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    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-479": {
   "value": "1574427000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CashAndCashEquivalents",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-480": {
   "value": "481772000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CashAndCashEquivalents",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2021-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-481": {
   "value": "794824000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CashAndCashEquivalents",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-482": {
   "value": "1574427000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CashAndCashEquivalents",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
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  "fact-635": {
   "value": "1<span class=\"ff3\"> <span class=\"_ _c1\"> </span></span>Activi<span class=\"_ _1\"></span>dades de las Socied<span class=\"_ _1\"></span>ade<span class=\"_ _1\"></span>s del Grupo Red <span class=\"_ _0\"></span>El\u00e9ctrica <span class=\"_ _0\"></span>Corporaci\u00f3n, S<span class=\"_ _0\"></span>.A. <span class=\"_ _0\"></span>(en adela<span class=\"_ _0\"></span>nte la <span class=\"_ _0\"></span>Socie<span class=\"_ _0\"></span>dad ma<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>riz <span class=\"_ _0\"></span>o la<span class=\"_ _0\"></span> So<span class=\"_ _0\"></span>ciedad) es <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>Sociedad <span class=\"_ _0\"></span>domina<span class=\"_ _0\"></span>nte de<span class=\"_ _0\"></span> un <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>formado <span class=\"_ _0\"></span>por <span class=\"_ _bf\"></span>sociedades <span class=\"_ _0\"></span>dependientes<span class=\"_ _0\"></span>. Asimis<span class=\"_ _0\"></span>mo, e<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>participa <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>operaci<span class=\"_ _0\"></span>ones <span class=\"_ _0\"></span>conjuntas <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span> otros o<span class=\"_ _0\"></span>peradores. L<span class=\"_ _0\"></span>a So<span class=\"_ _0\"></span>ciedad matriz <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>sus soci<span class=\"_ _0\"></span>edades <span class=\"_ _0\"></span>dependientes <span class=\"_ _0\"></span>componen R<span class=\"_ _0\"></span>edeia <span class=\"_ _0\"></span>(en adela<span class=\"_ _0\"></span>nte <span class=\"_ _0\"></span>G<span class=\"_ _1\"></span>rupo<span class=\"_ _0\"></span> o <span class=\"_ _bf\"></span>Redeia). <span class=\"_ _bf\"></span>La <span class=\"_ _bf\"></span>Sociedad <span class=\"_ _bf\"></span>tiene <span class=\"_ _bf\"></span>su <span class=\"_ _bf\"></span>domicilio <span class=\"_ _bf\"></span>social <span class=\"_ _bf\"></span>y <span class=\"_ _bf\"></span>fiscal <span class=\"_ _bf\"></span>en <span class=\"_ _bf\"></span>Paseo <span class=\"_ _bf\"></span>del <span class=\"_ _bf\"></span>Conde <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>los <span class=\"_ _bf\"></span>Gaitanes, <span class=\"_ _bf\"></span>177, <span class=\"_ _bf\"></span>Alcobe<span class=\"_ _0\"></span>ndas (Madrid), <span class=\"_ _c2\"></span>y <span class=\"_ _c2\"></span>tiene<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>sus <span class=\"_ _c2\"></span>acciones <span class=\"_ _c2\"></span>ad<span class=\"_ _0\"></span>mitidas <span class=\"_ _c2\"></span>a <span class=\"_ _c2\"></span>cotizaci\u00f3n <span class=\"_ _c2\"></span>en<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>el <span class=\"_ _c2\"></span>mercado <span class=\"_ _c2\"></span>continu<span class=\"_ _0\"></span>o <span class=\"_ _c2\"></span>espa\u00f1ol <span class=\"_ _c2\"></span>formando<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>parte <span class=\"_ _c2\"></span>del selectivo IBEX-35.  <span class=\"_ _0\"></span> La actividad del Grupo s<span class=\"_ _0\"></span>e centra en tres segmen<span class=\"_ _0\"></span>tos principales:   <span class=\"ff5 sc0\"> <span class=\"_ _c3\"> </span><span class=\"fc1\">Gesti\u00f3n y ope<span class=\"_ _0\"></span>raci\u00f3n de<span class=\"_ _0\"></span> infraestructuras e<span class=\"_ _0\"></span>l\u00e9ctricas nac<span class=\"_ _0\"></span>ionales:<span class=\"ff3\"> que in<span class=\"_ _0\"></span>cluye el tran<span class=\"_ _0\"></span>sporte de ener<span class=\"_ _0\"></span>g\u00eda </span></span></span>el\u00e9ctrica, <span class=\"_ _c4\"></span>la <span class=\"_ _1\"></span>operaci\u00f3n <span class=\"_ _c4\"></span>del <span class=\"_ _1\"></span>sistema <span class=\"_ _1\"></span>y <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>gesti\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>red <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>ansporte <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>el <span class=\"_ _c4\"></span>sistema <span class=\"_ _c4\"></span>el\u00e9ctrico <span class=\"_ _1\"></span>espa\u00f1ol. Estas <span class=\"_ _c2\"></span>actividad<span class=\"_ _0\"></span>es <span class=\"_ _c2\"></span>reguladas <span class=\"_ _c2\"></span>se <span class=\"_ _c2\"></span>d<span class=\"_ _0\"></span>esarrollan <span class=\"_ _c4\"></span>a <span class=\"_ _c2\"></span>trav\u00e9s <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>Red<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>El\u00e9ctrica <span class=\"_ _c2\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>Espa\u00f1a <span class=\"_ _c2\"></span>S.A.U.<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>(en <span class=\"_ _c2\"></span>adelante<span class=\"_ _0\"></span> Red El\u00e9ctrica).   <span class=\"ff5 sc0\"> <span class=\"_ _c3\"> </span><span class=\"fc1\">Gesti\u00f3n <span class=\"_ _c2\"></span>y <span class=\"_ _c5\"></span>operaci\u00f3n <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>infraestructuras <span class=\"_ _c5\"></span>e<span class=\"_ _0\"></span>l\u00e9ctricas <span class=\"_ _c2\"></span>i<span class=\"_ _1\"></span>nternac<span class=\"_ _0\"></span>ionales: <span class=\"_ _c2\"></span><span class=\"ff3\">actividades <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>transporte <span class=\"_ _c2\"></span>de </span></span></span>energ\u00eda <span class=\"_ _c2\"></span>el\u00e9<span class=\"_ _0\"></span>ct<span class=\"_ _1\"></span>rica <span class=\"_ _c2\"></span>d<span class=\"_ _0\"></span>esarrollad<span class=\"_ _0\"></span>as <span class=\"_ _c2\"></span>fuera <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>Espa\u00f1a<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>a <span class=\"_ _c2\"></span>trav\u00e9s <span class=\"_ _c2\"></span>d<span class=\"_ _0\"></span>e <span class=\"_ _c2\"></span>Red <span class=\"_ _c2\"></span>El\u00e9ctri<span class=\"_ _0\"></span>ca <span class=\"_ _c2\"></span>Internacional <span class=\"_ _c2\"></span>S<span class=\"_ _0\"></span>.A.U. <span class=\"_ _c2\"></span>y <span class=\"_ _c2\"></span>sus<span class=\"_ _0\"></span> participadas (en adelan<span class=\"_ _0\"></span>te Redinter).    <span class=\"ff5 sc0\"> <span class=\"_ _c3\"> </span><span class=\"fc1\">Telecomunicaciones (s<span class=\"_ _0\"></span>at\u00e9lites y fibra \u00f3ptica):<span class=\"ff3\"> A<span class=\"_ _0\"></span>simismo, el Grupo presta servicio<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>de telecomu<span class=\"_ _0\"></span>nica-<span class=\"_ _29d\"> </span></span></span></span>ciones <span class=\"_ _1\"></span>a <span class=\"_ _c4\"></span>terceros <span class=\"_ _c4\"></span>a <span class=\"_ _1\"></span>trav\u00e9s <span class=\"_ _1\"></span>del <span class=\"_ _c4\"></span>Subgrupo <span class=\"_ _c4\"></span>Hispasa<span class=\"_ _0\"></span>t <span class=\"_ _c4\"></span>(en <span class=\"_ _c4\"></span>adelante <span class=\"_ _1\"></span>Hispasat) <span class=\"_ _1\"></span>mediante <span class=\"_ _c4\"></span>la <span class=\"_ _1\"></span>operaci\u00f3n <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>in-<span class=\"_ _29d\"> </span>fraestructuras <span class=\"_ _c4\"></span>satelitales <span class=\"_ _c4\"></span>y <span class=\"_ _c2\"></span>a <span class=\"_ _c4\"></span>trav\u00e9s <span class=\"_ _c2\"></span>d<span class=\"_ _0\"></span>e <span class=\"_ _c2\"></span>Red<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>El\u00e9<span class=\"_ _0\"></span>ctrica <span class=\"_ _c2\"></span>Inf<span class=\"_ _0\"></span>raestructuras <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>Telecomunicaci\u00f3n <span class=\"_ _c4\"></span>S.A.U. <span class=\"_ _c2\"></span>(en adelante Reintel), fund<span class=\"_ _0\"></span>amentalmente mediante<span class=\"_ _0\"></span> el alquiler de fibra oscu<span class=\"_ _0\"></span>ra troncal.  Asimismo, <span class=\"_ _c2\"></span>el <span class=\"_ _1\"></span>G<span class=\"_ _1\"></span>rupo <span class=\"_ _c2\"></span>rea<span class=\"_ _0\"></span>liza <span class=\"_ _c2\"></span>actividades <span class=\"_ _c4\"></span>orientadas <span class=\"_ _c2\"></span>al <span class=\"_ _c4\"></span>impulso <span class=\"_ _c2\"></span>y <span class=\"_ _c4\"></span>aceleraci\u00f3n <span class=\"_ _c4\"></span>de <span class=\"_ _c2\"></span>la <span class=\"_ _c2\"></span>inn<span class=\"_ _0\"></span>ovaci\u00f3n <span class=\"_ _c2\"></span>tecno<span class=\"_ _0\"></span>l\u00f3gica <span class=\"_ _c2\"></span>a trav\u00e9s de su filia<span class=\"_ _0\"></span>l Red El\u00e9ctrica y de Telecomunic<span class=\"_ _0\"></span>aciones, Innovaci\u00f3n y Te<span class=\"_ _0\"></span>cnolog\u00eda S.A.U. (Elewit). <span class=\"_ _0\"></span> Adiciona<span class=\"_ _0\"></span>lmente, <span class=\"_ _c4\"></span>el <span class=\"_ _1\"></span>Grupo <span class=\"_ _c4\"></span>desarroll<span class=\"_ _0\"></span>a, <span class=\"_ _c4\"></span>a <span class=\"_ _1\"></span>trav\u00e9s <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>sus <span class=\"_ _c4\"></span>sociedad<span class=\"_ _0\"></span>es <span class=\"_ _c4\"></span>dependie<span class=\"_ _0\"></span>ntes, <span class=\"_ _c4\"></span>actividades<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>encaminadas <span class=\"_ _1\"></span>a facilitar <span class=\"_ _c4\"></span>la <span class=\"_ _1\"></span>financiaci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>sus <span class=\"_ _c4\"></span>actividades <span class=\"_ _1\"></span>y <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>cobertura <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>riesgos <span class=\"_ _1\"></span>mediante <span class=\"_ _1\"></span>el <span class=\"_ _c4\"></span>reaseguro <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>sus <span class=\"_ _c4\"></span>activos <span class=\"_ _c4\"></span>y actividades. <span class=\"_ _bf\"></span>Tambi\u00e9n <span class=\"_ _0\"></span>lleva <span class=\"_ _bf\"></span>a <span class=\"_ _0\"></span>cabo <span class=\"_ _0\"></span>activid<span class=\"_ _0\"></span>ades <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>esarrollo <span class=\"_ _0\"></span>y <span class=\"_ _bf\"></span>construcci\u00f3n <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>infraestructuras <span class=\"_ _bf\"></span>e <span class=\"_ _0\"></span>instalacio<span class=\"_ _0\"></span>nes el\u00e9ctricas a <span class=\"_ _1\"></span>trav\u00e9s <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>sus <span class=\"_ _1\"></span>entidades <span class=\"_ _1\"></span>dependientes y/o <span class=\"_ _1\"></span>participadas, Red <span class=\"_ _1\"></span>El\u00e9ctrica <span class=\"_ _1\"></span>Infraestructuras<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>Cana-<span class=\"_ _29d\"> </span>rias, S.A.U. e Interconexi<span class=\"_ _0\"></span>\u00f3n El\u00e9ctrica Francia-Esp<span class=\"_ _0\"></span>a\u00f1a, <span class=\"_ _1\"></span>S.A.S. (Inelfe).<span class=\"_ _0\"></span>   En <span class=\"_ _bf\"></span>el <span class=\"_ _bf\"></span>Anexo <span class=\"_ _0\"></span>I <span class=\"_ _bf\"></span>se <span class=\"_ _bf\"></span>detallan <span class=\"_ _bf\"></span>las <span class=\"_ _bf\"></span>actividades <span class=\"_ _bf\"></span>y <span class=\"_ _0\"></span>domi<span class=\"_ _0\"></span>cilio <span class=\"_ _bf\"></span>social <span class=\"_ _bf\"></span>t<span class=\"_ _1\"></span>anto <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>la <span class=\"_ _0\"></span>Socie<span class=\"_ _0\"></span>dad <span class=\"_ _bf\"></span>m<span class=\"_ _1\"></span>atriz <span class=\"_ _bf\"></span>como <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>las <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ociedades dependientes, <span class=\"_ _1\"></span>as\u00ed <span class=\"_ _c2\"></span>c<span class=\"_ _0\"></span>omo <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>participaci\u00f3n, <span class=\"_ _c4\"></span>tanto <span class=\"_ _c4\"></span>directa <span class=\"_ _c4\"></span>como <span class=\"_ _c4\"></span>indirecta, <span class=\"_ _c4\"></span>que <span class=\"_ _1\"></span>la <span class=\"_ _c4\"></span>Sociedad <span class=\"_ _c4\"></span>m<span class=\"_ _1\"></span>atriz <span class=\"_ _1\"></span>posee <span class=\"_ _c4\"></span>de <span class=\"_ _c2\"></span>l<span class=\"_ _0\"></span>as sociedades dependie<span class=\"_ _0\"></span>ntes. Ver cambios en Anexo<span class=\"_ _0\"></span> I. <span class=\"ffa fs6\"> </span>2<span class=\"ff3\"> <span class=\"_ _c6\"> </span></span>Bases de pre<span class=\"_ _1\"></span>senta<span class=\"_ _1\"></span>ci\u00f3n de las c<span class=\"_ _1\"></span>uentas anu<span class=\"_ _1\"></span>ales consoli<span class=\"_ _1\"></span>dadas  a) <span class=\"_ _c7\"> </span>Informaci\u00f3n general <span class=\"ff3 fc1\"> </span>Las <span class=\"_ _c2\"></span>cuentas <span class=\"_ _c2\"></span>anuale<span class=\"_ _0\"></span>s <span class=\"_ _c2\"></span>consolida<span class=\"_ _0\"></span>das <span class=\"_ _c2\"></span>han <span class=\"_ _c2\"></span>sido <span class=\"_ _c2\"></span>formulad<span class=\"_ _0\"></span>as <span class=\"_ _c2\"></span>por <span class=\"_ _c2\"></span>los <span class=\"_ _c2\"></span>Administrado<span class=\"_ _0\"></span>res <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>la <span class=\"_ _c2\"></span>Socie<span class=\"_ _0\"></span>dad <span class=\"_ _c2\"></span>matriz <span class=\"_ _c2\"></span>de forma <span class=\"_ _1\"></span>que muestran <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>imagen f<span class=\"_ _1\"></span>iel del <span class=\"_ _1\"></span>Patrimonio<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>consolidado y <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>situaci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _1\"></span>financiera <span class=\"_ _1\"></span>consolidada de <span class=\"_ _1\"></span>la Sociedad <span class=\"_ _c4\"></span>y <span class=\"_ _c4\"></span>sociedades <span class=\"_ _c4\"></span>dependientes <span class=\"_ _c4\"></span>a <span class=\"_ _c4\"></span>31 <span class=\"_ _c2\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>diciembre <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>2022 <span class=\"_ _c4\"></span>y <span class=\"_ _c2\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>r<span class=\"_ _0\"></span>endimiento <span class=\"_ _c4\"></span>financiero <span class=\"_ _c4\"></span>consolidado,<span class=\"_ _0\"></span> de sus f<span class=\"_ _1\"></span>lujos<span class=\"_ _0\"></span> de <span class=\"_ _1\"></span>efectivo consolidado<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>y de l<span class=\"_ _1\"></span>os cambio<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>en el Patrimonio neto consolidad<span class=\"_ _0\"></span>o <span class=\"_ _1\"></span>correspondie<span class=\"_ _0\"></span>ntes al ejercicio anual te<span class=\"_ _0\"></span>rminado en dicha fecha.<span class=\"_ _0\"></span> Estas <span class=\"_ _0\"></span>cuentas <span class=\"_ _0\"></span>anuales<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>consolida<span class=\"_ _0\"></span>das, formula<span class=\"_ _0\"></span>das <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>Administrad<span class=\"_ _0\"></span>ores <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>Sociedad <span class=\"_ _0\"></span>en <span class=\"_ _bf\"></span>reuni\u00f3n del <span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>on-<span class=\"_ _29d\"> </span>sejo <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>Ad<span class=\"_ _0\"></span>ministraci\u00f3n <span class=\"_ _c2\"></span>c<span class=\"_ _0\"></span>elebrada <span class=\"_ _c2\"></span>el <span class=\"_ _c2\"></span>d<span class=\"_ _0\"></span>\u00eda <span class=\"_ _c2\"></span>27 <span class=\"_ _c2\"></span>d<span class=\"_ _0\"></span>e <span class=\"_ _c2\"></span>febrero <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>2023, <span class=\"_ _c8\"></span>se <span class=\"_ _c2\"></span>han <span class=\"_ _c8\"></span>preparado <span class=\"_ _c8\"></span>a <span class=\"_ _c8\"></span>partir <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>los <span class=\"_ _c8\"></span>r<span class=\"_ _1\"></span>egistros<span class=\"_ _0\"></span> individu<span class=\"_ _0\"></span>ales <span class=\"_ _c2\"></span>de <span class=\"_ _c8\"></span>la <span class=\"_ _c2\"></span>Sociedad <span class=\"_ _c8\"></span>y <span class=\"_ _c8\"></span>del <span class=\"_ _c8\"></span>resto <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>sociedades <span class=\"_ _c8\"></span>integradas <span class=\"_ _c8\"></span>en <span class=\"_ _c2\"></span>el <span class=\"_ _c4\"></span>Gr<span class=\"_ _1\"></span>upo<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>que, <span class=\"_ _c8\"></span>junto <span class=\"_ _c8\"></span>con <span class=\"_ _c2\"></span>la <span class=\"_ _c4\"></span>Sociedad, componen Rede<span class=\"_ _0\"></span>ia (Anexo I). Cada socied<span class=\"_ _0\"></span>ad prepara sus cu<span class=\"_ _0\"></span>entas anuales <span class=\"_ _0\"></span>siguiendo los principios <span class=\"_ _0\"></span>y criterios contables en vigor e<span class=\"_ _0\"></span>n el pa\u00eds en el qu<span class=\"_ _0\"></span>e realiza las operacion<span class=\"_ _0\"></span>es, por lo que<span class=\"_ _0\"></span> en el proceso de consoli<span class=\"_ _0\"></span>daci\u00f3n se han <span class=\"_ _c9\"> </span>introducido<span class=\"_ _0\"></span> <span class=\"_ _c9\"> </span>los <span class=\"_ _c9\"> </span>ajustes <span class=\"_ _c9\"> </span>y <span class=\"_ _c0\"> </span>r<span class=\"_ _1\"></span>eclasifica<span class=\"_ _0\"></span>ciones <span class=\"_ _c9\"> </span>necesarios <span class=\"_ _c9\"> </span>pa<span class=\"_ _0\"></span>ra <span class=\"_ _c9\"> </span>homogeneizar <span class=\"_ _c0\"> </span>entre <span class=\"_ _c9\"> </span>s\u00ed <span class=\"_ _c9\"> </span>tales <span class=\"_ _c9\"> </span>prin<span class=\"_ _0\"></span>cipios <span class=\"_ _c9\"> </span>y<span class=\"_ _29d\"> </span>criterios <span class=\"_ _c2\"></span>para <span class=\"_ _c2\"></span>adecuarlos<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>a <span class=\"_ _c2\"></span>las <span class=\"_ _c2\"></span>Normas <span class=\"_ _c2\"></span>Internacionale<span class=\"_ _0\"></span>s <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>Informaci\u00f3n <span class=\"_ _c8\"></span>Financiera <span class=\"_ _c8\"></span>adoptadas <span class=\"_ _c2\"></span>por <span class=\"_ _c2\"></span>la <span class=\"_ _c2\"></span>Uni\u00f3n Europea (NIIF-UE). <span class=\"_ _1\"></span>Asimismo, se <span class=\"_ _1\"></span>modifican<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>pol\u00edticas <span class=\"_ _1\"></span>contables<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>las sociedades consolidadas, cuando es necesario, para a<span class=\"_ _0\"></span>segurar su uniformid<span class=\"_ _0\"></span>ad con las pol\u00edticas con<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>ables ad<span class=\"_ _0\"></span>optadas por la Sociedad<span class=\"_ _0\"></span>.  Las cuentas anuales consoli<span class=\"_ _0\"></span>dadas correspondientes al ejercicio 2021 fuero<span class=\"_ _0\"></span>n <span class=\"_ _1\"></span>aprobadas<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>en la Junta General<span class=\"_ _0\"></span> de <span class=\"_ _0\"></span>Accionistas <span class=\"_ _0\"></span>celebrada <span class=\"_ _0\"></span>el 7<span class=\"_ _0\"></span> de<span class=\"_ _0\"></span> junio<span class=\"_ _0\"></span> de <span class=\"_ _0\"></span>2022. L<span class=\"_ _0\"></span>as <span class=\"_ _0\"></span>Cuentas a<span class=\"_ _0\"></span>nuales <span class=\"_ _0\"></span>consolida<span class=\"_ _0\"></span>das, correspondie<span class=\"_ _0\"></span>ntes al <span class=\"_ _0\"></span>ejer<span class=\"_ _0\"></span>-<span class=\"_ _29d\"> </span>cicio <span class=\"_ _c8\"></span>2022, <span class=\"_ _c2\"></span>se <span class=\"_ _c2\"></span>encuentran <span class=\"_ _c8\"></span>pendientes <span class=\"_ _c2\"></span>de <span class=\"_ _c8\"></span>aprobaci\u00f3n <span class=\"_ _c8\"></span>por <span class=\"_ _c2\"></span>la <span class=\"_ _c2\"></span>Junta <span class=\"_ _c8\"></span>G<span class=\"_ _1\"></span>enera<span class=\"_ _0\"></span>l <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>Accionistas. <span class=\"_ _c8\"></span>No <span class=\"_ _c2\"></span>obstante, <span class=\"_ _c8\"></span>el Consejo <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>Administraci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>la <span class=\"_ _c4\"></span>Sociedad <span class=\"_ _c4\"></span>entiende <span class=\"_ _c4\"></span>que <span class=\"_ _1\"></span>dichas <span class=\"_ _c4\"></span>Cuentas <span class=\"_ _1\"></span>anuales <span class=\"_ _c4\"></span>consolida<span class=\"_ _0\"></span>das <span class=\"_ _c4\"></span>ser\u00e1n <span class=\"_ _c4\"></span>apro-<span class=\"_ _29d\"> </span>badas sin modificaci\u00f3<span class=\"_ _0\"></span>n alguna.  Para <span class=\"_ _c8\"></span>la <span class=\"_ _c2\"></span>preparaci\u00f3n <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>estas <span class=\"_ _c8\"></span>cuentas <span class=\"_ _c2\"></span>anuales<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>consolidada<span class=\"_ _0\"></span>s <span class=\"_ _c2\"></span>se <span class=\"_ _c2\"></span>ha <span class=\"_ _c8\"></span>utilizado <span class=\"_ _c8\"></span>el <span class=\"_ _c2\"></span>enfoque <span class=\"_ _c8\"></span>del <span class=\"_ _c8\"></span>coste <span class=\"_ _c8\"></span>hist\u00f3rico, excepto <span class=\"_ _c4\"></span>para <span class=\"_ _c4\"></span>los <span class=\"_ _c4\"></span>activos <span class=\"_ _c4\"></span>financieros <span class=\"_ _c4\"></span>valorados <span class=\"_ _1\"></span>a <span class=\"_ _c4\"></span>valor <span class=\"_ _c8\"></span>razonable <span class=\"_ _1\"></span>con <span class=\"_ _c4\"></span>cambios <span class=\"_ _c4\"></span>en <span class=\"_ _c4\"></span>Otro <span class=\"_ _c4\"></span>resultado <span class=\"_ _c4\"></span>global, <span class=\"_ _c4\"></span>los activos <span class=\"_ _1\"></span>financieros<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>valorados <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>valor r<span class=\"_ _1\"></span>azonable<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>cambios <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>resultados,<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>instrumentos <span class=\"_ _1\"></span>financieros va-<span class=\"_ _29d\"> </span>lorados a valor razonab<span class=\"_ _0\"></span>le con cambios en re<span class=\"_ _0\"></span>sultados y para las<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>combina<span class=\"_ _0\"></span>ciones de negocio.  Las <span class=\"_ _1\"></span>cit<span class=\"_ _1\"></span>adas <span class=\"_ _1\"></span>cuentas <span class=\"_ _1\"></span>anuales <span class=\"_ _1\"></span>consolidadas <span class=\"_ _1\"></span>est\u00e1n <span class=\"_ _1\"></span>expresadas <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>miles <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>euros, <span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>edondeada<span class=\"_ _0\"></span>s <span class=\"_ _c4\"></span>al <span class=\"_ _1\"></span>millar <span class=\"_ _c4\"></span>m\u00e1s<span class=\"_ _0\"></span> cercano, <span class=\"_ _c8\"></span>que <span class=\"_ _c5\"></span>es <span class=\"_ _c8\"></span>la <span class=\"_ _c2\"></span>moneda <span class=\"_ _c8\"></span>f<span class=\"_ _1\"></span>uncional <span class=\"_ _c8\"></span>y <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>presentaci\u00f3n <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>la <span class=\"_ _c2\"></span>Sociedad <span class=\"_ _c2\"></span>matriz, <span class=\"_ _c2\"></span>y <span class=\"_ _c2\"></span>han <span class=\"_ _c8\"></span>sido <span class=\"_ _c5\"></span>prep<span class=\"_ _0\"></span>aradas <span class=\"_ _c2\"></span>de acuerdo <span class=\"_ _0\"></span>con lo<span class=\"_ _0\"></span> es<span class=\"_ _0\"></span>tablecido e<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>las NIIF-UE<span class=\"_ _0\"></span>, y <span class=\"_ _0\"></span>dem\u00e1s <span class=\"_ _0\"></span>disposicion<span class=\"_ _0\"></span>es del<span class=\"_ _0\"></span> marco<span class=\"_ _0\"></span> norma<span class=\"_ _0\"></span>tivo de<span class=\"_ _0\"></span> informac<span class=\"_ _0\"></span>i\u00f3n finan-<span class=\"_ _29d\"> </span>ciera que resulta<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>de aplic<span class=\"_ _0\"></span>aci\u00f3n.  No <span class=\"_ _c2\"></span>existe <span class=\"_ _c8\"></span>ning\u00fan <span class=\"_ _c2\"></span>principio <span class=\"_ _c8\"></span>contable <span class=\"_ _c2\"></span>obligatorio <span class=\"_ _c8\"></span>que, <span class=\"_ _c5\"></span>siendo<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>su <span class=\"_ _c2\"></span>efecto <span class=\"_ _c2\"></span>significativo <span class=\"_ _c8\"></span>en <span class=\"_ _c2\"></span>la <span class=\"_ _c2\"></span>elaboraci\u00f3n <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>las cuentas anuales consolid<span class=\"_ _0\"></span>adas, se haya dejado<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>aplicar. b) <span class=\"_ _ca\"> </span>Nuevas normas NI<span class=\"_ _0\"></span>IF-UE e interpretaciones C<span class=\"_ _0\"></span>INIIF Las <span class=\"_ _1\"></span>cuentas<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>anuales consolidadas se han <span class=\"_ _1\"></span>elaborado de <span class=\"_ _1\"></span>acuerdo con las NI<span class=\"_ _1\"></span>IF-UE y <span class=\"_ _1\"></span>se han tenido <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>cuenta las normas, <span class=\"_ _1\"></span>modificacione<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>e interpretaciones <span class=\"_ _1\"></span>adoptadas<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>por <span class=\"_ _1\"></span>la Uni\u00f3n <span class=\"_ _1\"></span>Europea<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>entrada en <span class=\"_ _1\"></span>vigor el 1 <span class=\"_ _1\"></span>de enero de 2022, no habie<span class=\"_ _0\"></span>ndo tenido efectos signifi<span class=\"_ _0\"></span>cativos en las cuentas<span class=\"_ _0\"></span> anuales consolida<span class=\"_ _0\"></span>das del Grupo:  Efectivo desde <span class=\"_ _9a\"> </span>Nuevas modifica<span class=\"_ _1\"></span>ciones Modificaci\u00f3n \u201cNI<span class=\"_ _1\"></span>IF 3 Combi<span class=\"_ _1\"></span>naciones de ne<span class=\"_ _1\"></span>gocios\u201d Ref<span class=\"_ _1\"></span>erencia al Marco C<span class=\"_ _1\"></span>onceptu<span class=\"_ _1\"></span>al Modificaci\u00f3n \u201cNIC 16 Propiedad, planta y equipo\u201d Ingresos obtenidos antes del uso <span class=\"_ _0\"></span>previsto\"<span class=\"_ _29d\"> </span>1 de enero de<span class=\"_ _1\"></span> 2022<span class=\"fs1\"> </span>Modificaci\u00f3n <span class=\"_ _0\"></span>\u201cNIC <span class=\"_ _0\"></span>37 <span class=\"_ _bf\"></span>Provis<span class=\"_ _1\"></span>iones, <span class=\"_ _0\"></span>pasivos <span class=\"_ _bf\"></span>y <span class=\"_ _0\"></span>activos <span class=\"_ _0\"></span>contingentes<span class=\"_ _1\"></span>\u201d <span class=\"_ _0\"></span>Contratos <span class=\"_ _0\"></span>onerosos: <span class=\"_ _bf\"></span>Cos<span class=\"_ _1\"></span>te de cumplir un contr<span class=\"_ _1\"></span>ato Mejoras Anua<span class=\"_ _1\"></span>les de las NII<span class=\"_ _1\"></span>F. Ciclo 2018 <span class=\"_ _1\"></span>\u2013 2020 - <span class=\"_ _c7\"> </span>M<span class=\"_ _1\"></span>odificacion<span class=\"_ _0\"></span>es <span class=\"_ _c5\"></span>de <span class=\"_ _c5\"></span>la <span class=\"_ _c2\"></span>NIIF <span class=\"_ _c5\"></span>3 <span class=\"_ _c5\"></span>Co<span class=\"_ _0\"></span>mbinaciones <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>negocio: <span class=\"_ _c5\"> </span>se <span class=\"_ _c5\"></span>han <span class=\"_ _c2\"></span>incorporado <span class=\"_ _c2\"></span>modificaciones <span class=\"_ _c2\"></span>menores para <span class=\"_ _c4\"></span>actualizar las <span class=\"_ _c4\"></span>referencias <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>Marco <span class=\"_ _1\"></span>Conceptual <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>las <span class=\"_ _c4\"></span>N<span class=\"_ _0\"></span>I<span class=\"_ _1\"></span>IF <span class=\"_ _1\"></span>y <span class=\"_ _c4\"></span>aclaracio<span class=\"_ _0\"></span>nes <span class=\"_ _c4\"></span>al <span class=\"_ _1\"></span>principio <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>econoci<span class=\"_ _0\"></span>-<span class=\"_ _29d\"> </span>miento de pasivos<span class=\"_ _0\"></span> y pasivos contingentes<span class=\"_ _0\"></span>. - <span class=\"_ _c7\"> </span>M<span class=\"_ _1\"></span>odificaci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>a la NIC <span class=\"_ _1\"></span>16<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>Propiedad, planta y equipo: mediante esta modifica<span class=\"_ _0\"></span>ci\u00f3n <span class=\"_ _1\"></span>se proh\u00edbe deducir del coste <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>activos<span class=\"_ _0\"></span> en<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>el a<span class=\"_ _0\"></span>lcance <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>esta <span class=\"_ _0\"></span>norma <span class=\"_ _0\"></span>cua<span class=\"_ _0\"></span>lquier <span class=\"_ _0\"></span>ingreso <span class=\"_ _0\"></span>obtenido <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>la<span class=\"_ _0\"></span> fase<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>previa <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>puest<span class=\"_ _0\"></span>a en uso, estos se deber\u00e1<span class=\"_ _0\"></span>n reconocer en el resulta<span class=\"_ _0\"></span>do del ejercicio.  - <span class=\"_ _c7\"> </span>M<span class=\"_ _1\"></span>odificaci\u00f3n<span class=\"_ _0\"></span> a <span class=\"_ _0\"></span>la NIC <span class=\"_ _0\"></span>37 <span class=\"_ _0\"></span>Provisi<span class=\"_ _0\"></span>ones, pasivos<span class=\"_ _0\"></span> contin<span class=\"_ _0\"></span>gentes y <span class=\"_ _0\"></span>activos <span class=\"_ _0\"></span>contin<span class=\"_ _0\"></span>gentes: se <span class=\"_ _0\"></span>aclara <span class=\"_ _0\"></span>el co<span class=\"_ _0\"></span>ncepto de coste de <span class=\"_ _1\"></span>cumplimiento de un contrato para evaluar si <span class=\"_ _1\"></span>un contrato es oneroso. <span class=\"_ _1\"></span>Se deben incluir todos<span class=\"_ _0\"></span> los costes <span class=\"_ _1\"></span>incrementales del <span class=\"_ _1\"></span>contrato com<span class=\"_ _1\"></span>o una <span class=\"_ _1\"></span>asignaci\u00f3n de <span class=\"_ _1\"></span>costes <span class=\"_ _1\"></span>directamente relacionados con el cumplimiento de las a<span class=\"_ _0\"></span>ctividades contractuales<span class=\"_ _0\"></span>.  - <span class=\"_ _c7\"> </span>M<span class=\"_ _1\"></span>ejoras<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>anuales ciclo <span class=\"_ _1\"></span>2018-2020, mediante las <span class=\"_ _1\"></span>que se <span class=\"_ _1\"></span>establecen modificacione<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>menores <span class=\"_ _1\"></span>a las <span class=\"_ _1\"></span>NIIF 1 Adopci\u00f3n <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>las <span class=\"_ _c8\"></span>NIIF <span class=\"_ _c8\"></span>por <span class=\"_ _c8\"></span>Primera <span class=\"_ _c4\"></span>Vez, <span class=\"_ _c8\"></span>NIIF <span class=\"_ _c8\"></span>9 <span class=\"_ _c4\"></span>Instrumentos <span class=\"_ _c8\"></span>Financieros <span class=\"_ _c4\"></span>y <span class=\"_ _c8\"></span>NIIF <span class=\"_ _c8\"></span>16 <span class=\"_ _c8\"></span>Arrendamientos.<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>La mejora incluid<span class=\"_ _0\"></span>a en la NIIF 9 se\u00f1ala<span class=\"_ _0\"></span> que en<span class=\"_ _0\"></span> el test de baja de pa<span class=\"_ _0\"></span>sivos financi<span class=\"_ _0\"></span>eros deben incluirse so<span class=\"_ _0\"></span>lo las comisiones pagadas o <span class=\"_ _1\"></span>recibidas entre <span class=\"_ _1\"></span>el pr<span class=\"_ _1\"></span>estatario y <span class=\"_ _1\"></span>el prestamista, o <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>nombre de <span class=\"_ _1\"></span>estos. Los costes u honorarios pagados<span class=\"_ _0\"></span> a terceros no deben inclu<span class=\"_ _0\"></span>irse. Asimismo, <span class=\"_ _1\"></span>el Grupo <span class=\"_ _1\"></span>est\u00e1 <span class=\"_ _1\"></span>analizando el <span class=\"_ _c4\"></span>impacto de <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>nuevas <span class=\"_ _1\"></span>NIIF <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>mejo<span class=\"_ _0\"></span>ras <span class=\"_ _1\"></span>emitidas <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>aprobadas <span class=\"_ _1\"></span>para<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>su aplicaci\u00f3n en la<span class=\"_ _0\"></span> Uni\u00f3n Europea a partir del 1 de <span class=\"_ _0\"></span>enero de 2023, que son l<span class=\"_ _0\"></span>as siguientes:<span class=\"_ _29d\"> </span> <span class=\"ffa fs6\"> </span>Efectivo desde:<span class=\"_ _1\"></span> <span class=\"_ _57\"> </span>N<span class=\"_ _1\"></span>uevas norma<span class=\"_ _1\"></span>s y modificacio<span class=\"_ _1\"></span>nes Nueva norma \u201cNII<span class=\"_ _1\"></span>F 17 Contr<span class=\"_ _1\"></span>atos de seguros\u201d<span class=\"_ _1\"></span> 1 de enero de<span class=\"_ _1\"></span> 2023 Modificaci\u00f3n <span class=\"_ _0\"></span>\u201cNIC 1 <span class=\"_ _0\"></span>Presentaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>los e<span class=\"_ _0\"></span>stados<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>financ<span class=\"_ _1\"></span>ieros\u201d <span class=\"_ _0\"></span>Desgloses de <span class=\"_ _0\"></span>pol\u00edticas <span class=\"_ _0\"></span>contables<span class=\"_ _29d\"> </span>Modificaci\u00f3n \u201cNIC 8 <span class=\"_ _0\"></span>Pol\u00edtica<span class=\"_ _1\"></span>s contables, <span class=\"_ _0\"></span>cambi<span class=\"_ _1\"></span>os en <span class=\"_ _0\"></span>las estimaciones contables y <span class=\"_ _0\"></span>errores<span class=\"_ _1\"></span>\u201d De-<span class=\"_ _29d\"> </span>finici\u00f3n de esti<span class=\"_ _1\"></span>maciones co<span class=\"_ _1\"></span>ntables 1 de enero de<span class=\"_ _1\"></span> 2024 <span class=\"_ _cb\"> </span>Modificaci\u00f3n NIF <span class=\"_ _1\"></span>16: Pasiv<span class=\"_ _1\"></span>os por arren<span class=\"_ _1\"></span>damientos en o<span class=\"_ _1\"></span>peraciones d<span class=\"_ _1\"></span>e <span class=\"ffb\">Sales and L<span class=\"_ _1\"></span>easeback</span> - <span class=\"_ _c7\"> </span>NIIF <span class=\"_ _c8\"></span>17 <span class=\"_ _c4\"></span>Contratos <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>seguro <span class=\"_ _c4\"></span>y <span class=\"_ _c4\"></span>sus <span class=\"_ _c8\"></span>modificacion<span class=\"_ _0\"></span>es. <span class=\"_ _c8\"></span>Remplaza<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>a <span class=\"_ _c4\"></span>la <span class=\"_ _c8\"></span>NIIF <span class=\"_ _c4\"></span>4, <span class=\"_ _c4\"></span>r<span class=\"_ _1\"></span>ecogiendo<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>los <span class=\"_ _c4\"></span>principios <span class=\"_ _c4\"></span>de<span class=\"_ _0\"></span> registro, <span class=\"_ _bf\"></span>valoraci\u00f3n, <span class=\"_ _bf\"></span>presentaci\u00f3n <span class=\"_ _bf\"></span>y <span class=\"_ _bf\"></span>desglose <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>s <span class=\"_ _bf\"></span>contratos <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>seguros <span class=\"_ _bf\"></span>co<span class=\"_ _0\"></span>n <span class=\"_ _bf\"></span>el <span class=\"_ _0\"></span>objetivo <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>que <span class=\"_ _bf\"></span>la <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ntidad proporcione <span class=\"_ _c8\"></span>informaci\u00f3n <span class=\"_ _c2\"></span>relevante <span class=\"_ _c2\"></span>y <span class=\"_ _c2\"></span>fiable <span class=\"_ _c2\"></span>que <span class=\"_ _c2\"></span>permita <span class=\"_ _c2\"></span>a <span class=\"_ _c2\"></span>los <span class=\"_ _c2\"></span>usuarios <span class=\"_ _c2\"></span>de <span class=\"_ _c8\"></span>la <span class=\"_ _c2\"></span>inform<span class=\"_ _1\"></span>aci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _c2\"></span>determinar <span class=\"_ _c2\"></span>el efecto que los contratos <span class=\"_ _0\"></span>tienen en los estados fin<span class=\"_ _0\"></span>ancieros.   - <span class=\"_ _c7\"> </span>M<span class=\"_ _1\"></span>odificaci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>a <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>NIC <span class=\"_ _c4\"></span>1 <span class=\"_ _1\"></span>Presentaci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>Estados <span class=\"_ _1\"></span>Financieros <span class=\"_ _c4\"></span>mediante <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>cual <span class=\"_ _c4\"></span>permite <span class=\"_ _1\"></span>a <span class=\"_ _c4\"></span>las <span class=\"_ _c4\"></span>entidades identificar adecuadamente la informaci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>sobre pol\u00edticas<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>contables materiale<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>que debe ser desglosada<span class=\"_ _0\"></span> en los estados finan<span class=\"_ _0\"></span>cieros.   - <span class=\"_ _c7\"> </span>M<span class=\"_ _1\"></span>odificaci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>a <span class=\"_ _c8\"></span>la <span class=\"_ _c8\"></span>NIC <span class=\"_ _c4\"></span>8 <span class=\"_ _c8\"></span>Pol\u00edticas <span class=\"_ _c4\"></span>cont<span class=\"_ _1\"></span>ables, <span class=\"_ _c4\"></span>cambio<span class=\"_ _0\"></span>s <span class=\"_ _c8\"></span>en <span class=\"_ _c8\"></span>las <span class=\"_ _c8\"></span>estimaciones<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>contables <span class=\"_ _c8\"></span>y <span class=\"_ _c4\"></span>errores. <span class=\"_ _c8\"></span>Recoge modificaciones <span class=\"_ _bf\"></span>y <span class=\"_ _bf\"></span>aclaraciones <span class=\"_ _bf\"></span>sobre <span class=\"_ _0\"></span>qu\u00e9 <span class=\"_ _bf\"></span>debe <span class=\"_ _bf\"></span>entenderse <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>mo <span class=\"_ _0\"></span>un <span class=\"_ _bf\"></span>cambio <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>una <span class=\"_ _bf\"></span>estimaci\u00f3n <span class=\"_ _bf\"></span>contable.   El <span class=\"_ _0\"></span>Grupo <span class=\"_ _bf\"></span>no <span class=\"_ _0\"></span>espera <span class=\"_ _bf\"></span>que <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>adopci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>dicha<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>normas <span class=\"_ _bf\"></span>tenga <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>efec<span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>significativo <span class=\"_ _bf\"></span>sobre <span class=\"_ _0\"></span>las <span class=\"_ _bf\"></span>cuentas <span class=\"_ _0\"></span>anuale<span class=\"_ _0\"></span>s consolidad<span class=\"_ _0\"></span>as en <span class=\"_ _1\"></span>el period<span class=\"_ _0\"></span>o inicial de adopci\u00f3n.  Por \u00faltimo, a fecha de formulaci\u00f3n de estas cuentas anuale<span class=\"_ _0\"></span>s consolidadas las siguientes modificaci<span class=\"_ _0\"></span>ones ha-<span class=\"_ _29d\"> </span>b\u00edan sido public<span class=\"_ _0\"></span>adas por el IASB pe<span class=\"_ _0\"></span>ro no eran de apli<span class=\"_ _0\"></span>caci\u00f3n obligatoria porqu<span class=\"_ _0\"></span>e se encuentran pendien<span class=\"_ _0\"></span>tes de aprobaci\u00f3n para su<span class=\"_ _0\"></span> uso en la Uni\u00f3n Europea<span class=\"_ _0\"></span>:<span class=\"_ _1\"></span>  - <span class=\"_ _c7\"> </span>M<span class=\"_ _1\"></span>odificaci\u00f3n<span class=\"_ _0\"></span> \u201cNIC 1<span class=\"_ _0\"></span> Presentaci\u00f3n<span class=\"_ _0\"></span> de los<span class=\"_ _0\"></span> estados<span class=\"_ _0\"></span> financieros\u201d Cl<span class=\"_ _0\"></span>asificaci\u00f3n <span class=\"_ _0\"></span>de pasivos<span class=\"_ _0\"></span> como<span class=\"_ _0\"></span> corrientes o<span class=\"_ _0\"></span> no corrientes, median<span class=\"_ _0\"></span>te la cual se modifican y acla<span class=\"_ _0\"></span>ran determinados aspectos de la<span class=\"_ _0\"></span> clasificaci\u00f3n.  <span class=\"_ _0\"></span> - <span class=\"_ _c7\"> </span>M<span class=\"_ _1\"></span>odificaci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _bf\"></span>\u201cNI<span class=\"_ _1\"></span>C<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>12<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>Imp<span class=\"_ _0\"></span>uestos <span class=\"_ _bf\"></span>diferidos <span class=\"_ _bf\"></span>relacion<span class=\"_ _0\"></span>ados <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span> <span class=\"_ _bf\"></span>Activos <span class=\"_ _bf\"></span>y <span class=\"_ _bf\"></span>Pasivos <span class=\"_ _bf\"></span>que <span class=\"_ _bf\"></span>surgen <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>una <span class=\"_ _bf\"></span>Tran<span class=\"_ _0\"></span>sac-<span class=\"_ _29d\"> </span>ci\u00f3n <span class=\"_ _0\"></span>\u00danica\u201d, media<span class=\"_ _0\"></span>nte la <span class=\"_ _0\"></span>cual <span class=\"_ _0\"></span>se clari<span class=\"_ _0\"></span>f<span class=\"_ _1\"></span>ican <span class=\"_ _0\"></span>aspectos <span class=\"_ _0\"></span>sobre el <span class=\"_ _0\"></span>regist<span class=\"_ _0\"></span>ro del <span class=\"_ _0\"></span>impuesto <span class=\"_ _0\"></span>diferido q<span class=\"_ _0\"></span>ue se <span class=\"_ _0\"></span>genera<span class=\"_ _0\"></span> en operaciones como<span class=\"_ _0\"></span> arrendamiento y obliga<span class=\"_ _0\"></span>ciones por desmantelamien<span class=\"_ _0\"></span>to.  El G<span class=\"_ _1\"></span>rupo est<span class=\"_ _1\"></span>\u00e1 analizando el <span class=\"_ _1\"></span>impacto <span class=\"_ _1\"></span>de estas modificaciones, <span class=\"_ _1\"></span>si <span class=\"_ _1\"></span>bien tampoco <span class=\"_ _1\"></span>espera<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>tengan un <span class=\"_ _1\"></span>efecto significativo <span class=\"_ _c4\"></span>sobre <span class=\"_ _c4\"></span>las <span class=\"_ _c4\"></span>cuentas <span class=\"_ _c4\"></span>anuales <span class=\"_ _c4\"></span>consolidadas <span class=\"_ _c4\"></span>en <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>f<span class=\"_ _1\"></span>echa<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>en <span class=\"_ _c4\"></span>que <span class=\"_ _c4\"></span>su <span class=\"_ _c8\"></span>aplicaci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>sea <span class=\"_ _c4\"></span>obligatoria <span class=\"_ _c4\"></span>en <span class=\"_ _c4\"></span>la Uni\u00f3n Europea. <span class=\"ffa fs6\"> </span>c) <span class=\"_ _c7\"> </span>Uso de estimaciones e<span class=\"_ _0\"></span> hip\u00f3tesis  La preparaci\u00f3n <span class=\"_ _1\"></span>de las <span class=\"_ _1\"></span>cue<span class=\"_ _0\"></span>ntas <span class=\"_ _1\"></span>anuales consolidadas de conformidad <span class=\"_ _1\"></span>con las NIIF-UE <span class=\"_ _1\"></span>requiere que la Direc-<span class=\"_ _29d\"> </span>ci\u00f3n <span class=\"_ _1\"></span>del <span class=\"_ _c4\"></span>Grupo <span class=\"_ _1\"></span>realice <span class=\"_ _c4\"></span>juicios, <span class=\"_ _1\"></span>estimaciones <span class=\"_ _1\"></span>y <span class=\"_ _c4\"></span>asunciones <span class=\"_ _1\"></span>que <span class=\"_ _c4\"></span>afectan <span class=\"_ _1\"></span>a <span class=\"_ _c4\"></span>la <span class=\"_ _1\"></span>aplicaci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>las <span class=\"_ _c4\"></span>normas <span class=\"_ _1\"></span>y <span class=\"_ _c4\"></span>a <span class=\"_ _c4\"></span>los importes <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>activos, <span class=\"_ _c4\"></span>pasivos, <span class=\"_ _1\"></span>ingresos <span class=\"_ _c4\"></span>y <span class=\"_ _c8\"></span>gastos. <span class=\"_ _1\"></span>Las <span class=\"_ _c4\"></span>est<span class=\"_ _1\"></span>imacio<span class=\"_ _0\"></span>nes <span class=\"_ _c8\"></span>y <span class=\"_ _1\"></span>j<span class=\"_ _1\"></span>uicios <span class=\"_ _c4\"></span>se <span class=\"_ _c4\"></span>eval\u00faan <span class=\"_ _c4\"></span>continua<span class=\"_ _0\"></span>mente <span class=\"_ _c4\"></span>y <span class=\"_ _c8\"></span>se basan en <span class=\"_ _1\"></span>la experiencia hist\u00f3rica y <span class=\"_ _1\"></span>otros factores, incluida<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>las expectat<span class=\"_ _1\"></span>ivas de sucesos futuros que <span class=\"_ _1\"></span>se con-<span class=\"_ _29d\"> </span>sideran <span class=\"_ _0\"></span>razonables <span class=\"_ _0\"></span>bajo la<span class=\"_ _0\"></span>s circuns<span class=\"_ _0\"></span>tancias existen<span class=\"_ _0\"></span>tes. Los <span class=\"_ _0\"></span>resultados <span class=\"_ _0\"></span>reale<span class=\"_ _0\"></span>s pudieran<span class=\"_ _0\"></span> diferir <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>estas estima<span class=\"_ _0\"></span>-<span class=\"_ _29d\"> </span>ciones.  En <span class=\"_ _c5\"></span>las <span class=\"_ _c5\"></span>cuentas <span class=\"_ _c2\"></span>anuales <span class=\"_ _c5\"></span>consoli<span class=\"_ _0\"></span>dadas <span class=\"_ _c5\"> </span>correspondientes <span class=\"_ _c5\"></span>al <span class=\"_ _c2\"></span>ejercicio <span class=\"_ _c5\"></span>2022 <span class=\"_ _c5\"></span>se<span class=\"_ _0\"></span> <span class=\"_ _c0\"> </span>han <span class=\"_ _c2\"></span>utilizado <span class=\"_ _c5\"></span>ocasio<span class=\"_ _0\"></span>nalmente estimaciones <span class=\"_ _c8\"></span>realizadas <span class=\"_ _c8\"></span>por<span class=\"_ _1\"></span> <span class=\"_ _c2\"></span>la <span class=\"_ _c2\"></span>Direcci\u00f3n <span class=\"_ _c8\"></span>del <span class=\"_ _c2\"></span>Grupo <span class=\"_ _c2\"></span>y <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>las <span class=\"_ _c5\"></span>en<span class=\"_ _0\"></span>tidades <span class=\"_ _c2\"></span>consolidadas, <span class=\"_ _c8\"></span>r<span class=\"_ _1\"></span>atificadas <span class=\"_ _c8\"></span>posterior-<span class=\"_ _29d\"> </span>mente por sus Administrado<span class=\"_ _0\"></span>res, <span class=\"_ _1\"></span>para<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>cuantificar alguno<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>de los activos, pasivo<span class=\"_ _0\"></span>s, <span class=\"_ _1\"></span>ingresos<span class=\"_ _0\"></span>, <span class=\"_ _1\"></span>gastos y compro-<span class=\"_ _29d\"> </span>misos que figuran<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>registrad<span class=\"_ _0\"></span>os en ellas.  Principalmente, estas es<span class=\"_ _0\"></span>timaciones se refieren a:<span class=\"_ _0\"></span>   <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">La <span class=\"_ _1\"></span>estimaci\u00f3n de <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>recuperaci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>activos<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>mediante <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>determinaci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>del valor <span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ecuperable<span class=\"_ _0\"></span> de <span class=\"_ _c4\"></span>los </span></span>mismos. Se entie<span class=\"_ _0\"></span>nde por valor recuperable<span class=\"_ _0\"></span> el mayor entre el valo<span class=\"_ _0\"></span>r razonable menos los co<span class=\"_ _0\"></span>stes de vent<span class=\"_ _0\"></span>a<span class=\"_ _29d\"> </span> y <span class=\"_ _c4\"></span>su <span class=\"_ _c4\"></span>valor <span class=\"_ _c4\"></span>en <span class=\"_ _c4\"></span>uso. <span class=\"_ _c4\"></span>E<span class=\"_ _1\"></span>l <span class=\"_ _c4\"></span>deterioro <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>valor <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>los <span class=\"_ _c4\"></span>activos <span class=\"_ _c4\"></span>se <span class=\"_ _c8\"></span>calcula <span class=\"_ _c4\"></span>generalmente<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>a <span class=\"_ _c8\"></span>partir <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>los <span class=\"_ _c4\"></span>flujos <span class=\"_ _c4\"></span>de<span class=\"_ _0\"></span> efectivo <span class=\"_ _1\"></span>descontados<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>seg\u00fan las <span class=\"_ _1\"></span>proyecciones <span class=\"_ _1\"></span>financie<span class=\"_ _0\"></span>ras <span class=\"_ _c4\"></span>utili<span class=\"_ _0\"></span>zadas <span class=\"_ _1\"></span>por <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>Grupo. <span class=\"_ _1\"></span>La <span class=\"_ _1\"></span>tasa <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>descuent<span class=\"_ _0\"></span>o empleada es el cos<span class=\"_ _0\"></span>te medio ponderado del<span class=\"_ _0\"></span> capital (v\u00e9ase notas 7,8 y<span class=\"_ _0\"></span> 11).   <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Estimaci\u00f3n <span class=\"_ _1\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>vidas \u00fatiles <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>Inmoviliza<span class=\"_ _0\"></span>do <span class=\"_ _1\"></span>material, <span class=\"_ _1\"></span>Inmoviliza<span class=\"_ _0\"></span>do <span class=\"_ _1\"></span>intangible<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>inversiones <span class=\"_ _1\"></span>inmob<span class=\"_ _0\"></span>ilia-<span class=\"_ _29d\"> </span></span></span>rias. (v\u00e9ase notas 4<span class=\"_ _0\"></span>.c, 4.d y 4.e).   <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Las <span class=\"_ _c8\"></span>hip\u00f3tesis <span class=\"_ _c8\"></span>empleadas <span class=\"_ _c8\"></span>en <span class=\"_ _c8\"></span>los <span class=\"_ _c2\"></span>c\u00e1lculos <span class=\"_ _c8\"></span>actuariales <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>los <span class=\"_ _c8\"></span>pasivos <span class=\"_ _c8\"></span>y <span class=\"_ _c2\"></span>obl<span class=\"_ _0\"></span>igaciones <span class=\"_ _c8\"></span>con <span class=\"_ _c2\"></span>los <span class=\"_ _c8\"></span>empleados<span class=\"_ _0\"></span> </span></span>(v\u00e9ase nota 16). <span class=\"_ _0\"></span>  <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Las hip\u00f3tesis emple<span class=\"_ _0\"></span>adas para los c\u00e1lculos del va<span class=\"_ _0\"></span>lor razonable de los deriv<span class=\"_ _0\"></span>ados (v\u00e9ase nota 20).<span class=\"_ _0\"></span>  </span></span> <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">C\u00e1lculo de <span class=\"_ _1\"></span>los ingresos de <span class=\"_ _1\"></span>las instalaciones de <span class=\"_ _1\"></span>transpo<span class=\"_ _0\"></span>rte <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>energ\u00eda el\u00e9ctrica y Operaci\u00f3n <span class=\"_ _1\"></span>del Sistema </span></span>en Espa\u00f1a (v\u00e9ase nota<span class=\"_ _0\"></span> 3).   <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Las <span class=\"_ _1\"></span>hip\u00f3tesis <span class=\"_ _1\"></span>empleadas para <span class=\"_ _c4\"></span>el <span class=\"_ _1\"></span>c\u00e1lculo <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>valor <span class=\"_ _1\"></span>razonable <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>activos y <span class=\"_ _c4\"></span>pasivos <span class=\"_ _1\"></span>adquiridos <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>una<span class=\"_ _0\"></span> </span></span>combinaci\u00f3n de negoci<span class=\"_ _0\"></span>os (v\u00e9ase nota 6).   Como norma general se reg<span class=\"_ _0\"></span>istran <span class=\"_ _1\"></span>los pasiv<span class=\"_ _0\"></span>os cuando es probable que una obli<span class=\"_ _0\"></span>gaci\u00f3n d\u00e9 lugar a una indem-<span class=\"_ _29d\"> </span>nizaci\u00f3n o pago. El Grupo eval\u00faa y realiza una <span class=\"_ _1\"></span>es<span class=\"_ _0\"></span>timaci\u00f3n de los <span class=\"_ _1\"></span>importes ne<span class=\"_ _0\"></span>cesarios a <span class=\"_ _1\"></span>liquidar en el futuro,<span class=\"_ _0\"></span> incluyendo<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>importes <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>dicionales <span class=\"_ _bf\"></span>cor<span class=\"_ _1\"></span>respondientes <span class=\"_ _bf\"></span>a <span class=\"_ _0\"></span>impuestos <span class=\"_ _bf\"></span>sobre <span class=\"_ _0\"></span>ganancias, <span class=\"_ _0\"></span>ob<span class=\"_ _0\"></span>ligaciones <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ntractua-<span class=\"_ _29d\"> </span>les, l<span class=\"_ _0\"></span>a l<span class=\"_ _0\"></span>iquidaci\u00f3n <span class=\"_ _0\"></span>de l<span class=\"_ _0\"></span>itigios <span class=\"_ _0\"></span>pendientes <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>otros <span class=\"_ _0\"></span>pasivos. <span class=\"_ _0\"></span>Dichas <span class=\"_ _0\"></span>estimacion<span class=\"_ _0\"></span>es est\u00e1n<span class=\"_ _0\"></span> sujetas<span class=\"_ _0\"></span> a <span class=\"_ _0\"></span>interpretacio<span class=\"_ _0\"></span>nes de <span class=\"_ _0\"></span>los <span class=\"_ _bf\"></span>hechos <span class=\"_ _0\"></span>y <span class=\"_ _bf\"></span>circunstancias <span class=\"_ _bf\"></span>actuales, <span class=\"_ _0\"></span>proyec<span class=\"_ _0\"></span>ciones <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>aco<span class=\"_ _0\"></span>nt<span class=\"_ _1\"></span>ecimie<span class=\"_ _0\"></span>ntos <span class=\"_ _bf\"></span>futuros <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>estimacio<span class=\"_ _0\"></span>nes <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>los <span class=\"_ _0\"></span>efec-<span class=\"_ _29d\"> </span>tos <span class=\"_ _1\"></span>financieros <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>dichos <span class=\"_ _1\"></span>acontecimientos<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>(<span class=\"_ _1\"></span>v\u00e9ase nota <span class=\"_ _c4\"></span>16). <span class=\"_ _1\"></span>Adem\u00e1s, la <span class=\"_ _c4\"></span>Socie<span class=\"_ _0\"></span>dad <span class=\"_ _1\"></span>tiene <span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>ormalizada<span class=\"_ _0\"></span>s <span class=\"_ _c4\"></span>p\u00f3liza<span class=\"_ _0\"></span>s de seguros <span class=\"_ _0\"></span>para cubrir la<span class=\"_ _0\"></span>s posibles <span class=\"_ _0\"></span>reclamaciones <span class=\"_ _0\"></span>de terceros que <span class=\"_ _0\"></span>se le pu<span class=\"_ _0\"></span>edan presen<span class=\"_ _0\"></span>tar por el e<span class=\"_ _0\"></span>jercicio de sus actividades.  En <span class=\"_ _0\"></span>aquellos <span class=\"_ _0\"></span>casos en <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>que l<span class=\"_ _0\"></span>as N<span class=\"_ _0\"></span>II<span class=\"_ _1\"></span>F <span class=\"_ _0\"></span>no pe<span class=\"_ _0\"></span>rmiten <span class=\"_ _0\"></span>abordar <span class=\"_ _0\"></span>el tra<span class=\"_ _0\"></span>tamiento c<span class=\"_ _0\"></span>ontable de<span class=\"_ _0\"></span> una<span class=\"_ _0\"></span> determi<span class=\"_ _0\"></span>nada situa-<span class=\"_ _29d\"> </span>ci\u00f3n, <span class=\"_ _c8\"></span>la <span class=\"_ _c8\"></span>Direcci\u00f3n, <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>acuerdo <span class=\"_ _c8\"></span>con <span class=\"_ _c8\"></span>lo <span class=\"_ _c8\"></span>establecido <span class=\"_ _c8\"></span>en <span class=\"_ _c8\"></span>la <span class=\"_ _c8\"></span>NIC <span class=\"_ _c8\"></span>8, <span class=\"_ _c2\"></span>aplica <span class=\"_ _c8\"></span>su <span class=\"_ _c4\"></span>m<span class=\"_ _1\"></span>ejor <span class=\"_ _c8\"></span>juicio <span class=\"_ _c8\"></span>teniendo <span class=\"_ _c8\"></span>en <span class=\"_ _c4\"></span>cuenta <span class=\"_ _c2\"></span>el<span class=\"_ _0\"></span> fondo <span class=\"_ _0\"></span>econ\u00f3mico <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span> l<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>transacci\u00f3<span class=\"_ _0\"></span>n y<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>considerand<span class=\"_ _0\"></span>o lo<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>pronunciamientos<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>m\u00e1s <span class=\"_ _0\"></span>recientes<span class=\"_ _0\"></span> de<span class=\"_ _0\"></span> ot<span class=\"_ _0\"></span>ras <span class=\"_ _0\"></span>instituciones emisoras <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>normas <span class=\"_ _c4\"></span>que <span class=\"_ _c4\"></span>emplean <span class=\"_ _c4\"></span>el <span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>ismo <span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>arco <span class=\"_ _c4\"></span>conceptual <span class=\"_ _1\"></span>que <span class=\"_ _c8\"></span>las <span class=\"_ _1\"></span>NII<span class=\"_ _1\"></span>F. <span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>n <span class=\"_ _c4\"></span>este <span class=\"_ _c4\"></span>sentido, <span class=\"_ _c4\"></span>al <span class=\"_ _c4\"></span>quedar <span class=\"_ _c4\"></span>los cr\u00e9ditos <span class=\"_ _1\"></span>fiscales <span class=\"_ _c4\"></span>por <span class=\"_ _1\"></span>inversiones <span class=\"_ _1\"></span>fuera <span class=\"_ _c4\"></span>del <span class=\"_ _c4\"></span>alcance <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>las <span class=\"_ _1\"></span>NI<span class=\"_ _1\"></span>C<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>12 <span class=\"_ _c4\"></span>y <span class=\"_ _1\"></span>NIC <span class=\"_ _c4\"></span>20, <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>Direcci\u00f3n <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>G<span class=\"_ _1\"></span>rup<span class=\"_ _0\"></span>o, <span class=\"_ _c4\"></span>una <span class=\"_ _c4\"></span>vez analizado<span class=\"_ _0\"></span>s todos los he<span class=\"_ _0\"></span>chos y cir<span class=\"_ _0\"></span>cunstancias de l<span class=\"_ _0\"></span>as mismas, <span class=\"_ _0\"></span>ha consi<span class=\"_ _0\"></span>derado que la<span class=\"_ _0\"></span>s Deducciones<span class=\"_ _0\"></span> por inve<span class=\"_ _0\"></span>r-<span class=\"_ _29d\"> </span>siones en activos fijos en Ca<span class=\"_ _0\"></span>narias concedidas al Grupo<span class=\"_ _0\"></span> por las Administracio<span class=\"_ _0\"></span>nes p\u00fablicas son asimil<span class=\"_ _0\"></span>ables a una subvenci\u00f3n de capita<span class=\"_ _0\"></span>l, t<span class=\"_ _1\"></span>eniendo en cuenta e<span class=\"_ _0\"></span>n estos <span class=\"_ _1\"></span>caso<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>la NIC 20 Subvencio<span class=\"_ _0\"></span>nes del Gobierno (v\u00e9ase nota 4k).   Para <span class=\"_ _c2\"></span>mayor <span class=\"_ _c2\"></span>comprensi\u00f3n <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>las<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>cuentas <span class=\"_ _c2\"></span>anuales <span class=\"_ _c8\"></span>consolidadas <span class=\"_ _c2\"></span>las <span class=\"_ _c2\"></span>diferentes <span class=\"_ _c5\"></span>estimacion<span class=\"_ _0\"></span>es <span class=\"_ _c2\"></span>e <span class=\"_ _c5\"></span>hip\u00f3tesis <span class=\"_ _c2\"></span>se<span class=\"_ _0\"></span> detallan en cada<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>una de<span class=\"_ _0\"></span> las notas.  A <span class=\"_ _c2\"></span>pesar <span class=\"_ _c5\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>que <span class=\"_ _c2\"></span>las <span class=\"_ _c2\"></span>estimaciones <span class=\"_ _c8\"></span>se <span class=\"_ _c5\"></span>han <span class=\"_ _c8\"></span>realizado <span class=\"_ _c2\"></span>en <span class=\"_ _c2\"></span>f<span class=\"_ _1\"></span>unci\u00f3n <span class=\"_ _c8\"></span>de <span class=\"_ _c5\"></span>la <span class=\"_ _c8\"></span>m<span class=\"_ _1\"></span>ejor <span class=\"_ _c2\"></span>informaci\u00f3n <span class=\"_ _c2\"></span>disponible <span class=\"_ _c2\"></span>a <span class=\"_ _c2\"></span>31 <span class=\"_ _c2\"></span>de diciembre <span class=\"_ _1\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>2022 <span class=\"_ _1\"></span>sobre<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>hechos <span class=\"_ _1\"></span>anali<span class=\"_ _0\"></span>zados, <span class=\"_ _1\"></span>es <span class=\"_ _1\"></span>posible<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>acontecimien<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>os que puedan <span class=\"_ _1\"></span>tener lugar <span class=\"_ _1\"></span>en el <span class=\"_ _c4\"></span>futuro <span class=\"_ _c4\"></span>obliguen <span class=\"_ _c4\"></span>a <span class=\"_ _c4\"></span>modificarlas <span class=\"_ _c4\"></span>(al <span class=\"_ _c4\"></span>alza <span class=\"_ _c4\"></span>o <span class=\"_ _c4\"></span>a <span class=\"_ _c4\"></span>la <span class=\"_ _c8\"></span>baja) <span class=\"_ _c4\"></span>en <span class=\"_ _1\"></span>pr<span class=\"_ _1\"></span>\u00f3ximos <span class=\"_ _1\"></span>ejercicios; <span class=\"_ _c4\"></span>lo <span class=\"_ _c4\"></span>que <span class=\"_ _c4\"></span>se <span class=\"_ _c4\"></span>har\u00eda, <span class=\"_ _c4\"></span>conforme <span class=\"_ _c4\"></span>a <span class=\"_ _c4\"></span>lo establecido <span class=\"_ _1\"></span>en <span class=\"_ _c4\"></span>las <span class=\"_ _c4\"></span>NIIF, <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>forma <span class=\"_ _c4\"></span>prospectiva <span class=\"_ _c4\"></span>reconociendo<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>los <span class=\"_ _c4\"></span>efectos <span class=\"_ _1\"></span>del <span class=\"_ _c4\"></span>cambio <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>estimaci\u00f3n <span class=\"_ _1\"></span>en <span class=\"_ _c8\"></span>el <span class=\"_ _c4\"></span>co-<span class=\"_ _29d\"> </span>rrespondiente Estad<span class=\"_ _0\"></span>o Consolidado de resultado<span class=\"_ _0\"></span>s<span class=\"_ _29d\"> </span>.  d) <span class=\"_ _ca\"> </span>Principios de consolid<span class=\"_ _0\"></span>aci\u00f3n  El t<span class=\"_ _1\"></span>ipo de <span class=\"_ _1\"></span>sociedades <span class=\"_ _1\"></span>qu<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>forman <span class=\"_ _1\"></span>parte del <span class=\"_ _1\"></span>per\u00edmetro de <span class=\"_ _1\"></span>consolidaci\u00f3n y <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>m\u00e9todos de <span class=\"_ _1\"></span>consolidaci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _1\"></span>utili-<span class=\"_ _29d\"> </span>zados en cada caso<span class=\"_ _0\"></span> han sido los siguientes:<span class=\"_ _0\"></span>   <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Entidades dependien<span class=\"_ _0\"></span>tes<span class=\"_ _29d\"> </span></span></span><span class=\"ff5 sc0\"><span class=\"ff3 fc1\"></span></span>Se <span class=\"_ _c8\"></span>consideran <span class=\"_ _c4\"></span>entidades <span class=\"_ _c8\"></span>dependientes,<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>aquellas <span class=\"_ _c8\"></span>sobre <span class=\"_ _c4\"></span>las <span class=\"_ _c2\"></span>que <span class=\"_ _c4\"></span>la <span class=\"_ _c8\"></span>Sociedad, <span class=\"_ _c8\"></span>directa <span class=\"_ _c4\"></span>o <span class=\"_ _c8\"></span>indirectamente, <span class=\"_ _c4\"></span>a trav\u00e9s <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>dependientes <span class=\"_ _c8\"></span>ejerce <span class=\"_ _c8\"></span>control. <span class=\"_ _c2\"></span>La <span class=\"_ _c2\"></span>Socieda<span class=\"_ _0\"></span>d <span class=\"_ _c2\"></span>controla <span class=\"_ _c2\"></span>a <span class=\"_ _c8\"></span>una <span class=\"_ _c2\"></span>entidad <span class=\"_ _c8\"></span>dependiente <span class=\"_ _c8\"></span>cuando <span class=\"_ _c8\"></span>por <span class=\"_ _c2\"></span>su implicaci\u00f3n en ella est\u00e1 expuesta, o <span class=\"_ _1\"></span>tiene derecho, a unos rendimientos variables y tiene <span class=\"_ _1\"></span>la capacidad de influir <span class=\"_ _c4\"></span>en <span class=\"_ _c4\"></span>dichos <span class=\"_ _c4\"></span>rendimientos <span class=\"_ _1\"></span>a <span class=\"_ _c4\"></span>trav\u00e9s <span class=\"_ _c8\"></span>del <span class=\"_ _c4\"></span>poder<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>que <span class=\"_ _c4\"></span>ejerce <span class=\"_ _c4\"></span>sobre <span class=\"_ _1\"></span>la <span class=\"_ _c8\"></span>misma. <span class=\"_ _1\"></span>La <span class=\"_ _c8\"></span>Sociedad <span class=\"_ _1\"></span>tiene <span class=\"_ _c8\"></span>el <span class=\"_ _1\"></span>poder cuando <span class=\"_ _c4\"></span>posee <span class=\"_ _c4\"></span>derechos <span class=\"_ _c4\"></span>sustantivos <span class=\"_ _c8\"></span>en <span class=\"_ _c4\"></span>vigor <span class=\"_ _c4\"></span>que <span class=\"_ _c4\"></span>le <span class=\"_ _c8\"></span>proporcionan<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>la <span class=\"_ _c8\"></span>capacidad<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>dirigir <span class=\"_ _c4\"></span>las <span class=\"_ _c8\"></span>actividades<span class=\"_ _0\"></span> relevantes. La<span class=\"_ _0\"></span> Sociedad <span class=\"_ _0\"></span>est\u00e1 expuesta<span class=\"_ _0\"></span>, o tiene<span class=\"_ _0\"></span> derecho, <span class=\"_ _0\"></span>a unos re<span class=\"_ _0\"></span>ndimientos variable<span class=\"_ _0\"></span>s por <span class=\"_ _0\"></span>su implicaci\u00f3<span class=\"_ _0\"></span>n en <span class=\"_ _c8\"></span>la <span class=\"_ _c8\"></span>entidad <span class=\"_ _c8\"></span>dependiente <span class=\"_ _c8\"></span>cuando <span class=\"_ _c8\"></span>los <span class=\"_ _c8\"></span>rendimientos <span class=\"_ _c4\"></span>que <span class=\"_ _c8\"></span>obt<span class=\"_ _1\"></span>iene <span class=\"_ _c4\"></span>por <span class=\"_ _c8\"></span>dicha <span class=\"_ _c8\"></span>implicaci\u00f3n <span class=\"_ _c4\"></span>pueden <span class=\"_ _c8\"></span>variar <span class=\"_ _c8\"></span>en funci\u00f3n de la evolu<span class=\"_ _0\"></span>ci\u00f3n econ\u00f3mica de la entidad<span class=\"_ _0\"></span>.<span class=\"_ _29d\"> </span>Los <span class=\"_ _0\"></span>ingresos<span class=\"_ _0\"></span>, g<span class=\"_ _0\"></span>astos <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>flu<span class=\"_ _0\"></span>jos <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>ef<span class=\"_ _1\"></span>ectivo <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>las <span class=\"_ _0\"></span>entida<span class=\"_ _0\"></span>des <span class=\"_ _0\"></span>dependientes <span class=\"_ _bf\"></span>se in<span class=\"_ _0\"></span>cluyen <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>las <span class=\"_ _bf\"></span>cuentas <span class=\"_ _0\"></span>anuale<span class=\"_ _0\"></span>s consolidad<span class=\"_ _0\"></span>as <span class=\"_ _1\"></span>desde <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>fecha de <span class=\"_ _c4\"></span>adquisici\u00f3<span class=\"_ _0\"></span>n, <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>es <span class=\"_ _1\"></span>aquella, en <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>el Gr<span class=\"_ _1\"></span>upo obtiene <span class=\"_ _1\"></span>efectivamente el control <span class=\"_ _1\"></span>de las <span class=\"_ _1\"></span>mismas. Las entidades <span class=\"_ _1\"></span>dependientes se excluyen <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>la consolidaci\u00f3n desde <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>fecha en <span class=\"_ _1\"></span>la que se ha perdido cont<span class=\"_ _0\"></span>rol.  Las <span class=\"_ _0\"></span>transacciones <span class=\"_ _0\"></span>y sald<span class=\"_ _0\"></span>os mante<span class=\"_ _0\"></span>nidos con<span class=\"_ _0\"></span> empre<span class=\"_ _0\"></span>sas del <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>y los<span class=\"_ _0\"></span> ben<span class=\"_ _0\"></span>eficios o <span class=\"_ _0\"></span>p\u00e9rdida<span class=\"_ _0\"></span>s no <span class=\"_ _0\"></span>realiz<span class=\"_ _0\"></span>ados han <span class=\"_ _c2\"></span>sido <span class=\"_ _c5\"></span>elimina<span class=\"_ _0\"></span>dos <span class=\"_ _c2\"></span>en <span class=\"_ _c2\"></span>el <span class=\"_ _c5\"></span>proceso <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>consolidaci\u00f3n. <span class=\"_ _c2\"></span>No <span class=\"_ _c5\"></span>obstan<span class=\"_ _0\"></span>te, <span class=\"_ _c2\"></span>las <span class=\"_ _c5\"></span>p\u00e9rdid<span class=\"_ _0\"></span>as <span class=\"_ _c5\"></span>no <span class=\"_ _c2\"></span>realizadas <span class=\"_ _c2\"></span>han <span class=\"_ _c2\"></span>sido consideradas como<span class=\"_ _0\"></span> un indicador de deterioro<span class=\"_ _0\"></span> de valor de los activos<span class=\"_ _0\"></span> transmitidos.   <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Acuerdos conjun<span class=\"_ _0\"></span>tos  </span></span>Se <span class=\"_ _c8\"></span>consideran <span class=\"_ _c2\"></span>acuerdos<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>conjuntos <span class=\"_ _c8\"></span>aquellos <span class=\"_ _c2\"></span>en <span class=\"_ _c8\"></span>los <span class=\"_ _c2\"></span>que <span class=\"_ _c2\"></span>existe <span class=\"_ _c8\"></span>un <span class=\"_ _c2\"></span>acuerdo <span class=\"_ _c8\"></span>contractual <span class=\"_ _c8\"></span>para <span class=\"_ _c2\"></span>compartir <span class=\"_ _c2\"></span>el control <span class=\"_ _1\"></span>sobre <span class=\"_ _c4\"></span>una <span class=\"_ _1\"></span>actividad <span class=\"_ _1\"></span>econ\u00f3mica, <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>forma <span class=\"_ _c4\"></span>que <span class=\"_ _1\"></span>las <span class=\"_ _c4\"></span>decisiones <span class=\"_ _1\"></span>sobre <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>actividades <span class=\"_ _1\"></span>relevantes <span class=\"_ _1\"></span>re-<span class=\"_ _29d\"> </span>quieren el consentimiento un\u00e1nime del <span class=\"_ _1\"></span>Grupo y del rest<span class=\"_ _1\"></span>o de part\u00edcipes u operadores. La <span class=\"_ _1\"></span>evaluaci\u00f3n de la existencia <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>control <span class=\"_ _bf\"></span>conjunto se<span class=\"_ _0\"></span> realiz<span class=\"_ _0\"></span>a con<span class=\"_ _0\"></span>siderando <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>definici\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>contro<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>de la<span class=\"_ _0\"></span>s e<span class=\"_ _0\"></span>nt<span class=\"_ _1\"></span>idades<span class=\"_ _0\"></span> de<span class=\"_ _0\"></span>pendien-<span class=\"_ _29d\"> </span>tes.  Para cada<span class=\"_ _0\"></span> acuerdo<span class=\"_ _0\"></span> conjunto el<span class=\"_ _0\"></span> Grupo <span class=\"_ _0\"></span>eval\u00faa todo<span class=\"_ _0\"></span>s los <span class=\"_ _0\"></span>hechos y <span class=\"_ _0\"></span>circunstancias <span class=\"_ _0\"></span>para su <span class=\"_ _0\"></span>clasificaci\u00f3n <span class=\"_ _0\"></span>entre negocio conjunto <span class=\"_ _1\"></span>y operaci\u00f3n <span class=\"_ _1\"></span>conjunta, entre <span class=\"_ _1\"></span>ellos si <span class=\"_ _1\"></span>el acuerdo <span class=\"_ _1\"></span>conjunto otorga <span class=\"_ _1\"></span>derechos y <span class=\"_ _1\"></span>obligacion<span class=\"_ _0\"></span>es sobre los activos y pa<span class=\"_ _0\"></span>sivos.  En <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>operaciones conjuntas <span class=\"_ _1\"></span>existe un <span class=\"_ _1\"></span>acuerdo conjunto <span class=\"_ _1\"></span>mediante el <span class=\"_ _1\"></span>cual <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>partes <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>poseen cont<span class=\"_ _1\"></span>rol<span class=\"_ _0\"></span> conjunto <span class=\"_ _c5\"> </span>t<span class=\"_ _1\"></span>ienen <span class=\"_ _c0\"> </span>derecho<span class=\"_ _0\"></span> <span class=\"_ _c0\"> </span>a <span class=\"_ _c0\"> </span>los <span class=\"_ _c0\"> </span>activos <span class=\"_ _c5\"> </span>y <span class=\"_ _c9\"> </span>obli<span class=\"_ _0\"></span>gaciones <span class=\"_ _c0\"> </span>con <span class=\"_ _c0\"> </span>respecto <span class=\"_ _c0\"> </span>a <span class=\"_ _c5\"> </span>los <span class=\"_ _c0\"> </span>pasivos, <span class=\"_ _c0\"> </span>relacionado<span class=\"_ _0\"></span>s <span class=\"_ _c0\"> </span>con <span class=\"_ _c0\"> </span>el acuerdo. En<span class=\"_ _0\"></span> \u00e9stas, el <span class=\"_ _0\"></span>Grupo reconoce<span class=\"_ _0\"></span> en las<span class=\"_ _0\"></span> cuentas anuale<span class=\"_ _0\"></span>s consolida<span class=\"_ _0\"></span>das, sus ac<span class=\"_ _0\"></span>tivos, incluida <span class=\"_ _0\"></span>su parti-<span class=\"_ _29d\"> </span>cipaci\u00f3n <span class=\"_ _bf\"></span>en <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>activos <span class=\"_ _bf\"></span>controlados <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>forma <span class=\"_ _0\"></span>conjun<span class=\"_ _0\"></span>ta; <span class=\"_ _0\"></span>sus <span class=\"_ _0\"></span>pasivos,<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>incluida <span class=\"_ _bf\"></span>su <span class=\"_ _0\"></span>participaci\u00f3n <span class=\"_ _bf\"></span>en <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>pasivo<span class=\"_ _0\"></span>s en <span class=\"_ _1\"></span>los que haya <span class=\"_ _1\"></span>incurrido conjuntamente con los <span class=\"_ _1\"></span>otros <span class=\"_ _1\"></span>operadores<span class=\"_ _0\"></span>; <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>ingresos<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>obtenidos de <span class=\"_ _1\"></span>la venta de su <span class=\"_ _1\"></span>parte de <span class=\"_ _1\"></span>la producci\u00f3n derivada <span class=\"_ _1\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>operaci\u00f3n conjunta y <span class=\"_ _1\"></span>sus <span class=\"_ _1\"></span>gastos, incluida la <span class=\"_ _1\"></span>parte que <span class=\"_ _1\"></span>le corres-<span class=\"_ _29d\"> </span>ponda de los gastos con<span class=\"_ _0\"></span>juntos.  Negocios <span class=\"_ _bf\"></span>conjuntos <span class=\"_ _0\"></span>son <span class=\"_ _bf\"></span>aquellos <span class=\"_ _0\"></span>acuerdos <span class=\"_ _0\"></span>en <span class=\"_ _bf\"></span>sociedades <span class=\"_ _bf\"></span>sobre <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>que <span class=\"_ _bf\"></span>existe <span class=\"_ _0\"></span>un <span class=\"_ _bf\"></span>acuerdo <span class=\"_ _0\"></span>contract<span class=\"_ _0\"></span>ual <span class=\"_ _0\"></span>con un <span class=\"_ _1\"></span>tercero <span class=\"_ _1\"></span>para <span class=\"_ _1\"></span>compartir el <span class=\"_ _1\"></span>control <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>su <span class=\"_ _1\"></span>actividad, y <span class=\"_ _1\"></span>las <span class=\"_ _c4\"></span>decisiones estrat\u00e9gicas <span class=\"_ _1\"></span>relativas <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>la actividad, tanto <span class=\"_ _c4\"></span>financieras <span class=\"_ _1\"></span>como <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>explotaci\u00f3n, <span class=\"_ _1\"></span>requieren <span class=\"_ _1\"></span>el <span class=\"_ _c4\"></span>consentimiento <span class=\"_ _c4\"></span>un\u00e1nime <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>todos <span class=\"_ _c8\"></span>los <span class=\"_ _c4\"></span>part\u00edcip<span class=\"_ _0\"></span>es <span class=\"_ _c4\"></span>que comparten e<span class=\"_ _0\"></span>l control. <span class=\"_ _0\"></span>Los <span class=\"_ _0\"></span>intereses del <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>empresas controla<span class=\"_ _0\"></span>das con<span class=\"_ _0\"></span>juntamente se <span class=\"_ _0\"></span>contabilizan <span class=\"_ _0\"></span>de acuerdo con la NIIF<span class=\"_ _0\"></span> 11 por el m\u00e9todo de la partici<span class=\"_ _0\"></span>paci\u00f3n.  La <span class=\"_ _0\"></span>adquisici\u00f3n <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>participaci\u00f3n <span class=\"_ _0\"></span>inicial <span class=\"_ _bf\"></span>y posterior <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>operaci\u00f3n <span class=\"_ _0\"></span>conjun<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>a <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>constituye<span class=\"_ _0\"></span> un <span class=\"_ _1\"></span>negocio <span class=\"_ _c4\"></span>se <span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>econoce<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>aplicando <span class=\"_ _1\"></span>los <span class=\"_ _c4\"></span>criterios <span class=\"_ _1\"></span>desarrollados <span class=\"_ _1\"></span>para <span class=\"_ _c4\"></span>las <span class=\"_ _1\"></span>combinacione<span class=\"_ _0\"></span>s <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>negocios <span class=\"_ _1\"></span>por <span class=\"_ _c4\"></span>el porcentaje <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>participa<span class=\"_ _0\"></span>ci\u00f3n <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>posee <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>activos <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>pasivo<span class=\"_ _0\"></span>s ind<span class=\"_ _0\"></span>ividuales. <span class=\"_ _0\"></span>No <span class=\"_ _0\"></span>obstante, <span class=\"_ _0\"></span>en<span class=\"_ _0\"></span> l<span class=\"_ _0\"></span>a ad<span class=\"_ _0\"></span>quisici\u00f3<span class=\"_ _0\"></span>n posterior de <span class=\"_ _0\"></span>una participaci\u00f3n<span class=\"_ _0\"></span> adicional <span class=\"_ _0\"></span>en una operaci\u00f3n co<span class=\"_ _0\"></span>njunta, la <span class=\"_ _0\"></span>participaci\u00f3n previa <span class=\"_ _0\"></span>en los a<span class=\"_ _0\"></span>ctivos y pasivos individu<span class=\"_ _0\"></span>ales no es objeto de revalo<span class=\"_ _0\"></span>rizaci\u00f3n.  En las transaccio<span class=\"_ _0\"></span>nes de venta o aporta<span class=\"_ _0\"></span>ci\u00f3n del Grupo a la<span class=\"_ _0\"></span>s operaciones c<span class=\"_ _0\"></span>onjuntas, s\u00f3lo se recono<span class=\"_ _0\"></span>cen los resultados correspon<span class=\"_ _0\"></span>dientes a la pa<span class=\"_ _0\"></span>rticipaci\u00f3n del res<span class=\"_ _0\"></span>to de operadores, sa<span class=\"_ _0\"></span>lvo que las p\u00e9rdida<span class=\"_ _0\"></span>s pongan de<span class=\"_ _0\"></span> manifiesto una p\u00e9rdid<span class=\"_ _0\"></span>a o deterioro<span class=\"_ _0\"></span> de valor de los ac<span class=\"_ _0\"></span>tivos transmitidos, en cu<span class=\"_ _0\"></span>yo caso, \u00e9stas se<span class=\"_ _0\"></span> reconocen \u00edntegramente. <span class=\"_ _0\"></span> En <span class=\"_ _0\"></span>las transaccio<span class=\"_ _0\"></span>nes de <span class=\"_ _0\"></span>compra <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Grupo, <span class=\"_ _0\"></span>a l<span class=\"_ _0\"></span>as op<span class=\"_ _0\"></span>eraciones con<span class=\"_ _0\"></span>juntas, s<span class=\"_ _0\"></span>\u00f3lo se <span class=\"_ _0\"></span>reconocen <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>resultados<span class=\"_ _0\"></span> cuando <span class=\"_ _c2\"></span>se <span class=\"_ _c2\"></span>vendan <span class=\"_ _c2\"></span>a <span class=\"_ _c2\"></span>t<span class=\"_ _1\"></span>erceros <span class=\"_ _c2\"></span>los <span class=\"_ _c2\"></span>activos <span class=\"_ _c2\"></span>adquiridos, <span class=\"_ _c2\"></span>salvo <span class=\"_ _c2\"></span>que <span class=\"_ _c2\"></span>las <span class=\"_ _c5\"></span>p\u00e9rdidas <span class=\"_ _c8\"></span>pongan <span class=\"_ _c5\"></span>de <span class=\"_ _c8\"></span>manifiesto <span class=\"_ _c5\"></span>una<span class=\"_ _0\"></span> p\u00e9rdida <span class=\"_ _1\"></span>o <span class=\"_ _c4\"></span>deterioro <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>valor <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>los <span class=\"_ _c4\"></span>activos <span class=\"_ _1\"></span>adquiridos, <span class=\"_ _1\"></span>en <span class=\"_ _c4\"></span>cuyo <span class=\"_ _c4\"></span>caso, <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>G<span class=\"_ _1\"></span>rupo <span class=\"_ _1\"></span>reconoce <span class=\"_ _1\"></span>\u00ed<span class=\"_ _1\"></span>ntegramente<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>la parte proporcion<span class=\"_ _0\"></span>al de las p\u00e9rdidas que le corresp<span class=\"_ _0\"></span>onden.   <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Entidades asociadas<span class=\"_ _29d\"> </span><span class=\"_ _0\"></span></span></span>Se <span class=\"_ _0\"></span>consideran en<span class=\"_ _0\"></span>tidades asocia<span class=\"_ _0\"></span>das, aquell<span class=\"_ _0\"></span>as sob<span class=\"_ _0\"></span>re las qu<span class=\"_ _0\"></span>e la <span class=\"_ _0\"></span>Sociedad<span class=\"_ _0\"></span>, directa <span class=\"_ _0\"></span>o indirecta<span class=\"_ _0\"></span>mente a <span class=\"_ _0\"></span>trav\u00e9s<span class=\"_ _0\"></span> de <span class=\"_ _1\"></span>dependientes, <span class=\"_ _1\"></span>ejerce influencia <span class=\"_ _1\"></span>significativa. <span class=\"_ _1\"></span>La <span class=\"_ _1\"></span>influencia <span class=\"_ _1\"></span>significativa<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>es <span class=\"_ _c4\"></span>el <span class=\"_ _1\"></span>poder <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>intervenir<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>en <span class=\"_ _1\"></span>las decisiones <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>pol\u00edtica financie<span class=\"_ _0\"></span>ra y <span class=\"_ _0\"></span>de explotaci\u00f3n<span class=\"_ _0\"></span> de <span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>entidad, sin <span class=\"_ _0\"></span>que s<span class=\"_ _0\"></span>uponga l<span class=\"_ _0\"></span>a existencia <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>control o de control conjunto sobre la misma. En la evalu<span class=\"_ _0\"></span>aci\u00f3n de la existencia de influencia<span class=\"_ _0\"></span> significativa, se con-<span class=\"_ _29d\"> </span>sideran <span class=\"_ _0\"></span>los <span class=\"_ _bf\"></span>derechos <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>voto po<span class=\"_ _0\"></span>tenciales <span class=\"_ _0\"></span>ejercita<span class=\"_ _0\"></span>bles <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>convertib<span class=\"_ _0\"></span>les <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>cha <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>cierre <span class=\"_ _bf\"></span>de cad<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>ejercicio<span class=\"_ _0\"></span>, considerando igualmen<span class=\"_ _0\"></span>te, los derechos de <span class=\"_ _0\"></span>voto potenciales pose\u00edd<span class=\"_ _0\"></span>os por el Grupo o por<span class=\"_ _0\"></span> otra entidad.  Las <span class=\"_ _1\"></span>inversiones en <span class=\"_ _c4\"></span>entidade<span class=\"_ _0\"></span>s <span class=\"_ _c4\"></span>asociadas<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>se <span class=\"_ _1\"></span>registran <span class=\"_ _1\"></span>por <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>m\u00e9todo <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>participaci\u00f3n <span class=\"_ _1\"></span>desde <span class=\"_ _1\"></span>la f<span class=\"_ _1\"></span>echa <span class=\"_ _1\"></span>en<span class=\"_ _0\"></span> la <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>ejerce <span class=\"_ _1\"></span>influencia <span class=\"_ _1\"></span>significativa<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>hasta <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>echa en <span class=\"_ _1\"></span>la <span class=\"_ _c4\"></span>que la <span class=\"_ _1\"></span>Sociedad <span class=\"_ _1\"></span>no <span class=\"_ _1\"></span>puede <span class=\"_ _1\"></span>seguir <span class=\"_ _1\"></span>justificando<span class=\"_ _29d\"> </span>la existencia de<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>la misma<span class=\"_ _0\"></span>. No obstante, si en la fecha de adquisic<span class=\"_ _0\"></span>i\u00f3n, toda o parte de la inve<span class=\"_ _0\"></span>rsi\u00f3n, cumple las condici<span class=\"_ _0\"></span>ones para cla<span class=\"_ _0\"></span>sificarse como<span class=\"_ _0\"></span> activos <span class=\"_ _0\"></span>no corrientes<span class=\"_ _0\"></span> o grupos<span class=\"_ _0\"></span> enaj<span class=\"_ _0\"></span>enables de eleme<span class=\"_ _0\"></span>ntos m<span class=\"_ _0\"></span>anteni-<span class=\"_ _29d\"> </span>dos <span class=\"_ _1\"></span>para <span class=\"_ _1\"></span>la <span class=\"_ _c4\"></span>venta, <span class=\"_ _c4\"></span>se <span class=\"_ _1\"></span>registra <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>valor <span class=\"_ _c4\"></span>razonable,<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>enos <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>costes <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>enajenaci\u00f3n <span class=\"_ _1\"></span>o <span class=\"_ _c4\"></span>disposici\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>por <span class=\"_ _c4\"></span>otra v\u00eda.  Las <span class=\"_ _bf\"></span>inversiones <span class=\"_ _0\"></span>en <span class=\"_ _bf\"></span>entidades <span class=\"_ _bf\"></span>asociadas <span class=\"_ _0\"></span>se <span class=\"_ _bf\"></span>reconocen <span class=\"_ _bf\"></span>inicialmente <span class=\"_ _bf\"></span>por <span class=\"_ _0\"></span>su <span class=\"_ _bf\"></span>coste <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>adquisici\u00f3n, <span class=\"_ _bf\"></span>incluyendo con <span class=\"_ _0\"></span>car\u00e1cter <span class=\"_ _bf\"></span>adicional cu<span class=\"_ _0\"></span>alquier <span class=\"_ _0\"></span>coste <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>rectamente <span class=\"_ _0\"></span>atribuible <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>a ad<span class=\"_ _0\"></span>quisici\u00f3n <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>cualquier <span class=\"_ _bf\"></span>contraprestaci\u00f3n contingente <span class=\"_ _c8\"></span>activa <span class=\"_ _c8\"></span>o <span class=\"_ _c8\"></span>pasiva <span class=\"_ _c8\"></span>que <span class=\"_ _c2\"></span>dependa <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>hechos <span class=\"_ _c4\"></span>futur<span class=\"_ _1\"></span>os <span class=\"_ _c8\"></span>o <span class=\"_ _c8\"></span>del <span class=\"_ _c8\"></span>cumplimiento <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>ciertas <span class=\"_ _c8\"></span>condiciones. Cualquie<span class=\"_ _0\"></span>r exceso <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>coste <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>adquisici\u00f3n <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>respecto <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la pa<span class=\"_ _0\"></span>rte de<span class=\"_ _0\"></span> los<span class=\"_ _0\"></span> val<span class=\"_ _0\"></span>ores <span class=\"_ _0\"></span>razonables <span class=\"_ _0\"></span>de l<span class=\"_ _0\"></span>os activos<span class=\"_ _0\"></span> netos identificables de <span class=\"_ _1\"></span>la empresa asociada atribuibles al Gr<span class=\"_ _1\"></span>upo en la <span class=\"_ _1\"></span>fecha de <span class=\"_ _1\"></span>adquisici\u00f3n, se considera Fondo <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>comercio <span class=\"_ _c2\"></span>y <span class=\"_ _c5\"></span>se <span class=\"_ _c2\"></span>presenta <span class=\"_ _c2\"></span>formando <span class=\"_ _c2\"></span>parte <span class=\"_ _c2\"></span>del <span class=\"_ _c2\"></span>saldo <span class=\"_ _c2\"></span>del <span class=\"_ _c5\"></span>ep\u00edgrafe <span class=\"_ _c8\"></span>de <span class=\"_ _c5\"></span>Inversione<span class=\"_ _0\"></span>s <span class=\"_ _c5\"></span>contabili<span class=\"_ _0\"></span>zadas aplicando el m\u00e9todo de la participaci\u00f3n del Estado de situaci\u00f3n financiera consolida<span class=\"_ _0\"></span>do. <span class=\"_ _1\"></span>Cualquier defecto del coste <span class=\"_ _1\"></span>de adquisici\u00f3n con r<span class=\"_ _1\"></span>especto<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>parte de los <span class=\"_ _1\"></span>valores razonables de <span class=\"_ _1\"></span>los activos netos <span class=\"_ _1\"></span>identifica-<span class=\"_ _29d\"> </span>bles <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>la <span class=\"_ _c8\"></span>empresa <span class=\"_ _c4\"></span>asociada <span class=\"_ _c8\"></span>que <span class=\"_ _c8\"></span>posee <span class=\"_ _c4\"></span>el <span class=\"_ _c8\"></span>Grupo <span class=\"_ _c8\"></span>en <span class=\"_ _c8\"></span>la <span class=\"_ _c4\"></span>fecha <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>adquisi<span class=\"_ _0\"></span>ci\u00f3n <span class=\"_ _c8\"></span>(es <span class=\"_ _c8\"></span>decir, <span class=\"_ _c8\"></span>descuento <span class=\"_ _c4\"></span>en <span class=\"_ _c8\"></span>la adquisici\u00f3n<span class=\"_ _0\"></span>) se <span class=\"_ _1\"></span>reconoce<span class=\"_ _0\"></span> en resultados en el per\u00edod<span class=\"_ _0\"></span>o de adquisici\u00f3n.  El <span class=\"_ _0\"></span>Grupo <span class=\"_ _bf\"></span>clasifica <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>resul<span class=\"_ _0\"></span>tado <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>est<span class=\"_ _1\"></span>as <span class=\"_ _bf\"></span>sociedades <span class=\"_ _0\"></span>dentro <span class=\"_ _bf\"></span>del <span class=\"_ _0\"></span>resultado <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>explotaci\u00f3n <span class=\"_ _0\"></span>cuando <span class=\"_ _bf\"></span>la a<span class=\"_ _0\"></span>ctividad de <span class=\"_ _1\"></span>la <span class=\"_ _c4\"></span>entidad <span class=\"_ _1\"></span>es <span class=\"_ _c4\"></span>an\u00e1loga<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>a <span class=\"_ _c4\"></span>las <span class=\"_ _1\"></span>actividades <span class=\"_ _1\"></span>operativas <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>Grupo. <span class=\"_ _c4\"></span>Por<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>el <span class=\"_ _c4\"></span>contrario, <span class=\"_ _1\"></span>cuando <span class=\"_ _1\"></span>la <span class=\"_ _c4\"></span>actividad <span class=\"_ _1\"></span>de estas sociedades es<span class=\"_ _0\"></span> distinta, se clasifica fuera del<span class=\"_ _0\"></span> resultado de explotaci\u00f3<span class=\"_ _0\"></span>n.   En <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>Anexo <span class=\"_ _1\"></span>I <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>muestra <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>detalle <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>sociedades <span class=\"_ _1\"></span>dependientes<span class=\"_ _0\"></span>, <span class=\"_ _1\"></span>acuerdos <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>negocios <span class=\"_ _1\"></span>conjuntos y <span class=\"_ _c4\"></span>em-<span class=\"_ _29d\"> </span>presas asociadas <span class=\"_ _0\"></span>de la So<span class=\"_ _0\"></span>ciedad as\u00ed como<span class=\"_ _0\"></span> el m\u00e9todo de <span class=\"_ _0\"></span>consolidaci\u00f3n <span class=\"_ _0\"></span>o valoraci\u00f3n que <span class=\"_ _0\"></span>se ha aplicad<span class=\"_ _0\"></span>o para la preparaci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>de las cu<span class=\"_ _0\"></span>entas anuales consolida<span class=\"_ _0\"></span>das adjuntas y otra infor<span class=\"_ _0\"></span>maci\u00f3n referente a las<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>mismas. <span class=\"_ _0\"></span> Los <span class=\"_ _c8\"></span>Estados <span class=\"_ _c4\"></span>f<span class=\"_ _1\"></span>inancie<span class=\"_ _0\"></span>ros <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>las <span class=\"_ _c8\"></span>entidades <span class=\"_ _c4\"></span>dependientes, <span class=\"_ _c4\"></span>de <span class=\"_ _c2\"></span>acuerdos<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>conjuntos, <span class=\"_ _c8\"></span>negocios <span class=\"_ _c4\"></span>conjuntos <span class=\"_ _c8\"></span>y <span class=\"_ _c8\"></span>em-<span class=\"_ _29d\"> </span>presas <span class=\"_ _c2\"></span>asociadas <span class=\"_ _c8\"></span>utilizados <span class=\"_ _c2\"></span>en <span class=\"_ _c2\"></span>el <span class=\"_ _c2\"></span>proceso <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>consolidaci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _c2\"></span>son <span class=\"_ _c2\"></span>r<span class=\"_ _1\"></span>elativos <span class=\"_ _c8\"></span>a <span class=\"_ _c5\"></span>una <span class=\"_ _c8\"></span>f<span class=\"_ _1\"></span>echa <span class=\"_ _c8\"></span>y <span class=\"_ _c5\"></span>a <span class=\"_ _c2\"></span>un <span class=\"_ _c2\"></span>periodo<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>que coincide con los de<span class=\"_ _0\"></span> la Sociedad matriz.  La <span class=\"_ _bf\"></span>consolidaci\u00f3n <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>las <span class=\"_ _bf\"></span>operaciones <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>la <span class=\"_ _bf\"></span>Socieda<span class=\"_ _0\"></span>d <span class=\"_ _bf\"></span>y <span class=\"_ _0\"></span>las<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>socie<span class=\"_ _0\"></span>dades <span class=\"_ _bf\"></span>dependientes <span class=\"_ _bf\"></span>se <span class=\"_ _bf\"></span>ha <span class=\"_ _bf\"></span>efectuado <span class=\"_ _bf\"></span>siguie<span class=\"_ _0\"></span>ndo los siguientes pri<span class=\"_ _0\"></span>ncipios b\u00e1sicos:   <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Los principio<span class=\"_ _0\"></span>s y criterios <span class=\"_ _0\"></span>contables u<span class=\"_ _0\"></span>tilizados por l<span class=\"_ _0\"></span>as empresas<span class=\"_ _0\"></span> del Grupo <span class=\"_ _0\"></span>han sido <span class=\"_ _0\"></span>homogeneizados co<span class=\"_ _0\"></span>n </span></span>los principios y criterio<span class=\"_ _0\"></span>s contables aplicados po<span class=\"_ _0\"></span>r la Sociedad matriz<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>   <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">La conversi\u00f3n de nego<span class=\"_ _0\"></span>cios en el extranjero: <span class=\"_ _0\"></span> </span></span>o<span class=\"ff5\"> <span class=\"_ _cd\"> </span><span class=\"ff3 fc1\">Los <span class=\"_ _1\"></span>estados f<span class=\"_ _1\"></span>inancie<span class=\"_ _0\"></span>ros de <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>sociedades <span class=\"_ _1\"></span>extranjeras se <span class=\"_ _1\"></span>han r<span class=\"_ _1\"></span>ealizado aplicand<span class=\"_ _0\"></span>o <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>m\u00e9todo <span class=\"_ _1\"></span>del </span></span>tipo <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>cambio <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>cierre para <span class=\"_ _c4\"></span>los <span class=\"_ _1\"></span>activos <span class=\"_ _1\"></span>y <span class=\"_ _c4\"></span>pasivos, <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>tipo <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>cambio <span class=\"_ _1\"></span>medio <span class=\"_ _1\"></span>para <span class=\"_ _c4\"></span>los <span class=\"_ _1\"></span>ingresos y gastos y el tipo de<span class=\"_ _0\"></span> cambio hist\u00f3rico para Capital y<span class=\"_ _0\"></span> Reservas.  o<span class=\"ff5\"> <span class=\"_ _cd\"> </span><span class=\"ff3 fc1\">Las <span class=\"_ _c8\"></span>diferencias <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>cambio <span class=\"_ _c8\"></span>r<span class=\"_ _1\"></span>esultantes<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>de <span class=\"_ _c8\"></span>la <span class=\"_ _c8\"></span>aplicaci\u00f3n <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>los <span class=\"_ _c2\"></span>criterios <span class=\"_ _c8\"></span>anteriores<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>se <span class=\"_ _c8\"></span>reconocen </span></span>como diferencias<span class=\"_ _0\"></span> de conversi\u00f3n en Otro resultad<span class=\"_ _0\"></span>o global.  o<span class=\"ff5\"> <span class=\"_ _cd\"> </span><span class=\"ff3 fc1\">Este <span class=\"_ _c2\"></span>m<span class=\"_ _1\"></span>ismo <span class=\"_ _c2\"></span>criterio <span class=\"_ _c2\"></span>es <span class=\"_ _c5\"></span>apli<span class=\"_ _0\"></span>cable <span class=\"_ _c2\"></span>a <span class=\"_ _c5\"></span>la <span class=\"_ _c2\"></span>conversi\u00f3n <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>los <span class=\"_ _c2\"></span>estados <span class=\"_ _c5\"></span>financiero<span class=\"_ _0\"></span>s <span class=\"_ _c5\"></span>de <span class=\"_ _c2\"></span>las <span class=\"_ _c5\"></span>sociedad<span class=\"_ _0\"></span>es </span></span>contabilizadas por <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>m\u00e9todo de <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>participaci\u00f3n, reconociendo las <span class=\"_ _1\"></span>diferencias de <span class=\"_ _c4\"></span>conversi\u00f3n co-<span class=\"_ _29d\"> </span>rrespondientes a la<span class=\"_ _0\"></span> participaci\u00f3n del Grupo en Ot<span class=\"_ _0\"></span>ro resultado global.   <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Todos los <span class=\"_ _0\"></span>saldos y transa<span class=\"_ _0\"></span>cciones entre las <span class=\"_ _0\"></span>sociedades conso<span class=\"_ _0\"></span>lidadas por integraci\u00f3<span class=\"_ _0\"></span>n global se <span class=\"_ _0\"></span>han eli<span class=\"_ _0\"></span>mi-<span class=\"_ _29d\"> </span></span></span>nado en el proceso de<span class=\"_ _0\"></span> consolidaci\u00f3n.   <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Los <span class=\"_ _bf\"></span>m\u00e1rgenes <span class=\"_ _bf\"></span>incluidos <span class=\"_ _bf\"></span>en <span class=\"_ _bf\"></span>la <span class=\"_ _bf\"></span>facturaci\u00f3n <span class=\"_ _bf\"></span>entre <span class=\"_ _bf\"></span>sociedades <span class=\"_ _bf\"></span>del <span class=\"_ _bf\"></span>Grupo <span class=\"_ _bf\"></span>por <span class=\"_ _bf\"></span>bienes <span class=\"_ _bf\"></span>o <span class=\"_ _bf\"></span>servicios <span class=\"_ _bf\"></span>capitalizable<span class=\"_ _0\"></span>s </span></span>se han eliminado en el <span class=\"_ _0\"></span>momento de reali<span class=\"_ _0\"></span>zarse <span class=\"_ _1\"></span>la <span class=\"_ _0\"></span>operaci\u00f3n. e) <span class=\"_ _c7\"> </span>Participaciones no dominante<span class=\"_ _0\"></span>s<span class=\"ff3 fc1\">  </span>Para <span class=\"_ _c2\"></span>cada <span class=\"_ _c8\"></span>combinaci\u00f3n <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>negocios, <span class=\"_ _c2\"></span>el <span class=\"_ _c2\"></span>Grupo <span class=\"_ _c8\"></span>valora <span class=\"_ _c2\"></span>en <span class=\"_ _c8\"></span>la <span class=\"_ _c2\"></span>f<span class=\"_ _1\"></span>echa <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>adquisi<span class=\"_ _0\"></span>ci\u00f3n, <span class=\"_ _c2\"></span>los <span class=\"_ _c2\"></span>componentes <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>las participaciones <span class=\"_ _0\"></span>no <span class=\"_ _0\"></span>domina<span class=\"_ _0\"></span>ntes en<span class=\"_ _0\"></span> la <span class=\"_ _0\"></span>entidad<span class=\"_ _0\"></span> adquiri<span class=\"_ _0\"></span>da que <span class=\"_ _0\"></span>constituyen<span class=\"_ _0\"></span> parti<span class=\"_ _0\"></span>cipaciones <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>propiedad <span class=\"_ _0\"></span>actuales<span class=\"_ _0\"></span> y <span class=\"_ _1\"></span>otorguen <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>sus <span class=\"_ _1\"></span>tenedores <span class=\"_ _1\"></span>derecho a <span class=\"_ _1\"></span>una <span class=\"_ _1\"></span>parte <span class=\"_ _1\"></span>proporcional <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>activos <span class=\"_ _1\"></span>netos <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>entidad en <span class=\"_ _c4\"></span>caso<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>de liquida<span class=\"_ _0\"></span>ci\u00f3n, bien por:<span class=\"_ _0\"></span> (a) <span class=\"_ _0\"></span>el valor ra<span class=\"_ _0\"></span>zonable; <span class=\"_ _0\"></span>bien por <span class=\"_ _0\"></span>(b) la<span class=\"_ _0\"></span> parte propo<span class=\"_ _0\"></span>rcional q<span class=\"_ _0\"></span>ue los in<span class=\"_ _0\"></span>strumentos d<span class=\"_ _0\"></span>e propie<span class=\"_ _0\"></span>-<span class=\"_ _29d\"> </span>dad actuale<span class=\"_ _0\"></span>s represen<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>en<span class=\"_ _0\"></span> en los <span class=\"_ _0\"></span>importes <span class=\"_ _0\"></span>reconocidos de<span class=\"_ _0\"></span> los ac<span class=\"_ _0\"></span>tivos netos <span class=\"_ _0\"></span>identificables d<span class=\"_ _0\"></span>e la a<span class=\"_ _0\"></span>dquirida. Las<span class=\"_ _0\"></span> participaciones no domina<span class=\"_ _0\"></span>ntes se presentan en el Patrimonio neto consolidado de forma sepa<span class=\"_ _0\"></span>rada del Patri-<span class=\"_ _29d\"> </span>monio <span class=\"_ _c9\"> </span>a<span class=\"_ _0\"></span>tribuido <span class=\"_ _c9\"> </span>a <span class=\"_ _c0\"> </span>los <span class=\"_ _c0\"> </span>accionistas <span class=\"_ _c0\"> </span>de <span class=\"_ _c9\"> </span>la <span class=\"_ _c0\"> </span>Sociedad. <span class=\"_ _c0\"> </span>Las <span class=\"_ _c9\"> </span>participa<span class=\"_ _0\"></span>ciones <span class=\"_ _c0\"> </span>no <span class=\"_ _c9\"> </span>dominan<span class=\"_ _0\"></span>tes <span class=\"_ _c9\"> </span>en <span class=\"_ _c0\"> </span>los <span class=\"_ _c0\"> </span>Resultados<span class=\"_ _29d\"> </span>consolidad<span class=\"_ _0\"></span>os <span class=\"_ _c8\"></span>del <span class=\"_ _1\"></span>ej<span class=\"_ _1\"></span>ercicio<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>y <span class=\"_ _c8\"></span>en <span class=\"_ _1\"></span>el <span class=\"_ _c4\"></span>Estado <span class=\"_ _1\"></span>consolidado <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>resultados <span class=\"_ _c4\"></span>glob<span class=\"_ _0\"></span>al <span class=\"_ _c4\"></span>del <span class=\"_ _c4\"></span>ejercicio <span class=\"_ _1\"></span>se <span class=\"_ _c4\"></span>presentan <span class=\"_ _c4\"></span>igual-<span class=\"_ _29d\"> </span>mente de forma separad<span class=\"_ _0\"></span>a.  Las <span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>ansaccione<span class=\"_ _0\"></span>s <span class=\"_ _c4\"></span>con <span class=\"_ _c4\"></span>participaciones <span class=\"_ _1\"></span>no <span class=\"_ _c4\"></span>dominantes <span class=\"_ _1\"></span>se <span class=\"_ _c4\"></span>registran <span class=\"_ _1\"></span>como <span class=\"_ _c4\"></span>transacciones <span class=\"_ _1\"></span>con <span class=\"_ _c4\"></span>los <span class=\"_ _c4\"></span>prop<span class=\"_ _0\"></span>ietarios del <span class=\"_ _1\"></span>P<span class=\"_ _1\"></span>atrimonio <span class=\"_ _1\"></span>del <span class=\"_ _c4\"></span>Grupo. <span class=\"_ _c4\"></span>Por <span class=\"_ _c4\"></span>ello, <span class=\"_ _c4\"></span>en <span class=\"_ _c8\"></span>las <span class=\"_ _1\"></span>compras <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>participacion<span class=\"_ _0\"></span>es <span class=\"_ _c4\"></span>no <span class=\"_ _c4\"></span>dominantes, <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>diferencia <span class=\"_ _1\"></span>entre <span class=\"_ _c8\"></span>la contraprestaci\u00f3n <span class=\"_ _c4\"></span>abonada <span class=\"_ _c8\"></span>y <span class=\"_ _c2\"></span>la <span class=\"_ _c8\"></span>correspondiente <span class=\"_ _c8\"></span>proporci\u00f3n <span class=\"_ _c8\"></span>del <span class=\"_ _c8\"></span>importe <span class=\"_ _c8\"></span>en <span class=\"_ _c2\"></span>libros <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>los <span class=\"_ _c8\"></span>activos <span class=\"_ _c8\"></span>netos <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>la dependiente se regis<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>ra en el Patrimonio neto. D<span class=\"_ _0\"></span>e la misma forma las ganancias o p\u00e9rdidas por enajenaci\u00f3n<span class=\"_ _0\"></span> de participacion<span class=\"_ _0\"></span>es no dominantes se reconocen<span class=\"_ _0\"></span> igualmente en el Patrimo<span class=\"_ _0\"></span>nio neto del Grupo. f) <span class=\"_ _59\"> </span>Comparabilidad de <span class=\"_ _0\"></span>la informaci\u00f3n<span class=\"ff3 fc1\">  </span>Las <span class=\"_ _c8\"></span>cuentas <span class=\"_ _c4\"></span>anuales <span class=\"_ _c8\"></span>consoli<span class=\"_ _0\"></span>dadas <span class=\"_ _c8\"></span>se <span class=\"_ _c8\"></span>presentan <span class=\"_ _c4\"></span>a <span class=\"_ _c8\"></span>efectos <span class=\"_ _c8\"></span>comparativos<span class=\"_ _0\"></span>, <span class=\"_ _c8\"></span>con <span class=\"_ _c8\"></span>cada <span class=\"_ _c8\"></span>una <span class=\"_ _c8\"></span>de <span class=\"_ _c4\"></span>las <span class=\"_ _c8\"></span>partidas <span class=\"_ _c4\"></span>del Estado de si<span class=\"_ _0\"></span>tuaci\u00f3n financiera consolid<span class=\"_ _0\"></span>ado, de la Cuenta<span class=\"_ _0\"></span> de resultados con<span class=\"_ _0\"></span>solidada, del Estado<span class=\"_ _0\"></span> consolidado de <span class=\"_ _c8\"></span>resultados <span class=\"_ _c8\"></span>global, <span class=\"_ _c4\"></span>del <span class=\"_ _c8\"></span>Estado <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>cambios <span class=\"_ _c8\"></span>en <span class=\"_ _c4\"></span>el <span class=\"_ _c8\"></span>Patri<span class=\"_ _1\"></span>monio<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>Neto <span class=\"_ _c8\"></span>consolidado <span class=\"_ _c4\"></span>y <span class=\"_ _c2\"></span>del <span class=\"_ _c8\"></span>Estado <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>Flujos <span class=\"_ _c8\"></span>de<span class=\"_ _0\"></span> Efectivo consolida<span class=\"_ _0\"></span>do, adem\u00e1s de las cifras del e<span class=\"_ _0\"></span>jercicio corriente, las corr<span class=\"_ _0\"></span>espondientes al ejercici<span class=\"_ _0\"></span>o anterior.  g) <span class=\"_ _ca\"> </span>Variaciones en el per\u00ed<span class=\"_ _0\"></span>metro de consolidaci\u00f3n<span class=\"ff3 fc1\">  </span>Durante el ejercici<span class=\"_ _0\"></span>o 2022 se han produci<span class=\"_ _0\"></span>do las siguientes variacio<span class=\"_ _0\"></span>nes en el per\u00edmetro de consolid<span class=\"_ _0\"></span>aci\u00f3n:   <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Con <span class=\"_ _c5\"></span>fecha <span class=\"_ _c2\"></span>31 <span class=\"_ _c5\"></span>de <span class=\"_ _c5\"></span>enero <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>2022, <span class=\"_ _c2\"></span>se <span class=\"_ _c5\"></span>ha <span class=\"_ _c5\"></span>hecho <span class=\"_ _c2\"></span>efectiva <span class=\"_ _c5\"></span>la <span class=\"_ _c5\"></span>adquisi<span class=\"_ _0\"></span>ci\u00f3n <span class=\"_ _c5\"></span>de <span class=\"_ _c2\"></span>la <span class=\"_ _c5\"></span>totalidad <span class=\"_ _c5\"></span>de <span class=\"_ _c2\"></span>las <span class=\"_ _c5\"></span>accion<span class=\"_ _0\"></span>es </span></span>ordinarias no<span class=\"_ _0\"></span>minativas y<span class=\"_ _0\"></span> representativas<span class=\"_ _0\"></span> del 1<span class=\"_ _0\"></span>00% del<span class=\"_ _0\"></span> capital <span class=\"_ _0\"></span>social de <span class=\"_ _0\"></span>Rialma <span class=\"_ _0\"></span>Transmissora<span class=\"_ _0\"></span> de E<span class=\"_ _0\"></span>nergia III <span class=\"_ _0\"></span>S.A. <span class=\"_ _bf\"></span>(\u201cRialma <span class=\"_ _bf\"></span>III\u201d), <span class=\"_ _0\"></span>la <span class=\"_ _bf\"></span>cual <span class=\"_ _bf\"></span>cambi\u00f3 <span class=\"_ _0\"></span>en <span class=\"_ _bf\"></span>la <span class=\"_ _bf\"></span>m<span class=\"_ _1\"></span>isma <span class=\"_ _bf\"></span>fecha <span class=\"_ _bf\"></span>su <span class=\"_ _0\"></span>raz\u00f3n <span class=\"_ _bf\"></span>social <span class=\"_ _bf\"></span>a <span class=\"_ _0\"></span>\u201cArgo <span class=\"_ _bf\"></span>IV <span class=\"_ _0\"></span>Trans<span class=\"_ _0\"></span>miss\u00e3o <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>Energia<span class=\"_ _0\"></span> S.A.\u201d. Esta <span class=\"_ _1\"></span>adquisici\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _1\"></span>se ha r<span class=\"_ _1\"></span>ealizado<span class=\"_ _0\"></span>, <span class=\"_ _1\"></span>tras el <span class=\"_ _1\"></span>cumplimien<span class=\"_ _0\"></span>to <span class=\"_ _1\"></span>de las condiciones suspensivas y <span class=\"_ _1\"></span>la obten-<span class=\"_ _29d\"> </span>ci\u00f3n <span class=\"_ _c5\"></span>de <span class=\"_ _c5\"></span>las <span class=\"_ _c5\"></span>aproba<span class=\"_ _0\"></span>ciones <span class=\"_ _c5\"></span>que <span class=\"_ _c5\"></span>se <span class=\"_ _c5\"></span>establecieron <span class=\"_ _c2\"></span>en <span class=\"_ _c5\"></span>el <span class=\"_ _c5\"> </span>contrato <span class=\"_ _c5\"></span>que <span class=\"_ _c5\"></span>Argo<span class=\"_ _0\"></span> <span class=\"_ _c5\"> </span>Energia <span class=\"_ _c5\"> </span>Empreendimen<span class=\"_ _0\"></span>tos <span class=\"_ _c5\"> </span>e Participa\u00e7\u00f5es <span class=\"_ _1\"></span>S.A. <span class=\"_ _c4\"></span>(\u201cArgo\u201d), <span class=\"_ _1\"></span>sociedad <span class=\"_ _1\"></span>participada al <span class=\"_ _c4\"></span>50% <span class=\"_ _c4\"></span>por <span class=\"_ _1\"></span>Red <span class=\"_ _c4\"></span>Electric<span class=\"_ _0\"></span>a <span class=\"_ _c4\"></span>Brasil, <span class=\"_ _1\"></span>suscribi\u00f3 <span class=\"_ _1\"></span>con <span class=\"_ _c4\"></span>Rialma Administra\u00e7\u00e3o e Pa<span class=\"_ _0\"></span>rticipa\u00e7\u00f5es S.A., el 3 de novie<span class=\"_ _0\"></span>mbre de 2021.   <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">El <span class=\"_ _c2\"></span>29 <span class=\"_ _c5\"></span>de <span class=\"_ _c8\"></span>j<span class=\"_ _1\"></span>unio <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>2022,<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>tras <span class=\"_ _c2\"></span>las <span class=\"_ _c2\"></span>pertinentes <span class=\"_ _c2\"></span>aprobaciones, <span class=\"_ _c2\"></span>se <span class=\"_ _c2\"></span>ha <span class=\"_ _c2\"></span>m<span class=\"_ _1\"></span>ateri<span class=\"_ _0\"></span>alizado <span class=\"_ _c2\"></span>la <span class=\"_ _c5\"></span>transmisi\u00f3n <span class=\"_ _c8\"></span>de <span class=\"_ _c5\"></span>una </span></span>participaci\u00f3n <span class=\"_ _bf\"></span>minoritaria <span class=\"_ _bf\"></span>del <span class=\"_ _0\"></span>49% <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>Red <span class=\"_ _0\"></span>El\u00e9ctrica<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>Infraestructuras<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>Telecomunicaci\u00f3n, <span class=\"_ _0\"></span>S.A.U <span class=\"_ _bf\"></span>(Reintel)<span class=\"_ _0\"></span>, seg\u00fan <span class=\"_ _c4\"></span>el <span class=\"_ _c8\"></span>acuerdo <span class=\"_ _1\"></span>suscr<span class=\"_ _1\"></span>ito <span class=\"_ _c4\"></span>entre <span class=\"_ _c4\"></span>Red <span class=\"_ _c4\"></span>El\u00e9ctrica <span class=\"_ _c4\"></span>Corporaci\u00f3n, <span class=\"_ _c4\"></span>S.A. <span class=\"_ _c4\"></span>y <span class=\"_ _c8\"></span>Kohlberg <span class=\"_ _c4\"></span>Kravis <span class=\"_ _c4\"></span>Roberts <span class=\"_ _c4\"></span>&amp; <span class=\"_ _c8\"></span>Co. <span class=\"_ _c4\"></span>L.P.<span class=\"_ _0\"></span> (KKR, en adelan<span class=\"_ _0\"></span>te) a trav\u00e9s de su<span class=\"_ _0\"></span> filial Rudolp<span class=\"_ _0\"></span>h Bidco S.\u00c0.R.L, el<span class=\"_ _0\"></span> 16 de dicie<span class=\"_ _0\"></span>mbre de 2021. Despu<span class=\"_ _0\"></span>\u00e9s de esta <span class=\"_ _0\"></span>operaci\u00f3n,<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>Redeia<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>mantiene<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>control <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>eintel, <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>una<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>participaci\u00f3n <span class=\"_ _bf\"></span>del <span class=\"_ _0\"></span>51%, <span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>lo <span class=\"_ _bf\"></span>que <span class=\"_ _0\"></span>contin\u00faa<span class=\"_ _0\"></span> consolid\u00e1n<span class=\"_ _0\"></span>dose <span class=\"_ _0\"></span>como <span class=\"_ _bf\"></span>entidad <span class=\"_ _bf\"></span>dependiente, <span class=\"_ _0\"></span>regis<span class=\"_ _0\"></span>tr\u00e1ndose <span class=\"_ _bf\"></span>una <span class=\"_ _bf\"></span>var<span class=\"_ _1\"></span>iaci\u00f3n <span class=\"_ _bf\"></span>en <span class=\"_ _bf\"></span>el <span class=\"_ _0\"></span>per\u00edmetro <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>consoli<span class=\"_ _0\"></span>daci\u00f3n a partir de esta fecha.<span class=\"_ _0\"></span>  Esta transacci\u00f3n<span class=\"_ _0\"></span> no gen<span class=\"_ _0\"></span>era impacto en<span class=\"_ _0\"></span> la cuenta <span class=\"_ _0\"></span>de Resultados C<span class=\"_ _0\"></span>onsolidada <span class=\"_ _0\"></span>por tratarse de<span class=\"_ _0\"></span> la venta d<span class=\"_ _0\"></span>e un <span class=\"_ _1\"></span>por<span class=\"_ _1\"></span>centaje minoritario <span class=\"_ _c4\"></span>manteniendo <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>Grupo <span class=\"_ _1\"></span>el <span class=\"_ _c4\"></span>control <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>la <span class=\"_ _1\"></span>Sociedad. <span class=\"_ _1\"></span>El <span class=\"_ _c4\"></span>impacto <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>esta <span class=\"_ _1\"></span>venta <span class=\"_ _c4\"></span>ha<span class=\"_ _0\"></span> supuesto <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>aumento <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>Patrimonio <span class=\"_ _c4\"></span>Neto atribuido <span class=\"_ _1\"></span>a <span class=\"_ _c4\"></span>la <span class=\"_ _1\"></span>Sociedad <span class=\"_ _1\"></span>dominante <span class=\"_ _1\"></span>en <span class=\"_ _c4\"></span>el <span class=\"_ _1\"></span>ep\u00edgrafe <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>Otras reservas <span class=\"_ _c2\"></span>por <span class=\"_ _c2\"></span>importe <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>920,8 <span class=\"_ _c5\"></span>millones <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>eu<span class=\"_ _0\"></span>ros <span class=\"_ _c2\"></span>(ver <span class=\"_ _c5\"></span>nota <span class=\"_ _c2\"></span>14.b), <span class=\"_ _c2\"></span>as\u00ed <span class=\"_ _c2\"></span>como <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>las <span class=\"_ _c2\"></span>Participacione<span class=\"_ _0\"></span>s <span class=\"_ _c5\"></span>no dominantes por impo<span class=\"_ _0\"></span>rte de 34,9 millones de<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>euros (ver nota<span class=\"_ _0\"></span> 14.c).   <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Con <span class=\"_ _1\"></span>fecha <span class=\"_ _c4\"></span>9 <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>agosto <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>2022, <span class=\"_ _c4\"></span>tras <span class=\"_ _1\"></span>las <span class=\"_ _c4\"></span>pertinente<span class=\"_ _0\"></span>s <span class=\"_ _c4\"></span>aprobaciones, <span class=\"_ _1\"></span>Hispasat, <span class=\"_ _1\"></span>S.A. <span class=\"_ _c4\"></span>ha <span class=\"_ _1\"></span>hecho <span class=\"_ _1\"></span>ef<span class=\"_ _1\"></span>ectiva <span class=\"_ _1\"></span>la </span></span>adquisici\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>la <span class=\"_ _bf\"></span>totalidad <span class=\"_ _bf\"></span>del <span class=\"_ _bf\"></span>100% <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>las <span class=\"_ _bf\"></span>participaciones <span class=\"_ _bf\"></span>sociales <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>Axes<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>Netwo<span class=\"_ _0\"></span>rks <span class=\"_ _0\"></span>So<span class=\"_ _0\"></span>lutions <span class=\"_ _bf\"></span>Holding, S.L. <span class=\"_ _c8\"></span>(\u201cAxess\u201d). <span class=\"_ _c4\"></span>Redeia <span class=\"_ _c8\"></span>posee <span class=\"_ _c4\"></span>el <span class=\"_ _c8\"></span>89,68% <span class=\"_ _c8\"></span>del <span class=\"_ _c4\"></span>Grupo <span class=\"_ _c8\"></span>Hispasat, <span class=\"_ _c4\"></span>y <span class=\"_ _c8\"></span>por <span class=\"_ _c8\"></span>tanto <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>estas <span class=\"_ _c8\"></span>participacion<span class=\"_ _0\"></span>es <span class=\"_ _c8\"></span>y <span class=\"_ _c8\"></span>de sus subsidiarias. El subg<span class=\"_ _0\"></span>rupo Axess se consolid<span class=\"_ _0\"></span>a por Integraci\u00f3n <span class=\"_ _0\"></span>G<span class=\"_ _1\"></span>lobal.  <span class=\"_ _0\"></span>  <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Asimismo, <span class=\"_ _1\"></span>con fecha <span class=\"_ _1\"></span>7 <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>octubre <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>2022, Axess <span class=\"_ _1\"></span>Net<span class=\"_ _1\"></span>works<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>Solutions, <span class=\"_ _1\"></span>S.L.U. <span class=\"_ _1\"></span>ha <span class=\"_ _1\"></span>adquirido <span class=\"_ _1\"></span>al socio <span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>i-<span class=\"_ _29d\"> </span></span></span>noritario <span class=\"_ _c9\"> </span>el <span class=\"_ _c0\"> </span>40% <span class=\"_ _c9\"> </span>del <span class=\"_ _c0\"> </span>capital <span class=\"_ _c9\"> </span>social <span class=\"_ _c0\"> </span>de <span class=\"_ _c9\"> </span>Axess <span class=\"_ _c0\"> </span>Networks <span class=\"_ _c9\"> </span>Solutions <span class=\"_ _c9\"> </span>Chil<span class=\"_ _0\"></span>e, <span class=\"_ _c9\"> </span>S.A. <span class=\"_ _c9\"> </span>(sociedad<span class=\"_ _0\"></span> <span class=\"_ _c9\"> </span>del <span class=\"_ _c0\"> </span>subgrupo Axess). Esta <span class=\"_ _c4\"></span>operaci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _1\"></span>no <span class=\"_ _1\"></span>ha <span class=\"_ _1\"></span>supuesto cambio <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>el m<span class=\"_ _1\"></span>\u00e9todo <span class=\"_ _1\"></span>de integraci\u00f3n, que <span class=\"_ _1\"></span>sigue <span class=\"_ _1\"></span>consolid\u00e1ndose<span class=\"_ _0\"></span> por integraci\u00f3n global. <span class=\"_ _0\"></span>  <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Con fecha 30 de noviem<span class=\"_ _0\"></span>bre <span class=\"_ _1\"></span>de 2022, se ha hecho efectiva la adquisi<span class=\"_ _0\"></span>ci\u00f3n de la totalidad de las accione<span class=\"_ _0\"></span>s </span></span>ordinarias <span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>minativas <span class=\"_ _0\"></span>y <span class=\"_ _bf\"></span>representativas <span class=\"_ _0\"></span>del <span class=\"_ _bf\"></span>100% <span class=\"_ _0\"></span>del <span class=\"_ _bf\"></span>capital <span class=\"_ _0\"></span>social <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>cinco <span class=\"_ _bf\"></span>concesiones <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>transmisi\u00f3n<span class=\"_ _0\"></span> el\u00e9ctrica (\u201cAr<span class=\"_ _1\"></span>go V, <span class=\"_ _1\"></span>VI, <span class=\"_ _1\"></span>VII, VIII <span class=\"_ _1\"></span>y IX\u201d) a <span class=\"_ _1\"></span>Brasil Energ\u00eda <span class=\"_ _1\"></span>FIP. Esta <span class=\"_ _1\"></span>inversi\u00f3n se <span class=\"_ _1\"></span>ha <span class=\"_ _1\"></span>llevado a <span class=\"_ _1\"></span>cabo <span class=\"_ _1\"></span>mediant<span class=\"_ _0\"></span>e la <span class=\"_ _c8\"></span>inversi\u00f3n <span class=\"_ _c4\"></span>conj<span class=\"_ _1\"></span>unta <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>Argo <span class=\"_ _c8\"></span>Energ\u00eda <span class=\"_ _c8\"></span>(62,5%) <span class=\"_ _c8\"></span>y <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>Grupo <span class=\"_ _c2\"></span>de <span class=\"_ _c8\"></span>Energ\u00eda <span class=\"_ _c8\"></span>Bogot\u00e1 <span class=\"_ _c8\"></span>(GEB) <span class=\"_ _c8\"></span>(37,5%) <span class=\"_ _c8\"></span>bajo <span class=\"_ _c8\"></span>un modelo de cogobernanz<span class=\"_ _0\"></span>a entre Redeia y GEB.<span class=\"_ _29d\"> </span> <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">El 13 de diciembre de 202<span class=\"_ _0\"></span>2 ha t<span class=\"_ _1\"></span>enido luga<span class=\"_ _0\"></span>r la fusi\u00f3n por absorci\u00f3n de Axe<span class=\"_ _0\"></span>ss Networks Solutions, S<span class=\"_ _0\"></span>.L.U. </span></span>y Axess Networks Solu<span class=\"_ _0\"></span>tions Holding, S.L. quedan<span class=\"_ _0\"></span>do disuelta y extinguida<span class=\"_ _0\"></span> esta \u00faltima.   <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Por <span class=\"_ _1\"></span>\u00faltimo, <span class=\"_ _c4\"></span>con <span class=\"_ _c4\"></span>fecha <span class=\"_ _c4\"></span>21 <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>diciembre <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>2022, <span class=\"_ _1\"></span>Hispasat, <span class=\"_ _c4\"></span>S.A., <span class=\"_ _c4\"></span>sociedad <span class=\"_ _1\"></span>participada <span class=\"_ _1\"></span>por <span class=\"_ _c4\"></span>Redeia <span class=\"_ _1\"></span>en <span class=\"_ _c4\"></span>un </span></span>89,68%, <span class=\"_ _1\"></span>ha <span class=\"_ _1\"></span>adquirido un <span class=\"_ _1\"></span>10,85% <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>capital <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>Grupo <span class=\"_ _1\"></span>Sylvestris, <span class=\"_ _1\"></span>S.L en <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>mantiene <span class=\"_ _1\"></span>influencia <span class=\"_ _1\"></span>sig-<span class=\"_ _29d\"> </span>nificativa y por tanto,<span class=\"_ _0\"></span> consolida por el m\u00e9todo de<span class=\"_ _0\"></span> la participaci\u00f3n (ver nota 1<span class=\"_ _0\"></span>1).   <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Durante el <span class=\"_ _1\"></span>ejercicio 2022 la <span class=\"_ _1\"></span>Sociedad, a <span class=\"_ _1\"></span>trav\u00e9s de <span class=\"_ _1\"></span>su sociedad Red <span class=\"_ _1\"></span>El\u00e9ctrica y <span class=\"_ _1\"></span>de Telecomunicacione<span class=\"_ _0\"></span>s, </span></span>Innovaci\u00f3n y<span class=\"_ _0\"></span> Tecnolog\u00eda, <span class=\"_ _0\"></span>S.A.U. (Elewi<span class=\"_ _0\"></span>t), adquiri\u00f3 <span class=\"_ _0\"></span>un 13,07<span class=\"_ _0\"></span>% del capita<span class=\"_ _0\"></span>l de<span class=\"_ _0\"></span> la Sociedad <span class=\"_ _0\"></span>OKTO G<span class=\"_ _0\"></span>rid ApS y <span class=\"_ _c2\"></span>la <span class=\"_ _c5\"></span>incorpor\u00f3<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>a <span class=\"_ _c5\"></span>su <span class=\"_ _c2\"></span>per\u00edmetro <span class=\"_ _c2\"></span>debido <span class=\"_ _c2\"></span>a <span class=\"_ _c2\"></span>la <span class=\"_ _c2\"></span>inf<span class=\"_ _1\"></span>luen<span class=\"_ _0\"></span>cia <span class=\"_ _c2\"></span>significativa <span class=\"_ _c2\"></span>que <span class=\"_ _c5\"></span>ejerce<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>en <span class=\"_ _c2\"></span>ella. <span class=\"_ _c2\"></span>Esta <span class=\"_ _c2\"></span>sociedad <span class=\"_ _c2\"></span>se integra <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>Estados Financieros <span class=\"_ _1\"></span>del G<span class=\"_ _1\"></span>rupo mediante <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>m\u00e9todo <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>la participaci\u00f3n. <span class=\"_ _1\"></span>Asimismo, tras <span class=\"_ _1\"></span>la p\u00e9rdida de<span class=\"_ _0\"></span> la in<span class=\"_ _0\"></span>fluencia s<span class=\"_ _0\"></span>ignificativa en<span class=\"_ _0\"></span> Zeleros <span class=\"_ _0\"></span>Global, <span class=\"_ _0\"></span>S.L. la<span class=\"_ _0\"></span> Sociedad ha<span class=\"_ _0\"></span> dado <span class=\"_ _0\"></span>de baja<span class=\"_ _0\"></span> dicha pa<span class=\"_ _0\"></span>rticipa-<span class=\"_ _29d\"> </span>ci\u00f3n pasa<span class=\"_ _0\"></span>ndo a ser regist<span class=\"_ _0\"></span>rada en el ep\u00edgra<span class=\"_ _0\"></span>fe del Bala<span class=\"_ _0\"></span>nce Consoli<span class=\"_ _0\"></span>dado adjunto como un a<span class=\"_ _0\"></span>ctivo financiero<span class=\"_ _0\"></span> a valor razonable con ca<span class=\"_ _0\"></span>mbios en resultados (ver n<span class=\"_ _0\"></span>ota 11).  Durante <span class=\"_ _c9\"> </span>el <span class=\"_ _c0\"> </span>ejercicio <span class=\"_ _c0\"> </span>2021 <span class=\"_ _c9\"> </span>se <span class=\"_ _c0\"> </span>produjeron <span class=\"_ _c0\"> </span>las <span class=\"_ _c9\"> </span>siguientes <span class=\"_ _c0\"> </span>variaciones <span class=\"_ _c9\"> </span>en <span class=\"_ _c5\"> </span>el <span class=\"_ _c9\"> </span>per\u00edmetro <span class=\"_ _c9\"> </span>de<span class=\"_ _0\"></span> <span class=\"_ _c9\"> </span>consolidaci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _c9\"> </span>del Grupo:   <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Con <span class=\"_ _c2\"></span>fecha <span class=\"_ _c5\"></span>15 <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>enero <span class=\"_ _c8\"></span>de <span class=\"_ _c5\"></span>2021 <span class=\"_ _c2\"></span>se <span class=\"_ _c2\"></span>constituy\u00f3 <span class=\"_ _c5\"></span>la <span class=\"_ _c8\"></span>Sociedad <span class=\"_ _c5\"></span>peruana <span class=\"_ _c2\"></span>\u201cHispasat <span class=\"_ _c2\"></span>Per\u00fa <span class=\"_ _c2\"></span>S.A.C\u201d. <span class=\"_ _c5\"></span>El <span class=\"_ _c2\"></span>objeto </span></span>social principal <span class=\"_ _1\"></span>es la <span class=\"_ _1\"></span>prestaci\u00f3n de <span class=\"_ _1\"></span>servicios<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>de telecomunicaci\u00f3n. Esta <span class=\"_ _1\"></span>Socieda<span class=\"_ _0\"></span>d <span class=\"_ _1\"></span>es <span class=\"_ _1\"></span>propiedad al 100% de <span class=\"_ _1\"></span>Hispasat<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>S.A. <span class=\"_ _1\"></span>y se <span class=\"_ _1\"></span>integra mediante el m\u00e9t<span class=\"_ _1\"></span>odo de integraci\u00f3n global. <span class=\"_ _1\"></span>Con fecha 1 <span class=\"_ _1\"></span>de m<span class=\"_ _1\"></span>ayo de 2021, Hispasat P<span class=\"_ _0\"></span>er\u00fa llev\u00f3 <span class=\"_ _0\"></span>a ca<span class=\"_ _0\"></span>bo la<span class=\"_ _0\"></span> adquisi<span class=\"_ _0\"></span>ci\u00f3n de <span class=\"_ _0\"></span>una seri<span class=\"_ _0\"></span>e de <span class=\"_ _0\"></span>activos para<span class=\"_ _0\"></span> la <span class=\"_ _0\"></span>gesti\u00f3n <span class=\"_ _0\"></span>y transporte <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>se\u00f1ales de video en Latinoam\u00e9<span class=\"_ _0\"></span>rica.    <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Durante el <span class=\"_ _1\"></span>ejercicio 2021 la <span class=\"_ _1\"></span>Sociedad, a <span class=\"_ _1\"></span>trav\u00e9s de <span class=\"_ _1\"></span>su sociedad Red <span class=\"_ _1\"></span>El\u00e9ctrica y <span class=\"_ _1\"></span>de Telecomunicacione<span class=\"_ _0\"></span>s, </span></span>Innovaci\u00f3n <span class=\"_ _c4\"></span>y <span class=\"_ _c4\"></span>Tecnolog\u00eda, <span class=\"_ _c4\"></span>S.A.U. <span class=\"_ _c4\"></span>(Elewit), <span class=\"_ _c4\"></span>incorpor\u00f3 <span class=\"_ _1\"></span>a <span class=\"_ _c8\"></span>su <span class=\"_ _c4\"></span>per\u00edmetro <span class=\"_ _c4\"></span>las <span class=\"_ _c4\"></span>Sociedades <span class=\"_ _c4\"></span>Nearby <span class=\"_ _c4\"></span>Computing<span class=\"_ _0\"></span>, S.L, <span class=\"_ _c8\"></span>Zeleros <span class=\"_ _c8\"></span>Global, <span class=\"_ _c8\"></span>S.L., <span class=\"_ _c2\"></span>Hybrid <span class=\"_ _c8\"></span>Energy <span class=\"_ _c8\"></span>Storage <span class=\"_ _c8\"></span>Solutions, <span class=\"_ _c8\"></span>S.L. <span class=\"_ _c8\"></span>y <span class=\"_ _c8\"></span>Aerolaser <span class=\"_ _c8\"></span>System, <span class=\"_ _c8\"></span>S.L. <span class=\"_ _c2\"></span>debido <span class=\"_ _c8\"></span>a <span class=\"_ _c8\"></span>la influencia <span class=\"_ _1\"></span>significativa <span class=\"_ _1\"></span>que ej<span class=\"_ _1\"></span>erce <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>todas ellas. <span class=\"_ _c4\"></span>Estas <span class=\"_ _1\"></span>sociedades se <span class=\"_ _c4\"></span>integraron <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>Estados <span class=\"_ _1\"></span>Finan-<span class=\"_ _29d\"> </span>cieros del Grupo med<span class=\"_ _0\"></span>iante el m\u00e9todo de la partici<span class=\"_ _0\"></span>paci\u00f3n.   <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Con fecha <span class=\"_ _c4\"></span>28 de <span class=\"_ _c4\"></span>diciembre de <span class=\"_ _1\"></span>2021, <span class=\"_ _1\"></span>Hispasa<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>, <span class=\"_ _1\"></span>S.A. e <span class=\"_ _1\"></span>Hispasat <span class=\"_ _1\"></span>Brasil, <span class=\"_ _1\"></span>Ltda. adquirieron <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>socio minori-<span class=\"_ _29d\"> </span></span></span>tario <span class=\"_ _1\"></span>de la <span class=\"_ _1\"></span>sociedad Hispamar Sat\u00e9lites, <span class=\"_ _1\"></span>S.A. la <span class=\"_ _1\"></span>totalidad de <span class=\"_ _1\"></span>su participaci\u00f3n (19,04%). <span class=\"_ _1\"></span>De este m<span class=\"_ _1\"></span>odo el Grupo <span class=\"_ _c4\"></span>Hispasat <span class=\"_ _c4\"></span>pas\u00f3 <span class=\"_ _c4\"></span>a <span class=\"_ _c4\"></span>ser <span class=\"_ _c8\"></span>el <span class=\"_ _c8\"></span>\u00fanico <span class=\"_ _c4\"></span>accionista <span class=\"_ _1\"></span>tanto <span class=\"_ _c8\"></span>de <span class=\"_ _c4\"></span>la <span class=\"_ _c8\"></span>sociedad <span class=\"_ _c4\"></span>adquirid<span class=\"_ _0\"></span>a <span class=\"_ _c8\"></span>Hispamar <span class=\"_ _c4\"></span>Sat\u00e9lites,<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>S.A. como <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>su <span class=\"_ _bf\"></span>sociedad <span class=\"_ _bf\"></span>participada <span class=\"_ _bf\"></span>Hispamar <span class=\"_ _bf\"></span>Exterior, <span class=\"_ _bf\"></span>S.L.U. <span class=\"_ _bf\"></span>Tras <span class=\"_ _bf\"></span>esta <span class=\"_ _bf\"></span>adquisici\u00f3n, <span class=\"_ _bf\"></span>el <span class=\"_ _bf\"></span>Grupo <span class=\"_ _bf\"></span>pas\u00f3 <span class=\"_ _bf\"></span>a <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>oseer el <span class=\"_ _bf\"></span>89,68% <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>ambas <span class=\"_ _0\"></span>socie<span class=\"_ _0\"></span>dades. <span class=\"_ _0\"></span>La <span class=\"_ _bf\"></span>operaci\u00f3n <span class=\"_ _bf\"></span>no <span class=\"_ _0\"></span>tiene <span class=\"_ _bf\"></span>impacto <span class=\"_ _0\"></span>en <span class=\"_ _bf\"></span>el <span class=\"_ _0\"></span>m\u00e9<span class=\"_ _0\"></span>todo <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>consolidaci\u00f3n <span class=\"_ _bf\"></span>que <span class=\"_ _0\"></span>sigue<span class=\"_ _0\"></span> integr\u00e1ndose por el<span class=\"_ _0\"></span> m\u00e9todo de integraci\u00f3n glo<span class=\"_ _0\"></span>bal.  Asimismo, <span class=\"_ _0\"></span>en 2<span class=\"_ _0\"></span>021 e<span class=\"_ _0\"></span>l Gru<span class=\"_ _0\"></span>po lleg<span class=\"_ _0\"></span>\u00f3 a <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>siguientes <span class=\"_ _0\"></span>acuerdos, <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>cuales <span class=\"_ _0\"></span>estaban <span class=\"_ _0\"></span>pendientes <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>perfeccion<span class=\"_ _0\"></span>ar:<span class=\"ff6 fsd fc0\">  </span> <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Con fecha 3 de noviembre de 2021<span class=\"_ _0\"></span>, <span class=\"_ _1\"></span>Argo<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>Energi<span class=\"_ _0\"></span>a Empreendimentos e Participa<span class=\"_ _0\"></span>\u00e7\u00f5es S.A. (Argo), socie-<span class=\"_ _29d\"> </span></span></span>dad <span class=\"_ _bf\"></span>participada <span class=\"_ _bf\"></span>al <span class=\"_ _bf\"></span>50% <span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>Red <span class=\"_ _bf\"></span>El\u00e9ctrica <span class=\"_ _bf\"></span>Brasil, <span class=\"_ _bf\"></span>suscribi<span class=\"_ _0\"></span>\u00f3 <span class=\"_ _0\"></span>con <span class=\"_ _bf\"></span>Rialma <span class=\"_ _bf\"></span>Administra\u00e7\u00e3o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>e <span class=\"_ _bf\"></span>Participa\u00e7\u00f5es<span class=\"_ _0\"></span> <span class=\"_ _bf\"></span>S.A., un <span class=\"_ _c4\"></span>Contrato <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>Comprave<span class=\"_ _0\"></span>nta <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>Acciones, <span class=\"_ _c4\"></span>sujeto <span class=\"_ _c8\"></span>al <span class=\"_ _c4\"></span>cumplimiento <span class=\"_ _c8\"></span>de <span class=\"_ _c4\"></span>determinadas <span class=\"_ _c4\"></span>condiciones <span class=\"_ _c4\"></span>y <span class=\"_ _c8\"></span>a <span class=\"_ _c8\"></span>la aprobaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>autoridades <span class=\"_ _0\"></span>regulad<span class=\"_ _0\"></span>oras pa<span class=\"_ _0\"></span>ra la<span class=\"_ _0\"></span> adqu<span class=\"_ _0\"></span>isici\u00f3n, <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>las a<span class=\"_ _0\"></span>cciones <span class=\"_ _0\"></span>representativas <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>100<span class=\"_ _0\"></span>% del capital social de <span class=\"_ _1\"></span>Rialma Trans<span class=\"_ _0\"></span>missora de Energ\u00ed<span class=\"_ _1\"></span>a III S.A. Esta sociedad se integrar\u00e1 en <span class=\"_ _1\"></span>los Estado<span class=\"_ _0\"></span>s Financieros del Grupo<span class=\"_ _0\"></span> mediante el m\u00e9todo de la p<span class=\"_ _0\"></span>articipaci\u00f3n a trav\u00e9s de la<span class=\"_ _0\"></span> participaci\u00f3n de Argo. 3<span class=\"ff3\"> <span class=\"_ _ce\"> </span></span>Regulaci\u00f3<span class=\"_ _1\"></span>n sectorial <span class=\"_ _1\"></span> a) <span class=\"_ _c7\"> </span>Sector el\u00e9ctrico en Espa<span class=\"_ _0\"></span>\u00f1a<span class=\"ff3 fc1\"> </span>La <span class=\"_ _1\"></span>Ley <span class=\"_ _c4\"></span>54/1997,<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>27 <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>noviembre, <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>Sector El\u00e9ctrico, <span class=\"_ _c4\"></span>supuso <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>inicio <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>proceso <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>liberalizaci\u00f3n <span class=\"_ _1\"></span>del sector el\u00e9ctrico <span class=\"_ _0\"></span>en Espa\u00f1a. Esta Ley<span class=\"_ _0\"></span> procedi\u00f3 <span class=\"_ _0\"></span>a la desin<span class=\"_ _0\"></span>tegraci\u00f3n vertical <span class=\"_ _0\"></span>de las distin<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>as activida<span class=\"_ _0\"></span>des, segre-<span class=\"_ _29d\"> </span>gando <span class=\"_ _c4\"></span>las <span class=\"_ _c4\"></span>actividades <span class=\"_ _1\"></span>en <span class=\"_ _c4\"></span>r\u00e9gimen <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>monopolio <span class=\"_ _1\"></span>natural, <span class=\"_ _c4\"></span>transporte <span class=\"_ _c4\"></span>y <span class=\"_ _c4\"></span>distribuci\u00f3n,<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>de <span class=\"_ _c4\"></span>aqu\u00e9llas <span class=\"_ _1\"></span>otras <span class=\"_ _c4\"></span>que <span class=\"_ _c4\"></span>se desarrollan en r\u00e9gimen<span class=\"_ _0\"></span> de libre competencia<span class=\"_ _0\"></span>, generaci\u00f3n y comercial<span class=\"_ _0\"></span>izaci\u00f3n.   En <span class=\"_ _c2\"></span>el <span class=\"_ _c2\"></span>a\u00f1o <span class=\"_ _c8\"></span>2013 <span class=\"_ _c2\"></span>se <span class=\"_ _c2\"></span>inici\u00f3 <span class=\"_ _c2\"></span>un <span class=\"_ _c8\"></span>proceso <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>reformas <span class=\"_ _c8\"></span>derivado <span class=\"_ _c2\"></span>del <span class=\"_ _c2\"></span>desequili<span class=\"_ _0\"></span>brio <span class=\"_ _c2\"></span>existente <span class=\"_ _c8\"></span>entre <span class=\"_ _c2\"></span>los <span class=\"_ _c2\"></span>ingresos <span class=\"_ _c8\"></span>y costes <span class=\"_ _bf\"></span>del <span class=\"_ _bf\"></span>sistema <span class=\"_ _bf\"></span>el\u00e9ctrico <span class=\"_ _bf\"></span>en <span class=\"_ _bf\"></span>l<span class=\"_ _1\"></span>os <span class=\"_ _bf\"></span>a\u00f1os <span class=\"_ _bf\"></span>previos <span class=\"_ _bf\"></span>que <span class=\"_ _bf\"></span>culmin\u00f3 <span class=\"_ _bf\"></span>con <span class=\"_ _bf\"></span>la <span class=\"_ _bf\"></span>publicaci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>la <span class=\"_ _bf\"></span>Ley <span class=\"_ _bf\"></span>24/2013 <span class=\"_ _bf\"></span>(en <span class=\"_ _bf\"></span>adelante la <span class=\"_ _cf\"> </span>Ley) <span class=\"_ _cf\"> </span>de  2<span class=\"_ _0\"></span>6  d<span class=\"_ _0\"></span>e <span class=\"_ _cf\"> </span>diciembre, <span class=\"_ _cf\"> </span>del <span class=\"_ _cf\"> </span>Secto<span class=\"_ _0\"></span>r  El\u00e9c<span class=\"_ _0\"></span>trico.  Cab<span class=\"_ _0\"></span>e <span class=\"_ _cf\"> </span>se\u00f1alar <span class=\"_ _cf\"> </span>que <span class=\"_ _cf\"> </span>e<span class=\"_ _0\"></span>sta  Ley <span class=\"_ _cf\"> </span>se<span class=\"_ _0\"></span>  ha<span class=\"_ _0\"></span>  ido<span class=\"_ _0\"></span>  ac<span class=\"_ _0\"></span>tualizando posteriormente <span class=\"_ _c4\"></span>e <span class=\"_ _c4\"></span>incorpora <span class=\"_ _c4\"></span>parcialmente <span class=\"_ _c4\"></span>al <span class=\"_ _c4\"></span>ordenamiento <span class=\"_ _c4\"></span>jur\u00eddico <span class=\"_ _c4\"></span>espa\u00f1ol, <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>Directiva <span class=\"_ _c4\"></span>2019/<span class=\"_ _1\"></span>944 <span class=\"_ _c4\"></span>del <span class=\"_ _c4\"></span>Parla-<span class=\"_ _29d\"> </span>mento <span class=\"_ _1\"></span>Europeo <span class=\"_ _c4\"></span>y <span class=\"_ _1\"></span>del <span class=\"_ _c4\"></span>Consejo <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>5 <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>j<span class=\"_ _1\"></span>unio <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>2019 <span class=\"_ _c4\"></span>sobre <span class=\"_ _1\"></span>normas <span class=\"_ _c4\"></span>comune<span class=\"_ _0\"></span>s <span class=\"_ _c4\"></span>para <span class=\"_ _c4\"></span>el <span class=\"_ _c4\"></span>mercado <span class=\"_ _1\"></span>interior <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>la electricidad y por la<span class=\"_ _0\"></span> que se modifica la Directiva 2<span class=\"_ _0\"></span>012/27/UE.  La Ley establece para<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>las activid<span class=\"_ _0\"></span>ades que desarroll<span class=\"_ _0\"></span>a la Sociedad el siguiente marco<span class=\"_ _0\"></span> regulatorio:   <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Para la actividad<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>de Transp<span class=\"_ _0\"></span>orte, la Ley reconoce <span class=\"_ _0\"></span>a Red El\u00e9ctrica como tra<span class=\"_ _0\"></span>nsportista \u00fanico.  </span></span>La <span class=\"_ _1\"></span>retribuci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>est<span class=\"_ _1\"></span>a actividad <span class=\"_ _1\"></span>se <span class=\"_ _c4\"></span>fija <span class=\"_ _1\"></span>administrativamente, at<span class=\"_ _1\"></span>endiendo <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>principios gener<span class=\"_ _1\"></span>ales esta-<span class=\"_ _29d\"> </span>blecidos <span class=\"_ _0\"></span>en la<span class=\"_ _0\"></span> propia <span class=\"_ _0\"></span>Ley y <span class=\"_ _0\"></span>con un<span class=\"_ _0\"></span>a metodolog\u00eda <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>se encuen<span class=\"_ _0\"></span>tra desarrol<span class=\"_ _0\"></span>lada <span class=\"_ _0\"></span>fundamentalmente <span class=\"_ _0\"></span>en la<span class=\"_ _0\"></span> Circular <span class=\"_ _0\"></span>5/2019, <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>Comisi<span class=\"_ _0\"></span>\u00f3n Nacio<span class=\"_ _0\"></span>nal <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>Mercados <span class=\"_ _0\"></span>y la<span class=\"_ _0\"></span> Co<span class=\"_ _0\"></span>mpetencia <span class=\"_ _0\"></span>(CNMC), <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>5 <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>dici<span class=\"_ _0\"></span>embre, para el c\u00e1lculo de la <span class=\"_ _0\"></span>retribuci\u00f3n de la actividad<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>transporte de<span class=\"_ _0\"></span> energ\u00eda el\u00e9ctrica.  Adem\u00e1s <span class=\"_ _0\"></span>para <span class=\"_ _0\"></span>el <span class=\"_ _bf\"></span>actual <span class=\"_ _0\"></span>period<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>regulatorio <span class=\"_ _0\"></span>(2020-2<span class=\"_ _0\"></span>025) <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>establecieron<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>otros <span class=\"_ _0\"></span>par\u00e1metros <span class=\"_ _bf\"></span>retributivos <span class=\"_ _0\"></span>del<span class=\"_ _0\"></span> nuevo m<span class=\"_ _1\"></span>odelo: La <span class=\"_ _1\"></span>Circular 2/2019 <span class=\"_ _1\"></span>por la <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>se establece <span class=\"_ _1\"></span>la m<span class=\"_ _1\"></span>etodolog\u00eda de <span class=\"_ _1\"></span>c\u00e1lculo <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>la tasa <span class=\"_ _1\"></span>de retri-<span class=\"_ _29d\"> </span>buci\u00f3n <span class=\"_ _c8\"></span>financiera <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>las <span class=\"_ _c8\"></span>actividades <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>t<span class=\"_ _1\"></span>ransport<span class=\"_ _0\"></span>e <span class=\"_ _c2\"></span>y <span class=\"_ _c2\"></span>distribuci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>energ\u00eda <span class=\"_ _c8\"></span>el\u00e9ctrica, <span class=\"_ _c8\"></span>y <span class=\"_ _c8\"></span>regasificaci\u00f3n, transporte <span class=\"_ _c8\"></span>y <span class=\"_ _c4\"></span>distribuci\u00f3n <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>gas <span class=\"_ _c8\"></span>natural, <span class=\"_ _c4\"></span>y <span class=\"_ _c8\"></span>la <span class=\"_ _c8\"></span>Circular <span class=\"_ _c8\"></span>7/2019, <span class=\"_ _c4\"></span>por <span class=\"_ _c8\"></span>la <span class=\"_ _c8\"></span>que <span class=\"_ _c4\"></span>se <span class=\"_ _c8\"></span>aprueban <span class=\"_ _c4\"></span>las <span class=\"_ _c8\"></span>instalaciones<span class=\"_ _0\"></span> tipo <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>valores<span class=\"_ _0\"></span> u<span class=\"_ _0\"></span>nitarios <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>referencia<span class=\"_ _0\"></span> de<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>operaci\u00f3n <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>mantenimi<span class=\"_ _0\"></span>ento p<span class=\"_ _0\"></span>or <span class=\"_ _0\"></span>elemento <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>inmo<span class=\"_ _0\"></span>vilizado <span class=\"_ _0\"></span>que<span class=\"_ _0\"></span> se <span class=\"_ _1\"></span>emplear\u00e1n<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>el c\u00e1lculo de <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>retribuci\u00f3n de <span class=\"_ _1\"></span>las empresas titulares <span class=\"_ _1\"></span>de instalaciones de <span class=\"_ _1\"></span>transporte de energ\u00eda el\u00e9c<span class=\"_ _0\"></span>trica. En<span class=\"_ _0\"></span> dicha <span class=\"_ _0\"></span>Circular <span class=\"_ _0\"></span>se estableci\u00f3<span class=\"_ _0\"></span>, adem\u00e1s, <span class=\"_ _0\"></span>respecto <span class=\"_ _0\"></span>a los <span class=\"_ _0\"></span>valo<span class=\"_ _0\"></span>res unitarios d<span class=\"_ _0\"></span>e refe<span class=\"_ _0\"></span>rencia de <span class=\"_ _c4\"></span>inversi\u00f3n, <span class=\"_ _c4\"></span>que <span class=\"_ _c4\"></span>quedaban <span class=\"_ _1\"></span>prorrogados <span class=\"_ _c4\"></span>para <span class=\"_ _c4\"></span>el <span class=\"_ _c4\"></span>periodo <span class=\"_ _c4\"></span>2020-2025 <span class=\"_ _c4\"></span>los <span class=\"_ _c4\"></span>valores <span class=\"_ _c4\"></span>vigentes <span class=\"_ _1\"></span>en <span class=\"_ _c8\"></span>el <span class=\"_ _c4\"></span>anterior periodo regulatorio,<span class=\"_ _0\"></span> que fueron establecid<span class=\"_ _0\"></span>os mediante la Orden IET/2659/<span class=\"_ _0\"></span>2015.  Los <span class=\"_ _1\"></span>ingresos regulados de <span class=\"_ _1\"></span>la actividad <span class=\"_ _1\"></span>de transporte, <span class=\"_ _1\"></span>para<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>primer a\u00f1o de <span class=\"_ _c4\"></span>aplicaci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>Real Decreto 1047/2013, <span class=\"_ _1\"></span>es decir, <span class=\"_ _1\"></span>para 2016,<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>fueron fijados <span class=\"_ _1\"></span>con car\u00e1cter <span class=\"_ _1\"></span>definitivo en <span class=\"_ _c4\"></span>la Or<span class=\"_ _1\"></span>den IET/981/2016. Poste-<span class=\"_ _29d\"> </span>riormente, <span class=\"_ _1\"></span>entre <span class=\"_ _1\"></span>2017 <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>2022, <span class=\"_ _c4\"></span>los <span class=\"_ _1\"></span>ingresos <span class=\"_ _1\"></span>regulados <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>ueron <span class=\"_ _1\"></span>fijando <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>car\u00e1cter <span class=\"_ _1\"></span>provisional, <span class=\"_ _1\"></span>prorro-<span class=\"_ _29d\"> </span>gando el importe de la<span class=\"_ _0\"></span> retribuci\u00f3n del a\u00f1o 2016 <span class=\"_ _0\"></span>y estableciendo liquid<span class=\"_ _0\"></span>aciones a cuenta.  La causa <span class=\"_ _1\"></span>de esta provisionali<span class=\"_ _0\"></span>dad <span class=\"_ _1\"></span>se debe <span class=\"_ _1\"></span>a un \u201cprocedimiento de lesividad\u201d, que fue <span class=\"_ _1\"></span>abierto por la Abo-<span class=\"_ _29d\"> </span>gac\u00eda <span class=\"_ _c2\"></span>del <span class=\"_ _c2\"></span>Estado <span class=\"_ _c2\"></span>contra <span class=\"_ _c2\"></span>la <span class=\"_ _c2\"></span>O<span class=\"_ _1\"></span>rden <span class=\"_ _c8\"></span>I<span class=\"_ _1\"></span>ET/981/2016<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>al <span class=\"_ _c5\"></span>objeto<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>de <span class=\"_ _c2\"></span>que <span class=\"_ _c2\"></span>el <span class=\"_ _c2\"></span>Tribunal <span class=\"_ _c2\"></span>Supremo <span class=\"_ _c2\"></span>(TS) <span class=\"_ _c5\"></span>decl<span class=\"_ _0\"></span>arase nulos <span class=\"_ _c4\"></span>algunos <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>sus <span class=\"_ _c4\"></span>art\u00edculos <span class=\"_ _c8\"></span>y <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>esa <span class=\"_ _c4\"></span>forma <span class=\"_ _c8\"></span>poder <span class=\"_ _c4\"></span>corregir <span class=\"_ _c4\"></span>los <span class=\"_ _c8\"></span>ingresos <span class=\"_ _c4\"></span>definitivos <span class=\"_ _c4\"></span>del <span class=\"_ _c4\"></span>a\u00f1o <span class=\"_ _c4\"></span>2<span class=\"_ _1\"></span>016. <span class=\"_ _c4\"></span>La Sentencia de<span class=\"_ _0\"></span>l TS fue pu<span class=\"_ _0\"></span>blicada e<span class=\"_ _0\"></span>l d\u00eda 29 d<span class=\"_ _0\"></span>e junio de <span class=\"_ _0\"></span>2020, por <span class=\"_ _0\"></span>lo que la<span class=\"_ _0\"></span> Orden IET/981/201<span class=\"_ _0\"></span>6 y lo<span class=\"_ _0\"></span>s ingre-<span class=\"_ _29d\"> </span>sos de 2016 deb<span class=\"_ _0\"></span>\u00edan <span class=\"_ _1\"></span>ser co<span class=\"_ _0\"></span>rr<span class=\"_ _1\"></span>egidos<span class=\"_ _0\"></span>. Para <span class=\"_ _0\"></span>dar <span class=\"_ _0\"></span>cumpli<span class=\"_ _0\"></span>miento <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>esta<span class=\"_ _0\"></span> se<span class=\"_ _0\"></span>nt<span class=\"_ _1\"></span>en<span class=\"_ _0\"></span>cia, <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Ministerio <span class=\"_ _0\"></span>publi<span class=\"_ _0\"></span>c\u00f3 <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>Orden <span class=\"_ _0\"></span>TED<span class=\"_ _0\"></span>/1311/2022, <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>cual<span class=\"_ _0\"></span> e<span class=\"_ _0\"></span>stableci\u00f3 la retribuci\u00f3n definitiva d<span class=\"_ _0\"></span>e Red El\u00e9ctrica para el a<span class=\"_ _0\"></span>\u00f1o 2016.  Una <span class=\"_ _d0\"> </span>vez <span class=\"_ _d0\"> </span>estable<span class=\"_ _0\"></span>cida <span class=\"_ _d0\"> </span>la <span class=\"_ _d0\"> </span>retribuci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _d0\"> </span>definitiva <span class=\"_ _d0\"> </span>para <span class=\"_ _d0\"> </span>el <span class=\"_ _d0\"> </span>a\u00f1<span class=\"_ _0\"></span>o <span class=\"_ _d0\"> </span>2016, <span class=\"_ _d0\"> </span>el <span class=\"_ _d0\"> </span>Mini<span class=\"_ _0\"></span>sterio <span class=\"_ _d0\"> </span>aprob\u00f3 <span class=\"_ _d0\"> </span>la <span class=\"_ _d1\"> </span>Orden TED/1343/2022, de 23 <span class=\"_ _1\"></span>de diciembre, por la <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>se establece la retribuci\u00f3n <span class=\"_ _1\"></span>de las em<span class=\"_ _1\"></span>presas titulares de instalaciones de transpo<span class=\"_ _0\"></span>rte de energ\u00eda el\u00e9c<span class=\"_ _0\"></span>trica para los a\u00f1os 2017, 2018<span class=\"_ _0\"></span> y 2019.  Con lo anterior, al cierre del ejercicio queda pendie<span class=\"_ _0\"></span>nte <span class=\"_ _1\"></span>que la CNMC publi<span class=\"_ _0\"></span>que la retribuci\u00f3n definitiva de los a\u00f1os 2020, 2021 y <span class=\"_ _0\"></span>2022.  <span class=\"ff5 sc0\"> <span class=\"_ _d2\"> </span><span class=\"ff3 fc1\">En <span class=\"_ _1\"></span>su <span class=\"_ _c4\"></span>condici\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>Operador <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>sistem<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>el\u00e9ctrico, <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>Sociedad <span class=\"_ _1\"></span>tiene <span class=\"_ _1\"></span>como <span class=\"_ _1\"></span>funci\u00f3n <span class=\"_ _c4\"></span>principal g<span class=\"_ _1\"></span>arantizar<span class=\"_ _0\"></span> </span></span>la <span class=\"_ _0\"></span>continuid<span class=\"_ _0\"></span>ad <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>la<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>seguridad <span class=\"_ _bf\"></span>del <span class=\"_ _0\"></span>suministro <span class=\"_ _bf\"></span>el\u00e9ctrico <span class=\"_ _0\"></span>y <span class=\"_ _bf\"></span>la <span class=\"_ _0\"></span>correcta<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>coordinaci\u00f3n <span class=\"_ _bf\"></span>del <span class=\"_ _0\"></span>sistema <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>producci\u00f3n<span class=\"_ _0\"></span> y tran<span class=\"_ _0\"></span>sporte, ejerci<span class=\"_ _0\"></span>endo sus <span class=\"_ _0\"></span>funciones en<span class=\"_ _0\"></span> coordin<span class=\"_ _0\"></span>aci\u00f3n <span class=\"_ _0\"></span>con los <span class=\"_ _0\"></span>operadores<span class=\"_ _0\"></span> y <span class=\"_ _0\"></span>sujetos del <span class=\"_ _0\"></span>Mercado <span class=\"_ _0\"></span>Ib\u00e9rico<span class=\"_ _0\"></span> de la Energ\u00eda El\u00e9ctrica,<span class=\"_ _0\"></span> bajo los principios de tran<span class=\"_ _0\"></span>sparencia, objetividad e<span class=\"_ _0\"></span> independencia.   La <span class=\"_ _0\"></span>Ley 24/2013 <span class=\"_ _0\"></span>tambi\u00e9n <span class=\"_ _0\"></span>atribuye <span class=\"_ _0\"></span>al ope<span class=\"_ _0\"></span>rador de<span class=\"_ _0\"></span>l sis<span class=\"_ _0\"></span>tema la <span class=\"_ _0\"></span>funci\u00f3n <span class=\"_ _0\"></span>de ge<span class=\"_ _0\"></span>stor de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>red de <span class=\"_ _0\"></span>transpo<span class=\"_ _0\"></span>rte. En<span class=\"_ _0\"></span> el <span class=\"_ _0\"></span>a\u00f1o <span class=\"_ _0\"></span>2015 <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>complet\u00f3 <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>proceso <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>designaci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>de Re<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>El\u00e9ctrica co<span class=\"_ _0\"></span>mo <span class=\"_ _0\"></span>gestor <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>red de<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>transporte<span class=\"_ _0\"></span> del <span class=\"_ _0\"></span>siste<span class=\"_ _0\"></span>ma <span class=\"_ _0\"></span>el\u00e9ctrico <span class=\"_ _bf\"></span>espa\u00f1ol <span class=\"_ _0\"></span>previsto <span class=\"_ _bf\"></span>en <span class=\"_ _0\"></span>la <span class=\"_ _bf\"></span>Ley. <span class=\"_ _0\"></span>Con <span class=\"_ _bf\"></span>esta <span class=\"_ _0\"></span>designaci\u00f3<span class=\"_ _0\"></span>n, <span class=\"_ _0\"></span>Red <span class=\"_ _0\"></span>El\u00e9ctrica<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>opera <span class=\"_ _0\"></span>ba<span class=\"_ _0\"></span>jo <span class=\"_ _0\"></span>el <span class=\"_ _bf\"></span>marco de <span class=\"_ _bf\"></span>la <span class=\"_ _0\"></span>separaci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>patrimo<span class=\"_ _0\"></span>nial <span class=\"_ _bf\"></span>que <span class=\"_ _0\"></span>establece <span class=\"_ _0\"></span>el <span class=\"_ _bf\"></span>art\u00edculo<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>43 <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _bf\"></span>Directiva <span class=\"_ _bf\"></span>2019/944 <span class=\"_ _0\"></span>sobre<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>normas<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>comu<span class=\"_ _0\"></span>nes para el mercado inte<span class=\"_ _0\"></span>rior de electricidad. \u202f  <span class=\"_ _0\"></span> La Sociedad tiene igualmente asignadas<span class=\"_ _0\"></span> las <span class=\"_ _1\"></span>funci<span class=\"_ _0\"></span>ones de <span class=\"_ _1\"></span>liquid<span class=\"_ _0\"></span>aci\u00f3n, <span class=\"_ _1\"></span>comunicaci\u00f3<span class=\"_ _0\"></span>n de <span class=\"_ _1\"></span>pagos y cobros,<span class=\"_ _0\"></span> y <span class=\"_ _c2\"></span>gesti\u00f3n <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>garan<span class=\"_ _0\"></span>t\u00edas, <span class=\"_ _c2\"></span>relacionadas <span class=\"_ _c2\"></span>con <span class=\"_ _c2\"></span>la <span class=\"_ _c5\"></span>gara<span class=\"_ _0\"></span>nt\u00eda <span class=\"_ _c5\"></span>de <span class=\"_ _c8\"></span>suministro <span class=\"_ _c2\"></span>y <span class=\"_ _c5\"></span>con<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>los <span class=\"_ _c2\"></span>desv\u00edos <span class=\"_ _c2\"></span>efectivos <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>las unidades <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>generaci\u00f3n <span class=\"_ _0\"></span>y d<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>consumo, <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>tambi\u00e9n re<span class=\"_ _0\"></span>sponsable <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>intercambios <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>energ\u00eda <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>corto<span class=\"_ _0\"></span> plazo <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>tengan po<span class=\"_ _0\"></span>r obj<span class=\"_ _0\"></span>eto el<span class=\"_ _0\"></span> mantenimi<span class=\"_ _0\"></span>ento de<span class=\"_ _0\"></span> l<span class=\"_ _0\"></span>as condicio<span class=\"_ _0\"></span>nes <span class=\"_ _0\"></span>de calida<span class=\"_ _0\"></span>d y<span class=\"_ _0\"></span> seguridad<span class=\"_ _0\"></span> del <span class=\"_ _0\"></span>suministro<span class=\"_ _0\"></span>.   Adem\u00e1s, la<span class=\"_ _0\"></span> Sociedad<span class=\"_ _0\"></span> es respon<span class=\"_ _0\"></span>sable de la<span class=\"_ _0\"></span> gesti\u00f3<span class=\"_ _0\"></span>n del despac<span class=\"_ _0\"></span>ho t\u00e9cnico <span class=\"_ _0\"></span>y econ<span class=\"_ _0\"></span>\u00f3mico pa<span class=\"_ _0\"></span>ra el su<span class=\"_ _0\"></span>ministro de <span class=\"_ _1\"></span>ener<span class=\"_ _1\"></span>g\u00eda <span class=\"_ _1\"></span>el\u00e9ctrica <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>los <span class=\"_ _c4\"></span>sistemas <span class=\"_ _1\"></span>el\u00e9ctricos <span class=\"_ _1\"></span>no <span class=\"_ _c4\"></span>peninsulares <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>Baleares, <span class=\"_ _1\"></span>Canarias, <span class=\"_ _1\"></span>Ceuta <span class=\"_ _c4\"></span>y <span class=\"_ _1\"></span>Melilla,<span class=\"_ _29d\"> </span>as\u00ed <span class=\"_ _1\"></span>como <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>la <span class=\"_ _1\"></span>funci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>liquidaci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>pago<span class=\"_ _1\"></span>s <span class=\"_ _1\"></span>y <span class=\"_ _c4\"></span>cobros <span class=\"_ _1\"></span>resultantes <span class=\"_ _1\"></span>del despacho <span class=\"_ _c4\"></span>econ\u00f3mico de <span class=\"_ _c4\"></span>la generaci\u00f3n en estos<span class=\"_ _0\"></span> sistemas.  A ra\u00edz <span class=\"_ _1\"></span>de la publicaci\u00f3n del Real Decreto-Ley 1/2019, la CNMC estableci\u00f3<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>por primera vez una metodo-<span class=\"_ _29d\"> </span>log\u00eda <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>retribuci\u00f3n <span class=\"_ _c8\"></span>para <span class=\"_ _c8\"></span>la <span class=\"_ _c8\"></span>actividad <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>Operaci\u00f3n <span class=\"_ _c8\"></span>del <span class=\"_ _c8\"></span>sistema <span class=\"_ _c8\"></span>en <span class=\"_ _c8\"></span>la <span class=\"_ _c2\"></span>Circular <span class=\"_ _c4\"></span>4/2019. <span class=\"_ _c8\"></span>Este <span class=\"_ _c8\"></span>m<span class=\"_ _1\"></span>ode<span class=\"_ _0\"></span>lo <span class=\"_ _c8\"></span>de retribuci\u00f3n se <span class=\"_ _1\"></span>apoya en el <span class=\"_ _1\"></span>principio fundamental de <span class=\"_ _1\"></span>proporcionar una retribuci\u00f3n <span class=\"_ _1\"></span>adecuada a una act<span class=\"_ _1\"></span>ivi-<span class=\"_ _29d\"> </span>dad de<span class=\"_ _0\"></span> bajo riesg<span class=\"_ _0\"></span>o, consi<span class=\"_ _0\"></span>derando aquello<span class=\"_ _0\"></span>s costes <span class=\"_ _0\"></span>prudentemente <span class=\"_ _0\"></span>incurridos <span class=\"_ _0\"></span>por una <span class=\"_ _0\"></span>empresa<span class=\"_ _0\"></span> eficiente <span class=\"_ _0\"></span>y bien gestio<span class=\"_ _0\"></span>nada. Bajo la <span class=\"_ _0\"></span>aplicaci\u00f3n d<span class=\"_ _0\"></span>e la metodolo<span class=\"_ _0\"></span>g\u00eda de retribuci\u00f3<span class=\"_ _0\"></span>n estable<span class=\"_ _0\"></span>cida en la <span class=\"_ _0\"></span>Circular 4/20<span class=\"_ _0\"></span>19, la CNMC ha establecid<span class=\"_ _0\"></span>o la retribuci\u00f3n del operado<span class=\"_ _0\"></span>r del sistema desde el ejerc<span class=\"_ _0\"></span>icio 2020.   Es <span class=\"_ _0\"></span>importante se\u00f1ala<span class=\"_ _0\"></span>r, no <span class=\"_ _0\"></span>obstante, qu<span class=\"_ _0\"></span>e la <span class=\"_ _0\"></span>competencia <span class=\"_ _0\"></span>para ap<span class=\"_ _0\"></span>robar la <span class=\"_ _0\"></span>metodolo<span class=\"_ _0\"></span>g\u00eda aplicable<span class=\"_ _0\"></span> al <span class=\"_ _0\"></span>c\u00e1lculo<span class=\"_ _0\"></span> de <span class=\"_ _c8\"></span>la <span class=\"_ _c8\"></span>retribuci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>del <span class=\"_ _c8\"></span>operador <span class=\"_ _c4\"></span>del <span class=\"_ _c8\"></span>sistema <span class=\"_ _c8\"></span>en <span class=\"_ _c4\"></span>el <span class=\"_ _c8\"></span>periodo <span class=\"_ _c8\"></span>2014-2019 <span class=\"_ _c4\"></span>corresponde <span class=\"_ _c8\"></span>al <span class=\"_ _c4\"></span>MITERD, <span class=\"_ _c8\"></span>y <span class=\"_ _c8\"></span>que <span class=\"_ _c8\"></span>en<span class=\"_ _0\"></span> ausencia de <span class=\"_ _1\"></span>dicha m<span class=\"_ _1\"></span>etod<span class=\"_ _0\"></span>olog\u00eda, <span class=\"_ _1\"></span>las sucesivas <span class=\"_ _1\"></span>\u00f3rdenes que <span class=\"_ _1\"></span>aprobaron los <span class=\"_ _1\"></span>peajes de <span class=\"_ _1\"></span>acceso de <span class=\"_ _1\"></span>energ\u00eda el\u00e9ctrica correspondientes a <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>a\u00f1os del <span class=\"_ _1\"></span>periodo 2014-2019 <span class=\"_ _1\"></span>establecieron<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>una <span class=\"_ _1\"></span>retribuci\u00f3n <span class=\"_ _1\"></span>anual de <span class=\"_ _1\"></span>ca-<span class=\"_ _29d\"> </span>r\u00e1cter <span class=\"_ _0\"></span>provisional, <span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>vi\u00e9ndose <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>cantidades <span class=\"_ _0\"></span>recogidas<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>mismas <span class=\"_ _0\"></span>podr\u00edan <span class=\"_ _0\"></span>ser <span class=\"_ _0\"></span>modificada<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>una vez que el MITERD aprobase la <span class=\"_ _1\"></span>citada metodolo<span class=\"_ _0\"></span>g\u00eda. <span class=\"_ _1\"></span>En 2021 el MITERD present\u00f3 a consulta p\u00fablica el proyecto <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>Real <span class=\"_ _c2\"></span>Decreto <span class=\"_ _c8\"></span>por <span class=\"_ _c8\"></span>el <span class=\"_ _c8\"></span>que <span class=\"_ _c2\"></span>se <span class=\"_ _c2\"></span>establec<span class=\"_ _0\"></span>e <span class=\"_ _c2\"></span>la <span class=\"_ _c8\"></span>m<span class=\"_ _1\"></span>etodolo<span class=\"_ _0\"></span>g\u00eda <span class=\"_ _c2\"></span>para <span class=\"_ _c8\"></span>el <span class=\"_ _c8\"></span>c\u00e1lculo <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>la <span class=\"_ _c8\"></span>r<span class=\"_ _1\"></span>etribuci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>del operador del sistema el\u00e9<span class=\"_ _0\"></span>ctrico aplicable a cada u<span class=\"_ _0\"></span>no de los a\u00f1os del citado pe<span class=\"_ _0\"></span>riodo.  En relaci\u00f3<span class=\"_ _0\"></span>n a las <span class=\"_ _0\"></span>funciones que la<span class=\"_ _0\"></span> Sociedad <span class=\"_ _0\"></span>tiene encomendadas<span class=\"_ _0\"></span> en los <span class=\"_ _0\"></span>sistemas el\u00e9ct<span class=\"_ _0\"></span>ricos no pe<span class=\"_ _0\"></span>ninsu-<span class=\"_ _29d\"> </span>lares, <span class=\"_ _1\"></span>en <span class=\"_ _c4\"></span>el <span class=\"_ _1\"></span>a\u00f1o <span class=\"_ _1\"></span>2015 <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>llev\u00f3 <span class=\"_ _1\"></span>a <span class=\"_ _c4\"></span>cabo <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>transmisi\u00f3n <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>Oper<span class=\"_ _1\"></span>ador <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>sistema <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>proyecto <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>la <span class=\"_ _1\"></span>Central<span class=\"_ _0\"></span> Hidr\u00e1ulica <span class=\"_ _bf\"></span>Reversible <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>200 <span class=\"_ _bf\"></span>M<span class=\"_ _1\"></span>W <span class=\"_ _bf\"></span>de Sa<span class=\"_ _0\"></span>lto <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>Chir<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>Gran <span class=\"_ _0\"></span>Canaria, <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>xigido <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>la <span class=\"_ _bf\"></span>Orden <span class=\"_ _0\"></span>IET/728/2<span class=\"_ _0\"></span>014, de <span class=\"_ _c4\"></span>28 <span class=\"_ _c8\"></span>de <span class=\"_ _c4\"></span>abril. <span class=\"_ _c8\"></span>Una <span class=\"_ _c4\"></span>vez <span class=\"_ _c4\"></span>asumida <span class=\"_ _c4\"></span>la <span class=\"_ _c8\"></span>propiedad, <span class=\"_ _c4\"></span>en <span class=\"_ _c4\"></span>el <span class=\"_ _c8\"></span>a\u00f1o <span class=\"_ _c4\"></span>2016, <span class=\"_ _c8\"></span>Red <span class=\"_ _c4\"></span>El\u00e9ctrica <span class=\"_ _c4\"></span>present\u00f3 <span class=\"_ _c4\"></span>un <span class=\"_ _c8\"></span>proyecto <span class=\"_ _c4\"></span>de<span class=\"_ _0\"></span> reforma del <span class=\"_ _0\"></span>proyecto <span class=\"_ _0\"></span>inicial, que<span class=\"_ _0\"></span> incorpora<span class=\"_ _0\"></span> mejoras t\u00e9<span class=\"_ _0\"></span>cnicas y a<span class=\"_ _0\"></span>mbientales <span class=\"_ _0\"></span>destinadas a<span class=\"_ _0\"></span> ampliar <span class=\"_ _0\"></span>la c<span class=\"_ _0\"></span>apa-<span class=\"_ _29d\"> </span>cidad de integ<span class=\"_ _0\"></span>raci\u00f3n de energ\u00edas<span class=\"_ _0\"></span> renovables y a<span class=\"_ _0\"></span> reducir el impacto<span class=\"_ _0\"></span> sobre el en<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>orno<span class=\"_ _0\"></span> de esta nueva<span class=\"_ _0\"></span> infra-<span class=\"_ _29d\"> </span>estructura. E<span class=\"_ _0\"></span>l 17<span class=\"_ _0\"></span> de <span class=\"_ _0\"></span>diciembre <span class=\"_ _0\"></span>de 2<span class=\"_ _0\"></span>022 se<span class=\"_ _0\"></span> ha<span class=\"_ _0\"></span> publi<span class=\"_ _0\"></span>cado la<span class=\"_ _0\"></span> Orden <span class=\"_ _0\"></span>TED/1243/2022, <span class=\"_ _0\"></span>de 2<span class=\"_ _0\"></span> de <span class=\"_ _0\"></span>diciemb<span class=\"_ _0\"></span>re, po<span class=\"_ _0\"></span>r la <span class=\"_ _c4\"></span>que <span class=\"_ _c4\"></span>se <span class=\"_ _c8\"></span>aprueba <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>metodolog\u00eda <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>c\u00e1lculo <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>la <span class=\"_ _c4\"></span>retribuci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>de <span class=\"_ _c4\"></span>la <span class=\"_ _c8\"></span>instalaci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _c8\"></span>hidr\u00e1ulica <span class=\"_ _c4\"></span>reversible <span class=\"_ _c4\"></span>de 200 <span class=\"_ _0\"></span>MW de<span class=\"_ _0\"></span> Salto<span class=\"_ _0\"></span> de <span class=\"_ _0\"></span>Chir<span class=\"_ _0\"></span>a en<span class=\"_ _0\"></span> Gran <span class=\"_ _0\"></span>Canaria, <span class=\"_ _0\"></span>titulari<span class=\"_ _0\"></span>dad del <span class=\"_ _0\"></span>operad<span class=\"_ _0\"></span>or del<span class=\"_ _0\"></span> siste<span class=\"_ _0\"></span>ma. Es<span class=\"_ _0\"></span>ta retribuci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>calcula el <span class=\"_ _1\"></span>coste <span class=\"_ _1\"></span>total <span class=\"_ _1\"></span>de<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>instalaci\u00f3n <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>base <span class=\"_ _1\"></span>a <span class=\"_ _c4\"></span>unos <span class=\"_ _1\"></span>par\u00e1metros r<span class=\"_ _1\"></span>etributivos<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>que <span class=\"_ _1\"></span>son: <span class=\"_ _1\"></span>valor <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>la <span class=\"_ _c4\"></span>inversi\u00f3n de la instalaci\u00f3n en<span class=\"_ _0\"></span> el a\u00f1o de su puesta<span class=\"_ _0\"></span> en servicio; valo<span class=\"_ _0\"></span>r unitario de operaci\u00f3n y<span class=\"_ _0\"></span> mantenimiento variab<span class=\"_ _0\"></span>le; y valor <span class=\"_ _c4\"></span>unitario <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>la <span class=\"_ _c8\"></span>anualidad <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>costes <span class=\"_ _c8\"></span>de <span class=\"_ _c4\"></span>operaci\u00f3n <span class=\"_ _c4\"></span>y <span class=\"_ _c8\"></span>mantenimiento <span class=\"_ _c4\"></span>fijos. <span class=\"_ _c4\"></span>Asimismo, <span class=\"_ _c8\"></span>contempla<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>una retribuci\u00f3n que <span class=\"_ _1\"></span>ser\u00e1 percibida en <span class=\"_ _1\"></span>los cinco <span class=\"_ _1\"></span>a\u00f1os posteriores a <span class=\"_ _1\"></span>la puesta <span class=\"_ _1\"></span>en marcha <span class=\"_ _1\"></span>de la <span class=\"_ _1\"></span>instalaci\u00f3n, de tal <span class=\"_ _1\"></span>forma <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>retribuya los <span class=\"_ _1\"></span>costes <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>financiaci\u00f3n <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>haya incurrido <span class=\"_ _1\"></span>durante <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>fase <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>cons-<span class=\"_ _29d\"> </span>trucci\u00f3n.  En <span class=\"_ _1\"></span>2021, <span class=\"_ _c4\"></span>tambi\u00e9n <span class=\"_ _c4\"></span>como <span class=\"_ _1\"></span>consecuencia <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>entrada <span class=\"_ _1\"></span>en <span class=\"_ _c4\"></span>vigor <span class=\"_ _c4\"></span>del <span class=\"_ _1\"></span>Real <span class=\"_ _c4\"></span>Decreto-ley <span class=\"_ _1\"></span>1/2019, <span class=\"_ _c4\"></span>come<span class=\"_ _0\"></span>nz\u00f3 <span class=\"_ _c4\"></span>a <span class=\"_ _c4\"></span>apli-<span class=\"_ _29d\"> </span>carse <span class=\"_ _bf\"></span>el <span class=\"_ _bf\"></span>nuevo <span class=\"_ _bf\"></span>r\u00e9gimen <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>peajes<span class=\"_ _0\"></span> <span class=\"_ _bf\"></span>y <span class=\"_ _bf\"></span>car<span class=\"_ _1\"></span>gos. <span class=\"_ _bf\"></span>Esto <span class=\"_ _bf\"></span>s<span class=\"_ _0\"></span>e <span class=\"_ _bf\"></span>llev\u00f3 <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span> <span class=\"_ _bf\"></span>cabo <span class=\"_ _bf\"></span>con <span class=\"_ _bf\"></span>la <span class=\"_ _bf\"></span>publicaci\u00f3n <span class=\"_ _bf\"></span>del <span class=\"_ _bf\"></span>Real <span class=\"_ _bf\"></span>Decre<span class=\"_ _0\"></span>to <span class=\"_ _bf\"></span>148/2021, de <span class=\"_ _c4\"></span>9 <span class=\"_ _c8\"></span>de <span class=\"_ _c4\"></span>m<span class=\"_ _1\"></span>arzo, <span class=\"_ _c4\"></span>por <span class=\"_ _c8\"></span>el <span class=\"_ _c4\"></span>que <span class=\"_ _c8\"></span>se <span class=\"_ _c8\"></span>establece <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>m<span class=\"_ _1\"></span>etod<span class=\"_ _0\"></span>olog\u00eda <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>c\u00e1lculo <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>los <span class=\"_ _c4\"></span>cargos <span class=\"_ _c4\"></span>del <span class=\"_ _c8\"></span>sistema <span class=\"_ _c4\"></span>el\u00e9ctrico, <span class=\"_ _c4\"></span>y <span class=\"_ _c8\"></span>la Circular 3/<span class=\"_ _1\"></span>2020, de <span class=\"_ _1\"></span>15 <span class=\"_ _1\"></span>de enero, <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>CN<span class=\"_ _0\"></span>MC, <span class=\"_ _c4\"></span>por la <span class=\"_ _1\"></span>que se <span class=\"_ _c4\"></span>establece<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>metodolog\u00eda para <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>c\u00e1lculo<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>los peajes de transporte<span class=\"_ _0\"></span> y <span class=\"_ _1\"></span>distribu<span class=\"_ _0\"></span>ci\u00f3n de electricidad.  <span class=\"_ _0\"></span> Concretamente, <span class=\"_ _1\"></span>este nuevo <span class=\"_ _1\"></span>marco <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>peajes <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>cargos <span class=\"_ _1\"></span>comenz\u00f3 <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>funcionar <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>partir <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>1 <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>junio <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>2021. Con <span class=\"_ _bf\"></span>\u00e9l, <span class=\"_ _0\"></span>todos <span class=\"_ _bf\"></span>los <span class=\"_ _0\"></span>consu<span class=\"_ _0\"></span>midores <span class=\"_ _bf\"></span>pasan <span class=\"_ _bf\"></span>a <span class=\"_ _0\"></span>tener <span class=\"_ _bf\"></span>un <span class=\"_ _0\"></span>pea<span class=\"_ _0\"></span>je <span class=\"_ _0\"></span>con <span class=\"_ _bf\"></span>discriminaci\u00f3n <span class=\"_ _bf\"></span>horaria <span class=\"_ _bf\"></span>en <span class=\"_ _bf\"></span>los <span class=\"_ _0\"></span>t\u00e9rminos <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>potencia y energ\u00eda, aumentando<span class=\"_ _0\"></span> la diferencia de precios en<span class=\"_ _0\"></span>tre los periodos de punta<span class=\"_ _0\"></span> y valle.   En <span class=\"_ _c0\"> </span>materia <span class=\"_ _c0\"> </span>de <span class=\"_ _c0\"> </span>acceso <span class=\"_ _c0\"> </span>y <span class=\"_ _c0\"> </span>conexi\u00f3n <span class=\"_ _c0\"> </span>a <span class=\"_ _c0\"> </span>las <span class=\"_ _c0\"> </span>redes <span class=\"_ _c0\"> </span>de <span class=\"_ _c0\"> </span>energ\u00eda <span class=\"_ _c5\"> </span>el<span class=\"_ _1\"></span>\u00e9ctrica, <span class=\"_ _c5\"> </span>tr<span class=\"_ _1\"></span>as <span class=\"_ _c5\"> </span>la <span class=\"_ _c9\"> </span>aprobaci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _c9\"> </span>del<span class=\"_ _0\"></span> <span class=\"_ _c0\"> </span>Real <span class=\"_ _c0\"> </span>Decreto 1183/2020, <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>29 <span class=\"_ _c2\"></span>de <span class=\"_ _c8\"></span>diciembre, <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>acceso <span class=\"_ _c8\"></span>y <span class=\"_ _c2\"></span>conexi\u00f3n <span class=\"_ _c8\"></span>a <span class=\"_ _c8\"></span>las <span class=\"_ _c2\"></span>redes <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>transporte <span class=\"_ _c8\"></span>y <span class=\"_ _c2\"></span>distribuci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>de <span class=\"_ _c8\"></span>energ\u00eda el\u00e9ctrica, <span class=\"_ _bf\"></span>la <span class=\"_ _bf\"></span>CNMC <span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>rob\u00f3 <span class=\"_ _bf\"></span>la <span class=\"_ _bf\"></span>Circular <span class=\"_ _bf\"></span>1/2021, <span class=\"_ _0\"></span>por <span class=\"_ _bf\"></span>la <span class=\"_ _bf\"></span>que <span class=\"_ _bf\"></span>se <span class=\"_ _bf\"></span>establece <span class=\"_ _bf\"></span>la <span class=\"_ _bf\"></span>metodolog\u00eda <span class=\"_ _bf\"></span>y <span class=\"_ _0\"></span>condicio<span class=\"_ _0\"></span>nes <span class=\"_ _bf\"></span>del <span class=\"_ _bf\"></span>acceso y de <span class=\"_ _1\"></span>la conexi\u00f3n a las redes de t<span class=\"_ _1\"></span>ransporte y distribuci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>de las <span class=\"_ _1\"></span>instalacio<span class=\"_ _0\"></span>nes de <span class=\"_ _1\"></span>producci\u00f3n de energ\u00eda el\u00e9c-<span class=\"_ _29d\"> </span>trica, quedando<span class=\"_ _0\"></span> as\u00ed cerrado el marco normativo<span class=\"_ _0\"></span> general de acceso y con<span class=\"_ _0\"></span>exi\u00f3n.  Por \u00faltimo, entre las nov<span class=\"_ _0\"></span>edades regulatori<span class=\"_ _0\"></span>as <span class=\"_ _1\"></span>del ejercicio<span class=\"_ _0\"></span> 2022, destacar asimis<span class=\"_ _0\"></span>mo las siguientes:   <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Real De<span class=\"_ _0\"></span>creto-ley 6/2022, de <span class=\"_ _0\"></span>29 de marzo<span class=\"_ _0\"></span>, por el q<span class=\"_ _0\"></span>ue se adoptan<span class=\"_ _0\"></span> medidas <span class=\"_ _0\"></span>urgentes en el ma<span class=\"_ _0\"></span>rco del P<span class=\"_ _0\"></span>lan </span></span>Nacional <span class=\"_ _0\"></span>de respuesta <span class=\"_ _0\"></span>a l<span class=\"_ _0\"></span>as consecuencias<span class=\"_ _0\"></span> econ\u00f3micas <span class=\"_ _0\"></span>y soci<span class=\"_ _0\"></span>ales de la<span class=\"_ _0\"></span> guerra <span class=\"_ _0\"></span>en Ucrania.<span class=\"_ _0\"></span> Esta no<span class=\"_ _0\"></span>rma, como <span class=\"_ _c4\"></span>consecuencia <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>los <span class=\"_ _c4\"></span>fallos <span class=\"_ _c8\"></span>de <span class=\"_ _c4\"></span>las <span class=\"_ _c8\"></span>sentencia<span class=\"_ _0\"></span>s <span class=\"_ _c8\"></span>del <span class=\"_ _c4\"></span>Tribunal <span class=\"_ _c4\"></span>Supremo <span class=\"_ _c4\"></span>sobre <span class=\"_ _c8\"></span>el <span class=\"_ _c4\"></span>mecanismo <span class=\"_ _c4\"></span>anterio<span class=\"_ _0\"></span>r de <span class=\"_ _0\"></span>f<span class=\"_ _1\"></span>inancia<span class=\"_ _0\"></span>ci\u00f3n del <span class=\"_ _0\"></span>bono <span class=\"_ _0\"></span>social, <span class=\"_ _0\"></span>regula un<span class=\"_ _0\"></span> nuevo <span class=\"_ _0\"></span>mecanismo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>financiaci\u00f3n <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>bono socia<span class=\"_ _0\"></span>l. Esta <span class=\"_ _0\"></span>norma<span class=\"_ _0\"></span> regula que la financia<span class=\"_ _0\"></span>ci\u00f3n del bono social de electricidad<span class=\"_ _0\"></span> la asuman todos los agentes que<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>partici<span class=\"_ _0\"></span>pan en la <span class=\"_ _1\"></span>cadena <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>suministro <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>electricidad <span class=\"_ _1\"></span>(pr<span class=\"_ _1\"></span>oducci\u00f3<span class=\"_ _0\"></span>n, <span class=\"_ _c4\"></span>transporte, <span class=\"_ _1\"></span>distribuci\u00f3n, <span class=\"_ _1\"></span>com<span class=\"_ _1\"></span>erciali<span class=\"_ _0\"></span>zaci\u00f3n <span class=\"_ _c4\"></span>y <span class=\"_ _1\"></span>consu-<span class=\"_ _29d\"> </span>midores <span class=\"_ _c0\"> </span>directos), <span class=\"_ _c0\"> </span>de <span class=\"_ _c0\"> </span>acuerdo <span class=\"_ _c0\"> </span>con <span class=\"_ _c0\"> </span>su <span class=\"_ _c5\"> </span>facturaci\u00f3n. <span class=\"_ _c0\"> </span>No <span class=\"_ _c0\"> </span>obstante, <span class=\"_ _c0\"> </span>la <span class=\"_ _c0\"> </span>norma <span class=\"_ _c0\"> </span>reconoce <span class=\"_ _c0\"> </span>a <span class=\"_ _c0\"> </span>su <span class=\"_ _c0\"> </span>vez <span class=\"_ _c0\"> </span>que <span class=\"_ _c0\"> </span>la metodolog\u00eda <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>retribuci\u00f3n <span class=\"_ _c2\"></span>se <span class=\"_ _c5\"></span>adaptar\u00e1<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>para <span class=\"_ _c2\"></span>reconocer <span class=\"_ _c2\"></span>dicho <span class=\"_ _c2\"></span>coste, <span class=\"_ _c5\"></span>po<span class=\"_ _0\"></span>r <span class=\"_ _c5\"></span>lo <span class=\"_ _c2\"></span>que, <span class=\"_ _c5\"></span>en<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>la <span class=\"_ _c2\"></span>pr\u00e1ctica, <span class=\"_ _c2\"></span>no <span class=\"_ _c2\"></span>se estima que esta medid<span class=\"_ _0\"></span>a tenga un impacto econ\u00f3<span class=\"_ _0\"></span>mico significativo para Red El\u00e9ctrica<span class=\"_ _0\"></span>.   <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">El Real <span class=\"_ _1\"></span>Decreto-ley <span class=\"_ _1\"></span>14/2022, <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>1 de <span class=\"_ _c4\"></span>agosto, de m<span class=\"_ _1\"></span>edidas de <span class=\"_ _1\"></span>sostenibilidad econ\u00f3mica <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>\u00e1mbito del </span></span>transporte, en <span class=\"_ _0\"></span>materia de becas y ayudas<span class=\"_ _0\"></span> al estudio, as\u00ed como<span class=\"_ _0\"></span> de medidas de<span class=\"_ _0\"></span> ahorro, eficiencia energ\u00e9-<span class=\"_ _29d\"> </span>tica <span class=\"_ _1\"></span>y <span class=\"_ _c8\"></span>de <span class=\"_ _1\"></span>reducci\u00f3n <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>la <span class=\"_ _c4\"></span>dependencia <span class=\"_ _1\"></span>energ\u00e9tica <span class=\"_ _1\"></span>del <span class=\"_ _c4\"></span>gas <span class=\"_ _c4\"></span>natural, <span class=\"_ _1\"></span>modifica <span class=\"_ _1\"></span>el <span class=\"_ _c4\"></span>Real <span class=\"_ _1\"></span>Decret<span class=\"_ _1\"></span>o <span class=\"_ _c4\"></span>1955/<span class=\"_ _0\"></span>2000, con <span class=\"_ _1\"></span>obj<span class=\"_ _1\"></span>eto <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>introducir <span class=\"_ _1\"></span>una <span class=\"_ _c4\"></span>serie <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>modificaciones <span class=\"_ _1\"></span>que <span class=\"_ _c4\"></span>permitan <span class=\"_ _1\"></span>agilizar <span class=\"_ _c4\"></span>la <span class=\"_ _1\"></span>trami<span class=\"_ _1\"></span>taci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>las <span class=\"_ _c4\"></span>instala-<span class=\"_ _29d\"> </span>ciones de transporte. <span class=\"_ _0\"></span>  <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Publicaci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _c4\"></span>del <span class=\"_ _1\"></span>Plan <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>Desarrollo <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>la <span class=\"_ _c4\"></span>Red <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>Transporte <span class=\"_ _1\"></span>2021 <span class=\"_ _c4\"></span>\u2013 <span class=\"_ _1\"></span>2026, <span class=\"_ _1\"></span>en <span class=\"_ _c4\"></span>el <span class=\"_ _1\"></span>BOE <span class=\"_ _c4\"></span>del <span class=\"_ _1\"></span>19 <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>abril <span class=\"_ _1\"></span>de </span></span>2022 q<span class=\"_ _0\"></span>ue p<span class=\"_ _0\"></span>rev\u00e9 l<span class=\"_ _0\"></span>a con<span class=\"_ _0\"></span>strucci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>2.681 <span class=\"_ _0\"></span>km d<span class=\"_ _0\"></span>e n<span class=\"_ _0\"></span>uevas <span class=\"_ _0\"></span>l\u00edneas <span class=\"_ _0\"></span>y 73<span class=\"_ _0\"></span>3 km<span class=\"_ _0\"></span> de <span class=\"_ _0\"></span>cables <span class=\"_ _0\"></span>submarinos<span class=\"_ _0\"></span>, as\u00ed<span class=\"_ _0\"></span> co<span class=\"_ _0\"></span>mo 7.057 km de repo<span class=\"_ _0\"></span>tenciaciones. Des<span class=\"_ _0\"></span>tacar tambi\u00e9n <span class=\"_ _0\"></span>que la planificaci\u00f3n el\u00e9c<span class=\"_ _0\"></span>trica contempla el uso<span class=\"_ _0\"></span> de nue-<span class=\"_ _29d\"> </span>vos <span class=\"_ _0\"></span>componen<span class=\"_ _0\"></span>tes <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>la <span class=\"_ _bf\"></span>red, <span class=\"_ _0\"></span>como <span class=\"_ _0\"></span>los <span class=\"_ _bf\"></span>sistemas <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>monitorizaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>la ca<span class=\"_ _0\"></span>pacid<span class=\"_ _0\"></span>ad <span class=\"_ _0\"></span>din\u00e1mica <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>transporte de <span class=\"_ _c8\"></span>l\u00edneas <span class=\"_ _c8\"></span>(Dynamic <span class=\"_ _c8\"></span>Line <span class=\"_ _c4\"></span>Rating, <span class=\"_ _c8\"></span>DLR), <span class=\"_ _c2\"></span>compens<span class=\"_ _0\"></span>adores <span class=\"_ _c8\"></span>s\u00edncronos, <span class=\"_ _c8\"></span>el <span class=\"_ _c8\"></span>almacenamien<span class=\"_ _0\"></span>to <span class=\"_ _c8\"></span>como <span class=\"_ _c8\"></span>elemento plenamente <span class=\"_ _c4\"></span>integrado <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>la <span class=\"_ _c8\"></span>red <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>transporte, <span class=\"_ _c4\"></span>as\u00ed <span class=\"_ _c8\"></span>como <span class=\"_ _c8\"></span>elementos <span class=\"_ _c4\"></span>con <span class=\"_ _c4\"></span>posibilidad <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>modificaci\u00f3n <span class=\"_ _c4\"></span>de los flujos de potencia <span class=\"_ _0\"></span>(por ejemplo, desfasadore<span class=\"_ _0\"></span>s).   <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Por \u00faltimo, se aprueba el Rea<span class=\"_ _0\"></span>l Decreto-ley 20/2022, de 27 de diciemb<span class=\"_ _0\"></span>re, de medidas de respue<span class=\"_ _0\"></span>sta a las </span></span>consecuencias econ\u00f3mi<span class=\"_ _0\"></span>cas y sociales de la Guerra de Ucrania y de apoyo a la reconstrucci\u00f3n de l<span class=\"_ _0\"></span>a isla de <span class=\"_ _0\"></span>La <span class=\"_ _0\"></span>Palma <span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> a<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>otras <span class=\"_ _0\"></span>situacio<span class=\"_ _0\"></span>nes <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>vulnerabilid<span class=\"_ _0\"></span>ad, e<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rorrogan <span class=\"_ _0\"></span>durante <span class=\"_ _0\"></span>2023<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>varias <span class=\"_ _0\"></span>medid<span class=\"_ _0\"></span>as temporales <span class=\"_ _c2\"></span>cuya <span class=\"_ _c5\"></span>vigenci<span class=\"_ _0\"></span>a <span class=\"_ _c5\"></span>terminaba <span class=\"_ _c5\"></span>el <span class=\"_ _c2\"></span>31 <span class=\"_ _c5\"></span>de <span class=\"_ _c2\"></span>diciembre, <span class=\"_ _c5\"></span>como <span class=\"_ _c2\"></span>las <span class=\"_ _c5\"></span>rebajas <span class=\"_ _c2\"></span>fiscales <span class=\"_ _c2\"></span>en <span class=\"_ _c5\"> </span>el <span class=\"_ _c5\"></span>sector <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>la electricidad <span class=\"_ _c8\"></span>y <span class=\"_ _c2\"></span>se <span class=\"_ _c2\"></span>incluyen <span class=\"_ _c8\"></span>aspectos <span class=\"_ _c8\"></span>punt<span class=\"_ _1\"></span>uales <span class=\"_ _c8\"></span>relativos <span class=\"_ _c8\"></span>a <span class=\"_ _c5\"></span>la<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>planificaci\u00f3n <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>la <span class=\"_ _c2\"></span>red <span class=\"_ _c8\"></span>de <span class=\"_ _c5\"></span>transporte<span class=\"_ _0\"></span>, <span class=\"_ _c8\"></span>para impulsar la transici\u00f3n e<span class=\"_ _0\"></span>nerg\u00e9tica y desa<span class=\"_ _0\"></span>rr<span class=\"_ _1\"></span>ollar la<span class=\"_ _0\"></span> cadena de valor indus<span class=\"_ _0\"></span>trial.  b) <span class=\"_ _ca\"> </span>Sector el\u00e9ctrico In<span class=\"_ _0\"></span>ternacional<span class=\"ff3 fc1\">  </span>Redinter ha<span class=\"_ _0\"></span> construido <span class=\"_ _0\"></span>y adquirido<span class=\"_ _0\"></span> instalaciones <span class=\"_ _0\"></span>de transporte<span class=\"_ _0\"></span> de energ\u00eda<span class=\"_ _0\"></span> el\u00e9ctrica,<span class=\"_ _0\"></span> que a d<span class=\"_ _0\"></span>\u00eda de h<span class=\"_ _0\"></span>oy opera <span class=\"_ _0\"></span>y mantiene en el secto<span class=\"_ _0\"></span>r el\u00e9ctrico, a nivel internacio<span class=\"_ _0\"></span>nal, en Per\u00fa, Chile y Bra<span class=\"_ _0\"></span>sil.  Sector El\u00e9ctrico<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>en Per\u00fa <span class=\"_ _0\"></span> En el a\u00f1o 1992 se<span class=\"_ _0\"></span> inici\u00f3 el proceso de<span class=\"_ _0\"></span> liberalizaci\u00f3n del sec<span class=\"_ _0\"></span>tor el\u00e9ctrico de Per\u00fa<span class=\"_ _0\"></span> con la publicaci\u00f3n <span class=\"_ _0\"></span>de la \u201cLey de Concesiones El\u00e9ctricas\u201d (LCE) y,<span class=\"_ _0\"></span> p<span class=\"_ _1\"></span>osteriormen<span class=\"_ _0\"></span>te, la <span class=\"_ _1\"></span>reforma<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>del a\u00f1o 2006 termin\u00f3<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>de dar forma al <span class=\"_ _c8\"></span>sector <span class=\"_ _c2\"></span>el\u00e9ctrico <span class=\"_ _c8\"></span>(Ley <span class=\"_ _c4\"></span>28832, <span class=\"_ _c2\"></span>\u201cLey <span class=\"_ _c8\"></span>para <span class=\"_ _c8\"></span>Asegurar <span class=\"_ _c2\"></span>el <span class=\"_ _c8\"></span>Desarrollo <span class=\"_ _c8\"></span>Eficiente <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>la <span class=\"_ _c8\"></span>Generaci\u00f3n <span class=\"_ _c8\"></span>El\u00e9ctrica\u201d<span class=\"_ _0\"></span>, LGE).   Estas <span class=\"_ _0\"></span>dos <span class=\"_ _bf\"></span>leyes <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>algunas <span class=\"_ _bf\"></span>otras <span class=\"_ _0\"></span>normas <span class=\"_ _bf\"></span>modificatorias <span class=\"_ _0\"></span>y/o <span class=\"_ _0\"></span>ampli<span class=\"_ _0\"></span>atorias <span class=\"_ _bf\"></span>j<span class=\"_ _1\"></span>unto <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Regla<span class=\"_ _0\"></span>mento <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>desa-<span class=\"_ _29d\"> </span>rrollo de la <span class=\"_ _0\"></span>LCE <span class=\"_ _0\"></span>(Decreto Supremo<span class=\"_ _0\"></span> N\u00b0 009-93<span class=\"_ _0\"></span>-EM, promulgado <span class=\"_ _0\"></span>en 1993) <span class=\"_ _0\"></span>conforman el <span class=\"_ _0\"></span>marco <span class=\"_ _0\"></span>regulatorio b\u00e1sico del sector el\u00e9<span class=\"_ _0\"></span>ctrico de Per\u00fa.   La <span class=\"_ _c2\"></span>regulaci\u00f3n <span class=\"_ _c8\"></span>b\u00e1sica <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>la <span class=\"_ _c2\"></span>t<span class=\"_ _1\"></span>ransmisi\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _c2\"></span>incluye <span class=\"_ _c2\"></span>tambi\u00e9n <span class=\"_ _c2\"></span>el <span class=\"_ _c2\"></span>\u201cReglamento <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>Tr<span class=\"_ _1\"></span>ans<span class=\"_ _0\"></span>misi\u00f3n\u201d <span class=\"_ _c2\"></span>(Decreto <span class=\"_ _c2\"></span>Su-<span class=\"_ _29d\"> </span>premo <span class=\"_ _0\"></span>N\u00b0 027-2<span class=\"_ _0\"></span>007-EM). T<span class=\"_ _0\"></span>ambi\u00e9n ha<span class=\"_ _0\"></span>br\u00eda que <span class=\"_ _0\"></span>cita<span class=\"_ _0\"></span>r alguno<span class=\"_ _0\"></span>s desarrollos <span class=\"_ _0\"></span>regu<span class=\"_ _0\"></span>latorios impo<span class=\"_ _0\"></span>rtantes d<span class=\"_ _0\"></span>e OSI-<span class=\"_ _29d\"> </span>NERGMIN (agencia <span class=\"_ _1\"></span>reguladora) como <span class=\"_ _c4\"></span>las Resoluciones <span class=\"_ _1\"></span>que aprueban <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>Procedimiento de <span class=\"_ _1\"></span>Liquidaci\u00f3n Anual de <span class=\"_ _c4\"></span>los <span class=\"_ _1\"></span>Ingr<span class=\"_ _1\"></span>esos <span class=\"_ _1\"></span>por <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>Servicio <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>Transmis<span class=\"_ _0\"></span>i\u00f3n <span class=\"_ _c4\"></span>El\u00e9ctrica <span class=\"_ _1\"></span>(Resoluci\u00f3n <span class=\"_ _1\"></span>N\u00b0 <span class=\"_ _1\"></span>055-2020-OS/CD <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>056-<span class=\"_ _29d\"> </span>2020-OS/CD) y <span class=\"_ _1\"></span>la Resoluci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _1\"></span>N\u00b0 217-2013-OS/CD que regula las <span class=\"_ _1\"></span>\u201cTarifas y <span class=\"_ _1\"></span>Compensaciones para<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>Sis-<span class=\"_ _29d\"> </span>temas Secundarios de T<span class=\"_ _0\"></span>ransmisi\u00f3n (SST) y Sistema<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>Comple<span class=\"_ _0\"></span>mentarios de Transmisi\u00f3n (SCT)<span class=\"_ _0\"></span>\u201d.  Para la tr<span class=\"_ _1\"></span>ansmisi<span class=\"_ _0\"></span>\u00f3n, la reforma <span class=\"_ _1\"></span>del a\u00f1o 2006 (LGE) supuso la introducci\u00f3n de las <span class=\"_ _1\"></span>subas<span class=\"_ _0\"></span>tas <span class=\"_ _1\"></span>como meca<span class=\"_ _0\"></span>-<span class=\"_ _29d\"> </span>nismo <span class=\"_ _1\"></span>de adjudicaci\u00f3n para <span class=\"_ _1\"></span>la construcci\u00f3n de <span class=\"_ _1\"></span>nuevas instalaciones del sist<span class=\"_ _1\"></span>ema troncal de <span class=\"_ _1\"></span>transmisi\u00f3n.<span class=\"_ _0\"></span> El <span class=\"_ _0\"></span>procedimien<span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>subastas <span class=\"_ _0\"></span>hizo<span class=\"_ _0\"></span> n<span class=\"_ _0\"></span>ecesario <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>esarrollo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>proceso<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>planificaci\u00f3n <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nerg\u00e9tica, <span class=\"_ _0\"></span>que<span class=\"_ _0\"></span> no exist\u00eda hasta la pub<span class=\"_ _0\"></span>licaci\u00f3n de la LGE.   En <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>actualidad, <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>marco <span class=\"_ _0\"></span>regulatorio <span class=\"_ _0\"></span>perua<span class=\"_ _0\"></span>no es<span class=\"_ _0\"></span>t\u00e1 <span class=\"_ _0\"></span>abierto <span class=\"_ _0\"></span>a discu<span class=\"_ _0\"></span>si\u00f3n. <span class=\"_ _0\"></span>El <span class=\"_ _0\"></span>20 <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>junio <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>2019 <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>publi<span class=\"_ _0\"></span>c\u00f3 la <span class=\"_ _c2\"></span>Resoluci\u00f3n <span class=\"_ _c2\"></span>Suprema <span class=\"_ _c2\"></span>N\u00b0 <span class=\"_ _c5\"></span>006-2019-EM, <span class=\"_ _c2\"></span>mediante <span class=\"_ _c2\"></span>la <span class=\"_ _c2\"></span>cual <span class=\"_ _c5\"></span>se <span class=\"_ _c2\"></span>cre\u00f3 <span class=\"_ _c2\"></span>la <span class=\"_ _c5\"></span>Comisi\u00f3n <span class=\"_ _c2\"></span>Multisectorial <span class=\"_ _c2\"></span>para <span class=\"_ _c2\"></span>la Reforma <span class=\"_ _c8\"></span>del <span class=\"_ _c4\"></span>Subsector <span class=\"_ _c4\"></span>Electricidad <span class=\"_ _c8\"></span>(CRSE), <span class=\"_ _c4\"></span>con <span class=\"_ _c8\"></span>la <span class=\"_ _c8\"></span>finalidad <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>r<span class=\"_ _1\"></span>evisa<span class=\"_ _0\"></span>r <span class=\"_ _c8\"></span>y <span class=\"_ _c2\"></span>ajustar<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>el <span class=\"_ _c8\"></span>mar<span class=\"_ _1\"></span>co <span class=\"_ _c4\"></span>normativo <span class=\"_ _c4\"></span>y regulatorio <span class=\"_ _1\"></span>vigente, conducente a <span class=\"_ _c4\"></span>optimizar el <span class=\"_ _1\"></span>desarrollo eficiente <span class=\"_ _1\"></span>del m<span class=\"_ _1\"></span>ercado el\u00e9ctrico <span class=\"_ _1\"></span>peruano <span class=\"_ _1\"></span>dentro<span class=\"_ _0\"></span> de <span class=\"_ _c4\"></span>est\u00e1ndares <span class=\"_ _c4\"></span>y <span class=\"_ _c4\"></span>buenas <span class=\"_ _1\"></span>pr<span class=\"_ _1\"></span>\u00e1cticas <span class=\"_ _c4\"></span>internacionale<span class=\"_ _0\"></span>s, <span class=\"_ _c4\"></span>y <span class=\"_ _c8\"></span>con <span class=\"_ _c4\"></span>ello <span class=\"_ _c4\"></span>garantizar <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>sostenibilidad <span class=\"_ _1\"></span>del <span class=\"_ _c4\"></span>Subsector Electricidad. A cierre<span class=\"_ _0\"></span> del ejercicio 2022 este proce<span class=\"_ _0\"></span>so contin\u00faa abierto. Sector El\u00e9ctrico<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>en Chile<span class=\"ff3\">  </span>El marco legal que <span class=\"_ _1\"></span>rige el negocio <span class=\"_ _1\"></span>de la <span class=\"_ _1\"></span>transmisi<span class=\"_ _0\"></span>\u00f3n el\u00e9ctrica <span class=\"_ _1\"></span>en Chile se <span class=\"_ _1\"></span>rige por el <span class=\"_ _1\"></span>DFL N\u00b04/2006, que Fija el Tex<span class=\"_ _0\"></span>to Refundid<span class=\"_ _0\"></span>o, Coordin<span class=\"_ _0\"></span>ado y Sis<span class=\"_ _0\"></span>tematizado del <span class=\"_ _0\"></span>Decreto co<span class=\"_ _0\"></span>n Fuerza d<span class=\"_ _0\"></span>e Ley <span class=\"_ _0\"></span>N\u00b01, de <span class=\"_ _0\"></span>Miner\u00eda, d<span class=\"_ _0\"></span>e 1982, <span class=\"_ _c2\"></span>la <span class=\"_ _c2\"></span>Ley <span class=\"_ _c5\"></span>General <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>Ser<span class=\"_ _1\"></span>vicios <span class=\"_ _c2\"></span>El\u00e9ctricos <span class=\"_ _c8\"></span>(<span class=\"_ _1\"></span>DFL(M<span class=\"_ _0\"></span>) <span class=\"_ _c5\"></span>N\u00ba <span class=\"_ _c2\"></span>1/82) <span class=\"_ _c2\"></span>y <span class=\"_ _c5\"></span>sus<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>po<span class=\"_ _0\"></span>st<span class=\"_ _1\"></span>eriores <span class=\"_ _c8\"></span>modificaciones, <span class=\"_ _c2\"></span>que incluye <span class=\"_ _c4\"></span>la <span class=\"_ _c8\"></span>Ley <span class=\"_ _c4\"></span>19.940 <span class=\"_ _c4\"></span>(Ley <span class=\"_ _c4\"></span>Corta <span class=\"_ _c4\"></span>I), <span class=\"_ _c8\"></span>promulgada <span class=\"_ _c4\"></span>el <span class=\"_ _c4\"></span>13 <span class=\"_ _c8\"></span>de <span class=\"_ _c4\"></span>marzo <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>2004, <span class=\"_ _c4\"></span>la <span class=\"_ _c8\"></span>Ley <span class=\"_ _c4\"></span>20.018 <span class=\"_ _c4\"></span>(Ley <span class=\"_ _c8\"></span>Corta <span class=\"_ _c4\"></span>II), promulgada <span class=\"_ _1\"></span>el 19 <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>mayo de <span class=\"_ _1\"></span>2005 <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>Ley <span class=\"_ _1\"></span>20.257 (Generaci\u00f3n <span class=\"_ _1\"></span>con Fuentes <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>Energ\u00edas <span class=\"_ _1\"></span>Renova<span class=\"_ _0\"></span>bles no <span class=\"_ _c4\"></span>Convencionales), <span class=\"_ _c4\"></span>promulgada <span class=\"_ _c4\"></span>el <span class=\"_ _c8\"></span>1 <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>abril <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>2008. <span class=\"_ _c8\"></span>Estas <span class=\"_ _c4\"></span>normas <span class=\"_ _c4\"></span>se <span class=\"_ _c4\"></span>complementan <span class=\"_ _c8\"></span>con <span class=\"_ _c4\"></span>el <span class=\"_ _c8\"></span>Regla-<span class=\"_ _29d\"> </span>mento de la Ley General de Servicios El\u00e9ctricos de 1997 (Decreto Supre<span class=\"_ _0\"></span>mo N\u00ba <span class=\"_ _1\"></span>327/97 del Ministerio de<span class=\"_ _0\"></span> Miner\u00eda) <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>sus <span class=\"_ _1\"></span>respectivas <span class=\"_ _1\"></span>modificaciones, <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>adem\u00e1s <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>la <span class=\"_ _c4\"></span>Norma <span class=\"_ _1\"></span>T\u00e9cnica <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>Seguridad <span class=\"_ _1\"></span>y <span class=\"_ _c4\"></span>Calid<span class=\"_ _0\"></span>ad <span class=\"_ _1\"></span>de Servicio (R.M.EXTA<span class=\"_ _0\"></span> N\u00b040 del 16 de mayo de 200<span class=\"_ _0\"></span>5) y sus modificaciones<span class=\"_ _0\"></span> posteriores.   Con <span class=\"_ _c8\"></span>f<span class=\"_ _1\"></span>echa <span class=\"_ _c8\"></span>11 <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>julio <span class=\"_ _c2\"></span>de <span class=\"_ _c8\"></span>2016, <span class=\"_ _c2\"></span>fue <span class=\"_ _c5\"></span>p<span class=\"_ _0\"></span>romulgada <span class=\"_ _c2\"></span>la <span class=\"_ _c8\"></span>nueva <span class=\"_ _c2\"></span>Ley <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>Transmisi\u00f3n <span class=\"_ _c8\"></span>que <span class=\"_ _c2\"></span>crea <span class=\"_ _c2\"></span>un <span class=\"_ _c2\"></span>organism<span class=\"_ _0\"></span>o Coordinador <span class=\"_ _d3\"> </span>Independie<span class=\"_ _0\"></span>nte <span class=\"_ _d3\"> </span>del <span class=\"_ _d3\"> </span>Sistema <span class=\"_ _d3\"> </span>El\u00e9ctrico <span class=\"_ _d3\"> </span>Nacional, <span class=\"_ _c9\"> </span>llamada <span class=\"_ _d3\"> </span>Coordinador <span class=\"_ _d3\"> </span>El\u00e9ctrico <span class=\"_ _c9\"> </span>Nacional (CEN); <span class=\"_ _c2\"></span>adem\u00e1s <span class=\"_ _c2\"></span>establece <span class=\"_ _c2\"></span>un <span class=\"_ _c2\"></span>nuevo <span class=\"_ _c2\"></span>Sistema <span class=\"_ _c2\"></span>de <span class=\"_ _c8\"></span>Tr<span class=\"_ _1\"></span>ansmisi\u00f3n <span class=\"_ _c8\"></span>El\u00e9ctrica <span class=\"_ _c2\"></span>en <span class=\"_ _c5\"></span>donde<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>las<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>instalaciones<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>del sistema Tro<span class=\"_ _0\"></span>ncal, Subtran<span class=\"_ _0\"></span>smisi\u00f3n y <span class=\"_ _0\"></span>Adicional p<span class=\"_ _0\"></span>asaron a <span class=\"_ _0\"></span>conformar p<span class=\"_ _0\"></span>arte de<span class=\"_ _0\"></span>l Sistema de<span class=\"_ _0\"></span> Transmisi\u00f3<span class=\"_ _0\"></span>n Na-<span class=\"_ _29d\"> </span>cional, Zonal y Dedicado<span class=\"_ _0\"></span>, respectivamente.   El 25 de mayo de 2021, se public\u00f3 en el Diari<span class=\"_ _0\"></span>o Oficial el Decreto Supr<span class=\"_ _1\"></span>emo<span class=\"_ _0\"></span> 37 del Ministerio de Energ\u00eda, que apru<span class=\"_ _0\"></span>eba el <span class=\"_ _0\"></span>reglamento <span class=\"_ _0\"></span>de los S<span class=\"_ _0\"></span>istemas de<span class=\"_ _0\"></span> Tr<span class=\"_ _0\"></span>ansmisi\u00f3n y <span class=\"_ _0\"></span>de la <span class=\"_ _0\"></span>Planificaci\u00f3n <span class=\"_ _0\"></span>de la<span class=\"_ _0\"></span> Transmisi\u00f3n. E<span class=\"_ _0\"></span>ste Decreto a\u00fan no ha acabado su t<span class=\"_ _1\"></span>ramitaci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>administrativa. El Decreto estable<span class=\"_ _0\"></span>ce <span class=\"_ _1\"></span>la regulaci\u00f3n de acceso abierto <span class=\"_ _c4\"></span>a <span class=\"_ _c4\"></span>las <span class=\"_ _c4\"></span>instalaciones <span class=\"_ _1\"></span>de <span class=\"_ _c8\"></span>Trans<span class=\"_ _0\"></span>misi\u00f3n <span class=\"_ _c4\"></span>y, <span class=\"_ _c8\"></span>en <span class=\"_ _1\"></span>particular, <span class=\"_ _c4\"></span>a <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>posibilidad <span class=\"_ _1\"></span>de <span class=\"_ _c8\"></span>acceder <span class=\"_ _1\"></span>a <span class=\"_ _c8\"></span>la <span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ransmisi<span class=\"_ _0\"></span>\u00f3n de <span class=\"_ _c2\"></span>datos <span class=\"_ _c2\"></span>por <span class=\"_ _c2\"></span>fibra <span class=\"_ _c2\"></span>\u00f3ptica <span class=\"_ _c8\"></span>por<span class=\"_ _1\"></span> <span class=\"_ _c2\"></span>parte <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>terceros <span class=\"_ _c2\"></span>interesados <span class=\"_ _c8\"></span>(particularmente <span class=\"_ _c8\"></span>las <span class=\"_ _c2\"></span>em<span class=\"_ _1\"></span>presas<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>genera-<span class=\"_ _29d\"> </span>ci\u00f3n).   Con <span class=\"_ _0\"></span>fecha 16 <span class=\"_ _0\"></span>de febre<span class=\"_ _0\"></span>ro de <span class=\"_ _0\"></span>2023 <span class=\"_ _0\"></span>se ha <span class=\"_ _0\"></span>aprobado <span class=\"_ _0\"></span>por parte<span class=\"_ _0\"></span> del <span class=\"_ _0\"></span>Ministerio <span class=\"_ _0\"></span>de Energ\u00eda <span class=\"_ _0\"></span>el Decre<span class=\"_ _0\"></span>to Tarifari<span class=\"_ _0\"></span>o que <span class=\"_ _c4\"></span>fija <span class=\"_ _c4\"></span>el <span class=\"_ _c4\"></span>valor <span class=\"_ _c4\"></span>anual <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>las <span class=\"_ _c8\"></span>instalaciones<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>tr<span class=\"_ _1\"></span>ansmisi\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _c4\"></span>nacional <span class=\"_ _c4\"></span>para <span class=\"_ _c4\"></span>el <span class=\"_ _c4\"></span>cuadrienio <span class=\"_ _c4\"></span>2020-2023.<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>Res-<span class=\"_ _29d\"> </span>pecto a e<span class=\"_ _0\"></span>ste punto cabe <span class=\"_ _0\"></span>a\u00f1adir que<span class=\"_ _0\"></span> se ha in<span class=\"_ _0\"></span>iciado el p<span class=\"_ _0\"></span>roceso de <span class=\"_ _0\"></span>Valorizaci\u00f3n de Ins<span class=\"_ _0\"></span>talaciones de T<span class=\"_ _0\"></span>rans-<span class=\"_ _29d\"> </span>misi\u00f3n Nacional cua<span class=\"_ _0\"></span>drienio 2024-2027.<span class=\"_ _0\"></span> Por <span class=\"_ _c4\"></span>\u00faltimo, <span class=\"_ _c4\"></span>en <span class=\"_ _1\"></span>noviembre <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>2022, <span class=\"_ _c4\"></span>se <span class=\"_ _c4\"></span>promulg\u00f3<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>y <span class=\"_ _c4\"></span>public\u00f3 <span class=\"_ _c4\"></span>en <span class=\"_ _c4\"></span>el <span class=\"_ _c4\"></span>Diario <span class=\"_ _1\"></span>Oficial <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>ley <span class=\"_ _c4\"></span>N\u00b0 <span class=\"_ _c4\"></span>21.505 <span class=\"_ _c4\"></span>que <span class=\"_ _1\"></span>pr<span class=\"_ _1\"></span>o-<span class=\"_ _29d\"> </span>mueve <span class=\"_ _c8\"></span>el <span class=\"_ _c8\"></span>almacenamiento <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>energ\u00eda <span class=\"_ _c8\"></span>el\u00e9ctrica <span class=\"_ _c8\"></span>y <span class=\"_ _c8\"></span>la <span class=\"_ _c8\"></span>electromovilidad, <span class=\"_ _c8\"></span>que <span class=\"_ _c4\"></span>tiene <span class=\"_ _c8\"></span>por <span class=\"_ _c2\"></span>objeto <span class=\"_ _c8\"></span>modificar <span class=\"_ _c8\"></span>la LGSE, <span class=\"_ _c4\"></span>con <span class=\"_ _c8\"></span>el <span class=\"_ _c8\"></span>fin <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>promover <span class=\"_ _c4\"></span>el <span class=\"_ _c8\"></span>desarrollo <span class=\"_ _c8\"></span>de <span class=\"_ _c4\"></span>los <span class=\"_ _c8\"></span>sistemas <span class=\"_ _c8\"></span>de <span class=\"_ _c4\"></span>almacenamiento <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>energ\u00eda <span class=\"_ _c4\"></span>el\u00e9ctrica <span class=\"_ _c4\"></span>y fomentar la electromo<span class=\"_ _0\"></span>vilidad en el pa\u00eds.  Sector El\u00e9ctrico<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>en Brasil<span class=\"ffe fsd fc0\">  </span>En <span class=\"_ _0\"></span>Brasil, <span class=\"_ _bf\"></span>el <span class=\"_ _0\"></span>modelo <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>transmisi\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>basa<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>en <span class=\"_ _bf\"></span>un <span class=\"_ _0\"></span>modelo <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>concesi\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>p\u00fablica, <span class=\"_ _bf\"></span>cuyos <span class=\"_ _0\"></span>principios <span class=\"_ _bf\"></span>b\u00e1sicos de servicio <span class=\"_ _1\"></span>p\u00fablic<span class=\"_ _0\"></span>o <span class=\"_ _1\"></span>quedan recogidos en la Constituci\u00f3n de <span class=\"_ _1\"></span>1988 y los <span class=\"_ _1\"></span>principio<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>que regulan las <span class=\"_ _1\"></span>con<span class=\"_ _0\"></span>ce-<span class=\"_ _29d\"> </span>siones <span class=\"_ _c5\"></span>en <span class=\"_ _c5\"></span>la <span class=\"_ _c2\"></span>Ley <span class=\"_ _c5\"></span>8.987 <span class=\"_ _c5\"></span>y <span class=\"_ _c5\"></span>Ley <span class=\"_ _c5\"></span>9.074<span class=\"_ _0\"></span> <span class=\"_ _c5\"> </span>de <span class=\"_ _c5\"> </span>1995 <span class=\"_ _c5\"></span>resp<span class=\"_ _0\"></span>ectivamente. <span class=\"_ _c5\"></span>En <span class=\"_ _c5\"></span>dicho<span class=\"_ _0\"></span> <span class=\"_ _c5\"> </span>marco <span class=\"_ _c5\"> </span>se <span class=\"_ _c5\"></span>establece<span class=\"_ _0\"></span> <span class=\"_ _c5\"> </span>que <span class=\"_ _c5\"> </span>los contratos <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>concesi\u00f3n <span class=\"_ _1\"></span>son <span class=\"_ _1\"></span>contratos <span class=\"_ _1\"></span>administrativos <span class=\"_ _c4\"></span>suscritos <span class=\"_ _1\"></span>con <span class=\"_ _c4\"></span>el <span class=\"_ _1\"></span>gobierno <span class=\"_ _1\"></span>federal <span class=\"_ _c4\"></span>(nivel <span class=\"_ _1\"></span>nacional), representado <span class=\"_ _1\"></span>por <span class=\"_ _1\"></span>ANEEL <span class=\"_ _c4\"></span>(agencia reguladora), <span class=\"_ _1\"></span>que <span class=\"_ _c4\"></span>no <span class=\"_ _1\"></span>pueden <span class=\"_ _1\"></span>ser <span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>odifica<span class=\"_ _0\"></span>dos <span class=\"_ _c4\"></span>o <span class=\"_ _1\"></span>resueltos <span class=\"_ _c4\"></span>antici<span class=\"_ _0\"></span>pada-<span class=\"_ _29d\"> </span>mente por el Gobierno<span class=\"_ _0\"></span> salvo por causas <span class=\"_ _0\"></span>justificadas de utilida<span class=\"_ _0\"></span>d p\u00fablica.   Bajo este mod<span class=\"_ _0\"></span>elo, la con<span class=\"_ _0\"></span>cesi\u00f3n de <span class=\"_ _0\"></span>las instalacion<span class=\"_ _0\"></span>es de red b<span class=\"_ _0\"></span>\u00e1sica de tran<span class=\"_ _0\"></span>sporte es li<span class=\"_ _0\"></span>citada por ANEE<span class=\"_ _0\"></span>L a trav\u00e9s <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>subastas. <span class=\"_ _bf\"></span>Las <span class=\"_ _0\"></span>sub<span class=\"_ _0\"></span>astas <span class=\"_ _0\"></span>determina<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>las <span class=\"_ _bf\"></span>empresas <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>transmisi\u00f3n <span class=\"_ _bf\"></span>que <span class=\"_ _0\"></span>van <span class=\"_ _bf\"></span>a <span class=\"_ _0\"></span>construir, <span class=\"_ _bf\"></span>mantener y <span class=\"_ _1\"></span>operar los <span class=\"_ _1\"></span>activos <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>electricidad durante <span class=\"_ _1\"></span>el periodo <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>concesi\u00f3n. Como <span class=\"_ _1\"></span>remuneraci\u00f3n por la <span class=\"_ _c4\"></span>presta-<span class=\"_ _29d\"> </span>ci\u00f3n del servicio durante este <span class=\"_ _1\"></span>periodo,<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>las empresas de transmisi\u00f3n reciben unos ingresos, definidos en<span class=\"_ _0\"></span> la <span class=\"_ _0\"></span>subasta, <span class=\"_ _0\"></span>deno<span class=\"_ _0\"></span>minados <span class=\"_ _0\"></span>Ingreso<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>Anuales <span class=\"_ _0\"></span>Permit<span class=\"_ _0\"></span>idos, <span class=\"_ _0\"></span>(en <span class=\"_ _0\"></span>portugu\u00e9s<span class=\"_ _0\"></span>, R<span class=\"_ _0\"></span>eceita <span class=\"_ _0\"></span>Anual <span class=\"_ _bf\"></span>Permitida <span class=\"_ _0\"></span>\u2013 <span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>AP).   Respecto a l<span class=\"_ _0\"></span>a regulaci\u00f3n<span class=\"_ _0\"></span> sectorial, no exis<span class=\"_ _0\"></span>ten leye<span class=\"_ _0\"></span>s que regulen <span class=\"_ _0\"></span>la activid<span class=\"_ _0\"></span>ad de trans<span class=\"_ _0\"></span>misi\u00f3n con car\u00e1<span class=\"_ _0\"></span>ct<span class=\"_ _1\"></span>e<span class=\"_ _0\"></span>r general <span class=\"_ _c5\"></span>sino <span class=\"_ _c2\"></span>aspectos <span class=\"_ _c5\"></span>espe<span class=\"_ _0\"></span>c\u00edficos, <span class=\"_ _c5\"></span>(e.g. <span class=\"_ _c5\"></span>extensi<span class=\"_ _0\"></span>\u00f3n <span class=\"_ _c5\"></span>de <span class=\"_ _c2\"></span>vida <span class=\"_ _c5\"> </span>de <span class=\"_ _c5\"></span>concesio<span class=\"_ _0\"></span>nes <span class=\"_ _c5\"></span>por <span class=\"_ _c2\"></span>Ley <span class=\"_ _c5\"></span>12.783 <span class=\"_ _c5\"></span>de <span class=\"_ _c2\"></span>2013), adem\u00e1s <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>existir <span class=\"_ _c4\"></span>ordenanzas <span class=\"_ _1\"></span>ministeriales <span class=\"_ _1\"></span>y <span class=\"_ _c4\"></span>gubernamentales, <span class=\"_ _1\"></span>siendo <span class=\"_ _c4\"></span>las <span class=\"_ _1\"></span>reglas <span class=\"_ _c4\"></span>particulares <span class=\"_ _c4\"></span>aquell<span class=\"_ _0\"></span>as incluida<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>dentro de los con<span class=\"_ _0\"></span>tratos de concesi\u00f3n.  c) <span class=\"_ _c7\"> </span>Telecomunicaciones<span class=\"ff3 fc1\"> <span class=\"_ _0\"></span> </span>Telecomunicaciones e<span class=\"_ _0\"></span>n Espa\u00f1a<span class=\"ffe fsd fc0\"> <span class=\"fc2\"> </span></span>Hasta la p<span class=\"_ _0\"></span>ublicaci\u00f3n, <span class=\"_ _0\"></span>en junio <span class=\"_ _0\"></span>de este a\u00f1o<span class=\"_ _0\"></span>, de la <span class=\"_ _0\"></span>Ley 11/2022<span class=\"_ _0\"></span>, de 28 <span class=\"_ _0\"></span>de juni<span class=\"_ _0\"></span>o, General de<span class=\"_ _0\"></span> Telecomunic<span class=\"_ _0\"></span>a-<span class=\"_ _29d\"> </span>ciones, <span class=\"_ _0\"></span>el <span class=\"_ _bf\"></span>sector <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _bf\"></span>telecomunicacion<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>en <span class=\"_ _bf\"></span>Espa\u00f1a <span class=\"_ _bf\"></span>se <span class=\"_ _0\"></span>reg\u00eda <span class=\"_ _0\"></span>por <span class=\"_ _bf\"></span>la <span class=\"_ _bf\"></span>Ley <span class=\"_ _0\"></span>9/2014, <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>9 <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>m<span class=\"_ _1\"></span>ayo, <span class=\"_ _bf\"></span>General de Telecomunicaciones<span class=\"_ _0\"></span> (LGT<span class=\"_ _1\"></span>) cuyo principal objetivo es la <span class=\"_ _1\"></span>promoci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _1\"></span>de la competencia en el mercado y <span class=\"_ _0\"></span>garantizar <span class=\"_ _bf\"></span>el a<span class=\"_ _0\"></span>cceso <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>redes, <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _bf\"></span>Real <span class=\"_ _0\"></span>Decreto <span class=\"_ _0\"></span>330/2016<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>9 <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>eptiembre, <span class=\"_ _0\"></span>relativo <span class=\"_ _bf\"></span>a me<span class=\"_ _0\"></span>didas<span class=\"_ _0\"></span> para redu<span class=\"_ _0\"></span>cir el <span class=\"_ _0\"></span>coste <span class=\"_ _0\"></span>real <span class=\"_ _0\"></span>de desp<span class=\"_ _0\"></span>liegue de<span class=\"_ _0\"></span> las <span class=\"_ _0\"></span>redes <span class=\"_ _0\"></span>de co<span class=\"_ _0\"></span>municaciones <span class=\"_ _0\"></span>electr\u00f3nicas<span class=\"_ _0\"></span> de <span class=\"_ _0\"></span>alta ve<span class=\"_ _0\"></span>locidad.   La <span class=\"_ _c4\"></span>citada <span class=\"_ _c8\"></span>Ley <span class=\"_ _c4\"></span>9/2014 <span class=\"_ _c8\"></span>est\u00e1 <span class=\"_ _c4\"></span>desarrollada <span class=\"_ _c4\"></span>por <span class=\"_ _c8\"></span>el <span class=\"_ _c4\"></span>Real <span class=\"_ _c4\"></span>Decret<span class=\"_ _1\"></span>o <span class=\"_ _c4\"></span>123/2017, <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>24 <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>febrero, <span class=\"_ _c4\"></span>por <span class=\"_ _c8\"></span>el <span class=\"_ _c4\"></span>que <span class=\"_ _c8\"></span>se<span class=\"_ _0\"></span> aprueba <span class=\"_ _c8\"></span>el <span class=\"_ _c8\"></span>Reglamento <span class=\"_ _c8\"></span>sobre <span class=\"_ _c2\"></span>el <span class=\"_ _c8\"></span>uso <span class=\"_ _c8\"></span>del <span class=\"_ _c8\"></span>dominio <span class=\"_ _c8\"></span>p\u00fablico <span class=\"_ _c2\"></span>radioel\u00e9ctrico,<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>que <span class=\"_ _c2\"></span>tambi\u00e9n <span class=\"_ _c8\"></span>regula <span class=\"_ _c8\"></span>el <span class=\"_ _c2\"></span>otorga-<span class=\"_ _29d\"> </span>miento <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>derechos <span class=\"_ _c2\"></span>de <span class=\"_ _c8\"></span>uso <span class=\"_ _c2\"></span>del <span class=\"_ _c2\"></span>r<span class=\"_ _1\"></span>ecurso <span class=\"_ _c8\"></span>\u00f3rbita-espectro <span class=\"_ _c8\"></span>y <span class=\"_ _c5\"></span>los <span class=\"_ _c8\"></span>t\u00edtulos <span class=\"_ _c2\"></span>habilitantes <span class=\"_ _c2\"></span>del <span class=\"_ _c2\"></span>segmento <span class=\"_ _c8\"></span>ter<span class=\"_ _1\"></span>reno<span class=\"_ _0\"></span> satelital <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>espectro asociado <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>mismo. <span class=\"_ _1\"></span>Conforme<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>a est<span class=\"_ _1\"></span>o, <span class=\"_ _1\"></span>Reintel e <span class=\"_ _1\"></span>Hispasat <span class=\"_ _1\"></span>est\u00e1n <span class=\"_ _1\"></span>inscritas en <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>Re-<span class=\"_ _29d\"> </span>gistro <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>Operadores<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>Comunicaciones <span class=\"_ _1\"></span>electr\u00f3nica<span class=\"_ _0\"></span>s, <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>la <span class=\"_ _1\"></span>CNMC <span class=\"_ _1\"></span>y, <span class=\"_ _1\"></span>en <span class=\"_ _c4\"></span>lo <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>concierne <span class=\"_ _1\"></span>a <span class=\"_ _c4\"></span>Hispasat, tiene <span class=\"_ _1\"></span>otorgadas las <span class=\"_ _c4\"></span>correspondien<span class=\"_ _0\"></span>tes <span class=\"_ _c4\"></span>autorizacion<span class=\"_ _0\"></span>es <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>segmento <span class=\"_ _1\"></span>terreno y <span class=\"_ _c4\"></span>concesiones <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>uso <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>es-<span class=\"_ _29d\"> </span>pectro radioel\u00e9ctri<span class=\"_ _0\"></span>co asociadas, as\u00ed<span class=\"_ _0\"></span> como las concesio<span class=\"_ _0\"></span>nes para la explotaci\u00f3<span class=\"_ _0\"></span>n de varios recursos<span class=\"_ _0\"></span> \u00f3rbita-<span class=\"_ _29d\"> </span>espectro.  El <span class=\"_ _1\"></span>marco <span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>egulatorio <span class=\"_ _1\"></span>europe<span class=\"_ _0\"></span>o <span class=\"_ _c4\"></span>est\u00e1 <span class=\"_ _1\"></span>compuesto <span class=\"_ _1\"></span>por <span class=\"_ _c4\"></span>la <span class=\"_ _1\"></span>Directiva <span class=\"_ _1\"></span>(UE) <span class=\"_ _c4\"></span>2018/<span class=\"_ _0\"></span>1972, <span class=\"_ _1\"></span>por <span class=\"_ _c4\"></span>la <span class=\"_ _1\"></span>que <span class=\"_ _c4\"></span>se <span class=\"_ _1\"></span>establece el <span class=\"_ _d4\"> </span>C\u00f3digo <span class=\"_ _d4\"> </span>Europeo <span class=\"_ _d4\"> </span>de <span class=\"_ _d4\"> </span>las <span class=\"_ _d4\"> </span>Comunica<span class=\"_ _0\"></span>ciones <span class=\"_ _d4\"> </span>Electr\u00f3nicas <span class=\"_ _d4\"> </span>(versi\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _b9\"> </span>refundida<span class=\"_ _0\"></span>), <span class=\"_ _d4\"> </span>por <span class=\"_ _b9\"> </span>la <span class=\"_ _d4\"> </span>Di<span class=\"_ _0\"></span>rect<span class=\"_ _1\"></span>iva<span class=\"_ _0\"></span> 2009/136/CE, <span class=\"_ _c8\"></span>del <span class=\"_ _c8\"></span>Parlamento <span class=\"_ _c2\"></span>Europeo <span class=\"_ _c8\"></span>y <span class=\"_ _c2\"></span>del <span class=\"_ _c2\"></span>Consejo,<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>25 <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>noviembre <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>2009 <span class=\"_ _c8\"></span>(Derechos <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>los Usuarios), <span class=\"_ _c4\"></span>y <span class=\"_ _1\"></span>la <span class=\"_ _c8\"></span>Directiva <span class=\"_ _1\"></span>2009/140/CE <span class=\"_ _c4\"></span>(Mejor <span class=\"_ _c4\"></span>Regulaci\u00f3<span class=\"_ _0\"></span>n). <span class=\"_ _c8\"></span>En <span class=\"_ _1\"></span>base <span class=\"_ _c8\"></span>a <span class=\"_ _c4\"></span>esta <span class=\"_ _1\"></span>normativa, <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>LGT <span class=\"_ _c4\"></span>introduce medidas <span class=\"_ _1\"></span>destinadas a <span class=\"_ _c4\"></span>crear <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>marco <span class=\"_ _1\"></span>adecuado <span class=\"_ _1\"></span>para <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ealizaci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>inversiones <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>despliegue de redes <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>nueva <span class=\"_ _c4\"></span>generac<span class=\"_ _0\"></span>i\u00f3n, <span class=\"_ _c4\"></span>permitiendo <span class=\"_ _c4\"></span>a <span class=\"_ _c4\"></span>los <span class=\"_ _c4\"></span>operadores<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>ofrecer <span class=\"_ _1\"></span>servicios <span class=\"_ _c4\"></span>innovadores <span class=\"_ _1\"></span>y <span class=\"_ _c8\"></span>tecnol\u00f3g<span class=\"_ _0\"></span>ica-<span class=\"_ _29d\"> </span>mente m\u00e1s adecuado<span class=\"_ _0\"></span>s a las necesidades<span class=\"_ _0\"></span> de <span class=\"_ _1\"></span>los <span class=\"_ _0\"></span>ciudadanos.   En <span class=\"_ _0\"></span>l\u00ednea <span class=\"_ _bf\"></span>con <span class=\"_ _0\"></span>lo <span class=\"_ _0\"></span>anterior, <span class=\"_ _bf\"></span>es <span class=\"_ _0\"></span>asimismo <span class=\"_ _bf\"></span>r<span class=\"_ _1\"></span>elevan<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>destacar <span class=\"_ _0\"></span>la <span class=\"_ _bf\"></span>Directiva <span class=\"_ _0\"></span>2014/61/UE<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>relativa <span class=\"_ _0\"></span>a <span class=\"_ _bf\"></span>m<span class=\"_ _1\"></span>edida<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>para reducir el coste <span class=\"_ _1\"></span>del despli<span class=\"_ _0\"></span>egue <span class=\"_ _1\"></span>de las redes de <span class=\"_ _1\"></span>comunicacion<span class=\"_ _0\"></span>es <span class=\"_ _1\"></span>electr\u00f3nic<span class=\"_ _0\"></span>as de <span class=\"_ _1\"></span>alta velocidad (RCEA<span class=\"_ _0\"></span>V) cuyo <span class=\"_ _c2\"></span>obj<span class=\"_ _1\"></span>eto <span class=\"_ _c5\"></span>principal <span class=\"_ _c2\"></span>es <span class=\"_ _c2\"></span>agilizar <span class=\"_ _c5\"></span>la <span class=\"_ _c5\"></span>implementaci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _c5\"></span>de <span class=\"_ _c5\"></span>la <span class=\"_ _c2\"></span>\u201c<span class=\"_ _1\"></span>Agenda <span class=\"_ _c2\"></span>Digital\u201d <span class=\"_ _c5\"></span>de <span class=\"_ _c5\"></span>la <span class=\"_ _c2\"></span>Uni\u00f3n <span class=\"_ _c5\"></span>Europea <span class=\"_ _c5\"></span>(UE),<span class=\"_ _0\"></span> publicada<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>en mayo d<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>20<span class=\"_ _0\"></span>10. <span class=\"_ _1\"></span>Esta<span class=\"_ _0\"></span> Directiva fue traspuesta<span class=\"_ _0\"></span> al ordenamiento jur\u00eddico<span class=\"_ _0\"></span> nacional mediante e<span class=\"_ _0\"></span>l Real <span class=\"_ _bf\"></span>Decreto <span class=\"_ _bf\"></span>330/2016, <span class=\"_ _bf\"></span>relativo <span class=\"_ _bf\"></span>a <span class=\"_ _bf\"></span>medidas <span class=\"_ _bf\"></span>para <span class=\"_ _bf\"></span>reducir <span class=\"_ _bf\"></span>el <span class=\"_ _bf\"></span>coste <span class=\"_ _bf\"></span>del <span class=\"_ _0\"></span>desplie<span class=\"_ _0\"></span>gue <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>las <span class=\"_ _0\"></span>RC<span class=\"_ _0\"></span>EAV. <span class=\"_ _bf\"></span>La <span class=\"_ _bf\"></span>referida normativa (Directiva 201<span class=\"_ _0\"></span>4/61/UE y el RD 330/2016) incide<span class=\"_ _0\"></span> en garantizar el acceso de los operado<span class=\"_ _0\"></span>res de redes p\u00fablicas de comunicacione<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>electr\u00f3nicas a las infraestructuras susceptibles de alojar redes <span class=\"_ _1\"></span>p\u00fabli<span class=\"_ _0\"></span>-<span class=\"_ _29d\"> </span>cas <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>comunicacio<span class=\"_ _0\"></span>nes <span class=\"_ _1\"></span>electr\u00f3nicas. <span class=\"_ _1\"></span>En <span class=\"_ _1\"></span>este <span class=\"_ _1\"></span>sentido, <span class=\"_ _1\"></span>la <span class=\"_ _c4\"></span>normativa <span class=\"_ _1\"></span>obliga<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>a <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>propietarios, <span class=\"_ _1\"></span>gestores o titulares <span class=\"_ _c4\"></span>de <span class=\"_ _c2\"></span>derechos <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>utilizaci\u00f3n <span class=\"_ _c4\"></span>de <span class=\"_ _c2\"></span>infraestructuras<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>f\u00edsicas <span class=\"_ _c8\"></span>susceptibles <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>alojar <span class=\"_ _c8\"></span>redes <span class=\"_ _c8\"></span>p\u00fablicas <span class=\"_ _c4\"></span>de comunicaciones <span class=\"_ _c4\"></span>electr\u00f3nicas <span class=\"_ _c4\"></span>de <span class=\"_ _c2\"></span>alta <span class=\"_ _c4\"></span>velocidad <span class=\"_ _c8\"></span>(entre <span class=\"_ _c8\"></span>ellos <span class=\"_ _c8\"></span>se <span class=\"_ _c8\"></span>incluyen <span class=\"_ _c8\"></span>a <span class=\"_ _c8\"></span>los <span class=\"_ _c8\"></span>operadores <span class=\"_ _c8\"></span>de <span class=\"_ _c4\"></span>redes <span class=\"_ _c8\"></span>que proporcionen<span class=\"_ _0\"></span> una infraes<span class=\"_ _0\"></span>tructura f\u00edsica<span class=\"_ _0\"></span> destinada<span class=\"_ _0\"></span> al tran<span class=\"_ _0\"></span>sporte de <span class=\"_ _0\"></span>electricidad) a<span class=\"_ _0\"></span> atender <span class=\"_ _0\"></span>todas <span class=\"_ _0\"></span>las s<span class=\"_ _0\"></span>olici-<span class=\"_ _29d\"> </span>tudes <span class=\"_ _0\"></span>de a<span class=\"_ _0\"></span>cceso <span class=\"_ _0\"></span>a dich<span class=\"_ _0\"></span>as i<span class=\"_ _0\"></span>nfraestructuras <span class=\"_ _0\"></span>en co<span class=\"_ _0\"></span>ndiciones <span class=\"_ _0\"></span>equitativas<span class=\"_ _0\"></span> y <span class=\"_ _0\"></span>razona<span class=\"_ _0\"></span>bles por <span class=\"_ _0\"></span>parte <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>operado-<span class=\"_ _29d\"> </span>res de telecomunica<span class=\"_ _0\"></span>ciones.  El <span class=\"_ _0\"></span>11 <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>enero <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>2022, <span class=\"_ _bf\"></span>la <span class=\"_ _0\"></span>CNMC <span class=\"_ _bf\"></span>ha <span class=\"_ _0\"></span>public<span class=\"_ _0\"></span>ado <span class=\"_ _0\"></span>su <span class=\"_ _bf\"></span>Comunicaci\u00f3n <span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>/2021, <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>20<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>diciembre, <span class=\"_ _0\"></span>que<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>recoge<span class=\"_ _0\"></span> las Directrices sob<span class=\"_ _0\"></span>re la resoluci\u00f3n de con<span class=\"_ _0\"></span>flictos en materia de a<span class=\"_ _0\"></span>cceso a infraestructura<span class=\"_ _0\"></span>s f\u00edsicas suscepti-<span class=\"_ _29d\"> </span>bles <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>alojar <span class=\"_ _c8\"></span>redes <span class=\"_ _c2\"></span>de <span class=\"_ _c8\"></span>comunicaciones<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>electr\u00f3nicas <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>alta <span class=\"_ _c8\"></span>velocidad <span class=\"_ _c8\"></span>(Comunicaci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>/<span class=\"_ _1\"></span>DTSA/001/21).<span class=\"_ _0\"></span> Tal y como indica la prop<span class=\"_ _0\"></span>ia CNMC en el texto, la Comunicaci\u00f3<span class=\"_ _0\"></span>n tiene una finalidad orientativa del con<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>e-<span class=\"_ _29d\"> </span>nido <span class=\"_ _0\"></span>de la <span class=\"_ _0\"></span>normativa <span class=\"_ _0\"></span>aplicable<span class=\"_ _0\"></span> (RD <span class=\"_ _0\"></span>330/2016) <span class=\"_ _0\"></span>y d<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>la pr\u00e1c<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>ica <span class=\"_ _0\"></span>administrati<span class=\"_ _0\"></span>va existen<span class=\"_ _0\"></span>te, y<span class=\"_ _0\"></span> podr\u00e1 <span class=\"_ _0\"></span>ser <span class=\"_ _0\"></span>objeto de <span class=\"_ _c4\"></span>revisi\u00f3n <span class=\"_ _1\"></span>peri\u00f3dica, <span class=\"_ _c4\"></span>a <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>luz <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>la <span class=\"_ _c8\"></span>evoluci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>dicha <span class=\"_ _c4\"></span>normativa,<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>nuevos <span class=\"_ _c4\"></span>pronunciamientos<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>que <span class=\"_ _c4\"></span>se emitan por este organis<span class=\"_ _0\"></span>mo y, asimismo, de la <span class=\"_ _0\"></span>jurisprudencia que pueda d<span class=\"_ _0\"></span>ictarse en este \u00e1mbito<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>  Unos <span class=\"_ _c4\"></span>meses <span class=\"_ _c4\"></span>m\u00e1s <span class=\"_ _c4\"></span>tarde, <span class=\"_ _1\"></span>el <span class=\"_ _c4\"></span>29 <span class=\"_ _c8\"></span>de <span class=\"_ _c4\"></span>j<span class=\"_ _1\"></span>unio <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>2022, <span class=\"_ _c4\"></span>se <span class=\"_ _c4\"></span>public\u00f3 <span class=\"_ _c4\"></span>en <span class=\"_ _c4\"></span>el <span class=\"_ _c4\"></span>BOE <span class=\"_ _c8\"></span>la <span class=\"_ _1\"></span>citada <span class=\"_ _c8\"></span>Ley <span class=\"_ _c4\"></span>11/2022, <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>28 <span class=\"_ _c4\"></span>de junio, <span class=\"_ _d3\"> </span>G<span class=\"_ _1\"></span>eneral <span class=\"_ _d3\"> </span>de <span class=\"_ _cf\"> </span>Telecomun<span class=\"_ _0\"></span>icaciones. <span class=\"_ _d3\"> </span>La  Le<span class=\"_ _0\"></span>y <span class=\"_ _d3\"> </span>tr<span class=\"_ _1\"></span>anspone <span class=\"_ _d3\"> </span>al <span class=\"_ _cf\"> </span>ordenami<span class=\"_ _0\"></span>ento <span class=\"_ _cf\"> </span>espa\u00f1ol <span class=\"_ _d3\"> </span>la <span class=\"_ _cf\"> </span>Directiva <span class=\"_ _d3\"> </span>de 2018/1972, por el que<span class=\"_ _0\"></span> se establece el C\u00f3dig<span class=\"_ _0\"></span>o Europeo de las Comunica<span class=\"_ _0\"></span>ciones Electr\u00f3nicas.  La <span class=\"_ _0\"></span>aprobaci\u00f3n d<span class=\"_ _0\"></span>e esta <span class=\"_ _0\"></span>Ley <span class=\"_ _0\"></span>sustituye, <span class=\"_ _0\"></span>como <span class=\"_ _0\"></span>ya se<span class=\"_ _0\"></span> ha<span class=\"_ _0\"></span> comentado<span class=\"_ _0\"></span>, a <span class=\"_ _0\"></span>la Le<span class=\"_ _0\"></span>y 9<span class=\"_ _0\"></span>/2014, de <span class=\"_ _0\"></span>9 <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>mayo, <span class=\"_ _0\"></span>General de <span class=\"_ _1\"></span>Telecomunicacio<span class=\"_ _0\"></span>nes. Est<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>Ley constituye una de <span class=\"_ _c4\"></span>las medidas <span class=\"_ _1\"></span>incluidas en <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>Plan de <span class=\"_ _1\"></span>Recuperaci\u00f3n<span class=\"_ _0\"></span>, Transformaci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>y Resilie<span class=\"_ _0\"></span>ncia de la econom\u00eda espa\u00f1o<span class=\"_ _0\"></span>la.  Un aspecto importante de la <span class=\"_ _1\"></span>Ley es el f<span class=\"_ _1\"></span>omento de la inversi\u00f3n en r<span class=\"_ _1\"></span>edes de muy alta capacidad, introdu-<span class=\"_ _29d\"> </span>ciendo <span class=\"_ _1\"></span>figuras <span class=\"_ _1\"></span>como <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>estudios <span class=\"_ _1\"></span>geogr\u00e1ficos <span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>coinversi\u00f3n <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>ut<span class=\"_ _1\"></span>iliz<span class=\"_ _0\"></span>aci\u00f3n <span class=\"_ _c4\"></span>compartid<span class=\"_ _0\"></span>a <span class=\"_ _c4\"></span>del<span class=\"_ _29d\"> </span>dominio <span class=\"_ _0\"></span>p\u00fablico <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>propie<span class=\"_ _0\"></span>dad <span class=\"_ _0\"></span>privada, i<span class=\"_ _0\"></span>ncentivando <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>uso <span class=\"_ _0\"></span>compartido <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>infraestructura<span class=\"_ _0\"></span>s y <span class=\"_ _bf\"></span>recursos asociados y la utiliz<span class=\"_ _0\"></span>aci\u00f3n compartida de los tra<span class=\"_ _0\"></span>mos finales de las redes de <span class=\"_ _0\"></span>acceso.<span class=\"_ _29d\"> </span>Entre <span class=\"_ _c4\"></span>las <span class=\"_ _c4\"></span>pr<span class=\"_ _1\"></span>incipale<span class=\"_ _0\"></span>s <span class=\"_ _c8\"></span>novedades,<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>destaca <span class=\"_ _c4\"></span>el <span class=\"_ _c8\"></span>desplie<span class=\"_ _0\"></span>gue <span class=\"_ _c8\"></span>del <span class=\"_ _c4\"></span>5G: <span class=\"_ _c8\"></span>en <span class=\"_ _c4\"></span>el <span class=\"_ _c4\"></span>\u00e1mbito <span class=\"_ _c8\"></span>de <span class=\"_ _c4\"></span>las <span class=\"_ _c4\"></span>infraestructuras, <span class=\"_ _c4\"></span>la<span class=\"_ _0\"></span> norma establece previsi<span class=\"_ _0\"></span>ones espec\u00edficas para orga<span class=\"_ _0\"></span>nizar el despliegue masivo de redes 5G<span class=\"_ _0\"></span>. <span class=\"_ _1\"></span>Estas r<span class=\"_ _0\"></span>edes impulsar\u00e1n servicio<span class=\"_ _0\"></span>s basados en el internet de<span class=\"_ _0\"></span> las cosas, e incluso los veh<span class=\"_ _0\"></span>\u00edculos aut\u00f3nomos.  Por \u00faltimo, en marz<span class=\"_ _0\"></span>o 2022 se public\u00f3 el Rea<span class=\"_ _0\"></span>l Decreto-ley 7/2022, de<span class=\"_ _0\"></span> 29 de marzo, sob<span class=\"_ _0\"></span>re requisitos para<span class=\"_ _0\"></span> garantizar <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>seguridad <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>las <span class=\"_ _c4\"></span>redes <span class=\"_ _c4\"></span>y <span class=\"_ _c4\"></span>servicios <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>comunicaciones <span class=\"_ _c4\"></span>electr\u00f3nica<span class=\"_ _0\"></span>s <span class=\"_ _c8\"></span>de <span class=\"_ _c4\"></span>quinta <span class=\"_ _c4\"></span>generaci\u00f3n. En <span class=\"_ _c2\"></span>\u00e9l <span class=\"_ _c5\"></span>se <span class=\"_ _c2\"></span>establecen <span class=\"_ _c2\"></span>los <span class=\"_ _c8\"></span>r<span class=\"_ _1\"></span>equisitos <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>seguridad <span class=\"_ _c2\"></span>para <span class=\"_ _c2\"></span>la <span class=\"_ _c5\"></span>instala<span class=\"_ _0\"></span>ci\u00f3n, <span class=\"_ _c5\"></span>el <span class=\"_ _c2\"></span>despliegue <span class=\"_ _c8\"></span>y <span class=\"_ _c5\"></span>la <span class=\"_ _c2\"></span>explotaci\u00f3n <span class=\"_ _c2\"></span>de redes <span class=\"_ _c5\"></span>de <span class=\"_ _c5\"></span>co<span class=\"_ _0\"></span>municaciones <span class=\"_ _c2\"></span>electr\u00f3nicas <span class=\"_ _c5\"></span>y <span class=\"_ _c5\"></span>la <span class=\"_ _c2\"></span>prestaci\u00f3n <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"> </span>servicios <span class=\"_ _c5\"></span>de <span class=\"_ _c2\"></span>comunicaciones <span class=\"_ _c5\"></span>electr\u00f3nica<span class=\"_ _0\"></span>s <span class=\"_ _c5\"></span>e inal\u00e1mbricas basados<span class=\"_ _0\"></span> en la tecnolog\u00eda 5G. <span class=\"_ _0\"></span> Telecomunicaciones e<span class=\"_ _0\"></span>n Am\u00e9rica<span class=\"ffe fsd fc0\"> <span class=\"fc2\"> </span></span>El <span class=\"_ _c2\"></span>Grupo <span class=\"_ _c2\"></span>presta <span class=\"_ _c8\"></span>servicios <span class=\"_ _c2\"></span>en <span class=\"_ _c8\"></span>distintos <span class=\"_ _c2\"></span>pa\u00edses <span class=\"_ _c8\"></span>de <span class=\"_ _c5\"></span>Am\u00e9<span class=\"_ _0\"></span>rica. <span class=\"_ _c2\"></span>En <span class=\"_ _c2\"></span>la <span class=\"_ _c2\"></span>mayor\u00eda<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>los <span class=\"_ _c2\"></span>pa\u00edses <span class=\"_ _c2\"></span>del <span class=\"_ _c2\"></span>continen<span class=\"_ _0\"></span>te americano es <span class=\"_ _1\"></span>necesaria la obtenci\u00f3n <span class=\"_ _1\"></span>de derechos <span class=\"_ _1\"></span>para poder proveer capacidad <span class=\"_ _1\"></span>satelital a <span class=\"_ _1\"></span>prestadores<span class=\"_ _0\"></span> de <span class=\"_ _bf\"></span>servicios <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>telecomunicaciones. <span class=\"_ _bf\"></span>Dichos <span class=\"_ _bf\"></span>derechos <span class=\"_ _bf\"></span>pueden <span class=\"_ _bf\"></span>consistir <span class=\"_ _bf\"></span>en <span class=\"_ _bf\"></span>la <span class=\"_ _bf\"></span>obtenci\u00f3n <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>au<span class=\"_ _0\"></span>torizaciones<span class=\"_ _0\"></span>, concesiones, i<span class=\"_ _0\"></span>nscripci\u00f3n <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>registro <span class=\"_ _0\"></span>o i<span class=\"_ _0\"></span>nclusi\u00f3n en<span class=\"_ _0\"></span> listas <span class=\"_ _0\"></span>de sa<span class=\"_ _0\"></span>t\u00e9lites autoriz<span class=\"_ _0\"></span>ados. Los <span class=\"_ _0\"></span>sat\u00e9lites <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la flot<span class=\"_ _0\"></span>a est\u00e1n <span class=\"_ _0\"></span>deb<span class=\"_ _0\"></span>idamente <span class=\"_ _bf\"></span>autorizados <span class=\"_ _bf\"></span>en <span class=\"_ _0\"></span>todos <span class=\"_ _bf\"></span>los <span class=\"_ _bf\"></span>pa\u00edses <span class=\"_ _0\"></span>que <span class=\"_ _bf\"></span>lo <span class=\"_ _bf\"></span>requieren, <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>la <span class=\"_ _bf\"></span>excepci\u00f3n <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>aquell<span class=\"_ _0\"></span>os <span class=\"_ _0\"></span>dond<span class=\"_ _0\"></span>e no existe inter\u00e9s co<span class=\"_ _0\"></span>mercial o el sat\u00e9lite no tiene c<span class=\"_ _0\"></span>obertura.  Los principales pa\u00edse<span class=\"_ _0\"></span>s donde se dispone de los<span class=\"_ _0\"></span> mencionados derechos<span class=\"_ _0\"></span> son los siguientes:   <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">En <span class=\"_ _c4\"></span>Brasil <span class=\"_ _c4\"></span>se <span class=\"_ _c4\"></span>dispone <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>der<span class=\"_ _1\"></span>echos <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>explotaci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _c8\"></span>varios <span class=\"_ _c4\"></span>recursos <span class=\"_ _c4\"></span>\u00f3rbita-espectro, <span class=\"_ _1\"></span>as\u00ed<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>com<span class=\"_ _1\"></span>o <span class=\"_ _c4\"></span>del<span class=\"_ _0\"></span> </span></span>t\u00edtulo <span class=\"_ _c5\"></span>habili<span class=\"_ _0\"></span>tante <span class=\"_ _c5\"></span>de <span class=\"_ _c5\"></span>\u201cco<span class=\"_ _0\"></span>munica\u00e7ao <span class=\"_ _c5\"></span>multim\u00e9dia<span class=\"_ _0\"></span>\u201d <span class=\"_ _c5\"></span>que <span class=\"_ _c2\"></span>le <span class=\"_ _c5\"> </span>capacita <span class=\"_ _c2\"></span>para <span class=\"_ _c5\"> </span>la <span class=\"_ _c2\"></span>prestaci\u00f3n <span class=\"_ _c5\"></span>de <span class=\"_ _c2\"></span>servicios <span class=\"_ _c2\"></span>de comunicaciones <span class=\"_ _c8\"></span>electr\u00f3ni<span class=\"_ _0\"></span>cas. <span class=\"_ _c2\"></span>La <span class=\"_ _c8\"></span>normativa <span class=\"_ _c8\"></span>aplicable <span class=\"_ _c8\"></span>en <span class=\"_ _c8\"></span>este <span class=\"_ _c8\"></span>caso <span class=\"_ _c2\"></span>es <span class=\"_ _c8\"></span>Resoluci\u00f3n <span class=\"_ _c8\"></span>n\u00ba. <span class=\"_ _c8\"></span>220 <span class=\"_ _c2\"></span>de <span class=\"_ _c8\"></span>5 <span class=\"_ _c8\"></span>de abril <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>2000 <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>aprueba <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>Reglamento <span class=\"_ _1\"></span>sobre el <span class=\"_ _1\"></span>Derecho <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>Explotaci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>Sat\u00e9lite <span class=\"_ _1\"></span>para <span class=\"_ _1\"></span>Trans-<span class=\"_ _29d\"> </span>porte <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>Se\u00f1a<span class=\"_ _0\"></span>les <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>Telecomunica<span class=\"_ _0\"></span>ciones, <span class=\"_ _bf\"></span>la <span class=\"_ _0\"></span>Reso<span class=\"_ _0\"></span>luci\u00f3n <span class=\"_ _bf\"></span>n\u00ba <span class=\"_ _0\"></span>614, <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>28 <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>mayo <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>2013 <span class=\"_ _bf\"></span>que <span class=\"_ _bf\"></span>apr<span class=\"_ _1\"></span>ueba<span class=\"_ _0\"></span> el Regla<span class=\"_ _0\"></span>mento del servici<span class=\"_ _0\"></span>o de comunicaci\u00f3n<span class=\"_ _0\"></span> multimedia <span class=\"_ _0\"></span>y la Ley <span class=\"_ _0\"></span>General de Te<span class=\"_ _0\"></span>lecomunicaciones n\u00ba<span class=\"_ _0\"></span> 9.472, de 16 de juli<span class=\"_ _0\"></span>o de 1997.    <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">En <span class=\"_ _0\"></span>M\u00e9xico <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>est\u00e1 <span class=\"_ _0\"></span>autorizado<span class=\"_ _0\"></span> pa<span class=\"_ _0\"></span>ra la<span class=\"_ _0\"></span> p<span class=\"_ _0\"></span>restaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>servicios <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>Internet <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>sat\u00e9lite<span class=\"_ _0\"></span> mayo<span class=\"_ _0\"></span>rista </span></span>y backhaul <span class=\"_ _0\"></span>celular satelit<span class=\"_ _0\"></span>al en el <span class=\"_ _0\"></span>pa\u00eds. Para ell<span class=\"_ _0\"></span>o ostenta <span class=\"_ _0\"></span>el t\u00edtulo <span class=\"_ _0\"></span>de concesi\u00f3<span class=\"_ _0\"></span>n \u00fanica para<span class=\"_ _0\"></span> uso co<span class=\"_ _0\"></span>mer-<span class=\"_ _29d\"> </span>cial, <span class=\"_ _c8\"></span>de <span class=\"_ _c4\"></span>conformidad <span class=\"_ _c8\"></span>con <span class=\"_ _c8\"></span>la <span class=\"_ _c8\"></span>Ley <span class=\"_ _c8\"></span>Federal <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>Telecomunicacio<span class=\"_ _0\"></span>nes <span class=\"_ _c8\"></span>y <span class=\"_ _c8\"></span>Radiodifusi\u00f3n <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>14 <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>j<span class=\"_ _1\"></span>ulio <span class=\"_ _c4\"></span>de 2014.   <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">En Colo<span class=\"_ _0\"></span>mbia el <span class=\"_ _0\"></span>Grupo tie<span class=\"_ _0\"></span>ne autorizaci\u00f3n a<span class=\"_ _0\"></span> trav\u00e9s<span class=\"_ _0\"></span> del <span class=\"_ _0\"></span>Registro \u00dan<span class=\"_ _0\"></span>ico TIC <span class=\"_ _0\"></span>de provee<span class=\"_ _0\"></span>dores de<span class=\"_ _0\"></span> redes <span class=\"_ _0\"></span>y </span></span>servicios <span class=\"_ _0\"></span>de tele<span class=\"_ _0\"></span>comunicaciones, <span class=\"_ _0\"></span>para <span class=\"_ _0\"></span>la prestaci<span class=\"_ _0\"></span>\u00f3n de<span class=\"_ _0\"></span> servicio<span class=\"_ _0\"></span>s de <span class=\"_ _0\"></span>telecomunica<span class=\"_ _0\"></span>ciones por <span class=\"_ _0\"></span>sat\u00e9lite<span class=\"_ _0\"></span>. La normativa <span class=\"_ _0\"></span>fundamental aplic<span class=\"_ _0\"></span>able es la Ley 1978 de<span class=\"_ _0\"></span> 2019 de Modern<span class=\"_ _0\"></span>izaci\u00f3n TIC y la<span class=\"_ _0\"></span> Ley 1341<span class=\"_ _0\"></span> de 2009 p<span class=\"_ _0\"></span>or la <span class=\"_ _0\"></span>cual <span class=\"_ _0\"></span>se defin<span class=\"_ _0\"></span>en princi<span class=\"_ _0\"></span>pios y <span class=\"_ _0\"></span>conceptos <span class=\"_ _0\"></span>sobre l<span class=\"_ _0\"></span>a socied<span class=\"_ _0\"></span>ad de<span class=\"_ _0\"></span> la <span class=\"_ _0\"></span>informaci\u00f3n <span class=\"_ _0\"></span>y la<span class=\"_ _0\"></span> organiza<span class=\"_ _0\"></span>-<span class=\"_ _29d\"> </span>ci\u00f3n de las tecnolog\u00edas<span class=\"_ _0\"></span> de la informaci\u00f3n y las <span class=\"_ _0\"></span>comunicaciones.<span class=\"_ _29d\"> </span>4<span class=\"ff3\"> <span class=\"_ _d5\"> </span></span>Principios cont<span class=\"_ _1\"></span>ables y n<span class=\"_ _1\"></span>ormas d<span class=\"_ _1\"></span>e valoraci\u00f3n  Los <span class=\"_ _c2\"></span>principales <span class=\"_ _c8\"></span>pr<span class=\"_ _1\"></span>incipio<span class=\"_ _0\"></span>s <span class=\"_ _c2\"></span>cont<span class=\"_ _1\"></span>ables <span class=\"_ _c8\"></span>ut<span class=\"_ _1\"></span>iliz<span class=\"_ _0\"></span>ados <span class=\"_ _c5\"></span>p<span class=\"_ _0\"></span>ara <span class=\"_ _c2\"></span>la <span class=\"_ _c2\"></span>elaboraci\u00f3n <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>estas <span class=\"_ _c2\"></span>cuentas <span class=\"_ _c2\"></span>anuales <span class=\"_ _c2\"></span>consoli<span class=\"_ _0\"></span>dadas aplicados uniforme<span class=\"_ _0\"></span>mente a los ejercicio<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>que se <span class=\"_ _0\"></span>presentan han sido los si<span class=\"_ _0\"></span>guientes:  a) <span class=\"_ _c7\"> </span>Combinaciones de neg<span class=\"_ _0\"></span>ocios <span class=\"ff3 fc1\"> </span>El <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>contabiliza l<span class=\"_ _0\"></span>as <span class=\"_ _0\"></span>combinaciones <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>negoc<span class=\"_ _0\"></span>ios utilizand<span class=\"_ _0\"></span>o el<span class=\"_ _0\"></span> m\u00e9todo<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>de adquisi<span class=\"_ _0\"></span>ci\u00f3n cuand<span class=\"_ _0\"></span>o s<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>transfiere el <span class=\"_ _c2\"></span>control <span class=\"_ _c2\"></span>al <span class=\"_ _c5\"></span>Grupo. <span class=\"_ _c2\"></span>La <span class=\"_ _c2\"></span>fecha <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>adquisici\u00f3n <span class=\"_ _c8\"></span>es <span class=\"_ _c2\"></span>aquella <span class=\"_ _c2\"></span>en <span class=\"_ _c5\"></span>la <span class=\"_ _c2\"></span>que <span class=\"_ _c5\"></span>el <span class=\"_ _c8\"></span>Grupo <span class=\"_ _c2\"></span>obtiene <span class=\"_ _c5\"></span>el <span class=\"_ _c2\"></span>control <span class=\"_ _c2\"></span>del <span class=\"_ _c2\"></span>negocio adquirido. <span class=\"_ _0\"></span>La co<span class=\"_ _0\"></span>ntraprestaci\u00f3n <span class=\"_ _0\"></span>entregada <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>la c<span class=\"_ _0\"></span>ombinaci\u00f3n de<span class=\"_ _0\"></span> negocios<span class=\"_ _0\"></span> se<span class=\"_ _0\"></span> determina <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>fecha de<span class=\"_ _0\"></span> adqui-<span class=\"_ _29d\"> </span>sici\u00f3n <span class=\"_ _c4\"></span>por <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>suma <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>los <span class=\"_ _c8\"></span>valores <span class=\"_ _c4\"></span>razonable<span class=\"_ _0\"></span>s <span class=\"_ _c8\"></span>de <span class=\"_ _1\"></span>los <span class=\"_ _c4\"></span>activos <span class=\"_ _c4\"></span>entregados, <span class=\"_ _c4\"></span>los <span class=\"_ _1\"></span>pasivos <span class=\"_ _c4\"></span>incurridos <span class=\"_ _c4\"></span>o <span class=\"_ _c4\"></span>asumidos,<span class=\"_ _0\"></span> los <span class=\"_ _1\"></span>instrumentos <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>Patrimonio <span class=\"_ _c4\"></span>neto <span class=\"_ _1\"></span>emitidos <span class=\"_ _c4\"></span>y <span class=\"_ _1\"></span>cualquier <span class=\"_ _1\"></span>contraprestaci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _c4\"></span>contingente <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>dependa <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>he-<span class=\"_ _29d\"> </span>chos <span class=\"_ _0\"></span>futuros o<span class=\"_ _0\"></span> del <span class=\"_ _0\"></span>cumplimiento <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>ciertas <span class=\"_ _0\"></span>condiciones <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>cambio <span class=\"_ _0\"></span>del co<span class=\"_ _0\"></span>ntrol d<span class=\"_ _0\"></span>el negocio<span class=\"_ _0\"></span> adquirido.<span class=\"_ _0\"></span> La <span class=\"_ _0\"></span>contra-<span class=\"_ _29d\"> </span>prestaci\u00f3n <span class=\"_ _1\"></span>entregada, <span class=\"_ _1\"></span>excluye cualquier <span class=\"_ _c4\"></span>desembols<span class=\"_ _0\"></span>o <span class=\"_ _c4\"></span>que <span class=\"_ _1\"></span>no <span class=\"_ _1\"></span>forma <span class=\"_ _c4\"></span>parte <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>intercambio <span class=\"_ _1\"></span>por <span class=\"_ _1\"></span>el <span class=\"_ _c4\"></span>negocio<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>ad-<span class=\"_ _29d\"> </span>quirido. Los costes <span class=\"_ _0\"></span>relacionados con la adquisi<span class=\"_ _0\"></span>ci\u00f3n se reconocen como ga<span class=\"_ _0\"></span>sto a medida que se in<span class=\"_ _0\"></span>curren.<span class=\"_ _29d\"> </span>Para <span class=\"_ _c2\"></span>cada <span class=\"_ _c8\"></span>combinaci\u00f3n <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>negocios, <span class=\"_ _c2\"></span>el <span class=\"_ _c2\"></span>Grupo <span class=\"_ _c8\"></span>valora <span class=\"_ _c2\"></span>en <span class=\"_ _c8\"></span>la <span class=\"_ _c2\"></span>f<span class=\"_ _1\"></span>echa <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>adquisi<span class=\"_ _0\"></span>ci\u00f3n, <span class=\"_ _c2\"></span>los <span class=\"_ _c2\"></span>componentes <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>las participaciones <span class=\"_ _0\"></span>no <span class=\"_ _0\"></span>domina<span class=\"_ _0\"></span>ntes en<span class=\"_ _0\"></span> la <span class=\"_ _0\"></span>entidad<span class=\"_ _0\"></span> adquiri<span class=\"_ _0\"></span>da que <span class=\"_ _0\"></span>constituyen<span class=\"_ _0\"></span> parti<span class=\"_ _0\"></span>cipaciones <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>propiedad <span class=\"_ _0\"></span>actuales<span class=\"_ _29d\"> </span>y <span class=\"_ _1\"></span>otorguen <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>sus <span class=\"_ _1\"></span>tenedores <span class=\"_ _1\"></span>derecho a <span class=\"_ _1\"></span>una <span class=\"_ _1\"></span>parte <span class=\"_ _1\"></span>proporcional <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>activos <span class=\"_ _1\"></span>netos <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>entidad en <span class=\"_ _c4\"></span>caso<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>de liquida<span class=\"_ _0\"></span>ci\u00f3n, bien por:<span class=\"_ _0\"></span> (a) <span class=\"_ _0\"></span>el valor ra<span class=\"_ _0\"></span>zonable; <span class=\"_ _0\"></span>bien por <span class=\"_ _0\"></span>(b) la<span class=\"_ _0\"></span> parte propo<span class=\"_ _0\"></span>rcional q<span class=\"_ _0\"></span>ue los in<span class=\"_ _0\"></span>strumentos d<span class=\"_ _0\"></span>e propie<span class=\"_ _0\"></span>-<span class=\"_ _29d\"> </span>dad actuales represe<span class=\"_ _0\"></span>nt<span class=\"_ _1\"></span>en<span class=\"_ _0\"></span> en <span class=\"_ _1\"></span>los importe<span class=\"_ _0\"></span>s reconocidos de los activo<span class=\"_ _0\"></span>s netos identificables de<span class=\"_ _0\"></span> la adquirida.  El Grupo reconoce <span class=\"_ _1\"></span>en la fecha de adquisici\u00f3n los activos adquiridos, los <span class=\"_ _1\"></span>pasivos asumidos y cualquier parti-<span class=\"_ _29d\"> </span>cipaci\u00f3n <span class=\"_ _bf\"></span>no <span class=\"_ _0\"></span>domi<span class=\"_ _0\"></span>nante <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>or <span class=\"_ _0\"></span>la<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>parte <span class=\"_ _bf\"></span>proporcional <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>los <span class=\"_ _bf\"></span>act<span class=\"_ _1\"></span>ivos <span class=\"_ _bf\"></span>netos <span class=\"_ _bf\"></span>adquiridos. <span class=\"_ _bf\"></span>Este <span class=\"_ _bf\"></span>criterio <span class=\"_ _bf\"></span>s\u00f3lo <span class=\"_ _0\"></span>es <span class=\"_ _bf\"></span>aplicable<span class=\"_ _0\"></span>, para <span class=\"_ _c4\"></span>las <span class=\"_ _c4\"></span>participacione<span class=\"_ _0\"></span>s <span class=\"_ _c4\"></span>no <span class=\"_ _c4\"></span>dominantes <span class=\"_ _c4\"></span>que <span class=\"_ _c4\"></span>otorguen <span class=\"_ _c4\"></span>un <span class=\"_ _c4\"></span>acceso <span class=\"_ _1\"></span>presente <span class=\"_ _c4\"></span>a <span class=\"_ _c4\"></span>los <span class=\"_ _c4\"></span>beneficios <span class=\"_ _1\"></span>econ\u00f3micos <span class=\"_ _c4\"></span>y <span class=\"_ _c4\"></span>el derecho a <span class=\"_ _1\"></span>la parte <span class=\"_ _1\"></span>proporcion<span class=\"_ _0\"></span>al de <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>activos netos de <span class=\"_ _1\"></span>la entidad <span class=\"_ _1\"></span>adquirida en caso <span class=\"_ _1\"></span>de liquidaci\u00f3n. En caso contrario, la<span class=\"_ _0\"></span>s participacio<span class=\"_ _0\"></span>nes no domi<span class=\"_ _0\"></span>nantes se <span class=\"_ _0\"></span>valoran por su<span class=\"_ _0\"></span> valor <span class=\"_ _0\"></span>razonable<span class=\"_ _0\"></span> o el va<span class=\"_ _0\"></span>lor basad<span class=\"_ _0\"></span>o en co<span class=\"_ _0\"></span>ndicio-<span class=\"_ _29d\"> </span>nes <span class=\"_ _1\"></span>de mercado. <span class=\"_ _1\"></span>Los pasivos <span class=\"_ _1\"></span>asu<span class=\"_ _0\"></span>midos <span class=\"_ _1\"></span>incluyen los pasivos <span class=\"_ _1\"></span>contingentes en <span class=\"_ _1\"></span>la medida <span class=\"_ _1\"></span>en que r<span class=\"_ _1\"></span>epresenten obligacio<span class=\"_ _0\"></span>nes presente<span class=\"_ _0\"></span>s q<span class=\"_ _0\"></span>ue <span class=\"_ _0\"></span>surjan <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span> suceso<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>pasados <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>valor <span class=\"_ _bf\"></span>razonable <span class=\"_ _0\"></span>pueda <span class=\"_ _0\"></span>ser <span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>dido <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>fiabil<span class=\"_ _0\"></span>idad. Asimismo, <span class=\"_ _c8\"></span>el <span class=\"_ _c4\"></span>Gr<span class=\"_ _1\"></span>upo <span class=\"_ _c8\"></span>reco<span class=\"_ _0\"></span>noce <span class=\"_ _c8\"></span>los <span class=\"_ _c2\"></span>activos <span class=\"_ _c8\"></span>por <span class=\"_ _c8\"></span>indemnizaci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _c8\"></span>otorgados <span class=\"_ _c8\"></span>por <span class=\"_ _c8\"></span>el <span class=\"_ _c8\"></span>vendedor <span class=\"_ _c8\"></span>al <span class=\"_ _c8\"></span>mismo <span class=\"_ _c8\"></span>tiempo <span class=\"_ _c4\"></span>y siguiendo<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>los <span class=\"_ _c2\"></span>mismos <span class=\"_ _c8\"></span>criterios <span class=\"_ _c5\"></span>de <span class=\"_ _c8\"></span>valoraci\u00f3n <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>la <span class=\"_ _c5\"></span>partida <span class=\"_ _c8\"></span>objeto <span class=\"_ _c5\"></span>de <span class=\"_ _c2\"></span>indemn<span class=\"_ _0\"></span>izaci\u00f3n <span class=\"_ _c2\"></span>del <span class=\"_ _c5\"></span>negocio<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>adquirido, considerando <span class=\"_ _0\"></span>en su caso<span class=\"_ _0\"></span> el riesgo d<span class=\"_ _0\"></span>e insolvencia<span class=\"_ _0\"></span> y cualq<span class=\"_ _0\"></span>uier limitaci\u00f3n con<span class=\"_ _0\"></span>tractual sobre <span class=\"_ _0\"></span>el importe <span class=\"_ _0\"></span>indemni-<span class=\"_ _29d\"> </span>zado.<span class=\"_ _29d\"> </span>El <span class=\"_ _1\"></span>exceso <span class=\"_ _1\"></span>existente <span class=\"_ _1\"></span>entre <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>contraprestaci\u00f3n <span class=\"_ _1\"></span>entregada, m<span class=\"_ _1\"></span>\u00e1s el <span class=\"_ _c4\"></span>valor <span class=\"_ _1\"></span>asignado <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>las <span class=\"_ _c4\"></span>participa<span class=\"_ _0\"></span>ciones <span class=\"_ _1\"></span>no <span class=\"_ _c4\"></span>do-<span class=\"_ _29d\"> </span>minantes <span class=\"_ _c2\"></span>y <span class=\"_ _c5\"></span>el <span class=\"_ _c2\"></span>importe <span class=\"_ _c5\"></span>ne<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>o <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>los <span class=\"_ _c2\"></span>activos <span class=\"_ _c5\"></span>adquirido<span class=\"_ _0\"></span>s <span class=\"_ _c5\"></span>y <span class=\"_ _c5\"></span>los<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>pasivos <span class=\"_ _c2\"></span>asumidos, <span class=\"_ _c2\"></span>se <span class=\"_ _c5\"> </span>registra <span class=\"_ _c2\"></span>como <span class=\"_ _c5\"></span>Fondo<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>de comercio. <span class=\"_ _c4\"></span>En <span class=\"_ _1\"></span>su <span class=\"_ _c4\"></span>caso, <span class=\"_ _c8\"></span>el <span class=\"_ _1\"></span>def<span class=\"_ _1\"></span>ecto, <span class=\"_ _1\"></span>despu\u00e9s <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>evaluar <span class=\"_ _c4\"></span>el <span class=\"_ _1\"></span>imp<span class=\"_ _1\"></span>orte <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>contraprestaci\u00f3n <span class=\"_ _1\"></span>entregada, <span class=\"_ _c4\"></span>el <span class=\"_ _c4\"></span>valor asignado a las <span class=\"_ _1\"></span>participacion<span class=\"_ _0\"></span>es no <span class=\"_ _1\"></span>dominantes <span class=\"_ _1\"></span>y la identificaci\u00f3n y <span class=\"_ _1\"></span>valoraci\u00f3n de los <span class=\"_ _1\"></span>activos net<span class=\"_ _1\"></span>os adquiri<span class=\"_ _0\"></span>dos se reconoce en una pa<span class=\"_ _0\"></span>rtida separada de la<span class=\"_ _0\"></span> Cuenta de resultados consolid<span class=\"_ _0\"></span>ada.   Si <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>combinaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>negocios <span class=\"_ _0\"></span>s\u00f3lo <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>puede <span class=\"_ _0\"></span>determinar <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span> forma <span class=\"_ _0\"></span>provisi<span class=\"_ _0\"></span>onal, <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>activos n<span class=\"_ _0\"></span>etos id<span class=\"_ _0\"></span>entificables<span class=\"_ _0\"></span> se <span class=\"_ _c4\"></span>registran <span class=\"_ _c4\"></span>inicialmente <span class=\"_ _c4\"></span>por <span class=\"_ _c8\"></span>sus<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>valores <span class=\"_ _c4\"></span>provisionales, <span class=\"_ _c4\"></span>reconociendo<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>los <span class=\"_ _c4\"></span>ajust<span class=\"_ _1\"></span>es <span class=\"_ _c4\"></span>efectuados<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>durante <span class=\"_ _c4\"></span>el <span class=\"_ _c8\"></span>pe-<span class=\"_ _29d\"> </span>riodo <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>valoraci\u00f3n <span class=\"_ _c8\"></span>como <span class=\"_ _c8\"></span>si <span class=\"_ _c2\"></span>\u00e9stos <span class=\"_ _c2\"></span>se <span class=\"_ _c2\"></span>hubieran <span class=\"_ _c8\"></span>conocido<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>en <span class=\"_ _c2\"></span>la <span class=\"_ _c8\"></span>fecha <span class=\"_ _c2\"></span>de <span class=\"_ _c8\"></span>adquisici\u00f3n, <span class=\"_ _c2\"></span>re-expresand<span class=\"_ _0\"></span>o, <span class=\"_ _c2\"></span>en <span class=\"_ _c2\"></span>su caso, las cifras comparativ<span class=\"_ _0\"></span>as del ejercicio anterior. En cualquier caso, los ajustes a los valores provisi<span class=\"_ _0\"></span>onales \u00fanicamente incorporan informaci\u00f3n relativa a <span class=\"_ _1\"></span>los hechos y <span class=\"_ _1\"></span>circunstancias<span class=\"_ _0\"></span> que <span class=\"_ _1\"></span>exist\u00edan <span class=\"_ _1\"></span>en la fecha de <span class=\"_ _1\"></span>adqui-<span class=\"_ _29d\"> </span>sici\u00f3n y que, de haber <span class=\"_ _0\"></span>sido conocidos, hubieran <span class=\"_ _0\"></span>afectado a los importes<span class=\"_ _0\"></span> reconocidos en dicha fec<span class=\"_ _0\"></span>ha.  Transcurrido <span class=\"_ _0\"></span>el p<span class=\"_ _0\"></span>eriodo d<span class=\"_ _0\"></span>e un <span class=\"_ _0\"></span>a\u00f1o, <span class=\"_ _0\"></span>s\u00f3lo <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>realizan <span class=\"_ _0\"></span>ajustes <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la valoraci\u00f3<span class=\"_ _0\"></span>n i<span class=\"_ _0\"></span>nicial po<span class=\"_ _0\"></span>r una <span class=\"_ _0\"></span>correcci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>error.<span class=\"_ _29d\"> </span> <span class=\"_ _0\"></span> b) <span class=\"_ _ca\"> </span>Concesiones admin<span class=\"_ _0\"></span>istrativas<span class=\"ff3 fc1\">  </span>El <span class=\"_ _c2\"></span>Grupo <span class=\"_ _c5\"></span>explota <span class=\"_ _c2\"></span>diversos <span class=\"_ _c2\"></span>activos <span class=\"_ _c2\"></span>mediante <span class=\"_ _c5\"></span>con<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>ratos <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>conc<span class=\"_ _0\"></span>esi\u00f3n <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>ser<span class=\"_ _1\"></span>vicios <span class=\"_ _c2\"></span>otorgados <span class=\"_ _c2\"></span>por <span class=\"_ _c2\"></span>diferent<span class=\"_ _1\"></span>es<span class=\"_ _0\"></span> entes <span class=\"_ _1\"></span>p\u00fablicos.<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>El <span class=\"_ _1\"></span>Grupo analiza <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>caracter\u00edsticas de <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>contratos para <span class=\"_ _1\"></span>determinar <span class=\"_ _1\"></span>si \u00e9stos <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>encuen<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>ran<span class=\"_ _0\"></span> en <span class=\"_ _0\"></span>el alcance<span class=\"_ _0\"></span> de <span class=\"_ _0\"></span>la CINIIF <span class=\"_ _0\"></span>12 \u201cCont<span class=\"_ _0\"></span>ratos de <span class=\"_ _0\"></span>concesi\u00f3n <span class=\"_ _0\"></span>de se<span class=\"_ _0\"></span>rvicios\u201d. La <span class=\"_ _0\"></span>norma <span class=\"_ _0\"></span>afecta <span class=\"_ _0\"></span>a los <span class=\"_ _0\"></span>acuerdos <span class=\"_ _0\"></span>p\u00fablico-<span class=\"_ _29d\"> </span>privados de concesi\u00f3<span class=\"_ _0\"></span>n de servicios que cumplen<span class=\"_ _0\"></span> dos condiciones:   - <span class=\"_ _c7\"> </span>el <span class=\"_ _c2\"></span>concedente <span class=\"_ _c5\"></span>con<span class=\"_ _0\"></span>trola <span class=\"_ _c2\"></span>o <span class=\"_ _c2\"></span>regula <span class=\"_ _c2\"></span>a <span class=\"_ _c2\"></span>qu\u00e9 <span class=\"_ _c5\"></span>servi<span class=\"_ _0\"></span>cios <span class=\"_ _c2\"></span>debe <span class=\"_ _c2\"></span>el <span class=\"_ _c2\"></span>concesionario <span class=\"_ _c8\"></span>dest<span class=\"_ _1\"></span>inar <span class=\"_ _c2\"></span>la <span class=\"_ _c8\"></span>infraestructura, <span class=\"_ _c2\"></span>a qui\u00e9n debe prestar dicho<span class=\"_ _0\"></span>s servicios y a qu\u00e9 p<span class=\"_ _0\"></span>recio; y   - <span class=\"_ _ca\"> </span><span class=\"fs1\">el <span class=\"_ _c5\"></span>concedente<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>controla<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>toda <span class=\"_ _c2\"></span>participaci\u00f3n <span class=\"_ _c2\"></span>residual <span class=\"_ _c2\"></span>significativa <span class=\"_ _c2\"></span>en <span class=\"_ _c2\"></span>la <span class=\"_ _c5\"></span>inf<span class=\"_ _0\"></span>raestructura <span class=\"_ _c2\"></span>al <span class=\"_ _c2\"></span>t\u00e9rmino <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>la </span>vigencia del acuerdo<span class=\"_ _0\"></span>.<span class=\"ff6 fsd fc0\"> </span>En <span class=\"_ _0\"></span>los con<span class=\"_ _0\"></span>tratos de <span class=\"_ _0\"></span>conce<span class=\"_ _0\"></span>si\u00f3n el <span class=\"_ _0\"></span>Grupo<span class=\"_ _0\"></span> registrar\u00e1<span class=\"_ _0\"></span> la <span class=\"_ _0\"></span>contraprestaci\u00f3n<span class=\"_ _0\"></span> recibid<span class=\"_ _0\"></span>a como <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>activo <span class=\"_ _0\"></span>financiero <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>un activo <span class=\"_ _c5\"></span>intangible <span class=\"_ _c5\"></span>en<span class=\"_ _0\"></span> <span class=\"_ _c0\"> </span>funci\u00f3n <span class=\"_ _c2\"></span>del <span class=\"_ _c5\"> </span>tipo <span class=\"_ _c5\"> </span>de <span class=\"_ _c5\"> </span>derecho <span class=\"_ _c5\"></span>contractual <span class=\"_ _c5\"></span>a <span class=\"_ _c5\"></span>recibir <span class=\"_ _c2\"></span>la <span class=\"_ _c0\"> </span>con<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>raprestaci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _c5\"> </span>que <span class=\"_ _c5\"></span>recogen <span class=\"_ _c5\"></span>las cl\u00e1usulas del contrato<span class=\"_ _0\"></span>. El Grupo registrar\u00e1 un:<span class=\"_ _0\"></span>   <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Act<span class=\"_ _1\"></span>ivo <span class=\"_ _c8\"></span>financiero: <span class=\"_ _c5\"></span>en<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>aquell<span class=\"_ _0\"></span>os <span class=\"_ _c5\"></span>casos<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>que <span class=\"_ _c8\"></span>tiene <span class=\"_ _c5\"></span>el <span class=\"_ _c8\"></span>derecho <span class=\"_ _c5\"></span>incond<span class=\"_ _0\"></span>icional <span class=\"_ _c2\"></span>a <span class=\"_ _c2\"></span>r<span class=\"_ _1\"></span>ecibir <span class=\"_ _c8\"></span>del <span class=\"_ _c5\"></span>conceden<span class=\"_ _0\"></span>te <span class=\"_ _c2\"></span>(o <span class=\"_ _c2\"></span>por </span></span>cuenta de \u00e9ste) efec<span class=\"_ _0\"></span>tivo u otro activo financiero y<span class=\"_ _0\"></span> tiene poca o ninguna cap<span class=\"_ _0\"></span>acidad de evitar el pag<span class=\"_ _0\"></span>o.   El modelo financiero imp<span class=\"_ _0\"></span>lica diferenciar las oblig<span class=\"_ _0\"></span>aciones de cumplimiento <span class=\"_ _0\"></span>recogidas en el contrato y reco-<span class=\"_ _29d\"> </span>nocer el<span class=\"_ _0\"></span> ingreso y <span class=\"_ _0\"></span>gasto <span class=\"_ _0\"></span>en funci\u00f3n d<span class=\"_ _0\"></span>el grado d<span class=\"_ _0\"></span>e cumpli<span class=\"_ _0\"></span>miento de la<span class=\"_ _0\"></span>s obligacio<span class=\"_ _0\"></span>nes, de acue<span class=\"_ _0\"></span>rdo a la<span class=\"_ _0\"></span> norma de <span class=\"_ _0\"></span>ingresos <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>gas<span class=\"_ _0\"></span>tos <span class=\"_ _0\"></span>explicada <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el<span class=\"_ _0\"></span> a<span class=\"_ _0\"></span>partado <span class=\"_ _0\"></span>g), <span class=\"_ _0\"></span>gen<span class=\"_ _0\"></span>erando <span class=\"_ _0\"></span>un a<span class=\"_ _0\"></span>ctivo <span class=\"_ _0\"></span>finan<span class=\"_ _0\"></span>ciero p<span class=\"_ _0\"></span>or <span class=\"_ _0\"></span>cuenta <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>cobra<span class=\"_ _0\"></span>r. Es<span class=\"_ _0\"></span>te activo financiero se va<span class=\"_ _0\"></span> actualizando anualmen<span class=\"_ _0\"></span>te a la tasa financiera impl\u00ed<span class=\"_ _0\"></span>cita de la concesi\u00f3n.   Redeia, a<span class=\"_ _0\"></span> trav\u00e9s d<span class=\"_ _0\"></span>e Red <span class=\"_ _0\"></span>El\u00e9ctrica, es<span class=\"_ _0\"></span> titular d<span class=\"_ _0\"></span>e la <span class=\"_ _0\"></span>Concesi\u00f3n de<span class=\"_ _0\"></span> la Cen<span class=\"_ _0\"></span>tral Salto <span class=\"_ _0\"></span>de Chira <span class=\"_ _0\"></span>en G<span class=\"_ _0\"></span>ran Canaria<span class=\"_ _0\"></span> que <span class=\"_ _0\"></span>se regist<span class=\"_ _0\"></span>ra seg\u00fan <span class=\"_ _0\"></span>el<span class=\"_ _0\"></span> modelo<span class=\"_ _0\"></span> financie<span class=\"_ _0\"></span>ro y <span class=\"_ _0\"></span>se e<span class=\"_ _0\"></span>xplica <span class=\"_ _0\"></span>en l<span class=\"_ _0\"></span>a no<span class=\"_ _0\"></span>ta 19.<span class=\"_ _0\"></span> El <span class=\"_ _0\"></span>activo <span class=\"_ _0\"></span>financiero se<span class=\"_ _0\"></span> con<span class=\"_ _0\"></span>tabiliza <span class=\"_ _0\"></span>en el ep\u00edgrafe \"Otros <span class=\"_ _1\"></span>activos financieros no corrientes\" en <span class=\"_ _1\"></span>Activos financiero<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>a coste <span class=\"_ _1\"></span>amortizad<span class=\"_ _0\"></span>o <span class=\"_ _1\"></span>del Estado de Situaci\u00f3n Financie<span class=\"_ _0\"></span>ra Consolidado.<span class=\"_ _29d\"> </span> <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Act<span class=\"_ _1\"></span>ivo in<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>angible<span class=\"_ _0\"></span>: en la<span class=\"_ _0\"></span> medid<span class=\"_ _0\"></span>a en que<span class=\"_ _0\"></span> recibe un<span class=\"_ _0\"></span> derecho<span class=\"_ _0\"></span> a reperc<span class=\"_ _0\"></span>utir a lo<span class=\"_ _0\"></span>s u<span class=\"_ _0\"></span>suarios el cos<span class=\"_ _0\"></span>te por <span class=\"_ _0\"></span>el acceso<span class=\"_ _0\"></span> </span></span>o <span class=\"_ _1\"></span>uso <span class=\"_ _c4\"></span>del <span class=\"_ _1\"></span>servicio <span class=\"_ _1\"></span>p\u00fablico <span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>no <span class=\"_ _c4\"></span>existe <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>derecho <span class=\"_ _1\"></span>contractual <span class=\"_ _1\"></span>incondicional a <span class=\"_ _c4\"></span>recibir <span class=\"_ _1\"></span>efectivo <span class=\"_ _c4\"></span>y <span class=\"_ _1\"></span>otro <span class=\"_ _1\"></span>activo financiero.   El <span class=\"_ _0\"></span>modelo <span class=\"_ _bf\"></span>intangible <span class=\"_ _bf\"></span>im<span class=\"_ _1\"></span>pli<span class=\"_ _0\"></span>ca <span class=\"_ _0\"></span>reconocer <span class=\"_ _bf\"></span>al <span class=\"_ _0\"></span>inicio <span class=\"_ _0\"></span>el<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>activo <span class=\"_ _bf\"></span>intangible <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>mo <span class=\"_ _0\"></span>contrap<span class=\"_ _0\"></span>restaci\u00f3n <span class=\"_ _0\"></span>por <span class=\"_ _bf\"></span>la <span class=\"_ _0\"></span>prestaci\u00f3n de <span class=\"_ _1\"></span>ser<span class=\"_ _1\"></span>vicios<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>construcci\u00f3n <span class=\"_ _1\"></span>o <span class=\"_ _c4\"></span>mejora <span class=\"_ _1\"></span>en <span class=\"_ _c4\"></span>un <span class=\"_ _1\"></span>acuerdo <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>concesi\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>servicios <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>valor <span class=\"_ _c4\"></span>razonable<span class=\"_ _0\"></span>. <span class=\"_ _c4\"></span>Des-<span class=\"_ _29d\"> </span>pu\u00e9s <span class=\"_ _0\"></span>del reconocimiento <span class=\"_ _0\"></span>inici<span class=\"_ _0\"></span>al, el <span class=\"_ _0\"></span>activo in<span class=\"_ _0\"></span>tangible es <span class=\"_ _0\"></span>reconocido al <span class=\"_ _0\"></span>coste,<span class=\"_ _0\"></span> que <span class=\"_ _0\"></span>incluye lo<span class=\"_ _0\"></span>s costes <span class=\"_ _0\"></span>de pr\u00e9s-<span class=\"_ _29d\"> </span>tamos <span class=\"_ _c8\"></span>capitalizados,<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>menos <span class=\"_ _c8\"></span>la <span class=\"_ _c2\"></span>amortizaci\u00f3n <span class=\"_ _c4\"></span>acumulada <span class=\"_ _c8\"></span>y <span class=\"_ _c2\"></span>las <span class=\"_ _c8\"></span>p\u00e9rdidas <span class=\"_ _c8\"></span>acumuladas <span class=\"_ _c8\"></span>por <span class=\"_ _c8\"></span>deterioro. <span class=\"_ _c8\"></span>Estas concesiones <span class=\"_ _bf\"></span>figuran <span class=\"_ _bf\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _bf\"></span>activo <span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r <span class=\"_ _bf\"></span>su <span class=\"_ _0\"></span>coste <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>dquisici\u00f3n <span class=\"_ _bf\"></span>menos <span class=\"_ _0\"></span>la <span class=\"_ _bf\"></span>amortizaci\u00f3n <span class=\"_ _bf\"></span>acumulada <span class=\"_ _bf\"></span>y <span class=\"_ _0\"></span>el <span class=\"_ _bf\"></span>importe<span class=\"_ _0\"></span> acumulado <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>correccion<span class=\"_ _0\"></span>es po<span class=\"_ _0\"></span>r deteri<span class=\"_ _0\"></span>oro de <span class=\"_ _bf\"></span>valor <span class=\"_ _0\"></span>reconocidas, <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>caso, <span class=\"_ _0\"></span>y se<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>amortizan <span class=\"_ _0\"></span>lineal<span class=\"_ _0\"></span>mente en <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>per\u00edodo <span class=\"_ _c4\"></span>concesion<span class=\"_ _0\"></span>al. <span class=\"_ _c4\"></span>Redeia<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>contabiliza <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>concesiones <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>transmisi\u00f3n <span class=\"_ _1\"></span>el\u00e9ctrica <span class=\"_ _1\"></span>en <span class=\"_ _c4\"></span>Per\u00fa seg\u00fan <span class=\"_ _1\"></span>el modelo intangib<span class=\"_ _0\"></span>le, se <span class=\"_ _0\"></span>recogen e<span class=\"_ _0\"></span>n la n<span class=\"_ _0\"></span>ota 7. E<span class=\"_ _0\"></span>l activo <span class=\"_ _0\"></span>intangible se <span class=\"_ _0\"></span>contabiliza<span class=\"_ _0\"></span> en el e<span class=\"_ _0\"></span>p\u00edgrafe \u201cC<span class=\"_ _0\"></span>oncesiones administrativas <span class=\"_ _bf\"></span>y P<span class=\"_ _0\"></span>ropiedad <span class=\"_ _0\"></span>Industrial\u201d <span class=\"_ _bf\"></span>del <span class=\"_ _0\"></span>Inmovilizado<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>intangible <span class=\"_ _0\"></span>del <span class=\"_ _bf\"></span>Estado <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>Situaci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>Financiera <span class=\"_ _bf\"></span>Con-<span class=\"_ _29d\"> </span>solidado.  Las <span class=\"_ _c8\"></span>obligacione<span class=\"_ _0\"></span>s <span class=\"_ _c8\"></span>contractuales <span class=\"_ _c8\"></span>asumidas <span class=\"_ _c8\"></span>por <span class=\"_ _c8\"></span>el <span class=\"_ _c4\"></span>Gr<span class=\"_ _1\"></span>upo <span class=\"_ _c4\"></span>a <span class=\"_ _c8\"></span>m<span class=\"_ _1\"></span>antene<span class=\"_ _0\"></span>r <span class=\"_ _c2\"></span>la <span class=\"_ _c8\"></span>infraestructura <span class=\"_ _c4\"></span>durante <span class=\"_ _c8\"></span>el <span class=\"_ _c8\"></span>periodo <span class=\"_ _c4\"></span>de explotaci\u00f3n o<span class=\"_ _0\"></span> restaurarla <span class=\"_ _0\"></span>con anterioridad <span class=\"_ _0\"></span>a su de<span class=\"_ _0\"></span>voluci\u00f3n al <span class=\"_ _0\"></span>cedente al fin<span class=\"_ _0\"></span>al del acuerdo<span class=\"_ _0\"></span> de conces<span class=\"_ _0\"></span>i\u00f3n, en la<span class=\"_ _0\"></span> medida <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>no <span class=\"_ _1\"></span>suponga una <span class=\"_ _1\"></span>actividad <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>genera <span class=\"_ _1\"></span>ing<span class=\"_ _0\"></span>resos, <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>reconocen <span class=\"_ _1\"></span>siguiendo<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>la <span class=\"_ _1\"></span>pol\u00edtica de <span class=\"_ _c4\"></span>provi-<span class=\"_ _29d\"> </span>siones.<span class=\"_ _29d\"> </span>c) <span class=\"_ _c7\"> </span>Inmovilizado intangible<span class=\"ff3 fc1\"> <span class=\"_ _0\"></span> </span>Los <span class=\"_ _c2\"></span>Inmovilizados <span class=\"_ _c8\"></span>intangi<span class=\"_ _0\"></span>bles <span class=\"_ _c2\"></span>se <span class=\"_ _c2\"></span>registran <span class=\"_ _c2\"></span>por <span class=\"_ _c8\"></span>su <span class=\"_ _c2\"></span>precio <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>adquisici\u00f3<span class=\"_ _0\"></span>n, <span class=\"_ _c5\"></span>si<span class=\"_ _0\"></span>endo <span class=\"_ _c2\"></span>revisado <span class=\"_ _c2\"></span>peri\u00f3dicamen<span class=\"_ _0\"></span>te <span class=\"_ _c2\"></span>y ajustado en el ca<span class=\"_ _0\"></span>so de cualquie<span class=\"_ _0\"></span>r disminuci\u00f3n en su valor. La cu<span class=\"_ _0\"></span>ota de amortizaci\u00f3n<span class=\"_ _0\"></span> anual se recon<span class=\"_ _0\"></span>oce como un <span class=\"_ _c4\"></span>gasto, <span class=\"_ _c4\"></span>determin\u00e1ndose<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>en <span class=\"_ _c4\"></span>funci\u00f3n <span class=\"_ _c4\"></span>del <span class=\"_ _c4\"></span>m\u00e9todo <span class=\"_ _c4\"></span>lineal, <span class=\"_ _c4\"></span>basado <span class=\"_ _1\"></span>en <span class=\"_ _c8\"></span>la <span class=\"_ _c4\"></span>vida <span class=\"_ _c4\"></span>\u00fatil <span class=\"_ _c4\"></span>estimada <span class=\"_ _1\"></span>que <span class=\"_ _c4\"></span>se <span class=\"_ _c4\"></span>le <span class=\"_ _c4\"></span>asigne <span class=\"_ _c4\"></span>a cada elemento o cla<span class=\"_ _0\"></span>se de activo intangible.   Los activos incluido<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>en<span class=\"_ _0\"></span> este apartado son los sig<span class=\"_ _0\"></span>uientes:   <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Licencias y propiedad industrial  </span></span>Las licencia<span class=\"_ _0\"></span>s tienen una <span class=\"_ _0\"></span>vida \u00fatil d<span class=\"_ _0\"></span>efinida y figuran <span class=\"_ _0\"></span>en el activo <span class=\"_ _0\"></span>por su co<span class=\"_ _0\"></span>ste de obtenci\u00f3n <span class=\"_ _0\"></span>menos la <span class=\"_ _0\"></span>amortiza-<span class=\"_ _29d\"> </span>ci\u00f3n <span class=\"_ _0\"></span>acu<span class=\"_ _0\"></span>mulada <span class=\"_ _0\"></span>y <span class=\"_ _bf\"></span>las <span class=\"_ _0\"></span>correccio<span class=\"_ _0\"></span>nes <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>terioro <span class=\"_ _0\"></span>del <span class=\"_ _bf\"></span>valor <span class=\"_ _0\"></span>reconocid<span class=\"_ _0\"></span>as, <span class=\"_ _0\"></span>en <span class=\"_ _bf\"></span>su <span class=\"_ _0\"></span>caso. <span class=\"_ _bf\"></span>La <span class=\"_ _0\"></span>amortizaci\u00f3n <span class=\"_ _bf\"></span>se <span class=\"_ _0\"></span>calcula<span class=\"_ _0\"></span> por el m\u00e9todo linea<span class=\"_ _0\"></span>l en funci\u00f3n del coste de la<span class=\"_ _0\"></span>s licencias y de su vida \u00fatil<span class=\"_ _0\"></span>, estimada en cinco a\u00f1os.<span class=\"_ _0\"></span>   La propiedad industrial <span class=\"_ _1\"></span>se valora inicialmente a <span class=\"_ _1\"></span>su precio de <span class=\"_ _1\"></span>adquisici\u00f3n o costes <span class=\"_ _1\"></span>de producci\u00f3n y poster<span class=\"_ _1\"></span>ior-<span class=\"_ _29d\"> </span>mente <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>coste <span class=\"_ _0\"></span>minorado <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>correspondie<span class=\"_ _0\"></span>nte <span class=\"_ _0\"></span>amortizaci\u00f3n <span class=\"_ _0\"></span>acumulada <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>caso <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>p\u00e9rdidas <span class=\"_ _0\"></span>por deterioro <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>hayan <span class=\"_ _0\"></span>experimentado. <span class=\"_ _0\"></span>Di<span class=\"_ _0\"></span>chos <span class=\"_ _0\"></span>activos <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>amortizan <span class=\"_ _0\"></span>en <span class=\"_ _bf\"></span>f<span class=\"_ _1\"></span>unci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>vida <span class=\"_ _0\"></span>\u00fatil <span class=\"_ _0\"></span>estimada <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>cinc<span class=\"_ _0\"></span>o a\u00f1os.   <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">M<span class=\"_ _1\"></span>arca  </span></span>Los <span class=\"_ _c8\"></span>importes<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>r<span class=\"_ _1\"></span>egistrados<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>en <span class=\"_ _c8\"></span>concepto <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>marca <span class=\"_ _c4\"></span>se <span class=\"_ _c2\"></span>corresponden<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>con <span class=\"_ _c8\"></span>el <span class=\"_ _c4\"></span>coste <span class=\"_ _c2\"></span>incurrido<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>en <span class=\"_ _c8\"></span>su <span class=\"_ _c8\"></span>adquisici\u00f3n,<span class=\"_ _0\"></span> minorado por su <span class=\"_ _1\"></span>amortizaci\u00f3n acumulada y las <span class=\"_ _1\"></span>correcciones<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>valorativas por deterioro <span class=\"_ _1\"></span>en caso <span class=\"_ _1\"></span>de ser <span class=\"_ _1\"></span>aplica-<span class=\"_ _29d\"> </span>bles. Esta partida se a<span class=\"_ _0\"></span>mortiza linealmente en<span class=\"_ _0\"></span> diez a\u00f1os.   <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Gast<span class=\"_ _1\"></span>os de desarro<span class=\"_ _0\"></span>llo  </span></span>Los gastos <span class=\"_ _0\"></span>de desarroll<span class=\"_ _0\"></span>o directamente <span class=\"_ _0\"></span>atribuibles al <span class=\"_ _0\"></span>dise\u00f1o y <span class=\"_ _0\"></span>realizaci\u00f3n de <span class=\"_ _0\"></span>pruebas de p<span class=\"_ _0\"></span>rogramas <span class=\"_ _0\"></span>inform\u00e1ti-<span class=\"_ _29d\"> </span>cos nuevos o mejorados que sean <span class=\"_ _1\"></span>identificable<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>y \u00fanicos y susceptibles de ser <span class=\"_ _1\"></span>controlados por el Grupo, se reconocen como activos intangib<span class=\"_ _0\"></span>les cuando <span class=\"_ _1\"></span>es probable<span class=\"_ _0\"></span> que <span class=\"_ _1\"></span>el proyecto vaya a tener \u00e9xito considerando su viabili<span class=\"_ _0\"></span>dad <span class=\"_ _c8\"></span>t\u00e9cnica <span class=\"_ _c8\"></span>y <span class=\"_ _c4\"></span>comercial, <span class=\"_ _c4\"></span>y <span class=\"_ _c8\"></span>sus <span class=\"_ _c4\"></span>costes <span class=\"_ _c4\"></span>pueden <span class=\"_ _c4\"></span>estimarse <span class=\"_ _c8\"></span>de <span class=\"_ _c4\"></span>forma <span class=\"_ _c4\"></span>fiable. <span class=\"_ _c8\"></span>Los <span class=\"_ _c4\"></span>gastos <span class=\"_ _c8\"></span>que <span class=\"_ _c4\"></span>no <span class=\"_ _c4\"></span>cumplan estos crite<span class=\"_ _0\"></span>rios se reco<span class=\"_ _0\"></span>nocer\u00e1n como<span class=\"_ _0\"></span> un gas<span class=\"_ _0\"></span>to en <span class=\"_ _0\"></span>el momento en<span class=\"_ _0\"></span> el que <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>incurran. Los <span class=\"_ _0\"></span>gastos de <span class=\"_ _0\"></span>desarrollo se capitalizan y se<span class=\"_ _0\"></span> amortizan desde <span class=\"_ _0\"></span>su puesta en se<span class=\"_ _0\"></span>rvicio de manera lin<span class=\"_ _0\"></span>eal durante un period<span class=\"_ _0\"></span>o no superior a cinco <span class=\"_ _0\"></span>a\u00f1os. <span class=\"_ _bf\"></span>Los <span class=\"_ _0\"></span>costes <span class=\"_ _bf\"></span>asociados <span class=\"_ _0\"></span>con <span class=\"_ _bf\"></span>el <span class=\"_ _0\"></span>mantenimiento <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>programas <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nform\u00e1ticos <span class=\"_ _0\"></span>se <span class=\"_ _bf\"></span>reconocen <span class=\"_ _0\"></span>como <span class=\"_ _bf\"></span>gasto a medida que se<span class=\"_ _0\"></span> incurren en los mismos.<span class=\"_ _29d\"> </span> Aplicaciones inform\u00e1ticas  En este apa<span class=\"_ _0\"></span>rtado se incluyen las lice<span class=\"_ _0\"></span>ncias para programas<span class=\"_ _0\"></span> inform\u00e1ticos adquirid<span class=\"_ _0\"></span>os. Estas se activar\u00e1n sobr<span class=\"_ _0\"></span>e la <span class=\"_ _1\"></span>base <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>los <span class=\"_ _1\"></span>costes <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>ha <span class=\"_ _1\"></span>incurrido <span class=\"_ _1\"></span>para <span class=\"_ _1\"></span>adquirirlas y <span class=\"_ _c4\"></span>prepararlas para <span class=\"_ _1\"></span>su <span class=\"_ _c4\"></span>uso. La <span class=\"_ _c4\"></span>amortizaci\u00f3n de<span class=\"_ _29d\"> </span>estos programas<span class=\"_ _0\"></span> inform\u00e1<span class=\"_ _0\"></span>ticos se debe<span class=\"_ _0\"></span> realizar <span class=\"_ _0\"></span>linealmente en<span class=\"_ _0\"></span> un per\u00edodo<span class=\"_ _0\"></span> de ent<span class=\"_ _0\"></span>re tres y <span class=\"_ _0\"></span>cinco a\u00f1o<span class=\"_ _0\"></span>s desde <span class=\"_ _0\"></span>la entrada en explotaci\u00f3<span class=\"_ _0\"></span>n de cada programa.  Los <span class=\"_ _d3\"> </span>gastos <span class=\"_ _d3\"> </span>relacionado<span class=\"_ _0\"></span>s <span class=\"_ _d3\"> </span>con <span class=\"_ _cf\"> </span>el <span class=\"_ _c9\"> </span>mantenimiento <span class=\"_ _d3\"> </span>de <span class=\"_ _d3\"> </span>programas <span class=\"_ _d3\"> </span>inform\u00e1<span class=\"_ _0\"></span>ticos <span class=\"_ _d3\"> </span>se <span class=\"_ _d3\"> </span>reconocer\u00e1n <span class=\"_ _d3\"> </span>como <span class=\"_ _d3\"> </span>gasto<span class=\"_ _0\"></span> cuando se incurra<span class=\"_ _0\"></span> en <span class=\"_ _1\"></span>ell<span class=\"_ _0\"></span>os. <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Fondo de <span class=\"_ _1\"></span>Comerci<span class=\"_ _0\"></span>o  </span></span>El <span class=\"_ _c8\"></span>fondo <span class=\"_ _c2\"></span>de <span class=\"_ _c8\"></span>comercio <span class=\"_ _c2\"></span>se <span class=\"_ _c8\"></span>determina <span class=\"_ _c2\"></span>siguiendo <span class=\"_ _c8\"></span>los <span class=\"_ _c8\"></span>cr<span class=\"_ _1\"></span>iterios <span class=\"_ _c8\"></span>expuestos <span class=\"_ _c8\"></span>en <span class=\"_ _c8\"></span>el <span class=\"_ _c2\"></span>apartado <span class=\"_ _c2\"></span>de <span class=\"_ _c8\"></span>combinaciones <span class=\"_ _c8\"></span>de negocios. <span class=\"_ _c4\"></span>El <span class=\"_ _c8\"></span>fondo <span class=\"_ _c8\"></span>de <span class=\"_ _c4\"></span>comercio <span class=\"_ _c8\"></span>no <span class=\"_ _c8\"></span>se <span class=\"_ _c4\"></span>amortiza, <span class=\"_ _c8\"></span>sino <span class=\"_ _c4\"></span>que <span class=\"_ _c8\"></span>se <span class=\"_ _c8\"></span>comprueba<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>su <span class=\"_ _c8\"></span>deterioro <span class=\"_ _c4\"></span>con <span class=\"_ _c8\"></span>una <span class=\"_ _c8\"></span>periodicid<span class=\"_ _0\"></span>ad anual o <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>anterioridad, <span class=\"_ _1\"></span>si existen <span class=\"_ _1\"></span>indicios de <span class=\"_ _1\"></span>una <span class=\"_ _1\"></span>potencial <span class=\"_ _1\"></span>p\u00e9rdida del <span class=\"_ _1\"></span>valor del <span class=\"_ _1\"></span>act<span class=\"_ _1\"></span>ivo. Despu\u00e9s del <span class=\"_ _1\"></span>reco-<span class=\"_ _29d\"> </span>nocimiento <span class=\"_ _c8\"></span>inicial, <span class=\"_ _c2\"></span>el <span class=\"_ _c2\"></span>fondo <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>comercio <span class=\"_ _c2\"></span>se <span class=\"_ _c2\"></span>valora <span class=\"_ _c8\"></span>por<span class=\"_ _1\"></span> <span class=\"_ _c8\"></span>su <span class=\"_ _c5\"></span>coste <span class=\"_ _c8\"></span>menos <span class=\"_ _c2\"></span>las <span class=\"_ _c2\"></span>p\u00e9rdidas <span class=\"_ _c2\"></span>por <span class=\"_ _c2\"></span>deterioro<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>valo<span class=\"_ _0\"></span>r acumuladas si las hub<span class=\"_ _0\"></span>iera. El fondo de comerci<span class=\"_ _0\"></span>o generado internamente <span class=\"_ _0\"></span>no se reconoce como un<span class=\"_ _0\"></span> activo.   <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Otr<span class=\"_ _1\"></span>o inmovili<span class=\"_ _0\"></span>zado intangible  </span></span>En este ep\u00ed<span class=\"_ _1\"></span>grafe se recoge principalmente tanto el Derecho de tarifa <span class=\"_ _1\"></span>regul<span class=\"_ _0\"></span>ada sur<span class=\"_ _1\"></span>gido de la <span class=\"_ _1\"></span>combin<span class=\"_ _0\"></span>aci\u00f3n de negocios <span class=\"_ _0\"></span>correspondiente<span class=\"_ _0\"></span> a <span class=\"_ _0\"></span>los derechos <span class=\"_ _0\"></span>a pe<span class=\"_ _0\"></span>rcibir <span class=\"_ _0\"></span>ingresos a <span class=\"_ _0\"></span>perpetuidad<span class=\"_ _0\"></span>, como <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>asignaci\u00f3n <span class=\"_ _0\"></span>del precio <span class=\"_ _0\"></span>de compra <span class=\"_ _c2\"></span>imputable<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>a <span class=\"_ _c2\"></span>clientes <span class=\"_ _c2\"></span>adquiridos <span class=\"_ _c8\"></span>en <span class=\"_ _c2\"></span>combinacione<span class=\"_ _0\"></span>s <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>negocio<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>(ver <span class=\"_ _c2\"></span>nota <span class=\"_ _c2\"></span>6 <span class=\"_ _c8\"></span>\u201c<span class=\"_ _1\"></span>Combinaci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>nego-<span class=\"_ _29d\"> </span>cios\u201d). Estos activos,<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>se <span class=\"_ _0\"></span>valoran inicialmente a val<span class=\"_ _0\"></span>or razonable.  En el caso del De<span class=\"_ _0\"></span>recho de tarifa<span class=\"_ _0\"></span> regulada tiene una vida \u00fatil in<span class=\"_ _0\"></span>definida y est<span class=\"_ _0\"></span>\u00e1 sujeto a test de de<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>erioro anual<span class=\"_ _0\"></span> (ver nota 4.i).  En <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>caso <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>la <span class=\"_ _c4\"></span>Carte<span class=\"_ _0\"></span>ra <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>Clientes <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>amortiza en <span class=\"_ _c4\"></span>10 <span class=\"_ _1\"></span>a\u00f1os <span class=\"_ _1\"></span>linealmente en <span class=\"_ _c4\"></span>el <span class=\"_ _1\"></span>per\u00edodo <span class=\"_ _1\"></span>estimado de <span class=\"_ _1\"></span>perma-<span class=\"_ _29d\"> </span>nencia de dicha carte<span class=\"_ _0\"></span>ra de clientes.   <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Inm<span class=\"_ _1\"></span>ovilizado intangib<span class=\"_ _0\"></span>le en curso  </span></span>Las <span class=\"_ _1\"></span>concesio<span class=\"_ _0\"></span>nes <span class=\"_ _1\"></span>administrativas<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>en f<span class=\"_ _1\"></span>ase de <span class=\"_ _1\"></span>construcci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>figuran como <span class=\"_ _1\"></span>inmoviliza<span class=\"_ _0\"></span>do <span class=\"_ _1\"></span>intangible en cur<span class=\"_ _1\"></span>so<span class=\"_ _0\"></span> son valoradas por los desembolsos que se van<span class=\"_ _0\"></span> efectuando hasta la finalizaci\u00f3n de la construcci\u00f3n conform<span class=\"_ _0\"></span>e a la CINIIF 12.<span class=\"_ _29d\"> </span>d) <span class=\"_ _ca\"> </span>Inmovilizaciones ma<span class=\"_ _0\"></span>teriales<span class=\"ff3 fc1\">  </span>Los <span class=\"_ _1\"></span>elementos <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>componen <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>Inm<span class=\"_ _1\"></span>ovilizacio<span class=\"_ _0\"></span>nes <span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>ateriales <span class=\"_ _1\"></span>son <span class=\"_ _1\"></span>principalme<span class=\"_ _0\"></span>nte <span class=\"_ _c4\"></span>instalaciones t\u00e9cnicas <span class=\"_ _1\"></span>de energ\u00eda <span class=\"_ _c8\"></span>el\u00e9ctrica <span class=\"_ _c2\"></span>y <span class=\"_ _c2\"></span>de <span class=\"_ _c8\"></span>telecomunicaciones <span class=\"_ _c8\"></span>y <span class=\"_ _c2\"></span>se <span class=\"_ _c8\"></span>hallan <span class=\"_ _c2\"></span>valorados, <span class=\"_ _c2\"></span>seg\u00fan <span class=\"_ _c8\"></span>el <span class=\"_ _c2\"></span>caso, <span class=\"_ _c2\"></span>al <span class=\"_ _c2\"></span>coste <span class=\"_ _c2\"></span>de <span class=\"_ _c8\"></span>producci\u00f3n <span class=\"_ _c8\"></span>o coste <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>adquisici\u00f3n menos <span class=\"_ _1\"></span>la <span class=\"_ _c4\"></span>correspondien<span class=\"_ _0\"></span>te <span class=\"_ _c4\"></span>amortiz<span class=\"_ _0\"></span>aci\u00f3n <span class=\"_ _1\"></span>acumulada <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>p\u00e9rdidas <span class=\"_ _1\"></span>acumulada<span class=\"_ _0\"></span>s <span class=\"_ _c4\"></span>por <span class=\"_ _1\"></span>de-<span class=\"_ _29d\"> </span>terioro si las hubie<span class=\"_ _0\"></span>ra. En el caso de las<span class=\"_ _0\"></span> inmovilizacion<span class=\"_ _0\"></span>es <span class=\"_ _1\"></span>materiales<span class=\"_ _0\"></span> adquiridas en una <span class=\"_ _0\"></span>combinaci\u00f3n de nego<span class=\"_ _0\"></span>-<span class=\"_ _29d\"> </span>cios, estas se registran i<span class=\"_ _0\"></span>nicialmente a su valor ra<span class=\"_ _0\"></span>zonable.   El coste indicado incluye<span class=\"_ _0\"></span>, en su caso, los siguient<span class=\"_ _0\"></span>es conceptos:   <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Los <span class=\"_ _1\"></span>gastos f<span class=\"_ _1\"></span>inancie<span class=\"_ _0\"></span>ros r<span class=\"_ _1\"></span>elativos directamente a las construcciones en curso del <span class=\"_ _1\"></span>inmovilizado<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>material, re-<span class=\"_ _29d\"> </span></span></span>lativos <span class=\"_ _0\"></span>a <span class=\"_ _bf\"></span>la <span class=\"_ _0\"></span>financiaci\u00f3n <span class=\"_ _bf\"></span>externa <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>deve<span class=\"_ _0\"></span>ngada <span class=\"_ _0\"></span>\u00fanic<span class=\"_ _0\"></span>amente <span class=\"_ _0\"></span>durante <span class=\"_ _0\"></span>el <span class=\"_ _bf\"></span>per\u00edodo <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>construcci\u00f3n. <span class=\"_ _0\"></span>No<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>obstante, la <span class=\"_ _c4\"></span>capitalizaci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>intereses <span class=\"_ _c4\"></span>es <span class=\"_ _c4\"></span>suspendida <span class=\"_ _1\"></span>durante <span class=\"_ _c4\"></span>los <span class=\"_ _c4\"></span>periodos <span class=\"_ _c4\"></span>en <span class=\"_ _c4\"></span>los <span class=\"_ _1\"></span>que <span class=\"_ _c8\"></span>se <span class=\"_ _1\"></span>interrumpe <span class=\"_ _c4\"></span>el <span class=\"_ _c4\"></span>desarrollo de <span class=\"_ _1\"></span>act<span class=\"_ _1\"></span>ividades<span class=\"_ _0\"></span>, <span class=\"_ _c4\"></span>si <span class=\"_ _c4\"></span>estos se <span class=\"_ _c8\"></span>extienden<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>anera<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>significativa <span class=\"_ _c4\"></span>en <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>tiempo, <span class=\"_ _c4\"></span>salvo <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>el <span class=\"_ _c4\"></span>retraso <span class=\"_ _1\"></span>temporal sea necesario para<span class=\"_ _0\"></span> poner el activo en condici<span class=\"_ _0\"></span>ones de funcionamiento.<span class=\"_ _0\"></span>   <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Los <span class=\"_ _c2\"></span>gastos <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>explotaci\u00f3n <span class=\"_ _c8\"></span>relacionados <span class=\"_ _c8\"></span>directamente <span class=\"_ _c8\"></span>con <span class=\"_ _c2\"></span>las <span class=\"_ _c2\"></span>construcc<span class=\"_ _0\"></span>iones <span class=\"_ _c2\"></span>en <span class=\"_ _c8\"></span>curso <span class=\"_ _c2\"></span>del <span class=\"_ _c2\"></span>Inmovilizado<span class=\"_ _0\"></span> </span></span>material de aquell<span class=\"_ _0\"></span>os <span class=\"_ _1\"></span>pro<span class=\"_ _0\"></span>yectos realizados bajo el<span class=\"_ _0\"></span> control y direcci\u00f3n de las socied<span class=\"_ _0\"></span>ades del Grupo.   <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">La <span class=\"_ _1\"></span>estimaci\u00f3n in<span class=\"_ _0\"></span>icial de los costes de desman<span class=\"_ _0\"></span>telamiento y retiro del inmovi<span class=\"_ _0\"></span>lizado material.  </span></span>Los <span class=\"_ _1\"></span>activos en <span class=\"_ _c4\"></span>etapa <span class=\"_ _1\"></span>de construcci\u00f3n <span class=\"_ _1\"></span>(obras <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>curso) <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>capitalizan<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>como <span class=\"_ _1\"></span>Inmovilizado <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>curso. <span class=\"_ _1\"></span>Se<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>sigue el <span class=\"_ _1\"></span>crit<span class=\"_ _1\"></span>erio <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>traspasar <span class=\"_ _1\"></span>la <span class=\"_ _c4\"></span>obra <span class=\"_ _1\"></span>en <span class=\"_ _c4\"></span>curso <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>I<span class=\"_ _1\"></span>nmovil<span class=\"_ _0\"></span>izado <span class=\"_ _c4\"></span>material <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>explotaci\u00f3n <span class=\"_ _1\"></span>una <span class=\"_ _1\"></span>vez <span class=\"_ _c4\"></span>realizada <span class=\"_ _1\"></span>la <span class=\"_ _c4\"></span>puesta<span class=\"_ _0\"></span> en servicio y siempre que <span class=\"_ _1\"></span>el activo se encuentre en condiciones de funcionamiento. El inmovilizado<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>material<span class=\"_ _0\"></span> en curso no se amortiz<span class=\"_ _0\"></span>a.  Las <span class=\"_ _bf\"></span>mediciones <span class=\"_ _bf\"></span>posteriores <span class=\"_ _bf\"></span>al <span class=\"_ _bf\"></span>reconocimi<span class=\"_ _0\"></span>ento <span class=\"_ _bf\"></span>inicial <span class=\"_ _bf\"></span>se <span class=\"_ _bf\"></span>realizar\u00e1n <span class=\"_ _bf\"></span>utilizando <span class=\"_ _bf\"></span>el <span class=\"_ _bf\"></span>criterio <span class=\"_ _bf\"></span>del <span class=\"_ _bf\"></span>coste, <span class=\"_ _bf\"></span>registr\u00e1ndose<span class=\"_ _0\"></span> el valor <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>inmovilizado material por <span class=\"_ _1\"></span>su coste m<span class=\"_ _1\"></span>enos la <span class=\"_ _1\"></span>amortizaci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>acumulada y <span class=\"_ _1\"></span>el importe <span class=\"_ _1\"></span>acumulado de las p\u00e9rdidas por deteri<span class=\"_ _0\"></span>oro de valor.<span class=\"_ _29d\"> </span>Los <span class=\"_ _0\"></span>costes de <span class=\"_ _0\"></span>ampliaci\u00f3<span class=\"_ _0\"></span>n o <span class=\"_ _0\"></span>mejora de <span class=\"_ _0\"></span>los bie<span class=\"_ _0\"></span>nes de<span class=\"_ _0\"></span> la <span class=\"_ _0\"></span>propiedad, pla<span class=\"_ _0\"></span>nta y <span class=\"_ _0\"></span>equipo<span class=\"_ _0\"></span> que <span class=\"_ _0\"></span>supongan un<span class=\"_ _0\"></span> aumento<span class=\"_ _0\"></span> de <span class=\"_ _c8\"></span>la <span class=\"_ _c8\"></span>productividad, <span class=\"_ _c8\"></span>capacidad<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>y <span class=\"_ _c2\"></span>alargamiento <span class=\"_ _c8\"></span>de <span class=\"_ _c4\"></span>la <span class=\"_ _c8\"></span>vida <span class=\"_ _c8\"></span>\u00fatil <span class=\"_ _c2\"></span>se <span class=\"_ _c8\"></span>incorporan <span class=\"_ _c4\"></span>al <span class=\"_ _c8\"></span>act<span class=\"_ _1\"></span>ivo <span class=\"_ _c8\"></span>como <span class=\"_ _c4\"></span>m<span class=\"_ _1\"></span>ayor <span class=\"_ _c4\"></span>valor <span class=\"_ _c2\"></span>del bien.<span class=\"_ _29d\"> </span>Los <span class=\"_ _1\"></span>gastos <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>conservaci\u00f3n <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>antenimiento<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>del <span class=\"_ _1\"></span>Inmovilizado <span class=\"_ _1\"></span>material <span class=\"_ _c4\"></span>que <span class=\"_ _1\"></span>no <span class=\"_ _1\"></span>supongan <span class=\"_ _c4\"></span>un <span class=\"_ _1\"></span>aumento <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>la productividad <span class=\"_ _1\"></span>no <span class=\"_ _1\"></span>mejoren <span class=\"_ _1\"></span>su <span class=\"_ _1\"></span>utilizaci\u00f3n y <span class=\"_ _c4\"></span>no <span class=\"_ _1\"></span>alarguen <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>vida <span class=\"_ _c4\"></span>\u00fatil <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>activos, <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>cargar\u00e1n <span class=\"_ _1\"></span>directamente a la Cuenta de resulta<span class=\"_ _0\"></span>dos en el momento en que se<span class=\"_ _0\"></span> produzcan.<span class=\"_ _29d\"> </span> <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Amortizaci\u00f3n  </span></span>El <span class=\"_ _0\"></span>Inmovilizado <span class=\"_ _0\"></span>material <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>deprecia <span class=\"_ _0\"></span>distribuyend<span class=\"_ _0\"></span>o line<span class=\"_ _0\"></span>almente el<span class=\"_ _0\"></span> cost<span class=\"_ _0\"></span>e de<span class=\"_ _0\"></span> los<span class=\"_ _0\"></span> diferentes<span class=\"_ _0\"></span> elemen<span class=\"_ _0\"></span>tos que<span class=\"_ _0\"></span> co<span class=\"_ _0\"></span>m-<span class=\"_ _29d\"> </span>ponen dicho <span class=\"_ _1\"></span>activo <span class=\"_ _1\"></span>entre <span class=\"_ _1\"></span>los a\u00f1os <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>vida <span class=\"_ _1\"></span>\u00fatil est<span class=\"_ _1\"></span>imada que <span class=\"_ _1\"></span>constituyen<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>per\u00edodo en <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>se espera <span class=\"_ _1\"></span>utili-<span class=\"_ _29d\"> </span>zarlos, teniendo que ap<span class=\"_ _0\"></span>licar en cualquier caso los<span class=\"_ _0\"></span> siguientes rangos de co<span class=\"_ _0\"></span>eficientes:  Coeficiente anual Construcciones <span class=\"_ _d6\"> </span>2% - 10%<span class=\"_ _29d\"> </span>Instalaciones t\u00e9cnicas de energ\u00eda el\u00e9c<span class=\"_ _1\"></span>trica <span class=\"_ _d7\"> </span>2,5% - 8,5%<span class=\"_ _29d\"> </span>Instalaciones t\u00e9cnicas de telecomunicaciones fibra \u00f3ptica <span class=\"_ _72\"> </span>5% - 12,5% Instalaciones t\u00e9cnicas de telecomunicaciones satelitales <span class=\"_ _12\"> </span>Seg\u00fan plan de amortizaci\u00f3n<span class=\"_ _29d\"> </span>Otras instalaciones, maquinaria, ut<span class=\"_ _1\"></span>illaje, mobiliario y otro inmovilizado <span class=\"_ _d8\"> </span>4% - 33%<span class=\"_ _29d\"> </span>Del inmovilizado material pendiente de amortizar la mayor parte se <span class=\"_ _1\"></span>amortiza al 2,5%. El <span class=\"_ _1\"></span>cargo por amortiza-<span class=\"_ _29d\"> </span>ci\u00f3n de cada periodo<span class=\"_ _0\"></span> se reconoce en el resultado<span class=\"_ _0\"></span> del periodo.  El valor r<span class=\"_ _1\"></span>esidual y la <span class=\"_ _1\"></span>vida \u00fatil de los <span class=\"_ _1\"></span>activos se revisa al <span class=\"_ _1\"></span>menos anualmente y <span class=\"_ _1\"></span>se ajusta a <span class=\"_ _1\"></span>la realidad en caso de <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>resultase <span class=\"_ _1\"></span>necesario. <span class=\"_ _1\"></span>De <span class=\"_ _1\"></span>esta m<span class=\"_ _1\"></span>anera, <span class=\"_ _1\"></span>durante <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>pasado ejercicio <span class=\"_ _1\"></span>2021, <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>Grupo <span class=\"_ _c4\"></span>adopt\u00f3 <span class=\"_ _1\"></span>la decisi\u00f3n de <span class=\"_ _c2\"></span>reest<span class=\"_ _1\"></span>imar, <span class=\"_ _c8\"></span>con <span class=\"_ _c5\"></span>car\u00e1cte<span class=\"_ _0\"></span>r <span class=\"_ _c5\"></span>prospectivo <span class=\"_ _c2\"></span>desde <span class=\"_ _c2\"></span>el <span class=\"_ _c2\"></span>1 <span class=\"_ _c5\"></span>de <span class=\"_ _c2\"></span>enero <span class=\"_ _c5\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>2021 <span class=\"_ _c2\"></span>la <span class=\"_ _c2\"></span>vida <span class=\"_ _c2\"></span>\u00fatil <span class=\"_ _c5\"></span>de <span class=\"_ _c2\"></span>los <span class=\"_ _c5\"></span>activos <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>la <span class=\"_ _c5\"></span>flota satelital, <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>excepci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>sat\u00e9lites <span class=\"_ _1\"></span>Hispasat <span class=\"_ _1\"></span>55W-1, <span class=\"_ _1\"></span>Hispasat <span class=\"_ _1\"></span>74W-1 <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>Amazonas <span class=\"_ _1\"></span>2, <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>mantienen <span class=\"_ _1\"></span>su vida \u00fatil entre 13 y 15 a\u00f1os, habiendo adecuado <span class=\"_ _0\"></span>su amortizaci\u00f3n contable anual a una vida \u00fatil de 1<span class=\"_ _0\"></span>6,5 <span class=\"_ _1\"></span>a\u00f1os<span class=\"_ _0\"></span> en <span class=\"_ _0\"></span>base a <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>an\u00e1lisis <span class=\"_ _0\"></span>t\u00e9cnicos <span class=\"_ _0\"></span>realizados. <span class=\"_ _0\"></span>El imp<span class=\"_ _0\"></span>acto de<span class=\"_ _0\"></span> dic<span class=\"_ _0\"></span>ho cambio<span class=\"_ _0\"></span> de <span class=\"_ _0\"></span>estimaci\u00f3n <span class=\"_ _0\"></span>supuso <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>menor g<span class=\"_ _0\"></span>asto de 16 millones de euro<span class=\"_ _0\"></span>s de amortizaci\u00f3n (v\u00e9ase<span class=\"_ _0\"></span> nota 8).   La vida \u00fatil residual medi<span class=\"_ _0\"></span>a de estos activos paso <span class=\"_ _0\"></span>a ser de 14 a\u00f1os (v\u00e9ase n<span class=\"_ _0\"></span>ota <span class=\"_ _1\"></span>8). <span class=\"_ _0\"></span>  <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Deterior<span class=\"_ _1\"></span>o de valor <span class=\"_ _0\"></span> </span></span>Cuando <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>importe <span class=\"_ _1\"></span>en <span class=\"_ _c4\"></span>libros <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>inmovilizado <span class=\"_ _1\"></span>estos activos <span class=\"_ _1\"></span>sea <span class=\"_ _c4\"></span>superior a <span class=\"_ _1\"></span>su <span class=\"_ _1\"></span>im<span class=\"_ _1\"></span>porte <span class=\"_ _1\"></span>recuperable estimado, \u00e9ste <span class=\"_ _c8\"></span>se <span class=\"_ _c4\"></span>deber\u00e1 <span class=\"_ _c8\"></span>deteriorar <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>forma <span class=\"_ _c4\"></span>inmediata <span class=\"_ _c8\"></span>hasta <span class=\"_ _c4\"></span>su <span class=\"_ _c8\"></span>importe <span class=\"_ _c4\"></span>recuperable. <span class=\"_ _c4\"></span>Como <span class=\"_ _c8\"></span>importe <span class=\"_ _c4\"></span>recuperable <span class=\"_ _c4\"></span>se entender\u00e1 el mayor d<span class=\"_ _0\"></span>e los siguientes:  o<span class=\"ff5\"> <span class=\"_ _d0\"> </span><span class=\"ff3 fc1\">Valor razonable menos<span class=\"_ _0\"></span> costes de venta  </span></span>o<span class=\"ff5\"> <span class=\"_ _d0\"> </span><span class=\"ff3 fc1\">Valor <span class=\"_ _c5\"></span>de <span class=\"_ _c2\"></span>uso, <span class=\"_ _c5\"></span>es <span class=\"_ _c2\"></span>decir, <span class=\"_ _c5\"></span>el <span class=\"_ _c2\"></span>valor <span class=\"_ _c5\"></span>actual <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"> </span>los <span class=\"_ _c2\"></span>f<span class=\"_ _1\"></span>lujos<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>futuros <span class=\"_ _c5\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _c5\"> </span>efectivo <span class=\"_ _c2\"></span>estimados <span class=\"_ _c2\"></span>der<span class=\"_ _1\"></span>ivados<span class=\"_ _0\"></span> <span class=\"_ _c5\"> </span>del <span class=\"_ _c2\"></span>uso </span></span>continuado del activo<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>y d<span class=\"_ _0\"></span>e su enajenaci\u00f3n.  El <span class=\"_ _0\"></span>Grupo realiza <span class=\"_ _0\"></span>an\u00e1lisis <span class=\"_ _0\"></span>complementarios <span class=\"_ _0\"></span>sobre <span class=\"_ _0\"></span>estas magn<span class=\"_ _0\"></span>itudes a <span class=\"_ _0\"></span>consecuencia <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>cambios sig<span class=\"_ _0\"></span>nificativos del r\u00e9gimen retributivo<span class=\"_ _0\"></span> aplicable a los activos<span class=\"_ _0\"></span> de transporte de energ<span class=\"_ _0\"></span>\u00eda el\u00e9ctrica en Espa\u00f1a.  En <span class=\"_ _bf\"></span>el <span class=\"_ _0\"></span>ejercicio <span class=\"_ _bf\"></span>2020 <span class=\"_ _0\"></span>el<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>Gr<span class=\"_ _0\"></span>upo <span class=\"_ _0\"></span>registr\u00f3 <span class=\"_ _bf\"></span>una <span class=\"_ _bf\"></span>p\u00e9rdida <span class=\"_ _bf\"></span>por <span class=\"_ _0\"></span>deterioro<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>del <span class=\"_ _bf\"></span>valor <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _bf\"></span>activos <span class=\"_ _bf\"></span>asociado <span class=\"_ _0\"></span>en<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>los <span class=\"_ _bf\"></span>activos asignados <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>UGE <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>negocio <span class=\"_ _0\"></span>satelital <span class=\"_ _0\"></span>tradiciona<span class=\"_ _0\"></span>l (Leg<span class=\"_ _0\"></span>acy). Esto <span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>a su<span class=\"_ _0\"></span>puesto <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>los e<span class=\"_ _0\"></span>jercicios <span class=\"_ _0\"></span>2022 <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>2021 una <span class=\"_ _1\"></span>minoraci\u00f3n <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>la <span class=\"_ _c4\"></span>dotaci\u00f3n <span class=\"_ _1\"></span>a <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>amortizaci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>los <span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>encionados <span class=\"_ _1\"></span>activos <span class=\"_ _c4\"></span>por <span class=\"_ _1\"></span>un <span class=\"_ _c4\"></span>importe <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>12 <span class=\"_ _c4\"></span>millones de euros (v\u00e9ase no<span class=\"_ _0\"></span>ta 8).  El <span class=\"_ _c2\"></span>Grupo <span class=\"_ _c5\"></span>eval\u00faa <span class=\"_ _c2\"></span>y <span class=\"_ _c2\"></span>det<span class=\"_ _1\"></span>ermi<span class=\"_ _0\"></span>na <span class=\"_ _c2\"></span>las <span class=\"_ _c5\"></span>p\u00e9rdidas <span class=\"_ _c2\"></span>y <span class=\"_ _c5\"></span>las <span class=\"_ _c8\"></span>reversiones <span class=\"_ _c5\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>las <span class=\"_ _c2\"></span>p\u00e9rdidas <span class=\"_ _c2\"></span>por <span class=\"_ _c5\"></span>deterioro <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>valor <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>las Unidades Generadoras de <span class=\"_ _1\"></span>Efectivo (UGEs) <span class=\"_ _1\"></span>de acuerdo con <span class=\"_ _1\"></span>los criterios que <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>mencionan en el apartado <span class=\"_ _1\"></span>i) de esta nota.   <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Otr<span class=\"_ _1\"></span>os aspectos<span class=\"_ _0\"></span>  </span></span>Las <span class=\"_ _c5\"></span>subvenciones <span class=\"_ _c5\"></span>oficiale<span class=\"_ _0\"></span>s <span class=\"_ _c5\"> </span>y <span class=\"_ _c5\"> </span>otros <span class=\"_ _c5\"> </span>cobros <span class=\"_ _c5\"> </span>asimilables <span class=\"_ _c5\"></span>recibidos <span class=\"_ _c2\"></span>r<span class=\"_ _1\"></span>elacionados <span class=\"_ _c5\"></span>con <span class=\"_ _c5\"></span>la <span class=\"_ _c5\"></span>adquisic<span class=\"_ _0\"></span>i\u00f3n <span class=\"_ _c5\"></span>de <span class=\"_ _c5\"> </span>estos activos <span class=\"_ _c2\"></span>se <span class=\"_ _c5\"></span>reconocen<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>como <span class=\"_ _c2\"></span>ingresos <span class=\"_ _c5\"></span>dife<span class=\"_ _0\"></span>ridos <span class=\"_ _c2\"></span>t<span class=\"_ _1\"></span>raslad\u00e1ndose <span class=\"_ _c2\"></span>a <span class=\"_ _c5\"></span>resultado<span class=\"_ _0\"></span>s <span class=\"_ _c5\"></span>a <span class=\"_ _c2\"></span>lo <span class=\"_ _c5\"></span>largo <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>la <span class=\"_ _c2\"></span>vida <span class=\"_ _c5\"></span>\u00fatil <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>los activos.<span class=\"_ _29d\"> </span>Se <span class=\"_ _c8\"></span>dar\u00e1 <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>baja <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>los <span class=\"_ _c2\"></span>registros <span class=\"_ _c8\"></span>contables <span class=\"_ _c8\"></span>el <span class=\"_ _c8\"></span>Inmovilizado <span class=\"_ _c8\"></span>material <span class=\"_ _c8\"></span>cuando <span class=\"_ _c8\"></span>este <span class=\"_ _c8\"></span>se <span class=\"_ _c8\"></span>retir<span class=\"_ _1\"></span>e;<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>o <span class=\"_ _c2\"></span>cuando<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>no <span class=\"_ _c8\"></span>se espere <span class=\"_ _c4\"></span>obtener <span class=\"_ _c4\"></span>beneficios <span class=\"_ _1\"></span>econ\u00f3micos <span class=\"_ _c4\"></span>futuros <span class=\"_ _c4\"></span>por <span class=\"_ _c4\"></span>su <span class=\"_ _c4\"></span>uso <span class=\"_ _c4\"></span>o <span class=\"_ _c4\"></span>retir<span class=\"_ _1\"></span>o. <span class=\"_ _1\"></span>L<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>p\u00e9rdida <span class=\"_ _c4\"></span>o <span class=\"_ _c8\"></span>ganancia <span class=\"_ _1\"></span>surgida <span class=\"_ _c4\"></span>al <span class=\"_ _c4\"></span>dar <span class=\"_ _c8\"></span>de baja un ele<span class=\"_ _0\"></span>mento se calc<span class=\"_ _0\"></span>ular\u00e1 mediante<span class=\"_ _0\"></span> la diferen<span class=\"_ _0\"></span>cia entre el i<span class=\"_ _0\"></span>mporte neto <span class=\"_ _0\"></span>que, en su ca<span class=\"_ _0\"></span>so, se obte<span class=\"_ _0\"></span>nga de la venta <span class=\"_ _c9\"> </span>del <span class=\"_ _c9\"> </span>ac<span class=\"_ _0\"></span>tivo <span class=\"_ _c9\"> </span>y <span class=\"_ _c9\"> </span>su <span class=\"_ _c0\"> </span>valor <span class=\"_ _c9\"> </span>en <span class=\"_ _c9\"> </span>libros<span class=\"_ _0\"></span> <span class=\"_ _c9\"> </span>(coste <span class=\"_ _c9\"> </span>inicial <span class=\"_ _c0\"> </span>menos <span class=\"_ _c9\"> </span>amortizacion<span class=\"_ _0\"></span>es <span class=\"_ _c9\"> </span>y <span class=\"_ _c9\"> </span>deterioros). <span class=\"_ _c0\"> </span>Dicha <span class=\"_ _c0\"> </span>p\u00e9rdida <span class=\"_ _c9\"> </span>o<span class=\"_ _29d\"> </span>ganancia se incluir\u00e1 en el resultado del periodo cuando la partida sea dada de baja en cuentas. El resultado de estas transaccio<span class=\"_ _0\"></span>nes no se incluir\u00e1 como<span class=\"_ _0\"></span> resultado de las activida<span class=\"_ _0\"></span>des ordinarias.<span class=\"_ _29d\"> </span>e) <span class=\"_ _c7\"> </span>Inversiones Inmobiliarias<span class=\"ff3 fc1\"> <span class=\"_ _0\"></span> </span>Las <span class=\"_ _0\"></span>sociedade<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>valo<span class=\"_ _0\"></span>ran <span class=\"_ _0\"></span>sus <span class=\"_ _0\"></span>Inversiones <span class=\"_ _bf\"></span>inmobiliarias <span class=\"_ _0\"></span>sigu<span class=\"_ _0\"></span>iendo <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>m\u00e9todo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>cos<span class=\"_ _0\"></span>te d<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>adquisici\u00f3<span class=\"_ _0\"></span>n. Cuando <span class=\"_ _c2\"></span>el <span class=\"_ _c2\"></span>importe <span class=\"_ _c5\"></span>en <span class=\"_ _c2\"></span>libros <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>estos <span class=\"_ _c2\"></span>activos <span class=\"_ _c2\"></span>sea <span class=\"_ _c5\"></span>superior <span class=\"_ _c2\"></span>a <span class=\"_ _c2\"></span>su <span class=\"_ _c5\"></span>importe <span class=\"_ _c2\"></span>recuperable <span class=\"_ _c2\"></span>estimado, <span class=\"_ _c2\"></span>se <span class=\"_ _c2\"></span>deber\u00e1 reducir el valor <span class=\"_ _1\"></span>en libros de f<span class=\"_ _1\"></span>orma<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>inmediata. El valor de mer<span class=\"_ _1\"></span>cado de las Inversiones inmobiliarias del Grupo se desglosa en la no<span class=\"_ _0\"></span>ta 10 de las cuentas anuale<span class=\"_ _0\"></span>s consolidadas.  Las <span class=\"_ _1\"></span>In<span class=\"_ _1\"></span>versione<span class=\"_ _0\"></span>s <span class=\"_ _c4\"></span>Inmobiliarias, <span class=\"_ _1\"></span>a <span class=\"_ _c4\"></span>excepci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>los <span class=\"_ _c4\"></span>terrenos, <span class=\"_ _c4\"></span>se <span class=\"_ _c4\"></span>amortizan <span class=\"_ _1\"></span>distribuyendo <span class=\"_ _1\"></span>linealmente <span class=\"_ _1\"></span>el <span class=\"_ _c4\"></span>coste de los diferentes elemen<span class=\"_ _0\"></span>tos que lo componen ent<span class=\"_ _0\"></span>re los a\u00f1os de vida \u00fatil e<span class=\"_ _0\"></span>st<span class=\"_ _1\"></span>imada qu<span class=\"_ _0\"></span>e constituyen. f) <span class=\"_ _59\"> </span>Arrendamientos<span class=\"_ _0\"></span><span class=\"ff3 fc1\">  </span>Como <span class=\"_ _1\"></span>consecuencia de <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>aplicaci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>NIIF <span class=\"_ _1\"></span>16 <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>Grupo <span class=\"_ _1\"></span>eval\u00faa al <span class=\"_ _c4\"></span>inicio <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>contrato, si <span class=\"_ _c4\"></span>\u00e9ste contiene un <span class=\"_ _c4\"></span>arr<span class=\"_ _1\"></span>endamien<span class=\"_ _0\"></span>to. <span class=\"_ _c8\"></span>Un <span class=\"_ _c4\"></span>contrato <span class=\"_ _c4\"></span>es <span class=\"_ _c8\"></span>o <span class=\"_ _c8\"></span>contiene <span class=\"_ _c4\"></span>un <span class=\"_ _c4\"></span>arrendamiento, <span class=\"_ _c4\"></span>si <span class=\"_ _c8\"></span>otorga <span class=\"_ _c4\"></span>el <span class=\"_ _c4\"></span>der<span class=\"_ _1\"></span>echo <span class=\"_ _c4\"></span>a <span class=\"_ _c8\"></span>controlar <span class=\"_ _1\"></span>el <span class=\"_ _c8\"></span>uso <span class=\"_ _c8\"></span>del activo identificado<span class=\"_ _0\"></span> durante<span class=\"_ _0\"></span> un periodo <span class=\"_ _0\"></span>de tiempo a<span class=\"_ _0\"></span> cambio de<span class=\"_ _0\"></span> contraprestaci\u00f3<span class=\"_ _0\"></span>n. El periodo <span class=\"_ _0\"></span>de tie<span class=\"_ _0\"></span>mpo durante<span class=\"_ _0\"></span> el <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>utili<span class=\"_ _0\"></span>za un<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>activo <span class=\"_ _0\"></span>incluye<span class=\"_ _0\"></span> l<span class=\"_ _0\"></span>os pe<span class=\"_ _0\"></span>riodos <span class=\"_ _0\"></span>conse<span class=\"_ _0\"></span>cutivos <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>no <span class=\"_ _0\"></span>conse<span class=\"_ _0\"></span>cutivos <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>tiempo. <span class=\"_ _0\"></span>El <span class=\"_ _bf\"></span>G<span class=\"_ _1\"></span>rupo <span class=\"_ _0\"></span>s\u00f3lo<span class=\"_ _0\"></span> reeval\u00faa las condicio<span class=\"_ _0\"></span>nes, cuando se produce un<span class=\"_ _0\"></span>a modificaci\u00f3n del con<span class=\"_ _0\"></span>trato:   <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Como arrendatario  </span></span>En <span class=\"_ _1\"></span>los <span class=\"_ _c4\"></span>contratos <span class=\"_ _c4\"></span>que <span class=\"_ _1\"></span>contienen <span class=\"_ _c4\"></span>uno <span class=\"_ _1\"></span>o <span class=\"_ _c4\"></span>m\u00e1s <span class=\"_ _c4\"></span>componen<span class=\"_ _0\"></span>tes <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>arrendamien<span class=\"_ _0\"></span>to <span class=\"_ _c4\"></span>y <span class=\"_ _c4\"></span>distintos <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>arrendamiento, <span class=\"_ _1\"></span>el Grupo <span class=\"_ _0\"></span>asigna<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>traprestaci\u00f3n <span class=\"_ _0\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>contrato <span class=\"_ _bf\"></span>a <span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>da <span class=\"_ _0\"></span>componente <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>arrenda<span class=\"_ _0\"></span>miento <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>acuerdo <span class=\"_ _0\"></span>con <span class=\"_ _bf\"></span>el p<span class=\"_ _0\"></span>recio de venta independie<span class=\"_ _0\"></span>nte del componente de arren<span class=\"_ _0\"></span>damiento y el precio individual a<span class=\"_ _0\"></span>gregado de los componen-<span class=\"_ _29d\"> </span>tes distintos del arrend<span class=\"_ _0\"></span>amiento.  Los <span class=\"_ _c8\"></span>pagos <span class=\"_ _c8\"></span>realizados <span class=\"_ _c4\"></span>por <span class=\"_ _c8\"></span>el <span class=\"_ _c8\"></span>Grupo <span class=\"_ _c8\"></span>que <span class=\"_ _c8\"></span>no <span class=\"_ _c8\"></span>suponen <span class=\"_ _c8\"></span>la <span class=\"_ _c8\"></span>transferencia <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>bienes <span class=\"_ _c4\"></span>o <span class=\"_ _c2\"></span>servicios <span class=\"_ _c8\"></span>al <span class=\"_ _c8\"></span>mismo <span class=\"_ _c4\"></span>por <span class=\"_ _c8\"></span>el arrendador no constituyen <span class=\"_ _1\"></span>un componente separado del <span class=\"_ _1\"></span>arrendamiento<span class=\"_ _0\"></span>, <span class=\"_ _1\"></span>sino que forman <span class=\"_ _1\"></span>parte de <span class=\"_ _1\"></span>la contra-<span class=\"_ _29d\"> </span>prestaci\u00f3n total del con<span class=\"_ _0\"></span>trato.  El <span class=\"_ _c8\"></span>Grupo <span class=\"_ _c8\"></span>reconoce <span class=\"_ _c8\"></span>al <span class=\"_ _c8\"></span>comienzo <span class=\"_ _c8\"></span>del <span class=\"_ _c8\"></span>arrendamien<span class=\"_ _0\"></span>to <span class=\"_ _c2\"></span>un <span class=\"_ _c8\"></span>activo <span class=\"_ _c8\"></span>por <span class=\"_ _c8\"></span>derecho <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>uso <span class=\"_ _c8\"></span>y <span class=\"_ _c2\"></span>un <span class=\"_ _c4\"></span>pasivo <span class=\"_ _c8\"></span>por <span class=\"_ _c8\"></span>arr<span class=\"_ _1\"></span>enda-<span class=\"_ _29d\"> </span>miento. El <span class=\"_ _1\"></span>act<span class=\"_ _1\"></span>ivo por <span class=\"_ _1\"></span>derecho de <span class=\"_ _1\"></span>uso <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>compone del <span class=\"_ _1\"></span>importe <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>pasivo por <span class=\"_ _1\"></span>arrendamiento, cualquier pago por <span class=\"_ _c4\"></span>arrendamiento <span class=\"_ _1\"></span>realizado <span class=\"_ _1\"></span>en <span class=\"_ _c8\"></span>o <span class=\"_ _c4\"></span>con <span class=\"_ _c4\"></span>anteriorida<span class=\"_ _0\"></span>d <span class=\"_ _c4\"></span>a <span class=\"_ _c8\"></span>la <span class=\"_ _c4\"></span>fecha <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>comienzo, <span class=\"_ _c4\"></span>menos <span class=\"_ _c4\"></span>los <span class=\"_ _c4\"></span>incentivos <span class=\"_ _1\"></span>recibidos, los costes iniciales directo<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>incurridos y una estima<span class=\"_ _0\"></span>ci\u00f3n de los costes de desmantelamiento o restauraci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>a incurrir, seg\u00fan lo ind<span class=\"_ _0\"></span>icado en la pol\u00edtica contable <span class=\"_ _0\"></span>de provisiones.  El <span class=\"_ _c4\"></span>Gr<span class=\"_ _1\"></span>upo <span class=\"_ _c4\"></span>valora <span class=\"_ _c4\"></span>el <span class=\"_ _c4\"></span>pasivo <span class=\"_ _c4\"></span>por <span class=\"_ _c4\"></span>arrendamiento <span class=\"_ _c4\"></span>por <span class=\"_ _c8\"></span>el <span class=\"_ _c4\"></span>valor <span class=\"_ _c8\"></span>actual <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>los <span class=\"_ _c4\"></span>pagos <span class=\"_ _c8\"></span>por <span class=\"_ _c4\"></span>arrendamiento <span class=\"_ _c4\"></span>que <span class=\"_ _c4\"></span>est\u00e9n pendientes <span class=\"_ _c8\"></span>de <span class=\"_ _c4\"></span>pago <span class=\"_ _c8\"></span>en <span class=\"_ _c8\"></span>la <span class=\"_ _c8\"></span>fecha <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>comienzo. <span class=\"_ _c8\"></span>El <span class=\"_ _c8\"></span>Grupo <span class=\"_ _c8\"></span>descuenta <span class=\"_ _c4\"></span>los <span class=\"_ _c8\"></span>pagos <span class=\"_ _c8\"></span>por <span class=\"_ _c8\"></span>arrendamien<span class=\"_ _0\"></span>to <span class=\"_ _c8\"></span>al <span class=\"_ _c8\"></span>t<span class=\"_ _1\"></span>ipo <span class=\"_ _c4\"></span>de inter\u00e9s <span class=\"_ _0\"></span>incremental <span class=\"_ _0\"></span>apro<span class=\"_ _0\"></span>piado, sa<span class=\"_ _0\"></span>lvo <span class=\"_ _0\"></span>que pu<span class=\"_ _0\"></span>eda <span class=\"_ _0\"></span>determinar <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>fiabilid<span class=\"_ _0\"></span>ad e<span class=\"_ _0\"></span>l tipo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>inter\u00e9s <span class=\"_ _0\"></span>impl\u00edcito <span class=\"_ _bf\"></span>del arren-<span class=\"_ _29d\"> </span>dador.  Los <span class=\"_ _bf\"></span>pagos <span class=\"_ _bf\"></span>por <span class=\"_ _0\"></span>arren<span class=\"_ _0\"></span>damiento <span class=\"_ _bf\"></span>pendientes <span class=\"_ _bf\"></span>se <span class=\"_ _bf\"></span>componen <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>los <span class=\"_ _bf\"></span>pagos <span class=\"_ _bf\"></span>fijos, <span class=\"_ _bf\"></span>menos <span class=\"_ _bf\"></span>cualquier <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ncentivo <span class=\"_ _bf\"></span>a <span class=\"_ _bf\"></span>cobrar, los <span class=\"_ _1\"></span>pagos <span class=\"_ _1\"></span>variables <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>dependen <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>\u00edndice <span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>asa, <span class=\"_ _1\"></span>valorados inicialmente <span class=\"_ _1\"></span>por <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>\u00ed<span class=\"_ _1\"></span>ndice <span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>tasa aplicable en <span class=\"_ _c2\"></span>la <span class=\"_ _c5\"> </span>fecha <span class=\"_ _c5\"></span>de <span class=\"_ _c5\"></span>comienz<span class=\"_ _0\"></span>o, <span class=\"_ _c5\"></span>los <span class=\"_ _c5\"></span>importes <span class=\"_ _c2\"></span>que <span class=\"_ _c2\"></span>se <span class=\"_ _c5\"></span>espera <span class=\"_ _c5\"></span>pagar <span class=\"_ _c2\"></span>por <span class=\"_ _c5\"></span>garant\u00edas <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>valor <span class=\"_ _c2\"></span>r<span class=\"_ _1\"></span>esidual, <span class=\"_ _c2\"></span>el <span class=\"_ _c5\"></span>precio <span class=\"_ _c2\"></span>de ejercicio <span class=\"_ _1\"></span>de la <span class=\"_ _1\"></span>opci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>compra <span class=\"_ _1\"></span>cuyo <span class=\"_ _1\"></span>ejercicio sea <span class=\"_ _1\"></span>razonablemen<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>e cierto <span class=\"_ _1\"></span>y <span class=\"_ _c4\"></span>los pagos <span class=\"_ _1\"></span>por <span class=\"_ _1\"></span>indemnizacion<span class=\"_ _0\"></span>es por <span class=\"_ _1\"></span>cancelaci\u00f3n de <span class=\"_ _1\"></span>contrato, <span class=\"_ _1\"></span>siempre <span class=\"_ _1\"></span>que el <span class=\"_ _1\"></span>plazo <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>arrendamien<span class=\"_ _0\"></span>to <span class=\"_ _1\"></span>refleje <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>ejercicio de <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>opci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>can-<span class=\"_ _29d\"> </span>celaci\u00f3n.  El <span class=\"_ _1\"></span>Grupo <span class=\"_ _1\"></span>valora <span class=\"_ _1\"></span>los activos <span class=\"_ _1\"></span>por <span class=\"_ _1\"></span>derecho <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>uso al <span class=\"_ _c4\"></span>coste, m<span class=\"_ _1\"></span>enos<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>las <span class=\"_ _1\"></span>amortiz<span class=\"_ _0\"></span>aciones <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>p\u00e9rdidas <span class=\"_ _1\"></span>por deter<span class=\"_ _1\"></span>ioro<span class=\"_ _0\"></span> acumuladas, ajustados<span class=\"_ _0\"></span> por cualquier<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>reestimaci\u00f3<span class=\"_ _0\"></span>n del pasivo por arrenda<span class=\"_ _0\"></span>miento.  Si <span class=\"_ _c4\"></span>el <span class=\"_ _c8\"></span>contrato <span class=\"_ _c4\"></span>transfiere <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>propiedad <span class=\"_ _c4\"></span>del <span class=\"_ _c8\"></span>activo<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>al <span class=\"_ _c8\"></span>Grupo <span class=\"_ _c4\"></span>al <span class=\"_ _c4\"></span>final <span class=\"_ _c8\"></span>del <span class=\"_ _c4\"></span>plazo <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>arrendamiento<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>o <span class=\"_ _c8\"></span>el <span class=\"_ _c4\"></span>activo <span class=\"_ _c4\"></span>por derecho <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>uso <span class=\"_ _1\"></span>incluye <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>pr<span class=\"_ _1\"></span>ecio <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>la <span class=\"_ _c4\"></span>opci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>compra, <span class=\"_ _1\"></span>se <span class=\"_ _c4\"></span>aplican <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>criter<span class=\"_ _1\"></span>ios <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>amortizaci\u00f3n <span class=\"_ _1\"></span>indicados en <span class=\"_ _c4\"></span>el <span class=\"_ _c8\"></span>apartado <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>inmoviliza<span class=\"_ _0\"></span>do <span class=\"_ _c8\"></span>material <span class=\"_ _c4\"></span>desde <span class=\"_ _c8\"></span>la <span class=\"_ _c4\"></span>fecha <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>comienzo <span class=\"_ _c4\"></span>del <span class=\"_ _c4\"></span>arrendamiento <span class=\"_ _c4\"></span>hasta <span class=\"_ _c8\"></span>el <span class=\"_ _c4\"></span>final <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>la vida <span class=\"_ _c5\"></span>\u00fatil<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>del <span class=\"_ _c5\"></span>activo.<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>En <span class=\"_ _c5\"></span>ca<span class=\"_ _0\"></span>so <span class=\"_ _c5\"></span>contrario,<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>el <span class=\"_ _c2\"></span>Grupo <span class=\"_ _c5\"></span>amortiza <span class=\"_ _c2\"></span>el <span class=\"_ _c5\"></span>activo<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>por <span class=\"_ _c5\"></span>d<span class=\"_ _0\"></span>erecho <span class=\"_ _c5\"></span>de <span class=\"_ _c2\"></span>uso <span class=\"_ _c5\"></span>desde<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>la <span class=\"_ _c2\"></span>fecha <span class=\"_ _c5\"></span>de<span class=\"_ _0\"></span> comienzo hasta la<span class=\"_ _0\"></span> fecha anterior de entre la vida <span class=\"_ _0\"></span>\u00fatil del derecho o el final d<span class=\"_ _0\"></span>el plazo de arrendamiento.<span class=\"_ _29d\"> </span>El <span class=\"_ _c8\"></span>Grupo <span class=\"_ _c4\"></span>aplica <span class=\"_ _c8\"></span>los <span class=\"_ _c8\"></span>criterios <span class=\"_ _c8\"></span>de <span class=\"_ _c4\"></span>deterioro <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>valor <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>activos <span class=\"_ _c8\"></span>no <span class=\"_ _c4\"></span>corrientes <span class=\"_ _c8\"></span>indicados <span class=\"_ _c4\"></span>en <span class=\"_ _c8\"></span>el <span class=\"_ _c8\"></span>apartado <span class=\"_ _c8\"></span>4.c) <span class=\"_ _c4\"></span>al activo por derecho de us<span class=\"_ _0\"></span>o.<span class=\"_ _29d\"> </span>El <span class=\"_ _c8\"></span>Grupo <span class=\"_ _c8\"></span>valora <span class=\"_ _c4\"></span>el <span class=\"_ _c8\"></span>pasivo <span class=\"_ _c8\"></span>por <span class=\"_ _c4\"></span>arrendamiento <span class=\"_ _c8\"></span>increment\u00e1ndolo<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>por <span class=\"_ _c8\"></span>el <span class=\"_ _c8\"></span>gasto <span class=\"_ _c4\"></span>f<span class=\"_ _1\"></span>inanciero<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>devengado, <span class=\"_ _c8\"></span>disminu-<span class=\"_ _29d\"> </span>y\u00e9ndolo p<span class=\"_ _0\"></span>or los pagos <span class=\"_ _0\"></span>realizado<span class=\"_ _0\"></span>s y reestimando<span class=\"_ _0\"></span> el valo<span class=\"_ _0\"></span>r contable por <span class=\"_ _0\"></span>las mod<span class=\"_ _0\"></span>ificaciones del arr<span class=\"_ _0\"></span>endamiento o para reflejar las actuali<span class=\"_ _0\"></span>zaciones de los pagos <span class=\"_ _0\"></span>fijos en sustancia.  El Grupo registra los pagos variables que no se han incluido en la <span class=\"_ _1\"></span>valoraci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>inicial<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>del pasivo en resultados del periodo en el que<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>se <span class=\"_ _0\"></span>producen los hechos qu<span class=\"_ _0\"></span>e desencadenan su dese<span class=\"_ _0\"></span>mbolso.  El Grupo registra las<span class=\"_ _0\"></span> reestimaciones del pasivo co<span class=\"_ _0\"></span>mo un ajuste al activo por derecho de<span class=\"_ _0\"></span> uso, hasta que \u00e9ste se reduce a cero<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>y posterio<span class=\"_ _0\"></span>rmente en resultados.  El Grupo reestima <span class=\"_ _1\"></span>el pasivo por arrendamiento descontando los pagos por arrendamiento a <span class=\"_ _1\"></span>una<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>tasa actua-<span class=\"_ _29d\"> </span>lizada, si <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>produce <span class=\"_ _1\"></span>un cambio <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>plazo <span class=\"_ _1\"></span>de arrendamiento o <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>cambio en <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>expectativa <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>ejerci<span class=\"_ _0\"></span>cio <span class=\"_ _1\"></span>de la opci\u00f3n de compra<span class=\"_ _0\"></span> del activo subyacente.  El G<span class=\"_ _1\"></span>rupo reestima <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>pasivo por <span class=\"_ _1\"></span>arrendamiento si <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>produce un <span class=\"_ _1\"></span>cambio <span class=\"_ _1\"></span>en los <span class=\"_ _1\"></span>importes <span class=\"_ _1\"></span>esperados a <span class=\"_ _1\"></span>pagar de <span class=\"_ _1\"></span>una <span class=\"_ _1\"></span>garant<span class=\"_ _0\"></span>\u00eda <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>valor r<span class=\"_ _1\"></span>esidual o un <span class=\"_ _c4\"></span>cambio en el <span class=\"_ _1\"></span>\u00edndice <span class=\"_ _1\"></span>o t<span class=\"_ _1\"></span>asa utilizado <span class=\"_ _1\"></span>para determinar <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>pag<span class=\"_ _0\"></span>os, <span class=\"_ _1\"></span>inclu-<span class=\"_ _29d\"> </span>yendo <span class=\"_ _c8\"></span>un <span class=\"_ _c2\"></span>cambio <span class=\"_ _c8\"></span>para <span class=\"_ _c4\"></span>ref<span class=\"_ _1\"></span>lejar <span class=\"_ _c8\"></span>cambios <span class=\"_ _c4\"></span>en <span class=\"_ _c2\"></span>las <span class=\"_ _c8\"></span>rentas <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>m<span class=\"_ _1\"></span>ercado <span class=\"_ _c8\"></span>una <span class=\"_ _c8\"></span>vez <span class=\"_ _c8\"></span>se <span class=\"_ _c2\"></span>produce <span class=\"_ _c8\"></span>una <span class=\"_ _c8\"></span>revisi\u00f3n <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>las mismas.  El Grupo <span class=\"_ _0\"></span>reconoce u<span class=\"_ _0\"></span>na <span class=\"_ _0\"></span>modificaci\u00f3n del <span class=\"_ _0\"></span>arrendamien<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>como un a<span class=\"_ _0\"></span>rrendamiento<span class=\"_ _0\"></span> separado si<span class=\"_ _0\"></span> \u00e9sta <span class=\"_ _0\"></span>aumenta el<span class=\"_ _0\"></span> alcance del arr<span class=\"_ _1\"></span>endamie<span class=\"_ _0\"></span>nto <span class=\"_ _1\"></span>a\u00f1adiendo uno o m\u00e1s <span class=\"_ _1\"></span>derechos de <span class=\"_ _1\"></span>uso y el <span class=\"_ _1\"></span>importe de la <span class=\"_ _1\"></span>contraprestac<span class=\"_ _0\"></span>i\u00f3n por <span class=\"_ _1\"></span>el arrendamiento <span class=\"_ _c2\"></span>aumenta <span class=\"_ _c2\"></span>por <span class=\"_ _c5\"> </span>un <span class=\"_ _c5\"></span>importe <span class=\"_ _c2\"></span>consistente <span class=\"_ _c5\"></span>con<span class=\"_ _0\"></span> <span class=\"_ _c5\"> </span>el <span class=\"_ _c5\"></span>precio <span class=\"_ _c2\"></span>individual <span class=\"_ _c2\"></span>por <span class=\"_ _c5\"> </span>el <span class=\"_ _c5\"></span>aumento <span class=\"_ _c2\"></span>del <span class=\"_ _c5\"></span>alcance <span class=\"_ _c8\"></span>y cualquier ajuste al precio<span class=\"_ _0\"></span> individual para re<span class=\"_ _0\"></span>f<span class=\"_ _1\"></span>lejar la<span class=\"_ _0\"></span>s circunstancias particula<span class=\"_ _0\"></span>res del contrato.  Si la modificaci\u00f3n no <span class=\"_ _1\"></span>resulta en un <span class=\"_ _1\"></span>arrenda<span class=\"_ _0\"></span>miento separado, <span class=\"_ _1\"></span>en<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>la fecha de m<span class=\"_ _1\"></span>odificaci\u00f3n<span class=\"_ _0\"></span>, <span class=\"_ _1\"></span>el Grupo asigna la contraprestaci\u00f3n <span class=\"_ _c2\"></span>al <span class=\"_ _c2\"></span>contrato <span class=\"_ _c5\"></span>modificado <span class=\"_ _c2\"></span>seg\u00fan <span class=\"_ _c5\"></span>lo <span class=\"_ _c2\"></span>indicado <span class=\"_ _c2\"></span>anteriormente, <span class=\"_ _c2\"></span>vuelve <span class=\"_ _c5\"></span>a <span class=\"_ _c2\"></span>determinar <span class=\"_ _c2\"></span>el <span class=\"_ _c5\"></span>plazo <span class=\"_ _c2\"></span>de arrendamiento y reesti<span class=\"_ _0\"></span>ma el valor del pasivo descontando los pagos revis<span class=\"_ _0\"></span>ados al tipo de inter\u00e9s revisado. El Grupo dis<span class=\"_ _0\"></span>minuye el <span class=\"_ _0\"></span>valor <span class=\"_ _0\"></span>contable <span class=\"_ _0\"></span>del activo <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>derecho <span class=\"_ _0\"></span>de uso <span class=\"_ _0\"></span>para re<span class=\"_ _0\"></span>flejar la <span class=\"_ _0\"></span>finalizaci\u00f3<span class=\"_ _0\"></span>n parcial <span class=\"_ _0\"></span>o total <span class=\"_ _0\"></span>del arrendamiento, en<span class=\"_ _0\"></span> aquellas modificaciones que<span class=\"_ _0\"></span> disminuyen el<span class=\"_ _0\"></span> alcance del a<span class=\"_ _0\"></span>rr<span class=\"_ _1\"></span>endami<span class=\"_ _0\"></span>ento y registra <span class=\"_ _0\"></span>en resul-<span class=\"_ _29d\"> </span>tados el <span class=\"_ _1\"></span>beneficio<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>o p\u00e9rdida. <span class=\"_ _1\"></span>Para el resto de <span class=\"_ _1\"></span>las modificaciones, el Grupo ajusta <span class=\"_ _1\"></span>el valor contable del activo por derecho de uso<span class=\"_ _0\"></span>.  El <span class=\"_ _1\"></span>Grupo <span class=\"_ _1\"></span>ha <span class=\"_ _1\"></span>optado <span class=\"_ _1\"></span>por <span class=\"_ _1\"></span>no <span class=\"_ _1\"></span>aplicar <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>pol\u00edticas <span class=\"_ _1\"></span>contables indicadas <span class=\"_ _1\"></span>para <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>arrendamientos<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>a corto <span class=\"_ _c4\"></span>plazo <span class=\"_ _1\"></span>y aquellos en los que<span class=\"_ _0\"></span> el activo subyacente<span class=\"_ _0\"></span> t<span class=\"_ _1\"></span>iene un<span class=\"_ _0\"></span> valor inferior a 5.000 euros.  En <span class=\"_ _c2\"></span>el <span class=\"_ _c5\"></span>Estado<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>de <span class=\"_ _c2\"></span>Flujos <span class=\"_ _c8\"></span>de <span class=\"_ _c5\"></span>Efectivo<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>los <span class=\"_ _c2\"></span>pagos <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>los <span class=\"_ _c5\"></span>arrenda<span class=\"_ _0\"></span>mientos <span class=\"_ _c2\"></span>incluido<span class=\"_ _0\"></span>s <span class=\"_ _c5\"></span>en <span class=\"_ _c2\"></span>el <span class=\"_ _c2\"></span>alcance <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>la <span class=\"_ _c5\"></span>NIIF16<span class=\"_ _0\"></span> incluido<span class=\"_ _0\"></span>s <span class=\"_ _c8\"></span>en <span class=\"_ _c8\"></span>la <span class=\"_ _c8\"></span>pol\u00edtica <span class=\"_ _c4\"></span>arriba <span class=\"_ _c4\"></span>mencionada <span class=\"_ _c4\"></span>se <span class=\"_ _c4\"></span>registran <span class=\"_ _c4\"></span>por <span class=\"_ _c8\"></span>la <span class=\"_ _c4\"></span>parte <span class=\"_ _c8\"></span>princip<span class=\"_ _0\"></span>al <span class=\"_ _c8\"></span>del <span class=\"_ _c4\"></span>mismo <span class=\"_ _c4\"></span>dentro <span class=\"_ _c8\"></span>de <span class=\"_ _c4\"></span>Flujos <span class=\"_ _c8\"></span>de Efectivo por <span class=\"_ _1\"></span>Actividades de Financiaci\u00f3n <span class=\"_ _1\"></span>en el <span class=\"_ _1\"></span>apartado de <span class=\"_ _1\"></span>Otros pagos <span class=\"_ _1\"></span>de act<span class=\"_ _1\"></span>ividades<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>de fi<span class=\"_ _1\"></span>nancia<span class=\"_ _0\"></span>ci\u00f3n. <span class=\"_ _1\"></span>Asi-<span class=\"_ _29d\"> </span>mismo, <span class=\"_ _c8\"></span>los <span class=\"_ _c4\"></span>pagos <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>los <span class=\"_ _c4\"></span>intereses <span class=\"_ _c8\"></span>del <span class=\"_ _c4\"></span>arrendamiento <span class=\"_ _c4\"></span>se <span class=\"_ _c4\"></span>clasifican <span class=\"_ _c8\"></span>en <span class=\"_ _c8\"></span>el <span class=\"_ _1\"></span>apartado <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>Pagos <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>intereses <span class=\"_ _c8\"></span>y otros dentro de Ot<span class=\"_ _0\"></span>ros Flujos de Efectivo de las Ac<span class=\"_ _0\"></span>tividades de Explotaci\u00f3n. <span class=\"_ _0\"></span>  <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Como arrendador  </span></span>En <span class=\"_ _c2\"></span>los <span class=\"_ _c5\"></span>arrenda<span class=\"_ _0\"></span>mientos <span class=\"_ _c2\"></span>operativos <span class=\"_ _c2\"></span>el <span class=\"_ _c2\"></span>Grupo <span class=\"_ _c2\"></span>reconoce <span class=\"_ _c2\"></span>los <span class=\"_ _c2\"></span>ingresos <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>for<span class=\"_ _0\"></span>ma <span class=\"_ _c5\"></span>lineal <span class=\"_ _c2\"></span>a <span class=\"_ _c2\"></span>lo <span class=\"_ _c2\"></span>largo <span class=\"_ _c2\"></span>del <span class=\"_ _c2\"></span>plazo <span class=\"_ _c2\"></span>del arrendamiento, salvo <span class=\"_ _c4\"></span>que <span class=\"_ _1\"></span>resulte m<span class=\"_ _1\"></span>\u00e1s <span class=\"_ _1\"></span>representativa <span class=\"_ _1\"></span>otra <span class=\"_ _1\"></span>base <span class=\"_ _1\"></span>sistem\u00e1tica <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>reparto <span class=\"_ _c4\"></span>por <span class=\"_ _1\"></span>reflejar <span class=\"_ _1\"></span>m\u00e1s <span class=\"_ _1\"></span>ade-<span class=\"_ _29d\"> </span>cuadamente el patr\u00f3n<span class=\"_ _0\"></span> por el que el benefici<span class=\"_ _0\"></span>o por el uso del activo va dismi<span class=\"_ _0\"></span>nuyendo.  g) <span class=\"_ _ca\"> </span>Activos y Pasivos fina<span class=\"_ _0\"></span>ncieros<span class=\"ff3 fc1\">  </span>Reconocimiento y med<span class=\"_ _0\"></span>ici\u00f3n inicial<span class=\"ff3\"> <span class=\"ffa fs6\"> </span></span>Los <span class=\"_ _1\"></span>instrume<span class=\"_ _0\"></span>nt<span class=\"_ _1\"></span>os financieros<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>clasifican<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>el momento de <span class=\"_ _1\"></span>su reconocimiento inicial como <span class=\"_ _1\"></span>un<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>activo finan-<span class=\"_ _29d\"> </span>ciero, <span class=\"_ _c0\"> </span>un <span class=\"_ _c0\"> </span>pasivo <span class=\"_ _c5\"></span>financiero <span class=\"_ _c0\"> </span>o <span class=\"_ _c0\"> </span>un <span class=\"_ _c0\"> </span>instrumento <span class=\"_ _c0\"> </span>de <span class=\"_ _c5\"> </span>patrimonio, <span class=\"_ _c0\"> </span>de <span class=\"_ _c0\"> </span>conformidad <span class=\"_ _c5\"> </span>con <span class=\"_ _c0\"> </span>el <span class=\"_ _c0\"> </span>fondo <span class=\"_ _c0\"> </span>econ\u00f3<span class=\"_ _0\"></span>mico <span class=\"_ _c0\"> </span>del acuerdo con<span class=\"_ _0\"></span>tractual y <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>definiciones <span class=\"_ _0\"></span>de acti<span class=\"_ _0\"></span>vo financiero, <span class=\"_ _0\"></span>pasivo <span class=\"_ _0\"></span>financiero <span class=\"_ _0\"></span>o inst<span class=\"_ _0\"></span>rumento de <span class=\"_ _0\"></span>patrimonio<span class=\"_ _0\"></span> desarrolladas en<span class=\"_ _0\"></span> la NIC 32 \u201cInstrumentos<span class=\"_ _0\"></span> f<span class=\"_ _1\"></span>inanci<span class=\"_ _0\"></span>eros: Presentaci\u00f3n\u201d.  Los instrumentos financieros se reconocen<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>cuando el Grupo se convierte en una parte obligada del contrato o negocio jur\u00eddico con<span class=\"_ _0\"></span>forme a las disposiciones d<span class=\"_ _0\"></span>el mismo.   Un <span class=\"_ _c4\"></span>activo <span class=\"_ _c4\"></span>financiero <span class=\"_ _c4\"></span>o <span class=\"_ _c4\"></span>un <span class=\"_ _c4\"></span>pasivo <span class=\"_ _c4\"></span>financiero <span class=\"_ _c4\"></span>se <span class=\"_ _c4\"></span>mide <span class=\"_ _c4\"></span>inicialme<span class=\"_ _0\"></span>nte <span class=\"_ _c8\"></span>al <span class=\"_ _c4\"></span>valor <span class=\"_ _c4\"></span>razonable <span class=\"_ _c4\"></span>m\u00e1s, <span class=\"_ _c4\"></span>en <span class=\"_ _c4\"></span>el <span class=\"_ _c4\"></span>caso <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>una partida <span class=\"_ _c5\"></span>no <span class=\"_ _c2\"></span>medida <span class=\"_ _c5\"></span>al <span class=\"_ _c5\"></span>valor <span class=\"_ _c2\"></span>r<span class=\"_ _1\"></span>azonable <span class=\"_ _c2\"></span>con <span class=\"_ _c5\"></span>cambio<span class=\"_ _0\"></span>s <span class=\"_ _c5\"></span>en <span class=\"_ _c5\"></span>resultados, <span class=\"_ _c5\"></span>los <span class=\"_ _c2\"></span>costes <span class=\"_ _c5\"></span>de <span class=\"_ _c2\"></span>tr<span class=\"_ _1\"></span>ansacci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _c5\"></span>directamente<span class=\"_ _29d\"> </span>atribuible <span class=\"_ _0\"></span>a su<span class=\"_ _0\"></span> adq<span class=\"_ _0\"></span>uisici\u00f3n <span class=\"_ _0\"></span>o emis<span class=\"_ _0\"></span>i\u00f3n. Un<span class=\"_ _0\"></span> deu<span class=\"_ _0\"></span>dor c<span class=\"_ _0\"></span>omercial si<span class=\"_ _0\"></span>n un<span class=\"_ _0\"></span> compo<span class=\"_ _0\"></span>nente de<span class=\"_ _0\"></span> fina<span class=\"_ _0\"></span>nciaci\u00f3n sig<span class=\"_ _0\"></span>nificativo se<span class=\"_ _0\"></span> mide inicialmen<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>e al precio<span class=\"_ _0\"></span> de la transacci\u00f3n.<span class=\"_ _29d\"> </span>Clasificaci\u00f3n y medici<span class=\"_ _0\"></span>\u00f3n posterior<span class=\"ff3\">  </span> <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Act<span class=\"_ _1\"></span>ivos financie<span class=\"_ _0\"></span>ros:  </span></span>En <span class=\"_ _1\"></span>el r<span class=\"_ _1\"></span>econoci<span class=\"_ _0\"></span>miento <span class=\"_ _1\"></span>inicial un <span class=\"_ _1\"></span>activo f<span class=\"_ _1\"></span>inanciero se <span class=\"_ _1\"></span>clasifica como m<span class=\"_ _1\"></span>edido a: <span class=\"_ _1\"></span>coste amortizado, <span class=\"_ _1\"></span>a valor <span class=\"_ _1\"></span>razo-<span class=\"_ _29d\"> </span>nable <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>cambios <span class=\"_ _0\"></span>en <span class=\"_ _bf\"></span>Otro <span class=\"_ _0\"></span>resultado <span class=\"_ _0\"></span>global <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>valo<span class=\"_ _0\"></span>r razonable<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>cambios <span class=\"_ _0\"></span>en <span class=\"_ _bf\"></span>r<span class=\"_ _1\"></span>esultados.<span class=\"_ _0\"></span> Esta<span class=\"_ _0\"></span> cla<span class=\"_ _0\"></span>sificaci\u00f3n se realizar\u00e1 atendiendo <span class=\"_ _0\"></span>al modelo de negocio y c<span class=\"_ _0\"></span>ondiciones contractuales<span class=\"_ _0\"></span> del activo.  Un <span class=\"_ _1\"></span>activo <span class=\"_ _1\"></span>financiero <span class=\"_ _c4\"></span>deber\u00e1 <span class=\"_ _1\"></span>medirse <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>coste <span class=\"_ _1\"></span>amortizado <span class=\"_ _1\"></span>si <span class=\"_ _c4\"></span>se <span class=\"_ _1\"></span>cumplen <span class=\"_ _1\"></span>las <span class=\"_ _c4\"></span>dos <span class=\"_ _1\"></span>condiciones <span class=\"_ _1\"></span>siguientes <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>no est\u00e1 medido a valor razo<span class=\"_ _0\"></span>nable con cambios en re<span class=\"_ _0\"></span>sultados:  o<span class=\"ff5\"> <span class=\"_ _d0\"> </span><span class=\"ff3 fc1\">El activo <span class=\"_ _0\"></span>financiero se<span class=\"_ _0\"></span> conserva<span class=\"_ _0\"></span> dentro d<span class=\"_ _0\"></span>e un mod<span class=\"_ _0\"></span>elo de n<span class=\"_ _0\"></span>egocio cuyo<span class=\"_ _0\"></span> obje<span class=\"_ _0\"></span>tivo es <span class=\"_ _0\"></span>mantener lo<span class=\"_ _0\"></span>s activos </span></span>financieros para obten<span class=\"_ _0\"></span>er flujos de efectivo contrac<span class=\"_ _0\"></span>tuales.   o<span class=\"ff5\"> <span class=\"_ _d0\"> </span><span class=\"ff3 fc1\">Las <span class=\"_ _0\"></span>condiciones <span class=\"_ _bf\"></span>contractuales <span class=\"_ _bf\"></span>del <span class=\"_ _0\"></span>activo <span class=\"_ _0\"></span>financie<span class=\"_ _0\"></span>ro <span class=\"_ _0\"></span>dan <span class=\"_ _0\"></span>lugar, <span class=\"_ _bf\"></span>en <span class=\"_ _0\"></span>fechas <span class=\"_ _bf\"></span>espec\u00edficas, <span class=\"_ _0\"></span>a <span class=\"_ _bf\"></span>flujos <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>efectivo </span></span>que son \u00fanicamente<span class=\"_ _0\"></span> pagos del principal e<span class=\"_ _0\"></span> intereses sobre el importe del p<span class=\"_ _0\"></span>rincipal pendiente.<span class=\"_ _29d\"> </span>Un <span class=\"_ _0\"></span>activo finan<span class=\"_ _0\"></span>ciero se <span class=\"_ _0\"></span>medir\u00e1 <span class=\"_ _0\"></span>al valo<span class=\"_ _0\"></span>r razonab<span class=\"_ _0\"></span>le c<span class=\"_ _0\"></span>on cambios <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>Otro re<span class=\"_ _0\"></span>sultado globa<span class=\"_ _0\"></span>l si <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>cumplen <span class=\"_ _0\"></span>las dos<span class=\"_ _0\"></span> condicione<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>siguien<span class=\"_ _0\"></span>tes y no est\u00e1 clasificado como<span class=\"_ _0\"></span> a valor razonable con c<span class=\"_ _0\"></span>ambios en resultados: <span class=\"_ _0\"></span> o<span class=\"ff5\"> <span class=\"_ _d0\"> </span><span class=\"ff3 fc1\">El <span class=\"_ _bf\"></span>activo <span class=\"_ _bf\"></span>financiero <span class=\"_ _bf\"></span>se <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>nserva <span class=\"_ _bf\"></span>dentro <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>un <span class=\"_ _bf\"></span>mod<span class=\"_ _0\"></span>elo <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>neg<span class=\"_ _0\"></span>ocio <span class=\"_ _bf\"></span>cuyo <span class=\"_ _0\"></span>ob<span class=\"_ _0\"></span>jetivo <span class=\"_ _bf\"></span>se <span class=\"_ _0\"></span>log<span class=\"_ _0\"></span>ra <span class=\"_ _bf\"></span>tant<span class=\"_ _1\"></span>o <span class=\"_ _bf\"></span>obteniend<span class=\"_ _0\"></span>o </span></span>los flujos de efectivo<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>con<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>ractuales como <span class=\"_ _0\"></span>vendiendo los activos <span class=\"_ _0\"></span>financieros.   o<span class=\"ff5\"> <span class=\"_ _d0\"> </span><span class=\"ff3 fc1\">Las <span class=\"_ _0\"></span>condiciones <span class=\"_ _bf\"></span>contractuales <span class=\"_ _bf\"></span>del <span class=\"_ _0\"></span>activo <span class=\"_ _0\"></span>financie<span class=\"_ _0\"></span>ro <span class=\"_ _0\"></span>dan <span class=\"_ _0\"></span>lugar, <span class=\"_ _bf\"></span>en <span class=\"_ _0\"></span>fechas <span class=\"_ _bf\"></span>espec\u00edficas, <span class=\"_ _0\"></span>a <span class=\"_ _bf\"></span>flujos <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>efectivo </span></span>que son \u00fanicamente<span class=\"_ _0\"></span> pagos del principal e<span class=\"_ _0\"></span> intereses sobre el importe del p<span class=\"_ _0\"></span>rincipal pendiente.<span class=\"_ _29d\"> </span>En el<span class=\"_ _0\"></span> reconocimiento<span class=\"_ _0\"></span> inicial <span class=\"_ _0\"></span>de una <span class=\"_ _0\"></span>inversi\u00f3n<span class=\"_ _0\"></span> en instru<span class=\"_ _0\"></span>ment<span class=\"_ _1\"></span>os<span class=\"_ _0\"></span> de p<span class=\"_ _0\"></span>atrimonio que<span class=\"_ _0\"></span> no e<span class=\"_ _0\"></span>s man<span class=\"_ _0\"></span>tenida para<span class=\"_ _0\"></span> nego-<span class=\"_ _29d\"> </span>ciaci\u00f3n, <span class=\"_ _c4\"></span>el <span class=\"_ _c4\"></span>G<span class=\"_ _1\"></span>rupo <span class=\"_ _c4\"></span>puede <span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ealizar <span class=\"_ _c4\"></span>una <span class=\"_ _c4\"></span>elecci\u00f3n <span class=\"_ _c8\"></span>irrevoca<span class=\"_ _0\"></span>ble <span class=\"_ _c8\"></span>en <span class=\"_ _c4\"></span>el <span class=\"_ _c8\"></span>momento <span class=\"_ _c4\"></span>del <span class=\"_ _c4\"></span>reconocimiento <span class=\"_ _c4\"></span>inicial <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>pre-<span class=\"_ _29d\"> </span>sentar <span class=\"_ _1\"></span>los <span class=\"_ _c4\"></span>cambios <span class=\"_ _c4\"></span>po<span class=\"_ _0\"></span>steriores <span class=\"_ _c4\"></span>en <span class=\"_ _1\"></span>el <span class=\"_ _c4\"></span>valor <span class=\"_ _1\"></span>razonable <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>O<span class=\"_ _1\"></span>tro <span class=\"_ _1\"></span>resultado <span class=\"_ _1\"></span>global. <span class=\"_ _c4\"></span>Esta <span class=\"_ _1\"></span>elecci\u00f3n <span class=\"_ _c4\"></span>se <span class=\"_ _1\"></span>hace <span class=\"_ _c4\"></span>indivi-<span class=\"_ _29d\"> </span>dualmente para cada<span class=\"_ _0\"></span> inversi\u00f3n.  Todos <span class=\"_ _c2\"></span>los <span class=\"_ _c2\"></span>activos <span class=\"_ _c2\"></span>f<span class=\"_ _1\"></span>inancie<span class=\"_ _0\"></span>ros <span class=\"_ _c5\"></span>no <span class=\"_ _c8\"></span>clasificados <span class=\"_ _c5\"></span>como <span class=\"_ _c8\"></span>m<span class=\"_ _1\"></span>edidos <span class=\"_ _c8\"></span>al <span class=\"_ _c5\"></span>coste <span class=\"_ _c2\"></span>amortizado <span class=\"_ _c8\"></span>o <span class=\"_ _c5\"></span>al <span class=\"_ _c2\"></span>valor <span class=\"_ _c2\"></span>r<span class=\"_ _1\"></span>azo<span class=\"_ _0\"></span>nable <span class=\"_ _c2\"></span>con cambios <span class=\"_ _c8\"></span>en <span class=\"_ _c8\"></span>Otro <span class=\"_ _c8\"></span>r<span class=\"_ _1\"></span>esultado <span class=\"_ _c8\"></span>global <span class=\"_ _c8\"></span>como <span class=\"_ _c8\"></span>se <span class=\"_ _c8\"></span>ha <span class=\"_ _c2\"></span>descrito <span class=\"_ _c8\"></span>ant<span class=\"_ _1\"></span>eri<span class=\"_ _0\"></span>orm<span class=\"_ _1\"></span>ente, <span class=\"_ _c4\"></span>son <span class=\"_ _c2\"></span>medidos <span class=\"_ _c8\"></span>al <span class=\"_ _c2\"></span>valor <span class=\"_ _c8\"></span>razonable <span class=\"_ _c8\"></span>con cambios en resultad<span class=\"_ _0\"></span>os.  Los <span class=\"_ _0\"></span>activos <span class=\"_ _0\"></span>financieros <span class=\"_ _0\"></span>no <span class=\"_ _0\"></span>se reclasific<span class=\"_ _0\"></span>ar\u00e1n <span class=\"_ _0\"></span>despu\u00e9s <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>su recon<span class=\"_ _0\"></span>ocimiento <span class=\"_ _0\"></span>ini<span class=\"_ _0\"></span>cial, excepto <span class=\"_ _0\"></span>si e<span class=\"_ _0\"></span>l G<span class=\"_ _0\"></span>rupo ca<span class=\"_ _0\"></span>mbia su modelo de negocio<span class=\"_ _0\"></span> de gesti\u00f3n de los activo<span class=\"_ _0\"></span>s financieros.  El <span class=\"_ _1\"></span>Grupo <span class=\"_ _c4\"></span>clasifica <span class=\"_ _1\"></span>sus <span class=\"_ _1\"></span>activos <span class=\"_ _1\"></span>financieros, <span class=\"_ _1\"></span>excluid<span class=\"_ _0\"></span>as <span class=\"_ _1\"></span>las <span class=\"_ _c4\"></span>inversiones <span class=\"_ _1\"></span>contabil<span class=\"_ _0\"></span>izadas <span class=\"_ _1\"></span>por <span class=\"_ _c4\"></span>el <span class=\"_ _1\"></span>m\u00e9t<span class=\"_ _1\"></span>odo de <span class=\"_ _c4\"></span>partici-<span class=\"_ _29d\"> </span>paci\u00f3n, en las siguie<span class=\"_ _0\"></span>ntes categor\u00edas:  o<span class=\"ff5\"> <span class=\"_ _d0\"> </span><span class=\"ff3 fc1\">Coste <span class=\"_ _c2\"></span>amortizado: <span class=\"_ _c2\"></span>Los <span class=\"_ _c5\"></span>a<span class=\"_ _0\"></span>ctivos <span class=\"_ _c2\"></span>f<span class=\"_ _1\"></span>inancie<span class=\"_ _0\"></span>ros <span class=\"_ _c5\"></span>clasific<span class=\"_ _0\"></span>ados <span class=\"_ _c2\"></span>en <span class=\"_ _c5\"></span>esta <span class=\"_ _c8\"></span>categor\u00eda <span class=\"_ _c2\"></span>se <span class=\"_ _c2\"></span>miden <span class=\"_ _c2\"></span>posteriormente <span class=\"_ _c2\"></span>a </span></span>coste <span class=\"_ _0\"></span>amortizado <span class=\"_ _bf\"></span>usando e<span class=\"_ _0\"></span>l m\u00e9<span class=\"_ _0\"></span>todo <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>inter\u00e9s <span class=\"_ _0\"></span>efe<span class=\"_ _0\"></span>ctivo. <span class=\"_ _0\"></span>El co<span class=\"_ _0\"></span>ste <span class=\"_ _0\"></span>amortizad<span class=\"_ _0\"></span>o se <span class=\"_ _bf\"></span>r<span class=\"_ _1\"></span>educe <span class=\"_ _0\"></span>por <span class=\"_ _bf\"></span>las p\u00e9<span class=\"_ _0\"></span>rdidas por <span class=\"_ _1\"></span>deterioro. Los <span class=\"_ _1\"></span>ingresos por <span class=\"_ _1\"></span>intereses, <span class=\"_ _1\"></span>las ganancias y <span class=\"_ _c4\"></span>p\u00e9rdidas por <span class=\"_ _1\"></span>conversi\u00f3n de moneda <span class=\"_ _1\"></span>extran-<span class=\"_ _29d\"> </span>jera y <span class=\"_ _1\"></span>el deterioro <span class=\"_ _1\"></span>se reconocen en resultados. Cualquier ganancia o p\u00e9r<span class=\"_ _1\"></span>dida<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>que surja <span class=\"_ _1\"></span>cuando se den de baja se reconoce<span class=\"_ _0\"></span> directamente en la Cuen<span class=\"_ _0\"></span>ta de resultados consolidad<span class=\"_ _0\"></span>a.  o<span class=\"ff5\"> <span class=\"_ _d0\"> </span><span class=\"ff3 fc1\">Valor <span class=\"_ _1\"></span>razonable <span class=\"_ _1\"></span>con <span class=\"_ _c4\"></span>cambios <span class=\"_ _1\"></span>en Otro <span class=\"_ _c4\"></span>resultado global: <span class=\"_ _c4\"></span>Estos <span class=\"_ _1\"></span>activos <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>miden <span class=\"_ _c4\"></span>posteriormente <span class=\"_ _1\"></span>a valor </span></span>razonable. L<span class=\"_ _0\"></span>a gan<span class=\"_ _0\"></span>ancia <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>p\u00e9rdida ne<span class=\"_ _0\"></span>ta resultan<span class=\"_ _0\"></span>te se<span class=\"_ _0\"></span> reconoce<span class=\"_ _0\"></span> en<span class=\"_ _0\"></span> Otro <span class=\"_ _0\"></span>resultado <span class=\"_ _0\"></span>global. <span class=\"_ _0\"></span>En <span class=\"_ _0\"></span>el mome<span class=\"_ _0\"></span>nto de <span class=\"_ _0\"></span>la baja <span class=\"_ _0\"></span>en cu<span class=\"_ _0\"></span>entas, la<span class=\"_ _0\"></span>s gan<span class=\"_ _0\"></span>ancias y<span class=\"_ _0\"></span> p\u00e9rdidas<span class=\"_ _0\"></span> acu<span class=\"_ _0\"></span>muladas en <span class=\"_ _0\"></span>Otro <span class=\"_ _0\"></span>resultad<span class=\"_ _0\"></span>o global <span class=\"_ _0\"></span>no <span class=\"_ _0\"></span>se recla<span class=\"_ _0\"></span>sifican a <span class=\"_ _0\"></span>resultados. <span class=\"_ _0\"></span>En <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>caso <span class=\"_ _bf\"></span>de los <span class=\"_ _0\"></span>inst<span class=\"_ _0\"></span>rumentos <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>patrimonio<span class=\"_ _0\"></span> clasifica<span class=\"_ _0\"></span>dos <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>este <span class=\"_ _0\"></span>apartado, <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>gan<span class=\"_ _0\"></span>ancias o <span class=\"_ _1\"></span>p\u00e9rdidas <span class=\"_ _1\"></span>resultantes <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>variaciones <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>valor <span class=\"_ _1\"></span>razonable <span class=\"_ _1\"></span>a <span class=\"_ _c4\"></span>la f<span class=\"_ _1\"></span>echa de <span class=\"_ _1\"></span>cierr<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>reconocen <span class=\"_ _1\"></span>directa-<span class=\"_ _29d\"> </span>mente en Otro resultado <span class=\"_ _0\"></span>global y nunca se recla<span class=\"_ _0\"></span>sifican en resultados.<span class=\"_ _0\"></span>  Los <span class=\"_ _0\"></span>dividendos <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>las<span class=\"_ _0\"></span> pa<span class=\"_ _0\"></span>rticipaciones <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>capital <span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>asificadas <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>valor <span class=\"_ _0\"></span>razona<span class=\"_ _0\"></span>ble con<span class=\"_ _0\"></span> ca<span class=\"_ _0\"></span>mbios <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>Otro <span class=\"_ _0\"></span>resultado global <span class=\"_ _bf\"></span>se impu<span class=\"_ _0\"></span>tan <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>Cuenta <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>resultados <span class=\"_ _bf\"></span>consolidada <span class=\"_ _bf\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>momento <span class=\"_ _bf\"></span>en <span class=\"_ _0\"></span>que <span class=\"_ _bf\"></span>queda e<span class=\"_ _0\"></span>stablecido <span class=\"_ _bf\"></span>el <span class=\"_ _0\"></span>derecho<span class=\"_ _0\"></span> de la Sociedad a recib<span class=\"_ _0\"></span>ir su importe.  o<span class=\"ff5\"> <span class=\"_ _d0\"> </span><span class=\"ff3 fc1\">Valor <span class=\"_ _1\"></span>razonable<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>con cambios <span class=\"_ _1\"></span>en r<span class=\"_ _1\"></span>esul<span class=\"_ _0\"></span>tados: <span class=\"_ _1\"></span>Estos activos se m<span class=\"_ _1\"></span>iden posteriormente a valor <span class=\"_ _1\"></span>razonable<span class=\"_ _0\"></span>. </span></span>Las <span class=\"_ _0\"></span>ganancias <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>p\u00e9rd<span class=\"_ _0\"></span>idas <span class=\"_ _0\"></span>netas, <span class=\"_ _0\"></span>incluye<span class=\"_ _0\"></span>ndo cualq<span class=\"_ _0\"></span>uier <span class=\"_ _0\"></span>ingreso <span class=\"_ _0\"></span>por <span class=\"_ _bf\"></span>int<span class=\"_ _1\"></span>erese<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>o d<span class=\"_ _0\"></span>ividendos, <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>recon<span class=\"_ _0\"></span>ocen en resultados.<span class=\"_ _29d\"> </span> <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Pasivos financieros:  </span></span>Los <span class=\"_ _c4\"></span>pasivos <span class=\"_ _c4\"></span>financieros, <span class=\"_ _1\"></span>en <span class=\"_ _c8\"></span>los <span class=\"_ _c4\"></span>cuales <span class=\"_ _c4\"></span>se <span class=\"_ _c4\"></span>incluyen <span class=\"_ _c4\"></span>los <span class=\"_ _c4\"></span>pr\u00e9stamos, <span class=\"_ _c4\"></span>obligacio<span class=\"_ _0\"></span>nes <span class=\"_ _c4\"></span>y <span class=\"_ _c8\"></span>similares, <span class=\"_ _1\"></span>se <span class=\"_ _c8\"></span>registran <span class=\"_ _c4\"></span>ini-<span class=\"_ _29d\"> </span>cialmente por su <span class=\"_ _0\"></span>valor razonable menos<span class=\"_ _0\"></span> los costes de t<span class=\"_ _0\"></span>ransacci\u00f3n en los q<span class=\"_ _0\"></span>ue se haya incurrido<span class=\"_ _0\"></span>. En per\u00edodos posteriores, <span class=\"_ _bf\"></span>estas <span class=\"_ _0\"></span>obligaciones <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>financiaci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>valoran <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>coste<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>amortiz<span class=\"_ _0\"></span>ado, u<span class=\"_ _0\"></span>tilizando <span class=\"_ _0\"></span>el <span class=\"_ _bf\"></span>m\u00e9todo <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>tipo<span class=\"_ _0\"></span> de <span class=\"_ _c2\"></span>int<span class=\"_ _1\"></span>er\u00e9s <span class=\"_ _c5\"></span>efectivo<span class=\"_ _0\"></span>, <span class=\"_ _c5\"> </span>salvo <span class=\"_ _c2\"></span>par<span class=\"_ _1\"></span>a <span class=\"_ _c5\"></span>aquellas <span class=\"_ _c2\"></span>operaciones <span class=\"_ _c2\"></span>para <span class=\"_ _c5\"></span>las <span class=\"_ _c5\"></span>que <span class=\"_ _c2\"></span>se <span class=\"_ _c5\"> </span>han <span class=\"_ _c2\"></span>suscr<span class=\"_ _1\"></span>ito <span class=\"_ _c2\"></span>contratos <span class=\"_ _c5\"></span>de <span class=\"_ _c5\"></span>cobertura<span class=\"_ _0\"></span> (v\u00e9ase apartado o).  <span class=\"_ _0\"></span> Las <span class=\"_ _0\"></span>deudas<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>financieras <span class=\"_ _bf\"></span>se <span class=\"_ _0\"></span>clasifican <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>mo <span class=\"_ _0\"></span>pasivos <span class=\"_ _bf\"></span>corrientes, <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nos <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>su <span class=\"_ _bf\"></span>vencimiento <span class=\"_ _0\"></span>tenga<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>lugar <span class=\"_ _0\"></span>a <span class=\"_ _bf\"></span>m\u00e1s de doce mese<span class=\"_ _0\"></span>s desde la <span class=\"_ _0\"></span>fecha del Estado de <span class=\"_ _0\"></span>situaci\u00f3n <span class=\"_ _0\"></span>financiera consolida<span class=\"_ _0\"></span>do, en cuyo caso<span class=\"_ _0\"></span> se recon<span class=\"_ _0\"></span>ocer\u00e1n como no corrientes<span class=\"_ _0\"></span>.  Baja en cuentas<span class=\"ff3\"> <span class=\"_ _0\"></span> </span> <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Act<span class=\"_ _1\"></span>ivos financie<span class=\"_ _0\"></span>ros:  </span></span>El <span class=\"_ _c8\"></span>Gr<span class=\"_ _1\"></span>upo <span class=\"_ _c8\"></span>da <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>baja <span class=\"_ _c2\"></span>en <span class=\"_ _c8\"></span>cuentas <span class=\"_ _c8\"></span>un <span class=\"_ _c8\"></span>activo <span class=\"_ _c8\"></span>f<span class=\"_ _1\"></span>inanc<span class=\"_ _0\"></span>iero <span class=\"_ _c2\"></span>cuando <span class=\"_ _c8\"></span>expiran <span class=\"_ _c8\"></span>los <span class=\"_ _c4\"></span>der<span class=\"_ _1\"></span>echos <span class=\"_ _c8\"></span>contractuales <span class=\"_ _c4\"></span>sobre <span class=\"_ _c2\"></span>los flujos <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>efectivo <span class=\"_ _c4\"></span>del <span class=\"_ _c4\"></span>activo <span class=\"_ _c4\"></span>financiero, <span class=\"_ _c4\"></span>o <span class=\"_ _c4\"></span>cuando <span class=\"_ _c4\"></span>transfiere <span class=\"_ _c4\"></span>los <span class=\"_ _c4\"></span>derechos <span class=\"_ _c4\"></span>a <span class=\"_ _c4\"></span>recibir <span class=\"_ _c4\"></span>los <span class=\"_ _c4\"></span>flujos <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>efectivo <span class=\"_ _c4\"></span>con-<span class=\"_ _29d\"> </span>tractuales <span class=\"_ _c4\"></span>en <span class=\"_ _c4\"></span>una <span class=\"_ _1\"></span>transacci\u00f3n <span class=\"_ _c4\"></span>en <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>que <span class=\"_ _c4\"></span>se <span class=\"_ _c4\"></span>transfieren <span class=\"_ _1\"></span>sustancialmente <span class=\"_ _1\"></span>todos <span class=\"_ _c4\"></span>los <span class=\"_ _c4\"></span>riesgos <span class=\"_ _c4\"></span>y <span class=\"_ _c4\"></span>beneficio<span class=\"_ _0\"></span>s <span class=\"_ _c8\"></span>de <span class=\"_ _c4\"></span>la propiedad del activo financiero o <span class=\"_ _1\"></span>no transfiere ni retiene sustancialmente todos los <span class=\"_ _1\"></span>riesgos y beneficios rela-<span class=\"_ _29d\"> </span>cionados con la propie<span class=\"_ _0\"></span>dad y no retiene con<span class=\"_ _0\"></span>trol sobre los activos<span class=\"_ _0\"></span> transferidos.<span class=\"_ _29d\"> </span> <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Pasivos financieros:  </span></span>El G<span class=\"_ _1\"></span>rupo da <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>baja <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>cuentas un <span class=\"_ _1\"></span>pasivo <span class=\"_ _1\"></span>financie<span class=\"_ _0\"></span>ro <span class=\"_ _1\"></span>cuando <span class=\"_ _1\"></span>sus <span class=\"_ _1\"></span>obligaciones contractuales son <span class=\"_ _1\"></span>pagadas <span class=\"_ _1\"></span>o canceladas, o bien<span class=\"_ _0\"></span> hayan expirado. El<span class=\"_ _0\"></span> Grupo tambi<span class=\"_ _0\"></span>\u00e9n da de baja en cuent<span class=\"_ _0\"></span>as un pasivo financiero<span class=\"_ _0\"></span> cuando se modifican <span class=\"_ _c8\"></span>sus <span class=\"_ _c8\"></span>condiciones <span class=\"_ _c8\"></span>y <span class=\"_ _c8\"></span>los <span class=\"_ _c2\"></span>flujos <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>efectivo <span class=\"_ _c8\"></span>del <span class=\"_ _c2\"></span>pasivo <span class=\"_ _c8\"></span>modificado <span class=\"_ _c8\"></span>son <span class=\"_ _c8\"></span>sustancialmente <span class=\"_ _c8\"></span>distintos.<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>En este <span class=\"_ _c4\"></span>caso, <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>reconoce <span class=\"_ _1\"></span>un <span class=\"_ _c4\"></span>nuevo <span class=\"_ _c4\"></span>pasivo <span class=\"_ _1\"></span>financiero <span class=\"_ _1\"></span>con <span class=\"_ _c4\"></span>base <span class=\"_ _1\"></span>en <span class=\"_ _c4\"></span>las <span class=\"_ _1\"></span>condicione<span class=\"_ _0\"></span>s <span class=\"_ _c4\"></span>nuevas <span class=\"_ _1\"></span>al <span class=\"_ _c4\"></span>valor <span class=\"_ _c4\"></span>razonable<span class=\"_ _0\"></span>. En <span class=\"_ _c2\"></span>el <span class=\"_ _c2\"></span>momento <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>la <span class=\"_ _c2\"></span>baja <span class=\"_ _c2\"></span>en <span class=\"_ _c5\"></span>cuen<span class=\"_ _0\"></span>tas <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>un <span class=\"_ _c5\"></span>pasivo<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>financiero<span class=\"_ _0\"></span>, <span class=\"_ _c5\"></span>la <span class=\"_ _c2\"></span>diferenci<span class=\"_ _0\"></span>a <span class=\"_ _c2\"></span>entre <span class=\"_ _c5\"></span>el <span class=\"_ _c2\"></span>importe <span class=\"_ _c2\"></span>en <span class=\"_ _c2\"></span>libros <span class=\"_ _c2\"></span>del pasivo financiero extin<span class=\"_ _0\"></span>to y la contraprestaci\u00f3n pag<span class=\"_ _0\"></span>ada (incluidos los activos transferi<span class=\"_ _0\"></span>dos que no son en efec-<span class=\"_ _29d\"> </span>tivo o los pasivos asu<span class=\"_ _0\"></span>midos) se reconoce en<span class=\"_ _0\"></span> resultados.<span class=\"_ _29d\"> </span>h) <span class=\"_ _ca\"> </span>Existencias <span class=\"ff3 fc1\">  </span>Las <span class=\"_ _1\"></span>existencias <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>materiales <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>repuestos <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>valorar\u00e1n <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>su <span class=\"_ _c4\"></span>coste <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>adquisici<span class=\"_ _0\"></span>\u00f3n, <span class=\"_ _1\"></span>determinado <span class=\"_ _1\"></span>mediante <span class=\"_ _1\"></span>el m\u00e9todo del precio medio<span class=\"_ _0\"></span> ponderado o valor ne<span class=\"_ _0\"></span>to realizable, si \u00e9ste fuese<span class=\"_ _0\"></span> menor.   El coste <span class=\"_ _1\"></span>de adquisici\u00f3n comprende <span class=\"_ _1\"></span>el valor de <span class=\"_ _1\"></span>compra<span class=\"_ _0\"></span>, <span class=\"_ _1\"></span>los ar<span class=\"_ _1\"></span>anceles de importaci\u00f3n y <span class=\"_ _1\"></span>otros impuestos (que<span class=\"_ _0\"></span> no <span class=\"_ _0\"></span>sean <span class=\"_ _0\"></span>recuperables), <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>transportes,<span class=\"_ _0\"></span> el <span class=\"_ _0\"></span>almace<span class=\"_ _0\"></span>namiento y<span class=\"_ _0\"></span> otros<span class=\"_ _0\"></span> cos<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>es <span class=\"_ _0\"></span>directame<span class=\"_ _0\"></span>nte a<span class=\"_ _0\"></span>tribuibles <span class=\"_ _0\"></span>a la<span class=\"_ _0\"></span> adqui-<span class=\"_ _29d\"> </span>sici\u00f3n de<span class=\"_ _0\"></span> los <span class=\"_ _0\"></span>materiales o<span class=\"_ _0\"></span> los serv<span class=\"_ _0\"></span>icios. Los<span class=\"_ _0\"></span> descuentos <span class=\"_ _0\"></span>comerciales, <span class=\"_ _0\"></span>las re<span class=\"_ _0\"></span>bajas y ot<span class=\"_ _0\"></span>ras partidas<span class=\"_ _0\"></span> simila<span class=\"_ _0\"></span>res se<span class=\"_ _0\"></span> deducir\u00e1n para dete<span class=\"_ _0\"></span>rminar el coste de adquisici\u00f3<span class=\"_ _0\"></span>n.  En <span class=\"_ _c4\"></span>caso <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>que <span class=\"_ _1\"></span>para <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>adquisici\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _c8\"></span>estas <span class=\"_ _c4\"></span>existencias <span class=\"_ _c4\"></span>se <span class=\"_ _c4\"></span>haya <span class=\"_ _c4\"></span>acudido <span class=\"_ _c4\"></span>a <span class=\"_ _c4\"></span>financiaci\u00f3n, <span class=\"_ _c4\"></span>el <span class=\"_ _c4\"></span>gasto <span class=\"_ _c4\"></span>incurrido podr\u00e1 <span class=\"_ _c2\"></span>reconocerse <span class=\"_ _c8\"></span>como <span class=\"_ _c8\"></span>m<span class=\"_ _1\"></span>ayor <span class=\"_ _c8\"></span>coste <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>las <span class=\"_ _c2\"></span>existencias <span class=\"_ _c8\"></span>hasta <span class=\"_ _c2\"></span>el <span class=\"_ _c2\"></span>momento <span class=\"_ _c2\"></span>en <span class=\"_ _c2\"></span>el <span class=\"_ _c2\"></span>que <span class=\"_ _c2\"></span>estos <span class=\"_ _c8\"></span>activos <span class=\"_ _c2\"></span>est\u00e9n sustancialmente prep<span class=\"_ _0\"></span>arados para su utiliza<span class=\"_ _0\"></span>ci\u00f3n o venta si procediese. <span class=\"_ _0\"></span> Al <span class=\"_ _bf\"></span>final <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>cada <span class=\"_ _bf\"></span>ejercicio <span class=\"_ _bf\"></span>se <span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>lizar\u00e1 <span class=\"_ _0\"></span>una <span class=\"_ _bf\"></span>evaluaci<span class=\"_ _0\"></span>\u00f3n <span class=\"_ _0\"></span>del <span class=\"_ _bf\"></span>valor <span class=\"_ _bf\"></span>neto <span class=\"_ _bf\"></span>r<span class=\"_ _1\"></span>ealizab<span class=\"_ _0\"></span>le <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _bf\"></span>existencias, <span class=\"_ _bf\"></span>registr\u00e1ndose<span class=\"_ _0\"></span> correcciones de valor como <span class=\"_ _1\"></span>un gasto en <span class=\"_ _1\"></span>la Cuenta de resultados consolidada, cuando <span class=\"_ _1\"></span>su coste excede a <span class=\"_ _1\"></span>su valor <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>mercado <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>cuan<span class=\"_ _0\"></span>do <span class=\"_ _0\"></span>existan d<span class=\"_ _0\"></span>udas <span class=\"_ _0\"></span>sobre <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>utilizaci\u00f3<span class=\"_ _0\"></span>n. En<span class=\"_ _0\"></span> cas<span class=\"_ _0\"></span>o d<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>circunstancias <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>cause<span class=\"_ _0\"></span>n esta <span class=\"_ _c4\"></span>disminuci\u00f3n <span class=\"_ _c4\"></span>dejen <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>existir<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>o <span class=\"_ _c4\"></span>cuando <span class=\"_ _c4\"></span>exista <span class=\"_ _c8\"></span>clara <span class=\"_ _c4\"></span>evidencia <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>incremento <span class=\"_ _c4\"></span>en <span class=\"_ _c4\"></span>el <span class=\"_ _c8\"></span>valor <span class=\"_ _c4\"></span>neto <span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ealizable<span class=\"_ _0\"></span> debido <span class=\"_ _c4\"></span>a <span class=\"_ _c2\"></span>un <span class=\"_ _c8\"></span>cambio <span class=\"_ _c8\"></span>en <span class=\"_ _c8\"></span>las <span class=\"_ _c2\"></span>circunstancias <span class=\"_ _c4\"></span>econ\u00f3micas, <span class=\"_ _c8\"></span>se <span class=\"_ _c8\"></span>proceder\u00e1 <span class=\"_ _c4\"></span>a <span class=\"_ _c2\"></span>revertir <span class=\"_ _c8\"></span>el <span class=\"_ _c2\"></span>importe <span class=\"_ _c4\"></span>de <span class=\"_ _c2\"></span>la <span class=\"_ _c4\"></span>m<span class=\"_ _1\"></span>isma <span class=\"_ _c8\"></span>y <span class=\"_ _c8\"></span>a reconocer como ingre<span class=\"_ _0\"></span>so en la Cuenta de resultad<span class=\"_ _0\"></span>os consolidada es<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>a recup<span class=\"_ _0\"></span>eraci\u00f3n. i) <span class=\"_ _cd\"> </span>Deterioro de<span class=\"_ _0\"></span>l valor de los activos<span class=\"ff3 fc1\">  </span> <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Act<span class=\"_ _1\"></span>ivos financie<span class=\"_ _0\"></span>ros  </span></span>Para <span class=\"_ _c8\"></span>el <span class=\"_ _c8\"></span>c\u00e1lculo <span class=\"_ _c8\"></span>del <span class=\"_ _c8\"></span>deterioro <span class=\"_ _c4\"></span>se <span class=\"_ _c2\"></span>aplica <span class=\"_ _c4\"></span>el <span class=\"_ _c8\"></span>enfoque <span class=\"_ _c8\"></span>general <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>c\u00e1lculo <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>la <span class=\"_ _c8\"></span>p\u00e9rdida <span class=\"_ _c8\"></span>esperada <span class=\"_ _c4\"></span>a <span class=\"_ _c2\"></span>sus <span class=\"_ _c4\"></span>act<span class=\"_ _1\"></span>ivos financieros <span class=\"_ _c8\"></span>distintos <span class=\"_ _c4\"></span>a <span class=\"_ _c2\"></span>las <span class=\"_ _c4\"></span>cuentas <span class=\"_ _c8\"></span>por <span class=\"_ _c8\"></span>cobrar <span class=\"_ _c8\"></span>comerciales <span class=\"_ _c8\"></span>para <span class=\"_ _c8\"></span>las <span class=\"_ _c8\"></span>que <span class=\"_ _c8\"></span>se <span class=\"_ _c8\"></span>aplicar\u00e1 <span class=\"_ _c8\"></span>el <span class=\"_ _c8\"></span>enfoque <span class=\"_ _c8\"></span>simplificado que <span class=\"_ _c4\"></span>est<span class=\"_ _1\"></span>ablece <span class=\"_ _c4\"></span>la <span class=\"_ _c8\"></span>NIIF <span class=\"_ _c8\"></span>9, <span class=\"_ _c4\"></span>el <span class=\"_ _c8\"></span>cual <span class=\"_ _c4\"></span>mide <span class=\"_ _c8\"></span>la <span class=\"_ _c4\"></span>cor<span class=\"_ _1\"></span>recci\u00f3n <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>valor <span class=\"_ _c8\"></span>por <span class=\"_ _c8\"></span>p\u00e9rdidas <span class=\"_ _c4\"></span>a <span class=\"_ _c8\"></span>un <span class=\"_ _c8\"></span>importe <span class=\"_ _c8\"></span>igual <span class=\"_ _c4\"></span>a <span class=\"_ _c8\"></span>las <span class=\"_ _c8\"></span>p\u00e9rdidas<span class=\"_ _0\"></span> crediticias esperadas du<span class=\"_ _0\"></span>rante todo el tiempo de<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>vi<span class=\"_ _0\"></span>da del activo.  Para determinar si un<span class=\"_ _0\"></span> activo financiero ha experimentado<span class=\"_ _0\"></span> un empeoramien<span class=\"_ _0\"></span>to s<span class=\"_ _1\"></span>ignificativo e<span class=\"_ _0\"></span>n su riesgo credi-<span class=\"_ _29d\"> </span>ticio <span class=\"_ _0\"></span>desde <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>recono<span class=\"_ _0\"></span>cimiento <span class=\"_ _0\"></span>inicial, <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ra <span class=\"_ _0\"></span>estimar <span class=\"_ _0\"></span>las<span class=\"_ _0\"></span> p\u00e9<span class=\"_ _0\"></span>rdidas <span class=\"_ _0\"></span>crediticias <span class=\"_ _0\"></span>espe<span class=\"_ _0\"></span>radas <span class=\"_ _0\"></span>durante <span class=\"_ _0\"></span>todo <span class=\"_ _0\"></span>el <span class=\"_ _bf\"></span>t<span class=\"_ _1\"></span>iempo de <span class=\"_ _1\"></span>vida <span class=\"_ _c4\"></span>del <span class=\"_ _1\"></span>activo, <span class=\"_ _1\"></span>el <span class=\"_ _c4\"></span>Grupo <span class=\"_ _1\"></span>considera <span class=\"_ _1\"></span>toda <span class=\"_ _1\"></span>la <span class=\"_ _c4\"></span>informaci\u00f3n <span class=\"_ _1\"></span>razonable <span class=\"_ _1\"></span>y <span class=\"_ _c4\"></span>sustentable<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>que <span class=\"_ _1\"></span>sea <span class=\"_ _c4\"></span>relevante <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>que<span class=\"_ _29d\"> </span>est\u00e9 <span class=\"_ _0\"></span>disponible <span class=\"_ _0\"></span>sin <span class=\"_ _0\"></span>esfuerzo <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>coste <span class=\"_ _0\"></span>desp<span class=\"_ _0\"></span>roporcionado. <span class=\"_ _0\"></span>Esto in<span class=\"_ _0\"></span>cluye <span class=\"_ _0\"></span>tanto <span class=\"_ _0\"></span>informaci\u00f3n <span class=\"_ _0\"></span>cuanti<span class=\"_ _0\"></span>tat<span class=\"_ _1\"></span>iva <span class=\"_ _0\"></span>como <span class=\"_ _0\"></span>cua-<span class=\"_ _29d\"> </span>litativa, ba<span class=\"_ _0\"></span>sada en<span class=\"_ _0\"></span> la <span class=\"_ _0\"></span>experien<span class=\"_ _0\"></span>cia del <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>o de<span class=\"_ _0\"></span> o<span class=\"_ _0\"></span>tras entidades<span class=\"_ _0\"></span> sob<span class=\"_ _0\"></span>re p\u00e9<span class=\"_ _0\"></span>rdidas <span class=\"_ _0\"></span>crediticias h<span class=\"_ _0\"></span>ist\u00f3ricas, e<span class=\"_ _0\"></span> infor-<span class=\"_ _29d\"> </span>maci\u00f3n de <span class=\"_ _1\"></span>mercado observable <span class=\"_ _1\"></span>sobre<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>el r<span class=\"_ _1\"></span>iesgo crediticio del <span class=\"_ _1\"></span>instrumento financiero <span class=\"_ _1\"></span>concre<span class=\"_ _0\"></span>to <span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>instrumentos<span class=\"_ _0\"></span> financieros <span class=\"_ _c4\"></span>similares. <span class=\"_ _c4\"></span>El <span class=\"_ _c8\"></span>Grupo <span class=\"_ _c4\"></span>asume <span class=\"_ _c8\"></span>que <span class=\"_ _c4\"></span>el <span class=\"_ _c4\"></span>r<span class=\"_ _1\"></span>iesgo <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>cr\u00e9dito <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>un <span class=\"_ _c4\"></span>activo <span class=\"_ _c4\"></span>financiero <span class=\"_ _c8\"></span>se <span class=\"_ _c4\"></span>ha <span class=\"_ _c8\"></span>incrementado significativamente <span class=\"_ _bf\"></span>si<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>mora <span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>superior <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>30 <span class=\"_ _0\"></span>d\u00edas. <span class=\"_ _0\"></span>Asimismo, <span class=\"_ _0\"></span>adopta <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>presun<span class=\"_ _0\"></span>ci\u00f3n de <span class=\"_ _0\"></span>impag<span class=\"_ _0\"></span>o para<span class=\"_ _0\"></span> u<span class=\"_ _0\"></span>n activo<span class=\"_ _0\"></span> financiero <span class=\"_ _1\"></span>que se <span class=\"_ _1\"></span>encuentre <span class=\"_ _1\"></span>en mora <span class=\"_ _1\"></span>superior a <span class=\"_ _1\"></span>90 <span class=\"_ _1\"></span>d\u00edas, salvo <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>se tenga <span class=\"_ _1\"></span>informaci\u00f3n razonable y <span class=\"_ _1\"></span>funda-<span class=\"_ _29d\"> </span>mentada que demues<span class=\"_ _0\"></span>tre la recuperabilidad<span class=\"_ _0\"></span> del cr\u00e9dito.  El Grupo considera que un instrumento de deuda tiene riesgo bajo<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>cuando su calificaci\u00f3n creditici<span class=\"_ _0\"></span>a, <span class=\"_ _1\"></span>es de al menos \u201cgrado <span class=\"_ _1\"></span>de inversi\u00f3n\u201d en alguna <span class=\"_ _1\"></span>de las agencias de <span class=\"_ _1\"></span>rating <span class=\"_ _1\"></span>de reconocid<span class=\"_ _0\"></span>o p<span class=\"_ _1\"></span>restigio. El <span class=\"_ _1\"></span>periodo m\u00e1ximo<span class=\"_ _0\"></span> a <span class=\"_ _1\"></span>lo largo <span class=\"_ _1\"></span>del cual <span class=\"_ _1\"></span>se estiman <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>p\u00e9rdidas<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>crediticias esperadas <span class=\"_ _1\"></span>es el m<span class=\"_ _1\"></span>\u00e1ximo periodo <span class=\"_ _1\"></span>contra<span class=\"_ _0\"></span>ctual <span class=\"_ _1\"></span>al que <span class=\"_ _1\"></span>se est\u00e1 expuesto.  La <span class=\"_ _1\"></span>NI<span class=\"_ _1\"></span>IF <span class=\"_ _c4\"></span>9 <span class=\"_ _1\"></span>define <span class=\"_ _c4\"></span>el <span class=\"_ _1\"></span>enfoque <span class=\"_ _c4\"></span>general <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>p\u00e9rdida <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>cr\u00e9dito <span class=\"_ _c4\"></span>esperada <span class=\"_ _1\"></span>como <span class=\"_ _c4\"></span>el <span class=\"_ _1\"></span>promedio <span class=\"_ _1\"></span>ponderado <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>las p\u00e9rdidas <span class=\"_ _c8\"></span>crediticias <span class=\"_ _c4\"></span>con <span class=\"_ _c4\"></span>los <span class=\"_ _c8\"></span>r<span class=\"_ _1\"></span>iesgos <span class=\"_ _c4\"></span>respectivos <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>que <span class=\"_ _c8\"></span>ocurra <span class=\"_ _c8\"></span>un <span class=\"_ _c8\"></span>incumpli<span class=\"_ _0\"></span>miento <span class=\"_ _c8\"></span>como <span class=\"_ _c8\"></span>ponderadores.<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>Las p\u00e9rdidas <span class=\"_ _0\"></span>creditici<span class=\"_ _0\"></span>as <span class=\"_ _0\"></span>se <span class=\"_ _bf\"></span>m<span class=\"_ _1\"></span>iden <span class=\"_ _0\"></span>como<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>diferencia <span class=\"_ _bf\"></span>entre <span class=\"_ _0\"></span>todos <span class=\"_ _0\"></span>los <span class=\"_ _bf\"></span>fluj<span class=\"_ _1\"></span>os <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>efectivo <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>tractuales <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>que<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>tiene<span class=\"_ _0\"></span> derecho <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>acuerdo<span class=\"_ _0\"></span> con <span class=\"_ _bf\"></span>el contrato <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>todos<span class=\"_ _0\"></span> lo<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>flujos <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>efectivo <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>entidad <span class=\"_ _0\"></span>espera<span class=\"_ _0\"></span> recib<span class=\"_ _0\"></span>ir (e<span class=\"_ _0\"></span>s de<span class=\"_ _0\"></span>cir, <span class=\"_ _0\"></span>todos los d\u00e9ficits de efectivo) d<span class=\"_ _0\"></span>escontados a la tasa<span class=\"_ _0\"></span> de inter\u00e9s efectiva origina<span class=\"_ _0\"></span>l.  A grandes rasgos,<span class=\"_ _0\"></span> la p\u00e9rdida esperada se basa e<span class=\"_ _0\"></span>n la siguiente f\u00f3rmula:   EAD (Exposure at<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>Defau<span class=\"_ _0\"></span>lt) x <span class=\"_ _1\"></span>PD (Probabil<span class=\"_ _0\"></span>ity of Default) x LGD (Loss<span class=\"_ _0\"></span> Given Default) x DF (Discou<span class=\"_ _0\"></span>nt fact<span class=\"_ _1\"></span>or)<span class=\"_ _0\"></span>.   Donde EAD es la exposi<span class=\"_ _0\"></span>ci\u00f3n al riesgo y se medir\u00ed<span class=\"_ _0\"></span>a por los saldos contables (saldos <span class=\"_ _0\"></span>pendientes de recibir un<span class=\"_ _0\"></span> flujo de efectivo u otro activo financiero) minorado<span class=\"_ _0\"></span> en su caso por los pagos anticipados y cualquier g<span class=\"_ _0\"></span>arant\u00eda o ava<span class=\"_ _0\"></span>l otorgada <span class=\"_ _0\"></span>por e<span class=\"_ _0\"></span>l cliente. P<span class=\"_ _0\"></span>D es <span class=\"_ _0\"></span>la p<span class=\"_ _0\"></span>robabilidad <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>impago. LGD <span class=\"_ _0\"></span>es l<span class=\"_ _0\"></span>a p\u00e9rdid<span class=\"_ _0\"></span>a que <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>tendr\u00eda en<span class=\"_ _0\"></span> caso d<span class=\"_ _0\"></span>e impago del deudor, y se calcular\u00eda como (1 \u2013 la tasa de r<span class=\"_ _1\"></span>ecuperaci\u00f3<span class=\"_ _0\"></span>n). La tasa de recuperaci\u00f3n depende de las garant\u00edas espec<span class=\"_ _0\"></span>\u00edficas del cr\u00e9dito o pr\u00e9stamo.<span class=\"_ _0\"></span> DF es el valor tempora<span class=\"_ _0\"></span>l del dinero.  Siguien<span class=\"_ _0\"></span>do <span class=\"_ _c4\"></span>una <span class=\"_ _1\"></span>jerarqu\u00eda <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>acuerdo <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>NIIF <span class=\"_ _1\"></span>13 <span class=\"_ _1\"></span>desde <span class=\"_ _c4\"></span>las <span class=\"_ _1\"></span>variables <span class=\"_ _1\"></span>m\u00e1s <span class=\"_ _1\"></span>observables <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>menos <span class=\"_ _1\"></span>observa-<span class=\"_ _29d\"> </span>bles, se utilizan los sigui<span class=\"_ _0\"></span>entes m\u00e9todos: <span class=\"_ _0\"></span> o<span class=\"ff5\"> <span class=\"_ _d0\"> </span><span class=\"ff3 fc1\">Si el <span class=\"_ _1\"></span>deudor tiene <span class=\"_ _1\"></span>permutas por <span class=\"_ _1\"></span>incumplimie<span class=\"_ _0\"></span>nto <span class=\"_ _1\"></span>de cr\u00e9dito <span class=\"_ _1\"></span>(Credit Default Swaps -CDS) cot<span class=\"_ _1\"></span>izados<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span> ge-<span class=\"_ _29d\"> </span></span></span>neralmente <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>probabilidad <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>impago <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>obtiene <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>CDS, <span class=\"_ _c4\"></span>dado <span class=\"_ _1\"></span>que <span class=\"_ _c4\"></span>es <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>medida <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>cr\u00e9dito <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>mer-<span class=\"_ _29d\"> </span>cado <span class=\"_ _c5\"></span>m\u00e1s <span class=\"_ _c0\"> </span>objetiva <span class=\"_ _c5\"> </span>sobre <span class=\"_ _c5\"> </span>la <span class=\"_ _c0\"> </span>probabilidad <span class=\"_ _c5\"> </span>de <span class=\"_ _c0\"> </span>impago <span class=\"_ _c5\"> </span>de <span class=\"_ _c0\"> </span>una <span class=\"_ _c5\"> </span>sociedad <span class=\"_ _c5\"></span>en <span class=\"_ _c0\"> </span>un <span class=\"_ _c5\"> </span>mom<span class=\"_ _1\"></span>ento <span class=\"_ _c5\"></span>concreto <span class=\"_ _c5\"> </span>del tiempo.  o<span class=\"ff5\"> <span class=\"_ _d0\"> </span><span class=\"ff3 fc1\">Si el de<span class=\"_ _0\"></span>udor no tiene <span class=\"_ _0\"></span>CDS cotizados,<span class=\"_ _0\"></span> se seleccio<span class=\"_ _0\"></span>na el rating de<span class=\"_ _0\"></span> la co<span class=\"_ _0\"></span>mpa\u00f1\u00eda por cad<span class=\"_ _0\"></span>a una de <span class=\"_ _0\"></span>las agen-<span class=\"_ _29d\"> </span></span></span>cias <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>calificaci\u00f3n <span class=\"_ _1\"></span>crediticia que <span class=\"_ _c4\"></span>hayan <span class=\"_ _1\"></span>emitido <span class=\"_ _1\"></span>un <span class=\"_ _c4\"></span>informe, <span class=\"_ _1\"></span>a <span class=\"_ _c4\"></span>partir <span class=\"_ _1\"></span>del <span class=\"_ _c4\"></span>cual <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>realizar\u00e1 <span class=\"_ _1\"></span>el <span class=\"_ _c4\"></span>c\u00e1lculo <span class=\"_ _1\"></span>de la probabilida<span class=\"_ _0\"></span>d de impago.   o<span class=\"ff5\"> <span class=\"_ _d0\"> </span><span class=\"ff3 fc1\">Si <span class=\"_ _c5\"></span>el <span class=\"_ _c2\"></span>deudor <span class=\"_ _c5\"> </span>no <span class=\"_ _c5\"></span>tiene <span class=\"_ _c5\"></span>ra<span class=\"_ _0\"></span>ting, <span class=\"_ _c5\"> </span>una <span class=\"_ _c5\"></span>posibil<span class=\"_ _0\"></span>idad <span class=\"_ _c5\"></span>es <span class=\"_ _c2\"></span>calcular <span class=\"_ _c5\"></span>un <span class=\"_ _c5\"></span>rating <span class=\"_ _c2\"></span>te\u00f3rico <span class=\"_ _c5\"></span>comparando <span class=\"_ _c2\"></span>los <span class=\"_ _c2\"></span>r<span class=\"_ _1\"></span>atios <span class=\"_ _c2\"></span>del </span></span>deudor con los ratios<span class=\"_ _0\"></span> de otras empresas que s<span class=\"_ _0\"></span>\u00ed t<span class=\"_ _1\"></span>i<span class=\"_ _0\"></span>enen rating.  Las <span class=\"_ _c4\"></span>provisiones <span class=\"_ _1\"></span>por <span class=\"_ _c4\"></span>deterioro <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>los <span class=\"_ _c4\"></span>activos <span class=\"_ _c4\"></span>financieros <span class=\"_ _1\"></span>medidos <span class=\"_ _c4\"></span>a <span class=\"_ _c4\"></span>coste <span class=\"_ _c4\"></span>amortizado <span class=\"_ _c4\"></span>son <span class=\"_ _c4\"></span>deducida<span class=\"_ _0\"></span>s <span class=\"_ _c4\"></span>del <span class=\"_ _c4\"></span>im-<span class=\"_ _29d\"> </span>porte bruto en lib<span class=\"_ _0\"></span>ros de dichos activos.  Las <span class=\"_ _c4\"></span>p\u00e9rdidas <span class=\"_ _c4\"></span>por <span class=\"_ _c4\"></span>deterioro <span class=\"_ _c4\"></span>relacionadas <span class=\"_ _1\"></span>con <span class=\"_ _c4\"></span>cr\u00e9ditos <span class=\"_ _c4\"></span>comerciales <span class=\"_ _c4\"></span>y <span class=\"_ _c4\"></span>otras <span class=\"_ _c4\"></span>cuentas <span class=\"_ _c4\"></span>a <span class=\"_ _c4\"></span>cobrar, <span class=\"_ _c4\"></span>incluidos <span class=\"_ _c4\"></span>en <span class=\"_ _c4\"></span>su caso los activos cont<span class=\"_ _0\"></span>ractuales bajo NIIF 15, son<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>presentadas<span class=\"_ _0\"></span> en la Cuenta de resultad<span class=\"_ _0\"></span>os consolidada.  <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Act<span class=\"_ _1\"></span>ivos no financie<span class=\"_ _0\"></span>ros  </span></span>Las sociedades del G<span class=\"_ _0\"></span>rupo siguen el criterio de<span class=\"_ _0\"></span> analizar la recuperabili<span class=\"_ _0\"></span>dad de sus activos a la fecha d<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>cierre de cada e<span class=\"_ _0\"></span>jercicio y si<span class=\"_ _0\"></span>empre que alg<span class=\"_ _0\"></span>\u00fan suceso o <span class=\"_ _0\"></span>cambio <span class=\"_ _0\"></span>en las cir<span class=\"_ _0\"></span>cunstancias indiq<span class=\"_ _0\"></span>ue que el imp<span class=\"_ _0\"></span>orte contabi-<span class=\"_ _29d\"> </span>lizado <span class=\"_ _0\"></span>puede <span class=\"_ _0\"></span>no ser recu<span class=\"_ _0\"></span>perable. En<span class=\"_ _0\"></span> concreto <span class=\"_ _0\"></span>para <span class=\"_ _0\"></span>los activos <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>vida \u00fatil<span class=\"_ _0\"></span> indefin<span class=\"_ _0\"></span>ida se <span class=\"_ _0\"></span>realiza <span class=\"_ _0\"></span>con u<span class=\"_ _0\"></span>na perio-<span class=\"_ _29d\"> </span>dicidad al menos<span class=\"_ _0\"></span> anual y para el resto de activo<span class=\"_ _0\"></span>s siempre y cuando existan<span class=\"_ _0\"></span> indicios de deterioro.  Si el importe<span class=\"_ _0\"></span> recuperable de un<span class=\"_ _0\"></span> activo es in<span class=\"_ _0\"></span>f<span class=\"_ _1\"></span>erior<span class=\"_ _0\"></span> a su importe <span class=\"_ _0\"></span>registrado en<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>libros, en<span class=\"_ _0\"></span>tonces se<span class=\"_ _0\"></span> entiende que se ha producido<span class=\"_ _0\"></span> un deterioro del valo<span class=\"_ _0\"></span>r del activo, <span class=\"_ _0\"></span>que debe ser reconocid<span class=\"_ _0\"></span>o contablemente co<span class=\"_ _0\"></span>mo una p\u00e9rdida de <span class=\"_ _c4\"></span>valor <span class=\"_ _c8\"></span>por <span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>terioro,<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>imputando <span class=\"_ _c4\"></span>dicha <span class=\"_ _c4\"></span>p\u00e9rdida <span class=\"_ _c4\"></span>a <span class=\"_ _c8\"></span>la <span class=\"_ _c4\"></span>Cuenta <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>resultados <span class=\"_ _c4\"></span>consolidada. <span class=\"_ _c4\"></span>As\u00ed, <span class=\"_ _c4\"></span>la <span class=\"_ _c8\"></span>p\u00e9rdida <span class=\"_ _c4\"></span>po<span class=\"_ _0\"></span>r deterioro es <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>diferencia<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>existente entre <span class=\"_ _1\"></span>el valor <span class=\"_ _1\"></span>en libros <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>un activo y <span class=\"_ _1\"></span>su valor <span class=\"_ _1\"></span>recuperable. El valor <span class=\"_ _1\"></span>recu-<span class=\"_ _29d\"> </span>perable <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>los <span class=\"_ _1\"></span>activos <span class=\"_ _1\"></span>es <span class=\"_ _c4\"></span>el <span class=\"_ _1\"></span>mayor <span class=\"_ _1\"></span>entre <span class=\"_ _1\"></span>su <span class=\"_ _c4\"></span>valor <span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>azona<span class=\"_ _0\"></span>ble <span class=\"_ _c4\"></span>menos <span class=\"_ _1\"></span>los <span class=\"_ _c4\"></span>costes <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>enajenaci\u00f3n <span class=\"_ _1\"></span>o <span class=\"_ _c4\"></span>disposici\u00f3n<span class=\"_ _0\"></span> por <span class=\"_ _c5\"></span>otra <span class=\"_ _c2\"></span>v\u00eda <span class=\"_ _c2\"></span>y <span class=\"_ _c5\"></span>su <span class=\"_ _c5\"></span>valor <span class=\"_ _c2\"></span>en <span class=\"_ _c5\"></span>uso<span class=\"_ _0\"></span>. <span class=\"_ _c5\"> </span>El <span class=\"_ _c5\"></span>c\u00e1lculo<span class=\"_ _0\"></span> <span class=\"_ _c5\"> </span>del <span class=\"_ _c2\"></span>valor <span class=\"_ _c5\"></span>en <span class=\"_ _c5\"></span>uso <span class=\"_ _c2\"></span>se <span class=\"_ _c2\"></span>realiza <span class=\"_ _c5\"></span>en <span class=\"_ _c2\"></span>base <span class=\"_ _c5\"></span>a <span class=\"_ _c2\"></span>flujos <span class=\"_ _c5\"></span>de <span class=\"_ _c5\"></span>efec<span class=\"_ _0\"></span>tivo <span class=\"_ _c5\"></span>futuros<span class=\"_ _0\"></span> esperados. Las <span class=\"_ _bf\"></span>p\u00e9rdidas <span class=\"_ _bf\"></span>por <span class=\"_ _bf\"></span>deterioro <span class=\"_ _bf\"></span>reconocidas<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>en <span class=\"_ _bf\"></span>un <span class=\"_ _bf\"></span>activo <span class=\"_ _bf\"></span>en <span class=\"_ _bf\"></span>ejercicios<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>anteri<span class=\"_ _0\"></span>ores <span class=\"_ _bf\"></span>son <span class=\"_ _0\"></span>reve<span class=\"_ _0\"></span>rtidas <span class=\"_ _bf\"></span>cuando <span class=\"_ _bf\"></span>se <span class=\"_ _bf\"></span>produce un <span class=\"_ _c4\"></span>cambio <span class=\"_ _c8\"></span>en <span class=\"_ _c4\"></span>las <span class=\"_ _c8\"></span>estimaciones <span class=\"_ _c4\"></span>sobre <span class=\"_ _c4\"></span>su <span class=\"_ _c8\"></span>importe <span class=\"_ _c4\"></span>recuperable, <span class=\"_ _c4\"></span>aumentando <span class=\"_ _c4\"></span>el <span class=\"_ _c8\"></span>valor <span class=\"_ _c4\"></span>del <span class=\"_ _c8\"></span>activo <span class=\"_ _c4\"></span>con <span class=\"_ _c4\"></span>abono <span class=\"_ _c4\"></span>a resultados con <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>l\u00edm<span class=\"_ _1\"></span>ite del <span class=\"_ _c4\"></span>valor en <span class=\"_ _1\"></span>libros <span class=\"_ _c4\"></span>que el <span class=\"_ _1\"></span>activo <span class=\"_ _1\"></span>hubiera <span class=\"_ _1\"></span>tenido <span class=\"_ _1\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>no <span class=\"_ _1\"></span>haberse realizado <span class=\"_ _1\"></span>el deter<span class=\"_ _1\"></span>ioro. Las p\u00e9rdidas por de<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>eri<span class=\"_ _0\"></span>oro de fondos de comercio<span class=\"_ _0\"></span> no son objeto de reversi\u00f3<span class=\"_ _0\"></span>n en periodos posteriores.  El <span class=\"_ _c8\"></span>c\u00e1lculo <span class=\"_ _c8\"></span>del <span class=\"_ _c2\"></span>deterioro <span class=\"_ _c8\"></span>se <span class=\"_ _c2\"></span>realiza <span class=\"_ _c8\"></span>par<span class=\"_ _1\"></span>a <span class=\"_ _c8\"></span>los <span class=\"_ _c8\"></span>activos <span class=\"_ _c2\"></span>individuale<span class=\"_ _0\"></span>s. <span class=\"_ _c2\"></span>Si <span class=\"_ _c8\"></span>no <span class=\"_ _c2\"></span>fuera <span class=\"_ _c2\"></span>posible <span class=\"_ _c8\"></span>la <span class=\"_ _c2\"></span>estimaci\u00f3n <span class=\"_ _c8\"></span>del <span class=\"_ _c8\"></span>valor recuperable <span class=\"_ _c4\"></span>del <span class=\"_ _c4\"></span>a<span class=\"_ _1\"></span>ctivo <span class=\"_ _c4\"></span>individual <span class=\"_ _c4\"></span>se <span class=\"_ _c8\"></span>determinar\u00e1 <span class=\"_ _c4\"></span>el <span class=\"_ _c4\"></span>valor <span class=\"_ _c8\"></span>recuperable <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>la <span class=\"_ _c8\"></span>Unidad <span class=\"_ _c4\"></span>Generadora <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>Efectivo (UGE) a la que pertenec<span class=\"_ _0\"></span>e dicho activo.  El <span class=\"_ _c2\"></span>G<span class=\"_ _1\"></span>rupo <span class=\"_ _c2\"></span>t<span class=\"_ _1\"></span>iene <span class=\"_ _c5\"></span>Unid<span class=\"_ _0\"></span>ades <span class=\"_ _c5\"></span>Generadoras <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>Efectivo <span class=\"_ _c2\"></span>(<span class=\"_ _1\"></span>UGEs) <span class=\"_ _c2\"></span>que <span class=\"_ _c5\"> </span>son <span class=\"_ _c5\"></span>el <span class=\"_ _c2\"></span>grupo <span class=\"_ _c5\"> </span>identificable <span class=\"_ _c5\"></span>de <span class=\"_ _c2\"></span>activos <span class=\"_ _c5\"></span>m\u00e1s<span class=\"_ _0\"></span> peque\u00f1o <span class=\"_ _0\"></span>capaz de<span class=\"_ _0\"></span> generar <span class=\"_ _0\"></span>entradas de<span class=\"_ _0\"></span> efectivo <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>sean, en <span class=\"_ _0\"></span>buena <span class=\"_ _0\"></span>medida, i<span class=\"_ _0\"></span>ndependientes de<span class=\"_ _0\"></span> los <span class=\"_ _0\"></span>flujos de<span class=\"_ _0\"></span> efectivo derivados <span class=\"_ _1\"></span>de otros <span class=\"_ _1\"></span>activos o <span class=\"_ _c4\"></span>grupos<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>activos. Las <span class=\"_ _c4\"></span>UGEs identificadas son <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>relacionad<span class=\"_ _0\"></span>as <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>el transporte <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>energ\u00eda <span class=\"_ _bf\"></span>el\u00e9ctrica <span class=\"_ _bf\"></span>(en <span class=\"_ _bf\"></span>Espa\u00f1a,<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>Per\u00fa<span class=\"_ _0\"></span>, <span class=\"_ _bf\"></span>Chile, <span class=\"_ _bf\"></span>Br<span class=\"_ _1\"></span>asil) <span class=\"_ _bf\"></span>y <span class=\"_ _bf\"></span>las <span class=\"_ _bf\"></span>telecomunicacio<span class=\"_ _0\"></span>nes <span class=\"_ _bf\"></span>asociadas <span class=\"_ _bf\"></span>al <span class=\"_ _bf\"></span>negocio satelital y al negocio<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>de<span class=\"_ _0\"></span> fibra \u00f3ptica).  El <span class=\"_ _c4\"></span>Grupo <span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ealiza<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>t<span class=\"_ _1\"></span>ests<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>de <span class=\"_ _c4\"></span>deterioro<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>cuando <span class=\"_ _1\"></span>observa <span class=\"_ _c4\"></span>indicios, <span class=\"_ _1\"></span>tales <span class=\"_ _c4\"></span>como <span class=\"_ _c4\"></span>cambios <span class=\"_ _1\"></span>en <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>regulaci\u00f3n <span class=\"_ _1\"></span>sectorial, modificaciones<span class=\"_ _0\"></span> en l<span class=\"_ _0\"></span>os planes d<span class=\"_ _0\"></span>e invers<span class=\"_ _0\"></span>i\u00f3n o e<span class=\"_ _0\"></span>n la <span class=\"_ _0\"></span>evoluci\u00f3n<span class=\"_ _0\"></span> de los <span class=\"_ _0\"></span>negocios y<span class=\"_ _0\"></span> otros p<span class=\"_ _0\"></span>ar\u00e1metros<span class=\"_ _0\"></span> que pudie<span class=\"_ _0\"></span>ran poner <span class=\"_ _c5\"></span>de <span class=\"_ _c2\"></span>manifiesto <span class=\"_ _c2\"></span>el <span class=\"_ _c5\"></span>potencia<span class=\"_ _0\"></span>l <span class=\"_ _c5\"></span>deterioro <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>valo<span class=\"_ _0\"></span>r <span class=\"_ _c5\"> </span>de <span class=\"_ _c5\"></span>los <span class=\"_ _c2\"></span>activos <span class=\"_ _c2\"></span>no <span class=\"_ _c5\"></span>financie<span class=\"_ _0\"></span>ros <span class=\"_ _c5\"></span>sujetos <span class=\"_ _c2\"></span>a <span class=\"_ _c5\"></span>amortiza<span class=\"_ _0\"></span>ci\u00f3n <span class=\"_ _c5\"></span>o depreciaci\u00f3n. Para <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>c\u00e1lculo<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>deterioro <span class=\"_ _1\"></span>el Grupo verifica <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>el importe <span class=\"_ _1\"></span>recuperable<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>cada Unidad G<span class=\"_ _1\"></span>e-<span class=\"_ _29d\"> </span>neradora <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>Efectivo (UGE) <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>la <span class=\"_ _c4\"></span>que est\u00e1n <span class=\"_ _1\"></span>asociados <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>activos o <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>activos <span class=\"_ _1\"></span>individuales, es <span class=\"_ _c4\"></span>superi<span class=\"_ _0\"></span>or <span class=\"_ _c4\"></span>a su valor neto contable<span class=\"_ _0\"></span>.   En caso contrario se reconoce<span class=\"_ _0\"></span> en <span class=\"_ _1\"></span>la Cuenta de resultados consoli<span class=\"_ _0\"></span>dada una p\u00e9rdida por deterioro por la dife-<span class=\"_ _29d\"> </span>rencia <span class=\"_ _bf\"></span>entre <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>mbos <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span> <span class=\"_ _bf\"></span>cargo <span class=\"_ _0\"></span>al <span class=\"_ _bf\"></span>ep\u00edgrafe <span class=\"_ _bf\"></span>Deterioro <span class=\"_ _bf\"></span>y <span class=\"_ _0\"></span>resul<span class=\"_ _0\"></span>tado <span class=\"_ _bf\"></span>por <span class=\"_ _0\"></span>enajena<span class=\"_ _0\"></span>ci\u00f3n <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>Inmovil<span class=\"_ _0\"></span>izado <span class=\"_ _0\"></span>has<span class=\"_ _0\"></span>ta <span class=\"_ _0\"></span>el <span class=\"_ _bf\"></span>l\u00edmite mayor <span class=\"_ _1\"></span>entre <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>siguiente<span class=\"_ _0\"></span>s: <span class=\"_ _1\"></span>(<span class=\"_ _1\"></span>i) su <span class=\"_ _1\"></span>valor <span class=\"_ _1\"></span>razonable <span class=\"_ _1\"></span>minorado por <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>costes <span class=\"_ _1\"></span>necesarios <span class=\"_ _1\"></span>para<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>su <span class=\"_ _1\"></span>venta <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>(ii) <span class=\"_ _1\"></span>su valor en uso.   j) <span class=\"_ _cd\"> </span>Capital social<span class=\"_ _0\"></span>, acciones propias y divide<span class=\"_ _0\"></span>ndos<span class=\"ff3 fc1\">  </span>El <span class=\"_ _0\"></span>Capital <span class=\"_ _bf\"></span>social <span class=\"_ _0\"></span>est\u00e1<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>representado<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>accion<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>ordinari<span class=\"_ _0\"></span>as. L<span class=\"_ _0\"></span>os <span class=\"_ _0\"></span>costes<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>emis<span class=\"_ _0\"></span>i\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>nuevas <span class=\"_ _0\"></span>accione<span class=\"_ _0\"></span>s, <span class=\"_ _0\"></span>netos de impuestos, se dedu<span class=\"_ _0\"></span>cen del Patrimonio.<span class=\"_ _0\"></span>   Las <span class=\"_ _1\"></span>acciones <span class=\"_ _1\"></span>propias <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>valoran <span class=\"_ _c4\"></span>a <span class=\"_ _1\"></span>su <span class=\"_ _c4\"></span>coste <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>adquisici\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _c4\"></span>y <span class=\"_ _1\"></span>se <span class=\"_ _c4\"></span>presentan <span class=\"_ _1\"></span>minorando <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>cifra <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>Patrimonio<span class=\"_ _0\"></span> en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Estado <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>situaci\u00f3n <span class=\"_ _0\"></span>financiera<span class=\"_ _0\"></span> conso<span class=\"_ _0\"></span>lidado. <span class=\"_ _0\"></span>Cualqu<span class=\"_ _0\"></span>ier g<span class=\"_ _0\"></span>anancia <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>p\u00e9rdid<span class=\"_ _0\"></span>a o<span class=\"_ _0\"></span>btenida <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>comp<span class=\"_ _0\"></span>ra, <span class=\"_ _0\"></span>venta, emisi\u00f3n o amortizaci\u00f3<span class=\"_ _0\"></span>n de acciones propia<span class=\"_ _0\"></span>s, se reconoce directamen<span class=\"_ _0\"></span>te en Patrimonio neto. <span class=\"_ _0\"></span> El dividendo a cuenta minora el Patrimonio neto del ejercicio a que corresponde dicho dividendo, en base al acuerdo <span class=\"_ _bf\"></span>del <span class=\"_ _0\"></span>Consejo<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>Administraci\u00f3n. <span class=\"_ _bf\"></span>El <span class=\"_ _0\"></span>divi<span class=\"_ _0\"></span>dendo <span class=\"_ _0\"></span>comple<span class=\"_ _0\"></span>mentario <span class=\"_ _bf\"></span>no <span class=\"_ _0\"></span>se<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>deduce <span class=\"_ _bf\"></span>del <span class=\"_ _0\"></span>Pa<span class=\"_ _0\"></span>trimonio <span class=\"_ _bf\"></span>neto <span class=\"_ _0\"></span>hasta<span class=\"_ _0\"></span> la aprobaci\u00f3n por la Jun<span class=\"_ _0\"></span>ta General de Accionistas<span class=\"_ _0\"></span> correspondiente. <span class=\"_ _0\"></span> k) <span class=\"_ _c7\"> </span>Subvenciones y otros<span class=\"ff3 fc1\"> <span class=\"_ _0\"></span> </span>Las <span class=\"_ _0\"></span>Subvenciones<span class=\"_ _0\"></span> o<span class=\"_ _0\"></span>ficiales <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>capital<span class=\"_ _0\"></span> n<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>reintegrable<span class=\"_ _0\"></span>s conce<span class=\"_ _0\"></span>didas <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>difere<span class=\"_ _0\"></span>ntes <span class=\"_ _0\"></span>organismos <span class=\"_ _0\"></span>oficiale<span class=\"_ _0\"></span>s y<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>otras asimilables cuya<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>finalida<span class=\"_ _0\"></span>d <span class=\"_ _1\"></span>es la financia<span class=\"_ _0\"></span>ci\u00f3n de bienes de inmovil<span class=\"_ _0\"></span>izado propiedad del Grupo se regi<span class=\"_ _0\"></span>stran una vez realizadas<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>las inversi<span class=\"_ _0\"></span>ones correspondientes.<span class=\"_ _0\"></span>  El <span class=\"_ _bf\"></span>Grupo <span class=\"_ _bf\"></span>sigue <span class=\"_ _bf\"></span>el <span class=\"_ _bf\"></span>criterio <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>imputar <span class=\"_ _bf\"></span>a <span class=\"_ _bf\"></span>resultados <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>cada <span class=\"_ _bf\"></span>ejercicio<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>en<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>el<span class=\"_ _0\"></span> <span class=\"_ _bf\"></span>ep\u00edgrafe <span class=\"_ _bf\"></span>Imputaci\u00f3n <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>subvenciones<span class=\"_ _0\"></span> de inmovil<span class=\"_ _0\"></span>izado no finan<span class=\"_ _0\"></span>ciero y otras<span class=\"_ _0\"></span>, las mencio<span class=\"_ _0\"></span>nadas subvencione<span class=\"_ _0\"></span>s durante el <span class=\"_ _0\"></span>periodo e<span class=\"_ _0\"></span>n el que<span class=\"_ _0\"></span> se amorti-<span class=\"_ _29d\"> </span>zan <span class=\"_ _1\"></span>los bienes de <span class=\"_ _1\"></span>inmovil<span class=\"_ _0\"></span>izado <span class=\"_ _1\"></span>por <span class=\"_ _1\"></span>los<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>cuales las <span class=\"_ _1\"></span>sociedades las <span class=\"_ _1\"></span>han percibido. <span class=\"_ _1\"></span>Para aquellos casos <span class=\"_ _1\"></span>en que la subvenci\u00f3n se otorga e<span class=\"_ _0\"></span>n f<span class=\"_ _1\"></span>unci\u00f3n de unidades <span class=\"_ _0\"></span>de producto vendidas y que forma parte del precio<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>de venta de <span class=\"_ _c4\"></span>los <span class=\"_ _c8\"></span>bienes <span class=\"_ _c4\"></span>y <span class=\"_ _c8\"></span>servicios, <span class=\"_ _c8\"></span>su <span class=\"_ _c8\"></span>importe <span class=\"_ _c4\"></span>estar\u00e1 <span class=\"_ _c4\"></span>integrado <span class=\"_ _c8\"></span>en <span class=\"_ _c4\"></span>el <span class=\"_ _c8\"></span>Importe <span class=\"_ _c8\"></span>neto <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>la <span class=\"_ _c8\"></span>cifra <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>negocios <span class=\"_ _1\"></span>a <span class=\"_ _c8\"></span>las <span class=\"_ _c8\"></span>que afecta.  Las deducciones<span class=\"_ _0\"></span> del impuesto sobre<span class=\"_ _0\"></span> las ganancias concedida<span class=\"_ _0\"></span>s por Adminis<span class=\"_ _0\"></span>traciones P\u00fablicas como<span class=\"_ _0\"></span> una mi-<span class=\"_ _29d\"> </span>noraci\u00f3n de <span class=\"_ _1\"></span>la cuota de dicho impuesto que <span class=\"_ _1\"></span>en sustancia tengan la consideraci\u00f3n de subvenciones oficiales de <span class=\"_ _1\"></span>capital, <span class=\"_ _1\"></span>se reconocen mediante la <span class=\"_ _c4\"></span>aplicaci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>criterios generales aplicables <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>las subvenciones <span class=\"_ _1\"></span>ofi-<span class=\"_ _29d\"> </span>ciales de capital des<span class=\"_ _0\"></span>critos. l) <span class=\"_ _cd\"> </span>Pasivos por contr<span class=\"_ _0\"></span>atos<span class=\"ff3 fc1\">  </span>Los <span class=\"_ _1\"></span>pasivos <span class=\"_ _c4\"></span>por <span class=\"_ _c4\"></span>contratos <span class=\"_ _1\"></span>no <span class=\"_ _c4\"></span>corrientes <span class=\"_ _c4\"></span>proceden<span class=\"_ _0\"></span>tes, <span class=\"_ _c4\"></span>en <span class=\"_ _c4\"></span>general, <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>contratos <span class=\"_ _c4\"></span>o <span class=\"_ _c4\"></span>compromis<span class=\"_ _0\"></span>os <span class=\"_ _c4\"></span>plurianuales se <span class=\"_ _c2\"></span>imputan <span class=\"_ _c8\"></span>a <span class=\"_ _c2\"></span>resultados <span class=\"_ _c8\"></span>en <span class=\"_ _c2\"></span>el <span class=\"_ _c2\"></span>ep\u00edgrafe <span class=\"_ _c8\"></span>Importe <span class=\"_ _c8\"></span>net<span class=\"_ _1\"></span>o <span class=\"_ _c2\"></span>de <span class=\"_ _c8\"></span>la <span class=\"_ _c2\"></span>cifra <span class=\"_ _c2\"></span>de <span class=\"_ _c8\"></span>neg<span class=\"_ _1\"></span>ocio<span class=\"_ _0\"></span>, <span class=\"_ _c5\"></span>seg\u00fan<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>proceda, <span class=\"_ _c2\"></span>a <span class=\"_ _c2\"></span>lo <span class=\"_ _c8\"></span>largo <span class=\"_ _c2\"></span>del periodo de vigencia de<span class=\"_ _0\"></span> dichos contratos o co<span class=\"_ _0\"></span>mpromisos.<span class=\"_ _29d\"> </span>m) <span class=\"_ _d5\"> </span>Provisiones<span class=\"ff3 fc1\"> <span class=\"_ _0\"></span> </span> <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Prest<span class=\"_ _1\"></span>aciones<span class=\"_ _0\"></span> a <span class=\"_ _1\"></span>los empl<span class=\"_ _0\"></span>eados   </span></span>o<span class=\"ff5\"> <span class=\"_ _d0\"> </span><span class=\"ff3 fc1\">Obligaciones por pensio<span class=\"_ _0\"></span>nes  </span></span>El <span class=\"_ _1\"></span>Grupo <span class=\"_ _1\"></span>tiene <span class=\"_ _1\"></span>planes <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>aportaciones <span class=\"_ _1\"></span>definidas, que <span class=\"_ _1\"></span>son <span class=\"_ _1\"></span>planes <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>definen <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>importe <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>prestaci\u00f3n que recibir\u00e1 <span class=\"_ _0\"></span>un emplead<span class=\"_ _0\"></span>o en el <span class=\"_ _0\"></span>momento de<span class=\"_ _0\"></span> su jubil<span class=\"_ _0\"></span>aci\u00f3n, normalmente e<span class=\"_ _0\"></span>n funci\u00f3n de <span class=\"_ _0\"></span>uno o <span class=\"_ _0\"></span>m\u00e1s factores<span class=\"_ _0\"></span> como la <span class=\"_ _0\"></span>edad, ren<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>abili<span class=\"_ _0\"></span>dad del fondo, <span class=\"_ _0\"></span>a\u00f1os de <span class=\"_ _0\"></span>servicio <span class=\"_ _0\"></span>o remuneraci\u00f3n. <span class=\"_ _0\"></span>Un plan <span class=\"_ _0\"></span>de aportaciones<span class=\"_ _0\"></span> definidas es <span class=\"_ _1\"></span>un plan <span class=\"_ _1\"></span>de pensiones <span class=\"_ _1\"></span>bajo el <span class=\"_ _1\"></span>cual el <span class=\"_ _1\"></span>Grupo <span class=\"_ _1\"></span>paga aportaciones fijas <span class=\"_ _1\"></span>a una <span class=\"_ _1\"></span>entidad separada y <span class=\"_ _1\"></span>no <span class=\"_ _1\"></span>tiene ninguna <span class=\"_ _1\"></span>obligaci\u00f3<span class=\"_ _0\"></span>n, <span class=\"_ _c4\"></span>ni <span class=\"_ _1\"></span>legal ni <span class=\"_ _c4\"></span>impl\u00edcita, <span class=\"_ _1\"></span>de r<span class=\"_ _1\"></span>ealizar aportaciones <span class=\"_ _1\"></span>adiciona<span class=\"_ _0\"></span>les <span class=\"_ _1\"></span>si <span class=\"_ _c4\"></span>el f<span class=\"_ _1\"></span>ondo no <span class=\"_ _1\"></span>posee <span class=\"_ _1\"></span>activos suficientes <span class=\"_ _c4\"></span>para <span class=\"_ _c4\"></span>pagar <span class=\"_ _c4\"></span>a <span class=\"_ _c4\"></span>todos <span class=\"_ _c8\"></span>los <span class=\"_ _c4\"></span>empleados <span class=\"_ _c4\"></span>las <span class=\"_ _c4\"></span>prestaciones <span class=\"_ _1\"></span>relacionadas <span class=\"_ _c4\"></span>con <span class=\"_ _c8\"></span>los <span class=\"_ _c4\"></span>servicios <span class=\"_ _c4\"></span>prestados en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>ejercicio <span class=\"_ _0\"></span>corriente<span class=\"_ _0\"></span> y<span class=\"_ _0\"></span> e<span class=\"_ _0\"></span>n e<span class=\"_ _0\"></span>jercicios <span class=\"_ _0\"></span>anteriores. <span class=\"_ _bf\"></span>Las aportacio<span class=\"_ _0\"></span>nes <span class=\"_ _0\"></span>se r<span class=\"_ _0\"></span>econoce<span class=\"_ _0\"></span>n como<span class=\"_ _0\"></span> p<span class=\"_ _0\"></span>restaciones <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>los empleados cuando se<span class=\"_ _0\"></span> devengan.  o<span class=\"ff5\"> <span class=\"_ _d0\"> </span><span class=\"ff3 fc1\">Otras prestaciones a la<span class=\"_ _0\"></span>rgo plazo   </span></span>Otras <span class=\"_ _1\"></span>prestaciones <span class=\"_ _1\"></span>a <span class=\"_ _c4\"></span>lar<span class=\"_ _0\"></span>go <span class=\"_ _c4\"></span>plazo <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>empleados <span class=\"_ _1\"></span>incluyen <span class=\"_ _1\"></span>los <span class=\"_ _c4\"></span>planes <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>prestaci\u00f3n <span class=\"_ _1\"></span>definida <span class=\"_ _1\"></span>distintos <span class=\"_ _1\"></span>de planes de pensiones, tales como seguro m\u00e9dico, a parte de los empleados activos<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>y jubilados del Grupo. Los <span class=\"_ _1\"></span>costes<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>esperados de <span class=\"_ _1\"></span>estas prestaciones se reconocen <span class=\"_ _1\"></span>durante la <span class=\"_ _1\"></span>vida laboral de <span class=\"_ _1\"></span>los empleados y <span class=\"_ _1\"></span>se recogen en <span class=\"_ _1\"></span>el ep\u00edgrafe de <span class=\"_ _1\"></span>Provisiones.<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>Estas <span class=\"_ _1\"></span>obligaciones se va<span class=\"_ _1\"></span>loran<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>anualmente por <span class=\"_ _1\"></span>actuarios cualifica-<span class=\"_ _29d\"> </span>dos <span class=\"_ _c8\"></span>independientes. <span class=\"_ _c2\"></span>Los <span class=\"_ _c8\"></span>cambios <span class=\"_ _c8\"></span>en <span class=\"_ _c2\"></span>las <span class=\"_ _c2\"></span>hip\u00f3tesis <span class=\"_ _c8\"></span>actuariales <span class=\"_ _c8\"></span>se <span class=\"_ _c8\"></span>r<span class=\"_ _1\"></span>econocen, <span class=\"_ _c8\"></span>netos <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>impuestos, <span class=\"_ _c8\"></span>en <span class=\"_ _c2\"></span>el Patrimonio neto como Reservas en el ejercicio en el <span class=\"_ _1\"></span>que se producen y el coste de <span class=\"_ _1\"></span>los servicios pasados se reconoce en la Cu<span class=\"_ _0\"></span>enta de resultados consolida<span class=\"_ _0\"></span>da.  Asimismo, en <span class=\"_ _0\"></span>este <span class=\"_ _0\"></span>ep\u00edgrafe <span class=\"_ _0\"></span>se incluye<span class=\"_ _0\"></span>n los <span class=\"_ _0\"></span>programas <span class=\"_ _0\"></span>de ret<span class=\"_ _0\"></span>ribuci\u00f3n <span class=\"_ _0\"></span>a largo <span class=\"_ _0\"></span>plazo q<span class=\"_ _0\"></span>ue son a<span class=\"_ _0\"></span>probados <span class=\"_ _0\"></span>por los \u00f3rganos compete<span class=\"_ _0\"></span>ntes en cada una<span class=\"_ _0\"></span> de <span class=\"_ _1\"></span>las Soci<span class=\"_ _0\"></span>edades del Grupo (v\u00e9ase nota<span class=\"_ _0\"></span> 16).  En <span class=\"_ _c8\"></span>2015 <span class=\"_ _c8\"></span>la <span class=\"_ _c2\"></span>Comisi\u00f3n <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>Nombramientos<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>y <span class=\"_ _c8\"></span>Retribuciones <span class=\"_ _c8\"></span>del <span class=\"_ _c8\"></span>Grupo <span class=\"_ _c2\"></span>aprob\u00f3<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>la <span class=\"_ _c8\"></span>puesta <span class=\"_ _c2\"></span>en <span class=\"_ _c8\"></span>marcha <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>un Plan <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>Gesti\u00f3n <span class=\"_ _0\"></span>Estructural <span class=\"_ _0\"></span>(en <span class=\"_ _0\"></span>adelante <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>\u201cPlan\u201d) <span class=\"_ _0\"></span>que<span class=\"_ _0\"></span> se<span class=\"_ _0\"></span>r\u00e1 d<span class=\"_ _0\"></span>e apli<span class=\"_ _0\"></span>caci\u00f3n <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>parte <span class=\"_ _0\"></span>del e<span class=\"_ _0\"></span>quipo <span class=\"_ _0\"></span>directivo, con <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>objetivo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>gestiona<span class=\"_ _0\"></span>r el <span class=\"_ _0\"></span>relevo <span class=\"_ _bf\"></span>y ges<span class=\"_ _0\"></span>ti\u00f3n d<span class=\"_ _0\"></span>e l<span class=\"_ _0\"></span>as <span class=\"_ _0\"></span>posiciones <span class=\"_ _0\"></span>directivas <span class=\"_ _bf\"></span>afect<span class=\"_ _1\"></span>adas <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>mis<span class=\"_ _0\"></span>mo, <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>una forma <span class=\"_ _c5\"></span>ordenada<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>y <span class=\"_ _c5\"></span>eficie<span class=\"_ _0\"></span>nte. <span class=\"_ _c5\"></span>Los <span class=\"_ _c5\"></span>directivos<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>afectados <span class=\"_ _c2\"></span>por <span class=\"_ _c5\"></span>este <span class=\"_ _c2\"></span>Plan, <span class=\"_ _c5\"></span>al <span class=\"_ _c5\"></span>alca<span class=\"_ _0\"></span>nzar <span class=\"_ _c5\"></span>la <span class=\"_ _c5\"></span>edad <span class=\"_ _c8\"></span>fij<span class=\"_ _1\"></span>ada, <span class=\"_ _c2\"></span>tendr\u00e1n derecho <span class=\"_ _c4\"></span>a <span class=\"_ _c8\"></span>percibir <span class=\"_ _c4\"></span>una <span class=\"_ _c4\"></span>cantidad <span class=\"_ _c8\"></span>equivalente <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>hasta <span class=\"_ _c4\"></span>3,5 <span class=\"_ _c8\"></span>anualidades, <span class=\"_ _c4\"></span>dependiendo<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>la <span class=\"_ _c8\"></span>categor<span class=\"_ _0\"></span>\u00ed<span class=\"_ _1\"></span>a <span class=\"_ _c4\"></span>del directivo, <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>su <span class=\"_ _c2\"></span>retribuci\u00f3n <span class=\"_ _c8\"></span>fija <span class=\"_ _c5\"></span>y <span class=\"_ _c8\"></span>variable <span class=\"_ _c2\"></span>anual <span class=\"_ _c8\"></span>que <span class=\"_ _c5\"></span>tengan <span class=\"_ _c8\"></span>en <span class=\"_ _c2\"></span>el <span class=\"_ _c2\"></span>mom<span class=\"_ _1\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>o <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>abandonar <span class=\"_ _c8\"></span>el <span class=\"_ _c5\"></span>Gr<span class=\"_ _0\"></span>upo. <span class=\"_ _c2\"></span>La participaci\u00f3n <span class=\"_ _c2\"></span>en <span class=\"_ _c5\"></span>el <span class=\"_ _c5\"></span>Plan <span class=\"_ _c2\"></span>se <span class=\"_ _c5\"> </span>encuentra <span class=\"_ _c5\"></span>sujeta <span class=\"_ _c5\"></span>al <span class=\"_ _c2\"></span>cumplimiento <span class=\"_ _c5\"></span>de <span class=\"_ _c2\"></span>determinadas <span class=\"_ _c5\"></span>condicio<span class=\"_ _0\"></span>nes <span class=\"_ _c5\"></span>y <span class=\"_ _c5\"></span>el <span class=\"_ _c2\"></span>mismo podr\u00e1 <span class=\"_ _c4\"></span>ser <span class=\"_ _1\"></span>modificado <span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>revocado <span class=\"_ _c4\"></span>por <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>Grupo <span class=\"_ _c4\"></span>en <span class=\"_ _c4\"></span>determinados<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>supuestos, <span class=\"_ _1\"></span>entre <span class=\"_ _1\"></span>los <span class=\"_ _c4\"></span>que <span class=\"_ _c4\"></span>se <span class=\"_ _1\"></span>incluye <span class=\"_ _1\"></span>una evoluci\u00f3n desfavorab<span class=\"_ _0\"></span>le de forma consecutiva<span class=\"_ _0\"></span> de los resultados del Grupo <span class=\"_ _0\"></span>(v\u00e9ase nota 16).   <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Otr<span class=\"_ _1\"></span>as provisiones <span class=\"_ _0\"></span> </span></span>El Grupo dota p<span class=\"_ _0\"></span>rovisione<span class=\"_ _0\"></span>s para hacer frente a<span class=\"_ _0\"></span> las obli<span class=\"_ _0\"></span>gaciones contra\u00eddas <span class=\"_ _0\"></span>presentes ya sean <span class=\"_ _0\"></span>legales o impl\u00ed-<span class=\"_ _29d\"> </span>citas, que <span class=\"_ _1\"></span>surjan <span class=\"_ _1\"></span>como resultado <span class=\"_ _1\"></span>de sucesos <span class=\"_ _1\"></span>pasado<span class=\"_ _0\"></span>s, <span class=\"_ _1\"></span>siempre <span class=\"_ _1\"></span>que exista <span class=\"_ _1\"></span>probabilid<span class=\"_ _0\"></span>ad <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>desprenderse de recursos <span class=\"_ _c4\"></span>para<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>hacer<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>frente <span class=\"_ _1\"></span>a <span class=\"_ _c8\"></span>dichas <span class=\"_ _1\"></span>obligaciones y <span class=\"_ _c8\"></span>que <span class=\"_ _c4\"></span>se <span class=\"_ _c4\"></span>pueda <span class=\"_ _1\"></span>realizar <span class=\"_ _1\"></span>una <span class=\"_ _c8\"></span>estimaci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>f<span class=\"_ _1\"></span>iable<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>del <span class=\"_ _c4\"></span>im<span class=\"_ _1\"></span>po<span class=\"_ _0\"></span>rte de <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>mismas. <span class=\"_ _0\"></span>Su<span class=\"_ _0\"></span> dotaci<span class=\"_ _0\"></span>\u00f3n <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>efect\u00faa<span class=\"_ _0\"></span> al <span class=\"_ _0\"></span>nacimie<span class=\"_ _0\"></span>nto <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>responsabil<span class=\"_ _0\"></span>idad <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>obliga<span class=\"_ _0\"></span>ci\u00f3n. Asimi<span class=\"_ _0\"></span>smo, <span class=\"_ _0\"></span>para aquellos <span class=\"_ _0\"></span>procedimientos que so<span class=\"_ _0\"></span>n valorados con u<span class=\"_ _0\"></span>na probabili<span class=\"_ _0\"></span>dad de ocurren<span class=\"_ _0\"></span>cia inferior al 50%<span class=\"_ _0\"></span>, no se reali<span class=\"_ _0\"></span>za provisi\u00f3n al considera<span class=\"_ _0\"></span>r que, la futura resoluci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>estos proced<span class=\"_ _0\"></span>imientos ser\u00e1 favorable.<span class=\"_ _0\"></span>  Las provisiones se valoran por el valor actual d<span class=\"_ _0\"></span>e los desembolsos que se espera que ser\u00e1n necesa<span class=\"_ _0\"></span>rios para liquida<span class=\"_ _0\"></span>r <span class=\"_ _c2\"></span>la <span class=\"_ _c8\"></span>obligaci\u00f3n <span class=\"_ _c4\"></span>usando <span class=\"_ _c8\"></span>una <span class=\"_ _c8\"></span>tasa <span class=\"_ _c4\"></span>libre <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>riesgo <span class=\"_ _c8\"></span>antes <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>impuestos, <span class=\"_ _c4\"></span>que <span class=\"_ _c8\"></span>refleje <span class=\"_ _c8\"></span>las <span class=\"_ _c8\"></span>evalua<span class=\"_ _0\"></span>ciones <span class=\"_ _c8\"></span>del valor temporal del <span class=\"_ _1\"></span>dinero actualizado. El incremento en <span class=\"_ _1\"></span>la provisi\u00f3n con motivo <span class=\"_ _1\"></span>del paso del tiempo <span class=\"_ _1\"></span>se reco-<span class=\"_ _29d\"> </span>noce como gasto finan<span class=\"_ _0\"></span>ciero en la Cuenta de resu<span class=\"_ _0\"></span>ltados consolidada. n) <span class=\"_ _ca\"> </span>Transacciones en <span class=\"_ _0\"></span>moneda distinta del euro<span class=\"ff3 fc1\"> <span class=\"_ _0\"></span> </span> <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Transacciones en moneda extran<span class=\"_ _0\"></span>jera  </span></span>Las <span class=\"_ _0\"></span>transaccion<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>neda <span class=\"_ _0\"></span>extranjera <span class=\"_ _0\"></span>son<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>convertidas <span class=\"_ _0\"></span>a <span class=\"_ _bf\"></span>la <span class=\"_ _0\"></span>moneda <span class=\"_ _bf\"></span>funcional <span class=\"_ _0\"></span>respectiva <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>ciedades del <span class=\"_ _1\"></span>G<span class=\"_ _1\"></span>rupo <span class=\"_ _1\"></span>en <span class=\"_ _c4\"></span>las <span class=\"_ _1\"></span>fechas <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>las <span class=\"_ _1\"></span>transacciones. <span class=\"_ _1\"></span>Los <span class=\"_ _c4\"></span>activos <span class=\"_ _1\"></span>y <span class=\"_ _c4\"></span>pasivos <span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>on<span class=\"_ _0\"></span>etarios <span class=\"_ _c4\"></span>denominados <span class=\"_ _1\"></span>en <span class=\"_ _c4\"></span>monedas<span class=\"_ _0\"></span> extranjeras <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>fecha <span class=\"_ _1\"></span>de presentaci\u00f3n <span class=\"_ _1\"></span>son r<span class=\"_ _1\"></span>econ<span class=\"_ _0\"></span>vertidos <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>moneda <span class=\"_ _1\"></span>funcion<span class=\"_ _0\"></span>al <span class=\"_ _1\"></span>a <span class=\"_ _c4\"></span>la <span class=\"_ _1\"></span>tasa <span class=\"_ _1\"></span>de cambio <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>esa fecha. Durante el ejercicio, las diferenci<span class=\"_ _0\"></span>as que se producen entre el tipo de cambio contabili<span class=\"_ _0\"></span>zado y el que se encuentra <span class=\"_ _c4\"></span>en <span class=\"_ _c4\"></span>vigor <span class=\"_ _c8\"></span>a <span class=\"_ _c4\"></span>la <span class=\"_ _c8\"></span>fecha <span class=\"_ _c4\"></span>del <span class=\"_ _c8\"></span>cobro <span class=\"_ _c4\"></span>o <span class=\"_ _c8\"></span>pago, <span class=\"_ _1\"></span>se <span class=\"_ _c8\"></span>r<span class=\"_ _1\"></span>egistran<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>con <span class=\"_ _c4\"></span>cargo <span class=\"_ _c8\"></span>o <span class=\"_ _c4\"></span>abono <span class=\"_ _c8\"></span>a <span class=\"_ _c4\"></span>la <span class=\"_ _c8\"></span>Cuenta <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>resultados consolidad<span class=\"_ _0\"></span>a.<span class=\"_ _29d\"> </span>Asimismo, <span class=\"_ _1\"></span>la <span class=\"_ _c4\"></span>conversi\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>los <span class=\"_ _c4\"></span>valores <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>renta <span class=\"_ _1\"></span>fij<span class=\"_ _1\"></span>a, <span class=\"_ _1\"></span>as\u00ed<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>como <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>los <span class=\"_ _c4\"></span>cr\u00e9ditos <span class=\"_ _c4\"></span>y <span class=\"_ _c4\"></span>d\u00e9bitos <span class=\"_ _c4\"></span>en <span class=\"_ _1\"></span>moneda <span class=\"_ _1\"></span>distinta del euro<span class=\"_ _0\"></span> a 31<span class=\"_ _0\"></span> de d<span class=\"_ _0\"></span>iciembre de<span class=\"_ _0\"></span> cada<span class=\"_ _0\"></span> a\u00f1o se<span class=\"_ _0\"></span> realizan <span class=\"_ _0\"></span>al tipo<span class=\"_ _0\"></span> de ca<span class=\"_ _0\"></span>mbio de ci<span class=\"_ _0\"></span>erre. L<span class=\"_ _0\"></span>as diferencia<span class=\"_ _0\"></span>s de <span class=\"_ _0\"></span>valoraci\u00f3n producidas <span class=\"_ _c8\"></span>se <span class=\"_ _c2\"></span>registran <span class=\"_ _c8\"></span>con <span class=\"_ _c2\"></span>carg<span class=\"_ _1\"></span>o <span class=\"_ _c8\"></span>o <span class=\"_ _c2\"></span>abono <span class=\"_ _c2\"></span>al <span class=\"_ _c2\"></span>ep\u00edgrafe <span class=\"_ _c2\"></span>Diferencias <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>cambio <span class=\"_ _c8\"></span>de <span class=\"_ _c5\"></span>la<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>Cuenta <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>resultados consolidad<span class=\"_ _0\"></span>a, <span class=\"_ _1\"></span>seg\u00fan sea su<span class=\"_ _0\"></span> signo.   Aquellas operaciones <span class=\"_ _1\"></span>reali<span class=\"_ _0\"></span>zadas <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>moneda <span class=\"_ _1\"></span>extranjera <span class=\"_ _1\"></span>en las <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>Grupo ha <span class=\"_ _1\"></span>decidido m<span class=\"_ _1\"></span>itigar el <span class=\"_ _1\"></span>riesgo <span class=\"_ _1\"></span>de tipo <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>cambio <span class=\"_ _c4\"></span>mediante <span class=\"_ _1\"></span>la <span class=\"_ _c4\"></span>contrataci\u00f3n <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>instrumentos <span class=\"_ _c4\"></span>financieros <span class=\"_ _1\"></span>derivados <span class=\"_ _c4\"></span>u <span class=\"_ _c4\"></span>otros <span class=\"_ _c4\"></span>instrumentos <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>co-<span class=\"_ _29d\"> </span>bertura <span class=\"_ _c4\"></span>se <span class=\"_ _c8\"></span>registran <span class=\"_ _c4\"></span>seg\u00fan <span class=\"_ _c4\"></span>los <span class=\"_ _c8\"></span>principios <span class=\"_ _c4\"></span>descritos <span class=\"_ _c4\"></span>en <span class=\"_ _c4\"></span>Instrumentos <span class=\"_ _c8\"></span>financie<span class=\"_ _0\"></span>ros <span class=\"_ _c8\"></span>derivados <span class=\"_ _c4\"></span>y <span class=\"_ _c8\"></span>operacion<span class=\"_ _0\"></span>es <span class=\"_ _c8\"></span>de cobertura.   <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Oper<span class=\"_ _1\"></span>aciones<span class=\"_ _0\"></span> en <span class=\"_ _1\"></span>el ext<span class=\"_ _0\"></span>ranjero  </span></span>Los activos y pasivos de las operaciones en el extranjero se convierten a euros usando las tasas de cambio a <span class=\"_ _c2\"></span>la <span class=\"_ _c8\"></span>f<span class=\"_ _1\"></span>echa <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>presentaci<span class=\"_ _0\"></span>\u00f3n. <span class=\"_ _c2\"></span>Los <span class=\"_ _c2\"></span>ingresos <span class=\"_ _c8\"></span>y <span class=\"_ _c2\"></span>gastos <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>los <span class=\"_ _c2\"></span>negocios <span class=\"_ _c8\"></span>en <span class=\"_ _c2\"></span>el <span class=\"_ _c2\"></span>extranjero <span class=\"_ _c2\"></span>se <span class=\"_ _c2\"></span>convierte<span class=\"_ _0\"></span>n <span class=\"_ _c2\"></span>a <span class=\"_ _c2\"></span>euros usando las tasas<span class=\"_ _0\"></span> de cambio a las fechas de la<span class=\"_ _0\"></span>s transacciones.  Las <span class=\"_ _1\"></span>diferencias <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>conversi\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>oneda <span class=\"_ _1\"></span>extranjera <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>econocen <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>Otro <span class=\"_ _1\"></span>resultado <span class=\"_ _c4\"></span>global <span class=\"_ _1\"></span>y <span class=\"_ _c4\"></span>se pr<span class=\"_ _1\"></span>esentan dentro del Patrimonio<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>ne<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>o. o) <span class=\"_ _ca\"> </span>Instrumentos financier<span class=\"_ _0\"></span>os derivados y operacion<span class=\"_ _0\"></span>es de cobertura<span class=\"ff3 fc1\">  </span>El <span class=\"_ _0\"></span>Grupo mantie<span class=\"_ _0\"></span>ne ins<span class=\"_ _0\"></span>trumentos fina<span class=\"_ _0\"></span>ncieros de<span class=\"_ _0\"></span>rivados <span class=\"_ _0\"></span>para cub<span class=\"_ _0\"></span>rir la <span class=\"_ _0\"></span>exposici<span class=\"_ _0\"></span>\u00f3n de<span class=\"_ _0\"></span> riesgo <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>moneda <span class=\"_ _0\"></span>extran-<span class=\"_ _29d\"> </span>jera <span class=\"_ _c2\"></span>y <span class=\"_ _c5\"></span>tasa <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>inter\u00e9s. <span class=\"_ _c2\"></span>El <span class=\"_ _c2\"></span>Grupo <span class=\"_ _c5\"></span>designa <span class=\"_ _c2\"></span>ciertos <span class=\"_ _c8\"></span>derivados <span class=\"_ _c2\"></span>como <span class=\"_ _c5\"></span>instrumentos <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>cobertura <span class=\"_ _c2\"></span>para <span class=\"_ _c5\"></span>cubrir <span class=\"_ _c2\"></span>la variabilidad<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>en <span class=\"_ _c8\"></span>los <span class=\"_ _c8\"></span>flujos <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>efectivo <span class=\"_ _c4\"></span>asociados <span class=\"_ _c8\"></span>con <span class=\"_ _c4\"></span>transacciones <span class=\"_ _c8\"></span>prevista<span class=\"_ _0\"></span>s <span class=\"_ _c8\"></span>altamente <span class=\"_ _c8\"></span>probables <span class=\"_ _c4\"></span>derivadas<span class=\"_ _0\"></span> de cambios en las<span class=\"_ _0\"></span> tasas de inter\u00e9s y tipo de ca<span class=\"_ _0\"></span>mbio.   Al <span class=\"_ _1\"></span>inicio <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>la <span class=\"_ _1\"></span>cobertura, <span class=\"_ _1\"></span>el <span class=\"_ _c4\"></span>Grupo <span class=\"_ _1\"></span>designa <span class=\"_ _1\"></span>y <span class=\"_ _c4\"></span>documenta <span class=\"_ _1\"></span>formalmente<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>las <span class=\"_ _1\"></span>relaciones <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>cobertura, as\u00ed <span class=\"_ _c4\"></span>como el objetivo y la estrategia<span class=\"_ _0\"></span> que asume con respec<span class=\"_ _0\"></span>to a las mismas.   La <span class=\"_ _0\"></span>contabilizaci\u00f3<span class=\"_ _0\"></span>n de <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>operaciones <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>cobertura <span class=\"_ _0\"></span>s\u00f3lo <span class=\"_ _0\"></span>resulta <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>aplicaci\u00f3n<span class=\"_ _0\"></span> cuando <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>espera<span class=\"_ _0\"></span> qu<span class=\"_ _0\"></span>e la <span class=\"_ _0\"></span>cober-<span class=\"_ _29d\"> </span>tura <span class=\"_ _0\"></span>sea alta<span class=\"_ _0\"></span>mente e<span class=\"_ _0\"></span>ficaz <span class=\"_ _0\"></span>al inici<span class=\"_ _0\"></span>o de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>cobertura <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>los e<span class=\"_ _0\"></span>jercicios si<span class=\"_ _0\"></span>guientes<span class=\"_ _0\"></span> para <span class=\"_ _0\"></span>conseguir <span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>pensar lo<span class=\"_ _0\"></span>s cambios <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el valo<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>razonable <span class=\"_ _0\"></span>o e<span class=\"_ _0\"></span>n lo<span class=\"_ _0\"></span>s flujos<span class=\"_ _0\"></span> de <span class=\"_ _0\"></span>efectivo <span class=\"_ _0\"></span>atribuib<span class=\"_ _0\"></span>les al<span class=\"_ _0\"></span> riesg<span class=\"_ _0\"></span>o cubierto,<span class=\"_ _0\"></span> du<span class=\"_ _0\"></span>rante el<span class=\"_ _0\"></span> pe<span class=\"_ _0\"></span>riodo p<span class=\"_ _0\"></span>ara el que se ha designado<span class=\"_ _0\"></span> la misma.  Los instrumen<span class=\"_ _0\"></span>tos financi<span class=\"_ _0\"></span>eros derivados<span class=\"_ _0\"></span> se regist<span class=\"_ _0\"></span>ran inicialme<span class=\"_ _0\"></span>nte a su<span class=\"_ _0\"></span> valor <span class=\"_ _0\"></span>razonable en<span class=\"_ _0\"></span> la fecha<span class=\"_ _0\"></span> de con<span class=\"_ _0\"></span>trato (coste <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>adquisici\u00f3n) en <span class=\"_ _c4\"></span>el <span class=\"_ _1\"></span>Estado <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>situaci\u00f3n financiera <span class=\"_ _1\"></span>consolidado <span class=\"_ _1\"></span>y post<span class=\"_ _1\"></span>eriormen<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>se r<span class=\"_ _1\"></span>ealizan las <span class=\"_ _c4\"></span>co-<span class=\"_ _29d\"> </span>rrecciones valo<span class=\"_ _0\"></span>rativas ne<span class=\"_ _0\"></span>cesarias pa<span class=\"_ _0\"></span>ra reflejar <span class=\"_ _0\"></span>su valor <span class=\"_ _0\"></span>razonable en<span class=\"_ _0\"></span> cada <span class=\"_ _0\"></span>momento. El<span class=\"_ _0\"></span> m\u00e9todo<span class=\"_ _0\"></span> para reco<span class=\"_ _0\"></span>no-<span class=\"_ _29d\"> </span>cer <span class=\"_ _c2\"></span>la <span class=\"_ _c2\"></span>p\u00e9rdida <span class=\"_ _c8\"></span>o <span class=\"_ _c5\"></span>ganan<span class=\"_ _0\"></span>cia <span class=\"_ _c2\"></span>resultante <span class=\"_ _c2\"></span>depende <span class=\"_ _c2\"></span>de <span class=\"_ _c8\"></span>si <span class=\"_ _c2\"></span>el <span class=\"_ _c5\"></span>derivado<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>se <span class=\"_ _c2\"></span>ha <span class=\"_ _c2\"></span>designado <span class=\"_ _c8\"></span>como <span class=\"_ _c2\"></span>un <span class=\"_ _c2\"></span>instrumento <span class=\"_ _c8\"></span>de cobertura y, si es as\u00ed<span class=\"_ _0\"></span>, de la naturaleza de la parti<span class=\"_ _0\"></span>da que est\u00e1 cubriendo.   Cuando un <span class=\"_ _1\"></span>instrumento de cobertura vence <span class=\"_ _1\"></span>o se vende, <span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>cuando no <span class=\"_ _1\"></span>cump<span class=\"_ _0\"></span>le <span class=\"_ _1\"></span>los requisitos exigidos <span class=\"_ _1\"></span>para su contabilizaci\u00f3n<span class=\"_ _0\"></span> como c<span class=\"_ _1\"></span>obertura, cu<span class=\"_ _0\"></span>alquier ganancia o p\u00e9rdida acu<span class=\"_ _0\"></span>mulada hasta ese <span class=\"_ _0\"></span>momento en el Patrimo-<span class=\"_ _29d\"> </span>nio <span class=\"_ _1\"></span>neto <span class=\"_ _1\"></span>permanece en <span class=\"_ _c4\"></span>el <span class=\"_ _1\"></span>Patrimonio <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>dicha <span class=\"_ _1\"></span>ganancia<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>o <span class=\"_ _1\"></span>p\u00e9rdida <span class=\"_ _1\"></span>acumula<span class=\"_ _0\"></span>da <span class=\"_ _c4\"></span>se r<span class=\"_ _1\"></span>egistra inmediatamente <span class=\"_ _1\"></span>en la <span class=\"_ _c2\"></span>Cuenta <span class=\"_ _c2\"></span>de <span class=\"_ _c8\"></span>r<span class=\"_ _1\"></span>esultados <span class=\"_ _c8\"></span>consolidada <span class=\"_ _c2\"></span>en <span class=\"_ _c2\"></span>la <span class=\"_ _c8\"></span>m<span class=\"_ _1\"></span>edida <span class=\"_ _c8\"></span>que <span class=\"_ _c2\"></span>se <span class=\"_ _c5\"></span>produce<span class=\"_ _0\"></span>n <span class=\"_ _c2\"></span>los <span class=\"_ _c2\"></span>cambios <span class=\"_ _c2\"></span>en <span class=\"_ _c2\"></span>los <span class=\"_ _c8\"></span>fluj<span class=\"_ _1\"></span>os <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>caja <span class=\"_ _c8\"></span>d<span class=\"_ _1\"></span>el<span class=\"_ _0\"></span> elemento <span class=\"_ _c2\"></span>cubierto. <span class=\"_ _c8\"></span>Asimismo, <span class=\"_ _c2\"></span>se <span class=\"_ _c2\"></span>reconoce <span class=\"_ _c2\"></span>en <span class=\"_ _c8\"></span>la <span class=\"_ _c2\"></span>Cuenta <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>resultados <span class=\"_ _c8\"></span>consolidada <span class=\"_ _c8\"></span>la <span class=\"_ _c5\"></span>ganancia <span class=\"_ _c8\"></span>o <span class=\"_ _c2\"></span>p\u00e9rdida acumulada en el Pat<span class=\"_ _0\"></span>rimonio neto cuando se espe<span class=\"_ _0\"></span>ra que la transacci\u00f3n<span class=\"_ _0\"></span> prevista no se vaya a produci<span class=\"_ _0\"></span>r.  El <span class=\"_ _c4\"></span>Grupo <span class=\"_ _c8\"></span>reconoce<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>en <span class=\"_ _c8\"></span>Otro <span class=\"_ _c4\"></span>resultado <span class=\"_ _c4\"></span>global <span class=\"_ _c4\"></span>las <span class=\"_ _c8\"></span>p\u00e9rdidas <span class=\"_ _c4\"></span>o <span class=\"_ _c4\"></span>ganancias <span class=\"_ _c4\"></span>procedentes <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>valoraci\u00f3n <span class=\"_ _c4\"></span>a <span class=\"_ _c4\"></span>valor razonable <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>instru<span class=\"_ _0\"></span>mento <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>cobertura <span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>corresponden <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>a pa<span class=\"_ _0\"></span>rte <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>haya <span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>ntificado <span class=\"_ _0\"></span>como <span class=\"_ _0\"></span>cobe<span class=\"_ _0\"></span>rtura eficaz. La <span class=\"_ _1\"></span>parte de <span class=\"_ _1\"></span>la cobertura <span class=\"_ _1\"></span>que se considera <span class=\"_ _1\"></span>ineficaz<span class=\"_ _0\"></span>, <span class=\"_ _1\"></span>as\u00ed <span class=\"_ _1\"></span>como el componente espec\u00edfico <span class=\"_ _1\"></span>de la <span class=\"_ _1\"></span>p\u00e9rdida o ganancia<span class=\"_ _0\"></span> o flu<span class=\"_ _0\"></span>jos de <span class=\"_ _0\"></span>efectivo rela<span class=\"_ _0\"></span>cionados con<span class=\"_ _0\"></span> el <span class=\"_ _0\"></span>instrumento <span class=\"_ _0\"></span>de cobert<span class=\"_ _0\"></span>ura, excluidos<span class=\"_ _0\"></span> de la<span class=\"_ _0\"></span> valora<span class=\"_ _0\"></span>ci\u00f3n de l<span class=\"_ _0\"></span>a eficacia de la cobertura<span class=\"_ _0\"></span>, se reconocen con cargo<span class=\"_ _0\"></span> o abono a cuentas de<span class=\"_ _0\"></span> gastos o ingresos financieros. <span class=\"_ _0\"></span> El <span class=\"_ _1\"></span>componente <span class=\"_ _1\"></span>separado <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>Otro <span class=\"_ _1\"></span>resultado <span class=\"_ _1\"></span>global <span class=\"_ _1\"></span>asociado <span class=\"_ _1\"></span>con <span class=\"_ _c4\"></span>la <span class=\"_ _1\"></span>partida <span class=\"_ _1\"></span>cubierta <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>ajusta <span class=\"_ _c4\"></span>al menor <span class=\"_ _c4\"></span>valor<span class=\"_ _0\"></span> del resultado<span class=\"_ _0\"></span> acumulado <span class=\"_ _0\"></span>del instrume<span class=\"_ _0\"></span>nto de co<span class=\"_ _0\"></span>bertura desde <span class=\"_ _0\"></span>el ini<span class=\"_ _0\"></span>cio de la <span class=\"_ _0\"></span>misma o al<span class=\"_ _0\"></span> cambio <span class=\"_ _0\"></span>acumula<span class=\"_ _0\"></span>do en el <span class=\"_ _c4\"></span>valor <span class=\"_ _c8\"></span>razonable <span class=\"_ _c4\"></span>o <span class=\"_ _c8\"></span>valor <span class=\"_ _c4\"></span>actual <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>los <span class=\"_ _c8\"></span>flujos <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>efectivo <span class=\"_ _c4\"></span>futur<span class=\"_ _1\"></span>os <span class=\"_ _c4\"></span>esperados <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>la <span class=\"_ _c8\"></span>partida<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>cubierta <span class=\"_ _c4\"></span>desde <span class=\"_ _c8\"></span>el inicio de la cobertura. No obstante<span class=\"_ _0\"></span>, <span class=\"_ _1\"></span>si el Grupo no espera que la <span class=\"_ _0\"></span>totalidad o parte de una p\u00e9rdida recon<span class=\"_ _0\"></span>ocida en <span class=\"_ _c2\"></span>Otro <span class=\"_ _c2\"></span>r<span class=\"_ _1\"></span>esultado <span class=\"_ _c2\"></span>global <span class=\"_ _c2\"></span>va <span class=\"_ _c5\"></span>a <span class=\"_ _c2\"></span>ser <span class=\"_ _c2\"></span>recuperada <span class=\"_ _c2\"></span>en <span class=\"_ _c2\"></span>uno <span class=\"_ _c5\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>m\u00e1s <span class=\"_ _c2\"></span>ejercicios <span class=\"_ _c8\"></span>f<span class=\"_ _1\"></span>uturos, <span class=\"_ _c2\"></span>el <span class=\"_ _c5\"></span>imp<span class=\"_ _0\"></span>orte <span class=\"_ _c5\"></span>que <span class=\"_ _c8\"></span>no <span class=\"_ _c5\"></span>se <span class=\"_ _c2\"></span>va <span class=\"_ _c2\"></span>a recuperar se recla<span class=\"_ _0\"></span>sifica a resultados como ing<span class=\"_ _0\"></span>resos o gastos financie<span class=\"_ _0\"></span>ros.  El valor razonable de<span class=\"_ _0\"></span> los instrumen<span class=\"_ _0\"></span>tos financieros derivados u<span class=\"_ _0\"></span>tilizados a efectos<span class=\"_ _0\"></span> de cobertura se muestra e<span class=\"_ _0\"></span>n la nota 20. Los movimien<span class=\"_ _0\"></span>tos dentro del Patrimonio<span class=\"_ _0\"></span> neto se muestran en la <span class=\"_ _0\"></span>nota 14.<span class=\"_ _29d\"> </span>p) <span class=\"_ _ca\"> </span>Medici\u00f3n a valor razon<span class=\"_ _0\"></span>able<span class=\"ff3 fc1\">  </span>El <span class=\"_ _1\"></span>valor <span class=\"_ _1\"></span>razonable <span class=\"_ _1\"></span>es <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>precio <span class=\"_ _c4\"></span>que <span class=\"_ _1\"></span>ser\u00eda <span class=\"_ _1\"></span>recibido por <span class=\"_ _1\"></span>vender <span class=\"_ _1\"></span>un <span class=\"_ _c4\"></span>activo <span class=\"_ _1\"></span>o pagado <span class=\"_ _1\"></span>por <span class=\"_ _c4\"></span>transferir <span class=\"_ _1\"></span>un pasivo <span class=\"_ _1\"></span>en una <span class=\"_ _1\"></span>transacci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>ordenad<span class=\"_ _0\"></span>a <span class=\"_ _1\"></span>entre <span class=\"_ _1\"></span>participantes<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>del mer<span class=\"_ _1\"></span>cado en <span class=\"_ _1\"></span>la fecha <span class=\"_ _1\"></span>de medici\u00f3n, independientemente de si ese precio es directa<span class=\"_ _0\"></span>mente observable o esti<span class=\"_ _0\"></span>mado utilizando otra t\u00e9cnic<span class=\"_ _0\"></span>a de valoraci\u00f3n.  Las <span class=\"_ _0\"></span>valoraciones <span class=\"_ _0\"></span>a va<span class=\"_ _0\"></span>lor <span class=\"_ _0\"></span>razonable, <span class=\"_ _0\"></span>de lo<span class=\"_ _0\"></span>s ac<span class=\"_ _0\"></span>tivos y<span class=\"_ _0\"></span> pasivo<span class=\"_ _0\"></span>s financie<span class=\"_ _0\"></span>ros, <span class=\"_ _0\"></span>se clasific<span class=\"_ _0\"></span>an u<span class=\"_ _0\"></span>tilizando <span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>jerarqu\u00eda que <span class=\"_ _c2\"></span>refleja <span class=\"_ _c5\"></span>la<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>relevancia<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>de <span class=\"_ _c2\"></span>las <span class=\"_ _c2\"></span>variables <span class=\"_ _c2\"></span>utilizadas <span class=\"_ _c2\"></span>para <span class=\"_ _c2\"></span>llevar <span class=\"_ _c5\"></span>a <span class=\"_ _c8\"></span>cabo <span class=\"_ _c5\"></span>dichas <span class=\"_ _c2\"></span>valoraciones<span class=\"_ _0\"></span>. <span class=\"_ _c5\"></span>Esta <span class=\"_ _c2\"></span>jerarqu\u00eda consta de tres nivele<span class=\"_ _0\"></span>s:   <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Nivel 1: <span class=\"_ _0\"></span>Valoraciones <span class=\"_ _0\"></span>basada<span class=\"_ _0\"></span>s en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>precio <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>cotizaci\u00f3n <span class=\"_ _0\"></span>de in<span class=\"_ _0\"></span>strumentos <span class=\"_ _0\"></span>id\u00e9nticos <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>mercado <span class=\"_ _0\"></span>activo.  </span></span> <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Nivel 2: <span class=\"_ _1\"></span>Valoracio<span class=\"_ _0\"></span>nes basadas en variables que<span class=\"_ _0\"></span> sean observables para<span class=\"_ _0\"></span> el activo o pasivo. <span class=\"_ _0\"></span> </span></span> <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Nivel 3: Valoracione<span class=\"_ _0\"></span>s basadas en varia<span class=\"_ _0\"></span>bles que no<span class=\"_ _0\"></span> est\u00e9n sustentadas e<span class=\"_ _0\"></span>n datos de <span class=\"_ _0\"></span>mercado observ<span class=\"_ _0\"></span>ables.  </span></span>Si no existe un precio co<span class=\"_ _0\"></span>tizado en un mercado ac<span class=\"_ _0\"></span>tivo, el Grupo usa t\u00e9cnicas de valora<span class=\"_ _0\"></span>ci\u00f3n que maximiz<span class=\"_ _0\"></span>an el uso <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>datos <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span> ent<span class=\"_ _0\"></span>rada <span class=\"_ _0\"></span>observables <span class=\"_ _bf\"></span>r<span class=\"_ _1\"></span>elevantes <span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> minimi<span class=\"_ _0\"></span>zan <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>uso <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>datos <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>entrada n<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>observa<span class=\"_ _0\"></span>bles. <span class=\"_ _0\"></span>M\u00e1s concretamen<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>e y<span class=\"_ _0\"></span> para lo<span class=\"_ _0\"></span>s diferentes <span class=\"_ _0\"></span>instrumentos <span class=\"_ _0\"></span>financieros derivado<span class=\"_ _0\"></span>s no n<span class=\"_ _0\"></span>egociables en<span class=\"_ _0\"></span> mercados <span class=\"_ _0\"></span>organi-<span class=\"_ _29d\"> </span>zados, <span class=\"_ _c0\"> </span>el <span class=\"_ _c0\"> </span>Grupo <span class=\"_ _c9\"> </span>estable<span class=\"_ _0\"></span>ce <span class=\"_ _c0\"> </span>el <span class=\"_ _c9\"> </span>valor <span class=\"_ _c0\"> </span>razonable <span class=\"_ _c0\"> </span>empleando <span class=\"_ _c0\"> </span>t\u00e9cnicas <span class=\"_ _c0\"> </span>de <span class=\"_ _c0\"> </span>valoraci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _c9\"> </span>que <span class=\"_ _c0\"> </span>incluyen <span class=\"_ _c0\"> </span>el <span class=\"_ _c0\"> </span>uso <span class=\"_ _c9\"> </span>de transacciones <span class=\"_ _c4\"></span>libres <span class=\"_ _c4\"></span>recientes <span class=\"_ _c8\"></span>entre <span class=\"_ _c4\"></span>partes <span class=\"_ _c8\"></span>interesa<span class=\"_ _0\"></span>das <span class=\"_ _c8\"></span>y <span class=\"_ _c8\"></span>debidamente<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>informadas, <span class=\"_ _c4\"></span>referidas <span class=\"_ _c4\"></span>a <span class=\"_ _c8\"></span>otros <span class=\"_ _c4\"></span>instru-<span class=\"_ _29d\"> </span>mentos <span class=\"_ _c5\"></span>sustancialmen<span class=\"_ _0\"></span>te <span class=\"_ _c5\"></span>iguales, <span class=\"_ _c5\"></span>el <span class=\"_ _c2\"></span>an\u00e1lisis <span class=\"_ _c5\"> </span>de <span class=\"_ _c5\"></span>flujos <span class=\"_ _c5\"></span>de <span class=\"_ _c5\"></span>efectivo <span class=\"_ _c5\"></span>descon<span class=\"_ _0\"></span>tados <span class=\"_ _c5\"> </span>a <span class=\"_ _c5\"></span>los <span class=\"_ _c5\"></span>tipos <span class=\"_ _c5\"></span>de <span class=\"_ _c5\"></span>inter\u00e9s <span class=\"_ _c5\"></span>y <span class=\"_ _c5\"></span>de cambio de mercado vigentes a <span class=\"_ _1\"></span>la fecha de presentaci\u00f3n y m<span class=\"_ _1\"></span>odelos<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>de fijaci\u00f3n de pr<span class=\"_ _1\"></span>ecios de opciones mejo-<span class=\"_ _29d\"> </span>rados para reflejar las cir<span class=\"_ _0\"></span>cunstancias concretas<span class=\"_ _0\"></span> del emisor. q) <span class=\"_ _ca\"> </span>Acreedores comercia<span class=\"_ _0\"></span>les<span class=\"ff3 fc1\">  </span>Los <span class=\"_ _c2\"></span>acreedores <span class=\"_ _c2\"></span>se <span class=\"_ _c2\"></span>reconocen <span class=\"_ _c2\"></span>inicialmente <span class=\"_ _c2\"></span>a <span class=\"_ _c2\"></span>su <span class=\"_ _c2\"></span>valor <span class=\"_ _c2\"></span>razonable <span class=\"_ _c2\"></span>y <span class=\"_ _c2\"></span>posteriormente <span class=\"_ _c2\"></span>se <span class=\"_ _c2\"></span>valoran <span class=\"_ _c2\"></span>por <span class=\"_ _c2\"></span>su <span class=\"_ _c2\"></span>coste amortizado utili<span class=\"_ _0\"></span>zando el m\u00e9<span class=\"_ _0\"></span>todo del tipo <span class=\"_ _0\"></span>de inter\u00e9<span class=\"_ _0\"></span>s efectivo. Los <span class=\"_ _0\"></span>acreedores con <span class=\"_ _0\"></span>vencimiento infe<span class=\"_ _0\"></span>rior al a<span class=\"_ _0\"></span>\u00f1o y que no tengan un tipo de <span class=\"_ _1\"></span>inter\u00e9s contrac<span class=\"_ _0\"></span>tual, cuyo <span class=\"_ _1\"></span>importe se espera<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>pagar en el corto plazo, se valoran por su valor nominal.<span class=\"ff6 fsd fc0\"> </span><span class=\"ff6 fsd fc0\"><span class=\"_ _0\"></span> </span>r) <span class=\"_ _d9\"> </span>Ingresos y gastos<span class=\"ff3 fc1\">  </span>Los ingresos ordinarios se registran al valor razonable de las contraprestaciones recibidas<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>o por recibir deri-<span class=\"_ _29d\"> </span>vados <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>los <span class=\"_ _c8\"></span>mismos. <span class=\"_ _c8\"></span>Los <span class=\"_ _c8\"></span>ingr<span class=\"_ _1\"></span>esos<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>ordinarios <span class=\"_ _c8\"></span>se <span class=\"_ _c8\"></span>r<span class=\"_ _1\"></span>econocen<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>seg\u00fan <span class=\"_ _c8\"></span>el <span class=\"_ _c2\"></span>patr\u00f3n <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>transferencia <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>bienes <span class=\"_ _c2\"></span>y servicios a <span class=\"_ _c4\"></span>los clientes por <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>importe que <span class=\"_ _1\"></span>refleja <span class=\"_ _1\"></span>la contraprestaci\u00f3n <span class=\"_ _1\"></span>que la <span class=\"_ _1\"></span>entidad <span class=\"_ _1\"></span>espera tener <span class=\"_ _1\"></span>derecho a cambio de dichos bie<span class=\"_ _0\"></span>nes y servicios.   La <span class=\"_ _bf\"></span>m<span class=\"_ _1\"></span>ayor <span class=\"_ _bf\"></span>parte <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>los <span class=\"_ _bf\"></span>ingresos <span class=\"_ _bf\"></span>ordinarios <span class=\"_ _0\"></span>del <span class=\"_ _bf\"></span>Grup<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>correspond<span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>a <span class=\"_ _bf\"></span>los <span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>resos <span class=\"_ _0\"></span>regulad<span class=\"_ _0\"></span>os <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>las <span class=\"_ _bf\"></span>actividades<span class=\"_ _0\"></span> de <span class=\"_ _1\"></span>transporte y <span class=\"_ _1\"></span>operaci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>sistema en <span class=\"_ _1\"></span>Espa\u00f1a<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>(v\u00e9ase <span class=\"_ _1\"></span>notas 3, <span class=\"_ _1\"></span>24 y <span class=\"_ _1\"></span>28). <span class=\"_ _1\"></span>La filial del <span class=\"_ _1\"></span>Grupo, <span class=\"_ _1\"></span>Red<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>El\u00e9ctrica de <span class=\"_ _bf\"></span>Espa\u00f1a, <span class=\"_ _0\"></span>S.A.U. <span class=\"_ _bf\"></span>(Red <span class=\"_ _0\"></span>El\u00e9<span class=\"_ _0\"></span>ctrica), <span class=\"_ _0\"></span>es <span class=\"_ _bf\"></span>la <span class=\"_ _0\"></span>compa\u00f1\u00ed<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>designada<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>para <span class=\"_ _bf\"></span>llevar <span class=\"_ _0\"></span>a <span class=\"_ _bf\"></span>cabo, <span class=\"_ _0\"></span>en <span class=\"_ _bf\"></span>exclusiva, <span class=\"_ _bf\"></span>las <span class=\"_ _0\"></span>actividad<span class=\"_ _0\"></span>es de <span class=\"_ _1\"></span>transporte <span class=\"_ _1\"></span>el\u00e9ctrico y <span class=\"_ _1\"></span>operaci\u00f3n <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>sistema,<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>ambas actividades reguladas <span class=\"_ _1\"></span>por <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>Ley <span class=\"_ _1\"></span>24/2013 <span class=\"_ _1\"></span>del Sect<span class=\"_ _1\"></span>o<span class=\"_ _0\"></span>r El\u00e9ctrico. En dicha<span class=\"_ _0\"></span> norma, desarrollada p<span class=\"_ _0\"></span>osteriormente a t<span class=\"_ _0\"></span>rav\u00e9s del Real Decreto 104<span class=\"_ _0\"></span>7/2013 y por la<span class=\"_ _0\"></span>s Circu-<span class=\"_ _29d\"> </span>lares <span class=\"_ _bf\"></span>aprobadas <span class=\"_ _bf\"></span>en <span class=\"_ _bf\"></span>2019 <span class=\"_ _bf\"></span>por <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>CN<span class=\"_ _0\"></span>MC, <span class=\"_ _0\"></span>\u00e9sta <span class=\"_ _bf\"></span>estable<span class=\"_ _0\"></span>ce <span class=\"_ _0\"></span>anua<span class=\"_ _0\"></span>lmente <span class=\"_ _0\"></span>el <span class=\"_ _bf\"></span>ingreso<span class=\"_ _0\"></span> <span class=\"_ _bf\"></span>a <span class=\"_ _0\"></span>percibir <span class=\"_ _bf\"></span>(retribuci\u00f3n) <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>ambas<span class=\"_ _0\"></span> actividades <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>finali<span class=\"_ _0\"></span>dad d<span class=\"_ _0\"></span>e cub<span class=\"_ _0\"></span>rir lo<span class=\"_ _0\"></span>s se<span class=\"_ _0\"></span>rvicios <span class=\"_ _0\"></span>que, <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>forma <span class=\"_ _0\"></span>ininterru<span class=\"_ _0\"></span>mpida, <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>lo <span class=\"_ _0\"></span>largo <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>ejercici<span class=\"_ _0\"></span>o, pres<span class=\"_ _0\"></span>ta Red El\u00e9ctrica a los con<span class=\"_ _0\"></span>sumidores y al res<span class=\"_ _0\"></span>to de agentes que particip<span class=\"_ _0\"></span>an en el Sector El\u00e9ctrico.<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>  La <span class=\"_ _c2\"></span>obligaci\u00f3n <span class=\"_ _c5\"></span>derivada <span class=\"_ _c5\"></span>de <span class=\"_ _c2\"></span>la <span class=\"_ _c5\"></span>prestaci\u00f3n <span class=\"_ _c5\"></span>del <span class=\"_ _c5\"></span>se<span class=\"_ _0\"></span>rvicio <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>transporte <span class=\"_ _c5\"></span>de <span class=\"_ _c2\"></span>elect<span class=\"_ _1\"></span>ricidad <span class=\"_ _c2\"></span>se <span class=\"_ _c5\"> </span>considera <span class=\"_ _c2\"></span>una <span class=\"_ _c5\"></span>\u00fanica obligaci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _c8\"></span>de <span class=\"_ _c4\"></span>desempe\u00f1o <span class=\"_ _c4\"></span>por <span class=\"_ _1\"></span>lo <span class=\"_ _c8\"></span>que <span class=\"_ _1\"></span>el <span class=\"_ _c8\"></span>precio <span class=\"_ _1\"></span>total <span class=\"_ _c4\"></span>se <span class=\"_ _c8\"></span>asigna <span class=\"_ _1\"></span>\u00edntegramente <span class=\"_ _1\"></span>a <span class=\"_ _c8\"></span>dicha <span class=\"_ _1\"></span>obligaci\u00f3n. <span class=\"_ _1\"></span>Igualmente, las <span class=\"_ _c4\"></span>obligaciones <span class=\"_ _1\"></span>jur\u00eddicas <span class=\"_ _c4\"></span>inclui<span class=\"_ _0\"></span>das <span class=\"_ _c8\"></span>dent<span class=\"_ _0\"></span>ro <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>propia <span class=\"_ _c4\"></span>obligaci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>operador <span class=\"_ _c4\"></span>del <span class=\"_ _1\"></span>sistema <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>energ\u00eda <span class=\"_ _1\"></span>el\u00e9c-<span class=\"_ _29d\"> </span>trica, <span class=\"_ _c4\"></span>se <span class=\"_ _c4\"></span>entiende <span class=\"_ _c4\"></span>que <span class=\"_ _c4\"></span>se <span class=\"_ _c4\"></span>engloban <span class=\"_ _c4\"></span>dentro <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>\u00fanica <span class=\"_ _c4\"></span>obligaci\u00f3n <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>desempe\u00f1o <span class=\"_ _c4\"></span>identificada <span class=\"_ _1\"></span>como <span class=\"_ _c8\"></span>\u201cpropor-<span class=\"_ _29d\"> </span>cionar el <span class=\"_ _0\"></span>servicio d<span class=\"_ _0\"></span>e opera<span class=\"_ _0\"></span>ci\u00f3n del sist<span class=\"_ _0\"></span>ema el\u00e9ct<span class=\"_ _0\"></span>rico\u201d. En <span class=\"_ _0\"></span>consecuencia, el <span class=\"_ _0\"></span>recon<span class=\"_ _0\"></span>ocimiento de in<span class=\"_ _0\"></span>gresos de<span class=\"_ _0\"></span> las obligacio<span class=\"_ _0\"></span>nes <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>desempe\u00f1o <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>Transporte <span class=\"_ _1\"></span>y <span class=\"_ _c4\"></span>Operaci\u00f3n <span class=\"_ _1\"></span>del <span class=\"_ _c4\"></span>Sistema <span class=\"_ _1\"></span>se <span class=\"_ _c4\"></span>realiza <span class=\"_ _1\"></span>a <span class=\"_ _c4\"></span>lo <span class=\"_ _1\"></span>largo <span class=\"_ _c4\"></span>del <span class=\"_ _c4\"></span>tiempo, <span class=\"_ _c4\"></span>lineal-<span class=\"_ _29d\"> </span>mente, para cada e<span class=\"_ _0\"></span>jercicio.   Los ingresos asocia<span class=\"_ _0\"></span>dos al negocio de telecomuni<span class=\"_ _0\"></span>caciones provienen<span class=\"_ _0\"></span> fundamentalmente de:    <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">cont<span class=\"_ _1\"></span>ratos <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>prestaci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>servicios <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>arrendamiento <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>capacidad <span class=\"_ _c4\"></span>satelital <span class=\"_ _c4\"></span>con <span class=\"_ _c8\"></span>diferentes <span class=\"_ _c4\"></span>clientes <span class=\"_ _c8\"></span>del </span></span>sector de<span class=\"_ _0\"></span> las <span class=\"_ _0\"></span>telecomunicacio<span class=\"_ _0\"></span>nes los cua<span class=\"_ _0\"></span>les se<span class=\"_ _0\"></span> consideran <span class=\"_ _0\"></span>una obli<span class=\"_ _0\"></span>gaci\u00f3n de d<span class=\"_ _0\"></span>esempe\u00f1o cu<span class=\"_ _0\"></span>yo ing<span class=\"_ _0\"></span>reso se registra linealmente<span class=\"_ _0\"></span> a lo largo del tiempo seg\u00fan <span class=\"_ _0\"></span>se va prestando el se<span class=\"_ _0\"></span>rvicio al cliente.  <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">cont<span class=\"_ _1\"></span>ratos <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>cesi\u00f3n <span class=\"_ _c4\"></span>del <span class=\"_ _c4\"></span>uso <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>fibra <span class=\"_ _c4\"></span>\u00f3ptica <span class=\"_ _c8\"></span>troncal <span class=\"_ _c4\"></span>y <span class=\"_ _c4\"></span>cable <span class=\"_ _c8\"></span>cedido <span class=\"_ _c4\"></span>a <span class=\"_ _c8\"></span>diferentes <span class=\"_ _c4\"></span>clientes <span class=\"_ _c8\"></span>del <span class=\"_ _c4\"></span>sector <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>las </span></span>telecomunicaciones,<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>as\u00ed <span class=\"_ _1\"></span>com<span class=\"_ _1\"></span>o <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>la <span class=\"_ _1\"></span>pr<span class=\"_ _1\"></span>estaci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>servicios <span class=\"_ _c4\"></span>a <span class=\"_ _c4\"></span>los <span class=\"_ _c4\"></span>mismos, <span class=\"_ _c4\"></span>los <span class=\"_ _c4\"></span>cuales <span class=\"_ _1\"></span>se <span class=\"_ _c4\"></span>consideran <span class=\"_ _c4\"></span>una \u00fanica obligaci\u00f3n <span class=\"_ _1\"></span>de desempe\u00f1o. El ingreso <span class=\"_ _1\"></span>de estos <span class=\"_ _1\"></span>contratos<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>se registra a <span class=\"_ _1\"></span>lo <span class=\"_ _1\"></span>largo del t<span class=\"_ _1\"></span>iempo, seg\u00fan se va prestando el servici<span class=\"_ _0\"></span>o al cliente.  Si <span class=\"_ _1\"></span>surgieran <span class=\"_ _c4\"></span>circunstancias <span class=\"_ _1\"></span>que <span class=\"_ _c4\"></span>modificaran <span class=\"_ _1\"></span>las <span class=\"_ _c4\"></span>estimaciones <span class=\"_ _c4\"></span>iniciales <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>ingresos <span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>dina<span class=\"_ _0\"></span>rios, <span class=\"_ _c4\"></span>se <span class=\"_ _c4\"></span>procede <span class=\"_ _1\"></span>a revisar dichas estimacio<span class=\"_ _0\"></span>nes. Las <span class=\"_ _1\"></span>revisi<span class=\"_ _0\"></span>ones podr\u00edan dar lugar a aumentos o disminuciones en los ingresos y<span class=\"_ _0\"></span> se reflejar\u00edan en la cuenta de resultados en el p<span class=\"_ _1\"></span>eri<span class=\"_ _0\"></span>odo en <span class=\"_ _1\"></span>el que las circunstancias<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>que han motivado dichas<span class=\"_ _0\"></span> revisiones sean<span class=\"_ _0\"></span> conocidas y acordadas ent<span class=\"_ _0\"></span>re las partes.  Los ingresos por in<span class=\"_ _0\"></span>tereses se reconocen u<span class=\"_ _0\"></span>sando el m\u00e9todo del tipo de in<span class=\"_ _0\"></span>ter\u00e9s efectivo.  Los ingresos por divi<span class=\"_ _0\"></span>dendos se reconocen cuand<span class=\"_ _0\"></span>o se establece el derech<span class=\"_ _0\"></span>o a recibir el cobro. s) <span class=\"_ _c7\"> </span>Situaci\u00f3n fiscal<span class=\"ff3 fc1\">  </span>El gasto (ing<span class=\"_ _0\"></span>reso) por imp<span class=\"_ _0\"></span>uesto sobre las <span class=\"_ _0\"></span>ganancias comp<span class=\"_ _0\"></span>rende tanto el c<span class=\"_ _0\"></span>orriente como el <span class=\"_ _0\"></span>impuesto d<span class=\"_ _0\"></span>iferido. Los <span class=\"_ _c4\"></span>impuestos, <span class=\"_ _1\"></span>tant<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>si <span class=\"_ _c4\"></span>son <span class=\"_ _c4\"></span>del <span class=\"_ _c4\"></span>ejercicio <span class=\"_ _c4\"></span>corriente <span class=\"_ _c4\"></span>como <span class=\"_ _c4\"></span>si <span class=\"_ _1\"></span>son <span class=\"_ _c8\"></span>diferidos, <span class=\"_ _1\"></span>son <span class=\"_ _c4\"></span>reconocidos <span class=\"_ _c4\"></span>como <span class=\"_ _1\"></span>gasto <span class=\"_ _c4\"></span>o <span class=\"_ _c4\"></span>in-<span class=\"_ _29d\"> </span>greso <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>incluidos en <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>determina<span class=\"_ _0\"></span>ci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>ganancia o <span class=\"_ _1\"></span>p\u00e9rdida <span class=\"_ _1\"></span>neta <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>ejercicio, <span class=\"_ _1\"></span>excepto<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>si <span class=\"_ _1\"></span>han <span class=\"_ _1\"></span>surgido de una transacci\u00f3n qu<span class=\"_ _0\"></span>e se ha reconocid<span class=\"_ _0\"></span>o <span class=\"_ _1\"></span>en<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>el mis<span class=\"_ _0\"></span>mo ejercicio, cargando<span class=\"_ _0\"></span> o abonan<span class=\"_ _0\"></span>do directamente al P<span class=\"_ _0\"></span>at<span class=\"_ _1\"></span>rimo-<span class=\"_ _29d\"> </span>nio neto, o de una combi<span class=\"_ _0\"></span>naci\u00f3n de negocios<span class=\"_ _0\"></span>.  El <span class=\"_ _c8\"></span>impuesto <span class=\"_ _c8\"></span>corriente <span class=\"_ _c4\"></span>es <span class=\"_ _c8\"></span>el <span class=\"_ _c8\"></span>que <span class=\"_ _c8\"></span>se <span class=\"_ _c4\"></span>estima <span class=\"_ _c8\"></span>pagar <span class=\"_ _c4\"></span>en <span class=\"_ _c2\"></span>el <span class=\"_ _c8\"></span>ejercicio, <span class=\"_ _c4\"></span>utilizando <span class=\"_ _c8\"></span>los <span class=\"_ _c4\"></span>tipos <span class=\"_ _c2\"></span>impositivos<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>aprobados, correspondien<span class=\"_ _0\"></span>tes <span class=\"_ _c4\"></span>al ejercicio pr<span class=\"_ _1\"></span>esente y <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>cualquier ajuste <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>impuesto a <span class=\"_ _1\"></span>pagar <span class=\"_ _1\"></span>relativo a <span class=\"_ _1\"></span>ejercicios anterio-<span class=\"_ _29d\"> </span>res.  Las <span class=\"_ _c8\"></span>deducciones <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>la <span class=\"_ _c8\"></span>cuota <span class=\"_ _c4\"></span>y <span class=\"_ _c8\"></span>las <span class=\"_ _c8\"></span>bonificacione<span class=\"_ _0\"></span>s <span class=\"_ _c8\"></span>del <span class=\"_ _c8\"></span>impuesto <span class=\"_ _c8\"></span>sobre <span class=\"_ _c4\"></span>las <span class=\"_ _c8\"></span>ganancias <span class=\"_ _c4\"></span>originadas <span class=\"_ _c8\"></span>por <span class=\"_ _c8\"></span>hecho<span class=\"_ _0\"></span>s econ\u00f3micos <span class=\"_ _c8\"></span>acontecidos<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>en <span class=\"_ _c8\"></span>el <span class=\"_ _c2\"></span>ejercicio <span class=\"_ _c4\"></span>minoran <span class=\"_ _c4\"></span>el <span class=\"_ _c8\"></span>gasto <span class=\"_ _c2\"></span>devengado <span class=\"_ _c4\"></span>por <span class=\"_ _c8\"></span>el <span class=\"_ _c8\"></span>Impuesto <span class=\"_ _c8\"></span>sobre <span class=\"_ _c4\"></span>las <span class=\"_ _c2\"></span>ganancia<span class=\"_ _0\"></span>s, salvo que exis<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>an dudas <span class=\"_ _0\"></span>sobre su realizaci\u00f3n. <span class=\"_ _0\"></span> Los <span class=\"_ _1\"></span>impuestos <span class=\"_ _1\"></span>diferidos y <span class=\"_ _c4\"></span>el <span class=\"_ _1\"></span>gasto <span class=\"_ _1\"></span>por <span class=\"_ _c4\"></span>impuesto<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>sobre <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>ganancias <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>calculan <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>contabilizan <span class=\"_ _1\"></span>conforme <span class=\"_ _1\"></span>al<span class=\"_ _0\"></span> m\u00e9todo <span class=\"_ _c5\"></span>del <span class=\"_ _c5\"></span>pasi<span class=\"_ _0\"></span>vo, <span class=\"_ _c5\"> </span>sobre <span class=\"_ _c5\"> </span>las <span class=\"_ _c5\"></span>diferencias <span class=\"_ _c2\"></span>t<span class=\"_ _1\"></span>emporarias <span class=\"_ _c2\"></span>surgidas <span class=\"_ _c5\"> </span>entre <span class=\"_ _c5\"></span>los <span class=\"_ _c2\"></span>saldos <span class=\"_ _c5\"></span>reconocidos <span class=\"_ _c5\"></span>a <span class=\"_ _c5\"></span>efectos<span class=\"_ _0\"></span> <span class=\"_ _c5\"> </span>de informaci\u00f3n <span class=\"_ _1\"></span>financiera <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>los <span class=\"_ _c4\"></span>usados <span class=\"_ _1\"></span>a <span class=\"_ _c4\"></span>efectos <span class=\"_ _1\"></span>fiscales. <span class=\"_ _1\"></span>Este <span class=\"_ _1\"></span>m\u00e9todo <span class=\"_ _1\"></span>consiste <span class=\"_ _1\"></span>en <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>determi<span class=\"_ _0\"></span>naci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>los <span class=\"_ _1\"></span>im-<span class=\"_ _29d\"> </span>puestos <span class=\"_ _c5\"></span>diferidos <span class=\"_ _c5\"></span>activo<span class=\"_ _0\"></span>s <span class=\"_ _c5\"> </span>y <span class=\"_ _c0\"> </span>pasi<span class=\"_ _0\"></span>vos <span class=\"_ _c5\"> </span>en <span class=\"_ _c5\"> </span>funci\u00f3n <span class=\"_ _c2\"></span>de <span class=\"_ _c0\"> </span>las <span class=\"_ _c5\"></span>diferencias <span class=\"_ _c5\"></span>en<span class=\"_ _0\"></span>tre <span class=\"_ _c5\"></span>el <span class=\"_ _c5\"></span>valor <span class=\"_ _c5\"></span>en <span class=\"_ _c5\"></span>libros <span class=\"_ _c5\"></span>de <span class=\"_ _c5\"></span>los <span class=\"_ _c5\"></span>activos <span class=\"_ _c5\"></span>y pasivos <span class=\"_ _0\"></span>y su <span class=\"_ _0\"></span>base <span class=\"_ _0\"></span>fiscal, <span class=\"_ _0\"></span>utilizando<span class=\"_ _0\"></span> las ta<span class=\"_ _0\"></span>sas fiscal<span class=\"_ _0\"></span>es qu<span class=\"_ _0\"></span>e se <span class=\"_ _0\"></span>espere <span class=\"_ _0\"></span>objetivamente <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>est\u00e9n <span class=\"_ _0\"></span>en vig<span class=\"_ _0\"></span>or cuando<span class=\"_ _0\"></span> los activos y pasivos<span class=\"_ _0\"></span> se realicen.  Los <span class=\"_ _1\"></span>Activos <span class=\"_ _c4\"></span>por <span class=\"_ _1\"></span>impuestos <span class=\"_ _c4\"></span>diferidos <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>reconocen <span class=\"_ _1\"></span>en <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>medida <span class=\"_ _1\"></span>en <span class=\"_ _c4\"></span>que <span class=\"_ _1\"></span>es <span class=\"_ _c4\"></span>probable <span class=\"_ _1\"></span>que <span class=\"_ _c4\"></span>vaya <span class=\"_ _1\"></span>a <span class=\"_ _c4\"></span>disponerse<span class=\"_ _0\"></span> de beneficios fiscales <span class=\"_ _0\"></span>futuros con los que poder c<span class=\"_ _0\"></span>ompensar las diferencias<span class=\"_ _0\"></span> temporarias.  Se <span class=\"_ _1\"></span>reconocen impuestos<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>diferidos sobre <span class=\"_ _1\"></span>las diferencias t<span class=\"_ _1\"></span>empo<span class=\"_ _0\"></span>rarias <span class=\"_ _1\"></span>que surgen <span class=\"_ _1\"></span>en inversiones <span class=\"_ _1\"></span>en Socieda-<span class=\"_ _29d\"> </span>des <span class=\"_ _1\"></span>dependientes<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>asocia<span class=\"_ _0\"></span>das, <span class=\"_ _1\"></span>excepto <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>aquell<span class=\"_ _0\"></span>os <span class=\"_ _1\"></span>casos en <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>el Grupo <span class=\"_ _1\"></span>pueda controlar la <span class=\"_ _1\"></span>fecha <span class=\"_ _1\"></span>en que revertir\u00e1n las diferenci<span class=\"_ _0\"></span>as temporarias y sea proba<span class=\"_ _0\"></span>ble que \u00e9stas no vayan a<span class=\"_ _0\"></span> revertir en un futuro pre<span class=\"_ _0\"></span>visible.  El <span class=\"_ _c8\"></span>gasto <span class=\"_ _c8\"></span>devengado <span class=\"_ _c4\"></span>por <span class=\"_ _c4\"></span>impuesto <span class=\"_ _c8\"></span>sobre <span class=\"_ _c8\"></span>sociedades, <span class=\"_ _c8\"></span>de <span class=\"_ _c4\"></span>las <span class=\"_ _c8\"></span>sociedades <span class=\"_ _c4\"></span>que <span class=\"_ _c2\"></span>se <span class=\"_ _c4\"></span>encuentran <span class=\"_ _c8\"></span>en <span class=\"_ _c8\"></span>r\u00e9gimen <span class=\"_ _c4\"></span>de declaraci\u00f3n consolidada,<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>se determina teniendo en cuenta, adem\u00e1s de los par\u00e1metros a considerar en caso de tributaci\u00f3n indivi<span class=\"_ _0\"></span>dual expuestos anteriormen<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>e, los sig<span class=\"_ _0\"></span>uientes:   <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Las <span class=\"_ _c4\"></span>diferencias t<span class=\"_ _1\"></span>emporarias <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>permanentes <span class=\"_ _1\"></span>producidas com<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>consecuencia de <span class=\"_ _c4\"></span>la <span class=\"_ _1\"></span>eliminaci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>resulta-<span class=\"_ _29d\"> </span></span></span>dos <span class=\"_ _1\"></span>por <span class=\"_ _c4\"></span>operaciones <span class=\"_ _1\"></span>entre <span class=\"_ _c4\"></span>sociedades <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>Grupo, <span class=\"_ _c4\"></span>derivada <span class=\"_ _1\"></span>del <span class=\"_ _c4\"></span>proceso <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>det<span class=\"_ _1\"></span>erminaci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>la <span class=\"_ _1\"></span>base <span class=\"_ _c4\"></span>im-<span class=\"_ _29d\"> </span>ponible consoli<span class=\"_ _0\"></span>dada.   <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Las <span class=\"_ _c4\"></span>deducciones <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>bonificaciones que <span class=\"_ _c4\"></span>corresponde<span class=\"_ _0\"></span>n <span class=\"_ _c4\"></span>a <span class=\"_ _1\"></span>cada <span class=\"_ _1\"></span>sociedad <span class=\"_ _1\"></span>del <span class=\"_ _c4\"></span>Grupo <span class=\"_ _1\"></span>Fiscal <span class=\"_ _1\"></span>en <span class=\"_ _c4\"></span>el <span class=\"_ _1\"></span>r\u00e9gimen <span class=\"_ _1\"></span>de </span></span>declaraci\u00f3n <span class=\"_ _bf\"></span>consolidada; <span class=\"_ _0\"></span>a <span class=\"_ _bf\"></span>estos <span class=\"_ _0\"></span>efec<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>os, <span class=\"_ _bf\"></span>las <span class=\"_ _0\"></span>deduccio<span class=\"_ _0\"></span>nes <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>bonificacio<span class=\"_ _0\"></span>nes <span class=\"_ _bf\"></span>se imp<span class=\"_ _0\"></span>utar\u00e1n <span class=\"_ _0\"></span>a <span class=\"_ _bf\"></span>la <span class=\"_ _0\"></span>socied<span class=\"_ _0\"></span>ad <span class=\"_ _0\"></span>que<span class=\"_ _0\"></span> realiz\u00f3 <span class=\"_ _bf\"></span>la <span class=\"_ _0\"></span>activid<span class=\"_ _0\"></span>ad <span class=\"_ _0\"></span>u <span class=\"_ _bf\"></span>obtuvo <span class=\"_ _bf\"></span>el <span class=\"_ _0\"></span>rendimi<span class=\"_ _0\"></span>ento <span class=\"_ _0\"></span>nece<span class=\"_ _0\"></span>sario <span class=\"_ _0\"></span>para<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>obtener<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>el <span class=\"_ _bf\"></span>derecho <span class=\"_ _bf\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _bf\"></span>deducci\u00f3n <span class=\"_ _bf\"></span>o <span class=\"_ _0\"></span>bonifi<span class=\"_ _0\"></span>caci\u00f3n fiscal.   <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Las <span class=\"_ _c8\"></span>diferencias <span class=\"_ _c4\"></span>temporari<span class=\"_ _0\"></span>as <span class=\"_ _c4\"></span>derivadas <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>las <span class=\"_ _c4\"></span>eliminaciones <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>resultados <span class=\"_ _1\"></span>entre <span class=\"_ _c8\"></span>las <span class=\"_ _c4\"></span>empresas <span class=\"_ _c4\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>Grupo </span></span>Fiscal <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>reconocen en <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>sociedad <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>ha <span class=\"_ _1\"></span>generado <span class=\"_ _1\"></span>el resultado <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>valoran <span class=\"_ _1\"></span>por <span class=\"_ _1\"></span>el t<span class=\"_ _1\"></span>ipo <span class=\"_ _1\"></span>impositivo apli-<span class=\"_ _29d\"> </span>cable a la misma<span class=\"_ _0\"></span>.   <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">La <span class=\"_ _c5\"></span>Sociedad <span class=\"_ _c2\"></span>dominante <span class=\"_ _c2\"></span>del <span class=\"_ _c5\"></span>Grupo <span class=\"_ _c2\"></span>registra <span class=\"_ _c5\"></span>el<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>importe <span class=\"_ _c2\"></span>total <span class=\"_ _c5\"></span>a <span class=\"_ _c2\"></span>pagar <span class=\"_ _c2\"></span>(<span class=\"_ _1\"></span>a <span class=\"_ _c2\"></span>devolver) <span class=\"_ _c2\"></span>por <span class=\"_ _c5\"></span>el <span class=\"_ _c2\"></span>Impuesto <span class=\"_ _c2\"></span>sobre </span></span>Sociedades consoli<span class=\"_ _0\"></span>dado con cargo (abono) <span class=\"_ _0\"></span>a Cr\u00e9ditos (Deudas) con e<span class=\"_ _0\"></span>mpresas del grupo y asociad<span class=\"_ _0\"></span>as.<span class=\"_ _29d\"> </span> <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">El <span class=\"_ _c2\"></span>importe <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>la <span class=\"_ _c2\"></span>deuda <span class=\"_ _c8\"></span>(cr\u00e9dito) <span class=\"_ _c2\"></span>correspondien<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>e <span class=\"_ _c8\"></span>a <span class=\"_ _c2\"></span>las <span class=\"_ _c2\"></span>sociedades <span class=\"_ _c8\"></span>dependientes <span class=\"_ _c8\"></span>se <span class=\"_ _c2\"></span>registra <span class=\"_ _c2\"></span>con <span class=\"_ _c8\"></span>abono </span></span>(cargo) a Deudas <span class=\"_ _0\"></span>(Cr\u00e9ditos) con empresas del g<span class=\"_ _0\"></span>rupo y asociadas.<span class=\"_ _0\"></span>  Si el <span class=\"_ _0\"></span>Grupo determi<span class=\"_ _0\"></span>na que no <span class=\"_ _0\"></span>es probable<span class=\"_ _0\"></span> que la <span class=\"_ _0\"></span>autoridad <span class=\"_ _0\"></span>f<span class=\"_ _1\"></span>iscal va<span class=\"_ _0\"></span>ya a <span class=\"_ _0\"></span>aceptar un <span class=\"_ _0\"></span>tratamiento <span class=\"_ _0\"></span>fiscal incie<span class=\"_ _0\"></span>rto o <span class=\"_ _1\"></span>un <span class=\"_ _c4\"></span>grupo <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>tratamientos <span class=\"_ _1\"></span>fiscales <span class=\"_ _1\"></span>inciertos, <span class=\"_ _1\"></span>considera <span class=\"_ _c4\"></span>dicha<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>incertidumbre <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>la <span class=\"_ _c4\"></span>determinaci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>base imponible, <span class=\"_ _bf\"></span>bases <span class=\"_ _bf\"></span>fiscales, <span class=\"_ _bf\"></span>cr\u00e9ditos <span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r <span class=\"_ _bf\"></span>bases <span class=\"_ _0\"></span>impon<span class=\"_ _0\"></span>ibles <span class=\"_ _bf\"></span>negat<span class=\"_ _1\"></span>ivas, <span class=\"_ _bf\"></span>deduccione<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>o <span class=\"_ _bf\"></span>tipos <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>mpositivos. <span class=\"_ _bf\"></span>En <span class=\"_ _0\"></span>aque-<span class=\"_ _29d\"> </span>llos <span class=\"_ _c8\"></span>casos <span class=\"_ _c2\"></span>en <span class=\"_ _c5\"></span>los <span class=\"_ _c8\"></span>que <span class=\"_ _c2\"></span>el <span class=\"_ _c8\"></span>act<span class=\"_ _1\"></span>ivo <span class=\"_ _c8\"></span>o <span class=\"_ _c2\"></span>el <span class=\"_ _c2\"></span>pasivo <span class=\"_ _c2\"></span>por <span class=\"_ _c8\"></span>impuesto <span class=\"_ _c2\"></span>calculado <span class=\"_ _c8\"></span>con <span class=\"_ _c2\"></span>estos <span class=\"_ _c2\"></span>criterios, <span class=\"_ _c8\"></span>excede <span class=\"_ _c2\"></span>del <span class=\"_ _c2\"></span>importe presentado <span class=\"_ _c8\"></span>en <span class=\"_ _c4\"></span>las <span class=\"_ _c8\"></span>autoliquid<span class=\"_ _0\"></span>aciones, <span class=\"_ _c8\"></span>\u00e9ste <span class=\"_ _c8\"></span>se <span class=\"_ _c8\"></span>presenta <span class=\"_ _c4\"></span>en <span class=\"_ _c8\"></span>el <span class=\"_ _c8\"></span>estado <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>situaci\u00f3n <span class=\"_ _c8\"></span>financiera <span class=\"_ _c4\"></span>consolidado. <span class=\"_ _c4\"></span>El Grupo registra <span class=\"_ _0\"></span>los cambios e<span class=\"_ _0\"></span>n hechos y circun<span class=\"_ _0\"></span>stancias sobre la<span class=\"_ _0\"></span>s incertidumbres <span class=\"_ _0\"></span>fiscales como u<span class=\"_ _0\"></span>n cambio de<span class=\"_ _0\"></span> estimaci\u00f3n.  El <span class=\"_ _bf\"></span>Gr<span class=\"_ _1\"></span>upo <span class=\"_ _0\"></span>s\u00f3lo<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>mpensa <span class=\"_ _bf\"></span>l<span class=\"_ _1\"></span>os <span class=\"_ _bf\"></span>act<span class=\"_ _1\"></span>ivos <span class=\"_ _bf\"></span>y <span class=\"_ _0\"></span>pasivos <span class=\"_ _bf\"></span>por <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>mpuesto <span class=\"_ _0\"></span>sobre <span class=\"_ _bf\"></span>las <span class=\"_ _bf\"></span>ganancias <span class=\"_ _bf\"></span>diferidos <span class=\"_ _0\"></span>si <span class=\"_ _bf\"></span>existe <span class=\"_ _bf\"></span>un <span class=\"_ _0\"></span>derecho legal de compensaci\u00f3n frente a las autoridad<span class=\"_ _0\"></span>es f<span class=\"_ _1\"></span>iscale<span class=\"_ _0\"></span>s y dichos act<span class=\"_ _1\"></span>ivos y pasivos corre<span class=\"_ _0\"></span>sponden a la misma autoridad <span class=\"_ _0\"></span>fiscal, <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>mismo <span class=\"_ _0\"></span>sujeto <span class=\"_ _0\"></span>pasivo <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>bien <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>diferentes <span class=\"_ _0\"></span>sujetos <span class=\"_ _0\"></span>pasivos <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>pretenden<span class=\"_ _0\"></span> liq<span class=\"_ _0\"></span>uidar o<span class=\"_ _0\"></span> reali<span class=\"_ _0\"></span>zar los activos y <span class=\"_ _0\"></span>pasivos fisc<span class=\"_ _0\"></span>ales corrientes p<span class=\"_ _0\"></span>or su importe ne<span class=\"_ _0\"></span>to o reali<span class=\"_ _0\"></span>zar los a<span class=\"_ _0\"></span>ctivos y liquidar lo<span class=\"_ _0\"></span>s pasivos simu<span class=\"_ _0\"></span>l-<span class=\"_ _29d\"> </span>t\u00e1neamente, en cada uno de los ejercicios futuros en los que se espera liquidar o recuperar importes signifi-<span class=\"_ _29d\"> </span>cativos de activos o<span class=\"_ _0\"></span> pasivos por impuestos diferid<span class=\"_ _0\"></span>os.  t) <span class=\"_ _59\"> </span>Beneficios por acci\u00f3n<span class=\"_ _0\"></span><span class=\"ff3 fc1\">  </span>El Beneficio <span class=\"_ _1\"></span>b\u00e1sico <span class=\"_ _1\"></span>por <span class=\"_ _1\"></span>acci\u00f3n se <span class=\"_ _1\"></span>calcula <span class=\"_ _1\"></span>como <span class=\"_ _1\"></span>el cociente <span class=\"_ _1\"></span>entre <span class=\"_ _1\"></span>el beneficio <span class=\"_ _1\"></span>neto <span class=\"_ _1\"></span>del per\u00edodo <span class=\"_ _1\"></span>atribuible <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>la Sociedad <span class=\"_ _1\"></span>dominante <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>n\u00famero <span class=\"_ _1\"></span>medio <span class=\"_ _c4\"></span>ponderado de <span class=\"_ _c4\"></span>acciones <span class=\"_ _1\"></span>ordinarias en <span class=\"_ _c4\"></span>circulaci\u00f3n <span class=\"_ _1\"></span>durante dicho <span class=\"_ _1\"></span>pe-<span class=\"_ _29d\"> </span>r\u00edodo, sin considerar el n<span class=\"_ _0\"></span>\u00famero medio de accione<span class=\"_ _0\"></span>s propias mantenidas du<span class=\"_ _0\"></span>rante el ejercicio.   En el caso de la<span class=\"_ _0\"></span>s cuentas anuales con<span class=\"_ _0\"></span>solidadas del Grupo a<span class=\"_ _0\"></span> 31 de diciemb<span class=\"_ _0\"></span>re de 2022 y 2021,<span class=\"_ _0\"></span> los beneficios b\u00e1sicos <span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>acci\u00f3n <span class=\"_ _bf\"></span>coinciden <span class=\"_ _0\"></span>con <span class=\"_ _bf\"></span>los <span class=\"_ _0\"></span>dilu<span class=\"_ _0\"></span>idos, <span class=\"_ _0\"></span>dado <span class=\"_ _bf\"></span>que <span class=\"_ _0\"></span>no <span class=\"_ _bf\"></span>han <span class=\"_ _0\"></span>existido <span class=\"_ _bf\"></span>operaciones <span class=\"_ _0\"></span>duran<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>dichos <span class=\"_ _bf\"></span>ejercicios que pudieran hace<span class=\"_ _0\"></span>r variar esta cifra.<span class=\"_ _29d\"> </span>u) <span class=\"_ _ca\"> </span>Seguros<span class=\"ff3 fc1\">  </span>Las compa\u00f1\u00edas<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>del G<span class=\"_ _0\"></span>rupo tienen suscri<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>as dive<span class=\"_ _0\"></span>rsas p\u00f3lizas de seguro pa<span class=\"_ _0\"></span>ra cubrir los riesgos<span class=\"_ _0\"></span> a los que est\u00e1n<span class=\"_ _0\"></span> sometidas <span class=\"_ _bf\"></span>las <span class=\"_ _bf\"></span>sociedades <span class=\"_ _bf\"></span>por <span class=\"_ _0\"></span>el<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>ejercici<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>sus <span class=\"_ _bf\"></span>actividades. <span class=\"_ _bf\"></span>Estos <span class=\"_ _bf\"></span>riesgos <span class=\"_ _bf\"></span>est\u00e1n <span class=\"_ _bf\"></span>pr<span class=\"_ _1\"></span>incipalmen<span class=\"_ _0\"></span>te <span class=\"_ _bf\"></span>relacionados con los da\u00f1os que pudie<span class=\"_ _0\"></span>ran sufrir las instalacione<span class=\"_ _0\"></span>s de las sociedades del Grupo<span class=\"_ _0\"></span> y a las posibles reclamacio<span class=\"_ _0\"></span>-<span class=\"_ _29d\"> </span>nes de terceros que puedan<span class=\"_ _0\"></span> surgir por el desarrollo de sus actividades. Lo<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>gastos e ingresos por <span class=\"_ _0\"></span>primas de seguros <span class=\"_ _c4\"></span>se <span class=\"_ _1\"></span>reconocen <span class=\"_ _1\"></span>en <span class=\"_ _c4\"></span>la <span class=\"_ _1\"></span>Cuenta <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>resultados <span class=\"_ _1\"></span>consolidada <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>acuerdo <span class=\"_ _1\"></span>con <span class=\"_ _c4\"></span>un <span class=\"_ _c4\"></span>criterio <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>devengo. <span class=\"_ _1\"></span>Los ingresos <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>recuperar <span class=\"_ _1\"></span>de las <span class=\"_ _1\"></span>com<span class=\"_ _1\"></span>pa\u00f1\u00edas<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>seguros <span class=\"_ _c4\"></span>derivados<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>de los <span class=\"_ _1\"></span>siniestros <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>registran <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>Cuenta <span class=\"_ _1\"></span>de resultados consolid<span class=\"_ _0\"></span>ada cuando son exigib<span class=\"_ _0\"></span>les.<span class=\"_ _29d\"> </span>v) <span class=\"_ _c7\"> </span>Medioambiente<span class=\"ff3 fc1\">  </span>Los gastos de<span class=\"_ _0\"></span>rivados de <span class=\"_ _0\"></span>las actuaciones emp<span class=\"_ _0\"></span>resariales en<span class=\"_ _0\"></span>caminadas a la <span class=\"_ _0\"></span>protecci\u00f3n y <span class=\"_ _0\"></span>mejora del medio<span class=\"_ _0\"></span>am-<span class=\"_ _29d\"> </span>biente <span class=\"_ _c4\"></span>se <span class=\"_ _1\"></span>contabilizan <span class=\"_ _c4\"></span>como <span class=\"_ _c4\"></span>gasto <span class=\"_ _1\"></span>del <span class=\"_ _c4\"></span>ejercicio <span class=\"_ _c4\"></span>en <span class=\"_ _c4\"></span>que<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>se <span class=\"_ _c4\"></span>incurren.<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>Cuando <span class=\"_ _c4\"></span>suponen <span class=\"_ _c4\"></span>incorporacio<span class=\"_ _0\"></span>nes <span class=\"_ _c4\"></span>al <span class=\"_ _c4\"></span>In-<span class=\"_ _29d\"> </span>movilizado <span class=\"_ _c8\"></span>material <span class=\"_ _c2\"></span>cuyo <span class=\"_ _c2\"></span>fin <span class=\"_ _c2\"></span>sea <span class=\"_ _c2\"></span>la <span class=\"_ _c8\"></span>m<span class=\"_ _1\"></span>inimizaci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _c2\"></span>del <span class=\"_ _c2\"></span>impacto <span class=\"_ _c2\"></span>medioambiental <span class=\"_ _c8\"></span>y <span class=\"_ _c5\"></span>la<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>protecci\u00f3n <span class=\"_ _c2\"></span>y <span class=\"_ _c8\"></span>mejora <span class=\"_ _c2\"></span>del medioambiente, se<span class=\"_ _0\"></span> contabilizan como <span class=\"_ _0\"></span>mayor valor del inmovil<span class=\"_ _0\"></span>izado.  w) <span class=\"_ _c6\"> </span>Pagos basados en acciones<span class=\"_ _29d\"> </span><span class=\"ff3 fc1\"> <span class=\"_ _0\"></span> </span>El <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span> impla<span class=\"_ _0\"></span>ntado <span class=\"_ _0\"></span>planes <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>adquisici\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>acciones po<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>cuales <span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>s e<span class=\"_ _0\"></span>mpleados <span class=\"_ _0\"></span>tienen<span class=\"_ _0\"></span> la<span class=\"_ _0\"></span> p<span class=\"_ _0\"></span>osibilidad<span class=\"_ _0\"></span> de <span class=\"_ _0\"></span>recibir <span class=\"_ _0\"></span>acci<span class=\"_ _0\"></span>ones <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _bf\"></span>S<span class=\"_ _1\"></span>ociedad <span class=\"_ _0\"></span>matriz<span class=\"_ _0\"></span> co<span class=\"_ _0\"></span>mo <span class=\"_ _0\"></span>parte <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>su<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>retribuci\u00f3n <span class=\"_ _0\"></span>anual. <span class=\"_ _0\"></span>La<span class=\"_ _0\"></span> va<span class=\"_ _0\"></span>loraci\u00f3n <span class=\"_ _0\"></span>deriva<span class=\"_ _0\"></span>da <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>dicha<span class=\"_ _0\"></span> retribuci\u00f3n <span class=\"_ _bf\"></span>se <span class=\"_ _bf\"></span>realiza <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>acuerdo <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span> <span class=\"_ _bf\"></span>el <span class=\"_ _bf\"></span>pr<span class=\"_ _1\"></span>ecio <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>cierre <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _bf\"></span>cotizaci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>las <span class=\"_ _0\"></span>accion<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>en <span class=\"_ _bf\"></span>la <span class=\"_ _bf\"></span>fecha <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>entrega<span class=\"_ _0\"></span> de las misma<span class=\"_ _0\"></span>s. El gasto <span class=\"_ _0\"></span>derivado de este pla<span class=\"_ _0\"></span>n se registra<span class=\"_ _0\"></span> en el ep\u00edgrafe G<span class=\"_ _0\"></span>astos de personal de<span class=\"_ _0\"></span> la Cue<span class=\"_ _0\"></span>nta de resultados consolid<span class=\"_ _0\"></span>ada. Todas las acciones ent<span class=\"_ _0\"></span>regadas proceden de<span class=\"_ _0\"></span> la autocartera de la Socie<span class=\"_ _0\"></span>dad matriz.  x) <span class=\"_ _c7\"> </span>Activos y Pasivos Cont<span class=\"_ _0\"></span>ingentes<span class=\"ff3 fc1\">  </span>Los activos <span class=\"_ _1\"></span>contingentes<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>no son <span class=\"_ _1\"></span>objeto de r<span class=\"_ _1\"></span>econo<span class=\"_ _0\"></span>cimiento <span class=\"_ _1\"></span>en los est<span class=\"_ _1\"></span>ados financie<span class=\"_ _0\"></span>ros <span class=\"_ _1\"></span>puesto que <span class=\"_ _1\"></span>ello podr\u00eda significar <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>reconocimie<span class=\"_ _0\"></span>nto <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>ingreso <span class=\"_ _1\"></span>que quiz\u00e1 <span class=\"_ _1\"></span>no <span class=\"_ _1\"></span>sea <span class=\"_ _1\"></span>nunca <span class=\"_ _1\"></span>objeto <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>realizaci\u00f3n<span class=\"_ _0\"></span>, <span class=\"_ _1\"></span>excepto <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>combi-<span class=\"_ _29d\"> </span>naciones <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>negocios <span class=\"_ _1\"></span>en <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>medida <span class=\"_ _c4\"></span>que <span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>eprese<span class=\"_ _0\"></span>ntan <span class=\"_ _c4\"></span>activos <span class=\"_ _c4\"></span>indemnizato<span class=\"_ _0\"></span>rios. <span class=\"_ _c4\"></span>Los <span class=\"_ _c4\"></span>activos <span class=\"_ _1\"></span>contingentes <span class=\"_ _c4\"></span>son objeto d<span class=\"_ _0\"></span>e evalu<span class=\"_ _0\"></span>aci\u00f3n <span class=\"_ _0\"></span>de f<span class=\"_ _0\"></span>orma co<span class=\"_ _0\"></span>ntinuada, <span class=\"_ _0\"></span>con e<span class=\"_ _0\"></span>l f<span class=\"_ _0\"></span>in d<span class=\"_ _0\"></span>e asegu<span class=\"_ _0\"></span>rar que<span class=\"_ _0\"></span> su<span class=\"_ _0\"></span> ev<span class=\"_ _0\"></span>oluci\u00f3n <span class=\"_ _0\"></span>se re<span class=\"_ _0\"></span>fleja apropia<span class=\"_ _0\"></span>damente<span class=\"_ _0\"></span> en los e<span class=\"_ _0\"></span>stados financie<span class=\"_ _0\"></span>ros. En e<span class=\"_ _0\"></span>l caso de<span class=\"_ _0\"></span> que la<span class=\"_ _0\"></span> entrada <span class=\"_ _0\"></span>de beneficios <span class=\"_ _0\"></span>econ\u00f3micos <span class=\"_ _0\"></span>pase a <span class=\"_ _0\"></span>ser pr\u00e1ctica<span class=\"_ _0\"></span>mente cierta, <span class=\"_ _c4\"></span>se <span class=\"_ _c4\"></span>proceder\u00e1 <span class=\"_ _c4\"></span>al <span class=\"_ _c4\"></span>reconocimiento <span class=\"_ _c4\"></span>del <span class=\"_ _c4\"></span>ingreso <span class=\"_ _c4\"></span>y <span class=\"_ _c8\"></span>del <span class=\"_ _c4\"></span>activo <span class=\"_ _c4\"></span>en <span class=\"_ _c4\"></span>los <span class=\"_ _c4\"></span>estados <span class=\"_ _c4\"></span>financieros <span class=\"_ _c4\"></span>del <span class=\"_ _c4\"></span>periodo <span class=\"_ _c4\"></span>en <span class=\"_ _c4\"></span>el que dicho cambio haya<span class=\"_ _0\"></span> tenido lugar.<span class=\"_ _29d\"> </span>Los <span class=\"_ _1\"></span>pasivos<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>contingentes no <span class=\"_ _1\"></span>son objeto <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>reconocimiento en <span class=\"_ _1\"></span>los estados f<span class=\"_ _1\"></span>inancieros<span class=\"_ _0\"></span>, <span class=\"_ _1\"></span>excepto en <span class=\"_ _1\"></span>combina-<span class=\"_ _29d\"> </span>ciones <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>negocios <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>medida <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>represen<span class=\"_ _0\"></span>ten <span class=\"_ _0\"></span>obligacione<span class=\"_ _0\"></span>s presentes <span class=\"_ _0\"></span>que<span class=\"_ _0\"></span> surjan<span class=\"_ _0\"></span> de <span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>cesos <span class=\"_ _0\"></span>pasados y su <span class=\"_ _1\"></span>valor razonable pueda ser medido con <span class=\"_ _1\"></span>fiabilid<span class=\"_ _0\"></span>ad. <span class=\"_ _1\"></span>Estos pasivos son objeto de r<span class=\"_ _1\"></span>econsideraci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _1\"></span>continua y en <span class=\"_ _1\"></span>caso de <span class=\"_ _1\"></span>estimarse probable, para <span class=\"_ _1\"></span>una partida tratada anteriormente como <span class=\"_ _1\"></span>pasivo contingente<span class=\"_ _0\"></span>, <span class=\"_ _1\"></span>la salida de recursos econ\u00f3micos<span class=\"_ _0\"></span> en el futuro, se reconocer\u00eda la <span class=\"_ _0\"></span>correspondiente provi<span class=\"_ _0\"></span>si\u00f3n en los estados financieros<span class=\"_ _0\"></span> del periodo en el que<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>ha<span class=\"_ _0\"></span> ocurrido el cambio en la <span class=\"_ _0\"></span>probabilidad de ocurrenc<span class=\"_ _0\"></span>ia. 5<span class=\"ff3\"> <span class=\"_ _ce\"> </span></span>Con<span class=\"_ _1\"></span>sideracio<span class=\"_ _1\"></span>nes sobre la coy<span class=\"_ _1\"></span>untu<span class=\"_ _1\"></span>ra macroecon<span class=\"_ _1\"></span>\u00f3mica Como <span class=\"_ _c4\"></span>consecuencia <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>las <span class=\"_ _c4\"></span>tensiones <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>los <span class=\"_ _c4\"></span>\u00faltimos <span class=\"_ _c8\"></span>a\u00f1os <span class=\"_ _c4\"></span>entre <span class=\"_ _c4\"></span>Rusia <span class=\"_ _c8\"></span>y <span class=\"_ _c4\"></span>Ucrania, <span class=\"_ _c8\"></span>el <span class=\"_ _c8\"></span>24 <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>febr<span class=\"_ _1\"></span>ero <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>2022 comenz\u00f3 un conflicto b\u00e9lico que a la fecha de formulaci\u00f3n de estas cuentas Anuales Consolidadas sigue en curso. <span class=\"_ _1\"></span>En <span class=\"_ _1\"></span>respuesta a <span class=\"_ _1\"></span>esta <span class=\"_ _1\"></span>acci\u00f3n <span class=\"_ _1\"></span>militar, <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>han <span class=\"_ _1\"></span>anunciado por <span class=\"_ _c4\"></span>parte de <span class=\"_ _1\"></span>numerosos <span class=\"_ _1\"></span>pa\u00edses <span class=\"_ _1\"></span>diferentes<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>san-<span class=\"_ _29d\"> </span>ciones econ\u00f3micas contra Rusia, as\u00ed como se <span class=\"_ _1\"></span>han suspendido o interrump<span class=\"_ _0\"></span>ido las <span class=\"_ _1\"></span>actividades que<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>empresas<span class=\"_ _0\"></span> p\u00fablicas y privadas<span class=\"_ _0\"></span> desarrollaban en el pa\u00eds<span class=\"_ _0\"></span>.  Todo ello ha<span class=\"_ _0\"></span> generado una gran incertid<span class=\"_ _0\"></span>umbre y una volatili<span class=\"_ _0\"></span>dad econ\u00f3mic<span class=\"_ _0\"></span>a global significativa que<span class=\"_ _0\"></span> ha provo-<span class=\"_ _29d\"> </span>cado <span class=\"_ _c2\"></span>un <span class=\"_ _c5\"></span>alza <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>precios, <span class=\"_ _c5\"></span>revaluaci\u00f3n <span class=\"_ _c8\"></span>de <span class=\"_ _c5\"></span>diferente<span class=\"_ _0\"></span>s <span class=\"_ _c5\"></span>monedas <span class=\"_ _c8\"></span>fr<span class=\"_ _1\"></span>ente <span class=\"_ _c2\"></span>al <span class=\"_ _c5\"></span>euro, <span class=\"_ _c2\"></span>alteraci\u00f3n <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>las <span class=\"_ _c2\"></span>condicion<span class=\"_ _0\"></span>es actuales <span class=\"_ _c4\"></span>del <span class=\"_ _c4\"></span>mercado, <span class=\"_ _c4\"></span>interrupci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>las <span class=\"_ _c4\"></span>relaciones <span class=\"_ _c4\"></span>comerciales <span class=\"_ _1\"></span>con <span class=\"_ _c4\"></span>Rusia, <span class=\"_ _c4\"></span>en <span class=\"_ _c4\"></span>algunos <span class=\"_ _c4\"></span>casos <span class=\"_ _c4\"></span>una <span class=\"_ _c4\"></span>ruptura de <span class=\"_ _1\"></span>la <span class=\"_ _c4\"></span>cadena <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>suministro <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>en <span class=\"_ _c4\"></span>\u00faltimo <span class=\"_ _1\"></span>t\u00e9rmino <span class=\"_ _c4\"></span>un <span class=\"_ _1\"></span>aumento <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>los <span class=\"_ _c4\"></span>tipos <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>inter\u00e9s <span class=\"_ _c4\"></span>tanto <span class=\"_ _1\"></span>dentro <span class=\"_ _1\"></span>como <span class=\"_ _c4\"></span>fuera de la Uni\u00f3n Europea<span class=\"_ _0\"></span>.  Cabe <span class=\"_ _1\"></span>destacar <span class=\"_ _c4\"></span>que <span class=\"_ _c4\"></span>Redeia<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>no <span class=\"_ _c4\"></span>posee <span class=\"_ _c4\"></span>relaciones <span class=\"_ _1\"></span>comerciales <span class=\"_ _1\"></span>directas <span class=\"_ _1\"></span>ni <span class=\"_ _c4\"></span>indirectas <span class=\"_ _1\"></span>con <span class=\"_ _c4\"></span>Rusia <span class=\"_ _c4\"></span>y <span class=\"_ _1\"></span>Ucrania, <span class=\"_ _c4\"></span>as\u00ed como <span class=\"_ _c5\"></span>tampoco <span class=\"_ _c2\"></span>mantiene <span class=\"_ _c5\"></span>inversiones <span class=\"_ _c2\"></span>en <span class=\"_ _c5\"> </span>participadas <span class=\"_ _c5\"></span>ni <span class=\"_ _c2\"></span>act<span class=\"_ _1\"></span>ivos <span class=\"_ _c2\"></span>en <span class=\"_ _c5\"> </span>dichos <span class=\"_ _c5\"></span>pa\u00edses <span class=\"_ _c2\"></span>y <span class=\"_ _c0\"> </span>su <span class=\"_ _c2\"></span>pol\u00edtica <span class=\"_ _c5\"> </span>de <span class=\"_ _c5\"> </span>riesgos financieros <span class=\"_ _0\"></span>asegura l<span class=\"_ _0\"></span>a iden<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>ificaci\u00f3n, <span class=\"_ _0\"></span>an\u00e1lisis, <span class=\"_ _0\"></span>gesti\u00f3n <span class=\"_ _0\"></span>y evaluaci\u00f3<span class=\"_ _0\"></span>n de <span class=\"_ _0\"></span>todos <span class=\"_ _0\"></span>los riesg<span class=\"_ _0\"></span>os asociados<span class=\"_ _0\"></span> a<span class=\"_ _0\"></span>l mencio-<span class=\"_ _29d\"> </span>nado conflicto.   Durante <span class=\"_ _c4\"></span>el <span class=\"_ _1\"></span>ejercicio <span class=\"_ _1\"></span>2022, <span class=\"_ _c4\"></span>se <span class=\"_ _1\"></span>han <span class=\"_ _c4\"></span>llevado <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>cabo <span class=\"_ _c4\"></span>en <span class=\"_ _c4\"></span>Espa\u00f1a <span class=\"_ _1\"></span>con <span class=\"_ _c4\"></span>normalida<span class=\"_ _0\"></span>d <span class=\"_ _c4\"></span>las <span class=\"_ _1\"></span>actividades <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>operaci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _c4\"></span>y mantenimiento de<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>instalacion<span class=\"_ _0\"></span>es, <span class=\"_ _1\"></span>as\u00ed como los trabajos<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>de construcci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>de nuevas infraestructura<span class=\"_ _0\"></span>s. Adem\u00e1s, tampoco <span class=\"_ _c4\"></span>se <span class=\"_ _1\"></span>han <span class=\"_ _c4\"></span>presentado <span class=\"_ _c4\"></span>incidencias <span class=\"_ _1\"></span>significativas <span class=\"_ _c4\"></span>en <span class=\"_ _1\"></span>la <span class=\"_ _c8\"></span>cobertura <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>demanda <span class=\"_ _c4\"></span>el\u00e9ctrica <span class=\"_ _c4\"></span>y <span class=\"_ _c4\"></span>el <span class=\"_ _c4\"></span>correcto funcionamiento del si<span class=\"_ _0\"></span>stema, y <span class=\"_ _0\"></span>tampoco se han<span class=\"_ _0\"></span> registrado incid<span class=\"_ _0\"></span>encias en la <span class=\"_ _0\"></span>red de transporte<span class=\"_ _0\"></span> que hayan <span class=\"_ _0\"></span>con-<span class=\"_ _29d\"> </span>dicionado<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>la operaci\u00f3n de<span class=\"_ _0\"></span>l sistema el\u00e9ctrico espa\u00f1o<span class=\"_ _0\"></span>l.  Asimismo, <span class=\"_ _0\"></span>tan<span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>negoc<span class=\"_ _0\"></span>io <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>inf<span class=\"_ _0\"></span>raestructuras <span class=\"_ _0\"></span>el\u00e9ctrico<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>internacional <span class=\"_ _bf\"></span>como <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>negocio<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>t<span class=\"_ _1\"></span>elecomuni<span class=\"_ _0\"></span>caciones han <span class=\"_ _c8\"></span>estado <span class=\"_ _c4\"></span>prestando <span class=\"_ _c4\"></span>servicios <span class=\"_ _c8\"></span>sin <span class=\"_ _c8\"></span>incidencias <span class=\"_ _c4\"></span>y <span class=\"_ _c8\"></span>la <span class=\"_ _c8\"></span>disponib<span class=\"_ _0\"></span>ilidad <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>las <span class=\"_ _c4\"></span>instalaciones <span class=\"_ _c8\"></span>se <span class=\"_ _c8\"></span>ha <span class=\"_ _c4\"></span>mantenido <span class=\"_ _c8\"></span>en niveles habituales, no<span class=\"_ _0\"></span> habi\u00e9ndose registrado incid<span class=\"_ _0\"></span>encias en la calida<span class=\"_ _0\"></span>d <span class=\"_ _1\"></span>del servi<span class=\"_ _0\"></span>cio.  El <span class=\"_ _0\"></span>sector e<span class=\"_ _0\"></span>l\u00e9ctrico <span class=\"_ _0\"></span>est\u00e1 <span class=\"_ _0\"></span>vi\u00e9ndose <span class=\"_ _0\"></span>influenciado<span class=\"_ _0\"></span> por <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>tensa <span class=\"_ _0\"></span>situaci\u00f3n <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>mercado<span class=\"_ _0\"></span> mayo<span class=\"_ _0\"></span>rista de<span class=\"_ _0\"></span>rivada <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>men-<span class=\"_ _29d\"> </span>cionado <span class=\"_ _c2\"></span>conflicto <span class=\"_ _c2\"></span>b\u00e9lico. <span class=\"_ _c2\"></span>En <span class=\"_ _c5\"></span>nuestro <span class=\"_ _c2\"></span>pa\u00eds, <span class=\"_ _c5\"></span>al <span class=\"_ _c2\"></span>igual <span class=\"_ _c2\"></span>que <span class=\"_ _c2\"></span>en <span class=\"_ _c5\"></span>otros <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>nuestro <span class=\"_ _c2\"></span>entorno, <span class=\"_ _c2\"></span>el <span class=\"_ _c5\"></span>precio<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>medio<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>de <span class=\"_ _c2\"></span>la electricidad ha marcado<span class=\"_ _0\"></span> r\u00e9cords en el ejercicio 202<span class=\"_ _0\"></span>2. Esta situaci\u00f3n ha obligado a las autoridade<span class=\"_ _0\"></span>s comunita-<span class=\"_ _29d\"> </span>rias y nacionales a toma<span class=\"_ _0\"></span>r medidas para intenta<span class=\"_ _0\"></span>r paliar sus efectos (ver not<span class=\"_ _0\"></span>a 3.a).  En el \u00e1<span class=\"_ _0\"></span>mbito econ\u00f3mico <span class=\"_ _0\"></span>financiero, Redeia <span class=\"_ _0\"></span>sigue contando<span class=\"_ _0\"></span> con una <span class=\"_ _0\"></span>s\u00f3lida posici\u00f3<span class=\"_ _0\"></span>n financiera para co<span class=\"_ _0\"></span>ntinuar afrontando <span class=\"_ _1\"></span>esta <span class=\"_ _c4\"></span>situaci\u00f3n <span class=\"_ _1\"></span>y <span class=\"_ _c4\"></span>han <span class=\"_ _c4\"></span>continuado <span class=\"_ _c4\"></span>aplic\u00e1nd<span class=\"_ _0\"></span>ose <span class=\"_ _c4\"></span>las <span class=\"_ _c4\"></span>medidas <span class=\"_ _1\"></span>encaminadas <span class=\"_ _1\"></span>a <span class=\"_ _c4\"></span>reforzar <span class=\"_ _c4\"></span>la <span class=\"_ _1\"></span>liquidez. <span class=\"_ _c4\"></span>El Grupo <span class=\"_ _bf\"></span>ha <span class=\"_ _0\"></span>ll<span class=\"_ _0\"></span>evado <span class=\"_ _0\"></span>a <span class=\"_ _bf\"></span>cabo <span class=\"_ _bf\"></span>en <span class=\"_ _bf\"></span>este <span class=\"_ _0\"></span>ejercic<span class=\"_ _0\"></span>io <span class=\"_ _0\"></span>2022 <span class=\"_ _bf\"></span>la <span class=\"_ _bf\"></span>venta <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>una <span class=\"_ _bf\"></span>participaci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>minoritaria<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>Reintel <span class=\"_ _bf\"></span>por <span class=\"_ _bf\"></span>importe de <span class=\"_ _c4\"></span>996 <span class=\"_ _c8\"></span>millones <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>euros <span class=\"_ _c4\"></span>y <span class=\"_ _c8\"></span>ha <span class=\"_ _c4\"></span>suscrito <span class=\"_ _c8\"></span>operacio<span class=\"_ _0\"></span>nes <span class=\"_ _c8\"></span>de <span class=\"_ _c4\"></span>cr\u00e9dito <span class=\"_ _c4\"></span>p<span class=\"_ _1\"></span>or <span class=\"_ _c4\"></span>importe <span class=\"_ _c8\"></span>de <span class=\"_ _c4\"></span>1.180 <span class=\"_ _c4\"></span>m<span class=\"_ _1\"></span>illone<span class=\"_ _0\"></span>s <span class=\"_ _c8\"></span>de <span class=\"_ _c4\"></span>euros, <span class=\"_ _c8\"></span>97 millones <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>d\u00f3lares <span class=\"_ _c5\"></span>y <span class=\"_ _c5\"></span>250 <span class=\"_ _c2\"></span>millones <span class=\"_ _c5\"></span>de <span class=\"_ _c2\"></span>euros <span class=\"_ _c5\"></span>disponible<span class=\"_ _0\"></span>s <span class=\"_ _c5\"></span>multidivisa <span class=\"_ _c2\"></span>(<span class=\"_ _1\"></span>en <span class=\"_ _c5\"></span>2021, <span class=\"_ _c2\"></span>una <span class=\"_ _c5\"> </span>emisi\u00f3n <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>bonos <span class=\"_ _c2\"></span>por importe de 600 millones de <span class=\"_ _1\"></span>euros y suscribi\u00f3 operaciones de cr\u00e9dito por importe <span class=\"_ _1\"></span>de 610 millones de euros y 30 <span class=\"_ _1\"></span>millones <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>d\u00f3lares). <span class=\"_ _1\"></span>Tras <span class=\"_ _c4\"></span>la <span class=\"_ _1\"></span>realizaci\u00f3n de <span class=\"_ _c4\"></span>estas <span class=\"_ _1\"></span>operaciones, y <span class=\"_ _c4\"></span>una <span class=\"_ _1\"></span>vez <span class=\"_ _1\"></span>hecho <span class=\"_ _1\"></span>frente <span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>anto <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>venci-<span class=\"_ _29d\"> </span>mientos <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>deuda <span class=\"_ _1\"></span>producidos, <span class=\"_ _1\"></span>como <span class=\"_ _c4\"></span>a <span class=\"_ _c4\"></span>los <span class=\"_ _1\"></span>pagos <span class=\"_ _1\"></span>como <span class=\"_ _c4\"></span>consecuencia<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>la <span class=\"_ _c4\"></span>actividad <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>G<span class=\"_ _1\"></span>rupo, <span class=\"_ _1\"></span>la <span class=\"_ _c4\"></span>posici\u00f3n<span class=\"_ _0\"></span> de <span class=\"_ _1\"></span>liquidez del Gr<span class=\"_ _1\"></span>upo a diciembre <span class=\"_ _1\"></span>de 2022 <span class=\"_ _1\"></span>alcanza los <span class=\"_ _1\"></span>3.305 millones de <span class=\"_ _1\"></span>euros (1.510 <span class=\"_ _1\"></span>millones de <span class=\"_ _1\"></span>euros de disponibilid<span class=\"_ _0\"></span>ad en <span class=\"_ _0\"></span>tesorer\u00eda e<span class=\"_ _0\"></span> inversiones <span class=\"_ _0\"></span>en el <span class=\"_ _0\"></span>merc<span class=\"_ _0\"></span>ado monetario <span class=\"_ _0\"></span>a co<span class=\"_ _0\"></span>rto p<span class=\"_ _0\"></span>lazo y <span class=\"_ _0\"></span>1.795 <span class=\"_ _0\"></span>millones <span class=\"_ _0\"></span>de euros <span class=\"_ _0\"></span>de l\u00edneas <span class=\"_ _c4\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>cr\u00e9dito <span class=\"_ _c4\"></span>disponib<span class=\"_ _0\"></span>les), <span class=\"_ _c4\"></span>y <span class=\"_ _c4\"></span>garantiza p<span class=\"_ _1\"></span>oder <span class=\"_ _1\"></span>hacer <span class=\"_ _1\"></span>frente <span class=\"_ _c4\"></span>a <span class=\"_ _c4\"></span>las <span class=\"_ _1\"></span>necesidades <span class=\"_ _1\"></span>operativas <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>tesorer\u00eda <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>a los vencimientos de deu<span class=\"_ _0\"></span>da previstos hasta 2024.<span class=\"_ _0\"></span>   La <span class=\"_ _1\"></span>Direcci\u00f3n <span class=\"_ _c4\"></span>y <span class=\"_ _1\"></span>los <span class=\"_ _c4\"></span>Administradores <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>Gr<span class=\"_ _1\"></span>upo <span class=\"_ _1\"></span>continuar\u00e1n <span class=\"_ _1\"></span>evaluando <span class=\"_ _1\"></span>la <span class=\"_ _c4\"></span>situaci\u00f3n<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>realizando <span class=\"_ _1\"></span>un <span class=\"_ _c4\"></span>exhaustivo seguimiento <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>las <span class=\"_ _c2\"></span>incidencias <span class=\"_ _c2\"></span>que <span class=\"_ _c5\"></span>se<span class=\"_ _0\"></span> <span class=\"_ _c5\"> </span>puedan <span class=\"_ _c2\"></span>registrar <span class=\"_ _c5\"></span>en <span class=\"_ _c2\"></span>las <span class=\"_ _c5\"></span>infraestru<span class=\"_ _0\"></span>cturas <span class=\"_ _c5\"></span>que <span class=\"_ _c2\"></span>gestiona, <span class=\"_ _c5\"></span>as<span class=\"_ _0\"></span>\u00ed <span class=\"_ _c5\"></span>como<span class=\"_ _0\"></span> <span class=\"_ _c5\"> </span>la evoluci\u00f3n <span class=\"_ _0\"></span>de otros factores <span class=\"_ _0\"></span>externos y el imp<span class=\"_ _0\"></span>acto que <span class=\"_ _0\"></span>los mismos pudieran <span class=\"_ _0\"></span>tener en los e<span class=\"_ _0\"></span>stados financie<span class=\"_ _0\"></span>ros.<span class=\"_ _29d\"> </span>6<span class=\"ff3\"> <span class=\"_ _d5\"> </span></span>Com<span class=\"_ _1\"></span>binaci\u00f3n d<span class=\"_ _1\"></span>e negocios  Combinaciones de nego<span class=\"_ _0\"></span>cios realizadas en<span class=\"_ _0\"></span> 2022   <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"fc1\">A<span class=\"_ _1\"></span>dquisici\u00f3n de Axess<span class=\"_ _0\"></span> Networks Solutions Ho<span class=\"_ _0\"></span>ldings, S.L.<span class=\"ff3\">  </span></span></span>El 9 de <span class=\"_ _1\"></span>agosto de 2022, tras<span class=\"_ _0\"></span> la <span class=\"_ _1\"></span>obtenci\u00f3n de todas las autorizaciones nec<span class=\"_ _0\"></span>esarias y cumplimiento de las con-<span class=\"_ _29d\"> </span>diciones suspensivas, Hisp<span class=\"_ _0\"></span>asat S.<span class=\"_ _1\"></span>A, adquiri\u00f3 el 100% del capital social de la <span class=\"_ _1\"></span>compa\u00f1\u00eda<span class=\"_ _0\"></span> A<span class=\"_ _1\"></span>xess Netwo<span class=\"_ _0\"></span>rks <span class=\"_ _1\"></span>So-<span class=\"_ _29d\"> </span>lutions Holdings, <span class=\"_ _1\"></span>S.L., en <span class=\"_ _1\"></span>adelante \u201cAxess Networks\u201d. <span class=\"_ _1\"></span>y, por tant<span class=\"_ _1\"></span>o, a partir <span class=\"_ _1\"></span>de dicha <span class=\"_ _1\"></span>fecha se <span class=\"_ _1\"></span>ha consolidado<span class=\"_ _0\"></span> por integraci\u00f3n global en<span class=\"_ _0\"></span> Redeia.  Axess Networks es una<span class=\"_ _0\"></span> empresa de telecomunica<span class=\"_ _0\"></span>ciones especializada<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>en servicios y solucio<span class=\"_ _0\"></span>nes por sat\u00e9lite al m<span class=\"_ _1\"></span>ercado corporativo (telcos y <span class=\"_ _1\"></span>grandes empresas) y <span class=\"_ _c4\"></span>Ad<span class=\"_ _0\"></span>ministraciones. Tiene <span class=\"_ _1\"></span>presencia en Latam <span class=\"_ _1\"></span>(Colom-<span class=\"_ _29d\"> </span>bia, M\u00e9xico, Per\u00fa, Ecuad<span class=\"_ _0\"></span>or y Chile) y EMEA (prin<span class=\"_ _0\"></span>cipalmente \u00c1frica y Orie<span class=\"_ _0\"></span>nte Medio).  Al <span class=\"_ _c4\"></span>cierre <span class=\"_ _c4\"></span>del <span class=\"_ _1\"></span>ej<span class=\"_ _1\"></span>ercici<span class=\"_ _0\"></span>o <span class=\"_ _c8\"></span>202<span class=\"_ _0\"></span>2, <span class=\"_ _c4\"></span>se <span class=\"_ _c4\"></span>ha <span class=\"_ _c4\"></span>concluido <span class=\"_ _c4\"></span>el <span class=\"_ _1\"></span>Proceso <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>Asignaci\u00f3n <span class=\"_ _c4\"></span>del <span class=\"_ _c4\"></span>Precio <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>Adquisici\u00f3n <span class=\"_ _c4\"></span>(Purchase Price <span class=\"_ _1\"></span>Allocation <span class=\"_ _1\"></span>PPA, <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>sus <span class=\"_ _1\"></span>siglas <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>ingl\u00e9s) y <span class=\"_ _c4\"></span>el <span class=\"_ _1\"></span>Grupo <span class=\"_ _1\"></span>ha <span class=\"_ _1\"></span>asignado <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>exceso <span class=\"_ _1\"></span>entre el <span class=\"_ _1\"></span>precio <span class=\"_ _1\"></span>pagado <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>el valor contable de<span class=\"_ _0\"></span> los activos ne<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>os adqu<span class=\"_ _0\"></span>iridos, principalmente, al Fo<span class=\"_ _0\"></span>ndo de Comercio y<span class=\"_ _0\"></span> a la Cartera de clie<span class=\"_ _0\"></span>n-<span class=\"_ _29d\"> </span>tes. <span class=\"_ _1\"></span>La <span class=\"_ _c4\"></span>contabilizaci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>esta <span class=\"_ _c4\"></span>combinaci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>negocios <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>ha <span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ealizado <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>acuerdo <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>establecido <span class=\"_ _1\"></span>por la NIIF 3.   El <span class=\"_ _c4\"></span>Gr<span class=\"_ _1\"></span>upo <span class=\"_ _c4\"></span>ha <span class=\"_ _c4\"></span>r<span class=\"_ _1\"></span>econocido <span class=\"_ _1\"></span>los <span class=\"_ _c8\"></span>activos <span class=\"_ _c8\"></span>adquiridos <span class=\"_ _c4\"></span>y <span class=\"_ _c8\"></span>los <span class=\"_ _c4\"></span>pasivos <span class=\"_ _c8\"></span>asumidos <span class=\"_ _c4\"></span>por <span class=\"_ _c8\"></span>su <span class=\"_ _c4\"></span>valor <span class=\"_ _c8\"></span>razonable <span class=\"_ _c4\"></span>determinado<span class=\"_ _0\"></span> por <span class=\"_ _1\"></span>un <span class=\"_ _c4\"></span>experto<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>independien<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>e. <span class=\"_ _1\"></span>La <span class=\"_ _1\"></span>siguiente <span class=\"_ _1\"></span>tabla <span class=\"_ _1\"></span>resume <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>act<span class=\"_ _1\"></span>ivos <span class=\"_ _1\"></span>netos adquiridos <span class=\"_ _c4\"></span>a <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>fecha <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>adquisi-<span class=\"_ _29d\"> </span>ci\u00f3n:  USD <span class=\"_ _da\"> </span>EUR Valor  Valor  09/08/2022 <span class=\"_ _db\"> </span>Ajustes  09/08/2022 <span class=\"_ _75\"> </span>Ajustes razonable razonable Miles<span class=\"_ _29d\"> </span>Inmovilizado intangible <span class=\"_ _dc\"> </span>20.284<span class=\"_ _29d\"> </span>49.744<span class=\"_ _29d\"> </span>70.028<span class=\"_ _29d\"> </span>19.855<span class=\"_ _29d\"> </span>48.692<span class=\"_ _29d\"> </span>68.547<span class=\"_ _29d\"> </span>Inmovilizado material <span class=\"_ _dd\"> </span>21.291<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>21.291<span class=\"_ _29d\"> </span>20.841<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>20.841<span class=\"_ _29d\"> </span>Otros activos no corrientes <span class=\"_ _de\"> </span>1.949<span class=\"_ _29d\"> </span>4.158<span class=\"_ _29d\"> </span>6.107<span class=\"_ _29d\"> </span>1.908<span class=\"_ _29d\"> </span>4.070<span class=\"_ _29d\"> </span>5.978<span class=\"_ _29d\"> </span>Otros activos corrientes <span class=\"_ _df\"> </span>22.581<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>22.581<span class=\"_ _29d\"> </span>22.104<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>22.104<span class=\"_ _29d\"> </span>Efectivo y equivalentes de ef<span class=\"_ _1\"></span>ectivo <span class=\"_ _e0\"> </span>2.825<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>2.825<span class=\"_ _29d\"> </span>2.765<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>2.765<span class=\"_ _29d\"> </span>Total Activos <span class=\"_ _e1\"> </span>68.930<span class=\"_ _29d\"> </span>53.902<span class=\"_ _29d\"> </span>122.832<span class=\"_ _29d\"> </span>67.473<span class=\"_ _29d\"> </span>52.762<span class=\"_ _29d\"> </span>120.235<span class=\"_ _29d\"> </span>Socios Minoritarios <span class=\"_ _da\"> </span>(748)<span class=\"_ _29d\"> </span>- <span class=\"_ _25\"> </span>(748)<span class=\"_ _29d\"> </span>(732)<span class=\"_ _29d\"> </span>- <span class=\"_ _8a\"> </span>(732)<span class=\"_ _29d\"> </span>Pasivos no corrientes <span class=\"_ _e2\"> </span>(27.353)<span class=\"_ _29d\"> </span>(28.638)<span class=\"_ _29d\"> </span>(55.991)<span class=\"_ _29d\"> </span>(26.775)<span class=\"_ _29d\"> </span>(28.032)<span class=\"_ _29d\"> </span>(54.807)<span class=\"_ _29d\"> </span>Pasivos corrientes <span class=\"_ _e3\"> </span>(16.289)<span class=\"_ _29d\"> </span>-  <span class=\"_ _6c\"> </span>(16.289)<span class=\"_ _29d\"> </span>(15.944)  <span class=\"_ _c\"> </span>(15.9<span class=\"_ _1\"></span>45)<span class=\"_ _29d\"> </span>Total Pasivos <span class=\"_ _e4\"> </span>(44.390)<span class=\"_ _29d\"> </span>(28.638)<span class=\"_ _29d\"> </span>(73.028)<span class=\"_ _29d\"> </span>(43.451)<span class=\"_ _29d\"> </span>(28.032)<span class=\"_ _29d\"> </span>(71.484)<span class=\"_ _29d\"> </span>Total Activos Netos <span class=\"_ _e5\"> </span>24.540<span class=\"_ _29d\"> </span>25.264<span class=\"_ _29d\"> </span>49.804<span class=\"_ _29d\"> </span>24.022<span class=\"_ _29d\"> </span>24.729<span class=\"_ _29d\"> </span>48.751<span class=\"_ _29d\"> </span>Precio pagado<span class=\"_ _1\"></span> (100%) 95.567<span class=\"_ _29d\"> </span>93.702<span class=\"_ _29d\"> </span>Fondo de comercio 45.763<span class=\"_ _29d\"> </span>44.951<span class=\"_ _29d\"> </span>Los <span class=\"_ _c2\"></span>principale<span class=\"_ _0\"></span>s <span class=\"_ _c2\"></span>ajustes <span class=\"_ _c8\"></span>por <span class=\"_ _c2\"></span>valor <span class=\"_ _c8\"></span>r<span class=\"_ _1\"></span>azonable<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>a <span class=\"_ _c2\"></span>los <span class=\"_ _c2\"></span>activos <span class=\"_ _c8\"></span>y <span class=\"_ _c2\"></span>pasivos <span class=\"_ _c8\"></span>identificados <span class=\"_ _c2\"></span>de <span class=\"_ _c8\"></span>Axess <span class=\"_ _c2\"></span>han <span class=\"_ _c2\"></span>sido <span class=\"_ _c8\"></span>los <span class=\"_ _c2\"></span>si-<span class=\"_ _29d\"> </span>guientes:   <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Reconocimiento <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>un <span class=\"_ _1\"></span>activo <span class=\"_ _1\"></span>intangible <span class=\"_ _1\"></span>correspondien<span class=\"_ _0\"></span>te <span class=\"_ _c4\"></span>a <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>valoraci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>la <span class=\"_ _1\"></span>Cartera <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>Clientes. Se <span class=\"_ _c4\"></span>ha </span></span>asignado valor a los bene<span class=\"_ _0\"></span>f<span class=\"_ _1\"></span>icios futuros prob<span class=\"_ _0\"></span>ables de las relaciones contrac<span class=\"_ _0\"></span>tuales con clientes por importe de <span class=\"_ _0\"></span>48.692 <span class=\"_ _0\"></span>miles <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>euros<span class=\"_ _0\"></span> (4<span class=\"_ _0\"></span>9.744 <span class=\"_ _0\"></span>miles <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>d\u00f3la<span class=\"_ _0\"></span>res <span class=\"_ _0\"></span>estadounidenses). <span class=\"_ _0\"></span>Este <span class=\"_ _bf\"></span>activo in<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>angible<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>tiene <span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>vida \u00fatil d<span class=\"_ _0\"></span>e 10 <span class=\"_ _0\"></span>a\u00f1os. <span class=\"_ _0\"></span>La ca<span class=\"_ _0\"></span>rtera <span class=\"_ _0\"></span>de clientes<span class=\"_ _0\"></span> ha <span class=\"_ _0\"></span>sido <span class=\"_ _0\"></span>valorada sig<span class=\"_ _0\"></span>uiendo l<span class=\"_ _0\"></span>a metod<span class=\"_ _0\"></span>olog\u00eda de <span class=\"_ _0\"></span>MEEM <span class=\"_ _0\"></span>(por <span class=\"_ _0\"></span>sus si<span class=\"_ _0\"></span>glas en ingl\u00e9s Multi-period Ex<span class=\"_ _0\"></span>cess Earning Method). <span class=\"_ _0\"></span> o<span class=\"ff5\"> <span class=\"_ _d0\"> </span><span class=\"ff3 fc1\">Los principales par\u00e1me<span class=\"_ _0\"></span>tros empleados en la<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>valoraci<span class=\"_ _0\"></span>\u00f3n fueron los siguientes:  </span></span> <span class=\"ff5 sc0\"> <span class=\"_ _d2\"> </span><span class=\"ff3 fc1\">Tasa de descuento de lo<span class=\"_ _0\"></span>s activos intangibles:<span class=\"_ _0\"></span> 8,<span class=\"_ _1\"></span>7% despu\u00e9s<span class=\"_ _0\"></span> de impuestos.  </span></span> <span class=\"ff5 sc0\"> <span class=\"_ _d2\"> </span><span class=\"ff3 fc1\">Tasa media anual de<span class=\"_ _0\"></span> cancelaci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>de 5% y 2%<span class=\"_ _0\"></span> para clientes pertenecien<span class=\"_ _0\"></span>tes a las zonas geogr\u00e1fic<span class=\"_ _0\"></span>as </span></span>de Am\u00e9ricas (princip<span class=\"_ _0\"></span>almente Colombia, M\u00e9xic<span class=\"_ _0\"></span>o, Ecuador, Chile<span class=\"_ _0\"></span> y <span class=\"_ _1\"></span>Per\u00fa<span class=\"_ _0\"></span>) y EMEA, respectivamen<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>e.  <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Reconocimiento <span class=\"_ _1\"></span>de pasivos <span class=\"_ _1\"></span>no corrientes <span class=\"_ _1\"></span>por importe de <span class=\"_ _1\"></span>28.032 miles <span class=\"_ _1\"></span>de euros (28.638 m<span class=\"_ _1\"></span>iles de d\u00f3lares </span></span>americanos) que corresp<span class=\"_ _0\"></span>onden principalmen<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>e co<span class=\"_ _0\"></span>n:  o<span class=\"ff5\"> <span class=\"_ _d0\"> </span><span class=\"ff3 fc1\">14.480 <span class=\"_ _c2\"></span>miles <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>euros <span class=\"_ _c2\"></span>(14.793 <span class=\"_ _c2\"></span>miles <span class=\"_ _c5\"></span>de <span class=\"_ _c2\"></span>d\u00f3lares <span class=\"_ _c2\"></span>estadounidenses) <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>pasivos <span class=\"_ _c2\"></span>por <span class=\"_ _c5\"></span>impuesto <span class=\"_ _c8\"></span>diferido </span></span>correspondien<span class=\"_ _0\"></span>tes, <span class=\"_ _c5\"></span>princip<span class=\"_ _0\"></span>almente, <span class=\"_ _c2\"></span>por <span class=\"_ _c2\"></span>los <span class=\"_ _c5\"></span>a<span class=\"_ _0\"></span>justes <span class=\"_ _c2\"></span>del <span class=\"_ _c2\"></span>valor <span class=\"_ _c2\"></span>razonable <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>los <span class=\"_ _c2\"></span>activos <span class=\"_ _c2\"></span>considerando<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>la tasa impositiva nomin<span class=\"_ _0\"></span>al aplicable<span class=\"_ _0\"></span> en funci\u00f3n <span class=\"_ _1\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>la localiz<span class=\"_ _0\"></span>aci\u00f3n de los activos.  o<span class=\"ff5\"> <span class=\"_ _d0\"> </span><span class=\"ff3 fc1\">11.172 <span class=\"_ _1\"></span>miles <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>euros <span class=\"_ _1\"></span>(11.413 <span class=\"_ _1\"></span>miles <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>d\u00f3lares estadounidenses) <span class=\"_ _1\"></span>correspond<span class=\"_ _0\"></span>ientes <span class=\"_ _1\"></span>a <span class=\"_ _c4\"></span>ciertos <span class=\"_ _1\"></span>pasivos </span></span>contingentes.  El Fondo de comercio resu<span class=\"_ _0\"></span>ltante <span class=\"_ _1\"></span>de esta combina<span class=\"_ _0\"></span>ci\u00f3n de negocios es atribuible<span class=\"_ _0\"></span> a los beneficios en el Grupo Hispasat y sinergias que se <span class=\"_ _1\"></span>prev\u00e9n que surjan como consecuencia de la <span class=\"_ _1\"></span>ad<span class=\"_ _0\"></span>quisici\u00f3n e <span class=\"_ _1\"></span>integraci\u00f3n de Axess Networks. En es<span class=\"_ _0\"></span>te proceso de asigna<span class=\"_ _0\"></span>ci\u00f3n se ha identificado Fondo<span class=\"_ _0\"></span> de comercio por <span class=\"_ _0\"></span>importe de 44<span class=\"_ _0\"></span>.951 miles de <span class=\"_ _1\"></span>eur<span class=\"_ _1\"></span>os <span class=\"_ _1\"></span>(equivalentes <span class=\"_ _1\"></span>a <span class=\"_ _c4\"></span>45.763 <span class=\"_ _1\"></span>miles <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>d\u00f3lares <span class=\"_ _1\"></span>estadounidenses), <span class=\"_ _1\"></span>lo <span class=\"_ _c4\"></span>que <span class=\"_ _1\"></span>sumado <span class=\"_ _1\"></span>al <span class=\"_ _c4\"></span>Fondo <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>Comercio que recog\u00eda<span class=\"_ _0\"></span> el bala<span class=\"_ _0\"></span>nce de Axe<span class=\"_ _0\"></span>ss Networks su<span class=\"_ _0\"></span>pone un Fo<span class=\"_ _0\"></span>ndo de <span class=\"_ _0\"></span>comercio <span class=\"_ _0\"></span>total, a la <span class=\"_ _0\"></span>fecha de <span class=\"_ _0\"></span>la combin<span class=\"_ _0\"></span>aci\u00f3n de <span class=\"_ _1\"></span>negocios <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>57.062 <span class=\"_ _1\"></span>miles <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>euros <span class=\"_ _c4\"></span>(equivalen<span class=\"_ _0\"></span>tes <span class=\"_ _c4\"></span>a <span class=\"_ _c4\"></span>58.135 <span class=\"_ _1\"></span>miles <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>d\u00f3lares <span class=\"_ _1\"></span>estadounidenses) <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>a <span class=\"_ _c4\"></span>31 de diciembre de 2022<span class=\"_ _0\"></span> suponen 55.037 miles de e<span class=\"_ _0\"></span>uros.  El importe <span class=\"_ _1\"></span>neto de <span class=\"_ _1\"></span>la cifra de <span class=\"_ _1\"></span>negocio y <span class=\"_ _1\"></span>del resultado neto <span class=\"_ _1\"></span>consolidado<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>del periodo, <span class=\"_ _1\"></span>aportado desde la fecha de <span class=\"_ _1\"></span>adquisici\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _1\"></span>ha <span class=\"_ _1\"></span>ascendid<span class=\"_ _0\"></span>o <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>28.500 miles <span class=\"_ _1\"></span>de euros <span class=\"_ _1\"></span>y m<span class=\"_ _1\"></span>enos 1.274 <span class=\"_ _1\"></span>mile<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>euros, respectivamente. Si <span class=\"_ _1\"></span>la adquisici\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>hubiera <span class=\"_ _1\"></span>tenido lugar <span class=\"_ _c4\"></span>el <span class=\"_ _1\"></span>1 <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>enero <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>2022, <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>importe <span class=\"_ _1\"></span>neto <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>cifra <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>negocio <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>resultado neto consolidado aporta<span class=\"_ _0\"></span>do habr\u00eda ascendido<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>a 66.346 y<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>menos 2.8<span class=\"_ _0\"></span>49 miles de euros, respectiva<span class=\"_ _0\"></span>mente.  El <span class=\"_ _c4\"></span>Grupo <span class=\"_ _c4\"></span>incurri\u00f3 <span class=\"_ _1\"></span>en <span class=\"_ _c4\"></span>costes <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>adquisici\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>2.776 <span class=\"_ _c4\"></span>miles <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>euros, <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>los <span class=\"_ _c8\"></span>cuales <span class=\"_ _1\"></span>1.776 <span class=\"_ _c4\"></span>miles <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>euros <span class=\"_ _1\"></span>se han <span class=\"_ _0\"></span>devengado<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>ejerci<span class=\"_ _0\"></span>cio <span class=\"_ _0\"></span>2022, <span class=\"_ _0\"></span>habi\u00e9nd<span class=\"_ _0\"></span>ose <span class=\"_ _0\"></span>registrado <span class=\"_ _0\"></span>el <span class=\"_ _bf\"></span>resto <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>ejercic<span class=\"_ _0\"></span>ios <span class=\"_ _0\"></span>anteriores. <span class=\"_ _0\"></span>Es<span class=\"_ _0\"></span>tos <span class=\"_ _0\"></span>costes <span class=\"_ _0\"></span>han sido incluidos en Otro<span class=\"_ _0\"></span>s gastos de explotaci\u00f3n de l<span class=\"_ _0\"></span>a Cuenta de Resultados<span class=\"_ _0\"></span> Consolidada.  Combinaciones de nego<span class=\"_ _0\"></span>cios realizadas en<span class=\"_ _0\"></span> 2021  <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"fc1\">A<span class=\"_ _1\"></span>dquisici\u00f3n negoc<span class=\"_ _0\"></span>io transmisi\u00f3n de televisi\u00f3<span class=\"_ _0\"></span>n satelital en Per\u00fa.<span class=\"ff3\">  </span></span></span>Con <span class=\"_ _0\"></span>fecha <span class=\"_ _0\"></span>1 <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>mayo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>2021, <span class=\"_ _0\"></span>Hispasat,<span class=\"_ _0\"></span> a<span class=\"_ _0\"></span> t<span class=\"_ _0\"></span>rav\u00e9s <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>Sociedad<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>Hispasat <span class=\"_ _0\"></span>Per\u00fa <span class=\"_ _0\"></span>S.A.C.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>(en ade<span class=\"_ _0\"></span>lante <span class=\"_ _0\"></span>Hispasa<span class=\"_ _0\"></span>t Per\u00fa), <span class=\"_ _bf\"></span>subsidiaria <span class=\"_ _bf\"></span>al <span class=\"_ _0\"></span>100<span class=\"_ _0\"></span>% <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>Hispasat <span class=\"_ _bf\"></span>S.A., <span class=\"_ _0\"></span>llev\u00f3<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>cabo<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>la <span class=\"_ _bf\"></span>adquisici\u00f3n <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>una <span class=\"_ _0\"></span>serie <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>activos <span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ra <span class=\"_ _bf\"></span>la <span class=\"_ _0\"></span>gesti\u00f3n<span class=\"_ _0\"></span> y transporte de se\u00f1ales<span class=\"_ _0\"></span> de video en Latinoam\u00e9<span class=\"_ _0\"></span>rica.   La operaci\u00f3n consisti\u00f3 en el traspaso de activos fijos <span class=\"_ _1\"></span>y contratos<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>con clientes, as\u00ed como de la infraestructura<span class=\"_ _0\"></span> operativa necesaria <span class=\"_ _1\"></span>para la <span class=\"_ _1\"></span>prestaci\u00f3n <span class=\"_ _1\"></span>del servicio, <span class=\"_ _1\"></span>incluyendo el tr<span class=\"_ _1\"></span>aspaso de <span class=\"_ _1\"></span>empleados que <span class=\"_ _1\"></span>pasan <span class=\"_ _1\"></span>a estar vinculados laboralmen<span class=\"_ _0\"></span>te a Hispasat Per\u00fa. <span class=\"_ _0\"></span> El <span class=\"_ _c4\"></span>precio <span class=\"_ _c4\"></span>total <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>operaci\u00f3n <span class=\"_ _1\"></span>ascendi\u00f3 <span class=\"_ _c4\"></span>a <span class=\"_ _c4\"></span>6,7 <span class=\"_ _1\"></span>millones <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>euros <span class=\"_ _c4\"></span>(7,7 <span class=\"_ _1\"></span>millones <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>d\u00f3lares <span class=\"_ _c4\"></span>estadoun<span class=\"_ _0\"></span>idenses) que <span class=\"_ _1\"></span>fueron <span class=\"_ _1\"></span>desembolsado<span class=\"_ _0\"></span>s <span class=\"_ _c4\"></span>en su <span class=\"_ _c4\"></span>totalidad a <span class=\"_ _1\"></span>31 <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>diciembre <span class=\"_ _1\"></span>de 2021 <span class=\"_ _1\"></span>no <span class=\"_ _1\"></span>quedando <span class=\"_ _1\"></span>registrado <span class=\"_ _1\"></span>en el <span class=\"_ _1\"></span>pasivo ninguna cantidad por es<span class=\"_ _0\"></span>te motivo a dicha fecha.<span class=\"_ _0\"></span>  La <span class=\"_ _1\"></span>operaci\u00f3n <span class=\"_ _1\"></span>fue <span class=\"_ _1\"></span>considerada <span class=\"_ _1\"></span>una <span class=\"_ _c4\"></span>combinaci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>negocios <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>a <span class=\"_ _c4\"></span>31 <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>diciembre <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>202 <span class=\"_ _1\"></span>finaliz\u00f3 <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>proceso de <span class=\"_ _c2\"></span>Asignaci\u00f3n <span class=\"_ _c2\"></span>del <span class=\"_ _c2\"></span>Precio <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>Adquisici\u00f3n <span class=\"_ _c2\"></span>(PPA, <span class=\"_ _c2\"></span>por <span class=\"_ _c5\"></span>sus<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>siglas <span class=\"_ _c8\"></span>en <span class=\"_ _c5\"></span>ingl\u00e9s) <span class=\"_ _c8\"></span>que <span class=\"_ _c2\"></span>f<span class=\"_ _1\"></span>ue <span class=\"_ _c2\"></span>encargado<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>a <span class=\"_ _c2\"></span>un <span class=\"_ _c2\"></span>experto independie<span class=\"_ _0\"></span>nte.  La <span class=\"_ _1\"></span>siguiente <span class=\"_ _1\"></span>tabla <span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>esume<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>los <span class=\"_ _1\"></span>importes <span class=\"_ _1\"></span>reconocidos <span class=\"_ _1\"></span>para <span class=\"_ _1\"></span>los <span class=\"_ _c4\"></span>activos adquiridos <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>los <span class=\"_ _c4\"></span>pasivos <span class=\"_ _1\"></span>asumid<span class=\"_ _0\"></span>os <span class=\"_ _c4\"></span>a <span class=\"_ _1\"></span>la fecha de adquisici\u00f3<span class=\"_ _0\"></span>n:  Miles de euros<span class=\"_ _21f\"></span><span class=\"_ _29d\"> </span>01/05/2021<span class=\"_ _29d\"> </span>Inmovilizado in<span class=\"_ _1\"></span>tangible<span class=\"_ _1\"></span> <span class=\"_ _e6\"> </span>3.788<span class=\"_ _29d\"> </span>- Cartera de cl<span class=\"_ _1\"></span>ientes <span class=\"_ _e7\"> </span>3.788<span class=\"_ _29d\"> </span>Inmovilizado mat<span class=\"_ _1\"></span>erial<span class=\"_ _1\"></span> <span class=\"_ _e8\"> </span>2.890<span class=\"_ _29d\"> </span>- Instalacion<span class=\"_ _1\"></span>es t\u00e9cnicas de <span class=\"_ _1\"></span>telecomunicaci<span class=\"_ _1\"></span>ones <span class=\"_ _e9\"> </span>1.957<span class=\"_ _29d\"> </span>- Anticipos <span class=\"_ _1\"></span>e inmovilizado mater<span class=\"_ _1\"></span>ial en curso <span class=\"_ _ea\"> </span>933<span class=\"_ _29d\"> </span>Total Activos <span class=\"_ _1\"></span>Netos <span class=\"_ _eb\"> </span>6.678<span class=\"_ _29d\"> </span>El importe <span class=\"_ _c4\"></span>neto de <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>cifra <span class=\"_ _1\"></span>de negocio <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>del r<span class=\"_ _1\"></span>esultado neto <span class=\"_ _1\"></span>consolidad<span class=\"_ _0\"></span>o <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>31 <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>diciembre de <span class=\"_ _1\"></span>2021 aportado desde la fecha de adquis<span class=\"_ _0\"></span>ici\u00f3n ascendi\u00f3<span class=\"_ _0\"></span> a <span class=\"_ _1\"></span>19<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>1 y 3,5 mil<span class=\"_ _0\"></span>lones de euros, respectivamen<span class=\"_ _0\"></span>te.<span class=\"_ _29d\"> </span>El G<span class=\"_ _1\"></span>rupo incurri\u00f3 <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>costes de <span class=\"_ _1\"></span>adquisici\u00f3n <span class=\"_ _1\"></span>de 0,8 <span class=\"_ _1\"></span>millones de <span class=\"_ _c4\"></span>euros. <span class=\"_ _1\"></span>Esto<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>costes <span class=\"_ _1\"></span>fueron <span class=\"_ _1\"></span>incluid<span class=\"_ _0\"></span>os <span class=\"_ _1\"></span>en O<span class=\"_ _1\"></span>tros gastos de explotaci\u00f3<span class=\"_ _0\"></span>n de la Cuenta de Resultado<span class=\"_ _0\"></span>s Consolidada.  Adiciona<span class=\"_ _0\"></span>lmente <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>precio de <span class=\"_ _1\"></span>adquisici\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>pagado por <span class=\"_ _1\"></span>los activos par<span class=\"_ _1\"></span>a la <span class=\"_ _1\"></span>gesti\u00f3n <span class=\"_ _1\"></span>del negocio de t<span class=\"_ _1\"></span>ransporte de se\u00f1ales <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>v\u00eddeo <span class=\"_ _bf\"></span>en <span class=\"_ _0\"></span>Latinoa<span class=\"_ _0\"></span>m\u00e9rica <span class=\"_ _0\"></span>ya <span class=\"_ _bf\"></span>descrito, <span class=\"_ _0\"></span>en <span class=\"_ _bf\"></span>el <span class=\"_ _0\"></span>contrato <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>comprave<span class=\"_ _0\"></span>nta <span class=\"_ _0\"></span>suscrito, <span class=\"_ _0\"></span>la<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>sociedad<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>del <span class=\"_ _bf\"></span>Grupo Hispasat <span class=\"_ _0\"></span>Per\u00fa, <span class=\"_ _0\"></span>S.A.C, <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>condici\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>mprador, as<span class=\"_ _0\"></span>umi\u00f3 <span class=\"_ _0\"></span>el co<span class=\"_ _0\"></span>mpromiso <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>abonar <span class=\"_ _bf\"></span>al vendedo<span class=\"_ _0\"></span>r u<span class=\"_ _0\"></span>n pa<span class=\"_ _0\"></span>go, en <span class=\"_ _1\"></span>los <span class=\"_ _c4\"></span>ejercicios <span class=\"_ _1\"></span>2024 <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>2025,<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>sujetos <span class=\"_ _1\"></span>y <span class=\"_ _c4\"></span>condicionados <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>cumplimiento <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>un <span class=\"_ _1\"></span>indicador <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>negocio <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>31 <span class=\"_ _c4\"></span>de diciembre de 2023 y 2<span class=\"_ _0\"></span>024 respectivamente. <span class=\"_ _0\"></span>  A <span class=\"_ _0\"></span>cierre del <span class=\"_ _0\"></span>ejercicio <span class=\"_ _0\"></span>2022 <span class=\"_ _0\"></span>se ha <span class=\"_ _0\"></span>materiali<span class=\"_ _0\"></span>zado el <span class=\"_ _0\"></span>cumpli<span class=\"_ _0\"></span>miento de<span class=\"_ _0\"></span> dichos <span class=\"_ _0\"></span>indicadores, <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>lo <span class=\"_ _0\"></span>cual se<span class=\"_ _0\"></span> ha <span class=\"_ _0\"></span>regis-<span class=\"_ _29d\"> </span>trado un pasivo continge<span class=\"_ _0\"></span>nte por importe de<span class=\"_ _0\"></span> 936 miles de euros (v\u00e9ase no<span class=\"_ _0\"></span>ta 16).  7<span class=\"ff3\"> <span class=\"_ _ce\"> </span></span>Inmovi<span class=\"_ _1\"></span>lizado in<span class=\"_ _1\"></span>tangible <span class=\"_ _1\"></span> El m<span class=\"_ _1\"></span>ovimiento pr<span class=\"_ _1\"></span>odu<span class=\"_ _0\"></span>cido <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>ejercicios <span class=\"_ _1\"></span>2022 <span class=\"_ _1\"></span>y 2021 <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>diferentes cuentas <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>Inmovilizado<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>intangible y de sus correspondien<span class=\"_ _0\"></span>tes amortizaciones<span class=\"_ _0\"></span> acumuladas ha sido el <span class=\"_ _0\"></span>siguiente:<span class=\"_ _29d\"> </span>31 de  Variacio-<span class=\"_ _29d\"> </span>Modificaci\u00f3<span class=\"_ _1\"></span>n 31 de  Variacione<span class=\"_ _1\"></span>s Modificaci\u00f3<span class=\"_ _1\"></span>n  31 de diciembre nes tipo de per\u00edmetro de Altas  <span class=\"_ _cd\"> </span>Baja<span class=\"_ _1\"></span>s <span class=\"_ _c6\"> </span>Traspasos<span class=\"_ _29d\"> </span>diciembre tipo de  per\u00edmetro de Altas  <span class=\"_ _ec\"> </span>Bajas <span class=\"_ _cc\"> </span>Tr<span class=\"_ _1\"></span>aspasos diciembre <span class=\"_ _1\"></span> de 2020  cambio consolidaci<span class=\"_ _1\"></span>\u00f3n de 2021 cambio consolidaci<span class=\"_ _1\"></span>\u00f3n de 2022 Miles de eur<span class=\"_ _1\"></span>os<span class=\"_ _29d\"> </span>Concesiones administrati-<span class=\"_ _29d\"> </span>388.390 29.462 - 275 - 75 418.202 25.224 - 5.548 - 41 449.015 vas y Propiedad Industrial Marca <span class=\"_ _b5\"> </span>15.234 - - - - - 15.234 - - - - - 15.234 Gastos de desarrollo y  90.491 360   <span class=\"_ _ed\"> </span>- (662)<span class=\"_ _29d\"> </span>5.704 95.893 354 601 1.889 - 18.358 117.095 Aplicaciones inform\u00e1ticas Fondo de Comercio <span class=\"_ _65\"> </span>231.415 279 - - - - 231.694 (1.801)<span class=\"_ _29d\"> </span>57.062 - - - 286.955 Otro Inmovilizado Intangible<span class=\"_ _29d\"> </span>45.242 3.774 3.788 - - - 52.804 1.059 55.835 - - - 109.698 Inmovilizado intangible en 13.013 1.085 - 36.301   <span class=\"_ _ee\"> </span>(6.380)<span class=\"_ _29d\"> </span>44.019 614 - 39.225 - (18.399)<span class=\"_ _29d\"> </span>65.459 curso Total Inmovi<span class=\"_ _1\"></span>lizado  783.785<span class=\"_ _29d\"> </span>34.960<span class=\"_ _29d\"> </span>3.788<span class=\"_ _29d\"> </span>36.576<span class=\"_ _29d\"> </span>(662)<span class=\"_ _29d\"> </span>(601)<span class=\"_ _29d\"> </span>857.846<span class=\"_ _29d\"> </span>25.450<span class=\"_ _29d\"> </span>113.498<span class=\"_ _29d\"> </span>46.662<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>1.043.456<span class=\"_ _29d\"> </span>Intangible<span class=\"_ _29d\"> </span>Amortizaci\u00f3n Acum.  Concesiones administrati-<span class=\"_ _29d\"> </span>(44.396)<span class=\"_ _29d\"> </span>(4.639)<span class=\"_ _29d\"> </span>- (18.027)<span class=\"_ _29d\"> </span>- - (67.062)<span class=\"_ _29d\"> </span>(3.870)<span class=\"_ _29d\"> </span>- (20.785)<span class=\"_ _29d\"> </span>- (340)<span class=\"_ _29d\"> </span>(92.057)<span class=\"_ _29d\"> </span>vas y Propiedad Industrial Amortizaci\u00f3n Acum.  Marca <span class=\"_ _db\"> </span>(1.905)<span class=\"_ _29d\"> </span>- - (1.523)<span class=\"_ _29d\"> </span>- - (3.428)<span class=\"_ _29d\"> </span>- - (1.523)<span class=\"_ _29d\"> </span>- - (4.951)<span class=\"_ _29d\"> </span>Amortizaci\u00f3n Acum. Gastos de desarrollo y Aplicaciones (40.955)<span class=\"_ _29d\"> </span>(18)<span class=\"_ _29d\"> </span>- (18.900)<span class=\"_ _29d\"> </span>343   <span class=\"_ _65\"> </span>(59.5<span class=\"_ _1\"></span>30)<span class=\"_ _29d\"> </span>(10)<span class=\"_ _29d\"> </span>- (20.476)<span class=\"_ _29d\"> </span>- 20 (79.996)<span class=\"_ _29d\"> </span>inform\u00e1ticas Amortizaci\u00f3n Acum. Otro - - - (1.528)  <span class=\"_ _3\"> </span>  <span class=\"_ _88\"> </span>(1.52<span class=\"_ _1\"></span>8)<span class=\"_ _29d\"> </span>(62)<span class=\"_ _29d\"> </span>- (4.356)<span class=\"_ _29d\"> </span>- 320 (5.626)<span class=\"_ _29d\"> </span>Inmovilizado Intangible Total Amortizaci\u00f3n  (87.256)<span class=\"_ _29d\"> </span>(4.657)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>(39.978)<span class=\"_ _29d\"> </span>343<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>(131.548)<span class=\"_ _29d\"> </span>(3.942)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>(47.140)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>(182.630)<span class=\"_ _29d\"> </span>Acumulada<span class=\"_ _29d\"> </span>Deterioro Concesiones  administrativas y Propiedad (5.357)<span class=\"_ _29d\"> </span>- - - - - (5.357)<span class=\"_ _29d\"> </span>- - - - - (5.357)<span class=\"_ _29d\"> </span>Industrial Deterioro Marca <span class=\"_ _ef\"> </span>- - - - - - - - - - - - - Deterioro Gastos de  desarrollo y Aplicaciones  (322)<span class=\"_ _29d\"> </span>- - - - - (322)<span class=\"_ _29d\"> </span>- - - - - (322)<span class=\"_ _29d\"> </span>inform\u00e1ticas Total Deterioros de valor <span class=\"_ _f0\"> </span>(5.679)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>(5.679)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>(5.679)<span class=\"_ _29d\"> </span>Valor Neto <span class=\"_ _f1\"> </span>690.850<span class=\"_ _29d\"> </span>30.303<span class=\"_ _29d\"> </span>3.788<span class=\"_ _29d\"> </span>(3.402)<span class=\"_ _29d\"> </span>(319)<span class=\"_ _29d\"> </span>(601)<span class=\"_ _29d\"> </span>720.619<span class=\"_ _29d\"> </span>21.508<span class=\"_ _29d\"> </span>113.498<span class=\"_ _29d\"> </span>(478)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>855.147<span class=\"_ _29d\"> </span> <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3\">Inm<span class=\"_ _1\"></span>ovilizado intangib<span class=\"_ _0\"></span>le bruto <span class=\"fc1\"> </span></span></span>Dentro <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>Concesiones <span class=\"_ _bf\"></span>administrativas <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>Propiedad <span class=\"_ _0\"></span>ind<span class=\"_ _0\"></span>ustrial se<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>incluye <span class=\"_ _0\"></span>principalmente <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>tratos <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>con-<span class=\"_ _29d\"> </span>cesi\u00f3n de servicios otorga<span class=\"_ _0\"></span>dos por diferentes entes p\u00fablicos a las sociedade<span class=\"_ _0\"></span>s del Gr<span class=\"_ _1\"></span>upo para la con<span class=\"_ _0\"></span>strucci\u00f3n y operaci\u00f3n <span class=\"_ _0\"></span>de instalacio<span class=\"_ _0\"></span>nes t\u00e9cnicas de ene<span class=\"_ _0\"></span>rg\u00eda el\u00e9ctrica en <span class=\"_ _0\"></span>Per\u00fa, as\u00ed co<span class=\"_ _0\"></span>mo las licencia<span class=\"_ _0\"></span>s de diferentes ba<span class=\"_ _0\"></span>n-<span class=\"_ _29d\"> </span>das para<span class=\"_ _0\"></span> la e<span class=\"_ _0\"></span>xplotaci\u00f3n d<span class=\"_ _0\"></span>e posicio<span class=\"_ _0\"></span>nes orbitales <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>titularidad brasile<span class=\"_ _0\"></span>\u00f1a otor<span class=\"_ _0\"></span>gadas al <span class=\"_ _0\"></span>Grupo, a<span class=\"_ _0\"></span>s\u00ed como <span class=\"_ _0\"></span>la reno-<span class=\"_ _29d\"> </span>vaci\u00f3n de los derechos<span class=\"_ _0\"></span> satelitales en la posic<span class=\"_ _0\"></span>i\u00f3n orbital 61\u00ba Oeste.   El <span class=\"_ _1\"></span>detalle <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>contratos de <span class=\"_ _1\"></span>concesi\u00f3n <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>Per\u00fa en <span class=\"_ _c4\"></span>fase de <span class=\"_ _c4\"></span>explotaci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>y/o <span class=\"_ _1\"></span>construcci\u00f3n <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>31 <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>diciembre de 2022 es el siguien<span class=\"_ _0\"></span>te:  * Miles de Euro<span class=\"_ _1\"></span>s Redesur <span class=\"_ _f3\"> </span>Tesur <span class=\"_ _f4\"> </span>Tesur 2 <span class=\"_ _67\"> </span>Tesur <span class=\"_ _1\"></span>3 <span class=\"_ _ee\"> </span>Tesur 4<span class=\"_ _29d\"> </span>CCNCM Estado Estado Estado Estado Estado Estado Concedente Peruano<span class=\"_ _29d\"> </span>Peruano<span class=\"_ _29d\"> </span>Peruano<span class=\"_ _29d\"> </span>Peruano<span class=\"_ _29d\"> </span>Peruano<span class=\"_ _29d\"> </span>Peruano<span class=\"_ _29d\"> </span>Transporte de Transporte de Transporte de Transporte de Transporte de Transporte de Actividad Energ\u00eda Energ\u00eda Energ\u00eda Energ\u00eda Energ\u00eda Energ\u00eda El\u00e9ctrica<span class=\"_ _29d\"> </span>El\u00e9ctrica<span class=\"_ _29d\"> </span>El\u00e9ctrica<span class=\"_ _29d\"> </span>El\u00e9ctrica<span class=\"_ _29d\"> </span>El\u00e9ctrica<span class=\"_ _29d\"> </span>El\u00e9ctrica<span class=\"_ _29d\"> </span>Pa\u00eds <span class=\"_ _7b\"> </span>Per\u00fa<span class=\"_ _29d\"> </span>Per\u00fa<span class=\"_ _29d\"> </span>Per\u00fa<span class=\"_ _29d\"> </span>Per\u00fa<span class=\"_ _29d\"> </span>Per\u00fa<span class=\"_ _29d\"> </span>Per\u00fa<span class=\"_ _29d\"> </span>Plazo de la  concesi\u00f3n desde el 30 a\u00f1os<span class=\"_ _29d\"> </span>30 a\u00f1os<span class=\"_ _29d\"> </span>30 a\u00f1os<span class=\"_ _29d\"> </span>30 a\u00f1os<span class=\"_ _29d\"> </span>30 a\u00f1os<span class=\"_ _29d\"> </span>30 a\u00f1os<span class=\"_ _29d\"> </span>inicio de la operaci\u00f3n  Comercial Periodo de vida \u00fatil  9 a\u00f1os<span class=\"_ _29d\"> </span>22 a\u00f1os<span class=\"_ _29d\"> </span>26 a\u00f1os 28 a\u00f1os 30 a\u00f1os 25 a\u00f1os Residual Per\u00edodo de revisi\u00f3n  Anualmente<span class=\"_ _29d\"> </span>Anualmente<span class=\"_ _29d\"> </span>Anualmente<span class=\"_ _29d\"> </span>Anualmente<span class=\"_ _29d\"> </span>Anualmente<span class=\"_ _29d\"> </span>Anualmente<span class=\"_ _29d\"> </span>Tarifaria Valor Neto Contable 31.048 51.372<span class=\"_ _29d\"> </span>46.434<span class=\"_ _29d\"> </span>28.184<span class=\"_ _29d\"> </span>34.611<span class=\"_ _29d\"> </span>161.428<span class=\"_ _29d\"> </span>31/12/2022 Valor Neto Contable 32.756<span class=\"_ _29d\"> </span>50.637<span class=\"_ _29d\"> </span>45.447<span class=\"_ _29d\"> </span>27.519<span class=\"_ _29d\"> </span>22.553<span class=\"_ _29d\"> </span>145.377<span class=\"_ _29d\"> </span>31/12/2021 Cifra de negocio en 19.333<span class=\"_ _29d\"> </span>7.462<span class=\"_ _29d\"> </span>5.937<span class=\"_ _29d\"> </span>4.366<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>17.718<span class=\"_ _29d\"> </span>2022 Cifra de negocio en 15.843<span class=\"_ _29d\"> </span>6.204<span class=\"_ _29d\"> </span>4.966<span class=\"_ _29d\"> </span>2.333<span class=\"_ _29d\"> </span>- 14.653<span class=\"_ _29d\"> </span>2021 Resultado del  4.240<span class=\"_ _29d\"> </span>1.137<span class=\"_ _29d\"> </span>1.505<span class=\"_ _29d\"> </span>1.286<span class=\"_ _29d\"> </span>(5.280)<span class=\"_ _29d\"> </span>(2.714)<span class=\"_ _29d\"> </span>ejercicio 2022 Resultado del  4.951<span class=\"_ _29d\"> </span>250<span class=\"_ _29d\"> </span>1.222<span class=\"_ _29d\"> </span>207<span class=\"_ _29d\"> </span>(259)<span class=\"_ _29d\"> </span>(4.531)<span class=\"_ _29d\"> </span>ejercicio 2021 Opciones de <span class=\"_ _220\"></span>No se establecen No se establecen No se establecen No se establecen No se establecen No se establecen contractualmente<span class=\"_ _29d\"> </span>contractualmente<span class=\"_ _29d\"> </span>contractualmente<span class=\"_ _29d\"> </span>contractualmente<span class=\"_ _29d\"> </span>contractualmente<span class=\"_ _29d\"> </span>contractualmente<span class=\"_ _29d\"> </span>renovaci\u00f3n * Tesur 4 se encuen<span class=\"_ _0\"></span>tra en curso a 31 de dic<span class=\"_ _0\"></span>iembre de 2022. Asimismo, <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>incluyen <span class=\"_ _1\"></span>las licencias <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>tiene <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>Subgrupo <span class=\"_ _1\"></span>Hispasat <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>distintas <span class=\"_ _1\"></span>Bandas para <span class=\"_ _1\"></span>la <span class=\"_ _c4\"></span>exp<span class=\"_ _0\"></span>lotaci\u00f3n de posiciones orbita<span class=\"_ _0\"></span>les, as\u00ed como otros derechos<span class=\"_ _0\"></span> satelitales en las posicio<span class=\"_ _0\"></span>nes orbitales. Dentro <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>Marca <span class=\"_ _c2\"></span>se <span class=\"_ _c2\"></span>incluye <span class=\"_ _c5\"></span>la <span class=\"_ _c8\"></span>marca <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>Hisp<span class=\"_ _0\"></span>asat <span class=\"_ _c5\"></span>surgida<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>como <span class=\"_ _c2\"></span>consec<span class=\"_ _0\"></span>uencia <span class=\"_ _c2\"></span>del <span class=\"_ _c2\"></span>r<span class=\"_ _1\"></span>egistro <span class=\"_ _c8\"></span>contable <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>la<span class=\"_ _0\"></span> combinaci\u00f3n de <span class=\"_ _1\"></span>negocios de <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>adquisici\u00f3n de <span class=\"_ _1\"></span>Hispasat <span class=\"_ _1\"></span>en octubre <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>2019 por <span class=\"_ _1\"></span>importe <span class=\"_ _1\"></span>de 15.234 <span class=\"_ _1\"></span>miles de euros. Esta partida se a<span class=\"_ _0\"></span>mortiza linealmente<span class=\"_ _0\"></span> en 10 a\u00f1os.  El <span class=\"_ _c8\"></span>Fondo <span class=\"_ _c2\"></span>de <span class=\"_ _c8\"></span>comercio <span class=\"_ _c2\"></span>a <span class=\"_ _c8\"></span>31 <span class=\"_ _c2\"></span>de <span class=\"_ _c8\"></span>diciembre <span class=\"_ _c2\"></span>de <span class=\"_ _c8\"></span>2022 <span class=\"_ _c8\"></span>por <span class=\"_ _c2\"></span>importe <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>287 <span class=\"_ _c4\"></span>millones <span class=\"_ _c2\"></span>de <span class=\"_ _c8\"></span>euros <span class=\"_ _c2\"></span>(232 <span class=\"_ _c8\"></span>millones <span class=\"_ _c8\"></span>de euros <span class=\"_ _c4\"></span>en <span class=\"_ _c4\"></span>2021), <span class=\"_ _c4\"></span>procede <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>las <span class=\"_ _c4\"></span>combinaciones <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>negocios <span class=\"_ _c4\"></span>r<span class=\"_ _1\"></span>ealizad<span class=\"_ _0\"></span>as <span class=\"_ _c8\"></span>en <span class=\"_ _1\"></span>H<span class=\"_ _1\"></span>ispasat <span class=\"_ _1\"></span>y <span class=\"_ _c8\"></span>CCNCM <span class=\"_ _1\"></span>as\u00ed <span class=\"_ _c4\"></span>como <span class=\"_ _c8\"></span>la inclusi\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>este ejercicio de Axess (ver Nota 2.g y 6). No se ha generado nin<span class=\"_ _0\"></span>g\u00fan Pasivo por Impuesto Diferido relacionado <span class=\"_ _1\"></span>con <span class=\"_ _c8\"></span>el <span class=\"_ _c4\"></span>Fondo <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>Comercio <span class=\"_ _c4\"></span>dado <span class=\"_ _c4\"></span>que <span class=\"_ _c4\"></span>no <span class=\"_ _c4\"></span>se <span class=\"_ _c4\"></span>espera <span class=\"_ _c4\"></span>que <span class=\"_ _c4\"></span>sea <span class=\"_ _c4\"></span>deducible <span class=\"_ _1\"></span>fiscalmente <span class=\"_ _c4\"></span>en <span class=\"_ _c4\"></span>el <span class=\"_ _c4\"></span>f<span class=\"_ _1\"></span>uturo.<span class=\"_ _0\"></span> Esta partida no se amo<span class=\"_ _0\"></span>rtiza y est\u00e1 sujeta a test de<span class=\"_ _0\"></span> deterioro anual.   La partida de Otro Inmoviliza<span class=\"_ _0\"></span>do Intangible recoge el derecho de tarifa regulada perpetuo surgido a <span class=\"_ _0\"></span>ra\u00edz de la adquisici\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _cf\"> </span>de <span class=\"_ _d3\"> </span>instalaciones <span class=\"_ _d3\"> </span>de <span class=\"_ _d3\"> </span>transmisi\u00f3n <span class=\"_ _d3\"> </span>del <span class=\"_ _d3\"> </span>Sistema <span class=\"_ _d3\"> </span>de <span class=\"_ _d3\"> </span>Transmisi\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _cf\"> </span>Nacional <span class=\"_ _d3\"> </span>Chileno<span class=\"_ _0\"></span> <span class=\"_ _cf\"> </span>inclu<span class=\"_ _0\"></span>idas <span class=\"_ _d3\"> </span>en<span class=\"_ _29d\"> </span>Redenor <span class=\"_ _bf\"></span>2 <span class=\"_ _bf\"></span>por <span class=\"_ _bf\"></span>importe <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>52.050 <span class=\"_ _bf\"></span>miles <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>euros <span class=\"_ _bf\"></span>(49.016 <span class=\"_ _bf\"></span>miles <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>euros <span class=\"_ _bf\"></span>en <span class=\"_ _bf\"></span>2021). <span class=\"_ _bf\"></span>Esta <span class=\"_ _bf\"></span>partida <span class=\"_ _bf\"></span>no <span class=\"_ _bf\"></span>se <span class=\"_ _bf\"></span>amortiza, por ser de vida indefinid<span class=\"_ _0\"></span>a, y est\u00e1 sujeta a tes<span class=\"_ _0\"></span>t <span class=\"_ _1\"></span>de d<span class=\"_ _0\"></span>eterioro anual.   Asimismo, dicho <span class=\"_ _1\"></span>ep\u00edgra<span class=\"_ _0\"></span>fe <span class=\"_ _1\"></span>incluye la <span class=\"_ _1\"></span>cartera de clientes <span class=\"_ _1\"></span>registrada como consecuencia de <span class=\"_ _1\"></span>la combinaci\u00f3n de negocios <span class=\"_ _c8\"></span>tras <span class=\"_ _c2\"></span>la <span class=\"_ _c2\"></span>adquisici\u00f3n <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>Axess <span class=\"_ _c8\"></span>(<span class=\"_ _1\"></span>v\u00e9ase <span class=\"_ _c8\"></span>nota <span class=\"_ _c2\"></span>6). <span class=\"_ _c2\"></span>El <span class=\"_ _c2\"></span>importe<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>dentro <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>\u201cModificaci\u00f3n <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>per\u00edmetro <span class=\"_ _c8\"></span>de consolidaci\u00f3<span class=\"_ _0\"></span>n\u201d <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>ejercic<span class=\"_ _0\"></span>io <span class=\"_ _1\"></span>2022, <span class=\"_ _1\"></span>en el m<span class=\"_ _1\"></span>omento<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>entrada en <span class=\"_ _1\"></span>el Grupo, <span class=\"_ _1\"></span>es de <span class=\"_ _1\"></span>55.835<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>miles <span class=\"_ _1\"></span>de euros. <span class=\"_ _1\"></span>El importe <span class=\"_ _bf\"></span>net<span class=\"_ _1\"></span>o <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>esta <span class=\"_ _0\"></span>carte<span class=\"_ _0\"></span>ra <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>clientes <span class=\"_ _bf\"></span>a <span class=\"_ _0\"></span>31 <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>ciembre <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>2022 <span class=\"_ _bf\"></span>es <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>52.022 <span class=\"_ _bf\"></span>miles <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>euros<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>Dic<span class=\"_ _0\"></span>ha <span class=\"_ _0\"></span>cartera de <span class=\"_ _c4\"></span>clientes <span class=\"_ _c8\"></span>se <span class=\"_ _c8\"></span>amortiza <span class=\"_ _1\"></span>en <span class=\"_ _c8\"></span>10 <span class=\"_ _c8\"></span>a\u00f1os. <span class=\"_ _c4\"></span>Por <span class=\"_ _c8\"></span>\u00faltimo, <span class=\"_ _c4\"></span>dentro <span class=\"_ _c8\"></span>de <span class=\"_ _c4\"></span>\u201cModificaci\u00f3n <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>per\u00edmetro <span class=\"_ _c8\"></span>de <span class=\"_ _c4\"></span>consolidaci\u00f3n\u201d <span class=\"_ _c4\"></span>en 2021 <span class=\"_ _c4\"></span>se <span class=\"_ _c4\"></span>inclu\u00eda <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>cartera <span class=\"_ _1\"></span>de <span class=\"_ _c8\"></span>clientes <span class=\"_ _1\"></span>registrada <span class=\"_ _1\"></span>com<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>consecuencia <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>combinaci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>negocios <span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>as <span class=\"_ _c4\"></span>la adquisici\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>del <span class=\"_ _c4\"></span>negocio <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>gesti\u00f3n <span class=\"_ _1\"></span>y <span class=\"_ _c4\"></span>transporte <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>se\u00f1ales <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>video <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>Per<span class=\"_ _1\"></span>\u00fa <span class=\"_ _1\"></span>(v\u00e9ase <span class=\"_ _c4\"></span>nota <span class=\"_ _c4\"></span>6) <span class=\"_ _1\"></span>y <span class=\"_ _c4\"></span>que <span class=\"_ _c4\"></span>al <span class=\"_ _1\"></span>cierre del ejercicio 2022 se<span class=\"_ _0\"></span> encuentra totalmen<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>e amortizada<span class=\"_ _0\"></span>. El <span class=\"_ _0\"></span>Inmovilizado <span class=\"_ _0\"></span>intangible <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>curso a<span class=\"_ _0\"></span> 31<span class=\"_ _0\"></span> de <span class=\"_ _0\"></span>diciembre<span class=\"_ _0\"></span> de <span class=\"_ _0\"></span>2022 <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>2021 <span class=\"_ _0\"></span>corresponde <span class=\"_ _0\"></span>principalmente<span class=\"_ _0\"></span> a<span class=\"_ _0\"></span> la <span class=\"_ _0\"></span>adqui-<span class=\"_ _29d\"> </span>sici\u00f3n y <span class=\"_ _1\"></span>desarrollo<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>de apli<span class=\"_ _0\"></span>caciones para las <span class=\"_ _1\"></span>actividades de operaci\u00f3n del sistema y transporte, desarrolladas<span class=\"_ _0\"></span> por <span class=\"_ _c5\"></span>el <span class=\"_ _c5\"></span>Grupo, <span class=\"_ _c5\"></span>as\u00ed <span class=\"_ _c5\"></span>como <span class=\"_ _c2\"></span>a <span class=\"_ _c0\"> </span>la <span class=\"_ _c5\"></span>construcci\u00f3n <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"> </span>las <span class=\"_ _c5\"></span>instalaciones <span class=\"_ _c5\"></span>en <span class=\"_ _c5\"></span>r\u00e9gim<span class=\"_ _0\"></span>en <span class=\"_ _c5\"> </span>de <span class=\"_ _c5\"> </span>concesi\u00f3n <span class=\"_ _c5\"></span>que <span class=\"_ _c5\"></span>la <span class=\"_ _c5\"></span>sociedad peruana T<span class=\"_ _1\"></span>esu<span class=\"_ _0\"></span>r <span class=\"_ _c4\"></span>4 est\u00e1 <span class=\"_ _1\"></span>llevando <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>cabo y <span class=\"_ _1\"></span>cuya <span class=\"_ _1\"></span>puesta en <span class=\"_ _1\"></span>operaci\u00f3n <span class=\"_ _1\"></span>se ha <span class=\"_ _1\"></span>realizado durante <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>mes de <span class=\"_ _1\"></span>enero de 2023.   <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3\">Gast<span class=\"_ _1\"></span>os capitalizados<span class=\"_ _0\"></span> <span class=\"fc1\"> </span></span></span>Los gastos de explotaci\u00f3n directamen<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>e relacio<span class=\"_ _0\"></span>nados con el Inm<span class=\"_ _1\"></span>ovil<span class=\"_ _0\"></span>izado intangible que se han activado du-<span class=\"_ _29d\"> </span>rante <span class=\"_ _c4\"></span>el <span class=\"_ _c8\"></span>ejercicio <span class=\"_ _c4\"></span>2022 <span class=\"_ _c4\"></span>ascienden <span class=\"_ _c4\"></span>a <span class=\"_ _c4\"></span>12.044 <span class=\"_ _c4\"></span>miles <span class=\"_ _c8\"></span>de <span class=\"_ _c4\"></span>euros <span class=\"_ _c4\"></span>(9.559 <span class=\"_ _c4\"></span>m<span class=\"_ _1\"></span>iles <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>euros <span class=\"_ _c4\"></span>en <span class=\"_ _c8\"></span>el <span class=\"_ _c4\"></span>ejercicio <span class=\"_ _c4\"></span>2021). <span class=\"_ _c4\"></span>Por otro lado, <span class=\"_ _0\"></span>el Grupo ha<span class=\"_ _0\"></span> registrado du<span class=\"_ _0\"></span>rante el 2022 <span class=\"_ _0\"></span>en la <span class=\"_ _0\"></span>Cuenta de P\u00e9rdid<span class=\"_ _0\"></span>as y Ganancia<span class=\"_ _0\"></span>s Consolidada <span class=\"_ _0\"></span>gastos en Innovaci\u00f3n y Desa<span class=\"_ _0\"></span>rrollo por importe de<span class=\"_ _0\"></span> 8.820 miles de euros.  Durante <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>ejercicio<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>2022 <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>han <span class=\"_ _0\"></span>activado<span class=\"_ _0\"></span> g<span class=\"_ _0\"></span>astos <span class=\"_ _0\"></span>financie<span class=\"_ _0\"></span>ros co<span class=\"_ _0\"></span>mo <span class=\"_ _0\"></span>mayor <span class=\"_ _0\"></span>valo<span class=\"_ _0\"></span>r de<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>Inmovilizado <span class=\"_ _0\"></span>Intan<span class=\"_ _0\"></span>gible <span class=\"_ _0\"></span>por importe de 858 <span class=\"_ _0\"></span>miles de euros (262 miles de euro<span class=\"_ _0\"></span>s en 2021).   <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3\">Bienes totalmente amortizados<span class=\"fc1\"> </span> </span></span>A 31 de <span class=\"_ _0\"></span>diciembre de<span class=\"_ _0\"></span> 2022<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span> el <span class=\"_ _0\"></span>Grupo tiene <span class=\"_ _0\"></span>totalmente a<span class=\"_ _0\"></span>mortizados eleme<span class=\"_ _0\"></span>ntos del Inmovil<span class=\"_ _0\"></span>izado intangible<span class=\"_ _0\"></span> por un <span class=\"_ _0\"></span>importe de <span class=\"_ _0\"></span>44.474 mil<span class=\"_ _0\"></span>es de <span class=\"_ _0\"></span>euros <span class=\"_ _0\"></span>(27.943 mil<span class=\"_ _0\"></span>es de e<span class=\"_ _0\"></span>uros en <span class=\"_ _0\"></span>2021) <span class=\"_ _0\"></span>correspondiend<span class=\"_ _0\"></span>o la <span class=\"_ _0\"></span>mayor p<span class=\"_ _0\"></span>arte de lo<span class=\"_ _0\"></span>s mismos a Gastos de des<span class=\"_ _0\"></span>arrollo y Aplicaciones in<span class=\"_ _0\"></span>form\u00e1ticas.    <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3\">Inver<span class=\"_ _1\"></span>siones en in<span class=\"_ _0\"></span>movilizado intangible<span class=\"_ _0\"></span> situadas fuera del territorio espa\u00f1<span class=\"_ _0\"></span>ol<span class=\"fc1\"> </span> </span></span>El <span class=\"_ _0\"></span>valor <span class=\"_ _0\"></span>neto <span class=\"_ _0\"></span>contable <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Inmovil<span class=\"_ _0\"></span>izado <span class=\"_ _0\"></span>intangible <span class=\"_ _0\"></span>situado <span class=\"_ _0\"></span>fuera <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>territorio <span class=\"_ _bf\"></span>espa\u00f1ol a<span class=\"_ _0\"></span>sciende <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>31 d<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>diciem-<span class=\"_ _29d\"> </span>bre de 2022 a 442.193<span class=\"_ _0\"></span> miles de euros (407.505 <span class=\"_ _0\"></span>miles de euros en el ejerc<span class=\"_ _0\"></span>icio 2021).   <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3\">Compromisos de inversi\u00f3n<span class=\"fc1\"> <span class=\"_ _0\"></span><span class=\"fc2\"> </span></span></span></span>El <span class=\"_ _0\"></span>Grupo no <span class=\"_ _0\"></span>posee <span class=\"_ _0\"></span>compromisos <span class=\"_ _0\"></span>definitivos <span class=\"_ _0\"></span>de co<span class=\"_ _0\"></span>mpra de<span class=\"_ _0\"></span> Inmovil<span class=\"_ _0\"></span>izado In<span class=\"_ _0\"></span>tangible <span class=\"_ _0\"></span>por importes <span class=\"_ _0\"></span>signi<span class=\"_ _0\"></span>ficat<span class=\"_ _1\"></span>ivos, en <span class=\"_ _bf\"></span>relaci\u00f3n <span class=\"_ _bf\"></span>con <span class=\"_ _bf\"></span>su <span class=\"_ _0\"></span>volu<span class=\"_ _0\"></span>men <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>Inmovil<span class=\"_ _0\"></span>izado <span class=\"_ _bf\"></span>intangible<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>y <span class=\"_ _bf\"></span>a <span class=\"_ _bf\"></span>las <span class=\"_ _0\"></span>inve<span class=\"_ _0\"></span>rsiones <span class=\"_ _bf\"></span>que <span class=\"_ _bf\"></span>realiza <span class=\"_ _bf\"></span>y <span class=\"_ _bf\"></span>tiene <span class=\"_ _bf\"></span>previsto <span class=\"_ _bf\"></span>realizar.   <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3\">Seguros<span class=\"fc1\"> </span> </span></span>El <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>tiene <span class=\"_ _0\"></span>contratad<span class=\"_ _0\"></span>as varias <span class=\"_ _0\"></span>p\u00f3li<span class=\"_ _0\"></span>zas <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>seguro <span class=\"_ _0\"></span>para <span class=\"_ _0\"></span>cubrir <span class=\"_ _0\"></span>los <span class=\"_ _bf\"></span>r<span class=\"_ _1\"></span>iesgos <span class=\"_ _bf\"></span>a que <span class=\"_ _0\"></span>est\u00e1n <span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>jetos los <span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>ementos del Inmoviliza<span class=\"_ _0\"></span>do intangible. El dise\u00f1o y<span class=\"_ _0\"></span> contrataci\u00f3n de las p\u00f3liz<span class=\"_ _0\"></span>as es el adecu<span class=\"_ _0\"></span>ado para los riesgos a lo<span class=\"_ _0\"></span>s que dan cobertura.   <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3\">An\u00e1lisis de deterioro del valor del inmovil<span class=\"_ _0\"></span>izado intangible<span class=\"_ _0\"></span> suj<span class=\"_ _1\"></span>eto a amortiz<span class=\"_ _0\"></span>aci\u00f3n o depreciaci\u00f3<span class=\"_ _0\"></span>n<span class=\"fc1\"> </span> </span></span>El <span class=\"_ _1\"></span>G<span class=\"_ _1\"></span>rupo <span class=\"_ _1\"></span>sigue <span class=\"_ _1\"></span>el <span class=\"_ _c4\"></span>criterio <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>evaluar <span class=\"_ _1\"></span>la <span class=\"_ _c4\"></span>existencia <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>indicios <span class=\"_ _1\"></span>que <span class=\"_ _c4\"></span>pudieran<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>poner <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>manifiesto <span class=\"_ _c4\"></span>el <span class=\"_ _1\"></span>potencial deterioro <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>valor <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>los <span class=\"_ _c8\"></span>activos <span class=\"_ _c2\"></span>suje<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>os <span class=\"_ _c8\"></span>a <span class=\"_ _c8\"></span>am<span class=\"_ _1\"></span>ortizaci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _c2\"></span>o <span class=\"_ _c8\"></span>depreciaci\u00f3n, <span class=\"_ _c8\"></span>al <span class=\"_ _c2\"></span>objeto <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>comprobar <span class=\"_ _c8\"></span>si <span class=\"_ _c8\"></span>el <span class=\"_ _c2\"></span>valor contable <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>menciona<span class=\"_ _0\"></span>dos <span class=\"_ _0\"></span>activos e<span class=\"_ _0\"></span>xcede <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>valor <span class=\"_ _0\"></span>recuperable<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>entendido <span class=\"_ _0\"></span>como <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>mayor <span class=\"_ _0\"></span>entr<span class=\"_ _0\"></span>e el <span class=\"_ _0\"></span>valor razonable, menos<span class=\"_ _0\"></span> costes de venta y su valor e<span class=\"_ _0\"></span>n uso (ver nota 4.h).  Ante la <span class=\"_ _1\"></span>existencia de indicios de deterioro como consecue<span class=\"_ _0\"></span>ncia <span class=\"_ _1\"></span>de la coyuntura macroecon\u00f3mic<span class=\"_ _0\"></span>a <span class=\"_ _1\"></span>comentada<span class=\"_ _0\"></span> en la Nota 5, se ha<span class=\"_ _0\"></span> procedid<span class=\"_ _0\"></span>o a realizar test de deterioro<span class=\"_ _0\"></span> en los activos intan<span class=\"_ _0\"></span>gibles sujetos a amortiz<span class=\"_ _0\"></span>aci\u00f3n de la <span class=\"_ _c2\"></span><span class=\"ff5\">UGE <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>Transporte <span class=\"_ _c8\"></span>de <span class=\"_ _c5\"></span>energ\u00eda <span class=\"_ _c8\"></span>el\u00e9ctrica</span> <span class=\"_ _c2\"></span><span class=\"ff5\">en <span class=\"_ _c2\"></span>Per\u00fa</span> <span class=\"_ _c2\"></span>y <span class=\"_ _c2\"></span>tras <span class=\"_ _c2\"></span>los <span class=\"_ _c2\"></span>resultados <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>dicho <span class=\"_ _c2\"></span>test, <span class=\"_ _c5\"></span>el <span class=\"_ _c8\"></span>Grupo <span class=\"_ _c2\"></span>no <span class=\"_ _c2\"></span>ha registrado ninguna<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>correcci<span class=\"_ _0\"></span>\u00f3n valorativa.   Para <span class=\"_ _c5\"></span>realizar <span class=\"_ _c5\"></span>dicho <span class=\"_ _c2\"></span>test <span class=\"_ _c5\"> </span>de <span class=\"_ _c5\"> </span>deterioro, <span class=\"_ _c5\"> </span>se <span class=\"_ _c5\"></span>han <span class=\"_ _c5\"></span>con<span class=\"_ _0\"></span>siderado <span class=\"_ _c5\"> </span>las <span class=\"_ _c5\"> </span>proyecciones <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"> </span>fluj<span class=\"_ _1\"></span>os <span class=\"_ _c5\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _c0\"> </span>caja <span class=\"_ _c2\"></span>futuros. <span class=\"_ _c5\"> </span>Las proyecciones <span class=\"_ _c4\"></span>se <span class=\"_ _c4\"></span>han <span class=\"_ _c4\"></span>realizado <span class=\"_ _c4\"></span>para <span class=\"_ _c4\"></span>el <span class=\"_ _c4\"></span>periodo <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>cada <span class=\"_ _c4\"></span>concesi\u00f3n <span class=\"_ _1\"></span>(<span class=\"_ _1\"></span>30 <span class=\"_ _c4\"></span>a\u00f1os <span class=\"_ _c4\"></span>desde <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>Puesta <span class=\"_ _c4\"></span>en <span class=\"_ _c4\"></span>O<span class=\"_ _1\"></span>peraci\u00f3n<span class=\"_ _0\"></span> Comercial). Lo<span class=\"_ _0\"></span>s motivos p<span class=\"_ _0\"></span>or los que se consid<span class=\"_ _0\"></span>eran fiables lo<span class=\"_ _0\"></span>s flujos estima<span class=\"_ _0\"></span>dos a m\u00e1s de 5<span class=\"_ _0\"></span> a\u00f1os se basan en<span class=\"_ _29d\"> </span>la <span class=\"_ _1\"></span>experiencia <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>Redeia <span class=\"_ _1\"></span>en <span class=\"_ _c4\"></span>negocios <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>concesiones <span class=\"_ _1\"></span>en <span class=\"_ _c4\"></span>el <span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>ercado <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>transporte <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>electricidad<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>en <span class=\"_ _c4\"></span>Per\u00fa que regulan ingre<span class=\"_ _0\"></span>sos a 30 a\u00f1os.  Las <span class=\"_ _1\"></span>hip\u00f3tesis <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>incluyen <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>las <span class=\"_ _c4\"></span>proyeccione<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>utilizadas <span class=\"_ _1\"></span>y <span class=\"_ _c4\"></span>que <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>basan en <span class=\"_ _c4\"></span>las <span class=\"_ _1\"></span>previsiones del <span class=\"_ _1\"></span>negocio actualizadas y<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>la propia e<span class=\"_ _0\"></span>xperiencia pasada. Las h<span class=\"_ _0\"></span>ip\u00f3tesis utilizadas han s<span class=\"_ _0\"></span>ido las siguientes:    <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Retribuci\u00f3n <span class=\"_ _1\"></span>regulada: se <span class=\"_ _1\"></span>incluyen <span class=\"_ _1\"></span>los fluj<span class=\"_ _1\"></span>os estimados hasta <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>finalizaci\u00f3n de <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>contratos de <span class=\"_ _1\"></span>concesi\u00f3n </span></span>asumiendo una<span class=\"_ _0\"></span> t<span class=\"_ _1\"></span>asa de r<span class=\"_ _0\"></span>etribuci\u00f3n de la inversi\u00f3n<span class=\"_ _0\"></span> seg\u00fan la regulaci\u00f3n vige<span class=\"_ _0\"></span>nte en Per\u00fa.    <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Inver<span class=\"_ _1\"></span>si\u00f3n: se <span class=\"_ _1\"></span>ha <span class=\"_ _1\"></span>usado la <span class=\"_ _1\"></span>mejor informaci\u00f3n disponible sobr<span class=\"_ _1\"></span>e los <span class=\"_ _1\"></span>planes de <span class=\"_ _1\"></span>inversi\u00f3n <span class=\"_ _1\"></span>en activos <span class=\"_ _1\"></span>y mante-<span class=\"_ _29d\"> </span></span></span>nimiento de las inf<span class=\"_ _0\"></span>raestructuras a lo largo del<span class=\"_ _0\"></span> horizonte temporal estimad<span class=\"_ _0\"></span>o.    <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Costes <span class=\"_ _c8\"></span>de <span class=\"_ _1\"></span>operaci\u00f3n <span class=\"_ _c4\"></span>y <span class=\"_ _c4\"></span>mantenimiento: <span class=\"_ _1\"></span>han <span class=\"_ _c4\"></span>sido <span class=\"_ _c4\"></span>proyectados <span class=\"_ _1\"></span>coherentemente <span class=\"_ _c4\"></span>con <span class=\"_ _1\"></span>el <span class=\"_ _c4\"></span>crecimiento <span class=\"_ _c4\"></span>que <span class=\"_ _1\"></span>se </span></span>espera derivado del pla<span class=\"_ _0\"></span>n de inversiones.    <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Otr<span class=\"_ _1\"></span>os costes: <span class=\"_ _1\"></span>han <span class=\"_ _1\"></span>sido <span class=\"_ _1\"></span>proyectados en <span class=\"_ _1\"></span>base al <span class=\"_ _1\"></span>conocimiento <span class=\"_ _1\"></span>del sector, <span class=\"_ _1\"></span>la experiencia <span class=\"_ _1\"></span>pasada y <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>l\u00ednea </span></span>con el crecimiento que<span class=\"_ _0\"></span> se espera derivado del pla<span class=\"_ _0\"></span>n de inversiones.    <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Tasa <span class=\"_ _c8\"></span>de <span class=\"_ _c4\"></span>descuento <span class=\"_ _c4\"></span>del <span class=\"_ _c4\"></span>coste <span class=\"_ _c4\"></span>m<span class=\"_ _1\"></span>edio <span class=\"_ _c4\"></span>ponderado <span class=\"_ _1\"></span>del <span class=\"_ _c4\"></span>capital <span class=\"_ _c4\"></span>(WACC): <span class=\"_ _c8\"></span>se <span class=\"_ _c4\"></span>ha <span class=\"_ _c4\"></span>utilizado <span class=\"_ _c4\"></span>una <span class=\"_ _c4\"></span>tasa <span class=\"_ _c4\"></span>ponderada </span></span>de 8,64% pre-tax obten<span class=\"_ _0\"></span>ida a partir de un info<span class=\"_ _0\"></span>rme elaborado por un expe<span class=\"_ _0\"></span>rto independiente.   El an\u00e1li<span class=\"_ _0\"></span>sis de sensibili<span class=\"_ _0\"></span>dad se ha realizado a<span class=\"_ _0\"></span>tendiendo a <span class=\"_ _0\"></span>las variaciones <span class=\"_ _0\"></span>razonablemente posible<span class=\"_ _0\"></span>s en la<span class=\"_ _0\"></span>s prin-<span class=\"_ _29d\"> </span>cipales h<span class=\"_ _0\"></span>ip\u00f3tesis, de<span class=\"_ _0\"></span> manera que<span class=\"_ _0\"></span> un incre<span class=\"_ _0\"></span>mento de <span class=\"_ _0\"></span>la tasa<span class=\"_ _0\"></span> de descuen<span class=\"_ _0\"></span>to de <span class=\"_ _0\"></span>un 0,5% <span class=\"_ _0\"></span>y una <span class=\"_ _0\"></span>disminuci\u00f3n <span class=\"_ _0\"></span>de la<span class=\"_ _0\"></span> tasa <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>crecimien<span class=\"_ _0\"></span>to <span class=\"_ _c4\"></span>en <span class=\"_ _c4\"></span>un <span class=\"_ _1\"></span>0,5% <span class=\"_ _c4\"></span>no <span class=\"_ _c4\"></span>supondr\u00eda <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>deterior<span class=\"_ _1\"></span>o. <span class=\"_ _1\"></span>No <span class=\"_ _c4\"></span>se <span class=\"_ _c4\"></span>han <span class=\"_ _1\"></span>sensibil<span class=\"_ _0\"></span>izado <span class=\"_ _c4\"></span>otras <span class=\"_ _c4\"></span>hip\u00f3tesis <span class=\"_ _1\"></span>dado <span class=\"_ _c4\"></span>el car\u00e1cter regulado de<span class=\"_ _0\"></span> la actividad.  En <span class=\"_ _1\"></span>relaci\u00f3n <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>activos <span class=\"_ _1\"></span>intangibles <span class=\"_ _1\"></span>asignados<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>a <span class=\"_ _c4\"></span>la <span class=\"_ _1\"></span><span class=\"ff5\">UGE <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>negocio <span class=\"_ _1\"></span>satelital tr<span class=\"_ _1\"></span>adiciona<span class=\"_ _0\"></span>l <span class=\"_ _1\"></span>(<span class=\"_ _1\"></span>Legacy<span class=\"_ _0\"></span>)<span class=\"ff3\">, <span class=\"_ _c4\"></span>las </span></span>hip\u00f3tesis <span class=\"_ _bf\"></span>empleadas <span class=\"_ _bf\"></span>para <span class=\"_ _0\"></span>su <span class=\"_ _bf\"></span>c\u00e1lculo <span class=\"_ _bf\"></span>se <span class=\"_ _0\"></span>encuen<span class=\"_ _0\"></span>tran <span class=\"_ _0\"></span>explic<span class=\"_ _0\"></span>itadas <span class=\"_ _0\"></span>en<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>la <span class=\"_ _bf\"></span>not<span class=\"_ _1\"></span>a <span class=\"_ _bf\"></span>8. <span class=\"_ _bf\"></span>En <span class=\"_ _0\"></span>2022 <span class=\"_ _bf\"></span>y <span class=\"_ _0\"></span>20<span class=\"_ _0\"></span>21, <span class=\"_ _0\"></span>el <span class=\"_ _bf\"></span>Grupo <span class=\"_ _bf\"></span>realiz\u00f3 un <span class=\"_ _c2\"></span>an\u00e1lisis <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>los <span class=\"_ _c2\"></span>posibles <span class=\"_ _c2\"></span>indicios <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>deterioro <span class=\"_ _c8\"></span>de <span class=\"_ _c5\"></span>estos <span class=\"_ _c2\"></span>activos, <span class=\"_ _c5\"></span>y <span class=\"_ _c2\"></span>concl<span class=\"_ _0\"></span>uy\u00f3 <span class=\"_ _c5\"></span>de <span class=\"_ _c2\"></span>dicho <span class=\"_ _c5\"></span>an\u00e1lis<span class=\"_ _0\"></span>is <span class=\"_ _c2\"></span>que <span class=\"_ _c5\"></span>no <span class=\"_ _c2\"></span>se produjeron hechos que hicieran variar la provisi\u00f3n por <span class=\"_ _1\"></span>deterioro registrada en<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>2020 por im<span class=\"_ _1\"></span>po<span class=\"_ _0\"></span>rte <span class=\"_ _1\"></span>de 5,7 millo-<span class=\"_ _29d\"> </span>nes de euros.  Como <span class=\"_ _c8\"></span>consecuenci<span class=\"_ _0\"></span>a <span class=\"_ _c8\"></span>del <span class=\"_ _c2\"></span>reconocimien<span class=\"_ _0\"></span>to <span class=\"_ _c2\"></span>de <span class=\"_ _c8\"></span>la <span class=\"_ _c8\"></span>p\u00e9rdida <span class=\"_ _c4\"></span>por <span class=\"_ _c8\"></span>deterioro <span class=\"_ _c8\"></span>de <span class=\"_ _c4\"></span>valor <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>los <span class=\"_ _c8\"></span>activos <span class=\"_ _c4\"></span>realizada <span class=\"_ _c8\"></span>en <span class=\"_ _c8\"></span>el ejercicio <span class=\"_ _bf\"></span>2020, <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>dota<span class=\"_ _0\"></span>ci\u00f3n <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>mortizaci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _bf\"></span>ejercicio <span class=\"_ _0\"></span>2022<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>visto <span class=\"_ _bf\"></span>minorada <span class=\"_ _0\"></span>en <span class=\"_ _bf\"></span>0,7 <span class=\"_ _0\"></span>millones <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>eu<span class=\"_ _0\"></span>ros aproximadamente<span class=\"_ _0\"></span>.   <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3\">An\u00e1lisis de deterioro del valor del inmovil<span class=\"_ _0\"></span>izado intangible<span class=\"_ _0\"></span> de vida \u00fat<span class=\"_ _1\"></span>il indefi<span class=\"_ _0\"></span>nida<span class=\"fc1\"> </span> </span></span>Al cierre de <span class=\"_ _1\"></span>los ejercicios 2022 y 2021, <span class=\"_ _1\"></span>el Grupo ha efectuado tests de <span class=\"_ _1\"></span>det<span class=\"_ _0\"></span>erioro para <span class=\"_ _1\"></span>aquellos activos intan-<span class=\"_ _29d\"> </span>gibles <span class=\"_ _c2\"></span>cuya <span class=\"_ _c2\"></span>vida <span class=\"_ _c5\"></span>\u00fatil <span class=\"_ _c2\"></span>es <span class=\"_ _c5\"></span>indefinida <span class=\"_ _c8\"></span>(<span class=\"_ _1\"></span>Fondos <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>C<span class=\"_ _0\"></span>omercio <span class=\"_ _c5\"></span>y <span class=\"_ _c2\"></span>Derecho <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>tarifa <span class=\"_ _c5\"></span>regulada), <span class=\"_ _c2\"></span>con <span class=\"_ _c2\"></span>el <span class=\"_ _c5\"></span>objetivo <span class=\"_ _c8\"></span>de comprobar su recup<span class=\"_ _0\"></span>erabilidad, no habi\u00e9ndose id<span class=\"_ _0\"></span>entificado ninguna corre<span class=\"_ _0\"></span>cci\u00f3n valorativa al respec<span class=\"_ _0\"></span>to.  Fondo de comercio<span class=\"_ _0\"></span>  A <span class=\"_ _0\"></span>31 de <span class=\"_ _0\"></span>diciembre <span class=\"_ _0\"></span>de 2<span class=\"_ _0\"></span>022 se <span class=\"_ _0\"></span>corresp<span class=\"_ _0\"></span>onde pri<span class=\"_ _0\"></span>ncipalmente <span class=\"_ _0\"></span>con el <span class=\"_ _0\"></span>Fondo<span class=\"_ _0\"></span> de <span class=\"_ _0\"></span>Comercio <span class=\"_ _0\"></span>surgido <span class=\"_ _0\"></span>de l<span class=\"_ _0\"></span>a combin<span class=\"_ _0\"></span>a-<span class=\"_ _29d\"> </span>ci\u00f3n de <span class=\"_ _c4\"></span>negocios por <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>adquisici\u00f3n en <span class=\"_ _1\"></span>octubre <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>2019 del <span class=\"_ _1\"></span>Subgrupo <span class=\"_ _1\"></span>Hispasat <span class=\"_ _1\"></span>por <span class=\"_ _1\"></span>importe de <span class=\"_ _1\"></span>228 m<span class=\"_ _1\"></span>illones de <span class=\"_ _c2\"></span>euros <span class=\"_ _c2\"></span>y <span class=\"_ _c8\"></span>por <span class=\"_ _c2\"></span>la <span class=\"_ _c2\"></span>adquisici\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>Axess <span class=\"_ _c2\"></span>Networks <span class=\"_ _c8\"></span>por <span class=\"_ _c2\"></span>Hispasat, <span class=\"_ _c2\"></span>S.A. <span class=\"_ _c8\"></span>(<span class=\"_ _1\"></span>ver <span class=\"_ _c8\"></span>Nota <span class=\"_ _c2\"></span>2.g <span class=\"_ _c2\"></span>y <span class=\"_ _c8\"></span>6) <span class=\"_ _c2\"></span>por <span class=\"_ _c2\"></span>importe <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>55 millones <span class=\"_ _1\"></span>de <span class=\"_ _c8\"></span>euros, <span class=\"_ _1\"></span>la <span class=\"_ _c8\"></span>cual <span class=\"_ _c4\"></span>se <span class=\"_ _c4\"></span>ha <span class=\"_ _c4\"></span>realizado <span class=\"_ _1\"></span>siguiendo <span class=\"_ _c4\"></span>el <span class=\"_ _c4\"></span>Plan <span class=\"_ _c4\"></span>Estrat\u00e9gico <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>Hispasat, <span class=\"_ _c4\"></span>lo <span class=\"_ _c4\"></span>que <span class=\"_ _c4\"></span>ha <span class=\"_ _c4\"></span>permitido <span class=\"_ _1\"></span>a Hispasat concretar la ini<span class=\"_ _0\"></span>ciativa de verticalizaci\u00f3<span class=\"_ _0\"></span>n prevista en dicho plan. <span class=\"_ _0\"></span> Tras <span class=\"_ _c8\"></span>la <span class=\"_ _c8\"></span>adquisici\u00f3n <span class=\"_ _c4\"></span>de <span class=\"_ _c2\"></span>Axess, <span class=\"_ _c8\"></span>la <span class=\"_ _c8\"></span><span class=\"ff5\">UGE <span class=\"_ _c2\"></span>del <span class=\"_ _c4\"></span>n<span class=\"_ _1\"></span>egocio <span class=\"_ _c4\"></span>t<span class=\"_ _1\"></span>radicional <span class=\"_ _c4\"></span>satelital <span class=\"_ _c8\"></span>(Legacy)</span> <span class=\"_ _c8\"></span>se <span class=\"_ _c8\"></span>m<span class=\"_ _1\"></span>antiene<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>tal <span class=\"_ _c8\"></span>y <span class=\"_ _c2\"></span>como estaba definida en ejercicios anteriores. Por otro <span class=\"_ _1\"></span>lado, se ha <span class=\"_ _1\"></span>procedid<span class=\"_ _0\"></span>o <span class=\"_ _1\"></span>a segregar en dos UGE\u2019s <span class=\"_ _1\"></span>diferencia-<span class=\"_ _29d\"> </span>das <span class=\"_ _c4\"></span>lo <span class=\"_ _c4\"></span>que <span class=\"_ _c4\"></span>se <span class=\"_ _c4\"></span>denomin\u00f3 <span class=\"_ _1\"></span>como <span class=\"_ _c4\"></span>\u201c<span class=\"ff2\">la/s <span class=\"_ _c4\"></span>UGE/s <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>nuevos <span class=\"_ _1\"></span>negoci<span class=\"_ _1\"></span>os <span class=\"_ _1\"></span>y <span class=\"_ _c4\"></span>servicios <span class=\"_ _c4\"></span>satelitales</span>\u201d <span class=\"_ _c4\"></span>con <span class=\"_ _1\"></span>el <span class=\"_ _c8\"></span>objeto <span class=\"_ _1\"></span>de identificar separadamen<span class=\"_ _0\"></span>te las infraestructuras adaptadas<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>a la nueva tecnolog\u00eda de los servicios y solu<span class=\"_ _0\"></span>ciones satelitales <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>restados <span class=\"_ _0\"></span>a <span class=\"_ _bf\"></span>trav\u00e9s <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>adquisici\u00f3n <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>negocios <span class=\"_ _bf\"></span>previamente <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>perativos <span class=\"_ _0\"></span>consid<span class=\"_ _0\"></span>erando <span class=\"_ _0\"></span>que<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>ambas UGE\u2019s generan flu<span class=\"_ _0\"></span>jos y costes del capital indepen<span class=\"_ _0\"></span>dientes:   <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"fc1\">UGE de infraestructura<span class=\"_ _0\"></span>s con nueva <span class=\"_ _0\"></span>tecnolog\u00eda:<span class=\"ff3\"> permiten p<span class=\"_ _0\"></span>restar servici<span class=\"_ _0\"></span>os gestionados de <span class=\"_ _0\"></span>una m<span class=\"_ _0\"></span>anera </span></span></span>m\u00e1s eficiente y flexible. Se identifica con la futura flota de sat\u00e9li<span class=\"_ _0\"></span>tes y alianzas con otros players del sector<span class=\"_ _0\"></span> orientados a la prestaci\u00f3n<span class=\"_ _0\"></span> de <span class=\"_ _1\"></span>capacidad<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>o servicio<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>de valor a\u00f1adido de manera <span class=\"_ _0\"></span>m\u00e1s eficiente y flexible<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>a trav\u00e9s de flota nueva <span class=\"_ _0\"></span>y digital que incorpore las<span class=\"_ _0\"></span> nuevas tecnolog\u00edas<span class=\"_ _0\"></span>; <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"fc1\">UGE de nuevos negoci<span class=\"_ _0\"></span>os y servicios: <span class=\"ff3\">pe<span class=\"_ _0\"></span>rmiten consoli<span class=\"_ _0\"></span>dar la orientaci\u00f3n<span class=\"_ _0\"></span> al nego<span class=\"_ _0\"></span>cio B2B y B2G e<span class=\"_ _0\"></span> incor-<span class=\"_ _29d\"> </span></span></span></span>pora <span class=\"_ _1\"></span>la prestaci\u00f3n <span class=\"_ _1\"></span>de servicios y <span class=\"_ _1\"></span>soluciones <span class=\"_ _1\"></span>satelitales (a <span class=\"_ _1\"></span>trav\u00e9s <span class=\"_ _1\"></span>de Axess Networks <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>potenciales opera-<span class=\"_ _29d\"> </span>ciones inorg\u00e1nicas) que <span class=\"_ _1\"></span>permitir\u00e1 a <span class=\"_ _1\"></span>Hispasat avanzar en <span class=\"_ _1\"></span>la mencionada estrategia de <span class=\"_ _1\"></span>integraci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>vertical en la cadena de valor. <span class=\"_ _0\"></span> De <span class=\"_ _c8\"></span>esta <span class=\"_ _c2\"></span>forma, <span class=\"_ _c8\"></span>dentro <span class=\"_ _c8\"></span>del <span class=\"_ _c2\"></span>segmento <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>telecomunicacio<span class=\"_ _0\"></span>nes, <span class=\"_ _c2\"></span>al <span class=\"_ _c2\"></span>igual <span class=\"_ _c8\"></span>que <span class=\"_ _c8\"></span>en <span class=\"_ _c2\"></span>el <span class=\"_ _c8\"></span>ejercicio <span class=\"_ _c8\"></span>2021, <span class=\"_ _c8\"></span>el <span class=\"_ _c8\"></span>f<span class=\"_ _1\"></span>ondo <span class=\"_ _c8\"></span>de comercio surgido en <span class=\"_ _1\"></span>la adquisici\u00f3<span class=\"_ _0\"></span>n de<span class=\"_ _1\"></span> Hispasat <span class=\"_ _1\"></span>en 2019, <span class=\"_ _1\"></span>est\u00e1 asignado a la agr<span class=\"_ _1\"></span>upaci\u00f3n de las <span class=\"_ _1\"></span>UGEs prove-<span class=\"_ _29d\"> </span>nientes <span class=\"_ _0\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>negocio <span class=\"_ _bf\"></span>satelital, <span class=\"_ _0\"></span>m\u00e1s<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>concretamente,<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _bf\"></span>UGE <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>negocio <span class=\"_ _bf\"></span>t<span class=\"_ _1\"></span>radicional <span class=\"_ _bf\"></span>satelital <span class=\"_ _0\"></span>(Legacy),<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _bf\"></span>UGE de <span class=\"_ _c5\"></span>infraestructuras<span class=\"_ _0\"></span> <span class=\"_ _c5\"> </span>con <span class=\"_ _c5\"> </span>nueva <span class=\"_ _c5\"></span>tecnolog\u00eda <span class=\"_ _c5\"></span>y <span class=\"_ _c5\"></span>la <span class=\"_ _c5\"></span>UGE <span class=\"_ _c5\"></span>de <span class=\"_ _c5\"></span>nuevos<span class=\"_ _0\"></span> <span class=\"_ _c5\"> </span>negocios <span class=\"_ _c5\"></span>y <span class=\"_ _c5\"></span>servicios, <span class=\"_ _c2\"></span>siendo <span class=\"_ _c5\"></span>este <span class=\"_ _c5\"></span>nivel <span class=\"_ _c5\"></span>de agrupaci\u00f3n, en <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>cual, <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>fondo <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>comercio <span class=\"_ _1\"></span>es controlado <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>efectos <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>gesti\u00f3n <span class=\"_ _1\"></span>interna<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>en <span class=\"_ _1\"></span>Redeia. <span class=\"_ _1\"></span>Por otro lado, el fondo<span class=\"_ _0\"></span> de co<span class=\"_ _0\"></span>mercio surgid<span class=\"_ _0\"></span>o en la<span class=\"_ _0\"></span> adquisici\u00f3n <span class=\"_ _0\"></span>de Axess Ne<span class=\"_ _0\"></span>tworks s<span class=\"_ _0\"></span>e ha asignado <span class=\"_ _0\"></span>a la U<span class=\"_ _0\"></span>GE de <span class=\"_ _0\"></span>nuevos negocios.  A <span class=\"_ _0\"></span>31 <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>diciembre <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>20<span class=\"_ _0\"></span>22 <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>ha <span class=\"_ _0\"></span>realiz<span class=\"_ _0\"></span>ado <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>primer <span class=\"_ _0\"></span>lugar <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>test <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>deter<span class=\"_ _1\"></span>ioro<span class=\"_ _0\"></span> de <span class=\"_ _0\"></span>las<span class=\"_ _0\"></span> UGE<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>negocio satelital, sin incluir el fon<span class=\"_ _0\"></span>do de comercio surgido<span class=\"_ _0\"></span> de la compra de Hispasa<span class=\"_ _0\"></span>t.  En 2020 se registr\u00f3 un deterioro en la UGE Legacy de 122 millones de euros (5,7 y 116,6 millones de euros correspondien<span class=\"_ _0\"></span>tes <span class=\"_ _c8\"></span>al <span class=\"_ _c4\"></span>inmoviliza<span class=\"_ _0\"></span>do <span class=\"_ _c8\"></span>intangible <span class=\"_ _1\"></span>y <span class=\"_ _c8\"></span>material, <span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>espectivamen<span class=\"_ _0\"></span>te). <span class=\"_ _c4\"></span>A <span class=\"_ _c4\"></span>31 <span class=\"_ _c8\"></span>de <span class=\"_ _c4\"></span>diciembre <span class=\"_ _1\"></span>de <span class=\"_ _c8\"></span>2022 <span class=\"_ _c4\"></span>se <span class=\"_ _c4\"></span>ha concluido <span class=\"_ _0\"></span>que el va<span class=\"_ _0\"></span>lor recu<span class=\"_ _0\"></span>perable y <span class=\"_ _0\"></span>el valo<span class=\"_ _0\"></span>r conta<span class=\"_ _0\"></span>ble de los<span class=\"_ _0\"></span> activos <span class=\"_ _0\"></span>asociados <span class=\"_ _0\"></span>a la U<span class=\"_ _0\"></span>GE no <span class=\"_ _0\"></span>difieren sig<span class=\"_ _0\"></span>nifica-<span class=\"_ _29d\"> </span>tivamente, por lo que no <span class=\"_ _0\"></span>se ha identificado ningun<span class=\"_ _0\"></span>a correcci\u00f3n valorativa a<span class=\"_ _0\"></span>dicional (v\u00e9ase nota 8). <span class=\"_ _0\"></span> Para el resto de U<span class=\"_ _0\"></span>G<span class=\"_ _1\"></span>Es el valo<span class=\"_ _0\"></span>r recuperable es su<span class=\"_ _0\"></span>perior al valor contable. A <span class=\"_ _1\"></span>continuaci\u00f3n, <span class=\"_ _c4\"></span>el <span class=\"_ _c4\"></span>Grupo <span class=\"_ _1\"></span>ha <span class=\"_ _c4\"></span>comprobado <span class=\"_ _1\"></span>que <span class=\"_ _c4\"></span>no <span class=\"_ _c4\"></span>existe <span class=\"_ _1\"></span>deterioro <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>valor <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>nivel <span class=\"_ _c4\"></span>del <span class=\"_ _1\"></span>gr<span class=\"_ _1\"></span>upo <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>UGEs <span class=\"_ _1\"></span>a <span class=\"_ _c8\"></span>las que se asign\u00f3 el fondo de<span class=\"_ _0\"></span> com<span class=\"_ _1\"></span>erci<span class=\"_ _0\"></span>o <span class=\"_ _1\"></span>(agrupaci\u00f3<span class=\"_ _0\"></span>n de UGE Legacy, UGE de infraes<span class=\"_ _0\"></span>tructuras con nueva tecno<span class=\"_ _0\"></span>-<span class=\"_ _29d\"> </span>log\u00eda y la UGE de nuevos n<span class=\"_ _0\"></span>egocios y servicios).   El an\u00e1li<span class=\"_ _0\"></span>sis se h<span class=\"_ _0\"></span>a realizad<span class=\"_ _0\"></span>o al ci<span class=\"_ _0\"></span>erre del<span class=\"_ _0\"></span> ejercicio 2<span class=\"_ _0\"></span>022 tomando<span class=\"_ _0\"></span> como b<span class=\"_ _0\"></span>ase las<span class=\"_ _0\"></span> proyeccion<span class=\"_ _0\"></span>es del Pla<span class=\"_ _0\"></span>n Estrat\u00e9-<span class=\"_ _29d\"> </span>gico del negocio sa<span class=\"_ _0\"></span>telital aprobado en 2022.<span class=\"_ _0\"></span> Las hip\u00f3tesis princip<span class=\"_ _0\"></span>ales utilizadas en el c\u00e1lculo de<span class=\"_ _0\"></span>l test de deterioro del negocio<span class=\"_ _0\"></span> satelital del Grupo en 2022<span class=\"_ _0\"></span> se han mantenid<span class=\"_ _0\"></span>o similares con respecto al<span class=\"_ _0\"></span> ejercicio anterior y son las sig<span class=\"_ _0\"></span>uientes:   <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Se <span class=\"_ _c8\"></span>ha <span class=\"_ _c4\"></span>realizado <span class=\"_ _c4\"></span>el <span class=\"_ _c4\"></span>test <span class=\"_ _c4\"></span>estimando <span class=\"_ _c4\"></span>el <span class=\"_ _1\"></span>valor <span class=\"_ _c4\"></span>r<span class=\"_ _1\"></span>azonable<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>menos <span class=\"_ _c8\"></span>costes <span class=\"_ _1\"></span>de <span class=\"_ _c8\"></span>venta, <span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>omando <span class=\"_ _c4\"></span>el <span class=\"_ _c4\"></span>enfoque <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>in-<span class=\"_ _29d\"> </span></span></span>gresos con el ob<span class=\"_ _0\"></span>jeto de determinar el valor recu<span class=\"_ _0\"></span>perable del negocio sateli<span class=\"_ _0\"></span>tal.   El <span class=\"_ _0\"></span>enfoque <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ngresos <span class=\"_ _0\"></span>indica <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>valo<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>recuperable <span class=\"_ _bf\"></span>de un <span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>gocio <span class=\"_ _0\"></span>bas\u00e1ndose<span class=\"_ _0\"></span> en<span class=\"_ _0\"></span> e<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>valor <span class=\"_ _0\"></span>actual <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>flujos de <span class=\"_ _c4\"></span>caja <span class=\"_ _c8\"></span>que <span class=\"_ _c4\"></span>puede <span class=\"_ _c4\"></span>previsiblemente <span class=\"_ _c4\"></span>generar <span class=\"_ _c4\"></span>en <span class=\"_ _c4\"></span>un <span class=\"_ _c8\"></span>futuro, <span class=\"_ _c4\"></span>realizado <span class=\"_ _c4\"></span>mediante <span class=\"_ _c4\"></span>el <span class=\"_ _c4\"></span>D<span class=\"_ _1\"></span>escuento<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>de <span class=\"_ _c4\"></span>Flujos <span class=\"_ _c4\"></span>de Caja <span class=\"_ _c8\"></span>(<span class=\"_ _1\"></span>DFC). <span class=\"_ _c8\"></span>El <span class=\"_ _c2\"></span>DFC <span class=\"_ _c2\"></span>estima <span class=\"_ _c8\"></span>el <span class=\"_ _c2\"></span>valor <span class=\"_ _c2\"></span>presente <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>los <span class=\"_ _c2\"></span>Flujos <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>Caja <span class=\"_ _c2\"></span>Libres <span class=\"_ _c8\"></span>(FCL) <span class=\"_ _c2\"></span>futuros <span class=\"_ _c2\"></span>a <span class=\"_ _c2\"></span>una <span class=\"_ _c8\"></span>tasa <span class=\"_ _c2\"></span>de descuento <span class=\"_ _c2\"></span>(Coste <span class=\"_ _c2\"></span>Medio <span class=\"_ _c2\"></span>Ponderado <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>Capital<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>o <span class=\"_ _c5\"></span>WACC) <span class=\"_ _c2\"></span>que <span class=\"_ _c2\"></span>refleja <span class=\"_ _c2\"></span>el <span class=\"_ _c5\"></span>valor <span class=\"_ _c2\"></span>temporal <span class=\"_ _c2\"></span>del <span class=\"_ _c2\"></span>dinero <span class=\"_ _c2\"></span>y <span class=\"_ _c5\"></span>los<span class=\"_ _0\"></span> riesgos asociados<span class=\"_ _0\"></span> a <span class=\"_ _1\"></span>los<span class=\"_ _0\"></span> citados flujos esperados.<span class=\"_ _0\"></span>   Los <span class=\"_ _c4\"></span>cost<span class=\"_ _1\"></span>es <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>venta <span class=\"_ _c4\"></span>se <span class=\"_ _c4\"></span>han <span class=\"_ _c8\"></span>estimado <span class=\"_ _c4\"></span>tomando <span class=\"_ _c4\"></span>en <span class=\"_ _c8\"></span>consideraci\u00f3n <span class=\"_ _c4\"></span>los <span class=\"_ _c8\"></span>costes <span class=\"_ _c4\"></span>incurridos <span class=\"_ _c4\"></span>en <span class=\"_ _c8\"></span>transaccione<span class=\"_ _0\"></span>s previas reali<span class=\"_ _0\"></span>zadas por el Grupo.  El <span class=\"_ _1\"></span>nivel <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>la <span class=\"_ _1\"></span>jerarqu\u00eda <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>valor <span class=\"_ _1\"></span>razonable <span class=\"_ _1\"></span>seg\u00fan <span class=\"_ _1\"></span>la <span class=\"_ _c4\"></span>NIIF <span class=\"_ _c4\"></span>13 <span class=\"_ _1\"></span>en <span class=\"_ _c4\"></span>la <span class=\"_ _1\"></span>que <span class=\"_ _c4\"></span>la <span class=\"_ _1\"></span>medici\u00f3n <span class=\"_ _1\"></span>del <span class=\"_ _c4\"></span>valor <span class=\"_ _1\"></span>razonable <span class=\"_ _1\"></span>se ha clasificado en <span class=\"_ _0\"></span>su totalidad ha<span class=\"_ _0\"></span> sido de Nivel 3, sin<span class=\"_ _0\"></span> considerar si los cos<span class=\"_ _0\"></span>tes de enajenaci<span class=\"_ _0\"></span>\u00f3n o disposici\u00f3<span class=\"_ _0\"></span>n por otra v\u00eda son<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>observable<span class=\"_ _0\"></span>s.   <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Se <span class=\"_ _c4\"></span>han <span class=\"_ _c4\"></span>utilizado <span class=\"_ _1\"></span>proyeccio<span class=\"_ _0\"></span>nes <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>fluj<span class=\"_ _1\"></span>os <span class=\"_ _1\"></span>para <span class=\"_ _1\"></span>el <span class=\"_ _c4\"></span>periodo <span class=\"_ _1\"></span>2022-2040 <span class=\"_ _1\"></span>para <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>sat\u00e9lites <span class=\"_ _1\"></span>act<span class=\"_ _1\"></span>uales<span class=\"_ _0\"></span>, <span class=\"_ _c4\"></span>coherente </span></span>con su vida \u00fatil,<span class=\"_ _0\"></span> as\u00ed como tambi\u00e9n<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>el peri<span class=\"_ _0\"></span>odo de la vida \u00fatil para<span class=\"_ _0\"></span> los nuevos ac<span class=\"_ _0\"></span>tivos satelitales cuyo<span class=\"_ _0\"></span> lanza-<span class=\"_ _29d\"> </span>miento se<span class=\"_ _0\"></span> prev\u00e9 realiz<span class=\"_ _0\"></span>ar en <span class=\"_ _0\"></span>los pr\u00f3ximos<span class=\"_ _0\"></span> a\u00f1os y<span class=\"_ _0\"></span> con la<span class=\"_ _0\"></span> entrada p<span class=\"_ _0\"></span>revista de<span class=\"_ _0\"></span>l Subgrupo Hi<span class=\"_ _0\"></span>spasat en <span class=\"_ _0\"></span>nuevos modelos de negocio<span class=\"_ _0\"></span> y tecnolog\u00edas.   Los motivos por los que se <span class=\"_ _1\"></span>consideran fiable<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>los flujos estimados a m\u00e1s de 5 a\u00f1os se <span class=\"_ _1\"></span>basan en la expe-<span class=\"_ _29d\"> </span>riencia <span class=\"_ _bf\"></span>del <span class=\"_ _bf\"></span>Grupo <span class=\"_ _bf\"></span>en <span class=\"_ _0\"></span>inve<span class=\"_ _0\"></span>rsiones <span class=\"_ _bf\"></span>con <span class=\"_ _bf\"></span>fuerte <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>mponente <span class=\"_ _bf\"></span>tecnol\u00f3gico <span class=\"_ _bf\"></span>que <span class=\"_ _bf\"></span>impli<span class=\"_ _0\"></span>can <span class=\"_ _0\"></span>contratos <span class=\"_ _bf\"></span>y <span class=\"_ _bf\"></span>compromis<span class=\"_ _0\"></span>os a <span class=\"_ _0\"></span>largo <span class=\"_ _bf\"></span>plazo. <span class=\"_ _0\"></span>En <span class=\"_ _bf\"></span>el ne<span class=\"_ _0\"></span>gocio <span class=\"_ _0\"></span>sateli<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>al <span class=\"_ _0\"></span>se<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>materializ<span class=\"_ _0\"></span>an <span class=\"_ _0\"></span>compromisos <span class=\"_ _bf\"></span>contractuales <span class=\"_ _bf\"></span>con <span class=\"_ _0\"></span>clientes <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>rgo <span class=\"_ _0\"></span>pla<span class=\"_ _0\"></span>zo, siendo <span class=\"_ _c4\"></span>habitual <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>firma <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>contratos <span class=\"_ _c4\"></span>a <span class=\"_ _c8\"></span>largo <span class=\"_ _c4\"></span>plazo <span class=\"_ _c4\"></span>que <span class=\"_ _c8\"></span>cubren<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>gran <span class=\"_ _c4\"></span>parte <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>la <span class=\"_ _c4\"></span>vi<span class=\"_ _1\"></span>da<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>\u00fatil <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>los <span class=\"_ _c8\"></span>sat\u00e9lites, con <span class=\"_ _c2\"></span>el <span class=\"_ _c5\"></span>objeto <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>obtener <span class=\"_ _c2\"></span>una <span class=\"_ _c2\"></span>rentabilidad <span class=\"_ _c2\"></span>m\u00ednima <span class=\"_ _c5\"></span>antes <span class=\"_ _c2\"></span>del <span class=\"_ _c5\"></span>lanza<span class=\"_ _0\"></span>miento <span class=\"_ _c5\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _c5\"> </span>los <span class=\"_ _c2\"></span>nuevos <span class=\"_ _c5\"></span>sat\u00e9lites <span class=\"_ _c2\"></span>y <span class=\"_ _c5\"></span>que<span class=\"_ _0\"></span> constituya <span class=\"_ _c5\"></span>una <span class=\"_ _c2\"></span>base <span class=\"_ _c5\"></span>s\u00f3lida <span class=\"_ _c2\"></span>sobre <span class=\"_ _c5\"></span>la <span class=\"_ _c5\"></span>que<span class=\"_ _0\"></span> <span class=\"_ _c5\"> </span>asentar <span class=\"_ _c5\"></span>la <span class=\"_ _c2\"></span>consecuci\u00f3n <span class=\"_ _c5\"></span>de <span class=\"_ _c2\"></span>la <span class=\"_ _c5\"></span>rentabili<span class=\"_ _0\"></span>dad <span class=\"_ _c5\"></span>prevista <span class=\"_ _c5\"></span>del <span class=\"_ _c5\"></span>sa<span class=\"_ _0\"></span>t\u00e9lite conforme a las estimacio<span class=\"_ _0\"></span>nes realizadas para abo<span class=\"_ _0\"></span>rdar el proyecto.<span class=\"_ _29d\"> </span> El <span class=\"_ _c5\"></span>valor <span class=\"_ _c5\"></span>terminal <span class=\"_ _c5\"></span>relacionado <span class=\"_ _c2\"></span>con <span class=\"_ _c0\"> </span>la <span class=\"_ _c5\"></span>tecnolog\u00eda <span class=\"_ _c5\"></span>tradicion<span class=\"_ _0\"></span>al <span class=\"_ _c5\"> </span>es <span class=\"_ _c0\"> </span>cero, <span class=\"_ _c5\"></span>dado<span class=\"_ _0\"></span> <span class=\"_ _c0\"> </span>que <span class=\"_ _c5\"></span>la <span class=\"_ _c5\"></span>infraestructura <span class=\"_ _c2\"></span>que <span class=\"_ _c5\"> </span>da soporte a <span class=\"_ _0\"></span>este negocio<span class=\"_ _0\"></span> dejar\u00e1 de<span class=\"_ _0\"></span> generar <span class=\"_ _0\"></span>ingresos y ga<span class=\"_ _0\"></span>stos una <span class=\"_ _0\"></span>vez alcan<span class=\"_ _0\"></span>ce el fin <span class=\"_ _0\"></span>de su vida<span class=\"_ _0\"></span> \u00fatil. P<span class=\"_ _0\"></span>ara las infraestructuras <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>nueva <span class=\"_ _1\"></span>tecnolog\u00eda <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>nuevos <span class=\"_ _1\"></span>negocios <span class=\"_ _1\"></span>y <span class=\"_ _c4\"></span>servicios, se <span class=\"_ _c4\"></span>ha <span class=\"_ _1\"></span>considerado <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>valor <span class=\"_ _c4\"></span>ter-<span class=\"_ _29d\"> </span>minal, con un crecimien<span class=\"_ _0\"></span>to a perpetuidad del<span class=\"_ _0\"></span> 0% y 1,25%, respectivame<span class=\"_ _0\"></span>nte.   <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Se ha <span class=\"_ _0\"></span>considerado <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>margen <span class=\"_ _0\"></span>EBITDA p<span class=\"_ _0\"></span>ara el <span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>gocio <span class=\"_ _0\"></span>tradicional <span class=\"_ _0\"></span>y pa<span class=\"_ _0\"></span>ra la<span class=\"_ _0\"></span>s nuevas<span class=\"_ _0\"></span> tecnolo<span class=\"_ _0\"></span>g\u00edas y<span class=\"_ _0\"></span> nu<span class=\"_ _0\"></span>evos </span></span>negocios y servicio<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>alin<span class=\"_ _0\"></span>eado con el a\u00f1o anterior,<span class=\"_ _0\"></span> que en conjunto arrojan<span class=\"_ _0\"></span> un margen promedio<span class=\"_ _0\"></span> del 59%.   <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Los <span class=\"_ _1\"></span>principales tipos de cam<span class=\"_ _1\"></span>bio considerados para los flujos <span class=\"_ _1\"></span>en moneda extranjera se <span class=\"_ _1\"></span>han basado en las </span></span>estimaciones <span class=\"_ _1\"></span>para <span class=\"_ _c4\"></span>los <span class=\"_ _c4\"></span>a\u00f1os <span class=\"_ _1\"></span>futuros <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>las <span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>onedas <span class=\"_ _1\"></span>d\u00f3lar <span class=\"_ _c4\"></span>americano<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>(USD), <span class=\"_ _1\"></span>real <span class=\"_ _c4\"></span>brasile\u00f1o <span class=\"_ _1\"></span>(BRL) <span class=\"_ _c4\"></span>y <span class=\"_ _c4\"></span>peso<span class=\"_ _0\"></span> mexicano (MXN).<span class=\"_ _0\"></span>  <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Para la ac<span class=\"_ _0\"></span>tualizaci\u00f3n de<span class=\"_ _0\"></span> los <span class=\"_ _0\"></span>f<span class=\"_ _1\"></span>lujos se<span class=\"_ _0\"></span> ha u<span class=\"_ _0\"></span>tilizado u<span class=\"_ _0\"></span>na tasa<span class=\"_ _0\"></span> de d<span class=\"_ _0\"></span>escuento ba<span class=\"_ _0\"></span>sada en el<span class=\"_ _0\"></span> coste <span class=\"_ _0\"></span>medio p<span class=\"_ _0\"></span>onde-<span class=\"_ _29d\"> </span></span></span>rado <span class=\"_ _c4\"></span>del <span class=\"_ _c4\"></span>capital <span class=\"_ _1\"></span>(W<span class=\"_ _1\"></span>ACC) <span class=\"_ _1\"></span>a <span class=\"_ _c8\"></span>partir <span class=\"_ _c4\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>un <span class=\"_ _1\"></span>inf<span class=\"_ _1\"></span>orme<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>elaborado <span class=\"_ _c4\"></span>por <span class=\"_ _1\"></span>un <span class=\"_ _c8\"></span>experto <span class=\"_ _1\"></span>independien<span class=\"_ _0\"></span>te. <span class=\"_ _c4\"></span>En <span class=\"_ _c8\"></span>concreto <span class=\"_ _1\"></span>se ha utilizado el 8,58% p<span class=\"_ _0\"></span>re-tax para el negocio sate<span class=\"_ _0\"></span>lital tradicional (7,60% e<span class=\"_ _0\"></span>n 2021) as\u00ed como para la<span class=\"_ _0\"></span>s infra-<span class=\"_ _29d\"> </span>estructuras con nueva<span class=\"_ _0\"></span> tecnolog\u00eda y una tasa del 1<span class=\"_ _0\"></span>2,3% pre-tax para los nu<span class=\"_ _0\"></span>evos negocios y servicio<span class=\"_ _0\"></span>s.  Teniendo <span class=\"_ _c2\"></span>en <span class=\"_ _c5\"></span>cuenta <span class=\"_ _c2\"></span>las <span class=\"_ _c2\"></span>hip\u00f3tesis <span class=\"_ _c2\"></span>comentadas <span class=\"_ _c2\"></span>anteriormente, <span class=\"_ _c2\"></span>el <span class=\"_ _c5\"></span>Grupo <span class=\"_ _c2\"></span>ha <span class=\"_ _c2\"></span>concluido <span class=\"_ _c2\"></span>que <span class=\"_ _c5\"></span>no <span class=\"_ _c2\"></span>es <span class=\"_ _c2\"></span>necesario registrar un deterioro<span class=\"_ _0\"></span> de valor al igual que en el eje<span class=\"_ _0\"></span>rcicio 2021.  El Grupo ha realizado un an\u00e1lisis de sensibilidad a trav\u00e9s de <span class=\"_ _1\"></span>variaciones<span class=\"_ _0\"></span> razonables de las <span class=\"_ _1\"></span>principa<span class=\"_ _0\"></span>les <span class=\"_ _1\"></span>hip\u00f3-<span class=\"_ _29d\"> </span>tesis <span class=\"_ _c4\"></span>operativas <span class=\"_ _c4\"></span>y <span class=\"_ _c4\"></span>financieras <span class=\"_ _c4\"></span>consideradas <span class=\"_ _1\"></span>en <span class=\"_ _c4\"></span>dicho <span class=\"_ _c4\"></span>c\u00e1lculo. <span class=\"_ _c4\"></span>Se <span class=\"_ _c4\"></span>han <span class=\"_ _c8\"></span>asu<span class=\"_ _0\"></span>mido <span class=\"_ _c4\"></span>los <span class=\"_ _c4\"></span>siguientes <span class=\"_ _c4\"></span>incrementos <span class=\"_ _c4\"></span>y disminuciones:    Ingresos <span class=\"_ _221\"></span>-4%<span class=\"_ _29d\"> </span>+4%  Margen Bruto <span class=\"_ _222\"></span>-200 p.b.<span class=\"_ _29d\"> </span>+200 p.b.  Tipo cambio USD <span class=\"_ _223\"></span>-5%<span class=\"_ _29d\"> </span>+5%  Tipo cambio BRL <span class=\"_ _224\"></span>-15%<span class=\"_ _29d\"> </span>+15%  Tasa de descuento <span class=\"_ _225\"></span>+40 p.b.<span class=\"_ _29d\"> </span>-40 p.b.<span class=\"_ _29d\"> </span>El <span class=\"_ _1\"></span>rango <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>variaci\u00f3n <span class=\"_ _1\"></span>estimado <span class=\"_ _1\"></span>para <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>an\u00e1lisis <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>sensibilid<span class=\"_ _0\"></span>ad <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>las <span class=\"_ _1\"></span>principales <span class=\"_ _1\"></span>hip\u00f3tesis <span class=\"_ _1\"></span>operati<span class=\"_ _0\"></span>vas <span class=\"_ _c4\"></span>se <span class=\"_ _1\"></span>ha realizado <span class=\"_ _0\"></span>ponderando el <span class=\"_ _0\"></span>peso relativo <span class=\"_ _0\"></span>de ca<span class=\"_ _0\"></span>da una de <span class=\"_ _0\"></span>ellas en l<span class=\"_ _0\"></span>as diferent<span class=\"_ _0\"></span>es UGEs a la<span class=\"_ _0\"></span>s que <span class=\"_ _0\"></span>fue asigna<span class=\"_ _0\"></span>do el Fondo de Comercio.<span class=\"_ _0\"></span>    Para <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>rango <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>sensibilidad <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>ingresos, <span class=\"_ _c4\"></span>se <span class=\"_ _1\"></span>ha <span class=\"_ _1\"></span>realizado <span class=\"_ _1\"></span>un <span class=\"_ _c4\"></span>an\u00e1lisis de <span class=\"_ _c4\"></span>sensibili<span class=\"_ _0\"></span>dad <span class=\"_ _1\"></span>del <span class=\"_ _c4\"></span>impacto <span class=\"_ _c4\"></span>sobre<span class=\"_ _0\"></span> el <span class=\"_ _0\"></span>valor <span class=\"_ _bf\"></span>r<span class=\"_ _1\"></span>ecuperable <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>variaciones <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>ingreso<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>tomando <span class=\"_ _0\"></span>como <span class=\"_ _bf\"></span>r<span class=\"_ _1\"></span>eferen<span class=\"_ _0\"></span>cia <span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>variaci\u00f3n <span class=\"_ _bf\"></span>los <span class=\"_ _0\"></span>ingresos <span class=\"_ _0\"></span>por<span class=\"_ _0\"></span> prestaci\u00f3n de servi<span class=\"_ _0\"></span>cios del \u00b1 4%.  Por otro <span class=\"_ _0\"></span>lado, se <span class=\"_ _0\"></span>ha realiza<span class=\"_ _0\"></span>do un an<span class=\"_ _0\"></span>\u00e1lisis de se<span class=\"_ _0\"></span>nsibilid<span class=\"_ _0\"></span>ad sobre el ma<span class=\"_ _0\"></span>rgen EB<span class=\"_ _0\"></span>ITDA que a<span class=\"_ _0\"></span>rr<span class=\"_ _1\"></span>ojan la<span class=\"_ _0\"></span>s proyeccio<span class=\"_ _0\"></span>-<span class=\"_ _29d\"> </span>nes <span class=\"_ _1\"></span>que <span class=\"_ _c4\"></span>soportan <span class=\"_ _c4\"></span>el <span class=\"_ _1\"></span>valor <span class=\"_ _c8\"></span>recuperable<span class=\"_ _0\"></span>, <span class=\"_ _c4\"></span>incorporando <span class=\"_ _1\"></span>un <span class=\"_ _c4\"></span>aumento/disminu<span class=\"_ _0\"></span>ci\u00f3n <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>los <span class=\"_ _1\"></span>gastos <span class=\"_ _c4\"></span>operativos <span class=\"_ _c4\"></span>que supongan <span class=\"_ _c4\"></span>una <span class=\"_ _1\"></span>variaci\u00f3n <span class=\"_ _c4\"></span>en <span class=\"_ _c4\"></span>el <span class=\"_ _c4\"></span>margen <span class=\"_ _c4\"></span>anual <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>EBITDA <span class=\"_ _1\"></span>durante <span class=\"_ _c4\"></span>el <span class=\"_ _c4\"></span>horizonte <span class=\"_ _c4\"></span>temporal <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>las <span class=\"_ _c8\"></span>proye<span class=\"_ _0\"></span>cciones de <span class=\"_ _1\"></span>\u00b12<span class=\"_ _1\"></span>00 <span class=\"_ _1\"></span>p.b. <span class=\"_ _c4\"></span>Este <span class=\"_ _c4\"></span>rango <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>variaci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>del <span class=\"_ _c4\"></span>margen <span class=\"_ _c4\"></span>EBITDA <span class=\"_ _1\"></span>se <span class=\"_ _c4\"></span>considera <span class=\"_ _c4\"></span>razonable, <span class=\"_ _1\"></span>teniendo <span class=\"_ _1\"></span>en <span class=\"_ _c4\"></span>cuenta <span class=\"_ _c4\"></span>que Hispasat <span class=\"_ _1\"></span>ha <span class=\"_ _c4\"></span>realizado <span class=\"_ _1\"></span>una <span class=\"_ _1\"></span>estimaci\u00f3n <span class=\"_ _c4\"></span>detallad<span class=\"_ _0\"></span>a <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>su <span class=\"_ _1\"></span>estructura <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>costes <span class=\"_ _1\"></span>necesarios <span class=\"_ _1\"></span>para <span class=\"_ _c4\"></span>la <span class=\"_ _1\"></span>ejecuci\u00f3n <span class=\"_ _1\"></span>de los proyectos <span class=\"_ _0\"></span>considerado<span class=\"_ _0\"></span>s en el Pla<span class=\"_ _0\"></span>n Estrat\u00e9gico <span class=\"_ _0\"></span>y tomando co<span class=\"_ _0\"></span>mo referencia<span class=\"_ _0\"></span> la de ot<span class=\"_ _0\"></span>ros operadores <span class=\"_ _0\"></span>con un<span class=\"_ _0\"></span> grado de verticaliz<span class=\"_ _0\"></span>aci\u00f3n asimilable al contemplado<span class=\"_ _0\"></span> en las proyecciones.  En <span class=\"_ _c4\"></span>cuanto <span class=\"_ _c8\"></span>al <span class=\"_ _c8\"></span>an\u00e1lisis <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>sensibilid<span class=\"_ _0\"></span>ad <span class=\"_ _c8\"></span>por <span class=\"_ _c8\"></span>variaci\u00f3n <span class=\"_ _c4\"></span>del <span class=\"_ _c8\"></span>tipo <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>cambio <span class=\"_ _c4\"></span>en <span class=\"_ _c4\"></span>las <span class=\"_ _c8\"></span>proyecciones <span class=\"_ _c8\"></span>que <span class=\"_ _c4\"></span>soportan <span class=\"_ _c8\"></span>el c\u00e1lculo del valor recuperable, se han considerado las monedas que afectan a la pr\u00e1ctica totalidad del riesgo por <span class=\"_ _c5\"></span>divisa, <span class=\"_ _c5\"></span>co<span class=\"_ _0\"></span>mo <span class=\"_ _c5\"></span>son <span class=\"_ _c2\"></span>el <span class=\"_ _c5\"></span>d\u00f3lar <span class=\"_ _c5\"></span>americano <span class=\"_ _c2\"></span>(USD) <span class=\"_ _c2\"></span>y <span class=\"_ _c5\"> </span>el <span class=\"_ _c5\"> </span>real <span class=\"_ _c5\"></span>brasile\u00f1o<span class=\"_ _0\"></span> <span class=\"_ _c5\"> </span>(BRL). <span class=\"_ _c5\"> </span>Las <span class=\"_ _c5\"></span>variacione<span class=\"_ _0\"></span>s <span class=\"_ _c5\"> </span>incluidas <span class=\"_ _c2\"></span>en <span class=\"_ _c5\"> </span>el an\u00e1lisis de <span class=\"_ _1\"></span>sensibilidad<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>on <span class=\"_ _1\"></span>del \u00b1<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>5% para <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>EUR/USD y <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>\u00b1 <span class=\"_ _1\"></span>15% <span class=\"_ _1\"></span>para <span class=\"_ _1\"></span>el EUR/BRL. <span class=\"_ _1\"></span>Estas referencias se encuentran en l<span class=\"_ _0\"></span>\u00ednea <span class=\"_ _1\"></span>con<span class=\"_ _0\"></span> las calculadas en el ejer<span class=\"_ _0\"></span>cicio anterior.   Para el<span class=\"_ _0\"></span> ran<span class=\"_ _0\"></span>go d<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>sensibilidad <span class=\"_ _0\"></span>de l<span class=\"_ _0\"></span>a tasa<span class=\"_ _0\"></span> de <span class=\"_ _0\"></span>descue<span class=\"_ _0\"></span>nto, se<span class=\"_ _0\"></span> ha<span class=\"_ _0\"></span> realiz<span class=\"_ _0\"></span>ado un<span class=\"_ _0\"></span> a<span class=\"_ _0\"></span>n\u00e1lisis <span class=\"_ _0\"></span>de sensib<span class=\"_ _0\"></span>ilidad <span class=\"_ _0\"></span>del i<span class=\"_ _0\"></span>mpacto sobre <span class=\"_ _bf\"></span>el <span class=\"_ _0\"></span>valor <span class=\"_ _bf\"></span>recuperabl<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>ante <span class=\"_ _bf\"></span>variaciones <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>la <span class=\"_ _bf\"></span>tasa <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>\u00b1 <span class=\"_ _0\"></span>10<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>p.b., <span class=\"_ _bf\"></span>\u00b1 <span class=\"_ _0\"></span>50 <span class=\"_ _bf\"></span>p.b. <span class=\"_ _bf\"></span>y <span class=\"_ _bf\"></span>\u00b1 <span class=\"_ _0\"></span>50 <span class=\"_ _bf\"></span>p.b. <span class=\"_ _bf\"></span>par<span class=\"_ _1\"></span>a <span class=\"_ _bf\"></span>las <span class=\"_ _bf\"></span>UGEs <span class=\"_ _0\"></span>Legacy<span class=\"_ _0\"></span>, UGE <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>infr<span class=\"_ _1\"></span>aest<span class=\"_ _0\"></span>ructuras <span class=\"_ _bf\"></span>con <span class=\"_ _bf\"></span>nueva <span class=\"_ _0\"></span>tecnolo<span class=\"_ _0\"></span>g\u00eda <span class=\"_ _0\"></span>y <span class=\"_ _bf\"></span>UGE <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>nuevos <span class=\"_ _bf\"></span>negocios <span class=\"_ _bf\"></span>y <span class=\"_ _bf\"></span>servicios, <span class=\"_ _bf\"></span>respectivamente. <span class=\"_ _bf\"></span>Estas<span class=\"_ _0\"></span> variaciones consideran<span class=\"_ _0\"></span> el diferencial de riesgo<span class=\"_ _0\"></span> asociado a las tres UGEs.<span class=\"_ _29d\"> </span>Del <span class=\"_ _1\"></span>an\u00e1lisis r<span class=\"_ _1\"></span>ealizado se <span class=\"_ _c4\"></span>pone <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>manifiesto <span class=\"_ _c4\"></span>que a <span class=\"_ _1\"></span>31 <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>diciembre <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>2022 <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>2021 <span class=\"_ _1\"></span>cualquier <span class=\"_ _c4\"></span>cambio r<span class=\"_ _1\"></span>azo-<span class=\"_ _29d\"> </span>nablemente <span class=\"_ _c5\"></span>posible<span class=\"_ _0\"></span> <span class=\"_ _c5\"> </span>en <span class=\"_ _c5\"> </span>cualquiera <span class=\"_ _c5\"></span>de <span class=\"_ _c5\"></span>las <span class=\"_ _c5\"></span>hip\u00f3te<span class=\"_ _0\"></span>sis <span class=\"_ _c5\"> </span>clave <span class=\"_ _c5\"> </span>consideradas, <span class=\"_ _c2\"></span>sobre <span class=\"_ _c0\"> </span>las <span class=\"_ _c2\"></span>que <span class=\"_ _c0\"> </span>se <span class=\"_ _c2\"></span>ba<span class=\"_ _1\"></span>sa <span class=\"_ _c2\"></span>el <span class=\"_ _c5\"> </span>importe recuperable <span class=\"_ _bf\"></span>del <span class=\"_ _0\"></span>negocio <span class=\"_ _bf\"></span>satelital <span class=\"_ _0\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>Grupo, <span class=\"_ _0\"></span>no<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>cau<span class=\"_ _0\"></span>sar\u00eda <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>el<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>importe <span class=\"_ _bf\"></span>en <span class=\"_ _0\"></span>lib<span class=\"_ _0\"></span>ros <span class=\"_ _0\"></span>agregado<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>grupo <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>UGEs (1.097 mil<span class=\"_ _0\"></span>lones de euros en 2022<span class=\"_ _0\"></span> y 1.036 en<span class=\"_ _0\"></span> 2021), a las<span class=\"_ _0\"></span> que se ha asign<span class=\"_ _0\"></span>ado el Fondo d<span class=\"_ _0\"></span>e Comercio, supe<span class=\"_ _0\"></span>re al importe recupera<span class=\"_ _0\"></span>ble agregado de<span class=\"_ _0\"></span> las UGEs. El valor recupe<span class=\"_ _0\"></span>rable a 31 d<span class=\"_ _0\"></span>e diciembre de 2022 es <span class=\"_ _0\"></span>aproxima-<span class=\"_ _29d\"> </span>damente un 20% sup<span class=\"_ _0\"></span>erior al importe en li<span class=\"_ _0\"></span>bros.  Otro inmovili<span class=\"_ _0\"></span>zado intangible  En relaci\u00f3<span class=\"_ _0\"></span>n con lo<span class=\"_ _0\"></span>s activ<span class=\"_ _0\"></span>os asignados<span class=\"_ _0\"></span> a la <span class=\"ff5\">U<span class=\"_ _0\"></span>GE d<span class=\"_ _0\"></span>el Transporte<span class=\"_ _0\"></span> de ene<span class=\"_ _0\"></span>rg\u00eda el\u00e9ctrica<span class=\"_ _0\"></span> en Chi<span class=\"_ _0\"></span>le<span class=\"ff3\">, que <span class=\"_ _0\"></span>incluyen </span></span>el activo intangible<span class=\"_ _0\"></span> por el Derecho de<span class=\"_ _0\"></span> Tarifa regulada, los<span class=\"_ _0\"></span> act<span class=\"_ _1\"></span>ivos<span class=\"_ _0\"></span> materiales descritos<span class=\"_ _0\"></span> en la nota 8 y la inver-<span class=\"_ _29d\"> </span>si\u00f3n <span class=\"_ _1\"></span>por <span class=\"_ _c4\"></span>el <span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>\u00e9todo <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>la <span class=\"_ _1\"></span>participaci\u00f3n <span class=\"_ _c4\"></span>en <span class=\"_ _c4\"></span>TEN <span class=\"_ _1\"></span>desglosa<span class=\"_ _0\"></span>da <span class=\"_ _c4\"></span>en <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>nota <span class=\"_ _1\"></span>11, <span class=\"_ _1\"></span>se <span class=\"_ _c4\"></span>ha <span class=\"_ _c4\"></span>procedido <span class=\"_ _1\"></span>a <span class=\"_ _c4\"></span>realizar <span class=\"_ _c4\"></span>test <span class=\"_ _1\"></span>de deterioro y<span class=\"_ _0\"></span> tras <span class=\"_ _0\"></span>los re<span class=\"_ _0\"></span>sultados <span class=\"_ _0\"></span>de dicho <span class=\"_ _0\"></span>test, no<span class=\"_ _0\"></span> se <span class=\"_ _0\"></span>ha re<span class=\"_ _0\"></span>gistrado nin<span class=\"_ _0\"></span>guna co<span class=\"_ _0\"></span>rrecci\u00f3n valora<span class=\"_ _0\"></span>tiva al <span class=\"_ _0\"></span>igual <span class=\"_ _0\"></span>que en el ejercicio 2021.<span class=\"_ _0\"></span>  Para realizar dic<span class=\"_ _0\"></span>ho test d<span class=\"_ _0\"></span>e deterioro, el <span class=\"_ _0\"></span>Grupo ha <span class=\"_ _0\"></span>considerado las <span class=\"_ _0\"></span>proyeccion<span class=\"_ _0\"></span>es de flujos de<span class=\"_ _0\"></span> caja fut<span class=\"_ _0\"></span>uros. Las proyecciones se<span class=\"_ _0\"></span> han realizad<span class=\"_ _0\"></span>o para el periodo 202<span class=\"_ _0\"></span>2-2070 y considerando<span class=\"_ _0\"></span> un crecimiento a<span class=\"_ _0\"></span> perpetuidad pos-<span class=\"_ _29d\"> </span>teriormente. <span class=\"_ _0\"></span>Los motivos<span class=\"_ _0\"></span> por <span class=\"_ _0\"></span>los que <span class=\"_ _0\"></span>se co<span class=\"_ _0\"></span>nsideran fia<span class=\"_ _0\"></span>bles los <span class=\"_ _0\"></span>flujos es<span class=\"_ _0\"></span>timados a <span class=\"_ _0\"></span>m\u00e1s de <span class=\"_ _0\"></span>5 a\u00f1<span class=\"_ _0\"></span>os se <span class=\"_ _0\"></span>basan <span class=\"_ _0\"></span>en la <span class=\"_ _c8\"></span>experiencia <span class=\"_ _c8\"></span>del <span class=\"_ _c8\"></span>Grupo <span class=\"_ _c8\"></span>en <span class=\"_ _c2\"></span>negocios <span class=\"_ _c8\"></span>regulados<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>en <span class=\"_ _c2\"></span>el <span class=\"_ _c2\"></span>mercado <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>transporte <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>electricidad<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>en <span class=\"_ _c4\"></span>Chile <span class=\"_ _c2\"></span>que implica un derecho de<span class=\"_ _0\"></span> tarifa regulada perpetuo<span class=\"_ _0\"></span>.  Las <span class=\"_ _1\"></span>hip\u00f3tesis <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>incluyen <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>las <span class=\"_ _c4\"></span>proyeccione<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>utilizadas <span class=\"_ _1\"></span>y <span class=\"_ _c4\"></span>que <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>basan en <span class=\"_ _c4\"></span>las <span class=\"_ _1\"></span>previsiones del <span class=\"_ _1\"></span>negocio actualizadas y<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>la propia e<span class=\"_ _0\"></span>xperiencia pasada. Las h<span class=\"_ _0\"></span>ip\u00f3tesis utilizadas han s<span class=\"_ _0\"></span>ido las siguientes:    <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Retribuci\u00f3n <span class=\"_ _1\"></span>regulada: se ha estimado teniendo en cuenta las cifras <span class=\"_ _1\"></span>aprobada<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>en el <span class=\"_ _1\"></span>Decreto Tarifari<span class=\"_ _0\"></span>o <span class=\"_ _1\"></span>por </span></span>parte <span class=\"_ _c4\"></span>del <span class=\"_ _1\"></span>M<span class=\"_ _1\"></span>iniste<span class=\"_ _0\"></span>rio <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>Energ\u00eda <span class=\"_ _c4\"></span>(v\u00e9ase <span class=\"_ _1\"></span>nota <span class=\"_ _c4\"></span>3.b), <span class=\"_ _1\"></span>y <span class=\"_ _c8\"></span>se <span class=\"_ _c4\"></span>ha <span class=\"_ _c4\"></span>actualizado<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>para <span class=\"_ _c4\"></span>los <span class=\"_ _c4\"></span>ejercicios <span class=\"_ _1\"></span>posteriores <span class=\"_ _c4\"></span>utili-<span class=\"_ _29d\"> </span>zando los mecanismos p<span class=\"_ _0\"></span>ara la actualizaci\u00f3<span class=\"_ _0\"></span>n que la legislaci\u00f3n estable<span class=\"_ _0\"></span>ce.    <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Inver<span class=\"_ _1\"></span>si\u00f3n: se <span class=\"_ _1\"></span>ha <span class=\"_ _1\"></span>usado la <span class=\"_ _1\"></span>mejor informaci\u00f3n disponible sobr<span class=\"_ _1\"></span>e los <span class=\"_ _1\"></span>planes de <span class=\"_ _1\"></span>inversi\u00f3n <span class=\"_ _1\"></span>en activos <span class=\"_ _1\"></span>y mante-<span class=\"_ _29d\"> </span></span></span>nimiento de las inf<span class=\"_ _0\"></span>raestructuras a lo largo del<span class=\"_ _0\"></span> horizonte temporal estimad<span class=\"_ _0\"></span>o.    <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Costes <span class=\"_ _c8\"></span>de <span class=\"_ _1\"></span>operaci\u00f3n <span class=\"_ _c4\"></span>y <span class=\"_ _c4\"></span>mantenimiento: <span class=\"_ _1\"></span>han <span class=\"_ _c4\"></span>sido <span class=\"_ _c4\"></span>proyectados <span class=\"_ _1\"></span>coherentemente <span class=\"_ _c4\"></span>con <span class=\"_ _1\"></span>el <span class=\"_ _c4\"></span>crecimiento <span class=\"_ _c4\"></span>que <span class=\"_ _1\"></span>se </span></span>espera derivado del pla<span class=\"_ _0\"></span>n de inversiones.    <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Otr<span class=\"_ _1\"></span>os costes: <span class=\"_ _1\"></span>han <span class=\"_ _1\"></span>sido <span class=\"_ _1\"></span>proyectados en <span class=\"_ _1\"></span>base al <span class=\"_ _1\"></span>conocimiento <span class=\"_ _1\"></span>del sector, <span class=\"_ _1\"></span>la experiencia <span class=\"_ _1\"></span>pasada y <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>l\u00ednea </span></span>con el crecimiento que<span class=\"_ _0\"></span> se espera derivado del pla<span class=\"_ _0\"></span>n de inversiones.    <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Tasa de <span class=\"_ _0\"></span>crecimiento: <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>ha esti<span class=\"_ _0\"></span>mado una <span class=\"_ _0\"></span>tasa <span class=\"_ _0\"></span>media<span class=\"_ _0\"></span> ponderada <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>crecimiento <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>perpetuidad <span class=\"_ _0\"></span>del 2<span class=\"_ _0\"></span>,05%.  </span></span> <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Tasa <span class=\"_ _c8\"></span>de <span class=\"_ _c4\"></span>descuento <span class=\"_ _c4\"></span>del <span class=\"_ _c4\"></span>coste <span class=\"_ _c4\"></span>m<span class=\"_ _1\"></span>edio <span class=\"_ _c4\"></span>ponderado <span class=\"_ _1\"></span>del <span class=\"_ _c4\"></span>capital <span class=\"_ _c4\"></span>(WACC): <span class=\"_ _c8\"></span>se <span class=\"_ _c4\"></span>ha <span class=\"_ _c4\"></span>utilizado <span class=\"_ _c4\"></span>una <span class=\"_ _c4\"></span>tasa <span class=\"_ _c4\"></span>ponderada </span></span>de 9,07% pre-tax obten<span class=\"_ _0\"></span>ida a partir de un info<span class=\"_ _0\"></span>rme elaborado por un expe<span class=\"_ _0\"></span>rto independiente. <span class=\"_ _0\"></span> El an\u00e1li<span class=\"_ _0\"></span>sis de sensibili<span class=\"_ _0\"></span>dad se ha realizado a<span class=\"_ _0\"></span>tendiendo a <span class=\"_ _0\"></span>las variaciones <span class=\"_ _0\"></span>razonablemente posible<span class=\"_ _0\"></span>s en la<span class=\"_ _0\"></span>s prin-<span class=\"_ _29d\"> </span>cipales h<span class=\"_ _0\"></span>ip\u00f3tesis, de<span class=\"_ _0\"></span> manera que<span class=\"_ _0\"></span> un incre<span class=\"_ _0\"></span>mento de <span class=\"_ _0\"></span>la tasa<span class=\"_ _0\"></span> de descuen<span class=\"_ _0\"></span>to de <span class=\"_ _0\"></span>un 0,5% <span class=\"_ _0\"></span>y una <span class=\"_ _0\"></span>disminuci\u00f3n <span class=\"_ _0\"></span>de la<span class=\"_ _0\"></span> tasa <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>crecimien<span class=\"_ _0\"></span>to <span class=\"_ _c4\"></span>en <span class=\"_ _c4\"></span>un <span class=\"_ _1\"></span>0,5% <span class=\"_ _c4\"></span>no <span class=\"_ _c4\"></span>supondr\u00eda <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>deterior<span class=\"_ _1\"></span>o. <span class=\"_ _1\"></span>No <span class=\"_ _c4\"></span>se <span class=\"_ _c4\"></span>han <span class=\"_ _1\"></span>sensibil<span class=\"_ _0\"></span>izado <span class=\"_ _c4\"></span>otras <span class=\"_ _c4\"></span>hip\u00f3tesis <span class=\"_ _1\"></span>dado <span class=\"_ _c4\"></span>el car\u00e1cter regulado de<span class=\"_ _0\"></span> la actividad. 8<span class=\"ff3\"> <span class=\"_ _d5\"> </span></span>In<span class=\"_ _1\"></span>movilizado <span class=\"_ _1\"></span>material El movimien<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>producido durante<span class=\"_ _0\"></span> los ejercicio<span class=\"_ _0\"></span>s 20<span class=\"_ _0\"></span>22 y 2021 <span class=\"_ _0\"></span>en las diferent<span class=\"_ _0\"></span>es cuentas de<span class=\"_ _0\"></span>l Inmovilizado <span class=\"_ _0\"></span>mate-<span class=\"_ _29d\"> </span>rial, <span class=\"_ _0\"></span>as\u00ed <span class=\"_ _0\"></span>como <span class=\"_ _bf\"></span>en <span class=\"_ _0\"></span>sus <span class=\"_ _0\"></span>corre<span class=\"_ _0\"></span>spondientes <span class=\"_ _0\"></span>amortizaci<span class=\"_ _0\"></span>ones <span class=\"_ _0\"></span>acumuladas <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>terioros <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>valo<span class=\"_ _0\"></span>r h<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>sido <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>iguiente:<span class=\"_ _29d\"> </span>Salidas, Modifi-<span class=\"_ _29d\"> </span>Varia-<span class=\"_ _29d\"> </span>Modifica-<span class=\"_ _29d\"> </span>Varia-<span class=\"_ _29d\"> </span>Salidas, bajas, re-<span class=\"_ _29d\"> </span>caci\u00f3n ciones ci\u00f3n per\u00ed-<span class=\"_ _29d\"> </span>ciones bajas, re-<span class=\"_ _29d\"> </span>Altas y duccio-<span class=\"_ _29d\"> </span>Traspa-<span class=\"_ _29d\"> </span>per\u00edme-<span class=\"_ _29d\"> </span>Altas y Traspa-<span class=\"_ _29d\"> </span>31.12.2020<span class=\"_ _29d\"> </span>tipo de metro de 31.12.2021<span class=\"_ _29d\"> </span>tipo de ducciones 31.12.2022<span class=\"_ _29d\"> </span>Otros<span class=\"_ _29d\"> </span>nes y sa-<span class=\"_ _29d\"> </span>sos<span class=\"_ _29d\"> </span>tro de Otros<span class=\"_ _29d\"> </span>sos<span class=\"_ _29d\"> </span>cam-<span class=\"_ _29d\"> </span>consoli-<span class=\"_ _29d\"> </span>cam-<span class=\"_ _29d\"> </span>y sanea-<span class=\"_ _29d\"> </span>neamien-<span class=\"_ _29d\"> </span>consoli-<span class=\"_ _29d\"> </span>bio<span class=\"_ _29d\"> </span>daci\u00f3n<span class=\"_ _29d\"> </span>bio<span class=\"_ _29d\"> </span>mientos<span class=\"_ _29d\"> </span>Miles de euros<span class=\"_ _29d\"> </span>tos<span class=\"_ _29d\"> </span>daci\u00f3n<span class=\"_ _29d\"> </span>Coste <span class=\"_ _f8\"> </span>  <span class=\"_ _f9\"> </span>  <span class=\"_ _fa\"> </span>  <span class=\"_ _9a\"> </span>  <span class=\"_ _f3\"> </span>  <span class=\"_ _35\"> </span>  <span class=\"_ _fb\"> </span>  <span class=\"_ _f9\"> </span>  <span class=\"_ _fa\"> </span>  <span class=\"_ _ee\"> </span> <span class=\"_ _1\"></span> <span class=\"_ _f3\"> </span>  <span class=\"_ _fc\"> </span>  <span class=\"_ _f3\"> </span>  Terrenos y construc<span class=\"_ _0\"></span>ciones <span class=\"_ _e0\"> </span>115.765 122 - 221 (2.506)<span class=\"_ _29d\"> </span>477 114.079 2.005 530 3.962 (1.521)<span class=\"_ _29d\"> </span>9.286 128.341 Instalaciones t\u00e9cnica<span class=\"_ _0\"></span>s de energ\u00eda el\u00e9ctrica<span class=\"_ _0\"></span> <span class=\"_ _c6\"> </span>1<span class=\"_ _0\"></span>4.787.613 5.693 - 547 - 345.960 15.139.813 7.510 - - - 417.082 15.564.405 Instalaciones t\u00e9cnica<span class=\"_ _0\"></span>s de telecomunicacio-<span class=\"_ _29d\"> </span>1.407.247 865 1.957 16.680 (4.668)<span class=\"_ _29d\"> </span>6.473 1.428.554 1.396 18.597 340 (2.318)<span class=\"_ _29d\"> </span>9.756 1.456.325 nes<span class=\"_ _29d\"> </span>Otras instalaciones<span class=\"_ _0\"></span>, maquinaria, utillaje, 267.109 1.524 - 18.573 (3.890)<span class=\"_ _29d\"> </span>(306)<span class=\"_ _29d\"> </span>283.010 375 - 5.520 (5.548)<span class=\"_ _29d\"> </span>11.080 294.437 mobiliario y otro inmo<span class=\"_ _0\"></span>vilizado Anticipos e inmovili<span class=\"_ _0\"></span>zado material en curso <span class=\"_ _fd\"> </span>926.486 1.665 933 501.565 (1.956)<span class=\"_ _29d\"> </span>(352.003)<span class=\"_ _29d\"> </span>1.076.691 3.357 1.714 556.839 (4.380)<span class=\"_ _29d\"> </span>(497.611)<span class=\"_ _29d\"> </span>1.136.610 Total Coste <span class=\"_ _df\"> </span>17.504.220<span class=\"_ _29d\"> </span>9.869<span class=\"_ _29d\"> </span>2.890<span class=\"_ _29d\"> </span>537.586<span class=\"_ _29d\"> </span>(13.020)<span class=\"_ _29d\"> </span>601<span class=\"_ _29d\"> </span>18.042.147 14.643 20.841 566.661 (13.767)<span class=\"_ _29d\"> </span>(50.407)<span class=\"_ _29d\"> </span>18.580.118 Amortizaci\u00f3n Acu<span class=\"_ _0\"></span>mulada <span class=\"_ _fe\"> </span>  <span class=\"_ _f9\"> </span>  <span class=\"_ _fa\"> </span>  <span class=\"_ _9a\"> </span>  <span class=\"_ _f3\"> </span>  <span class=\"_ _35\"> </span>  <span class=\"_ _fb\"> </span>  <span class=\"_ _4a\"> </span> <span class=\"_ _1\"></span> <span class=\"_ _fa\"> </span>  <span class=\"_ _a\"> </span>  <span class=\"_ _fb\"> </span>  <span class=\"_ _fc\"> </span>  <span class=\"_ _f3\"> </span>  Amortizaci\u00f3n cons<span class=\"_ _0\"></span>trucciones <span class=\"_ _ff\"> </span>(29.870)<span class=\"_ _29d\"> </span>(12)<span class=\"_ _29d\"> </span>- (3.473)<span class=\"_ _29d\"> </span>2.208 - (31.147)<span class=\"_ _29d\"> </span>(69)<span class=\"_ _29d\"> </span>- (4.224)<span class=\"_ _29d\"> </span>754 46 (34.640)<span class=\"_ _29d\"> </span>Amortizaci\u00f3n Ins<span class=\"_ _0\"></span>talaciones t\u00e9cnicas de  (272.637)<span class=\"_ _29d\"> </span>(447)<span class=\"_ _29d\"> </span>- (104.901)<span class=\"_ _29d\"> </span>3.220 - (374.765)<span class=\"_ _29d\"> </span>(175)<span class=\"_ _29d\"> </span>- (114.070)<span class=\"_ _29d\"> </span>5.798 237 (482.975)<span class=\"_ _29d\"> </span>telecomunicaciones<span class=\"_ _29d\"> </span>Amortizaci\u00f3n Ins<span class=\"_ _0\"></span>talaciones t\u00e9cnicas de (7.240.156)<span class=\"_ _29d\"> </span>(314)<span class=\"_ _29d\"> </span>- (360.089)<span class=\"_ _29d\"> </span>- - (7.600.559)<span class=\"_ _29d\"> </span>(283)<span class=\"_ _29d\"> </span>- (364.837)<span class=\"_ _29d\"> </span>- - (7.965.679)<span class=\"_ _29d\"> </span>energ\u00eda el\u00e9ctrica<span class=\"_ _29d\"> </span>Amortizaci\u00f3n Otras<span class=\"_ _0\"></span> instalaciones, maqui-<span class=\"_ _29d\"> </span>(236.176)<span class=\"_ _29d\"> </span>(18)<span class=\"_ _29d\"> </span>- (13.651)<span class=\"_ _29d\"> </span>2.203 - (247.642)<span class=\"_ _29d\"> </span>(35)<span class=\"_ _29d\"> </span>- (14.688)<span class=\"_ _29d\"> </span>4.933 (283)<span class=\"_ _29d\"> </span>(257.715)<span class=\"_ _29d\"> </span>naria, utillaje, mobilia<span class=\"_ _0\"></span>rio y otro inmovilizado<span class=\"_ _0\"></span> Total Amortizaci\u00f3n Acu<span class=\"_ _0\"></span>mulada <span class=\"_ _35\"> </span>(7.778<span class=\"_ _0\"></span>.839)<span class=\"_ _29d\"> </span>(791)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>(482.115)<span class=\"_ _29d\"> </span>7.631<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>(8.254.114)<span class=\"_ _29d\"> </span>(562)<span class=\"_ _29d\"> </span>- (497.819)<span class=\"_ _29d\"> </span>11.485 - (8.741.010)<span class=\"_ _29d\"> </span>Deterioro <span class=\"_ _100\"> </span> Deterioro terreno<span class=\"_ _0\"></span>s y construcciones <span class=\"_ _101\"> </span>(1.091)<span class=\"_ _29d\"> </span>- - - - - (1.091)<span class=\"_ _29d\"> </span>- - - - - (1.091)<span class=\"_ _29d\"> </span>Deterioro Instalacion<span class=\"_ _0\"></span>es t\u00e9cnicas de  (106.094)<span class=\"_ _29d\"> </span>(37)<span class=\"_ _29d\"> </span>- (89)<span class=\"_ _29d\"> </span>2.077 - (104.143)<span class=\"_ _29d\"> </span>(100)<span class=\"_ _29d\"> </span>- (20)<span class=\"_ _29d\"> </span>- - (104.263)<span class=\"_ _29d\"> </span>telecomunicaciones<span class=\"_ _29d\"> </span>Deterioro Instalacion<span class=\"_ _0\"></span>es t\u00e9cnicas de  (95.544)<span class=\"_ _29d\"> </span>- - - - - (95.544)<span class=\"_ _29d\"> </span>- - - - - (95.544)<span class=\"_ _29d\"> </span>energ\u00eda el\u00e9ctrica<span class=\"_ _29d\"> </span>Deterioro otras ins<span class=\"_ _0\"></span>talaciones, maquinaria, (11.407)<span class=\"_ _29d\"> </span>- - - - - (11.407)<span class=\"_ _29d\"> </span>- - - - - (11.407)<span class=\"_ _29d\"> </span>utillaje, mobiliario y o<span class=\"_ _0\"></span>tro inmovilizado Deterioros de valor<span class=\"_ _0\"></span> <span class=\"_ _102\"> </span>(214.136)<span class=\"_ _29d\"> </span>(37)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>(89)<span class=\"_ _29d\"> </span>2.077<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>(212.185)<span class=\"_ _29d\"> </span>(100)<span class=\"_ _29d\"> </span>- (20)<span class=\"_ _29d\"> </span>- - (212.305)<span class=\"_ _29d\"> </span>Valor Neto <span class=\"_ _f7\"> </span>9.511.245<span class=\"_ _29d\"> </span>9.041<span class=\"_ _29d\"> </span>2.890<span class=\"_ _29d\"> </span>55.382<span class=\"_ _29d\"> </span>(3.312)<span class=\"_ _29d\"> </span>601<span class=\"_ _29d\"> </span>9.575.848 13.981 20.841 68.822 (2.282)<span class=\"_ _29d\"> </span>(50.407)<span class=\"_ _29d\"> </span>9.626.803<span class=\"_ _29d\"> </span> <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3\">Inm<span class=\"_ _1\"></span>ovilizado <span class=\"_ _0\"></span>material bruto  </span></span>Las <span class=\"_ _c4\"></span>Instalaciones <span class=\"_ _c4\"></span>t\u00e9cnicas <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>energ\u00eda <span class=\"_ _c8\"></span>el\u00e9ctrica<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>se <span class=\"_ _c4\"></span>corresponden <span class=\"_ _c4\"></span>con <span class=\"_ _c4\"></span>activos <span class=\"_ _c4\"></span>sujetos <span class=\"_ _c4\"></span>a <span class=\"_ _c8\"></span>retribuci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>regulada (v\u00e9ase <span class=\"_ _c4\"></span>nota <span class=\"_ _c8\"></span>3). <span class=\"_ _c8\"></span>Las <span class=\"_ _c8\"></span>principa<span class=\"_ _0\"></span>les <span class=\"_ _c8\"></span>altas <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>las <span class=\"_ _c8\"></span>Instalaciones <span class=\"_ _c4\"></span>t\u00e9cnicas <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>energ\u00eda <span class=\"_ _c8\"></span>el\u00e9ctrica <span class=\"_ _c4\"></span>en <span class=\"_ _c8\"></span>los <span class=\"_ _c8\"></span>a\u00f1os <span class=\"_ _c4\"></span>2022 <span class=\"_ _c4\"></span>y 2021 se han realizado<span class=\"_ _0\"></span> en instalaciones de la red <span class=\"_ _0\"></span>de transporte en Espa\u00f1a<span class=\"_ _0\"></span>.   Las Instalaciones t\u00e9cnicas <span class=\"_ _1\"></span>de telecomunicacione<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>correspond<span class=\"_ _0\"></span>en <span class=\"_ _1\"></span>principalmente tanto a <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>inversi<span class=\"_ _0\"></span>ones <span class=\"_ _1\"></span>aso-<span class=\"_ _29d\"> </span>ciadas a <span class=\"_ _c4\"></span>la f<span class=\"_ _1\"></span>lota de <span class=\"_ _c4\"></span>sat\u00e9li<span class=\"_ _0\"></span>tes <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>Grupo, <span class=\"_ _1\"></span>como a <span class=\"_ _c4\"></span>los derechos <span class=\"_ _1\"></span>sobre <span class=\"_ _1\"></span>bienes en <span class=\"_ _1\"></span>cesi\u00f3n de <span class=\"_ _c4\"></span>uso <span class=\"_ _1\"></span>para la <span class=\"_ _1\"></span>gesti\u00f3n de <span class=\"_ _1\"></span>la <span class=\"_ _c4\"></span>explotaci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>cables <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>ibra <span class=\"_ _1\"></span>\u00f3ptica <span class=\"_ _1\"></span>y <span class=\"_ _c4\"></span>dem\u00e1s <span class=\"_ _1\"></span>elementos <span class=\"_ _1\"></span>asociados, <span class=\"_ _1\"></span>derivados <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>acuerdo <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>cesi\u00f3n de fibra \u00f3ptica<span class=\"_ _0\"></span> suscrito po<span class=\"_ _0\"></span>r Reintel en <span class=\"_ _0\"></span>2014 con A<span class=\"_ _0\"></span>DIF-AV por u<span class=\"_ _0\"></span>n periodo d<span class=\"_ _0\"></span>e 20 a\u00f1os. De<span class=\"_ _0\"></span>ntro de \u2018M<span class=\"_ _0\"></span>odificaci\u00f3n per\u00edmetro <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>consolidaci\u00f3n\u2019 <span class=\"_ _1\"></span>se <span class=\"_ _c8\"></span>recoge <span class=\"_ _c4\"></span>en <span class=\"_ _c8\"></span>2022 <span class=\"_ _c4\"></span>los <span class=\"_ _c4\"></span>activos <span class=\"_ _c4\"></span>procedentes <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>Axess <span class=\"_ _c4\"></span>(ver <span class=\"_ _c4\"></span>not<span class=\"_ _1\"></span>a <span class=\"_ _c4\"></span>6). <span class=\"_ _c4\"></span>En <span class=\"_ _c4\"></span>2021 <span class=\"_ _c4\"></span>se incorporaron <span class=\"_ _0\"></span>dentro de \u2018<span class=\"_ _0\"></span>Modificaci\u00f3n pe<span class=\"_ _0\"></span>r\u00edmetro d<span class=\"_ _0\"></span>e consolidaci\u00f3n\u2019 <span class=\"_ _0\"></span>las instalaci<span class=\"_ _0\"></span>ones incorporadas<span class=\"_ _0\"></span> en la <span class=\"_ _0\"></span>combi-<span class=\"_ _29d\"> </span>naci\u00f3n de negocios<span class=\"_ _0\"></span> tras la adquisici\u00f3n nego<span class=\"_ _0\"></span>cio transmisi\u00f3n de televisi\u00f3<span class=\"_ _0\"></span>n satelital en Per\u00fa (ver n<span class=\"_ _0\"></span>ota 6).   Dentro <span class=\"_ _c8\"></span>del <span class=\"_ _c2\"></span>Inmovilizado <span class=\"_ _c8\"></span>material <span class=\"_ _c2\"></span>se <span class=\"_ _c2\"></span>incluyen <span class=\"_ _c8\"></span>activos <span class=\"_ _c2\"></span>por <span class=\"_ _c2\"></span>derechos <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>uso <span class=\"_ _c8\"></span>por <span class=\"_ _c5\"></span>impo<span class=\"_ _0\"></span>rte <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>26.462 <span class=\"_ _c8\"></span>miles <span class=\"_ _c2\"></span>de euros a 31 de diciembre de 2022 (27.379 miles de euros a 31 de <span class=\"_ _1\"></span>dicie<span class=\"_ _0\"></span>mbre de 2021), los cuales se incluyen en los <span class=\"_ _1\"></span>dis<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>intos ep\u00edgrafes del inmoviliza<span class=\"_ _0\"></span>do <span class=\"_ _1\"></span>material<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>en base a su <span class=\"_ _1\"></span>naturaleza (Terrenos y construccion<span class=\"_ _0\"></span>es, <span class=\"_ _1\"></span>Ins-<span class=\"_ _29d\"> </span>talaciones <span class=\"_ _0\"></span>t\u00e9cnicas <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>telecomunicacio<span class=\"_ _0\"></span>nes <span class=\"_ _0\"></span>y Otra<span class=\"_ _0\"></span>s instalacion<span class=\"_ _0\"></span>es, ma<span class=\"_ _0\"></span>quinaria, <span class=\"_ _0\"></span>utillaje, <span class=\"_ _0\"></span>mobiliarios <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>otro i<span class=\"_ _0\"></span>nmo-<span class=\"_ _29d\"> </span>vilizado<span class=\"_ _0\"></span>) t<span class=\"_ _1\"></span>al y como se<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>se\u00f1a<span class=\"_ _0\"></span>la en la nota 9 de la presente memo<span class=\"_ _0\"></span>ria.  Dentro de<span class=\"_ _0\"></span> Traspasos e<span class=\"_ _0\"></span>n el <span class=\"_ _0\"></span>ejercicio 202<span class=\"_ _0\"></span>2 se <span class=\"_ _0\"></span>ha inclu<span class=\"_ _0\"></span>ido el t<span class=\"_ _0\"></span>raspaso 50.40<span class=\"_ _0\"></span>7 miles<span class=\"_ _0\"></span> de euros<span class=\"_ _0\"></span> a ac<span class=\"_ _0\"></span>tivos financie<span class=\"_ _0\"></span>-<span class=\"_ _29d\"> </span>ros <span class=\"_ _103\"> </span>no <span class=\"_ _103\"> </span>corrien<span class=\"_ _0\"></span>tes <span class=\"_ _103\"> </span>correspondientes<span class=\"_ _0\"></span> <span class=\"_ _103\"> </span>al <span class=\"_ _103\"> </span>activo <span class=\"_ _103\"> </span>concesio<span class=\"_ _0\"></span>nal <span class=\"_ _103\"> </span>surgido <span class=\"_ _103\"> </span>tras<span class=\"_ _0\"></span> <span class=\"_ _103\"> </span>la <span class=\"_ _103\"> </span>aprobaci\u00f3n <span class=\"_ _103\"> </span>de<span class=\"_ _0\"></span> <span class=\"_ _103\"> </span>la <span class=\"_ _103\"> </span>Orden TED/1243/2022, <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>2 <span class=\"_ _c8\"></span>de <span class=\"_ _1\"></span>diciembre <span class=\"_ _c4\"></span>por <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>que <span class=\"_ _c4\"></span>se <span class=\"_ _c4\"></span>aprueba <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>metodolog\u00eda<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>de <span class=\"_ _c4\"></span>c\u00e1lculo <span class=\"_ _1\"></span>de <span class=\"_ _c8\"></span>la <span class=\"_ _1\"></span>retribuci\u00f3n <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>la instalaci\u00f3n hidr\u00e1uli<span class=\"_ _0\"></span>ca reversible del Salto de Chir<span class=\"_ _0\"></span>a en Gran Canaria (ver n<span class=\"_ _0\"></span>ota 3).   <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3\">Gast<span class=\"_ _1\"></span>os capitalizados<span class=\"_ _0\"></span>  </span></span>Los <span class=\"_ _1\"></span>gastos <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>explotaci\u00f3n <span class=\"_ _1\"></span>directamen<span class=\"_ _0\"></span>te <span class=\"_ _1\"></span>relacionados <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>construcciones <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>curso <span class=\"_ _1\"></span>del I<span class=\"_ _1\"></span>nmoviliza<span class=\"_ _0\"></span>do <span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>a-<span class=\"_ _29d\"> </span>terial <span class=\"_ _0\"></span>activados<span class=\"_ _0\"></span> du<span class=\"_ _0\"></span>rante <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>ejercicio<span class=\"_ _0\"></span> 2022<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>ascienden<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>50.859 <span class=\"_ _0\"></span>miles<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>euros <span class=\"_ _0\"></span>(46.178 <span class=\"_ _bf\"></span>miles <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>euros <span class=\"_ _bf\"></span>en 20<span class=\"_ _0\"></span>21). El Grupo incluye<span class=\"_ _0\"></span> dentro de la activaci\u00f3n de<span class=\"_ _0\"></span> gastos direc<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>amente<span class=\"_ _0\"></span> relacionados con<span class=\"_ _0\"></span> la construcci\u00f3n de instala-<span class=\"_ _29d\"> </span>ciones, la<span class=\"_ _0\"></span> totalida<span class=\"_ _0\"></span>d de <span class=\"_ _0\"></span>los gastos <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>explotaci\u00f3n <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>que incurre <span class=\"_ _0\"></span>para da<span class=\"_ _0\"></span>r sop<span class=\"_ _0\"></span>orte a <span class=\"_ _0\"></span>las u<span class=\"_ _0\"></span>nidades dire<span class=\"_ _0\"></span>ctamente relacionadas con la<span class=\"_ _0\"></span> actividad.   Asimismo, <span class=\"_ _1\"></span>durante <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>ejercicio <span class=\"_ _1\"></span>2022, <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>sociedades <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>Grupo <span class=\"_ _1\"></span>han <span class=\"_ _1\"></span>activado <span class=\"_ _1\"></span>como <span class=\"_ _1\"></span>mayor <span class=\"_ _1\"></span>valor <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>Inmovili-<span class=\"_ _29d\"> </span>zado <span class=\"_ _bf\"></span>material, <span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>stos <span class=\"_ _bf\"></span>financieros <span class=\"_ _bf\"></span>r<span class=\"_ _1\"></span>elaciona<span class=\"_ _0\"></span>dos <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>la <span class=\"_ _bf\"></span>construcci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>por <span class=\"_ _bf\"></span>importe <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>6.<span class=\"_ _1\"></span>872 <span class=\"_ _bf\"></span>miles <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>eu<span class=\"_ _0\"></span>ros <span class=\"_ _0\"></span>(7<span class=\"_ _0\"></span>.412 miles <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>euros <span class=\"_ _c4\"></span>en <span class=\"_ _1\"></span>2021). <span class=\"_ _1\"></span>La <span class=\"_ _1\"></span>tasa <span class=\"_ _c4\"></span>media <span class=\"_ _1\"></span>ponderada ut<span class=\"_ _1\"></span>ilizada par<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>activaci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>los <span class=\"_ _c4\"></span>gastos <span class=\"_ _1\"></span>financieros <span class=\"_ _1\"></span>en 2022 ha sido del 1,1% <span class=\"_ _0\"></span>(1,1% en 2021).   <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3\">Bienes totalmente amortizados <span class=\"_ _0\"></span> </span></span>A <span class=\"_ _1\"></span>31 <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>diciembre <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>2022, <span class=\"_ _1\"></span>el <span class=\"_ _c4\"></span>Grupo <span class=\"_ _1\"></span>tiene <span class=\"_ _1\"></span>elementos <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>Inm<span class=\"_ _1\"></span>oviliza<span class=\"_ _0\"></span>do <span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>aterial tot<span class=\"_ _1\"></span>almente <span class=\"_ _1\"></span>amortiz<span class=\"_ _0\"></span>ados <span class=\"_ _c4\"></span>por un <span class=\"_ _1\"></span>importe <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>3.089.386 m<span class=\"_ _1\"></span>iles<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>euros <span class=\"_ _1\"></span>(2.737.381 miles <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>euros <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>2021), <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>cuales <span class=\"_ _1\"></span>2.629.963 miles de euros (2.535.627 <span class=\"_ _0\"></span>miles de euros en 2021) co<span class=\"_ _0\"></span>rresponden a Instalacio<span class=\"_ _0\"></span>nes t\u00e9cnicas de energ\u00eda el\u00e9<span class=\"_ _0\"></span>ctrica.   Las salida<span class=\"_ _0\"></span>s, bajas, reduccio<span class=\"_ _0\"></span>nes y saneamiento<span class=\"_ _0\"></span>s a 31 <span class=\"_ _0\"></span>de diciembre de 202<span class=\"_ _0\"></span>2 y 2021 <span class=\"_ _0\"></span>corresponden f<span class=\"_ _0\"></span>undamen-<span class=\"_ _29d\"> </span>talmente a la baja de acti<span class=\"_ _0\"></span>vos totalmente amortiz<span class=\"_ _0\"></span>ados.    <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3\">Inver<span class=\"_ _1\"></span>siones en in<span class=\"_ _0\"></span>movilizado material situada<span class=\"_ _0\"></span>s fuera del territorio<span class=\"_ _0\"></span> espa\u00f1ol  </span></span>El <span class=\"_ _bf\"></span>valor <span class=\"_ _0\"></span>neto <span class=\"_ _bf\"></span>contable <span class=\"_ _bf\"></span>del <span class=\"_ _0\"></span>Inmovili<span class=\"_ _0\"></span>zado <span class=\"_ _0\"></span>material <span class=\"_ _bf\"></span>situado <span class=\"_ _bf\"></span>fuera <span class=\"_ _0\"></span>del <span class=\"_ _bf\"></span>territorio <span class=\"_ _bf\"></span>espa\u00f1ol <span class=\"_ _bf\"></span>asciende <span class=\"_ _bf\"></span>a <span class=\"_ _0\"></span>31 <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>diciembre de 2022 a 252.182<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>miles<span class=\"_ _0\"></span> de euros (190.390 mile<span class=\"_ _0\"></span>s de euros en el ejercicio 2021<span class=\"_ _0\"></span>).   <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3\">Compromisos de inversi\u00f3n <span class=\"_ _0\"></span> </span></span>El <span class=\"_ _c2\"></span>Grupo <span class=\"_ _c5\"></span>realiza <span class=\"_ _c8\"></span>peri\u00f3dicamente <span class=\"_ _c2\"></span>pedidos <span class=\"_ _c2\"></span>para <span class=\"_ _c5\"></span>i<span class=\"_ _0\"></span>r <span class=\"_ _c5\"></span>cubriend<span class=\"_ _0\"></span>o <span class=\"_ _c5\"></span>las <span class=\"_ _c8\"></span>necesidades <span class=\"_ _c2\"></span>con <span class=\"_ _c2\"></span>el <span class=\"_ _c5\"></span>objeto <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>ejecutar <span class=\"_ _c2\"></span>sus planes de <span class=\"_ _1\"></span>inversiones. Las <span class=\"_ _1\"></span>diferentes <span class=\"_ _1\"></span>cantidades<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>contienen <span class=\"_ _1\"></span>los mencionados pedidos <span class=\"_ _1\"></span>se mat<span class=\"_ _1\"></span>erializ<span class=\"_ _0\"></span>ar\u00e1n normalmente <span class=\"_ _1\"></span>en <span class=\"_ _c4\"></span>\u00f3rdenes <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>entrega <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>edida <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>se <span class=\"_ _c4\"></span>vayan <span class=\"_ _1\"></span>activando <span class=\"_ _c4\"></span>los <span class=\"_ _c4\"></span>diferentes <span class=\"_ _1\"></span>proyectos <span class=\"_ _1\"></span>contenidos<span class=\"_ _0\"></span> en los planes, por tanto,<span class=\"_ _0\"></span> no constituyen en el mo<span class=\"_ _0\"></span>mento de su emisi\u00f3n co<span class=\"_ _0\"></span>mpromisos firmes de ad<span class=\"_ _0\"></span>quisici\u00f3n.  El <span class=\"_ _1\"></span>G<span class=\"_ _1\"></span>rupo <span class=\"_ _1\"></span>no <span class=\"_ _1\"></span>posee <span class=\"_ _c4\"></span>comp<span class=\"_ _0\"></span>romisos <span class=\"_ _1\"></span>defini<span class=\"_ _1\"></span>tivos <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>compra <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>Inmovilizado<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>Material <span class=\"_ _1\"></span>por <span class=\"_ _c4\"></span>importes si<span class=\"_ _1\"></span>gnificativos,<span class=\"_ _0\"></span> en <span class=\"_ _0\"></span>relaci\u00f3n con<span class=\"_ _0\"></span> su <span class=\"_ _0\"></span>volumen <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>Inmovilizado <span class=\"_ _0\"></span>Mater<span class=\"_ _0\"></span>ial, y a<span class=\"_ _0\"></span> las <span class=\"_ _0\"></span>inversiones<span class=\"_ _0\"></span> que<span class=\"_ _0\"></span> realiza <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>tiene p<span class=\"_ _0\"></span>revisto <span class=\"_ _0\"></span>realizar. Subvenciones El <span class=\"_ _0\"></span>detalle de<span class=\"_ _0\"></span> Sub<span class=\"_ _0\"></span>venciones <span class=\"_ _0\"></span>de cap<span class=\"_ _0\"></span>ital y<span class=\"_ _0\"></span> de <span class=\"_ _0\"></span>Otros<span class=\"_ _0\"></span> cobros <span class=\"_ _0\"></span>anticipado<span class=\"_ _0\"></span>s no <span class=\"_ _0\"></span>corrien<span class=\"_ _0\"></span>tes, correspondie<span class=\"_ _0\"></span>ntes <span class=\"_ _0\"></span>al In<span class=\"_ _0\"></span>mo-<span class=\"_ _29d\"> </span>vilizado<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>material se encue<span class=\"_ _0\"></span>ntran detallados en la no<span class=\"_ _0\"></span>ta 15 de esta Memoria.<span class=\"_ _29d\"> </span>Seguros  El <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>tiene <span class=\"_ _0\"></span>contratad<span class=\"_ _0\"></span>as varias <span class=\"_ _0\"></span>p\u00f3li<span class=\"_ _0\"></span>zas <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>seguro <span class=\"_ _0\"></span>para <span class=\"_ _0\"></span>cubrir <span class=\"_ _0\"></span>los <span class=\"_ _bf\"></span>r<span class=\"_ _1\"></span>iesgos <span class=\"_ _bf\"></span>a que <span class=\"_ _0\"></span>est\u00e1n <span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>jetos los <span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>ementos del <span class=\"_ _1\"></span>Inmovilizado <span class=\"_ _1\"></span>material. <span class=\"_ _1\"></span>El <span class=\"_ _c4\"></span>dise\u00f1o <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>contrataci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>las <span class=\"_ _1\"></span>p\u00f3lizas <span class=\"_ _1\"></span>es <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>adecuado <span class=\"_ _1\"></span>para <span class=\"_ _1\"></span>los <span class=\"_ _c4\"></span>riesgos <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>los <span class=\"_ _c4\"></span>que dan cobertura.   <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3\">An\u00e1lisis de deterioro del valor del inmovil<span class=\"_ _0\"></span>izado material su<span class=\"_ _0\"></span>jet<span class=\"_ _1\"></span>o a amortiz<span class=\"_ _0\"></span>aci\u00f3n o depreciaci\u00f3n <span class=\"_ _0\"></span> </span></span>El <span class=\"_ _1\"></span>G<span class=\"_ _1\"></span>rupo <span class=\"_ _1\"></span>sigue <span class=\"_ _1\"></span>el <span class=\"_ _c4\"></span>criterio <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>evaluar <span class=\"_ _1\"></span>la <span class=\"_ _c4\"></span>existencia <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>indicios <span class=\"_ _1\"></span>que <span class=\"_ _c4\"></span>pudieran<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>poner <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>manifiesto <span class=\"_ _c4\"></span>el <span class=\"_ _1\"></span>potencial deterioro <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>valor <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>los <span class=\"_ _c8\"></span>activos <span class=\"_ _c2\"></span>suje<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>os <span class=\"_ _c8\"></span>a <span class=\"_ _c8\"></span>am<span class=\"_ _1\"></span>ortizaci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _c2\"></span>o <span class=\"_ _c8\"></span>depreciaci\u00f3n, <span class=\"_ _c8\"></span>al <span class=\"_ _c2\"></span>objeto <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>comprobar <span class=\"_ _c8\"></span>si <span class=\"_ _c8\"></span>el <span class=\"_ _c2\"></span>valor contable <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>menciona<span class=\"_ _0\"></span>dos <span class=\"_ _0\"></span>activos e<span class=\"_ _0\"></span>xcede <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>valor <span class=\"_ _0\"></span>recuperable<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>entendido <span class=\"_ _0\"></span>como <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>mayor <span class=\"_ _0\"></span>entr<span class=\"_ _0\"></span>e el <span class=\"_ _0\"></span>valor razonable, menos<span class=\"_ _0\"></span> costes de venta y su valor e<span class=\"_ _0\"></span>n uso (ver nota 4.h).  o<span class=\"ff5\"> <span class=\"_ _c3\"> </span><span class=\"ff3\">Negocio<span class=\"_ _0\"></span> satelital<span class=\"fc1\"> </span></span></span>En <span class=\"_ _c2\"></span>2022, <span class=\"_ _c2\"></span>en <span class=\"_ _c2\"></span>relaci\u00f3n <span class=\"_ _c2\"></span>con <span class=\"_ _c2\"></span>la <span class=\"_ _c2\"></span><span class=\"ff5\">UGE <span class=\"_ _c2\"></span>del <span class=\"_ _c2\"></span>negocio <span class=\"_ _c2\"></span>satelital <span class=\"_ _c2\"></span>tradicional <span class=\"_ _c2\"></span>(Legacy),</span> <span class=\"_ _c2\"></span>el <span class=\"_ _c8\"></span>Gr<span class=\"_ _1\"></span>upo <span class=\"_ _c2\"></span>ha <span class=\"_ _c8\"></span>act<span class=\"_ _1\"></span>ualiz<span class=\"_ _0\"></span>ado <span class=\"_ _c2\"></span>el c\u00e1lculo d<span class=\"_ _0\"></span>el valor <span class=\"_ _0\"></span>recuperab<span class=\"_ _0\"></span>le de l<span class=\"_ _0\"></span>os activos <span class=\"_ _0\"></span>deteriorados<span class=\"_ _0\"></span> en el <span class=\"_ _0\"></span>ejercicio <span class=\"_ _0\"></span>2020 al<span class=\"_ _0\"></span> objeto <span class=\"_ _0\"></span>de identifica<span class=\"_ _0\"></span>r potencia<span class=\"_ _0\"></span>-<span class=\"_ _29d\"> </span>les aj<span class=\"_ _1\"></span>ustes <span class=\"_ _1\"></span>al deterioro <span class=\"_ _1\"></span>registrado <span class=\"_ _1\"></span>el ejercicio <span class=\"_ _1\"></span>anterior. <span class=\"_ _1\"></span>A t<span class=\"_ _1\"></span>al efecto, <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>Grupo ha <span class=\"_ _1\"></span>utilizado <span class=\"_ _1\"></span>como <span class=\"_ _1\"></span>base las <span class=\"_ _1\"></span>pro-<span class=\"_ _29d\"> </span>yecciones financiera<span class=\"_ _0\"></span>s del plan estrat\u00e9gico de His<span class=\"_ _0\"></span>pasat aprobado en<span class=\"_ _0\"></span> 2022 (v\u00e9ase nota 7). Se han utilizado proyeccio<span class=\"_ _0\"></span>nes de flujos para el period<span class=\"_ _0\"></span>o 2022-2040, horizonte tempora<span class=\"_ _0\"></span>l coherente con la vida<span class=\"_ _0\"></span> \u00fatil <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>los <span class=\"_ _c4\"></span>sat\u00e9lites. <span class=\"_ _c4\"></span>Los <span class=\"_ _1\"></span>motivos <span class=\"_ _c4\"></span>por <span class=\"_ _c4\"></span>los <span class=\"_ _1\"></span>que <span class=\"_ _c4\"></span>se <span class=\"_ _c4\"></span>consideran <span class=\"_ _1\"></span>fiables <span class=\"_ _c4\"></span>los <span class=\"_ _c4\"></span>flujos <span class=\"_ _1\"></span>estimados <span class=\"_ _c4\"></span>a <span class=\"_ _c4\"></span>m\u00e1s <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>5 <span class=\"_ _c4\"></span>a\u00f1os <span class=\"_ _1\"></span>se basan en <span class=\"_ _0\"></span>la experiencia<span class=\"_ _0\"></span> del Grupo <span class=\"_ _0\"></span>en inversio<span class=\"_ _0\"></span>nes con <span class=\"_ _0\"></span>fuerte componen<span class=\"_ _0\"></span>te tecno<span class=\"_ _0\"></span>l\u00f3gico que i<span class=\"_ _0\"></span>mplican contratos<span class=\"_ _0\"></span> y compromisos <span class=\"_ _0\"></span>a largo pla<span class=\"_ _0\"></span>zo. En el negocio<span class=\"_ _0\"></span> satelital se<span class=\"_ _0\"></span> materializan compro<span class=\"_ _0\"></span>misos contractuales <span class=\"_ _0\"></span>con clien<span class=\"_ _0\"></span>tes a <span class=\"_ _1\"></span>largo plazo, <span class=\"_ _1\"></span>siendo habitual la <span class=\"_ _1\"></span>firma <span class=\"_ _1\"></span>de contratos <span class=\"_ _1\"></span>a largo plazo <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>cubren gran parte <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>la vida <span class=\"_ _1\"></span>\u00fatil <span class=\"_ _1\"></span>de los sat\u00e9lites, <span class=\"_ _c4\"></span>con <span class=\"_ _1\"></span>el <span class=\"_ _c8\"></span>objeto <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>obt<span class=\"_ _1\"></span>ener <span class=\"_ _1\"></span>una <span class=\"_ _c4\"></span>rentabilidad <span class=\"_ _c4\"></span>m\u00ednima <span class=\"_ _1\"></span>antes <span class=\"_ _c4\"></span>del <span class=\"_ _c4\"></span>lanzamiento <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>los <span class=\"_ _c4\"></span>nuevos <span class=\"_ _1\"></span>sat\u00e9lites <span class=\"_ _c4\"></span>y que <span class=\"_ _c8\"></span>constituya <span class=\"_ _c4\"></span>una <span class=\"_ _c8\"></span>base <span class=\"_ _c8\"></span>s\u00f3lida <span class=\"_ _c4\"></span>sobre <span class=\"_ _c8\"></span>la <span class=\"_ _c8\"></span>que <span class=\"_ _c4\"></span>asentar <span class=\"_ _c8\"></span>la <span class=\"_ _c8\"></span>consecuci\u00f3n <span class=\"_ _c8\"></span>de <span class=\"_ _c4\"></span>la <span class=\"_ _c8\"></span>rentabilidad <span class=\"_ _c4\"></span>pr<span class=\"_ _1\"></span>evista <span class=\"_ _c4\"></span>del <span class=\"_ _c8\"></span>sat\u00e9lite conforme a las estimacio<span class=\"_ _0\"></span>nes realizadas para abo<span class=\"_ _0\"></span>rdar el proyecto.   El <span class=\"_ _0\"></span>Grupo <span class=\"_ _bf\"></span>ha <span class=\"_ _0\"></span>utilizado <span class=\"_ _bf\"></span>las <span class=\"_ _0\"></span>siguientes <span class=\"_ _0\"></span>hip<span class=\"_ _0\"></span>\u00f3tesis <span class=\"_ _0\"></span>clave <span class=\"_ _bf\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>c\u00e1lculo<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>valor <span class=\"_ _bf\"></span>recuperable <span class=\"_ _0\"></span>(valor <span class=\"_ _bf\"></span>razonable <span class=\"_ _bf\"></span>m<span class=\"_ _1\"></span>enos<span class=\"_ _0\"></span> costes de venta) del neg<span class=\"_ _0\"></span>ocio satelital tradicional (L<span class=\"_ _0\"></span>egacy):   <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Ingr<span class=\"_ _1\"></span>esos <span class=\"_ _1\"></span>estimados <span class=\"_ _1\"></span>en <span class=\"_ _c4\"></span>base <span class=\"_ _c4\"></span>a <span class=\"_ _c4\"></span>la <span class=\"_ _1\"></span>car<span class=\"_ _1\"></span>tera <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>contratos <span class=\"_ _c4\"></span>existentes<span class=\"_ _0\"></span>, <span class=\"_ _c4\"></span>tasa <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>renovaciones <span class=\"_ _c4\"></span>hist\u00f3ricas, <span class=\"_ _1\"></span>expe-<span class=\"_ _29d\"> </span></span></span>riencia derivada<span class=\"_ _0\"></span> de las reneg<span class=\"_ _0\"></span>ociaciones de contratos y<span class=\"_ _0\"></span> nuevas ventas pre<span class=\"_ _0\"></span>vistas en las verticales<span class=\"_ _0\"></span> de creci-<span class=\"_ _29d\"> </span>miento id<span class=\"_ _0\"></span>entificadas por <span class=\"_ _0\"></span>estudios de<span class=\"_ _0\"></span> mercado<span class=\"_ _0\"></span> del <span class=\"_ _0\"></span>sector y con<span class=\"_ _0\"></span>tenidas <span class=\"_ _0\"></span>en el Pla<span class=\"_ _0\"></span>n Estrat\u00e9gic<span class=\"_ _0\"></span>o del Su<span class=\"_ _0\"></span>bgrupo Hispasat.  <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Vidas \u00fatiles: <span class=\"_ _0\"></span>16,5 <span class=\"_ _0\"></span>a\u00f1os <span class=\"_ _0\"></span>computables <span class=\"_ _0\"></span>desde <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>entrada en<span class=\"_ _0\"></span> ope<span class=\"_ _0\"></span>raci\u00f3n <span class=\"_ _0\"></span>comercial <span class=\"_ _0\"></span>para los<span class=\"_ _0\"></span> sat\u00e9<span class=\"_ _0\"></span>lites de<span class=\"_ _0\"></span> la<span class=\"_ _0\"></span> flota </span></span>que <span class=\"_ _c8\"></span>constituyen <span class=\"_ _c8\"></span>la <span class=\"_ _c2\"></span>UGE, <span class=\"_ _c8\"></span>a <span class=\"_ _c2\"></span>excepci\u00f3n <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>los <span class=\"_ _c2\"></span>sat\u00e9lites <span class=\"_ _c8\"></span>Amazonas-2, <span class=\"_ _c8\"></span>H74W-1 <span class=\"_ _c8\"></span>y <span class=\"_ _c2\"></span>H55W-2 <span class=\"_ _c8\"></span>para <span class=\"_ _c8\"></span>los <span class=\"_ _c8\"></span>que <span class=\"_ _c2\"></span>se estiman unas vidas<span class=\"_ _0\"></span> \u00fat<span class=\"_ _1\"></span>ile<span class=\"_ _0\"></span>s entre 13 y 15 a\u00f1os. (v\u00e9a<span class=\"_ _0\"></span>se nota 4.c).   <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">M<span class=\"_ _1\"></span>argen <span class=\"_ _c8\"></span>bruto: <span class=\"_ _c2\"></span>El <span class=\"_ _c8\"></span>m<span class=\"_ _1\"></span>arge<span class=\"_ _0\"></span>n <span class=\"_ _c2\"></span>br<span class=\"_ _1\"></span>uto <span class=\"_ _c8\"></span>promedio <span class=\"_ _c8\"></span>del <span class=\"_ _c2\"></span>periodo <span class=\"_ _c2\"></span>de <span class=\"_ _c8\"></span>proyecci\u00f3n <span class=\"_ _c2\"></span>utilizado <span class=\"_ _c8\"></span>para <span class=\"_ _c2\"></span>el <span class=\"_ _c2\"></span>an\u00e1lisis <span class=\"_ _c8\"></span>fue <span class=\"_ _c2\"></span>de <span class=\"_ _c8\"></span>un </span></span>66%.    <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Los <span class=\"_ _1\"></span>principales tipos de cam<span class=\"_ _1\"></span>bio considerados para los flujos <span class=\"_ _1\"></span>en moneda extranjera se <span class=\"_ _1\"></span>han basado en las </span></span>estimaciones <span class=\"_ _0\"></span>para<span class=\"_ _0\"></span> lo<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>a\u00f1os <span class=\"_ _0\"></span>futuros <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>las<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>monedas <span class=\"_ _0\"></span>monedas <span class=\"_ _bf\"></span>d\u00f3lar a<span class=\"_ _0\"></span>mericano <span class=\"_ _0\"></span>(USD), <span class=\"_ _0\"></span>real <span class=\"_ _0\"></span>brasile<span class=\"_ _0\"></span>\u00f1o <span class=\"_ _0\"></span>(BRL) y peso mexicano<span class=\"_ _0\"></span> (MXN. <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Tasa <span class=\"_ _c5\"> </span>de <span class=\"_ _c0\"> </span>descuento <span class=\"_ _c5\"></span>(WA<span class=\"_ _0\"></span>CC): <span class=\"_ _c5\"> </span>8,<span class=\"_ _1\"></span>58% <span class=\"_ _c5\"></span>p<span class=\"_ _0\"></span>re-tax <span class=\"_ _c5\"> </span>obtenida <span class=\"_ _c5\"></span>a <span class=\"_ _c5\"></span>partir <span class=\"_ _c5\"></span>de <span class=\"_ _c5\"></span>un <span class=\"_ _c5\"> </span>informe <span class=\"_ _c5\"> </span>elaborado <span class=\"_ _c5\"></span>por <span class=\"_ _c5\"></span>un <span class=\"_ _c2\"></span>exper<span class=\"_ _1\"></span>to </span></span>independie<span class=\"_ _0\"></span>nte. Al <span class=\"_ _bf\"></span>cierre <span class=\"_ _bf\"></span>del <span class=\"_ _bf\"></span>ejer<span class=\"_ _1\"></span>cicio <span class=\"_ _bf\"></span>2022, <span class=\"_ _bf\"></span>se <span class=\"_ _bf\"></span>ha <span class=\"_ _bf\"></span>obtenido <span class=\"_ _bf\"></span>un <span class=\"_ _bf\"></span>resultado <span class=\"_ _bf\"></span>donde <span class=\"_ _bf\"></span>el <span class=\"_ _bf\"></span>valor <span class=\"_ _bf\"></span>recuperable <span class=\"_ _bf\"></span>es <span class=\"_ _bf\"></span>similar <span class=\"_ _bf\"></span>al <span class=\"_ _0\"></span>valo<span class=\"_ _0\"></span>r <span class=\"_ _bf\"></span>contable, concluyendo que no exis<span class=\"_ _0\"></span>te deterioro sobre<span class=\"_ _0\"></span> los <span class=\"_ _1\"></span>act<span class=\"_ _0\"></span>ivos de la UGE del negoci<span class=\"_ _0\"></span>o t<span class=\"_ _1\"></span>radicional Legacy<span class=\"_ _0\"></span>.  En <span class=\"_ _0\"></span>base al <span class=\"_ _0\"></span>an\u00e1lisis <span class=\"_ _0\"></span>que se <span class=\"_ _0\"></span>realiz\u00f3 en<span class=\"_ _0\"></span> el e<span class=\"_ _0\"></span>jercicio 2<span class=\"_ _0\"></span>020, el <span class=\"_ _0\"></span>valor presen<span class=\"_ _0\"></span>te de<span class=\"_ _0\"></span> los flu<span class=\"_ _0\"></span>jos futuros <span class=\"_ _0\"></span>proyectados <span class=\"_ _0\"></span>que gener\u00f3 la <span class=\"_ _0\"></span>UGE fue inferi<span class=\"_ _0\"></span>or en 122 mil<span class=\"_ _0\"></span>lones de eu<span class=\"_ _0\"></span>ros al valor en lib<span class=\"_ _0\"></span>ros de lo<span class=\"_ _0\"></span>s activos de la <span class=\"_ _0\"></span>UGE (769 <span class=\"_ _0\"></span>millones de <span class=\"_ _bf\"></span>euros <span class=\"_ _bf\"></span>despu\u00e9s <span class=\"_ _bf\"></span>del <span class=\"_ _bf\"></span>deterioro), <span class=\"_ _bf\"></span>asign\u00e1ndose <span class=\"_ _bf\"></span>un <span class=\"_ _bf\"></span>deterioro <span class=\"_ _bf\"></span>al <span class=\"_ _bf\"></span>Inmovilizado <span class=\"_ _bf\"></span>intangib<span class=\"_ _0\"></span>le <span class=\"_ _bf\"></span>por <span class=\"_ _0\"></span>imp<span class=\"_ _0\"></span>orte <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>6 <span class=\"_ _0\"></span>mil<span class=\"_ _0\"></span>lones de euros (ver nota<span class=\"_ _0\"></span> 7) y de 116 millones al Inmovil<span class=\"_ _0\"></span>izado material.<span class=\"_ _29d\"> </span>La <span class=\"_ _1\"></span>identificaci\u00f3n <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>los <span class=\"_ _1\"></span>activos <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>la <span class=\"_ _1\"></span>unidad <span class=\"_ _c4\"></span>generadora <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>efectivo <span class=\"_ _c4\"></span>del <span class=\"_ _c4\"></span>negocio <span class=\"_ _1\"></span>tradicional <span class=\"_ _1\"></span>(Legacy), <span class=\"_ _1\"></span>no <span class=\"_ _c8\"></span>ha<span class=\"_ _0\"></span> cambiado desde<span class=\"_ _0\"></span> la <span class=\"_ _1\"></span>an<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>erio<span class=\"_ _0\"></span>r est<span class=\"_ _1\"></span>imaci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _1\"></span>del impo<span class=\"_ _0\"></span>rte recuperable de dicha<span class=\"_ _0\"></span> UGE.  La medici\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>del<span class=\"_ _0\"></span> valor razonab<span class=\"_ _0\"></span>le del activo (UGE)<span class=\"_ _0\"></span> se ha clasificado<span class=\"_ _0\"></span> en su totalid<span class=\"_ _0\"></span>ad como de Ni<span class=\"_ _0\"></span>vel 3 (seg\u00fan el nivel <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>la <span class=\"_ _bf\"></span>jerarqu\u00eda <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>valor <span class=\"_ _bf\"></span>razonable <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>la <span class=\"_ _bf\"></span>NIIF <span class=\"_ _bf\"></span>13), <span class=\"_ _bf\"></span>sin <span class=\"_ _bf\"></span>considerar <span class=\"_ _bf\"></span>si <span class=\"_ _bf\"></span>los <span class=\"_ _bf\"></span>costes <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>enajenaci\u00f3n <span class=\"_ _bf\"></span>o <span class=\"_ _bf\"></span>disposici<span class=\"_ _0\"></span>\u00f3n son observables por o<span class=\"_ _0\"></span>tra v\u00eda.<span class=\"_ _29d\"> </span>A contin<span class=\"_ _0\"></span>uaci\u00f3n, se <span class=\"_ _0\"></span>presenta el <span class=\"_ _0\"></span>an\u00e1lisis<span class=\"_ _0\"></span> de se<span class=\"_ _0\"></span>nsibilidad de<span class=\"_ _0\"></span>l impacto <span class=\"_ _0\"></span>sobre el<span class=\"_ _0\"></span> valor <span class=\"_ _0\"></span>recuperable <span class=\"_ _0\"></span>(en mi<span class=\"_ _0\"></span>llones de<span class=\"_ _0\"></span> euros) ante variaciones<span class=\"_ _0\"></span> razonablemente posib<span class=\"_ _0\"></span>les de las hip\u00f3tesis<span class=\"_ _0\"></span> clave:     Ingresos <span class=\"_ _226\"></span>-4,0%<span class=\"_ _29d\"> </span>4,00%  Variaci\u00f3n Valor recuperable s/ Esc. Base -26<span class=\"_ _29d\"> </span>+26  Margen Bruto <span class=\"_ _222\"></span>-200 p.b.<span class=\"_ _29d\"> </span>+200 p.b.  Variaci\u00f3n Valor recuperable s/ Esc. Base -21<span class=\"_ _29d\"> </span>+21  Tipo cambio USD <span class=\"_ _223\"></span>-5%<span class=\"_ _29d\"> </span>5%  Variaci\u00f3n Valor recuperable s/ Esc. Base 21<span class=\"_ _29d\"> </span>-19  Tipo cambio BRL <span class=\"_ _224\"></span>-15%<span class=\"_ _29d\"> </span>15%  Variaci\u00f3n Valor recuperable s/ Esc. Base 4<span class=\"_ _29d\"> </span>-3  Tasa de descuento <span class=\"_ _227\"></span>-10 p.b.<span class=\"_ _29d\"> </span>+10 p.b.  Variaci\u00f3n Valor recuperable s/ Esc. Base +4<span class=\"_ _29d\"> </span>-4<span class=\"_ _29d\"> </span>En <span class=\"_ _bf\"></span>el <span class=\"_ _bf\"></span>an\u00e1lisis <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>sensibilidad<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>del <span class=\"_ _bf\"></span>impacto<span class=\"_ _0\"></span> <span class=\"_ _bf\"></span>sobre <span class=\"_ _bf\"></span>el <span class=\"_ _bf\"></span>valor <span class=\"_ _bf\"></span>recuperable <span class=\"_ _bf\"></span>ante <span class=\"_ _bf\"></span>variacione<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>del <span class=\"_ _bf\"></span>ingre<span class=\"_ _0\"></span>so <span class=\"_ _0\"></span>se<span class=\"_ _0\"></span> <span class=\"_ _bf\"></span>ha <span class=\"_ _bf\"></span>tomado como <span class=\"_ _0\"></span>referencia<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>variaci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>ingresos <span class=\"_ _bf\"></span>por <span class=\"_ _0\"></span>prestaci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>servici<span class=\"_ _0\"></span>os <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>\u00b1 <span class=\"_ _0\"></span>4%. <span class=\"_ _bf\"></span>Esta <span class=\"_ _0\"></span>referencia <span class=\"_ _bf\"></span>se <span class=\"_ _0\"></span>obtuvo como <span class=\"_ _1\"></span>resultado <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>identificar los <span class=\"_ _1\"></span>ingresos <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>m\u00e1s <span class=\"_ _1\"></span>grado <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>incertidumb<span class=\"_ _0\"></span>re <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>funci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>experiencia<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>ad-<span class=\"_ _29d\"> </span>quirida y la estimaci\u00f3n<span class=\"_ _0\"></span> realizada con la informaci\u00f3<span class=\"_ _0\"></span>n m\u00e1s reciente disponible<span class=\"_ _0\"></span> en ese momento.  En <span class=\"_ _0\"></span>el an\u00e1lis<span class=\"_ _0\"></span>is de <span class=\"_ _0\"></span>sensibil<span class=\"_ _0\"></span>idad de<span class=\"_ _0\"></span> la <span class=\"_ _0\"></span>variaci\u00f3n<span class=\"_ _0\"></span> de <span class=\"_ _0\"></span>ingresos,<span class=\"_ _0\"></span> se <span class=\"_ _0\"></span>asumi\u00f3 <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>manten\u00edan <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>mismos <span class=\"_ _0\"></span>m\u00e1rgenes<span class=\"_ _0\"></span> EBITDA contemplad<span class=\"_ _0\"></span>os <span class=\"_ _1\"></span>en<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>las proyeccio<span class=\"_ _0\"></span>nes financieras aprobada<span class=\"_ _0\"></span>s.  Por otro <span class=\"_ _1\"></span>lado, se <span class=\"_ _1\"></span>realiz\u00f3 un an\u00e1lisis de sensibilida<span class=\"_ _1\"></span>d sobre el <span class=\"_ _1\"></span>margen EBITDA, incorporando un <span class=\"_ _1\"></span>aumento/dis-<span class=\"_ _29d\"> </span>minuci\u00f3n de <span class=\"_ _0\"></span>los gas<span class=\"_ _0\"></span>tos operativos<span class=\"_ _0\"></span> que supong<span class=\"_ _0\"></span>an una variaci\u00f3<span class=\"_ _0\"></span>n anual <span class=\"_ _0\"></span>de dich<span class=\"_ _0\"></span>o margen d<span class=\"_ _0\"></span>e \u00b1 200 <span class=\"_ _0\"></span>p.b. duran<span class=\"_ _0\"></span>te el <span class=\"_ _0\"></span>horizonte <span class=\"_ _0\"></span>temporal de<span class=\"_ _0\"></span> l<span class=\"_ _0\"></span>as pro<span class=\"_ _0\"></span>yecciones. <span class=\"_ _0\"></span>Este <span class=\"_ _0\"></span>rango <span class=\"_ _0\"></span>de vari<span class=\"_ _0\"></span>aci\u00f3n se<span class=\"_ _0\"></span> co<span class=\"_ _0\"></span>nsider\u00f3 <span class=\"_ _0\"></span>razonable <span class=\"_ _0\"></span>para <span class=\"_ _0\"></span>cubrir p<span class=\"_ _0\"></span>oten-<span class=\"_ _29d\"> </span>ciales desviaciones, al alza o <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>la baja, <span class=\"_ _1\"></span>de los gastos operativos del <span class=\"_ _1\"></span>escenario m\u00e1s <span class=\"_ _1\"></span>probable<span class=\"_ _0\"></span>s, t<span class=\"_ _1\"></span>enien<span class=\"_ _0\"></span>do que en <span class=\"_ _1\"></span>cuenta <span class=\"_ _c4\"></span>que <span class=\"_ _c4\"></span>se <span class=\"_ _1\"></span>realiz\u00f3 <span class=\"_ _c4\"></span>una <span class=\"_ _c4\"></span>estimaci\u00f3n <span class=\"_ _1\"></span>detallada <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>su <span class=\"_ _1\"></span>estructura <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>costes <span class=\"_ _1\"></span>necesarios <span class=\"_ _1\"></span>para <span class=\"_ _c4\"></span>la <span class=\"_ _1\"></span>ejecuci\u00f3n de los proyectos conside<span class=\"_ _0\"></span>rados en el Plan Es<span class=\"_ _0\"></span>trat\u00e9gico.  En <span class=\"_ _c4\"></span>cuanto <span class=\"_ _c8\"></span>al <span class=\"_ _c8\"></span>an\u00e1lisis <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>sensibilid<span class=\"_ _0\"></span>ad <span class=\"_ _c8\"></span>por <span class=\"_ _c8\"></span>variaci\u00f3n <span class=\"_ _c4\"></span>del <span class=\"_ _c8\"></span>tipo <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>cambio <span class=\"_ _c4\"></span>en <span class=\"_ _c4\"></span>las <span class=\"_ _c8\"></span>proyecciones <span class=\"_ _c8\"></span>que <span class=\"_ _c4\"></span>soportan <span class=\"_ _c8\"></span>el c\u00e1lculo del valor recupera<span class=\"_ _0\"></span>ble, se consideraron la<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>monedas<span class=\"_ _0\"></span> que afectan a la pr\u00e1ctica totalida<span class=\"_ _0\"></span>d del riesgo por divisa, como son el <span class=\"_ _1\"></span>d\u00f3lar americano (USD) y el r<span class=\"_ _1\"></span>eal brasile\u00f1o (BRL). Las variaciones incluidas en el an\u00e1lisis de sensibilida<span class=\"_ _0\"></span>d fueron del \u00b1 5% para el EUR<span class=\"_ _0\"></span>/USD y del \u00b1 15% para el EUR<span class=\"_ _0\"></span>/BRL.   o<span class=\"ff5\"> <span class=\"_ _c3\"> </span><span class=\"ff3\">Negocio<span class=\"_ _0\"></span> de transporte en Chil<span class=\"_ _0\"></span>e<span class=\"fc1\"> </span></span></span>Por <span class=\"_ _c4\"></span>\u00faltimo, <span class=\"_ _c4\"></span>con <span class=\"_ _1\"></span>respecto <span class=\"_ _c4\"></span>a <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span><span class=\"ff5\">UGE <span class=\"_ _1\"></span>Transporte <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>energ\u00eda <span class=\"_ _1\"></span>el\u00e9ctrica <span class=\"_ _c4\"></span>en <span class=\"_ _1\"></span>Chile<span class=\"_ _1\"></span></span>, <span class=\"_ _c4\"></span>el <span class=\"_ _1\"></span>Gr<span class=\"_ _1\"></span>upo<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span> <span class=\"_ _c4\"></span>ante <span class=\"_ _1\"></span>la <span class=\"_ _c4\"></span>existencia de <span class=\"_ _c2\"></span>indicadores<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>deterioro <span class=\"_ _c2\"></span>surgidos <span class=\"_ _c8\"></span>en <span class=\"_ _c2\"></span>el <span class=\"_ _c2\"></span>ejercicio <span class=\"_ _c8\"></span>como <span class=\"_ _c2\"></span>consecuencia <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>la <span class=\"_ _c2\"></span>coyuntura <span class=\"_ _c8\"></span>macroecon\u00f3mica<span class=\"_ _0\"></span> comentada <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>la <span class=\"_ _c4\"></span>Nota <span class=\"_ _c4\"></span>5, <span class=\"_ _1\"></span>se <span class=\"_ _c4\"></span>ha <span class=\"_ _1\"></span>realizado <span class=\"_ _c4\"></span>un <span class=\"_ _1\"></span>test <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>deterioro <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>los <span class=\"_ _c4\"></span>activos <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>dicha <span class=\"_ _1\"></span>UGE <span class=\"_ _1\"></span>para <span class=\"_ _c4\"></span>verificar <span class=\"_ _1\"></span>su recuperabilidad <span class=\"_ _c8\"></span>(<span class=\"_ _1\"></span>ver <span class=\"_ _c2\"></span>nota <span class=\"_ _c2\"></span>7). <span class=\"_ _c5\"></span>Se <span class=\"_ _c2\"></span>ha <span class=\"_ _c5\"></span>obtenido <span class=\"_ _c2\"></span>un <span class=\"_ _c2\"></span>resultado <span class=\"_ _c5\"></span>donde<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>el <span class=\"_ _c2\"></span>valor <span class=\"_ _c5\"></span>recupera<span class=\"_ _0\"></span>ble <span class=\"_ _c2\"></span>es <span class=\"_ _c5\"></span>superior <span class=\"_ _c2\"></span>al <span class=\"_ _c2\"></span>valor contable, concluyendo<span class=\"_ _0\"></span> que no existe deterioro so<span class=\"_ _0\"></span>bre los activos. <span class=\"ffa fs6\"> </span>9<span class=\"ff3\"> <span class=\"_ _d5\"> </span></span>Acti<span class=\"_ _1\"></span>vos por De<span class=\"_ _1\"></span>rechos de <span class=\"_ _1\"></span>Uso y Pasivo<span class=\"_ _1\"></span>s por Arren<span class=\"_ _1\"></span>damiento<span class=\"_ _1\"></span> A <span class=\"_ _1\"></span>31 <span class=\"_ _c4\"></span>de diciembre <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>2022 <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>contratos <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>arrendamiento f<span class=\"_ _1\"></span>inanciero<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>\u00e1s significativos <span class=\"_ _1\"></span>formalizados <span class=\"_ _1\"></span>por <span class=\"_ _1\"></span>el<span class=\"_ _0\"></span> Grupo son los siguie<span class=\"_ _0\"></span>ntes:<span class=\"_ _29d\"> </span>Las <span class=\"_ _1\"></span>inst<span class=\"_ _1\"></span>alacion<span class=\"_ _0\"></span>es t<span class=\"_ _1\"></span>\u00e9cnicas de <span class=\"_ _1\"></span>telecomunica<span class=\"_ _0\"></span>ciones <span class=\"_ _1\"></span>sobre las <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>la Sociedad <span class=\"_ _1\"></span>Reintel tiene <span class=\"_ _1\"></span>un acuerdo <span class=\"_ _1\"></span>de<span class=\"_ _0\"></span> cesi\u00f3n de <span class=\"_ _1\"></span>uso con <span class=\"_ _1\"></span>ADIF-AV para <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>gesti\u00f3n de <span class=\"_ _1\"></span>la explotaci\u00f3n de <span class=\"_ _1\"></span>la r<span class=\"_ _1\"></span>ed <span class=\"_ _1\"></span>de cables de <span class=\"_ _1\"></span>fibra <span class=\"_ _1\"></span>\u00f3ptica y <span class=\"_ _1\"></span>dem\u00e1s elementos aso<span class=\"_ _0\"></span>ciados. Es<span class=\"_ _0\"></span>te acuerdo<span class=\"_ _0\"></span> se su<span class=\"_ _0\"></span>scribi\u00f3 e<span class=\"_ _0\"></span>n 2014 p<span class=\"_ _0\"></span>or un pe<span class=\"_ _0\"></span>riodo de <span class=\"_ _0\"></span>20 a\u00f1os<span class=\"_ _0\"></span>. A 31<span class=\"_ _0\"></span> de d<span class=\"_ _0\"></span>iciembre el<span class=\"_ _0\"></span> valor <span class=\"_ _c2\"></span>neto <span class=\"_ _c8\"></span>reflejado <span class=\"_ _c2\"></span>en <span class=\"_ _c2\"></span>el <span class=\"_ _c8\"></span>estado <span class=\"_ _c2\"></span>de <span class=\"_ _c8\"></span>situaci\u00f3n <span class=\"_ _c8\"></span>f<span class=\"_ _1\"></span>inancie<span class=\"_ _0\"></span>ra <span class=\"_ _c2\"></span>consolidado <span class=\"_ _c8\"></span>asciende <span class=\"_ _c2\"></span>a <span class=\"_ _c2\"></span>282 <span class=\"_ _c8\"></span>millones <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>euros (303 millones de euro<span class=\"_ _0\"></span>s en 2021).<span class=\"_ _29d\"> </span>Un sat\u00e9lite <span class=\"_ _0\"></span>registrado co<span class=\"_ _0\"></span>mo un i<span class=\"_ _0\"></span>nmovilizado <span class=\"_ _0\"></span>material <span class=\"_ _0\"></span>dentro de <span class=\"_ _0\"></span>instala<span class=\"_ _0\"></span>ciones t\u00e9cnicas <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>telecomunicacio<span class=\"_ _0\"></span>-<span class=\"_ _29d\"> </span>nes, el cual <span class=\"_ _0\"></span>est\u00e1 arrendado <span class=\"_ _0\"></span>al operador sa<span class=\"_ _0\"></span>telital Intelsat, por impo<span class=\"_ _0\"></span>rte de 2<span class=\"_ _0\"></span>8 millone<span class=\"_ _0\"></span>s euros (31 millo<span class=\"_ _0\"></span>nes de euros en 2021) has<span class=\"_ _0\"></span>ta 2030.  En ambos <span class=\"_ _1\"></span>casos el <span class=\"_ _1\"></span>importe fue totalmente desembolsado de f<span class=\"_ _1\"></span>orma anticipada<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>por lo <span class=\"_ _1\"></span>que dicho i<span class=\"_ _1\"></span>nmovil<span class=\"_ _0\"></span>izado no recoge pagos<span class=\"_ _0\"></span> m\u00ednimos futuros por arrenda<span class=\"_ _0\"></span>miento.  Adiciona<span class=\"_ _0\"></span>lmente, existen<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>activos <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>dere<span class=\"_ _0\"></span>chos <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>uso <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>Inmovilizado <span class=\"_ _bf\"></span>Material <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>Pasivos<span class=\"_ _0\"></span> por <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>rrendamiento<span class=\"_ _0\"></span> dentro de Otros pasivo<span class=\"_ _0\"></span>s finan<span class=\"_ _0\"></span>cieros. Los principales ac<span class=\"_ _0\"></span>tivos del Grupo a lo<span class=\"_ _0\"></span>s que resulta de aplic<span class=\"_ _0\"></span>aci\u00f3n la NIIF 16 Arrendamientos, so<span class=\"_ _0\"></span>n las siguientes:  o<span class=\"ff5\"> <span class=\"_ _d0\"> </span><span class=\"ff3 fc1\">Elementos de transpo<span class=\"_ _0\"></span>rte: <span class=\"_ _1\"></span>Principa<span class=\"_ _0\"></span>lmente veh\u00edculos en mod<span class=\"_ _0\"></span>alidad de renting.  </span></span>o<span class=\"ff5\"> <span class=\"_ _d0\"> </span><span class=\"ff3 fc1\">Construcciones: Oficinas<span class=\"_ _0\"></span>, locales y terrenos necesa<span class=\"_ _0\"></span>rias para el desarrollo de la<span class=\"_ _0\"></span> actividad del Grupo. <span class=\"_ _0\"></span> </span></span>o<span class=\"ff5\"> <span class=\"_ _d0\"> </span><span class=\"ff3 fc1\"> Instalaciones <span class=\"_ _0\"></span>t\u00e9cnicas <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e teleco<span class=\"_ _0\"></span>municaciones. <span class=\"_ _0\"></span>Corresponden<span class=\"_ _0\"></span> a<span class=\"_ _0\"></span>l a<span class=\"_ _0\"></span>rrendamiento <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span> capacid<span class=\"_ _0\"></span>ad sa<span class=\"_ _0\"></span>telital.  </span></span> <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Act<span class=\"_ _1\"></span>ivos por derech<span class=\"_ _0\"></span>os de uso</span></span><span class=\"ff5 sc0\"><span class=\"ff3 fc1\">  </span></span>El <span class=\"_ _c2\"></span>detalle <span class=\"_ _c8\"></span>y <span class=\"_ _c5\"></span>movimiento <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>los <span class=\"_ _c2\"></span>activos <span class=\"_ _c2\"></span>por <span class=\"_ _c2\"></span>derechos <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>uso <span class=\"_ _c5\"></span>durante<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>los <span class=\"_ _c2\"></span>ejercicios <span class=\"_ _c2\"></span>2022 <span class=\"_ _c2\"></span>y <span class=\"_ _c2\"></span>2021 <span class=\"_ _c8\"></span>ha <span class=\"_ _c5\"></span>sido <span class=\"_ _c8\"></span>el siguiente:  Miles de eur<span class=\"_ _1\"></span>os<span class=\"_ _29d\"> </span>2022 <span class=\"_ _104\"> </span>2021 Total inicio del ejercicio <span class=\"_ _21\"> </span>27<span class=\"_ _1\"></span>.379 15.053 Entrada en el per\u00edmetro de consolidaci\u00f3n <span class=\"_ _105\"> </span>1.716 - Altas del ejercicio <span class=\"_ _106\"> </span>10.193 18.920 Bajas del ejercicio <span class=\"_ _107\"> </span>(750)<span class=\"_ _29d\"> </span>(1.478)<span class=\"_ _29d\"> </span>Amortizaci\u00f3n del ejercicio <span class=\"_ _9\"> </span>(12.250)<span class=\"_ _29d\"> </span>(5.180)<span class=\"_ _29d\"> </span>Diferencia de Conversi\u00f3n <span class=\"_ _108\"> </span>174 64 Total al cierre del <span class=\"_ _1\"></span>ejercicio <span class=\"_ _109\"> </span>26.462 27.379<span class=\"_ _29d\"> </span>Dentro <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>Ent<span class=\"_ _1\"></span>rada <span class=\"_ _bf\"></span>en <span class=\"_ _bf\"></span>el <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>er\u00edmetro <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>consolid<span class=\"_ _0\"></span>aci\u00f3n <span class=\"_ _0\"></span>se<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>incluye<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>la <span class=\"_ _bf\"></span>entrada <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>los <span class=\"_ _0\"></span>activos<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>que<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>posee <span class=\"_ _bf\"></span>la <span class=\"_ _bf\"></span>sociedad Axess <span class=\"_ _c2\"></span>(ver <span class=\"_ _c2\"></span>nota <span class=\"_ _c5\"></span>6). <span class=\"_ _c2\"></span>Las <span class=\"_ _c2\"></span>altas <span class=\"_ _c2\"></span>del <span class=\"_ _c5\"></span>ejercicio <span class=\"_ _c2\"></span>2022 <span class=\"_ _c8\"></span>se <span class=\"_ _c5\"></span>corresponden<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>princip<span class=\"_ _0\"></span>almente <span class=\"_ _c2\"></span>con <span class=\"_ _c5\"></span>el <span class=\"_ _c2\"></span>arrendamiento <span class=\"_ _c2\"></span>de<span class=\"_ _0\"></span> oficinas y un emplazamie<span class=\"_ _0\"></span>nto, destinados a la gesti\u00f3n y transporte de se\u00f1ales de video, en Per\u00fa, as<span class=\"_ _0\"></span>\u00ed como el arrendamiento <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>elementos <span class=\"_ _1\"></span>de transporte. <span class=\"_ _1\"></span>En <span class=\"_ _c4\"></span>2021 <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>inclu\u00eda <span class=\"_ _1\"></span>principalm<span class=\"_ _0\"></span>ente <span class=\"_ _c4\"></span>adem\u00e1s <span class=\"_ _1\"></span>del alta <span class=\"_ _c4\"></span>del <span class=\"_ _1\"></span>arrenda-<span class=\"_ _29d\"> </span>miento de <span class=\"_ _1\"></span>elementos de transporte, el alta <span class=\"_ _1\"></span>del arrendamiento de capacidad de <span class=\"_ _1\"></span>un sat\u00e9lite HTS <span class=\"_ _1\"></span>en banda Ka Konnect por un impo<span class=\"_ _0\"></span>rte de 12.743 miles de eu<span class=\"_ _0\"></span>ros.   <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Im<span class=\"_ _1\"></span>portes recono<span class=\"_ _0\"></span>cidos en resultados  </span></span>El <span class=\"_ _0\"></span>detalle de<span class=\"_ _0\"></span> los <span class=\"_ _0\"></span>importe<span class=\"_ _0\"></span>s regis<span class=\"_ _0\"></span>trados en<span class=\"_ _0\"></span> la <span class=\"_ _0\"></span>cuenta <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>resultados<span class=\"_ _0\"></span> consolida<span class=\"_ _0\"></span>da correspo<span class=\"_ _0\"></span>ndiente a<span class=\"_ _0\"></span> los<span class=\"_ _0\"></span> e<span class=\"_ _0\"></span>jercicios 2022 y 2021, relativo a<span class=\"_ _0\"></span> la aplicaci\u00f3n de la NIIF<span class=\"_ _0\"></span> 16, es el siguiente:<span class=\"_ _0\"></span> Miles de eur<span class=\"_ _1\"></span>os<span class=\"_ _29d\"> </span>2022 <span class=\"_ _104\"> </span>2021 Intereses sobre pasivos por arrendamiento <span class=\"_ _94\"> </span>672 277 Gastos por amortizaci\u00f3n <span class=\"_ _9d\"> </span>12<span class=\"_ _1\"></span>.250 5.180 Total  <span class=\"_ _10a\"> </span>12.921 5.457 Se <span class=\"_ _c4\"></span>han <span class=\"_ _c4\"></span>reconocido <span class=\"_ _c4\"></span>como <span class=\"_ _c4\"></span>gastos <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>explotaci\u00f3n <span class=\"_ _1\"></span>16.469 <span class=\"_ _c4\"></span>miles <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>euros <span class=\"_ _c4\"></span>(4.554 <span class=\"_ _c4\"></span>miles <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>euros <span class=\"_ _c4\"></span>en <span class=\"_ _c4\"></span>2021) <span class=\"_ _c8\"></span>por arrendamientos que<span class=\"_ _0\"></span> se encuentran fuera del<span class=\"_ _0\"></span> alcance de la NIIF 16.   <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Im<span class=\"_ _1\"></span>portes recono<span class=\"_ _0\"></span>cidos en el Estado de flujos de e<span class=\"_ _0\"></span>fectivo  </span></span>A continuaci\u00f3n, se detall<span class=\"_ _0\"></span>a el importe de los pago<span class=\"_ _0\"></span>s realizados en 2022 y 2<span class=\"_ _0\"></span>021 relativos a arrendami<span class=\"_ _0\"></span>entos:<span class=\"_ _29d\"> </span>Miles de eur<span class=\"_ _1\"></span>os<span class=\"_ _29d\"> </span>2022 <span class=\"_ _10b\"> </span>2021 Pagos por arrendamiento <span class=\"_ _10c\"> </span>11.134 6.556 Pagos por intereses asociados a arrendamientos <span class=\"_ _10d\"> </span>672 277 Total <span class=\"_ _10e\"> </span>11.806 6.833<span class=\"_ _29d\"> </span>Pagos m\u00ednimos futuros por arrenda<span class=\"_ _0\"></span>miento  Los <span class=\"_ _1\"></span>pagos <span class=\"_ _1\"></span>m\u00ednim<span class=\"_ _1\"></span>os <span class=\"_ _1\"></span>futuros <span class=\"_ _1\"></span>comprometidos<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>por <span class=\"_ _c4\"></span>arrendamien<span class=\"_ _0\"></span>to <span class=\"_ _c4\"></span>se <span class=\"_ _1\"></span>encuentran <span class=\"_ _c4\"></span>detallado<span class=\"_ _0\"></span>s <span class=\"_ _c4\"></span>en <span class=\"_ _1\"></span>la <span class=\"_ _c4\"></span>nota <span class=\"_ _1\"></span>19 <span class=\"_ _c4\"></span>de la presente memo<span class=\"_ _0\"></span>ria. <span class=\"ffa fs6\"> </span>10<span class=\"ff3\"> <span class=\"_ _bf\"></span><span class=\"ff7\">Inversio<span class=\"_ _1\"></span>nes inm<span class=\"_ _1\"></span>obiliarias </span></span>El <span class=\"_ _c2\"></span>m<span class=\"_ _1\"></span>ovimiento <span class=\"_ _c2\"></span>pr<span class=\"_ _1\"></span>oducid<span class=\"_ _0\"></span>o <span class=\"_ _c5\"></span>en <span class=\"_ _c5\"></span>los <span class=\"_ _c5\"></span>ejercicios <span class=\"_ _c2\"></span>2022 <span class=\"_ _c5\"></span>y <span class=\"_ _c5\"></span>2021 <span class=\"_ _c2\"></span>en <span class=\"_ _c5\"> </span>las <span class=\"_ _c5\"></span>Inversion<span class=\"_ _0\"></span>es <span class=\"_ _c5\"></span>inmobiliarias <span class=\"_ _c2\"></span>pertenecientes <span class=\"_ _c5\"></span>al Grupo se describe a<span class=\"_ _0\"></span> continuaci\u00f3n:  31 de  31 de  31 de  Miles de eur<span class=\"_ _1\"></span>os diciembre Altas  <span class=\"_ _5e\"> </span>Bajas diciembre Altas  <span class=\"_ _5e\"> </span>Bajas diciembre de 2020 de 2021 de 2022 Coste Inmuebles de inversi\u00f3n <span class=\"_ _10f\"> </span>2.397<span class=\"_ _29d\"> </span>- - 2.397<span class=\"_ _29d\"> </span>- (159)<span class=\"_ _29d\"> </span>2.238<span class=\"_ _29d\"> </span>Total Coste <span class=\"_ _110\"> </span>2.397<span class=\"_ _29d\"> </span>- - 2.397<span class=\"_ _29d\"> </span>- (159)<span class=\"_ _29d\"> </span>2.238<span class=\"_ _29d\"> </span>Amortizaci\u00f3n Acumulada Inmuebles de inversi\u00f3n <span class=\"_ _ff\"> </span>(519)<span class=\"_ _29d\"> </span>(21)<span class=\"_ _29d\"> </span>(540)<span class=\"_ _29d\"> </span>(33)<span class=\"_ _29d\"> </span>39<span class=\"_ _29d\"> </span>(534)<span class=\"_ _29d\"> </span>Total Amortizaci\u00f3n  (519)<span class=\"_ _29d\"> </span>(21)<span class=\"_ _29d\"> </span>- (540)<span class=\"_ _29d\"> </span>(33)<span class=\"_ _29d\"> </span>39<span class=\"_ _29d\"> </span>(534)<span class=\"_ _29d\"> </span>Acumulada<span class=\"_ _29d\"> </span>Deterioros de valor <span class=\"_ _111\"> </span>(553)<span class=\"_ _29d\"> </span>- 468<span class=\"_ _29d\"> </span>(85)<span class=\"_ _29d\"> </span>- 85<span class=\"_ _29d\"> </span>- Valor Neto <span class=\"_ _112\"> </span>1.325<span class=\"_ _29d\"> </span>(21)<span class=\"_ _29d\"> </span>468<span class=\"_ _29d\"> </span>1.772<span class=\"_ _29d\"> </span>(33)<span class=\"_ _29d\"> </span>(35)<span class=\"_ _29d\"> </span>1.704<span class=\"_ _29d\"> </span>A <span class=\"_ _c8\"></span>cierre <span class=\"_ _c8\"></span>del <span class=\"_ _c8\"></span>ejercicio <span class=\"_ _c8\"></span>2022, <span class=\"_ _c4\"></span>se <span class=\"_ _c8\"></span>ha <span class=\"_ _c8\"></span>procedido <span class=\"_ _c8\"></span>a <span class=\"_ _c8\"></span>la <span class=\"_ _c8\"></span>venta <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>un <span class=\"_ _c8\"></span>local <span class=\"_ _c8\"></span>comercial <span class=\"_ _c4\"></span>en <span class=\"_ _c8\"></span>Ov<span class=\"_ _1\"></span>iedo <span class=\"_ _c8\"></span>que <span class=\"_ _c8\"></span>Red <span class=\"_ _c4\"></span>El\u00e9ctrica Corporaci\u00f3n, <span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>.A. <span class=\"_ _bf\"></span>m<span class=\"_ _1\"></span>anten<span class=\"_ _0\"></span>\u00eda <span class=\"_ _0\"></span>en <span class=\"_ _bf\"></span>propiedad <span class=\"_ _bf\"></span>por <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>mporte <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>41 <span class=\"_ _bf\"></span>m<span class=\"_ _1\"></span>iles <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>euros <span class=\"_ _bf\"></span>y <span class=\"_ _0\"></span>que <span class=\"_ _bf\"></span>ha <span class=\"_ _0\"></span>supu<span class=\"_ _0\"></span>esto <span class=\"_ _0\"></span>un<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>beneficio<span class=\"_ _0\"></span> en <span class=\"_ _0\"></span>el <span class=\"_ _bf\"></span>ep\u00edgr<span class=\"_ _1\"></span>afe <span class=\"_ _0\"></span>Deterio<span class=\"_ _0\"></span>ro <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>resultado <span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>enajenacio<span class=\"_ _0\"></span>nes <span class=\"_ _0\"></span>del <span class=\"_ _bf\"></span>inm<span class=\"_ _1\"></span>ovilizado<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>Cuen<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>a <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>p\u00e9rdidas <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>anancias consolidad<span class=\"_ _0\"></span>a adjunt<span class=\"_ _1\"></span>a por i<span class=\"_ _0\"></span>mporte de 6 miles de euro<span class=\"_ _0\"></span>s.   A cierre <span class=\"_ _0\"></span>del ejerci<span class=\"_ _0\"></span>cio 202<span class=\"_ _0\"></span>2, tras <span class=\"_ _0\"></span>realizarse el<span class=\"_ _0\"></span> an\u00e1lisis <span class=\"_ _0\"></span>de valor <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>mercado d<span class=\"_ _0\"></span>e las in<span class=\"_ _0\"></span>versiones inmob<span class=\"_ _0\"></span>iliarias, no<span class=\"_ _0\"></span> se <span class=\"_ _c8\"></span>han <span class=\"_ _c8\"></span>puesto <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>manifiesto <span class=\"_ _c4\"></span>p\u00e9rdidas <span class=\"_ _c8\"></span>por <span class=\"_ _c8\"></span>deterioro <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>valor <span class=\"_ _c8\"></span>ya <span class=\"_ _c8\"></span>que <span class=\"_ _c8\"></span>el <span class=\"_ _c8\"></span>valor <span class=\"_ _c8\"></span>recuperable<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>es <span class=\"_ _c8\"></span>mayor <span class=\"_ _c8\"></span>al <span class=\"_ _c8\"></span>valor neto <span class=\"_ _1\"></span>contable <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>inversiones. <span class=\"_ _1\"></span>En <span class=\"_ _1\"></span>2021, <span class=\"_ _1\"></span>se <span class=\"_ _c4\"></span>ha <span class=\"_ _1\"></span>registr\u00f3 <span class=\"_ _1\"></span>por <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>ep\u00edgrafe <span class=\"_ _1\"></span>Deterioro <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>resultado <span class=\"_ _1\"></span>por <span class=\"_ _1\"></span>enajena-<span class=\"_ _29d\"> </span>ciones <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>inmovil<span class=\"_ _0\"></span>izado <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>Cuen<span class=\"_ _0\"></span>ta d<span class=\"_ _0\"></span>e p\u00e9<span class=\"_ _0\"></span>rdidas <span class=\"_ _bf\"></span>y ganancia<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>consolidada <span class=\"_ _bf\"></span>adj<span class=\"_ _1\"></span>unta <span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>versi\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>deterioro<span class=\"_ _0\"></span> por importe de 468 mil<span class=\"_ _0\"></span>es de euros.  Las <span class=\"_ _c2\"></span>I<span class=\"_ _1\"></span>nversione<span class=\"_ _0\"></span>s <span class=\"_ _c5\"></span>inmobili<span class=\"_ _0\"></span>arias, <span class=\"_ _c5\"></span>en <span class=\"_ _c2\"></span>2022, <span class=\"_ _c2\"></span>tienen <span class=\"_ _c2\"></span>un <span class=\"_ _c5\"></span>valor <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>mercado <span class=\"_ _c5\"></span>de <span class=\"_ _c8\"></span>aproximadamente <span class=\"_ _c2\"></span>2,7 <span class=\"_ _c5\"></span>mil<span class=\"_ _0\"></span>lones <span class=\"_ _c2\"></span>de euros (2,6 millone<span class=\"_ _0\"></span>s de euros en 2021), no<span class=\"_ _0\"></span> generando ingresos o gastos<span class=\"_ _0\"></span> de explotaci\u00f3n significa<span class=\"_ _0\"></span>tivos.  11<span class=\"ff3\"> <span class=\"_ _c8\"></span></span>In<span class=\"_ _1\"></span>versiones <span class=\"_ _1\"></span>contabili<span class=\"_ _1\"></span>zadas apli<span class=\"_ _1\"></span>cando el m\u00e9to<span class=\"_ _1\"></span>do de la participaci\u00f3n<span class=\"_ _1\"></span> En este ep\u00edgrafe <span class=\"_ _0\"></span>se encue<span class=\"_ _0\"></span>ntran las inversiones <span class=\"_ _0\"></span>que debido<span class=\"_ _0\"></span> a la influen<span class=\"_ _0\"></span>cia significativa que tiene <span class=\"_ _0\"></span>el Grupo, se<span class=\"_ _0\"></span> integran de<span class=\"_ _0\"></span>ntro <span class=\"_ _0\"></span>de los <span class=\"_ _0\"></span>Estados <span class=\"_ _0\"></span>Financieros <span class=\"_ _0\"></span>Consol<span class=\"_ _0\"></span>idados a <span class=\"_ _0\"></span>trav\u00e9s de<span class=\"_ _0\"></span>l m\u00e9<span class=\"_ _0\"></span>todo <span class=\"_ _0\"></span>de la <span class=\"_ _0\"></span>participaci\u00f3n <span class=\"_ _0\"></span>(v\u00e9ase <span class=\"_ _0\"></span>nota 2.d):    <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Transmisora E<span class=\"_ _0\"></span>l\u00e9ctrica <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Norte, <span class=\"_ _0\"></span>S.A. <span class=\"_ _0\"></span>(TEN), <span class=\"_ _0\"></span>partici<span class=\"_ _0\"></span>pada <span class=\"_ _0\"></span>en u<span class=\"_ _0\"></span>n 50<span class=\"_ _0\"></span>% p<span class=\"_ _0\"></span>or <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>trav\u00e9s <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>Red <span class=\"_ _0\"></span>El\u00e9ctrica<span class=\"_ _0\"></span> </span></span>Chile SpA. TEN es una sociedad constituida<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>el 1 de marzo de <span class=\"_ _1\"></span>2007<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>y ha llevado a cabo en Chile el desa-<span class=\"_ _29d\"> </span>rrollo <span class=\"_ _c4\"></span>del <span class=\"_ _c4\"></span>proyecto <span class=\"_ _c4\"></span>consistente <span class=\"_ _c8\"></span>en <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>construcci\u00f3n <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>una <span class=\"_ _c8\"></span>l\u00ednea <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>transmisi\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _c8\"></span>de <span class=\"_ _c4\"></span>aproximadamen<span class=\"_ _0\"></span>te <span class=\"_ _c8\"></span>580 kil\u00f3metros <span class=\"_ _c5\"></span>y <span class=\"_ _c2\"></span>sus <span class=\"_ _c5\"></span>subestacione<span class=\"_ _0\"></span>s <span class=\"_ _c0\"> </span>correspond<span class=\"_ _0\"></span>ientes. <span class=\"_ _c5\"></span>Este <span class=\"_ _c2\"></span>proyecto <span class=\"_ _c5\"></span>conect<span class=\"_ _0\"></span>a <span class=\"_ _c0\"> </span>desde <span class=\"_ _c2\"></span>noviembre <span class=\"_ _c5\"></span>de <span class=\"_ _c2\"></span>2018 <span class=\"_ _c5\"> </span>el Sistema <span class=\"_ _bf\"></span>I<span class=\"_ _1\"></span>nterconectado<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>del <span class=\"_ _bf\"></span>Norte <span class=\"_ _0\"></span>Grande <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>el <span class=\"_ _bf\"></span>Sistema <span class=\"_ _0\"></span>Interconecta<span class=\"_ _0\"></span>do <span class=\"_ _bf\"></span>Central de<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>Chile.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>En <span class=\"_ _0\"></span>la <span class=\"_ _bf\"></span>actualidad TEN opera y mantiene<span class=\"_ _0\"></span> las instalaciones construid<span class=\"_ _0\"></span>as.   <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Argo <span class=\"_ _1\"></span>Energia Empreendimentos e Participa\u00e7\u00f5es S.A. (Argo), sociedad particip<span class=\"_ _0\"></span>ada por <span class=\"_ _1\"></span>Redeia en un 50% </span></span>a <span class=\"_ _1\"></span>trav\u00e9s <span class=\"_ _1\"></span>de la <span class=\"_ _1\"></span>sociedad <span class=\"_ _1\"></span>Red El\u00e9ctrica <span class=\"_ _1\"></span>Brasil <span class=\"_ _1\"></span>Holding, Ltda. <span class=\"_ _c4\"></span>Argo es <span class=\"_ _1\"></span>una <span class=\"_ _1\"></span>empresa constituida <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>Brasil<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>en<span class=\"_ _1\"></span> 2016 <span class=\"_ _c8\"></span>y <span class=\"_ _c2\"></span>propietaria <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>nueve <span class=\"_ _c8\"></span>concesiones <span class=\"_ _c8\"></span>el\u00e9ctricas <span class=\"_ _c8\"></span>en <span class=\"_ _c2\"></span>el <span class=\"_ _c2\"></span>pa\u00eds <span class=\"_ _c2\"></span>que <span class=\"_ _c8\"></span>suman <span class=\"_ _c8\"></span>4.235 <span class=\"_ _c2\"></span>km <span class=\"_ _c2\"></span>de <span class=\"_ _c8\"></span>cir<span class=\"_ _1\"></span>cuito <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>alta tensi\u00f3n 500 kV y 230 kV<span class=\"_ _0\"></span> y 33 subestaciones<span class=\"_ _0\"></span>.    <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Hisdesat <span class=\"_ _c4\"></span>Servicios <span class=\"_ _1\"></span>Estrat\u00e9gicos, <span class=\"_ _1\"></span>S.A. <span class=\"_ _1\"></span>(Hisdesat) <span class=\"_ _1\"></span>participada <span class=\"_ _c4\"></span>por <span class=\"_ _c4\"></span>Redeia<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>en <span class=\"_ _1\"></span>un <span class=\"_ _c4\"></span>38,56% <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>v\u00e9s <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>la <span class=\"_ _c4\"></span>so-<span class=\"_ _29d\"> </span></span></span>ciedad <span class=\"_ _0\"></span>Hispasat S.A<span class=\"_ _0\"></span>. Hisdesa<span class=\"_ _0\"></span>t es <span class=\"_ _0\"></span>una socieda<span class=\"_ _0\"></span>d dedic<span class=\"_ _0\"></span>ada a <span class=\"_ _0\"></span>la come<span class=\"_ _0\"></span>rcializaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>sistemas espaci<span class=\"_ _0\"></span>ales <span class=\"_ _0\"></span>de aplicaci\u00f3n guber<span class=\"_ _1\"></span>namenta<span class=\"_ _0\"></span>l. <span class=\"_ _c4\"></span>Esta <span class=\"_ _1\"></span>sociedad <span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>orma parte <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>Hispasat, <span class=\"_ _c4\"></span>el <span class=\"_ _1\"></span>cual <span class=\"_ _1\"></span>forma <span class=\"_ _c4\"></span>parte <span class=\"_ _1\"></span>del <span class=\"_ _c4\"></span>Redeia <span class=\"_ _1\"></span>desde el 3 de octubre de<span class=\"_ _0\"></span> 2019.   <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Gr<span class=\"_ _1\"></span>upo <span class=\"_ _0\"></span>Sylvestris, S<span class=\"_ _0\"></span>.L pa<span class=\"_ _0\"></span>rticipada p<span class=\"_ _0\"></span>or el <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>un 9,73<span class=\"_ _0\"></span>% a<span class=\"_ _0\"></span> trav\u00e9s d<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>la s<span class=\"_ _0\"></span>ociedad His<span class=\"_ _0\"></span>pasat, S.A., <span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>una </span></span>sociedad <span class=\"_ _bf\"></span>que <span class=\"_ _0\"></span>se <span class=\"_ _bf\"></span>dedica <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>la <span class=\"_ _bf\"></span>reforestaci\u00f3n. <span class=\"_ _bf\"></span>Esta <span class=\"_ _0\"></span>sociedad<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>ha <span class=\"_ _bf\"></span>sido <span class=\"_ _0\"></span>adquirida <span class=\"_ _bf\"></span>por <span class=\"_ _bf\"></span>Hispasat <span class=\"_ _0\"></span>el <span class=\"_ _bf\"></span>21 <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>diciembre<span class=\"_ _0\"></span> de 2022 (ver nota 2.g). <span class=\"_ _0\"></span>  <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Dentro <span class=\"_ _1\"></span>de Otras particip<span class=\"_ _0\"></span>aciones Subgrupo Hisp<span class=\"_ _0\"></span>asat se incluyen:<span class=\"_ _0\"></span> </span></span>o<span class=\"ff5\"> <span class=\"_ _c3\"> </span><span class=\"ff3 fc1\">Grupo <span class=\"_ _bf\"></span>de Na<span class=\"_ _0\"></span>vegaci\u00f3n <span class=\"_ _0\"></span>Si<span class=\"_ _0\"></span>stemas <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>Se<span class=\"_ _0\"></span>rvicios, <span class=\"_ _0\"></span>S.L <span class=\"_ _bf\"></span>(GSS) p<span class=\"_ _0\"></span>articipada <span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>Redeia <span class=\"_ _bf\"></span>en <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>12,82% <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>trav\u00e9s </span></span>de <span class=\"_ _0\"></span>la socie<span class=\"_ _0\"></span>dad Hi<span class=\"_ _0\"></span>spasat <span class=\"_ _0\"></span>S.A. GS<span class=\"_ _0\"></span>S se<span class=\"_ _0\"></span> dedica<span class=\"_ _0\"></span> a<span class=\"_ _0\"></span> la <span class=\"_ _0\"></span>explotaci\u00f3<span class=\"_ _0\"></span>n de<span class=\"_ _0\"></span> sistemas<span class=\"_ _0\"></span> de<span class=\"_ _0\"></span> sat\u00e9li<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>es. <span class=\"_ _0\"></span>Esta <span class=\"_ _0\"></span>sociedad forma parte de Hispasa<span class=\"_ _0\"></span>t, el cual forma parte del Grupo<span class=\"_ _0\"></span> desde el 3 de octubre de<span class=\"_ _0\"></span> 2019.  o<span class=\"ff5\"> <span class=\"_ _c3\"> </span><span class=\"ff3 fc1\">Axess <span class=\"_ _1\"></span>Saudi <span class=\"_ _1\"></span>Ar<span class=\"_ _1\"></span>abian <span class=\"_ _1\"></span>Telecommunica<span class=\"_ _0\"></span>tions <span class=\"_ _c4\"></span>Compa<span class=\"_ _0\"></span>ny, <span class=\"_ _c4\"></span>participada <span class=\"_ _1\"></span>por <span class=\"_ _c4\"></span>Grupo <span class=\"_ _1\"></span>en <span class=\"_ _c4\"></span>un <span class=\"_ _c4\"></span>43,94% <span class=\"_ _1\"></span>a <span class=\"_ _c4\"></span>trav\u00e9s </span></span>de la S<span class=\"_ _0\"></span>ociedad Hispasa<span class=\"_ _0\"></span>t, S.A., es <span class=\"_ _0\"></span>una socie<span class=\"_ _0\"></span>dad sita en<span class=\"_ _0\"></span> Arabia Saud<span class=\"_ _0\"></span>\u00ed cuya <span class=\"_ _0\"></span>actividad se<span class=\"_ _0\"></span> relaciona co<span class=\"_ _0\"></span>n la <span class=\"_ _c4\"></span>prestaci\u00f3n <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>servicio<span class=\"_ _0\"></span>s <span class=\"_ _c8\"></span>de <span class=\"_ _c4\"></span>telecomunicaciones<span class=\"_ _0\"></span>. <span class=\"_ _c8\"></span>Al <span class=\"_ _c4\"></span>cierre <span class=\"_ _c8\"></span>del <span class=\"_ _c4\"></span>ejercicio <span class=\"_ _c4\"></span>2022 <span class=\"_ _c4\"></span>esta <span class=\"_ _c8\"></span>sociedad <span class=\"_ _c4\"></span>se <span class=\"_ _c4\"></span>en-<span class=\"_ _29d\"> </span>cuentra totalmen<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>e deteri<span class=\"_ _0\"></span>orada.   <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Participaciones <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>influencia <span class=\"_ _1\"></span>significativa <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>RET<span class=\"_ _0\"></span>IT: <span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ecogen las <span class=\"_ _1\"></span>inversiones <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>Elewit <span class=\"_ _1\"></span>ha <span class=\"_ _1\"></span>realizado<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>en </span></span>diferentes <span class=\"_ _1\"></span>sociedades startups <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>car\u00e1cter innovador.  Durante <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>ejercicio <span class=\"_ _1\"></span>2022 <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>han <span class=\"_ _1\"></span>producidos <span class=\"_ _1\"></span>altas<span class=\"_ _0\"></span> en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>per\u00edmetro <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>consoli<span class=\"_ _0\"></span>daci\u00f3n <span class=\"_ _0\"></span>por l<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>inversi\u00f3n <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>OKTO <span class=\"_ _0\"></span>Grid <span class=\"_ _0\"></span>Aps <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>1.00<span class=\"_ _0\"></span>2 miles <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>eu<span class=\"_ _0\"></span>ros <span class=\"_ _0\"></span>y d<span class=\"_ _0\"></span>e Z<span class=\"_ _0\"></span>eleros Global, <span class=\"_ _c4\"></span>S.L. <span class=\"_ _c4\"></span>por <span class=\"_ _1\"></span>147 <span class=\"_ _c4\"></span>miles <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>euros. <span class=\"_ _1\"></span>Asimismo, <span class=\"_ _1\"></span>se <span class=\"_ _c8\"></span>ha <span class=\"_ _c4\"></span>producido<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>la <span class=\"_ _c4\"></span>baja<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>del <span class=\"_ _c4\"></span>per\u00edmetro <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>la <span class=\"_ _1\"></span>inversi\u00f3n <span class=\"_ _c4\"></span>en Zeleros <span class=\"_ _c4\"></span>Global, <span class=\"_ _1\"></span>S.L. <span class=\"_ _c8\"></span>generando <span class=\"_ _1\"></span>en <span class=\"_ _c8\"></span>2022 <span class=\"_ _c4\"></span>un <span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>esultado <span class=\"_ _1\"></span>de <span class=\"_ _c8\"></span>497 <span class=\"_ _1\"></span>miles <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>euros <span class=\"_ _c4\"></span>en <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>cuenta <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>resultados consolidad<span class=\"_ _0\"></span>a (ver not<span class=\"_ _1\"></span>a 2.<span class=\"_ _0\"></span>g). Los movimientos<span class=\"_ _0\"></span> registrados en 2022 y 2021 sob<span class=\"_ _0\"></span>re estas participacio<span class=\"_ _0\"></span>nes son los siguientes:<span class=\"_ _29d\"> </span>  Ajustes Variaciones Modificaci\u00f3n Resultado de Ampliaci\u00f3n por  Sociedad <span class=\"_ _2f\"> </span>31<span class=\"_ _0\"></span>.12.2021<span class=\"_ _29d\"> </span>tipo de  per\u00edmetro de Dividendos<span class=\"_ _29d\"> </span>la  31.12.2022<span class=\"_ _29d\"> </span>capital cambio de cambio consolidaci\u00f3n participaci\u00f3n Valor Transmisora El\u00e9ctrica 209.931<span class=\"_ _29d\"> </span>12.887<span class=\"_ _29d\"> </span>- -<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>956<span class=\"_ _29d\"> </span>9.369<span class=\"_ _29d\"> </span>233.142 del Norte S.A. <span class=\"_ _1\"></span>(TEN) Argo Energia Em-<span class=\"_ _29d\"> </span>preendimentos e  300.937<span class=\"_ _29d\"> </span>26.538<span class=\"_ _29d\"> </span>200.730<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>(306)<span class=\"_ _29d\"> </span>46.695<span class=\"_ _29d\"> </span>- 574.594 Participa\u00e7\u00f5es S.A. Hisdesat Servicios  72.877 -<span class=\"_ _29d\"> </span>- -<span class=\"_ _29d\"> </span>- 2.257<span class=\"_ _29d\"> </span>- 75.134 Estrat\u00e9gicos, S.A. Grupo Sylvestris, S.L. <span class=\"_ _65\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>4.478<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>4.478 Otras participaciones 119<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>119 Subgrupo Hispasat Participaciones  Influencia significativa 4.119 -<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>(466)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>497 -<span class=\"_ _29d\"> </span>4.150 RETIT  <span class=\"fs6\">Total </span><span class=\"_ _228\"></span>587.983 39.425 200.730 (4.012)<span class=\"_ _29d\"> </span>(306)<span class=\"_ _29d\"> </span>50.405 9.369 891.617<span class=\"_ _29d\"> </span>Variaciones Modificaci\u00f3n Ajustes por Resultado de la Sociedad <span class=\"_ _113\"> </span>31.12.2020 tipo de per\u00edmetro de Dividendos cambio de 31.12.2021 participaci\u00f3n cambio consolidaci\u00f3n Valor y otros Transmisora El\u00e9ctrica 174.034<span class=\"_ _29d\"> </span>16.210<span class=\"_ _29d\"> </span>- - (4.251)<span class=\"_ _29d\"> </span>23.938<span class=\"_ _29d\"> </span>209.931<span class=\"_ _29d\"> </span>del Norte S.A. <span class=\"_ _1\"></span>(TEN) Argo Energia  Empreendimentos e  282.041<span class=\"_ _29d\"> </span>2.760<span class=\"_ _29d\"> </span>- (780)<span class=\"_ _29d\"> </span>24.069<span class=\"_ _29d\"> </span>(7.153) 300.937<span class=\"_ _29d\"> </span>Participa\u00e7\u00f5es S.A.  Hisdesat Servicios Es-<span class=\"_ _29d\"> </span>63.118<span class=\"_ _29d\"> </span>- - - 9.759<span class=\"_ _29d\"> </span>- 72.877<span class=\"_ _29d\"> </span>trat\u00e9gicos, S.A. Grupo de Navegaci\u00f3n Sistemas y Servicios 119<span class=\"_ _29d\"> </span>- - - - - 119<span class=\"_ _29d\"> </span>S.L. Participaciones  Influencia significativa - - 4.150<span class=\"_ _29d\"> </span>- (31)<span class=\"_ _29d\"> </span>- 4.119<span class=\"_ _29d\"> </span>RETIT  Total <span class=\"_ _114\"> </span>519.312<span class=\"_ _29d\"> </span>18.970<span class=\"_ _29d\"> </span>4.150<span class=\"_ _29d\"> </span>(780)<span class=\"_ _29d\"> </span>29.546<span class=\"_ _29d\"> </span>16.785<span class=\"_ _29d\"> </span>587.983<span class=\"_ _29d\"> </span>Con <span class=\"_ _0\"></span>fecha 30 <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>noviemb<span class=\"_ _0\"></span>re de<span class=\"_ _0\"></span> 2022, <span class=\"_ _0\"></span>Argo <span class=\"_ _0\"></span>ha l<span class=\"_ _0\"></span>levado a <span class=\"_ _0\"></span>cabo <span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>ampliaci\u00f3n <span class=\"_ _0\"></span>de ca<span class=\"_ _0\"></span>pital p<span class=\"_ _0\"></span>or 1<span class=\"_ _0\"></span>.045 mil<span class=\"_ _0\"></span>lones de<span class=\"_ _0\"></span> reales <span class=\"_ _1\"></span>brasile\u00f1os <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>objeto <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>hacer <span class=\"_ _1\"></span>efectiva <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>adquisici\u00f3n <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>62,5% <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>capital <span class=\"_ _1\"></span>social <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>cinco <span class=\"_ _1\"></span>conce-<span class=\"_ _29d\"> </span>siones <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>transmisi\u00f3n <span class=\"_ _bf\"></span>el\u00e9ctrica <span class=\"_ _bf\"></span>en <span class=\"_ _bf\"></span>Brasil <span class=\"_ _bf\"></span>(ver <span class=\"_ _bf\"></span>nota <span class=\"_ _bf\"></span>2.g). <span class=\"_ _bf\"></span>Esta <span class=\"_ _bf\"></span>operaci\u00f3n <span class=\"_ _bf\"></span>ha <span class=\"_ _bf\"></span>supuesto <span class=\"_ _bf\"></span>una <span class=\"_ _bf\"></span>inversi\u00f3n <span class=\"_ _bf\"></span>para <span class=\"_ _bf\"></span>Redeia de 200,7 millones de<span class=\"_ _0\"></span> euros.  Las <span class=\"_ _1\"></span>magnitudes <span class=\"_ _1\"></span>m\u00e1s <span class=\"_ _1\"></span>significativas <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>principale<span class=\"_ _0\"></span>s <span class=\"_ _c4\"></span>sociedades a <span class=\"_ _c4\"></span>31 <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>diciembre <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>2022 <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>2021 <span class=\"_ _1\"></span>son <span class=\"_ _c4\"></span>las siguientes:  Argo Energia  Grupo Transmisora El\u00e9ctrica del Hisdesat Servicios  Empreendimentos e  Sylvestris, Norte S.A. (TEN) Estrat\u00e9gicos, S.A. Participa\u00e7\u00f5es S.<span class=\"_ _1\"></span>A. (*)<span class=\"_ _0\"></span> S.L. (*)<span class=\"_ _29d\"> </span>Miles de euros<span class=\"_ _29d\"> </span>Ejercicio <span class=\"_ _8b\"> </span>2022 <span class=\"_ _90\"> </span>202<span class=\"_ _1\"></span>1 <span class=\"_ _115\"> </span>2022 <span class=\"_ _a7\"> </span>2021 <span class=\"_ _39\"> </span>2022 <span class=\"_ _116\"> </span>2021 <span class=\"_ _5\"> </span>2022 Activos no corrientes <span class=\"_ _17\"> </span>651.842 627.480 2.117.477 869.808 565.466 504.429 47.968 Activos corrientes  <span class=\"_ _117\"> </span>75.592 45.685 270.819 236.560 341.660 270.200 5.367 Efectivo y equivalentes <span class=\"_ _9a\"> </span>41.<span class=\"_ _1\"></span>206 45.318 4.635 3.236 301.148 237.318 3.084 Total Activo <span class=\"_ _118\"> </span>727.434 673.165 2.388.296 1.106.368 907.126 774.629 53.335 Pasivos no corrientes  <span class=\"_ _e\"> </span>559.042 563.316 978.748 701.745 603.540 466.462 27 Pasivos corrientes <span class=\"_ _117\"> </span>38.198 42.160 260.360 68.582 50.268 56.442 7.295 Total Pasivo <span class=\"_ _b3\"> </span>597.240 605.476 1.239.108 770.327 653.808 522.904 7.322 Activos netos <span class=\"_ _26\"> </span>130.194 67.690 1.149.188 336.041 253.318 251.725 46.013 Ingresos actividades  55.971 32.767 217.563 158.145 49.205 53.939 4 ordinarias Resultado bruto de  46.851 24.474 197.898 143.918 30.330 60.186 4 explotaci\u00f3n  Resultado neto de  30.785 10.136 183.993 142.819 8.937 33.899 4 explotaci\u00f3n  Resultado despu\u00e9s de 1.912 (8.503)<span class=\"_ _29d\"> </span>93.390 61.180 5.854 26.995 4 Impuestos Resultado Global <span class=\"_ _6\"> </span>20.4<span class=\"_ _1\"></span>07 40.996 93.390 61.180 5.854 23.972 4 Dividendos recibidos por - - 309 780 - - - el Grupo (*) Sociedad incorpora<span class=\"_ _0\"></span>da a Redeia el 21 de dic<span class=\"_ _0\"></span>iembre de 2022. Al <span class=\"_ _c4\"></span>31 <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>diciembre <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>2022 <span class=\"_ _c4\"></span>y <span class=\"_ _c8\"></span>2021 <span class=\"_ _c4\"></span>el <span class=\"_ _c8\"></span>Grupo <span class=\"_ _c4\"></span>tiene <span class=\"_ _c8\"></span>concedido <span class=\"_ _c4\"></span>un <span class=\"_ _c8\"></span>cr\u00e9dito <span class=\"_ _1\"></span>a <span class=\"_ _c8\"></span>TEN <span class=\"_ _c4\"></span>cuyo <span class=\"_ _c8\"></span>saldo <span class=\"_ _c8\"></span>es <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>13.913 <span class=\"_ _c4\"></span>y 12.338 miles de eu<span class=\"_ _0\"></span>ros, respectivamente (v\u00e9ase<span class=\"_ _0\"></span> nota 19).<span class=\"_ _29d\"> </span>Por \u00faltimo,<span class=\"_ _0\"></span> con re<span class=\"_ _0\"></span>specto <span class=\"_ _0\"></span>a la <span class=\"_ _0\"></span>inversi\u00f3n <span class=\"_ _0\"></span>en TEN, <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>se encuent<span class=\"_ _0\"></span>ra incluid<span class=\"_ _0\"></span>a en <span class=\"_ _0\"></span>la <span class=\"ff5\">UGE<span class=\"_ _0\"></span> Transporte <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>energ\u00eda </span>el\u00e9ctrica <span class=\"_ _c8\"></span>en <span class=\"_ _c2\"></span>Chile<span class=\"ff3\">, <span class=\"_ _c8\"></span>el <span class=\"_ _c2\"></span>Grupo, <span class=\"_ _c2\"></span>ante <span class=\"_ _c8\"></span>la <span class=\"_ _c2\"></span>existencia <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>indicadores <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>det<span class=\"_ _1\"></span>erioro <span class=\"_ _c8\"></span>surgidos <span class=\"_ _c8\"></span>en <span class=\"_ _c2\"></span>el <span class=\"_ _c2\"></span>ejercicio <span class=\"_ _c8\"></span>como </span>consecuencia <span class=\"_ _0\"></span>de l<span class=\"_ _0\"></span>a coyu<span class=\"_ _0\"></span>ntura macroecon\u00f3<span class=\"_ _0\"></span>mica c<span class=\"_ _0\"></span>omentada e<span class=\"_ _0\"></span>n la <span class=\"_ _0\"></span>Nota <span class=\"_ _0\"></span>5, s<span class=\"_ _0\"></span>e ha <span class=\"_ _0\"></span>realizado <span class=\"_ _0\"></span>un tes<span class=\"_ _0\"></span>t de <span class=\"_ _0\"></span>deterioro de <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>activos <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>dicha <span class=\"_ _0\"></span>UGE <span class=\"_ _0\"></span>para <span class=\"_ _0\"></span>verifica<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>recuperabilid<span class=\"_ _0\"></span>ad <span class=\"_ _0\"></span>(ver no<span class=\"_ _0\"></span>ta <span class=\"_ _0\"></span>7). <span class=\"_ _0\"></span>Se <span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span> o<span class=\"_ _0\"></span>btenido <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>resultado <span class=\"_ _0\"></span>dond<span class=\"_ _0\"></span>e el valor recuperable e<span class=\"_ _0\"></span>s superior al valor contable<span class=\"_ _0\"></span>, concluyendo que no exi<span class=\"_ _0\"></span>ste deterioro sobre los a<span class=\"_ _0\"></span>ctivos.<span class=\"ffa fs6\"> </span>12<span class=\"ff3\"> <span class=\"_ _1\"></span></span>Existen<span class=\"_ _1\"></span>cias  El <span class=\"_ _c4\"></span>detalle <span class=\"_ _c4\"></span>a <span class=\"_ _c4\"></span>31 <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>diciembre <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>2022 <span class=\"_ _1\"></span>y <span class=\"_ _c8\"></span>2021 <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>ep\u00edgr<span class=\"_ _1\"></span>afe <span class=\"_ _1\"></span>de <span class=\"_ _c8\"></span>Existencias<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>del <span class=\"_ _c8\"></span>Estado <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>situaci\u00f3n <span class=\"_ _1\"></span>financiera consolidad<span class=\"_ _0\"></span>o adjunt<span class=\"_ _1\"></span>o, es e<span class=\"_ _0\"></span>l siguiente:  Miles de euros <span class=\"_ _229\"></span>2022 <span class=\"_ _22b\"></span>2021 Existencias<span class=\"_ _1\"></span> <span class=\"_ _92\"> </span>74.757<span class=\"_ _29d\"> </span>63.175<span class=\"_ _29d\"> </span>Correcciones de v<span class=\"_ _1\"></span>alor <span class=\"_ _79\"> </span>(33.436)<span class=\"_ _29d\"> </span>(36.640)<span class=\"_ _29d\"> </span>Total <span class=\"_ _119\"> </span>41.321<span class=\"_ _29d\"> </span>26.535<span class=\"_ _29d\"> </span>Las <span class=\"_ _0\"></span>Existencias<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>recogen <span class=\"_ _bf\"></span>fundamentalmente <span class=\"_ _0\"></span>los<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>materiales <span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>repuestos <span class=\"_ _bf\"></span>asociados <span class=\"_ _0\"></span>a <span class=\"_ _bf\"></span>las <span class=\"_ _0\"></span>instalacione<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>t\u00e9cnicas<span class=\"_ _0\"></span> de energ\u00eda el\u00e9ctrica.<span class=\"_ _0\"></span>  Las sociedades del <span class=\"_ _1\"></span>Grupo realizan un an\u00e1lisis <span class=\"_ _1\"></span>peri\u00f3dico para calcular las <span class=\"_ _1\"></span>correcciones <span class=\"_ _1\"></span>de valor asociadas a las existencias ba<span class=\"_ _0\"></span>sado en las siguientes hip\u00f3<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>esis<span class=\"_ _0\"></span>:   <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Deterior<span class=\"_ _1\"></span>o por en<span class=\"_ _0\"></span>vejecimiento, donde se utilizan p<span class=\"_ _0\"></span>orcentajes atendiendo a<span class=\"_ _0\"></span> la rotaci\u00f3n del stock. <span class=\"_ _0\"></span> </span></span> <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Deterior<span class=\"_ _1\"></span>o por exce<span class=\"_ _0\"></span>so de stock, realizado sobre<span class=\"_ _0\"></span> el consumo esti<span class=\"_ _0\"></span>mado en los pr\u00f3ximos a\u00f1os. <span class=\"_ _0\"></span> </span></span>En <span class=\"_ _c4\"></span>2022 <span class=\"_ _c8\"></span>como <span class=\"_ _c4\"></span>resultado <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>este <span class=\"_ _c8\"></span>an\u00e1lisis, <span class=\"_ _c4\"></span>el <span class=\"_ _c4\"></span>Grupo <span class=\"_ _c4\"></span>ha <span class=\"_ _c8\"></span>registrado <span class=\"_ _c4\"></span>una <span class=\"_ _c8\"></span>reversi\u00f3n <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>deterioro <span class=\"_ _c8\"></span>de <span class=\"_ _c4\"></span>valor <span class=\"_ _c4\"></span>en <span class=\"_ _c8\"></span>la Cuenta de resu<span class=\"_ _0\"></span>ltados consolida<span class=\"_ _0\"></span>da por importe de 3.204 <span class=\"_ _0\"></span>miles de euros (d<span class=\"_ _0\"></span>eterioro de valor de<span class=\"_ _0\"></span> 1.844 miles de euros en 2021).  13<span class=\"ff3\"> </span>Deudores come<span class=\"_ _1\"></span>rciales y otras <span class=\"_ _1\"></span>cuenta<span class=\"_ _1\"></span>s a cobrar<span class=\"_ _1\"></span> El detalle a 31 de dici<span class=\"_ _0\"></span>embre de 2022 y 2021 del e<span class=\"_ _0\"></span>p\u00edgrafe Deudores comercia<span class=\"_ _0\"></span>les y otras c<span class=\"_ _1\"></span>ue<span class=\"_ _0\"></span>nt<span class=\"_ _1\"></span>as a <span class=\"_ _0\"></span>cobrar del Estado de situaci\u00f3n <span class=\"_ _0\"></span>financiera consolidado<span class=\"_ _0\"></span> adjunto es el siguiente<span class=\"_ _0\"></span>:  Miles de euros <span class=\"_ _22a\"></span>2022 <span class=\"_ _22c\"></span>2021 Clientes por vent<span class=\"_ _1\"></span>as y prest<span class=\"_ _1\"></span>aciones de serv<span class=\"_ _1\"></span>icios <span class=\"_ _50\"> </span>75.081<span class=\"_ _29d\"> </span>59.709<span class=\"_ _29d\"> </span>Otros deudores<span class=\"_ _1\"></span> <span class=\"_ _11a\"> </span>1.101.079<span class=\"_ _29d\"> </span>1.193.686<span class=\"_ _29d\"> </span>Activos por im<span class=\"_ _1\"></span>puestos corr<span class=\"_ _1\"></span>ientes (nota 22)<span class=\"_ _1\"></span> <span class=\"_ _11b\"> </span>182.497<span class=\"_ _29d\"> </span>7.561<span class=\"_ _29d\"> </span>Total <span class=\"_ _11c\"> </span>1.358.657<span class=\"_ _29d\"> </span>1.260.956<span class=\"_ _29d\"> </span>Clientes por ventas y prestaciones de servicios recoge principalmen<span class=\"_ _0\"></span>te <span class=\"_ _1\"></span>los saldos pendientes<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>de cobro por el arrendamiento <span class=\"_ _c4\"></span>y <span class=\"_ _c2\"></span>pres<span class=\"_ _0\"></span>taci\u00f3n <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>servicios <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>capaci<span class=\"_ _0\"></span>dad <span class=\"_ _c8\"></span>satelital. <span class=\"_ _c8\"></span>Asimismo, <span class=\"_ _c4\"></span>se <span class=\"_ _c8\"></span>recogen <span class=\"_ _c8\"></span>activos <span class=\"_ _c4\"></span>por <span class=\"_ _c8\"></span>contrato con <span class=\"_ _1\"></span>clientes <span class=\"_ _1\"></span>por <span class=\"_ _1\"></span>importe <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>3.362 m<span class=\"_ _1\"></span>iles <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>euros <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>31 <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>diciembre <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>2022 <span class=\"_ _1\"></span>(4.904 <span class=\"_ _1\"></span>miles <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>euros a <span class=\"_ _c4\"></span>31 <span class=\"_ _1\"></span>de diciembre de 2021). <span class=\"_ _0\"></span>  Otros <span class=\"_ _1\"></span>deudores recogen <span class=\"_ _1\"></span>fundamentalmen<span class=\"_ _0\"></span>te <span class=\"_ _c4\"></span>los <span class=\"_ _1\"></span>ingresos<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>pendientes<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>facturaci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>y/o <span class=\"_ _1\"></span>cobros derivados <span class=\"_ _1\"></span>de las activida<span class=\"_ _0\"></span>des regulada<span class=\"_ _0\"></span>s de tran<span class=\"_ _0\"></span>sporte y <span class=\"_ _0\"></span>operaci\u00f3n <span class=\"_ _0\"></span>del sistema.<span class=\"_ _0\"></span> Conforme al <span class=\"_ _0\"></span>sistema d<span class=\"_ _0\"></span>e liqu<span class=\"_ _0\"></span>idaci\u00f3n estable<span class=\"_ _0\"></span>-<span class=\"_ _29d\"> </span>cido <span class=\"_ _c8\"></span>por <span class=\"_ _c2\"></span>el <span class=\"_ _c2\"></span>Regulador <span class=\"_ _c4\"></span>en <span class=\"_ _c2\"></span>Espa\u00f1a <span class=\"_ _c8\"></span>parte <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>los <span class=\"_ _c8\"></span>cobros <span class=\"_ _c8\"></span>se <span class=\"_ _c2\"></span>liquidan <span class=\"_ _c4\"></span>y <span class=\"_ _c2\"></span>cobran <span class=\"_ _c8\"></span>en <span class=\"_ _c2\"></span>el <span class=\"_ _c2\"></span>a\u00f1o <span class=\"_ _c8\"></span>siguiente. <span class=\"_ _c4\"></span>Asim<span class=\"_ _1\"></span>ismo, estos <span class=\"_ _c8\"></span>importes <span class=\"_ _c2\"></span>recogen <span class=\"_ _c8\"></span>adicionalmente <span class=\"_ _c2\"></span>los <span class=\"_ _c8\"></span>ingresos <span class=\"_ _c2\"></span>pendientes <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>cobro <span class=\"_ _c2\"></span>derivados <span class=\"_ _c2\"></span>de <span class=\"_ _c8\"></span>la <span class=\"_ _c2\"></span>aplicaci\u00f3n <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>la metodolog\u00eda recogida en <span class=\"_ _1\"></span>el m<span class=\"_ _1\"></span>odelo retributivo en vigor <span class=\"_ _1\"></span>para <span class=\"_ _1\"></span>la actividad <span class=\"_ _1\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>transporte en <span class=\"_ _1\"></span>Espa\u00f1a, que <span class=\"_ _1\"></span>esta-<span class=\"_ _29d\"> </span>blece <span class=\"_ _c8\"></span>que <span class=\"_ _c2\"></span>las <span class=\"_ _c2\"></span>puestas <span class=\"_ _c2\"></span>en <span class=\"_ _c2\"></span>servicio <span class=\"_ _c8\"></span>del <span class=\"_ _c2\"></span>a\u00f1o <span class=\"_ _c2\"></span>\u201cn\u201d <span class=\"_ _c2\"></span>comiencen <span class=\"_ _c8\"></span>a <span class=\"_ _c2\"></span>percibir <span class=\"_ _c2\"></span>ingreso<span class=\"_ _0\"></span>s <span class=\"_ _c5\"></span>a <span class=\"_ _c8\"></span>partir <span class=\"_ _c2\"></span>del <span class=\"_ _c2\"></span>a\u00f1o <span class=\"_ _c8\"></span>\u201cn+2\u201d <span class=\"_ _c2\"></span>y <span class=\"_ _c2\"></span>cuyo importe asciende a 629<span class=\"_ _0\"></span> millones de euro<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>a 31 d<span class=\"_ _0\"></span>e diciembre de 2022.  Activos por impue<span class=\"_ _0\"></span>stos co<span class=\"_ _0\"></span>rr<span class=\"_ _1\"></span>ientes re<span class=\"_ _0\"></span>coge principa<span class=\"_ _0\"></span>lmente el saldo pe<span class=\"_ _0\"></span>ndiente de co<span class=\"_ _0\"></span>bro por parte de<span class=\"_ _0\"></span> la Adminis-<span class=\"_ _29d\"> </span>traci\u00f3n <span class=\"_ _c2\"></span>Tributaria <span class=\"_ _c8\"></span>espa\u00f1ola <span class=\"_ _c2\"></span>en <span class=\"_ _c2\"></span>relaci\u00f3n <span class=\"_ _c2\"></span>con <span class=\"_ _c2\"></span>el <span class=\"_ _c2\"></span>pago <span class=\"_ _c2\"></span>a <span class=\"_ _c2\"></span>cuenta <span class=\"_ _c2\"></span>del <span class=\"_ _c2\"></span>Impuesto <span class=\"_ _c2\"></span>sobre <span class=\"_ _c8\"></span>Sociedades <span class=\"_ _c2\"></span>del <span class=\"_ _c2\"></span>ejercicio 2022.<span class=\"_ _29d\"> </span>Las <span class=\"_ _0\"></span>estimaciones <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span> valor <span class=\"_ _bf\"></span>razonable <span class=\"_ _0\"></span>se h<span class=\"_ _0\"></span>an <span class=\"_ _0\"></span>realizado <span class=\"_ _0\"></span>reflejando <span class=\"_ _0\"></span>las<span class=\"_ _0\"></span> h<span class=\"_ _0\"></span>ip\u00f3tesis <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>participantes <span class=\"_ _0\"></span>del <span class=\"_ _bf\"></span>mercado en <span class=\"_ _1\"></span>base a la <span class=\"_ _1\"></span>informaci\u00f3n disponible y <span class=\"_ _1\"></span>las condiciones del m<span class=\"_ _1\"></span>ercado<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>la fecha <span class=\"_ _1\"></span>de estimaci\u00f3n, <span class=\"_ _1\"></span>que incorporan<span class=\"_ _0\"></span> en <span class=\"_ _1\"></span>su <span class=\"_ _1\"></span>caso <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>primas de <span class=\"_ _1\"></span>riesgo <span class=\"_ _1\"></span>asociadas <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>coyuntura macroecon\u00f3mica actual. <span class=\"_ _1\"></span>No <span class=\"_ _1\"></span>existe <span class=\"_ _1\"></span>diferencia <span class=\"_ _1\"></span>sig-<span class=\"_ _29d\"> </span>nificativa <span class=\"_ _0\"></span>entre <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>lor <span class=\"_ _0\"></span>razonable <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>el <span class=\"_ _bf\"></span>val<span class=\"_ _1\"></span>or <span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ntable <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>este <span class=\"_ _0\"></span>ep\u00edgrafe <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>31 <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>diciembre <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span> 2<span class=\"_ _0\"></span>022 <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>2021.  No <span class=\"_ _c2\"></span>exist\u00edan <span class=\"_ _c5\"></span>a <span class=\"_ _c2\"></span>31 <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>diciembre <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>2022 <span class=\"_ _c8\"></span>y <span class=\"_ _c5\"> </span>2021 <span class=\"_ _c2\"></span>importes <span class=\"_ _c2\"></span>vencidos <span class=\"_ _c2\"></span>significativos <span class=\"_ _c2\"></span>superiores <span class=\"_ _c5\"></span>a <span class=\"_ _c2\"></span>doce <span class=\"_ _c2\"></span>meses (v\u00e9ase nota 19). <span class=\"_ _0\"></span>  Durante <span class=\"_ _1\"></span>el <span class=\"_ _c4\"></span>ejercicio<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>2022 <span class=\"_ _c4\"></span>se <span class=\"_ _1\"></span>ha <span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>egis<span class=\"_ _0\"></span>trado <span class=\"_ _c4\"></span>una <span class=\"_ _1\"></span>reversi\u00f3n <span class=\"_ _c4\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>gasto <span class=\"_ _c4\"></span>por <span class=\"_ _1\"></span>deterioro <span class=\"_ _1\"></span>por <span class=\"_ _1\"></span>importe <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>2.758 <span class=\"_ _1\"></span>miles de euros <span class=\"_ _0\"></span>(dotaci\u00f3n de <span class=\"_ _0\"></span>deterioro <span class=\"_ _0\"></span>de 634 <span class=\"_ _0\"></span>miles de e<span class=\"_ _0\"></span>uros en e<span class=\"_ _0\"></span>l ejercicio 202<span class=\"_ _0\"></span>1). El d<span class=\"_ _0\"></span>eterioro de <span class=\"_ _0\"></span>deudores co<span class=\"_ _0\"></span>mer-<span class=\"_ _29d\"> </span>ciales y <span class=\"_ _c4\"></span>otras cuent<span class=\"_ _1\"></span>as a <span class=\"_ _1\"></span>cobrar <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>base <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>p\u00e9rdida <span class=\"_ _1\"></span>esperada <span class=\"_ _1\"></span>acumulado<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>31 <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>diciembre <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>2022 <span class=\"_ _1\"></span>es <span class=\"_ _1\"></span>de<span class=\"_ _0\"></span> 2.924 miles de eu<span class=\"_ _0\"></span>ros (1.947 miles de euros<span class=\"_ _0\"></span> en 2021). 14<span class=\"ff3\"> <span class=\"_ _bf\"></span><span class=\"ff7\">Pa<span class=\"_ _1\"></span>trimonio ne<span class=\"_ _1\"></span>to  </span></span>a) <span class=\"_ _c7\"> </span>Gesti\u00f3n del riesgo de ca<span class=\"_ _0\"></span>pital <span class=\"ff3 fc1\"> </span>Los <span class=\"_ _1\"></span>objetivos del Grupo en <span class=\"_ _1\"></span>relaci\u00f3n con <span class=\"_ _1\"></span>la gesti\u00f3n del <span class=\"_ _1\"></span>capital de <span class=\"_ _1\"></span>sus empresas son <span class=\"_ _1\"></span>el salvaguardar la <span class=\"_ _1\"></span>capa-<span class=\"_ _29d\"> </span>cidad <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>las <span class=\"_ _c8\"></span>mismas <span class=\"_ _c4\"></span>para <span class=\"_ _c8\"></span>continuar <span class=\"_ _c8\"></span>con <span class=\"_ _c4\"></span>el <span class=\"_ _c8\"></span>\u201cprincipio <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>gesti\u00f3n <span class=\"_ _c4\"></span>continuada\u201d, <span class=\"_ _c4\"></span>para <span class=\"_ _c8\"></span>procurar <span class=\"_ _c4\"></span>un <span class=\"_ _c8\"></span>rendimiento para los accionistas <span class=\"_ _0\"></span>y para mantener una es<span class=\"_ _0\"></span>tructura \u00f3ptima de capital y <span class=\"_ _0\"></span>reducir su coste.  Para pode<span class=\"_ _0\"></span>r mantener o<span class=\"_ _0\"></span> ajustar<span class=\"_ _0\"></span> la es<span class=\"_ _0\"></span>tructura de<span class=\"_ _0\"></span> capital, el<span class=\"_ _0\"></span> Grupo p<span class=\"_ _0\"></span>odr\u00eda ajustar <span class=\"_ _0\"></span>el importe<span class=\"_ _0\"></span> de l<span class=\"_ _0\"></span>os divi<span class=\"_ _0\"></span>dendos a pagar a los accionis<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>as,<span class=\"_ _0\"></span> reembolsar capital a los a<span class=\"_ _0\"></span>ccionistas o emitir nueva<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>acciones.<span class=\"_ _0\"></span>  El <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>hace <span class=\"_ _0\"></span>seguimien<span class=\"_ _0\"></span>to del <span class=\"_ _0\"></span>capital <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>acu<span class=\"_ _0\"></span>erdo <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>ratio de<span class=\"_ _0\"></span> a<span class=\"_ _0\"></span>palancamiento, <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>l\u00ednea <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>pr\u00e1ctica<span class=\"_ _0\"></span> de<span class=\"_ _0\"></span>l sector. <span class=\"_ _1\"></span>Este ra<span class=\"_ _1\"></span>tio <span class=\"_ _1\"></span>se calcula <span class=\"_ _1\"></span>como <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>Deuda financiera <span class=\"_ _c4\"></span>neta<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>dividid<span class=\"_ _0\"></span>a <span class=\"_ _c4\"></span>entre el <span class=\"_ _1\"></span>Patrimonio <span class=\"_ _1\"></span>neto <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>Grupo m<span class=\"_ _1\"></span>\u00e1s<span class=\"_ _0\"></span> la Deuda financiera<span class=\"_ _0\"></span> neta. La Deuda financiera<span class=\"_ _0\"></span> neta se calcula de la siguie<span class=\"_ _0\"></span>nte manera:  Miles de euros <span class=\"_ _41\"> </span>202<span class=\"_ _1\"></span>2 <span class=\"_ _11d\"> </span>2021 Deudas a largo plazo <span class=\"fc0\">(*)</span> <span class=\"_ _38\"> </span>5.<span class=\"_ _1\"></span>491.124 5.896.053 Deudas a corto plazo <span class=\"fc0\">(*)</span> <span class=\"_ _9e\"> </span>681.007 1.341.053 Derivados de tipo de cambio <span class=\"_ _11e\"> </span>(28.459)<span class=\"_ _29d\"> </span>(14.800)<span class=\"_ _29d\"> </span>Inversiones en el mercado monetario a<span class=\"_ _1\"></span> corto plazo (**) <span class=\"_ _11f\"> </span>(715.000)<span class=\"_ _29d\"> </span>- Efectivo y equivalentes <span class=\"_ _55\"> </span>(794.824)<span class=\"_ _29d\"> </span>(1.574.427)<span class=\"_ _29d\"> </span>Deuda financiera neta <span class=\"_ _120\"> </span>4.633.848 5.647.879 Patrimonio Neto <span class=\"_ _121\"> </span>4.894.276 3.685.131 Ratio de apalancamiento <span class=\"_ _10c\"> </span>48,6%<span class=\"_ _29d\"> </span>60,5%<span class=\"_ _29d\"> </span>(*) Se ha excluido tan<span class=\"_ _0\"></span>to en 2022 como en<span class=\"_ _0\"></span> 2021 los intereses pendie<span class=\"_ _0\"></span>ntes de pago. (**) Se <span class=\"_ _0\"></span>trata de<span class=\"_ _0\"></span> dep\u00f3sito<span class=\"_ _0\"></span>s a plazo<span class=\"_ _0\"></span> y ac<span class=\"_ _0\"></span>tivos financiero<span class=\"_ _0\"></span>s an\u00e1logo<span class=\"_ _0\"></span>s registrados<span class=\"_ _0\"></span> en el <span class=\"_ _0\"></span>ep\u00edgrafe de<span class=\"_ _0\"></span> \u2018Otros<span class=\"_ _0\"></span> activos <span class=\"_ _0\"></span>financieros corrie<span class=\"_ _0\"></span>ntes\u2019 a<span class=\"_ _0\"></span> coste <span class=\"_ _0\"></span>amortizado<span class=\"_ _0\"></span> que no cumplen <span class=\"_ _0\"></span>con los criterios contable<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>de cla<span class=\"_ _0\"></span>sificaci\u00f3n como \u2018Efectivo y equi<span class=\"_ _0\"></span>valentes\u2019 pero cuya n<span class=\"_ _0\"></span>aturaleza es id\u00e9ntica a esta<span class=\"_ _0\"></span>. A <span class=\"_ _1\"></span>31 de <span class=\"_ _1\"></span>diciembre <span class=\"_ _1\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>2022 <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>2021, se cum<span class=\"_ _1\"></span>plen los <span class=\"_ _1\"></span>covenants financieros recogidos en <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>contrato<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>suscri-<span class=\"_ _29d\"> </span>tos.   Con <span class=\"_ _0\"></span>fecha <span class=\"_ _bf\"></span>26 de <span class=\"_ _bf\"></span>abril <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>2022,<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>la <span class=\"_ _bf\"></span>agencia <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>calificaci\u00f3n <span class=\"_ _bf\"></span>crediticia <span class=\"_ _0\"></span>Standard <span class=\"_ _bf\"></span>&amp; Po<span class=\"_ _0\"></span>or\u2019s <span class=\"_ _0\"></span>emiti\u00f3 <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>nue<span class=\"_ _0\"></span>vo <span class=\"_ _0\"></span>informe sobre <span class=\"_ _c5\"></span>la <span class=\"_ _c8\"></span>Sociedad <span class=\"_ _c2\"></span>manteniendo <span class=\"_ _c8\"></span>e<span class=\"_ _1\"></span>l <span class=\"_ _c2\"></span>nivel <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>ratin<span class=\"_ _0\"></span>g <span class=\"_ _c5\"></span>a <span class=\"_ _c2\"></span>largo <span class=\"_ _c2\"></span>plazo <span class=\"_ _c5\"></span>en<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>\u201cA-\u201c <span class=\"_ _c2\"></span>y <span class=\"_ _c5\"></span>a <span class=\"_ _c2\"></span>corto <span class=\"_ _c2\"></span>plazo <span class=\"_ _c2\"></span>en <span class=\"_ _c5\"></span>\u201cA-2\u201d, <span class=\"_ _c2\"></span>con <span class=\"_ _c2\"></span>una perspectiva estable<span class=\"_ _0\"></span>.   Con fecha <span class=\"_ _c4\"></span>14 de <span class=\"_ _c4\"></span>octubre<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>2022, <span class=\"_ _1\"></span>la agencia <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>calificaci\u00f3n crediticia <span class=\"_ _1\"></span>Fitch Ratings <span class=\"_ _1\"></span>otorgo <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>rating a <span class=\"_ _1\"></span>corto plazo <span class=\"_ _1\"></span>a <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>Sociedad <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>\u2018F1\u2019 <span class=\"_ _1\"></span>con <span class=\"_ _c4\"></span>perspectiva <span class=\"_ _1\"></span>estable. <span class=\"_ _1\"></span>Tr<span class=\"_ _1\"></span>as <span class=\"_ _1\"></span>este <span class=\"_ _c4\"></span>anuncio <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>Sociedad <span class=\"_ _c4\"></span>y <span class=\"_ _c4\"></span>su <span class=\"_ _1\"></span>filial <span class=\"_ _1\"></span>Red <span class=\"_ _c4\"></span>El\u00e9ctrica de <span class=\"_ _0\"></span>Espa\u00f1a, S.A.U.<span class=\"_ _0\"></span> mantienen <span class=\"_ _0\"></span>un niv<span class=\"_ _0\"></span>el de <span class=\"_ _0\"></span>rating <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>largo plazo <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>\u2018A-\u2019 y <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>sit\u00faan <span class=\"_ _0\"></span>a corto <span class=\"_ _0\"></span>plazo <span class=\"_ _0\"></span>en \u2018F1\u2019 <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>una perspectiva estable<span class=\"_ _0\"></span>.<span class=\"_ _29d\"> </span> b) <span class=\"_ _ca\"> </span>Patrimonio neto atribu<span class=\"_ _0\"></span>ido a la Sociedad domi<span class=\"_ _0\"></span>nante<span class=\"ff3 fc1\"> </span>  <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Fondos pr<span class=\"_ _1\"></span>opios<span class=\"_ _0\"></span>  </span></span>o<span class=\"ff5\"> <span class=\"_ _d0\"> </span><span class=\"ff3 fc1\">Capital social  </span></span>A 31 de diciemb<span class=\"_ _0\"></span>re de 2022 y<span class=\"_ _0\"></span> de 2021 el Capital <span class=\"_ _0\"></span>social de la<span class=\"_ _0\"></span> Sociedad est\u00e1 represen<span class=\"_ _0\"></span>tado por 541.08<span class=\"_ _0\"></span>0.<span class=\"_ _1\"></span>000 acciones representadas<span class=\"_ _0\"></span> mediante anotaciones en cuenta, totalmente<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>suscrita<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>y desembolsada<span class=\"_ _0\"></span>s, con los mismos derecho<span class=\"_ _0\"></span>s pol\u00edtico<span class=\"_ _0\"></span>s y econ\u00f3<span class=\"_ _0\"></span>micos (sin p<span class=\"_ _0\"></span>erjuicio de los<span class=\"_ _0\"></span> l\u00edmites e<span class=\"_ _0\"></span>stablecidos <span class=\"_ _0\"></span>en el p\u00e1rrafo<span class=\"_ _0\"></span> siguie<span class=\"_ _0\"></span>nte), y con valor nominal de cincuenta c\u00e9n<span class=\"_ _0\"></span>timos de euro cada una, admitidas a cotizaci\u00f3n en las cuatro B<span class=\"_ _0\"></span>olsas espa\u00f1olas en el Sis<span class=\"_ _0\"></span>tema de Interconexi\u00f3n Burs\u00e1<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>i<span class=\"_ _0\"></span>l Espa\u00f1ol (SIBE).<span class=\"_ _29d\"> </span>  La <span class=\"_ _1\"></span>Sociedad, est\u00e1 sujeta <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>l\u00edmites accionariales establecidos en <span class=\"_ _1\"></span>la disposici\u00f3n adicional <span class=\"_ _1\"></span>vig\u00e9sima ter-<span class=\"_ _29d\"> </span>cera de <span class=\"_ _0\"></span>la Ley 5<span class=\"_ _0\"></span>4/1997, <span class=\"_ _0\"></span>de 27 de<span class=\"_ _0\"></span> noviembre <span class=\"_ _0\"></span>y en<span class=\"_ _0\"></span> el art\u00edculo <span class=\"_ _0\"></span>30 de la<span class=\"_ _0\"></span> Ley<span class=\"_ _0\"></span> 24/2013, de<span class=\"_ _0\"></span> 26 de<span class=\"_ _0\"></span> diciembre, <span class=\"_ _0\"></span>del Sector El\u00e9ctrico. <span class=\"_ _0\"></span>  De <span class=\"_ _0\"></span>acuerdo <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>estas <span class=\"_ _0\"></span>dis<span class=\"_ _0\"></span>posiciones, <span class=\"_ _0\"></span>cualquier <span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>sona f\u00edsica<span class=\"_ _0\"></span> o <span class=\"_ _bf\"></span>j<span class=\"_ _1\"></span>ur\u00eddica <span class=\"_ _0\"></span>podr\u00e1<span class=\"_ _0\"></span> partic<span class=\"_ _0\"></span>ipar e<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>el a<span class=\"_ _0\"></span>ccionariado de la S<span class=\"_ _0\"></span>ociedad, siemp<span class=\"_ _0\"></span>re que la<span class=\"_ _0\"></span> suma de <span class=\"_ _0\"></span>su part<span class=\"_ _0\"></span>icipaci\u00f3n directa <span class=\"_ _0\"></span>o indirecta<span class=\"_ _0\"></span> en el <span class=\"_ _0\"></span>capital de <span class=\"_ _0\"></span>esta Soc<span class=\"_ _0\"></span>iedad no <span class=\"_ _c2\"></span>supere <span class=\"_ _c8\"></span>el <span class=\"_ _c5\"></span>5% <span class=\"_ _c8\"></span>del <span class=\"_ _c2\"></span>Capital <span class=\"_ _c8\"></span>social, <span class=\"_ _c2\"></span>ni <span class=\"_ _c5\"></span>e<span class=\"_ _0\"></span>jerza <span class=\"_ _c2\"></span>derechos <span class=\"_ _c2\"></span>pol\u00edticos <span class=\"_ _c8\"></span>por <span class=\"_ _c2\"></span>encima <span class=\"_ _c2\"></span>del <span class=\"_ _c2\"></span>3%. <span class=\"_ _c2\"></span>Estas <span class=\"_ _c2\"></span>acciones <span class=\"_ _c8\"></span>no podr\u00e1n sindicarse a ning\u00fa<span class=\"_ _0\"></span>n efect<span class=\"_ _1\"></span>o. En el caso de sujeto<span class=\"_ _0\"></span>s que realicen actividades en el Sector El\u00e9ctrico y<span class=\"_ _0\"></span> aquellas <span class=\"_ _c8\"></span>personas <span class=\"_ _c8\"></span>f\u00edsicas <span class=\"_ _c8\"></span>o <span class=\"_ _c8\"></span>jur\u00eddicas <span class=\"_ _c8\"></span>que, <span class=\"_ _c8\"></span>directa <span class=\"_ _c8\"></span>o <span class=\"_ _c2\"></span>indirectamen<span class=\"_ _0\"></span>te <span class=\"_ _c2\"></span>participen <span class=\"_ _c8\"></span>en <span class=\"_ _c8\"></span>el <span class=\"_ _c8\"></span>capital <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>\u00e9stos <span class=\"_ _c8\"></span>con una cuota superior al 5%, no podr\u00e1n ejercer derechos pol\u00edticos en la Sociedad matriz por encima del 1%, sin perjuicio de las limitacio<span class=\"_ _0\"></span>nes establecidas en el art\u00edculo 30 de la citada Ley 24/2013<span class=\"_ _0\"></span>, <span class=\"_ _1\"></span>para gener<span class=\"_ _0\"></span>adores y comercializ<span class=\"_ _0\"></span>adores. Los <span class=\"_ _0\"></span>l\u00edmites de particip<span class=\"_ _0\"></span>aci\u00f3n en <span class=\"_ _0\"></span>el capital d<span class=\"_ _0\"></span>e la Socied<span class=\"_ _0\"></span>ad matriz no<span class=\"_ _0\"></span> aplican a <span class=\"_ _0\"></span>la Socie<span class=\"_ _0\"></span>-<span class=\"_ _29d\"> </span>dad <span class=\"_ _1\"></span>Estatal <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>Participacio<span class=\"_ _0\"></span>nes <span class=\"_ _1\"></span>Industriales <span class=\"_ _1\"></span>(SEPI) <span class=\"_ _1\"></span>que mantendr\u00e1, <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>todo <span class=\"_ _1\"></span>caso, una <span class=\"_ _1\"></span>participaci\u00f3n no <span class=\"_ _c4\"></span>in-<span class=\"_ _29d\"> </span>ferior <span class=\"_ _c2\"></span>al <span class=\"_ _c2\"></span>10%. <span class=\"_ _c8\"></span>A <span class=\"_ _c2\"></span>31 <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>diciembre <span class=\"_ _c2\"></span>de <span class=\"_ _c8\"></span>2022 <span class=\"_ _c2\"></span>y <span class=\"_ _c2\"></span>2021, <span class=\"_ _c2\"></span>SEPI <span class=\"_ _c8\"></span>posee <span class=\"_ _c2\"></span>una <span class=\"_ _c2\"></span>participaci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _c5\"></span>del <span class=\"_ _c8\"></span>20% <span class=\"_ _c2\"></span>en <span class=\"_ _c8\"></span>el <span class=\"_ _c2\"></span>Capital social de la Sociedad<span class=\"_ _0\"></span>.  o<span class=\"ff5\"> <span class=\"_ _d0\"> </span><span class=\"ff3 fc1\">Reservas  </span></span>Este ep\u00edgrafe recoge:<span class=\"_ _0\"></span>   <span class=\"ff5 sc0\"> <span class=\"_ _d2\"> </span><span class=\"ff3 fc1\">Reserva legal  </span></span>Las <span class=\"_ _c4\"></span>sociedades <span class=\"_ _c4\"></span>espa\u00f1ola<span class=\"_ _0\"></span>s <span class=\"_ _c8\"></span>est\u00e1n <span class=\"_ _c4\"></span>obligadas <span class=\"_ _1\"></span>a <span class=\"_ _c8\"></span>destinar <span class=\"_ _c4\"></span>el <span class=\"_ _c4\"></span>10% <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>los <span class=\"_ _c4\"></span>beneficios <span class=\"_ _1\"></span>de <span class=\"_ _c8\"></span>cada <span class=\"_ _1\"></span>ejercicio <span class=\"_ _c4\"></span>a <span class=\"_ _c4\"></span>la constituci\u00f3n de <span class=\"_ _1\"></span>un fondo <span class=\"_ _1\"></span>de reserva <span class=\"_ _1\"></span>hasta que <span class=\"_ _1\"></span>este alcance, al <span class=\"_ _1\"></span>menos, <span class=\"_ _1\"></span>el 20% <span class=\"_ _1\"></span>del Capital <span class=\"_ _1\"></span>social. Esta reserva <span class=\"_ _c5\"></span>no <span class=\"_ _c5\"></span>es <span class=\"_ _c5\"></span>distribuible<span class=\"_ _0\"></span> <span class=\"_ _c5\"> </span>a <span class=\"_ _c5\"> </span>los <span class=\"_ _c0\"> </span>accionista<span class=\"_ _0\"></span>s, <span class=\"_ _c5\"></span>mientras <span class=\"_ _c5\"></span>no <span class=\"_ _c5\"></span>supere <span class=\"_ _c5\"></span>el <span class=\"_ _c5\"></span>l\u00edmite <span class=\"_ _c5\"></span>indic<span class=\"_ _0\"></span>ado, <span class=\"_ _c5\"> </span>y <span class=\"_ _c5\"> </span>s\u00f3lo <span class=\"_ _c5\"> </span>podr\u00e1 <span class=\"_ _c5\"> </span>ser utilizada <span class=\"_ _0\"></span>para <span class=\"_ _0\"></span>cubrir, <span class=\"_ _0\"></span>en e<span class=\"_ _0\"></span>l caso<span class=\"_ _0\"></span> de <span class=\"_ _0\"></span>no <span class=\"_ _0\"></span>tener <span class=\"_ _0\"></span>otras <span class=\"_ _0\"></span>reservas<span class=\"_ _0\"></span> disponib<span class=\"_ _0\"></span>les, el <span class=\"_ _0\"></span>sald<span class=\"_ _0\"></span>o deudor <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>Cuenta <span class=\"_ _0\"></span>de resultados. Tambi\u00e9n<span class=\"_ _0\"></span>, bajo determinadas condic<span class=\"_ _0\"></span>iones se podr\u00e1 destinar a i<span class=\"_ _0\"></span>ncrementar el Capital socia<span class=\"_ _0\"></span>l. A <span class=\"_ _0\"></span>31 de <span class=\"_ _0\"></span>diciembre<span class=\"_ _0\"></span> de<span class=\"_ _0\"></span> 202<span class=\"_ _0\"></span>2 y<span class=\"_ _0\"></span> de <span class=\"_ _0\"></span>2021 <span class=\"_ _0\"></span>la Re<span class=\"_ _0\"></span>serva <span class=\"_ _0\"></span>legal <span class=\"_ _0\"></span>alcanza <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>sociedad <span class=\"_ _0\"></span>matriz el<span class=\"_ _0\"></span> 20%<span class=\"_ _0\"></span> del <span class=\"_ _0\"></span>Capita<span class=\"_ _0\"></span>l social (54.199 miles de<span class=\"_ _0\"></span> euros).   <span class=\"ff5 sc0\"> <span class=\"_ _d2\"> </span><span class=\"ff3 fc1\">Otras reservas  </span></span>Este <span class=\"_ _1\"></span>concepto <span class=\"_ _1\"></span>incorpora <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>Reservas <span class=\"_ _1\"></span>voluntarias <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>Sociedad <span class=\"_ _1\"></span>matriz, <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>Reservas <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>sociedades consolidad<span class=\"_ _0\"></span>as y <span class=\"_ _1\"></span>las Rese<span class=\"_ _0\"></span>rvas de primera aplicaci\u00f3<span class=\"_ _0\"></span>n. A 31 de diciembre<span class=\"_ _0\"></span> de 2022 ascienden a 3.640.<span class=\"_ _0\"></span>830 miles de euros (2.570<span class=\"_ _0\"></span>.603 miles de euros en 20<span class=\"_ _0\"></span>21).   Como <span class=\"_ _c5\"></span>con<span class=\"_ _0\"></span>secuencia <span class=\"_ _c5\"></span>de <span class=\"_ _c8\"></span>la <span class=\"_ _c5\"> </span>tr<span class=\"_ _1\"></span>ansmisi\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _c5\"></span>de <span class=\"_ _c5\"></span>un <span class=\"_ _c2\"></span>49% <span class=\"_ _c5\"></span>de <span class=\"_ _c2\"></span>la <span class=\"_ _c5\"></span>participa<span class=\"_ _0\"></span>ci\u00f3n <span class=\"_ _c5\"></span>de <span class=\"_ _c2\"></span>Reintel <span class=\"_ _c5\"></span>(ver <span class=\"_ _c2\"></span>nota <span class=\"_ _c5\"></span>2.g) <span class=\"_ _c2\"></span>esta partida <span class=\"_ _c2\"></span>ha <span class=\"_ _c2\"></span>aumentado <span class=\"_ _c2\"></span>en <span class=\"_ _c8\"></span>920.760 <span class=\"_ _c5\"></span>miles <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>eur<span class=\"_ _1\"></span>os <span class=\"_ _c8\"></span>obt<span class=\"_ _1\"></span>enidos <span class=\"_ _c8\"></span>como <span class=\"_ _c2\"></span>resultado <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>la <span class=\"_ _c2\"></span>plusval\u00eda <span class=\"_ _c2\"></span>neta <span class=\"_ _c2\"></span>de impuestos de la ope<span class=\"_ _0\"></span>raci\u00f3n.  Adiciona<span class=\"_ _0\"></span>lmente, <span class=\"_ _c2\"></span>este <span class=\"_ _c2\"></span>ep\u00edgrafe <span class=\"_ _c8\"></span>incluye <span class=\"_ _c8\"></span>reser<span class=\"_ _1\"></span>vas <span class=\"_ _c8\"></span>procedentes <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>disposiciones <span class=\"_ _c8\"></span>legales <span class=\"_ _c8\"></span>por <span class=\"_ _c2\"></span>importe <span class=\"_ _c8\"></span>de 369.457 miles de euros<span class=\"_ _0\"></span> (364.909 miles de eu<span class=\"_ _0\"></span>ros en 2021), destacando<span class=\"_ _0\"></span> las siguientes:   <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">La <span class=\"_ _c4\"></span>Reserva <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>revalorizaci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>activos <span class=\"_ _c4\"></span>materiales <span class=\"_ _1\"></span>generada <span class=\"_ _c4\"></span>en <span class=\"_ _c4\"></span>1996 <span class=\"_ _c4\"></span>en <span class=\"_ _c4\"></span>la <span class=\"_ _c8\"></span>Sociedad<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>matriz <span class=\"_ _c4\"></span>por </span></span>importe de 247.022 <span class=\"_ _0\"></span>miles de euros. Esta reserva <span class=\"_ _0\"></span>podr\u00e1 destinarse, sin est<span class=\"_ _0\"></span>ar sujeta a tributaci\u00f3n, a<span class=\"_ _0\"></span> la <span class=\"_ _0\"></span>eliminaci\u00f3n <span class=\"_ _0\"></span>de resultad<span class=\"_ _0\"></span>os contables<span class=\"_ _0\"></span> negativos<span class=\"_ _0\"></span>, a <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>ampliaci\u00f3n <span class=\"_ _0\"></span>del C<span class=\"_ _0\"></span>apital socia<span class=\"_ _0\"></span>l o, <span class=\"_ _0\"></span>transcurridos<span class=\"_ _0\"></span> 10 <span class=\"_ _c8\"></span>a\u00f1os <span class=\"_ _c8\"></span>desde <span class=\"_ _c4\"></span>su <span class=\"_ _c8\"></span>creaci\u00f3n, <span class=\"_ _c8\"></span>a <span class=\"_ _c4\"></span>reservas <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>libre <span class=\"_ _c8\"></span>disposici<span class=\"_ _0\"></span>\u00f3n, <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>acuerdo <span class=\"_ _c8\"></span>con <span class=\"_ _c8\"></span>lo <span class=\"_ _c8\"></span>establecido <span class=\"_ _c4\"></span>en <span class=\"_ _c8\"></span>el Real Decreto-Ley 2607/1996. No obstante, s\u00f3lo podr\u00e1 ser objeto de distribuci\u00f3n, directa o indirec-<span class=\"_ _29d\"> </span>tamente, <span class=\"_ _c8\"></span>cuando <span class=\"_ _c8\"></span>los <span class=\"_ _c2\"></span>elementos <span class=\"_ _c4\"></span>patrimoniales <span class=\"_ _c8\"></span>actualizados <span class=\"_ _c8\"></span>est\u00e9n <span class=\"_ _c2\"></span>totalmente <span class=\"_ _c8\"></span>amortizados, <span class=\"_ _c8\"></span>hayan sido transmitidos<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>o dado<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>de baja en el b<span class=\"_ _0\"></span>alance.   <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\"> El <span class=\"_ _1\"></span>Grupo <span class=\"_ _c4\"></span>Fiscal, <span class=\"_ _1\"></span>del <span class=\"_ _c4\"></span>cual <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>Sociedad <span class=\"_ _c4\"></span>es <span class=\"_ _1\"></span>cabecera, <span class=\"_ _1\"></span>y <span class=\"_ _c4\"></span>en <span class=\"_ _1\"></span>virtud <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>lo <span class=\"_ _c4\"></span>estab<span class=\"_ _0\"></span>lecido <span class=\"_ _c4\"></span>en <span class=\"_ _c4\"></span>el <span class=\"_ _1\"></span>art\u00edculo <span class=\"_ _1\"></span>25 </span></span>de <span class=\"_ _c8\"></span>la <span class=\"_ _c8\"></span>Ley <span class=\"_ _c8\"></span>27/2014, <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>27 <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>noviembre, <span class=\"_ _c8\"></span>recoge <span class=\"_ _c4\"></span>la <span class=\"_ _c8\"></span>Reserva <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>capitalizaci\u00f3n, <span class=\"_ _c4\"></span>en <span class=\"_ _c2\"></span>las <span class=\"_ _c8\"></span>sociedades<span class=\"_ _29d\"> </span>Red <span class=\"_ _0\"></span>El\u00e9ctrica <span class=\"_ _0\"></span>y Re<span class=\"_ _0\"></span>d El\u00e9<span class=\"_ _0\"></span>ctrica Corpo<span class=\"_ _0\"></span>raci\u00f3n, S<span class=\"_ _0\"></span>.A. de<span class=\"_ _0\"></span> acuerd<span class=\"_ _0\"></span>o con<span class=\"_ _0\"></span> el <span class=\"_ _0\"></span>art\u00edculo <span class=\"_ _0\"></span>62.1 <span class=\"_ _0\"></span>d) <span class=\"_ _0\"></span>de l<span class=\"_ _0\"></span>a ci<span class=\"_ _0\"></span>tada Le<span class=\"_ _0\"></span>y, por <span class=\"_ _c4\"></span>importe <span class=\"_ _c4\"></span>total <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>104.910 <span class=\"_ _c4\"></span>miles <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>euros, <span class=\"_ _c4\"></span>correspond<span class=\"_ _0\"></span>iente <span class=\"_ _c4\"></span>a <span class=\"_ _c8\"></span>los <span class=\"_ _c4\"></span>ejercicios <span class=\"_ _1\"></span>2015 <span class=\"_ _c8\"></span>(29.110 <span class=\"_ _1\"></span>miles de <span class=\"_ _c2\"></span>euros), <span class=\"_ _c2\"></span>2016 <span class=\"_ _c5\"></span>(15.406<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>m<span class=\"_ _1\"></span>iles <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>euros), <span class=\"_ _c2\"></span>2017 <span class=\"_ _c2\"></span>(11.312 <span class=\"_ _c2\"></span>m<span class=\"_ _1\"></span>iles <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>euros), <span class=\"_ _c2\"></span>2018 <span class=\"_ _c2\"></span>(16.707 <span class=\"_ _c2\"></span>miles <span class=\"_ _c5\"></span>de<span class=\"_ _0\"></span> euros), 2019 (19.668 <span class=\"_ _1\"></span>miles de euros), <span class=\"_ _1\"></span>2020 (8.160 miles de eur<span class=\"_ _1\"></span>os) y <span class=\"_ _1\"></span>2021 (4.548 miles de <span class=\"_ _1\"></span>euros).<span class=\"_ _0\"></span> Dicha <span class=\"_ _0\"></span>reserva<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>ser\u00e1 <span class=\"_ _0\"></span>indisp<span class=\"_ _0\"></span>onible <span class=\"_ _bf\"></span>durant<span class=\"_ _1\"></span>e <span class=\"_ _bf\"></span>el p<span class=\"_ _0\"></span>lazo <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>cinco <span class=\"_ _0\"></span>a\u00f1os. <span class=\"_ _0\"></span>La<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>propuesta <span class=\"_ _bf\"></span>para <span class=\"_ _0\"></span>dotar <span class=\"_ _bf\"></span>la Re<span class=\"_ _0\"></span>serva de <span class=\"_ _0\"></span>capitali<span class=\"_ _0\"></span>zaci\u00f3n <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>ejerci<span class=\"_ _0\"></span>cio <span class=\"_ _0\"></span>finalizado <span class=\"_ _bf\"></span>el <span class=\"_ _0\"></span>31 <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>diciembre <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>2022, <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>acuerdo <span class=\"_ _bf\"></span>con <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>menciona<span class=\"_ _0\"></span>do art\u00edculo 62.1.d) <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>citada <span class=\"_ _1\"></span>Ley p<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>importe <span class=\"_ _1\"></span>de 18.865 m<span class=\"_ _1\"></span>iles <span class=\"_ _1\"></span>de eur<span class=\"_ _1\"></span>os se <span class=\"_ _1\"></span>realizar\u00e1 en <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>sociedad Red <span class=\"_ _0\"></span>El\u00e9ctrica Corporaci\u00f3<span class=\"_ _0\"></span>n, S.A. <span class=\"_ _0\"></span>como <span class=\"_ _0\"></span>sociedad c<span class=\"_ _0\"></span>abecera d<span class=\"_ _0\"></span>el Grupo <span class=\"_ _0\"></span>Fiscal. <span class=\"_ _0\"></span>Asimismo, ca<span class=\"_ _0\"></span>da <span class=\"_ _0\"></span>socie-<span class=\"_ _29d\"> </span>dad <span class=\"_ _c2\"></span>del <span class=\"_ _c5\"></span>Grupo <span class=\"_ _c5\"></span>Fiscal <span class=\"_ _c2\"></span>ha <span class=\"_ _c5\"></span>realizado<span class=\"_ _0\"></span> <span class=\"_ _c5\"> </span>el <span class=\"_ _c5\"></span>ajuste <span class=\"_ _c2\"></span>correspondiente <span class=\"_ _c5\"></span>en<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>el <span class=\"_ _c5\"></span>Impu<span class=\"_ _0\"></span>esto <span class=\"_ _c5\"> </span>de <span class=\"_ _c5\"></span>Sociedad<span class=\"_ _0\"></span>es <span class=\"_ _c5\"></span>del ejercicio 2022 por es<span class=\"_ _0\"></span>te concepto (v\u00e9ase nota 23).<span class=\"_ _0\"></span>  o<span class=\"ff5\"> <span class=\"_ _d0\"> </span><span class=\"ff3 fc1\">Acciones y participacio<span class=\"_ _0\"></span>nes en patrimonio propias<span class=\"_ _0\"></span>  </span></span>Las acciones de la Socied<span class=\"_ _0\"></span>ad dominante en poder de la misma a 31 de dici<span class=\"_ _0\"></span>embre <span class=\"_ _1\"></span>de 2022 repre<span class=\"_ _0\"></span>sentan el <span class=\"_ _c4\"></span>0,28% <span class=\"_ _c4\"></span>del <span class=\"_ _c8\"></span>capital <span class=\"_ _1\"></span>social <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>la <span class=\"_ _c8\"></span>Sociedad <span class=\"_ _1\"></span>mat<span class=\"_ _1\"></span>riz <span class=\"_ _1\"></span>y <span class=\"_ _c8\"></span>totalizan <span class=\"_ _c4\"></span>1.499.900 <span class=\"_ _c4\"></span>acciones, <span class=\"_ _1\"></span>de <span class=\"_ _c8\"></span>valor <span class=\"_ _c4\"></span>nominal <span class=\"_ _c4\"></span>de 0,50 euros por<span class=\"_ _1\"></span> acci\u00f3n, con un <span class=\"_ _1\"></span>valor nominal global de 750 <span class=\"_ _1\"></span>miles de <span class=\"_ _1\"></span>euros y un <span class=\"_ _1\"></span>precio medio de <span class=\"_ _1\"></span>adqui-<span class=\"_ _29d\"> </span>sici\u00f3n de<span class=\"_ _0\"></span> 17,53 euros po<span class=\"_ _0\"></span>r acci\u00f3n (A 31<span class=\"_ _0\"></span> de diciem<span class=\"_ _0\"></span>bre de 2021,<span class=\"_ _0\"></span> 1.803.433 acci<span class=\"_ _0\"></span>ones, de valor n<span class=\"_ _0\"></span>ominal de 0,50 <span class=\"_ _c4\"></span>euros<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>por <span class=\"_ _c4\"></span>acci\u00f3n, <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>representaban <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>0,33% <span class=\"_ _c4\"></span>del <span class=\"_ _c4\"></span>Capital <span class=\"_ _1\"></span>social, <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>un <span class=\"_ _c4\"></span>valor <span class=\"_ _1\"></span>nominal <span class=\"_ _c4\"></span>global <span class=\"_ _1\"></span>de 902 miles de euros y<span class=\"_ _0\"></span> un precio medio de adquisic<span class=\"_ _0\"></span>i\u00f3n de 17,53 euros po<span class=\"_ _0\"></span>r acci\u00f3n).  Dichas acciones <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>encue<span class=\"_ _0\"></span>ntran <span class=\"_ _1\"></span>registradas reduciendo el <span class=\"_ _1\"></span>valor <span class=\"_ _1\"></span>del Patrimonio neto <span class=\"_ _c4\"></span>del Grupo <span class=\"_ _1\"></span>a 31 <span class=\"_ _1\"></span>de diciembre de 2022 po<span class=\"_ _0\"></span>r importe de 26.296 mi<span class=\"_ _0\"></span>les de euros (31.618 <span class=\"_ _0\"></span>miles de euros en 2021). <span class=\"_ _0\"></span> La Sociedad dominante ha cumplido las obligacio<span class=\"_ _0\"></span>nes <span class=\"_ _1\"></span>derivad<span class=\"_ _0\"></span>as <span class=\"_ _1\"></span>del art\u00edculo<span class=\"_ _0\"></span> 509 <span class=\"_ _1\"></span>de la Ley de Socieda-<span class=\"_ _29d\"> </span>des <span class=\"_ _1\"></span>de Capital que <span class=\"_ _1\"></span>establece que salvo <span class=\"_ _1\"></span>en los <span class=\"_ _1\"></span>supuestos<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>libre adquisici\u00f3n de <span class=\"_ _1\"></span>las propias acciones, en <span class=\"_ _c2\"></span>las <span class=\"_ _c2\"></span>sociedades <span class=\"_ _c2\"></span>cotizadas <span class=\"_ _c8\"></span>el <span class=\"_ _c2\"></span>valor <span class=\"_ _c2\"></span>nominal <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>las <span class=\"_ _c2\"></span>acciones <span class=\"_ _c2\"></span>pr<span class=\"_ _1\"></span>opias <span class=\"_ _c8\"></span>adquiridas <span class=\"_ _c2\"></span>directa <span class=\"_ _c2\"></span>o <span class=\"_ _c2\"></span>indirecta-<span class=\"_ _29d\"> </span>mente <span class=\"_ _1\"></span>por <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>sociedad, <span class=\"_ _1\"></span>sum\u00e1ndose <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>ya <span class=\"_ _c4\"></span>posean <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>Sociedad <span class=\"_ _1\"></span>dominante <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>sus <span class=\"_ _1\"></span>sociedades filiales, <span class=\"_ _0\"></span>no debe<span class=\"_ _0\"></span> ex<span class=\"_ _0\"></span>ceder <span class=\"_ _0\"></span>del 10%<span class=\"_ _0\"></span> del <span class=\"_ _0\"></span>Capital<span class=\"_ _0\"></span> socia<span class=\"_ _0\"></span>l suscri<span class=\"_ _0\"></span>to. Las<span class=\"_ _0\"></span> sociedade<span class=\"_ _0\"></span>s filia<span class=\"_ _0\"></span>les no<span class=\"_ _0\"></span> poseen<span class=\"_ _0\"></span> ni <span class=\"_ _0\"></span>accio-<span class=\"_ _29d\"> </span>nes propias ni de la S<span class=\"_ _0\"></span>ociedad dominante. <span class=\"_ _0\"></span> o<span class=\"ff5\"> <span class=\"_ _d0\"> </span><span class=\"ff3 fc1\">Resultado del ejercicio<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>atribuido<span class=\"_ _0\"></span> a la sociedad dominante  </span></span>El Resultado del ejercici<span class=\"_ _0\"></span>o atribuido a la sociedad dominante en 2022 ha asce<span class=\"_ _0\"></span>ndido a 664.731 miles de euros (680.627 miles de<span class=\"_ _0\"></span> euros a 31 de diciembre<span class=\"_ _0\"></span> de 2021).  o<span class=\"ff5\"> <span class=\"_ _d0\"> </span><span class=\"ff3 fc1\">Dividendo a cuenta del e<span class=\"_ _0\"></span>jercicio y propuesta<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>de distribu<span class=\"_ _0\"></span>ci\u00f3n de dividendo de<span class=\"_ _0\"></span> la Sociedad matriz  </span></span>El <span class=\"_ _1\"></span>Dividendo <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>cuenta <span class=\"_ _c4\"></span>aprobado <span class=\"_ _1\"></span>por <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>Consejo <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>Administraci\u00f3n <span class=\"_ _1\"></span>durante <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>ejercicio <span class=\"_ _c4\"></span>2022 <span class=\"_ _1\"></span>figura <span class=\"_ _1\"></span>mi-<span class=\"_ _29d\"> </span>norando <span class=\"_ _0\"></span>el<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>Patrimonio <span class=\"_ _bf\"></span>neto <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Grup<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>a <span class=\"_ _bf\"></span>31 de<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>dici<span class=\"_ _0\"></span>embre <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>2022 <span class=\"_ _0\"></span>por <span class=\"_ _bf\"></span>im<span class=\"_ _1\"></span>po<span class=\"_ _0\"></span>rte <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>147<span class=\"_ _0\"></span>.143 <span class=\"_ _0\"></span>miles <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>euros (147.061 miles de euros<span class=\"_ _0\"></span> a 31 de diciembre<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>de 2021<span class=\"_ _0\"></span>) (v\u00e9ase nota 19).  El <span class=\"_ _0\"></span>d\u00eda 25 <span class=\"_ _0\"></span>de octub<span class=\"_ _0\"></span>re de <span class=\"_ _0\"></span>2022 <span class=\"_ _0\"></span>el C<span class=\"_ _0\"></span>onsejo de <span class=\"_ _0\"></span>Adminis<span class=\"_ _0\"></span>traci\u00f3n de <span class=\"_ _0\"></span>la Socie<span class=\"_ _0\"></span>dad <span class=\"_ _0\"></span>acord\u00f3 repartir <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>dividendo<span class=\"_ _0\"></span> a <span class=\"_ _bf\"></span>cuent<span class=\"_ _1\"></span>a <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>resul<span class=\"_ _0\"></span>tados <span class=\"_ _bf\"></span>del <span class=\"_ _0\"></span>ejercicio <span class=\"_ _bf\"></span>2022 <span class=\"_ _0\"></span>por <span class=\"_ _bf\"></span>un <span class=\"_ _0\"></span>importe <span class=\"_ _bf\"></span>bruto <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>0,2727 <span class=\"_ _bf\"></span>euros <span class=\"_ _0\"></span>por <span class=\"_ _bf\"></span>acci\u00f3n, <span class=\"_ _0\"></span>paga<span class=\"_ _0\"></span>dero el 9 de enero de 2023<span class=\"_ _0\"></span> (0,2727 euros brutos por a<span class=\"_ _0\"></span>cci\u00f3n en 2021).  Los dividendos pagado<span class=\"_ _0\"></span>s durante el ejercicio<span class=\"_ _0\"></span> 2022 y 2021 se detallan<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>a con<span class=\"_ _0\"></span>tinuaci\u00f3n:      2022 <span class=\"_ _af\"> </span>2021 % Sobre  Euros por % Sobre Euros por Importe Importe Miles de euros nominal acci\u00f3n nominal acci\u00f3n Acciones ordinarias <span class=\"_ _122\"> </span>200,00%<span class=\"_ _29d\"> </span>1,0000 543.881<span class=\"_ _29d\"> </span>200,00%<span class=\"_ _29d\"> </span>1,0000 538.995<span class=\"_ _29d\"> </span>Dividendos totales pagados <span class=\"_ _89\"> </span>200,00%<span class=\"_ _29d\"> </span>1,0000 543.881<span class=\"_ _29d\"> </span>200,00%<span class=\"_ _29d\"> </span>1,0000 538.995<span class=\"_ _29d\"> </span>Dividendos con cargo a resultados<span class=\"_ _29d\"> </span>200,00%<span class=\"_ _29d\"> </span>1,0000 543.881<span class=\"_ _29d\"> </span>200,00%<span class=\"_ _29d\"> </span>1,0000 538.995<span class=\"_ _29d\"> </span>La previsi\u00f3n<span class=\"_ _0\"></span> de tesorer\u00eda <span class=\"_ _0\"></span>correspondiente al <span class=\"_ _0\"></span>periodo comp<span class=\"_ _0\"></span>rendido entre el <span class=\"_ _0\"></span>30 de <span class=\"_ _0\"></span>septiembre de<span class=\"_ _0\"></span> 2022 y el <span class=\"_ _c8\"></span>9 <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>enero <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>2023 <span class=\"_ _c2\"></span>puso <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>manifiesto <span class=\"_ _c8\"></span>la <span class=\"_ _c2\"></span>existencia <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>liquidez <span class=\"_ _c8\"></span>suficiente <span class=\"_ _c2\"></span>para <span class=\"_ _c8\"></span>la <span class=\"_ _c2\"></span>distribuci\u00f3n <span class=\"_ _c4\"></span>de dicho <span class=\"_ _1\"></span>dividendo <span class=\"_ _1\"></span>y, <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>acuerdo <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>requisitos <span class=\"_ _1\"></span>establecidos <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>art\u00edculo <span class=\"_ _1\"></span>277 <span class=\"_ _1\"></span>apartado <span class=\"_ _1\"></span>a) <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>Ley de Sociedades de Ca<span class=\"_ _0\"></span>pital.  En base a <span class=\"_ _1\"></span>esto, de acuerdo <span class=\"_ _1\"></span>con<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>los requisitos establecid<span class=\"_ _0\"></span>os <span class=\"_ _1\"></span>en el <span class=\"_ _1\"></span>art\u00edculo 277 apartado a) de la <span class=\"_ _1\"></span>Ley de Sociedades de Capital,<span class=\"_ _0\"></span> fue formulado el siguien<span class=\"_ _0\"></span>te estado previsional de li<span class=\"_ _0\"></span>quidez:<span class=\"_ _29d\"> </span> Estado de liquidez de <span class=\"_ _1\"></span>Red El\u00e9ctrica Corporaci\u00f3n, S.A. <span class=\"_ _123\"> </span><span class=\"fc1\">Miles de euros </span>Fondos disponibles <span class=\"_ _1\"></span>30-09-2022: Cr\u00e9ditos disponibles a largo plazo <span class=\"_ _124\"> </span>239.190 Cr\u00e9ditos disponibles a corto plazo <span class=\"_ _124\"> </span>125.000 Inversiones financieras temporales y tesorer\u00eda <span class=\"_ _7\"> </span>16.914 Previsiones de cobros: Operaciones corrientes <span class=\"_ _125\"> </span>- Operaciones financieras <span class=\"_ _126\"> </span>348.281 Previsiones de pagos: <span class=\"_ _127\"> </span> Operaciones corrientes <span class=\"_ _128\"> </span>(324.273)<span class=\"_ _29d\"> </span>Operaciones financieras <span class=\"_ _129\"> </span>(208.176)<span class=\"_ _29d\"> </span>Previsi\u00f3n de fondos disp<span class=\"_ _1\"></span>onibles a 09-01-2023: <span class=\"_ _11e\"> </span>196.936 El <span class=\"_ _0\"></span>Consejo de <span class=\"_ _0\"></span>Administraci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la Socie<span class=\"_ _0\"></span>dad matriz <span class=\"_ _0\"></span>ha propues<span class=\"_ _0\"></span>to a <span class=\"_ _0\"></span>la Junt<span class=\"_ _0\"></span>a General <span class=\"_ _0\"></span>de Accio<span class=\"_ _0\"></span>nistas <span class=\"_ _0\"></span>un dividendo<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>complementario <span class=\"_ _1\"></span>por <span class=\"_ _1\"></span>importe de <span class=\"_ _1\"></span>0,7273 euros <span class=\"_ _1\"></span>por <span class=\"_ _1\"></span>acci\u00f3n, <span class=\"_ _1\"></span>ascendie<span class=\"_ _0\"></span>ndo <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>dividendo total <span class=\"_ _1\"></span>del ejercicio 2022 a <span>1</span> euro<span class=\"_ _0\"></span> por acci\u00f3n (<span><span>1</span></span> euro<span class=\"_ _0\"></span> en 2021).  Adiciona<span class=\"_ _0\"></span>lmente, <span class=\"_ _1\"></span>dada la capacidad de generaci\u00f3n de efectivo<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>de la Sociedad y del importe de las p\u00f3li-<span class=\"_ _29d\"> </span>zas <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>cr\u00e9dito <span class=\"_ _bf\"></span>no disp<span class=\"_ _0\"></span>uestas <span class=\"_ _0\"></span>(v\u00e9ase <span class=\"_ _bf\"></span>nota 1<span class=\"_ _0\"></span>8), <span class=\"_ _0\"></span>la <span class=\"_ _bf\"></span>Sociedad <span class=\"_ _0\"></span>dispondr\u00e1 <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>liquidez <span class=\"_ _0\"></span>suficiente <span class=\"_ _0\"></span>en <span class=\"_ _bf\"></span>el <span class=\"_ _0\"></span>periodo de un a\u00f1o desde que<span class=\"_ _0\"></span> se acord\u00f3 la distribuci\u00f3<span class=\"_ _0\"></span>n del dividendo a cuen<span class=\"_ _0\"></span>ta.   <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Ajust<span class=\"_ _1\"></span>es por ca<span class=\"_ _0\"></span>mbios de valor  </span></span>o<span class=\"ff5\"> <span class=\"_ _d0\"> </span><span class=\"ff3 fc1\">Activos financieros a val<span class=\"_ _0\"></span>or razonable con<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>cambio<span class=\"_ _0\"></span>s en Otro resultado glob<span class=\"_ _0\"></span>al  </span></span>Este ep\u00edgra<span class=\"_ _0\"></span>fe recoge a <span class=\"_ _0\"></span>31 de <span class=\"_ _0\"></span>diciembre 2022 <span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>21 las variaciones <span class=\"_ _0\"></span>de va<span class=\"_ _0\"></span>lor producidas <span class=\"_ _0\"></span>por los in<span class=\"_ _0\"></span>stru-<span class=\"_ _29d\"> </span>mentos de<span class=\"_ _0\"></span> patrimonio<span class=\"_ _0\"></span> clasificado<span class=\"_ _0\"></span>s como ac<span class=\"_ _0\"></span>tivos <span class=\"_ _0\"></span>financieros medidos <span class=\"_ _0\"></span>a val<span class=\"_ _0\"></span>or razonab<span class=\"_ _0\"></span>le con <span class=\"_ _0\"></span>cambios <span class=\"_ _0\"></span>en Otro <span class=\"_ _1\"></span>resultado <span class=\"_ _1\"></span>global, <span class=\"_ _1\"></span>debidas <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>luctuaciones en <span class=\"_ _1\"></span>el <span class=\"_ _c4\"></span>precio <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>cotizaci<span class=\"_ _0\"></span>\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>la <span class=\"_ _1\"></span>acci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>la <span class=\"_ _1\"></span>partici-<span class=\"_ _29d\"> </span>paci\u00f3n del 5% que el Grupo<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>tiene en Redes Energ\u00e9tica<span class=\"_ _0\"></span>s Nacionais, S.G.P.S., S.A. (en adelante REN),<span class=\"_ _0\"></span> sociedad <span class=\"_ _0\"></span>cotizada <span class=\"_ _0\"></span>cuyo <span class=\"_ _0\"></span>\u00edndic<span class=\"_ _0\"></span>e de <span class=\"_ _0\"></span>referen<span class=\"_ _0\"></span>cia es <span class=\"_ _0\"></span>el <span class=\"_ _bf\"></span>portugu\u00e9s PS<span class=\"_ _0\"></span>I 20<span class=\"_ _0\"></span>. A <span class=\"_ _0\"></span>31 <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e dici<span class=\"_ _0\"></span>embre de <span class=\"_ _0\"></span>2022<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>ascien-<span class=\"_ _29d\"> </span>den a un importe<span class=\"_ _0\"></span> de 17.932 miles de euros (18<span class=\"_ _0\"></span>.766 miles de euros en <span class=\"_ _0\"></span>2021).  o<span class=\"ff5\"> <span class=\"_ _d0\"> </span><span class=\"ff3 fc1\">Operaciones de cobe<span class=\"_ _0\"></span>rtura  </span></span>Este ep\u00edgrafe recoge las<span class=\"_ _0\"></span> variaciones de valo<span class=\"_ _0\"></span>r producidas por los inst<span class=\"_ _0\"></span>rumentos financieros derivado<span class=\"_ _0\"></span>s.  A 31 <span class=\"_ _1\"></span>de diciembre de <span class=\"_ _1\"></span>2022 ascienden a <span class=\"_ _1\"></span>un importe <span class=\"_ _1\"></span>de 10.080 m<span class=\"_ _1\"></span>iles de euros (menos 62.170 miles <span class=\"_ _1\"></span>de euros en 2021).  o<span class=\"ff5\"> <span class=\"_ _d0\"> </span><span class=\"ff3 fc1\">Diferencias de conversi<span class=\"_ _0\"></span>\u00f3n  </span></span>Este <span class=\"_ _c4\"></span>ep\u00edgrafe<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>recoge <span class=\"_ _1\"></span>principalmente<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>las <span class=\"_ _c4\"></span>diferenci<span class=\"_ _0\"></span>as <span class=\"_ _c4\"></span>por <span class=\"_ _1\"></span>tipo <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>cambio <span class=\"_ _1\"></span>derivadas <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>conversi\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>de los estados financieros de las sociedades extranjeras<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>con moneda funcio<span class=\"_ _0\"></span>nal difer<span class=\"_ _1\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>e al euro. A 31 de diciembre de <span class=\"_ _0\"></span>2022 a<span class=\"_ _0\"></span>scend\u00edan a<span class=\"_ _0\"></span> menos<span class=\"_ _0\"></span> 64.795 <span class=\"_ _0\"></span>miles de e<span class=\"_ _0\"></span>uros (meno<span class=\"_ _0\"></span>s 87.71<span class=\"_ _0\"></span>3 miles de<span class=\"_ _0\"></span> euros en<span class=\"_ _0\"></span> 202<span class=\"_ _0\"></span>1). El <span class=\"_ _c8\"></span>incremento <span class=\"_ _c4\"></span>se <span class=\"_ _c8\"></span>debe <span class=\"_ _c4\"></span>principalmente <span class=\"_ _c8\"></span>a <span class=\"_ _c4\"></span>la <span class=\"_ _c2\"></span>evoluci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _c8\"></span>en <span class=\"_ _c8\"></span>2022 <span class=\"_ _c8\"></span>del <span class=\"_ _c8\"></span>real <span class=\"_ _c8\"></span>brasil<span class=\"_ _0\"></span>e\u00f1o <span class=\"_ _c8\"></span>y <span class=\"_ _c2\"></span>el <span class=\"_ _c4\"></span>d\u00f3lar <span class=\"_ _c8\"></span>americano frente al euro.  c) <span class=\"_ _c7\"> </span>Participaciones no dominante<span class=\"_ _0\"></span>s<span class=\"ff3 fc1\">  </span>El <span class=\"_ _c2\"></span>saldo <span class=\"_ _c5\"></span>incluido <span class=\"_ _c2\"></span>en <span class=\"_ _c5\"></span>el <span class=\"_ _c2\"></span>apartado <span class=\"_ _c2\"></span>Participaciones <span class=\"_ _c2\"></span>no <span class=\"_ _c5\"></span>dominantes <span class=\"_ _c2\"></span>dentro <span class=\"_ _c5\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _c5\"></span>Patrimonio <span class=\"_ _c2\"></span>neto <span class=\"_ _c5\"></span>del <span class=\"_ _c2\"></span>Estado <span class=\"_ _c2\"></span>de situaci\u00f3n <span class=\"_ _1\"></span>financiera <span class=\"_ _c4\"></span>conso<span class=\"_ _0\"></span>lidado, <span class=\"_ _c4\"></span>recoge <span class=\"_ _c4\"></span>en <span class=\"_ _1\"></span>2022 <span class=\"_ _1\"></span>el <span class=\"_ _c4\"></span>valor <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>la <span class=\"_ _1\"></span>participaci\u00f3n <span class=\"_ _1\"></span>no <span class=\"_ _c4\"></span>dominante <span class=\"_ _c4\"></span>en <span class=\"_ _1\"></span>todas <span class=\"_ _c4\"></span>las <span class=\"_ _1\"></span>so-<span class=\"_ _29d\"> </span>ciedades del Subgrupo<span class=\"_ _0\"></span> Hispasat, en Reintel as<span class=\"_ _0\"></span>\u00ed como en la sociedad chil<span class=\"_ _0\"></span>ena Redenor.  El detalle de movimien<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>os en los<span class=\"_ _0\"></span> ejercicios 2022 y 202<span class=\"_ _0\"></span>1 es el siguiente:  Cam-<span class=\"_ _29d\"> </span>Cam-<span class=\"_ _29d\"> </span>bios de Resul-<span class=\"_ _29d\"> </span>31 de bios per\u00edme-<span class=\"_ _29d\"> </span>Reparto 31 de 31 de di-<span class=\"_ _29d\"> </span>tado di-<span class=\"_ _29d\"> </span>Resul-<span class=\"_ _29d\"> </span>de pe-<span class=\"_ _29d\"> </span>tro y de divi-<span class=\"_ _29d\"> </span>diciem-<span class=\"_ _29d\"> </span>ciembre del Otros ciem-<span class=\"_ _29d\"> </span>tado del r\u00edme-<span class=\"_ _29d\"> </span>amplia-<span class=\"_ _29d\"> </span>dendos bre de de 2020 ejerci-<span class=\"_ _29d\"> </span>bre de ejercicio<span class=\"_ _29d\"> </span>tro y ciones y otros 2022 cio 2021 otros de ca-<span class=\"_ _29d\"> </span>Miles de euros pital<span class=\"_ _29d\"> </span>Participaciones no Dominantes <span class=\"_ _1b\"> </span><span class=\"fc8\">56.351 </span>(8.217)<span class=\"_ _29d\"> </span>5.657 258 54.049 40.135 16.456 (5.899)<span class=\"_ _29d\"> </span>104.741 En <span class=\"_ _1\"></span>2022, en <span class=\"_ _1\"></span>cambios de <span class=\"_ _1\"></span>per\u00edmetro y <span class=\"_ _1\"></span>ampliacione<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>de capital <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>refleja principalmente la <span class=\"_ _1\"></span>venta de <span class=\"_ _1\"></span>una parti-<span class=\"_ _29d\"> </span>cipaci\u00f3n <span class=\"_ _1\"></span>minoritaria <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>49% <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>Red <span class=\"_ _1\"></span>El\u00e9ctrica Infraestructuras <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>Telecomunicaci\u00f3n, <span class=\"_ _1\"></span>S.A.U (Reintel), <span class=\"_ _1\"></span>socie-<span class=\"_ _29d\"> </span>dad <span class=\"_ _1\"></span>par<span class=\"_ _1\"></span>ticipada <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>cierr<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>ejer<span class=\"_ _1\"></span>cicio <span class=\"_ _1\"></span>2022 <span class=\"_ _c4\"></span>en <span class=\"_ _c4\"></span>un <span class=\"_ _1\"></span>51% <span class=\"_ _c4\"></span>por <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>sociedad <span class=\"_ _1\"></span>matriz <span class=\"_ _1\"></span>(v\u00e9ase <span class=\"_ _c4\"></span>nota <span class=\"_ _c4\"></span>2.g), <span class=\"_ _c4\"></span>as\u00ed <span class=\"_ _1\"></span>como <span class=\"_ _c4\"></span>la entrada en el perime<span class=\"_ _0\"></span>tro de consolidaci\u00f3<span class=\"_ _0\"></span>n de <span class=\"_ _1\"></span>Axe<span class=\"_ _0\"></span>ss.   Redeia mantiene <span class=\"_ _1\"></span>el 51% <span class=\"_ _1\"></span>de la <span class=\"_ _1\"></span>participaci\u00f3n de <span class=\"_ _1\"></span>Rein<span class=\"_ _0\"></span>tel <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>trav\u00e9s de <span class=\"_ _1\"></span>su sociedad matriz, <span class=\"_ _1\"></span>as\u00ed <span class=\"_ _1\"></span>como el <span class=\"_ _1\"></span>control y la <span class=\"_ _c4\"></span>gesti\u00f3n <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>misma, <span class=\"_ _c4\"></span>por <span class=\"_ _c4\"></span>lo <span class=\"_ _c4\"></span>que <span class=\"_ _c8\"></span>la <span class=\"_ _c4\"></span>transacci\u00f3n <span class=\"_ _c4\"></span>se <span class=\"_ _c4\"></span>considera <span class=\"_ _1\"></span>una <span class=\"_ _c8\"></span>operaci<span class=\"_ _0\"></span>\u00f3n <span class=\"_ _c4\"></span>con <span class=\"_ _c4\"></span>participaciones <span class=\"_ _c4\"></span>no <span class=\"_ _c4\"></span>domi-<span class=\"_ _29d\"> </span>nantes, <span class=\"_ _1\"></span>lo <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>ha <span class=\"_ _1\"></span>supuesto <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>Grupo <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>ejercicio <span class=\"_ _1\"></span>2022, <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>incremento <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>participaciones no <span class=\"_ _1\"></span>domi-<span class=\"_ _29d\"> </span>nantes <span class=\"_ _1\"></span>sin impacto <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>la cuenta <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>resultados consolidada<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>ni <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>m\u00e9todo <span class=\"_ _1\"></span>de consolidaci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>Reintel que seguir\u00e1 <span class=\"_ _c8\"></span>siendo <span class=\"_ _c2\"></span>consolidad<span class=\"_ _0\"></span>a <span class=\"_ _c2\"></span>por <span class=\"_ _c2\"></span>el <span class=\"_ _c2\"></span>m\u00e9todo <span class=\"_ _c2\"></span>de <span class=\"_ _c8\"></span>integraci\u00f3n <span class=\"_ _c2\"></span>global. <span class=\"_ _c8\"></span>Por <span class=\"_ _c2\"></span>otro <span class=\"_ _c2\"></span>lado, <span class=\"_ _c8\"></span>Redeia <span class=\"_ _c2\"></span>tiene <span class=\"_ _c2\"></span>el <span class=\"_ _c8\"></span>control <span class=\"_ _c2\"></span>del 89,68% <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>Axess <span class=\"_ _c4\"></span>a <span class=\"_ _1\"></span>trav\u00e9s <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>Hispasat <span class=\"_ _1\"></span>(ver <span class=\"_ _1\"></span>nota <span class=\"_ _c4\"></span>6) <span class=\"_ _1\"></span>gener\u00e1ndose <span class=\"_ _1\"></span>participacione<span class=\"_ _0\"></span>s <span class=\"_ _c4\"></span>no <span class=\"_ _c4\"></span>dominantes por<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>el <span class=\"_ _c4\"></span>res-<span class=\"_ _29d\"> </span>tante 10,32% que no pos<span class=\"_ _0\"></span>ee el Grupo.  En <span class=\"_ _c5\"></span>2021, <span class=\"_ _c5\"></span>en <span class=\"_ _c5\"></span>cambio<span class=\"_ _0\"></span>s <span class=\"_ _c5\"> </span>de <span class=\"_ _c5\"> </span>per\u00edmetro <span class=\"_ _c5\"></span>y <span class=\"_ _c5\"></span>otros <span class=\"_ _c5\"></span>se <span class=\"_ _c2\"></span>reflej\u00f3 <span class=\"_ _c5\"></span>la <span class=\"_ _c5\"></span>adquisici\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _c0\"> </span>del <span class=\"_ _c2\"></span>19,04% <span class=\"_ _c5\"></span>al <span class=\"_ _c5\"></span>socio <span class=\"_ _c2\"></span>minoritario <span class=\"_ _c5\"></span>de <span class=\"_ _c5\"></span>la totalidad <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>su <span class=\"_ _c4\"></span>participa<span class=\"_ _0\"></span>ci\u00f3n <span class=\"_ _c4\"></span>en <span class=\"_ _1\"></span>Hispamar <span class=\"_ _c4\"></span>Sat\u00e9lites, <span class=\"_ _1\"></span>S.A. <span class=\"_ _c4\"></span>pasando <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>este <span class=\"_ _c4\"></span>modo <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>Gr<span class=\"_ _1\"></span>upo <span class=\"_ _1\"></span>Hispasat <span class=\"_ _c4\"></span>a <span class=\"_ _1\"></span>ser <span class=\"_ _c4\"></span>el \u00fanico accionista de<span class=\"_ _0\"></span> esta sociedad (v\u00e9ase no<span class=\"_ _0\"></span>ta 2.g).  En <span class=\"_ _c5\"></span>relaci\u00f3n <span class=\"_ _c5\"></span>con <span class=\"_ _c5\"></span>las <span class=\"_ _c5\"></span>princi<span class=\"_ _0\"></span>pales <span class=\"_ _c5\"></span>Participaciones <span class=\"_ _c2\"></span>no <span class=\"_ _c5\"> </span>dominant<span class=\"_ _1\"></span>es <span class=\"_ _c2\"></span>antes <span class=\"_ _c5\"> </span>detalladas, <span class=\"_ _c5\"> </span>la <span class=\"_ _c5\"></span>informaci\u00f3n <span class=\"_ _c2\"></span>f<span class=\"_ _1\"></span>inancie<span class=\"_ _0\"></span>ra resumida de <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>activos, pasivos <span class=\"_ _1\"></span>y resultado <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>31 de <span class=\"_ _1\"></span>diciembre <span class=\"_ _1\"></span>de 2022 <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>de 2021 <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>la sociedad <span class=\"_ _1\"></span>donde se participa es el siguien<span class=\"_ _0\"></span>te:  Redenor <span class=\"_ _8\"> </span>Sub<span class=\"_ _1\"></span>grupo Hispasat <span class=\"_ _ec\"> </span>Reintel Miles de euros<span class=\"_ _29d\"> </span>2022 <span class=\"_ _5e\"> </span>202<span class=\"_ _1\"></span>1 <span class=\"_ _12a\"> </span>2022 <span class=\"_ _116\"> </span>202<span class=\"_ _1\"></span>1 <span class=\"_ _12a\"> </span>2022 Activos no corrientes <span class=\"_ _d8\"> </span>115.195 117.630 1.074.105 925.011 402.233 Activos corrientes  <span class=\"_ _12b\"> </span>22.208 14.684 153.141 143.009 73.909 Activo <span class=\"_ _12c\"> </span>137.403 132.314 1.227.246 1.068.020 476.142 Pasivos no corrientes  <span class=\"_ _12d\"> </span>106.442 91.050 367.725 226.525 358.016 Pasivos corrientes <span class=\"_ _12b\"> </span>18.468 13.892 135.197 121.928 21.777 Pasivo <span class=\"_ _12e\"> </span>124.910 104.942 502.922 348.453 379.793 Patrimonio Neto <span class=\"_ _12f\"> </span>12.493 27.372 724.324 719.567 96.349 Ingresos  <span class=\"_ _130\"> </span>2.926 1.331 229.852 181.017 142.851 Gastos <span class=\"_ _131\"> </span>1.727 1.450 84.676 57.380 37.167 Resultado bruto de explotaci\u00f3n  <span class=\"_ _132\"> </span>1.199 (119)<span class=\"_ _29d\"> </span>145.176 123.637 105.684 Resultado despu\u00e9s de Impuestos <span class=\"_ _133\"> </span>(928)<span class=\"_ _29d\"> </span>117 42.662 55.375 56.636 Resultado atribuido a<span class=\"_ _1\"></span> Participaciones no dominantes <span class=\"_ _134\"> </span>(279)<span class=\"_ _29d\"> </span>26 4.697 5.631 12.038 15<span class=\"ff3\"> </span>Subvencion<span class=\"_ _1\"></span>es y otros co<span class=\"_ _1\"></span>bros ant<span class=\"_ _1\"></span>icipados no co<span class=\"_ _1\"></span>rriente<span class=\"_ _1\"></span>s  El <span class=\"_ _0\"></span>movimiento d<span class=\"_ _0\"></span>e las<span class=\"_ _0\"></span> Subven<span class=\"_ _0\"></span>ciones y <span class=\"_ _0\"></span>otros <span class=\"_ _0\"></span>cobros <span class=\"_ _0\"></span>anticipados <span class=\"_ _0\"></span>no <span class=\"_ _0\"></span>corrientes <span class=\"_ _0\"></span>en los<span class=\"_ _0\"></span> ejercici<span class=\"_ _0\"></span>os 2022<span class=\"_ _0\"></span> y <span class=\"_ _0\"></span>2021 <span class=\"_ _0\"></span>ha sido el siguiente:<span class=\"_ _29d\"> </span>Traspa-<span class=\"_ _29d\"> </span>Traspa-<span class=\"_ _29d\"> </span>Adicio-<span class=\"_ _29d\"> </span>Adicio-<span class=\"_ _29d\"> </span>sos a 31.12.2020<span class=\"_ _29d\"> </span>sos a re-<span class=\"_ _29d\"> </span>31.12.2021<span class=\"_ _29d\"> </span>Bajas 31.12.2022<span class=\"_ _29d\"> </span>nes nes resulta-<span class=\"_ _29d\"> </span>sultados<span class=\"_ _29d\"> </span>Miles de eur<span class=\"_ _1\"></span>os<span class=\"_ _29d\"> </span>dos<span class=\"_ _29d\"> </span>Subvenciones de  Capital y otros cobros anticipados 707.920<span class=\"_ _29d\"> </span>46.533<span class=\"_ _29d\"> </span>(28.451)<span class=\"_ _29d\"> </span>726.002<span class=\"_ _29d\"> </span>51.546 (619)<span class=\"_ _29d\"> </span>(30.431)<span class=\"_ _29d\"> </span>746.498<span class=\"_ _29d\"> </span>no corrientes  Dentro <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>Subvenciones <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>capital <span class=\"_ _c4\"></span>incluye <span class=\"_ _1\"></span>fundamentalmente <span class=\"_ _1\"></span>tanto <span class=\"_ _c4\"></span>las <span class=\"_ _c4\"></span>cantidades <span class=\"_ _1\"></span>recibidas <span class=\"_ _c4\"></span>por <span class=\"_ _1\"></span>Red <span class=\"_ _c4\"></span>El\u00e9c-<span class=\"_ _29d\"> </span>trica para <span class=\"_ _0\"></span>la con<span class=\"_ _0\"></span>strucci\u00f3n<span class=\"_ _0\"></span> de in<span class=\"_ _0\"></span>stalaciones e<span class=\"_ _0\"></span>l\u00e9ctricas como <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>Hispasat pa<span class=\"_ _0\"></span>ra la <span class=\"_ _0\"></span>construcci\u00f3n <span class=\"_ _0\"></span>de ac<span class=\"_ _0\"></span>tivos sate-<span class=\"_ _29d\"> </span>litales.   Dentro de Otras<span class=\"_ _0\"></span> subvencione<span class=\"_ _0\"></span>s y otros cobros anticip<span class=\"_ _0\"></span>ados, se incluyen las <span class=\"_ _0\"></span>deducciones en el impuesto <span class=\"_ _0\"></span>sobre sociedades <span class=\"_ _0\"></span>por inversion<span class=\"_ _0\"></span>es en<span class=\"_ _0\"></span> activos <span class=\"_ _0\"></span>fijos en <span class=\"_ _0\"></span>Canarias <span class=\"_ _0\"></span>que, po<span class=\"_ _0\"></span>r su <span class=\"_ _0\"></span>naturaleza, <span class=\"_ _0\"></span>son asimi<span class=\"_ _0\"></span>lables a<span class=\"_ _0\"></span> subvencio<span class=\"_ _0\"></span>-<span class=\"_ _29d\"> </span>nes <span class=\"_ _0\"></span>de capital <span class=\"_ _0\"></span>(v\u00e9ase<span class=\"_ _0\"></span> nota <span class=\"_ _0\"></span>2c). <span class=\"_ _0\"></span>Asimismo, <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>recogen <span class=\"_ _0\"></span>las can<span class=\"_ _0\"></span>tidades o<span class=\"_ _0\"></span> i<span class=\"_ _0\"></span>nstalaciones <span class=\"_ _0\"></span>t\u00e9cnicas <span class=\"_ _0\"></span>recibidas <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>el Grupo derivadas<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>de acu<span class=\"_ _0\"></span>erdos con terceros.   Los traspasos a r<span class=\"_ _1\"></span>esultado<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>se corresponden con la imputaci\u00f3n anual a <span class=\"_ _1\"></span>la Cuenta de resultados consolidada del ej<span class=\"_ _1\"></span>ercicio en <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>producen, en <span class=\"_ _1\"></span>funci\u00f3n de <span class=\"_ _1\"></span>la vida <span class=\"_ _c4\"></span>\u00fatil de <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>activos asociados <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>dichas <span class=\"_ _1\"></span>deduccio<span class=\"_ _0\"></span>nes <span class=\"_ _1\"></span>y acuerdos.  16<span class=\"ff3\"> <span class=\"_ _0\"></span><span class=\"ff7\">Provisiones n<span class=\"_ _1\"></span>o corrie<span class=\"_ _1\"></span>ntes y co<span class=\"_ _1\"></span>rriente<span class=\"_ _1\"></span>s </span></span>El <span class=\"_ _0\"></span>movimiento de <span class=\"_ _0\"></span>este ep<span class=\"_ _0\"></span>\u00edgrafe del <span class=\"_ _0\"></span>pasivo <span class=\"_ _0\"></span>del E<span class=\"_ _0\"></span>stado de<span class=\"_ _0\"></span> situaci\u00f3n <span class=\"_ _0\"></span>financiera <span class=\"_ _0\"></span>consolidado <span class=\"_ _0\"></span>adjunto dura<span class=\"_ _0\"></span>nte los<span class=\"_ _0\"></span> ejercicios 2022 y 202<span class=\"_ _0\"></span>1, se muestra a continuaci\u00f3<span class=\"_ _0\"></span>n:  Modifica-<span class=\"_ _29d\"> </span>P\u00e9rdidas y ci\u00f3n per\u00ed-<span class=\"_ _29d\"> </span>Diferen-<span class=\"_ _29d\"> </span>Aplicacio-<span class=\"_ _29d\"> </span>Traspa-<span class=\"_ _29d\"> </span>Ganancias 31.12.2021 <span class=\"_ _135\"> </span>Adiciones metro de cia de 31.12.2022 nes sos Actuaria-<span class=\"_ _29d\"> </span>consolida-<span class=\"_ _29d\"> </span>cambio les Miles de euros<span class=\"_ _29d\"> </span>ci\u00f3n<span class=\"_ _29d\"> </span>Provisiones<span class=\"_ _1\"></span> no corriente<span class=\"_ _1\"></span>s<span class=\"_ _29d\"> </span>Provisiones de perso<span class=\"_ _1\"></span>nal <span class=\"_ _136\"> </span>74.577 17.716 (1.649)<span class=\"_ _29d\"> </span>- (21.147)<span class=\"_ _29d\"> </span>- - 69.497 Otras provisiones<span class=\"_ _1\"></span> <span class=\"_ _f1\"> </span>55.388 14.560 (11.260)<span class=\"_ _29d\"> </span>- 11.269 368 70.325 Total no co<span class=\"_ _1\"></span>rriente <span class=\"_ _137\"> </span>129.965 32.276 (12.909)<span class=\"_ _29d\"> </span>- (21.147)<span class=\"_ _29d\"> </span>11.269 368 139.822 Provisiones<span class=\"_ _1\"></span> corrientes<span class=\"_ _29d\"> </span>Otras provisiones<span class=\"_ _1\"></span> <span class=\"_ _f1\"> </span>21.202 4.584 - 2.235 - - 2.515 30.536 Total corrient<span class=\"_ _1\"></span>e <span class=\"_ _138\"> </span>21.202 4.584 - 2.235 - - 2.515 30.536 Total Provision<span class=\"_ _1\"></span>es <span class=\"_ _139\"> </span>151.167<span class=\"_ _29d\"> </span>36.860<span class=\"_ _29d\"> </span>(12.909)<span class=\"_ _29d\"> </span>2.235<span class=\"_ _29d\"> </span>(21.147)<span class=\"_ _29d\"> </span>- 2.883<span class=\"_ _29d\"> </span>170.358<span class=\"_ _29d\"> </span>P\u00e9rdidas y Aplicacio-<span class=\"_ _29d\"> </span>Diferencia 31.12.2020 <span class=\"_ _ec\"> </span>Adiciones Traspasos Ganancias 31.12.2021 nes de cambio Actuariales Miles de eur<span class=\"_ _1\"></span>os<span class=\"_ _29d\"> </span>Provisiones<span class=\"_ _1\"></span> no corriente<span class=\"_ _1\"></span>s<span class=\"_ _29d\"> </span>Provisiones de perso<span class=\"_ _1\"></span>nal <span class=\"_ _13a\"> </span>81.723 6.268 (2.141)<span class=\"_ _29d\"> </span>(11.273)<span class=\"_ _29d\"> </span>74.577 Otras provisiones<span class=\"_ _1\"></span> <span class=\"_ _114\"> </span>54.263 8.578 (7.453)<span class=\"_ _29d\"> </span>- 55.388 Total no co<span class=\"_ _1\"></span>rriente <span class=\"_ _13b\"> </span><span class=\"ff3\">135.986 </span>14.846 (9.594)<span class=\"_ _29d\"> </span>- (11.273)<span class=\"_ _29d\"> </span>- 129.965 Provisiones<span class=\"_ _1\"></span> corrientes<span class=\"_ _29d\"> </span>Provisiones de perso<span class=\"_ _1\"></span>nal <span class=\"_ _13c\"> </span>- - - - - Otras provisiones<span class=\"_ _1\"></span> <span class=\"_ _114\"> </span>57.183 2.530 (947)<span class=\"_ _29d\"> </span>(37.925)<span class=\"_ _29d\"> </span>- 361 21.202 Total corrient<span class=\"_ _1\"></span>e <span class=\"_ _13d\"> </span><span class=\"ff3\">57.183 </span>2.530 (947)<span class=\"_ _29d\"> </span>(37.925)<span class=\"_ _29d\"> </span>- 361 21.202 Total Provision<span class=\"_ _1\"></span>es <span class=\"_ _13e\"> </span><span class=\"ff3\">193.169<span class=\"_ _29d\"> </span></span>17.376<span class=\"_ _29d\"> </span>(10.541)<span class=\"_ _29d\"> </span>(37.925)<span class=\"_ _29d\"> </span>(11.273)<span class=\"_ _29d\"> </span>361<span class=\"_ _29d\"> </span>151.167<span class=\"_ _29d\"> </span>Dentro <span class=\"_ _c4\"></span>del <span class=\"_ _c8\"></span>ep\u00edgrafe <span class=\"_ _c8\"></span>de <span class=\"_ _c4\"></span>Provisiones <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>personal <span class=\"_ _c4\"></span>se <span class=\"_ _c8\"></span>incluyen <span class=\"_ _c4\"></span>los <span class=\"_ _c8\"></span>planes <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>prestaci\u00f3n <span class=\"_ _c4\"></span>definida <span class=\"_ _c4\"></span>que <span class=\"_ _c8\"></span>recogen<span class=\"_ _0\"></span> principalmente <span class=\"_ _c4\"></span>los <span class=\"_ _c4\"></span>compromisos <span class=\"_ _c4\"></span>futuros, <span class=\"_ _1\"></span>fundamentalmente <span class=\"_ _c8\"></span>seguro<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>m\u00e9dico, <span class=\"_ _c4\"></span>asumidos <span class=\"_ _c4\"></span>por <span class=\"_ _c8\"></span>el <span class=\"_ _1\"></span>G<span class=\"_ _1\"></span>rupo <span class=\"_ _c4\"></span>con <span class=\"_ _c4\"></span>su personal <span class=\"_ _c4\"></span>desde <span class=\"_ _c2\"></span>el <span class=\"_ _c8\"></span>momento <span class=\"_ _c4\"></span>e<span class=\"_ _1\"></span>n <span class=\"_ _c8\"></span>que <span class=\"_ _c8\"></span>se <span class=\"_ _c8\"></span>jubile, <span class=\"_ _c8\"></span>calculados <span class=\"_ _c4\"></span>en <span class=\"_ _c8\"></span>base <span class=\"_ _c2\"></span>a <span class=\"_ _c8\"></span>estudios <span class=\"_ _c8\"></span>actuariales <span class=\"_ _c8\"></span>realizados <span class=\"_ _c4\"></span>por <span class=\"_ _c2\"></span>un experto independie<span class=\"_ _0\"></span>nte. El detalle de los mencio<span class=\"_ _0\"></span>nados planes de pres<span class=\"_ _0\"></span>taci\u00f3n definida, son los<span class=\"_ _0\"></span> siguientes: 31.12.2021 <span class=\"_ _5b\"> </span>Adic<span class=\"_ _0\"></span>iones <span class=\"_ _cb\"> </span>Aplicaciones<span class=\"_ _0\"></span> <span class=\"_ _cd\"> </span>Actuariales <span class=\"_ _13f\"> </span>31.12.2022 Miles de eur<span class=\"_ _1\"></span>os<span class=\"_ _29d\"> </span>Pasivo Largo Plazo Plan Prestaci<span class=\"_ _1\"></span>\u00f3n Definida<span class=\"fc0\"> <span class=\"_ _140\"> </span></span>70.372 3.011 (1.332)<span class=\"_ _29d\"> </span>(21.146)<span class=\"_ _29d\"> </span>50.905 31.12.2020 <span class=\"_ _5b\"> </span>Adic<span class=\"_ _0\"></span>iones <span class=\"_ _cb\"> </span>Aplicaciones<span class=\"_ _0\"></span> <span class=\"_ _cd\"> </span>Actuariales <span class=\"_ _13f\"> </span>31.12.2021 Miles de eur<span class=\"_ _1\"></span>os<span class=\"_ _29d\"> </span>Pasivo Largo Plazo Plan Prestaci<span class=\"_ _1\"></span>\u00f3n Definida<span class=\"fc0\"> <span class=\"_ _140\"> </span></span>80.823 2.621 (1.799)<span class=\"_ _29d\"> </span>(11.273)<span class=\"_ _29d\"> </span>70.372 En <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>ejercicios<span class=\"_ _0\"></span> 202<span class=\"_ _0\"></span>2 <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>2021 <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>incremento <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>st<span class=\"_ _1\"></span>\u00e1 <span class=\"_ _bf\"></span>motivado p<span class=\"_ _0\"></span>rincipalmente <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>el<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>evengo <span class=\"_ _0\"></span>anual, <span class=\"_ _0\"></span>as\u00ed <span class=\"_ _0\"></span>como <span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r la <span class=\"_ _c2\"></span>evoluci\u00f3n <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>las <span class=\"_ _c2\"></span>hip\u00f3tesis <span class=\"_ _c2\"></span>actuariales <span class=\"_ _c2\"></span>tomadas. <span class=\"_ _c2\"></span>Las <span class=\"_ _c2\"></span>adiciones <span class=\"_ _c2\"></span>se <span class=\"_ _c2\"></span>registran <span class=\"_ _c2\"></span>como <span class=\"_ _c2\"></span>Gastos <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>personal <span class=\"_ _c5\"></span>o<span class=\"_ _0\"></span> Gastos <span class=\"_ _bf\"></span>financieros, <span class=\"_ _bf\"></span>seg\u00fan <span class=\"_ _bf\"></span>sea <span class=\"_ _bf\"></span>su <span class=\"_ _bf\"></span>naturaleza<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>Los <span class=\"_ _bf\"></span>cambio<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>en<span class=\"_ _0\"></span> <span class=\"_ _bf\"></span>hip\u00f3tesis <span class=\"_ _bf\"></span>actuariales <span class=\"_ _bf\"></span>se <span class=\"_ _bf\"></span>registran <span class=\"_ _bf\"></span>en <span class=\"_ _bf\"></span>Reservas.  <span class=\"_ _0\"></span> El <span class=\"_ _0\"></span>importe <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>Gastos <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>personal recono<span class=\"_ _0\"></span>cido <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>ejercicio <span class=\"_ _0\"></span>2022 <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>Cue<span class=\"_ _0\"></span>nta de <span class=\"_ _bf\"></span>resultados <span class=\"_ _0\"></span>consolida<span class=\"_ _0\"></span>da p<span class=\"_ _0\"></span>or este concepto <span class=\"_ _1\"></span>asciende a 1.<span class=\"_ _1\"></span>026 miles <span class=\"_ _1\"></span>de euros (1.646 m<span class=\"_ _1\"></span>iles <span class=\"_ _1\"></span>de euros <span class=\"_ _1\"></span>en 2021), el <span class=\"_ _1\"></span>importe <span class=\"_ _1\"></span>de Gastos finan-<span class=\"_ _29d\"> </span>cieros <span class=\"_ _0\"></span>reconocido <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>ejercicio <span class=\"_ _0\"></span>2022 <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>Cuenta <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>resultados <span class=\"_ _0\"></span>consolid<span class=\"_ _0\"></span>ada <span class=\"_ _0\"></span>asciende <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>975 <span class=\"_ _0\"></span>miles <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>euros (975 miles de eu<span class=\"_ _0\"></span>ros en 2021)   En relaci\u00f3<span class=\"_ _0\"></span>n con la <span class=\"_ _0\"></span>variaci\u00f3n de <span class=\"_ _0\"></span>las p\u00e9<span class=\"_ _0\"></span>rdidas y g<span class=\"_ _0\"></span>anancias actua<span class=\"_ _0\"></span>riales en<span class=\"_ _0\"></span> 2022 han <span class=\"_ _0\"></span>supuesto u<span class=\"_ _0\"></span>na vari<span class=\"_ _0\"></span>aci\u00f3n por importe <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>-21.147<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>miles <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>euros <span class=\"_ _bf\"></span>(-<span class=\"_ _1\"></span>11.273 <span class=\"_ _0\"></span>mil<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>euros <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>2021<span class=\"_ _0\"></span>). <span class=\"_ _0\"></span>El <span class=\"_ _0\"></span>desglose <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>p\u00e9<span class=\"_ _0\"></span>rdidas <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>ganancia<span class=\"_ _0\"></span>s actuariales <span class=\"_ _0\"></span>registradas s<span class=\"_ _0\"></span>e deben a<span class=\"_ _0\"></span> cambios <span class=\"_ _0\"></span>en hip<span class=\"_ _0\"></span>\u00f3tesis financieras<span class=\"_ _0\"></span> por importe <span class=\"_ _0\"></span>de -2<span class=\"_ _0\"></span>0.296 miles <span class=\"_ _0\"></span>de euros<span class=\"_ _0\"></span> (-<span class=\"_ _29d\"> </span>5.670 mil<span class=\"_ _0\"></span>es de eu<span class=\"_ _0\"></span>ros en <span class=\"_ _0\"></span>2021) y a<span class=\"_ _0\"></span> cambios <span class=\"_ _0\"></span>en hip<span class=\"_ _0\"></span>\u00f3tesis demogr\u00e1<span class=\"_ _0\"></span>ficas por <span class=\"_ _0\"></span>un impo<span class=\"_ _0\"></span>rte de -851<span class=\"_ _0\"></span> miles <span class=\"_ _0\"></span>de euros<span class=\"_ _0\"></span> (de -5.603 miles de eu<span class=\"_ _0\"></span>ros en 2021)  Las hip\u00f3tesis utiliz<span class=\"_ _0\"></span>adas para el ejercicio 20<span class=\"_ _0\"></span>22 y 2021 han sido las siguie<span class=\"_ _0\"></span>ntes:  Hip\u00f3tesis actuariales 2022 <span class=\"_ _141\"> </span>2021 Tasa de descuento <span class=\"_ _142\"> </span><span class=\"fc1\">2,87% <span class=\"_ _143\"> </span>1,21% </span>Crecimiento coste  <span class=\"_ _144\"> </span><span class=\"fc1\">3,0% <span class=\"_ _132\"> </span>3,0% </span>Tabla supervivencia <span class=\"_ _145\"> </span><span class=\"fc1\">PERM/F2020 1er orden <span class=\"_ _86\"> </span>PERM/F2020 1er orden </span>El efecto que tendr\u00eda que t<span class=\"_ _1\"></span>endr\u00edan<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>un incremento<span class=\"_ _0\"></span>, y <span class=\"_ _1\"></span>una disminuci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _1\"></span>de un punto porcentual, en la variaci\u00f3n asumida respecto a los<span class=\"_ _0\"></span> costes de seguro m\u00e9dico<span class=\"_ _0\"></span> en 2022, ser\u00eda el que se <span class=\"_ _0\"></span>detalla a continuaci\u00f3n:  2022 Crecimiento coste se-<span class=\"_ _29d\"> </span>Crecimiento coste guro m\u00e9dico (+1%)<span class=\"_ _0\"></span> <span class=\"_ _22d\"></span>Sensibilidad seguro m\u00e9dico (-1%)<span class=\"_ _29d\"> </span>Sensibilidad Miles de eur<span class=\"_ _1\"></span>os<span class=\"_ _29d\"> </span>4%<span class=\"_ _29d\"> </span>3%<span class=\"_ _29d\"> </span>2%<span class=\"_ _29d\"> </span>3%<span class=\"_ _29d\"> </span>Coste de los servicios del ejercicio actual <span class=\"_ _10b\"> </span>1.187 916 271 714 916 (202)<span class=\"_ _29d\"> </span>Coste por intereses del coste del seguro m\u00e9dico  1.771 1.767 4 1.764 1.767 (3)<span class=\"_ _29d\"> </span>post-empleo neto Obligaciones acumuladas por prestaciones post-empleo  54.512 44.471 10.041 36.701 44.471 (7.770)<span class=\"_ _29d\"> </span>derivadas del coste seguro m\u00e9dico Por <span class=\"_ _c2\"></span>otra <span class=\"_ _c5\"></span>parte, <span class=\"_ _c2\"></span>el <span class=\"_ _c2\"></span>efecto <span class=\"_ _c2\"></span>que <span class=\"_ _c5\"></span>tendr\u00eda <span class=\"_ _c5\"></span>una<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>dismin<span class=\"_ _0\"></span>uci\u00f3n <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>medio <span class=\"_ _c2\"></span>punto <span class=\"_ _c2\"></span>porcentual <span class=\"_ _c5\"></span>en <span class=\"_ _c2\"></span>el <span class=\"_ _c2\"></span>tipo <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>descuento utilizado <span class=\"_ _c8\"></span>en <span class=\"_ _c8\"></span>2022 <span class=\"_ _c2\"></span>como <span class=\"_ _c8\"></span>hip\u00f3tesis <span class=\"_ _c2\"></span>actuarial, <span class=\"_ _c8\"></span>pasando <span class=\"_ _c8\"></span>del <span class=\"_ _c8\"></span>2,87% <span class=\"_ _c2\"></span>al <span class=\"_ _c2\"></span>2,37%<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span> <span class=\"_ _c8\"></span>respecto <span class=\"_ _c8\"></span>a <span class=\"_ _c2\"></span>los <span class=\"_ _c8\"></span>costes <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>seguro<span class=\"_ _0\"></span> m\u00e9dico, en miles de eu<span class=\"_ _0\"></span>ros, es el que se detall<span class=\"_ _0\"></span>a a continuaci\u00f3n:<span class=\"_ _29d\"> </span>2022  Tasa de descuento Sensibilidad Miles de euros<span class=\"_ _29d\"> </span>2,87% <span class=\"_ _a3\"> </span>2,3<span class=\"_ _1\"></span>7% Coste de los servicios del ejercicio actual <span class=\"_ _a9\"> </span>916 1.040 124 Coste por intereses del coste sanitario post-empleo neto <span class=\"_ _146\"> </span>1.767 1.461 (306)<span class=\"_ _29d\"> </span>Obligaciones acumuladas por prestaciones post-empleo derivadas<span class=\"_ _1\"></span> del coste seguro 44.471 49.076 4.605 m\u00e9dico Adiciona<span class=\"_ _0\"></span>lmente, tambi\u00e9n se <span class=\"_ _0\"></span>incluyen en el <span class=\"_ _0\"></span>ep\u00edgrafe Provisi<span class=\"_ _0\"></span>ones de person<span class=\"_ _0\"></span>al los pla<span class=\"_ _0\"></span>nes de retribuci\u00f3n a<span class=\"_ _0\"></span> largo plazo <span class=\"_ _1\"></span>y <span class=\"_ _c4\"></span>ot<span class=\"_ _1\"></span>ras <span class=\"_ _1\"></span>obligaciones <span class=\"_ _1\"></span>(v\u00e9ase <span class=\"_ _c4\"></span>nota <span class=\"_ _1\"></span>4 <span class=\"_ _c4\"></span>l). <span class=\"_ _c4\"></span>A <span class=\"_ _c4\"></span>31 <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>diciembre <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>2022 <span class=\"_ _1\"></span>se <span class=\"_ _c4\"></span>han <span class=\"_ _c4\"></span>reconocido <span class=\"_ _1\"></span>en <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>Cuenta <span class=\"_ _1\"></span>de resultados consolidada <span class=\"_ _1\"></span>como <span class=\"_ _1\"></span>Gastos <span class=\"_ _1\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>personal, <span class=\"_ _1\"></span>por <span class=\"_ _1\"></span>estos conceptos, <span class=\"_ _1\"></span>13.281 <span class=\"_ _1\"></span>miles <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>euros<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>(2.138 miles de euros en 2021). <span class=\"_ _0\"></span> El ep\u00edgrafe Otras provisi<span class=\"_ _0\"></span>ones recoge fundamentalmente los i<span class=\"_ _0\"></span>mportes dotados en cada eje<span class=\"_ _0\"></span>rcicio por el Grupo para cubrir eventuales resultados desfavorables relativos a pr<span class=\"_ _1\"></span>ocedimien<span class=\"_ _0\"></span>tos adm<span class=\"_ _1\"></span>inistrativos<span class=\"_ _0\"></span>, <span class=\"_ _1\"></span>expedie<span class=\"_ _0\"></span>ntes <span class=\"_ _1\"></span>ad-<span class=\"_ _29d\"> </span>ministrativos sancio<span class=\"_ _0\"></span>nadores y <span class=\"_ _0\"></span>a procedimien<span class=\"_ _0\"></span>tos contencioso<span class=\"_ _0\"></span>-administrativo<span class=\"_ _0\"></span>s,<span class=\"_ _1\"></span> p<span class=\"_ _0\"></span>rincipalmente conce<span class=\"_ _0\"></span>rnientes a<span class=\"_ _0\"></span> procedimientos <span class=\"_ _bf\"></span>expropiatorios, <span class=\"_ _bf\"></span>y <span class=\"_ _0\"></span>reclamaciones<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>extrajudiciale<span class=\"_ _0\"></span>s, <span class=\"_ _0\"></span>entre <span class=\"_ _bf\"></span>otros. <span class=\"_ _0\"></span>Los <span class=\"_ _bf\"></span>im<span class=\"_ _1\"></span>po<span class=\"_ _0\"></span>rtes <span class=\"_ _0\"></span>dotados <span class=\"_ _bf\"></span>que <span class=\"_ _0\"></span>cubre<span class=\"_ _0\"></span>n estos <span class=\"_ _c4\"></span>eventos <span class=\"_ _c4\"></span>son <span class=\"_ _1\"></span>valorados <span class=\"_ _c4\"></span>en <span class=\"_ _c4\"></span>base <span class=\"_ _c4\"></span>al <span class=\"_ _c4\"></span>contenido <span class=\"_ _c4\"></span>econ\u00f3mico <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>los <span class=\"_ _c4\"></span>recursos, <span class=\"_ _c4\"></span>litigios, <span class=\"_ _1\"></span>reclamaciones <span class=\"_ _c4\"></span>y, <span class=\"_ _c4\"></span>en general, la<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>cciones <span class=\"_ _0\"></span>judiciales <span class=\"_ _0\"></span>o ex<span class=\"_ _0\"></span>trajudiciales <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>est\u00e1n ac<span class=\"_ _0\"></span>tualmente en<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>tramitaci\u00f3n y<span class=\"_ _0\"></span> de<span class=\"_ _0\"></span> los <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>son <span class=\"_ _0\"></span>parte las sociedades del Grup<span class=\"_ _0\"></span>o.   En <span class=\"_ _0\"></span>2022 se <span class=\"_ _0\"></span>ha in<span class=\"_ _0\"></span>cluido en<span class=\"_ _0\"></span> modificaciones <span class=\"_ _0\"></span>del p<span class=\"_ _0\"></span>er\u00edmetro d<span class=\"_ _0\"></span>e consoli<span class=\"_ _0\"></span>daci\u00f3n <span class=\"_ _0\"></span>las provision<span class=\"_ _0\"></span>es correspon<span class=\"_ _0\"></span>dientes al<span class=\"_ _0\"></span> valor <span class=\"_ _c4\"></span>razonable <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>los <span class=\"_ _c8\"></span>pasivos <span class=\"_ _c4\"></span>contingentes <span class=\"_ _c4\"></span>legal<span class=\"_ _0\"></span>es <span class=\"_ _c8\"></span>y <span class=\"_ _c4\"></span>fiscales <span class=\"_ _c8\"></span>identificad<span class=\"_ _0\"></span>os <span class=\"_ _c8\"></span>en <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>combinaci\u00f3n <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>negocios<span class=\"_ _0\"></span> de Axess (ver nota 6<span class=\"_ _0\"></span>).  Asimismo, <span class=\"_ _1\"></span>se <span class=\"_ _c4\"></span>recogen <span class=\"_ _1\"></span>provisiones <span class=\"_ _1\"></span>corr<span class=\"_ _1\"></span>espondiente<span class=\"_ _0\"></span>s <span class=\"_ _c4\"></span>al <span class=\"_ _c4\"></span>valor <span class=\"_ _c4\"></span>razonable <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>los <span class=\"_ _1\"></span>pasivos <span class=\"_ _c4\"></span>contingentes <span class=\"_ _1\"></span>identifi-<span class=\"_ _29d\"> </span>cados en<span class=\"_ _0\"></span> la co<span class=\"_ _0\"></span>mbinaci\u00f3n de<span class=\"_ _0\"></span> negocios<span class=\"_ _0\"></span> de l<span class=\"_ _0\"></span>a adquisici<span class=\"_ _0\"></span>\u00f3n del Subg<span class=\"_ _0\"></span>rupo Hi<span class=\"_ _0\"></span>spasat fundamenta<span class=\"_ _0\"></span>lmente asocia<span class=\"_ _0\"></span>dos a contingencias legale<span class=\"_ _0\"></span>s y f<span class=\"_ _1\"></span>iscales<span class=\"_ _0\"></span> en Brasil que permanecen<span class=\"_ _0\"></span> pendientes de resoluci\u00f3<span class=\"_ _0\"></span>n.   Al <span class=\"_ _1\"></span>cierre <span class=\"_ _c4\"></span>del <span class=\"_ _1\"></span>ejercicio <span class=\"_ _c4\"></span>2022, <span class=\"_ _1\"></span>el <span class=\"_ _c4\"></span>Grupo <span class=\"_ _1\"></span>tiene <span class=\"_ _c4\"></span>abiertos <span class=\"_ _1\"></span>una <span class=\"_ _1\"></span>serie <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>procedimientos<span class=\"_ _0\"></span>, <span class=\"_ _c4\"></span>principalmente <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>materia contencioso\u2013adminis<span class=\"_ _0\"></span>trativa <span class=\"_ _c8\"></span>y <span class=\"_ _c4\"></span>sancionadora.<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>Se <span class=\"_ _c4\"></span>han <span class=\"_ _c8\"></span>valorado <span class=\"_ _1\"></span>los <span class=\"_ _c4\"></span>r<span class=\"_ _1\"></span>iesgos <span class=\"_ _1\"></span>y <span class=\"_ _c8\"></span>no <span class=\"_ _c8\"></span>se <span class=\"_ _c4\"></span>espera <span class=\"_ _c4\"></span>que <span class=\"_ _c4\"></span>se <span class=\"_ _c8\"></span>produzcan<span class=\"_ _0\"></span> hechos que supongan pa<span class=\"_ _0\"></span>sivos no contemplados en los Estados Financie<span class=\"_ _0\"></span>ros del Grupo o que afecten signifi-<span class=\"_ _29d\"> </span>cativamente a los <span class=\"_ _0\"></span>resultados de Redeia. <span class=\"_ _0\"></span> 17<span class=\"ff3\"> </span>Otros pasivos n<span class=\"_ _1\"></span>o corrientes La <span class=\"_ _c5\"></span>partida <span class=\"_ _c5\"></span>Otros <span class=\"_ _c5\"> </span>pasivos <span class=\"_ _c5\"></span>no <span class=\"_ _c5\"></span>corrientes <span class=\"_ _c5\"></span>incluye <span class=\"_ _c2\"></span>fundamentalmente <span class=\"_ _c5\"></span>pasivos <span class=\"_ _c5\"></span>por <span class=\"_ _c5\"></span>contratos <span class=\"_ _c5\"></span>de<span class=\"_ _0\"></span>rivados <span class=\"_ _c5\"> </span>de <span class=\"_ _c5\"> </span>los cobros anticipados por <span class=\"_ _1\"></span>los acuerdos firmados con diversos <span class=\"_ _1\"></span>operadores de telecomunicacio<span class=\"_ _0\"></span>nes <span class=\"_ _1\"></span>por la cesi\u00f3n de <span class=\"_ _0\"></span>uso<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _bf\"></span>capacidad <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>la <span class=\"_ _0\"></span>red <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>telecomunicacione<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>se <span class=\"_ _bf\"></span>imputa <span class=\"_ _0\"></span>a <span class=\"_ _bf\"></span>la <span class=\"_ _0\"></span>Cuenta <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>resultados <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>solidada en <span class=\"_ _1\"></span>fu<span class=\"_ _1\"></span>nci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>duraci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>dichos <span class=\"_ _1\"></span>acuerdos, <span class=\"_ _c4\"></span>con <span class=\"_ _1\"></span>unos <span class=\"_ _c4\"></span>plazos <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>vencimiento <span class=\"_ _1\"></span>hasta <span class=\"_ _c4\"></span>2046, <span class=\"_ _1\"></span>por <span class=\"_ _c4\"></span>importe <span class=\"_ _c4\"></span>de<span class=\"_ _0\"></span> 32.812 <span class=\"_ _c5\"></span>miles <span class=\"_ _c5\"></span>de <span class=\"_ _c5\"></span>euros <span class=\"_ _c2\"></span>a <span class=\"_ _c5\"> </span>31 <span class=\"_ _c0\"> </span>de <span class=\"_ _c5\"></span>diciembre <span class=\"_ _c5\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _c0\"> </span>202<span class=\"_ _0\"></span>2 <span class=\"_ _c5\"> </span>(26.<span class=\"_ _1\"></span>714 <span class=\"_ _c2\"></span>miles <span class=\"_ _c5\"> </span>de <span class=\"_ _c5\"> </span>euros, <span class=\"_ _c5\"> </span>a <span class=\"_ _c5\"> </span>31 <span class=\"_ _c5\"> </span>de <span class=\"_ _c5\"> </span>diciembre <span class=\"_ _c5\"></span>de <span class=\"_ _c5\"></span>2021). Tambi\u00e9n se incluyen a 31 de diciembre de 2022 en este ep\u00edgrafe 29.687 miles de euros cobros de anticipos a <span class=\"_ _0\"></span>cuenta <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>futuras <span class=\"_ _0\"></span>prest<span class=\"_ _0\"></span>aciones <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>servi<span class=\"_ _0\"></span>cios <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>capa<span class=\"_ _0\"></span>cidad <span class=\"_ _0\"></span>satelital <span class=\"_ _0\"></span>(23<span class=\"_ _0\"></span>.716 <span class=\"_ _0\"></span>miles <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>euros <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>31 <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>diciembre de 2021).   Asimismo, <span class=\"_ _bf\"></span>se <span class=\"_ _0\"></span>incluyen<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>en <span class=\"_ _bf\"></span>este <span class=\"_ _bf\"></span>ep\u00edgrafe <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>os <span class=\"_ _0\"></span>pasivos<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>no <span class=\"_ _bf\"></span>corrientes <span class=\"_ _0\"></span>deriv<span class=\"_ _0\"></span>ados <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _bf\"></span>compensaciones <span class=\"_ _bf\"></span>abonadas<span class=\"_ _0\"></span> por <span class=\"_ _1\"></span>\u00c9lectricit\u00e9 de <span class=\"_ _c4\"></span>France (en <span class=\"_ _1\"></span>adelante, <span class=\"_ _1\"></span>EDF), en <span class=\"_ _1\"></span>virtud <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>acuerdo <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>adaptaci\u00f3n <span class=\"_ _1\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>los contratos <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>sumi-<span class=\"_ _29d\"> </span>nistro <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>energ<span class=\"_ _0\"></span>\u00eda e<span class=\"_ _0\"></span>l\u00e9ctrica, <span class=\"_ _0\"></span>suscrito<span class=\"_ _0\"></span> en<span class=\"_ _0\"></span> 1<span class=\"_ _0\"></span>997, <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>importe <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>23.625 <span class=\"_ _0\"></span>miles <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e eu<span class=\"_ _0\"></span>ros <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>31 <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>diciemb<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>2022<span class=\"_ _0\"></span> y <span class=\"_ _c8\"></span>2021,<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>que <span class=\"_ _c4\"></span>siendo <span class=\"_ _c8\"></span>compromisos<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>plurianuales<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>podr\u00edan <span class=\"_ _c4\"></span>estar <span class=\"_ _c4\"></span>condicionad<span class=\"_ _0\"></span>os <span class=\"_ _c8\"></span>a <span class=\"_ _c4\"></span>la <span class=\"_ _c8\"></span>construcci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>de <span class=\"_ _c4\"></span>instalacio-<span class=\"_ _29d\"> </span>nes.<span class=\"_ _29d\"> </span>18<span class=\"ff3\"> <span class=\"_ _0\"></span><span class=\"ff7\">Pol\u00edtica d<span class=\"_ _1\"></span>e gesti\u00f3n<span class=\"_ _1\"></span> del riesgo <span class=\"_ _1\"></span>financiero<span class=\"_ _1\"></span> </span></span>La <span class=\"_ _1\"></span>Pol\u00edtica <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>gesti\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>riesgos <span class=\"_ _c4\"></span>del Grupo <span class=\"_ _1\"></span>tiene <span class=\"_ _1\"></span>por <span class=\"_ _1\"></span>objeto <span class=\"_ _1\"></span>est<span class=\"_ _1\"></span>ablecer los <span class=\"_ _1\"></span>principios <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>directrices <span class=\"_ _1\"></span>para <span class=\"_ _1\"></span>ase-<span class=\"_ _29d\"> </span>gurar que <span class=\"_ _1\"></span>los riesgos relevantes, que <span class=\"_ _1\"></span>pudieran afectar a los obj<span class=\"_ _1\"></span>etivos y <span class=\"_ _1\"></span>activida<span class=\"_ _0\"></span>des de <span class=\"_ _1\"></span>Redeia, sean identifi-<span class=\"_ _29d\"> </span>cados, <span class=\"_ _c4\"></span>analizados<span class=\"_ _0\"></span>, <span class=\"_ _c4\"></span>evaluados, <span class=\"_ _1\"></span>gestionados <span class=\"_ _1\"></span>y <span class=\"_ _c4\"></span>controlados, <span class=\"_ _1\"></span>y <span class=\"_ _c4\"></span>que <span class=\"_ _1\"></span>estos <span class=\"_ _c4\"></span>procesos <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>realizan <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>forma <span class=\"_ _c4\"></span>siste-<span class=\"_ _29d\"> </span>m\u00e1tica y con criterios<span class=\"_ _0\"></span> uniformes.   Las directrices<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>principale<span class=\"_ _0\"></span>s, <span class=\"_ _1\"></span>con<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>enidas en<span class=\"_ _0\"></span> esta pol\u00edtica, se pueden <span class=\"_ _0\"></span>resumir en:   <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">La <span class=\"_ _1\"></span>gesti\u00f3n de los riesgos debe ser fundamen<span class=\"_ _0\"></span>talmente anticipativa, orient\u00e1n<span class=\"_ _0\"></span>dose tambi\u00e9n al medio y largo </span></span>plazo y teniendo en <span class=\"_ _0\"></span>cuenta los escenarios po<span class=\"_ _0\"></span>sibles en un entorno cada<span class=\"_ _0\"></span> vez m\u00e1s globalizado.   <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Con car\u00e1cter general, la ge<span class=\"_ _0\"></span>sti\u00f3n de los riesgos<span class=\"_ _0\"></span> debe realizarse con<span class=\"_ _0\"></span> criterios de coherenci<span class=\"_ _0\"></span>a entre la impor-<span class=\"_ _29d\"> </span></span></span>tancia del riesgo (p<span class=\"_ _0\"></span>robabilidad/impacto) y la inve<span class=\"_ _0\"></span>rsi\u00f3n y medios necesario<span class=\"_ _0\"></span>s para reducirl<span class=\"_ _0\"></span>o.   <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">La <span class=\"_ _1\"></span>gesti\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>los riesgos f<span class=\"_ _1\"></span>inancieros debe orientarse <span class=\"_ _1\"></span>a evitar <span class=\"_ _1\"></span>variaciones no <span class=\"_ _1\"></span>deseadas en <span class=\"_ _1\"></span>el valor <span class=\"_ _1\"></span>funda-<span class=\"_ _29d\"> </span></span></span>mental del Grupo, no <span class=\"_ _0\"></span>teniendo como objeto obten<span class=\"_ _0\"></span>er beneficios extraordina<span class=\"_ _0\"></span>rios.  Los <span class=\"_ _0\"></span>respo<span class=\"_ _0\"></span>nsables <span class=\"_ _0\"></span>financie<span class=\"_ _0\"></span>ros <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>Redeia <span class=\"_ _bf\"></span>son <span class=\"_ _0\"></span>los <span class=\"_ _bf\"></span>encargados <span class=\"_ _bf\"></span>de g<span class=\"_ _0\"></span>estionar <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>os <span class=\"_ _0\"></span>riesgos <span class=\"_ _bf\"></span>financieros, <span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>egurando su coheren<span class=\"_ _0\"></span>cia con la<span class=\"_ _0\"></span> estrategia <span class=\"_ _0\"></span>del Grupo <span class=\"_ _0\"></span>y coordin<span class=\"_ _0\"></span>ando la ges<span class=\"_ _0\"></span>ti\u00f3n de l<span class=\"_ _0\"></span>os mismos <span class=\"_ _0\"></span>en las d<span class=\"_ _0\"></span>istintas empresas<span class=\"_ _0\"></span>, identificando <span class=\"_ _c8\"></span>los <span class=\"_ _c2\"></span>principale<span class=\"_ _0\"></span>s <span class=\"_ _c2\"></span>r<span class=\"_ _1\"></span>iesgos<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>financieros <span class=\"_ _c8\"></span>y <span class=\"_ _c2\"></span>definiendo <span class=\"_ _c8\"></span>las <span class=\"_ _c2\"></span>actuaciones <span class=\"_ _c2\"></span>sobre <span class=\"_ _c8\"></span>los <span class=\"_ _c2\"></span>mismos <span class=\"_ _c8\"></span>en <span class=\"_ _c2\"></span>base <span class=\"_ _c2\"></span>al<span class=\"_ _0\"></span> establecimiento de distin<span class=\"_ _0\"></span>tos escenarios financie<span class=\"_ _0\"></span>ros.  La metodolog\u00eda para la identificaci\u00f3n, medici\u00f3n, seguimien<span class=\"_ _0\"></span>to y<span class=\"_ _1\"></span> control de estos riesgos, as\u00ed como los indica-<span class=\"_ _29d\"> </span>dores <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>gesti\u00f3n <span class=\"_ _c4\"></span>y <span class=\"_ _1\"></span>las <span class=\"_ _c4\"></span>herramientas <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>edici\u00f3n <span class=\"_ _1\"></span>y <span class=\"_ _c4\"></span>control <span class=\"_ _1\"></span>espec\u00edficos <span class=\"_ _1\"></span>para <span class=\"_ _c4\"></span>cada <span class=\"_ _1\"></span>riesgo, <span class=\"_ _1\"></span>est<span class=\"_ _1\"></span>\u00e1n <span class=\"_ _1\"></span>implantadas en <span class=\"_ _c5\"></span>el <span class=\"_ _c5\"></span>Sistema <span class=\"_ _c5\"></span>de <span class=\"_ _c5\"></span>Gesti\u00f3n <span class=\"_ _c5\"></span>Integral <span class=\"_ _c5\"></span>de <span class=\"_ _c5\"></span>Riesgos <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"> </span>Redeia, <span class=\"_ _c5\"> </span>y <span class=\"_ _c5\"> </span>su <span class=\"_ _c5\"> </span>formalizaci\u00f3n <span class=\"_ _c5\"></span>se <span class=\"_ _c5\"></span>recoge <span class=\"_ _c5\"> </span>en <span class=\"_ _c5\"></span>la <span class=\"_ _c5\"> </span>Pol\u00edtica <span class=\"_ _c5\"></span>de Gesti\u00f3n Integral de Ri<span class=\"_ _0\"></span>esgos y en el Procedimie<span class=\"_ _0\"></span>nto General de Gesti\u00f3n y<span class=\"_ _0\"></span> control integral de riesgos<span class=\"_ _0\"></span>.  Los riesgos financieros<span class=\"_ _0\"></span> a que est\u00e1 expuesto el <span class=\"_ _0\"></span>Grupo son:  a) <span class=\"_ _c7\"> </span>Riesgo de mercado <span class=\"_ _0\"></span><span class=\"ff3 fc1\"> </span>Corresponde a va<span class=\"_ _0\"></span>riaciones en la<span class=\"_ _0\"></span> situaci\u00f3n de lo<span class=\"_ _0\"></span>s mercados finan<span class=\"_ _0\"></span>cieros en relaci\u00f3<span class=\"_ _0\"></span>n a los precio<span class=\"_ _0\"></span>s, los tipos<span class=\"_ _0\"></span> de inter\u00e9s <span class=\"_ _c4\"></span>y <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>cambio, <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>condiciones <span class=\"_ _1\"></span>crediticias, <span class=\"_ _c4\"></span>o <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>otras <span class=\"_ _c4\"></span>variables <span class=\"_ _1\"></span>que <span class=\"_ _c4\"></span>puedan <span class=\"_ _1\"></span>af<span class=\"_ _1\"></span>ectar <span class=\"_ _1\"></span>a <span class=\"_ _c4\"></span>los <span class=\"_ _c4\"></span>costes <span class=\"_ _1\"></span>finan-<span class=\"_ _29d\"> </span>cieros a corto, a medio<span class=\"_ _0\"></span> o a largo plazo.  La gesti\u00f3n <span class=\"_ _0\"></span>de estos riesg<span class=\"_ _0\"></span>os se realiza tan<span class=\"_ _0\"></span>to sobre las <span class=\"_ _0\"></span>operaciones de end<span class=\"_ _0\"></span>eudamiento a <span class=\"_ _0\"></span>realizar, su moneda<span class=\"_ _0\"></span>, plazo y<span class=\"_ _0\"></span> tipo de<span class=\"_ _0\"></span> inter\u00e9s, <span class=\"_ _0\"></span>como a<span class=\"_ _0\"></span> trav\u00e9s d<span class=\"_ _0\"></span>e la u<span class=\"_ _0\"></span>tilizaci\u00f3n de<span class=\"_ _0\"></span> instrumen<span class=\"_ _0\"></span>tos financieros <span class=\"_ _0\"></span>de co<span class=\"_ _0\"></span>bertura que<span class=\"_ _0\"></span> permitan<span class=\"_ _0\"></span> modificar <span class=\"_ _c4\"></span>las <span class=\"_ _c4\"></span>caracter\u00edsticas <span class=\"_ _1\"></span>de <span class=\"_ _c8\"></span>la <span class=\"_ _c4\"></span>estructura <span class=\"_ _1\"></span>financiera. <span class=\"_ _c4\"></span>Dentro <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>los <span class=\"_ _c8\"></span>riesgos <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>mercado <span class=\"_ _c4\"></span>destacan <span class=\"_ _c4\"></span>funda-<span class=\"_ _29d\"> </span>mentalmente:   <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\"> Riesgo de tipo de inter\u00e9s  </span></span>Las <span class=\"_ _c4\"></span>variaciones <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>los <span class=\"_ _c4\"></span>tipos <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>inter\u00e9s <span class=\"_ _1\"></span>modifican <span class=\"_ _1\"></span>el <span class=\"_ _c4\"></span>valor <span class=\"_ _c4\"></span>razonable <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>los <span class=\"_ _c4\"></span>activos <span class=\"_ _c4\"></span>y <span class=\"_ _1\"></span>pasivos <span class=\"_ _c4\"></span>que <span class=\"_ _1\"></span>devengan un <span class=\"_ _1\"></span>tipo <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>inter\u00e9s <span class=\"_ _1\"></span>fijo, <span class=\"_ _1\"></span>as\u00ed <span class=\"_ _1\"></span>como <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>lujos futur<span class=\"_ _1\"></span>os de <span class=\"_ _c4\"></span>los <span class=\"_ _1\"></span>activos <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>pasivos r<span class=\"_ _1\"></span>eferenciados <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>tipo <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>inter\u00e9s variable. La estructura<span class=\"_ _0\"></span> de la Deuda financie<span class=\"_ _0\"></span>ra a 31 de diciemb<span class=\"_ _0\"></span>re de 2022 y 2021, es la siguien<span class=\"_ _0\"></span>te:  2022 <span class=\"_ _87\"> </span>2021 Tipo  Tipo  Tipo fijo Tipo fijo Miles de euros<span class=\"_ _29d\"> </span>variable variable<span class=\"_ _29d\"> </span>Emisiones a largo plazo <span class=\"_ _147\"> </span>3.685.453 14.954 3.966.864<span class=\"_ _29d\"> </span>14.947 Deuda bancaria a largo plazo <span class=\"_ _148\"> </span>1.136.744 626.658 1.041.714<span class=\"_ _29d\"> </span>857.729 Emisiones a corto plazo <span class=\"_ _149\"> </span>305.623 - 405.027<span class=\"_ _29d\"> </span>- Deuda bancaria a corto plazo  <span class=\"_ _14a\"> </span>331.009 43.231 418.292<span class=\"_ _29d\"> </span>517.734 Total Deuda financiera (bruta) <span class=\"_ _14b\"> </span>5.458.829 684.843 5.831.897<span class=\"_ _29d\"> </span>1.390.409 Porcentaje <span class=\"_ _e9\"> </span>89%<span class=\"_ _29d\"> </span>11%<span class=\"_ _29d\"> </span>81%<span class=\"_ _29d\"> </span>19%<span class=\"_ _29d\"> </span>La <span class=\"_ _0\"></span>estructura de<span class=\"_ _0\"></span> la <span class=\"_ _0\"></span>Deuda <span class=\"_ _0\"></span>financiera <span class=\"_ _0\"></span>refleja u<span class=\"_ _0\"></span>n pe<span class=\"_ _0\"></span>rfil de <span class=\"_ _0\"></span>riesgo <span class=\"_ _0\"></span>bajo, <span class=\"_ _0\"></span>con u<span class=\"_ _0\"></span>na <span class=\"_ _0\"></span>moderada exp<span class=\"_ _0\"></span>osici\u00f3n <span class=\"_ _0\"></span>a va<span class=\"_ _0\"></span>riacio-<span class=\"_ _29d\"> </span>nes <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>tipos <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>inter\u00e9<span class=\"_ _0\"></span>s, con<span class=\"_ _0\"></span>secuencia <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>pol<span class=\"_ _0\"></span>\u00edtica de<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>endeudamiento <span class=\"_ _0\"></span>lle<span class=\"_ _0\"></span>vada <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>cabo, <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>tiene <span class=\"_ _0\"></span>entre <span class=\"_ _0\"></span>sus<span class=\"_ _0\"></span> objetivos <span class=\"_ _c4\"></span>adecuar <span class=\"_ _c8\"></span>el <span class=\"_ _c8\"></span>coste <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>la <span class=\"_ _c8\"></span>deuda <span class=\"_ _c4\"></span>a <span class=\"_ _c2\"></span>la <span class=\"_ _c4\"></span>ta<span class=\"_ _1\"></span>sa <span class=\"_ _c4\"></span>de <span class=\"_ _c2\"></span>retribuci\u00f3n <span class=\"_ _c4\"></span>financiera <span class=\"_ _c8\"></span>aplicada <span class=\"_ _c4\"></span>a <span class=\"_ _c2\"></span>los <span class=\"_ _c4\"></span>a<span class=\"_ _1\"></span>ctivos <span class=\"_ _c4\"></span>del <span class=\"_ _c8\"></span>Grupo sometidos a regula<span class=\"_ _0\"></span>ci\u00f3n.<span class=\"_ _29d\"> </span>  El <span class=\"_ _1\"></span>riesgo <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>tipo <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>inter\u00e9s <span class=\"_ _c4\"></span>al <span class=\"_ _1\"></span>que <span class=\"_ _c4\"></span>el <span class=\"_ _1\"></span>G<span class=\"_ _1\"></span>rupo <span class=\"_ _c4\"></span>est\u00e1 <span class=\"_ _1\"></span>expuesto <span class=\"_ _c4\"></span>a <span class=\"_ _1\"></span>31 <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>diciembre <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>2022 <span class=\"_ _1\"></span>y <span class=\"_ _c4\"></span>2021 <span class=\"_ _c4\"></span>afecta <span class=\"_ _1\"></span>funda-<span class=\"_ _29d\"> </span>mentalmente <span class=\"_ _c4\"></span>al <span class=\"_ _c4\"></span>Patrimonio <span class=\"_ _c4\"></span>neto <span class=\"_ _c8\"></span>del <span class=\"_ _c4\"></span>ejercicio, <span class=\"_ _c4\"></span>como <span class=\"_ _c8\"></span>consecuencia <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>cambios <span class=\"_ _c4\"></span>en <span class=\"_ _c4\"></span>el <span class=\"_ _c8\"></span>valor <span class=\"_ _c4\"></span>r<span class=\"_ _1\"></span>azon<span class=\"_ _0\"></span>able <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>los instrumentos <span class=\"_ _1\"></span>financieros<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>derivados, no <span class=\"_ _c4\"></span>vi\u00e9ndose alterado <span class=\"_ _c4\"></span>el r<span class=\"_ _1\"></span>esultado consolidado <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>ejercicio. <span class=\"_ _1\"></span>A <span class=\"_ _1\"></span>continua-<span class=\"_ _29d\"> </span>ci\u00f3n, se muestra,<span class=\"_ _0\"></span> en miles de euros, un an\u00e1lis<span class=\"_ _0\"></span>is de sensibilidad de dicho rie<span class=\"_ _0\"></span>sgo:   Efecto en el Pa<span class=\"_ _1\"></span>trimonio neto Consolidado por  variaci\u00f3n en los t<span class=\"_ _1\"></span>ipos de inter\u00e9s de mercado 2022 <span class=\"_ _87\"> </span>202<span class=\"_ _1\"></span>1 Miles de euros<span class=\"_ _29d\"> </span>+0,10%<span class=\"_ _29d\"> </span>-0,10%<span class=\"_ _29d\"> </span>+0,10%<span class=\"_ _29d\"> </span>-0,10%<span class=\"_ _29d\"> </span>Coberturas de tipo de in<span class=\"_ _1\"></span>ter\u00e9s:  - Cobertura de flujos de caja. Swap <span class=\"_ _1\"></span>de tipo de inter\u00e9s <span class=\"_ _df\"> </span>2.102<span class=\"_ _29d\"> </span>(2.118)<span class=\"_ _29d\"> </span>2.071<span class=\"_ _29d\"> </span>(2.042)<span class=\"_ _29d\"> </span>Coberturas de tipo de in<span class=\"_ _1\"></span>ter\u00e9s y de tipo de cambio: <span class=\"_ _14c\"> </span><span class=\"ff3\"> </span> - Cobertura de flujos de caja. Cross<span class=\"_ _1\"></span> Currency Swap <span class=\"_ _f7\"> </span>(106)<span class=\"_ _29d\"> </span>107<span class=\"_ _29d\"> </span>29<span class=\"_ _29d\"> </span>(30)<span class=\"_ _29d\"> </span>Esta <span class=\"_ _c5\"></span>variaci\u00f3n <span class=\"_ _c2\"></span>positiva <span class=\"_ _c5\"></span>o <span class=\"_ _c2\"></span>negativa <span class=\"_ _c5\"> </span>de <span class=\"_ _c5\"></span>un <span class=\"_ _c5\"></span>0,10% <span class=\"_ _c2\"></span>en <span class=\"_ _c5\"></span>los <span class=\"_ _c2\"></span>t<span class=\"_ _1\"></span>ipos <span class=\"_ _c5\"></span>de <span class=\"_ _c5\"></span>inter\u00e9s <span class=\"_ _c8\"></span>habr\u00eda <span class=\"_ _c0\"> </span>genera<span class=\"_ _0\"></span>do <span class=\"_ _c5\"></span>en <span class=\"_ _c5\"></span>la <span class=\"_ _c2\"></span>Cuenta <span class=\"_ _c5\"></span>de resultados con<span class=\"_ _0\"></span>solidada un <span class=\"_ _0\"></span>menor o mayor <span class=\"_ _0\"></span>beneficio <span class=\"_ _0\"></span>de 1.118 mile<span class=\"_ _0\"></span>s de euros en <span class=\"_ _0\"></span>2022 y <span class=\"_ _0\"></span>1.482 miles <span class=\"_ _0\"></span>de euros<span class=\"_ _0\"></span> en 2021.  La <span class=\"_ _c8\"></span>sensibilida<span class=\"_ _0\"></span>d <span class=\"_ _c8\"></span>del <span class=\"_ _c2\"></span>valor <span class=\"_ _c4\"></span>razonable <span class=\"_ _c8\"></span>se <span class=\"_ _c8\"></span>ha <span class=\"_ _c4\"></span>estimado <span class=\"_ _c8\"></span>utilizando <span class=\"_ _c4\"></span>una <span class=\"_ _c8\"></span>t\u00e9cnica <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>valoraci\u00f3n <span class=\"_ _c8\"></span>basada <span class=\"_ _c4\"></span>en <span class=\"_ _c8\"></span>el <span class=\"_ _c8\"></span>des-<span class=\"_ _29d\"> </span>cuento <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>flujos <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>caja <span class=\"_ _bf\"></span>futuros <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>los <span class=\"_ _bf\"></span>tipos <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>inter<span class=\"_ _0\"></span>\u00e9s <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>mercado <span class=\"_ _bf\"></span>vigentes <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>31 <span class=\"_ _bf\"></span>de d<span class=\"_ _0\"></span>iciembre <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>2022 <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>2021. <span class=\"_ _0\"></span>  <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Riesgo de tipo de cambio  </span></span>La gesti\u00f3n de este<span class=\"_ _0\"></span> riesgo contempla el riesg<span class=\"_ _0\"></span>o de transacci\u00f3<span class=\"_ _0\"></span>n, derivado de<span class=\"_ _0\"></span> tener que cobrar o paga<span class=\"_ _0\"></span>r flujos de caja en <span class=\"_ _1\"></span>una moneda <span class=\"_ _1\"></span>distinta <span class=\"_ _1\"></span>del euro (fundamentalmente d\u00f3lar <span class=\"_ _1\"></span>estadounid<span class=\"_ _0\"></span>ense <span class=\"_ _1\"></span>y r<span class=\"_ _1\"></span>eal brasile\u00f1o), y <span class=\"_ _1\"></span>el r<span class=\"_ _1\"></span>iesgo de <span class=\"_ _1\"></span>conversi\u00f3n<span class=\"_ _0\"></span>, <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>hace <span class=\"_ _1\"></span>referencia al <span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>iesgo<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>que soporta <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>empresa <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>consoli<span class=\"_ _0\"></span>dar <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>filiales y/o <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>activos situados en pa\u00edses cuya <span class=\"_ _0\"></span>moneda funcional es<span class=\"_ _0\"></span> diferente del euro.  Con el objetivo de elimina<span class=\"_ _0\"></span>r el r<span class=\"_ _1\"></span>iesgo de cambio d<span class=\"_ _0\"></span>erivado de las emisiones realizada<span class=\"_ _0\"></span>s en el m<span class=\"_ _1\"></span>ercad<span class=\"_ _0\"></span>o de colo-<span class=\"_ _29d\"> </span>caciones <span class=\"_ _0\"></span>privadas <span class=\"_ _0\"></span>de E<span class=\"_ _0\"></span>stados <span class=\"_ _0\"></span>Unidos <span class=\"_ _0\"></span>(USPP), <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Grupo ha<span class=\"_ _0\"></span> con<span class=\"_ _0\"></span>tratado <span class=\"_ _0\"></span>coberturas <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>flujos d<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>ja, med<span class=\"_ _0\"></span>iante instrumentos <span class=\"_ _c2\"></span>swap <span class=\"_ _c5\"></span>d\u00f3lar <span class=\"_ _c2\"></span>americano/euro <span class=\"_ _c5\"></span>de <span class=\"_ _c2\"></span>principales <span class=\"_ _c2\"></span>e <span class=\"_ _c5\"></span>intereses <span class=\"_ _c5\"></span>(cross <span class=\"_ _c2\"></span>currency <span class=\"_ _c2\"></span>swap), <span class=\"_ _c5\"> </span>que <span class=\"_ _c5\"></span>cubren <span class=\"_ _c2\"></span>el importe y la duraci\u00f3n<span class=\"_ _0\"></span> total de las mismas, hasta<span class=\"_ _0\"></span> octubre de 2035 (v\u00e9a<span class=\"_ _0\"></span>nse notas 19 y 20).   Con <span class=\"_ _0\"></span>el <span class=\"_ _bf\"></span>objeto <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>mitigar <span class=\"_ _bf\"></span>el <span class=\"_ _0\"></span>riesgo <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>transacci\u00f3n, <span class=\"_ _bf\"></span>dur<span class=\"_ _1\"></span>ante <span class=\"_ _0\"></span>los<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>ejercicios <span class=\"_ _0\"></span>20<span class=\"_ _0\"></span>22 <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>2021 <span class=\"_ _bf\"></span>las <span class=\"_ _0\"></span>sociedades<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Grupo<span class=\"_ _0\"></span> han contratado precoberturas<span class=\"_ _0\"></span> de fluj<span class=\"_ _1\"></span>os de caja, media<span class=\"_ _0\"></span>nte <span class=\"_ _1\"></span>instrumentos<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>deri<span class=\"_ _0\"></span>vados cross <span class=\"_ _1\"></span>currency<span class=\"_ _0\"></span> swap y for-<span class=\"_ _29d\"> </span>ward <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>cubren fluj<span class=\"_ _1\"></span>os de <span class=\"_ _c4\"></span>efectivo <span class=\"_ _1\"></span>altamente <span class=\"_ _1\"></span>pro<span class=\"_ _0\"></span>bables <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>determina<span class=\"_ _0\"></span>dos <span class=\"_ _1\"></span>ingresos <span class=\"_ _1\"></span>denominados <span class=\"_ _1\"></span>en d\u00f3l<span class=\"_ _1\"></span>ares<span class=\"_ _0\"></span> estadounidenses<span class=\"_ _0\"></span> y reale<span class=\"_ _0\"></span>s brasil<span class=\"_ _0\"></span>e\u00f1os y de<span class=\"_ _0\"></span> compromisos <span class=\"_ _0\"></span>de pago<span class=\"_ _0\"></span> en rea<span class=\"_ _0\"></span>les brasile<span class=\"_ _0\"></span>\u00f1os (v\u00e9ase<span class=\"_ _0\"></span> nota 20<span class=\"_ _0\"></span>). Como consecuencia de <span class=\"_ _1\"></span>estas<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>actuaciones, a <span class=\"_ _1\"></span>31 de <span class=\"_ _1\"></span>diciembre de <span class=\"_ _1\"></span>2022, <span class=\"_ _1\"></span>una aprecia<span class=\"_ _0\"></span>ci\u00f3n <span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>depreciaci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>un 10% del euro frente a<span class=\"_ _0\"></span> las divisas cubiertas<span class=\"_ _0\"></span> habr\u00eda producid<span class=\"_ _0\"></span>o las siguientes variacio<span class=\"_ _0\"></span>nes de los valores de<span class=\"_ _0\"></span> mercado de dichos derivado<span class=\"_ _0\"></span>s:  Efecto en el Pa<span class=\"_ _1\"></span>trimonio neto Consolidado por variaci\u00f3n en los <span class=\"_ _1\"></span>tipos de cambio Miles de euros<span class=\"_ _29d\"> </span>+10% apreciaci\u00f3n euro<span class=\"_ _29d\"> </span>-10% apreciaci\u00f3n euro<span class=\"_ _29d\"> </span>D\u00f3lar americano <span class=\"_ _14d\"> </span>20.366<span class=\"_ _29d\"> </span>(24.817)<span class=\"_ _29d\"> </span>Total <span class=\"_ _14e\"> </span>20.366<span class=\"_ _29d\"> </span>(24.817)<span class=\"_ _29d\"> </span>Con <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>objetivo <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>mitigar <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>iesgo de <span class=\"_ _c4\"></span>conversi\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>los <span class=\"_ _1\"></span>activos <span class=\"_ _1\"></span>situados en <span class=\"_ _c4\"></span>pa\u00edses <span class=\"_ _1\"></span>cuya <span class=\"_ _1\"></span>moneda funcional es <span class=\"_ _bf\"></span>distinta <span class=\"_ _0\"></span>del <span class=\"_ _bf\"></span>euro, <span class=\"_ _0\"></span>el<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>Gr<span class=\"_ _0\"></span>upo <span class=\"_ _0\"></span>financia <span class=\"_ _bf\"></span>parte <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>dicha<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>inversiones<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>en <span class=\"_ _bf\"></span>la <span class=\"_ _bf\"></span>m<span class=\"_ _1\"></span>oneda <span class=\"_ _bf\"></span>funcional. <span class=\"_ _bf\"></span>Asimismo, <span class=\"_ _bf\"></span>el <span class=\"_ _0\"></span>Grupo<span class=\"_ _0\"></span> ha <span class=\"_ _1\"></span>contratado coberturas de <span class=\"_ _1\"></span>inversi\u00f3n <span class=\"_ _1\"></span>neta en <span class=\"_ _1\"></span>d\u00f3lar americano m<span class=\"_ _1\"></span>ediante instrumentos cross <span class=\"_ _1\"></span>currency swap hasta enero de 2026 (v\u00e9ase nota 20). <span class=\"_ _1\"></span>Como<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>con<span class=\"_ _0\"></span>secuencia <span class=\"_ _1\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>estas actuaciones a 31 de diciembre de 2022<span class=\"_ _0\"></span> una <span class=\"_ _0\"></span>apreciaci\u00f3n <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>depreciaci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>simultanea d<span class=\"_ _0\"></span>e un<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>10% en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>tipo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>cambio<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>euro f<span class=\"_ _0\"></span>rente a <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>divi<span class=\"_ _0\"></span>sas <span class=\"_ _0\"></span>sobre las <span class=\"_ _c4\"></span>que <span class=\"_ _c4\"></span>se <span class=\"_ _1\"></span>tiene <span class=\"_ _c4\"></span>exposici\u00f3n, <span class=\"_ _1\"></span>respecto <span class=\"_ _c4\"></span>al <span class=\"_ _c4\"></span>cierre <span class=\"_ _c4\"></span>del <span class=\"_ _1\"></span>ejercicio, <span class=\"_ _c4\"></span>habr\u00eda <span class=\"_ _c4\"></span>genera<span class=\"_ _0\"></span>do <span class=\"_ _c4\"></span>un <span class=\"_ _c4\"></span>menor <span class=\"_ _c4\"></span>o <span class=\"_ _1\"></span>mayor <span class=\"_ _c4\"></span>Patrimonio neto <span class=\"_ _c2\"></span>atribuido <span class=\"_ _c2\"></span>a <span class=\"_ _c5\"></span>la <span class=\"_ _c2\"></span>Sociedad <span class=\"_ _c8\"></span>dominante <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>aproximadamen<span class=\"_ _0\"></span>te <span class=\"_ _c2\"></span>57 <span class=\"_ _c5\"></span>millones <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>euros, <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>los <span class=\"_ _c2\"></span>que, <span class=\"_ _c2\"></span>principal-<span class=\"_ _29d\"> </span>mente, 11 millone<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>de euros son<span class=\"_ _0\"></span> provocados por el d\u00f3la<span class=\"_ _0\"></span>r americano y 45 millo<span class=\"_ _0\"></span>nes de euros por el real brasi-<span class=\"_ _29d\"> </span>le\u00f1o (34 millon<span class=\"_ _0\"></span>es de euros a 31 de dici<span class=\"_ _0\"></span>embre de 2021, de<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>los<span class=\"_ _0\"></span> que 10 millones de eu<span class=\"_ _0\"></span>ros eran provo<span class=\"_ _0\"></span>cados por el d\u00f3lar americano <span class=\"_ _0\"></span>y 23 millones de euro<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>po<span class=\"_ _0\"></span>r el real brasile\u00f1o).   <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Riesgo de precio  </span></span>El <span class=\"_ _c4\"></span>Gr<span class=\"_ _1\"></span>upo <span class=\"_ _c4\"></span>est\u00e1 <span class=\"_ _c4\"></span>expuesto <span class=\"_ _c4\"></span>al <span class=\"_ _c4\"></span>riesgo <span class=\"_ _c8\"></span>de <span class=\"_ _c4\"></span>precio <span class=\"_ _c8\"></span>de <span class=\"_ _c4\"></span>los <span class=\"_ _c4\"></span>instrumentos <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>patrimonio <span class=\"_ _c4\"></span>clasificados <span class=\"_ _c4\"></span>en <span class=\"_ _c8\"></span>el <span class=\"_ _c4\"></span>Estado <span class=\"_ _c8\"></span>de<span class=\"_ _0\"></span> situaci\u00f3n <span class=\"_ _c4\"></span>financiera <span class=\"_ _1\"></span>consolidado <span class=\"_ _1\"></span>como <span class=\"_ _c4\"></span>activos <span class=\"_ _c4\"></span>financieros <span class=\"_ _c4\"></span>a <span class=\"_ _c4\"></span>valor <span class=\"_ _c4\"></span>razonabl<span class=\"_ _0\"></span>e <span class=\"_ _c4\"></span>con <span class=\"_ _c8\"></span>cambios<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>en <span class=\"_ _c4\"></span>Otro <span class=\"_ _c4\"></span>resultado global. <span class=\"_ _0\"></span>Los instru<span class=\"_ _0\"></span>mentos d<span class=\"_ _0\"></span>e capital <span class=\"_ _0\"></span>sujetos a<span class=\"_ _0\"></span> cotiz<span class=\"_ _0\"></span>aci\u00f3n corresponden<span class=\"_ _0\"></span> fund<span class=\"_ _0\"></span>amentalmente al <span class=\"_ _0\"></span>5% <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>el Grupo<span class=\"_ _0\"></span> tiene <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>REN. A <span class=\"_ _1\"></span>31 <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>diciembre de <span class=\"_ _1\"></span>2022 <span class=\"_ _1\"></span>una apreciaci\u00f3n o <span class=\"_ _1\"></span>depreciaci\u00f3n del <span class=\"_ _1\"></span>10% <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>valor de <span class=\"_ _1\"></span>cotizaci\u00f3n de la a<span class=\"_ _0\"></span>cci\u00f3n de la so<span class=\"_ _0\"></span>ciedad portuguesa REN <span class=\"_ _0\"></span>habr\u00eda generado u<span class=\"_ _0\"></span>n mayor o <span class=\"_ _0\"></span>menor Pa<span class=\"_ _0\"></span>trim<span class=\"_ _1\"></span>onio de <span class=\"_ _0\"></span>aproximada-<span class=\"_ _29d\"> </span>mente 6 millone<span class=\"_ _0\"></span>s de euros respectivamente<span class=\"_ _0\"></span> (6 millones de euros en 2021<span class=\"_ _0\"></span>). b) <span class=\"_ _ca\"> </span>Riesgo de cr\u00e9dito<span class=\"ff3 fc1\">  </span>Las <span class=\"_ _0\"></span>caracter\u00edsticas<span class=\"_ _0\"></span> de<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>ingresos <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>actividades <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>transporte <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>ope<span class=\"_ _0\"></span>raci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>siste<span class=\"_ _0\"></span>mas e<span class=\"_ _0\"></span>l\u00e9ctricos,<span class=\"_ _0\"></span> as\u00ed <span class=\"_ _1\"></span>como <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>solvencia <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>los <span class=\"_ _1\"></span>agentes <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>dichos <span class=\"_ _1\"></span>sistemas <span class=\"_ _1\"></span>determinan <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>nivel <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>riesgo <span class=\"_ _c4\"></span>no <span class=\"_ _1\"></span>relevante <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>las actividades principales <span class=\"_ _1\"></span>de Redeia. <span class=\"_ _1\"></span>La <span class=\"_ _1\"></span>gesti\u00f3n de <span class=\"_ _1\"></span>este riesgo <span class=\"_ _1\"></span>para <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>resto de <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>actividades <span class=\"_ _1\"></span>se realiza pr<span class=\"_ _1\"></span>in-<span class=\"_ _29d\"> </span>cipalmente mediante<span class=\"_ _0\"></span> la incorporaci\u00f3n de element<span class=\"_ _0\"></span>os de control que reduzc<span class=\"_ _0\"></span>an o acoten el riesgo.  En cualqu<span class=\"_ _0\"></span>ier caso, el ries<span class=\"_ _0\"></span>go de cr\u00e9di<span class=\"_ _0\"></span>to est\u00e1 sopo<span class=\"_ _0\"></span>rtado mediante <span class=\"_ _0\"></span>pol\u00edticas en<span class=\"_ _0\"></span> las que se<span class=\"_ _0\"></span> establecen<span class=\"_ _0\"></span> requisitos en <span class=\"_ _0\"></span>relaci\u00f3n con <span class=\"_ _0\"></span>la ca<span class=\"_ _0\"></span>lidad crediticia<span class=\"_ _0\"></span> de <span class=\"_ _0\"></span>la con<span class=\"_ _0\"></span>traparte y<span class=\"_ _0\"></span> se <span class=\"_ _0\"></span>requieren <span class=\"_ _0\"></span>garant\u00edas adici<span class=\"_ _0\"></span>onales en <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>casos ne<span class=\"_ _0\"></span>ce-<span class=\"_ _29d\"> </span>sarios.  Adiciona<span class=\"_ _0\"></span>lmente al cierre existe <span class=\"_ _0\"></span>exposici\u00f3n poco <span class=\"_ _0\"></span>significativa al ri<span class=\"_ _0\"></span>esgo de cr\u00e9dito <span class=\"_ _0\"></span>por el valor razon<span class=\"_ _0\"></span>able de<span class=\"_ _0\"></span> los instrumentos financieros derivados registrados, <span class=\"_ _1\"></span>habi\u00e9<span class=\"_ _0\"></span>ndose <span class=\"_ _1\"></span>formalizado desde <span class=\"_ _1\"></span>2015 <span class=\"_ _1\"></span>acuerdos<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>cesi\u00f3n de garant\u00edas, <span class=\"_ _bf\"></span>mediante <span class=\"_ _bf\"></span>el <span class=\"_ _bf\"></span>inte<span class=\"_ _0\"></span>rcambio <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>colaterales, <span class=\"_ _bf\"></span>con <span class=\"_ _bf\"></span>distintas<span class=\"_ _0\"></span> <span class=\"_ _bf\"></span>contrapartes <span class=\"_ _bf\"></span>con <span class=\"_ _bf\"></span>el <span class=\"_ _bf\"></span>fin <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>mitigar <span class=\"_ _bf\"></span>dicho <span class=\"_ _bf\"></span>riesgo.  A <span class=\"_ _1\"></span>31 <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>diciembre <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>2022 <span class=\"_ _1\"></span>existe <span class=\"_ _c4\"></span>menos <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>un <span class=\"_ _c4\"></span>3% <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>saldos <span class=\"_ _1\"></span>vencidos <span class=\"_ _1\"></span>(menos <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>un <span class=\"_ _c4\"></span>1% <span class=\"_ _c4\"></span>en <span class=\"_ _c4\"></span>2021), <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>los cuales <span class=\"_ _0\"></span>las socie<span class=\"_ _0\"></span>dades estiman<span class=\"_ _0\"></span> que <span class=\"_ _0\"></span>no prese<span class=\"_ _0\"></span>ntan ri<span class=\"_ _0\"></span>esgo de <span class=\"_ _0\"></span>recuperabilidad.<span class=\"_ _0\"></span> La ca<span class=\"_ _0\"></span>lidad <span class=\"_ _0\"></span>crediticia de <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>cuen-<span class=\"_ _29d\"> </span>tas a cobrar se con<span class=\"_ _0\"></span>sidera alta.  c) <span class=\"_ _c7\"> </span>Riesgo de liquidez<span class=\"ff3 fc1\">  </span>El riesgo de l<span class=\"_ _1\"></span>iquid<span class=\"_ _0\"></span>ez <span class=\"_ _1\"></span>surge como consecuencia de diferencias en los importes o <span class=\"_ _1\"></span>en las fechas de cobro y <span class=\"_ _1\"></span>de<span class=\"_ _0\"></span> pago de los diferente<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>activos y<span class=\"_ _0\"></span> pasivos de las socie<span class=\"_ _0\"></span>dades de Redeia.   La gesti\u00f3n <span class=\"_ _0\"></span>de este ri<span class=\"_ _0\"></span>esgo se realiz<span class=\"_ _0\"></span>a principalment<span class=\"_ _0\"></span>e actuando so<span class=\"_ _0\"></span>bre la est<span class=\"_ _0\"></span>ructura temporal de<span class=\"_ _0\"></span> la De<span class=\"_ _0\"></span>uda finan-<span class=\"_ _29d\"> </span>ciera y mantenien<span class=\"_ _0\"></span>do un importante volum<span class=\"_ _0\"></span>en de fondo<span class=\"_ _0\"></span>s disponibles durante el e<span class=\"_ _0\"></span>jercicio, establecien<span class=\"_ _0\"></span>do l\u00edmites sobre los vo<span class=\"_ _0\"></span>l\u00famenes m\u00e1ximos <span class=\"_ _0\"></span>de vencimien<span class=\"_ _0\"></span>to para cada ho<span class=\"_ _0\"></span>rizonte tempor<span class=\"_ _0\"></span>al definido. Adem\u00e1s<span class=\"_ _0\"></span>, este proceso<span class=\"_ _0\"></span> se lleva a cabo a nivel de<span class=\"_ _0\"></span> las distintas sociedade<span class=\"_ _0\"></span>s del Grupo, conforme a las pr\u00e1cticas<span class=\"_ _0\"></span> y l\u00edmites establecid<span class=\"_ _0\"></span>os por <span class=\"_ _c8\"></span>\u00e9ste. <span class=\"_ _c8\"></span>Los <span class=\"_ _c8\"></span>l\u00edmites <span class=\"_ _c4\"></span>establecidos <span class=\"_ _c4\"></span>var\u00edan <span class=\"_ _c8\"></span>en <span class=\"_ _c4\"></span>f<span class=\"_ _1\"></span>unci\u00f3n <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>la <span class=\"_ _c8\"></span>zona <span class=\"_ _c8\"></span>geogr\u00e1fica <span class=\"_ _c4\"></span>con <span class=\"_ _c8\"></span>el <span class=\"_ _c8\"></span>fin <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>tener <span class=\"_ _c8\"></span>en <span class=\"_ _c4\"></span>cu<span class=\"_ _1\"></span>enta <span class=\"_ _c8\"></span>la liquide<span class=\"_ _0\"></span>z <span class=\"_ _c0\"> </span>del <span class=\"_ _c5\"></span>mercado <span class=\"_ _c5\"></span>en <span class=\"_ _c2\"></span>el <span class=\"_ _c0\"> </span>que <span class=\"_ _c5\"></span>operan <span class=\"_ _c5\"></span>las<span class=\"_ _0\"></span> <span class=\"_ _c5\"> </span>sociedades. <span class=\"_ _c5\"></span>Adicionalmen<span class=\"_ _0\"></span>te, <span class=\"_ _c5\"> </span>la <span class=\"_ _c5\"></span>pol\u00edtica <span class=\"_ _c5\"></span>de <span class=\"_ _c5\"></span>gesti\u00f3n <span class=\"_ _c5\"></span>de <span class=\"_ _c2\"></span>liquidez implica la <span class=\"_ _1\"></span>realizaci\u00f3n de proyecciones de <span class=\"_ _1\"></span>flujos de efect<span class=\"_ _1\"></span>ivo en las <span class=\"_ _1\"></span>monedas principales en <span class=\"_ _1\"></span>las que <span class=\"_ _1\"></span>se opera, considerando <span class=\"_ _0\"></span>tambi\u00e9n<span class=\"_ _0\"></span> el <span class=\"_ _0\"></span>nivel <span class=\"_ _0\"></span>de activos<span class=\"_ _0\"></span> l\u00edquido<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>y fondos <span class=\"_ _0\"></span>disponible<span class=\"_ _0\"></span>s cont<span class=\"_ _0\"></span>enidos <span class=\"_ _0\"></span>en dichas<span class=\"_ _0\"></span> proyec<span class=\"_ _0\"></span>ciones, el control <span class=\"_ _c8\"></span>de <span class=\"_ _c4\"></span>los <span class=\"_ _c4\"></span>\u00ed<span class=\"_ _1\"></span>ndices <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>liquidez <span class=\"_ _c4\"></span>del <span class=\"_ _c4\"></span>E<span class=\"_ _1\"></span>stado <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>situaci\u00f3n <span class=\"_ _c4\"></span>financiera <span class=\"_ _c4\"></span>consolidado <span class=\"_ _c4\"></span>y <span class=\"_ _c8\"></span>su <span class=\"_ _c8\"></span>comparaci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _c8\"></span>con <span class=\"_ _c4\"></span>los requisitos de mercado<span class=\"_ _0\"></span>.   La Deuda<span class=\"_ _0\"></span> financiera del <span class=\"_ _0\"></span>Grupo a <span class=\"_ _0\"></span>31 de dici<span class=\"_ _0\"></span>embre de<span class=\"_ _0\"></span> 2022 tiene <span class=\"_ _0\"></span>un venci<span class=\"_ _0\"></span>miento medio<span class=\"_ _0\"></span> de 5,0 a<span class=\"_ _0\"></span>\u00f1os (5,0<span class=\"_ _0\"></span> a\u00f1os a <span class=\"_ _c4\"></span>31 <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>diciembr<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>2021). <span class=\"_ _c4\"></span>El <span class=\"_ _c4\"></span>detalle <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>vencimientos <span class=\"_ _1\"></span>de <span class=\"_ _c8\"></span>las <span class=\"_ _1\"></span>emisiones <span class=\"_ _1\"></span>y <span class=\"_ _c4\"></span>deudas <span class=\"_ _c4\"></span>bancarias <span class=\"_ _c4\"></span>se <span class=\"_ _1\"></span>encuentra en la nota 19 de la p<span class=\"_ _0\"></span>resente Memoria. <span class=\"_ _0\"></span> El Grupo <span class=\"_ _1\"></span>cuenta con <span class=\"_ _1\"></span>una s\u00f3lida <span class=\"_ _1\"></span>posici\u00f3n financiera. La <span class=\"_ _1\"></span>posici\u00f3n de <span class=\"_ _1\"></span>liquid<span class=\"_ _0\"></span>ez <span class=\"_ _1\"></span>del Gr<span class=\"_ _1\"></span>upo para el <span class=\"_ _1\"></span>ejercicio<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>2022 se <span class=\"_ _c8\"></span>ha <span class=\"_ _c2\"></span>basado <span class=\"_ _c8\"></span>en <span class=\"_ _c2\"></span>la <span class=\"_ _c8\"></span>fuerte <span class=\"_ _c8\"></span>capacidad <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>generaci\u00f3n <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>caja <span class=\"_ _c8\"></span>del <span class=\"_ _c8\"></span>mismo, <span class=\"_ _c2\"></span>apoyada <span class=\"_ _c8\"></span>por <span class=\"_ _c8\"></span>el <span class=\"_ _c8\"></span>mantenimiento <span class=\"_ _c8\"></span>de l\u00edneas <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>cr\u00e9dito <span class=\"_ _c4\"></span>no <span class=\"_ _c8\"></span>dispuestas <span class=\"_ _c4\"></span>por <span class=\"_ _c8\"></span>importe <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>1.795 <span class=\"_ _c4\"></span>millones <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>euros <span class=\"_ _c8\"></span>a <span class=\"_ _c4\"></span>31 <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>diciembre <span class=\"_ _c8\"></span>de <span class=\"_ _c4\"></span>2022 <span class=\"_ _c8\"></span>(<span class=\"_ _1\"></span>1.426<span class=\"_ _0\"></span> millones <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>euros <span class=\"_ _c2\"></span>a <span class=\"_ _c5\"></span>larg<span class=\"_ _0\"></span>o <span class=\"_ _c5\"></span>plazo <span class=\"_ _c2\"></span>y <span class=\"_ _c5\"></span>369 <span class=\"_ _c2\"></span>millones <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>euros <span class=\"_ _c2\"></span>a <span class=\"_ _c5\"></span>corto<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>plazo) <span class=\"_ _c2\"></span>y <span class=\"_ _c5\"></span>la <span class=\"_ _c2\"></span>existencia <span class=\"_ _c5\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>excedentes <span class=\"_ _c2\"></span>de tesorer\u00eda <span class=\"_ _c4\"></span>por <span class=\"_ _1\"></span>1.510 <span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>illon<span class=\"_ _0\"></span>es <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>euros. <span class=\"_ _c4\"></span>La <span class=\"_ _1\"></span>posici\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>liquidez <span class=\"_ _1\"></span>del <span class=\"_ _c4\"></span>Grupo <span class=\"_ _c4\"></span>garantiza <span class=\"_ _c4\"></span>poder <span class=\"_ _1\"></span>hacer <span class=\"_ _c4\"></span>frente <span class=\"_ _1\"></span>a <span class=\"_ _c4\"></span>las necesidades <span class=\"_ _0\"></span>operativas <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>caja, a<span class=\"_ _0\"></span> los <span class=\"_ _0\"></span>vencimiento<span class=\"_ _0\"></span>s de d<span class=\"_ _0\"></span>euda d<span class=\"_ _0\"></span>e los <span class=\"_ _0\"></span>ejercicio<span class=\"_ _0\"></span>s 2023 <span class=\"_ _0\"></span>y 202<span class=\"_ _0\"></span>4 as\u00ed <span class=\"_ _0\"></span>como <span class=\"_ _0\"></span>a situ<span class=\"_ _0\"></span>a-<span class=\"_ _29d\"> </span>ciones adversas de<span class=\"_ _0\"></span> los mercados financie<span class=\"_ _0\"></span>ros que pudieran producirse<span class=\"_ _0\"></span> en los pr\u00f3ximos mese<span class=\"_ _0\"></span>s.   19<span class=\"ff3\"> <span class=\"_ _0\"></span><span class=\"ff7\">Activos y <span class=\"_ _1\"></span>Pasivos financi<span class=\"_ _1\"></span>eros </span></span>a) <span class=\"_ _c7\"> </span>Activos financieros<span class=\"ff3 fc1\"> <span class=\"_ _0\"></span> </span>El <span class=\"_ _1\"></span>detalle <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>ep\u00edgrafe <span class=\"_ _1\"></span>Activos <span class=\"_ _1\"></span>financieros, t<span class=\"_ _1\"></span>anto corrientes <span class=\"_ _1\"></span>como <span class=\"_ _1\"></span>no <span class=\"_ _1\"></span>corrientes <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>Grupo <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>31 <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>diciembre de 2022 y 2021 es co<span class=\"_ _0\"></span>mo sigue:<span class=\"_ _29d\"> </span>31/12/2022 A valor  A valor  razonable con razonable con A coste  Derivados de cambios en Total cambios en  amortizado cobertura Otro resultado resultados global Miles de euros<span class=\"_ _29d\"> </span>Instrumentos de patrimonio <span class=\"_ _14f\"> </span>84.534<span class=\"_ _29d\"> </span>8.742<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>93.276<span class=\"_ _29d\"> </span>Derivados <span class=\"_ _150\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>110.616<span class=\"_ _29d\"> </span>110.616<span class=\"_ _29d\"> </span>Otros activos financieros <span class=\"_ _e3\"> </span>-<span class=\"_ _29d\"> </span>6.603<span class=\"_ _29d\"> </span>175.714<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>182.317<span class=\"_ _29d\"> </span>Largo plazo/ no co<span class=\"_ _1\"></span>rrientes <span class=\"_ _151\"> </span>84.066<span class=\"_ _29d\"> </span>15.813<span class=\"_ _29d\"> </span>175.714<span class=\"_ _29d\"> </span>110.616<span class=\"_ _29d\"> </span>386.209<span class=\"_ _29d\"> </span>Otros activos financieros <span class=\"_ _e3\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>752.505<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>752.505<span class=\"_ _29d\"> </span>Derivados <span class=\"_ _150\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>Corto plazo/ corrientes <span class=\"_ _152\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>752.505<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>752.505<span class=\"_ _29d\"> </span>Total  <span class=\"_ _14b\"> </span>84.<span class=\"_ _1\"></span>066<span class=\"_ _29d\"> </span>15.813<span class=\"_ _29d\"> </span>928.219<span class=\"_ _29d\"> </span>110.616<span class=\"_ _29d\"> </span>1.138.714<span class=\"_ _29d\"> </span>31/12/2021 A valor  razonable con A valor  cambios en razonable con A coste  Derivados de Total Otro  cambios en  amortizado cobertura resultado  resultados global Miles de euros<span class=\"_ _29d\"> </span>Instrumentos de patrimonio <span class=\"_ _14f\"> </span>85.368<span class=\"_ _29d\"> </span>4.329<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>89.697<span class=\"_ _29d\"> </span>Derivados <span class=\"_ _150\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>23.592<span class=\"_ _29d\"> </span>23.592<span class=\"_ _29d\"> </span>Otros activos financieros <span class=\"_ _e3\"> </span>-<span class=\"_ _29d\"> </span>1.050<span class=\"_ _29d\"> </span>23.942<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>24.992<span class=\"_ _29d\"> </span>Largo plazo/ no co<span class=\"_ _1\"></span>rrientes <span class=\"_ _151\"> </span>85.368<span class=\"_ _29d\"> </span>5.379<span class=\"_ _29d\"> </span>23.942<span class=\"_ _29d\"> </span>23.592<span class=\"_ _29d\"> </span>138.281<span class=\"_ _29d\"> </span>Otros activos financieros <span class=\"_ _e3\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>25.401<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>25.401<span class=\"_ _29d\"> </span>Derivados <span class=\"_ _150\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>91<span class=\"_ _29d\"> </span>91<span class=\"_ _29d\"> </span>Corto plazo/ corrientes <span class=\"_ _152\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>25.401<span class=\"_ _29d\"> </span>91<span class=\"_ _29d\"> </span>25.492<span class=\"_ _29d\"> </span>Total  <span class=\"_ _14b\"> </span>85.<span class=\"_ _1\"></span>368<span class=\"_ _29d\"> </span>5.379<span class=\"_ _29d\"> </span>49.343<span class=\"_ _29d\"> </span>23.683<span class=\"_ _29d\"> </span>163.773<span class=\"_ _29d\"> </span> <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Instrum<span class=\"_ _1\"></span>entos de pa<span class=\"_ _0\"></span>trimonio  </span></span>La partida Instrumentos de patrimonio correspond<span class=\"_ _0\"></span>e f<span class=\"_ _1\"></span>undamentalme<span class=\"_ _0\"></span>nte a <span class=\"_ _1\"></span>la participaci\u00f3n del 5% que tiene el Grupo <span class=\"_ _1\"></span>en <span class=\"_ _c4\"></span>REN, <span class=\"_ _1\"></span>sociedad <span class=\"_ _1\"></span>holding <span class=\"_ _c4\"></span>que <span class=\"_ _c4\"></span>engloba <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>operaci\u00f3n <span class=\"_ _1\"></span>y <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>explotaci<span class=\"_ _0\"></span>\u00f3n <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>los <span class=\"_ _1\"></span>activos <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>transporte <span class=\"_ _1\"></span>de electricidad <span class=\"_ _1\"></span>y <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>diversas <span class=\"_ _1\"></span>infraestructuras de <span class=\"_ _c4\"></span>gas <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>Portugal. <span class=\"_ _1\"></span>Esta <span class=\"_ _1\"></span>participaci\u00f3n <span class=\"_ _1\"></span>fue <span class=\"_ _c4\"></span>adquirida<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>en <span class=\"_ _1\"></span>2007 <span class=\"_ _c4\"></span>y <span class=\"_ _1\"></span>el precio <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _bf\"></span>transacci\u00f3n <span class=\"_ _bf\"></span>ascendi\u00f3 <span class=\"_ _0\"></span>a <span class=\"_ _bf\"></span>98.822 <span class=\"_ _bf\"></span>m<span class=\"_ _1\"></span>iles <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>euros<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>En <span class=\"_ _bf\"></span>2017 <span class=\"_ _0\"></span>el <span class=\"_ _bf\"></span>Grupo <span class=\"_ _bf\"></span>acudi\u00f3 <span class=\"_ _0\"></span>a <span class=\"_ _bf\"></span>la <span class=\"_ _0\"></span>ampliaci\u00f3n <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>capita<span class=\"_ _0\"></span>l realizada <span class=\"_ _0\"></span>por REN suscri<span class=\"_ _0\"></span>biendo 6.659.563<span class=\"_ _0\"></span> nuevas a<span class=\"_ _0\"></span>cciones por i<span class=\"_ _0\"></span>mporte de <span class=\"_ _0\"></span>12.500 miles <span class=\"_ _0\"></span>de euros <span class=\"_ _0\"></span>permiti\u00e9n-<span class=\"_ _29d\"> </span>dole mantener el 5%<span class=\"_ _0\"></span> de la sociedad.   REN <span class=\"_ _c8\"></span>t<span class=\"_ _1\"></span>iene <span class=\"_ _c2\"></span>a <span class=\"_ _c8\"></span>31 <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>diciembre <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>2021 <span class=\"_ _c2\"></span>un <span class=\"_ _c2\"></span>Patrimonio<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>Net<span class=\"_ _1\"></span>o <span class=\"_ _c8\"></span>consolidado <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>1.409.830 <span class=\"_ _c8\"></span>m<span class=\"_ _1\"></span>iles <span class=\"_ _c2\"></span>de <span class=\"_ _c8\"></span>euros <span class=\"_ _c2\"></span>y <span class=\"_ _c2\"></span>un resultado del ejercic<span class=\"_ _0\"></span>io despu\u00e9s de impuestos de<span class=\"_ _0\"></span> 97.153 miles de eu<span class=\"_ _0\"></span>ros.  Estos <span class=\"_ _c4\"></span>instrumentos <span class=\"_ _c4\"></span>han <span class=\"_ _c4\"></span>sido <span class=\"_ _c4\"></span>clasificados <span class=\"_ _c4\"></span>como <span class=\"_ _c4\"></span>activos <span class=\"_ _c8\"></span>financieros <span class=\"_ _1\"></span>medidos <span class=\"_ _c8\"></span>a <span class=\"_ _c4\"></span>valor <span class=\"_ _c4\"></span>razonable <span class=\"_ _c4\"></span>con <span class=\"_ _c4\"></span>cambios en \u201cOtro resultado global<span class=\"_ _0\"></span>\u201d (v\u00e9ase nota 2 b). La valoraci\u00f3<span class=\"_ _0\"></span>n de esta participaci\u00f3<span class=\"_ _0\"></span>n est<span class=\"_ _1\"></span>\u00e1 sujeta a<span class=\"_ _0\"></span> la cotizaci\u00f3n de la <span class=\"_ _c4\"></span>acci\u00f3n <span class=\"_ _c4\"></span>(nivel <span class=\"_ _c4\"></span>1). <span class=\"_ _c8\"></span>Durante <span class=\"_ _c4\"></span>el <span class=\"_ _c4\"></span>ejercicio <span class=\"_ _c4\"></span>2022 <span class=\"_ _c4\"></span>se <span class=\"_ _c4\"></span>ha <span class=\"_ _c8\"></span>producido <span class=\"_ _c4\"></span>un <span class=\"_ _c4\"></span>decremento <span class=\"_ _c4\"></span>en <span class=\"_ _c4\"></span>el <span class=\"_ _c4\"></span>valor <span class=\"_ _c4\"></span>razonable <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>este instrumento de patrimoni<span class=\"_ _0\"></span>o que se ha registrado di<span class=\"_ _0\"></span>rectamente contra<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>el Patrimonio<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>ne<span class=\"_ _0\"></span>to.  A 31 de diciembre de 2022<span class=\"_ _0\"></span> el Gr<span class=\"_ _1\"></span>upo ha cuanti<span class=\"_ _0\"></span>f<span class=\"_ _1\"></span>icado el descenso<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>en el valo<span class=\"_ _0\"></span>r de la <span class=\"_ _1\"></span>participaci\u00f3<span class=\"_ _0\"></span>n en 834 miles de euros (aumento de<span class=\"_ _0\"></span> 6.005 miles de euros en<span class=\"_ _0\"></span> 2021).  Asimismo, <span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>anto <span class=\"_ _1\"></span>en <span class=\"_ _c8\"></span>2022 <span class=\"_ _1\"></span>como <span class=\"_ _c4\"></span>en <span class=\"_ _c4\"></span>2021 <span class=\"_ _c4\"></span>se <span class=\"_ _c4\"></span>recogen <span class=\"_ _c4\"></span>tambi\u00e9n <span class=\"_ _c4\"></span>las <span class=\"_ _1\"></span>inversiones <span class=\"_ _c4\"></span>que <span class=\"_ _1\"></span>la <span class=\"_ _c8\"></span>sociedad <span class=\"_ _c4\"></span>Red <span class=\"_ _1\"></span>El\u00e9ctrica de <span class=\"_ _0\"></span>Telecomunicaciones, <span class=\"_ _0\"></span>Innovaci\u00f3n y <span class=\"_ _0\"></span>Tecnolog<span class=\"_ _0\"></span>\u00ed<span class=\"_ _1\"></span>a,<span class=\"_ _0\"></span> S.A.U. <span class=\"_ _0\"></span>(Elewit) realiz<span class=\"_ _0\"></span>a en <span class=\"_ _0\"></span>diferentes <span class=\"_ _0\"></span>entidades d<span class=\"_ _0\"></span>e car\u00e1cter<span class=\"_ _0\"></span> innovador.  Durante el <span class=\"_ _1\"></span>ejercicio 2022 se <span class=\"_ _1\"></span>ha <span class=\"_ _1\"></span>producid<span class=\"_ _0\"></span>o <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>aum<span class=\"_ _0\"></span>ento <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>la inversi\u00f3n <span class=\"_ _1\"></span>en<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>sociedades<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>Adara Ventures <span class=\"_ _1\"></span>III, S.C.A. <span class=\"_ _c2\"></span>y <span class=\"_ _c2\"></span>Cardumen <span class=\"_ _c8\"></span>F<span class=\"_ _1\"></span>und <span class=\"_ _c8\"></span>I<span class=\"_ _1\"></span> <span class=\"_ _c2\"></span>por <span class=\"_ _c2\"></span>importe <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>1.455 <span class=\"_ _c2\"></span>miles <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>euros. <span class=\"_ _c2\"></span>Asimismo, <span class=\"_ _c8\"></span>se <span class=\"_ _c5\"></span>ha <span class=\"_ _c8\"></span>registrado <span class=\"_ _c2\"></span>el <span class=\"_ _c8\"></span>alta <span class=\"_ _c5\"></span>de <span class=\"_ _c8\"></span>la sociedad, <span class=\"_ _c5\"></span>consolidad<span class=\"_ _0\"></span>a <span class=\"_ _c0\"> </span>durante <span class=\"_ _c5\"></span>el <span class=\"_ _c5\"></span>ejercicio<span class=\"_ _0\"></span> <span class=\"_ _c0\"> </span>2021 <span class=\"_ _c2\"></span>por <span class=\"_ _c0\"> </span>el <span class=\"_ _c5\"></span>m\u00e9todo <span class=\"_ _c5\"></span>de <span class=\"_ _c5\"></span>la <span class=\"_ _c5\"></span>participaci\u00f3n <span class=\"_ _c2\"></span>(<span class=\"_ _1\"></span>ver <span class=\"_ _c5\"></span>nota <span class=\"_ _c5\"></span>2.g), <span class=\"_ _c5\"></span>Zeleros<span class=\"_ _29d\"> </span>Global, <span class=\"_ _bf\"></span>S.L. <span class=\"_ _0\"></span>tras<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>la <span class=\"_ _bf\"></span>perdida <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>la <span class=\"_ _0\"></span>influencia<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>signific<span class=\"_ _0\"></span>ativa <span class=\"_ _0\"></span>y <span class=\"_ _bf\"></span>un <span class=\"_ _bf\"></span>aumento <span class=\"_ _0\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>lor <span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>zonable, <span class=\"_ _bf\"></span>con <span class=\"_ _0\"></span>impac<span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>positivo<span class=\"_ _0\"></span> en <span class=\"_ _0\"></span>resultados <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>importe<span class=\"_ _0\"></span> de <span class=\"_ _0\"></span>1.343 <span class=\"_ _bf\"></span>m<span class=\"_ _1\"></span>iles <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>euro<span class=\"_ _0\"></span>s, del <span class=\"_ _0\"></span>valor <span class=\"_ _0\"></span>razona<span class=\"_ _0\"></span>ble <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>estos <span class=\"_ _0\"></span>Instrumentos <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>Patrimonio<span class=\"_ _0\"></span>.<span class=\"_ _29d\"> </span>   <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Derivados   </span></span>El detalle de los instrum<span class=\"_ _0\"></span>entos financieros de<span class=\"_ _0\"></span>rivados figura en la nota 20.<span class=\"_ _0\"></span>   <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Otr<span class=\"_ _1\"></span>os activos<span class=\"_ _0\"></span> f<span class=\"_ _1\"></span>inancieros<span class=\"_ _0\"></span>  </span></span>Dentro <span class=\"_ _1\"></span>de Otros <span class=\"_ _1\"></span>activos financieros a <span class=\"_ _c4\"></span>coste amortizado se <span class=\"_ _1\"></span>incluye, en <span class=\"_ _1\"></span>2022, <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>activo financiero surgido t<span class=\"_ _1\"></span>ras la <span class=\"_ _c2\"></span>aplicaci\u00f3n <span class=\"_ _c5\"></span>de <span class=\"_ _c5\"></span>la <span class=\"_ _c2\"></span>CINIIF <span class=\"_ _c5\"></span>12 <span class=\"_ _c5\"></span>por <span class=\"_ _c5\"></span>el <span class=\"_ _c2\"></span>saldo <span class=\"_ _c5\"></span>pendiente <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>facturaci\u00f3n <span class=\"_ _c2\"></span>y <span class=\"_ _c5\"> </span>cobro <span class=\"_ _c5\"></span>a <span class=\"_ _c5\"></span>largo <span class=\"_ _c2\"></span>plazo <span class=\"_ _c5\"></span>por <span class=\"_ _c5\"></span>parte <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>la administraci\u00f3n <span class=\"_ _1\"></span>concedente <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>elaci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>al <span class=\"_ _c4\"></span>proyecto <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>Central <span class=\"_ _1\"></span>H<span class=\"_ _1\"></span>idr\u00e1uli<span class=\"_ _0\"></span>ca <span class=\"_ _c4\"></span>Reversible <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>200 <span class=\"_ _1\"></span>MW <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>Salto de <span class=\"_ _c4\"></span>Chira <span class=\"_ _c4\"></span>en <span class=\"_ _c8\"></span>Gran <span class=\"_ _c4\"></span>Canaria, <span class=\"_ _c8\"></span>por <span class=\"_ _c4\"></span>importe <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>114.63<span class=\"_ _0\"></span>2 <span class=\"_ _c8\"></span>miles <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>euros. <span class=\"_ _c4\"></span>Este <span class=\"_ _c4\"></span>proyecto, <span class=\"_ _c4\"></span>tras <span class=\"_ _c4\"></span>la <span class=\"_ _c8\"></span>publicaci\u00f3n <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>la Orden <span class=\"_ _c2\"></span>en <span class=\"_ _c8\"></span>la <span class=\"_ _c8\"></span>que <span class=\"_ _c2\"></span>se <span class=\"_ _c2\"></span>apruebe <span class=\"_ _c4\"></span>l<span class=\"_ _1\"></span>a <span class=\"_ _c8\"></span>met<span class=\"_ _1\"></span>odolog<span class=\"_ _0\"></span>\u00eda <span class=\"_ _c2\"></span>del <span class=\"_ _c2\"></span>c\u00e1lculo <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>la <span class=\"_ _c2\"></span>retribuci\u00f3n <span class=\"_ _c8\"></span>(v\u00e9ase <span class=\"_ _c2\"></span>nota <span class=\"_ _c8\"></span>3), <span class=\"_ _c2\"></span>se <span class=\"_ _c8\"></span>h<span class=\"_ _1\"></span>a <span class=\"_ _c8\"></span>clasificado<span class=\"_ _0\"></span> como una conce<span class=\"_ _0\"></span>si\u00f3n, aplic\u00e1nd<span class=\"_ _0\"></span>ose el modelo financie<span class=\"_ _0\"></span>ro. Para ello se ha traspasa<span class=\"_ _0\"></span>do el importe acu<span class=\"_ _0\"></span>mulado en el <span class=\"_ _0\"></span>inmovilizado <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>curso <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>trabajos <span class=\"_ _0\"></span>realizad<span class=\"_ _0\"></span>os hasta <span class=\"_ _0\"></span>ese <span class=\"_ _bf\"></span>m<span class=\"_ _1\"></span>omento <span class=\"_ _0\"></span>(v\u00e9a<span class=\"_ _0\"></span>se nota <span class=\"_ _0\"></span>7) <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>importe<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>50.407 miles <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>euros <span class=\"_ _c4\"></span>y <span class=\"_ _1\"></span>se <span class=\"_ _c8\"></span>ha <span class=\"_ _c4\"></span>registrado <span class=\"_ _1\"></span>el <span class=\"_ _c4\"></span>importe <span class=\"_ _1\"></span>a <span class=\"_ _c4\"></span>cobrar <span class=\"_ _1\"></span>devengado <span class=\"_ _1\"></span>en <span class=\"_ _c8\"></span>el <span class=\"_ _1\"></span>ejercicio, <span class=\"_ _c4\"></span>tanto <span class=\"_ _c4\"></span>derivado <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>la <span class=\"_ _c4\"></span>cons-<span class=\"_ _29d\"> </span>trucci\u00f3n <span class=\"_ _c4\"></span>como <span class=\"_ _1\"></span>d<span class=\"_ _1\"></span>e <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>actualiz<span class=\"_ _0\"></span>aci\u00f3n <span class=\"_ _c4\"></span>financiera <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>la <span class=\"_ _c4\"></span>cuenta <span class=\"_ _c4\"></span>a <span class=\"_ _c4\"></span>cobrar, <span class=\"_ _c4\"></span>por <span class=\"_ _c4\"></span>un <span class=\"_ _c4\"></span>importe <span class=\"_ _c4\"></span>total <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>64.225 <span class=\"_ _1\"></span>miles <span class=\"_ _c4\"></span>de euros (v\u00e9ase nota<span class=\"_ _0\"></span> 24.b).<span class=\"_ _29d\"> </span>Dentro <span class=\"_ _1\"></span>de otros <span class=\"_ _1\"></span>activos financieros <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>coste amortizado t<span class=\"_ _1\"></span>ambi\u00e9n se <span class=\"_ _1\"></span>recoge principalmente <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>l\u00ednea de <span class=\"_ _1\"></span>cr\u00e9dito concedida <span class=\"_ _1\"></span>por <span class=\"_ _1\"></span>la <span class=\"_ _c4\"></span>Sociedad<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>del <span class=\"_ _1\"></span>Grupo <span class=\"_ _1\"></span>Reintel <span class=\"_ _c4\"></span>a <span class=\"_ _c4\"></span>la <span class=\"_ _1\"></span>participaci\u00f3n <span class=\"_ _1\"></span>no <span class=\"_ _1\"></span>dominante, <span class=\"_ _1\"></span>Rudolph <span class=\"_ _1\"></span>Bidco, <span class=\"_ _1\"></span>S.\u00e0.r.l. <span class=\"_ _c4\"></span>El <span class=\"_ _1\"></span>im-<span class=\"_ _29d\"> </span>porte <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>la <span class=\"_ _1\"></span>p\u00f3liza <span class=\"_ _c4\"></span>es <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>72.500 <span class=\"_ _1\"></span>miles <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>euros, <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>los <span class=\"_ _c4\"></span>cuales <span class=\"_ _1\"></span>se <span class=\"_ _c4\"></span>han <span class=\"_ _c4\"></span>dispue<span class=\"_ _0\"></span>sto <span class=\"_ _c4\"></span>23.422 <span class=\"_ _1\"></span>miles <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>euros. <span class=\"_ _1\"></span>Asi-<span class=\"_ _29d\"> </span>mismo, se<span class=\"_ _0\"></span> in<span class=\"_ _0\"></span>cluye el<span class=\"_ _0\"></span> cr\u00e9di<span class=\"_ _0\"></span>to a <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>sociedad, <span class=\"_ _0\"></span>consolidada <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>m\u00e9todo de<span class=\"_ _0\"></span> la<span class=\"_ _0\"></span> parti<span class=\"_ _0\"></span>cipaci\u00f3n, TEN<span class=\"_ _0\"></span> por <span class=\"_ _0\"></span>importe <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span> 13.913 miles de euro<span class=\"_ _0\"></span>s (12.338 mile<span class=\"_ _0\"></span>s de euros a 31 de <span class=\"_ _0\"></span>diciembre de 2021).<span class=\"_ _0\"></span> Ambos cr\u00e9ditos deven<span class=\"_ _0\"></span>gan intere-<span class=\"_ _29d\"> </span>ses, a EURIBOR <span class=\"_ _0\"></span>m\u00e1s un diferencial de 471<span class=\"_ _0\"></span> puntos b\u00e1sicos<span class=\"_ _0\"></span> en el primer caso<span class=\"_ _0\"></span> y LIBOR m\u00e1s un di<span class=\"_ _0\"></span>ferencial de 270 <span class=\"_ _0\"></span>puntos <span class=\"_ _bf\"></span>b<span class=\"_ _1\"></span>\u00e1sicos <span class=\"_ _bf\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _bf\"></span>segundo ca<span class=\"_ _0\"></span>so. <span class=\"_ _0\"></span>Del <span class=\"_ _0\"></span>mismo<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>modo, <span class=\"_ _0\"></span>tambi\u00e9n <span class=\"_ _bf\"></span>se in<span class=\"_ _0\"></span>cluyen <span class=\"_ _bf\"></span>fianzas co<span class=\"_ _0\"></span>nstituidas <span class=\"_ _bf\"></span>y cr\u00e9ditos<span class=\"_ _0\"></span> concedidos <span class=\"_ _1\"></span>por <span class=\"_ _1\"></span>Redeia <span class=\"_ _1\"></span>a <span class=\"_ _c4\"></span>su <span class=\"_ _1\"></span>personal <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>vencimiento <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>largo <span class=\"_ _c4\"></span>plazo. <span class=\"_ _1\"></span>No <span class=\"_ _1\"></span>existe <span class=\"_ _c4\"></span>diferencia <span class=\"_ _1\"></span>significativa<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>entre el valor razonable<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>y el va<span class=\"_ _0\"></span>lor neto contable de este ep<span class=\"_ _0\"></span>\u00ed<span class=\"_ _1\"></span>grafe a 31<span class=\"_ _0\"></span> de diciembre de 2022 y 2021<span class=\"_ _0\"></span>.   Asimismo, <span class=\"_ _bf\"></span>tambi\u00e9n <span class=\"_ _0\"></span>se<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>recoge<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>dentro <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>otros <span class=\"_ _0\"></span>activos <span class=\"_ _bf\"></span>financieros <span class=\"_ _bf\"></span>a <span class=\"_ _bf\"></span>valor <span class=\"_ _0\"></span>razon<span class=\"_ _0\"></span>able <span class=\"_ _0\"></span>con <span class=\"_ _bf\"></span>cambios <span class=\"_ _bf\"></span>en <span class=\"_ _bf\"></span>r<span class=\"_ _1\"></span>esultados 6.603 <span class=\"_ _c4\"></span>m<span class=\"_ _1\"></span>iles <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>euros <span class=\"_ _c4\"></span>(1.050 <span class=\"_ _c8\"></span>miles <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>euros <span class=\"_ _c4\"></span>en <span class=\"_ _c8\"></span>2021) <span class=\"_ _c8\"></span>correspondientes <span class=\"_ _c4\"></span>a <span class=\"_ _c8\"></span>la <span class=\"_ _c8\"></span>inversi\u00f3n <span class=\"_ _c8\"></span>en <span class=\"_ _c8\"></span>Agrupaciones <span class=\"_ _c4\"></span>de Inter\u00e9s <span class=\"_ _bf\"></span>Econ\u00f3mico <span class=\"_ _bf\"></span>(AIE), <span class=\"_ _0\"></span>cuya<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tividad <span class=\"_ _0\"></span>es<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>el<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>arren<span class=\"_ _0\"></span>damiento <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>activos<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>dirig<span class=\"_ _0\"></span>idos <span class=\"_ _bf\"></span>por <span class=\"_ _0\"></span>otra <span class=\"_ _bf\"></span>entidad <span class=\"_ _bf\"></span>no <span class=\"_ _bf\"></span>vinculada a Redeia, que es la que <span class=\"_ _0\"></span>retiene tanto la mayor\u00eda de<span class=\"_ _0\"></span> los beneficios como los riesgos<span class=\"_ _0\"></span> de la actividad, acogi\u00e9n-<span class=\"_ _29d\"> </span>dose el<span class=\"_ _0\"></span> Grupo \u00fa<span class=\"_ _0\"></span>nicamente <span class=\"_ _0\"></span>a los <span class=\"_ _0\"></span>incentivos <span class=\"_ _0\"></span>fiscales regula<span class=\"_ _0\"></span>dos en <span class=\"_ _0\"></span>la legisl<span class=\"_ _0\"></span>aci\u00f3n esp<span class=\"_ _0\"></span>a\u00f1ola. El<span class=\"_ _0\"></span> Grupo i<span class=\"_ _0\"></span>mputa las<span class=\"_ _0\"></span> bases <span class=\"_ _1\"></span>imponibles <span class=\"_ _1\"></span>negativas <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>van <span class=\"_ _c4\"></span>generando estas <span class=\"_ _c4\"></span>AIE <span class=\"_ _1\"></span>contra <span class=\"_ _c4\"></span>las <span class=\"_ _1\"></span>participacio<span class=\"_ _0\"></span>nes <span class=\"_ _c4\"></span>y <span class=\"_ _c4\"></span>por <span class=\"_ _1\"></span>diferencia <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>la deuda registrada <span class=\"_ _0\"></span>con la Hacienda P\u00fablic<span class=\"_ _0\"></span>a acr<span class=\"_ _1\"></span>eed<span class=\"_ _0\"></span>ora, el correspondiente ingreso <span class=\"_ _0\"></span>financiero (ver nota 24<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>e).<span class=\"_ _29d\"> </span> <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Niveles de Jerarqu\u00eda de valor razona<span class=\"_ _0\"></span>ble  </span></span>La <span class=\"_ _0\"></span>siguiente t<span class=\"_ _0\"></span>abla presen<span class=\"_ _0\"></span>ta los <span class=\"_ _0\"></span>Activos <span class=\"_ _0\"></span>financieros <span class=\"_ _0\"></span>del G<span class=\"_ _0\"></span>rupo valo<span class=\"_ _0\"></span>rados a<span class=\"_ _0\"></span> va<span class=\"_ _0\"></span>lor razonable <span class=\"_ _0\"></span>seg\u00fan <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>variables utilizadas para el<span class=\"_ _0\"></span> c\u00e1lculo del valor razonable a 31<span class=\"_ _0\"></span> de diciembre de 2022 <span class=\"_ _0\"></span>y 2021:  31/12/2022 Miles de euros<span class=\"_ _29d\"> </span>Nivel 1<span class=\"_ _29d\"> </span>Nivel 2<span class=\"_ _29d\"> </span>Nivel 3<span class=\"_ _29d\"> </span>Saldo total<span class=\"_ _29d\"> </span>Instrumentos d<span class=\"_ _1\"></span>e patrimonio<span class=\"_ _1\"></span> <span class=\"_ _22e\"></span>84.066<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>9.210<span class=\"_ _29d\"> </span>93.276<span class=\"_ _29d\"> </span>Derivados <span class=\"_ _22f\"></span>-<span class=\"_ _29d\"> </span>110.616<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>110.616<span class=\"_ _29d\"> </span>Otros activos<span class=\"_ _1\"></span> financieros <span class=\"_ _230\"></span>-<span class=\"_ _29d\"> </span>6.603<span class=\"_ _29d\"> </span>6.603<span class=\"_ _29d\"> </span>31/12/2021 Miles de euros<span class=\"_ _29d\"> </span>Nivel 1<span class=\"_ _29d\"> </span>Nivel 2<span class=\"_ _29d\"> </span>Nivel 3<span class=\"_ _29d\"> </span>Saldo total<span class=\"_ _29d\"> </span>Instrumentos d<span class=\"_ _1\"></span>e patrimonio<span class=\"_ _1\"></span> <span class=\"_ _22e\"></span>84.900<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>4.797<span class=\"_ _29d\"> </span>89.697<span class=\"_ _29d\"> </span>Derivados <span class=\"_ _22f\"></span>-<span class=\"_ _29d\"> </span>23.683<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>23.683<span class=\"_ _29d\"> </span>Otros activos<span class=\"_ _1\"></span> financieros <span class=\"_ _230\"></span>-<span class=\"_ _29d\"> </span>1.050<span class=\"_ _29d\"> </span>1.050<span class=\"_ _29d\"> </span>Los <span class=\"_ _c2\"></span>I<span class=\"_ _1\"></span>nstrumentos<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>de <span class=\"_ _c5\"></span>pat<span class=\"_ _0\"></span>rimonio <span class=\"_ _c5\"></span>clasificados <span class=\"_ _c2\"></span>en <span class=\"_ _c5\"></span>el <span class=\"_ _c2\"></span>Nivel <span class=\"_ _c5\"></span>1 <span class=\"_ _c2\"></span>corresponden <span class=\"_ _c5\"></span>al <span class=\"_ _c2\"></span>5% <span class=\"_ _c5\"></span>que <span class=\"_ _c2\"></span>el <span class=\"_ _c5\"></span>Grupo <span class=\"_ _c2\"></span>posee <span class=\"_ _c5\"></span>en <span class=\"_ _c5\"></span>la<span class=\"_ _0\"></span> sociedad cotizada REN. En el <span class=\"_ _1\"></span>Nivel 3 se <span class=\"_ _1\"></span>encuentran<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>principalmen<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>e las inversiones realizadas por Elewit en fondos de inversi\u00f3n<span class=\"_ _0\"></span> y sociedades de car\u00e1cter i<span class=\"_ _0\"></span>nnovador.<span class=\"_ _29d\"> </span><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:19.097778px;\">Los <span class=\"_ _1\"></span>Otros <span class=\"_ _1\"></span>activos <span class=\"_ _c4\"></span>financie<span class=\"_ _0\"></span>ros <span class=\"_ _c4\"></span>clasificados<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>en <span class=\"_ _1\"></span>el <span class=\"_ _c4\"></span>Nivel <span class=\"_ _1\"></span>2 <span class=\"_ _1\"></span>corresponden <span class=\"_ _1\"></span>a <span class=\"_ _c4\"></span>las <span class=\"_ _1\"></span>inversiones <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>Agrupaciones <span class=\"_ _1\"></span>de </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:2.7177353px;\">Inter\u00e9s Econ\u00f3mico <span class=\"_ _0\"></span>(AIE).<span class=\"_ _29d\"> </span> <span class=\"ffa fs6\"> </span></div>b) <span class=\"_ _ca\"> </span>Pasivos financieros <span class=\"ff3 fc1\"> <span class=\"_ _0\"></span> </span>El detalle del ep\u00edgra<span class=\"_ _0\"></span>fe Pasivos financieros,<span class=\"_ _0\"></span> tanto corrientes como<span class=\"_ _0\"></span> no corrientes, del G<span class=\"_ _0\"></span>rupo a 31 de dici<span class=\"_ _0\"></span>embre de 2022 y 2021 es co<span class=\"_ _0\"></span>mo sigue: <span class=\"ffa fs6\"> </span>31/12/2022 Derivados de Pasivos Financie<span class=\"_ _1\"></span>ros<span class=\"_ _29d\"> </span>Total<span class=\"_ _29d\"> </span>cobertura<span class=\"_ _29d\"> </span>Miles de euros<span class=\"_ _29d\"> </span>Deudas con entidades de cr\u00e9dito <span class=\"_ _153\"> </span>1.762.259<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>1.762.259<span class=\"_ _29d\"> </span>Obligaciones y otros valores negociables <span class=\"_ _154\"> </span>3.728.865<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>3.728.865<span class=\"_ _29d\"> </span>Derivados <span class=\"_ _155\"> </span>-<span class=\"_ _29d\"> </span>22.016<span class=\"_ _29d\"> </span>22.016<span class=\"_ _29d\"> </span>Otros pasivos financieros <span class=\"_ _156\"> </span>52.631<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>52.631<span class=\"_ _29d\"> </span>Largo plazo/ no co<span class=\"_ _1\"></span>rrientes <span class=\"_ _157\"> </span>5.543.755<span class=\"_ _29d\"> </span>22.016<span class=\"_ _29d\"> </span>5.565.771<span class=\"_ _29d\"> </span>Deudas con entidades de cr\u00e9dito <span class=\"_ _158\"> </span>389.650<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>389.650<span class=\"_ _29d\"> </span>Obligaciones y otros valores negociables <span class=\"_ _159\"> </span>332.195<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>332.195<span class=\"_ _29d\"> </span>Derivados <span class=\"_ _155\"> </span>-<span class=\"_ _29d\"> </span>7.053<span class=\"_ _29d\"> </span>7.053<span class=\"_ _29d\"> </span>Otros pasivos financieros <span class=\"_ _15a\"> </span>983.432<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>983.432<span class=\"_ _29d\"> </span>Corto plazo/ corrientes <span class=\"_ _15b\"> </span>1.705.277<span class=\"_ _29d\"> </span>7.053<span class=\"_ _29d\"> </span>1.712.330<span class=\"_ _29d\"> </span>Total <span class=\"_ _15c\"> </span>7.249.032<span class=\"_ _29d\"> </span>29.069<span class=\"_ _29d\"> </span>7.278.101<span class=\"_ _29d\"> </span>31/12/2021 Pasivos Derivados Total<span class=\"_ _29d\"> </span>Financieros<span class=\"_ _29d\"> </span>de cobertura<span class=\"_ _29d\"> </span>Miles de euros<span class=\"_ _29d\"> </span>Deudas con entidades de cr\u00e9dito <span class=\"_ _15d\"> </span>1.899.560<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>1.899.560<span class=\"_ _29d\"> </span>Obligaciones y otros valores negociables <span class=\"_ _15e\"> </span>3.996.610<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>3.996.610<span class=\"_ _29d\"> </span>Derivados <span class=\"_ _15f\"> </span>-<span class=\"_ _29d\"> </span>16.436<span class=\"_ _29d\"> </span>16.436<span class=\"_ _29d\"> </span>Otros pasivos financieros  <span class=\"_ _a9\"> </span>57.264<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>57.264<span class=\"_ _29d\"> </span>Largo plazo/ no corrientes <span class=\"_ _160\"> </span>5.953.434<span class=\"_ _29d\"> </span>16.436<span class=\"_ _29d\"> </span>5.969.870<span class=\"_ _29d\"> </span>Deudas con entidades de cr\u00e9dito <span class=\"_ _84\"> </span>945.757<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>945.757<span class=\"_ _29d\"> </span>Obligaciones y otros valores negociables <span class=\"_ _da\"> </span>445.965<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>445.965<span class=\"_ _29d\"> </span>Derivados <span class=\"_ _15f\"> </span>-<span class=\"_ _29d\"> </span>5.129<span class=\"_ _29d\"> </span>5.129<span class=\"_ _29d\"> </span>Otros pasivos financieros <span class=\"_ _161\"> </span>752.703<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>752.703<span class=\"_ _29d\"> </span>Corto plazo/ corrientes <span class=\"_ _162\"> </span>2.144.425<span class=\"_ _29d\"> </span>5.129<span class=\"_ _29d\"> </span>2.149.554<span class=\"_ _29d\"> </span>Total <span class=\"_ _163\"> </span>8.097.859<span class=\"_ _29d\"> </span>21.565<span class=\"_ _29d\"> </span>8.119.424 <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Deudas con entidades de cr\u00e9dito y Obli<span class=\"_ _0\"></span>gaciones y otros valores nego<span class=\"_ _0\"></span>ciables  </span></span>El <span class=\"_ _1\"></span>valor <span class=\"_ _1\"></span>contable <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>razon<span class=\"_ _0\"></span>able <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>las <span class=\"_ _1\"></span>Deudas<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>con entidades <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>cr\u00e9dito <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>las em<span class=\"_ _1\"></span>isiones de <span class=\"_ _1\"></span>Obligaciones <span class=\"_ _1\"></span>y otros valores<span class=\"_ _0\"></span> negociables a 31 d<span class=\"_ _0\"></span>e diciembre<span class=\"_ _0\"></span> de 2022 y 2021,<span class=\"_ _0\"></span> sin incluir lo<span class=\"_ _0\"></span>s intereses pendiente<span class=\"_ _0\"></span>s de pago,<span class=\"_ _0\"></span> es el siguiente:<span class=\"_ _29d\"> </span>  Valor contable <span class=\"_ _13d\"> </span>Valor razonabl<span class=\"_ _1\"></span>e Miles de euros<span class=\"_ _29d\"> </span>2022<span class=\"_ _29d\"> </span>2021<span class=\"_ _29d\"> </span>2022<span class=\"_ _29d\"> </span>2021<span class=\"_ _29d\"> </span>Emisiones en eu<span class=\"_ _1\"></span>ros <span class=\"_ _100\"> </span>3.641.742<span class=\"_ _29d\"> </span>4.026.747 3.280.334<span class=\"_ _29d\"> </span>4.172.723 Emisiones en d\u00f3lares americanos <span class=\"_ _164\"> </span>392.747<span class=\"_ _29d\"> </span>374.890 404.046<span class=\"_ _29d\"> </span>471.183 Deudas bancarias en euros <span class=\"_ _e3\"> </span>1.613<span class=\"_ _1\"></span>.807<span class=\"_ _29d\"> </span>2.439.008 1.505.480<span class=\"_ _29d\"> </span>2.463.081 Deudas bancarias en divisas <span class=\"_ _15e\"> </span>523.835<span class=\"_ _29d\"> </span>396.461 528.814<span class=\"_ _29d\"> </span>421.014 Total  <span class=\"_ _165\"> </span>6.172.131 7.237.106 5.718.674 7.528.001<span class=\"_ _29d\"> </span>El valo<span class=\"_ _0\"></span>r razonable <span class=\"_ _0\"></span>de las <span class=\"_ _0\"></span>Deudas banca<span class=\"_ _0\"></span>rias y <span class=\"_ _0\"></span>de l<span class=\"_ _0\"></span>as Emision<span class=\"_ _0\"></span>es se ha <span class=\"_ _0\"></span>estimado e<span class=\"_ _0\"></span>n su <span class=\"_ _0\"></span>totalidad utiliz<span class=\"_ _0\"></span>ando una<span class=\"_ _0\"></span> t\u00e9cnica <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>valoraci\u00f3n <span class=\"_ _c8\"></span>basada <span class=\"_ _c2\"></span>en <span class=\"_ _c2\"></span>el <span class=\"_ _c2\"></span>descuento <span class=\"_ _c2\"></span>de <span class=\"_ _c8\"></span>fluj<span class=\"_ _1\"></span>os <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>caj<span class=\"_ _1\"></span>a <span class=\"_ _c8\"></span>futuros <span class=\"_ _c8\"></span>a <span class=\"_ _c2\"></span>los <span class=\"_ _c5\"></span>tipos <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>inter\u00e9s <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>mercado vigentes en cada <span class=\"_ _0\"></span>f<span class=\"_ _1\"></span>echa<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>(Ni<span class=\"_ _0\"></span>vel de jer<span class=\"_ _1\"></span>arqu\u00ed<span class=\"_ _0\"></span>a 2).  A <span class=\"_ _c8\"></span>31 <span class=\"_ _c2\"></span>de <span class=\"_ _c8\"></span>diciembre <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>2022 <span class=\"_ _c8\"></span>los <span class=\"_ _c8\"></span>intereses <span class=\"_ _c8\"></span>devengados <span class=\"_ _c8\"></span>y <span class=\"_ _c8\"></span>no <span class=\"_ _c2\"></span>pagados <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>estas <span class=\"_ _c8\"></span>deudas <span class=\"_ _c2\"></span>ascienden<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>a <span class=\"_ _c2\"></span>40.838 miles de euros (50.787<span class=\"_ _0\"></span> miles de euros en 2021).<span class=\"_ _0\"></span>  Emisiones <span class=\"_ _0\"></span>en euros a <span class=\"_ _0\"></span>31 de <span class=\"_ _0\"></span>diciembre de<span class=\"_ _0\"></span> 2022 re<span class=\"_ _0\"></span>coge las e<span class=\"_ _0\"></span>misiones de <span class=\"_ _0\"></span>Eurobonos ll<span class=\"_ _0\"></span>evadas a cab<span class=\"_ _0\"></span>o por R<span class=\"_ _0\"></span>ed El\u00e9ctrica <span class=\"_ _0\"></span>Financiaciones, <span class=\"_ _0\"></span>S.A.U. y<span class=\"_ _0\"></span> R<span class=\"_ _0\"></span>ed El\u00e9ctrica<span class=\"_ _0\"></span> Co<span class=\"_ _0\"></span>rporaci\u00f3n, S.A. <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>un s<span class=\"_ _0\"></span>aldo <span class=\"_ _0\"></span>de 3.641.742 <span class=\"_ _0\"></span>miles <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>euros (4.026.747 <span class=\"_ _c2\"></span>miles <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>euros <span class=\"_ _c5\"></span>en <span class=\"_ _c2\"></span>2021). <span class=\"_ _c2\"></span>En <span class=\"_ _c5\"></span>el <span class=\"_ _c2\"></span>ejercicio <span class=\"_ _c2\"></span>2022 <span class=\"_ _c5\"></span>se <span class=\"_ _c2\"></span>ha <span class=\"_ _c5\"></span>realizado <span class=\"_ _c2\"></span>la <span class=\"_ _c5\"></span>amo<span class=\"_ _0\"></span>rtizaci\u00f3n <span class=\"_ _c5\"></span>de <span class=\"_ _c2\"></span>deuda <span class=\"_ _c2\"></span>Eur<span class=\"_ _1\"></span>o<span class=\"_ _0\"></span> Medium Term Prog<span class=\"_ _0\"></span>ramme (Programa EMTN) en<span class=\"_ _0\"></span> el euromercado por impo<span class=\"_ _0\"></span>rte de 400 millones de e<span class=\"_ _0\"></span>uros.  Emisiones en<span class=\"_ _0\"></span> d\u00f3lares americanos<span class=\"_ _0\"></span> a 31 de diciembre<span class=\"_ _0\"></span> de 2022 recoge 39<span class=\"_ _0\"></span>2.747 miles de euros <span class=\"_ _0\"></span>(374.890 miles de <span class=\"_ _c4\"></span>euros <span class=\"_ _c8\"></span>en <span class=\"_ _c4\"></span>2021), <span class=\"_ _c4\"></span>correspondientes <span class=\"_ _c4\"></span>a <span class=\"_ _c4\"></span>la <span class=\"_ _c8\"></span>emisi\u00f3n <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>500 <span class=\"_ _c4\"></span>millones <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>d\u00f3lares <span class=\"_ _c4\"></span>americanos<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>realizadas <span class=\"_ _c4\"></span>en <span class=\"_ _c4\"></span>el mercado <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>colocaciones <span class=\"_ _1\"></span>privadas <span class=\"_ _c4\"></span>en <span class=\"_ _1\"></span>Estados <span class=\"_ _1\"></span>Unidos <span class=\"_ _1\"></span>(USPP) <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>los <span class=\"_ _c4\"></span>que <span class=\"_ _1\"></span>quedan <span class=\"_ _c4\"></span>pendientes<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>pago <span class=\"_ _c4\"></span>250 millones <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>d\u00f3lares <span class=\"_ _0\"></span>ameri<span class=\"_ _0\"></span>canos <span class=\"_ _0\"></span>(234.390 <span class=\"_ _0\"></span>miles <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>euros <span class=\"_ _0\"></span>a <span class=\"_ _bf\"></span>cierre <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>2022<span class=\"_ _0\"></span>); <span class=\"_ _0\"></span>as\u00ed co<span class=\"_ _0\"></span>mo <span class=\"_ _bf\"></span>t<span class=\"_ _1\"></span>res <span class=\"_ _0\"></span>emisiones <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>bono<span class=\"_ _0\"></span>s en <span class=\"_ _1\"></span>d\u00f3lares <span class=\"_ _1\"></span>americanos realizadas <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>Per\u00fa, <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>quedan <span class=\"_ _1\"></span>pendientes <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>pago <span class=\"_ _1\"></span>173 <span class=\"_ _1\"></span>millones de <span class=\"_ _c4\"></span>d\u00f3lares americanos equivalentes<span class=\"_ _0\"></span> a 158 millones de euros (179 millones de euros en 2021) (v\u00e9ase an\u00e1li<span class=\"_ _0\"></span>sis de riesgo de tipo de cambio en no<span class=\"_ _0\"></span>ta 18). Deudas bancarias <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>euros <span class=\"_ _1\"></span>recoge a <span class=\"_ _1\"></span>31 <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>diciembre de <span class=\"_ _1\"></span>2022 <span class=\"_ _1\"></span>pr\u00e9stamo<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>largo <span class=\"_ _1\"></span>plazo <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>p\u00f3lizas de <span class=\"_ _1\"></span>cr\u00e9dito por <span class=\"_ _c4\"></span>importe <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>1.<span class=\"_ _1\"></span>613.80<span class=\"_ _0\"></span>7 <span class=\"_ _c4\"></span>miles <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>euros <span class=\"_ _1\"></span>(1.939.008 <span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>iles <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>euros <span class=\"_ _1\"></span>en <span class=\"_ _c4\"></span>2021). <span class=\"_ _c4\"></span>Asimismo <span class=\"_ _1\"></span>a <span class=\"_ _c4\"></span>31 <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>diciembre de 2021 recog\u00eda tambi\u00e9n<span class=\"_ _0\"></span> el saldo dispuesto de<span class=\"_ _0\"></span> un cr\u00e9dito sindicado po<span class=\"_ _0\"></span>r importe de 500.000 mil<span class=\"_ _0\"></span>es de euros.  Deudas banca<span class=\"_ _0\"></span>rias en divisas re<span class=\"_ _0\"></span>coge a 31 de<span class=\"_ _0\"></span> diciembre de 2022<span class=\"_ _0\"></span> pr\u00e9stamos a largo<span class=\"_ _0\"></span> plazo y p\u00f3li<span class=\"_ _0\"></span>zas de cr\u00e9dit<span class=\"_ _0\"></span>o principalmente <span class=\"_ _c8\"></span>en <span class=\"_ _c4\"></span>d\u00f3lar<span class=\"_ _1\"></span>es <span class=\"_ _c8\"></span>americanos<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>por <span class=\"_ _c8\"></span>importe <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>523.835 <span class=\"_ _c8\"></span>miles <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>euros <span class=\"_ _c8\"></span>(396.461 <span class=\"_ _c4\"></span>m<span class=\"_ _1\"></span>iles <span class=\"_ _c8\"></span>de <span class=\"_ _c4\"></span>euros <span class=\"_ _c2\"></span>en 2021).  El detalle <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>los vencimientos de las <span class=\"_ _1\"></span>Emisiones y <span class=\"_ _1\"></span>de las <span class=\"_ _1\"></span>Deudas<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>bancarias a <span class=\"_ _1\"></span>31 de <span class=\"_ _1\"></span>diciembre de <span class=\"_ _1\"></span>2022 es <span class=\"_ _1\"></span>el siguiente:   Vencimientos a 31 de <span class=\"_ _1\"></span>diciembre de 2022 Ajustes A\u00f1os coste 2023<span class=\"_ _29d\"> </span>2024<span class=\"_ _29d\"> </span>2025<span class=\"_ _29d\"> </span>2026<span class=\"_ _29d\"> </span>2027<span class=\"_ _29d\"> </span>Total<span class=\"_ _29d\"> </span>posteriores<span class=\"_ _29d\"> </span>amortizado y otros<span class=\"_ _29d\"> </span>Miles de euros<span class=\"_ _29d\"> </span>Emisiones en eu<span class=\"_ _1\"></span>ros <span class=\"_ _73\"> </span>300.000<span class=\"_ _29d\"> </span>- 900.000<span class=\"_ _29d\"> </span>500.000<span class=\"_ _29d\"> </span>675.000<span class=\"_ _29d\"> </span>1.315.000<span class=\"_ _29d\"> </span>(48.258)<span class=\"_ _29d\"> </span>3.641.742<span class=\"_ _29d\"> </span>Emisiones en d\u00f3lares  5.928<span class=\"_ _29d\"> </span>6.362<span class=\"_ _29d\"> </span>147.450<span class=\"_ _29d\"> </span>7.300<span class=\"_ _29d\"> </span>7.809<span class=\"_ _29d\"> </span>221.558<span class=\"_ _29d\"> </span>(3.660)<span class=\"_ _29d\"> </span>392.747<span class=\"_ _29d\"> </span>americanos Deudas bancarias en euros <span class=\"_ _75\"> </span>181.545<span class=\"_ _29d\"> </span>321.044<span class=\"_ _29d\"> </span>121.050<span class=\"_ _29d\"> </span>94.706<span class=\"_ _29d\"> </span>400.928<span class=\"_ _29d\"> </span>498.567<span class=\"_ _29d\"> </span>(4.033)<span class=\"_ _29d\"> </span>1.613.807<span class=\"_ _29d\"> </span>Deudas bancarias en  192.320<span class=\"_ _29d\"> </span>183.582<span class=\"_ _29d\"> </span>60.799<span class=\"_ _29d\"> </span>5.621<span class=\"_ _29d\"> </span>5.766<span class=\"_ _29d\"> </span>83.654<span class=\"_ _29d\"> </span>(7.907)<span class=\"_ _29d\"> </span>523.835<span class=\"_ _29d\"> </span>d\u00f3lares americanos Total <span class=\"_ _b5\"> </span>679.793<span class=\"_ _29d\"> </span>510.988<span class=\"_ _29d\"> </span>1.229.299<span class=\"_ _29d\"> </span>607.627<span class=\"_ _29d\"> </span>1.089.503<span class=\"_ _29d\"> </span>2.118.779<span class=\"_ _29d\"> </span>(63.858)<span class=\"_ _29d\"> </span>6.172.131<span class=\"_ _29d\"> </span>El t<span class=\"_ _1\"></span>ipo<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>inter\u00e9s medio de <span class=\"_ _1\"></span>las Deudas <span class=\"_ _1\"></span>con entidades de <span class=\"_ _1\"></span>cr\u00e9dito y <span class=\"_ _1\"></span>de las Emisiones <span class=\"_ _1\"></span>ha sido <span class=\"_ _1\"></span>del 1,62% en <span class=\"_ _1\"></span>el ejercicio 2022 (1,52%<span class=\"_ _0\"></span> en 2021).  A <span class=\"_ _1\"></span>31 de <span class=\"_ _1\"></span>diciembre de <span class=\"_ _1\"></span>2022 las <span class=\"_ _1\"></span>sociedades del Grupo <span class=\"_ _1\"></span>tienen l\u00edneas <span class=\"_ _1\"></span>de cr\u00e9dito <span class=\"_ _1\"></span>con ent<span class=\"_ _1\"></span>idades<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>cr\u00e9dito pen-<span class=\"_ _29d\"> </span>dientes <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>disponer <span class=\"_ _c4\"></span>por <span class=\"_ _c8\"></span>un <span class=\"_ _c2\"></span>importe <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>1.795 <span class=\"_ _c4\"></span>m<span class=\"_ _1\"></span>illone<span class=\"_ _0\"></span>s <span class=\"_ _c2\"></span>de <span class=\"_ _c8\"></span>euros <span class=\"_ _c8\"></span>(1.<span class=\"_ _1\"></span>853 <span class=\"_ _c4\"></span>millones <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>euros <span class=\"_ _c8\"></span>en <span class=\"_ _c2\"></span>2021), <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>los cuales 1.426 <span class=\"_ _0\"></span>millones de <span class=\"_ _0\"></span>euros son <span class=\"_ _0\"></span>a largo plazo <span class=\"_ _0\"></span>(1.717 millone<span class=\"_ _0\"></span>s de euros a<span class=\"_ _0\"></span> 31 de dicie<span class=\"_ _0\"></span>mbre de 202<span class=\"_ _0\"></span>1) y 369<span class=\"_ _0\"></span> millones de euro<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>a cort<span class=\"_ _0\"></span>o plazo (136 millo<span class=\"_ _0\"></span>nes de euros a 31 de diciembre <span class=\"_ _0\"></span>de 2021).  El detalle de Obli<span class=\"_ _0\"></span>gaciones y otros valores negocia<span class=\"_ _0\"></span>bles a 31 de diciemb<span class=\"_ _0\"></span>re de 2022 y 2021 es el sigui<span class=\"_ _0\"></span>ente:<span class=\"_ _29d\"> </span>31/12/2022 (+/-) Ajustes Saldo vivo<span class=\"_ _29d\"> </span>Saldo vivo (-) Recompras o por tipo de  inicial (+) Emisiones<span class=\"_ _29d\"> </span>final reembolsos<span class=\"_ _29d\"> </span>cambio y 31/12/2021<span class=\"_ _29d\"> </span>31/12/2022<span class=\"_ _29d\"> </span>otros<span class=\"_ _29d\"> </span>Miles de euros<span class=\"_ _29d\"> </span>Valores representativos en un mercado de deuda que han requerido del registro de un fo<span class=\"_ _1\"></span>lleto  4.026.747<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>(400.000)<span class=\"_ _29d\"> </span>14.995<span class=\"_ _29d\"> </span>3.641.742<span class=\"_ _29d\"> </span>informativo Valores representativos en un mercado de deuda que no han requerido del registro de un folleto  -<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>informativo Otros valores representativos de deuda emitidos 374.890<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>(5.521)<span class=\"_ _29d\"> </span>23.378<span class=\"_ _29d\"> </span>392.747<span class=\"_ _29d\"> </span>fuera de un estado miembro de la U<span class=\"_ _1\"></span>ni\u00f3n Europea Total <span class=\"_ _166\"> </span>4.401.637<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>(405.521)<span class=\"_ _29d\"> </span>38.373<span class=\"_ _29d\"> </span>4.034.489<span class=\"_ _29d\"> </span>31/12/2021 (+/-) Ajustes Saldo vivo Saldo vivo (-) Recompras o por tipo de inicial  (+) Emisiones<span class=\"_ _29d\"> </span>final reembolsos<span class=\"_ _29d\"> </span>cambio y 31/12/2020<span class=\"_ _29d\"> </span>31/12/2021<span class=\"_ _29d\"> </span>otros<span class=\"_ _29d\"> </span>Miles de euros<span class=\"_ _29d\"> </span>Valores representativos en un mercado de deuda que han requerido del registro de un fo<span class=\"_ _1\"></span>lleto  3.422.760<span class=\"_ _29d\"> </span>600.000<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>3.987<span class=\"_ _29d\"> </span>4.026.747<span class=\"_ _29d\"> </span>informativo Valores representativos en un mercado de deuda que no han requerido del registro de un folleto  -<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>informativo Otros valores representativos de deuda emitidos 350.324<span class=\"_ _29d\"> </span>- (4.586)<span class=\"_ _29d\"> </span>29.152<span class=\"_ _29d\"> </span>374.890<span class=\"_ _29d\"> </span>fuera de un estado miembro de la U<span class=\"_ _1\"></span>ni\u00f3n Europea Total <span class=\"_ _166\"> </span>3.773.084<span class=\"_ _29d\"> </span>600.000<span class=\"_ _29d\"> </span>(4.586)<span class=\"_ _29d\"> </span>33.139<span class=\"_ _29d\"> </span>4.401.637<span class=\"_ _29d\"> </span>La <span class=\"_ _0\"></span>evoluci\u00f3n <span class=\"_ _0\"></span>duran<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>e <span class=\"_ _0\"></span>2022 <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>2021<span class=\"_ _0\"></span> de <span class=\"_ _0\"></span>valore<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>representativos <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>rcado <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>deuda <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>han <span class=\"_ _0\"></span>requeri<span class=\"_ _0\"></span>do d<span class=\"_ _0\"></span>el registro de un foll<span class=\"_ _0\"></span>eto informativo corresponde a emi<span class=\"_ _0\"></span>siones registradas en Luxe<span class=\"_ _0\"></span>mburgo.  Los <span class=\"_ _c4\"></span>cambios <span class=\"_ _c8\"></span>en <span class=\"_ _c4\"></span>los <span class=\"_ _c8\"></span>pasivos <span class=\"_ _c4\"></span>en <span class=\"_ _c8\"></span>los <span class=\"_ _c8\"></span>instru<span class=\"_ _0\"></span>mentos <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>financiaci\u00f3n <span class=\"_ _c4\"></span>a <span class=\"_ _c8\"></span>lo <span class=\"_ _c8\"></span>largo <span class=\"_ _c4\"></span>del <span class=\"_ _c4\"></span>ej<span class=\"_ _1\"></span>ercicio <span class=\"_ _c4\"></span>2022 <span class=\"_ _c4\"></span>diferenciando entre los que suponen<span class=\"_ _0\"></span> y los que no suponen <span class=\"_ _0\"></span>movimientos de flujos<span class=\"_ _0\"></span> de <span class=\"_ _1\"></span>efec<span class=\"_ _0\"></span>tivo son los siguientes:  Movimientos que no supon<span class=\"_ _1\"></span>en flujos Movimientos de efectivo 31/12/2021 de flujos de 31/12/2022 efectivo Variaciones de tipo Otras  Miles de euros<span class=\"_ _29d\"> </span>de cambio Variaciones Emisiones en eu<span class=\"_ _1\"></span>ros <span class=\"_ _87\"> </span>4.026.747 (400.000)<span class=\"_ _29d\"> </span>- 14.995 3.641.742 Emisiones en d\u00f3lares americanos <span class=\"_ _9a\"> </span>374.890 (5.521)<span class=\"_ _29d\"> </span>23.424<span class=\"_ _29d\"> </span>(46)<span class=\"_ _29d\"> </span>392.747 Deuda bancaria en euros  <span class=\"_ _167\"> </span>2.439.008 (820.221)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>(2.246)<span class=\"_ _29d\"> </span>1.616.541 Deuda bancaria en divisas <span class=\"_ _168\"> </span>396.461 84.024 20.662<span class=\"_ _29d\"> </span>19.954 521.101 Total Deuda <span class=\"_ _169\"> </span>7.237.106 (1.141.718)<span class=\"_ _29d\"> </span>44.086 32.657 6.172.131<span class=\"_ _29d\"> </span>Dentro <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>Otr<span class=\"_ _1\"></span>as <span class=\"_ _1\"></span>variacion<span class=\"_ _0\"></span>es <span class=\"_ _c4\"></span>en <span class=\"_ _1\"></span>Deuda <span class=\"_ _1\"></span>bancaria <span class=\"_ _1\"></span>en <span class=\"_ _c4\"></span>divisas <span class=\"_ _1\"></span>se <span class=\"_ _c4\"></span>incluye <span class=\"_ _1\"></span>principalmente<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>deuda <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>Axess <span class=\"_ _c4\"></span>en<span class=\"_ _0\"></span> el momento de su in<span class=\"_ _0\"></span>corporaci\u00f3n al per\u00edmetro de c<span class=\"_ _0\"></span>onsolidaci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>de Redeia (ve<span class=\"_ _0\"></span>r Nota 6).  <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Derivados  </span></span>El detalle de los instrum<span class=\"_ _0\"></span>entos financieros de<span class=\"_ _0\"></span>rivados figura en la nota 20.<span class=\"_ _0\"></span>   <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Otr<span class=\"_ _1\"></span>os pasivos <span class=\"_ _0\"></span>financieros   </span></span>El detalle de Otros pasi<span class=\"_ _0\"></span>vos financieros a 31 de dicie<span class=\"_ _0\"></span>mbre de 2022 y 2021 e<span class=\"_ _0\"></span>s como sigue<span class=\"_ _29d\"> </span>:<span class=\"_ _29d\"> </span>31/12/2022<span class=\"_ _29d\"> </span>31/12/2021<span class=\"_ _29d\"> </span>Miles de euros<span class=\"_ _29d\"> </span>Deudas a largo plazo por arrendamientos <span class=\"_ _16a\"> </span>18.343<span class=\"_ _29d\"> </span>19.865<span class=\"_ _29d\"> </span>Proveedores de inmovilizado y otras deudas <span class=\"_ _81\"> </span>34.288<span class=\"_ _29d\"> </span>37.399<span class=\"_ _29d\"> </span>Total a largo plazo <span class=\"_ _16b\"> </span>52.631<span class=\"_ _29d\"> </span>57.264<span class=\"_ _29d\"> </span>Dividendo a pagar (nota 13) <span class=\"_ _9f\"> </span>147.143<span class=\"_ _29d\"> </span>147.061<span class=\"_ _29d\"> </span>Deudas a corto plazo por ar<span class=\"_ _1\"></span>rendamientos <span class=\"_ _5a\"> </span>7.537<span class=\"_ _29d\"> </span>8.068<span class=\"_ _29d\"> </span>Proveedores de inmovilizado  <span class=\"_ _40\"> </span>387.603<span class=\"_ _29d\"> </span>315.374<span class=\"_ _29d\"> </span>Otras deudas <span class=\"_ _16c\"> </span>441.149<span class=\"_ _29d\"> </span>282.200<span class=\"_ _29d\"> </span>Total a corto p<span class=\"_ _1\"></span>lazo <span class=\"_ _16d\"> </span>983.432<span class=\"_ _29d\"> </span>752.703<span class=\"_ _29d\"> </span>Total Otros Pasivos Financieros <span class=\"_ _12c\"> </span>1.03<span class=\"_ _1\"></span>6.063 809.967 El saldo <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>Proveedores de <span class=\"_ _1\"></span>inmovilizado recoge fundamentalmente los <span class=\"_ _1\"></span>saldos derivados <span class=\"_ _1\"></span>de la <span class=\"_ _1\"></span>construcci\u00f3n de instalaciones el\u00e9ct<span class=\"_ _0\"></span>ricas y de telecomunicacio<span class=\"_ _0\"></span>nes.<span class=\"_ _29d\"> </span>Respecto a l<span class=\"_ _0\"></span>as deudas po<span class=\"_ _0\"></span>r arrendamiento el d<span class=\"_ _0\"></span>etalle de lo<span class=\"_ _0\"></span>s pagos m\u00ednimos <span class=\"_ _0\"></span>futuros por arrenda<span class=\"_ _0\"></span>miento a la<span class=\"_ _0\"></span>rgo plazo es el siguiente:<span class=\"_ _0\"></span> A\u00f1os  2023 <span class=\"_ _16e\"> </span>2024 <span class=\"_ _16e\"> </span>2025 <span class=\"_ _16e\"> </span>2026<span class=\"_ _0\"></span> <span class=\"_ _16e\"> </span>2027 Total Miles de eur<span class=\"_ _1\"></span>os<span class=\"_ _29d\"> </span>posteriores<span class=\"_ _29d\"> </span>Pagos m\u00ednimos futuros por  7.537 5.737 5.906 3.656 1.211 1.833 25.880 arrendamiento El <span class=\"_ _1\"></span>Grupo <span class=\"_ _1\"></span>estima <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>como <span class=\"_ _1\"></span>arrendatario<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>no <span class=\"_ _c4\"></span>existen salidas <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>efectivo <span class=\"_ _1\"></span>futuras <span class=\"_ _1\"></span>previstas <span class=\"_ _1\"></span>por <span class=\"_ _1\"></span>importes <span class=\"_ _1\"></span>signifi-<span class=\"_ _29d\"> </span>cativos <span class=\"_ _c4\"></span>en <span class=\"_ _c8\"></span>los <span class=\"_ _c4\"></span>que <span class=\"_ _c8\"></span>se <span class=\"_ _c4\"></span>encuentre <span class=\"_ _c4\"></span>pot<span class=\"_ _1\"></span>encialmen<span class=\"_ _0\"></span>te <span class=\"_ _c8\"></span>expuesto <span class=\"_ _c4\"></span>y <span class=\"_ _c8\"></span>que <span class=\"_ _c8\"></span>no <span class=\"_ _c4\"></span>se <span class=\"_ _c8\"></span>encuentre <span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>eflejados <span class=\"_ _c4\"></span>en <span class=\"_ _c8\"></span>los <span class=\"_ _c4\"></span>pasivos por arrendamien<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>o detall<span class=\"_ _0\"></span>ados.  Otras <span class=\"_ _c4\"></span>deudas <span class=\"_ _1\"></span>recogen <span class=\"_ _c4\"></span>principa<span class=\"_ _0\"></span>lmente <span class=\"_ _c4\"></span>determinadas <span class=\"_ _1\"></span>partidas <span class=\"_ _c4\"></span>pendientes <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>liquida<span class=\"_ _0\"></span>r <span class=\"_ _c4\"></span>al <span class=\"_ _c4\"></span>sistema <span class=\"_ _c4\"></span>el\u00e9ctrico <span class=\"_ _c4\"></span>es-<span class=\"_ _29d\"> </span>pa\u00f1ol y las fianzas recib<span class=\"_ _0\"></span>idas.    <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Niveles de Jerarqu\u00eda de valor razona<span class=\"_ _0\"></span>ble  </span></span>Los niveles de <span class=\"_ _1\"></span>jerarqu\u00eda de <span class=\"_ _1\"></span>valor razonable a <span class=\"_ _1\"></span>31 de diciembre <span class=\"_ _1\"></span>de 2022 <span class=\"_ _1\"></span>y 2021 de <span class=\"_ _1\"></span>los pasivos <span class=\"_ _1\"></span>financie<span class=\"_ _0\"></span>ros <span class=\"_ _1\"></span>no<span class=\"_ _0\"></span> corrientes y corrien<span class=\"_ _0\"></span>tes cuyo valor razonable e<span class=\"_ _0\"></span>s el siguiente:  31/12/2022 Miles de eur<span class=\"_ _1\"></span>os<span class=\"_ _29d\"> </span>Nivel 1<span class=\"_ _29d\"> </span>Nivel 2<span class=\"_ _29d\"> </span>Nivel 3<span class=\"_ _29d\"> </span>Saldo total<span class=\"_ _29d\"> </span>Deudas con entidades de cr\u00e9dito <span class=\"_ _16f\"> </span>-<span class=\"_ _29d\"> </span>2.137.642<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>2.137.642<span class=\"_ _29d\"> </span>Obligaciones y otros valores negociables <span class=\"_ _170\"> </span>-<span class=\"_ _29d\"> </span>4.034.489<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>4.034.489<span class=\"_ _29d\"> </span>Derivados  <span class=\"_ _171\"> </span>-<span class=\"_ _29d\"> </span>29.069<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>29.069<span class=\"_ _29d\"> </span>Total <span class=\"_ _b\"> </span>-<span class=\"_ _29d\"> </span>6.201.200<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>6.201.200<span class=\"_ _29d\"> </span>31/12/2021 Nivel 1<span class=\"_ _29d\"> </span>Nivel 2<span class=\"_ _29d\"> </span>Nivel 3<span class=\"_ _29d\"> </span>Saldo total<span class=\"_ _29d\"> </span>Miles de eur<span class=\"_ _1\"></span>os<span class=\"_ _29d\"> </span>Deudas con entidades de cr\u00e9dito <span class=\"_ _16f\"> </span>-<span class=\"_ _29d\"> </span>2.835.469<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>2.835.469<span class=\"_ _29d\"> </span>Obligaciones y otros valores negociables <span class=\"_ _172\"> </span>-<span class=\"_ _29d\"> </span>4.401.637<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>4.401.637<span class=\"_ _29d\"> </span>Derivados  <span class=\"_ _173\"> </span>-<span class=\"_ _29d\"> </span>21.565<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>21.565<span class=\"_ _29d\"> </span>Total <span class=\"_ _4d\"> </span>-<span class=\"_ _29d\"> </span>7.258.671<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>7.258.671<span class=\"_ _29d\"> </span>Dentro <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>Nivel <span class=\"_ _1\"></span>2 <span class=\"_ _1\"></span>se <span class=\"_ _c4\"></span>encuentran las <span class=\"_ _c4\"></span>deudas con <span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>idades <span class=\"_ _1\"></span>de cr<span class=\"_ _1\"></span>\u00e9dito,<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>las <span class=\"_ _1\"></span>obligaciones <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>otras <span class=\"_ _1\"></span>emisiones <span class=\"_ _1\"></span>y los <span class=\"_ _0\"></span>derivados <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>tipo <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>cambio y <span class=\"_ _bf\"></span>tipo de<span class=\"_ _0\"></span> in<span class=\"_ _0\"></span>ter\u00e9s. N<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>existen <span class=\"_ _0\"></span>diferencias <span class=\"_ _0\"></span>significa<span class=\"_ _0\"></span>tivas ent<span class=\"_ _0\"></span>re el <span class=\"_ _bf\"></span>valor <span class=\"_ _0\"></span>razonable y el valor neto conta<span class=\"_ _0\"></span>ble de este ep\u00edgrafe a 31 de<span class=\"_ _0\"></span> diciembre de 2022 y 2021<span class=\"_ _0\"></span>.<span class=\"_ _29d\"> </span>Para <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>realizaci\u00f3n de <span class=\"_ _c4\"></span>las <span class=\"_ _1\"></span>estimaciones<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>de valor <span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>azonable <span class=\"_ _1\"></span>el Grupo <span class=\"_ _c4\"></span>ha reflejado <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>hip\u00f3tesis <span class=\"_ _1\"></span>de los <span class=\"_ _c4\"></span>partici-<span class=\"_ _29d\"> </span>pantes del mercado <span class=\"_ _1\"></span>en base la <span class=\"_ _1\"></span>informaci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>disponib<span class=\"_ _0\"></span>le y <span class=\"_ _1\"></span>las condiciones del <span class=\"_ _1\"></span>mercado en la <span class=\"_ _1\"></span>fecha de realiza-<span class=\"_ _29d\"> </span>ci\u00f3n de <span class=\"_ _0\"></span>estos Estados Fi<span class=\"_ _0\"></span>nancieros, inco<span class=\"_ _0\"></span>rpor\u00e1ndose, en <span class=\"_ _0\"></span>su caso, las <span class=\"_ _0\"></span>primas <span class=\"_ _0\"></span>de riesgo que <span class=\"_ _0\"></span>surgir\u00edan del <span class=\"_ _0\"></span>incre-<span class=\"_ _29d\"> </span>mento de <span class=\"_ _0\"></span>la incertidumb<span class=\"_ _0\"></span>re generada <span class=\"_ _0\"></span>por la co<span class=\"_ _0\"></span>yuntura <span class=\"_ _0\"></span>macroecon\u00f3mica a<span class=\"_ _0\"></span>ctual, ajustado <span class=\"_ _0\"></span>las estimacio<span class=\"_ _0\"></span>nes por el riesgo de<span class=\"_ _0\"></span> cr\u00e9dito propio y<span class=\"_ _0\"></span> de la contraparte<span class=\"_ _0\"></span> y considerado <span class=\"_ _0\"></span>si los inputs n<span class=\"_ _0\"></span>o observables se<span class=\"_ _0\"></span> han vuelto signi-<span class=\"_ _29d\"> </span>ficativos.  20<span class=\"ff3\"> <span class=\"_ _bd\"></span><span class=\"ff7\">Instrum<span class=\"_ _1\"></span>entos fin<span class=\"_ _1\"></span>ancieros deriv<span class=\"_ _1\"></span>ados </span></span>El G<span class=\"_ _1\"></span>rupo, de <span class=\"_ _1\"></span>acuerdo con <span class=\"_ _1\"></span>su Pol\u00edtica <span class=\"_ _1\"></span>de Gesti\u00f3n <span class=\"_ _1\"></span>del riesgo <span class=\"_ _1\"></span>financiero, tiene <span class=\"_ _1\"></span>contratados instrumentos finan-<span class=\"_ _29d\"> </span>cieros <span class=\"_ _c4\"></span>derivados <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>cuatro <span class=\"_ _1\"></span>tipos: <span class=\"_ _c4\"></span>Swaps <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>bertura <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>tipo <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>inter\u00e9s, <span class=\"_ _1\"></span>Swaps <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>precobertura<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>tipo <span class=\"_ _c4\"></span>de inter\u00e9s, <span class=\"_ _c2\"></span>Cross <span class=\"_ _c8\"></span>Currency <span class=\"_ _c8\"></span>Swaps <span class=\"_ _c2\"></span>y <span class=\"_ _c8\"></span>For<span class=\"_ _1\"></span>ward<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>divisa. <span class=\"_ _c2\"></span>El <span class=\"_ _c2\"></span>primero <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>ellos, <span class=\"_ _c8\"></span>el <span class=\"_ _c2\"></span>Swap <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>cobertura <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>t<span class=\"_ _1\"></span>ipo <span class=\"_ _c8\"></span>de inter\u00e9s, consiste en que mediante una permuta financiera se transforma deuda a tipo de inter\u00e9s variable por deuda <span class=\"_ _c8\"></span>a <span class=\"_ _c5\"></span>tipo <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>inter\u00e9s <span class=\"_ _c2\"></span>fijo, <span class=\"_ _c5\"></span>donde<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>los <span class=\"_ _c2\"></span>flujos <span class=\"_ _c5\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>efectivo <span class=\"_ _c2\"></span>futuros <span class=\"_ _c2\"></span>a <span class=\"_ _c5\"></span>cub<span class=\"_ _0\"></span>rir <span class=\"_ _c2\"></span>son <span class=\"_ _c2\"></span>los <span class=\"_ _c2\"></span>pagos <span class=\"_ _c2\"></span>por <span class=\"_ _c5\"></span>intere<span class=\"_ _0\"></span>ses. <span class=\"_ _c5\"></span>Los<span class=\"_ _0\"></span> Swaps de precobertura <span class=\"_ _0\"></span>de tipo de inter\u00e9s cubren el coste financiero<span class=\"_ _0\"></span> de transacciones futuras pre<span class=\"_ _0\"></span>vistas, alta-<span class=\"_ _29d\"> </span>mente <span class=\"_ _c8\"></span>probables. <span class=\"_ _c8\"></span>Del <span class=\"_ _c8\"></span>mismo <span class=\"_ _c8\"></span>modo, <span class=\"_ _c8\"></span>el <span class=\"_ _c2\"></span>Cross<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>Currency <span class=\"_ _c8\"></span>Swap <span class=\"_ _c8\"></span>permite <span class=\"_ _c8\"></span>el <span class=\"_ _c8\"></span>intercambio <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>deuda <span class=\"_ _c2\"></span>a <span class=\"_ _c4\"></span>tipo <span class=\"_ _c8\"></span>f<span class=\"_ _1\"></span>ijo <span class=\"_ _c8\"></span>o variable e<span class=\"_ _0\"></span>n d\u00f3lares ameri<span class=\"_ _0\"></span>canos por deuda a<span class=\"_ _0\"></span> tipo <span class=\"_ _0\"></span>fijo o variable <span class=\"_ _0\"></span>en euros, p<span class=\"_ _0\"></span>udiendo cubrir los <span class=\"_ _0\"></span>flujos fu<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>uros <span class=\"_ _0\"></span>de intereses <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>capital en <span class=\"_ _1\"></span>d\u00f3lares <span class=\"_ _1\"></span>americanos, <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>flujos futuros <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>intereses <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>tipo <span class=\"_ _1\"></span>variable <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>euros <span class=\"_ _1\"></span>y el <span class=\"_ _c4\"></span>riesgo<span class=\"_ _0\"></span> de tipo <span class=\"_ _1\"></span>de cambio por transacciones previstas y <span class=\"_ _1\"></span>altamente probables en d\u00f3lares americanos. Por \u00faltimo, los Forward <span class=\"_ _c5\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _c0\"> </span>divisa <span class=\"_ _c2\"></span>cubren <span class=\"_ _c5\"> </span>el <span class=\"_ _c5\"></span>riesgo <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"> </span>tipo <span class=\"_ _c5\"> </span>de <span class=\"_ _c5\"> </span>cambio <span class=\"_ _c5\"></span>por <span class=\"_ _c5\"></span>transaccion<span class=\"_ _0\"></span>es <span class=\"_ _c5\"></span>previstas <span class=\"_ _c5\"></span>y <span class=\"_ _c2\"></span>altamente <span class=\"_ _c5\"></span>probables denominadas en una<span class=\"_ _0\"></span> moneda distinta del euro<span class=\"_ _0\"></span>.  La <span class=\"_ _0\"></span>aplicaci\u00f3n d<span class=\"_ _0\"></span>e la <span class=\"_ _0\"></span>NIIF 1<span class=\"_ _0\"></span>3 (v\u00e9ase n<span class=\"_ _0\"></span>ota 4 <span class=\"_ _0\"></span>n), <span class=\"_ _0\"></span>sobre va<span class=\"_ _0\"></span>loraci\u00f3n de<span class=\"_ _0\"></span> instrume<span class=\"_ _0\"></span>ntos financieros <span class=\"_ _0\"></span>derivado<span class=\"_ _0\"></span>s e in<span class=\"_ _0\"></span>stru-<span class=\"_ _29d\"> </span>mentos de cob<span class=\"_ _0\"></span>ertura de l<span class=\"_ _0\"></span>a presen<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>e <span class=\"_ _0\"></span>Memoria, requie<span class=\"_ _0\"></span>re un ajuste <span class=\"_ _0\"></span>en las <span class=\"_ _0\"></span>t\u00e9cnicas de valo<span class=\"_ _0\"></span>raci\u00f3n para <span class=\"_ _0\"></span>la obten-<span class=\"_ _29d\"> </span>ci\u00f3n <span class=\"_ _1\"></span>del <span class=\"_ _c4\"></span>valor <span class=\"_ _c4\"></span>razonable <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>los <span class=\"_ _1\"></span>inst<span class=\"_ _1\"></span>rumen<span class=\"_ _0\"></span>tos <span class=\"_ _c4\"></span>financieros <span class=\"_ _1\"></span>derivados. <span class=\"_ _c4\"></span>El <span class=\"_ _1\"></span>Grupo <span class=\"_ _c4\"></span>incorpora <span class=\"_ _1\"></span>un <span class=\"_ _c4\"></span>ajuste <span class=\"_ _1\"></span>por <span class=\"_ _c4\"></span>riesgo de <span class=\"_ _0\"></span>cr\u00e9dito <span class=\"_ _0\"></span>con el <span class=\"_ _0\"></span>objetivo<span class=\"_ _0\"></span> de<span class=\"_ _0\"></span> reflejar <span class=\"_ _0\"></span>tanto <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>riesgo <span class=\"_ _0\"></span>propio <span class=\"_ _0\"></span>como d<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>contraparte e<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>el valor <span class=\"_ _0\"></span>razona<span class=\"_ _0\"></span>ble <span class=\"_ _0\"></span>de los instrumentos financieros<span class=\"_ _0\"></span> derivados a partir de<span class=\"_ _0\"></span> modelos de valoraci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>genera<span class=\"_ _0\"></span>lmente aceptados.  Con el fin de elimina<span class=\"_ _0\"></span>r el riesgo de c<span class=\"_ _0\"></span>r\u00e9dito incorporado<span class=\"_ _0\"></span> en los Cross Currency Swa<span class=\"_ _0\"></span>p contratados como <span class=\"_ _0\"></span>cober-<span class=\"_ _29d\"> </span>tura del<span class=\"_ _0\"></span> tipo <span class=\"_ _0\"></span>de ca<span class=\"_ _0\"></span>mbio de<span class=\"_ _0\"></span> las <span class=\"_ _0\"></span>emisiones <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>USPP en<span class=\"_ _0\"></span> 2015 <span class=\"_ _0\"></span>se fo<span class=\"_ _0\"></span>rmalizaron <span class=\"_ _0\"></span>con las <span class=\"_ _0\"></span>contrapartes <span class=\"_ _0\"></span>acuerdos <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span> cesi\u00f3n en garant<span class=\"_ _0\"></span>\u00eda c<span class=\"_ _1\"></span>on i<span class=\"_ _0\"></span>ntercambio de colaterale<span class=\"_ _0\"></span>s.  Para <span class=\"_ _c5\"></span>la <span class=\"_ _c2\"></span>determinaci\u00f3n <span class=\"_ _c2\"></span>del <span class=\"_ _c5\"></span>ajuste <span class=\"_ _c2\"></span>por <span class=\"_ _c5\"></span>riesgo <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>cr\u00e9dito <span class=\"_ _c2\"></span>del <span class=\"_ _c5\"></span>resto <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>derivados <span class=\"_ _c2\"></span>se <span class=\"_ _c5\"></span>ha <span class=\"_ _c2\"></span>aplicado <span class=\"_ _c5\"></span>una <span class=\"_ _c2\"></span>t\u00e9cnica basada en <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>c\u00e1lculo <span class=\"_ _1\"></span>a trav\u00e9s <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>simulaciones de l<span class=\"_ _1\"></span>a exposici\u00f3n <span class=\"_ _1\"></span>total esperada <span class=\"_ _1\"></span>(que <span class=\"_ _1\"></span>incorpora tanto <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>expo-<span class=\"_ _29d\"> </span>sici\u00f3n <span class=\"_ _c5\"></span>actual <span class=\"_ _c5\"> </span>como <span class=\"_ _c0\"> </span>la <span class=\"_ _c5\"> </span>exposici\u00f3n <span class=\"_ _c5\"></span>potencial) <span class=\"_ _c5\"> </span>ajustada <span class=\"_ _c5\"> </span>por <span class=\"_ _c5\"> </span>la <span class=\"_ _c0\"> </span>probabilid<span class=\"_ _0\"></span>ad <span class=\"_ _c0\"> </span>de <span class=\"_ _c5\"> </span>incumplimiento <span class=\"_ _c5\"></span>a <span class=\"_ _c5\"> </span>lo <span class=\"_ _c0\"> </span>largo <span class=\"_ _c5\"> </span>del tiempo y por la severida<span class=\"_ _0\"></span>d (o p\u00e9rdida potencial) a<span class=\"_ _0\"></span>signada al Grupo y a<span class=\"_ _0\"></span> cada una de las contrapartes. <span class=\"_ _0\"></span> La <span class=\"_ _0\"></span>exposici<span class=\"_ _0\"></span>\u00f3n <span class=\"_ _0\"></span>total <span class=\"_ _0\"></span>esperad<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>inst<span class=\"_ _0\"></span>rumentos <span class=\"_ _0\"></span>fina<span class=\"_ _0\"></span>ncieros <span class=\"_ _0\"></span>derivados <span class=\"_ _0\"></span>se <span class=\"_ _bf\"></span>obtiene <span class=\"_ _0\"></span>usando <span class=\"_ _bf\"></span>inputs <span class=\"_ _0\"></span>observables<span class=\"_ _0\"></span> de <span class=\"_ _bf\"></span>mercado, <span class=\"_ _bf\"></span>como <span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>rvas <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>tipo <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>inter\u00e9s, <span class=\"_ _bf\"></span>tipo <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>cambio <span class=\"_ _bf\"></span>y <span class=\"_ _0\"></span>volatili<span class=\"_ _0\"></span>dades <span class=\"_ _bf\"></span>seg\u00fan <span class=\"_ _bf\"></span>las <span class=\"_ _bf\"></span>condiciones <span class=\"_ _bf\"></span>del <span class=\"_ _bf\"></span>mer<span class=\"_ _1\"></span>cado en la fecha de valoraci\u00f3<span class=\"_ _0\"></span>n.  Los <span class=\"_ _c2\"></span>inputs <span class=\"_ _c2\"></span>aplicados <span class=\"_ _c5\"></span>para<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>la <span class=\"_ _c2\"></span>obtenci\u00f3n <span class=\"_ _c2\"></span>del <span class=\"_ _c2\"></span>r<span class=\"_ _1\"></span>iesgo <span class=\"_ _c8\"></span>de <span class=\"_ _c5\"></span>cr\u00e9dito <span class=\"_ _c2\"></span>propio <span class=\"_ _c2\"></span>y <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>contraparte<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>(det<span class=\"_ _1\"></span>ermi<span class=\"_ _0\"></span>naci\u00f3n <span class=\"_ _c5\"></span>de <span class=\"_ _c2\"></span>la probabilidad<span class=\"_ _0\"></span> de <span class=\"ffb\">def<span class=\"_ _1\"></span>ault</span>) se basan principalmen<span class=\"_ _0\"></span>te en la aplicaci\u00f3n de spreads de cr\u00e9dito propio<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>o de empre-<span class=\"_ _29d\"> </span>sas <span class=\"_ _1\"></span>comparables<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>actualmente negociados en <span class=\"_ _1\"></span>el mercado <span class=\"_ _1\"></span>(<span class=\"ffb\">curvas de <span class=\"_ _1\"></span>CDS - <span class=\"_ _1\"></span>Credit <span class=\"_ _1\"></span>Default Swaps</span>-, TIR <span class=\"_ _1\"></span>emi-<span class=\"_ _29d\"> </span>siones de deuda<span class=\"_ _0\"></span>).  Asimismo, para el ajuste del valo<span class=\"_ _0\"></span>r r<span class=\"_ _1\"></span>azonable al riesg<span class=\"_ _0\"></span>o de cr\u00e9dito se han tenido en consideraci\u00f3n las mejoras<span class=\"_ _0\"></span> crediticias re<span class=\"_ _0\"></span>lativas <span class=\"_ _0\"></span>a gar<span class=\"_ _0\"></span>ant\u00edas o <span class=\"_ _0\"></span>colaterales <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>hora de <span class=\"_ _0\"></span>determinar <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>tasa de <span class=\"_ _0\"></span>severidad<span class=\"_ _0\"></span> a <span class=\"_ _0\"></span>aplicar <span class=\"_ _0\"></span>para <span class=\"_ _0\"></span>cada una de las <span class=\"_ _1\"></span>posiciones.<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>La severidad se considera \u00fanica en el tiempo. <span class=\"_ _1\"></span>En<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>el caso de no existir <span class=\"_ _1\"></span>mejor<span class=\"_ _0\"></span>as <span class=\"_ _1\"></span>credi-<span class=\"_ _29d\"> </span>ticias relativas a garant<span class=\"_ _0\"></span>\u00edas o colaterales, se ha apl<span class=\"_ _0\"></span>icado como tasa m\u00ednima<span class=\"_ _0\"></span> de recuperaci\u00f3n un 40%<span class=\"_ _0\"></span>.  El Grupo ha <span class=\"_ _1\"></span>determinado que la mayor\u00eda <span class=\"_ _1\"></span>de los inputs empleados para la determinaci\u00f3n del valor razonable de <span class=\"_ _1\"></span>los <span class=\"_ _c4\"></span>instrumentos <span class=\"_ _c4\"></span>financie<span class=\"_ _0\"></span>ros <span class=\"_ _c4\"></span>derivados, <span class=\"_ _1\"></span>en <span class=\"_ _c4\"></span>base <span class=\"_ _c4\"></span>a <span class=\"_ _c4\"></span>los <span class=\"_ _1\"></span>niveles <span class=\"_ _c4\"></span>jer\u00e1rquicos <span class=\"_ _1\"></span>detallados <span class=\"_ _1\"></span>en <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>nota <span class=\"_ _1\"></span>4, <span class=\"_ _c4\"></span>se <span class=\"_ _c4\"></span>en-<span class=\"_ _29d\"> </span>cuentran <span class=\"_ _1\"></span>en <span class=\"_ _c4\"></span>el <span class=\"_ _c4\"></span>Nivel <span class=\"_ _1\"></span>2 <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>jerarqu\u00eda, <span class=\"_ _1\"></span>incluyendo <span class=\"_ _1\"></span>los <span class=\"_ _c4\"></span>datos <span class=\"_ _c4\"></span>emplea<span class=\"_ _0\"></span>dos <span class=\"_ _c4\"></span>para <span class=\"_ _c4\"></span>el <span class=\"_ _1\"></span>c\u00e1lculo <span class=\"_ _c4\"></span>del <span class=\"_ _1\"></span>ajuste <span class=\"_ _1\"></span>por <span class=\"_ _c4\"></span>riesgo de cr\u00e9dito propio<span class=\"_ _0\"></span> y de contraparte.   En <span class=\"_ _c2\"></span>el <span class=\"_ _c5\"></span>caso <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>haberse <span class=\"_ _c2\"></span>aplicado <span class=\"_ _c2\"></span>inputs <span class=\"_ _c5\"></span>clasificad<span class=\"_ _0\"></span>os <span class=\"_ _c5\"></span>como <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>Nivel <span class=\"_ _c2\"></span>3, <span class=\"_ _c5\"></span>el <span class=\"_ _c2\"></span>Grupo <span class=\"_ _c5\"></span>ha <span class=\"_ _c2\"></span>procedido <span class=\"_ _c2\"></span>a <span class=\"_ _c5\"></span>calcula<span class=\"_ _0\"></span>r <span class=\"_ _c5\"> </span>el impacto <span class=\"_ _c0\"> </span>que <span class=\"_ _c9\"> </span>sup<span class=\"_ _0\"></span>one <span class=\"_ _c0\"> </span>la <span class=\"_ _c9\"> </span>introducci\u00f3n <span class=\"_ _c0\"> </span>de <span class=\"_ _c0\"> </span>dichos <span class=\"_ _c0\"> </span>datos <span class=\"_ _c0\"> </span>sobre <span class=\"_ _c0\"> </span>el <span class=\"_ _c0\"> </span>t<span class=\"_ _1\"></span>otal <span class=\"_ _c0\"> </span>de <span class=\"_ _c0\"> </span>la <span class=\"_ _c0\"> </span>valoraci\u00f3n <span class=\"_ _c0\"> </span>de <span class=\"_ _c9\"> </span>los <span class=\"_ _c5\"> </span>instr<span class=\"_ _1\"></span>umen<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>os<span class=\"_ _29d\"> </span>financieros derivados y h<span class=\"_ _0\"></span>a determinado que no son significativos. Por tanto, el Grupo ha determin<span class=\"_ _0\"></span>ado que el total de la cartera de<span class=\"_ _0\"></span> instrumentos financieros<span class=\"_ _0\"></span> derivados se clasifica en el N<span class=\"_ _0\"></span>ivel 2 de la jerarqu\u00eda.  El G<span class=\"_ _1\"></span>rupo utiliza <span class=\"_ _1\"></span>precios <span class=\"_ _1\"></span>medios <span class=\"_ _1\"></span>de m<span class=\"_ _1\"></span>ercado como inputs <span class=\"_ _1\"></span>observables <span class=\"_ _1\"></span>a partir<span class=\"_ _1\"></span> de <span class=\"_ _1\"></span>fuentes <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>informaci\u00f3n ex-<span class=\"_ _29d\"> </span>ternas reconoci<span class=\"_ _0\"></span>das en los mercados financieros<span class=\"_ _0\"></span>.   El detall<span class=\"_ _0\"></span>e a 31 de <span class=\"_ _0\"></span>diciembre <span class=\"_ _0\"></span>de 2022 y<span class=\"_ _0\"></span> 2021 de<span class=\"_ _0\"></span> las cobertura<span class=\"_ _0\"></span>s en miles <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>euros se mue<span class=\"_ _0\"></span>stra a conti<span class=\"_ _0\"></span>nuaci\u00f3n:  2022 Tipo medio derivado<span class=\"_ _0\"></span> <span class=\"_ _f9\"> </span>No corri<span class=\"_ _1\"></span>ente<span class=\"_ _29d\"> </span>Corriente<span class=\"_ _29d\"> </span>Plazo de Miles de euros <span class=\"_ _122\"> </span>Pri<span class=\"_ _1\"></span>ncipal venci-<span class=\"_ _29d\"> </span>A pagar <span class=\"_ _5e\"> </span>A cobrar <span class=\"_ _175\"> </span>Activo <span class=\"_ _176\"> </span>Pasivo <span class=\"_ _d9\"> </span>Act<span class=\"_ _0\"></span>ivo <span class=\"_ _177\"> </span>Pasivo miento<span class=\"_ _29d\"> </span>Cobertura de tipo de<span class=\"_ _0\"></span> inter\u00e9s: <span class=\"_ _178\"> </span> - Cobertura de flujos de<span class=\"_ _0\"></span> caja: <span class=\"_ _17a\"> </span> 389.542 miles de Swap de tipo de in<span class=\"_ _0\"></span>ter\u00e9s Hasta 2031<span class=\"_ _29d\"> </span>2,48% <span class=\"_ _17b\"> </span>EURIBOR+0,11%<span class=\"_ _29d\"> </span>8.065<span class=\"_ _29d\"> </span>(78)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>euros<span class=\"_ _29d\"> </span>- Precobertura de flujo<span class=\"_ _0\"></span>s de caja: <span class=\"_ _17c\"> </span> Swap de tipo de in<span class=\"_ _0\"></span>ter\u00e9s con co-<span class=\"_ _29d\"> </span>100.000 miles de Hasta 2029<span class=\"_ _29d\"> </span>0,32% <span class=\"_ _1b\"> </span>EURIBOR<span class=\"_ _29d\"> </span>15.301<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>mienzo diferido en<span class=\"_ _0\"></span> 2023 euros<span class=\"_ _29d\"> </span>Swap de tipo de in<span class=\"_ _0\"></span>ter\u00e9s con co-<span class=\"_ _29d\"> </span>100.000 miles de Hasta 2030<span class=\"_ _29d\"> </span>0,06% <span class=\"_ _1b\"> </span>EURIBOR<span class=\"_ _29d\"> </span>15.878<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>mienzo diferido en<span class=\"_ _0\"></span> 2024 euros<span class=\"_ _29d\"> </span>Swap de tipo de in<span class=\"_ _0\"></span>ter\u00e9s con co-<span class=\"_ _29d\"> </span>200.000 miles de Hasta 2031<span class=\"_ _29d\"> </span>0,20% <span class=\"_ _1b\"> </span>EURIBOR<span class=\"_ _29d\"> </span>28.743<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>mienzo diferido en<span class=\"_ _0\"></span> 2025 euros<span class=\"_ _29d\"> </span>Cobertura de tipo de<span class=\"_ _0\"></span> cambio: - Cobertura de inver<span class=\"_ _0\"></span>si\u00f3n neta: 150.000 miles de Cross currency swa<span class=\"_ _0\"></span>p d\u00f3lares Hasta 2026<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>(2.209)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>americanos<span class=\"_ _29d\"> </span>- Precobertura de flujo<span class=\"_ _0\"></span>s de caja: <span class=\"_ _17c\"> </span> 65.230 miles de Cross currency swa<span class=\"_ _0\"></span>p d\u00f3lares Hasta 2031<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>(7.200)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>americanos<span class=\"_ _29d\"> </span>208.673 miles de Forward de Divi<span class=\"_ _0\"></span>sa d\u00f3lares Hasta 2032<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>5.709<span class=\"_ _29d\"> </span>(3.525)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>(6.864)<span class=\"_ _29d\"> </span>americanos<span class=\"_ _29d\"> </span>28.543 miles de Forward de Divi<span class=\"_ _0\"></span>sa Hasta 2023<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>(189)<span class=\"_ _29d\"> </span>reales brasile\u00f1os<span class=\"_ _29d\"> </span>Cobertura de tipo de<span class=\"_ _0\"></span> inter\u00e9s y de cambio<span class=\"_ _0\"></span> - Cobertura de flujos de<span class=\"_ _0\"></span> caja (Cross curre<span class=\"_ _0\"></span>ncy swap): 250.000 miles de Cobertura de tipo de<span class=\"_ _0\"></span> inter\u00e9s 4,12% 2.917<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>d\u00f3lares Hasta 2035<span class=\"_ _29d\"> </span>5,35% USD EUR americanos<span class=\"_ _29d\"> </span>Cobertura de tipo de<span class=\"_ _0\"></span> cambio <span class=\"_ _61\"> </span>28.459<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>- Cobertura de flujos de<span class=\"_ _0\"></span> caja (Cross curre<span class=\"_ _0\"></span>ncy swap): Cobertura de tipo de<span class=\"_ _0\"></span> inter\u00e9s <span class=\"_ _231\"></span>77.567 miles de 5.544<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>2,975% d\u00f3lares Hasta 2031<span class=\"_ _29d\"> </span>EURIBOR + 0,38%<span class=\"_ _29d\"> </span>USD Cobertura de tipo de<span class=\"_ _0\"></span> cambio <span class=\"_ _17d\"> </span>-<span class=\"_ _29d\"> </span>(9.004)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>americanos<span class=\"_ _29d\"> </span>Total <span class=\"_ _17e\"> </span> 110.616<span class=\"_ _29d\"> </span>(22.016)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>(7.053<span class=\"_ _29d\"> </span>)<span class=\"_ _29d\"> </span>2021 Tipo medio derivado<span class=\"_ _0\"></span> <span class=\"_ _115\"> </span>No corri<span class=\"_ _1\"></span>ente<span class=\"_ _29d\"> </span>Corriente<span class=\"_ _29d\"> </span>Miles de euros Principal <span class=\"_ _42\"> </span>Plazo de ven<span class=\"_ _1\"></span>cimiento<span class=\"_ _29d\"> </span>A pagar <span class=\"_ _4e\"> </span> A cobrar <span class=\"_ _fa\"> </span>Activo<span class=\"_ _29d\"> </span>Pasivo<span class=\"_ _29d\"> </span>Activo<span class=\"_ _29d\"> </span>Pasivo<span class=\"_ _29d\"> </span>Cobertura de tipo de inter\u00e9s: - Cobertura de flujos<span class=\"_ _0\"></span> de caja: <span class=\"_ _180\"> </span> 225.000 miles Swap de tipo de in<span class=\"_ _0\"></span>ter\u00e9s Hasta 2022<span class=\"_ _29d\"> </span>0,34% <span class=\"_ _93\"> </span>EURIBOR <span class=\"_ _fc\"> </span>- - - (1.544) de euros<span class=\"_ _29d\"> </span>43.621 miles de Swap de tipo de in<span class=\"_ _0\"></span>ter\u00e9s Hasta 2031<span class=\"_ _29d\"> </span>0,72% <span class=\"_ _75\"> </span>EURIBOR+0,38%<span class=\"_ _29d\"> </span>438<span class=\"_ _29d\"> </span>- - - euros<span class=\"_ _29d\"> </span>- Precobertura de f<span class=\"_ _0\"></span>lujos de caja:<span class=\"_ _29d\"> </span>Swap de tipo de in<span class=\"_ _0\"></span>ter\u00e9s con 20.921 miles de Hasta 2031<span class=\"_ _29d\"> </span>0,72% <span class=\"_ _75\"> </span>EURIBOR+0,38%<span class=\"_ _29d\"> </span>207<span class=\"_ _29d\"> </span>- - - comienzo diferido<span class=\"_ _0\"></span> en 2022 euros<span class=\"_ _29d\"> </span>Swap de tipo de in<span class=\"_ _0\"></span>ter\u00e9s con 100.000 miles Hasta 2029<span class=\"_ _29d\"> </span>0,32% <span class=\"_ _93\"> </span>EURIBOR <span class=\"_ _182\"> </span>1.131<span class=\"_ _29d\"> </span>(1.673)<span class=\"_ _29d\"> </span>- - comienzo diferido<span class=\"_ _0\"></span> en 2023 de euros<span class=\"_ _29d\"> </span>Swap de tipo de in<span class=\"_ _0\"></span>ter\u00e9s con 100.000 miles Hasta 2030<span class=\"_ _29d\"> </span>0,06% <span class=\"_ _93\"> </span>EURIBOR <span class=\"_ _182\"> </span>1.655<span class=\"_ _29d\"> </span>- - - comienzo diferido<span class=\"_ _0\"></span> en 2024 de euros<span class=\"_ _29d\"> </span>Swap de tipo de in<span class=\"_ _0\"></span>ter\u00e9s con 200.000 miles Hasta 2031<span class=\"_ _29d\"> </span>0,20% <span class=\"_ _93\"> </span>EURIBOR <span class=\"_ _182\"> </span>2.758<span class=\"_ _29d\"> </span>- - - comienzo diferido<span class=\"_ _0\"></span> en 2025 de euros<span class=\"_ _29d\"> </span>Cobertura de tipo de<span class=\"_ _0\"></span> cambio:<span class=\"_ _29d\"> </span>- Cobertura de inver<span class=\"_ _0\"></span>si\u00f3n neta:<span class=\"_ _29d\"> </span>150.000 miles Cross currency swa<span class=\"_ _0\"></span>p de d\u00f3lares Hasta 2026<span class=\"_ _29d\"> </span>-  <span class=\"_ _8b\"> </span>-  <span class=\"_ _14\"> </span>6.099<span class=\"_ _29d\"> </span>- - - americanos<span class=\"_ _29d\"> </span>- Precobertura de flujo<span class=\"_ _0\"></span>s de caja:<span class=\"_ _29d\"> </span>161.432 miles Cross currency swa<span class=\"_ _0\"></span>p de d\u00f3lares Hasta 2031  <span class=\"_ _96\"> </span>  <span class=\"_ _113\"> </span>- (9.535)<span class=\"_ _29d\"> </span>- - americanos<span class=\"_ _29d\"> </span>189.598 miles Forward de Divi<span class=\"_ _0\"></span>sa de d\u00f3lares Hasta 2025<span class=\"_ _29d\"> </span>-  <span class=\"_ _13a\"> </span>  <span class=\"_ _113\"> </span>- (5.228)<span class=\"_ _29d\"> </span>33<span class=\"_ _29d\"> </span>(3.585)<span class=\"_ _29d\"> </span>americanos<span class=\"_ _29d\"> </span>45.885 miles de Forward de Divi<span class=\"_ _0\"></span>sa reales Hasta 2022<span class=\"_ _29d\"> </span>-  <span class=\"_ _13a\"> </span>  <span class=\"_ _113\"> </span>- - 58<span class=\"_ _29d\"> </span>- brasile\u00f1os<span class=\"_ _29d\"> </span>Cobertura de tipo de<span class=\"_ _0\"></span> inter\u00e9s y de cambio:<span class=\"_ _29d\"> </span>- Cobertura de flujos de<span class=\"_ _0\"></span> caja (Cross curre<span class=\"_ _0\"></span>ncy swap):<span class=\"_ _29d\"> </span>Cobertura de tipo de<span class=\"_ _0\"></span>  4,12% EUR<span class=\"_ _29d\"> </span>5,35% USD <span class=\"_ _5b\"> </span>(3.496)<span class=\"_ _29d\"> </span>- - - inter\u00e9s 250.000 miles de d\u00f3lares Hasta 2035<span class=\"_ _29d\"> </span>Cobertura de tipo de<span class=\"_ _0\"></span>  americanos<span class=\"_ _29d\"> </span>-  <span class=\"_ _8b\"> </span>-  <span class=\"_ _f4\"> </span>14.80<span class=\"_ _0\"></span>0<span class=\"_ _29d\"> </span>- - - cambio Total <span class=\"_ _183\"> </span>   <span class=\"_ _96\"> </span>  <span class=\"_ _184\"> </span>23.592<span class=\"_ _29d\"> </span>(16.436)<span class=\"_ _29d\"> </span>91<span class=\"_ _29d\"> </span>(5.129)<span class=\"_ _29d\"> </span>Asimismo, <span class=\"_ _c2\"></span>el <span class=\"_ _c8\"></span>detalle <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>los <span class=\"_ _c8\"></span>fluj<span class=\"_ _1\"></span>os <span class=\"_ _c8\"></span>esperados <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>los <span class=\"_ _c8\"></span>derivados <span class=\"_ _c2\"></span>a <span class=\"_ _c2\"></span>31 <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>diciembre <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>2022 <span class=\"_ _c8\"></span>y <span class=\"_ _c2\"></span>2021 <span class=\"_ _c8\"></span>que <span class=\"_ _c8\"></span>son similares a sus i<span class=\"_ _0\"></span>mpactos esperados en resultados, po<span class=\"_ _0\"></span>r a\u00f1os de ocurrenci<span class=\"_ _0\"></span>a es como sigue:<span class=\"_ _29d\"> </span>Vencimientos a 31 de<span class=\"_ _0\"></span> diciembre de 2022 2028 y Plazo de si-<span class=\"_ _29d\"> </span>Miles de euros <span class=\"_ _185\"> </span>Principal 2023 <span class=\"_ _f0\"> </span>2024 <span class=\"_ _db\"> </span>2025 <span class=\"_ _186\"> </span>2026 <span class=\"_ _187\"> </span>2027 Total vencimiento<span class=\"_ _29d\"> </span>guien-<span class=\"_ _29d\"> </span>tes<span class=\"_ _29d\"> </span>Cobertura de tipo de inter\u00e9s: - Cobertura de flujos de<span class=\"_ _0\"></span> caja: 389.542 mi-<span class=\"_ _29d\"> </span>Swap de tipo de in<span class=\"_ _0\"></span>ter\u00e9s Hasta 2031<span class=\"_ _29d\"> </span>- (78)<span class=\"_ _29d\"> </span>- - - 8.065<span class=\"_ _29d\"> </span>7.987<span class=\"_ _29d\"> </span>les de euros<span class=\"_ _29d\"> </span>- Precobertura de flujo<span class=\"_ _0\"></span>s de caja: Swap de tipo de in<span class=\"_ _0\"></span>ter\u00e9s con comienzo 100.000 mi-<span class=\"_ _29d\"> </span>Hasta 2029<span class=\"_ _29d\"> </span>- - - - - 15.301<span class=\"_ _29d\"> </span>15.301<span class=\"_ _29d\"> </span>diferido en 2023<span class=\"_ _0\"></span> les de euros<span class=\"_ _29d\"> </span>Swap de tipo de in<span class=\"_ _0\"></span>ter\u00e9s con comienzo 100.000 mi-<span class=\"_ _29d\"> </span>Hasta 2030<span class=\"_ _29d\"> </span>- - - - - 15.878<span class=\"_ _29d\"> </span>15.878<span class=\"_ _29d\"> </span>diferido en 2024<span class=\"_ _0\"></span> les de euros<span class=\"_ _29d\"> </span>Swap de tipo de in<span class=\"_ _0\"></span>ter\u00e9s con comienzo 200.000 mi-<span class=\"_ _29d\"> </span>Hasta 2031<span class=\"_ _29d\"> </span>- - - - - 28.743<span class=\"_ _29d\"> </span>28.743<span class=\"_ _29d\"> </span>diferido en 2025<span class=\"_ _0\"></span> les de euros<span class=\"_ _29d\"> </span>Cobertura de tipo de cambio: - Cobertura de inver<span class=\"_ _0\"></span>si\u00f3n neta: 150.000 mi-<span class=\"_ _29d\"> </span>les de d\u00f3la-<span class=\"_ _29d\"> </span>Cross currency swa<span class=\"_ _0\"></span>p Hasta 2026<span class=\"_ _29d\"> </span>- - - (2.209)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>- (2.209)<span class=\"_ _29d\"> </span>res america-<span class=\"_ _29d\"> </span>nos<span class=\"_ _29d\"> </span>- Precobertura de flujo<span class=\"_ _0\"></span>s de caja: 65.230 miles Cross currency swa<span class=\"_ _0\"></span>p de d\u00f3lares Hasta 2031<span class=\"_ _29d\"> </span>- - - - - (7.200)<span class=\"_ _29d\"> </span>(7.200)<span class=\"_ _29d\"> </span>americanos<span class=\"_ _29d\"> </span>203.710 mi-<span class=\"_ _29d\"> </span>les de d\u00f3la-<span class=\"_ _29d\"> </span>Forward de Divi<span class=\"_ _0\"></span>sa Hasta 2032<span class=\"_ _29d\"> </span>(6.864)<span class=\"_ _29d\"> </span>(1.916)<span class=\"_ _29d\"> </span>(255)<span class=\"_ _29d\"> </span>867<span class=\"_ _29d\"> </span>1.214<span class=\"_ _29d\"> </span>2.275<span class=\"_ _29d\"> </span>(4.679)<span class=\"_ _29d\"> </span>res america-<span class=\"_ _29d\"> </span>nos<span class=\"_ _29d\"> </span>45.885 miles Forward de Divi<span class=\"_ _0\"></span>sa de reales Hasta 2023<span class=\"_ _29d\"> </span>(189)<span class=\"_ _29d\"> </span>- - - - - (189)<span class=\"_ _29d\"> </span>brasile\u00f1os<span class=\"_ _29d\"> </span>Cobertura de tipo de inter\u00e9s y de <span class=\"_ _0\"></span>cambio - Cobertura de flujos de<span class=\"_ _0\"></span> caja (Cross curre<span class=\"_ _0\"></span>ncy swap): Cobertura de tipo de<span class=\"_ _0\"></span> inter\u00e9s <span class=\"_ _232\"></span>250.000 mi-<span class=\"_ _29d\"> </span>- - (78)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>- 2.995<span class=\"_ _29d\"> </span>2.917<span class=\"_ _29d\"> </span>les de d\u00f3la-<span class=\"_ _29d\"> </span>Hasta 2035<span class=\"_ _29d\"> </span>res america-<span class=\"_ _29d\"> </span>Cobertura de tipo de<span class=\"_ _0\"></span> cambio <span class=\"_ _188\"> </span>- - 17.075<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>- 11.384<span class=\"_ _29d\"> </span>28.459<span class=\"_ _29d\"> </span>nos<span class=\"_ _29d\"> </span>- Cobertura de flujos de<span class=\"_ _0\"></span> caja (Cross curre<span class=\"_ _0\"></span>ncy swap): Cobertura de tipo de<span class=\"_ _0\"></span> inter\u00e9s <span class=\"_ _233\"></span>77.567 miles - - -<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>- 5.543<span class=\"_ _29d\"> </span>5.543<span class=\"_ _29d\"> </span>de d\u00f3lares Hasta 2031<span class=\"_ _29d\"> </span>Cobertura de tipo de<span class=\"_ _0\"></span> cambio <span class=\"_ _188\"> </span>- - -<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>- (9.004)<span class=\"_ _29d\"> </span>(9.004)<span class=\"_ _29d\"> </span>americanos<span class=\"_ _29d\"> </span>Total (7.053)<span class=\"_ _29d\"> </span>(1.994)<span class=\"_ _29d\"> </span>16.742<span class=\"_ _29d\"> </span>(1.342)<span class=\"_ _29d\"> </span>1.214<span class=\"_ _29d\"> </span>73.980<span class=\"_ _29d\"> </span>81.547<span class=\"_ _29d\"> </span>Vencimientos a 31 de diciembre de 2021 2027 y Plazo de si-<span class=\"_ _29d\"> </span>Miles de euros <span class=\"_ _189\"> </span><span class=\"ff5\">Principal </span>venci-<span class=\"_ _29d\"> </span>2022 <span class=\"_ _f0\"> </span>2023<span class=\"_ _0\"></span> <span class=\"_ _13f\"> </span>2<span class=\"_ _0\"></span>024 <span class=\"_ _17b\"> </span>2025 <span class=\"_ _75\"> </span>2<span class=\"_ _0\"></span>026 Total guien-<span class=\"_ _29d\"> </span>miento tes<span class=\"_ _29d\"> </span>Cobertura de tipo de inter\u00e9s: - Cobertura de flujos de<span class=\"_ _0\"></span> caja: <span class=\"_ _151\"> </span> 225.000 miles Swap de tipo de in<span class=\"_ _0\"></span>ter\u00e9s Hasta 2022<span class=\"_ _29d\"> </span>(1.544)<span class=\"_ _29d\"> </span>- - - - - (1.544)<span class=\"_ _29d\"> </span>de euros<span class=\"_ _29d\"> </span>43.621 miles Swap de tipo de in<span class=\"_ _0\"></span>ter\u00e9s Hasta 2031<span class=\"_ _29d\"> </span>- - - - - 438<span class=\"_ _29d\"> </span>433<span class=\"_ _29d\"> </span>de euros<span class=\"_ _29d\"> </span>- Precobertura de flujo<span class=\"_ _0\"></span>s de caja: <span class=\"_ _18a\"> </span> Swap de tipo de in<span class=\"_ _0\"></span>ter\u00e9s con comienzo 20.921 miles Hasta 2031<span class=\"_ _29d\"> </span>- - - - - 207<span class=\"_ _29d\"> </span>207<span class=\"_ _29d\"> </span>diferido en 2022<span class=\"_ _0\"></span> de euros<span class=\"_ _29d\"> </span>Swap de tipo de in<span class=\"_ _0\"></span>ter\u00e9s con comienzo 100.000 miles Hasta 2029<span class=\"_ _29d\"> </span>- - - - - (542)<span class=\"_ _29d\"> </span>(542)<span class=\"_ _29d\"> </span>diferido en 2023<span class=\"_ _0\"></span> de euros<span class=\"_ _29d\"> </span>Swap de tipo de in<span class=\"_ _0\"></span>ter\u00e9s con comienzo 100.000 miles Hasta 2030<span class=\"_ _29d\"> </span>- - - - - 1.655<span class=\"_ _29d\"> </span>1.655<span class=\"_ _29d\"> </span>diferido en 2024<span class=\"_ _0\"></span> de euros<span class=\"_ _29d\"> </span>Swap de tipo de in<span class=\"_ _0\"></span>ter\u00e9s con comienzo 200.000 miles Hasta 2031<span class=\"_ _29d\"> </span>- - - - - 2.758<span class=\"_ _29d\"> </span>2.758<span class=\"_ _29d\"> </span>diferido en 2025<span class=\"_ _0\"></span> de euros<span class=\"_ _29d\"> </span>Cobertura de tipo de cambio: - Cobertura de inver<span class=\"_ _0\"></span>si\u00f3n neta: <span class=\"_ _11d\"> </span> 150.000 miles Cross currency swa<span class=\"_ _0\"></span>p de d\u00f3lares Hasta 2026<span class=\"_ _29d\"> </span>- - - - 6.099<span class=\"_ _29d\"> </span>- 6.099<span class=\"_ _29d\"> </span>americanos<span class=\"_ _29d\"> </span>- Precobertura de flujo<span class=\"_ _0\"></span>s de caja: <span class=\"_ _18a\"> </span> 161.432 miles Cross currency swa<span class=\"_ _0\"></span>p de d\u00f3lares Hasta 2031<span class=\"_ _29d\"> </span>- - - - - (9.535)<span class=\"_ _29d\"> </span>(9.535)<span class=\"_ _29d\"> </span>americanos<span class=\"_ _29d\"> </span>189.598 miles Forward de Divi<span class=\"_ _0\"></span>sa de d\u00f3lares Hasta 2025<span class=\"_ _29d\"> </span>(3.552)<span class=\"_ _29d\"> </span>(3.486)<span class=\"_ _29d\"> </span>(1.383)<span class=\"_ _29d\"> </span>(359)<span class=\"_ _29d\"> </span>- - (8.781)<span class=\"_ _29d\"> </span>americanos<span class=\"_ _29d\"> </span>45.885 miles Forward de Divi<span class=\"_ _0\"></span>sa de reales Hasta 2022<span class=\"_ _29d\"> </span>58<span class=\"_ _29d\"> </span>- - - - - 58<span class=\"_ _29d\"> </span>brasile\u00f1os<span class=\"_ _29d\"> </span>Cobertura de tipo de inter\u00e9s y de <span class=\"_ _0\"></span>cambio - Cobertura de flujos de<span class=\"_ _0\"></span> caja (Cross curre<span class=\"_ _0\"></span>ncy swap): Cobertura de tipo de<span class=\"_ _0\"></span> inter\u00e9s <span class=\"_ _234\"></span>250.000 miles - - - (644)<span class=\"_ _29d\"> </span>- (2.852)<span class=\"_ _29d\"> </span>(3.496)<span class=\"_ _29d\"> </span>de d\u00f3lares Hasta 2035<span class=\"_ _29d\"> </span>americanos<span class=\"_ _29d\"> </span>Cobertura de tipo de<span class=\"_ _0\"></span> cambio <span class=\"_ _150\"> </span>-<span class=\"_ _0\"></span> - - 8.880<span class=\"_ _29d\"> </span>- 5.920<span class=\"_ _29d\"> </span>14.800<span class=\"_ _29d\"> </span>Total <span class=\"_ _18b\"> </span> (5.038)<span class=\"_ _29d\"> </span>(3.486)<span class=\"_ _29d\"> </span>(1.383)<span class=\"_ _29d\"> </span>7.877<span class=\"_ _29d\"> </span>6.099<span class=\"_ _29d\"> </span>(1.951)<span class=\"_ _29d\"> </span>2.118<span class=\"_ _29d\"> </span>Durante <span class=\"_ _1\"></span>los <span class=\"_ _c8\"></span>ejercicios <span class=\"_ _1\"></span>2022 <span class=\"_ _c4\"></span>y <span class=\"_ _c4\"></span>2021 <span class=\"_ _c4\"></span>el <span class=\"_ _c4\"></span>Grupo <span class=\"_ _c4\"></span>ha <span class=\"_ _c4\"></span>reconocido <span class=\"_ _1\"></span>como <span class=\"_ _c4\"></span>consecuencia<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>de <span class=\"_ _c4\"></span>las <span class=\"_ _1\"></span>coberturas <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>flujos de efectivo reali<span class=\"_ _0\"></span>zadas los siguientes importes:    <span class=\"_ _12e\"> </span><span class=\"ff5 fc2\">2022  <span class=\"_ _144\"> </span>2.021 </span>Inversio-<span class=\"_ _29d\"> </span>Inversio-<span class=\"_ _29d\"> </span>nes con-<span class=\"_ _29d\"> </span>nes con-<span class=\"_ _29d\"> </span>Pasivos Pasivos tabiliza-<span class=\"_ _29d\"> </span>tabiliza-<span class=\"_ _29d\"> </span>Finan-<span class=\"_ _29d\"> </span>Deriva-<span class=\"_ _29d\"> </span>Finan-<span class=\"_ _29d\"> </span>Deriva-<span class=\"_ _29d\"> </span>das apli-<span class=\"_ _29d\"> </span>das apli-<span class=\"_ _29d\"> </span>cieros a dos de cieros a dos de cando el Total<span class=\"_ _29d\"> </span>cando el Total<span class=\"_ _29d\"> </span>coste Cober-<span class=\"_ _29d\"> </span>coste Cober-<span class=\"_ _29d\"> </span>m\u00e9todo m\u00e9todo amorti-<span class=\"_ _29d\"> </span>tura (*)<span class=\"_ _29d\"> </span>amorti-<span class=\"_ _29d\"> </span>tura (*) de la par-<span class=\"_ _29d\"> </span>de la par-<span class=\"_ _29d\"> </span>zado<span class=\"_ _29d\"> </span>zado<span class=\"_ _29d\"> </span>ticipa-<span class=\"_ _29d\"> </span>ticipa-<span class=\"_ _29d\"> </span>ci\u00f3n<span class=\"_ _29d\"> </span>ci\u00f3n<span class=\"_ _29d\"> </span>(P\u00e9rdidas) / Ganancia<span class=\"_ _0\"></span>s en el Estado de Resul<span class=\"_ _0\"></span>tados 9.052 10.456 - 19.508 3.540 2.408 -<span class=\"_ _29d\"> </span>5.948 Consolidado<span class=\"_ _29d\"> </span>(P\u00e9rdidas) / Ganancia<span class=\"_ _0\"></span>s en el Estado de Otro  63.929 405 9.369 73.703 12.503 (8.516)<span class=\"_ _29d\"> </span>23.938 27.925 Resultado Global Consol<span class=\"_ _0\"></span>idado Total <span class=\"_ _aa\"> </span>72.981 10.861 9.369 93.211 16.043 (6.108)<span class=\"_ _29d\"> </span>23.938 33.873 (*) Corresponde <span class=\"_ _1\"></span>a una cobertura <span class=\"_ _1\"></span>de flujos d<span class=\"_ _1\"></span>e efectivo <span class=\"_ _1\"></span>de una transacci\u00f3n <span class=\"_ _1\"></span>prevista altam<span class=\"_ _1\"></span>ente prob<span class=\"_ _1\"></span>able.<span class=\"_ _29d\"> </span>21<span class=\"ff3\"> <span class=\"_ _1\"></span></span>Acreed<span class=\"_ _1\"></span>ores comercia<span class=\"_ _1\"></span>les y otr<span class=\"_ _1\"></span>as cuentas <span class=\"_ _1\"></span>a pagar El detalle de este ep\u00edgrafe del Estado de situaci\u00f3<span class=\"_ _0\"></span>n financiera consolidado a 31 de diciembre de 20<span class=\"_ _0\"></span>22 y 2021 es como sigue:  Miles de euros<span class=\"_ _235\"></span><span class=\"_ _29d\"> </span>2022 2021<span class=\"_ _29d\"> </span>Proveedores <span class=\"_ _18c\"> </span>485.624 382.309 Otros acreedores <span class=\"_ _16d\"> </span>661.232 409.459 Pasivo por impuesto cor<span class=\"_ _1\"></span>riente (nota 22) <span class=\"_ _56\"> </span>13.<span class=\"_ _1\"></span>320 10.887 Total <span class=\"_ _18d\"> </span>1.160.176 802.655 El <span class=\"_ _c2\"></span>ep\u00ed<span class=\"_ _1\"></span>grafe <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"> </span>Proveedores <span class=\"_ _c2\"></span>corresponde <span class=\"_ _c5\"></span>fundam<span class=\"_ _0\"></span>entalmente <span class=\"_ _c5\"></span>a <span class=\"_ _c2\"></span>importes <span class=\"_ _c5\"></span>pendie<span class=\"_ _0\"></span>ntes <span class=\"_ _c5\"> </span>de <span class=\"_ _c5\"></span>vencimient<span class=\"_ _0\"></span>o <span class=\"_ _c5\"></span>por <span class=\"_ _c5\"></span>la compra <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>bienes <span class=\"_ _1\"></span>y <span class=\"_ _c4\"></span>servici<span class=\"_ _0\"></span>os <span class=\"_ _c4\"></span>por <span class=\"_ _c4\"></span>operaciones<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>tr\u00e1fico, <span class=\"_ _c4\"></span>fundamentalmen<span class=\"_ _0\"></span>te <span class=\"_ _c4\"></span>a <span class=\"_ _c4\"></span>deudas <span class=\"_ _1\"></span>derivadas <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>los <span class=\"_ _c4\"></span>tra-<span class=\"_ _29d\"> </span>bajos de reparaci\u00f3n y <span class=\"_ _0\"></span>mantenimiento, de modi<span class=\"_ _0\"></span>ficaci\u00f3n de instalaciones.<span class=\"_ _0\"></span>   Dentro <span class=\"_ _c5\"></span>de <span class=\"_ _c5\"></span>este <span class=\"_ _c2\"></span>ep\u00edgrafe <span class=\"_ _c5\"></span>se <span class=\"_ _c5\"></span>incluyen <span class=\"_ _c2\"></span>tambi\u00e9n <span class=\"_ _c5\"> </span>pasivos <span class=\"_ _c5\"></span>corrientes<span class=\"_ _0\"></span> <span class=\"_ _c5\"> </span>de <span class=\"_ _c5\"> </span>contratos <span class=\"_ _c5\"></span>con <span class=\"_ _c2\"></span>clientes <span class=\"_ _c5\"></span>por <span class=\"_ _c5\"></span>importe<span class=\"_ _0\"></span> <span class=\"_ _c0\"> </span>de<span class=\"_ _0\"></span> 37.033 miles de eu<span class=\"_ _0\"></span>ros <span class=\"_ _1\"></span>a <span class=\"_ _0\"></span>31 de diciembre de 2022 (54.54<span class=\"_ _0\"></span>1 miles de euros a 31 de dicie<span class=\"_ _0\"></span>mbre de 2021). Estos pasivos fueron <span class=\"_ _1\"></span>registrados com<span class=\"_ _1\"></span>o anticipos r<span class=\"_ _1\"></span>ecibido<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>cuenta <span class=\"_ _1\"></span>de futuras pr<span class=\"_ _1\"></span>estaciones de <span class=\"_ _1\"></span>servicios principal-<span class=\"_ _29d\"> </span>mente de <span class=\"_ _1\"></span>capacidad de telecomunicaciones, de realizaci\u00f3n de <span class=\"_ _1\"></span>trabajos de m<span class=\"_ _1\"></span>odificaci\u00f3n de <span class=\"_ _1\"></span>l\u00edneas<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>terceros<span class=\"_ _0\"></span> y de prestaci\u00f3n de se<span class=\"_ _0\"></span>rvicios de seguros. Otros <span class=\"_ _c4\"></span>acreedores <span class=\"_ _1\"></span>corresponden <span class=\"_ _1\"></span>fu<span class=\"_ _1\"></span>ndamen<span class=\"_ _0\"></span>talmente <span class=\"_ _c4\"></span>a <span class=\"_ _c4\"></span>partidas <span class=\"_ _1\"></span>pendientes <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>rembolsar <span class=\"_ _1\"></span>pr<span class=\"_ _1\"></span>ocede<span class=\"_ _0\"></span>ntes <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>las tarifas <span class=\"_ _1\"></span>provisionales que se <span class=\"_ _1\"></span>han <span class=\"_ _1\"></span>generado <span class=\"_ _1\"></span>por la <span class=\"_ _1\"></span>diferencia entre <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>importe liquidado y <span class=\"_ _1\"></span>cobrado <span class=\"_ _1\"></span>y el <span class=\"_ _1\"></span>ingreso devengado <span class=\"_ _c4\"></span>por <span class=\"_ _c8\"></span>los <span class=\"_ _c8\"></span>servicio<span class=\"_ _0\"></span>s <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>transporte <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>electricidad <span class=\"_ _c4\"></span>en <span class=\"_ _c8\"></span>los <span class=\"_ _c8\"></span>ejercicios <span class=\"_ _c4\"></span>2016 <span class=\"_ _c8\"></span>a <span class=\"_ _c8\"></span>2022 <span class=\"_ _c4\"></span>(<span class=\"_ _1\"></span>v\u00e9anse<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>notas <span class=\"_ _c8\"></span>3 <span class=\"_ _c8\"></span>y 24). <span class=\"_ _c4\"></span>Asimismo, <span class=\"_ _c4\"></span>dicho <span class=\"_ _c4\"></span>ep\u00edgrafe <span class=\"_ _1\"></span>tambi\u00e9n <span class=\"_ _c4\"></span>recoge <span class=\"_ _c8\"></span>el <span class=\"_ _1\"></span>saldo <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>Hacienda <span class=\"_ _1\"></span>P\u00fablica <span class=\"_ _c4\"></span>acreedora <span class=\"_ _c4\"></span>por <span class=\"_ _c4\"></span>IVA, <span class=\"_ _c4\"></span>remunera-<span class=\"_ _29d\"> </span>ciones pen<span class=\"_ _0\"></span>dientes de pa<span class=\"_ _0\"></span>go y otros importes <span class=\"_ _0\"></span>pendientes de <span class=\"_ _0\"></span>vencimiento por la<span class=\"_ _0\"></span> compra de bie<span class=\"_ _0\"></span>nes y servicio<span class=\"_ _0\"></span>s.<span class=\"_ _29d\"> </span>22<span class=\"ff3\"> </span>Informaci\u00f3n <span class=\"_ _1\"></span>sobre el peri<span class=\"_ _1\"></span>odo medio de <span class=\"_ _1\"></span>pago <span class=\"_ _1\"></span>a proveedores.<span class=\"_ _1\"></span> Disposici\u00f3n ad<span class=\"_ _1\"></span>icional te<span class=\"_ _1\"></span>rcera. <span class=\"_ _1\"></span>\u201cDeber de in<span class=\"_ _1\"></span>formaci\u00f3n\u201d de <span class=\"_ _1\"></span>la Ley 15/20<span class=\"_ _1\"></span>10, de 5 <span class=\"_ _1\"></span>de julio Con <span class=\"_ _c4\"></span>fecha <span class=\"_ _c4\"></span>29 <span class=\"_ _c8\"></span>de <span class=\"_ _c4\"></span>septiembre <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>2022 <span class=\"_ _c4\"></span>se <span class=\"_ _c4\"></span>ha <span class=\"_ _c8\"></span>public<span class=\"_ _0\"></span>ado <span class=\"_ _c4\"></span>en <span class=\"_ _c4\"></span>el <span class=\"_ _c8\"></span>BOE <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>Ley <span class=\"_ _c8\"></span>18/2022, <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>28 <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>septiembre, <span class=\"_ _1\"></span>de creaci\u00f3n y <span class=\"_ _0\"></span>crecimiento d<span class=\"_ _0\"></span>e empresas que<span class=\"_ _0\"></span> tiene po<span class=\"_ _0\"></span>r objeto, entre <span class=\"_ _0\"></span>otros aspe<span class=\"_ _0\"></span>ctos, la reducci\u00f3<span class=\"_ _0\"></span>n de la <span class=\"_ _0\"></span>morosidad comercial y la mejo<span class=\"_ _0\"></span>ra del acceso a financia<span class=\"_ _0\"></span>ci\u00f3n.  La <span class=\"_ _1\"></span>Ley 18/2022, <span class=\"_ _1\"></span>de 28 <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>septiembre, modifica, entre <span class=\"_ _1\"></span>otras <span class=\"_ _1\"></span>normas, la <span class=\"_ _1\"></span>Ley 15/2010, <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>5 de j<span class=\"_ _1\"></span>ulio <span class=\"_ _1\"></span>de modifi-<span class=\"_ _29d\"> </span>caci\u00f3n de la Ley<span class=\"_ _0\"></span> 3/2004, de 29 de dicie<span class=\"_ _0\"></span>mbre por la que <span class=\"_ _0\"></span>se establecen medid<span class=\"_ _0\"></span>as de lucha contra la <span class=\"_ _0\"></span>morosidad en <span class=\"_ _c4\"></span>las <span class=\"_ _c8\"></span>operacio<span class=\"_ _0\"></span>nes <span class=\"_ _c8\"></span>comerciales <span class=\"_ _c4\"></span>que, <span class=\"_ _c4\"></span>entre <span class=\"_ _c4\"></span>otros <span class=\"_ _c4\"></span>aspectos, <span class=\"_ _c4\"></span>regula <span class=\"_ _c4\"></span>los <span class=\"_ _c4\"></span>plazos <span class=\"_ _c8\"></span>de <span class=\"_ _c4\"></span>pago <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>las <span class=\"_ _c4\"></span>relaciones <span class=\"_ _c4\"></span>co-<span class=\"_ _29d\"> </span>merciales entre <span class=\"_ _1\"></span>empresas <span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>entre <span class=\"_ _1\"></span>empresas<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>y <span class=\"_ _1\"></span>la Administraci\u00f3n <span class=\"_ _1\"></span>y, <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>concreto, la <span class=\"_ _c4\"></span>Disposici\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>adicional <span class=\"_ _1\"></span>ter-<span class=\"_ _29d\"> </span>cera.  En relaci\u00f3n a las modi<span class=\"_ _0\"></span>ficaciones de dicha Disposi<span class=\"_ _0\"></span>ci\u00f3n adicional tercera,<span class=\"_ _0\"></span> la Ley 18/2022 recoge que<span class=\"_ _0\"></span>:   <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Todas <span class=\"_ _c8\"></span>las <span class=\"_ _1\"></span>sociedades <span class=\"_ _c4\"></span>mercantiles <span class=\"_ _c4\"></span>incluir\u00e1n<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>de <span class=\"_ _1\"></span>forma <span class=\"_ _c4\"></span>expresa <span class=\"_ _c4\"></span>en <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>memoria <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>sus <span class=\"_ _c4\"></span>cuentas <span class=\"_ _c4\"></span>anuales <span class=\"_ _c4\"></span>su </span></span>per\u00edodo medio de pago<span class=\"_ _0\"></span> a proveedores. <span class=\"_ _0\"></span>  <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Las sociedades me<span class=\"_ _0\"></span>rcantiles cotizad<span class=\"_ _0\"></span>as, y las <span class=\"_ _0\"></span>que no<span class=\"_ _0\"></span> sean cotizad<span class=\"_ _0\"></span>as y no <span class=\"_ _0\"></span>presenten cuen<span class=\"_ _0\"></span>tas anuales<span class=\"_ _0\"></span> abre-<span class=\"_ _29d\"> </span></span></span>viadas, publicar\u00e1n <span class=\"_ _1\"></span>su periodo medio <span class=\"_ _1\"></span>de pago <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>prove<span class=\"_ _0\"></span>edores, <span class=\"_ _1\"></span>el volumen <span class=\"_ _1\"></span>monetario y <span class=\"_ _1\"></span>n\u00famero de facturas pagadas <span class=\"_ _1\"></span>en <span class=\"_ _c4\"></span>un <span class=\"_ _c4\"></span>periodo <span class=\"_ _1\"></span>inferior <span class=\"_ _1\"></span>al <span class=\"_ _c4\"></span>m\u00e1ximo <span class=\"_ _c4\"></span>establecid<span class=\"_ _0\"></span>o <span class=\"_ _c4\"></span>en <span class=\"_ _c4\"></span>la <span class=\"_ _1\"></span>normativa <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>orosidad<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>y <span class=\"_ _c4\"></span>el <span class=\"_ _c4\"></span>porcentaje <span class=\"_ _1\"></span>que suponen <span class=\"_ _0\"></span>sobre <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>n\u00fame<span class=\"_ _0\"></span>ro <span class=\"_ _0\"></span>total <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>facturas <span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> sob<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>total <span class=\"_ _0\"></span>monetario <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span> lo<span class=\"_ _0\"></span>s pa<span class=\"_ _0\"></span>gos <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>sus <span class=\"_ _0\"></span>proveedores. <span class=\"_ _0\"></span>Esta informaci\u00f3n se incluir\u00e1 <span class=\"_ _0\"></span>en la memoria de sus cue<span class=\"_ _0\"></span>ntas anuales, y en su<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>p\u00e1<span class=\"_ _0\"></span>gina web si la tienen.  El <span class=\"_ _c2\"></span>Inst<span class=\"_ _1\"></span>ituto <span class=\"_ _c8\"></span>de <span class=\"_ _c5\"></span>Contabili<span class=\"_ _0\"></span>dad <span class=\"_ _c5\"></span>y <span class=\"_ _c2\"></span>Auditor\u00eda <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>Cuentas <span class=\"_ _c2\"></span>(ICAC), <span class=\"_ _c5\"></span>ha <span class=\"_ _c2\"></span>publicado <span class=\"_ _c8\"></span>el <span class=\"_ _c5\"></span>BOICAC <span class=\"_ _c2\"></span>132/2022, <span class=\"_ _c2\"></span>en <span class=\"_ _c2\"></span>el <span class=\"_ _c2\"></span>que recoge <span class=\"_ _bf\"></span>que <span class=\"_ _0\"></span>la<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>Ley <span class=\"_ _bf\"></span>18/2022<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>28 <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>sep<span class=\"_ _0\"></span>tiembre, <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>mpl\u00eda <span class=\"_ _bf\"></span>la <span class=\"_ _0\"></span>informaci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>que<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>sociedades<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>mercan<span class=\"_ _0\"></span>tiles <span class=\"_ _0\"></span>deben<span class=\"_ _0\"></span> incluir en la memo<span class=\"_ _0\"></span>ria de sus cuentas<span class=\"_ _0\"></span> anuales, y que ta<span class=\"_ _0\"></span>mbi\u00e9n deben public<span class=\"_ _0\"></span>ar en su p\u00e1gina web<span class=\"_ _0\"></span>, si la tienen.  La <span class=\"_ _c2\"></span>informaci\u00f3n <span class=\"_ _c8\"></span>sobre <span class=\"_ _c5\"></span>el <span class=\"_ _c8\"></span>periodo <span class=\"_ _c2\"></span>medio <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>pago <span class=\"_ _c2\"></span>a <span class=\"_ _c2\"></span>proveedores <span class=\"_ _c2\"></span>relativa <span class=\"_ _c2\"></span>a <span class=\"_ _c2\"></span>los <span class=\"_ _c2\"></span>ejercicios <span class=\"_ _c2\"></span>2022 <span class=\"_ _c2\"></span>y <span class=\"_ _c2\"></span>2021 <span class=\"_ _c2\"></span>es <span class=\"_ _c2\"></span>la siguiente: D\u00edas<span class=\"_ _29d\"> </span>2022 <span class=\"_ _174\"> </span>2021<span class=\"_ _0\"></span> Periodo medio de p<span class=\"_ _1\"></span>ago a proveedores <span class=\"_ _3a\"> </span>41 43 Ratio de operaciones pagadas <span class=\"_ _18e\"> </span>42 45 Ratio de operaciones pendientes de pago <span class=\"_ _18f\"> </span>19 10 Miles de euros<span class=\"_ _29d\"> </span>2022 <span class=\"_ _174\"> </span>2021<span class=\"_ _0\"></span> Total pagos realizados <span class=\"_ _51\"> </span>470.551 362.944 Total pagos pendientes <span class=\"_ _190\"> </span>29.402 15.498 Miles de euros<span class=\"_ _29d\"> </span>2022 <span class=\"_ _174\"> </span>2021<span class=\"_ _0\"></span> Importe de facturas pagadas en periodo infe<span class=\"_ _1\"></span>rior al m\u00e1ximo establecido <span class=\"_ _b7\"> </span>424.332 324.359 Total pagos realizados <span class=\"_ _51\"> </span>470.551 362.944 % importe de facturas pagadas en pe<span class=\"_ _1\"></span>riodo inferior al m\u00e1ximo establecido, frente a  90%<span class=\"_ _29d\"> </span>89%<span class=\"_ _29d\"> </span>total pagos realizados 2022 <span class=\"_ _174\"> </span>2021<span class=\"_ _0\"></span> N\u00famero de facturas pagadas en periodo inferior al m\u00e1ximo es<span class=\"_ _1\"></span>tablecido <span class=\"_ _191\"> </span>28.045 25.286 N\u00famero total de facturas pagadas <span class=\"_ _43\"> </span>32.374 29.241 % n\u00famero de factu<span class=\"_ _1\"></span>ras pagadas en periodo inferior al m\u00e1ximo establecido, frente al  87%<span class=\"_ _29d\"> </span>87%<span class=\"_ _29d\"> </span>total de facturas pagadas 23<span class=\"ff3\"> <span class=\"_ _bf\"></span><span class=\"ff7\">Situaci\u00f3n<span class=\"_ _1\"></span> fisca<span class=\"_ _1\"></span>l </span></span> <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3\">Gr<span class=\"_ _1\"></span>upo Fiscal consoli<span class=\"_ _0\"></span>dado  </span></span>El Grupo Fiscal del que Red El\u00e9ctrica Corporaci\u00f3<span class=\"_ _0\"></span>n es sociedad dominante, tributa en el R\u00e9gimen de Conso-<span class=\"_ _29d\"> </span>lidaci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>Fiscal <span class=\"_ _bf\"></span>en <span class=\"_ _bf\"></span>Espa\u00f1a <span class=\"_ _bf\"></span>desde <span class=\"_ _bf\"></span>el <span class=\"_ _bf\"></span>ejercicio <span class=\"_ _bf\"></span>2002 <span class=\"_ _0\"></span>(<span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>Fiscal <span class=\"_ _bf\"></span>n\u00ba <span class=\"_ _bf\"></span>57/02). <span class=\"_ _bf\"></span>A <span class=\"_ _bf\"></span>31 <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>diciembre <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>2021, <span class=\"_ _bf\"></span>adem\u00e1s de <span class=\"_ _1\"></span>la <span class=\"_ _c4\"></span>Sociedad <span class=\"_ _1\"></span>matriz, <span class=\"_ _1\"></span>forman <span class=\"_ _1\"></span>parte <span class=\"_ _1\"></span>del <span class=\"_ _c4\"></span>Grupo <span class=\"_ _1\"></span>Fiscal <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>sociedades <span class=\"_ _1\"></span>Red <span class=\"_ _1\"></span>El\u00e9ctrica, <span class=\"_ _1\"></span>Redinter, <span class=\"_ _c4\"></span>Red<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>El\u00e9ctrica Finance, Red <span class=\"_ _c4\"></span>El\u00e9ctrica <span class=\"_ _c4\"></span>Financiacio<span class=\"_ _0\"></span>nes, <span class=\"_ _c8\"></span>Red <span class=\"_ _c4\"></span>El\u00e9ctrica <span class=\"_ _c8\"></span>Infraestructuras<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>en <span class=\"_ _c4\"></span>Canarias, <span class=\"_ _c8\"></span>Red <span class=\"_ _c4\"></span>El\u00e9ctrica <span class=\"_ _c4\"></span>Sistemas de Telecomunicacio<span class=\"_ _0\"></span>nes, Elewit, Hispasat S<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>A., Hispa<span class=\"_ _0\"></span>sat Canarias S.L e Hi<span class=\"_ _0\"></span>spamar Exterior, S.L.  En <span class=\"_ _c4\"></span>2022, <span class=\"_ _c8\"></span>la <span class=\"_ _c4\"></span>Sociedad <span class=\"_ _c4\"></span>Hispamar <span class=\"_ _c4\"></span>Exterior <span class=\"_ _c4\"></span>S.<span class=\"_ _1\"></span>L., <span class=\"_ _c4\"></span>se <span class=\"_ _c4\"></span>ha <span class=\"_ _c8\"></span>incorporado <span class=\"_ _c4\"></span>al <span class=\"_ _c4\"></span>Grupo <span class=\"_ _c8\"></span>fiscal <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>Redeia <span class=\"_ _c4\"></span>com<span class=\"_ _1\"></span>o <span class=\"_ _c4\"></span>sociedad<span class=\"_ _0\"></span> dependiente del mi<span class=\"_ _0\"></span>smo.   Asimismo, como consec<span class=\"_ _0\"></span>uencia de la transmisi\u00f3n por parte de Red El\u00e9ctrica Corporaci\u00f3n<span class=\"_ _0\"></span> del 49% <span class=\"_ _1\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>su par-<span class=\"_ _29d\"> </span>ticipaci\u00f3n <span class=\"_ _1\"></span>en <span class=\"_ _c8\"></span>Reintel, <span class=\"_ _1\"></span>esta <span class=\"_ _c8\"></span>Sociedad <span class=\"_ _1\"></span>deja <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>formar <span class=\"_ _c4\"></span>parte <span class=\"_ _c4\"></span>del <span class=\"_ _c4\"></span>Grupo <span class=\"_ _c4\"></span>Fiscal <span class=\"_ _c4\"></span>n\u00ba <span class=\"_ _c8\"></span>57/02 <span class=\"_ _1\"></span>como <span class=\"_ _c4\"></span>sociedad <span class=\"_ _c4\"></span>depen-<span class=\"_ _29d\"> </span>diente d<span class=\"_ _0\"></span>el mis<span class=\"_ _0\"></span>mo con <span class=\"_ _0\"></span>efectos 1<span class=\"_ _0\"></span> de <span class=\"_ _0\"></span>enero <span class=\"_ _0\"></span>de 20<span class=\"_ _0\"></span>22, y <span class=\"_ _0\"></span>comienza <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>tributar en <span class=\"_ _0\"></span>r\u00e9gimen <span class=\"_ _0\"></span>individual <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el Impuesto<span class=\"_ _0\"></span> sobre Sociedades<span class=\"_ _0\"></span> (V\u00e9ase nota 6). Para <span class=\"_ _c4\"></span>aquellas <span class=\"_ _1\"></span>sociedades <span class=\"_ _c4\"></span>que <span class=\"_ _1\"></span>no <span class=\"_ _c4\"></span>pertenecen <span class=\"_ _1\"></span>al <span class=\"_ _c4\"></span>Grupo <span class=\"_ _c4\"></span>Fiscal, <span class=\"_ _1\"></span>se <span class=\"_ _c4\"></span>aplica <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>normativa<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>correspondiente <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>la legislaci\u00f3<span class=\"_ _0\"></span>n del pa\u00eds de origen.   <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3\">Gast<span class=\"_ _1\"></span>o por Impues<span class=\"_ _0\"></span>to sobre beneficios y tipo<span class=\"_ _0\"></span> impositivo efectivo </span></span>La <span class=\"_ _0\"></span>conciliaci\u00f3n <span class=\"_ _0\"></span>entre <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>tipo <span class=\"_ _0\"></span>impositivo <span class=\"_ _0\"></span>vigente <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>Espa\u00f1a <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>tipo e<span class=\"_ _0\"></span>fectivo <span class=\"_ _0\"></span>aplicable<span class=\"_ _0\"></span> al <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>es co<span class=\"_ _0\"></span>mo <span class=\"_ _0\"></span>sigue: Miles de euros<span class=\"_ _29d\"> </span>2022<span class=\"_ _29d\"> </span>2021<span class=\"_ _29d\"> </span>Resultado contable consolidado del ej<span class=\"_ _1\"></span>ercicio antes de impuestos <span class=\"_ _a0\"> </span>869.517 888.077 Diferencias permanentes y ajustes de consolidaci\u00f3n <span class=\"_ _192\"> </span>(63.734)<span class=\"_ _29d\"> </span>(12.979)<span class=\"_ _29d\"> </span>Base contable consolidada del Impuesto <span class=\"_ _193\"> </span>805.783<span class=\"_ _29d\"> </span>875.098<span class=\"_ _29d\"> </span>Tipo Impositivo <span class=\"_ _194\"> </span>25%<span class=\"_ _29d\"> </span>25%<span class=\"_ _29d\"> </span>Base contable consolidada por tipo<span class=\"_ _1\"></span> impositivo <span class=\"_ _f\"> </span>201.446 218.775 Efecto de la aplicaci\u00f3n de di<span class=\"_ _1\"></span>stintos tipos impositivos <span class=\"_ _195\"> </span>8.704 8.248 Impuesto calculado a la tasa vigente en cada <span class=\"_ _1\"></span>pa\u00eds <span class=\"_ _196\"> </span>210.150<span class=\"_ _29d\"> </span>227.022<span class=\"_ _29d\"> </span>Deducciones y otros ajustes <span class=\"_ _197\"> </span>(21.820)<span class=\"_ _29d\"> </span>(25.229)<span class=\"_ _29d\"> </span>Impuesto sobre benefici<span class=\"_ _1\"></span>os <span class=\"_ _68\"> </span>188<span class=\"_ _1\"></span>.330 201.793 Impuesto sobre beneficios corrient<span class=\"_ _1\"></span>e <span class=\"_ _9e\"> </span>210.713<span class=\"_ _29d\"> </span>212.378<span class=\"_ _29d\"> </span>Impuesto sobre beneficios diferido <span class=\"_ _198\"> </span>(22.383)<span class=\"_ _29d\"> </span>(10.585)<span class=\"_ _29d\"> </span>Tipo impositivo e<span class=\"_ _1\"></span>fectivo <span class=\"_ _199\"> </span>21,66%<span class=\"_ _29d\"> </span>22,72%<span class=\"_ _29d\"> </span>El tipo <span class=\"_ _1\"></span>efectivo del Impuesto sobre <span class=\"_ _1\"></span>beneficio<span class=\"_ _0\"></span>s e<span class=\"_ _1\"></span>st\u00e1 influido principalmente por las <span class=\"_ _1\"></span>diferencias permane<span class=\"_ _0\"></span>ntes <span class=\"_ _1\"></span>y por las deduccione<span class=\"_ _0\"></span>s de la cuota. El tipo efectivo <span class=\"_ _0\"></span>del ejercicio 2022 es el 2<span class=\"_ _0\"></span>1,66% (22,72% en 2021)<span class=\"_ _0\"></span>.  Las Diferencias permanentes en 2022 y en <span class=\"_ _1\"></span>2021 corresponden principalmente al ajuste por Reserva de <span class=\"_ _1\"></span>Ca-<span class=\"_ _29d\"> </span>pitalizaci\u00f3n, <span class=\"_ _0\"></span>derivado <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>incremento <span class=\"_ _0\"></span>de l<span class=\"_ _0\"></span>os fond<span class=\"_ _0\"></span>os propio<span class=\"_ _0\"></span>s de <span class=\"_ _0\"></span>acuerdo <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>lo <span class=\"_ _0\"></span>establecido <span class=\"_ _0\"></span>en e<span class=\"_ _0\"></span>l art\u00edcu<span class=\"_ _0\"></span>lo 25 <span class=\"_ _0\"></span>de la <span class=\"_ _c2\"></span>Ley <span class=\"_ _c2\"></span>27/2014, <span class=\"_ _c2\"></span>del <span class=\"_ _c2\"></span>Impuesto <span class=\"_ _c2\"></span>sobre <span class=\"_ _c2\"></span>Sociedades<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>en <span class=\"_ _c5\"></span>Espa\u00f1a <span class=\"_ _c8\"></span>(v\u00e9ase <span class=\"_ _c2\"></span>nota <span class=\"_ _c2\"></span>14) <span class=\"_ _c2\"></span>y <span class=\"_ _c5\"></span>a <span class=\"_ _c8\"></span>los <span class=\"_ _c2\"></span>gastos <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>gesti\u00f3n <span class=\"_ _c2\"></span>de participaciones asociad<span class=\"_ _0\"></span>os a los dividendos de las<span class=\"_ _0\"></span> filiales (art\u00edculo 21 de la <span class=\"_ _0\"></span>Ley 27/2014).  Los ajustes de consolida<span class=\"_ _0\"></span>ci\u00f3n proceden en 2022 <span class=\"_ _0\"></span>y 2021 principalmen<span class=\"_ _0\"></span>te de los resultados por puest<span class=\"_ _0\"></span>a en <span class=\"_ _1\"></span>equi-<span class=\"_ _29d\"> </span>valencia de diversas<span class=\"_ _0\"></span> entidades del Grupo que no<span class=\"_ _0\"></span> generan efecto fiscal<span class=\"_ _0\"></span> a nivel consolidado.  Deduccione<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>otros <span class=\"_ _0\"></span>ajustes <span class=\"_ _bf\"></span>corresponden <span class=\"_ _0\"></span>fundame<span class=\"_ _0\"></span>ntalmente <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>las<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>deducciones <span class=\"_ _bf\"></span>por g<span class=\"_ _0\"></span>astos <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>inv<span class=\"_ _0\"></span>estigaci\u00f3n, desarrollo e innova<span class=\"_ _0\"></span>ci\u00f3n tecnol\u00f3gica, por doble imp<span class=\"_ _0\"></span>osici\u00f3n internacional, y <span class=\"_ _0\"></span>por donaciones.  Atendiendo a <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>naturale<span class=\"_ _0\"></span>za <span class=\"_ _1\"></span>econ\u00f3mica de <span class=\"_ _1\"></span>la deducci\u00f3n por <span class=\"_ _1\"></span>inversiones en activos <span class=\"_ _1\"></span>fijos en <span class=\"_ _1\"></span>Canarias, \u00e9sta <span class=\"_ _1\"></span>se trata como <span class=\"_ _0\"></span>una subvenci<span class=\"_ _0\"></span>\u00f3n periodificand<span class=\"_ _0\"></span>o su imp<span class=\"_ _0\"></span>acto en la <span class=\"_ _0\"></span>Cuenta de <span class=\"_ _0\"></span>resultados consoli<span class=\"_ _0\"></span>dada en <span class=\"_ _0\"></span>varios eje<span class=\"_ _0\"></span>r-<span class=\"_ _29d\"> </span>cicios en base a la vida<span class=\"_ _0\"></span> \u00fatil de los activos aco<span class=\"_ _0\"></span>gidos a este incentivo (v\u00e9as<span class=\"_ _0\"></span>e nota 4 j).   El <span class=\"_ _c8\"></span>importe <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>las <span class=\"_ _c8\"></span>deducciones <span class=\"_ _c8\"></span>tr<span class=\"_ _1\"></span>atadas <span class=\"_ _c8\"></span>como <span class=\"_ _c8\"></span>subvenciones <span class=\"_ _c8\"></span>imputadas <span class=\"_ _c2\"></span>al <span class=\"_ _c8\"></span>ejercicio <span class=\"_ _c8\"></span>2022 <span class=\"_ _c2\"></span>asciende <span class=\"_ _c8\"></span>a <span class=\"_ _c2\"></span>5.436 miles de euros (4.892 mi<span class=\"_ _0\"></span>les de euros en 2021) y e<span class=\"_ _0\"></span>l importe que resta por ser impu<span class=\"_ _0\"></span>tado a 31 de diciembre de 2022 asciende a 139.59<span class=\"_ _0\"></span>3 miles de euros (125.87<span class=\"_ _0\"></span>1miles de euros en 2021<span class=\"_ _0\"></span>).  <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3\">Im<span class=\"_ _1\"></span>puestos diferidos<span class=\"_ _0\"></span> </span></span>El movimiento de los<span class=\"_ _0\"></span> activos y pasivos por i<span class=\"_ _0\"></span>mpuesto diferido es el siguie<span class=\"_ _0\"></span>nte:<span class=\"_ _29d\"> </span>2022 <span class=\"_ _7f\"> </span>202<span class=\"_ _1\"></span>1 Cuenta de Ingresos y Ingresos y Resultados, gastos gastos Cuenta de Combinaciones directamente Total<span class=\"_ _29d\"> </span>directamente Total<span class=\"_ _29d\"> </span>Resultados<span class=\"_ _29d\"> </span>de negocios y imputados al imputados al otros<span class=\"_ _29d\"> </span>Patrimonio neto<span class=\"_ _29d\"> </span>Patrimonio neto<span class=\"_ _29d\"> </span>Miles de euros<span class=\"_ _29d\"> </span>Activos por Impuestos Diferidos: <span class=\"_ _19\"> </span>  <span class=\"_ _111\"> </span>  <span class=\"_ _65\"> </span>  <span class=\"_ _19b\"> </span>  <span class=\"_ _19c\"> </span>  Originados en ejercicios 110.827 64.054 174.880 118.889 72.545 191.433 anteriores Combinaciones de  5.942 - negocios Movimientos del ejercicio <span class=\"_ _19d\"> </span>5.747 (34.596)<span class=\"_ _29d\"> </span>(28.849)<span class=\"_ _29d\"> </span>(8.062)<span class=\"_ _29d\"> </span>(8.491)<span class=\"_ _29d\"> </span>(16.553)<span class=\"_ _29d\"> </span>Total Activos por  122.516 29.458 151.973 110.827 64.054 174.880 Impuestos Diferidos bruto Compensaci\u00f3n Impuestos diferidos procedentes del Grupo Fis<span class=\"_ _1\"></span>cal (82.756)  <span class=\"_ _140\"> </span> <span class=\"_ _1\"></span> <span class=\"_ _ed\"> </span>(104.313)<span class=\"_ _29d\"> </span>en Espa\u00f1a Total Activos por Imp<span class=\"_ _1\"></span>uestos Diferidos neto <span class=\"_ _19e\"> </span>69.217   <span class=\"_ _140\"> </span> <span class=\"_ _1\"></span> <span class=\"_ _19f\"> </span>70.567 Pasivos por Impues<span class=\"_ _1\"></span>tos Diferidos: <span class=\"_ _1a0\"> </span><span class=\"ff3\">  <span class=\"_ _111\"> </span>  <span class=\"_ _65\"> </span>  <span class=\"_ _19b\"> </span>  <span class=\"_ _19c\"> </span>  </span>Originados en ejercicios 486.875 15.249 502.124 505.522 15.249 520.771 anteriores Combinaciones de  13.902 - 13.902 - - - negocios Movimientos del ejercicio <span class=\"_ _1a1\"> </span>(16.636)<span class=\"_ _29d\"> </span>1.016 (15.620)<span class=\"_ _29d\"> </span>(18.647)<span class=\"_ _29d\"> </span>- (18.647)<span class=\"_ _29d\"> </span>Total Pasivos por  484.141 16.265 500.406 486.875 15.249 502.124 Impuestos Diferidos bruto Compensaci\u00f3n Impuestos diferidos procedentes del Grupo Fis<span class=\"_ _1\"></span>cal (82.756)  <span class=\"_ _140\"> </span> <span class=\"_ _1\"></span> <span class=\"_ _ed\"> </span>(104.313)<span class=\"_ _29d\"> </span>en Espa\u00f1a Total Pasivos por Impuestos Diferid<span class=\"_ _1\"></span>os neto <span class=\"_ _85\"> </span>41<span class=\"_ _1\"></span>7.650   <span class=\"_ _140\"> </span> <span class=\"_ _1\"></span> <span class=\"_ _138\"> </span>397.811 El detalle de los Activos <span class=\"_ _0\"></span>y Pasivos por impuesto <span class=\"_ _0\"></span>diferido a 31 de diciembre<span class=\"_ _0\"></span> de 2022 y 2021 es el sig<span class=\"_ _0\"></span>uiente:  Miles de euros<span class=\"_ _29d\"> </span>2022<span class=\"_ _29d\"> </span>2021<span class=\"_ _29d\"> </span>Actualizaci\u00f3n Balances Ley 16/2012 <span class=\"_ _173\"> </span>18.985 17.797 Limitaci\u00f3n deducibilidad amortizaciones Ley 16/20<span class=\"_ _1\"></span>12 <span class=\"_ _14b\"> </span>10.138 13.643 Deterioro del inmovilizado <span class=\"_ _1a2\"> </span>24.282 28.004 Compromisos con el personal <span class=\"_ _80\"> </span>23.629 22.857 Diferencias de conversi\u00f3n <span class=\"_ _1a2\"> </span>18.039 29.237 Derivados financieros <span class=\"_ _190\"> </span>1.624 22.277 Cr\u00e9ditos por deducciones pendien<span class=\"_ _1\"></span>tes de aplicaci\u00f3n <span class=\"_ _1a3\"> </span>25.599 18.741 Cr\u00e9ditos bases imponibles negativas <span class=\"_ _1a4\"> </span>12.839 11.771 Resto  <span class=\"_ _1a5\"> </span>16.839 10.554 Compensaci\u00f3n activos y pasivos diferidos <span class=\"_ _1a6\"> </span>(82.756)<span class=\"_ _29d\"> </span>(104.313)<span class=\"_ _29d\"> </span>Total Activos por Imp<span class=\"_ _1\"></span>uesto diferido <span class=\"_ _1a7\"> </span>69.217 70.567 Amortizaciones aceleradas <span class=\"_ _1a8\"> </span>439.936 455.364 Activos no deducibles  <span class=\"_ _1a9\"> </span>23.597 11.711 Resto  <span class=\"_ _1a5\"> </span>36.873 35.049 Compensaci\u00f3n activos y pasivos diferidos <span class=\"_ _1a6\"> </span>(82.756)<span class=\"_ _29d\"> </span>(104.313)<span class=\"_ _29d\"> </span>Total Pasivos por Impuesto diferid<span class=\"_ _1\"></span>o <span class=\"_ _1aa\"> </span>417.650 397.811 Dentro <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>Activos<span class=\"_ _0\"></span> p<span class=\"_ _0\"></span>or <span class=\"_ _0\"></span>Impuestos <span class=\"_ _0\"></span>diferidos<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>figuran <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>reversion<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>impuestos <span class=\"_ _0\"></span>que<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>fueron <span class=\"_ _0\"></span>anticipados <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>os ejercicios <span class=\"_ _c4\"></span>2013 <span class=\"_ _c8\"></span>y <span class=\"_ _c4\"></span>2014 <span class=\"_ _c8\"></span>como <span class=\"_ _c8\"></span>resultado <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>aplicar <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>limitaci\u00f3n <span class=\"_ _c8\"></span>a <span class=\"_ _c4\"></span>las <span class=\"_ _c8\"></span>amortizaciones <span class=\"_ _c4\"></span>fiscalmente <span class=\"_ _c4\"></span>deducibles<span class=\"_ _29d\"> </span>establecidas <span class=\"_ _bf\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>rt\u00edculo <span class=\"_ _0\"></span>7 <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _bf\"></span>Ley <span class=\"_ _0\"></span>16/2012,<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>27<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>diciemb<span class=\"_ _0\"></span>re, <span class=\"_ _0\"></span>por <span class=\"_ _bf\"></span>la <span class=\"_ _0\"></span>que <span class=\"_ _bf\"></span>se <span class=\"_ _0\"></span>adoptaron<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>diversas <span class=\"_ _bf\"></span>medidas tributarias <span class=\"_ _1\"></span>dirigida<span class=\"_ _0\"></span>s <span class=\"_ _c4\"></span>a <span class=\"_ _1\"></span>la consolidaci\u00f3n de <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>inan<span class=\"_ _0\"></span>zas <span class=\"_ _1\"></span>p\u00fablicas <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>impulso <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>la actividad <span class=\"_ _1\"></span>econ\u00f3mica y, <span class=\"_ _1\"></span>los que <span class=\"_ _c8\"></span>surgen <span class=\"_ _c8\"></span>como <span class=\"_ _c8\"></span>resultado <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>iniciarse <span class=\"_ _c8\"></span>en <span class=\"_ _c8\"></span>el <span class=\"_ _c2\"></span>ejercicio <span class=\"_ _c4\"></span>2015, <span class=\"_ _c2\"></span>la <span class=\"_ _c8\"></span>amortizaci\u00f3n <span class=\"_ _c4\"></span>fiscal <span class=\"_ _c2\"></span>del <span class=\"_ _c8\"></span>incremento <span class=\"_ _c4\"></span>neto <span class=\"_ _c2\"></span>de valor resultan<span class=\"_ _0\"></span>te de las ope<span class=\"_ _0\"></span>raciones de Actuali<span class=\"_ _0\"></span>zaci\u00f3n realizadas so<span class=\"_ _0\"></span>bre el Bala<span class=\"_ _0\"></span>nce a 31 de<span class=\"_ _0\"></span> diciembre de <span class=\"_ _0\"></span>2012, seg\u00fan lo<span class=\"_ _0\"></span> establecido<span class=\"_ _0\"></span> en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>art\u00edculo 9 <span class=\"_ _0\"></span>de la<span class=\"_ _0\"></span> citada<span class=\"_ _0\"></span> Ley. A<span class=\"_ _0\"></span>dem\u00e1s, <span class=\"_ _0\"></span>este ep<span class=\"_ _0\"></span>\u00edgrafe re<span class=\"_ _0\"></span>coge impo<span class=\"_ _0\"></span>rtes corr<span class=\"_ _0\"></span>espondien-<span class=\"_ _29d\"> </span>tes <span class=\"_ _bf\"></span>a <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>terioro <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>activos<span class=\"_ _0\"></span>, <span class=\"_ _bf\"></span>obligaciones <span class=\"_ _bf\"></span>por <span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>staciones <span class=\"_ _bf\"></span>a <span class=\"_ _bf\"></span>largo <span class=\"_ _0\"></span>pla<span class=\"_ _0\"></span>zo <span class=\"_ _0\"></span>del <span class=\"_ _bf\"></span>pe<span class=\"_ _0\"></span>rsonal, <span class=\"_ _0\"></span>dife<span class=\"_ _0\"></span>rencias <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>conversi\u00f3n, variaciones <span class=\"_ _0\"></span>de valor <span class=\"_ _0\"></span>de l<span class=\"_ _0\"></span>as cob<span class=\"_ _0\"></span>erturas de <span class=\"_ _0\"></span>flujos <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>efectivo y <span class=\"_ _0\"></span>cr\u00e9ditos <span class=\"_ _0\"></span>fiscales <span class=\"_ _0\"></span>por ded<span class=\"_ _0\"></span>ucciones y<span class=\"_ _0\"></span> base<span class=\"_ _0\"></span>s impo-<span class=\"_ _29d\"> </span>nibles pendien<span class=\"_ _0\"></span>tes de aplicaci\u00f3n.  Los <span class=\"_ _1\"></span>Pasivos por Impuesto <span class=\"_ _1\"></span>diferido se <span class=\"_ _c4\"></span>derivan<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>principalmente <span class=\"_ _1\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>amortizaciones fiscales libres <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>acelera-<span class=\"_ _29d\"> </span>das <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>determinado<span class=\"_ _0\"></span>s <span class=\"_ _c4\"></span>bienes <span class=\"_ _1\"></span>del <span class=\"_ _c4\"></span>inmovilizad<span class=\"_ _0\"></span>o, <span class=\"_ _c4\"></span>y <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>integraci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _1\"></span>en <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>Socie<span class=\"_ _0\"></span>dad <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>los <span class=\"_ _c4\"></span>elementos <span class=\"_ _1\"></span>patrimo-<span class=\"_ _29d\"> </span>niales <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _bf\"></span>sociedades <span class=\"_ _bf\"></span>REDALTA <span class=\"_ _bf\"></span>e <span class=\"_ _0\"></span>INALTA, <span class=\"_ _0\"></span>absorbid<span class=\"_ _0\"></span>as <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>Red<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>El\u00e9ct<span class=\"_ _0\"></span>rica <span class=\"_ _0\"></span>Corpo<span class=\"_ _0\"></span>raci\u00f3n <span class=\"_ _0\"></span>en <span class=\"_ _bf\"></span>el <span class=\"_ _0\"></span>ejerci<span class=\"_ _0\"></span>cio <span class=\"_ _0\"></span>2006.<span class=\"_ _0\"></span> El <span class=\"_ _0\"></span>Pasivo po<span class=\"_ _0\"></span>r I<span class=\"_ _0\"></span>mpuesto <span class=\"_ _0\"></span>diferido <span class=\"_ _0\"></span>a 2<span class=\"_ _0\"></span>022 <span class=\"_ _0\"></span>en con<span class=\"_ _0\"></span>cepto <span class=\"_ _0\"></span>de lib<span class=\"_ _0\"></span>ertad de<span class=\"_ _0\"></span> a<span class=\"_ _0\"></span>mortizaci\u00f3n <span class=\"_ _0\"></span>establecida<span class=\"_ _0\"></span> en <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>Disposici\u00f3n<span class=\"_ _0\"></span> Adiciona<span class=\"_ _0\"></span>l <span class=\"_ _c8\"></span>und\u00e9cima <span class=\"_ _c8\"></span>del <span class=\"_ _c2\"></span>Real <span class=\"_ _c8\"></span>Decreto <span class=\"_ _c8\"></span>Legislativo <span class=\"_ _c4\"></span>4/2004 <span class=\"_ _c2\"></span>y <span class=\"_ _c8\"></span>la <span class=\"_ _c8\"></span>Disposici\u00f3n <span class=\"_ _c8\"></span>Transitoria <span class=\"_ _c4\"></span>tr<span class=\"_ _1\"></span>ig\u00e9sima <span class=\"_ _c4\"></span>cuarta <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>la Ley <span class=\"_ _c4\"></span>27/2014, <span class=\"_ _c4\"></span>del <span class=\"_ _1\"></span>Im<span class=\"_ _1\"></span>puesto <span class=\"_ _c4\"></span>sob<span class=\"_ _0\"></span>re <span class=\"_ _c4\"></span>Sociedades, <span class=\"_ _c4\"></span>asciende <span class=\"_ _1\"></span>a <span class=\"_ _c8\"></span>378.530 <span class=\"_ _1\"></span>miles <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>euros <span class=\"_ _1\"></span>(<span class=\"_ _1\"></span>396.760 <span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>iles <span class=\"_ _1\"></span>de <span class=\"_ _c8\"></span>euros<span class=\"_ _0\"></span> en 2021).   El G<span class=\"_ _1\"></span>rupo ha <span class=\"_ _1\"></span>compensado <span class=\"_ _1\"></span>en su <span class=\"_ _c4\"></span>Estado de <span class=\"_ _1\"></span>situaci\u00f3n financiera <span class=\"_ _1\"></span>consolidado, <span class=\"_ _1\"></span>activos por <span class=\"_ _1\"></span>impuestos diferidos<span class=\"_ _0\"></span> por <span class=\"_ _1\"></span>importe <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>82.756 <span class=\"_ _1\"></span>miles de<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>euros <span class=\"_ _1\"></span>procedentes del <span class=\"_ _c4\"></span>Grupo <span class=\"_ _1\"></span>Fiscal <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>Espa\u00f1a <span class=\"_ _1\"></span>(104.313 <span class=\"_ _1\"></span>miles <span class=\"_ _1\"></span>de eur<span class=\"_ _1\"></span>os <span class=\"_ _1\"></span>en 2021) con pasivos <span class=\"_ _0\"></span>por impuestos diferidos de a<span class=\"_ _0\"></span>cuerdo con la NIC 12.<span class=\"_ _0\"></span>   El calendario esperado de <span class=\"_ _1\"></span>realizaci\u00f3n de los activos <span class=\"_ _1\"></span>y pasivos <span class=\"_ _1\"></span>po<span class=\"_ _0\"></span>r <span class=\"_ _1\"></span>impuestos diferidos a <span class=\"_ _1\"></span>31 de diciembre <span class=\"_ _1\"></span>de<span class=\"_ _0\"></span> 2022 es el siguien<span class=\"_ _0\"></span>te: Ajuste M\u00e1s de 1 Menos de Compensaci\u00f3n Total Bruto<span class=\"_ _29d\"> </span>Total Neto<span class=\"_ _29d\"> </span>a\u00f1o<span class=\"_ _29d\"> </span>1 a\u00f1o<span class=\"_ _29d\"> </span>activos y pasivos<span class=\"_ _29d\"> </span>Activos por impuestos diferidos <span class=\"_ _1ab\"> </span>151.973 145.555 6.418 (82.756)<span class=\"_ _29d\"> </span>69.217 Pasivos por impuestos diferidos <span class=\"_ _13d\"> </span>500<span class=\"_ _1\"></span>.406 466.600 33.806 (82.756)<span class=\"_ _29d\"> </span>417.650 La realizaci\u00f3n de lo<span class=\"_ _0\"></span>s Activos y Pasivo<span class=\"_ _0\"></span>s por impuestos diferi<span class=\"_ _0\"></span>dos del Grupo est\u00e1 co<span class=\"_ _0\"></span>ndicionada a determina<span class=\"_ _0\"></span>das hip\u00f3tesis que podr\u00edan ve<span class=\"_ _0\"></span>rse alteradas.  Por <span class=\"_ _c4\"></span>otra <span class=\"_ _c8\"></span>parte, <span class=\"_ _c4\"></span>a <span class=\"_ _c4\"></span>31 <span class=\"_ _c8\"></span>de <span class=\"_ _1\"></span>diciembre <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>2022, <span class=\"_ _c4\"></span>el <span class=\"_ _c4\"></span>Grupo <span class=\"_ _c4\"></span>tiene <span class=\"_ _c4\"></span>Activos <span class=\"_ _c8\"></span>por <span class=\"_ _c4\"></span>Impuesto <span class=\"_ _c4\"></span>diferido <span class=\"_ _c4\"></span>no <span class=\"_ _c4\"></span>registrados <span class=\"_ _c4\"></span>por deducciones por gastos de I+D+i, deducciones por doble <span class=\"_ _1\"></span>imposici<span class=\"_ _0\"></span>\u00f3n internacional y bases imponibles nega-<span class=\"_ _29d\"> </span>tivas <span class=\"_ _bf\"></span>pendientes <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>aplicar, <span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>importe <span class=\"_ _bf\"></span>total <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>10.576 <span class=\"_ _bf\"></span>miles <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>euros <span class=\"_ _bf\"></span>(10.045 <span class=\"_ _0\"></span>miles <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>euro<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>en <span class=\"_ _bf\"></span>2021). <span class=\"_ _0\"></span>Estos<span class=\"_ _0\"></span> activos se han gene<span class=\"_ _0\"></span>rado en el pe<span class=\"_ _0\"></span>riodo 2012-2019 y tienen<span class=\"_ _0\"></span> fecha de vencimi<span class=\"_ _0\"></span>ento entre 2031<span class=\"_ _0\"></span> y 2038 respecto de las deducciones<span class=\"_ _0\"></span> por gastos de I+D+i.  En <span class=\"_ _bf\"></span>el <span class=\"_ _0\"></span>ejercicio <span class=\"_ _bf\"></span>2022, <span class=\"_ _0\"></span>el <span class=\"_ _bf\"></span>Grupo <span class=\"_ _bf\"></span>ha <span class=\"_ _bf\"></span>solicitado <span class=\"_ _0\"></span>la <span class=\"_ _bf\"></span>monetizaci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>deducciones<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>I+D+i <span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ndientes <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>apli<span class=\"_ _0\"></span>caci\u00f3n por importe de 526 mil<span class=\"_ _0\"></span>es de euros (en 2021 se so<span class=\"_ _0\"></span>licitaron 1.279 miles de e<span class=\"_ _0\"></span>uros).  En <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>Mem<span class=\"_ _1\"></span>oria de <span class=\"_ _c4\"></span>Red <span class=\"_ _1\"></span>El\u00e9ctrica <span class=\"_ _1\"></span>Corporaci\u00f3n <span class=\"_ _1\"></span>del ejer<span class=\"_ _1\"></span>cicio <span class=\"_ _1\"></span>2006 se <span class=\"_ _c4\"></span>incluyen las <span class=\"_ _c4\"></span>menciones, <span class=\"_ _1\"></span>establecid<span class=\"_ _0\"></span>as <span class=\"_ _c4\"></span>ar-<span class=\"_ _29d\"> </span>t\u00edculo <span class=\"_ _1\"></span>86 <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>Ley <span class=\"_ _1\"></span>27/2014 <span class=\"_ _1\"></span>relativas a <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>operaci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>fusi\u00f3n <span class=\"_ _1\"></span>por absorci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>REDALTA <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>INALTA <span class=\"_ _1\"></span>y en <span class=\"_ _c4\"></span>la Memoria del ejercicio 2008, <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>incluyen las relativas a <span class=\"_ _1\"></span>las operaciones de aportaci\u00f3n <span class=\"_ _1\"></span>por Red El\u00e9ctrica <span class=\"_ _1\"></span>Cor-<span class=\"_ _29d\"> </span>poraci\u00f3n <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>la <span class=\"_ _c2\"></span>rama <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>actividad <span class=\"_ _c8\"></span>que <span class=\"_ _c2\"></span>engloba <span class=\"_ _c2\"></span>las <span class=\"_ _c8\"></span>funciones <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>operador<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>del <span class=\"_ _c2\"></span>sistema, <span class=\"_ _c8\"></span>gestor <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>la <span class=\"_ _c2\"></span>red <span class=\"_ _c8\"></span>de transporte y transport<span class=\"_ _0\"></span>ista del sistema el\u00e9ctrico<span class=\"_ _0\"></span> espa\u00f1ol, realizadas a Red <span class=\"_ _0\"></span>El\u00e9ctrica.  Asimismo, <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>las M<span class=\"_ _1\"></span>emoria<span class=\"_ _0\"></span>s <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>Red <span class=\"_ _1\"></span>El\u00e9ctrica <span class=\"_ _1\"></span>Cor<span class=\"_ _0\"></span>poraci\u00f3n <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>Reintel <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>ejercicio <span class=\"_ _1\"></span>2015, se <span class=\"_ _c4\"></span>incluyen<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>men-<span class=\"_ _29d\"> </span>ciones <span class=\"_ _c8\"></span>establecidas <span class=\"_ _c2\"></span>en <span class=\"_ _c8\"></span>el <span class=\"_ _c2\"></span>art\u00edculo <span class=\"_ _c2\"></span>86 <span class=\"_ _c2\"></span>de <span class=\"_ _c8\"></span>la <span class=\"_ _c2\"></span>Ley <span class=\"_ _c2\"></span>27/2014 <span class=\"_ _c8\"></span>relativas <span class=\"_ _c2\"></span>a <span class=\"_ _c2\"></span>la <span class=\"_ _c2\"></span>escisi\u00f3n <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>la <span class=\"_ _c8\"></span>r<span class=\"_ _1\"></span>ama <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>actividad <span class=\"_ _c8\"></span>de prestaci\u00f3n <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>servicios <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>t<span class=\"_ _1\"></span>elecomunicacio<span class=\"_ _0\"></span>nes <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>Redinter <span class=\"_ _c2\"></span>a <span class=\"_ _c8\"></span>f<span class=\"_ _1\"></span>avor <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>Reintel, <span class=\"_ _c2\"></span>y <span class=\"_ _c2\"></span>en <span class=\"_ _c2\"></span>las <span class=\"_ _c2\"></span>Memorias <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>Red El\u00e9ctrica Corporaci\u00f3n<span class=\"_ _0\"></span> y Redinter del ejercicio 2015, las relativas a la aportaci\u00f3n no dineraria de la<span class=\"_ _0\"></span>s acciones de la compa\u00f1\u00eda RE<span class=\"_ _0\"></span>N. <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3\">Ejer<span class=\"_ _1\"></span>cicios suje<span class=\"_ _0\"></span>tos <span class=\"_ _1\"></span>a in<span class=\"_ _0\"></span>specci\u00f3n fiscal </span></span>De <span class=\"_ _bf\"></span>acuerdo <span class=\"_ _bf\"></span>con <span class=\"_ _bf\"></span>la <span class=\"_ _0\"></span>leg<span class=\"_ _0\"></span>islaci\u00f3n <span class=\"_ _bf\"></span>vigente, <span class=\"_ _bf\"></span>los <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>mpuestos <span class=\"_ _bf\"></span>no <span class=\"_ _bf\"></span>pueden <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>siderarse <span class=\"_ _bf\"></span>definitivamente <span class=\"_ _bf\"></span>liquidado<span class=\"_ _0\"></span>s <span class=\"_ _bf\"></span>hast<span class=\"_ _1\"></span>a que las <span class=\"_ _1\"></span>declaracion<span class=\"_ _0\"></span>es <span class=\"_ _1\"></span>presentadas hayan sido inspeccionadas por <span class=\"_ _1\"></span>las Autoridades Tributarias o haya tr<span class=\"_ _1\"></span>ans-<span class=\"_ _29d\"> </span>currido el plazo de presc<span class=\"_ _0\"></span>ripci\u00f3n.<span class=\"_ _29d\"> </span>En <span class=\"_ _c4\"></span>2022, <span class=\"_ _c4\"></span>se <span class=\"_ _c8\"></span>han <span class=\"_ _c4\"></span>iniciado <span class=\"_ _c4\"></span>actuaciones<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>inspectoras <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>car\u00e1cter <span class=\"_ _c4\"></span>general <span class=\"_ _c4\"></span>para <span class=\"_ _c4\"></span>los <span class=\"_ _c8\"></span>periodos<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>febrero <span class=\"_ _c4\"></span>2018 <span class=\"_ _c4\"></span>a <span class=\"_ _c8\"></span>di-<span class=\"_ _29d\"> </span>ciembre de 20<span class=\"_ _0\"></span>20 respecto<span class=\"_ _0\"></span> del IVA, retencione<span class=\"_ _0\"></span>s del <span class=\"_ _0\"></span>I<span class=\"_ _1\"></span>RPF y <span class=\"_ _0\"></span>retenciones de no<span class=\"_ _0\"></span> residentes para la<span class=\"_ _0\"></span>s sociedad<span class=\"_ _0\"></span>es Red El\u00e9ctrica Corporaci\u00f3n y <span class=\"_ _1\"></span>Red El\u00e9ctrica. En <span class=\"_ _1\"></span>el Impuesto sobre Sociedades (r\u00e9gimen de <span class=\"_ _1\"></span>consolida<span class=\"_ _0\"></span>ci\u00f3n f<span class=\"_ _1\"></span>is-<span class=\"_ _29d\"> </span>cal), los ejercicios de<span class=\"_ _0\"></span> comprobaci\u00f3n de car\u00e1cte<span class=\"_ _0\"></span>r general comprenden<span class=\"_ _0\"></span> los periodos desde 2017 a 2<span class=\"_ _0\"></span>020.  Asimismo, <span class=\"_ _c2\"></span>en <span class=\"_ _c5\"></span>2022 <span class=\"_ _c2\"></span>se <span class=\"_ _c5\"></span>han <span class=\"_ _c2\"></span>iniciado <span class=\"_ _c5\"></span>ac<span class=\"_ _0\"></span>tuaciones <span class=\"_ _c5\"></span>de <span class=\"_ _c2\"></span>comprobaci\u00f3n <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>car\u00e1cter <span class=\"_ _c2\"></span>parcial <span class=\"_ _c5\"></span>del <span class=\"_ _c2\"></span>Impuesto <span class=\"_ _c2\"></span>sobre Sociedades <span class=\"_ _bf\"></span>para <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>peri<span class=\"_ _0\"></span>odos <span class=\"_ _0\"></span>2012<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>2014,<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>limitadas <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>determinados<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>aspectos <span class=\"_ _bf\"></span>relacionados <span class=\"_ _0\"></span>con <span class=\"_ _bf\"></span>Redinter.  El procedimiento contencio<span class=\"_ _0\"></span>so asociado al objeto de estas comprobaciones parci<span class=\"_ _0\"></span>ales <span class=\"_ _1\"></span>ha conclu<span class=\"_ _0\"></span>ido <span class=\"_ _1\"></span>en 2022 con<span class=\"_ _0\"></span> Sentencia de <span class=\"_ _1\"></span>la Audiencia Nacional favor<span class=\"_ _1\"></span>able<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>para <span class=\"_ _1\"></span>el Grupo <span class=\"_ _1\"></span>Fiscal, por <span class=\"_ _1\"></span>lo que se <span class=\"_ _1\"></span>prev\u00e9 que <span class=\"_ _1\"></span>las actuaciones inspectoras tambi\u00e9n con<span class=\"_ _0\"></span>cluyan en el mismo sen<span class=\"_ _0\"></span>tido.  Por \u00faltimo, el 11 de<span class=\"_ _0\"></span> febrero de 2023<span class=\"_ _0\"></span> se ha recibido comun<span class=\"_ _0\"></span>icaci\u00f3n del inicio de a<span class=\"_ _0\"></span>ct<span class=\"_ _1\"></span>uaciones<span class=\"_ _0\"></span> de comp<span class=\"_ _0\"></span>robaci\u00f3n parcial para los <span class=\"_ _1\"></span>periodos 2015 a <span class=\"_ _1\"></span>2020 por <span class=\"_ _1\"></span>el Impuesto sobre <span class=\"_ _1\"></span>Sociedad<span class=\"_ _0\"></span>es <span class=\"_ _1\"></span>para las <span class=\"_ _1\"></span>sociedade<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>Hispasat S.A. e Hispasat Cana<span class=\"_ _0\"></span>rias, S.L. En <span class=\"_ _1\"></span>Espa\u00f1a, <span class=\"_ _c4\"></span>el <span class=\"_ _c4\"></span>Grupo <span class=\"_ _1\"></span>mantiene <span class=\"_ _1\"></span>abiertos <span class=\"_ _c4\"></span>determinado<span class=\"_ _0\"></span>s <span class=\"_ _c4\"></span>procedimientos <span class=\"_ _1\"></span>tributarios <span class=\"_ _c4\"></span>por <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>Impuesto <span class=\"_ _c4\"></span>sobre <span class=\"_ _1\"></span>So-<span class=\"_ _29d\"> </span>ciedades <span class=\"_ _1\"></span>correspondientes <span class=\"_ _1\"></span>a <span class=\"_ _c4\"></span>los <span class=\"_ _c4\"></span>ejercicios <span class=\"_ _1\"></span>2011 <span class=\"_ _c4\"></span>a <span class=\"_ _c4\"></span>2016, <span class=\"_ _1\"></span>los <span class=\"_ _c4\"></span>cuales <span class=\"_ _c4\"></span>actualmente <span class=\"_ _1\"></span>se <span class=\"_ _c4\"></span>encuentran <span class=\"_ _c4\"></span>en <span class=\"_ _c4\"></span>v\u00eda <span class=\"_ _1\"></span>con-<span class=\"_ _29d\"> </span>tencioso-administra<span class=\"_ _0\"></span>tiva. <span class=\"_ _c4\"></span>La <span class=\"_ _c8\"></span>Sociedad <span class=\"_ _c8\"></span>considera <span class=\"_ _c4\"></span>que <span class=\"_ _c4\"></span>su <span class=\"_ _c8\"></span>actuaci\u00f3n <span class=\"_ _c4\"></span>fue <span class=\"_ _c2\"></span>aju<span class=\"_ _0\"></span>st<span class=\"_ _1\"></span>ada <span class=\"_ _c4\"></span>a <span class=\"_ _c8\"></span>Derecho <span class=\"_ _c4\"></span>y <span class=\"_ _c8\"></span>se <span class=\"_ _c4\"></span>sustenta <span class=\"_ _c4\"></span>en interpretaciones <span class=\"_ _0\"></span>razonab<span class=\"_ _0\"></span>les de <span class=\"_ _0\"></span>la n<span class=\"_ _0\"></span>ormativa ap<span class=\"_ _0\"></span>licable, <span class=\"_ _0\"></span>no e<span class=\"_ _0\"></span>stim\u00e1ndose <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>se deri<span class=\"_ _0\"></span>ve la <span class=\"_ _0\"></span>imposici\u00f3n <span class=\"_ _0\"></span>algu<span class=\"_ _0\"></span>na de<span class=\"_ _0\"></span> sanciones ni pasivos<span class=\"_ _0\"></span> fiscales significativos pa<span class=\"_ _0\"></span>ra el Grupo.  Asimismo, <span class=\"_ _c8\"></span>en <span class=\"_ _c8\"></span>2020 <span class=\"_ _c8\"></span>el <span class=\"_ _c8\"></span>Grupo <span class=\"_ _c8\"></span>Fiscal <span class=\"_ _c8\"></span>present\u00f3 <span class=\"_ _c8\"></span>escrito <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>rectificaci\u00f3n <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>los <span class=\"_ _c8\"></span>pagos <span class=\"_ _c8\"></span>fraccionados <span class=\"_ _c8\"></span>correspon-<span class=\"_ _29d\"> </span>dientes a lo<span class=\"_ _0\"></span>s ejercicios <span class=\"_ _0\"></span>2016 a <span class=\"_ _0\"></span>2020. A finales <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>dicho ejercicio, la<span class=\"_ _0\"></span> Admini<span class=\"_ _0\"></span>st<span class=\"_ _1\"></span>raci\u00f3n T<span class=\"_ _0\"></span>ributaria resolvi<span class=\"_ _0\"></span>\u00f3 favora-<span class=\"_ _29d\"> </span>blemente <span class=\"_ _c4\"></span>respecto <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>rectificaci\u00f3n <span class=\"_ _1\"></span>solicitada <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>cor<span class=\"_ _1\"></span>respondie<span class=\"_ _0\"></span>nte <span class=\"_ _c8\"></span>a <span class=\"_ _1\"></span>los <span class=\"_ _c4\"></span>ejercicios <span class=\"_ _c4\"></span>2016 <span class=\"_ _c4\"></span>y <span class=\"_ _c8\"></span>2017, <span class=\"_ _1\"></span>encontr\u00e1n-<span class=\"_ _29d\"> </span>dose actualmente re<span class=\"_ _0\"></span>currida la resoluci\u00f3n recibid<span class=\"_ _0\"></span>a respecto del resto de e<span class=\"_ _0\"></span>jercicios.  Derivado de la adquisi<span class=\"_ _0\"></span>ci\u00f3n de Hispasat, el Grupo tiene abiertos p<span class=\"_ _0\"></span>rocesos fiscales en Brasil rela<span class=\"_ _0\"></span>tivos al ICMS y <span class=\"_ _c2\"></span>otros <span class=\"_ _c8\"></span>im<span class=\"_ _1\"></span>puestos<span class=\"_ _0\"></span>, <span class=\"_ _c2\"></span>principalmente <span class=\"_ _c8\"></span>impuestos <span class=\"_ _c8\"></span>indirectos. <span class=\"_ _c2\"></span>Estos <span class=\"_ _c8\"></span>procesos <span class=\"_ _c8\"></span>pr<span class=\"_ _1\"></span>ovienen <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>actas <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>inspecci\u00f3n que <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>sociedades <span class=\"_ _0\"></span>del <span class=\"_ _bf\"></span>Grupo han <span class=\"_ _bf\"></span>r<span class=\"_ _1\"></span>ecurrido. <span class=\"_ _0\"></span>Adici<span class=\"_ _0\"></span>onalmente, <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>cuenta <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>garant\u00edas <span class=\"_ _0\"></span>espec\u00ed<span class=\"_ _0\"></span>ficas <span class=\"_ _0\"></span>para su cobertura (ver n<span class=\"_ _0\"></span>ot<span class=\"_ _1\"></span>a 16<span class=\"_ _0\"></span>).  Con car\u00e1cter <span class=\"_ _1\"></span>general y, <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>acuerdo con <span class=\"_ _1\"></span>la normativa <span class=\"_ _1\"></span>tributaria espa\u00f1ola, a <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>fecha <span class=\"_ _1\"></span>de formulaci\u00f3n de <span class=\"_ _1\"></span>estas<span class=\"_ _0\"></span> cuentas anuales, el Grupo en Espa\u00f1a <span class=\"_ _1\"></span>tiene abiertos a inspecci\u00f3n por las <span class=\"_ _1\"></span>autoridade<span class=\"_ _0\"></span>s fiscales <span class=\"_ _1\"></span>los cuatro \u00falti-<span class=\"_ _29d\"> </span>mos <span class=\"_ _c8\"></span>ej<span class=\"_ _1\"></span>ercicios<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>los <span class=\"_ _c2\"></span>impuestos <span class=\"_ _c8\"></span>principales <span class=\"_ _c8\"></span>que <span class=\"_ _c2\"></span>le <span class=\"_ _c2\"></span>son <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>aplicaci\u00f3n <span class=\"_ _c8\"></span>no <span class=\"_ _c8\"></span>afect<span class=\"_ _1\"></span>ados <span class=\"_ _c8\"></span>por <span class=\"_ _c2\"></span>los <span class=\"_ _c8\"></span>procedimientos<span class=\"_ _0\"></span> indicados <span class=\"_ _bf\"></span>en <span class=\"_ _bf\"></span>los <span class=\"_ _bf\"></span>p\u00e1rrafos <span class=\"_ _bf\"></span>anteriores. <span class=\"_ _bf\"></span>Dicho <span class=\"_ _bf\"></span>plazo <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>uede <span class=\"_ _bf\"></span>variar <span class=\"_ _0\"></span>en <span class=\"_ _bf\"></span>el <span class=\"_ _bf\"></span>caso <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>sociedades <span class=\"_ _bf\"></span>integrantes <span class=\"_ _bf\"></span>del <span class=\"_ _bf\"></span>Grupo sometidas a otras norma<span class=\"_ _0\"></span>tivas fiscales.  Debido a <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>posibles diferentes interpretaciones que <span class=\"_ _1\"></span>pueden darse <span class=\"_ _1\"></span>a las <span class=\"_ _1\"></span>normas fiscales, <span class=\"_ _1\"></span>los resultados de las <span class=\"_ _c2\"></span>inspecciones <span class=\"_ _c2\"></span>que <span class=\"_ _c2\"></span>pudieran <span class=\"_ _c2\"></span>llevar <span class=\"_ _c8\"></span>a <span class=\"_ _c5\"></span>cabo <span class=\"_ _c2\"></span>las <span class=\"_ _c8\"></span>Autoridades <span class=\"_ _c2\"></span>Fiscales <span class=\"_ _c2\"></span>para <span class=\"_ _c5\"></span>los<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>a\u00f1os <span class=\"_ _c8\"></span>sujetos <span class=\"_ _c2\"></span>a <span class=\"_ _c2\"></span>verificaci\u00f3n pueden <span class=\"_ _1\"></span>dar <span class=\"_ _c4\"></span>lugar <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>pasivos <span class=\"_ _1\"></span>fiscales, <span class=\"_ _c4\"></span>cuyo <span class=\"_ _1\"></span>importe <span class=\"_ _1\"></span>no <span class=\"_ _c4\"></span>es <span class=\"_ _1\"></span>posible <span class=\"_ _c4\"></span>cuantific<span class=\"_ _0\"></span>ar <span class=\"_ _c4\"></span>en <span class=\"_ _1\"></span>la <span class=\"_ _c4\"></span>actualidad<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>una <span class=\"_ _1\"></span>manera objetiva. <span class=\"_ _1\"></span>No <span class=\"_ _c4\"></span>obstante, <span class=\"_ _c4\"></span>se <span class=\"_ _1\"></span>estima <span class=\"_ _c4\"></span>que <span class=\"_ _1\"></span>los <span class=\"_ _c4\"></span>pasivos <span class=\"_ _1\"></span>que, <span class=\"_ _c4\"></span>en <span class=\"_ _c4\"></span>su <span class=\"_ _c4\"></span>caso, <span class=\"_ _1\"></span>finalmente <span class=\"_ _c4\"></span>se <span class=\"_ _c4\"></span>pudieran <span class=\"_ _1\"></span>derivar <span class=\"_ _1\"></span>por <span class=\"_ _c4\"></span>estos conceptos, no tendr\u00e1<span class=\"_ _0\"></span>n un efecto significativo sob<span class=\"_ _0\"></span>re los resultados futuros de<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>la Socied<span class=\"_ _0\"></span>ad.  24<span class=\"ff3\"> <span class=\"_ _bd\"></span><span class=\"ff7\">In<span class=\"_ _1\"></span>gresos y Gast<span class=\"_ _1\"></span>os </span></span>a) <span class=\"_ _c7\"> </span>Importe neto de la cifra de negoc<span class=\"_ _0\"></span>io <span class=\"ff3 fc1\"> </span>El detalle de <span class=\"_ _1\"></span>este ep\u00edgrafe de la <span class=\"_ _1\"></span>Cuen<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>a de resultados consolidada<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>de los ejercicios <span class=\"_ _1\"></span>2022<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>y 2021, distribuido por zonas geogr\u00e1ficas<span class=\"_ _0\"></span> es el siguiente:  Miles de euros <span class=\"_ _4\"> </span><span class=\"fc2\">202<span class=\"_ _1\"></span>2 <span class=\"_ _1ac\"> </span>2021 </span>Mercado nacional <span class=\"_ _9f\"> </span>1.<span class=\"_ _1\"></span>791.060<span class=\"_ _29d\"> </span>1.798.597<span class=\"_ _29d\"> </span>Mercado internacional <span class=\"_ _1ad\"> </span>223.976<span class=\"_ _29d\"> </span>154.361<span class=\"_ _29d\"> </span>a) Uni\u00f3n Europea <span class=\"_ _2a\"> </span>31.707<span class=\"_ _29d\"> </span>23.463      a.1) Zona Euro <span class=\"_ _1ae\"> </span>31.443<span class=\"_ _29d\"> </span>23.463      a.2) Zona no Euro <span class=\"_ _1af\"> </span> 264<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>b) Resto pa\u00edses <span class=\"_ _51\"> </span>192.269<span class=\"_ _29d\"> </span>130.898<span class=\"_ _29d\"> </span>Total <span class=\"_ _1b0\"> </span>2.015.036<span class=\"_ _29d\"> </span>1.952.958<span class=\"_ _29d\"> </span>En Mercado nacio<span class=\"_ _0\"></span>nal se inclu<span class=\"_ _0\"></span>yen fundamentalmente pres<span class=\"_ _0\"></span>taciones de servi<span class=\"_ _0\"></span>cios de transporte<span class=\"_ _0\"></span> y operaci\u00f3n del sistema <span class=\"_ _c8\"></span>que <span class=\"_ _c4\"></span>incluye <span class=\"_ _c4\"></span>principalmente <span class=\"_ _c4\"></span>los <span class=\"_ _c8\"></span>ingresos <span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>egulados <span class=\"_ _c4\"></span>(v\u00e9ase <span class=\"_ _c4\"></span>nota <span class=\"_ _c8\"></span>3) <span class=\"_ _c4\"></span>por <span class=\"_ _c8\"></span>los <span class=\"_ _c8\"></span>servicios <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>transporte <span class=\"_ _c4\"></span>y operaci\u00f3n <span class=\"_ _c8\"></span>del <span class=\"_ _c2\"></span>sistema <span class=\"_ _c4\"></span>el\u00e9ctrico. <span class=\"_ _c8\"></span>Su <span class=\"_ _c2\"></span>retribuci\u00f3n <span class=\"_ _c8\"></span>viene <span class=\"_ _c8\"></span>fijada <span class=\"_ _c8\"></span>por <span class=\"_ _c2\"></span>la <span class=\"_ _c2\"></span>CNMC<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>en <span class=\"_ _c2\"></span>las <span class=\"_ _c2\"></span>Circulares <span class=\"_ _c8\"></span>que <span class=\"_ _c8\"></span>establecen tanto <span class=\"_ _c8\"></span>las <span class=\"_ _c8\"></span>metodolog\u00edas <span class=\"_ _c8\"></span>como <span class=\"_ _c8\"></span>los <span class=\"_ _c8\"></span>par\u00e1metros <span class=\"_ _c8\"></span>para <span class=\"_ _c4\"></span>el <span class=\"_ _c8\"></span>c\u00e1lculo <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>la <span class=\"_ _c2\"></span>retribuci\u00f3n <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>la <span class=\"_ _c2\"></span>actividad <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>transporte atendiendo <span class=\"_ _1\"></span>a <span class=\"_ _c4\"></span>los <span class=\"_ _1\"></span>costes <span class=\"_ _1\"></span>necesarios <span class=\"_ _c4\"></span>para<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>construir, <span class=\"_ _1\"></span>operar <span class=\"_ _1\"></span>y <span class=\"_ _c4\"></span>mantener <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>instalaciones <span class=\"_ _c4\"></span>t\u00e9cnicas <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>energ\u00eda el\u00e9ctrica y <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>retribuci<span class=\"_ _0\"></span>\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>actividad <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>operador del <span class=\"_ _1\"></span>sistema, <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>acuerdo<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>con <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>competen<span class=\"_ _0\"></span>cias <span class=\"_ _1\"></span>asig-<span class=\"_ _29d\"> </span>nadas a esta Comisi<span class=\"_ _0\"></span>\u00f3n por el Real Decreto-Le<span class=\"_ _0\"></span>y <span class=\"_ _1\"></span>1/<span class=\"_ _0\"></span>2019 (v\u00e9ase nota 3.a).  En <span class=\"_ _c5\"></span>relaci\u00f3n <span class=\"_ _c2\"></span>a <span class=\"_ _c0\"> </span>los <span class=\"_ _c2\"></span>ingresos <span class=\"_ _c5\"> </span>por <span class=\"_ _c5\"></span>la <span class=\"_ _c5\"></span>actividad <span class=\"_ _c5\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _c5\"> </span>transporte <span class=\"_ _c5\"></span>en <span class=\"_ _c5\"></span>Espa\u00f1a<span class=\"_ _0\"></span> <span class=\"_ _c5\"> </span>en <span class=\"_ _c5\"></span>2022 <span class=\"_ _c5\"></span>y <span class=\"_ _c5\"></span>2021, <span class=\"_ _c2\"></span>se <span class=\"_ _c5\"> </span>han <span class=\"_ _c5\"> </span>devengado fundamentalmente <span class=\"_ _bf\"></span>seg\u00fan <span class=\"_ _bf\"></span>los <span class=\"_ _0\"></span>c\u00e1lculos <span class=\"_ _bf\"></span>realizado<span class=\"_ _0\"></span>s <span class=\"_ _bf\"></span>p<span class=\"_ _1\"></span>or <span class=\"_ _0\"></span>Red<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>El\u00e9c<span class=\"_ _0\"></span>trica <span class=\"_ _0\"></span>en <span class=\"_ _bf\"></span>base <span class=\"_ _bf\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _bf\"></span>normativa <span class=\"_ _bf\"></span>regulatoria <span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>gente, pendiente <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>que <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>CNMC <span class=\"_ _bf\"></span>publique <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>retribuci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>definitiva <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>los a\u00f1<span class=\"_ _0\"></span>os <span class=\"_ _0\"></span>2022, <span class=\"_ _0\"></span>2021 <span class=\"_ _bf\"></span>y 2<span class=\"_ _0\"></span>020. <span class=\"_ _0\"></span>(v\u00e9ase <span class=\"_ _bf\"></span>nota <span class=\"_ _0\"></span>3.a).  En <span class=\"_ _1b1\"> </span>el  ej<span class=\"_ _1\"></span>ercicio  2022, <span class=\"_ _1b1\"> </span>tras <span class=\"_ _1b1\"> </span>la <span class=\"_ _1b1\"> </span>publicaci\u00f3n  en <span class=\"_ _1b1\"> </span>el <span class=\"_ _1b1\"> </span>mes <span class=\"_ _1b1\"> </span>de <span class=\"_ _1b1\"> </span>diciembre  de <span class=\"_ _1b1\"> </span>las <span class=\"_ _1b1\"> </span>\u00d3rdenes <span class=\"_ _1b1\"> </span>TED/13<span class=\"_ _0\"></span>11/2022 <span class=\"_ _1b1\"> </span>y TED/1343/2022<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>(ver <span class=\"_ _c8\"></span>nota <span class=\"_ _c4\"></span>3.a) <span class=\"_ _c4\"></span>relativas <span class=\"_ _c4\"></span>a <span class=\"_ _c8\"></span>los <span class=\"_ _c8\"></span>ing<span class=\"_ _0\"></span>resos <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>transporte <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>los <span class=\"_ _c4\"></span>ejercicios <span class=\"_ _c4\"></span>2016, <span class=\"_ _c4\"></span>y <span class=\"_ _c4\"></span>2017, <span class=\"_ _c8\"></span>2018 <span class=\"_ _c4\"></span>y 2019 respectivamen<span class=\"_ _0\"></span>te, se ha ll<span class=\"_ _0\"></span>evado a cab<span class=\"_ _0\"></span>o un an\u00e1lisis <span class=\"_ _0\"></span>de las posible<span class=\"_ _0\"></span>s diferencias entre el <span class=\"_ _0\"></span>importe definitiv<span class=\"_ _0\"></span>o aprobado <span class=\"_ _1\"></span>y <span class=\"_ _c4\"></span>las <span class=\"_ _c4\"></span>cifras <span class=\"_ _c4\"></span>devenga<span class=\"_ _0\"></span>das <span class=\"_ _c4\"></span>por <span class=\"_ _c4\"></span>Red <span class=\"_ _c4\"></span>El\u00e9ctri<span class=\"_ _0\"></span>ca, <span class=\"_ _c4\"></span>quedando <span class=\"_ _c4\"></span>regularizadas <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>posibles <span class=\"_ _c4\"></span>diferencias <span class=\"_ _1\"></span>en <span class=\"_ _c4\"></span>el ejercicio 2022.<span class=\"_ _0\"></span> Este an\u00e1li<span class=\"_ _0\"></span>sis ha englobad<span class=\"_ _0\"></span>o asimismo los ejercic<span class=\"_ _0\"></span>ios 2020, 202<span class=\"_ _0\"></span>1 y 2022 pen<span class=\"_ _0\"></span>dientes de ap<span class=\"_ _0\"></span>roba-<span class=\"_ _29d\"> </span>ci\u00f3n de su retribuci\u00f3<span class=\"_ _0\"></span>n definitiva por parte de la C<span class=\"_ _0\"></span>NMC.  Asimismo, <span class=\"_ _1\"></span>dado que <span class=\"_ _1\"></span>las \u00f3rdenes <span class=\"_ _1\"></span>anuales <span class=\"_ _1\"></span>de t<span class=\"_ _1\"></span>arifas han <span class=\"_ _1\"></span>venido <span class=\"_ _1\"></span>prorrogando provisionalmente el <span class=\"_ _1\"></span>importe <span class=\"_ _1\"></span>re-<span class=\"_ _29d\"> </span>cogido <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>Orden IE<span class=\"_ _0\"></span>T/981/2016 <span class=\"_ _0\"></span>(v\u00e9ase no<span class=\"_ _0\"></span>ta <span class=\"_ _0\"></span>3.a) <span class=\"_ _0\"></span>desde <span class=\"_ _0\"></span>2017, el<span class=\"_ _0\"></span> Estado<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>e situaci\u00f3n <span class=\"_ _0\"></span>financiera<span class=\"_ _0\"></span> con<span class=\"_ _0\"></span>solidado recoge <span class=\"_ _0\"></span>un<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>pasivo <span class=\"_ _bf\"></span>por <span class=\"_ _0\"></span>el <span class=\"_ _bf\"></span>importe <span class=\"_ _0\"></span>estimado<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>que <span class=\"_ _bf\"></span>deber\u00e1 <span class=\"_ _0\"></span>ser <span class=\"_ _bf\"></span>devuelto <span class=\"_ _0\"></span>al <span class=\"_ _bf\"></span>sistema <span class=\"_ _bf\"></span>por <span class=\"_ _0\"></span>la <span class=\"_ _bf\"></span>diferencia <span class=\"_ _0\"></span>entre <span class=\"_ _bf\"></span>el <span class=\"_ _0\"></span>importe<span class=\"_ _0\"></span> liquida<span class=\"_ _0\"></span>do provisionalmente y el ingreso deveng<span class=\"_ _0\"></span>ado en los ejercicio<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>2016 a 2022 <span class=\"_ _0\"></span>(v\u00e9ase nota 21).   Por o<span class=\"_ _0\"></span>tro la<span class=\"_ _0\"></span>do, resp<span class=\"_ _0\"></span>ecto <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>los in<span class=\"_ _0\"></span>gresos po<span class=\"_ _0\"></span>r l<span class=\"_ _0\"></span>a retrib<span class=\"_ _0\"></span>uci\u00f3n de<span class=\"_ _0\"></span> la <span class=\"_ _0\"></span>Operaci\u00f3<span class=\"_ _0\"></span>n del<span class=\"_ _0\"></span> si<span class=\"_ _0\"></span>stema, lo<span class=\"_ _0\"></span>s ingreso<span class=\"_ _0\"></span>s del <span class=\"_ _0\"></span>ejercici<span class=\"_ _0\"></span>o 2022 <span class=\"_ _c4\"></span>y <span class=\"_ _c4\"></span>2021 <span class=\"_ _c4\"></span>se <span class=\"_ _c4\"></span>han <span class=\"_ _c8\"></span>devenga<span class=\"_ _0\"></span>do <span class=\"_ _c8\"></span>conforme <span class=\"_ _1\"></span>a <span class=\"_ _c8\"></span>la <span class=\"_ _c4\"></span>Circular <span class=\"_ _c4\"></span>4/2019 <span class=\"_ _c4\"></span>en <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>que <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>CNMC <span class=\"_ _c4\"></span>estableci\u00f3 <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>retribuci\u00f3n<span class=\"_ _0\"></span> del operado<span class=\"_ _0\"></span>r del sistema <span class=\"_ _0\"></span>desde el ejercicio <span class=\"_ _0\"></span>2020 en ad<span class=\"_ _0\"></span>elante. Para los e<span class=\"_ _0\"></span>jercicios comp<span class=\"_ _0\"></span>rendidos entre 201<span class=\"_ _0\"></span>4 y 2019 <span class=\"_ _c8\"></span>fij<span class=\"_ _1\"></span>ados<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>de <span class=\"_ _c8\"></span>manera <span class=\"_ _c8\"></span>provisional, <span class=\"_ _c2\"></span>los <span class=\"_ _c8\"></span>ingresos <span class=\"_ _c8\"></span>se <span class=\"_ _c2\"></span>han <span class=\"_ _c2\"></span>devengado<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>con <span class=\"_ _c8\"></span>la <span class=\"_ _c2\"></span>mejor <span class=\"_ _c2\"></span>estimaci\u00f3n <span class=\"_ _c8\"></span>en <span class=\"_ _c8\"></span>base <span class=\"_ _c8\"></span>a <span class=\"_ _c2\"></span>la metodolog\u00eda retributiva para dicha <span class=\"_ _1\"></span>actividad. En este <span class=\"_ _1\"></span>sen<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>ido, en 2022 <span class=\"_ _1\"></span>y 2021 se ha <span class=\"_ _1\"></span>considerado la metodo-<span class=\"_ _29d\"> </span>log\u00eda <span class=\"_ _0\"></span>para <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>c\u00e1lculo<span class=\"_ _0\"></span> de<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>retribuci\u00f3n <span class=\"_ _0\"></span>contenida<span class=\"_ _0\"></span> e<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>proyecto <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>Real <span class=\"_ _bf\"></span>Decreto <span class=\"_ _0\"></span>presentado <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span> co<span class=\"_ _0\"></span>nsulta <span class=\"_ _0\"></span>p\u00fablica por <span class=\"_ _1\"></span>el MI<span class=\"_ _1\"></span>TERD en <span class=\"_ _1\"></span>2021, y <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>cierre <span class=\"_ _1\"></span>del ejercicio est\u00e1 <span class=\"_ _c4\"></span>pendiente de <span class=\"_ _1\"></span>publicaci\u00f3<span class=\"_ _0\"></span>n, <span class=\"_ _1\"></span>tal <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>como <span class=\"_ _1\"></span>se menciona en la nota 3.a.  El <span class=\"_ _1\"></span>Grupo <span class=\"_ _1\"></span>considera <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>resoluciones <span class=\"_ _1\"></span>finales de <span class=\"_ _c4\"></span>estos <span class=\"_ _1\"></span>procesos no <span class=\"_ _c4\"></span>diferir\u00e1n <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>forma <span class=\"_ _1\"></span>significati<span class=\"_ _0\"></span>va <span class=\"_ _c4\"></span>con <span class=\"_ _1\"></span>la estimaci\u00f3n de ingresos<span class=\"_ _0\"></span> registrada.  En Mercado <span class=\"_ _0\"></span>internacional<span class=\"_ _0\"></span> en 2022 <span class=\"_ _0\"></span>y 2021<span class=\"_ _0\"></span> se inclu<span class=\"_ _0\"></span>yen dentro <span class=\"_ _0\"></span>de Uni\u00f3n Eu<span class=\"_ _0\"></span>ropea los <span class=\"_ _0\"></span>ingresos po<span class=\"_ _0\"></span>r se<span class=\"_ _0\"></span>rvicios de reaseguro, <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>Resto<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>e p<span class=\"_ _0\"></span>a\u00edses <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>recogen <span class=\"_ _0\"></span>princip<span class=\"_ _0\"></span>almente <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>ingresos <span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r p<span class=\"_ _0\"></span>restaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>servicios <span class=\"_ _bf\"></span>de trans-<span class=\"_ _29d\"> </span>porte <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>las <span class=\"_ _c4\"></span>sociedades <span class=\"_ _1\"></span>peruanas <span class=\"_ _c4\"></span>y <span class=\"_ _c4\"></span>chilenas <span class=\"_ _1\"></span>y <span class=\"_ _c8\"></span>los <span class=\"_ _c4\"></span>ingresos<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>por <span class=\"_ _1\"></span>servicios <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>telecomunicaciones <span class=\"_ _1\"></span>satelitales registrados fundamen<span class=\"_ _0\"></span>talmente en Brasil.<span class=\"_ _29d\"> </span>b) <span class=\"_ _ca\"> </span>Otros Ingresos de exp<span class=\"_ _0\"></span>lotaci\u00f3n<span class=\"ff3 fc1\">  </span>A <span class=\"_ _1\"></span>31 de <span class=\"_ _1\"></span>diciembre de 2022, <span class=\"_ _1\"></span>este ep\u00edgrafe <span class=\"_ _1\"></span>incluye los <span class=\"_ _1\"></span>ingresos<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>por <span class=\"_ _1\"></span>el grado de <span class=\"_ _1\"></span>avance <span class=\"_ _1\"></span>de la <span class=\"_ _1\"></span>construcci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _1\"></span>de la <span class=\"_ _0\"></span>Central Hidr\u00e1uli<span class=\"_ _0\"></span>ca Reversibl<span class=\"_ _0\"></span>e de <span class=\"_ _0\"></span>200 MW <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>Salto <span class=\"_ _0\"></span>de Chira, <span class=\"_ _0\"></span>as\u00ed co<span class=\"_ _0\"></span>mo la <span class=\"_ _0\"></span>actualizaci\u00f3<span class=\"_ _0\"></span>n del <span class=\"_ _0\"></span>activo fi<span class=\"_ _0\"></span>nanciero a la tasa efectiva del pro<span class=\"_ _0\"></span>yecto, por importe de 64.<span class=\"_ _0\"></span>225 miles de euros (v\u00e9ase<span class=\"_ _0\"></span> nota 19.a).  Asimismo, <span class=\"_ _0\"></span>en 2<span class=\"_ _0\"></span>022 y<span class=\"_ _0\"></span> 202<span class=\"_ _0\"></span>1, este<span class=\"_ _0\"></span> ep\u00edgra<span class=\"_ _0\"></span>fe in<span class=\"_ _0\"></span>cluye o<span class=\"_ _0\"></span>tros ingreso<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>accesorios <span class=\"_ _0\"></span>y de<span class=\"_ _0\"></span> ges<span class=\"_ _0\"></span>ti\u00f3n <span class=\"_ _0\"></span>corriente <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>corres-<span class=\"_ _29d\"> </span>ponden, fundamentalmente,<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>ingresos derivados de <span class=\"_ _1\"></span>las indemnizaciones de <span class=\"_ _1\"></span>las compa\u00f1\u00edas de <span class=\"_ _1\"></span>seguros por los siniestros, aver\u00edas y<span class=\"_ _0\"></span> reclamaciones producid<span class=\"_ _0\"></span>os, cubiertos por las p\u00f3liz<span class=\"_ _0\"></span>as contratadas.<span class=\"ff10 fc0\"> </span>c) <span class=\"_ _c7\"> </span>Aprovisionamientos y <span class=\"_ _0\"></span>otros gastos de explotac<span class=\"_ _0\"></span>i\u00f3n<span class=\"ff3 fc1\">  </span>El detall<span class=\"_ _0\"></span>e de estos ep\u00edgrafes <span class=\"_ _0\"></span>de la Cue<span class=\"_ _0\"></span>nta de resulta<span class=\"_ _0\"></span>dos consolidada corr<span class=\"_ _0\"></span>espondiente a lo<span class=\"_ _0\"></span>s ejercicios 2<span class=\"_ _0\"></span>022 y 2021, es como sigue<span class=\"_ _0\"></span>:  Miles de euros <span class=\"_ _1b2\"> </span><span class=\"fc2\">2022<span class=\"_ _29d\"> </span></span>2021<span class=\"_ _29d\"> </span>Aprovisionamientos <span class=\"_ _31\"> </span>37.061<span class=\"_ _29d\"> </span>18.655<span class=\"_ _29d\"> </span>Otros Gastos de explotaci\u00f3n <span class=\"_ _a6\"> </span>467.088<span class=\"_ _29d\"> </span>344.252<span class=\"_ _29d\"> </span>Total <span class=\"_ _1b3\"> </span>504.149<span class=\"_ _29d\"> </span>362.907<span class=\"_ _29d\"> </span>Los <span class=\"_ _bf\"></span>ep\u00ed<span class=\"_ _1\"></span>grafes <span class=\"_ _bf\"></span>Aprovision<span class=\"_ _0\"></span>amientos <span class=\"_ _0\"></span>y <span class=\"_ _bf\"></span>Otros <span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>stos <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>explotaci\u00f3n <span class=\"_ _bf\"></span>recogen <span class=\"_ _bf\"></span>principalmente <span class=\"_ _bf\"></span>los <span class=\"_ _0\"></span>gastos<span class=\"_ _0\"></span> <span class=\"_ _bf\"></span>der<span class=\"_ _1\"></span>ivados<span class=\"_ _0\"></span> del <span class=\"_ _c9\"> </span>mantenimiento, <span class=\"_ _c9\"> </span>reparaci\u00f3n <span class=\"_ _c9\"> </span>y <span class=\"_ _d3\"> </span>conservaci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _d3\"> </span>de <span class=\"_ _c9\"> </span>las <span class=\"_ _d3\"> </span>instalaciones,<span class=\"_ _0\"></span> <span class=\"_ _d3\"> </span>as\u00ed <span class=\"_ _c9\"> </span>como <span class=\"_ _c9\"> </span>otros <span class=\"_ _d3\"> </span>gastos <span class=\"_ _c9\"> </span>de <span class=\"_ _c9\"> </span>servicios<span class=\"_ _29d\"> </span>inform\u00e1ticos, a<span class=\"_ _0\"></span>sesor\u00edas, <span class=\"_ _0\"></span>arrendamientos y <span class=\"_ _0\"></span>otros s<span class=\"_ _0\"></span>ervicios.  Asimismo, en <span class=\"_ _0\"></span>2022 se <span class=\"_ _0\"></span>incluyen lo<span class=\"_ _0\"></span>s costes aso<span class=\"_ _0\"></span>cia-<span class=\"_ _29d\"> </span>dos a la central Salto de<span class=\"_ _0\"></span> Chira<span class=\"ff6 fsd\"> </span>por importe de 59,<span class=\"_ _0\"></span>6 millones de euros<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>(ver no<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>a 24.b). d) <span class=\"_ _ca\"> </span>Gastos de personal<span class=\"ff3 fc1\"> <span class=\"_ _0\"></span> </span>La <span class=\"_ _bf\"></span>com<span class=\"_ _1\"></span>posici\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>esta <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>artida <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>la <span class=\"_ _0\"></span>Cue<span class=\"_ _0\"></span>nta <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>resultados <span class=\"_ _bf\"></span>consolidada, <span class=\"_ _bf\"></span>correspondiente <span class=\"_ _bf\"></span>a <span class=\"_ _0\"></span>los<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>ejerci<span class=\"_ _0\"></span>cios <span class=\"_ _bf\"></span>2022 y 2021, es la siguien<span class=\"_ _0\"></span>te: <span class=\"ffa fs6\"> </span>Miles de euros <span class=\"_ _1b2\"> </span><span class=\"fc2\">2022<span class=\"_ _29d\"> </span></span>2021<span class=\"_ _29d\"> </span>Sueldos, salarios y otras retribuci<span class=\"_ _1\"></span>ones <span class=\"_ _81\"> </span>168.387<span class=\"_ _29d\"> </span>147.180<span class=\"_ _29d\"> </span>Seguridad social <span class=\"_ _124\"> </span>32.440<span class=\"_ _29d\"> </span>29.974<span class=\"_ _29d\"> </span>Aportaciones a Fondos de pensiones<span class=\"_ _1\"></span> y obligaciones similares <span class=\"_ _1b4\"> </span>2.383<span class=\"_ _29d\"> </span>2.308<span class=\"_ _29d\"> </span>Otros conceptos y cargas s<span class=\"_ _1\"></span>ociales <span class=\"_ _12e\"> </span>7.404<span class=\"_ _29d\"> </span>7.879<span class=\"_ _29d\"> </span>Total <span class=\"_ _1b3\"> </span>210.614<span class=\"_ _29d\"> </span>187.341<span class=\"_ _29d\"> </span>La <span class=\"_ _1\"></span>partida de <span class=\"_ _c4\"></span>Sueldos,<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>salarios y <span class=\"_ _c4\"></span>otras retribuciones <span class=\"_ _1\"></span>incluye la <span class=\"_ _1\"></span>retribuci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>los empleados, <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>indemniza-<span class=\"_ _29d\"> </span>ciones <span class=\"_ _0\"></span>y <span class=\"_ _bf\"></span>el d<span class=\"_ _0\"></span>evengo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>retribuci\u00f3n <span class=\"_ _0\"></span>a <span class=\"_ _bf\"></span>percibir <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>largo <span class=\"_ _bf\"></span>plazo. <span class=\"_ _0\"></span>Tambi\u00e9n <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>cluye <span class=\"_ _0\"></span>en <span class=\"_ _bf\"></span>esta pa<span class=\"_ _0\"></span>rtida <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>retribuci\u00f3<span class=\"_ _0\"></span>n del Consejo de Adminis<span class=\"_ _0\"></span>traci\u00f3n.  Las empresas del G<span class=\"_ _0\"></span>rupo han procedid<span class=\"_ _0\"></span>o a activar gastos<span class=\"_ _0\"></span> de personal (v\u00e9a<span class=\"_ _0\"></span>nse notas 7 y 8) en una<span class=\"_ _0\"></span> cuant\u00eda de 47.429 miles de eu<span class=\"_ _0\"></span>ros a 31 de diciembre de 2022<span class=\"_ _0\"></span> (41.160 miles de eu<span class=\"_ _0\"></span>ros a 31 diciembre de<span class=\"_ _0\"></span> 2021).   <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Personal empleado  </span></span>El <span class=\"_ _0\"></span>n\u00famero <span class=\"_ _bf\"></span>medio <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mpleados <span class=\"_ _bf\"></span>del <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>en <span class=\"_ _bf\"></span>los <span class=\"_ _0\"></span>ejercicios <span class=\"_ _0\"></span>2022<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>2021, <span class=\"_ _bf\"></span>distribuido <span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>grupos <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rofesionales, ha sido el siguiente<span class=\"_ _0\"></span>:<span class=\"_ _29d\"> </span>  2022<span class=\"_ _29d\"> </span>2021<span class=\"_ _29d\"> </span>Equipo directivo <span class=\"_ _1b5\"> </span><span class=\"fc1\">168<span class=\"_ _29d\"> </span></span>156<span class=\"_ _29d\"> </span>T\u00e9cnicos superiores y mandos medios <span class=\"_ _1b6\"> </span><span class=\"fc1\">710<span class=\"_ _29d\"> </span></span>638<span class=\"_ _29d\"> </span>T\u00e9cnicos medios <span class=\"_ _1b3\"> </span><span class=\"fc1\">817<span class=\"_ _29d\"> </span></span>764<span class=\"_ _29d\"> </span>Especialistas y administrativos <span class=\"_ _51\"> </span><span class=\"fc1\">555<span class=\"_ _29d\"> </span></span>517<span class=\"_ _29d\"> </span>Total <span class=\"_ _1b7\"> </span>2.250<span class=\"_ _29d\"> </span>2.075<span class=\"_ _29d\"> </span>La distribuci\u00f3n de la pla<span class=\"_ _0\"></span>ntilla final del Grupo a 31 <span class=\"_ _0\"></span>de diciembre por sexo y categor\u00ed<span class=\"_ _0\"></span>as es la siguien<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>e:  2022 <span class=\"_ _1b8\"> </span>2021 Hombres<span class=\"_ _29d\"> </span>Mujeres<span class=\"_ _29d\"> </span>Total<span class=\"_ _29d\"> </span>Hombres<span class=\"_ _29d\"> </span>Mujeres<span class=\"_ _29d\"> </span>Total<span class=\"_ _29d\"> </span>Equipo directivo <span class=\"_ _15a\"> </span><span class=\"fc1\">119<span class=\"_ _29d\"> </span></span>65<span class=\"_ _29d\"> </span>184<span class=\"_ _29d\"> </span>108<span class=\"_ _29d\"> </span>56<span class=\"_ _29d\"> </span>164<span class=\"_ _29d\"> </span>T\u00e9cnicos superiores y mandos medios <span class=\"_ _1b9\"> </span><span class=\"fc1\">475<span class=\"_ _29d\"> </span></span>252<span class=\"_ _29d\"> </span>727<span class=\"_ _29d\"> </span>436<span class=\"_ _29d\"> </span>223<span class=\"_ _29d\"> </span>659<span class=\"_ _29d\"> </span>T\u00e9cnicos medios <span class=\"_ _1ba\"> </span><span class=\"fc1\">723<span class=\"_ _29d\"> </span></span>175<span class=\"_ _29d\"> </span>898<span class=\"_ _29d\"> </span>613<span class=\"_ _29d\"> </span>163<span class=\"_ _29d\"> </span>776<span class=\"_ _29d\"> </span>Especialistas y administrativos <span class=\"_ _144\"> </span><span class=\"fc1\">429<span class=\"_ _29d\"> </span></span>182<span class=\"_ _29d\"> </span>611<span class=\"_ _29d\"> </span>395<span class=\"_ _29d\"> </span>123<span class=\"_ _29d\"> </span>518<span class=\"_ _29d\"> </span>Total <span class=\"_ _1bb\"> </span>1.746<span class=\"_ _29d\"> </span>674<span class=\"_ _29d\"> </span>2.420<span class=\"_ _29d\"> </span>1.552<span class=\"_ _29d\"> </span>565<span class=\"_ _29d\"> </span>2.117<span class=\"_ _29d\"> </span>La mayor pa<span class=\"_ _0\"></span>rte del incre<span class=\"_ _0\"></span>mento de plan<span class=\"_ _0\"></span>tilla registrado en <span class=\"_ _0\"></span>el ejercicio 202<span class=\"_ _0\"></span>2 proviene de<span class=\"_ _0\"></span> la plantill<span class=\"_ _0\"></span>a incorporada en el proceso de adquisi<span class=\"_ _0\"></span>ci\u00f3n de Axess lleva<span class=\"_ _0\"></span>do a cabo por Hispasat, S.A. (<span class=\"_ _0\"></span>v\u00e9ase nota 6).  El n\u00famero medio<span class=\"_ _0\"></span> de personas e<span class=\"_ _0\"></span>mpleadas con discap<span class=\"_ _0\"></span>acidad mayor o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>igual <span class=\"_ _0\"></span>al 33%, en 2022 y 2<span class=\"_ _0\"></span>021, por sexo y categor\u00edas es el siguie<span class=\"_ _0\"></span>nte:  2022 <span class=\"_ _1b8\"> </span>202<span class=\"_ _1\"></span>1 Hombres<span class=\"_ _29d\"> </span>Mujeres<span class=\"_ _29d\"> </span>Total<span class=\"_ _29d\"> </span>Hombres<span class=\"_ _29d\"> </span>Mujeres<span class=\"_ _29d\"> </span>Total<span class=\"_ _29d\"> </span>Equipo Directivo <span class=\"_ _1bc\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>T\u00e9cnicos superiores y mandos medios <span class=\"_ _f5\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>1<span class=\"_ _29d\"> </span>2<span class=\"_ _29d\"> </span>3<span class=\"_ _29d\"> </span>T\u00e9cnicos Medios <span class=\"_ _1bd\"> </span><span class=\"fc1\">12<span class=\"_ _29d\"> </span></span>4<span class=\"_ _29d\"> </span>16<span class=\"_ _29d\"> </span>11<span class=\"_ _29d\"> </span>1<span class=\"_ _29d\"> </span>10<span class=\"_ _29d\"> </span>Especialistas y Administrativos <span class=\"_ _34\"> </span><span class=\"fc1\">3<span class=\"_ _29d\"> </span></span>1<span class=\"_ _29d\"> </span>4<span class=\"_ _29d\"> </span>3<span class=\"_ _29d\"> </span>2<span class=\"_ _29d\"> </span>7<span class=\"_ _29d\"> </span>Total <span class=\"_ _1be\"> </span>15<span class=\"_ _29d\"> </span>5<span class=\"_ _29d\"> </span>20<span class=\"_ _29d\"> </span>15<span class=\"_ _29d\"> </span>5<span class=\"_ _29d\"> </span>20<span class=\"_ _29d\"> </span>Adiciona<span class=\"_ _0\"></span>lmente, <span class=\"_ _1\"></span>no <span class=\"_ _1\"></span>contemplados en la <span class=\"_ _1\"></span>plantilla del <span class=\"_ _1\"></span>Grupo<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>31 de <span class=\"_ _1\"></span>diciembre de <span class=\"_ _1\"></span>2022, hay que <span class=\"_ _1\"></span>rese\u00f1ar que el n\u00fam<span class=\"_ _1\"></span>ero <span class=\"_ _1\"></span>de miembros del <span class=\"_ _1\"></span>Consejo <span class=\"_ _1\"></span>de Administraci\u00f3n de <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>Sociedad matriz <span class=\"_ _1\"></span>es <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>12 <span class=\"_ _1\"></span>(12 <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>2021), <span class=\"_ _1\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>los cuales 6 son homb<span class=\"_ _0\"></span>res y 6 son mujeres (6 hombre<span class=\"_ _0\"></span>s y 6 mujeres en 2021).<span class=\"_ _0\"></span> e) <span class=\"_ _c7\"> </span>Ingresos y Gastos fina<span class=\"_ _0\"></span>ncieros<span class=\"ff3 fc1\">  </span>Los <span class=\"_ _0\"></span>I<span class=\"_ _1\"></span>ngresos<span class=\"_ _0\"></span> financieros <span class=\"_ _0\"></span>en el<span class=\"_ _0\"></span> ejercicio 202<span class=\"_ _0\"></span>2 corre<span class=\"_ _0\"></span>sponden fundamen<span class=\"_ _0\"></span>talmente a<span class=\"_ _0\"></span> los divi<span class=\"_ _0\"></span>dendos re<span class=\"_ _0\"></span>cibidos po<span class=\"_ _0\"></span>r la participaci\u00f3n del 5% q<span class=\"_ _0\"></span>ue el Grupo mantiene en<span class=\"_ _0\"></span> REN, por importe de 7.27<span class=\"_ _0\"></span>2 miles de euros (5.704 mil<span class=\"_ _0\"></span>es de euros en 2021).  <span class=\"_ _0\"></span> Asimismo, <span class=\"_ _1\"></span>en <span class=\"_ _c8\"></span>2022 <span class=\"_ _c4\"></span>se <span class=\"_ _c4\"></span>recogen <span class=\"_ _c4\"></span>3.431 <span class=\"_ _c4\"></span>miles <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>euros <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>i<span class=\"_ _1\"></span>ngreso<span class=\"_ _0\"></span>s <span class=\"_ _c4\"></span>procedentes <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>dep\u00f3sitos <span class=\"_ _c4\"></span>a <span class=\"_ _c4\"></span>plazo, <span class=\"_ _c4\"></span>3.307 miles de euros (3.257 miles de euros <span class=\"_ _1\"></span>en 2021) procedentes<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>de las inversiones en las AIE <span class=\"_ _1\"></span>(v\u00e9anse<span class=\"_ _0\"></span> nota <span class=\"_ _1\"></span>19 y 23) <span class=\"_ _c2\"></span>e <span class=\"_ _c2\"></span>ingresos <span class=\"_ _c8\"></span>financieros <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>cr\u00e9ditos <span class=\"_ _c8\"></span>concedidos <span class=\"_ _c2\"></span>a <span class=\"_ _c2\"></span>la <span class=\"_ _c2\"></span>sociedad <span class=\"_ _c8\"></span>TEN <span class=\"_ _c2\"></span>(v\u00e9ase <span class=\"_ _c2\"></span>nota <span class=\"_ _c2\"></span>24) <span class=\"_ _c8\"></span>por <span class=\"_ _c2\"></span>importe <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>602<span class=\"_ _0\"></span> miles de euros (368 <span class=\"_ _0\"></span>miles de euros en 2021).<span class=\"_ _0\"></span> El ep\u00edgrafe de <span class=\"_ _1\"></span>Gastos financieros recoge principalmente los <span class=\"_ _1\"></span>gastos<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>financieros, netos de activaciones finan-<span class=\"_ _29d\"> </span>cieras, asociados a<span class=\"_ _0\"></span> Deudas <span class=\"_ _0\"></span>con entidades de c<span class=\"_ _0\"></span>r\u00e9dito y Obli<span class=\"_ _0\"></span>gaciones y ot<span class=\"_ _0\"></span>ros valores negocia<span class=\"_ _0\"></span>bles por impo<span class=\"_ _0\"></span>rte de 129.341 miles de e<span class=\"_ _0\"></span>uros (v\u00e9ase nota 19), (123.<span class=\"_ _0\"></span>127 miles de euros en 2<span class=\"_ _0\"></span>021).  Las activacion<span class=\"_ _0\"></span>es de gastos <span class=\"_ _0\"></span>financieros en 2<span class=\"_ _0\"></span>022 (v\u00e9<span class=\"_ _0\"></span>anse notas 7 <span class=\"_ _0\"></span>y 8) han a<span class=\"_ _0\"></span>scendido a 10<span class=\"_ _0\"></span>.569 miles <span class=\"_ _0\"></span>de euros<span class=\"_ _0\"></span> (7.674 miles de<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>euros en 20<span class=\"_ _0\"></span>21).<span class=\"_ _29d\"> </span>25<span class=\"ff3\"> <span class=\"_ _bf\"></span><span class=\"ff7\">Tr<span class=\"_ _1\"></span>ansacciones <span class=\"_ _1\"></span>con in<span class=\"_ _1\"></span>versione<span class=\"_ _1\"></span>s contabil<span class=\"_ _1\"></span>izadas aplican<span class=\"_ _1\"></span>do el<span class=\"_ _1\"></span> </span></span>m\u00e9todo de la <span class=\"_ _1\"></span>particip<span class=\"_ _1\"></span>aci\u00f3n y <span class=\"_ _1\"></span>partes vincula<span class=\"_ _1\"></span>das a) <span class=\"_ _c7\"> </span>Saldos y transacciones<span class=\"_ _0\"></span> con inversiones conta<span class=\"_ _0\"></span>bilizadas aplicando el m\u00e9todo<span class=\"_ _0\"></span> de la participaci\u00f3n <span class=\"ff3 fc1\"> </span>Los saldos y <span class=\"_ _1\"></span>transacciones se corresponden con las <span class=\"_ _1\"></span>operaciones realizadas con las <span class=\"_ _1\"></span>sociedades TEN e <span class=\"_ _1\"></span>His-<span class=\"_ _29d\"> </span>desat. <span class=\"_ _1\"></span>Todas <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>transacciones <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>han <span class=\"_ _1\"></span>realizado a <span class=\"_ _c4\"></span>precios <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>mercado. <span class=\"_ _1\"></span>Las <span class=\"_ _1\"></span>principales <span class=\"_ _1\"></span>transaccio<span class=\"_ _0\"></span>nes <span class=\"_ _c4\"></span>efec-<span class=\"_ _29d\"> </span>tuadas <span class=\"_ _c8\"></span>por <span class=\"_ _c8\"></span>las <span class=\"_ _c8\"></span>sociedades <span class=\"_ _c4\"></span>del <span class=\"_ _c8\"></span>Grupo <span class=\"_ _c8\"></span>con <span class=\"_ _c8\"></span>TEN <span class=\"_ _c8\"></span>e <span class=\"_ _c8\"></span>Hisdesat <span class=\"_ _c8\"></span>durante <span class=\"_ _c8\"></span>los <span class=\"_ _c8\"></span>ejercicios <span class=\"_ _c8\"></span>2022 <span class=\"_ _c8\"></span>y <span class=\"_ _c8\"></span>2021 <span class=\"_ _c8\"></span>han <span class=\"_ _c4\"></span>sido <span class=\"_ _c8\"></span>las siguientes:  2022 <span class=\"_ _14a\"> </span>2021 Saldos <span class=\"_ _6\"> </span>Transacciones <span class=\"_ _1bf\"> </span>Saldos <span class=\"_ _19d\"> </span>Transacciones Miles de Euro<span class=\"_ _1\"></span>s <span class=\"_ _236\"></span>Deudores<span class=\"_ _29d\"> </span>Acreedores<span class=\"_ _29d\"> </span>Gastos<span class=\"_ _29d\"> </span>Ingresos<span class=\"_ _29d\"> </span>Deudores<span class=\"_ _29d\"> </span>Acreedores<span class=\"_ _29d\"> </span>Gastos<span class=\"_ _29d\"> </span>Ingresos<span class=\"_ _29d\"> </span>Transmisora  El\u00e9ctrica del Norte 14.287<span class=\"_ _29d\"> </span>(31)<span class=\"_ _29d\"> </span>(197)<span class=\"_ _29d\"> </span>602<span class=\"_ _29d\"> </span>12.503<span class=\"_ _29d\"> </span>- (138)<span class=\"_ _29d\"> </span>368<span class=\"_ _29d\"> </span>S.A. (TEN) Hisdesat Servicios - - - 2.240<span class=\"_ _29d\"> </span>8<span class=\"_ _29d\"> </span>- - 2.170<span class=\"_ _29d\"> </span>Estrat\u00e9gicos, S.A. Total  <span class=\"_ _13e\"> </span>14.287<span class=\"_ _29d\"> </span>(31)<span class=\"_ _29d\"> </span>(197)<span class=\"_ _29d\"> </span>2.842<span class=\"_ _29d\"> </span>12.511<span class=\"_ _29d\"> </span>- (138)<span class=\"_ _29d\"> </span>2.537<span class=\"_ _29d\"> </span>b) <span class=\"_ _ca\"> </span>Transacciones con par<span class=\"_ _0\"></span>tes vinculadas<span class=\"ff3 fc1\">  </span>Las <span class=\"_ _1\"></span>transacciones <span class=\"_ _1\"></span>con <span class=\"_ _c4\"></span>partes <span class=\"_ _1\"></span>vinculadas <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>han <span class=\"_ _c4\"></span>realizado <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>condiciones <span class=\"_ _c4\"></span>normales <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>mercado, <span class=\"_ _1\"></span>siendo <span class=\"_ _1\"></span>su detalle el siguien<span class=\"_ _0\"></span>te:<span class=\"_ _29d\"> </span> 2022 Personas,<span class=\"_ _29d\"> </span>Otras partes sociedades o Total<span class=\"_ _29d\"> </span>vinculadas<span class=\"_ _29d\"> </span>entidades del Grupo<span class=\"_ _29d\"> </span>Miles de euros<span class=\"_ _29d\"> </span>Gastos e Ingresos: <span class=\"_ _1c0\"> </span><span class=\"ff5\"> </span>Arrendamientos <span class=\"_ _15\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>- Otros gastos <span class=\"_ _38\"> </span>197 37.064 37.261 Gastos <span class=\"_ _1c1\"> </span>197 37.064 37.261 Prestaci\u00f3n de servicios <span class=\"_ _1c2\"> </span>2.240 851 3.091 Ingresos financieros <span class=\"_ _1c3\"> </span>602 - 602 Ingresos <span class=\"_ _10c\"> </span>2.8<span class=\"_ _1\"></span>42 851 3.693 Otras transacciones: <span class=\"_ _1c4\"> </span><span class=\"ff3\"> </span>Acuerdos de financiaci\u00f3n pr\u00e9stamos y apo<span class=\"_ _1\"></span>rtaciones de ca-<span class=\"_ _29d\"> </span>12.338 - 12.338 pital (prestamista) Otras Operaciones   <span class=\"_ _1c0\"> </span>- 3 3 Otras transacciones <span class=\"_ _1c5\"> </span>12.338 3 12.341 Las <span class=\"_ _0\"></span>operaciones<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>referent<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>personas<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>sociedades <span class=\"_ _bf\"></span>o en<span class=\"_ _0\"></span>tidades <span class=\"_ _0\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>Grupo <span class=\"_ _bf\"></span>son la<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>relativas <span class=\"_ _bf\"></span>a <span class=\"_ _0\"></span>TEN <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>Hisdesat ya <span class=\"_ _c8\"></span>comentadas <span class=\"_ _c2\"></span>en <span class=\"_ _c8\"></span>el <span class=\"_ _c2\"></span>apartado <span class=\"_ _c8\"></span>a) <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>esta <span class=\"_ _c8\"></span>m<span class=\"_ _1\"></span>isma<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>nota. <span class=\"_ _c8\"></span>El <span class=\"_ _c2\"></span>saldo <span class=\"_ _c8\"></span>que <span class=\"_ _c2\"></span>aparece <span class=\"_ _c8\"></span>en <span class=\"_ _c8\"></span>Acuerdos <span class=\"_ _c2\"></span>de <span class=\"_ _c8\"></span>financiaci\u00f3n pr\u00e9stamos <span class=\"_ _bf\"></span>y <span class=\"_ _0\"></span>aportacio<span class=\"_ _0\"></span>nes <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>capital <span class=\"_ _0\"></span>(prestamista<span class=\"_ _0\"></span>) <span class=\"_ _0\"></span>correspon<span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>al <span class=\"_ _bf\"></span>cr\u00e9dito <span class=\"_ _bf\"></span>existente <span class=\"_ _0\"></span>a <span class=\"_ _bf\"></span>31 <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>diciembre <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>2022<span class=\"_ _0\"></span> y <span class=\"_ _1\"></span>2021 <span class=\"_ _1\"></span>(v\u00e9ase <span class=\"_ _1\"></span>nota 19), <span class=\"_ _1\"></span>generado m<span class=\"_ _1\"></span>ediante una p\u00f3liza <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>cr\u00e9dito <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>TEN, el <span class=\"_ _1\"></span>m\u00e1ximo <span class=\"_ _1\"></span>dispuesto durante <span class=\"_ _c4\"></span>el ejercicio 2022 ha <span class=\"_ _0\"></span>sido de 14.675 miles de euro<span class=\"_ _0\"></span>s (17.651 miles de eu<span class=\"_ _0\"></span>ros de disposici\u00f3<span class=\"_ _0\"></span>n m\u00e1xima en 2021).  Dentro de <span class=\"_ _1\"></span>otras partes vinculadas se <span class=\"_ _1\"></span>han incluido las <span class=\"_ _1\"></span>transacciones realizadas con entidades del <span class=\"_ _1\"></span>sector P\u00fa-<span class=\"_ _29d\"> </span>blico <span class=\"_ _1\"></span>Estatal. Estas <span class=\"_ _1\"></span>operaciones <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>han realizado <span class=\"_ _1\"></span>principalmente entre <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>sociedad ADI<span class=\"_ _1\"></span>F, <span class=\"_ _1\"></span>la cual <span class=\"_ _1\"></span>presta <span class=\"_ _1\"></span>ser-<span class=\"_ _29d\"> </span>vicios de <span class=\"_ _0\"></span>mantenimiento <span class=\"_ _0\"></span>a la red de cab<span class=\"_ _0\"></span>les de fibra<span class=\"_ _0\"></span>, y la e<span class=\"_ _0\"></span>mpresa del Grup<span class=\"_ _0\"></span>o Reintel. Tambi\u00e9n<span class=\"_ _0\"></span> se reco<span class=\"_ _0\"></span>gen las operaciones realiz<span class=\"_ _0\"></span>adas entre las sociedades<span class=\"_ _0\"></span> del Grupo Indra Sistemas<span class=\"_ _0\"></span> y las sociedades de Rede<span class=\"_ _0\"></span>ia. En los ejercicios 2022<span class=\"_ _0\"></span> y 2021 no ha habido opera<span class=\"_ _0\"></span>ciones relativas a Administrado<span class=\"_ _0\"></span>res y Directivos.  26<span class=\"ff3\"> <span class=\"_ _bf\"></span><span class=\"ff7\">Retribuciones <span class=\"_ _1\"></span>al Consejo de Adm<span class=\"_ _1\"></span>inistra<span class=\"_ _1\"></span>ci\u00f3n </span></span>La Junta General de Accionistas celebrada el 29 de junio de 2021 aprob\u00f3 la Pol\u00edtica de Remuneracione<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>de los Consejeros de <span class=\"_ _1\"></span>Red El\u00e9<span class=\"_ _0\"></span>ctrica <span class=\"_ _1\"></span>Corporaci\u00f3n,<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>S.A. para los <span class=\"_ _1\"></span>ejercicios 2022<span class=\"_ _0\"></span>, <span class=\"_ _1\"></span>2023 y <span class=\"_ _1\"></span>2024 (la anterior pol\u00edtica de Remuneracio<span class=\"_ _0\"></span>nes fue aprobada en 2019 para l<span class=\"_ _0\"></span>os ejercicios 2019<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>a 2021). La <span class=\"_ _1\"></span>actual Pol\u00edtica de <span class=\"_ _1\"></span>Remuneraciones<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>es continuista <span class=\"_ _1\"></span>con la anterior, <span class=\"_ _1\"></span>sin <span class=\"_ _1\"></span>inco<span class=\"_ _0\"></span>rporar <span class=\"_ _1\"></span>cambios significativos, si bien se<span class=\"_ _0\"></span> refuerzan a<span class=\"_ _0\"></span>lgunos apa<span class=\"_ _0\"></span>rtados de<span class=\"_ _0\"></span> la mis<span class=\"_ _0\"></span>ma, entre<span class=\"_ _0\"></span> otros, su<span class=\"_ _0\"></span> contribuc<span class=\"_ _0\"></span>i\u00f3n a la<span class=\"_ _0\"></span> estrategia e<span class=\"_ _0\"></span>mpresari<span class=\"_ _0\"></span>al y a<span class=\"_ _0\"></span> los intereses y a<span class=\"_ _0\"></span> la sostenibil<span class=\"_ _0\"></span>idad a largo plazo de la Sociedad,<span class=\"_ _0\"></span> la mejora de la <span class=\"_ _0\"></span>transparencia sobre<span class=\"_ _0\"></span> su deter-<span class=\"_ _29d\"> </span>minaci\u00f3n, <span class=\"_ _c8\"></span>la <span class=\"_ _c2\"></span>informaci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>sobre <span class=\"_ _c2\"></span>la <span class=\"_ _c8\"></span>gesti\u00f3n <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>los <span class=\"_ _c8\"></span>posibles <span class=\"_ _c8\"></span>riesgos <span class=\"_ _c2\"></span>asociados <span class=\"_ _c8\"></span>a <span class=\"_ _c2\"></span>la <span class=\"_ _c2\"></span>remuneraci\u00f3n <span class=\"_ _c8\"></span>y <span class=\"_ _c8\"></span>sobre <span class=\"_ _c2\"></span>su alineamiento con<span class=\"_ _0\"></span> la pol\u00edtica de remune<span class=\"_ _0\"></span>raciones d<span class=\"_ _0\"></span>e los empleado<span class=\"_ _0\"></span>s del Grupo en su<span class=\"_ _0\"></span> conjunto, en l<span class=\"_ _0\"></span>\u00ednea con la<span class=\"_ _0\"></span>s exigencias establecid<span class=\"_ _0\"></span>as en la vigente Ley de Soc<span class=\"_ _0\"></span>iedades de Capital. La Junta <span class=\"_ _0\"></span>General de Accio<span class=\"_ _0\"></span>nistas celebrara el 7<span class=\"_ _0\"></span> de junio d<span class=\"_ _0\"></span>e 2022, a p<span class=\"_ _0\"></span>ropuesta del Co<span class=\"_ _0\"></span>nsejo de Administraci\u00f3<span class=\"_ _0\"></span>n y de conformi<span class=\"_ _0\"></span>dad con lo establecido<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>en<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>los Estatutos Socia<span class=\"_ _0\"></span>les, aprob\u00f3 el I<span class=\"_ _0\"></span>nforme Anual sobre Re<span class=\"_ _0\"></span>muneracio-<span class=\"_ _29d\"> </span>nes <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>Consejeros, <span class=\"_ _1\"></span>que incluye, <span class=\"_ _1\"></span>entre <span class=\"_ _1\"></span>otros <span class=\"_ _1\"></span>aspectos, <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>retribuci\u00f3n <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>Consejo <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>Administraci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>para<span class=\"_ _0\"></span> el ejercicio 2022.<span class=\"_ _0\"></span> La retribuci\u00f3n del Consejo de <span class=\"_ _1\"></span>Administraci\u00f3n aprobada, incluida la retribuci\u00f3n de <span class=\"_ _1\"></span>los miembros del Consejo, de la Presidenta y<span class=\"_ _0\"></span> del Consejero Delegad<span class=\"_ _0\"></span>o, <span class=\"_ _1\"></span>no ha<span class=\"_ _0\"></span> sufrido variaci\u00f3n con r<span class=\"_ _0\"></span>especto a 2021. Por <span class=\"_ _1\"></span>lo <span class=\"_ _c4\"></span>que <span class=\"_ _c4\"></span>respecta <span class=\"_ _1\"></span>a <span class=\"_ _c4\"></span>la <span class=\"_ _1\"></span>Presidenta, <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>acuerdo <span class=\"_ _1\"></span>con <span class=\"_ _c4\"></span>sus <span class=\"_ _c4\"></span>funciones <span class=\"_ _1\"></span>como <span class=\"_ _1\"></span>Presidenta <span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>o <span class=\"_ _c4\"></span>ejecutiva<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>So-<span class=\"_ _29d\"> </span>ciedad, <span class=\"_ _c4\"></span>t<span class=\"_ _1\"></span>iene <span class=\"_ _c4\"></span>asignada <span class=\"_ _c8\"></span>una <span class=\"_ _c4\"></span>r<span class=\"_ _1\"></span>etribuci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _c8\"></span>fija <span class=\"_ _c8\"></span>anual, <span class=\"_ _c8\"></span>a <span class=\"_ _c4\"></span>la <span class=\"_ _c2\"></span>que <span class=\"_ _c4\"></span>hay <span class=\"_ _c8\"></span>que <span class=\"_ _c8\"></span>a\u00f1adir <span class=\"_ _c4\"></span>la <span class=\"_ _c8\"></span>retribuci\u00f3n <span class=\"_ _c4\"></span>como <span class=\"_ _c8\"></span>miembro <span class=\"_ _c4\"></span>del Consejo <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>Administraci\u00f3n. <span class=\"_ _c4\"></span>Su <span class=\"_ _c8\"></span>r<span class=\"_ _1\"></span>etribuci\u00f3n <span class=\"_ _c4\"></span>se <span class=\"_ _c8\"></span>compone <span class=\"_ _c8\"></span>exclusivamente <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>element<span class=\"_ _1\"></span>os <span class=\"_ _c8\"></span>de <span class=\"_ _c4\"></span>car\u00e1cter <span class=\"_ _c8\"></span>fij<span class=\"_ _1\"></span>o <span class=\"_ _c4\"></span>y <span class=\"_ _c2\"></span>no tiene <span class=\"_ _c4\"></span>asignada <span class=\"_ _1\"></span>retribuci\u00f3n <span class=\"_ _1\"></span>variable, <span class=\"_ _1\"></span>ni <span class=\"_ _c4\"></span>anual, <span class=\"_ _1\"></span>ni <span class=\"_ _c4\"></span>plurianual, <span class=\"_ _c4\"></span>ni <span class=\"_ _1\"></span>indemnizaci\u00f3n <span class=\"_ _1\"></span>por <span class=\"_ _c4\"></span>cese. <span class=\"_ _c4\"></span>En <span class=\"_ _1\"></span>2022 <span class=\"_ _c4\"></span>amba<span class=\"_ _0\"></span>s <span class=\"_ _c4\"></span>retri-<span class=\"_ _29d\"> </span>buciones se han man<span class=\"_ _0\"></span>tenido en los mismo<span class=\"_ _0\"></span>s t\u00e9rminos que en 2021.<span class=\"_ _0\"></span> En relaci\u00f3n con el Consejero Delegado, tiene<span class=\"_ _0\"></span> asignada una retribuci\u00f3n que incluye, tanto una retribu<span class=\"_ _0\"></span>ci\u00f3n fija y <span class=\"_ _c5\"></span>variable, <span class=\"_ _c5\"></span>anual <span class=\"_ _c5\"></span>y <span class=\"_ _c5\"></span>pluri<span class=\"_ _0\"></span>anual, <span class=\"_ _c5\"></span>por <span class=\"_ _c5\"></span>sus <span class=\"_ _c5\"></span>funciones <span class=\"_ _c5\"></span>ejecutiva<span class=\"_ _0\"></span>s, <span class=\"_ _c5\"> </span>como <span class=\"_ _c5\"></span>una <span class=\"_ _c5\"></span>retribuci\u00f3n <span class=\"_ _c5\"></span>fija <span class=\"_ _c5\"></span>en <span class=\"_ _c2\"></span>su <span class=\"_ _c5\"> </span>condici\u00f3n <span class=\"_ _c2\"></span>de<span class=\"_ _29d\"> </span>miembro <span class=\"_ _0\"></span>del <span class=\"_ _bf\"></span>Consejo <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>Administraci\u00f3n. <span class=\"_ _0\"></span>Tambi\u00e9n<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>tiene <span class=\"_ _0\"></span>asignado <span class=\"_ _bf\"></span>un <span class=\"_ _0\"></span>complemento <span class=\"_ _bf\"></span>en <span class=\"_ _0\"></span>concepto <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>beneficios sociales. <span class=\"_ _1\"></span>Una <span class=\"_ _1\"></span>parte <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>la r<span class=\"_ _1\"></span>etribuci\u00f3n var<span class=\"_ _1\"></span>iable <span class=\"_ _1\"></span>anu<span class=\"_ _0\"></span>al <span class=\"_ _1\"></span>y <span class=\"_ _c4\"></span>plurianual, <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>liquida <span class=\"_ _1\"></span>mediante <span class=\"_ _c4\"></span>la <span class=\"_ _1\"></span>entrega de <span class=\"_ _1\"></span>acciones de la Sociedad. Asimismo, <span class=\"_ _c2\"></span>el <span class=\"_ _c2\"></span>Consejero <span class=\"_ _c2\"></span>Delegado <span class=\"_ _c2\"></span>participa <span class=\"_ _c2\"></span>en <span class=\"_ _c2\"></span>un <span class=\"_ _c5\"></span>sistema <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>previsi\u00f3n <span class=\"_ _c2\"></span>social <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>aportaci\u00f3n <span class=\"_ _c2\"></span>definida. <span class=\"_ _c5\"></span>Las<span class=\"_ _0\"></span> contingencias <span class=\"_ _1\"></span>cubiertas por <span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>ste <span class=\"_ _1\"></span>sistema <span class=\"_ _1\"></span>son <span class=\"_ _1\"></span>jubilaci\u00f3<span class=\"_ _0\"></span>n, <span class=\"_ _1\"></span>fallecimiento <span class=\"_ _c4\"></span>e <span class=\"_ _1\"></span>incapacida<span class=\"_ _0\"></span>d <span class=\"_ _c4\"></span>permanente. La <span class=\"_ _c4\"></span>obliga-<span class=\"_ _29d\"> </span>ci\u00f3n de Red El\u00e9ctrica Corporaci\u00f3n, S.A. se limita a la<span class=\"_ _0\"></span> realizaci\u00f3n de una contribuci\u00f3n anual equivalente a un<span class=\"_ _0\"></span> 20% de la retribuci\u00f3n <span class=\"_ _0\"></span>fija anual del Consejero<span class=\"_ _0\"></span> Delegado. La retribuci\u00f3n variable a<span class=\"_ _0\"></span>nual del Consejero Dele<span class=\"_ _0\"></span>gado se establece con criterios ob<span class=\"_ _0\"></span>jetivos <span class=\"_ _1\"></span>predete<span class=\"_ _0\"></span>rminados y cuantificables <span class=\"_ _c8\"></span>por <span class=\"_ _c2\"></span>la <span class=\"_ _c2\"></span>Comisi\u00f3n <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>Nombramient<span class=\"_ _0\"></span>os <span class=\"_ _c2\"></span>y <span class=\"_ _c2\"></span>Retribuciones<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>la <span class=\"_ _c2\"></span>Sociedad <span class=\"_ _c8\"></span>m<span class=\"_ _1\"></span>atriz<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>al <span class=\"_ _c8\"></span>inicio <span class=\"_ _c2\"></span>de <span class=\"_ _c8\"></span>cada ejercicio. <span class=\"_ _c8\"></span>Los <span class=\"_ _c8\"></span>objetivos <span class=\"_ _c8\"></span>se <span class=\"_ _c8\"></span>encuentran <span class=\"_ _c4\"></span>alineados <span class=\"_ _c8\"></span>con <span class=\"_ _c8\"></span>las <span class=\"_ _c2\"></span>estrategias <span class=\"_ _c4\"></span>y <span class=\"_ _c2\"></span>actuacione<span class=\"_ _0\"></span>s <span class=\"_ _c8\"></span>establecidas <span class=\"_ _c8\"></span>en <span class=\"_ _c8\"></span>el <span class=\"_ _c8\"></span>Plan Estrat\u00e9gico del Grupo<span class=\"_ _0\"></span> y la valoraci\u00f3n de su cumpl<span class=\"_ _0\"></span>imiento se lleva igualme<span class=\"_ _0\"></span>nte a cabo por la citada <span class=\"_ _0\"></span>Comisi\u00f3n. El <span class=\"_ _0\"></span>Consejero <span class=\"_ _0\"></span>Delegado <span class=\"_ _0\"></span>partici<span class=\"_ _0\"></span>pa e<span class=\"_ _0\"></span>n el <span class=\"_ _0\"></span>Plan<span class=\"_ _0\"></span> de<span class=\"_ _0\"></span> In<span class=\"_ _0\"></span>centivo <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>Largo <span class=\"_ _0\"></span>Plazo <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span> Impu<span class=\"_ _0\"></span>lso <span class=\"_ _0\"></span>a la<span class=\"_ _0\"></span> T<span class=\"_ _0\"></span>ransici\u00f3n <span class=\"_ _0\"></span>Energ\u00e9tica,<span class=\"_ _0\"></span> Reducci\u00f3n de la Brecha<span class=\"_ _0\"></span> Digital y Diversificaci\u00f3n<span class=\"_ _0\"></span>. Los objetivos de dicho Plan est\u00e1n vincula<span class=\"_ _0\"></span>dos a los contem-<span class=\"_ _29d\"> </span>plados <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Plan <span class=\"_ _0\"></span>Estrat\u00e9g<span class=\"_ _0\"></span>ico del <span class=\"_ _0\"></span>Grupo <span class=\"_ _bf\"></span>y se <span class=\"_ _0\"></span>ajust<span class=\"_ _0\"></span>an <span class=\"_ _0\"></span>a las <span class=\"_ _0\"></span>l\u00edneas <span class=\"_ _bf\"></span>m<span class=\"_ _1\"></span>arcadas<span class=\"_ _0\"></span> e<span class=\"_ _0\"></span>n la<span class=\"_ _0\"></span> P<span class=\"_ _0\"></span>ol\u00edtica de <span class=\"_ _0\"></span>Re<span class=\"_ _0\"></span>muneraciones de <span class=\"_ _1\"></span>los <span class=\"_ _c4\"></span>Consejeros. <span class=\"_ _1\"></span>Est<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>Plan <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>Incentivo <span class=\"_ _1\"></span>a <span class=\"_ _c4\"></span>Largo <span class=\"_ _1\"></span>Plazo <span class=\"_ _c4\"></span>tiene <span class=\"_ _c4\"></span>una <span class=\"_ _1\"></span>duraci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>6 <span class=\"_ _c4\"></span>a\u00f1os <span class=\"_ _1\"></span>y <span class=\"_ _c4\"></span>finalizar\u00e1 <span class=\"_ _1\"></span>el <span class=\"_ _c4\"></span>31 <span class=\"_ _c4\"></span>de diciembre de 2025.<span class=\"_ _0\"></span> De <span class=\"_ _c4\"></span>acuerdo <span class=\"_ _c4\"></span>con <span class=\"_ _c8\"></span>la <span class=\"_ _c4\"></span>Pol\u00edtica <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>Remuneraciones <span class=\"_ _1\"></span>de <span class=\"_ _c8\"></span>los <span class=\"_ _c8\"></span>Consejeros<span class=\"_ _0\"></span>, <span class=\"_ _c8\"></span>el <span class=\"_ _c4\"></span>contrato <span class=\"_ _c4\"></span>del <span class=\"_ _c8\"></span>Consejero <span class=\"_ _c4\"></span>Del<span class=\"_ _0\"></span>egado, <span class=\"_ _c4\"></span>si-<span class=\"_ _29d\"> </span>guiendo las pr\u00e1ctica<span class=\"_ _0\"></span>s habituales del me<span class=\"_ _0\"></span>rcado, contempla una<span class=\"_ _0\"></span> indemnizaci\u00f3n equiva<span class=\"_ _0\"></span>lente a una anuali<span class=\"_ _0\"></span>dad en<span class=\"_ _0\"></span> caso de extinci\u00f3n de<span class=\"_ _0\"></span> la relaci\u00f3n mercantil por ces<span class=\"_ _0\"></span>e por voluntad de la Socie<span class=\"_ _0\"></span>dad matriz o cambios de<span class=\"_ _0\"></span> control.  Siguien<span class=\"_ _0\"></span>do <span class=\"_ _1\"></span>las pr\u00e1ct<span class=\"_ _1\"></span>icas<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>de mercado para estos casos, como consecuencia del nombramiento del Consejero<span class=\"_ _0\"></span> Delegado<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>el <span class=\"_ _bf\"></span>contrato <span class=\"_ _0\"></span>lab<span class=\"_ _0\"></span>oral <span class=\"_ _0\"></span>existente <span class=\"_ _bf\"></span>con <span class=\"_ _0\"></span>anterio<span class=\"_ _0\"></span>ridad <span class=\"_ _0\"></span>queda <span class=\"_ _bf\"></span>en <span class=\"_ _0\"></span>suspensi<span class=\"_ _0\"></span>\u00f3n. <span class=\"_ _0\"></span>En <span class=\"_ _bf\"></span>el <span class=\"_ _0\"></span>caso <span class=\"_ _bf\"></span>en <span class=\"_ _0\"></span>que <span class=\"_ _bf\"></span>se <span class=\"_ _0\"></span>produjera<span class=\"_ _0\"></span> la extinci\u00f3n del mis<span class=\"_ _0\"></span>mo, devengar\u00eda en<span class=\"_ _0\"></span> t\u00e9rminos indemnizato<span class=\"_ _0\"></span>rios la retribuci\u00f3n existen<span class=\"_ _0\"></span>te a la fecha de su<span class=\"_ _0\"></span> sus-<span class=\"_ _29d\"> </span>pensi\u00f3n, consider\u00e1ndose, a <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>efectos oportunos, su <span class=\"_ _1\"></span>antig\u00fcedad en <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>Grupo hasta <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>fecha <span class=\"_ _1\"></span>de su <span class=\"_ _1\"></span>nombra-<span class=\"_ _29d\"> </span>miento <span class=\"_ _1\"></span>como <span class=\"_ _1\"></span>Consejero Delegado <span class=\"_ _1\"></span>(15 <span class=\"_ _1\"></span>a\u00f1os), <span class=\"_ _1\"></span>m\u00e1s <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>periodo <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>servicios, si <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>hubiera, <span class=\"_ _1\"></span>tras <span class=\"_ _1\"></span>su <span class=\"_ _1\"></span>cese <span class=\"_ _1\"></span>como Consejero Deleg<span class=\"_ _0\"></span>ado; todo ello de acuerdo con<span class=\"_ _0\"></span> la legislaci\u00f3<span class=\"_ _0\"></span>n laboral vigente. Por <span class=\"_ _c8\"></span>lo <span class=\"_ _c8\"></span>que <span class=\"_ _c8\"></span>r<span class=\"_ _1\"></span>espe<span class=\"_ _0\"></span>cta <span class=\"_ _c8\"></span>al <span class=\"_ _c8\"></span>Consejo <span class=\"_ _c2\"></span>de <span class=\"_ _c8\"></span>Administraci\u00f3<span class=\"_ _0\"></span>n, <span class=\"_ _c8\"></span>su <span class=\"_ _c8\"></span>r<span class=\"_ _1\"></span>etribuci\u00f3n <span class=\"_ _c4\"></span>contempla <span class=\"_ _c4\"></span>una <span class=\"_ _c8\"></span>r<span class=\"_ _1\"></span>etribuci\u00f3n <span class=\"_ _c4\"></span>fij<span class=\"_ _1\"></span>a <span class=\"_ _c4\"></span>anual, <span class=\"_ _c8\"></span>una remuneraci\u00f3n <span class=\"_ _0\"></span>por asistencia<span class=\"_ _0\"></span> a las sesione<span class=\"_ _0\"></span>s del Consejo, u<span class=\"_ _0\"></span>na remuneraci\u00f3<span class=\"_ _0\"></span>n por dedicaci\u00f3<span class=\"_ _0\"></span>n a las Comisi<span class=\"_ _0\"></span>ones del <span class=\"_ _1\"></span>Consejo <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>Administraci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _c4\"></span>y <span class=\"_ _c4\"></span>una <span class=\"_ _1\"></span>retribuci\u00f3n <span class=\"_ _1\"></span>espec\u00edfica <span class=\"_ _c4\"></span>anual <span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>an<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>para <span class=\"_ _c4\"></span>los <span class=\"_ _c4\"></span>Presiden<span class=\"_ _0\"></span>tes <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>las <span class=\"_ _c4\"></span>mismas<span class=\"_ _0\"></span> como <span class=\"_ _1\"></span>para el <span class=\"_ _1\"></span>cargo <span class=\"_ _1\"></span>de Consejero <span class=\"_ _1\"></span>Independiente Coordinador (CIC). <span class=\"_ _1\"></span>Los conceptos <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>cuant\u00edas de <span class=\"_ _1\"></span>esta r<span class=\"_ _1\"></span>etri-<span class=\"_ _29d\"> </span>buci\u00f3n se han mantenid<span class=\"_ _0\"></span>o sin cambios en 20<span class=\"_ _0\"></span>22. Asimismo, se <span class=\"_ _1\"></span>les abonar\u00e1n o <span class=\"_ _1\"></span>reembolsar\u00e1n a los Consejeros <span class=\"_ _1\"></span>los gastos <span class=\"_ _1\"></span>razonable<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>debidamen<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>e justifica-<span class=\"_ _29d\"> </span>dos <span class=\"_ _c8\"></span>en <span class=\"_ _c8\"></span>que <span class=\"_ _c8\"></span>\u00e9stos <span class=\"_ _c8\"></span>hubieran <span class=\"_ _c8\"></span>incurrido <span class=\"_ _c8\"></span>como <span class=\"_ _c8\"></span>consecuencia<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>su <span class=\"_ _c8\"></span>asistencia <span class=\"_ _c8\"></span>a <span class=\"_ _c8\"></span>las <span class=\"_ _c8\"></span>reuniones <span class=\"_ _c8\"></span>y <span class=\"_ _c8\"></span>dem\u00e1s <span class=\"_ _c8\"></span>tareas directamente <span class=\"_ _1\"></span>relacionad<span class=\"_ _0\"></span>as <span class=\"_ _c4\"></span>con <span class=\"_ _c4\"></span>el <span class=\"_ _1\"></span>desempe\u00f1o <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>su <span class=\"_ _c4\"></span>cargo, <span class=\"_ _1\"></span>tales <span class=\"_ _c4\"></span>como <span class=\"_ _1\"></span>desplazamiento, <span class=\"_ _1\"></span>alojamiento, <span class=\"_ _1\"></span>manu-<span class=\"_ _29d\"> </span>tenci\u00f3n y cualquie<span class=\"_ _0\"></span>r otro en que puedan incurrir.<span class=\"_ _0\"></span> El importe<span class=\"_ _0\"></span> total deven<span class=\"_ _0\"></span>gado po<span class=\"_ _0\"></span>r los <span class=\"_ _0\"></span>miembros <span class=\"_ _0\"></span>del Con<span class=\"_ _0\"></span>sejo de A<span class=\"_ _0\"></span>dministraci\u00f3n de<span class=\"_ _0\"></span> la So<span class=\"_ _0\"></span>ciedad ma<span class=\"_ _0\"></span>triz en <span class=\"_ _0\"></span>2022 y<span class=\"_ _0\"></span> 2021, es el siguien<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>e:<span class=\"_ _0\"></span> 2022<span class=\"_ _29d\"> </span>2021<span class=\"_ _29d\"> </span>Miles de eur<span class=\"_ _1\"></span>os<span class=\"_ _29d\"> </span>Retribuci\u00f3n del Consejo de Administraci\u00f3n por todos<span class=\"_ _1\"></span> los conceptos <span class=\"_ _237\"></span>2.485<span class=\"_ _29d\"> </span>2.502<span class=\"_ _29d\"> </span>(1)<span class=\"_ _29d\"> </span>Retribuci\u00f3n de los Consejeros por su condici\u00f3n ejecutiva 743<span class=\"_ _29d\"> </span>743<span class=\"_ _29d\"> </span>Total 3.228<span class=\"_ _29d\"> </span>3.245<span class=\"_ _29d\"> </span>(1) Incluye la retribuc<span class=\"_ _0\"></span>i\u00f3n fija y la retribuci\u00f3n <span class=\"_ _0\"></span>variable anual devengad<span class=\"_ _0\"></span>as en el periodo.<span class=\"_ _29d\"> </span>La <span class=\"_ _0\"></span>disminuci\u00f3n, co<span class=\"_ _0\"></span>n resp<span class=\"_ _0\"></span>ecto al <span class=\"_ _0\"></span>ejercicio<span class=\"_ _0\"></span> anterior, <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>\u201cRetribuci\u00f3n <span class=\"_ _0\"></span>del Co<span class=\"_ _0\"></span>nsejo de <span class=\"_ _0\"></span>Administraci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>por todos los conceptos<span class=\"_ _0\"></span>\u201d, se debe <span class=\"_ _0\"></span>a que durante <span class=\"_ _0\"></span>2022 ha h<span class=\"_ _0\"></span>abido un peri<span class=\"_ _0\"></span>odo en el q<span class=\"_ _0\"></span>ue ha estado <span class=\"_ _0\"></span>vacante un<span class=\"_ _0\"></span> puesto de<span class=\"_ _0\"></span> Consejero. El <span class=\"_ _bf\"></span>desglose <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>las <span class=\"_ _bf\"></span>retribucio<span class=\"_ _0\"></span>nes <span class=\"_ _0\"></span>por <span class=\"_ _bd\"></span>tipolog\u00eda <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>onsejeros <span class=\"_ _bf\"></span>a <span class=\"_ _bf\"></span>31 <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>diciembre <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>2022 <span class=\"_ _bf\"></span>y <span class=\"_ _bf\"></span>2021, <span class=\"_ _bf\"></span>es <span class=\"_ _bf\"></span>el <span class=\"_ _bf\"></span>siguie<span class=\"_ _0\"></span>nte:<span class=\"_ _29d\"> </span>2022<span class=\"_ _29d\"> </span>2021<span class=\"_ _29d\"> </span>Miles de eur<span class=\"_ _1\"></span>os<span class=\"_ _29d\"> </span>Ejecutivos  <span class=\"_ _238\"></span>890<span class=\"_ _29d\"> </span>890<span class=\"_ _29d\"> </span>Externos Dominicales  <span class=\"_ _239\"></span>507<span class=\"_ _29d\"> </span>524<span class=\"_ _29d\"> </span>Externos Independientes  <span class=\"_ _23a\"></span>1.285<span class=\"_ _29d\"> </span>1.285<span class=\"_ _29d\"> </span>Otros Externos <span class=\"_ _23b\"></span>546<span class=\"_ _29d\"> </span>546<span class=\"_ _29d\"> </span>Total Remuneraciones<span class=\"_ _29d\"> </span>3.228<span class=\"_ _29d\"> </span>3.245<span class=\"_ _29d\"> </span>Las <span class=\"_ _c2\"></span>remuneraciones <span class=\"_ _c2\"></span>devengadas <span class=\"_ _c2\"></span>por <span class=\"_ _c5\"></span>los <span class=\"_ _c8\"></span>m<span class=\"_ _1\"></span>iembros <span class=\"_ _c2\"></span>del <span class=\"_ _c2\"></span>Consejo <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>Administraci\u00f3n <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>la <span class=\"_ _c5\"></span>Socie<span class=\"_ _0\"></span>dad <span class=\"_ _c2\"></span>en <span class=\"_ _c5\"></span>los ejercicios 2022 y 202<span class=\"_ _0\"></span>1, individualiz<span class=\"_ _0\"></span>ada por Consejero y por conceptos so<span class=\"_ _0\"></span>n las siguientes: Presidente  Consejero Retribu-<span class=\"_ _29d\"> </span>Dietas por Otras Retribu-<span class=\"_ _29d\"> </span>Dedicaci\u00f3n a de Independiente ci\u00f3n varia-<span class=\"_ _29d\"> </span>Asistencia retribuciones Total 2022 <span class=\"_ _1c6\"> </span>Total 2021 ci\u00f3n fija comisiones Comisi\u00f3n Coordinador (5) ble  al Consejo Consejo CIC Miles de euros<span class=\"_ _29d\"> </span>530<span class=\"_ _1c7\"> </span>-<span class=\"_ _57\"> </span>16<span class=\"_ _14\"> </span>-<span class=\"_ _22\"> </span>-<span class=\"_ _1c8\"> </span>-<span class=\"_ _4a\"> </span>-<span class=\"_ _2d\"> </span>546<span class=\"_ _2d\"> </span>546<span class=\"_ _29d\"> </span>D\u00f1a. Beatriz C<span class=\"_ _1\"></span>orredor Sierra<span class=\"_ _29d\"> </span>481<span class=\"_ _62\"> </span>263<span class=\"_ _57\"> </span>16<span class=\"_ _4a\"> </span>-<span class=\"_ _22\"> </span>-<span class=\"_ _1c8\"> </span>-<span class=\"_ _ee\"> </span>130<span class=\"_ _2d\"> </span>890<span class=\"_ _2d\"> </span>890<span class=\"_ _29d\"> </span>D. Roberto Ga<span class=\"_ _1\"></span>rc\u00eda Merino (1)<span class=\"_ _29d\"> </span>131<span class=\"_ _1c7\"> </span>-<span class=\"_ _57\"> </span>16<span class=\"_ _90\"> </span>28<span class=\"_ _22\"> </span>-<span class=\"_ _1c8\"> </span>-<span class=\"_ _4a\"> </span>-<span class=\"_ _2d\"> </span>175<span class=\"_ _2d\"> </span>175<span class=\"_ _29d\"> </span>D\u00f1a. Mercedes Re<span class=\"_ _1\"></span>al Rodrig\u00e1lvar<span class=\"_ _1\"></span>ez<span class=\"_ _29d\"> </span>131<span class=\"_ _1c7\"> </span>-<span class=\"_ _57\"> </span>16<span class=\"_ _90\"> </span>28<span class=\"_ _22\"> </span>-<span class=\"_ _1c8\"> </span>-<span class=\"_ _4a\"> </span>-<span class=\"_ _2d\"> </span>175<span class=\"_ _2d\"> </span>174<span class=\"_ _29d\"> </span>D. Ricardo Garc\u00ed<span class=\"_ _1\"></span>a Herrera<span class=\"_ _1\"></span> (<span class=\"_ _29d\"> </span>D\u00f1a. Esther Mar\u00eda<span class=\"_ _1\"></span> Rituerto <span class=\"_ _1\"></span>Mart\u00ednez 2)<span class=\"_ _29d\"> </span>86<span class=\"_ _1c7\"> </span>-<span class=\"_ _57\"> </span>11<span class=\"_ _90\"> </span>16<span class=\"_ _22\"> </span>-<span class=\"_ _1c8\"> </span>-<span class=\"_ _4a\"> </span>-<span class=\"_ _2d\"> </span>113<span class=\"_ _67\"> </span>-<span class=\"_ _29d\"> </span>131<span class=\"_ _1c7\"> </span>-<span class=\"_ _57\"> </span>16<span class=\"_ _90\"> </span>28<span class=\"_ _1c9\"> </span>15<span class=\"_ _42\"> </span>15<span class=\"_ _4a\"> </span>-<span class=\"_ _2d\"> </span>205<span class=\"_ _2d\"> </span>205<span class=\"_ _29d\"> </span>D\u00f1a. Carmen <span class=\"_ _1\"></span>G\u00f3mez de Bar<span class=\"_ _1\"></span>reda Tous de Mo<span class=\"_ _1\"></span>nsalve 131<span class=\"_ _1c7\"> </span>-<span class=\"_ _57\"> </span>16<span class=\"_ _90\"> </span>28<span class=\"_ _1c9\"> </span>15<span class=\"_ _1c8\"> </span>-<span class=\"_ _4a\"> </span>-<span class=\"_ _2d\"> </span>190<span class=\"_ _2d\"> </span>190<span class=\"_ _29d\"> </span>D\u00f1a. Socorro <span class=\"_ _1\"></span>Fern\u00e1ndez Larre<span class=\"_ _1\"></span>a<span class=\"_ _29d\"> </span>131<span class=\"_ _1c7\"> </span>-<span class=\"_ _57\"> </span>16<span class=\"_ _90\"> </span>28<span class=\"_ _1c9\"> </span>15<span class=\"_ _1c8\"> </span>-<span class=\"_ _4a\"> </span>-<span class=\"_ _2d\"> </span>190<span class=\"_ _2d\"> </span>176<span class=\"_ _29d\"> </span>D. Antonio G\u00f3me<span class=\"_ _1\"></span>z Ciria<span class=\"_ _29d\"> </span>131<span class=\"_ _1c7\"> </span>-<span class=\"_ _57\"> </span>16<span class=\"_ _90\"> </span>28<span class=\"_ _22\"> </span>-<span class=\"_ _1c8\"> </span>-<span class=\"_ _4a\"> </span>-<span class=\"_ _2d\"> </span>175<span class=\"_ _2d\"> </span>189<span class=\"_ _29d\"> </span>D. Jos\u00e9 Juan Ruiz<span class=\"_ _1\"></span> G\u00f3mez<span class=\"_ _29d\"> </span>131<span class=\"_ _1c7\"> </span>-<span class=\"_ _57\"> </span>16<span class=\"_ _90\"> </span>28<span class=\"_ _22\"> </span>-<span class=\"_ _1c8\"> </span>-<span class=\"_ _4a\"> </span>-<span class=\"_ _2d\"> </span>175<span class=\"_ _57\"> </span>89<span class=\"_ _29d\"> </span>D. Marcos Va<span class=\"_ _1\"></span>quer Caballer\u00eda<span class=\"_ _1\"></span> 131<span class=\"_ _1c7\"> </span>-<span class=\"_ _57\"> </span>16<span class=\"_ _90\"> </span>28<span class=\"_ _22\"> </span>-<span class=\"_ _1c8\"> </span>-<span class=\"_ _4a\"> </span>-<span class=\"_ _2d\"> </span>175<span class=\"_ _57\"> </span>89<span class=\"_ _29d\"> </span>D\u00f1a. Elisenda Mal<span class=\"_ _1\"></span>aret Garc\u00eda<span class=\"_ _29d\"> </span>131<span class=\"_ _1c7\"> </span>-<span class=\"_ _57\"> </span>16<span class=\"_ _90\"> </span>28<span class=\"_ _22\"> </span>-<span class=\"_ _1c8\"> </span>-<span class=\"_ _4a\"> </span>-<span class=\"_ _2d\"> </span>175<span class=\"_ _57\"> </span>89<span class=\"_ _29d\"> </span>D. Jos\u00e9 Mar\u00eda A<span class=\"_ _1\"></span>bad Hern\u00e1n<span class=\"_ _1\"></span>dez<span class=\"_ _29d\"> </span>(<span class=\"_ _29d\"> </span>D\u00f1a. Mar\u00eda Ter<span class=\"_ _1\"></span>esa Costa Cam<span class=\"_ _1\"></span>pi 3)<span class=\"_ _29d\"> </span>32<span class=\"_ _1c7\"> </span>-<span class=\"_ _5\"> </span>5<span class=\"_ _8\"> </span>7<span class=\"_ _22\"> </span>-<span class=\"_ _1c8\"> </span>-<span class=\"_ _4a\"> </span>-<span class=\"_ _57\"> </span>44<span class=\"_ _2d\"> </span>175 (4)<span class=\"_ _29d\"> </span>-<span class=\"_ _4e\"> </span>-<span class=\"_ _67\"> </span>-<span class=\"_ _4a\"> </span>-<span class=\"_ _22\"> </span>-<span class=\"_ _1c8\"> </span>-<span class=\"_ _14\"> </span>-<span class=\"_ _22\"> </span>-<span class=\"_ _2d\"> </span>258<span class=\"_ _29d\"> </span>Otros miembros <span class=\"_ _1\"></span>del Consejo<span class=\"_ _29d\"> </span>2.308<span class=\"_ _f0\"> </span>26<span class=\"_ _0\"></span>3<span class=\"_ _2d\"> </span>192<span class=\"_ _ee\"> </span>275<span class=\"_ _57\"> </span>45<span class=\"_ _42\"> </span>15<span class=\"_ _a\"> </span>130<span class=\"_ _5b\"> </span>3.2<span class=\"_ _1\"></span>28<span class=\"_ _5b\"> </span>3.245<span class=\"_ _29d\"> </span>Total Remun<span class=\"_ _1\"></span>eraciones dev<span class=\"_ _1\"></span>engadas (1)<span class=\"_ _29d\"> </span>Cantidades percibidas<span class=\"_ _1\"></span> por la Socied<span class=\"_ _1\"></span>ad Estatal d<span class=\"_ _1\"></span>e Participaciones<span class=\"_ _1\"></span> Industriales (SEP<span class=\"_ _1\"></span>I).<span class=\"_ _29d\"> </span>(2)<span class=\"_ _29d\"> </span>Nueva Consejera des<span class=\"_ _1\"></span>de la celebraci<span class=\"_ _1\"></span>\u00f3n del Consejo de<span class=\"_ _1\"></span> Administraci<span class=\"_ _1\"></span>\u00f3n de 5<span class=\"_ _29d\"> </span>de mayo de <span class=\"_ _1\"></span>2022.<span class=\"_ _29d\"> </span>(3)<span class=\"_ _29d\"> </span>Causa baja como Cons<span class=\"_ _1\"></span>ejera tras<span class=\"_ _29d\"> </span>la celebraci<span class=\"_ _1\"></span>\u00f3n del Consej<span class=\"_ _1\"></span>o de Administ<span class=\"_ _1\"></span>r<span class=\"_ _29d\"> </span>aci\u00f3n de 29 de ma<span class=\"_ _1\"></span>rzo de 2<span class=\"_ _1\"></span>022.<span class=\"_ _29d\"> </span>(4)<span class=\"_ _29d\"> </span>Miembros del Consejo<span class=\"_ _1\"></span> que causaron<span class=\"_ _1\"></span> baja durante el eje<span class=\"_ _1\"></span>rcicio 2021.<span class=\"_ _29d\"> </span>(5)<span class=\"_ _29d\"> </span>Incluyeloscostes deriv<span class=\"_ _1\"></span>ados de los b<span class=\"_ _1\"></span>eneficios soci<span class=\"_ _1\"></span>ales que tiene el C<span class=\"_ _1\"></span>onsejero D<span class=\"_ _29d\"> </span>elegado incluid<span class=\"_ _1\"></span>os en su retrib<span class=\"_ _1\"></span>uci\u00f3n.<span class=\"_ _29d\"> </span>A <span class=\"_ _1\"></span>31 <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>diciembre de <span class=\"_ _c4\"></span>2022 <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>2021, <span class=\"_ _1\"></span>no <span class=\"_ _1\"></span>existen<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>el <span class=\"_ _c4\"></span>Estado de <span class=\"_ _1\"></span>situaci\u00f3n <span class=\"_ _1\"></span>financiera <span class=\"_ _1\"></span>consoli<span class=\"_ _0\"></span>dado, <span class=\"_ _1\"></span>cr\u00e9ditos, <span class=\"_ _1\"></span>ni anticipos concedidos, <span class=\"_ _1\"></span>ni garant\u00edas <span class=\"_ _1\"></span>constituidas<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>por <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>Sociedad a <span class=\"_ _1\"></span>favor de <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>miembros del <span class=\"_ _1\"></span>Consejo de <span class=\"_ _1\"></span>Ad-<span class=\"_ _29d\"> </span>ministraci\u00f3n. <span class=\"_ _1\"></span>Tampoco <span class=\"_ _1\"></span>existen <span class=\"_ _c4\"></span>a <span class=\"_ _c4\"></span>dichas <span class=\"_ _1\"></span>fechas <span class=\"_ _1\"></span>obligaciones <span class=\"_ _1\"></span>contra\u00eddas <span class=\"_ _c4\"></span>en <span class=\"_ _1\"></span>materia <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>pensiones <span class=\"_ _1\"></span>y <span class=\"_ _c4\"></span>seguros de <span class=\"_ _1\"></span>vida, <span class=\"_ _1\"></span>diferentes <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>las mencionadas, <span class=\"_ _1\"></span>ni <span class=\"_ _1\"></span>pr\u00e9stamos<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>o ant<span class=\"_ _1\"></span>icipos<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>concedido<span class=\"_ _0\"></span>s <span class=\"_ _c4\"></span>a <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>miembros<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>del Consejo <span class=\"_ _1\"></span>de Administraci\u00f3n. A 31 de diciemb<span class=\"_ _0\"></span>re de 2022 y 2021 el<span class=\"_ _0\"></span> Grupo tiene contratad<span class=\"_ _0\"></span>as p\u00f3lizas de s<span class=\"_ _0\"></span>eguro de responsabili<span class=\"_ _0\"></span>dad civil que cubren recla<span class=\"_ _0\"></span>maciones <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>erceros <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>posibles <span class=\"_ _0\"></span>da\u00f1os y/o <span class=\"_ _0\"></span>perjuicios o<span class=\"_ _0\"></span>casionados <span class=\"_ _0\"></span>por ac<span class=\"_ _0\"></span>tos u o<span class=\"_ _0\"></span>misiones e<span class=\"_ _0\"></span>n el<span class=\"_ _0\"></span> ejercicio <span class=\"_ _1\"></span>del <span class=\"_ _c4\"></span>cargo <span class=\"_ _c4\"></span>como<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>Administradores <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>sociedade<span class=\"_ _0\"></span>s <span class=\"_ _c4\"></span>del <span class=\"_ _c4\"></span>Grupo. <span class=\"_ _1\"></span>Est<span class=\"_ _1\"></span>as <span class=\"_ _1\"></span>p\u00f3lizas <span class=\"_ _1\"></span>cubren <span class=\"_ _c4\"></span>tanto <span class=\"_ _c4\"></span>a <span class=\"_ _c4\"></span>los <span class=\"_ _1\"></span>Admi-<span class=\"_ _29d\"> </span>nistradores <span class=\"_ _0\"></span>como a <span class=\"_ _0\"></span>los Di<span class=\"_ _0\"></span>rect<span class=\"_ _1\"></span>ivos<span class=\"_ _0\"></span> de socied<span class=\"_ _0\"></span>ades <span class=\"_ _0\"></span>del Grupo. E<span class=\"_ _0\"></span>l coste <span class=\"_ _0\"></span>anual en <span class=\"_ _0\"></span>2022 de <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>primas a<span class=\"_ _0\"></span>sciende a 583 <span class=\"_ _c4\"></span>miles <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>euros <span class=\"_ _c8\"></span>incluidos <span class=\"_ _1\"></span>los <span class=\"_ _c8\"></span>impuestos <span class=\"_ _c4\"></span>(519 <span class=\"_ _c4\"></span>miles <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>euros <span class=\"_ _c8\"></span>a <span class=\"_ _c4\"></span>31 <span class=\"_ _c8\"></span>de <span class=\"_ _1\"></span>diciembre <span class=\"_ _c8\"></span>de <span class=\"_ _c4\"></span>2021). <span class=\"_ _c4\"></span>Estas <span class=\"_ _c4\"></span>primas<span class=\"_ _0\"></span> son <span class=\"_ _bf\"></span>calculadas <span class=\"_ _bf\"></span>en <span class=\"_ _0\"></span>base<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>a <span class=\"_ _bf\"></span>la <span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>turaleza <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>la <span class=\"_ _0\"></span>activi<span class=\"_ _0\"></span>dad <span class=\"_ _0\"></span>del <span class=\"_ _bf\"></span>Grupo <span class=\"_ _bf\"></span>y <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>sus <span class=\"_ _bf\"></span>magnitudes <span class=\"_ _bf\"></span>econ\u00f3mico\u2013fin<span class=\"_ _0\"></span>ancieras, con lo que no es factib<span class=\"_ _0\"></span>le su diferenciaci\u00f3n ent<span class=\"_ _0\"></span>re Administradores y Direc<span class=\"_ _0\"></span>tivos, ni su individualizaci\u00f3<span class=\"_ _0\"></span>n. Durante <span class=\"_ _c2\"></span>los <span class=\"_ _c2\"></span>ejercicios <span class=\"_ _c2\"></span>2022 <span class=\"_ _c2\"></span>y <span class=\"_ _c5\"></span>2021<span class=\"_ _0\"></span>, <span class=\"_ _c5\"></span>los <span class=\"_ _c8\"></span>miembros <span class=\"_ _c5\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>Consejo<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>de <span class=\"_ _c2\"></span>Administraci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _c2\"></span>no <span class=\"_ _c5\"></span>han <span class=\"_ _c8\"></span>realizado <span class=\"_ _c2\"></span>con <span class=\"_ _c5\"></span>la<span class=\"_ _0\"></span> Sociedad <span class=\"_ _c4\"></span>o <span class=\"_ _c8\"></span>con <span class=\"_ _c2\"></span>sociedades <span class=\"_ _c4\"></span>del <span class=\"_ _c8\"></span>Grupo, <span class=\"_ _c2\"></span>ni <span class=\"_ _c8\"></span>directamente <span class=\"_ _c4\"></span>ni <span class=\"_ _c2\"></span>a <span class=\"_ _c4\"></span>trav\u00e9s <span class=\"_ _c2\"></span>de <span class=\"_ _c4\"></span>personas <span class=\"_ _c8\"></span>que <span class=\"_ _c8\"></span>act\u00faen <span class=\"_ _c8\"></span>por <span class=\"_ _c8\"></span>cuenta <span class=\"_ _c8\"></span>de ellos, <span class=\"_ _c5\"></span>operacio<span class=\"_ _0\"></span>nes <span class=\"_ _c5\"> </span>que <span class=\"_ _c5\"></span>sean <span class=\"_ _c5\"></span>ajenas<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>al <span class=\"_ _c5\"></span>tr\u00e1fico <span class=\"_ _c5\"></span>ordinari<span class=\"_ _0\"></span>o <span class=\"_ _c5\"> </span>o <span class=\"_ _c5\"> </span>que <span class=\"_ _c5\"></span>no <span class=\"_ _c5\"></span>se <span class=\"_ _c5\"></span>real<span class=\"_ _0\"></span>icen <span class=\"_ _c5\"> </span>en <span class=\"_ _c5\"></span>condiciones<span class=\"_ _0\"></span> <span class=\"_ _c5\"> </span>normales <span class=\"_ _c5\"></span>de mercado. 27<span class=\"ff3\"> <span class=\"_ _bf\"></span><span class=\"ff7\">Retri<span class=\"_ _1\"></span>buciones <span class=\"_ _1\"></span>a Directivos </span></span>Los Directivos<span class=\"_ _0\"></span> de primer nive<span class=\"_ _0\"></span>l que durante 202<span class=\"_ _0\"></span>2 y 2021 han<span class=\"_ _0\"></span> prestado sus<span class=\"_ _0\"></span> servicios en el<span class=\"_ _0\"></span> Grupo, y los cargo<span class=\"_ _0\"></span>s que ostentan al cierre<span class=\"_ _0\"></span> del ejercicio 2022, son los<span class=\"_ _0\"></span> que se detallan a con<span class=\"_ _0\"></span>tinuaci\u00f3n:  Cargo Nombre (1)<span class=\"_ _29d\"> </span>D\u00f1a. Concepci\u00f3<span class=\"_ _1\"></span>n S\u00e1nchez P\u00e9<span class=\"_ _1\"></span>rez  <span class=\"_ _1ca\"> </span>Directora G<span class=\"_ _1\"></span>eneral de Oper<span class=\"_ _1\"></span>aci\u00f3n D. Angel Mahou<span class=\"_ _1\"></span> Fern\u00e1ndez <span class=\"_ _8c\"> </span>Director General <span class=\"_ _1\"></span>de Transporte (2)<span class=\"_ _29d\"> </span>D. Juan Majad<span class=\"_ _1\"></span>a Tortosa  <span class=\"_ _1cb\"> </span>Director Gene<span class=\"_ _1\"></span>ral de Negocio<span class=\"_ _1\"></span> Internacional<span class=\"_ _1\"></span> D. Mariano Apa<span class=\"_ _1\"></span>ricio Bueno <span class=\"_ _172\"> </span>Director General <span class=\"_ _1\"></span>de Negocio de T<span class=\"_ _1\"></span>elecomunicaci<span class=\"_ _1\"></span>ones D. Emilio Ce<span class=\"_ _1\"></span>rezo Diez <span class=\"_ _1cc\"> </span>Director Corpo<span class=\"_ _1\"></span>rativo Econ\u00f3m<span class=\"_ _1\"></span>ico Financiero<span class=\"_ _1\"></span> D. Jos\u00e9 Antoni<span class=\"_ _1\"></span>o Vernia Pe<span class=\"_ _1\"></span>ris <span class=\"_ _a2\"> </span>Direct<span class=\"_ _1\"></span>or Corporativo <span class=\"_ _1\"></span>de Transform<span class=\"_ _1\"></span>aci\u00f3n y Recursos<span class=\"_ _1\"></span> D\u00f1a. Miryam Ag<span class=\"_ _1\"></span>uilar Mu\u00f1oz<span class=\"_ _1\"></span> <span class=\"_ _f5\"> </span>Directora Corporativa d<span class=\"_ _1\"></span>e Relaciones<span class=\"_ _1\"></span> Institucionales, C<span class=\"_ _1\"></span>omunicaci\u00f3n y<span class=\"_ _1\"></span> Territorio<span class=\"_ _1\"></span> (2) y (3)<span class=\"_ _29d\"> </span>D\u00f1a. Eva Pag\u00e1<span class=\"_ _1\"></span>n D\u00edaz  <span class=\"_ _f6\"> </span>Directora Corporativa de S<span class=\"_ _1\"></span>ostenibilidad<span class=\"_ _1\"></span> y Estudios D\u00f1a. Laura d<span class=\"_ _1\"></span>e Rivera Garc\u00eda d<span class=\"_ _1\"></span>e Le\u00e1niz <span class=\"_ _138\"> </span>Directora de R<span class=\"_ _1\"></span>egulaci\u00f3n y Servi<span class=\"_ _1\"></span>cios Jur\u00eddicos<span class=\"_ _1\"></span> D\u00f1a. Silvia Brun<span class=\"_ _1\"></span>o de la Cr<span class=\"_ _1\"></span>uz <span class=\"_ _1cd\"> </span>Directora de I<span class=\"_ _1\"></span>nnovaci\u00f3n y Tecn<span class=\"_ _1\"></span>olog\u00eda D. Carlos Puente P<span class=\"_ _1\"></span>\u00e9rez <span class=\"_ _14c\"> </span>Director de<span class=\"_ _1\"></span> Desarrollo Cor<span class=\"_ _1\"></span>porativo D\u00f1a. Eva Rodici<span class=\"_ _1\"></span>o Gonz\u00e1lez <span class=\"_ _8c\"> </span>Directora de Audito<span class=\"_ _1\"></span>r\u00eda Interna <span class=\"_ _1\"></span>y Control de Riesg<span class=\"_ _1\"></span>o (1) Desde el 29 de junio <span class=\"_ _1\"></span>de 2022, D\u00f1a<span class=\"_ _1\"></span>. Concepci\u00f3n S<span class=\"_ _1\"></span>\u00e1nchez P\u00e9rez <span class=\"_ _1\"></span>ha pasado<span class=\"_ _1\"></span> a desempe\u00f1ar <span class=\"_ _1\"></span>el cargo de Di<span class=\"_ _1\"></span>rectora General de <span class=\"_ _1\"></span>Operaci\u00f3n, s<span class=\"_ _1\"></span>ustituyendo e<span class=\"_ _1\"></span>n el mismo a D. Miguel Duvis<span class=\"_ _1\"></span>\u00f3n Garc\u00eda.<span class=\"_ _29d\"> </span>(2) Desde el 1 de diciemb<span class=\"_ _1\"></span>re de 2022, D.<span class=\"_ _1\"></span> Juan Majada T<span class=\"_ _1\"></span>ortosa ha<span class=\"_ _1\"></span> pasado a des<span class=\"_ _1\"></span>empe\u00f1ar el car<span class=\"_ _1\"></span>go de Directo<span class=\"_ _1\"></span>r General de Neg<span class=\"_ _1\"></span>ocio Internacional<span class=\"_ _1\"></span>, sustituyen<span class=\"_ _1\"></span>do en el mismo a D\u00f1a. Ev<span class=\"_ _1\"></span>a Pag\u00e1n D\u00edaz.<span class=\"_ _29d\"> </span>(3) Desde el 1 de diciemb<span class=\"_ _1\"></span>re de 2022, D<span class=\"_ _1\"></span>\u00f1a. Eva Pag\u00e1<span class=\"_ _1\"></span>n D\u00edaz ha pas<span class=\"_ _1\"></span>ado a dese<span class=\"_ _1\"></span>mpe\u00f1ar el cargo d<span class=\"_ _1\"></span>e Directora C<span class=\"_ _1\"></span>orporativa d<span class=\"_ _1\"></span>e Sostenibilid<span class=\"_ _1\"></span>ad y Estudio<span class=\"_ _1\"></span>s, sustituyen<span class=\"_ _1\"></span>do en el mismo a D\u00f1a. <span class=\"_ _1\"></span>F\u00e1tima Rojas Cim<span class=\"_ _1\"></span>adevila.<span class=\"_ _1\"></span> Durante <span class=\"_ _c2\"></span>el <span class=\"_ _c2\"></span>ejercicio <span class=\"_ _c2\"></span>2022, <span class=\"_ _c5\"></span>la<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>retribuci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _c2\"></span>total <span class=\"_ _c5\"></span>de<span class=\"_ _0\"></span>vengada <span class=\"_ _c5\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>los<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>Directivos <span class=\"_ _c8\"></span>de <span class=\"_ _c5\"></span>primer <span class=\"_ _c8\"></span>nivel <span class=\"_ _c5\"></span>ha <span class=\"_ _c8\"></span>ascendido <span class=\"_ _c2\"></span>a 3.174 miles de<span class=\"_ _0\"></span> euros y figura registrada<span class=\"_ _0\"></span> como Gastos<span class=\"_ _0\"></span> de <span class=\"_ _1\"></span>personal en<span class=\"_ _0\"></span> la Cuenta de Resulta<span class=\"_ _0\"></span>dos Consolid<span class=\"_ _0\"></span>ada. En <span class=\"_ _c4\"></span>2021 <span class=\"_ _c8\"></span>la <span class=\"_ _c4\"></span>retribuci\u00f3n <span class=\"_ _c4\"></span>total <span class=\"_ _c4\"></span>devengada <span class=\"_ _c4\"></span>por <span class=\"_ _c8\"></span>los <span class=\"_ _c4\"></span>Directivos <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>pr<span class=\"_ _1\"></span>imer <span class=\"_ _c4\"></span>nivel <span class=\"_ _1\"></span>ascendi\u00f3 <span class=\"_ _c8\"></span>a <span class=\"_ _c4\"></span>3.103 <span class=\"_ _c8\"></span>miles <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>euros. Estas <span class=\"_ _c4\"></span>cantidades <span class=\"_ _c4\"></span>incluyen <span class=\"_ _c4\"></span>el <span class=\"_ _c4\"></span>devengo <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>la <span class=\"_ _c8\"></span>retribuci\u00f3n <span class=\"_ _c4\"></span>variable <span class=\"_ _c4\"></span>anual <span class=\"_ _c4\"></span>considerando <span class=\"_ _c4\"></span>el <span class=\"_ _c4\"></span>cumplimiento <span class=\"_ _1\"></span>de <span class=\"_ _c8\"></span>los objetivos <span class=\"_ _c4\"></span>fijados <span class=\"_ _c4\"></span>para<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>cada <span class=\"_ _1\"></span>ej<span class=\"_ _1\"></span>ercicio<span class=\"_ _0\"></span>. <span class=\"_ _c8\"></span>Una <span class=\"_ _c4\"></span>vez <span class=\"_ _c4\"></span>valo<span class=\"_ _0\"></span>rados <span class=\"_ _c8\"></span>los <span class=\"_ _1\"></span>cumplimientos <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>los <span class=\"_ _c4\"></span>citados <span class=\"_ _1\"></span>objetivos, <span class=\"_ _c4\"></span>se <span class=\"_ _c4\"></span>pro-<span class=\"_ _29d\"> </span>cede <span class=\"_ _c4\"></span>a <span class=\"_ _c8\"></span>hacer <span class=\"_ _c4\"></span>efectiva <span class=\"_ _c8\"></span>dicha <span class=\"_ _c4\"></span>retribuci\u00f3n <span class=\"_ _c4\"></span>variable <span class=\"_ _1\"></span>en <span class=\"_ _c8\"></span>los <span class=\"_ _c8\"></span>primeros <span class=\"_ _c4\"></span>meses <span class=\"_ _c4\"></span>del <span class=\"_ _c4\"></span>ejercicio <span class=\"_ _c4\"></span>siguiente, <span class=\"_ _c8\"></span>ajust\u00e1ndose<span class=\"_ _0\"></span> esta retribuci\u00f3n al cu<span class=\"_ _0\"></span>mplimiento real.  De <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>retribuci\u00f3n <span class=\"_ _1\"></span>total <span class=\"_ _1\"></span>devengada <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>estos <span class=\"_ _1\"></span>Directivos <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>2022, <span class=\"_ _1\"></span>corresponden a <span class=\"_ _c4\"></span>aportaciones <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>seguros <span class=\"_ _1\"></span>de vida y de planes de<span class=\"_ _0\"></span> pensiones 13 miles de eu<span class=\"_ _0\"></span>ros (38 miles de euros en 20<span class=\"_ _0\"></span>21).  A <span class=\"_ _1\"></span>31 de <span class=\"_ _1\"></span>diciemb<span class=\"_ _0\"></span>re <span class=\"_ _1\"></span>de 2022 <span class=\"_ _1\"></span>y 2021 <span class=\"_ _1\"></span>no existen anticipos <span class=\"_ _1\"></span>ni pr\u00e9stamos <span class=\"_ _1\"></span>conc<span class=\"_ _0\"></span>edidos <span class=\"_ _1\"></span>a estos <span class=\"_ _1\"></span>direc<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>ivos<span class=\"_ _0\"></span>. <span class=\"_ _1\"></span>A cierr<span class=\"_ _1\"></span>e de <span class=\"_ _c2\"></span>2022 <span class=\"_ _c5\"></span>y <span class=\"_ _c5\"></span>2021 <span class=\"_ _c2\"></span>el <span class=\"_ _c2\"></span>Grupo <span class=\"_ _c5\"></span>tiene <span class=\"_ _c2\"></span>compromisos <span class=\"_ _c2\"></span>articulado<span class=\"_ _0\"></span>s <span class=\"_ _c5\"> </span>mediante <span class=\"_ _c5\"></span>segur<span class=\"_ _0\"></span>os <span class=\"_ _c5\"></span>de <span class=\"_ _c2\"></span>vida <span class=\"_ _c5\"></span>con <span class=\"_ _c2\"></span>los <span class=\"_ _c2\"></span>m<span class=\"_ _1\"></span>encio<span class=\"_ _0\"></span>nados directivos, <span class=\"_ _c4\"></span>el <span class=\"_ _c4\"></span>coste <span class=\"_ _1\"></span>anual <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>las <span class=\"_ _c4\"></span>primas<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>dichos<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>seguros<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>asciende <span class=\"_ _c4\"></span>aproximadamen<span class=\"_ _0\"></span>te <span class=\"_ _c8\"></span>a <span class=\"_ _c4\"></span>23 <span class=\"_ _1\"></span>miles <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>euros<span class=\"_ _0\"></span> (19 miles de euros en 2<span class=\"_ _0\"></span>021)  Los <span class=\"_ _c8\"></span>Directivos <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>primer <span class=\"_ _c4\"></span>nivel <span class=\"_ _c8\"></span>participan <span class=\"_ _c8\"></span>en <span class=\"_ _c2\"></span>el <span class=\"_ _c8\"></span>Plan<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>Incentivo <span class=\"_ _c8\"></span>a <span class=\"_ _c8\"></span>Largo <span class=\"_ _c4\"></span>Plazo <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>Impulso <span class=\"_ _c4\"></span>a <span class=\"_ _c2\"></span>la <span class=\"_ _c8\"></span>Transici\u00f3n<span class=\"_ _0\"></span> Energ\u00e9tica, Reducci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>de la Brecha Digital y <span class=\"_ _1\"></span>Div<span class=\"_ _0\"></span>ersificaci\u00f3n. Los objetivos de dicho Plan <span class=\"_ _1\"></span>est\u00e1n vin<span class=\"_ _0\"></span>culados a los <span class=\"_ _1\"></span>contemplados<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>en <span class=\"_ _1\"></span>el Plan <span class=\"_ _c4\"></span>Estrat\u00e9gico <span class=\"_ _1\"></span>del Grupo <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>aj<span class=\"_ _1\"></span>ustan<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>a <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>l\u00edneas m<span class=\"_ _1\"></span>arcadas <span class=\"_ _1\"></span>en la <span class=\"_ _c4\"></span>Pol\u00edtica<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>Re-<span class=\"_ _29d\"> </span>muneraciones de los Consejeros. Este <span class=\"_ _1\"></span>Plan de Incentivo a <span class=\"_ _1\"></span>Largo Plazo tiene una <span class=\"_ _1\"></span>duraci\u00f3n de 6 <span class=\"_ _1\"></span>a\u00f1os y fina-<span class=\"_ _29d\"> </span>lizar\u00e1 el 31 de dici<span class=\"_ _0\"></span>embre de 2025.  Cabe <span class=\"_ _bf\"></span>destacar <span class=\"_ _bf\"></span>t<span class=\"_ _1\"></span>ambi\u00e9n<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>que, <span class=\"_ _bf\"></span>con <span class=\"_ _0\"></span>el <span class=\"_ _bf\"></span>fin <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>reforzar <span class=\"_ _bf\"></span>el <span class=\"_ _bf\"></span>compromiso <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>indepe<span class=\"_ _0\"></span>ndencia <span class=\"_ _bf\"></span>del <span class=\"_ _0\"></span>Operad<span class=\"_ _0\"></span>or <span class=\"_ _0\"></span>del <span class=\"_ _bf\"></span>Sistema, se <span class=\"_ _c4\"></span>han <span class=\"_ _c4\"></span>establecido <span class=\"_ _1\"></span>unos <span class=\"_ _c4\"></span>objetivos <span class=\"_ _1\"></span>espec\u00edficos<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>para <span class=\"_ _c4\"></span>la <span class=\"_ _1\"></span>Direcci\u00f3n <span class=\"_ _1\"></span>General <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>O<span class=\"_ _1\"></span>peraci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>Red <span class=\"_ _c4\"></span>El\u00e9ctrica <span class=\"_ _c4\"></span>de Espa\u00f1a, S.<span class=\"_ _1\"></span>A.U., <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>exc<span class=\"_ _0\"></span>luyen <span class=\"_ _1\"></span>aquellos aspectos que <span class=\"_ _c4\"></span>no <span class=\"_ _1\"></span>guardan relaci\u00f3n <span class=\"_ _1\"></span>con la <span class=\"_ _1\"></span>actividad <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>Operador <span class=\"_ _1\"></span>del Sistema el\u00e9ctrico. <span class=\"_ _0\"></span> No existen <span class=\"_ _1\"></span>cl\u00e1usulas <span class=\"_ _1\"></span>de garant\u00eda <span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>blindaje, <span class=\"_ _1\"></span>para casos <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>despido <span class=\"_ _1\"></span>a f<span class=\"_ _1\"></span>avor de <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>Directivos de <span class=\"_ _1\"></span>primer <span class=\"_ _1\"></span>nivel que <span class=\"_ _1\"></span>actualmente <span class=\"_ _c4\"></span>prestan <span class=\"_ _1\"></span>sus <span class=\"_ _1\"></span>servicios <span class=\"_ _1\"></span>en <span class=\"_ _c4\"></span>el <span class=\"_ _1\"></span>Grupo. <span class=\"_ _1\"></span>En <span class=\"_ _c4\"></span>caso <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>extinci\u00f3n de <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>relaci\u00f3n <span class=\"_ _1\"></span>laboral, <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>indemni-<span class=\"_ _29d\"> </span>zaci\u00f3n que<span class=\"_ _0\"></span> les <span class=\"_ _0\"></span>corresponder\u00eda<span class=\"_ _0\"></span> a dichos<span class=\"_ _0\"></span> Directivos <span class=\"_ _0\"></span>ser\u00eda calcula<span class=\"_ _0\"></span>da conform<span class=\"_ _0\"></span>e a la <span class=\"_ _0\"></span>normativa <span class=\"_ _0\"></span>laboral a<span class=\"_ _0\"></span>plicable.  El <span class=\"_ _1\"></span>Grupo <span class=\"_ _1\"></span>puso <span class=\"_ _c4\"></span>en <span class=\"_ _1\"></span>marcha <span class=\"_ _c4\"></span>en <span class=\"_ _1\"></span>2015 <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>Plan <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>Gesti\u00f3n <span class=\"_ _c4\"></span>Estructu<span class=\"_ _0\"></span>ral <span class=\"_ _c4\"></span>que <span class=\"_ _1\"></span>resulta <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>aplicaci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>a <span class=\"_ _1\"></span>una <span class=\"_ _1\"></span>parte <span class=\"_ _c4\"></span>de los Directivos de <span class=\"_ _1\"></span>primer nivel. La participaci\u00f3n en el Plan <span class=\"_ _1\"></span>se encuentra sujeta al cumplimiento de <span class=\"_ _1\"></span>determin<span class=\"_ _0\"></span>a-<span class=\"_ _29d\"> </span>das condiciones y<span class=\"_ _0\"></span> podr\u00e1 ser modificado o re<span class=\"_ _0\"></span>vocado por el Grupo en<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>de<span class=\"_ _0\"></span>terminados supuestos. A 31 de diciemb<span class=\"_ _0\"></span>re de 2022 y 2021 el<span class=\"_ _0\"></span> Grupo tiene contratad<span class=\"_ _0\"></span>as p\u00f3lizas de s<span class=\"_ _0\"></span>eguro de responsabili<span class=\"_ _0\"></span>dad civil que cubren recla<span class=\"_ _0\"></span>maciones <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>erceros <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>posibles <span class=\"_ _0\"></span>da\u00f1os y/o <span class=\"_ _0\"></span>perjuicios o<span class=\"_ _0\"></span>casionados <span class=\"_ _0\"></span>por ac<span class=\"_ _0\"></span>tos u o<span class=\"_ _0\"></span>misiones e<span class=\"_ _0\"></span>n el<span class=\"_ _0\"></span> ejercicio <span class=\"_ _0\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>cargo <span class=\"_ _0\"></span>como<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>Directivos <span class=\"_ _bf\"></span>del <span class=\"_ _0\"></span>Grupo. <span class=\"_ _bf\"></span>E<span class=\"_ _1\"></span>stas <span class=\"_ _0\"></span>p\u00f3li<span class=\"_ _0\"></span>zas <span class=\"_ _0\"></span>cubren <span class=\"_ _bf\"></span>tant<span class=\"_ _1\"></span>o <span class=\"_ _bf\"></span>a <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>totali<span class=\"_ _0\"></span>dad <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _bf\"></span>Directivos <span class=\"_ _0\"></span>como<span class=\"_ _0\"></span> a <span class=\"_ _bf\"></span>los <span class=\"_ _bf\"></span>Administradores <span class=\"_ _bf\"></span>del <span class=\"_ _bf\"></span>Grupo, <span class=\"_ _bf\"></span>el <span class=\"_ _bf\"></span>coste <span class=\"_ _0\"></span>anu<span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>en<span class=\"_ _0\"></span> <span class=\"_ _bf\"></span>2022 <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>las <span class=\"_ _bf\"></span>primas <span class=\"_ _bf\"></span>asciende <span class=\"_ _bf\"></span>a <span class=\"_ _bf\"></span>583 <span class=\"_ _bf\"></span>miles <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>euros <span class=\"_ _bf\"></span>incluidos los impuestos (519 miles <span class=\"_ _1\"></span>de euros par<span class=\"_ _1\"></span>a el ejercicio 2021). Estas pr<span class=\"_ _1\"></span>imas son calculadas en base <span class=\"_ _1\"></span>a la <span class=\"_ _1\"></span>natura-<span class=\"_ _29d\"> </span>leza <span class=\"_ _c5\"></span>de <span class=\"_ _c2\"></span>la <span class=\"_ _c5\"></span>actividad <span class=\"_ _c5\"></span>del <span class=\"_ _c2\"></span>Gr<span class=\"_ _1\"></span>upo <span class=\"_ _c2\"></span>y <span class=\"_ _c5\"> </span>de <span class=\"_ _c5\"></span>sus <span class=\"_ _c2\"></span>m<span class=\"_ _1\"></span>agnitudes <span class=\"_ _c2\"></span>econ\u00f3mico\u2013financieras, <span class=\"_ _c2\"></span>con <span class=\"_ _c5\"></span>lo <span class=\"_ _c5\"></span>que <span class=\"_ _c5\"></span>no <span class=\"_ _c2\"></span>es <span class=\"_ _c5\"></span>factible <span class=\"_ _c2\"></span>su diferenciaci\u00f3n entre Dire<span class=\"_ _0\"></span>ctivos y Administradore<span class=\"_ _0\"></span>s, ni su individualizaci\u00f3<span class=\"_ _0\"></span>n.  28<span class=\"ff3\"> <span class=\"_ _bf\"></span><span class=\"ff7\">Informaci\u00f3n por <span class=\"_ _1\"></span>segmentos </span></span>Redeia agrupa <span class=\"_ _1\"></span>sus segmentos <span class=\"_ _1\"></span>atendiendo a la <span class=\"_ _1\"></span>naturaleza de <span class=\"_ _1\"></span>sus <span class=\"_ _1\"></span>actividades de <span class=\"_ _1\"></span>negocio que <span class=\"_ _1\"></span>corresponden<span class=\"_ _0\"></span> a las principales ramas<span class=\"_ _0\"></span> de actividad que el Grupo<span class=\"_ _0\"></span> utiliza en la gesti\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>y toma de<span class=\"_ _0\"></span> decisiones.  A 31 de diciemb<span class=\"_ _0\"></span>re de 2022, Redeia<span class=\"_ _0\"></span> est\u00e1 compuesto por<span class=\"_ _0\"></span> los siguientes segmentos<span class=\"_ _0\"></span> operativos, cuy<span class=\"_ _0\"></span>os produc-<span class=\"_ _29d\"> </span>tos, servicios principa<span class=\"_ _0\"></span>les y operaciones son los<span class=\"_ _0\"></span> siguientes:   <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Gest<span class=\"_ _1\"></span>i\u00f3n y operaci\u00f3<span class=\"_ _0\"></span>n de infraestructuras el\u00e9ctric<span class=\"_ _0\"></span>as (Nacional):  <span class=\"_ _0\"></span> </span></span>Este <span class=\"_ _c4\"></span>segmento <span class=\"_ _c4\"></span>recoge <span class=\"_ _1\"></span>la <span class=\"_ _c8\"></span>actividad <span class=\"_ _c4\"></span>principal <span class=\"_ _1\"></span>de <span class=\"_ _c8\"></span>Redeia, <span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>ediante <span class=\"_ _1\"></span>el <span class=\"_ _c4\"></span>desempe\u00f1o <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>las <span class=\"_ _c4\"></span>funciones <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>trans-<span class=\"_ _29d\"> </span>portista \u00fanico y <span class=\"_ _1\"></span>operador del sistema el\u00e9ctrico espa\u00f1ol (TSO). Su misi\u00f3n consiste <span class=\"_ _1\"></span>en garantizar en t<span class=\"_ _1\"></span>odo mo-<span class=\"_ _29d\"> </span>mento la segurida<span class=\"_ _0\"></span>d y continuida<span class=\"_ _0\"></span>d del suministro el\u00e9<span class=\"_ _0\"></span>ctrico y gestionar el tran<span class=\"_ _0\"></span>sporte de energ<span class=\"_ _0\"></span>\u00eda en alta tensi\u00f3n en Espa\u00f1a.   Redeia a <span class=\"_ _1\"></span>trav\u00e9s <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>su sociedad Red <span class=\"_ _c4\"></span>El\u00e9ctrica transporta <span class=\"_ _1\"></span>la energ\u00eda <span class=\"_ _1\"></span>el\u00e9ctrica <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>alta tensi\u00f3n. <span class=\"_ _1\"></span>Para ello, <span class=\"_ _1\"></span>ges-<span class=\"_ _29d\"> </span>tiona <span class=\"_ _1\"></span>las infraestructuras el\u00e9ctricas que <span class=\"_ _1\"></span>compone<span class=\"_ _0\"></span>n <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>red <span class=\"_ _1\"></span>de transporte que <span class=\"_ _1\"></span>conectan las <span class=\"_ _1\"></span>centrales<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>gene-<span class=\"_ _29d\"> </span>raci\u00f3n con<span class=\"_ _0\"></span> los <span class=\"_ _0\"></span>puntos de<span class=\"_ _0\"></span> distribuci\u00f3<span class=\"_ _0\"></span>n a los<span class=\"_ _0\"></span> consumidores.<span class=\"_ _0\"></span> Como <span class=\"_ _0\"></span>gestor d<span class=\"_ _0\"></span>e la <span class=\"_ _0\"></span>red de t<span class=\"_ _0\"></span>ransporte, Re<span class=\"_ _0\"></span>d El\u00e9ctrica<span class=\"_ _0\"></span> es <span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>esponsable<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>del <span class=\"_ _c8\"></span>desarrollo <span class=\"_ _1\"></span>y <span class=\"_ _c4\"></span>ampliaci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>la <span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ed, <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>realizar <span class=\"_ _1\"></span>su <span class=\"_ _c4\"></span>mantenimie<span class=\"_ _0\"></span>nto, <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>gestionar <span class=\"_ _1\"></span>el <span class=\"_ _c4\"></span>tr\u00e1nsito de <span class=\"_ _c2\"></span>electricidad <span class=\"_ _c2\"></span>entre <span class=\"_ _c2\"></span>sistemas <span class=\"_ _c2\"></span>exteriores <span class=\"_ _c2\"></span>y <span class=\"_ _c2\"></span>la <span class=\"_ _c5\"></span>pen\u00ednsula <span class=\"_ _c8\"></span>y <span class=\"_ _c5\"></span>de <span class=\"_ _c2\"></span>garantizar <span class=\"_ _c8\"></span>el <span class=\"_ _c5\"></span>acceso <span class=\"_ _c8\"></span>de <span class=\"_ _c5\"></span>terceros<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>a <span class=\"_ _c8\"></span>la <span class=\"_ _c5\"></span>red <span class=\"_ _c2\"></span>de transporte en cond<span class=\"_ _0\"></span>iciones de igualdad.   Adiciona<span class=\"_ _0\"></span>lmente, Re<span class=\"_ _0\"></span>d E<span class=\"_ _0\"></span>l\u00e9ctrica <span class=\"_ _0\"></span>opera <span class=\"_ _0\"></span>el<span class=\"_ _0\"></span> siste<span class=\"_ _0\"></span>ma e<span class=\"_ _0\"></span>l\u00e9ctrico <span class=\"_ _0\"></span>espa\u00f1ol,<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>tanto <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>pen\u00ednsula<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>como <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>los <span class=\"_ _bf\"></span>sistem<span class=\"_ _1\"></span>as no <span class=\"_ _c2\"></span>peninsulares <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>Can<span class=\"_ _0\"></span>arias, <span class=\"_ _c5\"></span>Bale<span class=\"_ _0\"></span>ares, <span class=\"_ _c5\"></span>Ceuta<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>y <span class=\"_ _c2\"></span>Melilla, <span class=\"_ _c2\"></span>garantizando <span class=\"_ _c2\"></span>en <span class=\"_ _c2\"></span>todo <span class=\"_ _c2\"></span>momento <span class=\"_ _c2\"></span>la <span class=\"_ _c5\"></span>segurid<span class=\"_ _0\"></span>ad <span class=\"_ _c2\"></span>y <span class=\"_ _c5\"> </span>la continuidad <span class=\"_ _c8\"></span>del <span class=\"_ _c2\"></span>suministro <span class=\"_ _c2\"></span>el\u00e9ctrico. <span class=\"_ _c8\"></span>La <span class=\"_ _c5\"></span>opera<span class=\"_ _0\"></span>ci\u00f3n <span class=\"_ _c2\"></span>del <span class=\"_ _c2\"></span>sistema <span class=\"_ _c2\"></span>comprende <span class=\"_ _c8\"></span>las <span class=\"_ _c2\"></span>actividades <span class=\"_ _c8\"></span>necesarias <span class=\"_ _c2\"></span>para garantizar dich<span class=\"_ _0\"></span>a segurid<span class=\"_ _0\"></span>ad y contin<span class=\"_ _0\"></span>uidad, as<span class=\"_ _0\"></span>\u00ed como la<span class=\"_ _0\"></span> correcta <span class=\"_ _0\"></span>coordinaci\u00f3<span class=\"_ _0\"></span>n entre el <span class=\"_ _0\"></span>sistema <span class=\"_ _0\"></span>de producci\u00f3<span class=\"_ _0\"></span>n y la <span class=\"_ _c4\"></span>red <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>transporte, <span class=\"_ _c4\"></span>asegurando <span class=\"_ _c4\"></span>que <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>energ\u00eda <span class=\"_ _1\"></span>producida <span class=\"_ _c4\"></span>por <span class=\"_ _c4\"></span>los <span class=\"_ _c4\"></span>generadores <span class=\"_ _c4\"></span>sea <span class=\"_ _c4\"></span>transportada <span class=\"_ _1\"></span>hasta <span class=\"_ _c8\"></span>las redes de distribuci\u00f3<span class=\"_ _0\"></span>n con las condiciones de cali<span class=\"_ _0\"></span>dad exigibles en apli<span class=\"_ _0\"></span>caci\u00f3n de la normativa vigen<span class=\"_ _0\"></span>te.   <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Gest<span class=\"_ _1\"></span>i\u00f3n y operaci\u00f3<span class=\"_ _0\"></span>n de infraestructuras el\u00e9ctric<span class=\"_ _0\"></span>as (Internacional):   </span></span>Este <span class=\"_ _1\"></span>segmento r<span class=\"_ _1\"></span>ecoge las <span class=\"_ _1\"></span>actividades <span class=\"_ _1\"></span>asociadas al <span class=\"_ _1\"></span>desarrollo <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>negocio int<span class=\"_ _1\"></span>ernacional como <span class=\"_ _1\"></span>v\u00eda <span class=\"_ _1\"></span>natural <span class=\"_ _1\"></span>de<span class=\"_ _0\"></span> crecimiento, <span class=\"_ _c5\"></span>centrada<span class=\"_ _0\"></span> <span class=\"_ _c0\"> </span>princip<span class=\"_ _0\"></span>almente <span class=\"_ _c5\"></span>en <span class=\"_ _c5\"> </span>la <span class=\"_ _c0\"> </span>cons<span class=\"_ _0\"></span>trucci\u00f3n <span class=\"_ _c5\"> </span>y <span class=\"_ _c5\"> </span>explotaci\u00f3n <span class=\"_ _c5\"></span>de <span class=\"_ _c5\"></span>redes <span class=\"_ _c5\"></span>de <span class=\"_ _c5\"></span>transporte <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"> </span>energ\u00eda el\u00e9ctrica fuera de Espa\u00f1<span class=\"_ _0\"></span>a, a 31 de diciembre de 202<span class=\"_ _0\"></span>2 en Per\u00fa, Chile y Brasil<span class=\"_ _0\"></span>.   <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\"> Telecomunicaciones (sat\u00e9lites y fibra<span class=\"_ _0\"></span> \u00f3ptica):  </span></span>El <span class=\"_ _c2\"></span>segm<span class=\"_ _1\"></span>ento <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>telecomunicacio<span class=\"_ _0\"></span>nes <span class=\"_ _c5\"></span>recoge, <span class=\"_ _c2\"></span>t<span class=\"_ _1\"></span>anto <span class=\"_ _c2\"></span>la <span class=\"_ _c5\"></span>operaci\u00f3n <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"> </span>infraestructuras <span class=\"_ _c2\"></span>satelitales <span class=\"_ _c2\"></span>en <span class=\"_ _c5\"></span>Espa\u00f1a, Portugal <span class=\"_ _c2\"></span>y <span class=\"_ _c2\"></span>Sudam\u00e9rica <span class=\"_ _c2\"></span>como <span class=\"_ _c2\"></span>el <span class=\"_ _c2\"></span>alquiler <span class=\"_ _c5\"></span>en<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>Espa\u00f1<span class=\"_ _0\"></span>a <span class=\"_ _c5\"></span>de <span class=\"_ _c2\"></span>una <span class=\"_ _c2\"></span>amplia <span class=\"_ _c2\"></span>red <span class=\"_ _c2\"></span>troncal <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>fibra <span class=\"_ _c8\"></span>\u00f3ptica <span class=\"_ _c2\"></span>oscura <span class=\"_ _c2\"></span>y <span class=\"_ _c5\"></span>de<span class=\"_ _0\"></span> emplazamientos y espacios t\u00e9cnicos para el <span class=\"_ _1\"></span>alojamiento de los equipos de <span class=\"_ _1\"></span>telecomunicacion<span class=\"_ _0\"></span>es <span class=\"_ _1\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>los clien-<span class=\"_ _29d\"> </span>tes.   Redeia tambi\u00e9n realiza activida<span class=\"_ _0\"></span>des <span class=\"_ _1\"></span>de reaseguro y de impulso de la innovaci\u00f3n en el \u00e1mbito de los sectores el\u00e9ctrico y <span class=\"_ _0\"></span>de telecomuni<span class=\"_ _0\"></span>caciones. Dichas<span class=\"_ _0\"></span> activida<span class=\"_ _0\"></span>des no cumple<span class=\"_ _0\"></span>n los crite<span class=\"_ _0\"></span>rios cuantitativos <span class=\"_ _0\"></span>para ser p<span class=\"_ _0\"></span>resen-<span class=\"_ _29d\"> </span>tadas separadamen<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>e.  Los <span class=\"_ _c4\"></span>precios <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>venta <span class=\"_ _c4\"></span>intersegmentos <span class=\"_ _c4\"></span>se <span class=\"_ _c8\"></span>establecen <span class=\"_ _c4\"></span>siguiendo <span class=\"_ _c4\"></span>los <span class=\"_ _c8\"></span>t\u00e9rminos <span class=\"_ _c4\"></span>y <span class=\"_ _c8\"></span>condiciones <span class=\"_ _c4\"></span>comerciales <span class=\"_ _c4\"></span>nor-<span class=\"_ _29d\"> </span>males que est\u00e1n<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>disponib<span class=\"_ _0\"></span>les para terceros no vincula<span class=\"_ _0\"></span>dos.  A continuaci\u00f3n, se prese<span class=\"_ _0\"></span>ntan las magnitudes <span class=\"_ _0\"></span>m\u00e1s relevantes de los seg<span class=\"_ _0\"></span>mentos de operaci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _1\"></span>identifi<span class=\"_ _0\"></span>cados:<span class=\"_ _29d\"> </span>Segmentos d<span class=\"_ _1\"></span>e negocio <span class=\"_ _1\"></span>a 31 de diciemb<span class=\"_ _1\"></span>re de 20<span class=\"_ _1\"></span>22<span class=\"_ _29d\"> </span>Gesti\u00f3n y Gesti\u00f3n y Telecomunicaciones<span class=\"_ _0\"></span> operaci\u00f3n de operaci\u00f3n de Otros, (fibra \u00f3ptica y sat\u00e9lite<span class=\"_ _0\"></span>s) infraestructuras infraestructuras Corporaci\u00f3n Total<span class=\"_ _29d\"> </span>el\u00e9ctricas el\u00e9ctricas y ajustes<span class=\"_ _29d\"> </span>Nacionales<span class=\"_ _29d\"> </span>Internacionales<span class=\"_ _29d\"> </span>Sat\u00e9lites <span class=\"_ _cd\"> </span>Fibra \u00f3ptic<span class=\"_ _1\"></span>a Miles de euros<span class=\"_ _29d\"> </span>Importe neto de la cifra <span class=\"_ _1\"></span>de negocios <span class=\"_ _5\"> </span>1.599.006<span class=\"_ _29d\"> </span>70.599<span class=\"_ _29d\"> </span>226.197<span class=\"_ _29d\"> </span>142.663<span class=\"_ _29d\"> </span>(23.429)<span class=\"_ _29d\"> </span>2.015.036<span class=\"_ _29d\"> </span>Externos <span class=\"_ _1cc\"> </span>1<span class=\"_ _1\"></span>.596.206<span class=\"_ _29d\"> </span>70.599<span class=\"_ _29d\"> </span>226.197<span class=\"_ _29d\"> </span>96.545<span class=\"_ _29d\"> </span>25.489<span class=\"_ _29d\"> </span>2.015.036<span class=\"_ _29d\"> </span>Inter-segmento <span class=\"_ _1ce\"> </span>2.800<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>46.118<span class=\"_ _29d\"> </span>(48.918)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>Participaci\u00f3n en asociadas m\u00e9todo de la participaci\u00f3n (actividad -<span class=\"_ _29d\"> </span>47.651<span class=\"_ _29d\"> </span>2.258<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>496<span class=\"_ _29d\"> </span>50.405<span class=\"_ _29d\"> </span>an\u00e1loga) Depreciaci\u00f3n y amortizaci\u00f3n <span class=\"_ _1cf\"> </span>(390.698)<span class=\"_ _29d\"> </span>(19.081)<span class=\"_ _29d\"> </span>(106.501)<span class=\"_ _29d\"> </span>(23.660)<span class=\"_ _29d\"> </span>(5.052)<span class=\"_ _29d\"> </span>(544.992)<span class=\"_ _29d\"> </span>Deterioro y resultado por  enajenaciones de inmovilizado <span class=\"_ _8d\"> </span>135<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>(628)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>5<span class=\"_ _29d\"> </span>(488)<span class=\"_ _29d\"> </span>Resultado de Explotaci\u00f3n<span class=\"_ _29d\"> </span>754.167<span class=\"_ _29d\"> </span>71.32143.70177.385<span class=\"_ _29d\"> </span>14.980<span class=\"_ _29d\"> </span>961.554<span class=\"_ _29d\"> </span>Ingresos financieros <span class=\"_ _112\"> </span>2.31<span class=\"_ _1\"></span>8<span class=\"_ _29d\"> </span>15.723<span class=\"_ _29d\"> </span>347<span class=\"_ _29d\"> </span>413<span class=\"_ _29d\"> </span>4.360<span class=\"_ _29d\"> </span>23.161<span class=\"_ _29d\"> </span>Gastos financieros <span class=\"_ _19e\"> </span>(74.182)<span class=\"_ _29d\"> </span>(29.779)<span class=\"_ _29d\"> </span>(12.497)<span class=\"_ _29d\"> </span>(2.143)<span class=\"_ _29d\"> </span>2.133<span class=\"_ _29d\"> </span>(116.468)<span class=\"_ _29d\"> </span>Impuesto sobre beneficios <span class=\"_ _1d0\"> </span>(168.740)<span class=\"_ _29d\"> </span>(3.327)<span class=\"_ _29d\"> </span>11.851<span class=\"_ _29d\"> </span>(19.019)<span class=\"_ _29d\"> </span>(9.095)<span class=\"_ _29d\"> </span>(188.330)<span class=\"_ _29d\"> </span>Resultado de la Socied<span class=\"_ _1\"></span>ad  dominante despu<span class=\"_ _1\"></span>\u00e9s de impuestos<span class=\"_ _29d\"> </span>513.558<span class=\"_ _29d\"> </span>54.69038.12444.604<span class=\"_ _29d\"> </span>13.755<span class=\"_ _29d\"> </span>664.731<span class=\"_ _29d\"> </span>Activos del segmento<span class=\"_ _29d\"> </span>10.589.169<span class=\"_ _29d\"> </span>1.656.0661.529.664476.142<span class=\"_ _29d\"> </span>530.48014.781.521<span class=\"_ _29d\"> </span>Participaciones contabilizadas por el -<span class=\"_ _29d\"> </span>807.736<span class=\"_ _29d\"> </span>79.731<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>4.150<span class=\"_ _29d\"> </span>891.617<span class=\"_ _29d\"> </span>m\u00e9todo de la participaci\u00f3n Pasivos del segmento<span class=\"_ _29d\"> </span>7.224.012<span class=\"_ _29d\"> </span>812.461940.314379.793<span class=\"_ _29d\"> </span>530.6659.887.245<span class=\"_ _29d\"> </span>Segmentos d<span class=\"_ _1\"></span>e negocio <span class=\"_ _1\"></span>a 31 de diciemb<span class=\"_ _1\"></span>re de 20<span class=\"_ _1\"></span>21 Gesti\u00f3n y Gesti\u00f3n y Telecomunicaciones<span class=\"_ _0\"></span> operaci\u00f3n de operaci\u00f3n de (fibra \u00f3ptica y  Otros, infraestructuras infraestructuras sat\u00e9lites) Corporaci\u00f3n Total<span class=\"_ _29d\"> </span>el\u00e9ctricas el\u00e9ctricas y ajustes<span class=\"_ _29d\"> </span>Nacionales<span class=\"_ _29d\"> </span>Internacionales<span class=\"_ _29d\"> </span>Sat\u00e9lites <span class=\"_ _59\"> </span>Fibr<span class=\"_ _1\"></span>a \u00f3ptica<span class=\"_ _1\"></span> Miles de euros<span class=\"_ _29d\"> </span>Importe neto de la cifra <span class=\"_ _1\"></span>de negocios <span class=\"_ _ee\"> </span>1.609.689<span class=\"_ _29d\"> </span>51.550<span class=\"_ _29d\"> </span>177.413<span class=\"_ _29d\"> </span>134.411<span class=\"_ _29d\"> </span>(20.104)<span class=\"_ _29d\"> </span>1.952.958<span class=\"_ _29d\"> </span>Externos <span class=\"_ _3f\"> </span>1.606.828<span class=\"_ _29d\"> </span>51.218<span class=\"_ _29d\"> </span>177.413<span class=\"_ _29d\"> </span>92.975<span class=\"_ _29d\"> </span>24.524<span class=\"_ _29d\"> </span>1.952.958<span class=\"_ _29d\"> </span>Inter-segmento <span class=\"_ _1d1\"> </span>2.860<span class=\"_ _29d\"> </span>332<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>41.436<span class=\"_ _29d\"> </span>(44.628)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>Participaci\u00f3n en asociadas m\u00e9todo de la participaci\u00f3n (actividad -<span class=\"_ _29d\"> </span>19.818<span class=\"_ _29d\"> </span>9.759<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>(31)<span class=\"_ _29d\"> </span>29.546<span class=\"_ _29d\"> </span>an\u00e1loga) Depreciaci\u00f3n y amortizaci\u00f3n <span class=\"_ _174\"> </span>(387<span class=\"_ _1\"></span>.160)<span class=\"_ _29d\"> </span>(16.442)<span class=\"_ _29d\"> </span>(91.366)<span class=\"_ _29d\"> </span>(23.562)<span class=\"_ _29d\"> </span>(3.583)<span class=\"_ _29d\"> </span>(522.114)<span class=\"_ _29d\"> </span>Deterioro y resultado por enajenacio-<span class=\"_ _29d\"> </span>nes de inmovilizado <span class=\"_ _1d2\"> </span>28<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>234<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>469<span class=\"_ _29d\"> </span>730<span class=\"_ _29d\"> </span>Resultado de Explotaci\u00f3n<span class=\"_ _29d\"> </span>822.068<span class=\"_ _29d\"> </span>34.30944.85275.249<span class=\"_ _29d\"> </span>15.490<span class=\"_ _29d\"> </span>991.970<span class=\"_ _29d\"> </span>Ingresos financieros <span class=\"_ _7b\"> </span>53<span class=\"_ _29d\"> </span>7.148<span class=\"_ _29d\"> </span>92<span class=\"_ _29d\"> </span>1<span class=\"_ _29d\"> </span>3.195<span class=\"_ _29d\"> </span>10.488<span class=\"_ _29d\"> </span>Gastos financieros <span class=\"_ _110\"> </span>(86.761)<span class=\"_ _29d\"> </span>(18.935)<span class=\"_ _29d\"> </span>(6.603)<span class=\"_ _29d\"> </span>(1.091)<span class=\"_ _29d\"> </span>(2.064)<span class=\"_ _29d\"> </span>(115.453)<span class=\"_ _29d\"> </span>Impuesto sobre beneficios <span class=\"_ _1d3\"> </span>(182.514)<span class=\"_ _29d\"> </span>(1.762)<span class=\"_ _29d\"> </span>15.043<span class=\"_ _29d\"> </span>(18.510)<span class=\"_ _29d\"> </span>(14.050)<span class=\"_ _29d\"> </span>(201.793)<span class=\"_ _29d\"> </span>Resultado de la Socied<span class=\"_ _1\"></span>ad  dominante despu<span class=\"_ _1\"></span>\u00e9s de impuestos<span class=\"_ _29d\"> </span>552.845<span class=\"_ _29d\"> </span>20.09649.01355.649<span class=\"_ _29d\"> </span>3.024<span class=\"_ _29d\"> </span>680.627<span class=\"_ _29d\"> </span>Activos del segmento<span class=\"_ _29d\"> </span>9.751.003<span class=\"_ _29d\"> </span>1.295.1441.367.286411.7321.159.31413.984.478<span class=\"_ _29d\"> </span>Participaciones contabilizadas por el -<span class=\"_ _29d\"> </span>510.867<span class=\"_ _29d\"> </span>72.997<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>4.119<span class=\"_ _29d\"> </span>587.983<span class=\"_ _29d\"> </span>m\u00e9todo de la participaci\u00f3n Pasivos del segmento<span class=\"_ _29d\"> </span>7.503.356<span class=\"_ _29d\"> </span>738.897818.713372.374<span class=\"_ _29d\"> </span>866.00710.299<span class=\"_ _29d\"> </span>Atendiendo al cri<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>erio geogr\u00e1fico<span class=\"_ _0\"></span>, a continuaci\u00f3n, se<span class=\"_ _0\"></span> detalla la Cifra de negocio<span class=\"_ _0\"></span> y los Activos no corrie<span class=\"_ _0\"></span>ntes:<span class=\"_ _1\"></span>  Miles de eur<span class=\"_ _1\"></span>os<span class=\"_ _29d\"> </span>Cifra de negocio <span class=\"_ _1d4\"> </span>2022<span class=\"_ _29d\"> </span>2021<span class=\"_ _29d\"> </span>Espa\u00f1a <span class=\"_ _1b2\"> </span>1.791.060<span class=\"_ _29d\"> </span>1.798.597<span class=\"_ _29d\"> </span>Resto <span class=\"_ _1d5\"> </span>223.976<span class=\"_ _29d\"> </span>154.361<span class=\"_ _29d\"> </span>Total <span class=\"_ _1d6\"> </span>2.015.036<span class=\"_ _29d\"> </span>1.952.958<span class=\"_ _29d\"> </span>Miles de eur<span class=\"_ _1\"></span>os<span class=\"_ _29d\"> </span>Activo fijo (*) <span class=\"_ _2\"> </span>2022<span class=\"_ _29d\"> </span>2021<span class=\"_ _29d\"> </span>Espa\u00f1a <span class=\"_ _1b2\"> </span>9.761.036<span class=\"_ _29d\"> </span>9.791.652<span class=\"_ _29d\"> </span>Resto <span class=\"_ _1d7\"> </span>1.628.154<span class=\"_ _29d\"> </span>1.111.082<span class=\"_ _29d\"> </span>Total <span class=\"_ _1d8\"> </span>11.389.191<span class=\"_ _29d\"> </span>10.902.734<span class=\"_ _29d\"> </span>(*) Se excluyen las inver<span class=\"_ _0\"></span>siones financieras no corr<span class=\"_ _0\"></span>ientes, Impuestos <span class=\"_ _0\"></span>diferidos activos y Deudo<span class=\"_ _0\"></span>res comerciales y otras cue<span class=\"_ _0\"></span>ntas a cobrar no corrien<span class=\"_ _0\"></span>tes<span class=\"_ _29d\"> </span>. 29<span class=\"ff3\"> <span class=\"_ _bf\"></span><span class=\"ff7\">Intereses en ac<span class=\"_ _1\"></span>uerdos conjunt<span class=\"_ _1\"></span>os </span></span>El <span class=\"_ _c2\"></span>Grupo <span class=\"_ _c5\"></span>interviene <span class=\"_ _c2\"></span>en <span class=\"_ _c2\"></span>un <span class=\"_ _c2\"></span>acuerdo <span class=\"_ _c5\"></span>conjunto, <span class=\"_ _c2\"></span>a <span class=\"_ _c2\"></span>trav\u00e9s <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>Red <span class=\"_ _c2\"></span>El\u00e9ctrica, <span class=\"_ _c2\"></span>al <span class=\"_ _c5\"></span>50% <span class=\"_ _c2\"></span>junto <span class=\"_ _c5\"></span>co<span class=\"_ _0\"></span>n <span class=\"_ _c5\"></span>el <span class=\"_ _c2\"></span>TSO <span class=\"_ _c5\"></span>franc\u00e9s<span class=\"_ _0\"></span> R\u00e9seau <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>Transport <span class=\"_ _c8\"></span>d'\u00c9lectricit\u00e9 <span class=\"_ _c8\"></span>(RTE) <span class=\"_ _c8\"></span>en <span class=\"_ _c2\"></span>la <span class=\"_ _c8\"></span>sociedad<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>INELFE, <span class=\"_ _c8\"></span>con <span class=\"_ _c8\"></span>domicilio <span class=\"_ _c8\"></span>en <span class=\"_ _c2\"></span>Par\u00eds, <span class=\"_ _c8\"></span>cuyo <span class=\"_ _c8\"></span>objeto <span class=\"_ _c8\"></span>es <span class=\"_ _c8\"></span>el estudio <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>ejecuci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>interconexiones<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>entre <span class=\"_ _1\"></span>Espa\u00f1a <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>Francia <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>permitir\u00e1 <span class=\"_ _1\"></span>el incremento <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>capacidad de <span class=\"_ _c2\"></span>int<span class=\"_ _1\"></span>ercambio <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>energ\u00eda <span class=\"_ _c5\"></span>el\u00e9ctrica <span class=\"_ _c2\"></span>entre <span class=\"_ _c5\"></span>ambos <span class=\"_ _c2\"></span>pa\u00ed<span class=\"_ _1\"></span>ses. <span class=\"_ _c2\"></span>Las <span class=\"_ _c5\"> </span>decisiones <span class=\"_ _c2\"></span>se <span class=\"_ _c5\"></span>toman <span class=\"_ _c5\"></span>con <span class=\"_ _c5\"></span>el <span class=\"_ _c2\"></span>consentimiento un\u00e1nime de <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>partes. Tanto <span class=\"_ _1\"></span>RTE <span class=\"_ _1\"></span>como<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>Red <span class=\"_ _1\"></span>El\u00e9ctrica t<span class=\"_ _1\"></span>ienen derecho <span class=\"_ _1\"></span>a los <span class=\"_ _1\"></span>activos y <span class=\"_ _1\"></span>obligaciones respecto a <span class=\"_ _1\"></span>los pasivos <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>INELFE, <span class=\"_ _1\"></span>por <span class=\"_ _1\"></span>lo <span class=\"_ _1\"></span>que el <span class=\"_ _1\"></span>acuerdo <span class=\"_ _1\"></span>conjunto se <span class=\"_ _1\"></span>ha <span class=\"_ _1\"></span>clasificado como <span class=\"_ _1\"></span>una <span class=\"_ _1\"></span>operaci\u00f3n conjunta. <span class=\"_ _1\"></span>El Grupo ha <span class=\"_ _1\"></span>reconocid<span class=\"_ _0\"></span>o <span class=\"_ _1\"></span>en las cuentas anuales <span class=\"_ _1\"></span>consoli<span class=\"_ _0\"></span>dadas, sus <span class=\"_ _1\"></span>activos, incluida<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>su participaci\u00f3n en los <span class=\"_ _1\"></span>acti-<span class=\"_ _29d\"> </span>vos <span class=\"_ _c8\"></span>controlados <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>forma <span class=\"_ _c4\"></span>conjunta <span class=\"_ _c8\"></span>y <span class=\"_ _c8\"></span>sus <span class=\"_ _c8\"></span>pasivos,<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>incluida <span class=\"_ _c8\"></span>su <span class=\"_ _c8\"></span>participaci\u00f3n <span class=\"_ _c4\"></span>en <span class=\"_ _c8\"></span>los <span class=\"_ _c8\"></span>pasivos <span class=\"_ _c8\"></span>en <span class=\"_ _c4\"></span>los <span class=\"_ _c8\"></span>que <span class=\"_ _c8\"></span>haya incurrido conjuntamen<span class=\"_ _0\"></span>te en INELFE (v\u00e9ase no<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>a <span class=\"_ _0\"></span>2 c).  El Grupo<span class=\"_ _0\"></span> interviene<span class=\"_ _0\"></span> en u<span class=\"_ _0\"></span>n acuerdo <span class=\"_ _0\"></span>conjunto a<span class=\"_ _0\"></span> trav\u00e9s <span class=\"_ _0\"></span>de Red <span class=\"_ _0\"></span>El\u00e9ctrica Ch<span class=\"_ _0\"></span>ile S.P.A.<span class=\"_ _0\"></span> que partic<span class=\"_ _0\"></span>ipa al <span class=\"_ _0\"></span>50% <span class=\"_ _0\"></span>junto con <span class=\"_ _0\"></span>Engie <span class=\"_ _0\"></span>Energ\u00eda <span class=\"_ _0\"></span>Chil<span class=\"_ _0\"></span>e, S.A. <span class=\"_ _0\"></span>(E.C.L. <span class=\"_ _0\"></span>S.A.) <span class=\"_ _0\"></span>en<span class=\"_ _0\"></span> la <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ociedad <span class=\"_ _0\"></span>chilena <span class=\"_ _0\"></span>TEN. <span class=\"_ _0\"></span>El <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>ha <span class=\"_ _0\"></span>clasificado <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ste <span class=\"_ _0\"></span>acuerdo conjunto como nego<span class=\"_ _0\"></span>cio conjunto al tener las parte<span class=\"_ _0\"></span>s derecho a los ac<span class=\"_ _0\"></span>tivos netos (v\u00e9ase nota 11).  Asimismo, <span class=\"_ _c8\"></span>desde <span class=\"_ _c4\"></span>2020, <span class=\"_ _c8\"></span>el <span class=\"_ _c8\"></span>Grupo <span class=\"_ _c8\"></span>participa <span class=\"_ _c4\"></span>a <span class=\"_ _c8\"></span>t<span class=\"_ _1\"></span>rav<span class=\"_ _0\"></span>\u00e9s <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>Red <span class=\"_ _c4\"></span>El\u00e9ctrica <span class=\"_ _c8\"></span>Brasil <span class=\"_ _c4\"></span>Holding <span class=\"_ _c8\"></span>Ltda. <span class=\"_ _c2\"></span>al <span class=\"_ _c8\"></span>50% <span class=\"_ _c4\"></span>junt<span class=\"_ _1\"></span>o <span class=\"_ _c4\"></span>con Grupo <span class=\"_ _0\"></span>Energ\u00eda <span class=\"_ _0\"></span>Bogo<span class=\"_ _0\"></span>t\u00e1 S<span class=\"_ _0\"></span>.A. <span class=\"_ _0\"></span>E.S.P. <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>la<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>sociedad <span class=\"_ _bf\"></span>br<span class=\"_ _1\"></span>asile\u00f1a <span class=\"_ _0\"></span>Argo<span class=\"_ _0\"></span> Ene<span class=\"_ _0\"></span>rg\u00eda <span class=\"_ _0\"></span>Emprendimiento<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>Participacion<span class=\"_ _0\"></span>es S.A.(Argo). El <span class=\"_ _0\"></span>Grupo tam<span class=\"_ _0\"></span>bi\u00e9n ha clasific<span class=\"_ _0\"></span>ado este a<span class=\"_ _0\"></span>cuerdo como nego<span class=\"_ _0\"></span>cio c<span class=\"_ _0\"></span>onjunto al tener <span class=\"_ _0\"></span>las partes <span class=\"_ _0\"></span>derecho a los activos netos (v\u00e9as<span class=\"_ _0\"></span>e nota 11).  Adiciona<span class=\"_ _0\"></span>lmente, el Grupo <span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>iene con<span class=\"_ _0\"></span>trol conjunto <span class=\"_ _0\"></span>en la <span class=\"_ _0\"></span>Uni\u00f3n Tempo<span class=\"_ _0\"></span>ral de Empresas<span class=\"_ _0\"></span> (en adelan<span class=\"_ _0\"></span>te UTE) Bala<span class=\"_ _0\"></span>-<span class=\"_ _29d\"> </span>link, a trav\u00e9s <span class=\"_ _0\"></span>de Reintel, ya<span class=\"_ _0\"></span> que existen acu<span class=\"_ _0\"></span>erdos contractuale<span class=\"_ _0\"></span>s que requie<span class=\"_ _0\"></span>ren el consenti<span class=\"_ _0\"></span>miento un\u00e1nime d<span class=\"_ _0\"></span>e los <span class=\"_ _c2\"></span>dos <span class=\"_ _c2\"></span>part\u00edcipes <span class=\"_ _c2\"></span>para <span class=\"_ _c2\"></span>tomar <span class=\"_ _c5\"></span>las<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>decisi<span class=\"_ _0\"></span>ones <span class=\"_ _c2\"></span>sobre <span class=\"_ _c5\"></span>las<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>activid<span class=\"_ _0\"></span>ades <span class=\"_ _c2\"></span>relevantes. <span class=\"_ _c2\"></span>El <span class=\"_ _c2\"></span>Grupo <span class=\"_ _c2\"></span>ha <span class=\"_ _c2\"></span>clasificado <span class=\"_ _c2\"></span>las inversiones <span class=\"_ _c2\"></span>como <span class=\"_ _c2\"></span>operacio<span class=\"_ _0\"></span>nes <span class=\"_ _c2\"></span>conjuntas, <span class=\"_ _c2\"></span>debido <span class=\"_ _c2\"></span>a <span class=\"_ _c2\"></span>que <span class=\"_ _c2\"></span>los <span class=\"_ _c2\"></span>part\u00edcipes <span class=\"_ _c2\"></span>tienen <span class=\"_ _c5\"></span>derechos<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>sobre <span class=\"_ _c5\"></span>lo<span class=\"_ _0\"></span>s <span class=\"_ _c5\"></span>activos<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>y obligacio<span class=\"_ _0\"></span>nes <span class=\"_ _c8\"></span>sobre <span class=\"_ _c8\"></span>los <span class=\"_ _c4\"></span>pasivos. <span class=\"_ _c8\"></span>La <span class=\"_ _c8\"></span>UTE <span class=\"_ _c8\"></span>se <span class=\"_ _c4\"></span>ha <span class=\"_ _c8\"></span>constituido <span class=\"_ _c4\"></span>con <span class=\"_ _c8\"></span>el <span class=\"_ _c8\"></span>objeto <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>prestar <span class=\"_ _c4\"></span>servicios <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>fibra <span class=\"_ _c4\"></span>\u00f3ptica oscura con garant<span class=\"_ _0\"></span>\u00eda de puesta a disposici<span class=\"_ _0\"></span>\u00f3n entre las Islas Baleares<span class=\"_ _0\"></span> y la costa Mediterr\u00e1nea, en<span class=\"_ _0\"></span> Espa\u00f1a.  30<span class=\"ff3\"> <span class=\"_ _be\"></span><span class=\"ff7\">Garant\u00edas <span class=\"_ _1\"></span>y otr<span class=\"_ _1\"></span>os compromiso<span class=\"_ _1\"></span>s comprometi<span class=\"_ _1\"></span>dos con<span class=\"_ _1\"></span> terceros <span class=\"_ _1\"></span>y </span></span>otros activ<span class=\"_ _1\"></span>os y pasiv<span class=\"_ _1\"></span>os contingente<span class=\"_ _1\"></span>s En <span class=\"_ _1\"></span>2022 y <span class=\"_ _1\"></span>2021 <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>Socie<span class=\"_ _0\"></span>dad <span class=\"_ _1\"></span>garantiza, solidariamente con <span class=\"_ _1\"></span>Red <span class=\"_ _1\"></span>El\u00e9ctrica, la <span class=\"_ _1\"></span>emisi\u00f3n <span class=\"_ _1\"></span>privada<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>bonos <span class=\"_ _1\"></span>reali-<span class=\"_ _29d\"> </span>zada <span class=\"_ _0\"></span>en lo<span class=\"_ _0\"></span>s Estados<span class=\"_ _0\"></span> Unid<span class=\"_ _0\"></span>os de <span class=\"_ _0\"></span>Am\u00e9rica <span class=\"_ _0\"></span>por<span class=\"_ _0\"></span> importe <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>250 <span class=\"_ _0\"></span>millones <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>d\u00f3lares <span class=\"_ _0\"></span>americanos <span class=\"_ _0\"></span>(250 <span class=\"_ _0\"></span>millo<span class=\"_ _0\"></span>nes de<span class=\"_ _0\"></span> d\u00f3lares <span class=\"_ _1\"></span>americanos <span class=\"_ _c4\"></span>en <span class=\"_ _c4\"></span>202<span class=\"_ _0\"></span>1) <span class=\"_ _c4\"></span>realizadas <span class=\"_ _c4\"></span>por <span class=\"_ _1\"></span>la <span class=\"_ _c4\"></span>sociedad <span class=\"_ _1\"></span>Red <span class=\"_ _c4\"></span>El\u00e9ctrica <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>Espa\u00f1a <span class=\"_ _c4\"></span>Finance, <span class=\"_ _1\"></span>SL.U., <span class=\"_ _1\"></span>y <span class=\"_ _c4\"></span>el <span class=\"_ _c4\"></span>pro-<span class=\"_ _29d\"> </span>grama <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>eurobonos<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>de <span class=\"_ _c2\"></span>Red <span class=\"_ _c5\"></span>El\u00e9ctrica <span class=\"_ _c2\"></span>Financiacion<span class=\"_ _0\"></span>es, <span class=\"_ _c5\"> </span>S.A.U. <span class=\"_ _c2\"></span>por <span class=\"_ _c5\"></span>un <span class=\"_ _c5\"></span>imp<span class=\"_ _0\"></span>orte <span class=\"_ _c5\"></span>de <span class=\"_ _c2\"></span>hasta <span class=\"_ _c5\"></span>5.000<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>millones <span class=\"_ _c2\"></span>de euros <span class=\"_ _bf\"></span>a <span class=\"_ _0\"></span>31 <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>diciembre <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>2022 <span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>2021.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>Este <span class=\"_ _0\"></span>pro<span class=\"_ _0\"></span>grama, <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>31 <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>diciembre <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>2022 <span class=\"_ _bf\"></span>t<span class=\"_ _1\"></span>iene <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mitidos <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>urobonos por importe de 3.290<span class=\"_ _0\"></span> millones de euros (3<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>690 mil<span class=\"_ _0\"></span>lones de euros en 2021). <span class=\"_ _0\"></span> Adiciona<span class=\"_ _0\"></span>lmente, <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>31 <span class=\"_ _1\"></span>de diciembre <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>2022 <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>2021 la <span class=\"_ _1\"></span>Sociedad <span class=\"_ _1\"></span>garan<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>iza solidariamente con <span class=\"_ _1\"></span>Red El\u00e9ctrica, el <span class=\"_ _0\"></span>programa <span class=\"_ _bf\"></span>de e<span class=\"_ _0\"></span>misi\u00f3n <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>pagar\u00e9s <span class=\"_ _0\"></span>Euro <span class=\"_ _bf\"></span>Commercial <span class=\"_ _bf\"></span>Paper <span class=\"_ _0\"></span>Programme <span class=\"_ _0\"></span>(P<span class=\"_ _0\"></span>rograma <span class=\"_ _0\"></span>ECP) <span class=\"_ _bf\"></span>realizados <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>Red<span class=\"_ _29d\"> </span>El\u00e9ctrica <span class=\"_ _0\"></span>Financia<span class=\"_ _0\"></span>ciones, <span class=\"_ _0\"></span>S.A.U.<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>un<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>importe <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>hasta <span class=\"_ _bf\"></span>1.000 <span class=\"_ _bf\"></span>m<span class=\"_ _1\"></span>illones <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>euros. <span class=\"_ _bf\"></span>A <span class=\"_ _0\"></span>31 <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>diciembre <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>2022<span class=\"_ _0\"></span> y 2021 no hay importes<span class=\"_ _0\"></span> dispuestos de dicho p<span class=\"_ _0\"></span>rograma.  Con fecha <span class=\"_ _1\"></span>19 <span class=\"_ _1\"></span>de febrero de <span class=\"_ _1\"></span>2015, <span class=\"_ _1\"></span>Redesur,<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>Tesur y <span class=\"_ _1\"></span>Scotia Sociedad <span class=\"_ _1\"></span>Titulizadora<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>S.A., <span class=\"_ _1\"></span>suscribieron<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>Acto constitutivo <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>Fideicomiso <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>Titulizaci\u00f3n <span class=\"_ _1\"></span>donde <span class=\"_ _c4\"></span>se <span class=\"_ _c4\"></span>constituye <span class=\"_ _1\"></span>el <span class=\"_ _c4\"></span>Patrimonio <span class=\"_ _1\"></span>Fideicometido <span class=\"_ _1\"></span>Redesur-Tesur con <span class=\"_ _1\"></span>finalidad <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>servir <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>respaldo <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>las <span class=\"_ _c4\"></span>obligacion<span class=\"_ _0\"></span>es <span class=\"_ _c4\"></span>derivadas <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>emisiones <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>bonos <span class=\"_ _1\"></span>por <span class=\"_ _c4\"></span>importe <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>77 millones <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>d\u00f3lares <span class=\"_ _c5\"></span>am<span class=\"_ _0\"></span>ericanos <span class=\"_ _c5\"></span>a <span class=\"_ _c5\"></span>31 <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>diciembre <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"> </span>2022 <span class=\"_ _c5\"></span>(82 <span class=\"_ _c2\"></span>millones <span class=\"_ _c5\"></span>de <span class=\"_ _c2\"></span>d\u00f3lares <span class=\"_ _c5\"></span>americano<span class=\"_ _0\"></span>s <span class=\"_ _c5\"></span>a <span class=\"_ _c5\"></span>31 <span class=\"_ _c2\"></span>de diciembre de 2021). <span class=\"_ _0\"></span> A <span class=\"_ _1\"></span>31 <span class=\"_ _c4\"></span>de diciembre <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>2022 <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>Grupo <span class=\"_ _1\"></span>tiene <span class=\"_ _1\"></span>avales bancar<span class=\"_ _1\"></span>ios derivados <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>tr\u00e1fico <span class=\"_ _1\"></span>ordinario del <span class=\"_ _c4\"></span>negocio ot<span class=\"_ _1\"></span>or-<span class=\"_ _29d\"> </span>gados a favor de<span class=\"_ _0\"></span> terceros por importe de 200.087<span class=\"_ _0\"></span> miles de euros (191.656<span class=\"_ _0\"></span> miles de euros en 2021). <span class=\"_ _0\"></span> El <span class=\"_ _1\"></span>Grupo <span class=\"_ _1\"></span>no <span class=\"_ _1\"></span>posee <span class=\"_ _1\"></span>pasivos <span class=\"_ _1\"></span>contingentes <span class=\"_ _1\"></span>significativos <span class=\"_ _1\"></span>que impliquen <span class=\"_ _1\"></span>una <span class=\"_ _1\"></span>eventual <span class=\"_ _1\"></span>salida <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>recursos, <span class=\"_ _1\"></span>cuya probabilidad<span class=\"_ _0\"></span> de ocurrencia no sea remota.<span class=\"_ _29d\"> </span>31<span class=\"ff3\"> </span>Informaci\u00f3n sobre<span class=\"_ _1\"></span> Medioam<span class=\"_ _1\"></span>biente<span class=\"_ _1\"></span> Las <span class=\"_ _c2\"></span>sociedades <span class=\"_ _c8\"></span>del <span class=\"_ _c8\"></span>Grupo, <span class=\"_ _c2\"></span>durante <span class=\"_ _c8\"></span>el <span class=\"_ _c5\"></span>e<span class=\"_ _0\"></span>jercicio <span class=\"_ _c8\"></span>2022, <span class=\"_ _c2\"></span>han <span class=\"_ _c2\"></span>realizado <span class=\"_ _c8\"></span>gastos <span class=\"_ _c8\"></span>or<span class=\"_ _1\"></span>dinarios<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>para <span class=\"_ _c2\"></span>la <span class=\"_ _c2\"></span>protecci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>y mejora <span class=\"_ _1\"></span>del medio <span class=\"_ _1\"></span>ambiente por <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>importe de <span class=\"_ _1\"></span>24.934 miles <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>euros (23.421 <span class=\"_ _1\"></span>miles de <span class=\"_ _1\"></span>euros en <span class=\"_ _1\"></span>2021), <span class=\"_ _1\"></span>prin-<span class=\"_ _29d\"> </span>cipalmente <span class=\"_ _1\"></span>derivados<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>la aplicaci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>acciones ambientales <span class=\"_ _1\"></span>dirigidas a <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>protecci\u00f3n <span class=\"_ _1\"></span>de la <span class=\"_ _1\"></span>biodiversidad, prevenci\u00f3n de ince<span class=\"_ _0\"></span>ndios, integraci\u00f3n paisa<span class=\"_ _0\"></span>j\u00edst<span class=\"_ _1\"></span>ica, <span class=\"_ _0\"></span>cambio clim\u00e1tico y prevenci\u00f3<span class=\"_ _0\"></span>n de la contaminaci\u00f3n.  <span class=\"_ _0\"></span> Asimismo, <span class=\"_ _1\"></span>durante <span class=\"_ _1\"></span>el <span class=\"_ _c4\"></span>a\u00f1o <span class=\"_ _1\"></span>2022, <span class=\"_ _c4\"></span>el <span class=\"_ _1\"></span>importe <span class=\"_ _c4\"></span>destin<span class=\"_ _0\"></span>ado <span class=\"_ _c4\"></span>a <span class=\"_ _c4\"></span>aspectos <span class=\"_ _1\"></span>ambientale<span class=\"_ _0\"></span>s <span class=\"_ _c4\"></span>asociados <span class=\"_ _1\"></span>a <span class=\"_ _c4\"></span>los <span class=\"_ _1\"></span>proyectos <span class=\"_ _1\"></span>de inversi\u00f3n (que<span class=\"_ _0\"></span> incluyen <span class=\"_ _0\"></span>los estudios <span class=\"_ _0\"></span>de impacto <span class=\"_ _0\"></span>ambiental, supervi<span class=\"_ _0\"></span>si\u00f3n am<span class=\"_ _0\"></span>biental de los <span class=\"_ _0\"></span>trabajos y <span class=\"_ _0\"></span>aplicaci\u00f3<span class=\"_ _0\"></span>n de medidas<span class=\"_ _0\"></span> preventivas<span class=\"_ _0\"></span>, correctoras y<span class=\"_ _0\"></span> de aco<span class=\"_ _0\"></span>mpa\u00f1amiento) h<span class=\"_ _0\"></span>a sido <span class=\"_ _0\"></span>de 4.5<span class=\"_ _0\"></span>40 miles de<span class=\"_ _0\"></span> euros<span class=\"_ _0\"></span> (3.498 mil<span class=\"_ _0\"></span>es de euros en 2021).  <span class=\"_ _0\"></span> Las <span class=\"_ _0\"></span>sociedades <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Grupo no<span class=\"_ _0\"></span> tienen <span class=\"_ _0\"></span>litigios <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>materia <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>protecci\u00f3n <span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>jora de<span class=\"_ _0\"></span>l medio<span class=\"_ _0\"></span> a<span class=\"_ _0\"></span>mbiente <span class=\"_ _0\"></span>de los <span class=\"_ _0\"></span>que<span class=\"_ _0\"></span> se <span class=\"_ _1\"></span>estime puedan <span class=\"_ _1\"></span>derivar contingencias relevantes. <span class=\"_ _1\"></span>Asimi<span class=\"_ _0\"></span>smo, <span class=\"_ _1\"></span>durante los <span class=\"_ _1\"></span>ejercicios 2022 <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>2021 las <span class=\"_ _1\"></span>socie-<span class=\"_ _29d\"> </span>dades del Grupo<span class=\"_ _0\"></span> no han recibido subvencion<span class=\"_ _0\"></span>es significativas de car\u00e1cter <span class=\"_ _0\"></span>medioambiental.  32<span class=\"ff3\"> <span class=\"_ _bf\"></span><span class=\"ff7\">Otra inform<span class=\"_ _1\"></span>aci\u00f3n </span></span>El importe total devenga<span class=\"_ _0\"></span>do por servicios de audito<span class=\"_ _0\"></span>r\u00eda <span class=\"_ _1\"></span>de las socie<span class=\"_ _0\"></span>dades del Grupo ha ascen<span class=\"_ _0\"></span>dido a 836 miles de euros en 2022 (710 <span class=\"_ _0\"></span>miles de euros en 2021).<span class=\"_ _0\"></span>   El <span class=\"_ _bf\"></span>auditor <span class=\"_ _0\"></span>principal <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>entas <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>las <span class=\"_ _0\"></span>socie<span class=\"_ _0\"></span>dades <span class=\"_ _bf\"></span>del <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>es<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>KPMG. <span class=\"_ _bf\"></span>Los <span class=\"_ _bf\"></span>honorarios <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>ratados <span class=\"_ _bf\"></span>por <span class=\"_ _0\"></span>Red<span class=\"_ _0\"></span>eia con <span class=\"_ _0\"></span>la empresa<span class=\"_ _0\"></span> audito<span class=\"_ _0\"></span>ra, KPM<span class=\"_ _0\"></span>G Auditores<span class=\"_ _0\"></span> S.L., <span class=\"_ _0\"></span>durante <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>ejercicios <span class=\"_ _0\"></span>terminad<span class=\"_ _0\"></span>os el <span class=\"_ _0\"></span>31 de<span class=\"_ _0\"></span> diciemb<span class=\"_ _0\"></span>re de<span class=\"_ _0\"></span> 2022<span class=\"_ _0\"></span> y 2021, se detallan a <span class=\"_ _0\"></span>continuaci\u00f3n:  Miles de euros <span class=\"_ _23c\"></span>2022<span class=\"_ _29d\"> </span>2021<span class=\"_ _29d\"> </span>Servicios de auditor\u00eda <span class=\"_ _1d9\"> </span>501<span class=\"_ _29d\"> </span>451<span class=\"_ _29d\"> </span>Servicios relacionados con la auditor\u00eda <span class=\"_ _1a4\"> </span>190<span class=\"_ _29d\"> </span>156<span class=\"_ _29d\"> </span>Otros servicios  <span class=\"_ _18c\"> </span>26<span class=\"_ _29d\"> </span>15<span class=\"_ _29d\"> </span>Total <span class=\"_ _1da\"> </span>717<span class=\"_ _29d\"> </span>622<span class=\"_ _29d\"> </span>Los <span class=\"_ _c4\"></span>importes <span class=\"_ _c4\"></span>incluidos <span class=\"_ _c4\"></span>en <span class=\"_ _c8\"></span>el <span class=\"_ _c4\"></span>cuadro <span class=\"_ _c8\"></span>anterior <span class=\"_ _c4\"></span>incluyen <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>totalidad <span class=\"_ _c8\"></span>de <span class=\"_ _c4\"></span>los <span class=\"_ _c4\"></span>honorarios <span class=\"_ _c4\"></span>r<span class=\"_ _1\"></span>elativos<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>a <span class=\"_ _c8\"></span>los <span class=\"_ _c4\"></span>servicios realizados duran<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>e los<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>ejercicio<span class=\"_ _0\"></span>s 2022 y 2021, con independencia<span class=\"_ _0\"></span> del momento de su <span class=\"_ _0\"></span>facturaci\u00f3n.  El <span class=\"_ _c5\"></span>ep\u00edgrafe <span class=\"_ _c5\"></span>\u201cServicios <span class=\"_ _c2\"></span>de <span class=\"_ _c0\"> </span>auditor\u00eda\u201d <span class=\"_ _c5\"></span>incluye<span class=\"_ _0\"></span> <span class=\"_ _c5\"> </span>los <span class=\"_ _c5\"></span>honorarios <span class=\"_ _c5\"></span>correspondie<span class=\"_ _0\"></span>ntes <span class=\"_ _c5\"> </span>a <span class=\"_ _c5\"> </span>la <span class=\"_ _c5\"> </span>auditor\u00eda <span class=\"_ _c5\"> </span>de <span class=\"_ _c5\"> </span>las <span class=\"_ _c5\"></span>cuentas anuales indivi<span class=\"_ _0\"></span>duales y consolidadas de Red El\u00e9ctrica Corporaci\u00f3n, S.A. y de algunas de las sociedades qu<span class=\"_ _0\"></span>e forman parte del Grupo<span class=\"_ _0\"></span>.  Bajo <span class=\"_ _c4\"></span>el <span class=\"_ _c4\"></span>concepto <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>\u201cServicios <span class=\"_ _c4\"></span>relacionados <span class=\"_ _1\"></span>con <span class=\"_ _c4\"></span>la <span class=\"_ _c8\"></span>auditor\u00eda\u201d <span class=\"_ _c4\"></span>se <span class=\"_ _c4\"></span>incluye <span class=\"_ _c4\"></span>principalmente, <span class=\"_ _1\"></span>la <span class=\"_ _c8\"></span>revisi\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>limitada de <span class=\"_ _c4\"></span>los <span class=\"_ _c8\"></span>Estados <span class=\"_ _c8\"></span>Financieros <span class=\"_ _c4\"></span>Intermedios <span class=\"_ _c4\"></span>consolidados <span class=\"_ _c4\"></span>del <span class=\"_ _c4\"></span>G<span class=\"_ _1\"></span>rupo, <span class=\"_ _c8\"></span>el <span class=\"_ _c4\"></span>servicio <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>aseguramiento <span class=\"_ _c8\"></span>relativo <span class=\"_ _c4\"></span>a <span class=\"_ _c8\"></span>la emisi\u00f3n de<span class=\"_ _0\"></span> Comfo<span class=\"_ _0\"></span>rt Letters, el<span class=\"_ _0\"></span> informe<span class=\"_ _0\"></span> de audito<span class=\"_ _0\"></span>r\u00eda de se<span class=\"_ _0\"></span>guridad <span class=\"_ _0\"></span>razonable sob<span class=\"_ _0\"></span>re la<span class=\"_ _0\"></span> efectividad <span class=\"_ _0\"></span>del SCIIF<span class=\"_ _0\"></span> del Grupo bajo ISAE 3000<span class=\"_ _0\"></span>, certificados de covenants<span class=\"_ _0\"></span> de las cuentas anuales<span class=\"_ _0\"></span> y traducciones. Bajo <span class=\"_ _c4\"></span>el <span class=\"_ _c4\"></span>concepto <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>\u201cOtros <span class=\"_ _c4\"></span>Servicios\u201d <span class=\"_ _c4\"></span>se <span class=\"_ _c4\"></span>incluyen <span class=\"_ _c4\"></span>procedimientos <span class=\"_ _c4\"></span>acordad<span class=\"_ _0\"></span>os <span class=\"_ _c8\"></span>realizados <span class=\"_ _c4\"></span>para <span class=\"_ _1\"></span>det<span class=\"_ _1\"></span>erminad<span class=\"_ _0\"></span>as sociedades del <span class=\"_ _0\"></span>Grupo.  Por <span class=\"_ _c4\"></span>otro <span class=\"_ _c4\"></span>lado, <span class=\"_ _c4\"></span>los <span class=\"_ _c4\"></span>honorarios <span class=\"_ _c4\"></span>contratados <span class=\"_ _c4\"></span>por <span class=\"_ _c4\"></span>Redeia<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>a <span class=\"_ _c4\"></span>otras <span class=\"_ _c4\"></span>entidades <span class=\"_ _c4\"></span>afiliadas <span class=\"_ _1\"></span>a <span class=\"_ _c8\"></span>KPMG, <span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>anto <span class=\"_ _c4\"></span>en <span class=\"_ _c4\"></span>Espa\u00f1a como <span class=\"_ _c4\"></span>en <span class=\"_ _c8\"></span>el <span class=\"_ _c2\"></span>extranje<span class=\"_ _0\"></span>ro, <span class=\"_ _c8\"></span>durante <span class=\"_ _c8\"></span>los <span class=\"_ _c8\"></span>ejercicios<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>terminados <span class=\"_ _c8\"></span>el <span class=\"_ _c4\"></span>31 <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>diciembre <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>2022 <span class=\"_ _c4\"></span>y <span class=\"_ _c2\"></span>2021, <span class=\"_ _c4\"></span>se <span class=\"_ _c8\"></span>detallan <span class=\"_ _c8\"></span>a continuaci\u00f3n:  Miles de Euros <span class=\"_ _23d\"></span>2022<span class=\"_ _29d\"> </span>2021<span class=\"_ _29d\"> </span>Servicios de auditor\u00eda <span class=\"_ _1d9\"> </span>310<span class=\"_ _29d\"> </span>251<span class=\"_ _29d\"> </span>Servicios relacionados con la auditor\u00eda <span class=\"_ _1db\"> </span>1<span class=\"_ _29d\"> </span>13<span class=\"_ _29d\"> </span>Total <span class=\"_ _1da\"> </span>311<span class=\"_ _29d\"> </span>264<span class=\"_ _29d\"> </span>Los <span class=\"_ _0\"></span>honorarios p<span class=\"_ _0\"></span>or servic<span class=\"_ _0\"></span>ios <span class=\"_ _0\"></span>de auditor\u00eda<span class=\"_ _0\"></span> contra<span class=\"_ _0\"></span>tados <span class=\"_ _0\"></span>por el <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>a P<span class=\"_ _0\"></span>ricewaterhouseCo<span class=\"_ _0\"></span>opers Aud<span class=\"_ _0\"></span>it, SAS<span class=\"_ _0\"></span> en Francia para<span class=\"_ _0\"></span> la auditor\u00eda <span class=\"_ _0\"></span>de INELFE, en la que<span class=\"_ _0\"></span> se tiene<span class=\"_ _0\"></span> control conjunto, du<span class=\"_ _0\"></span>rante los ejercicio<span class=\"_ _0\"></span>s terminados el<span class=\"_ _0\"></span> 31 de diciembre de<span class=\"_ _0\"></span> 2022 y 2021, se detall<span class=\"_ _0\"></span>an a continuaci\u00f3n:  Miles de Euros <span class=\"_ _23d\"></span>2022<span class=\"_ _29d\"> </span>2021<span class=\"_ _29d\"> </span>Servicios de auditor\u00eda <span class=\"_ _1dc\"> </span>10<span class=\"_ _29d\"> </span>8<span class=\"_ _29d\"> </span>Total <span class=\"_ _e6\"> </span>10<span class=\"_ _29d\"> </span>8<span class=\"_ _29d\"> </span>Los <span class=\"_ _0\"></span>honorarios <span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>servicios <span class=\"_ _bf\"></span>de a<span class=\"_ _0\"></span>uditor\u00eda <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>grupo <span class=\"_ _bf\"></span>Axess <span class=\"_ _0\"></span>son <span class=\"_ _0\"></span>contra<span class=\"_ _0\"></span>tados <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>RSM, <span class=\"_ _0\"></span>a <span class=\"_ _bf\"></span>31 de<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>diciembre <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>2022 los honorarios deven<span class=\"_ _0\"></span>gados desde la adquisi<span class=\"_ _0\"></span>ci\u00f3n del grupo ascienden<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>a 15 miles de euros<span class=\"_ _0\"></span>.  Adiciona<span class=\"_ _0\"></span>lmente, <span class=\"_ _1\"></span>para las empresas que consoli<span class=\"_ _0\"></span>dan mediante el m\u00e9todo de la participaci\u00f3n, sus auditores es<span class=\"_ _0\"></span> EY en el caso de TEN y <span class=\"_ _0\"></span>KPMG en el caso de Hisdesa<span class=\"_ _0\"></span>t y Argo.  33<span class=\"ff3\"> <span class=\"_ _bc\"></span><span class=\"ff7\">Be<span class=\"_ _1\"></span>neficio po<span class=\"_ _1\"></span>r acci\u00f3n<span class=\"_ _1\"></span> </span></span>Los Beneficios po<span class=\"_ _0\"></span>r acci\u00f3n correspondientes a los<span class=\"_ _0\"></span> ejercicios 2022 y 2021 s<span class=\"_ _0\"></span>on los siguientes:    <span class=\"_ _1dd\"> </span>2022<span class=\"_ _29d\"> </span>2021<span class=\"_ _29d\"> </span>Beneficio neto (miles de euros) <span class=\"_ _1de\"> </span>664.731<span class=\"_ _29d\"> </span>680.627<span class=\"_ _29d\"> </span>N\u00famero de acciones (acciones) <span class=\"_ _72\"> </span>541.080.000<span class=\"_ _29d\"> </span>541.080.000<span class=\"_ _29d\"> </span>N\u00famero medio de acciones propias en c<span class=\"_ _1\"></span>artera (acciones) <span class=\"_ _1df\"> </span>1.771.832<span class=\"_ _29d\"> </span>2.050.819<span class=\"_ _29d\"> </span>Beneficio b\u00e1s<span class=\"_ _1\"></span>ico por acci\u00f3n (euros) <span class=\"_ _4c\"> </span>1,23<span class=\"_ _29d\"> </span>1,26<span class=\"_ _29d\"> </span>Beneficio diluido p<span class=\"_ _1\"></span>or acci\u00f3n (euros) <span class=\"_ _1be\"> </span>1,23<span class=\"_ _29d\"> </span>1,26<span class=\"_ _29d\"> </span>A <span class=\"_ _c4\"></span>31 <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>diciembre <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>2022 <span class=\"_ _c4\"></span>y <span class=\"_ _c4\"></span>2021 <span class=\"_ _1\"></span>en <span class=\"_ _c4\"></span>el <span class=\"_ _c4\"></span>Grupo <span class=\"_ _c4\"></span>no <span class=\"_ _c4\"></span>existen <span class=\"_ _1\"></span>operaciones <span class=\"_ _c4\"></span>que <span class=\"_ _1\"></span>diferencien <span class=\"_ _c4\"></span>el <span class=\"_ _c4\"></span>Beneficio <span class=\"_ _1\"></span>b\u00e1sico por acci\u00f3n del Beneficio<span class=\"_ _0\"></span> diluido por acci\u00f3n.<span class=\"_ _0\"></span>  34<span class=\"ff3\"> <span class=\"_ _be\"></span><span class=\"ff7\">Pa<span class=\"_ _1\"></span>gos basados<span class=\"_ _1\"></span> en accion<span class=\"_ _1\"></span>es </span></span>Los pagos<span class=\"_ _0\"></span> basados <span class=\"_ _0\"></span>en accio<span class=\"_ _0\"></span>nes a d<span class=\"_ _0\"></span>irectivos y e<span class=\"_ _0\"></span>mpleado<span class=\"_ _0\"></span>s a 31 de<span class=\"_ _0\"></span> diciemb<span class=\"_ _0\"></span>re de <span class=\"_ _0\"></span>2022 y 2021<span class=\"_ _0\"></span> son <span class=\"_ _0\"></span>los sigu<span class=\"_ _0\"></span>ien-<span class=\"_ _29d\"> </span>tes:  2022 <span class=\"_ _1e0\"> </span>2021 Precio Importe en Precio Importe en N\u00famero de N\u00famero de medio miles de medio miles de acciones<span class=\"_ _29d\"> </span>acciones<span class=\"_ _29d\"> </span>(euros)<span class=\"_ _29d\"> </span>euros<span class=\"_ _29d\"> </span>(euros)<span class=\"_ _29d\"> </span>euros<span class=\"_ _29d\"> </span>Directivos de primer nivel <span class=\"_ _180\"> </span>6.9<span class=\"_ _1\"></span>01<span class=\"_ _29d\"> </span>17,74<span class=\"_ _29d\"> </span>122<span class=\"_ _29d\"> </span>6.671<span class=\"_ _29d\"> </span>18,00<span class=\"_ _29d\"> </span>120<span class=\"_ _29d\"> </span>Empleados <span class=\"_ _1e1\"> </span>296.632<span class=\"_ _29d\"> </span>17,74<span class=\"_ _29d\"> </span>5.261<span class=\"_ _29d\"> </span>274.625<span class=\"_ _29d\"> </span>18,00<span class=\"_ _29d\"> </span>4.943<span class=\"_ _29d\"> </span>Total <span class=\"_ _156\"> </span>303.533<span class=\"_ _29d\"> </span>17,74<span class=\"_ _29d\"> </span>5.383<span class=\"_ _29d\"> </span>281.296<span class=\"_ _29d\"> </span>18,00<span class=\"_ _29d\"> </span>5.063<span class=\"_ _29d\"> </span>Estos pagos<span class=\"_ _0\"></span> co<span class=\"_ _0\"></span>rresponden a<span class=\"_ _0\"></span>l pago <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>empleados <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>as\u00ed <span class=\"_ _0\"></span>lo hayan<span class=\"_ _0\"></span> solicitad<span class=\"_ _0\"></span>o con <span class=\"_ _0\"></span>cargo <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>salario d<span class=\"_ _0\"></span>el e<span class=\"_ _0\"></span>jercicio, no existiendo ning\u00fan<span class=\"_ _0\"></span> activo o pasivo asociado<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>al <span class=\"_ _0\"></span>mencionado pago  El <span class=\"_ _1\"></span>precio <span class=\"_ _c4\"></span>al <span class=\"_ _c4\"></span>que <span class=\"_ _c4\"></span>se <span class=\"_ _1\"></span>han <span class=\"_ _1\"></span>valorado <span class=\"_ _c4\"></span>estas <span class=\"_ _c4\"></span>acciones<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>es <span class=\"_ _c4\"></span>el <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>cotizaci\u00f3n <span class=\"_ _1\"></span>en <span class=\"_ _c4\"></span>el <span class=\"_ _1\"></span>d\u00eda <span class=\"_ _c4\"></span>que <span class=\"_ _c4\"></span>\u00e9stas <span class=\"_ _1\"></span>fueron <span class=\"_ _c4\"></span>entregadas<span class=\"_ _0\"></span>. Todas es<span class=\"_ _0\"></span>tas entregas <span class=\"_ _0\"></span>se han <span class=\"_ _0\"></span>realizado en<span class=\"_ _0\"></span> virtud <span class=\"_ _0\"></span>de las au<span class=\"_ _0\"></span>torizaciones <span class=\"_ _0\"></span>ot<span class=\"_ _1\"></span>orga<span class=\"_ _0\"></span>das en Junta<span class=\"_ _0\"></span> General <span class=\"_ _0\"></span>de Accio-<span class=\"_ _29d\"> </span>nistas <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>Sociedad <span class=\"_ _1\"></span>matriz <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>gasto <span class=\"_ _c4\"></span>derivado<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>este <span class=\"_ _1\"></span>plan <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>registra <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>ep\u00edgrafe <span class=\"_ _1\"></span>G<span class=\"_ _1\"></span>astos<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>Personal de la Cuenta de resultad<span class=\"_ _0\"></span>os consolidada.<span class=\"_ _29d\"> </span>35<span class=\"ff3\"> <span class=\"_ _bd\"></span><span class=\"ff7\">Hechos po<span class=\"_ _1\"></span>steriores a <span class=\"_ _1\"></span>31 de di<span class=\"_ _1\"></span>ciembre d<span class=\"_ _1\"></span>e 2022 </span></span>Con posteri<span class=\"_ _0\"></span>oridad a l<span class=\"_ _0\"></span>a fecha <span class=\"_ _0\"></span>de cierre<span class=\"_ _0\"></span> de las<span class=\"_ _0\"></span> presentes <span class=\"_ _0\"></span>Cuentas Anuale<span class=\"_ _0\"></span>s Consoli<span class=\"_ _0\"></span>dadas, concretamen<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>e <span class=\"_ _0\"></span>el 24<span class=\"_ _0\"></span> de <span class=\"_ _c4\"></span>enero, <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>Sociedad <span class=\"_ _c4\"></span>matriz <span class=\"_ _c4\"></span>ha <span class=\"_ _c4\"></span>emitido <span class=\"_ _c4\"></span>obligaciones <span class=\"_ _c4\"></span>perpetuas <span class=\"_ _c4\"></span>subordinadas, <span class=\"_ _1\"></span>que <span class=\"_ _c4\"></span>tienen <span class=\"_ _c4\"></span>la <span class=\"_ _c8\"></span>conside<span class=\"_ _0\"></span>raci\u00f3n de <span class=\"_ _0\"></span>emisi\u00f3n <span class=\"_ _bf\"></span>ver<span class=\"_ _1\"></span>de<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>por <span class=\"_ _bf\"></span>un <span class=\"_ _0\"></span>importe <span class=\"_ _0\"></span>total <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>500 <span class=\"_ _0\"></span>millones <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>euros <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>estruc<span class=\"_ _0\"></span>turadas <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>\u00fanico<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>tramo. <span class=\"_ _0\"></span>El <span class=\"_ _bf\"></span>importe nominal <span class=\"_ _bf\"></span>unitario <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>cada<span class=\"_ _0\"></span> <span class=\"_ _bf\"></span>una <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>las <span class=\"_ _bf\"></span>Obligaciones <span class=\"_ _bf\"></span>es <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>100.000 <span class=\"_ _bf\"></span>euros <span class=\"_ _bf\"></span>y <span class=\"_ _0\"></span>se <span class=\"_ _bf\"></span>han <span class=\"_ _bf\"></span>emitido <span class=\"_ _bf\"></span>a <span class=\"_ _0\"></span>un<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>precio <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>99,67% sobre su valor nominal.<span class=\"_ _0\"></span>   Las Obligacio<span class=\"_ _0\"></span>nes devengan intereses<span class=\"_ _0\"></span> con base e<span class=\"_ _0\"></span>n un cup\u00f3n fijo<span class=\"_ _0\"></span> anual del <span class=\"_ _0\"></span>4,625 % (con<span class=\"_ _0\"></span> una TIR del 4,70<span class=\"_ _0\"></span>%), desde el 7 de febrero de 202<span class=\"_ _0\"></span>3 <span class=\"_ _1\"></span>hasta el 7 de agosto de 2028 y con poste<span class=\"_ _0\"></span>rioridad un inter\u00e9s igual al tipo swap<span class=\"_ _0\"></span> a 5 a\u00f1os aplicable<span class=\"_ _0\"></span> m\u00e1s un margen.  El <span class=\"_ _c2\"></span>emisor <span class=\"_ _c5\"></span>tendr\u00e1 <span class=\"_ _c2\"></span>la <span class=\"_ _c2\"></span>opci\u00f3n <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>diferir <span class=\"_ _c2\"></span>los <span class=\"_ _c2\"></span>pagos <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>intereses <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>las <span class=\"_ _c2\"></span>obligaciones, <span class=\"_ _c2\"></span>sin <span class=\"_ _c2\"></span>que <span class=\"_ _c5\"></span>ello <span class=\"_ _c2\"></span>suponga <span class=\"_ _c2\"></span>un supuesto de in<span class=\"_ _0\"></span>cumplimiento. El in<span class=\"_ _0\"></span>ter\u00e9s as\u00ed diferid<span class=\"_ _0\"></span>o ser\u00e1 acumu<span class=\"_ _0\"></span>lativo y deb<span class=\"_ _0\"></span>er\u00e1 ser pagado en <span class=\"_ _0\"></span>ciertos supues-<span class=\"_ _29d\"> </span>tos definidos en los<span class=\"_ _0\"></span> t\u00e9rminos y condiciones de las<span class=\"_ _0\"></span> Obligaciones. El <span class=\"_ _c4\"></span>cierre <span class=\"_ _c8\"></span>y <span class=\"_ _c8\"></span>desembolso <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>la <span class=\"_ _c8\"></span>Emisi\u00f3n <span class=\"_ _c8\"></span>han <span class=\"_ _c4\"></span>t<span class=\"_ _1\"></span>en<span class=\"_ _0\"></span>ido <span class=\"_ _c8\"></span>lugar <span class=\"_ _c8\"></span>el <span class=\"_ _c4\"></span>7 <span class=\"_ _c8\"></span>de <span class=\"_ _c4\"></span>febrero <span class=\"_ _c8\"></span>de <span class=\"_ _c4\"></span>2023 <span class=\"_ _c8\"></span>tras <span class=\"_ _c8\"></span>el <span class=\"_ _c8\"></span>cumpli<span class=\"_ _0\"></span>miento <span class=\"_ _c8\"></span>de <span class=\"_ _c4\"></span>las condicione<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>suspensivas<span class=\"_ _0\"></span> habituales de estas ope<span class=\"_ _0\"></span>raciones.  Por <span class=\"_ _1\"></span>otro <span class=\"_ _c4\"></span>lado, <span class=\"_ _1\"></span>el <span class=\"_ _c4\"></span>sat\u00e9lite <span class=\"_ _1\"></span>Amazonas <span class=\"_ _1\"></span>Nexus, <span class=\"_ _1\"></span>ha <span class=\"_ _1\"></span>sido <span class=\"_ _c4\"></span>lanzado <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>\u00e9xito <span class=\"_ _c4\"></span>el pasado <span class=\"_ _c4\"></span>7 <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>febrero. <span class=\"_ _1\"></span>A <span class=\"_ _c4\"></span>la <span class=\"_ _1\"></span>fecha <span class=\"_ _1\"></span>de formulaci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>estas <span class=\"_ _c4\"></span>cuen<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>as <span class=\"_ _1\"></span>anuales <span class=\"_ _c4\"></span>consolidadas, <span class=\"_ _1\"></span>el <span class=\"_ _c4\"></span>sat\u00e9lite <span class=\"_ _c4\"></span>se <span class=\"_ _c4\"></span>encue<span class=\"_ _0\"></span>ntra <span class=\"_ _c4\"></span>completando <span class=\"_ _c4\"></span>su <span class=\"_ _1\"></span>tr\u00e1nsito <span class=\"_ _1\"></span>hacia la posici\u00f3n de la \u00f3rbita<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>ge<span class=\"_ _0\"></span>oestacionaria en la que se ubica<span class=\"_ _0\"></span>r\u00e1, en 61\u00ba Oeste.<span class=\"_ _29d\"> </span>Anexo I: Detal<span class=\"_ _1\"></span>le de <span class=\"_ _1\"></span>participaci<span class=\"_ _1\"></span>ones a 31 de <span class=\"_ _1\"></span>diciembr<span class=\"_ _1\"></span>e de 202<span class=\"_ _1\"></span>2 y 2021 Redeia Detalle de part<span class=\"_ _1\"></span>icipacione<span class=\"_ _1\"></span>s a 31 de diciemb<span class=\"_ _1\"></span>re de 20<span class=\"_ _1\"></span>22 y 2021 - Sociedad <span class=\"_ _1e2\"> </span><span class=\"ff5\">2022 <span class=\"_ _1e3\"> </span>2021 </span> 1 1<span class=\"_ _29d\"> </span>- Domicilio <span class=\"_ _18f\"> </span><span class=\"ff5\">Po<span class=\"_ _1\"></span>rcentaje de pa<span class=\"_ _0\"></span>rticipaci\u00f3n<span class=\"_ _29d\"> </span></span>Porcentaje de partic<span class=\"_ _0\"></span>ipaci\u00f3n<span class=\"_ _29d\"> </span>- Actividad principal<span class=\"_ _0\"></span> <span class=\"_ _1c3\"> </span><span class=\"ff5\">Directa<span class=\"_ _29d\"> </span></span>Indirecta<span class=\"_ _29d\"> </span>Directa<span class=\"_ _29d\"> </span>Indirecta<span class=\"_ _29d\"> </span>Red El\u00e9ctrica Corpora<span class=\"_ _0\"></span>ci\u00f3n S.A.,<span class=\"ff3 fc1\"> sociedad matriz<span class=\"_ _0\"></span>, se constituy\u00f3 en 19<span class=\"_ _0\"></span>85.<span class=\"ff5 fc6\"> <span class=\"_ _5e\"> </span></span>  <span class=\"_ _c\"> </span>  </span>- Paseo Conde de lo<span class=\"_ _0\"></span>s Gaitanes, 177. Alcobenda<span class=\"_ _0\"></span>s. Madrid. (Espa\u00f1a)<span class=\"_ _0\"></span>. - Gesti\u00f3n del grupo e<span class=\"_ _0\"></span>mpresarial, prestaci\u00f3n de<span class=\"_ _0\"></span> servicios de asisten<span class=\"_ _0\"></span>cia o apoyo a las sociedade<span class=\"_ _0\"></span>s participadas y e<span class=\"_ _0\"></span>xplotaci\u00f3n de los inmueble<span class=\"_ _0\"></span>s pro-<span class=\"_ _29d\"> </span>piedad de la Sociedad<span class=\"_ _0\"></span>. A) Sociedades Cons<span class=\"_ _0\"></span>olidadas por el M\u00e9todo de<span class=\"_ _0\"></span> Integraci\u00f3n Global Red El\u00e9ctrica de<span class=\"_ _0\"></span> Esp<span class=\"_ _1\"></span>a\u00f1a, S.A<span class=\"_ _0\"></span>.U. (Red El\u00e9ctrica)<span class=\"_ _0\"></span> <span class=\"_ _e4\"> </span><span class=\"ff3 fc1\"> </span>- Paseo Conde de lo<span class=\"_ _0\"></span>s Gaitanes, 177. Alcobenda<span class=\"_ _0\"></span>s. Madrid. (Espa\u00f1a)<span class=\"_ _0\"></span>. <span class=\"_ _25\"> </span>100%<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>100%<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>- Transporte y ope<span class=\"_ _0\"></span>raci\u00f3n del sistema el\u00e9<span class=\"_ _0\"></span>ctrico Espa\u00f1ol y gesti\u00f3n de<span class=\"_ _0\"></span> la red de transporte. Red El\u00e9ctrica Interna<span class=\"_ _0\"></span>cional, S.A.U. (Redinter)<span class=\"_ _0\"></span> <span class=\"_ _143\"> </span><span class=\"ff3 fc1\"> </span>- Paseo Conde de lo<span class=\"_ _0\"></span>s Gaitanes, 177. Alcobenda<span class=\"_ _0\"></span>s. Madrid. (Espa\u00f1a)<span class=\"_ _0\"></span>. <span class=\"_ _25\"> </span>100%<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>100%<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>- Adquisici\u00f3n y tenen<span class=\"_ _0\"></span>cia de participaciones<span class=\"_ _0\"></span> internacionales. Prestaci<span class=\"_ _0\"></span>\u00f3n de servi-<span class=\"_ _29d\"> </span>cios de consultor\u00eda<span class=\"_ _0\"></span>, ingenier\u00eda y con<span class=\"_ _0\"></span>strucci\u00f3n. Realizaci\u00f3n de activid<span class=\"_ _0\"></span>ades el\u00e9ctri-<span class=\"_ _29d\"> </span>cas fuera del sistema<span class=\"_ _0\"></span> el\u00e9ctrico espa\u00f1ol. Red El\u00e9ctrica Infrae<span class=\"_ _0\"></span>structuras de Telecomun<span class=\"_ _0\"></span>icaci\u00f3n, S.A. (Reinte<span class=\"_ _0\"></span>l) <span class=\"_ _1e4\"> </span><span class=\"ff3 fc1\"> </span>- Paseo Conde de lo<span class=\"_ _0\"></span>s Gaitanes, 177. Alcobenda<span class=\"_ _0\"></span>s. Madrid. (Espa\u00f1a)<span class=\"_ _0\"></span>. <span class=\"_ _1e5\"> </span>51%<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>100%<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>- Prestaci\u00f3n de servi<span class=\"_ _0\"></span>cios de consultor\u00eda,<span class=\"_ _0\"></span> ingenier\u00eda, construcci\u00f3n <span class=\"_ _0\"></span>y de telecomu-<span class=\"_ _29d\"> </span>nicaciones. Red El\u00e9ctrica Infrae<span class=\"_ _0\"></span>structuras en Canarias<span class=\"_ _0\"></span>, S.A.U. <span class=\"_ _a4\"> </span><span class=\"ff3 fc1\"> </span>- Calle Juan de Que<span class=\"_ _0\"></span>sada, 9. Las Palmas<span class=\"_ _0\"></span> de Gran Canaria. (Espa\u00f1<span class=\"_ _0\"></span>a). <span class=\"_ _13e\"> </span>100%<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>100%<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>- Gesti\u00f3n de la <span class=\"_ _0\"></span>construcci\u00f3n de instalaciones de<span class=\"_ _0\"></span> almacenamiento de <span class=\"_ _0\"></span>energ\u00eda y del ciclo del agua. Red El\u00e9ctrica de<span class=\"_ _0\"></span> Esp<span class=\"_ _1\"></span>a\u00f1a F<span class=\"_ _0\"></span>inance, S.L.U. <span class=\"_ _1e6\"> </span><span class=\"ff3 fc1\"> </span>- Paseo Conde de lo<span class=\"_ _0\"></span>s Gaitanes, 177. Alcobenda<span class=\"_ _0\"></span>s. Madrid. (Espa\u00f1a)<span class=\"_ _0\"></span>. <span class=\"_ _25\"> </span>100%<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>100%<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>- Actividades de fina<span class=\"_ _0\"></span>nciaci\u00f3n.  <span class=\"_ _97\"> </span> Red El\u00e9ctrica Financ<span class=\"_ _0\"></span>iaciones, S.A.U. <span class=\"_ _14a\"> </span><span class=\"ff3 fc1\"> </span>- Paseo Conde de lo<span class=\"_ _0\"></span>s Gaitanes, 177. Alcobenda<span class=\"_ _0\"></span>s. Madrid. (Espa\u00f1a)<span class=\"_ _0\"></span>. <span class=\"_ _25\"> </span>100%<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>100%<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>- Actividades de fina<span class=\"_ _0\"></span>nciaci\u00f3n. <span class=\"_ _53\"> </span> Red El\u00e9ctrica Sistemas<span class=\"_ _0\"></span> de Telecomunicaci<span class=\"_ _0\"></span>ones, S.A.U. <span class=\"_ _dd\"> </span><span class=\"ff3 fc1\"> </span>- Paseo Conde de lo<span class=\"_ _0\"></span>s Gaitanes, 177. Alcobenda<span class=\"_ _0\"></span>s. Madrid. (Espa\u00f1a)<span class=\"_ _0\"></span>. <span class=\"_ _25\"> </span>100%<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>100%<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>- Adquisici\u00f3n, tenen<span class=\"_ _0\"></span>cia, administraci\u00f3n, dir<span class=\"_ _0\"></span>ecci\u00f3n y gesti\u00f3n de valore<span class=\"_ _0\"></span>s,  nacionales o e<span class=\"_ _0\"></span>xtr<span class=\"_ _1\"></span>anjeros<span class=\"_ _0\"></span>, representativos de fondo<span class=\"_ _0\"></span>s propios de entidad<span class=\"_ _0\"></span>es. Red El\u00e9ctrica y de <span class=\"_ _0\"></span>T<span class=\"_ _1\"></span>eleco<span class=\"_ _0\"></span>municaciones, Innovaci\u00f3<span class=\"_ _0\"></span>n y Tecnolog\u00eda, S.A.U. (Elewit) - Paseo Conde de lo<span class=\"_ _0\"></span>s Gaitanes, 177. Alcobenda<span class=\"_ _0\"></span>s. Madrid. (Espa\u00f1a)<span class=\"_ _0\"></span>. <span class=\"_ _25\"> </span>100%<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>100%<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>- Actividades orientad<span class=\"_ _0\"></span>as al impulso y acelera<span class=\"_ _0\"></span>ci\u00f3n de la innovaci\u00f3n<span class=\"_ _0\"></span> tecnol\u00f3gica. <span class=\"_ _89\"> </span> Redcor Reaseguros<span class=\"_ _0\"></span>, S.A (Redcor) <span class=\"_ _a9\"> </span><span class=\"ff3 fc1\"> </span>- 26, Rue Louvigny<span class=\"_ _0\"></span>. (Luxemburgo). - Actividades de reaseguro<span class=\"_ _0\"></span>.  Constituida en 2010<span class=\"_ _0\"></span> en Luxemburgo para<span class=\"_ _0\"></span> poder reasegurar los riesgo<span class=\"_ _0\"></span>s de las distintas so<span class=\"_ _0\"></span>ciedades del Grupo, gara<span class=\"_ _0\"></span>ntizando un 100%<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>100%<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>mejor acceso a lo<span class=\"_ _0\"></span>s mercados de reaseguro intern<span class=\"_ _0\"></span>acionales.  Red El\u00e9ctrica Andina<span class=\"_ _0\"></span>, S.A.C. (REA) <span class=\"_ _d8\"> </span><span class=\"ff3 fc1\"> </span>-Av. Javier Prado Este<span class=\"_ _0\"></span> 492 Int. 1001 Urb. Jard<span class=\"_ _0\"></span>\u00edn San Isidro. Lima (Per\u00fa<span class=\"_ _0\"></span>) <span class=\"_ _8d\"> </span>-<span class=\"_ _29d\"> </span>100%(a)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>100%(a)<span class=\"_ _29d\"> </span>- Prestaci\u00f3n de servi<span class=\"_ _0\"></span>cios de mantenimiento de<span class=\"_ _0\"></span> l\u00edneas y subestacione<span class=\"_ _0\"></span>s. <span class=\"_ _1e7\"> </span>- Sociedad <span class=\"_ _d7\"> </span><span class=\"ff5\">2022<span class=\"_ _0\"></span> <span class=\"_ _1e8\"> </span>2021 </span>1<span class=\"_ _29d\"> </span>1<span class=\"_ _29d\"> </span>- Domicilio <span class=\"_ _3d\"> </span><span class=\"ff5\">Porcentaje<span class=\"_ _0\"></span> de participaci\u00f3n </span>Porcentaje de<span class=\"_ _0\"></span> participaci\u00f3n - Actividad principal<span class=\"_ _0\"></span> <span class=\"_ _1e9\"> </span><span class=\"ff5\">Directa <span class=\"_ _5e\"> </span>Indirecta <span class=\"_ _1ea\"> </span>Directa <span class=\"_ _2d\"> </span>Ind<span class=\"_ _0\"></span>irecta </span>Red El\u00e9ctrica de<span class=\"_ _0\"></span>l Sur, S.A. (Redesur) <span class=\"_ _1eb\"> </span><span class=\"ff3 fc1\"> </span>- Av. Javier Prado E<span class=\"_ _0\"></span>ste 492 Int. 1001 Urb<span class=\"_ _0\"></span>. Jard\u00edn San Isidro. Lima (Pe<span class=\"_ _0\"></span>r\u00fa) <span class=\"_ _8d\"> </span>-<span class=\"_ _29d\"> </span>100%(a)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>100%(a)<span class=\"_ _29d\"> </span>- Transporte de en<span class=\"_ _0\"></span>erg\u00eda el\u00e9ctrica y la operaci\u00f3n<span class=\"_ _0\"></span> y mantenimiento de r<span class=\"_ _0\"></span>edes de Transporte de elec<span class=\"_ _0\"></span>tricidad. Transmisora El\u00e9ctrica<span class=\"_ _0\"></span> del Sur , S.A.C. (Tesur)<span class=\"_ _0\"></span> <span class=\"_ _143\"> </span><span class=\"ff3 fc1\"> </span>- Av. Javier Prado E<span class=\"_ _0\"></span>ste 492 Int. 1001 Urb<span class=\"_ _0\"></span>. Jard\u00edn San Isidro. Lima (Pe<span class=\"_ _0\"></span>r\u00fa) <span class=\"_ _8d\"> </span>-<span class=\"_ _29d\"> </span>100%(c)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>100%(c)<span class=\"_ _29d\"> </span>- Transmisi\u00f3n de ene<span class=\"_ _0\"></span>rg\u00eda el\u00e9ctrica y la operac<span class=\"_ _0\"></span>i\u00f3n y mantenimiento d<span class=\"_ _0\"></span>e redes de transmisi\u00f3n de ele<span class=\"_ _0\"></span>ctricidad. Transmisora El\u00e9ctrica<span class=\"_ _0\"></span> del Sur 2 , S.A.C. (<span class=\"_ _0\"></span>T<span class=\"_ _1\"></span>esur 2)<span class=\"_ _0\"></span> <span class=\"_ _1df\"> </span><span class=\"ff3 fc1\"> </span>- Av. Javier Prado E<span class=\"_ _0\"></span>ste 492 Int. 1001 Urb<span class=\"_ _0\"></span>. Jard\u00edn San Isidro. Lima (Pe<span class=\"_ _0\"></span>r\u00fa) <span class=\"_ _8d\"> </span>-<span class=\"_ _29d\"> </span>100%(c)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>100%(c)<span class=\"_ _29d\"> </span>- Transmisi\u00f3n de ene<span class=\"_ _0\"></span>rg\u00eda el\u00e9ctrica y la operac<span class=\"_ _0\"></span>i\u00f3n y mantenimiento d<span class=\"_ _0\"></span>e redes de transmisi\u00f3n de ele<span class=\"_ _0\"></span>ctricidad. Transmisora El\u00e9ctrica<span class=\"_ _0\"></span> del Sur 3 , S.A.C. (<span class=\"_ _0\"></span>T<span class=\"_ _1\"></span>esur 3)<span class=\"_ _0\"></span> <span class=\"_ _1df\"> </span><span class=\"ff3 fc1\"> </span>- Av. Javier Prado E<span class=\"_ _0\"></span>ste 492 Int. 1001 Urb<span class=\"_ _0\"></span>. Jard\u00edn San Isidro. Lima (Pe<span class=\"_ _0\"></span>r\u00fa) <span class=\"_ _8d\"> </span>-<span class=\"_ _29d\"> </span>100%(c)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>100%(c)<span class=\"_ _29d\"> </span>- Transmisi\u00f3n de ene<span class=\"_ _0\"></span>rg\u00eda el\u00e9ctrica y la operac<span class=\"_ _0\"></span>i\u00f3n y mantenimiento d<span class=\"_ _0\"></span>e redes de transmisi\u00f3n de ele<span class=\"_ _0\"></span>ctricidad. Transmisora El\u00e9ctrica<span class=\"_ _0\"></span> del Sur 4 , S.A.C. (<span class=\"_ _0\"></span>T<span class=\"_ _1\"></span>esur 4)<span class=\"_ _0\"></span> <span class=\"_ _1df\"> </span><span class=\"ff3 fc1\"> </span>- Av. Javier Prado E<span class=\"_ _0\"></span>ste 492 Int. 1001 Urb<span class=\"_ _0\"></span>. Jard\u00edn San Isidro. Lima (Pe<span class=\"_ _0\"></span>r\u00fa) <span class=\"_ _8d\"> </span>-<span class=\"_ _29d\"> </span>100%(j)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>100%(j)<span class=\"_ _29d\"> </span>- Transmisi\u00f3n de ene<span class=\"_ _0\"></span>rg\u00eda el\u00e9ctrica y la operac<span class=\"_ _0\"></span>i\u00f3n y mantenimiento d<span class=\"_ _0\"></span>e redes de transmisi\u00f3n de ele<span class=\"_ _0\"></span>ctricidad. Red El\u00e9ctrica de<span class=\"_ _0\"></span>l Norte Per\u00fa, S.A.C. (Redelnor)<span class=\"_ _0\"></span> <span class=\"_ _16f\"> </span><span class=\"ff3 fc1\"> </span>- Av. Javier Prado E<span class=\"_ _0\"></span>ste 492 Int. 1001 Urb<span class=\"_ _0\"></span>. Jard\u00edn San Isidro. Lima (Pe<span class=\"_ _0\"></span>r\u00fa) <span class=\"_ _8d\"> </span>-<span class=\"_ _29d\"> </span>100%(a)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>100%(a)<span class=\"_ _29d\"> </span>- Transmisi\u00f3n de ene<span class=\"_ _0\"></span>rg\u00eda el\u00e9ctrica y la operac<span class=\"_ _0\"></span>i\u00f3n y mantenimiento d<span class=\"_ _0\"></span>e redes de transmisi\u00f3n de ele<span class=\"_ _0\"></span>ctricidad. Concesionaria L\u00ednea <span class=\"_ _0\"></span>de Transmisi\u00f3n CCNCM, S<span class=\"_ _0\"></span>.A.C. (CCNCM) <span class=\"_ _1ec\"> </span><span class=\"ff3 fc1\"> </span>- Av. Javier Prado E<span class=\"_ _0\"></span>ste 492 Int. 1001 Urb<span class=\"_ _0\"></span>. Jard\u00edn San Isidro. Lima (Pe<span class=\"_ _0\"></span>r\u00fa) <span class=\"_ _8d\"> </span>-<span class=\"_ _29d\"> </span>100%(d)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>100%(d)<span class=\"_ _29d\"> </span>- Transmisi\u00f3n de ene<span class=\"_ _0\"></span>rg\u00eda el\u00e9ctrica y la operac<span class=\"_ _0\"></span>i\u00f3n y mantenimiento d<span class=\"_ _0\"></span>e redes de transmisi\u00f3n de ele<span class=\"_ _0\"></span>ctricidad. Red El\u00e9ctrica Chile S.<span class=\"_ _0\"></span>P.A. (Rech) <span class=\"_ _1bc\"> </span><span class=\"ff3 fc1\"> </span>- Isidora Goyeneche<span class=\"_ _0\"></span>a 3000, Oficina 1602 Las<span class=\"_ _0\"></span> Condes, Santiago (Chi<span class=\"_ _0\"></span>le) <span class=\"_ _114\"> </span>-<span class=\"_ _29d\"> </span>100%(a)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>100%(a)<span class=\"_ _29d\"> </span>- Adquisici\u00f3n, tenen<span class=\"_ _0\"></span>cia, administraci\u00f3n, dir<span class=\"_ _0\"></span>ecci\u00f3n y gesti\u00f3n de valore<span class=\"_ _0\"></span>s. <span class=\"_ _37\"> </span>  <span class=\"_ _136\"> </span> <span class=\"_ _1\"></span> <span class=\"_ _117\"> </span>  <span class=\"_ _73\"> </span>  Red El\u00e9ctrica de<span class=\"_ _0\"></span>l Norte S.A. (Redenor)<span class=\"_ _0\"></span> <span class=\"_ _11b\"> </span><span class=\"ff3 fc1\"> </span>- Isidora Goyeneche<span class=\"_ _0\"></span>a 3000, Oficina 1602 Las<span class=\"_ _0\"></span> Condes, Santiago (Chi<span class=\"_ _0\"></span>le) <span class=\"_ _114\"> </span>-<span class=\"_ _29d\"> </span>69,9%(e)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>69,9%(e)<span class=\"_ _29d\"> </span>- Transmisi\u00f3n de ene<span class=\"_ _0\"></span>rg\u00eda el\u00e9ctrica y la operac<span class=\"_ _0\"></span>i\u00f3n y mantenimiento d<span class=\"_ _0\"></span>e redes de transmisi\u00f3n de ele<span class=\"_ _0\"></span>ctricidad. Red El\u00e9ctrica de<span class=\"_ _0\"></span>l Norte 2 S.A. (Redenor 2) <span class=\"_ _1ed\"> </span><span class=\"ff3 fc1\"> </span>- Isidora Goyeneche<span class=\"_ _0\"></span>a 3000, Oficina 1602 Las<span class=\"_ _0\"></span> Condes, Santiago (Chi<span class=\"_ _0\"></span>le) <span class=\"_ _114\"> </span>-<span class=\"_ _29d\"> </span>100%(e)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>100%(e)<span class=\"_ _29d\"> </span>- Transmisi\u00f3n de ene<span class=\"_ _0\"></span>rg\u00eda el\u00e9ctrica y la operac<span class=\"_ _0\"></span>i\u00f3n y mantenimiento d<span class=\"_ _0\"></span>e redes de transmisi\u00f3n de ele<span class=\"_ _0\"></span>ctricidad. Red El\u00e9ctrica Brasi<span class=\"_ _0\"></span>l Holding Ltda. (REB)<span class=\"_ _0\"></span> <span class=\"_ _157\"> </span><span class=\"ff3 fc1\"> </span>- Av. Brigadeiro Faria<span class=\"_ _0\"></span> Lima, N\u00ba 3729, 5\u00ba, 04538<span class=\"_ _0\"></span>-905. S\u00e3o Paulo (Brasil)<span class=\"_ _0\"></span> <span class=\"_ _10b\"> </span> 100%(a)<span class=\"_ _29d\"> </span>100%(a)<span class=\"_ _29d\"> </span>- Adquisici\u00f3n, tenen<span class=\"_ _0\"></span>cia, administraci\u00f3n, dir<span class=\"_ _0\"></span>ecci\u00f3n y gesti\u00f3n de valore<span class=\"_ _0\"></span>s. <span class=\"_ _37\"> </span>  <span class=\"_ _136\"> </span> <span class=\"_ _1\"></span> <span class=\"_ _117\"> </span>  <span class=\"_ _73\"> </span>  Hispasat S.A. <span class=\"_ _9\"> </span><span class=\"ff3 fc1\"> </span>- Calle de Anabel <span class=\"_ _0\"></span>Segura, 11. Alcobend<span class=\"_ _0\"></span>as. Madrid. (Espa\u00f1a). <span class=\"_ _1ee\"> </span>-<span class=\"_ _29d\"> </span>89,68%(f) (g)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>89,68%(f) (g)<span class=\"_ _29d\"> </span>- Sociedad dominante<span class=\"_ _0\"></span> del Subgrupo Hispasat. E<span class=\"_ _0\"></span>xplotaci\u00f3n del sistema de<span class=\"_ _0\"></span> comu-<span class=\"_ _29d\"> </span>nicaciones por sat\u00e9lite<span class=\"_ _0\"></span> y prestaci\u00f3n del servi<span class=\"_ _0\"></span>cio <span class=\"_ _1\"></span>de seg<span class=\"_ _0\"></span>mento espacia<span class=\"_ _0\"></span>l de las po-<span class=\"_ _29d\"> </span>siciones orbitales geo<span class=\"_ _0\"></span>estacionales atribuidas<span class=\"_ _0\"></span> al Estado espa\u00f1ol. Hispasat Canarias,<span class=\"_ _0\"></span> S.L.U. <span class=\"_ _56\"> </span><span class=\"ff3 fc1\"> </span>- Calle Practicante<span class=\"_ _0\"></span> Ignacio Rodriguez s/n Edi<span class=\"_ _0\"></span>ficio Polivalente IV. Las<span class=\"_ _0\"></span> Palmas de -<span class=\"_ _29d\"> </span>89,68%(g)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>89,68%(g)<span class=\"_ _29d\"> </span>Gran Canaria<span class=\"_ _0\"></span> (Espa\u00f1a) - Venta y arrenda<span class=\"_ _0\"></span>miento de sat\u00e9lites as\u00ed como de<span class=\"_ _0\"></span> su capacidad espacial<span class=\"_ _29d\"> </span>. <span class=\"_ _2f\"> </span>- Sociedad <span class=\"_ _d7\"> </span><span class=\"ff5\">2022<span class=\"_ _0\"></span> <span class=\"_ _1e8\"> </span>2021 </span> 1 1<span class=\"_ _29d\"> </span>- Domicilio <span class=\"_ _1db\"> </span><span class=\"ff5\">Porcentaje de participaci\u00f3n</span> <span class=\"_ _1c6\"> </span>Porcentaje de pa<span class=\"_ _0\"></span>rticipaci\u00f3n<span class=\"_ _29d\"> </span>- Actividad principal<span class=\"_ _0\"></span> <span class=\"_ _1e9\"> </span><span class=\"ff5\">Directa <span class=\"_ _5e\"> </span>Indirecta <span class=\"_ _1ea\"> </span>Directa <span class=\"_ _2d\"> </span>Ind<span class=\"_ _0\"></span>irecta </span>Hispasat Brasil, Ltda<span class=\"_ _0\"></span>. <span class=\"_ _3e\"> </span><span class=\"ff3 fc1\"> </span>- Praia do Flamengo,<span class=\"_ _0\"></span> 200 Rio de Jan<span class=\"_ _0\"></span>eiro, (Brasil) <span class=\"_ _a0\"> </span>-<span class=\"_ _29d\"> </span>89,68%(g)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>89,68%(g)<span class=\"_ _29d\"> </span>- Comercializa<span class=\"_ _0\"></span>ci\u00f3n de capacidad de sat\u00e9<span class=\"_ _0\"></span>lite. <span class=\"_ _1d1\"> </span>  <span class=\"_ _136\"> </span>  <span class=\"_ _117\"> </span>  <span class=\"_ _73\"> </span>  Hispamar Sat\u00e9lites<span class=\"_ _0\"></span>, S.A. <span class=\"_ _1a4\"> </span><span class=\"ff3 fc1\"> </span>- Praia do Flamengo,<span class=\"_ _0\"></span> 200 Rio de Jan<span class=\"_ _0\"></span>eiro, (Brasil) <span class=\"_ _a0\"> </span>-<span class=\"_ _29d\"> </span>89,68% (g)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>89,68%(g)<span class=\"_ _29d\"> </span>- Comercializa<span class=\"_ _0\"></span>ci\u00f3n de capacidad de sat\u00e9<span class=\"_ _0\"></span>lite. <span class=\"_ _1d1\"> </span>  <span class=\"_ _136\"> </span>  <span class=\"_ _117\"> </span>  <span class=\"_ _73\"> </span>  Hispamar Exterior,<span class=\"_ _0\"></span> S.L.U. <span class=\"_ _1c3\"> </span><span class=\"ff3 fc1\"> </span>- Paseo de la Cas<span class=\"_ _0\"></span>tellana 39, 28046 Madrid<span class=\"_ _0\"></span> (Espa\u00f1a). <span class=\"_ _1b4\"> </span>-<span class=\"_ _29d\"> </span>89,68% (g)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>89,68%(g)<span class=\"_ _29d\"> </span>- Comercializa<span class=\"_ _0\"></span>ci\u00f3n de capacidad de sat\u00e9<span class=\"_ _0\"></span>lite. <span class=\"_ _1d1\"> </span>  <span class=\"_ _136\"> </span>  <span class=\"_ _117\"> </span>  <span class=\"_ _73\"> </span>  Hispasat de M\u00e9xico<span class=\"_ _0\"></span>, S.A. de C.V. <span class=\"_ _147\"> </span><span class=\"ff3 fc1\"> </span>- Agust\u00edn Manuel Ch\u00e1<span class=\"_ _0\"></span>vez 1-001 Col. Centro de<span class=\"_ _0\"></span> Ciudad Santa Fe, M<span class=\"_ _0\"></span>\u00e9xico D.F. -<span class=\"_ _29d\"> </span>89,68% (g)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>89,68%(g)<span class=\"_ _29d\"> </span>(M\u00e9xico) - Uso del espectro radio<span class=\"_ _0\"></span>el\u00e9ctrico, red<span class=\"_ _0\"></span>es <span class=\"_ _1\"></span>de teleco<span class=\"_ _0\"></span>municaciones y comu<span class=\"_ _0\"></span>nicaci\u00f3n v\u00eda sat\u00e9lite. Consultek Inc. <span class=\"_ _1f0\"> </span><span class=\"ff3 fc1\"> </span>- 1036 Country Club<span class=\"_ _0\"></span> Drive, Suite 202, Moraga<span class=\"_ _0\"></span>, CA 94556. (Estado<span class=\"_ _0\"></span>s Unidos de -<span class=\"_ _29d\"> </span>89,68% (g)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>89,68%(g)<span class=\"_ _29d\"> </span>Am\u00e9rica) -Servicios de consul<span class=\"_ _0\"></span>tor\u00eda t\u00e9cnica. <span class=\"_ _95\"> </span>  <span class=\"_ _136\"> </span> <span class=\"_ _1\"></span> <span class=\"_ _117\"> </span>  <span class=\"_ _73\"> </span>  Hispamar Sat\u00e9lites<span class=\"_ _0\"></span>, S.A. (Venezuela) <span class=\"_ _1f1\"> </span><span class=\"ff3 fc1\"> </span>- Torre Phelps, piso<span class=\"_ _0\"></span> 10 ofic. 10, Caracas (Ven<span class=\"_ _0\"></span>ezuela) <span class=\"_ _1b4\"> </span>-<span class=\"_ _29d\"> </span>89,68% (g)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>89,68% (g)<span class=\"_ _29d\"> </span>-Comercializaci\u00f3n<span class=\"_ _0\"></span> y prestaci\u00f3n de servi<span class=\"_ _0\"></span>ci<span class=\"_ _1\"></span>os de tele<span class=\"_ _0\"></span>comunicaciones v\u00eda <span class=\"_ _0\"></span>sat\u00e9lite. <span class=\"_ _ca\"> </span>  <span class=\"_ _1ef\"> </span>  <span class=\"_ _117\"> </span>  <span class=\"_ _73\"> </span>  Hispasat UK, LTD. <span class=\"_ _131\"> </span><span class=\"ff3 fc1\"> </span>30 Finsbury Square<span class=\"_ _0\"></span>, Londres. (Inglaterra<span class=\"_ _0\"></span>) <span class=\"_ _1f2\"> </span>-<span class=\"_ _29d\"> </span>89,68% (g)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>89,68% (g)<span class=\"_ _29d\"> </span>-Comercializaci\u00f3n<span class=\"_ _0\"></span> y prestaci\u00f3n de servi<span class=\"_ _0\"></span>ci<span class=\"_ _1\"></span>os de tele<span class=\"_ _0\"></span>comunicaciones v\u00eda <span class=\"_ _0\"></span>sat\u00e9lite. <span class=\"_ _ca\"> </span>  <span class=\"_ _1ef\"> </span>  <span class=\"_ _117\"> </span>  <span class=\"_ _73\"> </span>  Hispasat Per\u00fa, S.A.C.<span class=\"_ _0\"></span> <span class=\"_ _3e\"> </span><span class=\"ff3 fc1\"> </span>Jr. Baca Flor N\u00b0 307,<span class=\"_ _0\"></span> Dpto. N\u00b0 701, distrito de <span class=\"_ _0\"></span>Magdalena del Mar.<span class=\"_ _0\"></span> Lima (Per\u00fa) <span class=\"_ _1f3\"> </span>-<span class=\"_ _29d\"> </span>89,68% (g)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>89,68% (g)<span class=\"_ _29d\"> </span>-Comercializaci\u00f3n<span class=\"_ _0\"></span> y prestaci\u00f3n de servi<span class=\"_ _0\"></span>ci<span class=\"_ _1\"></span>os de tele<span class=\"_ _0\"></span>comunicaciones v\u00eda <span class=\"_ _0\"></span>sat\u00e9lite. <span class=\"_ _ca\"> </span>  <span class=\"_ _1ef\"> </span>  <span class=\"_ _117\"> </span>  <span class=\"_ _73\"> </span>  Axess Network<span class=\"_ _0\"></span>s Solutions, S.L. <span class=\"_ _165\"> </span><span class=\"ff3 fc1\"> </span>Calle Beethoven 15<span class=\"_ _0\"></span>, 2\u00ba 1\u00aa, 08021 Barcelona, (E<span class=\"_ _0\"></span>spa\u00f1a) <span class=\"_ _144\"> </span>-<span class=\"_ _29d\"> </span>89,68%(g) (h)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>- Actividad de ges<span class=\"_ _0\"></span>ti\u00f3n y administraci\u00f3n de valo<span class=\"_ _0\"></span>res representativos<span class=\"_ _0\"></span> de los fondos propios de entidad<span class=\"_ _0\"></span>es no residentes en territorio e<span class=\"_ _0\"></span>spa\u00f1ol. Axess Network<span class=\"_ _0\"></span>s Solutions Arabia Saudita, S.L<span class=\"_ _0\"></span> <span class=\"_ _1f4\"> </span><span class=\"ff3 fc1\"> </span>Calle Beethoven 15<span class=\"_ _0\"></span>, 2\u00ba 1\u00aa, 08021 Barcelona, (E<span class=\"_ _0\"></span>spa\u00f1a) <span class=\"_ _144\"> </span>-<span class=\"_ _29d\"> </span>89,68%(g) (h)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>- Actividad de ges<span class=\"_ _0\"></span>ti\u00f3n y administraci\u00f3n de valo<span class=\"_ _0\"></span>res representativos<span class=\"_ _0\"></span> de los fondos propios de entidad<span class=\"_ _0\"></span>es no residentes en territorio e<span class=\"_ _0\"></span>spa\u00f1ol. Axess Network<span class=\"_ _0\"></span>s Solutions Holding Germany, GmbH<span class=\"_ _0\"></span> <span class=\"_ _142\"> </span><span class=\"ff3 fc1\"> </span>Falkenweg 1, 5380<span class=\"_ _0\"></span>9, Ruppichteroth, (Alemania)<span class=\"_ _0\"></span> <span class=\"_ _64\"> </span>-<span class=\"_ _29d\"> </span>89,68%(g) (h)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>- Adquisici\u00f3n, tenen<span class=\"_ _0\"></span>cia y gesti\u00f3n de inver<span class=\"_ _0\"></span>siones en empresas activas vin<span class=\"_ _0\"></span>culadas en el campo de la <span class=\"_ _0\"></span>tecnolog\u00eda de telecomuni<span class=\"_ _0\"></span>caciones. Axess Network<span class=\"_ _0\"></span>s Solutions Germany, GmbH<span class=\"_ _0\"></span> <span class=\"_ _a8\"> </span><span class=\"ff3 fc1\"> </span>Falkenweg 1, 5380<span class=\"_ _0\"></span>9, Ruppichteroth, (Alemania)<span class=\"_ _0\"></span> <span class=\"_ _64\"> </span>-<span class=\"_ _29d\"> </span>89,68%(g) (h)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>- Prestaci\u00f3n de Servi<span class=\"_ _0\"></span>cios de Telecomunicacione<span class=\"_ _0\"></span>s. <span class=\"_ _112\"> </span>  <span class=\"_ _1ef\"> </span>  <span class=\"_ _117\"> </span>  <span class=\"_ _73\"> </span>  Axess Network<span class=\"_ _0\"></span>s Solutions UK Ltd <span class=\"_ _1f5\"> </span><span class=\"ff3 fc1\"> </span>2nd Floor, 168 Shored<span class=\"_ _0\"></span>itch High Stree<span class=\"_ _0\"></span>t, E1 6RA, Londres, (Reino Uni<span class=\"_ _0\"></span>do) <span class=\"_ _1f6\"> </span>-<span class=\"_ _29d\"> </span>89,68%(g) (h)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>- Prestaci\u00f3n de Servi<span class=\"_ _0\"></span>cios de Telecomunicacione<span class=\"_ _0\"></span>s. - Sociedad <span class=\"_ _1ae\"> </span><span class=\"ff5\">2022 <span class=\"_ _1e8\"> </span>2021 </span> 1  1<span class=\"_ _29d\"> </span>- Domicilio <span class=\"_ _91\"> </span><span class=\"ff5\">Porcentaje de partic<span class=\"_ _0\"></span>ipaci\u00f3n<span class=\"_ _29d\"> </span></span>Porcentaje de<span class=\"_ _0\"></span> participaci\u00f3n<span class=\"_ _29d\"> </span>- Actividad principal<span class=\"_ _0\"></span> <span class=\"_ _1e9\"> </span><span class=\"ff5\">Directa <span class=\"_ _3\"> </span>Indirecta <span class=\"_ _2d\"> </span>Directa <span class=\"_ _6f\"> </span>In<span class=\"_ _1\"></span>directa </span>Axess Network<span class=\"_ _0\"></span>s Solutions Colombia S.A.S.<span class=\"_ _0\"></span> <span class=\"_ _1f7\"> </span><span class=\"ff3 fc1\"> </span>Carrera 7 No<span class=\"_ _0\"></span>. 71-52 Torre B Oficina. 501 en la ciud<span class=\"_ _0\"></span>ad de Bogot\u00e1 D.C<span class=\"_ _0\"></span>., departa-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>89,68%(g) (h)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>mento de Cundina<span class=\"_ _0\"></span>marca, (Colombia). - Prestaci\u00f3n de Servi<span class=\"_ _0\"></span>cios de Telecomunicacione<span class=\"_ _0\"></span>s. <span class=\"_ _1f8\"> </span>  <span class=\"_ _1f9\"> </span>  <span class=\"_ _fe\"> </span>  <span class=\"_ _fc\"> </span>  Axess Network<span class=\"_ _0\"></span>s Cyprus LTD <span class=\"_ _1fa\"> </span><span class=\"ff3 fc1\"> </span>Ethnikis Antistaseos, 23<span class=\"_ _0\"></span>, Flat/Office 303, 3025, Lli<span class=\"_ _0\"></span>masol, (Chipre) <span class=\"_ _1fb\"> </span>-<span class=\"_ _29d\"> </span>89,68%(g) (h)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>- Prestaci\u00f3n de Servi<span class=\"_ _0\"></span>cios de Telecomunicacione<span class=\"_ _0\"></span>s. <span class=\"_ _1f8\"> </span>  <span class=\"_ _1f9\"> </span>  <span class=\"_ _fe\"> </span>  <span class=\"_ _fc\"> </span>  Axess Network<span class=\"_ _0\"></span>s Solutions Ecuador S.A. <span class=\"_ _7f\"> </span><span class=\"ff3 fc1\"> </span>Avenida de los Shyris <span class=\"_ _0\"></span>E9-38 y B\u00e9lgica Edifi<span class=\"_ _0\"></span>cio Shyrus Cetury, Pi<span class=\"_ _0\"></span>so 7 Quito, -<span class=\"_ _29d\"> </span>89,68%(g) (h)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>(Ecuador) - Prestaci\u00f3n de Servi<span class=\"_ _0\"></span>cios de Telecomunicacione<span class=\"_ _0\"></span>s. <span class=\"_ _1f8\"> </span>  <span class=\"_ _1f9\"> </span>  <span class=\"_ _fe\"> </span>  <span class=\"_ _fc\"> </span>  Axess Network<span class=\"_ _0\"></span>s Solutions Per\u00fa S.A.C <span class=\"_ _11b\"> </span><span class=\"ff3 fc1\"> </span>Av. Alfredo Benavide<span class=\"_ _0\"></span>s Nro. 1555 Dpto. 301 \u2013 Urb<span class=\"_ _0\"></span>. San Antonio \u2013 Mir<span class=\"_ _0\"></span>aflores \u2013 -<span class=\"_ _29d\"> </span>89,68%(g) (h)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>Lima. (Per\u00fa) - Prestaci\u00f3n de Servi<span class=\"_ _0\"></span>cios de Telecomunicacione<span class=\"_ _0\"></span>s. <span class=\"_ _1f8\"> </span>  <span class=\"_ _1f9\"> </span>  <span class=\"_ _fe\"> </span>  <span class=\"_ _fc\"> </span>  Ingux, S.A. <span class=\"_ _1fc\"> </span><span class=\"ff3 fc1\"> </span>Ocean Bussines <span class=\"_ _0\"></span>Plaza, Piso 23, Oficina 32-0<span class=\"_ _0\"></span>2, Calle Aquilino de la Gu<span class=\"_ _0\"></span>ardia,  -<span class=\"_ _29d\"> </span>89,68%(g) (h)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>Ciudad de Panam\u00e1<span class=\"_ _0\"></span>, (Panam\u00e1) - Prestaci\u00f3n de Servi<span class=\"_ _0\"></span>cios de Telecomunicacione<span class=\"_ _0\"></span>s. <span class=\"_ _1f8\"> </span>  <span class=\"_ _1f9\"> </span>  <span class=\"_ _fe\"> </span>  <span class=\"_ _fc\"> </span>  Axess Network<span class=\"_ _0\"></span>s Solutions Chile S.A. <span class=\"_ _1fd\"> </span><span class=\"ff3 fc1\"> </span>Isidora Goyeneche<span class=\"_ _0\"></span>a 3365, Piso 9, Comuna<span class=\"_ _0\"></span> de Las Condes, Santiago<span class=\"_ _0\"></span> de Chile. -<span class=\"_ _29d\"> </span>89,68%(g) (h)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>(Chile) - Prestaci\u00f3n de Servi<span class=\"_ _0\"></span>cios de Telecomunicacione<span class=\"_ _0\"></span>s. <span class=\"_ _1f8\"> </span>  <span class=\"_ _1f9\"> </span>  <span class=\"_ _fe\"> </span>  <span class=\"_ _fc\"> </span>  Axess Network<span class=\"_ _0\"></span>s Solutions M\u00e9xico S.A de C.<span class=\"_ _0\"></span>V <span class=\"_ _e1\"> </span><span class=\"ff3 fc1\"> </span>Av. Paseo de la Reforma<span class=\"_ _0\"></span> 26, Piso 16, Col. Ju\u00e1re<span class=\"_ _0\"></span>z, C.P. 06600 Del.  -<span class=\"_ _29d\"> </span>89,68%(g) (h)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>Cuauht\u00e9moc, Ciudad<span class=\"_ _0\"></span> de M\u00e9xico. (M\u00e9xico)<span class=\"_ _0\"></span> - Prestaci\u00f3n de Servi<span class=\"_ _0\"></span>cios de Telecomunicacione<span class=\"_ _0\"></span>s. <span class=\"_ _1f8\"> </span>  <span class=\"_ _1f9\"> </span>  <span class=\"_ _fe\"> </span>  <span class=\"_ _fc\"> </span>  Axesat Mobility S.A de C<span class=\"_ _0\"></span>.V <span class=\"_ _1fe\"> </span><span class=\"ff3 fc1\"> </span>Av. Paseo de la Reforma<span class=\"_ _0\"></span> 26, Piso 16, Col. Ju\u00e1re<span class=\"_ _0\"></span>z, C.P. 06600 Del.  -<span class=\"_ _29d\"> </span>89,68%(g) (h)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>Cuauht\u00e9moc, Ciudad<span class=\"_ _0\"></span> de M\u00e9xico. (M\u00e9xico)<span class=\"_ _0\"></span> Prestaci\u00f3n de Ser<span class=\"_ _0\"></span>vicios de Telecomunica<span class=\"_ _0\"></span>ciones. <span class=\"_ _a2\"> </span>  <span class=\"_ _1f9\"> </span>  <span class=\"_ _fe\"> </span>  <span class=\"_ _fc\"> </span>  HPS Corporativo <span class=\"_ _0\"></span>S. de R.L de C.V <span class=\"_ _156\"> </span><span class=\"ff3 fc1\"> </span>Mariano Escobedo<span class=\"_ _0\"></span> No. 353-B, Interior 3A, Co<span class=\"_ _0\"></span>l. Polanco V Secci\u00f3n, D<span class=\"_ _0\"></span>el. Miguel -<span class=\"_ _29d\"> </span>89,68%(g) (h)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>Hidalgo, CP 11560, Ciud<span class=\"_ _0\"></span>ad de M\u00e9xico. (M\u00e9xico)<span class=\"_ _0\"></span> Prestaci\u00f3n de Ser<span class=\"_ _0\"></span>vicios de Telecomunica<span class=\"_ _0\"></span>ciones. <span class=\"_ _a2\"> </span>  <span class=\"_ _1f9\"> </span>  <span class=\"_ _fe\"> </span>  <span class=\"_ _fc\"> </span>  B) Sociedades cons<span class=\"_ _0\"></span>olidadas por el M\u00e9todo de<span class=\"_ _0\"></span> Integraci\u00f3n Proporcional<span class=\"_ _0\"></span> Interconexi\u00f3n El\u00e9ctr<span class=\"_ _0\"></span>ica Francia-Espa\u00f1a, S.A.S.<span class=\"_ _0\"></span> (Inelfe) <span class=\"_ _1ff\"> </span><span class=\"ff3 fc1\"> </span>- Inmueble Window, 7<span class=\"_ _0\"></span> C Place du D\u00f4me. Paris<span class=\"_ _0\"></span>. (Francia) <span class=\"_ _200\"> </span>-<span class=\"_ _29d\"> </span>50%(b)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>50%(b)<span class=\"_ _29d\"> </span>- Estudio y ejecu<span class=\"_ _0\"></span>ci\u00f3n de Interconexiones el\u00e9<span class=\"_ _0\"></span>ctricas entre Espa\u00f1a y<span class=\"_ _0\"></span> Francia. <span class=\"_ _1ea\"> </span>  <span class=\"_ _1f9\"> </span>  <span class=\"_ _fe\"> </span>  <span class=\"_ _fc\"> </span> <span class=\"_ _1\"></span> C) Sociedades cons<span class=\"_ _0\"></span>olidadas por el M\u00e9todo de<span class=\"_ _0\"></span> la Participaci\u00f3n Transmisora El\u00e9ctrica<span class=\"_ _0\"></span> del Norte S.A. (TEN) <span class=\"_ _95\"> </span><span class=\"ff3 fc1\"> </span>- Avenida Apoquindo N<span class=\"_ _0\"></span>\u00b03721, piso 6, Las Conde<span class=\"_ _0\"></span>s, Santiago (Chile) <span class=\"_ _201\"> </span>-<span class=\"_ _29d\"> </span>50%(e)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>50%(e)<span class=\"_ _29d\"> </span>- Transporte de en<span class=\"_ _0\"></span>erg\u00eda el\u00e9ctrica y la operaci\u00f3n<span class=\"_ _0\"></span> y mantenimiento de r<span class=\"_ _0\"></span>edes de Transmisi\u00f3n de elec<span class=\"_ _0\"></span>tricidad. Argo Energ\u00eda Empree<span class=\"_ _0\"></span>ndimentos y Participa\u00e7\u00f5es<span class=\"_ _0\"></span> S.A. <span class=\"_ _1d1\"> </span><span class=\"ff3 fc1\"> </span>- Calle Tabapu\u00e3, 84<span class=\"_ _0\"></span>1 \u2013 5\u00ba andar \u2013 Itaim Bib<span class=\"_ _0\"></span>i \u2013 S\u00e3o Paulo/SP (Brasil)<span class=\"_ _0\"></span> <span class=\"_ _202\"> </span>-<span class=\"_ _29d\"> </span>50% (i) (k)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>50% (i) (k)<span class=\"_ _29d\"> </span>- Adquisici\u00f3n, tenen<span class=\"_ _0\"></span>cia, administraci\u00f3n, dir<span class=\"_ _0\"></span>ecci\u00f3n y gesti\u00f3n de valore<span class=\"_ _0\"></span>s. <span class=\"_ _14\"> </span>  <span class=\"_ _1f9\"> </span>  <span class=\"_ _fe\"> </span>  <span class=\"_ _fc\"> </span>  Argo Transmiss\u00e3o de<span class=\"_ _0\"></span> Energia S.A. (Argo I) <span class=\"_ _95\"> </span><span class=\"ff3 fc1\"> </span>- Calle Tabapu\u00e3, 84<span class=\"_ _0\"></span>1 \u2013 5\u00ba andar \u2013 Itaim Bib<span class=\"_ _0\"></span>i \u2013 S\u00e3o Paulo/SP (Brasil)<span class=\"_ _0\"></span> <span class=\"_ _202\"> </span>-<span class=\"_ _29d\"> </span>50% (k)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>50% (k)<span class=\"_ _29d\"> </span>- Transmisi\u00f3n de ene<span class=\"_ _0\"></span>rg\u00eda el\u00e9ctrica y la operac<span class=\"_ _0\"></span>i\u00f3n y mantenimiento d<span class=\"_ _0\"></span>e redes de Transmisi\u00f3n de elec<span class=\"_ _0\"></span>tricidad. - Sociedad <span class=\"_ _d7\"> </span><span class=\"ff5\">2022<span class=\"_ _0\"></span> <span class=\"_ _1e8\"> </span>2021 </span>1<span class=\"_ _29d\"> </span>1<span class=\"_ _29d\"> </span>- Domicilio <span class=\"_ _3d\"> </span><span class=\"ff5\">Porcentaje<span class=\"_ _0\"></span> de participaci\u00f3n </span>Porcentaje de<span class=\"_ _0\"></span> participaci\u00f3n - Actividad principal<span class=\"_ _0\"></span> <span class=\"_ _203\"> </span><span class=\"ff5\">Directa<span class=\"_ _29d\"> </span></span>Indirecta<span class=\"_ _29d\"> </span>Directa<span class=\"_ _29d\"> </span>Indirecta<span class=\"_ _29d\"> </span>Argo II Transmiss\u00e3o<span class=\"_ _0\"></span> de Energia S.A. (Argo II)<span class=\"_ _0\"></span> <span class=\"_ _204\"> </span><span class=\"ff3 fc1\"> </span>- Calle Tabapu\u00e3, 84<span class=\"_ _0\"></span>1 \u2013 5\u00ba andar \u2013 Itaim Bib<span class=\"_ _0\"></span>i \u2013 S\u00e3o Paulo/SP (Brasil)<span class=\"_ _0\"></span> <span class=\"_ _1ab\"> </span>-<span class=\"_ _29d\"> </span>50% (k)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>50% (k)<span class=\"_ _29d\"> </span>- Transmisi\u00f3n de ene<span class=\"_ _0\"></span>rg\u00eda el\u00e9ctrica y la operac<span class=\"_ _0\"></span>i\u00f3n y mantenimiento d<span class=\"_ _0\"></span>e redes de transmisi\u00f3n de ele<span class=\"_ _0\"></span>ctricidad. Argo III T Transmiss\u00e3o<span class=\"_ _0\"></span> de Energia S.A. (Argo III)<span class=\"_ _0\"></span> <span class=\"_ _133\"> </span><span class=\"ff3 fc1\"> </span>- Calle Tabapu\u00e3, 84<span class=\"_ _0\"></span>1 \u2013 5\u00ba andar \u2013 Itaim Bib<span class=\"_ _0\"></span>i \u2013 S\u00e3o Paulo/SP (Brasil)<span class=\"_ _0\"></span> <span class=\"_ _1ab\"> </span>-<span class=\"_ _29d\"> </span>50% (k)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>50% (k)<span class=\"_ _29d\"> </span>- Transmisi\u00f3n de ene<span class=\"_ _0\"></span>rg\u00eda el\u00e9ctrica y la operac<span class=\"_ _0\"></span>i\u00f3n y mantenimiento d<span class=\"_ _0\"></span>e redes de transmisi\u00f3n de ele<span class=\"_ _0\"></span>ctricidad. Argo IV Transmiss\u00e3o<span class=\"_ _0\"></span> de Energia S.A. (Argo I<span class=\"_ _0\"></span>V) <span class=\"_ _205\"> </span><span class=\"ff3 fc1\"> </span>- Calle Tabapu\u00e3, 84<span class=\"_ _0\"></span>1 \u2013 5\u00ba andar \u2013 Itaim Bib<span class=\"_ _0\"></span>i \u2013 S\u00e3o Paulo/SP (Brasil)<span class=\"_ _0\"></span> <span class=\"_ _1ab\"> </span>-<span class=\"_ _29d\"> </span>50% (k)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>50% (k)<span class=\"_ _29d\"> </span>- Transmisi\u00f3n de ene<span class=\"_ _0\"></span>rg\u00eda el\u00e9ctrica y la operac<span class=\"_ _0\"></span>i\u00f3n y mantenimiento d<span class=\"_ _0\"></span>e redes de Transmisi\u00f3n de elec<span class=\"_ _0\"></span>tricidad. Argeb Energia Empreen<span class=\"_ _0\"></span>dimentos e Participa\u00e7\u00f5es<span class=\"_ _0\"></span> S.A. (Argeb) <span class=\"_ _145\"> </span><span class=\"ff3 fc1\"> </span>- Calle Tabapu\u00e3, 84<span class=\"_ _0\"></span>1 \u2013 5\u00ba andar \u2013 Itaim Bib<span class=\"_ _0\"></span>i \u2013 S\u00e3o Paulo/SP (Brasil)<span class=\"_ _0\"></span> <span class=\"_ _1ab\"> </span>-<span class=\"_ _29d\"> </span>31,25% (k)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>- Adquisici\u00f3n, tenen<span class=\"_ _0\"></span>cia, administraci\u00f3n, dir<span class=\"_ _0\"></span>ecci\u00f3n y gesti\u00f3n de valore<span class=\"_ _0\"></span>s. <span class=\"_ _37\"> </span>  <span class=\"_ _136\"> </span> <span class=\"_ _1\"></span> <span class=\"_ _117\"> </span>  <span class=\"_ _73\"> </span>  Argo V Transmiss\u00e3<span class=\"_ _0\"></span>o de Energia S.A. (Argo V) <span class=\"_ _206\"> </span><span class=\"ff3 fc1\"> </span>- Calle Tabapu\u00e3, 84<span class=\"_ _0\"></span>1 \u2013 5\u00ba andar \u2013 Itaim Bib<span class=\"_ _0\"></span>i \u2013 S\u00e3o Paulo/SP (Brasil)<span class=\"_ _0\"></span> <span class=\"_ _1ab\"> </span>-<span class=\"_ _29d\"> </span>31,25% (k)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>- Transmisi\u00f3n de ene<span class=\"_ _0\"></span>rg\u00eda el\u00e9ctrica y la operac<span class=\"_ _0\"></span>i\u00f3n y mantenimiento d<span class=\"_ _0\"></span>e redes de Transmisi\u00f3n de elec<span class=\"_ _0\"></span>tricidad. Argo VI Transmiss\u00e3o<span class=\"_ _0\"></span> de Energia S.A. (Argo V<span class=\"_ _0\"></span>I) <span class=\"_ _205\"> </span><span class=\"ff3 fc1\"> </span>- Calle Tabapu\u00e3, 84<span class=\"_ _0\"></span>1 \u2013 5\u00ba andar \u2013 Itaim Bib<span class=\"_ _0\"></span>i \u2013 S\u00e3o Paulo/SP (Brasil)<span class=\"_ _0\"></span> <span class=\"_ _1ab\"> </span>-<span class=\"_ _29d\"> </span>31,25% (k)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>- Transmisi\u00f3n de ene<span class=\"_ _0\"></span>rg\u00eda el\u00e9ctrica y la operac<span class=\"_ _0\"></span>i\u00f3n y mantenimiento d<span class=\"_ _0\"></span>e redes de Transmisi\u00f3n de elec<span class=\"_ _0\"></span>tricidad. Transmissora Jos\u00e9 Mar<span class=\"_ _0\"></span>ia de Macedo de E<span class=\"_ _0\"></span>letricidade S.A. (Argo <span class=\"_ _0\"></span>VII) <span class=\"_ _13c\"> </span><span class=\"ff3 fc1\"> </span>- Calle Tabapu\u00e3, 84<span class=\"_ _0\"></span>1 \u2013 5\u00ba andar \u2013 Itaim Bib<span class=\"_ _0\"></span>i \u2013 S\u00e3o Paulo/SP (Brasil)<span class=\"_ _0\"></span> <span class=\"_ _1ab\"> </span>-<span class=\"_ _29d\"> </span>31,25% (k)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>- Transmisi\u00f3n de ene<span class=\"_ _0\"></span>rg\u00eda el\u00e9ctrica y la operac<span class=\"_ _0\"></span>i\u00f3n y mantenimiento d<span class=\"_ _0\"></span>e redes de transmisi\u00f3n de ele<span class=\"_ _0\"></span>ctricidad. Giovanni Sanguinetti<span class=\"_ _0\"></span> Transmissora de Energia <span class=\"_ _0\"></span>S.A.  (Argo VIII) <span class=\"_ _1e8\"> </span><span class=\"ff3 fc1\"> </span>- Calle Tabapu\u00e3, 84<span class=\"_ _0\"></span>1 \u2013 5\u00ba andar \u2013 Itaim Bib<span class=\"_ _0\"></span>i \u2013 S\u00e3o Paulo/SP (Brasil)<span class=\"_ _0\"></span> <span class=\"_ _1ab\"> </span>-<span class=\"_ _29d\"> </span>31,25% (k)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>- Transmisi\u00f3n de ene<span class=\"_ _0\"></span>rg\u00eda el\u00e9ctrica y la operac<span class=\"_ _0\"></span>i\u00f3n y mantenimiento d<span class=\"_ _0\"></span>e redes de transmisi\u00f3n de ele<span class=\"_ _0\"></span>ctricidad. Argo IX Transmiss\u00e3o<span class=\"_ _0\"></span> de Energia S.A. (Argo I<span class=\"_ _0\"></span>X) <span class=\"_ _205\"> </span><span class=\"ff3 fc1\"> </span>- Calle Tabapu\u00e3, 84<span class=\"_ _0\"></span>1 \u2013 5\u00ba andar \u2013 Itaim Bib<span class=\"_ _0\"></span>i \u2013 S\u00e3o Paulo/SP (Brasil)<span class=\"_ _0\"></span> <span class=\"_ _1ab\"> </span>-<span class=\"_ _29d\"> </span>31,25% (k)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>- Transmisi\u00f3n de ene<span class=\"_ _0\"></span>rg\u00eda el\u00e9ctrica y la operac<span class=\"_ _0\"></span>i\u00f3n y mantenimiento d<span class=\"_ _0\"></span>e redes de transmisi\u00f3n de ele<span class=\"_ _0\"></span>ctricidad. Hisdesat Servicios<span class=\"_ _0\"></span> Estrat\u00e9gicos, S.A. <span class=\"_ _207\"> </span><span class=\"ff3 fc1\"> </span>- Paseo de la Cas<span class=\"_ _0\"></span>tellana 143, 28046<span class=\"_ _0\"></span> Madrid (Espa\u00f1a) <span class=\"_ _a4\"> </span>-<span class=\"_ _29d\"> </span>38,56%(g) -<span class=\"_ _29d\"> </span>38,56%(g) - Comercializa<span class=\"_ _0\"></span>ci\u00f3n de sistemas espaciales de apli<span class=\"_ _0\"></span>caci\u00f3n gubername<span class=\"_ _0\"></span>ntal. <span class=\"_ _5\"> </span>  <span class=\"_ _136\"> </span>  <span class=\"_ _117\"> </span>  <span class=\"_ _73\"> </span>  Grupo de Navegaci<span class=\"_ _0\"></span>\u00f3n Sistemas y Servicios, S<span class=\"_ _0\"></span>.L.<span class=\"ff3 fc1\"> </span> <span class=\"_ _1df\"> </span><span class=\"ff3 fc1\"> </span>- Calle Isaac Newton 1<span class=\"_ _0\"></span>, Madrid (Espa\u00f1a) <span class=\"_ _27\"> </span>-<span class=\"_ _29d\"> </span>12,82%(g)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>12,82%(g)<span class=\"_ _29d\"> </span>- Explotaci\u00f3n de si<span class=\"_ _0\"></span>st<span class=\"_ _1\"></span>emas<span class=\"_ _0\"></span> de sat\u00e9lites. <span class=\"_ _208\"> </span>  <span class=\"_ _136\"> </span> <span class=\"_ _1\"></span> <span class=\"_ _117\"> </span>  <span class=\"_ _73\"> </span>  Axess Saudi Arabia<span class=\"_ _0\"></span>n Telecommunications Company<span class=\"_ _0\"></span>  <span class=\"_ _1ce\"> </span><span class=\"ff3 fc1\"> </span>2870 Tariq Ibn Ziad -<span class=\"_ _0\"></span> Qurtubah Dist. Unit No. 28<span class=\"_ _0\"></span>, Al Khobar 34234 - <span class=\"_ _0\"></span>7097,  -<span class=\"_ _29d\"> </span>43,94%(g) (h)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>(Arabia Saud\u00ed) - Prestaci\u00f3n de Servi<span class=\"_ _0\"></span>cios de Telecomunicacione<span class=\"_ _0\"></span>s. <span class=\"_ _112\"> </span>  <span class=\"_ _1ef\"> </span>  <span class=\"_ _117\"> </span>  <span class=\"_ _73\"> </span>  Grupo Sylvestris, <span class=\"_ _0\"></span>S.L. <span class=\"_ _209\"> </span><span class=\"ff3 fc1\"> </span>Paseo de la Ermita del<span class=\"_ _0\"></span> Santo 5, 28011<span class=\"_ _0\"></span> Madrid (Espa\u00f1a) <span class=\"_ _146\"> </span>-<span class=\"_ _29d\"> </span>9,73%(g)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>- Reforestaci\u00f3n de<span class=\"_ _0\"></span> terrenos. <span class=\"_ _20a\"> </span>- Sociedad <span class=\"_ _124\"> </span><span class=\"ff5\">2022 <span class=\"_ _20b\"> </span>2021 </span>Porcentaje de<span class=\"_ _0\"></span> Porcentaje de  - Domicilio (1)<span class=\"_ _29d\"> </span>(1) participaci\u00f3n participaci\u00f3n - Actividad principal<span class=\"_ _0\"></span> <span class=\"_ _20c\"> </span><span class=\"ff5\">Directa<span class=\"_ _29d\"> </span></span>Indirecta<span class=\"_ _29d\"> </span>Directa<span class=\"_ _29d\"> </span>Indirecta<span class=\"_ _29d\"> </span>2<span class=\"_ _29d\"> </span>Zeleros Global, S.L<span class=\"_ _0\"></span>.<span class=\"_ _29d\"> </span>- Muelle de la aduana <span class=\"_ _0\"></span>s/n, Edificio Lan<span class=\"_ _0\"></span>zadera, 46024, Valencia. (Esp<span class=\"_ _0\"></span>a\u00f1a) <span class=\"_ _1ca\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>5,91%(l)<span class=\"_ _29d\"> </span>- Investigaci\u00f3n y de<span class=\"_ _0\"></span>sarrollo de nuevas<span class=\"_ _0\"></span> tecnolog\u00edas aplicadas al<span class=\"_ _0\"></span> sector del transporte. <span class=\"_ _f0\"> </span>  <span class=\"_ _35\"> </span>  <span class=\"_ _19\"> </span>  <span class=\"_ _4a\"> </span> <span class=\"_ _1\"></span> Okto Grid ApS<span class=\"_ _0\"></span> <span class=\"_ _20e\"> </span><span class=\"ff3 fc1\"> </span>Gammel Kongevej 11,<span class=\"_ _0\"></span> 5. 1610 K\u00f8be<span class=\"_ _0\"></span>nhavn V, (Dinamarca) <span class=\"_ _1df\"> </span>-<span class=\"_ _29d\"> </span>13,07%(l)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>- Soluciones de medi<span class=\"_ _0\"></span>ci\u00f3n para la industria de<span class=\"_ _0\"></span> energ\u00eda. <span class=\"_ _e3\"> </span>  <span class=\"_ _35\"> </span>  <span class=\"_ _19\"> </span>  <span class=\"_ _1c8\"> </span>  Nearby Computin<span class=\"_ _0\"></span>g, S.L. <span class=\"_ _43\"> </span><span class=\"ff3 fc1\"> </span>- Travessera de Gr\u00e0<span class=\"_ _0\"></span>cia 18, 3r, 3a, 080<span class=\"_ _0\"></span>21 Barcelona. (Espa\u00f1a) <span class=\"_ _180\"> </span>-<span class=\"_ _29d\"> </span>11,71%(l)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>11,71%(l)<span class=\"_ _29d\"> </span>- Desarrollo de sof<span class=\"_ _0\"></span>tware y/o aplicaciones infor<span class=\"_ _0\"></span>m\u00e1ticas. <span class=\"_ _64\"> </span> Hybrid Energy Stora<span class=\"_ _0\"></span>ge Solutions, S.L.  <span class=\"_ _1bc\"> </span><span class=\"ff3 fc1\"> </span>- Av. Benjam\u00edn Fran<span class=\"_ _0\"></span>klin, 12, M\u00f3d. N\u00ba24, 46980 Patern<span class=\"_ _0\"></span>a, Valencia. (Espa\u00f1a<span class=\"_ _0\"></span>) <span class=\"_ _20f\"> </span>-<span class=\"_ _29d\"> </span>19,61%(l)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>19,61%(l)<span class=\"_ _29d\"> </span>- Dise\u00f1o, producci\u00f3n<span class=\"_ _0\"></span> y venta de so<span class=\"_ _0\"></span>luciones tecnol\u00f3gicas de al<span class=\"_ _0\"></span>macenamiento de energ<span class=\"_ _0\"></span>\u00eda para la nueva genera<span class=\"_ _0\"></span>ci\u00f3n de redes el\u00e9ctri<span class=\"_ _0\"></span>cas.   Aerolaser System,<span class=\"_ _0\"></span> S.L.<span class=\"ff3 fs5 fc0\"> </span> <span class=\"_ _210\"> </span><span class=\"ff3 fc1\"> </span>- Av. Jos\u00e9 Mesa<span class=\"_ _0\"></span> y L\u00f3pez, 45, L. D4, 35010 Las Pa<span class=\"_ _0\"></span>lmas de Gran Canaria. (E<span class=\"_ _0\"></span>spa\u00f1a) <span class=\"_ _211\"> </span>-<span class=\"_ _29d\"> </span>15,79%(l)<span class=\"_ _29d\"> </span>-<span class=\"_ _29d\"> </span>15,79%(l)<span class=\"_ _29d\"> </span>- Desarrollo y comercia<span class=\"_ _0\"></span>lizaci\u00f3n de solucion<span class=\"_ _0\"></span>es tecnol\u00f3gicas en el cam<span class=\"_ _0\"></span>po de la sens\u00f3-<span class=\"_ _29d\"> </span>rica para tecnolog\u00eda<span class=\"_ _0\"></span> geoespacial.   1 Equivalent<span class=\"_ _1\"></span>e a derechos de vo<span class=\"_ _1\"></span>to. 2 La sociedad <span class=\"_ _1\"></span>ha salido del <span class=\"_ _1\"></span>per\u00edmetro d<span class=\"_ _1\"></span>e consolidaci\u00f3n <span class=\"_ _1\"></span>en 2022 (ver <span class=\"_ _1\"></span>nota 2.g).<span class=\"_ _1\"></span> (a) Participaci\u00f3n<span class=\"_ _1\"></span> a trav\u00e9s de R<span class=\"_ _1\"></span>ed El\u00e9ctrica In<span class=\"_ _1\"></span>ternacional S<span class=\"_ _1\"></span>.A.U. (b) Participaci\u00f3n<span class=\"_ _1\"></span> a trav\u00e9s de R<span class=\"_ _1\"></span>ed El\u00e9ctrica d<span class=\"_ _1\"></span>e Espa\u00f1a S.A.U<span class=\"_ _1\"></span>. (c) Participaci\u00f3n <span class=\"_ _1\"></span>a trav\u00e9s de R<span class=\"_ _1\"></span>ed El\u00e9ctr<span class=\"_ _1\"></span>ica del Sur, S.A.<span class=\"_ _1\"></span> (d) Participaci\u00f3n<span class=\"_ _1\"></span> a trav\u00e9s de R<span class=\"_ _1\"></span>ed El\u00e9ctrica d<span class=\"_ _1\"></span>el Norte Per\u00fa, S<span class=\"_ _1\"></span>.A.C. (e) Participaci\u00f3n<span class=\"_ _1\"></span> a trav\u00e9s de R<span class=\"_ _1\"></span>ed El\u00e9ctrica C<span class=\"_ _1\"></span>hile SpA. (f) Participaci\u00f3n <span class=\"_ _1\"></span>a trav\u00e9s de Red<span class=\"_ _1\"></span> El\u00e9ctri<span class=\"_ _1\"></span>ca Sistemas d<span class=\"_ _1\"></span>e Telecomunicaci<span class=\"_ _1\"></span>ones, S.A.U<span class=\"_ _1\"></span>. (g)  Sociedad <span class=\"_ _1\"></span>perteneciente al<span class=\"_ _1\"></span> Subgrupo Hisp<span class=\"_ _1\"></span>asat cuya ma<span class=\"_ _1\"></span>triz es Hispas<span class=\"_ _1\"></span>at, S.A. (h) Sociedad per<span class=\"_ _1\"></span>teneciente al S<span class=\"_ _1\"></span>ubgrupo Axes<span class=\"_ _1\"></span>s cuya matriz <span class=\"_ _1\"></span>es Axess N<span class=\"_ _1\"></span>etworks Soluti<span class=\"_ _1\"></span>ons, S.L. (i) Participaci\u00f3n <span class=\"_ _1\"></span>a trav\u00e9s de R<span class=\"_ _1\"></span>ed El\u00e9ctrica Br<span class=\"_ _1\"></span>asil Holding Ltda<span class=\"_ _1\"></span>. (j) Participaci\u00f3n <span class=\"_ _1\"></span>a trav\u00e9s de R<span class=\"_ _1\"></span>ed El\u00e9ctrica d<span class=\"_ _1\"></span>el Sur, S.A. y Re<span class=\"_ _1\"></span>d El\u00e9ctrica I<span class=\"_ _1\"></span>nternacional S<span class=\"_ _1\"></span>.A.U. (k)  Sociedad p<span class=\"_ _1\"></span>erteneciente al S<span class=\"_ _1\"></span>ubgrup<span class=\"_ _1\"></span>o Argo cuya matriz<span class=\"_ _1\"></span> es Argo Energ<span class=\"_ _1\"></span>\u00eda Empreendim<span class=\"_ _1\"></span>entos y Partici<span class=\"_ _1\"></span>pa\u00e7\u00f5es. S.A.<span class=\"_ _1\"></span> (l) Participaci\u00f3n <span class=\"_ _1\"></span>a trav\u00e9s de R<span class=\"_ _1\"></span>ed El\u00e9ctrica y <span class=\"_ _1\"></span>de Telecomunica<span class=\"_ _1\"></span>ciones, Innov<span class=\"_ _1\"></span>aci\u00f3n y Tecnol<span class=\"_ _1\"></span>og\u00eda, S.A.U<span class=\"_ _29d\"> </span>.",
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   "value": "1  Actividades de las Sociedades del Grupo Red El\u00e9ctrica Corporaci\u00f3n, S.A. (en adelante la Sociedad matriz o la Sociedad) es la Sociedad dominante de un Grupo formado por sociedades dependientes. Asimismo, el Grupo participa en operaciones conjuntas con otros operadores. La Sociedad matriz y sus sociedades dependientes componen Redeia (en adelante Grupo o Redeia). La Sociedad tiene su domicilio social y fiscal en Paseo del Conde de los Gaitanes, 177, Alcobendas (Madrid), y tiene sus acciones admitidas a cotizaci\u00f3n en el mercado continuo espa\u00f1ol formando parte del selectivo IBEX-35.   La actividad del Grupo se centra en tres segmentos principales:     Gesti\u00f3n y operaci\u00f3n de infraestructuras el\u00e9ctricas nacionales: que incluye el transporte de energ\u00eda el\u00e9ctrica, la operaci\u00f3n del sistema y la gesti\u00f3n de la red de transporte en el sistema el\u00e9ctrico espa\u00f1ol. Estas actividades reguladas se desarrollan a trav\u00e9s de Red El\u00e9ctrica de Espa\u00f1a S.A.U. (en adelante Red El\u00e9ctrica).     Gesti\u00f3n y operaci\u00f3n de infraestructuras el\u00e9ctricas internacionales: actividades de transporte de energ\u00eda el\u00e9ctrica desarrolladas fuera de Espa\u00f1a a trav\u00e9s de Red El\u00e9ctrica Internacional S.A.U. y sus participadas (en adelante Redinter).      Telecomunicaciones (sat\u00e9lites y fibra \u00f3ptica): Asimismo, el Grupo presta servicios de telecomunica- ciones a terceros a trav\u00e9s del Subgrupo Hispasat (en adelante Hispasat) mediante la operaci\u00f3n de in- fraestructuras satelitales y a trav\u00e9s de Red El\u00e9ctrica Infraestructuras de Telecomunicaci\u00f3n S.A.U. (en adelante Reintel), fundamentalmente mediante el alquiler de fibra oscura troncal.  Asimismo, el Grupo realiza actividades orientadas al impulso y aceleraci\u00f3n de la innovaci\u00f3n tecnol\u00f3gica a trav\u00e9s de su filial Red El\u00e9ctrica y de Telecomunicaciones, Innovaci\u00f3n y Tecnolog\u00eda S.A.U. (Elewit).  Adicionalmente, el Grupo desarrolla, a trav\u00e9s de sus sociedades dependientes, actividades encaminadas a facilitar la financiaci\u00f3n de sus actividades y la cobertura de riesgos mediante el reaseguro de sus activos y actividades. Tambi\u00e9n lleva a cabo actividades de desarrollo y construcci\u00f3n de infraestructuras e instalaciones el\u00e9ctricas a trav\u00e9s de sus entidades dependientes y/o participadas, Red El\u00e9ctrica Infraestructuras en Cana- rias, S.A.U. e Interconexi\u00f3n El\u00e9ctrica Francia-Espa\u00f1a, S.A.S. (Inelfe).   En el Anexo I se detallan las actividades y domicilio social tanto de la Sociedad matriz como de las sociedades dependientes, as\u00ed como la participaci\u00f3n, tanto directa como indirecta, que la Sociedad matriz posee de las sociedades dependientes. Ver cambios en Anexo I.  2  Bases de presentaci\u00f3n de las cuentas anuales consolidadas  a)  Informaci\u00f3n general  Las cuentas anuales consolidadas han sido formuladas por los Administradores de la Sociedad matriz de forma que muestran la imagen fiel del Patrimonio consolidado y de la situaci\u00f3n financiera consolidada de la Sociedad y sociedades dependientes a 31 de diciembre de 2022 y del rendimiento financiero consolidado, de sus flujos de efectivo consolidados y de los cambios en el Patrimonio neto consolidado correspondientes al ejercicio anual terminado en dicha fecha. Estas cuentas anuales consolidadas, formuladas por los Administradores de la Sociedad en reuni\u00f3n del Con- sejo de Administraci\u00f3n celebrada el d\u00eda 27 de febrero de 2023, se han preparado a partir de los registros individuales de la Sociedad y del resto de sociedades integradas en el Grupo que, junto con la Sociedad, componen Redeia (Anexo I). Cada sociedad prepara sus cuentas anuales siguiendo los principios y criterios contables en vigor en el pa\u00eds en el que realiza las operaciones, por lo que en el proceso de consolidaci\u00f3n se han  introducido  los  ajustes  y  reclasificaciones  necesarios  para  homogeneizar  entre  s\u00ed  tales  principios  y criterios para adecuarlos a las Normas Internacionales de Informaci\u00f3n Financiera adoptadas por la Uni\u00f3n Europea (NIIF-UE). Asimismo, se modifican las pol\u00edticas contables de las sociedades consolidadas, cuando es necesario, para asegurar su uniformidad con las pol\u00edticas contables adoptadas por la Sociedad.  Las cuentas anuales consolidadas correspondientes al ejercicio 2021 fueron aprobadas en la Junta General de Accionistas celebrada el 7 de junio de 2022. Las Cuentas anuales consolidadas, correspondientes al ejer- cicio 2022, se encuentran pendientes de aprobaci\u00f3n por la Junta General de Accionistas. No obstante, el Consejo de Administraci\u00f3n de la Sociedad entiende que dichas Cuentas anuales consolidadas ser\u00e1n apro- badas sin modificaci\u00f3n alguna.  Para la preparaci\u00f3n de estas cuentas anuales consolidadas se ha utilizado el enfoque del coste hist\u00f3rico, excepto para los activos financieros valorados a valor razonable con cambios en Otro resultado global, los activos financieros valorados a valor razonable con cambios en resultados, los instrumentos financieros va- lorados a valor razonable con cambios en resultados y para las combinaciones de negocio.  Las citadas cuentas anuales consolidadas est\u00e1n expresadas en miles de euros, redondeadas al millar m\u00e1s cercano, que es la moneda funcional y de presentaci\u00f3n de la Sociedad matriz, y han sido preparadas de acuerdo con lo establecido en las NIIF-UE, y dem\u00e1s disposiciones del marco normativo de informaci\u00f3n finan- ciera que resulta de aplicaci\u00f3n.  No existe ning\u00fan principio contable obligatorio que, siendo su efecto significativo en la elaboraci\u00f3n de las cuentas anuales consolidadas, se haya dejado de aplicar. b)  Nuevas normas NIIF-UE e interpretaciones CINIIF Las cuentas anuales consolidadas se han elaborado de acuerdo con las NIIF-UE y se han tenido en cuenta las normas, modificaciones e interpretaciones adoptadas por la Uni\u00f3n Europea con entrada en vigor el 1 de enero de 2022, no habiendo tenido efectos significativos en las cuentas anuales consolidadas del Grupo:  Efectivo desde  Nuevas modificaciones Modificaci\u00f3n \u201cNIIF 3 Combinaciones de negocios\u201d Referencia al Marco Conceptual Modificaci\u00f3n \u201cNIC 16 Propiedad, planta y equipo\u201d Ingresos obtenidos antes del uso previsto\" 1 de enero de 2022 Modificaci\u00f3n \u201cNIC 37 Provisiones, pasivos y activos contingentes\u201d Contratos onerosos: Coste de cumplir un contrato Mejoras Anuales de las NIIF. Ciclo 2018 \u2013 2020 -  Modificaciones de la NIIF 3 Combinaciones de negocio:  se han incorporado modificaciones menores para actualizar las referencias al Marco Conceptual de las NIIF y aclaraciones al principio de reconoci- miento de pasivos y pasivos contingentes. -  Modificaci\u00f3n a la NIC 16 Propiedad, planta y equipo: mediante esta modificaci\u00f3n se proh\u00edbe deducir del coste de los activos en el alcance de esta norma cualquier ingreso obtenido en la fase previa a su puesta en uso, estos se deber\u00e1n reconocer en el resultado del ejercicio.  -  Modificaci\u00f3n a la NIC 37 Provisiones, pasivos contingentes y activos contingentes: se aclara el concepto de coste de cumplimiento de un contrato para evaluar si un contrato es oneroso. Se deben incluir todos los costes incrementales del contrato como una asignaci\u00f3n de costes directamente relacionados con el cumplimiento de las actividades contractuales.  -  Mejoras anuales ciclo 2018-2020, mediante las que se establecen modificaciones menores a las NIIF 1 Adopci\u00f3n de las NIIF por Primera Vez, NIIF 9 Instrumentos Financieros y NIIF 16 Arrendamientos. La mejora incluida en la NIIF 9 se\u00f1ala que en el test de baja de pasivos financieros deben incluirse solo las comisiones pagadas o recibidas entre el prestatario y el prestamista, o en nombre de estos. Los costes u honorarios pagados a terceros no deben incluirse. ",
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  },
  "fact-2": {
   "value": "La actividad del Grupo se centra en tres segmentos principales:     Gesti\u00f3n y operaci\u00f3n de infraestructuras el\u00e9ctricas nacionales: que incluye el transporte de energ\u00eda el\u00e9ctrica, la operaci\u00f3n del sistema y la gesti\u00f3n de la red de transporte en el sistema el\u00e9ctrico espa\u00f1ol. Estas actividades reguladas se desarrollan a trav\u00e9s de Red El\u00e9ctrica de Espa\u00f1a S.A.U. (en adelante Red El\u00e9ctrica).     Gesti\u00f3n y operaci\u00f3n de infraestructuras el\u00e9ctricas internacionales: actividades de transporte de energ\u00eda el\u00e9ctrica desarrolladas fuera de Espa\u00f1a a trav\u00e9s de Red El\u00e9ctrica Internacional S.A.U. y sus participadas (en adelante Redinter).      Telecomunicaciones (sat\u00e9lites y fibra \u00f3ptica): Asimismo, el Grupo presta servicios de telecomunica- ciones a terceros a trav\u00e9s del Subgrupo Hispasat (en adelante Hispasat) mediante la operaci\u00f3n de in- fraestructuras satelitales y a trav\u00e9s de Red El\u00e9ctrica Infraestructuras de Telecomunicaci\u00f3n S.A.U. (en adelante Reintel), fundamentalmente mediante el alquiler de fibra oscura troncal.  Asimismo, el Grupo realiza actividades orientadas al impulso y aceleraci\u00f3n de la innovaci\u00f3n tecnol\u00f3gica a trav\u00e9s de su filial Red El\u00e9ctrica y de Telecomunicaciones, Innovaci\u00f3n y Tecnolog\u00eda S.A.U. (Elewit).  Adicionalmente, el Grupo desarrolla, a trav\u00e9s de sus sociedades dependientes, actividades encaminadas a facilitar la financiaci\u00f3n de sus actividades y la cobertura de riesgos mediante el reaseguro de sus activos y actividades. Tambi\u00e9n lleva a cabo actividades de desarrollo y construcci\u00f3n de infraestructuras e instalaciones el\u00e9ctricas a trav\u00e9s de sus entidades dependientes y/o participadas, Red El\u00e9ctrica Infraestructuras en Cana- rias, S.A.U. e Interconexi\u00f3n El\u00e9ctrica Francia-Espa\u00f1a, S.A.S. (Inelfe).   En el Anexo I se detallan las actividades y domicilio social tanto de la Sociedad matriz como de las sociedades dependientes, as\u00ed como la participaci\u00f3n, tanto directa como indirecta, que la Sociedad matriz posee de las sociedades dependientes. Ver cambios en Anexo I.  ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-499": {
   "value": "Espa\u00f1a ",
   "dimensions": {
    "concept": "ifrs-full:CountryOfIncorporation",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-483": {
   "value": "<div class=\"t m0 h3d ff7 fsc fc2 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:240.92776px;\">2<span class=\"ff3\"> <span class=\"_ _c6\"> </span></span>Bases de pre<span class=\"_ _1\"></span>senta<span class=\"_ _1\"></span>ci\u00f3n de las c<span class=\"_ _1\"></span>uentas anu<span class=\"_ _1\"></span>ales consoli<span class=\"_ _1\"></span>dadas  </div><div class=\"t m0 he ff5 fs1 fc2 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:196.62378px;\">a) <span class=\"_ _c7\"> </span>Informaci\u00f3n general <span class=\"ff3 fc1\"> </span></div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:173.69174px;\">Las <span class=\"_ _c2\"></span>cuentas <span class=\"_ _c2\"></span>anuale<span class=\"_ _0\"></span>s <span class=\"_ _c2\"></span>consolida<span class=\"_ _0\"></span>das <span class=\"_ _c2\"></span>han <span class=\"_ _c2\"></span>sido <span class=\"_ _c2\"></span>formulad<span class=\"_ _0\"></span>as <span class=\"_ _c2\"></span>por <span class=\"_ _c2\"></span>los <span class=\"_ _c2\"></span>Administrado<span class=\"_ _0\"></span>res <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>la <span class=\"_ _c2\"></span>Socie<span class=\"_ _0\"></span>dad <span class=\"_ _c2\"></span>matriz <span class=\"_ _c2\"></span>de </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:157.31177px;\">forma <span class=\"_ _1\"></span>que muestran <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>imagen f<span class=\"_ _1\"></span>iel del <span class=\"_ _1\"></span>Patrimonio<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>consolidado y <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>situaci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _1\"></span>financiera <span class=\"_ _1\"></span>consolidada de <span class=\"_ _1\"></span>la </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:140.77574px;\">Sociedad <span class=\"_ _c4\"></span>y <span class=\"_ _c4\"></span>sociedades <span class=\"_ _c4\"></span>dependientes <span class=\"_ _c4\"></span>a <span class=\"_ _c4\"></span>31 <span class=\"_ _c2\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>diciembre <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>2022 <span class=\"_ _c4\"></span>y <span class=\"_ _c2\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>r<span class=\"_ _0\"></span>endimiento <span class=\"_ _c4\"></span>financiero <span class=\"_ _c4\"></span>consolidado,<span class=\"_ _0\"></span> </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:124.39575px;\">de sus f<span class=\"_ _1\"></span>lujos<span class=\"_ _0\"></span> de <span class=\"_ _1\"></span>efectivo consolidado<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>y de l<span class=\"_ _1\"></span>os cambio<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>en el Patrimonio neto consolidad<span class=\"_ _0\"></span>o <span class=\"_ _1\"></span>correspondie<span class=\"_ _0\"></span>ntes </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:107.85979px;\">al ejercicio anual te<span class=\"_ _0\"></span>rminado en dicha fecha.<span class=\"_ _0\"></span> </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:84.927765px;\">Estas <span class=\"_ _0\"></span>cuentas <span class=\"_ _0\"></span>anuales<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>consolida<span class=\"_ _0\"></span>das, formula<span class=\"_ _0\"></span>das <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>Administrad<span class=\"_ _0\"></span>ores <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>Sociedad <span class=\"_ _0\"></span>en <span class=\"_ _bf\"></span>reuni\u00f3n del <span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>on-<span class=\"_ _29d\"> </span></div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:68.547775px;\">sejo <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>Ad<span class=\"_ _0\"></span>ministraci\u00f3n <span class=\"_ _c2\"></span>c<span class=\"_ _0\"></span>elebrada <span class=\"_ _c2\"></span>el <span class=\"_ _c2\"></span>d<span class=\"_ _0\"></span>\u00eda <span class=\"_ _c2\"></span>27 <span class=\"_ _c2\"></span>d<span class=\"_ _0\"></span>e <span class=\"_ _c2\"></span>febrero <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>2023, <span class=\"_ _c8\"></span>se <span class=\"_ _c2\"></span>han <span class=\"_ _c8\"></span>preparado <span class=\"_ _c8\"></span>a <span class=\"_ _c8\"></span>partir <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>los <span class=\"_ _c8\"></span>r<span class=\"_ _1\"></span>egistros<span class=\"_ _0\"></span> </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:52.011765px;\">individu<span class=\"_ _0\"></span>ales <span class=\"_ _c2\"></span>de <span class=\"_ _c8\"></span>la <span class=\"_ _c2\"></span>Sociedad <span class=\"_ _c8\"></span>y <span class=\"_ _c8\"></span>del <span class=\"_ _c8\"></span>resto <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>sociedades <span class=\"_ _c8\"></span>integradas <span class=\"_ _c8\"></span>en <span class=\"_ _c2\"></span>el <span class=\"_ _c4\"></span>Gr<span class=\"_ _1\"></span>upo<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>que, <span class=\"_ _c8\"></span>junto <span class=\"_ _c8\"></span>con <span class=\"_ _c2\"></span>la <span class=\"_ _c4\"></span>Sociedad, </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:35.631775px;\">componen Rede<span class=\"_ _0\"></span>ia (Anexo I). Cada socied<span class=\"_ _0\"></span>ad prepara sus cu<span class=\"_ _0\"></span>entas anuales <span class=\"_ _0\"></span>siguiendo los principios <span class=\"_ _0\"></span>y criterios </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:19.251785px;\">contables en vigor e<span class=\"_ _0\"></span>n el pa\u00eds en el qu<span class=\"_ _0\"></span>e realiza las operacion<span class=\"_ _0\"></span>es, por lo que<span class=\"_ _0\"></span> en el proceso de consoli<span class=\"_ _0\"></span>daci\u00f3n se </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:2.7157593px;\">han <span class=\"_ _c9\"> </span>introducido<span class=\"_ _0\"></span> <span class=\"_ _c9\"> </span>los <span class=\"_ _c9\"> </span>ajustes <span class=\"_ _c9\"> </span>y <span class=\"_ _c0\"> </span>r<span class=\"_ _1\"></span>eclasifica<span class=\"_ _0\"></span>ciones <span class=\"_ _c9\"> </span>necesarios <span class=\"_ _c9\"> </span>pa<span class=\"_ _0\"></span>ra <span class=\"_ _c9\"> </span>homogeneizar <span class=\"_ _c0\"> </span>entre <span class=\"_ _c9\"> </span>s\u00ed <span class=\"_ _c9\"> </span>tales <span class=\"_ _c9\"> </span>prin<span class=\"_ _0\"></span>cipios <span class=\"_ _c9\"> </span>y<span class=\"_ _29d\"> </span> </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:868.20325px;\">criterios <span class=\"_ _c2\"></span>para <span class=\"_ _c2\"></span>adecuarlos<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>a <span class=\"_ _c2\"></span>las <span class=\"_ _c2\"></span>Normas <span class=\"_ _c2\"></span>Internacionale<span class=\"_ _0\"></span>s <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>Informaci\u00f3n <span class=\"_ _c8\"></span>Financiera <span class=\"_ _c8\"></span>adoptadas <span class=\"_ _c2\"></span>por <span class=\"_ _c2\"></span>la <span class=\"_ _c2\"></span>Uni\u00f3n </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:851.6673px;\">Europea (NIIF-UE). <span class=\"_ _1\"></span>Asimismo, se <span class=\"_ _1\"></span>modifican<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>pol\u00edticas <span class=\"_ _1\"></span>contables<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>las sociedades consolidadas, cuando </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:835.2873px;\">es necesario, para a<span class=\"_ _0\"></span>segurar su uniformid<span class=\"_ _0\"></span>ad con las pol\u00edticas con<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>ables ad<span class=\"_ _0\"></span>optadas por la Sociedad<span class=\"_ _0\"></span>.  </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:812.3553px;\">Las cuentas anuales consoli<span class=\"_ _0\"></span>dadas correspondientes al ejercicio 2021 fuero<span class=\"_ _0\"></span>n <span class=\"_ _1\"></span>aprobadas<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>en la Junta General<span class=\"_ _0\"></span> </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:795.8193px;\">de <span class=\"_ _0\"></span>Accionistas <span class=\"_ _0\"></span>celebrada <span class=\"_ _0\"></span>el 7<span class=\"_ _0\"></span> de<span class=\"_ _0\"></span> junio<span class=\"_ _0\"></span> de <span class=\"_ _0\"></span>2022. L<span class=\"_ _0\"></span>as <span class=\"_ _0\"></span>Cuentas a<span class=\"_ _0\"></span>nuales <span class=\"_ _0\"></span>consolida<span class=\"_ _0\"></span>das, correspondie<span class=\"_ _0\"></span>ntes al <span class=\"_ _0\"></span>ejer<span class=\"_ _0\"></span>-<span class=\"_ _29d\"> </span></div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:779.4393px;\">cicio <span class=\"_ _c8\"></span>2022, <span class=\"_ _c2\"></span>se <span class=\"_ _c2\"></span>encuentran <span class=\"_ _c8\"></span>pendientes <span class=\"_ _c2\"></span>de <span class=\"_ _c8\"></span>aprobaci\u00f3n <span class=\"_ _c8\"></span>por <span class=\"_ _c2\"></span>la <span class=\"_ _c2\"></span>Junta <span class=\"_ _c8\"></span>G<span class=\"_ _1\"></span>enera<span class=\"_ _0\"></span>l <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>Accionistas. <span class=\"_ _c8\"></span>No <span class=\"_ _c2\"></span>obstante, <span class=\"_ _c8\"></span>el </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:762.90326px;\">Consejo <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>Administraci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>la <span class=\"_ _c4\"></span>Sociedad <span class=\"_ _c4\"></span>entiende <span class=\"_ _c4\"></span>que <span class=\"_ _1\"></span>dichas <span class=\"_ _c4\"></span>Cuentas <span class=\"_ _1\"></span>anuales <span class=\"_ _c4\"></span>consolida<span class=\"_ _0\"></span>das <span class=\"_ _c4\"></span>ser\u00e1n <span class=\"_ _c4\"></span>apro-<span class=\"_ _29d\"> </span></div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:746.52325px;\">badas sin modificaci\u00f3<span class=\"_ _0\"></span>n alguna.  </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:723.59125px;\">Para <span class=\"_ _c8\"></span>la <span class=\"_ _c2\"></span>preparaci\u00f3n <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>estas <span class=\"_ _c8\"></span>cuentas <span class=\"_ _c2\"></span>anuales<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>consolidada<span class=\"_ _0\"></span>s <span class=\"_ _c2\"></span>se <span class=\"_ _c2\"></span>ha <span class=\"_ _c8\"></span>utilizado <span class=\"_ _c8\"></span>el <span class=\"_ _c2\"></span>enfoque <span class=\"_ _c8\"></span>del <span class=\"_ _c8\"></span>coste <span class=\"_ _c8\"></span>hist\u00f3rico, </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:707.21124px;\">excepto <span class=\"_ _c4\"></span>para <span class=\"_ _c4\"></span>los <span class=\"_ _c4\"></span>activos <span class=\"_ _c4\"></span>financieros <span class=\"_ _c4\"></span>valorados <span class=\"_ _1\"></span>a <span class=\"_ _c4\"></span>valor <span class=\"_ _c8\"></span>razonable <span class=\"_ _1\"></span>con <span class=\"_ _c4\"></span>cambios <span class=\"_ _c4\"></span>en <span class=\"_ _c4\"></span>Otro <span class=\"_ _c4\"></span>resultado <span class=\"_ _c4\"></span>global, <span class=\"_ _c4\"></span>los </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:690.6753px;\">activos <span class=\"_ _1\"></span>financieros<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>valorados <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>valor r<span class=\"_ _1\"></span>azonable<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>cambios <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>resultados,<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>instrumentos <span class=\"_ _1\"></span>financieros va-<span class=\"_ _29d\"> </span></div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:674.2952px;\">lorados a valor razonab<span class=\"_ _0\"></span>le con cambios en re<span class=\"_ _0\"></span>sultados y para las<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>combina<span class=\"_ _0\"></span>ciones de negocio.  </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:651.3633px;\">Las <span class=\"_ _1\"></span>cit<span class=\"_ _1\"></span>adas <span class=\"_ _1\"></span>cuentas <span class=\"_ _1\"></span>anuales <span class=\"_ _1\"></span>consolidadas <span class=\"_ _1\"></span>est\u00e1n <span class=\"_ _1\"></span>expresadas <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>miles <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>euros, <span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>edondeada<span class=\"_ _0\"></span>s <span class=\"_ _c4\"></span>al <span class=\"_ _1\"></span>millar <span class=\"_ _c4\"></span>m\u00e1s<span class=\"_ _0\"></span> </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:634.8273px;\">cercano, <span class=\"_ _c8\"></span>que <span class=\"_ _c5\"></span>es <span class=\"_ _c8\"></span>la <span class=\"_ _c2\"></span>moneda <span class=\"_ _c8\"></span>f<span class=\"_ _1\"></span>uncional <span class=\"_ _c8\"></span>y <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>presentaci\u00f3n <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>la <span class=\"_ _c2\"></span>Sociedad <span class=\"_ _c2\"></span>matriz, <span class=\"_ _c2\"></span>y <span class=\"_ _c2\"></span>han <span class=\"_ _c8\"></span>sido <span class=\"_ _c5\"></span>prep<span class=\"_ _0\"></span>aradas <span class=\"_ _c2\"></span>de </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:618.44727px;\">acuerdo <span class=\"_ _0\"></span>con lo<span class=\"_ _0\"></span> es<span class=\"_ _0\"></span>tablecido e<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>las NIIF-UE<span class=\"_ _0\"></span>, y <span class=\"_ _0\"></span>dem\u00e1s <span class=\"_ _0\"></span>disposicion<span class=\"_ _0\"></span>es del<span class=\"_ _0\"></span> marco<span class=\"_ _0\"></span> norma<span class=\"_ _0\"></span>tivo de<span class=\"_ _0\"></span> informac<span class=\"_ _0\"></span>i\u00f3n finan-<span class=\"_ _29d\"> </span></div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:601.91125px;\">ciera que resulta<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>de aplic<span class=\"_ _0\"></span>aci\u00f3n.  </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:578.97925px;\">No <span class=\"_ _c2\"></span>existe <span class=\"_ _c8\"></span>ning\u00fan <span class=\"_ _c2\"></span>principio <span class=\"_ _c8\"></span>contable <span class=\"_ _c2\"></span>obligatorio <span class=\"_ _c8\"></span>que, <span class=\"_ _c5\"></span>siendo<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>su <span class=\"_ _c2\"></span>efecto <span class=\"_ _c2\"></span>significativo <span class=\"_ _c8\"></span>en <span class=\"_ _c2\"></span>la <span class=\"_ _c2\"></span>elaboraci\u00f3n <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>las </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:562.59924px;\">cuentas anuales consolid<span class=\"_ _0\"></span>adas, se haya dejado<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>aplicar. </div><div class=\"t m0 he ff5 fs1 fc2 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:516.7353px;\">b) <span class=\"_ _ca\"> </span>Nuevas normas NI<span class=\"_ _0\"></span>IF-UE e interpretaciones C<span class=\"_ _0\"></span>INIIF </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:493.80328px;\">Las <span class=\"_ _1\"></span>cuentas<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>anuales consolidadas se han <span class=\"_ _1\"></span>elaborado de <span class=\"_ _1\"></span>acuerdo con las NI<span class=\"_ _1\"></span>IF-UE y <span class=\"_ _1\"></span>se han tenido <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>cuenta </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:477.2672px;\">las normas, <span class=\"_ _1\"></span>modificacione<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>e interpretaciones <span class=\"_ _1\"></span>adoptadas<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>por <span class=\"_ _1\"></span>la Uni\u00f3n <span class=\"_ _1\"></span>Europea<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>entrada en <span class=\"_ _1\"></span>vigor el 1 <span class=\"_ _1\"></span>de </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:460.88727px;\">enero de 2022, no habie<span class=\"_ _0\"></span>ndo tenido efectos signifi<span class=\"_ _0\"></span>cativos en las cuentas<span class=\"_ _0\"></span> anuales consolida<span class=\"_ _0\"></span>das del Grupo:  </div><div class=\"t m0 h41 ff5 fs5 fc1 sc0 ls0 ws0\" style=\"left:4.687378px; bottom:410.81128px;\">Efectivo desde <span class=\"_ _9a\"> </span>Nuevas modifica<span class=\"_ _1\"></span>ciones </div><div class=\"t m0 h10 ff3 fs5 fc1 sc0 ls0 ws0\" style=\"left:151.95137px; bottom:383.66724px;\">Modificaci\u00f3n \u201cNI<span class=\"_ _1\"></span>IF 3 Combi<span class=\"_ _1\"></span>naciones de ne<span class=\"_ _1\"></span>gocios\u201d Ref<span class=\"_ _1\"></span>erencia al Marco C<span class=\"_ _1\"></span>onceptu<span class=\"_ _1\"></span>al </div><div class=\"t m0 h10 ff3 fs5 fc1 sc0 ls0 ws0\" style=\"left:151.95137px; bottom:356.67926px;\">Modificaci\u00f3n \u201cNIC 16 Propiedad, planta y equipo\u201d Ingresos obtenidos antes del uso <span class=\"_ _0\"></span>previsto\"<span class=\"_ _29d\"> </span></div><div class=\"t m0 h7 ff3 fs5 fc1 sc0 ls0 ws0\" style=\"left:4.687378px; bottom:341.07925px;\">1 de enero de<span class=\"_ _1\"></span> 2022<span class=\"fs1\"> </span></div><div class=\"t m0 h10 ff3 fs5 fc1 sc0 ls0 ws0\" style=\"left:151.95137px; bottom:334.99527px;\">Modificaci\u00f3n <span class=\"_ _0\"></span>\u201cNIC <span class=\"_ _0\"></span>37 <span class=\"_ _bf\"></span>Provis<span class=\"_ _1\"></span>iones, <span class=\"_ _0\"></span>pasivos <span class=\"_ _bf\"></span>y <span class=\"_ _0\"></span>activos <span class=\"_ _0\"></span>contingentes<span class=\"_ _1\"></span>\u201d <span class=\"_ _0\"></span>Contratos <span class=\"_ _0\"></span>onerosos: <span class=\"_ _bf\"></span>Cos<span class=\"_ _1\"></span>te </div><div class=\"t m0 h10 ff3 fs5 fc1 sc0 ls0 ws0\" style=\"left:151.95137px; bottom:320.0193px;\">de cumplir un contr<span class=\"_ _1\"></span>ato </div><div class=\"t m0 h10 ff3 fs5 fc1 sc0 ls0 ws0\" style=\"left:151.95137px; bottom:298.3353px;\">Mejoras Anua<span class=\"_ _1\"></span>les de las NII<span class=\"_ _1\"></span>F. Ciclo 2018 <span class=\"_ _1\"></span>\u2013 2020 </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:4.687378px; bottom:252.47125px;\">- <span class=\"_ _c7\"> </span>M<span class=\"_ _1\"></span>odificacion<span class=\"_ _0\"></span>es <span class=\"_ _c5\"></span>de <span class=\"_ _c5\"></span>la <span class=\"_ _c2\"></span>NIIF <span class=\"_ _c5\"></span>3 <span class=\"_ _c5\"></span>Co<span class=\"_ _0\"></span>mbinaciones <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>negocio: <span class=\"_ _c5\"> </span>se <span class=\"_ _c5\"></span>han <span class=\"_ _c2\"></span>incorporado <span class=\"_ _c2\"></span>modificaciones <span class=\"_ _c2\"></span>menores </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:235.93527px;\">para <span class=\"_ _c4\"></span>actualizar las <span class=\"_ _c4\"></span>referencias <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>Marco <span class=\"_ _1\"></span>Conceptual <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>las <span class=\"_ _c4\"></span>N<span class=\"_ _0\"></span>I<span class=\"_ _1\"></span>IF <span class=\"_ _1\"></span>y <span class=\"_ _c4\"></span>aclaracio<span class=\"_ _0\"></span>nes <span class=\"_ _c4\"></span>al <span class=\"_ _1\"></span>principio <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>econoci<span class=\"_ _0\"></span>-<span class=\"_ _29d\"> </span></div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:219.5553px;\">miento de pasivos<span class=\"_ _0\"></span> y pasivos contingentes<span class=\"_ _0\"></span>. </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:4.687378px; bottom:196.62326px;\">- <span class=\"_ _c7\"> </span>M<span class=\"_ _1\"></span>odificaci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>a la NIC <span class=\"_ _1\"></span>16<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>Propiedad, planta y equipo: mediante esta modifica<span class=\"_ _0\"></span>ci\u00f3n <span class=\"_ _1\"></span>se proh\u00edbe deducir del </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:180.08725px;\">coste <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>activos<span class=\"_ _0\"></span> en<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>el a<span class=\"_ _0\"></span>lcance <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>esta <span class=\"_ _0\"></span>norma <span class=\"_ _0\"></span>cua<span class=\"_ _0\"></span>lquier <span class=\"_ _0\"></span>ingreso <span class=\"_ _0\"></span>obtenido <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>la<span class=\"_ _0\"></span> fase<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>previa <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>puest<span class=\"_ _0\"></span>a </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:163.70728px;\">en uso, estos se deber\u00e1<span class=\"_ _0\"></span>n reconocer en el resulta<span class=\"_ _0\"></span>do del ejercicio.  </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:4.687378px; bottom:140.77525px;\">- <span class=\"_ _c7\"> </span>M<span class=\"_ _1\"></span>odificaci\u00f3n<span class=\"_ _0\"></span> a <span class=\"_ _0\"></span>la NIC <span class=\"_ _0\"></span>37 <span class=\"_ _0\"></span>Provisi<span class=\"_ _0\"></span>ones, pasivos<span class=\"_ _0\"></span> contin<span class=\"_ _0\"></span>gentes y <span class=\"_ _0\"></span>activos <span class=\"_ _0\"></span>contin<span class=\"_ _0\"></span>gentes: se <span class=\"_ _0\"></span>aclara <span class=\"_ _0\"></span>el co<span class=\"_ _0\"></span>ncepto </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:124.39526px;\">de coste de <span class=\"_ _1\"></span>cumplimiento de un contrato para evaluar si <span class=\"_ _1\"></span>un contrato es oneroso. <span class=\"_ _1\"></span>Se deben incluir todos<span class=\"_ _0\"></span> </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:107.8593px;\">los costes <span class=\"_ _1\"></span>incrementales del <span class=\"_ _1\"></span>contrato com<span class=\"_ _1\"></span>o una <span class=\"_ _1\"></span>asignaci\u00f3n de <span class=\"_ _1\"></span>costes <span class=\"_ _1\"></span>directamente relacionados con el </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:91.47925px;\">cumplimiento de las a<span class=\"_ _0\"></span>ctividades contractuales<span class=\"_ _0\"></span>.  </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:4.687378px; bottom:68.54729px;\">- <span class=\"_ _c7\"> </span>M<span class=\"_ _1\"></span>ejoras<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>anuales ciclo <span class=\"_ _1\"></span>2018-2020, mediante las <span class=\"_ _1\"></span>que se <span class=\"_ _1\"></span>establecen modificacione<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>menores <span class=\"_ _1\"></span>a las <span class=\"_ _1\"></span>NIIF 1 </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:52.01126px;\">Adopci\u00f3n <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>las <span class=\"_ _c8\"></span>NIIF <span class=\"_ _c8\"></span>por <span class=\"_ _c8\"></span>Primera <span class=\"_ _c4\"></span>Vez, <span class=\"_ _c8\"></span>NIIF <span class=\"_ _c8\"></span>9 <span class=\"_ _c4\"></span>Instrumentos <span class=\"_ _c8\"></span>Financieros <span class=\"_ _c4\"></span>y <span class=\"_ _c8\"></span>NIIF <span class=\"_ _c8\"></span>16 <span class=\"_ _c8\"></span>Arrendamientos.<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>La </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:35.63127px;\">mejora incluid<span class=\"_ _0\"></span>a en la NIIF 9 se\u00f1ala<span class=\"_ _0\"></span> que en<span class=\"_ _0\"></span> el test de baja de pa<span class=\"_ _0\"></span>sivos financi<span class=\"_ _0\"></span>eros deben incluirse so<span class=\"_ _0\"></span>lo las </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:19.09526px;\">comisiones pagadas o <span class=\"_ _1\"></span>recibidas entre <span class=\"_ _1\"></span>el pr<span class=\"_ _1\"></span>estatario y <span class=\"_ _1\"></span>el prestamista, o <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>nombre de <span class=\"_ _1\"></span>estos. Los costes </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:2.715271px;\">u honorarios pagados<span class=\"_ _0\"></span> a terceros no deben inclu<span class=\"_ _0\"></span>irse. </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:892.07825px;\">Asimismo, <span class=\"_ _1\"></span>el Grupo <span class=\"_ _1\"></span>est\u00e1 <span class=\"_ _1\"></span>analizando el <span class=\"_ _c4\"></span>impacto de <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>nuevas <span class=\"_ _1\"></span>NIIF <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>mejo<span class=\"_ _0\"></span>ras <span class=\"_ _1\"></span>emitidas <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>aprobadas <span class=\"_ _1\"></span>para<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>su </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:875.5423px;\">aplicaci\u00f3n en la<span class=\"_ _0\"></span> Uni\u00f3n Europea a partir del 1 de <span class=\"_ _0\"></span>enero de 2023, que son l<span class=\"_ _0\"></span>as siguientes:<span class=\"_ _29d\"> </span> <span class=\"ffa fs6\"> </span></div><div class=\"t m0 h41 ff5 fs5 fc1 sc0 ls0 ws0\" style=\"left:4.687378px; bottom:832.01825px;\">Efectivo desde:<span class=\"_ _1\"></span> <span class=\"_ _57\"> </span>N<span class=\"_ _1\"></span>uevas norma<span class=\"_ _1\"></span>s y modificacio<span class=\"_ _1\"></span>nes </div><div class=\"t m0 h10 ff3 fs5 fc1 sc0 ls0 ws0\" style=\"left:142.74738px; bottom:804.87427px;\">Nueva norma \u201cNII<span class=\"_ _1\"></span>F 17 Contr<span class=\"_ _1\"></span>atos de seguros\u201d<span class=\"_ _1\"></span> </div><div class=\"t m0 h10 ff3 fs5 fc1 sc0 ls0 ws0\" style=\"left:4.687378px; bottom:775.7023px;\">1 de enero de<span class=\"_ _1\"></span> 2023 </div><div class=\"t m0 h10 ff3 fs5 fc1 sc0 ls0 ws0\" style=\"left:142.74738px; bottom:777.8863px;\">Modificaci\u00f3n <span class=\"_ _0\"></span>\u201cNIC 1 <span class=\"_ _0\"></span>Presentaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>los e<span class=\"_ _0\"></span>stados<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>financ<span class=\"_ _1\"></span>ieros\u201d <span class=\"_ _0\"></span>Desgloses de <span class=\"_ _0\"></span>pol\u00edticas <span class=\"_ _0\"></span>contables<span class=\"_ _29d\"> </span></div><div class=\"t m0 h10 ff3 fs5 fc1 sc0 ls0 ws0\" style=\"left:142.74738px; bottom:756.2023px;\">Modificaci\u00f3n \u201cNIC 8 <span class=\"_ _0\"></span>Pol\u00edtica<span class=\"_ _1\"></span>s contables, <span class=\"_ _0\"></span>cambi<span class=\"_ _1\"></span>os en <span class=\"_ _0\"></span>las estimaciones contables y <span class=\"_ _0\"></span>errores<span class=\"_ _1\"></span>\u201d De-<span class=\"_ _29d\"> </span></div><div class=\"t m0 h10 ff3 fs5 fc1 sc0 ls0 ws0\" style=\"left:142.74738px; bottom:741.22626px;\">finici\u00f3n de esti<span class=\"_ _1\"></span>maciones co<span class=\"_ _1\"></span>ntables </div><div class=\"t m0 h10 ff3 fs5 fc1 sc0 ls0 ws0\" style=\"left:4.687378px; bottom:719.5423px;\">1 de enero de<span class=\"_ _1\"></span> 2024 <span class=\"_ _cb\"> </span>Modificaci\u00f3n NIF <span class=\"_ _1\"></span>16: Pasiv<span class=\"_ _1\"></span>os por arren<span class=\"_ _1\"></span>damientos en o<span class=\"_ _1\"></span>peraciones d<span class=\"_ _1\"></span>e <span class=\"ffb\">Sales and L<span class=\"_ _1\"></span>easeback</span> </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:4.687378px; bottom:673.6783px;\">- <span class=\"_ _c7\"> </span>NIIF <span class=\"_ _c8\"></span>17 <span class=\"_ _c4\"></span>Contratos <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>seguro <span class=\"_ _c4\"></span>y <span class=\"_ _c4\"></span>sus <span class=\"_ _c8\"></span>modificacion<span class=\"_ _0\"></span>es. <span class=\"_ _c8\"></span>Remplaza<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>a <span class=\"_ _c4\"></span>la <span class=\"_ _c8\"></span>NIIF <span class=\"_ _c4\"></span>4, <span class=\"_ _c4\"></span>r<span class=\"_ _1\"></span>ecogiendo<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>los <span class=\"_ _c4\"></span>principios <span class=\"_ _c4\"></span>de<span class=\"_ _0\"></span> </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:657.1423px;\">registro, <span class=\"_ _bf\"></span>valoraci\u00f3n, <span class=\"_ _bf\"></span>presentaci\u00f3n <span class=\"_ _bf\"></span>y <span class=\"_ _bf\"></span>desglose <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>s <span class=\"_ _bf\"></span>contratos <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>seguros <span class=\"_ _bf\"></span>co<span class=\"_ _0\"></span>n <span class=\"_ _bf\"></span>el <span class=\"_ _0\"></span>objetivo <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>que <span class=\"_ _bf\"></span>la <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ntidad </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:640.76227px;\">proporcione <span class=\"_ _c8\"></span>informaci\u00f3n <span class=\"_ _c2\"></span>relevante <span class=\"_ _c2\"></span>y <span class=\"_ _c2\"></span>fiable <span class=\"_ _c2\"></span>que <span class=\"_ _c2\"></span>permita <span class=\"_ _c2\"></span>a <span class=\"_ _c2\"></span>los <span class=\"_ _c2\"></span>usuarios <span class=\"_ _c2\"></span>de <span class=\"_ _c8\"></span>la <span class=\"_ _c2\"></span>inform<span class=\"_ _1\"></span>aci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _c2\"></span>determinar <span class=\"_ _c2\"></span>el </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:624.22626px;\">efecto que los contratos <span class=\"_ _0\"></span>tienen en los estados fin<span class=\"_ _0\"></span>ancieros.   </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:4.687378px; bottom:601.29425px;\">- <span class=\"_ _c7\"> </span>M<span class=\"_ _1\"></span>odificaci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>a <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>NIC <span class=\"_ _c4\"></span>1 <span class=\"_ _1\"></span>Presentaci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>Estados <span class=\"_ _1\"></span>Financieros <span class=\"_ _c4\"></span>mediante <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>cual <span class=\"_ _c4\"></span>permite <span class=\"_ _1\"></span>a <span class=\"_ _c4\"></span>las <span class=\"_ _c4\"></span>entidades </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:584.91425px;\">identificar adecuadamente la informaci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>sobre pol\u00edticas<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>contables materiale<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>que debe ser desglosada<span class=\"_ _0\"></span> </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:568.37823px;\">en los estados finan<span class=\"_ _0\"></span>cieros.   </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:4.687378px; bottom:545.4463px;\">- <span class=\"_ _c7\"> </span>M<span class=\"_ _1\"></span>odificaci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>a <span class=\"_ _c8\"></span>la <span class=\"_ _c8\"></span>NIC <span class=\"_ _c4\"></span>8 <span class=\"_ _c8\"></span>Pol\u00edticas <span class=\"_ _c4\"></span>cont<span class=\"_ _1\"></span>ables, <span class=\"_ _c4\"></span>cambio<span class=\"_ _0\"></span>s <span class=\"_ _c8\"></span>en <span class=\"_ _c8\"></span>las <span class=\"_ _c8\"></span>estimaciones<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>contables <span class=\"_ _c8\"></span>y <span class=\"_ _c4\"></span>errores. <span class=\"_ _c8\"></span>Recoge </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:529.0663px;\">modificaciones <span class=\"_ _bf\"></span>y <span class=\"_ _bf\"></span>aclaraciones <span class=\"_ _bf\"></span>sobre <span class=\"_ _0\"></span>qu\u00e9 <span class=\"_ _bf\"></span>debe <span class=\"_ _bf\"></span>entenderse <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>mo <span class=\"_ _0\"></span>un <span class=\"_ _bf\"></span>cambio <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>una <span class=\"_ _bf\"></span>estimaci\u00f3n <span class=\"_ _bf\"></span>contable.   </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:506.13428px;\">El <span class=\"_ _0\"></span>Grupo <span class=\"_ _bf\"></span>no <span class=\"_ _0\"></span>espera <span class=\"_ _bf\"></span>que <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>adopci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>dicha<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>normas <span class=\"_ _bf\"></span>tenga <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>efec<span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>significativo <span class=\"_ _bf\"></span>sobre <span class=\"_ _0\"></span>las <span class=\"_ _bf\"></span>cuentas <span class=\"_ _0\"></span>anuale<span class=\"_ _0\"></span>s </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:489.75427px;\">consolidad<span class=\"_ _0\"></span>as en <span class=\"_ _1\"></span>el period<span class=\"_ _0\"></span>o inicial de adopci\u00f3n.  </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:466.66626px;\">Por \u00faltimo, a fecha de formulaci\u00f3n de estas cuentas anuale<span class=\"_ _0\"></span>s consolidadas las siguientes modificaci<span class=\"_ _0\"></span>ones ha-<span class=\"_ _29d\"> </span></div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:450.28625px;\">b\u00edan sido public<span class=\"_ _0\"></span>adas por el IASB pe<span class=\"_ _0\"></span>ro no eran de apli<span class=\"_ _0\"></span>caci\u00f3n obligatoria porqu<span class=\"_ _0\"></span>e se encuentran pendien<span class=\"_ _0\"></span>tes de </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:433.90625px;\">aprobaci\u00f3n para su<span class=\"_ _0\"></span> uso en la Uni\u00f3n Europea<span class=\"_ _0\"></span>:<span class=\"_ _1\"></span>  </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:4.687378px; bottom:410.97427px;\">- <span class=\"_ _c7\"> </span>M<span class=\"_ _1\"></span>odificaci\u00f3n<span class=\"_ _0\"></span> \u201cNIC 1<span class=\"_ _0\"></span> Presentaci\u00f3n<span class=\"_ _0\"></span> de los<span class=\"_ _0\"></span> estados<span class=\"_ _0\"></span> financieros\u201d Cl<span class=\"_ _0\"></span>asificaci\u00f3n <span class=\"_ _0\"></span>de pasivos<span class=\"_ _0\"></span> como<span class=\"_ _0\"></span> corrientes o<span class=\"_ _0\"></span> </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:394.43823px;\">no corrientes, median<span class=\"_ _0\"></span>te la cual se modifican y acla<span class=\"_ _0\"></span>ran determinados aspectos de la<span class=\"_ _0\"></span> clasificaci\u00f3n.  <span class=\"_ _0\"></span> </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:4.687378px; bottom:371.5063px;\">- <span class=\"_ _c7\"> </span>M<span class=\"_ _1\"></span>odificaci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _bf\"></span>\u201cNI<span class=\"_ _1\"></span>C<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>12<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>Imp<span class=\"_ _0\"></span>uestos <span class=\"_ _bf\"></span>diferidos <span class=\"_ _bf\"></span>relacion<span class=\"_ _0\"></span>ados <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span> <span class=\"_ _bf\"></span>Activos <span class=\"_ _bf\"></span>y <span class=\"_ _bf\"></span>Pasivos <span class=\"_ _bf\"></span>que <span class=\"_ _bf\"></span>surgen <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>una <span class=\"_ _bf\"></span>Tran<span class=\"_ _0\"></span>sac-<span class=\"_ _29d\"> </span></div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:355.12628px;\">ci\u00f3n <span class=\"_ _0\"></span>\u00danica\u201d, media<span class=\"_ _0\"></span>nte la <span class=\"_ _0\"></span>cual <span class=\"_ _0\"></span>se clari<span class=\"_ _0\"></span>f<span class=\"_ _1\"></span>ican <span class=\"_ _0\"></span>aspectos <span class=\"_ _0\"></span>sobre el <span class=\"_ _0\"></span>regist<span class=\"_ _0\"></span>ro del <span class=\"_ _0\"></span>impuesto <span class=\"_ _0\"></span>diferido q<span class=\"_ _0\"></span>ue se <span class=\"_ _0\"></span>genera<span class=\"_ _0\"></span> </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:338.59027px;\">en operaciones como<span class=\"_ _0\"></span> arrendamiento y obliga<span class=\"_ _0\"></span>ciones por desmantelamien<span class=\"_ _0\"></span>to.  </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:315.65826px;\">El G<span class=\"_ _1\"></span>rupo est<span class=\"_ _1\"></span>\u00e1 analizando el <span class=\"_ _1\"></span>impacto <span class=\"_ _1\"></span>de estas modificaciones, <span class=\"_ _1\"></span>si <span class=\"_ _1\"></span>bien tampoco <span class=\"_ _1\"></span>espera<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>tengan un <span class=\"_ _1\"></span>efecto </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:299.27826px;\">significativo <span class=\"_ _c4\"></span>sobre <span class=\"_ _c4\"></span>las <span class=\"_ _c4\"></span>cuentas <span class=\"_ _c4\"></span>anuales <span class=\"_ _c4\"></span>consolidadas <span class=\"_ _c4\"></span>en <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>f<span class=\"_ _1\"></span>echa<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>en <span class=\"_ _c4\"></span>que <span class=\"_ _c4\"></span>su <span class=\"_ _c8\"></span>aplicaci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>sea <span class=\"_ _c4\"></span>obligatoria <span class=\"_ _c4\"></span>en <span class=\"_ _c4\"></span>la </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:282.74225px;\">Uni\u00f3n Europea. <span class=\"ffa fs6\"> </span></div><div class=\"t m0 he ff5 fs1 fc2 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:243.4303px;\">c) <span class=\"_ _c7\"> </span>Uso de estimaciones e<span class=\"_ _0\"></span> hip\u00f3tesis  </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:220.49826px;\">La preparaci\u00f3n <span class=\"_ _1\"></span>de las <span class=\"_ _1\"></span>cue<span class=\"_ _0\"></span>ntas <span class=\"_ _1\"></span>anuales consolidadas de conformidad <span class=\"_ _1\"></span>con las NIIF-UE <span class=\"_ _1\"></span>requiere que la Direc-<span class=\"_ _29d\"> </span></div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:203.96225px;\">ci\u00f3n <span class=\"_ _1\"></span>del <span class=\"_ _c4\"></span>Grupo <span class=\"_ _1\"></span>realice <span class=\"_ _c4\"></span>juicios, <span class=\"_ _1\"></span>estimaciones <span class=\"_ _1\"></span>y <span class=\"_ _c4\"></span>asunciones <span class=\"_ _1\"></span>que <span class=\"_ _c4\"></span>afectan <span class=\"_ _1\"></span>a <span class=\"_ _c4\"></span>la <span class=\"_ _1\"></span>aplicaci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>las <span class=\"_ _c4\"></span>normas <span class=\"_ _1\"></span>y <span class=\"_ _c4\"></span>a <span class=\"_ _c4\"></span>los </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:187.58228px;\">importes <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>activos, <span class=\"_ _c4\"></span>pasivos, <span class=\"_ _1\"></span>ingresos <span class=\"_ _c4\"></span>y <span class=\"_ _c8\"></span>gastos. <span class=\"_ _1\"></span>Las <span class=\"_ _c4\"></span>est<span class=\"_ _1\"></span>imacio<span class=\"_ _0\"></span>nes <span class=\"_ _c8\"></span>y <span class=\"_ _1\"></span>j<span class=\"_ _1\"></span>uicios <span class=\"_ _c4\"></span>se <span class=\"_ _c4\"></span>eval\u00faan <span class=\"_ _c4\"></span>continua<span class=\"_ _0\"></span>mente <span class=\"_ _c4\"></span>y <span class=\"_ _c8\"></span>se </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:171.20227px;\">basan en <span class=\"_ _1\"></span>la experiencia hist\u00f3rica y <span class=\"_ _1\"></span>otros factores, incluida<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>las expectat<span class=\"_ _1\"></span>ivas de sucesos futuros que <span class=\"_ _1\"></span>se con-<span class=\"_ _29d\"> </span></div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:154.66626px;\">sideran <span class=\"_ _0\"></span>razonables <span class=\"_ _0\"></span>bajo la<span class=\"_ _0\"></span>s circuns<span class=\"_ _0\"></span>tancias existen<span class=\"_ _0\"></span>tes. Los <span class=\"_ _0\"></span>resultados <span class=\"_ _0\"></span>reale<span class=\"_ _0\"></span>s pudieran<span class=\"_ _0\"></span> diferir <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>estas estima<span class=\"_ _0\"></span>-<span class=\"_ _29d\"> </span></div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:138.28627px;\">ciones.  </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:115.35425px;\">En <span class=\"_ _c5\"></span>las <span class=\"_ _c5\"></span>cuentas <span class=\"_ _c2\"></span>anuales <span class=\"_ _c5\"></span>consoli<span class=\"_ _0\"></span>dadas <span class=\"_ _c5\"> </span>correspondientes <span class=\"_ _c5\"></span>al <span class=\"_ _c2\"></span>ejercicio <span class=\"_ _c5\"></span>2022 <span class=\"_ _c5\"></span>se<span class=\"_ _0\"></span> <span class=\"_ _c0\"> </span>han <span class=\"_ _c2\"></span>utilizado <span class=\"_ _c5\"></span>ocasio<span class=\"_ _0\"></span>nalmente </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:98.81828px;\">estimaciones <span class=\"_ _c8\"></span>realizadas <span class=\"_ _c8\"></span>por<span class=\"_ _1\"></span> <span class=\"_ _c2\"></span>la <span class=\"_ _c2\"></span>Direcci\u00f3n <span class=\"_ _c8\"></span>del <span class=\"_ _c2\"></span>Grupo <span class=\"_ _c2\"></span>y <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>las <span class=\"_ _c5\"></span>en<span class=\"_ _0\"></span>tidades <span class=\"_ _c2\"></span>consolidadas, <span class=\"_ _c8\"></span>r<span class=\"_ _1\"></span>atificadas <span class=\"_ _c8\"></span>posterior-<span class=\"_ _29d\"> </span></div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:82.43823px;\">mente por sus Administrado<span class=\"_ _0\"></span>res, <span class=\"_ _1\"></span>para<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>cuantificar alguno<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>de los activos, pasivo<span class=\"_ _0\"></span>s, <span class=\"_ _1\"></span>ingresos<span class=\"_ _0\"></span>, <span class=\"_ _1\"></span>gastos y compro-<span class=\"_ _29d\"> </span></div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:65.90228px;\">misos que figuran<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>registrad<span class=\"_ _0\"></span>os en ellas.  </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:42.97026px;\">Principalmente, estas es<span class=\"_ _0\"></span>timaciones se refieren a:<span class=\"_ _0\"></span>  </div><div class=\"t m0 he ff9 fs1 fc2 sc1 ls0 ws0\" style=\"left:0.00737381px; bottom:19.10228px;\"> <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">La <span class=\"_ _1\"></span>estimaci\u00f3n de <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>recuperaci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>activos<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>mediante <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>determinaci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>del valor <span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ecuperable<span class=\"_ _0\"></span> de <span class=\"_ _c4\"></span>los </span></span></div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:2.722229px;\">mismos. Se entie<span class=\"_ _0\"></span>nde por valor recuperable<span class=\"_ _0\"></span> el mayor entre el valo<span class=\"_ _0\"></span>r razonable menos los co<span class=\"_ _0\"></span>stes de vent<span class=\"_ _0\"></span>a<span class=\"_ _29d\"> </span> </div>y <span class=\"_ _c4\"></span>su <span class=\"_ _c4\"></span>valor <span class=\"_ _c4\"></span>en <span class=\"_ _c4\"></span>uso. <span class=\"_ _c4\"></span>E<span class=\"_ _1\"></span>l <span class=\"_ _c4\"></span>deterioro <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>valor <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>los <span class=\"_ _c4\"></span>activos <span class=\"_ _c4\"></span>se <span class=\"_ _c8\"></span>calcula <span class=\"_ _c4\"></span>generalmente<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>a <span class=\"_ _c8\"></span>partir <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>los <span class=\"_ _c4\"></span>flujos <span class=\"_ _c4\"></span>de<span class=\"_ _0\"></span> efectivo <span class=\"_ _1\"></span>descontados<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>seg\u00fan las <span class=\"_ _1\"></span>proyecciones <span class=\"_ _1\"></span>financie<span class=\"_ _0\"></span>ras <span class=\"_ _c4\"></span>utili<span class=\"_ _0\"></span>zadas <span class=\"_ _1\"></span>por <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>Grupo. <span class=\"_ _1\"></span>La <span class=\"_ _1\"></span>tasa <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>descuent<span class=\"_ _0\"></span>o empleada es el cos<span class=\"_ _0\"></span>te medio ponderado del<span class=\"_ _0\"></span> capital (v\u00e9ase notas 7,8 y<span class=\"_ _0\"></span> 11).   <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Estimaci\u00f3n <span class=\"_ _1\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>vidas \u00fatiles <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>Inmoviliza<span class=\"_ _0\"></span>do <span class=\"_ _1\"></span>material, <span class=\"_ _1\"></span>Inmoviliza<span class=\"_ _0\"></span>do <span class=\"_ _1\"></span>intangible<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>inversiones <span class=\"_ _1\"></span>inmob<span class=\"_ _0\"></span>ilia-<span class=\"_ _29d\"> </span></span></span>rias. (v\u00e9ase notas 4<span class=\"_ _0\"></span>.c, 4.d y 4.e).   <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Las <span class=\"_ _c8\"></span>hip\u00f3tesis <span class=\"_ _c8\"></span>empleadas <span class=\"_ _c8\"></span>en <span class=\"_ _c8\"></span>los <span class=\"_ _c2\"></span>c\u00e1lculos <span class=\"_ _c8\"></span>actuariales <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>los <span class=\"_ _c8\"></span>pasivos <span class=\"_ _c8\"></span>y <span class=\"_ _c2\"></span>obl<span class=\"_ _0\"></span>igaciones <span class=\"_ _c8\"></span>con <span class=\"_ _c2\"></span>los <span class=\"_ _c8\"></span>empleados<span class=\"_ _0\"></span> </span></span>(v\u00e9ase nota 16). <span class=\"_ _0\"></span>  <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Las hip\u00f3tesis emple<span class=\"_ _0\"></span>adas para los c\u00e1lculos del va<span class=\"_ _0\"></span>lor razonable de los deriv<span class=\"_ _0\"></span>ados (v\u00e9ase nota 20).<span class=\"_ _0\"></span>  </span></span> <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">C\u00e1lculo de <span class=\"_ _1\"></span>los ingresos de <span class=\"_ _1\"></span>las instalaciones de <span class=\"_ _1\"></span>transpo<span class=\"_ _0\"></span>rte <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>energ\u00eda el\u00e9ctrica y Operaci\u00f3n <span class=\"_ _1\"></span>del Sistema </span></span>en Espa\u00f1a (v\u00e9ase nota<span class=\"_ _0\"></span> 3).   <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Las <span class=\"_ _1\"></span>hip\u00f3tesis <span class=\"_ _1\"></span>empleadas para <span class=\"_ _c4\"></span>el <span class=\"_ _1\"></span>c\u00e1lculo <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>valor <span class=\"_ _1\"></span>razonable <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>activos y <span class=\"_ _c4\"></span>pasivos <span class=\"_ _1\"></span>adquiridos <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>una<span class=\"_ _0\"></span> </span></span>combinaci\u00f3n de negoci<span class=\"_ _0\"></span>os (v\u00e9ase nota 6).   Como norma general se reg<span class=\"_ _0\"></span>istran <span class=\"_ _1\"></span>los pasiv<span class=\"_ _0\"></span>os cuando es probable que una obli<span class=\"_ _0\"></span>gaci\u00f3n d\u00e9 lugar a una indem-<span class=\"_ _29d\"> </span>nizaci\u00f3n o pago. El Grupo eval\u00faa y realiza una <span class=\"_ _1\"></span>es<span class=\"_ _0\"></span>timaci\u00f3n de los <span class=\"_ _1\"></span>importes ne<span class=\"_ _0\"></span>cesarios a <span class=\"_ _1\"></span>liquidar en el futuro,<span class=\"_ _0\"></span> incluyendo<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>importes <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>dicionales <span class=\"_ _bf\"></span>cor<span class=\"_ _1\"></span>respondientes <span class=\"_ _bf\"></span>a <span class=\"_ _0\"></span>impuestos <span class=\"_ _bf\"></span>sobre <span class=\"_ _0\"></span>ganancias, <span class=\"_ _0\"></span>ob<span class=\"_ _0\"></span>ligaciones <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ntractua-<span class=\"_ _29d\"> </span>les, l<span class=\"_ _0\"></span>a l<span class=\"_ _0\"></span>iquidaci\u00f3n <span class=\"_ _0\"></span>de l<span class=\"_ _0\"></span>itigios <span class=\"_ _0\"></span>pendientes <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>otros <span class=\"_ _0\"></span>pasivos. <span class=\"_ _0\"></span>Dichas <span class=\"_ _0\"></span>estimacion<span class=\"_ _0\"></span>es est\u00e1n<span class=\"_ _0\"></span> sujetas<span class=\"_ _0\"></span> a <span class=\"_ _0\"></span>interpretacio<span class=\"_ _0\"></span>nes de <span class=\"_ _0\"></span>los <span class=\"_ _bf\"></span>hechos <span class=\"_ _0\"></span>y <span class=\"_ _bf\"></span>circunstancias <span class=\"_ _bf\"></span>actuales, <span class=\"_ _0\"></span>proyec<span class=\"_ _0\"></span>ciones <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>aco<span class=\"_ _0\"></span>nt<span class=\"_ _1\"></span>ecimie<span class=\"_ _0\"></span>ntos <span class=\"_ _bf\"></span>futuros <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>estimacio<span class=\"_ _0\"></span>nes <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>los <span class=\"_ _0\"></span>efec-<span class=\"_ _29d\"> </span>tos <span class=\"_ _1\"></span>financieros <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>dichos <span class=\"_ _1\"></span>acontecimientos<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>(<span class=\"_ _1\"></span>v\u00e9ase nota <span class=\"_ _c4\"></span>16). <span class=\"_ _1\"></span>Adem\u00e1s, la <span class=\"_ _c4\"></span>Socie<span class=\"_ _0\"></span>dad <span class=\"_ _1\"></span>tiene <span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>ormalizada<span class=\"_ _0\"></span>s <span class=\"_ _c4\"></span>p\u00f3liza<span class=\"_ _0\"></span>s de seguros <span class=\"_ _0\"></span>para cubrir la<span class=\"_ _0\"></span>s posibles <span class=\"_ _0\"></span>reclamaciones <span class=\"_ _0\"></span>de terceros que <span class=\"_ _0\"></span>se le pu<span class=\"_ _0\"></span>edan presen<span class=\"_ _0\"></span>tar por el e<span class=\"_ _0\"></span>jercicio de sus actividades.  En <span class=\"_ _0\"></span>aquellos <span class=\"_ _0\"></span>casos en <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>que l<span class=\"_ _0\"></span>as N<span class=\"_ _0\"></span>II<span class=\"_ _1\"></span>F <span class=\"_ _0\"></span>no pe<span class=\"_ _0\"></span>rmiten <span class=\"_ _0\"></span>abordar <span class=\"_ _0\"></span>el tra<span class=\"_ _0\"></span>tamiento c<span class=\"_ _0\"></span>ontable de<span class=\"_ _0\"></span> una<span class=\"_ _0\"></span> determi<span class=\"_ _0\"></span>nada situa-<span class=\"_ _29d\"> </span>ci\u00f3n, <span class=\"_ _c8\"></span>la <span class=\"_ _c8\"></span>Direcci\u00f3n, <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>acuerdo <span class=\"_ _c8\"></span>con <span class=\"_ _c8\"></span>lo <span class=\"_ _c8\"></span>establecido <span class=\"_ _c8\"></span>en <span class=\"_ _c8\"></span>la <span class=\"_ _c8\"></span>NIC <span class=\"_ _c8\"></span>8, <span class=\"_ _c2\"></span>aplica <span class=\"_ _c8\"></span>su <span class=\"_ _c4\"></span>m<span class=\"_ _1\"></span>ejor <span class=\"_ _c8\"></span>juicio <span class=\"_ _c8\"></span>teniendo <span class=\"_ _c8\"></span>en <span class=\"_ _c4\"></span>cuenta <span class=\"_ _c2\"></span>el<span class=\"_ _0\"></span> fondo <span class=\"_ _0\"></span>econ\u00f3mico <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span> l<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>transacci\u00f3<span class=\"_ _0\"></span>n y<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>considerand<span class=\"_ _0\"></span>o lo<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>pronunciamientos<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>m\u00e1s <span class=\"_ _0\"></span>recientes<span class=\"_ _0\"></span> de<span class=\"_ _0\"></span> ot<span class=\"_ _0\"></span>ras <span class=\"_ _0\"></span>instituciones emisoras <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>normas <span class=\"_ _c4\"></span>que <span class=\"_ _c4\"></span>emplean <span class=\"_ _c4\"></span>el <span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>ismo <span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>arco <span class=\"_ _c4\"></span>conceptual <span class=\"_ _1\"></span>que <span class=\"_ _c8\"></span>las <span class=\"_ _1\"></span>NII<span class=\"_ _1\"></span>F. <span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>n <span class=\"_ _c4\"></span>este <span class=\"_ _c4\"></span>sentido, <span class=\"_ _c4\"></span>al <span class=\"_ _c4\"></span>quedar <span class=\"_ _c4\"></span>los cr\u00e9ditos <span class=\"_ _1\"></span>fiscales <span class=\"_ _c4\"></span>por <span class=\"_ _1\"></span>inversiones <span class=\"_ _1\"></span>fuera <span class=\"_ _c4\"></span>del <span class=\"_ _c4\"></span>alcance <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>las <span class=\"_ _1\"></span>NI<span class=\"_ _1\"></span>C<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>12 <span class=\"_ _c4\"></span>y <span class=\"_ _1\"></span>NIC <span class=\"_ _c4\"></span>20, <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>Direcci\u00f3n <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>G<span class=\"_ _1\"></span>rup<span class=\"_ _0\"></span>o, <span class=\"_ _c4\"></span>una <span class=\"_ _c4\"></span>vez analizado<span class=\"_ _0\"></span>s todos los he<span class=\"_ _0\"></span>chos y cir<span class=\"_ _0\"></span>cunstancias de l<span class=\"_ _0\"></span>as mismas, <span class=\"_ _0\"></span>ha consi<span class=\"_ _0\"></span>derado que la<span class=\"_ _0\"></span>s Deducciones<span class=\"_ _0\"></span> por inve<span class=\"_ _0\"></span>r-<span class=\"_ _29d\"> </span>siones en activos fijos en Ca<span class=\"_ _0\"></span>narias concedidas al Grupo<span class=\"_ _0\"></span> por las Administracio<span class=\"_ _0\"></span>nes p\u00fablicas son asimil<span class=\"_ _0\"></span>ables a una subvenci\u00f3n de capita<span class=\"_ _0\"></span>l, t<span class=\"_ _1\"></span>eniendo en cuenta e<span class=\"_ _0\"></span>n estos <span class=\"_ _1\"></span>caso<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>la NIC 20 Subvencio<span class=\"_ _0\"></span>nes del Gobierno (v\u00e9ase nota 4k).   Para <span class=\"_ _c2\"></span>mayor <span class=\"_ _c2\"></span>comprensi\u00f3n <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>las<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>cuentas <span class=\"_ _c2\"></span>anuales <span class=\"_ _c8\"></span>consolidadas <span class=\"_ _c2\"></span>las <span class=\"_ _c2\"></span>diferentes <span class=\"_ _c5\"></span>estimacion<span class=\"_ _0\"></span>es <span class=\"_ _c2\"></span>e <span class=\"_ _c5\"></span>hip\u00f3tesis <span class=\"_ _c2\"></span>se<span class=\"_ _0\"></span> detallan en cada<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>una de<span class=\"_ _0\"></span> las notas.  A <span class=\"_ _c2\"></span>pesar <span class=\"_ _c5\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>que <span class=\"_ _c2\"></span>las <span class=\"_ _c2\"></span>estimaciones <span class=\"_ _c8\"></span>se <span class=\"_ _c5\"></span>han <span class=\"_ _c8\"></span>realizado <span class=\"_ _c2\"></span>en <span class=\"_ _c2\"></span>f<span class=\"_ _1\"></span>unci\u00f3n <span class=\"_ _c8\"></span>de <span class=\"_ _c5\"></span>la <span class=\"_ _c8\"></span>m<span class=\"_ _1\"></span>ejor <span class=\"_ _c2\"></span>informaci\u00f3n <span class=\"_ _c2\"></span>disponible <span class=\"_ _c2\"></span>a <span class=\"_ _c2\"></span>31 <span class=\"_ _c2\"></span>de diciembre <span class=\"_ _1\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>2022 <span class=\"_ _1\"></span>sobre<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>hechos <span class=\"_ _1\"></span>anali<span class=\"_ _0\"></span>zados, <span class=\"_ _1\"></span>es <span class=\"_ _1\"></span>posible<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>acontecimien<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>os que puedan <span class=\"_ _1\"></span>tener lugar <span class=\"_ _1\"></span>en el <span class=\"_ _c4\"></span>futuro <span class=\"_ _c4\"></span>obliguen <span class=\"_ _c4\"></span>a <span class=\"_ _c4\"></span>modificarlas <span class=\"_ _c4\"></span>(al <span class=\"_ _c4\"></span>alza <span class=\"_ _c4\"></span>o <span class=\"_ _c4\"></span>a <span class=\"_ _c4\"></span>la <span class=\"_ _c8\"></span>baja) <span class=\"_ _c4\"></span>en <span class=\"_ _1\"></span>pr<span class=\"_ _1\"></span>\u00f3ximos <span class=\"_ _1\"></span>ejercicios; <span class=\"_ _c4\"></span>lo <span class=\"_ _c4\"></span>que <span class=\"_ _c4\"></span>se <span class=\"_ _c4\"></span>har\u00eda, <span class=\"_ _c4\"></span>conforme <span class=\"_ _c4\"></span>a <span class=\"_ _c4\"></span>lo establecido <span class=\"_ _1\"></span>en <span class=\"_ _c4\"></span>las <span class=\"_ _c4\"></span>NIIF, <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>forma <span class=\"_ _c4\"></span>prospectiva <span class=\"_ _c4\"></span>reconociendo<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>los <span class=\"_ _c4\"></span>efectos <span class=\"_ _1\"></span>del <span class=\"_ _c4\"></span>cambio <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>estimaci\u00f3n <span class=\"_ _1\"></span>en <span class=\"_ _c8\"></span>el <span class=\"_ _c4\"></span>co-<span class=\"_ _29d\"> </span>rrespondiente Estad<span class=\"_ _0\"></span>o Consolidado de resultado<span class=\"_ _0\"></span>s<span class=\"_ _29d\"> </span>.  d) <span class=\"_ _ca\"> </span>Principios de consolid<span class=\"_ _0\"></span>aci\u00f3n  El t<span class=\"_ _1\"></span>ipo de <span class=\"_ _1\"></span>sociedades <span class=\"_ _1\"></span>qu<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>forman <span class=\"_ _1\"></span>parte del <span class=\"_ _1\"></span>per\u00edmetro de <span class=\"_ _1\"></span>consolidaci\u00f3n y <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>m\u00e9todos de <span class=\"_ _1\"></span>consolidaci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _1\"></span>utili-<span class=\"_ _29d\"> </span>zados en cada caso<span class=\"_ _0\"></span> han sido los siguientes:<span class=\"_ _0\"></span>   <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Entidades dependien<span class=\"_ _0\"></span>tes<span class=\"_ _29d\"> </span></span></span><span class=\"ff5 sc0\"><span class=\"ff3 fc1\"></span></span>Se <span class=\"_ _c8\"></span>consideran <span class=\"_ _c4\"></span>entidades <span class=\"_ _c8\"></span>dependientes,<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>aquellas <span class=\"_ _c8\"></span>sobre <span class=\"_ _c4\"></span>las <span class=\"_ _c2\"></span>que <span class=\"_ _c4\"></span>la <span class=\"_ _c8\"></span>Sociedad, <span class=\"_ _c8\"></span>directa <span class=\"_ _c4\"></span>o <span class=\"_ _c8\"></span>indirectamente, <span class=\"_ _c4\"></span>a trav\u00e9s <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>dependientes <span class=\"_ _c8\"></span>ejerce <span class=\"_ _c8\"></span>control. <span class=\"_ _c2\"></span>La <span class=\"_ _c2\"></span>Socieda<span class=\"_ _0\"></span>d <span class=\"_ _c2\"></span>controla <span class=\"_ _c2\"></span>a <span class=\"_ _c8\"></span>una <span class=\"_ _c2\"></span>entidad <span class=\"_ _c8\"></span>dependiente <span class=\"_ _c8\"></span>cuando <span class=\"_ _c8\"></span>por <span class=\"_ _c2\"></span>su implicaci\u00f3n en ella est\u00e1 expuesta, o <span class=\"_ _1\"></span>tiene derecho, a unos rendimientos variables y tiene <span class=\"_ _1\"></span>la capacidad de influir <span class=\"_ _c4\"></span>en <span class=\"_ _c4\"></span>dichos <span class=\"_ _c4\"></span>rendimientos <span class=\"_ _1\"></span>a <span class=\"_ _c4\"></span>trav\u00e9s <span class=\"_ _c8\"></span>del <span class=\"_ _c4\"></span>poder<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>que <span class=\"_ _c4\"></span>ejerce <span class=\"_ _c4\"></span>sobre <span class=\"_ _1\"></span>la <span class=\"_ _c8\"></span>misma. <span class=\"_ _1\"></span>La <span class=\"_ _c8\"></span>Sociedad <span class=\"_ _1\"></span>tiene <span class=\"_ _c8\"></span>el <span class=\"_ _1\"></span>poder cuando <span class=\"_ _c4\"></span>posee <span class=\"_ _c4\"></span>derechos <span class=\"_ _c4\"></span>sustantivos <span class=\"_ _c8\"></span>en <span class=\"_ _c4\"></span>vigor <span class=\"_ _c4\"></span>que <span class=\"_ _c4\"></span>le <span class=\"_ _c8\"></span>proporcionan<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>la <span class=\"_ _c8\"></span>capacidad<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>dirigir <span class=\"_ _c4\"></span>las <span class=\"_ _c8\"></span>actividades<span class=\"_ _0\"></span> relevantes. La<span class=\"_ _0\"></span> Sociedad <span class=\"_ _0\"></span>est\u00e1 expuesta<span class=\"_ _0\"></span>, o tiene<span class=\"_ _0\"></span> derecho, <span class=\"_ _0\"></span>a unos re<span class=\"_ _0\"></span>ndimientos variable<span class=\"_ _0\"></span>s por <span class=\"_ _0\"></span>su implicaci\u00f3<span class=\"_ _0\"></span>n en <span class=\"_ _c8\"></span>la <span class=\"_ _c8\"></span>entidad <span class=\"_ _c8\"></span>dependiente <span class=\"_ _c8\"></span>cuando <span class=\"_ _c8\"></span>los <span class=\"_ _c8\"></span>rendimientos <span class=\"_ _c4\"></span>que <span class=\"_ _c8\"></span>obt<span class=\"_ _1\"></span>iene <span class=\"_ _c4\"></span>por <span class=\"_ _c8\"></span>dicha <span class=\"_ _c8\"></span>implicaci\u00f3n <span class=\"_ _c4\"></span>pueden <span class=\"_ _c8\"></span>variar <span class=\"_ _c8\"></span>en funci\u00f3n de la evolu<span class=\"_ _0\"></span>ci\u00f3n econ\u00f3mica de la entidad<span class=\"_ _0\"></span>.<span class=\"_ _29d\"> </span>Los <span class=\"_ _0\"></span>ingresos<span class=\"_ _0\"></span>, g<span class=\"_ _0\"></span>astos <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>flu<span class=\"_ _0\"></span>jos <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>ef<span class=\"_ _1\"></span>ectivo <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>las <span class=\"_ _0\"></span>entida<span class=\"_ _0\"></span>des <span class=\"_ _0\"></span>dependientes <span class=\"_ _bf\"></span>se in<span class=\"_ _0\"></span>cluyen <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>las <span class=\"_ _bf\"></span>cuentas <span class=\"_ _0\"></span>anuale<span class=\"_ _0\"></span>s consolidad<span class=\"_ _0\"></span>as <span class=\"_ _1\"></span>desde <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>fecha de <span class=\"_ _c4\"></span>adquisici\u00f3<span class=\"_ _0\"></span>n, <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>es <span class=\"_ _1\"></span>aquella, en <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>el Gr<span class=\"_ _1\"></span>upo obtiene <span class=\"_ _1\"></span>efectivamente el control <span class=\"_ _1\"></span>de las <span class=\"_ _1\"></span>mismas. Las entidades <span class=\"_ _1\"></span>dependientes se excluyen <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>la consolidaci\u00f3n desde <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>fecha en <span class=\"_ _1\"></span>la que se ha perdido cont<span class=\"_ _0\"></span>rol.  Las <span class=\"_ _0\"></span>transacciones <span class=\"_ _0\"></span>y sald<span class=\"_ _0\"></span>os mante<span class=\"_ _0\"></span>nidos con<span class=\"_ _0\"></span> empre<span class=\"_ _0\"></span>sas del <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>y los<span class=\"_ _0\"></span> ben<span class=\"_ _0\"></span>eficios o <span class=\"_ _0\"></span>p\u00e9rdida<span class=\"_ _0\"></span>s no <span class=\"_ _0\"></span>realiz<span class=\"_ _0\"></span>ados han <span class=\"_ _c2\"></span>sido <span class=\"_ _c5\"></span>elimina<span class=\"_ _0\"></span>dos <span class=\"_ _c2\"></span>en <span class=\"_ _c2\"></span>el <span class=\"_ _c5\"></span>proceso <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>consolidaci\u00f3n. <span class=\"_ _c2\"></span>No <span class=\"_ _c5\"></span>obstan<span class=\"_ _0\"></span>te, <span class=\"_ _c2\"></span>las <span class=\"_ _c5\"></span>p\u00e9rdid<span class=\"_ _0\"></span>as <span class=\"_ _c5\"></span>no <span class=\"_ _c2\"></span>realizadas <span class=\"_ _c2\"></span>han <span class=\"_ _c2\"></span>sido consideradas como<span class=\"_ _0\"></span> un indicador de deterioro<span class=\"_ _0\"></span> de valor de los activos<span class=\"_ _0\"></span> transmitidos.   <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Acuerdos conjun<span class=\"_ _0\"></span>tos  </span></span>Se <span class=\"_ _c8\"></span>consideran <span class=\"_ _c2\"></span>acuerdos<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>conjuntos <span class=\"_ _c8\"></span>aquellos <span class=\"_ _c2\"></span>en <span class=\"_ _c8\"></span>los <span class=\"_ _c2\"></span>que <span class=\"_ _c2\"></span>existe <span class=\"_ _c8\"></span>un <span class=\"_ _c2\"></span>acuerdo <span class=\"_ _c8\"></span>contractual <span class=\"_ _c8\"></span>para <span class=\"_ _c2\"></span>compartir <span class=\"_ _c2\"></span>el control <span class=\"_ _1\"></span>sobre <span class=\"_ _c4\"></span>una <span class=\"_ _1\"></span>actividad <span class=\"_ _1\"></span>econ\u00f3mica, <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>forma <span class=\"_ _c4\"></span>que <span class=\"_ _1\"></span>las <span class=\"_ _c4\"></span>decisiones <span class=\"_ _1\"></span>sobre <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>actividades <span class=\"_ _1\"></span>relevantes <span class=\"_ _1\"></span>re-<span class=\"_ _29d\"> </span>quieren el consentimiento un\u00e1nime del <span class=\"_ _1\"></span>Grupo y del rest<span class=\"_ _1\"></span>o de part\u00edcipes u operadores. La <span class=\"_ _1\"></span>evaluaci\u00f3n de la existencia <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>control <span class=\"_ _bf\"></span>conjunto se<span class=\"_ _0\"></span> realiz<span class=\"_ _0\"></span>a con<span class=\"_ _0\"></span>siderando <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>definici\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>contro<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>de la<span class=\"_ _0\"></span>s e<span class=\"_ _0\"></span>nt<span class=\"_ _1\"></span>idades<span class=\"_ _0\"></span> de<span class=\"_ _0\"></span>pendien-<span class=\"_ _29d\"> </span>tes.  Para cada<span class=\"_ _0\"></span> acuerdo<span class=\"_ _0\"></span> conjunto el<span class=\"_ _0\"></span> Grupo <span class=\"_ _0\"></span>eval\u00faa todo<span class=\"_ _0\"></span>s los <span class=\"_ _0\"></span>hechos y <span class=\"_ _0\"></span>circunstancias <span class=\"_ _0\"></span>para su <span class=\"_ _0\"></span>clasificaci\u00f3n <span class=\"_ _0\"></span>entre negocio conjunto <span class=\"_ _1\"></span>y operaci\u00f3n <span class=\"_ _1\"></span>conjunta, entre <span class=\"_ _1\"></span>ellos si <span class=\"_ _1\"></span>el acuerdo <span class=\"_ _1\"></span>conjunto otorga <span class=\"_ _1\"></span>derechos y <span class=\"_ _1\"></span>obligacion<span class=\"_ _0\"></span>es sobre los activos y pa<span class=\"_ _0\"></span>sivos.  En <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>operaciones conjuntas <span class=\"_ _1\"></span>existe un <span class=\"_ _1\"></span>acuerdo conjunto <span class=\"_ _1\"></span>mediante el <span class=\"_ _1\"></span>cual <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>partes <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>poseen cont<span class=\"_ _1\"></span>rol<span class=\"_ _0\"></span> conjunto <span class=\"_ _c5\"> </span>t<span class=\"_ _1\"></span>ienen <span class=\"_ _c0\"> </span>derecho<span class=\"_ _0\"></span> <span class=\"_ _c0\"> </span>a <span class=\"_ _c0\"> </span>los <span class=\"_ _c0\"> </span>activos <span class=\"_ _c5\"> </span>y <span class=\"_ _c9\"> </span>obli<span class=\"_ _0\"></span>gaciones <span class=\"_ _c0\"> </span>con <span class=\"_ _c0\"> </span>respecto <span class=\"_ _c0\"> </span>a <span class=\"_ _c5\"> </span>los <span class=\"_ _c0\"> </span>pasivos, <span class=\"_ _c0\"> </span>relacionado<span class=\"_ _0\"></span>s <span class=\"_ _c0\"> </span>con <span class=\"_ _c0\"> </span>el acuerdo. En<span class=\"_ _0\"></span> \u00e9stas, el <span class=\"_ _0\"></span>Grupo reconoce<span class=\"_ _0\"></span> en las<span class=\"_ _0\"></span> cuentas anuale<span class=\"_ _0\"></span>s consolida<span class=\"_ _0\"></span>das, sus ac<span class=\"_ _0\"></span>tivos, incluida <span class=\"_ _0\"></span>su parti-<span class=\"_ _29d\"> </span>cipaci\u00f3n <span class=\"_ _bf\"></span>en <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>activos <span class=\"_ _bf\"></span>controlados <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>forma <span class=\"_ _0\"></span>conjun<span class=\"_ _0\"></span>ta; <span class=\"_ _0\"></span>sus <span class=\"_ _0\"></span>pasivos,<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>incluida <span class=\"_ _bf\"></span>su <span class=\"_ _0\"></span>participaci\u00f3n <span class=\"_ _bf\"></span>en <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>pasivo<span class=\"_ _0\"></span>s en <span class=\"_ _1\"></span>los que haya <span class=\"_ _1\"></span>incurrido conjuntamente con los <span class=\"_ _1\"></span>otros <span class=\"_ _1\"></span>operadores<span class=\"_ _0\"></span>; <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>ingresos<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>obtenidos de <span class=\"_ _1\"></span>la venta de su <span class=\"_ _1\"></span>parte de <span class=\"_ _1\"></span>la producci\u00f3n derivada <span class=\"_ _1\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>operaci\u00f3n conjunta y <span class=\"_ _1\"></span>sus <span class=\"_ _1\"></span>gastos, incluida la <span class=\"_ _1\"></span>parte que <span class=\"_ _1\"></span>le corres-<span class=\"_ _29d\"> </span>ponda de los gastos con<span class=\"_ _0\"></span>juntos.  Negocios <span class=\"_ _bf\"></span>conjuntos <span class=\"_ _0\"></span>son <span class=\"_ _bf\"></span>aquellos <span class=\"_ _0\"></span>acuerdos <span class=\"_ _0\"></span>en <span class=\"_ _bf\"></span>sociedades <span class=\"_ _bf\"></span>sobre <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>que <span class=\"_ _bf\"></span>existe <span class=\"_ _0\"></span>un <span class=\"_ _bf\"></span>acuerdo <span class=\"_ _0\"></span>contract<span class=\"_ _0\"></span>ual <span class=\"_ _0\"></span>con un <span class=\"_ _1\"></span>tercero <span class=\"_ _1\"></span>para <span class=\"_ _1\"></span>compartir el <span class=\"_ _1\"></span>control <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>su <span class=\"_ _1\"></span>actividad, y <span class=\"_ _1\"></span>las <span class=\"_ _c4\"></span>decisiones estrat\u00e9gicas <span class=\"_ _1\"></span>relativas <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>la actividad, tanto <span class=\"_ _c4\"></span>financieras <span class=\"_ _1\"></span>como <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>explotaci\u00f3n, <span class=\"_ _1\"></span>requieren <span class=\"_ _1\"></span>el <span class=\"_ _c4\"></span>consentimiento <span class=\"_ _c4\"></span>un\u00e1nime <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>todos <span class=\"_ _c8\"></span>los <span class=\"_ _c4\"></span>part\u00edcip<span class=\"_ _0\"></span>es <span class=\"_ _c4\"></span>que comparten e<span class=\"_ _0\"></span>l control. <span class=\"_ _0\"></span>Los <span class=\"_ _0\"></span>intereses del <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>empresas controla<span class=\"_ _0\"></span>das con<span class=\"_ _0\"></span>juntamente se <span class=\"_ _0\"></span>contabilizan <span class=\"_ _0\"></span>de acuerdo con la NIIF<span class=\"_ _0\"></span> 11 por el m\u00e9todo de la partici<span class=\"_ _0\"></span>paci\u00f3n.  La <span class=\"_ _0\"></span>adquisici\u00f3n <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>participaci\u00f3n <span class=\"_ _0\"></span>inicial <span class=\"_ _bf\"></span>y posterior <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>operaci\u00f3n <span class=\"_ _0\"></span>conjun<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>a <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>constituye<span class=\"_ _0\"></span> un <span class=\"_ _1\"></span>negocio <span class=\"_ _c4\"></span>se <span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>econoce<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>aplicando <span class=\"_ _1\"></span>los <span class=\"_ _c4\"></span>criterios <span class=\"_ _1\"></span>desarrollados <span class=\"_ _1\"></span>para <span class=\"_ _c4\"></span>las <span class=\"_ _1\"></span>combinacione<span class=\"_ _0\"></span>s <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>negocios <span class=\"_ _1\"></span>por <span class=\"_ _c4\"></span>el porcentaje <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>participa<span class=\"_ _0\"></span>ci\u00f3n <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>posee <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>activos <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>pasivo<span class=\"_ _0\"></span>s ind<span class=\"_ _0\"></span>ividuales. <span class=\"_ _0\"></span>No <span class=\"_ _0\"></span>obstante, <span class=\"_ _0\"></span>en<span class=\"_ _0\"></span> l<span class=\"_ _0\"></span>a ad<span class=\"_ _0\"></span>quisici\u00f3<span class=\"_ _0\"></span>n posterior de <span class=\"_ _0\"></span>una participaci\u00f3n<span class=\"_ _0\"></span> adicional <span class=\"_ _0\"></span>en una operaci\u00f3n co<span class=\"_ _0\"></span>njunta, la <span class=\"_ _0\"></span>participaci\u00f3n previa <span class=\"_ _0\"></span>en los a<span class=\"_ _0\"></span>ctivos y pasivos individu<span class=\"_ _0\"></span>ales no es objeto de revalo<span class=\"_ _0\"></span>rizaci\u00f3n.  En las transaccio<span class=\"_ _0\"></span>nes de venta o aporta<span class=\"_ _0\"></span>ci\u00f3n del Grupo a la<span class=\"_ _0\"></span>s operaciones c<span class=\"_ _0\"></span>onjuntas, s\u00f3lo se recono<span class=\"_ _0\"></span>cen los resultados correspon<span class=\"_ _0\"></span>dientes a la pa<span class=\"_ _0\"></span>rticipaci\u00f3n del res<span class=\"_ _0\"></span>to de operadores, sa<span class=\"_ _0\"></span>lvo que las p\u00e9rdida<span class=\"_ _0\"></span>s pongan de<span class=\"_ _0\"></span> manifiesto una p\u00e9rdid<span class=\"_ _0\"></span>a o deterioro<span class=\"_ _0\"></span> de valor de los ac<span class=\"_ _0\"></span>tivos transmitidos, en cu<span class=\"_ _0\"></span>yo caso, \u00e9stas se<span class=\"_ _0\"></span> reconocen \u00edntegramente. <span class=\"_ _0\"></span> En <span class=\"_ _0\"></span>las transaccio<span class=\"_ _0\"></span>nes de <span class=\"_ _0\"></span>compra <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Grupo, <span class=\"_ _0\"></span>a l<span class=\"_ _0\"></span>as op<span class=\"_ _0\"></span>eraciones con<span class=\"_ _0\"></span>juntas, s<span class=\"_ _0\"></span>\u00f3lo se <span class=\"_ _0\"></span>reconocen <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>resultados<span class=\"_ _0\"></span> cuando <span class=\"_ _c2\"></span>se <span class=\"_ _c2\"></span>vendan <span class=\"_ _c2\"></span>a <span class=\"_ _c2\"></span>t<span class=\"_ _1\"></span>erceros <span class=\"_ _c2\"></span>los <span class=\"_ _c2\"></span>activos <span class=\"_ _c2\"></span>adquiridos, <span class=\"_ _c2\"></span>salvo <span class=\"_ _c2\"></span>que <span class=\"_ _c2\"></span>las <span class=\"_ _c5\"></span>p\u00e9rdidas <span class=\"_ _c8\"></span>pongan <span class=\"_ _c5\"></span>de <span class=\"_ _c8\"></span>manifiesto <span class=\"_ _c5\"></span>una<span class=\"_ _0\"></span> p\u00e9rdida <span class=\"_ _1\"></span>o <span class=\"_ _c4\"></span>deterioro <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>valor <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>los <span class=\"_ _c4\"></span>activos <span class=\"_ _1\"></span>adquiridos, <span class=\"_ _1\"></span>en <span class=\"_ _c4\"></span>cuyo <span class=\"_ _c4\"></span>caso, <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>G<span class=\"_ _1\"></span>rupo <span class=\"_ _1\"></span>reconoce <span class=\"_ _1\"></span>\u00ed<span class=\"_ _1\"></span>ntegramente<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>la parte proporcion<span class=\"_ _0\"></span>al de las p\u00e9rdidas que le corresp<span class=\"_ _0\"></span>onden.   <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Entidades asociadas<span class=\"_ _29d\"> </span><span class=\"_ _0\"></span></span></span>Se <span class=\"_ _0\"></span>consideran en<span class=\"_ _0\"></span>tidades asocia<span class=\"_ _0\"></span>das, aquell<span class=\"_ _0\"></span>as sob<span class=\"_ _0\"></span>re las qu<span class=\"_ _0\"></span>e la <span class=\"_ _0\"></span>Sociedad<span class=\"_ _0\"></span>, directa <span class=\"_ _0\"></span>o indirecta<span class=\"_ _0\"></span>mente a <span class=\"_ _0\"></span>trav\u00e9s<span class=\"_ _0\"></span> de <span class=\"_ _1\"></span>dependientes, <span class=\"_ _1\"></span>ejerce influencia <span class=\"_ _1\"></span>significativa. <span class=\"_ _1\"></span>La <span class=\"_ _1\"></span>influencia <span class=\"_ _1\"></span>significativa<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>es <span class=\"_ _c4\"></span>el <span class=\"_ _1\"></span>poder <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>intervenir<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>en <span class=\"_ _1\"></span>las decisiones <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>pol\u00edtica financie<span class=\"_ _0\"></span>ra y <span class=\"_ _0\"></span>de explotaci\u00f3n<span class=\"_ _0\"></span> de <span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>entidad, sin <span class=\"_ _0\"></span>que s<span class=\"_ _0\"></span>uponga l<span class=\"_ _0\"></span>a existencia <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>control o de control conjunto sobre la misma. En la evalu<span class=\"_ _0\"></span>aci\u00f3n de la existencia de influencia<span class=\"_ _0\"></span> significativa, se con-<span class=\"_ _29d\"> </span>sideran <span class=\"_ _0\"></span>los <span class=\"_ _bf\"></span>derechos <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>voto po<span class=\"_ _0\"></span>tenciales <span class=\"_ _0\"></span>ejercita<span class=\"_ _0\"></span>bles <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>convertib<span class=\"_ _0\"></span>les <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>cha <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>cierre <span class=\"_ _bf\"></span>de cad<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>ejercicio<span class=\"_ _0\"></span>, considerando igualmen<span class=\"_ _0\"></span>te, los derechos de <span class=\"_ _0\"></span>voto potenciales pose\u00edd<span class=\"_ _0\"></span>os por el Grupo o por<span class=\"_ _0\"></span> otra entidad.  Las <span class=\"_ _1\"></span>inversiones en <span class=\"_ _c4\"></span>entidade<span class=\"_ _0\"></span>s <span class=\"_ _c4\"></span>asociadas<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>se <span class=\"_ _1\"></span>registran <span class=\"_ _1\"></span>por <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>m\u00e9todo <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>participaci\u00f3n <span class=\"_ _1\"></span>desde <span class=\"_ _1\"></span>la f<span class=\"_ _1\"></span>echa <span class=\"_ _1\"></span>en<span class=\"_ _0\"></span> la <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>ejerce <span class=\"_ _1\"></span>influencia <span class=\"_ _1\"></span>significativa<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>hasta <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>echa en <span class=\"_ _1\"></span>la <span class=\"_ _c4\"></span>que la <span class=\"_ _1\"></span>Sociedad <span class=\"_ _1\"></span>no <span class=\"_ _1\"></span>puede <span class=\"_ _1\"></span>seguir <span class=\"_ _1\"></span>justificando<span class=\"_ _29d\"> </span>la existencia de<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>la misma<span class=\"_ _0\"></span>. No obstante, si en la fecha de adquisic<span class=\"_ _0\"></span>i\u00f3n, toda o parte de la inve<span class=\"_ _0\"></span>rsi\u00f3n, cumple las condici<span class=\"_ _0\"></span>ones para cla<span class=\"_ _0\"></span>sificarse como<span class=\"_ _0\"></span> activos <span class=\"_ _0\"></span>no corrientes<span class=\"_ _0\"></span> o grupos<span class=\"_ _0\"></span> enaj<span class=\"_ _0\"></span>enables de eleme<span class=\"_ _0\"></span>ntos m<span class=\"_ _0\"></span>anteni-<span class=\"_ _29d\"> </span>dos <span class=\"_ _1\"></span>para <span class=\"_ _1\"></span>la <span class=\"_ _c4\"></span>venta, <span class=\"_ _c4\"></span>se <span class=\"_ _1\"></span>registra <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>valor <span class=\"_ _c4\"></span>razonable,<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>enos <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>costes <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>enajenaci\u00f3n <span class=\"_ _1\"></span>o <span class=\"_ _c4\"></span>disposici\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>por <span class=\"_ _c4\"></span>otra v\u00eda.  Las <span class=\"_ _bf\"></span>inversiones <span class=\"_ _0\"></span>en <span class=\"_ _bf\"></span>entidades <span class=\"_ _bf\"></span>asociadas <span class=\"_ _0\"></span>se <span class=\"_ _bf\"></span>reconocen <span class=\"_ _bf\"></span>inicialmente <span class=\"_ _bf\"></span>por <span class=\"_ _0\"></span>su <span class=\"_ _bf\"></span>coste <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>adquisici\u00f3n, <span class=\"_ _bf\"></span>incluyendo con <span class=\"_ _0\"></span>car\u00e1cter <span class=\"_ _bf\"></span>adicional cu<span class=\"_ _0\"></span>alquier <span class=\"_ _0\"></span>coste <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>rectamente <span class=\"_ _0\"></span>atribuible <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>a ad<span class=\"_ _0\"></span>quisici\u00f3n <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>cualquier <span class=\"_ _bf\"></span>contraprestaci\u00f3n contingente <span class=\"_ _c8\"></span>activa <span class=\"_ _c8\"></span>o <span class=\"_ _c8\"></span>pasiva <span class=\"_ _c8\"></span>que <span class=\"_ _c2\"></span>dependa <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>hechos <span class=\"_ _c4\"></span>futur<span class=\"_ _1\"></span>os <span class=\"_ _c8\"></span>o <span class=\"_ _c8\"></span>del <span class=\"_ _c8\"></span>cumplimiento <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>ciertas <span class=\"_ _c8\"></span>condiciones. Cualquie<span class=\"_ _0\"></span>r exceso <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>coste <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>adquisici\u00f3n <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>respecto <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la pa<span class=\"_ _0\"></span>rte de<span class=\"_ _0\"></span> los<span class=\"_ _0\"></span> val<span class=\"_ _0\"></span>ores <span class=\"_ _0\"></span>razonables <span class=\"_ _0\"></span>de l<span class=\"_ _0\"></span>os activos<span class=\"_ _0\"></span> netos identificables de <span class=\"_ _1\"></span>la empresa asociada atribuibles al Gr<span class=\"_ _1\"></span>upo en la <span class=\"_ _1\"></span>fecha de <span class=\"_ _1\"></span>adquisici\u00f3n, se considera Fondo <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>comercio <span class=\"_ _c2\"></span>y <span class=\"_ _c5\"></span>se <span class=\"_ _c2\"></span>presenta <span class=\"_ _c2\"></span>formando <span class=\"_ _c2\"></span>parte <span class=\"_ _c2\"></span>del <span class=\"_ _c2\"></span>saldo <span class=\"_ _c2\"></span>del <span class=\"_ _c5\"></span>ep\u00edgrafe <span class=\"_ _c8\"></span>de <span class=\"_ _c5\"></span>Inversione<span class=\"_ _0\"></span>s <span class=\"_ _c5\"></span>contabili<span class=\"_ _0\"></span>zadas aplicando el m\u00e9todo de la participaci\u00f3n del Estado de situaci\u00f3n financiera consolida<span class=\"_ _0\"></span>do. <span class=\"_ _1\"></span>Cualquier defecto del coste <span class=\"_ _1\"></span>de adquisici\u00f3n con r<span class=\"_ _1\"></span>especto<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>parte de los <span class=\"_ _1\"></span>valores razonables de <span class=\"_ _1\"></span>los activos netos <span class=\"_ _1\"></span>identifica-<span class=\"_ _29d\"> </span>bles <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>la <span class=\"_ _c8\"></span>empresa <span class=\"_ _c4\"></span>asociada <span class=\"_ _c8\"></span>que <span class=\"_ _c8\"></span>posee <span class=\"_ _c4\"></span>el <span class=\"_ _c8\"></span>Grupo <span class=\"_ _c8\"></span>en <span class=\"_ _c8\"></span>la <span class=\"_ _c4\"></span>fecha <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>adquisi<span class=\"_ _0\"></span>ci\u00f3n <span class=\"_ _c8\"></span>(es <span class=\"_ _c8\"></span>decir, <span class=\"_ _c8\"></span>descuento <span class=\"_ _c4\"></span>en <span class=\"_ _c8\"></span>la adquisici\u00f3n<span class=\"_ _0\"></span>) se <span class=\"_ _1\"></span>reconoce<span class=\"_ _0\"></span> en resultados en el per\u00edod<span class=\"_ _0\"></span>o de adquisici\u00f3n.  El <span class=\"_ _0\"></span>Grupo <span class=\"_ _bf\"></span>clasifica <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>resul<span class=\"_ _0\"></span>tado <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>est<span class=\"_ _1\"></span>as <span class=\"_ _bf\"></span>sociedades <span class=\"_ _0\"></span>dentro <span class=\"_ _bf\"></span>del <span class=\"_ _0\"></span>resultado <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>explotaci\u00f3n <span class=\"_ _0\"></span>cuando <span class=\"_ _bf\"></span>la a<span class=\"_ _0\"></span>ctividad de <span class=\"_ _1\"></span>la <span class=\"_ _c4\"></span>entidad <span class=\"_ _1\"></span>es <span class=\"_ _c4\"></span>an\u00e1loga<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>a <span class=\"_ _c4\"></span>las <span class=\"_ _1\"></span>actividades <span class=\"_ _1\"></span>operativas <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>Grupo. <span class=\"_ _c4\"></span>Por<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>el <span class=\"_ _c4\"></span>contrario, <span class=\"_ _1\"></span>cuando <span class=\"_ _1\"></span>la <span class=\"_ _c4\"></span>actividad <span class=\"_ _1\"></span>de estas sociedades es<span class=\"_ _0\"></span> distinta, se clasifica fuera del<span class=\"_ _0\"></span> resultado de explotaci\u00f3<span class=\"_ _0\"></span>n.   En <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>Anexo <span class=\"_ _1\"></span>I <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>muestra <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>detalle <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>sociedades <span class=\"_ _1\"></span>dependientes<span class=\"_ _0\"></span>, <span class=\"_ _1\"></span>acuerdos <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>negocios <span class=\"_ _1\"></span>conjuntos y <span class=\"_ _c4\"></span>em-<span class=\"_ _29d\"> </span>presas asociadas <span class=\"_ _0\"></span>de la So<span class=\"_ _0\"></span>ciedad as\u00ed como<span class=\"_ _0\"></span> el m\u00e9todo de <span class=\"_ _0\"></span>consolidaci\u00f3n <span class=\"_ _0\"></span>o valoraci\u00f3n que <span class=\"_ _0\"></span>se ha aplicad<span class=\"_ _0\"></span>o para la preparaci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>de las cu<span class=\"_ _0\"></span>entas anuales consolida<span class=\"_ _0\"></span>das adjuntas y otra infor<span class=\"_ _0\"></span>maci\u00f3n referente a las<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>mismas. <span class=\"_ _0\"></span> Los <span class=\"_ _c8\"></span>Estados <span class=\"_ _c4\"></span>f<span class=\"_ _1\"></span>inancie<span class=\"_ _0\"></span>ros <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>las <span class=\"_ _c8\"></span>entidades <span class=\"_ _c4\"></span>dependientes, <span class=\"_ _c4\"></span>de <span class=\"_ _c2\"></span>acuerdos<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>conjuntos, <span class=\"_ _c8\"></span>negocios <span class=\"_ _c4\"></span>conjuntos <span class=\"_ _c8\"></span>y <span class=\"_ _c8\"></span>em-<span class=\"_ _29d\"> </span>presas <span class=\"_ _c2\"></span>asociadas <span class=\"_ _c8\"></span>utilizados <span class=\"_ _c2\"></span>en <span class=\"_ _c2\"></span>el <span class=\"_ _c2\"></span>proceso <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>consolidaci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _c2\"></span>son <span class=\"_ _c2\"></span>r<span class=\"_ _1\"></span>elativos <span class=\"_ _c8\"></span>a <span class=\"_ _c5\"></span>una <span class=\"_ _c8\"></span>f<span class=\"_ _1\"></span>echa <span class=\"_ _c8\"></span>y <span class=\"_ _c5\"></span>a <span class=\"_ _c2\"></span>un <span class=\"_ _c2\"></span>periodo<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>que coincide con los de<span class=\"_ _0\"></span> la Sociedad matriz.  La <span class=\"_ _bf\"></span>consolidaci\u00f3n <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>las <span class=\"_ _bf\"></span>operaciones <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>la <span class=\"_ _bf\"></span>Socieda<span class=\"_ _0\"></span>d <span class=\"_ _bf\"></span>y <span class=\"_ _0\"></span>las<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>socie<span class=\"_ _0\"></span>dades <span class=\"_ _bf\"></span>dependientes <span class=\"_ _bf\"></span>se <span class=\"_ _bf\"></span>ha <span class=\"_ _bf\"></span>efectuado <span class=\"_ _bf\"></span>siguie<span class=\"_ _0\"></span>ndo los siguientes pri<span class=\"_ _0\"></span>ncipios b\u00e1sicos:   <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Los principio<span class=\"_ _0\"></span>s y criterios <span class=\"_ _0\"></span>contables u<span class=\"_ _0\"></span>tilizados por l<span class=\"_ _0\"></span>as empresas<span class=\"_ _0\"></span> del Grupo <span class=\"_ _0\"></span>han sido <span class=\"_ _0\"></span>homogeneizados co<span class=\"_ _0\"></span>n </span></span>los principios y criterio<span class=\"_ _0\"></span>s contables aplicados po<span class=\"_ _0\"></span>r la Sociedad matriz<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>   <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">La conversi\u00f3n de nego<span class=\"_ _0\"></span>cios en el extranjero: <span class=\"_ _0\"></span> </span></span>o<span class=\"ff5\"> <span class=\"_ _cd\"> </span><span class=\"ff3 fc1\">Los <span class=\"_ _1\"></span>estados f<span class=\"_ _1\"></span>inancie<span class=\"_ _0\"></span>ros de <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>sociedades <span class=\"_ _1\"></span>extranjeras se <span class=\"_ _1\"></span>han r<span class=\"_ _1\"></span>ealizado aplicand<span class=\"_ _0\"></span>o <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>m\u00e9todo <span class=\"_ _1\"></span>del </span></span>tipo <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>cambio <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>cierre para <span class=\"_ _c4\"></span>los <span class=\"_ _1\"></span>activos <span class=\"_ _1\"></span>y <span class=\"_ _c4\"></span>pasivos, <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>tipo <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>cambio <span class=\"_ _1\"></span>medio <span class=\"_ _1\"></span>para <span class=\"_ _c4\"></span>los <span class=\"_ _1\"></span>ingresos y gastos y el tipo de<span class=\"_ _0\"></span> cambio hist\u00f3rico para Capital y<span class=\"_ _0\"></span> Reservas.  o<span class=\"ff5\"> <span class=\"_ _cd\"> </span><span class=\"ff3 fc1\">Las <span class=\"_ _c8\"></span>diferencias <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>cambio <span class=\"_ _c8\"></span>r<span class=\"_ _1\"></span>esultantes<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>de <span class=\"_ _c8\"></span>la <span class=\"_ _c8\"></span>aplicaci\u00f3n <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>los <span class=\"_ _c2\"></span>criterios <span class=\"_ _c8\"></span>anteriores<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>se <span class=\"_ _c8\"></span>reconocen </span></span>como diferencias<span class=\"_ _0\"></span> de conversi\u00f3n en Otro resultad<span class=\"_ _0\"></span>o global.  o<span class=\"ff5\"> <span class=\"_ _cd\"> </span><span class=\"ff3 fc1\">Este <span class=\"_ _c2\"></span>m<span class=\"_ _1\"></span>ismo <span class=\"_ _c2\"></span>criterio <span class=\"_ _c2\"></span>es <span class=\"_ _c5\"></span>apli<span class=\"_ _0\"></span>cable <span class=\"_ _c2\"></span>a <span class=\"_ _c5\"></span>la <span class=\"_ _c2\"></span>conversi\u00f3n <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>los <span class=\"_ _c2\"></span>estados <span class=\"_ _c5\"></span>financiero<span class=\"_ _0\"></span>s <span class=\"_ _c5\"></span>de <span class=\"_ _c2\"></span>las <span class=\"_ _c5\"></span>sociedad<span class=\"_ _0\"></span>es </span></span>contabilizadas por <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>m\u00e9todo de <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>participaci\u00f3n, reconociendo las <span class=\"_ _1\"></span>diferencias de <span class=\"_ _c4\"></span>conversi\u00f3n co-<span class=\"_ _29d\"> </span>rrespondientes a la<span class=\"_ _0\"></span> participaci\u00f3n del Grupo en Ot<span class=\"_ _0\"></span>ro resultado global.   <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Todos los <span class=\"_ _0\"></span>saldos y transa<span class=\"_ _0\"></span>cciones entre las <span class=\"_ _0\"></span>sociedades conso<span class=\"_ _0\"></span>lidadas por integraci\u00f3<span class=\"_ _0\"></span>n global se <span class=\"_ _0\"></span>han eli<span class=\"_ _0\"></span>mi-<span class=\"_ _29d\"> </span></span></span>nado en el proceso de<span class=\"_ _0\"></span> consolidaci\u00f3n.   <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Los <span class=\"_ _bf\"></span>m\u00e1rgenes <span class=\"_ _bf\"></span>incluidos <span class=\"_ _bf\"></span>en <span class=\"_ _bf\"></span>la <span class=\"_ _bf\"></span>facturaci\u00f3n <span class=\"_ _bf\"></span>entre <span class=\"_ _bf\"></span>sociedades <span class=\"_ _bf\"></span>del <span class=\"_ _bf\"></span>Grupo <span class=\"_ _bf\"></span>por <span class=\"_ _bf\"></span>bienes <span class=\"_ _bf\"></span>o <span class=\"_ _bf\"></span>servicios <span class=\"_ _bf\"></span>capitalizable<span class=\"_ _0\"></span>s </span></span>se han eliminado en el <span class=\"_ _0\"></span>momento de reali<span class=\"_ _0\"></span>zarse <span class=\"_ _1\"></span>la <span class=\"_ _0\"></span>operaci\u00f3n. e) <span class=\"_ _c7\"> </span>Participaciones no dominante<span class=\"_ _0\"></span>s<span class=\"ff3 fc1\">  </span>Para <span class=\"_ _c2\"></span>cada <span class=\"_ _c8\"></span>combinaci\u00f3n <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>negocios, <span class=\"_ _c2\"></span>el <span class=\"_ _c2\"></span>Grupo <span class=\"_ _c8\"></span>valora <span class=\"_ _c2\"></span>en <span class=\"_ _c8\"></span>la <span class=\"_ _c2\"></span>f<span class=\"_ _1\"></span>echa <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>adquisi<span class=\"_ _0\"></span>ci\u00f3n, <span class=\"_ _c2\"></span>los <span class=\"_ _c2\"></span>componentes <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>las participaciones <span class=\"_ _0\"></span>no <span class=\"_ _0\"></span>domina<span class=\"_ _0\"></span>ntes en<span class=\"_ _0\"></span> la <span class=\"_ _0\"></span>entidad<span class=\"_ _0\"></span> adquiri<span class=\"_ _0\"></span>da que <span class=\"_ _0\"></span>constituyen<span class=\"_ _0\"></span> parti<span class=\"_ _0\"></span>cipaciones <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>propiedad <span class=\"_ _0\"></span>actuales<span class=\"_ _0\"></span> y <span class=\"_ _1\"></span>otorguen <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>sus <span class=\"_ _1\"></span>tenedores <span class=\"_ _1\"></span>derecho a <span class=\"_ _1\"></span>una <span class=\"_ _1\"></span>parte <span class=\"_ _1\"></span>proporcional <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>activos <span class=\"_ _1\"></span>netos <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>entidad en <span class=\"_ _c4\"></span>caso<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>de liquida<span class=\"_ _0\"></span>ci\u00f3n, bien por:<span class=\"_ _0\"></span> (a) <span class=\"_ _0\"></span>el valor ra<span class=\"_ _0\"></span>zonable; <span class=\"_ _0\"></span>bien por <span class=\"_ _0\"></span>(b) la<span class=\"_ _0\"></span> parte propo<span class=\"_ _0\"></span>rcional q<span class=\"_ _0\"></span>ue los in<span class=\"_ _0\"></span>strumentos d<span class=\"_ _0\"></span>e propie<span class=\"_ _0\"></span>-<span class=\"_ _29d\"> </span>dad actuale<span class=\"_ _0\"></span>s represen<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>en<span class=\"_ _0\"></span> en los <span class=\"_ _0\"></span>importes <span class=\"_ _0\"></span>reconocidos de<span class=\"_ _0\"></span> los ac<span class=\"_ _0\"></span>tivos netos <span class=\"_ _0\"></span>identificables d<span class=\"_ _0\"></span>e la a<span class=\"_ _0\"></span>dquirida. Las<span class=\"_ _0\"></span> participaciones no domina<span class=\"_ _0\"></span>ntes se presentan en el Patrimonio neto consolidado de forma sepa<span class=\"_ _0\"></span>rada del Patri-<span class=\"_ _29d\"> </span>monio <span class=\"_ _c9\"> </span>a<span class=\"_ _0\"></span>tribuido <span class=\"_ _c9\"> </span>a <span class=\"_ _c0\"> </span>los <span class=\"_ _c0\"> </span>accionistas <span class=\"_ _c0\"> </span>de <span class=\"_ _c9\"> </span>la <span class=\"_ _c0\"> </span>Sociedad. <span class=\"_ _c0\"> </span>Las <span class=\"_ _c9\"> </span>participa<span class=\"_ _0\"></span>ciones <span class=\"_ _c0\"> </span>no <span class=\"_ _c9\"> </span>dominan<span class=\"_ _0\"></span>tes <span class=\"_ _c9\"> </span>en <span class=\"_ _c0\"> </span>los <span class=\"_ _c0\"> </span>Resultados<span class=\"_ _29d\"> </span><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:864.9376px;\">consolidad<span class=\"_ _0\"></span>os <span class=\"_ _c8\"></span>del <span class=\"_ _1\"></span>ej<span class=\"_ _1\"></span>ercicio<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>y <span class=\"_ _c8\"></span>en <span class=\"_ _1\"></span>el <span class=\"_ _c4\"></span>Estado <span class=\"_ _1\"></span>consolidado <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>resultados <span class=\"_ _c4\"></span>glob<span class=\"_ _0\"></span>al <span class=\"_ _c4\"></span>del <span class=\"_ _c4\"></span>ejercicio <span class=\"_ _1\"></span>se <span class=\"_ _c4\"></span>presentan <span class=\"_ _c4\"></span>igual-<span class=\"_ _29d\"> </span></div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:848.4017px;\">mente de forma separad<span class=\"_ _0\"></span>a.  </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:825.46967px;\">Las <span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>ansaccione<span class=\"_ _0\"></span>s <span class=\"_ _c4\"></span>con <span class=\"_ _c4\"></span>participaciones <span class=\"_ _1\"></span>no <span class=\"_ _c4\"></span>dominantes <span class=\"_ _1\"></span>se <span class=\"_ _c4\"></span>registran <span class=\"_ _1\"></span>como <span class=\"_ _c4\"></span>transacciones <span class=\"_ _1\"></span>con <span class=\"_ _c4\"></span>los <span class=\"_ _c4\"></span>prop<span class=\"_ _0\"></span>ietarios </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:809.08966px;\">del <span class=\"_ _1\"></span>P<span class=\"_ _1\"></span>atrimonio <span class=\"_ _1\"></span>del <span class=\"_ _c4\"></span>Grupo. <span class=\"_ _c4\"></span>Por <span class=\"_ _c4\"></span>ello, <span class=\"_ _c4\"></span>en <span class=\"_ _c8\"></span>las <span class=\"_ _1\"></span>compras <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>participacion<span class=\"_ _0\"></span>es <span class=\"_ _c4\"></span>no <span class=\"_ _c4\"></span>dominantes, <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>diferencia <span class=\"_ _1\"></span>entre <span class=\"_ _c8\"></span>la </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:792.55365px;\">contraprestaci\u00f3n <span class=\"_ _c4\"></span>abonada <span class=\"_ _c8\"></span>y <span class=\"_ _c2\"></span>la <span class=\"_ _c8\"></span>correspondiente <span class=\"_ _c8\"></span>proporci\u00f3n <span class=\"_ _c8\"></span>del <span class=\"_ _c8\"></span>importe <span class=\"_ _c8\"></span>en <span class=\"_ _c2\"></span>libros <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>los <span class=\"_ _c8\"></span>activos <span class=\"_ _c8\"></span>netos <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>la </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:776.17365px;\">dependiente se regis<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>ra en el Patrimonio neto. D<span class=\"_ _0\"></span>e la misma forma las ganancias o p\u00e9rdidas por enajenaci\u00f3n<span class=\"_ _0\"></span> </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:759.63763px;\">de participacion<span class=\"_ _0\"></span>es no dominantes se reconocen<span class=\"_ _0\"></span> igualmente en el Patrimo<span class=\"_ _0\"></span>nio neto del Grupo. </div><div class=\"t m0 he ff5 fs1 fc2 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:713.7736px;\">f) <span class=\"_ _59\"> </span>Comparabilidad de <span class=\"_ _0\"></span>la informaci\u00f3n<span class=\"ff3 fc1\">  </span></div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:690.8416px;\">Las <span class=\"_ _c8\"></span>cuentas <span class=\"_ _c4\"></span>anuales <span class=\"_ _c8\"></span>consoli<span class=\"_ _0\"></span>dadas <span class=\"_ _c8\"></span>se <span class=\"_ _c8\"></span>presentan <span class=\"_ _c4\"></span>a <span class=\"_ _c8\"></span>efectos <span class=\"_ _c8\"></span>comparativos<span class=\"_ _0\"></span>, <span class=\"_ _c8\"></span>con <span class=\"_ _c8\"></span>cada <span class=\"_ _c8\"></span>una <span class=\"_ _c8\"></span>de <span class=\"_ _c4\"></span>las <span class=\"_ _c8\"></span>partidas <span class=\"_ _c4\"></span>del </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:674.4617px;\">Estado de si<span class=\"_ _0\"></span>tuaci\u00f3n financiera consolid<span class=\"_ _0\"></span>ado, de la Cuenta<span class=\"_ _0\"></span> de resultados con<span class=\"_ _0\"></span>solidada, del Estado<span class=\"_ _0\"></span> consolidado </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:657.92566px;\">de <span class=\"_ _c8\"></span>resultados <span class=\"_ _c8\"></span>global, <span class=\"_ _c4\"></span>del <span class=\"_ _c8\"></span>Estado <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>cambios <span class=\"_ _c8\"></span>en <span class=\"_ _c4\"></span>el <span class=\"_ _c8\"></span>Patri<span class=\"_ _1\"></span>monio<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>Neto <span class=\"_ _c8\"></span>consolidado <span class=\"_ _c4\"></span>y <span class=\"_ _c2\"></span>del <span class=\"_ _c8\"></span>Estado <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>Flujos <span class=\"_ _c8\"></span>de<span class=\"_ _0\"></span> </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:641.54565px;\">Efectivo consolida<span class=\"_ _0\"></span>do, adem\u00e1s de las cifras del e<span class=\"_ _0\"></span>jercicio corriente, las corr<span class=\"_ _0\"></span>espondientes al ejercici<span class=\"_ _0\"></span>o anterior.  </div><div class=\"t m0 he ff5 fs1 fc2 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:595.68164px;\">g) <span class=\"_ _ca\"> </span>Variaciones en el per\u00ed<span class=\"_ _0\"></span>metro de consolidaci\u00f3n<span class=\"ff3 fc1\">  </span></div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:572.74963px;\">Durante el ejercici<span class=\"_ _0\"></span>o 2022 se han produci<span class=\"_ _0\"></span>do las siguientes variacio<span class=\"_ _0\"></span>nes en el per\u00edmetro de consolid<span class=\"_ _0\"></span>aci\u00f3n:  </div><div class=\"t m0 he ff9 fs1 fc2 sc1 ls0 ws0\" style=\"left:0.00737381px; bottom:548.72565px;\"> <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Con <span class=\"_ _c5\"></span>fecha <span class=\"_ _c2\"></span>31 <span class=\"_ _c5\"></span>de <span class=\"_ _c5\"></span>enero <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>2022, <span class=\"_ _c2\"></span>se <span class=\"_ _c5\"></span>ha <span class=\"_ _c5\"></span>hecho <span class=\"_ _c2\"></span>efectiva <span class=\"_ _c5\"></span>la <span class=\"_ _c5\"></span>adquisi<span class=\"_ _0\"></span>ci\u00f3n <span class=\"_ _c5\"></span>de <span class=\"_ _c2\"></span>la <span class=\"_ _c5\"></span>totalidad <span class=\"_ _c5\"></span>de <span class=\"_ _c2\"></span>las <span class=\"_ _c5\"></span>accion<span class=\"_ _0\"></span>es </span></span></div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:532.34564px;\">ordinarias no<span class=\"_ _0\"></span>minativas y<span class=\"_ _0\"></span> representativas<span class=\"_ _0\"></span> del 1<span class=\"_ _0\"></span>00% del<span class=\"_ _0\"></span> capital <span class=\"_ _0\"></span>social de <span class=\"_ _0\"></span>Rialma <span class=\"_ _0\"></span>Transmissora<span class=\"_ _0\"></span> de E<span class=\"_ _0\"></span>nergia </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:515.96564px;\">III <span class=\"_ _0\"></span>S.A. <span class=\"_ _bf\"></span>(\u201cRialma <span class=\"_ _bf\"></span>III\u201d), <span class=\"_ _0\"></span>la <span class=\"_ _bf\"></span>cual <span class=\"_ _bf\"></span>cambi\u00f3 <span class=\"_ _0\"></span>en <span class=\"_ _bf\"></span>la <span class=\"_ _bf\"></span>m<span class=\"_ _1\"></span>isma <span class=\"_ _bf\"></span>fecha <span class=\"_ _bf\"></span>su <span class=\"_ _0\"></span>raz\u00f3n <span class=\"_ _bf\"></span>social <span class=\"_ _bf\"></span>a <span class=\"_ _0\"></span>\u201cArgo <span class=\"_ _bf\"></span>IV <span class=\"_ _0\"></span>Trans<span class=\"_ _0\"></span>miss\u00e3o <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>Energia<span class=\"_ _0\"></span> </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:499.42963px;\">S.A.\u201d. Esta <span class=\"_ _1\"></span>adquisici\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _1\"></span>se ha r<span class=\"_ _1\"></span>ealizado<span class=\"_ _0\"></span>, <span class=\"_ _1\"></span>tras el <span class=\"_ _1\"></span>cumplimien<span class=\"_ _0\"></span>to <span class=\"_ _1\"></span>de las condiciones suspensivas y <span class=\"_ _1\"></span>la obten-<span class=\"_ _29d\"> </span></div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:483.04962px;\">ci\u00f3n <span class=\"_ _c5\"></span>de <span class=\"_ _c5\"></span>las <span class=\"_ _c5\"></span>aproba<span class=\"_ _0\"></span>ciones <span class=\"_ _c5\"></span>que <span class=\"_ _c5\"></span>se <span class=\"_ _c5\"></span>establecieron <span class=\"_ _c2\"></span>en <span class=\"_ _c5\"></span>el <span class=\"_ _c5\"> </span>contrato <span class=\"_ _c5\"></span>que <span class=\"_ _c5\"></span>Argo<span class=\"_ _0\"></span> <span class=\"_ _c5\"> </span>Energia <span class=\"_ _c5\"> </span>Empreendimen<span class=\"_ _0\"></span>tos <span class=\"_ _c5\"> </span>e </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:466.5136px;\">Participa\u00e7\u00f5es <span class=\"_ _1\"></span>S.A. <span class=\"_ _c4\"></span>(\u201cArgo\u201d), <span class=\"_ _1\"></span>sociedad <span class=\"_ _1\"></span>participada al <span class=\"_ _c4\"></span>50% <span class=\"_ _c4\"></span>por <span class=\"_ _1\"></span>Red <span class=\"_ _c4\"></span>Electric<span class=\"_ _0\"></span>a <span class=\"_ _c4\"></span>Brasil, <span class=\"_ _1\"></span>suscribi\u00f3 <span class=\"_ _1\"></span>con <span class=\"_ _c4\"></span>Rialma </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:450.1336px;\">Administra\u00e7\u00e3o e Pa<span class=\"_ _0\"></span>rticipa\u00e7\u00f5es S.A., el 3 de novie<span class=\"_ _0\"></span>mbre de 2021.  </div><div class=\"t m0 he ff9 fs1 fc2 sc1 ls0 ws0\" style=\"left:0.00737381px; bottom:426.10962px;\"> <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">El <span class=\"_ _c2\"></span>29 <span class=\"_ _c5\"></span>de <span class=\"_ _c8\"></span>j<span class=\"_ _1\"></span>unio <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>2022,<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>tras <span class=\"_ _c2\"></span>las <span class=\"_ _c2\"></span>pertinentes <span class=\"_ _c2\"></span>aprobaciones, <span class=\"_ _c2\"></span>se <span class=\"_ _c2\"></span>ha <span class=\"_ _c2\"></span>m<span class=\"_ _1\"></span>ateri<span class=\"_ _0\"></span>alizado <span class=\"_ _c2\"></span>la <span class=\"_ _c5\"></span>transmisi\u00f3n <span class=\"_ _c8\"></span>de <span class=\"_ _c5\"></span>una </span></span></div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:409.7296px;\">participaci\u00f3n <span class=\"_ _bf\"></span>minoritaria <span class=\"_ _bf\"></span>del <span class=\"_ _0\"></span>49% <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>Red <span class=\"_ _0\"></span>El\u00e9ctrica<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>Infraestructuras<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>Telecomunicaci\u00f3n, <span class=\"_ _0\"></span>S.A.U <span class=\"_ _bf\"></span>(Reintel)<span class=\"_ _0\"></span>, </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:393.34964px;\">seg\u00fan <span class=\"_ _c4\"></span>el <span class=\"_ _c8\"></span>acuerdo <span class=\"_ _1\"></span>suscr<span class=\"_ _1\"></span>ito <span class=\"_ _c4\"></span>entre <span class=\"_ _c4\"></span>Red <span class=\"_ _c4\"></span>El\u00e9ctrica <span class=\"_ _c4\"></span>Corporaci\u00f3n, <span class=\"_ _c4\"></span>S.A. <span class=\"_ _c4\"></span>y <span class=\"_ _c8\"></span>Kohlberg <span class=\"_ _c4\"></span>Kravis <span class=\"_ _c4\"></span>Roberts <span class=\"_ _c4\"></span>&amp; <span class=\"_ _c8\"></span>Co. <span class=\"_ _c4\"></span>L.P.<span class=\"_ _0\"></span> </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:376.96967px;\">(KKR, en adelan<span class=\"_ _0\"></span>te) a trav\u00e9s de su<span class=\"_ _0\"></span> filial Rudolp<span class=\"_ _0\"></span>h Bidco S.\u00c0.R.L, el<span class=\"_ _0\"></span> 16 de dicie<span class=\"_ _0\"></span>mbre de 2021. Despu<span class=\"_ _0\"></span>\u00e9s de </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:360.43362px;\">esta <span class=\"_ _0\"></span>operaci\u00f3n,<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>Redeia<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>mantiene<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>control <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>eintel, <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>una<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>participaci\u00f3n <span class=\"_ _bf\"></span>del <span class=\"_ _0\"></span>51%, <span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>lo <span class=\"_ _bf\"></span>que <span class=\"_ _0\"></span>contin\u00faa<span class=\"_ _0\"></span> </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:344.05365px;\">consolid\u00e1n<span class=\"_ _0\"></span>dose <span class=\"_ _0\"></span>como <span class=\"_ _bf\"></span>entidad <span class=\"_ _bf\"></span>dependiente, <span class=\"_ _0\"></span>regis<span class=\"_ _0\"></span>tr\u00e1ndose <span class=\"_ _bf\"></span>una <span class=\"_ _bf\"></span>var<span class=\"_ _1\"></span>iaci\u00f3n <span class=\"_ _bf\"></span>en <span class=\"_ _bf\"></span>el <span class=\"_ _0\"></span>per\u00edmetro <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>consoli<span class=\"_ _0\"></span>daci\u00f3n </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:327.51764px;\">a partir de esta fecha.<span class=\"_ _0\"></span>  </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:304.58566px;\">Esta transacci\u00f3n<span class=\"_ _0\"></span> no gen<span class=\"_ _0\"></span>era impacto en<span class=\"_ _0\"></span> la cuenta <span class=\"_ _0\"></span>de Resultados C<span class=\"_ _0\"></span>onsolidada <span class=\"_ _0\"></span>por tratarse de<span class=\"_ _0\"></span> la venta d<span class=\"_ _0\"></span>e </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:288.20563px;\">un <span class=\"_ _1\"></span>por<span class=\"_ _1\"></span>centaje minoritario <span class=\"_ _c4\"></span>manteniendo <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>Grupo <span class=\"_ _1\"></span>el <span class=\"_ _c4\"></span>control <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>la <span class=\"_ _1\"></span>Sociedad. <span class=\"_ _1\"></span>El <span class=\"_ _c4\"></span>impacto <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>esta <span class=\"_ _1\"></span>venta <span class=\"_ _c4\"></span>ha<span class=\"_ _0\"></span> </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:271.66965px;\">supuesto <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>aumento <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>Patrimonio <span class=\"_ _c4\"></span>Neto atribuido <span class=\"_ _1\"></span>a <span class=\"_ _c4\"></span>la <span class=\"_ _1\"></span>Sociedad <span class=\"_ _1\"></span>dominante <span class=\"_ _1\"></span>en <span class=\"_ _c4\"></span>el <span class=\"_ _1\"></span>ep\u00edgrafe <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>Otras </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:255.28967px;\">reservas <span class=\"_ _c2\"></span>por <span class=\"_ _c2\"></span>importe <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>920,8 <span class=\"_ _c5\"></span>millones <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>eu<span class=\"_ _0\"></span>ros <span class=\"_ _c2\"></span>(ver <span class=\"_ _c5\"></span>nota <span class=\"_ _c2\"></span>14.b), <span class=\"_ _c2\"></span>as\u00ed <span class=\"_ _c2\"></span>como <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>las <span class=\"_ _c2\"></span>Participacione<span class=\"_ _0\"></span>s <span class=\"_ _c5\"></span>no </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:238.9096px;\">dominantes por impo<span class=\"_ _0\"></span>rte de 34,9 millones de<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>euros (ver nota<span class=\"_ _0\"></span> 14.c).  </div><div class=\"t m0 he ff9 fs1 fc2 sc1 ls0 ws0\" style=\"left:0.00737381px; bottom:214.88568px;\"> <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Con <span class=\"_ _1\"></span>fecha <span class=\"_ _c4\"></span>9 <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>agosto <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>2022, <span class=\"_ _c4\"></span>tras <span class=\"_ _1\"></span>las <span class=\"_ _c4\"></span>pertinente<span class=\"_ _0\"></span>s <span class=\"_ _c4\"></span>aprobaciones, <span class=\"_ _1\"></span>Hispasat, <span class=\"_ _1\"></span>S.A. <span class=\"_ _c4\"></span>ha <span class=\"_ _1\"></span>hecho <span class=\"_ _1\"></span>ef<span class=\"_ _1\"></span>ectiva <span class=\"_ _1\"></span>la </span></span></div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:198.50562px;\">adquisici\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>la <span class=\"_ _bf\"></span>totalidad <span class=\"_ _bf\"></span>del <span class=\"_ _bf\"></span>100% <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>las <span class=\"_ _bf\"></span>participaciones <span class=\"_ _bf\"></span>sociales <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>Axes<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>Netwo<span class=\"_ _0\"></span>rks <span class=\"_ _0\"></span>So<span class=\"_ _0\"></span>lutions <span class=\"_ _bf\"></span>Holding, </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:182.12564px;\">S.L. <span class=\"_ _c8\"></span>(\u201cAxess\u201d). <span class=\"_ _c4\"></span>Redeia <span class=\"_ _c8\"></span>posee <span class=\"_ _c4\"></span>el <span class=\"_ _c8\"></span>89,68% <span class=\"_ _c8\"></span>del <span class=\"_ _c4\"></span>Grupo <span class=\"_ _c8\"></span>Hispasat, <span class=\"_ _c4\"></span>y <span class=\"_ _c8\"></span>por <span class=\"_ _c8\"></span>tanto <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>estas <span class=\"_ _c8\"></span>participacion<span class=\"_ _0\"></span>es <span class=\"_ _c8\"></span>y <span class=\"_ _c8\"></span>de </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:165.58966px;\">sus subsidiarias. El subg<span class=\"_ _0\"></span>rupo Axess se consolid<span class=\"_ _0\"></span>a por Integraci\u00f3n <span class=\"_ _0\"></span>G<span class=\"_ _1\"></span>lobal.  <span class=\"_ _0\"></span> </div><div class=\"t m0 he ff9 fs1 fc2 sc1 ls0 ws0\" style=\"left:0.00737381px; bottom:141.72162px;\"> <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Asimismo, <span class=\"_ _1\"></span>con fecha <span class=\"_ _1\"></span>7 <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>octubre <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>2022, Axess <span class=\"_ _1\"></span>Net<span class=\"_ _1\"></span>works<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>Solutions, <span class=\"_ _1\"></span>S.L.U. <span class=\"_ _1\"></span>ha <span class=\"_ _1\"></span>adquirido <span class=\"_ _1\"></span>al socio <span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>i-<span class=\"_ _29d\"> </span></span></span></div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:125.341644px;\">noritario <span class=\"_ _c9\"> </span>el <span class=\"_ _c0\"> </span>40% <span class=\"_ _c9\"> </span>del <span class=\"_ _c0\"> </span>capital <span class=\"_ _c9\"> </span>social <span class=\"_ _c0\"> </span>de <span class=\"_ _c9\"> </span>Axess <span class=\"_ _c0\"> </span>Networks <span class=\"_ _c9\"> </span>Solutions <span class=\"_ _c9\"> </span>Chil<span class=\"_ _0\"></span>e, <span class=\"_ _c9\"> </span>S.A. <span class=\"_ _c9\"> </span>(sociedad<span class=\"_ _0\"></span> <span class=\"_ _c9\"> </span>del <span class=\"_ _c0\"> </span>subgrupo </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:108.80562px;\">Axess). Esta <span class=\"_ _c4\"></span>operaci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _1\"></span>no <span class=\"_ _1\"></span>ha <span class=\"_ _1\"></span>supuesto cambio <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>el m<span class=\"_ _1\"></span>\u00e9todo <span class=\"_ _1\"></span>de integraci\u00f3n, que <span class=\"_ _1\"></span>sigue <span class=\"_ _1\"></span>consolid\u00e1ndose<span class=\"_ _0\"></span> </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:92.42563px;\">por integraci\u00f3n global. <span class=\"_ _0\"></span> </div><div class=\"t m0 he ff9 fs1 fc2 sc1 ls0 ws0\" style=\"left:0.00737381px; bottom:68.40161px;\"> <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Con fecha 30 de noviem<span class=\"_ _0\"></span>bre <span class=\"_ _1\"></span>de 2022, se ha hecho efectiva la adquisi<span class=\"_ _0\"></span>ci\u00f3n de la totalidad de las accione<span class=\"_ _0\"></span>s </span></span></div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:52.02162px;\">ordinarias <span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>minativas <span class=\"_ _0\"></span>y <span class=\"_ _bf\"></span>representativas <span class=\"_ _0\"></span>del <span class=\"_ _bf\"></span>100% <span class=\"_ _0\"></span>del <span class=\"_ _bf\"></span>capital <span class=\"_ _0\"></span>social <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>cinco <span class=\"_ _bf\"></span>concesiones <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>transmisi\u00f3n<span class=\"_ _0\"></span> </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:35.641647px;\">el\u00e9ctrica (\u201cAr<span class=\"_ _1\"></span>go V, <span class=\"_ _1\"></span>VI, <span class=\"_ _1\"></span>VII, VIII <span class=\"_ _1\"></span>y IX\u201d) a <span class=\"_ _1\"></span>Brasil Energ\u00eda <span class=\"_ _1\"></span>FIP. Esta <span class=\"_ _1\"></span>inversi\u00f3n se <span class=\"_ _1\"></span>ha <span class=\"_ _1\"></span>llevado a <span class=\"_ _1\"></span>cabo <span class=\"_ _1\"></span>mediant<span class=\"_ _0\"></span>e </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:19.105621px;\">la <span class=\"_ _c8\"></span>inversi\u00f3n <span class=\"_ _c4\"></span>conj<span class=\"_ _1\"></span>unta <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>Argo <span class=\"_ _c8\"></span>Energ\u00eda <span class=\"_ _c8\"></span>(62,5%) <span class=\"_ _c8\"></span>y <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>Grupo <span class=\"_ _c2\"></span>de <span class=\"_ _c8\"></span>Energ\u00eda <span class=\"_ _c8\"></span>Bogot\u00e1 <span class=\"_ _c8\"></span>(GEB) <span class=\"_ _c8\"></span>(37,5%) <span class=\"_ _c8\"></span>bajo <span class=\"_ _c8\"></span>un </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:2.7256317px;\">modelo de cogobernanz<span class=\"_ _0\"></span>a entre Redeia y GEB.<span class=\"_ _29d\"> </span><span class=\"_ _0\"></span> </div><div class=\"t m0 he ff9 fs1 fc2 sc1 ls0 ws0\" style=\"left:0.00737381px; bottom:640.92377px;\"> <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">El 13 de diciembre de 202<span class=\"_ _0\"></span>2 ha t<span class=\"_ _1\"></span>enido luga<span class=\"_ _0\"></span>r la fusi\u00f3n por absorci\u00f3n de Axe<span class=\"_ _0\"></span>ss Networks Solutions, S<span class=\"_ _0\"></span>.L.U. </span></span></div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:624.54376px;\">y Axess Networks Solu<span class=\"_ _0\"></span>tions Holding, S.L. quedan<span class=\"_ _0\"></span>do disuelta y extinguida<span class=\"_ _0\"></span> esta \u00faltima.  </div><div class=\"t m0 he ff9 fs1 fc2 sc1 ls0 ws0\" style=\"left:0.00737381px; bottom:600.5198px;\"> <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Por <span class=\"_ _1\"></span>\u00faltimo, <span class=\"_ _c4\"></span>con <span class=\"_ _c4\"></span>fecha <span class=\"_ _c4\"></span>21 <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>diciembre <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>2022, <span class=\"_ _1\"></span>Hispasat, <span class=\"_ _c4\"></span>S.A., <span class=\"_ _c4\"></span>sociedad <span class=\"_ _1\"></span>participada <span class=\"_ _1\"></span>por <span class=\"_ _c4\"></span>Redeia <span class=\"_ _1\"></span>en <span class=\"_ _c4\"></span>un </span></span></div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:584.1398px;\">89,68%, <span class=\"_ _1\"></span>ha <span class=\"_ _1\"></span>adquirido un <span class=\"_ _1\"></span>10,85% <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>capital <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>Grupo <span class=\"_ _1\"></span>Sylvestris, <span class=\"_ _1\"></span>S.L en <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>mantiene <span class=\"_ _1\"></span>influencia <span class=\"_ _1\"></span>sig-<span class=\"_ _29d\"> </span></div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:567.75977px;\">nificativa y por tanto,<span class=\"_ _0\"></span> consolida por el m\u00e9todo de<span class=\"_ _0\"></span> la participaci\u00f3n (ver nota 1<span class=\"_ _0\"></span>1).  </div><div class=\"t m0 he ff9 fs1 fc2 sc1 ls0 ws0\" style=\"left:0.00737381px; bottom:543.7358px;\"> <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Durante el <span class=\"_ _1\"></span>ejercicio 2022 la <span class=\"_ _1\"></span>Sociedad, a <span class=\"_ _1\"></span>trav\u00e9s de <span class=\"_ _1\"></span>su sociedad Red <span class=\"_ _1\"></span>El\u00e9ctrica y <span class=\"_ _1\"></span>de Telecomunicacione<span class=\"_ _0\"></span>s, </span></span></div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:527.3558px;\">Innovaci\u00f3n y<span class=\"_ _0\"></span> Tecnolog\u00eda, <span class=\"_ _0\"></span>S.A.U. (Elewi<span class=\"_ _0\"></span>t), adquiri\u00f3 <span class=\"_ _0\"></span>un 13,07<span class=\"_ _0\"></span>% del capita<span class=\"_ _0\"></span>l de<span class=\"_ _0\"></span> la Sociedad <span class=\"_ _0\"></span>OKTO G<span class=\"_ _0\"></span>rid ApS </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:510.97577px;\">y <span class=\"_ _c2\"></span>la <span class=\"_ _c5\"></span>incorpor\u00f3<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>a <span class=\"_ _c5\"></span>su <span class=\"_ _c2\"></span>per\u00edmetro <span class=\"_ _c2\"></span>debido <span class=\"_ _c2\"></span>a <span class=\"_ _c2\"></span>la <span class=\"_ _c2\"></span>inf<span class=\"_ _1\"></span>luen<span class=\"_ _0\"></span>cia <span class=\"_ _c2\"></span>significativa <span class=\"_ _c2\"></span>que <span class=\"_ _c5\"></span>ejerce<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>en <span class=\"_ _c2\"></span>ella. <span class=\"_ _c2\"></span>Esta <span class=\"_ _c2\"></span>sociedad <span class=\"_ _c2\"></span>se </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:494.43976px;\">integra <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>Estados Financieros <span class=\"_ _1\"></span>del G<span class=\"_ _1\"></span>rupo mediante <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>m\u00e9todo <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>la participaci\u00f3n. <span class=\"_ _1\"></span>Asimismo, tras <span class=\"_ _1\"></span>la </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:478.05975px;\">p\u00e9rdida de<span class=\"_ _0\"></span> la in<span class=\"_ _0\"></span>fluencia s<span class=\"_ _0\"></span>ignificativa en<span class=\"_ _0\"></span> Zeleros <span class=\"_ _0\"></span>Global, <span class=\"_ _0\"></span>S.L. la<span class=\"_ _0\"></span> Sociedad ha<span class=\"_ _0\"></span> dado <span class=\"_ _0\"></span>de baja<span class=\"_ _0\"></span> dicha pa<span class=\"_ _0\"></span>rticipa-<span class=\"_ _29d\"> </span></div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:461.67975px;\">ci\u00f3n pasa<span class=\"_ _0\"></span>ndo a ser regist<span class=\"_ _0\"></span>rada en el ep\u00edgra<span class=\"_ _0\"></span>fe del Bala<span class=\"_ _0\"></span>nce Consoli<span class=\"_ _0\"></span>dado adjunto como un a<span class=\"_ _0\"></span>ctivo financiero<span class=\"_ _0\"></span> </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:445.1438px;\">a valor razonable con ca<span class=\"_ _0\"></span>mbios en resultados (ver n<span class=\"_ _0\"></span>ota 11).  </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:422.21173px;\">Durante <span class=\"_ _c9\"> </span>el <span class=\"_ _c0\"> </span>ejercicio <span class=\"_ _c0\"> </span>2021 <span class=\"_ _c9\"> </span>se <span class=\"_ _c0\"> </span>produjeron <span class=\"_ _c0\"> </span>las <span class=\"_ _c9\"> </span>siguientes <span class=\"_ _c0\"> </span>variaciones <span class=\"_ _c9\"> </span>en <span class=\"_ _c5\"> </span>el <span class=\"_ _c9\"> </span>per\u00edmetro <span class=\"_ _c9\"> </span>de<span class=\"_ _0\"></span> <span class=\"_ _c9\"> </span>consolidaci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _c9\"> </span>del </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:405.8318px;\">Grupo:  </div><div class=\"t m0 he ff9 fs1 fc2 sc1 ls0 ws0\" style=\"left:0.00737381px; bottom:388.35974px;\"> <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Con <span class=\"_ _c2\"></span>fecha <span class=\"_ _c5\"></span>15 <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>enero <span class=\"_ _c8\"></span>de <span class=\"_ _c5\"></span>2021 <span class=\"_ _c2\"></span>se <span class=\"_ _c2\"></span>constituy\u00f3 <span class=\"_ _c5\"></span>la <span class=\"_ _c8\"></span>Sociedad <span class=\"_ _c5\"></span>peruana <span class=\"_ _c2\"></span>\u201cHispasat <span class=\"_ _c2\"></span>Per\u00fa <span class=\"_ _c2\"></span>S.A.C\u201d. <span class=\"_ _c5\"></span>El <span class=\"_ _c2\"></span>objeto </span></span></div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:371.9798px;\">social principal <span class=\"_ _1\"></span>es la <span class=\"_ _1\"></span>prestaci\u00f3n de <span class=\"_ _1\"></span>servicios<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>de telecomunicaci\u00f3n. Esta <span class=\"_ _1\"></span>Socieda<span class=\"_ _0\"></span>d <span class=\"_ _1\"></span>es <span class=\"_ _1\"></span>propiedad al 100% </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:355.4438px;\">de <span class=\"_ _1\"></span>Hispasat<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>S.A. <span class=\"_ _1\"></span>y se <span class=\"_ _1\"></span>integra mediante el m\u00e9t<span class=\"_ _1\"></span>odo de integraci\u00f3n global. <span class=\"_ _1\"></span>Con fecha 1 <span class=\"_ _1\"></span>de m<span class=\"_ _1\"></span>ayo de 2021, </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:339.06378px;\">Hispasat P<span class=\"_ _0\"></span>er\u00fa llev\u00f3 <span class=\"_ _0\"></span>a ca<span class=\"_ _0\"></span>bo la<span class=\"_ _0\"></span> adquisi<span class=\"_ _0\"></span>ci\u00f3n de <span class=\"_ _0\"></span>una seri<span class=\"_ _0\"></span>e de <span class=\"_ _0\"></span>activos para<span class=\"_ _0\"></span> la <span class=\"_ _0\"></span>gesti\u00f3n <span class=\"_ _0\"></span>y transporte <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>se\u00f1ales </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:322.68378px;\">de video en Latinoam\u00e9<span class=\"_ _0\"></span>rica.   </div><div class=\"t m0 he ff9 fs1 fc2 sc1 ls0 ws0\" style=\"left:0.00737381px; bottom:298.65973px;\"> <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Durante el <span class=\"_ _1\"></span>ejercicio 2021 la <span class=\"_ _1\"></span>Sociedad, a <span class=\"_ _1\"></span>trav\u00e9s de <span class=\"_ _1\"></span>su sociedad Red <span class=\"_ _1\"></span>El\u00e9ctrica y <span class=\"_ _1\"></span>de Telecomunicacione<span class=\"_ _0\"></span>s, </span></span></div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:282.2798px;\">Innovaci\u00f3n <span class=\"_ _c4\"></span>y <span class=\"_ _c4\"></span>Tecnolog\u00eda, <span class=\"_ _c4\"></span>S.A.U. <span class=\"_ _c4\"></span>(Elewit), <span class=\"_ _c4\"></span>incorpor\u00f3 <span class=\"_ _1\"></span>a <span class=\"_ _c8\"></span>su <span class=\"_ _c4\"></span>per\u00edmetro <span class=\"_ _c4\"></span>las <span class=\"_ _c4\"></span>Sociedades <span class=\"_ _c4\"></span>Nearby <span class=\"_ _c4\"></span>Computing<span class=\"_ _0\"></span>, </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:265.74377px;\">S.L, <span class=\"_ _c8\"></span>Zeleros <span class=\"_ _c8\"></span>Global, <span class=\"_ _c8\"></span>S.L., <span class=\"_ _c2\"></span>Hybrid <span class=\"_ _c8\"></span>Energy <span class=\"_ _c8\"></span>Storage <span class=\"_ _c8\"></span>Solutions, <span class=\"_ _c8\"></span>S.L. <span class=\"_ _c8\"></span>y <span class=\"_ _c8\"></span>Aerolaser <span class=\"_ _c8\"></span>System, <span class=\"_ _c8\"></span>S.L. <span class=\"_ _c2\"></span>debido <span class=\"_ _c8\"></span>a <span class=\"_ _c8\"></span>la </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:249.36377px;\">influencia <span class=\"_ _1\"></span>significativa <span class=\"_ _1\"></span>que ej<span class=\"_ _1\"></span>erce <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>todas ellas. <span class=\"_ _c4\"></span>Estas <span class=\"_ _1\"></span>sociedades se <span class=\"_ _c4\"></span>integraron <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>Estados <span class=\"_ _1\"></span>Finan-<span class=\"_ _29d\"> </span></div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:232.98376px;\">cieros del Grupo med<span class=\"_ _0\"></span>iante el m\u00e9todo de la partici<span class=\"_ _0\"></span>paci\u00f3n.  </div><div class=\"t m0 he ff9 fs1 fc2 sc1 ls0 ws0\" style=\"left:0.00737381px; bottom:208.95978px;\"> <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Con fecha <span class=\"_ _c4\"></span>28 de <span class=\"_ _c4\"></span>diciembre de <span class=\"_ _1\"></span>2021, <span class=\"_ _1\"></span>Hispasa<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>, <span class=\"_ _1\"></span>S.A. e <span class=\"_ _1\"></span>Hispasat <span class=\"_ _1\"></span>Brasil, <span class=\"_ _1\"></span>Ltda. adquirieron <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>socio minori-<span class=\"_ _29d\"> </span></span></span></div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:192.57971px;\">tario <span class=\"_ _1\"></span>de la <span class=\"_ _1\"></span>sociedad Hispamar Sat\u00e9lites, <span class=\"_ _1\"></span>S.A. la <span class=\"_ _1\"></span>totalidad de <span class=\"_ _1\"></span>su participaci\u00f3n (19,04%). <span class=\"_ _1\"></span>De este m<span class=\"_ _1\"></span>odo el </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:176.19977px;\">Grupo <span class=\"_ _c4\"></span>Hispasat <span class=\"_ _c4\"></span>pas\u00f3 <span class=\"_ _c4\"></span>a <span class=\"_ _c4\"></span>ser <span class=\"_ _c8\"></span>el <span class=\"_ _c8\"></span>\u00fanico <span class=\"_ _c4\"></span>accionista <span class=\"_ _1\"></span>tanto <span class=\"_ _c8\"></span>de <span class=\"_ _c4\"></span>la <span class=\"_ _c8\"></span>sociedad <span class=\"_ _c4\"></span>adquirid<span class=\"_ _0\"></span>a <span class=\"_ _c8\"></span>Hispamar <span class=\"_ _c4\"></span>Sat\u00e9lites,<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>S.A. </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:159.66379px;\">como <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>su <span class=\"_ _bf\"></span>sociedad <span class=\"_ _bf\"></span>participada <span class=\"_ _bf\"></span>Hispamar <span class=\"_ _bf\"></span>Exterior, <span class=\"_ _bf\"></span>S.L.U. <span class=\"_ _bf\"></span>Tras <span class=\"_ _bf\"></span>esta <span class=\"_ _bf\"></span>adquisici\u00f3n, <span class=\"_ _bf\"></span>el <span class=\"_ _bf\"></span>Grupo <span class=\"_ _bf\"></span>pas\u00f3 <span class=\"_ _bf\"></span>a <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>oseer </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:143.28375px;\">el <span class=\"_ _bf\"></span>89,68% <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>ambas <span class=\"_ _0\"></span>socie<span class=\"_ _0\"></span>dades. <span class=\"_ _0\"></span>La <span class=\"_ _bf\"></span>operaci\u00f3n <span class=\"_ _bf\"></span>no <span class=\"_ _0\"></span>tiene <span class=\"_ _bf\"></span>impacto <span class=\"_ _0\"></span>en <span class=\"_ _bf\"></span>el <span class=\"_ _0\"></span>m\u00e9<span class=\"_ _0\"></span>todo <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>consolidaci\u00f3n <span class=\"_ _bf\"></span>que <span class=\"_ _0\"></span>sigue<span class=\"_ _0\"></span> </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:126.74777px;\">integr\u00e1ndose por el<span class=\"_ _0\"></span> m\u00e9todo de integraci\u00f3n glo<span class=\"_ _0\"></span>bal.  </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:102.723755px;\">Asimismo, <span class=\"_ _0\"></span>en 2<span class=\"_ _0\"></span>021 e<span class=\"_ _0\"></span>l Gru<span class=\"_ _0\"></span>po lleg<span class=\"_ _0\"></span>\u00f3 a <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>siguientes <span class=\"_ _0\"></span>acuerdos, <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>cuales <span class=\"_ _0\"></span>estaban <span class=\"_ _0\"></span>pendientes <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>perfeccion<span class=\"_ _0\"></span>ar:<span class=\"ff6 fsd fc0\">  </span></div><div class=\"t m0 he ff9 fs1 fc2 sc1 ls0 ws0\" style=\"left:0.00737381px; bottom:84.93979px;\"> <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Con fecha 3 de noviembre de 2021<span class=\"_ _0\"></span>, <span class=\"_ _1\"></span>Argo<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>Energi<span class=\"_ _0\"></span>a Empreendimentos e Participa<span class=\"_ _0\"></span>\u00e7\u00f5es S.A. (Argo), socie-<span class=\"_ _29d\"> </span></span></span></div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:68.559784px;\">dad <span class=\"_ _bf\"></span>participada <span class=\"_ _bf\"></span>al <span class=\"_ _bf\"></span>50% <span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>Red <span class=\"_ _bf\"></span>El\u00e9ctrica <span class=\"_ _bf\"></span>Brasil, <span class=\"_ _bf\"></span>suscribi<span class=\"_ _0\"></span>\u00f3 <span class=\"_ _0\"></span>con <span class=\"_ _bf\"></span>Rialma <span class=\"_ _bf\"></span>Administra\u00e7\u00e3o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>e <span class=\"_ _bf\"></span>Participa\u00e7\u00f5es<span class=\"_ _0\"></span> <span class=\"_ _bf\"></span>S.A., </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:52.023773px;\">un <span class=\"_ _c4\"></span>Contrato <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>Comprave<span class=\"_ _0\"></span>nta <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>Acciones, <span class=\"_ _c4\"></span>sujeto <span class=\"_ _c8\"></span>al <span class=\"_ _c4\"></span>cumplimiento <span class=\"_ _c8\"></span>de <span class=\"_ _c4\"></span>determinadas <span class=\"_ _c4\"></span>condiciones <span class=\"_ _c4\"></span>y <span class=\"_ _c8\"></span>a <span class=\"_ _c8\"></span>la </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:35.64377px;\">aprobaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>autoridades <span class=\"_ _0\"></span>regulad<span class=\"_ _0\"></span>oras pa<span class=\"_ _0\"></span>ra la<span class=\"_ _0\"></span> adqu<span class=\"_ _0\"></span>isici\u00f3n, <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>las a<span class=\"_ _0\"></span>cciones <span class=\"_ _0\"></span>representativas <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>100<span class=\"_ _0\"></span>% </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:19.107758px;\">del capital social de <span class=\"_ _1\"></span>Rialma Trans<span class=\"_ _0\"></span>missora de Energ\u00ed<span class=\"_ _1\"></span>a III S.A. Esta sociedad se integrar\u00e1 en <span class=\"_ _1\"></span>los Estado<span class=\"_ _0\"></span>s </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:2.7277832px;\">Financieros del Grupo<span class=\"_ _0\"></span> mediante el m\u00e9todo de la p<span class=\"_ _0\"></span>articipaci\u00f3n a trav\u00e9s de la<span class=\"_ _0\"></span> participaci\u00f3n de Argo. </div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-587": {
   "value": "Estas cuentas anuales consolidadas, formuladas por los Administradores de la Sociedad en reuni\u00f3n del Con- sejo de Administraci\u00f3n celebrada el d\u00eda 27 de febrero de 2023, se han preparado a partir de los registros individuales de la Sociedad",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuthorisationOfFinancialStatementsExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-588": {
   "value": "el Grupo que, junto con la Sociedad, componen Redeia (Anexo I). Cada sociedad prepara sus cuentas anuales siguiendo los principios y criterios contables en vigor en el pa\u00eds en el que realiza las operaciones, por lo que en el proceso de consolidaci\u00f3n se han  introducido  los  ajustes  y  reclasificaciones  necesarios  para  homogeneizar  entre  s\u00ed  tales  principios  y criterios para adecuarlos a las Normas Internacionales de Informaci\u00f3n Financiera adoptadas por la Uni\u00f3n Europea (NIIF-UE). Asimismo, se modifican las pol\u00edticas contables de las sociedades consolidadas, cuando es necesario, para asegurar su uniformidad con las pol\u00edticas contables adoptadas por la Sociedad.  ",
   "dimensions": {
    "concept": "ifrs-full:StatementOfIFRSCompliance",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-589": {
   "value": "Las citadas cuentas anuales consolidadas est\u00e1n expresadas en miles de euros, redondeadas al millar m\u00e1s cercano, que es la moneda funcional y de presentaci\u00f3n de la Sociedad matriz, y han sido preparadas de acuerdo con lo establecido en las NIIF-UE, y dem\u00e1s disposiciones del marco normativo de informaci\u00f3n finan- ciera que resulta de aplicaci\u00f3n. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-536": {
   "value": "Asimismo, el Grupo est\u00e1 analizando el impacto de las nuevas NIIF y mejoras emitidas y aprobadas para su aplicaci\u00f3n en la Uni\u00f3n Europea a partir del 1 de enero de 2023, que son las siguientes: Efectivo desde:  Nuevas normas y modificaciones Nueva norma \u201cNIIF 17 Contratos de seguros\u201d 1 de enero de 2023 Modificaci\u00f3n \u201cNIC 1 Presentaci\u00f3n de los estados financieros\u201d Desgloses de pol\u00edticas contables Modificaci\u00f3n \u201cNIC 8 Pol\u00edticas contables, cambios en las estimaciones contables y errores\u201d De- finici\u00f3n de estimaciones contables 1 de enero de 2024  Modificaci\u00f3n NIF 16: Pasivos por arrendamientos en operaciones de Sales and Leaseback -  NIIF 17 Contratos de seguro y sus modificaciones. Remplaza a la NIIF 4, recogiendo los principios de registro, valoraci\u00f3n, presentaci\u00f3n y desglose de los contratos de seguros con el objetivo de que la entidad proporcione informaci\u00f3n relevante y fiable que permita a los usuarios de la informaci\u00f3n determinar el efecto que los contratos tienen en los estados financieros.   -  Modificaci\u00f3n a la NIC 1 Presentaci\u00f3n de Estados Financieros mediante la cual permite a las entidades identificar adecuadamente la informaci\u00f3n sobre pol\u00edticas contables materiales que debe ser desglosada en los estados financieros.   -  Modificaci\u00f3n a la NIC 8 Pol\u00edticas contables, cambios en las estimaciones contables y errores. Recoge modificaciones y aclaraciones sobre qu\u00e9 debe entenderse como un cambio de una estimaci\u00f3n contable.   El Grupo no espera que la adopci\u00f3n de dichas normas tenga un efecto significativo sobre las cuentas anuales consolidadas en el periodo inicial de adopci\u00f3n.  Por \u00faltimo, a fecha de formulaci\u00f3n de estas cuentas anuales consolidadas las siguientes modificaciones ha- b\u00edan sido publicadas por el IASB pero no eran de aplicaci\u00f3n obligatoria porque se encuentran pendientes de aprobaci\u00f3n para su uso en la Uni\u00f3n Europea:  -  Modificaci\u00f3n \u201cNIC 1 Presentaci\u00f3n de los estados financieros\u201d Clasificaci\u00f3n de pasivos como corrientes o no corrientes, mediante la cual se modifican y aclaran determinados aspectos de la clasificaci\u00f3n.   -  Modificaci\u00f3n \u201cNIC 12 Impuestos diferidos relacionados con Activos y Pasivos que surgen de una Transac- ci\u00f3n \u00danica\u201d, mediante la cual se clarifican aspectos sobre el registro del impuesto diferido que se genera en operaciones como arrendamiento y obligaciones por desmantelamiento.  El Grupo est\u00e1 analizando el impacto de estas modificaciones, si bien tampoco espera que tengan un efecto significativo sobre las cuentas anuales consolidadas en la fecha en que su aplicaci\u00f3n sea obligatoria en la Uni\u00f3n Europea.  ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-501": {
   "value": "c)  Uso de estimaciones e hip\u00f3tesis  La preparaci\u00f3n de las cuentas anuales consolidadas de conformidad con las NIIF-UE requiere que la Direc- ci\u00f3n del Grupo realice juicios, estimaciones y asunciones que afectan a la aplicaci\u00f3n de las normas y a los importes de activos, pasivos, ingresos y gastos. Las estimaciones y juicios se eval\u00faan continuamente y se basan en la experiencia hist\u00f3rica y otros factores, incluidas las expectativas de sucesos futuros que se con- sideran razonables bajo las circunstancias existentes. Los resultados reales pudieran diferir de estas estima- ciones.  En las cuentas anuales consolidadas  correspondientes al ejercicio 2022 se  han utilizado ocasionalmente estimaciones realizadas por la Direcci\u00f3n del Grupo y de las entidades consolidadas, ratificadas posterior- mente por sus Administradores, para cuantificar algunos de los activos, pasivos, ingresos, gastos y compro- misos que figuran registrados en ellas.  Principalmente, estas estimaciones se refieren a:     La estimaci\u00f3n de la recuperaci\u00f3n de los activos mediante la determinaci\u00f3n del valor recuperable de los mismos. Se entiende por valor recuperable el mayor entre el valor razonable menos los costes de venta y su valor en uso. El deterioro de valor de los activos se calcula generalmente a partir de los flujos de efectivo descontados seg\u00fan las proyecciones financieras utilizadas por el Grupo. La tasa de descuento empleada es el coste medio ponderado del capital (v\u00e9ase notas 7,8 y 11).     Estimaci\u00f3n de las vidas \u00fatiles del Inmovilizado material, Inmovilizado intangible e inversiones inmobilia- rias. (v\u00e9ase notas 4.c, 4.d y 4.e).     Las hip\u00f3tesis empleadas en los c\u00e1lculos actuariales de los pasivos y obligaciones con los empleados (v\u00e9ase nota 16).     Las hip\u00f3tesis empleadas para los c\u00e1lculos del valor razonable de los derivados (v\u00e9ase nota 20).     C\u00e1lculo de los ingresos de las instalaciones de transporte de energ\u00eda el\u00e9ctrica y Operaci\u00f3n del Sistema en Espa\u00f1a (v\u00e9ase nota 3).     Las hip\u00f3tesis empleadas para el c\u00e1lculo del valor razonable de los activos y pasivos adquiridos en una combinaci\u00f3n de negocios (v\u00e9ase nota 6).   Como norma general se registran los pasivos cuando es probable que una obligaci\u00f3n d\u00e9 lugar a una indem- nizaci\u00f3n o pago. El Grupo eval\u00faa y realiza una estimaci\u00f3n de los importes necesarios a liquidar en el futuro, incluyendo los importes adicionales correspondientes a impuestos sobre ganancias, obligaciones contractua- les, la liquidaci\u00f3n de litigios pendientes y otros pasivos. Dichas estimaciones est\u00e1n sujetas a interpretaciones de los hechos y circunstancias actuales, proyecciones de acontecimientos futuros y estimaciones de los efec- tos financieros de dichos acontecimientos (v\u00e9ase nota 16). Adem\u00e1s, la Sociedad tiene formalizadas p\u00f3lizas de seguros para cubrir las posibles reclamaciones de terceros que se le puedan presentar por el ejercicio de sus actividades.  En aquellos casos en los que las NIIF no permiten abordar el tratamiento contable de una determinada situa- ci\u00f3n, la Direcci\u00f3n, de acuerdo con lo establecido en la NIC 8, aplica su mejor juicio teniendo en cuenta el fondo econ\u00f3mico de la transacci\u00f3n y considerando los pronunciamientos m\u00e1s recientes de otras instituciones emisoras de normas que emplean el mismo marco conceptual que las NIIF. En este sentido, al quedar los cr\u00e9ditos fiscales por inversiones fuera del alcance de las NIC 12 y NIC 20, la Direcci\u00f3n del Grupo, una vez analizados todos los hechos y circunstancias de las mismas, ha considerado que las Deducciones por inver- siones en activos fijos en Canarias concedidas al Grupo por las Administraciones p\u00fablicas son asimilables a una subvenci\u00f3n de capital, teniendo en cuenta en estos casos la NIC 20 Subvenciones del Gobierno (v\u00e9ase nota 4k).   Para mayor comprensi\u00f3n de las cuentas anuales consolidadas las diferentes estimaciones e hip\u00f3tesis se detallan en cada una de las notas.  A pesar de que las estimaciones se han realizado en funci\u00f3n de la mejor informaci\u00f3n disponible a 31 de diciembre de 2022 sobre los hechos analizados, es posible que acontecimientos que puedan tener lugar en el futuro obliguen a modificarlas (al alza o a la baja) en pr\u00f3ximos ejercicios; lo que se har\u00eda, conforme a lo establecido en las NIIF, de forma prospectiva reconociendo los efectos del cambio de estimaci\u00f3n en el co- rrespondiente Estado Consolidado de resultados ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-4": {
   "value": "Espa\u00f1a",
   "dimensions": {
    "concept": "ifrs-full:PrincipalPlaceOfBusiness",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-537": {
   "value": "<div class=\"t m0 he ff5 fs1 fc2 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:203.957px;\">d) <span class=\"_ _ca\"> </span>Principios de consolid<span class=\"_ _0\"></span>aci\u00f3n  </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:181.02502px;\">El t<span class=\"_ _1\"></span>ipo de <span class=\"_ _1\"></span>sociedades <span class=\"_ _1\"></span>qu<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>forman <span class=\"_ _1\"></span>parte del <span class=\"_ _1\"></span>per\u00edmetro de <span class=\"_ _1\"></span>consolidaci\u00f3n y <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>m\u00e9todos de <span class=\"_ _1\"></span>consolidaci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _1\"></span>utili-<span class=\"_ _29d\"> </span></div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:164.64505px;\">zados en cada caso<span class=\"_ _0\"></span> han sido los siguientes:<span class=\"_ _0\"></span>  </div><div class=\"t m0 he ff9 fs1 fc2 sc1 ls0 ws0\" style=\"left:0.00737381px; bottom:140.77701px;\"> <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Entidades dependien<span class=\"_ _0\"></span>tes<span class=\"_ _29d\"> </span></span></span><span class=\"ff5 sc0\"><span class=\"ff3 fc1\"></span></span></div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:18.415379px; bottom:117.68901px;\">Se <span class=\"_ _c8\"></span>consideran <span class=\"_ _c4\"></span>entidades <span class=\"_ _c8\"></span>dependientes,<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>aquellas <span class=\"_ _c8\"></span>sobre <span class=\"_ _c4\"></span>las <span class=\"_ _c2\"></span>que <span class=\"_ _c4\"></span>la <span class=\"_ _c8\"></span>Sociedad, <span class=\"_ _c8\"></span>directa <span class=\"_ _c4\"></span>o <span class=\"_ _c8\"></span>indirectamente, <span class=\"_ _c4\"></span>a </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:18.415379px; bottom:101.30902px;\">trav\u00e9s <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>dependientes <span class=\"_ _c8\"></span>ejerce <span class=\"_ _c8\"></span>control. <span class=\"_ _c2\"></span>La <span class=\"_ _c2\"></span>Socieda<span class=\"_ _0\"></span>d <span class=\"_ _c2\"></span>controla <span class=\"_ _c2\"></span>a <span class=\"_ _c8\"></span>una <span class=\"_ _c2\"></span>entidad <span class=\"_ _c8\"></span>dependiente <span class=\"_ _c8\"></span>cuando <span class=\"_ _c8\"></span>por <span class=\"_ _c2\"></span>su </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:18.415379px; bottom:84.92903px;\">implicaci\u00f3n en ella est\u00e1 expuesta, o <span class=\"_ _1\"></span>tiene derecho, a unos rendimientos variables y tiene <span class=\"_ _1\"></span>la capacidad de </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:18.415379px; bottom:68.393005px;\">influir <span class=\"_ _c4\"></span>en <span class=\"_ _c4\"></span>dichos <span class=\"_ _c4\"></span>rendimientos <span class=\"_ _1\"></span>a <span class=\"_ _c4\"></span>trav\u00e9s <span class=\"_ _c8\"></span>del <span class=\"_ _c4\"></span>poder<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>que <span class=\"_ _c4\"></span>ejerce <span class=\"_ _c4\"></span>sobre <span class=\"_ _1\"></span>la <span class=\"_ _c8\"></span>misma. <span class=\"_ _1\"></span>La <span class=\"_ _c8\"></span>Sociedad <span class=\"_ _1\"></span>tiene <span class=\"_ _c8\"></span>el <span class=\"_ _1\"></span>poder </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:18.415379px; bottom:52.013016px;\">cuando <span class=\"_ _c4\"></span>posee <span class=\"_ _c4\"></span>derechos <span class=\"_ _c4\"></span>sustantivos <span class=\"_ _c8\"></span>en <span class=\"_ _c4\"></span>vigor <span class=\"_ _c4\"></span>que <span class=\"_ _c4\"></span>le <span class=\"_ _c8\"></span>proporcionan<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>la <span class=\"_ _c8\"></span>capacidad<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>dirigir <span class=\"_ _c4\"></span>las <span class=\"_ _c8\"></span>actividades<span class=\"_ _0\"></span> </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:18.415379px; bottom:35.477005px;\">relevantes. La<span class=\"_ _0\"></span> Sociedad <span class=\"_ _0\"></span>est\u00e1 expuesta<span class=\"_ _0\"></span>, o tiene<span class=\"_ _0\"></span> derecho, <span class=\"_ _0\"></span>a unos re<span class=\"_ _0\"></span>ndimientos variable<span class=\"_ _0\"></span>s por <span class=\"_ _0\"></span>su implicaci\u00f3<span class=\"_ _0\"></span>n </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:18.415379px; bottom:19.097015px;\">en <span class=\"_ _c8\"></span>la <span class=\"_ _c8\"></span>entidad <span class=\"_ _c8\"></span>dependiente <span class=\"_ _c8\"></span>cuando <span class=\"_ _c8\"></span>los <span class=\"_ _c8\"></span>rendimientos <span class=\"_ _c4\"></span>que <span class=\"_ _c8\"></span>obt<span class=\"_ _1\"></span>iene <span class=\"_ _c4\"></span>por <span class=\"_ _c8\"></span>dicha <span class=\"_ _c8\"></span>implicaci\u00f3n <span class=\"_ _c4\"></span>pueden <span class=\"_ _c8\"></span>variar <span class=\"_ _c8\"></span>en </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:18.415379px; bottom:2.7170258px;\">funci\u00f3n de la evolu<span class=\"_ _0\"></span>ci\u00f3n econ\u00f3mica de la entidad<span class=\"_ _0\"></span>.<span class=\"_ _29d\"> </span> </div>Los <span class=\"_ _0\"></span>ingresos<span class=\"_ _0\"></span>, g<span class=\"_ _0\"></span>astos <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>flu<span class=\"_ _0\"></span>jos <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>ef<span class=\"_ _1\"></span>ectivo <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>las <span class=\"_ _0\"></span>entida<span class=\"_ _0\"></span>des <span class=\"_ _0\"></span>dependientes <span class=\"_ _bf\"></span>se in<span class=\"_ _0\"></span>cluyen <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>las <span class=\"_ _bf\"></span>cuentas <span class=\"_ _0\"></span>anuale<span class=\"_ _0\"></span>s consolidad<span class=\"_ _0\"></span>as <span class=\"_ _1\"></span>desde <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>fecha de <span class=\"_ _c4\"></span>adquisici\u00f3<span class=\"_ _0\"></span>n, <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>es <span class=\"_ _1\"></span>aquella, en <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>el Gr<span class=\"_ _1\"></span>upo obtiene <span class=\"_ _1\"></span>efectivamente el control <span class=\"_ _1\"></span>de las <span class=\"_ _1\"></span>mismas. Las entidades <span class=\"_ _1\"></span>dependientes se excluyen <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>la consolidaci\u00f3n desde <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>fecha en <span class=\"_ _1\"></span>la que se ha perdido cont<span class=\"_ _0\"></span>rol.  Las <span class=\"_ _0\"></span>transacciones <span class=\"_ _0\"></span>y sald<span class=\"_ _0\"></span>os mante<span class=\"_ _0\"></span>nidos con<span class=\"_ _0\"></span> empre<span class=\"_ _0\"></span>sas del <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>y los<span class=\"_ _0\"></span> ben<span class=\"_ _0\"></span>eficios o <span class=\"_ _0\"></span>p\u00e9rdida<span class=\"_ _0\"></span>s no <span class=\"_ _0\"></span>realiz<span class=\"_ _0\"></span>ados han <span class=\"_ _c2\"></span>sido <span class=\"_ _c5\"></span>elimina<span class=\"_ _0\"></span>dos <span class=\"_ _c2\"></span>en <span class=\"_ _c2\"></span>el <span class=\"_ _c5\"></span>proceso <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>consolidaci\u00f3n. <span class=\"_ _c2\"></span>No <span class=\"_ _c5\"></span>obstan<span class=\"_ _0\"></span>te, <span class=\"_ _c2\"></span>las <span class=\"_ _c5\"></span>p\u00e9rdid<span class=\"_ _0\"></span>as <span class=\"_ _c5\"></span>no <span class=\"_ _c2\"></span>realizadas <span class=\"_ _c2\"></span>han <span class=\"_ _c2\"></span>sido consideradas como<span class=\"_ _0\"></span> un indicador de deterioro<span class=\"_ _0\"></span> de valor de los activos<span class=\"_ _0\"></span> transmitidos.   <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Acuerdos conjun<span class=\"_ _0\"></span>tos  </span></span>Se <span class=\"_ _c8\"></span>consideran <span class=\"_ _c2\"></span>acuerdos<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>conjuntos <span class=\"_ _c8\"></span>aquellos <span class=\"_ _c2\"></span>en <span class=\"_ _c8\"></span>los <span class=\"_ _c2\"></span>que <span class=\"_ _c2\"></span>existe <span class=\"_ _c8\"></span>un <span class=\"_ _c2\"></span>acuerdo <span class=\"_ _c8\"></span>contractual <span class=\"_ _c8\"></span>para <span class=\"_ _c2\"></span>compartir <span class=\"_ _c2\"></span>el control <span class=\"_ _1\"></span>sobre <span class=\"_ _c4\"></span>una <span class=\"_ _1\"></span>actividad <span class=\"_ _1\"></span>econ\u00f3mica, <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>forma <span class=\"_ _c4\"></span>que <span class=\"_ _1\"></span>las <span class=\"_ _c4\"></span>decisiones <span class=\"_ _1\"></span>sobre <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>actividades <span class=\"_ _1\"></span>relevantes <span class=\"_ _1\"></span>re-<span class=\"_ _29d\"> </span>quieren el consentimiento un\u00e1nime del <span class=\"_ _1\"></span>Grupo y del rest<span class=\"_ _1\"></span>o de part\u00edcipes u operadores. La <span class=\"_ _1\"></span>evaluaci\u00f3n de la existencia <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>control <span class=\"_ _bf\"></span>conjunto se<span class=\"_ _0\"></span> realiz<span class=\"_ _0\"></span>a con<span class=\"_ _0\"></span>siderando <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>definici\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>contro<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>de la<span class=\"_ _0\"></span>s e<span class=\"_ _0\"></span>nt<span class=\"_ _1\"></span>idades<span class=\"_ _0\"></span> de<span class=\"_ _0\"></span>pendien-<span class=\"_ _29d\"> </span>tes.  Para cada<span class=\"_ _0\"></span> acuerdo<span class=\"_ _0\"></span> conjunto el<span class=\"_ _0\"></span> Grupo <span class=\"_ _0\"></span>eval\u00faa todo<span class=\"_ _0\"></span>s los <span class=\"_ _0\"></span>hechos y <span class=\"_ _0\"></span>circunstancias <span class=\"_ _0\"></span>para su <span class=\"_ _0\"></span>clasificaci\u00f3n <span class=\"_ _0\"></span>entre negocio conjunto <span class=\"_ _1\"></span>y operaci\u00f3n <span class=\"_ _1\"></span>conjunta, entre <span class=\"_ _1\"></span>ellos si <span class=\"_ _1\"></span>el acuerdo <span class=\"_ _1\"></span>conjunto otorga <span class=\"_ _1\"></span>derechos y <span class=\"_ _1\"></span>obligacion<span class=\"_ _0\"></span>es sobre los activos y pa<span class=\"_ _0\"></span>sivos.  En <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>operaciones conjuntas <span class=\"_ _1\"></span>existe un <span class=\"_ _1\"></span>acuerdo conjunto <span class=\"_ _1\"></span>mediante el <span class=\"_ _1\"></span>cual <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>partes <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>poseen cont<span class=\"_ _1\"></span>rol<span class=\"_ _0\"></span> conjunto <span class=\"_ _c5\"> </span>t<span class=\"_ _1\"></span>ienen <span class=\"_ _c0\"> </span>derecho<span class=\"_ _0\"></span> <span class=\"_ _c0\"> </span>a <span class=\"_ _c0\"> </span>los <span class=\"_ _c0\"> </span>activos <span class=\"_ _c5\"> </span>y <span class=\"_ _c9\"> </span>obli<span class=\"_ _0\"></span>gaciones <span class=\"_ _c0\"> </span>con <span class=\"_ _c0\"> </span>respecto <span class=\"_ _c0\"> </span>a <span class=\"_ _c5\"> </span>los <span class=\"_ _c0\"> </span>pasivos, <span class=\"_ _c0\"> </span>relacionado<span class=\"_ _0\"></span>s <span class=\"_ _c0\"> </span>con <span class=\"_ _c0\"> </span>el acuerdo. En<span class=\"_ _0\"></span> \u00e9stas, el <span class=\"_ _0\"></span>Grupo reconoce<span class=\"_ _0\"></span> en las<span class=\"_ _0\"></span> cuentas anuale<span class=\"_ _0\"></span>s consolida<span class=\"_ _0\"></span>das, sus ac<span class=\"_ _0\"></span>tivos, incluida <span class=\"_ _0\"></span>su parti-<span class=\"_ _29d\"> </span>cipaci\u00f3n <span class=\"_ _bf\"></span>en <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>activos <span class=\"_ _bf\"></span>controlados <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>forma <span class=\"_ _0\"></span>conjun<span class=\"_ _0\"></span>ta; <span class=\"_ _0\"></span>sus <span class=\"_ _0\"></span>pasivos,<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>incluida <span class=\"_ _bf\"></span>su <span class=\"_ _0\"></span>participaci\u00f3n <span class=\"_ _bf\"></span>en <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>pasivo<span class=\"_ _0\"></span>s en <span class=\"_ _1\"></span>los que haya <span class=\"_ _1\"></span>incurrido conjuntamente con los <span class=\"_ _1\"></span>otros <span class=\"_ _1\"></span>operadores<span class=\"_ _0\"></span>; <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>ingresos<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>obtenidos de <span class=\"_ _1\"></span>la venta de su <span class=\"_ _1\"></span>parte de <span class=\"_ _1\"></span>la producci\u00f3n derivada <span class=\"_ _1\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>operaci\u00f3n conjunta y <span class=\"_ _1\"></span>sus <span class=\"_ _1\"></span>gastos, incluida la <span class=\"_ _1\"></span>parte que <span class=\"_ _1\"></span>le corres-<span class=\"_ _29d\"> </span>ponda de los gastos con<span class=\"_ _0\"></span>juntos.  Negocios <span class=\"_ _bf\"></span>conjuntos <span class=\"_ _0\"></span>son <span class=\"_ _bf\"></span>aquellos <span class=\"_ _0\"></span>acuerdos <span class=\"_ _0\"></span>en <span class=\"_ _bf\"></span>sociedades <span class=\"_ _bf\"></span>sobre <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>que <span class=\"_ _bf\"></span>existe <span class=\"_ _0\"></span>un <span class=\"_ _bf\"></span>acuerdo <span class=\"_ _0\"></span>contract<span class=\"_ _0\"></span>ual <span class=\"_ _0\"></span>con un <span class=\"_ _1\"></span>tercero <span class=\"_ _1\"></span>para <span class=\"_ _1\"></span>compartir el <span class=\"_ _1\"></span>control <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>su <span class=\"_ _1\"></span>actividad, y <span class=\"_ _1\"></span>las <span class=\"_ _c4\"></span>decisiones estrat\u00e9gicas <span class=\"_ _1\"></span>relativas <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>la actividad, tanto <span class=\"_ _c4\"></span>financieras <span class=\"_ _1\"></span>como <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>explotaci\u00f3n, <span class=\"_ _1\"></span>requieren <span class=\"_ _1\"></span>el <span class=\"_ _c4\"></span>consentimiento <span class=\"_ _c4\"></span>un\u00e1nime <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>todos <span class=\"_ _c8\"></span>los <span class=\"_ _c4\"></span>part\u00edcip<span class=\"_ _0\"></span>es <span class=\"_ _c4\"></span>que comparten e<span class=\"_ _0\"></span>l control. <span class=\"_ _0\"></span>Los <span class=\"_ _0\"></span>intereses del <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>empresas controla<span class=\"_ _0\"></span>das con<span class=\"_ _0\"></span>juntamente se <span class=\"_ _0\"></span>contabilizan <span class=\"_ _0\"></span>de acuerdo con la NIIF<span class=\"_ _0\"></span> 11 por el m\u00e9todo de la partici<span class=\"_ _0\"></span>paci\u00f3n.  La <span class=\"_ _0\"></span>adquisici\u00f3n <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>participaci\u00f3n <span class=\"_ _0\"></span>inicial <span class=\"_ _bf\"></span>y posterior <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>operaci\u00f3n <span class=\"_ _0\"></span>conjun<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>a <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>constituye<span class=\"_ _0\"></span> un <span class=\"_ _1\"></span>negocio <span class=\"_ _c4\"></span>se <span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>econoce<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>aplicando <span class=\"_ _1\"></span>los <span class=\"_ _c4\"></span>criterios <span class=\"_ _1\"></span>desarrollados <span class=\"_ _1\"></span>para <span class=\"_ _c4\"></span>las <span class=\"_ _1\"></span>combinacione<span class=\"_ _0\"></span>s <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>negocios <span class=\"_ _1\"></span>por <span class=\"_ _c4\"></span>el porcentaje <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>participa<span class=\"_ _0\"></span>ci\u00f3n <span class=\"_ _0\"></span>que <span class=\"_ _0\"></span>posee <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>activos <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>pasivo<span class=\"_ _0\"></span>s ind<span class=\"_ _0\"></span>ividuales. <span class=\"_ _0\"></span>No <span class=\"_ _0\"></span>obstante, <span class=\"_ _0\"></span>en<span class=\"_ _0\"></span> l<span class=\"_ _0\"></span>a ad<span class=\"_ _0\"></span>quisici\u00f3<span class=\"_ _0\"></span>n posterior de <span class=\"_ _0\"></span>una participaci\u00f3n<span class=\"_ _0\"></span> adicional <span class=\"_ _0\"></span>en una operaci\u00f3n co<span class=\"_ _0\"></span>njunta, la <span class=\"_ _0\"></span>participaci\u00f3n previa <span class=\"_ _0\"></span>en los a<span class=\"_ _0\"></span>ctivos y pasivos individu<span class=\"_ _0\"></span>ales no es objeto de revalo<span class=\"_ _0\"></span>rizaci\u00f3n.  En las transaccio<span class=\"_ _0\"></span>nes de venta o aporta<span class=\"_ _0\"></span>ci\u00f3n del Grupo a la<span class=\"_ _0\"></span>s operaciones c<span class=\"_ _0\"></span>onjuntas, s\u00f3lo se recono<span class=\"_ _0\"></span>cen los resultados correspon<span class=\"_ _0\"></span>dientes a la pa<span class=\"_ _0\"></span>rticipaci\u00f3n del res<span class=\"_ _0\"></span>to de operadores, sa<span class=\"_ _0\"></span>lvo que las p\u00e9rdida<span class=\"_ _0\"></span>s pongan de<span class=\"_ _0\"></span> manifiesto una p\u00e9rdid<span class=\"_ _0\"></span>a o deterioro<span class=\"_ _0\"></span> de valor de los ac<span class=\"_ _0\"></span>tivos transmitidos, en cu<span class=\"_ _0\"></span>yo caso, \u00e9stas se<span class=\"_ _0\"></span> reconocen \u00edntegramente. <span class=\"_ _0\"></span> En <span class=\"_ _0\"></span>las transaccio<span class=\"_ _0\"></span>nes de <span class=\"_ _0\"></span>compra <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Grupo, <span class=\"_ _0\"></span>a l<span class=\"_ _0\"></span>as op<span class=\"_ _0\"></span>eraciones con<span class=\"_ _0\"></span>juntas, s<span class=\"_ _0\"></span>\u00f3lo se <span class=\"_ _0\"></span>reconocen <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>resultados<span class=\"_ _0\"></span> cuando <span class=\"_ _c2\"></span>se <span class=\"_ _c2\"></span>vendan <span class=\"_ _c2\"></span>a <span class=\"_ _c2\"></span>t<span class=\"_ _1\"></span>erceros <span class=\"_ _c2\"></span>los <span class=\"_ _c2\"></span>activos <span class=\"_ _c2\"></span>adquiridos, <span class=\"_ _c2\"></span>salvo <span class=\"_ _c2\"></span>que <span class=\"_ _c2\"></span>las <span class=\"_ _c5\"></span>p\u00e9rdidas <span class=\"_ _c8\"></span>pongan <span class=\"_ _c5\"></span>de <span class=\"_ _c8\"></span>manifiesto <span class=\"_ _c5\"></span>una<span class=\"_ _0\"></span> p\u00e9rdida <span class=\"_ _1\"></span>o <span class=\"_ _c4\"></span>deterioro <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>valor <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>los <span class=\"_ _c4\"></span>activos <span class=\"_ _1\"></span>adquiridos, <span class=\"_ _1\"></span>en <span class=\"_ _c4\"></span>cuyo <span class=\"_ _c4\"></span>caso, <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>G<span class=\"_ _1\"></span>rupo <span class=\"_ _1\"></span>reconoce <span class=\"_ _1\"></span>\u00ed<span class=\"_ _1\"></span>ntegramente<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>la parte proporcion<span class=\"_ _0\"></span>al de las p\u00e9rdidas que le corresp<span class=\"_ _0\"></span>onden.   <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Entidades asociadas<span class=\"_ _29d\"> </span><span class=\"_ _0\"></span></span></span>Se <span class=\"_ _0\"></span>consideran en<span class=\"_ _0\"></span>tidades asocia<span class=\"_ _0\"></span>das, aquell<span class=\"_ _0\"></span>as sob<span class=\"_ _0\"></span>re las qu<span class=\"_ _0\"></span>e la <span class=\"_ _0\"></span>Sociedad<span class=\"_ _0\"></span>, directa <span class=\"_ _0\"></span>o indirecta<span class=\"_ _0\"></span>mente a <span class=\"_ _0\"></span>trav\u00e9s<span class=\"_ _0\"></span> de <span class=\"_ _1\"></span>dependientes, <span class=\"_ _1\"></span>ejerce influencia <span class=\"_ _1\"></span>significativa. <span class=\"_ _1\"></span>La <span class=\"_ _1\"></span>influencia <span class=\"_ _1\"></span>significativa<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>es <span class=\"_ _c4\"></span>el <span class=\"_ _1\"></span>poder <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>intervenir<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>en <span class=\"_ _1\"></span>las decisiones <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>pol\u00edtica financie<span class=\"_ _0\"></span>ra y <span class=\"_ _0\"></span>de explotaci\u00f3n<span class=\"_ _0\"></span> de <span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>entidad, sin <span class=\"_ _0\"></span>que s<span class=\"_ _0\"></span>uponga l<span class=\"_ _0\"></span>a existencia <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>control o de control conjunto sobre la misma. En la evalu<span class=\"_ _0\"></span>aci\u00f3n de la existencia de influencia<span class=\"_ _0\"></span> significativa, se con-<span class=\"_ _29d\"> </span>sideran <span class=\"_ _0\"></span>los <span class=\"_ _bf\"></span>derechos <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>voto po<span class=\"_ _0\"></span>tenciales <span class=\"_ _0\"></span>ejercita<span class=\"_ _0\"></span>bles <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>convertib<span class=\"_ _0\"></span>les <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>cha <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>cierre <span class=\"_ _bf\"></span>de cad<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>ejercicio<span class=\"_ _0\"></span>, considerando igualmen<span class=\"_ _0\"></span>te, los derechos de <span class=\"_ _0\"></span>voto potenciales pose\u00edd<span class=\"_ _0\"></span>os por el Grupo o por<span class=\"_ _0\"></span> otra entidad.  Las <span class=\"_ _1\"></span>inversiones en <span class=\"_ _c4\"></span>entidade<span class=\"_ _0\"></span>s <span class=\"_ _c4\"></span>asociadas<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>se <span class=\"_ _1\"></span>registran <span class=\"_ _1\"></span>por <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>m\u00e9todo <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>participaci\u00f3n <span class=\"_ _1\"></span>desde <span class=\"_ _1\"></span>la f<span class=\"_ _1\"></span>echa <span class=\"_ _1\"></span>en<span class=\"_ _0\"></span> la <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>ejerce <span class=\"_ _1\"></span>influencia <span class=\"_ _1\"></span>significativa<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>hasta <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>echa en <span class=\"_ _1\"></span>la <span class=\"_ _c4\"></span>que la <span class=\"_ _1\"></span>Sociedad <span class=\"_ _1\"></span>no <span class=\"_ _1\"></span>puede <span class=\"_ _1\"></span>seguir <span class=\"_ _1\"></span>justificando<span class=\"_ _29d\"> </span><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:18.415379px; bottom:725.9376px;\">la existencia de<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>la misma<span class=\"_ _0\"></span>. No obstante, si en la fecha de adquisic<span class=\"_ _0\"></span>i\u00f3n, toda o parte de la inve<span class=\"_ _0\"></span>rsi\u00f3n, cumple </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:18.415379px; bottom:709.4017px;\">las condici<span class=\"_ _0\"></span>ones para cla<span class=\"_ _0\"></span>sificarse como<span class=\"_ _0\"></span> activos <span class=\"_ _0\"></span>no corrientes<span class=\"_ _0\"></span> o grupos<span class=\"_ _0\"></span> enaj<span class=\"_ _0\"></span>enables de eleme<span class=\"_ _0\"></span>ntos m<span class=\"_ _0\"></span>anteni-<span class=\"_ _29d\"> </span></div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:18.415379px; bottom:693.02167px;\">dos <span class=\"_ _1\"></span>para <span class=\"_ _1\"></span>la <span class=\"_ _c4\"></span>venta, <span class=\"_ _c4\"></span>se <span class=\"_ _1\"></span>registra <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>valor <span class=\"_ _c4\"></span>razonable,<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>enos <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>costes <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>enajenaci\u00f3n <span class=\"_ _1\"></span>o <span class=\"_ _c4\"></span>disposici\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>por <span class=\"_ _c4\"></span>otra </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:18.415379px; bottom:676.48566px;\">v\u00eda.  </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:18.415379px; bottom:653.55365px;\">Las <span class=\"_ _bf\"></span>inversiones <span class=\"_ _0\"></span>en <span class=\"_ _bf\"></span>entidades <span class=\"_ _bf\"></span>asociadas <span class=\"_ _0\"></span>se <span class=\"_ _bf\"></span>reconocen <span class=\"_ _bf\"></span>inicialmente <span class=\"_ _bf\"></span>por <span class=\"_ _0\"></span>su <span class=\"_ _bf\"></span>coste <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>adquisici\u00f3n, <span class=\"_ _bf\"></span>incluyendo </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:18.415379px; bottom:637.17365px;\">con <span class=\"_ _0\"></span>car\u00e1cter <span class=\"_ _bf\"></span>adicional cu<span class=\"_ _0\"></span>alquier <span class=\"_ _0\"></span>coste <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>rectamente <span class=\"_ _0\"></span>atribuible <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>a ad<span class=\"_ _0\"></span>quisici\u00f3n <span class=\"_ _0\"></span>y <span class=\"_ _0\"></span>cualquier <span class=\"_ _bf\"></span>contraprestaci\u00f3n </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:18.415379px; bottom:620.63763px;\">contingente <span class=\"_ _c8\"></span>activa <span class=\"_ _c8\"></span>o <span class=\"_ _c8\"></span>pasiva <span class=\"_ _c8\"></span>que <span class=\"_ _c2\"></span>dependa <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>hechos <span class=\"_ _c4\"></span>futur<span class=\"_ _1\"></span>os <span class=\"_ _c8\"></span>o <span class=\"_ _c8\"></span>del <span class=\"_ _c8\"></span>cumplimiento <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>ciertas <span class=\"_ _c8\"></span>condiciones. </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:18.415379px; bottom:604.2576px;\">Cualquie<span class=\"_ _0\"></span>r exceso <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>coste <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>adquisici\u00f3n <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>respecto <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>la pa<span class=\"_ _0\"></span>rte de<span class=\"_ _0\"></span> los<span class=\"_ _0\"></span> val<span class=\"_ _0\"></span>ores <span class=\"_ _0\"></span>razonables <span class=\"_ _0\"></span>de l<span class=\"_ _0\"></span>os activos<span class=\"_ _0\"></span> </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:18.415379px; bottom:587.8776px;\">netos identificables de <span class=\"_ _1\"></span>la empresa asociada atribuibles al Gr<span class=\"_ _1\"></span>upo en la <span class=\"_ _1\"></span>fecha de <span class=\"_ _1\"></span>adquisici\u00f3n, se considera </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:18.415379px; bottom:571.3416px;\">Fondo <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>comercio <span class=\"_ _c2\"></span>y <span class=\"_ _c5\"></span>se <span class=\"_ _c2\"></span>presenta <span class=\"_ _c2\"></span>formando <span class=\"_ _c2\"></span>parte <span class=\"_ _c2\"></span>del <span class=\"_ _c2\"></span>saldo <span class=\"_ _c2\"></span>del <span class=\"_ _c5\"></span>ep\u00edgrafe <span class=\"_ _c8\"></span>de <span class=\"_ _c5\"></span>Inversione<span class=\"_ _0\"></span>s <span class=\"_ _c5\"></span>contabili<span class=\"_ _0\"></span>zadas </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:18.415379px; bottom:554.9617px;\">aplicando el m\u00e9todo de la participaci\u00f3n del Estado de situaci\u00f3n financiera consolida<span class=\"_ _0\"></span>do. <span class=\"_ _1\"></span>Cualquier defecto </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:18.415379px; bottom:538.42566px;\">del coste <span class=\"_ _1\"></span>de adquisici\u00f3n con r<span class=\"_ _1\"></span>especto<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>parte de los <span class=\"_ _1\"></span>valores razonables de <span class=\"_ _1\"></span>los activos netos <span class=\"_ _1\"></span>identifica-<span class=\"_ _29d\"> </span></div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:18.415379px; bottom:522.04565px;\">bles <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>la <span class=\"_ _c8\"></span>empresa <span class=\"_ _c4\"></span>asociada <span class=\"_ _c8\"></span>que <span class=\"_ _c8\"></span>posee <span class=\"_ _c4\"></span>el <span class=\"_ _c8\"></span>Grupo <span class=\"_ _c8\"></span>en <span class=\"_ _c8\"></span>la <span class=\"_ _c4\"></span>fecha <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>adquisi<span class=\"_ _0\"></span>ci\u00f3n <span class=\"_ _c8\"></span>(es <span class=\"_ _c8\"></span>decir, <span class=\"_ _c8\"></span>descuento <span class=\"_ _c4\"></span>en <span class=\"_ _c8\"></span>la </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:18.415379px; bottom:505.66565px;\">adquisici\u00f3n<span class=\"_ _0\"></span>) se <span class=\"_ _1\"></span>reconoce<span class=\"_ _0\"></span> en resultados en el per\u00edod<span class=\"_ _0\"></span>o de adquisici\u00f3n.  </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:18.415379px; bottom:482.73364px;\">El <span class=\"_ _0\"></span>Grupo <span class=\"_ _bf\"></span>clasifica <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>resul<span class=\"_ _0\"></span>tado <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>est<span class=\"_ _1\"></span>as <span class=\"_ _bf\"></span>sociedades <span class=\"_ _0\"></span>dentro <span class=\"_ _bf\"></span>del <span class=\"_ _0\"></span>resultado <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>explotaci\u00f3n <span class=\"_ _0\"></span>cuando <span class=\"_ _bf\"></span>la a<span class=\"_ _0\"></span>ctividad </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:18.415379px; bottom:466.19763px;\">de <span class=\"_ _1\"></span>la <span class=\"_ _c4\"></span>entidad <span class=\"_ _1\"></span>es <span class=\"_ _c4\"></span>an\u00e1loga<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>a <span class=\"_ _c4\"></span>las <span class=\"_ _1\"></span>actividades <span class=\"_ _1\"></span>operativas <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>Grupo. <span class=\"_ _c4\"></span>Por<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>el <span class=\"_ _c4\"></span>contrario, <span class=\"_ _1\"></span>cuando <span class=\"_ _1\"></span>la <span class=\"_ _c4\"></span>actividad <span class=\"_ _1\"></span>de </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:18.415379px; bottom:449.81763px;\">estas sociedades es<span class=\"_ _0\"></span> distinta, se clasifica fuera del<span class=\"_ _0\"></span> resultado de explotaci\u00f3<span class=\"_ _0\"></span>n.   </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:426.88562px;\">En <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>Anexo <span class=\"_ _1\"></span>I <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>muestra <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>detalle <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>sociedades <span class=\"_ _1\"></span>dependientes<span class=\"_ _0\"></span>, <span class=\"_ _1\"></span>acuerdos <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>negocios <span class=\"_ _1\"></span>conjuntos y <span class=\"_ _c4\"></span>em-<span class=\"_ _29d\"> </span></div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:410.34967px;\">presas asociadas <span class=\"_ _0\"></span>de la So<span class=\"_ _0\"></span>ciedad as\u00ed como<span class=\"_ _0\"></span> el m\u00e9todo de <span class=\"_ _0\"></span>consolidaci\u00f3n <span class=\"_ _0\"></span>o valoraci\u00f3n que <span class=\"_ _0\"></span>se ha aplicad<span class=\"_ _0\"></span>o para </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:393.96967px;\">la preparaci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>de las cu<span class=\"_ _0\"></span>entas anuales consolida<span class=\"_ _0\"></span>das adjuntas y otra infor<span class=\"_ _0\"></span>maci\u00f3n referente a las<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>mismas. <span class=\"_ _0\"></span> </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:371.03766px;\">Los <span class=\"_ _c8\"></span>Estados <span class=\"_ _c4\"></span>f<span class=\"_ _1\"></span>inancie<span class=\"_ _0\"></span>ros <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>las <span class=\"_ _c8\"></span>entidades <span class=\"_ _c4\"></span>dependientes, <span class=\"_ _c4\"></span>de <span class=\"_ _c2\"></span>acuerdos<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>conjuntos, <span class=\"_ _c8\"></span>negocios <span class=\"_ _c4\"></span>conjuntos <span class=\"_ _c8\"></span>y <span class=\"_ _c8\"></span>em-<span class=\"_ _29d\"> </span></div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:354.50165px;\">presas <span class=\"_ _c2\"></span>asociadas <span class=\"_ _c8\"></span>utilizados <span class=\"_ _c2\"></span>en <span class=\"_ _c2\"></span>el <span class=\"_ _c2\"></span>proceso <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>consolidaci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _c2\"></span>son <span class=\"_ _c2\"></span>r<span class=\"_ _1\"></span>elativos <span class=\"_ _c8\"></span>a <span class=\"_ _c5\"></span>una <span class=\"_ _c8\"></span>f<span class=\"_ _1\"></span>echa <span class=\"_ _c8\"></span>y <span class=\"_ _c5\"></span>a <span class=\"_ _c2\"></span>un <span class=\"_ _c2\"></span>periodo<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>que </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:338.12164px;\">coincide con los de<span class=\"_ _0\"></span> la Sociedad matriz.  </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:315.1897px;\">La <span class=\"_ _bf\"></span>consolidaci\u00f3n <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>las <span class=\"_ _bf\"></span>operaciones <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>la <span class=\"_ _bf\"></span>Socieda<span class=\"_ _0\"></span>d <span class=\"_ _bf\"></span>y <span class=\"_ _0\"></span>las<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>socie<span class=\"_ _0\"></span>dades <span class=\"_ _bf\"></span>dependientes <span class=\"_ _bf\"></span>se <span class=\"_ _bf\"></span>ha <span class=\"_ _bf\"></span>efectuado <span class=\"_ _bf\"></span>siguie<span class=\"_ _0\"></span>ndo </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:298.65363px;\">los siguientes pri<span class=\"_ _0\"></span>ncipios b\u00e1sicos:  </div><div class=\"t m0 he ff9 fs1 fc2 sc1 ls0 ws0\" style=\"left:0.00737381px; bottom:274.78564px;\"> <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Los principio<span class=\"_ _0\"></span>s y criterios <span class=\"_ _0\"></span>contables u<span class=\"_ _0\"></span>tilizados por l<span class=\"_ _0\"></span>as empresas<span class=\"_ _0\"></span> del Grupo <span class=\"_ _0\"></span>han sido <span class=\"_ _0\"></span>homogeneizados co<span class=\"_ _0\"></span>n </span></span></div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:258.40564px;\">los principios y criterio<span class=\"_ _0\"></span>s contables aplicados po<span class=\"_ _0\"></span>r la Sociedad matriz<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>  </div><div class=\"t m0 he ff9 fs1 fc2 sc1 ls0 ws0\" style=\"left:0.00737381px; bottom:234.53763px;\"> <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">La conversi\u00f3n de nego<span class=\"_ _0\"></span>cios en el extranjero: <span class=\"_ _0\"></span> </span></span></div><div class=\"t m0 he ffc fs1 fc2 sc0 ls0 ws0\" style=\"left:41.503372px; bottom:211.44965px;\">o<span class=\"ff5\"> <span class=\"_ _cd\"> </span><span class=\"ff3 fc1\">Los <span class=\"_ _1\"></span>estados f<span class=\"_ _1\"></span>inancie<span class=\"_ _0\"></span>ros de <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>sociedades <span class=\"_ _1\"></span>extranjeras se <span class=\"_ _1\"></span>han r<span class=\"_ _1\"></span>ealizado aplicand<span class=\"_ _0\"></span>o <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>m\u00e9todo <span class=\"_ _1\"></span>del </span></span></div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:73.63938px; bottom:195.06967px;\">tipo <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>cambio <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>cierre para <span class=\"_ _c4\"></span>los <span class=\"_ _1\"></span>activos <span class=\"_ _1\"></span>y <span class=\"_ _c4\"></span>pasivos, <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>tipo <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>cambio <span class=\"_ _1\"></span>medio <span class=\"_ _1\"></span>para <span class=\"_ _c4\"></span>los <span class=\"_ _1\"></span>ingresos y </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:73.63938px; bottom:178.68967px;\">gastos y el tipo de<span class=\"_ _0\"></span> cambio hist\u00f3rico para Capital y<span class=\"_ _0\"></span> Reservas.  </div><div class=\"t m0 he ffc fs1 fc2 sc0 ls0 ws0\" style=\"left:41.503372px; bottom:155.75766px;\">o<span class=\"ff5\"> <span class=\"_ _cd\"> </span><span class=\"ff3 fc1\">Las <span class=\"_ _c8\"></span>diferencias <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>cambio <span class=\"_ _c8\"></span>r<span class=\"_ _1\"></span>esultantes<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>de <span class=\"_ _c8\"></span>la <span class=\"_ _c8\"></span>aplicaci\u00f3n <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>los <span class=\"_ _c2\"></span>criterios <span class=\"_ _c8\"></span>anteriores<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>se <span class=\"_ _c8\"></span>reconocen </span></span></div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:73.63938px; bottom:139.22162px;\">como diferencias<span class=\"_ _0\"></span> de conversi\u00f3n en Otro resultad<span class=\"_ _0\"></span>o global.  </div><div class=\"t m0 he ffc fs1 fc2 sc0 ls0 ws0\" style=\"left:41.503372px; bottom:116.28967px;\">o<span class=\"ff5\"> <span class=\"_ _cd\"> </span><span class=\"ff3 fc1\">Este <span class=\"_ _c2\"></span>m<span class=\"_ _1\"></span>ismo <span class=\"_ _c2\"></span>criterio <span class=\"_ _c2\"></span>es <span class=\"_ _c5\"></span>apli<span class=\"_ _0\"></span>cable <span class=\"_ _c2\"></span>a <span class=\"_ _c5\"></span>la <span class=\"_ _c2\"></span>conversi\u00f3n <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>los <span class=\"_ _c2\"></span>estados <span class=\"_ _c5\"></span>financiero<span class=\"_ _0\"></span>s <span class=\"_ _c5\"></span>de <span class=\"_ _c2\"></span>las <span class=\"_ _c5\"></span>sociedad<span class=\"_ _0\"></span>es </span></span></div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:73.63938px; bottom:99.90961px;\">contabilizadas por <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>m\u00e9todo de <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>participaci\u00f3n, reconociendo las <span class=\"_ _1\"></span>diferencias de <span class=\"_ _c4\"></span>conversi\u00f3n co-<span class=\"_ _29d\"> </span></div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:73.63938px; bottom:83.37366px;\">rrespondientes a la<span class=\"_ _0\"></span> participaci\u00f3n del Grupo en Ot<span class=\"_ _0\"></span>ro resultado global.  </div><div class=\"t m0 he ff9 fs1 fc2 sc1 ls0 ws0\" style=\"left:0.00737381px; bottom:59.505615px;\"> <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Todos los <span class=\"_ _0\"></span>saldos y transa<span class=\"_ _0\"></span>cciones entre las <span class=\"_ _0\"></span>sociedades conso<span class=\"_ _0\"></span>lidadas por integraci\u00f3<span class=\"_ _0\"></span>n global se <span class=\"_ _0\"></span>han eli<span class=\"_ _0\"></span>mi-<span class=\"_ _29d\"> </span></span></span></div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:43.12564px;\">nado en el proceso de<span class=\"_ _0\"></span> consolidaci\u00f3n.  </div><div class=\"t m0 he ff9 fs1 fc2 sc1 ls0 ws0\" style=\"left:0.00737381px; bottom:19.101624px;\"> <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Los <span class=\"_ _bf\"></span>m\u00e1rgenes <span class=\"_ _bf\"></span>incluidos <span class=\"_ _bf\"></span>en <span class=\"_ _bf\"></span>la <span class=\"_ _bf\"></span>facturaci\u00f3n <span class=\"_ _bf\"></span>entre <span class=\"_ _bf\"></span>sociedades <span class=\"_ _bf\"></span>del <span class=\"_ _bf\"></span>Grupo <span class=\"_ _bf\"></span>por <span class=\"_ _bf\"></span>bienes <span class=\"_ _bf\"></span>o <span class=\"_ _bf\"></span>servicios <span class=\"_ _bf\"></span>capitalizable<span class=\"_ _0\"></span>s </span></span></div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:27.775375px; bottom:2.7216187px;\">se han eliminado en el <span class=\"_ _0\"></span>momento de reali<span class=\"_ _0\"></span>zarse <span class=\"_ _1\"></span>la <span class=\"_ _0\"></span>operaci\u00f3n. </div>g) <span class=\"_ _ca\"> </span>Variaciones en el per\u00ed<span class=\"_ _0\"></span>metro de consolidaci\u00f3n<span class=\"ff3 fc1\">  </span>Durante el ejercici<span class=\"_ _0\"></span>o 2022 se han produci<span class=\"_ _0\"></span>do las siguientes variacio<span class=\"_ _0\"></span>nes en el per\u00edmetro de consolid<span class=\"_ _0\"></span>aci\u00f3n:   <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Con <span class=\"_ _c5\"></span>fecha <span class=\"_ _c2\"></span>31 <span class=\"_ _c5\"></span>de <span class=\"_ _c5\"></span>enero <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>2022, <span class=\"_ _c2\"></span>se <span class=\"_ _c5\"></span>ha <span class=\"_ _c5\"></span>hecho <span class=\"_ _c2\"></span>efectiva <span class=\"_ _c5\"></span>la <span class=\"_ _c5\"></span>adquisi<span class=\"_ _0\"></span>ci\u00f3n <span class=\"_ _c5\"></span>de <span class=\"_ _c2\"></span>la <span class=\"_ _c5\"></span>totalidad <span class=\"_ _c5\"></span>de <span class=\"_ _c2\"></span>las <span class=\"_ _c5\"></span>accion<span class=\"_ _0\"></span>es </span></span>ordinarias no<span class=\"_ _0\"></span>minativas y<span class=\"_ _0\"></span> representativas<span class=\"_ _0\"></span> del 1<span class=\"_ _0\"></span>00% del<span class=\"_ _0\"></span> capital <span class=\"_ _0\"></span>social de <span class=\"_ _0\"></span>Rialma <span class=\"_ _0\"></span>Transmissora<span class=\"_ _0\"></span> de E<span class=\"_ _0\"></span>nergia III <span class=\"_ _0\"></span>S.A. <span class=\"_ _bf\"></span>(\u201cRialma <span class=\"_ _bf\"></span>III\u201d), <span class=\"_ _0\"></span>la <span class=\"_ _bf\"></span>cual <span class=\"_ _bf\"></span>cambi\u00f3 <span class=\"_ _0\"></span>en <span class=\"_ _bf\"></span>la <span class=\"_ _bf\"></span>m<span class=\"_ _1\"></span>isma <span class=\"_ _bf\"></span>fecha <span class=\"_ _bf\"></span>su <span class=\"_ _0\"></span>raz\u00f3n <span class=\"_ _bf\"></span>social <span class=\"_ _bf\"></span>a <span class=\"_ _0\"></span>\u201cArgo <span class=\"_ _bf\"></span>IV <span class=\"_ _0\"></span>Trans<span class=\"_ _0\"></span>miss\u00e3o <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>Energia<span class=\"_ _0\"></span> S.A.\u201d. Esta <span class=\"_ _1\"></span>adquisici\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _1\"></span>se ha r<span class=\"_ _1\"></span>ealizado<span class=\"_ _0\"></span>, <span class=\"_ _1\"></span>tras el <span class=\"_ _1\"></span>cumplimien<span class=\"_ _0\"></span>to <span class=\"_ _1\"></span>de las condiciones suspensivas y <span class=\"_ _1\"></span>la obten-<span class=\"_ _29d\"> </span>ci\u00f3n <span class=\"_ _c5\"></span>de <span class=\"_ _c5\"></span>las <span class=\"_ _c5\"></span>aproba<span class=\"_ _0\"></span>ciones <span class=\"_ _c5\"></span>que <span class=\"_ _c5\"></span>se <span class=\"_ _c5\"></span>establecieron <span class=\"_ _c2\"></span>en <span class=\"_ _c5\"></span>el <span class=\"_ _c5\"> </span>contrato <span class=\"_ _c5\"></span>que <span class=\"_ _c5\"></span>Argo<span class=\"_ _0\"></span> <span class=\"_ _c5\"> </span>Energia <span class=\"_ _c5\"> </span>Empreendimen<span class=\"_ _0\"></span>tos <span class=\"_ _c5\"> </span>e Participa\u00e7\u00f5es <span class=\"_ _1\"></span>S.A. <span class=\"_ _c4\"></span>(\u201cArgo\u201d), <span class=\"_ _1\"></span>sociedad <span class=\"_ _1\"></span>participada al <span class=\"_ _c4\"></span>50% <span class=\"_ _c4\"></span>por <span class=\"_ _1\"></span>Red <span class=\"_ _c4\"></span>Electric<span class=\"_ _0\"></span>a <span class=\"_ _c4\"></span>Brasil, <span class=\"_ _1\"></span>suscribi\u00f3 <span class=\"_ _1\"></span>con <span class=\"_ _c4\"></span>Rialma Administra\u00e7\u00e3o e Pa<span class=\"_ _0\"></span>rticipa\u00e7\u00f5es S.A., el 3 de novie<span class=\"_ _0\"></span>mbre de 2021.   <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">El <span class=\"_ _c2\"></span>29 <span class=\"_ _c5\"></span>de <span class=\"_ _c8\"></span>j<span class=\"_ _1\"></span>unio <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>2022,<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>tras <span class=\"_ _c2\"></span>las <span class=\"_ _c2\"></span>pertinentes <span class=\"_ _c2\"></span>aprobaciones, <span class=\"_ _c2\"></span>se <span class=\"_ _c2\"></span>ha <span class=\"_ _c2\"></span>m<span class=\"_ _1\"></span>ateri<span class=\"_ _0\"></span>alizado <span class=\"_ _c2\"></span>la <span class=\"_ _c5\"></span>transmisi\u00f3n <span class=\"_ _c8\"></span>de <span class=\"_ _c5\"></span>una </span></span>participaci\u00f3n <span class=\"_ _bf\"></span>minoritaria <span class=\"_ _bf\"></span>del <span class=\"_ _0\"></span>49% <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>Red <span class=\"_ _0\"></span>El\u00e9ctrica<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>Infraestructuras<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>Telecomunicaci\u00f3n, <span class=\"_ _0\"></span>S.A.U <span class=\"_ _bf\"></span>(Reintel)<span class=\"_ _0\"></span>, seg\u00fan <span class=\"_ _c4\"></span>el <span class=\"_ _c8\"></span>acuerdo <span class=\"_ _1\"></span>suscr<span class=\"_ _1\"></span>ito <span class=\"_ _c4\"></span>entre <span class=\"_ _c4\"></span>Red <span class=\"_ _c4\"></span>El\u00e9ctrica <span class=\"_ _c4\"></span>Corporaci\u00f3n, <span class=\"_ _c4\"></span>S.A. <span class=\"_ _c4\"></span>y <span class=\"_ _c8\"></span>Kohlberg <span class=\"_ _c4\"></span>Kravis <span class=\"_ _c4\"></span>Roberts <span class=\"_ _c4\"></span>&amp; <span class=\"_ _c8\"></span>Co. <span class=\"_ _c4\"></span>L.P.<span class=\"_ _0\"></span> (KKR, en adelan<span class=\"_ _0\"></span>te) a trav\u00e9s de su<span class=\"_ _0\"></span> filial Rudolp<span class=\"_ _0\"></span>h Bidco S.\u00c0.R.L, el<span class=\"_ _0\"></span> 16 de dicie<span class=\"_ _0\"></span>mbre de 2021. Despu<span class=\"_ _0\"></span>\u00e9s de esta <span class=\"_ _0\"></span>operaci\u00f3n,<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>Redeia<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>mantiene<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>control <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>eintel, <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>una<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>participaci\u00f3n <span class=\"_ _bf\"></span>del <span class=\"_ _0\"></span>51%, <span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>lo <span class=\"_ _bf\"></span>que <span class=\"_ _0\"></span>contin\u00faa<span class=\"_ _0\"></span> consolid\u00e1n<span class=\"_ _0\"></span>dose <span class=\"_ _0\"></span>como <span class=\"_ _bf\"></span>entidad <span class=\"_ _bf\"></span>dependiente, <span class=\"_ _0\"></span>regis<span class=\"_ _0\"></span>tr\u00e1ndose <span class=\"_ _bf\"></span>una <span class=\"_ _bf\"></span>var<span class=\"_ _1\"></span>iaci\u00f3n <span class=\"_ _bf\"></span>en <span class=\"_ _bf\"></span>el <span class=\"_ _0\"></span>per\u00edmetro <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>consoli<span class=\"_ _0\"></span>daci\u00f3n a partir de esta fecha.<span class=\"_ _0\"></span>  Esta transacci\u00f3n<span class=\"_ _0\"></span> no gen<span class=\"_ _0\"></span>era impacto en<span class=\"_ _0\"></span> la cuenta <span class=\"_ _0\"></span>de Resultados C<span class=\"_ _0\"></span>onsolidada <span class=\"_ _0\"></span>por tratarse de<span class=\"_ _0\"></span> la venta d<span class=\"_ _0\"></span>e un <span class=\"_ _1\"></span>por<span class=\"_ _1\"></span>centaje minoritario <span class=\"_ _c4\"></span>manteniendo <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>Grupo <span class=\"_ _1\"></span>el <span class=\"_ _c4\"></span>control <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>la <span class=\"_ _1\"></span>Sociedad. <span class=\"_ _1\"></span>El <span class=\"_ _c4\"></span>impacto <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>esta <span class=\"_ _1\"></span>venta <span class=\"_ _c4\"></span>ha<span class=\"_ _0\"></span> supuesto <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>aumento <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>Patrimonio <span class=\"_ _c4\"></span>Neto atribuido <span class=\"_ _1\"></span>a <span class=\"_ _c4\"></span>la <span class=\"_ _1\"></span>Sociedad <span class=\"_ _1\"></span>dominante <span class=\"_ _1\"></span>en <span class=\"_ _c4\"></span>el <span class=\"_ _1\"></span>ep\u00edgrafe <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>Otras reservas <span class=\"_ _c2\"></span>por <span class=\"_ _c2\"></span>importe <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>920,8 <span class=\"_ _c5\"></span>millones <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>eu<span class=\"_ _0\"></span>ros <span class=\"_ _c2\"></span>(ver <span class=\"_ _c5\"></span>nota <span class=\"_ _c2\"></span>14.b), <span class=\"_ _c2\"></span>as\u00ed <span class=\"_ _c2\"></span>como <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>las <span class=\"_ _c2\"></span>Participacione<span class=\"_ _0\"></span>s <span class=\"_ _c5\"></span>no dominantes por impo<span class=\"_ _0\"></span>rte de 34,9 millones de<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>euros (ver nota<span class=\"_ _0\"></span> 14.c).   <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Con <span class=\"_ _1\"></span>fecha <span class=\"_ _c4\"></span>9 <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>agosto <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>2022, <span class=\"_ _c4\"></span>tras <span class=\"_ _1\"></span>las <span class=\"_ _c4\"></span>pertinente<span class=\"_ _0\"></span>s <span class=\"_ _c4\"></span>aprobaciones, <span class=\"_ _1\"></span>Hispasat, <span class=\"_ _1\"></span>S.A. <span class=\"_ _c4\"></span>ha <span class=\"_ _1\"></span>hecho <span class=\"_ _1\"></span>ef<span class=\"_ _1\"></span>ectiva <span class=\"_ _1\"></span>la </span></span>adquisici\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>la <span class=\"_ _bf\"></span>totalidad <span class=\"_ _bf\"></span>del <span class=\"_ _bf\"></span>100% <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>las <span class=\"_ _bf\"></span>participaciones <span class=\"_ _bf\"></span>sociales <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>Axes<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>Netwo<span class=\"_ _0\"></span>rks <span class=\"_ _0\"></span>So<span class=\"_ _0\"></span>lutions <span class=\"_ _bf\"></span>Holding, S.L. <span class=\"_ _c8\"></span>(\u201cAxess\u201d). <span class=\"_ _c4\"></span>Redeia <span class=\"_ _c8\"></span>posee <span class=\"_ _c4\"></span>el <span class=\"_ _c8\"></span>89,68% <span class=\"_ _c8\"></span>del <span class=\"_ _c4\"></span>Grupo <span class=\"_ _c8\"></span>Hispasat, <span class=\"_ _c4\"></span>y <span class=\"_ _c8\"></span>por <span class=\"_ _c8\"></span>tanto <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>estas <span class=\"_ _c8\"></span>participacion<span class=\"_ _0\"></span>es <span class=\"_ _c8\"></span>y <span class=\"_ _c8\"></span>de sus subsidiarias. El subg<span class=\"_ _0\"></span>rupo Axess se consolid<span class=\"_ _0\"></span>a por Integraci\u00f3n <span class=\"_ _0\"></span>G<span class=\"_ _1\"></span>lobal.  <span class=\"_ _0\"></span>  <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Asimismo, <span class=\"_ _1\"></span>con fecha <span class=\"_ _1\"></span>7 <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>octubre <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>2022, Axess <span class=\"_ _1\"></span>Net<span class=\"_ _1\"></span>works<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>Solutions, <span class=\"_ _1\"></span>S.L.U. <span class=\"_ _1\"></span>ha <span class=\"_ _1\"></span>adquirido <span class=\"_ _1\"></span>al socio <span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>i-<span class=\"_ _29d\"> </span></span></span>noritario <span class=\"_ _c9\"> </span>el <span class=\"_ _c0\"> </span>40% <span class=\"_ _c9\"> </span>del <span class=\"_ _c0\"> </span>capital <span class=\"_ _c9\"> </span>social <span class=\"_ _c0\"> </span>de <span class=\"_ _c9\"> </span>Axess <span class=\"_ _c0\"> </span>Networks <span class=\"_ _c9\"> </span>Solutions <span class=\"_ _c9\"> </span>Chil<span class=\"_ _0\"></span>e, <span class=\"_ _c9\"> </span>S.A. <span class=\"_ _c9\"> </span>(sociedad<span class=\"_ _0\"></span> <span class=\"_ _c9\"> </span>del <span class=\"_ _c0\"> </span>subgrupo Axess). Esta <span class=\"_ _c4\"></span>operaci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _1\"></span>no <span class=\"_ _1\"></span>ha <span class=\"_ _1\"></span>supuesto cambio <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>el m<span class=\"_ _1\"></span>\u00e9todo <span class=\"_ _1\"></span>de integraci\u00f3n, que <span class=\"_ _1\"></span>sigue <span class=\"_ _1\"></span>consolid\u00e1ndose<span class=\"_ _0\"></span> por integraci\u00f3n global. <span class=\"_ _0\"></span>  <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Con fecha 30 de noviem<span class=\"_ _0\"></span>bre <span class=\"_ _1\"></span>de 2022, se ha hecho efectiva la adquisi<span class=\"_ _0\"></span>ci\u00f3n de la totalidad de las accione<span class=\"_ _0\"></span>s </span></span>ordinarias <span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>minativas <span class=\"_ _0\"></span>y <span class=\"_ _bf\"></span>representativas <span class=\"_ _0\"></span>del <span class=\"_ _bf\"></span>100% <span class=\"_ _0\"></span>del <span class=\"_ _bf\"></span>capital <span class=\"_ _0\"></span>social <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>cinco <span class=\"_ _bf\"></span>concesiones <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>transmisi\u00f3n<span class=\"_ _0\"></span> el\u00e9ctrica (\u201cAr<span class=\"_ _1\"></span>go V, <span class=\"_ _1\"></span>VI, <span class=\"_ _1\"></span>VII, VIII <span class=\"_ _1\"></span>y IX\u201d) a <span class=\"_ _1\"></span>Brasil Energ\u00eda <span class=\"_ _1\"></span>FIP. Esta <span class=\"_ _1\"></span>inversi\u00f3n se <span class=\"_ _1\"></span>ha <span class=\"_ _1\"></span>llevado a <span class=\"_ _1\"></span>cabo <span class=\"_ _1\"></span>mediant<span class=\"_ _0\"></span>e la <span class=\"_ _c8\"></span>inversi\u00f3n <span class=\"_ _c4\"></span>conj<span class=\"_ _1\"></span>unta <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>Argo <span class=\"_ _c8\"></span>Energ\u00eda <span class=\"_ _c8\"></span>(62,5%) <span class=\"_ _c8\"></span>y <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>Grupo <span class=\"_ _c2\"></span>de <span class=\"_ _c8\"></span>Energ\u00eda <span class=\"_ _c8\"></span>Bogot\u00e1 <span class=\"_ _c8\"></span>(GEB) <span class=\"_ _c8\"></span>(37,5%) <span class=\"_ _c8\"></span>bajo <span class=\"_ _c8\"></span>un modelo de cogobernanz<span class=\"_ _0\"></span>a entre Redeia y GEB.<span class=\"_ _29d\"> </span>El 13 de diciembre de 202<span class=\"_ _0\"></span>2 ha t<span class=\"_ _1\"></span>enido luga<span class=\"_ _0\"></span>r la fusi\u00f3n por absorci\u00f3n de Axe<span class=\"_ _0\"></span>ss Networks Solutions, S<span class=\"_ _0\"></span>.L.U. y Axess Networks Solu<span class=\"_ _0\"></span>tions Holding, S.L. quedan<span class=\"_ _0\"></span>do disuelta y extinguida<span class=\"_ _0\"></span> esta \u00faltima.   <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Por <span class=\"_ _1\"></span>\u00faltimo, <span class=\"_ _c4\"></span>con <span class=\"_ _c4\"></span>fecha <span class=\"_ _c4\"></span>21 <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>diciembre <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>2022, <span class=\"_ _1\"></span>Hispasat, <span class=\"_ _c4\"></span>S.A., <span class=\"_ _c4\"></span>sociedad <span class=\"_ _1\"></span>participada <span class=\"_ _1\"></span>por <span class=\"_ _c4\"></span>Redeia <span class=\"_ _1\"></span>en <span class=\"_ _c4\"></span>un </span></span>89,68%, <span class=\"_ _1\"></span>ha <span class=\"_ _1\"></span>adquirido un <span class=\"_ _1\"></span>10,85% <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>capital <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>Grupo <span class=\"_ _1\"></span>Sylvestris, <span class=\"_ _1\"></span>S.L en <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>mantiene <span class=\"_ _1\"></span>influencia <span class=\"_ _1\"></span>sig-<span class=\"_ _29d\"> </span>nificativa y por tanto,<span class=\"_ _0\"></span> consolida por el m\u00e9todo de<span class=\"_ _0\"></span> la participaci\u00f3n (ver nota 1<span class=\"_ _0\"></span>1).   <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Durante el <span class=\"_ _1\"></span>ejercicio 2022 la <span class=\"_ _1\"></span>Sociedad, a <span class=\"_ _1\"></span>trav\u00e9s de <span class=\"_ _1\"></span>su sociedad Red <span class=\"_ _1\"></span>El\u00e9ctrica y <span class=\"_ _1\"></span>de Telecomunicacione<span class=\"_ _0\"></span>s, </span></span>Innovaci\u00f3n y<span class=\"_ _0\"></span> Tecnolog\u00eda, <span class=\"_ _0\"></span>S.A.U. (Elewi<span class=\"_ _0\"></span>t), adquiri\u00f3 <span class=\"_ _0\"></span>un 13,07<span class=\"_ _0\"></span>% del capita<span class=\"_ _0\"></span>l de<span class=\"_ _0\"></span> la Sociedad <span class=\"_ _0\"></span>OKTO G<span class=\"_ _0\"></span>rid ApS y <span class=\"_ _c2\"></span>la <span class=\"_ _c5\"></span>incorpor\u00f3<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>a <span class=\"_ _c5\"></span>su <span class=\"_ _c2\"></span>per\u00edmetro <span class=\"_ _c2\"></span>debido <span class=\"_ _c2\"></span>a <span class=\"_ _c2\"></span>la <span class=\"_ _c2\"></span>inf<span class=\"_ _1\"></span>luen<span class=\"_ _0\"></span>cia <span class=\"_ _c2\"></span>significativa <span class=\"_ _c2\"></span>que <span class=\"_ _c5\"></span>ejerce<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>en <span class=\"_ _c2\"></span>ella. <span class=\"_ _c2\"></span>Esta <span class=\"_ _c2\"></span>sociedad <span class=\"_ _c2\"></span>se integra <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>Estados Financieros <span class=\"_ _1\"></span>del G<span class=\"_ _1\"></span>rupo mediante <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>m\u00e9todo <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>la participaci\u00f3n. <span class=\"_ _1\"></span>Asimismo, tras <span class=\"_ _1\"></span>la p\u00e9rdida de<span class=\"_ _0\"></span> la in<span class=\"_ _0\"></span>fluencia s<span class=\"_ _0\"></span>ignificativa en<span class=\"_ _0\"></span> Zeleros <span class=\"_ _0\"></span>Global, <span class=\"_ _0\"></span>S.L. la<span class=\"_ _0\"></span> Sociedad ha<span class=\"_ _0\"></span> dado <span class=\"_ _0\"></span>de baja<span class=\"_ _0\"></span> dicha pa<span class=\"_ _0\"></span>rticipa-<span class=\"_ _29d\"> </span>ci\u00f3n pasa<span class=\"_ _0\"></span>ndo a ser regist<span class=\"_ _0\"></span>rada en el ep\u00edgra<span class=\"_ _0\"></span>fe del Bala<span class=\"_ _0\"></span>nce Consoli<span class=\"_ _0\"></span>dado adjunto como un a<span class=\"_ _0\"></span>ctivo financiero<span class=\"_ _0\"></span> a valor razonable con ca<span class=\"_ _0\"></span>mbios en resultados (ver n<span class=\"_ _0\"></span>ota 11).  Durante <span class=\"_ _c9\"> </span>el <span class=\"_ _c0\"> </span>ejercicio <span class=\"_ _c0\"> </span>2021 <span class=\"_ _c9\"> </span>se <span class=\"_ _c0\"> </span>produjeron <span class=\"_ _c0\"> </span>las <span class=\"_ _c9\"> </span>siguientes <span class=\"_ _c0\"> </span>variaciones <span class=\"_ _c9\"> </span>en <span class=\"_ _c5\"> </span>el <span class=\"_ _c9\"> </span>per\u00edmetro <span class=\"_ _c9\"> </span>de<span class=\"_ _0\"></span> <span class=\"_ _c9\"> </span>consolidaci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _c9\"> </span>del Grupo:   <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Con <span class=\"_ _c2\"></span>fecha <span class=\"_ _c5\"></span>15 <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>enero <span class=\"_ _c8\"></span>de <span class=\"_ _c5\"></span>2021 <span class=\"_ _c2\"></span>se <span class=\"_ _c2\"></span>constituy\u00f3 <span class=\"_ _c5\"></span>la <span class=\"_ _c8\"></span>Sociedad <span class=\"_ _c5\"></span>peruana <span class=\"_ _c2\"></span>\u201cHispasat <span class=\"_ _c2\"></span>Per\u00fa <span class=\"_ _c2\"></span>S.A.C\u201d. <span class=\"_ _c5\"></span>El <span class=\"_ _c2\"></span>objeto </span></span>social principal <span class=\"_ _1\"></span>es la <span class=\"_ _1\"></span>prestaci\u00f3n de <span class=\"_ _1\"></span>servicios<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>de telecomunicaci\u00f3n. Esta <span class=\"_ _1\"></span>Socieda<span class=\"_ _0\"></span>d <span class=\"_ _1\"></span>es <span class=\"_ _1\"></span>propiedad al 100% de <span class=\"_ _1\"></span>Hispasat<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>S.A. <span class=\"_ _1\"></span>y se <span class=\"_ _1\"></span>integra mediante el m\u00e9t<span class=\"_ _1\"></span>odo de integraci\u00f3n global. <span class=\"_ _1\"></span>Con fecha 1 <span class=\"_ _1\"></span>de m<span class=\"_ _1\"></span>ayo de 2021, Hispasat P<span class=\"_ _0\"></span>er\u00fa llev\u00f3 <span class=\"_ _0\"></span>a ca<span class=\"_ _0\"></span>bo la<span class=\"_ _0\"></span> adquisi<span class=\"_ _0\"></span>ci\u00f3n de <span class=\"_ _0\"></span>una seri<span class=\"_ _0\"></span>e de <span class=\"_ _0\"></span>activos para<span class=\"_ _0\"></span> la <span class=\"_ _0\"></span>gesti\u00f3n <span class=\"_ _0\"></span>y transporte <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>se\u00f1ales de video en Latinoam\u00e9<span class=\"_ _0\"></span>rica.    <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Durante el <span class=\"_ _1\"></span>ejercicio 2021 la <span class=\"_ _1\"></span>Sociedad, a <span class=\"_ _1\"></span>trav\u00e9s de <span class=\"_ _1\"></span>su sociedad Red <span class=\"_ _1\"></span>El\u00e9ctrica y <span class=\"_ _1\"></span>de Telecomunicacione<span class=\"_ _0\"></span>s, </span></span>Innovaci\u00f3n <span class=\"_ _c4\"></span>y <span class=\"_ _c4\"></span>Tecnolog\u00eda, <span class=\"_ _c4\"></span>S.A.U. <span class=\"_ _c4\"></span>(Elewit), <span class=\"_ _c4\"></span>incorpor\u00f3 <span class=\"_ _1\"></span>a <span class=\"_ _c8\"></span>su <span class=\"_ _c4\"></span>per\u00edmetro <span class=\"_ _c4\"></span>las <span class=\"_ _c4\"></span>Sociedades <span class=\"_ _c4\"></span>Nearby <span class=\"_ _c4\"></span>Computing<span class=\"_ _0\"></span>, S.L, <span class=\"_ _c8\"></span>Zeleros <span class=\"_ _c8\"></span>Global, <span class=\"_ _c8\"></span>S.L., <span class=\"_ _c2\"></span>Hybrid <span class=\"_ _c8\"></span>Energy <span class=\"_ _c8\"></span>Storage <span class=\"_ _c8\"></span>Solutions, <span class=\"_ _c8\"></span>S.L. <span class=\"_ _c8\"></span>y <span class=\"_ _c8\"></span>Aerolaser <span class=\"_ _c8\"></span>System, <span class=\"_ _c8\"></span>S.L. <span class=\"_ _c2\"></span>debido <span class=\"_ _c8\"></span>a <span class=\"_ _c8\"></span>la influencia <span class=\"_ _1\"></span>significativa <span class=\"_ _1\"></span>que ej<span class=\"_ _1\"></span>erce <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>todas ellas. <span class=\"_ _c4\"></span>Estas <span class=\"_ _1\"></span>sociedades se <span class=\"_ _c4\"></span>integraron <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>Estados <span class=\"_ _1\"></span>Finan-<span class=\"_ _29d\"> </span>cieros del Grupo med<span class=\"_ _0\"></span>iante el m\u00e9todo de la partici<span class=\"_ _0\"></span>paci\u00f3n.   <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Con fecha <span class=\"_ _c4\"></span>28 de <span class=\"_ _c4\"></span>diciembre de <span class=\"_ _1\"></span>2021, <span class=\"_ _1\"></span>Hispasa<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>, <span class=\"_ _1\"></span>S.A. e <span class=\"_ _1\"></span>Hispasat <span class=\"_ _1\"></span>Brasil, <span class=\"_ _1\"></span>Ltda. adquirieron <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>socio minori-<span class=\"_ _29d\"> </span></span></span>tario <span class=\"_ _1\"></span>de la <span class=\"_ _1\"></span>sociedad Hispamar Sat\u00e9lites, <span class=\"_ _1\"></span>S.A. la <span class=\"_ _1\"></span>totalidad de <span class=\"_ _1\"></span>su participaci\u00f3n (19,04%). <span class=\"_ _1\"></span>De este m<span class=\"_ _1\"></span>odo el Grupo <span class=\"_ _c4\"></span>Hispasat <span class=\"_ _c4\"></span>pas\u00f3 <span class=\"_ _c4\"></span>a <span class=\"_ _c4\"></span>ser <span class=\"_ _c8\"></span>el <span class=\"_ _c8\"></span>\u00fanico <span class=\"_ _c4\"></span>accionista <span class=\"_ _1\"></span>tanto <span class=\"_ _c8\"></span>de <span class=\"_ _c4\"></span>la <span class=\"_ _c8\"></span>sociedad <span class=\"_ _c4\"></span>adquirid<span class=\"_ _0\"></span>a <span class=\"_ _c8\"></span>Hispamar <span class=\"_ _c4\"></span>Sat\u00e9lites,<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>S.A. como <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>su <span class=\"_ _bf\"></span>sociedad <span class=\"_ _bf\"></span>participada <span class=\"_ _bf\"></span>Hispamar <span class=\"_ _bf\"></span>Exterior, <span class=\"_ _bf\"></span>S.L.U. <span class=\"_ _bf\"></span>Tras <span class=\"_ _bf\"></span>esta <span class=\"_ _bf\"></span>adquisici\u00f3n, <span class=\"_ _bf\"></span>el <span class=\"_ _bf\"></span>Grupo <span class=\"_ _bf\"></span>pas\u00f3 <span class=\"_ _bf\"></span>a <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>oseer el <span class=\"_ _bf\"></span>89,68% <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>ambas <span class=\"_ _0\"></span>socie<span class=\"_ _0\"></span>dades. <span class=\"_ _0\"></span>La <span class=\"_ _bf\"></span>operaci\u00f3n <span class=\"_ _bf\"></span>no <span class=\"_ _0\"></span>tiene <span class=\"_ _bf\"></span>impacto <span class=\"_ _0\"></span>en <span class=\"_ _bf\"></span>el <span class=\"_ _0\"></span>m\u00e9<span class=\"_ _0\"></span>todo <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>consolidaci\u00f3n <span class=\"_ _bf\"></span>que <span class=\"_ _0\"></span>sigue<span class=\"_ _0\"></span> integr\u00e1ndose por el<span class=\"_ _0\"></span> m\u00e9todo de integraci\u00f3n glo<span class=\"_ _0\"></span>bal.  Asimismo, <span class=\"_ _0\"></span>en 2<span class=\"_ _0\"></span>021 e<span class=\"_ _0\"></span>l Gru<span class=\"_ _0\"></span>po lleg<span class=\"_ _0\"></span>\u00f3 a <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>siguientes <span class=\"_ _0\"></span>acuerdos, <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>cuales <span class=\"_ _0\"></span>estaban <span class=\"_ _0\"></span>pendientes <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>perfeccion<span class=\"_ _0\"></span>ar:<span class=\"ff6 fsd fc0\">  </span> <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Con fecha 3 de noviembre de 2021<span class=\"_ _0\"></span>, <span class=\"_ _1\"></span>Argo<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>Energi<span class=\"_ _0\"></span>a Empreendimentos e Participa<span class=\"_ _0\"></span>\u00e7\u00f5es S.A. (Argo), socie-<span class=\"_ _29d\"> </span></span></span>dad <span class=\"_ _bf\"></span>participada <span class=\"_ _bf\"></span>al <span class=\"_ _bf\"></span>50% <span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>Red <span class=\"_ _bf\"></span>El\u00e9ctrica <span class=\"_ _bf\"></span>Brasil, <span class=\"_ _bf\"></span>suscribi<span class=\"_ _0\"></span>\u00f3 <span class=\"_ _0\"></span>con <span class=\"_ _bf\"></span>Rialma <span class=\"_ _bf\"></span>Administra\u00e7\u00e3o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>e <span class=\"_ _bf\"></span>Participa\u00e7\u00f5es<span class=\"_ _0\"></span> <span class=\"_ _bf\"></span>S.A., un <span class=\"_ _c4\"></span>Contrato <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>Comprave<span class=\"_ _0\"></span>nta <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>Acciones, <span class=\"_ _c4\"></span>sujeto <span class=\"_ _c8\"></span>al <span class=\"_ _c4\"></span>cumplimiento <span class=\"_ _c8\"></span>de <span class=\"_ _c4\"></span>determinadas <span class=\"_ _c4\"></span>condiciones <span class=\"_ _c4\"></span>y <span class=\"_ _c8\"></span>a <span class=\"_ _c8\"></span>la aprobaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>autoridades <span class=\"_ _0\"></span>regulad<span class=\"_ _0\"></span>oras pa<span class=\"_ _0\"></span>ra la<span class=\"_ _0\"></span> adqu<span class=\"_ _0\"></span>isici\u00f3n, <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>las a<span class=\"_ _0\"></span>cciones <span class=\"_ _0\"></span>representativas <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>100<span class=\"_ _0\"></span>% del capital social de <span class=\"_ _1\"></span>Rialma Trans<span class=\"_ _0\"></span>missora de Energ\u00ed<span class=\"_ _1\"></span>a III S.A. Esta sociedad se integrar\u00e1 en <span class=\"_ _1\"></span>los Estado<span class=\"_ _0\"></span>s Financieros del Grupo<span class=\"_ _0\"></span> mediante el m\u00e9todo de la p<span class=\"_ _0\"></span>articipaci\u00f3n a trav\u00e9s de la<span class=\"_ _0\"></span> participaci\u00f3n de Argo. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-590": {
   "value": "   Entidades dependientes Se consideran entidades dependientes, aquellas sobre las que la Sociedad, directa o indirectamente, a trav\u00e9s de dependientes ejerce control. La Sociedad controla a una entidad dependiente cuando por su implicaci\u00f3n en ella est\u00e1 expuesta, o tiene derecho, a unos rendimientos variables y tiene la capacidad de influir en dichos rendimientos a trav\u00e9s del poder que ejerce sobre la misma. La Sociedad tiene el poder cuando posee derechos sustantivos en vigor que le proporcionan la capacidad de dirigir las actividades relevantes. La Sociedad est\u00e1 expuesta, o tiene derecho, a unos rendimientos variables por su implicaci\u00f3n en la entidad dependiente cuando los rendimientos que obtiene por dicha implicaci\u00f3n pueden variar en funci\u00f3n de la evoluci\u00f3n econ\u00f3mica de la entidad. Los ingresos, gastos y flujos de efectivo de las entidades dependientes se incluyen en las cuentas anuales consolidadas desde la fecha de adquisici\u00f3n, que es aquella, en la que el Grupo obtiene efectivamente el control de las mismas. Las entidades dependientes se excluyen de la consolidaci\u00f3n desde la fecha en la que se ha perdido control.  Las transacciones y saldos mantenidos con empresas del Grupo y los beneficios o p\u00e9rdidas no realizados han sido eliminados en el proceso de consolidaci\u00f3n. No obstante, las p\u00e9rdidas no realizadas han sido consideradas como un indicador de deterioro de valor de los activos transmitidos.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-592": {
   "value": "   Acuerdos conjuntos  Se consideran acuerdos conjuntos aquellos en los que existe un acuerdo contractual para compartir el control sobre una actividad econ\u00f3mica, de forma que las decisiones sobre las actividades relevantes re- quieren el consentimiento un\u00e1nime del Grupo y del resto de part\u00edcipes u operadores. La evaluaci\u00f3n de la existencia de control conjunto se realiza considerando la definici\u00f3n de control de las entidades dependien- tes.  Para cada acuerdo conjunto el Grupo eval\u00faa todos los hechos y circunstancias para su clasificaci\u00f3n entre negocio conjunto y operaci\u00f3n conjunta, entre ellos si el acuerdo conjunto otorga derechos y obligaciones sobre los activos y pasivos.  En las operaciones conjuntas existe un acuerdo conjunto mediante el cual las partes que poseen control conjunto  tienen  derecho  a  los  activos  y  obligaciones  con  respecto  a  los  pasivos,  relacionados  con  el acuerdo. En \u00e9stas, el Grupo reconoce en las cuentas anuales consolidadas, sus activos, incluida su parti- cipaci\u00f3n en los activos controlados de forma conjunta; sus pasivos, incluida su participaci\u00f3n en los pasivos en los que haya incurrido conjuntamente con los otros operadores; los ingresos obtenidos de la venta de su parte de la producci\u00f3n derivada de la operaci\u00f3n conjunta y sus gastos, incluida la parte que le corres- ponda de los gastos conjuntos.  Negocios conjuntos son aquellos acuerdos en sociedades sobre las que existe un acuerdo contractual con un tercero para compartir el control de su actividad, y las decisiones estrat\u00e9gicas relativas a la actividad, tanto financieras como de explotaci\u00f3n, requieren el consentimiento un\u00e1nime de todos los part\u00edcipes que comparten el control. Los intereses del Grupo en empresas controladas conjuntamente se contabilizan de acuerdo con la NIIF 11 por el m\u00e9todo de la participaci\u00f3n.  La adquisici\u00f3n por el Grupo de la participaci\u00f3n inicial y posterior en una operaci\u00f3n conjunta que constituye un negocio se reconoce aplicando los criterios desarrollados para las combinaciones de negocios por el porcentaje de participaci\u00f3n que posee en los activos y pasivos individuales. No obstante, en la adquisici\u00f3n posterior de una participaci\u00f3n adicional en una operaci\u00f3n conjunta, la participaci\u00f3n previa en los activos y pasivos individuales no es objeto de revalorizaci\u00f3n.  En las transacciones de venta o aportaci\u00f3n del Grupo a las operaciones conjuntas, s\u00f3lo se reconocen los resultados correspondientes a la participaci\u00f3n del resto de operadores, salvo que las p\u00e9rdidas pongan de manifiesto una p\u00e9rdida o deterioro de valor de los activos transmitidos, en cuyo caso, \u00e9stas se reconocen \u00edntegramente.  En las transacciones de compra del Grupo, a las operaciones conjuntas, s\u00f3lo se reconocen los resultados cuando se vendan a terceros los activos adquiridos, salvo que las p\u00e9rdidas pongan de manifiesto una p\u00e9rdida o deterioro de valor de los activos adquiridos, en cuyo caso, el Grupo reconoce \u00edntegramente la parte proporcional de las p\u00e9rdidas que le corresponden.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentsInJointVentures",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-502": {
   "value": "Acuerdos conjuntos  Se consideran acuerdos conjuntos aquellos en los que existe un acuerdo contractual para compartir el control sobre una actividad econ\u00f3mica, de forma que las decisiones sobre las actividades relevantes re- quieren el consentimiento un\u00e1nime del Grupo y del resto de part\u00edcipes u operadores. La evaluaci\u00f3n de la existencia de control conjunto se realiza considerando la definici\u00f3n de control de las entidades dependien- tes.  Para cada acuerdo conjunto el Grupo eval\u00faa todos los hechos y circunstancias para su clasificaci\u00f3n entre negocio conjunto y operaci\u00f3n conjunta, entre ellos si el acuerdo conjunto otorga derechos y obligaciones sobre los activos y pasivos.  En las operaciones conjuntas existe un acuerdo conjunto mediante el cual las partes que poseen control conjunto  tienen  derecho  a  los  activos  y  obligaciones  con  respecto  a  los  pasivos,  relacionados  con  el acuerdo. En \u00e9stas, el Grupo reconoce en las cuentas anuales consolidadas, sus activos, incluida su parti- cipaci\u00f3n en los activos controlados de forma conjunta; sus pasivos, incluida su participaci\u00f3n en los pasivos en los que haya incurrido conjuntamente con los otros operadores; los ingresos obtenidos de la venta de su parte de la producci\u00f3n derivada de la operaci\u00f3n conjunta y sus gastos, incluida la parte que le corres- ponda de los gastos conjuntos.  Negocios conjuntos son aquellos acuerdos en sociedades sobre las que existe un acuerdo contractual con un tercero para compartir el control de su actividad, y las decisiones estrat\u00e9gicas relativas a la actividad, tanto financieras como de explotaci\u00f3n, requieren el consentimiento un\u00e1nime de todos los part\u00edcipes que comparten el control. Los intereses del Grupo en empresas controladas conjuntamente se contabilizan de acuerdo con la NIIF 11 por el m\u00e9todo de la participaci\u00f3n.  La adquisici\u00f3n por el Grupo de la participaci\u00f3n inicial y posterior en una operaci\u00f3n conjunta que constituye un negocio se reconoce aplicando los criterios desarrollados para las combinaciones de negocios por el porcentaje de participaci\u00f3n que posee en los activos y pasivos individuales. No obstante, en la adquisici\u00f3n posterior de una participaci\u00f3n adicional en una operaci\u00f3n conjunta, la participaci\u00f3n previa en los activos y pasivos individuales no es objeto de revalorizaci\u00f3n.  En las transacciones de venta o aportaci\u00f3n del Grupo a las operaciones conjuntas, s\u00f3lo se reconocen los resultados correspondientes a la participaci\u00f3n del resto de operadores, salvo que las p\u00e9rdidas pongan de manifiesto una p\u00e9rdida o deterioro de valor de los activos transmitidos, en cuyo caso, \u00e9stas se reconocen \u00edntegramente.  En las transacciones de compra del Grupo, a las operaciones conjuntas, s\u00f3lo se reconocen los resultados cuando se vendan a terceros los activos adquiridos, salvo que las p\u00e9rdidas pongan de manifiesto una p\u00e9rdida o deterioro de valor de los activos adquiridos, en cuyo caso, el Grupo reconoce \u00edntegramente la parte proporcional de las p\u00e9rdidas que le corresponden.     Entidades asociadas Se consideran entidades asociadas, aquellas sobre las que la Sociedad, directa o indirectamente a trav\u00e9s de dependientes, ejerce influencia significativa. La influencia significativa es el poder de intervenir en las decisiones de pol\u00edtica financiera y de explotaci\u00f3n de una entidad, sin que suponga la existencia de control o de control conjunto sobre la misma. En la evaluaci\u00f3n de la existencia de influencia significativa, se con- sideran los derechos de voto potenciales ejercitables o convertibles en la fecha de cierre de cada ejercicio, considerando igualmente, los derechos de voto potenciales pose\u00eddos por el Grupo o por otra entidad.  Las inversiones en entidades asociadas se registran por el m\u00e9todo de la participaci\u00f3n desde la fecha en la que se ejerce influencia significativa hasta la fecha en la que la Sociedad no puede seguir justificando la existencia de la misma. No obstante, si en la fecha de adquisici\u00f3n, toda o parte de la inversi\u00f3n, cumple las condiciones para clasificarse como activos no corrientes o grupos enajenables de elementos manteni- dos para la venta, se registra a valor razonable, menos los costes de enajenaci\u00f3n o disposici\u00f3n por otra v\u00eda.  Las inversiones en entidades asociadas se reconocen inicialmente por su coste de adquisici\u00f3n, incluyendo con car\u00e1cter adicional cualquier coste directamente atribuible a la adquisici\u00f3n y cualquier contraprestaci\u00f3n contingente activa o pasiva que dependa de hechos futuros o del cumplimiento de ciertas condiciones. Cualquier exceso del coste de adquisici\u00f3n con respecto a la parte de los valores razonables de los activos netos identificables de la empresa asociada atribuibles al Grupo en la fecha de adquisici\u00f3n, se considera Fondo de comercio y se presenta formando parte del saldo del ep\u00edgrafe de Inversiones contabilizadas aplicando el m\u00e9todo de la participaci\u00f3n del Estado de situaci\u00f3n financiera consolidado. Cualquier defecto del coste de adquisici\u00f3n con respecto a la parte de los valores razonables de los activos netos identifica- bles de la empresa asociada que posee el Grupo en la fecha de adquisici\u00f3n (es decir, descuento en la adquisici\u00f3n) se reconoce en resultados en el per\u00edodo de adquisici\u00f3n.  El Grupo clasifica el resultado de estas sociedades dentro del resultado de explotaci\u00f3n cuando la actividad de la entidad es an\u00e1loga a las actividades operativas del Grupo. Por el contrario, cuando la actividad de estas sociedades es distinta, se clasifica fuera del resultado de explotaci\u00f3n.   En el Anexo I se muestra un detalle de las sociedades dependientes, acuerdos y negocios conjuntos y em- presas asociadas de la Sociedad as\u00ed como el m\u00e9todo de consolidaci\u00f3n o valoraci\u00f3n que se ha aplicado para la preparaci\u00f3n de las cuentas anuales consolidadas adjuntas y otra informaci\u00f3n referente a las mismas.  Los Estados financieros de las entidades dependientes, de acuerdos conjuntos, negocios conjuntos y em- presas asociadas utilizados en el proceso de consolidaci\u00f3n son relativos a una fecha y a un periodo que coincide con los de la Sociedad matriz.  La consolidaci\u00f3n de las operaciones de la Sociedad y las sociedades dependientes se ha efectuado siguiendo los siguientes principios b\u00e1sicos:     Los principios y criterios contables utilizados por las empresas del Grupo han sido homogeneizados con los principios y criterios contables aplicados por la Sociedad matriz.     La conversi\u00f3n de negocios en el extranjero:  o  Los estados financieros de las sociedades extranjeras se han realizado aplicando el m\u00e9todo del tipo de cambio de cierre para los activos y pasivos, el tipo de cambio medio para los ingresos y gastos y el tipo de cambio hist\u00f3rico para Capital y Reservas.  o  Las diferencias de cambio resultantes de la aplicaci\u00f3n de los criterios anteriores se reconocen como diferencias de conversi\u00f3n en Otro resultado global.  o  Este mismo criterio es aplicable a la conversi\u00f3n de los estados financieros de las sociedades contabilizadas por el m\u00e9todo de la participaci\u00f3n, reconociendo las diferencias de conversi\u00f3n co- rrespondientes a la participaci\u00f3n del Grupo en Otro resultado global.     Todos los saldos y transacciones entre las sociedades consolidadas por integraci\u00f3n global se han elimi- nado en el proceso de consolidaci\u00f3n.     Los m\u00e1rgenes incluidos en la facturaci\u00f3n entre sociedades del Grupo por bienes o servicios capitalizables se han eliminado en el momento de realizarse la operaci\u00f3n. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-591": {
   "value": "Entidades asociadas Se consideran entidades asociadas, aquellas sobre las que la Sociedad, directa o indirectamente a trav\u00e9s de dependientes, ejerce influencia significativa. La influencia significativa es el poder de intervenir en las decisiones de pol\u00edtica financiera y de explotaci\u00f3n de una entidad, sin que suponga la existencia de control o de control conjunto sobre la misma. En la evaluaci\u00f3n de la existencia de influencia significativa, se con- sideran los derechos de voto potenciales ejercitables o convertibles en la fecha de cierre de cada ejercicio, considerando igualmente, los derechos de voto potenciales pose\u00eddos por el Grupo o por otra entidad.  Las inversiones en entidades asociadas se registran por el m\u00e9todo de la participaci\u00f3n desde la fecha en la que se ejerce influencia significativa hasta la fecha en la que la Sociedad no puede seguir justificando  la existencia de la misma. No obstante, si en la fecha de adquisici\u00f3n, toda o parte de la inversi\u00f3n, cumple las condiciones para clasificarse como activos no corrientes o grupos enajenables de elementos manteni- dos para la venta, se registra a valor razonable, menos los costes de enajenaci\u00f3n o disposici\u00f3n por otra v\u00eda.  Las inversiones en entidades asociadas se reconocen inicialmente por su coste de adquisici\u00f3n, incluyendo con car\u00e1cter adicional cualquier coste directamente atribuible a la adquisici\u00f3n y cualquier contraprestaci\u00f3n contingente activa o pasiva que dependa de hechos futuros o del cumplimiento de ciertas condiciones. Cualquier exceso del coste de adquisici\u00f3n con respecto a la parte de los valores razonables de los activos netos identificables de la empresa asociada atribuibles al Grupo en la fecha de adquisici\u00f3n, se considera Fondo de comercio y se presenta formando parte del saldo del ep\u00edgrafe de Inversiones contabilizadas aplicando el m\u00e9todo de la participaci\u00f3n del Estado de situaci\u00f3n financiera consolidado. Cualquier defecto del coste de adquisici\u00f3n con respecto a la parte de los valores razonables de los activos netos identifica- bles de la empresa asociada que posee el Grupo en la fecha de adquisici\u00f3n (es decir, descuento en la adquisici\u00f3n) se reconoce en resultados en el per\u00edodo de adquisici\u00f3n.  El Grupo clasifica el resultado de estas sociedades dentro del resultado de explotaci\u00f3n cuando la actividad de la entidad es an\u00e1loga a las actividades operativas del Grupo. Por el contrario, cuando la actividad de estas sociedades es distinta, se clasifica fuera del resultado de explotaci\u00f3n.   En el Anexo I se muestra un detalle de las sociedades dependientes, acuerdos y negocios conjuntos y em- presas asociadas de la Sociedad as\u00ed como el m\u00e9todo de consolidaci\u00f3n o valoraci\u00f3n que se ha aplicado para la preparaci\u00f3n de las cuentas anuales consolidadas adjuntas y otra informaci\u00f3n referente a las mismas.  Los Estados financieros de las entidades dependientes, de acuerdos conjuntos, negocios conjuntos y em- presas asociadas utilizados en el proceso de consolidaci\u00f3n son relativos a una fecha y a un periodo que coincide con los de la Sociedad matriz.  La consolidaci\u00f3n de las operaciones de la Sociedad y las sociedades dependientes se ha efectuado siguiendo los siguientes principios b\u00e1sicos:     Los principios y criterios contables utilizados por las empresas del Grupo han sido homogeneizados con los principios y criterios contables aplicados por la Sociedad matriz.     La conversi\u00f3n de negocios en el extranjero:  o  Los estados financieros de las sociedades extranjeras se han realizado aplicando el m\u00e9todo del tipo de cambio de cierre para los activos y pasivos, el tipo de cambio medio para los ingresos y gastos y el tipo de cambio hist\u00f3rico para Capital y Reservas.  o  Las diferencias de cambio resultantes de la aplicaci\u00f3n de los criterios anteriores se reconocen como diferencias de conversi\u00f3n en Otro resultado global.  o  Este mismo criterio es aplicable a la conversi\u00f3n de los estados financieros de las sociedades contabilizadas por el m\u00e9todo de la participaci\u00f3n, reconociendo las diferencias de conversi\u00f3n co- rrespondientes a la participaci\u00f3n del Grupo en Otro resultado global.     Todos los saldos y transacciones entre las sociedades consolidadas por integraci\u00f3n global se han elimi- nado en el proceso de consolidaci\u00f3n.     Los m\u00e1rgenes incluidos en la facturaci\u00f3n entre sociedades del Grupo por bienes o servicios capitalizables se han eliminado en el momento de realizarse la operaci\u00f3n.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociates",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-538": {
   "value": "e)  Participaciones no dominantes  Para cada combinaci\u00f3n de negocios, el Grupo valora en la fecha de adquisici\u00f3n, los componentes de las participaciones no dominantes en la entidad adquirida que constituyen participaciones de propiedad actuales y otorguen a sus tenedores derecho a una parte proporcional de los activos netos de la entidad en caso de liquidaci\u00f3n, bien por: (a) el valor razonable; bien por (b) la parte proporcional que los instrumentos de propie- dad actuales representen en los importes reconocidos de los activos netos identificables de la adquirida. Las participaciones no dominantes se presentan en el Patrimonio neto consolidado de forma separada del Patri- monio  atribuido  a  los  accionistas  de  la  Sociedad.  Las  participaciones  no  dominantes  en  los  Resultados consolidados del ejercicio y en el Estado consolidado de resultados global del ejercicio se presentan igual- mente de forma separada.  Las transacciones con participaciones no dominantes se registran como transacciones con los propietarios del Patrimonio del Grupo. Por ello, en las compras de participaciones no dominantes, la diferencia entre la contraprestaci\u00f3n abonada y la correspondiente proporci\u00f3n del importe en libros de los activos netos de la dependiente se registra en el Patrimonio neto. De la misma forma las ganancias o p\u00e9rdidas por enajenaci\u00f3n de participaciones no dominantes se reconocen igualmente en el Patrimonio neto del Grupo. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTransactionsWithNoncontrollingInterestsExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-593": {
   "value": "g) <span class=\"_ _ca\"> </span>Variaciones en el per\u00ed<span class=\"_ _0\"></span>metro de consolidaci\u00f3n<span class=\"ff3 fc1\">  </span>Durante el ejercici<span class=\"_ _0\"></span>o 2022 se han produci<span class=\"_ _0\"></span>do las siguientes variacio<span class=\"_ _0\"></span>nes en el per\u00edmetro de consolid<span class=\"_ _0\"></span>aci\u00f3n:   <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Con <span class=\"_ _c5\"></span>fecha <span class=\"_ _c2\"></span>31 <span class=\"_ _c5\"></span>de <span class=\"_ _c5\"></span>enero <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>2022, <span class=\"_ _c2\"></span>se <span class=\"_ _c5\"></span>ha <span class=\"_ _c5\"></span>hecho <span class=\"_ _c2\"></span>efectiva <span class=\"_ _c5\"></span>la <span class=\"_ _c5\"></span>adquisi<span class=\"_ _0\"></span>ci\u00f3n <span class=\"_ _c5\"></span>de <span class=\"_ _c2\"></span>la <span class=\"_ _c5\"></span>totalidad <span class=\"_ _c5\"></span>de <span class=\"_ _c2\"></span>las <span class=\"_ _c5\"></span>accion<span class=\"_ _0\"></span>es </span></span>ordinarias no<span class=\"_ _0\"></span>minativas y<span class=\"_ _0\"></span> representativas<span class=\"_ _0\"></span> del 1<span class=\"_ _0\"></span>00% del<span class=\"_ _0\"></span> capital <span class=\"_ _0\"></span>social de <span class=\"_ _0\"></span>Rialma <span class=\"_ _0\"></span>Transmissora<span class=\"_ _0\"></span> de E<span class=\"_ _0\"></span>nergia III <span class=\"_ _0\"></span>S.A. <span class=\"_ _bf\"></span>(\u201cRialma <span class=\"_ _bf\"></span>III\u201d), <span class=\"_ _0\"></span>la <span class=\"_ _bf\"></span>cual <span class=\"_ _bf\"></span>cambi\u00f3 <span class=\"_ _0\"></span>en <span class=\"_ _bf\"></span>la <span class=\"_ _bf\"></span>m<span class=\"_ _1\"></span>isma <span class=\"_ _bf\"></span>fecha <span class=\"_ _bf\"></span>su <span class=\"_ _0\"></span>raz\u00f3n <span class=\"_ _bf\"></span>social <span class=\"_ _bf\"></span>a <span class=\"_ _0\"></span>\u201cArgo <span class=\"_ _bf\"></span>IV <span class=\"_ _0\"></span>Trans<span class=\"_ _0\"></span>miss\u00e3o <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>Energia<span class=\"_ _0\"></span> S.A.\u201d. Esta <span class=\"_ _1\"></span>adquisici\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _1\"></span>se ha r<span class=\"_ _1\"></span>ealizado<span class=\"_ _0\"></span>, <span class=\"_ _1\"></span>tras el <span class=\"_ _1\"></span>cumplimien<span class=\"_ _0\"></span>to <span class=\"_ _1\"></span>de las condiciones suspensivas y <span class=\"_ _1\"></span>la obten-<span class=\"_ _29d\"> </span>ci\u00f3n <span class=\"_ _c5\"></span>de <span class=\"_ _c5\"></span>las <span class=\"_ _c5\"></span>aproba<span class=\"_ _0\"></span>ciones <span class=\"_ _c5\"></span>que <span class=\"_ _c5\"></span>se <span class=\"_ _c5\"></span>establecieron <span class=\"_ _c2\"></span>en <span class=\"_ _c5\"></span>el <span class=\"_ _c5\"> </span>contrato <span class=\"_ _c5\"></span>que <span class=\"_ _c5\"></span>Argo<span class=\"_ _0\"></span> <span class=\"_ _c5\"> </span>Energia <span class=\"_ _c5\"> </span>Empreendimen<span class=\"_ _0\"></span>tos <span class=\"_ _c5\"> </span>e Participa\u00e7\u00f5es <span class=\"_ _1\"></span>S.A. <span class=\"_ _c4\"></span>(\u201cArgo\u201d), <span class=\"_ _1\"></span>sociedad <span class=\"_ _1\"></span>participada al <span class=\"_ _c4\"></span>50% <span class=\"_ _c4\"></span>por <span class=\"_ _1\"></span>Red <span class=\"_ _c4\"></span>Electric<span class=\"_ _0\"></span>a <span class=\"_ _c4\"></span>Brasil, <span class=\"_ _1\"></span>suscribi\u00f3 <span class=\"_ _1\"></span>con <span class=\"_ _c4\"></span>Rialma Administra\u00e7\u00e3o e Pa<span class=\"_ _0\"></span>rticipa\u00e7\u00f5es S.A., el 3 de novie<span class=\"_ _0\"></span>mbre de 2021.   <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">El <span class=\"_ _c2\"></span>29 <span class=\"_ _c5\"></span>de <span class=\"_ _c8\"></span>j<span class=\"_ _1\"></span>unio <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>2022,<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>tras <span class=\"_ _c2\"></span>las <span class=\"_ _c2\"></span>pertinentes <span class=\"_ _c2\"></span>aprobaciones, <span class=\"_ _c2\"></span>se <span class=\"_ _c2\"></span>ha <span class=\"_ _c2\"></span>m<span class=\"_ _1\"></span>ateri<span class=\"_ _0\"></span>alizado <span class=\"_ _c2\"></span>la <span class=\"_ _c5\"></span>transmisi\u00f3n <span class=\"_ _c8\"></span>de <span class=\"_ _c5\"></span>una </span></span>participaci\u00f3n <span class=\"_ _bf\"></span>minoritaria <span class=\"_ _bf\"></span>del <span class=\"_ _0\"></span>49% <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>Red <span class=\"_ _0\"></span>El\u00e9ctrica<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>Infraestructuras<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>Telecomunicaci\u00f3n, <span class=\"_ _0\"></span>S.A.U <span class=\"_ _bf\"></span>(Reintel)<span class=\"_ _0\"></span>, seg\u00fan <span class=\"_ _c4\"></span>el <span class=\"_ _c8\"></span>acuerdo <span class=\"_ _1\"></span>suscr<span class=\"_ _1\"></span>ito <span class=\"_ _c4\"></span>entre <span class=\"_ _c4\"></span>Red <span class=\"_ _c4\"></span>El\u00e9ctrica <span class=\"_ _c4\"></span>Corporaci\u00f3n, <span class=\"_ _c4\"></span>S.A. <span class=\"_ _c4\"></span>y <span class=\"_ _c8\"></span>Kohlberg <span class=\"_ _c4\"></span>Kravis <span class=\"_ _c4\"></span>Roberts <span class=\"_ _c4\"></span>&amp; <span class=\"_ _c8\"></span>Co. <span class=\"_ _c4\"></span>L.P.<span class=\"_ _0\"></span> (KKR, en adelan<span class=\"_ _0\"></span>te) a trav\u00e9s de su<span class=\"_ _0\"></span> filial Rudolp<span class=\"_ _0\"></span>h Bidco S.\u00c0.R.L, el<span class=\"_ _0\"></span> 16 de dicie<span class=\"_ _0\"></span>mbre de 2021. Despu<span class=\"_ _0\"></span>\u00e9s de esta <span class=\"_ _0\"></span>operaci\u00f3n,<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>Redeia<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>mantiene<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>control <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>eintel, <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>una<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>participaci\u00f3n <span class=\"_ _bf\"></span>del <span class=\"_ _0\"></span>51%, <span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>lo <span class=\"_ _bf\"></span>que <span class=\"_ _0\"></span>contin\u00faa<span class=\"_ _0\"></span> consolid\u00e1n<span class=\"_ _0\"></span>dose <span class=\"_ _0\"></span>como <span class=\"_ _bf\"></span>entidad <span class=\"_ _bf\"></span>dependiente, <span class=\"_ _0\"></span>regis<span class=\"_ _0\"></span>tr\u00e1ndose <span class=\"_ _bf\"></span>una <span class=\"_ _bf\"></span>var<span class=\"_ _1\"></span>iaci\u00f3n <span class=\"_ _bf\"></span>en <span class=\"_ _bf\"></span>el <span class=\"_ _0\"></span>per\u00edmetro <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>consoli<span class=\"_ _0\"></span>daci\u00f3n a partir de esta fecha.<span class=\"_ _0\"></span>  Esta transacci\u00f3n<span class=\"_ _0\"></span> no gen<span class=\"_ _0\"></span>era impacto en<span class=\"_ _0\"></span> la cuenta <span class=\"_ _0\"></span>de Resultados C<span class=\"_ _0\"></span>onsolidada <span class=\"_ _0\"></span>por tratarse de<span class=\"_ _0\"></span> la venta d<span class=\"_ _0\"></span>e un <span class=\"_ _1\"></span>por<span class=\"_ _1\"></span>centaje minoritario <span class=\"_ _c4\"></span>manteniendo <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>Grupo <span class=\"_ _1\"></span>el <span class=\"_ _c4\"></span>control <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>la <span class=\"_ _1\"></span>Sociedad. <span class=\"_ _1\"></span>El <span class=\"_ _c4\"></span>impacto <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>esta <span class=\"_ _1\"></span>venta <span class=\"_ _c4\"></span>ha<span class=\"_ _0\"></span> supuesto <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>aumento <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>Patrimonio <span class=\"_ _c4\"></span>Neto atribuido <span class=\"_ _1\"></span>a <span class=\"_ _c4\"></span>la <span class=\"_ _1\"></span>Sociedad <span class=\"_ _1\"></span>dominante <span class=\"_ _1\"></span>en <span class=\"_ _c4\"></span>el <span class=\"_ _1\"></span>ep\u00edgrafe <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>Otras reservas <span class=\"_ _c2\"></span>por <span class=\"_ _c2\"></span>importe <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>920,8 <span class=\"_ _c5\"></span>millones <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>eu<span class=\"_ _0\"></span>ros <span class=\"_ _c2\"></span>(ver <span class=\"_ _c5\"></span>nota <span class=\"_ _c2\"></span>14.b), <span class=\"_ _c2\"></span>as\u00ed <span class=\"_ _c2\"></span>como <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>las <span class=\"_ _c2\"></span>Participacione<span class=\"_ _0\"></span>s <span class=\"_ _c5\"></span>no dominantes por impo<span class=\"_ _0\"></span>rte de 34,9 millones de<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>euros (ver nota<span class=\"_ _0\"></span> 14.c).   <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Con <span class=\"_ _1\"></span>fecha <span class=\"_ _c4\"></span>9 <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>agosto <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>2022, <span class=\"_ _c4\"></span>tras <span class=\"_ _1\"></span>las <span class=\"_ _c4\"></span>pertinente<span class=\"_ _0\"></span>s <span class=\"_ _c4\"></span>aprobaciones, <span class=\"_ _1\"></span>Hispasat, <span class=\"_ _1\"></span>S.A. <span class=\"_ _c4\"></span>ha <span class=\"_ _1\"></span>hecho <span class=\"_ _1\"></span>ef<span class=\"_ _1\"></span>ectiva <span class=\"_ _1\"></span>la </span></span>adquisici\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>la <span class=\"_ _bf\"></span>totalidad <span class=\"_ _bf\"></span>del <span class=\"_ _bf\"></span>100% <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>las <span class=\"_ _bf\"></span>participaciones <span class=\"_ _bf\"></span>sociales <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>Axes<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>Netwo<span class=\"_ _0\"></span>rks <span class=\"_ _0\"></span>So<span class=\"_ _0\"></span>lutions <span class=\"_ _bf\"></span>Holding, S.L. <span class=\"_ _c8\"></span>(\u201cAxess\u201d). <span class=\"_ _c4\"></span>Redeia <span class=\"_ _c8\"></span>posee <span class=\"_ _c4\"></span>el <span class=\"_ _c8\"></span>89,68% <span class=\"_ _c8\"></span>del <span class=\"_ _c4\"></span>Grupo <span class=\"_ _c8\"></span>Hispasat, <span class=\"_ _c4\"></span>y <span class=\"_ _c8\"></span>por <span class=\"_ _c8\"></span>tanto <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>estas <span class=\"_ _c8\"></span>participacion<span class=\"_ _0\"></span>es <span class=\"_ _c8\"></span>y <span class=\"_ _c8\"></span>de sus subsidiarias. El subg<span class=\"_ _0\"></span>rupo Axess se consolid<span class=\"_ _0\"></span>a por Integraci\u00f3n <span class=\"_ _0\"></span>G<span class=\"_ _1\"></span>lobal.  <span class=\"_ _0\"></span>  <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Asimismo, <span class=\"_ _1\"></span>con fecha <span class=\"_ _1\"></span>7 <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>octubre <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>2022, Axess <span class=\"_ _1\"></span>Net<span class=\"_ _1\"></span>works<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>Solutions, <span class=\"_ _1\"></span>S.L.U. <span class=\"_ _1\"></span>ha <span class=\"_ _1\"></span>adquirido <span class=\"_ _1\"></span>al socio <span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>i-<span class=\"_ _29d\"> </span></span></span>noritario <span class=\"_ _c9\"> </span>el <span class=\"_ _c0\"> </span>40% <span class=\"_ _c9\"> </span>del <span class=\"_ _c0\"> </span>capital <span class=\"_ _c9\"> </span>social <span class=\"_ _c0\"> </span>de <span class=\"_ _c9\"> </span>Axess <span class=\"_ _c0\"> </span>Networks <span class=\"_ _c9\"> </span>Solutions <span class=\"_ _c9\"> </span>Chil<span class=\"_ _0\"></span>e, <span class=\"_ _c9\"> </span>S.A. <span class=\"_ _c9\"> </span>(sociedad<span class=\"_ _0\"></span> <span class=\"_ _c9\"> </span>del <span class=\"_ _c0\"> </span>subgrupo Axess). Esta <span class=\"_ _c4\"></span>operaci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _1\"></span>no <span class=\"_ _1\"></span>ha <span class=\"_ _1\"></span>supuesto cambio <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>el m<span class=\"_ _1\"></span>\u00e9todo <span class=\"_ _1\"></span>de integraci\u00f3n, que <span class=\"_ _1\"></span>sigue <span class=\"_ _1\"></span>consolid\u00e1ndose<span class=\"_ _0\"></span> por integraci\u00f3n global. <span class=\"_ _0\"></span>  <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Con fecha 30 de noviem<span class=\"_ _0\"></span>bre <span class=\"_ _1\"></span>de 2022, se ha hecho efectiva la adquisi<span class=\"_ _0\"></span>ci\u00f3n de la totalidad de las accione<span class=\"_ _0\"></span>s </span></span>ordinarias <span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>minativas <span class=\"_ _0\"></span>y <span class=\"_ _bf\"></span>representativas <span class=\"_ _0\"></span>del <span class=\"_ _bf\"></span>100% <span class=\"_ _0\"></span>del <span class=\"_ _bf\"></span>capital <span class=\"_ _0\"></span>social <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>cinco <span class=\"_ _bf\"></span>concesiones <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>transmisi\u00f3n<span class=\"_ _0\"></span> el\u00e9ctrica (\u201cAr<span class=\"_ _1\"></span>go V, <span class=\"_ _1\"></span>VI, <span class=\"_ _1\"></span>VII, VIII <span class=\"_ _1\"></span>y IX\u201d) a <span class=\"_ _1\"></span>Brasil Energ\u00eda <span class=\"_ _1\"></span>FIP. Esta <span class=\"_ _1\"></span>inversi\u00f3n se <span class=\"_ _1\"></span>ha <span class=\"_ _1\"></span>llevado a <span class=\"_ _1\"></span>cabo <span class=\"_ _1\"></span>mediant<span class=\"_ _0\"></span>e la <span class=\"_ _c8\"></span>inversi\u00f3n <span class=\"_ _c4\"></span>conj<span class=\"_ _1\"></span>unta <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>Argo <span class=\"_ _c8\"></span>Energ\u00eda <span class=\"_ _c8\"></span>(62,5%) <span class=\"_ _c8\"></span>y <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>Grupo <span class=\"_ _c2\"></span>de <span class=\"_ _c8\"></span>Energ\u00eda <span class=\"_ _c8\"></span>Bogot\u00e1 <span class=\"_ _c8\"></span>(GEB) <span class=\"_ _c8\"></span>(37,5%) <span class=\"_ _c8\"></span>bajo <span class=\"_ _c8\"></span>un modelo de cogobernanz<span class=\"_ _0\"></span>a entre Redeia y GEB.<span class=\"_ _29d\"> </span> <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">El 13 de diciembre de 202<span class=\"_ _0\"></span>2 ha t<span class=\"_ _1\"></span>enido luga<span class=\"_ _0\"></span>r la fusi\u00f3n por absorci\u00f3n de Axe<span class=\"_ _0\"></span>ss Networks Solutions, S<span class=\"_ _0\"></span>.L.U. </span></span>y Axess Networks Solu<span class=\"_ _0\"></span>tions Holding, S.L. quedan<span class=\"_ _0\"></span>do disuelta y extinguida<span class=\"_ _0\"></span> esta \u00faltima.   <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Por <span class=\"_ _1\"></span>\u00faltimo, <span class=\"_ _c4\"></span>con <span class=\"_ _c4\"></span>fecha <span class=\"_ _c4\"></span>21 <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>diciembre <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>2022, <span class=\"_ _1\"></span>Hispasat, <span class=\"_ _c4\"></span>S.A., <span class=\"_ _c4\"></span>sociedad <span class=\"_ _1\"></span>participada <span class=\"_ _1\"></span>por <span class=\"_ _c4\"></span>Redeia <span class=\"_ _1\"></span>en <span class=\"_ _c4\"></span>un </span></span>89,68%, <span class=\"_ _1\"></span>ha <span class=\"_ _1\"></span>adquirido un <span class=\"_ _1\"></span>10,85% <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>capital <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>Grupo <span class=\"_ _1\"></span>Sylvestris, <span class=\"_ _1\"></span>S.L en <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>mantiene <span class=\"_ _1\"></span>influencia <span class=\"_ _1\"></span>sig-<span class=\"_ _29d\"> </span>nificativa y por tanto,<span class=\"_ _0\"></span> consolida por el m\u00e9todo de<span class=\"_ _0\"></span> la participaci\u00f3n (ver nota 1<span class=\"_ _0\"></span>1).   <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Durante el <span class=\"_ _1\"></span>ejercicio 2022 la <span class=\"_ _1\"></span>Sociedad, a <span class=\"_ _1\"></span>trav\u00e9s de <span class=\"_ _1\"></span>su sociedad Red <span class=\"_ _1\"></span>El\u00e9ctrica y <span class=\"_ _1\"></span>de Telecomunicacione<span class=\"_ _0\"></span>s, </span></span>Innovaci\u00f3n y<span class=\"_ _0\"></span> Tecnolog\u00eda, <span class=\"_ _0\"></span>S.A.U. (Elewi<span class=\"_ _0\"></span>t), adquiri\u00f3 <span class=\"_ _0\"></span>un 13,07<span class=\"_ _0\"></span>% del capita<span class=\"_ _0\"></span>l de<span class=\"_ _0\"></span> la Sociedad <span class=\"_ _0\"></span>OKTO G<span class=\"_ _0\"></span>rid ApS y <span class=\"_ _c2\"></span>la <span class=\"_ _c5\"></span>incorpor\u00f3<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>a <span class=\"_ _c5\"></span>su <span class=\"_ _c2\"></span>per\u00edmetro <span class=\"_ _c2\"></span>debido <span class=\"_ _c2\"></span>a <span class=\"_ _c2\"></span>la <span class=\"_ _c2\"></span>inf<span class=\"_ _1\"></span>luen<span class=\"_ _0\"></span>cia <span class=\"_ _c2\"></span>significativa <span class=\"_ _c2\"></span>que <span class=\"_ _c5\"></span>ejerce<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>en <span class=\"_ _c2\"></span>ella. <span class=\"_ _c2\"></span>Esta <span class=\"_ _c2\"></span>sociedad <span class=\"_ _c2\"></span>se integra <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>Estados Financieros <span class=\"_ _1\"></span>del G<span class=\"_ _1\"></span>rupo mediante <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>m\u00e9todo <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>la participaci\u00f3n. <span class=\"_ _1\"></span>Asimismo, tras <span class=\"_ _1\"></span>la p\u00e9rdida de<span class=\"_ _0\"></span> la in<span class=\"_ _0\"></span>fluencia s<span class=\"_ _0\"></span>ignificativa en<span class=\"_ _0\"></span> Zeleros <span class=\"_ _0\"></span>Global, <span class=\"_ _0\"></span>S.L. la<span class=\"_ _0\"></span> Sociedad ha<span class=\"_ _0\"></span> dado <span class=\"_ _0\"></span>de baja<span class=\"_ _0\"></span> dicha pa<span class=\"_ _0\"></span>rticipa-<span class=\"_ _29d\"> </span>ci\u00f3n pasa<span class=\"_ _0\"></span>ndo a ser regist<span class=\"_ _0\"></span>rada en el ep\u00edgra<span class=\"_ _0\"></span>fe del Bala<span class=\"_ _0\"></span>nce Consoli<span class=\"_ _0\"></span>dado adjunto como un a<span class=\"_ _0\"></span>ctivo financiero<span class=\"_ _0\"></span> a valor razonable con ca<span class=\"_ _0\"></span>mbios en resultados (ver n<span class=\"_ _0\"></span>ota 11).  Durante <span class=\"_ _c9\"> </span>el <span class=\"_ _c0\"> </span>ejercicio <span class=\"_ _c0\"> </span>2021 <span class=\"_ _c9\"> </span>se <span class=\"_ _c0\"> </span>produjeron <span class=\"_ _c0\"> </span>las <span class=\"_ _c9\"> </span>siguientes <span class=\"_ _c0\"> </span>variaciones <span class=\"_ _c9\"> </span>en <span class=\"_ _c5\"> </span>el <span class=\"_ _c9\"> </span>per\u00edmetro <span class=\"_ _c9\"> </span>de<span class=\"_ _0\"></span> <span class=\"_ _c9\"> </span>consolidaci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _c9\"> </span>del Grupo:   <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Con <span class=\"_ _c2\"></span>fecha <span class=\"_ _c5\"></span>15 <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>enero <span class=\"_ _c8\"></span>de <span class=\"_ _c5\"></span>2021 <span class=\"_ _c2\"></span>se <span class=\"_ _c2\"></span>constituy\u00f3 <span class=\"_ _c5\"></span>la <span class=\"_ _c8\"></span>Sociedad <span class=\"_ _c5\"></span>peruana <span class=\"_ _c2\"></span>\u201cHispasat <span class=\"_ _c2\"></span>Per\u00fa <span class=\"_ _c2\"></span>S.A.C\u201d. <span class=\"_ _c5\"></span>El <span class=\"_ _c2\"></span>objeto </span></span>social principal <span class=\"_ _1\"></span>es la <span class=\"_ _1\"></span>prestaci\u00f3n de <span class=\"_ _1\"></span>servicios<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>de telecomunicaci\u00f3n. Esta <span class=\"_ _1\"></span>Socieda<span class=\"_ _0\"></span>d <span class=\"_ _1\"></span>es <span class=\"_ _1\"></span>propiedad al 100% de <span class=\"_ _1\"></span>Hispasat<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>S.A. <span class=\"_ _1\"></span>y se <span class=\"_ _1\"></span>integra mediante el m\u00e9t<span class=\"_ _1\"></span>odo de integraci\u00f3n global. <span class=\"_ _1\"></span>Con fecha 1 <span class=\"_ _1\"></span>de m<span class=\"_ _1\"></span>ayo de 2021, Hispasat P<span class=\"_ _0\"></span>er\u00fa llev\u00f3 <span class=\"_ _0\"></span>a ca<span class=\"_ _0\"></span>bo la<span class=\"_ _0\"></span> adquisi<span class=\"_ _0\"></span>ci\u00f3n de <span class=\"_ _0\"></span>una seri<span class=\"_ _0\"></span>e de <span class=\"_ _0\"></span>activos para<span class=\"_ _0\"></span> la <span class=\"_ _0\"></span>gesti\u00f3n <span class=\"_ _0\"></span>y transporte <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>se\u00f1ales de video en Latinoam\u00e9<span class=\"_ _0\"></span>rica.    <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Durante el <span class=\"_ _1\"></span>ejercicio 2021 la <span class=\"_ _1\"></span>Sociedad, a <span class=\"_ _1\"></span>trav\u00e9s de <span class=\"_ _1\"></span>su sociedad Red <span class=\"_ _1\"></span>El\u00e9ctrica y <span class=\"_ _1\"></span>de Telecomunicacione<span class=\"_ _0\"></span>s, </span></span>Innovaci\u00f3n <span class=\"_ _c4\"></span>y <span class=\"_ _c4\"></span>Tecnolog\u00eda, <span class=\"_ _c4\"></span>S.A.U. <span class=\"_ _c4\"></span>(Elewit), <span class=\"_ _c4\"></span>incorpor\u00f3 <span class=\"_ _1\"></span>a <span class=\"_ _c8\"></span>su <span class=\"_ _c4\"></span>per\u00edmetro <span class=\"_ _c4\"></span>las <span class=\"_ _c4\"></span>Sociedades <span class=\"_ _c4\"></span>Nearby <span class=\"_ _c4\"></span>Computing<span class=\"_ _0\"></span>, S.L, <span class=\"_ _c8\"></span>Zeleros <span class=\"_ _c8\"></span>Global, <span class=\"_ _c8\"></span>S.L., <span class=\"_ _c2\"></span>Hybrid <span class=\"_ _c8\"></span>Energy <span class=\"_ _c8\"></span>Storage <span class=\"_ _c8\"></span>Solutions, <span class=\"_ _c8\"></span>S.L. <span class=\"_ _c8\"></span>y <span class=\"_ _c8\"></span>Aerolaser <span class=\"_ _c8\"></span>System, <span class=\"_ _c8\"></span>S.L. <span class=\"_ _c2\"></span>debido <span class=\"_ _c8\"></span>a <span class=\"_ _c8\"></span>la influencia <span class=\"_ _1\"></span>significativa <span class=\"_ _1\"></span>que ej<span class=\"_ _1\"></span>erce <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>todas ellas. <span class=\"_ _c4\"></span>Estas <span class=\"_ _1\"></span>sociedades se <span class=\"_ _c4\"></span>integraron <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>Estados <span class=\"_ _1\"></span>Finan-<span class=\"_ _29d\"> </span>cieros del Grupo med<span class=\"_ _0\"></span>iante el m\u00e9todo de la partici<span class=\"_ _0\"></span>paci\u00f3n.   <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Con fecha <span class=\"_ _c4\"></span>28 de <span class=\"_ _c4\"></span>diciembre de <span class=\"_ _1\"></span>2021, <span class=\"_ _1\"></span>Hispasa<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>, <span class=\"_ _1\"></span>S.A. e <span class=\"_ _1\"></span>Hispasat <span class=\"_ _1\"></span>Brasil, <span class=\"_ _1\"></span>Ltda. adquirieron <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>socio minori-<span class=\"_ _29d\"> </span></span></span>tario <span class=\"_ _1\"></span>de la <span class=\"_ _1\"></span>sociedad Hispamar Sat\u00e9lites, <span class=\"_ _1\"></span>S.A. la <span class=\"_ _1\"></span>totalidad de <span class=\"_ _1\"></span>su participaci\u00f3n (19,04%). <span class=\"_ _1\"></span>De este m<span class=\"_ _1\"></span>odo el Grupo <span class=\"_ _c4\"></span>Hispasat <span class=\"_ _c4\"></span>pas\u00f3 <span class=\"_ _c4\"></span>a <span class=\"_ _c4\"></span>ser <span class=\"_ _c8\"></span>el <span class=\"_ _c8\"></span>\u00fanico <span class=\"_ _c4\"></span>accionista <span class=\"_ _1\"></span>tanto <span class=\"_ _c8\"></span>de <span class=\"_ _c4\"></span>la <span class=\"_ _c8\"></span>sociedad <span class=\"_ _c4\"></span>adquirid<span class=\"_ _0\"></span>a <span class=\"_ _c8\"></span>Hispamar <span class=\"_ _c4\"></span>Sat\u00e9lites,<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>S.A. como <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>su <span class=\"_ _bf\"></span>sociedad <span class=\"_ _bf\"></span>participada <span class=\"_ _bf\"></span>Hispamar <span class=\"_ _bf\"></span>Exterior, <span class=\"_ _bf\"></span>S.L.U. <span class=\"_ _bf\"></span>Tras <span class=\"_ _bf\"></span>esta <span class=\"_ _bf\"></span>adquisici\u00f3n, <span class=\"_ _bf\"></span>el <span class=\"_ _bf\"></span>Grupo <span class=\"_ _bf\"></span>pas\u00f3 <span class=\"_ _bf\"></span>a <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>oseer el <span class=\"_ _bf\"></span>89,68% <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>ambas <span class=\"_ _0\"></span>socie<span class=\"_ _0\"></span>dades. <span class=\"_ _0\"></span>La <span class=\"_ _bf\"></span>operaci\u00f3n <span class=\"_ _bf\"></span>no <span class=\"_ _0\"></span>tiene <span class=\"_ _bf\"></span>impacto <span class=\"_ _0\"></span>en <span class=\"_ _bf\"></span>el <span class=\"_ _0\"></span>m\u00e9<span class=\"_ _0\"></span>todo <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>consolidaci\u00f3n <span class=\"_ _bf\"></span>que <span class=\"_ _0\"></span>sigue<span class=\"_ _0\"></span> integr\u00e1ndose por el<span class=\"_ _0\"></span> m\u00e9todo de integraci\u00f3n glo<span class=\"_ _0\"></span>bal.  Asimismo, <span class=\"_ _0\"></span>en 2<span class=\"_ _0\"></span>021 e<span class=\"_ _0\"></span>l Gru<span class=\"_ _0\"></span>po lleg<span class=\"_ _0\"></span>\u00f3 a <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>siguientes <span class=\"_ _0\"></span>acuerdos, <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>cuales <span class=\"_ _0\"></span>estaban <span class=\"_ _0\"></span>pendientes <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>perfeccion<span class=\"_ _0\"></span>ar:<span class=\"ff6 fsd fc0\">  </span> <span class=\"ff5 sc0\"> <span class=\"_ _cc\"> </span><span class=\"ff3 fc1\">Con fecha 3 de noviembre de 2021<span class=\"_ _0\"></span>, <span class=\"_ _1\"></span>Argo<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>Energi<span class=\"_ _0\"></span>a Empreendimentos e Participa<span class=\"_ _0\"></span>\u00e7\u00f5es S.A. (Argo), socie-<span class=\"_ _29d\"> </span></span></span>dad <span class=\"_ _bf\"></span>participada <span class=\"_ _bf\"></span>al <span class=\"_ _bf\"></span>50% <span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>Red <span class=\"_ _bf\"></span>El\u00e9ctrica <span class=\"_ _bf\"></span>Brasil, <span class=\"_ _bf\"></span>suscribi<span class=\"_ _0\"></span>\u00f3 <span class=\"_ _0\"></span>con <span class=\"_ _bf\"></span>Rialma <span class=\"_ _bf\"></span>Administra\u00e7\u00e3o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>e <span class=\"_ _bf\"></span>Participa\u00e7\u00f5es<span class=\"_ _0\"></span> <span class=\"_ _bf\"></span>S.A., un <span class=\"_ _c4\"></span>Contrato <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>Comprave<span class=\"_ _0\"></span>nta <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>Acciones, <span class=\"_ _c4\"></span>sujeto <span class=\"_ _c8\"></span>al <span class=\"_ _c4\"></span>cumplimiento <span class=\"_ _c8\"></span>de <span class=\"_ _c4\"></span>determinadas <span class=\"_ _c4\"></span>condiciones <span class=\"_ _c4\"></span>y <span class=\"_ _c8\"></span>a <span class=\"_ _c8\"></span>la aprobaci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>las <span class=\"_ _0\"></span>autoridades <span class=\"_ _0\"></span>regulad<span class=\"_ _0\"></span>oras pa<span class=\"_ _0\"></span>ra la<span class=\"_ _0\"></span> adqu<span class=\"_ _0\"></span>isici\u00f3n, <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>las a<span class=\"_ _0\"></span>cciones <span class=\"_ _0\"></span>representativas <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>100<span class=\"_ _0\"></span>% del capital social de <span class=\"_ _1\"></span>Rialma Trans<span class=\"_ _0\"></span>missora de Energ\u00ed<span class=\"_ _1\"></span>a III S.A. Esta sociedad se integrar\u00e1 en <span class=\"_ _1\"></span>los Estado<span class=\"_ _0\"></span>s Financieros del Grupo<span class=\"_ _0\"></span> mediante el m\u00e9todo de la p<span class=\"_ _0\"></span>articipaci\u00f3n a trav\u00e9s de la<span class=\"_ _0\"></span> participaci\u00f3n de Argo.<div class=\"t m0 h3d ff7 fsc fc2 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:881.4748px;\">6<span class=\"ff3\"> <span class=\"_ _d5\"> </span></span>Com<span class=\"_ _1\"></span>binaci\u00f3n d<span class=\"_ _1\"></span>e negocios  </div><div class=\"t m0 h7 ff3 fs1 fc2 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:830.6188px;\">Combinaciones de nego<span class=\"_ _0\"></span>cios realizadas en<span class=\"_ _0\"></span> 2022  </div><div class=\"t m0 he ff9 fs1 fc2 sc1 ls0 ws0\" style=\"left:0.00737381px; bottom:806.7508px;\"> <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"fc1\">A<span class=\"_ _1\"></span>dquisici\u00f3n de Axess<span class=\"_ _0\"></span> Networks Solutions Ho<span class=\"_ _0\"></span>ldings, S.L.<span class=\"ff3\">  </span></span></span></div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:783.8188px;\">El 9 de <span class=\"_ _1\"></span>agosto de 2022, tras<span class=\"_ _0\"></span> la <span class=\"_ _1\"></span>obtenci\u00f3n de todas las autorizaciones nec<span class=\"_ _0\"></span>esarias y cumplimiento de las con-<span class=\"_ _29d\"> </span></div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:767.2828px;\">diciones suspensivas, Hisp<span class=\"_ _0\"></span>asat S.<span class=\"_ _1\"></span>A, adquiri\u00f3 el 100% del capital social de la <span class=\"_ _1\"></span>compa\u00f1\u00eda<span class=\"_ _0\"></span> A<span class=\"_ _1\"></span>xess Netwo<span class=\"_ _0\"></span>rks <span class=\"_ _1\"></span>So-<span class=\"_ _29d\"> </span></div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:750.9028px;\">lutions Holdings, <span class=\"_ _1\"></span>S.L., en <span class=\"_ _1\"></span>adelante \u201cAxess Networks\u201d. <span class=\"_ _1\"></span>y, por tant<span class=\"_ _1\"></span>o, a partir <span class=\"_ _1\"></span>de dicha <span class=\"_ _1\"></span>fecha se <span class=\"_ _1\"></span>ha consolidado<span class=\"_ _0\"></span> </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:734.36676px;\">por integraci\u00f3n global en<span class=\"_ _0\"></span> Redeia.  </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:711.43475px;\">Axess Networks es una<span class=\"_ _0\"></span> empresa de telecomunica<span class=\"_ _0\"></span>ciones especializada<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>en servicios y solucio<span class=\"_ _0\"></span>nes por sat\u00e9lite </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:695.05475px;\">al m<span class=\"_ _1\"></span>ercado corporativo (telcos y <span class=\"_ _1\"></span>grandes empresas) y <span class=\"_ _c4\"></span>Ad<span class=\"_ _0\"></span>ministraciones. Tiene <span class=\"_ _1\"></span>presencia en Latam <span class=\"_ _1\"></span>(Colom-<span class=\"_ _29d\"> </span></div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:678.5188px;\">bia, M\u00e9xico, Per\u00fa, Ecuad<span class=\"_ _0\"></span>or y Chile) y EMEA (prin<span class=\"_ _0\"></span>cipalmente \u00c1frica y Orie<span class=\"_ _0\"></span>nte Medio).  </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:655.58673px;\">Al <span class=\"_ _c4\"></span>cierre <span class=\"_ _c4\"></span>del <span class=\"_ _1\"></span>ej<span class=\"_ _1\"></span>ercici<span class=\"_ _0\"></span>o <span class=\"_ _c8\"></span>202<span class=\"_ _0\"></span>2, <span class=\"_ _c4\"></span>se <span class=\"_ _c4\"></span>ha <span class=\"_ _c4\"></span>concluido <span class=\"_ _c4\"></span>el <span class=\"_ _1\"></span>Proceso <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>Asignaci\u00f3n <span class=\"_ _c4\"></span>del <span class=\"_ _c4\"></span>Precio <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>Adquisici\u00f3n <span class=\"_ _c4\"></span>(Purchase </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:639.2068px;\">Price <span class=\"_ _1\"></span>Allocation <span class=\"_ _1\"></span>PPA, <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>sus <span class=\"_ _1\"></span>siglas <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>ingl\u00e9s) y <span class=\"_ _c4\"></span>el <span class=\"_ _1\"></span>Grupo <span class=\"_ _1\"></span>ha <span class=\"_ _1\"></span>asignado <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>exceso <span class=\"_ _1\"></span>entre el <span class=\"_ _1\"></span>precio <span class=\"_ _1\"></span>pagado <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>el </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:622.8268px;\">valor contable de<span class=\"_ _0\"></span> los activos ne<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>os adqu<span class=\"_ _0\"></span>iridos, principalmente, al Fo<span class=\"_ _0\"></span>ndo de Comercio y<span class=\"_ _0\"></span> a la Cartera de clie<span class=\"_ _0\"></span>n-<span class=\"_ _29d\"> </span></div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:606.2908px;\">tes. <span class=\"_ _1\"></span>La <span class=\"_ _c4\"></span>contabilizaci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>esta <span class=\"_ _c4\"></span>combinaci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>negocios <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>ha <span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ealizado <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>acuerdo <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>establecido <span class=\"_ _1\"></span>por </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:589.91077px;\">la NIIF 3.   </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:566.97876px;\">El <span class=\"_ _c4\"></span>Gr<span class=\"_ _1\"></span>upo <span class=\"_ _c4\"></span>ha <span class=\"_ _c4\"></span>r<span class=\"_ _1\"></span>econocido <span class=\"_ _1\"></span>los <span class=\"_ _c8\"></span>activos <span class=\"_ _c8\"></span>adquiridos <span class=\"_ _c4\"></span>y <span class=\"_ _c8\"></span>los <span class=\"_ _c4\"></span>pasivos <span class=\"_ _c8\"></span>asumidos <span class=\"_ _c4\"></span>por <span class=\"_ _c8\"></span>su <span class=\"_ _c4\"></span>valor <span class=\"_ _c8\"></span>razonable <span class=\"_ _c4\"></span>determinado<span class=\"_ _0\"></span> </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:550.44275px;\">por <span class=\"_ _1\"></span>un <span class=\"_ _c4\"></span>experto<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>independien<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>e. <span class=\"_ _1\"></span>La <span class=\"_ _1\"></span>siguiente <span class=\"_ _1\"></span>tabla <span class=\"_ _1\"></span>resume <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>act<span class=\"_ _1\"></span>ivos <span class=\"_ _1\"></span>netos adquiridos <span class=\"_ _c4\"></span>a <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>fecha <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>adquisi-<span class=\"_ _29d\"> </span></div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:534.0628px;\">ci\u00f3n:  </div><div class=\"t m0 h17 ff5 fs7 fc2 sc0 ls0 ws0\" style=\"left:354.59537px; bottom:511.91077px;\">USD <span class=\"_ _da\"> </span>EUR </div><div class=\"t m0 h17 ff5 fs7 fc1 sc0 ls0 ws0\" style=\"left:423.54736px; bottom:485.70276px;\">Valor  </div><div class=\"t m0 h17 ff5 fs7 fc1 sc0 ls0 ws0\" style=\"left:627.5954px; bottom:485.70276px;\">Valor  </div><div class=\"t m0 h17 ff5 fs7 fc1 sc0 ls0 ws0\" style=\"left:270.8234px; bottom:479.61877px;\">09/08/2022 <span class=\"_ _db\"> </span>Ajustes  </div><div class=\"t m0 h17 ff5 fs7 fc1 sc0 ls0 ws0\" style=\"left:485.01135px; bottom:479.61877px;\">09/08/2022 <span class=\"_ _75\"> </span>Ajustes </div><div class=\"t m0 h17 ff5 fs7 fc1 sc0 ls0 ws0\" style=\"left:412.47137px; bottom:473.69073px;\">razonable </div><div class=\"t m0 h17 ff5 fs7 fc1 sc0 ls0 ws0\" style=\"left:616.51935px; bottom:473.69073px;\">razonable </div><div class=\"c w2b h49\" style=\"left:4.687378px; bottom:459.96277px;\"><div class=\"t m0 x0 h28 y5e7 ff5 fs8 fc1 sc0 ls0 ws0\">Miles<span class=\"_ _29d\"> </span></div></div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:16.387379px; bottom:447.01477px;\">Inmovilizado intangible <span class=\"_ _dc\"> </span>20.284<span class=\"_ _29d\"> </span></div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:363.3314px; bottom:447.01477px;\">49.744<span class=\"_ _29d\"> </span></div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:430.09937px; bottom:447.01477px;\">70.028<span class=\"_ _29d\"> </span></div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:512.62335px; bottom:447.01477px;\">19.855<span class=\"_ _29d\"> </span></div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:565.3514px; bottom:447.01477px;\">48.692<span class=\"_ _29d\"> </span></div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:635.3954px; bottom:447.01477px;\">68.547<span class=\"_ _29d\"> </span></div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:16.387379px; bottom:430.16675px;\">Inmovilizado material <span class=\"_ _dd\"> </span>21.291<span class=\"_ _29d\"> </span></div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:395.15536px; bottom:430.16675px;\">-<span class=\"_ _29d\"> </span></div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:430.09937px; bottom:430.16675px;\">21.291<span class=\"_ _29d\"> </span></div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:512.62335px; bottom:430.16675px;\">20.841<span class=\"_ _29d\"> </span></div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:597.1754px; bottom:430.16675px;\">-<span class=\"_ _29d\"> </span></div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:635.3954px; bottom:430.16675px;\">20.841<span class=\"_ _29d\"> </span></div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:16.387379px; bottom:413.16275px;\">Otros activos no corrientes <span class=\"_ _de\"> </span>1.949<span class=\"_ _29d\"> </span></div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:369.7274px; bottom:413.16275px;\">4.158<span class=\"_ _29d\"> </span></div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:436.49536px; bottom:413.16275px;\">6.107<span class=\"_ _29d\"> </span></div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:518.8634px; bottom:413.16275px;\">1.908<span class=\"_ _29d\"> </span></div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:571.7474px; bottom:413.16275px;\">4.070<span class=\"_ _29d\"> </span></div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:641.6354px; bottom:413.16275px;\">5.978<span class=\"_ _29d\"> </span></div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:16.387379px; bottom:396.3148px;\">Otros activos corrientes <span class=\"_ _df\"> </span>22.581<span class=\"_ _29d\"> </span></div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:395.15536px; bottom:396.3148px;\">-<span class=\"_ _29d\"> </span></div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:430.09937px; bottom:396.3148px;\">22.581<span class=\"_ _29d\"> </span></div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:512.62335px; bottom:396.3148px;\">22.104<span class=\"_ _29d\"> </span></div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:597.1754px; bottom:396.3148px;\">-<span class=\"_ _29d\"> </span></div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:635.3954px; bottom:396.3148px;\">22.104<span class=\"_ _29d\"> </span></div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:16.387379px; bottom:379.46674px;\">Efectivo y equivalentes de ef<span class=\"_ _1\"></span>ectivo <span class=\"_ _e0\"> </span>2.825<span class=\"_ _29d\"> </span></div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:395.15536px; bottom:379.46674px;\">-<span class=\"_ _29d\"> </span></div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:436.49536px; bottom:379.46674px;\">2.825<span class=\"_ _29d\"> </span></div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:518.8634px; bottom:379.46674px;\">2.765<span class=\"_ _29d\"> </span></div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:597.1754px; bottom:379.46674px;\">-<span class=\"_ _29d\"> </span></div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:641.6354px; bottom:379.46674px;\">2.765<span class=\"_ _29d\"> </span></div><div class=\"t m0 h12 ff5 fs6 fc2 sc0 ls0 ws0\" style=\"left:4.687378px; bottom:362.46274px;\">Total Activos <span class=\"_ _e1\"> </span>68.930<span class=\"_ _29d\"> </span></div><div class=\"t m0 h12 ff5 fs6 fc2 sc0 ls0 ws0\" style=\"left:363.3314px; bottom:362.46274px;\">53.902<span class=\"_ _29d\"> </span></div><div class=\"t m0 h12 ff5 fs6 fc2 sc0 ls0 ws0\" style=\"left:423.54736px; bottom:362.46274px;\">122.832<span class=\"_ _29d\"> </span></div><div class=\"t m0 h12 ff5 fs6 fc2 sc0 ls0 ws0\" style=\"left:512.62335px; bottom:362.46274px;\">67.473<span class=\"_ _29d\"> </span></div><div class=\"t m0 h12 ff5 fs6 fc2 sc0 ls0 ws0\" style=\"left:565.3514px; bottom:362.46274px;\">52.762<span class=\"_ _29d\"> </span></div><div class=\"t m0 h12 ff5 fs6 fc2 sc0 ls0 ws0\" style=\"left:628.8434px; bottom:362.46274px;\">120.235<span class=\"_ _29d\"> </span></div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:16.387379px; bottom:345.61478px;\">Socios Minoritarios <span class=\"_ _da\"> </span>(748)<span class=\"_ _29d\"> </span></div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:336.49936px; bottom:345.61478px;\">- <span class=\"_ _25\"> </span>(748)<span class=\"_ _29d\"> </span></div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:521.82733px; bottom:345.61478px;\">(732)<span class=\"_ _29d\"> </span></div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:556.61536px; bottom:345.61478px;\">- <span class=\"_ _8a\"> </span>(732)<span class=\"_ _29d\"> </span></div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:16.387379px; bottom:328.76675px;\">Pasivos no corrientes <span class=\"_ _e2\"> </span>(27.353)<span class=\"_ _29d\"> </span></div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:354.59537px; bottom:328.76675px;\">(28.638)<span class=\"_ _29d\"> </span></div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:421.98737px; bottom:328.76675px;\">(55.991)<span class=\"_ _29d\"> </span></div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:504.82336px; bottom:328.76675px;\">(26.775)<span class=\"_ _29d\"> </span></div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:556.61536px; bottom:328.76675px;\">(28.032)<span class=\"_ _29d\"> </span></div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:627.5954px; bottom:328.76675px;\">(54.807)<span class=\"_ _29d\"> </span></div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:16.387379px; bottom:311.76276px;\">Pasivos corrientes <span class=\"_ _e3\"> </span>(16.289)<span class=\"_ _29d\"> </span></div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:336.49936px; bottom:311.76276px;\">-  <span class=\"_ _6c\"> </span>(16.289)<span class=\"_ _29d\"> </span></div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:504.82336px; bottom:311.76276px;\">(15.944)</div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:556.61536px; bottom:311.76276px;\">  <span class=\"_ _c\"> </span>(15.9<span class=\"_ _1\"></span>45)<span class=\"_ _29d\"> </span></div><div class=\"t m0 h12 ff5 fs6 fc2 sc0 ls0 ws0\" style=\"left:4.687378px; bottom:294.91476px;\">Total Pasivos <span class=\"_ _e4\"> </span>(44.390)<span class=\"_ _29d\"> </span></div><div class=\"t m0 h12 ff5 fs6 fc2 sc0 ls0 ws0\" style=\"left:354.59537px; bottom:294.91476px;\">(28.638)<span class=\"_ _29d\"> </span></div><div class=\"t m0 h12 ff5 fs6 fc2 sc0 ls0 ws0\" style=\"left:421.98737px; bottom:294.91476px;\">(73.028)<span class=\"_ _29d\"> </span></div><div class=\"t m0 h12 ff5 fs6 fc2 sc0 ls0 ws0\" style=\"left:504.82336px; bottom:294.91476px;\">(43.451)<span class=\"_ _29d\"> </span></div><div class=\"t m0 h12 ff5 fs6 fc2 sc0 ls0 ws0\" style=\"left:556.61536px; bottom:294.91476px;\">(28.032)<span class=\"_ _29d\"> </span></div><div class=\"t m0 h12 ff5 fs6 fc2 sc0 ls0 ws0\" style=\"left:627.5954px; bottom:294.91476px;\">(71.484)<span class=\"_ _29d\"> </span></div><div class=\"t m0 h12 ff5 fs6 fc2 sc0 ls0 ws0\" style=\"left:4.687378px; bottom:278.06674px;\">Total Activos Netos <span class=\"_ _e5\"> </span>24.540<span class=\"_ _29d\"> </span></div><div class=\"t m0 h12 ff5 fs6 fc2 sc0 ls0 ws0\" style=\"left:363.3314px; bottom:278.06674px;\">25.264<span class=\"_ _29d\"> </span></div><div class=\"t m0 h12 ff5 fs6 fc2 sc0 ls0 ws0\" style=\"left:430.09937px; bottom:278.06674px;\">49.804<span class=\"_ _29d\"> </span></div><div class=\"t m0 h12 ff5 fs6 fc2 sc0 ls0 ws0\" style=\"left:512.62335px; bottom:278.06674px;\">24.022<span class=\"_ _29d\"> </span></div><div class=\"t m0 h12 ff5 fs6 fc2 sc0 ls0 ws0\" style=\"left:565.3514px; bottom:278.06674px;\">24.729<span class=\"_ _29d\"> </span></div><div class=\"t m0 h12 ff5 fs6 fc2 sc0 ls0 ws0\" style=\"left:635.3954px; bottom:278.06674px;\">48.751<span class=\"_ _29d\"> </span></div><div class=\"t m0 h12 ff5 fs6 fc2 sc0 ls0 ws0\" style=\"left:4.687378px; bottom:258.87875px;\">Precio pagado<span class=\"_ _1\"></span> (100%) </div><div class=\"t m0 h12 ff5 fs6 fc2 sc0 ls0 ws0\" style=\"left:430.09937px; bottom:258.87875px;\">95.567<span class=\"_ _29d\"> </span></div><div class=\"t m0 h12 ff5 fs6 fc2 sc0 ls0 ws0\" style=\"left:635.3954px; bottom:258.87875px;\">93.702<span class=\"_ _29d\"> </span></div><div class=\"t m0 h12 ff5 fs6 fc1 sc0 ls0 ws0\" style=\"left:4.687378px; bottom:237.35074px;\">Fondo de comercio </div><div class=\"t m0 h12 ff5 fs6 fc1 sc0 ls0 ws0\" style=\"left:430.09937px; bottom:237.35074px;\">45.763<span class=\"_ _29d\"> </span></div><div class=\"t m0 h12 ff5 fs6 fc1 sc0 ls0 ws0\" style=\"left:635.3954px; bottom:237.35074px;\">44.951<span class=\"_ _29d\"> </span></div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:194.1388px;\">Los <span class=\"_ _c2\"></span>principale<span class=\"_ _0\"></span>s <span class=\"_ _c2\"></span>ajustes <span class=\"_ _c8\"></span>por <span class=\"_ _c2\"></span>valor <span class=\"_ _c8\"></span>r<span class=\"_ _1\"></span>azonable<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>a <span class=\"_ _c2\"></span>los <span class=\"_ _c2\"></span>activos <span class=\"_ _c8\"></span>y <span class=\"_ _c2\"></span>pasivos <span class=\"_ _c8\"></span>identificados <span class=\"_ _c2\"></span>de <span class=\"_ _c8\"></span>Axess <span class=\"_ _c2\"></span>han <span class=\"_ _c2\"></span>sido <span class=\"_ _c8\"></span>los <span class=\"_ _c2\"></span>si-<span class=\"_ _29d\"> </span></div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:177.75876px;\">guientes:  </div><div class=\"t m0 he ff9 fs1 fc2 sc1 ls0 ws0\" style=\"left:0.00737381px; bottom:153.73479px;\"> <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Reconocimiento <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>un <span class=\"_ _1\"></span>activo <span class=\"_ _1\"></span>intangible <span class=\"_ _1\"></span>correspondien<span class=\"_ _0\"></span>te <span class=\"_ _c4\"></span>a <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>valoraci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>la <span class=\"_ _1\"></span>Cartera <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>Clientes. Se <span class=\"_ _c4\"></span>ha </span></span></div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:18.415379px; bottom:137.35474px;\">asignado valor a los bene<span class=\"_ _0\"></span>f<span class=\"_ _1\"></span>icios futuros prob<span class=\"_ _0\"></span>ables de las relaciones contrac<span class=\"_ _0\"></span>tuales con clientes por importe </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:18.415379px; bottom:120.97475px;\">de <span class=\"_ _0\"></span>48.692 <span class=\"_ _0\"></span>miles <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>euros<span class=\"_ _0\"></span> (4<span class=\"_ _0\"></span>9.744 <span class=\"_ _0\"></span>miles <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>d\u00f3la<span class=\"_ _0\"></span>res <span class=\"_ _0\"></span>estadounidenses). <span class=\"_ _0\"></span>Este <span class=\"_ _bf\"></span>activo in<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>angible<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>tiene <span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>vida </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:18.415379px; bottom:104.4388px;\">\u00fatil d<span class=\"_ _0\"></span>e 10 <span class=\"_ _0\"></span>a\u00f1os. <span class=\"_ _0\"></span>La ca<span class=\"_ _0\"></span>rtera <span class=\"_ _0\"></span>de clientes<span class=\"_ _0\"></span> ha <span class=\"_ _0\"></span>sido <span class=\"_ _0\"></span>valorada sig<span class=\"_ _0\"></span>uiendo l<span class=\"_ _0\"></span>a metod<span class=\"_ _0\"></span>olog\u00eda de <span class=\"_ _0\"></span>MEEM <span class=\"_ _0\"></span>(por <span class=\"_ _0\"></span>sus si<span class=\"_ _0\"></span>glas </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:18.415379px; bottom:88.05875px;\">en ingl\u00e9s Multi-period Ex<span class=\"_ _0\"></span>cess Earning Method). <span class=\"_ _0\"></span> </div><div class=\"t m0 he ffc fs1 fc2 sc0 ls0 ws0\" style=\"left:18.415379px; bottom:65.126785px;\">o<span class=\"ff5\"> <span class=\"_ _d0\"> </span><span class=\"ff3 fc1\">Los principales par\u00e1me<span class=\"_ _0\"></span>tros empleados en la<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>valoraci<span class=\"_ _0\"></span>\u00f3n fueron los siguientes:  </span></span></div><div class=\"t m0 he fff fs1 fc2 sc1 ls0 ws0\" style=\"left:36.97937px; bottom:42.194763px;\"> <span class=\"ff5 sc0\"> <span class=\"_ _d2\"> </span><span class=\"ff3 fc1\">Tasa de descuento de lo<span class=\"_ _0\"></span>s activos intangibles:<span class=\"_ _0\"></span> 8,<span class=\"_ _1\"></span>7% despu\u00e9s<span class=\"_ _0\"></span> de impuestos.  </span></span></div><div class=\"t m0 he fff fs1 fc2 sc1 ls0 ws0\" style=\"left:36.97937px; bottom:19.262749px;\"> <span class=\"ff5 sc0\"> <span class=\"_ _d2\"> </span><span class=\"ff3 fc1\">Tasa media anual de<span class=\"_ _0\"></span> cancelaci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>de 5% y 2%<span class=\"_ _0\"></span> para clientes pertenecien<span class=\"_ _0\"></span>tes a las zonas geogr\u00e1fic<span class=\"_ _0\"></span>as </span></span></div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:55.387375px; bottom:2.7267227px;\">de Am\u00e9ricas (princip<span class=\"_ _0\"></span>almente Colombia, M\u00e9xic<span class=\"_ _0\"></span>o, Ecuador, Chile<span class=\"_ _0\"></span> y <span class=\"_ _1\"></span>Per\u00fa<span class=\"_ _0\"></span>) y EMEA, respectivamen<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>e.  </div> <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Reconocimiento <span class=\"_ _1\"></span>de pasivos <span class=\"_ _1\"></span>no corrientes <span class=\"_ _1\"></span>por importe de <span class=\"_ _1\"></span>28.032 miles <span class=\"_ _1\"></span>de euros (28.638 m<span class=\"_ _1\"></span>iles de d\u00f3lares </span></span>americanos) que corresp<span class=\"_ _0\"></span>onden principalmen<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>e co<span class=\"_ _0\"></span>n:  o<span class=\"ff5\"> <span class=\"_ _d0\"> </span><span class=\"ff3 fc1\">14.480 <span class=\"_ _c2\"></span>miles <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>euros <span class=\"_ _c2\"></span>(14.793 <span class=\"_ _c2\"></span>miles <span class=\"_ _c5\"></span>de <span class=\"_ _c2\"></span>d\u00f3lares <span class=\"_ _c2\"></span>estadounidenses) <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>pasivos <span class=\"_ _c2\"></span>por <span class=\"_ _c5\"></span>impuesto <span class=\"_ _c8\"></span>diferido </span></span>correspondien<span class=\"_ _0\"></span>tes, <span class=\"_ _c5\"></span>princip<span class=\"_ _0\"></span>almente, <span class=\"_ _c2\"></span>por <span class=\"_ _c2\"></span>los <span class=\"_ _c5\"></span>a<span class=\"_ _0\"></span>justes <span class=\"_ _c2\"></span>del <span class=\"_ _c2\"></span>valor <span class=\"_ _c2\"></span>razonable <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>los <span class=\"_ _c2\"></span>activos <span class=\"_ _c2\"></span>considerando<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>la tasa impositiva nomin<span class=\"_ _0\"></span>al aplicable<span class=\"_ _0\"></span> en funci\u00f3n <span class=\"_ _1\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>la localiz<span class=\"_ _0\"></span>aci\u00f3n de los activos.  o<span class=\"ff5\"> <span class=\"_ _d0\"> </span><span class=\"ff3 fc1\">11.172 <span class=\"_ _1\"></span>miles <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>euros <span class=\"_ _1\"></span>(11.413 <span class=\"_ _1\"></span>miles <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>d\u00f3lares estadounidenses) <span class=\"_ _1\"></span>correspond<span class=\"_ _0\"></span>ientes <span class=\"_ _1\"></span>a <span class=\"_ _c4\"></span>ciertos <span class=\"_ _1\"></span>pasivos </span></span>contingentes.  El Fondo de comercio resu<span class=\"_ _0\"></span>ltante <span class=\"_ _1\"></span>de esta combina<span class=\"_ _0\"></span>ci\u00f3n de negocios es atribuible<span class=\"_ _0\"></span> a los beneficios en el Grupo Hispasat y sinergias que se <span class=\"_ _1\"></span>prev\u00e9n que surjan como consecuencia de la <span class=\"_ _1\"></span>ad<span class=\"_ _0\"></span>quisici\u00f3n e <span class=\"_ _1\"></span>integraci\u00f3n de Axess Networks. En es<span class=\"_ _0\"></span>te proceso de asigna<span class=\"_ _0\"></span>ci\u00f3n se ha identificado Fondo<span class=\"_ _0\"></span> de comercio por <span class=\"_ _0\"></span>importe de 44<span class=\"_ _0\"></span>.951 miles de <span class=\"_ _1\"></span>eur<span class=\"_ _1\"></span>os <span class=\"_ _1\"></span>(equivalentes <span class=\"_ _1\"></span>a <span class=\"_ _c4\"></span>45.763 <span class=\"_ _1\"></span>miles <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>d\u00f3lares <span class=\"_ _1\"></span>estadounidenses), <span class=\"_ _1\"></span>lo <span class=\"_ _c4\"></span>que <span class=\"_ _1\"></span>sumado <span class=\"_ _1\"></span>al <span class=\"_ _c4\"></span>Fondo <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>Comercio que recog\u00eda<span class=\"_ _0\"></span> el bala<span class=\"_ _0\"></span>nce de Axe<span class=\"_ _0\"></span>ss Networks su<span class=\"_ _0\"></span>pone un Fo<span class=\"_ _0\"></span>ndo de <span class=\"_ _0\"></span>comercio <span class=\"_ _0\"></span>total, a la <span class=\"_ _0\"></span>fecha de <span class=\"_ _0\"></span>la combin<span class=\"_ _0\"></span>aci\u00f3n de <span class=\"_ _1\"></span>negocios <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>57.062 <span class=\"_ _1\"></span>miles <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>euros <span class=\"_ _c4\"></span>(equivalen<span class=\"_ _0\"></span>tes <span class=\"_ _c4\"></span>a <span class=\"_ _c4\"></span>58.135 <span class=\"_ _1\"></span>miles <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>d\u00f3lares <span class=\"_ _1\"></span>estadounidenses) <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>a <span class=\"_ _c4\"></span>31 de diciembre de 2022<span class=\"_ _0\"></span> suponen 55.037 miles de e<span class=\"_ _0\"></span>uros.  El importe <span class=\"_ _1\"></span>neto de <span class=\"_ _1\"></span>la cifra de <span class=\"_ _1\"></span>negocio y <span class=\"_ _1\"></span>del resultado neto <span class=\"_ _1\"></span>consolidado<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>del periodo, <span class=\"_ _1\"></span>aportado desde la fecha de <span class=\"_ _1\"></span>adquisici\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _1\"></span>ha <span class=\"_ _1\"></span>ascendid<span class=\"_ _0\"></span>o <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>28.500 miles <span class=\"_ _1\"></span>de euros <span class=\"_ _1\"></span>y m<span class=\"_ _1\"></span>enos 1.274 <span class=\"_ _1\"></span>mile<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>euros, respectivamente. Si <span class=\"_ _1\"></span>la adquisici\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>hubiera <span class=\"_ _1\"></span>tenido lugar <span class=\"_ _c4\"></span>el <span class=\"_ _1\"></span>1 <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>enero <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>2022, <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>importe <span class=\"_ _1\"></span>neto <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>cifra <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>negocio <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>resultado neto consolidado aporta<span class=\"_ _0\"></span>do habr\u00eda ascendido<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>a 66.346 y<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>menos 2.8<span class=\"_ _0\"></span>49 miles de euros, respectiva<span class=\"_ _0\"></span>mente.  El <span class=\"_ _c4\"></span>Grupo <span class=\"_ _c4\"></span>incurri\u00f3 <span class=\"_ _1\"></span>en <span class=\"_ _c4\"></span>costes <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>adquisici\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>2.776 <span class=\"_ _c4\"></span>miles <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>euros, <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>los <span class=\"_ _c8\"></span>cuales <span class=\"_ _1\"></span>1.776 <span class=\"_ _c4\"></span>miles <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>euros <span class=\"_ _1\"></span>se han <span class=\"_ _0\"></span>devengado<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>ejerci<span class=\"_ _0\"></span>cio <span class=\"_ _0\"></span>2022, <span class=\"_ _0\"></span>habi\u00e9nd<span class=\"_ _0\"></span>ose <span class=\"_ _0\"></span>registrado <span class=\"_ _0\"></span>el <span class=\"_ _bf\"></span>resto <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>ejercic<span class=\"_ _0\"></span>ios <span class=\"_ _0\"></span>anteriores. <span class=\"_ _0\"></span>Es<span class=\"_ _0\"></span>tos <span class=\"_ _0\"></span>costes <span class=\"_ _0\"></span>han sido incluidos en Otro<span class=\"_ _0\"></span>s gastos de explotaci\u00f3n de l<span class=\"_ _0\"></span>a Cuenta de Resultados<span class=\"_ _0\"></span> Consolidada.  Combinaciones de nego<span class=\"_ _0\"></span>cios realizadas en<span class=\"_ _0\"></span> 2021  <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"fc1\">A<span class=\"_ _1\"></span>dquisici\u00f3n negoc<span class=\"_ _0\"></span>io transmisi\u00f3n de televisi\u00f3<span class=\"_ _0\"></span>n satelital en Per\u00fa.<span class=\"ff3\">  </span></span></span>Con <span class=\"_ _0\"></span>fecha <span class=\"_ _0\"></span>1 <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>mayo <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>2021, <span class=\"_ _0\"></span>Hispasat,<span class=\"_ _0\"></span> a<span class=\"_ _0\"></span> t<span class=\"_ _0\"></span>rav\u00e9s <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>Sociedad<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>Hispasat <span class=\"_ _0\"></span>Per\u00fa <span class=\"_ _0\"></span>S.A.C.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>(en ade<span class=\"_ _0\"></span>lante <span class=\"_ _0\"></span>Hispasa<span class=\"_ _0\"></span>t Per\u00fa), <span class=\"_ _bf\"></span>subsidiaria <span class=\"_ _bf\"></span>al <span class=\"_ _0\"></span>100<span class=\"_ _0\"></span>% <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>Hispasat <span class=\"_ _bf\"></span>S.A., <span class=\"_ _0\"></span>llev\u00f3<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>cabo<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>la <span class=\"_ _bf\"></span>adquisici\u00f3n <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>una <span class=\"_ _0\"></span>serie <span class=\"_ _bf\"></span>de <span class=\"_ _bf\"></span>activos <span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ra <span class=\"_ _bf\"></span>la <span class=\"_ _0\"></span>gesti\u00f3n<span class=\"_ _0\"></span> y transporte de se\u00f1ales<span class=\"_ _0\"></span> de video en Latinoam\u00e9<span class=\"_ _0\"></span>rica.   La operaci\u00f3n consisti\u00f3 en el traspaso de activos fijos <span class=\"_ _1\"></span>y contratos<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>con clientes, as\u00ed como de la infraestructura<span class=\"_ _0\"></span> operativa necesaria <span class=\"_ _1\"></span>para la <span class=\"_ _1\"></span>prestaci\u00f3n <span class=\"_ _1\"></span>del servicio, <span class=\"_ _1\"></span>incluyendo el tr<span class=\"_ _1\"></span>aspaso de <span class=\"_ _1\"></span>empleados que <span class=\"_ _1\"></span>pasan <span class=\"_ _1\"></span>a estar vinculados laboralmen<span class=\"_ _0\"></span>te a Hispasat Per\u00fa. <span class=\"_ _0\"></span> El <span class=\"_ _c4\"></span>precio <span class=\"_ _c4\"></span>total <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>operaci\u00f3n <span class=\"_ _1\"></span>ascendi\u00f3 <span class=\"_ _c4\"></span>a <span class=\"_ _c4\"></span>6,7 <span class=\"_ _1\"></span>millones <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>euros <span class=\"_ _c4\"></span>(7,7 <span class=\"_ _1\"></span>millones <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>d\u00f3lares <span class=\"_ _c4\"></span>estadoun<span class=\"_ _0\"></span>idenses) que <span class=\"_ _1\"></span>fueron <span class=\"_ _1\"></span>desembolsado<span class=\"_ _0\"></span>s <span class=\"_ _c4\"></span>en su <span class=\"_ _c4\"></span>totalidad a <span class=\"_ _1\"></span>31 <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>diciembre <span class=\"_ _1\"></span>de 2021 <span class=\"_ _1\"></span>no <span class=\"_ _1\"></span>quedando <span class=\"_ _1\"></span>registrado <span class=\"_ _1\"></span>en el <span class=\"_ _1\"></span>pasivo ninguna cantidad por es<span class=\"_ _0\"></span>te motivo a dicha fecha.<span class=\"_ _0\"></span>  La <span class=\"_ _1\"></span>operaci\u00f3n <span class=\"_ _1\"></span>fue <span class=\"_ _1\"></span>considerada <span class=\"_ _1\"></span>una <span class=\"_ _c4\"></span>combinaci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>negocios <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>a <span class=\"_ _c4\"></span>31 <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>diciembre <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>202 <span class=\"_ _1\"></span>finaliz\u00f3 <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>proceso de <span class=\"_ _c2\"></span>Asignaci\u00f3n <span class=\"_ _c2\"></span>del <span class=\"_ _c2\"></span>Precio <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>Adquisici\u00f3n <span class=\"_ _c2\"></span>(PPA, <span class=\"_ _c2\"></span>por <span class=\"_ _c5\"></span>sus<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>siglas <span class=\"_ _c8\"></span>en <span class=\"_ _c5\"></span>ingl\u00e9s) <span class=\"_ _c8\"></span>que <span class=\"_ _c2\"></span>f<span class=\"_ _1\"></span>ue <span class=\"_ _c2\"></span>encargado<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>a <span class=\"_ _c2\"></span>un <span class=\"_ _c2\"></span>experto independie<span class=\"_ _0\"></span>nte.  La <span class=\"_ _1\"></span>siguiente <span class=\"_ _1\"></span>tabla <span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>esume<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>los <span class=\"_ _1\"></span>importes <span class=\"_ _1\"></span>reconocidos <span class=\"_ _1\"></span>para <span class=\"_ _1\"></span>los <span class=\"_ _c4\"></span>activos adquiridos <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>los <span class=\"_ _c4\"></span>pasivos <span class=\"_ _1\"></span>asumid<span class=\"_ _0\"></span>os <span class=\"_ _c4\"></span>a <span class=\"_ _1\"></span>la fecha de adquisici\u00f3<span class=\"_ _0\"></span>n:  Miles de euros<span class=\"_ _21f\"></span><span class=\"_ _29d\"> </span>01/05/2021<span class=\"_ _29d\"> </span>Inmovilizado in<span class=\"_ _1\"></span>tangible<span class=\"_ _1\"></span> <span class=\"_ _e6\"> </span>3.788<span class=\"_ _29d\"> </span>- Cartera de cl<span class=\"_ _1\"></span>ientes <span class=\"_ _e7\"> </span>3.788<span class=\"_ _29d\"> </span>Inmovilizado mat<span class=\"_ _1\"></span>erial<span class=\"_ _1\"></span> <span class=\"_ _e8\"> </span>2.890<span class=\"_ _29d\"> </span>- Instalacion<span class=\"_ _1\"></span>es t\u00e9cnicas de <span class=\"_ _1\"></span>telecomunicaci<span class=\"_ _1\"></span>ones <span class=\"_ _e9\"> </span>1.957<span class=\"_ _29d\"> </span>- Anticipos <span class=\"_ _1\"></span>e inmovilizado mater<span class=\"_ _1\"></span>ial en curso <span class=\"_ _ea\"> </span>933<span class=\"_ _29d\"> </span>Total Activos <span class=\"_ _1\"></span>Netos <span class=\"_ _eb\"> </span>6.678<span class=\"_ _29d\"> </span>El importe <span class=\"_ _c4\"></span>neto de <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>cifra <span class=\"_ _1\"></span>de negocio <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>del r<span class=\"_ _1\"></span>esultado neto <span class=\"_ _1\"></span>consolidad<span class=\"_ _0\"></span>o <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>31 <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>diciembre de <span class=\"_ _1\"></span>2021 aportado desde la fecha de adquis<span class=\"_ _0\"></span>ici\u00f3n ascendi\u00f3<span class=\"_ _0\"></span> a <span class=\"_ _1\"></span>19<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>1 y 3,5 mil<span class=\"_ _0\"></span>lones de euros, respectivamen<span class=\"_ _0\"></span>te.<span class=\"_ _29d\"> </span>El G<span class=\"_ _1\"></span>rupo incurri\u00f3 <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>costes de <span class=\"_ _1\"></span>adquisici\u00f3n <span class=\"_ _1\"></span>de 0,8 <span class=\"_ _1\"></span>millones de <span class=\"_ _c4\"></span>euros. <span class=\"_ _1\"></span>Esto<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>costes <span class=\"_ _1\"></span>fueron <span class=\"_ _1\"></span>incluid<span class=\"_ _0\"></span>os <span class=\"_ _1\"></span>en O<span class=\"_ _1\"></span>tros gastos de explotaci\u00f3<span class=\"_ _0\"></span>n de la Cuenta de Resultado<span class=\"_ _0\"></span>s Consolidada.  Adiciona<span class=\"_ _0\"></span>lmente <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>precio de <span class=\"_ _1\"></span>adquisici\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>pagado por <span class=\"_ _1\"></span>los activos par<span class=\"_ _1\"></span>a la <span class=\"_ _1\"></span>gesti\u00f3n <span class=\"_ _1\"></span>del negocio de t<span class=\"_ _1\"></span>ransporte de se\u00f1ales <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>v\u00eddeo <span class=\"_ _bf\"></span>en <span class=\"_ _0\"></span>Latinoa<span class=\"_ _0\"></span>m\u00e9rica <span class=\"_ _0\"></span>ya <span class=\"_ _bf\"></span>descrito, <span class=\"_ _0\"></span>en <span class=\"_ _bf\"></span>el <span class=\"_ _0\"></span>contrato <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>comprave<span class=\"_ _0\"></span>nta <span class=\"_ _0\"></span>suscrito, <span class=\"_ _0\"></span>la<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>sociedad<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>del <span class=\"_ _bf\"></span>Grupo Hispasat <span class=\"_ _0\"></span>Per\u00fa, <span class=\"_ _0\"></span>S.A.C, <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>condici\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>mprador, as<span class=\"_ _0\"></span>umi\u00f3 <span class=\"_ _0\"></span>el co<span class=\"_ _0\"></span>mpromiso <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>abonar <span class=\"_ _bf\"></span>al vendedo<span class=\"_ _0\"></span>r u<span class=\"_ _0\"></span>n pa<span class=\"_ _0\"></span>go, en <span class=\"_ _1\"></span>los <span class=\"_ _c4\"></span>ejercicios <span class=\"_ _1\"></span>2024 <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>2025,<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>sujetos <span class=\"_ _1\"></span>y <span class=\"_ _c4\"></span>condicionados <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>cumplimiento <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>un <span class=\"_ _1\"></span>indicador <span class=\"_ _c4\"></span>de <span class=\"_ _1\"></span>negocio <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>31 <span class=\"_ _c4\"></span>de diciembre de 2023 y 2<span class=\"_ _0\"></span>024 respectivamente. <span class=\"_ _0\"></span>  A <span class=\"_ _0\"></span>cierre del <span class=\"_ _0\"></span>ejercicio <span class=\"_ _0\"></span>2022 <span class=\"_ _0\"></span>se ha <span class=\"_ _0\"></span>materiali<span class=\"_ _0\"></span>zado el <span class=\"_ _0\"></span>cumpli<span class=\"_ _0\"></span>miento de<span class=\"_ _0\"></span> dichos <span class=\"_ _0\"></span>indicadores, <span class=\"_ _0\"></span>por <span class=\"_ _0\"></span>lo <span class=\"_ _0\"></span>cual se<span class=\"_ _0\"></span> ha <span class=\"_ _0\"></span>regis-<span class=\"_ _29d\"> </span>trado un pasivo continge<span class=\"_ _0\"></span>nte por importe de<span class=\"_ _0\"></span> 936 miles de euros (v\u00e9ase no<span class=\"_ _0\"></span>ta 16).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBusinessCombinationsExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-5": {
   "value": "S.A.",
   "dimensions": {
    "concept": "ifrs-full:LegalFormOfEntity",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-6": {
   "value": "Red El\u00e9ctrica Corporaci\u00f3n, S.A.",
   "dimensions": {
    "concept": "ifrs-full:NameOfUltimateParentOfGroup",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-484": {
   "value": "3  Regulaci\u00f3n sectorial  a)  Sector el\u00e9ctrico en Espa\u00f1a La Ley 54/1997, de 27 de noviembre, del Sector El\u00e9ctrico, supuso el inicio del proceso de liberalizaci\u00f3n del sector el\u00e9ctrico en Espa\u00f1a. Esta Ley procedi\u00f3 a la desintegraci\u00f3n vertical de las distintas actividades, segre- gando las actividades en r\u00e9gimen de monopolio natural, transporte y distribuci\u00f3n, de aqu\u00e9llas otras que se desarrollan en r\u00e9gimen de libre competencia, generaci\u00f3n y comercializaci\u00f3n.   En el a\u00f1o 2013 se inici\u00f3 un proceso de reformas derivado del desequilibrio existente entre los ingresos y costes del sistema el\u00e9ctrico en los a\u00f1os previos que culmin\u00f3 con la publicaci\u00f3n de la Ley 24/2013 (en adelante la  Ley)  de  26  de  diciembre,  del  Sector  El\u00e9ctrico.  Cabe  se\u00f1alar  que  esta  Ley  se  ha  ido  actualizando posteriormente e incorpora parcialmente al ordenamiento jur\u00eddico espa\u00f1ol, la Directiva 2019/944 del Parla- mento Europeo y del Consejo de 5 de junio de 2019 sobre normas comunes para el mercado interior de la electricidad y por la que se modifica la Directiva 2012/27/UE.  La Ley establece para las actividades que desarrolla la Sociedad el siguiente marco regulatorio:     Para la actividad de Transporte, la Ley reconoce a Red El\u00e9ctrica como transportista \u00fanico.  La retribuci\u00f3n de esta actividad se fija administrativamente, atendiendo a los principios generales esta- blecidos en la propia Ley y con una metodolog\u00eda que se encuentra desarrollada fundamentalmente en la Circular 5/2019, de la Comisi\u00f3n Nacional de los Mercados y la Competencia (CNMC), de 5 de diciembre, para el c\u00e1lculo de la retribuci\u00f3n de la actividad de transporte de energ\u00eda el\u00e9ctrica.  Adem\u00e1s para el actual periodo regulatorio (2020-2025) se establecieron otros par\u00e1metros retributivos del nuevo modelo: La Circular 2/2019 por la que se establece la metodolog\u00eda de c\u00e1lculo de la tasa de retri- buci\u00f3n financiera de las actividades de transporte y distribuci\u00f3n de energ\u00eda el\u00e9ctrica, y regasificaci\u00f3n, transporte y distribuci\u00f3n de gas natural, y la Circular 7/2019, por la que se aprueban las instalaciones tipo y los valores unitarios de referencia de operaci\u00f3n y mantenimiento por elemento de inmovilizado que se emplear\u00e1n en el c\u00e1lculo de la retribuci\u00f3n de las empresas titulares de instalaciones de transporte de energ\u00eda el\u00e9ctrica. En dicha Circular se estableci\u00f3, adem\u00e1s, respecto a los valores unitarios de referencia de inversi\u00f3n, que quedaban prorrogados para el periodo 2020-2025 los valores vigentes en el anterior periodo regulatorio, que fueron establecidos mediante la Orden IET/2659/2015.  Los ingresos regulados de la actividad de transporte, para el primer a\u00f1o de aplicaci\u00f3n del Real Decreto 1047/2013, es decir, para 2016, fueron fijados con car\u00e1cter definitivo en la Orden IET/981/2016. Poste- riormente, entre 2017 y 2022, los ingresos regulados se fueron fijando con car\u00e1cter provisional, prorro- gando el importe de la retribuci\u00f3n del a\u00f1o 2016 y estableciendo liquidaciones a cuenta.  La causa de esta provisionalidad se debe a un \u201cprocedimiento de lesividad\u201d, que fue abierto por la Abo- gac\u00eda del Estado contra la Orden IET/981/2016 al objeto de que el Tribunal Supremo (TS) declarase nulos algunos de sus art\u00edculos y de esa forma poder corregir los ingresos definitivos del a\u00f1o 2016. La Sentencia del TS fue publicada el d\u00eda 29 de junio de 2020, por lo que la Orden IET/981/2016 y los ingre- sos de 2016 deb\u00edan ser corregidos. Para dar cumplimiento a esta sentencia, el Ministerio public\u00f3 la Orden TED/1311/2022, la cual estableci\u00f3 la retribuci\u00f3n definitiva de Red El\u00e9ctrica para el a\u00f1o 2016.  Una  vez  establecida  la  retribuci\u00f3n  definitiva  para  el  a\u00f1o  2016,  el  Ministerio  aprob\u00f3  la  Orden TED/1343/2022, de 23 de diciembre, por la que se establece la retribuci\u00f3n de las empresas titulares de instalaciones de transporte de energ\u00eda el\u00e9ctrica para los a\u00f1os 2017, 2018 y 2019.  Con lo anterior, al cierre del ejercicio queda pendiente que la CNMC publique la retribuci\u00f3n definitiva de los a\u00f1os 2020, 2021 y 2022.    En su condici\u00f3n de Operador del sistema el\u00e9ctrico, la Sociedad tiene como funci\u00f3n principal garantizar la continuidad y la seguridad del suministro el\u00e9ctrico y la correcta coordinaci\u00f3n del sistema de producci\u00f3n y transporte, ejerciendo sus funciones en coordinaci\u00f3n con los operadores y sujetos del Mercado Ib\u00e9rico de la Energ\u00eda El\u00e9ctrica, bajo los principios de transparencia, objetividad e independencia.   La Ley 24/2013 tambi\u00e9n atribuye al operador del sistema la funci\u00f3n de gestor de la red de transporte. En el a\u00f1o 2015 se complet\u00f3 el proceso de designaci\u00f3n de Red El\u00e9ctrica como gestor de la red de transporte del sistema el\u00e9ctrico espa\u00f1ol previsto en la Ley. Con esta designaci\u00f3n, Red El\u00e9ctrica opera bajo el marco de la separaci\u00f3n patrimonial que establece el art\u00edculo 43 de la Directiva 2019/944 sobre normas comunes para el mercado interior de electricidad. \u202f   La Sociedad tiene igualmente asignadas las funciones de liquidaci\u00f3n, comunicaci\u00f3n de pagos y cobros, y gesti\u00f3n de garant\u00edas, relacionadas con la garant\u00eda de suministro y con los desv\u00edos efectivos de las unidades de generaci\u00f3n y de consumo, y es tambi\u00e9n responsable de los intercambios de energ\u00eda a corto plazo que tengan por objeto el mantenimiento de las condiciones de calidad y seguridad del suministro.   Adem\u00e1s, la Sociedad es responsable de la gesti\u00f3n del despacho t\u00e9cnico y econ\u00f3mico para el suministro de energ\u00eda el\u00e9ctrica de los sistemas el\u00e9ctricos no peninsulares de Baleares, Canarias, Ceuta y Melilla,  as\u00ed como de la funci\u00f3n de liquidaci\u00f3n de los pagos y cobros resultantes del despacho econ\u00f3mico de la generaci\u00f3n en estos sistemas.  A ra\u00edz de la publicaci\u00f3n del Real Decreto-Ley 1/2019, la CNMC estableci\u00f3 por primera vez una metodo- log\u00eda de retribuci\u00f3n para la actividad de Operaci\u00f3n del sistema en la Circular 4/2019. Este modelo de retribuci\u00f3n se apoya en el principio fundamental de proporcionar una retribuci\u00f3n adecuada a una activi- dad de bajo riesgo, considerando aquellos costes prudentemente incurridos por una empresa eficiente y bien gestionada. Bajo la aplicaci\u00f3n de la metodolog\u00eda de retribuci\u00f3n establecida en la Circular 4/2019, la CNMC ha establecido la retribuci\u00f3n del operador del sistema desde el ejercicio 2020.   Es importante se\u00f1alar, no obstante, que la competencia para aprobar la metodolog\u00eda aplicable al c\u00e1lculo de la retribuci\u00f3n del operador del sistema en el periodo 2014-2019 corresponde al MITERD, y que en ausencia de dicha metodolog\u00eda, las sucesivas \u00f3rdenes que aprobaron los peajes de acceso de energ\u00eda el\u00e9ctrica correspondientes a los a\u00f1os del periodo 2014-2019 establecieron una retribuci\u00f3n anual de ca- r\u00e1cter provisional, previ\u00e9ndose que las cantidades recogidas en las mismas podr\u00edan ser modificadas una vez que el MITERD aprobase la citada metodolog\u00eda. En 2021 el MITERD present\u00f3 a consulta p\u00fablica el proyecto de Real Decreto por el que se establece la metodolog\u00eda para el c\u00e1lculo de la retribuci\u00f3n del operador del sistema el\u00e9ctrico aplicable a cada uno de los a\u00f1os del citado periodo.  En relaci\u00f3n a las funciones que la Sociedad tiene encomendadas en los sistemas el\u00e9ctricos no peninsu- lares, en el a\u00f1o 2015 se llev\u00f3 a cabo la transmisi\u00f3n al Operador del sistema del proyecto de la Central Hidr\u00e1ulica Reversible de 200 MW de Salto de Chira en Gran Canaria, exigido por la Orden IET/728/2014, de 28 de abril. Una vez asumida la propiedad, en el a\u00f1o 2016, Red El\u00e9ctrica present\u00f3 un proyecto de reforma del proyecto inicial, que incorpora mejoras t\u00e9cnicas y ambientales destinadas a ampliar la capa- cidad de integraci\u00f3n de energ\u00edas renovables y a reducir el impacto sobre el entorno de esta nueva infra- estructura. El 17 de diciembre de 2022 se ha publicado la Orden TED/1243/2022, de 2 de diciembre, por la que se aprueba la metodolog\u00eda de c\u00e1lculo de la retribuci\u00f3n de la instalaci\u00f3n hidr\u00e1ulica reversible de 200 MW de Salto de Chira en Gran Canaria, titularidad del operador del sistema. Esta retribuci\u00f3n calcula el coste total de la instalaci\u00f3n en base a unos par\u00e1metros retributivos que son: valor de la inversi\u00f3n de la instalaci\u00f3n en el a\u00f1o de su puesta en servicio; valor unitario de operaci\u00f3n y mantenimiento variable; y valor unitario de la anualidad de costes de operaci\u00f3n y mantenimiento fijos. Asimismo, contempla una retribuci\u00f3n que ser\u00e1 percibida en los cinco a\u00f1os posteriores a la puesta en marcha de la instalaci\u00f3n, de tal forma que retribuya los costes de financiaci\u00f3n en los que se haya incurrido durante la fase de cons- trucci\u00f3n.  En 2021, tambi\u00e9n como consecuencia de la entrada en vigor del Real Decreto-ley 1/2019, comenz\u00f3 a apli- carse el nuevo r\u00e9gimen de peajes y cargos. Esto se llev\u00f3 a cabo con la publicaci\u00f3n del Real Decreto 148/2021, de 9 de marzo, por el que se establece la metodolog\u00eda de c\u00e1lculo de los cargos del sistema el\u00e9ctrico, y la Circular 3/2020, de 15 de enero, de la CNMC, por la que se establece la metodolog\u00eda para el c\u00e1lculo de los peajes de transporte y distribuci\u00f3n de electricidad.   Concretamente, este nuevo marco de peajes y cargos comenz\u00f3 a funcionar a partir del 1 de junio de 2021. Con \u00e9l, todos los consumidores pasan a tener un peaje con discriminaci\u00f3n horaria en los t\u00e9rminos de potencia y energ\u00eda, aumentando la diferencia de precios entre los periodos de punta y valle.   En  materia  de  acceso  y  conexi\u00f3n  a  las  redes  de  energ\u00eda  el\u00e9ctrica,  tras  la  aprobaci\u00f3n  del  Real  Decreto 1183/2020, de 29 de diciembre, de acceso y conexi\u00f3n a las redes de transporte y distribuci\u00f3n de energ\u00eda el\u00e9ctrica, la CNMC aprob\u00f3 la Circular 1/2021, por la que se establece la metodolog\u00eda y condiciones del acceso y de la conexi\u00f3n a las redes de transporte y distribuci\u00f3n de las instalaciones de producci\u00f3n de energ\u00eda el\u00e9c- trica, quedando as\u00ed cerrado el marco normativo general de acceso y conexi\u00f3n.  Por \u00faltimo, entre las novedades regulatorias del ejercicio 2022, destacar asimismo las siguientes:     Real Decreto-ley 6/2022, de 29 de marzo, por el que se adoptan medidas urgentes en el marco del Plan Nacional de respuesta a las consecuencias econ\u00f3micas y sociales de la guerra en Ucrania. Esta norma, como consecuencia de los fallos de las sentencias del Tribunal Supremo sobre el mecanismo anterior de financiaci\u00f3n del bono social, regula un nuevo mecanismo de financiaci\u00f3n del bono social. Esta norma regula que la financiaci\u00f3n del bono social de electricidad la asuman todos los agentes que participan en la cadena de suministro de electricidad (producci\u00f3n, transporte, distribuci\u00f3n, comercializaci\u00f3n y consu- midores  directos),  de  acuerdo  con  su  facturaci\u00f3n.  No  obstante,  la  norma  reconoce  a  su  vez  que  la metodolog\u00eda de retribuci\u00f3n se adaptar\u00e1 para reconocer dicho coste, por lo que, en la pr\u00e1ctica, no se estima que esta medida tenga un impacto econ\u00f3mico significativo para Red El\u00e9ctrica.     El Real Decreto-ley 14/2022, de 1 de agosto, de medidas de sostenibilidad econ\u00f3mica en el \u00e1mbito del transporte, en materia de becas y ayudas al estudio, as\u00ed como de medidas de ahorro, eficiencia energ\u00e9- tica y de reducci\u00f3n de la dependencia energ\u00e9tica del gas natural, modifica el Real Decreto 1955/2000, con objeto de introducir una serie de modificaciones que permitan agilizar la tramitaci\u00f3n de las instala- ciones de transporte.     Publicaci\u00f3n del Plan de Desarrollo de la Red de Transporte 2021 \u2013 2026, en el BOE del 19 de abril de 2022 que prev\u00e9 la construcci\u00f3n de 2.681 km de nuevas l\u00edneas y 733 km de cables submarinos, as\u00ed como 7.057 km de repotenciaciones. Destacar tambi\u00e9n que la planificaci\u00f3n el\u00e9ctrica contempla el uso de nue- vos componentes en la red, como los sistemas de monitorizaci\u00f3n de la capacidad din\u00e1mica de transporte de l\u00edneas (Dynamic Line Rating, DLR), compensadores s\u00edncronos, el almacenamiento como elemento plenamente integrado de la red de transporte, as\u00ed como elementos con posibilidad de modificaci\u00f3n de los flujos de potencia (por ejemplo, desfasadores).     Por \u00faltimo, se aprueba el Real Decreto-ley 20/2022, de 27 de diciembre, de medidas de respuesta a las consecuencias econ\u00f3micas y sociales de la Guerra de Ucrania y de apoyo a la reconstrucci\u00f3n de la isla de La Palma y a otras situaciones de vulnerabilidad, en el que se prorrogan durante 2023 varias medidas temporales cuya vigencia terminaba el 31 de diciembre, como las rebajas fiscales en  el sector de la electricidad y se incluyen aspectos puntuales relativos a la planificaci\u00f3n de la red de transporte, para impulsar la transici\u00f3n energ\u00e9tica y desarrollar la cadena de valor industrial.  b)  Sector el\u00e9ctrico Internacional  Redinter ha construido y adquirido instalaciones de transporte de energ\u00eda el\u00e9ctrica, que a d\u00eda de hoy opera y mantiene en el sector el\u00e9ctrico, a nivel internacional, en Per\u00fa, Chile y Brasil.  Sector El\u00e9ctrico en Per\u00fa  En el a\u00f1o 1992 se inici\u00f3 el proceso de liberalizaci\u00f3n del sector el\u00e9ctrico de Per\u00fa con la publicaci\u00f3n de la \u201cLey de Concesiones El\u00e9ctricas\u201d (LCE) y, posteriormente, la reforma del a\u00f1o 2006 termin\u00f3 de dar forma al sector el\u00e9ctrico (Ley 28832, \u201cLey para Asegurar el Desarrollo Eficiente de la Generaci\u00f3n El\u00e9ctrica\u201d, LGE).   Estas dos leyes y algunas otras normas modificatorias y/o ampliatorias junto con el Reglamento de desa- rrollo de la LCE (Decreto Supremo N\u00b0 009-93-EM, promulgado en 1993) conforman el marco regulatorio b\u00e1sico del sector el\u00e9ctrico de Per\u00fa.   La regulaci\u00f3n b\u00e1sica de la transmisi\u00f3n incluye tambi\u00e9n el \u201cReglamento de Transmisi\u00f3n\u201d (Decreto Su- premo N\u00b0 027-2007-EM). Tambi\u00e9n habr\u00eda que citar algunos desarrollos regulatorios importantes de OSI- NERGMIN (agencia reguladora) como las Resoluciones que aprueban el Procedimiento de Liquidaci\u00f3n Anual de los Ingresos por el Servicio de Transmisi\u00f3n El\u00e9ctrica (Resoluci\u00f3n N\u00b0 055-2020-OS/CD y 056- 2020-OS/CD) y la Resoluci\u00f3n N\u00b0 217-2013-OS/CD que regula las \u201cTarifas y Compensaciones para Sis- temas Secundarios de Transmisi\u00f3n (SST) y Sistemas Complementarios de Transmisi\u00f3n (SCT)\u201d.  Para la transmisi\u00f3n, la reforma del a\u00f1o 2006 (LGE) supuso la introducci\u00f3n de las subastas como meca- nismo de adjudicaci\u00f3n para la construcci\u00f3n de nuevas instalaciones del sistema troncal de transmisi\u00f3n. El procedimiento de subastas hizo necesario el desarrollo de un proceso de planificaci\u00f3n energ\u00e9tica, que no exist\u00eda hasta la publicaci\u00f3n de la LGE.   En la actualidad, el marco regulatorio peruano est\u00e1 abierto a discusi\u00f3n. El 20 de junio de 2019 se public\u00f3 la Resoluci\u00f3n Suprema N\u00b0 006-2019-EM, mediante la cual se cre\u00f3 la Comisi\u00f3n Multisectorial para la Reforma del Subsector Electricidad (CRSE), con la finalidad de revisar y ajustar el marco normativo y regulatorio vigente, conducente a optimizar el desarrollo eficiente del mercado el\u00e9ctrico peruano dentro de est\u00e1ndares y buenas pr\u00e1cticas internacionales, y con ello garantizar la sostenibilidad del Subsector Electricidad. A cierre del ejercicio 2022 este proceso contin\u00faa abierto.  Sector El\u00e9ctrico en Chile  El marco legal que rige el negocio de la transmisi\u00f3n el\u00e9ctrica en Chile se rige por el DFL N\u00b04/2006, que Fija el Texto Refundido, Coordinado y Sistematizado del Decreto con Fuerza de Ley N\u00b01, de Miner\u00eda, de 1982, la Ley General de Servicios El\u00e9ctricos (DFL(M) N\u00ba 1/82) y sus posteriores modificaciones, que incluye la Ley 19.940 (Ley Corta I), promulgada el 13 de marzo de 2004, la Ley 20.018 (Ley Corta II), promulgada el 19 de mayo de 2005 y la Ley 20.257 (Generaci\u00f3n con Fuentes de Energ\u00edas Renovables no Convencionales), promulgada el 1 de abril de 2008. Estas normas se complementan con el Regla- mento de la Ley General de Servicios El\u00e9ctricos de 1997 (Decreto Supremo N\u00ba 327/97 del Ministerio de Miner\u00eda) y sus respectivas modificaciones, y adem\u00e1s con la Norma T\u00e9cnica de Seguridad y Calidad de Servicio (R.M.EXTA N\u00b040 del 16 de mayo de 2005) y sus modificaciones posteriores.   Con fecha 11 de julio de 2016, fue promulgada la nueva Ley de Transmisi\u00f3n que crea un organismo Coordinador  Independiente  del  Sistema  El\u00e9ctrico  Nacional,  llamada  Coordinador  El\u00e9ctrico  Nacional (CEN); adem\u00e1s establece un nuevo Sistema de Transmisi\u00f3n El\u00e9ctrica en donde las instalaciones del sistema Troncal, Subtransmisi\u00f3n y Adicional pasaron a conformar parte del Sistema de Transmisi\u00f3n Na- cional, Zonal y Dedicado, respectivamente.   El 25 de mayo de 2021, se public\u00f3 en el Diario Oficial el Decreto Supremo 37 del Ministerio de Energ\u00eda, que aprueba el reglamento de los Sistemas de Transmisi\u00f3n y de la Planificaci\u00f3n de la Transmisi\u00f3n. Este Decreto a\u00fan no ha acabado su tramitaci\u00f3n administrativa. El Decreto establece la regulaci\u00f3n de acceso abierto a las instalaciones de Transmisi\u00f3n y, en particular, a la posibilidad de acceder a la transmisi\u00f3n de datos por fibra \u00f3ptica por parte de terceros interesados (particularmente las empresas de genera- ci\u00f3n).   Con fecha 16 de febrero de 2023 se ha aprobado por parte del Ministerio de Energ\u00eda el Decreto Tarifario que fija el valor anual de las instalaciones de transmisi\u00f3n nacional para el cuadrienio 2020-2023. Res- pecto a este punto cabe a\u00f1adir que se ha iniciado el proceso de Valorizaci\u00f3n de Instalaciones de Trans- misi\u00f3n Nacional cuadrienio 2024-2027. Por \u00faltimo, en noviembre de 2022, se promulg\u00f3 y public\u00f3 en el Diario Oficial la ley N\u00b0 21.505 que pro- mueve el almacenamiento de energ\u00eda el\u00e9ctrica y la electromovilidad, que tiene por objeto modificar la LGSE, con el fin de promover el desarrollo de los sistemas de almacenamiento de energ\u00eda el\u00e9ctrica y fomentar la electromovilidad en el pa\u00eds.  Sector El\u00e9ctrico en Brasil  En Brasil, el modelo de transmisi\u00f3n se basa en un modelo de concesi\u00f3n p\u00fablica, cuyos principios b\u00e1sicos de servicio p\u00fablico quedan recogidos en la Constituci\u00f3n de 1988 y los principios que regulan las conce- siones en la Ley 8.987 y Ley 9.074  de  1995 respectivamente. En dicho  marco  se establece  que  los contratos de concesi\u00f3n son contratos administrativos suscritos con el gobierno federal (nivel nacional), representado por ANEEL (agencia reguladora), que no pueden ser modificados o resueltos anticipada- mente por el Gobierno salvo por causas justificadas de utilidad p\u00fablica.   Bajo este modelo, la concesi\u00f3n de las instalaciones de red b\u00e1sica de transporte es licitada por ANEEL a trav\u00e9s de subastas. Las subastas determinan las empresas de transmisi\u00f3n que van a construir, mantener y operar los activos de electricidad durante el periodo de concesi\u00f3n. Como remuneraci\u00f3n por la presta- ci\u00f3n del servicio durante este periodo, las empresas de transmisi\u00f3n reciben unos ingresos, definidos en la subasta, denominados Ingresos Anuales Permitidos, (en portugu\u00e9s, Receita Anual Permitida \u2013 RAP).   Respecto a la regulaci\u00f3n sectorial, no existen leyes que regulen la actividad de transmisi\u00f3n con car\u00e1cter general sino aspectos espec\u00edficos, (e.g. extensi\u00f3n de vida  de concesiones por Ley 12.783 de 2013), adem\u00e1s de existir ordenanzas ministeriales y gubernamentales, siendo las reglas particulares aquellas incluidas dentro de los contratos de concesi\u00f3n.  c)  Telecomunicaciones  Telecomunicaciones en Espa\u00f1a  Hasta la publicaci\u00f3n, en junio de este a\u00f1o, de la Ley 11/2022, de 28 de junio, General de Telecomunica- ciones, el sector de las telecomunicaciones en Espa\u00f1a se reg\u00eda por la Ley 9/2014, de 9 de mayo, General de Telecomunicaciones (LGT) cuyo principal objetivo es la promoci\u00f3n de la competencia en el mercado y garantizar el acceso a las redes, y en el Real Decreto 330/2016, de 9 de septiembre, relativo a medidas para reducir el coste real de despliegue de las redes de comunicaciones electr\u00f3nicas de alta velocidad.   La citada Ley 9/2014 est\u00e1 desarrollada por el Real Decreto 123/2017, de 24 de febrero, por el que se aprueba el Reglamento sobre el uso del dominio p\u00fablico radioel\u00e9ctrico, que tambi\u00e9n regula el otorga- miento de derechos de uso del recurso \u00f3rbita-espectro y los t\u00edtulos habilitantes del segmento terreno satelital y el espectro asociado al mismo. Conforme a esto, Reintel e Hispasat est\u00e1n inscritas en el Re- gistro de Operadores de Comunicaciones electr\u00f3nicas, de la CNMC y, en lo que concierne a Hispasat, tiene otorgadas las correspondientes autorizaciones de segmento terreno y concesiones de uso de es- pectro radioel\u00e9ctrico asociadas, as\u00ed como las concesiones para la explotaci\u00f3n de varios recursos \u00f3rbita- espectro.  El marco regulatorio europeo est\u00e1 compuesto por la Directiva (UE) 2018/1972, por la que se establece el  C\u00f3digo  Europeo  de  las  Comunicaciones  Electr\u00f3nicas  (versi\u00f3n  refundida),  por  la  Directiva 2009/136/CE, del Parlamento Europeo y del Consejo, de 25 de noviembre de 2009 (Derechos de los Usuarios), y la Directiva 2009/140/CE (Mejor Regulaci\u00f3n). En base a esta normativa, la LGT introduce medidas destinadas a crear un marco adecuado para la realizaci\u00f3n de inversiones en el despliegue de redes de nueva generaci\u00f3n, permitiendo a los operadores ofrecer servicios innovadores y tecnol\u00f3gica- mente m\u00e1s adecuados a las necesidades de los ciudadanos.   En l\u00ednea con lo anterior, es asimismo relevante destacar la Directiva 2014/61/UE, relativa a medidas para reducir el coste del despliegue de las redes de comunicaciones electr\u00f3nicas de alta velocidad (RCEAV) cuyo objeto principal es agilizar la implementaci\u00f3n de la \u201cAgenda Digital\u201d de la Uni\u00f3n Europea (UE), publicada en mayo de 2010. Esta Directiva fue traspuesta al ordenamiento jur\u00eddico nacional mediante el Real Decreto 330/2016, relativo a medidas para reducir el coste del despliegue de las RCEAV. La referida normativa (Directiva 2014/61/UE y el RD 330/2016) incide en garantizar el acceso de los operadores de redes p\u00fablicas de comunicaciones electr\u00f3nicas a las infraestructuras susceptibles de alojar redes p\u00fabli- cas de comunicaciones electr\u00f3nicas. En este sentido, la normativa obliga a los propietarios, gestores o titulares de derechos de utilizaci\u00f3n de infraestructuras f\u00edsicas susceptibles de alojar redes p\u00fablicas de comunicaciones electr\u00f3nicas de alta velocidad (entre ellos se incluyen a los operadores de redes que proporcionen una infraestructura f\u00edsica destinada al transporte de electricidad) a atender todas las solici- tudes de acceso a dichas infraestructuras en condiciones equitativas y razonables por parte de operado- res de telecomunicaciones.  El 11 de enero de 2022, la CNMC ha publicado su Comunicaci\u00f3n 1/2021, de 20 de diciembre, que recoge las Directrices sobre la resoluci\u00f3n de conflictos en materia de acceso a infraestructuras f\u00edsicas suscepti- bles de alojar redes de comunicaciones electr\u00f3nicas de alta velocidad (Comunicaci\u00f3n /DTSA/001/21). Tal y como indica la propia CNMC en el texto, la Comunicaci\u00f3n tiene una finalidad orientativa del conte- nido de la normativa aplicable (RD 330/2016) y de la pr\u00e1ctica administrativa existente, y podr\u00e1 ser objeto de revisi\u00f3n peri\u00f3dica, a la luz de la evoluci\u00f3n de dicha normativa, de nuevos pronunciamientos que se emitan por este organismo y, asimismo, de la jurisprudencia que pueda dictarse en este \u00e1mbito.  Unos meses m\u00e1s tarde, el 29 de junio de 2022, se public\u00f3 en el BOE la citada Ley 11/2022, de 28 de junio,  General  de  Telecomunicaciones.  La  Ley  transpone  al  ordenamiento  espa\u00f1ol  la  Directiva  de 2018/1972, por el que se establece el C\u00f3digo Europeo de las Comunicaciones Electr\u00f3nicas.  La aprobaci\u00f3n de esta Ley sustituye, como ya se ha comentado, a la Ley 9/2014, de 9 de mayo, General de Telecomunicaciones. Esta Ley constituye una de las medidas incluidas en el Plan de Recuperaci\u00f3n, Transformaci\u00f3n y Resiliencia de la econom\u00eda espa\u00f1ola.  Un aspecto importante de la Ley es el fomento de la inversi\u00f3n en redes de muy alta capacidad, introdu- ciendo figuras como la de los estudios geogr\u00e1ficos o la de la coinversi\u00f3n y la utilizaci\u00f3n compartida del  dominio p\u00fablico y la propiedad privada, incentivando el uso compartido de las infraestructuras y recursos asociados y la utilizaci\u00f3n compartida de los tramos finales de las redes de acceso.    Entre las principales novedades, destaca el despliegue del 5G: en el \u00e1mbito de las infraestructuras, la norma establece previsiones espec\u00edficas para organizar el despliegue masivo de redes 5G. Estas redes impulsar\u00e1n servicios basados en el internet de las cosas, e incluso los veh\u00edculos aut\u00f3nomos.  Por \u00faltimo, en marzo 2022 se public\u00f3 el Real Decreto-ley 7/2022, de 29 de marzo, sobre requisitos para garantizar la seguridad de las redes y servicios de comunicaciones electr\u00f3nicas de quinta generaci\u00f3n. En \u00e9l se establecen los requisitos de seguridad para la instalaci\u00f3n, el despliegue y la explotaci\u00f3n de redes de comunicaciones electr\u00f3nicas y la prestaci\u00f3n de  servicios de comunicaciones electr\u00f3nicas e inal\u00e1mbricas basados en la tecnolog\u00eda 5G.  Telecomunicaciones en Am\u00e9rica  El Grupo presta servicios en distintos pa\u00edses de Am\u00e9rica. En la mayor\u00eda de los pa\u00edses del continente americano es necesaria la obtenci\u00f3n de derechos para poder proveer capacidad satelital a prestadores de servicios de telecomunicaciones. Dichos derechos pueden consistir en la obtenci\u00f3n de autorizaciones, concesiones, inscripci\u00f3n en registro o inclusi\u00f3n en listas de sat\u00e9lites autorizados. Los sat\u00e9lites de la flota est\u00e1n debidamente autorizados en todos los pa\u00edses que lo requieren, con la excepci\u00f3n de aquellos donde no existe inter\u00e9s comercial o el sat\u00e9lite no tiene cobertura.  Los principales pa\u00edses donde se dispone de los mencionados derechos son los siguientes:     En Brasil se dispone de derechos de explotaci\u00f3n de varios recursos \u00f3rbita-espectro, as\u00ed como del t\u00edtulo habilitante de \u201ccomunica\u00e7ao multim\u00e9dia\u201d que le  capacita para  la prestaci\u00f3n de servicios de comunicaciones electr\u00f3nicas. La normativa aplicable en este caso es Resoluci\u00f3n n\u00ba. 220 de 5 de abril de 2000 que aprueba el Reglamento sobre el Derecho de Explotaci\u00f3n de Sat\u00e9lite para Trans- porte de Se\u00f1ales de Telecomunicaciones, la Resoluci\u00f3n n\u00ba 614, de 28 de mayo de 2013 que aprueba el Reglamento del servicio de comunicaci\u00f3n multimedia y la Ley General de Telecomunicaciones n\u00ba 9.472, de 16 de julio de 1997.      En M\u00e9xico el Grupo est\u00e1 autorizado para la prestaci\u00f3n de servicios de Internet por sat\u00e9lite mayorista y backhaul celular satelital en el pa\u00eds. Para ello ostenta el t\u00edtulo de concesi\u00f3n \u00fanica para uso comer- cial, de conformidad con la Ley Federal de Telecomunicaciones y Radiodifusi\u00f3n de 14 de julio de 2014.     En Colombia el Grupo tiene autorizaci\u00f3n a trav\u00e9s del Registro \u00danico TIC de proveedores de redes y servicios de telecomunicaciones, para la prestaci\u00f3n de servicios de telecomunicaciones por sat\u00e9lite. La normativa fundamental aplicable es la Ley 1978 de 2019 de Modernizaci\u00f3n TIC y la Ley 1341 de 2009 por la cual se definen principios y conceptos sobre la sociedad de la informaci\u00f3n y la organiza- ci\u00f3n de las tecnolog\u00edas de la informaci\u00f3n y las comunicaciones5  Consideraciones sobre la coyuntura macroecon\u00f3mica Como consecuencia de las tensiones de los \u00faltimos a\u00f1os entre Rusia y Ucrania, el 24 de febrero de 2022 comenz\u00f3 un conflicto b\u00e9lico que a la fecha de formulaci\u00f3n de estas cuentas Anuales Consolidadas sigue en curso. En respuesta a esta acci\u00f3n militar, se han anunciado por parte de numerosos pa\u00edses diferentes san- ciones econ\u00f3micas contra Rusia, as\u00ed como se han suspendido o interrumpido las actividades que empresas p\u00fablicas y privadas desarrollaban en el pa\u00eds.  Todo ello ha generado una gran incertidumbre y una volatilidad econ\u00f3mica global significativa que ha provo- cado un alza de precios, revaluaci\u00f3n de diferentes monedas frente al euro, alteraci\u00f3n de las condiciones actuales del mercado, interrupci\u00f3n de las relaciones comerciales con Rusia, en algunos casos una ruptura de la cadena de suministro y en \u00faltimo t\u00e9rmino un aumento de los tipos de inter\u00e9s tanto dentro como fuera de la Uni\u00f3n Europea.  Cabe destacar que Redeia no posee relaciones comerciales directas ni indirectas con Rusia y Ucrania, as\u00ed como tampoco mantiene inversiones en  participadas ni activos en  dichos pa\u00edses y  su pol\u00edtica  de  riesgos financieros asegura la identificaci\u00f3n, an\u00e1lisis, gesti\u00f3n y evaluaci\u00f3n de todos los riesgos asociados al mencio- nado conflicto.   Durante el ejercicio 2022, se han llevado a cabo en Espa\u00f1a con normalidad las actividades de operaci\u00f3n y mantenimiento de instalaciones, as\u00ed como los trabajos de construcci\u00f3n de nuevas infraestructuras. Adem\u00e1s, tampoco se han presentado incidencias significativas en la cobertura de la demanda el\u00e9ctrica y el correcto funcionamiento del sistema, y tampoco se han registrado incidencias en la red de transporte que hayan con- dicionado la operaci\u00f3n del sistema el\u00e9ctrico espa\u00f1ol.  Asimismo, tanto el negocio de infraestructuras el\u00e9ctrico internacional como el negocio de telecomunicaciones han estado prestando servicios sin incidencias y la disponibilidad de las instalaciones se ha mantenido en niveles habituales, no habi\u00e9ndose registrado incidencias en la calidad del servicio.  El sector el\u00e9ctrico est\u00e1 vi\u00e9ndose influenciado por la tensa situaci\u00f3n del mercado mayorista derivada del men- cionado conflicto b\u00e9lico. En nuestro pa\u00eds, al igual que en otros de nuestro entorno, el precio medio de la electricidad ha marcado r\u00e9cords en el ejercicio 2022. Esta situaci\u00f3n ha obligado a las autoridades comunita- rias y nacionales a tomar medidas para intentar paliar sus efectos (ver nota 3.a).  En el \u00e1mbito econ\u00f3mico financiero, Redeia sigue contando con una s\u00f3lida posici\u00f3n financiera para continuar afrontando esta situaci\u00f3n y han continuado aplic\u00e1ndose las medidas encaminadas a reforzar la liquidez. El Grupo ha llevado a cabo en este ejercicio 2022 la venta de una participaci\u00f3n minoritaria de Reintel por importe de 996 millones de euros y ha suscrito operaciones de cr\u00e9dito por importe de 1.180 millones de euros, 97 millones de d\u00f3lares y 250 millones de euros disponibles multidivisa (en 2021, una  emisi\u00f3n de bonos por importe de 600 millones de euros y suscribi\u00f3 operaciones de cr\u00e9dito por importe de 610 millones de euros y 30 millones de d\u00f3lares). Tras la realizaci\u00f3n de estas operaciones, y una vez hecho frente tanto a los venci- mientos de deuda producidos, como a los pagos como consecuencia de la actividad del Grupo, la posici\u00f3n de liquidez del Grupo a diciembre de 2022 alcanza los 3.305 millones de euros (1.510 millones de euros de disponibilidad en tesorer\u00eda e inversiones en el mercado monetario a corto plazo y 1.795 millones de euros de l\u00edneas de cr\u00e9dito disponibles), y garantiza poder hacer frente a las necesidades operativas de tesorer\u00eda y a los vencimientos de deuda previstos hasta 2024.   La Direcci\u00f3n y los Administradores del Grupo continuar\u00e1n evaluando la situaci\u00f3n, realizando un exhaustivo seguimiento de las incidencias que se  puedan registrar en las infraestructuras que gestiona, as\u00ed como  la evoluci\u00f3n de otros factores externos y el impacto que los mismos pudieran tener en los estados financieros. 31 Informaci\u00f3n sobre Medioambiente Las sociedades del Grupo, durante el ejercicio 2022, han realizado gastos ordinarios para la protecci\u00f3n y mejora del medio ambiente por un importe de 24.934 miles de euros (23.421 miles de euros en 2021), prin- cipalmente derivados de la aplicaci\u00f3n de acciones ambientales dirigidas a la protecci\u00f3n de la biodiversidad, prevenci\u00f3n de incendios, integraci\u00f3n paisaj\u00edstica, cambio clim\u00e1tico y prevenci\u00f3n de la contaminaci\u00f3n.   Asimismo, durante el a\u00f1o 2022, el importe destinado a aspectos ambientales asociados a los proyectos de inversi\u00f3n (que incluyen los estudios de impacto ambiental, supervisi\u00f3n ambiental de los trabajos y aplicaci\u00f3n de medidas preventivas, correctoras y de acompa\u00f1amiento) ha sido de 4.540 miles de euros (3.498 miles de euros en 2021).   Las sociedades del Grupo no tienen litigios en materia de protecci\u00f3n y mejora del medio ambiente de los que se estime puedan derivar contingencias relevantes. Asimismo, durante los ejercicios 2022 y 2021 las socie- dades del Grupo no han recibido subvenciones significativas de car\u00e1cter medioambiental.  ",
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   "value": "Sector El\u00e9ctrico en Per\u00fa  En el a\u00f1o 1992 se inici\u00f3 el proceso de liberalizaci\u00f3n del sector el\u00e9ctrico de Per\u00fa con la publicaci\u00f3n de la \u201cLey de Concesiones El\u00e9ctricas\u201d (LCE) y, posteriormente, la reforma del a\u00f1o 2006 termin\u00f3 de dar forma al sector el\u00e9ctrico (Ley 28832, \u201cLey para Asegurar el Desarrollo Eficiente de la Generaci\u00f3n El\u00e9ctrica\u201d, LGE).   Estas dos leyes y algunas otras normas modificatorias y/o ampliatorias junto con el Reglamento de desa- rrollo de la LCE (Decreto Supremo N\u00b0 009-93-EM, promulgado en 1993) conforman el marco regulatorio b\u00e1sico del sector el\u00e9ctrico de Per\u00fa.   La regulaci\u00f3n b\u00e1sica de la transmisi\u00f3n incluye tambi\u00e9n el \u201cReglamento de Transmisi\u00f3n\u201d (Decreto Su- premo N\u00b0 027-2007-EM). Tambi\u00e9n habr\u00eda que citar algunos desarrollos regulatorios importantes de OSI- NERGMIN (agencia reguladora) como las Resoluciones que aprueban el Procedimiento de Liquidaci\u00f3n Anual de los Ingresos por el Servicio de Transmisi\u00f3n El\u00e9ctrica (Resoluci\u00f3n N\u00b0 055-2020-OS/CD y 056- 2020-OS/CD) y la Resoluci\u00f3n N\u00b0 217-2013-OS/CD que regula las \u201cTarifas y Compensaciones para Sis- temas Secundarios de Transmisi\u00f3n (SST) y Sistemas Complementarios de Transmisi\u00f3n (SCT)\u201d.  Para la transmisi\u00f3n, la reforma del a\u00f1o 2006 (LGE) supuso la introducci\u00f3n de las subastas como meca- nismo de adjudicaci\u00f3n para la construcci\u00f3n de nuevas instalaciones del sistema troncal de transmisi\u00f3n. El procedimiento de subastas hizo necesario el desarrollo de un proceso de planificaci\u00f3n energ\u00e9tica, que no exist\u00eda hasta la publicaci\u00f3n de la LGE.   En la actualidad, el marco regulatorio peruano est\u00e1 abierto a discusi\u00f3n. El 20 de junio de 2019 se public\u00f3 la Resoluci\u00f3n Suprema N\u00b0 006-2019-EM, mediante la cual se cre\u00f3 la Comisi\u00f3n Multisectorial para la Reforma del Subsector Electricidad (CRSE), con la finalidad de revisar y ajustar el marco normativo y regulatorio vigente, conducente a optimizar el desarrollo eficiente del mercado el\u00e9ctrico peruano dentro de est\u00e1ndares y buenas pr\u00e1cticas internacionales, y con ello garantizar la sostenibilidad del Subsector Electricidad. A cierre del ejercicio 2022 este proceso contin\u00faa abierto. Sector El\u00e9ctrico en Chile  El marco legal que rige el negocio de la transmisi\u00f3n el\u00e9ctrica en Chile se rige por el DFL N\u00b04/2006, que Fija el Texto Refundido, Coordinado y Sistematizado del Decreto con Fuerza de Ley N\u00b01, de Miner\u00eda, de 1982, la Ley General de Servicios El\u00e9ctricos (DFL(M) N\u00ba 1/82) y sus posteriores modificaciones, que incluye la Ley 19.940 (Ley Corta I), promulgada el 13 de marzo de 2004, la Ley 20.018 (Ley Corta II), promulgada el 19 de mayo de 2005 y la Ley 20.257 (Generaci\u00f3n con Fuentes de Energ\u00edas Renovables no Convencionales), promulgada el 1 de abril de 2008. Estas normas se complementan con el Regla- mento de la Ley General de Servicios El\u00e9ctricos de 1997 (Decreto Supremo N\u00ba 327/97 del Ministerio de Miner\u00eda) y sus respectivas modificaciones, y adem\u00e1s con la Norma T\u00e9cnica de Seguridad y Calidad de Servicio (R.M.EXTA N\u00b040 del 16 de mayo de 2005) y sus modificaciones posteriores.   Con fecha 11 de julio de 2016, fue promulgada la nueva Ley de Transmisi\u00f3n que crea un organismo Coordinador  Independiente  del  Sistema  El\u00e9ctrico  Nacional,  llamada  Coordinador  El\u00e9ctrico  Nacional (CEN); adem\u00e1s establece un nuevo Sistema de Transmisi\u00f3n El\u00e9ctrica en donde las instalaciones del sistema Troncal, Subtransmisi\u00f3n y Adicional pasaron a conformar parte del Sistema de Transmisi\u00f3n Na- cional, Zonal y Dedicado, respectivamente.   El 25 de mayo de 2021, se public\u00f3 en el Diario Oficial el Decreto Supremo 37 del Ministerio de Energ\u00eda, que aprueba el reglamento de los Sistemas de Transmisi\u00f3n y de la Planificaci\u00f3n de la Transmisi\u00f3n. Este Decreto a\u00fan no ha acabado su tramitaci\u00f3n administrativa. El Decreto establece la regulaci\u00f3n de acceso abierto a las instalaciones de Transmisi\u00f3n y, en particular, a la posibilidad de acceder a la transmisi\u00f3n de datos por fibra \u00f3ptica por parte de terceros interesados (particularmente las empresas de genera- ci\u00f3n).   Con fecha 16 de febrero de 2023 se ha aprobado por parte del Ministerio de Energ\u00eda el Decreto Tarifario que fija el valor anual de las instalaciones de transmisi\u00f3n nacional para el cuadrienio 2020-2023. Res- pecto a este punto cabe a\u00f1adir que se ha iniciado el proceso de Valorizaci\u00f3n de Instalaciones de Trans- misi\u00f3n Nacional cuadrienio 2024-2027. Por \u00faltimo, en noviembre de 2022, se promulg\u00f3 y public\u00f3 en el Diario Oficial la ley N\u00b0 21.505 que pro- mueve el almacenamiento de energ\u00eda el\u00e9ctrica y la electromovilidad, que tiene por objeto modificar la LGSE, con el fin de promover el desarrollo de los sistemas de almacenamiento de energ\u00eda el\u00e9ctrica y fomentar la electromovilidad en el pa\u00eds.  Sector El\u00e9ctrico en Brasil  En Brasil, el modelo de transmisi\u00f3n se basa en un modelo de concesi\u00f3n p\u00fablica, cuyos principios b\u00e1sicos de servicio p\u00fablico quedan recogidos en la Constituci\u00f3n de 1988 y los principios que regulan las conce- siones en la Ley 8.987 y Ley 9.074  de  1995 respectivamente. En dicho  marco  se establece  que  los contratos de concesi\u00f3n son contratos administrativos suscritos con el gobierno federal (nivel nacional), representado por ANEEL (agencia reguladora), que no pueden ser modificados o resueltos anticipada- mente por el Gobierno salvo por causas justificadas de utilidad p\u00fablica.   Bajo este modelo, la concesi\u00f3n de las instalaciones de red b\u00e1sica de transporte es licitada por ANEEL a trav\u00e9s de subastas. Las subastas determinan las empresas de transmisi\u00f3n que van a construir, mantener y operar los activos de electricidad durante el periodo de concesi\u00f3n. Como remuneraci\u00f3n por la presta- ci\u00f3n del servicio durante este periodo, las empresas de transmisi\u00f3n reciben unos ingresos, definidos en la subasta, denominados Ingresos Anuales Permitidos, (en portugu\u00e9s, Receita Anual Permitida \u2013 RAP).   Respecto a la regulaci\u00f3n sectorial, no existen leyes que regulen la actividad de transmisi\u00f3n con car\u00e1cter general sino aspectos espec\u00edficos, (e.g. extensi\u00f3n de vida  de concesiones por Ley 12.783 de 2013), adem\u00e1s de existir ordenanzas ministeriales y gubernamentales, siendo las reglas particulares aquellas incluidas dentro de los contratos de concesi\u00f3n.  c)  Telecomunicaciones  Telecomunicaciones en Espa\u00f1a  Hasta la publicaci\u00f3n, en junio de este a\u00f1o, de la Ley 11/2022, de 28 de junio, General de Telecomunica- ciones, el sector de las telecomunicaciones en Espa\u00f1a se reg\u00eda por la Ley 9/2014, de 9 de mayo, General de Telecomunicaciones (LGT) cuyo principal objetivo es la promoci\u00f3n de la competencia en el mercado y garantizar el acceso a las redes, y en el Real Decreto 330/2016, de 9 de septiembre, relativo a medidas para reducir el coste real de despliegue de las redes de comunicaciones electr\u00f3nicas de alta velocidad.   La citada Ley 9/2014 est\u00e1 desarrollada por el Real Decreto 123/2017, de 24 de febrero, por el que se aprueba el Reglamento sobre el uso del dominio p\u00fablico radioel\u00e9ctrico, que tambi\u00e9n regula el otorga- miento de derechos de uso del recurso \u00f3rbita-espectro y los t\u00edtulos habilitantes del segmento terreno satelital y el espectro asociado al mismo. Conforme a esto, Reintel e Hispasat est\u00e1n inscritas en el Re- gistro de Operadores de Comunicaciones electr\u00f3nicas, de la CNMC y, en lo que concierne a Hispasat, tiene otorgadas las correspondientes autorizaciones de segmento terreno y concesiones de uso de es- pectro radioel\u00e9ctrico asociadas, as\u00ed como las concesiones para la explotaci\u00f3n de varios recursos \u00f3rbita- espectro.  El marco regulatorio europeo est\u00e1 compuesto por la Directiva (UE) 2018/1972, por la que se establece el  C\u00f3digo  Europeo  de  las  Comunicaciones  Electr\u00f3nicas  (versi\u00f3n  refundida),  por  la  Directiva 2009/136/CE, del Parlamento Europeo y del Consejo, de 25 de noviembre de 2009 (Derechos de los Usuarios), y la Directiva 2009/140/CE (Mejor Regulaci\u00f3n). En base a esta normativa, la LGT introduce medidas destinadas a crear un marco adecuado para la realizaci\u00f3n de inversiones en el despliegue de redes de nueva generaci\u00f3n, permitiendo a los operadores ofrecer servicios innovadores y tecnol\u00f3gica- mente m\u00e1s adecuados a las necesidades de los ciudadanos.   En l\u00ednea con lo anterior, es asimismo relevante destacar la Directiva 2014/61/UE, relativa a medidas para reducir el coste del despliegue de las redes de comunicaciones electr\u00f3nicas de alta velocidad (RCEAV) cuyo objeto principal es agilizar la implementaci\u00f3n de la \u201cAgenda Digital\u201d de la Uni\u00f3n Europea (UE), publicada en mayo de 2010. Esta Directiva fue traspuesta al ordenamiento jur\u00eddico nacional mediante el Real Decreto 330/2016, relativo a medidas para reducir el coste del despliegue de las RCEAV. La referida normativa (Directiva 2014/61/UE y el RD 330/2016) incide en garantizar el acceso de los operadores de redes p\u00fablicas de comunicaciones electr\u00f3nicas a las infraestructuras susceptibles de alojar redes p\u00fabli- cas de comunicaciones electr\u00f3nicas. En este sentido, la normativa obliga a los propietarios, gestores o titulares de derechos de utilizaci\u00f3n de infraestructuras f\u00edsicas susceptibles de alojar redes p\u00fablicas de comunicaciones electr\u00f3nicas de alta velocidad (entre ellos se incluyen a los operadores de redes que proporcionen una infraestructura f\u00edsica destinada al transporte de electricidad) a atender todas las solici- tudes de acceso a dichas infraestructuras en condiciones equitativas y razonables por parte de operado- res de telecomunicaciones.  El 11 de enero de 2022, la CNMC ha publicado su Comunicaci\u00f3n 1/2021, de 20 de diciembre, que recoge las Directrices sobre la resoluci\u00f3n de conflictos en materia de acceso a infraestructuras f\u00edsicas suscepti- bles de alojar redes de comunicaciones electr\u00f3nicas de alta velocidad (Comunicaci\u00f3n /DTSA/001/21). Tal y como indica la propia CNMC en el texto, la Comunicaci\u00f3n tiene una finalidad orientativa del conte- nido de la normativa aplicable (RD 330/2016) y de la pr\u00e1ctica administrativa existente, y podr\u00e1 ser objeto de revisi\u00f3n peri\u00f3dica, a la luz de la evoluci\u00f3n de dicha normativa, de nuevos pronunciamientos que se emitan por este organismo y, asimismo, de la jurisprudencia que pueda dictarse en este \u00e1mbito.  Unos meses m\u00e1s tarde, el 29 de junio de 2022, se public\u00f3 en el BOE la citada Ley 11/2022, de 28 de junio,  General  de  Telecomunicaciones.  La  Ley  transpone  al  ordenamiento  espa\u00f1ol  la  Directiva  de 2018/1972, por el que se establece el C\u00f3digo Europeo de las Comunicaciones Electr\u00f3nicas.  La aprobaci\u00f3n de esta Ley sustituye, como ya se ha comentado, a la Ley 9/2014, de 9 de mayo, General de Telecomunicaciones. Esta Ley constituye una de las medidas incluidas en el Plan de Recuperaci\u00f3n, Transformaci\u00f3n y Resiliencia de la econom\u00eda espa\u00f1ola.  Un aspecto importante de la Ley es el fomento de la inversi\u00f3n en redes de muy alta capacidad, introdu- ciendo figuras como la de los estudios geogr\u00e1ficos o la de la coinversi\u00f3n y la utilizaci\u00f3n compartida del dominio p\u00fablico y la propiedad privada, incentivando el uso compartido de las infraestructuras y recursos asociados y la utilizaci\u00f3n compartida de los tramos finales de las redes de acceso. Entre las principales novedades, destaca el despliegue del 5G: en el \u00e1mbito de las infraestructuras, la norma establece previsiones espec\u00edficas para organizar el despliegue masivo de redes 5G. Estas redes impulsar\u00e1n servicios basados en el internet de las cosas, e incluso los veh\u00edculos aut\u00f3nomos.  Por \u00faltimo, en marzo 2022 se public\u00f3 el Real Decreto-ley 7/2022, de 29 de marzo, sobre requisitos para garantizar la seguridad de las redes y servicios de comunicaciones electr\u00f3nicas de quinta generaci\u00f3n. En \u00e9l se establecen los requisitos de seguridad para la instalaci\u00f3n, el despliegue y la explotaci\u00f3n de redes de comunicaciones electr\u00f3nicas y la prestaci\u00f3n de  servicios de comunicaciones electr\u00f3nicas e inal\u00e1mbricas basados en la tecnolog\u00eda 5G.  Telecomunicaciones en Am\u00e9rica  El Grupo presta servicios en distintos pa\u00edses de Am\u00e9rica. En la mayor\u00eda de los pa\u00edses del continente americano es necesaria la obtenci\u00f3n de derechos para poder proveer capacidad satelital a prestadores de servicios de telecomunicaciones. Dichos derechos pueden consistir en la obtenci\u00f3n de autorizaciones, concesiones, inscripci\u00f3n en registro o inclusi\u00f3n en listas de sat\u00e9lites autorizados. Los sat\u00e9lites de la flota est\u00e1n debidamente autorizados en todos los pa\u00edses que lo requieren, con la excepci\u00f3n de aquellos donde no existe inter\u00e9s comercial o el sat\u00e9lite no tiene cobertura.  Los principales pa\u00edses donde se dispone de los mencionados derechos son los siguientes:     En Brasil se dispone de derechos de explotaci\u00f3n de varios recursos \u00f3rbita-espectro, as\u00ed como del t\u00edtulo habilitante de \u201ccomunica\u00e7ao multim\u00e9dia\u201d que le  capacita para  la prestaci\u00f3n de servicios de comunicaciones electr\u00f3nicas. La normativa aplicable en este caso es Resoluci\u00f3n n\u00ba. 220 de 5 de abril de 2000 que aprueba el Reglamento sobre el Derecho de Explotaci\u00f3n de Sat\u00e9lite para Trans- porte de Se\u00f1ales de Telecomunicaciones, la Resoluci\u00f3n n\u00ba 614, de 28 de mayo de 2013 que aprueba el Reglamento del servicio de comunicaci\u00f3n multimedia y la Ley General de Telecomunicaciones n\u00ba 9.472, de 16 de julio de 1997.      En M\u00e9xico el Grupo est\u00e1 autorizado para la prestaci\u00f3n de servicios de Internet por sat\u00e9lite mayorista y backhaul celular satelital en el pa\u00eds. Para ello ostenta el t\u00edtulo de concesi\u00f3n \u00fanica para uso comer- cial, de conformidad con la Ley Federal de Telecomunicaciones y Radiodifusi\u00f3n de 14 de julio de 2014.     En Colombia el Grupo tiene autorizaci\u00f3n a trav\u00e9s del Registro \u00danico TIC de proveedores de redes y servicios de telecomunicaciones, para la prestaci\u00f3n de servicios de telecomunicaciones por sat\u00e9lite. La normativa fundamental aplicable es la Ley 1978 de 2019 de Modernizaci\u00f3n TIC y la Ley 1341 de 2009 por la cual se definen principios y conceptos sobre la sociedad de la informaci\u00f3n y la organiza- ci\u00f3n de las tecnolog\u00edas de la informaci\u00f3n y las comunicaciones. El Grupo explota diversos activos mediante contratos de concesi\u00f3n de servicios otorgados por diferentes entes p\u00fablicos. El Grupo analiza las caracter\u00edsticas de los contratos para determinar si \u00e9stos se encuentran en el alcance de la CINIIF 12 \u201cContratos de concesi\u00f3n de servicios\u201d. La norma afecta a los acuerdos p\u00fablico- privados de concesi\u00f3n de servicios que cumplen dos condiciones:   -  el concedente controla o regula a qu\u00e9 servicios debe el concesionario destinar la infraestructura, a qui\u00e9n debe prestar dichos servicios y a qu\u00e9 precio; y   -  el concedente controla toda participaci\u00f3n residual significativa en la infraestructura al t\u00e9rmino de la vigencia del acuerdo.    Inmovilizado intangible en curso  Las concesiones administrativas en fase de construcci\u00f3n que figuran como inmovilizado intangible en curso son valoradas por los desembolsos que se van efectuando hasta la finalizaci\u00f3n de la construcci\u00f3n conforme a la CINIIF 12. 31 de  Variacio- Modificaci\u00f3n 31 de  Variaciones Modificaci\u00f3n  31 de diciembre nes tipo de per\u00edmetro de Altas   Bajas  Traspasos diciembre tipo de  per\u00edmetro de Altas   Bajas  Traspasos diciembre  de 2020  cambio consolidaci\u00f3n de 2021 cambio consolidaci\u00f3n de 2022 Miles de euros Concesiones administrati- 388.390 29.462 - 275 - 75 418.202 25.224 - 5.548 - 41 449.015 vas y Propiedad Industrial Marca  15.234 - - - - - 15.234 - - - - - 15.234 Gastos de desarrollo y  90.491 360    - (662) 5.704 95.893 354 601 1.889 - 18.358 117.095 Aplicaciones inform\u00e1ticas Fondo de Comercio  231.415 279 - - - - 231.694 (1.801) 57.062 - - - 286.955 Otro Inmovilizado Intangible 45.242 3.774 3.788 - - - 52.804 1.059 55.835 - - - 109.698 Inmovilizado intangible en 13.013 1.085 - 36.301    (6.380) 44.019 614 - 39.225 - (18.399) 65.459 curso Total Inmovilizado  783.785 34.960 3.788 36.576 (662) (601) 857.846 25.450 113.498 46.662 - - 1.043.456 Intangible Amortizaci\u00f3n Acum.  Concesiones administrati- (44.396) (4.639) - (18.027) - - (67.062) (3.870) - (20.785) - (340) (92.057) vas y Propiedad Industrial Amortizaci\u00f3n Acum.  Marca  (1.905) - - (1.523) - - (3.428) - - (1.523) - - (4.951) Amortizaci\u00f3n Acum. Gastos de desarrollo y Aplicaciones (40.955) (18) - (18.900) 343    (59.530) (10) - (20.476) - 20 (79.996) inform\u00e1ticas Amortizaci\u00f3n Acum. Otro - - - (1.528)      (1.528) (62) - (4.356) - 320 (5.626) Inmovilizado Intangible Total Amortizaci\u00f3n  (87.256) (4.657) - (39.978) 343 - (131.548) (3.942) - (47.140) - - (182.630) Acumulada Deterioro Concesiones  administrativas y Propiedad (5.357) - - - - - (5.357) - - - - - (5.357) Industrial Deterioro Marca  - - - - - - - - - - - - - Deterioro Gastos de  desarrollo y Aplicaciones  (322) - - - - - (322) - - - - - (322) inform\u00e1ticas Total Deterioros de valor  (5.679) - - - - - (5.679) - - - - - (5.679) Valor Neto  690.850 30.303 3.788 (3.402) (319) (601) 720.619 21.508 113.498 (478) - - 855.147 Salidas, Modifi- Varia- Modifica- Varia- Salidas, bajas, re- caci\u00f3n ciones ci\u00f3n per\u00ed- ciones bajas, re- Altas y duccio- Traspa- per\u00edme- Altas y Traspa- 31.12.2020 tipo de metro de 31.12.2021 tipo de ducciones 31.12.2022 Otros nes y sa- sos tro de Otros sos cam- consoli- cam- y sanea- neamien- consoli- bio daci\u00f3n bio mientos Miles de euros tos daci\u00f3n Coste                                        Terrenos y construcciones  115.765 122 - 221 (2.506) 477 114.079 2.005 530 3.962 (1.521) 9.286 128.341 Instalaciones t\u00e9cnicas de energ\u00eda el\u00e9ctrica  14.787.613 5.693 - 547 - 345.960 15.139.813 7.510 - - - 417.082 15.564.405 Instalaciones t\u00e9cnicas de telecomunicacio- 1.407.247 865 1.957 16.680 (4.668) 6.473 1.428.554 1.396 18.597 340 (2.318) 9.756 1.456.325 nes Otras instalaciones, maquinaria, utillaje, 267.109 1.524 - 18.573 (3.890) (306) 283.010 375 - 5.520 (5.548) 11.080 294.437 mobiliario y otro inmovilizado Anticipos e inmovilizado material en curso  926.486 1.665 933 501.565 (1.956) (352.003) 1.076.691 3.357 1.714 556.839 (4.380) (497.611) 1.136.610 Total Coste  17.504.220 9.869 2.890 537.586 (13.020) 601 18.042.147 14.643 20.841 566.661 (13.767) (50.407) 18.580.118 Amortizaci\u00f3n Acumulada                                        Amortizaci\u00f3n construcciones  (29.870) (12) - (3.473) 2.208 - (31.147) (69) - (4.224) 754 46 (34.640) Amortizaci\u00f3n Instalaciones t\u00e9cnicas de  (272.637) (447) - (104.901) 3.220 - (374.765) (175) - (114.070) 5.798 237 (482.975) telecomunicaciones Amortizaci\u00f3n Instalaciones t\u00e9cnicas de (7.240.156) (314) - (360.089) - - (7.600.559) (283) - (364.837) - - (7.965.679) energ\u00eda el\u00e9ctrica Amortizaci\u00f3n Otras instalaciones, maqui- (236.176) (18) - (13.651) 2.203 - (247.642) (35) - (14.688) 4.933 (283) (257.715) naria, utillaje, mobiliario y otro inmovilizado Total Amortizaci\u00f3n Acumulada  (7.778.839) (791) - (482.115) 7.631 - (8.254.114) (562) - (497.819) 11.485 - (8.741.010) Deterioro   Deterioro terrenos y construcciones  (1.091) - - - - - (1.091) - - - - - (1.091) Deterioro Instalaciones t\u00e9cnicas de  (106.094) (37) - (89) 2.077 - (104.143) (100) - (20) - - (104.263) telecomunicaciones Deterioro Instalaciones t\u00e9cnicas de  (95.544) - - - - - (95.544) - - - - - (95.544) energ\u00eda el\u00e9ctrica Deterioro otras instalaciones, maquinaria, (11.407) - - - - - (11.407) - - - - - (11.407) utillaje, mobiliario y otro inmovilizado Deterioros de valor  (214.136) (37) - (89) 2.077 - (212.185) (100) - (20) - - (212.305) Valor Neto  9.511.245 9.041 2.890 55.382 (3.312) 601 9.575.848 13.981 20.841 68.822 (2.282) (50.407) 9.626.803 Dentro de Otros activos financieros a coste amortizado se incluye, en 2022, el activo financiero surgido tras la aplicaci\u00f3n de la CINIIF 12 por el saldo pendiente de facturaci\u00f3n y  cobro a largo plazo por parte de la administraci\u00f3n concedente en relaci\u00f3n al proyecto de la Central Hidr\u00e1ulica Reversible de 200 MW de Salto de Chira en Gran Canaria, por importe de 114.632 miles de euros. Este proyecto, tras la publicaci\u00f3n de la Orden en la que se apruebe la metodolog\u00eda del c\u00e1lculo de la retribuci\u00f3n (v\u00e9ase nota 3), se ha clasificado como una concesi\u00f3n, aplic\u00e1ndose el modelo financiero. Para ello se ha traspasado el importe acumulado en el inmovilizado en curso por los trabajos realizados hasta ese momento (v\u00e9ase nota 7) por importe de 50.407 miles de euros y se ha registrado el importe a cobrar devengado en el ejercicio, tanto derivado de la cons- trucci\u00f3n como de la actualizaci\u00f3n financiera de la cuenta a cobrar, por un importe total de 64.225 miles de euros (v\u00e9ase nota 24.b). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfServiceConcessionArrangementsExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-485": {
   "value": "4  Principios contables y normas de valoraci\u00f3n  Los principales principios contables utilizados para la elaboraci\u00f3n de estas cuentas anuales consolidadas aplicados uniformemente a los ejercicios que se presentan han sido los siguientes:  a)  Combinaciones de negocios  El Grupo contabiliza las combinaciones de negocios utilizando el m\u00e9todo de adquisici\u00f3n cuando se transfiere el control al Grupo. La fecha de adquisici\u00f3n es aquella en la que el Grupo obtiene el control del negocio adquirido. La contraprestaci\u00f3n entregada por la combinaci\u00f3n de negocios se determina en la fecha de adqui- sici\u00f3n por la suma de los valores razonables de los activos entregados, los pasivos incurridos o asumidos, los instrumentos de Patrimonio neto emitidos y cualquier contraprestaci\u00f3n contingente que dependa de he- chos futuros o del cumplimiento de ciertas condiciones a cambio del control del negocio adquirido. La contra- prestaci\u00f3n entregada, excluye cualquier desembolso que no forma parte del intercambio por el negocio ad- quirido. Los costes relacionados con la adquisici\u00f3n se reconocen como gasto a medida que se incurren.  Para cada combinaci\u00f3n de negocios, el Grupo valora en la fecha de adquisici\u00f3n, los componentes de las participaciones no dominantes en la entidad adquirida que constituyen participaciones de propiedad actuales  y otorguen a sus tenedores derecho a una parte proporcional de los activos netos de la entidad en caso de liquidaci\u00f3n, bien por: (a) el valor razonable; bien por (b) la parte proporcional que los instrumentos de propie- dad actuales representen en los importes reconocidos de los activos netos identificables de la adquirida.  El Grupo reconoce en la fecha de adquisici\u00f3n los activos adquiridos, los pasivos asumidos y cualquier parti- cipaci\u00f3n no dominante por la parte proporcional de los activos netos adquiridos. Este criterio s\u00f3lo es aplicable, para las participaciones no dominantes que otorguen un acceso presente a los beneficios econ\u00f3micos y el derecho a la parte proporcional de los activos netos de la entidad adquirida en caso de liquidaci\u00f3n. En caso contrario, las participaciones no dominantes se valoran por su valor razonable o el valor basado en condicio- nes de mercado. Los pasivos asumidos incluyen los pasivos contingentes en la medida en que representen obligaciones presentes que surjan de sucesos pasados y su valor razonable pueda ser medido con fiabilidad. Asimismo, el Grupo reconoce los activos por indemnizaci\u00f3n otorgados por el vendedor al mismo tiempo y siguiendo los mismos criterios de valoraci\u00f3n de la partida objeto de indemnizaci\u00f3n del negocio adquirido, considerando en su caso el riesgo de insolvencia y cualquier limitaci\u00f3n contractual sobre el importe indemni- zado. El exceso existente entre la contraprestaci\u00f3n entregada, m\u00e1s el valor asignado a las participaciones no do- minantes y el importe neto de los activos adquiridos y los pasivos asumidos, se  registra como Fondo de comercio. En su caso, el defecto, despu\u00e9s de evaluar el importe de la contraprestaci\u00f3n entregada, el valor asignado a las participaciones no dominantes y la identificaci\u00f3n y valoraci\u00f3n de los activos netos adquiridos se reconoce en una partida separada de la Cuenta de resultados consolidada.   Si la combinaci\u00f3n de negocios s\u00f3lo se puede determinar de forma provisional, los activos netos identificables se registran inicialmente por sus valores provisionales, reconociendo los ajustes efectuados durante el pe- riodo de valoraci\u00f3n como si \u00e9stos se hubieran conocido en la fecha de adquisici\u00f3n, re-expresando, en su caso, las cifras comparativas del ejercicio anterior. En cualquier caso, los ajustes a los valores provisionales \u00fanicamente incorporan informaci\u00f3n relativa a los hechos y circunstancias que exist\u00edan en la fecha de adqui- sici\u00f3n y que, de haber sido conocidos, hubieran afectado a los importes reconocidos en dicha fecha.  Transcurrido el periodo de un a\u00f1o, s\u00f3lo se realizan ajustes a la valoraci\u00f3n inicial por una correcci\u00f3n de error. b)  Concesiones administrativas  El Grupo explota diversos activos mediante contratos de concesi\u00f3n de servicios otorgados por diferentes entes p\u00fablicos. El Grupo analiza las caracter\u00edsticas de los contratos para determinar si \u00e9stos se encuentran en el alcance de la CINIIF 12 \u201cContratos de concesi\u00f3n de servicios\u201d. La norma afecta a los acuerdos p\u00fablico- privados de concesi\u00f3n de servicios que cumplen dos condiciones:   -  el concedente controla o regula a qu\u00e9 servicios debe el concesionario destinar la infraestructura, a qui\u00e9n debe prestar dichos servicios y a qu\u00e9 precio; y   -  el concedente controla toda participaci\u00f3n residual significativa en la infraestructura al t\u00e9rmino de la vigencia del acuerdo. En los contratos de concesi\u00f3n el Grupo registrar\u00e1 la contraprestaci\u00f3n recibida como un activo financiero o un activo intangible en  funci\u00f3n del  tipo  de  derecho contractual a recibir la  contraprestaci\u00f3n  que recogen las cl\u00e1usulas del contrato. El Grupo registrar\u00e1 un:     Activo financiero: en aquellos casos que tiene el derecho incondicional a recibir del concedente (o por cuenta de \u00e9ste) efectivo u otro activo financiero y tiene poca o ninguna capacidad de evitar el pago.   El modelo financiero implica diferenciar las obligaciones de cumplimiento recogidas en el contrato y reco- nocer el ingreso y gasto en funci\u00f3n del grado de cumplimiento de las obligaciones, de acuerdo a la norma de ingresos y gastos explicada en el apartado g), generando un activo financiero por cuenta a cobrar. Este activo financiero se va actualizando anualmente a la tasa financiera impl\u00edcita de la concesi\u00f3n.   Redeia, a trav\u00e9s de Red El\u00e9ctrica, es titular de la Concesi\u00f3n de la Central Salto de Chira en Gran Canaria que se registra seg\u00fan el modelo financiero y se explica en la nota 19. El activo financiero se contabiliza en el ep\u00edgrafe \"Otros activos financieros no corrientes\" en Activos financieros a coste amortizado del Estado de Situaci\u00f3n Financiera Consolidado.    Activo intangible: en la medida en que recibe un derecho a repercutir a los usuarios el coste por el acceso o uso del servicio p\u00fablico o no existe un derecho contractual incondicional a recibir efectivo y otro activo financiero.   El modelo intangible implica reconocer al inicio el activo intangible como contraprestaci\u00f3n por la prestaci\u00f3n de servicios de construcci\u00f3n o mejora en un acuerdo de concesi\u00f3n de servicios al valor razonable. Des- pu\u00e9s del reconocimiento inicial, el activo intangible es reconocido al coste, que incluye los costes de pr\u00e9s- tamos capitalizados, menos la amortizaci\u00f3n acumulada y las p\u00e9rdidas acumuladas por deterioro. Estas concesiones figuran en el activo por su coste de adquisici\u00f3n menos la amortizaci\u00f3n acumulada y el importe acumulado de las correcciones por deterioro de valor reconocidas, en su caso, y se amortizan linealmente en el per\u00edodo concesional. Redeia contabiliza las concesiones de transmisi\u00f3n el\u00e9ctrica en Per\u00fa seg\u00fan el modelo intangible, se recogen en la nota 7. El activo intangible se contabiliza en el ep\u00edgrafe \u201cConcesiones administrativas y Propiedad Industrial\u201d del Inmovilizado intangible del Estado de Situaci\u00f3n Financiera Con- solidado.  Las obligaciones contractuales asumidas por el Grupo a mantener la infraestructura durante el periodo de explotaci\u00f3n o restaurarla con anterioridad a su devoluci\u00f3n al cedente al final del acuerdo de concesi\u00f3n, en la medida en que no suponga una actividad que genera ingresos, se reconocen siguiendo la pol\u00edtica de provi- siones. c)  Inmovilizado intangible  Los Inmovilizados intangibles se registran por su precio de adquisici\u00f3n, siendo revisado peri\u00f3dicamente y ajustado en el caso de cualquier disminuci\u00f3n en su valor. La cuota de amortizaci\u00f3n anual se reconoce como un gasto, determin\u00e1ndose en funci\u00f3n del m\u00e9todo lineal, basado en la vida \u00fatil estimada que se le asigne a cada elemento o clase de activo intangible.   Los activos incluidos en este apartado son los siguientes:     Licencias y propiedad industrial  Las licencias tienen una vida \u00fatil definida y figuran en el activo por su coste de obtenci\u00f3n menos la amortiza- ci\u00f3n acumulada y las correcciones por deterioro del valor reconocidas, en su caso. La amortizaci\u00f3n se calcula por el m\u00e9todo lineal en funci\u00f3n del coste de las licencias y de su vida \u00fatil, estimada en cinco a\u00f1os.   La propiedad industrial se valora inicialmente a su precio de adquisici\u00f3n o costes de producci\u00f3n y posterior- mente a su coste minorado por la correspondiente amortizaci\u00f3n acumulada y en su caso por las p\u00e9rdidas por deterioro que hayan experimentado. Dichos activos se amortizan en funci\u00f3n de su vida \u00fatil estimada en cinco a\u00f1os.     Marca  Los importes registrados en concepto de marca se corresponden con el coste incurrido en su adquisici\u00f3n, minorado por su amortizaci\u00f3n acumulada y las correcciones valorativas por deterioro en caso de ser aplica- bles. Esta partida se amortiza linealmente en diez a\u00f1os.     Gastos de desarrollo  Los gastos de desarrollo directamente atribuibles al dise\u00f1o y realizaci\u00f3n de pruebas de programas inform\u00e1ti- cos nuevos o mejorados que sean identificables y \u00fanicos y susceptibles de ser controlados por el Grupo, se reconocen como activos intangibles cuando es probable que el proyecto vaya a tener \u00e9xito considerando su viabilidad t\u00e9cnica y comercial, y sus costes pueden estimarse de forma fiable. Los gastos que no cumplan estos criterios se reconocer\u00e1n como un gasto en el momento en el que se incurran. Los gastos de desarrollo se capitalizan y se amortizan desde su puesta en servicio de manera lineal durante un periodo no superior a cinco a\u00f1os. Los costes asociados con el mantenimiento de programas inform\u00e1ticos se reconocen como gasto a medida que se incurren en los mismos.      Aplicaciones inform\u00e1ticas  En este apartado se incluyen las licencias para programas inform\u00e1ticos adquiridos. Estas se activar\u00e1n sobre la base de los costes en que se ha incurrido para adquirirlas y prepararlas para su uso. La amortizaci\u00f3n de  estos programas inform\u00e1ticos se debe realizar linealmente en un per\u00edodo de entre tres y cinco a\u00f1os desde la entrada en explotaci\u00f3n de cada programa.  Los  gastos  relacionados  con  el  mantenimiento  de  programas  inform\u00e1ticos  se  reconocer\u00e1n  como  gasto cuando se incurra en ellos.   Fondo de Comercio  El fondo de comercio se determina siguiendo los criterios expuestos en el apartado de combinaciones de negocios. El fondo de comercio no se amortiza, sino que se comprueba su deterioro con una periodicidad anual o con anterioridad, si existen indicios de una potencial p\u00e9rdida del valor del activo. Despu\u00e9s del reco- nocimiento inicial, el fondo de comercio se valora por su coste menos las p\u00e9rdidas por deterioro de valor acumuladas si las hubiera. El fondo de comercio generado internamente no se reconoce como un activo.     Otro inmovilizado intangible  En este ep\u00edgrafe se recoge principalmente tanto el Derecho de tarifa regulada surgido de la combinaci\u00f3n de negocios correspondiente a los derechos a percibir ingresos a perpetuidad, como la asignaci\u00f3n del precio de compra imputable a clientes adquiridos en combinaciones de negocio (ver nota 6 \u201cCombinaci\u00f3n de nego- cios\u201d). Estos activos, se valoran inicialmente a valor razonable.  En el caso del Derecho de tarifa regulada tiene una vida \u00fatil indefinida y est\u00e1 sujeto a test de deterioro anual (ver nota 4.i).  En el caso de la Cartera de Clientes se amortiza en 10 a\u00f1os linealmente en el per\u00edodo estimado de perma- nencia de dicha cartera de clientes.     Inmovilizado intangible en curso  Las concesiones administrativas en fase de construcci\u00f3n que figuran como inmovilizado intangible en curso son valoradas por los desembolsos que se van efectuando hasta la finalizaci\u00f3n de la construcci\u00f3n conforme a la CINIIF 12. d)  Inmovilizaciones materiales  Los elementos que componen las Inmovilizaciones materiales son principalmente instalaciones t\u00e9cnicas de energ\u00eda el\u00e9ctrica y de telecomunicaciones y se hallan valorados, seg\u00fan el caso, al coste de producci\u00f3n o coste de adquisici\u00f3n menos la correspondiente amortizaci\u00f3n acumulada y las p\u00e9rdidas acumuladas por de- terioro si las hubiera. En el caso de las inmovilizaciones materiales adquiridas en una combinaci\u00f3n de nego- cios, estas se registran inicialmente a su valor razonable.   El coste indicado incluye, en su caso, los siguientes conceptos:     Los gastos financieros relativos directamente a las construcciones en curso del inmovilizado material, re- lativos a la financiaci\u00f3n externa y devengada \u00fanicamente durante el per\u00edodo de construcci\u00f3n. No obstante, la capitalizaci\u00f3n de intereses es suspendida durante los periodos en los que se interrumpe el desarrollo de actividades, si estos se extienden de manera significativa en el tiempo, salvo que el retraso temporal sea necesario para poner el activo en condiciones de funcionamiento.     Los gastos de explotaci\u00f3n relacionados directamente con las construcciones en curso del Inmovilizado material de aquellos proyectos realizados bajo el control y direcci\u00f3n de las sociedades del Grupo.     La estimaci\u00f3n inicial de los costes de desmantelamiento y retiro del inmovilizado material.  Los activos en etapa de construcci\u00f3n (obras en curso) se capitalizan como Inmovilizado en curso. Se sigue el criterio de traspasar la obra en curso al Inmovilizado material en explotaci\u00f3n una vez realizada la puesta en servicio y siempre que el activo se encuentre en condiciones de funcionamiento. El inmovilizado material en curso no se amortiza.  Las mediciones posteriores al reconocimiento inicial se realizar\u00e1n utilizando el criterio del coste, registr\u00e1ndose el valor del inmovilizado material por su coste menos la amortizaci\u00f3n acumulada y el importe acumulado de las p\u00e9rdidas por deterioro de valor. Los costes de ampliaci\u00f3n o mejora de los bienes de la propiedad, planta y equipo que supongan un aumento de la productividad, capacidad y alargamiento de la vida \u00fatil se incorporan al activo como mayor valor del bien. Los gastos de conservaci\u00f3n y mantenimiento del Inmovilizado material que no supongan un aumento de la productividad no mejoren su utilizaci\u00f3n y no alarguen la vida \u00fatil de los activos, se cargar\u00e1n directamente a la Cuenta de resultados en el momento en que se produzcan.    Amortizaci\u00f3n  El Inmovilizado material se deprecia distribuyendo linealmente el coste de los diferentes elementos que com- ponen dicho activo entre los a\u00f1os de vida \u00fatil estimada que constituyen el per\u00edodo en el que se espera utili- zarlos, teniendo que aplicar en cualquier caso los siguientes rangos de coeficientes:  Coeficiente anual Construcciones  2% - 10% Instalaciones t\u00e9cnicas de energ\u00eda el\u00e9ctrica  2,5% - 8,5% Instalaciones t\u00e9cnicas de telecomunicaciones fibra \u00f3ptica  5% - 12,5% Instalaciones t\u00e9cnicas de telecomunicaciones satelitales  Seg\u00fan plan de amortizaci\u00f3n Otras instalaciones, maquinaria, utillaje, mobiliario y otro inmovilizado  4% - 33% Del inmovilizado material pendiente de amortizar la mayor parte se amortiza al 2,5%. El cargo por amortiza- ci\u00f3n de cada periodo se reconoce en el resultado del periodo.  El valor residual y la vida \u00fatil de los activos se revisa al menos anualmente y se ajusta a la realidad en caso de que resultase necesario. De esta manera, durante el pasado ejercicio 2021, el Grupo adopt\u00f3 la decisi\u00f3n de reestimar, con car\u00e1cter prospectivo desde el 1 de enero de 2021 la vida \u00fatil de los activos de la flota satelital, con excepci\u00f3n de los sat\u00e9lites Hispasat 55W-1, Hispasat 74W-1 y Amazonas 2, que mantienen su vida \u00fatil entre 13 y 15 a\u00f1os, habiendo adecuado su amortizaci\u00f3n contable anual a una vida \u00fatil de 16,5 a\u00f1os en base a los an\u00e1lisis t\u00e9cnicos realizados. El impacto de dicho cambio de estimaci\u00f3n supuso un menor gasto de 16 millones de euros de amortizaci\u00f3n (v\u00e9ase nota 8).   La vida \u00fatil residual media de estos activos paso a ser de 14 a\u00f1os (v\u00e9ase nota 8).     Deterioro de valor  Cuando el importe en libros del inmovilizado estos activos sea superior a su importe recuperable estimado, \u00e9ste se deber\u00e1 deteriorar de forma inmediata hasta su importe recuperable. Como importe recuperable se entender\u00e1 el mayor de los siguientes:  o  Valor razonable menos costes de venta  o  Valor de uso, es decir, el valor actual de  los flujos futuros de  efectivo estimados derivados  del uso continuado del activo y de su enajenaci\u00f3n.  El Grupo realiza an\u00e1lisis complementarios sobre estas magnitudes a consecuencia de cambios significativos del r\u00e9gimen retributivo aplicable a los activos de transporte de energ\u00eda el\u00e9ctrica en Espa\u00f1a.  En el ejercicio 2020 el Grupo registr\u00f3 una p\u00e9rdida por deterioro del valor de los activos asociado en los activos asignados a la UGE del negocio satelital tradicional (Legacy). Esto ha supuesto en los ejercicios 2022 y 2021 una minoraci\u00f3n de la dotaci\u00f3n a la amortizaci\u00f3n de los mencionados activos por un importe de 12 millones de euros (v\u00e9ase nota 8).  El Grupo eval\u00faa y determina las p\u00e9rdidas y las reversiones de las p\u00e9rdidas por deterioro de valor de las Unidades Generadoras de Efectivo (UGEs) de acuerdo con los criterios que se mencionan en el apartado i) de esta nota.     Otros aspectos  Las subvenciones oficiales  y  otros  cobros  asimilables recibidos relacionados con la adquisici\u00f3n de  estos activos se reconocen como ingresos diferidos traslad\u00e1ndose a resultados a lo largo de la vida \u00fatil de los activos. Se dar\u00e1 de baja de los registros contables el Inmovilizado material cuando este se retire; o cuando no se espere obtener beneficios econ\u00f3micos futuros por su uso o retiro. La p\u00e9rdida o ganancia surgida al dar de baja un elemento se calcular\u00e1 mediante la diferencia entre el importe neto que, en su caso, se obtenga de la venta  del  activo  y  su  valor  en  libros  (coste  inicial  menos  amortizaciones  y  deterioros).  Dicha  p\u00e9rdida  o  ganancia se incluir\u00e1 en el resultado del periodo cuando la partida sea dada de baja en cuentas. El resultado de estas transacciones no se incluir\u00e1 como resultado de las actividades ordinarias. e)  Inversiones Inmobiliarias  Las sociedades del Grupo valoran sus Inversiones inmobiliarias siguiendo el m\u00e9todo de coste de adquisici\u00f3n. Cuando el importe en libros de estos activos sea superior a su importe recuperable estimado, se deber\u00e1 reducir el valor en libros de forma inmediata. El valor de mercado de las Inversiones inmobiliarias del Grupo se desglosa en la nota 10 de las cuentas anuales consolidadas.  Las Inversiones Inmobiliarias, a excepci\u00f3n de los terrenos, se amortizan distribuyendo linealmente el coste de los diferentes elementos que lo componen entre los a\u00f1os de vida \u00fatil estimada que constituyen. f)  Arrendamientos  Como consecuencia de la aplicaci\u00f3n de la NIIF 16 el Grupo eval\u00faa al inicio de un contrato, si \u00e9ste contiene un arrendamiento. Un contrato es o contiene un arrendamiento, si otorga el derecho a controlar el uso del activo identificado durante un periodo de tiempo a cambio de contraprestaci\u00f3n. El periodo de tiempo durante el que el Grupo utiliza un activo incluye los periodos consecutivos y no consecutivos de tiempo. El Grupo s\u00f3lo reeval\u00faa las condiciones, cuando se produce una modificaci\u00f3n del contrato:     Como arrendatario  En los contratos que contienen uno o m\u00e1s componentes de arrendamiento y distintos de arrendamiento, el Grupo asigna la contraprestaci\u00f3n del contrato a cada componente de arrendamiento de acuerdo con el precio de venta independiente del componente de arrendamiento y el precio individual agregado de los componen- tes distintos del arrendamiento.  Los pagos realizados por el Grupo que no suponen la transferencia de bienes o servicios al mismo por el arrendador no constituyen un componente separado del arrendamiento, sino que forman parte de la contra- prestaci\u00f3n total del contrato.  El Grupo reconoce al comienzo del arrendamiento un activo por derecho de uso y un pasivo por arrenda- miento. El activo por derecho de uso se compone del importe del pasivo por arrendamiento, cualquier pago por arrendamiento realizado en o con anterioridad a la fecha de comienzo, menos los incentivos recibidos, los costes iniciales directos incurridos y una estimaci\u00f3n de los costes de desmantelamiento o restauraci\u00f3n a incurrir, seg\u00fan lo indicado en la pol\u00edtica contable de provisiones.  El Grupo valora el pasivo por arrendamiento por el valor actual de los pagos por arrendamiento que est\u00e9n pendientes de pago en la fecha de comienzo. El Grupo descuenta los pagos por arrendamiento al tipo de inter\u00e9s incremental apropiado, salvo que pueda determinar con fiabilidad el tipo de inter\u00e9s impl\u00edcito del arren- dador.  Los pagos por arrendamiento pendientes se componen de los pagos fijos, menos cualquier incentivo a cobrar, los pagos variables que dependen de un \u00edndice o tasa, valorados inicialmente por el \u00edndice o tasa aplicable en la  fecha de comienzo, los importes que se espera pagar por garant\u00edas de valor residual, el precio de ejercicio de la opci\u00f3n de compra cuyo ejercicio sea razonablemente cierto y los pagos por indemnizaciones por cancelaci\u00f3n de contrato, siempre que el plazo de arrendamiento refleje el ejercicio de la opci\u00f3n de can- celaci\u00f3n.  El Grupo valora los activos por derecho de uso al coste, menos las amortizaciones y p\u00e9rdidas por deterioro acumuladas, ajustados por cualquier reestimaci\u00f3n del pasivo por arrendamiento.  Si el contrato transfiere la propiedad del activo al Grupo al final del plazo de arrendamiento o el activo por derecho de uso incluye el precio de la opci\u00f3n de compra, se aplican los criterios de amortizaci\u00f3n indicados en el apartado de inmovilizado material desde la fecha de comienzo del arrendamiento hasta el final de la vida \u00fatil del activo. En caso contrario, el Grupo amortiza el activo por derecho de uso desde la fecha de comienzo hasta la fecha anterior de entre la vida \u00fatil del derecho o el final del plazo de arrendamiento. El Grupo aplica los criterios de deterioro de valor de activos no corrientes indicados en el apartado 4.c) al activo por derecho de uso.   El Grupo valora el pasivo por arrendamiento increment\u00e1ndolo por el gasto financiero devengado, disminu- y\u00e9ndolo por los pagos realizados y reestimando el valor contable por las modificaciones del arrendamiento o para reflejar las actualizaciones de los pagos fijos en sustancia.  El Grupo registra los pagos variables que no se han incluido en la valoraci\u00f3n inicial del pasivo en resultados del periodo en el que se producen los hechos que desencadenan su desembolso.  El Grupo registra las reestimaciones del pasivo como un ajuste al activo por derecho de uso, hasta que \u00e9ste se reduce a cero y posteriormente en resultados.  El Grupo reestima el pasivo por arrendamiento descontando los pagos por arrendamiento a una tasa actua- lizada, si se produce un cambio en el plazo de arrendamiento o un cambio en la expectativa de ejercicio de la opci\u00f3n de compra del activo subyacente.  El Grupo reestima el pasivo por arrendamiento si se produce un cambio en los importes esperados a pagar de una garant\u00eda de valor residual o un cambio en el \u00edndice o tasa utilizado para determinar los pagos, inclu- yendo un cambio para reflejar cambios en las rentas de mercado una vez se produce una revisi\u00f3n de las mismas.  El Grupo reconoce una modificaci\u00f3n del arrendamiento como un arrendamiento separado si \u00e9sta aumenta el alcance del arrendamiento a\u00f1adiendo uno o m\u00e1s derechos de uso y el importe de la contraprestaci\u00f3n por el arrendamiento aumenta por  un importe consistente con  el precio individual por  el aumento del alcance y cualquier ajuste al precio individual para reflejar las circunstancias particulares del contrato.  Si la modificaci\u00f3n no resulta en un arrendamiento separado, en la fecha de modificaci\u00f3n, el Grupo asigna la contraprestaci\u00f3n al contrato modificado seg\u00fan lo indicado anteriormente, vuelve a determinar el plazo de arrendamiento y reestima el valor del pasivo descontando los pagos revisados al tipo de inter\u00e9s revisado. El Grupo disminuye el valor contable del activo por derecho de uso para reflejar la finalizaci\u00f3n parcial o total del arrendamiento, en aquellas modificaciones que disminuyen el alcance del arrendamiento y registra en resul- tados el beneficio o p\u00e9rdida. Para el resto de las modificaciones, el Grupo ajusta el valor contable del activo por derecho de uso.  El Grupo ha optado por no aplicar las pol\u00edticas contables indicadas para los arrendamientos a corto plazo y aquellos en los que el activo subyacente tiene un valor inferior a 5.000 euros.  En el Estado de Flujos de Efectivo los pagos de los arrendamientos incluidos en el alcance de la NIIF16 incluidos en la pol\u00edtica arriba mencionada se registran por la parte principal del mismo dentro de Flujos de Efectivo por Actividades de Financiaci\u00f3n en el apartado de Otros pagos de actividades de financiaci\u00f3n. Asi- mismo, los pagos de los intereses del arrendamiento se clasifican en el apartado de Pagos de intereses y otros dentro de Otros Flujos de Efectivo de las Actividades de Explotaci\u00f3n.     Como arrendador  En los arrendamientos operativos el Grupo reconoce los ingresos de forma lineal a lo largo del plazo del arrendamiento, salvo que resulte m\u00e1s representativa otra base sistem\u00e1tica de reparto por reflejar m\u00e1s ade- cuadamente el patr\u00f3n por el que el beneficio por el uso del activo va disminuyendo.  g)  Activos y Pasivos financieros  Reconocimiento y medici\u00f3n inicial  Los instrumentos financieros se clasifican en el momento de su reconocimiento inicial como un activo finan- ciero,  un  pasivo financiero  o  un  instrumento  de  patrimonio,  de  conformidad  con  el  fondo  econ\u00f3mico  del acuerdo contractual y con las definiciones de activo financiero, pasivo financiero o instrumento de patrimonio desarrolladas en la NIC 32 \u201cInstrumentos financieros: Presentaci\u00f3n\u201d.  Los instrumentos financieros se reconocen cuando el Grupo se convierte en una parte obligada del contrato o negocio jur\u00eddico conforme a las disposiciones del mismo.   Un activo financiero o un pasivo financiero se mide inicialmente al valor razonable m\u00e1s, en el caso de una partida no medida al valor razonable con cambios en resultados, los costes de transacci\u00f3n directamente atribuible a su adquisici\u00f3n o emisi\u00f3n. Un deudor comercial sin un componente de financiaci\u00f3n significativo se mide inicialmente al precio de la transacci\u00f3n.    Clasificaci\u00f3n y medici\u00f3n posterior     Activos financieros:  En el reconocimiento inicial un activo financiero se clasifica como medido a: coste amortizado, a valor razo- nable con cambios en Otro resultado global o a valor razonable con cambios en resultados. Esta clasificaci\u00f3n se realizar\u00e1 atendiendo al modelo de negocio y condiciones contractuales del activo.  Un activo financiero deber\u00e1 medirse al coste amortizado si se cumplen las dos condiciones siguientes y no est\u00e1 medido a valor razonable con cambios en resultados:  o  El activo financiero se conserva dentro de un modelo de negocio cuyo objetivo es mantener los activos financieros para obtener flujos de efectivo contractuales.   o  Las condiciones contractuales del activo financiero dan lugar, en fechas espec\u00edficas, a flujos de efectivo que son \u00fanicamente pagos del principal e intereses sobre el importe del principal pendiente. Un activo financiero se medir\u00e1 al valor razonable con cambios en Otro resultado global si se cumplen las dos condiciones siguientes y no est\u00e1 clasificado como a valor razonable con cambios en resultados:  o  El activo financiero se conserva dentro de un modelo de negocio cuyo objetivo se logra tanto obteniendo los flujos de efectivo contractuales como vendiendo los activos financieros.   o  Las condiciones contractuales del activo financiero dan lugar, en fechas espec\u00edficas, a flujos de efectivo que son \u00fanicamente pagos del principal e intereses sobre el importe del principal pendiente. En el reconocimiento inicial de una inversi\u00f3n en instrumentos de patrimonio que no es mantenida para nego- ciaci\u00f3n, el Grupo puede realizar una elecci\u00f3n irrevocable en el momento del reconocimiento inicial de pre- sentar los cambios posteriores en el valor razonable en Otro resultado global. Esta elecci\u00f3n se hace indivi- dualmente para cada inversi\u00f3n.  Todos los activos financieros no clasificados como medidos al coste amortizado o al valor razonable con cambios en Otro resultado global como se ha descrito anteriormente, son medidos al valor razonable con cambios en resultados.  Los activos financieros no se reclasificar\u00e1n despu\u00e9s de su reconocimiento inicial, excepto si el Grupo cambia su modelo de negocio de gesti\u00f3n de los activos financieros.  El Grupo clasifica sus activos financieros, excluidas las inversiones contabilizadas por el m\u00e9todo de partici- paci\u00f3n, en las siguientes categor\u00edas:  o  Coste amortizado: Los activos financieros clasificados en esta categor\u00eda se miden posteriormente a coste amortizado usando el m\u00e9todo del inter\u00e9s efectivo. El coste amortizado se reduce por las p\u00e9rdidas por deterioro. Los ingresos por intereses, las ganancias y p\u00e9rdidas por conversi\u00f3n de moneda extran- jera y el deterioro se reconocen en resultados. Cualquier ganancia o p\u00e9rdida que surja cuando se den de baja se reconoce directamente en la Cuenta de resultados consolidada.  o  Valor razonable con cambios en Otro resultado global: Estos activos se miden posteriormente a valor razonable. La ganancia o p\u00e9rdida neta resultante se reconoce en Otro resultado global. En el momento de la baja en cuentas, las ganancias y p\u00e9rdidas acumuladas en Otro resultado global no se reclasifican a resultados. En el caso de los instrumentos de patrimonio clasificados en este apartado, las ganancias o p\u00e9rdidas resultantes de variaciones en el valor razonable a la fecha de cierre se reconocen directa- mente en Otro resultado global y nunca se reclasifican en resultados.  Los dividendos de las participaciones en capital clasificadas a valor razonable con cambios en Otro resultado global se imputan a la Cuenta de resultados consolidada en el momento en que queda establecido el derecho de la Sociedad a recibir su importe.  o  Valor razonable con cambios en resultados: Estos activos se miden posteriormente a valor razonable. Las ganancias y p\u00e9rdidas netas, incluyendo cualquier ingreso por intereses o dividendos, se reconocen en resultados.      Pasivos financieros:  Los pasivos financieros, en los cuales se incluyen los pr\u00e9stamos, obligaciones y similares, se registran ini- cialmente por su valor razonable menos los costes de transacci\u00f3n en los que se haya incurrido. En per\u00edodos posteriores, estas obligaciones de financiaci\u00f3n se valoran a su coste amortizado, utilizando el m\u00e9todo del tipo de inter\u00e9s efectivo,  salvo para aquellas operaciones para las que se  han suscrito contratos de cobertura (v\u00e9ase apartado o).   Las deudas financieras se clasifican como pasivos corrientes, a menos que su vencimiento tenga lugar a m\u00e1s de doce meses desde la fecha del Estado de situaci\u00f3n financiera consolidado, en cuyo caso se reconocer\u00e1n como no corrientes.  Baja en cuentas     Activos financieros:  El Grupo da de baja en cuentas un activo financiero cuando expiran los derechos contractuales sobre los flujos de efectivo del activo financiero, o cuando transfiere los derechos a recibir los flujos de efectivo con- tractuales en una transacci\u00f3n en la que se transfieren sustancialmente todos los riesgos y beneficios de la propiedad del activo financiero o no transfiere ni retiene sustancialmente todos los riesgos y beneficios rela- cionados con la propiedad y no retiene control sobre los activos transferidos.    Pasivos financieros:  El Grupo da de baja en cuentas un pasivo financiero cuando sus obligaciones contractuales son pagadas o canceladas, o bien hayan expirado. El Grupo tambi\u00e9n da de baja en cuentas un pasivo financiero cuando se modifican sus condiciones y los flujos de efectivo del pasivo modificado son sustancialmente distintos. En este caso, se reconoce un nuevo pasivo financiero con base en las condiciones nuevas al valor razonable. En el momento de la baja en cuentas de un pasivo financiero, la diferencia entre el importe en libros del pasivo financiero extinto y la contraprestaci\u00f3n pagada (incluidos los activos transferidos que no son en efec- tivo o los pasivos asumidos) se reconoce en resultados. h)  Existencias   Las existencias de materiales y repuestos se valorar\u00e1n a su coste de adquisici\u00f3n, determinado mediante el m\u00e9todo del precio medio ponderado o valor neto realizable, si \u00e9ste fuese menor.   El coste de adquisici\u00f3n comprende el valor de compra, los aranceles de importaci\u00f3n y otros impuestos (que no sean recuperables), los transportes, el almacenamiento y otros costes directamente atribuibles a la adqui- sici\u00f3n de los materiales o los servicios. Los descuentos comerciales, las rebajas y otras partidas similares se deducir\u00e1n para determinar el coste de adquisici\u00f3n.  En caso de que para la adquisici\u00f3n de estas existencias se haya acudido a financiaci\u00f3n, el gasto incurrido podr\u00e1 reconocerse como mayor coste de las existencias hasta el momento en el que estos activos est\u00e9n sustancialmente preparados para su utilizaci\u00f3n o venta si procediese.  Al final de cada ejercicio se realizar\u00e1 una evaluaci\u00f3n del valor neto realizable de las existencias, registr\u00e1ndose correcciones de valor como un gasto en la Cuenta de resultados consolidada, cuando su coste excede a su valor de mercado o cuando existan dudas sobre su utilizaci\u00f3n. En caso de que las circunstancias que causen esta disminuci\u00f3n dejen de existir o cuando exista clara evidencia de incremento en el valor neto realizable debido a un cambio en las circunstancias econ\u00f3micas, se proceder\u00e1 a revertir el importe de la misma y a reconocer como ingreso en la Cuenta de resultados consolidada esta recuperaci\u00f3n. i)  Deterioro del valor de los activos     Activos financieros  Para el c\u00e1lculo del deterioro se aplica el enfoque general de c\u00e1lculo de la p\u00e9rdida esperada a sus activos financieros distintos a las cuentas por cobrar comerciales para las que se aplicar\u00e1 el enfoque simplificado que establece la NIIF 9, el cual mide la correcci\u00f3n de valor por p\u00e9rdidas a un importe igual a las p\u00e9rdidas crediticias esperadas durante todo el tiempo de vida del activo.  Para determinar si un activo financiero ha experimentado un empeoramiento significativo en su riesgo credi- ticio desde su reconocimiento inicial, o para estimar las p\u00e9rdidas crediticias esperadas durante todo el tiempo de vida del activo, el Grupo considera toda la informaci\u00f3n razonable y sustentable que sea relevante y que est\u00e9 disponible sin esfuerzo o coste desproporcionado. Esto incluye tanto informaci\u00f3n cuantitativa como cua- litativa, basada en la experiencia del Grupo o de otras entidades sobre p\u00e9rdidas crediticias hist\u00f3ricas, e infor- maci\u00f3n de mercado observable sobre el riesgo crediticio del instrumento financiero concreto o instrumentos financieros similares. El Grupo asume que el riesgo de cr\u00e9dito de un activo financiero se ha incrementado significativamente si la mora es superior a 30 d\u00edas. Asimismo, adopta la presunci\u00f3n de impago para un activo financiero que se encuentre en mora superior a 90 d\u00edas, salvo que se tenga informaci\u00f3n razonable y funda- mentada que demuestre la recuperabilidad del cr\u00e9dito.  El Grupo considera que un instrumento de deuda tiene riesgo bajo cuando su calificaci\u00f3n crediticia, es de al menos \u201cgrado de inversi\u00f3n\u201d en alguna de las agencias de rating de reconocido prestigio. El periodo m\u00e1ximo a lo largo del cual se estiman las p\u00e9rdidas crediticias esperadas es el m\u00e1ximo periodo contractual al que se est\u00e1 expuesto.  La NIIF 9 define el enfoque general de la p\u00e9rdida de cr\u00e9dito esperada como el promedio ponderado de las p\u00e9rdidas crediticias con los riesgos respectivos de que ocurra un incumplimiento como ponderadores. Las p\u00e9rdidas crediticias se miden como la diferencia entre todos los flujos de efectivo contractuales a que se tiene derecho de acuerdo con el contrato y todos los flujos de efectivo que la entidad espera recibir (es decir, todos los d\u00e9ficits de efectivo) descontados a la tasa de inter\u00e9s efectiva original.  A grandes rasgos, la p\u00e9rdida esperada se basa en la siguiente f\u00f3rmula:   EAD (Exposure at Default) x PD (Probability of Default) x LGD (Loss Given Default) x DF (Discount factor).   Donde EAD es la exposici\u00f3n al riesgo y se medir\u00eda por los saldos contables (saldos pendientes de recibir un flujo de efectivo u otro activo financiero) minorado en su caso por los pagos anticipados y cualquier garant\u00eda o aval otorgada por el cliente. PD es la probabilidad de impago. LGD es la p\u00e9rdida que se tendr\u00eda en caso de impago del deudor, y se calcular\u00eda como (1 \u2013 la tasa de recuperaci\u00f3n). La tasa de recuperaci\u00f3n depende de las garant\u00edas espec\u00edficas del cr\u00e9dito o pr\u00e9stamo. DF es el valor temporal del dinero.  Siguiendo una jerarqu\u00eda de acuerdo con la NIIF 13 desde las variables m\u00e1s observables a menos observa- bles, se utilizan los siguientes m\u00e9todos:  o  Si el deudor tiene permutas por incumplimiento de cr\u00e9dito (Credit Default Swaps -CDS) cotizados, ge- neralmente la probabilidad de impago se obtiene del CDS, dado que es la medida de cr\u00e9dito de mer- cado m\u00e1s  objetiva  sobre  la  probabilidad  de  impago  de  una  sociedad en  un  momento concreto  del tiempo.  o  Si el deudor no tiene CDS cotizados, se selecciona el rating de la compa\u00f1\u00eda por cada una de las agen- cias de calificaci\u00f3n crediticia que hayan emitido un informe, a partir del cual se realizar\u00e1 el c\u00e1lculo de la probabilidad de impago.   o  Si el deudor  no tiene rating,  una posibilidad es calcular un rating te\u00f3rico comparando los ratios del deudor con los ratios de otras empresas que s\u00ed tienen rating.  Las provisiones por deterioro de los activos financieros medidos a coste amortizado son deducidas del im- porte bruto en libros de dichos activos.  Las p\u00e9rdidas por deterioro relacionadas con cr\u00e9ditos comerciales y otras cuentas a cobrar, incluidos en su caso los activos contractuales bajo NIIF 15, son presentadas en la Cuenta de resultados consolidada.    Activos no financieros  Las sociedades del Grupo siguen el criterio de analizar la recuperabilidad de sus activos a la fecha de cierre de cada ejercicio y siempre que alg\u00fan suceso o cambio en las circunstancias indique que el importe contabi- lizado puede no ser recuperable. En concreto para los activos de vida \u00fatil indefinida se realiza con una perio- dicidad al menos anual y para el resto de activos siempre y cuando existan indicios de deterioro.  Si el importe recuperable de un activo es inferior a su importe registrado en libros, entonces se entiende que se ha producido un deterioro del valor del activo, que debe ser reconocido contablemente como una p\u00e9rdida de valor por deterioro, imputando dicha p\u00e9rdida a la Cuenta de resultados consolidada. As\u00ed, la p\u00e9rdida por deterioro es la diferencia existente entre el valor en libros de un activo y su valor recuperable. El valor recu- perable de los activos es el mayor entre su valor razonable menos los costes de enajenaci\u00f3n o disposici\u00f3n por otra v\u00eda y su valor en uso.  El c\u00e1lculo  del valor en uso se realiza en base a flujos de efectivo futuros esperados.Las p\u00e9rdidas por deterioro reconocidas en un activo en ejercicios anteriores son revertidas cuando se produce un cambio en las estimaciones sobre su importe recuperable, aumentando el valor del activo con abono a resultados con el l\u00edmite del valor en libros que el activo hubiera tenido de no haberse realizado el deterioro. Las p\u00e9rdidas por deterioro de fondos de comercio no son objeto de reversi\u00f3n en periodos posteriores.  El c\u00e1lculo del deterioro se realiza para los activos individuales. Si no fuera posible la estimaci\u00f3n del valor recuperable del activo individual se determinar\u00e1 el valor recuperable de la Unidad Generadora de Efectivo (UGE) a la que pertenece dicho activo.  El Grupo tiene Unidades Generadoras de Efectivo (UGEs) que  son el grupo  identificable de activos m\u00e1s peque\u00f1o capaz de generar entradas de efectivo que sean, en buena medida, independientes de los flujos de efectivo derivados de otros activos o grupos de activos. Las UGEs identificadas son las relacionadas con el transporte de energ\u00eda el\u00e9ctrica (en Espa\u00f1a, Per\u00fa, Chile, Brasil) y las telecomunicaciones asociadas al negocio satelital y al negocio de fibra \u00f3ptica).  El Grupo realiza tests de deterioro cuando observa indicios, tales como cambios en la regulaci\u00f3n sectorial, modificaciones en los planes de inversi\u00f3n o en la evoluci\u00f3n de los negocios y otros par\u00e1metros que pudieran poner de manifiesto el potencial deterioro de valor  de los activos no financieros sujetos a amortizaci\u00f3n o depreciaci\u00f3n. Para el c\u00e1lculo del deterioro el Grupo verifica que el importe recuperable de cada Unidad Ge- neradora de Efectivo (UGE) a la que est\u00e1n asociados los activos o de activos individuales, es superior a su valor neto contable.   En caso contrario se reconoce en la Cuenta de resultados consolidada una p\u00e9rdida por deterioro por la dife- rencia entre ambos con cargo al ep\u00edgrafe Deterioro y resultado por enajenaci\u00f3n de Inmovilizado hasta el l\u00edmite mayor entre los siguientes: (i) su valor razonable minorado por los costes necesarios para su venta y (ii) su valor en uso.   j)  Capital social, acciones propias y dividendos  El Capital social est\u00e1 representado por acciones ordinarias. Los costes de emisi\u00f3n de nuevas acciones, netos de impuestos, se deducen del Patrimonio.   Las acciones propias se valoran a su coste de adquisici\u00f3n y se presentan minorando la cifra de Patrimonio en el Estado de situaci\u00f3n financiera consolidado. Cualquier ganancia o p\u00e9rdida obtenida en la compra, venta, emisi\u00f3n o amortizaci\u00f3n de acciones propias, se reconoce directamente en Patrimonio neto.  El dividendo a cuenta minora el Patrimonio neto del ejercicio a que corresponde dicho dividendo, en base al acuerdo del Consejo de Administraci\u00f3n. El dividendo complementario no se deduce del Patrimonio neto hasta la aprobaci\u00f3n por la Junta General de Accionistas correspondiente.  k)  Subvenciones y otros  Las Subvenciones oficiales de capital no reintegrables concedidas por diferentes organismos oficiales y otras asimilables cuya finalidad es la financiaci\u00f3n de bienes de inmovilizado propiedad del Grupo se registran una vez realizadas las inversiones correspondientes.  El Grupo sigue el criterio de imputar a resultados de cada ejercicio, en el ep\u00edgrafe Imputaci\u00f3n de subvenciones de inmovilizado no financiero y otras, las mencionadas subvenciones durante el periodo en el que se amorti- zan los bienes de inmovilizado por los cuales las sociedades las han percibido. Para aquellos casos en que la subvenci\u00f3n se otorga en funci\u00f3n de unidades de producto vendidas y que forma parte del precio de venta de los bienes y servicios, su importe estar\u00e1 integrado en el Importe neto de la cifra de negocios a las que afecta.  Las deducciones del impuesto sobre las ganancias concedidas por Administraciones P\u00fablicas como una mi- noraci\u00f3n de la cuota de dicho impuesto que en sustancia tengan la consideraci\u00f3n de subvenciones oficiales de capital, se reconocen mediante la aplicaci\u00f3n de los criterios generales aplicables a las subvenciones ofi- ciales de capital descritos. l)  Pasivos por contratos  Los pasivos por contratos no corrientes procedentes, en general, de contratos o compromisos plurianuales se imputan a resultados en el ep\u00edgrafe Importe neto de la cifra de negocio, seg\u00fan proceda, a lo largo del periodo de vigencia de dichos contratos o compromisos. m)  Provisiones     Prestaciones a los empleados   o  Obligaciones por pensiones  El Grupo tiene planes de aportaciones definidas, que son planes que definen el importe de la prestaci\u00f3n que recibir\u00e1 un empleado en el momento de su jubilaci\u00f3n, normalmente en funci\u00f3n de uno o m\u00e1s factores como la edad, rentabilidad del fondo, a\u00f1os de servicio o remuneraci\u00f3n. Un plan de aportaciones definidas es un plan de pensiones bajo el cual el Grupo paga aportaciones fijas a una entidad separada y no tiene ninguna obligaci\u00f3n, ni legal ni impl\u00edcita, de realizar aportaciones adicionales si el fondo no posee activos suficientes para pagar a todos los empleados las prestaciones relacionadas con los servicios prestados en el ejercicio corriente y en ejercicios anteriores. Las aportaciones se reconocen como prestaciones a los empleados cuando se devengan.  o  Otras prestaciones a largo plazo   Otras prestaciones a largo plazo a los empleados incluyen los planes de prestaci\u00f3n definida distintos de planes de pensiones, tales como seguro m\u00e9dico, a parte de los empleados activos y jubilados del Grupo. Los costes esperados de estas prestaciones se reconocen durante la vida laboral de los empleados y se recogen en el ep\u00edgrafe de Provisiones. Estas obligaciones se valoran anualmente por actuarios cualifica- dos independientes. Los cambios en las hip\u00f3tesis actuariales se reconocen, netos de impuestos, en el Patrimonio neto como Reservas en el ejercicio en el que se producen y el coste de los servicios pasados se reconoce en la Cuenta de resultados consolidada.  Asimismo, en este ep\u00edgrafe se incluyen los programas de retribuci\u00f3n a largo plazo que son aprobados por los \u00f3rganos competentes en cada una de las Sociedades del Grupo (v\u00e9ase nota 16).  En 2015 la Comisi\u00f3n de Nombramientos y Retribuciones del Grupo aprob\u00f3 la puesta en marcha de un Plan de Gesti\u00f3n Estructural (en adelante el \u201cPlan\u201d) que ser\u00e1 de aplicaci\u00f3n a una parte del equipo directivo, con el objetivo de gestionar el relevo y gesti\u00f3n de las posiciones directivas afectadas por el mismo, de una forma ordenada y eficiente. Los directivos afectados por este Plan, al alcanzar la edad fijada, tendr\u00e1n derecho a percibir una cantidad equivalente de hasta 3,5 anualidades, dependiendo de la categor\u00eda del directivo, de su retribuci\u00f3n fija y variable anual que tengan en el momento de abandonar el Grupo. La participaci\u00f3n en el Plan se  encuentra sujeta al cumplimiento de determinadas condiciones y el mismo podr\u00e1 ser modificado o revocado por el Grupo en determinados supuestos, entre los que se incluye una evoluci\u00f3n desfavorable de forma consecutiva de los resultados del Grupo (v\u00e9ase nota 16).     Otras provisiones  El Grupo dota provisiones para hacer frente a las obligaciones contra\u00eddas presentes ya sean legales o impl\u00ed- citas, que surjan como resultado de sucesos pasados, siempre que exista probabilidad de desprenderse de recursos para hacer frente a dichas obligaciones y que se pueda realizar una estimaci\u00f3n fiable del importe de las mismas. Su dotaci\u00f3n se efect\u00faa al nacimiento de la responsabilidad o de la obligaci\u00f3n. Asimismo, para aquellos procedimientos que son valorados con una probabilidad de ocurrencia inferior al 50%, no se realiza provisi\u00f3n al considerar que, la futura resoluci\u00f3n de estos procedimientos ser\u00e1 favorable.  Las provisiones se valoran por el valor actual de los desembolsos que se espera que ser\u00e1n necesarios para liquidar la obligaci\u00f3n usando una tasa libre de riesgo antes de impuestos, que refleje las evaluaciones del valor temporal del dinero actualizado. El incremento en la provisi\u00f3n con motivo del paso del tiempo se reco- noce como gasto financiero en la Cuenta de resultados consolidada. n)  Transacciones en moneda distinta del euro     Transacciones en moneda extranjera  Las transacciones en moneda extranjera son convertidas a la moneda funcional respectiva de las sociedades del Grupo en las fechas de las transacciones. Los activos y pasivos monetarios denominados en monedas extranjeras a la fecha de presentaci\u00f3n son reconvertidos a la moneda funcional a la tasa de cambio de esa fecha. Durante el ejercicio, las diferencias que se producen entre el tipo de cambio contabilizado y el que se encuentra en vigor a la fecha del cobro o pago, se registran con cargo o abono a la Cuenta de resultados consolidada.  Asimismo, la conversi\u00f3n de los valores de renta fija, as\u00ed como de los cr\u00e9ditos y d\u00e9bitos en moneda distinta del euro a 31 de diciembre de cada a\u00f1o se realizan al tipo de cambio de cierre. Las diferencias de valoraci\u00f3n producidas se registran con cargo o abono al ep\u00edgrafe Diferencias de cambio de la Cuenta de resultados consolidada, seg\u00fan sea su signo.   Aquellas operaciones realizadas en moneda extranjera en las que el Grupo ha decidido mitigar el riesgo de tipo de cambio mediante la contrataci\u00f3n de instrumentos financieros derivados u otros instrumentos de co- bertura se registran seg\u00fan los principios descritos en Instrumentos financieros derivados y operaciones de cobertura.     Operaciones en el extranjero  Los activos y pasivos de las operaciones en el extranjero se convierten a euros usando las tasas de cambio a la fecha de presentaci\u00f3n. Los ingresos y gastos de los negocios en el extranjero se convierten a euros usando las tasas de cambio a las fechas de las transacciones.  Las diferencias de conversi\u00f3n de moneda extranjera se reconocen en Otro resultado global y se presentan dentro del Patrimonio neto. o)  Instrumentos financieros derivados y operaciones de cobertura  El Grupo mantiene instrumentos financieros derivados para cubrir la exposici\u00f3n de riesgo en moneda extran- jera y tasa de inter\u00e9s. El Grupo designa ciertos derivados como instrumentos de cobertura para cubrir la variabilidad en los flujos de efectivo asociados con transacciones previstas altamente probables derivadas de cambios en las tasas de inter\u00e9s y tipo de cambio.   Al inicio de la cobertura, el Grupo designa y documenta formalmente las relaciones de cobertura, as\u00ed como el objetivo y la estrategia que asume con respecto a las mismas.   La contabilizaci\u00f3n de las operaciones de cobertura s\u00f3lo resulta de aplicaci\u00f3n cuando se espera que la cober- tura sea altamente eficaz al inicio de la cobertura y en los ejercicios siguientes para conseguir compensar los cambios en el valor razonable o en los flujos de efectivo atribuibles al riesgo cubierto, durante el periodo para el que se ha designado la misma.  Los instrumentos financieros derivados se registran inicialmente a su valor razonable en la fecha de contrato (coste de adquisici\u00f3n) en el Estado de situaci\u00f3n financiera consolidado y posteriormente se realizan las co- rrecciones valorativas necesarias para reflejar su valor razonable en cada momento. El m\u00e9todo para recono- cer la p\u00e9rdida o ganancia resultante depende de si el derivado se ha designado como un instrumento de cobertura y, si es as\u00ed, de la naturaleza de la partida que est\u00e1 cubriendo.   Cuando un instrumento de cobertura vence o se vende, o cuando no cumple los requisitos exigidos para su contabilizaci\u00f3n como cobertura, cualquier ganancia o p\u00e9rdida acumulada hasta ese momento en el Patrimo- nio neto permanece en el Patrimonio y dicha ganancia o p\u00e9rdida acumulada se registra inmediatamente en la Cuenta de resultados consolidada en la medida que se producen los cambios en los flujos de caja del elemento cubierto. Asimismo, se reconoce en la Cuenta de resultados consolidada la ganancia o p\u00e9rdida acumulada en el Patrimonio neto cuando se espera que la transacci\u00f3n prevista no se vaya a producir.  El Grupo reconoce en Otro resultado global las p\u00e9rdidas o ganancias procedentes de la valoraci\u00f3n a valor razonable del instrumento de cobertura que corresponden a la parte que se haya identificado como cobertura eficaz. La parte de la cobertura que se considera ineficaz, as\u00ed como el componente espec\u00edfico de la p\u00e9rdida o ganancia o flujos de efectivo relacionados con el instrumento de cobertura, excluidos de la valoraci\u00f3n de la eficacia de la cobertura, se reconocen con cargo o abono a cuentas de gastos o ingresos financieros.  El componente separado de Otro resultado global asociado con la partida cubierta se ajusta al menor valor del resultado acumulado del instrumento de cobertura desde el inicio de la misma o al cambio acumulado en el valor razonable o valor actual de los flujos de efectivo futuros esperados de la partida cubierta desde el inicio de la cobertura. No obstante, si el Grupo no espera que la totalidad o parte de una p\u00e9rdida reconocida en Otro resultado global va a ser recuperada en uno o m\u00e1s ejercicios futuros, el importe que no se va a recuperar se reclasifica a resultados como ingresos o gastos financieros.  El valor razonable de los instrumentos financieros derivados utilizados a efectos de cobertura se muestra en la nota 20. Los movimientos dentro del Patrimonio neto se muestran en la nota 14. p)  Medici\u00f3n a valor razonable  El valor razonable es el precio que ser\u00eda recibido por vender un activo o pagado por transferir un pasivo en una transacci\u00f3n ordenada entre participantes del mercado en la fecha de medici\u00f3n, independientemente de si ese precio es directamente observable o estimado utilizando otra t\u00e9cnica de valoraci\u00f3n.  Las valoraciones a valor razonable, de los activos y pasivos financieros, se clasifican utilizando una jerarqu\u00eda que refleja la relevancia de las variables utilizadas para llevar a cabo dichas valoraciones. Esta jerarqu\u00eda consta de tres niveles:     Nivel 1: Valoraciones basadas en el precio de cotizaci\u00f3n de instrumentos id\u00e9nticos en un mercado activo.     Nivel 2: Valoraciones basadas en variables que sean observables para el activo o pasivo.     Nivel 3: Valoraciones basadas en variables que no est\u00e9n sustentadas en datos de mercado observables.  Si no existe un precio cotizado en un mercado activo, el Grupo usa t\u00e9cnicas de valoraci\u00f3n que maximizan el uso de datos de entrada observables relevantes y minimizan el uso de datos de entrada no observables. M\u00e1s concretamente y para los diferentes instrumentos financieros derivados no negociables en mercados organi- zados,  el  Grupo  establece  el  valor  razonable  empleando  t\u00e9cnicas  de  valoraci\u00f3n  que  incluyen  el  uso  de transacciones libres recientes entre partes interesadas y debidamente informadas, referidas a otros instru- mentos sustancialmente iguales, el an\u00e1lisis  de flujos de efectivo descontados  a los tipos de inter\u00e9s y de cambio de mercado vigentes a la fecha de presentaci\u00f3n y modelos de fijaci\u00f3n de precios de opciones mejo- rados para reflejar las circunstancias concretas del emisor. q)  Acreedores comerciales  Los acreedores se reconocen inicialmente a su valor razonable y posteriormente se valoran por su coste amortizado utilizando el m\u00e9todo del tipo de inter\u00e9s efectivo. Los acreedores con vencimiento inferior al a\u00f1o y que no tengan un tipo de inter\u00e9s contractual, cuyo importe se espera pagar en el corto plazo, se valoran por su valor nominal.  r)  Ingresos y gastos  Los ingresos ordinarios se registran al valor razonable de las contraprestaciones recibidas o por recibir deri- vados de los mismos. Los ingresos ordinarios se reconocen seg\u00fan el patr\u00f3n de transferencia de bienes y servicios a los clientes por un importe que refleja la contraprestaci\u00f3n que la entidad espera tener derecho a cambio de dichos bienes y servicios.   La mayor parte de los ingresos ordinarios del Grupo corresponden a los ingresos regulados de las actividades de transporte y operaci\u00f3n del sistema en Espa\u00f1a (v\u00e9ase notas 3, 24 y 28). La filial del Grupo, Red El\u00e9ctrica de Espa\u00f1a, S.A.U. (Red El\u00e9ctrica), es la compa\u00f1\u00eda designada para llevar a cabo, en exclusiva, las actividades de transporte el\u00e9ctrico y operaci\u00f3n del sistema, ambas actividades reguladas por la Ley 24/2013 del Sector El\u00e9ctrico. En dicha norma, desarrollada posteriormente a trav\u00e9s del Real Decreto 1047/2013 y por las Circu- lares aprobadas en 2019 por la CNMC, \u00e9sta establece anualmente el ingreso a percibir (retribuci\u00f3n) de ambas actividades con la finalidad de cubrir los servicios que, de forma ininterrumpida, a lo largo del ejercicio, presta Red El\u00e9ctrica a los consumidores y al resto de agentes que participan en el Sector El\u00e9ctrico.   La obligaci\u00f3n derivada de la prestaci\u00f3n del servicio de transporte de electricidad se  considera una \u00fanica obligaci\u00f3n de desempe\u00f1o por lo que el precio total se asigna \u00edntegramente a dicha obligaci\u00f3n. Igualmente, las obligaciones jur\u00eddicas incluidas dentro de la propia obligaci\u00f3n de operador del sistema de energ\u00eda el\u00e9c- trica, se entiende que se engloban dentro de la \u00fanica obligaci\u00f3n de desempe\u00f1o identificada como \u201cpropor- cionar el servicio de operaci\u00f3n del sistema el\u00e9ctrico\u201d. En consecuencia, el reconocimiento de ingresos de las obligaciones de desempe\u00f1o de Transporte y Operaci\u00f3n del Sistema se realiza a lo largo del tiempo, lineal- mente, para cada ejercicio.   Los ingresos asociados al negocio de telecomunicaciones provienen fundamentalmente de:      contratos de prestaci\u00f3n de servicios de arrendamiento de capacidad satelital con diferentes clientes del sector de las telecomunicaciones los cuales se consideran una obligaci\u00f3n de desempe\u00f1o cuyo ingreso se registra linealmente a lo largo del tiempo seg\u00fan se va prestando el servicio al cliente.    contratos de cesi\u00f3n del uso de fibra \u00f3ptica troncal y cable cedido a diferentes clientes del sector de las telecomunicaciones, as\u00ed como de la prestaci\u00f3n de servicios a los mismos, los cuales se consideran una \u00fanica obligaci\u00f3n de desempe\u00f1o. El ingreso de estos contratos se registra a lo largo del tiempo, seg\u00fan se va prestando el servicio al cliente.  Si surgieran circunstancias que modificaran las estimaciones iniciales de ingresos ordinarios, se procede a revisar dichas estimaciones. Las revisiones podr\u00edan dar lugar a aumentos o disminuciones en los ingresos y se reflejar\u00edan en la cuenta de resultados en el periodo en el que las circunstancias que han motivado dichas revisiones sean conocidas y acordadas entre las partes.  Los ingresos por intereses se reconocen usando el m\u00e9todo del tipo de inter\u00e9s efectivo.  Los ingresos por dividendos se reconocen cuando se establece el derecho a recibir el cobro. s)  Situaci\u00f3n fiscal  El gasto (ingreso) por impuesto sobre las ganancias comprende tanto el corriente como el impuesto diferido. Los impuestos, tanto si son del ejercicio corriente como si son diferidos, son reconocidos como gasto o in- greso e incluidos en la determinaci\u00f3n de la ganancia o p\u00e9rdida neta del ejercicio, excepto si han surgido de una transacci\u00f3n que se ha reconocido en el mismo ejercicio, cargando o abonando directamente al Patrimo- nio neto, o de una combinaci\u00f3n de negocios.  El impuesto corriente es el que se estima pagar en el ejercicio, utilizando los tipos impositivos aprobados, correspondientes al ejercicio presente y a cualquier ajuste de impuesto a pagar relativo a ejercicios anterio- res.  Las deducciones de la cuota y las bonificaciones del impuesto sobre las ganancias originadas por hechos econ\u00f3micos acontecidos en el ejercicio minoran el gasto devengado por el Impuesto sobre las ganancias, salvo que existan dudas sobre su realizaci\u00f3n.  Los impuestos diferidos y el gasto por impuesto sobre las ganancias se calculan y contabilizan conforme al m\u00e9todo del pasivo,  sobre  las diferencias temporarias surgidas  entre los saldos reconocidos a efectos  de informaci\u00f3n financiera y los usados a efectos fiscales. Este m\u00e9todo consiste en la determinaci\u00f3n de los im- puestos diferidos activos  y  pasivos  en  funci\u00f3n de  las diferencias entre el valor en libros de los activos y pasivos y su base fiscal, utilizando las tasas fiscales que se espere objetivamente que est\u00e9n en vigor cuando los activos y pasivos se realicen.  Los Activos por impuestos diferidos se reconocen en la medida en que es probable que vaya a disponerse de beneficios fiscales futuros con los que poder compensar las diferencias temporarias.  Se reconocen impuestos diferidos sobre las diferencias temporarias que surgen en inversiones en Socieda- des dependientes y asociadas, excepto en aquellos casos en que el Grupo pueda controlar la fecha en que revertir\u00e1n las diferencias temporarias y sea probable que \u00e9stas no vayan a revertir en un futuro previsible.  El gasto devengado por impuesto sobre sociedades, de las sociedades que se encuentran en r\u00e9gimen de declaraci\u00f3n consolidada, se determina teniendo en cuenta, adem\u00e1s de los par\u00e1metros a considerar en caso de tributaci\u00f3n individual expuestos anteriormente, los siguientes:     Las diferencias temporarias y permanentes producidas como consecuencia de la eliminaci\u00f3n de resulta- dos por operaciones entre sociedades del Grupo, derivada del proceso de determinaci\u00f3n de la base im- ponible consolidada.     Las deducciones y bonificaciones que corresponden a cada sociedad del Grupo Fiscal en el r\u00e9gimen de declaraci\u00f3n consolidada; a estos efectos, las deducciones y bonificaciones se imputar\u00e1n a la sociedad que realiz\u00f3 la actividad u obtuvo el rendimiento necesario para obtener el derecho a la deducci\u00f3n o bonificaci\u00f3n fiscal.     Las diferencias temporarias derivadas de las eliminaciones de resultados entre las empresas del Grupo Fiscal se reconocen en la sociedad que ha generado el resultado y se valoran por el tipo impositivo apli- cable a la misma.     La Sociedad dominante del Grupo registra el importe total a pagar (a devolver) por el Impuesto sobre Sociedades consolidado con cargo (abono) a Cr\u00e9ditos (Deudas) con empresas del grupo y asociadas.    El importe de la deuda (cr\u00e9dito) correspondiente a las sociedades dependientes se registra con abono (cargo) a Deudas (Cr\u00e9ditos) con empresas del grupo y asociadas.  Si el Grupo determina que no es probable que la autoridad fiscal vaya a aceptar un tratamiento fiscal incierto o un grupo de tratamientos fiscales inciertos, considera dicha incertidumbre en la determinaci\u00f3n de la base imponible, bases fiscales, cr\u00e9ditos por bases imponibles negativas, deducciones o tipos impositivos. En aque- llos casos en los que el activo o el pasivo por impuesto calculado con estos criterios, excede del importe presentado en las autoliquidaciones, \u00e9ste se presenta en el estado de situaci\u00f3n financiera consolidado. El Grupo registra los cambios en hechos y circunstancias sobre las incertidumbres fiscales como un cambio de estimaci\u00f3n.  El Grupo s\u00f3lo compensa los activos y pasivos por impuesto sobre las ganancias diferidos si existe un derecho legal de compensaci\u00f3n frente a las autoridades fiscales y dichos activos y pasivos corresponden a la misma autoridad fiscal, y al mismo sujeto pasivo o bien a diferentes sujetos pasivos que pretenden liquidar o realizar los activos y pasivos fiscales corrientes por su importe neto o realizar los activos y liquidar los pasivos simul- t\u00e1neamente, en cada uno de los ejercicios futuros en los que se espera liquidar o recuperar importes signifi- cativos de activos o pasivos por impuestos diferidos.  t)  Beneficios por acci\u00f3n  El Beneficio b\u00e1sico por acci\u00f3n se calcula como el cociente entre el beneficio neto del per\u00edodo atribuible a la Sociedad dominante y el n\u00famero medio ponderado de acciones ordinarias en circulaci\u00f3n durante dicho pe- r\u00edodo, sin considerar el n\u00famero medio de acciones propias mantenidas durante el ejercicio.   En el caso de las cuentas anuales consolidadas del Grupo a 31 de diciembre de 2022 y 2021, los beneficios b\u00e1sicos por acci\u00f3n coinciden con los diluidos, dado que no han existido operaciones durante dichos ejercicios que pudieran hacer variar esta cifra. u)  Seguros  Las compa\u00f1\u00edas del Grupo tienen suscritas diversas p\u00f3lizas de seguro para cubrir los riesgos a los que est\u00e1n sometidas las sociedades por el ejercicio de sus actividades. Estos riesgos est\u00e1n principalmente relacionados con los da\u00f1os que pudieran sufrir las instalaciones de las sociedades del Grupo y a las posibles reclamacio- nes de terceros que puedan surgir por el desarrollo de sus actividades. Los gastos e ingresos por primas de seguros se reconocen en la Cuenta de resultados consolidada de acuerdo con un criterio de devengo. Los ingresos a recuperar de las compa\u00f1\u00edas de seguros derivados de los siniestros se registran en la Cuenta de resultados consolidada cuando son exigibles. v)  Medioambiente  Los gastos derivados de las actuaciones empresariales encaminadas a la protecci\u00f3n y mejora del medioam- biente se contabilizan como gasto del ejercicio en que se incurren. Cuando suponen incorporaciones al In- movilizado material cuyo fin sea la minimizaci\u00f3n del impacto medioambiental y la protecci\u00f3n y mejora del medioambiente, se contabilizan como mayor valor del inmovilizado.  w)  Pagos basados en acciones   El Grupo ha implantado planes de adquisici\u00f3n de acciones por los cuales sus empleados tienen la posibilidad de recibir acciones de la Sociedad matriz como parte de su retribuci\u00f3n anual. La valoraci\u00f3n derivada de dicha retribuci\u00f3n se realiza de acuerdo con el precio de cierre de la cotizaci\u00f3n de las acciones en la fecha de entrega de las mismas. El gasto derivado de este plan se registra en el ep\u00edgrafe Gastos de personal de la Cuenta de resultados consolidada. Todas las acciones entregadas proceden de la autocartera de la Sociedad matriz.  x)  Activos y Pasivos Contingentes  Los activos contingentes no son objeto de reconocimiento en los estados financieros puesto que ello podr\u00eda significar el reconocimiento de un ingreso que quiz\u00e1 no sea nunca objeto de realizaci\u00f3n, excepto en combi- naciones de negocios en la medida que representan activos indemnizatorios. Los activos contingentes son objeto de evaluaci\u00f3n de forma continuada, con el fin de asegurar que su evoluci\u00f3n se refleja apropiadamente en los estados financieros. En el caso de que la entrada de beneficios econ\u00f3micos pase a ser pr\u00e1cticamente cierta, se proceder\u00e1 al reconocimiento del ingreso y del activo en los estados financieros del periodo en el que dicho cambio haya tenido lugar. Los pasivos contingentes no son objeto de reconocimiento en los estados financieros, excepto en combina- ciones de negocios en la medida en que representen obligaciones presentes que surjan de sucesos pasados y su valor razonable pueda ser medido con fiabilidad. Estos pasivos son objeto de reconsideraci\u00f3n continua y en caso de estimarse probable, para una partida tratada anteriormente como pasivo contingente, la salida de recursos econ\u00f3micos en el futuro, se reconocer\u00eda la correspondiente provisi\u00f3n en los estados financieros del periodo en el que ha ocurrido el cambio en la probabilidad de ocurrencia. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-539": {
   "value": "a)  Combinaciones de negocios  El Grupo contabiliza las combinaciones de negocios utilizando el m\u00e9todo de adquisici\u00f3n cuando se transfiere el control al Grupo. La fecha de adquisici\u00f3n es aquella en la que el Grupo obtiene el control del negocio adquirido. La contraprestaci\u00f3n entregada por la combinaci\u00f3n de negocios se determina en la fecha de adqui- sici\u00f3n por la suma de los valores razonables de los activos entregados, los pasivos incurridos o asumidos, los instrumentos de Patrimonio neto emitidos y cualquier contraprestaci\u00f3n contingente que dependa de he- chos futuros o del cumplimiento de ciertas condiciones a cambio del control del negocio adquirido. La contra- prestaci\u00f3n entregada, excluye cualquier desembolso que no forma parte del intercambio por el negocio ad- quirido. Los costes relacionados con la adquisici\u00f3n se reconocen como gasto a medida que se incurren. Para cada combinaci\u00f3n de negocios, el Grupo valora en la fecha de adquisici\u00f3n, los componentes de las participaciones no dominantes en la entidad adquirida que constituyen participaciones de propiedad actuales y otorguen a sus tenedores derecho a una parte proporcional de los activos netos de la entidad en caso de liquidaci\u00f3n, bien por: (a) el valor razonable; bien por (b) la parte proporcional que los instrumentos de propie- dad actuales representen en los importes reconocidos de los activos netos identificables de la adquirida.  El Grupo reconoce en la fecha de adquisici\u00f3n los activos adquiridos, los pasivos asumidos y cualquier parti- cipaci\u00f3n no dominante por la parte proporcional de los activos netos adquiridos. Este criterio s\u00f3lo es aplicable, para las participaciones no dominantes que otorguen un acceso presente a los beneficios econ\u00f3micos y el derecho a la parte proporcional de los activos netos de la entidad adquirida en caso de liquidaci\u00f3n. En caso contrario, las participaciones no dominantes se valoran por su valor razonable o el valor basado en condicio- nes de mercado. Los pasivos asumidos incluyen los pasivos contingentes en la medida en que representen obligaciones presentes que surjan de sucesos pasados y su valor razonable pueda ser medido con fiabilidad. Asimismo, el Grupo reconoce los activos por indemnizaci\u00f3n otorgados por el vendedor al mismo tiempo y siguiendo los mismos criterios de valoraci\u00f3n de la partida objeto de indemnizaci\u00f3n del negocio adquirido, considerando en su caso el riesgo de insolvencia y cualquier limitaci\u00f3n contractual sobre el importe indemni- zado. El exceso existente entre la contraprestaci\u00f3n entregada, m\u00e1s el valor asignado a las participaciones no do- minantes y el importe neto de los activos adquiridos y los pasivos asumidos, se  registra como Fondo de comercio. En su caso, el defecto, despu\u00e9s de evaluar el importe de la contraprestaci\u00f3n entregada, el valor asignado a las participaciones no dominantes y la identificaci\u00f3n y valoraci\u00f3n de los activos netos adquiridos se reconoce en una partida separada de la Cuenta de resultados consolidada.   Si la combinaci\u00f3n de negocios s\u00f3lo se puede determinar de forma provisional, los activos netos identificables se registran inicialmente por sus valores provisionales, reconociendo los ajustes efectuados durante el pe- riodo de valoraci\u00f3n como si \u00e9stos se hubieran conocido en la fecha de adquisici\u00f3n, re-expresando, en su caso, las cifras comparativas del ejercicio anterior. En cualquier caso, los ajustes a los valores provisionales \u00fanicamente incorporan informaci\u00f3n relativa a los hechos y circunstancias que exist\u00edan en la fecha de adqui- sici\u00f3n y que, de haber sido conocidos, hubieran afectado a los importes reconocidos en dicha fecha.  Transcurrido el periodo de un a\u00f1o, s\u00f3lo se realizan ajustes a la valoraci\u00f3n inicial por una correcci\u00f3n de error.    Fondo de Comercio  El fondo de comercio se determina siguiendo los criterios expuestos en el apartado de combinaciones de negocios. El fondo de comercio no se amortiza, sino que se comprueba su deterioro con una periodicidad anual o con anterioridad, si existen indicios de una potencial p\u00e9rdida del valor del activo. Despu\u00e9s del reco- nocimiento inicial, el fondo de comercio se valora por su coste menos las p\u00e9rdidas por deterioro de valor acumuladas si las hubiera. El fondo de comercio generado internamente no se reconoce como un activo.  ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-594": {
   "value": "a)  Combinaciones de negocios  El Grupo contabiliza las combinaciones de negocios utilizando el m\u00e9todo de adquisici\u00f3n cuando se transfiere el control al Grupo. La fecha de adquisici\u00f3n es aquella en la que el Grupo obtiene el control del negocio adquirido. La contraprestaci\u00f3n entregada por la combinaci\u00f3n de negocios se determina en la fecha de adqui- sici\u00f3n por la suma de los valores razonables de los activos entregados, los pasivos incurridos o asumidos, los instrumentos de Patrimonio neto emitidos y cualquier contraprestaci\u00f3n contingente que dependa de he- chos futuros o del cumplimiento de ciertas condiciones a cambio del control del negocio adquirido. La contra- prestaci\u00f3n entregada, excluye cualquier desembolso que no forma parte del intercambio por el negocio ad- quirido. Los costes relacionados con la adquisici\u00f3n se reconocen como gasto a medida que se incurren. Para cada combinaci\u00f3n de negocios, el Grupo valora en la fecha de adquisici\u00f3n, los componentes de las participaciones no dominantes en la entidad adquirida que constituyen participaciones de propiedad actuales y otorguen a sus tenedores derecho a una parte proporcional de los activos netos de la entidad en caso de liquidaci\u00f3n, bien por: (a) el valor razonable; bien por (b) la parte proporcional que los instrumentos de propie- dad actuales representen en los importes reconocidos de los activos netos identificables de la adquirida.  El Grupo reconoce en la fecha de adquisici\u00f3n los activos adquiridos, los pasivos asumidos y cualquier parti- cipaci\u00f3n no dominante por la parte proporcional de los activos netos adquiridos. Este criterio s\u00f3lo es aplicable, para las participaciones no dominantes que otorguen un acceso presente a los beneficios econ\u00f3micos y el derecho a la parte proporcional de los activos netos de la entidad adquirida en caso de liquidaci\u00f3n. En caso contrario, las participaciones no dominantes se valoran por su valor razonable o el valor basado en condicio- nes de mercado. Los pasivos asumidos incluyen los pasivos contingentes en la medida en que representen obligaciones presentes que surjan de sucesos pasados y su valor razonable pueda ser medido con fiabilidad. Asimismo, el Grupo reconoce los activos por indemnizaci\u00f3n otorgados por el vendedor al mismo tiempo y siguiendo los mismos criterios de valoraci\u00f3n de la partida objeto de indemnizaci\u00f3n del negocio adquirido, considerando en su caso el riesgo de insolvencia y cualquier limitaci\u00f3n contractual sobre el importe indemni- zado. En su caso, el defecto, despu\u00e9s de evaluar el importe de la contraprestaci\u00f3n entregada, el valor asignado a las participaciones no dominantes y la identificaci\u00f3n y valoraci\u00f3n de los activos netos adquiridos se reconoce en una partida separada de la Cuenta de resultados consolidada.   Si la combinaci\u00f3n de negocios s\u00f3lo se puede determinar de forma provisional, los activos netos identificables se registran inicialmente por sus valores provisionales, reconociendo los ajustes efectuados durante el pe- riodo de valoraci\u00f3n como si \u00e9stos se hubieran conocido en la fecha de adquisici\u00f3n, re-expresando, en su caso, las cifras comparativas del ejercicio anterior. En cualquier caso, los ajustes a los valores provisionales \u00fanicamente incorporan informaci\u00f3n relativa a los hechos y circunstancias que exist\u00edan en la fecha de adqui- sici\u00f3n y que, de haber sido conocidos, hubieran afectado a los importes reconocidos en dicha fecha.  Transcurrido el periodo de un a\u00f1o, s\u00f3lo se realizan ajustes a la valoraci\u00f3n inicial por una correcci\u00f3n de error.    Activo intangible: en la medida en que recibe un derecho a repercutir a los usuarios el coste por el acceso o uso del servicio p\u00fablico o no existe un derecho contractual incondicional a recibir efectivo y otro activo financiero.   El modelo intangible implica reconocer al inicio el activo intangible como contraprestaci\u00f3n por la prestaci\u00f3n de servicios de construcci\u00f3n o mejora en un acuerdo de concesi\u00f3n de servicios al valor razonable. Des- pu\u00e9s del reconocimiento inicial, el activo intangible es reconocido al coste, que incluye los costes de pr\u00e9s- tamos capitalizados, menos la amortizaci\u00f3n acumulada y las p\u00e9rdidas acumuladas por deterioro. Estas concesiones figuran en el activo por su coste de adquisici\u00f3n menos la amortizaci\u00f3n acumulada y el importe acumulado de las correcciones por deterioro de valor reconocidas, en su caso, y se amortizan linealmente en el per\u00edodo concesional. Redeia contabiliza las concesiones de transmisi\u00f3n el\u00e9ctrica en Per\u00fa seg\u00fan el modelo intangible, se recogen en la nota 7. El activo intangible se contabiliza en el ep\u00edgrafe \u201cConcesiones administrativas y Propiedad Industrial\u201d del Inmovilizado intangible del Estado de Situaci\u00f3n Financiera Con- solidado.  Las obligaciones contractuales asumidas por el Grupo a mantener la infraestructura durante el periodo de explotaci\u00f3n o restaurarla con anterioridad a su devoluci\u00f3n al cedente al final del acuerdo de concesi\u00f3n, en la medida en que no suponga una actividad que genera ingresos, se reconocen siguiendo la pol\u00edtica de provi- siones. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-595": {
   "value": "El exceso existente entre la contraprestaci\u00f3n entregada, m\u00e1s el valor asignado a las participaciones no do- minantes y el importe neto de los activos adquiridos y los pasivos asumidos, se  registra como Fondo de comercio. En su caso, el defecto, despu\u00e9s de evaluar el importe de la contraprestaci\u00f3n entregada, el valor    Fondo de Comercio  El fondo de comercio se determina siguiendo los criterios expuestos en el apartado de combinaciones de negocios. El fondo de comercio no se amortiza, sino que se comprueba su deterioro con una periodicidad anual o con anterioridad, si existen indicios de una potencial p\u00e9rdida del valor del activo. Despu\u00e9s del reco- nocimiento inicial, el fondo de comercio se valora por su coste menos las p\u00e9rdidas por deterioro de valor acumuladas si las hubiera. El fondo de comercio generado internamente no se reconoce como un activo.  ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-540": {
   "value": "b)  Concesiones administrativas  El Grupo explota diversos activos mediante contratos de concesi\u00f3n de servicios otorgados por diferentes entes p\u00fablicos. El Grupo analiza las caracter\u00edsticas de los contratos para determinar si \u00e9stos se encuentran en el alcance de la CINIIF 12 \u201cContratos de concesi\u00f3n de servicios\u201d. La norma afecta a los acuerdos p\u00fablico- privados de concesi\u00f3n de servicios que cumplen dos condiciones:   -  el concedente controla o regula a qu\u00e9 servicios debe el concesionario destinar la infraestructura, a qui\u00e9n debe prestar dichos servicios y a qu\u00e9 precio; y   -  el concedente controla toda participaci\u00f3n residual significativa en la infraestructura al t\u00e9rmino de la vigencia del acuerdo.  En los contratos de concesi\u00f3n el Grupo registrar\u00e1 la contraprestaci\u00f3n recibida como un activo financiero o un activo intangible en  funci\u00f3n del  tipo  de  derecho contractual a recibir la  contraprestaci\u00f3n  que recogen las cl\u00e1usulas del contrato. El Grupo registrar\u00e1 un:     Activo financiero: en aquellos casos que tiene el derecho incondicional a recibir del concedente (o por cuenta de \u00e9ste) efectivo u otro activo financiero y tiene poca o ninguna capacidad de evitar el pago.   El modelo financiero implica diferenciar las obligaciones de cumplimiento recogidas en el contrato y reco- nocer el ingreso y gasto en funci\u00f3n del grado de cumplimiento de las obligaciones, de acuerdo a la norma de ingresos y gastos explicada en el apartado g), generando un activo financiero por cuenta a cobrar. Este activo financiero se va actualizando anualmente a la tasa financiera impl\u00edcita de la concesi\u00f3n.   Redeia, a trav\u00e9s de Red El\u00e9ctrica, es titular de la Concesi\u00f3n de la Central Salto de Chira en Gran Canaria que se registra seg\u00fan el modelo financiero y se explica en la nota 19. El activo financiero se contabiliza en el ep\u00edgrafe \"Otros activos financieros no corrientes\" en Activos financieros a coste amortizado del Estado de Situaci\u00f3n Financiera Consolidado.    Activo intangible: en la medida en que recibe un derecho a repercutir a los usuarios el coste por el acceso o uso del servicio p\u00fablico o no existe un derecho contractual incondicional a recibir efectivo y otro activo financiero.   El modelo intangible implica reconocer al inicio el activo intangible como contraprestaci\u00f3n por la prestaci\u00f3n de servicios de construcci\u00f3n o mejora en un acuerdo de concesi\u00f3n de servicios al valor razonable. Des- pu\u00e9s del reconocimiento inicial, el activo intangible es reconocido al coste, que incluye los costes de pr\u00e9s- tamos capitalizados, menos la amortizaci\u00f3n acumulada y las p\u00e9rdidas acumuladas por deterioro. Estas concesiones figuran en el activo por su coste de adquisici\u00f3n menos la amortizaci\u00f3n acumulada y el importe acumulado de las correcciones por deterioro de valor reconocidas, en su caso, y se amortizan linealmente en el per\u00edodo concesional. Redeia contabiliza las concesiones de transmisi\u00f3n el\u00e9ctrica en Per\u00fa seg\u00fan el modelo intangible, se recogen en la nota 7. El activo intangible se contabiliza en el ep\u00edgrafe \u201cConcesiones administrativas y Propiedad Industrial\u201d del Inmovilizado intangible del Estado de Situaci\u00f3n Financiera Con- solidado.  Las obligaciones contractuales asumidas por el Grupo a mantener la infraestructura durante el periodo de explotaci\u00f3n o restaurarla con anterioridad a su devoluci\u00f3n al cedente al final del acuerdo de concesi\u00f3n, en la medida en que no suponga una actividad que genera ingresos, se reconocen siguiendo la pol\u00edtica de provi- siones. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForServiceConcessionArrangementsExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-596": {
   "value": "b)  Concesiones administrativas  El Grupo explota diversos activos mediante contratos de concesi\u00f3n de servicios otorgados por diferentes entes p\u00fablicos. El Grupo analiza las caracter\u00edsticas de los contratos para determinar si \u00e9stos se encuentran en el alcance de la CINIIF 12 \u201cContratos de concesi\u00f3n de servicios\u201d. La norma afecta a los acuerdos p\u00fablico- privados de concesi\u00f3n de servicios que cumplen dos condiciones:   -  el concedente controla o regula a qu\u00e9 servicios debe el concesionario destinar la infraestructura, a qui\u00e9n debe prestar dichos servicios y a qu\u00e9 precio; y   -  el concedente controla toda participaci\u00f3n residual significativa en la infraestructura al t\u00e9rmino de la vigencia del acuerdo. En los contratos de concesi\u00f3n el Grupo registrar\u00e1 la contraprestaci\u00f3n recibida como un activo financiero o un activo intangible en  funci\u00f3n del  tipo  de  derecho contractual a recibir la  contraprestaci\u00f3n  que recogen las cl\u00e1usulas del contrato. El Grupo registrar\u00e1 un:     Activo financiero: en aquellos casos que tiene el derecho incondicional a recibir del concedente (o por cuenta de \u00e9ste) efectivo u otro activo financiero y tiene poca o ninguna capacidad de evitar el pago.   El modelo financiero implica diferenciar las obligaciones de cumplimiento recogidas en el contrato y reco- nocer el ingreso y gasto en funci\u00f3n del grado de cumplimiento de las obligaciones, de acuerdo a la norma de ingresos y gastos explicada en el apartado g), generando un activo financiero por cuenta a cobrar. Este activo financiero se va actualizando anualmente a la tasa financiera impl\u00edcita de la concesi\u00f3n.   Redeia, a trav\u00e9s de Red El\u00e9ctrica, es titular de la Concesi\u00f3n de la Central Salto de Chira en Gran Canaria que se registra seg\u00fan el modelo financiero y se explica en la nota 19. El activo financiero se contabiliza en el ep\u00edgrafe \"Otros activos financieros no corrientes\" en Activos financieros a coste amortizado del Estado de Situaci\u00f3n Financiera Consolidado. c)  Inmovilizado intangible  Los Inmovilizados intangibles se registran por su precio de adquisici\u00f3n, siendo revisado peri\u00f3dicamente y ajustado en el caso de cualquier disminuci\u00f3n en su valor. La cuota de amortizaci\u00f3n anual se reconoce como un gasto, determin\u00e1ndose en funci\u00f3n del m\u00e9todo lineal, basado en la vida \u00fatil estimada que se le asigne a cada elemento o clase de activo intangible.   Los activos incluidos en este apartado son los siguientes:     Licencias y propiedad industrial  Las licencias tienen una vida \u00fatil definida y figuran en el activo por su coste de obtenci\u00f3n menos la amortiza- ci\u00f3n acumulada y las correcciones por deterioro del valor reconocidas, en su caso. La amortizaci\u00f3n se calcula por el m\u00e9todo lineal en funci\u00f3n del coste de las licencias y de su vida \u00fatil, estimada en cinco a\u00f1os.   La propiedad industrial se valora inicialmente a su precio de adquisici\u00f3n o costes de producci\u00f3n y posterior- mente a su coste minorado por la correspondiente amortizaci\u00f3n acumulada y en su caso por las p\u00e9rdidas por deterioro que hayan experimentado. Dichos activos se amortizan en funci\u00f3n de su vida \u00fatil estimada en cinco a\u00f1os.     Marca  Los importes registrados en concepto de marca se corresponden con el coste incurrido en su adquisici\u00f3n, minorado por su amortizaci\u00f3n acumulada y las correcciones valorativas por deterioro en caso de ser aplica- bles. Esta partida se amortiza linealmente en diez a\u00f1os.     Gastos de desarrollo  Los gastos de desarrollo directamente atribuibles al dise\u00f1o y realizaci\u00f3n de pruebas de programas inform\u00e1ti- cos nuevos o mejorados que sean identificables y \u00fanicos y susceptibles de ser controlados por el Grupo, se reconocen como activos intangibles cuando es probable que el proyecto vaya a tener \u00e9xito considerando su viabilidad t\u00e9cnica y comercial, y sus costes pueden estimarse de forma fiable. Los gastos que no cumplan estos criterios se reconocer\u00e1n como un gasto en el momento en el que se incurran. Los gastos de desarrollo se capitalizan y se amortizan desde su puesta en servicio de manera lineal durante un periodo no superior a cinco a\u00f1os. Los costes asociados con el mantenimiento de programas inform\u00e1ticos se reconocen como gasto a medida que se incurren en los mismos. Aplicaciones inform\u00e1ticas  En este apartado se incluyen las licencias para programas inform\u00e1ticos adquiridos. Estas se activar\u00e1n sobre la base de los costes en que se ha incurrido para adquirirlas y prepararlas para su uso. La amortizaci\u00f3n de estos programas inform\u00e1ticos se debe realizar linealmente en un per\u00edodo de entre tres y cinco a\u00f1os desde la entrada en explotaci\u00f3n de cada programa.  Los  gastos  relacionados  con  el  mantenimiento  de  programas  inform\u00e1ticos  se  reconocer\u00e1n  como  gasto cuando se incurra en ellos.   Otro inmovilizado intangible  En este ep\u00edgrafe se recoge principalmente tanto el Derecho de tarifa regulada surgido de la combinaci\u00f3n de negocios correspondiente a los derechos a percibir ingresos a perpetuidad, como la asignaci\u00f3n del precio de compra imputable a clientes adquiridos en combinaciones de negocio (ver nota 6 \u201cCombinaci\u00f3n de nego- cios\u201d). Estos activos, se valoran inicialmente a valor razonable.  En el caso del Derecho de tarifa regulada tiene una vida \u00fatil indefinida y est\u00e1 sujeto a test de deterioro anual (ver nota 4.i).  En el caso de la Cartera de Clientes se amortiza en 10 a\u00f1os linealmente en el per\u00edodo estimado de perma- nencia de dicha cartera de clientes.  ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-8": {
   "value": "b)  Concesiones administrativas  El Grupo explota diversos activos mediante contratos de concesi\u00f3n de servicios otorgados por diferentes entes p\u00fablicos. El Grupo analiza las caracter\u00edsticas de los contratos para determinar si \u00e9stos se encuentran en el alcance de la CINIIF 12 \u201cContratos de concesi\u00f3n de servicios\u201d. La norma afecta a los acuerdos p\u00fablico- privados de concesi\u00f3n de servicios que cumplen dos condiciones:   -  el concedente controla o regula a qu\u00e9 servicios debe el concesionario destinar la infraestructura, a qui\u00e9n debe prestar dichos servicios y a qu\u00e9 precio; y   -  el concedente controla toda participaci\u00f3n residual significativa en la infraestructura al t\u00e9rmino de la vigencia del acuerdo. En los contratos de concesi\u00f3n el Grupo registrar\u00e1 la contraprestaci\u00f3n recibida como un activo financiero o un activo intangible en  funci\u00f3n del  tipo  de  derecho contractual a recibir la  contraprestaci\u00f3n  que recogen las cl\u00e1usulas del contrato. El Grupo registrar\u00e1 un:     Activo financiero: en aquellos casos que tiene el derecho incondicional a recibir del concedente (o por cuenta de \u00e9ste) efectivo u otro activo financiero y tiene poca o ninguna capacidad de evitar el pago.   El modelo financiero implica diferenciar las obligaciones de cumplimiento recogidas en el contrato y reco- nocer el ingreso y gasto en funci\u00f3n del grado de cumplimiento de las obligaciones, de acuerdo a la norma de ingresos y gastos explicada en el apartado g), generando un activo financiero por cuenta a cobrar. Este activo financiero se va actualizando anualmente a la tasa financiera impl\u00edcita de la concesi\u00f3n.   Redeia, a trav\u00e9s de Red El\u00e9ctrica, es titular de la Concesi\u00f3n de la Central Salto de Chira en Gran Canaria que se registra seg\u00fan el modelo financiero y se explica en la nota 19. El activo financiero se contabiliza en el ep\u00edgrafe \"Otros activos financieros no corrientes\" en Activos financieros a coste amortizado del Estado de Situaci\u00f3n Financiera Consolidado. Activo intangible: en la medida en que recibe un derecho a repercutir a los usuarios el coste por el acceso o uso del servicio p\u00fablico o no existe un derecho contractual incondicional a recibir efectivo y otro activo financiero.   El modelo intangible implica reconocer al inicio el activo intangible como contraprestaci\u00f3n por la prestaci\u00f3n de servicios de construcci\u00f3n o mejora en un acuerdo de concesi\u00f3n de servicios al valor razonable. Des- pu\u00e9s del reconocimiento inicial, el activo intangible es reconocido al coste, que incluye los costes de pr\u00e9s- tamos capitalizados, menos la amortizaci\u00f3n acumulada y las p\u00e9rdidas acumuladas por deterioro. Estas concesiones figuran en el activo por su coste de adquisici\u00f3n menos la amortizaci\u00f3n acumulada y el importe acumulado de las correcciones por deterioro de valor reconocidas, en su caso, y se amortizan linealmente en el per\u00edodo concesional. Redeia contabiliza las concesiones de transmisi\u00f3n el\u00e9ctrica en Per\u00fa seg\u00fan el modelo intangible, se recogen en la nota 7. El activo intangible se contabiliza en el ep\u00edgrafe \u201cConcesiones administrativas y Propiedad Industrial\u201d del Inmovilizado intangible del Estado de Situaci\u00f3n Financiera Con- solidado.  Las obligaciones contractuales asumidas por el Grupo a mantener la infraestructura durante el periodo de explotaci\u00f3n o restaurarla con anterioridad a su devoluci\u00f3n al cedente al final del acuerdo de concesi\u00f3n, en la medida en que no suponga una actividad que genera ingresos, se reconocen siguiendo la pol\u00edtica de provi- siones. c)  Inmovilizado intangible  Los Inmovilizados intangibles se registran por su precio de adquisici\u00f3n, siendo revisado peri\u00f3dicamente y ajustado en el caso de cualquier disminuci\u00f3n en su valor. La cuota de amortizaci\u00f3n anual se reconoce como un gasto, determin\u00e1ndose en funci\u00f3n del m\u00e9todo lineal, basado en la vida \u00fatil estimada que se le asigne a cada elemento o clase de activo intangible.   Los activos incluidos en este apartado son los siguientes:     Licencias y propiedad industrial  Las licencias tienen una vida \u00fatil definida y figuran en el activo por su coste de obtenci\u00f3n menos la amortiza- ci\u00f3n acumulada y las correcciones por deterioro del valor reconocidas, en su caso. La amortizaci\u00f3n se calcula por el m\u00e9todo lineal en funci\u00f3n del coste de las licencias y de su vida \u00fatil, estimada en cinco a\u00f1os.   La propiedad industrial se valora inicialmente a su precio de adquisici\u00f3n o costes de producci\u00f3n y posterior- mente a su coste minorado por la correspondiente amortizaci\u00f3n acumulada y en su caso por las p\u00e9rdidas por deterioro que hayan experimentado. Dichos activos se amortizan en funci\u00f3n de su vida \u00fatil estimada en cinco a\u00f1os.     Marca  Los importes registrados en concepto de marca se corresponden con el coste incurrido en su adquisici\u00f3n, minorado por su amortizaci\u00f3n acumulada y las correcciones valorativas por deterioro en caso de ser aplica- bles. Esta partida se amortiza linealmente en diez a\u00f1os.     Gastos de desarrollo  Los gastos de desarrollo directamente atribuibles al dise\u00f1o y realizaci\u00f3n de pruebas de programas inform\u00e1ti- cos nuevos o mejorados que sean identificables y \u00fanicos y susceptibles de ser controlados por el Grupo, se reconocen como activos intangibles cuando es probable que el proyecto vaya a tener \u00e9xito considerando su viabilidad t\u00e9cnica y comercial, y sus costes pueden estimarse de forma fiable. Los gastos que no cumplan estos criterios se reconocer\u00e1n como un gasto en el momento en el que se incurran. Los gastos de desarrollo se capitalizan y se amortizan desde su puesta en servicio de manera lineal durante un periodo no superior a cinco a\u00f1os. Los costes asociados con el mantenimiento de programas inform\u00e1ticos se reconocen como gasto a medida que se incurren en los mismos. Aplicaciones inform\u00e1ticas  En este apartado se incluyen las licencias para programas inform\u00e1ticos adquiridos. Estas se activar\u00e1n sobre la base de los costes en que se ha incurrido para adquirirlas y prepararlas para su uso. La amortizaci\u00f3n de estos programas inform\u00e1ticos se debe realizar linealmente en un per\u00edodo de entre tres y cinco a\u00f1os desde la entrada en explotaci\u00f3n de cada programa.  Los  gastos  relacionados  con  el  mantenimiento  de  programas  inform\u00e1ticos  se  reconocer\u00e1n  como  gasto cuando se incurra en ellos.   Fondo de Comercio  El fondo de comercio se determina siguiendo los criterios expuestos en el apartado de combinaciones de negocios. El fondo de comercio no se amortiza, sino que se comprueba su deterioro con una periodicidad anual o con anterioridad, si existen indicios de una potencial p\u00e9rdida del valor del activo. Despu\u00e9s del reco- nocimiento inicial, el fondo de comercio se valora por su coste menos las p\u00e9rdidas por deterioro de valor acumuladas si las hubiera. El fondo de comercio generado internamente no se reconoce como un activo.     Otro inmovilizado intangible  En este ep\u00edgrafe se recoge principalmente tanto el Derecho de tarifa regulada surgido de la combinaci\u00f3n de negocios correspondiente a los derechos a percibir ingresos a perpetuidad, como la asignaci\u00f3n del precio de compra imputable a clientes adquiridos en combinaciones de negocio (ver nota 6 \u201cCombinaci\u00f3n de nego- cios\u201d). Estos activos, se valoran inicialmente a valor razonable.  En el caso del Derecho de tarifa regulada tiene una vida \u00fatil indefinida y est\u00e1 sujeto a test de deterioro anual (ver nota 4.i).  En el caso de la Cartera de Clientes se amortiza en 10 a\u00f1os linealmente en el per\u00edodo estimado de perma- nencia de dicha cartera de clientes.     Inmovilizado intangible en curso  Las concesiones administrativas en fase de construcci\u00f3n que figuran como inmovilizado intangible en curso son valoradas por los desembolsos que se van efectuando hasta la finalizaci\u00f3n de la construcci\u00f3n conforme a la CINIIF 12. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-503": {
   "value": "   Gastos de desarrollo  Los gastos de desarrollo directamente atribuibles al dise\u00f1o y realizaci\u00f3n de pruebas de programas inform\u00e1ti- cos nuevos o mejorados que sean identificables y \u00fanicos y susceptibles de ser controlados por el Grupo, se reconocen como activos intangibles cuando es probable que el proyecto vaya a tener \u00e9xito considerando su viabilidad t\u00e9cnica y comercial, y sus costes pueden estimarse de forma fiable. Los gastos que no cumplan estos criterios se reconocer\u00e1n como un gasto en el momento en el que se incurran. Los gastos de desarrollo se capitalizan y se amortizan desde su puesta en servicio de manera lineal durante un periodo no superior a cinco a\u00f1os. Los costes asociados con el mantenimiento de programas inform\u00e1ticos se reconocen como gasto a medida que se incurren en los mismos. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForResearchAndDevelopmentExpenseExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-541": {
   "value": "d)  Inmovilizaciones materiales  Los elementos que componen las Inmovilizaciones materiales son principalmente instalaciones t\u00e9cnicas de energ\u00eda el\u00e9ctrica y de telecomunicaciones y se hallan valorados, seg\u00fan el caso, al coste de producci\u00f3n o coste de adquisici\u00f3n menos la correspondiente amortizaci\u00f3n acumulada y las p\u00e9rdidas acumuladas por de- terioro si las hubiera. En el caso de las inmovilizaciones materiales adquiridas en una combinaci\u00f3n de nego- cios, estas se registran inicialmente a su valor razonable.   El coste indicado incluye, en su caso, los siguientes conceptos:     Los gastos financieros relativos directamente a las construcciones en curso del inmovilizado material, re- lativos a la financiaci\u00f3n externa y devengada \u00fanicamente durante el per\u00edodo de construcci\u00f3n. No obstante, la capitalizaci\u00f3n de intereses es suspendida durante los periodos en los que se interrumpe el desarrollo de actividades, si estos se extienden de manera significativa en el tiempo, salvo que el retraso temporal sea necesario para poner el activo en condiciones de funcionamiento.     Los gastos de explotaci\u00f3n relacionados directamente con las construcciones en curso del Inmovilizado material de aquellos proyectos realizados bajo el control y direcci\u00f3n de las sociedades del Grupo.     La estimaci\u00f3n inicial de los costes de desmantelamiento y retiro del inmovilizado material.  Los activos en etapa de construcci\u00f3n (obras en curso) se capitalizan como Inmovilizado en curso. Se sigue el criterio de traspasar la obra en curso al Inmovilizado material en explotaci\u00f3n una vez realizada la puesta en servicio y siempre que el activo se encuentre en condiciones de funcionamiento. El inmovilizado material en curso no se amortiza.  Las mediciones posteriores al reconocimiento inicial se realizar\u00e1n utilizando el criterio del coste, registr\u00e1ndose el valor del inmovilizado material por su coste menos la amortizaci\u00f3n acumulada y el importe acumulado de las p\u00e9rdidas por deterioro de valor. Los costes de ampliaci\u00f3n o mejora de los bienes de la propiedad, planta y equipo que supongan un aumento de la productividad, capacidad y alargamiento de la vida \u00fatil se incorporan al activo como mayor valor del bien.   Los gastos de conservaci\u00f3n y mantenimiento del Inmovilizado material que no supongan un aumento de la productividad no mejoren su utilizaci\u00f3n y no alarguen la vida \u00fatil de los activos, se cargar\u00e1n directamente a la Cuenta de resultados en el momento en que se produzcan.    Amortizaci\u00f3n  El Inmovilizado material se deprecia distribuyendo linealmente el coste de los diferentes elementos que com- ponen dicho activo entre los a\u00f1os de vida \u00fatil estimada que constituyen el per\u00edodo en el que se espera utili- zarlos, teniendo que aplicar en cualquier caso los siguientes rangos de coeficientes:  Coeficiente anual Construcciones  2% - 10% Instalaciones t\u00e9cnicas de energ\u00eda el\u00e9ctrica  2,5% - 8,5% Instalaciones t\u00e9cnicas de telecomunicaciones fibra \u00f3ptica  5% - 12,5% Instalaciones t\u00e9cnicas de telecomunicaciones satelitales  Seg\u00fan plan de amortizaci\u00f3n Otras instalaciones, maquinaria, utillaje, mobiliario y otro inmovilizado  4% - 33% Del inmovilizado material pendiente de amortizar la mayor parte se amortiza al 2,5%. El cargo por amortiza- ci\u00f3n de cada periodo se reconoce en el resultado del periodo.  El valor residual y la vida \u00fatil de los activos se revisa al menos anualmente y se ajusta a la realidad en caso de que resultase necesario. De esta manera, durante el pasado ejercicio 2021, el Grupo adopt\u00f3 la decisi\u00f3n de reestimar, con car\u00e1cter prospectivo desde el 1 de enero de 2021 la vida \u00fatil de los activos de la flota satelital, con excepci\u00f3n de los sat\u00e9lites Hispasat 55W-1, Hispasat 74W-1 y Amazonas 2, que mantienen su vida \u00fatil entre 13 y 15 a\u00f1os, habiendo adecuado su amortizaci\u00f3n contable anual a una vida \u00fatil de 16,5 a\u00f1os en base a los an\u00e1lisis t\u00e9cnicos realizados. El impacto de dicho cambio de estimaci\u00f3n supuso un menor gasto de 16 millones de euros de amortizaci\u00f3n (v\u00e9ase nota 8).   La vida \u00fatil residual media de estos activos paso a ser de 14 a\u00f1os (v\u00e9ase nota 8).     Deterioro de valor  Cuando el importe en libros del inmovilizado estos activos sea superior a su importe recuperable estimado, \u00e9ste se deber\u00e1 deteriorar de forma inmediata hasta su importe recuperable. Como importe recuperable se entender\u00e1 el mayor de los siguientes:  o  Valor razonable menos costes de venta  o  Valor de uso, es decir, el valor actual de  los flujos futuros de  efectivo estimados derivados  del uso continuado del activo y de su enajenaci\u00f3n.  El Grupo realiza an\u00e1lisis complementarios sobre estas magnitudes a consecuencia de cambios significativos del r\u00e9gimen retributivo aplicable a los activos de transporte de energ\u00eda el\u00e9ctrica en Espa\u00f1a.  En el ejercicio 2020 el Grupo registr\u00f3 una p\u00e9rdida por deterioro del valor de los activos asociado en los activos asignados a la UGE del negocio satelital tradicional (Legacy). Esto ha supuesto en los ejercicios 2022 y 2021 una minoraci\u00f3n de la dotaci\u00f3n a la amortizaci\u00f3n de los mencionados activos por un importe de 12 millones de euros (v\u00e9ase nota 8).  El Grupo eval\u00faa y determina las p\u00e9rdidas y las reversiones de las p\u00e9rdidas por deterioro de valor de las Unidades Generadoras de Efectivo (UGEs) de acuerdo con los criterios que se mencionan en el apartado i) de esta nota.     Otros aspectos  Las subvenciones oficiales  y  otros  cobros  asimilables recibidos relacionados con la adquisici\u00f3n de  estos activos se reconocen como ingresos diferidos traslad\u00e1ndose a resultados a lo largo de la vida \u00fatil de los activos. Se dar\u00e1 de baja de los registros contables el Inmovilizado material cuando este se retire; o cuando no se espere obtener beneficios econ\u00f3micos futuros por su uso o retiro. La p\u00e9rdida o ganancia surgida al dar de baja un elemento se calcular\u00e1 mediante la diferencia entre el importe neto que, en su caso, se obtenga de la venta  del  activo  y  su  valor  en  libros  (coste  inicial  menos  amortizaciones  y  deterioros).  Dicha  p\u00e9rdida  o ganancia se incluir\u00e1 en el resultado del periodo cuando la partida sea dada de baja en cuentas. El resultado de estas transacciones no se incluir\u00e1 como resultado de las actividades ordinarias. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-613": {
   "value": "d)  Inmovilizaciones materiales  Los elementos que componen las Inmovilizaciones materiales son principalmente instalaciones t\u00e9cnicas de energ\u00eda el\u00e9ctrica y de telecomunicaciones y se hallan valorados, seg\u00fan el caso, al coste de producci\u00f3n o coste de adquisici\u00f3n menos la correspondiente amortizaci\u00f3n acumulada y las p\u00e9rdidas acumuladas por de- terioro si las hubiera. En el caso de las inmovilizaciones materiales adquiridas en una combinaci\u00f3n de nego- cios, estas se registran inicialmente a su valor razonable.   El coste indicado incluye, en su caso, los siguientes conceptos:     Los gastos financieros relativos directamente a las construcciones en curso del inmovilizado material, re- lativos a la financiaci\u00f3n externa y devengada \u00fanicamente durante el per\u00edodo de construcci\u00f3n. No obstante, la capitalizaci\u00f3n de intereses es suspendida durante los periodos en los que se interrumpe el desarrollo de actividades, si estos se extienden de manera significativa en el tiempo, salvo que el retraso temporal sea necesario para poner el activo en condiciones de funcionamiento.     Los gastos de explotaci\u00f3n relacionados directamente con las construcciones en curso del Inmovilizado material de aquellos proyectos realizados bajo el control y direcci\u00f3n de las sociedades del Grupo.     La estimaci\u00f3n inicial de los costes de desmantelamiento y retiro del inmovilizado material.  Los activos en etapa de construcci\u00f3n (obras en curso) se capitalizan como Inmovilizado en curso. Se sigue el criterio de traspasar la obra en curso al Inmovilizado material en explotaci\u00f3n una vez realizada la puesta en servicio y siempre que el activo se encuentre en condiciones de funcionamiento. El inmovilizado material en curso no se amortiza.  Las mediciones posteriores al reconocimiento inicial se realizar\u00e1n utilizando el criterio del coste, registr\u00e1ndose el valor del inmovilizado material por su coste menos la amortizaci\u00f3n acumulada y el importe acumulado de las p\u00e9rdidas por deterioro de valor. Los costes de ampliaci\u00f3n o mejora de los bienes de la propiedad, planta y equipo que supongan un aumento de la productividad, capacidad y alargamiento de la vida \u00fatil se incorporan al activo como mayor valor del bien. Los gastos de conservaci\u00f3n y mantenimiento del Inmovilizado material que no supongan un aumento de la productividad no mejoren su utilizaci\u00f3n y no alarguen la vida \u00fatil de los activos, se cargar\u00e1n directamente a la Cuenta de resultados en el momento en que se produzcan. En caso de que para la adquisici\u00f3n de estas existencias se haya acudido a financiaci\u00f3n, el gasto incurrido podr\u00e1 reconocerse como mayor coste de las existencias hasta el momento en el que estos activos est\u00e9n sustancialmente preparados para su utilizaci\u00f3n o venta si procediese.  Al final de cada ejercicio se realizar\u00e1 una evaluaci\u00f3n del valor neto realizable de las existencias, registr\u00e1ndose correcciones de valor como un gasto en la Cuenta de resultados consolidada, cuando su coste excede a su valor de mercado o cuando existan dudas sobre su utilizaci\u00f3n. En caso de que las circunstancias que causen esta disminuci\u00f3n dejen de existir o cuando exista clara evidencia de incremento en el valor neto realizable debido a un cambio en las circunstancias econ\u00f3micas, se proceder\u00e1 a revertir el importe de la misma y a reconocer como ingreso en la Cuenta de resultados consolidada esta recuperaci\u00f3n. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForExpensesExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-597": {
   "value": "Los activos en etapa de construcci\u00f3n (obras en curso) se capitalizan como Inmovilizado en curso. Se sigue el criterio de traspasar la obra en curso al Inmovilizado material en explotaci\u00f3n una vez realizada la puesta en servicio y siempre que el activo se encuentre en condiciones de funcionamiento. El inmovilizado material en curso no se amortiza.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForConstructionInProgressExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-636": {
   "value": "Los costes de ampliaci\u00f3n o mejora de los bienes de la propiedad, planta y equipo que supongan un aumento de la productividad, capacidad y alargamiento de la vida \u00fatil se incorporan al activo como mayor valor del bien. Los gastos de conservaci\u00f3n y mantenimiento del Inmovilizado material que no supongan un aumento de la productividad no mejoren su utilizaci\u00f3n y no alarguen la vida \u00fatil de los activos, se cargar\u00e1n directamente a la Cuenta de resultados en el momento en que se produzcan. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDecommissioningRestorationAndRehabilitationProvisionsExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-599": {
   "value": "Los gastos de conservaci\u00f3n y mantenimiento del Inmovilizado material que no supongan un aumento de la productividad no mejoren su utilizaci\u00f3n y no alarguen la vida \u00fatil de los activos, se cargar\u00e1n directamente a la Cuenta de resultados en el momento en que se produzcan. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRepairsAndMaintenanceExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-600": {
   "value": "   Amortizaci\u00f3n  El Inmovilizado material se deprecia distribuyendo linealmente el coste de los diferentes elementos que com- ponen dicho activo entre los a\u00f1os de vida \u00fatil estimada que constituyen el per\u00edodo en el que se espera utili- zarlos, teniendo que aplicar en cualquier caso los siguientes rangos de coeficientes:  Coeficiente anual Construcciones  2% - 10% Instalaciones t\u00e9cnicas de energ\u00eda el\u00e9ctrica  2,5% - 8,5% Instalaciones t\u00e9cnicas de telecomunicaciones fibra \u00f3ptica  5% - 12,5% Instalaciones t\u00e9cnicas de telecomunicaciones satelitales  Seg\u00fan plan de amortizaci\u00f3n Otras instalaciones, maquinaria, utillaje, mobiliario y otro inmovilizado  4% - 33% Del inmovilizado material pendiente de amortizar la mayor parte se amortiza al 2,5%. El cargo por amortiza- ci\u00f3n de cada periodo se reconoce en el resultado del periodo.  El valor residual y la vida \u00fatil de los activos se revisa al menos anualmente y se ajusta a la realidad en caso de que resultase necesario. De esta manera, durante el pasado ejercicio 2021, el Grupo adopt\u00f3 la decisi\u00f3n de reestimar, con car\u00e1cter prospectivo desde el 1 de enero de 2021 la vida \u00fatil de los activos de la flota satelital, con excepci\u00f3n de los sat\u00e9lites Hispasat 55W-1, Hispasat 74W-1 y Amazonas 2, que mantienen su vida \u00fatil entre 13 y 15 a\u00f1os, habiendo adecuado su amortizaci\u00f3n contable anual a una vida \u00fatil de 16,5 a\u00f1os en base a los an\u00e1lisis t\u00e9cnicos realizados. El impacto de dicho cambio de estimaci\u00f3n supuso un menor gasto de 16 millones de euros de amortizaci\u00f3n (v\u00e9ase nota 8).   La vida \u00fatil residual media de estos activos paso a ser de 14 a\u00f1os (v\u00e9ase nota 8).  ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-614": {
   "value": "   Amortizaci\u00f3n  El Inmovilizado material se deprecia distribuyendo linealmente el coste de los diferentes elementos que com- ponen dicho activo entre los a\u00f1os de vida \u00fatil estimada que constituyen el per\u00edodo en el que se espera utili- zarlos, teniendo que aplicar en cualquier caso los siguientes rangos de coeficientes:  Coeficiente anual Construcciones  2% - 10% Instalaciones t\u00e9cnicas de energ\u00eda el\u00e9ctrica  2,5% - 8,5% Instalaciones t\u00e9cnicas de telecomunicaciones fibra \u00f3ptica  5% - 12,5% Instalaciones t\u00e9cnicas de telecomunicaciones satelitales  Seg\u00fan plan de amortizaci\u00f3n Otras instalaciones, maquinaria, utillaje, mobiliario y otro inmovilizado  4% - 33% Del inmovilizado material pendiente de amortizar la mayor parte se amortiza al 2,5%. El cargo por amortiza- ci\u00f3n de cada periodo se reconoce en el resultado del periodo.  El valor residual y la vida \u00fatil de los activos se revisa al menos anualmente y se ajusta a la realidad en caso de que resultase necesario. De esta manera, durante el pasado ejercicio 2021, el Grupo adopt\u00f3 la decisi\u00f3n de reestimar, con car\u00e1cter prospectivo desde el 1 de enero de 2021 la vida \u00fatil de los activos de la flota satelital, con excepci\u00f3n de los sat\u00e9lites Hispasat 55W-1, Hispasat 74W-1 y Amazonas 2, que mantienen su vida \u00fatil entre 13 y 15 a\u00f1os, habiendo adecuado su amortizaci\u00f3n contable anual a una vida \u00fatil de 16,5 a\u00f1os en base a los an\u00e1lisis t\u00e9cnicos realizados. El impacto de dicho cambio de estimaci\u00f3n supuso un menor gasto de 16 millones de euros de amortizaci\u00f3n (v\u00e9ase nota 8).   La vida \u00fatil residual media de estos activos paso a ser de 14 a\u00f1os (v\u00e9ase nota 8).  31 de  Variacio- Modificaci\u00f3n 31 de  Variaciones Modificaci\u00f3n  31 de diciembre nes tipo de per\u00edmetro de Altas   Bajas  Traspasos diciembre tipo de  per\u00edmetro de Altas   Bajas  Traspasos diciembre  de 2020  cambio consolidaci\u00f3n de 2021 cambio consolidaci\u00f3n de 2022 Miles de euros Concesiones administrati- 388.390 29.462 - 275 - 75 418.202 25.224 - 5.548 - 41 449.015 vas y Propiedad Industrial Marca  15.234 - - - - - 15.234 - - - - - 15.234 Gastos de desarrollo y  90.491 360    - (662) 5.704 95.893 354 601 1.889 - 18.358 117.095 Aplicaciones inform\u00e1ticas Fondo de Comercio  231.415 279 - - - - 231.694 (1.801) 57.062 - - - 286.955 Otro Inmovilizado Intangible 45.242 3.774 3.788 - - - 52.804 1.059 55.835 - - - 109.698 Inmovilizado intangible en 13.013 1.085 - 36.301    (6.380) 44.019 614 - 39.225 - (18.399) 65.459 curso Total Inmovilizado  783.785 34.960 3.788 36.576 (662) (601) 857.846 25.450 113.498 46.662 - - 1.043.456 Intangible Amortizaci\u00f3n Acum.  Concesiones administrati- (44.396) (4.639) - (18.027) - - (67.062) (3.870) - (20.785) - (340) (92.057) vas y Propiedad Industrial Amortizaci\u00f3n Acum.  Marca  (1.905) - - (1.523) - - (3.428) - - (1.523) - - (4.951) Amortizaci\u00f3n Acum. Gastos de desarrollo y Aplicaciones (40.955) (18) - (18.900) 343    (59.530) (10) - (20.476) - 20 (79.996) inform\u00e1ticas Amortizaci\u00f3n Acum. Otro - - - (1.528)      (1.528) (62) - (4.356) - 320 (5.626) Inmovilizado Intangible Total Amortizaci\u00f3n  (87.256) (4.657) - (39.978) 343 - (131.548) (3.942) - (47.140) - - (182.630) Acumulada Deterioro Concesiones  administrativas y Propiedad (5.357) - - - - - (5.357) - - - - - (5.357) Industrial Deterioro Marca  - - - - - - - - - - - - - Deterioro Gastos de  desarrollo y Aplicaciones  (322) - - - - - (322) - - - - - (322) inform\u00e1ticas Total Deterioros de valor  (5.679) - - - - - (5.679) - - - - - (5.679) Valor Neto  690.850 30.303 3.788 (3.402) (319) (601) 720.619 21.508 113.498 (478) - - 855.147 Salidas, Modifi- Varia- Modifica- Varia- Salidas, bajas, re- caci\u00f3n ciones ci\u00f3n per\u00ed- ciones bajas, re- Altas y duccio- Traspa- per\u00edme- Altas y Traspa- 31.12.2020 tipo de metro de 31.12.2021 tipo de ducciones 31.12.2022 Otros nes y sa- sos tro de Otros sos cam- consoli- cam- y sanea- neamien- consoli- bio daci\u00f3n bio mientos Miles de euros tos daci\u00f3n Coste                                        Terrenos y construcciones  115.765 122 - 221 (2.506) 477 114.079 2.005 530 3.962 (1.521) 9.286 128.341 Instalaciones t\u00e9cnicas de energ\u00eda el\u00e9ctrica  14.787.613 5.693 - 547 - 345.960 15.139.813 7.510 - - - 417.082 15.564.405 Instalaciones t\u00e9cnicas de telecomunicacio- 1.407.247 865 1.957 16.680 (4.668) 6.473 1.428.554 1.396 18.597 340 (2.318) 9.756 1.456.325 nes Otras instalaciones, maquinaria, utillaje, 267.109 1.524 - 18.573 (3.890) (306) 283.010 375 - 5.520 (5.548) 11.080 294.437 mobiliario y otro inmovilizado Anticipos e inmovilizado material en curso  926.486 1.665 933 501.565 (1.956) (352.003) 1.076.691 3.357 1.714 556.839 (4.380) (497.611) 1.136.610 Total Coste  17.504.220 9.869 2.890 537.586 (13.020) 601 18.042.147 14.643 20.841 566.661 (13.767) (50.407) 18.580.118 Amortizaci\u00f3n Acumulada                                        Amortizaci\u00f3n construcciones  (29.870) (12) - (3.473) 2.208 - (31.147) (69) - (4.224) 754 46 (34.640) Amortizaci\u00f3n Instalaciones t\u00e9cnicas de  (272.637) (447) - (104.901) 3.220 - (374.765) (175) - (114.070) 5.798 237 (482.975) telecomunicaciones Amortizaci\u00f3n Instalaciones t\u00e9cnicas de (7.240.156) (314) - (360.089) - - (7.600.559) (283) - (364.837) - - (7.965.679) energ\u00eda el\u00e9ctrica Amortizaci\u00f3n Otras instalaciones, maqui- (236.176) (18) - (13.651) 2.203 - (247.642) (35) - (14.688) 4.933 (283) (257.715) naria, utillaje, mobiliario y otro inmovilizado Total Amortizaci\u00f3n Acumulada  (7.778.839) (791) - (482.115) 7.631 - (8.254.114) (562) - (497.819) 11.485 - (8.741.010) Deterioro   Deterioro terrenos y construcciones  (1.091) - - - - - (1.091) - - - - - (1.091) Deterioro Instalaciones t\u00e9cnicas de  (106.094) (37) - (89) 2.077 - (104.143) (100) - (20) - - (104.263) telecomunicaciones Deterioro Instalaciones t\u00e9cnicas de  (95.544) - - - - - (95.544) - - - - - (95.544) energ\u00eda el\u00e9ctrica Deterioro otras instalaciones, maquinaria, (11.407) - - - - - (11.407) - - - - - (11.407) utillaje, mobiliario y otro inmovilizado Deterioros de valor  (214.136) (37) - (89) 2.077 - (212.185) (100) - (20) - - (212.305) Valor Neto  9.511.245 9.041 2.890 55.382 (3.312) 601 9.575.848 13.981 20.841 68.822 (2.282) (50.407) 9.626.803     Activos por derechos de uso  El detalle y movimiento de los activos por derechos de uso durante los ejercicios 2022 y 2021 ha sido el siguiente:  Miles de euros 2022  2021 Total inicio del ejercicio  27.379 15.053 Entrada en el per\u00edmetro de consolidaci\u00f3n  1.716 - Altas del ejercicio  10.193 18.920 Bajas del ejercicio  (750) (1.478) Amortizaci\u00f3n del ejercicio  (12.250) (5.180) Diferencia de Conversi\u00f3n  174 64 Total al cierre del ejercicio  26.462 27.379 Dentro de Entrada en el per\u00edmetro de consolidaci\u00f3n se incluye la entrada de los activos que posee la sociedad Axess (ver nota 6). Las altas del ejercicio 2022 se corresponden principalmente con el arrendamiento de oficinas y un emplazamiento, destinados a la gesti\u00f3n y transporte de se\u00f1ales de video, en Per\u00fa, as\u00ed como el arrendamiento de elementos de transporte. En 2021 se inclu\u00eda principalmente adem\u00e1s del alta del arrenda- miento de elementos de transporte, el alta del arrendamiento de capacidad de un sat\u00e9lite HTS en banda Ka Konnect por un importe de 12.743 miles de euros.     Importes reconocidos en resultados  El detalle de los importes registrados en la cuenta de resultados consolidada correspondiente a los ejercicios 2022 y 2021, relativo a la aplicaci\u00f3n de la NIIF 16, es el siguiente: Miles de euros 2022  2021 Intereses sobre pasivos por arrendamiento  672 277 Gastos por amortizaci\u00f3n  12.250 5.180 Total   12.921 5.457 Se han reconocido como gastos de explotaci\u00f3n 16.469 miles de euros (4.554 miles de euros en 2021) por arrendamientos que se encuentran fuera del alcance de la NIIF 16.  10 Inversiones inmobiliarias El movimiento producido en los ejercicios 2022 y 2021 en  las Inversiones inmobiliarias pertenecientes al Grupo se describe a continuaci\u00f3n:  31 de  31 de  31 de  Miles de euros diciembre Altas   Bajas diciembre Altas   Bajas diciembre de 2020 de 2021 de 2022 Coste Inmuebles de inversi\u00f3n  2.397 - - 2.397 - (159) 2.238 Total Coste  2.397 - - 2.397 - (159) 2.238 Amortizaci\u00f3n Acumulada Inmuebles de inversi\u00f3n  (519) (21) (540) (33) 39 (534) Total Amortizaci\u00f3n  (519) (21) - (540) (33) 39 (534) Acumulada Deterioros de valor  (553) - 468 (85) - 85 - Valor Neto  1.325 (21) 468 1.772 (33) (35) 1.704 A cierre del ejercicio 2022, se ha procedido a la venta de un local comercial en Oviedo que Red El\u00e9ctrica Corporaci\u00f3n, S.A. manten\u00eda en propiedad por un importe de 41 miles de euros y que ha supuesto un beneficio en el ep\u00edgrafe Deterioro y resultado por enajenaciones del inmovilizado de la Cuenta de p\u00e9rdidas y ganancias consolidada adjunta por importe de 6 miles de euros.   A cierre del ejercicio 2022, tras realizarse el an\u00e1lisis de valor de mercado de las inversiones inmobiliarias, no se han puesto de manifiesto p\u00e9rdidas por deterioro de valor ya que el valor recuperable es mayor al valor neto contable de las inversiones. En 2021, se ha registr\u00f3 por el ep\u00edgrafe Deterioro y resultado por enajena- ciones del inmovilizado de la Cuenta de p\u00e9rdidas y ganancias consolidada adjunta una reversi\u00f3n de deterioro por importe de 468 miles de euros.  Las Inversiones inmobiliarias, en 2022, tienen un valor de mercado de aproximadamente 2,7 millones de euros (2,6 millones de euros en 2021), no generando ingresos o gastos de explotaci\u00f3n significativos.  ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDepreciationAndAmortisationExpenseExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-598": {
   "value": "   Deterioro de valor  Cuando el importe en libros del inmovilizado estos activos sea superior a su importe recuperable estimado, \u00e9ste se deber\u00e1 deteriorar de forma inmediata hasta su importe recuperable. Como importe recuperable se entender\u00e1 el mayor de los siguientes:  o  Valor razonable menos costes de venta  o  Valor de uso, es decir, el valor actual de  los flujos futuros de  efectivo estimados derivados  del uso continuado del activo y de su enajenaci\u00f3n.  El Grupo realiza an\u00e1lisis complementarios sobre estas magnitudes a consecuencia de cambios significativos del r\u00e9gimen retributivo aplicable a los activos de transporte de energ\u00eda el\u00e9ctrica en Espa\u00f1a.  En el ejercicio 2020 el Grupo registr\u00f3 una p\u00e9rdida por deterioro del valor de los activos asociado en los activos asignados a la UGE del negocio satelital tradicional (Legacy). Esto ha supuesto en los ejercicios 2022 y 2021 una minoraci\u00f3n de la dotaci\u00f3n a la amortizaci\u00f3n de los mencionados activos por un importe de 12 millones de euros (v\u00e9ase nota 8).  El Grupo eval\u00faa y determina las p\u00e9rdidas y las reversiones de las p\u00e9rdidas por deterioro de valor de las Unidades Generadoras de Efectivo (UGEs) de acuerdo con los criterios que se mencionan en el apartado i) de esta nota.     Activos no financieros  Las sociedades del Grupo siguen el criterio de analizar la recuperabilidad de sus activos a la fecha de cierre de cada ejercicio y siempre que alg\u00fan suceso o cambio en las circunstancias indique que el importe contabi- lizado puede no ser recuperable. En concreto para los activos de vida \u00fatil indefinida se realiza con una perio- dicidad al menos anual y para el resto de activos siempre y cuando existan indicios de deterioro.  Si el importe recuperable de un activo es inferior a su importe registrado en libros, entonces se entiende que se ha producido un deterioro del valor del activo, que debe ser reconocido contablemente como una p\u00e9rdida de valor por deterioro, imputando dicha p\u00e9rdida a la Cuenta de resultados consolidada. As\u00ed, la p\u00e9rdida por deterioro es la diferencia existente entre el valor en libros de un activo y su valor recuperable. El valor recu- perable de los activos es el mayor entre su valor razonable menos los costes de enajenaci\u00f3n o disposici\u00f3n por otra v\u00eda y su valor en uso.  El c\u00e1lculo  del valor en uso se realiza en base a flujos de efectivo futuros esperados.   Las p\u00e9rdidas por deterioro reconocidas en un activo en ejercicios anteriores son revertidas cuando se produce un cambio en las estimaciones sobre su importe recuperable, aumentando el valor del activo con abono a resultados con el l\u00edmite del valor en libros que el activo hubiera tenido de no haberse realizado el deterioro. Las p\u00e9rdidas por deterioro de fondos de comercio no son objeto de reversi\u00f3n en periodos posteriores.  El c\u00e1lculo del deterioro se realiza para los activos individuales. Si no fuera posible la estimaci\u00f3n del valor recuperable del activo individual se determinar\u00e1 el valor recuperable de la Unidad Generadora de Efectivo (UGE) a la que pertenece dicho activo.  El Grupo tiene Unidades Generadoras de Efectivo (UGEs) que  son el grupo  identificable de activos m\u00e1s peque\u00f1o capaz de generar entradas de efectivo que sean, en buena medida, independientes de los flujos de efectivo derivados de otros activos o grupos de activos. Las UGEs identificadas son las relacionadas con el transporte de energ\u00eda el\u00e9ctrica (en Espa\u00f1a, Per\u00fa, Chile, Brasil) y las telecomunicaciones asociadas al negocio satelital y al negocio de fibra \u00f3ptica).  El Grupo realiza tests de deterioro cuando observa indicios, tales como cambios en la regulaci\u00f3n sectorial, modificaciones en los planes de inversi\u00f3n o en la evoluci\u00f3n de los negocios y otros par\u00e1metros que pudieran poner de manifiesto el potencial deterioro de valor  de los activos no financieros sujetos a amortizaci\u00f3n o depreciaci\u00f3n. Para el c\u00e1lculo del deterioro el Grupo verifica que el importe recuperable de cada Unidad Ge- neradora de Efectivo (UGE) a la que est\u00e1n asociados los activos o de activos individuales, es superior a su valor neto contable.   En caso contrario se reconoce en la Cuenta de resultados consolidada una p\u00e9rdida por deterioro por la dife- rencia entre ambos con cargo al ep\u00edgrafe Deterioro y resultado por enajenaci\u00f3n de Inmovilizado hasta el l\u00edmite mayor entre los siguientes: (i) su valor razonable minorado por los costes necesarios para su venta y (ii) su valor en uso. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-601": {
   "value": "   Otros aspectos  Las subvenciones oficiales  y  otros  cobros  asimilables recibidos relacionados con la adquisici\u00f3n de  estos activos se reconocen como ingresos diferidos traslad\u00e1ndose a resultados a lo largo de la vida \u00fatil de los activos. Se dar\u00e1 de baja de los registros contables el Inmovilizado material cuando este se retire; o cuando no se espere obtener beneficios econ\u00f3micos futuros por su uso o retiro. La p\u00e9rdida o ganancia surgida al dar de baja un elemento se calcular\u00e1 mediante la diferencia entre el importe neto que, en su caso, se obtenga de la venta  del  activo  y  su  valor  en  libros  (coste  inicial  menos  amortizaciones  y  deterioros).  Dicha  p\u00e9rdida  o ganancia se incluir\u00e1 en el resultado del periodo cuando la partida sea dada de baja en cuentas. El resultado de estas transacciones no se incluir\u00e1 como resultado de las actividades ordinarias. k)  Subvenciones y otros  Las Subvenciones oficiales de capital no reintegrables concedidas por diferentes organismos oficiales y otras asimilables cuya finalidad es la financiaci\u00f3n de bienes de inmovilizado propiedad del Grupo se registran una vez realizadas las inversiones correspondientes.  El Grupo sigue el criterio de imputar a resultados de cada ejercicio, en el ep\u00edgrafe Imputaci\u00f3n de subvenciones de inmovilizado no financiero y otras, las mencionadas subvenciones durante el periodo en el que se amorti- zan los bienes de inmovilizado por los cuales las sociedades las han percibido. Para aquellos casos en que la subvenci\u00f3n se otorga en funci\u00f3n de unidades de producto vendidas y que forma parte del precio de venta de los bienes y servicios, su importe estar\u00e1 integrado en el Importe neto de la cifra de negocios a las que afecta.  Las deducciones del impuesto sobre las ganancias concedidas por Administraciones P\u00fablicas como una mi- noraci\u00f3n de la cuota de dicho impuesto que en sustancia tengan la consideraci\u00f3n de subvenciones oficiales de capital, se reconocen mediante la aplicaci\u00f3n de los criterios generales aplicables a las subvenciones ofi- ciales de capital descritos. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGovernmentGrants",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-542": {
   "value": "e)  Inversiones Inmobiliarias  Las sociedades del Grupo valoran sus Inversiones inmobiliarias siguiendo el m\u00e9todo de coste de adquisici\u00f3n. Cuando el importe en libros de estos activos sea superior a su importe recuperable estimado, se deber\u00e1 reducir el valor en libros de forma inmediata. El valor de mercado de las Inversiones inmobiliarias del Grupo se desglosa en la nota 10 de las cuentas anuales consolidadas.  Las Inversiones Inmobiliarias, a excepci\u00f3n de los terrenos, se amortizan distribuyendo linealmente el coste de los diferentes elementos que lo componen entre los a\u00f1os de vida \u00fatil estimada que constituyen. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentPropertyExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-543": {
   "value": "f)  Arrendamientos  Como consecuencia de la aplicaci\u00f3n de la NIIF 16 el Grupo eval\u00faa al inicio de un contrato, si \u00e9ste contiene un arrendamiento. Un contrato es o contiene un arrendamiento, si otorga el derecho a controlar el uso del activo identificado durante un periodo de tiempo a cambio de contraprestaci\u00f3n. El periodo de tiempo durante el que el Grupo utiliza un activo incluye los periodos consecutivos y no consecutivos de tiempo. El Grupo s\u00f3lo reeval\u00faa las condiciones, cuando se produce una modificaci\u00f3n del contrato:     Como arrendatario  En los contratos que contienen uno o m\u00e1s componentes de arrendamiento y distintos de arrendamiento, el Grupo asigna la contraprestaci\u00f3n del contrato a cada componente de arrendamiento de acuerdo con el precio de venta independiente del componente de arrendamiento y el precio individual agregado de los componen- tes distintos del arrendamiento.  Los pagos realizados por el Grupo que no suponen la transferencia de bienes o servicios al mismo por el arrendador no constituyen un componente separado del arrendamiento, sino que forman parte de la contra- prestaci\u00f3n total del contrato.  El Grupo reconoce al comienzo del arrendamiento un activo por derecho de uso y un pasivo por arrenda- miento. El activo por derecho de uso se compone del importe del pasivo por arrendamiento, cualquier pago por arrendamiento realizado en o con anterioridad a la fecha de comienzo, menos los incentivos recibidos, los costes iniciales directos incurridos y una estimaci\u00f3n de los costes de desmantelamiento o restauraci\u00f3n a incurrir, seg\u00fan lo indicado en la pol\u00edtica contable de provisiones.  El Grupo valora el pasivo por arrendamiento por el valor actual de los pagos por arrendamiento que est\u00e9n pendientes de pago en la fecha de comienzo. El Grupo descuenta los pagos por arrendamiento al tipo de inter\u00e9s incremental apropiado, salvo que pueda determinar con fiabilidad el tipo de inter\u00e9s impl\u00edcito del arren- dador.  Los pagos por arrendamiento pendientes se componen de los pagos fijos, menos cualquier incentivo a cobrar, los pagos variables que dependen de un \u00edndice o tasa, valorados inicialmente por el \u00edndice o tasa aplicable en la  fecha de comienzo, los importes que se espera pagar por garant\u00edas de valor residual, el precio de ejercicio de la opci\u00f3n de compra cuyo ejercicio sea razonablemente cierto y los pagos por indemnizaciones por cancelaci\u00f3n de contrato, siempre que el plazo de arrendamiento refleje el ejercicio de la opci\u00f3n de can- celaci\u00f3n.  El Grupo valora los activos por derecho de uso al coste, menos las amortizaciones y p\u00e9rdidas por deterioro acumuladas, ajustados por cualquier reestimaci\u00f3n del pasivo por arrendamiento.  Si el contrato transfiere la propiedad del activo al Grupo al final del plazo de arrendamiento o el activo por derecho de uso incluye el precio de la opci\u00f3n de compra, se aplican los criterios de amortizaci\u00f3n indicados en el apartado de inmovilizado material desde la fecha de comienzo del arrendamiento hasta el final de la vida \u00fatil del activo. En caso contrario, el Grupo amortiza el activo por derecho de uso desde la fecha de comienzo hasta la fecha anterior de entre la vida \u00fatil del derecho o el final del plazo de arrendamiento.  El Grupo aplica los criterios de deterioro de valor de activos no corrientes indicados en el apartado 4.c) al activo por derecho de uso. El Grupo valora el pasivo por arrendamiento increment\u00e1ndolo por el gasto financiero devengado, disminu- y\u00e9ndolo por los pagos realizados y reestimando el valor contable por las modificaciones del arrendamiento o para reflejar las actualizaciones de los pagos fijos en sustancia.  El Grupo registra los pagos variables que no se han incluido en la valoraci\u00f3n inicial del pasivo en resultados del periodo en el que se producen los hechos que desencadenan su desembolso.  El Grupo registra las reestimaciones del pasivo como un ajuste al activo por derecho de uso, hasta que \u00e9ste se reduce a cero y posteriormente en resultados.  El Grupo reestima el pasivo por arrendamiento descontando los pagos por arrendamiento a una tasa actua- lizada, si se produce un cambio en el plazo de arrendamiento o un cambio en la expectativa de ejercicio de la opci\u00f3n de compra del activo subyacente.  El Grupo reestima el pasivo por arrendamiento si se produce un cambio en los importes esperados a pagar de una garant\u00eda de valor residual o un cambio en el \u00edndice o tasa utilizado para determinar los pagos, inclu- yendo un cambio para reflejar cambios en las rentas de mercado una vez se produce una revisi\u00f3n de las mismas.  El Grupo reconoce una modificaci\u00f3n del arrendamiento como un arrendamiento separado si \u00e9sta aumenta el alcance del arrendamiento a\u00f1adiendo uno o m\u00e1s derechos de uso y el importe de la contraprestaci\u00f3n por el arrendamiento aumenta por  un importe consistente con  el precio individual por  el aumento del alcance y cualquier ajuste al precio individual para reflejar las circunstancias particulares del contrato.  Si la modificaci\u00f3n no resulta en un arrendamiento separado, en la fecha de modificaci\u00f3n, el Grupo asigna la contraprestaci\u00f3n al contrato modificado seg\u00fan lo indicado anteriormente, vuelve a determinar el plazo de arrendamiento y reestima el valor del pasivo descontando los pagos revisados al tipo de inter\u00e9s revisado. El Grupo disminuye el valor contable del activo por derecho de uso para reflejar la finalizaci\u00f3n parcial o total del arrendamiento, en aquellas modificaciones que disminuyen el alcance del arrendamiento y registra en resul- tados el beneficio o p\u00e9rdida. Para el resto de las modificaciones, el Grupo ajusta el valor contable del activo por derecho de uso.  El Grupo ha optado por no aplicar las pol\u00edticas contables indicadas para los arrendamientos a corto plazo y aquellos en los que el activo subyacente tiene un valor inferior a 5.000 euros.  En el Estado de Flujos de Efectivo los pagos de los arrendamientos incluidos en el alcance de la NIIF16 incluidos en la pol\u00edtica arriba mencionada se registran por la parte principal del mismo dentro de Flujos de Efectivo por Actividades de Financiaci\u00f3n en el apartado de Otros pagos de actividades de financiaci\u00f3n. Asi- mismo, los pagos de los intereses del arrendamiento se clasifican en el apartado de Pagos de intereses y otros dentro de Otros Flujos de Efectivo de las Actividades de Explotaci\u00f3n.     Como arrendador  En los arrendamientos operativos el Grupo reconoce los ingresos de forma lineal a lo largo del plazo del arrendamiento, salvo que resulte m\u00e1s representativa otra base sistem\u00e1tica de reparto por reflejar m\u00e1s ade- cuadamente el patr\u00f3n por el que el beneficio por el uso del activo va disminuyendo.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-544": {
   "value": "g)  Activos y Pasivos financieros  Reconocimiento y medici\u00f3n inicial  Los instrumentos financieros se clasifican en el momento de su reconocimiento inicial como un activo finan- ciero,  un  pasivo financiero  o  un  instrumento  de  patrimonio,  de  conformidad  con  el  fondo  econ\u00f3mico  del acuerdo contractual y con las definiciones de activo financiero, pasivo financiero o instrumento de patrimonio desarrolladas en la NIC 32 \u201cInstrumentos financieros: Presentaci\u00f3n\u201d.Los instrumentos financieros se reconocen cuando el Grupo se convierte en una parte obligada del contrato o negocio jur\u00eddico conforme a las disposiciones del mismo.   Un activo financiero o un pasivo financiero se mide inicialmente al valor razonable m\u00e1s, en el caso de una partida no medida al valor razonable con cambios en resultados, los costes de transacci\u00f3n directamente atribuible a su adquisici\u00f3n o emisi\u00f3n. Un deudor comercial sin un componente de financiaci\u00f3n significativo se mide inicialmente al precio de la transacci\u00f3n. Clasificaci\u00f3n y medici\u00f3n posterior     Activos financieros:  En el reconocimiento inicial un activo financiero se clasifica como medido a: coste amortizado, a valor razo- nable con cambios en Otro resultado global o a valor razonable con cambios en resultados. Esta clasificaci\u00f3n se realizar\u00e1 atendiendo al modelo de negocio y condiciones contractuales del activo.  Un activo financiero deber\u00e1 medirse al coste amortizado si se cumplen las dos condiciones siguientes y no est\u00e1 medido a valor razonable con cambios en resultados:  o  El activo financiero se conserva dentro de un modelo de negocio cuyo objetivo es mantener los activos financieros para obtener flujos de efectivo contractuales.   o  Las condiciones contractuales del activo financiero dan lugar, en fechas espec\u00edficas, a flujos de efectivo que son \u00fanicamente pagos del principal e intereses sobre el importe del principal pendiente. Un activo financiero se medir\u00e1 al valor razonable con cambios en Otro resultado global si se cumplen las dos condiciones siguientes y no est\u00e1 clasificado como a valor razonable con cambios en resultados:  o  El activo financiero se conserva dentro de un modelo de negocio cuyo objetivo se logra tanto obteniendo los flujos de efectivo contractuales como vendiendo los activos financieros.   o  Las condiciones contractuales del activo financiero dan lugar, en fechas espec\u00edficas, a flujos de efectivo que son \u00fanicamente pagos del principal e intereses sobre el importe del principal pendiente. En el reconocimiento inicial de una inversi\u00f3n en instrumentos de patrimonio que no es mantenida para nego- ciaci\u00f3n, el Grupo puede realizar una elecci\u00f3n irrevocable en el momento del reconocimiento inicial de pre- sentar los cambios posteriores en el valor razonable en Otro resultado global. Esta elecci\u00f3n se hace indivi- dualmente para cada inversi\u00f3n.  Todos los activos financieros no clasificados como medidos al coste amortizado o al valor razonable con cambios en Otro resultado global como se ha descrito anteriormente, son medidos al valor razonable con cambios en resultados.  Los activos financieros no se reclasificar\u00e1n despu\u00e9s de su reconocimiento inicial, excepto si el Grupo cambia su modelo de negocio de gesti\u00f3n de los activos financieros.  El Grupo clasifica sus activos financieros, excluidas las inversiones contabilizadas por el m\u00e9todo de partici- paci\u00f3n, en las siguientes categor\u00edas:  o  Coste amortizado: Los activos financieros clasificados en esta categor\u00eda se miden posteriormente a coste amortizado usando el m\u00e9todo del inter\u00e9s efectivo. El coste amortizado se reduce por las p\u00e9rdidas por deterioro. Los ingresos por intereses, las ganancias y p\u00e9rdidas por conversi\u00f3n de moneda extran- jera y el deterioro se reconocen en resultados. Cualquier ganancia o p\u00e9rdida que surja cuando se den de baja se reconoce directamente en la Cuenta de resultados consolidada.  o  Valor razonable con cambios en Otro resultado global: Estos activos se miden posteriormente a valor razonable. La ganancia o p\u00e9rdida neta resultante se reconoce en Otro resultado global. En el momento de la baja en cuentas, las ganancias y p\u00e9rdidas acumuladas en Otro resultado global no se reclasifican a resultados. En el caso de los instrumentos de patrimonio clasificados en este apartado, las ganancias o p\u00e9rdidas resultantes de variaciones en el valor razonable a la fecha de cierre se reconocen directa- mente en Otro resultado global y nunca se reclasifican en resultados.  Los dividendos de las participaciones en capital clasificadas a valor razonable con cambios en Otro resultado global se imputan a la Cuenta de resultados consolidada en el momento en que queda establecido el derecho de la Sociedad a recibir su importe.  o  Valor razonable con cambios en resultados: Estos activos se miden posteriormente a valor razonable. Las ganancias y p\u00e9rdidas netas, incluyendo cualquier ingreso por intereses o dividendos, se reconocen en resultados.    Pasivos financieros:  Los pasivos financieros, en los cuales se incluyen los pr\u00e9stamos, obligaciones y similares, se registran ini- cialmente por su valor razonable menos los costes de transacci\u00f3n en los que se haya incurrido. En per\u00edodos posteriores, estas obligaciones de financiaci\u00f3n se valoran a su coste amortizado, utilizando el m\u00e9todo del tipo de inter\u00e9s efectivo,  salvo para aquellas operaciones para las que se  han suscrito contratos de cobertura (v\u00e9ase apartado o).   Las deudas financieras se clasifican como pasivos corrientes, a menos que su vencimiento tenga lugar a m\u00e1s de doce meses desde la fecha del Estado de situaci\u00f3n financiera consolidado, en cuyo caso se reconocer\u00e1n como no corrientes.  Baja en cuentas     Activos financieros:  El Grupo da de baja en cuentas un activo financiero cuando expiran los derechos contractuales sobre los flujos de efectivo del activo financiero, o cuando transfiere los derechos a recibir los flujos de efectivo con- tractuales en una transacci\u00f3n en la que se transfieren sustancialmente todos los riesgos y beneficios de la propiedad del activo financiero o no transfiere ni retiene sustancialmente todos los riesgos y beneficios rela- cionados con la propiedad y no retiene control sobre los activos transferidos.    Pasivos financieros:  El Grupo da de baja en cuentas un pasivo financiero cuando sus obligaciones contractuales son pagadas o canceladas, o bien hayan expirado. El Grupo tambi\u00e9n da de baja en cuentas un pasivo financiero cuando se modifican sus condiciones y los flujos de efectivo del pasivo modificado son sustancialmente distintos. En este caso, se reconoce un nuevo pasivo financiero con base en las condiciones nuevas al valor razonable. En el momento de la baja en cuentas de un pasivo financiero, la diferencia entre el importe en libros del pasivo financiero extinto y la contraprestaci\u00f3n pagada (incluidos los activos transferidos que no son en efec- tivo o los pasivos asumidos) se reconoce en resultados. o)  Instrumentos financieros derivados y operaciones de cobertura  El Grupo mantiene instrumentos financieros derivados para cubrir la exposici\u00f3n de riesgo en moneda extran- jera y tasa de inter\u00e9s. El Grupo designa ciertos derivados como instrumentos de cobertura para cubrir la variabilidad en los flujos de efectivo asociados con transacciones previstas altamente probables derivadas de cambios en las tasas de inter\u00e9s y tipo de cambio.   Al inicio de la cobertura, el Grupo designa y documenta formalmente las relaciones de cobertura, as\u00ed como el objetivo y la estrategia que asume con respecto a las mismas.   La contabilizaci\u00f3n de las operaciones de cobertura s\u00f3lo resulta de aplicaci\u00f3n cuando se espera que la cober- tura sea altamente eficaz al inicio de la cobertura y en los ejercicios siguientes para conseguir compensar los cambios en el valor razonable o en los flujos de efectivo atribuibles al riesgo cubierto, durante el periodo para el que se ha designado la misma.  Los instrumentos financieros derivados se registran inicialmente a su valor razonable en la fecha de contrato (coste de adquisici\u00f3n) en el Estado de situaci\u00f3n financiera consolidado y posteriormente se realizan las co- rrecciones valorativas necesarias para reflejar su valor razonable en cada momento. El m\u00e9todo para recono- cer la p\u00e9rdida o ganancia resultante depende de si el derivado se ha designado como un instrumento de cobertura y, si es as\u00ed, de la naturaleza de la partida que est\u00e1 cubriendo.   Cuando un instrumento de cobertura vence o se vende, o cuando no cumple los requisitos exigidos para su contabilizaci\u00f3n como cobertura, cualquier ganancia o p\u00e9rdida acumulada hasta ese momento en el Patrimo- nio neto permanece en el Patrimonio y dicha ganancia o p\u00e9rdida acumulada se registra inmediatamente en la Cuenta de resultados consolidada en la medida que se producen los cambios en los flujos de caja del elemento cubierto. Asimismo, se reconoce en la Cuenta de resultados consolidada la ganancia o p\u00e9rdida acumulada en el Patrimonio neto cuando se espera que la transacci\u00f3n prevista no se vaya a producir.  El Grupo reconoce en Otro resultado global las p\u00e9rdidas o ganancias procedentes de la valoraci\u00f3n a valor razonable del instrumento de cobertura que corresponden a la parte que se haya identificado como cobertura eficaz. La parte de la cobertura que se considera ineficaz, as\u00ed como el componente espec\u00edfico de la p\u00e9rdida o ganancia o flujos de efectivo relacionados con el instrumento de cobertura, excluidos de la valoraci\u00f3n de la eficacia de la cobertura, se reconocen con cargo o abono a cuentas de gastos o ingresos financieros.  El componente separado de Otro resultado global asociado con la partida cubierta se ajusta al menor valor del resultado acumulado del instrumento de cobertura desde el inicio de la misma o al cambio acumulado en el valor razonable o valor actual de los flujos de efectivo futuros esperados de la partida cubierta desde el inicio de la cobertura. No obstante, si el Grupo no espera que la totalidad o parte de una p\u00e9rdida reconocida en Otro resultado global va a ser recuperada en uno o m\u00e1s ejercicios futuros, el importe que no se va a recuperar se reclasifica a resultados como ingresos o gastos financieros.  El valor razonable de los instrumentos financieros derivados utilizados a efectos de cobertura se muestra en la nota 20. Los movimientos dentro del Patrimonio neto se muestran en la nota 14. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-637": {
   "value": "Reconocimiento y medici\u00f3n inicial  Los instrumentos financieros se clasifican en el momento de su reconocimiento inicial como un activo finan- ciero,  un  pasivo financiero  o  un  instrumento  de  patrimonio,  de  conformidad  con  el  fondo  econ\u00f3mico  del acuerdo contractual y con las definiciones de activo financiero, pasivo financiero o instrumento de patrimonio desarrolladas en la NIC 32 \u201cInstrumentos financieros: Presentaci\u00f3n\u201d.  Los instrumentos financieros se reconocen cuando el Grupo se convierte en una parte obligada del contrato o negocio jur\u00eddico conforme a las disposiciones del mismo.   Un activo financiero o un pasivo financiero se mide inicialmente al valor razonable m\u00e1s, en el caso de una partida no medida al valor razonable con cambios en resultados, los costes de transacci\u00f3n directamente atribuible a su adquisici\u00f3n o emisi\u00f3n. Un deudor comercial sin un componente de financiaci\u00f3n significativo se mide inicialmente al precio de la transacci\u00f3n. Clasificaci\u00f3n y medici\u00f3n posterior     Activos financieros:  En el reconocimiento inicial un activo financiero se clasifica como medido a: coste amortizado, a valor razo- nable con cambios en Otro resultado global o a valor razonable con cambios en resultados. Esta clasificaci\u00f3n se realizar\u00e1 atendiendo al modelo de negocio y condiciones contractuales del activo.  Un activo financiero deber\u00e1 medirse al coste amortizado si se cumplen las dos condiciones siguientes y no est\u00e1 medido a valor razonable con cambios en resultados:  o  El activo financiero se conserva dentro de un modelo de negocio cuyo objetivo es mantener los activos financieros para obtener flujos de efectivo contractuales.   o  Las condiciones contractuales del activo financiero dan lugar, en fechas espec\u00edficas, a flujos de efectivo que son \u00fanicamente pagos del principal e intereses sobre el importe del principal pendiente. Un activo financiero se medir\u00e1 al valor razonable con cambios en Otro resultado global si se cumplen las dos condiciones siguientes y no est\u00e1 clasificado como a valor razonable con cambios en resultados:  o  El activo financiero se conserva dentro de un modelo de negocio cuyo objetivo se logra tanto obteniendo los flujos de efectivo contractuales como vendiendo los activos financieros.   o  Las condiciones contractuales del activo financiero dan lugar, en fechas espec\u00edficas, a flujos de efectivo que son \u00fanicamente pagos del principal e intereses sobre el importe del principal pendiente. El Grupo clasifica sus activos financieros, excluidas las inversiones contabilizadas por el m\u00e9todo de partici- paci\u00f3n, en las siguientes categor\u00edas:  o  Coste amortizado: Los activos financieros clasificados en esta categor\u00eda se miden posteriormente a coste amortizado usando el m\u00e9todo del inter\u00e9s efectivo. El coste amortizado se reduce por las p\u00e9rdidas por deterioro. Los ingresos por intereses, las ganancias y p\u00e9rdidas por conversi\u00f3n de moneda extran- jera y el deterioro se reconocen en resultados. Cualquier ganancia o p\u00e9rdida que surja cuando se den de baja se reconoce directamente en la Cuenta de resultados consolidada.  Baja en cuentas     Activos financieros:  El Grupo da de baja en cuentas un activo financiero cuando expiran los derechos contractuales sobre los flujos de efectivo del activo financiero, o cuando transfiere los derechos a recibir los flujos de efectivo con- tractuales en una transacci\u00f3n en la que se transfieren sustancialmente todos los riesgos y beneficios de la propiedad del activo financiero o no transfiere ni retiene sustancialmente todos los riesgos y beneficios rela- cionados con la propiedad y no retiene control sobre los activos transferidos. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLoansAndReceivablesExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-644": {
   "value": "Reconocimiento y medici\u00f3n inicial  Los instrumentos financieros se clasifican en el momento de su reconocimiento inicial como un activo finan- ciero,  un  pasivo financiero  o  un  instrumento  de  patrimonio,  de  conformidad  con  el  fondo  econ\u00f3mico  del acuerdo contractual y con las definiciones de activo financiero, pasivo financiero o instrumento de patrimonio desarrolladas en la NIC 32 \u201cInstrumentos financieros: Presentaci\u00f3n\u201d.  Los instrumentos financieros se reconocen cuando el Grupo se convierte en una parte obligada del contrato o negocio jur\u00eddico conforme a las disposiciones del mismo.   Un activo financiero o un pasivo financiero se mide inicialmente al valor razonable m\u00e1s, en el caso de una partida no medida al valor razonable con cambios en resultados, los costes de transacci\u00f3n directamente atribuible a su adquisici\u00f3n o emisi\u00f3n. Un deudor comercial sin un componente de financiaci\u00f3n significativo se mide inicialmente al precio de la transacci\u00f3n. Clasificaci\u00f3n y medici\u00f3n posterior     Activos financieros:  En el reconocimiento inicial un activo financiero se clasifica como medido a: coste amortizado, a valor razo- nable con cambios en Otro resultado global o a valor razonable con cambios en resultados. Esta clasificaci\u00f3n se realizar\u00e1 atendiendo al modelo de negocio y condiciones contractuales del activo.  Un activo financiero deber\u00e1 medirse al coste amortizado si se cumplen las dos condiciones siguientes y no est\u00e1 medido a valor razonable con cambios en resultados:  o  El activo financiero se conserva dentro de un modelo de negocio cuyo objetivo es mantener los activos financieros para obtener flujos de efectivo contractuales.   o  Las condiciones contractuales del activo financiero dan lugar, en fechas espec\u00edficas, a flujos de efectivo que son \u00fanicamente pagos del principal e intereses sobre el importe del principal pendiente. El Grupo clasifica sus activos financieros, excluidas las inversiones contabilizadas por el m\u00e9todo de partici- paci\u00f3n, en las siguientes categor\u00edas:  o  Coste amortizado: Los activos financieros clasificados en esta categor\u00eda se miden posteriormente a coste amortizado usando el m\u00e9todo del inter\u00e9s efectivo. El coste amortizado se reduce por las p\u00e9rdidas por deterioro. Los ingresos por intereses, las ganancias y p\u00e9rdidas por conversi\u00f3n de moneda extran- jera y el deterioro se reconocen en resultados. Cualquier ganancia o p\u00e9rdida que surja cuando se den de baja se reconoce directamente en la Cuenta de resultados consolidada.  Baja en cuentas     Activos financieros:  El Grupo da de baja en cuentas un activo financiero cuando expiran los derechos contractuales sobre los flujos de efectivo del activo financiero, o cuando transfiere los derechos a recibir los flujos de efectivo con- tractuales en una transacci\u00f3n en la que se transfieren sustancialmente todos los riesgos y beneficios de la propiedad del activo financiero o no transfiere ni retiene sustancialmente todos los riesgos y beneficios rela- cionados con la propiedad y no retiene control sobre los activos transferidos. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-602": {
   "value": "Activos financieros:  En el reconocimiento inicial un activo financiero se clasifica como medido a: coste amortizado, a valor razo- nable con cambios en Otro resultado global o a valor razonable con cambios en resultados. Esta clasificaci\u00f3n se realizar\u00e1 atendiendo al modelo de negocio y condiciones contractuales del activo.  Un activo financiero deber\u00e1 medirse al coste amortizado si se cumplen las dos condiciones siguientes y no est\u00e1 medido a valor razonable con cambios en resultados:  o  El activo financiero se conserva dentro de un modelo de negocio cuyo objetivo es mantener los activos financieros para obtener flujos de efectivo contractuales.   o  Las condiciones contractuales del activo financiero dan lugar, en fechas espec\u00edficas, a flujos de efectivo que son \u00fanicamente pagos del principal e intereses sobre el importe del principal pendiente. Un activo financiero se medir\u00e1 al valor razonable con cambios en Otro resultado global si se cumplen las dos condiciones siguientes y no est\u00e1 clasificado como a valor razonable con cambios en resultados:  o  El activo financiero se conserva dentro de un modelo de negocio cuyo objetivo se logra tanto obteniendo los flujos de efectivo contractuales como vendiendo los activos financieros.   o  Las condiciones contractuales del activo financiero dan lugar, en fechas espec\u00edficas, a flujos de efectivo que son \u00fanicamente pagos del principal e intereses sobre el importe del principal pendiente. En el reconocimiento inicial de una inversi\u00f3n en instrumentos de patrimonio que no es mantenida para nego- ciaci\u00f3n, el Grupo puede realizar una elecci\u00f3n irrevocable en el momento del reconocimiento inicial de pre- sentar los cambios posteriores en el valor razonable en Otro resultado global. Esta elecci\u00f3n se hace indivi- dualmente para cada inversi\u00f3n.  Todos los activos financieros no clasificados como medidos al coste amortizado o al valor razonable con cambios en Otro resultado global como se ha descrito anteriormente, son medidos al valor razonable con cambios en resultados.  Los activos financieros no se reclasificar\u00e1n despu\u00e9s de su reconocimiento inicial, excepto si el Grupo cambia su modelo de negocio de gesti\u00f3n de los activos financieros.  El Grupo clasifica sus activos financieros, excluidas las inversiones contabilizadas por el m\u00e9todo de partici- paci\u00f3n, en las siguientes categor\u00edas:  o  Coste amortizado: Los activos financieros clasificados en esta categor\u00eda se miden posteriormente a coste amortizado usando el m\u00e9todo del inter\u00e9s efectivo. El coste amortizado se reduce por las p\u00e9rdidas por deterioro. Los ingresos por intereses, las ganancias y p\u00e9rdidas por conversi\u00f3n de moneda extran- jera y el deterioro se reconocen en resultados. Cualquier ganancia o p\u00e9rdida que surja cuando se den de baja se reconoce directamente en la Cuenta de resultados consolidada.  o  Valor razonable con cambios en Otro resultado global: Estos activos se miden posteriormente a valor razonable. La ganancia o p\u00e9rdida neta resultante se reconoce en Otro resultado global. En el momento de la baja en cuentas, las ganancias y p\u00e9rdidas acumuladas en Otro resultado global no se reclasifican a resultados. En el caso de los instrumentos de patrimonio clasificados en este apartado, las ganancias o p\u00e9rdidas resultantes de variaciones en el valor razonable a la fecha de cierre se reconocen directa- mente en Otro resultado global y nunca se reclasifican en resultados.  Los dividendos de las participaciones en capital clasificadas a valor razonable con cambios en Otro resultado global se imputan a la Cuenta de resultados consolidada en el momento en que queda establecido el derecho de la Sociedad a recibir su importe.  o  Valor razonable con cambios en resultados: Estos activos se miden posteriormente a valor razonable. Las ganancias y p\u00e9rdidas netas, incluyendo cualquier ingreso por intereses o dividendos, se reconocen en resultados. Activos financieros:  El Grupo da de baja en cuentas un activo financiero cuando expiran los derechos contractuales sobre los flujos de efectivo del activo financiero, o cuando transfiere los derechos a recibir los flujos de efectivo con- tractuales en una transacci\u00f3n en la que se transfieren sustancialmente todos los riesgos y beneficios de la propiedad del activo financiero o no transfiere ni retiene sustancialmente todos los riesgos y beneficios rela- cionados con la propiedad y no retiene control sobre los activos transferidos. Activos financieros  Para el c\u00e1lculo del deterioro se aplica el enfoque general de c\u00e1lculo de la p\u00e9rdida esperada a sus activos financieros distintos a las cuentas por cobrar comerciales para las que se aplicar\u00e1 el enfoque simplificado que establece la NIIF 9, el cual mide la correcci\u00f3n de valor por p\u00e9rdidas a un importe igual a las p\u00e9rdidas crediticias esperadas durante todo el tiempo de vida del activo.  Para determinar si un activo financiero ha experimentado un empeoramiento significativo en su riesgo credi- ticio desde su reconocimiento inicial, o para estimar las p\u00e9rdidas crediticias esperadas durante todo el tiempo de vida del activo, el Grupo considera toda la informaci\u00f3n razonable y sustentable que sea relevante y que est\u00e9 disponible sin esfuerzo o coste desproporcionado. Esto incluye tanto informaci\u00f3n cuantitativa como cua- litativa, basada en la experiencia del Grupo o de otras entidades sobre p\u00e9rdidas crediticias hist\u00f3ricas, e infor- maci\u00f3n de mercado observable sobre el riesgo crediticio del instrumento financiero concreto o instrumentos financieros similares. El Grupo asume que el riesgo de cr\u00e9dito de un activo financiero se ha incrementado significativamente si la mora es superior a 30 d\u00edas. Asimismo, adopta la presunci\u00f3n de impago para un activo financiero que se encuentre en mora superior a 90 d\u00edas, salvo que se tenga informaci\u00f3n razonable y funda- mentada que demuestre la recuperabilidad del cr\u00e9dito.  El Grupo considera que un instrumento de deuda tiene riesgo bajo cuando su calificaci\u00f3n crediticia, es de al menos \u201cgrado de inversi\u00f3n\u201d en alguna de las agencias de rating de reconocido prestigio. El periodo m\u00e1ximo a lo largo del cual se estiman las p\u00e9rdidas crediticias esperadas es el m\u00e1ximo periodo contractual al que se est\u00e1 expuesto.  La NIIF 9 define el enfoque general de la p\u00e9rdida de cr\u00e9dito esperada como el promedio ponderado de las p\u00e9rdidas crediticias con los riesgos respectivos de que ocurra un incumplimiento como ponderadores. Las p\u00e9rdidas crediticias se miden como la diferencia entre todos los flujos de efectivo contractuales a que se tiene derecho de acuerdo con el contrato y todos los flujos de efectivo que la entidad espera recibir (es decir, todos los d\u00e9ficits de efectivo) descontados a la tasa de inter\u00e9s efectiva original.  A grandes rasgos, la p\u00e9rdida esperada se basa en la siguiente f\u00f3rmula:   EAD (Exposure at Default) x PD (Probability of Default) x LGD (Loss Given Default) x DF (Discount factor).   Donde EAD es la exposici\u00f3n al riesgo y se medir\u00eda por los saldos contables (saldos pendientes de recibir un flujo de efectivo u otro activo financiero) minorado en su caso por los pagos anticipados y cualquier garant\u00eda o aval otorgada por el cliente. PD es la probabilidad de impago. LGD es la p\u00e9rdida que se tendr\u00eda en caso de impago del deudor, y se calcular\u00eda como (1 \u2013 la tasa de recuperaci\u00f3n). La tasa de recuperaci\u00f3n depende de las garant\u00edas espec\u00edficas del cr\u00e9dito o pr\u00e9stamo. DF es el valor temporal del dinero.  Siguiendo una jerarqu\u00eda de acuerdo con la NIIF 13 desde las variables m\u00e1s observables a menos observa- bles, se utilizan los siguientes m\u00e9todos:  o  Si el deudor tiene permutas por incumplimiento de cr\u00e9dito (Credit Default Swaps -CDS) cotizados, ge- neralmente la probabilidad de impago se obtiene del CDS, dado que es la medida de cr\u00e9dito de mer- cado m\u00e1s  objetiva  sobre  la  probabilidad  de  impago  de  una  sociedad en  un  momento concreto  del tiempo.  o  Si el deudor no tiene CDS cotizados, se selecciona el rating de la compa\u00f1\u00eda por cada una de las agen- cias de calificaci\u00f3n crediticia que hayan emitido un informe, a partir del cual se realizar\u00e1 el c\u00e1lculo de la probabilidad de impago.   o  Si el deudor  no tiene rating,  una posibilidad es calcular un rating te\u00f3rico comparando los ratios del deudor con los ratios de otras empresas que s\u00ed tienen rating.  Las provisiones por deterioro de los activos financieros medidos a coste amortizado son deducidas del im- porte bruto en libros de dichos activos.  Las p\u00e9rdidas por deterioro relacionadas con cr\u00e9ditos comerciales y otras cuentas a cobrar, incluidos en su caso los activos contractuales bajo NIIF 15, son presentadas en la Cuenta de resultados consolidada. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-504": {
   "value": "Todos los activos financieros no clasificados como medidos al coste amortizado o al valor razonable con cambios en Otro resultado global como se ha descrito anteriormente, son medidos al valor razonable con cambios en resultados.  o  Valor razonable con cambios en resultados: Estos activos se miden posteriormente a valor razonable. Las ganancias y p\u00e9rdidas netas, incluyendo cualquier ingreso por intereses o dividendos, se reconocen en resultados. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-9": {
   "value": "Los activos financieros no se reclasificar\u00e1n despu\u00e9s de su reconocimiento inicial, excepto si el Grupo cambia su modelo de negocio de gesti\u00f3n de los activos financieros.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForReclassificationOfFinancialInstrumentsExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-505": {
   "value": "Los dividendos de las participaciones en capital clasificadas a valor razonable con cambios en Otro resultado global se imputan a la Cuenta de resultados consolidada en el momento en que queda establecido el derecho de la Sociedad a recibir su importe. Los ingresos por intereses se reconocen usando el m\u00e9todo del tipo de inter\u00e9s efectivo.  Los ingresos por dividendos se reconocen cuando se establece el derecho a recibir el cobro. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-603": {
   "value": "   Pasivos financieros:  Los pasivos financieros, en los cuales se incluyen los pr\u00e9stamos, obligaciones y similares, se registran ini- cialmente por su valor razonable menos los costes de transacci\u00f3n en los que se haya incurrido. En per\u00edodos posteriores, estas obligaciones de financiaci\u00f3n se valoran a su coste amortizado, utilizando el m\u00e9todo del tipo de inter\u00e9s efectivo,  salvo para aquellas operaciones para las que se  han suscrito contratos de cobertura (v\u00e9ase apartado o).   Las deudas financieras se clasifican como pasivos corrientes, a menos que su vencimiento tenga lugar a m\u00e1s de doce meses desde la fecha del Estado de situaci\u00f3n financiera consolidado, en cuyo caso se reconocer\u00e1n como no corrientes.  Pasivos financieros:  El Grupo da de baja en cuentas un pasivo financiero cuando sus obligaciones contractuales son pagadas o canceladas, o bien hayan expirado. El Grupo tambi\u00e9n da de baja en cuentas un pasivo financiero cuando se modifican sus condiciones y los flujos de efectivo del pasivo modificado son sustancialmente distintos. En este caso, se reconoce un nuevo pasivo financiero con base en las condiciones nuevas al valor razonable. En el momento de la baja en cuentas de un pasivo financiero, la diferencia entre el importe en libros del pasivo financiero extinto y la contraprestaci\u00f3n pagada (incluidos los activos transferidos que no son en efec- tivo o los pasivos asumidos) se reconoce en resultados. l)  Pasivos por contratos  Los pasivos por contratos no corrientes procedentes, en general, de contratos o compromisos plurianuales se imputan a resultados en el ep\u00edgrafe Importe neto de la cifra de negocio, seg\u00fan proceda, a lo largo del periodo de vigencia de dichos contratos o compromisos. q)  Acreedores comerciales  Los acreedores se reconocen inicialmente a su valor razonable y posteriormente se valoran por su coste amortizado utilizando el m\u00e9todo del tipo de inter\u00e9s efectivo. Los acreedores con vencimiento inferior al a\u00f1o y que no tengan un tipo de inter\u00e9s contractual, cuyo importe se espera pagar en el corto plazo, se valoran por su valor nominal. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-506": {
   "value": "Las deudas financieras se clasifican como pasivos corrientes, a menos que su vencimiento tenga lugar a m\u00e1s de doce meses desde la fecha del Estado de situaci\u00f3n financiera consolidado, en cuyo caso se reconocer\u00e1n como no corrientes.  ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingsExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-507": {
   "value": "Baja en cuentas     Activos financieros:  El Grupo da de baja en cuentas un activo financiero cuando expiran los derechos contractuales sobre los flujos de efectivo del activo financiero, o cuando transfiere los derechos a recibir los flujos de efectivo con- tractuales en una transacci\u00f3n en la que se transfieren sustancialmente todos los riesgos y beneficios de la propiedad del activo financiero o no transfiere ni retiene sustancialmente todos los riesgos y beneficios rela- cionados con la propiedad y no retiene control sobre los activos transferidos.    Pasivos financieros:  El Grupo da de baja en cuentas un pasivo financiero cuando sus obligaciones contractuales son pagadas o canceladas, o bien hayan expirado. El Grupo tambi\u00e9n da de baja en cuentas un pasivo financiero cuando se modifican sus condiciones y los flujos de efectivo del pasivo modificado son sustancialmente distintos. En este caso, se reconoce un nuevo pasivo financiero con base en las condiciones nuevas al valor razonable. En el momento de la baja en cuentas de un pasivo financiero, la diferencia entre el importe en libros del pasivo financiero extinto y la contraprestaci\u00f3n pagada (incluidos los activos transferidos que no son en efec- tivo o los pasivos asumidos) se reconoce en resultados. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-546": {
   "value": "h)  Existencias   Las existencias de materiales y repuestos se valorar\u00e1n a su coste de adquisici\u00f3n, determinado mediante el m\u00e9todo del precio medio ponderado o valor neto realizable, si \u00e9ste fuese menor.   El coste de adquisici\u00f3n comprende el valor de compra, los aranceles de importaci\u00f3n y otros impuestos (que no sean recuperables), los transportes, el almacenamiento y otros costes directamente atribuibles a la adqui- sici\u00f3n de los materiales o los servicios. Los descuentos comerciales, las rebajas y otras partidas similares se deducir\u00e1n para determinar el coste de adquisici\u00f3n.  En caso de que para la adquisici\u00f3n de estas existencias se haya acudido a financiaci\u00f3n, el gasto incurrido podr\u00e1 reconocerse como mayor coste de las existencias hasta el momento en el que estos activos est\u00e9n sustancialmente preparados para su utilizaci\u00f3n o venta si procediese.  Al final de cada ejercicio se realizar\u00e1 una evaluaci\u00f3n del valor neto realizable de las existencias, registr\u00e1ndose correcciones de valor como un gasto en la Cuenta de resultados consolidada, cuando su coste excede a su valor de mercado o cuando existan dudas sobre su utilizaci\u00f3n. En caso de que las circunstancias que causen esta disminuci\u00f3n dejen de existir o cuando exista clara evidencia de incremento en el valor neto realizable debido a un cambio en las circunstancias econ\u00f3micas, se proceder\u00e1 a revertir el importe de la misma y a reconocer como ingreso en la Cuenta de resultados consolidada esta recuperaci\u00f3n. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-545": {
   "value": "i)  Deterioro del valor de los activos     Activos financieros  Para el c\u00e1lculo del deterioro se aplica el enfoque general de c\u00e1lculo de la p\u00e9rdida esperada a sus activos financieros distintos a las cuentas por cobrar comerciales para las que se aplicar\u00e1 el enfoque simplificado que establece la NIIF 9, el cual mide la correcci\u00f3n de valor por p\u00e9rdidas a un importe igual a las p\u00e9rdidas crediticias esperadas durante todo el tiempo de vida del activo.  Para determinar si un activo financiero ha experimentado un empeoramiento significativo en su riesgo credi- ticio desde su reconocimiento inicial, o para estimar las p\u00e9rdidas crediticias esperadas durante todo el tiempo de vida del activo, el Grupo considera toda la informaci\u00f3n razonable y sustentable que sea relevante y que est\u00e9 disponible sin esfuerzo o coste desproporcionado. Esto incluye tanto informaci\u00f3n cuantitativa como cua- litativa, basada en la experiencia del Grupo o de otras entidades sobre p\u00e9rdidas crediticias hist\u00f3ricas, e infor- maci\u00f3n de mercado observable sobre el riesgo crediticio del instrumento financiero concreto o instrumentos financieros similares. El Grupo asume que el riesgo de cr\u00e9dito de un activo financiero se ha incrementado significativamente si la mora es superior a 30 d\u00edas. Asimismo, adopta la presunci\u00f3n de impago para un activo financiero que se encuentre en mora superior a 90 d\u00edas, salvo que se tenga informaci\u00f3n razonable y funda- mentada que demuestre la recuperabilidad del cr\u00e9dito.  El Grupo considera que un instrumento de deuda tiene riesgo bajo cuando su calificaci\u00f3n crediticia, es de al menos \u201cgrado de inversi\u00f3n\u201d en alguna de las agencias de rating de reconocido prestigio. El periodo m\u00e1ximo a lo largo del cual se estiman las p\u00e9rdidas crediticias esperadas es el m\u00e1ximo periodo contractual al que se est\u00e1 expuesto.  La NIIF 9 define el enfoque general de la p\u00e9rdida de cr\u00e9dito esperada como el promedio ponderado de las p\u00e9rdidas crediticias con los riesgos respectivos de que ocurra un incumplimiento como ponderadores. Las p\u00e9rdidas crediticias se miden como la diferencia entre todos los flujos de efectivo contractuales a que se tiene derecho de acuerdo con el contrato y todos los flujos de efectivo que la entidad espera recibir (es decir, todos los d\u00e9ficits de efectivo) descontados a la tasa de inter\u00e9s efectiva original.  A grandes rasgos, la p\u00e9rdida esperada se basa en la siguiente f\u00f3rmula:   EAD (Exposure at Default) x PD (Probability of Default) x LGD (Loss Given Default) x DF (Discount factor).   Donde EAD es la exposici\u00f3n al riesgo y se medir\u00eda por los saldos contables (saldos pendientes de recibir un flujo de efectivo u otro activo financiero) minorado en su caso por los pagos anticipados y cualquier garant\u00eda o aval otorgada por el cliente. PD es la probabilidad de impago. LGD es la p\u00e9rdida que se tendr\u00eda en caso de impago del deudor, y se calcular\u00eda como (1 \u2013 la tasa de recuperaci\u00f3n). La tasa de recuperaci\u00f3n depende de las garant\u00edas espec\u00edficas del cr\u00e9dito o pr\u00e9stamo. DF es el valor temporal del dinero.  Siguiendo una jerarqu\u00eda de acuerdo con la NIIF 13 desde las variables m\u00e1s observables a menos observa- bles, se utilizan los siguientes m\u00e9todos:  o  Si el deudor tiene permutas por incumplimiento de cr\u00e9dito (Credit Default Swaps -CDS) cotizados, ge- neralmente la probabilidad de impago se obtiene del CDS, dado que es la medida de cr\u00e9dito de mer- cado m\u00e1s  objetiva  sobre  la  probabilidad  de  impago  de  una  sociedad en  un  momento concreto  del tiempo.  o  Si el deudor no tiene CDS cotizados, se selecciona el rating de la compa\u00f1\u00eda por cada una de las agen- cias de calificaci\u00f3n crediticia que hayan emitido un informe, a partir del cual se realizar\u00e1 el c\u00e1lculo de la probabilidad de impago.   o  Si el deudor  no tiene rating,  una posibilidad es calcular un rating te\u00f3rico comparando los ratios del deudor con los ratios de otras empresas que s\u00ed tienen rating.  Las provisiones por deterioro de los activos financieros medidos a coste amortizado son deducidas del im- porte bruto en libros de dichos activos.  Las p\u00e9rdidas por deterioro relacionadas con cr\u00e9ditos comerciales y otras cuentas a cobrar, incluidos en su caso los activos contractuales bajo NIIF 15, son presentadas en la Cuenta de resultados consolidada.    Activos no financieros  Las sociedades del Grupo siguen el criterio de analizar la recuperabilidad de sus activos a la fecha de cierre de cada ejercicio y siempre que alg\u00fan suceso o cambio en las circunstancias indique que el importe contabi- lizado puede no ser recuperable. En concreto para los activos de vida \u00fatil indefinida se realiza con una perio- dicidad al menos anual y para el resto de activos siempre y cuando existan indicios de deterioro.  Si el importe recuperable de un activo es inferior a su importe registrado en libros, entonces se entiende que se ha producido un deterioro del valor del activo, que debe ser reconocido contablemente como una p\u00e9rdida de valor por deterioro, imputando dicha p\u00e9rdida a la Cuenta de resultados consolidada. As\u00ed, la p\u00e9rdida por deterioro es la diferencia existente entre el valor en libros de un activo y su valor recuperable. El valor recu- perable de los activos es el mayor entre su valor razonable menos los costes de enajenaci\u00f3n o disposici\u00f3n por otra v\u00eda y su valor en uso.  El c\u00e1lculo  del valor en uso se realiza en base a flujos de efectivo futuros esperados.   Las p\u00e9rdidas por deterioro reconocidas en un activo en ejercicios anteriores son revertidas cuando se produce un cambio en las estimaciones sobre su importe recuperable, aumentando el valor del activo con abono a resultados con el l\u00edmite del valor en libros que el activo hubiera tenido de no haberse realizado el deterioro. Las p\u00e9rdidas por deterioro de fondos de comercio no son objeto de reversi\u00f3n en periodos posteriores.  El c\u00e1lculo del deterioro se realiza para los activos individuales. Si no fuera posible la estimaci\u00f3n del valor recuperable del activo individual se determinar\u00e1 el valor recuperable de la Unidad Generadora de Efectivo (UGE) a la que pertenece dicho activo.  El Grupo tiene Unidades Generadoras de Efectivo (UGEs) que  son el grupo  identificable de activos m\u00e1s peque\u00f1o capaz de generar entradas de efectivo que sean, en buena medida, independientes de los flujos de efectivo derivados de otros activos o grupos de activos. Las UGEs identificadas son las relacionadas con el transporte de energ\u00eda el\u00e9ctrica (en Espa\u00f1a, Per\u00fa, Chile, Brasil) y las telecomunicaciones asociadas al negocio satelital y al negocio de fibra \u00f3ptica).  El Grupo realiza tests de deterioro cuando observa indicios, tales como cambios en la regulaci\u00f3n sectorial, modificaciones en los planes de inversi\u00f3n o en la evoluci\u00f3n de los negocios y otros par\u00e1metros que pudieran poner de manifiesto el potencial deterioro de valor  de los activos no financieros sujetos a amortizaci\u00f3n o depreciaci\u00f3n. Para el c\u00e1lculo del deterioro el Grupo verifica que el importe recuperable de cada Unidad Ge- neradora de Efectivo (UGE) a la que est\u00e1n asociados los activos o de activos individuales, es superior a su valor neto contable.   En caso contrario se reconoce en la Cuenta de resultados consolidada una p\u00e9rdida por deterioro por la dife- rencia entre ambos con cargo al ep\u00edgrafe Deterioro y resultado por enajenaci\u00f3n de Inmovilizado hasta el l\u00edmite mayor entre los siguientes: (i) su valor razonable minorado por los costes necesarios para su venta y (ii) su valor en uso. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-10": {
   "value": "Activos financieros  Para el c\u00e1lculo del deterioro se aplica el enfoque general de c\u00e1lculo de la p\u00e9rdida esperada a sus activos financieros distintos a las cuentas por cobrar comerciales para las que se aplicar\u00e1 el enfoque simplificado que establece la NIIF 9, el cual mide la correcci\u00f3n de valor por p\u00e9rdidas a un importe igual a las p\u00e9rdidas crediticias esperadas durante todo el tiempo de vida del activo.  Para determinar si un activo financiero ha experimentado un empeoramiento significativo en su riesgo credi- ticio desde su reconocimiento inicial, o para estimar las p\u00e9rdidas crediticias esperadas durante todo el tiempo de vida del activo, el Grupo considera toda la informaci\u00f3n razonable y sustentable que sea relevante y que est\u00e9 disponible sin esfuerzo o coste desproporcionado. Esto incluye tanto informaci\u00f3n cuantitativa como cua- litativa, basada en la experiencia del Grupo o de otras entidades sobre p\u00e9rdidas crediticias hist\u00f3ricas, e infor- maci\u00f3n de mercado observable sobre el riesgo crediticio del instrumento financiero concreto o instrumentos financieros similares. El Grupo asume que el riesgo de cr\u00e9dito de un activo financiero se ha incrementado significativamente si la mora es superior a 30 d\u00edas. Asimismo, adopta la presunci\u00f3n de impago para un activo financiero que se encuentre en mora superior a 90 d\u00edas, salvo que se tenga informaci\u00f3n razonable y funda- mentada que demuestre la recuperabilidad del cr\u00e9dito.  El Grupo considera que un instrumento de deuda tiene riesgo bajo cuando su calificaci\u00f3n crediticia, es de al menos \u201cgrado de inversi\u00f3n\u201d en alguna de las agencias de rating de reconocido prestigio. El periodo m\u00e1ximo a lo largo del cual se estiman las p\u00e9rdidas crediticias esperadas es el m\u00e1ximo periodo contractual al que se est\u00e1 expuesto.  La NIIF 9 define el enfoque general de la p\u00e9rdida de cr\u00e9dito esperada como el promedio ponderado de las p\u00e9rdidas crediticias con los riesgos respectivos de que ocurra un incumplimiento como ponderadores. Las p\u00e9rdidas crediticias se miden como la diferencia entre todos los flujos de efectivo contractuales a que se tiene derecho de acuerdo con el contrato y todos los flujos de efectivo que la entidad espera recibir (es decir, todos los d\u00e9ficits de efectivo) descontados a la tasa de inter\u00e9s efectiva original.  A grandes rasgos, la p\u00e9rdida esperada se basa en la siguiente f\u00f3rmula:   EAD (Exposure at Default) x PD (Probability of Default) x LGD (Loss Given Default) x DF (Discount factor).   Donde EAD es la exposici\u00f3n al riesgo y se medir\u00eda por los saldos contables (saldos pendientes de recibir un flujo de efectivo u otro activo financiero) minorado en su caso por los pagos anticipados y cualquier garant\u00eda o aval otorgada por el cliente. PD es la probabilidad de impago. LGD es la p\u00e9rdida que se tendr\u00eda en caso de impago del deudor, y se calcular\u00eda como (1 \u2013 la tasa de recuperaci\u00f3n). La tasa de recuperaci\u00f3n depende de las garant\u00edas espec\u00edficas del cr\u00e9dito o pr\u00e9stamo. DF es el valor temporal del dinero.  Siguiendo una jerarqu\u00eda de acuerdo con la NIIF 13 desde las variables m\u00e1s observables a menos observa- bles, se utilizan los siguientes m\u00e9todos:  o  Si el deudor tiene permutas por incumplimiento de cr\u00e9dito (Credit Default Swaps -CDS) cotizados, ge- neralmente la probabilidad de impago se obtiene del CDS, dado que es la medida de cr\u00e9dito de mer- cado m\u00e1s  objetiva  sobre  la  probabilidad  de  impago  de  una  sociedad en  un  momento concreto  del tiempo.  o  Si el deudor no tiene CDS cotizados, se selecciona el rating de la compa\u00f1\u00eda por cada una de las agen- cias de calificaci\u00f3n crediticia que hayan emitido un informe, a partir del cual se realizar\u00e1 el c\u00e1lculo de la probabilidad de impago.   o  Si el deudor  no tiene rating,  una posibilidad es calcular un rating te\u00f3rico comparando los ratios del deudor con los ratios de otras empresas que s\u00ed tienen rating.  Las provisiones por deterioro de los activos financieros medidos a coste amortizado son deducidas del im- porte bruto en libros de dichos activos.  Las p\u00e9rdidas por deterioro relacionadas con cr\u00e9ditos comerciales y otras cuentas a cobrar, incluidos en su caso los activos contractuales bajo NIIF 15, son presentadas en la Cuenta de resultados consolidada. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-547": {
   "value": "El Capital social est\u00e1 representado por acciones ordinarias. Los costes de emisi\u00f3n de nuevas acciones, netos de impuestos, se deducen del Patrimonio.  ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIssuedCapitalExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-548": {
   "value": "Las acciones propias se valoran a su coste de adquisici\u00f3n y se presentan minorando la cifra de Patrimonio en el Estado de situaci\u00f3n financiera consolidado. Cualquier ganancia o p\u00e9rdida obtenida en la compra, venta, emisi\u00f3n o amortizaci\u00f3n de acciones propias, se reconoce directamente en Patrimonio neto. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTreasurySharesExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-615": {
   "value": "El dividendo a cuenta minora el Patrimonio neto del ejercicio a que corresponde dicho dividendo, en base al acuerdo del Consejo de Administraci\u00f3n. El dividendo complementario no se deduce del Patrimonio neto hasta la aprobaci\u00f3n por la Junta General de Accionistas correspondiente.  Los ingresos por dividendos se reconocen cuando se establece el derecho a recibir el cobro. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDividendsExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-549": {
   "value": "l)  Pasivos por contratos  Los pasivos por contratos no corrientes procedentes, en general, de contratos o compromisos plurianuales se imputan a resultados en el ep\u00edgrafe Importe neto de la cifra de negocio, seg\u00fan proceda, a lo largo del periodo de vigencia de dichos contratos o compromisos. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfOtherAccountingPoliciesRelevantToUnderstandingOfFinancialStatements",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-550": {
   "value": "m)  Provisiones     Prestaciones a los empleados   o  Obligaciones por pensiones  El Grupo tiene planes de aportaciones definidas, que son planes que definen el importe de la prestaci\u00f3n que recibir\u00e1 un empleado en el momento de su jubilaci\u00f3n, normalmente en funci\u00f3n de uno o m\u00e1s factores como la edad, rentabilidad del fondo, a\u00f1os de servicio o remuneraci\u00f3n. Un plan de aportaciones definidas es un plan de pensiones bajo el cual el Grupo paga aportaciones fijas a una entidad separada y no tiene ninguna obligaci\u00f3n, ni legal ni impl\u00edcita, de realizar aportaciones adicionales si el fondo no posee activos suficientes para pagar a todos los empleados las prestaciones relacionadas con los servicios prestados en el ejercicio corriente y en ejercicios anteriores. Las aportaciones se reconocen como prestaciones a los empleados cuando se devengan.  o  Otras prestaciones a largo plazo   Otras prestaciones a largo plazo a los empleados incluyen los planes de prestaci\u00f3n definida distintos de planes de pensiones, tales como seguro m\u00e9dico, a parte de los empleados activos y jubilados del Grupo. Los costes esperados de estas prestaciones se reconocen durante la vida laboral de los empleados y se recogen en el ep\u00edgrafe de Provisiones. Estas obligaciones se valoran anualmente por actuarios cualifica- dos independientes. Los cambios en las hip\u00f3tesis actuariales se reconocen, netos de impuestos, en el Patrimonio neto como Reservas en el ejercicio en el que se producen y el coste de los servicios pasados se reconoce en la Cuenta de resultados consolidada.  Asimismo, en este ep\u00edgrafe se incluyen los programas de retribuci\u00f3n a largo plazo que son aprobados por los \u00f3rganos competentes en cada una de las Sociedades del Grupo (v\u00e9ase nota 16).  En 2015 la Comisi\u00f3n de Nombramientos y Retribuciones del Grupo aprob\u00f3 la puesta en marcha de un Plan de Gesti\u00f3n Estructural (en adelante el \u201cPlan\u201d) que ser\u00e1 de aplicaci\u00f3n a una parte del equipo directivo, con el objetivo de gestionar el relevo y gesti\u00f3n de las posiciones directivas afectadas por el mismo, de una forma ordenada y eficiente. Los directivos afectados por este Plan, al alcanzar la edad fijada, tendr\u00e1n derecho a percibir una cantidad equivalente de hasta 3,5 anualidades, dependiendo de la categor\u00eda del directivo, de su retribuci\u00f3n fija y variable anual que tengan en el momento de abandonar el Grupo. La participaci\u00f3n en el Plan se  encuentra sujeta al cumplimiento de determinadas condiciones y el mismo podr\u00e1 ser modificado o revocado por el Grupo en determinados supuestos, entre los que se incluye una evoluci\u00f3n desfavorable de forma consecutiva de los resultados del Grupo (v\u00e9ase nota 16).     Otras provisiones  El Grupo dota provisiones para hacer frente a las obligaciones contra\u00eddas presentes ya sean legales o impl\u00ed- citas, que surjan como resultado de sucesos pasados, siempre que exista probabilidad de desprenderse de recursos para hacer frente a dichas obligaciones y que se pueda realizar una estimaci\u00f3n fiable del importe de las mismas. Su dotaci\u00f3n se efect\u00faa al nacimiento de la responsabilidad o de la obligaci\u00f3n. Asimismo, para aquellos procedimientos que son valorados con una probabilidad de ocurrencia inferior al 50%, no se realiza provisi\u00f3n al considerar que, la futura resoluci\u00f3n de estos procedimientos ser\u00e1 favorable.  Las provisiones se valoran por el valor actual de los desembolsos que se espera que ser\u00e1n necesarios para liquidar la obligaci\u00f3n usando una tasa libre de riesgo antes de impuestos, que refleje las evaluaciones del valor temporal del dinero actualizado. El incremento en la provisi\u00f3n con motivo del paso del tiempo se reco- noce como gasto financiero en la Cuenta de resultados consolidada. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-604": {
   "value": "   Prestaciones a los empleados   o  Obligaciones por pensiones  El Grupo tiene planes de aportaciones definidas, que son planes que definen el importe de la prestaci\u00f3n que recibir\u00e1 un empleado en el momento de su jubilaci\u00f3n, normalmente en funci\u00f3n de uno o m\u00e1s factores como la edad, rentabilidad del fondo, a\u00f1os de servicio o remuneraci\u00f3n. Un plan de aportaciones definidas es un plan de pensiones bajo el cual el Grupo paga aportaciones fijas a una entidad separada y no tiene ninguna obligaci\u00f3n, ni legal ni impl\u00edcita, de realizar aportaciones adicionales si el fondo no posee activos suficientes para pagar a todos los empleados las prestaciones relacionadas con los servicios prestados en el ejercicio corriente y en ejercicios anteriores. Las aportaciones se reconocen como prestaciones a los empleados cuando se devengan.  o  Otras prestaciones a largo plazo   Otras prestaciones a largo plazo a los empleados incluyen los planes de prestaci\u00f3n definida distintos de planes de pensiones, tales como seguro m\u00e9dico, a parte de los empleados activos y jubilados del Grupo. Los costes esperados de estas prestaciones se reconocen durante la vida laboral de los empleados y se recogen en el ep\u00edgrafe de Provisiones. Estas obligaciones se valoran anualmente por actuarios cualifica- dos independientes. Los cambios en las hip\u00f3tesis actuariales se reconocen, netos de impuestos, en el Patrimonio neto como Reservas en el ejercicio en el que se producen y el coste de los servicios pasados se reconoce en la Cuenta de resultados consolidada.  Asimismo, en este ep\u00edgrafe se incluyen los programas de retribuci\u00f3n a largo plazo que son aprobados por los \u00f3rganos competentes en cada una de las Sociedades del Grupo (v\u00e9ase nota 16).  En 2015 la Comisi\u00f3n de Nombramientos y Retribuciones del Grupo aprob\u00f3 la puesta en marcha de un Plan de Gesti\u00f3n Estructural (en adelante el \u201cPlan\u201d) que ser\u00e1 de aplicaci\u00f3n a una parte del equipo directivo, con el objetivo de gestionar el relevo y gesti\u00f3n de las posiciones directivas afectadas por el mismo, de una forma ordenada y eficiente. Los directivos afectados por este Plan, al alcanzar la edad fijada, tendr\u00e1n derecho a percibir una cantidad equivalente de hasta 3,5 anualidades, dependiendo de la categor\u00eda del directivo, de su retribuci\u00f3n fija y variable anual que tengan en el momento de abandonar el Grupo. La participaci\u00f3n en el Plan se  encuentra sujeta al cumplimiento de determinadas condiciones y el mismo podr\u00e1 ser modificado o revocado por el Grupo en determinados supuestos, entre los que se incluye una evoluci\u00f3n desfavorable de forma consecutiva de los resultados del Grupo (v\u00e9ase nota 16). ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-551": {
   "value": "n)  Transacciones en moneda distinta del euro     Transacciones en moneda extranjera  Las transacciones en moneda extranjera son convertidas a la moneda funcional respectiva de las sociedades del Grupo en las fechas de las transacciones. Los activos y pasivos monetarios denominados en monedas extranjeras a la fecha de presentaci\u00f3n son reconvertidos a la moneda funcional a la tasa de cambio de esa fecha. Durante el ejercicio, las diferencias que se producen entre el tipo de cambio contabilizado y el que se encuentra en vigor a la fecha del cobro o pago, se registran con cargo o abono a la Cuenta de resultados consolidada. Asimismo, la conversi\u00f3n de los valores de renta fija, as\u00ed como de los cr\u00e9ditos y d\u00e9bitos en moneda distinta del euro a 31 de diciembre de cada a\u00f1o se realizan al tipo de cambio de cierre. Las diferencias de valoraci\u00f3n producidas se registran con cargo o abono al ep\u00edgrafe Diferencias de cambio de la Cuenta de resultados consolidada, seg\u00fan sea su signo.   Aquellas operaciones realizadas en moneda extranjera en las que el Grupo ha decidido mitigar el riesgo de tipo de cambio mediante la contrataci\u00f3n de instrumentos financieros derivados u otros instrumentos de co- bertura se registran seg\u00fan los principios descritos en Instrumentos financieros derivados y operaciones de cobertura.     Operaciones en el extranjero  Los activos y pasivos de las operaciones en el extranjero se convierten a euros usando las tasas de cambio a la fecha de presentaci\u00f3n. Los ingresos y gastos de los negocios en el extranjero se convierten a euros usando las tasas de cambio a las fechas de las transacciones.  Las diferencias de conversi\u00f3n de moneda extranjera se reconocen en Otro resultado global y se presentan dentro del Patrimonio neto. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-605": {
   "value": "o)  Instrumentos financieros derivados y operaciones de cobertura  El Grupo mantiene instrumentos financieros derivados para cubrir la exposici\u00f3n de riesgo en moneda extran- jera y tasa de inter\u00e9s. El Grupo designa ciertos derivados como instrumentos de cobertura para cubrir la variabilidad en los flujos de efectivo asociados con transacciones previstas altamente probables derivadas de cambios en las tasas de inter\u00e9s y tipo de cambio.   Al inicio de la cobertura, el Grupo designa y documenta formalmente las relaciones de cobertura, as\u00ed como el objetivo y la estrategia que asume con respecto a las mismas.   La contabilizaci\u00f3n de las operaciones de cobertura s\u00f3lo resulta de aplicaci\u00f3n cuando se espera que la cober- tura sea altamente eficaz al inicio de la cobertura y en los ejercicios siguientes para conseguir compensar los cambios en el valor razonable o en los flujos de efectivo atribuibles al riesgo cubierto, durante el periodo para el que se ha designado la misma.  Los instrumentos financieros derivados se registran inicialmente a su valor razonable en la fecha de contrato (coste de adquisici\u00f3n) en el Estado de situaci\u00f3n financiera consolidado y posteriormente se realizan las co- rrecciones valorativas necesarias para reflejar su valor razonable en cada momento. El m\u00e9todo para recono- cer la p\u00e9rdida o ganancia resultante depende de si el derivado se ha designado como un instrumento de cobertura y, si es as\u00ed, de la naturaleza de la partida que est\u00e1 cubriendo.   Cuando un instrumento de cobertura vence o se vende, o cuando no cumple los requisitos exigidos para su contabilizaci\u00f3n como cobertura, cualquier ganancia o p\u00e9rdida acumulada hasta ese momento en el Patrimo- nio neto permanece en el Patrimonio y dicha ganancia o p\u00e9rdida acumulada se registra inmediatamente en la Cuenta de resultados consolidada en la medida que se producen los cambios en los flujos de caja del elemento cubierto. Asimismo, se reconoce en la Cuenta de resultados consolidada la ganancia o p\u00e9rdida acumulada en el Patrimonio neto cuando se espera que la transacci\u00f3n prevista no se vaya a producir.  El Grupo reconoce en Otro resultado global las p\u00e9rdidas o ganancias procedentes de la valoraci\u00f3n a valor razonable del instrumento de cobertura que corresponden a la parte que se haya identificado como cobertura eficaz. La parte de la cobertura que se considera ineficaz, as\u00ed como el componente espec\u00edfico de la p\u00e9rdida o ganancia o flujos de efectivo relacionados con el instrumento de cobertura, excluidos de la valoraci\u00f3n de la eficacia de la cobertura, se reconocen con cargo o abono a cuentas de gastos o ingresos financieros.  El componente separado de Otro resultado global asociado con la partida cubierta se ajusta al menor valor del resultado acumulado del instrumento de cobertura desde el inicio de la misma o al cambio acumulado en el valor razonable o valor actual de los flujos de efectivo futuros esperados de la partida cubierta desde el inicio de la cobertura. No obstante, si el Grupo no espera que la totalidad o parte de una p\u00e9rdida reconocida en Otro resultado global va a ser recuperada en uno o m\u00e1s ejercicios futuros, el importe que no se va a recuperar se reclasifica a resultados como ingresos o gastos financieros.  El valor razonable de los instrumentos financieros derivados utilizados a efectos de cobertura se muestra en la nota 20. Los movimientos dentro del Patrimonio neto se muestran en la nota 14. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-508": {
   "value": "o)  Instrumentos financieros derivados y operaciones de cobertura  El Grupo mantiene instrumentos financieros derivados para cubrir la exposici\u00f3n de riesgo en moneda extran- jera y tasa de inter\u00e9s. El Grupo designa ciertos derivados como instrumentos de cobertura para cubrir la variabilidad en los flujos de efectivo asociados con transacciones previstas altamente probables derivadas de cambios en las tasas de inter\u00e9s y tipo de cambio.   Al inicio de la cobertura, el Grupo designa y documenta formalmente las relaciones de cobertura, as\u00ed como el objetivo y la estrategia que asume con respecto a las mismas.   La contabilizaci\u00f3n de las operaciones de cobertura s\u00f3lo resulta de aplicaci\u00f3n cuando se espera que la cober- tura sea altamente eficaz al inicio de la cobertura y en los ejercicios siguientes para conseguir compensar los cambios en el valor razonable o en los flujos de efectivo atribuibles al riesgo cubierto, durante el periodo para el que se ha designado la misma.  Los instrumentos financieros derivados se registran inicialmente a su valor razonable en la fecha de contrato (coste de adquisici\u00f3n) en el Estado de situaci\u00f3n financiera consolidado y posteriormente se realizan las co- rrecciones valorativas necesarias para reflejar su valor razonable en cada momento. El m\u00e9todo para recono- cer la p\u00e9rdida o ganancia resultante depende de si el derivado se ha designado como un instrumento de cobertura y, si es as\u00ed, de la naturaleza de la partida que est\u00e1 cubriendo.   Cuando un instrumento de cobertura vence o se vende, o cuando no cumple los requisitos exigidos para su contabilizaci\u00f3n como cobertura, cualquier ganancia o p\u00e9rdida acumulada hasta ese momento en el Patrimo- nio neto permanece en el Patrimonio y dicha ganancia o p\u00e9rdida acumulada se registra inmediatamente en la Cuenta de resultados consolidada en la medida que se producen los cambios en los flujos de caja del elemento cubierto. Asimismo, se reconoce en la Cuenta de resultados consolidada la ganancia o p\u00e9rdida acumulada en el Patrimonio neto cuando se espera que la transacci\u00f3n prevista no se vaya a producir.  El Grupo reconoce en Otro resultado global las p\u00e9rdidas o ganancias procedentes de la valoraci\u00f3n a valor razonable del instrumento de cobertura que corresponden a la parte que se haya identificado como cobertura eficaz. La parte de la cobertura que se considera ineficaz, as\u00ed como el componente espec\u00edfico de la p\u00e9rdida o ganancia o flujos de efectivo relacionados con el instrumento de cobertura, excluidos de la valoraci\u00f3n de la eficacia de la cobertura, se reconocen con cargo o abono a cuentas de gastos o ingresos financieros.  El componente separado de Otro resultado global asociado con la partida cubierta se ajusta al menor valor del resultado acumulado del instrumento de cobertura desde el inicio de la misma o al cambio acumulado en el valor razonable o valor actual de los flujos de efectivo futuros esperados de la partida cubierta desde el inicio de la cobertura. No obstante, si el Grupo no espera que la totalidad o parte de una p\u00e9rdida reconocida en Otro resultado global va a ser recuperada en uno o m\u00e1s ejercicios futuros, el importe que no se va a recuperar se reclasifica a resultados como ingresos o gastos financieros.  El valor razonable de los instrumentos financieros derivados utilizados a efectos de cobertura se muestra en la nota 20. Los movimientos dentro del Patrimonio neto se muestran en la nota 14. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForHedgingExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-11": {
   "value": "o)  Instrumentos financieros derivados y operaciones de cobertura  El Grupo mantiene instrumentos financieros derivados para cubrir la exposici\u00f3n de riesgo en moneda extran- jera y tasa de inter\u00e9s. El Grupo designa ciertos derivados como instrumentos de cobertura para cubrir la variabilidad en los flujos de efectivo asociados con transacciones previstas altamente probables derivadas de cambios en las tasas de inter\u00e9s y tipo de cambio.   Al inicio de la cobertura, el Grupo designa y documenta formalmente las relaciones de cobertura, as\u00ed como el objetivo y la estrategia que asume con respecto a las mismas.   La contabilizaci\u00f3n de las operaciones de cobertura s\u00f3lo resulta de aplicaci\u00f3n cuando se espera que la cober- tura sea altamente eficaz al inicio de la cobertura y en los ejercicios siguientes para conseguir compensar los cambios en el valor razonable o en los flujos de efectivo atribuibles al riesgo cubierto, durante el periodo para el que se ha designado la misma.  Los instrumentos financieros derivados se registran inicialmente a su valor razonable en la fecha de contrato (coste de adquisici\u00f3n) en el Estado de situaci\u00f3n financiera consolidado y posteriormente se realizan las co- rrecciones valorativas necesarias para reflejar su valor razonable en cada momento. El m\u00e9todo para recono- cer la p\u00e9rdida o ganancia resultante depende de si el derivado se ha designado como un instrumento de cobertura y, si es as\u00ed, de la naturaleza de la partida que est\u00e1 cubriendo.   Cuando un instrumento de cobertura vence o se vende, o cuando no cumple los requisitos exigidos para su contabilizaci\u00f3n como cobertura, cualquier ganancia o p\u00e9rdida acumulada hasta ese momento en el Patrimo- nio neto permanece en el Patrimonio y dicha ganancia o p\u00e9rdida acumulada se registra inmediatamente en la Cuenta de resultados consolidada en la medida que se producen los cambios en los flujos de caja del elemento cubierto. Asimismo, se reconoce en la Cuenta de resultados consolidada la ganancia o p\u00e9rdida acumulada en el Patrimonio neto cuando se espera que la transacci\u00f3n prevista no se vaya a producir.  El Grupo reconoce en Otro resultado global las p\u00e9rdidas o ganancias procedentes de la valoraci\u00f3n a valor razonable del instrumento de cobertura que corresponden a la parte que se haya identificado como cobertura eficaz. La parte de la cobertura que se considera ineficaz, as\u00ed como el componente espec\u00edfico de la p\u00e9rdida o ganancia o flujos de efectivo relacionados con el instrumento de cobertura, excluidos de la valoraci\u00f3n de la eficacia de la cobertura, se reconocen con cargo o abono a cuentas de gastos o ingresos financieros.  El componente separado de Otro resultado global asociado con la partida cubierta se ajusta al menor valor del resultado acumulado del instrumento de cobertura desde el inicio de la misma o al cambio acumulado en el valor razonable o valor actual de los flujos de efectivo futuros esperados de la partida cubierta desde el inicio de la cobertura. No obstante, si el Grupo no espera que la totalidad o parte de una p\u00e9rdida reconocida en Otro resultado global va a ser recuperada en uno o m\u00e1s ejercicios futuros, el importe que no se va a recuperar se reclasifica a resultados como ingresos o gastos financieros.  El valor razonable de los instrumentos financieros derivados utilizados a efectos de cobertura se muestra en la nota 20. Los movimientos dentro del Patrimonio neto se muestran en la nota 14. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-553": {
   "value": "p)  Medici\u00f3n a valor razonable  El valor razonable es el precio que ser\u00eda recibido por vender un activo o pagado por transferir un pasivo en una transacci\u00f3n ordenada entre participantes del mercado en la fecha de medici\u00f3n, independientemente de si ese precio es directamente observable o estimado utilizando otra t\u00e9cnica de valoraci\u00f3n.  Las valoraciones a valor razonable, de los activos y pasivos financieros, se clasifican utilizando una jerarqu\u00eda que refleja la relevancia de las variables utilizadas para llevar a cabo dichas valoraciones. Esta jerarqu\u00eda consta de tres niveles:     Nivel 1: Valoraciones basadas en el precio de cotizaci\u00f3n de instrumentos id\u00e9nticos en un mercado activo.     Nivel 2: Valoraciones basadas en variables que sean observables para el activo o pasivo.     Nivel 3: Valoraciones basadas en variables que no est\u00e9n sustentadas en datos de mercado observables.  Si no existe un precio cotizado en un mercado activo, el Grupo usa t\u00e9cnicas de valoraci\u00f3n que maximizan el uso de datos de entrada observables relevantes y minimizan el uso de datos de entrada no observables. M\u00e1s concretamente y para los diferentes instrumentos financieros derivados no negociables en mercados organi- zados,  el  Grupo  establece  el  valor  razonable  empleando  t\u00e9cnicas  de  valoraci\u00f3n  que  incluyen  el  uso  de transacciones libres recientes entre partes interesadas y debidamente informadas, referidas a otros instru- mentos sustancialmente iguales, el an\u00e1lisis  de flujos de efectivo descontados  a los tipos de inter\u00e9s y de cambio de mercado vigentes a la fecha de presentaci\u00f3n y modelos de fijaci\u00f3n de precios de opciones mejo- rados para reflejar las circunstancias concretas del emisor. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-552": {
   "value": "q)  Acreedores comerciales  Los acreedores se reconocen inicialmente a su valor razonable y posteriormente se valoran por su coste amortizado utilizando el m\u00e9todo del tipo de inter\u00e9s efectivo. Los acreedores con vencimiento inferior al a\u00f1o y que no tengan un tipo de inter\u00e9s contractual, cuyo importe se espera pagar en el corto plazo, se valoran por su valor nominal. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-606": {
   "value": "r)  Ingresos y gastos  Los ingresos ordinarios se registran al valor razonable de las contraprestaciones recibidas o por recibir deri- vados de los mismos. Los ingresos ordinarios se reconocen seg\u00fan el patr\u00f3n de transferencia de bienes y servicios a los clientes por un importe que refleja la contraprestaci\u00f3n que la entidad espera tener derecho a cambio de dichos bienes y servicios.   La mayor parte de los ingresos ordinarios del Grupo corresponden a los ingresos regulados de las actividades de transporte y operaci\u00f3n del sistema en Espa\u00f1a (v\u00e9ase notas 3, 24 y 28). La filial del Grupo, Red El\u00e9ctrica de Espa\u00f1a, S.A.U. (Red El\u00e9ctrica), es la compa\u00f1\u00eda designada para llevar a cabo, en exclusiva, las actividades de transporte el\u00e9ctrico y operaci\u00f3n del sistema, ambas actividades reguladas por la Ley 24/2013 del Sector El\u00e9ctrico. En dicha norma, desarrollada posteriormente a trav\u00e9s del Real Decreto 1047/2013 y por las Circu- lares aprobadas en 2019 por la CNMC, \u00e9sta establece anualmente el ingreso a percibir (retribuci\u00f3n) de ambas actividades con la finalidad de cubrir los servicios que, de forma ininterrumpida, a lo largo del ejercicio, presta Red El\u00e9ctrica a los consumidores y al resto de agentes que participan en el Sector El\u00e9ctrico.   La obligaci\u00f3n derivada de la prestaci\u00f3n del servicio de transporte de electricidad se  considera una \u00fanica obligaci\u00f3n de desempe\u00f1o por lo que el precio total se asigna \u00edntegramente a dicha obligaci\u00f3n. Igualmente, las obligaciones jur\u00eddicas incluidas dentro de la propia obligaci\u00f3n de operador del sistema de energ\u00eda el\u00e9c- trica, se entiende que se engloban dentro de la \u00fanica obligaci\u00f3n de desempe\u00f1o identificada como \u201cpropor- cionar el servicio de operaci\u00f3n del sistema el\u00e9ctrico\u201d. En consecuencia, el reconocimiento de ingresos de las obligaciones de desempe\u00f1o de Transporte y Operaci\u00f3n del Sistema se realiza a lo largo del tiempo, lineal- mente, para cada ejercicio.   Los ingresos asociados al negocio de telecomunicaciones provienen fundamentalmente de:  contratos de prestaci\u00f3n de servicios de arrendamiento de capacidad satelital con diferentes clientes del sector de las telecomunicaciones los cuales se consideran una obligaci\u00f3n de desempe\u00f1o cuyo ingreso se registra linealmente a lo largo del tiempo seg\u00fan se va prestando el servicio al cliente.   contratos de cesi\u00f3n del uso de fibra \u00f3ptica troncal y cable cedido a diferentes clientes del sector de las telecomunicaciones, as\u00ed como de la prestaci\u00f3n de servicios a los mismos, los cuales se consideran una \u00fanica obligaci\u00f3n de desempe\u00f1o. El ingreso de estos contratos se registra a lo largo del tiempo, seg\u00fan se va prestando el servicio al cliente.  Si surgieran circunstancias que modificaran las estimaciones iniciales de ingresos ordinarios, se procede a revisar dichas estimaciones. Las revisiones podr\u00edan dar lugar a aumentos o disminuciones en los ingresos y se reflejar\u00edan en la cuenta de resultados en el periodo en el que las circunstancias que han motivado dichas revisiones sean conocidas y acordadas entre las partes.  Los ingresos por intereses se reconocen usando el m\u00e9todo del tipo de inter\u00e9s efectivo.  Los ingresos por dividendos se reconocen cuando se establece el derecho a recibir el cobro. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-554": {
   "value": "s)  Situaci\u00f3n fiscal  El gasto (ingreso) por impuesto sobre las ganancias comprende tanto el corriente como el impuesto diferido. Los impuestos, tanto si son del ejercicio corriente como si son diferidos, son reconocidos como gasto o in- greso e incluidos en la determinaci\u00f3n de la ganancia o p\u00e9rdida neta del ejercicio, excepto si han surgido de una transacci\u00f3n que se ha reconocido en el mismo ejercicio, cargando o abonando directamente al Patrimo- nio neto, o de una combinaci\u00f3n de negocios.  El impuesto corriente es el que se estima pagar en el ejercicio, utilizando los tipos impositivos aprobados, correspondientes al ejercicio presente y a cualquier ajuste de impuesto a pagar relativo a ejercicios anterio- res.  Las deducciones de la cuota y las bonificaciones del impuesto sobre las ganancias originadas por hechos econ\u00f3micos acontecidos en el ejercicio minoran el gasto devengado por el Impuesto sobre las ganancias, salvo que existan dudas sobre su realizaci\u00f3n.  Los impuestos diferidos y el gasto por impuesto sobre las ganancias se calculan y contabilizan conforme al m\u00e9todo del pasivo,  sobre  las diferencias temporarias surgidas  entre los saldos reconocidos a efectos  de informaci\u00f3n financiera y los usados a efectos fiscales. Este m\u00e9todo consiste en la determinaci\u00f3n de los im- puestos diferidos activos  y  pasivos  en  funci\u00f3n de  las diferencias entre el valor en libros de los activos y pasivos y su base fiscal, utilizando las tasas fiscales que se espere objetivamente que est\u00e9n en vigor cuando los activos y pasivos se realicen.  Los Activos por impuestos diferidos se reconocen en la medida en que es probable que vaya a disponerse de beneficios fiscales futuros con los que poder compensar las diferencias temporarias.  Se reconocen impuestos diferidos sobre las diferencias temporarias que surgen en inversiones en Socieda- des dependientes y asociadas, excepto en aquellos casos en que el Grupo pueda controlar la fecha en que revertir\u00e1n las diferencias temporarias y sea probable que \u00e9stas no vayan a revertir en un futuro previsible.  El gasto devengado por impuesto sobre sociedades, de las sociedades que se encuentran en r\u00e9gimen de declaraci\u00f3n consolidada, se determina teniendo en cuenta, adem\u00e1s de los par\u00e1metros a considerar en caso de tributaci\u00f3n individual expuestos anteriormente, los siguientes:     Las diferencias temporarias y permanentes producidas como consecuencia de la eliminaci\u00f3n de resulta- dos por operaciones entre sociedades del Grupo, derivada del proceso de determinaci\u00f3n de la base im- ponible consolidada.     Las deducciones y bonificaciones que corresponden a cada sociedad del Grupo Fiscal en el r\u00e9gimen de declaraci\u00f3n consolidada; a estos efectos, las deducciones y bonificaciones se imputar\u00e1n a la sociedad que realiz\u00f3 la actividad u obtuvo el rendimiento necesario para obtener el derecho a la deducci\u00f3n o bonificaci\u00f3n fiscal.     Las diferencias temporarias derivadas de las eliminaciones de resultados entre las empresas del Grupo Fiscal se reconocen en la sociedad que ha generado el resultado y se valoran por el tipo impositivo apli- cable a la misma.     La Sociedad dominante del Grupo registra el importe total a pagar (a devolver) por el Impuesto sobre Sociedades consolidado con cargo (abono) a Cr\u00e9ditos (Deudas) con empresas del grupo y asociadas.      El importe de la deuda (cr\u00e9dito) correspondiente a las sociedades dependientes se registra con abono (cargo) a Deudas (Cr\u00e9ditos) con empresas del grupo y asociadas.  Si el Grupo determina que no es probable que la autoridad fiscal vaya a aceptar un tratamiento fiscal incierto o un grupo de tratamientos fiscales inciertos, considera dicha incertidumbre en la determinaci\u00f3n de la base imponible, bases fiscales, cr\u00e9ditos por bases imponibles negativas, deducciones o tipos impositivos. En aque- llos casos en los que el activo o el pasivo por impuesto calculado con estos criterios, excede del importe presentado en las autoliquidaciones, \u00e9ste se presenta en el estado de situaci\u00f3n financiera consolidado. El Grupo registra los cambios en hechos y circunstancias sobre las incertidumbres fiscales como un cambio de estimaci\u00f3n.  El Grupo s\u00f3lo compensa los activos y pasivos por impuesto sobre las ganancias diferidos si existe un derecho legal de compensaci\u00f3n frente a las autoridades fiscales y dichos activos y pasivos corresponden a la misma autoridad fiscal, y al mismo sujeto pasivo o bien a diferentes sujetos pasivos que pretenden liquidar o realizar los activos y pasivos fiscales corrientes por su importe neto o realizar los activos y liquidar los pasivos simul- t\u00e1neamente, en cada uno de los ejercicios futuros en los que se espera liquidar o recuperar importes signifi- cativos de activos o pasivos por impuestos diferidos.  ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-607": {
   "value": "Los impuestos diferidos y el gasto por impuesto sobre las ganancias se calculan y contabilizan conforme al m\u00e9todo del pasivo,  sobre  las diferencias temporarias surgidas  entre los saldos reconocidos a efectos  de informaci\u00f3n financiera y los usados a efectos fiscales. Este m\u00e9todo consiste en la determinaci\u00f3n de los im- puestos diferidos activos  y  pasivos  en  funci\u00f3n de  las diferencias entre el valor en libros de los activos y pasivos y su base fiscal, utilizando las tasas fiscales que se espere objetivamente que est\u00e9n en vigor cuando los activos y pasivos se realicen.  Los Activos por impuestos diferidos se reconocen en la medida en que es probable que vaya a disponerse de beneficios fiscales futuros con los que poder compensar las diferencias temporarias.  Se reconocen impuestos diferidos sobre las diferencias temporarias que surgen en inversiones en Socieda- des dependientes y asociadas, excepto en aquellos casos en que el Grupo pueda controlar la fecha en que revertir\u00e1n las diferencias temporarias y sea probable que \u00e9stas no vayan a revertir en un futuro previsible.  El gasto devengado por impuesto sobre sociedades, de las sociedades que se encuentran en r\u00e9gimen de declaraci\u00f3n consolidada, se determina teniendo en cuenta, adem\u00e1s de los par\u00e1metros a considerar en caso de tributaci\u00f3n individual expuestos anteriormente, los siguientes:     Las diferencias temporarias y permanentes producidas como consecuencia de la eliminaci\u00f3n de resulta- dos por operaciones entre sociedades del Grupo, derivada del proceso de determinaci\u00f3n de la base im- ponible consolidada.     Las deducciones y bonificaciones que corresponden a cada sociedad del Grupo Fiscal en el r\u00e9gimen de declaraci\u00f3n consolidada; a estos efectos, las deducciones y bonificaciones se imputar\u00e1n a la sociedad que realiz\u00f3 la actividad u obtuvo el rendimiento necesario para obtener el derecho a la deducci\u00f3n o bonificaci\u00f3n fiscal. Las diferencias temporarias derivadas de las eliminaciones de resultados entre las empresas del Grupo Fiscal se reconocen en la sociedad que ha generado el resultado y se valoran por el tipo impositivo apli- cable a la misma.     La Sociedad dominante del Grupo registra el importe total a pagar (a devolver) por el Impuesto sobre Sociedades consolidado con cargo (abono) a Cr\u00e9ditos (Deudas) con empresas del grupo y asociadas. El importe de la deuda (cr\u00e9dito) correspondiente a las sociedades dependientes se registra con abono (cargo) a Deudas (Cr\u00e9ditos) con empresas del grupo y asociadas.  Si el Grupo determina que no es probable que la autoridad fiscal vaya a aceptar un tratamiento fiscal incierto o un grupo de tratamientos fiscales inciertos, considera dicha incertidumbre en la determinaci\u00f3n de la base imponible, bases fiscales, cr\u00e9ditos por bases imponibles negativas, deducciones o tipos impositivos. En aque- llos casos en los que el activo o el pasivo por impuesto calculado con estos criterios, excede del importe presentado en las autoliquidaciones, \u00e9ste se presenta en el estado de situaci\u00f3n financiera consolidado. El Grupo registra los cambios en hechos y circunstancias sobre las incertidumbres fiscales como un cambio de estimaci\u00f3n.  El Grupo s\u00f3lo compensa los activos y pasivos por impuesto sobre las ganancias diferidos si existe un derecho legal de compensaci\u00f3n frente a las autoridades fiscales y dichos activos y pasivos corresponden a la misma autoridad fiscal, y al mismo sujeto pasivo o bien a diferentes sujetos pasivos que pretenden liquidar o realizar los activos y pasivos fiscales corrientes por su importe neto o realizar los activos y liquidar los pasivos simul- t\u00e1neamente, en cada uno de los ejercicios futuros en los que se espera liquidar o recuperar importes signifi- cativos de activos o pasivos por impuestos diferidos.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-557": {
   "value": "t)  Beneficios por acci\u00f3n  El Beneficio b\u00e1sico por acci\u00f3n se calcula como el cociente entre el beneficio neto del per\u00edodo atribuible a la Sociedad dominante y el n\u00famero medio ponderado de acciones ordinarias en circulaci\u00f3n durante dicho pe- r\u00edodo, sin considerar el n\u00famero medio de acciones propias mantenidas durante el ejercicio.   En el caso de las cuentas anuales consolidadas del Grupo a 31 de diciembre de 2022 y 2021, los beneficios b\u00e1sicos por acci\u00f3n coinciden con los diluidos, dado que no han existido operaciones durante dichos ejercicios que pudieran hacer variar esta cifra. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEarningsPerShareExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-558": {
   "value": "u)  Seguros  Las compa\u00f1\u00edas del Grupo tienen suscritas diversas p\u00f3lizas de seguro para cubrir los riesgos a los que est\u00e1n sometidas las sociedades por el ejercicio de sus actividades. Estos riesgos est\u00e1n principalmente relacionados con los da\u00f1os que pudieran sufrir las instalaciones de las sociedades del Grupo y a las posibles reclamacio- nes de terceros que puedan surgir por el desarrollo de sus actividades. Los gastos e ingresos por primas de seguros se reconocen en la Cuenta de resultados consolidada de acuerdo con un criterio de devengo. Los ingresos a recuperar de las compa\u00f1\u00edas de seguros derivados de los siniestros se registran en la Cuenta de resultados consolidada cuando son exigibles. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInsuranceContracts",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-608": {
   "value": "v)  Medioambiente  Los gastos derivados de las actuaciones empresariales encaminadas a la protecci\u00f3n y mejora del medioam- biente se contabilizan como gasto del ejercicio en que se incurren. Cuando suponen incorporaciones al In- movilizado material cuyo fin sea la minimizaci\u00f3n del impacto medioambiental y la protecci\u00f3n y mejora del medioambiente, se contabilizan como mayor valor del inmovilizado.  ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEnvironmentRelatedExpenseExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-555": {
   "value": "w)  Pagos basados en acciones El Grupo ha implantado planes de adquisici\u00f3n de acciones por los cuales sus empleados tienen la posibilidad de recibir acciones de la Sociedad matriz como parte de su retribuci\u00f3n anual. La valoraci\u00f3n derivada de dicha retribuci\u00f3n se realiza de acuerdo con el precio de cierre de la cotizaci\u00f3n de las acciones en la fecha de entrega de las mismas. El gasto derivado de este plan se registra en el ep\u00edgrafe Gastos de personal de la Cuenta de resultados consolidada. Todas las acciones entregadas proceden de la autocartera de la Sociedad matriz.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-556": {
   "value": "x)  Activos y Pasivos Contingentes  Los activos contingentes no son objeto de reconocimiento en los estados financieros puesto que ello podr\u00eda significar el reconocimiento de un ingreso que quiz\u00e1 no sea nunca objeto de realizaci\u00f3n, excepto en combi- naciones de negocios en la medida que representan activos indemnizatorios. Los activos contingentes son objeto de evaluaci\u00f3n de forma continuada, con el fin de asegurar que su evoluci\u00f3n se refleja apropiadamente en los estados financieros. En el caso de que la entrada de beneficios econ\u00f3micos pase a ser pr\u00e1cticamente cierta, se proceder\u00e1 al reconocimiento del ingreso y del activo en los estados financieros del periodo en el que dicho cambio haya tenido lugar. Los pasivos contingentes no son objeto de reconocimiento en los estados financieros, excepto en combina- ciones de negocios en la medida en que representen obligaciones presentes que surjan de sucesos pasados y su valor razonable pueda ser medido con fiabilidad. Estos pasivos son objeto de reconsideraci\u00f3n continua y en caso de estimarse probable, para una partida tratada anteriormente como pasivo contingente, la salida de recursos econ\u00f3micos en el futuro, se reconocer\u00eda la correspondiente provisi\u00f3n en los estados financieros del periodo en el que ha ocurrido el cambio en la probabilidad de ocurrencia. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForContingentLiabilitiesAndContingentAssetsExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-645": {
   "value": "x)  Activos y Pasivos Contingentes  Los activos contingentes no son objeto de reconocimiento en los estados financieros puesto que ello podr\u00eda significar el reconocimiento de un ingreso que quiz\u00e1 no sea nunca objeto de realizaci\u00f3n, excepto en combi- naciones de negocios en la medida que representan activos indemnizatorios. Los activos contingentes son objeto de evaluaci\u00f3n de forma continuada, con el fin de asegurar que su evoluci\u00f3n se refleja apropiadamente en los estados financieros. En el caso de que la entrada de beneficios econ\u00f3micos pase a ser pr\u00e1cticamente cierta, se proceder\u00e1 al reconocimiento del ingreso y del activo en los estados financieros del periodo en el que dicho cambio haya tenido lugar. Los pasivos contingentes no son objeto de reconocimiento en los estados financieros, excepto en combina- ciones de negocios en la medida en que representen obligaciones presentes que surjan de sucesos pasados y su valor razonable pueda ser medido con fiabilidad. Estos pasivos son objeto de reconsideraci\u00f3n continua y en caso de estimarse probable, para una partida tratada anteriormente como pasivo contingente, la salida de recursos econ\u00f3micos en el futuro, se reconocer\u00eda la correspondiente provisi\u00f3n en los estados financieros del periodo en el que ha ocurrido el cambio en la probabilidad de ocurrencia. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-646": {
   "value": "5  Consideraciones sobre la coyuntura macroecon\u00f3mica Como consecuencia de las tensiones de los \u00faltimos a\u00f1os entre Rusia y Ucrania, el 24 de febrero de 2022 comenz\u00f3 un conflicto b\u00e9lico que a la fecha de formulaci\u00f3n de estas cuentas Anuales Consolidadas sigue en curso. En respuesta a esta acci\u00f3n militar, se han anunciado por parte de numerosos pa\u00edses diferentes san- ciones econ\u00f3micas contra Rusia, as\u00ed como se han suspendido o interrumpido las actividades que empresas p\u00fablicas y privadas desarrollaban en el pa\u00eds.  Todo ello ha generado una gran incertidumbre y una volatilidad econ\u00f3mica global significativa que ha provo- cado un alza de precios, revaluaci\u00f3n de diferentes monedas frente al euro, alteraci\u00f3n de las condiciones actuales del mercado, interrupci\u00f3n de las relaciones comerciales con Rusia, en algunos casos una ruptura de la cadena de suministro y en \u00faltimo t\u00e9rmino un aumento de los tipos de inter\u00e9s tanto dentro como fuera de la Uni\u00f3n Europea.  Cabe destacar que Redeia no posee relaciones comerciales directas ni indirectas con Rusia y Ucrania, as\u00ed como tampoco mantiene inversiones en  participadas ni activos en  dichos pa\u00edses y  su pol\u00edtica  de  riesgos financieros asegura la identificaci\u00f3n, an\u00e1lisis, gesti\u00f3n y evaluaci\u00f3n de todos los riesgos asociados al mencio- nado conflicto.   Durante el ejercicio 2022, se han llevado a cabo en Espa\u00f1a con normalidad las actividades de operaci\u00f3n y mantenimiento de instalaciones, as\u00ed como los trabajos de construcci\u00f3n de nuevas infraestructuras. Adem\u00e1s, tampoco se han presentado incidencias significativas en la cobertura de la demanda el\u00e9ctrica y el correcto funcionamiento del sistema, y tampoco se han registrado incidencias en la red de transporte que hayan con- dicionado la operaci\u00f3n del sistema el\u00e9ctrico espa\u00f1ol.  Asimismo, tanto el negocio de infraestructuras el\u00e9ctrico internacional como el negocio de telecomunicaciones han estado prestando servicios sin incidencias y la disponibilidad de las instalaciones se ha mantenido en niveles habituales, no habi\u00e9ndose registrado incidencias en la calidad del servicio.  El sector el\u00e9ctrico est\u00e1 vi\u00e9ndose influenciado por la tensa situaci\u00f3n del mercado mayorista derivada del men- cionado conflicto b\u00e9lico. En nuestro pa\u00eds, al igual que en otros de nuestro entorno, el precio medio de la electricidad ha marcado r\u00e9cords en el ejercicio 2022. Esta situaci\u00f3n ha obligado a las autoridades comunita- rias y nacionales a tomar medidas para intentar paliar sus efectos (ver nota 3.a).  En el \u00e1mbito econ\u00f3mico financiero, Redeia sigue contando con una s\u00f3lida posici\u00f3n financiera para continuar afrontando esta situaci\u00f3n y han continuado aplic\u00e1ndose las medidas encaminadas a reforzar la liquidez. El Grupo ha llevado a cabo en este ejercicio 2022 la venta de una participaci\u00f3n minoritaria de Reintel por importe de 996 millones de euros y ha suscrito operaciones de cr\u00e9dito por importe de 1.180 millones de euros, 97 millones de d\u00f3lares y 250 millones de euros disponibles multidivisa (en 2021, una  emisi\u00f3n de bonos por importe de 600 millones de euros y suscribi\u00f3 operaciones de cr\u00e9dito por importe de 610 millones de euros y 30 millones de d\u00f3lares). Tras la realizaci\u00f3n de estas operaciones, y una vez hecho frente tanto a los venci- mientos de deuda producidos, como a los pagos como consecuencia de la actividad del Grupo, la posici\u00f3n de liquidez del Grupo a diciembre de 2022 alcanza los 3.305 millones de euros (1.510 millones de euros de disponibilidad en tesorer\u00eda e inversiones en el mercado monetario a corto plazo y 1.795 millones de euros de l\u00edneas de cr\u00e9dito disponibles), y garantiza poder hacer frente a las necesidades operativas de tesorer\u00eda y a los vencimientos de deuda previstos hasta 2024.   La Direcci\u00f3n y los Administradores del Grupo continuar\u00e1n evaluando la situaci\u00f3n, realizando un exhaustivo seguimiento de las incidencias que se  puedan registrar en las infraestructuras que gestiona, as\u00ed como  la evoluci\u00f3n de otros factores externos y el impacto que los mismos pudieran tener en los estados financieros. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfUncertaintiesOfEntitysAbilityToContinueAsGoingConcern",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-486": {
   "value": "El Fondo de comercio resultante de esta combinaci\u00f3n de negocios es atribuible a los beneficios en el Grupo Hispasat y sinergias que se prev\u00e9n que surjan como consecuencia de la adquisici\u00f3n e integraci\u00f3n de Axess Networks. En este proceso de asignaci\u00f3n se ha identificado Fondo de comercio por importe de 44.951 miles de euros (equivalentes a 45.763 miles de d\u00f3lares estadounidenses), lo que sumado al Fondo de Comercio que recog\u00eda el balance de Axess Networks supone un Fondo de comercio total, a la fecha de la combinaci\u00f3n de negocios de 57.062 miles de euros (equivalentes a 58.135 miles de d\u00f3lares estadounidenses) que a 31 de diciembre de 2022 suponen 55.037 miles de euros.  31 de  Variacio- Modificaci\u00f3n 31 de  Variaciones Modificaci\u00f3n  31 de diciembre nes tipo de per\u00edmetro de Altas   Bajas  Traspasos diciembre tipo de  per\u00edmetro de Altas   Bajas  Traspasos diciembre  de 2020  cambio consolidaci\u00f3n de 2021 cambio consolidaci\u00f3n de 2022 Miles de euros Concesiones administrati- 388.390 29.462 - 275 - 75 418.202 25.224 - 5.548 - 41 449.015 vas y Propiedad Industrial Marca  15.234 - - - - - 15.234 - - - - - 15.234 Gastos de desarrollo y  90.491 360    - (662) 5.704 95.893 354 601 1.889 - 18.358 117.095 Aplicaciones inform\u00e1ticas Fondo de Comercio  231.415 279 - - - - 231.694 (1.801) 57.062 - - - 286.955 Otro Inmovilizado Intangible 45.242 3.774 3.788 - - - 52.804 1.059 55.835 - - - 109.698 Inmovilizado intangible en 13.013 1.085 - 36.301    (6.380) 44.019 614 - 39.225 - (18.399) 65.459 curso Total Inmovilizado  783.785 34.960 3.788 36.576 (662) (601) 857.846 25.450 113.498 46.662 - - 1.043.456 Intangible Amortizaci\u00f3n Acum.  Concesiones administrati- (44.396) (4.639) - (18.027) - - (67.062) (3.870) - (20.785) - (340) (92.057) vas y Propiedad Industrial Amortizaci\u00f3n Acum.  Marca  (1.905) - - (1.523) - - (3.428) - - (1.523) - - (4.951) Amortizaci\u00f3n Acum. Gastos de desarrollo y Aplicaciones (40.955) (18) - (18.900) 343    (59.530) (10) - (20.476) - 20 (79.996) inform\u00e1ticas Amortizaci\u00f3n Acum. Otro - - - (1.528)      (1.528) (62) - (4.356) - 320 (5.626) Inmovilizado Intangible Total Amortizaci\u00f3n  (87.256) (4.657) - (39.978) 343 - (131.548) (3.942) - (47.140) - - (182.630) Acumulada Deterioro Concesiones  administrativas y Propiedad (5.357) - - - - - (5.357) - - - - - (5.357) Industrial Deterioro Marca  - - - - - - - - - - - - - Deterioro Gastos de  desarrollo y Aplicaciones  (322) - - - - - (322) - - - - - (322) inform\u00e1ticas Total Deterioros de valor  (5.679) - - - - - (5.679) - - - - - (5.679) Valor Neto  690.850 30.303 3.788 (3.402) (319) (601) 720.619 21.508 113.498 (478) - - 855.147 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoodwillExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-559": {
   "value": "7  Inmovilizado intangible  El movimiento producido en los ejercicios 2022 y 2021 en las diferentes cuentas del Inmovilizado intangible y de sus correspondientes amortizaciones acumuladas ha sido el siguiente: 31 de  Variacio- Modificaci\u00f3n 31 de  Variaciones Modificaci\u00f3n  31 de diciembre nes tipo de per\u00edmetro de Altas   Bajas  Traspasos diciembre tipo de  per\u00edmetro de Altas   Bajas  Traspasos diciembre  de 2020  cambio consolidaci\u00f3n de 2021 cambio consolidaci\u00f3n de 2022 Miles de euros Concesiones administrati- 388.390 29.462 - 275 - 75 418.202 25.224 - 5.548 - 41 449.015 vas y Propiedad Industrial Marca  15.234 - - - - - 15.234 - - - - - 15.234 Gastos de desarrollo y  90.491 360    - (662) 5.704 95.893 354 601 1.889 - 18.358 117.095 Aplicaciones inform\u00e1ticas Fondo de Comercio  231.415 279 - - - - 231.694 (1.801) 57.062 - - - 286.955 Otro Inmovilizado Intangible 45.242 3.774 3.788 - - - 52.804 1.059 55.835 - - - 109.698 Inmovilizado intangible en 13.013 1.085 - 36.301    (6.380) 44.019 614 - 39.225 - (18.399) 65.459 curso Total Inmovilizado  783.785 34.960 3.788 36.576 (662) (601) 857.846 25.450 113.498 46.662 - - 1.043.456 Intangible Amortizaci\u00f3n Acum.  Concesiones administrati- (44.396) (4.639) - (18.027) - - (67.062) (3.870) - (20.785) - (340) (92.057) vas y Propiedad Industrial Amortizaci\u00f3n Acum.  Marca  (1.905) - - (1.523) - - (3.428) - - (1.523) - - (4.951) Amortizaci\u00f3n Acum. Gastos de desarrollo y Aplicaciones (40.955) (18) - (18.900) 343    (59.530) (10) - (20.476) - 20 (79.996) inform\u00e1ticas Amortizaci\u00f3n Acum. Otro - - - (1.528)      (1.528) (62) - (4.356) - 320 (5.626) Inmovilizado Intangible Total Amortizaci\u00f3n  (87.256) (4.657) - (39.978) 343 - (131.548) (3.942) - (47.140) - - (182.630) Acumulada Deterioro Concesiones  administrativas y Propiedad (5.357) - - - - - (5.357) - - - - - (5.357) Industrial Deterioro Marca  - - - - - - - - - - - - - Deterioro Gastos de  desarrollo y Aplicaciones  (322) - - - - - (322) - - - - - (322) inform\u00e1ticas Total Deterioros de valor  (5.679) - - - - - (5.679) - - - - - (5.679) Valor Neto  690.850 30.303 3.788 (3.402) (319) (601) 720.619 21.508 113.498 (478) - - 855.147    Inmovilizado intangible bruto  Dentro de Concesiones administrativas y Propiedad industrial se incluye principalmente los contratos de con- cesi\u00f3n de servicios otorgados por diferentes entes p\u00fablicos a las sociedades del Grupo para la construcci\u00f3n y operaci\u00f3n de instalaciones t\u00e9cnicas de energ\u00eda el\u00e9ctrica en Per\u00fa, as\u00ed como las licencias de diferentes ban- das para la explotaci\u00f3n de posiciones orbitales de titularidad brasile\u00f1a otorgadas al Grupo, as\u00ed como la reno- vaci\u00f3n de los derechos satelitales en la posici\u00f3n orbital 61\u00ba Oeste.   El detalle de los contratos de concesi\u00f3n en Per\u00fa en fase de explotaci\u00f3n y/o construcci\u00f3n a 31 de diciembre de 2022 es el siguiente:  * Miles de Euros Redesur  Tesur  Tesur 2  Tesur 3  Tesur 4 CCNCM Estado Estado Estado Estado Estado Estado Concedente Peruano Peruano Peruano Peruano Peruano Peruano Transporte de Transporte de Transporte de Transporte de Transporte de Transporte de Actividad Energ\u00eda Energ\u00eda Energ\u00eda Energ\u00eda Energ\u00eda Energ\u00eda El\u00e9ctrica El\u00e9ctrica El\u00e9ctrica El\u00e9ctrica El\u00e9ctrica El\u00e9ctrica Pa\u00eds  Per\u00fa Per\u00fa Per\u00fa Per\u00fa Per\u00fa Per\u00fa Plazo de la  concesi\u00f3n desde el 30 a\u00f1os 30 a\u00f1os 30 a\u00f1os 30 a\u00f1os 30 a\u00f1os 30 a\u00f1os inicio de la operaci\u00f3n  Comercial Periodo de vida \u00fatil  9 a\u00f1os 22 a\u00f1os 26 a\u00f1os 28 a\u00f1os 30 a\u00f1os 25 a\u00f1os Residual Per\u00edodo de revisi\u00f3n  Anualmente Anualmente Anualmente Anualmente Anualmente Anualmente Tarifaria Valor Neto Contable 31.048 51.372 46.434 28.184 34.611 161.428 31/12/2022 Valor Neto Contable 32.756 50.637 45.447 27.519 22.553 145.377 31/12/2021 Cifra de negocio en 19.333 7.462 5.937 4.366 - 17.718 2022 Cifra de negocio en 15.843 6.204 4.966 2.333 - 14.653 2021 Resultado del  4.240 1.137 1.505 1.286 (5.280) (2.714) ejercicio 2022 Resultado del  4.951 250 1.222 207 (259) (4.531) ejercicio 2021 Opciones de No se establecen No se establecen No se establecen No se establecen No se establecen No se establecen contractualmente contractualmente contractualmente contractualmente contractualmente contractualmente renovaci\u00f3n * Tesur 4 se encuentra en curso a 31 de diciembre de 2022. Asimismo, se incluyen las licencias que tiene el Subgrupo Hispasat en distintas Bandas para la explotaci\u00f3n de posiciones orbitales, as\u00ed como otros derechos satelitales en las posiciones orbitales. Dentro de Marca se incluye la marca de Hispasat surgida como consecuencia del registro contable de la combinaci\u00f3n de negocios de la adquisici\u00f3n de Hispasat en octubre de 2019 por importe de 15.234 miles de euros. Esta partida se amortiza linealmente en 10 a\u00f1os.  El Fondo de comercio a 31 de diciembre de 2022 por importe de 287 millones de euros (232 millones de euros en 2021), procede de las combinaciones de negocios realizadas en Hispasat y CCNCM as\u00ed como la inclusi\u00f3n este ejercicio de Axess (ver Nota 2.g y 6). No se ha generado ning\u00fan Pasivo por Impuesto Diferido relacionado con el Fondo de Comercio dado que no se espera que sea deducible fiscalmente en el futuro. Esta partida no se amortiza y est\u00e1 sujeta a test de deterioro anual.   La partida de Otro Inmovilizado Intangible recoge el derecho de tarifa regulada perpetuo surgido a ra\u00edz de la adquisici\u00f3n  de  instalaciones  de  transmisi\u00f3n  del  Sistema  de  Transmisi\u00f3n  Nacional  Chileno  incluidas  en Redenor 2 por importe de 52.050 miles de euros (49.016 miles de euros en 2021). Esta partida no se amortiza, por ser de vida indefinida, y est\u00e1 sujeta a test de deterioro anual.   Asimismo, dicho ep\u00edgrafe incluye la cartera de clientes registrada como consecuencia de la combinaci\u00f3n de negocios tras la adquisici\u00f3n de Axess (v\u00e9ase nota 6). El importe dentro de \u201cModificaci\u00f3n de per\u00edmetro de consolidaci\u00f3n\u201d en el ejercicio 2022, en el momento de entrada en el Grupo, es de 55.835 miles de euros. El importe neto de esta cartera de clientes a 31 de diciembre de 2022 es de 52.022 miles de euros. Dicha cartera de clientes se amortiza en 10 a\u00f1os. Por \u00faltimo, dentro de \u201cModificaci\u00f3n de per\u00edmetro de consolidaci\u00f3n\u201d en 2021 se inclu\u00eda la cartera de clientes registrada como consecuencia de la combinaci\u00f3n de negocios tras la adquisici\u00f3n del negocio de gesti\u00f3n y transporte de se\u00f1ales de video en Per\u00fa (v\u00e9ase nota 6) y que al cierre del ejercicio 2022 se encuentra totalmente amortizada. El Inmovilizado intangible en curso a 31 de diciembre de 2022 y 2021 corresponde principalmente a la adqui- sici\u00f3n y desarrollo de aplicaciones para las actividades de operaci\u00f3n del sistema y transporte, desarrolladas por el Grupo, as\u00ed como a  la construcci\u00f3n de  las instalaciones en r\u00e9gimen  de  concesi\u00f3n que la sociedad peruana Tesur 4 est\u00e1 llevando a cabo y cuya puesta en operaci\u00f3n se ha realizado durante el mes de enero de 2023.     Gastos capitalizados  Los gastos de explotaci\u00f3n directamente relacionados con el Inmovilizado intangible que se han activado du- rante el ejercicio 2022 ascienden a 12.044 miles de euros (9.559 miles de euros en el ejercicio 2021). Por otro lado, el Grupo ha registrado durante el 2022 en la Cuenta de P\u00e9rdidas y Ganancias Consolidada gastos en Innovaci\u00f3n y Desarrollo por importe de 8.820 miles de euros.  Durante el ejercicio 2022 se han activado gastos financieros como mayor valor de Inmovilizado Intangible por importe de 858 miles de euros (262 miles de euros en 2021).     Bienes totalmente amortizados  A 31 de diciembre de 2022, el Grupo tiene totalmente amortizados elementos del Inmovilizado intangible por un importe de 44.474 miles de euros (27.943 miles de euros en 2021) correspondiendo la mayor parte de los mismos a Gastos de desarrollo y Aplicaciones inform\u00e1ticas.      Inversiones en inmovilizado intangible situadas fuera del territorio espa\u00f1ol  El valor neto contable del Inmovilizado intangible situado fuera del territorio espa\u00f1ol asciende a 31 de diciem- bre de 2022 a 442.193 miles de euros (407.505 miles de euros en el ejercicio 2021).     Compromisos de inversi\u00f3n  El Grupo no posee compromisos definitivos de compra de Inmovilizado Intangible por importes significativos, en relaci\u00f3n con su volumen de Inmovilizado intangible, y a las inversiones que realiza y tiene previsto realizar.     Seguros  El Grupo tiene contratadas varias p\u00f3lizas de seguro para cubrir los riesgos a que est\u00e1n sujetos los elementos del Inmovilizado intangible. El dise\u00f1o y contrataci\u00f3n de las p\u00f3lizas es el adecuado para los riesgos a los que dan cobertura.     An\u00e1lisis de deterioro del valor del inmovilizado intangible sujeto a amortizaci\u00f3n o depreciaci\u00f3n  El Grupo sigue el criterio de evaluar la existencia de indicios que pudieran poner de manifiesto el potencial deterioro de valor de los activos sujetos a amortizaci\u00f3n o depreciaci\u00f3n, al objeto de comprobar si el valor contable de los mencionados activos excede de su valor recuperable, entendido como el mayor entre el valor razonable, menos costes de venta y su valor en uso (ver nota 4.h).  Ante la existencia de indicios de deterioro como consecuencia de la coyuntura macroecon\u00f3mica comentada en la Nota 5, se ha procedido a realizar test de deterioro en los activos intangibles sujetos a amortizaci\u00f3n de la UGE de Transporte de energ\u00eda el\u00e9ctrica en Per\u00fa y tras los resultados de dicho test, el Grupo no ha registrado ninguna correcci\u00f3n valorativa.   Para realizar dicho test  de  deterioro,  se han considerado  las  proyecciones de  flujos de  caja futuros.  Las proyecciones se han realizado para el periodo de cada concesi\u00f3n (30 a\u00f1os desde la Puesta en Operaci\u00f3n Comercial). Los motivos por los que se consideran fiables los flujos estimados a m\u00e1s de 5 a\u00f1os se basan en la experiencia de Redeia en negocios de concesiones en el mercado de transporte de electricidad en Per\u00fa que regulan ingresos a 30 a\u00f1os.  Las hip\u00f3tesis que se incluyen en las proyecciones utilizadas y que se basan en las previsiones del negocio actualizadas y la propia experiencia pasada. Las hip\u00f3tesis utilizadas han sido las siguientes:      Retribuci\u00f3n regulada: se incluyen los flujos estimados hasta la finalizaci\u00f3n de los contratos de concesi\u00f3n asumiendo una tasa de retribuci\u00f3n de la inversi\u00f3n seg\u00fan la regulaci\u00f3n vigente en Per\u00fa.      Inversi\u00f3n: se ha usado la mejor informaci\u00f3n disponible sobre los planes de inversi\u00f3n en activos y mante- nimiento de las infraestructuras a lo largo del horizonte temporal estimado.      Costes de operaci\u00f3n y mantenimiento: han sido proyectados coherentemente con el crecimiento que se espera derivado del plan de inversiones.      Otros costes: han sido proyectados en base al conocimiento del sector, la experiencia pasada y en l\u00ednea con el crecimiento que se espera derivado del plan de inversiones.      Tasa de descuento del coste medio ponderado del capital (WACC): se ha utilizado una tasa ponderada de 8,64% pre-tax obtenida a partir de un informe elaborado por un experto independiente.   El an\u00e1lisis de sensibilidad se ha realizado atendiendo a las variaciones razonablemente posibles en las prin- cipales hip\u00f3tesis, de manera que un incremento de la tasa de descuento de un 0,5% y una disminuci\u00f3n de la tasa de crecimiento en un 0,5% no supondr\u00eda un deterioro. No se han sensibilizado otras hip\u00f3tesis dado el car\u00e1cter regulado de la actividad.  En relaci\u00f3n con los activos intangibles asignados a la UGE del negocio satelital tradicional (Legacy), las hip\u00f3tesis empleadas para su c\u00e1lculo se encuentran explicitadas en la nota 8. En 2022 y 2021, el Grupo realiz\u00f3 un an\u00e1lisis de los posibles indicios de deterioro de estos activos, y concluy\u00f3 de dicho an\u00e1lisis que no se produjeron hechos que hicieran variar la provisi\u00f3n por deterioro registrada en 2020 por importe de 5,7 millo- nes de euros.  Como consecuencia del reconocimiento de la p\u00e9rdida por deterioro de valor de los activos realizada en el ejercicio 2020, la dotaci\u00f3n por amortizaci\u00f3n en el ejercicio 2022 se ha visto minorada en 0,7 millones de euros aproximadamente.     An\u00e1lisis de deterioro del valor del inmovilizado intangible de vida \u00fatil indefinida  Al cierre de los ejercicios 2022 y 2021, el Grupo ha efectuado tests de deterioro para aquellos activos intan- gibles cuya vida \u00fatil es indefinida (Fondos de Comercio y Derecho de tarifa regulada), con el objetivo de comprobar su recuperabilidad, no habi\u00e9ndose identificado ninguna correcci\u00f3n valorativa al respecto.  Fondo de comercio  A 31 de diciembre de 2022 se corresponde principalmente con el Fondo de Comercio surgido de la combina- ci\u00f3n de negocios por la adquisici\u00f3n en octubre de 2019 del Subgrupo Hispasat por importe de 228 millones de euros y por la adquisici\u00f3n de Axess Networks por Hispasat, S.A. (ver Nota 2.g y 6) por importe de 55 millones de euros, la cual se ha realizado siguiendo el Plan Estrat\u00e9gico de Hispasat, lo que ha permitido a Hispasat concretar la iniciativa de verticalizaci\u00f3n prevista en dicho plan.  Tras la adquisici\u00f3n de Axess, la UGE del negocio tradicional satelital (Legacy) se mantiene tal y como estaba definida en ejercicios anteriores. Por otro lado, se ha procedido a segregar en dos UGE\u2019s diferencia- das lo que se denomin\u00f3 como \u201cla/s UGE/s de nuevos negocios y servicios satelitales\u201d con el objeto de identificar separadamente las infraestructuras adaptadas a la nueva tecnolog\u00eda de los servicios y soluciones satelitales prestados a trav\u00e9s de la adquisici\u00f3n de negocios previamente operativos considerando que ambas UGE\u2019s generan flujos y costes del capital independientes:     UGE de infraestructuras con nueva tecnolog\u00eda: permiten prestar servicios gestionados de una manera m\u00e1s eficiente y flexible. Se identifica con la futura flota de sat\u00e9lites y alianzas con otros players del sector orientados a la prestaci\u00f3n de capacidad o servicios de valor a\u00f1adido de manera m\u00e1s eficiente y flexible a trav\u00e9s de flota nueva y digital que incorpore las nuevas tecnolog\u00edas;   UGE de nuevos negocios y servicios: permiten consolidar la orientaci\u00f3n al negocio B2B y B2G e incor- pora la prestaci\u00f3n de servicios y soluciones satelitales (a trav\u00e9s de Axess Networks y potenciales opera- ciones inorg\u00e1nicas) que permitir\u00e1 a Hispasat avanzar en la mencionada estrategia de integraci\u00f3n vertical en la cadena de valor.  De esta forma, dentro del segmento de telecomunicaciones, al igual que en el ejercicio 2021, el fondo de comercio surgido en la adquisici\u00f3n de Hispasat en 2019, est\u00e1 asignado a la agrupaci\u00f3n de las UGEs prove- nientes del negocio satelital, m\u00e1s concretamente, a la UGE de negocio tradicional satelital (Legacy), a la UGE de infraestructuras  con  nueva tecnolog\u00eda y la UGE de nuevos  negocios y servicios, siendo este nivel de agrupaci\u00f3n, en el cual, el fondo de comercio es controlado a efectos de gesti\u00f3n interna en Redeia. Por otro lado, el fondo de comercio surgido en la adquisici\u00f3n de Axess Networks se ha asignado a la UGE de nuevos negocios.  A 31 de diciembre de 2022 el Grupo ha realizado en primer lugar el test de deterioro de las UGEs del negocio satelital, sin incluir el fondo de comercio surgido de la compra de Hispasat.  En 2020 se registr\u00f3 un deterioro en la UGE Legacy de 122 millones de euros (5,7 y 116,6 millones de euros correspondientes al inmovilizado intangible y material, respectivamente). A 31 de diciembre de 2022 se ha concluido que el valor recuperable y el valor contable de los activos asociados a la UGE no difieren significa- tivamente, por lo que no se ha identificado ninguna correcci\u00f3n valorativa adicional (v\u00e9ase nota 8).  Para el resto de UGEs el valor recuperable es superior al valor contable. A continuaci\u00f3n, el Grupo ha comprobado que no existe deterioro de valor al nivel del grupo de UGEs a las que se asign\u00f3 el fondo de comercio (agrupaci\u00f3n de UGE Legacy, UGE de infraestructuras con nueva tecno- log\u00eda y la UGE de nuevos negocios y servicios).   El an\u00e1lisis se ha realizado al cierre del ejercicio 2022 tomando como base las proyecciones del Plan Estrat\u00e9- gico del negocio satelital aprobado en 2022. Las hip\u00f3tesis principales utilizadas en el c\u00e1lculo del test de deterioro del negocio satelital del Grupo en 2022 se han mantenido similares con respecto al ejercicio anterior y son las siguientes:     Se ha realizado el test estimando el valor razonable menos costes de venta, tomando el enfoque de in- gresos con el objeto de determinar el valor recuperable del negocio satelital.   El enfoque de ingresos indica el valor recuperable de un negocio bas\u00e1ndose en el valor actual de los flujos de caja que puede previsiblemente generar en un futuro, realizado mediante el Descuento de Flujos de Caja (DFC). El DFC estima el valor presente de los Flujos de Caja Libres (FCL) futuros a una tasa de descuento (Coste Medio Ponderado de Capital o WACC) que refleja el valor temporal del dinero y los riesgos asociados a los citados flujos esperados.   Los costes de venta se han estimado tomando en consideraci\u00f3n los costes incurridos en transacciones previas realizadas por el Grupo.  El nivel de la jerarqu\u00eda de valor razonable seg\u00fan la NIIF 13 en la que la medici\u00f3n del valor razonable se ha clasificado en su totalidad ha sido de Nivel 3, sin considerar si los costes de enajenaci\u00f3n o disposici\u00f3n por otra v\u00eda son observables.     Se han utilizado proyecciones de flujos para el periodo 2022-2040 para los sat\u00e9lites actuales, coherente con su vida \u00fatil, as\u00ed como tambi\u00e9n el periodo de la vida \u00fatil para los nuevos activos satelitales cuyo lanza- miento se prev\u00e9 realizar en los pr\u00f3ximos a\u00f1os y con la entrada prevista del Subgrupo Hispasat en nuevos modelos de negocio y tecnolog\u00edas.   Los motivos por los que se consideran fiables los flujos estimados a m\u00e1s de 5 a\u00f1os se basan en la expe- riencia del Grupo en inversiones con fuerte componente tecnol\u00f3gico que implican contratos y compromisos a largo plazo. En el negocio satelital se materializan compromisos contractuales con clientes a largo plazo, siendo habitual la firma de contratos a largo plazo que cubren gran parte de la vida \u00fatil de los sat\u00e9lites, con el objeto de obtener una rentabilidad m\u00ednima antes del lanzamiento de  los nuevos sat\u00e9lites y que constituya una base s\u00f3lida sobre la que  asentar la consecuci\u00f3n de la rentabilidad prevista del sat\u00e9lite conforme a las estimaciones realizadas para abordar el proyecto.    El valor terminal relacionado con  la tecnolog\u00eda tradicional  es  cero, dado  que la infraestructura que  da soporte a este negocio dejar\u00e1 de generar ingresos y gastos una vez alcance el fin de su vida \u00fatil. Para las infraestructuras con nueva tecnolog\u00eda y los nuevos negocios y servicios, se ha considerado un valor ter- minal, con un crecimiento a perpetuidad del 0% y 1,25%, respectivamente.     Se ha considerado un margen EBITDA para el negocio tradicional y para las nuevas tecnolog\u00edas y nuevos negocios y servicios alineado con el a\u00f1o anterior, que en conjunto arrojan un margen promedio del 59%.     Los principales tipos de cambio considerados para los flujos en moneda extranjera se han basado en las estimaciones para los a\u00f1os futuros de las monedas d\u00f3lar americano (USD), real brasile\u00f1o (BRL) y peso mexicano (MXN).    Para la actualizaci\u00f3n de los flujos se ha utilizado una tasa de descuento basada en el coste medio ponde- rado del capital (WACC) a partir de un informe elaborado por un experto independiente. En concreto se ha utilizado el 8,58% pre-tax para el negocio satelital tradicional (7,60% en 2021) as\u00ed como para las infra- estructuras con nueva tecnolog\u00eda y una tasa del 12,3% pre-tax para los nuevos negocios y servicios.  Teniendo en cuenta las hip\u00f3tesis comentadas anteriormente, el Grupo ha concluido que no es necesario registrar un deterioro de valor al igual que en el ejercicio 2021.  El Grupo ha realizado un an\u00e1lisis de sensibilidad a trav\u00e9s de variaciones razonables de las principales hip\u00f3- tesis operativas y financieras consideradas en dicho c\u00e1lculo. Se han asumido los siguientes incrementos y disminuciones:    Ingresos -4% +4%  Margen Bruto -200 p.b. +200 p.b.  Tipo cambio USD -5% +5%  Tipo cambio BRL -15% +15%  Tasa de descuento +40 p.b. -40 p.b. El rango de variaci\u00f3n estimado para el an\u00e1lisis de sensibilidad de las principales hip\u00f3tesis operativas se ha realizado ponderando el peso relativo de cada una de ellas en las diferentes UGEs a las que fue asignado el Fondo de Comercio.    Para el rango de sensibilidad de los ingresos, se ha realizado un an\u00e1lisis de sensibilidad del impacto sobre el valor recuperable ante variaciones de los ingresos tomando como referencia una variaci\u00f3n los ingresos por prestaci\u00f3n de servicios del \u00b1 4%.  Por otro lado, se ha realizado un an\u00e1lisis de sensibilidad sobre el margen EBITDA que arrojan las proyeccio- nes que soportan el valor recuperable, incorporando un aumento/disminuci\u00f3n de los gastos operativos que supongan una variaci\u00f3n en el margen anual de EBITDA durante el horizonte temporal de las proyecciones de \u00b1200 p.b. Este rango de variaci\u00f3n del margen EBITDA se considera razonable, teniendo en cuenta que Hispasat ha realizado una estimaci\u00f3n detallada de su estructura de costes necesarios para la ejecuci\u00f3n de los proyectos considerados en el Plan Estrat\u00e9gico y tomando como referencia la de otros operadores con un grado de verticalizaci\u00f3n asimilable al contemplado en las proyecciones.  En cuanto al an\u00e1lisis de sensibilidad por variaci\u00f3n del tipo de cambio en las proyecciones que soportan el c\u00e1lculo del valor recuperable, se han considerado las monedas que afectan a la pr\u00e1ctica totalidad del riesgo por divisa, como son el d\u00f3lar americano (USD) y  el  real brasile\u00f1o  (BRL).  Las variaciones  incluidas en  el an\u00e1lisis de sensibilidad son del \u00b1 5% para el EUR/USD y del \u00b1 15% para el EUR/BRL. Estas referencias se encuentran en l\u00ednea con las calculadas en el ejercicio anterior.   Para el rango de sensibilidad de la tasa de descuento, se ha realizado un an\u00e1lisis de sensibilidad del impacto sobre el valor recuperable ante variaciones de la tasa de \u00b1 10 p.b., \u00b1 50 p.b. y \u00b1 50 p.b. para las UGEs Legacy, UGE de infraestructuras con nueva tecnolog\u00eda y UGE de nuevos negocios y servicios, respectivamente. Estas variaciones consideran el diferencial de riesgo asociado a las tres UGEs.    Del an\u00e1lisis realizado se pone de manifiesto que a 31 de diciembre de 2022 y 2021 cualquier cambio razo- nablemente posible  en  cualquiera de las hip\u00f3tesis  clave  consideradas, sobre  las que  se basa el  importe recuperable del negocio satelital del Grupo, no causar\u00eda que el importe en libros agregado del grupo de UGEs (1.097 millones de euros en 2022 y 1.036 en 2021), a las que se ha asignado el Fondo de Comercio, supere al importe recuperable agregado de las UGEs. El valor recuperable a 31 de diciembre de 2022 es aproxima- damente un 20% superior al importe en libros.  Otro inmovilizado intangible  En relaci\u00f3n con los activos asignados a la UGE del Transporte de energ\u00eda el\u00e9ctrica en Chile, que incluyen el activo intangible por el Derecho de Tarifa regulada, los activos materiales descritos en la nota 8 y la inver- si\u00f3n por el m\u00e9todo de la participaci\u00f3n en TEN desglosada en la nota 11, se ha procedido a realizar test de deterioro y tras los resultados de dicho test, no se ha registrado ninguna correcci\u00f3n valorativa al igual que en el ejercicio 2021.  Para realizar dicho test de deterioro, el Grupo ha considerado las proyecciones de flujos de caja futuros. Las proyecciones se han realizado para el periodo 2022-2070 y considerando un crecimiento a perpetuidad pos- teriormente. Los motivos por los que se consideran fiables los flujos estimados a m\u00e1s de 5 a\u00f1os se basan en la experiencia del Grupo en negocios regulados en el mercado de transporte de electricidad en Chile que implica un derecho de tarifa regulada perpetuo.  Las hip\u00f3tesis que se incluyen en las proyecciones utilizadas y que se basan en las previsiones del negocio actualizadas y la propia experiencia pasada. Las hip\u00f3tesis utilizadas han sido las siguientes:      Retribuci\u00f3n regulada: se ha estimado teniendo en cuenta las cifras aprobadas en el Decreto Tarifario por parte del Ministerio de Energ\u00eda (v\u00e9ase nota 3.b), y se ha actualizado para los ejercicios posteriores utili- zando los mecanismos para la actualizaci\u00f3n que la legislaci\u00f3n establece.      Inversi\u00f3n: se ha usado la mejor informaci\u00f3n disponible sobre los planes de inversi\u00f3n en activos y mante- nimiento de las infraestructuras a lo largo del horizonte temporal estimado.      Costes de operaci\u00f3n y mantenimiento: han sido proyectados coherentemente con el crecimiento que se espera derivado del plan de inversiones.      Otros costes: han sido proyectados en base al conocimiento del sector, la experiencia pasada y en l\u00ednea con el crecimiento que se espera derivado del plan de inversiones.      Tasa de crecimiento: se ha estimado una tasa media ponderada de crecimiento a perpetuidad del 2,05%.     Tasa de descuento del coste medio ponderado del capital (WACC): se ha utilizado una tasa ponderada de 9,07% pre-tax obtenida a partir de un informe elaborado por un experto independiente.  El an\u00e1lisis de sensibilidad se ha realizado atendiendo a las variaciones razonablemente posibles en las prin- cipales hip\u00f3tesis, de manera que un incremento de la tasa de descuento de un 0,5% y una disminuci\u00f3n de la tasa de crecimiento en un 0,5% no supondr\u00eda un deterioro. No se han sensibilizado otras hip\u00f3tesis dado el car\u00e1cter regulado de la actividad. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-647": {
   "value": "7  Inmovilizado intangible  El movimiento producido en los ejercicios 2022 y 2021 en las diferentes cuentas del Inmovilizado intangible y de sus correspondientes amortizaciones acumuladas ha sido el siguiente: 31 de  Variacio- Modificaci\u00f3n 31 de  Variaciones Modificaci\u00f3n  31 de diciembre nes tipo de per\u00edmetro de Altas   Bajas  Traspasos diciembre tipo de  per\u00edmetro de Altas   Bajas  Traspasos diciembre  de 2020  cambio consolidaci\u00f3n de 2021 cambio consolidaci\u00f3n de 2022 Miles de euros Concesiones administrati- 388.390 29.462 - 275 - 75 418.202 25.224 - 5.548 - 41 449.015 vas y Propiedad Industrial Marca  15.234 - - - - - 15.234 - - - - - 15.234 Gastos de desarrollo y  90.491 360    - (662) 5.704 95.893 354 601 1.889 - 18.358 117.095 Aplicaciones inform\u00e1ticas Fondo de Comercio  231.415 279 - - - - 231.694 (1.801) 57.062 - - - 286.955 Otro Inmovilizado Intangible 45.242 3.774 3.788 - - - 52.804 1.059 55.835 - - - 109.698 Inmovilizado intangible en 13.013 1.085 - 36.301    (6.380) 44.019 614 - 39.225 - (18.399) 65.459 curso Total Inmovilizado  783.785 34.960 3.788 36.576 (662) (601) 857.846 25.450 113.498 46.662 - - 1.043.456 Intangible Amortizaci\u00f3n Acum.  Concesiones administrati- (44.396) (4.639) - (18.027) - - (67.062) (3.870) - (20.785) - (340) (92.057) vas y Propiedad Industrial Amortizaci\u00f3n Acum.  Marca  (1.905) - - (1.523) - - (3.428) - - (1.523) - - (4.951) Amortizaci\u00f3n Acum. Gastos de desarrollo y Aplicaciones (40.955) (18) - (18.900) 343    (59.530) (10) - (20.476) - 20 (79.996) inform\u00e1ticas Amortizaci\u00f3n Acum. Otro - - - (1.528)      (1.528) (62) - (4.356) - 320 (5.626) Inmovilizado Intangible Total Amortizaci\u00f3n  (87.256) (4.657) - (39.978) 343 - (131.548) (3.942) - (47.140) - - (182.630) Acumulada Deterioro Concesiones  administrativas y Propiedad (5.357) - - - - - (5.357) - - - - - (5.357) Industrial Deterioro Marca  - - - - - - - - - - - - - Deterioro Gastos de  desarrollo y Aplicaciones  (322) - - - - - (322) - - - - - (322) inform\u00e1ticas Total Deterioros de valor  (5.679) - - - - - (5.679) - - - - - (5.679) Valor Neto  690.850 30.303 3.788 (3.402) (319) (601) 720.619 21.508 113.498 (478) - - 855.147    Inmovilizado intangible bruto  Dentro de Concesiones administrativas y Propiedad industrial se incluye principalmente los contratos de con- cesi\u00f3n de servicios otorgados por diferentes entes p\u00fablicos a las sociedades del Grupo para la construcci\u00f3n y operaci\u00f3n de instalaciones t\u00e9cnicas de energ\u00eda el\u00e9ctrica en Per\u00fa, as\u00ed como las licencias de diferentes ban- das para la explotaci\u00f3n de posiciones orbitales de titularidad brasile\u00f1a otorgadas al Grupo, as\u00ed como la reno- vaci\u00f3n de los derechos satelitales en la posici\u00f3n orbital 61\u00ba Oeste.   El detalle de los contratos de concesi\u00f3n en Per\u00fa en fase de explotaci\u00f3n y/o construcci\u00f3n a 31 de diciembre de 2022 es el siguiente:  * Miles de Euros Redesur  Tesur  Tesur 2  Tesur 3  Tesur 4 CCNCM Estado Estado Estado Estado Estado Estado Concedente Peruano Peruano Peruano Peruano Peruano Peruano Transporte de Transporte de Transporte de Transporte de Transporte de Transporte de Actividad Energ\u00eda Energ\u00eda Energ\u00eda Energ\u00eda Energ\u00eda Energ\u00eda El\u00e9ctrica El\u00e9ctrica El\u00e9ctrica El\u00e9ctrica El\u00e9ctrica El\u00e9ctrica Pa\u00eds  Per\u00fa Per\u00fa Per\u00fa Per\u00fa Per\u00fa Per\u00fa Plazo de la  concesi\u00f3n desde el 30 a\u00f1os 30 a\u00f1os 30 a\u00f1os 30 a\u00f1os 30 a\u00f1os 30 a\u00f1os inicio de la operaci\u00f3n  Comercial Periodo de vida \u00fatil  9 a\u00f1os 22 a\u00f1os 26 a\u00f1os 28 a\u00f1os 30 a\u00f1os 25 a\u00f1os Residual Per\u00edodo de revisi\u00f3n  Anualmente Anualmente Anualmente Anualmente Anualmente Anualmente Tarifaria Valor Neto Contable 31.048 51.372 46.434 28.184 34.611 161.428 31/12/2022 Valor Neto Contable 32.756 50.637 45.447 27.519 22.553 145.377 31/12/2021 Cifra de negocio en 19.333 7.462 5.937 4.366 - 17.718 2022 Cifra de negocio en 15.843 6.204 4.966 2.333 - 14.653 2021 Resultado del  4.240 1.137 1.505 1.286 (5.280) (2.714) ejercicio 2022 Resultado del  4.951 250 1.222 207 (259) (4.531) ejercicio 2021 Opciones de No se establecen No se establecen No se establecen No se establecen No se establecen No se establecen contractualmente contractualmente contractualmente contractualmente contractualmente contractualmente renovaci\u00f3n * Tesur 4 se encuentra en curso a 31 de diciembre de 2022. Asimismo, se incluyen las licencias que tiene el Subgrupo Hispasat en distintas Bandas para la explotaci\u00f3n de posiciones orbitales, as\u00ed como otros derechos satelitales en las posiciones orbitales. Dentro de Marca se incluye la marca de Hispasat surgida como consecuencia del registro contable de la combinaci\u00f3n de negocios de la adquisici\u00f3n de Hispasat en octubre de 2019 por importe de 15.234 miles de euros. Esta partida se amortiza linealmente en 10 a\u00f1os.  El Fondo de comercio a 31 de diciembre de 2022 por importe de 287 millones de euros (232 millones de euros en 2021), procede de las combinaciones de negocios realizadas en Hispasat y CCNCM as\u00ed como la inclusi\u00f3n este ejercicio de Axess (ver Nota 2.g y 6). No se ha generado ning\u00fan Pasivo por Impuesto Diferido relacionado con el Fondo de Comercio dado que no se espera que sea deducible fiscalmente en el futuro. Esta partida no se amortiza y est\u00e1 sujeta a test de deterioro anual.   La partida de Otro Inmovilizado Intangible recoge el derecho de tarifa regulada perpetuo surgido a ra\u00edz de la adquisici\u00f3n  de  instalaciones  de  transmisi\u00f3n  del  Sistema  de  Transmisi\u00f3n  Nacional  Chileno  incluidas  en Redenor 2 por importe de 52.050 miles de euros (49.016 miles de euros en 2021). Esta partida no se amortiza, por ser de vida indefinida, y est\u00e1 sujeta a test de deterioro anual.   Asimismo, dicho ep\u00edgrafe incluye la cartera de clientes registrada como consecuencia de la combinaci\u00f3n de negocios tras la adquisici\u00f3n de Axess (v\u00e9ase nota 6). El importe dentro de \u201cModificaci\u00f3n de per\u00edmetro de consolidaci\u00f3n\u201d en el ejercicio 2022, en el momento de entrada en el Grupo, es de 55.835 miles de euros. El importe neto de esta cartera de clientes a 31 de diciembre de 2022 es de 52.022 miles de euros. Dicha cartera de clientes se amortiza en 10 a\u00f1os. Por \u00faltimo, dentro de \u201cModificaci\u00f3n de per\u00edmetro de consolidaci\u00f3n\u201d en 2021 se inclu\u00eda la cartera de clientes registrada como consecuencia de la combinaci\u00f3n de negocios tras la adquisici\u00f3n del negocio de gesti\u00f3n y transporte de se\u00f1ales de video en Per\u00fa (v\u00e9ase nota 6) y que al cierre del ejercicio 2022 se encuentra totalmente amortizada. El Inmovilizado intangible en curso a 31 de diciembre de 2022 y 2021 corresponde principalmente a la adqui- sici\u00f3n y desarrollo de aplicaciones para las actividades de operaci\u00f3n del sistema y transporte, desarrolladas por el Grupo, as\u00ed como a  la construcci\u00f3n de  las instalaciones en r\u00e9gimen  de  concesi\u00f3n que la sociedad peruana Tesur 4 est\u00e1 llevando a cabo y cuya puesta en operaci\u00f3n se ha realizado durante el mes de enero de 2023.     Gastos capitalizados  Los gastos de explotaci\u00f3n directamente relacionados con el Inmovilizado intangible que se han activado du- rante el ejercicio 2022 ascienden a 12.044 miles de euros (9.559 miles de euros en el ejercicio 2021). Por otro lado, el Grupo ha registrado durante el 2022 en la Cuenta de P\u00e9rdidas y Ganancias Consolidada gastos en Innovaci\u00f3n y Desarrollo por importe de 8.820 miles de euros.  Durante el ejercicio 2022 se han activado gastos financieros como mayor valor de Inmovilizado Intangible por importe de 858 miles de euros (262 miles de euros en 2021).     Bienes totalmente amortizados  A 31 de diciembre de 2022, el Grupo tiene totalmente amortizados elementos del Inmovilizado intangible por un importe de 44.474 miles de euros (27.943 miles de euros en 2021) correspondiendo la mayor parte de los mismos a Gastos de desarrollo y Aplicaciones inform\u00e1ticas.      Inversiones en inmovilizado intangible situadas fuera del territorio espa\u00f1ol  El valor neto contable del Inmovilizado intangible situado fuera del territorio espa\u00f1ol asciende a 31 de diciem- bre de 2022 a 442.193 miles de euros (407.505 miles de euros en el ejercicio 2021).     Compromisos de inversi\u00f3n  El Grupo no posee compromisos definitivos de compra de Inmovilizado Intangible por importes significativos, en relaci\u00f3n con su volumen de Inmovilizado intangible, y a las inversiones que realiza y tiene previsto realizar.     Seguros  El Grupo tiene contratadas varias p\u00f3lizas de seguro para cubrir los riesgos a que est\u00e1n sujetos los elementos del Inmovilizado intangible. El dise\u00f1o y contrataci\u00f3n de las p\u00f3lizas es el adecuado para los riesgos a los que dan cobertura.     An\u00e1lisis de deterioro del valor del inmovilizado intangible sujeto a amortizaci\u00f3n o depreciaci\u00f3n  El Grupo sigue el criterio de evaluar la existencia de indicios que pudieran poner de manifiesto el potencial deterioro de valor de los activos sujetos a amortizaci\u00f3n o depreciaci\u00f3n, al objeto de comprobar si el valor contable de los mencionados activos excede de su valor recuperable, entendido como el mayor entre el valor razonable, menos costes de venta y su valor en uso (ver nota 4.h).  Ante la existencia de indicios de deterioro como consecuencia de la coyuntura macroecon\u00f3mica comentada en la Nota 5, se ha procedido a realizar test de deterioro en los activos intangibles sujetos a amortizaci\u00f3n de la UGE de Transporte de energ\u00eda el\u00e9ctrica en Per\u00fa y tras los resultados de dicho test, el Grupo no ha registrado ninguna correcci\u00f3n valorativa.   Para realizar dicho test  de  deterioro,  se han considerado  las  proyecciones de  flujos de  caja futuros.  Las proyecciones se han realizado para el periodo de cada concesi\u00f3n (30 a\u00f1os desde la Puesta en Operaci\u00f3n Comercial). Los motivos por los que se consideran fiables los flujos estimados a m\u00e1s de 5 a\u00f1os se basan en la experiencia de Redeia en negocios de concesiones en el mercado de transporte de electricidad en Per\u00fa que regulan ingresos a 30 a\u00f1os.  Las hip\u00f3tesis que se incluyen en las proyecciones utilizadas y que se basan en las previsiones del negocio actualizadas y la propia experiencia pasada. Las hip\u00f3tesis utilizadas han sido las siguientes:      Retribuci\u00f3n regulada: se incluyen los flujos estimados hasta la finalizaci\u00f3n de los contratos de concesi\u00f3n asumiendo una tasa de retribuci\u00f3n de la inversi\u00f3n seg\u00fan la regulaci\u00f3n vigente en Per\u00fa.      Inversi\u00f3n: se ha usado la mejor informaci\u00f3n disponible sobre los planes de inversi\u00f3n en activos y mante- nimiento de las infraestructuras a lo largo del horizonte temporal estimado.      Costes de operaci\u00f3n y mantenimiento: han sido proyectados coherentemente con el crecimiento que se espera derivado del plan de inversiones.      Otros costes: han sido proyectados en base al conocimiento del sector, la experiencia pasada y en l\u00ednea con el crecimiento que se espera derivado del plan de inversiones.      Tasa de descuento del coste medio ponderado del capital (WACC): se ha utilizado una tasa ponderada de 8,64% pre-tax obtenida a partir de un informe elaborado por un experto independiente.   El an\u00e1lisis de sensibilidad se ha realizado atendiendo a las variaciones razonablemente posibles en las prin- cipales hip\u00f3tesis, de manera que un incremento de la tasa de descuento de un 0,5% y una disminuci\u00f3n de la tasa de crecimiento en un 0,5% no supondr\u00eda un deterioro. No se han sensibilizado otras hip\u00f3tesis dado el car\u00e1cter regulado de la actividad.  En relaci\u00f3n con los activos intangibles asignados a la UGE del negocio satelital tradicional (Legacy), las hip\u00f3tesis empleadas para su c\u00e1lculo se encuentran explicitadas en la nota 8. En 2022 y 2021, el Grupo realiz\u00f3 un an\u00e1lisis de los posibles indicios de deterioro de estos activos, y concluy\u00f3 de dicho an\u00e1lisis que no se produjeron hechos que hicieran variar la provisi\u00f3n por deterioro registrada en 2020 por importe de 5,7 millo- nes de euros.  Como consecuencia del reconocimiento de la p\u00e9rdida por deterioro de valor de los activos realizada en el ejercicio 2020, la dotaci\u00f3n por amortizaci\u00f3n en el ejercicio 2022 se ha visto minorada en 0,7 millones de euros aproximadamente.     An\u00e1lisis de deterioro del valor del inmovilizado intangible de vida \u00fatil indefinida  Al cierre de los ejercicios 2022 y 2021, el Grupo ha efectuado tests de deterioro para aquellos activos intan- gibles cuya vida \u00fatil es indefinida (Fondos de Comercio y Derecho de tarifa regulada), con el objetivo de comprobar su recuperabilidad, no habi\u00e9ndose identificado ninguna correcci\u00f3n valorativa al respecto.  Fondo de comercio  A 31 de diciembre de 2022 se corresponde principalmente con el Fondo de Comercio surgido de la combina- ci\u00f3n de negocios por la adquisici\u00f3n en octubre de 2019 del Subgrupo Hispasat por importe de 228 millones de euros y por la adquisici\u00f3n de Axess Networks por Hispasat, S.A. (ver Nota 2.g y 6) por importe de 55 millones de euros, la cual se ha realizado siguiendo el Plan Estrat\u00e9gico de Hispasat, lo que ha permitido a Hispasat concretar la iniciativa de verticalizaci\u00f3n prevista en dicho plan.  Tras la adquisici\u00f3n de Axess, la UGE del negocio tradicional satelital (Legacy) se mantiene tal y como estaba definida en ejercicios anteriores. Por otro lado, se ha procedido a segregar en dos UGE\u2019s diferencia- das lo que se denomin\u00f3 como \u201cla/s UGE/s de nuevos negocios y servicios satelitales\u201d con el objeto de identificar separadamente las infraestructuras adaptadas a la nueva tecnolog\u00eda de los servicios y soluciones satelitales prestados a trav\u00e9s de la adquisici\u00f3n de negocios previamente operativos considerando que ambas UGE\u2019s generan flujos y costes del capital independientes:     UGE de infraestructuras con nueva tecnolog\u00eda: permiten prestar servicios gestionados de una manera m\u00e1s eficiente y flexible. Se identifica con la futura flota de sat\u00e9lites y alianzas con otros players del sector orientados a la prestaci\u00f3n de capacidad o servicios de valor a\u00f1adido de manera m\u00e1s eficiente y flexible a trav\u00e9s de flota nueva y digital que incorpore las nuevas tecnolog\u00edas;   UGE de nuevos negocios y servicios: permiten consolidar la orientaci\u00f3n al negocio B2B y B2G e incor- pora la prestaci\u00f3n de servicios y soluciones satelitales (a trav\u00e9s de Axess Networks y potenciales opera- ciones inorg\u00e1nicas) que permitir\u00e1 a Hispasat avanzar en la mencionada estrategia de integraci\u00f3n vertical en la cadena de valor.  De esta forma, dentro del segmento de telecomunicaciones, al igual que en el ejercicio 2021, el fondo de comercio surgido en la adquisici\u00f3n de Hispasat en 2019, est\u00e1 asignado a la agrupaci\u00f3n de las UGEs prove- nientes del negocio satelital, m\u00e1s concretamente, a la UGE de negocio tradicional satelital (Legacy), a la UGE de infraestructuras  con  nueva tecnolog\u00eda y la UGE de nuevos  negocios y servicios, siendo este nivel de agrupaci\u00f3n, en el cual, el fondo de comercio es controlado a efectos de gesti\u00f3n interna en Redeia. Por otro lado, el fondo de comercio surgido en la adquisici\u00f3n de Axess Networks se ha asignado a la UGE de nuevos negocios.  A 31 de diciembre de 2022 el Grupo ha realizado en primer lugar el test de deterioro de las UGEs del negocio satelital, sin incluir el fondo de comercio surgido de la compra de Hispasat.  En 2020 se registr\u00f3 un deterioro en la UGE Legacy de 122 millones de euros (5,7 y 116,6 millones de euros correspondientes al inmovilizado intangible y material, respectivamente). A 31 de diciembre de 2022 se ha concluido que el valor recuperable y el valor contable de los activos asociados a la UGE no difieren significa- tivamente, por lo que no se ha identificado ninguna correcci\u00f3n valorativa adicional (v\u00e9ase nota 8).  Para el resto de UGEs el valor recuperable es superior al valor contable. A continuaci\u00f3n, el Grupo ha comprobado que no existe deterioro de valor al nivel del grupo de UGEs a las que se asign\u00f3 el fondo de comercio (agrupaci\u00f3n de UGE Legacy, UGE de infraestructuras con nueva tecno- log\u00eda y la UGE de nuevos negocios y servicios).   El an\u00e1lisis se ha realizado al cierre del ejercicio 2022 tomando como base las proyecciones del Plan Estrat\u00e9- gico del negocio satelital aprobado en 2022. Las hip\u00f3tesis principales utilizadas en el c\u00e1lculo del test de deterioro del negocio satelital del Grupo en 2022 se han mantenido similares con respecto al ejercicio anterior y son las siguientes:     Se ha realizado el test estimando el valor razonable menos costes de venta, tomando el enfoque de in- gresos con el objeto de determinar el valor recuperable del negocio satelital.   El enfoque de ingresos indica el valor recuperable de un negocio bas\u00e1ndose en el valor actual de los flujos de caja que puede previsiblemente generar en un futuro, realizado mediante el Descuento de Flujos de Caja (DFC). El DFC estima el valor presente de los Flujos de Caja Libres (FCL) futuros a una tasa de descuento (Coste Medio Ponderado de Capital o WACC) que refleja el valor temporal del dinero y los riesgos asociados a los citados flujos esperados.   Los costes de venta se han estimado tomando en consideraci\u00f3n los costes incurridos en transacciones previas realizadas por el Grupo.  El nivel de la jerarqu\u00eda de valor razonable seg\u00fan la NIIF 13 en la que la medici\u00f3n del valor razonable se ha clasificado en su totalidad ha sido de Nivel 3, sin considerar si los costes de enajenaci\u00f3n o disposici\u00f3n por otra v\u00eda son observables.     Se han utilizado proyecciones de flujos para el periodo 2022-2040 para los sat\u00e9lites actuales, coherente con su vida \u00fatil, as\u00ed como tambi\u00e9n el periodo de la vida \u00fatil para los nuevos activos satelitales cuyo lanza- miento se prev\u00e9 realizar en los pr\u00f3ximos a\u00f1os y con la entrada prevista del Subgrupo Hispasat en nuevos modelos de negocio y tecnolog\u00edas.   Los motivos por los que se consideran fiables los flujos estimados a m\u00e1s de 5 a\u00f1os se basan en la expe- riencia del Grupo en inversiones con fuerte componente tecnol\u00f3gico que implican contratos y compromisos a largo plazo. En el negocio satelital se materializan compromisos contractuales con clientes a largo plazo, siendo habitual la firma de contratos a largo plazo que cubren gran parte de la vida \u00fatil de los sat\u00e9lites, con el objeto de obtener una rentabilidad m\u00ednima antes del lanzamiento de  los nuevos sat\u00e9lites y que constituya una base s\u00f3lida sobre la que  asentar la consecuci\u00f3n de la rentabilidad prevista del sat\u00e9lite conforme a las estimaciones realizadas para abordar el proyecto.   El valor terminal relacionado con  la tecnolog\u00eda tradicional  es  cero, dado  que la infraestructura que  da soporte a este negocio dejar\u00e1 de generar ingresos y gastos una vez alcance el fin de su vida \u00fatil. Para las infraestructuras con nueva tecnolog\u00eda y los nuevos negocios y servicios, se ha considerado un valor ter- minal, con un crecimiento a perpetuidad del 0% y 1,25%, respectivamente.     Se ha considerado un margen EBITDA para el negocio tradicional y para las nuevas tecnolog\u00edas y nuevos negocios y servicios alineado con el a\u00f1o anterior, que en conjunto arrojan un margen promedio del 59%.     Los principales tipos de cambio considerados para los flujos en moneda extranjera se han basado en las estimaciones para los a\u00f1os futuros de las monedas d\u00f3lar americano (USD), real brasile\u00f1o (BRL) y peso mexicano (MXN).    Para la actualizaci\u00f3n de los flujos se ha utilizado una tasa de descuento basada en el coste medio ponde- rado del capital (WACC) a partir de un informe elaborado por un experto independiente. En concreto se ha utilizado el 8,58% pre-tax para el negocio satelital tradicional (7,60% en 2021) as\u00ed como para las infra- estructuras con nueva tecnolog\u00eda y una tasa del 12,3% pre-tax para los nuevos negocios y servicios.  Teniendo en cuenta las hip\u00f3tesis comentadas anteriormente, el Grupo ha concluido que no es necesario registrar un deterioro de valor al igual que en el ejercicio 2021.  El Grupo ha realizado un an\u00e1lisis de sensibilidad a trav\u00e9s de variaciones razonables de las principales hip\u00f3- tesis operativas y financieras consideradas en dicho c\u00e1lculo. Se han asumido los siguientes incrementos y disminuciones:    Ingresos -4% +4%  Margen Bruto -200 p.b. +200 p.b.  Tipo cambio USD -5% +5%  Tipo cambio BRL -15% +15%  Tasa de descuento +40 p.b. -40 p.b. El rango de variaci\u00f3n estimado para el an\u00e1lisis de sensibilidad de las principales hip\u00f3tesis operativas se ha realizado ponderando el peso relativo de cada una de ellas en las diferentes UGEs a las que fue asignado el Fondo de Comercio.    Para el rango de sensibilidad de los ingresos, se ha realizado un an\u00e1lisis de sensibilidad del impacto sobre el valor recuperable ante variaciones de los ingresos tomando como referencia una variaci\u00f3n los ingresos por prestaci\u00f3n de servicios del \u00b1 4%.  Por otro lado, se ha realizado un an\u00e1lisis de sensibilidad sobre el margen EBITDA que arrojan las proyeccio- nes que soportan el valor recuperable, incorporando un aumento/disminuci\u00f3n de los gastos operativos que supongan una variaci\u00f3n en el margen anual de EBITDA durante el horizonte temporal de las proyecciones de \u00b1200 p.b. Este rango de variaci\u00f3n del margen EBITDA se considera razonable, teniendo en cuenta que Hispasat ha realizado una estimaci\u00f3n detallada de su estructura de costes necesarios para la ejecuci\u00f3n de los proyectos considerados en el Plan Estrat\u00e9gico y tomando como referencia la de otros operadores con un grado de verticalizaci\u00f3n asimilable al contemplado en las proyecciones.  En cuanto al an\u00e1lisis de sensibilidad por variaci\u00f3n del tipo de cambio en las proyecciones que soportan el c\u00e1lculo del valor recuperable, se han considerado las monedas que afectan a la pr\u00e1ctica totalidad del riesgo por divisa, como son el d\u00f3lar americano (USD) y  el  real brasile\u00f1o  (BRL).  Las variaciones  incluidas en  el an\u00e1lisis de sensibilidad son del \u00b1 5% para el EUR/USD y del \u00b1 15% para el EUR/BRL. Estas referencias se encuentran en l\u00ednea con las calculadas en el ejercicio anterior.   Para el rango de sensibilidad de la tasa de descuento, se ha realizado un an\u00e1lisis de sensibilidad del impacto sobre el valor recuperable ante variaciones de la tasa de \u00b1 10 p.b., \u00b1 50 p.b. y \u00b1 50 p.b. para las UGEs Legacy, UGE de infraestructuras con nueva tecnolog\u00eda y UGE de nuevos negocios y servicios, respectivamente. Estas variaciones consideran el diferencial de riesgo asociado a las tres UGEs. Del an\u00e1lisis realizado se pone de manifiesto que a 31 de diciembre de 2022 y 2021 cualquier cambio razo- nablemente posible  en  cualquiera de las hip\u00f3tesis  clave  consideradas, sobre  las que  se basa el  importe recuperable del negocio satelital del Grupo, no causar\u00eda que el importe en libros agregado del grupo de UGEs (1.097 millones de euros en 2022 y 1.036 en 2021), a las que se ha asignado el Fondo de Comercio, supere al importe recuperable agregado de las UGEs. El valor recuperable a 31 de diciembre de 2022 es aproxima- damente un 20% superior al importe en libros.  Otro inmovilizado intangible  En relaci\u00f3n con los activos asignados a la UGE del Transporte de energ\u00eda el\u00e9ctrica en Chile, que incluyen el activo intangible por el Derecho de Tarifa regulada, los activos materiales descritos en la nota 8 y la inver- si\u00f3n por el m\u00e9todo de la participaci\u00f3n en TEN desglosada en la nota 11, se ha procedido a realizar test de deterioro y tras los resultados de dicho test, no se ha registrado ninguna correcci\u00f3n valorativa al igual que en el ejercicio 2021.  Para realizar dicho test de deterioro, el Grupo ha considerado las proyecciones de flujos de caja futuros. Las proyecciones se han realizado para el periodo 2022-2070 y considerando un crecimiento a perpetuidad pos- teriormente. Los motivos por los que se consideran fiables los flujos estimados a m\u00e1s de 5 a\u00f1os se basan en la experiencia del Grupo en negocios regulados en el mercado de transporte de electricidad en Chile que implica un derecho de tarifa regulada perpetuo.  Las hip\u00f3tesis que se incluyen en las proyecciones utilizadas y que se basan en las previsiones del negocio actualizadas y la propia experiencia pasada. Las hip\u00f3tesis utilizadas han sido las siguientes:      Retribuci\u00f3n regulada: se ha estimado teniendo en cuenta las cifras aprobadas en el Decreto Tarifario por parte del Ministerio de Energ\u00eda (v\u00e9ase nota 3.b), y se ha actualizado para los ejercicios posteriores utili- zando los mecanismos para la actualizaci\u00f3n que la legislaci\u00f3n establece.      Inversi\u00f3n: se ha usado la mejor informaci\u00f3n disponible sobre los planes de inversi\u00f3n en activos y mante- nimiento de las infraestructuras a lo largo del horizonte temporal estimado.      Costes de operaci\u00f3n y mantenimiento: han sido proyectados coherentemente con el crecimiento que se espera derivado del plan de inversiones.      Otros costes: han sido proyectados en base al conocimiento del sector, la experiencia pasada y en l\u00ednea con el crecimiento que se espera derivado del plan de inversiones.      Tasa de crecimiento: se ha estimado una tasa media ponderada de crecimiento a perpetuidad del 2,05%.     Tasa de descuento del coste medio ponderado del capital (WACC): se ha utilizado una tasa ponderada de 9,07% pre-tax obtenida a partir de un informe elaborado por un experto independiente.  El an\u00e1lisis de sensibilidad se ha realizado atendiendo a las variaciones razonablemente posibles en las prin- cipales hip\u00f3tesis, de manera que un incremento de la tasa de descuento de un 0,5% y una disminuci\u00f3n de la tasa de crecimiento en un 0,5% no supondr\u00eda un deterioro. No se han sensibilizado otras hip\u00f3tesis dado el car\u00e1cter regulado de la actividad. ",
   "dimensions": {
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    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
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  },
  "fact-12": {
   "value": "El movimiento producido en los ejercicios 2022 y 2021 en las diferentes cuentas del Inmovilizado intangible y de sus correspondientes amortizaciones acumuladas ha sido el siguiente: 31 de  Variacio- Modificaci\u00f3n 31 de  Variaciones Modificaci\u00f3n  31 de diciembre nes tipo de per\u00edmetro de Altas   Bajas  Traspasos diciembre tipo de  per\u00edmetro de Altas   Bajas  Traspasos diciembre  de 2020  cambio consolidaci\u00f3n de 2021 cambio consolidaci\u00f3n de 2022 Miles de euros Concesiones administrati- 388.390 29.462 - 275 - 75 418.202 25.224 - 5.548 - 41 449.015 vas y Propiedad Industrial Marca  15.234 - - - - - 15.234 - - - - - 15.234 Gastos de desarrollo y  90.491 360    - (662) 5.704 95.893 354 601 1.889 - 18.358 117.095 Aplicaciones inform\u00e1ticas Fondo de Comercio  231.415 279 - - - - 231.694 (1.801) 57.062 - - - 286.955 Otro Inmovilizado Intangible 45.242 3.774 3.788 - - - 52.804 1.059 55.835 - - - 109.698 Inmovilizado intangible en 13.013 1.085 - 36.301    (6.380) 44.019 614 - 39.225 - (18.399) 65.459 curso Total Inmovilizado  783.785 34.960 3.788 36.576 (662) (601) 857.846 25.450 113.498 46.662 - - 1.043.456 Intangible Amortizaci\u00f3n Acum.  Concesiones administrati- (44.396) (4.639) - (18.027) - - (67.062) (3.870) - (20.785) - (340) (92.057) vas y Propiedad Industrial Amortizaci\u00f3n Acum.  Marca  (1.905) - - (1.523) - - (3.428) - - (1.523) - - (4.951) Amortizaci\u00f3n Acum. Gastos de desarrollo y Aplicaciones (40.955) (18) - (18.900) 343    (59.530) (10) - (20.476) - 20 (79.996) inform\u00e1ticas Amortizaci\u00f3n Acum. Otro - - - (1.528)      (1.528) (62) - (4.356) - 320 (5.626) Inmovilizado Intangible Total Amortizaci\u00f3n  (87.256) (4.657) - (39.978) 343 - (131.548) (3.942) - (47.140) - - (182.630) Acumulada Deterioro Concesiones  administrativas y Propiedad (5.357) - - - - - (5.357) - - - - - (5.357) Industrial Deterioro Marca  - - - - - - - - - - - - - Deterioro Gastos de  desarrollo y Aplicaciones  (322) - - - - - (322) - - - - - (322) inform\u00e1ticas Total Deterioros de valor  (5.679) - - - - - (5.679) - - - - - (5.679) Valor Neto  690.850 30.303 3.788 (3.402) (319) (601) 720.619 21.508 113.498 (478) - - 855.147 El movimiento producido durante los ejercicios 2022 y 2021 en las diferentes cuentas del Inmovilizado mate- rial, as\u00ed como en sus correspondientes amortizaciones acumuladas y deterioros de valor ha sido el siguiente: Salidas, Modifi- Varia- Modifica- Varia- Salidas, bajas, re- caci\u00f3n ciones ci\u00f3n per\u00ed- ciones bajas, re- Altas y duccio- Traspa- per\u00edme- Altas y Traspa- 31.12.2020 tipo de metro de 31.12.2021 tipo de ducciones 31.12.2022 Otros nes y sa- sos tro de Otros sos cam- consoli- cam- y sanea- neamien- consoli- bio daci\u00f3n bio mientos Miles de euros tos daci\u00f3n Coste                                        Terrenos y construcciones  115.765 122 - 221 (2.506) 477 114.079 2.005 530 3.962 (1.521) 9.286 128.341 Instalaciones t\u00e9cnicas de energ\u00eda el\u00e9ctrica  14.787.613 5.693 - 547 - 345.960 15.139.813 7.510 - - - 417.082 15.564.405 Instalaciones t\u00e9cnicas de telecomunicacio- 1.407.247 865 1.957 16.680 (4.668) 6.473 1.428.554 1.396 18.597 340 (2.318) 9.756 1.456.325 nes Otras instalaciones, maquinaria, utillaje, 267.109 1.524 - 18.573 (3.890) (306) 283.010 375 - 5.520 (5.548) 11.080 294.437 mobiliario y otro inmovilizado Anticipos e inmovilizado material en curso  926.486 1.665 933 501.565 (1.956) (352.003) 1.076.691 3.357 1.714 556.839 (4.380) (497.611) 1.136.610 Total Coste  17.504.220 9.869 2.890 537.586 (13.020) 601 18.042.147 14.643 20.841 566.661 (13.767) (50.407) 18.580.118 Amortizaci\u00f3n Acumulada                                        Amortizaci\u00f3n construcciones  (29.870) (12) - (3.473) 2.208 - (31.147) (69) - (4.224) 754 46 (34.640) Amortizaci\u00f3n Instalaciones t\u00e9cnicas de  (272.637) (447) - (104.901) 3.220 - (374.765) (175) - (114.070) 5.798 237 (482.975) telecomunicaciones Amortizaci\u00f3n Instalaciones t\u00e9cnicas de (7.240.156) (314) - (360.089) - - (7.600.559) (283) - (364.837) - - (7.965.679) energ\u00eda el\u00e9ctrica Amortizaci\u00f3n Otras instalaciones, maqui- (236.176) (18) - (13.651) 2.203 - (247.642) (35) - (14.688) 4.933 (283) (257.715) naria, utillaje, mobiliario y otro inmovilizado Total Amortizaci\u00f3n Acumulada  (7.778.839) (791) - (482.115) 7.631 - (8.254.114) (562) - (497.819) 11.485 - (8.741.010) Deterioro   Deterioro terrenos y construcciones  (1.091) - - - - - (1.091) - - - - - (1.091) Deterioro Instalaciones t\u00e9cnicas de  (106.094) (37) - (89) 2.077 - (104.143) (100) - (20) - - (104.263) telecomunicaciones Deterioro Instalaciones t\u00e9cnicas de  (95.544) - - - - - (95.544) - - - - - (95.544) energ\u00eda el\u00e9ctrica Deterioro otras instalaciones, maquinaria, (11.407) - - - - - (11.407) - - - - - (11.407) utillaje, mobiliario y otro inmovilizado Deterioros de valor  (214.136) (37) - (89) 2.077 - (212.185) (100) - (20) - - (212.305) Valor Neto  9.511.245 9.041 2.890 55.382 (3.312) 601 9.575.848 13.981 20.841 68.822 (2.282) (50.407) 9.626.803  A 31 de diciembre de 2022 los contratos de arrendamiento financiero m\u00e1s significativos formalizados por el Grupo son los siguientes: Las instalaciones t\u00e9cnicas de telecomunicaciones sobre las que la Sociedad Reintel tiene un acuerdo de cesi\u00f3n de uso con ADIF-AV para la gesti\u00f3n de la explotaci\u00f3n de la red de cables de fibra \u00f3ptica y dem\u00e1s elementos asociados. Este acuerdo se suscribi\u00f3 en 2014 por un periodo de 20 a\u00f1os. A 31 de diciembre el valor neto reflejado en el estado de situaci\u00f3n financiera consolidado asciende a 282 millones de euros (303 millones de euros en 2021). Un sat\u00e9lite registrado como un inmovilizado material dentro de instalaciones t\u00e9cnicas de telecomunicacio- nes, el cual est\u00e1 arrendado al operador satelital Intelsat, por importe de 28 millones euros (31 millones de euros en 2021) hasta 2030.  En ambos casos el importe fue totalmente desembolsado de forma anticipada por lo que dicho inmovilizado no recoge pagos m\u00ednimos futuros por arrendamiento.  Adicionalmente, existen activos por derechos de uso en el Inmovilizado Material y Pasivos por arrendamiento dentro de Otros pasivos financieros. Los principales activos del Grupo a los que resulta de aplicaci\u00f3n la NIIF 16 Arrendamientos, son las siguientes:  o  Elementos de transporte: Principalmente veh\u00edculos en modalidad de renting.  o  Construcciones: Oficinas, locales y terrenos necesarias para el desarrollo de la actividad del Grupo.  o   Instalaciones t\u00e9cnicas de telecomunicaciones. Corresponden al arrendamiento de capacidad satelital.     Activos por derechos de uso  El detalle y movimiento de los activos por derechos de uso durante los ejercicios 2022 y 2021 ha sido el siguiente:  Miles de euros 2022  2021 Total inicio del ejercicio  27.379 15.053 Entrada en el per\u00edmetro de consolidaci\u00f3n  1.716 - Altas del ejercicio  10.193 18.920 Bajas del ejercicio  (750) (1.478) Amortizaci\u00f3n del ejercicio  (12.250) (5.180) Diferencia de Conversi\u00f3n  174 64 Total al cierre del ejercicio  26.462 27.379 Los movimientos registrados en 2022 y 2021 sobre estas participaciones son los siguientes: Ajustes Variaciones Modificaci\u00f3n Resultado de Ampliaci\u00f3n por  Sociedad  31.12.2021 tipo de  per\u00edmetro de Dividendos la  31.12.2022 capital cambio de cambio consolidaci\u00f3n participaci\u00f3n Valor Transmisora El\u00e9ctrica 209.931 12.887 - - - 956 9.369 233.142 del Norte S.A. (TEN) Argo Energia Em- preendimentos e  300.937 26.538 200.730 - (306) 46.695 - 574.594 Participa\u00e7\u00f5es S.A. Hisdesat Servicios  72.877 - - - - 2.257 - 75.134 Estrat\u00e9gicos, S.A. Grupo Sylvestris, S.L.  - - - 4.478 - - - 4.478 Otras participaciones 119 - - - - - - 119 Subgrupo Hispasat Participaciones  Influencia significativa 4.119 - - (466) - 497 - 4.150 RETIT  Total 587.983 39.425 200.730 (4.012) (306) 50.405 9.369 891.617 Variaciones Modificaci\u00f3n Ajustes por Resultado de la Sociedad  31.12.2020 tipo de per\u00edmetro de Dividendos cambio de 31.12.2021 participaci\u00f3n cambio consolidaci\u00f3n Valor y otros Transmisora El\u00e9ctrica 174.034 16.210 - - (4.251) 23.938 209.931 del Norte S.A. (TEN) Argo Energia  Empreendimentos e  282.041 2.760 - (780) 24.069 (7.153) 300.937 Participa\u00e7\u00f5es S.A.  Hisdesat Servicios Es- 63.118 - - - 9.759 - 72.877 trat\u00e9gicos, S.A. Grupo de Navegaci\u00f3n Sistemas y Servicios 119 - - - - - 119 S.L. Participaciones  Influencia significativa - - 4.150 - (31) - 4.119 RETIT  Total  519.312 18.970 4.150 (780) 29.546 16.785 587.983 El movimiento de este ep\u00edgrafe del pasivo del Estado de situaci\u00f3n financiera consolidado adjunto durante los ejercicios 2022 y 2021, se muestra a continuaci\u00f3n:  Modifica- P\u00e9rdidas y ci\u00f3n per\u00ed- Diferen- Aplicacio- Traspa- Ganancias 31.12.2021  Adiciones metro de cia de 31.12.2022 nes sos Actuaria- consolida- cambio les Miles de euros ci\u00f3n Provisiones no corrientes Provisiones de personal  74.577 17.716 (1.649) - (21.147) - - 69.497 Otras provisiones  55.388 14.560 (11.260) - 11.269 368 70.325 Total no corriente  129.965 32.276 (12.909) - (21.147) 11.269 368 139.822 Provisiones corrientes Otras provisiones  21.202 4.584 - 2.235 - - 2.515 30.536 Total corriente  21.202 4.584 - 2.235 - - 2.515 30.536 Total Provisiones  151.167 36.860 (12.909) 2.235 (21.147) - 2.883 170.358 P\u00e9rdidas y Aplicacio- Diferencia 31.12.2020  Adiciones Traspasos Ganancias 31.12.2021 nes de cambio Actuariales Miles de euros Provisiones no corrientes Provisiones de personal  81.723 6.268 (2.141) (11.273) 74.577 Otras provisiones  54.263 8.578 (7.453) - 55.388 Total no corriente  135.986 14.846 (9.594) - (11.273) - 129.965 Provisiones corrientes Provisiones de personal  - - - - - Otras provisiones  57.183 2.530 (947) (37.925) - 361 21.202 Total corriente  57.183 2.530 (947) (37.925) - 361 21.202 Total Provisiones  193.169 17.376 (10.541) (37.925) (11.273) 361 151.167 El detalle de Obligaciones y otros valores negociables a 31 de diciembre de 2022 y 2021 es el siguiente: 31/12/2022 (+/-) Ajustes Saldo vivo Saldo vivo (-) Recompras o por tipo de  inicial (+) Emisiones final reembolsos cambio y 31/12/2021 31/12/2022 otros Miles de euros Valores representativos en un mercado de deuda que han requerido del registro de un folleto  4.026.747 - (400.000) 14.995 3.641.742 informativo Valores representativos en un mercado de deuda que no han requerido del registro de un folleto  - - - - - informativo Otros valores representativos de deuda emitidos 374.890 - (5.521) 23.378 392.747 fuera de un estado miembro de la Uni\u00f3n Europea Total  4.401.637 - (405.521) 38.373 4.034.489 31/12/2021 (+/-) Ajustes Saldo vivo Saldo vivo (-) Recompras o por tipo de inicial  (+) Emisiones final reembolsos cambio y 31/12/2020 31/12/2021 otros Miles de euros Valores representativos en un mercado de deuda que han requerido del registro de un folleto  3.422.760 600.000 - 3.987 4.026.747 informativo Valores representativos en un mercado de deuda que no han requerido del registro de un folleto  - - - - - informativo Otros valores representativos de deuda emitidos 350.324 - (4.586) 29.152 374.890 fuera de un estado miembro de la Uni\u00f3n Europea Total  3.773.084 600.000 (4.586) 33.139 4.401.637 La evoluci\u00f3n durante 2022 y 2021 de valores representativos en un mercado de deuda que han requerido del registro de un folleto informativo corresponde a emisiones registradas en Luxemburgo.  Los cambios en los pasivos en los instrumentos de financiaci\u00f3n a lo largo del ejercicio 2022 diferenciando entre los que suponen y los que no suponen movimientos de flujos de efectivo son los siguientes:  Movimientos que no suponen flujos Movimientos de efectivo 31/12/2021 de flujos de 31/12/2022 efectivo Variaciones de tipo Otras  Miles de euros de cambio Variaciones Emisiones en euros  4.026.747 (400.000) - 14.995 3.641.742 Emisiones en d\u00f3lares americanos  374.890 (5.521) 23.424 (46) 392.747 Deuda bancaria en euros   2.439.008 (820.221) - (2.246) 1.616.541 Deuda bancaria en divisas  396.461 84.024 20.662 19.954 521.101 Total Deuda  7.237.106 (1.141.718) 44.086 32.657 6.172.131 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
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  },
  "fact-609": {
   "value": "31 de  Variacio- Modificaci\u00f3n 31 de  Variaciones Modificaci\u00f3n  31 de diciembre nes tipo de per\u00edmetro de Altas   Bajas  Traspasos diciembre tipo de  per\u00edmetro de Altas   Bajas  Traspasos diciembre  de 2020  cambio consolidaci\u00f3n de 2021 cambio consolidaci\u00f3n de 2022 Miles de euros Concesiones administrati- 388.390 29.462 - 275 - 75 418.202 25.224 - 5.548 - 41 449.015 vas y Propiedad Industrial Marca  15.234 - - - - - 15.234 - - - - - 15.234 Gastos de desarrollo y  90.491 360    - (662) 5.704 95.893 354 601 1.889 - 18.358 117.095 Aplicaciones inform\u00e1ticas Fondo de Comercio  231.415 279 - - - - 231.694 (1.801) 57.062 - - - 286.955 Otro Inmovilizado Intangible 45.242 3.774 3.788 - - - 52.804 1.059 55.835 - - - 109.698 Inmovilizado intangible en 13.013 1.085 - 36.301    (6.380) 44.019 614 - 39.225 - (18.399) 65.459 curso Total Inmovilizado  783.785 34.960 3.788 36.576 (662) (601) 857.846 25.450 113.498 46.662 - - 1.043.456 Intangible Amortizaci\u00f3n Acum.  Concesiones administrati- (44.396) (4.639) - (18.027) - - (67.062) (3.870) - (20.785) - (340) (92.057) vas y Propiedad Industrial Amortizaci\u00f3n Acum.  Marca  (1.905) - - (1.523) - - (3.428) - - (1.523) - - (4.951) Amortizaci\u00f3n Acum. Gastos de desarrollo y Aplicaciones (40.955) (18) - (18.900) 343    (59.530) (10) - (20.476) - 20 (79.996) inform\u00e1ticas Amortizaci\u00f3n Acum. Otro - - - (1.528)      (1.528) (62) - (4.356) - 320 (5.626) Inmovilizado Intangible Total Amortizaci\u00f3n  (87.256) (4.657) - (39.978) 343 - (131.548) (3.942) - (47.140) - - (182.630) Acumulada Deterioro Concesiones  administrativas y Propiedad (5.357) - - - - - (5.357) - - - - - (5.357) Industrial Deterioro Marca  - - - - - - - - - - - - - Deterioro Gastos de  desarrollo y Aplicaciones  (322) - - - - - (322) - - - - - (322) inform\u00e1ticas Total Deterioros de valor  (5.679) - - - - - (5.679) - - - - - (5.679) Valor Neto  690.850 30.303 3.788 (3.402) (319) (601) 720.619 21.508 113.498 (478) - - 855.147    An\u00e1lisis de deterioro del valor del inmovilizado intangible sujeto a amortizaci\u00f3n o depreciaci\u00f3n  El Grupo sigue el criterio de evaluar la existencia de indicios que pudieran poner de manifiesto el potencial deterioro de valor de los activos sujetos a amortizaci\u00f3n o depreciaci\u00f3n, al objeto de comprobar si el valor contable de los mencionados activos excede de su valor recuperable, entendido como el mayor entre el valor razonable, menos costes de venta y su valor en uso (ver nota 4.h).  Ante la existencia de indicios de deterioro como consecuencia de la coyuntura macroecon\u00f3mica comentada en la Nota 5, se ha procedido a realizar test de deterioro en los activos intangibles sujetos a amortizaci\u00f3n de la UGE de Transporte de energ\u00eda el\u00e9ctrica en Per\u00fa y tras los resultados de dicho test, el Grupo no ha registrado ninguna correcci\u00f3n valorativa.   Para realizar dicho test  de  deterioro,  se han considerado  las  proyecciones de  flujos de  caja futuros.  Las proyecciones se han realizado para el periodo de cada concesi\u00f3n (30 a\u00f1os desde la Puesta en Operaci\u00f3n Comercial). Los motivos por los que se consideran fiables los flujos estimados a m\u00e1s de 5 a\u00f1os se basan en  la experiencia de Redeia en negocios de concesiones en el mercado de transporte de electricidad en Per\u00fa que regulan ingresos a 30 a\u00f1os.  Las hip\u00f3tesis que se incluyen en las proyecciones utilizadas y que se basan en las previsiones del negocio actualizadas y la propia experiencia pasada. Las hip\u00f3tesis utilizadas han sido las siguientes:      Retribuci\u00f3n regulada: se incluyen los flujos estimados hasta la finalizaci\u00f3n de los contratos de concesi\u00f3n asumiendo una tasa de retribuci\u00f3n de la inversi\u00f3n seg\u00fan la regulaci\u00f3n vigente en Per\u00fa.      Inversi\u00f3n: se ha usado la mejor informaci\u00f3n disponible sobre los planes de inversi\u00f3n en activos y mante- nimiento de las infraestructuras a lo largo del horizonte temporal estimado.      Costes de operaci\u00f3n y mantenimiento: han sido proyectados coherentemente con el crecimiento que se espera derivado del plan de inversiones.      Otros costes: han sido proyectados en base al conocimiento del sector, la experiencia pasada y en l\u00ednea con el crecimiento que se espera derivado del plan de inversiones.      Tasa de descuento del coste medio ponderado del capital (WACC): se ha utilizado una tasa ponderada de 8,64% pre-tax obtenida a partir de un informe elaborado por un experto independiente.   El an\u00e1lisis de sensibilidad se ha realizado atendiendo a las variaciones razonablemente posibles en las prin- cipales hip\u00f3tesis, de manera que un incremento de la tasa de descuento de un 0,5% y una disminuci\u00f3n de la tasa de crecimiento en un 0,5% no supondr\u00eda un deterioro. No se han sensibilizado otras hip\u00f3tesis dado el car\u00e1cter regulado de la actividad.  En relaci\u00f3n con los activos intangibles asignados a la UGE del negocio satelital tradicional (Legacy), las hip\u00f3tesis empleadas para su c\u00e1lculo se encuentran explicitadas en la nota 8. En 2022 y 2021, el Grupo realiz\u00f3 un an\u00e1lisis de los posibles indicios de deterioro de estos activos, y concluy\u00f3 de dicho an\u00e1lisis que no se produjeron hechos que hicieran variar la provisi\u00f3n por deterioro registrada en 2020 por importe de 5,7 millo- nes de euros.  Como consecuencia del reconocimiento de la p\u00e9rdida por deterioro de valor de los activos realizada en el ejercicio 2020, la dotaci\u00f3n por amortizaci\u00f3n en el ejercicio 2022 se ha visto minorada en 0,7 millones de euros aproximadamente.     An\u00e1lisis de deterioro del valor del inmovilizado intangible de vida \u00fatil indefinida  Al cierre de los ejercicios 2022 y 2021, el Grupo ha efectuado tests de deterioro para aquellos activos intan- gibles cuya vida \u00fatil es indefinida (Fondos de Comercio y Derecho de tarifa regulada), con el objetivo de comprobar su recuperabilidad, no habi\u00e9ndose identificado ninguna correcci\u00f3n valorativa al respecto.  Fondo de comercio  A 31 de diciembre de 2022 se corresponde principalmente con el Fondo de Comercio surgido de la combina- ci\u00f3n de negocios por la adquisici\u00f3n en octubre de 2019 del Subgrupo Hispasat por importe de 228 millones de euros y por la adquisici\u00f3n de Axess Networks por Hispasat, S.A. (ver Nota 2.g y 6) por importe de 55 millones de euros, la cual se ha realizado siguiendo el Plan Estrat\u00e9gico de Hispasat, lo que ha permitido a Hispasat concretar la iniciativa de verticalizaci\u00f3n prevista en dicho plan.  Tras la adquisici\u00f3n de Axess, la UGE del negocio tradicional satelital (Legacy) se mantiene tal y como estaba definida en ejercicios anteriores. Por otro lado, se ha procedido a segregar en dos UGE\u2019s diferencia- das lo que se denomin\u00f3 como \u201cla/s UGE/s de nuevos negocios y servicios satelitales\u201d con el objeto de identificar separadamente las infraestructuras adaptadas a la nueva tecnolog\u00eda de los servicios y soluciones satelitales prestados a trav\u00e9s de la adquisici\u00f3n de negocios previamente operativos considerando que ambas UGE\u2019s generan flujos y costes del capital independientes:     UGE de infraestructuras con nueva tecnolog\u00eda: permiten prestar servicios gestionados de una manera m\u00e1s eficiente y flexible. Se identifica con la futura flota de sat\u00e9lites y alianzas con otros players del sector orientados a la prestaci\u00f3n de capacidad o servicios de valor a\u00f1adido de manera m\u00e1s eficiente y flexible a trav\u00e9s de flota nueva y digital que incorpore las nuevas tecnolog\u00edas;   UGE de nuevos negocios y servicios: permiten consolidar la orientaci\u00f3n al negocio B2B y B2G e incor- pora la prestaci\u00f3n de servicios y soluciones satelitales (a trav\u00e9s de Axess Networks y potenciales opera- ciones inorg\u00e1nicas) que permitir\u00e1 a Hispasat avanzar en la mencionada estrategia de integraci\u00f3n vertical en la cadena de valor.  De esta forma, dentro del segmento de telecomunicaciones, al igual que en el ejercicio 2021, el fondo de comercio surgido en la adquisici\u00f3n de Hispasat en 2019, est\u00e1 asignado a la agrupaci\u00f3n de las UGEs prove- nientes del negocio satelital, m\u00e1s concretamente, a la UGE de negocio tradicional satelital (Legacy), a la UGE de infraestructuras  con  nueva tecnolog\u00eda y la UGE de nuevos  negocios y servicios, siendo este nivel de agrupaci\u00f3n, en el cual, el fondo de comercio es controlado a efectos de gesti\u00f3n interna en Redeia. Por otro lado, el fondo de comercio surgido en la adquisici\u00f3n de Axess Networks se ha asignado a la UGE de nuevos negocios.  A 31 de diciembre de 2022 el Grupo ha realizado en primer lugar el test de deterioro de las UGEs del negocio satelital, sin incluir el fondo de comercio surgido de la compra de Hispasat.  En 2020 se registr\u00f3 un deterioro en la UGE Legacy de 122 millones de euros (5,7 y 116,6 millones de euros correspondientes al inmovilizado intangible y material, respectivamente). A 31 de diciembre de 2022 se ha concluido que el valor recuperable y el valor contable de los activos asociados a la UGE no difieren significa- tivamente, por lo que no se ha identificado ninguna correcci\u00f3n valorativa adicional (v\u00e9ase nota 8).  Para el resto de UGEs el valor recuperable es superior al valor contable. A continuaci\u00f3n, el Grupo ha comprobado que no existe deterioro de valor al nivel del grupo de UGEs a las que se asign\u00f3 el fondo de comercio (agrupaci\u00f3n de UGE Legacy, UGE de infraestructuras con nueva tecno- log\u00eda y la UGE de nuevos negocios y servicios).   El an\u00e1lisis se ha realizado al cierre del ejercicio 2022 tomando como base las proyecciones del Plan Estrat\u00e9- gico del negocio satelital aprobado en 2022. Las hip\u00f3tesis principales utilizadas en el c\u00e1lculo del test de deterioro del negocio satelital del Grupo en 2022 se han mantenido similares con respecto al ejercicio anterior y son las siguientes:     Se ha realizado el test estimando el valor razonable menos costes de venta, tomando el enfoque de in- gresos con el objeto de determinar el valor recuperable del negocio satelital.   El enfoque de ingresos indica el valor recuperable de un negocio bas\u00e1ndose en el valor actual de los flujos de caja que puede previsiblemente generar en un futuro, realizado mediante el Descuento de Flujos de Caja (DFC). El DFC estima el valor presente de los Flujos de Caja Libres (FCL) futuros a una tasa de descuento (Coste Medio Ponderado de Capital o WACC) que refleja el valor temporal del dinero y los riesgos asociados a los citados flujos esperados.   Los costes de venta se han estimado tomando en consideraci\u00f3n los costes incurridos en transacciones previas realizadas por el Grupo.  El nivel de la jerarqu\u00eda de valor razonable seg\u00fan la NIIF 13 en la que la medici\u00f3n del valor razonable se ha clasificado en su totalidad ha sido de Nivel 3, sin considerar si los costes de enajenaci\u00f3n o disposici\u00f3n por otra v\u00eda son observables.     Se han utilizado proyecciones de flujos para el periodo 2022-2040 para los sat\u00e9lites actuales, coherente con su vida \u00fatil, as\u00ed como tambi\u00e9n el periodo de la vida \u00fatil para los nuevos activos satelitales cuyo lanza- miento se prev\u00e9 realizar en los pr\u00f3ximos a\u00f1os y con la entrada prevista del Subgrupo Hispasat en nuevos modelos de negocio y tecnolog\u00edas.   Los motivos por los que se consideran fiables los flujos estimados a m\u00e1s de 5 a\u00f1os se basan en la expe- riencia del Grupo en inversiones con fuerte componente tecnol\u00f3gico que implican contratos y compromisos a largo plazo. En el negocio satelital se materializan compromisos contractuales con clientes a largo plazo, siendo habitual la firma de contratos a largo plazo que cubren gran parte de la vida \u00fatil de los sat\u00e9lites, con el objeto de obtener una rentabilidad m\u00ednima antes del lanzamiento de  los nuevos sat\u00e9lites y que constituya una base s\u00f3lida sobre la que  asentar la consecuci\u00f3n de la rentabilidad prevista del sat\u00e9lite conforme a las estimaciones realizadas para abordar el proyecto. El valor terminal relacionado con  la tecnolog\u00eda tradicional  es  cero, dado  que la infraestructura que  da soporte a este negocio dejar\u00e1 de generar ingresos y gastos una vez alcance el fin de su vida \u00fatil. Para las infraestructuras con nueva tecnolog\u00eda y los nuevos negocios y servicios, se ha considerado un valor ter- minal, con un crecimiento a perpetuidad del 0% y 1,25%, respectivamente.     Se ha considerado un margen EBITDA para el negocio tradicional y para las nuevas tecnolog\u00edas y nuevos negocios y servicios alineado con el a\u00f1o anterior, que en conjunto arrojan un margen promedio del 59%.     Los principales tipos de cambio considerados para los flujos en moneda extranjera se han basado en las estimaciones para los a\u00f1os futuros de las monedas d\u00f3lar americano (USD), real brasile\u00f1o (BRL) y peso mexicano (MXN).    Para la actualizaci\u00f3n de los flujos se ha utilizado una tasa de descuento basada en el coste medio ponde- rado del capital (WACC) a partir de un informe elaborado por un experto independiente. En concreto se ha utilizado el 8,58% pre-tax para el negocio satelital tradicional (7,60% en 2021) as\u00ed como para las infra- estructuras con nueva tecnolog\u00eda y una tasa del 12,3% pre-tax para los nuevos negocios y servicios.  Teniendo en cuenta las hip\u00f3tesis comentadas anteriormente, el Grupo ha concluido que no es necesario registrar un deterioro de valor al igual que en el ejercicio 2021.  El Grupo ha realizado un an\u00e1lisis de sensibilidad a trav\u00e9s de variaciones razonables de las principales hip\u00f3- tesis operativas y financieras consideradas en dicho c\u00e1lculo. Se han asumido los siguientes incrementos y disminuciones:    Ingresos -4% +4%  Margen Bruto -200 p.b. +200 p.b.  Tipo cambio USD -5% +5%  Tipo cambio BRL -15% +15%  Tasa de descuento +40 p.b. -40 p.b. El rango de variaci\u00f3n estimado para el an\u00e1lisis de sensibilidad de las principales hip\u00f3tesis operativas se ha realizado ponderando el peso relativo de cada una de ellas en las diferentes UGEs a las que fue asignado el Fondo de Comercio.    Para el rango de sensibilidad de los ingresos, se ha realizado un an\u00e1lisis de sensibilidad del impacto sobre el valor recuperable ante variaciones de los ingresos tomando como referencia una variaci\u00f3n los ingresos por prestaci\u00f3n de servicios del \u00b1 4%.  Por otro lado, se ha realizado un an\u00e1lisis de sensibilidad sobre el margen EBITDA que arrojan las proyeccio- nes que soportan el valor recuperable, incorporando un aumento/disminuci\u00f3n de los gastos operativos que supongan una variaci\u00f3n en el margen anual de EBITDA durante el horizonte temporal de las proyecciones de \u00b1200 p.b. Este rango de variaci\u00f3n del margen EBITDA se considera razonable, teniendo en cuenta que Hispasat ha realizado una estimaci\u00f3n detallada de su estructura de costes necesarios para la ejecuci\u00f3n de los proyectos considerados en el Plan Estrat\u00e9gico y tomando como referencia la de otros operadores con un grado de verticalizaci\u00f3n asimilable al contemplado en las proyecciones.  En cuanto al an\u00e1lisis de sensibilidad por variaci\u00f3n del tipo de cambio en las proyecciones que soportan el c\u00e1lculo del valor recuperable, se han considerado las monedas que afectan a la pr\u00e1ctica totalidad del riesgo por divisa, como son el d\u00f3lar americano (USD) y  el  real brasile\u00f1o  (BRL).  Las variaciones  incluidas en  el an\u00e1lisis de sensibilidad son del \u00b1 5% para el EUR/USD y del \u00b1 15% para el EUR/BRL. Estas referencias se encuentran en l\u00ednea con las calculadas en el ejercicio anterior.   Para el rango de sensibilidad de la tasa de descuento, se ha realizado un an\u00e1lisis de sensibilidad del impacto sobre el valor recuperable ante variaciones de la tasa de \u00b1 10 p.b., \u00b1 50 p.b. y \u00b1 50 p.b. para las UGEs Legacy, UGE de infraestructuras con nueva tecnolog\u00eda y UGE de nuevos negocios y servicios, respectivamente. Estas variaciones consideran el diferencial de riesgo asociado a las tres UGEs. Del an\u00e1lisis realizado se pone de manifiesto que a 31 de diciembre de 2022 y 2021 cualquier cambio razo- nablemente posible  en  cualquiera de las hip\u00f3tesis  clave  consideradas, sobre  las que  se basa el  importe recuperable del negocio satelital del Grupo, no causar\u00eda que el importe en libros agregado del grupo de UGEs (1.097 millones de euros en 2022 y 1.036 en 2021), a las que se ha asignado el Fondo de Comercio, supere al importe recuperable agregado de las UGEs. El valor recuperable a 31 de diciembre de 2022 es aproxima- damente un 20% superior al importe en libros.  Otro inmovilizado intangible  En relaci\u00f3n con los activos asignados a la UGE del Transporte de energ\u00eda el\u00e9ctrica en Chile, que incluyen el activo intangible por el Derecho de Tarifa regulada, los activos materiales descritos en la nota 8 y la inver- si\u00f3n por el m\u00e9todo de la participaci\u00f3n en TEN desglosada en la nota 11, se ha procedido a realizar test de deterioro y tras los resultados de dicho test, no se ha registrado ninguna correcci\u00f3n valorativa al igual que en el ejercicio 2021.  Para realizar dicho test de deterioro, el Grupo ha considerado las proyecciones de flujos de caja futuros. Las proyecciones se han realizado para el periodo 2022-2070 y considerando un crecimiento a perpetuidad pos- teriormente. Los motivos por los que se consideran fiables los flujos estimados a m\u00e1s de 5 a\u00f1os se basan en la experiencia del Grupo en negocios regulados en el mercado de transporte de electricidad en Chile que implica un derecho de tarifa regulada perpetuo.  Las hip\u00f3tesis que se incluyen en las proyecciones utilizadas y que se basan en las previsiones del negocio actualizadas y la propia experiencia pasada. Las hip\u00f3tesis utilizadas han sido las siguientes:      Retribuci\u00f3n regulada: se ha estimado teniendo en cuenta las cifras aprobadas en el Decreto Tarifario por parte del Ministerio de Energ\u00eda (v\u00e9ase nota 3.b), y se ha actualizado para los ejercicios posteriores utili- zando los mecanismos para la actualizaci\u00f3n que la legislaci\u00f3n establece.      Inversi\u00f3n: se ha usado la mejor informaci\u00f3n disponible sobre los planes de inversi\u00f3n en activos y mante- nimiento de las infraestructuras a lo largo del horizonte temporal estimado.      Costes de operaci\u00f3n y mantenimiento: han sido proyectados coherentemente con el crecimiento que se espera derivado del plan de inversiones.      Otros costes: han sido proyectados en base al conocimiento del sector, la experiencia pasada y en l\u00ednea con el crecimiento que se espera derivado del plan de inversiones.      Tasa de crecimiento: se ha estimado una tasa media ponderada de crecimiento a perpetuidad del 2,05%.     Tasa de descuento del coste medio ponderado del capital (WACC): se ha utilizado una tasa ponderada de 9,07% pre-tax obtenida a partir de un informe elaborado por un experto independiente.  El an\u00e1lisis de sensibilidad se ha realizado atendiendo a las variaciones razonablemente posibles en las prin- cipales hip\u00f3tesis, de manera que un incremento de la tasa de descuento de un 0,5% y una disminuci\u00f3n de la tasa de crecimiento en un 0,5% no supondr\u00eda un deterioro. No se han sensibilizado otras hip\u00f3tesis dado el car\u00e1cter regulado de la actividad. Salidas, Modifi- Varia- Modifica- Varia- Salidas, bajas, re- caci\u00f3n ciones ci\u00f3n per\u00ed- ciones bajas, re- Altas y duccio- Traspa- per\u00edme- Altas y Traspa- 31.12.2020 tipo de metro de 31.12.2021 tipo de ducciones 31.12.2022 Otros nes y sa- sos tro de Otros sos cam- consoli- cam- y sanea- neamien- consoli- bio daci\u00f3n bio mientos Miles de euros tos daci\u00f3n Coste                                        Terrenos y construcciones  115.765 122 - 221 (2.506) 477 114.079 2.005 530 3.962 (1.521) 9.286 128.341 Instalaciones t\u00e9cnicas de energ\u00eda el\u00e9ctrica  14.787.613 5.693 - 547 - 345.960 15.139.813 7.510 - - - 417.082 15.564.405 Instalaciones t\u00e9cnicas de telecomunicacio- 1.407.247 865 1.957 16.680 (4.668) 6.473 1.428.554 1.396 18.597 340 (2.318) 9.756 1.456.325 nes Otras instalaciones, maquinaria, utillaje, 267.109 1.524 - 18.573 (3.890) (306) 283.010 375 - 5.520 (5.548) 11.080 294.437 mobiliario y otro inmovilizado Anticipos e inmovilizado material en curso  926.486 1.665 933 501.565 (1.956) (352.003) 1.076.691 3.357 1.714 556.839 (4.380) (497.611) 1.136.610 Total Coste  17.504.220 9.869 2.890 537.586 (13.020) 601 18.042.147 14.643 20.841 566.661 (13.767) (50.407) 18.580.118 Amortizaci\u00f3n Acumulada                                        Amortizaci\u00f3n construcciones  (29.870) (12) - (3.473) 2.208 - (31.147) (69) - (4.224) 754 46 (34.640) Amortizaci\u00f3n Instalaciones t\u00e9cnicas de  (272.637) (447) - (104.901) 3.220 - (374.765) (175) - (114.070) 5.798 237 (482.975) telecomunicaciones Amortizaci\u00f3n Instalaciones t\u00e9cnicas de (7.240.156) (314) - (360.089) - - (7.600.559) (283) - (364.837) - - (7.965.679) energ\u00eda el\u00e9ctrica Amortizaci\u00f3n Otras instalaciones, maqui- (236.176) (18) - (13.651) 2.203 - (247.642) (35) - (14.688) 4.933 (283) (257.715) naria, utillaje, mobiliario y otro inmovilizado Total Amortizaci\u00f3n Acumulada  (7.778.839) (791) - (482.115) 7.631 - (8.254.114) (562) - (497.819) 11.485 - (8.741.010) Deterioro   Deterioro terrenos y construcciones  (1.091) - - - - - (1.091) - - - - - (1.091) Deterioro Instalaciones t\u00e9cnicas de  (106.094) (37) - (89) 2.077 - (104.143) (100) - (20) - - (104.263) telecomunicaciones Deterioro Instalaciones t\u00e9cnicas de  (95.544) - - - - - (95.544) - - - - - (95.544) energ\u00eda el\u00e9ctrica Deterioro otras instalaciones, maquinaria, (11.407) - - - - - (11.407) - - - - - (11.407) utillaje, mobiliario y otro inmovilizado Deterioros de valor  (214.136) (37) - (89) 2.077 - (212.185) (100) - (20) - - (212.305) Valor Neto  9.511.245 9.041 2.890 55.382 (3.312) 601 9.575.848 13.981 20.841 68.822 (2.282) (50.407) 9.626.803     An\u00e1lisis de deterioro del valor del inmovilizado material sujeto a amortizaci\u00f3n o depreciaci\u00f3n  El Grupo sigue el criterio de evaluar la existencia de indicios que pudieran poner de manifiesto el potencial deterioro de valor de los activos sujetos a amortizaci\u00f3n o depreciaci\u00f3n, al objeto de comprobar si el valor contable de los mencionados activos excede de su valor recuperable, entendido como el mayor entre el valor razonable, menos costes de venta y su valor en uso (ver nota 4.h).  o  Negocio satelital En 2022, en relaci\u00f3n con la UGE del negocio satelital tradicional (Legacy), el Grupo ha actualizado el c\u00e1lculo del valor recuperable de los activos deteriorados en el ejercicio 2020 al objeto de identificar potencia- les ajustes al deterioro registrado el ejercicio anterior. A tal efecto, el Grupo ha utilizado como base las pro- yecciones financieras del plan estrat\u00e9gico de Hispasat aprobado en 2022 (v\u00e9ase nota 7). Se han utilizado proyecciones de flujos para el periodo 2022-2040, horizonte temporal coherente con la vida \u00fatil de los sat\u00e9lites. Los motivos por los que se consideran fiables los flujos estimados a m\u00e1s de 5 a\u00f1os se basan en la experiencia del Grupo en inversiones con fuerte componente tecnol\u00f3gico que implican contratos y compromisos a largo plazo. En el negocio satelital se materializan compromisos contractuales con clientes a largo plazo, siendo habitual la firma de contratos a largo plazo que cubren gran parte de la vida \u00fatil de los sat\u00e9lites, con el objeto de obtener una rentabilidad m\u00ednima antes del lanzamiento de los nuevos sat\u00e9lites y que constituya una base s\u00f3lida sobre la que asentar la consecuci\u00f3n de la rentabilidad prevista del sat\u00e9lite conforme a las estimaciones realizadas para abordar el proyecto.   El Grupo ha utilizado las siguientes hip\u00f3tesis clave en el c\u00e1lculo del valor recuperable (valor razonable menos costes de venta) del negocio satelital tradicional (Legacy):     Ingresos estimados en base a la cartera de contratos existentes, tasa de renovaciones hist\u00f3ricas, expe- riencia derivada de las renegociaciones de contratos y nuevas ventas previstas en las verticales de creci- miento identificadas por estudios de mercado del sector y contenidas en el Plan Estrat\u00e9gico del Subgrupo Hispasat.    Vidas \u00fatiles: 16,5 a\u00f1os computables desde su entrada en operaci\u00f3n comercial para los sat\u00e9lites de la flota que constituyen la UGE, a excepci\u00f3n de los sat\u00e9lites Amazonas-2, H74W-1 y H55W-2 para los que se estiman unas vidas \u00fatiles entre 13 y 15 a\u00f1os. (v\u00e9ase nota 4.c).     Margen bruto: El margen bruto promedio del periodo de proyecci\u00f3n utilizado para el an\u00e1lisis fue de un 66%.      Los principales tipos de cambio considerados para los flujos en moneda extranjera se han basado en las estimaciones para los a\u00f1os futuros de las monedas monedas d\u00f3lar americano (USD), real brasile\u00f1o (BRL) y peso mexicano (MXN.   Tasa  de  descuento (WACC):  8,58% pre-tax  obtenida a partir de un  informe  elaborado por un experto independiente. Al cierre del ejercicio 2022, se ha obtenido un resultado donde el valor recuperable es similar al valor contable, concluyendo que no existe deterioro sobre los activos de la UGE del negocio tradicional Legacy.  En base al an\u00e1lisis que se realiz\u00f3 en el ejercicio 2020, el valor presente de los flujos futuros proyectados que gener\u00f3 la UGE fue inferior en 122 millones de euros al valor en libros de los activos de la UGE (769 millones de euros despu\u00e9s del deterioro), asign\u00e1ndose un deterioro al Inmovilizado intangible por importe de 6 millones de euros (ver nota 7) y de 116 millones al Inmovilizado material. La identificaci\u00f3n de los activos de la unidad generadora de efectivo del negocio tradicional (Legacy), no ha cambiado desde la anterior estimaci\u00f3n del importe recuperable de dicha UGE.  La medici\u00f3n del valor razonable del activo (UGE) se ha clasificado en su totalidad como de Nivel 3 (seg\u00fan el nivel de la jerarqu\u00eda de valor razonable de la NIIF 13), sin considerar si los costes de enajenaci\u00f3n o disposici\u00f3n son observables por otra v\u00eda. A continuaci\u00f3n, se presenta el an\u00e1lisis de sensibilidad del impacto sobre el valor recuperable (en millones de euros) ante variaciones razonablemente posibles de las hip\u00f3tesis clave:     Ingresos -4,0% 4,00%  Variaci\u00f3n Valor recuperable s/ Esc. Base -26 +26  Margen Bruto -200 p.b. +200 p.b.  Variaci\u00f3n Valor recuperable s/ Esc. Base -21 +21  Tipo cambio USD -5% 5%  Variaci\u00f3n Valor recuperable s/ Esc. Base 21 -19  Tipo cambio BRL -15% 15%  Variaci\u00f3n Valor recuperable s/ Esc. Base 4 -3  Tasa de descuento -10 p.b. +10 p.b.  Variaci\u00f3n Valor recuperable s/ Esc. Base +4 -4 En el an\u00e1lisis de sensibilidad del impacto sobre el valor recuperable ante variaciones del ingreso se ha tomado como referencia una variaci\u00f3n de los ingresos por prestaci\u00f3n de servicios del \u00b1 4%. Esta referencia se obtuvo como resultado de identificar los ingresos con m\u00e1s grado de incertidumbre en funci\u00f3n de la experiencia ad- quirida y la estimaci\u00f3n realizada con la informaci\u00f3n m\u00e1s reciente disponible en ese momento.  En el an\u00e1lisis de sensibilidad de la variaci\u00f3n de ingresos, se asumi\u00f3 que se manten\u00edan los mismos m\u00e1rgenes EBITDA contemplados en las proyecciones financieras aprobadas.  Por otro lado, se realiz\u00f3 un an\u00e1lisis de sensibilidad sobre el margen EBITDA, incorporando un aumento/dis- minuci\u00f3n de los gastos operativos que supongan una variaci\u00f3n anual de dicho margen de \u00b1 200 p.b. durante el horizonte temporal de las proyecciones. Este rango de variaci\u00f3n se consider\u00f3 razonable para cubrir poten- ciales desviaciones, al alza o a la baja, de los gastos operativos del escenario m\u00e1s probables, teniendo que en cuenta que se realiz\u00f3 una estimaci\u00f3n detallada de su estructura de costes necesarios para la ejecuci\u00f3n de los proyectos considerados en el Plan Estrat\u00e9gico.  En cuanto al an\u00e1lisis de sensibilidad por variaci\u00f3n del tipo de cambio en las proyecciones que soportan el c\u00e1lculo del valor recuperable, se consideraron las monedas que afectan a la pr\u00e1ctica totalidad del riesgo por divisa, como son el d\u00f3lar americano (USD) y el real brasile\u00f1o (BRL). Las variaciones incluidas en el an\u00e1lisis de sensibilidad fueron del \u00b1 5% para el EUR/USD y del \u00b1 15% para el EUR/BRL.   o  Negocio de transporte en Chile Por \u00faltimo, con respecto a la UGE Transporte de energ\u00eda el\u00e9ctrica en Chile, el Grupo, ante la existencia de indicadores de deterioro surgidos en el ejercicio como consecuencia de la coyuntura macroecon\u00f3mica comentada en la Nota 5, se ha realizado un test de deterioro de los activos de dicha UGE para verificar su recuperabilidad (ver nota 7). Se ha obtenido un resultado donde el valor recuperable es superior al valor contable, concluyendo que no existe deterioro sobre los activos.  10 Inversiones inmobiliarias El movimiento producido en los ejercicios 2022 y 2021 en  las Inversiones inmobiliarias pertenecientes al Grupo se describe a continuaci\u00f3n:  31 de  31 de  31 de  Miles de euros diciembre Altas   Bajas diciembre Altas   Bajas diciembre de 2020 de 2021 de 2022 Coste Inmuebles de inversi\u00f3n  2.397 - - 2.397 - (159) 2.238 Total Coste  2.397 - - 2.397 - (159) 2.238 Amortizaci\u00f3n Acumulada Inmuebles de inversi\u00f3n  (519) (21) (540) (33) 39 (534) Total Amortizaci\u00f3n  (519) (21) - (540) (33) 39 (534) Acumulada Deterioros de valor  (553) - 468 (85) - 85 - Valor Neto  1.325 (21) 468 1.772 (33) (35) 1.704 A cierre del ejercicio 2022, se ha procedido a la venta de un local comercial en Oviedo que Red El\u00e9ctrica Corporaci\u00f3n, S.A. manten\u00eda en propiedad por un importe de 41 miles de euros y que ha supuesto un beneficio en el ep\u00edgrafe Deterioro y resultado por enajenaciones del inmovilizado de la Cuenta de p\u00e9rdidas y ganancias consolidada adjunta por importe de 6 miles de euros.   A cierre del ejercicio 2022, tras realizarse el an\u00e1lisis de valor de mercado de las inversiones inmobiliarias, no se han puesto de manifiesto p\u00e9rdidas por deterioro de valor ya que el valor recuperable es mayor al valor neto contable de las inversiones. En 2021, se ha registr\u00f3 por el ep\u00edgrafe Deterioro y resultado por enajena- ciones del inmovilizado de la Cuenta de p\u00e9rdidas y ganancias consolidada adjunta una reversi\u00f3n de deterioro por importe de 468 miles de euros.  Las Inversiones inmobiliarias, en 2022, tienen un valor de mercado de aproximadamente 2,7 millones de euros (2,6 millones de euros en 2021), no generando ingresos o gastos de explotaci\u00f3n significativos. 12 Existencias  El detalle a 31 de diciembre de 2022 y 2021 del ep\u00edgrafe de Existencias del Estado de situaci\u00f3n financiera consolidado adjunto, es el siguiente:  Miles de euros 2022 2021 Existencias  74.757 63.175 Correcciones de valor  (33.436) (36.640) Total  41.321 26.535 Las Existencias recogen fundamentalmente los materiales y repuestos asociados a las instalaciones t\u00e9cnicas de energ\u00eda el\u00e9ctrica.  Las sociedades del Grupo realizan un an\u00e1lisis peri\u00f3dico para calcular las correcciones de valor asociadas a las existencias basado en las siguientes hip\u00f3tesis:     Deterioro por envejecimiento, donde se utilizan porcentajes atendiendo a la rotaci\u00f3n del stock.     Deterioro por exceso de stock, realizado sobre el consumo estimado en los pr\u00f3ximos a\u00f1os.  En 2022 como resultado de este an\u00e1lisis, el Grupo ha registrado una reversi\u00f3n de deterioro de valor en la Cuenta de resultados consolidada por importe de 3.204 miles de euros (deterioro de valor de 1.844 miles de euros en 2021). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfImpairmentOfAssetsExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-487": {
   "value": "La partida de Otro Inmovilizado Intangible recoge el derecho de tarifa regulada perpetuo surgido a ra\u00edz de la adquisici\u00f3n  de  instalaciones  de  transmisi\u00f3n  del  Sistema  de  Transmisi\u00f3n  Nacional  Chileno  incluidas  en  Redenor 2 por importe de 52.050 miles de euros (49.016 miles de euros en 2021). Esta partida no se amortiza, por ser de vida indefinida, y est\u00e1 sujeta a test de deterioro anual.   Asimismo, dicho ep\u00edgrafe incluye la cartera de clientes registrada como consecuencia de la combinaci\u00f3n de negocios tras la adquisici\u00f3n de Axess (v\u00e9ase nota 6). El importe dentro de \u201cModificaci\u00f3n de per\u00edmetro de consolidaci\u00f3n\u201d en el ejercicio 2022, en el momento de entrada en el Grupo, es de 55.835 miles de euros. El importe neto de esta cartera de clientes a 31 de diciembre de 2022 es de 52.022 miles de euros. Dicha cartera de clientes se amortiza en 10 a\u00f1os. Por \u00faltimo, dentro de \u201cModificaci\u00f3n de per\u00edmetro de consolidaci\u00f3n\u201d en 2021 se inclu\u00eda la cartera de clientes registrada como consecuencia de la combinaci\u00f3n de negocios tras la adquisici\u00f3n del negocio de gesti\u00f3n y transporte de se\u00f1ales de video en Per\u00fa (v\u00e9ase nota 6) y que al cierre del ejercicio 2022 se encuentra totalmente amortizada. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsWithIndefiniteUsefulLifeExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-13": {
   "value": "El Inmovilizado intangible en curso a 31 de diciembre de 2022 y 2021 corresponde principalmente a la adqui- sici\u00f3n y desarrollo de aplicaciones para las actividades de operaci\u00f3n del sistema y transporte, desarrolladas por el Grupo, as\u00ed como a  la construcci\u00f3n de  las instalaciones en r\u00e9gimen  de  concesi\u00f3n que la sociedad peruana Tesur 4 est\u00e1 llevando a cabo y cuya puesta en operaci\u00f3n se ha realizado durante el mes de enero de 2023.     Gastos capitalizados  Los gastos de explotaci\u00f3n directamente relacionados con el Inmovilizado intangible que se han activado du- rante el ejercicio 2022 ascienden a 12.044 miles de euros (9.559 miles de euros en el ejercicio 2021). Por otro lado, el Grupo ha registrado durante el 2022 en la Cuenta de P\u00e9rdidas y Ganancias Consolidada gastos en Innovaci\u00f3n y Desarrollo por importe de 8.820 miles de euros. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfResearchAndDevelopmentExpenseExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-488": {
   "value": "Durante el ejercicio 2022 se han activado gastos financieros como mayor valor de Inmovilizado Intangible por importe de 858 miles de euros (262 miles de euros en 2021).  Asimismo, durante el ejercicio 2022, las sociedades del Grupo han activado como mayor valor del Inmovili- zado material, gastos financieros relacionados con la construcci\u00f3n por importe de 6.872 miles de euros (7.412 miles de euros en 2021). La tasa media ponderada utilizada para la activaci\u00f3n de los gastos financieros en 2022 ha sido del 1,1% (1,1% en 2021).  Las activaciones de gastos financieros en 2022 (v\u00e9anse notas 7 y 8) han ascendido a 10.569 miles de euros (7.674 miles de euros en 2021). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingCostsExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-509": {
   "value": "8  Inmovilizado material El movimiento producido durante los ejercicios 2022 y 2021 en las diferentes cuentas del Inmovilizado mate- rial, as\u00ed como en sus correspondientes amortizaciones acumuladas y deterioros de valor ha sido el siguiente:  Salidas, Modifi- Varia- Modifica- Varia- Salidas, bajas, re- caci\u00f3n ciones ci\u00f3n per\u00ed- ciones bajas, re- Altas y duccio- Traspa- per\u00edme- Altas y Traspa- 31.12.2020 tipo de metro de 31.12.2021 tipo de ducciones 31.12.2022 Otros nes y sa- sos tro de Otros sos cam- consoli- cam- y sanea- neamien- consoli- bio daci\u00f3n bio mientos Miles de euros tos daci\u00f3n Coste                                        Terrenos y construcciones  115.765 122 - 221 (2.506) 477 114.079 2.005 530 3.962 (1.521) 9.286 128.341 Instalaciones t\u00e9cnicas de energ\u00eda el\u00e9ctrica  14.787.613 5.693 - 547 - 345.960 15.139.813 7.510 - - - 417.082 15.564.405 Instalaciones t\u00e9cnicas de telecomunicacio- 1.407.247 865 1.957 16.680 (4.668) 6.473 1.428.554 1.396 18.597 340 (2.318) 9.756 1.456.325 nes Otras instalaciones, maquinaria, utillaje, 267.109 1.524 - 18.573 (3.890) (306) 283.010 375 - 5.520 (5.548) 11.080 294.437 mobiliario y otro inmovilizado Anticipos e inmovilizado material en curso  926.486 1.665 933 501.565 (1.956) (352.003) 1.076.691 3.357 1.714 556.839 (4.380) (497.611) 1.136.610 Total Coste  17.504.220 9.869 2.890 537.586 (13.020) 601 18.042.147 14.643 20.841 566.661 (13.767) (50.407) 18.580.118 Amortizaci\u00f3n Acumulada                                        Amortizaci\u00f3n construcciones  (29.870) (12) - (3.473) 2.208 - (31.147) (69) - (4.224) 754 46 (34.640) Amortizaci\u00f3n Instalaciones t\u00e9cnicas de  (272.637) (447) - (104.901) 3.220 - (374.765) (175) - (114.070) 5.798 237 (482.975) telecomunicaciones Amortizaci\u00f3n Instalaciones t\u00e9cnicas de (7.240.156) (314) - (360.089) - - (7.600.559) (283) - (364.837) - - (7.965.679) energ\u00eda el\u00e9ctrica Amortizaci\u00f3n Otras instalaciones, maqui- (236.176) (18) - (13.651) 2.203 - (247.642) (35) - (14.688) 4.933 (283) (257.715) naria, utillaje, mobiliario y otro inmovilizado Total Amortizaci\u00f3n Acumulada  (7.778.839) (791) - (482.115) 7.631 - (8.254.114) (562) - (497.819) 11.485 - (8.741.010) Deterioro   Deterioro terrenos y construcciones  (1.091) - - - - - (1.091) - - - - - (1.091) Deterioro Instalaciones t\u00e9cnicas de  (106.094) (37) - (89) 2.077 - (104.143) (100) - (20) - - (104.263) telecomunicaciones Deterioro Instalaciones t\u00e9cnicas de  (95.544) - - - - - (95.544) - - - - - (95.544) energ\u00eda el\u00e9ctrica Deterioro otras instalaciones, maquinaria, (11.407) - - - - - (11.407) - - - - - (11.407) utillaje, mobiliario y otro inmovilizado Deterioros de valor  (214.136) (37) - (89) 2.077 - (212.185) (100) - (20) - - (212.305) Valor Neto  9.511.245 9.041 2.890 55.382 (3.312) 601 9.575.848 13.981 20.841 68.822 (2.282) (50.407) 9.626.803     Inmovilizado material bruto  Las Instalaciones t\u00e9cnicas de energ\u00eda el\u00e9ctrica se corresponden con activos sujetos a retribuci\u00f3n regulada (v\u00e9ase nota 3). Las principales altas de las Instalaciones t\u00e9cnicas de energ\u00eda el\u00e9ctrica en los a\u00f1os 2022 y 2021 se han realizado en instalaciones de la red de transporte en Espa\u00f1a.   Las Instalaciones t\u00e9cnicas de telecomunicaciones corresponden principalmente tanto a las inversiones aso- ciadas a la flota de sat\u00e9lites del Grupo, como a los derechos sobre bienes en cesi\u00f3n de uso para la gesti\u00f3n de la explotaci\u00f3n de cables de fibra \u00f3ptica y dem\u00e1s elementos asociados, derivados del acuerdo de cesi\u00f3n de fibra \u00f3ptica suscrito por Reintel en 2014 con ADIF-AV por un periodo de 20 a\u00f1os. Dentro de \u2018Modificaci\u00f3n per\u00edmetro de consolidaci\u00f3n\u2019 se recoge en 2022 los activos procedentes de Axess (ver nota 6). En 2021 se incorporaron dentro de \u2018Modificaci\u00f3n per\u00edmetro de consolidaci\u00f3n\u2019 las instalaciones incorporadas en la combi- naci\u00f3n de negocios tras la adquisici\u00f3n negocio transmisi\u00f3n de televisi\u00f3n satelital en Per\u00fa (ver nota 6).   Dentro del Inmovilizado material se incluyen activos por derechos de uso por importe de 26.462 miles de euros a 31 de diciembre de 2022 (27.379 miles de euros a 31 de diciembre de 2021), los cuales se incluyen en los distintos ep\u00edgrafes del inmovilizado material en base a su naturaleza (Terrenos y construcciones, Ins- talaciones t\u00e9cnicas de telecomunicaciones y Otras instalaciones, maquinaria, utillaje, mobiliarios y otro inmo- vilizado) tal y como se se\u00f1ala en la nota 9 de la presente memoria.  Dentro de Traspasos en el ejercicio 2022 se ha incluido el traspaso 50.407 miles de euros a activos financie- ros  no  corrientes  correspondientes  al  activo  concesional  surgido  tras  la  aprobaci\u00f3n  de  la  Orden TED/1243/2022, de 2 de diciembre por la que se aprueba la metodolog\u00eda de c\u00e1lculo de la retribuci\u00f3n de la instalaci\u00f3n hidr\u00e1ulica reversible del Salto de Chira en Gran Canaria (ver nota 3).     Gastos capitalizados  Los gastos de explotaci\u00f3n directamente relacionados con las construcciones en curso del Inmovilizado ma- terial activados durante el ejercicio 2022 ascienden a 50.859 miles de euros (46.178 miles de euros en 2021). El Grupo incluye dentro de la activaci\u00f3n de gastos directamente relacionados con la construcci\u00f3n de instala- ciones, la totalidad de los gastos de explotaci\u00f3n en que incurre para dar soporte a las unidades directamente relacionadas con la actividad.   Asimismo, durante el ejercicio 2022, las sociedades del Grupo han activado como mayor valor del Inmovili- zado material, gastos financieros relacionados con la construcci\u00f3n por importe de 6.872 miles de euros (7.412 miles de euros en 2021). La tasa media ponderada utilizada para la activaci\u00f3n de los gastos financieros en 2022 ha sido del 1,1% (1,1% en 2021).     Bienes totalmente amortizados  A 31 de diciembre de 2022, el Grupo tiene elementos del Inmovilizado material totalmente amortizados por un importe de 3.089.386 miles de euros (2.737.381 miles de euros en 2021), de los cuales 2.629.963 miles de euros (2.535.627 miles de euros en 2021) corresponden a Instalaciones t\u00e9cnicas de energ\u00eda el\u00e9ctrica.   Las salidas, bajas, reducciones y saneamientos a 31 de diciembre de 2022 y 2021 corresponden fundamen- talmente a la baja de activos totalmente amortizados.      Inversiones en inmovilizado material situadas fuera del territorio espa\u00f1ol  El valor neto contable del Inmovilizado material situado fuera del territorio espa\u00f1ol asciende a 31 de diciembre de 2022 a 252.182 miles de euros (190.390 miles de euros en el ejercicio 2021).     Compromisos de inversi\u00f3n  El Grupo realiza peri\u00f3dicamente pedidos para ir cubriendo las necesidades con el objeto de ejecutar sus planes de inversiones. Las diferentes cantidades que contienen los mencionados pedidos se materializar\u00e1n normalmente en \u00f3rdenes de entrega a medida que se vayan activando los diferentes proyectos contenidos en los planes, por tanto, no constituyen en el momento de su emisi\u00f3n compromisos firmes de adquisici\u00f3n.  El Grupo no posee compromisos definitivos de compra de Inmovilizado Material por importes significativos, en relaci\u00f3n con su volumen de Inmovilizado Material, y a las inversiones que realiza y tiene previsto realizar.    Subvenciones El detalle de Subvenciones de capital y de Otros cobros anticipados no corrientes, correspondientes al Inmo- vilizado material se encuentran detallados en la nota 15 de esta Memoria.   Seguros  El Grupo tiene contratadas varias p\u00f3lizas de seguro para cubrir los riesgos a que est\u00e1n sujetos los elementos del Inmovilizado material. El dise\u00f1o y contrataci\u00f3n de las p\u00f3lizas es el adecuado para los riesgos a los que dan cobertura.     An\u00e1lisis de deterioro del valor del inmovilizado material sujeto a amortizaci\u00f3n o depreciaci\u00f3n  El Grupo sigue el criterio de evaluar la existencia de indicios que pudieran poner de manifiesto el potencial deterioro de valor de los activos sujetos a amortizaci\u00f3n o depreciaci\u00f3n, al objeto de comprobar si el valor contable de los mencionados activos excede de su valor recuperable, entendido como el mayor entre el valor razonable, menos costes de venta y su valor en uso (ver nota 4.h).  o  Negocio satelital En 2022, en relaci\u00f3n con la UGE del negocio satelital tradicional (Legacy), el Grupo ha actualizado el c\u00e1lculo del valor recuperable de los activos deteriorados en el ejercicio 2020 al objeto de identificar potencia- les ajustes al deterioro registrado el ejercicio anterior. A tal efecto, el Grupo ha utilizado como base las pro- yecciones financieras del plan estrat\u00e9gico de Hispasat aprobado en 2022 (v\u00e9ase nota 7). Se han utilizado proyecciones de flujos para el periodo 2022-2040, horizonte temporal coherente con la vida \u00fatil de los sat\u00e9lites. Los motivos por los que se consideran fiables los flujos estimados a m\u00e1s de 5 a\u00f1os se basan en la experiencia del Grupo en inversiones con fuerte componente tecnol\u00f3gico que implican contratos y compromisos a largo plazo. En el negocio satelital se materializan compromisos contractuales con clientes a largo plazo, siendo habitual la firma de contratos a largo plazo que cubren gran parte de la vida \u00fatil de los sat\u00e9lites, con el objeto de obtener una rentabilidad m\u00ednima antes del lanzamiento de los nuevos sat\u00e9lites y que constituya una base s\u00f3lida sobre la que asentar la consecuci\u00f3n de la rentabilidad prevista del sat\u00e9lite conforme a las estimaciones realizadas para abordar el proyecto.   El Grupo ha utilizado las siguientes hip\u00f3tesis clave en el c\u00e1lculo del valor recuperable (valor razonable menos costes de venta) del negocio satelital tradicional (Legacy):     Ingresos estimados en base a la cartera de contratos existentes, tasa de renovaciones hist\u00f3ricas, expe- riencia derivada de las renegociaciones de contratos y nuevas ventas previstas en las verticales de creci- miento identificadas por estudios de mercado del sector y contenidas en el Plan Estrat\u00e9gico del Subgrupo Hispasat.    Vidas \u00fatiles: 16,5 a\u00f1os computables desde su entrada en operaci\u00f3n comercial para los sat\u00e9lites de la flota que constituyen la UGE, a excepci\u00f3n de los sat\u00e9lites Amazonas-2, H74W-1 y H55W-2 para los que se estiman unas vidas \u00fatiles entre 13 y 15 a\u00f1os. (v\u00e9ase nota 4.c).     Margen bruto: El margen bruto promedio del periodo de proyecci\u00f3n utilizado para el an\u00e1lisis fue de un 66%.      Los principales tipos de cambio considerados para los flujos en moneda extranjera se han basado en las estimaciones para los a\u00f1os futuros de las monedas monedas d\u00f3lar americano (USD), real brasile\u00f1o (BRL) y peso mexicano (MXN.   Tasa  de  descuento (WACC):  8,58% pre-tax  obtenida a partir de un  informe  elaborado por un experto independiente. Al cierre del ejercicio 2022, se ha obtenido un resultado donde el valor recuperable es similar al valor contable, concluyendo que no existe deterioro sobre los activos de la UGE del negocio tradicional Legacy.  En base al an\u00e1lisis que se realiz\u00f3 en el ejercicio 2020, el valor presente de los flujos futuros proyectados que gener\u00f3 la UGE fue inferior en 122 millones de euros al valor en libros de los activos de la UGE (769 millones de euros despu\u00e9s del deterioro), asign\u00e1ndose un deterioro al Inmovilizado intangible por importe de 6 millones de euros (ver nota 7) y de 116 millones al Inmovilizado material.   La identificaci\u00f3n de los activos de la unidad generadora de efectivo del negocio tradicional (Legacy), no ha cambiado desde la anterior estimaci\u00f3n del importe recuperable de dicha UGE.  La medici\u00f3n del valor razonable del activo (UGE) se ha clasificado en su totalidad como de Nivel 3 (seg\u00fan el nivel de la jerarqu\u00eda de valor razonable de la NIIF 13), sin considerar si los costes de enajenaci\u00f3n o disposici\u00f3n son observables por otra v\u00eda.   A continuaci\u00f3n, se presenta el an\u00e1lisis de sensibilidad del impacto sobre el valor recuperable (en millones de euros) ante variaciones razonablemente posibles de las hip\u00f3tesis clave:     Ingresos -4,0% 4,00%  Variaci\u00f3n Valor recuperable s/ Esc. Base -26 +26  Margen Bruto -200 p.b. +200 p.b.  Variaci\u00f3n Valor recuperable s/ Esc. Base -21 +21  Tipo cambio USD -5% 5%  Variaci\u00f3n Valor recuperable s/ Esc. Base 21 -19  Tipo cambio BRL -15% 15%  Variaci\u00f3n Valor recuperable s/ Esc. Base 4 -3  Tasa de descuento -10 p.b. +10 p.b.  Variaci\u00f3n Valor recuperable s/ Esc. Base +4 -4 En el an\u00e1lisis de sensibilidad del impacto sobre el valor recuperable ante variaciones del ingreso se ha tomado como referencia una variaci\u00f3n de los ingresos por prestaci\u00f3n de servicios del \u00b1 4%. Esta referencia se obtuvo como resultado de identificar los ingresos con m\u00e1s grado de incertidumbre en funci\u00f3n de la experiencia ad- quirida y la estimaci\u00f3n realizada con la informaci\u00f3n m\u00e1s reciente disponible en ese momento.  En el an\u00e1lisis de sensibilidad de la variaci\u00f3n de ingresos, se asumi\u00f3 que se manten\u00edan los mismos m\u00e1rgenes EBITDA contemplados en las proyecciones financieras aprobadas.  Por otro lado, se realiz\u00f3 un an\u00e1lisis de sensibilidad sobre el margen EBITDA, incorporando un aumento/dis- minuci\u00f3n de los gastos operativos que supongan una variaci\u00f3n anual de dicho margen de \u00b1 200 p.b. durante el horizonte temporal de las proyecciones. Este rango de variaci\u00f3n se consider\u00f3 razonable para cubrir poten- ciales desviaciones, al alza o a la baja, de los gastos operativos del escenario m\u00e1s probables, teniendo que en cuenta que se realiz\u00f3 una estimaci\u00f3n detallada de su estructura de costes necesarios para la ejecuci\u00f3n de los proyectos considerados en el Plan Estrat\u00e9gico.  En cuanto al an\u00e1lisis de sensibilidad por variaci\u00f3n del tipo de cambio en las proyecciones que soportan el c\u00e1lculo del valor recuperable, se consideraron las monedas que afectan a la pr\u00e1ctica totalidad del riesgo por divisa, como son el d\u00f3lar americano (USD) y el real brasile\u00f1o (BRL). Las variaciones incluidas en el an\u00e1lisis de sensibilidad fueron del \u00b1 5% para el EUR/USD y del \u00b1 15% para el EUR/BRL.   o  Negocio de transporte en Chile Por \u00faltimo, con respecto a la UGE Transporte de energ\u00eda el\u00e9ctrica en Chile, el Grupo, ante la existencia de indicadores de deterioro surgidos en el ejercicio como consecuencia de la coyuntura macroecon\u00f3mica comentada en la Nota 5, se ha realizado un test de deterioro de los activos de dicha UGE para verificar su recuperabilidad (ver nota 7). Se ha obtenido un resultado donde el valor recuperable es superior al valor contable, concluyendo que no existe deterioro sobre los activos.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-560": {
   "value": "Dentro del Inmovilizado material se incluyen activos por derechos de uso por importe de 26.462 miles de euros a 31 de diciembre de 2022 (27.379 miles de euros a 31 de diciembre de 2021), los cuales se incluyen en los distintos ep\u00edgrafes del inmovilizado material en base a su naturaleza (Terrenos y construcciones, Ins- talaciones t\u00e9cnicas de telecomunicaciones y Otras instalaciones, maquinaria, utillaje, mobiliarios y otro inmo- vilizado) tal y como se se\u00f1ala en la nota 9 de la presente memoria.  Adicionalmente, existen activos por derechos de uso en el Inmovilizado Material y Pasivos por arrendamiento dentro de Otros pasivos financieros. Los principales activos del Grupo a los que resulta de aplicaci\u00f3n la NIIF 16 Arrendamientos, son las siguientes:  o  Elementos de transporte: Principalmente veh\u00edculos en modalidad de renting.  o  Construcciones: Oficinas, locales y terrenos necesarias para el desarrollo de la actividad del Grupo.  o   Instalaciones t\u00e9cnicas de telecomunicaciones. Corresponden al arrendamiento de capacidad satelital.     Activos por derechos de usoEl detalle y movimiento de los activos por derechos de uso durante los ejercicios 2022 y 2021 ha sido el siguiente:  Miles de euros 2022  2021 Total inicio del ejercicio  27.379 15.053 Entrada en el per\u00edmetro de consolidaci\u00f3n  1.716 - Altas del ejercicio  10.193 18.920 Bajas del ejercicio  (750) (1.478) Amortizaci\u00f3n del ejercicio  (12.250) (5.180) Diferencia de Conversi\u00f3n  174 64 Total al cierre del ejercicio  26.462 27.379 Dentro de Entrada en el per\u00edmetro de consolidaci\u00f3n se incluye la entrada de los activos que posee la sociedad Axess (ver nota 6). Las altas del ejercicio 2022 se corresponden principalmente con el arrendamiento de oficinas y un emplazamiento, destinados a la gesti\u00f3n y transporte de se\u00f1ales de video, en Per\u00fa, as\u00ed como el arrendamiento de elementos de transporte. En 2021 se inclu\u00eda principalmente adem\u00e1s del alta del arrenda- miento de elementos de transporte, el alta del arrendamiento de capacidad de un sat\u00e9lite HTS en banda Ka Konnect por un importe de 12.743 miles de euros.  ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-510": {
   "value": "9  Activos por Derechos de Uso y Pasivos por Arrendamiento A 31 de diciembre de 2022 los contratos de arrendamiento financiero m\u00e1s significativos formalizados por el Grupo son los siguientes:      Las instalaciones t\u00e9cnicas de telecomunicaciones sobre las que la Sociedad Reintel tiene un acuerdo de cesi\u00f3n de uso con ADIF-AV para la gesti\u00f3n de la explotaci\u00f3n de la red de cables de fibra \u00f3ptica y dem\u00e1s elementos asociados. Este acuerdo se suscribi\u00f3 en 2014 por un periodo de 20 a\u00f1os. A 31 de diciembre el valor neto reflejado en el estado de situaci\u00f3n financiera consolidado asciende a 282 millones de euros (303 millones de euros en 2021).    Un sat\u00e9lite registrado como un inmovilizado material dentro de instalaciones t\u00e9cnicas de telecomunicacio- nes, el cual est\u00e1 arrendado al operador satelital Intelsat, por importe de 28 millones euros (31 millones de euros en 2021) hasta 2030.  En ambos casos el importe fue totalmente desembolsado de forma anticipada por lo que dicho inmovilizado no recoge pagos m\u00ednimos futuros por arrendamiento.  Adicionalmente, existen activos por derechos de uso en el Inmovilizado Material y Pasivos por arrendamiento dentro de Otros pasivos financieros. Los principales activos del Grupo a los que resulta de aplicaci\u00f3n la NIIF 16 Arrendamientos, son las siguientes:  o  Elementos de transporte: Principalmente veh\u00edculos en modalidad de renting.  o  Construcciones: Oficinas, locales y terrenos necesarias para el desarrollo de la actividad del Grupo.  o   Instalaciones t\u00e9cnicas de telecomunicaciones. Corresponden al arrendamiento de capacidad satelital.     Activos por derechos de uso  El detalle y movimiento de los activos por derechos de uso durante los ejercicios 2022 y 2021 ha sido el siguiente:  Miles de euros 2022  2021 Total inicio del ejercicio  27.379 15.053 Entrada en el per\u00edmetro de consolidaci\u00f3n  1.716 - Altas del ejercicio  10.193 18.920 Bajas del ejercicio  (750) (1.478) Amortizaci\u00f3n del ejercicio  (12.250) (5.180) Diferencia de Conversi\u00f3n  174 64 Total al cierre del ejercicio  26.462 27.379 Dentro de Entrada en el per\u00edmetro de consolidaci\u00f3n se incluye la entrada de los activos que posee la sociedad Axess (ver nota 6). Las altas del ejercicio 2022 se corresponden principalmente con el arrendamiento de oficinas y un emplazamiento, destinados a la gesti\u00f3n y transporte de se\u00f1ales de video, en Per\u00fa, as\u00ed como el arrendamiento de elementos de transporte. En 2021 se inclu\u00eda principalmente adem\u00e1s del alta del arrenda- miento de elementos de transporte, el alta del arrendamiento de capacidad de un sat\u00e9lite HTS en banda Ka Konnect por un importe de 12.743 miles de euros.     Importes reconocidos en resultados  El detalle de los importes registrados en la cuenta de resultados consolidada correspondiente a los ejercicios 2022 y 2021, relativo a la aplicaci\u00f3n de la NIIF 16, es el siguiente: Miles de euros 2022  2021 Intereses sobre pasivos por arrendamiento  672 277 Gastos por amortizaci\u00f3n  12.250 5.180 Total   12.921 5.457Se han reconocido como gastos de explotaci\u00f3n 16.469 miles de euros (4.554 miles de euros en 2021) por arrendamientos que se encuentran fuera del alcance de la NIIF 16.     Importes reconocidos en el Estado de flujos de efectivo  A continuaci\u00f3n, se detalla el importe de los pagos realizados en 2022 y 2021 relativos a arrendamientos:  Miles de euros 2022  2021 Pagos por arrendamiento  11.134 6.556 Pagos por intereses asociados a arrendamientos  672 277 Total  11.806 6.833     Pagos m\u00ednimos futuros por arrendamiento  Los pagos m\u00ednimos futuros comprometidos por arrendamiento se encuentran detallados en la nota 19 de la presente memoria.  ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLeasesExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-561": {
   "value": "   Importes reconocidos en resultados  El detalle de los importes registrados en la cuenta de resultados consolidada correspondiente a los ejercicios 2022 y 2021, relativo a la aplicaci\u00f3n de la NIIF 16, es el siguiente: Miles de euros 2022  2021 Intereses sobre pasivos por arrendamiento  672 277 Gastos por amortizaci\u00f3n  12.250 5.180 Total   12.921 5.457 Se han reconocido como gastos de explotaci\u00f3n 16.469 miles de euros (4.554 miles de euros en 2021) por arrendamientos que se encuentran fuera del alcance de la NIIF 16.     Importes reconocidos en el Estado de flujos de efectivo  A continuaci\u00f3n, se detalla el importe de los pagos realizados en 2022 y 2021 relativos a arrendamientos: Miles de euros 2022  2021 Pagos por arrendamiento  11.134 6.556 Pagos por intereses asociados a arrendamientos  672 277 Total  11.806 6.833 Pagos m\u00ednimos futuros por arrendamiento  Los pagos m\u00ednimos futuros comprometidos por arrendamiento se encuentran detallados en la nota 19 de la presente memoria.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestExpenseExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-511": {
   "value": "10 Inversiones inmobiliarias El movimiento producido en los ejercicios 2022 y 2021 en  las Inversiones inmobiliarias pertenecientes al Grupo se describe a continuaci\u00f3n:  31 de  31 de  31 de  Miles de euros diciembre Altas   Bajas diciembre Altas   Bajas diciembre de 2020 de 2021 de 2022 Coste Inmuebles de inversi\u00f3n  2.397 - - 2.397 - (159) 2.238 Total Coste  2.397 - - 2.397 - (159) 2.238 Amortizaci\u00f3n Acumulada Inmuebles de inversi\u00f3n  (519) (21) (540) (33) 39 (534) Total Amortizaci\u00f3n  (519) (21) - (540) (33) 39 (534) Acumulada Deterioros de valor  (553) - 468 (85) - 85 - Valor Neto  1.325 (21) 468 1.772 (33) (35) 1.704 A cierre del ejercicio 2022, se ha procedido a la venta de un local comercial en Oviedo que Red El\u00e9ctrica Corporaci\u00f3n, S.A. manten\u00eda en propiedad por un importe de 41 miles de euros y que ha supuesto un beneficio en el ep\u00edgrafe Deterioro y resultado por enajenaciones del inmovilizado de la Cuenta de p\u00e9rdidas y ganancias consolidada adjunta por importe de 6 miles de euros.   A cierre del ejercicio 2022, tras realizarse el an\u00e1lisis de valor de mercado de las inversiones inmobiliarias, no se han puesto de manifiesto p\u00e9rdidas por deterioro de valor ya que el valor recuperable es mayor al valor neto contable de las inversiones. En 2021, se ha registr\u00f3 por el ep\u00edgrafe Deterioro y resultado por enajena- ciones del inmovilizado de la Cuenta de p\u00e9rdidas y ganancias consolidada adjunta una reversi\u00f3n de deterioro por importe de 468 miles de euros.  Las Inversiones inmobiliarias, en 2022, tienen un valor de mercado de aproximadamente 2,7 millones de euros (2,6 millones de euros en 2021), no generando ingresos o gastos de explotaci\u00f3n significativos. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentPropertyExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-638": {
   "value": "10 Inversiones inmobiliarias El movimiento producido en los ejercicios 2022 y 2021 en  las Inversiones inmobiliarias pertenecientes al Grupo se describe a continuaci\u00f3n:  31 de  31 de  31 de  Miles de euros diciembre Altas   Bajas diciembre Altas   Bajas diciembre de 2020 de 2021 de 2022 Coste Inmuebles de inversi\u00f3n  2.397 - - 2.397 - (159) 2.238 Total Coste  2.397 - - 2.397 - (159) 2.238 Amortizaci\u00f3n Acumulada Inmuebles de inversi\u00f3n  (519) (21) (540) (33) 39 (534) Total Amortizaci\u00f3n  (519) (21) - (540) (33) 39 (534) Acumulada Deterioros de valor  (553) - 468 (85) - 85 - Valor Neto  1.325 (21) 468 1.772 (33) (35) 1.704 A cierre del ejercicio 2022, se ha procedido a la venta de un local comercial en Oviedo que Red El\u00e9ctrica Corporaci\u00f3n, S.A. manten\u00eda en propiedad por un importe de 41 miles de euros y que ha supuesto un beneficio en el ep\u00edgrafe Deterioro y resultado por enajenaciones del inmovilizado de la Cuenta de p\u00e9rdidas y ganancias consolidada adjunta por importe de 6 miles de euros.   A cierre del ejercicio 2022, tras realizarse el an\u00e1lisis de valor de mercado de las inversiones inmobiliarias, no se han puesto de manifiesto p\u00e9rdidas por deterioro de valor ya que el valor recuperable es mayor al valor neto contable de las inversiones. En 2021, se ha registr\u00f3 por el ep\u00edgrafe Deterioro y resultado por enajena- ciones del inmovilizado de la Cuenta de p\u00e9rdidas y ganancias consolidada adjunta una reversi\u00f3n de deterioro por importe de 468 miles de euros.  Las Inversiones inmobiliarias, en 2022, tienen un valor de mercado de aproximadamente 2,7 millones de euros (2,6 millones de euros en 2021), no generando ingresos o gastos de explotaci\u00f3n significativos. 13 Deudores comerciales y otras cuentas a cobrar El detalle a 31 de diciembre de 2022 y 2021 del ep\u00edgrafe Deudores comerciales y otras cuentas a cobrar del Estado de situaci\u00f3n financiera consolidado adjunto es el siguiente:  Miles de euros 2022 2021 Clientes por ventas y prestaciones de servicios  75.081 59.709 Otros deudores  1.101.079 1.193.686 Activos por impuestos corrientes (nota 22)  182.497 7.561 Total  1.358.657 1.260.956 Clientes por ventas y prestaciones de servicios recoge principalmente los saldos pendientes de cobro por el arrendamiento y prestaci\u00f3n de servicios de capacidad satelital. Asimismo, se recogen activos por contrato con clientes por importe de 3.362 miles de euros a 31 de diciembre de 2022 (4.904 miles de euros a 31 de diciembre de 2021).   Otros deudores recogen fundamentalmente los ingresos pendientes de facturaci\u00f3n y/o cobros derivados de las actividades reguladas de transporte y operaci\u00f3n del sistema. Conforme al sistema de liquidaci\u00f3n estable- cido por el Regulador en Espa\u00f1a parte de los cobros se liquidan y cobran en el a\u00f1o siguiente. Asimismo, estos importes recogen adicionalmente los ingresos pendientes de cobro derivados de la aplicaci\u00f3n de la metodolog\u00eda recogida en el modelo retributivo en vigor para la actividad de transporte en Espa\u00f1a, que esta- blece que las puestas en servicio del a\u00f1o \u201cn\u201d comiencen a percibir ingresos a partir del a\u00f1o \u201cn+2\u201d y cuyo importe asciende a 629 millones de euros a 31 de diciembre de 2022.  Activos por impuestos corrientes recoge principalmente el saldo pendiente de cobro por parte de la Adminis- traci\u00f3n Tributaria espa\u00f1ola en relaci\u00f3n con el pago a cuenta del Impuesto sobre Sociedades del ejercicio 2022. Las estimaciones a valor razonable se han realizado reflejando las hip\u00f3tesis de los participantes del mercado en base a la informaci\u00f3n disponible y las condiciones del mercado a la fecha de estimaci\u00f3n, que incorporan en su caso las primas de riesgo asociadas a la coyuntura macroecon\u00f3mica actual. No existe diferencia sig- nificativa entre el valor razonable y el valor neto contable de este ep\u00edgrafe a 31 de diciembre de 2022 y 2021.  No exist\u00edan a 31 de diciembre de 2022 y  2021 importes vencidos significativos superiores a doce meses (v\u00e9ase nota 19).   Durante el ejercicio 2022 se ha registrado una reversi\u00f3n del gasto por deterioro por importe de 2.758 miles de euros (dotaci\u00f3n de deterioro de 634 miles de euros en el ejercicio 2021). El deterioro de deudores comer- ciales y otras cuentas a cobrar en base a la p\u00e9rdida esperada acumulado a 31 de diciembre de 2022 es de 2.924 miles de euros (1.947 miles de euros en 2021). a)  Activos financieros  El detalle del ep\u00edgrafe Activos financieros, tanto corrientes como no corrientes del Grupo a 31 de diciembre de 2022 y 2021 es como sigue: 31/12/2022 A valor  A valor  razonable con razonable con A coste  Derivados de cambios en Total cambios en  amortizado cobertura Otro resultado resultados global Miles de euros Instrumentos de patrimonio  84.534 8.742 - - 93.276 Derivados  - - - 110.616 110.616 Otros activos financieros  - 6.603 175.714 - 182.317 Largo plazo/ no corrientes  84.066 15.813 175.714 110.616 386.209 Otros activos financieros  - - 752.505 - 752.505 Derivados  - - - - - Corto plazo/ corrientes  - - 752.505 - 752.505 Total   84.066 15.813 928.219 110.616 1.138.714 31/12/2021 A valor  razonable con A valor  cambios en razonable con A coste  Derivados de Total Otro  cambios en  amortizado cobertura resultado  resultados global Miles de euros Instrumentos de patrimonio  85.368 4.329 - - 89.697 Derivados  - - - 23.592 23.592 Otros activos financieros  - 1.050 23.942 - 24.992 Largo plazo/ no corrientes  85.368 5.379 23.942 23.592 138.281 Otros activos financieros  - - 25.401 - 25.401 Derivados  - - - 91 91 Corto plazo/ corrientes  - - 25.401 91 25.492 Total   85.368 5.379 49.343 23.683 163.773    Instrumentos de patrimonio  La partida Instrumentos de patrimonio corresponde fundamentalmente a la participaci\u00f3n del 5% que tiene el Grupo en REN, sociedad holding que engloba la operaci\u00f3n y la explotaci\u00f3n de los activos de transporte de electricidad y de diversas infraestructuras de gas de Portugal. Esta participaci\u00f3n fue adquirida en 2007 y el precio de la transacci\u00f3n ascendi\u00f3 a 98.822 miles de euros. En 2017 el Grupo acudi\u00f3 a la ampliaci\u00f3n de capital realizada por REN suscribiendo 6.659.563 nuevas acciones por importe de 12.500 miles de euros permiti\u00e9n- dole mantener el 5% de la sociedad.   REN tiene a 31 de diciembre de 2021 un Patrimonio Neto consolidado de 1.409.830 miles de euros y un resultado del ejercicio despu\u00e9s de impuestos de 97.153 miles de euros.  Estos instrumentos han sido clasificados como activos financieros medidos a valor razonable con cambios en \u201cOtro resultado global\u201d (v\u00e9ase nota 2 b). La valoraci\u00f3n de esta participaci\u00f3n est\u00e1 sujeta a la cotizaci\u00f3n de la acci\u00f3n (nivel 1). Durante el ejercicio 2022 se ha producido un decremento en el valor razonable de este instrumento de patrimonio que se ha registrado directamente contra el Patrimonio neto.  A 31 de diciembre de 2022 el Grupo ha cuantificado el descenso en el valor de la participaci\u00f3n en 834 miles de euros (aumento de 6.005 miles de euros en 2021).  Asimismo, tanto en 2022 como en 2021 se recogen tambi\u00e9n las inversiones que la sociedad Red El\u00e9ctrica de Telecomunicaciones, Innovaci\u00f3n y Tecnolog\u00eda, S.A.U. (Elewit) realiza en diferentes entidades de car\u00e1cter innovador.  Durante el ejercicio 2022 se ha producido un aumento de la inversi\u00f3n en las sociedades Adara Ventures III, S.C.A. y Cardumen Fund I por importe de 1.455 miles de euros. Asimismo, se ha registrado el alta de la sociedad, consolidada  durante el ejercicio  2021 por  el m\u00e9todo de la participaci\u00f3n (ver nota 2.g), Zeleros Global, S.L. tras la perdida de la influencia significativa y un aumento del valor razonable, con impacto positivo en resultados por importe de 1.343 miles de euros, del valor razonable de estos Instrumentos de Patrimonio.      Derivados   El detalle de los instrumentos financieros derivados figura en la nota 20.     Otros activos financieros  Dentro de Otros activos financieros a coste amortizado se incluye, en 2022, el activo financiero surgido tras la aplicaci\u00f3n de la CINIIF 12 por el saldo pendiente de facturaci\u00f3n y  cobro a largo plazo por parte de la administraci\u00f3n concedente en relaci\u00f3n al proyecto de la Central Hidr\u00e1ulica Reversible de 200 MW de Salto de Chira en Gran Canaria, por importe de 114.632 miles de euros. Este proyecto, tras la publicaci\u00f3n de la Orden en la que se apruebe la metodolog\u00eda del c\u00e1lculo de la retribuci\u00f3n (v\u00e9ase nota 3), se ha clasificado como una concesi\u00f3n, aplic\u00e1ndose el modelo financiero. Para ello se ha traspasado el importe acumulado en el inmovilizado en curso por los trabajos realizados hasta ese momento (v\u00e9ase nota 7) por importe de 50.407 miles de euros y se ha registrado el importe a cobrar devengado en el ejercicio, tanto derivado de la cons- trucci\u00f3n como de la actualizaci\u00f3n financiera de la cuenta a cobrar, por un importe total de 64.225 miles de euros (v\u00e9ase nota 24.b). Dentro de otros activos financieros a coste amortizado tambi\u00e9n se recoge principalmente la l\u00ednea de cr\u00e9dito concedida por la Sociedad del Grupo Reintel a la participaci\u00f3n no dominante, Rudolph Bidco, S.\u00e0.r.l. El im- porte de la p\u00f3liza es de 72.500 miles de euros, de los cuales se han dispuesto 23.422 miles de euros. Asi- mismo, se incluye el cr\u00e9dito a la sociedad, consolidada por el m\u00e9todo de la participaci\u00f3n, TEN por importe de 13.913 miles de euros (12.338 miles de euros a 31 de diciembre de 2021). Ambos cr\u00e9ditos devengan intere- ses, a EURIBOR m\u00e1s un diferencial de 471 puntos b\u00e1sicos en el primer caso y LIBOR m\u00e1s un diferencial de 270 puntos b\u00e1sicos en el segundo caso. Del mismo modo, tambi\u00e9n se incluyen fianzas constituidas y cr\u00e9ditos concedidos por Redeia a su personal con vencimiento a largo plazo. No existe diferencia significativa entre el valor razonable y el valor neto contable de este ep\u00edgrafe a 31 de diciembre de 2022 y 2021.   Asimismo, tambi\u00e9n se recoge dentro de otros activos financieros a valor razonable con cambios en resultados 6.603 miles de euros (1.050 miles de euros en 2021) correspondientes a la inversi\u00f3n en Agrupaciones de Inter\u00e9s Econ\u00f3mico (AIE), cuya actividad es el arrendamiento de activos dirigidos por otra entidad no vinculada a Redeia, que es la que retiene tanto la mayor\u00eda de los beneficios como los riesgos de la actividad, acogi\u00e9n- dose el Grupo \u00fanicamente a los incentivos fiscales regulados en la legislaci\u00f3n espa\u00f1ola. El Grupo imputa las bases imponibles negativas que van generando estas AIE contra las participaciones y por diferencia con la deuda registrada con la Hacienda P\u00fablica acreedora, el correspondiente ingreso financiero (ver nota 24 e).    Niveles de Jerarqu\u00eda de valor razonable  La siguiente tabla presenta los Activos financieros del Grupo valorados a valor razonable seg\u00fan las variables utilizadas para el c\u00e1lculo del valor razonable a 31 de diciembre de 2022 y 2021:  31/12/2022 Miles de euros Nivel 1 Nivel 2 Nivel 3 Saldo total Instrumentos de patrimonio 84.066 - 9.210 93.276 Derivados - 110.616 - 110.616 Otros activos financieros - 6.603 6.603 31/12/2021 Miles de euros Nivel 1 Nivel 2 Nivel 3 Saldo total Instrumentos de patrimonio 84.900 - 4.797 89.697 Derivados - 23.683 - 23.683 Otros activos financieros - 1.050 1.050 Los Instrumentos de patrimonio clasificados en el Nivel 1 corresponden al 5% que el Grupo posee en la sociedad cotizada REN. En el Nivel 3 se encuentran principalmente las inversiones realizadas por Elewit en fondos de inversi\u00f3n y sociedades de car\u00e1cter innovador. Los Otros activos financieros clasificados en el Nivel 2 corresponden a las inversiones en Agrupaciones de Inter\u00e9s Econ\u00f3mico (AIE). 20 Instrumentos financieros derivados El Grupo, de acuerdo con su Pol\u00edtica de Gesti\u00f3n del riesgo financiero, tiene contratados instrumentos finan- cieros derivados de cuatro tipos: Swaps de cobertura de tipo de inter\u00e9s, Swaps de precobertura de tipo de inter\u00e9s, Cross Currency Swaps y Forward de divisa. El primero de ellos, el Swap de cobertura de tipo de inter\u00e9s, consiste en que mediante una permuta financiera se transforma deuda a tipo de inter\u00e9s variable por deuda a tipo de inter\u00e9s fijo, donde los flujos de efectivo futuros a cubrir son los pagos por intereses. Los Swaps de precobertura de tipo de inter\u00e9s cubren el coste financiero de transacciones futuras previstas, alta- mente probables. Del mismo modo, el Cross Currency Swap permite el intercambio de deuda a tipo fijo o variable en d\u00f3lares americanos por deuda a tipo fijo o variable en euros, pudiendo cubrir los flujos futuros de intereses y capital en d\u00f3lares americanos, los flujos futuros de intereses a tipo variable en euros y el riesgo de tipo de cambio por transacciones previstas y altamente probables en d\u00f3lares americanos. Por \u00faltimo, los Forward de  divisa cubren  el riesgo de  tipo  de  cambio por transacciones previstas y altamente probables denominadas en una moneda distinta del euro.  La aplicaci\u00f3n de la NIIF 13 (v\u00e9ase nota 4 n), sobre valoraci\u00f3n de instrumentos financieros derivados e instru- mentos de cobertura de la presente Memoria, requiere un ajuste en las t\u00e9cnicas de valoraci\u00f3n para la obten- ci\u00f3n del valor razonable de los instrumentos financieros derivados. El Grupo incorpora un ajuste por riesgo de cr\u00e9dito con el objetivo de reflejar tanto el riesgo propio como de la contraparte en el valor razonable de los instrumentos financieros derivados a partir de modelos de valoraci\u00f3n generalmente aceptados.  Con el fin de eliminar el riesgo de cr\u00e9dito incorporado en los Cross Currency Swap contratados como cober- tura del tipo de cambio de las emisiones de USPP en 2015 se formalizaron con las contrapartes acuerdos de cesi\u00f3n en garant\u00eda con intercambio de colaterales.  Para la determinaci\u00f3n del ajuste por riesgo de cr\u00e9dito del resto de derivados se ha aplicado una t\u00e9cnica basada en el c\u00e1lculo a trav\u00e9s de simulaciones de la exposici\u00f3n total esperada (que incorpora tanto la expo- sici\u00f3n actual  como  la  exposici\u00f3n potencial)  ajustada  por  la  probabilidad  de  incumplimiento a  lo  largo  del tiempo y por la severidad (o p\u00e9rdida potencial) asignada al Grupo y a cada una de las contrapartes.  La exposici\u00f3n total esperada de los instrumentos financieros derivados se obtiene usando inputs observables de mercado, como curvas de tipo de inter\u00e9s, tipo de cambio y volatilidades seg\u00fan las condiciones del mercado en la fecha de valoraci\u00f3n.  Los inputs aplicados para la obtenci\u00f3n del riesgo de cr\u00e9dito propio y de contraparte (determinaci\u00f3n de la probabilidad de default) se basan principalmente en la aplicaci\u00f3n de spreads de cr\u00e9dito propios o de empre- sas comparables actualmente negociados en el mercado (curvas de CDS - Credit Default Swaps-, TIR emi- siones de deuda).  Asimismo, para el ajuste del valor razonable al riesgo de cr\u00e9dito se han tenido en consideraci\u00f3n las mejoras crediticias relativas a garant\u00edas o colaterales a la hora de determinar la tasa de severidad a aplicar para cada una de las posiciones. La severidad se considera \u00fanica en el tiempo. En el caso de no existir mejoras credi- ticias relativas a garant\u00edas o colaterales, se ha aplicado como tasa m\u00ednima de recuperaci\u00f3n un 40%.  El Grupo ha determinado que la mayor\u00eda de los inputs empleados para la determinaci\u00f3n del valor razonable de los instrumentos financieros derivados, en base a los niveles jer\u00e1rquicos detallados en la nota 4, se en- cuentran en el Nivel 2 de la jerarqu\u00eda, incluyendo los datos empleados para el c\u00e1lculo del ajuste por riesgo de cr\u00e9dito propio y de contraparte.   En el caso de haberse aplicado inputs clasificados como de Nivel 3, el Grupo ha procedido a calcular  el impacto  que  supone  la  introducci\u00f3n  de  dichos  datos  sobre  el  total  de  la  valoraci\u00f3n  de  los  instrumentos financieros derivados y ha determinado que no son significativos. Por tanto, el Grupo ha determinado que el total de la cartera de instrumentos financieros derivados se clasifica en el Nivel 2 de la jerarqu\u00eda.  El Grupo utiliza precios medios de mercado como inputs observables a partir de fuentes de informaci\u00f3n ex- ternas reconocidas en los mercados financieros.   El detalle a 31 de diciembre de 2022 y 2021 de las coberturas en miles de euros se muestra a continuaci\u00f3n:  2022 Tipo medio derivado  No corriente Corriente Plazo de Miles de euros  Principal venci- A pagar  A cobrar  Activo  Pasivo  Activo  Pasivo miento Cobertura de tipo de inter\u00e9s:   - Cobertura de flujos de caja:   389.542 miles de Swap de tipo de inter\u00e9s Hasta 2031 2,48%  EURIBOR+0,11% 8.065 (78) - - euros - Precobertura de flujos de caja:   Swap de tipo de inter\u00e9s con co- 100.000 miles de Hasta 2029 0,32%  EURIBOR 15.301 - - - mienzo diferido en 2023 euros Swap de tipo de inter\u00e9s con co- 100.000 miles de Hasta 2030 0,06%  EURIBOR 15.878 - - - mienzo diferido en 2024 euros Swap de tipo de inter\u00e9s con co- 200.000 miles de Hasta 2031 0,20%  EURIBOR 28.743 - - - mienzo diferido en 2025 euros Cobertura de tipo de cambio: - Cobertura de inversi\u00f3n neta: 150.000 miles de Cross currency swap d\u00f3lares Hasta 2026 - - - (2.209) - - americanos - Precobertura de flujos de caja:   65.230 miles de Cross currency swap d\u00f3lares Hasta 2031 - - - (7.200) - - americanos 208.673 miles de Forward de Divisa d\u00f3lares Hasta 2032 - - 5.709 (3.525) - (6.864) americanos 28.543 miles de Forward de Divisa Hasta 2023 - - - - - (189) reales brasile\u00f1os Cobertura de tipo de inter\u00e9s y de cambio - Cobertura de flujos de caja (Cross currency swap): 250.000 miles de Cobertura de tipo de inter\u00e9s 4,12% 2.917 - - - d\u00f3lares Hasta 2035 5,35% USD EUR americanos Cobertura de tipo de cambio  28.459 - - - - Cobertura de flujos de caja (Cross currency swap): Cobertura de tipo de inter\u00e9s 77.567 miles de 5.544 - - - 2,975% d\u00f3lares Hasta 2031 EURIBOR + 0,38% USD Cobertura de tipo de cambio  - (9.004) - - americanos Total   110.616 (22.016) - (7.053 ) 2021 Tipo medio derivado  No corriente Corriente Miles de euros Principal  Plazo de vencimiento A pagar   A cobrar  Activo Pasivo Activo Pasivo Cobertura de tipo de inter\u00e9s: - Cobertura de flujos de caja:   225.000 miles Swap de tipo de inter\u00e9s Hasta 2022 0,34%  EURIBOR  - - - (1.544) de euros 43.621 miles de Swap de tipo de inter\u00e9s Hasta 2031 0,72%  EURIBOR+0,38% 438 - - - euros - Precobertura de flujos de caja: Swap de tipo de inter\u00e9s con 20.921 miles de Hasta 2031 0,72%  EURIBOR+0,38% 207 - - - comienzo diferido en 2022 euros Swap de tipo de inter\u00e9s con 100.000 miles Hasta 2029 0,32%  EURIBOR  1.131 (1.673) - - comienzo diferido en 2023 de euros Swap de tipo de inter\u00e9s con 100.000 miles Hasta 2030 0,06%  EURIBOR  1.655 - - - comienzo diferido en 2024 de euros Swap de tipo de inter\u00e9s con 200.000 miles Hasta 2031 0,20%  EURIBOR  2.758 - - - comienzo diferido en 2025 de euros Cobertura de tipo de cambio: - Cobertura de inversi\u00f3n neta: 150.000 miles Cross currency swap de d\u00f3lares Hasta 2026 -   -   6.099 - - - americanos - Precobertura de flujos de caja: 161.432 miles Cross currency swap de d\u00f3lares Hasta 2031      - (9.535) - - americanos 189.598 miles Forward de Divisa de d\u00f3lares Hasta 2025 -      - (5.228) 33 (3.585) americanos 45.885 miles de Forward de Divisa reales Hasta 2022 -      - - 58 - brasile\u00f1os Cobertura de tipo de inter\u00e9s y de cambio: - Cobertura de flujos de caja (Cross currency swap): Cobertura de tipo de  4,12% EUR 5,35% USD  (3.496) - - - inter\u00e9s 250.000 miles de d\u00f3lares Hasta 2035 Cobertura de tipo de  americanos -   -   14.800 - - - cambio Total         23.592 (16.436) 91 (5.129) Asimismo, el detalle de los flujos esperados de los derivados a 31 de diciembre de 2022 y 2021 que son similares a sus impactos esperados en resultados, por a\u00f1os de ocurrencia es como sigue: Vencimientos a 31 de diciembre de 2022 2028 y Plazo de si- Miles de euros  Principal 2023  2024  2025  2026  2027 Total vencimiento guien- tes Cobertura de tipo de inter\u00e9s: - Cobertura de flujos de caja: 389.542 mi- Swap de tipo de inter\u00e9s Hasta 2031 - (78) - - - 8.065 7.987 les de euros - Precobertura de flujos de caja: Swap de tipo de inter\u00e9s con comienzo 100.000 mi- Hasta 2029 - - - - - 15.301 15.301 diferido en 2023 les de euros Swap de tipo de inter\u00e9s con comienzo 100.000 mi- Hasta 2030 - - - - - 15.878 15.878 diferido en 2024 les de euros Swap de tipo de inter\u00e9s con comienzo 200.000 mi- Hasta 2031 - - - - - 28.743 28.743 diferido en 2025 les de euros Cobertura de tipo de cambio: - Cobertura de inversi\u00f3n neta: 150.000 mi- les de d\u00f3la- Cross currency swap Hasta 2026 - - - (2.209) - - (2.209) res america- nos - Precobertura de flujos de caja: 65.230 miles Cross currency swap de d\u00f3lares Hasta 2031 - - - - - (7.200) (7.200) americanos 203.710 mi- les de d\u00f3la- Forward de Divisa Hasta 2032 (6.864) (1.916) (255) 867 1.214 2.275 (4.679) res america- nos 45.885 miles Forward de Divisa de reales Hasta 2023 (189) - - - - - (189) brasile\u00f1os Cobertura de tipo de inter\u00e9s y de cambio - Cobertura de flujos de caja (Cross currency swap): Cobertura de tipo de inter\u00e9s 250.000 mi- - - (78) - - 2.995 2.917 les de d\u00f3la- Hasta 2035 res america- Cobertura de tipo de cambio  - - 17.075 - - 11.384 28.459 nos - Cobertura de flujos de caja (Cross currency swap): Cobertura de tipo de inter\u00e9s 77.567 miles - - - - - 5.543 5.543 de d\u00f3lares Hasta 2031 Cobertura de tipo de cambio  - - - - - (9.004) (9.004) americanos Total (7.053) (1.994) 16.742 (1.342) 1.214 73.980 81.547 Vencimientos a 31 de diciembre de 2021 2027 y Plazo de si- Miles de euros  Principal venci- 2022  2023  2024  2025  2026 Total guien- miento tes Cobertura de tipo de inter\u00e9s: - Cobertura de flujos de caja:   225.000 miles Swap de tipo de inter\u00e9s Hasta 2022 (1.544) - - - - - (1.544) de euros 43.621 miles Swap de tipo de inter\u00e9s Hasta 2031 - - - - - 438 433 de euros - Precobertura de flujos de caja:   Swap de tipo de inter\u00e9s con comienzo 20.921 miles Hasta 2031 - - - - - 207 207 diferido en 2022 de euros Swap de tipo de inter\u00e9s con comienzo 100.000 miles Hasta 2029 - - - - - (542) (542) diferido en 2023 de euros Swap de tipo de inter\u00e9s con comienzo 100.000 miles Hasta 2030 - - - - - 1.655 1.655 diferido en 2024 de euros Swap de tipo de inter\u00e9s con comienzo 200.000 miles Hasta 2031 - - - - - 2.758 2.758 diferido en 2025 de euros Cobertura de tipo de cambio: - Cobertura de inversi\u00f3n neta:   150.000 miles Cross currency swap de d\u00f3lares Hasta 2026 - - - - 6.099 - 6.099 americanos - Precobertura de flujos de caja:   161.432 miles Cross currency swap de d\u00f3lares Hasta 2031 - - - - - (9.535) (9.535) americanos 189.598 miles Forward de Divisa de d\u00f3lares Hasta 2025 (3.552) (3.486) (1.383) (359) - - (8.781) americanos 45.885 miles Forward de Divisa de reales Hasta 2022 58 - - - - - 58 brasile\u00f1os Cobertura de tipo de inter\u00e9s y de cambio - Cobertura de flujos de caja (Cross currency swap): Cobertura de tipo de inter\u00e9s 250.000 miles - - - (644) - (2.852) (3.496) de d\u00f3lares Hasta 2035 americanos Cobertura de tipo de cambio  - - - 8.880 - 5.920 14.800 Total   (5.038) (3.486) (1.383) 7.877 6.099 (1.951) 2.118 Durante los ejercicios 2022 y 2021 el Grupo ha reconocido como consecuencia de las coberturas de flujos de efectivo realizadas los siguientes importes:     2022   2.021 Inversio- Inversio- nes con- nes con- Pasivos Pasivos tabiliza- tabiliza- Finan- Deriva- Finan- Deriva- das apli- das apli- cieros a dos de cieros a dos de cando el Total cando el Total coste Cober- coste Cober- m\u00e9todo m\u00e9todo amorti- tura (*) amorti- tura (*) de la par- de la par- zado zado ticipa- ticipa- ci\u00f3n ci\u00f3n (P\u00e9rdidas) / Ganancias en el Estado de Resultados 9.052 10.456 - 19.508 3.540 2.408 - 5.948 Consolidado (P\u00e9rdidas) / Ganancias en el Estado de Otro  63.929 405 9.369 73.703 12.503 (8.516) 23.938 27.925 Resultado Global Consolidado Total  72.981 10.861 9.369 93.211 16.043 (6.108) 23.938 33.873 (*) Corresponde a una cobertura de flujos de efectivo de una transacci\u00f3n prevista altamente probable. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialAssetsExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-489": {
   "value": "11 Inversiones contabilizadas aplicando el m\u00e9todo de la participaci\u00f3n En este ep\u00edgrafe se encuentran las inversiones que debido a la influencia significativa que tiene el Grupo, se integran dentro de los Estados Financieros Consolidados a trav\u00e9s del m\u00e9todo de la participaci\u00f3n (v\u00e9ase nota 2.d):      Transmisora El\u00e9ctrica del Norte, S.A. (TEN), participada en un 50% por el Grupo a trav\u00e9s de Red El\u00e9ctrica Chile SpA. TEN es una sociedad constituida el 1 de marzo de 2007 y ha llevado a cabo en Chile el desa- rrollo del proyecto consistente en la construcci\u00f3n de una l\u00ednea de transmisi\u00f3n de aproximadamente 580 kil\u00f3metros y sus subestaciones  correspondientes. Este proyecto conecta  desde noviembre de 2018  el Sistema Interconectado del Norte Grande con el Sistema Interconectado Central de Chile. En la actualidad TEN opera y mantiene las instalaciones construidas.     Argo Energia Empreendimentos e Participa\u00e7\u00f5es S.A. (Argo), sociedad participada por Redeia en un 50% a trav\u00e9s de la sociedad Red El\u00e9ctrica Brasil Holding, Ltda. Argo es una empresa constituida en Brasil en 2016 y propietaria de nueve concesiones el\u00e9ctricas en el pa\u00eds que suman 4.235 km de circuito de alta tensi\u00f3n 500 kV y 230 kV y 33 subestaciones.      Hisdesat Servicios Estrat\u00e9gicos, S.A. (Hisdesat) participada por Redeia en un 38,56% a trav\u00e9s de la so- ciedad Hispasat S.A. Hisdesat es una sociedad dedicada a la comercializaci\u00f3n de sistemas espaciales de aplicaci\u00f3n gubernamental. Esta sociedad forma parte de Hispasat, el cual forma parte del Redeia desde el 3 de octubre de 2019.     Grupo Sylvestris, S.L participada por el Grupo en un 9,73% a trav\u00e9s de la sociedad Hispasat, S.A., es una sociedad que se dedica a la reforestaci\u00f3n. Esta sociedad ha sido adquirida por Hispasat el 21 de diciembre de 2022 (ver nota 2.g).     Dentro de Otras participaciones Subgrupo Hispasat se incluyen: o  Grupo de Navegaci\u00f3n Sistemas y Servicios, S.L (GSS) participada por Redeia en un 12,82% a trav\u00e9s de la sociedad Hispasat S.A. GSS se dedica a la explotaci\u00f3n de sistemas de sat\u00e9lites. Esta sociedad forma parte de Hispasat, el cual forma parte del Grupo desde el 3 de octubre de 2019.  o  Axess Saudi Arabian Telecommunications Company, participada por Grupo en un 43,94% a trav\u00e9s de la Sociedad Hispasat, S.A., es una sociedad sita en Arabia Saud\u00ed cuya actividad se relaciona con la prestaci\u00f3n de servicios de telecomunicaciones. Al cierre del ejercicio 2022 esta sociedad se en- cuentra totalmente deteriorada.     Participaciones con influencia significativa de RETIT: recogen las inversiones que Elewit ha realizado en diferentes sociedades startups de car\u00e1cter innovador.  Durante el ejercicio 2022 se han producidos altas en el per\u00edmetro de consolidaci\u00f3n por la inversi\u00f3n en OKTO Grid Aps por 1.002 miles de euros y de Zeleros Global, S.L. por 147 miles de euros. Asimismo, se ha producido la baja del per\u00edmetro de la inversi\u00f3n en Zeleros Global, S.L. generando en 2022 un resultado de 497 miles de euros en la cuenta de resultados consolidada (ver nota 2.g). Los movimientos registrados en 2022 y 2021 sobre estas participaciones son los siguientes:   Ajustes Variaciones Modificaci\u00f3n Resultado de Ampliaci\u00f3n por  Sociedad  31.12.2021 tipo de  per\u00edmetro de Dividendos la  31.12.2022 capital cambio de cambio consolidaci\u00f3n participaci\u00f3n Valor Transmisora El\u00e9ctrica 209.931 12.887 - - - 956 9.369 233.142 del Norte S.A. (TEN) Argo Energia Em- preendimentos e  300.937 26.538 200.730 - (306) 46.695 - 574.594 Participa\u00e7\u00f5es S.A. Hisdesat Servicios  72.877 - - - - 2.257 - 75.134 Estrat\u00e9gicos, S.A. Grupo Sylvestris, S.L.  - - - 4.478 - - - 4.478 Otras participaciones 119 - - - - - - 119 Subgrupo Hispasat Participaciones  Influencia significativa 4.119 - - (466) - 497 - 4.150 RETIT  Total 587.983 39.425 200.730 (4.012) (306) 50.405 9.369 891.617  Variaciones Modificaci\u00f3n Ajustes por Resultado de la Sociedad  31.12.2020 tipo de per\u00edmetro de Dividendos cambio de 31.12.2021 participaci\u00f3n cambio consolidaci\u00f3n Valor y otros Transmisora El\u00e9ctrica 174.034 16.210 - - (4.251) 23.938 209.931 del Norte S.A. (TEN) Argo Energia  Empreendimentos e  282.041 2.760 - (780) 24.069 (7.153) 300.937 Participa\u00e7\u00f5es S.A.  Hisdesat Servicios Es- 63.118 - - - 9.759 - 72.877 trat\u00e9gicos, S.A. Grupo de Navegaci\u00f3n Sistemas y Servicios 119 - - - - - 119 S.L. Participaciones  Influencia significativa - - 4.150 - (31) - 4.119 RETIT  Total  519.312 18.970 4.150 (780) 29.546 16.785 587.983 Con fecha 30 de noviembre de 2022, Argo ha llevado a cabo una ampliaci\u00f3n de capital por 1.045 millones de reales brasile\u00f1os con el objeto de hacer efectiva la adquisici\u00f3n del 62,5% del capital social de cinco conce- siones de transmisi\u00f3n el\u00e9ctrica en Brasil (ver nota 2.g). Esta operaci\u00f3n ha supuesto una inversi\u00f3n para Redeia de 200,7 millones de euros.  Las magnitudes m\u00e1s significativas de las principales sociedades a 31 de diciembre de 2022 y 2021 son las siguientes:  Argo Energia  Grupo Transmisora El\u00e9ctrica del Hisdesat Servicios  Empreendimentos e  Sylvestris, Norte S.A. (TEN) Estrat\u00e9gicos, S.A. Participa\u00e7\u00f5es S.A. (*) S.L. (*) Miles de euros Ejercicio  2022  2021  2022  2021  2022  2021  2022 Activos no corrientes  651.842 627.480 2.117.477 869.808 565.466 504.429 47.968 Activos corrientes   75.592 45.685 270.819 236.560 341.660 270.200 5.367 Efectivo y equivalentes  41.206 45.318 4.635 3.236 301.148 237.318 3.084 Total Activo  727.434 673.165 2.388.296 1.106.368 907.126 774.629 53.335 Pasivos no corrientes   559.042 563.316 978.748 701.745 603.540 466.462 27 Pasivos corrientes  38.198 42.160 260.360 68.582 50.268 56.442 7.295 Total Pasivo  597.240 605.476 1.239.108 770.327 653.808 522.904 7.322 Activos netos  130.194 67.690 1.149.188 336.041 253.318 251.725 46.013 Ingresos actividades  55.971 32.767 217.563 158.145 49.205 53.939 4 ordinarias Resultado bruto de  46.851 24.474 197.898 143.918 30.330 60.186 4 explotaci\u00f3n  Resultado neto de  30.785 10.136 183.993 142.819 8.937 33.899 4 explotaci\u00f3n  Resultado despu\u00e9s de 1.912 (8.503) 93.390 61.180 5.854 26.995 4 Impuestos Resultado Global  20.407 40.996 93.390 61.180 5.854 23.972 4 Dividendos recibidos por - - 309 780 - - - el Grupo (*) Sociedad incorporada a Redeia el 21 de diciembre de 2022. Al 31 de diciembre de 2022 y 2021 el Grupo tiene concedido un cr\u00e9dito a TEN cuyo saldo es de 13.913 y 12.338 miles de euros, respectivamente (v\u00e9ase nota 19). Por \u00faltimo, con respecto a la inversi\u00f3n en TEN, que se encuentra incluida en la UGE Transporte de energ\u00eda el\u00e9ctrica en Chile, el Grupo, ante la existencia de indicadores de deterioro surgidos en el ejercicio como consecuencia de la coyuntura macroecon\u00f3mica comentada en la Nota 5, se ha realizado un test de deterioro de los activos de dicha UGE para verificar su recuperabilidad (ver nota 7). Se ha obtenido un resultado donde el valor recuperable es superior al valor contable, concluyendo que no existe deterioro sobre los activos. Anexo I: Detalle de participaciones a 31 de diciembre de 2022 y 2021 Redeia Detalle de participaciones a 31 de diciembre de 2022 y 2021 - Sociedad  2022  2021  1 1 - Domicilio  Porcentaje de participaci\u00f3n Porcentaje de participaci\u00f3n - Actividad principal  Directa Indirecta Directa Indirecta Red El\u00e9ctrica Corporaci\u00f3n S.A., sociedad matriz, se constituy\u00f3 en 1985.       - Paseo Conde de los Gaitanes, 177. Alcobendas. Madrid. (Espa\u00f1a). - Gesti\u00f3n del grupo empresarial, prestaci\u00f3n de servicios de asistencia o apoyo a las sociedades participadas y explotaci\u00f3n de los inmuebles pro- piedad de la Sociedad. A) Sociedades Consolidadas por el M\u00e9todo de Integraci\u00f3n Global Red El\u00e9ctrica de Espa\u00f1a, S.A.U. (Red El\u00e9ctrica)   - Paseo Conde de los Gaitanes, 177. Alcobendas. Madrid. (Espa\u00f1a).  100% - 100% - - Transporte y operaci\u00f3n del sistema el\u00e9ctrico Espa\u00f1ol y gesti\u00f3n de la red de transporte. Red El\u00e9ctrica Internacional, S.A.U. (Redinter)   - Paseo Conde de los Gaitanes, 177. Alcobendas. Madrid. (Espa\u00f1a).  100% - 100% - - Adquisici\u00f3n y tenencia de participaciones internacionales. Prestaci\u00f3n de servi- cios de consultor\u00eda, ingenier\u00eda y construcci\u00f3n. Realizaci\u00f3n de actividades el\u00e9ctri- cas fuera del sistema el\u00e9ctrico espa\u00f1ol. Red El\u00e9ctrica Infraestructuras de Telecomunicaci\u00f3n, S.A. (Reintel)   - Paseo Conde de los Gaitanes, 177. Alcobendas. Madrid. (Espa\u00f1a).  51% - 100% - - Prestaci\u00f3n de servicios de consultor\u00eda, ingenier\u00eda, construcci\u00f3n y de telecomu- nicaciones. Red El\u00e9ctrica Infraestructuras en Canarias, S.A.U.   - Calle Juan de Quesada, 9. Las Palmas de Gran Canaria. (Espa\u00f1a).  100% - 100% - - Gesti\u00f3n de la construcci\u00f3n de instalaciones de almacenamiento de energ\u00eda y del ciclo del agua. Red El\u00e9ctrica de Espa\u00f1a Finance, S.L.U.   - Paseo Conde de los Gaitanes, 177. Alcobendas. Madrid. (Espa\u00f1a).  100% - 100% - - Actividades de financiaci\u00f3n.    Red El\u00e9ctrica Financiaciones, S.A.U.   - Paseo Conde de los Gaitanes, 177. Alcobendas. Madrid. (Espa\u00f1a).  100% - 100% - - Actividades de financiaci\u00f3n.   Red El\u00e9ctrica Sistemas de Telecomunicaciones, S.A.U.   - Paseo Conde de los Gaitanes, 177. Alcobendas. Madrid. (Espa\u00f1a).  100% - 100% - - Adquisici\u00f3n, tenencia, administraci\u00f3n, direcci\u00f3n y gesti\u00f3n de valores,  nacionales o extranjeros, representativos de fondos propios de entidades. Red El\u00e9ctrica y de Telecomunicaciones, Innovaci\u00f3n y Tecnolog\u00eda, S.A.U. (Elewit) - Paseo Conde de los Gaitanes, 177. Alcobendas. Madrid. (Espa\u00f1a).  100% - 100% - - Actividades orientadas al impulso y aceleraci\u00f3n de la innovaci\u00f3n tecnol\u00f3gica.   Redcor Reaseguros, S.A (Redcor)   - 26, Rue Louvigny. (Luxemburgo). - Actividades de reaseguro.  Constituida en 2010 en Luxemburgo para poder reasegurar los riesgos de las distintas sociedades del Grupo, garantizando un 100% - 100% - mejor acceso a los mercados de reaseguro internacionales.  Red El\u00e9ctrica Andina, S.A.C. (REA)   -Av. Javier Prado Este 492 Int. 1001 Urb. Jard\u00edn San Isidro. Lima (Per\u00fa)  - 100%(a) - 100%(a) - Prestaci\u00f3n de servicios de mantenimiento de l\u00edneas y subestaciones.  - Sociedad  2022  2021 1 1 - Domicilio  Porcentaje de participaci\u00f3n Porcentaje de participaci\u00f3n - Actividad principal  Directa  Indirecta  Directa  Indirecta Red El\u00e9ctrica del Sur, S.A. (Redesur)   - Av. Javier Prado Este 492 Int. 1001 Urb. Jard\u00edn San Isidro. Lima (Per\u00fa)  - 100%(a) - 100%(a) - Transporte de energ\u00eda el\u00e9ctrica y la operaci\u00f3n y mantenimiento de redes de Transporte de electricidad. Transmisora El\u00e9ctrica del Sur , S.A.C. (Tesur)   - Av. Javier Prado Este 492 Int. 1001 Urb. Jard\u00edn San Isidro. Lima (Per\u00fa)  - 100%(c) - 100%(c) - Transmisi\u00f3n de energ\u00eda el\u00e9ctrica y la operaci\u00f3n y mantenimiento de redes de transmisi\u00f3n de electricidad. Transmisora El\u00e9ctrica del Sur 2 , S.A.C. (Tesur 2)   - Av. Javier Prado Este 492 Int. 1001 Urb. Jard\u00edn San Isidro. Lima (Per\u00fa)  - 100%(c) - 100%(c) - Transmisi\u00f3n de energ\u00eda el\u00e9ctrica y la operaci\u00f3n y mantenimiento de redes de transmisi\u00f3n de electricidad. Transmisora El\u00e9ctrica del Sur 3 , S.A.C. (Tesur 3)   - Av. Javier Prado Este 492 Int. 1001 Urb. Jard\u00edn San Isidro. Lima (Per\u00fa)  - 100%(c) - 100%(c) - Transmisi\u00f3n de energ\u00eda el\u00e9ctrica y la operaci\u00f3n y mantenimiento de redes de transmisi\u00f3n de electricidad. Transmisora El\u00e9ctrica del Sur 4 , S.A.C. (Tesur 4)   - Av. Javier Prado Este 492 Int. 1001 Urb. Jard\u00edn San Isidro. Lima (Per\u00fa)  - 100%(j) - 100%(j) - Transmisi\u00f3n de energ\u00eda el\u00e9ctrica y la operaci\u00f3n y mantenimiento de redes de transmisi\u00f3n de electricidad. Red El\u00e9ctrica del Norte Per\u00fa, S.A.C. (Redelnor)   - Av. Javier Prado Este 492 Int. 1001 Urb. Jard\u00edn San Isidro. Lima (Per\u00fa)  - 100%(a) - 100%(a) - Transmisi\u00f3n de energ\u00eda el\u00e9ctrica y la operaci\u00f3n y mantenimiento de redes de transmisi\u00f3n de electricidad. Concesionaria L\u00ednea de Transmisi\u00f3n CCNCM, S.A.C. (CCNCM)   - Av. Javier Prado Este 492 Int. 1001 Urb. Jard\u00edn San Isidro. Lima (Per\u00fa)  - 100%(d) - 100%(d) - Transmisi\u00f3n de energ\u00eda el\u00e9ctrica y la operaci\u00f3n y mantenimiento de redes de transmisi\u00f3n de electricidad. Red El\u00e9ctrica Chile S.P.A. (Rech)   - Isidora Goyenechea 3000, Oficina 1602 Las Condes, Santiago (Chile)  - 100%(a) - 100%(a) - Adquisici\u00f3n, tenencia, administraci\u00f3n, direcci\u00f3n y gesti\u00f3n de valores.             Red El\u00e9ctrica del Norte S.A. (Redenor)   - Isidora Goyenechea 3000, Oficina 1602 Las Condes, Santiago (Chile)  - 69,9%(e) - 69,9%(e) - Transmisi\u00f3n de energ\u00eda el\u00e9ctrica y la operaci\u00f3n y mantenimiento de redes de transmisi\u00f3n de electricidad. Red El\u00e9ctrica del Norte 2 S.A. (Redenor 2)   - Isidora Goyenechea 3000, Oficina 1602 Las Condes, Santiago (Chile)  - 100%(e) - 100%(e) - Transmisi\u00f3n de energ\u00eda el\u00e9ctrica y la operaci\u00f3n y mantenimiento de redes de transmisi\u00f3n de electricidad. Red El\u00e9ctrica Brasil Holding Ltda. (REB)   - Av. Brigadeiro Faria Lima, N\u00ba 3729, 5\u00ba, 04538-905. S\u00e3o Paulo (Brasil)   100%(a) 100%(a) - Adquisici\u00f3n, tenencia, administraci\u00f3n, direcci\u00f3n y gesti\u00f3n de valores.             Hispasat S.A.   - Calle de Anabel Segura, 11. Alcobendas. Madrid. (Espa\u00f1a).  - 89,68%(f) (g) - 89,68%(f) (g) - Sociedad dominante del Subgrupo Hispasat. Explotaci\u00f3n del sistema de comu- nicaciones por sat\u00e9lite y prestaci\u00f3n del servicio de segmento espacial de las po- siciones orbitales geoestacionales atribuidas al Estado espa\u00f1ol. Hispasat Canarias, S.L.U.   - Calle Practicante Ignacio Rodriguez s/n Edificio Polivalente IV. Las Palmas de - 89,68%(g) - 89,68%(g) Gran Canaria (Espa\u00f1a) - Venta y arrendamiento de sat\u00e9lites as\u00ed como de su capacidad espacial  Sociedad  2022  2021  1 1 - Domicilio  Porcentaje de participaci\u00f3n  Porcentaje de participaci\u00f3n - Actividad principal  Directa  Indirecta  Directa  Indirecta Hispasat Brasil, Ltda.   - Praia do Flamengo, 200 Rio de Janeiro, (Brasil)  - 89,68%(g) - 89,68%(g) - Comercializaci\u00f3n de capacidad de sat\u00e9lite.             Hispamar Sat\u00e9lites, S.A.   - Praia do Flamengo, 200 Rio de Janeiro, (Brasil)  - 89,68% (g) - 89,68%(g) - Comercializaci\u00f3n de capacidad de sat\u00e9lite.             Hispamar Exterior, S.L.U.   - Paseo de la Castellana 39, 28046 Madrid (Espa\u00f1a).  - 89,68% (g) - 89,68%(g) - Comercializaci\u00f3n de capacidad de sat\u00e9lite.             Hispasat de M\u00e9xico, S.A. de C.V.   - Agust\u00edn Manuel Ch\u00e1vez 1-001 Col. Centro de Ciudad Santa Fe, M\u00e9xico D.F. - 89,68% (g) - 89,68%(g) (M\u00e9xico) - Uso del espectro radioel\u00e9ctrico, redes de telecomunicaciones y comunicaci\u00f3n v\u00eda sat\u00e9lite. Consultek Inc.   - 1036 Country Club Drive, Suite 202, Moraga, CA 94556. (Estados Unidos de - 89,68% (g) - 89,68%(g) Am\u00e9rica) -Servicios de consultor\u00eda t\u00e9cnica.             Hispamar Sat\u00e9lites, S.A. (Venezuela)   - Torre Phelps, piso 10 ofic. 10, Caracas (Venezuela)  - 89,68% (g) - 89,68% (g) -Comercializaci\u00f3n y prestaci\u00f3n de servicios de telecomunicaciones v\u00eda sat\u00e9lite.             Hispasat UK, LTD.   30 Finsbury Square, Londres. (Inglaterra)  - 89,68% (g) - 89,68% (g) -Comercializaci\u00f3n y prestaci\u00f3n de servicios de telecomunicaciones v\u00eda sat\u00e9lite.             Hispasat Per\u00fa, S.A.C.   Jr. Baca Flor N\u00b0 307, Dpto. N\u00b0 701, distrito de Magdalena del Mar. Lima (Per\u00fa)  - 89,68% (g) - 89,68% (g) -Comercializaci\u00f3n y prestaci\u00f3n de servicios de telecomunicaciones v\u00eda sat\u00e9lite.             Axess Networks Solutions, S.L.   Calle Beethoven 15, 2\u00ba 1\u00aa, 08021 Barcelona, (Espa\u00f1a)  - 89,68%(g) (h) - - - Actividad de gesti\u00f3n y administraci\u00f3n de valores representativos de los fondos propios de entidades no residentes en territorio espa\u00f1ol. Axess Networks Solutions Arabia Saudita, S.L   Calle Beethoven 15, 2\u00ba 1\u00aa, 08021 Barcelona, (Espa\u00f1a)  - 89,68%(g) (h) - - - Actividad de gesti\u00f3n y administraci\u00f3n de valores representativos de los fondos propios de entidades no residentes en territorio espa\u00f1ol. Axess Networks Solutions Holding Germany, GmbH   Falkenweg 1, 53809, Ruppichteroth, (Alemania)  - 89,68%(g) (h) - - - Adquisici\u00f3n, tenencia y gesti\u00f3n de inversiones en empresas activas vinculadas en el campo de la tecnolog\u00eda de telecomunicaciones. Axess Networks Solutions Germany, GmbH   Falkenweg 1, 53809, Ruppichteroth, (Alemania)  - 89,68%(g) (h) - - - Prestaci\u00f3n de Servicios de Telecomunicaciones.             Axess Networks Solutions UK Ltd   2nd Floor, 168 Shoreditch High Street, E1 6RA, Londres, (Reino Unido)  - 89,68%(g) (h) - - - Prestaci\u00f3n de Servicios de Telecomunicaciones. - Sociedad  2022  2021  1  1 - Domicilio  Porcentaje de participaci\u00f3n Porcentaje de participaci\u00f3n - Actividad principal  Directa  Indirecta  Directa  Indirecta Axess Networks Solutions Colombia S.A.S.   Carrera 7 No. 71-52 Torre B Oficina. 501 en la ciudad de Bogot\u00e1 D.C., departa- - 89,68%(g) (h) - - mento de Cundinamarca, (Colombia). - Prestaci\u00f3n de Servicios de Telecomunicaciones.             Axess Networks Cyprus LTD   Ethnikis Antistaseos, 23, Flat/Office 303, 3025, Llimasol, (Chipre)  - 89,68%(g) (h) - - - Prestaci\u00f3n de Servicios de Telecomunicaciones.             Axess Networks Solutions Ecuador S.A.   Avenida de los Shyris E9-38 y B\u00e9lgica Edificio Shyrus Cetury, Piso 7 Quito, - 89,68%(g) (h) - - (Ecuador) - Prestaci\u00f3n de Servicios de Telecomunicaciones.             Axess Networks Solutions Per\u00fa S.A.C   Av. Alfredo Benavides Nro. 1555 Dpto. 301 \u2013 Urb. San Antonio \u2013 Miraflores \u2013 - 89,68%(g) (h) - - Lima. (Per\u00fa) - Prestaci\u00f3n de Servicios de Telecomunicaciones.             Ingux, S.A.   Ocean Bussines Plaza, Piso 23, Oficina 32-02, Calle Aquilino de la Guardia,  - 89,68%(g) (h) - - Ciudad de Panam\u00e1, (Panam\u00e1) - Prestaci\u00f3n de Servicios de Telecomunicaciones.             Axess Networks Solutions Chile S.A.   Isidora Goyenechea 3365, Piso 9, Comuna de Las Condes, Santiago de Chile. - 89,68%(g) (h) - - (Chile) - Prestaci\u00f3n de Servicios de Telecomunicaciones.             Axess Networks Solutions M\u00e9xico S.A de C.V   Av. Paseo de la Reforma 26, Piso 16, Col. Ju\u00e1rez, C.P. 06600 Del.  - 89,68%(g) (h) - - Cuauht\u00e9moc, Ciudad de M\u00e9xico. (M\u00e9xico) - Prestaci\u00f3n de Servicios de Telecomunicaciones.             Axesat Mobility S.A de C.V   Av. Paseo de la Reforma 26, Piso 16, Col. Ju\u00e1rez, C.P. 06600 Del.  - 89,68%(g) (h) - - Cuauht\u00e9moc, Ciudad de M\u00e9xico. (M\u00e9xico) Prestaci\u00f3n de Servicios de Telecomunicaciones.             HPS Corporativo S. de R.L de C.V   Mariano Escobedo No. 353-B, Interior 3A, Col. Polanco V Secci\u00f3n, Del. Miguel - 89,68%(g) (h) - - Hidalgo, CP 11560, Ciudad de M\u00e9xico. (M\u00e9xico) Prestaci\u00f3n de Servicios de Telecomunicaciones.             B) Sociedades consolidadas por el M\u00e9todo de Integraci\u00f3n Proporcional Interconexi\u00f3n El\u00e9ctrica Francia-Espa\u00f1a, S.A.S. (Inelfe)   - Inmueble Window, 7 C Place du D\u00f4me. Paris. (Francia)  - 50%(b) - 50%(b) - Estudio y ejecuci\u00f3n de Interconexiones el\u00e9ctricas entre Espa\u00f1a y Francia.             C) Sociedades consolidadas por el M\u00e9todo de la Participaci\u00f3n Transmisora El\u00e9ctrica del Norte S.A. (TEN)   - Avenida Apoquindo N\u00b03721, piso 6, Las Condes, Santiago (Chile)  - 50%(e) - 50%(e) - Transporte de energ\u00eda el\u00e9ctrica y la operaci\u00f3n y mantenimiento de redes de Transmisi\u00f3n de electricidad. Argo Energ\u00eda Empreendimentos y Participa\u00e7\u00f5es S.A.   - Calle Tabapu\u00e3, 841 \u2013 5\u00ba andar \u2013 Itaim Bibi \u2013 S\u00e3o Paulo/SP (Brasil)  - 50% (i) (k) - 50% (i) (k) - Adquisici\u00f3n, tenencia, administraci\u00f3n, direcci\u00f3n y gesti\u00f3n de valores.             Argo Transmiss\u00e3o de Energia S.A. (Argo I)   - Calle Tabapu\u00e3, 841 \u2013 5\u00ba andar \u2013 Itaim Bibi \u2013 S\u00e3o Paulo/SP (Brasil)  - 50% (k) - 50% (k) - Transmisi\u00f3n de energ\u00eda el\u00e9ctrica y la operaci\u00f3n y mantenimiento de redes de - Sociedad  2022  2021 1 1 - Domicilio  Porcentaje de participaci\u00f3n Porcentaje de participaci\u00f3n - Actividad principal  Directa Indirecta Directa Indirecta Argo II Transmiss\u00e3o de Energia S.A. (Argo II)   - Calle Tabapu\u00e3, 841 \u2013 5\u00ba andar \u2013 Itaim Bibi \u2013 S\u00e3o Paulo/SP (Brasil)  - 50% (k) - 50% (k) - Transmisi\u00f3n de energ\u00eda el\u00e9ctrica y la operaci\u00f3n y mantenimiento de redes de transmisi\u00f3n de electricidad. Argo III T Transmiss\u00e3o de Energia S.A. (Argo III)   - Calle Tabapu\u00e3, 841 \u2013 5\u00ba andar \u2013 Itaim Bibi \u2013 S\u00e3o Paulo/SP (Brasil)  - 50% (k) - 50% (k) - Transmisi\u00f3n de energ\u00eda el\u00e9ctrica y la operaci\u00f3n y mantenimiento de redes de transmisi\u00f3n de electricidad. Argo IV Transmiss\u00e3o de Energia S.A. (Argo IV)   - Calle Tabapu\u00e3, 841 \u2013 5\u00ba andar \u2013 Itaim Bibi \u2013 S\u00e3o Paulo/SP (Brasil)  - 50% (k) - 50% (k) - Transmisi\u00f3n de energ\u00eda el\u00e9ctrica y la operaci\u00f3n y mantenimiento de redes de Transmisi\u00f3n de electricidad. Argeb Energia Empreendimentos e Participa\u00e7\u00f5es S.A. (Argeb)   - Calle Tabapu\u00e3, 841 \u2013 5\u00ba andar \u2013 Itaim Bibi \u2013 S\u00e3o Paulo/SP (Brasil)  - 31,25% (k) - - - Adquisici\u00f3n, tenencia, administraci\u00f3n, direcci\u00f3n y gesti\u00f3n de valores.             Argo V Transmiss\u00e3o de Energia S.A. (Argo V)   - Calle Tabapu\u00e3, 841 \u2013 5\u00ba andar \u2013 Itaim Bibi \u2013 S\u00e3o Paulo/SP (Brasil)  - 31,25% (k) - - - Transmisi\u00f3n de energ\u00eda el\u00e9ctrica y la operaci\u00f3n y mantenimiento de redes de Transmisi\u00f3n de electricidad. Argo VI Transmiss\u00e3o de Energia S.A. (Argo VI)   - Calle Tabapu\u00e3, 841 \u2013 5\u00ba andar \u2013 Itaim Bibi \u2013 S\u00e3o Paulo/SP (Brasil)  - 31,25% (k) - - - Transmisi\u00f3n de energ\u00eda el\u00e9ctrica y la operaci\u00f3n y mantenimiento de redes de Transmisi\u00f3n de electricidad. Transmissora Jos\u00e9 Maria de Macedo de Eletricidade S.A. (Argo VII)   - Calle Tabapu\u00e3, 841 \u2013 5\u00ba andar \u2013 Itaim Bibi \u2013 S\u00e3o Paulo/SP (Brasil)  - 31,25% (k) - - - Transmisi\u00f3n de energ\u00eda el\u00e9ctrica y la operaci\u00f3n y mantenimiento de redes de transmisi\u00f3n de electricidad. Giovanni Sanguinetti Transmissora de Energia S.A.  (Argo VIII)   - Calle Tabapu\u00e3, 841 \u2013 5\u00ba andar \u2013 Itaim Bibi \u2013 S\u00e3o Paulo/SP (Brasil)  - 31,25% (k) - - - Transmisi\u00f3n de energ\u00eda el\u00e9ctrica y la operaci\u00f3n y mantenimiento de redes de transmisi\u00f3n de electricidad. Argo IX Transmiss\u00e3o de Energia S.A. (Argo IX)   - Calle Tabapu\u00e3, 841 \u2013 5\u00ba andar \u2013 Itaim Bibi \u2013 S\u00e3o Paulo/SP (Brasil)  - 31,25% (k) - - - Transmisi\u00f3n de energ\u00eda el\u00e9ctrica y la operaci\u00f3n y mantenimiento de redes de transmisi\u00f3n de electricidad. Hisdesat Servicios Estrat\u00e9gicos, S.A.   - Paseo de la Castellana 143, 28046 Madrid (Espa\u00f1a)  - 38,56%(g) - 38,56%(g) - Comercializaci\u00f3n de sistemas espaciales de aplicaci\u00f3n gubernamental.             Grupo de Navegaci\u00f3n Sistemas y Servicios, S.L.    - Calle Isaac Newton 1, Madrid (Espa\u00f1a)  - 12,82%(g) - 12,82%(g) - Explotaci\u00f3n de sistemas de sat\u00e9lites.             Axess Saudi Arabian Telecommunications Company    2870 Tariq Ibn Ziad - Qurtubah Dist. Unit No. 28, Al Khobar 34234 - 7097,  - 43,94%(g) (h) - - (Arabia Saud\u00ed) - Prestaci\u00f3n de Servicios de Telecomunicaciones.             Grupo Sylvestris, S.L.   Paseo de la Ermita del Santo 5, 28011 Madrid (Espa\u00f1a)  - 9,73%(g) - - - Reforestaci\u00f3n de terrenos.             - Sociedad  2022  2021 Porcentaje de Porcentaje de  - Domicilio (1) (1) participaci\u00f3n participaci\u00f3n - Actividad principal  Directa Indirecta Directa Indirecta 2 Zeleros Global, S.L. - Muelle de la aduana s/n, Edificio Lanzadera, 46024, Valencia. (Espa\u00f1a)  - - - 5,91%(l) - Investigaci\u00f3n y desarrollo de nuevas tecnolog\u00edas aplicadas al sector del transporte.             Okto Grid ApS   Gammel Kongevej 11, 5. 1610 K\u00f8benhavn V, (Dinamarca)  - 13,07%(l) - - - Soluciones de medici\u00f3n para la industria de energ\u00eda.             Nearby Computing, S.L.   - Travessera de Gr\u00e0cia 18, 3r, 3a, 08021 Barcelona. (Espa\u00f1a)  - 11,71%(l) - 11,71%(l) - Desarrollo de software y/o aplicaciones inform\u00e1ticas.   Hybrid Energy Storage Solutions, S.L.    - Av. Benjam\u00edn Franklin, 12, M\u00f3d. N\u00ba24, 46980 Paterna, Valencia. (Espa\u00f1a)  - 19,61%(l) - 19,61%(l) - Dise\u00f1o, producci\u00f3n y venta de soluciones tecnol\u00f3gicas de almacenamiento de energ\u00eda para la nueva generaci\u00f3n de redes el\u00e9ctricas.   Aerolaser System, S.L.    - Av. Jos\u00e9 Mesa y L\u00f3pez, 45, L. D4, 35010 Las Palmas de Gran Canaria. (Espa\u00f1a)  - 15,79%(l) - 15,79%(l) - Desarrollo y comercializaci\u00f3n de soluciones tecnol\u00f3gicas en el campo de la sens\u00f3- rica para tecnolog\u00eda geoespacial.   1 Equivalente a derechos de voto. 2 La sociedad ha salido del per\u00edmetro de consolidaci\u00f3n en 2022 (ver nota 2.g). (a) Participaci\u00f3n a trav\u00e9s de Red El\u00e9ctrica Internacional S.A.U. (b) Participaci\u00f3n a trav\u00e9s de Red El\u00e9ctrica de Espa\u00f1a S.A.U. (c) Participaci\u00f3n a trav\u00e9s de Red El\u00e9ctrica del Sur, S.A. (d) Participaci\u00f3n a trav\u00e9s de Red El\u00e9ctrica del Norte Per\u00fa, S.A.C. (e) Participaci\u00f3n a trav\u00e9s de Red El\u00e9ctrica Chile SpA. (f) Participaci\u00f3n a trav\u00e9s de Red El\u00e9ctrica Sistemas de Telecomunicaciones, S.A.U. (g)  Sociedad perteneciente al Subgrupo Hispasat cuya matriz es Hispasat, S.A. (h) Sociedad perteneciente al Subgrupo Axess cuya matriz es Axess Networks Solutions, S.L. (i) Participaci\u00f3n a trav\u00e9s de Red El\u00e9ctrica Brasil Holding Ltda. (j) Participaci\u00f3n a trav\u00e9s de Red El\u00e9ctrica del Sur, S.A. y Red El\u00e9ctrica Internacional S.A.U. (k)  Sociedad perteneciente al Subgrupo Argo cuya matriz es Argo Energ\u00eda Empreendimentos y Participa\u00e7\u00f5es. S.A. (l) Participaci\u00f3n a trav\u00e9s de Red El\u00e9ctrica y de Telecomunicaciones, Innovaci\u00f3n y Tecnolog\u00eda, S.A.U . ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInAssociatesExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
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  "fact-562": {
   "value": "11 Inversiones contabilizadas aplicando el m\u00e9todo de la participaci\u00f3n En este ep\u00edgrafe se encuentran las inversiones que debido a la influencia significativa que tiene el Grupo, se integran dentro de los Estados Financieros Consolidados a trav\u00e9s del m\u00e9todo de la participaci\u00f3n (v\u00e9ase nota 2.d):      Transmisora El\u00e9ctrica del Norte, S.A. (TEN), participada en un 50% por el Grupo a trav\u00e9s de Red El\u00e9ctrica Chile SpA. TEN es una sociedad constituida el 1 de marzo de 2007 y ha llevado a cabo en Chile el desa- rrollo del proyecto consistente en la construcci\u00f3n de una l\u00ednea de transmisi\u00f3n de aproximadamente 580 kil\u00f3metros y sus subestaciones  correspondientes. Este proyecto conecta  desde noviembre de 2018  el Sistema Interconectado del Norte Grande con el Sistema Interconectado Central de Chile. En la actualidad TEN opera y mantiene las instalaciones construidas.     Argo Energia Empreendimentos e Participa\u00e7\u00f5es S.A. (Argo), sociedad participada por Redeia en un 50% a trav\u00e9s de la sociedad Red El\u00e9ctrica Brasil Holding, Ltda. Argo es una empresa constituida en Brasil en 2016 y propietaria de nueve concesiones el\u00e9ctricas en el pa\u00eds que suman 4.235 km de circuito de alta tensi\u00f3n 500 kV y 230 kV y 33 subestaciones.      Hisdesat Servicios Estrat\u00e9gicos, S.A. (Hisdesat) participada por Redeia en un 38,56% a trav\u00e9s de la so- ciedad Hispasat S.A. Hisdesat es una sociedad dedicada a la comercializaci\u00f3n de sistemas espaciales de aplicaci\u00f3n gubernamental. Esta sociedad forma parte de Hispasat, el cual forma parte del Redeia desde el 3 de octubre de 2019.     Grupo Sylvestris, S.L participada por el Grupo en un 9,73% a trav\u00e9s de la sociedad Hispasat, S.A., es una sociedad que se dedica a la reforestaci\u00f3n. Esta sociedad ha sido adquirida por Hispasat el 21 de diciembre de 2022 (ver nota 2.g).     Dentro de Otras participaciones Subgrupo Hispasat se incluyen: o  Grupo de Navegaci\u00f3n Sistemas y Servicios, S.L (GSS) participada por Redeia en un 12,82% a trav\u00e9s de la sociedad Hispasat S.A. GSS se dedica a la explotaci\u00f3n de sistemas de sat\u00e9lites. Esta sociedad forma parte de Hispasat, el cual forma parte del Grupo desde el 3 de octubre de 2019.  o  Axess Saudi Arabian Telecommunications Company, participada por Grupo en un 43,94% a trav\u00e9s de la Sociedad Hispasat, S.A., es una sociedad sita en Arabia Saud\u00ed cuya actividad se relaciona con la prestaci\u00f3n de servicios de telecomunicaciones. Al cierre del ejercicio 2022 esta sociedad se en- cuentra totalmente deteriorada.     Participaciones con influencia significativa de RETIT: recogen las inversiones que Elewit ha realizado en diferentes sociedades startups de car\u00e1cter innovador.  Durante el ejercicio 2022 se han producidos altas en el per\u00edmetro de consolidaci\u00f3n por la inversi\u00f3n en OKTO Grid Aps por 1.002 miles de euros y de Zeleros Global, S.L. por 147 miles de euros. Asimismo, se ha producido la baja del per\u00edmetro de la inversi\u00f3n en Zeleros Global, S.L. generando en 2022 un resultado de 497 miles de euros en la cuenta de resultados consolidada (ver nota 2.g). Los movimientos registrados en 2022 y 2021 sobre estas participaciones son los siguientes:   Ajustes Variaciones Modificaci\u00f3n Resultado de Ampliaci\u00f3n por  Sociedad  31.12.2021 tipo de  per\u00edmetro de Dividendos la  31.12.2022 capital cambio de cambio consolidaci\u00f3n participaci\u00f3n Valor Transmisora El\u00e9ctrica 209.931 12.887 - - - 956 9.369 233.142 del Norte S.A. (TEN) Argo Energia Em- preendimentos e  300.937 26.538 200.730 - (306) 46.695 - 574.594 Participa\u00e7\u00f5es S.A. Hisdesat Servicios  72.877 - - - - 2.257 - 75.134 Estrat\u00e9gicos, S.A. Grupo Sylvestris, S.L.  - - - 4.478 - - - 4.478 Otras participaciones 119 - - - - - - 119 Subgrupo Hispasat Participaciones  Influencia significativa 4.119 - - (466) - 497 - 4.150 RETIT  Total 587.983 39.425 200.730 (4.012) (306) 50.405 9.369 891.617 Variaciones Modificaci\u00f3n Ajustes por Resultado de la Sociedad  31.12.2020 tipo de per\u00edmetro de Dividendos cambio de 31.12.2021 participaci\u00f3n cambio consolidaci\u00f3n Valor y otros Transmisora El\u00e9ctrica 174.034 16.210 - - (4.251) 23.938 209.931 del Norte S.A. (TEN) Argo Energia  Empreendimentos e  282.041 2.760 - (780) 24.069 (7.153) 300.937 Participa\u00e7\u00f5es S.A.  Hisdesat Servicios Es- 63.118 - - - 9.759 - 72.877 trat\u00e9gicos, S.A. Grupo de Navegaci\u00f3n Sistemas y Servicios 119 - - - - - 119 S.L. Participaciones  Influencia significativa - - 4.150 - (31) - 4.119 RETIT  Total  519.312 18.970 4.150 (780) 29.546 16.785 587.983 Con fecha 30 de noviembre de 2022, Argo ha llevado a cabo una ampliaci\u00f3n de capital por 1.045 millones de reales brasile\u00f1os con el objeto de hacer efectiva la adquisici\u00f3n del 62,5% del capital social de cinco conce- siones de transmisi\u00f3n el\u00e9ctrica en Brasil (ver nota 2.g). Esta operaci\u00f3n ha supuesto una inversi\u00f3n para Redeia de 200,7 millones de euros.  Las magnitudes m\u00e1s significativas de las principales sociedades a 31 de diciembre de 2022 y 2021 son las siguientes:  Argo Energia  Grupo Transmisora El\u00e9ctrica del Hisdesat Servicios  Empreendimentos e  Sylvestris, Norte S.A. (TEN) Estrat\u00e9gicos, S.A. Participa\u00e7\u00f5es S.A. (*) S.L. (*) Miles de euros Ejercicio  2022  2021  2022  2021  2022  2021  2022 Activos no corrientes  651.842 627.480 2.117.477 869.808 565.466 504.429 47.968 Activos corrientes   75.592 45.685 270.819 236.560 341.660 270.200 5.367 Efectivo y equivalentes  41.206 45.318 4.635 3.236 301.148 237.318 3.084 Total Activo  727.434 673.165 2.388.296 1.106.368 907.126 774.629 53.335 Pasivos no corrientes   559.042 563.316 978.748 701.745 603.540 466.462 27 Pasivos corrientes  38.198 42.160 260.360 68.582 50.268 56.442 7.295 Total Pasivo  597.240 605.476 1.239.108 770.327 653.808 522.904 7.322 Activos netos  130.194 67.690 1.149.188 336.041 253.318 251.725 46.013 Ingresos actividades  55.971 32.767 217.563 158.145 49.205 53.939 4 ordinarias Resultado bruto de  46.851 24.474 197.898 143.918 30.330 60.186 4 explotaci\u00f3n  Resultado neto de  30.785 10.136 183.993 142.819 8.937 33.899 4 explotaci\u00f3n  Resultado despu\u00e9s de 1.912 (8.503) 93.390 61.180 5.854 26.995 4 Impuestos Resultado Global  20.407 40.996 93.390 61.180 5.854 23.972 4 Dividendos recibidos por - - 309 780 - - - el Grupo (*) Sociedad incorporada a Redeia el 21 de diciembre de 2022. Al 31 de diciembre de 2022 y 2021 el Grupo tiene concedido un cr\u00e9dito a TEN cuyo saldo es de 13.913 y 12.338 miles de euros, respectivamente (v\u00e9ase nota 19). Por \u00faltimo, con respecto a la inversi\u00f3n en TEN, que se encuentra incluida en la UGE Transporte de energ\u00eda el\u00e9ctrica en Chile, el Grupo, ante la existencia de indicadores de deterioro surgidos en el ejercicio como consecuencia de la coyuntura macroecon\u00f3mica comentada en la Nota 5, se ha realizado un test de deterioro de los activos de dicha UGE para verificar su recuperabilidad (ver nota 7). Se ha obtenido un resultado donde el valor recuperable es superior al valor contable, concluyendo que no existe deterioro sobre los activos.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfJointVenturesExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-512": {
   "value": "11 Inversiones contabilizadas aplicando el m\u00e9todo de la participaci\u00f3n En este ep\u00edgrafe se encuentran las inversiones que debido a la influencia significativa que tiene el Grupo, se integran dentro de los Estados Financieros Consolidados a trav\u00e9s del m\u00e9todo de la participaci\u00f3n (v\u00e9ase nota 2.d):      Transmisora El\u00e9ctrica del Norte, S.A. (TEN), participada en un 50% por el Grupo a trav\u00e9s de Red El\u00e9ctrica Chile SpA. TEN es una sociedad constituida el 1 de marzo de 2007 y ha llevado a cabo en Chile el desa- rrollo del proyecto consistente en la construcci\u00f3n de una l\u00ednea de transmisi\u00f3n de aproximadamente 580 kil\u00f3metros y sus subestaciones  correspondientes. Este proyecto conecta  desde noviembre de 2018  el Sistema Interconectado del Norte Grande con el Sistema Interconectado Central de Chile. En la actualidad TEN opera y mantiene las instalaciones construidas.     Argo Energia Empreendimentos e Participa\u00e7\u00f5es S.A. (Argo), sociedad participada por Redeia en un 50% a trav\u00e9s de la sociedad Red El\u00e9ctrica Brasil Holding, Ltda. Argo es una empresa constituida en Brasil en 2016 y propietaria de nueve concesiones el\u00e9ctricas en el pa\u00eds que suman 4.235 km de circuito de alta tensi\u00f3n 500 kV y 230 kV y 33 subestaciones.      Hisdesat Servicios Estrat\u00e9gicos, S.A. (Hisdesat) participada por Redeia en un 38,56% a trav\u00e9s de la so- ciedad Hispasat S.A. Hisdesat es una sociedad dedicada a la comercializaci\u00f3n de sistemas espaciales de aplicaci\u00f3n gubernamental. Esta sociedad forma parte de Hispasat, el cual forma parte del Redeia desde el 3 de octubre de 2019.     Grupo Sylvestris, S.L participada por el Grupo en un 9,73% a trav\u00e9s de la sociedad Hispasat, S.A., es una sociedad que se dedica a la reforestaci\u00f3n. Esta sociedad ha sido adquirida por Hispasat el 21 de diciembre de 2022 (ver nota 2.g).     Dentro de Otras participaciones Subgrupo Hispasat se incluyen: o  Grupo de Navegaci\u00f3n Sistemas y Servicios, S.L (GSS) participada por Redeia en un 12,82% a trav\u00e9s de la sociedad Hispasat S.A. GSS se dedica a la explotaci\u00f3n de sistemas de sat\u00e9lites. Esta sociedad forma parte de Hispasat, el cual forma parte del Grupo desde el 3 de octubre de 2019.  o  Axess Saudi Arabian Telecommunications Company, participada por Grupo en un 43,94% a trav\u00e9s de la Sociedad Hispasat, S.A., es una sociedad sita en Arabia Saud\u00ed cuya actividad se relaciona con la prestaci\u00f3n de servicios de telecomunicaciones. Al cierre del ejercicio 2022 esta sociedad se en- cuentra totalmente deteriorada.     Participaciones con influencia significativa de RETIT: recogen las inversiones que Elewit ha realizado en diferentes sociedades startups de car\u00e1cter innovador.  Durante el ejercicio 2022 se han producidos altas en el per\u00edmetro de consolidaci\u00f3n por la inversi\u00f3n en OKTO Grid Aps por 1.002 miles de euros y de Zeleros Global, S.L. por 147 miles de euros. Asimismo, se ha producido la baja del per\u00edmetro de la inversi\u00f3n en Zeleros Global, S.L. generando en 2022 un resultado de 497 miles de euros en la cuenta de resultados consolidada (ver nota 2.g). Los movimientos registrados en 2022 y 2021 sobre estas participaciones son los siguientes:   Ajustes Variaciones Modificaci\u00f3n Resultado de Ampliaci\u00f3n por  Sociedad  31.12.2021 tipo de  per\u00edmetro de Dividendos la  31.12.2022 capital cambio de cambio consolidaci\u00f3n participaci\u00f3n Valor Transmisora El\u00e9ctrica 209.931 12.887 - - - 956 9.369 233.142 del Norte S.A. (TEN) Argo Energia Em- preendimentos e  300.937 26.538 200.730 - (306) 46.695 - 574.594 Participa\u00e7\u00f5es S.A. Hisdesat Servicios  72.877 - - - - 2.257 - 75.134 Estrat\u00e9gicos, S.A. Grupo Sylvestris, S.L.  - - - 4.478 - - - 4.478 Otras participaciones 119 - - - - - - 119 Subgrupo Hispasat Participaciones  Influencia significativa 4.119 - - (466) - 497 - 4.150 RETIT  Total 587.983 39.425 200.730 (4.012) (306) 50.405 9.369 891.617 Variaciones Modificaci\u00f3n Ajustes por Resultado de la Sociedad  31.12.2020 tipo de per\u00edmetro de Dividendos cambio de 31.12.2021 participaci\u00f3n cambio consolidaci\u00f3n Valor y otros Transmisora El\u00e9ctrica 174.034 16.210 - - (4.251) 23.938 209.931 del Norte S.A. (TEN) Argo Energia  Empreendimentos e  282.041 2.760 - (780) 24.069 (7.153) 300.937 Participa\u00e7\u00f5es S.A.  Hisdesat Servicios Es- 63.118 - - - 9.759 - 72.877 trat\u00e9gicos, S.A. Grupo de Navegaci\u00f3n Sistemas y Servicios 119 - - - - - 119 S.L. Participaciones  Influencia significativa - - 4.150 - (31) - 4.119 RETIT  Total  519.312 18.970 4.150 (780) 29.546 16.785 587.983 Con fecha 30 de noviembre de 2022, Argo ha llevado a cabo una ampliaci\u00f3n de capital por 1.045 millones de reales brasile\u00f1os con el objeto de hacer efectiva la adquisici\u00f3n del 62,5% del capital social de cinco conce- siones de transmisi\u00f3n el\u00e9ctrica en Brasil (ver nota 2.g). Esta operaci\u00f3n ha supuesto una inversi\u00f3n para Redeia de 200,7 millones de euros.  Las magnitudes m\u00e1s significativas de las principales sociedades a 31 de diciembre de 2022 y 2021 son las siguientes:  Argo Energia  Grupo Transmisora El\u00e9ctrica del Hisdesat Servicios  Empreendimentos e  Sylvestris, Norte S.A. (TEN) Estrat\u00e9gicos, S.A. Participa\u00e7\u00f5es S.A. (*) S.L. (*) Miles de euros Ejercicio  2022  2021  2022  2021  2022  2021  2022 Activos no corrientes  651.842 627.480 2.117.477 869.808 565.466 504.429 47.968 Activos corrientes   75.592 45.685 270.819 236.560 341.660 270.200 5.367 Efectivo y equivalentes  41.206 45.318 4.635 3.236 301.148 237.318 3.084 Total Activo  727.434 673.165 2.388.296 1.106.368 907.126 774.629 53.335 Pasivos no corrientes   559.042 563.316 978.748 701.745 603.540 466.462 27 Pasivos corrientes  38.198 42.160 260.360 68.582 50.268 56.442 7.295 Total Pasivo  597.240 605.476 1.239.108 770.327 653.808 522.904 7.322 Activos netos  130.194 67.690 1.149.188 336.041 253.318 251.725 46.013 Ingresos actividades  55.971 32.767 217.563 158.145 49.205 53.939 4 ordinarias Resultado bruto de  46.851 24.474 197.898 143.918 30.330 60.186 4 explotaci\u00f3n  Resultado neto de  30.785 10.136 183.993 142.819 8.937 33.899 4 explotaci\u00f3n  Resultado despu\u00e9s de 1.912 (8.503) 93.390 61.180 5.854 26.995 4 Impuestos Resultado Global  20.407 40.996 93.390 61.180 5.854 23.972 4 Dividendos recibidos por - - 309 780 - - - el Grupo (*) Sociedad incorporada a Redeia el 21 de diciembre de 2022. Al 31 de diciembre de 2022 y 2021 el Grupo tiene concedido un cr\u00e9dito a TEN cuyo saldo es de 13.913 y 12.338 miles de euros, respectivamente (v\u00e9ase nota 19). Por \u00faltimo, con respecto a la inversi\u00f3n en TEN, que se encuentra incluida en la UGE Transporte de energ\u00eda el\u00e9ctrica en Chile, el Grupo, ante la existencia de indicadores de deterioro surgidos en el ejercicio como consecuencia de la coyuntura macroecon\u00f3mica comentada en la Nota 5, se ha realizado un test de deterioro de los activos de dicha UGE para verificar su recuperabilidad (ver nota 7). Se ha obtenido un resultado donde el valor recuperable es superior al valor contable, concluyendo que no existe deterioro sobre los activos.Durante los ejercicios 2022 y 2021 el Grupo ha reconocido como consecuencia de las coberturas de flujos de efectivo realizadas los siguientes importes:     2022   2.021 Inversio- Inversio- nes con- nes con- Pasivos Pasivos tabiliza- tabiliza- Finan- Deriva- Finan- Deriva- das apli- das apli- cieros a dos de cieros a dos de cando el Total cando el Total coste Cober- coste Cober- m\u00e9todo m\u00e9todo amorti- tura (*) amorti- tura (*) de la par- de la par- zado zado ticipa- ticipa- ci\u00f3n ci\u00f3n (P\u00e9rdidas) / Ganancias en el Estado de Resultados 9.052 10.456 - 19.508 3.540 2.408 - 5.948 Consolidado (P\u00e9rdidas) / Ganancias en el Estado de Otro  63.929 405 9.369 73.703 12.503 (8.516) 23.938 27.925 Resultado Global Consolidado Total  72.981 10.861 9.369 93.211 16.043 (6.108) 23.938 33.873 (*) Corresponde a una cobertura de flujos de efectivo de una transacci\u00f3n prevista altamente probable.  C) Sociedades consolidadas por el M\u00e9todo de la Participaci\u00f3n Transmisora El\u00e9ctrica del Norte S.A. (TEN)   - Avenida Apoquindo N\u00b03721, piso 6, Las Condes, Santiago (Chile)  - 50%(e) - 50%(e) - Transporte de energ\u00eda el\u00e9ctrica y la operaci\u00f3n y mantenimiento de redes de Transmisi\u00f3n de electricidad. Argo Energ\u00eda Empreendimentos y Participa\u00e7\u00f5es S.A.   - Calle Tabapu\u00e3, 841 \u2013 5\u00ba andar \u2013 Itaim Bibi \u2013 S\u00e3o Paulo/SP (Brasil)  - 50% (i) (k) - 50% (i) (k) - Adquisici\u00f3n, tenencia, administraci\u00f3n, direcci\u00f3n y gesti\u00f3n de valores.             Argo Transmiss\u00e3o de Energia S.A. (Argo I)   - Calle Tabapu\u00e3, 841 \u2013 5\u00ba andar \u2013 Itaim Bibi \u2013 S\u00e3o Paulo/SP (Brasil)  - 50% (k) - 50% (k) - Transmisi\u00f3n de energ\u00eda el\u00e9ctrica y la operaci\u00f3n y mantenimiento de redes de Transmisi\u00f3n de electricidad. - Sociedad  2022  2021 1 1 - Domicilio  Porcentaje de participaci\u00f3n Porcentaje de participaci\u00f3n - Actividad principal  Directa Indirecta Directa Indirecta Argo II Transmiss\u00e3o de Energia S.A. (Argo II)   - Calle Tabapu\u00e3, 841 \u2013 5\u00ba andar \u2013 Itaim Bibi \u2013 S\u00e3o Paulo/SP (Brasil)  - 50% (k) - 50% (k) - Transmisi\u00f3n de energ\u00eda el\u00e9ctrica y la operaci\u00f3n y mantenimiento de redes de transmisi\u00f3n de electricidad. Argo III T Transmiss\u00e3o de Energia S.A. (Argo III)   - Calle Tabapu\u00e3, 841 \u2013 5\u00ba andar \u2013 Itaim Bibi \u2013 S\u00e3o Paulo/SP (Brasil)  - 50% (k) - 50% (k) - Transmisi\u00f3n de energ\u00eda el\u00e9ctrica y la operaci\u00f3n y mantenimiento de redes de transmisi\u00f3n de electricidad. Argo IV Transmiss\u00e3o de Energia S.A. (Argo IV)   - Calle Tabapu\u00e3, 841 \u2013 5\u00ba andar \u2013 Itaim Bibi \u2013 S\u00e3o Paulo/SP (Brasil)  - 50% (k) - 50% (k) - Transmisi\u00f3n de energ\u00eda el\u00e9ctrica y la operaci\u00f3n y mantenimiento de redes de Transmisi\u00f3n de electricidad. Argeb Energia Empreendimentos e Participa\u00e7\u00f5es S.A. (Argeb)   - Calle Tabapu\u00e3, 841 \u2013 5\u00ba andar \u2013 Itaim Bibi \u2013 S\u00e3o Paulo/SP (Brasil)  - 31,25% (k) - - - Adquisici\u00f3n, tenencia, administraci\u00f3n, direcci\u00f3n y gesti\u00f3n de valores.             Argo V Transmiss\u00e3o de Energia S.A. (Argo V)   - Calle Tabapu\u00e3, 841 \u2013 5\u00ba andar \u2013 Itaim Bibi \u2013 S\u00e3o Paulo/SP (Brasil)  - 31,25% (k) - - - Transmisi\u00f3n de energ\u00eda el\u00e9ctrica y la operaci\u00f3n y mantenimiento de redes de Transmisi\u00f3n de electricidad. Argo VI Transmiss\u00e3o de Energia S.A. (Argo VI)   - Calle Tabapu\u00e3, 841 \u2013 5\u00ba andar \u2013 Itaim Bibi \u2013 S\u00e3o Paulo/SP (Brasil)  - 31,25% (k) - - - Transmisi\u00f3n de energ\u00eda el\u00e9ctrica y la operaci\u00f3n y mantenimiento de redes de Transmisi\u00f3n de electricidad. Transmissora Jos\u00e9 Maria de Macedo de Eletricidade S.A. (Argo VII)   - Calle Tabapu\u00e3, 841 \u2013 5\u00ba andar \u2013 Itaim Bibi \u2013 S\u00e3o Paulo/SP (Brasil)  - 31,25% (k) - - - Transmisi\u00f3n de energ\u00eda el\u00e9ctrica y la operaci\u00f3n y mantenimiento de redes de transmisi\u00f3n de electricidad. Giovanni Sanguinetti Transmissora de Energia S.A.  (Argo VIII)   - Calle Tabapu\u00e3, 841 \u2013 5\u00ba andar \u2013 Itaim Bibi \u2013 S\u00e3o Paulo/SP (Brasil)  - 31,25% (k) - - - Transmisi\u00f3n de energ\u00eda el\u00e9ctrica y la operaci\u00f3n y mantenimiento de redes de transmisi\u00f3n de electricidad. Argo IX Transmiss\u00e3o de Energia S.A. (Argo IX)   - Calle Tabapu\u00e3, 841 \u2013 5\u00ba andar \u2013 Itaim Bibi \u2013 S\u00e3o Paulo/SP (Brasil)  - 31,25% (k) - - - Transmisi\u00f3n de energ\u00eda el\u00e9ctrica y la operaci\u00f3n y mantenimiento de redes de transmisi\u00f3n de electricidad. Hisdesat Servicios Estrat\u00e9gicos, S.A.   - Paseo de la Castellana 143, 28046 Madrid (Espa\u00f1a)  - 38,56%(g) - 38,56%(g) - Comercializaci\u00f3n de sistemas espaciales de aplicaci\u00f3n gubernamental.             Grupo de Navegaci\u00f3n Sistemas y Servicios, S.L.    - Calle Isaac Newton 1, Madrid (Espa\u00f1a)  - 12,82%(g) - 12,82%(g) - Explotaci\u00f3n de sistemas de sat\u00e9lites.             Axess Saudi Arabian Telecommunications Company    2870 Tariq Ibn Ziad - Qurtubah Dist. Unit No. 28, Al Khobar 34234 - 7097,  - 43,94%(g) (h) - - (Arabia Saud\u00ed) - Prestaci\u00f3n de Servicios de Telecomunicaciones.             Grupo Sylvestris, S.L.   Paseo de la Ermita del Santo 5, 28011 Madrid (Espa\u00f1a)  - 9,73%(g) - - - Reforestaci\u00f3n de terrenos.  - Sociedad  2022  2021 Porcentaje de Porcentaje de  - Domicilio (1) (1) participaci\u00f3n participaci\u00f3n - Actividad principal  Directa Indirecta Directa Indirecta 2 Zeleros Global, S.L. - Muelle de la aduana s/n, Edificio Lanzadera, 46024, Valencia. (Espa\u00f1a)  - - - 5,91%(l) - Investigaci\u00f3n y desarrollo de nuevas tecnolog\u00edas aplicadas al sector del transporte.             Okto Grid ApS   Gammel Kongevej 11, 5. 1610 K\u00f8benhavn V, (Dinamarca)  - 13,07%(l) - - - Soluciones de medici\u00f3n para la industria de energ\u00eda.             Nearby Computing, S.L.   - Travessera de Gr\u00e0cia 18, 3r, 3a, 08021 Barcelona. (Espa\u00f1a)  - 11,71%(l) - 11,71%(l) - Desarrollo de software y/o aplicaciones inform\u00e1ticas.   Hybrid Energy Storage Solutions, S.L.    - Av. Benjam\u00edn Franklin, 12, M\u00f3d. N\u00ba24, 46980 Paterna, Valencia. (Espa\u00f1a)  - 19,61%(l) - 19,61%(l) - Dise\u00f1o, producci\u00f3n y venta de soluciones tecnol\u00f3gicas de almacenamiento de energ\u00eda para la nueva generaci\u00f3n de redes el\u00e9ctricas.   Aerolaser System, S.L.    - Av. Jos\u00e9 Mesa y L\u00f3pez, 45, L. D4, 35010 Las Palmas de Gran Canaria. (Espa\u00f1a)  - 15,79%(l) - 15,79%(l) - Desarrollo y comercializaci\u00f3n de soluciones tecnol\u00f3gicas en el campo de la sens\u00f3- rica para tecnolog\u00eda geoespacial.   1 Equivalente a derechos de voto. 2 La sociedad ha salido del per\u00edmetro de consolidaci\u00f3n en 2022 (ver nota 2.g). (a) Participaci\u00f3n a trav\u00e9s de Red El\u00e9ctrica Internacional S.A.U. (b) Participaci\u00f3n a trav\u00e9s de Red El\u00e9ctrica de Espa\u00f1a S.A.U. (c) Participaci\u00f3n a trav\u00e9s de Red El\u00e9ctrica del Sur, S.A. (d) Participaci\u00f3n a trav\u00e9s de Red El\u00e9ctrica del Norte Per\u00fa, S.A.C. (e) Participaci\u00f3n a trav\u00e9s de Red El\u00e9ctrica Chile SpA. (f) Participaci\u00f3n a trav\u00e9s de Red El\u00e9ctrica Sistemas de Telecomunicaciones, S.A.U. (g)  Sociedad perteneciente al Subgrupo Hispasat cuya matriz es Hispasat, S.A. (h) Sociedad perteneciente al Subgrupo Axess cuya matriz es Axess Networks Solutions, S.L. (i) Participaci\u00f3n a trav\u00e9s de Red El\u00e9ctrica Brasil Holding Ltda. (j) Participaci\u00f3n a trav\u00e9s de Red El\u00e9ctrica del Sur, S.A. y Red El\u00e9ctrica Internacional S.A.U. (k)  Sociedad perteneciente al Subgrupo Argo cuya matriz es Argo Energ\u00eda Empreendimentos y Participa\u00e7\u00f5es. S.A. (l) Participaci\u00f3n a trav\u00e9s de Red El\u00e9ctrica y de Telecomunicaciones, Innovaci\u00f3n y Tecnolog\u00eda, S.A.U ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
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  },
  "fact-513": {
   "value": "12 Existencias  El detalle a 31 de diciembre de 2022 y 2021 del ep\u00edgrafe de Existencias del Estado de situaci\u00f3n financiera consolidado adjunto, es el siguiente:  Miles de euros 2022 2021 Existencias  74.757 63.175 Correcciones de valor  (33.436) (36.640) Total  41.321 26.535 Las Existencias recogen fundamentalmente los materiales y repuestos asociados a las instalaciones t\u00e9cnicas de energ\u00eda el\u00e9ctrica.  Las sociedades del Grupo realizan un an\u00e1lisis peri\u00f3dico para calcular las correcciones de valor asociadas a las existencias basado en las siguientes hip\u00f3tesis:     Deterioro por envejecimiento, donde se utilizan porcentajes atendiendo a la rotaci\u00f3n del stock.     Deterioro por exceso de stock, realizado sobre el consumo estimado en los pr\u00f3ximos a\u00f1os.  En 2022 como resultado de este an\u00e1lisis, el Grupo ha registrado una reversi\u00f3n de deterioro de valor en la Cuenta de resultados consolidada por importe de 3.204 miles de euros (deterioro de valor de 1.844 miles de euros en 2021). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInventoriesExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-563": {
   "value": "En 2022 como resultado de este an\u00e1lisis, el Grupo ha registrado una reversi\u00f3n de deterioro de valor en la Cuenta de resultados consolidada por importe de 3.204 miles de euros (deterioro de valor de 1.844 miles de euros en 2021).  ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfImpairmentLossAndReversalOfImpairmentLossExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-514": {
   "value": "13 Deudores comerciales y otras cuentas a cobrar El detalle a 31 de diciembre de 2022 y 2021 del ep\u00edgrafe Deudores comerciales y otras cuentas a cobrar del Estado de situaci\u00f3n financiera consolidado adjunto es el siguiente:  Miles de euros 2022 2021 Clientes por ventas y prestaciones de servicios  75.081 59.709 Otros deudores  1.101.079 1.193.686 Activos por impuestos corrientes (nota 22)  182.497 7.561 Total  1.358.657 1.260.956 Clientes por ventas y prestaciones de servicios recoge principalmente los saldos pendientes de cobro por el arrendamiento y prestaci\u00f3n de servicios de capacidad satelital. Asimismo, se recogen activos por contrato con clientes por importe de 3.362 miles de euros a 31 de diciembre de 2022 (4.904 miles de euros a 31 de diciembre de 2021).   Otros deudores recogen fundamentalmente los ingresos pendientes de facturaci\u00f3n y/o cobros derivados de las actividades reguladas de transporte y operaci\u00f3n del sistema. Conforme al sistema de liquidaci\u00f3n estable- cido por el Regulador en Espa\u00f1a parte de los cobros se liquidan y cobran en el a\u00f1o siguiente. Asimismo, estos importes recogen adicionalmente los ingresos pendientes de cobro derivados de la aplicaci\u00f3n de la metodolog\u00eda recogida en el modelo retributivo en vigor para la actividad de transporte en Espa\u00f1a, que esta- blece que las puestas en servicio del a\u00f1o \u201cn\u201d comiencen a percibir ingresos a partir del a\u00f1o \u201cn+2\u201d y cuyo importe asciende a 629 millones de euros a 31 de diciembre de 2022. Activos por impuestos corrientes recoge principalmente el saldo pendiente de cobro por parte de la Adminis- traci\u00f3n Tributaria espa\u00f1ola en relaci\u00f3n con el pago a cuenta del Impuesto sobre Sociedades del ejercicio 2022.  Las estimaciones a valor razonable se han realizado reflejando las hip\u00f3tesis de los participantes del mercado en base a la informaci\u00f3n disponible y las condiciones del mercado a la fecha de estimaci\u00f3n, que incorporan en su caso las primas de riesgo asociadas a la coyuntura macroecon\u00f3mica actual. No existe diferencia sig- nificativa entre el valor razonable y el valor neto contable de este ep\u00edgrafe a 31 de diciembre de 2022 y 2021.  No exist\u00edan a 31 de diciembre de 2022 y  2021 importes vencidos significativos superiores a doce meses (v\u00e9ase nota 19).   Durante el ejercicio 2022 se ha registrado una reversi\u00f3n del gasto por deterioro por importe de 2.758 miles de euros (dotaci\u00f3n de deterioro de 634 miles de euros en el ejercicio 2021). El deterioro de deudores comer- ciales y otras cuentas a cobrar en base a la p\u00e9rdida esperada acumulado a 31 de diciembre de 2022 es de 2.924 miles de euros (1.947 miles de euros en 2021). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-564": {
   "value": "El detalle a 31 de diciembre de 2022 y 2021 del ep\u00edgrafe Deudores comerciales y otras cuentas a cobrar del Estado de situaci\u00f3n financiera consolidado adjunto es el siguiente:  Miles de euros 2022 2021 Clientes por ventas y prestaciones de servicios  75.081 59.709 Otros deudores  1.101.079 1.193.686 Activos por impuestos corrientes (nota 22)  182.497 7.561 Total  1.358.657 1.260.956 El detalle de este ep\u00edgrafe del Estado de situaci\u00f3n financiera consolidado a 31 de diciembre de 2022 y 2021 es como sigue:  Miles de euros 2022 2021 Proveedores  485.624 382.309 Otros acreedores  661.232 409.459 Pasivo por impuesto corriente (nota 22)  13.320 10.887 Total  1.160.176 802.655 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTaxReceivablesAndPayablesExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-566": {
   "value": "Durante el ejercicio 2022 se ha registrado una reversi\u00f3n del gasto por deterioro por importe de 2.758 miles de euros (dotaci\u00f3n de deterioro de 634 miles de euros en el ejercicio 2021). El deterioro de deudores comer- ciales y otras cuentas a cobrar en base a la p\u00e9rdida esperada acumulado a 31 de diciembre de 2022 es de 2.924 miles de euros (1.947 miles de euros en 2021).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAllowanceForCreditLossesExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-515": {
   "value": "14<span class=\"ff3\"> <span class=\"_ _bf\"></span><span class=\"ff7\">Pa<span class=\"_ _1\"></span>trimonio ne<span class=\"_ _1\"></span>to  </span></span>a) <span class=\"_ _c7\"> </span>Gesti\u00f3n del riesgo de ca<span class=\"_ _0\"></span>pital <span class=\"ff3 fc1\"> </span>Los <span class=\"_ _1\"></span>objetivos del Grupo en <span class=\"_ _1\"></span>relaci\u00f3n con <span class=\"_ _1\"></span>la gesti\u00f3n del <span class=\"_ _1\"></span>capital de <span class=\"_ _1\"></span>sus empresas son <span class=\"_ _1\"></span>el salvaguardar la <span class=\"_ _1\"></span>capa-<span class=\"_ _29d\"> </span>cidad <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>las <span class=\"_ _c8\"></span>mismas <span class=\"_ _c4\"></span>para <span class=\"_ _c8\"></span>continuar <span class=\"_ _c8\"></span>con <span class=\"_ _c4\"></span>el <span class=\"_ _c8\"></span>\u201cprincipio <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>gesti\u00f3n <span class=\"_ _c4\"></span>continuada\u201d, <span class=\"_ _c4\"></span>para <span class=\"_ _c8\"></span>procurar <span class=\"_ _c4\"></span>un <span class=\"_ _c8\"></span>rendimiento para los accionistas <span class=\"_ _0\"></span>y para mantener una es<span class=\"_ _0\"></span>tructura \u00f3ptima de capital y <span class=\"_ _0\"></span>reducir su coste.  Para pode<span class=\"_ _0\"></span>r mantener o<span class=\"_ _0\"></span> ajustar<span class=\"_ _0\"></span> la es<span class=\"_ _0\"></span>tructura de<span class=\"_ _0\"></span> capital, el<span class=\"_ _0\"></span> Grupo p<span class=\"_ _0\"></span>odr\u00eda ajustar <span class=\"_ _0\"></span>el importe<span class=\"_ _0\"></span> de l<span class=\"_ _0\"></span>os divi<span class=\"_ _0\"></span>dendos a pagar a los accionis<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>as,<span class=\"_ _0\"></span> reembolsar capital a los a<span class=\"_ _0\"></span>ccionistas o emitir nueva<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>acciones.<span class=\"_ _0\"></span>  El <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>hace <span class=\"_ _0\"></span>seguimien<span class=\"_ _0\"></span>to del <span class=\"_ _0\"></span>capital <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>acu<span class=\"_ _0\"></span>erdo <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>ratio de<span class=\"_ _0\"></span> a<span class=\"_ _0\"></span>palancamiento, <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>l\u00ednea <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>pr\u00e1ctica<span class=\"_ _0\"></span> de<span class=\"_ _0\"></span>l sector. <span class=\"_ _1\"></span>Este ra<span class=\"_ _1\"></span>tio <span class=\"_ _1\"></span>se calcula <span class=\"_ _1\"></span>como <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>Deuda financiera <span class=\"_ _c4\"></span>neta<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>dividid<span class=\"_ _0\"></span>a <span class=\"_ _c4\"></span>entre el <span class=\"_ _1\"></span>Patrimonio <span class=\"_ _1\"></span>neto <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>Grupo m<span class=\"_ _1\"></span>\u00e1s<span class=\"_ _0\"></span> la Deuda financiera<span class=\"_ _0\"></span> neta. La Deuda financiera<span class=\"_ _0\"></span> neta se calcula de la siguie<span class=\"_ _0\"></span>nte manera:  Miles de euros <span class=\"_ _41\"> </span>202<span class=\"_ _1\"></span>2 <span class=\"_ _11d\"> </span>2021 Deudas a largo plazo <span class=\"fc0\">(*)</span> <span class=\"_ _38\"> </span>5.<span class=\"_ _1\"></span>491.124 5.896.053 Deudas a corto plazo <span class=\"fc0\">(*)</span> <span class=\"_ _9e\"> </span>681.007 1.341.053 Derivados de tipo de cambio <span class=\"_ _11e\"> </span>(28.459)<span class=\"_ _29d\"> </span>(14.800)<span class=\"_ _29d\"> </span>Inversiones en el mercado monetario a<span class=\"_ _1\"></span> corto plazo (**) <span class=\"_ _11f\"> </span>(715.000)<span class=\"_ _29d\"> </span>- Efectivo y equivalentes <span class=\"_ _55\"> </span>(794.824)<span class=\"_ _29d\"> </span>(1.574.427)<span class=\"_ _29d\"> </span>Deuda financiera neta <span class=\"_ _120\"> </span>4.633.848 5.647.879 Patrimonio Neto <span class=\"_ _121\"> </span>4.894.276 3.685.131 Ratio de apalancamiento <span class=\"_ _10c\"> </span>48,6%<span class=\"_ _29d\"> </span>60,5%<span class=\"_ _29d\"> </span>(*) Se ha excluido tan<span class=\"_ _0\"></span>to en 2022 como en<span class=\"_ _0\"></span> 2021 los intereses pendie<span class=\"_ _0\"></span>ntes de pago. (**) Se <span class=\"_ _0\"></span>trata de<span class=\"_ _0\"></span> dep\u00f3sito<span class=\"_ _0\"></span>s a plazo<span class=\"_ _0\"></span> y ac<span class=\"_ _0\"></span>tivos financiero<span class=\"_ _0\"></span>s an\u00e1logo<span class=\"_ _0\"></span>s registrados<span class=\"_ _0\"></span> en el <span class=\"_ _0\"></span>ep\u00edgrafe de<span class=\"_ _0\"></span> \u2018Otros<span class=\"_ _0\"></span> activos <span class=\"_ _0\"></span>financieros corrie<span class=\"_ _0\"></span>ntes\u2019 a<span class=\"_ _0\"></span> coste <span class=\"_ _0\"></span>amortizado<span class=\"_ _0\"></span> que no cumplen <span class=\"_ _0\"></span>con los criterios contable<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>de cla<span class=\"_ _0\"></span>sificaci\u00f3n como \u2018Efectivo y equi<span class=\"_ _0\"></span>valentes\u2019 pero cuya n<span class=\"_ _0\"></span>aturaleza es id\u00e9ntica a esta<span class=\"_ _0\"></span>. A <span class=\"_ _1\"></span>31 de <span class=\"_ _1\"></span>diciembre <span class=\"_ _1\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>2022 <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>2021, se cum<span class=\"_ _1\"></span>plen los <span class=\"_ _1\"></span>covenants financieros recogidos en <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>contrato<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>suscri-<span class=\"_ _29d\"> </span>tos.   Con <span class=\"_ _0\"></span>fecha <span class=\"_ _bf\"></span>26 de <span class=\"_ _bf\"></span>abril <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>2022,<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>la <span class=\"_ _bf\"></span>agencia <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>calificaci\u00f3n <span class=\"_ _bf\"></span>crediticia <span class=\"_ _0\"></span>Standard <span class=\"_ _bf\"></span>&amp; Po<span class=\"_ _0\"></span>or\u2019s <span class=\"_ _0\"></span>emiti\u00f3 <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>nue<span class=\"_ _0\"></span>vo <span class=\"_ _0\"></span>informe sobre <span class=\"_ _c5\"></span>la <span class=\"_ _c8\"></span>Sociedad <span class=\"_ _c2\"></span>manteniendo <span class=\"_ _c8\"></span>e<span class=\"_ _1\"></span>l <span class=\"_ _c2\"></span>nivel <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>ratin<span class=\"_ _0\"></span>g <span class=\"_ _c5\"></span>a <span class=\"_ _c2\"></span>largo <span class=\"_ _c2\"></span>plazo <span class=\"_ _c5\"></span>en<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>\u201cA-\u201c <span class=\"_ _c2\"></span>y <span class=\"_ _c5\"></span>a <span class=\"_ _c2\"></span>corto <span class=\"_ _c2\"></span>plazo <span class=\"_ _c2\"></span>en <span class=\"_ _c5\"></span>\u201cA-2\u201d, <span class=\"_ _c2\"></span>con <span class=\"_ _c2\"></span>una perspectiva estable<span class=\"_ _0\"></span>.   Con fecha <span class=\"_ _c4\"></span>14 de <span class=\"_ _c4\"></span>octubre<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>2022, <span class=\"_ _1\"></span>la agencia <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>calificaci\u00f3n crediticia <span class=\"_ _1\"></span>Fitch Ratings <span class=\"_ _1\"></span>otorgo <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>rating a <span class=\"_ _1\"></span>corto plazo <span class=\"_ _1\"></span>a <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>Sociedad <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>\u2018F1\u2019 <span class=\"_ _1\"></span>con <span class=\"_ _c4\"></span>perspectiva <span class=\"_ _1\"></span>estable. <span class=\"_ _1\"></span>Tr<span class=\"_ _1\"></span>as <span class=\"_ _1\"></span>este <span class=\"_ _c4\"></span>anuncio <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>Sociedad <span class=\"_ _c4\"></span>y <span class=\"_ _c4\"></span>su <span class=\"_ _1\"></span>filial <span class=\"_ _1\"></span>Red <span class=\"_ _c4\"></span>El\u00e9ctrica de <span class=\"_ _0\"></span>Espa\u00f1a, S.A.U.<span class=\"_ _0\"></span> mantienen <span class=\"_ _0\"></span>un niv<span class=\"_ _0\"></span>el de <span class=\"_ _0\"></span>rating <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>largo plazo <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>\u2018A-\u2019 y <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>sit\u00faan <span class=\"_ _0\"></span>a corto <span class=\"_ _0\"></span>plazo <span class=\"_ _0\"></span>en \u2018F1\u2019 <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>una perspectiva estable<span class=\"_ _0\"></span>.<span class=\"_ _29d\"> </span>b) <span class=\"_ _ca\"> </span>Patrimonio neto atribu<span class=\"_ _0\"></span>ido a la Sociedad domi<span class=\"_ _0\"></span>nante<span class=\"ff3 fc1\"> </span>  <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Fondos pr<span class=\"_ _1\"></span>opios<span class=\"_ _0\"></span>  </span></span>o<span class=\"ff5\"> <span class=\"_ _d0\"> </span><span class=\"ff3 fc1\">Capital social  </span></span>A 31 de diciemb<span class=\"_ _0\"></span>re de 2022 y<span class=\"_ _0\"></span> de 2021 el Capital <span class=\"_ _0\"></span>social de la<span class=\"_ _0\"></span> Sociedad est\u00e1 represen<span class=\"_ _0\"></span>tado por 541.08<span class=\"_ _0\"></span>0.<span class=\"_ _1\"></span>000 acciones representadas<span class=\"_ _0\"></span> mediante anotaciones en cuenta, totalmente<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>suscrita<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>y desembolsada<span class=\"_ _0\"></span>s, con los mismos derecho<span class=\"_ _0\"></span>s pol\u00edtico<span class=\"_ _0\"></span>s y econ\u00f3<span class=\"_ _0\"></span>micos (sin p<span class=\"_ _0\"></span>erjuicio de los<span class=\"_ _0\"></span> l\u00edmites e<span class=\"_ _0\"></span>stablecidos <span class=\"_ _0\"></span>en el p\u00e1rrafo<span class=\"_ _0\"></span> siguie<span class=\"_ _0\"></span>nte), y con valor nominal de cincuenta c\u00e9n<span class=\"_ _0\"></span>timos de euro cada una, admitidas a cotizaci\u00f3n en las cuatro B<span class=\"_ _0\"></span>olsas espa\u00f1olas en el Sis<span class=\"_ _0\"></span>tema de Interconexi\u00f3n Burs\u00e1<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>i<span class=\"_ _0\"></span>l Espa\u00f1ol (SIBE).<span class=\"_ _29d\"> </span>La <span class=\"_ _1\"></span>Sociedad, est\u00e1 sujeta <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>l\u00edmites accionariales establecidos en <span class=\"_ _1\"></span>la disposici\u00f3n adicional <span class=\"_ _1\"></span>vig\u00e9sima ter-<span class=\"_ _29d\"> </span>cera de <span class=\"_ _0\"></span>la Ley 5<span class=\"_ _0\"></span>4/1997, <span class=\"_ _0\"></span>de 27 de<span class=\"_ _0\"></span> noviembre <span class=\"_ _0\"></span>y en<span class=\"_ _0\"></span> el art\u00edculo <span class=\"_ _0\"></span>30 de la<span class=\"_ _0\"></span> Ley<span class=\"_ _0\"></span> 24/2013, de<span class=\"_ _0\"></span> 26 de<span class=\"_ _0\"></span> diciembre, <span class=\"_ _0\"></span>del Sector El\u00e9ctrico. <span class=\"_ _0\"></span>  De <span class=\"_ _0\"></span>acuerdo <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>estas <span class=\"_ _0\"></span>dis<span class=\"_ _0\"></span>posiciones, <span class=\"_ _0\"></span>cualquier <span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>sona f\u00edsica<span class=\"_ _0\"></span> o <span class=\"_ _bf\"></span>j<span class=\"_ _1\"></span>ur\u00eddica <span class=\"_ _0\"></span>podr\u00e1<span class=\"_ _0\"></span> partic<span class=\"_ _0\"></span>ipar e<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>el a<span class=\"_ _0\"></span>ccionariado de la S<span class=\"_ _0\"></span>ociedad, siemp<span class=\"_ _0\"></span>re que la<span class=\"_ _0\"></span> suma de <span class=\"_ _0\"></span>su part<span class=\"_ _0\"></span>icipaci\u00f3n directa <span class=\"_ _0\"></span>o indirecta<span class=\"_ _0\"></span> en el <span class=\"_ _0\"></span>capital de <span class=\"_ _0\"></span>esta Soc<span class=\"_ _0\"></span>iedad no <span class=\"_ _c2\"></span>supere <span class=\"_ _c8\"></span>el <span class=\"_ _c5\"></span>5% <span class=\"_ _c8\"></span>del <span class=\"_ _c2\"></span>Capital <span class=\"_ _c8\"></span>social, <span class=\"_ _c2\"></span>ni <span class=\"_ _c5\"></span>e<span class=\"_ _0\"></span>jerza <span class=\"_ _c2\"></span>derechos <span class=\"_ _c2\"></span>pol\u00edticos <span class=\"_ _c8\"></span>por <span class=\"_ _c2\"></span>encima <span class=\"_ _c2\"></span>del <span class=\"_ _c2\"></span>3%. <span class=\"_ _c2\"></span>Estas <span class=\"_ _c2\"></span>acciones <span class=\"_ _c8\"></span>no podr\u00e1n sindicarse a ning\u00fa<span class=\"_ _0\"></span>n efect<span class=\"_ _1\"></span>o. En el caso de sujeto<span class=\"_ _0\"></span>s que realicen actividades en el Sector El\u00e9ctrico y<span class=\"_ _0\"></span> aquellas <span class=\"_ _c8\"></span>personas <span class=\"_ _c8\"></span>f\u00edsicas <span class=\"_ _c8\"></span>o <span class=\"_ _c8\"></span>jur\u00eddicas <span class=\"_ _c8\"></span>que, <span class=\"_ _c8\"></span>directa <span class=\"_ _c8\"></span>o <span class=\"_ _c2\"></span>indirectamen<span class=\"_ _0\"></span>te <span class=\"_ _c2\"></span>participen <span class=\"_ _c8\"></span>en <span class=\"_ _c8\"></span>el <span class=\"_ _c8\"></span>capital <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>\u00e9stos <span class=\"_ _c8\"></span>con una cuota superior al 5%, no podr\u00e1n ejercer derechos pol\u00edticos en la Sociedad matriz por encima del 1%, sin perjuicio de las limitacio<span class=\"_ _0\"></span>nes establecidas en el art\u00edculo 30 de la citada Ley 24/2013<span class=\"_ _0\"></span>, <span class=\"_ _1\"></span>para gener<span class=\"_ _0\"></span>adores y comercializ<span class=\"_ _0\"></span>adores. Los <span class=\"_ _0\"></span>l\u00edmites de particip<span class=\"_ _0\"></span>aci\u00f3n en <span class=\"_ _0\"></span>el capital d<span class=\"_ _0\"></span>e la Socied<span class=\"_ _0\"></span>ad matriz no<span class=\"_ _0\"></span> aplican a <span class=\"_ _0\"></span>la Socie<span class=\"_ _0\"></span>-<span class=\"_ _29d\"> </span>dad <span class=\"_ _1\"></span>Estatal <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>Participacio<span class=\"_ _0\"></span>nes <span class=\"_ _1\"></span>Industriales <span class=\"_ _1\"></span>(SEPI) <span class=\"_ _1\"></span>que mantendr\u00e1, <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>todo <span class=\"_ _1\"></span>caso, una <span class=\"_ _1\"></span>participaci\u00f3n no <span class=\"_ _c4\"></span>in-<span class=\"_ _29d\"> </span>ferior <span class=\"_ _c2\"></span>al <span class=\"_ _c2\"></span>10%. <span class=\"_ _c8\"></span>A <span class=\"_ _c2\"></span>31 <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>diciembre <span class=\"_ _c2\"></span>de <span class=\"_ _c8\"></span>2022 <span class=\"_ _c2\"></span>y <span class=\"_ _c2\"></span>2021, <span class=\"_ _c2\"></span>SEPI <span class=\"_ _c8\"></span>posee <span class=\"_ _c2\"></span>una <span class=\"_ _c2\"></span>participaci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _c5\"></span>del <span class=\"_ _c8\"></span>20% <span class=\"_ _c2\"></span>en <span class=\"_ _c8\"></span>el <span class=\"_ _c2\"></span>Capital social de la Sociedad<span class=\"_ _0\"></span>.  o<span class=\"ff5\"> <span class=\"_ _d0\"> </span><span class=\"ff3 fc1\">Reservas  </span></span>Este ep\u00edgrafe recoge:<span class=\"_ _0\"></span>   <span class=\"ff5 sc0\"> <span class=\"_ _d2\"> </span><span class=\"ff3 fc1\">Reserva legal  </span></span>Las <span class=\"_ _c4\"></span>sociedades <span class=\"_ _c4\"></span>espa\u00f1ola<span class=\"_ _0\"></span>s <span class=\"_ _c8\"></span>est\u00e1n <span class=\"_ _c4\"></span>obligadas <span class=\"_ _1\"></span>a <span class=\"_ _c8\"></span>destinar <span class=\"_ _c4\"></span>el <span class=\"_ _c4\"></span>10% <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>los <span class=\"_ _c4\"></span>beneficios <span class=\"_ _1\"></span>de <span class=\"_ _c8\"></span>cada <span class=\"_ _1\"></span>ejercicio <span class=\"_ _c4\"></span>a <span class=\"_ _c4\"></span>la constituci\u00f3n de <span class=\"_ _1\"></span>un fondo <span class=\"_ _1\"></span>de reserva <span class=\"_ _1\"></span>hasta que <span class=\"_ _1\"></span>este alcance, al <span class=\"_ _1\"></span>menos, <span class=\"_ _1\"></span>el 20% <span class=\"_ _1\"></span>del Capital <span class=\"_ _1\"></span>social. Esta reserva <span class=\"_ _c5\"></span>no <span class=\"_ _c5\"></span>es <span class=\"_ _c5\"></span>distribuible<span class=\"_ _0\"></span> <span class=\"_ _c5\"> </span>a <span class=\"_ _c5\"> </span>los <span class=\"_ _c0\"> </span>accionista<span class=\"_ _0\"></span>s, <span class=\"_ _c5\"></span>mientras <span class=\"_ _c5\"></span>no <span class=\"_ _c5\"></span>supere <span class=\"_ _c5\"></span>el <span class=\"_ _c5\"></span>l\u00edmite <span class=\"_ _c5\"></span>indic<span class=\"_ _0\"></span>ado, <span class=\"_ _c5\"> </span>y <span class=\"_ _c5\"> </span>s\u00f3lo <span class=\"_ _c5\"> </span>podr\u00e1 <span class=\"_ _c5\"> </span>ser utilizada <span class=\"_ _0\"></span>para <span class=\"_ _0\"></span>cubrir, <span class=\"_ _0\"></span>en e<span class=\"_ _0\"></span>l caso<span class=\"_ _0\"></span> de <span class=\"_ _0\"></span>no <span class=\"_ _0\"></span>tener <span class=\"_ _0\"></span>otras <span class=\"_ _0\"></span>reservas<span class=\"_ _0\"></span> disponib<span class=\"_ _0\"></span>les, el <span class=\"_ _0\"></span>sald<span class=\"_ _0\"></span>o deudor <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>Cuenta <span class=\"_ _0\"></span>de resultados. Tambi\u00e9n<span class=\"_ _0\"></span>, bajo determinadas condic<span class=\"_ _0\"></span>iones se podr\u00e1 destinar a i<span class=\"_ _0\"></span>ncrementar el Capital socia<span class=\"_ _0\"></span>l. A <span class=\"_ _0\"></span>31 de <span class=\"_ _0\"></span>diciembre<span class=\"_ _0\"></span> de<span class=\"_ _0\"></span> 202<span class=\"_ _0\"></span>2 y<span class=\"_ _0\"></span> de <span class=\"_ _0\"></span>2021 <span class=\"_ _0\"></span>la Re<span class=\"_ _0\"></span>serva <span class=\"_ _0\"></span>legal <span class=\"_ _0\"></span>alcanza <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>sociedad <span class=\"_ _0\"></span>matriz el<span class=\"_ _0\"></span> 20%<span class=\"_ _0\"></span> del <span class=\"_ _0\"></span>Capita<span class=\"_ _0\"></span>l social (54.199 miles de<span class=\"_ _0\"></span> euros).   <span class=\"ff5 sc0\"> <span class=\"_ _d2\"> </span><span class=\"ff3 fc1\">Otras reservas  </span></span>Este <span class=\"_ _1\"></span>concepto <span class=\"_ _1\"></span>incorpora <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>Reservas <span class=\"_ _1\"></span>voluntarias <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>Sociedad <span class=\"_ _1\"></span>matriz, <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>Reservas <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>sociedades consolidad<span class=\"_ _0\"></span>as y <span class=\"_ _1\"></span>las Rese<span class=\"_ _0\"></span>rvas de primera aplicaci\u00f3<span class=\"_ _0\"></span>n. A 31 de diciembre<span class=\"_ _0\"></span> de 2022 ascienden a 3.640.<span class=\"_ _0\"></span>830 miles de euros (2.570<span class=\"_ _0\"></span>.603 miles de euros en 20<span class=\"_ _0\"></span>21).   Como <span class=\"_ _c5\"></span>con<span class=\"_ _0\"></span>secuencia <span class=\"_ _c5\"></span>de <span class=\"_ _c8\"></span>la <span class=\"_ _c5\"> </span>tr<span class=\"_ _1\"></span>ansmisi\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _c5\"></span>de <span class=\"_ _c5\"></span>un <span class=\"_ _c2\"></span>49% <span class=\"_ _c5\"></span>de <span class=\"_ _c2\"></span>la <span class=\"_ _c5\"></span>participa<span class=\"_ _0\"></span>ci\u00f3n <span class=\"_ _c5\"></span>de <span class=\"_ _c2\"></span>Reintel <span class=\"_ _c5\"></span>(ver <span class=\"_ _c2\"></span>nota <span class=\"_ _c5\"></span>2.g) <span class=\"_ _c2\"></span>esta partida <span class=\"_ _c2\"></span>ha <span class=\"_ _c2\"></span>aumentado <span class=\"_ _c2\"></span>en <span class=\"_ _c8\"></span>920.760 <span class=\"_ _c5\"></span>miles <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>eur<span class=\"_ _1\"></span>os <span class=\"_ _c8\"></span>obt<span class=\"_ _1\"></span>enidos <span class=\"_ _c8\"></span>como <span class=\"_ _c2\"></span>resultado <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>la <span class=\"_ _c2\"></span>plusval\u00eda <span class=\"_ _c2\"></span>neta <span class=\"_ _c2\"></span>de impuestos de la ope<span class=\"_ _0\"></span>raci\u00f3n.  Adiciona<span class=\"_ _0\"></span>lmente, <span class=\"_ _c2\"></span>este <span class=\"_ _c2\"></span>ep\u00edgrafe <span class=\"_ _c8\"></span>incluye <span class=\"_ _c8\"></span>reser<span class=\"_ _1\"></span>vas <span class=\"_ _c8\"></span>procedentes <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>disposiciones <span class=\"_ _c8\"></span>legales <span class=\"_ _c8\"></span>por <span class=\"_ _c2\"></span>importe <span class=\"_ _c8\"></span>de 369.457 miles de euros<span class=\"_ _0\"></span> (364.909 miles de eu<span class=\"_ _0\"></span>ros en 2021), destacando<span class=\"_ _0\"></span> las siguientes:   <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">La <span class=\"_ _c4\"></span>Reserva <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>revalorizaci\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>activos <span class=\"_ _c4\"></span>materiales <span class=\"_ _1\"></span>generada <span class=\"_ _c4\"></span>en <span class=\"_ _c4\"></span>1996 <span class=\"_ _c4\"></span>en <span class=\"_ _c4\"></span>la <span class=\"_ _c8\"></span>Sociedad<span class=\"_ _0\"></span> <span class=\"_ _c8\"></span>matriz <span class=\"_ _c4\"></span>por </span></span>importe de 247.022 <span class=\"_ _0\"></span>miles de euros. Esta reserva <span class=\"_ _0\"></span>podr\u00e1 destinarse, sin est<span class=\"_ _0\"></span>ar sujeta a tributaci\u00f3n, a<span class=\"_ _0\"></span> la <span class=\"_ _0\"></span>eliminaci\u00f3n <span class=\"_ _0\"></span>de resultad<span class=\"_ _0\"></span>os contables<span class=\"_ _0\"></span> negativos<span class=\"_ _0\"></span>, a <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>ampliaci\u00f3n <span class=\"_ _0\"></span>del C<span class=\"_ _0\"></span>apital socia<span class=\"_ _0\"></span>l o, <span class=\"_ _0\"></span>transcurridos<span class=\"_ _0\"></span> 10 <span class=\"_ _c8\"></span>a\u00f1os <span class=\"_ _c8\"></span>desde <span class=\"_ _c4\"></span>su <span class=\"_ _c8\"></span>creaci\u00f3n, <span class=\"_ _c8\"></span>a <span class=\"_ _c4\"></span>reservas <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>libre <span class=\"_ _c8\"></span>disposici<span class=\"_ _0\"></span>\u00f3n, <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>acuerdo <span class=\"_ _c8\"></span>con <span class=\"_ _c8\"></span>lo <span class=\"_ _c8\"></span>establecido <span class=\"_ _c4\"></span>en <span class=\"_ _c8\"></span>el Real Decreto-Ley 2607/1996. No obstante, s\u00f3lo podr\u00e1 ser objeto de distribuci\u00f3n, directa o indirec-<span class=\"_ _29d\"> </span>tamente, <span class=\"_ _c8\"></span>cuando <span class=\"_ _c8\"></span>los <span class=\"_ _c2\"></span>elementos <span class=\"_ _c4\"></span>patrimoniales <span class=\"_ _c8\"></span>actualizados <span class=\"_ _c8\"></span>est\u00e9n <span class=\"_ _c2\"></span>totalmente <span class=\"_ _c8\"></span>amortizados, <span class=\"_ _c8\"></span>hayan sido transmitidos<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>o dado<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>de baja en el b<span class=\"_ _0\"></span>alance.   <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\"> El <span class=\"_ _1\"></span>Grupo <span class=\"_ _c4\"></span>Fiscal, <span class=\"_ _1\"></span>del <span class=\"_ _c4\"></span>cual <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>Sociedad <span class=\"_ _c4\"></span>es <span class=\"_ _1\"></span>cabecera, <span class=\"_ _1\"></span>y <span class=\"_ _c4\"></span>en <span class=\"_ _1\"></span>virtud <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>lo <span class=\"_ _c4\"></span>estab<span class=\"_ _0\"></span>lecido <span class=\"_ _c4\"></span>en <span class=\"_ _c4\"></span>el <span class=\"_ _1\"></span>art\u00edculo <span class=\"_ _1\"></span>25 </span></span>de <span class=\"_ _c8\"></span>la <span class=\"_ _c8\"></span>Ley <span class=\"_ _c8\"></span>27/2014, <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>27 <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>noviembre, <span class=\"_ _c8\"></span>recoge <span class=\"_ _c4\"></span>la <span class=\"_ _c8\"></span>Reserva <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>capitalizaci\u00f3n, <span class=\"_ _c4\"></span>en <span class=\"_ _c2\"></span>las <span class=\"_ _c8\"></span>sociedades<span class=\"_ _29d\"> </span><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.013244629px; bottom:150.77075px;\">Red <span class=\"_ _0\"></span>El\u00e9ctrica <span class=\"_ _0\"></span>y Re<span class=\"_ _0\"></span>d El\u00e9<span class=\"_ _0\"></span>ctrica Corpo<span class=\"_ _0\"></span>raci\u00f3n, S<span class=\"_ _0\"></span>.A. de<span class=\"_ _0\"></span> acuerd<span class=\"_ _0\"></span>o con<span class=\"_ _0\"></span> el <span class=\"_ _0\"></span>art\u00edculo <span class=\"_ _0\"></span>62.1 <span class=\"_ _0\"></span>d) <span class=\"_ _0\"></span>de l<span class=\"_ _0\"></span>a ci<span class=\"_ _0\"></span>tada Le<span class=\"_ _0\"></span>y, </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.013244629px; bottom:134.39075px;\">por <span class=\"_ _c4\"></span>importe <span class=\"_ _c4\"></span>total <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>104.910 <span class=\"_ _c4\"></span>miles <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>euros, <span class=\"_ _c4\"></span>correspond<span class=\"_ _0\"></span>iente <span class=\"_ _c4\"></span>a <span class=\"_ _c8\"></span>los <span class=\"_ _c4\"></span>ejercicios <span class=\"_ _1\"></span>2015 <span class=\"_ _c8\"></span>(29.110 <span class=\"_ _1\"></span>miles </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.013244629px; bottom:117.8548px;\">de <span class=\"_ _c2\"></span>euros), <span class=\"_ _c2\"></span>2016 <span class=\"_ _c5\"></span>(15.406<span class=\"_ _0\"></span> <span class=\"_ _c2\"></span>m<span class=\"_ _1\"></span>iles <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>euros), <span class=\"_ _c2\"></span>2017 <span class=\"_ _c2\"></span>(11.312 <span class=\"_ _c2\"></span>m<span class=\"_ _1\"></span>iles <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>euros), <span class=\"_ _c2\"></span>2018 <span class=\"_ _c2\"></span>(16.707 <span class=\"_ _c2\"></span>miles <span class=\"_ _c5\"></span>de<span class=\"_ _0\"></span> </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.013244629px; bottom:101.47479px;\">euros), 2019 (19.668 <span class=\"_ _1\"></span>miles de euros), <span class=\"_ _1\"></span>2020 (8.160 miles de eur<span class=\"_ _1\"></span>os) y <span class=\"_ _1\"></span>2021 (4.548 miles de <span class=\"_ _1\"></span>euros).<span class=\"_ _0\"></span> </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.013244629px; bottom:84.93878px;\">Dicha <span class=\"_ _0\"></span>reserva<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>ser\u00e1 <span class=\"_ _0\"></span>indisp<span class=\"_ _0\"></span>onible <span class=\"_ _bf\"></span>durant<span class=\"_ _1\"></span>e <span class=\"_ _bf\"></span>el p<span class=\"_ _0\"></span>lazo <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>cinco <span class=\"_ _0\"></span>a\u00f1os. <span class=\"_ _0\"></span>La<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>propuesta <span class=\"_ _bf\"></span>para <span class=\"_ _0\"></span>dotar <span class=\"_ _bf\"></span>la Re<span class=\"_ _0\"></span>serva </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.013244629px; bottom:68.55878px;\">de <span class=\"_ _0\"></span>capitali<span class=\"_ _0\"></span>zaci\u00f3n <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>ejerci<span class=\"_ _0\"></span>cio <span class=\"_ _0\"></span>finalizado <span class=\"_ _bf\"></span>el <span class=\"_ _0\"></span>31 <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>diciembre <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>2022, <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>acuerdo <span class=\"_ _bf\"></span>con <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>menciona<span class=\"_ _0\"></span>do </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.013244629px; bottom:52.178772px;\">art\u00edculo 62.1.d) <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>citada <span class=\"_ _1\"></span>Ley p<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>importe <span class=\"_ _1\"></span>de 18.865 m<span class=\"_ _1\"></span>iles <span class=\"_ _1\"></span>de eur<span class=\"_ _1\"></span>os se <span class=\"_ _1\"></span>realizar\u00e1 en <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>sociedad </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.013244629px; bottom:35.64276px;\">Red <span class=\"_ _0\"></span>El\u00e9ctrica Corporaci\u00f3<span class=\"_ _0\"></span>n, S.A. <span class=\"_ _0\"></span>como <span class=\"_ _0\"></span>sociedad c<span class=\"_ _0\"></span>abecera d<span class=\"_ _0\"></span>el Grupo <span class=\"_ _0\"></span>Fiscal. <span class=\"_ _0\"></span>Asimismo, ca<span class=\"_ _0\"></span>da <span class=\"_ _0\"></span>socie-<span class=\"_ _29d\"> </span></div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.013244629px; bottom:19.262756px;\">dad <span class=\"_ _c2\"></span>del <span class=\"_ _c5\"></span>Grupo <span class=\"_ _c5\"></span>Fiscal <span class=\"_ _c2\"></span>ha <span class=\"_ _c5\"></span>realizado<span class=\"_ _0\"></span> <span class=\"_ _c5\"> </span>el <span class=\"_ _c5\"></span>ajuste <span class=\"_ _c2\"></span>correspondiente <span class=\"_ _c5\"></span>en<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>el <span class=\"_ _c5\"></span>Impu<span class=\"_ _0\"></span>esto <span class=\"_ _c5\"> </span>de <span class=\"_ _c5\"></span>Sociedad<span class=\"_ _0\"></span>es <span class=\"_ _c5\"></span>del </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.013244629px; bottom:2.7267456px;\">ejercicio 2022 por es<span class=\"_ _0\"></span>te concepto (v\u00e9ase nota 23).<span class=\"_ _0\"></span>  </div>o<span class=\"ff5\"> <span class=\"_ _d0\"> </span><span class=\"ff3 fc1\">Acciones y participacio<span class=\"_ _0\"></span>nes en patrimonio propias<span class=\"_ _0\"></span>  </span></span>Las acciones de la Socied<span class=\"_ _0\"></span>ad dominante en poder de la misma a 31 de dici<span class=\"_ _0\"></span>embre <span class=\"_ _1\"></span>de 2022 repre<span class=\"_ _0\"></span>sentan el <span class=\"_ _c4\"></span>0,28% <span class=\"_ _c4\"></span>del <span class=\"_ _c8\"></span>capital <span class=\"_ _1\"></span>social <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>la <span class=\"_ _c8\"></span>Sociedad <span class=\"_ _1\"></span>mat<span class=\"_ _1\"></span>riz <span class=\"_ _1\"></span>y <span class=\"_ _c8\"></span>totalizan <span class=\"_ _c4\"></span>1.499.900 <span class=\"_ _c4\"></span>acciones, <span class=\"_ _1\"></span>de <span class=\"_ _c8\"></span>valor <span class=\"_ _c4\"></span>nominal <span class=\"_ _c4\"></span>de 0,50 euros por<span class=\"_ _1\"></span> acci\u00f3n, con un <span class=\"_ _1\"></span>valor nominal global de 750 <span class=\"_ _1\"></span>miles de <span class=\"_ _1\"></span>euros y un <span class=\"_ _1\"></span>precio medio de <span class=\"_ _1\"></span>adqui-<span class=\"_ _29d\"> </span>sici\u00f3n de<span class=\"_ _0\"></span> 17,53 euros po<span class=\"_ _0\"></span>r acci\u00f3n (A 31<span class=\"_ _0\"></span> de diciem<span class=\"_ _0\"></span>bre de 2021,<span class=\"_ _0\"></span> 1.803.433 acci<span class=\"_ _0\"></span>ones, de valor n<span class=\"_ _0\"></span>ominal de 0,50 <span class=\"_ _c4\"></span>euros<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>por <span class=\"_ _c4\"></span>acci\u00f3n, <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>representaban <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>0,33% <span class=\"_ _c4\"></span>del <span class=\"_ _c4\"></span>Capital <span class=\"_ _1\"></span>social, <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>un <span class=\"_ _c4\"></span>valor <span class=\"_ _1\"></span>nominal <span class=\"_ _c4\"></span>global <span class=\"_ _1\"></span>de 902 miles de euros y<span class=\"_ _0\"></span> un precio medio de adquisic<span class=\"_ _0\"></span>i\u00f3n de 17,53 euros po<span class=\"_ _0\"></span>r acci\u00f3n).  Dichas acciones <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>encue<span class=\"_ _0\"></span>ntran <span class=\"_ _1\"></span>registradas reduciendo el <span class=\"_ _1\"></span>valor <span class=\"_ _1\"></span>del Patrimonio neto <span class=\"_ _c4\"></span>del Grupo <span class=\"_ _1\"></span>a 31 <span class=\"_ _1\"></span>de diciembre de 2022 po<span class=\"_ _0\"></span>r importe de 26.296 mi<span class=\"_ _0\"></span>les de euros (31.618 <span class=\"_ _0\"></span>miles de euros en 2021). <span class=\"_ _0\"></span> La Sociedad dominante ha cumplido las obligacio<span class=\"_ _0\"></span>nes <span class=\"_ _1\"></span>derivad<span class=\"_ _0\"></span>as <span class=\"_ _1\"></span>del art\u00edculo<span class=\"_ _0\"></span> 509 <span class=\"_ _1\"></span>de la Ley de Socieda-<span class=\"_ _29d\"> </span>des <span class=\"_ _1\"></span>de Capital que <span class=\"_ _1\"></span>establece que salvo <span class=\"_ _1\"></span>en los <span class=\"_ _1\"></span>supuestos<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>libre adquisici\u00f3n de <span class=\"_ _1\"></span>las propias acciones, en <span class=\"_ _c2\"></span>las <span class=\"_ _c2\"></span>sociedades <span class=\"_ _c2\"></span>cotizadas <span class=\"_ _c8\"></span>el <span class=\"_ _c2\"></span>valor <span class=\"_ _c2\"></span>nominal <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>las <span class=\"_ _c2\"></span>acciones <span class=\"_ _c2\"></span>pr<span class=\"_ _1\"></span>opias <span class=\"_ _c8\"></span>adquiridas <span class=\"_ _c2\"></span>directa <span class=\"_ _c2\"></span>o <span class=\"_ _c2\"></span>indirecta-<span class=\"_ _29d\"> </span>mente <span class=\"_ _1\"></span>por <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>sociedad, <span class=\"_ _1\"></span>sum\u00e1ndose <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>ya <span class=\"_ _c4\"></span>posean <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>Sociedad <span class=\"_ _1\"></span>dominante <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>sus <span class=\"_ _1\"></span>sociedades filiales, <span class=\"_ _0\"></span>no debe<span class=\"_ _0\"></span> ex<span class=\"_ _0\"></span>ceder <span class=\"_ _0\"></span>del 10%<span class=\"_ _0\"></span> del <span class=\"_ _0\"></span>Capital<span class=\"_ _0\"></span> socia<span class=\"_ _0\"></span>l suscri<span class=\"_ _0\"></span>to. Las<span class=\"_ _0\"></span> sociedade<span class=\"_ _0\"></span>s filia<span class=\"_ _0\"></span>les no<span class=\"_ _0\"></span> poseen<span class=\"_ _0\"></span> ni <span class=\"_ _0\"></span>accio-<span class=\"_ _29d\"> </span>nes propias ni de la S<span class=\"_ _0\"></span>ociedad dominante. <span class=\"_ _0\"></span> o<span class=\"ff5\"> <span class=\"_ _d0\"> </span><span class=\"ff3 fc1\">Resultado del ejercicio<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>atribuido<span class=\"_ _0\"></span> a la sociedad dominante  </span></span>El Resultado del ejercici<span class=\"_ _0\"></span>o atribuido a la sociedad dominante en 2022 ha asce<span class=\"_ _0\"></span>ndido a 664.731 miles de euros (680.627 miles de<span class=\"_ _0\"></span> euros a 31 de diciembre<span class=\"_ _0\"></span> de 2021).  o<span class=\"ff5\"> <span class=\"_ _d0\"> </span><span class=\"ff3 fc1\">Dividendo a cuenta del e<span class=\"_ _0\"></span>jercicio y propuesta<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>de distribu<span class=\"_ _0\"></span>ci\u00f3n de dividendo de<span class=\"_ _0\"></span> la Sociedad matriz  </span></span>El <span class=\"_ _1\"></span>Dividendo <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>cuenta <span class=\"_ _c4\"></span>aprobado <span class=\"_ _1\"></span>por <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>Consejo <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>Administraci\u00f3n <span class=\"_ _1\"></span>durante <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>ejercicio <span class=\"_ _c4\"></span>2022 <span class=\"_ _1\"></span>figura <span class=\"_ _1\"></span>mi-<span class=\"_ _29d\"> </span>norando <span class=\"_ _0\"></span>el<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>Patrimonio <span class=\"_ _bf\"></span>neto <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Grup<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>a <span class=\"_ _bf\"></span>31 de<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>dici<span class=\"_ _0\"></span>embre <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>2022 <span class=\"_ _0\"></span>por <span class=\"_ _bf\"></span>im<span class=\"_ _1\"></span>po<span class=\"_ _0\"></span>rte <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>147<span class=\"_ _0\"></span>.143 <span class=\"_ _0\"></span>miles <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>euros (147.061 miles de euros<span class=\"_ _0\"></span> a 31 de diciembre<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>de 2021<span class=\"_ _0\"></span>) (v\u00e9ase nota 19).  El <span class=\"_ _0\"></span>d\u00eda 25 <span class=\"_ _0\"></span>de octub<span class=\"_ _0\"></span>re de <span class=\"_ _0\"></span>2022 <span class=\"_ _0\"></span>el C<span class=\"_ _0\"></span>onsejo de <span class=\"_ _0\"></span>Adminis<span class=\"_ _0\"></span>traci\u00f3n de <span class=\"_ _0\"></span>la Socie<span class=\"_ _0\"></span>dad <span class=\"_ _0\"></span>acord\u00f3 repartir <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>dividendo<span class=\"_ _0\"></span> a <span class=\"_ _bf\"></span>cuent<span class=\"_ _1\"></span>a <span class=\"_ _bf\"></span>de <span class=\"_ _0\"></span>los <span class=\"_ _0\"></span>resul<span class=\"_ _0\"></span>tados <span class=\"_ _bf\"></span>del <span class=\"_ _0\"></span>ejercicio <span class=\"_ _bf\"></span>2022 <span class=\"_ _0\"></span>por <span class=\"_ _bf\"></span>un <span class=\"_ _0\"></span>importe <span class=\"_ _bf\"></span>bruto <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>0,2727 <span class=\"_ _bf\"></span>euros <span class=\"_ _0\"></span>por <span class=\"_ _bf\"></span>acci\u00f3n, <span class=\"_ _0\"></span>paga<span class=\"_ _0\"></span>dero el 9 de enero de 2023<span class=\"_ _0\"></span> (0,2727 euros brutos por a<span class=\"_ _0\"></span>cci\u00f3n en 2021).  Los dividendos pagado<span class=\"_ _0\"></span>s durante el ejercicio<span class=\"_ _0\"></span> 2022 y 2021 se detallan<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>a con<span class=\"_ _0\"></span>tinuaci\u00f3n:      2022 <span class=\"_ _af\"> </span>2021 % Sobre  Euros por % Sobre Euros por Importe Importe Miles de euros nominal acci\u00f3n nominal acci\u00f3n Acciones ordinarias <span class=\"_ _122\"> </span>200,00%<span class=\"_ _29d\"> </span>1,0000 543.881<span class=\"_ _29d\"> </span>200,00%<span class=\"_ _29d\"> </span>1,0000 538.995<span class=\"_ _29d\"> </span>Dividendos totales pagados <span class=\"_ _89\"> </span>200,00%<span class=\"_ _29d\"> </span>1,0000 543.881<span class=\"_ _29d\"> </span>200,00%<span class=\"_ _29d\"> </span>1,0000 538.995<span class=\"_ _29d\"> </span>Dividendos con cargo a resultados<span class=\"_ _29d\"> </span>200,00%<span class=\"_ _29d\"> </span>1,0000 543.881<span class=\"_ _29d\"> </span>200,00%<span class=\"_ _29d\"> </span>1,0000 538.995<span class=\"_ _29d\"> </span>La previsi\u00f3n<span class=\"_ _0\"></span> de tesorer\u00eda <span class=\"_ _0\"></span>correspondiente al <span class=\"_ _0\"></span>periodo comp<span class=\"_ _0\"></span>rendido entre el <span class=\"_ _0\"></span>30 de <span class=\"_ _0\"></span>septiembre de<span class=\"_ _0\"></span> 2022 y el <span class=\"_ _c8\"></span>9 <span class=\"_ _c2\"></span>de <span class=\"_ _c2\"></span>enero <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>2023 <span class=\"_ _c2\"></span>puso <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>manifiesto <span class=\"_ _c8\"></span>la <span class=\"_ _c2\"></span>existencia <span class=\"_ _c8\"></span>de <span class=\"_ _c2\"></span>liquidez <span class=\"_ _c8\"></span>suficiente <span class=\"_ _c2\"></span>para <span class=\"_ _c8\"></span>la <span class=\"_ _c2\"></span>distribuci\u00f3n <span class=\"_ _c4\"></span>de dicho <span class=\"_ _1\"></span>dividendo <span class=\"_ _1\"></span>y, <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>acuerdo <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>requisitos <span class=\"_ _1\"></span>establecidos <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>art\u00edculo <span class=\"_ _1\"></span>277 <span class=\"_ _1\"></span>apartado <span class=\"_ _1\"></span>a) <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>Ley de Sociedades de Ca<span class=\"_ _0\"></span>pital.  En base a <span class=\"_ _1\"></span>esto, de acuerdo <span class=\"_ _1\"></span>con<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>los requisitos establecid<span class=\"_ _0\"></span>os <span class=\"_ _1\"></span>en el <span class=\"_ _1\"></span>art\u00edculo 277 apartado a) de la <span class=\"_ _1\"></span>Ley de Sociedades de Capital,<span class=\"_ _0\"></span> fue formulado el siguien<span class=\"_ _0\"></span>te estado previsional de li<span class=\"_ _0\"></span>quidez:<span class=\"_ _29d\"> </span>Estado de liquidez de <span class=\"_ _1\"></span>Red El\u00e9ctrica Corporaci\u00f3n, S.A. <span class=\"_ _123\"> </span><span class=\"fc1\">Miles de euros </span>Fondos disponibles <span class=\"_ _1\"></span>30-09-2022: Cr\u00e9ditos disponibles a largo plazo <span class=\"_ _124\"> </span>239.190 Cr\u00e9ditos disponibles a corto plazo <span class=\"_ _124\"> </span>125.000 Inversiones financieras temporales y tesorer\u00eda <span class=\"_ _7\"> </span>16.914 Previsiones de cobros: Operaciones corrientes <span class=\"_ _125\"> </span>- Operaciones financieras <span class=\"_ _126\"> </span>348.281 Previsiones de pagos: <span class=\"_ _127\"> </span> Operaciones corrientes <span class=\"_ _128\"> </span>(324.273)<span class=\"_ _29d\"> </span>Operaciones financieras <span class=\"_ _129\"> </span>(208.176)<span class=\"_ _29d\"> </span>Previsi\u00f3n de fondos disp<span class=\"_ _1\"></span>onibles a 09-01-2023: <span class=\"_ _11e\"> </span>196.936 El <span class=\"_ _0\"></span>Consejo de <span class=\"_ _0\"></span>Administraci\u00f3n <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>la Socie<span class=\"_ _0\"></span>dad matriz <span class=\"_ _0\"></span>ha propues<span class=\"_ _0\"></span>to a <span class=\"_ _0\"></span>la Junt<span class=\"_ _0\"></span>a General <span class=\"_ _0\"></span>de Accio<span class=\"_ _0\"></span>nistas <span class=\"_ _0\"></span>un dividendo<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>complementario <span class=\"_ _1\"></span>por <span class=\"_ _1\"></span>importe de <span class=\"_ _1\"></span>0,7273 euros <span class=\"_ _1\"></span>por <span class=\"_ _1\"></span>acci\u00f3n, <span class=\"_ _1\"></span>ascendie<span class=\"_ _0\"></span>ndo <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>dividendo total <span class=\"_ _1\"></span>del ejercicio 2022 a <span>1</span> euro<span class=\"_ _0\"></span> por acci\u00f3n (<span><span>1</span></span> euro<span class=\"_ _0\"></span> en 2021).  Adiciona<span class=\"_ _0\"></span>lmente, <span class=\"_ _1\"></span>dada la capacidad de generaci\u00f3n de efectivo<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>de la Sociedad y del importe de las p\u00f3li-<span class=\"_ _29d\"> </span>zas <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>cr\u00e9dito <span class=\"_ _bf\"></span>no disp<span class=\"_ _0\"></span>uestas <span class=\"_ _0\"></span>(v\u00e9ase <span class=\"_ _bf\"></span>nota 1<span class=\"_ _0\"></span>8), <span class=\"_ _0\"></span>la <span class=\"_ _bf\"></span>Sociedad <span class=\"_ _0\"></span>dispondr\u00e1 <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>liquidez <span class=\"_ _0\"></span>suficiente <span class=\"_ _0\"></span>en <span class=\"_ _bf\"></span>el <span class=\"_ _0\"></span>periodo de un a\u00f1o desde que<span class=\"_ _0\"></span> se acord\u00f3 la distribuci\u00f3<span class=\"_ _0\"></span>n del dividendo a cuen<span class=\"_ _0\"></span>ta.   <span class=\"ff5 sc0\"> <span class=\"_ _b9\"> </span><span class=\"ff3 fc1\">Ajust<span class=\"_ _1\"></span>es por ca<span class=\"_ _0\"></span>mbios de valor  </span></span>o<span class=\"ff5\"> <span class=\"_ _d0\"> </span><span class=\"ff3 fc1\">Activos financieros a val<span class=\"_ _0\"></span>or razonable con<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>cambio<span class=\"_ _0\"></span>s en Otro resultado glob<span class=\"_ _0\"></span>al  </span></span>Este ep\u00edgra<span class=\"_ _0\"></span>fe recoge a <span class=\"_ _0\"></span>31 de <span class=\"_ _0\"></span>diciembre 2022 <span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>21 las variaciones <span class=\"_ _0\"></span>de va<span class=\"_ _0\"></span>lor producidas <span class=\"_ _0\"></span>por los in<span class=\"_ _0\"></span>stru-<span class=\"_ _29d\"> </span>mentos de<span class=\"_ _0\"></span> patrimonio<span class=\"_ _0\"></span> clasificado<span class=\"_ _0\"></span>s como ac<span class=\"_ _0\"></span>tivos <span class=\"_ _0\"></span>financieros medidos <span class=\"_ _0\"></span>a val<span class=\"_ _0\"></span>or razonab<span class=\"_ _0\"></span>le con <span class=\"_ _0\"></span>cambios <span class=\"_ _0\"></span>en Otro <span class=\"_ _1\"></span>resultado <span class=\"_ _1\"></span>global, <span class=\"_ _1\"></span>debidas <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>luctuaciones en <span class=\"_ _1\"></span>el <span class=\"_ _c4\"></span>precio <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>cotizaci<span class=\"_ _0\"></span>\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>la <span class=\"_ _1\"></span>acci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>la <span class=\"_ _1\"></span>partici-<span class=\"_ _29d\"> </span>paci\u00f3n del 5% que el Grupo<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>tiene en Redes Energ\u00e9tica<span class=\"_ _0\"></span>s Nacionais, S.G.P.S., S.A. (en adelante REN),<span class=\"_ _0\"></span> sociedad <span class=\"_ _0\"></span>cotizada <span class=\"_ _0\"></span>cuyo <span class=\"_ _0\"></span>\u00edndic<span class=\"_ _0\"></span>e de <span class=\"_ _0\"></span>referen<span class=\"_ _0\"></span>cia es <span class=\"_ _0\"></span>el <span class=\"_ _bf\"></span>portugu\u00e9s PS<span class=\"_ _0\"></span>I 20<span class=\"_ _0\"></span>. A <span class=\"_ _0\"></span>31 <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e dici<span class=\"_ _0\"></span>embre de <span class=\"_ _0\"></span>2022<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>ascien-<span class=\"_ _29d\"> </span>den a un importe<span class=\"_ _0\"></span> de 17.932 miles de euros (18<span class=\"_ _0\"></span>.766 miles de euros en <span class=\"_ _0\"></span>2021).  o<span class=\"ff5\"> <span class=\"_ _d0\"> </span><span class=\"ff3 fc1\">Operaciones de cobe<span class=\"_ _0\"></span>rtura  </span></span>Este ep\u00edgrafe recoge las<span class=\"_ _0\"></span> variaciones de valo<span class=\"_ _0\"></span>r producidas por los inst<span class=\"_ _0\"></span>rumentos financieros derivado<span class=\"_ _0\"></span>s.  A 31 <span class=\"_ _1\"></span>de diciembre de <span class=\"_ _1\"></span>2022 ascienden a <span class=\"_ _1\"></span>un importe <span class=\"_ _1\"></span>de 10.080 m<span class=\"_ _1\"></span>iles de euros (menos 62.170 miles <span class=\"_ _1\"></span>de euros en 2021).  o<span class=\"ff5\"> <span class=\"_ _d0\"> </span><span class=\"ff3 fc1\">Diferencias de conversi<span class=\"_ _0\"></span>\u00f3n  </span></span>Este <span class=\"_ _c4\"></span>ep\u00edgrafe<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>recoge <span class=\"_ _1\"></span>principalmente<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>las <span class=\"_ _c4\"></span>diferenci<span class=\"_ _0\"></span>as <span class=\"_ _c4\"></span>por <span class=\"_ _1\"></span>tipo <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>cambio <span class=\"_ _1\"></span>derivadas <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>conversi\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>de los estados financieros de las sociedades extranjeras<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>con moneda funcio<span class=\"_ _0\"></span>nal difer<span class=\"_ _1\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>e al euro. A 31 de diciembre de <span class=\"_ _0\"></span>2022 a<span class=\"_ _0\"></span>scend\u00edan a<span class=\"_ _0\"></span> menos<span class=\"_ _0\"></span> 64.795 <span class=\"_ _0\"></span>miles de e<span class=\"_ _0\"></span>uros (meno<span class=\"_ _0\"></span>s 87.71<span class=\"_ _0\"></span>3 miles de<span class=\"_ _0\"></span> euros en<span class=\"_ _0\"></span> 202<span class=\"_ _0\"></span>1). El <span class=\"_ _c8\"></span>incremento <span class=\"_ _c4\"></span>se <span class=\"_ _c8\"></span>debe <span class=\"_ _c4\"></span>principalmente <span class=\"_ _c8\"></span>a <span class=\"_ _c4\"></span>la <span class=\"_ _c2\"></span>evoluci\u00f3<span class=\"_ _0\"></span>n <span class=\"_ _c8\"></span>en <span class=\"_ _c8\"></span>2022 <span class=\"_ _c8\"></span>del <span class=\"_ _c8\"></span>real <span class=\"_ _c8\"></span>brasil<span class=\"_ _0\"></span>e\u00f1o <span class=\"_ _c8\"></span>y <span class=\"_ _c2\"></span>el <span class=\"_ _c4\"></span>d\u00f3lar <span class=\"_ _c8\"></span>americano frente al euro.  c) <span class=\"_ _c7\"> </span>Participaciones no dominante<span class=\"_ _0\"></span>s<span class=\"ff3 fc1\">  </span>El <span class=\"_ _c2\"></span>saldo <span class=\"_ _c5\"></span>incluido <span class=\"_ _c2\"></span>en <span class=\"_ _c5\"></span>el <span class=\"_ _c2\"></span>apartado <span class=\"_ _c2\"></span>Participaciones <span class=\"_ _c2\"></span>no <span class=\"_ _c5\"></span>dominantes <span class=\"_ _c2\"></span>dentro <span class=\"_ _c5\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _c5\"></span>Patrimonio <span class=\"_ _c2\"></span>neto <span class=\"_ _c5\"></span>del <span class=\"_ _c2\"></span>Estado <span class=\"_ _c2\"></span>de situaci\u00f3n <span class=\"_ _1\"></span>financiera <span class=\"_ _c4\"></span>conso<span class=\"_ _0\"></span>lidado, <span class=\"_ _c4\"></span>recoge <span class=\"_ _c4\"></span>en <span class=\"_ _1\"></span>2022 <span class=\"_ _1\"></span>el <span class=\"_ _c4\"></span>valor <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>la <span class=\"_ _1\"></span>participaci\u00f3n <span class=\"_ _1\"></span>no <span class=\"_ _c4\"></span>dominante <span class=\"_ _c4\"></span>en <span class=\"_ _1\"></span>todas <span class=\"_ _c4\"></span>las <span class=\"_ _1\"></span>so-<span class=\"_ _29d\"> </span>ciedades del Subgrupo<span class=\"_ _0\"></span> Hispasat, en Reintel as<span class=\"_ _0\"></span>\u00ed como en la sociedad chil<span class=\"_ _0\"></span>ena Redenor.  El detalle de movimien<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>os en los<span class=\"_ _0\"></span> ejercicios 2022 y 202<span class=\"_ _0\"></span>1 es el siguiente: <div class=\"t m0 h12 ff5 fs6 fc2 sc0 ls0 ws0\" style=\"left:474.8714px; bottom:730.0049px;\">Cam-<span class=\"_ _29d\"> </span></div><div class=\"t m0 h12 ff5 fs6 fc2 sc0 ls0 ws0\" style=\"left:276.90738px; bottom:716.58887px;\">Cam-<span class=\"_ _29d\"> </span></div><div class=\"t m0 h12 ff5 fs6 fc2 sc0 ls0 ws0\" style=\"left:469.09943px; bottom:716.58887px;\">bios de </div><div class=\"t m0 h12 ff5 fs6 fc2 sc0 ls0 ws0\" style=\"left:323.86337px; bottom:709.7249px;\">Resul-<span class=\"_ _29d\"> </span></div><div class=\"t m0 h12 ff5 fs6 fc2 sc0 ls0 ws0\" style=\"left:423.54736px; bottom:709.7249px;\">31 de </div><div class=\"t m0 h12 ff5 fs6 fc2 sc0 ls0 ws0\" style=\"left:278.7794px; bottom:703.0169px;\">bios </div><div class=\"t m0 h12 ff5 fs6 fc2 sc0 ls0 ws0\" style=\"left:469.09943px; bottom:703.0169px;\">per\u00edme-<span class=\"_ _29d\"> </span></div><div class=\"t m0 h12 ff5 fs6 fc2 sc0 ls0 ws0\" style=\"left:581.7314px; bottom:703.0169px;\">Reparto </div><div class=\"t m0 h12 ff5 fs6 fc2 sc0 ls0 ws0\" style=\"left:643.81934px; bottom:703.0169px;\">31 de </div><div class=\"t m0 h12 ff5 fs6 fc2 sc0 ls0 ws0\" style=\"left:210.60738px; bottom:696.3089px;\">31 de di-<span class=\"_ _29d\"> </span></div><div class=\"t m0 h12 ff5 fs6 fc2 sc0 ls0 ws0\" style=\"left:327.91937px; bottom:696.3089px;\">tado </div><div class=\"t m0 h12 ff5 fs6 fc2 sc0 ls0 ws0\" style=\"left:432.12738px; bottom:696.3089px;\">di-<span class=\"_ _29d\"> </span></div><div class=\"t m0 h12 ff5 fs6 fc2 sc0 ls0 ws0\" style=\"left:528.0674px; bottom:696.3089px;\">Resul-<span class=\"_ _29d\"> </span></div><div class=\"t m0 h12 ff5 fs6 fc2 sc0 ls0 ws0\" style=\"left:273.78735px; bottom:689.6009px;\">de pe-<span class=\"_ _29d\"> </span></div><div class=\"t m0 h12 ff5 fs6 fc2 sc0 ls0 ws0\" style=\"left:477.21136px; bottom:689.6009px;\">tro y </div><div class=\"t m0 h12 ff5 fs6 fc2 sc0 ls0 ws0\" style=\"left:583.91534px; bottom:689.6009px;\">de divi-<span class=\"_ _29d\"> </span></div><div class=\"t m0 h12 ff5 fs6 fc2 sc0 ls0 ws0\" style=\"left:638.6714px; bottom:689.6009px;\">diciem-<span class=\"_ _29d\"> </span></div><div class=\"t m0 h12 ff5 fs6 fc2 sc0 ls0 ws0\" style=\"left:212.3234px; bottom:682.8929px;\">ciembre </div><div class=\"t m0 h12 ff5 fs6 fc2 sc0 ls0 ws0\" style=\"left:332.59937px; bottom:682.8929px;\">del </div><div class=\"t m0 h12 ff5 fs6 fc2 sc0 ls0 ws0\" style=\"left:375.0314px; bottom:682.8929px;\">Otros </div><div class=\"t m0 h12 ff5 fs6 fc2 sc0 ls0 ws0\" style=\"left:423.54736px; bottom:682.8929px;\">ciem-<span class=\"_ _29d\"> </span></div><div class=\"t m0 h12 ff5 fs6 fc2 sc0 ls0 ws0\" style=\"left:523.0754px; bottom:682.8929px;\">tado del </div><div class=\"t m0 h12 ff5 fs6 fc2 sc0 ls0 ws0\" style=\"left:276.90738px; bottom:676.1849px;\">r\u00edme-<span class=\"_ _29d\"> </span></div><div class=\"t m0 h12 ff5 fs6 fc2 sc0 ls0 ws0\" style=\"left:469.09943px; bottom:676.1849px;\">amplia-<span class=\"_ _29d\"> </span></div><div class=\"t m0 h12 ff5 fs6 fc2 sc0 ls0 ws0\" style=\"left:582.82336px; bottom:676.1849px;\">dendos </div><div class=\"t m0 h12 ff5 fs6 fc2 sc0 ls0 ws0\" style=\"left:641.6354px; bottom:676.1849px;\">bre de </div><div class=\"t m0 h12 ff5 fs6 fc2 sc0 ls0 ws0\" style=\"left:213.41537px; bottom:669.47687px;\">de 2020 </div><div class=\"t m0 h12 ff5 fs6 fc2 sc0 ls0 ws0\" style=\"left:323.86337px; bottom:669.47687px;\">ejerci-<span class=\"_ _29d\"> </span></div><div class=\"t m0 h12 ff5 fs6 fc2 sc0 ls0 ws0\" style=\"left:421.98737px; bottom:669.47687px;\">bre de </div><div class=\"t m0 h12 ff5 fs6 fc2 sc0 ls0 ws0\" style=\"left:521.82733px; bottom:669.47687px;\">ejercicio<span class=\"_ _29d\"> </span></div><div class=\"t m0 h12 ff5 fs6 fc2 sc0 ls0 ws0\" style=\"left:278.7794px; bottom:662.7689px;\">tro y </div><div class=\"t m0 h12 ff5 fs6 fc2 sc0 ls0 ws0\" style=\"left:470.65936px; bottom:662.7689px;\">ciones </div><div class=\"t m0 h12 ff5 fs6 fc2 sc0 ls0 ws0\" style=\"left:585.0074px; bottom:662.7689px;\">y otros </div><div class=\"t m0 h12 ff5 fs6 fc2 sc0 ls0 ws0\" style=\"left:646.31537px; bottom:662.7689px;\">2022 </div><div class=\"t m0 h12 ff5 fs6 fc2 sc0 ls0 ws0\" style=\"left:332.59937px; bottom:655.9049px;\">cio </div><div class=\"t m0 h12 ff5 fs6 fc2 sc0 ls0 ws0\" style=\"left:425.73138px; bottom:655.9049px;\">2021 </div><div class=\"t m0 h12 ff5 fs6 fc2 sc0 ls0 ws0\" style=\"left:276.90738px; bottom:649.1969px;\">otros </div><div class=\"t m0 h12 ff5 fs6 fc2 sc0 ls0 ws0\" style=\"left:473.31134px; bottom:649.1969px;\">de ca-<span class=\"_ _29d\"> </span></div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:4.687378px; bottom:635.7809px;\">Miles de euros </div><div class=\"c w5b h3c\" style=\"left:477.21136px; bottom:633.2849px;\"><div class=\"t m0 x0 h12 y4a ff5 fs6 fc2 sc0 ls0 ws0\">pital<span class=\"_ _29d\"> </span></div></div><div class=\"t m0 h1b ff3 fs6 fc0 sc0 ls0 ws0\" style=\"left:4.687378px; bottom:608.0129px;\">Participaciones no Dominantes <span class=\"_ _1b\"> </span><span class=\"fc8\">56.351 </span></div><div class=\"t m0 h1b ff3 fs6 fc8 sc0 ls0 ws0\" style=\"left:273.78735px; bottom:608.0129px;\">(8.217)<span class=\"_ _29d\"> </span></div><div class=\"t m0 h1b ff3 fs6 fc8 sc0 ls0 ws0\" style=\"left:330.8834px; bottom:608.0129px;\">5.657 </div><div class=\"t m0 h1b ff3 fs6 fc8 sc0 ls0 ws0\" style=\"left:389.69537px; bottom:608.0129px;\">258 </div><div class=\"t m0 h1b ff3 fs6 fc8 sc0 ls0 ws0\" style=\"left:423.54736px; bottom:608.0129px;\">54.049 </div><div class=\"t m0 h1b ff3 fs6 fc8 sc0 ls0 ws0\" style=\"left:475.96338px; bottom:608.0129px;\">40.135 </div><div class=\"t m0 h1b ff3 fs6 fc8 sc0 ls0 ws0\" style=\"left:535.55536px; bottom:608.0129px;\">16.456 </div><div class=\"t m0 h1b ff3 fs6 fc8 sc0 ls0 ws0\" style=\"left:592.02734px; bottom:608.0129px;\">(5.899)<span class=\"_ _29d\"> </span></div><div class=\"t m0 h1b ff3 fs6 fc8 sc0 ls0 ws0\" style=\"left:637.42334px; bottom:608.0129px;\">104.741 </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:554.6609px;\">En <span class=\"_ _1\"></span>2022, en <span class=\"_ _1\"></span>cambios de <span class=\"_ _1\"></span>per\u00edmetro y <span class=\"_ _1\"></span>ampliacione<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>de capital <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>refleja principalmente la <span class=\"_ _1\"></span>venta de <span class=\"_ _1\"></span>una parti-<span class=\"_ _29d\"> </span></div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:538.2809px;\">cipaci\u00f3n <span class=\"_ _1\"></span>minoritaria <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>49% <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>Red <span class=\"_ _1\"></span>El\u00e9ctrica Infraestructuras <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>Telecomunicaci\u00f3n, <span class=\"_ _1\"></span>S.A.U (Reintel), <span class=\"_ _1\"></span>socie-<span class=\"_ _29d\"> </span></div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:521.7449px;\">dad <span class=\"_ _1\"></span>par<span class=\"_ _1\"></span>ticipada <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>cierr<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>ejer<span class=\"_ _1\"></span>cicio <span class=\"_ _1\"></span>2022 <span class=\"_ _c4\"></span>en <span class=\"_ _c4\"></span>un <span class=\"_ _1\"></span>51% <span class=\"_ _c4\"></span>por <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>sociedad <span class=\"_ _1\"></span>matriz <span class=\"_ _1\"></span>(v\u00e9ase <span class=\"_ _c4\"></span>nota <span class=\"_ _c4\"></span>2.g), <span class=\"_ _c4\"></span>as\u00ed <span class=\"_ _1\"></span>como <span class=\"_ _c4\"></span>la </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:505.36487px;\">entrada en el perime<span class=\"_ _0\"></span>tro de consolidaci\u00f3<span class=\"_ _0\"></span>n de <span class=\"_ _1\"></span>Axe<span class=\"_ _0\"></span>ss.   </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:482.43292px;\">Redeia mantiene <span class=\"_ _1\"></span>el 51% <span class=\"_ _1\"></span>de la <span class=\"_ _1\"></span>participaci\u00f3n de <span class=\"_ _1\"></span>Rein<span class=\"_ _0\"></span>tel <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>trav\u00e9s de <span class=\"_ _1\"></span>su sociedad matriz, <span class=\"_ _1\"></span>as\u00ed <span class=\"_ _1\"></span>como el <span class=\"_ _1\"></span>control y </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:465.89685px;\">la <span class=\"_ _c4\"></span>gesti\u00f3n <span class=\"_ _c4\"></span>de <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>misma, <span class=\"_ _c4\"></span>por <span class=\"_ _c4\"></span>lo <span class=\"_ _c4\"></span>que <span class=\"_ _c8\"></span>la <span class=\"_ _c4\"></span>transacci\u00f3n <span class=\"_ _c4\"></span>se <span class=\"_ _c4\"></span>considera <span class=\"_ _1\"></span>una <span class=\"_ _c8\"></span>operaci<span class=\"_ _0\"></span>\u00f3n <span class=\"_ _c4\"></span>con <span class=\"_ _c4\"></span>participaciones <span class=\"_ _c4\"></span>no <span class=\"_ _c4\"></span>domi-<span class=\"_ _29d\"> </span></div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:449.5169px;\">nantes, <span class=\"_ _1\"></span>lo <span class=\"_ _1\"></span>que <span class=\"_ _1\"></span>ha <span class=\"_ _1\"></span>supuesto <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>Grupo <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>ejercicio <span class=\"_ _1\"></span>2022, <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>incremento <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>las <span class=\"_ _1\"></span>participaciones no <span class=\"_ _1\"></span>domi-<span class=\"_ _29d\"> </span></div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:432.9809px;\">nantes <span class=\"_ _1\"></span>sin impacto <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>la cuenta <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>resultados consolidada<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>ni <span class=\"_ _1\"></span>en <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>m\u00e9todo <span class=\"_ _1\"></span>de consolidaci\u00f3n <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>Reintel que </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:416.6009px;\">seguir\u00e1 <span class=\"_ _c8\"></span>siendo <span class=\"_ _c2\"></span>consolidad<span class=\"_ _0\"></span>a <span class=\"_ _c2\"></span>por <span class=\"_ _c2\"></span>el <span class=\"_ _c2\"></span>m\u00e9todo <span class=\"_ _c2\"></span>de <span class=\"_ _c8\"></span>integraci\u00f3n <span class=\"_ _c2\"></span>global. <span class=\"_ _c8\"></span>Por <span class=\"_ _c2\"></span>otro <span class=\"_ _c2\"></span>lado, <span class=\"_ _c8\"></span>Redeia <span class=\"_ _c2\"></span>tiene <span class=\"_ _c2\"></span>el <span class=\"_ _c8\"></span>control <span class=\"_ _c2\"></span>del </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:400.2209px;\">89,68% <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>Axess <span class=\"_ _c4\"></span>a <span class=\"_ _1\"></span>trav\u00e9s <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>Hispasat <span class=\"_ _1\"></span>(ver <span class=\"_ _1\"></span>nota <span class=\"_ _c4\"></span>6) <span class=\"_ _1\"></span>gener\u00e1ndose <span class=\"_ _1\"></span>participacione<span class=\"_ _0\"></span>s <span class=\"_ _c4\"></span>no <span class=\"_ _c4\"></span>dominantes por<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>el <span class=\"_ _c4\"></span>res-<span class=\"_ _29d\"> </span></div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:383.68488px;\">tante 10,32% que no pos<span class=\"_ _0\"></span>ee el Grupo.  </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:360.75287px;\">En <span class=\"_ _c5\"></span>2021, <span class=\"_ _c5\"></span>en <span class=\"_ _c5\"></span>cambio<span class=\"_ _0\"></span>s <span class=\"_ _c5\"> </span>de <span class=\"_ _c5\"> </span>per\u00edmetro <span class=\"_ _c5\"></span>y <span class=\"_ _c5\"></span>otros <span class=\"_ _c5\"></span>se <span class=\"_ _c2\"></span>reflej\u00f3 <span class=\"_ _c5\"></span>la <span class=\"_ _c5\"></span>adquisici\u00f3n<span class=\"_ _0\"></span> <span class=\"_ _c0\"> </span>del <span class=\"_ _c2\"></span>19,04% <span class=\"_ _c5\"></span>al <span class=\"_ _c5\"></span>socio <span class=\"_ _c2\"></span>minoritario <span class=\"_ _c5\"></span>de <span class=\"_ _c5\"></span>la </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:344.37292px;\">totalidad <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>su <span class=\"_ _c4\"></span>participa<span class=\"_ _0\"></span>ci\u00f3n <span class=\"_ _c4\"></span>en <span class=\"_ _1\"></span>Hispamar <span class=\"_ _c4\"></span>Sat\u00e9lites, <span class=\"_ _1\"></span>S.A. <span class=\"_ _c4\"></span>pasando <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>este <span class=\"_ _c4\"></span>modo <span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>Gr<span class=\"_ _1\"></span>upo <span class=\"_ _1\"></span>Hispasat <span class=\"_ _c4\"></span>a <span class=\"_ _1\"></span>ser <span class=\"_ _c4\"></span>el </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:327.83685px;\">\u00fanico accionista de<span class=\"_ _0\"></span> esta sociedad (v\u00e9ase no<span class=\"_ _0\"></span>ta 2.g).  </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:304.9049px;\">En <span class=\"_ _c5\"></span>relaci\u00f3n <span class=\"_ _c5\"></span>con <span class=\"_ _c5\"></span>las <span class=\"_ _c5\"></span>princi<span class=\"_ _0\"></span>pales <span class=\"_ _c5\"></span>Participaciones <span class=\"_ _c2\"></span>no <span class=\"_ _c5\"> </span>dominant<span class=\"_ _1\"></span>es <span class=\"_ _c2\"></span>antes <span class=\"_ _c5\"> </span>detalladas, <span class=\"_ _c5\"> </span>la <span class=\"_ _c5\"></span>informaci\u00f3n <span class=\"_ _c2\"></span>f<span class=\"_ _1\"></span>inancie<span class=\"_ _0\"></span>ra </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:288.52484px;\">resumida de <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>activos, pasivos <span class=\"_ _1\"></span>y resultado <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>31 de <span class=\"_ _1\"></span>diciembre <span class=\"_ _1\"></span>de 2022 <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>de 2021 <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>la sociedad <span class=\"_ _1\"></span>donde se </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:271.9889px;\">participa es el siguien<span class=\"_ _0\"></span>te:  </div><div class=\"t m0 h12 ff5 fs6 fc2 sc0 ls0 ws0\" style=\"left:396.24738px; bottom:238.13687px;\">Redenor <span class=\"_ _8\"> </span>Sub<span class=\"_ _1\"></span>grupo Hispasat <span class=\"_ _ec\"> </span>Reintel </div><div class=\"c wc h79\" style=\"left:4.687378px; bottom:206.00092px;\"><div class=\"t m0 x0 h17 ydf ff5 fs7 fc1 sc0 ls0 ws0\">Miles de euros<span class=\"_ _29d\"> </span></div></div><div class=\"t m0 h12 ff5 fs6 fc1 sc0 ls0 ws0\" style=\"left:377.83936px; bottom:209.90091px;\">2022 <span class=\"_ _5e\"> </span>202<span class=\"_ _1\"></span>1 <span class=\"_ _12a\"> </span>2022 <span class=\"_ _116\"> </span>202<span class=\"_ _1\"></span>1 <span class=\"_ _12a\"> </span>2022 </div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:4.687378px; bottom:193.05289px;\">Activos no corrientes <span class=\"_ _d8\"> </span>115.195 </div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:437.58737px; bottom:193.05289px;\">117.630 </div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:497.4914px; bottom:191.6489px;\">1.074.105 </div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:579.0794px; bottom:191.6489px;\">925.011 </div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:637.42334px; bottom:191.6489px;\">402.233 </div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:4.687378px; bottom:176.04889px;\">Activos corrientes  <span class=\"_ _12b\"> </span>22.208 </div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:444.13937px; bottom:176.04889px;\">14.684 </div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:507.7874px; bottom:174.64487px;\">153.141 </div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:579.0794px; bottom:174.64487px;\">143.009 </div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:643.81934px; bottom:174.64487px;\">73.909 </div><div class=\"t m0 h12 ff5 fs6 fc1 sc0 ls0 ws0\" style=\"left:4.687378px; bottom:158.88892px;\">Activo <span class=\"_ _12c\"> </span>137.403 </div><div class=\"t m0 h12 ff5 fs6 fc1 sc0 ls0 ws0\" style=\"left:437.58737px; bottom:158.88892px;\">132.314 </div><div class=\"c w5e h2f\" style=\"left:497.4914px; bottom:154.67691px;\"><div class=\"t m0 x0 h12 y4a ff5 fs6 fc1 sc0 ls0 ws0\">1.227.246 </div></div><div class=\"c w5f h2f\" style=\"left:568.9394px; bottom:154.67691px;\"><div class=\"t m0 x0 h12 y4a ff5 fs6 fc1 sc0 ls0 ws0\">1.068.020 </div></div><div class=\"c w60 h2f\" style=\"left:637.42334px; bottom:154.67691px;\"><div class=\"t m0 x0 h12 y4a ff5 fs6 fc1 sc0 ls0 ws0\">476.142 </div></div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:4.687378px; bottom:141.72888px;\">Pasivos no corrientes  <span class=\"_ _12d\"> </span>106.442 </div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:444.13937px; bottom:141.72888px;\">91.050 </div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:507.7874px; bottom:140.32486px;\">367.725 </div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:579.0794px; bottom:140.32486px;\">226.525 </div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:637.42334px; bottom:140.32486px;\">358.016 </div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:4.687378px; bottom:124.72485px;\">Pasivos corrientes <span class=\"_ _12b\"> </span>18.468 </div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:444.13937px; bottom:124.72485px;\">13.892 </div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:507.7874px; bottom:123.32086px;\">135.197 </div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:579.0794px; bottom:123.32086px;\">121.928 </div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:643.81934px; bottom:123.32086px;\">21.777 </div><div class=\"t m0 h12 ff5 fs6 fc1 sc0 ls0 ws0\" style=\"left:4.687378px; bottom:107.56488px;\">Pasivo <span class=\"_ _12e\"> </span>124.910 </div><div class=\"t m0 h12 ff5 fs6 fc1 sc0 ls0 ws0\" style=\"left:437.58737px; bottom:107.56488px;\">104.942 </div><div class=\"c w61 h2f\" style=\"left:507.7874px; bottom:103.352875px;\"><div class=\"t m0 x0 h12 y4a ff5 fs6 fc1 sc0 ls0 ws0\">502.922 </div></div><div class=\"c w60 h2f\" style=\"left:579.0794px; bottom:103.352875px;\"><div class=\"t m0 x0 h12 y4a ff5 fs6 fc1 sc0 ls0 ws0\">348.453 </div></div><div class=\"c w60 h2f\" style=\"left:637.42334px; bottom:103.352875px;\"><div class=\"t m0 x0 h12 y4a ff5 fs6 fc1 sc0 ls0 ws0\">379.793 </div></div><div class=\"t m0 h12 ff5 fs6 fc1 sc0 ls0 ws0\" style=\"left:4.687378px; bottom:89.93689px;\">Patrimonio Neto <span class=\"_ _12f\"> </span>12.493 </div><div class=\"t m0 h12 ff5 fs6 fc1 sc0 ls0 ws0\" style=\"left:444.13937px; bottom:89.93689px;\">27.372 </div><div class=\"c w61 h2f\" style=\"left:507.7874px; bottom:85.72485px;\"><div class=\"t m0 x0 h12 y4a ff5 fs6 fc1 sc0 ls0 ws0\">724.324 </div></div><div class=\"c w60 h2f\" style=\"left:579.0794px; bottom:85.72485px;\"><div class=\"t m0 x0 h12 y4a ff5 fs6 fc1 sc0 ls0 ws0\">719.567 </div></div><div class=\"c w62 h2f\" style=\"left:643.81934px; bottom:85.72485px;\"><div class=\"t m0 x0 h12 y4a ff5 fs6 fc1 sc0 ls0 ws0\">96.349 </div></div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:4.687378px; bottom:72.776886px;\">Ingresos  <span class=\"_ _130\"> </span>2.926 </div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:450.53537px; bottom:72.776886px;\">1.331 </div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:507.7874px; bottom:71.372894px;\">229.852 </div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:579.0794px; bottom:71.372894px;\">181.017 </div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:637.42334px; bottom:71.372894px;\">142.851 </div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:4.687378px; bottom:55.928864px;\">Gastos <span class=\"_ _131\"> </span>1.727 </div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:450.53537px; bottom:55.928864px;\">1.450 </div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:514.1834px; bottom:54.52487px;\">84.676 </div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:585.0074px; bottom:54.52487px;\">57.380 </div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:643.81934px; bottom:54.52487px;\">37.167 </div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:4.687378px; bottom:38.924866px;\">Resultado bruto de explotaci\u00f3n  <span class=\"_ _132\"> </span>1.199 </div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:452.8754px; bottom:38.924866px;\">(119)<span class=\"_ _29d\"> </span></div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:507.7874px; bottom:37.520874px;\">145.176 </div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:579.0794px; bottom:37.520874px;\">123.637 </div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:637.42334px; bottom:37.520874px;\">105.684 </div><div class=\"t m0 h12 ff5 fs6 fc1 sc0 ls0 ws0\" style=\"left:4.687378px; bottom:21.764893px;\">Resultado despu\u00e9s de Impuestos <span class=\"_ _133\"> </span>(928)<span class=\"_ _29d\"> </span></div><div class=\"t m0 h12 ff5 fs6 fc1 sc0 ls0 ws0\" style=\"left:459.8954px; bottom:21.764893px;\">117 </div><div class=\"c w62 h2f\" style=\"left:514.1834px; bottom:17.552887px;\"><div class=\"t m0 x0 h12 y4a ff5 fs6 fc1 sc0 ls0 ws0\">42.662 </div></div><div class=\"c w62 h2f\" style=\"left:585.0074px; bottom:17.552887px;\"><div class=\"t m0 x0 h12 y4a ff5 fs6 fc1 sc0 ls0 ws0\">55.375 </div></div><div class=\"c w62 h2f\" style=\"left:643.81934px; bottom:17.552887px;\"><div class=\"t m0 x0 h12 y4a ff5 fs6 fc1 sc0 ls0 ws0\">56.636 </div></div><div class=\"t m0 h12 ff5 fs6 fc1 sc0 ls0 ws0\" style=\"left:4.687378px; bottom:4.1368713px;\">Resultado atribuido a<span class=\"_ _1\"></span> Participaciones no dominantes <span class=\"_ _134\"> </span>(279)<span class=\"_ _29d\"> </span></div><div class=\"t m0 h12 ff5 fs6 fc1 sc0 ls0 ws0\" style=\"left:466.91534px; bottom:4.1368713px;\">26 </div><div class=\"c w63 h2f\" style=\"left:521.82733px; bottom:-0.07513428px;\"><div class=\"t m0 x0 h12 y4a ff5 fs6 fc1 sc0 ls0 ws0\">4.697 </div></div><div class=\"c w63 h2f\" style=\"left:592.02734px; bottom:-0.07513428px;\"><div class=\"t m0 x0 h12 y4a ff5 fs6 fc1 sc0 ls0 ws0\">5.631 </div></div><div class=\"c w62 h2f\" style=\"left:643.81934px; bottom:-0.07513428px;\"><div class=\"t m0 x0 h12 y4a ff5 fs6 fc1 sc0 ls0 ws0\">12.038 </div></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-565": {
   "value": "<div class=\"t m0 he ff5 fs1 fc2 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:559.4924px;\">a) <span class=\"_ _c7\"> </span>Gesti\u00f3n del riesgo de ca<span class=\"_ _0\"></span>pital <span class=\"ff3 fc1\"> </span></div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:536.56036px;\">Los <span class=\"_ _1\"></span>objetivos del Grupo en <span class=\"_ _1\"></span>relaci\u00f3n con <span class=\"_ _1\"></span>la gesti\u00f3n del <span class=\"_ _1\"></span>capital de <span class=\"_ _1\"></span>sus empresas son <span class=\"_ _1\"></span>el salvaguardar la <span class=\"_ _1\"></span>capa-<span class=\"_ _29d\"> </span></div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:520.0244px;\">cidad <span class=\"_ _c4\"></span>de <span class=\"_ _c8\"></span>las <span class=\"_ _c8\"></span>mismas <span class=\"_ _c4\"></span>para <span class=\"_ _c8\"></span>continuar <span class=\"_ _c8\"></span>con <span class=\"_ _c4\"></span>el <span class=\"_ _c8\"></span>\u201cprincipio <span class=\"_ _c8\"></span>de <span class=\"_ _c8\"></span>gesti\u00f3n <span class=\"_ _c4\"></span>continuada\u201d, <span class=\"_ _c4\"></span>para <span class=\"_ _c8\"></span>procurar <span class=\"_ _c4\"></span>un <span class=\"_ _c8\"></span>rendimiento </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:503.6444px;\">para los accionistas <span class=\"_ _0\"></span>y para mantener una es<span class=\"_ _0\"></span>tructura \u00f3ptima de capital y <span class=\"_ _0\"></span>reducir su coste.  </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:480.7124px;\">Para pode<span class=\"_ _0\"></span>r mantener o<span class=\"_ _0\"></span> ajustar<span class=\"_ _0\"></span> la es<span class=\"_ _0\"></span>tructura de<span class=\"_ _0\"></span> capital, el<span class=\"_ _0\"></span> Grupo p<span class=\"_ _0\"></span>odr\u00eda ajustar <span class=\"_ _0\"></span>el importe<span class=\"_ _0\"></span> de l<span class=\"_ _0\"></span>os divi<span class=\"_ _0\"></span>dendos a </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:464.3324px;\">pagar a los accionis<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>as,<span class=\"_ _0\"></span> reembolsar capital a los a<span class=\"_ _0\"></span>ccionistas o emitir nueva<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>acciones.<span class=\"_ _0\"></span>  </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:441.2444px;\">El <span class=\"_ _0\"></span>Grupo <span class=\"_ _0\"></span>hace <span class=\"_ _0\"></span>seguimien<span class=\"_ _0\"></span>to del <span class=\"_ _0\"></span>capital <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>acu<span class=\"_ _0\"></span>erdo <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>ratio de<span class=\"_ _0\"></span> a<span class=\"_ _0\"></span>palancamiento, <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>l\u00ednea <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>pr\u00e1ctica<span class=\"_ _0\"></span> de<span class=\"_ _0\"></span>l </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:424.86438px;\">sector. <span class=\"_ _1\"></span>Este ra<span class=\"_ _1\"></span>tio <span class=\"_ _1\"></span>se calcula <span class=\"_ _1\"></span>como <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>Deuda financiera <span class=\"_ _c4\"></span>neta<span class=\"_ _0\"></span> <span class=\"_ _c4\"></span>dividid<span class=\"_ _0\"></span>a <span class=\"_ _c4\"></span>entre el <span class=\"_ _1\"></span>Patrimonio <span class=\"_ _1\"></span>neto <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>Grupo m<span class=\"_ _1\"></span>\u00e1s<span class=\"_ _0\"></span> </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:408.48438px;\">la Deuda financiera<span class=\"_ _0\"></span> neta. La Deuda financiera<span class=\"_ _0\"></span> neta se calcula de la siguie<span class=\"_ _0\"></span>nte manera:  </div><div class=\"t m0 h12 ff5 fs6 fc2 sc0 ls0 ws0\" style=\"left:4.687378px; bottom:385.86438px;\">Miles de euros <span class=\"_ _41\"> </span>202<span class=\"_ _1\"></span>2 <span class=\"_ _11d\"> </span>2021 </div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:4.687378px; bottom:369.01636px;\">Deudas a largo plazo <span class=\"fc0\">(*)</span> <span class=\"_ _38\"> </span>5.<span class=\"_ _1\"></span>491.124 </div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:627.5954px; bottom:369.01636px;\">5.896.053 </div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:4.687378px; bottom:352.1684px;\">Deudas a corto plazo <span class=\"fc0\">(*)</span> <span class=\"_ _9e\"> </span>681.007 </div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:627.5954px; bottom:352.1684px;\">1.341.053 </div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:4.687378px; bottom:335.1644px;\">Derivados de tipo de cambio <span class=\"_ _11e\"> </span>(28.459)<span class=\"_ _29d\"> </span></div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:637.42334px; bottom:335.1644px;\">(14.800)<span class=\"_ _29d\"> </span></div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:4.687378px; bottom:311.4524px;\">Inversiones en el mercado monetario a<span class=\"_ _1\"></span> corto plazo (**) <span class=\"_ _11f\"> </span>(715.000)<span class=\"_ _29d\"> </span></div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:677.04736px; bottom:311.4524px;\">- </div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:4.687378px; bottom:287.7404px;\">Efectivo y equivalentes <span class=\"_ _55\"> </span>(794.824)<span class=\"_ _29d\"> </span></div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:620.7314px; bottom:287.7404px;\">(1.574.427)<span class=\"_ _29d\"> </span></div><div class=\"t m0 h12 ff5 fs6 fc1 sc0 ls0 ws0\" style=\"left:4.687378px; bottom:270.8924px;\">Deuda financiera neta <span class=\"_ _120\"> </span>4.633.848 </div><div class=\"t m0 h12 ff5 fs6 fc1 sc0 ls0 ws0\" style=\"left:627.5954px; bottom:270.8924px;\">5.647.879 </div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:4.687378px; bottom:254.04437px;\">Patrimonio Neto <span class=\"_ _121\"> </span>4.894.276 </div><div class=\"t m0 h1b ff3 fs6 fc1 sc0 ls0 ws0\" style=\"left:627.5954px; bottom:254.04437px;\">3.685.131 </div><div class=\"t m0 h12 ff5 fs6 fc1 sc0 ls0 ws0\" style=\"left:4.687378px; bottom:237.04037px;\">Ratio de apalancamiento <span class=\"_ _10c\"> </span>48,6%<span class=\"_ _29d\"> </span></div><div class=\"t m0 h12 ff5 fs6 fc1 sc0 ls0 ws0\" style=\"left:648.1874px; bottom:237.04037px;\">60,5%<span class=\"_ _29d\"> </span></div><div class=\"t m0 h61 ff3 fs7 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:222.68842px;\">(*) Se ha excluido tan<span class=\"_ _0\"></span>to en 2022 como en<span class=\"_ _0\"></span> 2021 los intereses pendie<span class=\"_ _0\"></span>ntes de pago. </div><div class=\"t m0 h61 ff3 fs7 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:204.2804px;\">(**) Se <span class=\"_ _0\"></span>trata de<span class=\"_ _0\"></span> dep\u00f3sito<span class=\"_ _0\"></span>s a plazo<span class=\"_ _0\"></span> y ac<span class=\"_ _0\"></span>tivos financiero<span class=\"_ _0\"></span>s an\u00e1logo<span class=\"_ _0\"></span>s registrados<span class=\"_ _0\"></span> en el <span class=\"_ _0\"></span>ep\u00edgrafe de<span class=\"_ _0\"></span> \u2018Otros<span class=\"_ _0\"></span> activos <span class=\"_ _0\"></span>financieros corrie<span class=\"_ _0\"></span>ntes\u2019 a<span class=\"_ _0\"></span> coste <span class=\"_ _0\"></span>amortizado<span class=\"_ _0\"></span> </div><div class=\"t m0 h61 ff3 fs7 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:192.2684px;\">que no cumplen <span class=\"_ _0\"></span>con los criterios contable<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>de cla<span class=\"_ _0\"></span>sificaci\u00f3n como \u2018Efectivo y equi<span class=\"_ _0\"></span>valentes\u2019 pero cuya n<span class=\"_ _0\"></span>aturaleza es id\u00e9ntica a esta<span class=\"_ _0\"></span>. </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:147.3404px;\">A <span class=\"_ _1\"></span>31 de <span class=\"_ _1\"></span>diciembre <span class=\"_ _1\"></span>de<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>2022 <span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>2021, se cum<span class=\"_ _1\"></span>plen los <span class=\"_ _1\"></span>covenants financieros recogidos en <span class=\"_ _1\"></span>los <span class=\"_ _1\"></span>contrato<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>suscri-<span class=\"_ _29d\"> </span></div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:130.80441px;\">tos.   </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:107.872406px;\">Con <span class=\"_ _0\"></span>fecha <span class=\"_ _bf\"></span>26 de <span class=\"_ _bf\"></span>abril <span class=\"_ _0\"></span>de <span class=\"_ _bf\"></span>2022,<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>la <span class=\"_ _bf\"></span>agencia <span class=\"_ _0\"></span>de <span class=\"_ _0\"></span>calificaci\u00f3n <span class=\"_ _bf\"></span>crediticia <span class=\"_ _0\"></span>Standard <span class=\"_ _bf\"></span>&amp; Po<span class=\"_ _0\"></span>or\u2019s <span class=\"_ _0\"></span>emiti\u00f3 <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>nue<span class=\"_ _0\"></span>vo <span class=\"_ _0\"></span>informe </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:91.4924px;\">sobre <span class=\"_ _c5\"></span>la <span class=\"_ _c8\"></span>Sociedad <span class=\"_ _c2\"></span>manteniendo <span class=\"_ _c8\"></span>e<span class=\"_ _1\"></span>l <span class=\"_ _c2\"></span>nivel <span class=\"_ _c2\"></span>de <span class=\"_ _c5\"></span>ratin<span class=\"_ _0\"></span>g <span class=\"_ _c5\"></span>a <span class=\"_ _c2\"></span>largo <span class=\"_ _c2\"></span>plazo <span class=\"_ _c5\"></span>en<span class=\"_ _0\"></span> <span class=\"_ _c5\"></span>\u201cA-\u201c <span class=\"_ _c2\"></span>y <span class=\"_ _c5\"></span>a <span class=\"_ _c2\"></span>corto <span class=\"_ _c2\"></span>plazo <span class=\"_ _c2\"></span>en <span class=\"_ _c5\"></span>\u201cA-2\u201d, <span class=\"_ _c2\"></span>con <span class=\"_ _c2\"></span>una </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:74.95639px;\">perspectiva estable<span class=\"_ _0\"></span>.   </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:52.02437px;\">Con fecha <span class=\"_ _c4\"></span>14 de <span class=\"_ _c4\"></span>octubre<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>2022, <span class=\"_ _1\"></span>la agencia <span class=\"_ _1\"></span>de <span class=\"_ _1\"></span>calificaci\u00f3n crediticia <span class=\"_ _1\"></span>Fitch Ratings <span class=\"_ _1\"></span>otorgo <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>rating a <span class=\"_ _1\"></span>corto </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:35.64438px;\">plazo <span class=\"_ _1\"></span>a <span class=\"_ _c4\"></span>la <span class=\"_ _c4\"></span>Sociedad <span class=\"_ _1\"></span>de <span class=\"_ _c4\"></span>\u2018F1\u2019 <span class=\"_ _1\"></span>con <span class=\"_ _c4\"></span>perspectiva <span class=\"_ _1\"></span>estable. <span class=\"_ _1\"></span>Tr<span class=\"_ _1\"></span>as <span class=\"_ _1\"></span>este <span class=\"_ _c4\"></span>anuncio <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>Sociedad <span class=\"_ _c4\"></span>y <span class=\"_ _c4\"></span>su <span class=\"_ _1\"></span>filial <span class=\"_ _1\"></span>Red <span class=\"_ _c4\"></span>El\u00e9ctrica </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:19.108414px;\">de <span class=\"_ _0\"></span>Espa\u00f1a, S.A.U.<span class=\"_ _0\"></span> mantienen <span class=\"_ _0\"></span>un niv<span class=\"_ _0\"></span>el de <span class=\"_ _0\"></span>rating <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>largo plazo <span class=\"_ _0\"></span>en <span class=\"_ _0\"></span>\u2018A-\u2019 y <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>sit\u00faan <span class=\"_ _0\"></span>a corto <span class=\"_ _0\"></span>plazo <span class=\"_ _0\"></span>en \u2018F1\u2019 <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>una </div><div class=\"t m0 h7 ff3 fs1 fc1 sc0 ls0 ws0\" style=\"left:0.00737381px; bottom:2.7283783px;\">perspectiva estable<span class=\"_ _0\"></span>.<span class=\"_ _29d\"> </span>  </div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-567": {
   "value": "   Fondos propios  o  Capital social  A 31 de diciembre de 2022 y de 2021 el Capital social de la Sociedad est\u00e1 representado por 541.080.000 acciones representadas mediante anotaciones en cuenta, totalmente suscritas y desembolsadas, con los mismos derechos pol\u00edticos y econ\u00f3micos (sin perjuicio de los l\u00edmites establecidos en el p\u00e1rrafo siguiente), y con valor nominal de cincuenta c\u00e9ntimos de euro cada una, admitidas a cotizaci\u00f3n en las cuatro Bolsas espa\u00f1olas en el Sistema de Interconexi\u00f3n Burs\u00e1til Espa\u00f1ol (SIBE).   La Sociedad, est\u00e1 sujeta a los l\u00edmites accionariales establecidos en la disposici\u00f3n adicional vig\u00e9sima ter- cera de la Ley 54/1997, de 27 de noviembre y en el art\u00edculo 30 de la Ley 24/2013, de 26 de diciembre, del Sector El\u00e9ctrico.   De acuerdo con estas disposiciones, cualquier persona f\u00edsica o jur\u00eddica podr\u00e1 participar en el accionariado de la Sociedad, siempre que la suma de su participaci\u00f3n directa o indirecta en el capital de esta Sociedad no supere el 5% del Capital social, ni ejerza derechos pol\u00edticos por encima del 3%. Estas acciones no podr\u00e1n sindicarse a ning\u00fan efecto. En el caso de sujetos que realicen actividades en el Sector El\u00e9ctrico y aquellas personas f\u00edsicas o jur\u00eddicas que, directa o indirectamente participen en el capital de \u00e9stos con una cuota superior al 5%, no podr\u00e1n ejercer derechos pol\u00edticos en la Sociedad matriz por encima del 1%, sin perjuicio de las limitaciones establecidas en el art\u00edculo 30 de la citada Ley 24/2013, para generadores y comercializadores. Los l\u00edmites de participaci\u00f3n en el capital de la Sociedad matriz no aplican a la Socie- dad Estatal de Participaciones Industriales (SEPI) que mantendr\u00e1, en todo caso, una participaci\u00f3n no in- ferior al 10%. A 31 de diciembre de 2022 y 2021, SEPI posee una participaci\u00f3n del 20% en el Capital social de la Sociedad.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-568": {
   "value": "o  Reservas  Este ep\u00edgrafe recoge:     Reserva legal  Las sociedades espa\u00f1olas est\u00e1n obligadas a destinar el 10% de los beneficios de cada ejercicio a la constituci\u00f3n de un fondo de reserva hasta que este alcance, al menos, el 20% del Capital social. Esta reserva no es distribuible  a  los  accionistas, mientras no supere el l\u00edmite indicado,  y  s\u00f3lo  podr\u00e1  ser utilizada para cubrir, en el caso de no tener otras reservas disponibles, el saldo deudor de la Cuenta de resultados. Tambi\u00e9n, bajo determinadas condiciones se podr\u00e1 destinar a incrementar el Capital social. A 31 de diciembre de 2022 y de 2021 la Reserva legal alcanza en la sociedad matriz el 20% del Capital social (54.199 miles de euros).     Otras reservas  Este concepto incorpora las Reservas voluntarias de la Sociedad matriz, las Reservas en sociedades consolidadas y las Reservas de primera aplicaci\u00f3n. A 31 de diciembre de 2022 ascienden a 3.640.830 miles de euros (2.570.603 miles de euros en 2021).   Como consecuencia de la  transmisi\u00f3n de un 49% de la participaci\u00f3n de Reintel (ver nota 2.g) esta partida ha aumentado en 920.760 miles de euros obtenidos como resultado de la plusval\u00eda neta de impuestos de la operaci\u00f3n.  Adicionalmente, este ep\u00edgrafe incluye reservas procedentes de disposiciones legales por importe de 369.457 miles de euros (364.909 miles de euros en 2021), destacando las siguientes:     La Reserva de revalorizaci\u00f3n de activos materiales generada en 1996 en la Sociedad matriz por importe de 247.022 miles de euros. Esta reserva podr\u00e1 destinarse, sin estar sujeta a tributaci\u00f3n, a la eliminaci\u00f3n de resultados contables negativos, a la ampliaci\u00f3n del Capital social o, transcurridos 10 a\u00f1os desde su creaci\u00f3n, a reservas de libre disposici\u00f3n, de acuerdo con lo establecido en el Real Decreto-Ley 2607/1996. No obstante, s\u00f3lo podr\u00e1 ser objeto de distribuci\u00f3n, directa o indirec- tamente, cuando los elementos patrimoniales actualizados est\u00e9n totalmente amortizados, hayan sido transmitidos o dados de baja en el balance.      El Grupo Fiscal, del cual la Sociedad es cabecera, y en virtud de lo establecido en el art\u00edculo 25 de la Ley 27/2014, de 27 de noviembre, recoge la Reserva de capitalizaci\u00f3n, en las sociedades  Red El\u00e9ctrica y Red El\u00e9ctrica Corporaci\u00f3n, S.A. de acuerdo con el art\u00edculo 62.1 d) de la citada Ley, por importe total de 104.910 miles de euros, correspondiente a los ejercicios 2015 (29.110 miles de euros), 2016 (15.406 miles de euros), 2017 (11.312 miles de euros), 2018 (16.707 miles de euros), 2019 (19.668 miles de euros), 2020 (8.160 miles de euros) y 2021 (4.548 miles de euros). Dicha reserva ser\u00e1 indisponible durante el plazo de cinco a\u00f1os. La propuesta para dotar la Reserva de capitalizaci\u00f3n del ejercicio finalizado el 31 de diciembre de 2022, de acuerdo con el mencionado art\u00edculo 62.1.d) de la citada Ley por importe de 18.865 miles de euros se realizar\u00e1 en la sociedad Red El\u00e9ctrica Corporaci\u00f3n, S.A. como sociedad cabecera del Grupo Fiscal. Asimismo, cada socie- dad del Grupo Fiscal ha realizado  el ajuste correspondiente en el Impuesto  de Sociedades del ejercicio 2022 por este concepto (v\u00e9ase nota 23).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfReservesAndOtherEquityInterestExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-490": {
   "value": "o  Acciones y participaciones en patrimonio propias  Las acciones de la Sociedad dominante en poder de la misma a 31 de diciembre de 2022 representan el 0,28% del capital social de la Sociedad matriz y totalizan 1.499.900 acciones, de valor nominal de 0,50 euros por acci\u00f3n, con un valor nominal global de 750 miles de euros y un precio medio de adqui- sici\u00f3n de 17,53 euros por acci\u00f3n (A 31 de diciembre de 2021, 1.803.433 acciones, de valor nominal de 0,50 euros por acci\u00f3n, que representaban el 0,33% del Capital social, con un valor nominal global de 902 miles de euros y un precio medio de adquisici\u00f3n de 17,53 euros por acci\u00f3n).  Dichas acciones se encuentran registradas reduciendo el valor del Patrimonio neto del Grupo a 31 de diciembre de 2022 por importe de 26.296 miles de euros (31.618 miles de euros en 2021).  La Sociedad dominante ha cumplido las obligaciones derivadas del art\u00edculo 509 de la Ley de Socieda- des de Capital que establece que salvo en los supuestos de libre adquisici\u00f3n de las propias acciones, en las sociedades cotizadas el valor nominal de las acciones propias adquiridas directa o indirecta- mente por la sociedad, sum\u00e1ndose al de las que ya posean la Sociedad dominante y sus sociedades filiales, no debe exceder del 10% del Capital social suscrito. Las sociedades filiales no poseen ni accio- nes propias ni de la Sociedad dominante.  ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTreasurySharesExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-617": {
   "value": "o  Dividendo a cuenta del ejercicio y propuesta de distribuci\u00f3n de dividendo de la Sociedad matriz  El Dividendo a cuenta aprobado por el Consejo de Administraci\u00f3n durante el ejercicio 2022 figura mi- norando el Patrimonio neto del Grupo a 31 de diciembre de 2022 por importe de 147.143 miles de euros (147.061 miles de euros a 31 de diciembre de 2021) (v\u00e9ase nota 19).  El d\u00eda 25 de octubre de 2022 el Consejo de Administraci\u00f3n de la Sociedad acord\u00f3 repartir un dividendo a cuenta de los resultados del ejercicio 2022 por un importe bruto de 0,2727 euros por acci\u00f3n, pagadero el 9 de enero de 2023 (0,2727 euros brutos por acci\u00f3n en 2021).  Los dividendos pagados durante el ejercicio 2022 y 2021 se detallan a continuaci\u00f3n:      2022  2021 % Sobre  Euros por % Sobre Euros por Importe Importe Miles de euros nominal acci\u00f3n nominal acci\u00f3n Acciones ordinarias  200,00% 1,0000 543.881 200,00% 1,0000 538.995 Dividendos totales pagados  200,00% 1,0000 543.881 200,00% 1,0000 538.995 Dividendos con cargo a resultados 200,00% 1,0000 543.881 200,00% 1,0000 538.995 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDividendsExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-616": {
   "value": "La previsi\u00f3n de tesorer\u00eda correspondiente al periodo comprendido entre el 30 de septiembre de 2022 y el 9 de enero de 2023 puso de manifiesto la existencia de liquidez suficiente para la distribuci\u00f3n de dicho dividendo y, de acuerdo con los requisitos establecidos en el art\u00edculo 277 apartado a) de la Ley de Sociedades de Capital.  En base a esto, de acuerdo con los requisitos establecidos en el art\u00edculo 277 apartado a) de la Ley de Sociedades de Capital, fue formulado el siguiente estado previsional de liquidez:   Estado de liquidez de Red El\u00e9ctrica Corporaci\u00f3n, S.A.  Miles de euros Fondos disponibles 30-09-2022: Cr\u00e9ditos disponibles a largo plazo  239.190 Cr\u00e9ditos disponibles a corto plazo  125.000 Inversiones financieras temporales y tesorer\u00eda  16.914 Previsiones de cobros: Operaciones corrientes  - Operaciones financieras  348.281 Previsiones de pagos:   Operaciones corrientes  (324.273) Operaciones financieras  (208.176) Previsi\u00f3n de fondos disponibles a 09-01-2023:  196.936 El Consejo de Administraci\u00f3n de la Sociedad matriz ha propuesto a la Junta General de Accionistas un dividendo complementario por importe de 0,7273 euros por acci\u00f3n, ascendiendo el dividendo total del ejercicio 2022 a 1 euro por acci\u00f3n (1 euro en 2021).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAdditionalInformationAboutUnderstandingFinancialPositionsAndLiquidityOfEntityExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-14": {
   "value": "1",
   "decimals": 4,
   "dimensions": {
    "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersPerShare",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR/xbrli:shares"
   }
  },
  "fact-491": {
   "value": "1",
   "decimals": 4,
   "dimensions": {
    "concept": "ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR/xbrli:shares"
   }
  },
  "fact-15": {
   "value": "1",
   "decimals": 4,
   "dimensions": {
    "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersPerShare",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR/xbrli:shares"
   }
  },
  "fact-492": {
   "value": "1",
   "decimals": 4,
   "dimensions": {
    "concept": "ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR/xbrli:shares"
   }
  },
  "fact-569": {
   "value": "c)  Participaciones no dominantes  El saldo incluido en el apartado Participaciones no dominantes dentro del Patrimonio neto del Estado de situaci\u00f3n financiera consolidado, recoge en 2022 el valor de la participaci\u00f3n no dominante en todas las so- ciedades del Subgrupo Hispasat, en Reintel as\u00ed como en la sociedad chilena Redenor.  El detalle de movimientos en los ejercicios 2022 y 2021 es el siguiente:  Cam- Cam- bios de Resul- 31 de bios per\u00edme- Reparto 31 de 31 de di- tado di- Resul- de pe- tro y de divi- diciem- ciembre del Otros ciem- tado del r\u00edme- amplia- dendos bre de de 2020 ejerci- bre de ejercicio tro y ciones y otros 2022 cio 2021 otros de ca- Miles de euros pital Participaciones no Dominantes  56.351 (8.217) 5.657 258 54.049 40.135 16.456 (5.899) 104.741 En 2022, en cambios de per\u00edmetro y ampliaciones de capital se refleja principalmente la venta de una parti- cipaci\u00f3n minoritaria del 49% de Red El\u00e9ctrica Infraestructuras de Telecomunicaci\u00f3n, S.A.U (Reintel), socie- dad participada al cierre del ejercicio 2022 en un 51% por la sociedad matriz (v\u00e9ase nota 2.g), as\u00ed como la entrada en el perimetro de consolidaci\u00f3n de Axess.   Redeia mantiene el 51% de la participaci\u00f3n de Reintel a trav\u00e9s de su sociedad matriz, as\u00ed como el control y la gesti\u00f3n de la misma, por lo que la transacci\u00f3n se considera una operaci\u00f3n con participaciones no domi- nantes, lo que ha supuesto en el Grupo en el ejercicio 2022, un incremento de las participaciones no domi- nantes sin impacto en la cuenta de resultados consolidada ni en el m\u00e9todo de consolidaci\u00f3n de Reintel que seguir\u00e1 siendo consolidada por el m\u00e9todo de integraci\u00f3n global. Por otro lado, Redeia tiene el control del 89,68% de Axess a trav\u00e9s de Hispasat (ver nota 6) gener\u00e1ndose participaciones no dominantes por el res- tante 10,32% que no posee el Grupo.  En 2021, en cambios  de  per\u00edmetro y otros se reflej\u00f3 la adquisici\u00f3n  del 19,04% al socio minoritario de la totalidad de su participaci\u00f3n en Hispamar Sat\u00e9lites, S.A. pasando de este modo el Grupo Hispasat a ser el \u00fanico accionista de esta sociedad (v\u00e9ase nota 2.g).  En relaci\u00f3n con las principales Participaciones no  dominantes antes  detalladas,  la informaci\u00f3n financiera resumida de los activos, pasivos y resultado a 31 de diciembre de 2022 y de 2021 de la sociedad donde se participa es el siguiente:  Redenor  Subgrupo Hispasat  Reintel Miles de euros 2022  2021  2022  2021  2022 Activos no corrientes  115.195 117.630 1.074.105 925.011 402.233 Activos corrientes   22.208 14.684 153.141 143.009 73.909 Activo  137.403 132.314 1.227.246 1.068.020 476.142 Pasivos no corrientes   106.442 91.050 367.725 226.525 358.016 Pasivos corrientes  18.468 13.892 135.197 121.928 21.777 Pasivo  124.910 104.942 502.922 348.453 379.793 Patrimonio Neto  12.493 27.372 724.324 719.567 96.349 Ingresos   2.926 1.331 229.852 181.017 142.851 Gastos  1.727 1.450 84.676 57.380 37.167 Resultado bruto de explotaci\u00f3n   1.199 (119) 145.176 123.637 105.684 Resultado despu\u00e9s de Impuestos  (928) 117 42.662 55.375 56.636 Resultado atribuido a Participaciones no dominantes  (279) 26 4.697 5.631 12.038",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNoncontrollingInterestsExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-516": {
   "value": "15 Subvenciones y otros cobros anticipados no corrientes  El movimiento de las Subvenciones y otros cobros anticipados no corrientes en los ejercicios 2022 y 2021 ha sido el siguiente:   Traspa- Traspa- Adicio- Adicio- sos a 31.12.2020 sos a re- 31.12.2021 Bajas 31.12.2022 nes nes resulta- sultados Miles de euros dos Subvenciones de  Capital y otros cobros anticipados 707.920 46.533 (28.451) 726.002 51.546 (619) (30.431) 746.498 no corrientes  Dentro de Subvenciones de capital incluye fundamentalmente tanto las cantidades recibidas por Red El\u00e9c- trica para la construcci\u00f3n de instalaciones el\u00e9ctricas como por Hispasat para la construcci\u00f3n de activos sate- litales.   Dentro de Otras subvenciones y otros cobros anticipados, se incluyen las deducciones en el impuesto sobre sociedades por inversiones en activos fijos en Canarias que, por su naturaleza, son asimilables a subvencio- nes de capital (v\u00e9ase nota 2c). Asimismo, se recogen las cantidades o instalaciones t\u00e9cnicas recibidas por el Grupo derivadas de acuerdos con terceros.   Los traspasos a resultados se corresponden con la imputaci\u00f3n anual a la Cuenta de resultados consolidada del ejercicio en que se producen, en funci\u00f3n de la vida \u00fatil de los activos asociados a dichas deducciones y acuerdos.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGovernmentGrantsExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-517": {
   "value": "16 Provisiones no corrientes y corrientes El movimiento de este ep\u00edgrafe del pasivo del Estado de situaci\u00f3n financiera consolidado adjunto durante los ejercicios 2022 y 2021, se muestra a continuaci\u00f3n:  Modifica- P\u00e9rdidas y ci\u00f3n per\u00ed- Diferen- Aplicacio- Traspa- Ganancias 31.12.2021  Adiciones metro de cia de 31.12.2022 nes sos Actuaria- consolida- cambio les Miles de euros ci\u00f3n Provisiones no corrientes Provisiones de personal  74.577 17.716 (1.649) - (21.147) - - 69.497 Otras provisiones  55.388 14.560 (11.260) - 11.269 368 70.325 Total no corriente  129.965 32.276 (12.909) - (21.147) 11.269 368 139.822 Provisiones corrientes Otras provisiones  21.202 4.584 - 2.235 - - 2.515 30.536 Total corriente  21.202 4.584 - 2.235 - - 2.515 30.536 Total Provisiones  151.167 36.860 (12.909) 2.235 (21.147) - 2.883 170.358 P\u00e9rdidas y Aplicacio- Diferencia 31.12.2020  Adiciones Traspasos Ganancias 31.12.2021 nes de cambio Actuariales Miles de euros Provisiones no corrientes Provisiones de personal  81.723 6.268 (2.141) (11.273) 74.577 Otras provisiones  54.263 8.578 (7.453) - 55.388 Total no corriente  135.986 14.846 (9.594) - (11.273) - 129.965 Provisiones corrientes Provisiones de personal  - - - - - Otras provisiones  57.183 2.530 (947) (37.925) - 361 21.202 Total corriente  57.183 2.530 (947) (37.925) - 361 21.202 Total Provisiones  193.169 17.376 (10.541) (37.925) (11.273) 361 151.167 Dentro del ep\u00edgrafe de Provisiones de personal se incluyen los planes de prestaci\u00f3n definida que recogen principalmente los compromisos futuros, fundamentalmente seguro m\u00e9dico, asumidos por el Grupo con su personal desde el momento en que se jubile, calculados en base a estudios actuariales realizados por un experto independiente. El detalle de los mencionados planes de prestaci\u00f3n definida, son los siguientes:  31.12.2021  Adiciones  Aplicaciones  Actuariales  31.12.2022 Miles de euros Pasivo Largo Plazo Plan Prestaci\u00f3n Definida  70.372 3.011 (1.332) (21.146) 50.905 31.12.2020  Adiciones  Aplicaciones  Actuariales  31.12.2021 Miles de euros Pasivo Largo Plazo Plan Prestaci\u00f3n Definida  80.823 2.621 (1.799) (11.273) 70.372 En los ejercicios 2022 y 2021 el incremento est\u00e1 motivado principalmente por el devengo anual, as\u00ed como por la evoluci\u00f3n de las hip\u00f3tesis actuariales tomadas. Las adiciones se registran como Gastos de personal o Gastos financieros, seg\u00fan sea su naturaleza. Los cambios en hip\u00f3tesis actuariales se registran en Reservas.   El importe de Gastos de personal reconocido en el ejercicio 2022 en la Cuenta de resultados consolidada por este concepto asciende a 1.026 miles de euros (1.646 miles de euros en 2021), el importe de Gastos finan- cieros reconocido en el ejercicio 2022 en la Cuenta de resultados consolidada asciende a 975 miles de euros (975 miles de euros en 2021)   En relaci\u00f3n con la variaci\u00f3n de las p\u00e9rdidas y ganancias actuariales en 2022 han supuesto una variaci\u00f3n por importe de -21.147 miles de euros (-11.273 miles de euros en 2021). El desglose de las p\u00e9rdidas y ganancias actuariales registradas se deben a cambios en hip\u00f3tesis financieras por importe de -20.296 miles de euros (- 5.670 miles de euros en 2021) y a cambios en hip\u00f3tesis demogr\u00e1ficas por un importe de -851 miles de euros (de -5.603 miles de euros en 2021)  Las hip\u00f3tesis utilizadas para el ejercicio 2022 y 2021 han sido las siguientes:  Hip\u00f3tesis actuariales 2022  2021 Tasa de descuento  2,87%  1,21% Crecimiento coste   3,0%  3,0% Tabla supervivencia  PERM/F2020 1er orden  PERM/F2020 1er orden El efecto que tendr\u00eda que tendr\u00edan un incremento, y una disminuci\u00f3n de un punto porcentual, en la variaci\u00f3n asumida respecto a los costes de seguro m\u00e9dico en 2022, ser\u00eda el que se detalla a continuaci\u00f3n:  2022 Crecimiento coste se- Crecimiento coste guro m\u00e9dico (+1%) Sensibilidad seguro m\u00e9dico (-1%) Sensibilidad Miles de euros 4% 3% 2% 3% Coste de los servicios del ejercicio actual  1.187 916 271 714 916 (202) Coste por intereses del coste del seguro m\u00e9dico  1.771 1.767 4 1.764 1.767 (3) post-empleo neto Obligaciones acumuladas por prestaciones post-empleo  54.512 44.471 10.041 36.701 44.471 (7.770) derivadas del coste seguro m\u00e9dico Por otra parte, el efecto que tendr\u00eda una disminuci\u00f3n de medio punto porcentual en el tipo de descuento utilizado en 2022 como hip\u00f3tesis actuarial, pasando del 2,87% al 2,37%, respecto a los costes de seguro m\u00e9dico, en miles de euros, es el que se detalla a continuaci\u00f3n: 2022  Tasa de descuento Sensibilidad Miles de euros 2,87%  2,37% Coste de los servicios del ejercicio actual  916 1.040 124 Coste por intereses del coste sanitario post-empleo neto  1.767 1.461 (306) Obligaciones acumuladas por prestaciones post-empleo derivadas del coste seguro 44.471 49.076 4.605 m\u00e9dico Adicionalmente, tambi\u00e9n se incluyen en el ep\u00edgrafe Provisiones de personal los planes de retribuci\u00f3n a largo plazo y otras obligaciones (v\u00e9ase nota 4 l). A 31 de diciembre de 2022 se han reconocido en la Cuenta de resultados consolidada como Gastos de personal, por estos conceptos, 13.281 miles de euros (2.138 miles de euros en 2021).  El ep\u00edgrafe Otras provisiones recoge fundamentalmente los importes dotados en cada ejercicio por el Grupo para cubrir eventuales resultados desfavorables relativos a procedimientos administrativos, expedientes ad- ministrativos sancionadores y a procedimientos contencioso-administrativos, principalmente concernientes a procedimientos expropiatorios, y reclamaciones extrajudiciales, entre otros. Los importes dotados que cubren estos eventos son valorados en base al contenido econ\u00f3mico de los recursos, litigios, reclamaciones y, en general, las acciones judiciales o extrajudiciales que est\u00e1n actualmente en tramitaci\u00f3n y de los que son parte las sociedades del Grupo.   En 2022 se ha incluido en modificaciones del per\u00edmetro de consolidaci\u00f3n las provisiones correspondientes al valor razonable de los pasivos contingentes legales y fiscales identificados en la combinaci\u00f3n de negocios de Axess (ver nota 6).  Asimismo, se recogen provisiones correspondientes al valor razonable de los pasivos contingentes identifi- cados en la combinaci\u00f3n de negocios de la adquisici\u00f3n del Subgrupo Hispasat fundamentalmente asociados a contingencias legales y fiscales en Brasil que permanecen pendientes de resoluci\u00f3n.   Al cierre del ejercicio 2022, el Grupo tiene abiertos una serie de procedimientos, principalmente en materia contencioso\u2013administrativa y sancionadora. Se han valorado los riesgos y no se espera que se produzcan hechos que supongan pasivos no contemplados en los Estados Financieros del Grupo o que afecten signifi- cativamente a los resultados de Redeia.  ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProvisionsExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-570": {
   "value": "Modifica- P\u00e9rdidas y ci\u00f3n per\u00ed- Diferen- Aplicacio- Traspa- Ganancias 31.12.2021  Adiciones metro de cia de 31.12.2022 nes sos Actuaria- consolida- cambio les Miles de euros ci\u00f3n Provisiones no corrientes Provisiones de personal  74.577 17.716 (1.649) - (21.147) - - 69.497 Otras provisiones  55.388 14.560 (11.260) - 11.269 368 70.325 Total no corriente  129.965 32.276 (12.909) - (21.147) 11.269 368 139.822 Provisiones corrientes Otras provisiones  21.202 4.584 - 2.235 - - 2.515 30.536 Total corriente  21.202 4.584 - 2.235 - - 2.515 30.536 Total Provisiones  151.167 36.860 (12.909) 2.235 (21.147) - 2.883 170.358 2022  Tasa de descuento Sensibilidad Miles de euros 2,87%  2,37% Coste de los servicios del ejercicio actual  916 1.040 124 Coste por intereses del coste sanitario post-empleo neto  1.767 1.461 (306) Obligaciones acumuladas por prestaciones post-empleo derivadas del coste seguro 44.471 49.076 4.605 m\u00e9dico Adicionalmente, tambi\u00e9n se incluyen en el ep\u00edgrafe Provisiones de personal los planes de retribuci\u00f3n a largo plazo y otras obligaciones (v\u00e9ase nota 4 l). A 31 de diciembre de 2022 se han reconocido en la Cuenta de resultados consolidada como Gastos de personal, por estos conceptos, 13.281 miles de euros (2.138 miles de euros en 2021).  El ep\u00edgrafe Otras provisiones recoge fundamentalmente los importes dotados en cada ejercicio por el Grupo para cubrir eventuales resultados desfavorables relativos a procedimientos administrativos, expedientes ad- ministrativos sancionadores y a procedimientos contencioso-administrativos, principalmente concernientes a procedimientos expropiatorios, y reclamaciones extrajudiciales, entre otros. Los importes dotados que cubren estos eventos son valorados en base al contenido econ\u00f3mico de los recursos, litigios, reclamaciones y, en general, las acciones judiciales o extrajudiciales que est\u00e1n actualmente en tramitaci\u00f3n y de los que son parte las sociedades del Grupo.   En 2022 se ha incluido en modificaciones del per\u00edmetro de consolidaci\u00f3n las provisiones correspondientes al valor razonable de los pasivos contingentes legales y fiscales identificados en la combinaci\u00f3n de negocios de Axess (ver nota 6).  Asimismo, se recogen provisiones correspondientes al valor razonable de los pasivos contingentes identifi- cados en la combinaci\u00f3n de negocios de la adquisici\u00f3n del Subgrupo Hispasat fundamentalmente asociados a contingencias legales y fiscales en Brasil que permanecen pendientes de resoluci\u00f3n.   Al cierre del ejercicio 2022, el Grupo tiene abiertos una serie de procedimientos, principalmente en materia contencioso\u2013administrativa y sancionadora. Se han valorado los riesgos y no se espera que se produzcan hechos que supongan pasivos no contemplados en los Estados Financieros del Grupo o que afecten signifi- cativamente a los resultados de Redeia. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherProvisionsExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-618": {
   "value": "Dentro del ep\u00edgrafe de Provisiones de personal se incluyen los planes de prestaci\u00f3n definida que recogen principalmente los compromisos futuros, fundamentalmente seguro m\u00e9dico, asumidos por el Grupo con su personal desde el momento en que se jubile, calculados en base a estudios actuariales realizados por un experto independiente. El detalle de los mencionados planes de prestaci\u00f3n definida, son los siguientes: 31.12.2021  Adiciones  Aplicaciones  Actuariales  31.12.2022 Miles de euros Pasivo Largo Plazo Plan Prestaci\u00f3n Definida  70.372 3.011 (1.332) (21.146) 50.905 31.12.2020  Adiciones  Aplicaciones  Actuariales  31.12.2021 Miles de euros Pasivo Largo Plazo Plan Prestaci\u00f3n Definida  80.823 2.621 (1.799) (11.273) 70.372 En los ejercicios 2022 y 2021 el incremento est\u00e1 motivado principalmente por el devengo anual, as\u00ed como por la evoluci\u00f3n de las hip\u00f3tesis actuariales tomadas. Las adiciones se registran como Gastos de personal o Gastos financieros, seg\u00fan sea su naturaleza. Los cambios en hip\u00f3tesis actuariales se registran en Reservas.   El importe de Gastos de personal reconocido en el ejercicio 2022 en la Cuenta de resultados consolidada por este concepto asciende a 1.026 miles de euros (1.646 miles de euros en 2021), el importe de Gastos finan- cieros reconocido en el ejercicio 2022 en la Cuenta de resultados consolidada asciende a 975 miles de euros (975 miles de euros en 2021)   En relaci\u00f3n con la variaci\u00f3n de las p\u00e9rdidas y ganancias actuariales en 2022 han supuesto una variaci\u00f3n por importe de -21.147 miles de euros (-11.273 miles de euros en 2021). El desglose de las p\u00e9rdidas y ganancias actuariales registradas se deben a cambios en hip\u00f3tesis financieras por importe de -20.296 miles de euros (- 5.670 miles de euros en 2021) y a cambios en hip\u00f3tesis demogr\u00e1ficas por un importe de -851 miles de euros (de -5.603 miles de euros en 2021)  Las hip\u00f3tesis utilizadas para el ejercicio 2022 y 2021 han sido las siguientes:  Hip\u00f3tesis actuariales 2022  2021 Tasa de descuento  2,87%  1,21% Crecimiento coste   3,0%  3,0% Tabla supervivencia  PERM/F2020 1er orden  PERM/F2020 1er orden El efecto que tendr\u00eda que tendr\u00edan un incremento, y una disminuci\u00f3n de un punto porcentual, en la variaci\u00f3n asumida respecto a los costes de seguro m\u00e9dico en 2022, ser\u00eda el que se detalla a continuaci\u00f3n:  2022 Crecimiento coste se- Crecimiento coste guro m\u00e9dico (+1%) Sensibilidad seguro m\u00e9dico (-1%) Sensibilidad Miles de euros 4% 3% 2% 3% Coste de los servicios del ejercicio actual  1.187 916 271 714 916 (202) Coste por intereses del coste del seguro m\u00e9dico  1.771 1.767 4 1.764 1.767 (3) post-empleo neto Obligaciones acumuladas por prestaciones post-empleo  54.512 44.471 10.041 36.701 44.471 (7.770) derivadas del coste seguro m\u00e9dico Por otra parte, el efecto que tendr\u00eda una disminuci\u00f3n de medio punto porcentual en el tipo de descuento utilizado en 2022 como hip\u00f3tesis actuarial, pasando del 2,87% al 2,37%, respecto a los costes de seguro m\u00e9dico, en miles de euros, es el que se detalla a continuaci\u00f3n: 2022  Tasa de descuento Sensibilidad Miles de euros 2,87%  2,37% Coste de los servicios del ejercicio actual  916 1.040 124 Coste por intereses del coste sanitario post-empleo neto  1.767 1.461 (306) Obligaciones acumuladas por prestaciones post-empleo derivadas del coste seguro 44.471 49.076 4.605 m\u00e9dico Adicionalmente, tambi\u00e9n se incluyen en el ep\u00edgrafe Provisiones de personal los planes de retribuci\u00f3n a largo plazo y otras obligaciones (v\u00e9ase nota 4 l). A 31 de diciembre de 2022 se han reconocido en la Cuenta de resultados consolidada como Gastos de personal, por estos conceptos, 13.281 miles de euros (2.138 miles de euros en 2021).  El ep\u00edgrafe Otras provisiones recoge fundamentalmente los importes dotados en cada ejercicio por el Grupo para cubrir eventuales resultados desfavorables relativos a procedimientos administrativos, expedientes ad- ministrativos sancionadores y a procedimientos contencioso-administrativos, principalmente concernientes a procedimientos expropiatorios, y reclamaciones extrajudiciales, entre otros. Los importes dotados que cubren estos eventos son valorados en base al contenido econ\u00f3mico de los recursos, litigios, reclamaciones y, en general, las acciones judiciales o extrajudiciales que est\u00e1n actualmente en tramitaci\u00f3n y de los que son parte las sociedades del Grupo.   En 2022 se ha incluido en modificaciones del per\u00edmetro de consolidaci\u00f3n las provisiones correspondientes al valor razonable de los pasivos contingentes legales y fiscales identificados en la combinaci\u00f3n de negocios de Axess (ver nota 6).  Asimismo, se recogen provisiones correspondientes al valor razonable de los pasivos contingentes identifi- cados en la combinaci\u00f3n de negocios de la adquisici\u00f3n del Subgrupo Hispasat fundamentalmente asociados a contingencias legales y fiscales en Brasil que permanecen pendientes de resoluci\u00f3n.   Al cierre del ejercicio 2022, el Grupo tiene abiertos una serie de procedimientos, principalmente en materia contencioso\u2013administrativa y sancionadora. Se han valorado los riesgos y no se espera que se produzcan hechos que supongan pasivos no contemplados en los Estados Financieros del Grupo o que afecten signifi- cativamente a los resultados de Redeia. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDefinedBenefitPlansExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-571": {
   "value": "Las hip\u00f3tesis utilizadas para el ejercicio 2022 y 2021 han sido las siguientes:  Hip\u00f3tesis actuariales 2022  2021 Tasa de descuento  2,87%  1,21% Crecimiento coste   3,0%  3,0% Tabla supervivencia  PERM/F2020 1er orden  PERM/F2020 1er orden El efecto que tendr\u00eda que tendr\u00edan un incremento, y una disminuci\u00f3n de un punto porcentual, en la variaci\u00f3n asumida respecto a los costes de seguro m\u00e9dico en 2022, ser\u00eda el que se detalla a continuaci\u00f3n:  2022 Crecimiento coste se- Crecimiento coste guro m\u00e9dico (+1%) Sensibilidad seguro m\u00e9dico (-1%) Sensibilidad Miles de euros 4% 3% 2% 3% Coste de los servicios del ejercicio actual  1.187 916 271 714 916 (202) Coste por intereses del coste del seguro m\u00e9dico  1.771 1.767 4 1.764 1.767 (3) post-empleo neto Obligaciones acumuladas por prestaciones post-empleo  54.512 44.471 10.041 36.701 44.471 (7.770) derivadas del coste seguro m\u00e9dico Por otra parte, el efecto que tendr\u00eda una disminuci\u00f3n de medio punto porcentual en el tipo de descuento utilizado en 2022 como hip\u00f3tesis actuarial, pasando del 2,87% al 2,37%, respecto a los costes de seguro m\u00e9dico, en miles de euros, es el que se detalla a continuaci\u00f3n: ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSensitivityAnalysisForActuarialAssumptionsExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-626": {
   "value": "17 Otros pasivos no corrientes La partida Otros  pasivos no corrientes incluye fundamentalmente pasivos por contratos derivados  de  los cobros anticipados por los acuerdos firmados con diversos operadores de telecomunicaciones por la cesi\u00f3n de uso de la capacidad de la red de telecomunicaciones que se imputa a la Cuenta de resultados consolidada en funci\u00f3n de la duraci\u00f3n de dichos acuerdos, con unos plazos de vencimiento hasta 2046, por importe de 32.812 miles de euros a  31  de diciembre de  2022  (26.714 miles  de  euros,  a  31  de  diciembre de 2021). Tambi\u00e9n se incluyen a 31 de diciembre de 2022 en este ep\u00edgrafe 29.687 miles de euros cobros de anticipos a cuenta de futuras prestaciones de servicios de capacidad satelital (23.716 miles de euros a 31 de diciembre de 2021).   Asimismo, se incluyen en este ep\u00edgrafe los pasivos no corrientes derivados de las compensaciones abonadas por \u00c9lectricit\u00e9 de France (en adelante, EDF), en virtud del acuerdo de adaptaci\u00f3n de los contratos de sumi- nistro de energ\u00eda el\u00e9ctrica, suscrito en 1997, por importe de 23.625 miles de euros a 31 de diciembre de 2022 y 2021, que siendo compromisos plurianuales podr\u00edan estar condicionados a la construcci\u00f3n de instalacio- nes.     Otros pasivos financieros   El detalle de Otros pasivos financieros a 31 de diciembre de 2022 y 2021 es como sigue : 31/12/2022 31/12/2021 Miles de euros Deudas a largo plazo por arrendamientos  18.343 19.865 Proveedores de inmovilizado y otras deudas  34.288 37.399 Total a largo plazo  52.631 57.264 Dividendo a pagar (nota 13)  147.143 147.061 Deudas a corto plazo por arrendamientos  7.537 8.068 Proveedores de inmovilizado   387.603 315.374 Otras deudas  441.149 282.200 Total a corto plazo  983.432 752.703 Total Otros Pasivos Financieros  1.036.063 809.967 El saldo de Proveedores de inmovilizado recoge fundamentalmente los saldos derivados de la construcci\u00f3n de instalaciones el\u00e9ctricas y de telecomunicaciones. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherLiabilitiesExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-639": {
   "value": "17 Otros pasivos no corrientes La partida Otros  pasivos no corrientes incluye fundamentalmente pasivos por contratos derivados  de  los cobros anticipados por los acuerdos firmados con diversos operadores de telecomunicaciones por la cesi\u00f3n de uso de la capacidad de la red de telecomunicaciones que se imputa a la Cuenta de resultados consolidada en funci\u00f3n de la duraci\u00f3n de dichos acuerdos, con unos plazos de vencimiento hasta 2046, por importe de 32.812 miles de euros a  31  de diciembre de  2022  (26.714 miles  de  euros,  a  31  de  diciembre de 2021). Tambi\u00e9n se incluyen a 31 de diciembre de 2022 en este ep\u00edgrafe 29.687 miles de euros cobros de anticipos a cuenta de futuras prestaciones de servicios de capacidad satelital (23.716 miles de euros a 31 de diciembre de 2021).   Asimismo, se incluyen en este ep\u00edgrafe los pasivos no corrientes derivados de las compensaciones abonadas por \u00c9lectricit\u00e9 de France (en adelante, EDF), en virtud del acuerdo de adaptaci\u00f3n de los contratos de sumi- nistro de energ\u00eda el\u00e9ctrica, suscrito en 1997, por importe de 23.625 miles de euros a 31 de diciembre de 2022 y 2021, que siendo compromisos plurianuales podr\u00edan estar condicionados a la construcci\u00f3n de instalacio- nes. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherNoncurrentAssetsExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-16": {
   "value": "17 Otros pasivos no corrientes La partida Otros  pasivos no corrientes incluye fundamentalmente pasivos por contratos derivados  de  los cobros anticipados por los acuerdos firmados con diversos operadores de telecomunicaciones por la cesi\u00f3n de uso de la capacidad de la red de telecomunicaciones que se imputa a la Cuenta de resultados consolidada en funci\u00f3n de la duraci\u00f3n de dichos acuerdos, con unos plazos de vencimiento hasta 2046, por importe de 32.812 miles de euros a  31  de diciembre de  2022  (26.714 miles  de  euros,  a  31  de  diciembre de 2021). Tambi\u00e9n se incluyen a 31 de diciembre de 2022 en este ep\u00edgrafe 29.687 miles de euros cobros de anticipos a cuenta de futuras prestaciones de servicios de capacidad satelital (23.716 miles de euros a 31 de diciembre de 2021).   Asimismo, se incluyen en este ep\u00edgrafe los pasivos no corrientes derivados de las compensaciones abonadas por \u00c9lectricit\u00e9 de France (en adelante, EDF), en virtud del acuerdo de adaptaci\u00f3n de los contratos de sumi- nistro de energ\u00eda el\u00e9ctrica, suscrito en 1997, por importe de 23.625 miles de euros a 31 de diciembre de 2022 y 2021, que siendo compromisos plurianuales podr\u00edan estar condicionados a la construcci\u00f3n de instalacio- nes. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccruedExpensesAndOtherLiabilitiesExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
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  },
  "fact-518": {
   "value": "17 Otros pasivos no corrientes La partida Otros  pasivos no corrientes incluye fundamentalmente pasivos por contratos derivados  de  los cobros anticipados por los acuerdos firmados con diversos operadores de telecomunicaciones por la cesi\u00f3n de uso de la capacidad de la red de telecomunicaciones que se imputa a la Cuenta de resultados consolidada en funci\u00f3n de la duraci\u00f3n de dichos acuerdos, con unos plazos de vencimiento hasta 2046, por importe de 32.812 miles de euros a  31  de diciembre de  2022  (26.714 miles  de  euros,  a  31  de  diciembre de 2021). Tambi\u00e9n se incluyen a 31 de diciembre de 2022 en este ep\u00edgrafe 29.687 miles de euros cobros de anticipos a cuenta de futuras prestaciones de servicios de capacidad satelital (23.716 miles de euros a 31 de diciembre de 2021).   Asimismo, se incluyen en este ep\u00edgrafe los pasivos no corrientes derivados de las compensaciones abonadas por \u00c9lectricit\u00e9 de France (en adelante, EDF), en virtud del acuerdo de adaptaci\u00f3n de los contratos de sumi- nistro de energ\u00eda el\u00e9ctrica, suscrito en 1997, por importe de 23.625 miles de euros a 31 de diciembre de 2022 y 2021, que siendo compromisos plurianuales podr\u00edan estar condicionados a la construcci\u00f3n de instalacio- nes. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherNoncurrentLiabilitiesExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-519": {
   "value": "18 Pol\u00edtica de gesti\u00f3n del riesgo financiero La Pol\u00edtica de gesti\u00f3n de riesgos del Grupo tiene por objeto establecer los principios y directrices para ase- gurar que los riesgos relevantes, que pudieran afectar a los objetivos y actividades de Redeia, sean identifi- cados, analizados, evaluados, gestionados y controlados, y que estos procesos se realizan de forma siste- m\u00e1tica y con criterios uniformes.   Las directrices principales, contenidas en esta pol\u00edtica, se pueden resumir en:     La gesti\u00f3n de los riesgos debe ser fundamentalmente anticipativa, orient\u00e1ndose tambi\u00e9n al medio y largo plazo y teniendo en cuenta los escenarios posibles en un entorno cada vez m\u00e1s globalizado.     Con car\u00e1cter general, la gesti\u00f3n de los riesgos debe realizarse con criterios de coherencia entre la impor- tancia del riesgo (probabilidad/impacto) y la inversi\u00f3n y medios necesarios para reducirlo.     La gesti\u00f3n de los riesgos financieros debe orientarse a evitar variaciones no deseadas en el valor funda- mental del Grupo, no teniendo como objeto obtener beneficios extraordinarios.  Los responsables financieros de Redeia son los encargados de gestionar los riesgos financieros, asegurando su coherencia con la estrategia del Grupo y coordinando la gesti\u00f3n de los mismos en las distintas empresas, identificando los principales riesgos financieros y definiendo las actuaciones sobre los mismos en base al establecimiento de distintos escenarios financieros.  La metodolog\u00eda para la identificaci\u00f3n, medici\u00f3n, seguimiento y control de estos riesgos, as\u00ed como los indica- dores de gesti\u00f3n y las herramientas de medici\u00f3n y control espec\u00edficos para cada riesgo, est\u00e1n implantadas en el Sistema de Gesti\u00f3n Integral de Riesgos de  Redeia,  y  su  formalizaci\u00f3n se recoge  en la  Pol\u00edtica de Gesti\u00f3n Integral de Riesgos y en el Procedimiento General de Gesti\u00f3n y control integral de riesgos.  Los riesgos financieros a que est\u00e1 expuesto el Grupo son:  a)  Riesgo de mercado  Corresponde a variaciones en la situaci\u00f3n de los mercados financieros en relaci\u00f3n a los precios, los tipos de inter\u00e9s y de cambio, de condiciones crediticias, o de otras variables que puedan afectar a los costes finan- cieros a corto, a medio o a largo plazo.  La gesti\u00f3n de estos riesgos se realiza tanto sobre las operaciones de endeudamiento a realizar, su moneda, plazo y tipo de inter\u00e9s, como a trav\u00e9s de la utilizaci\u00f3n de instrumentos financieros de cobertura que permitan modificar las caracter\u00edsticas de la estructura financiera. Dentro de los riesgos de mercado destacan funda- mentalmente:      Riesgo de tipo de inter\u00e9s  Las variaciones de los tipos de inter\u00e9s modifican el valor razonable de los activos y pasivos que devengan un tipo de inter\u00e9s fijo, as\u00ed como los flujos futuros de los activos y pasivos referenciados a un tipo de inter\u00e9s variable. La estructura de la Deuda financiera a 31 de diciembre de 2022 y 2021, es la siguiente:  2022  2021 Tipo  Tipo  Tipo fijo Tipo fijo Miles de euros variable variable Emisiones a largo plazo  3.685.453 14.954 3.966.864 14.947 Deuda bancaria a largo plazo  1.136.744 626.658 1.041.714 857.729 Emisiones a corto plazo  305.623 - 405.027 - Deuda bancaria a corto plazo   331.009 43.231 418.292 517.734 Total Deuda financiera (bruta)  5.458.829 684.843 5.831.897 1.390.409 Porcentaje  89% 11% 81% 19% La estructura de la Deuda financiera refleja un perfil de riesgo bajo, con una moderada exposici\u00f3n a variacio- nes en los tipos de inter\u00e9s, consecuencia de la pol\u00edtica de endeudamiento llevada a cabo, que tiene entre sus objetivos adecuar el coste de la deuda a la tasa de retribuci\u00f3n financiera aplicada a los activos del Grupo sometidos a regulaci\u00f3n.   El riesgo de tipo de inter\u00e9s al que el Grupo est\u00e1 expuesto a 31 de diciembre de 2022 y 2021 afecta funda- mentalmente al Patrimonio neto del ejercicio, como consecuencia de cambios en el valor razonable de los instrumentos financieros derivados, no vi\u00e9ndose alterado el resultado consolidado del ejercicio. A continua- ci\u00f3n, se muestra, en miles de euros, un an\u00e1lisis de sensibilidad de dicho riesgo:   Efecto en el Patrimonio neto Consolidado por  variaci\u00f3n en los tipos de inter\u00e9s de mercado 2022  2021 Miles de euros +0,10% -0,10% +0,10% -0,10% Coberturas de tipo de inter\u00e9s:  - Cobertura de flujos de caja. Swap de tipo de inter\u00e9s  2.102 (2.118) 2.071 (2.042) Coberturas de tipo de inter\u00e9s y de tipo de cambio:    - Cobertura de flujos de caja. Cross Currency Swap  (106) 107 29 (30) Esta variaci\u00f3n positiva o negativa  de un 0,10% en los tipos de inter\u00e9s habr\u00eda  generado en la Cuenta de resultados consolidada un menor o mayor beneficio de 1.118 miles de euros en 2022 y 1.482 miles de euros en 2021.  La sensibilidad del valor razonable se ha estimado utilizando una t\u00e9cnica de valoraci\u00f3n basada en el des- cuento de flujos de caja futuros a los tipos de inter\u00e9s de mercado vigentes a 31 de diciembre de 2022 y 2021.     Riesgo de tipo de cambio  La gesti\u00f3n de este riesgo contempla el riesgo de transacci\u00f3n, derivado de tener que cobrar o pagar flujos de caja en una moneda distinta del euro (fundamentalmente d\u00f3lar estadounidense y real brasile\u00f1o), y el riesgo de conversi\u00f3n, que hace referencia al riesgo que soporta la empresa al consolidar las filiales y/o los activos situados en pa\u00edses cuya moneda funcional es diferente del euro.  Con el objetivo de eliminar el riesgo de cambio derivado de las emisiones realizadas en el mercado de colo- caciones privadas de Estados Unidos (USPP), el Grupo ha contratado coberturas de flujos de caja, mediante instrumentos swap d\u00f3lar americano/euro de principales e intereses (cross currency swap),  que cubren el importe y la duraci\u00f3n total de las mismas, hasta octubre de 2035 (v\u00e9anse notas 19 y 20).   Con el objeto de mitigar el riesgo de transacci\u00f3n, durante los ejercicios 2022 y 2021 las sociedades del Grupo han contratado precoberturas de flujos de caja, mediante instrumentos derivados cross currency swap y for- ward que cubren flujos de efectivo altamente probables de determinados ingresos denominados en d\u00f3lares estadounidenses y reales brasile\u00f1os y de compromisos de pago en reales brasile\u00f1os (v\u00e9ase nota 20). Como consecuencia de estas actuaciones, a 31 de diciembre de 2022, una apreciaci\u00f3n o depreciaci\u00f3n de un 10% del euro frente a las divisas cubiertas habr\u00eda producido las siguientes variaciones de los valores de mercado de dichos derivados:  Efecto en el Patrimonio neto Consolidado por variaci\u00f3n en los tipos de cambio Miles de euros +10% apreciaci\u00f3n euro -10% apreciaci\u00f3n euro D\u00f3lar americano  20.366 (24.817) Total  20.366 (24.817) Con el objetivo de mitigar el riesgo de conversi\u00f3n de los activos situados en pa\u00edses cuya moneda funcional es distinta del euro, el Grupo financia parte de dichas inversiones en la moneda funcional. Asimismo, el Grupo ha contratado coberturas de inversi\u00f3n neta en d\u00f3lar americano mediante instrumentos cross currency swap hasta enero de 2026 (v\u00e9ase nota 20). Como consecuencia de estas actuaciones a 31 de diciembre de 2022 una apreciaci\u00f3n o depreciaci\u00f3n simultanea de un 10% en el tipo de cambio del euro frente a las divisas sobre las que se tiene exposici\u00f3n, respecto al cierre del ejercicio, habr\u00eda generado un menor o mayor Patrimonio neto atribuido a la Sociedad dominante de aproximadamente 57 millones de euros, de los que, principal- mente, 11 millones de euros son provocados por el d\u00f3lar americano y 45 millones de euros por el real brasi- le\u00f1o (34 millones de euros a 31 de diciembre de 2021, de los que 10 millones de euros eran provocados por el d\u00f3lar americano y 23 millones de euros por el real brasile\u00f1o).    Riesgo de precio  El Grupo est\u00e1 expuesto al riesgo de precio de los instrumentos de patrimonio clasificados en el Estado de situaci\u00f3n financiera consolidado como activos financieros a valor razonable con cambios en Otro resultado global. Los instrumentos de capital sujetos a cotizaci\u00f3n corresponden fundamentalmente al 5% que el Grupo tiene en REN. A 31 de diciembre de 2022 una apreciaci\u00f3n o depreciaci\u00f3n del 10% en el valor de cotizaci\u00f3n de la acci\u00f3n de la sociedad portuguesa REN habr\u00eda generado un mayor o menor Patrimonio de aproximada- mente 6 millones de euros respectivamente (6 millones de euros en 2021). b)  Riesgo de cr\u00e9dito  Las caracter\u00edsticas de los ingresos de las actividades de transporte y de operaci\u00f3n de los sistemas el\u00e9ctricos, as\u00ed como la solvencia de los agentes de dichos sistemas determinan un nivel de riesgo no relevante en las actividades principales de Redeia. La gesti\u00f3n de este riesgo para el resto de las actividades se realiza prin- cipalmente mediante la incorporaci\u00f3n de elementos de control que reduzcan o acoten el riesgo.  En cualquier caso, el riesgo de cr\u00e9dito est\u00e1 soportado mediante pol\u00edticas en las que se establecen requisitos en relaci\u00f3n con la calidad crediticia de la contraparte y se requieren garant\u00edas adicionales en los casos nece- sarios.  Adicionalmente al cierre existe exposici\u00f3n poco significativa al riesgo de cr\u00e9dito por el valor razonable de los instrumentos financieros derivados registrados, habi\u00e9ndose formalizado desde 2015 acuerdos de cesi\u00f3n de garant\u00edas, mediante el intercambio de colaterales, con distintas contrapartes con el fin de mitigar dicho riesgo.  A 31 de diciembre de 2022 existe menos de un 3% de saldos vencidos (menos de un 1% en 2021), de los cuales las sociedades estiman que no presentan riesgo de recuperabilidad. La calidad crediticia de las cuen- tas a cobrar se considera alta.  c)  Riesgo de liquidez  El riesgo de liquidez surge como consecuencia de diferencias en los importes o en las fechas de cobro y de pago de los diferentes activos y pasivos de las sociedades de Redeia.   La gesti\u00f3n de este riesgo se realiza principalmente actuando sobre la estructura temporal de la Deuda finan- ciera y manteniendo un importante volumen de fondos disponibles durante el ejercicio, estableciendo l\u00edmites sobre los vol\u00famenes m\u00e1ximos de vencimiento para cada horizonte temporal definido. Adem\u00e1s, este proceso se lleva a cabo a nivel de las distintas sociedades del Grupo, conforme a las pr\u00e1cticas y l\u00edmites establecidos por \u00e9ste. Los l\u00edmites establecidos var\u00edan en funci\u00f3n de la zona geogr\u00e1fica con el fin de tener en cuenta la liquidez  del mercado en el  que operan las  sociedades. Adicionalmente,  la pol\u00edtica de gesti\u00f3n de liquidez implica la realizaci\u00f3n de proyecciones de flujos de efectivo en las monedas principales en las que se opera, considerando tambi\u00e9n el nivel de activos l\u00edquidos y fondos disponibles contenidos en dichas proyecciones, el control de los \u00edndices de liquidez del Estado de situaci\u00f3n financiera consolidado y su comparaci\u00f3n con los requisitos de mercado.   La Deuda financiera del Grupo a 31 de diciembre de 2022 tiene un vencimiento medio de 5,0 a\u00f1os (5,0 a\u00f1os a 31 de diciembre de 2021). El detalle de vencimientos de las emisiones y deudas bancarias se encuentra en la nota 19 de la presente Memoria.  El Grupo cuenta con una s\u00f3lida posici\u00f3n financiera. La posici\u00f3n de liquidez del Grupo para el ejercicio 2022 se ha basado en la fuerte capacidad de generaci\u00f3n de caja del mismo, apoyada por el mantenimiento de l\u00edneas de cr\u00e9dito no dispuestas por importe de 1.795 millones de euros a 31 de diciembre de 2022 (1.426 millones de euros a largo plazo y 369 millones de euros a corto plazo) y la existencia de excedentes de tesorer\u00eda por 1.510 millones de euros. La posici\u00f3n de liquidez del Grupo garantiza poder hacer frente a las necesidades operativas de caja, a los vencimientos de deuda de los ejercicios 2023 y 2024 as\u00ed como a situa- ciones adversas de los mercados financieros que pudieran producirse en los pr\u00f3ximos meses. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-572": {
   "value": "a)  Riesgo de mercado  Corresponde a variaciones en la situaci\u00f3n de los mercados financieros en relaci\u00f3n a los precios, los tipos de inter\u00e9s y de cambio, de condiciones crediticias, o de otras variables que puedan afectar a los costes finan- cieros a corto, a medio o a largo plazo.  La gesti\u00f3n de estos riesgos se realiza tanto sobre las operaciones de endeudamiento a realizar, su moneda, plazo y tipo de inter\u00e9s, como a trav\u00e9s de la utilizaci\u00f3n de instrumentos financieros de cobertura que permitan modificar las caracter\u00edsticas de la estructura financiera. Dentro de los riesgos de mercado destacan funda- mentalmente:      Riesgo de tipo de inter\u00e9s  Las variaciones de los tipos de inter\u00e9s modifican el valor razonable de los activos y pasivos que devengan un tipo de inter\u00e9s fijo, as\u00ed como los flujos futuros de los activos y pasivos referenciados a un tipo de inter\u00e9s variable. La estructura de la Deuda financiera a 31 de diciembre de 2022 y 2021, es la siguiente:  2022  2021 Tipo  Tipo  Tipo fijo Tipo fijo Miles de euros variable variable Emisiones a largo plazo  3.685.453 14.954 3.966.864 14.947 Deuda bancaria a largo plazo  1.136.744 626.658 1.041.714 857.729 Emisiones a corto plazo  305.623 - 405.027 - Deuda bancaria a corto plazo   331.009 43.231 418.292 517.734 Total Deuda financiera (bruta)  5.458.829 684.843 5.831.897 1.390.409 Porcentaje  89% 11% 81% 19% La estructura de la Deuda financiera refleja un perfil de riesgo bajo, con una moderada exposici\u00f3n a variacio- nes en los tipos de inter\u00e9s, consecuencia de la pol\u00edtica de endeudamiento llevada a cabo, que tiene entre sus objetivos adecuar el coste de la deuda a la tasa de retribuci\u00f3n financiera aplicada a los activos del Grupo sometidos a regulaci\u00f3n. El riesgo de tipo de inter\u00e9s al que el Grupo est\u00e1 expuesto a 31 de diciembre de 2022 y 2021 afecta funda- mentalmente al Patrimonio neto del ejercicio, como consecuencia de cambios en el valor razonable de los instrumentos financieros derivados, no vi\u00e9ndose alterado el resultado consolidado del ejercicio. A continua- ci\u00f3n, se muestra, en miles de euros, un an\u00e1lisis de sensibilidad de dicho riesgo:   Efecto en el Patrimonio neto Consolidado por  variaci\u00f3n en los tipos de inter\u00e9s de mercado 2022  2021 Miles de euros +0,10% -0,10% +0,10% -0,10% Coberturas de tipo de inter\u00e9s:  - Cobertura de flujos de caja. Swap de tipo de inter\u00e9s  2.102 (2.118) 2.071 (2.042) Coberturas de tipo de inter\u00e9s y de tipo de cambio:    - Cobertura de flujos de caja. Cross Currency Swap  (106) 107 29 (30) Esta variaci\u00f3n positiva o negativa  de un 0,10% en los tipos de inter\u00e9s habr\u00eda  generado en la Cuenta de resultados consolidada un menor o mayor beneficio de 1.118 miles de euros en 2022 y 1.482 miles de euros en 2021.  La sensibilidad del valor razonable se ha estimado utilizando una t\u00e9cnica de valoraci\u00f3n basada en el des- cuento de flujos de caja futuros a los tipos de inter\u00e9s de mercado vigentes a 31 de diciembre de 2022 y 2021.     Riesgo de tipo de cambio  La gesti\u00f3n de este riesgo contempla el riesgo de transacci\u00f3n, derivado de tener que cobrar o pagar flujos de caja en una moneda distinta del euro (fundamentalmente d\u00f3lar estadounidense y real brasile\u00f1o), y el riesgo de conversi\u00f3n, que hace referencia al riesgo que soporta la empresa al consolidar las filiales y/o los activos situados en pa\u00edses cuya moneda funcional es diferente del euro.  Con el objetivo de eliminar el riesgo de cambio derivado de las emisiones realizadas en el mercado de colo- caciones privadas de Estados Unidos (USPP), el Grupo ha contratado coberturas de flujos de caja, mediante instrumentos swap d\u00f3lar americano/euro de principales e intereses (cross currency swap),  que cubren el importe y la duraci\u00f3n total de las mismas, hasta octubre de 2035 (v\u00e9anse notas 19 y 20).   Con el objeto de mitigar el riesgo de transacci\u00f3n, durante los ejercicios 2022 y 2021 las sociedades del Grupo han contratado precoberturas de flujos de caja, mediante instrumentos derivados cross currency swap y for- ward que cubren flujos de efectivo altamente probables de determinados ingresos denominados en d\u00f3lares estadounidenses y reales brasile\u00f1os y de compromisos de pago en reales brasile\u00f1os (v\u00e9ase nota 20). Como consecuencia de estas actuaciones, a 31 de diciembre de 2022, una apreciaci\u00f3n o depreciaci\u00f3n de un 10% del euro frente a las divisas cubiertas habr\u00eda producido las siguientes variaciones de los valores de mercado de dichos derivados:  Efecto en el Patrimonio neto Consolidado por variaci\u00f3n en los tipos de cambio Miles de euros +10% apreciaci\u00f3n euro -10% apreciaci\u00f3n euro D\u00f3lar americano  20.366 (24.817) Total  20.366 (24.817) Con el objetivo de mitigar el riesgo de conversi\u00f3n de los activos situados en pa\u00edses cuya moneda funcional es distinta del euro, el Grupo financia parte de dichas inversiones en la moneda funcional. Asimismo, el Grupo ha contratado coberturas de inversi\u00f3n neta en d\u00f3lar americano mediante instrumentos cross currency swap hasta enero de 2026 (v\u00e9ase nota 20). Como consecuencia de estas actuaciones a 31 de diciembre de 2022 una apreciaci\u00f3n o depreciaci\u00f3n simultanea de un 10% en el tipo de cambio del euro frente a las divisas sobre las que se tiene exposici\u00f3n, respecto al cierre del ejercicio, habr\u00eda generado un menor o mayor Patrimonio neto atribuido a la Sociedad dominante de aproximadamente 57 millones de euros, de los que, principal- mente, 11 millones de euros son provocados por el d\u00f3lar americano y 45 millones de euros por el real brasi- le\u00f1o (34 millones de euros a 31 de diciembre de 2021, de los que 10 millones de euros eran provocados por el d\u00f3lar americano y 23 millones de euros por el real brasile\u00f1o).     Riesgo de precio  El Grupo est\u00e1 expuesto al riesgo de precio de los instrumentos de patrimonio clasificados en el Estado de situaci\u00f3n financiera consolidado como activos financieros a valor razonable con cambios en Otro resultado global. Los instrumentos de capital sujetos a cotizaci\u00f3n corresponden fundamentalmente al 5% que el Grupo tiene en REN. A 31 de diciembre de 2022 una apreciaci\u00f3n o depreciaci\u00f3n del 10% en el valor de cotizaci\u00f3n de la acci\u00f3n de la sociedad portuguesa REN habr\u00eda generado un mayor o menor Patrimonio de aproximada- mente 6 millones de euros respectivamente (6 millones de euros en 2021). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-619": {
   "value": "2022  2021 Tipo  Tipo  Tipo fijo Tipo fijo Miles de euros variable variable Emisiones a largo plazo  3.685.453 14.954 3.966.864 14.947 Deuda bancaria a largo plazo  1.136.744 626.658 1.041.714 857.729 Emisiones a corto plazo  305.623 - 405.027 - Deuda bancaria a corto plazo   331.009 43.231 418.292 517.734 Total Deuda financiera (bruta)  5.458.829 684.843 5.831.897 1.390.409 Porcentaje  89% 11% 81% 19% 31/12/2022 Derivados de Pasivos Financieros Total cobertura Miles de euros Deudas con entidades de cr\u00e9dito  1.762.259 - 1.762.259 Obligaciones y otros valores negociables  3.728.865 - 3.728.865 Derivados  - 22.016 22.016 Otros pasivos financieros  52.631 - 52.631 Largo plazo/ no corrientes  5.543.755 22.016 5.565.771 Deudas con entidades de cr\u00e9dito  389.650 - 389.650 Obligaciones y otros valores negociables  332.195 - 332.195 Derivados  - 7.053 7.053 Otros pasivos financieros  983.432 - 983.432 Corto plazo/ corrientes  1.705.277 7.053 1.712.330 Total  7.249.032 29.069 7.278.101 31/12/2021 Pasivos Derivados Total Financieros de cobertura Miles de euros Deudas con entidades de cr\u00e9dito  1.899.560 - 1.899.560 Obligaciones y otros valores negociables  3.996.610 - 3.996.610 Derivados  - 16.436 16.436 Otros pasivos financieros   57.264 - 57.264 Largo plazo/ no corrientes  5.953.434 16.436 5.969.870 Deudas con entidades de cr\u00e9dito  945.757 - 945.757 Obligaciones y otros valores negociables  445.965 - 445.965 Derivados  - 5.129 5.129 Otros pasivos financieros  752.703 - 752.703 Corto plazo/ corrientes  2.144.425 5.129 2.149.554 Total  8.097.859 21.565 8.119.424   Deudas con entidades de cr\u00e9dito y Obligaciones y otros valores negociables  El valor contable y razonable de las Deudas con entidades de cr\u00e9dito y de las emisiones de Obligaciones y otros valores negociables a 31 de diciembre de 2022 y 2021, sin incluir los intereses pendientes de pago, es el siguiente:   Valor contable  Valor razonable Miles de euros 2022 2021 2022 2021 Emisiones en euros  3.641.742 4.026.747 3.280.334 4.172.723 Emisiones en d\u00f3lares americanos  392.747 374.890 404.046 471.183 Deudas bancarias en euros  1.613.807 2.439.008 1.505.480 2.463.081 Deudas bancarias en divisas  523.835 396.461 528.814 421.014 Total   6.172.131 7.237.106 5.718.674 7.528.001  El valor razonable de las Deudas bancarias y de las Emisiones se ha estimado en su totalidad utilizando una t\u00e9cnica de valoraci\u00f3n basada en el descuento de flujos de caja futuros a los tipos de inter\u00e9s de mercado vigentes en cada fecha (Nivel de jerarqu\u00eda 2).  A 31 de diciembre de 2022 los intereses devengados y no pagados de estas deudas ascienden a 40.838 miles de euros (50.787 miles de euros en 2021).  Emisiones en euros a 31 de diciembre de 2022 recoge las emisiones de Eurobonos llevadas a cabo por Red El\u00e9ctrica Financiaciones, S.A.U. y Red El\u00e9ctrica Corporaci\u00f3n, S.A. con un saldo de 3.641.742 miles de euros (4.026.747 miles de euros en 2021). En el ejercicio 2022 se ha realizado la amortizaci\u00f3n de deuda Euro Medium Term Programme (Programa EMTN) en el euromercado por importe de 400 millones de euros.  Emisiones en d\u00f3lares americanos a 31 de diciembre de 2022 recoge 392.747 miles de euros (374.890 miles de euros en 2021), correspondientes a la emisi\u00f3n de 500 millones de d\u00f3lares americanos realizadas en el mercado de colocaciones privadas en Estados Unidos (USPP) de los que quedan pendientes de pago 250 millones de d\u00f3lares americanos (234.390 miles de euros a cierre de 2022); as\u00ed como tres emisiones de bonos en d\u00f3lares americanos realizadas en Per\u00fa, de los que quedan pendientes de pago 173 millones de d\u00f3lares americanos equivalentes a 158 millones de euros (179 millones de euros en 2021) (v\u00e9ase an\u00e1lisis de riesgo de tipo de cambio en nota 18). Deudas bancarias en euros recoge a 31 de diciembre de 2022 pr\u00e9stamos a largo plazo y p\u00f3lizas de cr\u00e9dito por importe de 1.613.807 miles de euros (1.939.008 miles de euros en 2021). Asimismo a 31 de diciembre de 2021 recog\u00eda tambi\u00e9n el saldo dispuesto de un cr\u00e9dito sindicado por importe de 500.000 miles de euros.  Deudas bancarias en divisas recoge a 31 de diciembre de 2022 pr\u00e9stamos a largo plazo y p\u00f3lizas de cr\u00e9dito principalmente en d\u00f3lares americanos por importe de 523.835 miles de euros (396.461 miles de euros en 2021).  El detalle de los vencimientos de las Emisiones y de las Deudas bancarias a 31 de diciembre de 2022 es el siguiente:   Vencimientos a 31 de diciembre de 2022 Ajustes A\u00f1os coste 2023 2024 2025 2026 2027 Total posteriores amortizado y otros Miles de euros Emisiones en euros  300.000 - 900.000 500.000 675.000 1.315.000 (48.258) 3.641.742 Emisiones en d\u00f3lares  5.928 6.362 147.450 7.300 7.809 221.558 (3.660) 392.747 americanos Deudas bancarias en euros  181.545 321.044 121.050 94.706 400.928 498.567 (4.033) 1.613.807 Deudas bancarias en  192.320 183.582 60.799 5.621 5.766 83.654 (7.907) 523.835 d\u00f3lares americanos Total  679.793 510.988 1.229.299 607.627 1.089.503 2.118.779 (63.858) 6.172.131 El tipo de inter\u00e9s medio de las Deudas con entidades de cr\u00e9dito y de las Emisiones ha sido del 1,62% en el ejercicio 2022 (1,52% en 2021).  A 31 de diciembre de 2022 las sociedades del Grupo tienen l\u00edneas de cr\u00e9dito con entidades de cr\u00e9dito pen- dientes de disponer por un importe de 1.795 millones de euros (1.853 millones de euros en 2021), de los cuales 1.426 millones de euros son a largo plazo (1.717 millones de euros a 31 de diciembre de 2021) y 369 millones de euros a corto plazo (136 millones de euros a 31 de diciembre de 2021).  El detalle de Obligaciones y otros valores negociables a 31 de diciembre de 2022 y 2021 es el siguiente: 31/12/2022 (+/-) Ajustes Saldo vivo Saldo vivo (-) Recompras o por tipo de  inicial (+) Emisiones final reembolsos cambio y 31/12/2021 31/12/2022 otros Miles de euros Valores representativos en un mercado de deuda que han requerido del registro de un folleto  4.026.747 - (400.000) 14.995 3.641.742 informativo Valores representativos en un mercado de deuda que no han requerido del registro de un folleto  - - - - - informativo Otros valores representativos de deuda emitidos 374.890 - (5.521) 23.378 392.747 fuera de un estado miembro de la Uni\u00f3n Europea Total  4.401.637 - (405.521) 38.373 4.034.489 31/12/2021 (+/-) Ajustes Saldo vivo Saldo vivo (-) Recompras o por tipo de inicial  (+) Emisiones final reembolsos cambio y 31/12/2020 31/12/2021 otros Miles de euros Valores representativos en un mercado de deuda que han requerido del registro de un folleto  3.422.760 600.000 - 3.987 4.026.747 informativo Valores representativos en un mercado de deuda que no han requerido del registro de un folleto  - - - - - informativo Otros valores representativos de deuda emitidos 350.324 - (4.586) 29.152 374.890 fuera de un estado miembro de la Uni\u00f3n Europea Total  3.773.084 600.000 (4.586) 33.139 4.401.637 La evoluci\u00f3n durante 2022 y 2021 de valores representativos en un mercado de deuda que han requerido del registro de un folleto informativo corresponde a emisiones registradas en Luxemburgo.  Los cambios en los pasivos en los instrumentos de financiaci\u00f3n a lo largo del ejercicio 2022 diferenciando entre los que suponen y los que no suponen movimientos de flujos de efectivo son los siguientes:  Movimientos que no suponen flujos Movimientos de efectivo 31/12/2021 de flujos de 31/12/2022 efectivo Variaciones de tipo Otras  Miles de euros de cambio Variaciones Emisiones en euros  4.026.747 (400.000) - 14.995 3.641.742 Emisiones en d\u00f3lares americanos  374.890 (5.521) 23.424 (46) 392.747 Deuda bancaria en euros   2.439.008 (820.221) - (2.246) 1.616.541 Deuda bancaria en divisas  396.461 84.024 20.662 19.954 521.101 Total Deuda  7.237.106 (1.141.718) 44.086 32.657 6.172.131 Dentro de Otras variaciones en Deuda bancaria en divisas se incluye principalmente la deuda de Axess en el momento de su incorporaci\u00f3n al per\u00edmetro de consolidaci\u00f3n de Redeia (ver Nota 6). 31/12/2022 Miles de euros Nivel 1 Nivel 2 Nivel 3 Saldo total Deudas con entidades de cr\u00e9dito  - 2.137.642 - 2.137.642 Obligaciones y otros valores negociables  - 4.034.489 - 4.034.489 Derivados   - 29.069 - 29.069 Total  - 6.201.200 - 6.201.200 31/12/2021 Nivel 1 Nivel 2 Nivel 3 Saldo total Miles de euros Deudas con entidades de cr\u00e9dito  - 2.835.469 - 2.835.469 Obligaciones y otros valores negociables  - 4.401.637 - 4.401.637 Derivados   - 21.565 - 21.565 Total  - 7.258.671 - 7.258.671 ",
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    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
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  },
  "fact-620": {
   "value": " A continua- ci\u00f3n, se muestra, en miles de euros, un an\u00e1lisis de sensibilidad de dicho riesgo:   Efecto en el Patrimonio neto Consolidado por  variaci\u00f3n en los tipos de inter\u00e9s de mercado 2022  2021 Miles de euros +0,10% -0,10% +0,10% -0,10% Coberturas de tipo de inter\u00e9s:  - Cobertura de flujos de caja. Swap de tipo de inter\u00e9s  2.102 (2.118) 2.071 (2.042) Coberturas de tipo de inter\u00e9s y de tipo de cambio:    - Cobertura de flujos de caja. Cross Currency Swap  (106) 107 29 (30) Esta variaci\u00f3n positiva o negativa  de un 0,10% en los tipos de inter\u00e9s habr\u00eda  generado en la Cuenta de resultados consolidada un menor o mayor beneficio de 1.118 miles de euros en 2022 y 1.482 miles de euros en 2021.  La sensibilidad del valor razonable se ha estimado utilizando una t\u00e9cnica de valoraci\u00f3n basada en el des- cuento de flujos de caja futuros a los tipos de inter\u00e9s de mercado vigentes a 31 de diciembre de 2022 y 2021.  Efecto en el Patrimonio neto Consolidado por variaci\u00f3n en los tipos de cambio Miles de euros +10% apreciaci\u00f3n euro -10% apreciaci\u00f3n euro D\u00f3lar americano  20.366 (24.817) Total  20.366 (24.817) Con el objetivo de mitigar el riesgo de conversi\u00f3n de los activos situados en pa\u00edses cuya moneda funcional es distinta del euro, el Grupo financia parte de dichas inversiones en la moneda funcional. Asimismo, el Grupo ha contratado coberturas de inversi\u00f3n neta en d\u00f3lar americano mediante instrumentos cross currency swap hasta enero de 2026 (v\u00e9ase nota 20). Como consecuencia de estas actuaciones a 31 de diciembre de 2022 una apreciaci\u00f3n o depreciaci\u00f3n simultanea de un 10% en el tipo de cambio del euro frente a las divisas sobre las que se tiene exposici\u00f3n, respecto al cierre del ejercicio, habr\u00eda generado un menor o mayor Patrimonio neto atribuido a la Sociedad dominante de aproximadamente 57 millones de euros, de los que, principal- mente, 11 millones de euros son provocados por el d\u00f3lar americano y 45 millones de euros por el real brasi- le\u00f1o (34 millones de euros a 31 de diciembre de 2021, de los que 10 millones de euros eran provocados por el d\u00f3lar americano y 23 millones de euros por el real brasile\u00f1o).     Riesgo de precio  El Grupo est\u00e1 expuesto al riesgo de precio de los instrumentos de patrimonio clasificados en el Estado de situaci\u00f3n financiera consolidado como activos financieros a valor razonable con cambios en Otro resultado global. Los instrumentos de capital sujetos a cotizaci\u00f3n corresponden fundamentalmente al 5% que el Grupo tiene en REN. A 31 de diciembre de 2022 una apreciaci\u00f3n o depreciaci\u00f3n del 10% en el valor de cotizaci\u00f3n de la acci\u00f3n de la sociedad portuguesa REN habr\u00eda generado un mayor o menor Patrimonio de aproximada- mente 6 millones de euros respectivamente (6 millones de euros en 2021). ",
   "dimensions": {
    "concept": "ifrs-full:SensitivityAnalysisForEachTypeOfMarketRisk",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-573": {
   "value": "b)  Riesgo de cr\u00e9dito  Las caracter\u00edsticas de los ingresos de las actividades de transporte y de operaci\u00f3n de los sistemas el\u00e9ctricos, as\u00ed como la solvencia de los agentes de dichos sistemas determinan un nivel de riesgo no relevante en las actividades principales de Redeia. La gesti\u00f3n de este riesgo para el resto de las actividades se realiza prin- cipalmente mediante la incorporaci\u00f3n de elementos de control que reduzcan o acoten el riesgo.  En cualquier caso, el riesgo de cr\u00e9dito est\u00e1 soportado mediante pol\u00edticas en las que se establecen requisitos en relaci\u00f3n con la calidad crediticia de la contraparte y se requieren garant\u00edas adicionales en los casos nece- sarios.  Adicionalmente al cierre existe exposici\u00f3n poco significativa al riesgo de cr\u00e9dito por el valor razonable de los instrumentos financieros derivados registrados, habi\u00e9ndose formalizado desde 2015 acuerdos de cesi\u00f3n de garant\u00edas, mediante el intercambio de colaterales, con distintas contrapartes con el fin de mitigar dicho riesgo.  A 31 de diciembre de 2022 existe menos de un 3% de saldos vencidos (menos de un 1% en 2021), de los cuales las sociedades estiman que no presentan riesgo de recuperabilidad. La calidad crediticia de las cuen- tas a cobrar se considera alta.  ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-621": {
   "value": "En cualquier caso, el riesgo de cr\u00e9dito est\u00e1 soportado mediante pol\u00edticas en las que se establecen requisitos en relaci\u00f3n con la calidad crediticia de la contraparte y se requieren garant\u00edas adicionales en los casos nece- sarios.  ",
   "dimensions": {
    "concept": "ifrs-full:ExplanationOfCreditRiskManagementPracticesAndHowTheyRelateToRecognitionAndMeasurementOfExpectedCreditLossesExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-622": {
   "value": "Adicionalmente al cierre existe exposici\u00f3n poco significativa al riesgo de cr\u00e9dito por el valor razonable de los instrumentos financieros derivados registrados, habi\u00e9ndose formalizado desde 2015 acuerdos de cesi\u00f3n de garant\u00edas, mediante el intercambio de colaterales, con distintas contrapartes con el fin de mitigar dicho riesgo.  A 31 de diciembre de 2022 existe menos de un 3% de saldos vencidos (menos de un 1% en 2021), de los cuales las sociedades estiman que no presentan riesgo de recuperabilidad. La calidad crediticia de las cuen- tas a cobrar se considera alta.  ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCreditRiskExposureExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-574": {
   "value": "c)  Riesgo de liquidez  El riesgo de liquidez surge como consecuencia de diferencias en los importes o en las fechas de cobro y de pago de los diferentes activos y pasivos de las sociedades de Redeia.   La gesti\u00f3n de este riesgo se realiza principalmente actuando sobre la estructura temporal de la Deuda finan- ciera y manteniendo un importante volumen de fondos disponibles durante el ejercicio, estableciendo l\u00edmites sobre los vol\u00famenes m\u00e1ximos de vencimiento para cada horizonte temporal definido. Adem\u00e1s, este proceso se lleva a cabo a nivel de las distintas sociedades del Grupo, conforme a las pr\u00e1cticas y l\u00edmites establecidos por \u00e9ste. Los l\u00edmites establecidos var\u00edan en funci\u00f3n de la zona geogr\u00e1fica con el fin de tener en cuenta la liquidez  del mercado en el  que operan las  sociedades. Adicionalmente,  la pol\u00edtica de gesti\u00f3n de liquidez implica la realizaci\u00f3n de proyecciones de flujos de efectivo en las monedas principales en las que se opera, considerando tambi\u00e9n el nivel de activos l\u00edquidos y fondos disponibles contenidos en dichas proyecciones, el control de los \u00edndices de liquidez del Estado de situaci\u00f3n financiera consolidado y su comparaci\u00f3n con los requisitos de mercado.   La Deuda financiera del Grupo a 31 de diciembre de 2022 tiene un vencimiento medio de 5,0 a\u00f1os (5,0 a\u00f1os a 31 de diciembre de 2021). El detalle de vencimientos de las emisiones y deudas bancarias se encuentra en la nota 19 de la presente Memoria.  El Grupo cuenta con una s\u00f3lida posici\u00f3n financiera. La posici\u00f3n de liquidez del Grupo para el ejercicio 2022 se ha basado en la fuerte capacidad de generaci\u00f3n de caja del mismo, apoyada por el mantenimiento de l\u00edneas de cr\u00e9dito no dispuestas por importe de 1.795 millones de euros a 31 de diciembre de 2022 (1.426 millones de euros a largo plazo y 369 millones de euros a corto plazo) y la existencia de excedentes de tesorer\u00eda por 1.510 millones de euros. La posici\u00f3n de liquidez del Grupo garantiza poder hacer frente a las necesidades operativas de caja, a los vencimientos de deuda de los ejercicios 2023 y 2024 as\u00ed como a situa- ciones adversas de los mercados financieros que pudieran producirse en los pr\u00f3ximos meses. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-623": {
   "value": "La gesti\u00f3n de este riesgo se realiza principalmente actuando sobre la estructura temporal de la Deuda finan- ciera y manteniendo un importante volumen de fondos disponibles durante el ejercicio, estableciendo l\u00edmites sobre los vol\u00famenes m\u00e1ximos de vencimiento para cada horizonte temporal definido. Adem\u00e1s, este proceso se lleva a cabo a nivel de las distintas sociedades del Grupo, conforme a las pr\u00e1cticas y l\u00edmites establecidos por \u00e9ste. Los l\u00edmites establecidos var\u00edan en funci\u00f3n de la zona geogr\u00e1fica con el fin de tener en cuenta la liquidez  del mercado en el  que operan las  sociedades. Adicionalmente,  la pol\u00edtica de gesti\u00f3n de liquidez implica la realizaci\u00f3n de proyecciones de flujos de efectivo en las monedas principales en las que se opera, considerando tambi\u00e9n el nivel de activos l\u00edquidos y fondos disponibles contenidos en dichas proyecciones, el control de los \u00edndices de liquidez del Estado de situaci\u00f3n financiera consolidado y su comparaci\u00f3n con los requisitos de mercado.   ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfManagingLiquidityRisk",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-17": {
   "value": "La posici\u00f3n de liquidez del Grupo para el ejercicio 2022 se ha basado en la fuerte capacidad de generaci\u00f3n de caja del mismo, apoyada por el mantenimiento de l\u00edneas de cr\u00e9dito no dispuestas por importe de 1.795 millones de euros a 31 de diciembre de 2022 (1.426 millones de euros a largo plazo y 369 millones de euros a corto plazo) y la existencia de excedentes de tesorer\u00eda por 1.510 millones de euros.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-648": {
   "value": "19 Activos y Pasivos financieros a)  Activos financieros  El detalle del ep\u00edgrafe Activos financieros, tanto corrientes como no corrientes del Grupo a 31 de diciembre de 2022 y 2021 es como sigue: 31/12/2022 A valor  A valor  razonable con razonable con A coste  Derivados de cambios en Total cambios en  amortizado cobertura Otro resultado resultados global Miles de euros Instrumentos de patrimonio  84.534 8.742 - - 93.276 Derivados  - - - 110.616 110.616 Otros activos financieros  - 6.603 175.714 - 182.317 Largo plazo/ no corrientes  84.066 15.813 175.714 110.616 386.209 Otros activos financieros  - - 752.505 - 752.505 Derivados  - - - - - Corto plazo/ corrientes  - - 752.505 - 752.505 Total   84.066 15.813 928.219 110.616 1.138.714 31/12/2021 A valor  razonable con A valor  cambios en razonable con A coste  Derivados de Total Otro  cambios en  amortizado cobertura resultado  resultados global Miles de euros Instrumentos de patrimonio  85.368 4.329 - - 89.697 Derivados  - - - 23.592 23.592 Otros activos financieros  - 1.050 23.942 - 24.992 Largo plazo/ no corrientes  85.368 5.379 23.942 23.592 138.281 Otros activos financieros  - - 25.401 - 25.401 Derivados  - - - 91 91 Corto plazo/ corrientes  - - 25.401 91 25.492 Total   85.368 5.379 49.343 23.683 163.773    Instrumentos de patrimonio  La partida Instrumentos de patrimonio corresponde fundamentalmente a la participaci\u00f3n del 5% que tiene el Grupo en REN, sociedad holding que engloba la operaci\u00f3n y la explotaci\u00f3n de los activos de transporte de electricidad y de diversas infraestructuras de gas de Portugal. Esta participaci\u00f3n fue adquirida en 2007 y el precio de la transacci\u00f3n ascendi\u00f3 a 98.822 miles de euros. En 2017 el Grupo acudi\u00f3 a la ampliaci\u00f3n de capital realizada por REN suscribiendo 6.659.563 nuevas acciones por importe de 12.500 miles de euros permiti\u00e9n- dole mantener el 5% de la sociedad.   REN tiene a 31 de diciembre de 2021 un Patrimonio Neto consolidado de 1.409.830 miles de euros y un resultado del ejercicio despu\u00e9s de impuestos de 97.153 miles de euros.  Estos instrumentos han sido clasificados como activos financieros medidos a valor razonable con cambios en \u201cOtro resultado global\u201d (v\u00e9ase nota 2 b). La valoraci\u00f3n de esta participaci\u00f3n est\u00e1 sujeta a la cotizaci\u00f3n de la acci\u00f3n (nivel 1). Durante el ejercicio 2022 se ha producido un decremento en el valor razonable de este instrumento de patrimonio que se ha registrado directamente contra el Patrimonio neto.  A 31 de diciembre de 2022 el Grupo ha cuantificado el descenso en el valor de la participaci\u00f3n en 834 miles de euros (aumento de 6.005 miles de euros en 2021).  Asimismo, tanto en 2022 como en 2021 se recogen tambi\u00e9n las inversiones que la sociedad Red El\u00e9ctrica de Telecomunicaciones, Innovaci\u00f3n y Tecnolog\u00eda, S.A.U. (Elewit) realiza en diferentes entidades de car\u00e1cter innovador.  Durante el ejercicio 2022 se ha producido un aumento de la inversi\u00f3n en las sociedades Adara Ventures III, S.C.A. y Cardumen Fund I por importe de 1.455 miles de euros. Asimismo, se ha registrado el alta de la sociedad, consolidada  durante el ejercicio  2021 por  el m\u00e9todo de la participaci\u00f3n (ver nota 2.g), Zeleros Global, S.L. tras la perdida de la influencia significativa y un aumento del valor razonable, con impacto positivo en resultados por importe de 1.343 miles de euros, del valor razonable de estos Instrumentos de Patrimonio.      Derivados   El detalle de los instrumentos financieros derivados figura en la nota 20.     Otros activos financieros  Dentro de Otros activos financieros a coste amortizado se incluye, en 2022, el activo financiero surgido tras la aplicaci\u00f3n de la CINIIF 12 por el saldo pendiente de facturaci\u00f3n y  cobro a largo plazo por parte de la administraci\u00f3n concedente en relaci\u00f3n al proyecto de la Central Hidr\u00e1ulica Reversible de 200 MW de Salto de Chira en Gran Canaria, por importe de 114.632 miles de euros. Este proyecto, tras la publicaci\u00f3n de la Orden en la que se apruebe la metodolog\u00eda del c\u00e1lculo de la retribuci\u00f3n (v\u00e9ase nota 3), se ha clasificado como una concesi\u00f3n, aplic\u00e1ndose el modelo financiero. Para ello se ha traspasado el importe acumulado en el inmovilizado en curso por los trabajos realizados hasta ese momento (v\u00e9ase nota 7) por importe de 50.407 miles de euros y se ha registrado el importe a cobrar devengado en el ejercicio, tanto derivado de la cons- trucci\u00f3n como de la actualizaci\u00f3n financiera de la cuenta a cobrar, por un importe total de 64.225 miles de euros (v\u00e9ase nota 24.b). Dentro de otros activos financieros a coste amortizado tambi\u00e9n se recoge principalmente la l\u00ednea de cr\u00e9dito concedida por la Sociedad del Grupo Reintel a la participaci\u00f3n no dominante, Rudolph Bidco, S.\u00e0.r.l. El im- porte de la p\u00f3liza es de 72.500 miles de euros, de los cuales se han dispuesto 23.422 miles de euros. Asi- mismo, se incluye el cr\u00e9dito a la sociedad, consolidada por el m\u00e9todo de la participaci\u00f3n, TEN por importe de 13.913 miles de euros (12.338 miles de euros a 31 de diciembre de 2021). Ambos cr\u00e9ditos devengan intere- ses, a EURIBOR m\u00e1s un diferencial de 471 puntos b\u00e1sicos en el primer caso y LIBOR m\u00e1s un diferencial de 270 puntos b\u00e1sicos en el segundo caso. Del mismo modo, tambi\u00e9n se incluyen fianzas constituidas y cr\u00e9ditos concedidos por Redeia a su personal con vencimiento a largo plazo. No existe diferencia significativa entre el valor razonable y el valor neto contable de este ep\u00edgrafe a 31 de diciembre de 2022 y 2021.   Asimismo, tambi\u00e9n se recoge dentro de otros activos financieros a valor razonable con cambios en resultados 6.603 miles de euros (1.050 miles de euros en 2021) correspondientes a la inversi\u00f3n en Agrupaciones de Inter\u00e9s Econ\u00f3mico (AIE), cuya actividad es el arrendamiento de activos dirigidos por otra entidad no vinculada a Redeia, que es la que retiene tanto la mayor\u00eda de los beneficios como los riesgos de la actividad, acogi\u00e9n- dose el Grupo \u00fanicamente a los incentivos fiscales regulados en la legislaci\u00f3n espa\u00f1ola. El Grupo imputa las bases imponibles negativas que van generando estas AIE contra las participaciones y por diferencia con la deuda registrada con la Hacienda P\u00fablica acreedora, el correspondiente ingreso financiero (ver nota 24 e).    Niveles de Jerarqu\u00eda de valor razonable  La siguiente tabla presenta los Activos financieros del Grupo valorados a valor razonable seg\u00fan las variables utilizadas para el c\u00e1lculo del valor razonable a 31 de diciembre de 2022 y 2021:  31/12/2022 Miles de euros Nivel 1 Nivel 2 Nivel 3 Saldo total Instrumentos de patrimonio 84.066 - 9.210 93.276 Derivados - 110.616 - 110.616 Otros activos financieros - 6.603 6.603 31/12/2021 Miles de euros Nivel 1 Nivel 2 Nivel 3 Saldo total Instrumentos de patrimonio 84.900 - 4.797 89.697 Derivados - 23.683 - 23.683 Otros activos financieros - 1.050 1.050 Los Instrumentos de patrimonio clasificados en el Nivel 1 corresponden al 5% que el Grupo posee en la sociedad cotizada REN. En el Nivel 3 se encuentran principalmente las inversiones realizadas por Elewit en fondos de inversi\u00f3n y sociedades de car\u00e1cter innovador.  Los Otros activos financieros clasificados en el Nivel 2 corresponden a las inversiones en Agrupaciones de Inter\u00e9s Econ\u00f3mico (AIE). b)  Pasivos financieros   El detalle del ep\u00edgrafe Pasivos financieros, tanto corrientes como no corrientes, del Grupo a 31 de diciembre de 2022 y 2021 es como sigue:  31/12/2022 Derivados de Pasivos Financieros Total cobertura Miles de euros Deudas con entidades de cr\u00e9dito  1.762.259 - 1.762.259 Obligaciones y otros valores negociables  3.728.865 - 3.728.865 Derivados  - 22.016 22.016 Otros pasivos financieros  52.631 - 52.631 Largo plazo/ no corrientes  5.543.755 22.016 5.565.771 Deudas con entidades de cr\u00e9dito  389.650 - 389.650 Obligaciones y otros valores negociables  332.195 - 332.195 Derivados  - 7.053 7.053 Otros pasivos financieros  983.432 - 983.432 Corto plazo/ corrientes  1.705.277 7.053 1.712.330 Total  7.249.032 29.069 7.278.101 31/12/2021 Pasivos Derivados Total Financieros de cobertura Miles de euros Deudas con entidades de cr\u00e9dito  1.899.560 - 1.899.560 Obligaciones y otros valores negociables  3.996.610 - 3.996.610 Derivados  - 16.436 16.436 Otros pasivos financieros   57.264 - 57.264 Largo plazo/ no corrientes  5.953.434 16.436 5.969.870 Deudas con entidades de cr\u00e9dito  945.757 - 945.757 Obligaciones y otros valores negociables  445.965 - 445.965 Derivados  - 5.129 5.129 Otros pasivos financieros  752.703 - 752.703 Corto plazo/ corrientes  2.144.425 5.129 2.149.554 Total  8.097.859 21.565 8.119.424   Deudas con entidades de cr\u00e9dito y Obligaciones y otros valores negociables  El valor contable y razonable de las Deudas con entidades de cr\u00e9dito y de las emisiones de Obligaciones y otros valores negociables a 31 de diciembre de 2022 y 2021, sin incluir los intereses pendientes de pago, es el siguiente:   Valor contable  Valor razonable Miles de euros 2022 2021 2022 2021 Emisiones en euros  3.641.742 4.026.747 3.280.334 4.172.723 Emisiones en d\u00f3lares americanos  392.747 374.890 404.046 471.183 Deudas bancarias en euros  1.613.807 2.439.008 1.505.480 2.463.081 Deudas bancarias en divisas  523.835 396.461 528.814 421.014 Total   6.172.131 7.237.106 5.718.674 7.528.001 El valor razonable de las Deudas bancarias y de las Emisiones se ha estimado en su totalidad utilizando una t\u00e9cnica de valoraci\u00f3n basada en el descuento de flujos de caja futuros a los tipos de inter\u00e9s de mercado vigentes en cada fecha (Nivel de jerarqu\u00eda 2).  A 31 de diciembre de 2022 los intereses devengados y no pagados de estas deudas ascienden a 40.838 miles de euros (50.787 miles de euros en 2021).  Emisiones en euros a 31 de diciembre de 2022 recoge las emisiones de Eurobonos llevadas a cabo por Red El\u00e9ctrica Financiaciones, S.A.U. y Red El\u00e9ctrica Corporaci\u00f3n, S.A. con un saldo de 3.641.742 miles de euros (4.026.747 miles de euros en 2021). En el ejercicio 2022 se ha realizado la amortizaci\u00f3n de deuda Euro Medium Term Programme (Programa EMTN) en el euromercado por importe de 400 millones de euros.  Emisiones en d\u00f3lares americanos a 31 de diciembre de 2022 recoge 392.747 miles de euros (374.890 miles de euros en 2021), correspondientes a la emisi\u00f3n de 500 millones de d\u00f3lares americanos realizadas en el mercado de colocaciones privadas en Estados Unidos (USPP) de los que quedan pendientes de pago 250 millones de d\u00f3lares americanos (234.390 miles de euros a cierre de 2022); as\u00ed como tres emisiones de bonos en d\u00f3lares americanos realizadas en Per\u00fa, de los que quedan pendientes de pago 173 millones de d\u00f3lares americanos equivalentes a 158 millones de euros (179 millones de euros en 2021) (v\u00e9ase an\u00e1lisis de riesgo de tipo de cambio en nota 18). Deudas bancarias en euros recoge a 31 de diciembre de 2022 pr\u00e9stamos a largo plazo y p\u00f3lizas de cr\u00e9dito por importe de 1.613.807 miles de euros (1.939.008 miles de euros en 2021). Asimismo a 31 de diciembre de 2021 recog\u00eda tambi\u00e9n el saldo dispuesto de un cr\u00e9dito sindicado por importe de 500.000 miles de euros.  Deudas bancarias en divisas recoge a 31 de diciembre de 2022 pr\u00e9stamos a largo plazo y p\u00f3lizas de cr\u00e9dito principalmente en d\u00f3lares americanos por importe de 523.835 miles de euros (396.461 miles de euros en 2021).  El detalle de los vencimientos de las Emisiones y de las Deudas bancarias a 31 de diciembre de 2022 es el siguiente:   Vencimientos a 31 de diciembre de 2022 Ajustes A\u00f1os coste 2023 2024 2025 2026 2027 Total posteriores amortizado y otros Miles de euros Emisiones en euros  300.000 - 900.000 500.000 675.000 1.315.000 (48.258) 3.641.742 Emisiones en d\u00f3lares  5.928 6.362 147.450 7.300 7.809 221.558 (3.660) 392.747 americanos Deudas bancarias en euros  181.545 321.044 121.050 94.706 400.928 498.567 (4.033) 1.613.807 Deudas bancarias en  192.320 183.582 60.799 5.621 5.766 83.654 (7.907) 523.835 d\u00f3lares americanos Total  679.793 510.988 1.229.299 607.627 1.089.503 2.118.779 (63.858) 6.172.131 El tipo de inter\u00e9s medio de las Deudas con entidades de cr\u00e9dito y de las Emisiones ha sido del 1,62% en el ejercicio 2022 (1,52% en 2021).  A 31 de diciembre de 2022 las sociedades del Grupo tienen l\u00edneas de cr\u00e9dito con entidades de cr\u00e9dito pen- dientes de disponer por un importe de 1.795 millones de euros (1.853 millones de euros en 2021), de los cuales 1.426 millones de euros son a largo plazo (1.717 millones de euros a 31 de diciembre de 2021) y 369 millones de euros a corto plazo (136 millones de euros a 31 de diciembre de 2021).  El detalle de Obligaciones y otros valores negociables a 31 de diciembre de 2022 y 2021 es el siguiente: 31/12/2022 (+/-) Ajustes Saldo vivo Saldo vivo (-) Recompras o por tipo de  inicial (+) Emisiones final reembolsos cambio y 31/12/2021 31/12/2022 otros Miles de euros Valores representativos en un mercado de deuda que han requerido del registro de un folleto  4.026.747 - (400.000) 14.995 3.641.742 informativo Valores representativos en un mercado de deuda que no han requerido del registro de un folleto  - - - - - informativo Otros valores representativos de deuda emitidos 374.890 - (5.521) 23.378 392.747 fuera de un estado miembro de la Uni\u00f3n Europea Total  4.401.637 - (405.521) 38.373 4.034.489 31/12/2021 (+/-) Ajustes Saldo vivo Saldo vivo (-) Recompras o por tipo de inicial  (+) Emisiones final reembolsos cambio y 31/12/2020 31/12/2021 otros Miles de euros Valores representativos en un mercado de deuda que han requerido del registro de un folleto  3.422.760 600.000 - 3.987 4.026.747 informativo Valores representativos en un mercado de deuda que no han requerido del registro de un folleto  - - - - - informativo Otros valores representativos de deuda emitidos 350.324 - (4.586) 29.152 374.890 fuera de un estado miembro de la Uni\u00f3n Europea Total  3.773.084 600.000 (4.586) 33.139 4.401.637 La evoluci\u00f3n durante 2022 y 2021 de valores representativos en un mercado de deuda que han requerido del registro de un folleto informativo corresponde a emisiones registradas en Luxemburgo.  Los cambios en los pasivos en los instrumentos de financiaci\u00f3n a lo largo del ejercicio 2022 diferenciando entre los que suponen y los que no suponen movimientos de flujos de efectivo son los siguientes:  Movimientos que no suponen flujos Movimientos de efectivo 31/12/2021 de flujos de 31/12/2022 efectivo Variaciones de tipo Otras  Miles de euros de cambio Variaciones Emisiones en euros  4.026.747 (400.000) - 14.995 3.641.742 Emisiones en d\u00f3lares americanos  374.890 (5.521) 23.424 (46) 392.747 Deuda bancaria en euros   2.439.008 (820.221) - (2.246) 1.616.541 Deuda bancaria en divisas  396.461 84.024 20.662 19.954 521.101 Total Deuda  7.237.106 (1.141.718) 44.086 32.657 6.172.131 Dentro de Otras variaciones en Deuda bancaria en divisas se incluye principalmente la deuda de Axess en el momento de su incorporaci\u00f3n al per\u00edmetro de consolidaci\u00f3n de Redeia (ver Nota 6).    Derivados  El detalle de los instrumentos financieros derivados figura en la nota 20.     Otros pasivos financieros   El detalle de Otros pasivos financieros a 31 de diciembre de 2022 y 2021 es como sigue : 31/12/2022 31/12/2021 Miles de euros Deudas a largo plazo por arrendamientos  18.343 19.865 Proveedores de inmovilizado y otras deudas  34.288 37.399 Total a largo plazo  52.631 57.264 Dividendo a pagar (nota 13)  147.143 147.061 Deudas a corto plazo por arrendamientos  7.537 8.068 Proveedores de inmovilizado   387.603 315.374 Otras deudas  441.149 282.200 Total a corto plazo  983.432 752.703 Total Otros Pasivos Financieros  1.036.063 809.967 El saldo de Proveedores de inmovilizado recoge fundamentalmente los saldos derivados de la construcci\u00f3n de instalaciones el\u00e9ctricas y de telecomunicaciones. Respecto a las deudas por arrendamiento el detalle de los pagos m\u00ednimos futuros por arrendamiento a largo plazo es el siguiente: A\u00f1os  2023  2024  2025  2026  2027 Total Miles de euros posteriores Pagos m\u00ednimos futuros por  7.537 5.737 5.906 3.656 1.211 1.833 25.880 arrendamiento El Grupo estima que como arrendatario no existen salidas de efectivo futuras previstas por importes signifi- cativos en los que se encuentre potencialmente expuesto y que no se encuentre reflejados en los pasivos por arrendamiento detallados.  Otras deudas recogen principalmente determinadas partidas pendientes de liquidar al sistema el\u00e9ctrico es- pa\u00f1ol y las fianzas recibidas.      Niveles de Jerarqu\u00eda de valor razonable  Los niveles de jerarqu\u00eda de valor razonable a 31 de diciembre de 2022 y 2021 de los pasivos financieros no corrientes y corrientes cuyo valor razonable es el siguiente:  31/12/2022 Miles de euros Nivel 1 Nivel 2 Nivel 3 Saldo total Deudas con entidades de cr\u00e9dito  - 2.137.642 - 2.137.642 Obligaciones y otros valores negociables  - 4.034.489 - 4.034.489 Derivados   - 29.069 - 29.069 Total  - 6.201.200 - 6.201.200 31/12/2021 Nivel 1 Nivel 2 Nivel 3 Saldo total Miles de euros Deudas con entidades de cr\u00e9dito  - 2.835.469 - 2.835.469 Obligaciones y otros valores negociables  - 4.401.637 - 4.401.637 Derivados   - 21.565 - 21.565 Total  - 7.258.671 - 7.258.671 Dentro del Nivel 2 se encuentran las deudas con entidades de cr\u00e9dito, las obligaciones y otras emisiones y los derivados de tipo de cambio y tipo de inter\u00e9s. No existen diferencias significativas entre el valor razonable y el valor neto contable de este ep\u00edgrafe a 31 de diciembre de 2022 y 2021. Para la realizaci\u00f3n de las estimaciones de valor razonable el Grupo ha reflejado las hip\u00f3tesis de los partici- pantes del mercado en base la informaci\u00f3n disponible y las condiciones del mercado en la fecha de realiza- ci\u00f3n de estos Estados Financieros, incorpor\u00e1ndose, en su caso, las primas de riesgo que surgir\u00edan del incre- mento de la incertidumbre generada por la coyuntura macroecon\u00f3mica actual, ajustado las estimaciones por el riesgo de cr\u00e9dito propio y de la contraparte y considerado si los inputs no observables se han vuelto signi- ficativos.  20 Instrumentos financieros derivados El Grupo, de acuerdo con su Pol\u00edtica de Gesti\u00f3n del riesgo financiero, tiene contratados instrumentos finan- cieros derivados de cuatro tipos: Swaps de cobertura de tipo de inter\u00e9s, Swaps de precobertura de tipo de inter\u00e9s, Cross Currency Swaps y Forward de divisa. El primero de ellos, el Swap de cobertura de tipo de inter\u00e9s, consiste en que mediante una permuta financiera se transforma deuda a tipo de inter\u00e9s variable por deuda a tipo de inter\u00e9s fijo, donde los flujos de efectivo futuros a cubrir son los pagos por intereses. Los Swaps de precobertura de tipo de inter\u00e9s cubren el coste financiero de transacciones futuras previstas, alta- mente probables. Del mismo modo, el Cross Currency Swap permite el intercambio de deuda a tipo fijo o variable en d\u00f3lares americanos por deuda a tipo fijo o variable en euros, pudiendo cubrir los flujos futuros de intereses y capital en d\u00f3lares americanos, los flujos futuros de intereses a tipo variable en euros y el riesgo de tipo de cambio por transacciones previstas y altamente probables en d\u00f3lares americanos. Por \u00faltimo, los Forward de  divisa cubren  el riesgo de  tipo  de  cambio por transacciones previstas y altamente probables denominadas en una moneda distinta del euro.  La aplicaci\u00f3n de la NIIF 13 (v\u00e9ase nota 4 n), sobre valoraci\u00f3n de instrumentos financieros derivados e instru- mentos de cobertura de la presente Memoria, requiere un ajuste en las t\u00e9cnicas de valoraci\u00f3n para la obten- ci\u00f3n del valor razonable de los instrumentos financieros derivados. El Grupo incorpora un ajuste por riesgo de cr\u00e9dito con el objetivo de reflejar tanto el riesgo propio como de la contraparte en el valor razonable de los instrumentos financieros derivados a partir de modelos de valoraci\u00f3n generalmente aceptados.  Con el fin de eliminar el riesgo de cr\u00e9dito incorporado en los Cross Currency Swap contratados como cober- tura del tipo de cambio de las emisiones de USPP en 2015 se formalizaron con las contrapartes acuerdos de cesi\u00f3n en garant\u00eda con intercambio de colaterales.  Para la determinaci\u00f3n del ajuste por riesgo de cr\u00e9dito del resto de derivados se ha aplicado una t\u00e9cnica basada en el c\u00e1lculo a trav\u00e9s de simulaciones de la exposici\u00f3n total esperada (que incorpora tanto la expo- sici\u00f3n actual  como  la  exposici\u00f3n potencial)  ajustada  por  la  probabilidad  de  incumplimiento a  lo  largo  del tiempo y por la severidad (o p\u00e9rdida potencial) asignada al Grupo y a cada una de las contrapartes.  La exposici\u00f3n total esperada de los instrumentos financieros derivados se obtiene usando inputs observables de mercado, como curvas de tipo de inter\u00e9s, tipo de cambio y volatilidades seg\u00fan las condiciones del mercado en la fecha de valoraci\u00f3n.  Los inputs aplicados para la obtenci\u00f3n del riesgo de cr\u00e9dito propio y de contraparte (determinaci\u00f3n de la probabilidad de default) se basan principalmente en la aplicaci\u00f3n de spreads de cr\u00e9dito propios o de empre- sas comparables actualmente negociados en el mercado (curvas de CDS - Credit Default Swaps-, TIR emi- siones de deuda).  Asimismo, para el ajuste del valor razonable al riesgo de cr\u00e9dito se han tenido en consideraci\u00f3n las mejoras crediticias relativas a garant\u00edas o colaterales a la hora de determinar la tasa de severidad a aplicar para cada una de las posiciones. La severidad se considera \u00fanica en el tiempo. En el caso de no existir mejoras credi- ticias relativas a garant\u00edas o colaterales, se ha aplicado como tasa m\u00ednima de recuperaci\u00f3n un 40%.  El Grupo ha determinado que la mayor\u00eda de los inputs empleados para la determinaci\u00f3n del valor razonable de los instrumentos financieros derivados, en base a los niveles jer\u00e1rquicos detallados en la nota 4, se en- cuentran en el Nivel 2 de la jerarqu\u00eda, incluyendo los datos empleados para el c\u00e1lculo del ajuste por riesgo de cr\u00e9dito propio y de contraparte.   En el caso de haberse aplicado inputs clasificados como de Nivel 3, el Grupo ha procedido a calcular  el impacto  que  supone  la  introducci\u00f3n  de  dichos  datos  sobre  el  total  de  la  valoraci\u00f3n  de  los  instrumentos financieros derivados y ha determinado que no son significativos. Por tanto, el Grupo ha determinado que el total de la cartera de instrumentos financieros derivados se clasifica en el Nivel 2 de la jerarqu\u00eda.  El Grupo utiliza precios medios de mercado como inputs observables a partir de fuentes de informaci\u00f3n ex- ternas reconocidas en los mercados financieros.   El detalle a 31 de diciembre de 2022 y 2021 de las coberturas en miles de euros se muestra a continuaci\u00f3n:  2022 Tipo medio derivado  No corriente Corriente Plazo de Miles de euros  Principal venci- A pagar  A cobrar  Activo  Pasivo  Activo  Pasivo miento Cobertura de tipo de inter\u00e9s:   - Cobertura de flujos de caja:   389.542 miles de Swap de tipo de inter\u00e9s Hasta 2031 2,48%  EURIBOR+0,11% 8.065 (78) - - euros - Precobertura de flujos de caja:   Swap de tipo de inter\u00e9s con co- 100.000 miles de Hasta 2029 0,32%  EURIBOR 15.301 - - - mienzo diferido en 2023 euros Swap de tipo de inter\u00e9s con co- 100.000 miles de Hasta 2030 0,06%  EURIBOR 15.878 - - - mienzo diferido en 2024 euros Swap de tipo de inter\u00e9s con co- 200.000 miles de Hasta 2031 0,20%  EURIBOR 28.743 - - - mienzo diferido en 2025 euros Cobertura de tipo de cambio: - Cobertura de inversi\u00f3n neta: 150.000 miles de Cross currency swap d\u00f3lares Hasta 2026 - - - (2.209) - - americanos - Precobertura de flujos de caja:   65.230 miles de Cross currency swap d\u00f3lares Hasta 2031 - - - (7.200) - - americanos 208.673 miles de Forward de Divisa d\u00f3lares Hasta 2032 - - 5.709 (3.525) - (6.864) americanos 28.543 miles de Forward de Divisa Hasta 2023 - - - - - (189) reales brasile\u00f1os Cobertura de tipo de inter\u00e9s y de cambio - Cobertura de flujos de caja (Cross currency swap): 250.000 miles de Cobertura de tipo de inter\u00e9s 4,12% 2.917 - - - d\u00f3lares Hasta 2035 5,35% USD EUR americanos Cobertura de tipo de cambio  28.459 - - - - Cobertura de flujos de caja (Cross currency swap): Cobertura de tipo de inter\u00e9s 77.567 miles de 5.544 - - - 2,975% d\u00f3lares Hasta 2031 EURIBOR + 0,38% USD Cobertura de tipo de cambio  - (9.004) - - americanos Total   110.616 (22.016) - (7.053 ) 2021 Tipo medio derivado  No corriente Corriente Miles de euros Principal  Plazo de vencimiento A pagar   A cobrar  Activo Pasivo Activo Pasivo Cobertura de tipo de inter\u00e9s: - Cobertura de flujos de caja:   225.000 miles Swap de tipo de inter\u00e9s Hasta 2022 0,34%  EURIBOR  - - - (1.544) de euros 43.621 miles de Swap de tipo de inter\u00e9s Hasta 2031 0,72%  EURIBOR+0,38% 438 - - - euros - Precobertura de flujos de caja: Swap de tipo de inter\u00e9s con 20.921 miles de Hasta 2031 0,72%  EURIBOR+0,38% 207 - - - comienzo diferido en 2022 euros Swap de tipo de inter\u00e9s con 100.000 miles Hasta 2029 0,32%  EURIBOR  1.131 (1.673) - - comienzo diferido en 2023 de euros Swap de tipo de inter\u00e9s con 100.000 miles Hasta 2030 0,06%  EURIBOR  1.655 - - - comienzo diferido en 2024 de euros Swap de tipo de inter\u00e9s con 200.000 miles Hasta 2031 0,20%  EURIBOR  2.758 - - - comienzo diferido en 2025 de euros Cobertura de tipo de cambio: - Cobertura de inversi\u00f3n neta: 150.000 miles Cross currency swap de d\u00f3lares Hasta 2026 -   -   6.099 - - - americanos - Precobertura de flujos de caja: 161.432 miles Cross currency swap de d\u00f3lares Hasta 2031      - (9.535) - - americanos 189.598 miles Forward de Divisa de d\u00f3lares Hasta 2025 -      - (5.228) 33 (3.585) americanos 45.885 miles de Forward de Divisa reales Hasta 2022 -      - - 58 - brasile\u00f1os Cobertura de tipo de inter\u00e9s y de cambio: - Cobertura de flujos de caja (Cross currency swap): Cobertura de tipo de  4,12% EUR 5,35% USD  (3.496) - - - inter\u00e9s 250.000 miles de d\u00f3lares Hasta 2035 Cobertura de tipo de  americanos -   -   14.800 - - - cambio Total         23.592 (16.436) 91 (5.129) Asimismo, el detalle de los flujos esperados de los derivados a 31 de diciembre de 2022 y 2021 que son similares a sus impactos esperados en resultados, por a\u00f1os de ocurrencia es como sigue: Vencimientos a 31 de diciembre de 2022 2028 y Plazo de si- Miles de euros  Principal 2023  2024  2025  2026  2027 Total vencimiento guien- tes Cobertura de tipo de inter\u00e9s: - Cobertura de flujos de caja: 389.542 mi- Swap de tipo de inter\u00e9s Hasta 2031 - (78) - - - 8.065 7.987 les de euros - Precobertura de flujos de caja: Swap de tipo de inter\u00e9s con comienzo 100.000 mi- Hasta 2029 - - - - - 15.301 15.301 diferido en 2023 les de euros Swap de tipo de inter\u00e9s con comienzo 100.000 mi- Hasta 2030 - - - - - 15.878 15.878 diferido en 2024 les de euros Swap de tipo de inter\u00e9s con comienzo 200.000 mi- Hasta 2031 - - - - - 28.743 28.743 diferido en 2025 les de euros Cobertura de tipo de cambio: - Cobertura de inversi\u00f3n neta: 150.000 mi- les de d\u00f3la- Cross currency swap Hasta 2026 - - - (2.209) - - (2.209) res america- nos - Precobertura de flujos de caja: 65.230 miles Cross currency swap de d\u00f3lares Hasta 2031 - - - - - (7.200) (7.200) americanos 203.710 mi- les de d\u00f3la- Forward de Divisa Hasta 2032 (6.864) (1.916) (255) 867 1.214 2.275 (4.679) res america- nos 45.885 miles Forward de Divisa de reales Hasta 2023 (189) - - - - - (189) brasile\u00f1os Cobertura de tipo de inter\u00e9s y de cambio - Cobertura de flujos de caja (Cross currency swap): Cobertura de tipo de inter\u00e9s 250.000 mi- - - (78) - - 2.995 2.917 les de d\u00f3la- Hasta 2035 res america- Cobertura de tipo de cambio  - - 17.075 - - 11.384 28.459 nos - Cobertura de flujos de caja (Cross currency swap): Cobertura de tipo de inter\u00e9s 77.567 miles - - - - - 5.543 5.543 de d\u00f3lares Hasta 2031 Cobertura de tipo de cambio  - - - - - (9.004) (9.004) americanos Total (7.053) (1.994) 16.742 (1.342) 1.214 73.980 81.547 Vencimientos a 31 de diciembre de 2021 2027 y Plazo de si- Miles de euros  Principal venci- 2022  2023  2024  2025  2026 Total guien- miento tes Cobertura de tipo de inter\u00e9s: - Cobertura de flujos de caja:   225.000 miles Swap de tipo de inter\u00e9s Hasta 2022 (1.544) - - - - - (1.544) de euros 43.621 miles Swap de tipo de inter\u00e9s Hasta 2031 - - - - - 438 433 de euros - Precobertura de flujos de caja:   Swap de tipo de inter\u00e9s con comienzo 20.921 miles Hasta 2031 - - - - - 207 207 diferido en 2022 de euros Swap de tipo de inter\u00e9s con comienzo 100.000 miles Hasta 2029 - - - - - (542) (542) diferido en 2023 de euros Swap de tipo de inter\u00e9s con comienzo 100.000 miles Hasta 2030 - - - - - 1.655 1.655 diferido en 2024 de euros Swap de tipo de inter\u00e9s con comienzo 200.000 miles Hasta 2031 - - - - - 2.758 2.758 diferido en 2025 de euros Cobertura de tipo de cambio: - Cobertura de inversi\u00f3n neta:   150.000 miles Cross currency swap de d\u00f3lares Hasta 2026 - - - - 6.099 - 6.099 americanos - Precobertura de flujos de caja:   161.432 miles Cross currency swap de d\u00f3lares Hasta 2031 - - - - - (9.535) (9.535) americanos 189.598 miles Forward de Divisa de d\u00f3lares Hasta 2025 (3.552) (3.486) (1.383) (359) - - (8.781) americanos 45.885 miles Forward de Divisa de reales Hasta 2022 58 - - - - - 58 brasile\u00f1os Cobertura de tipo de inter\u00e9s y de cambio - Cobertura de flujos de caja (Cross currency swap): Cobertura de tipo de inter\u00e9s 250.000 miles - - - (644) - (2.852) (3.496) de d\u00f3lares Hasta 2035 americanos Cobertura de tipo de cambio  - - - 8.880 - 5.920 14.800 Total   (5.038) (3.486) (1.383) 7.877 6.099 (1.951) 2.118 Durante los ejercicios 2022 y 2021 el Grupo ha reconocido como consecuencia de las coberturas de flujos de efectivo realizadas los siguientes importes:     2022   2.021 Inversio- Inversio- nes con- nes con- Pasivos Pasivos tabiliza- tabiliza- Finan- Deriva- Finan- Deriva- das apli- das apli- cieros a dos de cieros a dos de cando el Total cando el Total coste Cober- coste Cober- m\u00e9todo m\u00e9todo amorti- tura (*) amorti- tura (*) de la par- de la par- zado zado ticipa- ticipa- ci\u00f3n ci\u00f3n (P\u00e9rdidas) / Ganancias en el Estado de Resultados 9.052 10.456 - 19.508 3.540 2.408 - 5.948 Consolidado (P\u00e9rdidas) / Ganancias en el Estado de Otro  63.929 405 9.369 73.703 12.503 (8.516) 23.938 27.925 Resultado Global Consolidado Total  72.981 10.861 9.369 93.211 16.043 (6.108) 23.938 33.873 (*) Corresponde a una cobertura de flujos de efectivo de una transacci\u00f3n prevista altamente probable. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueMeasurementExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-650": {
   "value": "19 Activos y Pasivos financieros a)  Activos financieros  El detalle del ep\u00edgrafe Activos financieros, tanto corrientes como no corrientes del Grupo a 31 de diciembre de 2022 y 2021 es como sigue: 31/12/2022 A valor  A valor  razonable con razonable con A coste  Derivados de cambios en Total cambios en  amortizado cobertura Otro resultado resultados global Miles de euros Instrumentos de patrimonio  84.534 8.742 - - 93.276 Derivados  - - - 110.616 110.616 Otros activos financieros  - 6.603 175.714 - 182.317 Largo plazo/ no corrientes  84.066 15.813 175.714 110.616 386.209 Otros activos financieros  - - 752.505 - 752.505 Derivados  - - - - - Corto plazo/ corrientes  - - 752.505 - 752.505 Total   84.066 15.813 928.219 110.616 1.138.714 31/12/2021 A valor  razonable con A valor  cambios en razonable con A coste  Derivados de Total Otro  cambios en  amortizado cobertura resultado  resultados global Miles de euros Instrumentos de patrimonio  85.368 4.329 - - 89.697 Derivados  - - - 23.592 23.592 Otros activos financieros  - 1.050 23.942 - 24.992 Largo plazo/ no corrientes  85.368 5.379 23.942 23.592 138.281 Otros activos financieros  - - 25.401 - 25.401 Derivados  - - - 91 91 Corto plazo/ corrientes  - - 25.401 91 25.492 Total   85.368 5.379 49.343 23.683 163.773    Instrumentos de patrimonio  La partida Instrumentos de patrimonio corresponde fundamentalmente a la participaci\u00f3n del 5% que tiene el Grupo en REN, sociedad holding que engloba la operaci\u00f3n y la explotaci\u00f3n de los activos de transporte de electricidad y de diversas infraestructuras de gas de Portugal. Esta participaci\u00f3n fue adquirida en 2007 y el precio de la transacci\u00f3n ascendi\u00f3 a 98.822 miles de euros. En 2017 el Grupo acudi\u00f3 a la ampliaci\u00f3n de capital realizada por REN suscribiendo 6.659.563 nuevas acciones por importe de 12.500 miles de euros permiti\u00e9n- dole mantener el 5% de la sociedad.   REN tiene a 31 de diciembre de 2021 un Patrimonio Neto consolidado de 1.409.830 miles de euros y un resultado del ejercicio despu\u00e9s de impuestos de 97.153 miles de euros.  Estos instrumentos han sido clasificados como activos financieros medidos a valor razonable con cambios en \u201cOtro resultado global\u201d (v\u00e9ase nota 2 b). La valoraci\u00f3n de esta participaci\u00f3n est\u00e1 sujeta a la cotizaci\u00f3n de la acci\u00f3n (nivel 1). Durante el ejercicio 2022 se ha producido un decremento en el valor razonable de este instrumento de patrimonio que se ha registrado directamente contra el Patrimonio neto.  A 31 de diciembre de 2022 el Grupo ha cuantificado el descenso en el valor de la participaci\u00f3n en 834 miles de euros (aumento de 6.005 miles de euros en 2021).  Asimismo, tanto en 2022 como en 2021 se recogen tambi\u00e9n las inversiones que la sociedad Red El\u00e9ctrica de Telecomunicaciones, Innovaci\u00f3n y Tecnolog\u00eda, S.A.U. (Elewit) realiza en diferentes entidades de car\u00e1cter innovador.  Durante el ejercicio 2022 se ha producido un aumento de la inversi\u00f3n en las sociedades Adara Ventures III, S.C.A. y Cardumen Fund I por importe de 1.455 miles de euros. Asimismo, se ha registrado el alta de la sociedad, consolidada  durante el ejercicio  2021 por  el m\u00e9todo de la participaci\u00f3n (ver nota 2.g), Zeleros Global, S.L. tras la perdida de la influencia significativa y un aumento del valor razonable, con impacto positivo en resultados por importe de 1.343 miles de euros, del valor razonable de estos Instrumentos de Patrimonio.      Derivados   El detalle de los instrumentos financieros derivados figura en la nota 20.     Otros activos financieros  Dentro de Otros activos financieros a coste amortizado se incluye, en 2022, el activo financiero surgido tras la aplicaci\u00f3n de la CINIIF 12 por el saldo pendiente de facturaci\u00f3n y  cobro a largo plazo por parte de la administraci\u00f3n concedente en relaci\u00f3n al proyecto de la Central Hidr\u00e1ulica Reversible de 200 MW de Salto de Chira en Gran Canaria, por importe de 114.632 miles de euros. Este proyecto, tras la publicaci\u00f3n de la Orden en la que se apruebe la metodolog\u00eda del c\u00e1lculo de la retribuci\u00f3n (v\u00e9ase nota 3), se ha clasificado como una concesi\u00f3n, aplic\u00e1ndose el modelo financiero. Para ello se ha traspasado el importe acumulado en el inmovilizado en curso por los trabajos realizados hasta ese momento (v\u00e9ase nota 7) por importe de 50.407 miles de euros y se ha registrado el importe a cobrar devengado en el ejercicio, tanto derivado de la cons- trucci\u00f3n como de la actualizaci\u00f3n financiera de la cuenta a cobrar, por un importe total de 64.225 miles de euros (v\u00e9ase nota 24.b). Dentro de otros activos financieros a coste amortizado tambi\u00e9n se recoge principalmente la l\u00ednea de cr\u00e9dito concedida por la Sociedad del Grupo Reintel a la participaci\u00f3n no dominante, Rudolph Bidco, S.\u00e0.r.l. El im- porte de la p\u00f3liza es de 72.500 miles de euros, de los cuales se han dispuesto 23.422 miles de euros. Asi- mismo, se incluye el cr\u00e9dito a la sociedad, consolidada por el m\u00e9todo de la participaci\u00f3n, TEN por importe de 13.913 miles de euros (12.338 miles de euros a 31 de diciembre de 2021). Ambos cr\u00e9ditos devengan intere- ses, a EURIBOR m\u00e1s un diferencial de 471 puntos b\u00e1sicos en el primer caso y LIBOR m\u00e1s un diferencial de 270 puntos b\u00e1sicos en el segundo caso. Del mismo modo, tambi\u00e9n se incluyen fianzas constituidas y cr\u00e9ditos concedidos por Redeia a su personal con vencimiento a largo plazo. No existe diferencia significativa entre el valor razonable y el valor neto contable de este ep\u00edgrafe a 31 de diciembre de 2022 y 2021.   Asimismo, tambi\u00e9n se recoge dentro de otros activos financieros a valor razonable con cambios en resultados 6.603 miles de euros (1.050 miles de euros en 2021) correspondientes a la inversi\u00f3n en Agrupaciones de Inter\u00e9s Econ\u00f3mico (AIE), cuya actividad es el arrendamiento de activos dirigidos por otra entidad no vinculada a Redeia, que es la que retiene tanto la mayor\u00eda de los beneficios como los riesgos de la actividad, acogi\u00e9n- dose el Grupo \u00fanicamente a los incentivos fiscales regulados en la legislaci\u00f3n espa\u00f1ola. El Grupo imputa las bases imponibles negativas que van generando estas AIE contra las participaciones y por diferencia con la deuda registrada con la Hacienda P\u00fablica acreedora, el correspondiente ingreso financiero (ver nota 24 e).    Niveles de Jerarqu\u00eda de valor razonable  La siguiente tabla presenta los Activos financieros del Grupo valorados a valor razonable seg\u00fan las variables utilizadas para el c\u00e1lculo del valor razonable a 31 de diciembre de 2022 y 2021:  31/12/2022 Miles de euros Nivel 1 Nivel 2 Nivel 3 Saldo total Instrumentos de patrimonio 84.066 - 9.210 93.276 Derivados - 110.616 - 110.616 Otros activos financieros - 6.603 6.603 31/12/2021 Miles de euros Nivel 1 Nivel 2 Nivel 3 Saldo total Instrumentos de patrimonio 84.900 - 4.797 89.697 Derivados - 23.683 - 23.683 Otros activos financieros - 1.050 1.050 Los Instrumentos de patrimonio clasificados en el Nivel 1 corresponden al 5% que el Grupo posee en la sociedad cotizada REN. En el Nivel 3 se encuentran principalmente las inversiones realizadas por Elewit en fondos de inversi\u00f3n y sociedades de car\u00e1cter innovador.  Los Otros activos financieros clasificados en el Nivel 2 corresponden a las inversiones en Agrupaciones de Inter\u00e9s Econ\u00f3mico (AIE). b)  Pasivos financieros   El detalle del ep\u00edgrafe Pasivos financieros, tanto corrientes como no corrientes, del Grupo a 31 de diciembre de 2022 y 2021 es como sigue:  31/12/2022 Derivados de Pasivos Financieros Total cobertura Miles de euros Deudas con entidades de cr\u00e9dito  1.762.259 - 1.762.259 Obligaciones y otros valores negociables  3.728.865 - 3.728.865 Derivados  - 22.016 22.016 Otros pasivos financieros  52.631 - 52.631 Largo plazo/ no corrientes  5.543.755 22.016 5.565.771 Deudas con entidades de cr\u00e9dito  389.650 - 389.650 Obligaciones y otros valores negociables  332.195 - 332.195 Derivados  - 7.053 7.053 Otros pasivos financieros  983.432 - 983.432 Corto plazo/ corrientes  1.705.277 7.053 1.712.330 Total  7.249.032 29.069 7.278.101 31/12/2021 Pasivos Derivados Total Financieros de cobertura Miles de euros Deudas con entidades de cr\u00e9dito  1.899.560 - 1.899.560 Obligaciones y otros valores negociables  3.996.610 - 3.996.610 Derivados  - 16.436 16.436 Otros pasivos financieros   57.264 - 57.264 Largo plazo/ no corrientes  5.953.434 16.436 5.969.870 Deudas con entidades de cr\u00e9dito  945.757 - 945.757 Obligaciones y otros valores negociables  445.965 - 445.965 Derivados  - 5.129 5.129 Otros pasivos financieros  752.703 - 752.703 Corto plazo/ corrientes  2.144.425 5.129 2.149.554 Total  8.097.859 21.565 8.119.424   Deudas con entidades de cr\u00e9dito y Obligaciones y otros valores negociables  El valor contable y razonable de las Deudas con entidades de cr\u00e9dito y de las emisiones de Obligaciones y otros valores negociables a 31 de diciembre de 2022 y 2021, sin incluir los intereses pendientes de pago, es el siguiente:   Valor contable  Valor razonable Miles de euros 2022 2021 2022 2021 Emisiones en euros  3.641.742 4.026.747 3.280.334 4.172.723 Emisiones en d\u00f3lares americanos  392.747 374.890 404.046 471.183 Deudas bancarias en euros  1.613.807 2.439.008 1.505.480 2.463.081 Deudas bancarias en divisas  523.835 396.461 528.814 421.014 Total   6.172.131 7.237.106 5.718.674 7.528.001 El valor razonable de las Deudas bancarias y de las Emisiones se ha estimado en su totalidad utilizando una t\u00e9cnica de valoraci\u00f3n basada en el descuento de flujos de caja futuros a los tipos de inter\u00e9s de mercado vigentes en cada fecha (Nivel de jerarqu\u00eda 2).  A 31 de diciembre de 2022 los intereses devengados y no pagados de estas deudas ascienden a 40.838 miles de euros (50.787 miles de euros en 2021).  Emisiones en euros a 31 de diciembre de 2022 recoge las emisiones de Eurobonos llevadas a cabo por Red El\u00e9ctrica Financiaciones, S.A.U. y Red El\u00e9ctrica Corporaci\u00f3n, S.A. con un saldo de 3.641.742 miles de euros (4.026.747 miles de euros en 2021). En el ejercicio 2022 se ha realizado la amortizaci\u00f3n de deuda Euro Medium Term Programme (Programa EMTN) en el euromercado por importe de 400 millones de euros.  Emisiones en d\u00f3lares americanos a 31 de diciembre de 2022 recoge 392.747 miles de euros (374.890 miles de euros en 2021), correspondientes a la emisi\u00f3n de 500 millones de d\u00f3lares americanos realizadas en el mercado de colocaciones privadas en Estados Unidos (USPP) de los que quedan pendientes de pago 250 millones de d\u00f3lares americanos (234.390 miles de euros a cierre de 2022); as\u00ed como tres emisiones de bonos en d\u00f3lares americanos realizadas en Per\u00fa, de los que quedan pendientes de pago 173 millones de d\u00f3lares americanos equivalentes a 158 millones de euros (179 millones de euros en 2021) (v\u00e9ase an\u00e1lisis de riesgo de tipo de cambio en nota 18). Deudas bancarias en euros recoge a 31 de diciembre de 2022 pr\u00e9stamos a largo plazo y p\u00f3lizas de cr\u00e9dito por importe de 1.613.807 miles de euros (1.939.008 miles de euros en 2021). Asimismo a 31 de diciembre de 2021 recog\u00eda tambi\u00e9n el saldo dispuesto de un cr\u00e9dito sindicado por importe de 500.000 miles de euros.  Deudas bancarias en divisas recoge a 31 de diciembre de 2022 pr\u00e9stamos a largo plazo y p\u00f3lizas de cr\u00e9dito principalmente en d\u00f3lares americanos por importe de 523.835 miles de euros (396.461 miles de euros en 2021).  El detalle de los vencimientos de las Emisiones y de las Deudas bancarias a 31 de diciembre de 2022 es el siguiente:   Vencimientos a 31 de diciembre de 2022 Ajustes A\u00f1os coste 2023 2024 2025 2026 2027 Total posteriores amortizado y otros Miles de euros Emisiones en euros  300.000 - 900.000 500.000 675.000 1.315.000 (48.258) 3.641.742 Emisiones en d\u00f3lares  5.928 6.362 147.450 7.300 7.809 221.558 (3.660) 392.747 americanos Deudas bancarias en euros  181.545 321.044 121.050 94.706 400.928 498.567 (4.033) 1.613.807 Deudas bancarias en  192.320 183.582 60.799 5.621 5.766 83.654 (7.907) 523.835 d\u00f3lares americanos Total  679.793 510.988 1.229.299 607.627 1.089.503 2.118.779 (63.858) 6.172.131 El tipo de inter\u00e9s medio de las Deudas con entidades de cr\u00e9dito y de las Emisiones ha sido del 1,62% en el ejercicio 2022 (1,52% en 2021).  A 31 de diciembre de 2022 las sociedades del Grupo tienen l\u00edneas de cr\u00e9dito con entidades de cr\u00e9dito pen- dientes de disponer por un importe de 1.795 millones de euros (1.853 millones de euros en 2021), de los cuales 1.426 millones de euros son a largo plazo (1.717 millones de euros a 31 de diciembre de 2021) y 369 millones de euros a corto plazo (136 millones de euros a 31 de diciembre de 2021).  El detalle de Obligaciones y otros valores negociables a 31 de diciembre de 2022 y 2021 es el siguiente: 31/12/2022 (+/-) Ajustes Saldo vivo Saldo vivo (-) Recompras o por tipo de  inicial (+) Emisiones final reembolsos cambio y 31/12/2021 31/12/2022 otros Miles de euros Valores representativos en un mercado de deuda que han requerido del registro de un folleto  4.026.747 - (400.000) 14.995 3.641.742 informativo Valores representativos en un mercado de deuda que no han requerido del registro de un folleto  - - - - - informativo Otros valores representativos de deuda emitidos 374.890 - (5.521) 23.378 392.747 fuera de un estado miembro de la Uni\u00f3n Europea Total  4.401.637 - (405.521) 38.373 4.034.489 31/12/2021 (+/-) Ajustes Saldo vivo Saldo vivo (-) Recompras o por tipo de inicial  (+) Emisiones final reembolsos cambio y 31/12/2020 31/12/2021 otros Miles de euros Valores representativos en un mercado de deuda que han requerido del registro de un folleto  3.422.760 600.000 - 3.987 4.026.747 informativo Valores representativos en un mercado de deuda que no han requerido del registro de un folleto  - - - - - informativo Otros valores representativos de deuda emitidos 350.324 - (4.586) 29.152 374.890 fuera de un estado miembro de la Uni\u00f3n Europea Total  3.773.084 600.000 (4.586) 33.139 4.401.637 La evoluci\u00f3n durante 2022 y 2021 de valores representativos en un mercado de deuda que han requerido del registro de un folleto informativo corresponde a emisiones registradas en Luxemburgo.  Los cambios en los pasivos en los instrumentos de financiaci\u00f3n a lo largo del ejercicio 2022 diferenciando entre los que suponen y los que no suponen movimientos de flujos de efectivo son los siguientes:  Movimientos que no suponen flujos Movimientos de efectivo 31/12/2021 de flujos de 31/12/2022 efectivo Variaciones de tipo Otras  Miles de euros de cambio Variaciones Emisiones en euros  4.026.747 (400.000) - 14.995 3.641.742 Emisiones en d\u00f3lares americanos  374.890 (5.521) 23.424 (46) 392.747 Deuda bancaria en euros   2.439.008 (820.221) - (2.246) 1.616.541 Deuda bancaria en divisas  396.461 84.024 20.662 19.954 521.101 Total Deuda  7.237.106 (1.141.718) 44.086 32.657 6.172.131 Dentro de Otras variaciones en Deuda bancaria en divisas se incluye principalmente la deuda de Axess en el momento de su incorporaci\u00f3n al per\u00edmetro de consolidaci\u00f3n de Redeia (ver Nota 6).    Derivados  El detalle de los instrumentos financieros derivados figura en la nota 20.     Otros pasivos financieros   El detalle de Otros pasivos financieros a 31 de diciembre de 2022 y 2021 es como sigue : 31/12/2022 31/12/2021 Miles de euros Deudas a largo plazo por arrendamientos  18.343 19.865 Proveedores de inmovilizado y otras deudas  34.288 37.399 Total a largo plazo  52.631 57.264 Dividendo a pagar (nota 13)  147.143 147.061 Deudas a corto plazo por arrendamientos  7.537 8.068 Proveedores de inmovilizado   387.603 315.374 Otras deudas  441.149 282.200 Total a corto plazo  983.432 752.703 Total Otros Pasivos Financieros  1.036.063 809.967 El saldo de Proveedores de inmovilizado recoge fundamentalmente los saldos derivados de la construcci\u00f3n de instalaciones el\u00e9ctricas y de telecomunicaciones. Respecto a las deudas por arrendamiento el detalle de los pagos m\u00ednimos futuros por arrendamiento a largo plazo es el siguiente: A\u00f1os  2023  2024  2025  2026  2027 Total Miles de euros posteriores Pagos m\u00ednimos futuros por  7.537 5.737 5.906 3.656 1.211 1.833 25.880 arrendamiento El Grupo estima que como arrendatario no existen salidas de efectivo futuras previstas por importes signifi- cativos en los que se encuentre potencialmente expuesto y que no se encuentre reflejados en los pasivos por arrendamiento detallados.  Otras deudas recogen principalmente determinadas partidas pendientes de liquidar al sistema el\u00e9ctrico es- pa\u00f1ol y las fianzas recibidas.      Niveles de Jerarqu\u00eda de valor razonable  Los niveles de jerarqu\u00eda de valor razonable a 31 de diciembre de 2022 y 2021 de los pasivos financieros no corrientes y corrientes cuyo valor razonable es el siguiente:  31/12/2022 Miles de euros Nivel 1 Nivel 2 Nivel 3 Saldo total Deudas con entidades de cr\u00e9dito  - 2.137.642 - 2.137.642 Obligaciones y otros valores negociables  - 4.034.489 - 4.034.489 Derivados   - 29.069 - 29.069 Total  - 6.201.200 - 6.201.200 31/12/2021 Nivel 1 Nivel 2 Nivel 3 Saldo total Miles de euros Deudas con entidades de cr\u00e9dito  - 2.835.469 - 2.835.469 Obligaciones y otros valores negociables  - 4.401.637 - 4.401.637 Derivados   - 21.565 - 21.565 Total  - 7.258.671 - 7.258.671 Dentro del Nivel 2 se encuentran las deudas con entidades de cr\u00e9dito, las obligaciones y otras emisiones y los derivados de tipo de cambio y tipo de inter\u00e9s. No existen diferencias significativas entre el valor razonable y el valor neto contable de este ep\u00edgrafe a 31 de diciembre de 2022 y 2021. Para la realizaci\u00f3n de las estimaciones de valor razonable el Grupo ha reflejado las hip\u00f3tesis de los partici- pantes del mercado en base la informaci\u00f3n disponible y las condiciones del mercado en la fecha de realiza- ci\u00f3n de estos Estados Financieros, incorpor\u00e1ndose, en su caso, las primas de riesgo que surgir\u00edan del incre- mento de la incertidumbre generada por la coyuntura macroecon\u00f3mica actual, ajustado las estimaciones por el riesgo de cr\u00e9dito propio y de la contraparte y considerado si los inputs no observables se han vuelto signi- ficativos.  20 Instrumentos financieros derivados El Grupo, de acuerdo con su Pol\u00edtica de Gesti\u00f3n del riesgo financiero, tiene contratados instrumentos finan- cieros derivados de cuatro tipos: Swaps de cobertura de tipo de inter\u00e9s, Swaps de precobertura de tipo de inter\u00e9s, Cross Currency Swaps y Forward de divisa. El primero de ellos, el Swap de cobertura de tipo de inter\u00e9s, consiste en que mediante una permuta financiera se transforma deuda a tipo de inter\u00e9s variable por deuda a tipo de inter\u00e9s fijo, donde los flujos de efectivo futuros a cubrir son los pagos por intereses. Los Swaps de precobertura de tipo de inter\u00e9s cubren el coste financiero de transacciones futuras previstas, alta- mente probables. Del mismo modo, el Cross Currency Swap permite el intercambio de deuda a tipo fijo o variable en d\u00f3lares americanos por deuda a tipo fijo o variable en euros, pudiendo cubrir los flujos futuros de intereses y capital en d\u00f3lares americanos, los flujos futuros de intereses a tipo variable en euros y el riesgo de tipo de cambio por transacciones previstas y altamente probables en d\u00f3lares americanos. Por \u00faltimo, los Forward de  divisa cubren  el riesgo de  tipo  de  cambio por transacciones previstas y altamente probables denominadas en una moneda distinta del euro.  La aplicaci\u00f3n de la NIIF 13 (v\u00e9ase nota 4 n), sobre valoraci\u00f3n de instrumentos financieros derivados e instru- mentos de cobertura de la presente Memoria, requiere un ajuste en las t\u00e9cnicas de valoraci\u00f3n para la obten- ci\u00f3n del valor razonable de los instrumentos financieros derivados. El Grupo incorpora un ajuste por riesgo de cr\u00e9dito con el objetivo de reflejar tanto el riesgo propio como de la contraparte en el valor razonable de los instrumentos financieros derivados a partir de modelos de valoraci\u00f3n generalmente aceptados.  Con el fin de eliminar el riesgo de cr\u00e9dito incorporado en los Cross Currency Swap contratados como cober- tura del tipo de cambio de las emisiones de USPP en 2015 se formalizaron con las contrapartes acuerdos de cesi\u00f3n en garant\u00eda con intercambio de colaterales.  Para la determinaci\u00f3n del ajuste por riesgo de cr\u00e9dito del resto de derivados se ha aplicado una t\u00e9cnica basada en el c\u00e1lculo a trav\u00e9s de simulaciones de la exposici\u00f3n total esperada (que incorpora tanto la expo- sici\u00f3n actual  como  la  exposici\u00f3n potencial)  ajustada  por  la  probabilidad  de  incumplimiento a  lo  largo  del tiempo y por la severidad (o p\u00e9rdida potencial) asignada al Grupo y a cada una de las contrapartes.  La exposici\u00f3n total esperada de los instrumentos financieros derivados se obtiene usando inputs observables de mercado, como curvas de tipo de inter\u00e9s, tipo de cambio y volatilidades seg\u00fan las condiciones del mercado en la fecha de valoraci\u00f3n.  Los inputs aplicados para la obtenci\u00f3n del riesgo de cr\u00e9dito propio y de contraparte (determinaci\u00f3n de la probabilidad de default) se basan principalmente en la aplicaci\u00f3n de spreads de cr\u00e9dito propios o de empre- sas comparables actualmente negociados en el mercado (curvas de CDS - Credit Default Swaps-, TIR emi- siones de deuda).  Asimismo, para el ajuste del valor razonable al riesgo de cr\u00e9dito se han tenido en consideraci\u00f3n las mejoras crediticias relativas a garant\u00edas o colaterales a la hora de determinar la tasa de severidad a aplicar para cada una de las posiciones. La severidad se considera \u00fanica en el tiempo. En el caso de no existir mejoras credi- ticias relativas a garant\u00edas o colaterales, se ha aplicado como tasa m\u00ednima de recuperaci\u00f3n un 40%.  El Grupo ha determinado que la mayor\u00eda de los inputs empleados para la determinaci\u00f3n del valor razonable de los instrumentos financieros derivados, en base a los niveles jer\u00e1rquicos detallados en la nota 4, se en- cuentran en el Nivel 2 de la jerarqu\u00eda, incluyendo los datos empleados para el c\u00e1lculo del ajuste por riesgo de cr\u00e9dito propio y de contraparte.   En el caso de haberse aplicado inputs clasificados como de Nivel 3, el Grupo ha procedido a calcular  el impacto  que  supone  la  introducci\u00f3n  de  dichos  datos  sobre  el  total  de  la  valoraci\u00f3n  de  los  instrumentos financieros derivados y ha determinado que no son significativos. Por tanto, el Grupo ha determinado que el total de la cartera de instrumentos financieros derivados se clasifica en el Nivel 2 de la jerarqu\u00eda.  El Grupo utiliza precios medios de mercado como inputs observables a partir de fuentes de informaci\u00f3n ex- ternas reconocidas en los mercados financieros.   El detalle a 31 de diciembre de 2022 y 2021 de las coberturas en miles de euros se muestra a continuaci\u00f3n:  2022 Tipo medio derivado  No corriente Corriente Plazo de Miles de euros  Principal venci- A pagar  A cobrar  Activo  Pasivo  Activo  Pasivo miento Cobertura de tipo de inter\u00e9s:   - Cobertura de flujos de caja:   389.542 miles de Swap de tipo de inter\u00e9s Hasta 2031 2,48%  EURIBOR+0,11% 8.065 (78) - - euros - Precobertura de flujos de caja:   Swap de tipo de inter\u00e9s con co- 100.000 miles de Hasta 2029 0,32%  EURIBOR 15.301 - - - mienzo diferido en 2023 euros Swap de tipo de inter\u00e9s con co- 100.000 miles de Hasta 2030 0,06%  EURIBOR 15.878 - - - mienzo diferido en 2024 euros Swap de tipo de inter\u00e9s con co- 200.000 miles de Hasta 2031 0,20%  EURIBOR 28.743 - - - mienzo diferido en 2025 euros Cobertura de tipo de cambio: - Cobertura de inversi\u00f3n neta: 150.000 miles de Cross currency swap d\u00f3lares Hasta 2026 - - - (2.209) - - americanos - Precobertura de flujos de caja:   65.230 miles de Cross currency swap d\u00f3lares Hasta 2031 - - - (7.200) - - americanos 208.673 miles de Forward de Divisa d\u00f3lares Hasta 2032 - - 5.709 (3.525) - (6.864) americanos 28.543 miles de Forward de Divisa Hasta 2023 - - - - - (189) reales brasile\u00f1os Cobertura de tipo de inter\u00e9s y de cambio - Cobertura de flujos de caja (Cross currency swap): 250.000 miles de Cobertura de tipo de inter\u00e9s 4,12% 2.917 - - - d\u00f3lares Hasta 2035 5,35% USD EUR americanos Cobertura de tipo de cambio  28.459 - - - - Cobertura de flujos de caja (Cross currency swap): Cobertura de tipo de inter\u00e9s 77.567 miles de 5.544 - - - 2,975% d\u00f3lares Hasta 2031 EURIBOR + 0,38% USD Cobertura de tipo de cambio  - (9.004) - - americanos Total   110.616 (22.016) - (7.053 ) 2021 Tipo medio derivado  No corriente Corriente Miles de euros Principal  Plazo de vencimiento A pagar   A cobrar  Activo Pasivo Activo Pasivo Cobertura de tipo de inter\u00e9s: - Cobertura de flujos de caja:   225.000 miles Swap de tipo de inter\u00e9s Hasta 2022 0,34%  EURIBOR  - - - (1.544) de euros 43.621 miles de Swap de tipo de inter\u00e9s Hasta 2031 0,72%  EURIBOR+0,38% 438 - - - euros - Precobertura de flujos de caja: Swap de tipo de inter\u00e9s con 20.921 miles de Hasta 2031 0,72%  EURIBOR+0,38% 207 - - - comienzo diferido en 2022 euros Swap de tipo de inter\u00e9s con 100.000 miles Hasta 2029 0,32%  EURIBOR  1.131 (1.673) - - comienzo diferido en 2023 de euros Swap de tipo de inter\u00e9s con 100.000 miles Hasta 2030 0,06%  EURIBOR  1.655 - - - comienzo diferido en 2024 de euros Swap de tipo de inter\u00e9s con 200.000 miles Hasta 2031 0,20%  EURIBOR  2.758 - - - comienzo diferido en 2025 de euros Cobertura de tipo de cambio: - Cobertura de inversi\u00f3n neta: 150.000 miles Cross currency swap de d\u00f3lares Hasta 2026 -   -   6.099 - - - americanos - Precobertura de flujos de caja: 161.432 miles Cross currency swap de d\u00f3lares Hasta 2031      - (9.535) - - americanos 189.598 miles Forward de Divisa de d\u00f3lares Hasta 2025 -      - (5.228) 33 (3.585) americanos 45.885 miles de Forward de Divisa reales Hasta 2022 -      - - 58 - brasile\u00f1os Cobertura de tipo de inter\u00e9s y de cambio: - Cobertura de flujos de caja (Cross currency swap): Cobertura de tipo de  4,12% EUR 5,35% USD  (3.496) - - - inter\u00e9s 250.000 miles de d\u00f3lares Hasta 2035 Cobertura de tipo de  americanos -   -   14.800 - - - cambio Total         23.592 (16.436) 91 (5.129) Asimismo, el detalle de los flujos esperados de los derivados a 31 de diciembre de 2022 y 2021 que son similares a sus impactos esperados en resultados, por a\u00f1os de ocurrencia es como sigue: Vencimientos a 31 de diciembre de 2022 2028 y Plazo de si- Miles de euros  Principal 2023  2024  2025  2026  2027 Total vencimiento guien- tes Cobertura de tipo de inter\u00e9s: - Cobertura de flujos de caja: 389.542 mi- Swap de tipo de inter\u00e9s Hasta 2031 - (78) - - - 8.065 7.987 les de euros - Precobertura de flujos de caja: Swap de tipo de inter\u00e9s con comienzo 100.000 mi- Hasta 2029 - - - - - 15.301 15.301 diferido en 2023 les de euros Swap de tipo de inter\u00e9s con comienzo 100.000 mi- Hasta 2030 - - - - - 15.878 15.878 diferido en 2024 les de euros Swap de tipo de inter\u00e9s con comienzo 200.000 mi- Hasta 2031 - - - - - 28.743 28.743 diferido en 2025 les de euros Cobertura de tipo de cambio: - Cobertura de inversi\u00f3n neta: 150.000 mi- les de d\u00f3la- Cross currency swap Hasta 2026 - - - (2.209) - - (2.209) res america- nos - Precobertura de flujos de caja: 65.230 miles Cross currency swap de d\u00f3lares Hasta 2031 - - - - - (7.200) (7.200) americanos 203.710 mi- les de d\u00f3la- Forward de Divisa Hasta 2032 (6.864) (1.916) (255) 867 1.214 2.275 (4.679) res america- nos 45.885 miles Forward de Divisa de reales Hasta 2023 (189) - - - - - (189) brasile\u00f1os Cobertura de tipo de inter\u00e9s y de cambio - Cobertura de flujos de caja (Cross currency swap): Cobertura de tipo de inter\u00e9s 250.000 mi- - - (78) - - 2.995 2.917 les de d\u00f3la- Hasta 2035 res america- Cobertura de tipo de cambio  - - 17.075 - - 11.384 28.459 nos - Cobertura de flujos de caja (Cross currency swap): Cobertura de tipo de inter\u00e9s 77.567 miles - - - - - 5.543 5.543 de d\u00f3lares Hasta 2031 Cobertura de tipo de cambio  - - - - - (9.004) (9.004) americanos Total (7.053) (1.994) 16.742 (1.342) 1.214 73.980 81.547 Vencimientos a 31 de diciembre de 2021 2027 y Plazo de si- Miles de euros  Principal venci- 2022  2023  2024  2025  2026 Total guien- miento tes Cobertura de tipo de inter\u00e9s: - Cobertura de flujos de caja:   225.000 miles Swap de tipo de inter\u00e9s Hasta 2022 (1.544) - - - - - (1.544) de euros 43.621 miles Swap de tipo de inter\u00e9s Hasta 2031 - - - - - 438 433 de euros - Precobertura de flujos de caja:   Swap de tipo de inter\u00e9s con comienzo 20.921 miles Hasta 2031 - - - - - 207 207 diferido en 2022 de euros Swap de tipo de inter\u00e9s con comienzo 100.000 miles Hasta 2029 - - - - - (542) (542) diferido en 2023 de euros Swap de tipo de inter\u00e9s con comienzo 100.000 miles Hasta 2030 - - - - - 1.655 1.655 diferido en 2024 de euros Swap de tipo de inter\u00e9s con comienzo 200.000 miles Hasta 2031 - - - - - 2.758 2.758 diferido en 2025 de euros Cobertura de tipo de cambio: - Cobertura de inversi\u00f3n neta:   150.000 miles Cross currency swap de d\u00f3lares Hasta 2026 - - - - 6.099 - 6.099 americanos - Precobertura de flujos de caja:   161.432 miles Cross currency swap de d\u00f3lares Hasta 2031 - - - - - (9.535) (9.535) americanos 189.598 miles Forward de Divisa de d\u00f3lares Hasta 2025 (3.552) (3.486) (1.383) (359) - - (8.781) americanos 45.885 miles Forward de Divisa de reales Hasta 2022 58 - - - - - 58 brasile\u00f1os Cobertura de tipo de inter\u00e9s y de cambio - Cobertura de flujos de caja (Cross currency swap): Cobertura de tipo de inter\u00e9s 250.000 miles - - - (644) - (2.852) (3.496) de d\u00f3lares Hasta 2035 americanos Cobertura de tipo de cambio  - - - 8.880 - 5.920 14.800 Total   (5.038) (3.486) (1.383) 7.877 6.099 (1.951) 2.118 Durante los ejercicios 2022 y 2021 el Grupo ha reconocido como consecuencia de las coberturas de flujos de efectivo realizadas los siguientes importes:     2022   2.021 Inversio- Inversio- nes con- nes con- Pasivos Pasivos tabiliza- tabiliza- Finan- Deriva- Finan- Deriva- das apli- das apli- cieros a dos de cieros a dos de cando el Total cando el Total coste Cober- coste Cober- m\u00e9todo m\u00e9todo amorti- tura (*) amorti- tura (*) de la par- de la par- zado zado ticipa- ticipa- ci\u00f3n ci\u00f3n (P\u00e9rdidas) / Ganancias en el Estado de Resultados 9.052 10.456 - 19.508 3.540 2.408 - 5.948 Consolidado (P\u00e9rdidas) / Ganancias en el Estado de Otro  63.929 405 9.369 73.703 12.503 (8.516) 23.938 27.925 Resultado Global Consolidado Total  72.981 10.861 9.369 93.211 16.043 (6.108) 23.938 33.873 (*) Corresponde a una cobertura de flujos de efectivo de una transacci\u00f3n prevista altamente probable. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-652": {
   "value": "19 Activos y Pasivos financieros a)  Activos financieros  El detalle del ep\u00edgrafe Activos financieros, tanto corrientes como no corrientes del Grupo a 31 de diciembre de 2022 y 2021 es como sigue: 31/12/2022 A valor  A valor  razonable con razonable con A coste  Derivados de cambios en Total cambios en  amortizado cobertura Otro resultado resultados global Miles de euros Instrumentos de patrimonio  84.534 8.742 - - 93.276 Derivados  - - - 110.616 110.616 Otros activos financieros  - 6.603 175.714 - 182.317 Largo plazo/ no corrientes  84.066 15.813 175.714 110.616 386.209 Otros activos financieros  - - 752.505 - 752.505 Derivados  - - - - - Corto plazo/ corrientes  - - 752.505 - 752.505 Total   84.066 15.813 928.219 110.616 1.138.714 31/12/2021 A valor  razonable con A valor  cambios en razonable con A coste  Derivados de Total Otro  cambios en  amortizado cobertura resultado  resultados global Miles de euros Instrumentos de patrimonio  85.368 4.329 - - 89.697 Derivados  - - - 23.592 23.592 Otros activos financieros  - 1.050 23.942 - 24.992 Largo plazo/ no corrientes  85.368 5.379 23.942 23.592 138.281 Otros activos financieros  - - 25.401 - 25.401 Derivados  - - - 91 91 Corto plazo/ corrientes  - - 25.401 91 25.492 Total   85.368 5.379 49.343 23.683 163.773    Instrumentos de patrimonio  La partida Instrumentos de patrimonio corresponde fundamentalmente a la participaci\u00f3n del 5% que tiene el Grupo en REN, sociedad holding que engloba la operaci\u00f3n y la explotaci\u00f3n de los activos de transporte de electricidad y de diversas infraestructuras de gas de Portugal. Esta participaci\u00f3n fue adquirida en 2007 y el precio de la transacci\u00f3n ascendi\u00f3 a 98.822 miles de euros. En 2017 el Grupo acudi\u00f3 a la ampliaci\u00f3n de capital realizada por REN suscribiendo 6.659.563 nuevas acciones por importe de 12.500 miles de euros permiti\u00e9n- dole mantener el 5% de la sociedad.   REN tiene a 31 de diciembre de 2021 un Patrimonio Neto consolidado de 1.409.830 miles de euros y un resultado del ejercicio despu\u00e9s de impuestos de 97.153 miles de euros.  Estos instrumentos han sido clasificados como activos financieros medidos a valor razonable con cambios en \u201cOtro resultado global\u201d (v\u00e9ase nota 2 b). La valoraci\u00f3n de esta participaci\u00f3n est\u00e1 sujeta a la cotizaci\u00f3n de la acci\u00f3n (nivel 1). Durante el ejercicio 2022 se ha producido un decremento en el valor razonable de este instrumento de patrimonio que se ha registrado directamente contra el Patrimonio neto.  A 31 de diciembre de 2022 el Grupo ha cuantificado el descenso en el valor de la participaci\u00f3n en 834 miles de euros (aumento de 6.005 miles de euros en 2021).  Asimismo, tanto en 2022 como en 2021 se recogen tambi\u00e9n las inversiones que la sociedad Red El\u00e9ctrica de Telecomunicaciones, Innovaci\u00f3n y Tecnolog\u00eda, S.A.U. (Elewit) realiza en diferentes entidades de car\u00e1cter innovador.  Durante el ejercicio 2022 se ha producido un aumento de la inversi\u00f3n en las sociedades Adara Ventures III, S.C.A. y Cardumen Fund I por importe de 1.455 miles de euros. Asimismo, se ha registrado el alta de la sociedad, consolidada  durante el ejercicio  2021 por  el m\u00e9todo de la participaci\u00f3n (ver nota 2.g), Zeleros Global, S.L. tras la perdida de la influencia significativa y un aumento del valor razonable, con impacto positivo en resultados por importe de 1.343 miles de euros, del valor razonable de estos Instrumentos de Patrimonio.      Derivados   El detalle de los instrumentos financieros derivados figura en la nota 20.     Otros activos financieros  Dentro de Otros activos financieros a coste amortizado se incluye, en 2022, el activo financiero surgido tras la aplicaci\u00f3n de la CINIIF 12 por el saldo pendiente de facturaci\u00f3n y  cobro a largo plazo por parte de la administraci\u00f3n concedente en relaci\u00f3n al proyecto de la Central Hidr\u00e1ulica Reversible de 200 MW de Salto de Chira en Gran Canaria, por importe de 114.632 miles de euros. Este proyecto, tras la publicaci\u00f3n de la Orden en la que se apruebe la metodolog\u00eda del c\u00e1lculo de la retribuci\u00f3n (v\u00e9ase nota 3), se ha clasificado como una concesi\u00f3n, aplic\u00e1ndose el modelo financiero. Para ello se ha traspasado el importe acumulado en el inmovilizado en curso por los trabajos realizados hasta ese momento (v\u00e9ase nota 7) por importe de 50.407 miles de euros y se ha registrado el importe a cobrar devengado en el ejercicio, tanto derivado de la cons- trucci\u00f3n como de la actualizaci\u00f3n financiera de la cuenta a cobrar, por un importe total de 64.225 miles de euros (v\u00e9ase nota 24.b). Dentro de otros activos financieros a coste amortizado tambi\u00e9n se recoge principalmente la l\u00ednea de cr\u00e9dito concedida por la Sociedad del Grupo Reintel a la participaci\u00f3n no dominante, Rudolph Bidco, S.\u00e0.r.l. El im- porte de la p\u00f3liza es de 72.500 miles de euros, de los cuales se han dispuesto 23.422 miles de euros. Asi- mismo, se incluye el cr\u00e9dito a la sociedad, consolidada por el m\u00e9todo de la participaci\u00f3n, TEN por importe de 13.913 miles de euros (12.338 miles de euros a 31 de diciembre de 2021). Ambos cr\u00e9ditos devengan intere- ses, a EURIBOR m\u00e1s un diferencial de 471 puntos b\u00e1sicos en el primer caso y LIBOR m\u00e1s un diferencial de 270 puntos b\u00e1sicos en el segundo caso. Del mismo modo, tambi\u00e9n se incluyen fianzas constituidas y cr\u00e9ditos concedidos por Redeia a su personal con vencimiento a largo plazo. No existe diferencia significativa entre el valor razonable y el valor neto contable de este ep\u00edgrafe a 31 de diciembre de 2022 y 2021.   Asimismo, tambi\u00e9n se recoge dentro de otros activos financieros a valor razonable con cambios en resultados 6.603 miles de euros (1.050 miles de euros en 2021) correspondientes a la inversi\u00f3n en Agrupaciones de Inter\u00e9s Econ\u00f3mico (AIE), cuya actividad es el arrendamiento de activos dirigidos por otra entidad no vinculada a Redeia, que es la que retiene tanto la mayor\u00eda de los beneficios como los riesgos de la actividad, acogi\u00e9n- dose el Grupo \u00fanicamente a los incentivos fiscales regulados en la legislaci\u00f3n espa\u00f1ola. El Grupo imputa las bases imponibles negativas que van generando estas AIE contra las participaciones y por diferencia con la deuda registrada con la Hacienda P\u00fablica acreedora, el correspondiente ingreso financiero (ver nota 24 e).    Niveles de Jerarqu\u00eda de valor razonable  La siguiente tabla presenta los Activos financieros del Grupo valorados a valor razonable seg\u00fan las variables utilizadas para el c\u00e1lculo del valor razonable a 31 de diciembre de 2022 y 2021:  31/12/2022 Miles de euros Nivel 1 Nivel 2 Nivel 3 Saldo total Instrumentos de patrimonio 84.066 - 9.210 93.276 Derivados - 110.616 - 110.616 Otros activos financieros - 6.603 6.603 31/12/2021 Miles de euros Nivel 1 Nivel 2 Nivel 3 Saldo total Instrumentos de patrimonio 84.900 - 4.797 89.697 Derivados - 23.683 - 23.683 Otros activos financieros - 1.050 1.050 Los Instrumentos de patrimonio clasificados en el Nivel 1 corresponden al 5% que el Grupo posee en la sociedad cotizada REN. En el Nivel 3 se encuentran principalmente las inversiones realizadas por Elewit en fondos de inversi\u00f3n y sociedades de car\u00e1cter innovador.   Los Otros activos financieros clasificados en el Nivel 2 corresponden a las inversiones en Agrupaciones de Inter\u00e9s Econ\u00f3mico (AIE). b)  Pasivos financieros   El detalle del ep\u00edgrafe Pasivos financieros, tanto corrientes como no corrientes, del Grupo a 31 de diciembre de 2022 y 2021 es como sigue:  31/12/2022 Derivados de Pasivos Financieros Total cobertura Miles de euros Deudas con entidades de cr\u00e9dito  1.762.259 - 1.762.259 Obligaciones y otros valores negociables  3.728.865 - 3.728.865 Derivados  - 22.016 22.016 Otros pasivos financieros  52.631 - 52.631 Largo plazo/ no corrientes  5.543.755 22.016 5.565.771 Deudas con entidades de cr\u00e9dito  389.650 - 389.650 Obligaciones y otros valores negociables  332.195 - 332.195 Derivados  - 7.053 7.053 Otros pasivos financieros  983.432 - 983.432 Corto plazo/ corrientes  1.705.277 7.053 1.712.330 Total  7.249.032 29.069 7.278.101 31/12/2021 Pasivos Derivados Total Financieros de cobertura Miles de euros Deudas con entidades de cr\u00e9dito  1.899.560 - 1.899.560 Obligaciones y otros valores negociables  3.996.610 - 3.996.610 Derivados  - 16.436 16.436 Otros pasivos financieros   57.264 - 57.264 Largo plazo/ no corrientes  5.953.434 16.436 5.969.870 Deudas con entidades de cr\u00e9dito  945.757 - 945.757 Obligaciones y otros valores negociables  445.965 - 445.965 Derivados  - 5.129 5.129 Otros pasivos financieros  752.703 - 752.703 Corto plazo/ corrientes  2.144.425 5.129 2.149.554 Total  8.097.859 21.565 8.119.424   Deudas con entidades de cr\u00e9dito y Obligaciones y otros valores negociables  El valor contable y razonable de las Deudas con entidades de cr\u00e9dito y de las emisiones de Obligaciones y otros valores negociables a 31 de diciembre de 2022 y 2021, sin incluir los intereses pendientes de pago, es el siguiente:   Valor contable  Valor razonable Miles de euros 2022 2021 2022 2021 Emisiones en euros  3.641.742 4.026.747 3.280.334 4.172.723 Emisiones en d\u00f3lares americanos  392.747 374.890 404.046 471.183 Deudas bancarias en euros  1.613.807 2.439.008 1.505.480 2.463.081 Deudas bancarias en divisas  523.835 396.461 528.814 421.014 Total   6.172.131 7.237.106 5.718.674 7.528.001 El valor razonable de las Deudas bancarias y de las Emisiones se ha estimado en su totalidad utilizando una t\u00e9cnica de valoraci\u00f3n basada en el descuento de flujos de caja futuros a los tipos de inter\u00e9s de mercado vigentes en cada fecha (Nivel de jerarqu\u00eda 2).  A 31 de diciembre de 2022 los intereses devengados y no pagados de estas deudas ascienden a 40.838 miles de euros (50.787 miles de euros en 2021).  Emisiones en euros a 31 de diciembre de 2022 recoge las emisiones de Eurobonos llevadas a cabo por Red El\u00e9ctrica Financiaciones, S.A.U. y Red El\u00e9ctrica Corporaci\u00f3n, S.A. con un saldo de 3.641.742 miles de euros (4.026.747 miles de euros en 2021). En el ejercicio 2022 se ha realizado la amortizaci\u00f3n de deuda Euro Medium Term Programme (Programa EMTN) en el euromercado por importe de 400 millones de euros.  Emisiones en d\u00f3lares americanos a 31 de diciembre de 2022 recoge 392.747 miles de euros (374.890 miles de euros en 2021), correspondientes a la emisi\u00f3n de 500 millones de d\u00f3lares americanos realizadas en el mercado de colocaciones privadas en Estados Unidos (USPP) de los que quedan pendientes de pago 250 millones de d\u00f3lares americanos (234.390 miles de euros a cierre de 2022); as\u00ed como tres emisiones de bonos en d\u00f3lares americanos realizadas en Per\u00fa, de los que quedan pendientes de pago 173 millones de d\u00f3lares americanos equivalentes a 158 millones de euros (179 millones de euros en 2021) (v\u00e9ase an\u00e1lisis de riesgo de tipo de cambio en nota 18). Deudas bancarias en euros recoge a 31 de diciembre de 2022 pr\u00e9stamos a largo plazo y p\u00f3lizas de cr\u00e9dito por importe de 1.613.807 miles de euros (1.939.008 miles de euros en 2021). Asimismo a 31 de diciembre de 2021 recog\u00eda tambi\u00e9n el saldo dispuesto de un cr\u00e9dito sindicado por importe de 500.000 miles de euros.  Deudas bancarias en divisas recoge a 31 de diciembre de 2022 pr\u00e9stamos a largo plazo y p\u00f3lizas de cr\u00e9dito principalmente en d\u00f3lares americanos por importe de 523.835 miles de euros (396.461 miles de euros en 2021).  El detalle de los vencimientos de las Emisiones y de las Deudas bancarias a 31 de diciembre de 2022 es el siguiente:   Vencimientos a 31 de diciembre de 2022 Ajustes A\u00f1os coste 2023 2024 2025 2026 2027 Total posteriores amortizado y otros Miles de euros Emisiones en euros  300.000 - 900.000 500.000 675.000 1.315.000 (48.258) 3.641.742 Emisiones en d\u00f3lares  5.928 6.362 147.450 7.300 7.809 221.558 (3.660) 392.747 americanos Deudas bancarias en euros  181.545 321.044 121.050 94.706 400.928 498.567 (4.033) 1.613.807 Deudas bancarias en  192.320 183.582 60.799 5.621 5.766 83.654 (7.907) 523.835 d\u00f3lares americanos Total  679.793 510.988 1.229.299 607.627 1.089.503 2.118.779 (63.858) 6.172.131 El tipo de inter\u00e9s medio de las Deudas con entidades de cr\u00e9dito y de las Emisiones ha sido del 1,62% en el ejercicio 2022 (1,52% en 2021).  A 31 de diciembre de 2022 las sociedades del Grupo tienen l\u00edneas de cr\u00e9dito con entidades de cr\u00e9dito pen- dientes de disponer por un importe de 1.795 millones de euros (1.853 millones de euros en 2021), de los cuales 1.426 millones de euros son a largo plazo (1.717 millones de euros a 31 de diciembre de 2021) y 369 millones de euros a corto plazo (136 millones de euros a 31 de diciembre de 2021).  El detalle de Obligaciones y otros valores negociables a 31 de diciembre de 2022 y 2021 es el siguiente: 31/12/2022 (+/-) Ajustes Saldo vivo Saldo vivo (-) Recompras o por tipo de  inicial (+) Emisiones final reembolsos cambio y 31/12/2021 31/12/2022 otros Miles de euros Valores representativos en un mercado de deuda que han requerido del registro de un folleto  4.026.747 - (400.000) 14.995 3.641.742 informativo Valores representativos en un mercado de deuda que no han requerido del registro de un folleto  - - - - - informativo Otros valores representativos de deuda emitidos 374.890 - (5.521) 23.378 392.747 fuera de un estado miembro de la Uni\u00f3n Europea Total  4.401.637 - (405.521) 38.373 4.034.489 31/12/2021 (+/-) Ajustes Saldo vivo Saldo vivo (-) Recompras o por tipo de inicial  (+) Emisiones final reembolsos cambio y 31/12/2020 31/12/2021 otros Miles de euros Valores representativos en un mercado de deuda que han requerido del registro de un folleto  3.422.760 600.000 - 3.987 4.026.747 informativo Valores representativos en un mercado de deuda que no han requerido del registro de un folleto  - - - - - informativo Otros valores representativos de deuda emitidos 350.324 - (4.586) 29.152 374.890 fuera de un estado miembro de la Uni\u00f3n Europea Total  3.773.084 600.000 (4.586) 33.139 4.401.637 La evoluci\u00f3n durante 2022 y 2021 de valores representativos en un mercado de deuda que han requerido del registro de un folleto informativo corresponde a emisiones registradas en Luxemburgo.  Los cambios en los pasivos en los instrumentos de financiaci\u00f3n a lo largo del ejercicio 2022 diferenciando entre los que suponen y los que no suponen movimientos de flujos de efectivo son los siguientes:  Movimientos que no suponen flujos Movimientos de efectivo 31/12/2021 de flujos de 31/12/2022 efectivo Variaciones de tipo Otras  Miles de euros de cambio Variaciones Emisiones en euros  4.026.747 (400.000) - 14.995 3.641.742 Emisiones en d\u00f3lares americanos  374.890 (5.521) 23.424 (46) 392.747 Deuda bancaria en euros   2.439.008 (820.221) - (2.246) 1.616.541 Deuda bancaria en divisas  396.461 84.024 20.662 19.954 521.101 Total Deuda  7.237.106 (1.141.718) 44.086 32.657 6.172.131 Dentro de Otras variaciones en Deuda bancaria en divisas se incluye principalmente la deuda de Axess en el momento de su incorporaci\u00f3n al per\u00edmetro de consolidaci\u00f3n de Redeia (ver Nota 6).    Derivados  El detalle de los instrumentos financieros derivados figura en la nota 20.     Otros pasivos financieros   El detalle de Otros pasivos financieros a 31 de diciembre de 2022 y 2021 es como sigue : 31/12/2022 31/12/2021 Miles de euros Deudas a largo plazo por arrendamientos  18.343 19.865 Proveedores de inmovilizado y otras deudas  34.288 37.399 Total a largo plazo  52.631 57.264 Dividendo a pagar (nota 13)  147.143 147.061 Deudas a corto plazo por arrendamientos  7.537 8.068 Proveedores de inmovilizado   387.603 315.374 Otras deudas  441.149 282.200 Total a corto plazo  983.432 752.703 Total Otros Pasivos Financieros  1.036.063 809.967 El saldo de Proveedores de inmovilizado recoge fundamentalmente los saldos derivados de la construcci\u00f3n de instalaciones el\u00e9ctricas y de telecomunicaciones. Respecto a las deudas por arrendamiento el detalle de los pagos m\u00ednimos futuros por arrendamiento a largo plazo es el siguiente: A\u00f1os  2023  2024  2025  2026  2027 Total Miles de euros posteriores Pagos m\u00ednimos futuros por  7.537 5.737 5.906 3.656 1.211 1.833 25.880 arrendamiento El Grupo estima que como arrendatario no existen salidas de efectivo futuras previstas por importes signifi- cativos en los que se encuentre potencialmente expuesto y que no se encuentre reflejados en los pasivos por arrendamiento detallados.  Otras deudas recogen principalmente determinadas partidas pendientes de liquidar al sistema el\u00e9ctrico es- pa\u00f1ol y las fianzas recibidas.      Niveles de Jerarqu\u00eda de valor razonable  Los niveles de jerarqu\u00eda de valor razonable a 31 de diciembre de 2022 y 2021 de los pasivos financieros no corrientes y corrientes cuyo valor razonable es el siguiente:  31/12/2022 Miles de euros Nivel 1 Nivel 2 Nivel 3 Saldo total Deudas con entidades de cr\u00e9dito  - 2.137.642 - 2.137.642 Obligaciones y otros valores negociables  - 4.034.489 - 4.034.489 Derivados   - 29.069 - 29.069 Total  - 6.201.200 - 6.201.200 31/12/2021 Nivel 1 Nivel 2 Nivel 3 Saldo total Miles de euros Deudas con entidades de cr\u00e9dito  - 2.835.469 - 2.835.469 Obligaciones y otros valores negociables  - 4.401.637 - 4.401.637 Derivados   - 21.565 - 21.565 Total  - 7.258.671 - 7.258.671 Dentro del Nivel 2 se encuentran las deudas con entidades de cr\u00e9dito, las obligaciones y otras emisiones y los derivados de tipo de cambio y tipo de inter\u00e9s. No existen diferencias significativas entre el valor razonable y el valor neto contable de este ep\u00edgrafe a 31 de diciembre de 2022 y 2021. Para la realizaci\u00f3n de las estimaciones de valor razonable el Grupo ha reflejado las hip\u00f3tesis de los partici- pantes del mercado en base la informaci\u00f3n disponible y las condiciones del mercado en la fecha de realiza- ci\u00f3n de estos Estados Financieros, incorpor\u00e1ndose, en su caso, las primas de riesgo que surgir\u00edan del incre- mento de la incertidumbre generada por la coyuntura macroecon\u00f3mica actual, ajustado las estimaciones por el riesgo de cr\u00e9dito propio y de la contraparte y considerado si los inputs no observables se han vuelto signi- ficativos.  20 Instrumentos financieros derivados El Grupo, de acuerdo con su Pol\u00edtica de Gesti\u00f3n del riesgo financiero, tiene contratados instrumentos finan- cieros derivados de cuatro tipos: Swaps de cobertura de tipo de inter\u00e9s, Swaps de precobertura de tipo de inter\u00e9s, Cross Currency Swaps y Forward de divisa. El primero de ellos, el Swap de cobertura de tipo de inter\u00e9s, consiste en que mediante una permuta financiera se transforma deuda a tipo de inter\u00e9s variable por deuda a tipo de inter\u00e9s fijo, donde los flujos de efectivo futuros a cubrir son los pagos por intereses. Los Swaps de precobertura de tipo de inter\u00e9s cubren el coste financiero de transacciones futuras previstas, alta- mente probables. Del mismo modo, el Cross Currency Swap permite el intercambio de deuda a tipo fijo o variable en d\u00f3lares americanos por deuda a tipo fijo o variable en euros, pudiendo cubrir los flujos futuros de intereses y capital en d\u00f3lares americanos, los flujos futuros de intereses a tipo variable en euros y el riesgo de tipo de cambio por transacciones previstas y altamente probables en d\u00f3lares americanos. Por \u00faltimo, los Forward de  divisa cubren  el riesgo de  tipo  de  cambio por transacciones previstas y altamente probables denominadas en una moneda distinta del euro.  La aplicaci\u00f3n de la NIIF 13 (v\u00e9ase nota 4 n), sobre valoraci\u00f3n de instrumentos financieros derivados e instru- mentos de cobertura de la presente Memoria, requiere un ajuste en las t\u00e9cnicas de valoraci\u00f3n para la obten- ci\u00f3n del valor razonable de los instrumentos financieros derivados. El Grupo incorpora un ajuste por riesgo de cr\u00e9dito con el objetivo de reflejar tanto el riesgo propio como de la contraparte en el valor razonable de los instrumentos financieros derivados a partir de modelos de valoraci\u00f3n generalmente aceptados.  Con el fin de eliminar el riesgo de cr\u00e9dito incorporado en los Cross Currency Swap contratados como cober- tura del tipo de cambio de las emisiones de USPP en 2015 se formalizaron con las contrapartes acuerdos de cesi\u00f3n en garant\u00eda con intercambio de colaterales.  Para la determinaci\u00f3n del ajuste por riesgo de cr\u00e9dito del resto de derivados se ha aplicado una t\u00e9cnica basada en el c\u00e1lculo a trav\u00e9s de simulaciones de la exposici\u00f3n total esperada (que incorpora tanto la expo- sici\u00f3n actual  como  la  exposici\u00f3n potencial)  ajustada  por  la  probabilidad  de  incumplimiento a  lo  largo  del tiempo y por la severidad (o p\u00e9rdida potencial) asignada al Grupo y a cada una de las contrapartes.  La exposici\u00f3n total esperada de los instrumentos financieros derivados se obtiene usando inputs observables de mercado, como curvas de tipo de inter\u00e9s, tipo de cambio y volatilidades seg\u00fan las condiciones del mercado en la fecha de valoraci\u00f3n.  Los inputs aplicados para la obtenci\u00f3n del riesgo de cr\u00e9dito propio y de contraparte (determinaci\u00f3n de la probabilidad de default) se basan principalmente en la aplicaci\u00f3n de spreads de cr\u00e9dito propios o de empre- sas comparables actualmente negociados en el mercado (curvas de CDS - Credit Default Swaps-, TIR emi- siones de deuda).  Asimismo, para el ajuste del valor razonable al riesgo de cr\u00e9dito se han tenido en consideraci\u00f3n las mejoras crediticias relativas a garant\u00edas o colaterales a la hora de determinar la tasa de severidad a aplicar para cada una de las posiciones. La severidad se considera \u00fanica en el tiempo. En el caso de no existir mejoras credi- ticias relativas a garant\u00edas o colaterales, se ha aplicado como tasa m\u00ednima de recuperaci\u00f3n un 40%.  El Grupo ha determinado que la mayor\u00eda de los inputs empleados para la determinaci\u00f3n del valor razonable de los instrumentos financieros derivados, en base a los niveles jer\u00e1rquicos detallados en la nota 4, se en- cuentran en el Nivel 2 de la jerarqu\u00eda, incluyendo los datos empleados para el c\u00e1lculo del ajuste por riesgo de cr\u00e9dito propio y de contraparte.   En el caso de haberse aplicado inputs clasificados como de Nivel 3, el Grupo ha procedido a calcular  el impacto  que  supone  la  introducci\u00f3n  de  dichos  datos  sobre  el  total  de  la  valoraci\u00f3n  de  los  instrumentos financieros derivados y ha determinado que no son significativos. Por tanto, el Grupo ha determinado que el total de la cartera de instrumentos financieros derivados se clasifica en el Nivel 2 de la jerarqu\u00eda.  El Grupo utiliza precios medios de mercado como inputs observables a partir de fuentes de informaci\u00f3n ex- ternas reconocidas en los mercados financieros.   El detalle a 31 de diciembre de 2022 y 2021 de las coberturas en miles de euros se muestra a continuaci\u00f3n:  2022 Tipo medio derivado  No corriente Corriente Plazo de Miles de euros  Principal venci- A pagar  A cobrar  Activo  Pasivo  Activo  Pasivo miento Cobertura de tipo de inter\u00e9s:   - Cobertura de flujos de caja:   389.542 miles de Swap de tipo de inter\u00e9s Hasta 2031 2,48%  EURIBOR+0,11% 8.065 (78) - - euros - Precobertura de flujos de caja:   Swap de tipo de inter\u00e9s con co- 100.000 miles de Hasta 2029 0,32%  EURIBOR 15.301 - - - mienzo diferido en 2023 euros Swap de tipo de inter\u00e9s con co- 100.000 miles de Hasta 2030 0,06%  EURIBOR 15.878 - - - mienzo diferido en 2024 euros Swap de tipo de inter\u00e9s con co- 200.000 miles de Hasta 2031 0,20%  EURIBOR 28.743 - - - mienzo diferido en 2025 euros Cobertura de tipo de cambio: - Cobertura de inversi\u00f3n neta: 150.000 miles de Cross currency swap d\u00f3lares Hasta 2026 - - - (2.209) - - americanos - Precobertura de flujos de caja:   65.230 miles de Cross currency swap d\u00f3lares Hasta 2031 - - - (7.200) - - americanos 208.673 miles de Forward de Divisa d\u00f3lares Hasta 2032 - - 5.709 (3.525) - (6.864) americanos 28.543 miles de Forward de Divisa Hasta 2023 - - - - - (189) reales brasile\u00f1os Cobertura de tipo de inter\u00e9s y de cambio - Cobertura de flujos de caja (Cross currency swap): 250.000 miles de Cobertura de tipo de inter\u00e9s 4,12% 2.917 - - - d\u00f3lares Hasta 2035 5,35% USD EUR americanos Cobertura de tipo de cambio  28.459 - - - - Cobertura de flujos de caja (Cross currency swap): Cobertura de tipo de inter\u00e9s 77.567 miles de 5.544 - - - 2,975% d\u00f3lares Hasta 2031 EURIBOR + 0,38% USD Cobertura de tipo de cambio  - (9.004) - - americanos Total   110.616 (22.016) - (7.053 ) 2021 Tipo medio derivado  No corriente Corriente Miles de euros Principal  Plazo de vencimiento A pagar   A cobrar  Activo Pasivo Activo Pasivo Cobertura de tipo de inter\u00e9s: - Cobertura de flujos de caja:   225.000 miles Swap de tipo de inter\u00e9s Hasta 2022 0,34%  EURIBOR  - - - (1.544) de euros 43.621 miles de Swap de tipo de inter\u00e9s Hasta 2031 0,72%  EURIBOR+0,38% 438 - - - euros - Precobertura de flujos de caja: Swap de tipo de inter\u00e9s con 20.921 miles de Hasta 2031 0,72%  EURIBOR+0,38% 207 - - - comienzo diferido en 2022 euros Swap de tipo de inter\u00e9s con 100.000 miles Hasta 2029 0,32%  EURIBOR  1.131 (1.673) - - comienzo diferido en 2023 de euros Swap de tipo de inter\u00e9s con 100.000 miles Hasta 2030 0,06%  EURIBOR  1.655 - - - comienzo diferido en 2024 de euros Swap de tipo de inter\u00e9s con 200.000 miles Hasta 2031 0,20%  EURIBOR  2.758 - - - comienzo diferido en 2025 de euros Cobertura de tipo de cambio: - Cobertura de inversi\u00f3n neta: 150.000 miles Cross currency swap de d\u00f3lares Hasta 2026 -   -   6.099 - - - americanos - Precobertura de flujos de caja: 161.432 miles Cross currency swap de d\u00f3lares Hasta 2031      - (9.535) - - americanos 189.598 miles Forward de Divisa de d\u00f3lares Hasta 2025 -      - (5.228) 33 (3.585) americanos 45.885 miles de Forward de Divisa reales Hasta 2022 -      - - 58 - brasile\u00f1os Cobertura de tipo de inter\u00e9s y de cambio: - Cobertura de flujos de caja (Cross currency swap): Cobertura de tipo de  4,12% EUR 5,35% USD  (3.496) - - - inter\u00e9s 250.000 miles de d\u00f3lares Hasta 2035 Cobertura de tipo de  americanos -   -   14.800 - - - cambio Total         23.592 (16.436) 91 (5.129) Asimismo, el detalle de los flujos esperados de los derivados a 31 de diciembre de 2022 y 2021 que son similares a sus impactos esperados en resultados, por a\u00f1os de ocurrencia es como sigue: Vencimientos a 31 de diciembre de 2022 2028 y Plazo de si- Miles de euros  Principal 2023  2024  2025  2026  2027 Total vencimiento guien- tes Cobertura de tipo de inter\u00e9s: - Cobertura de flujos de caja: 389.542 mi- Swap de tipo de inter\u00e9s Hasta 2031 - (78) - - - 8.065 7.987 les de euros - Precobertura de flujos de caja: Swap de tipo de inter\u00e9s con comienzo 100.000 mi- Hasta 2029 - - - - - 15.301 15.301 diferido en 2023 les de euros Swap de tipo de inter\u00e9s con comienzo 100.000 mi- Hasta 2030 - - - - - 15.878 15.878 diferido en 2024 les de euros Swap de tipo de inter\u00e9s con comienzo 200.000 mi- Hasta 2031 - - - - - 28.743 28.743 diferido en 2025 les de euros Cobertura de tipo de cambio: - Cobertura de inversi\u00f3n neta: 150.000 mi- les de d\u00f3la- Cross currency swap Hasta 2026 - - - (2.209) - - (2.209) res america- nos - Precobertura de flujos de caja: 65.230 miles Cross currency swap de d\u00f3lares Hasta 2031 - - - - - (7.200) (7.200) americanos 203.710 mi- les de d\u00f3la- Forward de Divisa Hasta 2032 (6.864) (1.916) (255) 867 1.214 2.275 (4.679) res america- nos 45.885 miles Forward de Divisa de reales Hasta 2023 (189) - - - - - (189) brasile\u00f1os Cobertura de tipo de inter\u00e9s y de cambio - Cobertura de flujos de caja (Cross currency swap): Cobertura de tipo de inter\u00e9s 250.000 mi- - - (78) - - 2.995 2.917 les de d\u00f3la- Hasta 2035 res america- Cobertura de tipo de cambio  - - 17.075 - - 11.384 28.459 nos - Cobertura de flujos de caja (Cross currency swap): Cobertura de tipo de inter\u00e9s 77.567 miles - - - - - 5.543 5.543 de d\u00f3lares Hasta 2031 Cobertura de tipo de cambio  - - - - - (9.004) (9.004) americanos Total (7.053) (1.994) 16.742 (1.342) 1.214 73.980 81.547 Vencimientos a 31 de diciembre de 2021 2027 y Plazo de si- Miles de euros  Principal venci- 2022  2023  2024  2025  2026 Total guien- miento tes Cobertura de tipo de inter\u00e9s: - Cobertura de flujos de caja:   225.000 miles Swap de tipo de inter\u00e9s Hasta 2022 (1.544) - - - - - (1.544) de euros 43.621 miles Swap de tipo de inter\u00e9s Hasta 2031 - - - - - 438 433 de euros - Precobertura de flujos de caja:   Swap de tipo de inter\u00e9s con comienzo 20.921 miles Hasta 2031 - - - - - 207 207 diferido en 2022 de euros Swap de tipo de inter\u00e9s con comienzo 100.000 miles Hasta 2029 - - - - - (542) (542) diferido en 2023 de euros Swap de tipo de inter\u00e9s con comienzo 100.000 miles Hasta 2030 - - - - - 1.655 1.655 diferido en 2024 de euros Swap de tipo de inter\u00e9s con comienzo 200.000 miles Hasta 2031 - - - - - 2.758 2.758 diferido en 2025 de euros Cobertura de tipo de cambio: - Cobertura de inversi\u00f3n neta:   150.000 miles Cross currency swap de d\u00f3lares Hasta 2026 - - - - 6.099 - 6.099 americanos - Precobertura de flujos de caja:   161.432 miles Cross currency swap de d\u00f3lares Hasta 2031 - - - - - (9.535) (9.535) americanos 189.598 miles Forward de Divisa de d\u00f3lares Hasta 2025 (3.552) (3.486) (1.383) (359) - - (8.781) americanos 45.885 miles Forward de Divisa de reales Hasta 2022 58 - - - - - 58 brasile\u00f1os Cobertura de tipo de inter\u00e9s y de cambio - Cobertura de flujos de caja (Cross currency swap): Cobertura de tipo de inter\u00e9s 250.000 miles - - - (644) - (2.852) (3.496) de d\u00f3lares Hasta 2035 americanos Cobertura de tipo de cambio  - - - 8.880 - 5.920 14.800 Total   (5.038) (3.486) (1.383) 7.877 6.099 (1.951) 2.118 Durante los ejercicios 2022 y 2021 el Grupo ha reconocido como consecuencia de las coberturas de flujos de efectivo realizadas los siguientes importes:     2022   2.021 Inversio- Inversio- nes con- nes con- Pasivos Pasivos tabiliza- tabiliza- Finan- Deriva- Finan- Deriva- das apli- das apli- cieros a dos de cieros a dos de cando el Total cando el Total coste Cober- coste Cober- m\u00e9todo m\u00e9todo amorti- tura (*) amorti- tura (*) de la par- de la par- zado zado ticipa- ticipa- ci\u00f3n ci\u00f3n (P\u00e9rdidas) / Ganancias en el Estado de Resultados 9.052 10.456 - 19.508 3.540 2.408 - 5.948 Consolidado (P\u00e9rdidas) / Ganancias en el Estado de Otro  63.929 405 9.369 73.703 12.503 (8.516) 23.938 27.925 Resultado Global Consolidado Total  72.981 10.861 9.369 93.211 16.043 (6.108) 23.938 33.873 (*) Corresponde a una cobertura de flujos de efectivo de una transacci\u00f3n prevista altamente probable. 21 Acreedores comerciales y otras cuentas a pagar El detalle de este ep\u00edgrafe del Estado de situaci\u00f3n financiera consolidado a 31 de diciembre de 2022 y 2021 es como sigue:  Miles de euros 2022 2021 Proveedores  485.624 382.309 Otros acreedores  661.232 409.459 Pasivo por impuesto corriente (nota 22)  13.320 10.887 Total  1.160.176 802.655 El ep\u00edgrafe de  Proveedores corresponde fundamentalmente a importes pendientes  de vencimiento por la compra de bienes y servicios por operaciones de tr\u00e1fico, fundamentalmente a deudas derivadas de los tra- bajos de reparaci\u00f3n y mantenimiento, de modificaci\u00f3n de instalaciones.   Dentro de este ep\u00edgrafe se incluyen tambi\u00e9n  pasivos corrientes  de  contratos con clientes por importe  de 37.033 miles de euros a 31 de diciembre de 2022 (54.541 miles de euros a 31 de diciembre de 2021). Estos pasivos fueron registrados como anticipos recibidos a cuenta de futuras prestaciones de servicios principal- mente de capacidad de telecomunicaciones, de realizaci\u00f3n de trabajos de modificaci\u00f3n de l\u00edneas a terceros y de prestaci\u00f3n de servicios de seguros. Otros acreedores corresponden fundamentalmente a partidas pendientes de rembolsar procedentes de las tarifas provisionales que se han generado por la diferencia entre el importe liquidado y cobrado y el ingreso devengado por los servicios de transporte de electricidad en los ejercicios 2016 a 2022 (v\u00e9anse notas 3 y 24). Asimismo, dicho ep\u00edgrafe tambi\u00e9n recoge el saldo de Hacienda P\u00fablica acreedora por IVA, remunera- ciones pendientes de pago y otros importes pendientes de vencimiento por la compra de bienes y servicios. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-493": {
   "value": "a)  Activos financieros  El detalle del ep\u00edgrafe Activos financieros, tanto corrientes como no corrientes del Grupo a 31 de diciembre de 2022 y 2021 es como sigue:   31/12/2022 A valor  A valor  razonable con razonable con A coste  Derivados de cambios en Total cambios en  amortizado cobertura Otro resultado resultados global Miles de euros Instrumentos de patrimonio  84.534 8.742 - - 93.276 Derivados  - - - 110.616 110.616 Otros activos financieros  - 6.603 175.714 - 182.317 Largo plazo/ no corrientes  84.066 15.813 175.714 110.616 386.209 Otros activos financieros  - - 752.505 - 752.505 Derivados  - - - - - Corto plazo/ corrientes  - - 752.505 - 752.505 Total   84.066 15.813 928.219 110.616 1.138.714 31/12/2021 A valor  razonable con A valor  cambios en razonable con A coste  Derivados de Total Otro  cambios en  amortizado cobertura resultado  resultados global Miles de euros Instrumentos de patrimonio  85.368 4.329 - - 89.697 Derivados  - - - 23.592 23.592 Otros activos financieros  - 1.050 23.942 - 24.992 Largo plazo/ no corrientes  85.368 5.379 23.942 23.592 138.281 Otros activos financieros  - - 25.401 - 25.401 Derivados  - - - 91 91 Corto plazo/ corrientes  - - 25.401 91 25.492 Total   85.368 5.379 49.343 23.683 163.773 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfHedgeAccountingExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-610": {
   "value": "31/12/2022 A valor  A valor  razonable con razonable con A coste  Derivados de cambios en Total cambios en  amortizado cobertura Otro resultado resultados global Miles de euros Instrumentos de patrimonio  84.534 8.742 - - 93.276 Derivados  - - - 110.616 110.616 Otros activos financieros  - 6.603 175.714 - 182.317 Largo plazo/ no corrientes  84.066 15.813 175.714 110.616 386.209 Otros activos financieros  - - 752.505 - 752.505 Derivados  - - - - - Corto plazo/ corrientes  - - 752.505 - 752.505 Total   84.066 15.813 928.219 110.616 1.138.714 31/12/2021 A valor  razonable con A valor  cambios en razonable con A coste  Derivados de Total Otro  cambios en  amortizado cobertura resultado  resultados global Miles de euros Instrumentos de patrimonio  85.368 4.329 - - 89.697 Derivados  - - - 23.592 23.592 Otros activos financieros  - 1.050 23.942 - 24.992 Largo plazo/ no corrientes  85.368 5.379 23.942 23.592 138.281 Otros activos financieros  - - 25.401 - 25.401 Derivados  - - - 91 91 Corto plazo/ corrientes  - - 25.401 91 25.492 Total   85.368 5.379 49.343 23.683 163.773 Asimismo, tanto en 2022 como en 2021 se recogen tambi\u00e9n las inversiones que la sociedad Red El\u00e9ctrica de Telecomunicaciones, Innovaci\u00f3n y Tecnolog\u00eda, S.A.U. (Elewit) realiza en diferentes entidades de car\u00e1cter innovador.  Durante el ejercicio 2022 se ha producido un aumento de la inversi\u00f3n en las sociedades Adara Ventures III, S.C.A. y Cardumen Fund I por importe de 1.455 miles de euros. Asimismo, se ha registrado el alta de la sociedad, consolidada  durante el ejercicio  2021 por  el m\u00e9todo de la participaci\u00f3n (ver nota 2.g), Zeleros Global, S.L. tras la perdida de la influencia significativa y un aumento del valor razonable, con impacto positivo en resultados por importe de 1.343 miles de euros, del valor razonable de estos Instrumentos de Patrimonio. Asimismo, tambi\u00e9n se recoge dentro de otros activos financieros a valor razonable con cambios en resultados 6.603 miles de euros (1.050 miles de euros en 2021) correspondientes a la inversi\u00f3n en Agrupaciones de Inter\u00e9s Econ\u00f3mico (AIE), cuya actividad es el arrendamiento de activos dirigidos por otra entidad no vinculada a Redeia, que es la que retiene tanto la mayor\u00eda de los beneficios como los riesgos de la actividad, acogi\u00e9n- dose el Grupo \u00fanicamente a los incentivos fiscales regulados en la legislaci\u00f3n espa\u00f1ola. El Grupo imputa las bases imponibles negativas que van generando estas AIE contra las participaciones y por diferencia con la deuda registrada con la Hacienda P\u00fablica acreedora, el correspondiente ingreso financiero (ver nota 24 e). 20 Instrumentos financieros derivados El Grupo, de acuerdo con su Pol\u00edtica de Gesti\u00f3n del riesgo financiero, tiene contratados instrumentos finan- cieros derivados de cuatro tipos: Swaps de cobertura de tipo de inter\u00e9s, Swaps de precobertura de tipo de inter\u00e9s, Cross Currency Swaps y Forward de divisa. El primero de ellos, el Swap de cobertura de tipo de inter\u00e9s, consiste en que mediante una permuta financiera se transforma deuda a tipo de inter\u00e9s variable por deuda a tipo de inter\u00e9s fijo, donde los flujos de efectivo futuros a cubrir son los pagos por intereses. Los Swaps de precobertura de tipo de inter\u00e9s cubren el coste financiero de transacciones futuras previstas, alta- mente probables. Del mismo modo, el Cross Currency Swap permite el intercambio de deuda a tipo fijo o variable en d\u00f3lares americanos por deuda a tipo fijo o variable en euros, pudiendo cubrir los flujos futuros de intereses y capital en d\u00f3lares americanos, los flujos futuros de intereses a tipo variable en euros y el riesgo de tipo de cambio por transacciones previstas y altamente probables en d\u00f3lares americanos. Por \u00faltimo, los Forward de  divisa cubren  el riesgo de  tipo  de  cambio por transacciones previstas y altamente probables denominadas en una moneda distinta del euro.  La aplicaci\u00f3n de la NIIF 13 (v\u00e9ase nota 4 n), sobre valoraci\u00f3n de instrumentos financieros derivados e instru- mentos de cobertura de la presente Memoria, requiere un ajuste en las t\u00e9cnicas de valoraci\u00f3n para la obten- ci\u00f3n del valor razonable de los instrumentos financieros derivados. El Grupo incorpora un ajuste por riesgo de cr\u00e9dito con el objetivo de reflejar tanto el riesgo propio como de la contraparte en el valor razonable de los instrumentos financieros derivados a partir de modelos de valoraci\u00f3n generalmente aceptados.  Con el fin de eliminar el riesgo de cr\u00e9dito incorporado en los Cross Currency Swap contratados como cober- tura del tipo de cambio de las emisiones de USPP en 2015 se formalizaron con las contrapartes acuerdos de cesi\u00f3n en garant\u00eda con intercambio de colaterales.  Para la determinaci\u00f3n del ajuste por riesgo de cr\u00e9dito del resto de derivados se ha aplicado una t\u00e9cnica basada en el c\u00e1lculo a trav\u00e9s de simulaciones de la exposici\u00f3n total esperada (que incorpora tanto la expo- sici\u00f3n actual  como  la  exposici\u00f3n potencial)  ajustada  por  la  probabilidad  de  incumplimiento a  lo  largo  del tiempo y por la severidad (o p\u00e9rdida potencial) asignada al Grupo y a cada una de las contrapartes.  La exposici\u00f3n total esperada de los instrumentos financieros derivados se obtiene usando inputs observables de mercado, como curvas de tipo de inter\u00e9s, tipo de cambio y volatilidades seg\u00fan las condiciones del mercado en la fecha de valoraci\u00f3n.  Los inputs aplicados para la obtenci\u00f3n del riesgo de cr\u00e9dito propio y de contraparte (determinaci\u00f3n de la probabilidad de default) se basan principalmente en la aplicaci\u00f3n de spreads de cr\u00e9dito propios o de empre- sas comparables actualmente negociados en el mercado (curvas de CDS - Credit Default Swaps-, TIR emi- siones de deuda).  Asimismo, para el ajuste del valor razonable al riesgo de cr\u00e9dito se han tenido en consideraci\u00f3n las mejoras crediticias relativas a garant\u00edas o colaterales a la hora de determinar la tasa de severidad a aplicar para cada una de las posiciones. La severidad se considera \u00fanica en el tiempo. En el caso de no existir mejoras credi- ticias relativas a garant\u00edas o colaterales, se ha aplicado como tasa m\u00ednima de recuperaci\u00f3n un 40%.  El Grupo ha determinado que la mayor\u00eda de los inputs empleados para la determinaci\u00f3n del valor razonable de los instrumentos financieros derivados, en base a los niveles jer\u00e1rquicos detallados en la nota 4, se en- cuentran en el Nivel 2 de la jerarqu\u00eda, incluyendo los datos empleados para el c\u00e1lculo del ajuste por riesgo de cr\u00e9dito propio y de contraparte.   En el caso de haberse aplicado inputs clasificados como de Nivel 3, el Grupo ha procedido a calcular  el impacto  que  supone  la  introducci\u00f3n  de  dichos  datos  sobre  el  total  de  la  valoraci\u00f3n  de  los  instrumentos financieros derivados y ha determinado que no son significativos. Por tanto, el Grupo ha determinado que el total de la cartera de instrumentos financieros derivados se clasifica en el Nivel 2 de la jerarqu\u00eda.  El Grupo utiliza precios medios de mercado como inputs observables a partir de fuentes de informaci\u00f3n ex- ternas reconocidas en los mercados financieros.   El detalle a 31 de diciembre de 2022 y 2021 de las coberturas en miles de euros se muestra a continuaci\u00f3n:  2022 Tipo medio derivado  No corriente Corriente Plazo de Miles de euros  Principal venci- A pagar  A cobrar  Activo  Pasivo  Activo  Pasivo miento Cobertura de tipo de inter\u00e9s:   - Cobertura de flujos de caja:   389.542 miles de Swap de tipo de inter\u00e9s Hasta 2031 2,48%  EURIBOR+0,11% 8.065 (78) - - euros - Precobertura de flujos de caja:   Swap de tipo de inter\u00e9s con co- 100.000 miles de Hasta 2029 0,32%  EURIBOR 15.301 - - - mienzo diferido en 2023 euros Swap de tipo de inter\u00e9s con co- 100.000 miles de Hasta 2030 0,06%  EURIBOR 15.878 - - - mienzo diferido en 2024 euros Swap de tipo de inter\u00e9s con co- 200.000 miles de Hasta 2031 0,20%  EURIBOR 28.743 - - - mienzo diferido en 2025 euros Cobertura de tipo de cambio: - Cobertura de inversi\u00f3n neta: 150.000 miles de Cross currency swap d\u00f3lares Hasta 2026 - - - (2.209) - - americanos - Precobertura de flujos de caja:   65.230 miles de Cross currency swap d\u00f3lares Hasta 2031 - - - (7.200) - - americanos 208.673 miles de Forward de Divisa d\u00f3lares Hasta 2032 - - 5.709 (3.525) - (6.864) americanos 28.543 miles de Forward de Divisa Hasta 2023 - - - - - (189) reales brasile\u00f1os Cobertura de tipo de inter\u00e9s y de cambio - Cobertura de flujos de caja (Cross currency swap): 250.000 miles de Cobertura de tipo de inter\u00e9s 4,12% 2.917 - - - d\u00f3lares Hasta 2035 5,35% USD EUR americanos Cobertura de tipo de cambio  28.459 - - - - Cobertura de flujos de caja (Cross currency swap): Cobertura de tipo de inter\u00e9s 77.567 miles de 5.544 - - - 2,975% d\u00f3lares Hasta 2031 EURIBOR + 0,38% USD Cobertura de tipo de cambio  - (9.004) - - americanos Total   110.616 (22.016) - (7.053 ) 2021 Tipo medio derivado  No corriente Corriente Miles de euros Principal  Plazo de vencimiento A pagar   A cobrar  Activo Pasivo Activo Pasivo Cobertura de tipo de inter\u00e9s: - Cobertura de flujos de caja:   225.000 miles Swap de tipo de inter\u00e9s Hasta 2022 0,34%  EURIBOR  - - - (1.544) de euros 43.621 miles de Swap de tipo de inter\u00e9s Hasta 2031 0,72%  EURIBOR+0,38% 438 - - - euros - Precobertura de flujos de caja: Swap de tipo de inter\u00e9s con 20.921 miles de Hasta 2031 0,72%  EURIBOR+0,38% 207 - - - comienzo diferido en 2022 euros Swap de tipo de inter\u00e9s con 100.000 miles Hasta 2029 0,32%  EURIBOR  1.131 (1.673) - - comienzo diferido en 2023 de euros Swap de tipo de inter\u00e9s con 100.000 miles Hasta 2030 0,06%  EURIBOR  1.655 - - - comienzo diferido en 2024 de euros Swap de tipo de inter\u00e9s con 200.000 miles Hasta 2031 0,20%  EURIBOR  2.758 - - - comienzo diferido en 2025 de euros Cobertura de tipo de cambio: - Cobertura de inversi\u00f3n neta: 150.000 miles Cross currency swap de d\u00f3lares Hasta 2026 -   -   6.099 - - - americanos - Precobertura de flujos de caja: 161.432 miles Cross currency swap de d\u00f3lares Hasta 2031      - (9.535) - - americanos 189.598 miles Forward de Divisa de d\u00f3lares Hasta 2025 -      - (5.228) 33 (3.585) americanos 45.885 miles de Forward de Divisa reales Hasta 2022 -      - - 58 - brasile\u00f1os Cobertura de tipo de inter\u00e9s y de cambio: - Cobertura de flujos de caja (Cross currency swap): Cobertura de tipo de  4,12% EUR 5,35% USD  (3.496) - - - inter\u00e9s 250.000 miles de d\u00f3lares Hasta 2035 Cobertura de tipo de  americanos -   -   14.800 - - - cambio Total         23.592 (16.436) 91 (5.129) Asimismo, el detalle de los flujos esperados de los derivados a 31 de diciembre de 2022 y 2021 que son similares a sus impactos esperados en resultados, por a\u00f1os de ocurrencia es como sigue: Vencimientos a 31 de diciembre de 2022 2028 y Plazo de si- Miles de euros  Principal 2023  2024  2025  2026  2027 Total vencimiento guien- tes Cobertura de tipo de inter\u00e9s: - Cobertura de flujos de caja: 389.542 mi- Swap de tipo de inter\u00e9s Hasta 2031 - (78) - - - 8.065 7.987 les de euros - Precobertura de flujos de caja: Swap de tipo de inter\u00e9s con comienzo 100.000 mi- Hasta 2029 - - - - - 15.301 15.301 diferido en 2023 les de euros Swap de tipo de inter\u00e9s con comienzo 100.000 mi- Hasta 2030 - - - - - 15.878 15.878 diferido en 2024 les de euros Swap de tipo de inter\u00e9s con comienzo 200.000 mi- Hasta 2031 - - - - - 28.743 28.743 diferido en 2025 les de euros Cobertura de tipo de cambio: - Cobertura de inversi\u00f3n neta: 150.000 mi- les de d\u00f3la- Cross currency swap Hasta 2026 - - - (2.209) - - (2.209) res america- nos - Precobertura de flujos de caja: 65.230 miles Cross currency swap de d\u00f3lares Hasta 2031 - - - - - (7.200) (7.200) americanos 203.710 mi- les de d\u00f3la- Forward de Divisa Hasta 2032 (6.864) (1.916) (255) 867 1.214 2.275 (4.679) res america- nos 45.885 miles Forward de Divisa de reales Hasta 2023 (189) - - - - - (189) brasile\u00f1os Cobertura de tipo de inter\u00e9s y de cambio - Cobertura de flujos de caja (Cross currency swap): Cobertura de tipo de inter\u00e9s 250.000 mi- - - (78) - - 2.995 2.917 les de d\u00f3la- Hasta 2035 res america- Cobertura de tipo de cambio  - - 17.075 - - 11.384 28.459 nos - Cobertura de flujos de caja (Cross currency swap): Cobertura de tipo de inter\u00e9s 77.567 miles - - - - - 5.543 5.543 de d\u00f3lares Hasta 2031 Cobertura de tipo de cambio  - - - - - (9.004) (9.004) americanos Total (7.053) (1.994) 16.742 (1.342) 1.214 73.980 81.547 Vencimientos a 31 de diciembre de 2021 2027 y Plazo de si- Miles de euros  Principal venci- 2022  2023  2024  2025  2026 Total guien- miento tes Cobertura de tipo de inter\u00e9s: - Cobertura de flujos de caja:   225.000 miles Swap de tipo de inter\u00e9s Hasta 2022 (1.544) - - - - - (1.544) de euros 43.621 miles Swap de tipo de inter\u00e9s Hasta 2031 - - - - - 438 433 de euros - Precobertura de flujos de caja:   Swap de tipo de inter\u00e9s con comienzo 20.921 miles Hasta 2031 - - - - - 207 207 diferido en 2022 de euros Swap de tipo de inter\u00e9s con comienzo 100.000 miles Hasta 2029 - - - - - (542) (542) diferido en 2023 de euros Swap de tipo de inter\u00e9s con comienzo 100.000 miles Hasta 2030 - - - - - 1.655 1.655 diferido en 2024 de euros Swap de tipo de inter\u00e9s con comienzo 200.000 miles Hasta 2031 - - - - - 2.758 2.758 diferido en 2025 de euros Cobertura de tipo de cambio: - Cobertura de inversi\u00f3n neta:   150.000 miles Cross currency swap de d\u00f3lares Hasta 2026 - - - - 6.099 - 6.099 americanos - Precobertura de flujos de caja:   161.432 miles Cross currency swap de d\u00f3lares Hasta 2031 - - - - - (9.535) (9.535) americanos 189.598 miles Forward de Divisa de d\u00f3lares Hasta 2025 (3.552) (3.486) (1.383) (359) - - (8.781) americanos 45.885 miles Forward de Divisa de reales Hasta 2022 58 - - - - - 58 brasile\u00f1os Cobertura de tipo de inter\u00e9s y de cambio - Cobertura de flujos de caja (Cross currency swap): Cobertura de tipo de inter\u00e9s 250.000 miles - - - (644) - (2.852) (3.496) de d\u00f3lares Hasta 2035 americanos Cobertura de tipo de cambio  - - - 8.880 - 5.920 14.800 Total   (5.038) (3.486) (1.383) 7.877 6.099 (1.951) 2.118 Durante los ejercicios 2022 y 2021 el Grupo ha reconocido como consecuencia de las coberturas de flujos de efectivo realizadas los siguientes importes:     2022   2.021 Inversio- Inversio- nes con- nes con- Pasivos Pasivos tabiliza- tabiliza- Finan- Deriva- Finan- Deriva- das apli- das apli- cieros a dos de cieros a dos de cando el Total cando el Total coste Cober- coste Cober- m\u00e9todo m\u00e9todo amorti- tura (*) amorti- tura (*) de la par- de la par- zado zado ticipa- ticipa- ci\u00f3n ci\u00f3n (P\u00e9rdidas) / Ganancias en el Estado de Resultados 9.052 10.456 - 19.508 3.540 2.408 - 5.948 Consolidado (P\u00e9rdidas) / Ganancias en el Estado de Otro  63.929 405 9.369 73.703 12.503 (8.516) 23.938 27.925 Resultado Global Consolidado Total  72.981 10.861 9.369 93.211 16.043 (6.108) 23.938 33.873 (*) Corresponde a una cobertura de flujos de efectivo de una transacci\u00f3n prevista altamente probable. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-520": {
   "value": "31/12/2022 A valor  A valor  razonable con razonable con A coste  Derivados de cambios en Total cambios en  amortizado cobertura Otro resultado resultados global Miles de euros Instrumentos de patrimonio  84.534 8.742 - - 93.276 Derivados  - - - 110.616 110.616 Otros activos financieros  - 6.603 175.714 - 182.317 Largo plazo/ no corrientes  84.066 15.813 175.714 110.616 386.209 Otros activos financieros  - - 752.505 - 752.505 Derivados  - - - - - Corto plazo/ corrientes  - - 752.505 - 752.505 Total   84.066 15.813 928.219 110.616 1.138.714 31/12/2021 A valor  razonable con A valor  cambios en razonable con A coste  Derivados de Total Otro  cambios en  amortizado cobertura resultado  resultados global Miles de euros Instrumentos de patrimonio  85.368 4.329 - - 89.697 Derivados  - - - 23.592 23.592 Otros activos financieros  - 1.050 23.942 - 24.992 Largo plazo/ no corrientes  85.368 5.379 23.942 23.592 138.281 Otros activos financieros  - - 25.401 - 25.401 Derivados  - - - 91 91 Corto plazo/ corrientes  - - 25.401 91 25.492 Total   85.368 5.379 49.343 23.683 163.773 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAvailableforsaleAssetsExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-575": {
   "value": "31/12/2022 A valor  A valor  razonable con razonable con A coste  Derivados de cambios en Total cambios en  amortizado cobertura Otro resultado resultados global Miles de euros Instrumentos de patrimonio  84.534 8.742 - - 93.276 Derivados  - - - 110.616 110.616 Otros activos financieros  - 6.603 175.714 - 182.317 Largo plazo/ no corrientes  84.066 15.813 175.714 110.616 386.209 Otros activos financieros  - - 752.505 - 752.505 Derivados  - - - - - Corto plazo/ corrientes  - - 752.505 - 752.505 Total   84.066 15.813 928.219 110.616 1.138.714 31/12/2021 A valor  razonable con A valor  cambios en razonable con A coste  Derivados de Total Otro  cambios en  amortizado cobertura resultado  resultados global Miles de euros Instrumentos de patrimonio  85.368 4.329 - - 89.697 Derivados  - - - 23.592 23.592 Otros activos financieros  - 1.050 23.942 - 24.992 Largo plazo/ no corrientes  85.368 5.379 23.942 23.592 138.281 Otros activos financieros  - - 25.401 - 25.401 Derivados  - - - 91 91 Corto plazo/ corrientes  - - 25.401 91 25.492 Total   85.368 5.379 49.343 23.683 163.773    Otros activos financieros  Dentro de Otros activos financieros a coste amortizado se incluye, en 2022, el activo financiero surgido tras la aplicaci\u00f3n de la CINIIF 12 por el saldo pendiente de facturaci\u00f3n y  cobro a largo plazo por parte de la administraci\u00f3n concedente en relaci\u00f3n al proyecto de la Central Hidr\u00e1ulica Reversible de 200 MW de Salto de Chira en Gran Canaria, por importe de 114.632 miles de euros. Este proyecto, tras la publicaci\u00f3n de la Orden en la que se apruebe la metodolog\u00eda del c\u00e1lculo de la retribuci\u00f3n (v\u00e9ase nota 3), se ha clasificado como una concesi\u00f3n, aplic\u00e1ndose el modelo financiero. Para ello se ha traspasado el importe acumulado en el inmovilizado en curso por los trabajos realizados hasta ese momento (v\u00e9ase nota 7) por importe de 50.407 miles de euros y se ha registrado el importe a cobrar devengado en el ejercicio, tanto derivado de la cons- trucci\u00f3n como de la actualizaci\u00f3n financiera de la cuenta a cobrar, por un importe total de 64.225 miles de euros (v\u00e9ase nota 24.b). Dentro de otros activos financieros a coste amortizado tambi\u00e9n se recoge principalmente la l\u00ednea de cr\u00e9dito concedida por la Sociedad del Grupo Reintel a la participaci\u00f3n no dominante, Rudolph Bidco, S.\u00e0.r.l. El im- porte de la p\u00f3liza es de 72.500 miles de euros, de los cuales se han dispuesto 23.422 miles de euros. Asi- mismo, se incluye el cr\u00e9dito a la sociedad, consolidada por el m\u00e9todo de la participaci\u00f3n, TEN por importe de 13.913 miles de euros (12.338 miles de euros a 31 de diciembre de 2021). Ambos cr\u00e9ditos devengan intere- ses, a EURIBOR m\u00e1s un diferencial de 471 puntos b\u00e1sicos en el primer caso y LIBOR m\u00e1s un diferencial de 270 puntos b\u00e1sicos en el segundo caso. Del mismo modo, tambi\u00e9n se incluyen fianzas constituidas y cr\u00e9ditos concedidos por Redeia a su personal con vencimiento a largo plazo. No existe diferencia significativa entre el valor razonable y el valor neto contable de este ep\u00edgrafe a 31 de diciembre de 2022 y 2021.   Asimismo, tambi\u00e9n se recoge dentro de otros activos financieros a valor razonable con cambios en resultados 6.603 miles de euros (1.050 miles de euros en 2021) correspondientes a la inversi\u00f3n en Agrupaciones de Inter\u00e9s Econ\u00f3mico (AIE), cuya actividad es el arrendamiento de activos dirigidos por otra entidad no vinculada a Redeia, que es la que retiene tanto la mayor\u00eda de los beneficios como los riesgos de la actividad, acogi\u00e9n- dose el Grupo \u00fanicamente a los incentivos fiscales regulados en la legislaci\u00f3n espa\u00f1ola. El Grupo imputa las bases imponibles negativas que van generando estas AIE contra las participaciones y por diferencia con la deuda registrada con la Hacienda P\u00fablica acreedora, el correspondiente ingreso financiero (ver nota 24 e). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherCurrentAssetsExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-641": {
   "value": "31/12/2022 A valor  A valor  razonable con razonable con A coste  Derivados de cambios en Total cambios en  amortizado cobertura Otro resultado resultados global Miles de euros Instrumentos de patrimonio  84.534 8.742 - - 93.276 Derivados  - - - 110.616 110.616 Otros activos financieros  - 6.603 175.714 - 182.317 Largo plazo/ no corrientes  84.066 15.813 175.714 110.616 386.209 Otros activos financieros  - - 752.505 - 752.505 Derivados  - - - - - Corto plazo/ corrientes  - - 752.505 - 752.505 Total   84.066 15.813 928.219 110.616 1.138.714 31/12/2021 A valor  razonable con A valor  cambios en razonable con A coste  Derivados de Total Otro  cambios en  amortizado cobertura resultado  resultados global Miles de euros Instrumentos de patrimonio  85.368 4.329 - - 89.697 Derivados  - - - 23.592 23.592 Otros activos financieros  - 1.050 23.942 - 24.992 Largo plazo/ no corrientes  85.368 5.379 23.942 23.592 138.281 Otros activos financieros  - - 25.401 - 25.401 Derivados  - - - 91 91 Corto plazo/ corrientes  - - 25.401 91 25.492 Total   85.368 5.379 49.343 23.683 163.773    Otros activos financieros  Dentro de Otros activos financieros a coste amortizado se incluye, en 2022, el activo financiero surgido tras la aplicaci\u00f3n de la CINIIF 12 por el saldo pendiente de facturaci\u00f3n y  cobro a largo plazo por parte de la administraci\u00f3n concedente en relaci\u00f3n al proyecto de la Central Hidr\u00e1ulica Reversible de 200 MW de Salto de Chira en Gran Canaria, por importe de 114.632 miles de euros. Este proyecto, tras la publicaci\u00f3n de la Orden en la que se apruebe la metodolog\u00eda del c\u00e1lculo de la retribuci\u00f3n (v\u00e9ase nota 3), se ha clasificado como una concesi\u00f3n, aplic\u00e1ndose el modelo financiero. Para ello se ha traspasado el importe acumulado en el inmovilizado en curso por los trabajos realizados hasta ese momento (v\u00e9ase nota 7) por importe de 50.407 miles de euros y se ha registrado el importe a cobrar devengado en el ejercicio, tanto derivado de la cons- trucci\u00f3n como de la actualizaci\u00f3n financiera de la cuenta a cobrar, por un importe total de 64.225 miles de euros (v\u00e9ase nota 24.b). Dentro de otros activos financieros a coste amortizado tambi\u00e9n se recoge principalmente la l\u00ednea de cr\u00e9dito concedida por la Sociedad del Grupo Reintel a la participaci\u00f3n no dominante, Rudolph Bidco, S.\u00e0.r.l. El im- porte de la p\u00f3liza es de 72.500 miles de euros, de los cuales se han dispuesto 23.422 miles de euros. Asi- mismo, se incluye el cr\u00e9dito a la sociedad, consolidada por el m\u00e9todo de la participaci\u00f3n, TEN por importe de 13.913 miles de euros (12.338 miles de euros a 31 de diciembre de 2021). Ambos cr\u00e9ditos devengan intere- ses, a EURIBOR m\u00e1s un diferencial de 471 puntos b\u00e1sicos en el primer caso y LIBOR m\u00e1s un diferencial de 270 puntos b\u00e1sicos en el segundo caso. Del mismo modo, tambi\u00e9n se incluyen fianzas constituidas y cr\u00e9ditos concedidos por Redeia a su personal con vencimiento a largo plazo. No existe diferencia significativa entre el valor razonable y el valor neto contable de este ep\u00edgrafe a 31 de diciembre de 2022 y 2021.   Asimismo, tambi\u00e9n se recoge dentro de otros activos financieros a valor razonable con cambios en resultados 6.603 miles de euros (1.050 miles de euros en 2021) correspondientes a la inversi\u00f3n en Agrupaciones de Inter\u00e9s Econ\u00f3mico (AIE), cuya actividad es el arrendamiento de activos dirigidos por otra entidad no vinculada a Redeia, que es la que retiene tanto la mayor\u00eda de los beneficios como los riesgos de la actividad, acogi\u00e9n- dose el Grupo \u00fanicamente a los incentivos fiscales regulados en la legislaci\u00f3n espa\u00f1ola. El Grupo imputa las bases imponibles negativas que van generando estas AIE contra las participaciones y por diferencia con la deuda registrada con la Hacienda P\u00fablica acreedora, el correspondiente ingreso financiero (ver nota 24 e). 30 Garant\u00edas y otros compromisos comprometidos con terceros y otros activos y pasivos contingentes En 2022 y 2021 la Sociedad garantiza, solidariamente con Red El\u00e9ctrica, la emisi\u00f3n privada de bonos reali- zada en los Estados Unidos de Am\u00e9rica por importe de 250 millones de d\u00f3lares americanos (250 millones de d\u00f3lares americanos en 2021) realizadas por la sociedad Red El\u00e9ctrica de Espa\u00f1a Finance, SL.U., y el pro- grama de eurobonos de Red El\u00e9ctrica Financiaciones,  S.A.U. por un importe de hasta 5.000 millones de euros a 31 de diciembre de 2022 y 2021. Este programa, a 31 de diciembre de 2022 tiene emitidos eurobonos por importe de 3.290 millones de euros (3.690 millones de euros en 2021).  Adicionalmente, a 31 de diciembre de 2022 y 2021 la Sociedad garantiza solidariamente con Red El\u00e9ctrica, el programa de emisi\u00f3n de pagar\u00e9s Euro Commercial Paper Programme (Programa ECP) realizados por Red El\u00e9ctrica Financiaciones, S.A.U., por un importe de hasta 1.000 millones de euros. A 31 de diciembre de 2022 y 2021 no hay importes dispuestos de dicho programa.  Con fecha 19 de febrero de 2015, Redesur, Tesur y Scotia Sociedad Titulizadora S.A., suscribieron un Acto constitutivo de Fideicomiso de Titulizaci\u00f3n donde se constituye el Patrimonio Fideicometido Redesur-Tesur con finalidad de servir de respaldo de las obligaciones derivadas de emisiones de bonos por importe de 77 millones de d\u00f3lares americanos a 31 de diciembre de  2022 (82 millones de d\u00f3lares americanos a 31 de diciembre de 2021).  A 31 de diciembre de 2022 el Grupo tiene avales bancarios derivados del tr\u00e1fico ordinario del negocio otor- gados a favor de terceros por importe de 200.087 miles de euros (191.656 miles de euros en 2021).  El Grupo no posee pasivos contingentes significativos que impliquen una eventual salida de recursos, cuya probabilidad de ocurrencia no sea remota. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherAssetsExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-494": {
   "value": "   Instrumentos de patrimonio  La partida Instrumentos de patrimonio corresponde fundamentalmente a la participaci\u00f3n del 5% que tiene el Grupo en REN, sociedad holding que engloba la operaci\u00f3n y la explotaci\u00f3n de los activos de transporte de electricidad y de diversas infraestructuras de gas de Portugal. Esta participaci\u00f3n fue adquirida en 2007 y el precio de la transacci\u00f3n ascendi\u00f3 a 98.822 miles de euros. En 2017 el Grupo acudi\u00f3 a la ampliaci\u00f3n de capital realizada por REN suscribiendo 6.659.563 nuevas acciones por importe de 12.500 miles de euros permiti\u00e9n- dole mantener el 5% de la sociedad.   REN tiene a 31 de diciembre de 2021 un Patrimonio Neto consolidado de 1.409.830 miles de euros y un resultado del ejercicio despu\u00e9s de impuestos de 97.153 miles de euros.  Estos instrumentos han sido clasificados como activos financieros medidos a valor razonable con cambios en \u201cOtro resultado global\u201d (v\u00e9ase nota 2 b). La valoraci\u00f3n de esta participaci\u00f3n est\u00e1 sujeta a la cotizaci\u00f3n de la acci\u00f3n (nivel 1). Durante el ejercicio 2022 se ha producido un decremento en el valor razonable de este instrumento de patrimonio que se ha registrado directamente contra el Patrimonio neto.  A 31 de diciembre de 2022 el Grupo ha cuantificado el descenso en el valor de la participaci\u00f3n en 834 miles de euros (aumento de 6.005 miles de euros en 2021).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueOfEachInvestmentInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncomeExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-611": {
   "value": "b)  Pasivos financieros   El detalle del ep\u00edgrafe Pasivos financieros, tanto corrientes como no corrientes, del Grupo a 31 de diciembre de 2022 y 2021 es como sigue:  31/12/2022 Derivados de Pasivos Financieros Total cobertura Miles de euros Deudas con entidades de cr\u00e9dito  1.762.259 - 1.762.259 Obligaciones y otros valores negociables  3.728.865 - 3.728.865 Derivados  - 22.016 22.016 Otros pasivos financieros  52.631 - 52.631 Largo plazo/ no corrientes  5.543.755 22.016 5.565.771 Deudas con entidades de cr\u00e9dito  389.650 - 389.650 Obligaciones y otros valores negociables  332.195 - 332.195 Derivados  - 7.053 7.053 Otros pasivos financieros  983.432 - 983.432 Corto plazo/ corrientes  1.705.277 7.053 1.712.330 Total  7.249.032 29.069 7.278.101 31/12/2021 Pasivos Derivados Total Financieros de cobertura Miles de euros Deudas con entidades de cr\u00e9dito  1.899.560 - 1.899.560 Obligaciones y otros valores negociables  3.996.610 - 3.996.610 Derivados  - 16.436 16.436 Otros pasivos financieros   57.264 - 57.264 Largo plazo/ no corrientes  5.953.434 16.436 5.969.870 Deudas con entidades de cr\u00e9dito  945.757 - 945.757 Obligaciones y otros valores negociables  445.965 - 445.965 Derivados  - 5.129 5.129 Otros pasivos financieros  752.703 - 752.703 Corto plazo/ corrientes  2.144.425 5.129 2.149.554 Total  8.097.859 21.565 8.119.424   Deudas con entidades de cr\u00e9dito y Obligaciones y otros valores negociables  El valor contable y razonable de las Deudas con entidades de cr\u00e9dito y de las emisiones de Obligaciones y otros valores negociables a 31 de diciembre de 2022 y 2021, sin incluir los intereses pendientes de pago, es el siguiente: Valor contable  Valor razonable Miles de euros 2022 2021 2022 2021 Emisiones en euros  3.641.742 4.026.747 3.280.334 4.172.723 Emisiones en d\u00f3lares americanos  392.747 374.890 404.046 471.183 Deudas bancarias en euros  1.613.807 2.439.008 1.505.480 2.463.081 Deudas bancarias en divisas  523.835 396.461 528.814 421.014 Total   6.172.131 7.237.106 5.718.674 7.528.001 El valor razonable de las Deudas bancarias y de las Emisiones se ha estimado en su totalidad utilizando una t\u00e9cnica de valoraci\u00f3n basada en el descuento de flujos de caja futuros a los tipos de inter\u00e9s de mercado vigentes en cada fecha (Nivel de jerarqu\u00eda 2).  A 31 de diciembre de 2022 los intereses devengados y no pagados de estas deudas ascienden a 40.838 miles de euros (50.787 miles de euros en 2021).  Emisiones en euros a 31 de diciembre de 2022 recoge las emisiones de Eurobonos llevadas a cabo por Red El\u00e9ctrica Financiaciones, S.A.U. y Red El\u00e9ctrica Corporaci\u00f3n, S.A. con un saldo de 3.641.742 miles de euros (4.026.747 miles de euros en 2021). En el ejercicio 2022 se ha realizado la amortizaci\u00f3n de deuda Euro Medium Term Programme (Programa EMTN) en el euromercado por importe de 400 millones de euros.  Emisiones en d\u00f3lares americanos a 31 de diciembre de 2022 recoge 392.747 miles de euros (374.890 miles de euros en 2021), correspondientes a la emisi\u00f3n de 500 millones de d\u00f3lares americanos realizadas en el mercado de colocaciones privadas en Estados Unidos (USPP) de los que quedan pendientes de pago 250 millones de d\u00f3lares americanos (234.390 miles de euros a cierre de 2022); as\u00ed como tres emisiones de bonos en d\u00f3lares americanos realizadas en Per\u00fa, de los que quedan pendientes de pago 173 millones de d\u00f3lares americanos equivalentes a 158 millones de euros (179 millones de euros en 2021) (v\u00e9ase an\u00e1lisis de riesgo de tipo de cambio en nota 18). Deudas bancarias en euros recoge a 31 de diciembre de 2022 pr\u00e9stamos a largo plazo y p\u00f3lizas de cr\u00e9dito por importe de 1.613.807 miles de euros (1.939.008 miles de euros en 2021). Asimismo a 31 de diciembre de 2021 recog\u00eda tambi\u00e9n el saldo dispuesto de un cr\u00e9dito sindicado por importe de 500.000 miles de euros.  Deudas bancarias en divisas recoge a 31 de diciembre de 2022 pr\u00e9stamos a largo plazo y p\u00f3lizas de cr\u00e9dito principalmente en d\u00f3lares americanos por importe de 523.835 miles de euros (396.461 miles de euros en 2021).  El detalle de los vencimientos de las Emisiones y de las Deudas bancarias a 31 de diciembre de 2022 es el siguiente:   Vencimientos a 31 de diciembre de 2022 Ajustes A\u00f1os coste 2023 2024 2025 2026 2027 Total posteriores amortizado y otros Miles de euros Emisiones en euros  300.000 - 900.000 500.000 675.000 1.315.000 (48.258) 3.641.742 Emisiones en d\u00f3lares  5.928 6.362 147.450 7.300 7.809 221.558 (3.660) 392.747 americanos Deudas bancarias en euros  181.545 321.044 121.050 94.706 400.928 498.567 (4.033) 1.613.807 Deudas bancarias en  192.320 183.582 60.799 5.621 5.766 83.654 (7.907) 523.835 d\u00f3lares americanos Total  679.793 510.988 1.229.299 607.627 1.089.503 2.118.779 (63.858) 6.172.131 El tipo de inter\u00e9s medio de las Deudas con entidades de cr\u00e9dito y de las Emisiones ha sido del 1,62% en el ejercicio 2022 (1,52% en 2021).  A 31 de diciembre de 2022 las sociedades del Grupo tienen l\u00edneas de cr\u00e9dito con entidades de cr\u00e9dito pen- dientes de disponer por un importe de 1.795 millones de euros (1.853 millones de euros en 2021), de los cuales 1.426 millones de euros son a largo plazo (1.717 millones de euros a 31 de diciembre de 2021) y 369 millones de euros a corto plazo (136 millones de euros a 31 de diciembre de 2021).  El detalle de Obligaciones y otros valores negociables a 31 de diciembre de 2022 y 2021 es el siguiente: 31/12/2022 (+/-) Ajustes Saldo vivo Saldo vivo (-) Recompras o por tipo de  inicial (+) Emisiones final reembolsos cambio y 31/12/2021 31/12/2022 otros Miles de euros Valores representativos en un mercado de deuda que han requerido del registro de un folleto  4.026.747 - (400.000) 14.995 3.641.742 informativo Valores representativos en un mercado de deuda que no han requerido del registro de un folleto  - - - - - informativo Otros valores representativos de deuda emitidos 374.890 - (5.521) 23.378 392.747 fuera de un estado miembro de la Uni\u00f3n Europea Total  4.401.637 - (405.521) 38.373 4.034.489 31/12/2021 (+/-) Ajustes Saldo vivo Saldo vivo (-) Recompras o por tipo de inicial  (+) Emisiones final reembolsos cambio y 31/12/2020 31/12/2021 otros Miles de euros Valores representativos en un mercado de deuda que han requerido del registro de un folleto  3.422.760 600.000 - 3.987 4.026.747 informativo Valores representativos en un mercado de deuda que no han requerido del registro de un folleto  - - - - - informativo Otros valores representativos de deuda emitidos 350.324 - (4.586) 29.152 374.890 fuera de un estado miembro de la Uni\u00f3n Europea Total  3.773.084 600.000 (4.586) 33.139 4.401.637 La evoluci\u00f3n durante 2022 y 2021 de valores representativos en un mercado de deuda que han requerido del registro de un folleto informativo corresponde a emisiones registradas en Luxemburgo.  Los cambios en los pasivos en los instrumentos de financiaci\u00f3n a lo largo del ejercicio 2022 diferenciando entre los que suponen y los que no suponen movimientos de flujos de efectivo son los siguientes:  Movimientos que no suponen flujos Movimientos de efectivo 31/12/2021 de flujos de 31/12/2022 efectivo Variaciones de tipo Otras  Miles de euros de cambio Variaciones Emisiones en euros  4.026.747 (400.000) - 14.995 3.641.742 Emisiones en d\u00f3lares americanos  374.890 (5.521) 23.424 (46) 392.747 Deuda bancaria en euros   2.439.008 (820.221) - (2.246) 1.616.541 Deuda bancaria en divisas  396.461 84.024 20.662 19.954 521.101 Total Deuda  7.237.106 (1.141.718) 44.086 32.657 6.172.131 Dentro de Otras variaciones en Deuda bancaria en divisas se incluye principalmente la deuda de Axess en el momento de su incorporaci\u00f3n al per\u00edmetro de consolidaci\u00f3n de Redeia (ver Nota 6).    Derivados  El detalle de los instrumentos financieros derivados figura en la nota 20.     Otros pasivos financieros   El detalle de Otros pasivos financieros a 31 de diciembre de 2022 y 2021 es como sigue 31/12/2022 31/12/2021 Miles de euros Deudas a largo plazo por arrendamientos  18.343 19.865 Proveedores de inmovilizado y otras deudas  34.288 37.399 Total a largo plazo  52.631 57.264 Dividendo a pagar (nota 13)  147.143 147.061 Deudas a corto plazo por arrendamientos  7.537 8.068 Proveedores de inmovilizado   387.603 315.374 Otras deudas  441.149 282.200 Total a corto plazo  983.432 752.703 Total Otros Pasivos Financieros  1.036.063 809.967 El saldo de Proveedores de inmovilizado recoge fundamentalmente los saldos derivados de la construcci\u00f3n de instalaciones el\u00e9ctricas y de telecomunicaciones. Respecto a las deudas por arrendamiento el detalle de los pagos m\u00ednimos futuros por arrendamiento a largo plazo es el siguiente: A\u00f1os  2023  2024  2025  2026  2027 Total Miles de euros posteriores Pagos m\u00ednimos futuros por  7.537 5.737 5.906 3.656 1.211 1.833 25.880 arrendamiento El Grupo estima que como arrendatario no existen salidas de efectivo futuras previstas por importes signifi- cativos en los que se encuentre potencialmente expuesto y que no se encuentre reflejados en los pasivos por arrendamiento detallados.  Otras deudas recogen principalmente determinadas partidas pendientes de liquidar al sistema el\u00e9ctrico es- pa\u00f1ol y las fianzas recibidas.      Niveles de Jerarqu\u00eda de valor razonable  Los niveles de jerarqu\u00eda de valor razonable a 31 de diciembre de 2022 y 2021 de los pasivos financieros no corrientes y corrientes cuyo valor razonable es el siguiente:  31/12/2022 Miles de euros Nivel 1 Nivel 2 Nivel 3 Saldo total Deudas con entidades de cr\u00e9dito  - 2.137.642 - 2.137.642 Obligaciones y otros valores negociables  - 4.034.489 - 4.034.489 Derivados   - 29.069 - 29.069 Total  - 6.201.200 - 6.201.200 31/12/2021 Nivel 1 Nivel 2 Nivel 3 Saldo total Miles de euros Deudas con entidades de cr\u00e9dito  - 2.835.469 - 2.835.469 Obligaciones y otros valores negociables  - 4.401.637 - 4.401.637 Derivados   - 21.565 - 21.565 Total  - 7.258.671 - 7.258.671 Dentro del Nivel 2 se encuentran las deudas con entidades de cr\u00e9dito, las obligaciones y otras emisiones y los derivados de tipo de cambio y tipo de inter\u00e9s. No existen diferencias significativas entre el valor razonable y el valor neto contable de este ep\u00edgrafe a 31 de diciembre de 2022 y 2021. Para la realizaci\u00f3n de las estimaciones de valor razonable el Grupo ha reflejado las hip\u00f3tesis de los partici- pantes del mercado en base la informaci\u00f3n disponible y las condiciones del mercado en la fecha de realiza- ci\u00f3n de estos Estados Financieros, incorpor\u00e1ndose, en su caso, las primas de riesgo que surgir\u00edan del incre- mento de la incertidumbre generada por la coyuntura macroecon\u00f3mica actual, ajustado las estimaciones por el riesgo de cr\u00e9dito propio y de la contraparte y considerado si los inputs no observables se han vuelto signi- ficativos.  ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-642": {
   "value": "b)  Pasivos financieros   El detalle del ep\u00edgrafe Pasivos financieros, tanto corrientes como no corrientes, del Grupo a 31 de diciembre de 2022 y 2021 es como sigue:  31/12/2022 Derivados de Pasivos Financieros Total cobertura Miles de euros Deudas con entidades de cr\u00e9dito  1.762.259 - 1.762.259 Obligaciones y otros valores negociables  3.728.865 - 3.728.865 Derivados  - 22.016 22.016 Otros pasivos financieros  52.631 - 52.631 Largo plazo/ no corrientes  5.543.755 22.016 5.565.771 Deudas con entidades de cr\u00e9dito  389.650 - 389.650 Obligaciones y otros valores negociables  332.195 - 332.195 Derivados  - 7.053 7.053 Otros pasivos financieros  983.432 - 983.432 Corto plazo/ corrientes  1.705.277 7.053 1.712.330 Total  7.249.032 29.069 7.278.101 31/12/2021 Pasivos Derivados Total Financieros de cobertura Miles de euros Deudas con entidades de cr\u00e9dito  1.899.560 - 1.899.560 Obligaciones y otros valores negociables  3.996.610 - 3.996.610 Derivados  - 16.436 16.436 Otros pasivos financieros   57.264 - 57.264 Largo plazo/ no corrientes  5.953.434 16.436 5.969.870 Deudas con entidades de cr\u00e9dito  945.757 - 945.757 Obligaciones y otros valores negociables  445.965 - 445.965 Derivados  - 5.129 5.129 Otros pasivos financieros  752.703 - 752.703 Corto plazo/ corrientes  2.144.425 5.129 2.149.554 Total  8.097.859 21.565 8.119.424   Deudas con entidades de cr\u00e9dito y Obligaciones y otros valores negociables  El valor contable y razonable de las Deudas con entidades de cr\u00e9dito y de las emisiones de Obligaciones y otros valores negociables a 31 de diciembre de 2022 y 2021, sin incluir los intereses pendientes de pago, es el siguiente:   Valor contable  Valor razonable Miles de euros 2022 2021 2022 2021 Emisiones en euros  3.641.742 4.026.747 3.280.334 4.172.723 Emisiones en d\u00f3lares americanos  392.747 374.890 404.046 471.183 Deudas bancarias en euros  1.613.807 2.439.008 1.505.480 2.463.081 Deudas bancarias en divisas  523.835 396.461 528.814 421.014 Total   6.172.131 7.237.106 5.718.674 7.528.001 El valor razonable de las Deudas bancarias y de las Emisiones se ha estimado en su totalidad utilizando una t\u00e9cnica de valoraci\u00f3n basada en el descuento de flujos de caja futuros a los tipos de inter\u00e9s de mercado vigentes en cada fecha (Nivel de jerarqu\u00eda 2).  A 31 de diciembre de 2022 los intereses devengados y no pagados de estas deudas ascienden a 40.838 miles de euros (50.787 miles de euros en 2021).  Emisiones en euros a 31 de diciembre de 2022 recoge las emisiones de Eurobonos llevadas a cabo por Red El\u00e9ctrica Financiaciones, S.A.U. y Red El\u00e9ctrica Corporaci\u00f3n, S.A. con un saldo de 3.641.742 miles de euros (4.026.747 miles de euros en 2021). En el ejercicio 2022 se ha realizado la amortizaci\u00f3n de deuda Euro Medium Term Programme (Programa EMTN) en el euromercado por importe de 400 millones de euros.  Emisiones en d\u00f3lares americanos a 31 de diciembre de 2022 recoge 392.747 miles de euros (374.890 miles de euros en 2021), correspondientes a la emisi\u00f3n de 500 millones de d\u00f3lares americanos realizadas en el mercado de colocaciones privadas en Estados Unidos (USPP) de los que quedan pendientes de pago 250 millones de d\u00f3lares americanos (234.390 miles de euros a cierre de 2022); as\u00ed como tres emisiones de bonos en d\u00f3lares americanos realizadas en Per\u00fa, de los que quedan pendientes de pago 173 millones de d\u00f3lares americanos equivalentes a 158 millones de euros (179 millones de euros en 2021) (v\u00e9ase an\u00e1lisis de riesgo de tipo de cambio en nota 18). Deudas bancarias en euros recoge a 31 de diciembre de 2022 pr\u00e9stamos a largo plazo y p\u00f3lizas de cr\u00e9dito por importe de 1.613.807 miles de euros (1.939.008 miles de euros en 2021). Asimismo a 31 de diciembre de 2021 recog\u00eda tambi\u00e9n el saldo dispuesto de un cr\u00e9dito sindicado por importe de 500.000 miles de euros.  Deudas bancarias en divisas recoge a 31 de diciembre de 2022 pr\u00e9stamos a largo plazo y p\u00f3lizas de cr\u00e9dito principalmente en d\u00f3lares americanos por importe de 523.835 miles de euros (396.461 miles de euros en 2021).  El detalle de los vencimientos de las Emisiones y de las Deudas bancarias a 31 de diciembre de 2022 es el siguiente:   Vencimientos a 31 de diciembre de 2022 Ajustes A\u00f1os coste 2023 2024 2025 2026 2027 Total posteriores amortizado y otros Miles de euros Emisiones en euros  300.000 - 900.000 500.000 675.000 1.315.000 (48.258) 3.641.742 Emisiones en d\u00f3lares  5.928 6.362 147.450 7.300 7.809 221.558 (3.660) 392.747 americanos Deudas bancarias en euros  181.545 321.044 121.050 94.706 400.928 498.567 (4.033) 1.613.807 Deudas bancarias en  192.320 183.582 60.799 5.621 5.766 83.654 (7.907) 523.835 d\u00f3lares americanos Total  679.793 510.988 1.229.299 607.627 1.089.503 2.118.779 (63.858) 6.172.131 El tipo de inter\u00e9s medio de las Deudas con entidades de cr\u00e9dito y de las Emisiones ha sido del 1,62% en el ejercicio 2022 (1,52% en 2021).  A 31 de diciembre de 2022 las sociedades del Grupo tienen l\u00edneas de cr\u00e9dito con entidades de cr\u00e9dito pen- dientes de disponer por un importe de 1.795 millones de euros (1.853 millones de euros en 2021), de los cuales 1.426 millones de euros son a largo plazo (1.717 millones de euros a 31 de diciembre de 2021) y 369 millones de euros a corto plazo (136 millones de euros a 31 de diciembre de 2021).  El detalle de Obligaciones y otros valores negociables a 31 de diciembre de 2022 y 2021 es el siguiente: 31/12/2022 (+/-) Ajustes Saldo vivo Saldo vivo (-) Recompras o por tipo de  inicial (+) Emisiones final reembolsos cambio y 31/12/2021 31/12/2022 otros Miles de euros Valores representativos en un mercado de deuda que han requerido del registro de un folleto  4.026.747 - (400.000) 14.995 3.641.742 informativo Valores representativos en un mercado de deuda que no han requerido del registro de un folleto  - - - - - informativo Otros valores representativos de deuda emitidos 374.890 - (5.521) 23.378 392.747 fuera de un estado miembro de la Uni\u00f3n Europea Total  4.401.637 - (405.521) 38.373 4.034.489 31/12/2021 (+/-) Ajustes Saldo vivo Saldo vivo (-) Recompras o por tipo de inicial  (+) Emisiones final reembolsos cambio y 31/12/2020 31/12/2021 otros Miles de euros Valores representativos en un mercado de deuda que han requerido del registro de un folleto  3.422.760 600.000 - 3.987 4.026.747 informativo Valores representativos en un mercado de deuda que no han requerido del registro de un folleto  - - - - - informativo Otros valores representativos de deuda emitidos 350.324 - (4.586) 29.152 374.890 fuera de un estado miembro de la Uni\u00f3n Europea Total  3.773.084 600.000 (4.586) 33.139 4.401.637 La evoluci\u00f3n durante 2022 y 2021 de valores representativos en un mercado de deuda que han requerido del registro de un folleto informativo corresponde a emisiones registradas en Luxemburgo.  Los cambios en los pasivos en los instrumentos de financiaci\u00f3n a lo largo del ejercicio 2022 diferenciando entre los que suponen y los que no suponen movimientos de flujos de efectivo son los siguientes:  Movimientos que no suponen flujos Movimientos de efectivo 31/12/2021 de flujos de 31/12/2022 efectivo Variaciones de tipo Otras  Miles de euros de cambio Variaciones Emisiones en euros  4.026.747 (400.000) - 14.995 3.641.742 Emisiones en d\u00f3lares americanos  374.890 (5.521) 23.424 (46) 392.747 Deuda bancaria en euros   2.439.008 (820.221) - (2.246) 1.616.541 Deuda bancaria en divisas  396.461 84.024 20.662 19.954 521.101 Total Deuda  7.237.106 (1.141.718) 44.086 32.657 6.172.131 Dentro de Otras variaciones en Deuda bancaria en divisas se incluye principalmente la deuda de Axess en el momento de su incorporaci\u00f3n al per\u00edmetro de consolidaci\u00f3n de Redeia (ver Nota 6).    Derivados  El detalle de los instrumentos financieros derivados figura en la nota 20.     Otros pasivos financieros   El detalle de Otros pasivos financieros a 31 de diciembre de 2022 y 2021 es como sigue : 31/12/2022 31/12/2021 Miles de euros Deudas a largo plazo por arrendamientos  18.343 19.865 Proveedores de inmovilizado y otras deudas  34.288 37.399 Total a largo plazo  52.631 57.264 Dividendo a pagar (nota 13)  147.143 147.061 Deudas a corto plazo por arrendamientos  7.537 8.068 Proveedores de inmovilizado   387.603 315.374 Otras deudas  441.149 282.200 Total a corto plazo  983.432 752.703 Total Otros Pasivos Financieros  1.036.063 809.967 El saldo de Proveedores de inmovilizado recoge fundamentalmente los saldos derivados de la construcci\u00f3n de instalaciones el\u00e9ctricas y de telecomunicaciones. Respecto a las deudas por arrendamiento el detalle de los pagos m\u00ednimos futuros por arrendamiento a largo plazo es el siguiente: A\u00f1os  2023  2024  2025  2026  2027 Total Miles de euros posteriores Pagos m\u00ednimos futuros por  7.537 5.737 5.906 3.656 1.211 1.833 25.880 arrendamiento El Grupo estima que como arrendatario no existen salidas de efectivo futuras previstas por importes signifi- cativos en los que se encuentre potencialmente expuesto y que no se encuentre reflejados en los pasivos por arrendamiento detallados.  Otras deudas recogen principalmente determinadas partidas pendientes de liquidar al sistema el\u00e9ctrico es- pa\u00f1ol y las fianzas recibidas.      Niveles de Jerarqu\u00eda de valor razonable  Los niveles de jerarqu\u00eda de valor razonable a 31 de diciembre de 2022 y 2021 de los pasivos financieros no corrientes y corrientes cuyo valor razonable es el siguiente:  31/12/2022 Miles de euros Nivel 1 Nivel 2 Nivel 3 Saldo total Deudas con entidades de cr\u00e9dito  - 2.137.642 - 2.137.642 Obligaciones y otros valores negociables  - 4.034.489 - 4.034.489 Derivados   - 29.069 - 29.069 Total  - 6.201.200 - 6.201.200 31/12/2021 Nivel 1 Nivel 2 Nivel 3 Saldo total Miles de euros Deudas con entidades de cr\u00e9dito  - 2.835.469 - 2.835.469 Obligaciones y otros valores negociables  - 4.401.637 - 4.401.637 Derivados   - 21.565 - 21.565 Total  - 7.258.671 - 7.258.671 Dentro del Nivel 2 se encuentran las deudas con entidades de cr\u00e9dito, las obligaciones y otras emisiones y los derivados de tipo de cambio y tipo de inter\u00e9s. No existen diferencias significativas entre el valor razonable y el valor neto contable de este ep\u00edgrafe a 31 de diciembre de 2022 y 2021. Para la realizaci\u00f3n de las estimaciones de valor razonable el Grupo ha reflejado las hip\u00f3tesis de los partici- pantes del mercado en base la informaci\u00f3n disponible y las condiciones del mercado en la fecha de realiza- ci\u00f3n de estos Estados Financieros, incorpor\u00e1ndose, en su caso, las primas de riesgo que surgir\u00edan del incre- mento de la incertidumbre generada por la coyuntura macroecon\u00f3mica actual, ajustado las estimaciones por el riesgo de cr\u00e9dito propio y de la contraparte y considerado si los inputs no observables se han vuelto signi- ficativos.  20 Instrumentos financieros derivados El Grupo, de acuerdo con su Pol\u00edtica de Gesti\u00f3n del riesgo financiero, tiene contratados instrumentos finan- cieros derivados de cuatro tipos: Swaps de cobertura de tipo de inter\u00e9s, Swaps de precobertura de tipo de inter\u00e9s, Cross Currency Swaps y Forward de divisa. El primero de ellos, el Swap de cobertura de tipo de inter\u00e9s, consiste en que mediante una permuta financiera se transforma deuda a tipo de inter\u00e9s variable por deuda a tipo de inter\u00e9s fijo, donde los flujos de efectivo futuros a cubrir son los pagos por intereses. Los Swaps de precobertura de tipo de inter\u00e9s cubren el coste financiero de transacciones futuras previstas, alta- mente probables. Del mismo modo, el Cross Currency Swap permite el intercambio de deuda a tipo fijo o variable en d\u00f3lares americanos por deuda a tipo fijo o variable en euros, pudiendo cubrir los flujos futuros de intereses y capital en d\u00f3lares americanos, los flujos futuros de intereses a tipo variable en euros y el riesgo de tipo de cambio por transacciones previstas y altamente probables en d\u00f3lares americanos. Por \u00faltimo, los Forward de  divisa cubren  el riesgo de  tipo  de  cambio por transacciones previstas y altamente probables denominadas en una moneda distinta del euro.  La aplicaci\u00f3n de la NIIF 13 (v\u00e9ase nota 4 n), sobre valoraci\u00f3n de instrumentos financieros derivados e instru- mentos de cobertura de la presente Memoria, requiere un ajuste en las t\u00e9cnicas de valoraci\u00f3n para la obten- ci\u00f3n del valor razonable de los instrumentos financieros derivados. El Grupo incorpora un ajuste por riesgo de cr\u00e9dito con el objetivo de reflejar tanto el riesgo propio como de la contraparte en el valor razonable de los instrumentos financieros derivados a partir de modelos de valoraci\u00f3n generalmente aceptados.  Con el fin de eliminar el riesgo de cr\u00e9dito incorporado en los Cross Currency Swap contratados como cober- tura del tipo de cambio de las emisiones de USPP en 2015 se formalizaron con las contrapartes acuerdos de cesi\u00f3n en garant\u00eda con intercambio de colaterales.  Para la determinaci\u00f3n del ajuste por riesgo de cr\u00e9dito del resto de derivados se ha aplicado una t\u00e9cnica basada en el c\u00e1lculo a trav\u00e9s de simulaciones de la exposici\u00f3n total esperada (que incorpora tanto la expo- sici\u00f3n actual  como  la  exposici\u00f3n potencial)  ajustada  por  la  probabilidad  de  incumplimiento a  lo  largo  del tiempo y por la severidad (o p\u00e9rdida potencial) asignada al Grupo y a cada una de las contrapartes.  La exposici\u00f3n total esperada de los instrumentos financieros derivados se obtiene usando inputs observables de mercado, como curvas de tipo de inter\u00e9s, tipo de cambio y volatilidades seg\u00fan las condiciones del mercado en la fecha de valoraci\u00f3n.  Los inputs aplicados para la obtenci\u00f3n del riesgo de cr\u00e9dito propio y de contraparte (determinaci\u00f3n de la probabilidad de default) se basan principalmente en la aplicaci\u00f3n de spreads de cr\u00e9dito propios o de empre- sas comparables actualmente negociados en el mercado (curvas de CDS - Credit Default Swaps-, TIR emi- siones de deuda).  Asimismo, para el ajuste del valor razonable al riesgo de cr\u00e9dito se han tenido en consideraci\u00f3n las mejoras crediticias relativas a garant\u00edas o colaterales a la hora de determinar la tasa de severidad a aplicar para cada una de las posiciones. La severidad se considera \u00fanica en el tiempo. En el caso de no existir mejoras credi- ticias relativas a garant\u00edas o colaterales, se ha aplicado como tasa m\u00ednima de recuperaci\u00f3n un 40%.  El Grupo ha determinado que la mayor\u00eda de los inputs empleados para la determinaci\u00f3n del valor razonable de los instrumentos financieros derivados, en base a los niveles jer\u00e1rquicos detallados en la nota 4, se en- cuentran en el Nivel 2 de la jerarqu\u00eda, incluyendo los datos empleados para el c\u00e1lculo del ajuste por riesgo de cr\u00e9dito propio y de contraparte.   En el caso de haberse aplicado inputs clasificados como de Nivel 3, el Grupo ha procedido a calcular  el impacto  que  supone  la  introducci\u00f3n  de  dichos  datos  sobre  el  total  de  la  valoraci\u00f3n  de  los  instrumentos financieros derivados y ha determinado que no son significativos. Por tanto, el Grupo ha determinado que el total de la cartera de instrumentos financieros derivados se clasifica en el Nivel 2 de la jerarqu\u00eda.  El Grupo utiliza precios medios de mercado como inputs observables a partir de fuentes de informaci\u00f3n ex- ternas reconocidas en los mercados financieros.   El detalle a 31 de diciembre de 2022 y 2021 de las coberturas en miles de euros se muestra a continuaci\u00f3n:  2022 Tipo medio derivado  No corriente Corriente Plazo de Miles de euros  Principal venci- A pagar  A cobrar  Activo  Pasivo  Activo  Pasivo miento Cobertura de tipo de inter\u00e9s:   - Cobertura de flujos de caja:   389.542 miles de Swap de tipo de inter\u00e9s Hasta 2031 2,48%  EURIBOR+0,11% 8.065 (78) - - euros - Precobertura de flujos de caja:   Swap de tipo de inter\u00e9s con co- 100.000 miles de Hasta 2029 0,32%  EURIBOR 15.301 - - - mienzo diferido en 2023 euros Swap de tipo de inter\u00e9s con co- 100.000 miles de Hasta 2030 0,06%  EURIBOR 15.878 - - - mienzo diferido en 2024 euros Swap de tipo de inter\u00e9s con co- 200.000 miles de Hasta 2031 0,20%  EURIBOR 28.743 - - - mienzo diferido en 2025 euros Cobertura de tipo de cambio: - Cobertura de inversi\u00f3n neta: 150.000 miles de Cross currency swap d\u00f3lares Hasta 2026 - - - (2.209) - - americanos - Precobertura de flujos de caja:   65.230 miles de Cross currency swap d\u00f3lares Hasta 2031 - - - (7.200) - - americanos 208.673 miles de Forward de Divisa d\u00f3lares Hasta 2032 - - 5.709 (3.525) - (6.864) americanos 28.543 miles de Forward de Divisa Hasta 2023 - - - - - (189) reales brasile\u00f1os Cobertura de tipo de inter\u00e9s y de cambio - Cobertura de flujos de caja (Cross currency swap): 250.000 miles de Cobertura de tipo de inter\u00e9s 4,12% 2.917 - - - d\u00f3lares Hasta 2035 5,35% USD EUR americanos Cobertura de tipo de cambio  28.459 - - - - Cobertura de flujos de caja (Cross currency swap): Cobertura de tipo de inter\u00e9s 77.567 miles de 5.544 - - - 2,975% d\u00f3lares Hasta 2031 EURIBOR + 0,38% USD Cobertura de tipo de cambio  - (9.004) - - americanos Total   110.616 (22.016) - (7.053 ) 2021 Tipo medio derivado  No corriente Corriente Miles de euros Principal  Plazo de vencimiento A pagar   A cobrar  Activo Pasivo Activo Pasivo Cobertura de tipo de inter\u00e9s: - Cobertura de flujos de caja:   225.000 miles Swap de tipo de inter\u00e9s Hasta 2022 0,34%  EURIBOR  - - - (1.544) de euros 43.621 miles de Swap de tipo de inter\u00e9s Hasta 2031 0,72%  EURIBOR+0,38% 438 - - - euros - Precobertura de flujos de caja: Swap de tipo de inter\u00e9s con 20.921 miles de Hasta 2031 0,72%  EURIBOR+0,38% 207 - - - comienzo diferido en 2022 euros Swap de tipo de inter\u00e9s con 100.000 miles Hasta 2029 0,32%  EURIBOR  1.131 (1.673) - - comienzo diferido en 2023 de euros Swap de tipo de inter\u00e9s con 100.000 miles Hasta 2030 0,06%  EURIBOR  1.655 - - - comienzo diferido en 2024 de euros Swap de tipo de inter\u00e9s con 200.000 miles Hasta 2031 0,20%  EURIBOR  2.758 - - - comienzo diferido en 2025 de euros Cobertura de tipo de cambio: - Cobertura de inversi\u00f3n neta: 150.000 miles Cross currency swap de d\u00f3lares Hasta 2026 -   -   6.099 - - - americanos - Precobertura de flujos de caja: 161.432 miles Cross currency swap de d\u00f3lares Hasta 2031      - (9.535) - - americanos 189.598 miles Forward de Divisa de d\u00f3lares Hasta 2025 -      - (5.228) 33 (3.585) americanos 45.885 miles de Forward de Divisa reales Hasta 2022 -      - - 58 - brasile\u00f1os Cobertura de tipo de inter\u00e9s y de cambio: - Cobertura de flujos de caja (Cross currency swap): Cobertura de tipo de  4,12% EUR 5,35% USD  (3.496) - - - inter\u00e9s 250.000 miles de d\u00f3lares Hasta 2035 Cobertura de tipo de  americanos -   -   14.800 - - - cambio Total         23.592 (16.436) 91 (5.129) Asimismo, el detalle de los flujos esperados de los derivados a 31 de diciembre de 2022 y 2021 que son similares a sus impactos esperados en resultados, por a\u00f1os de ocurrencia es como sigue: Vencimientos a 31 de diciembre de 2022 2028 y Plazo de si- Miles de euros  Principal 2023  2024  2025  2026  2027 Total vencimiento guien- tes Cobertura de tipo de inter\u00e9s: - Cobertura de flujos de caja: 389.542 mi- Swap de tipo de inter\u00e9s Hasta 2031 - (78) - - - 8.065 7.987 les de euros - Precobertura de flujos de caja: Swap de tipo de inter\u00e9s con comienzo 100.000 mi- Hasta 2029 - - - - - 15.301 15.301 diferido en 2023 les de euros Swap de tipo de inter\u00e9s con comienzo 100.000 mi- Hasta 2030 - - - - - 15.878 15.878 diferido en 2024 les de euros Swap de tipo de inter\u00e9s con comienzo 200.000 mi- Hasta 2031 - - - - - 28.743 28.743 diferido en 2025 les de euros Cobertura de tipo de cambio: - Cobertura de inversi\u00f3n neta: 150.000 mi- les de d\u00f3la- Cross currency swap Hasta 2026 - - - (2.209) - - (2.209) res america- nos - Precobertura de flujos de caja: 65.230 miles Cross currency swap de d\u00f3lares Hasta 2031 - - - - - (7.200) (7.200) americanos 203.710 mi- les de d\u00f3la- Forward de Divisa Hasta 2032 (6.864) (1.916) (255) 867 1.214 2.275 (4.679) res america- nos 45.885 miles Forward de Divisa de reales Hasta 2023 (189) - - - - - (189) brasile\u00f1os Cobertura de tipo de inter\u00e9s y de cambio - Cobertura de flujos de caja (Cross currency swap): Cobertura de tipo de inter\u00e9s 250.000 mi- - - (78) - - 2.995 2.917 les de d\u00f3la- Hasta 2035 res america- Cobertura de tipo de cambio  - - 17.075 - - 11.384 28.459 nos - Cobertura de flujos de caja (Cross currency swap): Cobertura de tipo de inter\u00e9s 77.567 miles - - - - - 5.543 5.543 de d\u00f3lares Hasta 2031 Cobertura de tipo de cambio  - - - - - (9.004) (9.004) americanos Total (7.053) (1.994) 16.742 (1.342) 1.214 73.980 81.547 Vencimientos a 31 de diciembre de 2021 2027 y Plazo de si- Miles de euros  Principal venci- 2022  2023  2024  2025  2026 Total guien- miento tes Cobertura de tipo de inter\u00e9s: - Cobertura de flujos de caja:   225.000 miles Swap de tipo de inter\u00e9s Hasta 2022 (1.544) - - - - - (1.544) de euros 43.621 miles Swap de tipo de inter\u00e9s Hasta 2031 - - - - - 438 433 de euros - Precobertura de flujos de caja:   Swap de tipo de inter\u00e9s con comienzo 20.921 miles Hasta 2031 - - - - - 207 207 diferido en 2022 de euros Swap de tipo de inter\u00e9s con comienzo 100.000 miles Hasta 2029 - - - - - (542) (542) diferido en 2023 de euros Swap de tipo de inter\u00e9s con comienzo 100.000 miles Hasta 2030 - - - - - 1.655 1.655 diferido en 2024 de euros Swap de tipo de inter\u00e9s con comienzo 200.000 miles Hasta 2031 - - - - - 2.758 2.758 diferido en 2025 de euros Cobertura de tipo de cambio: - Cobertura de inversi\u00f3n neta:   150.000 miles Cross currency swap de d\u00f3lares Hasta 2026 - - - - 6.099 - 6.099 americanos - Precobertura de flujos de caja:   161.432 miles Cross currency swap de d\u00f3lares Hasta 2031 - - - - - (9.535) (9.535) americanos 189.598 miles Forward de Divisa de d\u00f3lares Hasta 2025 (3.552) (3.486) (1.383) (359) - - (8.781) americanos 45.885 miles Forward de Divisa de reales Hasta 2022 58 - - - - - 58 brasile\u00f1os Cobertura de tipo de inter\u00e9s y de cambio - Cobertura de flujos de caja (Cross currency swap): Cobertura de tipo de inter\u00e9s 250.000 miles - - - (644) - (2.852) (3.496) de d\u00f3lares Hasta 2035 americanos Cobertura de tipo de cambio  - - - 8.880 - 5.920 14.800 Total   (5.038) (3.486) (1.383) 7.877 6.099 (1.951) 2.118 Durante los ejercicios 2022 y 2021 el Grupo ha reconocido como consecuencia de las coberturas de flujos de efectivo realizadas los siguientes importes:     2022   2.021 Inversio- Inversio- nes con- nes con- Pasivos Pasivos tabiliza- tabiliza- Finan- Deriva- Finan- Deriva- das apli- das apli- cieros a dos de cieros a dos de cando el Total cando el Total coste Cober- coste Cober- m\u00e9todo m\u00e9todo amorti- tura (*) amorti- tura (*) de la par- de la par- zado zado ticipa- ticipa- ci\u00f3n ci\u00f3n (P\u00e9rdidas) / Ganancias en el Estado de Resultados 9.052 10.456 - 19.508 3.540 2.408 - 5.948 Consolidado (P\u00e9rdidas) / Ganancias en el Estado de Otro  63.929 405 9.369 73.703 12.503 (8.516) 23.938 27.925 Resultado Global Consolidado Total  72.981 10.861 9.369 93.211 16.043 (6.108) 23.938 33.873 (*) Corresponde a una cobertura de flujos de efectivo de una transacci\u00f3n prevista altamente probable. 21 Acreedores comerciales y otras cuentas a pagar El detalle de este ep\u00edgrafe del Estado de situaci\u00f3n financiera consolidado a 31 de diciembre de 2022 y 2021 es como sigue:  Miles de euros 2022 2021 Proveedores  485.624 382.309 Otros acreedores  661.232 409.459 Pasivo por impuesto corriente (nota 22)  13.320 10.887 Total  1.160.176 802.655 El ep\u00edgrafe de  Proveedores corresponde fundamentalmente a importes pendientes  de vencimiento por la compra de bienes y servicios por operaciones de tr\u00e1fico, fundamentalmente a deudas derivadas de los tra- bajos de reparaci\u00f3n y mantenimiento, de modificaci\u00f3n de instalaciones.   Dentro de este ep\u00edgrafe se incluyen tambi\u00e9n  pasivos corrientes  de  contratos con clientes por importe  de 37.033 miles de euros a 31 de diciembre de 2022 (54.541 miles de euros a 31 de diciembre de 2021). Estos pasivos fueron registrados como anticipos recibidos a cuenta de futuras prestaciones de servicios principal- mente de capacidad de telecomunicaciones, de realizaci\u00f3n de trabajos de modificaci\u00f3n de l\u00edneas a terceros y de prestaci\u00f3n de servicios de seguros. Otros acreedores corresponden fundamentalmente a partidas pendientes de rembolsar procedentes de las tarifas provisionales que se han generado por la diferencia entre el importe liquidado y cobrado y el ingreso devengado por los servicios de transporte de electricidad en los ejercicios 2016 a 2022 (v\u00e9anse notas 3 y 24). Asimismo, dicho ep\u00edgrafe tambi\u00e9n recoge el saldo de Hacienda P\u00fablica acreedora por IVA, remunera- ciones pendientes de pago y otros importes pendientes de vencimiento por la compra de bienes y servicios. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialLiabilitiesExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-627": {
   "value": "Los cambios en los pasivos en los instrumentos de financiaci\u00f3n a lo largo del ejercicio 2022 diferenciando entre los que suponen y los que no suponen movimientos de flujos de efectivo son los siguientes:  Movimientos que no suponen flujos Movimientos de efectivo 31/12/2021 de flujos de 31/12/2022 efectivo Variaciones de tipo Otras  Miles de euros de cambio Variaciones Emisiones en euros  4.026.747 (400.000) - 14.995 3.641.742 Emisiones en d\u00f3lares americanos  374.890 (5.521) 23.424 (46) 392.747 Deuda bancaria en euros   2.439.008 (820.221) - (2.246) 1.616.541 Deuda bancaria en divisas  396.461 84.024 20.662 19.954 521.101 Total Deuda  7.237.106 (1.141.718) 44.086 32.657 6.172.131 Dentro de Otras variaciones en Deuda bancaria en divisas se incluye principalmente la deuda de Axess en el momento de su incorporaci\u00f3n al per\u00edmetro de consolidaci\u00f3n de Redeia (ver Nota 6). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-576": {
   "value": "   Otros pasivos financieros   El detalle de Otros pasivos financieros a 31 de diciembre de 2022 y 2021 es como sigue :  31/12/2022 31/12/2021 Miles de euros Deudas a largo plazo por arrendamientos  18.343 19.865 Proveedores de inmovilizado y otras deudas  34.288 37.399 Total a largo plazo  52.631 57.264 Dividendo a pagar (nota 13)  147.143 147.061 Deudas a corto plazo por arrendamientos  7.537 8.068 Proveedores de inmovilizado   387.603 315.374 Otras deudas  441.149 282.200 Total a corto plazo  983.432 752.703 Total Otros Pasivos Financieros  1.036.063 809.967 El saldo de Proveedores de inmovilizado recoge fundamentalmente los saldos derivados de la construcci\u00f3n de instalaciones el\u00e9ctricas y de telecomunicaciones. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherCurrentLiabilitiesExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-521": {
   "value": "20 Instrumentos financieros derivados El Grupo, de acuerdo con su Pol\u00edtica de Gesti\u00f3n del riesgo financiero, tiene contratados instrumentos finan- cieros derivados de cuatro tipos: Swaps de cobertura de tipo de inter\u00e9s, Swaps de precobertura de tipo de inter\u00e9s, Cross Currency Swaps y Forward de divisa. El primero de ellos, el Swap de cobertura de tipo de inter\u00e9s, consiste en que mediante una permuta financiera se transforma deuda a tipo de inter\u00e9s variable por deuda a tipo de inter\u00e9s fijo, donde los flujos de efectivo futuros a cubrir son los pagos por intereses. Los Swaps de precobertura de tipo de inter\u00e9s cubren el coste financiero de transacciones futuras previstas, alta- mente probables. Del mismo modo, el Cross Currency Swap permite el intercambio de deuda a tipo fijo o variable en d\u00f3lares americanos por deuda a tipo fijo o variable en euros, pudiendo cubrir los flujos futuros de intereses y capital en d\u00f3lares americanos, los flujos futuros de intereses a tipo variable en euros y el riesgo de tipo de cambio por transacciones previstas y altamente probables en d\u00f3lares americanos. Por \u00faltimo, los Forward de  divisa cubren  el riesgo de  tipo  de  cambio por transacciones previstas y altamente probables denominadas en una moneda distinta del euro.  La aplicaci\u00f3n de la NIIF 13 (v\u00e9ase nota 4 n), sobre valoraci\u00f3n de instrumentos financieros derivados e instru- mentos de cobertura de la presente Memoria, requiere un ajuste en las t\u00e9cnicas de valoraci\u00f3n para la obten- ci\u00f3n del valor razonable de los instrumentos financieros derivados. El Grupo incorpora un ajuste por riesgo de cr\u00e9dito con el objetivo de reflejar tanto el riesgo propio como de la contraparte en el valor razonable de los instrumentos financieros derivados a partir de modelos de valoraci\u00f3n generalmente aceptados.  Con el fin de eliminar el riesgo de cr\u00e9dito incorporado en los Cross Currency Swap contratados como cober- tura del tipo de cambio de las emisiones de USPP en 2015 se formalizaron con las contrapartes acuerdos de cesi\u00f3n en garant\u00eda con intercambio de colaterales.  Para la determinaci\u00f3n del ajuste por riesgo de cr\u00e9dito del resto de derivados se ha aplicado una t\u00e9cnica basada en el c\u00e1lculo a trav\u00e9s de simulaciones de la exposici\u00f3n total esperada (que incorpora tanto la expo- sici\u00f3n actual  como  la  exposici\u00f3n potencial)  ajustada  por  la  probabilidad  de  incumplimiento a  lo  largo  del tiempo y por la severidad (o p\u00e9rdida potencial) asignada al Grupo y a cada una de las contrapartes.  La exposici\u00f3n total esperada de los instrumentos financieros derivados se obtiene usando inputs observables de mercado, como curvas de tipo de inter\u00e9s, tipo de cambio y volatilidades seg\u00fan las condiciones del mercado en la fecha de valoraci\u00f3n.  Los inputs aplicados para la obtenci\u00f3n del riesgo de cr\u00e9dito propio y de contraparte (determinaci\u00f3n de la probabilidad de default) se basan principalmente en la aplicaci\u00f3n de spreads de cr\u00e9dito propios o de empre- sas comparables actualmente negociados en el mercado (curvas de CDS - Credit Default Swaps-, TIR emi- siones de deuda).  Asimismo, para el ajuste del valor razonable al riesgo de cr\u00e9dito se han tenido en consideraci\u00f3n las mejoras crediticias relativas a garant\u00edas o colaterales a la hora de determinar la tasa de severidad a aplicar para cada una de las posiciones. La severidad se considera \u00fanica en el tiempo. En el caso de no existir mejoras credi- ticias relativas a garant\u00edas o colaterales, se ha aplicado como tasa m\u00ednima de recuperaci\u00f3n un 40%.  El Grupo ha determinado que la mayor\u00eda de los inputs empleados para la determinaci\u00f3n del valor razonable de los instrumentos financieros derivados, en base a los niveles jer\u00e1rquicos detallados en la nota 4, se en- cuentran en el Nivel 2 de la jerarqu\u00eda, incluyendo los datos empleados para el c\u00e1lculo del ajuste por riesgo de cr\u00e9dito propio y de contraparte.   En el caso de haberse aplicado inputs clasificados como de Nivel 3, el Grupo ha procedido a calcular  el impacto  que  supone  la  introducci\u00f3n  de  dichos  datos  sobre  el  total  de  la  valoraci\u00f3n  de  los  instrumentos financieros derivados y ha determinado que no son significativos. Por tanto, el Grupo ha determinado que el total de la cartera de instrumentos financieros derivados se clasifica en el Nivel 2 de la jerarqu\u00eda.  El Grupo utiliza precios medios de mercado como inputs observables a partir de fuentes de informaci\u00f3n ex- ternas reconocidas en los mercados financieros. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRiskManagementStrategyRelatedToHedgeAccountingExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-628": {
   "value": "20 Instrumentos financieros derivados El Grupo, de acuerdo con su Pol\u00edtica de Gesti\u00f3n del riesgo financiero, tiene contratados instrumentos finan- cieros derivados de cuatro tipos: Swaps de cobertura de tipo de inter\u00e9s, Swaps de precobertura de tipo de inter\u00e9s, Cross Currency Swaps y Forward de divisa. El primero de ellos, el Swap de cobertura de tipo de inter\u00e9s, consiste en que mediante una permuta financiera se transforma deuda a tipo de inter\u00e9s variable por deuda a tipo de inter\u00e9s fijo, donde los flujos de efectivo futuros a cubrir son los pagos por intereses. Los Swaps de precobertura de tipo de inter\u00e9s cubren el coste financiero de transacciones futuras previstas, alta- mente probables. Del mismo modo, el Cross Currency Swap permite el intercambio de deuda a tipo fijo o variable en d\u00f3lares americanos por deuda a tipo fijo o variable en euros, pudiendo cubrir los flujos futuros de intereses y capital en d\u00f3lares americanos, los flujos futuros de intereses a tipo variable en euros y el riesgo de tipo de cambio por transacciones previstas y altamente probables en d\u00f3lares americanos. Por \u00faltimo, los Forward de  divisa cubren  el riesgo de  tipo  de  cambio por transacciones previstas y altamente probables denominadas en una moneda distinta del euro.  La aplicaci\u00f3n de la NIIF 13 (v\u00e9ase nota 4 n), sobre valoraci\u00f3n de instrumentos financieros derivados e instru- mentos de cobertura de la presente Memoria, requiere un ajuste en las t\u00e9cnicas de valoraci\u00f3n para la obten- ci\u00f3n del valor razonable de los instrumentos financieros derivados. El Grupo incorpora un ajuste por riesgo de cr\u00e9dito con el objetivo de reflejar tanto el riesgo propio como de la contraparte en el valor razonable de los instrumentos financieros derivados a partir de modelos de valoraci\u00f3n generalmente aceptados.  Con el fin de eliminar el riesgo de cr\u00e9dito incorporado en los Cross Currency Swap contratados como cober- tura del tipo de cambio de las emisiones de USPP en 2015 se formalizaron con las contrapartes acuerdos de cesi\u00f3n en garant\u00eda con intercambio de colaterales.  Para la determinaci\u00f3n del ajuste por riesgo de cr\u00e9dito del resto de derivados se ha aplicado una t\u00e9cnica basada en el c\u00e1lculo a trav\u00e9s de simulaciones de la exposici\u00f3n total esperada (que incorpora tanto la expo- sici\u00f3n actual  como  la  exposici\u00f3n potencial)  ajustada  por  la  probabilidad  de  incumplimiento a  lo  largo  del tiempo y por la severidad (o p\u00e9rdida potencial) asignada al Grupo y a cada una de las contrapartes.  La exposici\u00f3n total esperada de los instrumentos financieros derivados se obtiene usando inputs observables de mercado, como curvas de tipo de inter\u00e9s, tipo de cambio y volatilidades seg\u00fan las condiciones del mercado en la fecha de valoraci\u00f3n.  Los inputs aplicados para la obtenci\u00f3n del riesgo de cr\u00e9dito propio y de contraparte (determinaci\u00f3n de la probabilidad de default) se basan principalmente en la aplicaci\u00f3n de spreads de cr\u00e9dito propios o de empre- sas comparables actualmente negociados en el mercado (curvas de CDS - Credit Default Swaps-, TIR emi- siones de deuda).  Asimismo, para el ajuste del valor razonable al riesgo de cr\u00e9dito se han tenido en consideraci\u00f3n las mejoras crediticias relativas a garant\u00edas o colaterales a la hora de determinar la tasa de severidad a aplicar para cada una de las posiciones. La severidad se considera \u00fanica en el tiempo. En el caso de no existir mejoras credi- ticias relativas a garant\u00edas o colaterales, se ha aplicado como tasa m\u00ednima de recuperaci\u00f3n un 40%.  El Grupo ha determinado que la mayor\u00eda de los inputs empleados para la determinaci\u00f3n del valor razonable de los instrumentos financieros derivados, en base a los niveles jer\u00e1rquicos detallados en la nota 4, se en- cuentran en el Nivel 2 de la jerarqu\u00eda, incluyendo los datos empleados para el c\u00e1lculo del ajuste por riesgo de cr\u00e9dito propio y de contraparte.   En el caso de haberse aplicado inputs clasificados como de Nivel 3, el Grupo ha procedido a calcular  el impacto  que  supone  la  introducci\u00f3n  de  dichos  datos  sobre  el  total  de  la  valoraci\u00f3n  de  los  instrumentos financieros derivados y ha determinado que no son significativos. Por tanto, el Grupo ha determinado que el total de la cartera de instrumentos financieros derivados se clasifica en el Nivel 2 de la jerarqu\u00eda.  El Grupo utiliza precios medios de mercado como inputs observables a partir de fuentes de informaci\u00f3n ex- ternas reconocidas en los mercados financieros.   El detalle a 31 de diciembre de 2022 y 2021 de las coberturas en miles de euros se muestra a continuaci\u00f3n:  2022 Tipo medio derivado  No corriente Corriente Plazo de Miles de euros  Principal venci- A pagar  A cobrar  Activo  Pasivo  Activo  Pasivo miento Cobertura de tipo de inter\u00e9s:   - Cobertura de flujos de caja:   389.542 miles de Swap de tipo de inter\u00e9s Hasta 2031 2,48%  EURIBOR+0,11% 8.065 (78) - - euros - Precobertura de flujos de caja:   Swap de tipo de inter\u00e9s con co- 100.000 miles de Hasta 2029 0,32%  EURIBOR 15.301 - - - mienzo diferido en 2023 euros Swap de tipo de inter\u00e9s con co- 100.000 miles de Hasta 2030 0,06%  EURIBOR 15.878 - - - mienzo diferido en 2024 euros Swap de tipo de inter\u00e9s con co- 200.000 miles de Hasta 2031 0,20%  EURIBOR 28.743 - - - mienzo diferido en 2025 euros Cobertura de tipo de cambio: - Cobertura de inversi\u00f3n neta: 150.000 miles de Cross currency swap d\u00f3lares Hasta 2026 - - - (2.209) - - americanos - Precobertura de flujos de caja:   65.230 miles de Cross currency swap d\u00f3lares Hasta 2031 - - - (7.200) - - americanos 208.673 miles de Forward de Divisa d\u00f3lares Hasta 2032 - - 5.709 (3.525) - (6.864) americanos 28.543 miles de Forward de Divisa Hasta 2023 - - - - - (189) reales brasile\u00f1os Cobertura de tipo de inter\u00e9s y de cambio - Cobertura de flujos de caja (Cross currency swap): 250.000 miles de Cobertura de tipo de inter\u00e9s 4,12% 2.917 - - - d\u00f3lares Hasta 2035 5,35% USD EUR americanos Cobertura de tipo de cambio  28.459 - - - - Cobertura de flujos de caja (Cross currency swap): Cobertura de tipo de inter\u00e9s 77.567 miles de 5.544 - - - 2,975% d\u00f3lares Hasta 2031 EURIBOR + 0,38% USD Cobertura de tipo de cambio  - (9.004) - - americanos Total   110.616 (22.016) - (7.053 ) 2021 Tipo medio derivado  No corriente Corriente Miles de euros Principal  Plazo de vencimiento A pagar   A cobrar  Activo Pasivo Activo Pasivo Cobertura de tipo de inter\u00e9s: - Cobertura de flujos de caja:   225.000 miles Swap de tipo de inter\u00e9s Hasta 2022 0,34%  EURIBOR  - - - (1.544) de euros 43.621 miles de Swap de tipo de inter\u00e9s Hasta 2031 0,72%  EURIBOR+0,38% 438 - - - euros - Precobertura de flujos de caja: Swap de tipo de inter\u00e9s con 20.921 miles de Hasta 2031 0,72%  EURIBOR+0,38% 207 - - - comienzo diferido en 2022 euros Swap de tipo de inter\u00e9s con 100.000 miles Hasta 2029 0,32%  EURIBOR  1.131 (1.673) - - comienzo diferido en 2023 de euros Swap de tipo de inter\u00e9s con 100.000 miles Hasta 2030 0,06%  EURIBOR  1.655 - - - comienzo diferido en 2024 de euros Swap de tipo de inter\u00e9s con 200.000 miles Hasta 2031 0,20%  EURIBOR  2.758 - - - comienzo diferido en 2025 de euros Cobertura de tipo de cambio: - Cobertura de inversi\u00f3n neta: 150.000 miles Cross currency swap de d\u00f3lares Hasta 2026 -   -   6.099 - - - americanos - Precobertura de flujos de caja: 161.432 miles Cross currency swap de d\u00f3lares Hasta 2031      - (9.535) - - americanos 189.598 miles Forward de Divisa de d\u00f3lares Hasta 2025 -      - (5.228) 33 (3.585) americanos 45.885 miles de Forward de Divisa reales Hasta 2022 -      - - 58 - brasile\u00f1os Cobertura de tipo de inter\u00e9s y de cambio: - Cobertura de flujos de caja (Cross currency swap): Cobertura de tipo de  4,12% EUR 5,35% USD  (3.496) - - - inter\u00e9s 250.000 miles de d\u00f3lares Hasta 2035 Cobertura de tipo de  americanos -   -   14.800 - - - cambio Total         23.592 (16.436) 91 (5.129) Asimismo, el detalle de los flujos esperados de los derivados a 31 de diciembre de 2022 y 2021 que son similares a sus impactos esperados en resultados, por a\u00f1os de ocurrencia es como sigue: Vencimientos a 31 de diciembre de 2022 2028 y Plazo de si- Miles de euros  Principal 2023  2024  2025  2026  2027 Total vencimiento guien- tes Cobertura de tipo de inter\u00e9s: - Cobertura de flujos de caja: 389.542 mi- Swap de tipo de inter\u00e9s Hasta 2031 - (78) - - - 8.065 7.987 les de euros - Precobertura de flujos de caja: Swap de tipo de inter\u00e9s con comienzo 100.000 mi- Hasta 2029 - - - - - 15.301 15.301 diferido en 2023 les de euros Swap de tipo de inter\u00e9s con comienzo 100.000 mi- Hasta 2030 - - - - - 15.878 15.878 diferido en 2024 les de euros Swap de tipo de inter\u00e9s con comienzo 200.000 mi- Hasta 2031 - - - - - 28.743 28.743 diferido en 2025 les de euros Cobertura de tipo de cambio: - Cobertura de inversi\u00f3n neta: 150.000 mi- les de d\u00f3la- Cross currency swap Hasta 2026 - - - (2.209) - - (2.209) res america- nos - Precobertura de flujos de caja: 65.230 miles Cross currency swap de d\u00f3lares Hasta 2031 - - - - - (7.200) (7.200) americanos 203.710 mi- les de d\u00f3la- Forward de Divisa Hasta 2032 (6.864) (1.916) (255) 867 1.214 2.275 (4.679) res america- nos 45.885 miles Forward de Divisa de reales Hasta 2023 (189) - - - - - (189) brasile\u00f1os Cobertura de tipo de inter\u00e9s y de cambio - Cobertura de flujos de caja (Cross currency swap): Cobertura de tipo de inter\u00e9s 250.000 mi- - - (78) - - 2.995 2.917 les de d\u00f3la- Hasta 2035 res america- Cobertura de tipo de cambio  - - 17.075 - - 11.384 28.459 nos - Cobertura de flujos de caja (Cross currency swap): Cobertura de tipo de inter\u00e9s 77.567 miles - - - - - 5.543 5.543 de d\u00f3lares Hasta 2031 Cobertura de tipo de cambio  - - - - - (9.004) (9.004) americanos Total (7.053) (1.994) 16.742 (1.342) 1.214 73.980 81.547 Vencimientos a 31 de diciembre de 2021 2027 y Plazo de si- Miles de euros  Principal venci- 2022  2023  2024  2025  2026 Total guien- miento tes Cobertura de tipo de inter\u00e9s: - Cobertura de flujos de caja:   225.000 miles Swap de tipo de inter\u00e9s Hasta 2022 (1.544) - - - - - (1.544) de euros 43.621 miles Swap de tipo de inter\u00e9s Hasta 2031 - - - - - 438 433 de euros - Precobertura de flujos de caja:   Swap de tipo de inter\u00e9s con comienzo 20.921 miles Hasta 2031 - - - - - 207 207 diferido en 2022 de euros Swap de tipo de inter\u00e9s con comienzo 100.000 miles Hasta 2029 - - - - - (542) (542) diferido en 2023 de euros Swap de tipo de inter\u00e9s con comienzo 100.000 miles Hasta 2030 - - - - - 1.655 1.655 diferido en 2024 de euros Swap de tipo de inter\u00e9s con comienzo 200.000 miles Hasta 2031 - - - - - 2.758 2.758 diferido en 2025 de euros Cobertura de tipo de cambio: - Cobertura de inversi\u00f3n neta:   150.000 miles Cross currency swap de d\u00f3lares Hasta 2026 - - - - 6.099 - 6.099 americanos - Precobertura de flujos de caja:   161.432 miles Cross currency swap de d\u00f3lares Hasta 2031 - - - - - (9.535) (9.535) americanos 189.598 miles Forward de Divisa de d\u00f3lares Hasta 2025 (3.552) (3.486) (1.383) (359) - - (8.781) americanos 45.885 miles Forward de Divisa de reales Hasta 2022 58 - - - - - 58 brasile\u00f1os Cobertura de tipo de inter\u00e9s y de cambio - Cobertura de flujos de caja (Cross currency swap): Cobertura de tipo de inter\u00e9s 250.000 miles - - - (644) - (2.852) (3.496) de d\u00f3lares Hasta 2035 americanos Cobertura de tipo de cambio  - - - 8.880 - 5.920 14.800 Total   (5.038) (3.486) (1.383) 7.877 6.099 (1.951) 2.118 Durante los ejercicios 2022 y 2021 el Grupo ha reconocido como consecuencia de las coberturas de flujos de efectivo realizadas los siguientes importes:     2022   2.021 Inversio- Inversio- nes con- nes con- Pasivos Pasivos tabiliza- tabiliza- Finan- Deriva- Finan- Deriva- das apli- das apli- cieros a dos de cieros a dos de cando el Total cando el Total coste Cober- coste Cober- m\u00e9todo m\u00e9todo amorti- tura (*) amorti- tura (*) de la par- de la par- zado zado ticipa- ticipa- ci\u00f3n ci\u00f3n (P\u00e9rdidas) / Ganancias en el Estado de Resultados 9.052 10.456 - 19.508 3.540 2.408 - 5.948 Consolidado (P\u00e9rdidas) / Ganancias en el Estado de Otro  63.929 405 9.369 73.703 12.503 (8.516) 23.938 27.925 Resultado Global Consolidado Total  72.981 10.861 9.369 93.211 16.043 (6.108) 23.938 33.873 (*) Corresponde a una cobertura de flujos de efectivo de una transacci\u00f3n prevista altamente probable. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDerivativeFinancialInstrumentsExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-624": {
   "value": "20 Instrumentos financieros derivados El Grupo, de acuerdo con su Pol\u00edtica de Gesti\u00f3n del riesgo financiero, tiene contratados instrumentos finan- cieros derivados de cuatro tipos: Swaps de cobertura de tipo de inter\u00e9s, Swaps de precobertura de tipo de inter\u00e9s, Cross Currency Swaps y Forward de divisa. El primero de ellos, el Swap de cobertura de tipo de inter\u00e9s, consiste en que mediante una permuta financiera se transforma deuda a tipo de inter\u00e9s variable por deuda a tipo de inter\u00e9s fijo, donde los flujos de efectivo futuros a cubrir son los pagos por intereses. Los Swaps de precobertura de tipo de inter\u00e9s cubren el coste financiero de transacciones futuras previstas, alta- mente probables. Del mismo modo, el Cross Currency Swap permite el intercambio de deuda a tipo fijo o variable en d\u00f3lares americanos por deuda a tipo fijo o variable en euros, pudiendo cubrir los flujos futuros de intereses y capital en d\u00f3lares americanos, los flujos futuros de intereses a tipo variable en euros y el riesgo de tipo de cambio por transacciones previstas y altamente probables en d\u00f3lares americanos. Por \u00faltimo, los Forward de  divisa cubren  el riesgo de  tipo  de  cambio por transacciones previstas y altamente probables denominadas en una moneda distinta del euro.  La aplicaci\u00f3n de la NIIF 13 (v\u00e9ase nota 4 n), sobre valoraci\u00f3n de instrumentos financieros derivados e instru- mentos de cobertura de la presente Memoria, requiere un ajuste en las t\u00e9cnicas de valoraci\u00f3n para la obten- ci\u00f3n del valor razonable de los instrumentos financieros derivados. El Grupo incorpora un ajuste por riesgo de cr\u00e9dito con el objetivo de reflejar tanto el riesgo propio como de la contraparte en el valor razonable de los instrumentos financieros derivados a partir de modelos de valoraci\u00f3n generalmente aceptados.  Con el fin de eliminar el riesgo de cr\u00e9dito incorporado en los Cross Currency Swap contratados como cober- tura del tipo de cambio de las emisiones de USPP en 2015 se formalizaron con las contrapartes acuerdos de cesi\u00f3n en garant\u00eda con intercambio de colaterales.  Para la determinaci\u00f3n del ajuste por riesgo de cr\u00e9dito del resto de derivados se ha aplicado una t\u00e9cnica basada en el c\u00e1lculo a trav\u00e9s de simulaciones de la exposici\u00f3n total esperada (que incorpora tanto la expo- sici\u00f3n actual  como  la  exposici\u00f3n potencial)  ajustada  por  la  probabilidad  de  incumplimiento a  lo  largo  del tiempo y por la severidad (o p\u00e9rdida potencial) asignada al Grupo y a cada una de las contrapartes.  La exposici\u00f3n total esperada de los instrumentos financieros derivados se obtiene usando inputs observables de mercado, como curvas de tipo de inter\u00e9s, tipo de cambio y volatilidades seg\u00fan las condiciones del mercado en la fecha de valoraci\u00f3n.  Los inputs aplicados para la obtenci\u00f3n del riesgo de cr\u00e9dito propio y de contraparte (determinaci\u00f3n de la probabilidad de default) se basan principalmente en la aplicaci\u00f3n de spreads de cr\u00e9dito propios o de empre- sas comparables actualmente negociados en el mercado (curvas de CDS - Credit Default Swaps-, TIR emi- siones de deuda).  Asimismo, para el ajuste del valor razonable al riesgo de cr\u00e9dito se han tenido en consideraci\u00f3n las mejoras crediticias relativas a garant\u00edas o colaterales a la hora de determinar la tasa de severidad a aplicar para cada una de las posiciones. La severidad se considera \u00fanica en el tiempo. En el caso de no existir mejoras credi- ticias relativas a garant\u00edas o colaterales, se ha aplicado como tasa m\u00ednima de recuperaci\u00f3n un 40%.  El Grupo ha determinado que la mayor\u00eda de los inputs empleados para la determinaci\u00f3n del valor razonable de los instrumentos financieros derivados, en base a los niveles jer\u00e1rquicos detallados en la nota 4, se en- cuentran en el Nivel 2 de la jerarqu\u00eda, incluyendo los datos empleados para el c\u00e1lculo del ajuste por riesgo de cr\u00e9dito propio y de contraparte.   En el caso de haberse aplicado inputs clasificados como de Nivel 3, el Grupo ha procedido a calcular  el impacto  que  supone  la  introducci\u00f3n  de  dichos  datos  sobre  el  total  de  la  valoraci\u00f3n  de  los  instrumentos financieros derivados y ha determinado que no son significativos. Por tanto, el Grupo ha determinado que el total de la cartera de instrumentos financieros derivados se clasifica en el Nivel 2 de la jerarqu\u00eda.  El Grupo utiliza precios medios de mercado como inputs observables a partir de fuentes de informaci\u00f3n ex- ternas reconocidas en los mercados financieros.   El detalle a 31 de diciembre de 2022 y 2021 de las coberturas en miles de euros se muestra a continuaci\u00f3n:  2022 Tipo medio derivado  No corriente Corriente Plazo de Miles de euros  Principal venci- A pagar  A cobrar  Activo  Pasivo  Activo  Pasivo miento Cobertura de tipo de inter\u00e9s:   - Cobertura de flujos de caja:   389.542 miles de Swap de tipo de inter\u00e9s Hasta 2031 2,48%  EURIBOR+0,11% 8.065 (78) - - euros - Precobertura de flujos de caja:   Swap de tipo de inter\u00e9s con co- 100.000 miles de Hasta 2029 0,32%  EURIBOR 15.301 - - - mienzo diferido en 2023 euros Swap de tipo de inter\u00e9s con co- 100.000 miles de Hasta 2030 0,06%  EURIBOR 15.878 - - - mienzo diferido en 2024 euros Swap de tipo de inter\u00e9s con co- 200.000 miles de Hasta 2031 0,20%  EURIBOR 28.743 - - - mienzo diferido en 2025 euros Cobertura de tipo de cambio: - Cobertura de inversi\u00f3n neta: 150.000 miles de Cross currency swap d\u00f3lares Hasta 2026 - - - (2.209) - - americanos - Precobertura de flujos de caja:   65.230 miles de Cross currency swap d\u00f3lares Hasta 2031 - - - (7.200) - - americanos 208.673 miles de Forward de Divisa d\u00f3lares Hasta 2032 - - 5.709 (3.525) - (6.864) americanos 28.543 miles de Forward de Divisa Hasta 2023 - - - - - (189) reales brasile\u00f1os Cobertura de tipo de inter\u00e9s y de cambio - Cobertura de flujos de caja (Cross currency swap): 250.000 miles de Cobertura de tipo de inter\u00e9s 4,12% 2.917 - - - d\u00f3lares Hasta 2035 5,35% USD EUR americanos Cobertura de tipo de cambio  28.459 - - - - Cobertura de flujos de caja (Cross currency swap): Cobertura de tipo de inter\u00e9s 77.567 miles de 5.544 - - - 2,975% d\u00f3lares Hasta 2031 EURIBOR + 0,38% USD Cobertura de tipo de cambio  - (9.004) - - americanos Total   110.616 (22.016) - (7.053 ) 2021 Tipo medio derivado  No corriente Corriente Miles de euros Principal  Plazo de vencimiento A pagar   A cobrar  Activo Pasivo Activo Pasivo Cobertura de tipo de inter\u00e9s: - Cobertura de flujos de caja:   225.000 miles Swap de tipo de inter\u00e9s Hasta 2022 0,34%  EURIBOR  - - - (1.544) de euros 43.621 miles de Swap de tipo de inter\u00e9s Hasta 2031 0,72%  EURIBOR+0,38% 438 - - - euros - Precobertura de flujos de caja: Swap de tipo de inter\u00e9s con 20.921 miles de Hasta 2031 0,72%  EURIBOR+0,38% 207 - - - comienzo diferido en 2022 euros Swap de tipo de inter\u00e9s con 100.000 miles Hasta 2029 0,32%  EURIBOR  1.131 (1.673) - - comienzo diferido en 2023 de euros Swap de tipo de inter\u00e9s con 100.000 miles Hasta 2030 0,06%  EURIBOR  1.655 - - - comienzo diferido en 2024 de euros Swap de tipo de inter\u00e9s con 200.000 miles Hasta 2031 0,20%  EURIBOR  2.758 - - - comienzo diferido en 2025 de euros Cobertura de tipo de cambio: - Cobertura de inversi\u00f3n neta: 150.000 miles Cross currency swap de d\u00f3lares Hasta 2026 -   -   6.099 - - - americanos - Precobertura de flujos de caja: 161.432 miles Cross currency swap de d\u00f3lares Hasta 2031      - (9.535) - - americanos 189.598 miles Forward de Divisa de d\u00f3lares Hasta 2025 -      - (5.228) 33 (3.585) americanos 45.885 miles de Forward de Divisa reales Hasta 2022 -      - - 58 - brasile\u00f1os Cobertura de tipo de inter\u00e9s y de cambio: - Cobertura de flujos de caja (Cross currency swap): Cobertura de tipo de  4,12% EUR 5,35% USD  (3.496) - - - inter\u00e9s 250.000 miles de d\u00f3lares Hasta 2035 Cobertura de tipo de  americanos -   -   14.800 - - - cambio Total         23.592 (16.436) 91 (5.129) Asimismo, el detalle de los flujos esperados de los derivados a 31 de diciembre de 2022 y 2021 que son similares a sus impactos esperados en resultados, por a\u00f1os de ocurrencia es como sigue: Vencimientos a 31 de diciembre de 2022 2028 y Plazo de si- Miles de euros  Principal 2023  2024  2025  2026  2027 Total vencimiento guien- tes Cobertura de tipo de inter\u00e9s: - Cobertura de flujos de caja: 389.542 mi- Swap de tipo de inter\u00e9s Hasta 2031 - (78) - - - 8.065 7.987 les de euros - Precobertura de flujos de caja: Swap de tipo de inter\u00e9s con comienzo 100.000 mi- Hasta 2029 - - - - - 15.301 15.301 diferido en 2023 les de euros Swap de tipo de inter\u00e9s con comienzo 100.000 mi- Hasta 2030 - - - - - 15.878 15.878 diferido en 2024 les de euros Swap de tipo de inter\u00e9s con comienzo 200.000 mi- Hasta 2031 - - - - - 28.743 28.743 diferido en 2025 les de euros Cobertura de tipo de cambio: - Cobertura de inversi\u00f3n neta: 150.000 mi- les de d\u00f3la- Cross currency swap Hasta 2026 - - - (2.209) - - (2.209) res america- nos - Precobertura de flujos de caja: 65.230 miles Cross currency swap de d\u00f3lares Hasta 2031 - - - - - (7.200) (7.200) americanos 203.710 mi- les de d\u00f3la- Forward de Divisa Hasta 2032 (6.864) (1.916) (255) 867 1.214 2.275 (4.679) res america- nos 45.885 miles Forward de Divisa de reales Hasta 2023 (189) - - - - - (189) brasile\u00f1os Cobertura de tipo de inter\u00e9s y de cambio - Cobertura de flujos de caja (Cross currency swap): Cobertura de tipo de inter\u00e9s 250.000 mi- - - (78) - - 2.995 2.917 les de d\u00f3la- Hasta 2035 res america- Cobertura de tipo de cambio  - - 17.075 - - 11.384 28.459 nos - Cobertura de flujos de caja (Cross currency swap): Cobertura de tipo de inter\u00e9s 77.567 miles - - - - - 5.543 5.543 de d\u00f3lares Hasta 2031 Cobertura de tipo de cambio  - - - - - (9.004) (9.004) americanos Total (7.053) (1.994) 16.742 (1.342) 1.214 73.980 81.547 Vencimientos a 31 de diciembre de 2021 2027 y Plazo de si- Miles de euros  Principal venci- 2022  2023  2024  2025  2026 Total guien- miento tes Cobertura de tipo de inter\u00e9s: - Cobertura de flujos de caja:   225.000 miles Swap de tipo de inter\u00e9s Hasta 2022 (1.544) - - - - - (1.544) de euros 43.621 miles Swap de tipo de inter\u00e9s Hasta 2031 - - - - - 438 433 de euros - Precobertura de flujos de caja:   Swap de tipo de inter\u00e9s con comienzo 20.921 miles Hasta 2031 - - - - - 207 207 diferido en 2022 de euros Swap de tipo de inter\u00e9s con comienzo 100.000 miles Hasta 2029 - - - - - (542) (542) diferido en 2023 de euros Swap de tipo de inter\u00e9s con comienzo 100.000 miles Hasta 2030 - - - - - 1.655 1.655 diferido en 2024 de euros Swap de tipo de inter\u00e9s con comienzo 200.000 miles Hasta 2031 - - - - - 2.758 2.758 diferido en 2025 de euros Cobertura de tipo de cambio: - Cobertura de inversi\u00f3n neta:   150.000 miles Cross currency swap de d\u00f3lares Hasta 2026 - - - - 6.099 - 6.099 americanos - Precobertura de flujos de caja:   161.432 miles Cross currency swap de d\u00f3lares Hasta 2031 - - - - - (9.535) (9.535) americanos 189.598 miles Forward de Divisa de d\u00f3lares Hasta 2025 (3.552) (3.486) (1.383) (359) - - (8.781) americanos 45.885 miles Forward de Divisa de reales Hasta 2022 58 - - - - - 58 brasile\u00f1os Cobertura de tipo de inter\u00e9s y de cambio - Cobertura de flujos de caja (Cross currency swap): Cobertura de tipo de inter\u00e9s 250.000 miles - - - (644) - (2.852) (3.496) de d\u00f3lares Hasta 2035 americanos Cobertura de tipo de cambio  - - - 8.880 - 5.920 14.800 Total   (5.038) (3.486) (1.383) 7.877 6.099 (1.951) 2.118 Durante los ejercicios 2022 y 2021 el Grupo ha reconocido como consecuencia de las coberturas de flujos de efectivo realizadas los siguientes importes:     2022   2.021 Inversio- Inversio- nes con- nes con- Pasivos Pasivos tabiliza- tabiliza- Finan- Deriva- Finan- Deriva- das apli- das apli- cieros a dos de cieros a dos de cando el Total cando el Total coste Cober- coste Cober- m\u00e9todo m\u00e9todo amorti- tura (*) amorti- tura (*) de la par- de la par- zado zado ticipa- ticipa- ci\u00f3n ci\u00f3n (P\u00e9rdidas) / Ganancias en el Estado de Resultados 9.052 10.456 - 19.508 3.540 2.408 - 5.948 Consolidado (P\u00e9rdidas) / Ganancias en el Estado de Otro  63.929 405 9.369 73.703 12.503 (8.516) 23.938 27.925 Resultado Global Consolidado Total  72.981 10.861 9.369 93.211 16.043 (6.108) 23.938 33.873 (*) Corresponde a una cobertura de flujos de efectivo de una transacci\u00f3n prevista altamente probable. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsDesignatedAtFairValueThroughProfitOrLossExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-495": {
   "value": "El detalle a 31 de diciembre de 2022 y 2021 de las coberturas en miles de euros se muestra a continuaci\u00f3n:  2022 Tipo medio derivado  No corriente Corriente Plazo de Miles de euros  Principal venci- A pagar  A cobrar  Activo  Pasivo  Activo  Pasivo miento Cobertura de tipo de inter\u00e9s:   - Cobertura de flujos de caja:   389.542 miles de Swap de tipo de inter\u00e9s Hasta 2031 2,48%  EURIBOR+0,11% 8.065 (78) - - euros - Precobertura de flujos de caja:   Swap de tipo de inter\u00e9s con co- 100.000 miles de Hasta 2029 0,32%  EURIBOR 15.301 - - - mienzo diferido en 2023 euros Swap de tipo de inter\u00e9s con co- 100.000 miles de Hasta 2030 0,06%  EURIBOR 15.878 - - - mienzo diferido en 2024 euros Swap de tipo de inter\u00e9s con co- 200.000 miles de Hasta 2031 0,20%  EURIBOR 28.743 - - - mienzo diferido en 2025 euros Cobertura de tipo de cambio: - Cobertura de inversi\u00f3n neta: 150.000 miles de Cross currency swap d\u00f3lares Hasta 2026 - - - (2.209) - - americanos - Precobertura de flujos de caja:   65.230 miles de Cross currency swap d\u00f3lares Hasta 2031 - - - (7.200) - - americanos 208.673 miles de Forward de Divisa d\u00f3lares Hasta 2032 - - 5.709 (3.525) - (6.864) americanos 28.543 miles de Forward de Divisa Hasta 2023 - - - - - (189) reales brasile\u00f1os Cobertura de tipo de inter\u00e9s y de cambio - Cobertura de flujos de caja (Cross currency swap): 250.000 miles de Cobertura de tipo de inter\u00e9s 4,12% 2.917 - - - d\u00f3lares Hasta 2035 5,35% USD EUR americanos Cobertura de tipo de cambio  28.459 - - - - Cobertura de flujos de caja (Cross currency swap): Cobertura de tipo de inter\u00e9s 77.567 miles de 5.544 - - - 2,975% d\u00f3lares Hasta 2031 EURIBOR + 0,38% USD Cobertura de tipo de cambio  - (9.004) - - americanos Total   110.616 (22.016) - (7.053 2021 Tipo medio derivado  No corriente Corriente Miles de euros Principal  Plazo de vencimiento A pagar   A cobrar  Activo Pasivo Activo Pasivo Cobertura de tipo de inter\u00e9s: - Cobertura de flujos de caja:   225.000 miles Swap de tipo de inter\u00e9s Hasta 2022 0,34%  EURIBOR  - - - (1.544) de euros 43.621 miles de Swap de tipo de inter\u00e9s Hasta 2031 0,72%  EURIBOR+0,38% 438 - - - euros - Precobertura de flujos de caja: Swap de tipo de inter\u00e9s con 20.921 miles de Hasta 2031 0,72%  EURIBOR+0,38% 207 - - - comienzo diferido en 2022 euros Swap de tipo de inter\u00e9s con 100.000 miles Hasta 2029 0,32%  EURIBOR  1.131 (1.673) - - comienzo diferido en 2023 de euros Swap de tipo de inter\u00e9s con 100.000 miles Hasta 2030 0,06%  EURIBOR  1.655 - - - comienzo diferido en 2024 de euros Swap de tipo de inter\u00e9s con 200.000 miles Hasta 2031 0,20%  EURIBOR  2.758 - - - comienzo diferido en 2025 de euros Cobertura de tipo de cambio: - Cobertura de inversi\u00f3n neta: 150.000 miles Cross currency swap de d\u00f3lares Hasta 2026 -   -   6.099 - - - americanos - Precobertura de flujos de caja: 161.432 miles Cross currency swap de d\u00f3lares Hasta 2031      - (9.535) - - americanos 189.598 miles Forward de Divisa de d\u00f3lares Hasta 2025 -      - (5.228) 33 (3.585) americanos 45.885 miles de Forward de Divisa reales Hasta 2022 -      - - 58 - brasile\u00f1os Cobertura de tipo de inter\u00e9s y de cambio: - Cobertura de flujos de caja (Cross currency swap): Cobertura de tipo de  4,12% EUR 5,35% USD  (3.496) - - - inter\u00e9s 250.000 miles de d\u00f3lares Hasta 2035 Cobertura de tipo de  americanos -   -   14.800 - - - cambio Total         23.592 (16.436) 91 (5.129) Asimismo, el detalle de los flujos esperados de los derivados a 31 de diciembre de 2022 y 2021 que son similares a sus impactos esperados en resultados, por a\u00f1os de ocurrencia es como sigue:  Vencimientos a 31 de diciembre de 2022 2028 y Plazo de si- Miles de euros  Principal 2023  2024  2025  2026  2027 Total vencimiento guien- tes Cobertura de tipo de inter\u00e9s: - Cobertura de flujos de caja: 389.542 mi- Swap de tipo de inter\u00e9s Hasta 2031 - (78) - - - 8.065 7.987 les de euros - Precobertura de flujos de caja: Swap de tipo de inter\u00e9s con comienzo 100.000 mi- Hasta 2029 - - - - - 15.301 15.301 diferido en 2023 les de euros Swap de tipo de inter\u00e9s con comienzo 100.000 mi- Hasta 2030 - - - - - 15.878 15.878 diferido en 2024 les de euros Swap de tipo de inter\u00e9s con comienzo 200.000 mi- Hasta 2031 - - - - - 28.743 28.743 diferido en 2025 les de euros Cobertura de tipo de cambio: - Cobertura de inversi\u00f3n neta: 150.000 mi- les de d\u00f3la- Cross currency swap Hasta 2026 - - - (2.209) - - (2.209) res america- nos - Precobertura de flujos de caja: 65.230 miles Cross currency swap de d\u00f3lares Hasta 2031 - - - - - (7.200) (7.200) americanos 203.710 mi- les de d\u00f3la- Forward de Divisa Hasta 2032 (6.864) (1.916) (255) 867 1.214 2.275 (4.679) res america- nos 45.885 miles Forward de Divisa de reales Hasta 2023 (189) - - - - - (189) brasile\u00f1os Cobertura de tipo de inter\u00e9s y de cambio - Cobertura de flujos de caja (Cross currency swap): Cobertura de tipo de inter\u00e9s 250.000 mi- - - (78) - - 2.995 2.917 les de d\u00f3la- Hasta 2035 res america- Cobertura de tipo de cambio  - - 17.075 - - 11.384 28.459 nos - Cobertura de flujos de caja (Cross currency swap): Cobertura de tipo de inter\u00e9s 77.567 miles - - - - - 5.543 5.543 de d\u00f3lares Hasta 2031 Cobertura de tipo de cambio  - - - - - (9.004) (9.004) americanos Total (7.053) (1.994) 16.742 (1.342) 1.214 73.980 81.547 Vencimientos a 31 de diciembre de 2021 2027 y Plazo de si- Miles de euros  Principal venci- 2022  2023  2024  2025  2026 Total guien- miento tes Cobertura de tipo de inter\u00e9s: - Cobertura de flujos de caja:   225.000 miles Swap de tipo de inter\u00e9s Hasta 2022 (1.544) - - - - - (1.544) de euros 43.621 miles Swap de tipo de inter\u00e9s Hasta 2031 - - - - - 438 433 de euros - Precobertura de flujos de caja:   Swap de tipo de inter\u00e9s con comienzo 20.921 miles Hasta 2031 - - - - - 207 207 diferido en 2022 de euros Swap de tipo de inter\u00e9s con comienzo 100.000 miles Hasta 2029 - - - - - (542) (542) diferido en 2023 de euros Swap de tipo de inter\u00e9s con comienzo 100.000 miles Hasta 2030 - - - - - 1.655 1.655 diferido en 2024 de euros Swap de tipo de inter\u00e9s con comienzo 200.000 miles Hasta 2031 - - - - - 2.758 2.758 diferido en 2025 de euros Cobertura de tipo de cambio: - Cobertura de inversi\u00f3n neta:   150.000 miles Cross currency swap de d\u00f3lares Hasta 2026 - - - - 6.099 - 6.099 americanos - Precobertura de flujos de caja:   161.432 miles Cross currency swap de d\u00f3lares Hasta 2031 - - - - - (9.535) (9.535) americanos 189.598 miles Forward de Divisa de d\u00f3lares Hasta 2025 (3.552) (3.486) (1.383) (359) - - (8.781) americanos 45.885 miles Forward de Divisa de reales Hasta 2022 58 - - - - - 58 brasile\u00f1os Cobertura de tipo de inter\u00e9s y de cambio - Cobertura de flujos de caja (Cross currency swap): Cobertura de tipo de inter\u00e9s 250.000 miles - - - (644) - (2.852) (3.496) de d\u00f3lares Hasta 2035 americanos Cobertura de tipo de cambio  - - - 8.880 - 5.920 14.800 Total   (5.038) (3.486) (1.383) 7.877 6.099 (1.951) 2.118 Durante los ejercicios 2022 y 2021 el Grupo ha reconocido como consecuencia de las coberturas de flujos de efectivo realizadas los siguientes importes:     2022   2.021 Inversio- Inversio- nes con- nes con- Pasivos Pasivos tabiliza- tabiliza- Finan- Deriva- Finan- Deriva- das apli- das apli- cieros a dos de cieros a dos de cando el Total cando el Total coste Cober- coste Cober- m\u00e9todo m\u00e9todo amorti- tura (*) amorti- tura (*) de la par- de la par- zado zado ticipa- ticipa- ci\u00f3n ci\u00f3n (P\u00e9rdidas) / Ganancias en el Estado de Resultados 9.052 10.456 - 19.508 3.540 2.408 - 5.948 Consolidado (P\u00e9rdidas) / Ganancias en el Estado de Otro  63.929 405 9.369 73.703 12.503 (8.516) 23.938 27.925 Resultado Global Consolidado Total  72.981 10.861 9.369 93.211 16.043 (6.108) 23.938 33.873 (*) Corresponde a una cobertura de flujos de efectivo de una transacci\u00f3n prevista altamente probable. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDetailedInformationAboutHedgesExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-577": {
   "value": "Vencimientos a 31 de diciembre de 2022 2028 y Plazo de si- Miles de euros  Principal 2023  2024  2025  2026  2027 Total vencimiento guien- tes Cobertura de tipo de inter\u00e9s: - Cobertura de flujos de caja: 389.542 mi- Swap de tipo de inter\u00e9s Hasta 2031 - (78) - - - 8.065 7.987 les de euros - Precobertura de flujos de caja: Swap de tipo de inter\u00e9s con comienzo 100.000 mi- Hasta 2029 - - - - - 15.301 15.301 diferido en 2023 les de euros Swap de tipo de inter\u00e9s con comienzo 100.000 mi- Hasta 2030 - - - - - 15.878 15.878 diferido en 2024 les de euros Swap de tipo de inter\u00e9s con comienzo 200.000 mi- Hasta 2031 - - - - - 28.743 28.743 diferido en 2025 les de euros Cobertura de tipo de cambio: - Cobertura de inversi\u00f3n neta: 150.000 mi- les de d\u00f3la- Cross currency swap Hasta 2026 - - - (2.209) - - (2.209) res america- nos - Precobertura de flujos de caja: 65.230 miles Cross currency swap de d\u00f3lares Hasta 2031 - - - - - (7.200) (7.200) americanos 203.710 mi- les de d\u00f3la- Forward de Divisa Hasta 2032 (6.864) (1.916) (255) 867 1.214 2.275 (4.679) res america- nos 45.885 miles Forward de Divisa de reales Hasta 2023 (189) - - - - - (189) brasile\u00f1os Cobertura de tipo de inter\u00e9s y de cambio - Cobertura de flujos de caja (Cross currency swap): Cobertura de tipo de inter\u00e9s 250.000 mi- - - (78) - - 2.995 2.917 les de d\u00f3la- Hasta 2035 res america- Cobertura de tipo de cambio  - - 17.075 - - 11.384 28.459 nos - Cobertura de flujos de caja (Cross currency swap): Cobertura de tipo de inter\u00e9s 77.567 miles - - - - - 5.543 5.543 de d\u00f3lares Hasta 2031 Cobertura de tipo de cambio  - - - - - (9.004) (9.004) americanos Total (7.053) (1.994) 16.742 (1.342) 1.214 73.980 81.547 Vencimientos a 31 de diciembre de 2021 2027 y Plazo de si- Miles de euros  Principal venci- 2022  2023  2024  2025  2026 Total guien- miento tes Cobertura de tipo de inter\u00e9s: - Cobertura de flujos de caja:   225.000 miles Swap de tipo de inter\u00e9s Hasta 2022 (1.544) - - - - - (1.544) de euros 43.621 miles Swap de tipo de inter\u00e9s Hasta 2031 - - - - - 438 433 de euros - Precobertura de flujos de caja:   Swap de tipo de inter\u00e9s con comienzo 20.921 miles Hasta 2031 - - - - - 207 207 diferido en 2022 de euros Swap de tipo de inter\u00e9s con comienzo 100.000 miles Hasta 2029 - - - - - (542) (542) diferido en 2023 de euros Swap de tipo de inter\u00e9s con comienzo 100.000 miles Hasta 2030 - - - - - 1.655 1.655 diferido en 2024 de euros Swap de tipo de inter\u00e9s con comienzo 200.000 miles Hasta 2031 - - - - - 2.758 2.758 diferido en 2025 de euros Cobertura de tipo de cambio: - Cobertura de inversi\u00f3n neta:   150.000 miles Cross currency swap de d\u00f3lares Hasta 2026 - - - - 6.099 - 6.099 americanos - Precobertura de flujos de caja:   161.432 miles Cross currency swap de d\u00f3lares Hasta 2031 - - - - - (9.535) (9.535) americanos 189.598 miles Forward de Divisa de d\u00f3lares Hasta 2025 (3.552) (3.486) (1.383) (359) - - (8.781) americanos 45.885 miles Forward de Divisa de reales Hasta 2022 58 - - - - - 58 brasile\u00f1os Cobertura de tipo de inter\u00e9s y de cambio - Cobertura de flujos de caja (Cross currency swap): Cobertura de tipo de inter\u00e9s 250.000 miles - - - (644) - (2.852) (3.496) de d\u00f3lares Hasta 2035 americanos Cobertura de tipo de cambio  - - - 8.880 - 5.920 14.800 Total   (5.038) (3.486) (1.383) 7.877 6.099 (1.951) 2.118 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-522": {
   "value": "21 Acreedores comerciales y otras cuentas a pagar El detalle de este ep\u00edgrafe del Estado de situaci\u00f3n financiera consolidado a 31 de diciembre de 2022 y 2021 es como sigue:  Miles de euros 2022 2021 Proveedores  485.624 382.309 Otros acreedores  661.232 409.459 Pasivo por impuesto corriente (nota 22)  13.320 10.887 Total  1.160.176 802.655El ep\u00edgrafe de  Proveedores corresponde fundamentalmente a importes pendientes  de vencimiento por la compra de bienes y servicios por operaciones de tr\u00e1fico, fundamentalmente a deudas derivadas de los tra- bajos de reparaci\u00f3n y mantenimiento, de modificaci\u00f3n de instalaciones.   Dentro de este ep\u00edgrafe se incluyen tambi\u00e9n  pasivos corrientes  de  contratos con clientes por importe  de 37.033 miles de euros a 31 de diciembre de 2022 (54.541 miles de euros a 31 de diciembre de 2021). Estos pasivos fueron registrados como anticipos recibidos a cuenta de futuras prestaciones de servicios principal- mente de capacidad de telecomunicaciones, de realizaci\u00f3n de trabajos de modificaci\u00f3n de l\u00edneas a terceros y de prestaci\u00f3n de servicios de seguros. Otros acreedores corresponden fundamentalmente a partidas pendientes de rembolsar procedentes de las tarifas provisionales que se han generado por la diferencia entre el importe liquidado y cobrado y el ingreso devengado por los servicios de transporte de electricidad en los ejercicios 2016 a 2022 (v\u00e9anse notas 3 y 24). Asimismo, dicho ep\u00edgrafe tambi\u00e9n recoge el saldo de Hacienda P\u00fablica acreedora por IVA, remunera- ciones pendientes de pago y otros importes pendientes de vencimiento por la compra de bienes y servicios. Miles de euros 2022  2021 Importe de facturas pagadas en periodo inferior al m\u00e1ximo establecido  424.332 324.359 Total pagos realizados  470.551 362.944 % importe de facturas pagadas en periodo inferior al m\u00e1ximo establecido, frente a  90% 89% total pagos realizados 2022  2021 N\u00famero de facturas pagadas en periodo inferior al m\u00e1ximo establecido  28.045 25.286 N\u00famero total de facturas pagadas  32.374 29.241 % n\u00famero de facturas pagadas en periodo inferior al m\u00e1ximo establecido, frente al  87% 87% total de facturas pagadas ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-523": {
   "value": "22 Informaci\u00f3n sobre el periodo medio de pago a proveedores. Disposici\u00f3n adicional tercera. \u201cDeber de informaci\u00f3n\u201d de la Ley 15/2010, de 5 de julio Con fecha 29 de septiembre de 2022 se ha publicado en el BOE la Ley 18/2022, de 28 de septiembre, de creaci\u00f3n y crecimiento de empresas que tiene por objeto, entre otros aspectos, la reducci\u00f3n de la morosidad comercial y la mejora del acceso a financiaci\u00f3n.  La Ley 18/2022, de 28 de septiembre, modifica, entre otras normas, la Ley 15/2010, de 5 de julio de modifi- caci\u00f3n de la Ley 3/2004, de 29 de diciembre por la que se establecen medidas de lucha contra la morosidad en las operaciones comerciales que, entre otros aspectos, regula los plazos de pago de las relaciones co- merciales entre empresas o entre empresas y la Administraci\u00f3n y, en concreto, la Disposici\u00f3n adicional ter- cera.  En relaci\u00f3n a las modificaciones de dicha Disposici\u00f3n adicional tercera, la Ley 18/2022 recoge que:     Todas las sociedades mercantiles incluir\u00e1n de forma expresa en la memoria de sus cuentas anuales su per\u00edodo medio de pago a proveedores.     Las sociedades mercantiles cotizadas, y las que no sean cotizadas y no presenten cuentas anuales abre- viadas, publicar\u00e1n su periodo medio de pago a proveedores, el volumen monetario y n\u00famero de facturas pagadas en un periodo inferior al m\u00e1ximo establecido en la normativa de morosidad y el porcentaje que suponen sobre el n\u00famero total de facturas y sobre el total monetario de los pagos a sus proveedores. Esta informaci\u00f3n se incluir\u00e1 en la memoria de sus cuentas anuales, y en su p\u00e1gina web si la tienen.  El Instituto de Contabilidad y Auditor\u00eda de Cuentas (ICAC), ha publicado el BOICAC 132/2022, en el que recoge que la Ley 18/2022, de 28 de septiembre, ampl\u00eda la informaci\u00f3n que las sociedades mercantiles deben incluir en la memoria de sus cuentas anuales, y que tambi\u00e9n deben publicar en su p\u00e1gina web, si la tienen.La informaci\u00f3n sobre el periodo medio de pago a proveedores relativa a los ejercicios 2022 y 2021 es la siguiente: D\u00edas 2022  2021 Periodo medio de pago a proveedores  41 43 Ratio de operaciones pagadas  42 45 Ratio de operaciones pendientes de pago  19 10 Miles de euros 2022  2021 Total pagos realizados  470.551 362.944 Total pagos pendientes  29.402 15.498 ",
   "dimensions": {
    "concept": "rec:RevelacionSobreElPeriodoMedioDePagoAProveedores",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-524": {
   "value": "23 Situaci\u00f3n fiscal    Grupo Fiscal consolidado  El Grupo Fiscal del que Red El\u00e9ctrica Corporaci\u00f3n es sociedad dominante, tributa en el R\u00e9gimen de Conso- lidaci\u00f3n Fiscal en Espa\u00f1a desde el ejercicio 2002 (Grupo Fiscal n\u00ba 57/02). A 31 de diciembre de 2021, adem\u00e1s de la Sociedad matriz, forman parte del Grupo Fiscal las sociedades Red El\u00e9ctrica, Redinter, Red El\u00e9ctrica Finance, Red El\u00e9ctrica Financiaciones, Red El\u00e9ctrica Infraestructuras en Canarias, Red El\u00e9ctrica Sistemas de Telecomunicaciones, Elewit, Hispasat S.A., Hispasat Canarias S.L e Hispamar Exterior, S.L.  En 2022, la Sociedad Hispamar Exterior S.L., se ha incorporado al Grupo fiscal de Redeia como sociedad dependiente del mismo.   Asimismo, como consecuencia de la transmisi\u00f3n por parte de Red El\u00e9ctrica Corporaci\u00f3n del 49% de su par- ticipaci\u00f3n en Reintel, esta Sociedad deja de formar parte del Grupo Fiscal n\u00ba 57/02 como sociedad depen- diente del mismo con efectos 1 de enero de 2022, y comienza a tributar en r\u00e9gimen individual en el Impuesto sobre Sociedades (V\u00e9ase nota 6). Para aquellas sociedades que no pertenecen al Grupo Fiscal, se aplica la normativa correspondiente de la legislaci\u00f3n del pa\u00eds de origen.     Gasto por Impuesto sobre beneficios y tipo impositivo efectivo La conciliaci\u00f3n entre el tipo impositivo vigente en Espa\u00f1a y el tipo efectivo aplicable al Grupo es como sigue:  Miles de euros 2022 2021 Resultado contable consolidado del ejercicio antes de impuestos  869.517 888.077 Diferencias permanentes y ajustes de consolidaci\u00f3n  (63.734) (12.979) Base contable consolidada del Impuesto  805.783 875.098 Tipo Impositivo  25% 25% Base contable consolidada por tipo impositivo  201.446 218.775 Efecto de la aplicaci\u00f3n de distintos tipos impositivos  8.704 8.248 Impuesto calculado a la tasa vigente en cada pa\u00eds  210.150 227.022 Deducciones y otros ajustes  (21.820) (25.229) Impuesto sobre beneficios  188.330 201.793 Impuesto sobre beneficios corriente  210.713 212.378 Impuesto sobre beneficios diferido  (22.383) (10.585) Tipo impositivo efectivo  21,66% 22,72% El tipo efectivo del Impuesto sobre beneficios est\u00e1 influido principalmente por las diferencias permanentes y por las deducciones de la cuota. El tipo efectivo del ejercicio 2022 es el 21,66% (22,72% en 2021).  Las Diferencias permanentes en 2022 y en 2021 corresponden principalmente al ajuste por Reserva de Ca- pitalizaci\u00f3n, derivado del incremento de los fondos propios de acuerdo con lo establecido en el art\u00edculo 25 de la Ley 27/2014, del Impuesto sobre Sociedades en Espa\u00f1a (v\u00e9ase nota 14) y a los gastos de gesti\u00f3n de participaciones asociados a los dividendos de las filiales (art\u00edculo 21 de la Ley 27/2014).  Los ajustes de consolidaci\u00f3n proceden en 2022 y 2021 principalmente de los resultados por puesta en equi- valencia de diversas entidades del Grupo que no generan efecto fiscal a nivel consolidado.  Deducciones y otros ajustes corresponden fundamentalmente a las deducciones por gastos de investigaci\u00f3n, desarrollo e innovaci\u00f3n tecnol\u00f3gica, por doble imposici\u00f3n internacional, y por donaciones.  Atendiendo a la naturaleza econ\u00f3mica de la deducci\u00f3n por inversiones en activos fijos en Canarias, \u00e9sta se trata como una subvenci\u00f3n periodificando su impacto en la Cuenta de resultados consolidada en varios ejer- cicios en base a la vida \u00fatil de los activos acogidos a este incentivo (v\u00e9ase nota 4 j).   El importe de las deducciones tratadas como subvenciones imputadas al ejercicio 2022 asciende a 5.436 miles de euros (4.892 miles de euros en 2021) y el importe que resta por ser imputado a 31 de diciembre de 2022 asciende a 139.593 miles de euros (125.871miles de euros en 2021).    Impuestos diferidos El movimiento de los activos y pasivos por impuesto diferido es el siguiente:     2022  2021 Cuenta de Ingresos y Ingresos y Resultados, gastos gastos Cuenta de Combinaciones directamente Total directamente Total Resultados de negocios y imputados al imputados al otros Patrimonio neto Patrimonio neto Miles de euros Activos por Impuestos Diferidos:                Originados en ejercicios 110.827 64.054 174.880 118.889 72.545 191.433 anteriores Combinaciones de  5.942 - negocios Movimientos del ejercicio  5.747 (34.596) (28.849) (8.062) (8.491) (16.553) Total Activos por  122.516 29.458 151.973 110.827 64.054 174.880 Impuestos Diferidos bruto Compensaci\u00f3n Impuestos diferidos procedentes del Grupo Fiscal (82.756)      (104.313) en Espa\u00f1a Total Activos por Impuestos Diferidos neto  69.217       70.567 Pasivos por Impuestos Diferidos:                Originados en ejercicios 486.875 15.249 502.124 505.522 15.249 520.771 anteriores Combinaciones de  13.902 - 13.902 - - - negocios Movimientos del ejercicio  (16.636) 1.016 (15.620) (18.647) - (18.647) Total Pasivos por  484.141 16.265 500.406 486.875 15.249 502.124 Impuestos Diferidos bruto Compensaci\u00f3n Impuestos diferidos procedentes del Grupo Fiscal (82.756)      (104.313) en Espa\u00f1a Total Pasivos por Impuestos Diferidos neto  417.650       397.811 El detalle de los Activos y Pasivos por impuesto diferido a 31 de diciembre de 2022 y 2021 es el siguiente:  Miles de euros 2022 2021 Actualizaci\u00f3n Balances Ley 16/2012  18.985 17.797 Limitaci\u00f3n deducibilidad amortizaciones Ley 16/2012  10.138 13.643 Deterioro del inmovilizado  24.282 28.004 Compromisos con el personal  23.629 22.857 Diferencias de conversi\u00f3n  18.039 29.237 Derivados financieros  1.624 22.277 Cr\u00e9ditos por deducciones pendientes de aplicaci\u00f3n  25.599 18.741 Cr\u00e9ditos bases imponibles negativas  12.839 11.771 Resto   16.839 10.554 Compensaci\u00f3n activos y pasivos diferidos  (82.756) (104.313) Total Activos por Impuesto diferido  69.217 70.567 Amortizaciones aceleradas  439.936 455.364 Activos no deducibles   23.597 11.711 Resto   36.873 35.049 Compensaci\u00f3n activos y pasivos diferidos  (82.756) (104.313) Total Pasivos por Impuesto diferido  417.650 397.811 Dentro de Activos por Impuestos diferidos figuran las reversiones de impuestos que fueron anticipados en los ejercicios 2013 y 2014 como resultado de aplicar la limitaci\u00f3n a las amortizaciones fiscalmente deducibles  establecidas en el art\u00edculo 7 de la Ley 16/2012, de 27 de diciembre, por la que se adoptaron diversas medidas tributarias dirigidas a la consolidaci\u00f3n de las finanzas p\u00fablicas y al impulso de la actividad econ\u00f3mica y, los que surgen como resultado de iniciarse en el ejercicio 2015, la amortizaci\u00f3n fiscal del incremento neto de valor resultante de las operaciones de Actualizaci\u00f3n realizadas sobre el Balance a 31 de diciembre de 2012, seg\u00fan lo establecido en el art\u00edculo 9 de la citada Ley. Adem\u00e1s, este ep\u00edgrafe recoge importes correspondien- tes a deterioro de activos, obligaciones por prestaciones a largo plazo del personal, diferencias de conversi\u00f3n, variaciones de valor de las coberturas de flujos de efectivo y cr\u00e9ditos fiscales por deducciones y bases impo- nibles pendientes de aplicaci\u00f3n.  Los Pasivos por Impuesto diferido se derivan principalmente de las amortizaciones fiscales libres y acelera- das de determinados bienes del inmovilizado, y de la integraci\u00f3n en la Sociedad de los elementos patrimo- niales de las sociedades REDALTA e INALTA, absorbidas por Red El\u00e9ctrica Corporaci\u00f3n en el ejercicio 2006. El Pasivo por Impuesto diferido a 2022 en concepto de libertad de amortizaci\u00f3n establecida en la Disposici\u00f3n Adicional und\u00e9cima del Real Decreto Legislativo 4/2004 y la Disposici\u00f3n Transitoria trig\u00e9sima cuarta de la Ley 27/2014, del Impuesto sobre Sociedades, asciende a 378.530 miles de euros (396.760 miles de euros en 2021).   El Grupo ha compensado en su Estado de situaci\u00f3n financiera consolidado, activos por impuestos diferidos por importe de 82.756 miles de euros procedentes del Grupo Fiscal de Espa\u00f1a (104.313 miles de euros en 2021) con pasivos por impuestos diferidos de acuerdo con la NIC 12.   El calendario esperado de realizaci\u00f3n de los activos y pasivos por impuestos diferidos a 31 de diciembre de 2022 es el siguiente: Ajuste M\u00e1s de 1 Menos de Compensaci\u00f3n Total Bruto Total Neto a\u00f1o 1 a\u00f1o activos y pasivos Activos por impuestos diferidos  151.973 145.555 6.418 (82.756) 69.217 Pasivos por impuestos diferidos  500.406 466.600 33.806 (82.756) 417.650 La realizaci\u00f3n de los Activos y Pasivos por impuestos diferidos del Grupo est\u00e1 condicionada a determinadas hip\u00f3tesis que podr\u00edan verse alteradas.  Por otra parte, a 31 de diciembre de 2022, el Grupo tiene Activos por Impuesto diferido no registrados por deducciones por gastos de I+D+i, deducciones por doble imposici\u00f3n internacional y bases imponibles nega- tivas pendientes de aplicar, por importe total de 10.576 miles de euros (10.045 miles de euros en 2021). Estos activos se han generado en el periodo 2012-2019 y tienen fecha de vencimiento entre 2031 y 2038 respecto de las deducciones por gastos de I+D+i.  En el ejercicio 2022, el Grupo ha solicitado la monetizaci\u00f3n de deducciones de I+D+i pendientes de aplicaci\u00f3n por importe de 526 miles de euros (en 2021 se solicitaron 1.279 miles de euros).  En la Memoria de Red El\u00e9ctrica Corporaci\u00f3n del ejercicio 2006 se incluyen las menciones, establecidas ar- t\u00edculo 86 de la Ley 27/2014 relativas a la operaci\u00f3n de fusi\u00f3n por absorci\u00f3n de REDALTA e INALTA y en la Memoria del ejercicio 2008, se incluyen las relativas a las operaciones de aportaci\u00f3n por Red El\u00e9ctrica Cor- poraci\u00f3n de la rama de actividad que engloba las funciones de operador del sistema, gestor de la red de transporte y transportista del sistema el\u00e9ctrico espa\u00f1ol, realizadas a Red El\u00e9ctrica.  Asimismo, en las Memorias de Red El\u00e9ctrica Corporaci\u00f3n y Reintel del ejercicio 2015, se incluyen las men- ciones establecidas en el art\u00edculo 86 de la Ley 27/2014 relativas a la escisi\u00f3n de la rama de actividad de prestaci\u00f3n de servicios de telecomunicaciones de Redinter a favor de Reintel, y en las Memorias de Red El\u00e9ctrica Corporaci\u00f3n y Redinter del ejercicio 2015, las relativas a la aportaci\u00f3n no dineraria de las acciones de la compa\u00f1\u00eda REN.   Ejercicios sujetos a inspecci\u00f3n fiscal De acuerdo con la legislaci\u00f3n vigente, los impuestos no pueden considerarse definitivamente liquidados hasta que las declaraciones presentadas hayan sido inspeccionadas por las Autoridades Tributarias o haya trans- currido el plazo de prescripci\u00f3n.  En 2022, se han iniciado actuaciones inspectoras de car\u00e1cter general para los periodos febrero 2018 a di- ciembre de 2020 respecto del IVA, retenciones del IRPF y retenciones de no residentes para las sociedades Red El\u00e9ctrica Corporaci\u00f3n y Red El\u00e9ctrica. En el Impuesto sobre Sociedades (r\u00e9gimen de consolidaci\u00f3n fis- cal), los ejercicios de comprobaci\u00f3n de car\u00e1cter general comprenden los periodos desde 2017 a 2020.  Asimismo, en 2022 se han iniciado actuaciones de comprobaci\u00f3n de car\u00e1cter parcial del Impuesto sobre Sociedades para los periodos 2012 y 2014, limitadas a determinados aspectos relacionados con Redinter.  El procedimiento contencioso asociado al objeto de estas comprobaciones parciales ha concluido en 2022 con Sentencia de la Audiencia Nacional favorable para el Grupo Fiscal, por lo que se prev\u00e9 que las actuaciones inspectoras tambi\u00e9n concluyan en el mismo sentido.  Por \u00faltimo, el 11 de febrero de 2023 se ha recibido comunicaci\u00f3n del inicio de actuaciones de comprobaci\u00f3n parcial para los periodos 2015 a 2020 por el Impuesto sobre Sociedades para las sociedades Hispasat S.A. e Hispasat Canarias, S.L. En Espa\u00f1a, el Grupo mantiene abiertos determinados procedimientos tributarios por el Impuesto sobre So- ciedades correspondientes a los ejercicios 2011 a 2016, los cuales actualmente se encuentran en v\u00eda con- tencioso-administrativa. La Sociedad considera que su actuaci\u00f3n fue ajustada a Derecho y se sustenta en interpretaciones razonables de la normativa aplicable, no estim\u00e1ndose que se derive la imposici\u00f3n alguna de sanciones ni pasivos fiscales significativos para el Grupo.  Asimismo, en 2020 el Grupo Fiscal present\u00f3 escrito de rectificaci\u00f3n de los pagos fraccionados correspon- dientes a los ejercicios 2016 a 2020. A finales de dicho ejercicio, la Administraci\u00f3n Tributaria resolvi\u00f3 favora- blemente respecto de la rectificaci\u00f3n solicitada la correspondiente a los ejercicios 2016 y 2017, encontr\u00e1n- dose actualmente recurrida la resoluci\u00f3n recibida respecto del resto de ejercicios.  Derivado de la adquisici\u00f3n de Hispasat, el Grupo tiene abiertos procesos fiscales en Brasil relativos al ICMS y otros impuestos, principalmente impuestos indirectos. Estos procesos provienen de actas de inspecci\u00f3n que las sociedades del Grupo han recurrido. Adicionalmente, el Grupo cuenta con garant\u00edas espec\u00edficas para su cobertura (ver nota 16).  Con car\u00e1cter general y, de acuerdo con la normativa tributaria espa\u00f1ola, a la fecha de formulaci\u00f3n de estas cuentas anuales, el Grupo en Espa\u00f1a tiene abiertos a inspecci\u00f3n por las autoridades fiscales los cuatro \u00falti- mos ejercicios de los impuestos principales que le son de aplicaci\u00f3n no afectados por los procedimientos indicados en los p\u00e1rrafos anteriores. Dicho plazo puede variar en el caso de sociedades integrantes del Grupo sometidas a otras normativas fiscales.  Debido a las posibles diferentes interpretaciones que pueden darse a las normas fiscales, los resultados de las inspecciones que pudieran llevar a cabo las Autoridades Fiscales para los a\u00f1os sujetos a verificaci\u00f3n pueden dar lugar a pasivos fiscales, cuyo importe no es posible cuantificar en la actualidad de una manera objetiva. No obstante, se estima que los pasivos que, en su caso, finalmente se pudieran derivar por estos conceptos, no tendr\u00e1n un efecto significativo sobre los resultados futuros de la Sociedad.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-578": {
   "value": "   Impuestos diferidos El movimiento de los activos y pasivos por impuesto diferido es el siguiente: 2022  2021 Cuenta de Ingresos y Ingresos y Resultados, gastos gastos Cuenta de Combinaciones directamente Total directamente Total Resultados de negocios y imputados al imputados al otros Patrimonio neto Patrimonio neto Miles de euros Activos por Impuestos Diferidos:                Originados en ejercicios 110.827 64.054 174.880 118.889 72.545 191.433 anteriores Combinaciones de  5.942 - negocios Movimientos del ejercicio  5.747 (34.596) (28.849) (8.062) (8.491) (16.553) Total Activos por  122.516 29.458 151.973 110.827 64.054 174.880 Impuestos Diferidos bruto Compensaci\u00f3n Impuestos diferidos procedentes del Grupo Fiscal (82.756)      (104.313) en Espa\u00f1a Total Activos por Impuestos Diferidos neto  69.217       70.567 Pasivos por Impuestos Diferidos:                Originados en ejercicios 486.875 15.249 502.124 505.522 15.249 520.771 anteriores Combinaciones de  13.902 - 13.902 - - - negocios Movimientos del ejercicio  (16.636) 1.016 (15.620) (18.647) - (18.647) Total Pasivos por  484.141 16.265 500.406 486.875 15.249 502.124 Impuestos Diferidos bruto Compensaci\u00f3n Impuestos diferidos procedentes del Grupo Fiscal (82.756)      (104.313) en Espa\u00f1a Total Pasivos por Impuestos Diferidos neto  417.650       397.811 El detalle de los Activos y Pasivos por impuesto diferido a 31 de diciembre de 2022 y 2021 es el siguiente:  Miles de euros 2022 2021 Actualizaci\u00f3n Balances Ley 16/2012  18.985 17.797 Limitaci\u00f3n deducibilidad amortizaciones Ley 16/2012  10.138 13.643 Deterioro del inmovilizado  24.282 28.004 Compromisos con el personal  23.629 22.857 Diferencias de conversi\u00f3n  18.039 29.237 Derivados financieros  1.624 22.277 Cr\u00e9ditos por deducciones pendientes de aplicaci\u00f3n  25.599 18.741 Cr\u00e9ditos bases imponibles negativas  12.839 11.771 Resto   16.839 10.554 Compensaci\u00f3n activos y pasivos diferidos  (82.756) (104.313) Total Activos por Impuesto diferido  69.217 70.567 Amortizaciones aceleradas  439.936 455.364 Activos no deducibles   23.597 11.711 Resto   36.873 35.049 Compensaci\u00f3n activos y pasivos diferidos  (82.756) (104.313) Total Pasivos por Impuesto diferido  417.650 397.811 Dentro de Activos por Impuestos diferidos figuran las reversiones de impuestos que fueron anticipados en los ejercicios 2013 y 2014 como resultado de aplicar la limitaci\u00f3n a las amortizaciones fiscalmente deducibles establecidas en el art\u00edculo 7 de la Ley 16/2012, de 27 de diciembre, por la que se adoptaron diversas medidas tributarias dirigidas a la consolidaci\u00f3n de las finanzas p\u00fablicas y al impulso de la actividad econ\u00f3mica y, los que surgen como resultado de iniciarse en el ejercicio 2015, la amortizaci\u00f3n fiscal del incremento neto de valor resultante de las operaciones de Actualizaci\u00f3n realizadas sobre el Balance a 31 de diciembre de 2012, seg\u00fan lo establecido en el art\u00edculo 9 de la citada Ley. Adem\u00e1s, este ep\u00edgrafe recoge importes correspondien- tes a deterioro de activos, obligaciones por prestaciones a largo plazo del personal, diferencias de conversi\u00f3n, variaciones de valor de las coberturas de flujos de efectivo y cr\u00e9ditos fiscales por deducciones y bases impo- nibles pendientes de aplicaci\u00f3n.  Los Pasivos por Impuesto diferido se derivan principalmente de las amortizaciones fiscales libres y acelera- das de determinados bienes del inmovilizado, y de la integraci\u00f3n en la Sociedad de los elementos patrimo- niales de las sociedades REDALTA e INALTA, absorbidas por Red El\u00e9ctrica Corporaci\u00f3n en el ejercicio 2006. El Pasivo por Impuesto diferido a 2022 en concepto de libertad de amortizaci\u00f3n establecida en la Disposici\u00f3n Adicional und\u00e9cima del Real Decreto Legislativo 4/2004 y la Disposici\u00f3n Transitoria trig\u00e9sima cuarta de la Ley 27/2014, del Impuesto sobre Sociedades, asciende a 378.530 miles de euros (396.760 miles de euros en 2021).   El Grupo ha compensado en su Estado de situaci\u00f3n financiera consolidado, activos por impuestos diferidos por importe de 82.756 miles de euros procedentes del Grupo Fiscal de Espa\u00f1a (104.313 miles de euros en 2021) con pasivos por impuestos diferidos de acuerdo con la NIC 12.   El calendario esperado de realizaci\u00f3n de los activos y pasivos por impuestos diferidos a 31 de diciembre de 2022 es el siguiente: Ajuste M\u00e1s de 1 Menos de Compensaci\u00f3n Total Bruto Total Neto a\u00f1o 1 a\u00f1o activos y pasivos Activos por impuestos diferidos  151.973 145.555 6.418 (82.756) 69.217 Pasivos por impuestos diferidos  500.406 466.600 33.806 (82.756) 417.650 La realizaci\u00f3n de los Activos y Pasivos por impuestos diferidos del Grupo est\u00e1 condicionada a determinadas hip\u00f3tesis que podr\u00edan verse alteradas.  Por otra parte, a 31 de diciembre de 2022, el Grupo tiene Activos por Impuesto diferido no registrados por deducciones por gastos de I+D+i, deducciones por doble imposici\u00f3n internacional y bases imponibles nega- tivas pendientes de aplicar, por importe total de 10.576 miles de euros (10.045 miles de euros en 2021). Estos activos se han generado en el periodo 2012-2019 y tienen fecha de vencimiento entre 2031 y 2038 respecto de las deducciones por gastos de I+D+i.  En el ejercicio 2022, el Grupo ha solicitado la monetizaci\u00f3n de deducciones de I+D+i pendientes de aplicaci\u00f3n por importe de 526 miles de euros (en 2021 se solicitaron 1.279 miles de euros).  En la Memoria de Red El\u00e9ctrica Corporaci\u00f3n del ejercicio 2006 se incluyen las menciones, establecidas ar- t\u00edculo 86 de la Ley 27/2014 relativas a la operaci\u00f3n de fusi\u00f3n por absorci\u00f3n de REDALTA e INALTA y en la Memoria del ejercicio 2008, se incluyen las relativas a las operaciones de aportaci\u00f3n por Red El\u00e9ctrica Cor- poraci\u00f3n de la rama de actividad que engloba las funciones de operador del sistema, gestor de la red de transporte y transportista del sistema el\u00e9ctrico espa\u00f1ol, realizadas a Red El\u00e9ctrica.  Asimismo, en las Memorias de Red El\u00e9ctrica Corporaci\u00f3n y Reintel del ejercicio 2015, se incluyen las men- ciones establecidas en el art\u00edculo 86 de la Ley 27/2014 relativas a la escisi\u00f3n de la rama de actividad de prestaci\u00f3n de servicios de telecomunicaciones de Redinter a favor de Reintel, y en las Memorias de Red El\u00e9ctrica Corporaci\u00f3n y Redinter del ejercicio 2015, las relativas a la aportaci\u00f3n no dineraria de las acciones de la compa\u00f1\u00eda REN.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-629": {
   "value": "En el ejercicio 2022, el Grupo ha solicitado la monetizaci\u00f3n de deducciones de I+D+i pendientes de aplicaci\u00f3n por importe de 526 miles de euros (en 2021 se solicitaron 1.279 miles de euros). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-525": {
   "value": "24 Ingresos y Gastos a)  Importe neto de la cifra de negocio  El detalle de este ep\u00edgrafe de la Cuenta de resultados consolidada de los ejercicios 2022 y 2021, distribuido por zonas geogr\u00e1ficas es el siguiente:  Miles de euros  2022  2021 Mercado nacional  1.791.060 1.798.597 Mercado internacional  223.976 154.361 a) Uni\u00f3n Europea  31.707 23.463      a.1) Zona Euro  31.443 23.463      a.2) Zona no Euro   264 - b) Resto pa\u00edses  192.269 130.898 Total  2.015.036 1.952.958 En Mercado nacional se incluyen fundamentalmente prestaciones de servicios de transporte y operaci\u00f3n del sistema que incluye principalmente los ingresos regulados (v\u00e9ase nota 3) por los servicios de transporte y operaci\u00f3n del sistema el\u00e9ctrico. Su retribuci\u00f3n viene fijada por la CNMC en las Circulares que establecen tanto las metodolog\u00edas como los par\u00e1metros para el c\u00e1lculo de la retribuci\u00f3n de la actividad de transporte atendiendo a los costes necesarios para construir, operar y mantener las instalaciones t\u00e9cnicas de energ\u00eda el\u00e9ctrica y de la retribuci\u00f3n de la actividad de operador del sistema, de acuerdo con las competencias asig- nadas a esta Comisi\u00f3n por el Real Decreto-Ley 1/2019 (v\u00e9ase nota 3.a).  En relaci\u00f3n a  los ingresos  por la actividad de  transporte en Espa\u00f1a  en 2022 y 2021, se  han  devengado fundamentalmente seg\u00fan los c\u00e1lculos realizados por Red El\u00e9ctrica en base a la normativa regulatoria vigente, pendiente de que la CNMC publique la retribuci\u00f3n definitiva de los a\u00f1os 2022, 2021 y 2020. (v\u00e9ase nota 3.a).  En  el  ejercicio  2022,  tras  la  publicaci\u00f3n  en  el  mes  de  diciembre  de  las  \u00d3rdenes  TED/1311/2022  y TED/1343/2022 (ver nota 3.a) relativas a los ingresos de transporte de los ejercicios 2016, y 2017, 2018 y 2019 respectivamente, se ha llevado a cabo un an\u00e1lisis de las posibles diferencias entre el importe definitivo aprobado y las cifras devengadas por Red El\u00e9ctrica, quedando regularizadas las posibles diferencias en el ejercicio 2022. Este an\u00e1lisis ha englobado asimismo los ejercicios 2020, 2021 y 2022 pendientes de aproba- ci\u00f3n de su retribuci\u00f3n definitiva por parte de la CNMC.  Asimismo, dado que las \u00f3rdenes anuales de tarifas han venido prorrogando provisionalmente el importe re- cogido en la Orden IET/981/2016 (v\u00e9ase nota 3.a) desde 2017, el Estado de situaci\u00f3n financiera consolidado recoge un pasivo por el importe estimado que deber\u00e1 ser devuelto al sistema por la diferencia entre el importe liquidado provisionalmente y el ingreso devengado en los ejercicios 2016 a 2022 (v\u00e9ase nota 21).   Por otro lado, respecto a los ingresos por la retribuci\u00f3n de la Operaci\u00f3n del sistema, los ingresos del ejercicio 2022 y 2021 se han devengado conforme a la Circular 4/2019 en la que la CNMC estableci\u00f3 la retribuci\u00f3n del operador del sistema desde el ejercicio 2020 en adelante. Para los ejercicios comprendidos entre 2014 y 2019 fijados de manera provisional, los ingresos se han devengado con la mejor estimaci\u00f3n en base a la metodolog\u00eda retributiva para dicha actividad. En este sentido, en 2022 y 2021 se ha considerado la metodo- log\u00eda para el c\u00e1lculo de la retribuci\u00f3n contenida en el proyecto de Real Decreto presentado a consulta p\u00fablica por el MITERD en 2021, y que al cierre del ejercicio est\u00e1 pendiente de publicaci\u00f3n, tal y como se menciona en la nota 3.a.  El Grupo considera que las resoluciones finales de estos procesos no diferir\u00e1n de forma significativa con la estimaci\u00f3n de ingresos registrada.  En Mercado internacional en 2022 y 2021 se incluyen dentro de Uni\u00f3n Europea los ingresos por servicios de reaseguro, y en Resto de pa\u00edses se recogen principalmente los ingresos por prestaci\u00f3n de servicios de trans- porte de las sociedades peruanas y chilenas y los ingresos por servicios de telecomunicaciones satelitales registrados fundamentalmente en Brasil. b)  Otros Ingresos de explotaci\u00f3n  A 31 de diciembre de 2022, este ep\u00edgrafe incluye los ingresos por el grado de avance de la construcci\u00f3n de la Central Hidr\u00e1ulica Reversible de 200 MW de Salto de Chira, as\u00ed como la actualizaci\u00f3n del activo financiero a la tasa efectiva del proyecto, por importe de 64.225 miles de euros (v\u00e9ase nota 19.a).  Asimismo, en 2022 y 2021, este ep\u00edgrafe incluye otros ingresos accesorios y de gesti\u00f3n corriente que corres- ponden, fundamentalmente, a ingresos derivados de las indemnizaciones de las compa\u00f1\u00edas de seguros por los siniestros, aver\u00edas y reclamaciones producidos, cubiertos por las p\u00f3lizas contratadas. c)  Aprovisionamientos y otros gastos de explotaci\u00f3n  El detalle de estos ep\u00edgrafes de la Cuenta de resultados consolidada correspondiente a los ejercicios 2022 y 2021, es como sigue:  Miles de euros  2022 2021 Aprovisionamientos  37.061 18.655 Otros Gastos de explotaci\u00f3n  467.088 344.252 Total  504.149 362.907 Los ep\u00edgrafes Aprovisionamientos y Otros gastos de explotaci\u00f3n recogen principalmente los gastos derivados del  mantenimiento,  reparaci\u00f3n  y  conservaci\u00f3n  de  las  instalaciones,  as\u00ed  como  otros  gastos  de  servicios inform\u00e1ticos, asesor\u00edas, arrendamientos y otros servicios.  Asimismo, en 2022 se incluyen los costes asocia- dos a la central Salto de Chira por importe de 59,6 millones de euros (ver nota 24.b). d)  Gastos de personal  La composici\u00f3n de esta partida de la Cuenta de resultados consolidada, correspondiente a los ejercicios 2022 y 2021, es la siguiente:  Miles de euros  2022 2021 Sueldos, salarios y otras retribuciones  168.387 147.180 Seguridad social  32.440 29.974 Aportaciones a Fondos de pensiones y obligaciones similares  2.383 2.308 Otros conceptos y cargas sociales  7.404 7.879 Total  210.614 187.341 La partida de Sueldos, salarios y otras retribuciones incluye la retribuci\u00f3n de los empleados, las indemniza- ciones y el devengo de la retribuci\u00f3n a percibir a largo plazo. Tambi\u00e9n se incluye en esta partida la retribuci\u00f3n del Consejo de Administraci\u00f3n.  Las empresas del Grupo han procedido a activar gastos de personal (v\u00e9anse notas 7 y 8) en una cuant\u00eda de 47.429 miles de euros a 31 de diciembre de 2022 (41.160 miles de euros a 31 diciembre de 2021).     Personal empleado  El n\u00famero medio de empleados del Grupo en los ejercicios 2022 y 2021, distribuido por grupos profesionales, ha sido el siguiente:   2022 2021 Equipo directivo  168 156 T\u00e9cnicos superiores y mandos medios  710 638 T\u00e9cnicos medios  817 764 Especialistas y administrativos  555 517 Total  2.250 2.075 La distribuci\u00f3n de la plantilla final del Grupo a 31 de diciembre por sexo y categor\u00edas es la siguiente:  2022  2021 Hombres Mujeres Total Hombres Mujeres Total Equipo directivo  119 65 184 108 56 164 T\u00e9cnicos superiores y mandos medios  475 252 727 436 223 659 T\u00e9cnicos medios  723 175 898 613 163 776 Especialistas y administrativos  429 182 611 395 123 518 Total  1.746 674 2.420 1.552 565 2.117 La mayor parte del incremento de plantilla registrado en el ejercicio 2022 proviene de la plantilla incorporada en el proceso de adquisici\u00f3n de Axess llevado a cabo por Hispasat, S.A. (v\u00e9ase nota 6).  El n\u00famero medio de personas empleadas con discapacidad mayor o igual al 33%, en 2022 y 2021, por sexo y categor\u00edas es el siguiente:  2022  2021 Hombres Mujeres Total Hombres Mujeres Total Equipo Directivo  - - - - - - T\u00e9cnicos superiores y mandos medios  - - - 1 2 3 T\u00e9cnicos Medios  12 4 16 11 1 10 Especialistas y Administrativos  3 1 4 3 2 7 Total  15 5 20 15 5 20 Adicionalmente, no contemplados en la plantilla del Grupo a 31 de diciembre de 2022, hay que rese\u00f1ar que el n\u00famero de miembros del Consejo de Administraci\u00f3n de la Sociedad matriz es de 12 (12 en 2021), de los cuales 6 son hombres y 6 son mujeres (6 hombres y 6 mujeres en 2021). e)  Ingresos y Gastos financieros  Los Ingresos financieros en el ejercicio 2022 corresponden fundamentalmente a los dividendos recibidos por la participaci\u00f3n del 5% que el Grupo mantiene en REN, por importe de 7.272 miles de euros (5.704 miles de euros en 2021).   Asimismo, en 2022 se recogen 3.431 miles de euros de ingresos procedentes de dep\u00f3sitos a plazo, 3.307 miles de euros (3.257 miles de euros en 2021) procedentes de las inversiones en las AIE (v\u00e9anse nota 19 y 23) e ingresos financieros de cr\u00e9ditos concedidos a la sociedad TEN (v\u00e9ase nota 24) por importe de 602 miles de euros (368 miles de euros en 2021). El ep\u00edgrafe de Gastos financieros recoge principalmente los gastos financieros, netos de activaciones finan- cieras, asociados a Deudas con entidades de cr\u00e9dito y Obligaciones y otros valores negociables por importe de 129.341 miles de euros (v\u00e9ase nota 19), (123.127 miles de euros en 2021).  Las activaciones de gastos financieros en 2022 (v\u00e9anse notas 7 y 8) han ascendido a 10.569 miles de euros (7.674 miles de euros en 2021). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExpenseExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-579": {
   "value": "24 Ingresos y Gastos a)  Importe neto de la cifra de negocio  El detalle de este ep\u00edgrafe de la Cuenta de resultados consolidada de los ejercicios 2022 y 2021, distribuido por zonas geogr\u00e1ficas es el siguiente:  Miles de euros  2022  2021 Mercado nacional  1.791.060 1.798.597 Mercado internacional  223.976 154.361 a) Uni\u00f3n Europea  31.707 23.463      a.1) Zona Euro  31.443 23.463      a.2) Zona no Euro   264 - b) Resto pa\u00edses  192.269 130.898 Total  2.015.036 1.952.958 En Mercado nacional se incluyen fundamentalmente prestaciones de servicios de transporte y operaci\u00f3n del sistema que incluye principalmente los ingresos regulados (v\u00e9ase nota 3) por los servicios de transporte y operaci\u00f3n del sistema el\u00e9ctrico. Su retribuci\u00f3n viene fijada por la CNMC en las Circulares que establecen tanto las metodolog\u00edas como los par\u00e1metros para el c\u00e1lculo de la retribuci\u00f3n de la actividad de transporte atendiendo a los costes necesarios para construir, operar y mantener las instalaciones t\u00e9cnicas de energ\u00eda el\u00e9ctrica y de la retribuci\u00f3n de la actividad de operador del sistema, de acuerdo con las competencias asig- nadas a esta Comisi\u00f3n por el Real Decreto-Ley 1/2019 (v\u00e9ase nota 3.a).  En relaci\u00f3n a  los ingresos  por la actividad de  transporte en Espa\u00f1a  en 2022 y 2021, se  han  devengado fundamentalmente seg\u00fan los c\u00e1lculos realizados por Red El\u00e9ctrica en base a la normativa regulatoria vigente, pendiente de que la CNMC publique la retribuci\u00f3n definitiva de los a\u00f1os 2022, 2021 y 2020. (v\u00e9ase nota 3.a).  En  el  ejercicio  2022,  tras  la  publicaci\u00f3n  en  el  mes  de  diciembre  de  las  \u00d3rdenes  TED/1311/2022  y TED/1343/2022 (ver nota 3.a) relativas a los ingresos de transporte de los ejercicios 2016, y 2017, 2018 y 2019 respectivamente, se ha llevado a cabo un an\u00e1lisis de las posibles diferencias entre el importe definitivo aprobado y las cifras devengadas por Red El\u00e9ctrica, quedando regularizadas las posibles diferencias en el ejercicio 2022. Este an\u00e1lisis ha englobado asimismo los ejercicios 2020, 2021 y 2022 pendientes de aproba- ci\u00f3n de su retribuci\u00f3n definitiva por parte de la CNMC.  Asimismo, dado que las \u00f3rdenes anuales de tarifas han venido prorrogando provisionalmente el importe re- cogido en la Orden IET/981/2016 (v\u00e9ase nota 3.a) desde 2017, el Estado de situaci\u00f3n financiera consolidado recoge un pasivo por el importe estimado que deber\u00e1 ser devuelto al sistema por la diferencia entre el importe liquidado provisionalmente y el ingreso devengado en los ejercicios 2016 a 2022 (v\u00e9ase nota 21).   Por otro lado, respecto a los ingresos por la retribuci\u00f3n de la Operaci\u00f3n del sistema, los ingresos del ejercicio 2022 y 2021 se han devengado conforme a la Circular 4/2019 en la que la CNMC estableci\u00f3 la retribuci\u00f3n del operador del sistema desde el ejercicio 2020 en adelante. Para los ejercicios comprendidos entre 2014 y 2019 fijados de manera provisional, los ingresos se han devengado con la mejor estimaci\u00f3n en base a la metodolog\u00eda retributiva para dicha actividad. En este sentido, en 2022 y 2021 se ha considerado la metodo- log\u00eda para el c\u00e1lculo de la retribuci\u00f3n contenida en el proyecto de Real Decreto presentado a consulta p\u00fablica por el MITERD en 2021, y que al cierre del ejercicio est\u00e1 pendiente de publicaci\u00f3n, tal y como se menciona en la nota 3.a.  El Grupo considera que las resoluciones finales de estos procesos no diferir\u00e1n de forma significativa con la estimaci\u00f3n de ingresos registrada.  En Mercado internacional en 2022 y 2021 se incluyen dentro de Uni\u00f3n Europea los ingresos por servicios de reaseguro, y en Resto de pa\u00edses se recogen principalmente los ingresos por prestaci\u00f3n de servicios de trans- porte de las sociedades peruanas y chilenas y los ingresos por servicios de telecomunicaciones satelitales registrados fundamentalmente en Brasil. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-496": {
   "value": "a)  Importe neto de la cifra de negocio  El detalle de este ep\u00edgrafe de la Cuenta de resultados consolidada de los ejercicios 2022 y 2021, distribuido por zonas geogr\u00e1ficas es el siguiente:  Miles de euros  2022  2021 Mercado nacional  1.791.060 1.798.597 Mercado internacional  223.976 154.361 a) Uni\u00f3n Europea  31.707 23.463      a.1) Zona Euro  31.443 23.463      a.2) Zona no Euro   264 - b) Resto pa\u00edses  192.269 130.898 Total  2.015.036 1.952.958 En Mercado nacional se incluyen fundamentalmente prestaciones de servicios de transporte y operaci\u00f3n del sistema que incluye principalmente los ingresos regulados (v\u00e9ase nota 3) por los servicios de transporte y operaci\u00f3n del sistema el\u00e9ctrico. Su retribuci\u00f3n viene fijada por la CNMC en las Circulares que establecen tanto las metodolog\u00edas como los par\u00e1metros para el c\u00e1lculo de la retribuci\u00f3n de la actividad de transporte atendiendo a los costes necesarios para construir, operar y mantener las instalaciones t\u00e9cnicas de energ\u00eda el\u00e9ctrica y de la retribuci\u00f3n de la actividad de operador del sistema, de acuerdo con las competencias asig- nadas a esta Comisi\u00f3n por el Real Decreto-Ley 1/2019 (v\u00e9ase nota 3.a).  En relaci\u00f3n a  los ingresos  por la actividad de  transporte en Espa\u00f1a  en 2022 y 2021, se  han  devengado fundamentalmente seg\u00fan los c\u00e1lculos realizados por Red El\u00e9ctrica en base a la normativa regulatoria vigente, pendiente de que la CNMC publique la retribuci\u00f3n definitiva de los a\u00f1os 2022, 2021 y 2020. (v\u00e9ase nota 3.a).  En  el  ejercicio  2022,  tras  la  publicaci\u00f3n  en  el  mes  de  diciembre  de  las  \u00d3rdenes  TED/1311/2022  y TED/1343/2022 (ver nota 3.a) relativas a los ingresos de transporte de los ejercicios 2016, y 2017, 2018 y 2019 respectivamente, se ha llevado a cabo un an\u00e1lisis de las posibles diferencias entre el importe definitivo aprobado y las cifras devengadas por Red El\u00e9ctrica, quedando regularizadas las posibles diferencias en el ejercicio 2022. Este an\u00e1lisis ha englobado asimismo los ejercicios 2020, 2021 y 2022 pendientes de aproba- ci\u00f3n de su retribuci\u00f3n definitiva por parte de la CNMC.  Asimismo, dado que las \u00f3rdenes anuales de tarifas han venido prorrogando provisionalmente el importe re- cogido en la Orden IET/981/2016 (v\u00e9ase nota 3.a) desde 2017, el Estado de situaci\u00f3n financiera consolidado recoge un pasivo por el importe estimado que deber\u00e1 ser devuelto al sistema por la diferencia entre el importe liquidado provisionalmente y el ingreso devengado en los ejercicios 2016 a 2022 (v\u00e9ase nota 21).   Por otro lado, respecto a los ingresos por la retribuci\u00f3n de la Operaci\u00f3n del sistema, los ingresos del ejercicio 2022 y 2021 se han devengado conforme a la Circular 4/2019 en la que la CNMC estableci\u00f3 la retribuci\u00f3n del operador del sistema desde el ejercicio 2020 en adelante. Para los ejercicios comprendidos entre 2014 y 2019 fijados de manera provisional, los ingresos se han devengado con la mejor estimaci\u00f3n en base a la metodolog\u00eda retributiva para dicha actividad. En este sentido, en 2022 y 2021 se ha considerado la metodo- log\u00eda para el c\u00e1lculo de la retribuci\u00f3n contenida en el proyecto de Real Decreto presentado a consulta p\u00fablica por el MITERD en 2021, y que al cierre del ejercicio est\u00e1 pendiente de publicaci\u00f3n, tal y como se menciona en la nota 3.a.  El Grupo considera que las resoluciones finales de estos procesos no diferir\u00e1n de forma significativa con la estimaci\u00f3n de ingresos registrada.  En Mercado internacional en 2022 y 2021 se incluyen dentro de Uni\u00f3n Europea los ingresos por servicios de reaseguro, y en Resto de pa\u00edses se recogen principalmente los ingresos por prestaci\u00f3n de servicios de trans- porte de las sociedades peruanas y chilenas y los ingresos por servicios de telecomunicaciones satelitales registrados fundamentalmente en Brasil. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueFromContractsWithCustomersExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-630": {
   "value": "El detalle de este ep\u00edgrafe de la Cuenta de resultados consolidada de los ejercicios 2022 y 2021, distribuido por zonas geogr\u00e1ficas es el siguiente:  Miles de euros  2022  2021 Mercado nacional  1.791.060 1.798.597 Mercado internacional  223.976 154.361 a) Uni\u00f3n Europea  31.707 23.463      a.1) Zona Euro  31.443 23.463      a.2) Zona no Euro   264 - b) Resto pa\u00edses  192.269 130.898 Total  2.015.036 1.952.958 Atendiendo al criterio geogr\u00e1fico, a continuaci\u00f3n, se detalla la Cifra de negocio y los Activos no corrientes:  Miles de euros Cifra de negocio  2022 2021 Espa\u00f1a  1.791.060 1.798.597 Resto  223.976 154.361 Total  2.015.036 1.952.958 Miles de euros Activo fijo (*)  2022 2021 Espa\u00f1a  9.761.036 9.791.652 Resto  1.628.154 1.111.082 Total  11.389.191 10.902.734 (*) Se excluyen las inversiones financieras no corrientes, Impuestos diferidos activos y Deudores comerciales y otras cuentas a cobrar no corrientes . ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeographicalAreasExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-580": {
   "value": "b)  Otros Ingresos de explotaci\u00f3n  A 31 de diciembre de 2022, este ep\u00edgrafe incluye los ingresos por el grado de avance de la construcci\u00f3n de la Central Hidr\u00e1ulica Reversible de 200 MW de Salto de Chira, as\u00ed como la actualizaci\u00f3n del activo financiero a la tasa efectiva del proyecto, por importe de 64.225 miles de euros (v\u00e9ase nota 19.a).  Asimismo, en 2022 y 2021, este ep\u00edgrafe incluye otros ingresos accesorios y de gesti\u00f3n corriente que corres- ponden, fundamentalmente, a ingresos derivados de las indemnizaciones de las compa\u00f1\u00edas de seguros por los siniestros, aver\u00edas y reclamaciones producidos, cubiertos por las p\u00f3lizas contratadas. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-497": {
   "value": "c)  Aprovisionamientos y otros gastos de explotaci\u00f3n  El detalle de estos ep\u00edgrafes de la Cuenta de resultados consolidada correspondiente a los ejercicios 2022 y 2021, es como sigue:  Miles de euros  2022 2021 Aprovisionamientos  37.061 18.655 Otros Gastos de explotaci\u00f3n  467.088 344.252 Total  504.149 362.907 Los ep\u00edgrafes Aprovisionamientos y Otros gastos de explotaci\u00f3n recogen principalmente los gastos derivados del  mantenimiento,  reparaci\u00f3n  y  conservaci\u00f3n  de  las  instalaciones,  as\u00ed  como  otros  gastos  de  servicios  inform\u00e1ticos, asesor\u00edas, arrendamientos y otros servicios.  Asimismo, en 2022 se incluyen los costes asocia- dos a la central Salto de Chira por importe de 59,6 millones de euros (ver nota 24.b). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesByNatureExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-18": {
   "value": "c)  Aprovisionamientos y otros gastos de explotaci\u00f3n  El detalle de estos ep\u00edgrafes de la Cuenta de resultados consolidada correspondiente a los ejercicios 2022 y 2021, es como sigue:  Miles de euros  2022 2021 Aprovisionamientos  37.061 18.655 Otros Gastos de explotaci\u00f3n  467.088 344.252 Total  504.149 362.907 Los ep\u00edgrafes Aprovisionamientos y Otros gastos de explotaci\u00f3n recogen principalmente los gastos derivados del  mantenimiento,  reparaci\u00f3n  y  conservaci\u00f3n  de  las  instalaciones,  as\u00ed  como  otros  gastos  de  servicios inform\u00e1ticos, asesor\u00edas, arrendamientos y otros servicios.  Asimismo, en 2022 se incluyen los costes asocia- dos a la central Salto de Chira por importe de 59,6 millones de euros (ver nota 24.b). d)  Gastos de personal  La composici\u00f3n de esta partida de la Cuenta de resultados consolidada, correspondiente a los ejercicios 2022 y 2021, es la siguiente:  Miles de euros  2022 2021 Sueldos, salarios y otras retribuciones  168.387 147.180 Seguridad social  32.440 29.974 Aportaciones a Fondos de pensiones y obligaciones similares  2.383 2.308 Otros conceptos y cargas sociales  7.404 7.879 Total  210.614 187.341 La partida de Sueldos, salarios y otras retribuciones incluye la retribuci\u00f3n de los empleados, las indemniza- ciones y el devengo de la retribuci\u00f3n a percibir a largo plazo. Tambi\u00e9n se incluye en esta partida la retribuci\u00f3n del Consejo de Administraci\u00f3n.  Las empresas del Grupo han procedido a activar gastos de personal (v\u00e9anse notas 7 y 8) en una cuant\u00eda de 47.429 miles de euros a 31 de diciembre de 2022 (41.160 miles de euros a 31 diciembre de 2021).     Personal empleado  El n\u00famero medio de empleados del Grupo en los ejercicios 2022 y 2021, distribuido por grupos profesionales, ha sido el siguiente: 2022 2021 Equipo directivo  168 156 T\u00e9cnicos superiores y mandos medios  710 638 T\u00e9cnicos medios  817 764 Especialistas y administrativos  555 517 Total  2.250 2.075 La distribuci\u00f3n de la plantilla final del Grupo a 31 de diciembre por sexo y categor\u00edas es la siguiente:  2022  2021 Hombres Mujeres Total Hombres Mujeres Total Equipo directivo  119 65 184 108 56 164 T\u00e9cnicos superiores y mandos medios  475 252 727 436 223 659 T\u00e9cnicos medios  723 175 898 613 163 776 Especialistas y administrativos  429 182 611 395 123 518 Total  1.746 674 2.420 1.552 565 2.117 La mayor parte del incremento de plantilla registrado en el ejercicio 2022 proviene de la plantilla incorporada en el proceso de adquisici\u00f3n de Axess llevado a cabo por Hispasat, S.A. (v\u00e9ase nota 6).  El n\u00famero medio de personas empleadas con discapacidad mayor o igual al 33%, en 2022 y 2021, por sexo y categor\u00edas es el siguiente:  2022  2021 Hombres Mujeres Total Hombres Mujeres Total Equipo Directivo  - - - - - - T\u00e9cnicos superiores y mandos medios  - - - 1 2 3 T\u00e9cnicos Medios  12 4 16 11 1 10 Especialistas y Administrativos  3 1 4 3 2 7 Total  15 5 20 15 5 20 Adicionalmente, no contemplados en la plantilla del Grupo a 31 de diciembre de 2022, hay que rese\u00f1ar que el n\u00famero de miembros del Consejo de Administraci\u00f3n de la Sociedad matriz es de 12 (12 en 2021), de los cuales 6 son hombres y 6 son mujeres (6 hombres y 6 mujeres en 2021). e)  Ingresos y Gastos financieros  Los Ingresos financieros en el ejercicio 2022 corresponden fundamentalmente a los dividendos recibidos por la participaci\u00f3n del 5% que el Grupo mantiene en REN, por importe de 7.272 miles de euros (5.704 miles de euros en 2021).   Asimismo, en 2022 se recogen 3.431 miles de euros de ingresos procedentes de dep\u00f3sitos a plazo, 3.307 miles de euros (3.257 miles de euros en 2021) procedentes de las inversiones en las AIE (v\u00e9anse nota 19 y 23) e ingresos financieros de cr\u00e9ditos concedidos a la sociedad TEN (v\u00e9ase nota 24) por importe de 602 miles de euros (368 miles de euros en 2021). El ep\u00edgrafe de Gastos financieros recoge principalmente los gastos financieros, netos de activaciones finan- cieras, asociados a Deudas con entidades de cr\u00e9dito y Obligaciones y otros valores negociables por importe de 129.341 miles de euros (v\u00e9ase nota 19), (123.127 miles de euros en 2021).  Las activaciones de gastos financieros en 2022 (v\u00e9anse notas 7 y 8) han ascendido a 10.569 miles de euros (7.674 miles de euros en 2021). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-631": {
   "value": "c)  Aprovisionamientos y otros gastos de explotaci\u00f3n  El detalle de estos ep\u00edgrafes de la Cuenta de resultados consolidada correspondiente a los ejercicios 2022 y 2021, es como sigue:  Miles de euros  2022 2021 Aprovisionamientos  37.061 18.655 Otros Gastos de explotaci\u00f3n  467.088 344.252 Total  504.149 362.907 Los ep\u00edgrafes Aprovisionamientos y Otros gastos de explotaci\u00f3n recogen principalmente los gastos derivados del  mantenimiento,  reparaci\u00f3n  y  conservaci\u00f3n  de  las  instalaciones,  as\u00ed  como  otros  gastos  de  servicios inform\u00e1ticos, asesor\u00edas, arrendamientos y otros servicios.  Asimismo, en 2022 se incluyen los costes asocia- dos a la central Salto de Chira por importe de 59,6 millones de euros (ver nota 24.b). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingExpenseExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-649": {
   "value": "c)  Aprovisionamientos y otros gastos de explotaci\u00f3n  El detalle de estos ep\u00edgrafes de la Cuenta de resultados consolidada correspondiente a los ejercicios 2022 y 2021, es como sigue:  Miles de euros  2022 2021 Aprovisionamientos  37.061 18.655 Otros Gastos de explotaci\u00f3n  467.088 344.252 Total  504.149 362.907 Los ep\u00edgrafes Aprovisionamientos y Otros gastos de explotaci\u00f3n recogen principalmente los gastos derivados del  mantenimiento,  reparaci\u00f3n  y  conservaci\u00f3n  de  las  instalaciones,  as\u00ed  como  otros  gastos  de  servicios inform\u00e1ticos, asesor\u00edas, arrendamientos y otros servicios.  Asimismo, en 2022 se incluyen los costes asocia- dos a la central Salto de Chira por importe de 59,6 millones de euros (ver nota 24.b). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralAndAdministrativeExpenseExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-581": {
   "value": "d)  Gastos de personal  La composici\u00f3n de esta partida de la Cuenta de resultados consolidada, correspondiente a los ejercicios 2022 y 2021, es la siguiente:  Miles de euros  2022 2021 Sueldos, salarios y otras retribuciones  168.387 147.180 Seguridad social  32.440 29.974 Aportaciones a Fondos de pensiones y obligaciones similares  2.383 2.308 Otros conceptos y cargas sociales  7.404 7.879 Total  210.614 187.341 La partida de Sueldos, salarios y otras retribuciones incluye la retribuci\u00f3n de los empleados, las indemniza- ciones y el devengo de la retribuci\u00f3n a percibir a largo plazo. Tambi\u00e9n se incluye en esta partida la retribuci\u00f3n del Consejo de Administraci\u00f3n.  Las empresas del Grupo han procedido a activar gastos de personal (v\u00e9anse notas 7 y 8) en una cuant\u00eda de 47.429 miles de euros a 31 de diciembre de 2022 (41.160 miles de euros a 31 diciembre de 2021).  34 Pagos basados en acciones Los pagos basados en acciones a directivos y empleados a 31 de diciembre de 2022 y 2021 son los siguien- tes:  2022  2021 Precio Importe en Precio Importe en N\u00famero de N\u00famero de medio miles de medio miles de acciones acciones (euros) euros (euros) euros Directivos de primer nivel  6.901 17,74 122 6.671 18,00 120 Empleados  296.632 17,74 5.261 274.625 18,00 4.943 Total  303.533 17,74 5.383 281.296 18,00 5.063 Estos pagos corresponden al pago a empleados que as\u00ed lo hayan solicitado con cargo al salario del ejercicio, no existiendo ning\u00fan activo o pasivo asociado al mencionado pago  El precio al que se han valorado estas acciones es el de cotizaci\u00f3n en el d\u00eda que \u00e9stas fueron entregadas. Todas estas entregas se han realizado en virtud de las autorizaciones otorgadas en Junta General de Accio- nistas de la Sociedad matriz y el gasto derivado de este plan se registra en el ep\u00edgrafe Gastos de Personal de la Cuenta de resultados consolidada. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-632": {
   "value": "   Personal empleado  El n\u00famero medio de empleados del Grupo en los ejercicios 2022 y 2021, distribuido por grupos profesionales, ha sido el siguiente:   2022 2021 Equipo directivo  168 156 T\u00e9cnicos superiores y mandos medios  710 638 T\u00e9cnicos medios  817 764 Especialistas y administrativos  555 517 Total  2.250 2.075 La distribuci\u00f3n de la plantilla final del Grupo a 31 de diciembre por sexo y categor\u00edas es la siguiente:  2022  2021 Hombres Mujeres Total Hombres Mujeres Total Equipo directivo  119 65 184 108 56 164 T\u00e9cnicos superiores y mandos medios  475 252 727 436 223 659 T\u00e9cnicos medios  723 175 898 613 163 776 Especialistas y administrativos  429 182 611 395 123 518 Total  1.746 674 2.420 1.552 565 2.117 La mayor parte del incremento de plantilla registrado en el ejercicio 2022 proviene de la plantilla incorporada en el proceso de adquisici\u00f3n de Axess llevado a cabo por Hispasat, S.A. (v\u00e9ase nota 6).  El n\u00famero medio de personas empleadas con discapacidad mayor o igual al 33%, en 2022 y 2021, por sexo y categor\u00edas es el siguiente:  2022  2021 Hombres Mujeres Total Hombres Mujeres Total Equipo Directivo  - - - - - - T\u00e9cnicos superiores y mandos medios  - - - 1 2 3 T\u00e9cnicos Medios  12 4 16 11 1 10 Especialistas y Administrativos  3 1 4 3 2 7 Total  15 5 20 15 5 20 Adicionalmente, no contemplados en la plantilla del Grupo a 31 de diciembre de 2022, hay que rese\u00f1ar que el n\u00famero de miembros del Consejo de Administraci\u00f3n de la Sociedad matriz es de 12 (12 en 2021), de los cuales 6 son hombres y 6 son mujeres (6 hombres y 6 mujeres en 2021). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-582": {
   "value": "e)  Ingresos y Gastos financieros  Los Ingresos financieros en el ejercicio 2022 corresponden fundamentalmente a los dividendos recibidos por la participaci\u00f3n del 5% que el Grupo mantiene en REN, por importe de 7.272 miles de euros (5.704 miles de euros en 2021).   Asimismo, en 2022 se recogen 3.431 miles de euros de ingresos procedentes de dep\u00f3sitos a plazo, 3.307 miles de euros (3.257 miles de euros en 2021) procedentes de las inversiones en las AIE (v\u00e9anse nota 19 y 23) e ingresos financieros de cr\u00e9ditos concedidos a la sociedad TEN (v\u00e9ase nota 24) por importe de 602 miles de euros (368 miles de euros en 2021). El ep\u00edgrafe de Gastos financieros recoge principalmente los gastos financieros, netos de activaciones finan- cieras, asociados a Deudas con entidades de cr\u00e9dito y Obligaciones y otros valores negociables por importe de 129.341 miles de euros (v\u00e9ase nota 19), (123.127 miles de euros en 2021).  Las activaciones de gastos financieros en 2022 (v\u00e9anse notas 7 y 8) han ascendido a 10.569 miles de euros (7.674 miles de euros en 2021). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-633": {
   "value": "e)  Ingresos y Gastos financieros  Los Ingresos financieros en el ejercicio 2022 corresponden fundamentalmente a los dividendos recibidos por la participaci\u00f3n del 5% que el Grupo mantiene en REN, por importe de 7.272 miles de euros (5.704 miles de euros en 2021).   Asimismo, en 2022 se recogen 3.431 miles de euros de ingresos procedentes de dep\u00f3sitos a plazo, 3.307 miles de euros (3.257 miles de euros en 2021) procedentes de las inversiones en las AIE (v\u00e9anse nota 19 y 23) e ingresos financieros de cr\u00e9ditos concedidos a la sociedad TEN (v\u00e9ase nota 24) por importe de 602 miles de euros (368 miles de euros en 2021). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-643": {
   "value": "e)  Ingresos y Gastos financieros  Los Ingresos financieros en el ejercicio 2022 corresponden fundamentalmente a los dividendos recibidos por la participaci\u00f3n del 5% que el Grupo mantiene en REN, por importe de 7.272 miles de euros (5.704 miles de euros en 2021).   Asimismo, en 2022 se recogen 3.431 miles de euros de ingresos procedentes de dep\u00f3sitos a plazo, 3.307 miles de euros (3.257 miles de euros en 2021) procedentes de las inversiones en las AIE (v\u00e9anse nota 19 y 23) e ingresos financieros de cr\u00e9ditos concedidos a la sociedad TEN (v\u00e9ase nota 24) por importe de 602 miles de euros (368 miles de euros en 2021). El ep\u00edgrafe de Gastos financieros recoge principalmente los gastos financieros, netos de activaciones finan- cieras, asociados a Deudas con entidades de cr\u00e9dito y Obligaciones y otros valores negociables por importe de 129.341 miles de euros (v\u00e9ase nota 19), (123.127 miles de euros en 2021).  Las activaciones de gastos financieros en 2022 (v\u00e9anse notas 7 y 8) han ascendido a 10.569 miles de euros (7.674 miles de euros en 2021). ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForWarrantsExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-625": {
   "value": "e)  Ingresos y Gastos financieros  Los Ingresos financieros en el ejercicio 2022 corresponden fundamentalmente a los dividendos recibidos por la participaci\u00f3n del 5% que el Grupo mantiene en REN, por importe de 7.272 miles de euros (5.704 miles de euros en 2021).   Asimismo, en 2022 se recogen 3.431 miles de euros de ingresos procedentes de dep\u00f3sitos a plazo, 3.307 miles de euros (3.257 miles de euros en 2021) procedentes de las inversiones en las AIE (v\u00e9anse nota 19 y 23) e ingresos financieros de cr\u00e9ditos concedidos a la sociedad TEN (v\u00e9ase nota 24) por importe de 602 miles de euros (368 miles de euros en 2021). El ep\u00edgrafe de Gastos financieros recoge principalmente los gastos financieros, netos de activaciones finan- cieras, asociados a Deudas con entidades de cr\u00e9dito y Obligaciones y otros valores negociables por importe de 129.341 miles de euros (v\u00e9ase nota 19), (123.127 miles de euros en 2021).  Las activaciones de gastos financieros en 2022 (v\u00e9anse notas 7 y 8) han ascendido a 10.569 miles de euros (7.674 miles de euros en 2021). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExpenseExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-612": {
   "value": "Asimismo, en 2022 se recogen 3.431 miles de euros de ingresos procedentes de dep\u00f3sitos a plazo, 3.307 miles de euros (3.257 miles de euros en 2021) procedentes de las inversiones en las AIE (v\u00e9anse nota 19 y 23) e ingresos financieros de cr\u00e9ditos concedidos a la sociedad TEN (v\u00e9ase nota 24) por importe de 602 miles de euros (368 miles de euros en 2021). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-634": {
   "value": "El ep\u00edgrafe de Gastos financieros recoge principalmente los gastos financieros, netos de activaciones finan- cieras, asociados a Deudas con entidades de cr\u00e9dito y Obligaciones y otros valores negociables por importe de 129.341 miles de euros (v\u00e9ase nota 19), (123.127 miles de euros en 2021).  Las activaciones de gastos financieros en 2022 (v\u00e9anse notas 7 y 8) han ascendido a 10.569 miles de euros (7.674 miles de euros en 2021). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceCostExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-526": {
   "value": "25 Transacciones con inversiones contabilizadas aplicando el m\u00e9todo de la participaci\u00f3n y partes vinculadas a)  Saldos y transacciones con inversiones contabilizadas aplicando el m\u00e9todo de la participaci\u00f3n  Los saldos y transacciones se corresponden con las operaciones realizadas con las sociedades TEN e His- desat. Todas las transacciones se han realizado a precios de mercado. Las principales transacciones efec- tuadas por las sociedades del Grupo con TEN e Hisdesat durante los ejercicios 2022 y 2021 han sido las siguientes:  2022  2021 Saldos  Transacciones  Saldos  Transacciones Miles de Euros Deudores Acreedores Gastos Ingresos Deudores Acreedores Gastos Ingresos Transmisora  El\u00e9ctrica del Norte 14.287 (31) (197) 602 12.503 - (138) 368 S.A. (TEN) Hisdesat Servicios - - - 2.240 8 - - 2.170 Estrat\u00e9gicos, S.A. Total   14.287 (31) (197) 2.842 12.511 - (138) 2.537 b)  Transacciones con partes vinculadas  Las transacciones con partes vinculadas se han realizado en condiciones normales de mercado, siendo su detalle el siguiente:   2022 Personas, Otras partes sociedades o Total vinculadas entidades del Grupo Miles de euros Gastos e Ingresos:   Arrendamientos  - - - Otros gastos  197 37.064 37.261 Gastos  197 37.064 37.261 Prestaci\u00f3n de servicios  2.240 851 3.091 Ingresos financieros  602 - 602 Ingresos  2.842 851 3.693 Otras transacciones:   Acuerdos de financiaci\u00f3n pr\u00e9stamos y aportaciones de ca- 12.338 - 12.338 pital (prestamista) Otras Operaciones    - 3 3 Otras transacciones  12.338 3 12.341 Las operaciones referentes a personas, sociedades o entidades del Grupo son las relativas a TEN e Hisdesat ya comentadas en el apartado a) de esta misma nota. El saldo que aparece en Acuerdos de financiaci\u00f3n pr\u00e9stamos y aportaciones de capital (prestamista) corresponde al cr\u00e9dito existente a 31 de diciembre de 2022 y 2021 (v\u00e9ase nota 19), generado mediante una p\u00f3liza de cr\u00e9dito con TEN, el m\u00e1ximo dispuesto durante el ejercicio 2022 ha sido de 14.675 miles de euros (17.651 miles de euros de disposici\u00f3n m\u00e1xima en 2021).  Dentro de otras partes vinculadas se han incluido las transacciones realizadas con entidades del sector P\u00fa- blico Estatal. Estas operaciones se han realizado principalmente entre la sociedad ADIF, la cual presta ser- vicios de mantenimiento a la red de cables de fibra, y la empresa del Grupo Reintel. Tambi\u00e9n se recogen las operaciones realizadas entre las sociedades del Grupo Indra Sistemas y las sociedades de Redeia. En los ejercicios 2022 y 2021 no ha habido operaciones relativas a Administradores y Directivos.  ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-583": {
   "value": "25 Transacciones con inversiones contabilizadas aplicando el m\u00e9todo de la participaci\u00f3n y partes vinculadas a)  Saldos y transacciones con inversiones contabilizadas aplicando el m\u00e9todo de la participaci\u00f3n  Los saldos y transacciones se corresponden con las operaciones realizadas con las sociedades TEN e His- desat. Todas las transacciones se han realizado a precios de mercado. Las principales transacciones efec- tuadas por las sociedades del Grupo con TEN e Hisdesat durante los ejercicios 2022 y 2021 han sido las siguientes:  2022  2021 Saldos  Transacciones  Saldos  Transacciones Miles de Euros Deudores Acreedores Gastos Ingresos Deudores Acreedores Gastos Ingresos Transmisora  El\u00e9ctrica del Norte 14.287 (31) (197) 602 12.503 - (138) 368 S.A. (TEN) Hisdesat Servicios - - - 2.240 8 - - 2.170 Estrat\u00e9gicos, S.A. Total   14.287 (31) (197) 2.842 12.511 - (138) 2.537 b)  Transacciones con partes vinculadas  Las transacciones con partes vinculadas se han realizado en condiciones normales de mercado, siendo su detalle el siguiente: 2022 Personas, Otras partes sociedades o Total vinculadas entidades del Grupo Miles de euros Gastos e Ingresos:   Arrendamientos  - - - Otros gastos  197 37.064 37.261 Gastos  197 37.064 37.261 Prestaci\u00f3n de servicios  2.240 851 3.091 Ingresos financieros  602 - 602 Ingresos  2.842 851 3.693 Otras transacciones:   Acuerdos de financiaci\u00f3n pr\u00e9stamos y aportaciones de ca- 12.338 - 12.338 pital (prestamista) Otras Operaciones    - 3 3 Otras transacciones  12.338 3 12.341 Las operaciones referentes a personas, sociedades o entidades del Grupo son las relativas a TEN e Hisdesat ya comentadas en el apartado a) de esta misma nota. El saldo que aparece en Acuerdos de financiaci\u00f3n pr\u00e9stamos y aportaciones de capital (prestamista) corresponde al cr\u00e9dito existente a 31 de diciembre de 2022 y 2021 (v\u00e9ase nota 19), generado mediante una p\u00f3liza de cr\u00e9dito con TEN, el m\u00e1ximo dispuesto durante el ejercicio 2022 ha sido de 14.675 miles de euros (17.651 miles de euros de disposici\u00f3n m\u00e1xima en 2021).  Dentro de otras partes vinculadas se han incluido las transacciones realizadas con entidades del sector P\u00fa- blico Estatal. Estas operaciones se han realizado principalmente entre la sociedad ADIF, la cual presta ser- vicios de mantenimiento a la red de cables de fibra, y la empresa del Grupo Reintel. Tambi\u00e9n se recogen las operaciones realizadas entre las sociedades del Grupo Indra Sistemas y las sociedades de Redeia. En los ejercicios 2022 y 2021 no ha habido operaciones relativas a Administradores y Directivos. ",
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  "fact-527": {
   "value": "26 Retribuciones al Consejo de Administraci\u00f3n La Junta General de Accionistas celebrada el 29 de junio de 2021 aprob\u00f3 la Pol\u00edtica de Remuneraciones de los Consejeros de Red El\u00e9ctrica Corporaci\u00f3n, S.A. para los ejercicios 2022, 2023 y 2024 (la anterior pol\u00edtica de Remuneraciones fue aprobada en 2019 para los ejercicios 2019 a 2021). La actual Pol\u00edtica de Remuneraciones es continuista con la anterior, sin incorporar cambios significativos, si bien se refuerzan algunos apartados de la misma, entre otros, su contribuci\u00f3n a la estrategia empresarial y a los intereses y a la sostenibilidad a largo plazo de la Sociedad, la mejora de la transparencia sobre su deter- minaci\u00f3n, la informaci\u00f3n sobre la gesti\u00f3n de los posibles riesgos asociados a la remuneraci\u00f3n y sobre su alineamiento con la pol\u00edtica de remuneraciones de los empleados del Grupo en su conjunto, en l\u00ednea con las exigencias establecidas en la vigente Ley de Sociedades de Capital. La Junta General de Accionistas celebrara el 7 de junio de 2022, a propuesta del Consejo de Administraci\u00f3n y de conformidad con lo establecido en los Estatutos Sociales, aprob\u00f3 el Informe Anual sobre Remuneracio- nes de los Consejeros, que incluye, entre otros aspectos, la retribuci\u00f3n del Consejo de Administraci\u00f3n para el ejercicio 2022. La retribuci\u00f3n del Consejo de Administraci\u00f3n aprobada, incluida la retribuci\u00f3n de los miembros del Consejo, de la Presidenta y del Consejero Delegado, no ha sufrido variaci\u00f3n con respecto a 2021. Por lo que respecta a la Presidenta, de acuerdo con sus funciones como Presidenta no ejecutiva de la So- ciedad, tiene asignada una retribuci\u00f3n fija anual, a la que hay que a\u00f1adir la retribuci\u00f3n como miembro del Consejo de Administraci\u00f3n. Su retribuci\u00f3n se compone exclusivamente de elementos de car\u00e1cter fijo y no tiene asignada retribuci\u00f3n variable, ni anual, ni plurianual, ni indemnizaci\u00f3n por cese. En 2022 ambas retri- buciones se han mantenido en los mismos t\u00e9rminos que en 2021. En relaci\u00f3n con el Consejero Delegado, tiene asignada una retribuci\u00f3n que incluye, tanto una retribuci\u00f3n fija y variable, anual y plurianual, por sus funciones ejecutivas,  como una retribuci\u00f3n fija en su  condici\u00f3n de  miembro del Consejo de Administraci\u00f3n. Tambi\u00e9n tiene asignado un complemento en concepto de beneficios sociales. Una parte de la retribuci\u00f3n variable anual y plurianual, se liquida mediante la entrega de acciones de la Sociedad. Asimismo, el Consejero Delegado participa en un sistema de previsi\u00f3n social de aportaci\u00f3n definida. Las contingencias cubiertas por este sistema son jubilaci\u00f3n, fallecimiento e incapacidad permanente. La obliga- ci\u00f3n de Red El\u00e9ctrica Corporaci\u00f3n, S.A. se limita a la realizaci\u00f3n de una contribuci\u00f3n anual equivalente a un 20% de la retribuci\u00f3n fija anual del Consejero Delegado. La retribuci\u00f3n variable anual del Consejero Delegado se establece con criterios objetivos predeterminados y cuantificables por la Comisi\u00f3n de Nombramientos y Retribuciones de la Sociedad matriz al inicio de cada ejercicio. Los objetivos se encuentran alineados con las estrategias y actuaciones establecidas en el Plan Estrat\u00e9gico del Grupo y la valoraci\u00f3n de su cumplimiento se lleva igualmente a cabo por la citada Comisi\u00f3n. El Consejero Delegado participa en el Plan de Incentivo a Largo Plazo de Impulso a la Transici\u00f3n Energ\u00e9tica, Reducci\u00f3n de la Brecha Digital y Diversificaci\u00f3n. Los objetivos de dicho Plan est\u00e1n vinculados a los contem- plados en el Plan Estrat\u00e9gico del Grupo y se ajustan a las l\u00edneas marcadas en la Pol\u00edtica de Remuneraciones de los Consejeros. Este Plan de Incentivo a Largo Plazo tiene una duraci\u00f3n de 6 a\u00f1os y finalizar\u00e1 el 31 de diciembre de 2025. De acuerdo con la Pol\u00edtica de Remuneraciones de los Consejeros, el contrato del Consejero Delegado, si- guiendo las pr\u00e1cticas habituales del mercado, contempla una indemnizaci\u00f3n equivalente a una anualidad en caso de extinci\u00f3n de la relaci\u00f3n mercantil por cese por voluntad de la Sociedad matriz o cambios de control.  Siguiendo las pr\u00e1cticas de mercado para estos casos, como consecuencia del nombramiento del Consejero Delegado, el contrato laboral existente con anterioridad queda en suspensi\u00f3n. En el caso en que se produjera la extinci\u00f3n del mismo, devengar\u00eda en t\u00e9rminos indemnizatorios la retribuci\u00f3n existente a la fecha de su sus- pensi\u00f3n, consider\u00e1ndose, a los efectos oportunos, su antig\u00fcedad en el Grupo hasta la fecha de su nombra- miento como Consejero Delegado (15 a\u00f1os), m\u00e1s el periodo de servicios, si los hubiera, tras su cese como Consejero Delegado; todo ello de acuerdo con la legislaci\u00f3n laboral vigente. Por lo que respecta al Consejo de Administraci\u00f3n, su retribuci\u00f3n contempla una retribuci\u00f3n fija anual, una remuneraci\u00f3n por asistencia a las sesiones del Consejo, una remuneraci\u00f3n por dedicaci\u00f3n a las Comisiones del Consejo de Administraci\u00f3n y una retribuci\u00f3n espec\u00edfica anual tanto para los Presidentes de las mismas como para el cargo de Consejero Independiente Coordinador (CIC). Los conceptos y cuant\u00edas de esta retri- buci\u00f3n se han mantenido sin cambios en 2022. Asimismo, se les abonar\u00e1n o reembolsar\u00e1n a los Consejeros los gastos razonables y debidamente justifica- dos en que \u00e9stos hubieran incurrido como consecuencia de su asistencia a las reuniones y dem\u00e1s tareas directamente relacionadas con el desempe\u00f1o de su cargo, tales como desplazamiento, alojamiento, manu- tenci\u00f3n y cualquier otro en que puedan incurrir. El importe total devengado por los miembros del Consejo de Administraci\u00f3n de la Sociedad matriz en 2022 y 2021, es el siguiente: 2022 2021 Miles de euros Retribuci\u00f3n del Consejo de Administraci\u00f3n por todos los conceptos 2.485 2.502 (1) Retribuci\u00f3n de los Consejeros por su condici\u00f3n ejecutiva 743 743 Total 3.228 3.245 (1) Incluye la retribuci\u00f3n fija y la retribuci\u00f3n variable anual devengadas en el periodo. La disminuci\u00f3n, con respecto al ejercicio anterior, en la \u201cRetribuci\u00f3n del Consejo de Administraci\u00f3n por todos los conceptos\u201d, se debe a que durante 2022 ha habido un periodo en el que ha estado vacante un puesto de Consejero. El desglose de las retribuciones por tipolog\u00eda de Consejeros a 31 de diciembre de 2022 y 2021, es el siguiente:  2022 2021 Miles de euros Ejecutivos  890 890 Externos Dominicales  507 524 Externos Independientes  1.285 1.285 Otros Externos 546 546 Total Remuneraciones 3.228 3.245 Las remuneraciones devengadas por los miembros del Consejo de Administraci\u00f3n de la Sociedad en los ejercicios 2022 y 2021, individualizada por Consejero y por conceptos son las siguientes: Presidente  Consejero Retribu- Dietas por Otras Retribu- Dedicaci\u00f3n a de Independiente ci\u00f3n varia- Asistencia retribuciones Total 2022  Total 2021 ci\u00f3n fija comisiones Comisi\u00f3n Coordinador (5) ble  al Consejo Consejo CIC Miles de euros 530 - 16 - - - - 546 546 D\u00f1a. Beatriz Corredor Sierra 481 263 16 - - - 130 890 890 D. Roberto Garc\u00eda Merino (1) 131 - 16 28 - - - 175 175 D\u00f1a. Mercedes Real Rodrig\u00e1lvarez 131 - 16 28 - - - 175 174 D. Ricardo Garc\u00eda Herrera ( D\u00f1a. Esther Mar\u00eda Rituerto Mart\u00ednez 2) 86 - 11 16 - - - 113 - 131 - 16 28 15 15 - 205 205 D\u00f1a. Carmen G\u00f3mez de Barreda Tous de Monsalve 131 - 16 28 15 - - 190 190 D\u00f1a. Socorro Fern\u00e1ndez Larrea 131 - 16 28 15 - - 190 176 D. Antonio G\u00f3mez Ciria 131 - 16 28 - - - 175 189 D. Jos\u00e9 Juan Ruiz G\u00f3mez 131 - 16 28 - - - 175 89 D. Marcos Vaquer Caballer\u00eda 131 - 16 28 - - - 175 89 D\u00f1a. Elisenda Malaret Garc\u00eda 131 - 16 28 - - - 175 89 D. Jos\u00e9 Mar\u00eda Abad Hern\u00e1ndez ( D\u00f1a. Mar\u00eda Teresa Costa Campi 3) 32 - 5 7 - - - 44 175 (4) - - - - - - - - 258 Otros miembros del Consejo 2.308 263 192 275 45 15 130 3.228 3.245 Total Remuneraciones devengadas (1) Cantidades percibidas por la Sociedad Estatal de Participaciones Industriales (SEPI). (2) Nueva Consejera desde la celebraci\u00f3n del Consejo de Administraci\u00f3n de 5 de mayo de 2022. (3) Causa baja como Consejera tras la celebraci\u00f3n del Consejo de Administr aci\u00f3n de 29 de marzo de 2022. (4) Miembros del Consejo que causaron baja durante el ejercicio 2021. (5) Incluyeloscostes derivados de los beneficios sociales que tiene el Consejero D elegado incluidos en su retribuci\u00f3n. A 31 de diciembre de 2022 y 2021, no existen en el Estado de situaci\u00f3n financiera consolidado, cr\u00e9ditos, ni anticipos concedidos, ni garant\u00edas constituidas por la Sociedad a favor de los miembros del Consejo de Ad- ministraci\u00f3n. Tampoco existen a dichas fechas obligaciones contra\u00eddas en materia de pensiones y seguros de vida, diferentes a las mencionadas, ni pr\u00e9stamos o anticipos concedidos a los miembros del Consejo de Administraci\u00f3n. A 31 de diciembre de 2022 y 2021 el Grupo tiene contratadas p\u00f3lizas de seguro de responsabilidad civil que cubren reclamaciones de terceros por posibles da\u00f1os y/o perjuicios ocasionados por actos u omisiones en el ejercicio del cargo como Administradores de sociedades del Grupo. Estas p\u00f3lizas cubren tanto a los Admi- nistradores como a los Directivos de sociedades del Grupo. El coste anual en 2022 de las primas asciende a 583 miles de euros incluidos los impuestos (519 miles de euros a 31 de diciembre de 2021). Estas primas son calculadas en base a la naturaleza de la actividad del Grupo y de sus magnitudes econ\u00f3mico\u2013financieras, con lo que no es factible su diferenciaci\u00f3n entre Administradores y Directivos, ni su individualizaci\u00f3n. Durante los ejercicios 2022 y 2021, los miembros del Consejo de Administraci\u00f3n no han realizado con la Sociedad o con sociedades del Grupo, ni directamente ni a trav\u00e9s de personas que act\u00faen por cuenta de ellos, operaciones  que sean ajenas al tr\u00e1fico ordinario  o  que no se realicen  en condiciones  normales de mercado. 27 Retribuciones a Directivos Los Directivos de primer nivel que durante 2022 y 2021 han prestado sus servicios en el Grupo, y los cargos que ostentan al cierre del ejercicio 2022, son los que se detallan a continuaci\u00f3n:  Cargo Nombre (1) D\u00f1a. Concepci\u00f3n S\u00e1nchez P\u00e9rez   Directora General de Operaci\u00f3n D. Angel Mahou Fern\u00e1ndez  Director General de Transporte (2) D. Juan Majada Tortosa   Director General de Negocio Internacional D. Mariano Aparicio Bueno  Director General de Negocio de Telecomunicaciones D. Emilio Cerezo Diez  Director Corporativo Econ\u00f3mico Financiero D. Jos\u00e9 Antonio Vernia Peris  Director Corporativo de Transformaci\u00f3n y Recursos D\u00f1a. Miryam Aguilar Mu\u00f1oz  Directora Corporativa de Relaciones Institucionales, Comunicaci\u00f3n y Territorio (2) y (3) D\u00f1a. Eva Pag\u00e1n D\u00edaz   Directora Corporativa de Sostenibilidad y Estudios D\u00f1a. Laura de Rivera Garc\u00eda de Le\u00e1niz  Directora de Regulaci\u00f3n y Servicios Jur\u00eddicos D\u00f1a. Silvia Bruno de la Cruz  Directora de Innovaci\u00f3n y Tecnolog\u00eda D. Carlos Puente P\u00e9rez  Director de Desarrollo Corporativo D\u00f1a. Eva Rodicio Gonz\u00e1lez  Directora de Auditor\u00eda Interna y Control de Riesgo (1) Desde el 29 de junio de 2022, D\u00f1a. Concepci\u00f3n S\u00e1nchez P\u00e9rez ha pasado a desempe\u00f1ar el cargo de Directora General de Operaci\u00f3n, sustituyendo en el mismo a D. Miguel Duvis\u00f3n Garc\u00eda. (2) Desde el 1 de diciembre de 2022, D. Juan Majada Tortosa ha pasado a desempe\u00f1ar el cargo de Director General de Negocio Internacional, sustituyendo en el mismo a D\u00f1a. Eva Pag\u00e1n D\u00edaz. (3) Desde el 1 de diciembre de 2022, D\u00f1a. Eva Pag\u00e1n D\u00edaz ha pasado a desempe\u00f1ar el cargo de Directora Corporativa de Sostenibilidad y Estudios, sustituyendo en el mismo a D\u00f1a. F\u00e1tima Rojas Cimadevila. Durante el ejercicio 2022, la retribuci\u00f3n total devengada de los Directivos de primer nivel ha ascendido a 3.174 miles de euros y figura registrada como Gastos de personal en la Cuenta de Resultados Consolidada. En 2021 la retribuci\u00f3n total devengada por los Directivos de primer nivel ascendi\u00f3 a 3.103 miles de euros. Estas cantidades incluyen el devengo de la retribuci\u00f3n variable anual considerando el cumplimiento de los objetivos fijados para cada ejercicio. Una vez valorados los cumplimientos de los citados objetivos, se pro- cede a hacer efectiva dicha retribuci\u00f3n variable en los primeros meses del ejercicio siguiente, ajust\u00e1ndose esta retribuci\u00f3n al cumplimiento real.  De la retribuci\u00f3n total devengada de estos Directivos en 2022, corresponden a aportaciones de seguros de vida y de planes de pensiones 13 miles de euros (38 miles de euros en 2021).  A 31 de diciembre de 2022 y 2021 no existen anticipos ni pr\u00e9stamos concedidos a estos directivos. A cierre de 2022 y 2021 el Grupo tiene compromisos articulados  mediante seguros de vida con los mencionados directivos, el coste anual de las primas de dichos seguros asciende aproximadamente a 23 miles de euros (19 miles de euros en 2021)  Los Directivos de primer nivel participan en el Plan de Incentivo a Largo Plazo de Impulso a la Transici\u00f3n Energ\u00e9tica, Reducci\u00f3n de la Brecha Digital y Diversificaci\u00f3n. Los objetivos de dicho Plan est\u00e1n vinculados a los contemplados en el Plan Estrat\u00e9gico del Grupo y se ajustan a las l\u00edneas marcadas en la Pol\u00edtica de Re- muneraciones de los Consejeros. Este Plan de Incentivo a Largo Plazo tiene una duraci\u00f3n de 6 a\u00f1os y fina- lizar\u00e1 el 31 de diciembre de 2025.  Cabe destacar tambi\u00e9n que, con el fin de reforzar el compromiso de independencia del Operador del Sistema, se han establecido unos objetivos espec\u00edficos para la Direcci\u00f3n General de Operaci\u00f3n de Red El\u00e9ctrica de Espa\u00f1a, S.A.U., que excluyen aquellos aspectos que no guardan relaci\u00f3n con la actividad del Operador del Sistema el\u00e9ctrico.  No existen cl\u00e1usulas de garant\u00eda o blindaje, para casos de despido a favor de los Directivos de primer nivel que actualmente prestan sus servicios en el Grupo. En caso de extinci\u00f3n de la relaci\u00f3n laboral, la indemni- zaci\u00f3n que les corresponder\u00eda a dichos Directivos ser\u00eda calculada conforme a la normativa laboral aplicable.  El Grupo puso en marcha en 2015 un Plan de Gesti\u00f3n Estructural que resulta de aplicaci\u00f3n a una parte de los Directivos de primer nivel. La participaci\u00f3n en el Plan se encuentra sujeta al cumplimiento de determina- das condiciones y podr\u00e1 ser modificado o revocado por el Grupo en determinados supuestos.   A 31 de diciembre de 2022 y 2021 el Grupo tiene contratadas p\u00f3lizas de seguro de responsabilidad civil que cubren reclamaciones de terceros por posibles da\u00f1os y/o perjuicios ocasionados por actos u omisiones en el ejercicio del cargo como Directivos del Grupo. Estas p\u00f3lizas cubren tanto a la totalidad de los Directivos como a los Administradores del Grupo, el coste anual en 2022 de las primas asciende a 583 miles de euros incluidos los impuestos (519 miles de euros para el ejercicio 2021). Estas primas son calculadas en base a la natura- leza de la actividad del Grupo y  de sus magnitudes econ\u00f3mico\u2013financieras, con lo que no es factible su diferenciaci\u00f3n entre Directivos y Administradores, ni su individualizaci\u00f3n.",
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   "value": "28 Informaci\u00f3n por segmentos Redeia agrupa sus segmentos atendiendo a la naturaleza de sus actividades de negocio que corresponden a las principales ramas de actividad que el Grupo utiliza en la gesti\u00f3n y toma de decisiones.  A 31 de diciembre de 2022, Redeia est\u00e1 compuesto por los siguientes segmentos operativos, cuyos produc- tos, servicios principales y operaciones son los siguientes:     Gesti\u00f3n y operaci\u00f3n de infraestructuras el\u00e9ctricas (Nacional):   Este segmento recoge la actividad principal de Redeia, mediante el desempe\u00f1o de las funciones de trans- portista \u00fanico y operador del sistema el\u00e9ctrico espa\u00f1ol (TSO). Su misi\u00f3n consiste en garantizar en todo mo- mento la seguridad y continuidad del suministro el\u00e9ctrico y gestionar el transporte de energ\u00eda en alta tensi\u00f3n en Espa\u00f1a.   Redeia a trav\u00e9s de su sociedad Red El\u00e9ctrica transporta la energ\u00eda el\u00e9ctrica en alta tensi\u00f3n. Para ello, ges- tiona las infraestructuras el\u00e9ctricas que componen la red de transporte que conectan las centrales de gene- raci\u00f3n con los puntos de distribuci\u00f3n a los consumidores. Como gestor de la red de transporte, Red El\u00e9ctrica es responsable del desarrollo y ampliaci\u00f3n de la red, de realizar su mantenimiento, de gestionar el tr\u00e1nsito de electricidad entre sistemas exteriores y la pen\u00ednsula y de garantizar el acceso de terceros a la red de transporte en condiciones de igualdad.   Adicionalmente, Red El\u00e9ctrica opera el sistema el\u00e9ctrico espa\u00f1ol, tanto en la pen\u00ednsula como en los sistemas no peninsulares de Canarias, Baleares, Ceuta y Melilla, garantizando en todo momento la seguridad y  la continuidad del suministro el\u00e9ctrico. La operaci\u00f3n del sistema comprende las actividades necesarias para garantizar dicha seguridad y continuidad, as\u00ed como la correcta coordinaci\u00f3n entre el sistema de producci\u00f3n y la red de transporte, asegurando que la energ\u00eda producida por los generadores sea transportada hasta las redes de distribuci\u00f3n con las condiciones de calidad exigibles en aplicaci\u00f3n de la normativa vigente.     Gesti\u00f3n y operaci\u00f3n de infraestructuras el\u00e9ctricas (Internacional):   Este segmento recoge las actividades asociadas al desarrollo de negocio internacional como v\u00eda natural de crecimiento, centrada  principalmente en  la  construcci\u00f3n  y  explotaci\u00f3n de redes de transporte de  energ\u00eda el\u00e9ctrica fuera de Espa\u00f1a, a 31 de diciembre de 2022 en Per\u00fa, Chile y Brasil.      Telecomunicaciones (sat\u00e9lites y fibra \u00f3ptica):  El segmento de telecomunicaciones recoge, tanto la operaci\u00f3n de  infraestructuras satelitales en Espa\u00f1a, Portugal y Sudam\u00e9rica como el alquiler en Espa\u00f1a de una amplia red troncal de fibra \u00f3ptica oscura y de emplazamientos y espacios t\u00e9cnicos para el alojamiento de los equipos de telecomunicaciones de los clien- tes.   Redeia tambi\u00e9n realiza actividades de reaseguro y de impulso de la innovaci\u00f3n en el \u00e1mbito de los sectores el\u00e9ctrico y de telecomunicaciones. Dichas actividades no cumplen los criterios cuantitativos para ser presen- tadas separadamente.  Los precios de venta intersegmentos se establecen siguiendo los t\u00e9rminos y condiciones comerciales nor- males que est\u00e1n disponibles para terceros no vinculados.  A continuaci\u00f3n, se presentan las magnitudes m\u00e1s relevantes de los segmentos de operaci\u00f3n identificados:   Segmentos de negocio a 31 de diciembre de 2022  Gesti\u00f3n y Gesti\u00f3n y Telecomunicaciones operaci\u00f3n de operaci\u00f3n de Otros, (fibra \u00f3ptica y sat\u00e9lites) infraestructuras infraestructuras Corporaci\u00f3n Total el\u00e9ctricas el\u00e9ctricas y ajustes Nacionales Internacionales Sat\u00e9lites  Fibra \u00f3ptica Miles de euros Importe neto de la cifra de negocios  1.599.006 70.599 226.197 142.663 (23.429) 2.015.036 Externos  1.596.206 70.599 226.197 96.545 25.489 2.015.036 Inter-segmento  2.800 - - 46.118 (48.918) - Participaci\u00f3n en asociadas m\u00e9todo de la participaci\u00f3n (actividad - 47.651 2.258 - 496 50.405 an\u00e1loga) Depreciaci\u00f3n y amortizaci\u00f3n  (390.698) (19.081) (106.501) (23.660) (5.052) (544.992) Deterioro y resultado por  enajenaciones de inmovilizado  135 - (628) - 5 (488) Resultado de Explotaci\u00f3n 754.167 71.32143.70177.385 14.980 961.554 Ingresos financieros  2.318 15.723 347 413 4.360 23.161 Gastos financieros  (74.182) (29.779) (12.497) (2.143) 2.133 (116.468) Impuesto sobre beneficios  (168.740) (3.327) 11.851 (19.019) (9.095) (188.330) Resultado de la Sociedad  dominante despu\u00e9s de impuestos 513.558 54.69038.12444.604 13.755 664.731 Activos del segmento 10.589.169 1.656.0661.529.664476.142 530.48014.781.521 Participaciones contabilizadas por el - 807.736 79.731 - 4.150 891.617 m\u00e9todo de la participaci\u00f3n Pasivos del segmento 7.224.012 812.461940.314379.793 530.6659.887.245 Segmentos de negocio a 31 de diciembre de 2021 Gesti\u00f3n y Gesti\u00f3n y Telecomunicaciones operaci\u00f3n de operaci\u00f3n de (fibra \u00f3ptica y  Otros, infraestructuras infraestructuras sat\u00e9lites) Corporaci\u00f3n Total el\u00e9ctricas el\u00e9ctricas y ajustes Nacionales Internacionales Sat\u00e9lites  Fibra \u00f3ptica Miles de euros Importe neto de la cifra de negocios  1.609.689 51.550 177.413 134.411 (20.104) 1.952.958 Externos  1.606.828 51.218 177.413 92.975 24.524 1.952.958 Inter-segmento  2.860 332 - 41.436 (44.628) - Participaci\u00f3n en asociadas m\u00e9todo de la participaci\u00f3n (actividad - 19.818 9.759 - (31) 29.546 an\u00e1loga) Depreciaci\u00f3n y amortizaci\u00f3n  (387.160) (16.442) (91.366) (23.562) (3.583) (522.114) Deterioro y resultado por enajenacio- nes de inmovilizado  28 - 234 - 469 730 Resultado de Explotaci\u00f3n 822.068 34.30944.85275.249 15.490 991.970 Ingresos financieros  53 7.148 92 1 3.195 10.488 Gastos financieros  (86.761) (18.935) (6.603) (1.091) (2.064) (115.453) Impuesto sobre beneficios  (182.514) (1.762) 15.043 (18.510) (14.050) (201.793) Resultado de la Sociedad  dominante despu\u00e9s de impuestos 552.845 20.09649.01355.649 3.024 680.627 Activos del segmento 9.751.003 1.295.1441.367.286411.7321.159.31413.984.478 Participaciones contabilizadas por el - 510.867 72.997 - 4.119 587.983 m\u00e9todo de la participaci\u00f3n Pasivos del segmento 7.503.356 738.897818.713372.374 866.00710.299 Atendiendo al criterio geogr\u00e1fico, a continuaci\u00f3n, se detalla la Cifra de negocio y los Activos no corrientes:  Miles de euros Cifra de negocio  2022 2021 Espa\u00f1a  1.791.060 1.798.597 Resto  223.976 154.361 Total  2.015.036 1.952.958 Miles de euros Activo fijo (*)  2022 2021 Espa\u00f1a  9.761.036 9.791.652 Resto  1.628.154 1.111.082 Total  11.389.191 10.902.734 (*) Se excluyen las inversiones financieras no corrientes, Impuestos diferidos activos y Deudores comerciales y otras cuentas a cobrar no corrientes ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-640": {
   "value": "28 Informaci\u00f3n por segmentos Redeia agrupa sus segmentos atendiendo a la naturaleza de sus actividades de negocio que corresponden a las principales ramas de actividad que el Grupo utiliza en la gesti\u00f3n y toma de decisiones.  A 31 de diciembre de 2022, Redeia est\u00e1 compuesto por los siguientes segmentos operativos, cuyos produc- tos, servicios principales y operaciones son los siguientes:     Gesti\u00f3n y operaci\u00f3n de infraestructuras el\u00e9ctricas (Nacional):   Este segmento recoge la actividad principal de Redeia, mediante el desempe\u00f1o de las funciones de trans- portista \u00fanico y operador del sistema el\u00e9ctrico espa\u00f1ol (TSO). Su misi\u00f3n consiste en garantizar en todo mo- mento la seguridad y continuidad del suministro el\u00e9ctrico y gestionar el transporte de energ\u00eda en alta tensi\u00f3n en Espa\u00f1a.   Redeia a trav\u00e9s de su sociedad Red El\u00e9ctrica transporta la energ\u00eda el\u00e9ctrica en alta tensi\u00f3n. Para ello, ges- tiona las infraestructuras el\u00e9ctricas que componen la red de transporte que conectan las centrales de gene- raci\u00f3n con los puntos de distribuci\u00f3n a los consumidores. Como gestor de la red de transporte, Red El\u00e9ctrica es responsable del desarrollo y ampliaci\u00f3n de la red, de realizar su mantenimiento, de gestionar el tr\u00e1nsito de electricidad entre sistemas exteriores y la pen\u00ednsula y de garantizar el acceso de terceros a la red de transporte en condiciones de igualdad.   Adicionalmente, Red El\u00e9ctrica opera el sistema el\u00e9ctrico espa\u00f1ol, tanto en la pen\u00ednsula como en los sistemas no peninsulares de Canarias, Baleares, Ceuta y Melilla, garantizando en todo momento la seguridad y  la continuidad del suministro el\u00e9ctrico. La operaci\u00f3n del sistema comprende las actividades necesarias para garantizar dicha seguridad y continuidad, as\u00ed como la correcta coordinaci\u00f3n entre el sistema de producci\u00f3n y la red de transporte, asegurando que la energ\u00eda producida por los generadores sea transportada hasta las redes de distribuci\u00f3n con las condiciones de calidad exigibles en aplicaci\u00f3n de la normativa vigente.     Gesti\u00f3n y operaci\u00f3n de infraestructuras el\u00e9ctricas (Internacional):   Este segmento recoge las actividades asociadas al desarrollo de negocio internacional como v\u00eda natural de crecimiento, centrada  principalmente en  la  construcci\u00f3n  y  explotaci\u00f3n de redes de transporte de  energ\u00eda el\u00e9ctrica fuera de Espa\u00f1a, a 31 de diciembre de 2022 en Per\u00fa, Chile y Brasil.      Telecomunicaciones (sat\u00e9lites y fibra \u00f3ptica):  El segmento de telecomunicaciones recoge, tanto la operaci\u00f3n de  infraestructuras satelitales en Espa\u00f1a, Portugal y Sudam\u00e9rica como el alquiler en Espa\u00f1a de una amplia red troncal de fibra \u00f3ptica oscura y de emplazamientos y espacios t\u00e9cnicos para el alojamiento de los equipos de telecomunicaciones de los clien- tes.   Redeia tambi\u00e9n realiza actividades de reaseguro y de impulso de la innovaci\u00f3n en el \u00e1mbito de los sectores el\u00e9ctrico y de telecomunicaciones. Dichas actividades no cumplen los criterios cuantitativos para ser presen- tadas separadamente.  Los precios de venta intersegmentos se establecen siguiendo los t\u00e9rminos y condiciones comerciales nor- males que est\u00e1n disponibles para terceros no vinculados.  A continuaci\u00f3n, se presentan las magnitudes m\u00e1s relevantes de los segmentos de operaci\u00f3n identificados:   Segmentos de negocio a 31 de diciembre de 2022  Gesti\u00f3n y Gesti\u00f3n y Telecomunicaciones operaci\u00f3n de operaci\u00f3n de Otros, (fibra \u00f3ptica y sat\u00e9lites) infraestructuras infraestructuras Corporaci\u00f3n Total el\u00e9ctricas el\u00e9ctricas y ajustes Nacionales Internacionales Sat\u00e9lites  Fibra \u00f3ptica Miles de euros Importe neto de la cifra de negocios  1.599.006 70.599 226.197 142.663 (23.429) 2.015.036 Externos  1.596.206 70.599 226.197 96.545 25.489 2.015.036 Inter-segmento  2.800 - - 46.118 (48.918) - Participaci\u00f3n en asociadas m\u00e9todo de la participaci\u00f3n (actividad - 47.651 2.258 - 496 50.405 an\u00e1loga) Depreciaci\u00f3n y amortizaci\u00f3n  (390.698) (19.081) (106.501) (23.660) (5.052) (544.992) Deterioro y resultado por  enajenaciones de inmovilizado  135 - (628) - 5 (488) Resultado de Explotaci\u00f3n 754.167 71.32143.70177.385 14.980 961.554 Ingresos financieros  2.318 15.723 347 413 4.360 23.161 Gastos financieros  (74.182) (29.779) (12.497) (2.143) 2.133 (116.468) Impuesto sobre beneficios  (168.740) (3.327) 11.851 (19.019) (9.095) (188.330) Resultado de la Sociedad  dominante despu\u00e9s de impuestos 513.558 54.69038.12444.604 13.755 664.731 Activos del segmento 10.589.169 1.656.0661.529.664476.142 530.48014.781.521 Participaciones contabilizadas por el - 807.736 79.731 - 4.150 891.617 m\u00e9todo de la participaci\u00f3n Pasivos del segmento 7.224.012 812.461940.314379.793 530.6659.887.245 Segmentos de negocio a 31 de diciembre de 2021 Gesti\u00f3n y Gesti\u00f3n y Telecomunicaciones operaci\u00f3n de operaci\u00f3n de (fibra \u00f3ptica y  Otros, infraestructuras infraestructuras sat\u00e9lites) Corporaci\u00f3n Total el\u00e9ctricas el\u00e9ctricas y ajustes Nacionales Internacionales Sat\u00e9lites  Fibra \u00f3ptica Miles de euros Importe neto de la cifra de negocios  1.609.689 51.550 177.413 134.411 (20.104) 1.952.958 Externos  1.606.828 51.218 177.413 92.975 24.524 1.952.958 Inter-segmento  2.860 332 - 41.436 (44.628) - Participaci\u00f3n en asociadas m\u00e9todo de la participaci\u00f3n (actividad - 19.818 9.759 - (31) 29.546 an\u00e1loga) Depreciaci\u00f3n y amortizaci\u00f3n  (387.160) (16.442) (91.366) (23.562) (3.583) (522.114) Deterioro y resultado por enajenacio- nes de inmovilizado  28 - 234 - 469 730 Resultado de Explotaci\u00f3n 822.068 34.30944.85275.249 15.490 991.970 Ingresos financieros  53 7.148 92 1 3.195 10.488 Gastos financieros  (86.761) (18.935) (6.603) (1.091) (2.064) (115.453) Impuesto sobre beneficios  (182.514) (1.762) 15.043 (18.510) (14.050) (201.793) Resultado de la Sociedad  dominante despu\u00e9s de impuestos 552.845 20.09649.01355.649 3.024 680.627 Activos del segmento 9.751.003 1.295.1441.367.286411.7321.159.31413.984.478 Participaciones contabilizadas por el - 510.867 72.997 - 4.119 587.983 m\u00e9todo de la participaci\u00f3n Pasivos del segmento 7.503.356 738.897818.713372.374 866.00710.299 .347 Atendiendo al criterio geogr\u00e1fico, a continuaci\u00f3n, se detalla la Cifra de negocio y los Activos no corrientes:  Miles de euros Cifra de negocio  2022 2021 Espa\u00f1a  1.791.060 1.798.597 Resto  223.976 154.361 Total  2.015.036 1.952.958 Miles de euros Activo fijo (*)  2022 2021 Espa\u00f1a  9.761.036 9.791.652 Resto  1.628.154 1.111.082 Total  11.389.191 10.902.734 (*) Se excluyen las inversiones financieras no corrientes, Impuestos diferidos activos y Deudores comerciales y otras cuentas a cobrar no corrientes . ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSegmentReportingExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-584": {
   "value": "A 31 de diciembre de 2022, Redeia est\u00e1 compuesto por los siguientes segmentos operativos, cuyos produc- tos, servicios principales y operaciones son los siguientes:     Gesti\u00f3n y operaci\u00f3n de infraestructuras el\u00e9ctricas (Nacional):   Este segmento recoge la actividad principal de Redeia, mediante el desempe\u00f1o de las funciones de trans- portista \u00fanico y operador del sistema el\u00e9ctrico espa\u00f1ol (TSO). Su misi\u00f3n consiste en garantizar en todo mo- mento la seguridad y continuidad del suministro el\u00e9ctrico y gestionar el transporte de energ\u00eda en alta tensi\u00f3n en Espa\u00f1a.   Redeia a trav\u00e9s de su sociedad Red El\u00e9ctrica transporta la energ\u00eda el\u00e9ctrica en alta tensi\u00f3n. Para ello, ges- tiona las infraestructuras el\u00e9ctricas que componen la red de transporte que conectan las centrales de gene- raci\u00f3n con los puntos de distribuci\u00f3n a los consumidores. Como gestor de la red de transporte, Red El\u00e9ctrica es responsable del desarrollo y ampliaci\u00f3n de la red, de realizar su mantenimiento, de gestionar el tr\u00e1nsito de electricidad entre sistemas exteriores y la pen\u00ednsula y de garantizar el acceso de terceros a la red de transporte en condiciones de igualdad.   Adicionalmente, Red El\u00e9ctrica opera el sistema el\u00e9ctrico espa\u00f1ol, tanto en la pen\u00ednsula como en los sistemas no peninsulares de Canarias, Baleares, Ceuta y Melilla, garantizando en todo momento la seguridad y  la continuidad del suministro el\u00e9ctrico. La operaci\u00f3n del sistema comprende las actividades necesarias para garantizar dicha seguridad y continuidad, as\u00ed como la correcta coordinaci\u00f3n entre el sistema de producci\u00f3n y la red de transporte, asegurando que la energ\u00eda producida por los generadores sea transportada hasta las redes de distribuci\u00f3n con las condiciones de calidad exigibles en aplicaci\u00f3n de la normativa vigente.     Gesti\u00f3n y operaci\u00f3n de infraestructuras el\u00e9ctricas (Internacional):   Este segmento recoge las actividades asociadas al desarrollo de negocio internacional como v\u00eda natural de crecimiento, centrada  principalmente en  la  construcci\u00f3n  y  explotaci\u00f3n de redes de transporte de  energ\u00eda el\u00e9ctrica fuera de Espa\u00f1a, a 31 de diciembre de 2022 en Per\u00fa, Chile y Brasil.      Telecomunicaciones (sat\u00e9lites y fibra \u00f3ptica):  El segmento de telecomunicaciones recoge, tanto la operaci\u00f3n de  infraestructuras satelitales en Espa\u00f1a, Portugal y Sudam\u00e9rica como el alquiler en Espa\u00f1a de una amplia red troncal de fibra \u00f3ptica oscura y de emplazamientos y espacios t\u00e9cnicos para el alojamiento de los equipos de telecomunicaciones de los clien- tes.   Redeia tambi\u00e9n realiza actividades de reaseguro y de impulso de la innovaci\u00f3n en el \u00e1mbito de los sectores el\u00e9ctrico y de telecomunicaciones. Dichas actividades no cumplen los criterios cuantitativos para ser presen- tadas separadamente.  Los precios de venta intersegmentos se establecen siguiendo los t\u00e9rminos y condiciones comerciales nor- males que est\u00e1n disponibles para terceros no vinculados.  A continuaci\u00f3n, se presentan las magnitudes m\u00e1s relevantes de los segmentos de operaci\u00f3n identificados: Segmentos de negocio a 31 de diciembre de 2022 Gesti\u00f3n y Gesti\u00f3n y Telecomunicaciones operaci\u00f3n de operaci\u00f3n de Otros, (fibra \u00f3ptica y sat\u00e9lites) infraestructuras infraestructuras Corporaci\u00f3n Total el\u00e9ctricas el\u00e9ctricas y ajustes Nacionales Internacionales Sat\u00e9lites  Fibra \u00f3ptica Miles de euros Importe neto de la cifra de negocios  1.599.006 70.599 226.197 142.663 (23.429) 2.015.036 Externos  1.596.206 70.599 226.197 96.545 25.489 2.015.036 Inter-segmento  2.800 - - 46.118 (48.918) - Participaci\u00f3n en asociadas m\u00e9todo de la participaci\u00f3n (actividad - 47.651 2.258 - 496 50.405 an\u00e1loga) Depreciaci\u00f3n y amortizaci\u00f3n  (390.698) (19.081) (106.501) (23.660) (5.052) (544.992) Deterioro y resultado por  enajenaciones de inmovilizado  135 - (628) - 5 (488) Resultado de Explotaci\u00f3n 754.167 71.32143.70177.385 14.980 961.554 Ingresos financieros  2.318 15.723 347 413 4.360 23.161 Gastos financieros  (74.182) (29.779) (12.497) (2.143) 2.133 (116.468) Impuesto sobre beneficios  (168.740) (3.327) 11.851 (19.019) (9.095) (188.330) Resultado de la Sociedad  dominante despu\u00e9s de impuestos 513.558 54.69038.12444.604 13.755 664.731 Activos del segmento 10.589.169 1.656.0661.529.664476.142 530.48014.781.521 Participaciones contabilizadas por el - 807.736 79.731 - 4.150 891.617 m\u00e9todo de la participaci\u00f3n Pasivos del segmento 7.224.012 812.461940.314379.793 530.6659.887.245 Segmentos de negocio a 31 de diciembre de 2021 Gesti\u00f3n y Gesti\u00f3n y Telecomunicaciones operaci\u00f3n de operaci\u00f3n de (fibra \u00f3ptica y  Otros, infraestructuras infraestructuras sat\u00e9lites) Corporaci\u00f3n Total el\u00e9ctricas el\u00e9ctricas y ajustes Nacionales Internacionales Sat\u00e9lites  Fibra \u00f3ptica Miles de euros Importe neto de la cifra de negocios  1.609.689 51.550 177.413 134.411 (20.104) 1.952.958 Externos  1.606.828 51.218 177.413 92.975 24.524 1.952.958 Inter-segmento  2.860 332 - 41.436 (44.628) - Participaci\u00f3n en asociadas m\u00e9todo de la participaci\u00f3n (actividad - 19.818 9.759 - (31) 29.546 an\u00e1loga) Depreciaci\u00f3n y amortizaci\u00f3n  (387.160) (16.442) (91.366) (23.562) (3.583) (522.114) Deterioro y resultado por enajenacio- nes de inmovilizado  28 - 234 - 469 730 Resultado de Explotaci\u00f3n 822.068 34.30944.85275.249 15.490 991.970 Ingresos financieros  53 7.148 92 1 3.195 10.488 Gastos financieros  (86.761) (18.935) (6.603) (1.091) (2.064) (115.453) Impuesto sobre beneficios  (182.514) (1.762) 15.043 (18.510) (14.050) (201.793) Resultado de la Sociedad  dominante despu\u00e9s de impuestos 552.845 20.09649.01355.649 3.024 680.627 Activos del segmento 9.751.003 1.295.1441.367.286411.7321.159.31413.984.478 Participaciones contabilizadas por el - 510.867 72.997 - 4.119 587.983 m\u00e9todo de la participaci\u00f3n Pasivos del segmento 7.503.356 738.897818.713372.374 866.00710.299 .347 Atendiendo al criterio geogr\u00e1fico, a continuaci\u00f3n, se detalla la Cifra de negocio y los Activos no corrientes:  Miles de euros Cifra de negocio  2022 2021 Espa\u00f1a  1.791.060 1.798.597 Resto  223.976 154.361 Total  2.015.036 1.952.958 Miles de euros Activo fijo (*)  2022 2021 Espa\u00f1a  9.761.036 9.791.652 Resto  1.628.154 1.111.082 Total  11.389.191 10.902.734 (*) Se excluyen las inversiones financieras no corrientes, Impuestos diferidos activos y Deudores comerciales y otras cuentas a cobrar no corrientes ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProductsAndServicesExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-529": {
   "value": "29 Intereses en acuerdos conjuntos El Grupo interviene en un acuerdo conjunto, a trav\u00e9s de Red El\u00e9ctrica, al 50% junto con el TSO franc\u00e9s R\u00e9seau de Transport d'\u00c9lectricit\u00e9 (RTE) en la sociedad INELFE, con domicilio en Par\u00eds, cuyo objeto es el estudio y ejecuci\u00f3n de interconexiones entre Espa\u00f1a y Francia que permitir\u00e1 el incremento de la capacidad de intercambio de energ\u00eda el\u00e9ctrica entre ambos pa\u00edses. Las  decisiones se toman con el consentimiento un\u00e1nime de las partes. Tanto RTE como Red El\u00e9ctrica tienen derecho a los activos y obligaciones respecto a los pasivos de INELFE, por lo que el acuerdo conjunto se ha clasificado como una operaci\u00f3n conjunta. El Grupo ha reconocido en las cuentas anuales consolidadas, sus activos, incluida su participaci\u00f3n en los acti- vos controlados de forma conjunta y sus pasivos, incluida su participaci\u00f3n en los pasivos en los que haya incurrido conjuntamente en INELFE (v\u00e9ase nota 2 c).  El Grupo interviene en un acuerdo conjunto a trav\u00e9s de Red El\u00e9ctrica Chile S.P.A. que participa al 50% junto con Engie Energ\u00eda Chile, S.A. (E.C.L. S.A.) en la sociedad chilena TEN. El Grupo ha clasificado este acuerdo conjunto como negocio conjunto al tener las partes derecho a los activos netos (v\u00e9ase nota 11).  Asimismo, desde 2020, el Grupo participa a trav\u00e9s de Red El\u00e9ctrica Brasil Holding Ltda. al 50% junto con Grupo Energ\u00eda Bogot\u00e1 S.A. E.S.P. en la sociedad brasile\u00f1a Argo Energ\u00eda Emprendimientos y Participaciones S.A.(Argo). El Grupo tambi\u00e9n ha clasificado este acuerdo como negocio conjunto al tener las partes derecho a los activos netos (v\u00e9ase nota 11).  Adicionalmente, el Grupo tiene control conjunto en la Uni\u00f3n Temporal de Empresas (en adelante UTE) Bala- link, a trav\u00e9s de Reintel, ya que existen acuerdos contractuales que requieren el consentimiento un\u00e1nime de los dos part\u00edcipes para tomar las decisiones sobre las actividades relevantes. El Grupo ha clasificado las inversiones como operaciones conjuntas, debido a que los part\u00edcipes tienen derechos sobre los activos y obligaciones sobre los pasivos. La UTE se ha constituido con el objeto de prestar servicios de fibra \u00f3ptica oscura con garant\u00eda de puesta a disposici\u00f3n entre las Islas Baleares y la costa Mediterr\u00e1nea, en Espa\u00f1a.  ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestsInJointArrangementsExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-498": {
   "value": "30 Garant\u00edas y otros compromisos comprometidos con terceros y otros activos y pasivos contingentes En 2022 y 2021 la Sociedad garantiza, solidariamente con Red El\u00e9ctrica, la emisi\u00f3n privada de bonos reali- zada en los Estados Unidos de Am\u00e9rica por importe de 250 millones de d\u00f3lares americanos (250 millones de d\u00f3lares americanos en 2021) realizadas por la sociedad Red El\u00e9ctrica de Espa\u00f1a Finance, SL.U., y el pro- grama de eurobonos de Red El\u00e9ctrica Financiaciones,  S.A.U. por un importe de hasta 5.000 millones de euros a 31 de diciembre de 2022 y 2021. Este programa, a 31 de diciembre de 2022 tiene emitidos eurobonos por importe de 3.290 millones de euros (3.690 millones de euros en 2021).  Adicionalmente, a 31 de diciembre de 2022 y 2021 la Sociedad garantiza solidariamente con Red El\u00e9ctrica, el programa de emisi\u00f3n de pagar\u00e9s Euro Commercial Paper Programme (Programa ECP) realizados por Red  El\u00e9ctrica Financiaciones, S.A.U., por un importe de hasta 1.000 millones de euros. A 31 de diciembre de 2022 y 2021 no hay importes dispuestos de dicho programa.  Con fecha 19 de febrero de 2015, Redesur, Tesur y Scotia Sociedad Titulizadora S.A., suscribieron un Acto constitutivo de Fideicomiso de Titulizaci\u00f3n donde se constituye el Patrimonio Fideicometido Redesur-Tesur con finalidad de servir de respaldo de las obligaciones derivadas de emisiones de bonos por importe de 77 millones de d\u00f3lares americanos a 31 de diciembre de  2022 (82 millones de d\u00f3lares americanos a 31 de diciembre de 2021).  A 31 de diciembre de 2022 el Grupo tiene avales bancarios derivados del tr\u00e1fico ordinario del negocio otor- gados a favor de terceros por importe de 200.087 miles de euros (191.656 miles de euros en 2021).  El Grupo no posee pasivos contingentes significativos que impliquen una eventual salida de recursos, cuya probabilidad de ocurrencia no sea remota. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-530": {
   "value": "30 Garant\u00edas y otros compromisos comprometidos con terceros y otros activos y pasivos contingentes En 2022 y 2021 la Sociedad garantiza, solidariamente con Red El\u00e9ctrica, la emisi\u00f3n privada de bonos reali- zada en los Estados Unidos de Am\u00e9rica por importe de 250 millones de d\u00f3lares americanos (250 millones de d\u00f3lares americanos en 2021) realizadas por la sociedad Red El\u00e9ctrica de Espa\u00f1a Finance, SL.U., y el pro- grama de eurobonos de Red El\u00e9ctrica Financiaciones,  S.A.U. por un importe de hasta 5.000 millones de euros a 31 de diciembre de 2022 y 2021. Este programa, a 31 de diciembre de 2022 tiene emitidos eurobonos por importe de 3.290 millones de euros (3.690 millones de euros en 2021).  Adicionalmente, a 31 de diciembre de 2022 y 2021 la Sociedad garantiza solidariamente con Red El\u00e9ctrica, el programa de emisi\u00f3n de pagar\u00e9s Euro Commercial Paper Programme (Programa ECP) realizados por Red El\u00e9ctrica Financiaciones, S.A.U., por un importe de hasta 1.000 millones de euros. A 31 de diciembre de 2022 y 2021 no hay importes dispuestos de dicho programa.  Con fecha 19 de febrero de 2015, Redesur, Tesur y Scotia Sociedad Titulizadora S.A., suscribieron un Acto constitutivo de Fideicomiso de Titulizaci\u00f3n donde se constituye el Patrimonio Fideicometido Redesur-Tesur con finalidad de servir de respaldo de las obligaciones derivadas de emisiones de bonos por importe de 77 millones de d\u00f3lares americanos a 31 de diciembre de  2022 (82 millones de d\u00f3lares americanos a 31 de diciembre de 2021).  A 31 de diciembre de 2022 el Grupo tiene avales bancarios derivados del tr\u00e1fico ordinario del negocio otor- gados a favor de terceros por importe de 200.087 miles de euros (191.656 miles de euros en 2021).  El Grupo no posee pasivos contingentes significativos que impliquen una eventual salida de recursos, cuya probabilidad de ocurrencia no sea remota. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-19": {
   "value": "30 Garant\u00edas y otros compromisos comprometidos con terceros y otros activos y pasivos contingentes En 2022 y 2021 la Sociedad garantiza, solidariamente con Red El\u00e9ctrica, la emisi\u00f3n privada de bonos reali- zada en los Estados Unidos de Am\u00e9rica por importe de 250 millones de d\u00f3lares americanos (250 millones de d\u00f3lares americanos en 2021) realizadas por la sociedad Red El\u00e9ctrica de Espa\u00f1a Finance, SL.U., y el pro- grama de eurobonos de Red El\u00e9ctrica Financiaciones,  S.A.U. por un importe de hasta 5.000 millones de euros a 31 de diciembre de 2022 y 2021. Este programa, a 31 de diciembre de 2022 tiene emitidos eurobonos por importe de 3.290 millones de euros (3.690 millones de euros en 2021).  Adicionalmente, a 31 de diciembre de 2022 y 2021 la Sociedad garantiza solidariamente con Red El\u00e9ctrica, el programa de emisi\u00f3n de pagar\u00e9s Euro Commercial Paper Programme (Programa ECP) realizados por Red El\u00e9ctrica Financiaciones, S.A.U., por un importe de hasta 1.000 millones de euros. A 31 de diciembre de 2022 y 2021 no hay importes dispuestos de dicho programa.  Con fecha 19 de febrero de 2015, Redesur, Tesur y Scotia Sociedad Titulizadora S.A., suscribieron un Acto constitutivo de Fideicomiso de Titulizaci\u00f3n donde se constituye el Patrimonio Fideicometido Redesur-Tesur con finalidad de servir de respaldo de las obligaciones derivadas de emisiones de bonos por importe de 77 millones de d\u00f3lares americanos a 31 de diciembre de  2022 (82 millones de d\u00f3lares americanos a 31 de diciembre de 2021).  A 31 de diciembre de 2022 el Grupo tiene avales bancarios derivados del tr\u00e1fico ordinario del negocio otor- gados a favor de terceros por importe de 200.087 miles de euros (191.656 miles de euros en 2021).  El Grupo no posee pasivos contingentes significativos que impliquen una eventual salida de recursos, cuya probabilidad de ocurrencia no sea remota. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCollateralExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-585": {
   "value": "El Grupo no posee pasivos contingentes significativos que impliquen una eventual salida de recursos, cuya probabilidad de ocurrencia no sea remota. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfContingentLiabilitiesExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-531": {
   "value": "32 Otra informaci\u00f3n El importe total devengado por servicios de auditor\u00eda de las sociedades del Grupo ha ascendido a 836 miles de euros en 2022 (710 miles de euros en 2021).   El auditor principal de cuentas de las sociedades del Grupo es KPMG. Los honorarios contratados por Redeia con la empresa auditora, KPMG Auditores S.L., durante los ejercicios terminados el 31 de diciembre de 2022 y 2021, se detallan a continuaci\u00f3n:  Miles de euros 2022 2021 Servicios de auditor\u00eda  501 451 Servicios relacionados con la auditor\u00eda  190 156 Otros servicios   26 15 Total  717 622 Los importes incluidos en el cuadro anterior incluyen la totalidad de los honorarios relativos a los servicios realizados durante los ejercicios 2022 y 2021, con independencia del momento de su facturaci\u00f3n.  El ep\u00edgrafe \u201cServicios de  auditor\u00eda\u201d incluye  los honorarios correspondientes  a  la  auditor\u00eda  de  las cuentas anuales individuales y consolidadas de Red El\u00e9ctrica Corporaci\u00f3n, S.A. y de algunas de las sociedades que forman parte del Grupo.  Bajo el concepto de \u201cServicios relacionados con la auditor\u00eda\u201d se incluye principalmente, la revisi\u00f3n limitada de los Estados Financieros Intermedios consolidados del Grupo, el servicio de aseguramiento relativo a la emisi\u00f3n de Comfort Letters, el informe de auditor\u00eda de seguridad razonable sobre la efectividad del SCIIF del Grupo bajo ISAE 3000, certificados de covenants de las cuentas anuales y traducciones.  Bajo el concepto de \u201cOtros Servicios\u201d se incluyen procedimientos acordados realizados para determinadas sociedades del Grupo.  Por otro lado, los honorarios contratados por Redeia a otras entidades afiliadas a KPMG, tanto en Espa\u00f1a como en el extranjero, durante los ejercicios terminados el 31 de diciembre de 2022 y 2021, se detallan a continuaci\u00f3n:  Miles de Euros 2022 2021 Servicios de auditor\u00eda  310 251 Servicios relacionados con la auditor\u00eda  1 13 Total  311 264 Los honorarios por servicios de auditor\u00eda contratados por el Grupo a PricewaterhouseCoopers Audit, SAS en Francia para la auditor\u00eda de INELFE, en la que se tiene control conjunto, durante los ejercicios terminados el 31 de diciembre de 2022 y 2021, se detallan a continuaci\u00f3n:  Miles de Euros 2022 2021 Servicios de auditor\u00eda  10 8 Total  10 8 Los honorarios por servicios de auditor\u00eda del grupo Axess son contratados a RSM, a 31 de diciembre de 2022 los honorarios devengados desde la adquisici\u00f3n del grupo ascienden a 15 miles de euros.  Adicionalmente, para las empresas que consolidan mediante el m\u00e9todo de la participaci\u00f3n, sus auditores es EY en el caso de TEN y KPMG en el caso de Hisdesat y Argo.  ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-20": {
   "value": "32 Otra informaci\u00f3n El importe total devengado por servicios de auditor\u00eda de las sociedades del Grupo ha ascendido a 836 miles de euros en 2022 (710 miles de euros en 2021).   El auditor principal de cuentas de las sociedades del Grupo es KPMG. Los honorarios contratados por Redeia con la empresa auditora, KPMG Auditores S.L., durante los ejercicios terminados el 31 de diciembre de 2022 y 2021, se detallan a continuaci\u00f3n:  Miles de euros 2022 2021 Servicios de auditor\u00eda  501 451 Servicios relacionados con la auditor\u00eda  190 156 Otros servicios   26 15 Total  717 622 Los importes incluidos en el cuadro anterior incluyen la totalidad de los honorarios relativos a los servicios realizados durante los ejercicios 2022 y 2021, con independencia del momento de su facturaci\u00f3n.  El ep\u00edgrafe \u201cServicios de  auditor\u00eda\u201d incluye  los honorarios correspondientes  a  la  auditor\u00eda  de  las cuentas anuales individuales y consolidadas de Red El\u00e9ctrica Corporaci\u00f3n, S.A. y de algunas de las sociedades que forman parte del Grupo.  Bajo el concepto de \u201cServicios relacionados con la auditor\u00eda\u201d se incluye principalmente, la revisi\u00f3n limitada de los Estados Financieros Intermedios consolidados del Grupo, el servicio de aseguramiento relativo a la emisi\u00f3n de Comfort Letters, el informe de auditor\u00eda de seguridad razonable sobre la efectividad del SCIIF del Grupo bajo ISAE 3000, certificados de covenants de las cuentas anuales y traducciones. Bajo el concepto de \u201cOtros Servicios\u201d se incluyen procedimientos acordados realizados para determinadas sociedades del Grupo.  Por otro lado, los honorarios contratados por Redeia a otras entidades afiliadas a KPMG, tanto en Espa\u00f1a como en el extranjero, durante los ejercicios terminados el 31 de diciembre de 2022 y 2021, se detallan a continuaci\u00f3n:  Miles de Euros 2022 2021 Servicios de auditor\u00eda  310 251 Servicios relacionados con la auditor\u00eda  1 13 Total  311 264 Los honorarios por servicios de auditor\u00eda contratados por el Grupo a PricewaterhouseCoopers Audit, SAS en Francia para la auditor\u00eda de INELFE, en la que se tiene control conjunto, durante los ejercicios terminados el 31 de diciembre de 2022 y 2021, se detallan a continuaci\u00f3n:  Miles de Euros 2022 2021 Servicios de auditor\u00eda  10 8 Total  10 8 Los honorarios por servicios de auditor\u00eda del grupo Axess son contratados a RSM, a 31 de diciembre de 2022 los honorarios devengados desde la adquisici\u00f3n del grupo ascienden a 15 miles de euros.  Adicionalmente, para las empresas que consolidan mediante el m\u00e9todo de la participaci\u00f3n, sus auditores es EY en el caso de TEN y KPMG en el caso de Hisdesat y Argo. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFeeAndCommissionIncomeExpenseExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-532": {
   "value": "33 Beneficio por acci\u00f3n Los Beneficios por acci\u00f3n correspondientes a los ejercicios 2022 y 2021 son los siguientes:     2022 2021 Beneficio neto (miles de euros)  664.731 680.627 N\u00famero de acciones (acciones)  541.080.000 541.080.000 N\u00famero medio de acciones propias en cartera (acciones)  1.771.832 2.050.819 Beneficio b\u00e1sico por acci\u00f3n (euros)  1,23 1,26 Beneficio diluido por acci\u00f3n (euros)  1,23 1,26 A 31 de diciembre de 2022 y 2021 en el Grupo no existen operaciones que diferencien el Beneficio b\u00e1sico por acci\u00f3n del Beneficio diluido por acci\u00f3n.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-533": {
   "value": "34 Pagos basados en acciones Los pagos basados en acciones a directivos y empleados a 31 de diciembre de 2022 y 2021 son los siguien- tes:  2022  2021 Precio Importe en Precio Importe en N\u00famero de N\u00famero de medio miles de medio miles de acciones acciones (euros) euros (euros) euros Directivos de primer nivel  6.901 17,74 122 6.671 18,00 120 Empleados  296.632 17,74 5.261 274.625 18,00 4.943 Total  303.533 17,74 5.383 281.296 18,00 5.063 Estos pagos corresponden al pago a empleados que as\u00ed lo hayan solicitado con cargo al salario del ejercicio, no existiendo ning\u00fan activo o pasivo asociado al mencionado pago  El precio al que se han valorado estas acciones es el de cotizaci\u00f3n en el d\u00eda que \u00e9stas fueron entregadas. Todas estas entregas se han realizado en virtud de las autorizaciones otorgadas en Junta General de Accio- nistas de la Sociedad matriz y el gasto derivado de este plan se registra en el ep\u00edgrafe Gastos de Personal de la Cuenta de resultados consolidada. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-534": {
   "value": "35 Hechos posteriores a 31 de diciembre de 2022 Con posterioridad a la fecha de cierre de las presentes Cuentas Anuales Consolidadas, concretamente el 24 de enero, la Sociedad matriz ha emitido obligaciones perpetuas subordinadas, que tienen la consideraci\u00f3n de emisi\u00f3n verde, por un importe total de 500 millones de euros y estructuradas en un \u00fanico tramo. El importe nominal unitario de cada una de las Obligaciones es de 100.000 euros y se han emitido a un precio de 99,67% sobre su valor nominal.   Las Obligaciones devengan intereses con base en un cup\u00f3n fijo anual del 4,625 % (con una TIR del 4,70%), desde el 7 de febrero de 2023 hasta el 7 de agosto de 2028 y con posterioridad un inter\u00e9s igual al tipo swap a 5 a\u00f1os aplicable m\u00e1s un margen.  El emisor tendr\u00e1 la opci\u00f3n de diferir los pagos de intereses de las obligaciones, sin que ello suponga un supuesto de incumplimiento. El inter\u00e9s as\u00ed diferido ser\u00e1 acumulativo y deber\u00e1 ser pagado en ciertos supues- tos definidos en los t\u00e9rminos y condiciones de las Obligaciones. El cierre y desembolso de la Emisi\u00f3n han tenido lugar el 7 de febrero de 2023 tras el cumplimiento de las condiciones suspensivas habituales de estas operaciones.  Por otro lado, el sat\u00e9lite Amazonas Nexus, ha sido lanzado con \u00e9xito el pasado 7 de febrero. A la fecha de formulaci\u00f3n de estas cuentas anuales consolidadas, el sat\u00e9lite se encuentra completando su tr\u00e1nsito hacia la posici\u00f3n de la \u00f3rbita geoestacionaria en la que se ubicar\u00e1, en 61\u00ba Oeste.    ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-586": {
   "value": "Anexo I: Detalle de participaciones a 31 de diciembre de 2022 y 2021 Redeia Detalle de participaciones a 31 de diciembre de 2022 y 2021 - Sociedad  2022  2021  1 1 - Domicilio  Porcentaje de participaci\u00f3n Porcentaje de participaci\u00f3n - Actividad principal  Directa Indirecta Directa Indirecta Red El\u00e9ctrica Corporaci\u00f3n S.A., sociedad matriz, se constituy\u00f3 en 1985.       - Paseo Conde de los Gaitanes, 177. Alcobendas. Madrid. (Espa\u00f1a). - Gesti\u00f3n del grupo empresarial, prestaci\u00f3n de servicios de asistencia o apoyo a las sociedades participadas y explotaci\u00f3n de los inmuebles pro- piedad de la Sociedad. A) Sociedades Consolidadas por el M\u00e9todo de Integraci\u00f3n Global Red El\u00e9ctrica de Espa\u00f1a, S.A.U. (Red El\u00e9ctrica)   - Paseo Conde de los Gaitanes, 177. Alcobendas. Madrid. (Espa\u00f1a).  100% - 100% - - Transporte y operaci\u00f3n del sistema el\u00e9ctrico Espa\u00f1ol y gesti\u00f3n de la red de transporte. Red El\u00e9ctrica Internacional, S.A.U. (Redinter)   - Paseo Conde de los Gaitanes, 177. Alcobendas. Madrid. (Espa\u00f1a).  100% - 100% - - Adquisici\u00f3n y tenencia de participaciones internacionales. Prestaci\u00f3n de servi- cios de consultor\u00eda, ingenier\u00eda y construcci\u00f3n. Realizaci\u00f3n de actividades el\u00e9ctri- cas fuera del sistema el\u00e9ctrico espa\u00f1ol. Red El\u00e9ctrica Infraestructuras de Telecomunicaci\u00f3n, S.A. (Reintel)   - Paseo Conde de los Gaitanes, 177. Alcobendas. Madrid. (Espa\u00f1a).  51% - 100% - - Prestaci\u00f3n de servicios de consultor\u00eda, ingenier\u00eda, construcci\u00f3n y de telecomu- nicaciones. Red El\u00e9ctrica Infraestructuras en Canarias, S.A.U.   - Calle Juan de Quesada, 9. Las Palmas de Gran Canaria. (Espa\u00f1a).  100% - 100% - - Gesti\u00f3n de la construcci\u00f3n de instalaciones de almacenamiento de energ\u00eda y del ciclo del agua. Red El\u00e9ctrica de Espa\u00f1a Finance, S.L.U.   - Paseo Conde de los Gaitanes, 177. Alcobendas. Madrid. (Espa\u00f1a).  100% - 100% - - Actividades de financiaci\u00f3n.    Red El\u00e9ctrica Financiaciones, S.A.U.   - Paseo Conde de los Gaitanes, 177. Alcobendas. Madrid. (Espa\u00f1a).  100% - 100% - - Actividades de financiaci\u00f3n.   Red El\u00e9ctrica Sistemas de Telecomunicaciones, S.A.U.   - Paseo Conde de los Gaitanes, 177. Alcobendas. Madrid. (Espa\u00f1a).  100% - 100% - - Adquisici\u00f3n, tenencia, administraci\u00f3n, direcci\u00f3n y gesti\u00f3n de valores,  nacionales o extranjeros, representativos de fondos propios de entidades. Red El\u00e9ctrica y de Telecomunicaciones, Innovaci\u00f3n y Tecnolog\u00eda, S.A.U. (Elewit) - Paseo Conde de los Gaitanes, 177. Alcobendas. Madrid. (Espa\u00f1a).  100% - 100% - - Actividades orientadas al impulso y aceleraci\u00f3n de la innovaci\u00f3n tecnol\u00f3gica.   Redcor Reaseguros, S.A (Redcor)   - 26, Rue Louvigny. (Luxemburgo). - Actividades de reaseguro.  Constituida en 2010 en Luxemburgo para poder reasegurar los riesgos de las distintas sociedades del Grupo, garantizando un 100% - 100% - mejor acceso a los mercados de reaseguro internacionales.  Red El\u00e9ctrica Andina, S.A.C. (REA)   -Av. Javier Prado Este 492 Int. 1001 Urb. Jard\u00edn San Isidro. Lima (Per\u00fa)  - 100%(a) - 100%(a) - Prestaci\u00f3n de servicios de mantenimiento de l\u00edneas y subestaciones.  - Sociedad  2022  2021 1 1 - Domicilio  Porcentaje de participaci\u00f3n Porcentaje de participaci\u00f3n - Actividad principal  Directa  Indirecta  Directa  Indirecta Red El\u00e9ctrica del Sur, S.A. (Redesur)   - Av. Javier Prado Este 492 Int. 1001 Urb. Jard\u00edn San Isidro. Lima (Per\u00fa)  - 100%(a) - 100%(a) - Transporte de energ\u00eda el\u00e9ctrica y la operaci\u00f3n y mantenimiento de redes de Transporte de electricidad. Transmisora El\u00e9ctrica del Sur , S.A.C. (Tesur)   - Av. Javier Prado Este 492 Int. 1001 Urb. Jard\u00edn San Isidro. Lima (Per\u00fa)  - 100%(c) - 100%(c) - Transmisi\u00f3n de energ\u00eda el\u00e9ctrica y la operaci\u00f3n y mantenimiento de redes de transmisi\u00f3n de electricidad. Transmisora El\u00e9ctrica del Sur 2 , S.A.C. (Tesur 2)   - Av. Javier Prado Este 492 Int. 1001 Urb. Jard\u00edn San Isidro. Lima (Per\u00fa)  - 100%(c) - 100%(c) - Transmisi\u00f3n de energ\u00eda el\u00e9ctrica y la operaci\u00f3n y mantenimiento de redes de transmisi\u00f3n de electricidad. Transmisora El\u00e9ctrica del Sur 3 , S.A.C. (Tesur 3)   - Av. Javier Prado Este 492 Int. 1001 Urb. Jard\u00edn San Isidro. Lima (Per\u00fa)  - 100%(c) - 100%(c) - Transmisi\u00f3n de energ\u00eda el\u00e9ctrica y la operaci\u00f3n y mantenimiento de redes de transmisi\u00f3n de electricidad. Transmisora El\u00e9ctrica del Sur 4 , S.A.C. (Tesur 4)   - Av. Javier Prado Este 492 Int. 1001 Urb. Jard\u00edn San Isidro. Lima (Per\u00fa)  - 100%(j) - 100%(j) - Transmisi\u00f3n de energ\u00eda el\u00e9ctrica y la operaci\u00f3n y mantenimiento de redes de transmisi\u00f3n de electricidad. Red El\u00e9ctrica del Norte Per\u00fa, S.A.C. (Redelnor)   - Av. Javier Prado Este 492 Int. 1001 Urb. Jard\u00edn San Isidro. Lima (Per\u00fa)  - 100%(a) - 100%(a) - Transmisi\u00f3n de energ\u00eda el\u00e9ctrica y la operaci\u00f3n y mantenimiento de redes de transmisi\u00f3n de electricidad. Concesionaria L\u00ednea de Transmisi\u00f3n CCNCM, S.A.C. (CCNCM)   - Av. Javier Prado Este 492 Int. 1001 Urb. Jard\u00edn San Isidro. Lima (Per\u00fa)  - 100%(d) - 100%(d) - Transmisi\u00f3n de energ\u00eda el\u00e9ctrica y la operaci\u00f3n y mantenimiento de redes de transmisi\u00f3n de electricidad. Red El\u00e9ctrica Chile S.P.A. (Rech)   - Isidora Goyenechea 3000, Oficina 1602 Las Condes, Santiago (Chile)  - 100%(a) - 100%(a) - Adquisici\u00f3n, tenencia, administraci\u00f3n, direcci\u00f3n y gesti\u00f3n de valores.             Red El\u00e9ctrica del Norte S.A. (Redenor)   - Isidora Goyenechea 3000, Oficina 1602 Las Condes, Santiago (Chile)  - 69,9%(e) - 69,9%(e) - Transmisi\u00f3n de energ\u00eda el\u00e9ctrica y la operaci\u00f3n y mantenimiento de redes de transmisi\u00f3n de electricidad. Red El\u00e9ctrica del Norte 2 S.A. (Redenor 2)   - Isidora Goyenechea 3000, Oficina 1602 Las Condes, Santiago (Chile)  - 100%(e) - 100%(e) - Transmisi\u00f3n de energ\u00eda el\u00e9ctrica y la operaci\u00f3n y mantenimiento de redes de transmisi\u00f3n de electricidad. Red El\u00e9ctrica Brasil Holding Ltda. (REB)   - Av. Brigadeiro Faria Lima, N\u00ba 3729, 5\u00ba, 04538-905. S\u00e3o Paulo (Brasil)   100%(a) 100%(a) - Adquisici\u00f3n, tenencia, administraci\u00f3n, direcci\u00f3n y gesti\u00f3n de valores.             Hispasat S.A.   - Calle de Anabel Segura, 11. Alcobendas. Madrid. (Espa\u00f1a).  - 89,68%(f) (g) - 89,68%(f) (g) - Sociedad dominante del Subgrupo Hispasat. Explotaci\u00f3n del sistema de comu- nicaciones por sat\u00e9lite y prestaci\u00f3n del servicio de segmento espacial de las po- siciones orbitales geoestacionales atribuidas al Estado espa\u00f1ol. Hispasat Canarias, S.L.U.   - Calle Practicante Ignacio Rodriguez s/n Edificio Polivalente IV. Las Palmas de - 89,68%(g) - 89,68%(g) Gran Canaria (Espa\u00f1a) - Venta y arrendamiento de sat\u00e9lites as\u00ed como de su capacidad espacial .  - Sociedad  2022  2021  1 1 - Domicilio  Porcentaje de participaci\u00f3n  Porcentaje de participaci\u00f3n - Actividad principal  Directa  Indirecta  Directa  Indirecta Hispasat Brasil, Ltda.   - Praia do Flamengo, 200 Rio de Janeiro, (Brasil)  - 89,68%(g) - 89,68%(g) - Comercializaci\u00f3n de capacidad de sat\u00e9lite.             Hispamar Sat\u00e9lites, S.A.   - Praia do Flamengo, 200 Rio de Janeiro, (Brasil)  - 89,68% (g) - 89,68%(g) - Comercializaci\u00f3n de capacidad de sat\u00e9lite.             Hispamar Exterior, S.L.U.   - Paseo de la Castellana 39, 28046 Madrid (Espa\u00f1a).  - 89,68% (g) - 89,68%(g) - Comercializaci\u00f3n de capacidad de sat\u00e9lite.             Hispasat de M\u00e9xico, S.A. de C.V.   - Agust\u00edn Manuel Ch\u00e1vez 1-001 Col. Centro de Ciudad Santa Fe, M\u00e9xico D.F. - 89,68% (g) - 89,68%(g) (M\u00e9xico) - Uso del espectro radioel\u00e9ctrico, redes de telecomunicaciones y comunicaci\u00f3n v\u00eda sat\u00e9lite. Consultek Inc.   - 1036 Country Club Drive, Suite 202, Moraga, CA 94556. (Estados Unidos de - 89,68% (g) - 89,68%(g) Am\u00e9rica) -Servicios de consultor\u00eda t\u00e9cnica.             Hispamar Sat\u00e9lites, S.A. (Venezuela)   - Torre Phelps, piso 10 ofic. 10, Caracas (Venezuela)  - 89,68% (g) - 89,68% (g) -Comercializaci\u00f3n y prestaci\u00f3n de servicios de telecomunicaciones v\u00eda sat\u00e9lite.             Hispasat UK, LTD.   30 Finsbury Square, Londres. (Inglaterra)  - 89,68% (g) - 89,68% (g) -Comercializaci\u00f3n y prestaci\u00f3n de servicios de telecomunicaciones v\u00eda sat\u00e9lite.             Hispasat Per\u00fa, S.A.C.   Jr. Baca Flor N\u00b0 307, Dpto. N\u00b0 701, distrito de Magdalena del Mar. Lima (Per\u00fa)  - 89,68% (g) - 89,68% (g) -Comercializaci\u00f3n y prestaci\u00f3n de servicios de telecomunicaciones v\u00eda sat\u00e9lite.             Axess Networks Solutions, S.L.   Calle Beethoven 15, 2\u00ba 1\u00aa, 08021 Barcelona, (Espa\u00f1a)  - 89,68%(g) (h) - - - Actividad de gesti\u00f3n y administraci\u00f3n de valores representativos de los fondos propios de entidades no residentes en territorio espa\u00f1ol. Axess Networks Solutions Arabia Saudita, S.L   Calle Beethoven 15, 2\u00ba 1\u00aa, 08021 Barcelona, (Espa\u00f1a)  - 89,68%(g) (h) - - - Actividad de gesti\u00f3n y administraci\u00f3n de valores representativos de los fondos propios de entidades no residentes en territorio espa\u00f1ol. Axess Networks Solutions Holding Germany, GmbH   Falkenweg 1, 53809, Ruppichteroth, (Alemania)  - 89,68%(g) (h) - - - Adquisici\u00f3n, tenencia y gesti\u00f3n de inversiones en empresas activas vinculadas en el campo de la tecnolog\u00eda de telecomunicaciones. Axess Networks Solutions Germany, GmbH   Falkenweg 1, 53809, Ruppichteroth, (Alemania)  - 89,68%(g) (h) - - - Prestaci\u00f3n de Servicios de Telecomunicaciones.             Axess Networks Solutions UK Ltd   2nd Floor, 168 Shoreditch High Street, E1 6RA, Londres, (Reino Unido)  - 89,68%(g) (h) - - - Prestaci\u00f3n de Servicios de Telecomunicaciones.             - Sociedad  2022  2021  1  1 - Domicilio  Porcentaje de participaci\u00f3n Porcentaje de participaci\u00f3n - Actividad principal  Directa  Indirecta  Directa  Indirecta Axess Networks Solutions Colombia S.A.S.   Carrera 7 No. 71-52 Torre B Oficina. 501 en la ciudad de Bogot\u00e1 D.C., departa- - 89,68%(g) (h) - - mento de Cundinamarca, (Colombia). - Prestaci\u00f3n de Servicios de Telecomunicaciones.             Axess Networks Cyprus LTD   Ethnikis Antistaseos, 23, Flat/Office 303, 3025, Llimasol, (Chipre)  - 89,68%(g) (h) - - - Prestaci\u00f3n de Servicios de Telecomunicaciones.             Axess Networks Solutions Ecuador S.A.   Avenida de los Shyris E9-38 y B\u00e9lgica Edificio Shyrus Cetury, Piso 7 Quito, - 89,68%(g) (h) - - (Ecuador) - Prestaci\u00f3n de Servicios de Telecomunicaciones.             Axess Networks Solutions Per\u00fa S.A.C   Av. Alfredo Benavides Nro. 1555 Dpto. 301 \u2013 Urb. San Antonio \u2013 Miraflores \u2013 - 89,68%(g) (h) - - Lima. (Per\u00fa) - Prestaci\u00f3n de Servicios de Telecomunicaciones.             Ingux, S.A.   Ocean Bussines Plaza, Piso 23, Oficina 32-02, Calle Aquilino de la Guardia,  - 89,68%(g) (h) - - Ciudad de Panam\u00e1, (Panam\u00e1) - Prestaci\u00f3n de Servicios de Telecomunicaciones.             Axess Networks Solutions Chile S.A.   Isidora Goyenechea 3365, Piso 9, Comuna de Las Condes, Santiago de Chile. - 89,68%(g) (h) - - (Chile) - Prestaci\u00f3n de Servicios de Telecomunicaciones.             Axess Networks Solutions M\u00e9xico S.A de C.V   Av. Paseo de la Reforma 26, Piso 16, Col. Ju\u00e1rez, C.P. 06600 Del.  - 89,68%(g) (h) - - Cuauht\u00e9moc, Ciudad de M\u00e9xico. (M\u00e9xico) - Prestaci\u00f3n de Servicios de Telecomunicaciones.             Axesat Mobility S.A de C.V   Av. Paseo de la Reforma 26, Piso 16, Col. Ju\u00e1rez, C.P. 06600 Del.  - 89,68%(g) (h) - - Cuauht\u00e9moc, Ciudad de M\u00e9xico. (M\u00e9xico) Prestaci\u00f3n de Servicios de Telecomunicaciones.             HPS Corporativo S. de R.L de C.V   Mariano Escobedo No. 353-B, Interior 3A, Col. Polanco V Secci\u00f3n, Del. Miguel - 89,68%(g) (h) - - Hidalgo, CP 11560, Ciudad de M\u00e9xico. (M\u00e9xico) Prestaci\u00f3n de Servicios de Telecomunicaciones.             B) Sociedades consolidadas por el M\u00e9todo de Integraci\u00f3n Proporcional Interconexi\u00f3n El\u00e9ctrica Francia-Espa\u00f1a, S.A.S. (Inelfe)   - Inmueble Window, 7 C Place du D\u00f4me. Paris. (Francia)  - 50%(b) - 50%(b) - Estudio y ejecuci\u00f3n de Interconexiones el\u00e9ctricas entre Espa\u00f1a y Francia.             C) Sociedades consolidadas por el M\u00e9todo de la Participaci\u00f3n Transmisora El\u00e9ctrica del Norte S.A. (TEN)   - Avenida Apoquindo N\u00b03721, piso 6, Las Condes, Santiago (Chile)  - 50%(e) - 50%(e) - Transporte de energ\u00eda el\u00e9ctrica y la operaci\u00f3n y mantenimiento de redes de Transmisi\u00f3n de electricidad. Argo Energ\u00eda Empreendimentos y Participa\u00e7\u00f5es S.A.   - Calle Tabapu\u00e3, 841 \u2013 5\u00ba andar \u2013 Itaim Bibi \u2013 S\u00e3o Paulo/SP (Brasil)  - 50% (i) (k) - 50% (i) (k) - Adquisici\u00f3n, tenencia, administraci\u00f3n, direcci\u00f3n y gesti\u00f3n de valores.             Argo Transmiss\u00e3o de Energia S.A. (Argo I)   - Calle Tabapu\u00e3, 841 \u2013 5\u00ba andar \u2013 Itaim Bibi \u2013 S\u00e3o Paulo/SP (Brasil)  - 50% (k) - 50% (k) - Transmisi\u00f3n de energ\u00eda el\u00e9ctrica y la operaci\u00f3n y mantenimiento de redes de Transmisi\u00f3n de electricidad. ",
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    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
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  "fact-21": {
   "value": "Anexo I: Detalle de participaciones a 31 de diciembre de 2022 y 2021 Redeia Detalle de participaciones a 31 de diciembre de 2022 y 2021 - Sociedad  2022  2021  1 1 - Domicilio  Porcentaje de participaci\u00f3n Porcentaje de participaci\u00f3n - Actividad principal  Directa Indirecta Directa Indirecta Red El\u00e9ctrica Corporaci\u00f3n S.A., sociedad matriz, se constituy\u00f3 en 1985.       - Paseo Conde de los Gaitanes, 177. Alcobendas. Madrid. (Espa\u00f1a). - Gesti\u00f3n del grupo empresarial, prestaci\u00f3n de servicios de asistencia o apoyo a las sociedades participadas y explotaci\u00f3n de los inmuebles pro- piedad de la Sociedad. A) Sociedades Consolidadas por el M\u00e9todo de Integraci\u00f3n Global Red El\u00e9ctrica de Espa\u00f1a, S.A.U. (Red El\u00e9ctrica)   - Paseo Conde de los Gaitanes, 177. Alcobendas. Madrid. (Espa\u00f1a).  100% - 100% - - Transporte y operaci\u00f3n del sistema el\u00e9ctrico Espa\u00f1ol y gesti\u00f3n de la red de transporte. Red El\u00e9ctrica Internacional, S.A.U. (Redinter)   - Paseo Conde de los Gaitanes, 177. Alcobendas. Madrid. (Espa\u00f1a).  100% - 100% - - Adquisici\u00f3n y tenencia de participaciones internacionales. Prestaci\u00f3n de servi- cios de consultor\u00eda, ingenier\u00eda y construcci\u00f3n. Realizaci\u00f3n de actividades el\u00e9ctri- cas fuera del sistema el\u00e9ctrico espa\u00f1ol. Red El\u00e9ctrica Infraestructuras de Telecomunicaci\u00f3n, S.A. (Reintel)   - Paseo Conde de los Gaitanes, 177. Alcobendas. Madrid. (Espa\u00f1a).  51% - 100% - - Prestaci\u00f3n de servicios de consultor\u00eda, ingenier\u00eda, construcci\u00f3n y de telecomu- nicaciones. Red El\u00e9ctrica Infraestructuras en Canarias, S.A.U.   - Calle Juan de Quesada, 9. Las Palmas de Gran Canaria. (Espa\u00f1a).  100% - 100% - - Gesti\u00f3n de la construcci\u00f3n de instalaciones de almacenamiento de energ\u00eda y del ciclo del agua. Red El\u00e9ctrica de Espa\u00f1a Finance, S.L.U.   - Paseo Conde de los Gaitanes, 177. Alcobendas. Madrid. (Espa\u00f1a).  100% - 100% - - Actividades de financiaci\u00f3n.    Red El\u00e9ctrica Financiaciones, S.A.U.   - Paseo Conde de los Gaitanes, 177. Alcobendas. Madrid. (Espa\u00f1a).  100% - 100% - - Actividades de financiaci\u00f3n.   Red El\u00e9ctrica Sistemas de Telecomunicaciones, S.A.U.   - Paseo Conde de los Gaitanes, 177. Alcobendas. Madrid. (Espa\u00f1a).  100% - 100% - - Adquisici\u00f3n, tenencia, administraci\u00f3n, direcci\u00f3n y gesti\u00f3n de valores,  nacionales o extranjeros, representativos de fondos propios de entidades. Red El\u00e9ctrica y de Telecomunicaciones, Innovaci\u00f3n y Tecnolog\u00eda, S.A.U. (Elewit) - Paseo Conde de los Gaitanes, 177. Alcobendas. Madrid. (Espa\u00f1a).  100% - 100% - - Actividades orientadas al impulso y aceleraci\u00f3n de la innovaci\u00f3n tecnol\u00f3gica.   Redcor Reaseguros, S.A (Redcor)   - 26, Rue Louvigny. (Luxemburgo). - Actividades de reaseguro.  Constituida en 2010 en Luxemburgo para poder reasegurar los riesgos de las distintas sociedades del Grupo, garantizando un 100% - 100% - mejor acceso a los mercados de reaseguro internacionales.  Red El\u00e9ctrica Andina, S.A.C. (REA)   -Av. Javier Prado Este 492 Int. 1001 Urb. Jard\u00edn San Isidro. Lima (Per\u00fa)  - 100%(a) - 100%(a) - Prestaci\u00f3n de servicios de mantenimiento de l\u00edneas y subestaciones.  - Sociedad  2022  2021 1 1 - Domicilio  Porcentaje de participaci\u00f3n Porcentaje de participaci\u00f3n - Actividad principal  Directa  Indirecta  Directa  Indirecta Red El\u00e9ctrica del Sur, S.A. (Redesur)   - Av. Javier Prado Este 492 Int. 1001 Urb. Jard\u00edn San Isidro. Lima (Per\u00fa)  - 100%(a) - 100%(a) - Transporte de energ\u00eda el\u00e9ctrica y la operaci\u00f3n y mantenimiento de redes de Transporte de electricidad. Transmisora El\u00e9ctrica del Sur , S.A.C. (Tesur)   - Av. Javier Prado Este 492 Int. 1001 Urb. Jard\u00edn San Isidro. Lima (Per\u00fa)  - 100%(c) - 100%(c) - Transmisi\u00f3n de energ\u00eda el\u00e9ctrica y la operaci\u00f3n y mantenimiento de redes de transmisi\u00f3n de electricidad. Transmisora El\u00e9ctrica del Sur 2 , S.A.C. (Tesur 2)   - Av. Javier Prado Este 492 Int. 1001 Urb. Jard\u00edn San Isidro. Lima (Per\u00fa)  - 100%(c) - 100%(c) - Transmisi\u00f3n de energ\u00eda el\u00e9ctrica y la operaci\u00f3n y mantenimiento de redes de transmisi\u00f3n de electricidad. Transmisora El\u00e9ctrica del Sur 3 , S.A.C. (Tesur 3)   - Av. Javier Prado Este 492 Int. 1001 Urb. Jard\u00edn San Isidro. Lima (Per\u00fa)  - 100%(c) - 100%(c) - Transmisi\u00f3n de energ\u00eda el\u00e9ctrica y la operaci\u00f3n y mantenimiento de redes de transmisi\u00f3n de electricidad. Transmisora El\u00e9ctrica del Sur 4 , S.A.C. (Tesur 4)   - Av. Javier Prado Este 492 Int. 1001 Urb. Jard\u00edn San Isidro. Lima (Per\u00fa)  - 100%(j) - 100%(j) - Transmisi\u00f3n de energ\u00eda el\u00e9ctrica y la operaci\u00f3n y mantenimiento de redes de transmisi\u00f3n de electricidad. Red El\u00e9ctrica del Norte Per\u00fa, S.A.C. (Redelnor)   - Av. Javier Prado Este 492 Int. 1001 Urb. Jard\u00edn San Isidro. Lima (Per\u00fa)  - 100%(a) - 100%(a) - Transmisi\u00f3n de energ\u00eda el\u00e9ctrica y la operaci\u00f3n y mantenimiento de redes de transmisi\u00f3n de electricidad. Concesionaria L\u00ednea de Transmisi\u00f3n CCNCM, S.A.C. (CCNCM)   - Av. Javier Prado Este 492 Int. 1001 Urb. Jard\u00edn San Isidro. Lima (Per\u00fa)  - 100%(d) - 100%(d) - Transmisi\u00f3n de energ\u00eda el\u00e9ctrica y la operaci\u00f3n y mantenimiento de redes de transmisi\u00f3n de electricidad. Red El\u00e9ctrica Chile S.P.A. (Rech)   - Isidora Goyenechea 3000, Oficina 1602 Las Condes, Santiago (Chile)  - 100%(a) - 100%(a) - Adquisici\u00f3n, tenencia, administraci\u00f3n, direcci\u00f3n y gesti\u00f3n de valores.             Red El\u00e9ctrica del Norte S.A. (Redenor)   - Isidora Goyenechea 3000, Oficina 1602 Las Condes, Santiago (Chile)  - 69,9%(e) - 69,9%(e) - Transmisi\u00f3n de energ\u00eda el\u00e9ctrica y la operaci\u00f3n y mantenimiento de redes de transmisi\u00f3n de electricidad. Red El\u00e9ctrica del Norte 2 S.A. (Redenor 2)   - Isidora Goyenechea 3000, Oficina 1602 Las Condes, Santiago (Chile)  - 100%(e) - 100%(e) - Transmisi\u00f3n de energ\u00eda el\u00e9ctrica y la operaci\u00f3n y mantenimiento de redes de transmisi\u00f3n de electricidad. Red El\u00e9ctrica Brasil Holding Ltda. (REB)   - Av. Brigadeiro Faria Lima, N\u00ba 3729, 5\u00ba, 04538-905. S\u00e3o Paulo (Brasil)   100%(a) 100%(a) - Adquisici\u00f3n, tenencia, administraci\u00f3n, direcci\u00f3n y gesti\u00f3n de valores.             Hispasat S.A.   - Calle de Anabel Segura, 11. Alcobendas. Madrid. (Espa\u00f1a).  - 89,68%(f) (g) - 89,68%(f) (g) - Sociedad dominante del Subgrupo Hispasat. Explotaci\u00f3n del sistema de comu- nicaciones por sat\u00e9lite y prestaci\u00f3n del servicio de segmento espacial de las po- siciones orbitales geoestacionales atribuidas al Estado espa\u00f1ol. Hispasat Canarias, S.L.U.   - Calle Practicante Ignacio Rodriguez s/n Edificio Polivalente IV. Las Palmas de - 89,68%(g) - 89,68%(g) Gran Canaria (Espa\u00f1a) - Venta y arrendamiento de sat\u00e9lites as\u00ed como de su capacidad espacial .  - Sociedad  2022  2021  1 1 - Domicilio  Porcentaje de participaci\u00f3n  Porcentaje de participaci\u00f3n - Actividad principal  Directa  Indirecta  Directa  Indirecta Hispasat Brasil, Ltda.   - Praia do Flamengo, 200 Rio de Janeiro, (Brasil)  - 89,68%(g) - 89,68%(g) - Comercializaci\u00f3n de capacidad de sat\u00e9lite.             Hispamar Sat\u00e9lites, S.A.   - Praia do Flamengo, 200 Rio de Janeiro, (Brasil)  - 89,68% (g) - 89,68%(g) - Comercializaci\u00f3n de capacidad de sat\u00e9lite.             Hispamar Exterior, S.L.U.   - Paseo de la Castellana 39, 28046 Madrid (Espa\u00f1a).  - 89,68% (g) - 89,68%(g) - Comercializaci\u00f3n de capacidad de sat\u00e9lite.             Hispasat de M\u00e9xico, S.A. de C.V.   - Agust\u00edn Manuel Ch\u00e1vez 1-001 Col. Centro de Ciudad Santa Fe, M\u00e9xico D.F. - 89,68% (g) - 89,68%(g) (M\u00e9xico) - Uso del espectro radioel\u00e9ctrico, redes de telecomunicaciones y comunicaci\u00f3n v\u00eda sat\u00e9lite. Consultek Inc.   - 1036 Country Club Drive, Suite 202, Moraga, CA 94556. (Estados Unidos de - 89,68% (g) - 89,68%(g) Am\u00e9rica) -Servicios de consultor\u00eda t\u00e9cnica.             Hispamar Sat\u00e9lites, S.A. (Venezuela)   - Torre Phelps, piso 10 ofic. 10, Caracas (Venezuela)  - 89,68% (g) - 89,68% (g) -Comercializaci\u00f3n y prestaci\u00f3n de servicios de telecomunicaciones v\u00eda sat\u00e9lite.             Hispasat UK, LTD.   30 Finsbury Square, Londres. (Inglaterra)  - 89,68% (g) - 89,68% (g) -Comercializaci\u00f3n y prestaci\u00f3n de servicios de telecomunicaciones v\u00eda sat\u00e9lite.             Hispasat Per\u00fa, S.A.C.   Jr. Baca Flor N\u00b0 307, Dpto. N\u00b0 701, distrito de Magdalena del Mar. Lima (Per\u00fa)  - 89,68% (g) - 89,68% (g) -Comercializaci\u00f3n y prestaci\u00f3n de servicios de telecomunicaciones v\u00eda sat\u00e9lite.             Axess Networks Solutions, S.L.   Calle Beethoven 15, 2\u00ba 1\u00aa, 08021 Barcelona, (Espa\u00f1a)  - 89,68%(g) (h) - - - Actividad de gesti\u00f3n y administraci\u00f3n de valores representativos de los fondos propios de entidades no residentes en territorio espa\u00f1ol. Axess Networks Solutions Arabia Saudita, S.L   Calle Beethoven 15, 2\u00ba 1\u00aa, 08021 Barcelona, (Espa\u00f1a)  - 89,68%(g) (h) - - - Actividad de gesti\u00f3n y administraci\u00f3n de valores representativos de los fondos propios de entidades no residentes en territorio espa\u00f1ol. Axess Networks Solutions Holding Germany, GmbH   Falkenweg 1, 53809, Ruppichteroth, (Alemania)  - 89,68%(g) (h) - - - Adquisici\u00f3n, tenencia y gesti\u00f3n de inversiones en empresas activas vinculadas en el campo de la tecnolog\u00eda de telecomunicaciones. Axess Networks Solutions Germany, GmbH   Falkenweg 1, 53809, Ruppichteroth, (Alemania)  - 89,68%(g) (h) - - - Prestaci\u00f3n de Servicios de Telecomunicaciones.             Axess Networks Solutions UK Ltd   2nd Floor, 168 Shoreditch High Street, E1 6RA, Londres, (Reino Unido)  - 89,68%(g) (h) - - - Prestaci\u00f3n de Servicios de Telecomunicaciones. - Sociedad  2022  2021  1  1 - Domicilio  Porcentaje de participaci\u00f3n Porcentaje de participaci\u00f3n - Actividad principal  Directa  Indirecta  Directa  Indirecta Axess Networks Solutions Colombia S.A.S.   Carrera 7 No. 71-52 Torre B Oficina. 501 en la ciudad de Bogot\u00e1 D.C., departa- - 89,68%(g) (h) - - mento de Cundinamarca, (Colombia). - Prestaci\u00f3n de Servicios de Telecomunicaciones.             Axess Networks Cyprus LTD   Ethnikis Antistaseos, 23, Flat/Office 303, 3025, Llimasol, (Chipre)  - 89,68%(g) (h) - - - Prestaci\u00f3n de Servicios de Telecomunicaciones.             Axess Networks Solutions Ecuador S.A.   Avenida de los Shyris E9-38 y B\u00e9lgica Edificio Shyrus Cetury, Piso 7 Quito, - 89,68%(g) (h) - - (Ecuador) - Prestaci\u00f3n de Servicios de Telecomunicaciones.             Axess Networks Solutions Per\u00fa S.A.C   Av. Alfredo Benavides Nro. 1555 Dpto. 301 \u2013 Urb. San Antonio \u2013 Miraflores \u2013 - 89,68%(g) (h) - - Lima. (Per\u00fa) - Prestaci\u00f3n de Servicios de Telecomunicaciones.             Ingux, S.A.   Ocean Bussines Plaza, Piso 23, Oficina 32-02, Calle Aquilino de la Guardia,  - 89,68%(g) (h) - - Ciudad de Panam\u00e1, (Panam\u00e1) - Prestaci\u00f3n de Servicios de Telecomunicaciones.             Axess Networks Solutions Chile S.A.   Isidora Goyenechea 3365, Piso 9, Comuna de Las Condes, Santiago de Chile. - 89,68%(g) (h) - - (Chile) - Prestaci\u00f3n de Servicios de Telecomunicaciones.             Axess Networks Solutions M\u00e9xico S.A de C.V   Av. Paseo de la Reforma 26, Piso 16, Col. Ju\u00e1rez, C.P. 06600 Del.  - 89,68%(g) (h) - - Cuauht\u00e9moc, Ciudad de M\u00e9xico. (M\u00e9xico) - Prestaci\u00f3n de Servicios de Telecomunicaciones.             Axesat Mobility S.A de C.V   Av. Paseo de la Reforma 26, Piso 16, Col. Ju\u00e1rez, C.P. 06600 Del.  - 89,68%(g) (h) - - Cuauht\u00e9moc, Ciudad de M\u00e9xico. (M\u00e9xico) Prestaci\u00f3n de Servicios de Telecomunicaciones.             HPS Corporativo S. de R.L de C.V   Mariano Escobedo No. 353-B, Interior 3A, Col. Polanco V Secci\u00f3n, Del. Miguel - 89,68%(g) (h) - - Hidalgo, CP 11560, Ciudad de M\u00e9xico. (M\u00e9xico) Prestaci\u00f3n de Servicios de Telecomunicaciones.             B) Sociedades consolidadas por el M\u00e9todo de Integraci\u00f3n Proporcional Interconexi\u00f3n El\u00e9ctrica Francia-Espa\u00f1a, S.A.S. (Inelfe)   - Inmueble Window, 7 C Place du D\u00f4me. Paris. (Francia)  - 50%(b) - 50%(b) - Estudio y ejecuci\u00f3n de Interconexiones el\u00e9ctricas entre Espa\u00f1a y Francia.             C) Sociedades consolidadas por el M\u00e9todo de la Participaci\u00f3n Transmisora El\u00e9ctrica del Norte S.A. (TEN)   - Avenida Apoquindo N\u00b03721, piso 6, Las Condes, Santiago (Chile)  - 50%(e) - 50%(e) - Transporte de energ\u00eda el\u00e9ctrica y la operaci\u00f3n y mantenimiento de redes de Transmisi\u00f3n de electricidad. Argo Energ\u00eda Empreendimentos y Participa\u00e7\u00f5es S.A.   - Calle Tabapu\u00e3, 841 \u2013 5\u00ba andar \u2013 Itaim Bibi \u2013 S\u00e3o Paulo/SP (Brasil)  - 50% (i) (k) - 50% (i) (k) - Adquisici\u00f3n, tenencia, administraci\u00f3n, direcci\u00f3n y gesti\u00f3n de valores.             Argo Transmiss\u00e3o de Energia S.A. (Argo I)   - Calle Tabapu\u00e3, 841 \u2013 5\u00ba andar \u2013 Itaim Bibi \u2013 S\u00e3o Paulo/SP (Brasil)  - 50% (k) - 50% (k) - Transmisi\u00f3n de energ\u00eda el\u00e9ctrica y la operaci\u00f3n y mantenimiento de redes de Transmisi\u00f3n de electricidad. - Sociedad  2022  2021 1 1 - Domicilio  Porcentaje de participaci\u00f3n Porcentaje de participaci\u00f3n - Actividad principal  Directa Indirecta Directa Indirecta Argo II Transmiss\u00e3o de Energia S.A. (Argo II)   - Calle Tabapu\u00e3, 841 \u2013 5\u00ba andar \u2013 Itaim Bibi \u2013 S\u00e3o Paulo/SP (Brasil)  - 50% (k) - 50% (k) - Transmisi\u00f3n de energ\u00eda el\u00e9ctrica y la operaci\u00f3n y mantenimiento de redes de transmisi\u00f3n de electricidad. Argo III T Transmiss\u00e3o de Energia S.A. (Argo III)   - Calle Tabapu\u00e3, 841 \u2013 5\u00ba andar \u2013 Itaim Bibi \u2013 S\u00e3o Paulo/SP (Brasil)  - 50% (k) - 50% (k) - Transmisi\u00f3n de energ\u00eda el\u00e9ctrica y la operaci\u00f3n y mantenimiento de redes de transmisi\u00f3n de electricidad. Argo IV Transmiss\u00e3o de Energia S.A. (Argo IV)   - Calle Tabapu\u00e3, 841 \u2013 5\u00ba andar \u2013 Itaim Bibi \u2013 S\u00e3o Paulo/SP (Brasil)  - 50% (k) - 50% (k) - Transmisi\u00f3n de energ\u00eda el\u00e9ctrica y la operaci\u00f3n y mantenimiento de redes de Transmisi\u00f3n de electricidad. Argeb Energia Empreendimentos e Participa\u00e7\u00f5es S.A. (Argeb)   - Calle Tabapu\u00e3, 841 \u2013 5\u00ba andar \u2013 Itaim Bibi \u2013 S\u00e3o Paulo/SP (Brasil)  - 31,25% (k) - - - Adquisici\u00f3n, tenencia, administraci\u00f3n, direcci\u00f3n y gesti\u00f3n de valores.             Argo V Transmiss\u00e3o de Energia S.A. (Argo V)   - Calle Tabapu\u00e3, 841 \u2013 5\u00ba andar \u2013 Itaim Bibi \u2013 S\u00e3o Paulo/SP (Brasil)  - 31,25% (k) - - - Transmisi\u00f3n de energ\u00eda el\u00e9ctrica y la operaci\u00f3n y mantenimiento de redes de Transmisi\u00f3n de electricidad. Argo VI Transmiss\u00e3o de Energia S.A. (Argo VI)   - Calle Tabapu\u00e3, 841 \u2013 5\u00ba andar \u2013 Itaim Bibi \u2013 S\u00e3o Paulo/SP (Brasil)  - 31,25% (k) - - - Transmisi\u00f3n de energ\u00eda el\u00e9ctrica y la operaci\u00f3n y mantenimiento de redes de Transmisi\u00f3n de electricidad. Transmissora Jos\u00e9 Maria de Macedo de Eletricidade S.A. (Argo VII)   - Calle Tabapu\u00e3, 841 \u2013 5\u00ba andar \u2013 Itaim Bibi \u2013 S\u00e3o Paulo/SP (Brasil)  - 31,25% (k) - - - Transmisi\u00f3n de energ\u00eda el\u00e9ctrica y la operaci\u00f3n y mantenimiento de redes de transmisi\u00f3n de electricidad. Giovanni Sanguinetti Transmissora de Energia S.A.  (Argo VIII)   - Calle Tabapu\u00e3, 841 \u2013 5\u00ba andar \u2013 Itaim Bibi \u2013 S\u00e3o Paulo/SP (Brasil)  - 31,25% (k) - - - Transmisi\u00f3n de energ\u00eda el\u00e9ctrica y la operaci\u00f3n y mantenimiento de redes de transmisi\u00f3n de electricidad. Argo IX Transmiss\u00e3o de Energia S.A. (Argo IX)   - Calle Tabapu\u00e3, 841 \u2013 5\u00ba andar \u2013 Itaim Bibi \u2013 S\u00e3o Paulo/SP (Brasil)  - 31,25% (k) - - - Transmisi\u00f3n de energ\u00eda el\u00e9ctrica y la operaci\u00f3n y mantenimiento de redes de transmisi\u00f3n de electricidad. Hisdesat Servicios Estrat\u00e9gicos, S.A.   - Paseo de la Castellana 143, 28046 Madrid (Espa\u00f1a)  - 38,56%(g) - 38,56%(g) - Comercializaci\u00f3n de sistemas espaciales de aplicaci\u00f3n gubernamental.             Grupo de Navegaci\u00f3n Sistemas y Servicios, S.L.    - Calle Isaac Newton 1, Madrid (Espa\u00f1a)  - 12,82%(g) - 12,82%(g) - Explotaci\u00f3n de sistemas de sat\u00e9lites.             Axess Saudi Arabian Telecommunications Company    2870 Tariq Ibn Ziad - Qurtubah Dist. Unit No. 28, Al Khobar 34234 - 7097,  - 43,94%(g) (h) - - (Arabia Saud\u00ed) - Prestaci\u00f3n de Servicios de Telecomunicaciones.             Grupo Sylvestris, S.L.   Paseo de la Ermita del Santo 5, 28011 Madrid (Espa\u00f1a)  - 9,73%(g) - - - Reforestaci\u00f3n de terrenos.   Sociedad  2022  2021 Porcentaje de Porcentaje de  - Domicilio (1) (1) participaci\u00f3n participaci\u00f3n - Actividad principal  Directa Indirecta Directa Indirecta 2 Zeleros Global, S.L. - Muelle de la aduana s/n, Edificio Lanzadera, 46024, Valencia. (Espa\u00f1a)  - - - 5,91%(l) - Investigaci\u00f3n y desarrollo de nuevas tecnolog\u00edas aplicadas al sector del transporte.             Okto Grid ApS   Gammel Kongevej 11, 5. 1610 K\u00f8benhavn V, (Dinamarca)  - 13,07%(l) - - - Soluciones de medici\u00f3n para la industria de energ\u00eda.             Nearby Computing, S.L.   - Travessera de Gr\u00e0cia 18, 3r, 3a, 08021 Barcelona. (Espa\u00f1a)  - 11,71%(l) - 11,71%(l) - Desarrollo de software y/o aplicaciones inform\u00e1ticas.   Hybrid Energy Storage Solutions, S.L.    - Av. Benjam\u00edn Franklin, 12, M\u00f3d. N\u00ba24, 46980 Paterna, Valencia. (Espa\u00f1a)  - 19,61%(l) - 19,61%(l) - Dise\u00f1o, producci\u00f3n y venta de soluciones tecnol\u00f3gicas de almacenamiento de energ\u00eda para la nueva generaci\u00f3n de redes el\u00e9ctricas.   Aerolaser System, S.L.    - Av. Jos\u00e9 Mesa y L\u00f3pez, 45, L. D4, 35010 Las Palmas de Gran Canaria. (Espa\u00f1a)  - 15,79%(l) - 15,79%(l) - Desarrollo y comercializaci\u00f3n de soluciones tecnol\u00f3gicas en el campo de la sens\u00f3- rica para tecnolog\u00eda geoespacial.   1 Equivalente a derechos de voto. 2 La sociedad ha salido del per\u00edmetro de consolidaci\u00f3n en 2022 (ver nota 2.g). (a) Participaci\u00f3n a trav\u00e9s de Red El\u00e9ctrica Internacional S.A.U. (b) Participaci\u00f3n a trav\u00e9s de Red El\u00e9ctrica de Espa\u00f1a S.A.U. (c) Participaci\u00f3n a trav\u00e9s de Red El\u00e9ctrica del Sur, S.A. (d) Participaci\u00f3n a trav\u00e9s de Red El\u00e9ctrica del Norte Per\u00fa, S.A.C. (e) Participaci\u00f3n a trav\u00e9s de Red El\u00e9ctrica Chile SpA. (f) Participaci\u00f3n a trav\u00e9s de Red El\u00e9ctrica Sistemas de Telecomunicaciones, S.A.U. (g)  Sociedad perteneciente al Subgrupo Hispasat cuya matriz es Hispasat, S.A. (h) Sociedad perteneciente al Subgrupo Axess cuya matriz es Axess Networks Solutions, S.L. (i) Participaci\u00f3n a trav\u00e9s de Red El\u00e9ctrica Brasil Holding Ltda. (j) Participaci\u00f3n a trav\u00e9s de Red El\u00e9ctrica del Sur, S.A. y Red El\u00e9ctrica Internacional S.A.U. (k)  Sociedad perteneciente al Subgrupo Argo cuya matriz es Argo Energ\u00eda Empreendimentos y Participa\u00e7\u00f5es. S.A. (l) Participaci\u00f3n a trav\u00e9s de Red El\u00e9ctrica y de Telecomunicaciones, Innovaci\u00f3n y Tecnolog\u00eda, S.A.U .",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestsInOtherEntitiesExplanatory",
    "language": "es",
    "entity": "scheme:5493009HMD0C90GUV498",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
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 }
}