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   "value": "1.  Actividad del Grupo  Ence Energ\u00eda y Celulosa, S.A. (en adelante \u201cla Sociedad Dominante\u201d) se constituy\u00f3 en el a\u00f1o 1968 y tiene ubicado su domicilio social en la Calle Beatriz de Bobadilla, 14 de Madrid (Espa\u00f1a). Anteriormente utiliz\u00f3 las denominaciones Empresa Nacional de Celulosas, S.A. hasta el a\u00f1o 1999 y Grupo Empresarial ENCE, S.A. hasta el a\u00f1o 2012.  Su objeto social, de acuerdo a lo establecido en sus estatutos, consiste en: a)   la fabricaci\u00f3n de pastas celul\u00f3sicas y derivados de estas, obtenci\u00f3n de productos y elementos necesarios para aqu\u00e9llas y aprovechamiento de los subproductos resultantes de ambas; b)   la producci\u00f3n por cualquier medio, venta y utilizaci\u00f3n de energ\u00eda el\u00e9ctrica, as\u00ed como de otras fuentes de energ\u00eda,  y  de  las  materias  o  energ\u00edas  primarias  necesarias  para  su  generaci\u00f3n,  de  acuerdo  con  las posibilidades previstas en la legislaci\u00f3n vigente; y su comercializaci\u00f3n, compraventa y suministro, bajo cualquiera de las modalidades permitidas por la ley.  c)   el cultivo, explotaci\u00f3n y aprovechamiento de bosques y masas forestales, trabajos de forestaci\u00f3n, y realizaci\u00f3n de trabajos y servicios especializados de tipo forestal. La preparaci\u00f3n y transformaci\u00f3n de productos  forestales.  El  aprovechamiento  y  explotaci\u00f3n  mercantil  y  comercializaci\u00f3n  en  todos  los \u00f3rdenes  de  los  productos  forestales  (incluyendo  biomasa  y  cultivos  energ\u00e9ticos  forestales),  sus derivados y subproductos. Estudios y proyectos forestales; d)   el proyecto, promoci\u00f3n, desarrollo, construcci\u00f3n, operaci\u00f3n y mantenimiento, de las instalaciones a que se refiere los apartados a), b) y c) anteriores. Ence  Energ\u00eda  y  Celulosa,  S.A.  y  su  Grupo  de  empresas  (en  adelante  \u201cGrupo\u201d,  \u201cENCE\u201d  o  \u201cGrupo  Ence\u201d) desarrolla su actividad en torno a dos negocios: Negocio \u201cCelulosa\u201d- Comprende la producci\u00f3n de celulosa a partir de madera de eucalipto, tipos BEKP (Bleached Eucalyptus Kraft Pulp) con calidades de blanqueo ECF (libre de cloro elemental) y TCF (totalmente libre de cloro), y UEKP (Un- bleached Eucalyptus Kraft Pulp).  Para  llevar  a  cabo  esta  actividad,  el  Grupo  dispone  de  2  biof\u00e1bricas  ubicadas  en  Espa\u00f1a,  en  Asturias  y Pontevedra, con una capacidad nominal conjunta de, aproximadamente, 1.200.000 toneladas anuales. Ambas plantas tienen implantado el proceso Kraft para la producci\u00f3n de celulosa. Este proceso productivo incluye la cogeneraci\u00f3n de energ\u00eda el\u00e9ctrica utilizando la parte de la madera que no puede transformarse en celulosa; lignina/biomasa. La capacidad nominal instalada de generaci\u00f3n de energ\u00eda el\u00e9ctrica integrada en las biof\u00e1bricas de celulosa de Asturias y Pontevedra es de 111 megavatios. Asimismo, el Grupo gestiona en la Pen\u00ednsula Ib\u00e9rica una superficie patrimonial total de 64.135 hect\u00e1reas productivas, de las que 43.309 hect\u00e1reas son en propiedad. Negocio \u201cRenovables\u201d- Comprende  los  negocios  que  se  agrupan  y  desarrollan  bajo  la  sociedad  Ence  Renovables,  S.L.  y  que  se compone de las siguientes actividades: Biomasa ENCE  Renovables, a trav\u00e9s del subgrupo del que  es cabecera Magnon  Green Energy, S.L. (MAGNON),  ha desarrollado  y  adquirido  diversos  proyectos  de  generaci\u00f3n  de  energ\u00eda  el\u00e9ctrica  renovable  con  biomasa procedente  de  subproductos  agroforestales  como  actividad  independiente  y  separada  de  su  negocio celul\u00f3sico. La capacidad de generaci\u00f3n de energ\u00eda el\u00e9ctrica renovable, actualmente en operaci\u00f3n, es de 266 MW de acuerdo con el siguiente detalle: Ubicaci\u00f3n Potencia MW Vida Regulatoria Huelva 50 2037 Huelva 41 2025 Huelva 46 2045 M\u00e9rida 20 2039 Ja\u00e9n 16 2027 Ciudad Real 16 2027 C\u00f3rdoba 14 2031 C\u00f3rdoba 13 2030 Ciudad Real 50 2045 Adicionalmente, el Grupo est\u00e1 llevando a cabo la tramitaci\u00f3n administrativa de 2 proyectos de generaci\u00f3n de energ\u00eda  renovable  con  biomasa,  con  una  potencia  agregada  de  100  MW  renovables,  para  los  que  ya  se dispone de acceso a red y localizaciones aseguradas. Se ha completado la tramitaci\u00f3n de uno de ellos y se espera completar la tramitaci\u00f3n del segundo en 2024. Fotovoltaico MAGNON ha desarrollado una cartera de 5 proyectos fotovoltaicos con una potencia conjunta de 373 MW ubicados en Ja\u00e9n, dos en Huelva, Sevilla, y Granada cuyo destino es su venta a terceros, una vez iniciada su construcci\u00f3n. En diciembre de  2021 Magnon Green  Energy,  S.L.,  firm\u00f3 un acuerdo para la venta a un tercero  de  los 5 proyectos, una vez se hubiera completado la tramitaci\u00f3n administrativa y se hubiera iniciado su construcci\u00f3n. Dicho acuerdo ha sido revisado en 2023 reduciendo el alcance a 3 proyectos, que representan una potencia conjunta de 273 MW. En este sentido, en el ejercicio 2023 se ha perfeccionado la venta de dos de ellos, que representan una capacidad conjunta de 140 MW, por un precio de 38,1 millones \u20ac y su venta ha generado una plusval\u00eda por importe de 26,7 millones \u20ac. Este ingreso se encuentra recogido en el ep\u00edgrafe \u201cIngresos ordinarios\u201d del Estado de Resultados. Se espera completar la venta de los tres proyectos restantes en 2024 con un ingreso estimado en el rango 22-26 millones \u20ac. Asimismo, ENCE est\u00e1 promoviendo nuevos proyectos de generaci\u00f3n de energ\u00eda fotovoltaica con localizaci\u00f3n asegurada y acceso a red en fase de tramitaci\u00f3n, con el fin de continuar con la diversificaci\u00f3n de tecnolog\u00edas renovables. Biog\u00e1s Durante el ejercicio 2022 ENCE Renovables inici\u00f3 el desarrollo de la actividad de producci\u00f3n de gas renovable (biometano)  a  partir  de  subproductos  agr\u00edcolas  y  ganaderos  para  su  inyecci\u00f3n  a  la  red  de  gas  natural, mediante  la  tramitaci\u00f3n  administrativa  de  distintos proyectos.  En  este sentido,  en  marzo  de 2023, Ence Biog\u00e1s, S.L., filial del Grupo ENCE, firm\u00f3 un contrato para el desarrollo de la ingenier\u00eda conceptual de 6 plantas de biometano en Espa\u00f1a, cuya entrada en funcionamiento est\u00e1 prevista para finales del a\u00f1o 2025 y 2026. Ence  biog\u00e1s  tiene  el  objetivo  de  desarrollar  20  plantas  de  biometano  durante  los  pr\u00f3ximos  5  a\u00f1os  con capacidad para suministrar m\u00e1s de 1TWh de biometano al a\u00f1o, y ya cuenta con una cartera de 15 proyectos en desarrollo en Espa\u00f1a, incluyendo las 6 plantas mencionadas. Servicios energ\u00e9ticos ENCE ha iniciado en 2023 la  actividad de  tenencia  y  operaci\u00f3n  de calderas  de biomasa para reemplazar equipos  alimentados  con  combustibles  f\u00f3siles  en  instalaciones  industriales,  por  la  generaci\u00f3n  de  calor renovable. ENCE CO2 El patrimonio forestal de Ence no solo produce madera para celulosa, sino que tambi\u00e9n captura anualmente m\u00e1s de 600.000 toneladas de CO2 de la atm\u00f3sfera. Parte de este patrimonio forestal produce cr\u00e9ditos de carbono  que  pueden  venderse  en  los  mercados  voluntarios  de  CO2  para  ayudar  a  otras  empresas  a compensar su huella de carbono. Asimismo, la biomasa agr\u00edcola y forestal es la \u00fanica fuente de CO2 biog\u00e9nico, que es  una materia prima necesaria para la producci\u00f3n de combustibles verdes. El grupo ENCE produce anualmente cerca de 6 Mn de toneladas CO2 biog\u00e9nico y est\u00e1 analizando la viabilidad de su uso para la producci\u00f3n de combustibles verdes en el futuro. Otros- En la p\u00e1gina web www.ence.es pueden consultarse los estatutos sociales y otra informaci\u00f3n p\u00fablica de ENCE. La totalidad de las acciones de la Sociedad Dominante est\u00e1n representadas mediante anotaciones en cuenta y est\u00e1n admitidas a negociaci\u00f3n oficial en las Bolsas de Valores Espa\u00f1olas y en el Sistema de Interconexi\u00f3n Burs\u00e1til Espa\u00f1ol (Mercado Continuo).",
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   "value": "Su objeto social, de acuerdo a lo establecido en sus estatutos, consiste en: a)   la fabricaci\u00f3n de pastas celul\u00f3sicas y derivados de estas, obtenci\u00f3n de productos y elementos necesarios para aqu\u00e9llas y aprovechamiento de los subproductos resultantes de ambas; b)   la producci\u00f3n por cualquier medio, venta y utilizaci\u00f3n de energ\u00eda el\u00e9ctrica, as\u00ed como de otras fuentes de energ\u00eda,  y  de  las  materias  o  energ\u00edas  primarias  necesarias  para  su  generaci\u00f3n,  de  acuerdo  con  las posibilidades previstas en la legislaci\u00f3n vigente; y su comercializaci\u00f3n, compraventa y suministro, bajo cualquiera de las modalidades permitidas por la ley.  c)   el cultivo, explotaci\u00f3n y aprovechamiento de bosques y masas forestales, trabajos de forestaci\u00f3n, y realizaci\u00f3n de trabajos y servicios especializados de tipo forestal. La preparaci\u00f3n y transformaci\u00f3n de productos  forestales.  El  aprovechamiento  y  explotaci\u00f3n  mercantil  y  comercializaci\u00f3n  en  todos  los \u00f3rdenes  de  los  productos  forestales  (incluyendo  biomasa  y  cultivos  energ\u00e9ticos  forestales),  sus derivados y subproductos. Estudios y proyectos forestales; d)   el proyecto, promoci\u00f3n, desarrollo, construcci\u00f3n, operaci\u00f3n y mantenimiento, de las instalaciones a que se refiere los apartados a), b) y c) anteriores. Ence  Energ\u00eda  y  Celulosa,  S.A.  y  su  Grupo  de  empresas  (en  adelante  \u201cGrupo\u201d,  \u201cENCE\u201d  o  \u201cGrupo  Ence\u201d) desarrolla su actividad en torno a dos negocios: Negocio \u201cCelulosa\u201d- Comprende la producci\u00f3n de celulosa a partir de madera de eucalipto, tipos BEKP (Bleached Eucalyptus Kraft Pulp) con calidades de blanqueo ECF (libre de cloro elemental) y TCF (totalmente libre de cloro), y UEKP (Un- bleached Eucalyptus Kraft Pulp).  Para  llevar  a  cabo  esta  actividad,  el  Grupo  dispone  de  2  biof\u00e1bricas  ubicadas  en  Espa\u00f1a,  en  Asturias  y Pontevedra, con una capacidad nominal conjunta de, aproximadamente, 1.200.000 toneladas anuales. Ambas plantas tienen implantado el proceso Kraft para la producci\u00f3n de celulosa. Este proceso productivo incluye la cogeneraci\u00f3n de energ\u00eda el\u00e9ctrica utilizando la parte de la madera que no puede transformarse en celulosa; lignina/biomasa. La capacidad nominal instalada de generaci\u00f3n de energ\u00eda el\u00e9ctrica integrada en las biof\u00e1bricas de celulosa de Asturias y Pontevedra es de 111 megavatios.  Asimismo, el Grupo gestiona en la Pen\u00ednsula Ib\u00e9rica una superficie patrimonial total de 64.135 hect\u00e1reas  productivas, de las que 43.309 hect\u00e1reas son en propiedad.  Negocio \u201cRenovables\u201d-  Comprende  los  negocios  que  se  agrupan  y  desarrollan  bajo  la  sociedad  Ence  Renovables,  S.L.  y  que  se  compone de las siguientes actividades:  Biomasa  ENCE  Renovables, a trav\u00e9s del subgrupo del que  es cabecera Magnon  Green Energy, S.L. (MAGNON),  ha  desarrollado  y  adquirido  diversos  proyectos  de  generaci\u00f3n  de  energ\u00eda  el\u00e9ctrica  renovable  con  biomasa  procedente  de  subproductos  agroforestales  como  actividad  independiente  y  separada  de  su  negocio  celul\u00f3sico. La capacidad de generaci\u00f3n de energ\u00eda el\u00e9ctrica renovable, actualmente en operaci\u00f3n, es de 266  MW de acuerdo con el siguiente detalle:    Ubicaci\u00f3n  Potencia  MW  Vida  Regulatoria  Huelva  50  2037  Huelva  41  2025  Huelva  46  2045  M\u00e9rida  20  2039  Ja\u00e9n  16  2027  Ciudad Real  16  2027  C\u00f3rdoba  14  2031  C\u00f3rdoba  13  2030  Ciudad Real  50  2045    Adicionalmente, el Grupo est\u00e1 llevando a cabo la tramitaci\u00f3n administrativa de 2 proyectos de generaci\u00f3n de  energ\u00eda  renovable  con  biomasa,  con  una  potencia  agregada  de  100  MW  renovables,  para  los  que  ya  se  dispone de acceso a red y localizaciones aseguradas. Se ha completado la tramitaci\u00f3n de uno de ellos y se  espera completar la tramitaci\u00f3n del segundo en 2024.  Fotovoltaico  MAGNON ha desarrollado una cartera de 5 proyectos fotovoltaicos con una potencia conjunta de 373 MW  ubicados en Ja\u00e9n, dos en Huelva, Sevilla, y Granada cuyo destino es su venta a terceros, una vez iniciada su  construcci\u00f3n.  En diciembre de  2021 Magnon Green  Energy,  S.L.,  firm\u00f3 un acuerdo para la venta a un tercero  de  los 5  proyectos, una vez se hubiera completado la tramitaci\u00f3n administrativa y se hubiera iniciado su construcci\u00f3n.  Dicho acuerdo ha sido revisado en 2023 reduciendo el alcance a 3 proyectos, que representan una potencia  conjunta de 273 MW. En este sentido, en el ejercicio 2023 se ha perfeccionado la venta de dos de ellos, que  representan una capacidad conjunta de 140 MW, por un precio de 38,1 millones \u20ac y su venta ha generado  una plusval\u00eda por importe de 26,7 millones \u20ac. Este ingreso se encuentra recogido en el ep\u00edgrafe \u201cIngresos  ordinarios\u201d del Estado de Resultados. Se espera completar la venta de los tres proyectos restantes en 2024  con un ingreso estimado en el rango 22-26 millones \u20ac.  Asimismo, ENCE est\u00e1 promoviendo nuevos proyectos de generaci\u00f3n de energ\u00eda fotovoltaica con localizaci\u00f3n asegurada y acceso a red en fase de tramitaci\u00f3n, con el fin de continuar con la diversificaci\u00f3n de tecnolog\u00edas renovables. Biog\u00e1s Durante el ejercicio 2022 ENCE Renovables inici\u00f3 el desarrollo de la actividad de producci\u00f3n de gas renovable (biometano)  a  partir  de  subproductos  agr\u00edcolas  y  ganaderos  para  su  inyecci\u00f3n  a  la  red  de  gas  natural, mediante  la  tramitaci\u00f3n  administrativa  de  distintos proyectos.  En  este sentido,  en  marzo  de 2023, Ence Biog\u00e1s, S.L., filial del Grupo ENCE, firm\u00f3 un contrato para el desarrollo de la ingenier\u00eda conceptual de 6 plantas de biometano en Espa\u00f1a, cuya entrada en funcionamiento est\u00e1 prevista para finales del a\u00f1o 2025 y 2026. Ence  biog\u00e1s  tiene  el  objetivo  de  desarrollar  20  plantas  de  biometano  durante  los  pr\u00f3ximos  5  a\u00f1os  con capacidad para suministrar m\u00e1s de 1TWh de biometano al a\u00f1o, y ya cuenta con una cartera de 15 proyectos en desarrollo en Espa\u00f1a, incluyendo las 6 plantas mencionadas. Servicios energ\u00e9ticos ENCE ha iniciado en 2023 la  actividad de  tenencia  y  operaci\u00f3n  de calderas  de biomasa para reemplazar equipos  alimentados  con  combustibles  f\u00f3siles  en  instalaciones  industriales,  por  la  generaci\u00f3n  de  calor renovable. ENCE CO2 El patrimonio forestal de Ence no solo produce madera para celulosa, sino que tambi\u00e9n captura anualmente m\u00e1s de 600.000 toneladas de CO2 de la atm\u00f3sfera. Parte de este patrimonio forestal produce cr\u00e9ditos de carbono  que  pueden  venderse  en  los  mercados  voluntarios  de  CO2  para  ayudar  a  otras  empresas  a compensar su huella de carbono. Asimismo, la biomasa agr\u00edcola y forestal es la \u00fanica fuente de CO2 biog\u00e9nico, que es  una materia prima necesaria para la producci\u00f3n de combustibles verdes. El grupo ENCE produce anualmente cerca de 6 Mn de toneladas CO2 biog\u00e9nico y est\u00e1 analizando la viabilidad de su uso para la producci\u00f3n de combustibles verdes en el futuro. Otros- En la p\u00e1gina web www.ence.es pueden consultarse los estatutos sociales y otra informaci\u00f3n p\u00fablica de ENCE. La totalidad de las acciones de la Sociedad Dominante est\u00e1n representadas mediante anotaciones en cuenta y est\u00e1n admitidas a negociaci\u00f3n oficial en las Bolsas de Valores Espa\u00f1olas y en el Sistema de Interconexi\u00f3n Burs\u00e1til Espa\u00f1ol (Mercado Continuo).",
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  "fact-615": {
   "value": "2.<span class=\"ff5 ls0_1\"> <span class=\"__1 _c1\"> </span><span class=\"ff3_1\">Bases de presentaci\u00f3n y principios de consolidaci\u00f3n </span></span>2.1<span class=\"ff5\"> <span class=\"__1 _cc\"> </span></span><span class=\"fc3\">Bases de presen<span class=\"__1 _5\"></span>taci\u00f3n  </span>Las <span class=\"__1 _70\"></span>cu<span class=\"__1 _6\"></span>entas <span class=\"__1 _70\"></span>an<span class=\"__1 _6\"></span>uales <span class=\"__1 _70\"></span>conso<span class=\"__1 _6\"></span>lidadas <span class=\"__1 _70\"></span>de Ence <span class=\"__1 _70\"></span>Energ\u00eda <span class=\"__1 _70\"></span>y <span class=\"__1 _5\"></span>Celulosa, <span class=\"__1 _70\"></span>S.A. del <span class=\"__1 _70\"></span>ejercicio <span class=\"__1 _70\"></span>2023 <span class=\"__1 _5\"></span>se <span class=\"__1 _70\"></span>han<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>elaborado <span class=\"__1 _70\"></span>a partir de los registros contables y de las cuentas anuales de dicha sociedad, y las de las sociedades integrantes del Grupo <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c8\"> </span>han<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>sido <span class=\"__1 _c8\"> </span>preparadas <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"></span>acuerdo <span class=\"__1 _c8\"> </span>al <span class=\"__1 _c8\"> </span>marco <span class=\"__1 _c8\"> </span>no<span class=\"__1 _6\"></span>rmativo <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>informaci\u00f3n <span class=\"__1 _c8\"> </span>finan<span class=\"__1 _6\"></span>ciera <span class=\"__1 _c8\"></span>que <span class=\"__1 _c8\"> </span>resulta <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e aplicaci\u00f3n y, en particular, de <span class=\"__1 _5\"></span>acuerdo con las Normas Internacionales de Informaci\u00f3n Financiera adoptadas por la <span class=\"__1 _70\"></span>Un<span class=\"__1 _6\"></span>i\u00f3n <span class=\"__1 _5\"></span>Europea (NIIF-UE) conforme <span class=\"__1 _70\"></span>a lo dispuesto <span class=\"__1 _5\"></span>en e<span class=\"__1 _70\"></span>l Reglamento (CE) <span class=\"__1 _5\"></span>n\u00ba 1606/2002 <span class=\"__1 _5\"></span>del <span class=\"__1 _5\"></span>Parlamento<span class=\"__1 _1bc\"> </span>y del Consejo Europeo y <span class=\"__1 _5\"></span>dem\u00e1s disposiciones del marco normativo de informaci\u00f3n f<span class=\"__1 _5\"></span>inanciera que resulta de aplicaci\u00f3n, de for<span class=\"__1 _6\"></span>ma que mue<span class=\"__1 _6\"></span>stran la imagen fi<span class=\"__1 _6\"></span>el del patrim<span class=\"__1 _6\"></span>onio y de la s<span class=\"__1 _6\"></span>ituaci\u00f3n finan<span class=\"__1 _6\"></span>ciera del Grupo al 3<span class=\"__1 _8\"></span><span class=\"ls12\">1 </span>de diciembre de <span class=\"__1 _6\"></span>2023 y <span class=\"__1 _6\"></span>de los <span class=\"__1 _6\"></span>resultados <span class=\"__1 _6\"></span>de sus o<span class=\"__1 _6\"></span>peraciones, d<span class=\"__1 _6\"></span>e los cambio<span class=\"__1 _6\"></span>s en el <span class=\"__1 _6\"></span>patrimonio neto y<span class=\"__1 _6\"></span> de <span class=\"__1 _6\"></span>los flujos <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>efectivo <span class=\"__1 _8\"></span>cons<span class=\"__1 _6\"></span>olidados <span class=\"__1 _8\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>han <span class=\"__1 _4\"></span>generado <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>Grupo <span class=\"__1 _4\"></span>durante <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>ejercicio <span class=\"__1 _8\"></span>anual <span class=\"__1 _4\"></span>terminado <span class=\"__1 _8\"></span>en dicha fecha.<span class=\"__1 _1bc\"> </span>Las <span class=\"__1 _4\"></span>cuentas <span class=\"__1 _4\"></span>anuales <span class=\"__1 _4\"></span>consolidad<span class=\"__1 _6\"></span>as <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>Grupo <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>ejercicio <span class=\"__1 _4\"></span>2023 <span class=\"__1 _4\"></span>formuladas <span class=\"__1 _4\"></span>por <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>Administradores <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>la Sociedad <span class=\"__1 _cd\"> </span>Dominante <span class=\"__1 _cd\"> </span>se <span class=\"__1 _cd\"> </span>someter\u00e1n <span class=\"__1 _cd\"> </span>a <span class=\"__1 _cd\"> </span>la <span class=\"__1 _cd\"> </span>aprobaci\u00f3n <span class=\"__1 _cd\"> </span>de <span class=\"__1 _cd\"> </span>su <span class=\"__1 _cd\"> </span>Junta <span class=\"__1 _cd\"> </span>General <span class=\"__1 _cd\"> </span>Ordinaria <span class=\"__1 _cd\"> </span>de <span class=\"__1 _cd\"> </span>Accionistas, estim\u00e1ndose que s<span class=\"__1 _6\"></span>er\u00e1n aprobad<span class=\"__1 _6\"></span>as sin n<span class=\"__1 _6\"></span>inguna modificaci\u00f3n. Por <span class=\"__1 _6\"></span>su parte, las<span class=\"__1 _6\"></span> cuentas an<span class=\"__1 _6\"></span>ual<span class=\"__1 _6\"></span>es cons<span class=\"__1 _6\"></span>olidadas del <span class=\"__1 _70\"></span>Gru<span class=\"__1 _6\"></span>po <span class=\"__1 _5\"></span>del <span class=\"__1 _5\"></span>ejercicio <span class=\"__1 _5\"></span>2022 fueron <span class=\"__1 _70\"></span>ap<span class=\"__1 _6\"></span>robadas<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>por la <span class=\"__1 _70\"></span>Junta <span class=\"__1 _5\"></span>General <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _5\"></span>Accionistas de <span class=\"__1 _70\"></span>la Sociedad <span class=\"__1 _5\"></span>Dominante el 5 de mayo de 2023.<span class=\"__1 _6\"></span> En <span class=\"__1 _4\"></span>la <span class=\"__1 _c8\"></span>nota <span class=\"__1 _c8\"></span>3 <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>resu<span class=\"__1 _6\"></span>men <span class=\"__1 _4\"></span>las <span class=\"__1 _c8\"></span>pol\u00edticas <span class=\"__1 _4\"></span>con<span class=\"__1 _6\"></span>tables <span class=\"__1 _4\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>criterios <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>valoraci\u00f3n <span class=\"__1 _c8\"></span>m\u00e1s <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>ignificativos <span class=\"__1 _c8\"></span>que <span class=\"__1 _4\"></span>han<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>sido aplicados en la<span class=\"__1 _6\"></span> elaboraci\u00f3n de estas<span class=\"__1 _6\"></span> cuentas anuales co<span class=\"__1 _6\"></span>nsolidadas.<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _cb\"> </span>E<span class=\"__1 _6\"></span>uro <span class=\"__1 _cb\"> </span>es <span class=\"__1 _c9\"> </span>la <span class=\"__1 _cb\"> </span>moneda <span class=\"__1 _c9\"> </span>funcional <span class=\"__1 _cb\"> </span>y <span class=\"__1 _c9\"> </span>de <span class=\"__1 _cb\"> </span>presentaci\u00f3n <span class=\"__1 _c9\"> </span>de <span class=\"__1 _cb\"> </span>la <span class=\"__1 _cb\"> </span>Sociedad <span class=\"__1 _c9\"> </span>Dominante. <span class=\"__1 _c9\"> </span>Las <span class=\"__1 _cb\"> </span>cuentas<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>anuales consolidadas<span class=\"__1 _6\"></span> se expresan por tanto en<span class=\"__1 _6\"></span> euros.<span class=\"__1 _1bc\"> </span>2.2<span class=\"ff5\"> <span class=\"__1 _cc\"> </span></span><span class=\"fc3\">Principios de conso<span class=\"__1 _5\"></span>lidaci\u00f3n </span>En el Anexo I<span class=\"__1 _5\"></span> se <span class=\"__1 _5\"></span>incluye un detalle<span class=\"__1 _5\"></span> de las <span class=\"__1 _5\"></span>sociedades dependientes, negocios conjuntos y asociadas de <span class=\"__1 _70\"></span>E<span class=\"__1 _6\"></span>NCE, as\u00ed como el m\u00e9todo d<span class=\"__1 _6\"></span>e consolidaci\u00f3n<span class=\"__1 _6\"></span> o valoraci\u00f3n a<span class=\"__1 _6\"></span>plicado y otra informaci\u00f3n referente <span class=\"__1 _6\"></span>a las mismas<span class=\"__1 _6\"></span>.<span class=\"__1 _6\"></span> Sociedades dependien<span class=\"__1 _6\"></span>tes Se <span class=\"__1 _c6\"> </span>con<span class=\"__1 _6\"></span>sideran  sociedades <span class=\"__1 _c6\"> </span>depend<span class=\"__1 _6\"></span>ientes <span class=\"__1 _ca\"> </span>aq<span class=\"__1 _6\"></span>uellas  sobre <span class=\"__1 _c6\"> </span>las <span class=\"__1 _ca\"> </span>que <span class=\"__1 _ca\"> </span>ENCE, <span class=\"__1 _ca\"> </span>directa <span class=\"__1 _ca\"> </span>o <span class=\"__1 _ca\"> </span>indirectamente, <span class=\"__1 _ca\"> </span>ejerce control. <span class=\"__1 _70\"></span>Dicho<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>contro<span class=\"__1 _6\"></span>l <span class=\"__1 _70\"></span>se <span class=\"__1 _5\"></span>manifiesta, <span class=\"__1 _5\"></span>en <span class=\"__1 _70\"></span>general aunque <span class=\"__1 _70\"></span>no <span class=\"__1 _70\"></span>\u00fa<span class=\"__1 _6\"></span>nicamente, <span class=\"__1 _70\"></span>por la <span class=\"__1 _70\"></span>propiedad, directa <span class=\"__1 _70\"></span>o <span class=\"__1 _70\"></span>indirecta, de al <span class=\"__1 _6\"></span>menos <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>50% o <span class=\"__1 _6\"></span>m\u00e1s <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>derechos p<span class=\"__1 _6\"></span>ol\u00edticos d<span class=\"__1 _6\"></span>e las <span class=\"__1 _6\"></span>en<span class=\"__1 _6\"></span>tidades <span class=\"__1 _6\"></span>participadas. <span class=\"__1 _4\"></span>El Grupo EN<span class=\"__1 _6\"></span>CE cons<span class=\"__1 _6\"></span>idera que <span class=\"__1 _6\"></span>mantiene <span class=\"__1 _6\"></span>el con<span class=\"__1 _6\"></span>trol <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>una <span class=\"__1 _6\"></span>sociedad<span class=\"__1 _6\"></span> cu<span class=\"__1 _6\"></span>ando <span class=\"__1 _6\"></span>posee <span class=\"__1 _6\"></span>derechos s<span class=\"__1 _6\"></span>ustantivos <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>vigor <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>le <span class=\"__1 _6\"></span>proporcionan<span class=\"__1 _6\"></span> la capacid<span class=\"__1 _6\"></span>ad de <span class=\"__1 _6\"></span>dirigir las<span class=\"__1 _6\"></span> actividades <span class=\"__1 _6\"></span>relevantes <span class=\"__1 _6\"></span>y est\u00e1 <span class=\"__1 _6\"></span>expuesto, <span class=\"__1 _6\"></span>o tiene <span class=\"__1 _6\"></span>derecho, a <span class=\"__1 _6\"></span>rendimientos <span class=\"__1 _6\"></span>variables procedentes <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>u <span class=\"__1 _8\"></span>implicaci\u00f3n <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>sociedad <span class=\"__1 _8\"></span>y <span class=\"__1 _6\"></span>tiene <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>capacidad <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>influir <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>esos <span class=\"__1 _8\"></span>rendimientos <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>trav\u00e9s de su pod<span class=\"__1 _6\"></span>er sobre esta<span class=\"__1 _6\"></span><span class=\"ff6\">. Estas sociedades se han<span class=\"__1 _6\"></span> consolidado por el m\u00e9todo de \u201cIn<span class=\"__1 _6\"></span>tegraci\u00f3n Global\u201d<span class=\"__1 _6\"></span>.<span class=\"__1 _6\"></span></span> Los <span class=\"__1 _8\"></span>ingresos,<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>gastos <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>flujos <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>efectivo <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>entidades <span class=\"__1 _8\"></span>depend<span class=\"__1 _6\"></span>ientes <span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>e <span class=\"__1 _8\"></span>incluyen <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>las <span class=\"__1 _4\"></span>cuentas <span class=\"__1 _8\"></span>anuales consolidadas <span class=\"__1 _4\"></span>desde <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>fecha <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>adquis<span class=\"__1 _6\"></span>ici\u00f3n, <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>s <span class=\"__1 _4\"></span>aquella, <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>G<span class=\"__1 _5\"></span>rupo <span class=\"__1 _4\"></span>obtiene <span class=\"__1 _4\"></span>efectivamente <span class=\"__1 _8\"></span>e<span class=\"__1 _6\"></span>l control de las mis<span class=\"__1 _6\"></span>mas. Las entid<span class=\"__1 _6\"></span>ades dependientes s<span class=\"__1 _6\"></span>e excluyen de la co<span class=\"__1 _6\"></span>nsolidaci\u00f3n d<span class=\"__1 _6\"></span>esde la fecha en la<span class=\"__1 _6\"></span> que se pierde el control so<span class=\"__1 _6\"></span>bre ellas.<span class=\"__1 _6\"></span> Las <span class=\"__1 _4\"></span>participacion<span class=\"__1 _6\"></span>es <span class=\"__1 _4\"></span>no <span class=\"__1 _4\"></span>dominantes <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>reconocen <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _c8\"></span>momento <span class=\"__1 _4\"></span>inicial <span class=\"__1 _4\"></span>por <span class=\"__1 _4\"></span>un<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>importe <span class=\"__1 _4\"></span>equivalent<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>su participaci\u00f3n <span class=\"__1 _8\"></span>proporcional <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>activos <span class=\"__1 _6\"></span>netos <span class=\"__1 _8\"></span>identificables <span class=\"__1 _6\"></span>reconocidos<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>fecha <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>toma <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>control. Las <span class=\"__1 _c8\"></span>participaciones <span class=\"__1 _4\"></span>n<span class=\"__1 _6\"></span>o <span class=\"__1 _c8\"></span>dominantes <span class=\"__1 _c8\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>pat<span class=\"__1 _6\"></span>rimonio <span class=\"__1 _4\"></span>y <span class=\"__1 _c8\"></span>en <span class=\"__1 _c8\"></span>los <span class=\"__1 _4\"></span>resultad<span class=\"__1 _6\"></span>os <span class=\"__1 _4\"></span>de <span class=\"__1 _c8\"></span>las <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>ociedades <span class=\"__1 _4\"></span>dependientes integradas globalmente s<span class=\"__1 _6\"></span>e presentan<span class=\"__1 _6\"></span> bajo la denominaci\u00f3<span class=\"__1 _6\"></span>n de \u201cIntereses m<span class=\"__1 _6\"></span>inoritarios\u201d, d<span class=\"__1 _6\"></span>entro del cap\u00edtulo<span class=\"__1 _6\"></span> \u201cPatrimonio <span class=\"__1 _c8\"></span>Neto\u201d <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>Esta<span class=\"__1 _6\"></span>do <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>Situ<span class=\"__1 _6\"></span>aci\u00f3n <span class=\"__1 _4\"></span>Finan<span class=\"__1 _6\"></span>ciera <span class=\"__1 _4\"></span>consolidado, <span class=\"__1 _c8\"></span>y <span class=\"__1 _4\"></span>del<span class=\"__1 _6\"></span><span class=\"ff4\"> <span class=\"__1 _c8\"></span></span>cap\u00edtulo <span class=\"__1 _4\"></span>\u201cResultado <span class=\"__1 _4\"></span>at<span class=\"__1 _6\"></span>ribuido <span class=\"__1 _4\"></span>a intereses minoritarios\u201d d<span class=\"__1 _6\"></span>el Estado d<span class=\"__1 _6\"></span>e Resultado cons<span class=\"__1 _6\"></span>olidado.<span class=\"ff4\"> </span>Los cambio<span class=\"__1 _6\"></span>s en <span class=\"__1 _6\"></span>la p<span class=\"__1 _6\"></span>articipaci\u00f3n <span class=\"__1 _6\"></span>de u<span class=\"__1 _6\"></span>na s<span class=\"__1 _6\"></span>ociedad d<span class=\"__1 _6\"></span>ependiente que <span class=\"__1 _6\"></span>no d<span class=\"__1 _6\"></span>an lu<span class=\"__1 _6\"></span>gar a <span class=\"__1 _6\"></span>una <span class=\"__1 _6\"></span>p\u00e9rdida <span class=\"__1 _6\"></span>de con<span class=\"__1 _6\"></span>trol s<span class=\"__1 _6\"></span>e contabilizan <span class=\"__1 _c8\"> </span>como <span class=\"__1 _c8\"> </span>transaccion<span class=\"__1 _6\"></span>es <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>pat<span class=\"__1 _6\"></span>rimonio, <span class=\"__1 _c8\"></span>es <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>ecir, <span class=\"__1 _c8\"> </span>qu<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>cu<span class=\"__1 _6\"></span>alquier <span class=\"__1 _c8\"></span>resultado <span class=\"__1 _c8\"></span>obtenido <span class=\"__1 _c8\"> </span>se <span class=\"__1 _c8\"></span>reconoce directamente en el patrimoni<span class=\"__1 _6\"></span>o.  Cuando <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>produce <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>\u00e9rdida <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>con<span class=\"__1 _6\"></span>trol <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>u<span class=\"__1 _5\"></span>na <span class=\"__1 _4\"></span>empresa <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>G<span class=\"__1 _5\"></span>rupo, <span class=\"__1 _4\"></span>tiene <span class=\"__1 _4\"></span>lugar <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>baja <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>sus <span class=\"__1 _4\"></span>activos <span class=\"__1 _4\"></span>y<span class=\"__1 _5\"></span> pasivos, <span class=\"__1 _c8\"> </span>as\u00ed <span class=\"__1 _c8\"> </span>como <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"></span>otros <span class=\"__1 _c8\"></span>componentes <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>patrimonio <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>cualquier <span class=\"__1 _c8\"> </span>particip<span class=\"__1 _8\"></span>aci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>n<span class=\"__1 _6\"></span>o <span class=\"__1 _c8\"></span>dominante <span class=\"__1 _c8\"></span>que<span class=\"__1 _1bc\"> </span>pudiera existir. <span class=\"__1 _5\"></span>Las plu<span class=\"__1 _5\"></span>sval\u00edas o <span class=\"__1 _70\"></span>minus<span class=\"__1 _6\"></span>val\u00edas resultantes <span class=\"__1 _5\"></span>se r<span class=\"__1 _70\"></span>econ<span class=\"__1 _6\"></span>ocen en <span class=\"__1 _70\"></span>el Estado de <span class=\"__1 _70\"></span>Resultado consolidado. Las <span class=\"__1 _8\"></span>participaciones <span class=\"__1 _8\"></span>que <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>mantengan<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>las <span class=\"__1 _8\"></span>filiales <span class=\"__1 _8\"></span>sobre <span class=\"__1 _6\"></span>las <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>se <span class=\"__1 _6\"></span>hu<span class=\"__1 _6\"></span>biera <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>erdido <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>control <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>valoran<span class=\"__1 _5\"></span> por <span class=\"__1 _6\"></span>su <span class=\"__1 _6\"></span>valor <span class=\"__1 _6\"></span>razonable <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>la fecha <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>esta <span class=\"__1 _6\"></span>circunstancia <span class=\"__1 _6\"></span>hubiera <span class=\"__1 _6\"></span>tenido <span class=\"__1 _6\"></span>lugar, <span class=\"__1 _6\"></span>siendo <span class=\"__1 _6\"></span>\u00e9ste <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>valor d<span class=\"__1 _6\"></span>e coste a efectos de su<span class=\"__1 _6\"></span> valoraci\u00f3n po<span class=\"__1 _6\"></span>sterior.<span class=\"__1 _1bc\"> </span> Operaciones conjuntas<span class=\"__1 _6\"></span> En aquellos casos en lo<span class=\"__1 _5\"></span>s que s<span class=\"__1 _5\"></span>e gestiona con terceros una <span class=\"__1 _5\"></span>operaci\u00f3n conjunta, y se <span class=\"__1 _5\"></span>concluye que el <span class=\"__1 _5\"></span>part\u00edcipe tiene <span class=\"__1 _4\"></span>derechos <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>obligaciones <span class=\"__1 _4\"></span>directas <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>or <span class=\"__1 _4\"></span>su <span class=\"__1 _8\"></span>parte <span class=\"__1 _4\"></span>proporcional <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>activos <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>pas<span class=\"__1 _6\"></span>ivos <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>acuerdo<span class=\"__1 _6\"></span>, <span class=\"__1 _4\"></span>se reconoce <span class=\"__1 _c8\"></span>en <span class=\"__1 _c8\"> </span>las <span class=\"__1 _c8\"> </span>cuenta<span class=\"__1 _6\"></span>s <span class=\"__1 _c8\"></span>anuales <span class=\"__1 _c8\"></span>consolida<span class=\"__1 _6\"></span>das <span class=\"__1 _c8\"> </span>los <span class=\"__1 _c8\"> </span>act<span class=\"__1 _6\"></span>ivos, <span class=\"__1 _c8\"></span>pasivos, <span class=\"__1 _c8\"></span>ingresos <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c8\"> </span>gastos <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>acuerdo <span class=\"__1 _c8\"> </span>con<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>su participaci\u00f3n <span class=\"__1 _6\"></span>en la <span class=\"__1 _6\"></span>operaci\u00f3n <span class=\"__1 _6\"></span>conjun<span class=\"__1 _6\"></span>ta. Las<span class=\"__1 _6\"></span> so<span class=\"__1 _6\"></span>ciedades integrad<span class=\"__1 _6\"></span>as p<span class=\"__1 _6\"></span>or este <span class=\"__1 _6\"></span>m\u00e9todo se <span class=\"__1 _6\"></span>incluy<span class=\"__1 _6\"></span>en en <span class=\"__1 _6\"></span>el An<span class=\"__1 _6\"></span>exo I.<span class=\"ls0_1\"> </span>Inversiones registradas po<span class=\"__1 _6\"></span>r el m\u00e9todo d<span class=\"__1 _6\"></span>e la participaci\u00f3n <span class=\"__1 _6\"></span> Las <span class=\"__1 _70\"></span>in<span class=\"__1 _6\"></span>versiones <span class=\"__1 _5\"></span>registradas po<span class=\"__1 _5\"></span>r <span class=\"__1 _70\"></span>el m\u00e9<span class=\"__1 _5\"></span>todo <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>la participaci\u00f3n <span class=\"__1 _70\"></span>in<span class=\"__1 _6\"></span>cluyen <span class=\"__1 _70\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>inversion<span class=\"__1 _6\"></span>es <span class=\"__1 _70\"></span>en <span class=\"__1 _5\"></span>empresas <span class=\"__1 _5\"></span>asociadas<span class=\"__1 _6\"></span>, as\u00ed como en negocios co<span class=\"__1 _6\"></span>njuntos<span class=\"__1 _6\"></span> (acuerdos<span class=\"__1 _6\"></span> conjuntos qu<span class=\"__1 _6\"></span>e dan derecho a los activ<span class=\"__1 _6\"></span>os netos del acuerdo)<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span>Se <span class=\"__1 _5\"></span>consideran asociadas aquellas sociedades sobre las <span class=\"__1 _70\"></span>q<span class=\"__1 _6\"></span>ue ENCE, <span class=\"__1 _5\"></span>directa<span class=\"__1 _6\"></span> o <span class=\"__1 _70\"></span>in<span class=\"__1 _6\"></span>directamente, ejerce influencia significativa. <span class=\"__1 _6\"></span>La <span class=\"__1 _6\"></span>influencia <span class=\"__1 _6\"></span>significativa <span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>poder <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>intervenir <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>decisiones <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e pol\u00edtica <span class=\"__1 _6\"></span>financiera <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>de explotaci\u00f3n d<span class=\"__1 _6\"></span>e una <span class=\"__1 _6\"></span>entidad, s<span class=\"__1 _6\"></span>in q<span class=\"__1 _6\"></span>ue sup<span class=\"__1 _6\"></span>onga la <span class=\"__1 _6\"></span>existencia de con<span class=\"__1 _6\"></span>trol o <span class=\"__1 _6\"></span>de contro<span class=\"__1 _6\"></span>l conju<span class=\"__1 _6\"></span>nto sobre <span class=\"__1 _6\"></span>la mism<span class=\"__1 _8\"></span>a. Generalmente v<span class=\"__1 _6\"></span>iene acompa<span class=\"__1 _6\"></span>\u00f1ado <span class=\"__1 _6\"></span>por una par<span class=\"__1 _6\"></span>ticipaci\u00f3n d<span class=\"__1 _6\"></span>e entre un <span class=\"__1 _6\"></span>20% y <span class=\"__1 _6\"></span>un 50% d<span class=\"__1 _6\"></span>e los d<span class=\"__1 _6\"></span>erechos de <span class=\"__1 _6\"></span>voto<span class=\"__1 _6\"></span> de la entidad. Las <span class=\"__1 _8\"></span>inversiones <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>entidad<span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>asociadas<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>inversiones <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>negocios <span class=\"__1 _8\"></span>conjuntos <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>registran<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>or <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>m\u00e9todo de la <span class=\"__1 _6\"></span>participaci\u00f3n <span class=\"__1 _6\"></span>desde <span class=\"__1 _6\"></span>la fecha <span class=\"__1 _6\"></span>en la <span class=\"__1 _6\"></span>que se <span class=\"__1 _6\"></span>ejerce influencia <span class=\"__1 _6\"></span>significativa, <span class=\"__1 _6\"></span>o b<span class=\"__1 _6\"></span>ien, el control <span class=\"__1 _6\"></span>conjunto<span class=\"__1 _6\"></span>. En este sentido, esta<span class=\"__1 _6\"></span>s inversiones se recono<span class=\"__1 _6\"></span>cen inicialmente por su<span class=\"__1 _6\"></span> coste de adquisici\u00f3n<span class=\"__1 _6\"></span>.<span class=\"__1 _6\"></span> El <span class=\"__1 _6\"></span>exceso <span class=\"__1 _6\"></span>entre <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>coste <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>inversi\u00f3n <span class=\"__1 _6\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>porcenta<span class=\"__1 _6\"></span>je <span class=\"__1 _6\"></span>correspond<span class=\"__1 _6\"></span>iente <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>Grupo<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>lo<span class=\"__1 _8\"></span>s <span class=\"__1 _6\"></span>valores <span class=\"__1 _8\"></span>razonables de <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>activos <span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>etos <span class=\"__1 _6\"></span>identificables <span class=\"__1 _8\"></span>se <span class=\"__1 _6\"></span>registra <span class=\"__1 _8\"></span>como <span class=\"__1 _6\"></span>fondo <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>com<span class=\"__1 _6\"></span>ercio, <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>incluye <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>alor <span class=\"__1 _6\"></span>contab<span class=\"__1 _6\"></span>le de <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>inversi\u00f3n. <span class=\"__1 _4\"></span>E<span class=\"__1 _6\"></span>l <span class=\"__1 _4\"></span>defecto, <span class=\"__1 _4\"></span>una <span class=\"__1 _4\"></span>vez <span class=\"__1 _4\"></span>evaluad<span class=\"__1 _6\"></span>os <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>importes <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>coste <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>in<span class=\"__1 _6\"></span>versi\u00f3n <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>identificaci\u00f3n <span class=\"__1 _4\"></span>y valoraci\u00f3n <span class=\"__1 _ca\"> </span>de <span class=\"__1 _c6\"> </span>los <span class=\"__1 _c6\"> </span>a<span class=\"__1 _6\"></span>ctivos <span class=\"__1 _c6\"> </span>netos  de <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c6\"> </span>as<span class=\"__1 _6\"></span>ociada, <span class=\"__1 _c6\"> </span>se <span class=\"__1 _ca\"> </span>registra <span class=\"__1 _c6\"> </span>como <span class=\"__1 _c6\"> </span>u<span class=\"__1 _6\"></span>n <span class=\"__1 _c6\"> </span>ingreso <span class=\"__1 _c6\"> </span>en  la <span class=\"__1 _c8\"> </span>determinaci\u00f3n <span class=\"__1 _ca\"> </span>de <span class=\"__1 _c6\"> </span>la participaci\u00f3n del inv<span class=\"__1 _6\"></span>ersor en los resu<span class=\"__1 _6\"></span>ltados de la asociad<span class=\"__1 _6\"></span>a del ejercicio en que se ha adqu<span class=\"__1 _6\"></span>irido.<span class=\"__1 _8\"></span> La particip<span class=\"__1 _6\"></span>aci\u00f3n del <span class=\"__1 _6\"></span>Grupo en los<span class=\"__1 _6\"></span> beneficios <span class=\"__1 _6\"></span>o p\u00e9rdidas <span class=\"__1 _6\"></span>de las <span class=\"__1 _6\"></span>entidades as<span class=\"__1 _8\"></span>ociadas <span class=\"__1 _6\"></span>obtenidas d<span class=\"__1 _6\"></span>esde la fecha de adquisici\u00f3n se registra como un aumento o disminuci\u00f3n del valor de <span class=\"__1 _5\"></span>las inversiones con abono o cargo al ep\u00edgrafe <span class=\"__1 _8\"></span>\"Resulta<span class=\"__1 _6\"></span>do <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>sociedades <span class=\"__1 _8\"></span>integradas<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>por <span class=\"__1 _8\"></span>el <span class=\"__1 _4\"></span>m\u00e9<span class=\"__1 _5\"></span>todo <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>participaci\u00f3n\" <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>Estado <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>Res<span class=\"__1 _6\"></span>ultado consolidado<span class=\"__1 _6\"></span>. <span class=\"__1 _6\"></span>Las <span class=\"__1 _8\"></span>distribuciones <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>div<span class=\"__1 _6\"></span>idendos <span class=\"__1 _6\"></span>se <span class=\"__1 _8\"></span>registran <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>minoraciones <span class=\"__1 _8\"></span>del <span class=\"__1 _6\"></span>valor <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>in<span class=\"__1 _6\"></span>versiones.<span class=\"__1 _1bc\"> </span> Asimismo, se ajusta el valor de la inversi\u00f3n para reflejar la proporci\u00f3n de aquellos cambios en el patrimonio neto de estas s<span class=\"__1 _6\"></span>ociedades que no se h<span class=\"__1 _6\"></span>an reconocido e<span class=\"__1 _6\"></span>n s<span class=\"__1 _6\"></span>us resultados. Conversi\u00f3n de esta<span class=\"__1 _6\"></span>dos financieros<span class=\"__1 _6\"></span> Los res<span class=\"__1 _6\"></span>ultados y <span class=\"__1 _6\"></span>la posici\u00f3n <span class=\"__1 _6\"></span>financiera d<span class=\"__1 _6\"></span>e todas<span class=\"__1 _6\"></span> las entid<span class=\"__1 _6\"></span>ades del <span class=\"__1 _6\"></span>Grupo cuy<span class=\"__1 _6\"></span>a moneda <span class=\"__1 _6\"></span>funcional s<span class=\"__1 _6\"></span>ea distinta de <span class=\"__1 _4\"></span>la <span class=\"__1 _c8\"></span>moneda <span class=\"__1 _4\"></span>de <span class=\"__1 _c8\"></span>presentaci\u00f3n <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>convierten <span class=\"__1 _c8\"></span>a <span class=\"__1 _4\"></span>euro <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _4\"></span>siguiente <span class=\"__1 _4\"></span>modo; <span class=\"__1 _c6\"> </span>los <span class=\"__1 _c8\"></span>activos <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>pasivo<span class=\"__1 _6\"></span>s <span class=\"__1 _4\"></span>al <span class=\"__1 _4\"></span>t<span class=\"__1 _6\"></span>ipo <span class=\"__1 _4\"></span>de cambio <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>cierre <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>fecha <span class=\"__1 _6\"></span>del E<span class=\"__1 _6\"></span>stado <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>Situaci\u00f3n <span class=\"__1 _6\"></span>Financiera, <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>patrimonio <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>tipo <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>cambio <span class=\"__1 _6\"></span>hist\u00f3rico, <span class=\"__1 _6\"></span>y los ingresos y gastos <span class=\"__1 _5\"></span>al tipo de<span class=\"__1 _5\"></span> cambio medio <span class=\"__1 _5\"></span>del periodo de <span class=\"__1 _5\"></span>devengo. Las diferencias de ca<span class=\"__1 _5\"></span>mbio resultantes se <span class=\"__1 _6\"></span>reconocen <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>\u201cOtro <span class=\"__1 _6\"></span>Resultado <span class=\"__1 _8\"></span>Global\u201d, y <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>imputar\u00e1n <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>cuenta <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>resultados <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el periodo <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>que se lleve a cabo la enaj<span class=\"__1 _6\"></span>enaci\u00f3n de la invers<span class=\"__1 _6\"></span>i\u00f3n.  Las sociedad<span class=\"__1 _6\"></span>es del Grupo no se ub<span class=\"__1 _6\"></span>ican en pa\u00edses d<span class=\"__1 _6\"></span>e econom\u00eda <span class=\"__1 _6\"></span>hiperinflacionaria.<span class=\"__1 _1bc\"> </span>Homogeneizaci\u00f3n y otros<span class=\"__1 _6\"></span> La consolidaci\u00f3n de las entidades que conforman el <span class=\"__1 _5\"></span>per\u00edmetro de consolidaci\u00f3n<span class=\"__1 _6\"></span> ha sido re<span class=\"__1 _5\"></span>alizada a partir de sus cuentas <span class=\"__1 _70\"></span>an<span class=\"__1 _6\"></span>uales indivi<span class=\"__1 _5\"></span>duales <span class=\"__1 _5\"></span>que <span class=\"__1 _5\"></span>son preparadas <span class=\"__1 _5\"></span>conforme <span class=\"__1 _70\"></span>al<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>Plan General <span class=\"__1 _70\"></span>de Contabilidad Espa\u00f1ol <span class=\"__1 _5\"></span>para aquellas <span class=\"__1 _cb\"> </span>sociedades <span class=\"__1 _cb\"> </span>residentes <span class=\"__1 _cb\"> </span>en <span class=\"__1 _cb\"> </span>Espa\u00f1<span class=\"__1 _6\"></span>a <span class=\"__1 _cb\"> </span>y<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>conforme <span class=\"__1 _cb\"> </span>a <span class=\"__1 _cb\"> </span>su <span class=\"__1 _cb\"> </span>propia <span class=\"__1 _cb\"> </span>normativa <span class=\"__1 _cb\"> </span>local <span class=\"__1 _cb\"> </span>para <span class=\"__1 _cb\"> </span>el  resto <span class=\"__1 _cb\"> </span>de<span class=\"__1 _6\"></span> participadas.  Las p<span class=\"__1 _6\"></span>ol\u00edticas con<span class=\"__1 _6\"></span>tables de <span class=\"__1 _6\"></span>las sociedades <span class=\"__1 _6\"></span>dependientes <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>han adap<span class=\"__1 _6\"></span>tado a <span class=\"__1 _6\"></span>las pol\u00edticas <span class=\"__1 _6\"></span>contables <span class=\"__1 _6\"></span>del Grupo. As\u00ed <span class=\"__1 _5\"></span>mismo, <span class=\"__1 _5\"></span>las <span class=\"__1 _70\"></span>cuenta<span class=\"__1 _6\"></span>s <span class=\"__1 _70\"></span>an<span class=\"__1 _6\"></span>uales <span class=\"__1 _70\"></span>o estados <span class=\"__1 _70\"></span>financieros de <span class=\"__1 _70\"></span>las <span class=\"__1 _70\"></span>sociedad<span class=\"__1 _6\"></span>es <span class=\"__1 _5\"></span>dependi<span class=\"__1 _6\"></span>entes utilizados <span class=\"__1 _70\"></span>en e<span class=\"__1 _5\"></span>l <span class=\"__1 _5\"></span>proceso de <span class=\"__1 _6\"></span>consolidaci\u00f3n <span class=\"__1 _6\"></span>est\u00e1<span class=\"__1 _6\"></span>n <span class=\"__1 _6\"></span>referidos <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>mis<span class=\"__1 _6\"></span>ma <span class=\"__1 _6\"></span>fecha <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>pres<span class=\"__1 _6\"></span>entaci\u00f3n, <span class=\"__1 _6\"></span>31 <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>iciembre, <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>mismo <span class=\"__1 _6\"></span>period<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>que los de la Sociedad d<span class=\"__1 _6\"></span>ominante. En el <span class=\"__1 _6\"></span>proceso <span class=\"__1 _6\"></span>de cons<span class=\"__1 _6\"></span>olidaci\u00f3n, <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>transaccion<span class=\"__1 _6\"></span>es y s<span class=\"__1 _6\"></span>aldos mantenid<span class=\"__1 _6\"></span>os entre <span class=\"__1 _6\"></span>sociedades <span class=\"__1 _6\"></span>depe<span class=\"__1 _8\"></span>ndientes <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>los beneficios o p\u00e9rdidas<span class=\"__1 _6\"></span> no realizados h<span class=\"__1 _6\"></span>an sido eliminados.<span class=\"__1 _6\"></span> Los tra<span class=\"__1 _6\"></span>bajos <span class=\"__1 _6\"></span>efectuados <span class=\"__1 _6\"></span>por el <span class=\"__1 _6\"></span>Grupo p<span class=\"__1 _6\"></span>ara su<span class=\"__1 _6\"></span> prop<span class=\"__1 _6\"></span>io inmovilizado <span class=\"__1 _6\"></span>se reconocen <span class=\"__1 _6\"></span>por <span class=\"__1 _6\"></span>su cos<span class=\"__1 _6\"></span>te de <span class=\"__1 _6\"></span>producci\u00f3n elimin\u00e1ndose los resu<span class=\"__1 _6\"></span>ltados intragrupo.<span class=\"__1 _1bc\"> </span>En la <span class=\"__1 _5\"></span>Nota 6 <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>e presentan <span class=\"__1 _5\"></span>los cambios habidos<span class=\"__1 _6\"></span> e<span class=\"__1 _5\"></span>n los <span class=\"__1 _5\"></span>ejercicios 2023 <span class=\"__1 _70\"></span>y<span class=\"__1 _6\"></span> 2022 e<span class=\"__1 _5\"></span>n el <span class=\"__1 _5\"></span>conjunto de las <span class=\"__1 _5\"></span>sociedades consolidadas<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>por <span class=\"__1 _8\"></span>integraci\u00f3n <span class=\"__1 _8\"></span>global <span class=\"__1 _8\"></span>y <span class=\"__1 _4\"></span>por <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>m\u00e9todo <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>articipaci\u00f3n. <span class=\"__1 _8\"></span>En <span class=\"__1 _4\"></span>las <span class=\"__1 _6\"></span>corresp<span class=\"__1 _6\"></span>ondientes <span class=\"__1 _8\"></span>notas <span class=\"__1 _8\"></span>de esta Memoria consolidada, bajo el t\u00edtulo \u201cVariaciones del <span class=\"__1 _5\"></span>per\u00edmetro\u201d, se muestra<span class=\"ff4\">n<span class=\"__1 _6\"></span> los efectos relevantes de </span>las incorporacion<span class=\"__1 _6\"></span>es y salidas de sociedad<span class=\"__1 _6\"></span>es en el per\u00edmetro <span class=\"__1 _6\"></span>de consolidaci\u00f3n<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span> <span class=\"__1 _6\"></span> 2.3<span class=\"ff5\"> <span class=\"__1 _cc\"> </span></span><span class=\"fc3\">Comparaci\u00f3n de <span class=\"__1 _5\"></span>la informa<span class=\"__1 _5\"></span>ci\u00f3n y estaciona<span class=\"__1 _5\"></span>lidad de las </span>transacciones La <span class=\"__1 _c8\"> </span>informaci\u00f3n <span class=\"__1 _c8\"> </span>contenid<span class=\"__1 _6\"></span>a <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c8\"></span>esta <span class=\"__1 _c8\"> </span>memoria <span class=\"__1 _c8\"> </span>referida <span class=\"__1 _c8\"> </span>al <span class=\"__1 _c8\"> </span>ejercicio <span class=\"__1 _c8\"> </span>2022 <span class=\"__1 _c8\"> </span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"></span>presenta <span class=\"__1 _c8\"> </span>\u00fanicamente <span class=\"__1 _c8\"> </span>a <span class=\"__1 _c8\"> </span>efectos<span class=\"__1 _6\"></span> comparativos. <span class=\"__1 _6\"></span> A <span class=\"__1 _cb\"> </span>ef<span class=\"__1 _5\"></span>ectos <span class=\"__1 _cb\"> </span>de <span class=\"__1 _cb\"> </span>comparabilidad <span class=\"__1 _cb\"> </span>se  deben <span class=\"__1 _cb\"> </span>tener  en <span class=\"__1 _cb\"> </span>consideraci\u00f3n<span class=\"__1 _8\"></span>, <span class=\"__1 _cb\"> </span>principalmente,  las<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>variaciones <span class=\"__1 _cb\"> </span>en  el per\u00edmetro de conso<span class=\"__1 _6\"></span>lidaci\u00f3n detalladas<span class=\"__1 _6\"></span> en <span class=\"__1 _6\"></span>la Nota 6. Dadas las actividades a <span class=\"__1 _70\"></span>las<span class=\"__1 _6\"></span> que<span class=\"__1 _5\"></span> se <span class=\"__1 _70\"></span>dedican<span class=\"__1 _6\"></span> las <span class=\"__1 _5\"></span>sociedades del Grupo, <span class=\"__1 _5\"></span>las transacciones del <span class=\"__1 _5\"></span>mismo no <span class=\"__1 _5\"></span>cuentan con  un <span class=\"__1 _c6\"> </span>car\u00e1cter  c\u00edclico  o <span class=\"__1 _c6\"> </span>estacional.  No  obstante, <span class=\"__1 _c6\"> </span>las  actividades  de <span class=\"__1 _c6\"> </span>produ<span class=\"__1 _6\"></span>cci\u00f3n <span class=\"__1 _ca\"> </span>de  p<span class=\"__1 _5\"></span>asta  celul\u00f3sica <span class=\"__1 _ca\"> </span>y generaci\u00f3n <span class=\"__1 _70\"></span>energ\u00eda re<span class=\"__1 _5\"></span>novable <span class=\"__1 _5\"></span>requieren <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>parad<span class=\"__1 _6\"></span>as <span class=\"__1 _70\"></span>por <span class=\"__1 _5\"></span>periodos <span class=\"__1 _70\"></span>que <span class=\"__1 _70\"></span>os<span class=\"__1 _6\"></span>cilan <span class=\"__1 _70\"></span>entre <span class=\"__1 _5\"></span>10 <span class=\"__1 _70\"></span>y <span class=\"__1 _70\"></span>15 <span class=\"__1 _70\"></span>d\u00edas<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>para <span class=\"__1 _5\"></span>efectuar labores de mantenimi<span class=\"__1 _6\"></span>ento.  2.4<span class=\"ff5\"> <span class=\"__1 _cc\"> </span></span><span class=\"fc3\">Principales de<span class=\"__1 _5\"></span>cisiones rela<span class=\"__1 _5\"></span>tivas a las NIIF </span>En <span class=\"ls0_1\">relaci\u00f3n con<span class=\"__1 _6\"></span> la <span class=\"__1 _6\"></span>presentaci\u00f3n <span class=\"__1 _6\"></span>de las<span class=\"__1 _6\"></span> cuentas<span class=\"__1 _6\"></span> anu<span class=\"__1 _6\"></span>ales consolidadas<span class=\"__1 _6\"></span> y <span class=\"__1 _6\"></span>resto de <span class=\"__1 _6\"></span>informaci\u00f3n <span class=\"__1 _6\"></span>contenida <span class=\"__1 _6\"></span>en la </span>memoria  consolidada,  el <span class=\"__1 _ca\"> </span>Grupo  adopt\u00f3  las <span class=\"__1 _ca\"> </span>siguientes  decisiones;  1) <span class=\"__1 _ca\"> </span>el  Estado  de <span class=\"__1 _c6\"> </span>Situ<span class=\"__1 _6\"></span>aci\u00f3n  Financiera consolidado <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>presenta <span class=\"__1 _8\"></span>distinguiendo <span class=\"__1 _6\"></span>entre <span class=\"__1 _8\"></span>partidas <span class=\"__1 _6\"></span>corrientes <span class=\"__1 _8\"></span>(corto <span class=\"__1 _6\"></span>plazo) <span class=\"__1 _8\"></span>y <span class=\"__1 _6\"></span>no <span class=\"__1 _6\"></span>corrientes <span class=\"__1 _6\"></span>(largo <span class=\"__1 _8\"></span>plazo), 2) <span class=\"__1 _c8\"> </span>el <span class=\"__1 _c8\"> </span>E<span class=\"__1 _6\"></span>stado <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c8\"> </span>Res<span class=\"__1 _6\"></span>ultado <span class=\"__1 _c8\"> </span>consolidad<span class=\"__1 _6\"></span>o <span class=\"__1 _c8\"> </span>se <span class=\"__1 _c6\"> </span>presenta <span class=\"__1 _ca\"> </span>por <span class=\"__1 _c8\"> </span>naturaleza, <span class=\"__1 _c6\"> </span>y <span class=\"__1 _c6\"> </span>3) <span class=\"__1 _c8\"> </span>el <span class=\"__1 _c8\"> </span>Esta<span class=\"__1 _6\"></span>do <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>Flujos<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>Efectivo consolidado <span class=\"__1 _6\"></span>se presenta siguiendo<span class=\"__1 _6\"></span> el m\u00e9todo indirecto.<span class=\"__1 _6\"></span> 2.5<span class=\"ff5\"> <span class=\"__1 _cc\"> </span></span><span class=\"fc3\">Cambios en esti<span class=\"__1 _5\"></span>maciones y po<span class=\"__1 _5\"></span>l\u00edticas conta<span class=\"__1 _5\"></span>bles y corre<span class=\"__1 _5\"></span>cci\u00f3n de </span>errores fundamenta<span class=\"__1 _5\"></span>les El <span class=\"__1 _c8\"></span>efecto <span class=\"__1 _4\"></span>de <span class=\"__1 _c8\"></span>cualquier <span class=\"__1 _c8\"> </span>cambio <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c8\"></span>las <span class=\"__1 _c8\"></span>estimaciones <span class=\"__1 _c8\"></span>contables <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>r<span class=\"__1 _8\"></span>egistra <span class=\"__1 _4\"></span>p<span class=\"__1 _6\"></span>rospectivamente, <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c8\"></span>el <span class=\"__1 _4\"></span>mismo apartado <span class=\"__1 _c8\"></span>del <span class=\"__1 _4\"></span>Estado <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>Resultado <span class=\"__1 _4\"></span>con<span class=\"__1 _6\"></span>solidado <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>encuentra <span class=\"__1 _c8\"></span>registrado <span class=\"__1 _c8\"></span>el <span class=\"__1 _4\"></span>gasto <span class=\"__1 _4\"></span>o <span class=\"__1 _c8\"></span>ingreso <span class=\"__1 _4\"></span>con <span class=\"__1 _4\"></span>la estimaci\u00f3n anterior.<span class=\"__1 _1bc\"> </span>Por <span class=\"__1 _c8\"></span>su <span class=\"__1 _c8\"></span>parte, <span class=\"__1 _c8\"></span>los <span class=\"__1 _c8\"></span>cambios <span class=\"__1 _c8\"></span>en <span class=\"__1 _4\"></span>pol\u00edticas<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>con<span class=\"__1 _6\"></span>tables <span class=\"__1 _c8\"></span>y <span class=\"__1 _c8\"></span>correcci\u00f3n <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>errores <span class=\"__1 _c6\"> </span>fun<span class=\"__1 _6\"></span>damentales <span class=\"__1 _c8\"> </span>se <span class=\"__1 _c8\"> </span>registran <span class=\"__1 _c8\"> </span>del siguiente modo <span class=\"__1 _5\"></span>siempre que <span class=\"__1 _5\"></span>su impacto <span class=\"__1 _5\"></span>sea significativo; <span class=\"__1 _5\"></span>el efecto <span class=\"__1 _5\"></span>acumulado al <span class=\"__1 _5\"></span>inicio del <span class=\"__1 _5\"></span>ejercicio se <span class=\"__1 _70\"></span>aj<span class=\"__1 _6\"></span>usta en <span class=\"__1 _6\"></span>el ep\u00edgrafe <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>reservas <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>efecto <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>propio <span class=\"__1 _6\"></span>ejercicio <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>registra <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>Es<span class=\"__1 _6\"></span>tado d<span class=\"__1 _6\"></span>e Resultado <span class=\"__1 _6\"></span>con<span class=\"__1 _6\"></span>solidado del ejercicio. En estos casos se re-expresan los datos financieros del ejercicio comparativo<span class=\"__1 _6\"></span> presentado junto al ejercicio en curso.<span class=\"__1 _6\"></span> Al <span class=\"__1 _70\"></span>31 <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>dicie<span class=\"__1 _6\"></span>mbre <span class=\"__1 _70\"></span>de 2023<span class=\"__1 _5\"></span> <span class=\"__1 _70\"></span>y 2022 <span class=\"__1 _70\"></span>no <span class=\"__1 _70\"></span>se <span class=\"__1 _5\"></span>han <span class=\"__1 _5\"></span>producido <span class=\"__1 _5\"></span>cambios <span class=\"__1 _5\"></span>significativos <span class=\"__1 _5\"></span>en <span class=\"__1 _70\"></span>pol\u00edticas<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>contab<span class=\"__1 _6\"></span>les, <span class=\"__1 _70\"></span>excepto<span class=\"__1 _6\"></span> por los efectos de lo <span class=\"__1 _5\"></span>indicado en la nota 2.6 <span class=\"__1 _5\"></span>siguiente, ni ha <span class=\"__1 _5\"></span>sido necesario efectuar correcciones de e<span class=\"__1 _5\"></span>rrores<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span> 2.6<span class=\"ff5\"> <span class=\"__1 _cc\"> </span></span><span class=\"fc3\">Normas e interpreta<span class=\"__1 _5\"></span>ciones efectivas en e<span class=\"__1 _70\"></span>l<span class=\"__1 _6\"></span> presente p<span class=\"__1 _5\"></span>er\u00edodo  </span>Las pol\u00edticas co<span class=\"__1 _6\"></span>ntables utiliza<span class=\"__1 _6\"></span>das en la p<span class=\"__1 _6\"></span>reparaci\u00f3n de esta<span class=\"__1 _6\"></span>s Cuenta<span class=\"__1 _6\"></span>s anuales co<span class=\"__1 _6\"></span>nsolidadas coin<span class=\"__1 _6\"></span>ciden c<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>n las utilizadas <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c6\"> </span>el <span class=\"__1 _c8\"> </span>ejercicio <span class=\"__1 _c8\"> </span>an<span class=\"__1 _6\"></span>ual <span class=\"__1 _c8\"> </span>term<span class=\"__1 _6\"></span>inado <span class=\"__1 _c8\"> </span>el <span class=\"__1 _c8\"> </span>3<span class=\"__1 _6\"></span>1 <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"> </span>dicie<span class=\"__1 _6\"></span>mbre <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"> </span>2022, <span class=\"__1 _c6\"> </span>excepto <span class=\"__1 _c8\"> </span>por <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c8\"> </span>aplicaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"> </span>las<span class=\"__1 _6\"></span> siguientes normas <span class=\"__1 _70\"></span>emitidas<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>por e<span class=\"__1 _5\"></span>l <span class=\"__1 _5\"></span>IASB <span class=\"__1 _5\"></span>(Internation<span class=\"__1 _6\"></span>al <span class=\"__1 _5\"></span>Accounting Standards Board) <span class=\"__1 _70\"></span>y adoptadas <span class=\"__1 _5\"></span>por <span class=\"__1 _5\"></span>la <span class=\"__1 _5\"></span>Uni\u00f3n Europea para <span class=\"__1 _6\"></span>su aplicaci\u00f3n en Eu<span class=\"__1 _6\"></span>ropa a<span class=\"__1 _6\"></span> partir del 1 de enero de 2023:<span class=\"__1 _1bc\"> </span><div class=\"c_1 w2f h60 gs58\"><div class=\"t_1 m0_1 x50 h8_1 y1fd ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Norma </div></div><div class=\"c_1 w30 h60 gs59\"><div class=\"t_1 m0_1 x5e h8_1 y1fd ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Contenido </div></div><div class=\"c_1 w2f h6b gs5a\"><div class=\"t_1 m0_1 x3f h9_1 y29c ff3_1 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Nuevas normas <span class=\"__1 _6\"></span><span class=\"ff7\">\u2013</span> <span class=\"ff8\">Aplicables a <span class=\"__1 _6\"></span>partir del 1 de </span></div><div class=\"t_1 m0_1 x3f h66 y29d ff8 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">enero de 2023-<span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x3f h9_1 y29e ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">NIIF 17 Contratos<span class=\"__1 _6\"></span> de seguros<span class=\"ff3_1\"> </span></div><div class=\"t_1 m0_1 x3f h9_1 y29f ff3_1 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x3f h9_1 y2a0 ff3_1 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x3f h9_1 y2a1 ff3_1 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x3f h9_1 y2a2 ff3_1 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x3f h9_1 y1fd ff3_1 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Modificaciones y/o interp<span class=\"__1 _6\"></span>retaciones<span class=\"__1 _6\"></span>- </div></div><div class=\"c_1 w30 h6b gs5b\"><div class=\"t_1 m0_1 x3f h8_1 y29c ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x3f h8_1 y2a3 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x3f h8_1 y2a4 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x3f h8_1 y2a5 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Reemplaza <span class=\"__1 _cb\"> </span>la <span class=\"__1 _c9\"> </span>NIIF <span class=\"__1 _c9\"> </span>4 <span class=\"__1 _cb\"> </span>y <span class=\"__1 _c9\"> </span>recoge <span class=\"__1 _cb\"> </span>los <span class=\"__1 _cb\"> </span>p<span class=\"__1 _6\"></span>rincipios <span class=\"__1 _c9\"> </span>de <span class=\"__1 _cb\"> </span>registro, <span class=\"__1 _c9\"> </span>v<span class=\"__1 _6\"></span>aloraci\u00f3n, </div><div class=\"t_1 m0_1 x3f h8_1 y2a6 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">presentaci\u00f3n <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>desglose <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>l<span class=\"__1 _5\"></span>os <span class=\"__1 _4\"></span>contratos <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>seguros <span class=\"__1 _4\"></span>con <span class=\"__1 _8\"></span>el <span class=\"__1 _4\"></span>objetivo <span class=\"__1 _4\"></span>de </div><div class=\"t_1 m0_1 x3f h8_1 y2a7 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">que <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>entidad <span class=\"__1 _6\"></span>propo<span class=\"__1 _6\"></span>rcione <span class=\"__1 _6\"></span>informaci\u00f3n rel<span class=\"__1 _6\"></span>evante <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>fiable <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>permita <span class=\"__1 _6\"></span>a </div><div class=\"t_1 m0_1 x3f h8_1 y2a8 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">los <span class=\"__1 _c8\"> </span>usu<span class=\"__1 _6\"></span>arios <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c8\"> </span>informaci\u00f3n <span class=\"__1 _c6\"> </span>financiera <span class=\"__1 _c6\"> </span>determinar <span class=\"__1 _c8\"> </span>el <span class=\"__1 _c6\"> </span>efecto <span class=\"__1 _c8\"> </span>que <span class=\"__1 _c6\"> </span>los </div><div class=\"t_1 m0_1 x3f h8_1 y2a9 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">contratos d<span class=\"__1 _6\"></span>e seguros tienen en<span class=\"__1 _6\"></span> los estad<span class=\"__1 _6\"></span>os financieros. </div></div><div class=\"c_1 w2f h6c gs5c\"><div class=\"t_1 m0_1 x3f h66 y2ab ff8 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Aplicables a partir del 1 de e<span class=\"__1 _6\"></span>nero de 2023<span class=\"__1 _6\"></span>- </div></div><div class=\"c_1 w2f h6d gs5d\"><div class=\"t_1 m0_1 x3f h8_1 y2ad ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Modificaci\u00f3n a la NIC 1 Des<span class=\"__1 _6\"></span>glose de po<span class=\"__1 _6\"></span>l\u00edticas </div><div class=\"t_1 m0_1 x3f h8_1 y2ae ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">contables </div></div><div class=\"c_1 w30 h6d gs5e\"><div class=\"t_1 m0_1 x3f h8_1 y2ad ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Modificaciones <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>permiten<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>entid<span class=\"__1 _6\"></span>ades <span class=\"__1 _8\"></span>identificar <span class=\"__1 _8\"></span>adecuadamente <span class=\"__1 _8\"></span>la<span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x3f h8_1 y2ae ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">informaci\u00f3n <span class=\"__1 _70\"></span>so<span class=\"__1 _6\"></span>bre <span class=\"__1 _70\"></span>pol\u00edticas<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>contab<span class=\"__1 _6\"></span>les <span class=\"__1 _70\"></span>materiales <span class=\"__1 _5\"></span>que <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>ebe <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>er <span class=\"__1 _70\"></span>desglosad<span class=\"__1 _6\"></span>a <span class=\"__1 _70\"></span>en </div><div class=\"t_1 m0_1 x3f h8_1 y2af ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">los estados<span class=\"__1 _6\"></span> financieros.  </div></div><div class=\"c_1 w2f h6e gs5f\"><div class=\"t_1 m0_1 x3f h8_1 y2b1 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Modificaci\u00f3n a la NIC 8 De<span class=\"__1 _6\"></span>finici\u00f3n d<span class=\"__1 _6\"></span>e </div><div class=\"t_1 m0_1 x3f h8_1 y2b2 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">estimaci\u00f3n contable <span class=\"__1 _6\"></span> </div></div><div class=\"c_1 w30 h6e gs60\"><div class=\"t_1 m0_1 x3f h8_1 y2b1 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Modificaciones <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>aclaracion<span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>sobre <span class=\"__1 _6\"></span>qu\u00e9 <span class=\"__1 _6\"></span>debe <span class=\"__1 _6\"></span>entenders<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>un <span class=\"__1 _6\"></span>cambio<span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x3f h8_1 y2b2 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de una estimaci\u00f3n co<span class=\"__1 _6\"></span>ntable. </div></div><div class=\"c_1 w2f h6d gs61\"><div class=\"t_1 m0_1 x3f h8_1 y2b4 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Modificaci\u00f3n a la NIC 12 Impu<span class=\"__1 _6\"></span>estos<span class=\"__1 _6\"></span> diferidos </div><div class=\"t_1 m0_1 x3f h8_1 y2b1 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">derivados d<span class=\"__1 _6\"></span>e activos y pasivos que resu<span class=\"__1 _6\"></span>ltan de </div><div class=\"t_1 m0_1 x3f h8_1 y2b2 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">una \u00fanica tra<span class=\"__1 _6\"></span>nsacci\u00f3n </div></div><div class=\"c_1 w30 h6d gs62\"><div class=\"t_1 m0_1 x3f h8_1 y2b4 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Clarificaciones <span class=\"__1 _ce\"> </span>sobre <span class=\"__1 _cd\"> </span>como <span class=\"__1 _ce\"> </span>las <span class=\"__1 _ce\"> </span>entidades <span class=\"__1 _ce\"> </span>deben <span class=\"__1 _cd\"> </span>registrar <span class=\"__1 _ce\"> </span>el <span class=\"__1 _cd\"> </span>impu<span class=\"__1 _6\"></span>esto </div><div class=\"t_1 m0_1 x3f h8_1 y2b1 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">diferido derivado de activos y pasivos que resultan de una \u00fanica <span class=\"__1 _5\"></span>transacci\u00f3n </div><div class=\"t_1 m0_1 x3f h8_1 y2b2 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">como arrendamientos<span class=\"__1 _6\"></span> y obligacio<span class=\"__1 _6\"></span>nes por des<span class=\"__1 _6\"></span>mantelamiento.<span class=\"__1 _6\"></span> </div></div><div class=\"c_1 w2f h6f gs63\"><div class=\"t_1 m0_1 x3f h8_1 y2b6 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Modificaci\u00f3n a la NIIF <span class=\"__1 _6\"></span>17 Contratos<span class=\"__1 _6\"></span> de Seguros </div><div class=\"t_1 m0_1 x3f h8_1 y2b7 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">\u2013<span class=\"ff4\"> Aplicaci\u00f3n inicial de la NIIF <span class=\"__1 _6\"></span>17 y NIIF <span class=\"__1 _6\"></span>9. </span></div><div class=\"t_1 m0_1 x3f h8_1 y2b8 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Informaci\u00f3n comparativa<span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x3f h8_1 y2b9 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Modificaci\u00f3n a la NIC 12 R<span class=\"__1 _6\"></span>eforma Fiscal <span class=\"__1 _6\"></span><span class=\"ff6\">\u2013</span> </div><div class=\"t_1 m0_1 x3f h8_1 y2ad ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Reglas Modelo Pilar 2<span class=\"__1 _6\"></span> </div></div><div class=\"c_1 w30 h6f gs64\"><div class=\"t_1 m0_1 x3f h8_1 y2b6 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Modificaci\u00f3n <span class=\"__1 _cc\"> </span>de <span class=\"__1 _ce\"> </span>los <span class=\"__1 _cc\"> </span>requisitos <span class=\"__1 _cc\"> </span>de <span class=\"__1 _cf\"> </span>transici\u00f3n <span class=\"__1 _cf\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _cf\"> </span>la <span class=\"__1 _cc\"> </span>NIIF <span class=\"__1 _cf\"> </span>17 <span class=\"__1 _cf\"> </span>para <span class=\"__1 _cf\"> </span>las </div><div class=\"t_1 m0_1 x3f h8_1 y2b7 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">aseguradoras <span class=\"__1 _c8\"></span>que <span class=\"__1 _4\"></span>ap<span class=\"__1 _6\"></span>lican <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>NIIF <span class=\"__1 _c8\"></span>17 <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>la <span class=\"__1 _c8\"></span>NIIF <span class=\"__1 _4\"></span>9 <span class=\"__1 _c8\"></span>por <span class=\"__1 _4\"></span>primera <span class=\"__1 _c8\"></span>vez <span class=\"__1 _4\"></span>al <span class=\"__1 _c8\"></span>mismo </div><div class=\"t_1 m0_1 x3f h8_1 y2b8 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">tiempo. </div><div class=\"t_1 m0_1 x3f h8_1 y2b9 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Esta <span class=\"__1 _2a\"> </span>modificaci\u00f3n <span class=\"__1 _d0\"> </span>introduce <span class=\"__1 _d0\"> </span>u<span class=\"__1 _6\"></span>na <span class=\"__1 _d0\"> </span>exenci\u00f3n <span class=\"__1 _2a\"> </span>temporal <span class=\"__1 _2a\"> </span>obligatoria <span class=\"__1 _d0\"> </span>al </div><div class=\"t_1 m0_1 x3f h8_1 y2ad ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">reconocimiento <span class=\"__1 _c9\"> </span>de <span class=\"__1 _c9\"> </span>impuestos <span class=\"__1 _c9\"> </span>diferidos <span class=\"__1 _c9\"> </span>de <span class=\"__1 _cb\"> </span>NIC <span class=\"__1 _c9\"> </span>12 <span class=\"__1 _c9\"> </span>relacionados <span class=\"__1 _c9\"> </span>con <span class=\"__1 _c9\"> </span>la </div><div class=\"t_1 m0_1 x3f h8_1 y2ae ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">entrada <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c8\"> </span>vigor <span class=\"__1 _c6\"> </span>del <span class=\"__1 _c6\"> </span>modelo<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>impo<span class=\"__1 _6\"></span>sitivo <span class=\"__1 _c6\"> </span>internacional <span class=\"__1 _c6\"> </span>del <span class=\"__1 _c6\"> </span>Pilar <span class=\"__1 _c8\"> </span>2. <span class=\"__1 _c6\"> </span>Incluye </div><div class=\"t_1 m0_1 x3f h8_1 y2af ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">tambi\u00e9n requerimientos ad<span class=\"__1 _6\"></span>icionales d<span class=\"__1 _6\"></span>e desglose.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> </div></div>La <span class=\"__1 _4\"></span>modificaci\u00f3n <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>NIC-12 <span class=\"__1 _c8\"></span>relativa <span class=\"__1 _c8\"></span>al <span class=\"__1 _4\"></span>registro <span class=\"__1 _4\"></span>de <span class=\"__1 _c8\"></span>impuestos <span class=\"__1 _4\"></span>diferidos <span class=\"__1 _4\"></span>derivad<span class=\"__1 _6\"></span>os <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>act<span class=\"__1 _6\"></span>ivos <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>pasiv<span class=\"__1 _6\"></span>os <span class=\"__1 _4\"></span>que<span class=\"__1 _1bc\"> </span>resulten <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>una <span class=\"__1 _6\"></span>\u00fan<span class=\"__1 _6\"></span>ica <span class=\"__1 _6\"></span>trans<span class=\"__1 _6\"></span>acci\u00f3n, <span class=\"__1 _8\"></span>supone <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>reconocimien<span class=\"__1 _6\"></span>to <span class=\"__1 _6\"></span>al <span class=\"__1 _8\"></span>comienzo <span class=\"__1 _6\"></span>del <span class=\"__1 _8\"></span>arrendamiento<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>un<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>pasiv<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>por <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>arrendamiento <span class=\"__1 _6\"></span>financiero <span class=\"__1 _6\"></span>y u<span class=\"__1 _6\"></span>n <span class=\"__1 _6\"></span>activo <span class=\"__1 _6\"></span>por e<span class=\"__1 _6\"></span>l <span class=\"__1 _6\"></span>derecho <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>uso <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>aplicaci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>NIIF 16. <span class=\"__1 _8\"></span>La <span class=\"__1 _6\"></span>aplicaci\u00f3n<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _8\"></span>esta <span class=\"__1 _8\"></span>modificaci\u00f3n <span class=\"__1 _8\"></span>ha <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>upuesto <span class=\"__1 _8\"></span>el <span class=\"__1 _4\"></span>re<span class=\"__1 _5\"></span>conocimiento <span class=\"__1 _8\"></span>inicial<span class=\"__1 _6\"></span>, <span class=\"__1 _8\"></span>al <span class=\"__1 _4\"></span>inicio <span class=\"__1 _6\"></span>del <span class=\"__1 _8\"></span>primer <span class=\"__1 _8\"></span>per\u00edodo <span class=\"__1 _8\"></span>compar<span class=\"__1 _6\"></span>ativo<span class=\"__1 _6\"></span>, <span class=\"__1 _8\"></span>esto<span class=\"__1 _1bc\"> </span>es, <span class=\"__1 _8\"></span>a <span class=\"__1 _6\"></span>1 <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>enero <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>2022, <span class=\"__1 _8\"></span><span class=\"ff6\">de <span class=\"__1 _8\"></span>un <span class=\"__1 _8\"></span>activo <span class=\"__1 _8\"></span>por <span class=\"__1 _8\"></span>impuesto <span class=\"__1 _8\"></span>diferido <span class=\"__1 _8\"></span>por <span class=\"__1 _8\"></span>importe <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>7.693 <span class=\"__1 _6\"></span>mi<span class=\"__1 _6\"></span>les <span class=\"__1 _8\"></span>\u20ac<span class=\"__1 _6\"></span></span>, <span class=\"__1 _8\"></span>un <span class=\"__1 _8\"></span>pasiv<span class=\"__1 _6\"></span>o <span class=\"__1 _8\"></span>por<span class=\"__1 _1bc\"> </span>impuesto <span class=\"__1 _cb\"> </span>diferido  de <span class=\"__1 _cb\"> </span>importe <span class=\"__1 _cb\"> </span>7.795 <span class=\"__1 _cb\"> </span>mile<span class=\"__1 _5\"></span>s <span class=\"__1 _cb\"> </span>\u20ac  (v\u00e9ase <span class=\"__1 _cb\"> </span>Nota <span class=\"__1 _c9\"> </span><span class=\"ff4 ls12\">32<span class=\"ls0_1\">) <span class=\"__1 _cb\"> </span></span></span>y  un <span class=\"__1 _cb\"> </span>cargo <span class=\"__1 _cb\"> </span>a  \u201cReservas <span class=\"__1 _cb\"> </span>en <span class=\"__1 _cb\"> </span>sociedades<span class=\"__1 _1bc\"> </span>consolidadas<span class=\"__1 _6\"></span> por integraci\u00f3n global y<span class=\"__1 _6\"></span> proporcional\u201d<span class=\"__1 _6\"></span> por importe de 102 miles \u20ac.<span class=\"__1 _6\"></span><span class=\"ff4\"> </span>2.7<span class=\"ff5\"> <span class=\"__1 _cc\"> </span></span><span class=\"fc3\">Normas e interpreta<span class=\"__1 _5\"></span>ciones emitida<span class=\"__1 _5\"></span>s no vigentes </span>A  la  fecha  de <span class=\"__1 _ca\"> </span>formulaci\u00f3n  de  estas  cuentas  anuales  consolidadas,  las  normas  e<span class=\"__1 _70\"></span>  interpretacion<span class=\"__1 _6\"></span>es  m\u00e1s<span class=\"__1 _1bc\"> </span>significativas <span class=\"__1 _6\"></span>qu<span class=\"__1 _6\"></span>e hab<span class=\"__1 _6\"></span>\u00edan <span class=\"__1 _6\"></span>sido <span class=\"__1 _6\"></span>publicadas<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>por <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>IASB, <span class=\"__1 _6\"></span>pero <span class=\"__1 _6\"></span>no <span class=\"__1 _6\"></span>hab\u00edan <span class=\"__1 _6\"></span>entra<span class=\"__1 _6\"></span>do <span class=\"__1 _6\"></span>a\u00fan <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>vigor, <span class=\"__1 _6\"></span>bien <span class=\"__1 _6\"></span>porque <span class=\"__1 _6\"></span>no<span class=\"__1 _1bc\"> </span>han sido a\u00fan adoptadas por la Uni\u00f3n Europea, o bien, porque su fecha d<span class=\"__1 _6\"></span>e efectividad es posterior a la fecha<span class=\"__1 _1bc\"> </span>de formulaci\u00f3n, son<span class=\"__1 _6\"></span>:<span class=\"__1 _1bc\"> </span>Norma<span class=\"__1 _1bc\"> </span>Contenido<span class=\"__1 _1bc\"> </span>Modificaciones y/o interp<span class=\"__1 _6\"></span>retaciones<span class=\"__1 _1bc\"> </span>aplicables a partir del 1 de<span class=\"__1 _6\"></span> enero d<span class=\"__1 _6\"></span>e 2024<span class=\"__1 _6\"></span>-<span class=\"__1 _1bc\"> </span>Modificaci\u00f3n a la NIC 1. <span class=\"__1 _6\"></span>Clasificaci\u00f3n de<span class=\"__1 _1bc\"> </span>pasivos como corrientes y<span class=\"__1 _6\"></span> no corrientes y<span class=\"__1 _6\"></span>,<span class=\"__1 _1bc\"> </span>aquellos su<span class=\"__1 _6\"></span>jetos a covenants<span class=\"__1 _6\"></span> Modificaci\u00f3n a la NIIF <span class=\"__1 _6\"></span>16 Pasivo por<span class=\"__1 _1bc\"> </span>arrendamiento en una <span class=\"__1 _6\"></span>venta con<span class=\"__1 _1bc\"> </span>arrendamiento posterior<span class=\"__1 _1bc\"> </span>Modificaci\u00f3n a la NIC 7 y<span class=\"__1 _6\"></span> NIIF 7 Acuerdos<span class=\"__1 _6\"></span> de<span class=\"__1 _1bc\"> </span>financiaci\u00f3n con p<span class=\"__1 _6\"></span>roveedores<span class=\"__1 _1bc\"> </span>Clarificaciones <span class=\"__1 _6\"></span>respecto <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>presentaci\u00f3n <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>corrientes<span class=\"__1 _6\"></span> o<span class=\"__1 _6\"></span> n<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>corrientes <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span>pasivos <span class=\"__1 _cf\"> </span>y, <span class=\"__1 _cc\"> </span>en <span class=\"__1 _cf\"> </span>particular <span class=\"__1 _cf\"> </span>de <span class=\"__1 _cf\"> </span>aquellos <span class=\"__1 _cf\"> </span>con<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>vencimiento <span class=\"__1 _cf\"> </span>condicion<span class=\"__1 _6\"></span>ado <span class=\"__1 _cf\"> </span>al<span class=\"__1 _1bc\"> </span>cumplimiento de covenan<span class=\"__1 _6\"></span>ts.<span class=\"__1 _1bc\"> </span>Esta <span class=\"__1 _cc\"> </span>modificaci\u00f3n <span class=\"__1 _d1\"> </span>aclara <span class=\"__1 _cc\"> </span>la <span class=\"__1 _d1\"> </span>contabilidad <span class=\"__1 _d1\"> </span>posterior <span class=\"__1 _cc\"> </span>de <span class=\"__1 _d1\"> </span>los<span class=\"__1 _6\"></span> <span class=\"__1 _cc\"> </span>pasiv<span class=\"__1 _6\"></span>os <span class=\"__1 _cc\"> </span>por<span class=\"__1 _1bc\"> </span>arrendamiento <span class=\"__1 _c8\"> </span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _c8\"> </span>su<span class=\"__1 _6\"></span>rgen <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c6\"> </span>las <span class=\"__1 _c6\"> </span>transacciones <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>venta <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c6\"> </span>arrendamiento<span class=\"__1 _1bc\"> </span>posterior.<span class=\"__1 _1bc\"> </span>Esta modificaci\u00f3n introduce requisitos de desglose de <span class=\"__1 _5\"></span>informaci\u00f3n espec\u00edficos<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>acuerdos <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>financiaci\u00f3n <span class=\"__1 _8\"></span>con <span class=\"__1 _6\"></span>proveedores <span class=\"__1 _8\"></span>y <span class=\"__1 _6\"></span>sus <span class=\"__1 _8\"></span>efectos <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>pasivos<span class=\"__1 _1bc\"> </span>y <span class=\"__1 _8\"></span>flujos <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>efectivo <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>e<span class=\"__1 _6\"></span>mpresa, <span class=\"__1 _8\"></span>incluy<span class=\"__1 _6\"></span>endo <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>riesgo <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>liquidez <span class=\"__1 _8\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>gesti\u00f3n<span class=\"__1 _1bc\"> </span>de los riesgos a<span class=\"__1 _6\"></span>sociados.<span class=\"__1 _1bc\"> </span>Modificaciones y/o interp<span class=\"__1 _6\"></span>retaciones<span class=\"__1 _1bc\"> </span>aplicables a partir del 1 de<span class=\"__1 _6\"></span> enero d<span class=\"__1 _6\"></span>e 2025<span class=\"__1 _6\"></span>-<span class=\"__1 _1bc\"> </span>Modificaci\u00f3n a la NIC 21 Au<span class=\"__1 _6\"></span>sencia de<span class=\"__1 _1bc\"> </span>convertibilidad<span class=\"__1 _1bc\"> </span>Esta <span class=\"__1 _4\"></span>modificaci\u00f3n <span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span>tablece <span class=\"__1 _4\"></span>un <span class=\"__1 _8\"></span>enfoq<span class=\"__1 _6\"></span>ue <span class=\"__1 _8\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>specifica <span class=\"__1 _4\"></span>cuando <span class=\"__1 _4\"></span>una <span class=\"__1 _8\"></span>moneda<span class=\"__1 _1bc\"> </span>puede ser intercambiada <span class=\"__1 _6\"></span>por otra, y en<span class=\"__1 _6\"></span> caso de no serlo, la determinaci\u00f3n del<span class=\"__1 _1bc\"> </span>tipo de cambio a u<span class=\"__1 _6\"></span>tilizar.<span class=\"__1 _1bc\"> </span>No <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>esperan <span class=\"__1 _4\"></span>impactos<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>significativos <span class=\"__1 _4\"></span>p<span class=\"__1 _6\"></span>or <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>introducci\u00f3n <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>estas <span class=\"__1 _4\"></span>modificaciones<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>al <span class=\"__1 _4\"></span>ser <span class=\"__1 _c6\"> </span>aplicaciones <span class=\"__1 _4\"></span>de<span class=\"__1 _1bc\"> </span>car\u00e1cter <span class=\"__1 _c8\"></span>prospectivo, <span class=\"__1 _c8\"> </span>modificaciones <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>presentaci\u00f3n <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c8\"> </span>desglose <span class=\"__1 _c8\"> </span>y/o <span class=\"__1 _c8\"> </span>tratar <span class=\"__1 _c8\"> </span>asp<span class=\"__1 _6\"></span>ectos <span class=\"__1 _c8\"></span>no <span class=\"__1 _4\"></span>aplicab<span class=\"__1 _6\"></span>les <span class=\"__1 _4\"></span>o<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>n<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>significativos a la<span class=\"__1 _6\"></span>s operaciones d<span class=\"__1 _6\"></span>el Grupo.<span class=\"__1 _1bc\"> </span>2.8<span class=\"ff5\"> <span class=\"__1 _cc\"> </span></span><span class=\"fc3\">Conflictos b\u00e9li<span class=\"__1 _5\"></span>cos internacion<span class=\"__1 _5\"></span>ales<span class=\"__1 _1bc\"> </span></span>Tanto <span class=\"__1 _c8\"> </span>el <span class=\"__1 _c8\"> </span>con<span class=\"__1 _6\"></span>flicto <span class=\"__1 _c8\"></span>b\u00e9lico <span class=\"__1 _c8\"> </span>entr<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"> </span>Rusia <span class=\"__1 _c8\"> </span>y<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>Ucrania<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>como <span class=\"__1 _c8\"> </span>el<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>que <span class=\"__1 _c8\"> </span>est\u00e1<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>acaeciendo <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c6\"> </span>Oriente <span class=\"__1 _c6\"> </span>Pr\u00f3ximo <span class=\"__1 _c6\"> </span>est\u00e1n<span class=\"__1 _1bc\"> </span>afectando <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>forma <span class=\"__1 _c8\"> </span>significa<span class=\"__1 _6\"></span>tiva <span class=\"__1 _c8\"> </span>a <span class=\"__1 _c8\"> </span>los <span class=\"__1 _c6\"> </span>mercados <span class=\"__1 _c8\"> </span>econ\u00f3micos <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c8\"> </span>financieros <span class=\"__1 _c6\"> </span>globales, <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c8\"></span>a <span class=\"__1 _c8\"> </span>sus <span class=\"__1 _c8\"> </span>cond<span class=\"__1 _6\"></span>iciones<span class=\"__1 _1bc\"> </span>macroecon\u00f3micas. En e<span class=\"__1 _5\"></span>ste <span class=\"__1 _5\"></span>escenario, ENCE <span class=\"__1 _70\"></span>est\u00e1 haciendo un <span class=\"__1 _70\"></span>seguimiento continuo <span class=\"__1 _5\"></span>del <span class=\"__1 _5\"></span>estado y <span class=\"__1 _70\"></span>evoluci\u00f3n de <span class=\"__1 _70\"></span>la s<span class=\"__1 _6\"></span>ituaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>actual<span class=\"__1 _1bc\"> </span>generada por <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>crisis al objeto d<span class=\"__1 _6\"></span>e gestionar los<span class=\"__1 _6\"></span> riesgos <span class=\"__1 _6\"></span>potenciales. La <span class=\"__1 _6\"></span>prioridad s<span class=\"__1 _6\"></span>e ha centra<span class=\"__1 _6\"></span>do en limitar <span class=\"__1 _6\"></span>y<span class=\"__1 _1bc\"> </span>reducir <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>impact<span class=\"__1 _6\"></span>o <span class=\"__1 _8\"></span>del <span class=\"__1 _4\"></span>incremento <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>recios <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>las <span class=\"__1 _4\"></span>m<span class=\"__1 _5\"></span>aterias <span class=\"__1 _4\"></span>primas <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>fletes, <span class=\"__1 _8\"></span>as\u00ed <span class=\"__1 _8\"></span>como <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>adopci\u00f3n <span class=\"__1 _8\"></span>de<span class=\"__1 _1bc\"> </span>medidas <span class=\"__1 _4\"></span>de <span class=\"__1 _c8\"></span>defensa <span class=\"__1 _c8\"></span>y <span class=\"__1 _4\"></span>c<span class=\"__1 _6\"></span>ontroles <span class=\"__1 _c8\"></span>internos <span class=\"__1 _c8\"></span>para <span class=\"__1 _4\"></span>la <span class=\"__1 _c8\"></span>protecci\u00f3n <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>nuestra<span class=\"__1 _6\"></span>s <span class=\"__1 _4\"></span>infraestru<span class=\"__1 _6\"></span>cturas <span class=\"__1 _c8\"></span>digitales. <span class=\"__1 _4\"></span>En<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>lo<span class=\"__1 _1bc\"> </span>relativo a <span class=\"__1 _70\"></span>la energ\u00eda el\u00e9ctrica, <span class=\"__1 _5\"></span>ENCE Celulosa es <span class=\"__1 _70\"></span>au<span class=\"__1 _6\"></span>tosuficiente en <span class=\"__1 _70\"></span>con<span class=\"__1 _6\"></span>diciones normales <span class=\"__1 _5\"></span>de operaci\u00f3n ya <span class=\"__1 _5\"></span>que<span class=\"__1 _1bc\"> </span>la energ\u00eda el\u00e9ctrica generada en nuestras biof\u00e1bricas es superior a la energ\u00eda consumida. Por su parte, ENCE<span class=\"__1 _1bc\"> </span>Renovables <span class=\"__1 _6\"></span>tambi\u00e9n es <span class=\"__1 _6\"></span>excedentario <span class=\"__1 _6\"></span>energ\u00e9ticamente al <span class=\"__1 _6\"></span>ser su <span class=\"__1 _6\"></span>actividad la <span class=\"__1 _6\"></span>generaci\u00f3n <span class=\"__1 _6\"></span>de energ\u00eda el\u00e9ctrica<span class=\"__1 _1bc\"> </span>a partir de fuentes<span class=\"__1 _6\"></span> renovables. Adicionalmente <span class=\"__1 _c8\"> </span>se <span class=\"__1 _c8\"></span>est\u00e1 <span class=\"__1 _c8\"></span>llevando <span class=\"__1 _c8\"> </span>a <span class=\"__1 _c8\"> </span>cabo <span class=\"__1 _c8\"> </span>un <span class=\"__1 _c8\"> </span>seguimiento <span class=\"__1 _c8\"> </span>cercano <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>nues<span class=\"__1 _6\"></span>tros <span class=\"__1 _c8\"></span>principales <span class=\"__1 _c8\"> </span>clientes <span class=\"__1 _c8\"></span>con <span class=\"__1 _c8\"> </span>el<span class=\"__1 _1bc\"> </span>objetivo <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>identificar <span class=\"__1 _5\"></span>su <span class=\"__1 _70\"></span>afecci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>por la <span class=\"__1 _70\"></span>crisis <span class=\"__1 _70\"></span>energ\u00e9tica <span class=\"__1 _70\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>adop<span class=\"__1 _6\"></span>tar <span class=\"__1 _70\"></span>acciones come<span class=\"__1 _5\"></span>rciales <span class=\"__1 _5\"></span>alternativas e<span class=\"__1 _5\"></span>n <span class=\"__1 _70\"></span>cas<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>de ser necesario.<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _6\"></span>Grupo <span class=\"__1 _8\"></span>no <span class=\"__1 _6\"></span>tiene <span class=\"__1 _6\"></span>contrap<span class=\"__1 _6\"></span>artes, <span class=\"__1 _6\"></span>ni <span class=\"__1 _6\"></span>por <span class=\"__1 _8\"></span>la par<span class=\"__1 _6\"></span>te d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>suministro <span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>i <span class=\"__1 _6\"></span>por <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>ventas, <span class=\"__1 _6\"></span>event<span class=\"__1 _8\"></span>ualmente <span class=\"__1 _6\"></span>afectadas<span class=\"__1 _1bc\"> </span>por <span class=\"__1 _5\"></span>las sanciones, <span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>i <span class=\"__1 _5\"></span>mantiene operaciones <span class=\"__1 _70\"></span>ni tiene <span class=\"__1 _70\"></span>forma<span class=\"__1 _6\"></span>lizados<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>contratos de <span class=\"__1 _70\"></span>suministro<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>vincu<span class=\"__1 _6\"></span>lados a <span class=\"__1 _70\"></span>Rusia.<span class=\"__1 _1bc\"> </span>Por <span class=\"__1 _6\"></span>su <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>arte, <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>operativa <span class=\"__1 _8\"></span>de EN<span class=\"__1 _6\"></span>CE <span class=\"__1 _6\"></span>con <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>zo<span class=\"__1 _6\"></span>na <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>conflicto <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>Oriente <span class=\"__1 _6\"></span>Pr\u00f3ximo <span class=\"__1 _8\"></span>es <span class=\"__1 _6\"></span>residual, <span class=\"__1 _6\"></span>al<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>centra<span class=\"__1 _6\"></span>rse <span class=\"__1 _6\"></span>las<span class=\"__1 _1bc\"> </span>operaciones del Grup<span class=\"__1 _6\"></span>o en Europa.<span class=\"__1 _6\"></span> 3.<span class=\"ff5 ls0_1\"> <span class=\"__1 _c1\"> </span><span class=\"ff3_1\">Pol\u00edticas contables<span class=\"__1 _1bc\"> </span></span></span>Las principales pol\u00edticas <span class=\"__1 _5\"></span>contables utilizadas en <span class=\"__1 _70\"></span>la elaboraci\u00f3n de <span class=\"__1 _5\"></span>estas cuentas anuales, <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>con<span class=\"__1 _6\"></span>formidad con<span class=\"__1 _1bc\"> </span>lo establecido en las Normas Internacionales de Informaci\u00f3n Financiera e interpretaciones adop<span class=\"__1 _6\"></span>tadas por la<span class=\"__1 _1bc\"> </span>Uni\u00f3n Europ<span class=\"__1 _6\"></span>ea (NIIF-UE), se detallan a<span class=\"__1 _6\"></span> continuaci\u00f3n<span class=\"__1 _6\"></span>:<span class=\"__1 _1bc\"> </span>3.1<span class=\"ff5\"> <span class=\"__1 _cc\"> </span></span><span class=\"fc3\">Combinacione<span class=\"__1 _5\"></span>s de negocio<span class=\"__1 _1bc\"> </span></span>Las combinaciones de <span class=\"__1 _70\"></span>negocio<span class=\"__1 _6\"></span>s en <span class=\"__1 _5\"></span>las que <span class=\"__1 _5\"></span>el <span class=\"__1 _5\"></span>Grupo adquiere <span class=\"__1 _5\"></span>el control <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e uno <span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span> varios <span class=\"__1 _5\"></span>negocios se <span class=\"__1 _5\"></span>registran<span class=\"__1 _1bc\"> </span>por el m\u00e9todo de adqu<span class=\"__1 _6\"></span>isici\u00f3n de acuerdo a<span class=\"__1 _6\"></span> lo dispues<span class=\"__1 _6\"></span>to en la NIIF 3 Combinaciones d<span class=\"__1 _6\"></span>e Negocio. El <span class=\"__1 _8\"></span>m\u00e9todo <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>adquisici\u00f3n <span class=\"__1 _4\"></span>implica, <span class=\"__1 _8\"></span>con <span class=\"__1 _8\"></span>car\u00e1cter <span class=\"__1 _4\"></span>general, <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>l <span class=\"__1 _4\"></span>re<span class=\"__1 _5\"></span>gistro, <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>fecha <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>ENCE <span class=\"__1 _4\"></span>obtiene <span class=\"__1 _8\"></span>el<span class=\"__1 _1bc\"> </span>control <span class=\"__1 _cb\"> </span>del <span class=\"__1 _cb\"> </span>ne<span class=\"__1 _6\"></span>gocio <span class=\"__1 _cb\"> </span>adqu<span class=\"__1 _6\"></span>irido, <span class=\"__1 _cb\"> </span>de <span class=\"__1 _cb\"> </span>los <span class=\"__1 _c9\"> </span>activos <span class=\"__1 _cb\"> </span>adquirid<span class=\"__1 _6\"></span>os, <span class=\"__1 _cb\"> </span>los <span class=\"__1 _cb\"> </span>pas<span class=\"__1 _6\"></span>ivos <span class=\"__1 _cb\"> </span>asumidos<span class=\"__1 _6\"></span>, <span class=\"__1 _cb\"> </span>los <span class=\"__1 _cb\"> </span>instru<span class=\"__1 _6\"></span>mentos <span class=\"__1 _cb\"> </span>de<span class=\"__1 _1bc\"> </span>patrimonio <span class=\"__1 _8\"></span>neto <span class=\"__1 _8\"></span>emitidos, <span class=\"__1 _6\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>cualquier <span class=\"__1 _8\"></span>contrapres<span class=\"__1 _6\"></span>taci\u00f3n <span class=\"__1 _8\"></span>contingente <span class=\"__1 _6\"></span>que <span class=\"__1 _8\"></span>dependa <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>hechos <span class=\"__1 _8\"></span>futuros <span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>el<span class=\"__1 _1bc\"> </span>cumplimiento <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>ciertas <span class=\"__1 _c8\"></span>condiciones, <span class=\"__1 _4\"></span>por <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>u <span class=\"__1 _4\"></span>valor <span class=\"__1 _4\"></span>razon<span class=\"__1 _6\"></span>able <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>dicha <span class=\"__1 _c8\"></span>fecha, <span class=\"__1 _4\"></span>siempre <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>cu<span class=\"__1 _6\"></span>ando <span class=\"__1 _c8\"></span>este <span class=\"__1 _4\"></span>valor<span class=\"__1 _1bc\"> </span>pueda <span class=\"__1 _4\"></span>ser <span class=\"__1 _8\"></span>medido <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>forma <span class=\"__1 _4\"></span>fiable. <span class=\"__1 _8\"></span>Los <span class=\"__1 _4\"></span>costes <span class=\"__1 _4\"></span>relacionados <span class=\"__1 _4\"></span>con <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>adquis<span class=\"__1 _6\"></span>ici\u00f3n <span class=\"__1 _4\"></span>se <span class=\"__1 _8\"></span>reconocen <span class=\"__1 _4\"></span>como <span class=\"__1 _4\"></span>gastos<span class=\"__1 _1bc\"> </span>cuando se in<span class=\"__1 _6\"></span>curre en ellos.<span class=\"__1 _1bc\"> </span>La <span class=\"__1 _c8\"></span>diferencia <span class=\"__1 _c8\"></span>positiva<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>exis<span class=\"__1 _6\"></span>tente <span class=\"__1 _4\"></span>entre <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c8\"></span>contraprestaci\u00f3n <span class=\"__1 _c8\"> </span>tra<span class=\"__1 _6\"></span>nsferida <span class=\"__1 _c8\"></span>por <span class=\"__1 _c8\"></span>la <span class=\"__1 _c8\"></span>participaci\u00f3n <span class=\"__1 _c8\"> </span>adqu<span class=\"__1 _6\"></span>irida, <span class=\"__1 _c8\"></span>y <span class=\"__1 _c8\"></span>el<span class=\"__1 _1bc\"> </span>importe <span class=\"__1 _6\"></span>neto <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>activo<span class=\"__1 _6\"></span>s <span class=\"__1 _6\"></span>adquiridos<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>pasivos <span class=\"__1 _6\"></span>asumidos, <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>incluy<span class=\"__1 _6\"></span>e los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>pasivos <span class=\"__1 _6\"></span>con<span class=\"__1 _6\"></span>tingentes, <span class=\"__1 _6\"></span>junto <span class=\"__1 _6\"></span>con<span class=\"__1 _1bc\"> </span>el v<span class=\"__1 _6\"></span>alor <span class=\"__1 _6\"></span>razonable <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>participaci\u00f3n <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>pu<span class=\"__1 _6\"></span>diera <span class=\"__1 _6\"></span>tenerse <span class=\"__1 _6\"></span>prev<span class=\"__1 _6\"></span>iamente <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>negocio <span class=\"__1 _6\"></span>adquirido, <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>e registra<span class=\"__1 _1bc\"> </span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>ep\u00edgrafe <span class=\"__1 _6\"></span>\u201cFondo <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>co<span class=\"__1 _6\"></span>mercio\u201d. <span class=\"__1 _6\"></span>Si <span class=\"__1 _8\"></span>dicha <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>iferencia <span class=\"__1 _6\"></span>fu<span class=\"__1 _6\"></span>era <span class=\"__1 _6\"></span>negativ<span class=\"__1 _6\"></span>a, <span class=\"__1 _6\"></span>se <span class=\"__1 _8\"></span>reconocer\u00eda <span class=\"__1 _6\"></span>directamente <span class=\"__1 _8\"></span>como<span class=\"__1 _1bc\"> </span>un mayor resulta<span class=\"__1 _6\"></span>do del ejercicio.<span class=\"__1 _1bc\"> </span>Si <span class=\"__1 _70\"></span>la <span class=\"__1 _5\"></span>combinaci\u00f3n de <span class=\"__1 _70\"></span>negocios s\u00f3lo <span class=\"__1 _70\"></span>se <span class=\"__1 _70\"></span>puede <span class=\"__1 _5\"></span>determinar <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>f<span class=\"__1 _6\"></span>orma <span class=\"__1 _70\"></span>pro<span class=\"__1 _6\"></span>visio<span class=\"__1 _6\"></span>nal, los <span class=\"__1 _70\"></span>activos <span class=\"__1 _5\"></span>netos <span class=\"__1 _70\"></span>identificables<span class=\"__1 _1bc\"> </span>se <span class=\"__1 _c6\"> </span>registran <span class=\"__1 _c6\"> </span>inicialmente <span class=\"__1 _c6\"> </span>po<span class=\"__1 _6\"></span>r <span class=\"__1 _c6\"> </span>sus<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>valores <span class=\"__1 _c6\"> </span>provisionales<span class=\"__1 _6\"></span>, <span class=\"__1 _c6\"> </span>reconociendo <span class=\"__1 _c6\"> </span>los <span class=\"__1 _c6\"> </span>ajustes<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>efectuados <span class=\"__1 _c6\"> </span>du<span class=\"__1 _6\"></span>rante <span class=\"__1 _c8\"> </span>el<span class=\"__1 _1bc\"> </span>periodo de <span class=\"__1 _5\"></span>valoraci\u00f3n definitiva, que como m<span class=\"__1 _5\"></span>\u00e1ximo es <span class=\"__1 _5\"></span>de 1 a\u00f1o <span class=\"__1 _5\"></span>desde la <span class=\"__1 _5\"></span>fecha de <span class=\"__1 _70\"></span>ad<span class=\"__1 _6\"></span>quisici\u00f3n<span class=\"__1 _6\"></span>, como <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>i \u00e9stos<span class=\"__1 _1bc\"> </span>se <span class=\"__1 _c8\"></span>hubieran <span class=\"__1 _c8\"></span>conocido <span class=\"__1 _c8\"></span>en <span class=\"__1 _4\"></span>la <span class=\"__1 _c8\"> </span>fecha <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>ad<span class=\"__1 _6\"></span>quisici\u00f3n, <span class=\"__1 _c8\"></span>re-expr<span class=\"__1 _6\"></span>esando, <span class=\"__1 _c8\"> </span>en <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>u <span class=\"__1 _4\"></span>cas<span class=\"__1 _6\"></span>o, <span class=\"__1 _4\"></span>las <span class=\"__1 _c8\"> </span>cifras <span class=\"__1 _c8\"></span>comparativas <span class=\"__1 _c8\"></span>del ejercicio <span class=\"__1 _c9\"> </span>anterior.<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>En <span class=\"__1 _c9\"> </span>cualqu<span class=\"__1 _6\"></span>ier <span class=\"__1 _c9\"> </span>caso, <span class=\"__1 _c9\"> </span>los <span class=\"__1 _c9\"> </span>aj<span class=\"__1 _6\"></span>ustes <span class=\"__1 _c9\"> </span>a <span class=\"__1 _c9\"> </span>los<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>valores <span class=\"__1 _c9\"> </span>p<span class=\"__1 _6\"></span>rovisionales <span class=\"__1 _c9\"> </span>\u00fa<span class=\"__1 _6\"></span>nicamente <span class=\"__1 _c9\"> </span>incorpora<span class=\"__1 _6\"></span>n informaci\u00f3n <span class=\"__1 _8\"></span>relativa <span class=\"__1 _4\"></span>a <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>hechos<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>circuns<span class=\"__1 _6\"></span>tancias <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>exi<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>t\u00edan <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>f<span class=\"__1 _5\"></span>echa <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>adquisici\u00f3n <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>que, <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>haber<span class=\"__1 _1bc\"> </span> sido <span class=\"__1 _8\"></span>conocidos, <span class=\"__1 _8\"></span>hubieran <span class=\"__1 _8\"></span>afectado <span class=\"__1 _8\"></span>a <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>impo<span class=\"__1 _6\"></span>rtes <span class=\"__1 _8\"></span>reconocidos <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>dicha<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>fecha. <span class=\"__1 _8\"></span>Transcurrido<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>icho <span class=\"__1 _8\"></span>periodo, s\u00f3lo se realizan a<span class=\"__1 _6\"></span>justes a la valoraci\u00f3n in<span class=\"__1 _6\"></span>icial como la correc<span class=\"__1 _6\"></span>ci\u00f3n de un error.<span class=\"__1 _6\"></span> Los <span class=\"__1 _6\"></span>fond<span class=\"__1 _6\"></span>os <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>comercio <span class=\"__1 _6\"></span>s\u00f3lo <span class=\"__1 _8\"></span>se <span class=\"__1 _6\"></span>reconocen <span class=\"__1 _6\"></span>cu<span class=\"__1 _6\"></span>ando <span class=\"__1 _6\"></span>h<span class=\"__1 _6\"></span>an <span class=\"__1 _6\"></span>sido <span class=\"__1 _8\"></span>adquiridos <span class=\"__1 _8\"></span>a <span class=\"__1 _6\"></span>t\u00edtulo <span class=\"__1 _6\"></span>on<span class=\"__1 _6\"></span>eroso <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>no<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>amort<span class=\"__1 _6\"></span>izan. En <span class=\"__1 _4\"></span>su <span class=\"__1 _8\"></span>lugar, <span class=\"__1 _4\"></span>son <span class=\"__1 _8\"></span>revisados <span class=\"__1 _4\"></span>anualmente <span class=\"__1 _8\"></span>m<span class=\"__1 _6\"></span>ediante <span class=\"__1 _4\"></span>estudios <span class=\"__1 _8\"></span>para <span class=\"__1 _4\"></span>verificar <span class=\"__1 _8\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _4\"></span>no <span class=\"__1 _8\"></span>exista <span class=\"__1 _4\"></span>d<span class=\"__1 _5\"></span>eterioro <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>valor asignado <span class=\"__1 _6\"></span>inicialmente, <span class=\"__1 _6\"></span>recono<span class=\"__1 _6\"></span>ci\u00e9ndose <span class=\"__1 _6\"></span>p\u00e9rdidas<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>por <span class=\"__1 _6\"></span>el d<span class=\"__1 _6\"></span>eterioro <span class=\"__1 _6\"></span>de v<span class=\"__1 _8\"></span>alor <span class=\"__1 _6\"></span>si <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>valor <span class=\"__1 _6\"></span>recuperable <span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>inferior al valor asignado inicialmente. El valor recuperable se determina en base al valor actual de <span class=\"__1 _5\"></span>los flujos futuros esperados de las<span class=\"__1 _6\"></span> unidades generadoras<span class=\"__1 _6\"></span> de efectivo a las qu<span class=\"__1 _6\"></span>e se asigna cad<span class=\"__1 _6\"></span>a uno de los<span class=\"__1 _6\"></span> fondos de comerci<span class=\"__1 _6\"></span><span class=\"ls19\">o, </span>descontados<span class=\"__1 _6\"></span> a <span class=\"__1 _70\"></span>un<span class=\"__1 _6\"></span>a tasa <span class=\"__1 _70\"></span>q<span class=\"__1 _6\"></span>ue considera <span class=\"__1 _5\"></span>los riesgos e<span class=\"__1 _5\"></span>spec\u00edficos<span class=\"__1 _6\"></span> de <span class=\"__1 _70\"></span>cad<span class=\"__1 _6\"></span>a uno <span class=\"__1 _5\"></span>de los <span class=\"__1 _70\"></span>act<span class=\"__1 _6\"></span>ivos. Una vez <span class=\"__1 _5\"></span>reconocida la <span class=\"__1 _cb\"> </span>p\u00e9rdida  p<span class=\"__1 _6\"></span>or <span class=\"__1 _cb\"> </span>deterioro  d<span class=\"__1 _6\"></span>e <span class=\"__1 _cb\"> </span>un <span class=\"__1 _cb\"> </span>fondo  de <span class=\"__1 _cb\"> </span>comercio, <span class=\"__1 _cb\"> </span>\u00e9sta <span class=\"__1 _cb\"> </span>no  revierte <span class=\"__1 _cb\"> </span>en <span class=\"__1 _cb\"> </span>los <span class=\"__1 _cb\"> </span>ejercicios <span class=\"__1 _cb\"> </span>futuros. <span class=\"__1 _cb\"> </span>Estas valoraciones <span class=\"__1 _6\"></span>son realizadas <span class=\"__1 _6\"></span>de forma in<span class=\"__1 _6\"></span>terna <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>se ofrecen <span class=\"__1 _6\"></span>detalles sob<span class=\"__1 _6\"></span>re la <span class=\"__1 _6\"></span>metodolog\u00eda de c\u00e1lculo <span class=\"__1 _6\"></span>aplicada en la Nota 3.5. Adicionalmente <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>lo <span class=\"__1 _6\"></span>indicad<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>anteriormente, <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>fondos <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>comercio <span class=\"__1 _6\"></span>asociad<span class=\"__1 _6\"></span>os <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>plantas<span class=\"__1 _6\"></span> de <span class=\"__1 _6\"></span>generaci\u00f3n<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e energ\u00eda <span class=\"__1 _6\"></span>renovable <span class=\"__1 _8\"></span>se <span class=\"__1 _6\"></span>recuperan,<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>forma <span class=\"__1 _8\"></span>lineal, <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>a\u00f1os <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>ida <span class=\"__1 _6\"></span>regu<span class=\"__1 _6\"></span>latoria <span class=\"__1 _8\"></span>restante <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>plantas <span class=\"__1 _8\"></span>de<span class=\"__1 _1bc\"> </span>las <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>son <span class=\"__1 _4\"></span>titulares. <span class=\"__1 _4\"></span>En <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>ste <span class=\"__1 _4\"></span>sentido, <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>fond<span class=\"__1 _6\"></span>o <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>come<span class=\"__1 _5\"></span>rcio <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>deteriora <span class=\"__1 _4\"></span>para <span class=\"__1 _4\"></span>recoger <span class=\"__1 _4\"></span>as\u00ed <span class=\"__1 _8\"></span>el <span class=\"__1 _4\"></span>efecto <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>la reducci\u00f3n en la vida <span class=\"__1 _6\"></span>regulatoria restante de las<span class=\"__1 _6\"></span> plantas con el pas<span class=\"__1 _6\"></span>o del tiempo.<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _c8\"></span>Grupo <span class=\"__1 _c8\"></span>eval\u00faa <span class=\"__1 _c8\"></span>en <span class=\"__1 _4\"></span>cada <span class=\"__1 _c8\"> </span>transacc<span class=\"__1 _6\"></span>i\u00f3n <span class=\"__1 _c8\"></span>si <span class=\"__1 _4\"></span>h<span class=\"__1 _6\"></span>a <span class=\"__1 _c8\"></span>adquirido <span class=\"__1 _4\"></span>un <span class=\"__1 _c8\"></span>negocio <span class=\"__1 _c8\"></span>o <span class=\"__1 _4\"></span>u<span class=\"__1 _6\"></span>n <span class=\"__1 _c8\"></span>grupo <span class=\"__1 _4\"></span>de <span class=\"__1 _c8\"> </span>activos, <span class=\"__1 _c8\"> </span>analizando <span class=\"__1 _c8\"></span>si <span class=\"__1 _c8\"></span>el conjunto d<span class=\"__1 _6\"></span>e activos adquiridos cumple con<span class=\"__1 _6\"></span> la definici\u00f3n de <span class=\"__1 _6\"></span>negocio <span class=\"__1 _6\"></span>recogida en N<span class=\"__1 _6\"></span>IIF-<span class=\"ls12\">3.</span> El <span class=\"__1 _8\"></span>Grupo <span class=\"__1 _6\"></span>recon<span class=\"__1 _6\"></span>oce <span class=\"__1 _6\"></span>las <span class=\"__1 _8\"></span>participaciones <span class=\"__1 _8\"></span>no <span class=\"__1 _8\"></span>dominantes <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>una <span class=\"__1 _8\"></span>entidad <span class=\"__1 _8\"></span>adquirida <span class=\"__1 _8\"></span>por <span class=\"__1 _6\"></span>su <span class=\"__1 _8\"></span>participaci\u00f3n <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>los activos netos<span class=\"__1 _6\"></span> identificables de la entidad<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span>3.2<span class=\"ff5\"> <span class=\"__1 _cc\"> </span></span><span class=\"fc3\">Otros activos inta<span class=\"__1 _5\"></span>ngibles </span>Los <span class=\"__1 _c8\"> </span>derechos <span class=\"__1 _c8\"> </span>in<span class=\"__1 _6\"></span>cluidos <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c8\"> </span>este <span class=\"__1 _c8\"> </span>ep\u00edgrafe <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _c8\"></span>Estado <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c8\"></span>Situaci\u00f3n <span class=\"__1 _c8\"> </span>Finan<span class=\"__1 _6\"></span>ciera, <span class=\"__1 _c8\"></span>principalmente <span class=\"__1 _c8\"> </span>ap<span class=\"__1 _6\"></span>licaciones inform\u00e1ticas, <span class=\"__1 _6\"></span>gastos<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e d<span class=\"__1 _6\"></span>esarrollo, y<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>derechos <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>generaci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>energ\u00eda el<span class=\"__1 _8\"></span>\u00e9ctrica, <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>registra<span class=\"__1 _6\"></span>n <span class=\"__1 _6\"></span>inicialmente a <span class=\"__1 _8\"></span>su <span class=\"__1 _8\"></span>coste <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>adquisici\u00f3n <span class=\"__1 _8\"></span>o <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>roducci\u00f3n<span class=\"__1 _6\"></span>. <span class=\"__1 _8\"></span>Tras <span class=\"__1 _8\"></span>su <span class=\"__1 _8\"></span>reconoci<span class=\"__1 _6\"></span>miento <span class=\"__1 _8\"></span>inicial, <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>valoran <span class=\"__1 _8\"></span>al <span class=\"__1 _4\"></span>coste <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>ad<span class=\"__1 _6\"></span>quisici\u00f3n, deducidas la a<span class=\"__1 _6\"></span>mortizaci\u00f3n acumulada y cu<span class=\"__1 _6\"></span>alquier p\u00e9rdida por deterioro d<span class=\"__1 _6\"></span>e valor (v\u00e9ase Nota<span class=\"__1 _6\"></span> 3.5). <span class=\"__1 _6\"></span> Los activos intangibles del Grupo tienen la consideraci\u00f3n de intangibles con vida \u00fatil definida y <span class=\"__1 _5\"></span>se amortizan siguiendo <span class=\"__1 _4\"></span>el <span class=\"__1 _6\"></span>m\u00e9todo <span class=\"__1 _4\"></span>lineal <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>lo <span class=\"__1 _4\"></span>largo <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>su<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>vida <span class=\"__1 _8\"></span>\u00fa<span class=\"__1 _6\"></span>til <span class=\"__1 _8\"></span>estimada, <span class=\"__1 _4\"></span>considerando <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>periodo <span class=\"__1 _4\"></span>durante <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>cual <span class=\"__1 _4\"></span>se prev\u00e9 que generar\u00e1n ingreso<span class=\"__1 _6\"></span>s. Gastos de I+D - Los gasto<span class=\"__1 _6\"></span>s de investigaci\u00f3n s<span class=\"__1 _6\"></span>e reconocen como gasto en el ejercicio en el q<span class=\"__1 _6\"></span>ue incurre en ellos<span class=\"__1 _6\"></span>. <span class=\"__1 _6\"></span> Por <span class=\"__1 _c6\"> </span>su<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>parte,  los <span class=\"__1 _c8\"> </span>gas<span class=\"__1 _6\"></span>tos <span class=\"__1 _ca\"> </span>de <span class=\"__1 _c6\"> </span>desarrollo<span class=\"__1 _6\"></span>,  que <span class=\"__1 _c8\"> </span>in<span class=\"__1 _6\"></span>cluyen <span class=\"__1 _c6\"> </span>el  desarrollo <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>nu<span class=\"__1 _6\"></span>evos <span class=\"__1 _c6\"> </span>p<span class=\"__1 _6\"></span>royectos  de <span class=\"__1 _c8\"> </span>negocio,<span class=\"__1 _8\"></span> <span class=\"__1 _c6\"> </span>se<span class=\"__1 _6\"></span> reconocen como <span class=\"__1 _6\"></span>activo <span class=\"__1 _6\"></span>cuando <span class=\"__1 _6\"></span>su coste <span class=\"__1 _6\"></span>es id<span class=\"__1 _6\"></span>entificable por pro<span class=\"__1 _6\"></span>ye<span class=\"__1 _6\"></span>cto, y <span class=\"__1 _6\"></span>es probab<span class=\"__1 _6\"></span>le que el p<span class=\"__1 _6\"></span>royecto v<span class=\"__1 _6\"></span>aya a tener <span class=\"__1 _8\"></span>\u00e9xito <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>nivel <span class=\"__1 _8\"></span>t\u00e9cnico <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>comercial. <span class=\"__1 _4\"></span>Los <span class=\"__1 _4\"></span>gastos <span class=\"__1 _8\"></span>que <span class=\"__1 _4\"></span>no <span class=\"__1 _8\"></span>re\u00fanen <span class=\"__1 _4\"></span>estos <span class=\"__1 _8\"></span>requ<span class=\"__1 _6\"></span>isitos <span class=\"__1 _8\"></span>se <span class=\"__1 _4\"></span>reconocen <span class=\"__1 _8\"></span>como <span class=\"__1 _4\"></span>un gasto en el ejercicio en q<span class=\"__1 _6\"></span>ue se incurren.<span class=\"__1 _6\"></span> Estos <span class=\"__1 _4\"></span>costes <span class=\"__1 _4\"></span>cap<span class=\"__1 _6\"></span>italizados <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>amortizan <span class=\"__1 _4\"></span>linealm<span class=\"__1 _6\"></span>ente <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>5 <span class=\"__1 _4\"></span>a\u00f1os<span class=\"__1 _6\"></span>, <span class=\"__1 _4\"></span>o <span class=\"__1 _4\"></span>bie<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>plazo <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>prevea <span class=\"__1 _4\"></span>q<span class=\"__1 _6\"></span>ue generar\u00e1n ingresos s<span class=\"__1 _6\"></span>i este plazo es s<span class=\"__1 _6\"></span>uperior, con el l\u00edmite de 10 a\u00f1os<span class=\"__1 _6\"></span>.<span class=\"__1 _6\"></span> Aplicaciones inform\u00e1tic<span class=\"__1 _6\"></span>as<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _6\"></span>Grupo <span class=\"__1 _6\"></span>registra <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>esta <span class=\"__1 _6\"></span>cuen<span class=\"__1 _6\"></span>ta <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>costes <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>adquis<span class=\"__1 _6\"></span>ici\u00f3n de <span class=\"__1 _6\"></span>programas<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>inform\u00e1ticos, <span class=\"__1 _6\"></span>as\u00ed <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>coste <span class=\"__1 _6\"></span>de<span class=\"__1 _6\"></span> licencias con <span class=\"__1 _6\"></span>vigencia <span class=\"__1 _6\"></span>plurianual. <span class=\"__1 _6\"></span>Asimismo, <span class=\"__1 _6\"></span>se reconocen <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>activos <span class=\"__1 _6\"></span>intangibles <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>costes directament<span class=\"__1 _6\"></span>e relacionados <span class=\"__1 _4\"></span>con <span class=\"__1 _c8\"></span>el <span class=\"__1 _4\"></span>desarrollo <span class=\"__1 _4\"></span>interno <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>programas <span class=\"__1 _4\"></span>in<span class=\"__1 _6\"></span>form\u00e1ticos, <span class=\"__1 _4\"></span>siempre <span class=\"__1 _c8\"></span>que <span class=\"__1 _4\"></span>su <span class=\"__1 _4\"></span>coste <span class=\"__1 _4\"></span>sea <span class=\"__1 _4\"></span>clara<span class=\"__1 _6\"></span>mente identificable <span class=\"__1 _70\"></span>por <span class=\"__1 _70\"></span>pro<span class=\"__1 _6\"></span>yecto, <span class=\"__1 _70\"></span>y <span class=\"__1 _70\"></span>sea <span class=\"__1 _70\"></span>pro<span class=\"__1 _6\"></span>bable <span class=\"__1 _70\"></span>que <span class=\"__1 _70\"></span>vayan<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>a <span class=\"__1 _70\"></span>gener<span class=\"__1 _6\"></span>ar<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>beneficios <span class=\"__1 _70\"></span>econ\u00f3m<span class=\"__1 _6\"></span>icos <span class=\"__1 _70\"></span>a <span class=\"__1 _70\"></span>fut<span class=\"__1 _6\"></span>uro <span class=\"__1 _70\"></span>para <span class=\"__1 _70\"></span>el <span class=\"__1 _5\"></span>Grupo. El resto de los costes internos y <span class=\"__1 _5\"></span>externos asociados al mantenimiento y desarrollo de software se imputan a resultados en el ejercicio en q<span class=\"__1 _6\"></span>ue se incu<span class=\"__1 _6\"></span>rren.<span class=\"__1 _1bc\"> </span> La amortizaci\u00f3n <span class=\"__1 _5\"></span>de las <span class=\"__1 _5\"></span>aplicacio<span class=\"__1 _6\"></span>nes inform\u00e1ticas <span class=\"__1 _5\"></span>se realiza aplicando el <span class=\"__1 _5\"></span>m\u00e9todo lineal <span class=\"__1 _5\"></span>duran<span class=\"__1 _6\"></span>te un <span class=\"__1 _5\"></span>per\u00edodo de 5 a\u00f1os, a co<span class=\"__1 _6\"></span>ntar desde la entrada en explotaci\u00f3n<span class=\"__1 _6\"></span> de cada programa.<span class=\"__1 _8\"></span> Derechos de ge<span class=\"__1 _6\"></span>neraci\u00f3n de energ\u00eda el\u00e9ctric<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>- Los d<span class=\"__1 _6\"></span>erechos de <span class=\"__1 _6\"></span>generaci\u00f3n qu<span class=\"__1 _6\"></span>e permiten a <span class=\"__1 _6\"></span>una <span class=\"__1 _6\"></span>instalaci\u00f3n <span class=\"__1 _6\"></span>de generaci\u00f3n <span class=\"__1 _6\"></span>de energ<span class=\"__1 _6\"></span>\u00eda operar <span class=\"__1 _6\"></span>en el <span class=\"__1 _6\"></span>r\u00e9gimen retributivo especial regulado en el <span class=\"__1 _5\"></span>Real Decreto 413/2014, de 6 de <span class=\"__1 _5\"></span>junio, por el <span class=\"__1 _5\"></span>que se regula la <span class=\"__1 _5\"></span>actividad de producci\u00f3n <span class=\"__1 _ca\"> </span>de <span class=\"__1 _c6\"> </span>energ\u00eda <span class=\"__1 _c6\"> </span>el<span class=\"__1 _6\"></span>\u00e9ctrica <span class=\"__1 _c6\"> </span>a  partir <span class=\"__1 _ca\"> </span>de <span class=\"__1 _c6\"> </span>fuentes <span class=\"__1 _ca\"> </span>de <span class=\"__1 _c6\"> </span>energ\u00eda  re<span class=\"__1 _5\"></span>novable,  coge<span class=\"__1 _5\"></span>neraci\u00f3<span class=\"__1 _6\"></span>n <span class=\"__1 _c6\"> </span>y  re<span class=\"__1 _5\"></span>siduos, <span class=\"__1 _ca\"> </span>se registran <span class=\"__1 _6\"></span>por <span class=\"__1 _8\"></span>su <span class=\"__1 _6\"></span>cos<span class=\"__1 _6\"></span>te <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>ad<span class=\"__1 _6\"></span>quis<span class=\"__1 _6\"></span>ici\u00f3n, <span class=\"__1 _6\"></span>o <span class=\"__1 _8\"></span>bien, <span class=\"__1 _6\"></span>por <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>coste <span class=\"__1 _8\"></span>incurrido <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>su <span class=\"__1 _8\"></span>obtenci\u00f3n, <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>se <span class=\"__1 _6\"></span>amortizan <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> a\u00f1os de v<span class=\"__1 _6\"></span>ida \u00fatil regulatoria de las ins<span class=\"__1 _6\"></span>talaciones de generaci<span class=\"__1 _6\"></span>\u00f3n de energ\u00eda renovab<span class=\"__1 _6\"></span>le en la<span class=\"__1 _6\"></span>s qu<span class=\"__1 _6\"></span>e se utilizan.<span class=\"__1 _1bc\"> </span>3.3<span class=\"ff5\"> <span class=\"__1 _cc\"> </span></span><span class=\"fc3\">Propiedad, plan<span class=\"__1 _5\"></span>ta y equipo </span>Estos <span class=\"__1 _8\"></span>activos <span class=\"__1 _6\"></span>se <span class=\"__1 _8\"></span>valoran <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>precio <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>adquisici\u00f3n <span class=\"__1 _8\"></span>o <span class=\"__1 _6\"></span>coste <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>producci\u00f3n, <span class=\"__1 _8\"></span>deducidas <span class=\"__1 _8\"></span>las <span class=\"__1 _6\"></span>amortizaciones <span class=\"__1 _8\"></span>y <span class=\"__1 _6\"></span>los deterioros de valor, si los<span class=\"__1 _5\"></span> hubiera (v\u00e9ase Nota 3.5). <span class=\"__1 _5\"></span>El coste <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e adquisici\u00f3n incluye, en s<span class=\"__1 _5\"></span>u <span class=\"__1 _6\"></span>caso, los siguientes conceptos: \u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4 fc0_1\">Los<span class=\"__1 _6\"></span> intereses devengados<span class=\"__1 _6\"></span> durante el period<span class=\"__1 _6\"></span>o de cons<span class=\"__1 _6\"></span>trucci\u00f3n, s<span class=\"__1 _6\"></span>iempre que este per\u00edod<span class=\"__1 _6\"></span>o sea s<span class=\"__1 _6\"></span>uperior a </span></span>1 <span class=\"__1 _c8\"></span>a\u00f1o, <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c8\"> </span>relativos <span class=\"__1 _c8\"> </span>a <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c8\"> </span>financiaci\u00f3n <span class=\"__1 _c8\"> </span>atribuible <span class=\"__1 _c8\"> </span>al <span class=\"__1 _c6\"> </span>activo <span class=\"__1 _c8\"></span>productivo. <span class=\"__1 _c8\"> </span>La <span class=\"__1 _c8\"> </span>tasa <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>in<span class=\"__1 _6\"></span>ter\u00e9s <span class=\"__1 _4\"></span>u<span class=\"__1 _6\"></span>tilizada <span class=\"__1 _c8\"> </span>es <span class=\"__1 _c8\"> </span>la correspondiente <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>finan<span class=\"__1 _6\"></span>ciaci\u00f3n <span class=\"__1 _4\"></span>espec\u00edfica <span class=\"__1 _8\"></span>o, <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>n<span class=\"__1 _6\"></span>o <span class=\"__1 _4\"></span>existir, <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>tasa <span class=\"__1 _4\"></span>media <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>financiaci\u00f3n <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>Grupo (v\u00e9ase Nota 28). \u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4 fc0_1\">Los<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>trabajos <span class=\"__1 _cb\"> </span>realizados <span class=\"__1 _cb\"> </span>por <span class=\"__1 _cb\"> </span>el <span class=\"__1 _cb\"> </span>Grupo <span class=\"__1 _cb\"> </span>para <span class=\"__1 _cb\"> </span>su <span class=\"__1 _cb\"> </span>propio <span class=\"__1 _cb\"> </span>inmovilizado <span class=\"__1 _cb\"> </span>material <span class=\"__1 _cb\"> </span>se <span class=\"__1 _cb\"> </span>regis<span class=\"__1 _6\"></span>tran <span class=\"__1 _cb\"> </span>al <span class=\"__1 _cb\"> </span>coste </span></span>acumulado <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>resulta <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>a\u00f1adir <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>costes <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>xternos <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>costes <span class=\"__1 _4\"></span>internos, <span class=\"__1 _4\"></span>principalmente <span class=\"__1 _4\"></span>costes <span class=\"__1 _4\"></span>de personal, <span class=\"__1 _cb\"> </span>materiales  de  alm<span class=\"__1 _6\"></span>ac\u00e9n  y <span class=\"__1 _cb\"> </span>otros  cos<span class=\"__1 _6\"></span>tes  operativos<span class=\"__1 _6\"></span>.  Dura<span class=\"__1 _6\"></span>nte  el <span class=\"__1 _cb\"> </span>ejerci<span class=\"__1 _5\"></span>cio  20<span class=\"__1 _6\"></span>23  el <span class=\"__1 _cb\"> </span>importe registrado <span class=\"__1 _8\"></span>por <span class=\"__1 _8\"></span>este <span class=\"__1 _8\"></span>con<span class=\"__1 _6\"></span>cepto <span class=\"__1 _8\"></span>as<span class=\"__1 _6\"></span>ciende <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>1.558 <span class=\"__1 _4\"></span><span class=\"ff6\">miles <span class=\"__1 _8\"></span>\u20ac <span class=\"__1 _8\"></span>(250 <span class=\"__1 _8\"></span>miles <span class=\"__1 _8\"></span>\u20ac <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>2022), <span class=\"__1 _6\"></span>y <span class=\"__1 _4\"></span>se <span class=\"__1 _6\"></span>registr<span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>dentro <span class=\"__1 _8\"></span>del </span>ep\u00edgrafe \u201cTrabajos<span class=\"__1 _6\"></span> realizados po<span class=\"__1 _6\"></span>r el Grupo para s<span class=\"__1 _6\"></span>u inmovilizado\u201d del Es<span class=\"__1 _6\"></span>tado de Resultado consolida<span class=\"__1 _6\"></span>do. <span class=\"__1 _6\"></span><span class=\"ff4\"> </span>\u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4 fc0_1\">En<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>cas<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>qu<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>Grupo <span class=\"__1 _8\"></span>est\u00e9 <span class=\"__1 _8\"></span>obligado <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>desmantelar <span class=\"__1 _8\"></span>sus <span class=\"__1 _8\"></span>instalacion<span class=\"__1 _6\"></span>es <span class=\"__1 _8\"></span>y <span class=\"__1 _6\"></span>rehab<span class=\"__1 _6\"></span>ilitar <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>lu<span class=\"__1 _6\"></span>gar <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>onde <span class=\"__1 _8\"></span>se </span></span>asientan, <span class=\"__1 _c6\"> </span>el <span class=\"__1 _c8\"> </span>valor <span class=\"__1 _c6\"> </span>estimado <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>ichos <span class=\"__1 _c8\"> </span>costes<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>se <span class=\"__1 _c8\"> </span>in<span class=\"__1 _6\"></span>corpora <span class=\"__1 _c8\"> </span>al <span class=\"__1 _c8\"> </span>valo<span class=\"__1 _6\"></span>r <span class=\"__1 _ca\"> </span>en <span class=\"__1 _c8\"></span>libros <span class=\"__1 _c8\"> </span>del <span class=\"__1 _c6\"> </span>activo <span class=\"__1 _c8\"> </span>p<span class=\"__1 _6\"></span>or <span class=\"__1 _c8\"> </span>su <span class=\"__1 _c8\"> </span>v<span class=\"__1 _6\"></span>alor presente, <span class=\"__1 _c6\"> </span>con<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>abono<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>al <span class=\"__1 _c6\"> </span>ep\u00edgrafe <span class=\"__1 _c6\"> </span>\u201cPro<span class=\"__1 _6\"></span>visiones\u201d  del <span class=\"__1 _c8\"> </span>Estado  de <span class=\"__1 _c8\"> </span>Situaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>Financiera <span class=\"__1 _ca\"> </span>consolidad<span class=\"__1 _6\"></span>o. <span class=\"__1 _c6\"> </span>Los cambios <span class=\"__1 _6\"></span>po<span class=\"__1 _6\"></span>steriores <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>evalu<span class=\"__1 _6\"></span>aci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>las <span class=\"__1 _6\"></span>obligaciones <span class=\"__1 _8\"></span>por <span class=\"__1 _6\"></span>desman<span class=\"__1 _6\"></span>telamiento <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>a\u00f1ade<span class=\"__1 _6\"></span>n <span class=\"__1 _6\"></span>o <span class=\"__1 _8\"></span>deducen del valor neto conta<span class=\"__1 _6\"></span>ble del activ<span class=\"__1 _6\"></span>o correspondiente en <span class=\"__1 _6\"></span>el periodo en el qu<span class=\"__1 _6\"></span>e se producen. <span class=\"__1 _6\"></span> A este respecto, \u00fanicamente se e<span class=\"__1 _5\"></span>stima que se incurrir\u00e1 en este tipo de costes en <span class=\"__1 _5\"></span>relaci\u00f3n a la biof\u00e1brica de <span class=\"__1 _cb\"> </span>Pontevedra <span class=\"__1 _cb\"> </span>asentada <span class=\"__1 _cb\"> </span>en <span class=\"__1 _cb\"> </span>terrenos <span class=\"__1 _cb\"> </span>de  d<span class=\"__1 _6\"></span>ominio <span class=\"__1 _cb\"> </span>p\u00fablico  d<span class=\"__1 _6\"></span>isponibles <span class=\"__1 _cb\"> </span>a <span class=\"__1 _cb\"> </span>trav\u00e9s <span class=\"__1 _cb\"> </span>de  una <span class=\"__1 _cb\"> </span>conce<span class=\"__1 _8\"></span>si\u00f3n administrativa<span class=\"__1 _6\"></span>,  y<span class=\"__1 _6\"></span>a  qu<span class=\"__1 _6\"></span>e  s<span class=\"__1 _6\"></span>eg\u00fan  los<span class=\"__1 _6\"></span>  t\u00e9rminos <span class=\"__1 _cb\"> </span>de  oto<span class=\"__1 _6\"></span>rgamiento <span class=\"__1 _cb\"> </span>de  la <span class=\"__1 _cb\"> </span>concesi\u00f3n <span class=\"__1 _cb\"> </span>administrativa,<span class=\"__1 _6\"></span>  a <span class=\"__1 _cb\"> </span>su vencimiento, las ins<span class=\"__1 _6\"></span>talaciones cons<span class=\"__1 _6\"></span>truidas sobre el terreno revertir\u00e1n al <span class=\"__1 _6\"></span>Estado o bien \u00e9ste requerir\u00e1 su desmantelamiento<span class=\"__1 _6\"></span>. \u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4 fc0_1\">Con a<span class=\"__1 _6\"></span>nterioridad a la fecha d<span class=\"__1 _6\"></span>e t<span class=\"__1 _6\"></span>ransici\u00f3n a la n<span class=\"__1 _6\"></span>ormativa contable internacio<span class=\"__1 _6\"></span>nal (1 de enero d<span class=\"__1 _6\"></span>e 2004), el </span></span>Grupo <span class=\"__1 _8\"></span>ENCE <span class=\"__1 _8\"></span>actualiz\u00f3 <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>valor <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>us <span class=\"__1 _6\"></span>terreno<span class=\"__1 _6\"></span>s <span class=\"__1 _8\"></span>registrados <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>ep\u00edgrafe <span class=\"__1 _6\"></span>\u201cPropiedad<span class=\"__1 _6\"></span>, <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>lanta <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>equipo\u201d del Estado de <span class=\"__1 _70\"></span>Situaci\u00f3n<span class=\"__1 _6\"></span> Financiera <span class=\"__1 _70\"></span>con<span class=\"__1 _6\"></span>solidado a su <span class=\"__1 _70\"></span>valor de me<span class=\"__1 _5\"></span>rcado en ese <span class=\"__1 _70\"></span>mo<span class=\"__1 _6\"></span>men<span class=\"__1 _6\"></span>to (v\u00e9ase Nota <span class=\"__1 _5\"></span>16),<span class=\"__1 _1bc\"> </span>habi\u00e9ndose  considerado <span class=\"__1 _c6\"> </span>el <span class=\"__1 _c6\"> </span>importe <span class=\"__1 _c6\"> </span>de <span class=\"__1 _ca\"> </span>dicha <span class=\"__1 _c6\"> </span>actu<span class=\"__1 _6\"></span>alizaci\u00f3n <span class=\"__1 _c6\"> </span>como  parte <span class=\"__1 _c6\"> </span>del <span class=\"__1 _c6\"> </span>coste <span class=\"__1 _ca\"> </span>de <span class=\"__1 _c6\"> </span>los <span class=\"__1 _c6\"> </span>activ<span class=\"__1 _6\"></span>os <span class=\"__1 _c6\"> </span>de<span class=\"__1 _1bc\"> </span>acuerdo con lo esta<span class=\"__1 _6\"></span>blecido por la NIIF <span class=\"__1 _6\"></span>1.<span class=\"__1 _1bc\"> </span>Los <span class=\"__1 _c6\"> </span>cos<span class=\"__1 _6\"></span>tes <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>ampliaci\u00f3n<span class=\"__1 _6\"></span>, <span class=\"__1 _c6\"> </span>modernizaci\u00f3n  o <span class=\"__1 _c8\"> </span>mejoras <span class=\"__1 _c6\"> </span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _c6\"> </span>representan <span class=\"__1 _c6\"> </span>u<span class=\"__1 _6\"></span>n <span class=\"__1 _c6\"> </span>aumento <span class=\"__1 _ca\"> </span>de <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c6\"> </span>p<span class=\"__1 _6\"></span>roductividad,<span class=\"__1 _1bc\"> </span>capacidad, <span class=\"__1 _6\"></span>eficiencia o <span class=\"__1 _6\"></span>un <span class=\"__1 _6\"></span>alargamiento <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>la v<span class=\"__1 _6\"></span>ida \u00fatil <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>bienes s<span class=\"__1 _6\"></span>e capitalizan <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>m<span class=\"__1 _6\"></span>ayor <span class=\"__1 _6\"></span>coste de <span class=\"__1 _6\"></span>los<span class=\"__1 _1bc\"> </span>correspondientes activos<span class=\"__1 _6\"></span>. ENCE <span class=\"__1 _5\"></span>sigue el criterio <span class=\"__1 _5\"></span>de traspasar la obra en cur<span class=\"__1 _5\"></span>so al inmovilizado en explotaci\u00f3n<span class=\"__1 _1bc\"> </span>una vez finalizad<span class=\"__1 _6\"></span>o el correspondiente<span class=\"__1 _6\"></span> periodo d<span class=\"__1 _6\"></span>e prueba.<span class=\"__1 _1bc\"> </span>Por su parte, los gastos de <span class=\"__1 _5\"></span>conservaci\u00f3n y mantenimiento incurridos durante el ejercicio <span class=\"__1 _5\"></span>se cargan al Estado<span class=\"__1 _1bc\"> </span>de Resultado cons<span class=\"__1 _6\"></span>olidado. Las s<span class=\"__1 _6\"></span>ustituciones <span class=\"__1 _6\"></span>de elemento<span class=\"__1 _6\"></span>s d<span class=\"__1 _6\"></span>el inmovilizado <span class=\"__1 _6\"></span>material s<span class=\"__1 _6\"></span>usceptib<span class=\"__1 _6\"></span>les de <span class=\"__1 _6\"></span>capitalizaci\u00f3n <span class=\"__1 _6\"></span>suponen <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>b<span class=\"__1 _8\"></span>aja del<span class=\"__1 _1bc\"> </span>valor  contable  de  los  elementos<span class=\"__1 _6\"></span>  sustituidos.  En  aquellos  casos  en  los  que  el  coste  de  los  elementos<span class=\"__1 _1bc\"> </span>sustituid<span class=\"__1 _6\"></span>os <span class=\"__1 _4\"></span>no <span class=\"__1 _c8\"></span>haya <span class=\"__1 _4\"></span>sido <span class=\"__1 _4\"></span>amort<span class=\"__1 _6\"></span>izado <span class=\"__1 _4\"></span>de <span class=\"__1 _c8\"></span>forma <span class=\"__1 _4\"></span>independie<span class=\"__1 _6\"></span>nte <span class=\"__1 _4\"></span>y <span class=\"__1 _c8\"></span>no <span class=\"__1 _4\"></span>fuese <span class=\"__1 _c8\"></span>practicable <span class=\"__1 _4\"></span>determin<span class=\"__1 _6\"></span>ar <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>v<span class=\"__1 _6\"></span>alor<span class=\"__1 _1bc\"> </span>contable de los mismos, s<span class=\"__1 _6\"></span>e utiliza el coste de la sustituci\u00f3n como indicativ<span class=\"__1 _6\"></span>o del coste de los elementos en el<span class=\"__1 _1bc\"> </span>momento <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>su <span class=\"__1 _4\"></span>adquisici\u00f3n <span class=\"__1 _4\"></span>o <span class=\"__1 _4\"></span>construcci\u00f3n. <span class=\"__1 _4\"></span>Po<span class=\"__1 _6\"></span>r <span class=\"__1 _4\"></span>su <span class=\"__1 _4\"></span>parte, <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>beneficio <span class=\"__1 _4\"></span>o <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>p\u00e9rdida <span class=\"__1 _4\"></span>qu<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>produce <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>la<span class=\"__1 _1bc\"> </span>enajenaci\u00f3n <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>los <span class=\"__1 _5\"></span>elementos sustituidos <span class=\"__1 _70\"></span>se <span class=\"__1 _5\"></span>determina <span class=\"__1 _70\"></span>por dife<span class=\"__1 _5\"></span>rencia <span class=\"__1 _5\"></span>entre <span class=\"__1 _70\"></span>el <span class=\"__1 _5\"></span>importe <span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>rc<span class=\"__1 _6\"></span>ibido <span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>or <span class=\"__1 _70\"></span>la <span class=\"__1 _5\"></span>venta<span class=\"__1 _1bc\"> </span>y el valor en libros<span class=\"__1 _6\"></span> del activo enajenado.<span class=\"__1 _1bc\"> </span>Amortizaciones y de<span class=\"__1 _6\"></span>terioros<span class=\"__1 _1bc\"> </span>Durante <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>ejercicio <span class=\"__1 _4\"></span>2023 <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>2022 <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>Grupo <span class=\"__1 _4\"></span>amortiza <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>u <span class=\"__1 _4\"></span>inmovilizado <span class=\"__1 _4\"></span>material <span class=\"__1 _4\"></span>siguiendo <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>m\u00e9todo <span class=\"__1 _4\"></span>lineal,<span class=\"__1 _1bc\"> </span>distribuyend<span class=\"__1 _6\"></span>o <span class=\"__1 _5\"></span>el <span class=\"__1 _70\"></span>cos<span class=\"__1 _6\"></span>te <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>activos entre <span class=\"__1 _70\"></span>los a\u00f1os <span class=\"__1 _70\"></span>de vida <span class=\"__1 _5\"></span>\u00fatil <span class=\"__1 _70\"></span>estimada,<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>acu<span class=\"__1 _6\"></span>erdo <span class=\"__1 _5\"></span>con <span class=\"__1 _5\"></span>el <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>iguiente <span class=\"__1 _5\"></span>detalle:<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _6\"></span>Grupo <span class=\"__1 _8\"></span>revisa <span class=\"__1 _6\"></span>peri\u00f3d<span class=\"__1 _6\"></span>icamente <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>alor <span class=\"__1 _6\"></span>residual,<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>ida <span class=\"__1 _6\"></span>\u00fatil <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>m\u00e9todo <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>amortizaci\u00f3n <span class=\"__1 _8\"></span>del <span class=\"__1 _6\"></span>inmovilizado<span class=\"__1 _1bc\"> </span>material. <span class=\"__1 _4\"></span>Las <span class=\"__1 _4\"></span>modificaciones <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>criterios <span class=\"__1 _4\"></span>inicialmente <span class=\"__1 _4\"></span>establecidos<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>reconocen <span class=\"__1 _4\"></span>como <span class=\"__1 _4\"></span>un <span class=\"__1 _c8\"></span>cambio <span class=\"__1 _4\"></span>de<span class=\"__1 _1bc\"> </span>estimaci\u00f3n.<span class=\"__1 _1bc\"> </span>Los <span class=\"__1 _cb\"> </span>terrenos  se <span class=\"__1 _cb\"> </span>registran <span class=\"__1 _cb\"> </span>de  forma <span class=\"__1 _cb\"> </span>independiente  de <span class=\"__1 _cb\"> </span>los <span class=\"__1 _cb\"> </span>edificios  o <span class=\"__1 _cb\"> </span>instalaciones <span class=\"__1 _cb\"> </span>que  puedan<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>estar<span class=\"__1 _1bc\"> </span>asentadas sob<span class=\"__1 _6\"></span>re los mismos y se entiende que tienen una vida <span class=\"__1 _6\"></span>\u00fatil indefinida y, por tanto, no son objeto de<span class=\"__1 _1bc\"> </span>amortizaci\u00f3n.<span class=\"__1 _1bc\"> </span>Con <span class=\"__1 _c9\"> </span>car\u00e1cter <span class=\"__1 _cd\"> </span>general, <span class=\"__1 _cd\"> </span>las <span class=\"__1 _c9\"> </span>inv<span class=\"__1 _6\"></span>ersiones <span class=\"__1 _c9\"> </span>en <span class=\"__1 _cd\"> </span>edificaciones <span class=\"__1 _cd\"> </span>construidas <span class=\"__1 _cd\"> </span>en <span class=\"__1 _c9\"> </span>terrenos <span class=\"__1 _cd\"> </span>cedidos<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>en <span class=\"__1 _cd\"> </span>r\u00e9gimen<span class=\"__1 _1bc\"> </span>concesional <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>registran <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>cuenta <span class=\"__1 _6\"></span>\u201cCons<span class=\"__1 _6\"></span>trucciones\u201d. <span class=\"__1 _6\"></span>Dicho <span class=\"__1 _6\"></span>coste, <span class=\"__1 _6\"></span>ju<span class=\"__1 _6\"></span>nto con<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>el d<span class=\"__1 _6\"></span>el resto <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>instalacion<span class=\"__1 _6\"></span>es<span class=\"__1 _1bc\"> </span>fijas <span class=\"__1 _8\"></span>ubicadas <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>los <span class=\"__1 _6\"></span>terrenos <span class=\"__1 _8\"></span>concesionados<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>amortiza<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>fu<span class=\"__1 _6\"></span>nci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>su<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>vida <span class=\"__1 _8\"></span>\u00fatil, <span class=\"__1 _8\"></span>estableci\u00e9ndose <span class=\"__1 _6\"></span>como<span class=\"__1 _1bc\"> </span>l\u00edmite el periodo restante d<span class=\"__1 _6\"></span>e vigencia de la concesi\u00f3n. Po<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>nta<span class=\"__1 _6\"></span>j<span class=\"__1 _8\"></span>e<span class=\"__1 _80\"> </span>A<span class=\"__1 _5\"></span>\u00f1os<span class=\"__1 _8\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> Vi<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>a<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _70\"></span>mor<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>za<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _d2\"> </span>\u00dat<span class=\"__1 _70\"></span>i<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span> Es<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>m<span class=\"__1 _5\"></span>a<span class=\"__1 _8\"></span>da<span class=\"__1 _1bc\"> </span>Cons<span class=\"__1 _8\"></span>tru<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _d3\"> </span>2<span class=\"__1 _6\"></span>%-3%<span class=\"__1 _a0\"> </span>3<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>-5<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span>I<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _4\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> t\u00e9<span class=\"__1 _70\"></span>c<span class=\"__1 _8\"></span>ni<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _1bc\"> </span>Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>nta<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>ge<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>e<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3<span class=\"__1 _6\"></span>n c<span class=\"__1 _6\"></span>on<span class=\"__1 _6\"></span> bi<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>ma<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>a<span class=\"__1 _79\"> </span><span class=\"ls1a\">4%<span class=\"__1 _d4\"> </span>25<span class=\"__1 _1bc\"> </span></span>Otr<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> i<span class=\"__1 _8\"></span>n<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>ta<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>ci<span class=\"__1 _4\"></span>one<span class=\"__1 _70\"></span>s<span class=\"__1 _d5\"> </span>5<span class=\"__1 _6\"></span>%-8,3%<span class=\"__1 _74\"> </span> <span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>2-2<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span>Ma<span class=\"__1 _6\"></span>qu<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>na<span class=\"__1 _8\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _27\"> </span>5%-12<span class=\"__1 _6\"></span>,5<span class=\"__1 _6\"></span>%<span class=\"__1 _95\"> </span>8<span class=\"__1 _6\"></span>-2<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span>Ut<span class=\"__1 _70\"></span>i<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>j<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span> y mobi<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _d6\"> </span>8<span class=\"__1 _6\"></span>,3%-12<span class=\"__1 _6\"></span>,5%<span class=\"__1 _d7\"> </span>8<span class=\"__1 _6\"></span>-12<span class=\"__1 _1bc\"> </span>Equi<span class=\"__1 _8\"></span>pos<span class=\"__1 _8\"></span> p<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>oc<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>nfor<span class=\"__1 _6\"></span>ma<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3<span class=\"__1 _6\"></span>n<span class=\"__1 _d8\"> </span><span class=\"ls1a\">20%<span class=\"__1 _d4\"> </span></span>5<span class=\"__1 _1bc\"> </span>El<span class=\"__1 _6\"></span>em<span class=\"__1 _70\"></span>ent<span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> tra<span class=\"__1 _8\"></span>ns<span class=\"__1 _8\"></span>por<span class=\"__1 _6\"></span>te<span class=\"__1 _d9\"> </span><span class=\"ls1a\">10%<span class=\"__1 _da\"> </span>10<span class=\"__1 _1bc\"> </span></span>Otr<span class=\"__1 _6\"></span>o i<span class=\"__1 _8\"></span>nmovi<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>za<span class=\"__1 _8\"></span>do ma<span class=\"__1 _6\"></span>te<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>l<span class=\"__1 _db\"> </span><span class=\"ls1a\">10%<span class=\"__1 _da\"> </span>10<span class=\"__1 _1bc\"> </span></span>A\u00f1o 2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>En <span class=\"__1 _6\"></span><span class=\"ls0_1\">ENCE <span class=\"__1 _8\"></span>Renovables, <span class=\"__1 _8\"></span>la regulaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>establece <span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>na <span class=\"__1 _6\"></span>vid<span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>regulatoria <span class=\"__1 _8\"></span>para <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>activos <span class=\"__1 _6\"></span>operativos <span class=\"__1 _8\"></span>que <span class=\"__1 _6\"></span>depende<span class=\"__1 _1bc\"> </span></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>tecnolog\u00eda, <span class=\"__1 _8\"></span>siendo <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>actualmente <span class=\"__1 _8\"></span>establecida <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>25 <span class=\"__1 _4\"></span>a\u00f1os <span class=\"__1 _8\"></span>para <span class=\"__1 _4\"></span>las <span class=\"__1 _8\"></span>instalaciones <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>biomasa. <span class=\"__1 _4\"></span>La <span class=\"__1 _8\"></span>vida<span class=\"__1 _1bc\"> </span>regulatoria <span class=\"__1 _5\"></span>es <span class=\"__1 _5\"></span>el <span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>eriodo <span class=\"__1 _5\"></span>duran<span class=\"__1 _6\"></span>te <span class=\"__1 _70\"></span>la cual <span class=\"__1 _70\"></span>la instalaci\u00f3n va <span class=\"__1 _70\"></span>a t<span class=\"__1 _5\"></span>ener derecho <span class=\"__1 _70\"></span>a pertenecer <span class=\"__1 _70\"></span>al r\u00e9gimen retributivo<span class=\"__1 _1bc\"> </span>establecido <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c6\"> </span>normativa <span class=\"__1 _c8\"> </span>energ\u00e9tica <span class=\"__1 _c6\"> </span>y, <span class=\"__1 _c8\"> </span>por <span class=\"__1 _c8\"> </span>tanto<span class=\"__1 _6\"></span>, <span class=\"__1 _c8\"></span>a <span class=\"__1 _c8\"></span>obtener <span class=\"__1 _c8\"></span>los <span class=\"__1 _c8\"> </span>beneficios <span class=\"__1 _c8\"> </span>econ\u00f3micos<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>que <span class=\"__1 _c8\"> </span>apliqu<span class=\"__1 _6\"></span>en<span class=\"__1 _1bc\"> </span>(retribuciones <span class=\"__1 _6\"></span>a la <span class=\"__1 _6\"></span>inversi\u00f3n <span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>a la <span class=\"__1 _6\"></span>operaci\u00f3n <span class=\"__1 _6\"></span>mediante <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>mecanismo <span class=\"__1 _6\"></span>de retrib<span class=\"__1 _6\"></span>uci\u00f3n m\u00edni<span class=\"__1 _6\"></span>ma estab<span class=\"__1 _6\"></span>lecida en<span class=\"__1 _1bc\"> </span>el <span class=\"__1 _8\"></span>mismo). <span class=\"__1 _8\"></span>En <span class=\"__1 _8\"></span>este <span class=\"__1 _8\"></span>sentido,<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>activos <span class=\"__1 _8\"></span>vinculados <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>estas <span class=\"__1 _8\"></span>insta<span class=\"__1 _6\"></span>laciones <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>amortizan <span class=\"__1 _8\"></span>consid<span class=\"__1 _6\"></span>erando <span class=\"__1 _8\"></span>su <span class=\"__1 _8\"></span>vida<span class=\"__1 _1bc\"> </span>\u00fatil con el l\u00edmite de la vida \u00fatil regulatoria, salvo que se espere obtener flujos econ\u00f3<span class=\"__1 _6\"></span>micos positiv<span class=\"__1 _6\"></span>os m\u00e1s all\u00e1<span class=\"__1 _1bc\"> </span>de su vida <span class=\"__1 _6\"></span>regulatoria.<span class=\"__1 _1bc\"> </span>Las s<span class=\"__1 _6\"></span>ociedades del <span class=\"__1 _6\"></span>Grupo <span class=\"__1 _6\"></span>eval\u00faan peri\u00f3dicamente, <span class=\"__1 _6\"></span>y al <span class=\"__1 _6\"></span>menos <span class=\"__1 _6\"></span>al cierre <span class=\"__1 _6\"></span>de cada <span class=\"__1 _6\"></span>ejercicio, si <span class=\"__1 _6\"></span>existen <span class=\"__1 _6\"></span>indicios<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _6\"></span>deterioro <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>alg\u00fan <span class=\"__1 _6\"></span>activo <span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>conju<span class=\"__1 _6\"></span>nto <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>activos <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>inmovilizado <span class=\"__1 _6\"></span>con <span class=\"__1 _6\"></span>ob<span class=\"__1 _6\"></span>jeto <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>proceder <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>su <span class=\"__1 _6\"></span>caso, <span class=\"__1 _6\"></span>tal<span class=\"__1 _1bc\"> </span>como <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>ind<span class=\"__1 _6\"></span>ica <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>apartado <span class=\"__1 _8\"></span>3.5 <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>presente <span class=\"__1 _8\"></span>nota<span class=\"__1 _6\"></span>, <span class=\"__1 _8\"></span>al <span class=\"__1 _6\"></span>deterioro <span class=\"__1 _8\"></span>o <span class=\"__1 _8\"></span>reversi\u00f3n <span class=\"__1 _8\"></span>del <span class=\"__1 _6\"></span>mis<span class=\"__1 _6\"></span>mo <span class=\"__1 _6\"></span>para <span class=\"__1 _8\"></span>aju<span class=\"__1 _6\"></span>star <span class=\"__1 _6\"></span>su<span class=\"__1 _1bc\"> </span>valor <span class=\"__1 _c8\"></span>neto <span class=\"__1 _c8\"></span>contable <span class=\"__1 _c8\"></span>a <span class=\"__1 _c8\"></span>su <span class=\"__1 _c8\"></span>valor <span class=\"__1 _4\"></span>recuperable, <span class=\"__1 _c8\"> </span>sin <span class=\"__1 _c8\"> </span>sup<span class=\"__1 _6\"></span>erar <span class=\"__1 _4\"></span>e<span class=\"__1 _6\"></span>n <span class=\"__1 _c8\"></span>ning\u00fan <span class=\"__1 _c8\"> </span>caso <span class=\"__1 _c8\"> </span>las <span class=\"__1 _c8\"> </span>reversiones <span class=\"__1 _c8\"></span>a <span class=\"__1 _c8\"></span>los <span class=\"__1 _c8\"></span>deterioros<span class=\"__1 _1bc\"> </span>previos <span class=\"__1 _c6\"> </span>realizados<span class=\"__1 _6\"></span>. <span class=\"__1 _c6\"> </span>Los <span class=\"__1 _c6\"> </span>deterioros <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"> </span>v<span class=\"__1 _6\"></span>alor <span class=\"__1 _c6\"> </span>se <span class=\"__1 _c6\"> </span>reconocen,<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>con <span class=\"__1 _c6\"> </span>cargo <span class=\"__1 _c6\"> </span>al <span class=\"__1 _c6\"> </span>ep\u00edgra<span class=\"__1 _6\"></span>fe <span class=\"__1 _c8\"> </span>\u201c<span class=\"__1 _6\"></span>Deterioros <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"> </span>v<span class=\"__1 _6\"></span>alo<span class=\"__1 _8\"></span><span class=\"ff4\">r <span class=\"__1 _c8\"> </span>y<span class=\"__1 _1bc\"> </span></span>resultados p<span class=\"__1 _6\"></span>or enajenaci\u00f3n de inmovilizado\u201d<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span>3.4<span class=\"ff5\"> <span class=\"__1 _cc\"> </span></span><span class=\"fc3\">Activos biol\u00f3<span class=\"__1 _5\"></span>gicos<span class=\"__1 _1bc\"> </span></span>El <span class=\"__1 _8\"></span>Grupo <span class=\"__1 _8\"></span>cultiva <span class=\"__1 _4\"></span>diversas <span class=\"__1 _8\"></span>especies <span class=\"__1 _8\"></span>forestales, <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>rincipalmente <span class=\"__1 _8\"></span>eucaliptos<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>especies <span class=\"__1 _4\"></span>Globulus <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>Nitens,<span class=\"__1 _1bc\"> </span>utilizadas como <span class=\"__1 _70\"></span>materia prima <span class=\"__1 _70\"></span>en los <span class=\"__1 _70\"></span>pro<span class=\"__1 _6\"></span>cesos productivos <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>ENCE, o <span class=\"__1 _70\"></span>bien, para su <span class=\"__1 _70\"></span>venta a <span class=\"__1 _70\"></span>terceros. En <span class=\"__1 _70\"></span>este<span class=\"__1 _1bc\"> </span>sentido, <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>consideran <span class=\"__1 _6\"></span>act<span class=\"__1 _6\"></span>ivos <span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>iol\u00f3gicos <span class=\"__1 _8\"></span>los <span class=\"__1 _6\"></span>vu<span class=\"__1 _6\"></span>elos <span class=\"__1 _6\"></span>forestales. <span class=\"__1 _8\"></span>Los <span class=\"__1 _8\"></span>suelos <span class=\"__1 _8\"></span>forestales <span class=\"__1 _8\"></span>se <span class=\"__1 _6\"></span>valoran <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>acuerdo<span class=\"__1 _1bc\"> </span>con <span class=\"__1 _70\"></span>la NIC <span class=\"__1 _70\"></span>16 <span class=\"__1 _70\"></span>\u201cProp<span class=\"__1 _6\"></span>iedad, <span class=\"__1 _70\"></span>plan<span class=\"__1 _6\"></span>ta <span class=\"__1 _70\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>equipo\u201d y <span class=\"__1 _70\"></span>se <span class=\"__1 _70\"></span>registran e<span class=\"__1 _5\"></span>n <span class=\"__1 _5\"></span>dicho <span class=\"__1 _70\"></span>ep\u00edgraf<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>del <span class=\"__1 _5\"></span>Estado <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>Si<span class=\"__1 _6\"></span>tuaci\u00f3n <span class=\"__1 _5\"></span>Financiera<span class=\"__1 _1bc\"> </span>consolidado<span class=\"__1 _6\"></span> (v\u00e9ase Nota 3.3).<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _4\"></span>Grupo <span class=\"__1 _4\"></span>valora <span class=\"__1 _4\"></span>sus <span class=\"__1 _4\"></span>activos <span class=\"__1 _4\"></span>biol\u00f3gicos <span class=\"__1 _8\"></span>a <span class=\"__1 _4\"></span>su<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>coste <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>ad<span class=\"__1 _6\"></span>quisici\u00f3n <span class=\"__1 _4\"></span>o <span class=\"__1 _4\"></span>producci\u00f3n, <span class=\"__1 _4\"></span>deducidos <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>agotamiento<span class=\"__1 _1bc\"> </span>forestal as\u00ed como, en s<span class=\"__1 _6\"></span>u caso, las p\u00e9rd<span class=\"__1 _6\"></span>idas por deterioro de valo<span class=\"__1 _6\"></span>r. La <span class=\"__1 _8\"></span>inversi\u00f3n <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>pat<span class=\"__1 _6\"></span>rimonio <span class=\"__1 _8\"></span>forestal <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>valora <span class=\"__1 _8\"></span>imputa<span class=\"__1 _6\"></span>ndo <span class=\"__1 _8\"></span>t<span class=\"__1 _8\"></span>odos <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>cos<span class=\"__1 _6\"></span>tes <span class=\"__1 _8\"></span>directamente <span class=\"__1 _8\"></span>incurrido<span class=\"__1 _6\"></span>s <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>la<span class=\"__1 _1bc\"> </span>adquisici\u00f3n y <span class=\"__1 _5\"></span>desarrollo de <span class=\"__1 _70\"></span>\u00e9ste; alquileres, <span class=\"__1 _5\"></span>limpieza y <span class=\"__1 _70\"></span>preparaci\u00f3<span class=\"__1 _6\"></span>n de <span class=\"__1 _70\"></span>terrenos<span class=\"__1 _6\"></span>, plantaciones, <span class=\"__1 _5\"></span>fertilizaciones,<span class=\"__1 _1bc\"> </span>cuidado <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>con<span class=\"__1 _6\"></span>servaci\u00f3n, <span class=\"__1 _4\"></span>etc. <span class=\"__1 _4\"></span>Asimismo, <span class=\"__1 _4\"></span>al <span class=\"__1 _4\"></span>tratars<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>activos <span class=\"__1 _4\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _4\"></span>necesitan <span class=\"__1 _4\"></span>m\u00e1s <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>1 <span class=\"__1 _4\"></span>a\u00f1<span class=\"__1 _6\"></span>o <span class=\"__1 _4\"></span>para <span class=\"__1 _4\"></span>est<span class=\"__1 _8\"></span>ar <span class=\"__1 _4\"></span>en<span class=\"__1 _1bc\"> </span>condiciones <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>uso, <span class=\"__1 _8\"></span>se <span class=\"__1 _6\"></span>incorporan <span class=\"__1 _8\"></span>como <span class=\"__1 _6\"></span>mayor <span class=\"__1 _8\"></span>valor <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>activ<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>gastos <span class=\"__1 _8\"></span>financieros <span class=\"__1 _6\"></span>devengado<span class=\"__1 _6\"></span>s <span class=\"__1 _6\"></span>has<span class=\"__1 _6\"></span>ta <span class=\"__1 _6\"></span>el<span class=\"__1 _1bc\"> </span>momento <span class=\"__1 _cb\"> </span>de  la  corta, <span class=\"__1 _cb\"> </span>por  la <span class=\"__1 _cb\"> </span>parte  de <span class=\"__1 _cb\"> </span>la  inversi\u00f3n <span class=\"__1 _cb\"> </span>que  s<span class=\"__1 _6\"></span>e  cons<span class=\"__1 _6\"></span>idera  financiad<span class=\"__1 _6\"></span>a  co<span class=\"__1 _6\"></span>n <span class=\"__1 _cb\"> </span>recursos  ajenos<span class=\"__1 _1bc\"> </span>(actualmente <span class=\"__1 _8\"></span>poco <span class=\"__1 _8\"></span>represent<span class=\"__1 _6\"></span>ativa). <span class=\"__1 _8\"></span>La <span class=\"__1 _8\"></span>tasa <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>nter\u00e9s <span class=\"__1 _8\"></span>utilizada <span class=\"__1 _8\"></span>es <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>tasa <span class=\"__1 _8\"></span>media <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>financiaci\u00f3n <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>Grupo<span class=\"__1 _1bc\"> </span>(v\u00e9ase Nota 28). El <span class=\"__1 _4\"></span>tiem<span class=\"__1 _5\"></span>po <span class=\"__1 _4\"></span>que <span class=\"__1 _8\"></span>trans<span class=\"__1 _6\"></span>curre <span class=\"__1 _4\"></span>desde <span class=\"__1 _8\"></span>que <span class=\"__1 _4\"></span>se <span class=\"__1 _8\"></span>lleva <span class=\"__1 _4\"></span>a <span class=\"__1 _8\"></span>cabo <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>plantaci\u00f3n <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>un <span class=\"__1 _8\"></span>eucaliptal <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>pen\u00ednsula <span class=\"__1 _4\"></span>ib\u00e9rica<span class=\"__1 _1bc\"> </span>hasta <span class=\"__1 _70\"></span>qu<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>econ\u00f3micamente <span class=\"__1 _70\"></span>es<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>recomendable <span class=\"__1 _70\"></span>su<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>destoconado<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>y <span class=\"__1 _70\"></span>posterior <span class=\"__1 _70\"></span>repl<span class=\"__1 _6\"></span>an<span class=\"__1 _6\"></span>taci\u00f3n <span class=\"__1 _70\"></span>es <span class=\"__1 _70\"></span>v<span class=\"__1 _6\"></span>ariable <span class=\"__1 _70\"></span>en <span class=\"__1 _5\"></span>funci\u00f3n<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>especie. <span class=\"__1 _6\"></span>As\u00ed, <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>esp<span class=\"__1 _6\"></span>ecie <span class=\"__1 _6\"></span>Globulus, <span class=\"__1 _6\"></span>este <span class=\"__1 _6\"></span>per<span class=\"__1 _6\"></span>\u00edodo <span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>aproximadam<span class=\"__1 _6\"></span>ente 3<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>-4<span class=\"__1 _6\"></span>0 <span class=\"__1 _6\"></span>a\u00f1os <span class=\"__1 _6\"></span>ya <span class=\"__1 _6\"></span>qu<span class=\"__1 _6\"></span>e el <span class=\"__1 _6\"></span>\u00e1rbol<span class=\"__1 _1bc\"> </span>rebrota <span class=\"__1 _4\"></span>tras <span class=\"__1 _4\"></span>su <span class=\"__1 _4\"></span>corta <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>forma <span class=\"__1 _4\"></span>eficiente <span class=\"__1 _4\"></span>al <span class=\"__1 _4\"></span>menos <span class=\"__1 _4\"></span>2 <span class=\"__1 _4\"></span>v<span class=\"__1 _6\"></span>eces <span class=\"__1 _4\"></span>tras <span class=\"__1 _4\"></span>su <span class=\"__1 _4\"></span>aprovechamiento. <span class=\"__1 _4\"></span>En <span class=\"__1 _c8\"></span>este <span class=\"__1 _4\"></span>sentido, <span class=\"__1 _4\"></span>los<span class=\"__1 _1bc\"> </span>costes <span class=\"__1 _4\"></span>incurridos <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>desarrollo <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>activos <span class=\"__1 _4\"></span>biol\u00f3gicos <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>agrupan <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>dos <span class=\"__1 _8\"></span>cat<span class=\"__1 _6\"></span>egor\u00edas; <span class=\"__1 _4\"></span>costes <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>cic<span class=\"__1 _5\"></span>lo,<span class=\"__1 _1bc\"> </span>categor\u00eda  que  incluy<span class=\"__1 _6\"></span>e  los  co<span class=\"__1 _6\"></span>stes  incurrido<span class=\"__1 _6\"></span>s,  principalmente  asociado<span class=\"__1 _6\"></span>s  al  proces<span class=\"__1 _6\"></span>o  de  plantaci\u00f3n  y<span class=\"__1 _6\"></span>  que<span class=\"__1 _1bc\"> </span>contribuir\u00e1n al <span class=\"__1 _70\"></span>desarro<span class=\"__1 _6\"></span>llo <span class=\"__1 _5\"></span>del activo <span class=\"__1 _70\"></span>biol\u00f3gico durante <span class=\"__1 _70\"></span>el ciclo completo <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _5\"></span>35-40 a\u00f1os, <span class=\"__1 _70\"></span>y costes de <span class=\"__1 _70\"></span>turno que<span class=\"__1 _1bc\"> </span>son <span class=\"__1 _6\"></span>aquellos que <span class=\"__1 _6\"></span>contribuyen al <span class=\"__1 _6\"></span>desarrollo <span class=\"__1 _6\"></span>de los <span class=\"__1 _6\"></span>activos biol\u00f3gicos <span class=\"__1 _6\"></span>en el <span class=\"__1 _6\"></span>turno <span class=\"__1 _6\"></span>en que s<span class=\"__1 _6\"></span>e encuentran <span class=\"__1 _6\"></span>hasta<span class=\"__1 _1bc\"> </span>el <span class=\"__1 _4\"></span>momento <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>aprovechamiento<span class=\"__1 _6\"></span>-corta. <span class=\"__1 _4\"></span>Por <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>u <span class=\"__1 _4\"></span>parte, <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>especie <span class=\"__1 _4\"></span>Nitens <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>periodos <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>turno <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>c<span class=\"__1 _6\"></span>iclo<span class=\"__1 _1bc\"> </span>coinciden <span class=\"__1 _4\"></span>en <span class=\"__1 _c8\"></span>el <span class=\"__1 _4\"></span>ran<span class=\"__1 _6\"></span>go <span class=\"__1 _4\"></span>de <span class=\"__1 _c8\"></span>11-<span class=\"__1 _6\"></span>15 <span class=\"__1 _4\"></span>a\u00f1os<span class=\"__1 _6\"></span>, <span class=\"__1 _4\"></span>al <span class=\"__1 _c8\"></span>no <span class=\"__1 _4\"></span>prod<span class=\"__1 _6\"></span>ucirse <span class=\"__1 _4\"></span>un <span class=\"__1 _c8\"></span>rebrote <span class=\"__1 _4\"></span>eficiente, <span class=\"__1 _c8\"></span>por <span class=\"__1 _4\"></span>lo <span class=\"__1 _c8\"></span>que <span class=\"__1 _4\"></span>tod<span class=\"__1 _6\"></span>os <span class=\"__1 _4\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>costes<span class=\"__1 _1bc\"> </span>considerados en<span class=\"__1 _6\"></span> su desarrollo son con<span class=\"__1 _6\"></span>siderados costes de turn<span class=\"__1 _6\"></span>o. En e<span class=\"__1 _5\"></span>l <span class=\"__1 _5\"></span>momento <span class=\"__1 _70\"></span>de la <span class=\"__1 _70\"></span>recolec<span class=\"__1 _6\"></span>ci\u00f3n del <span class=\"__1 _70\"></span>vuelo forestal <span class=\"__1 _70\"></span>se reduce <span class=\"__1 _70\"></span>el <span class=\"__1 _5\"></span>valor <span class=\"__1 _5\"></span>del <span class=\"__1 _5\"></span>activo <span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span><span class=\"ff6\">trav\u00e9s de<span class=\"__1 _5\"></span> <span class=\"__1 _5\"></span>la <span class=\"__1 _5\"></span>cuenta <span class=\"__1 _5\"></span>\u201cActivos<span class=\"__1 _1bc\"> </span></span>biol\u00f3gicos <span class=\"__1 _8\"></span><span class=\"ff6\">\u2013</span> <span class=\"__1 _8\"></span><span class=\"ff6\">agotamiento <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>reserva <span class=\"__1 _8\"></span>forestal\u201d <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>se <span class=\"__1 _6\"></span>reconoce <span class=\"__1 _8\"></span>un <span class=\"__1 _8\"></span>gasto <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>ep\u00edgrafe <span class=\"__1 _6\"></span>\u201cAgotamiento <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la<span class=\"__1 _1bc\"> </span></span>reserva forestal\u201d del Estado <span class=\"__1 _5\"></span>de Resultado consolidado por e<span class=\"__1 _5\"></span>l coste incurrido en <span class=\"__1 _5\"></span>su producci\u00f3n. La cuant\u00eda de<span class=\"__1 _1bc\"> </span>dicha <span class=\"__1 _70\"></span>redu<span class=\"__1 _6\"></span>cci\u00f3n <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>correspond<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>con <span class=\"__1 _5\"></span>el <span class=\"__1 _70\"></span>100% <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>costes<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>turno <span class=\"__1 _5\"></span>incurridos, <span class=\"__1 _5\"></span>as\u00ed <span class=\"__1 _70\"></span>como <span class=\"__1 _5\"></span>la <span class=\"__1 _70\"></span>parte <span class=\"__1 _5\"></span>proporcional<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>costes <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>ciclo, <span class=\"__1 _8\"></span>estimada <span class=\"__1 _6\"></span>consid<span class=\"__1 _6\"></span>erando <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>n\u00famero <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>turnos <span class=\"__1 _6\"></span>previstos <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>ciclo. <span class=\"__1 _6\"></span>Asimismo, <span class=\"__1 _6\"></span>cuan<span class=\"__1 _6\"></span>do el <span class=\"__1 _4\"></span>vuelo <span class=\"__1 _c8\"></span>forestal <span class=\"__1 _4\"></span>llega <span class=\"__1 _4\"></span>al <span class=\"__1 _c8\"></span>final <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>su <span class=\"__1 _c8\"></span>ciclo <span class=\"__1 _4\"></span>product<span class=\"__1 _8\"></span>ivo <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>da <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>baja <span class=\"__1 _c8\"></span>\u00edntegramente <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>val<span class=\"__1 _6\"></span>or <span class=\"__1 _c8\"></span>del <span class=\"__1 _4\"></span>activo <span class=\"__1 _c8\"></span>y <span class=\"__1 _4\"></span>su agotamiento forestal acumula<span class=\"__1 _6\"></span>do.<span class=\"__1 _6\"></span> No existe un mercado a<span class=\"__1 _6\"></span>ctivo del Eucalipto en E<span class=\"__1 _6\"></span>spa\u00f1a, y las caracter\u00edsticas de las t<span class=\"__1 _6\"></span>ransacciones que se llevan<span class=\"__1 _6\"></span> a  cabo  no <span class=\"__1 _ca\"> </span>han  permitido  hasta  la <span class=\"__1 _ca\"> </span>fecha  identificar  refe<span class=\"__1 _5\"></span>ren<span class=\"__1 _6\"></span>cias  de  precio  de  mercado  v\u00e1lidas  para <span class=\"__1 _c6\"> </span>s<span class=\"__1 _6\"></span>u<span class=\"__1 _1bc\"> </span> extrapolaci\u00f3n <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>patrimonio <span class=\"__1 _6\"></span>f<span class=\"__1 _6\"></span>orestal <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>ENCE. <span class=\"__1 _6\"></span>Por <span class=\"__1 _6\"></span>otra<span class=\"__1 _6\"></span> p<span class=\"__1 _6\"></span>arte, la <span class=\"__1 _6\"></span>aplicaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>m\u00e9todos<span class=\"__1 _6\"></span> alt<span class=\"__1 _6\"></span>ernativos <span class=\"__1 _6\"></span>que plantea <span class=\"__1 _c6\"> </span>N<span class=\"__1 _6\"></span>IIF <span class=\"__1 _c6\"> </span>13 <span class=\"__1 _c6\"> </span>p<span class=\"__1 _6\"></span>ara <span class=\"__1 _c6\"> </span>determinar  e<span class=\"__1 _5\"></span>l <span class=\"__1 _c6\"> </span>valor  razonable, <span class=\"__1 _c8\"> </span>n<span class=\"__1 _6\"></span>o <span class=\"__1 _c6\"> </span>ha <span class=\"__1 _c6\"> </span>p<span class=\"__1 _6\"></span>ermitido <span class=\"__1 _c6\"> </span>cuantificar  con <span class=\"__1 _c6\"> </span>fiabilidad <span class=\"__1 _c6\"> </span>el <span class=\"__1 _ca\"> </span>valor ra<span class=\"ls0_1\">zonable <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>los <span class=\"__1 _c8\"></span>activos <span class=\"__1 _4\"></span>biol\u00f3gicos, <span class=\"__1 _c8\"></span>debido <span class=\"__1 _c8\"></span>entre <span class=\"__1 _4\"></span>otros <span class=\"__1 _c8\"></span>factores, <span class=\"__1 _4\"></span>a <span class=\"__1 _c8\"></span>las <span class=\"__1 _4\"></span>asun<span class=\"__1 _6\"></span>ciones <span class=\"__1 _4\"></span>y <span class=\"__1 _c8\"></span>estimaciones <span class=\"__1 _4\"></span>que <span class=\"__1 _c8\"></span>se<span class=\"__1 _1bc\"> </span></span><span class=\"ls0_1\"> </span>deben llevar a <span class=\"__1 _6\"></span>cabo y al impac<span class=\"__1 _6\"></span>to que las<span class=\"__1 _6\"></span> mismas tienen en<span class=\"__1 _6\"></span> los resu<span class=\"__1 _6\"></span>ltados de la cu<span class=\"__1 _6\"></span>antificaci\u00f3n. <span class=\"__1 _6\"></span>Por todo ello,<span class=\"__1 _6\"></span> el Grupo no valo<span class=\"__1 _6\"></span>ra sus activos biol\u00f3<span class=\"__1 _6\"></span>gicos a<span class=\"__1 _6\"></span> valor razonable. ENCE ha desarrollado un modelo de valoraci\u00f3n de su patrimonio forestal a partir del <span class=\"__1 _5\"></span>descuento de los flujos futuros <span class=\"__1 _8\"></span>previs<span class=\"__1 _6\"></span>tos, <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>no <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>ha <span class=\"__1 _8\"></span>considerado <span class=\"__1 _8\"></span>lo <span class=\"__1 _8\"></span>suficientemente <span class=\"__1 _8\"></span>fiable <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>ara <span class=\"__1 _8\"></span>ser <span class=\"__1 _8\"></span>utilizado <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>valo<span class=\"__1 _6\"></span>raci\u00f3n <span class=\"__1 _8\"></span>a valor razonable <span class=\"__1 _5\"></span>de los <span class=\"__1 _70\"></span>activo<span class=\"__1 _6\"></span>s <span class=\"__1 _70\"></span>biol\u00f3<span class=\"__1 _6\"></span>gicos, si <span class=\"__1 _70\"></span>bien, su utilizaci<span class=\"__1 _5\"></span>\u00f3n consistente <span class=\"__1 _5\"></span>en e<span class=\"__1 _5\"></span>l tiem<span class=\"__1 _5\"></span>po s\u00ed <span class=\"__1 _70\"></span>permite identificar<span class=\"__1 _1bc\"> </span>rangos <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e v<span class=\"__1 _6\"></span>alor <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>tend<span class=\"__1 _6\"></span>encias <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>se <span class=\"__1 _8\"></span>tienen <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>consideraci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>evalu<span class=\"__1 _6\"></span>ar <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>existencia <span class=\"__1 _8\"></span>de pos<span class=\"__1 _6\"></span>ibles <span class=\"__1 _6\"></span>deterioros de valor en los a<span class=\"__1 _6\"></span>ctivos biol\u00f3gicos.<span class=\"__1 _1bc\"> </span> <span class=\"__1 _6\"></span> El <span class=\"__1 _c9\"> </span>valor <span class=\"__1 _c9\"> </span>en <span class=\"__1 _c9\"> </span>libros<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>de <span class=\"__1 _c9\"> </span>los <span class=\"__1 _c9\"> </span>activos <span class=\"__1 _c9\"> </span>biol\u00f3gicos<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>recogido <span class=\"__1 _c9\"> </span>en <span class=\"__1 _c9\"> </span>las <span class=\"__1 _c9\"> </span>cuentas <span class=\"__1 _cd\"> </span>anuales <span class=\"__1 _c9\"> </span>consolidadas <span class=\"__1 _c9\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _cb\"> </span>E<span class=\"__1 _6\"></span>NCE correspondientes <span class=\"__1 _4\"></span>al <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>jercicio <span class=\"__1 _4\"></span>2023 <span class=\"__1 _8\"></span>no<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>ifiere <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>forma <span class=\"__1 _4\"></span>significativa <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>v<span class=\"__1 _6\"></span>alor <span class=\"__1 _4\"></span>razonable <span class=\"__1 _4\"></span>que <span class=\"__1 _8\"></span>resultar\u00eda <span class=\"__1 _4\"></span>del ejercicio de valoraci\u00f3n realizado a partir del descuento de flujos futuro<span class=\"__1 _6\"></span>s previstos, siguiendo la metodolog\u00eda descrita en la Nota<span class=\"__1 _6\"></span> 3.5, y co<span class=\"__1 _6\"></span>nsideran<span class=\"__1 _6\"></span>do precios de venta<span class=\"__1 _6\"></span> de <span class=\"__1 _6\"></span>la madera alin<span class=\"__1 _6\"></span>eados con los<span class=\"__1 _6\"></span> precios actuales d<span class=\"__1 _6\"></span>e venta en <span class=\"__1 _6\"></span>el cas<span class=\"__1 _6\"></span>o de <span class=\"__1 _6\"></span>madera q<span class=\"__1 _6\"></span>ue tiene <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>destino <span class=\"__1 _6\"></span>su v<span class=\"__1 _6\"></span>enta a <span class=\"__1 _6\"></span>terceros, <span class=\"__1 _6\"></span>y con <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>precios <span class=\"__1 _6\"></span>de compra <span class=\"__1 _6\"></span>de las<span class=\"__1 _4\"></span> plantas d<span class=\"__1 _6\"></span>e producci\u00f3n de celulosa en el cas<span class=\"__1 _6\"></span>o de m<span class=\"__1 _6\"></span>adera del patrimonio foresta<span class=\"__1 _6\"></span>l con ese destino.<span class=\"__1 _1bc\"> </span>3.5<span class=\"ff5\"> <span class=\"__1 _cc\"> </span></span><span class=\"fc3\">Deterioro de valo<span class=\"__1 _5\"></span>r de activo<span class=\"__1 _5\"></span>s no financieros </span>El <span class=\"__1 _6\"></span>Grupo <span class=\"__1 _6\"></span>ENCE <span class=\"__1 _6\"></span>revisa, <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>menos <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>fecha d<span class=\"__1 _6\"></span>e cierre <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>cada <span class=\"__1 _6\"></span>ejercicio, <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>valor <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>sus <span class=\"__1 _6\"></span>activos<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>no finan<span class=\"__1 _6\"></span>cieros, entre los <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>se incluyen <span class=\"__1 _6\"></span>lo<span class=\"__1 _6\"></span>s activ<span class=\"__1 _6\"></span>os materiales, <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>activos p<span class=\"__1 _6\"></span>or derecho <span class=\"__1 _6\"></span>de us<span class=\"__1 _6\"></span>o, el <span class=\"__1 _6\"></span>fondo d<span class=\"__1 _6\"></span>e comercio <span class=\"__1 _6\"></span>junto a <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>otros <span class=\"__1 _8\"></span>activos <span class=\"__1 _8\"></span>intangibles<span class=\"__1 _6\"></span>, <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>activos <span class=\"__1 _8\"></span>biol\u00f3gicos,<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span><span class=\"ff6\">y <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>\u201cInversiones <span class=\"__1 _8\"></span>contab<span class=\"__1 _6\"></span>ilizadas <span class=\"__1 _8\"></span>por <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>m\u00e9todo <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>la </span>participaci\u00f3n\u201d<span class=\"ff4\"> <span class=\"__1 _8\"></span>para <span class=\"__1 _8\"></span>determinar <span class=\"__1 _8\"></span>si <span class=\"__1 _8\"></span>existe <span class=\"__1 _6\"></span>alg\u00fan<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>in<span class=\"__1 _6\"></span>dicio <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>qu<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>dicho<span class=\"__1 _6\"></span>s <span class=\"__1 _8\"></span>activos <span class=\"__1 _8\"></span>hayan <span class=\"__1 _6\"></span>su<span class=\"__1 _6\"></span>frido <span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>na <span class=\"__1 _8\"></span>p\u00e9rdida <span class=\"__1 _8\"></span>por </span>deterioro, y <span class=\"__1 _5\"></span>por tanto <span class=\"__1 _70\"></span>el valor <span class=\"__1 _5\"></span>que se <span class=\"__1 _70\"></span>esp<span class=\"__1 _6\"></span>era re<span class=\"__1 _5\"></span>cuperar de <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>u uso <span class=\"__1 _5\"></span>o <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>isposici\u00f3n es <span class=\"__1 _5\"></span>inferior <span class=\"__1 _70\"></span>a su valor <span class=\"__1 _5\"></span>en libros.<span class=\"__1 _70\"></span> <span class=\"__1 _8\"></span> ENCE <span class=\"__1 _cb\"> </span>utiliza <span class=\"__1 _cb\"> </span>tanto <span class=\"__1 _cb\"> </span>fuentes <span class=\"__1 _cb\"> </span>de <span class=\"__1 _cb\"> </span>informaci\u00f3n <span class=\"__1 _cb\"> </span>internas<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>como <span class=\"__1 _cb\"> </span>externas <span class=\"__1 _cb\"> </span>para <span class=\"__1 _cb\"> </span>evaluar <span class=\"__1 _cb\"> </span>posibles <span class=\"__1 _cb\"> </span>indicios <span class=\"__1 _cb\"> </span>de deterioro. <span class=\"__1 _ca\"> </span>Entre  las <span class=\"__1 _c6\"> </span>fuentes <span class=\"__1 _ca\"> </span>externas  se <span class=\"__1 _c6\"> </span>consideran  disminuciones <span class=\"__1 _c6\"> </span>del  valor <span class=\"__1 _c6\"> </span>de  me<span class=\"__1 _5\"></span>rcado  considerando transacciones comparables, <span class=\"__1 _70\"></span>la <span class=\"__1 _70\"></span>evoluci\u00f3n de <span class=\"__1 _70\"></span>los <span class=\"__1 _70\"></span>precios <span class=\"__1 _70\"></span>a f<span class=\"__1 _5\"></span>uturo <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>la <span class=\"__1 _70\"></span>celulosa y <span class=\"__1 _70\"></span>la <span class=\"__1 _70\"></span>energ\u00eda <span class=\"__1 _70\"></span>ren<span class=\"__1 _6\"></span>ovable, <span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>sibles cambios <span class=\"__1 _6\"></span>futu<span class=\"__1 _6\"></span>ros <span class=\"__1 _6\"></span>ad<span class=\"__1 _6\"></span>versos <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>entorno <span class=\"__1 _8\"></span>legal, <span class=\"__1 _6\"></span>econ<span class=\"__1 _6\"></span>\u00f3mico <span class=\"__1 _6\"></span>o <span class=\"__1 _8\"></span>tecnol\u00f3gico <span class=\"__1 _6\"></span>qu<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>pu<span class=\"__1 _6\"></span>dieran <span class=\"__1 _6\"></span>poner <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>manifiesto<span class=\"__1 _6\"></span> una <span class=\"__1 _c8\"></span>p\u00e9rdida <span class=\"__1 _c8\"> </span>del <span class=\"__1 _c8\"></span>valor <span class=\"__1 _4\"></span>recuperab<span class=\"__1 _6\"></span>le <span class=\"__1 _4\"></span>de <span class=\"__1 _c8\"> </span>sus<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>act<span class=\"__1 _6\"></span>ivos<span class=\"__1 _6\"></span>, <span class=\"__1 _c8\"></span>mermas <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>obrevenidas <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c8\"></span>la <span class=\"__1 _4\"></span>prod<span class=\"__1 _6\"></span>ucci\u00f3n <span class=\"__1 _4\"></span>esp<span class=\"__1 _6\"></span>erada <span class=\"__1 _c8\"></span>que persistan en el tiem<span class=\"__1 _5\"></span>po, o la ev<span class=\"__1 _5\"></span>oluci\u00f3n de variables macroecon\u00f3micas somo la inflaci\u00f3n y l<span class=\"__1 _5\"></span>os tipos de i<span class=\"__1 _5\"></span>nter\u00e9s<span class=\"__1 _6\"></span><span class=\"ls15\">. </span>Por su parte, internamente s<span class=\"__1 _6\"></span>e eval\u00faa si se ha produ<span class=\"__1 _6\"></span>cido un deterioro f\u00edsico u obso<span class=\"__1 _6\"></span>lescencia de los activos, o si el rendimiento del activo es<span class=\"__1 _6\"></span> peor de lo es<span class=\"__1 _6\"></span>perado.<span class=\"__1 _6\"></span> En <span class=\"__1 _c6\"> </span>caso <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>existir <span class=\"__1 _c6\"> </span>in<span class=\"__1 _6\"></span>dicios <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c6\"> </span>deterioro, <span class=\"__1 _c6\"> </span>se <span class=\"__1 _c6\"> </span>ll<span class=\"__1 _6\"></span>eva <span class=\"__1 _c6\"> </span>a <span class=\"__1 _c6\"> </span>cabo  una <span class=\"__1 _c8\"> </span>estimaci\u00f3n <span class=\"__1 _ca\"> </span>del <span class=\"__1 _c6\"> </span>importe <span class=\"__1 _c6\"> </span>recuperab<span class=\"__1 _6\"></span>le, <span class=\"__1 _c8\"> </span>p<span class=\"__1 _6\"></span>ara determinar, en <span class=\"__1 _70\"></span>su caso, <span class=\"__1 _70\"></span>el importe <span class=\"__1 _70\"></span>del deterioro. <span class=\"__1 _5\"></span>El <span class=\"__1 _5\"></span>importe recuperable <span class=\"__1 _70\"></span>es<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>el<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>mayor <span class=\"__1 _5\"></span>entre el <span class=\"__1 _70\"></span>valor razonable<span class=\"__1 _1bc\"> </span> minorado p<span class=\"__1 _6\"></span>or el cos<span class=\"__1 _6\"></span>te de su <span class=\"__1 _6\"></span>venta y <span class=\"__1 _6\"></span>el valor <span class=\"__1 _6\"></span>\u201cen uso\u201d. E<span class=\"__1 _6\"></span>n el caso <span class=\"__1 _6\"></span>de los<span class=\"__1 _8\"></span><span class=\"ff4\"> fondos <span class=\"__1 _6\"></span>de comercio E<span class=\"__1 _6\"></span>NCE realiza <span class=\"__1 _6\"></span>de </span>forma sistem\u00e1tica el an<span class=\"__1 _6\"></span>\u00e1lisis de recuperabilidad al m<span class=\"__1 _6\"></span>enos anualmente.<span class=\"__1 _8\"></span> Los <span class=\"__1 _6\"></span>valores <span class=\"__1 _6\"></span>\u201cen <span class=\"__1 _6\"></span>uso\u201d <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>determinan <span class=\"__1 _6\"></span>para <span class=\"__1 _6\"></span>cad<span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>Unidad <span class=\"__1 _6\"></span>Generadora <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>Efectivo <span class=\"__1 _6\"></span>(UGE). <span class=\"__1 _6\"></span>El <span class=\"__1 _6\"></span>fond<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>comercio adquirido en una <span class=\"__1 _6\"></span>combinaci\u00f3n de negocios se dis<span class=\"__1 _6\"></span>tribuye entre cada u<span class=\"__1 _6\"></span>na de las UGE que se benefician de las sinergias <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>co<span class=\"__1 _6\"></span>mbinaci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>negocios.<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>Con <span class=\"__1 _8\"></span>car\u00e1cter <span class=\"__1 _8\"></span>general, <span class=\"__1 _8\"></span>cada <span class=\"__1 _8\"></span>una <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>instalaciones <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>que <span class=\"__1 _6\"></span>el<span class=\"__1 _6\"></span> Grupo desarrolla s<span class=\"__1 _6\"></span>u actividad es una UGE.<span class=\"__1 _1bc\"> </span>Para determinar el valor en u<span class=\"__1 _6\"></span>so de los a<span class=\"__1 _6\"></span>ctivos s<span class=\"__1 _6\"></span>ometidos a test de deterioro, s<span class=\"__1 _6\"></span>e estima el valor act<span class=\"__1 _6\"></span>ual de los<span class=\"__1 _1bc\"> </span>flujos <span class=\"__1 _6\"></span>netos<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>caj<span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>originado<span class=\"__1 _6\"></span>s <span class=\"__1 _8\"></span>por <span class=\"__1 _6\"></span>cada <span class=\"__1 _8\"></span>UGE <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>as<span class=\"__1 _6\"></span>ocian <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>mismos, <span class=\"__1 _8\"></span>exceptuando <span class=\"__1 _8\"></span>aquellos <span class=\"__1 _6\"></span>flujo<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>relacionados <span class=\"__1 _c8\"> </span>con<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>pagos <span class=\"__1 _c8\"> </span>o <span class=\"__1 _c6\"> </span>cobros <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>operaciones <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c8\"></span>financiaci\u00f3n <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c6\"> </span>los <span class=\"__1 _c8\"> </span>pagos <span class=\"__1 _c8\"> </span>por <span class=\"__1 _c6\"> </span>el <span class=\"__1 _c8\"></span>impue<span class=\"__1 _8\"></span>sto <span class=\"__1 _c8\"> </span>sobre <span class=\"__1 _c8\"> </span>los<span class=\"__1 _1bc\"> </span>beneficios, as\u00ed como aqu<span class=\"__1 _6\"></span>\u00e9llos que se deriven d<span class=\"__1 _6\"></span>e mejoras o reformas futuras<span class=\"__1 _6\"></span> previstas p<span class=\"__1 _6\"></span>ara los activos de las<span class=\"__1 _1bc\"> </span>citadas un<span class=\"__1 _6\"></span>idades generadoras de efectiv<span class=\"__1 _6\"></span>o. Los <span class=\"__1 _6\"></span>flujos <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>caja <span class=\"__1 _6\"></span>estimad<span class=\"__1 _6\"></span>os <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>obtienen <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>proyecciones <span class=\"__1 _6\"></span>realizad<span class=\"__1 _6\"></span>as <span class=\"__1 _6\"></span>por <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>Direcci\u00f3n <span class=\"__1 _6\"></span>d<span class=\"__1 _8\"></span>e <span class=\"__1 _6\"></span>cada <span class=\"__1 _6\"></span>un<span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>las<span class=\"__1 _1bc\"> </span>UGE, que en ge<span class=\"__1 _5\"></span>neral utilizan periodos de 3-5 a\u00f1os, excepto cuando las caracter\u00edsticas del negocio <span class=\"__1 _5\"></span>aconsejan<span class=\"__1 _1bc\"> </span>periodos <span class=\"__1 _8\"></span>superiores. <span class=\"__1 _6\"></span>Las <span class=\"__1 _6\"></span>tas<span class=\"__1 _6\"></span>as d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>crecimiento <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>variaciones <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>precios <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>costes <span class=\"__1 _6\"></span>directos <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>e b<span class=\"__1 _6\"></span>asan <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>los<span class=\"__1 _1bc\"> </span>compromisos contractuales <span class=\"__1 _5\"></span>firmes, <span class=\"__1 _70\"></span>la informaci\u00f3n <span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>\u00fablica disponible, <span class=\"__1 _70\"></span>as<span class=\"__1 _6\"></span>\u00ed <span class=\"__1 _70\"></span>como en <span class=\"__1 _70\"></span>las previ<span class=\"__1 _5\"></span>siones sectoriales<span class=\"__1 _1bc\"> </span>y <span class=\"__1 _70\"></span>la <span class=\"__1 _5\"></span>experiencia <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>ENCE. <span class=\"__1 _70\"></span>Ad<span class=\"__1 _6\"></span>icionalmente, <span class=\"__1 _5\"></span>se <span class=\"__1 _70\"></span>realizan <span class=\"__1 _5\"></span>an\u00e1lisis de <span class=\"__1 _70\"></span>sensibilidad <span class=\"__1 _5\"></span>en <span class=\"__1 _70\"></span>relaci\u00f3n <span class=\"__1 _5\"></span>con <span class=\"__1 _70\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>crecimientos<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _4\"></span>in<span class=\"__1 _6\"></span>gresos, <span class=\"__1 _c8\"></span>m\u00e1rgenes <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"></span>explotaci\u00f3n <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c8\"> </span>tasas <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"></span>descuent<span class=\"__1 _6\"></span>o,<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>con<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>el <span class=\"__1 _4\"></span>fin <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"></span>prever <span class=\"__1 _c8\"></span>el <span class=\"__1 _4\"></span>i<span class=\"__1 _6\"></span>mpacto <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"></span>futuros<span class=\"__1 _1bc\"> </span>cambios en estas<span class=\"__1 _6\"></span> variables (v\u00e9ase Nota 1<span class=\"__1 _6\"></span>9).<span class=\"__1 _1bc\"> </span> En <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>caso <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>plantas <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>generaci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>energ\u00eda <span class=\"__1 _6\"></span>renovab<span class=\"__1 _6\"></span>le encuad<span class=\"__1 _6\"></span>radas <span class=\"__1 _6\"></span>en <span class=\"__1 _4\"></span>ENCE Renovables,<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>en las<span class=\"__1 _6\"></span> qu<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span>se <span class=\"__1 _70\"></span>puede <span class=\"__1 _70\"></span>prever <span class=\"__1 _70\"></span>con<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>cierto <span class=\"__1 _70\"></span>gra<span class=\"__1 _6\"></span>do <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>fiabilidad <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>us <span class=\"__1 _70\"></span>flujos <span class=\"__1 _70\"></span>ta<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>to <span class=\"__1 _70\"></span>en <span class=\"__1 _70\"></span>la <span class=\"__1 _70\"></span>fase<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>construcci\u00f3n <span class=\"__1 _70\"></span>co<span class=\"__1 _6\"></span>mo <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>explot<span class=\"__1 _6\"></span>aci\u00f3n<span class=\"__1 _1bc\"> </span>(activos <span class=\"__1 _cb\"> </span>con  producci\u00f3n <span class=\"__1 _cb\"> </span>est<span class=\"__1 _5\"></span>able,  amp<span class=\"__1 _6\"></span>lias  s<span class=\"__1 _6\"></span>eries  hist\u00f3<span class=\"__1 _6\"></span>ricas  en <span class=\"__1 _cb\"> </span>la  informaci\u00f3n  de <span class=\"__1 _cb\"> </span>m<span class=\"__1 _5\"></span>ercado <span class=\"__1 _cb\"> </span>y  costes <span class=\"__1 _cb\"> </span>de<span class=\"__1 _1bc\"> </span>explotaci\u00f3n con<span class=\"__1 _6\"></span> poca <span class=\"__1 _6\"></span>volatilidad<span class=\"__1 _6\"></span>), se <span class=\"__1 _6\"></span>realiza u<span class=\"__1 _6\"></span>na pro<span class=\"__1 _6\"></span>yecci\u00f3n <span class=\"__1 _6\"></span>de los <span class=\"__1 _6\"></span>flujos <span class=\"__1 _6\"></span>de caja <span class=\"__1 _6\"></span>esperado<span class=\"__1 _6\"></span>s <span class=\"__1 _6\"></span>hasta <span class=\"__1 _6\"></span>el fina<span class=\"__1 _8\"></span>l <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span>la vida <span class=\"__1 _5\"></span>\u00fatil regulatoria <span class=\"__1 _5\"></span>de cada planta, <span class=\"__1 _5\"></span>y el <span class=\"__1 _70\"></span>valo<span class=\"__1 _6\"></span>r re<span class=\"__1 _5\"></span>sidual no es <span class=\"__1 _5\"></span>significativo. Por su <span class=\"__1 _5\"></span>parte, las <span class=\"__1 _5\"></span>proyecciones de<span class=\"__1 _1bc\"> </span>flujos de caja esperados en ac<span class=\"__1 _70\"></span>tiv<span class=\"__1 _6\"></span>os biol\u00f3gicos abarcan un ciclo <span class=\"__1 _5\"></span>productivo<span class=\"__1 _6\"></span> que <span class=\"__1 _5\"></span>puede alcanzar hasta 40 <span class=\"__1 _5\"></span>a\u00f1os<span class=\"__1 _1bc\"> </span>e igualmente no s<span class=\"__1 _6\"></span>e considera v<span class=\"__1 _6\"></span>alor residual.<span class=\"__1 _1bc\"> </span>Para <span class=\"__1 _6\"></span>actualizar<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>flujos <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>efectivo <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>utiliza <span class=\"__1 _8\"></span>una <span class=\"__1 _6\"></span>tas<span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>descuento <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>incluy<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>las <span class=\"__1 _8\"></span>evaluaciones <span class=\"__1 _6\"></span>actu<span class=\"__1 _6\"></span>ales<span class=\"__1 _1bc\"> </span>del mercado sob<span class=\"__1 _6\"></span>re el valor temporal del dinero y<span class=\"__1 _6\"></span> los riesgos es<span class=\"__1 _6\"></span>pec\u00edficos de cada UGE. Si se <span class=\"__1 _6\"></span>estima que <span class=\"__1 _6\"></span>el importe <span class=\"__1 _6\"></span>recuperable d<span class=\"__1 _6\"></span>e u<span class=\"__1 _6\"></span>n activo <span class=\"__1 _6\"></span>es inferior a <span class=\"__1 _6\"></span>su valor <span class=\"__1 _6\"></span>en libros, <span class=\"__1 _6\"></span>\u00e9ste \u00faltimo se <span class=\"__1 _6\"></span>reduce a<span class=\"__1 _1bc\"> </span>su <span class=\"__1 _c9\"> </span>importe <span class=\"__1 _cb\"> </span>recuperable <span class=\"__1 _c9\"> </span>reconociendo <span class=\"__1 _c9\"> </span>la <span class=\"__1 _cb\"> </span>minora<span class=\"__1 _6\"></span>ci\u00f3n <span class=\"__1 _cb\"> </span>de<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>v<span class=\"__1 _6\"></span>alor <span class=\"__1 _cb\"> </span>corresp<span class=\"__1 _6\"></span>ondiente <span class=\"__1 _cb\"> </span>a <span class=\"__1 _c9\"> </span>trav<span class=\"__1 _6\"></span>\u00e9s <span class=\"__1 _cb\"> </span>del <span class=\"__1 _c9\"> </span>ep\u00edgrafe<span class=\"__1 _1bc\"> </span>\u201cDeterioros <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>valor <span class=\"__1 _8\"></span>y <span class=\"__1 _4\"></span>re<span class=\"__1 _5\"></span>sultados<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>por <span class=\"__1 _4\"></span>enajenaci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>in<span class=\"__1 _6\"></span>movilizado\u201d <span class=\"__1 _4\"></span>del <span class=\"__1 _6\"></span>E<span class=\"__1 _6\"></span>stado <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>Resultad<span class=\"__1 _8\"></span><span class=\"ff4 ls19\">o <span class=\"__1 _8\"></span><span class=\"ls0_1\">consolida<span class=\"__1 _6\"></span>do<span class=\"ls15\">.<span class=\"__1 _1bc\"> </span></span></span></span>Las p\u00e9rdidas<span class=\"__1 _6\"></span> por deterioro son revers<span class=\"__1 _6\"></span>ibles, excepto las corresp<span class=\"__1 _6\"></span>ondientes a los<span class=\"__1 _6\"></span> fondos de comercio.<span class=\"__1 _1bc\"> </span>Cuando <span class=\"__1 _4\"></span>una <span class=\"__1 _4\"></span>p\u00e9rdida <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>valo<span class=\"__1 _6\"></span>r <span class=\"__1 _8\"></span>revierte <span class=\"__1 _4\"></span>posteriormente, <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>importe <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>libros <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>UGE <span class=\"__1 _4\"></span>se<span class=\"__1 _5\"></span> <span class=\"__1 _4\"></span>incrementa <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>l<span class=\"__1 _5\"></span>a<span class=\"__1 _1bc\"> </span>estimaci\u00f3n revisada de su importe recuperable, pero de tal modo que <span class=\"__1 _5\"></span>el importe en libros incrementado no<span class=\"__1 _1bc\"> </span>supere <span class=\"__1 _c8\"> </span>el <span class=\"__1 _c8\"> </span>importe <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c8\"> </span>libros<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _c8\"> </span>se <span class=\"__1 _c6\"> </span>habr\u00eda <span class=\"__1 _c8\"> </span>determinado<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"> </span>no <span class=\"__1 _c8\"> </span>haberse <span class=\"__1 _c8\"> </span>reconocido<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>ninguna <span class=\"__1 _c8\"> </span>p<span class=\"__1 _6\"></span>\u00e9rdida <span class=\"__1 _c8\"></span>por<span class=\"__1 _1bc\"> </span>deterioro de valor par<span class=\"__1 _6\"></span>a la UGE en ejercicios a<span class=\"__1 _6\"></span>nteriores.<span class=\"__1 _1bc\"> </span>3.6<span class=\"ff5\"> <span class=\"__1 _cc\"> </span></span><span class=\"fc3\">Arrendamientos<span class=\"__1 _1bc\"> </span></span>ENCE <span class=\"__1 _8\"></span>act\u00faa <span class=\"__1 _8\"></span>como <span class=\"__1 _6\"></span>ar<span class=\"__1 _6\"></span>rendatario <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>concesion<span class=\"__1 _6\"></span>ario <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>determinados<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>act<span class=\"__1 _6\"></span>ivos, <span class=\"__1 _6\"></span>principalmente<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>uelo <span class=\"__1 _8\"></span>industrial <span class=\"__1 _6\"></span>y<span class=\"__1 _1bc\"> </span>forestal, <span class=\"__1 _8\"></span>equip<span class=\"__1 _6\"></span>amiento <span class=\"__1 _8\"></span>indu<span class=\"__1 _6\"></span>strial <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>veh\u00edculos. <span class=\"__1 _8\"></span>Un <span class=\"__1 _4\"></span>contrato <span class=\"__1 _8\"></span>contiene <span class=\"__1 _8\"></span>un <span class=\"__1 _4\"></span>arrendamiento, <span class=\"__1 _8\"></span>cuan<span class=\"__1 _6\"></span>do <span class=\"__1 _8\"></span>se <span class=\"__1 _4\"></span>tiene <span class=\"__1 _8\"></span>el<span class=\"__1 _1bc\"> </span>derecho a dirigir el uso d<span class=\"__1 _6\"></span>e un activo p<span class=\"__1 _6\"></span>or un periodo de tiempo<span class=\"__1 _6\"></span> a cambio de una <span class=\"__1 _6\"></span>contraprestaci\u00f3n.<span class=\"__1 _1bc\"> </span>Los <span class=\"__1 _8\"></span>ar<span class=\"__1 _6\"></span>rendamientos <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>recon<span class=\"__1 _6\"></span>ocen <span class=\"__1 _8\"></span>al <span class=\"__1 _4\"></span>inicio <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>arr<span class=\"__1 _6\"></span>endamiento, <span class=\"__1 _4\"></span>como <span class=\"__1 _8\"></span>un <span class=\"__1 _8\"></span>act<span class=\"__1 _6\"></span>ivo <span class=\"__1 _8\"></span>po<span class=\"__1 _6\"></span>r <span class=\"__1 _8\"></span>el <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>erecho <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>us<span class=\"__1 _6\"></span>o <span class=\"__1 _8\"></span>y <span class=\"__1 _4\"></span>el<span class=\"__1 _1bc\"> </span>correspondiente pas<span class=\"__1 _6\"></span>ivo por el valor presente d<span class=\"__1 _6\"></span>e las cuotas<span class=\"__1 _6\"></span> de arrendamiento pendientes<span class=\"__1 _6\"></span> de pago. En <span class=\"__1 _cd\"> </span>la <span class=\"__1 _cd\"> </span>determinaci\u00f3n <span class=\"__1 _cd\"> </span>del <span class=\"__1 _c9\"> </span>plaz<span class=\"__1 _6\"></span>o <span class=\"__1 _cd\"> </span>de <span class=\"__1 _c9\"> </span>arrend<span class=\"__1 _6\"></span>amiento, <span class=\"__1 _cd\"> </span>se <span class=\"__1 _cd\"> </span>considera <span class=\"__1 _cd\"> </span>la <span class=\"__1 _cd\"> </span>duraci\u00f3n <span class=\"__1 _cd\"> </span>inicial <span class=\"__1 _c9\"> </span>del <span class=\"__1 _cd\"> </span>contrato<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>de<span class=\"__1 _1bc\"> </span>arrendamiento, as\u00ed como <span class=\"__1 _5\"></span>las pr\u00f3rrogas que se <span class=\"__1 _70\"></span>esp<span class=\"__1 _6\"></span>era razonablemente <span class=\"__1 _5\"></span>que se <span class=\"__1 _70\"></span>v<span class=\"__1 _6\"></span>an a <span class=\"__1 _5\"></span>producir y <span class=\"__1 _5\"></span>cuyo ejercicio<span class=\"__1 _1bc\"> </span>es discrecional para <span class=\"__1 _6\"></span>ENCE.<span class=\"__1 _1bc\"> </span> En <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c6\"> </span>determinaci\u00f3n <span class=\"__1 _c6\"> </span>del <span class=\"__1 _c6\"> </span>pas<span class=\"__1 _6\"></span>ivo <span class=\"__1 _c6\"> </span>por <span class=\"__1 _c6\"> </span>el <span class=\"__1 _c6\"> </span>derecho <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>uso <span class=\"__1 _c6\"> </span>se <span class=\"__1 _c6\"> </span>considera <span class=\"__1 _c6\"> </span>el <span class=\"__1 _c6\"> </span>valor <span class=\"__1 _c6\"> </span>presente <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>las <span class=\"__1 _c6\"> </span>cuotas <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span>arrendamiento <span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>endientes <span class=\"__1 _70\"></span>de pago, <span class=\"__1 _70\"></span>menos <span class=\"__1 _5\"></span>cualquier <span class=\"__1 _70\"></span>incenti<span class=\"__1 _6\"></span>vo <span class=\"__1 _5\"></span>recibido <span class=\"__1 _70\"></span>por e<span class=\"__1 _5\"></span>l <span class=\"__1 _70\"></span>arrendami<span class=\"__1 _6\"></span>ento, m<span class=\"__1 _5\"></span>\u00e1s <span class=\"__1 _70\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>pagos<span class=\"__1 _1bc\"> </span>variables que dependen <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _5\"></span>un \u00edndice o <span class=\"__1 _70\"></span>ta<span class=\"__1 _6\"></span>sa, los importes que se <span class=\"__1 _5\"></span>espera pagar <span class=\"__1 _5\"></span>por garant\u00eda de <span class=\"__1 _70\"></span>v<span class=\"__1 _6\"></span>alor residual,<span class=\"__1 _1bc\"> </span>el  precio  de  la <span class=\"__1 _ca\"> </span>opci\u00f3n  de  compra  si  se  prev\u00e9  que  se <span class=\"__1 _ca\"> </span>ejercitar\u00e1  y  los  pagos <span class=\"__1 _ca\"> </span>por  indemnizaciones  por<span class=\"__1 _1bc\"> </span>cancelaci\u00f3n  de <span class=\"__1 _cb\"> </span>contrato,  siempre  que<span class=\"__1 _6\"></span>  el  plazo  d<span class=\"__1 _6\"></span>e  arr<span class=\"__1 _6\"></span>endamiento  refleje <span class=\"__1 _cb\"> </span>el  ejercicio  de  la <span class=\"__1 _cb\"> </span>opci\u00f3n  d<span class=\"__1 _8\"></span><span class=\"ls1c\">e<span class=\"__1 _1bc\"> </span></span>cancelaci\u00f3n. Las <span class=\"__1 _70\"></span>cuotas<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>son ac<span class=\"__1 _70\"></span>tu<span class=\"__1 _6\"></span>alizadas considerando <span class=\"__1 _5\"></span>la <span class=\"__1 _70\"></span>ta<span class=\"__1 _6\"></span>sa <span class=\"__1 _70\"></span>in<span class=\"__1 _6\"></span>cremental <span class=\"__1 _5\"></span>de <span class=\"__1 _5\"></span>endeudamien<span class=\"__1 _6\"></span>to <span class=\"__1 _5\"></span>estimada, que<span class=\"__1 _1bc\"> </span>es la que tendr\u00eda que pagar <span class=\"__1 _70\"></span>un arrendatario al inicio del arrendamiento por un pr\u00e9stamo <span class=\"__1 _5\"></span>similar en cuanto a<span class=\"__1 _1bc\"> </span>importe, plazo y gara<span class=\"__1 _6\"></span>nt\u00edas. Tras <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>reco<span class=\"__1 _6\"></span>nocimiento <span class=\"__1 _4\"></span>inicial, <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>Grupo <span class=\"__1 _4\"></span>valora <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>pasivo<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>por <span class=\"__1 _8\"></span>arrendamiento <span class=\"__1 _4\"></span>increment\u00e1ndolo <span class=\"__1 _8\"></span>por <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>gasto<span class=\"__1 _1bc\"> </span>financiero <span class=\"__1 _c8\"> </span>devengado, <span class=\"__1 _c6\"> </span>disminuy\u00e9ndolo <span class=\"__1 _c6\"> </span>por <span class=\"__1 _c8\"></span>los <span class=\"__1 _c8\"></span>pagos <span class=\"__1 _c8\"> </span>realizados <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c8\"> </span>reestimando<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>el <span class=\"__1 _c8\"></span>valor <span class=\"__1 _c8\"></span>contable <span class=\"__1 _c8\"> </span>por <span class=\"__1 _c8\"> </span>las<span class=\"__1 _1bc\"> </span>modificaciones del arrend<span class=\"__1 _6\"></span>amiento o par<span class=\"__1 _6\"></span>a reflejar las actualiz<span class=\"__1 _6\"></span>acion<span class=\"__1 _6\"></span>es de los pagos<span class=\"__1 _6\"></span> fijos en sustan<span class=\"__1 _6\"></span>cia.<span class=\"__1 _1bc\"> </span>Por su<span class=\"__1 _6\"></span> parte, <span class=\"__1 _6\"></span>el activo<span class=\"__1 _6\"></span> por <span class=\"__1 _6\"></span>el derecho de <span class=\"__1 _6\"></span>uso <span class=\"__1 _6\"></span>se valo<span class=\"__1 _6\"></span>ra inicialmente <span class=\"__1 _6\"></span>al valor <span class=\"__1 _6\"></span>resultante <span class=\"__1 _6\"></span>de a<span class=\"__1 _6\"></span>\u00f1adir <span class=\"__1 _6\"></span>al v<span class=\"__1 _6\"></span>alor del<span class=\"__1 _1bc\"> </span>pasivo <span class=\"__1 _6\"></span>por arrendamiento, <span class=\"__1 _6\"></span>los p<span class=\"__1 _6\"></span>agos d<span class=\"__1 _6\"></span>e incentivos <span class=\"__1 _6\"></span>liquidados <span class=\"__1 _6\"></span>antes <span class=\"__1 _6\"></span>del inicio <span class=\"__1 _6\"></span>del arrendamiento, los<span class=\"__1 _6\"></span> co<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>tes<span class=\"__1 _1bc\"> </span>directos <span class=\"__1 _cb\"> </span>incurridos<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>en <span class=\"__1 _cb\"> </span>el <span class=\"__1 _cb\"> </span>arrendamiento, <span class=\"__1 _c9\"> </span>y <span class=\"__1 _cb\"> </span>en <span class=\"__1 _cb\"> </span>su <span class=\"__1 _cb\"> </span>cas<span class=\"__1 _6\"></span>o, <span class=\"__1 _cb\"> </span>la <span class=\"__1 _cb\"> </span>estimaci\u00f3n <span class=\"__1 _cb\"> </span>de <span class=\"__1 _cb\"> </span>los<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>costes <span class=\"__1 _cb\"> </span>a <span class=\"__1 _c9\"> </span>incurrir <span class=\"__1 _cb\"> </span>en <span class=\"__1 _cb\"> </span>el<span class=\"__1 _1bc\"> </span>desmantelamiento del activo (coste inicial), menos cualquie<span class=\"__1 _6\"></span>r incentivo recibido. Posteriormente, se registra<span class=\"__1 _1bc\"> </span>al valor inicial, menos la amortizaci\u00f3n a<span class=\"__1 _6\"></span>cumulada y cualquier p<span class=\"__1 _6\"></span>\u00e9rdida por deterioro de valor de acuerdo con<span class=\"__1 _1bc\"> </span>NIC-<span class=\"ls12\">16</span>- Propiedad, p<span class=\"__1 _6\"></span>lanta y equipo (v<span class=\"__1 _6\"></span>\u00e9anse Notas 3.2 y 3.5). En la determinaci\u00f3n del gasto por amortizaci\u00f3n, los activos por <span class=\"__1 _5\"></span>derechos de uso se amortizar\u00e1n linealmente<span class=\"__1 _1bc\"> </span>en <span class=\"__1 _8\"></span>su <span class=\"__1 _8\"></span>vida <span class=\"__1 _8\"></span>\u00fatil <span class=\"__1 _8\"></span>estim<span class=\"__1 _6\"></span>ada, <span class=\"__1 _8\"></span>o <span class=\"__1 _8\"></span>bien, <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>plazo <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>arrend<span class=\"__1 _6\"></span>amiento, <span class=\"__1 _8\"></span>si <span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span>te <span class=\"__1 _8\"></span>\u00faltimo <span class=\"__1 _8\"></span>es <span class=\"__1 _8\"></span>menor. <span class=\"__1 _8\"></span>Si <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>transfiere <span class=\"__1 _8\"></span>la<span class=\"__1 _1bc\"> </span>propiedad <span class=\"__1 _8\"></span>al <span class=\"__1 _6\"></span>arrendatario <span class=\"__1 _6\"></span>o <span class=\"__1 _8\"></span>es <span class=\"__1 _6\"></span>pr\u00e1cticamente <span class=\"__1 _6\"></span>cierto <span class=\"__1 _6\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>arrendat<span class=\"__1 _6\"></span>ario <span class=\"__1 _6\"></span>ejercitar\u00e1 <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>opci\u00f3n <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>compra, <span class=\"__1 _6\"></span>se<span class=\"__1 _1bc\"> </span>amortizar\u00e1 duran<span class=\"__1 _6\"></span>te la vida \u00fatil del activo.<span class=\"__1 _1bc\"> </span>Los <span class=\"__1 _6\"></span>pagos <span class=\"__1 _6\"></span>asociados <span class=\"__1 _6\"></span>con <span class=\"__1 _6\"></span>arrendamientos <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>cort<span class=\"__1 _6\"></span>o plazo <span class=\"__1 _6\"></span>(inferiores <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>12 <span class=\"__1 _6\"></span>meses) <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>arrendamientos <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>activos<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _8\"></span>escaso <span class=\"__1 _8\"></span>valor <span class=\"__1 _4\"></span>(activo <span class=\"__1 _8\"></span>con <span class=\"__1 _8\"></span>un <span class=\"__1 _8\"></span>valor <span class=\"__1 _8\"></span>inferior <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>5.000 <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>uros) <span class=\"__1 _4\"></span>se <span class=\"__1 _8\"></span>reconocen <span class=\"__1 _8\"></span>directamente <span class=\"__1 _4\"></span>como <span class=\"__1 _6\"></span>un<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>gasto <span class=\"__1 _8\"></span>en<span class=\"__1 _1bc\"> </span>resultados de acuerdo a su de<span class=\"__1 _70\"></span>v<span class=\"__1 _6\"></span>engo. Asimismo, las rentas c<span class=\"__1 _5\"></span>onting<span class=\"__1 _6\"></span>entes sujetas a la ocurrencia de <span class=\"__1 _5\"></span>un evento<span class=\"__1 _1bc\"> </span>espec\u00edfico y <span class=\"__1 _70\"></span>las cuotas variables que <span class=\"__1 _5\"></span>dependen de <span class=\"__1 _5\"></span>los ingresos o <span class=\"__1 _5\"></span>del uso <span class=\"__1 _5\"></span>del activo <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>ubyacente, <span class=\"__1 _5\"></span>residuales en<span class=\"__1 _1bc\"> </span>los contratos suscritos por ENCE, se registran en el momento en el que se incurren, en e<span class=\"__1 _5\"></span>l ep\u00edgrafe \u201cSer<span class=\"__1 _6\"></span><span class=\"ff4\">v<span class=\"__1 _6\"></span>icios<span class=\"__1 _1bc\"> </span></span>exteriores-<span class=\"ff6\">Arrendamientos<span class=\"__1 _6\"></span>\u201d <span class=\"__1 _8\"></span>del <span class=\"__1 _4\"></span>Estado <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>Resultado <span class=\"__1 _8\"></span>consolida<span class=\"__1 _6\"></span>do <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>lugar <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>formar <span class=\"__1 _8\"></span>parte <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>pasivo<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>del<span class=\"__1 _1bc\"> </span></span>arrendamiento.<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _8\"></span>pasivo <span class=\"__1 _4\"></span>por <span class=\"__1 _6\"></span>arrendamiento<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>revaluar\u00e1 <span class=\"__1 _8\"></span>siempre<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>existan<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>modificaciones <span class=\"__1 _8\"></span>pos<span class=\"__1 _6\"></span>teriores <span class=\"__1 _8\"></span>al <span class=\"__1 _8\"></span>con<span class=\"__1 _6\"></span>trato <span class=\"__1 _8\"></span>que<span class=\"__1 _1bc\"> </span>alteren  el <span class=\"__1 _c6\"> </span>p<span class=\"__1 _6\"></span>lazo  del <span class=\"__1 _c6\"> </span>arr<span class=\"__1 _6\"></span>end<span class=\"__1 _6\"></span>amiento  o <span class=\"__1 _c6\"> </span>b<span class=\"__1 _6\"></span>ien  el <span class=\"__1 _c6\"> </span>al<span class=\"__1 _6\"></span>cance  del  contrato  (cambios  en <span class=\"__1 _ca\"> </span>los  pagos  futuros  por<span class=\"__1 _1bc\"> </span>actualizaci\u00f3n <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>los <span class=\"__1 _c6\"> </span>\u00edndices <span class=\"__1 _c6\"> </span>indicado<span class=\"__1 _6\"></span>s <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c8\"> </span>el <span class=\"__1 _c6\"> </span>con<span class=\"__1 _6\"></span>trato, <span class=\"__1 _c6\"> </span>modificaciones <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>cuotas <span class=\"__1 _c6\"> </span>futu<span class=\"__1 _6\"></span>ras, <span class=\"__1 _c6\"> </span>cambios <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c6\"> </span>las<span class=\"__1 _1bc\"> </span>expectativas <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>ejercicio <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>la <span class=\"__1 _70\"></span>opci\u00f3n <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>compra, <span class=\"__1 _5\"></span>etc). <span class=\"__1 _70\"></span>En <span class=\"__1 _5\"></span>esta <span class=\"__1 _70\"></span>situaci\u00f3n<span class=\"__1 _6\"></span>, <span class=\"__1 _70\"></span>el <span class=\"__1 _70\"></span>G<span class=\"__1 _6\"></span>rupo <span class=\"__1 _70\"></span>registrar\u00e1 las<span class=\"__1 _5\"></span> <span class=\"__1 _70\"></span>restimaciones<span class=\"__1 _1bc\"> </span>del p<span class=\"__1 _6\"></span>asivo <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>un <span class=\"__1 _6\"></span>aj<span class=\"__1 _6\"></span>uste al <span class=\"__1 _6\"></span>activo <span class=\"__1 _6\"></span>por <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>erecho d<span class=\"__1 _6\"></span>e us<span class=\"__1 _6\"></span>o, <span class=\"__1 _6\"></span>hasta <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>\u00e9ste <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>reduce <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>cero, <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>posteriormente<span class=\"__1 _1bc\"> </span>en resultados.<span class=\"__1 _1bc\"> </span>ENCE <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>ubarrienda <span class=\"__1 _c8\"></span>maquinaria <span class=\"__1 _4\"></span>forestal <span class=\"__1 _c8\"></span>previamente <span class=\"__1 _4\"></span>arr<span class=\"__1 _6\"></span>endada. <span class=\"__1 _c8\"></span>En <span class=\"__1 _4\"></span>estas <span class=\"__1 _4\"></span>situ<span class=\"__1 _6\"></span>aciones, <span class=\"__1 _4\"></span>se <span class=\"__1 _c8\"></span>analiza <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>i <span class=\"__1 _4\"></span>se <span class=\"__1 _c8\"></span>ha<span class=\"__1 _6\"></span><span class=\"ls1d\">n<span class=\"__1 _1bc\"> </span></span>transferido <span class=\"__1 _4\"></span>al <span class=\"__1 _4\"></span>subarrendatario <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>riesgos <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>beneficios <span class=\"__1 _4\"></span>asociados <span class=\"__1 _4\"></span>al <span class=\"__1 _4\"></span>activo <span class=\"__1 _4\"></span>objeto <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>subarriendo. <span class=\"__1 _4\"></span>En <span class=\"__1 _4\"></span>esa<span class=\"__1 _1bc\"> </span>situaci\u00f3n,  se  da <span class=\"__1 _c6\"> </span>de  baja  en <span class=\"__1 _c6\"> </span>cuentas<span class=\"__1 _6\"></span>  el <span class=\"__1 _c6\"> </span>activo  por  derecho <span class=\"__1 _ca\"> </span>de  uso <span class=\"__1 _c6\"> </span>y  se  reconoce <span class=\"__1 _c6\"> </span>u<span class=\"__1 _6\"></span>n <span class=\"__1 _ca\"> </span>activo  financiero<span class=\"__1 _1bc\"> </span>correspondiente a la in<span class=\"__1 _6\"></span>versi\u00f3n neta en<span class=\"__1 _6\"></span> el subar<span class=\"__1 _6\"></span>rendamiento.<span class=\"__1 _1bc\"> </span>ENCE clasifica los activos por <span class=\"__1 _70\"></span>derecho de uso atendiendo a la <span class=\"__1 _5\"></span>naturaleza del activo arrendado, en e<span class=\"__1 _5\"></span>l ep\u00edgrafe<span class=\"__1 _1bc\"> </span>\u201cPropiedad,  planta  y <span class=\"__1 _c6\"> </span>equipo\u201d  del  E<span class=\"__1 _5\"></span>stado  de <span class=\"__1 _c6\"> </span>Situ<span class=\"__1 _6\"></span>aci\u00f3n  Fi<span class=\"__1 _5\"></span>nanciera  consolidado,  y <span class=\"__1 _c6\"> </span>clasifica  el <span class=\"__1 _c6\"> </span>pas<span class=\"__1 _6\"></span>ivo  por<span class=\"__1 _1bc\"> </span>arrendamiento en el ep\u00edgrafe \u201c<span class=\"ff4\">Deuda financiera </span>\u2013<span class=\"ff4\"> </span>Otros pasivos financieros\u201d del pasivo a l<span class=\"__1 _5\"></span>argo y corto plazo<span class=\"__1 _1bc\"> </span>del Estado d<span class=\"__1 _6\"></span>e Situaci\u00f3n Financiera consolida<span class=\"__1 _6\"></span>do.<span class=\"__1 _1bc\"> </span>Con <span class=\"__1 _4\"></span>relaci\u00f3n <span class=\"__1 _8\"></span>al <span class=\"__1 _4\"></span>estado <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>flujos <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>efectivo, <span class=\"__1 _8\"></span>el <span class=\"__1 _4\"></span>Grupo <span class=\"__1 _4\"></span>registra <span class=\"__1 _8\"></span>los <span class=\"__1 _4\"></span>pagos <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>rincipal <span class=\"__1 _8\"></span>por <span class=\"__1 _4\"></span>los <span class=\"__1 _8\"></span>con<span class=\"__1 _6\"></span>tratos <span class=\"__1 _4\"></span>de<span class=\"__1 _1bc\"> </span>arrendamiento dentro <span class=\"__1 _70\"></span><span class=\"ff6\">de los <span class=\"__1 _70\"></span>\u201cFlujos neto <span class=\"__1 _70\"></span>de efectivo <span class=\"__1 _70\"></span>de las <span class=\"__1 _70\"></span>actividades de <span class=\"__1 _70\"></span>financiaci\u00f3n\u201d, as\u00ed <span class=\"__1 _70\"></span>como el <span class=\"__1 _70\"></span>registro<span class=\"__1 _1bc\"> </span></span>de <span class=\"__1 _c8\"> </span>los <span class=\"__1 _c6\"> </span>intereses <span class=\"__1 _c6\"> </span>relacionados <span class=\"__1 _c6\"> </span>con <span class=\"__1 _c6\"> </span>dichos <span class=\"__1 _c8\"> </span>con<span class=\"__1 _6\"></span>tratos <span class=\"__1 _c8\"> </span>dentro <span class=\"__1 _c6\"> </span>del <span class=\"__1 _c8\"> </span>ep\u00edgrafe <span class=\"__1 _c6\"> </span>\u201cFlujos <span class=\"__1 _c6\"> </span>netos <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>efectivo <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"> </span>las<span class=\"__1 _1bc\"> </span>actividades d<span class=\"__1 _6\"></span>e explotaci\u00f3n\u201d.<span class=\"__1 _1bc\"> </span>3.7<span class=\"ff5\"> <span class=\"__1 _cc\"> </span></span><span class=\"fc3\">Activos y pasi<span class=\"__1 _5\"></span>vos financiero<span class=\"__1 _5\"></span>s </span>ENCE valora <span class=\"__1 _70\"></span>y clasifica <span class=\"__1 _70\"></span>sus<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>instrumentos f<span class=\"__1 _5\"></span>inancieros de <span class=\"__1 _70\"></span>acu<span class=\"__1 _6\"></span>erdo con <span class=\"__1 _70\"></span>NIIF<span class=\"__1 _6\"></span>-9 Instrumentos <span class=\"__1 _5\"></span>Financieros. En <span class=\"__1 _70\"></span>este sentido: Activos financieros<span class=\"__1 _1bc\"> </span> En <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>momento <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>econocimiento <span class=\"__1 _8\"></span>inicial, <span class=\"__1 _6\"></span>ENCE <span class=\"__1 _8\"></span>valora <span class=\"__1 _6\"></span>un<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>activo <span class=\"__1 _8\"></span>financiero <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>su <span class=\"__1 _6\"></span>valor <span class=\"__1 _8\"></span>razonable, <span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>alor <span class=\"__1 _6\"></span>qu<span class=\"__1 _6\"></span>e incluye <span class=\"__1 _c9\"> </span>los <span class=\"__1 _c9\"> </span>cos<span class=\"__1 _6\"></span>tes <span class=\"__1 _c9\"> </span>de <span class=\"__1 _c9\"> </span>la <span class=\"__1 _c9\"> </span>tran<span class=\"__1 _6\"></span>sacci\u00f3n <span class=\"__1 _c9\"> </span>que <span class=\"__1 _c9\"> </span>s<span class=\"__1 _6\"></span>ean <span class=\"__1 _c9\"> </span>directamente <span class=\"__1 _c9\"> </span>atribuibles <span class=\"__1 _c9\"> </span>a <span class=\"__1 _cd\"> </span>la <span class=\"__1 _c9\"> </span>adquisici\u00f3n <span class=\"__1 _c9\"> </span>del <span class=\"__1 _c9\"> </span>activo<span class=\"__1 _6\"></span>. Excepcionalmente, <span class=\"__1 _cb\"> </span>los  costes <span class=\"__1 _cb\"> </span>de  transacci\u00f3n  corres<span class=\"__1 _6\"></span>pondientes  a <span class=\"__1 _cb\"> </span>activos  financieros  valo<span class=\"__1 _6\"></span>rados  a <span class=\"__1 _cb\"> </span>valor razonable con cambios<span class=\"__1 _6\"></span> en resultado<span class=\"__1 _6\"></span>s se imputan directamente a<span class=\"__1 _6\"></span> resul<span class=\"__1 _6\"></span>tados<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span>Con  posterioridad<span class=\"__1 _6\"></span>  a  su  recono<span class=\"__1 _6\"></span>cimiento  inicial,  ENCE <span class=\"__1 _cb\"> </span>clasifica  sus  activos  finan<span class=\"__1 _6\"></span>cieros  en  las  siguient<span class=\"__1 _6\"></span>es categor\u00edas; <span class=\"__1 _70\"></span>1) <span class=\"__1 _5\"></span>a <span class=\"__1 _70\"></span>coste amortizado, <span class=\"__1 _70\"></span>2) <span class=\"__1 _70\"></span>a <span class=\"__1 _5\"></span>valor <span class=\"__1 _70\"></span>razon<span class=\"__1 _6\"></span>able <span class=\"__1 _70\"></span>con <span class=\"__1 _70\"></span>cambio<span class=\"__1 _6\"></span>s <span class=\"__1 _70\"></span>en re<span class=\"__1 _5\"></span>sultados<span class=\"__1 _6\"></span>, <span class=\"__1 _70\"></span>o <span class=\"__1 _70\"></span>bien, <span class=\"__1 _5\"></span>3) <span class=\"__1 _70\"></span>a <span class=\"__1 _5\"></span>valor <span class=\"__1 _70\"></span>razonab<span class=\"__1 _6\"></span>le con  cambios  e<span class=\"__1 _5\"></span>n  otro <span class=\"__1 _c6\"> </span>resu<span class=\"__1 _6\"></span>ltado  global.  La <span class=\"__1 _c6\"> </span>clasificaci\u00f3n  depende  del <span class=\"__1 _c6\"> </span>modelo  de  negocio  de <span class=\"__1 _c6\"> </span>ENCE<span class=\"__1 _6\"></span>  par<span class=\"__1 _5\"></span>a gestionar los activ<span class=\"__1 _6\"></span>os financieros y<span class=\"__1 _6\"></span> los t\u00e9rminos contractu<span class=\"__1 _6\"></span>ales de los flujos<span class=\"__1 _6\"></span> de efectivo: <span class=\"__1 _6\"></span> i.<span class=\"ff2_1 ls0_1\"> <span class=\"__1 _a8\"> </span><span class=\"ff4\">Coste <span class=\"__1 _4\"></span>amort<span class=\"__1 _6\"></span>izado <span class=\"__1 _4\"></span>usan<span class=\"__1 _6\"></span>do <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>m\u00e9todo <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>tipo <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>inter<span class=\"__1 _6\"></span>\u00e9s <span class=\"__1 _4\"></span>efectivo: <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>clasifican<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>esta <span class=\"__1 _4\"></span>categor\u00eda <span class=\"__1 _4\"></span>los </span></span>activos <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>mantienen <span class=\"__1 _6\"></span>par<span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>cobro <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>flujos <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>efectivo <span class=\"__1 _6\"></span>previsto<span class=\"__1 _6\"></span>s <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>contrato, <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>esos<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>flujos <span class=\"__1 _6\"></span>de efectivo representan s<span class=\"__1 _6\"></span>\u00f3lo cobros d<span class=\"__1 _6\"></span>e principal e intereses. <span class=\"__1 _6\"></span> Una <span class=\"__1 _70\"></span>ganan<span class=\"__1 _6\"></span>cia <span class=\"__1 _70\"></span>o <span class=\"__1 _5\"></span>p\u00e9rdida en <span class=\"__1 _70\"></span>una <span class=\"__1 _70\"></span>inv<span class=\"__1 _6\"></span>ersi\u00f3n <span class=\"__1 _70\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _70\"></span>se <span class=\"__1 _5\"></span>valore <span class=\"__1 _70\"></span>a coste <span class=\"__1 _70\"></span>amortizado y <span class=\"__1 _70\"></span>no <span class=\"__1 _70\"></span>sea <span class=\"__1 _5\"></span>parte <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>u<span class=\"__1 _8\"></span>na <span class=\"__1 _70\"></span>relaci\u00f3<span class=\"__1 _6\"></span>n de cobertura se reconoce en el resu<span class=\"__1 _6\"></span>ltado del ejercicio cuando<span class=\"__1 _6\"></span> el activo se da de baja o se deteriora. Los ingresos por intereses de estos activos financieros se reconocen como ingresos financieros en el Estado de Resultado cons<span class=\"__1 _6\"></span>olidado de acuerd<span class=\"__1 _6\"></span>o a su<span class=\"__1 _6\"></span> devengo, aplicando el m\u00e9todo d<span class=\"__1 _6\"></span>el tipo de inter<span class=\"__1 _6\"></span>\u00e9s efectivo.<span class=\"__1 _6\"></span> En <span class=\"__1 _c6\"> </span>esta <span class=\"__1 _c6\"> </span>categor\u00eda <span class=\"__1 _c6\"> </span>se <span class=\"__1 _c6\"> </span>incluyen <span class=\"__1 _c6\"> </span>\u201cDeudores <span class=\"__1 _c6\"> </span>comerciales <span class=\"__1 _c6\"> </span>y <span class=\"__1 _c6\"> </span>otras<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>cuentas <span class=\"__1 _c6\"> </span>a <span class=\"__1 _c8\"> </span>cob<span class=\"__1 _6\"></span>rar\u201d, <span class=\"__1 _c6\"> </span>\u201cOtras <span class=\"__1 _c6\"> </span>inversion<span class=\"__1 _6\"></span>es financieras\u201d, <span class=\"__1 _6\"></span>\u201c<span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>\u201cEfectivo <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>otros <span class=\"__1 _6\"></span>activos <span class=\"__1 _8\"></span>l\u00edquidos <span class=\"__1 _6\"></span>equivalentes\u201d, <span class=\"__1 _4\"></span>principalmente. <span class=\"__1 _6\"></span>El <span class=\"__1 _6\"></span>ep\u00edgrafe <span class=\"__1 _6\"></span>\u201c<span class=\"__1 _6\"></span>Efectivo <span class=\"__1 _6\"></span>y otros <span class=\"__1 _c6\"> </span>activos <span class=\"__1 _c8\"> </span>l\u00edqu<span class=\"__1 _6\"></span>idos <span class=\"__1 _c8\"> </span>equiv<span class=\"__1 _6\"></span>alentes\u201d <span class=\"__1 _c8\"> </span>recoge <span class=\"__1 _c8\"> </span>s<span class=\"__1 _6\"></span>aldos <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c8\"> </span>tes<span class=\"__1 _6\"></span>orer\u00eda <span class=\"__1 _c8\"> </span>e <span class=\"__1 _c8\"> </span>inv<span class=\"__1 _6\"></span>ersiones <span class=\"__1 _c6\"> </span>a <span class=\"__1 _c8\"> </span>corto <span class=\"__1 _c6\"> </span>plazo <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c8\"> </span>gran liquidez que son f\u00e1cilmente convertibles en efectivo, con vencimiento<span class=\"__1 _6\"></span>s originales de un m\u00e1ximo de tres meses, y que es<span class=\"__1 _6\"></span>t\u00e1n sujetos a un riesgo <span class=\"__1 _6\"></span>de cambio de valor p<span class=\"__1 _6\"></span>oco significativo.<span class=\"__1 _6\"></span> Las cuentas por <span class=\"__1 _70\"></span>cob<span class=\"__1 _6\"></span>rar <span class=\"__1 _5\"></span>a deudores <span class=\"__1 _70\"></span>comerc<span class=\"__1 _6\"></span>iales propias del <span class=\"__1 _70\"></span>tr\u00e1fico habitual del <span class=\"__1 _5\"></span>Grupo se <span class=\"__1 _5\"></span>registran por <span class=\"__1 _5\"></span>su valor nominal, dado que su vencimiento es en ge<span class=\"__1 _5\"></span>neral inferior a doce meses, corregido <span class=\"__1 _6\"></span>po<span class=\"__1 _6\"></span>r las p\u00e9rdidas crediticias <span class=\"__1 _5\"></span>esperadas. En <span class=\"__1 _70\"></span>este cap\u00edtulo <span class=\"__1 _5\"></span>se <span class=\"__1 _5\"></span>ha <span class=\"__1 _5\"></span>seguido e<span class=\"__1 _5\"></span>l <span class=\"__1 _5\"></span>modelo simplificado <span class=\"__1 _70\"></span>de p\u00e9rdida <span class=\"__1 _70\"></span>es<span class=\"__1 _6\"></span>perada basado en la experiencia his<span class=\"__1 _6\"></span>t\u00f3rica de p\u00e9rdidas<span class=\"__1 _6\"></span> crediticias.<span class=\"__1 _6\"></span> ii.<span class=\"ff2_1 ls0_1\"> <span class=\"__1 _b5\"> </span><span class=\"ff4\">Valor <span class=\"__1 _6\"></span>razonab<span class=\"__1 _6\"></span>le <span class=\"__1 _6\"></span>con <span class=\"__1 _6\"></span>cambio<span class=\"__1 _6\"></span>s <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>resultados<span class=\"__1 _6\"></span>: <span class=\"__1 _6\"></span>dentro <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>esta <span class=\"__1 _6\"></span>cat<span class=\"__1 _6\"></span>egor\u00eda <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>incluy<span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>lo<span class=\"__1 _8\"></span>s <span class=\"__1 _6\"></span>deri<span class=\"__1 _6\"></span>vados <span class=\"__1 _8\"></span>que <span class=\"__1 _6\"></span>no </span></span>cumplen <span class=\"__1 _8\"></span>las <span class=\"__1 _4\"></span>condiciones <span class=\"__1 _8\"></span>para <span class=\"__1 _4\"></span>considerarse <span class=\"__1 _8\"></span>como <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>cobertura <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>acu<span class=\"__1 _6\"></span>erdo <span class=\"__1 _8\"></span>con <span class=\"__1 _4\"></span>NIIF <span class=\"__1 _8\"></span>9 <span class=\"__1 _4\"></span><span class=\"ff6\">\u2013</span> <span class=\"__1 _8\"></span>Ins<span class=\"__1 _6\"></span>trumentos Financieros, los activos <span class=\"__1 _70\"></span>finan<span class=\"__1 _6\"></span>cieros <span class=\"__1 _5\"></span>que otras <span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>ormas establezcan <span class=\"__1 _70\"></span>q<span class=\"__1 _6\"></span>ue deben <span class=\"__1 _70\"></span>v<span class=\"__1 _6\"></span>alorarse <span class=\"__1 _5\"></span>a valor <span class=\"__1 _70\"></span>razo<span class=\"__1 _6\"></span>nable con <span class=\"__1 _6\"></span>cargo <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>resultados, <span class=\"__1 _6\"></span>tales <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>as <span class=\"__1 _6\"></span>contrapres<span class=\"__1 _6\"></span>taciones con<span class=\"__1 _6\"></span>tingentes <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>combinaciones <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>negocios<span class=\"__1 _6\"></span> y aquellos activ<span class=\"__1 _6\"></span>os financieros que d<span class=\"__1 _6\"></span>e valorarse de otra forma <span class=\"__1 _6\"></span>generar\u00edan una as<span class=\"__1 _6\"></span>imetr\u00eda contable. <span class=\"__1 _6\"></span> Los <span class=\"__1 _8\"></span>cambios <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>se <span class=\"__1 _6\"></span>prod<span class=\"__1 _6\"></span>uzcan <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>su <span class=\"__1 _8\"></span>valor <span class=\"__1 _8\"></span>razonable <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>imputan <span class=\"__1 _8\"></span>cuando <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>pro<span class=\"__1 _6\"></span>ducen <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>ep\u00edgra<span class=\"__1 _8\"></span>fes \u201cGastos <span class=\"__1 _c9\"> </span>financieros\u201d, <span class=\"__1 _c9\"> </span>\u201cIngresos <span class=\"__1 _c9\"> </span>financieros\u201d <span class=\"__1 _c9\"> </span>o <span class=\"__1 _c9\"> </span>\u201cVariaci\u00f3n <span class=\"__1 _c9\"> </span>en <span class=\"__1 _c9\"> </span>el <span class=\"__1 _cb\"> </span>valor <span class=\"__1 _c9\"> </span>razonab<span class=\"__1 _6\"></span>le <span class=\"__1 _c9\"> </span>de <span class=\"__1 _cb\"> </span>instrumentos<span class=\"__1 _6\"></span> financieros\u201d, seg\u00fan<span class=\"__1 _6\"></span> corresponda, d<span class=\"__1 _6\"></span>el Estado de Resulta<span class=\"__1 _6\"></span>do consolidado.<span class=\"__1 _6\"></span><span class=\"ff4\"> </span>Los <span class=\"__1 _4\"></span>costes <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>transacci\u00f3n <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>irectamente <span class=\"__1 _4\"></span>atribuibles <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>compra <span class=\"__1 _4\"></span>o <span class=\"__1 _4\"></span>emisi\u00f3n <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>este <span class=\"__1 _4\"></span>tipo <span class=\"__1 _c8\"> </span>de <span class=\"__1 _4\"></span>activos<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>se reconocen como un<span class=\"__1 _6\"></span> gasto en el Estad<span class=\"__1 _6\"></span>o de Resultado conso<span class=\"__1 _6\"></span>lidado a medida qu<span class=\"__1 _6\"></span>e se incurre en ellos.<span class=\"__1 _1bc\"> </span>iii.<span class=\"ff2_1 ls0_1\"> <span class=\"__1 _b5\"> </span><span class=\"ff4\">Activos <span class=\"__1 _8\"></span>finan<span class=\"__1 _6\"></span>cieros <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>v<span class=\"__1 _6\"></span>alor <span class=\"__1 _8\"></span>razonab<span class=\"__1 _6\"></span>le <span class=\"__1 _8\"></span>con <span class=\"__1 _4\"></span>cambios <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>otro <span class=\"__1 _8\"></span>resultad<span class=\"__1 _6\"></span>o <span class=\"__1 _8\"></span>global: <span class=\"__1 _4\"></span>el <span class=\"__1 _6\"></span>Gru<span class=\"__1 _6\"></span>po <span class=\"__1 _8\"></span>no <span class=\"__1 _4\"></span>tiene <span class=\"__1 _6\"></span>act<span class=\"__1 _6\"></span>ivos </span></span>clasificados en esta ca<span class=\"__1 _6\"></span>tegor\u00eda.<span class=\"__1 _6\"></span> En el <span class=\"__1 _6\"></span>caso <span class=\"__1 _6\"></span>de p<span class=\"__1 _6\"></span>articipaciones <span class=\"__1 _6\"></span>en sociedad<span class=\"__1 _6\"></span>es no <span class=\"__1 _6\"></span>cotizadas<span class=\"__1 _6\"></span>, poco <span class=\"__1 _6\"></span>relevantes, d<span class=\"__1 _6\"></span>ado q<span class=\"__1 _6\"></span>ue el v<span class=\"__1 _6\"></span>alor razon<span class=\"__1 _6\"></span>able no <span class=\"__1 _8\"></span>siempre <span class=\"__1 _6\"></span>es <span class=\"__1 _8\"></span>posible <span class=\"__1 _8\"></span>determinarlo <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>forma <span class=\"__1 _6\"></span>fiabl<span class=\"__1 _6\"></span>e, <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>aloran <span class=\"__1 _8\"></span>por <span class=\"__1 _8\"></span>su <span class=\"__1 _8\"></span>coste <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>adquisici\u00f3n, <span class=\"__1 _8\"></span>corregido por las evidencias<span class=\"__1 _6\"></span> de deterioro que pu<span class=\"__1 _6\"></span>dieran existir.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> Durante <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>ejercicios <span class=\"__1 _4\"></span>2023 <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>2022 <span class=\"__1 _4\"></span>no <span class=\"__1 _4\"></span>se <span class=\"__1 _8\"></span>han<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>producido <span class=\"__1 _4\"></span>reclasificaciones <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>activos <span class=\"__1 _4\"></span>financieros <span class=\"__1 _4\"></span>entre <span class=\"__1 _4\"></span>las categor\u00edas definidas en lo<span class=\"__1 _6\"></span>s p\u00e1rrafos previos<span class=\"__1 _6\"></span>. Las compras y<span class=\"__1 _6\"></span> ventas de activos finan<span class=\"__1 _6\"></span>cieros se contabiliza<span class=\"__1 _6\"></span>n utilizando la fecha de n<span class=\"__1 _6\"></span>egociaci\u00f3n. <span class=\"__1 _8\"></span> Deterioros de valor<span class=\"__1 _1bc\"> </span>ENCE ev<span class=\"__1 _6\"></span>al\u00faa s<span class=\"__1 _6\"></span>obre una <span class=\"__1 _6\"></span>base p<span class=\"__1 _6\"></span>rospectiva <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>p\u00e9rdidas <span class=\"__1 _6\"></span>de cr\u00e9dito <span class=\"__1 _6\"></span>esperadas <span class=\"__1 _6\"></span>de s<span class=\"__1 _6\"></span>us <span class=\"__1 _6\"></span>activos valorados<span class=\"__1 _6\"></span> a <span class=\"__1 _6\"></span>coste<span class=\"__1 _1bc\"> </span> amortizado. En es<span class=\"__1 _6\"></span>te sentido, ENCE ap<span class=\"__1 _6\"></span>lica el enfoque gener<span class=\"__1 _6\"></span>al de c\u00e1lculo de la p\u00e9rd<span class=\"__1 _6\"></span>ida esperada a s<span class=\"__1 _6\"></span>us activos<span class=\"__1 _1bc\"> </span> financieros a <span class=\"__1 _5\"></span>largo plazo, excepto <span class=\"__1 _5\"></span>los saldos comerciales y <span class=\"__1 _70\"></span>ot<span class=\"__1 _6\"></span>ras cuentas a <span class=\"__1 _5\"></span>cobrar sin <span class=\"__1 _5\"></span>componente financiero<span class=\"__1 _1bc\"> </span> significativo para <span class=\"__1 _6\"></span>los que aplica un enfoqu<span class=\"__1 _6\"></span>e simplificado.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> Bajo el enfoque general, se consideran las p\u00e9rdidas<span class=\"__1 _6\"></span> crediticias esperadas en los pr\u00f3ximos doce meses, salvo<span class=\"__1 _1bc\"> </span> que <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>riesgo <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>cr\u00e9dito <span class=\"__1 _8\"></span>se <span class=\"__1 _4\"></span>haya <span class=\"__1 _4\"></span>incrementado <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>for<span class=\"__1 _6\"></span>ma <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>ignificativa <span class=\"__1 _4\"></span>desde <span class=\"__1 _8\"></span>su<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>reconocimiento <span class=\"__1 _4\"></span>inicial, <span class=\"__1 _8\"></span>en<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> cuyo cas<span class=\"__1 _6\"></span>o se <span class=\"__1 _6\"></span>considerar\u00e1n<span class=\"__1 _6\"></span> las <span class=\"__1 _6\"></span>p\u00e9rdidas <span class=\"__1 _6\"></span>esperadas<span class=\"__1 _6\"></span> duran<span class=\"__1 _6\"></span>te la <span class=\"__1 _6\"></span>vida <span class=\"__1 _6\"></span>del activo. <span class=\"__1 _6\"></span>En <span class=\"__1 _6\"></span>la evalu<span class=\"__1 _6\"></span>aci\u00f3n <span class=\"__1 _6\"></span>de un<span class=\"__1 _6\"></span> ca<span class=\"__1 _6\"></span>mbio<span class=\"__1 _1bc\"> </span> significativo <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>riesgo <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>cr<span class=\"__1 _6\"></span>\u00e9dito <span class=\"__1 _8\"></span>se <span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>tilizan <span class=\"__1 _8\"></span>variaciones<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>calificaci\u00f3n <span class=\"__1 _8\"></span>crediticia <span class=\"__1 _8\"></span>obtenida<span class=\"__1 _6\"></span>s <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>fuentes<span class=\"__1 _1bc\"> </span> de mercado externas<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span> Bajo <span class=\"__1 _5\"></span>el <span class=\"__1 _70\"></span>enfoqu<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>implificado, <span class=\"__1 _5\"></span>se <span class=\"__1 _5\"></span>consideran las <span class=\"__1 _70\"></span>p\u00e9rdidas cre<span class=\"__1 _5\"></span>diticias e<span class=\"__1 _5\"></span>speradas durante <span class=\"__1 _70\"></span>la <span class=\"__1 _5\"></span>vida <span class=\"__1 _5\"></span>del <span class=\"__1 _70\"></span>act<span class=\"__1 _6\"></span>ivo.  <span class=\"__1 _5\"></span>Este<span class=\"__1 _1bc\"> </span> modelo <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>ll<span class=\"__1 _6\"></span>eva <span class=\"__1 _c8\"></span>a <span class=\"__1 _c8\"></span>cabo <span class=\"__1 _c8\"></span>teniendo <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c8\"></span>consideraci\u00f3n <span class=\"__1 _c8\"> </span>el <span class=\"__1 _c8\"></span>tipo <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"></span>cliente<span class=\"__1 _6\"></span>, <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c8\"> </span>cobertura <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>s<span class=\"__1 _6\"></span>eguro <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>cr\u00e9dito<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> disponible,<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>as\u00ed <span class=\"__1 _70\"></span>como <span class=\"__1 _70\"></span>la <span class=\"__1 _70\"></span>experie<span class=\"__1 _6\"></span>ncia <span class=\"__1 _70\"></span>hist\u00f3rica <span class=\"__1 _70\"></span>ref<span class=\"__1 _6\"></span>erente <span class=\"__1 _70\"></span>al <span class=\"__1 _70\"></span>riesgo <span class=\"__1 _5\"></span>crediticio <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>los <span class=\"__1 _70\"></span>\u00fa<span class=\"__1 _6\"></span>ltimos <span class=\"__1 _70\"></span>cinco <span class=\"__1 _70\"></span>a\u00f1<span class=\"__1 _6\"></span>os. El <span class=\"__1 _70\"></span>modelo<span class=\"__1 _1bc\"> </span> incorpora <span class=\"__1 _8\"></span>como <span class=\"__1 _8\"></span>un <span class=\"__1 _4\"></span>umbral <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>m\u00e1s <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>180 <span class=\"__1 _8\"></span>d\u00edas<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>mora <span class=\"__1 _8\"></span>par<span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>consideraci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>ha <span class=\"__1 _8\"></span>prod<span class=\"__1 _6\"></span>ucido <span class=\"__1 _8\"></span>un<span class=\"__1 _1bc\"> </span> impago <span class=\"__1 _5\"></span>definitivo. Estos <span class=\"__1 _70\"></span>criterios son <span class=\"__1 _70\"></span>aplicados en <span class=\"__1 _70\"></span>ausencia de<span class=\"__1 _5\"></span> <span class=\"__1 _5\"></span>otras e<span class=\"__1 _5\"></span>videncias objetivas <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>incumplimiento,<span class=\"__1 _1bc\"> </span> como <span class=\"__1 _70\"></span>puedan<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>ser <span class=\"__1 _5\"></span>las <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>ituaciones <span class=\"__1 _70\"></span>concu<span class=\"__1 _6\"></span>rsales, <span class=\"__1 _5\"></span>etc. <span class=\"__1 _70\"></span><span class=\"ls18\">En <span class=\"__1 _5\"></span><span class=\"ls0_1\">los <span class=\"__1 _70\"></span>ejercicios 2023 <span class=\"__1 _70\"></span>y <span class=\"__1 _70\"></span>2022 <span class=\"__1 _5\"></span>no <span class=\"__1 _70\"></span>se han <span class=\"__1 _70\"></span>registrado <span class=\"__1 _5\"></span>importes<span class=\"__1 _1bc\"> </span></span></span><span class=\"ls18\"><span class=\"ls0_1\"> </span></span>significativos p<span class=\"__1 _6\"></span>or este concepto en <span class=\"__1 _6\"></span>el Estado<span class=\"__1 _6\"></span> de Resultado con<span class=\"__1 _6\"></span>solidado<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span> Las <span class=\"__1 _6\"></span>dotaciones<span class=\"__1 _6\"></span> y<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>reversiones d<span class=\"__1 _6\"></span>e las<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>correcciones <span class=\"__1 _6\"></span>valorativas<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>por <span class=\"__1 _6\"></span>deterioro <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>valor <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>sald<span class=\"__1 _6\"></span>os <span class=\"__1 _6\"></span>comerciales <span class=\"__1 _6\"></span>a<span class=\"__1 _1bc\"> </span> cobrar <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>registran <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _4\"></span>ep\u00edgrafe <span class=\"__1 _4\"></span>\u201cDeterioro <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>valor <span class=\"__1 _4\"></span>sobre<span class=\"__1 _5\"></span> <span class=\"__1 _4\"></span>activos <span class=\"__1 _4\"></span>financieros\u201d <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>Estado <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>Resultado<span class=\"__1 _1bc\"> </span> consolidado. Re<span class=\"ls0_1\">gistro de baja<span class=\"__1 _6\"></span>s - </span>El <span class=\"__1 _6\"></span>Grupo <span class=\"__1 _6\"></span>reconoce <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>baj<span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>activo<span class=\"__1 _6\"></span>s <span class=\"__1 _6\"></span>financieros <span class=\"__1 _6\"></span>cuando<span class=\"__1 _6\"></span> expiran <span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>e han<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>cedido <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>derechos <span class=\"__1 _6\"></span>so<span class=\"__1 _6\"></span>bre los<span class=\"__1 _6\"></span> flujos <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>efectivo <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>corr<span class=\"__1 _6\"></span>espondiente <span class=\"__1 _8\"></span>activ<span class=\"__1 _6\"></span>o <span class=\"__1 _8\"></span>financiero <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>han<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>transferido <span class=\"__1 _8\"></span>su<span class=\"__1 _6\"></span>stancialmente <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>riesgos<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>y beneficios inherentes a su propiedad. La baja de un activo f<span class=\"__1 _5\"></span>inanciero implica e<span class=\"__1 _5\"></span>l reconocim<span class=\"__1 _6\"></span>iento en el <span class=\"__1 _5\"></span>Estado de Resultado consolidado de l<span class=\"__1 _5\"></span>a diferencia e<span class=\"__1 _5\"></span>xistente entre su valor contable y<span class=\"__1 _5\"></span> la <span class=\"__1 _5\"></span>suma de la<span class=\"__1 _5\"></span> contraprestaci\u00f3n recibida, <span class=\"__1 _5\"></span>neta <span class=\"__1 _5\"></span>de <span class=\"__1 _5\"></span>gastos de <span class=\"__1 _70\"></span>la transacci\u00f3n, <span class=\"__1 _5\"></span>incluy\u00e9ndose los a<span class=\"__1 _5\"></span>ctivos obtenidos <span class=\"__1 _5\"></span>o <span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>asivos <span class=\"__1 _70\"></span>as<span class=\"__1 _6\"></span>umidos <span class=\"__1 _5\"></span>y <span class=\"__1 _5\"></span>cualquier p\u00e9rdida o ganan<span class=\"__1 _6\"></span>cia diferida en otro resu<span class=\"__1 _6\"></span>ltado global.<span class=\"__1 _6\"></span> En <span class=\"__1 _c6\"> </span>este <span class=\"__1 _c6\"> </span>sentido,<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>el <span class=\"__1 _c8\"> </span>Grup<span class=\"__1 _6\"></span>o <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c6\"> </span>funci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>las <span class=\"__1 _c6\"> </span>necesidade<span class=\"__1 _6\"></span>s <span class=\"__1 _c6\"> </span>coyuntu<span class=\"__1 _6\"></span>rales <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>tesorer\u00eda <span class=\"__1 _c6\"> </span>realiza <span class=\"__1 _c6\"> </span>cesiones <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>e cr\u00e9ditos <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>clientes <span class=\"__1 _70\"></span>a entidades <span class=\"__1 _70\"></span>finan<span class=\"__1 _6\"></span>cieras <span class=\"__1 _70\"></span>(facto<span class=\"__1 _6\"></span>ring) <span class=\"__1 _70\"></span>y podr\u00e1 <span class=\"__1 _70\"></span>llevar <span class=\"__1 _70\"></span>a cabo <span class=\"__1 _70\"></span>titulizaciones <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>activos. <span class=\"__1 _5\"></span>En <span class=\"__1 _70\"></span>es<span class=\"__1 _6\"></span>tas cesiones <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c8\"> </span>derechos <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>cobro <span class=\"__1 _c6\"> </span>se <span class=\"__1 _c6\"> </span>transmiten <span class=\"__1 _c6\"> </span>sustan<span class=\"__1 _6\"></span>cialmente <span class=\"__1 _c8\"> </span>los <span class=\"__1 _c6\"> </span>riesgos <span class=\"__1 _c6\"> </span>y <span class=\"__1 _c6\"> </span>beneficios <span class=\"__1 _c6\"> </span>inherentes <span class=\"__1 _c8\"> </span>a <span class=\"__1 _c6\"> </span>las<span class=\"__1 _1bc\"> </span> cuentas <span class=\"__1 _c8\"></span>a <span class=\"__1 _4\"></span>cobrar, <span class=\"__1 _c8\"></span>as\u00ed <span class=\"__1 _4\"></span>como <span class=\"__1 _c8\"> </span>el <span class=\"__1 _c8\"></span>control <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>obre <span class=\"__1 _4\"></span>\u00e9stas<span class=\"__1 _6\"></span>, <span class=\"__1 _4\"></span>sin<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>que <span class=\"__1 _c8\"></span>existan <span class=\"__1 _4\"></span>pacto<span class=\"__1 _6\"></span>s <span class=\"__1 _4\"></span>de <span class=\"__1 _c8\"></span>recompra <span class=\"__1 _c8\"></span>susc<span class=\"__1 _8\"></span>ritos<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>con <span class=\"__1 _c8\"></span>las entidades <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>cr\u00e9dito <span class=\"__1 _8\"></span>(cesiones<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>sin <span class=\"__1 _4\"></span>recurso). <span class=\"__1 _8\"></span>Consecuentemente, <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>acuerdo <span class=\"__1 _4\"></span>con <span class=\"__1 _8\"></span>los <span class=\"__1 _4\"></span>crit<span class=\"__1 _70\"></span>erios<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>establecidos<span class=\"__1 _1bc\"> </span>por <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>NIIF, <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>dan <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>baja <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>Estado <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>Situaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>Financiera cons<span class=\"__1 _6\"></span>olidado <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>saldos <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>cobrar <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>deudores vendidos en la<span class=\"__1 _6\"></span>s condiciones i<span class=\"__1 _6\"></span>ndicadas.<span class=\"__1 _1bc\"> </span> Por <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>con<span class=\"__1 _6\"></span>trario, <span class=\"__1 _c8\"></span>el <span class=\"__1 _4\"></span>Grupo <span class=\"__1 _4\"></span>no<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>da <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>baja <span class=\"__1 _c8\"></span>los <span class=\"__1 _4\"></span>activos<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>financieros, <span class=\"__1 _c8\"></span>y <span class=\"__1 _4\"></span>reconoce <span class=\"__1 _4\"></span>u<span class=\"__1 _6\"></span>n <span class=\"__1 _4\"></span>pas<span class=\"__1 _6\"></span>ivo <span class=\"__1 _4\"></span>financiero <span class=\"__1 _4\"></span>p<span class=\"__1 _6\"></span>or <span class=\"__1 _4\"></span>un importe <span class=\"__1 _4\"></span>igual <span class=\"__1 _4\"></span>a <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>contrap<span class=\"__1 _6\"></span>restaci\u00f3n <span class=\"__1 _4\"></span>recibida, <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>las <span class=\"__1 _4\"></span>cesiones <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>activos <span class=\"__1 _4\"></span>f<span class=\"__1 _5\"></span>inancieros <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>las <span class=\"__1 _4\"></span>que <span class=\"__1 _8\"></span>se <span class=\"__1 _4\"></span>retenga sustancialmente los<span class=\"__1 _6\"></span> riesgos y beneficios<span class=\"__1 _6\"></span> inherentes a s<span class=\"__1 _6\"></span>u propiedad.<span class=\"__1 _1bc\"> </span>Pasivos financieros <span class=\"__1 _6\"></span> Son <span class=\"__1 _6\"></span>pasivos <span class=\"__1 _6\"></span>financieros <span class=\"__1 _6\"></span>aquellos<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>d\u00e9bitos <span class=\"__1 _6\"></span>y par<span class=\"__1 _6\"></span>tidas <span class=\"__1 _6\"></span>a pagar <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>tiene el <span class=\"__1 _6\"></span>Grupo<span class=\"__1 _6\"></span> y <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>han <span class=\"__1 _6\"></span>originado <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>la compra de <span class=\"__1 _70\"></span>bi<span class=\"__1 _6\"></span>enes y <span class=\"__1 _5\"></span>servicios por operaciones de <span class=\"__1 _70\"></span>tr\u00e1<span class=\"__1 _6\"></span>fico de la <span class=\"__1 _5\"></span>empresa, o <span class=\"__1 _5\"></span>tambi\u00e9n aquellos que<span class=\"__1 _6\"></span>, sin tener <span class=\"__1 _70\"></span>un<span class=\"__1 _1bc\"> </span>origen <span class=\"__1 _4\"></span>comercial, <span class=\"__1 _8\"></span>n<span class=\"__1 _6\"></span>o <span class=\"__1 _4\"></span>pueden <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>er <span class=\"__1 _8\"></span>con<span class=\"__1 _6\"></span>siderados <span class=\"__1 _4\"></span>como <span class=\"__1 _8\"></span>in<span class=\"__1 _6\"></span>strumentos <span class=\"__1 _4\"></span>financieros <span class=\"__1 _4\"></span>derivados, <span class=\"__1 _4\"></span>principalmente, deudas con en<span class=\"__1 _6\"></span>tidades de cr\u00e9dito, bon<span class=\"__1 _6\"></span>os emitidos, etc.<span class=\"__1 _1bc\"> </span>ENCE <span class=\"__1 _4\"></span>clasifica <span class=\"__1 _8\"></span>su<span class=\"__1 _6\"></span>s <span class=\"__1 _8\"></span>pas<span class=\"__1 _6\"></span>ivos <span class=\"__1 _4\"></span>fin<span class=\"__1 _5\"></span>ancieros <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>las <span class=\"__1 _4\"></span>siguientes <span class=\"__1 _4\"></span>cate<span class=\"__1 _5\"></span>gor\u00edas, <span class=\"__1 _4\"></span>con <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>osteriorida<span class=\"__1 _8\"></span>d <span class=\"__1 _8\"></span>a <span class=\"__1 _4\"></span>su <span class=\"__1 _8\"></span>reconocimiento<span class=\"__1 _6\"></span> inicial; 1) <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>cos<span class=\"__1 _6\"></span>te <span class=\"__1 _6\"></span>amortizado, <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>2) <span class=\"__1 _6\"></span>a valor <span class=\"__1 _6\"></span>ra<span class=\"__1 _6\"></span>zonable con<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>cambios en <span class=\"__1 _6\"></span>res<span class=\"__1 _6\"></span>ultados. <span class=\"__1 _6\"></span>En <span class=\"__1 _6\"></span>esta \u00fa<span class=\"__1 _6\"></span>ltima cat<span class=\"__1 _6\"></span>egor\u00eda s<span class=\"__1 _6\"></span>e recogen b<span class=\"__1 _6\"></span>\u00e1sicamente <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>contra<span class=\"__1 _6\"></span>prestaciones <span class=\"__1 _6\"></span>contin<span class=\"__1 _6\"></span>gentes qu<span class=\"__1 _6\"></span>e s<span class=\"__1 _6\"></span>e p<span class=\"__1 _6\"></span>uedan <span class=\"__1 _6\"></span>originar <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>las comb<span class=\"__1 _6\"></span>inaciones <span class=\"__1 _6\"></span>de negocios, <span class=\"__1 _4\"></span>as\u00ed <span class=\"__1 _8\"></span>como <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>in<span class=\"__1 _5\"></span>strumentos <span class=\"__1 _4\"></span>financieros <span class=\"__1 _8\"></span>derivad<span class=\"__1 _6\"></span>os <span class=\"__1 _4\"></span>que <span class=\"__1 _8\"></span>no <span class=\"__1 _4\"></span>son <span class=\"__1 _8\"></span>designados <span class=\"__1 _4\"></span>como <span class=\"__1 _8\"></span>instrumentos <span class=\"__1 _4\"></span>de cobertura de acuerdo co<span class=\"__1 _6\"></span>n NIIF 9 <span class=\"__1 _6\"></span><span class=\"ff6\">\u2013</span> Instrumentos<span class=\"__1 _6\"></span> Financieros<span class=\"__1 _6\"></span>.  ENCE da <span class=\"__1 _70\"></span>de baja <span class=\"__1 _70\"></span>un pasivo <span class=\"__1 _70\"></span>financiero o <span class=\"__1 _70\"></span>una parte <span class=\"__1 _70\"></span>del mismo <span class=\"__1 _70\"></span>cuan<span class=\"__1 _6\"></span>do ha <span class=\"__1 _70\"></span>cumplido con <span class=\"__1 _70\"></span>la obligaci\u00f3n <span class=\"__1 _70\"></span>contenida<span class=\"__1 _6\"></span> en el pasivo o<span class=\"__1 _6\"></span> bien est\u00e9 legalmente dispensad<span class=\"__1 _6\"></span>o de la respon<span class=\"__1 _6\"></span>sabilidad p<span class=\"__1 _6\"></span>rincipal contenida en el pas<span class=\"__1 _6\"></span>ivo.<span class=\"__1 _6\"></span> Obligaciones, bo<span class=\"__1 _6\"></span>nos y deudas con e<span class=\"__1 _6\"></span>ntidades de cr\u00e9dito<span class=\"__1 _8\"></span>- Los p<span class=\"__1 _6\"></span>r\u00e9stamos, <span class=\"__1 _6\"></span>obligaciones <span class=\"__1 _6\"></span>y similares <span class=\"__1 _6\"></span>se r<span class=\"__1 _6\"></span>egistran <span class=\"__1 _6\"></span>inicialmente a <span class=\"__1 _6\"></span>valor <span class=\"__1 _6\"></span>razonab<span class=\"__1 _6\"></span>le, valor <span class=\"__1 _6\"></span>que n<span class=\"__1 _6\"></span>ormalmente coincide con el efectiv<span class=\"__1 _6\"></span>o recibido, n<span class=\"__1 _6\"></span>eto de los costes<span class=\"__1 _6\"></span> incurridos en la tran<span class=\"__1 _6\"></span>sacci\u00f3n. En periodos<span class=\"__1 _6\"></span> posteriores, la totalidad de estas d<span class=\"__1 _6\"></span>eudas se valora a su coste amortizad<span class=\"__1 _6\"></span>o, utilizando el m\u00e9todo del tipo de inter\u00e9s efectivo. Los gastos finan<span class=\"__1 _6\"></span>cieros as\u00ed como los<span class=\"__1 _6\"></span> costes de estructuraci\u00f3n, s<span class=\"__1 _6\"></span>e registran seg\u00fan el criterio del devengo en el Estado de Resultad<span class=\"__1 _6\"></span>o consolidado utiliza<span class=\"__1 _6\"></span>ndo el m\u00e9todo del inter\u00e9s efe<span class=\"__1 _6\"></span>ctivo. En <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>emisi\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>bo<span class=\"__1 _6\"></span>nos <span class=\"__1 _8\"></span>convertibles, <span class=\"__1 _4\"></span>ENCE <span class=\"__1 _8\"></span>analiza <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>i <span class=\"__1 _8\"></span>se <span class=\"__1 _4\"></span>tr<span class=\"__1 _5\"></span>ata <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>una <span class=\"__1 _8\"></span>emisi\u00f3n <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>instrumentos <span class=\"__1 _8\"></span>finan<span class=\"__1 _6\"></span>ciero<span class=\"__1 _8\"></span><span class=\"ls20\">s </span>compuestos, o <span class=\"__1 _bf\"></span>por e<span class=\"__1 _5\"></span>l <span class=\"__1 _70\"></span>contra<span class=\"__1 _6\"></span>rio, <span class=\"__1 _70\"></span>se <span class=\"__1 _70\"></span>trata <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>la <span class=\"__1 _70\"></span>emisi\u00f3n de <span class=\"__1 _70\"></span>un <span class=\"__1 _70\"></span>pasivo. <span class=\"__1 _70\"></span>En la<span class=\"__1 _5\"></span> <span class=\"__1 _70\"></span>emisi\u00f3n <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>instrumentos <span class=\"__1 _70\"></span>finan<span class=\"__1 _6\"></span>cieros compuestos <span class=\"__1 _8\"></span>con<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>componentes <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>pas<span class=\"__1 _6\"></span>ivo <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>patrimonio, <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>componente <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>patrimonio <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>determina <span class=\"__1 _8\"></span>por <span class=\"__1 _8\"></span>el<span class=\"__1 _6\"></span> importe residual que s<span class=\"__1 _6\"></span>e obtiene, des<span class=\"__1 _6\"></span>pu\u00e9s de <span class=\"__1 _6\"></span>deducir del v<span class=\"__1 _6\"></span>alor razonable del ins<span class=\"__1 _6\"></span>trumento en<span class=\"__1 _6\"></span> su conju<span class=\"__1 _6\"></span>nto, el importe del componente de pasivo. Por su parte, el componente de pasivo se determina estiman<span class=\"__1 _6\"></span>do el valor razonable <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>un <span class=\"__1 _c6\"> </span>instru<span class=\"__1 _6\"></span>mento <span class=\"__1 _c6\"> </span>similar <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c6\"> </span>fecha <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>emisi\u00f3n, <span class=\"__1 _ca\"> </span>que <span class=\"__1 _c8\"> </span>no <span class=\"__1 _ca\"> </span>lleve <span class=\"__1 _c8\"> </span>as<span class=\"__1 _6\"></span>ociado <span class=\"__1 _c6\"> </span>el <span class=\"__1 _c6\"> </span>comp<span class=\"__1 _6\"></span>onente <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>e patrimonio. <span class=\"__1 _c9\"> </span>Los <span class=\"__1 _cd\"> </span>costes <span class=\"__1 _c9\"> </span>de <span class=\"__1 _c9\"> </span>tran<span class=\"__1 _6\"></span>sacci\u00f3n <span class=\"__1 _c9\"> </span>relacionad<span class=\"__1 _6\"></span>os <span class=\"__1 _c9\"> </span>con <span class=\"__1 _c9\"> </span>la <span class=\"__1 _c9\"> </span>e<span class=\"__1 _6\"></span>misi\u00f3n <span class=\"__1 _c9\"> </span>de <span class=\"__1 _c9\"> </span>los <span class=\"__1 _cd\"> </span>instrumentos<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>financieros compuestos <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>distribuyen <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>funci\u00f3n <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>v<span class=\"__1 _6\"></span>alor <span class=\"__1 _4\"></span>contable <span class=\"__1 _4\"></span>relativo <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>cada <span class=\"__1 _4\"></span>uno <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>componentes <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>el momento de la clasificaci\u00f3n. <span class=\"__1 _8\"></span> Las <span class=\"__1 _c8\"></span>operaciones <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"></span>refinanciaci\u00f3n <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"></span>deuda <span class=\"__1 _c8\"></span>financiera <span class=\"__1 _c8\"></span>se <span class=\"__1 _c8\"></span>contabilizan <span class=\"__1 _c8\"> </span>como <span class=\"__1 _c8\"> </span>una <span class=\"__1 _c8\"> </span>cancelaci\u00f3n <span class=\"__1 _c8\"> </span>del <span class=\"__1 _c8\"></span>pasivo<span class=\"__1 _6\"></span> financiero original y el reconocimiento de un nuevo pasivo financiero, siempre que los instrumentos tengan condiciones <span class=\"__1 _4\"></span>su<span class=\"__1 _6\"></span>stancialmente <span class=\"__1 _4\"></span>diferent<span class=\"__1 _6\"></span>es. <span class=\"__1 _4\"></span>Esto <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>pro<span class=\"__1 _6\"></span>duce <span class=\"__1 _4\"></span>cuan<span class=\"__1 _6\"></span>do <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>valor <span class=\"__1 _4\"></span>actual <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>flujos <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>efectivo descontados<span class=\"__1 _6\"></span> bajo <span class=\"__1 _5\"></span>las <span class=\"__1 _5\"></span>nuevas condiciones, incluyendo cualquier <span class=\"__1 _70\"></span>comis<span class=\"__1 _6\"></span>i\u00f3n pagada neta <span class=\"__1 _70\"></span>de cualquier comisi\u00f3n recibida, y utilizando para hacer el <span class=\"__1 _5\"></span>descuento el tipo de inter\u00e9s efectivo original, difiere al menos<span class=\"__1 _6\"></span> en un 10% del valor actual descontado de los flujos de <span class=\"__1 _5\"></span>efectivo que todav\u00eda resten del pasivo financiero original. Por <span class=\"__1 _5\"></span>su parte, <span class=\"__1 _c8\"> </span>los<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>cos<span class=\"__1 _6\"></span>tes <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"> </span>estructuraci\u00f3n <span class=\"__1 _c6\"> </span>pendientes <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>imputar <span class=\"__1 _c8\"> </span>a <span class=\"__1 _c6\"> </span>resultad<span class=\"__1 _6\"></span>os <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c6\"> </span>financiaci\u00f3n <span class=\"__1 _c8\"> </span>can<span class=\"__1 _6\"></span>celada <span class=\"__1 _c8\"> </span>s<span class=\"__1 _6\"></span>e imputan \u00edntegramente a r<span class=\"__1 _6\"></span>esultad<span class=\"__1 _6\"></span>os en el momento de la ca<span class=\"__1 _6\"></span>ncelaci\u00f3n.<span class=\"__1 _1bc\"> </span>Si la operaci\u00f3n de<span class=\"__1 _5\"></span> refinanciaci\u00f3n no cumple <span class=\"__1 _5\"></span>los criterios descritos para <span class=\"__1 _5\"></span>registrarse como una cancelaci\u00f3n del<span class=\"__1 _70\"></span> pasivo <span class=\"__1 _c9\"> </span>financiero <span class=\"__1 _c9\"> </span>original, <span class=\"__1 _c9\"> </span>los <span class=\"__1 _c9\"> </span>flujos <span class=\"__1 _c9\"> </span>modificados <span class=\"__1 _c9\"> </span>se <span class=\"__1 _c9\"> </span>descu<span class=\"__1 _6\"></span>entan <span class=\"__1 _c9\"> </span>al <span class=\"__1 _c9\"> </span>tipo <span class=\"__1 _c9\"> </span>de <span class=\"__1 _cb\"> </span>inter<span class=\"__1 _6\"></span>\u00e9s <span class=\"__1 _c9\"> </span>efectivo <span class=\"__1 _c9\"> </span>original, re<span class=\"ls0_1\">conociendo <span class=\"__1 _4\"></span>en <span class=\"__1 _c8\"></span>resultados <span class=\"__1 _c8\"></span>cualquier <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>iferencia <span class=\"__1 _4\"></span>con <span class=\"__1 _c8\"></span>el <span class=\"__1 _4\"></span>valor <span class=\"__1 _c8\"></span>contable <span class=\"__1 _4\"></span>p<span class=\"__1 _6\"></span>revio. <span class=\"__1 _4\"></span>Los <span class=\"__1 _c8\"> </span>gastos <span class=\"__1 _4\"></span>finan<span class=\"__1 _6\"></span>cieros, <span class=\"__1 _4\"></span>as\u00ed </span>como <span class=\"__1 _4\"></span>los <span class=\"__1 _c8\"></span>costes <span class=\"__1 _4\"></span>de <span class=\"__1 _c8\"></span>estructuraci\u00f3n, <span class=\"__1 _4\"></span>se <span class=\"__1 _c8\"></span>registran <span class=\"__1 _4\"></span>seg\u00fan <span class=\"__1 _c8\"></span>el <span class=\"__1 _4\"></span>criterio <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>devengo <span class=\"__1 _c8\"> </span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _c8\"></span>Estado <span class=\"__1 _4\"></span>de <span class=\"__1 _c8\"></span>Resultado consolidado u<span class=\"__1 _6\"></span>tilizando el m\u00e9todo d<span class=\"__1 _6\"></span>el inter\u00e9s efe<span class=\"__1 _6\"></span>ctivo. La recompras de instrumentos de deuda im<span class=\"__1 _5\"></span>plica que la deuda queda e<span class=\"__1 _5\"></span>xtinguida, incluso en el <span class=\"__1 _5\"></span>caso de que <span class=\"__1 _5\"></span>el emisor intente revenderlo en <span class=\"__1 _6\"></span>un futu<span class=\"__1 _6\"></span>ro inmediato.<span class=\"__1 _6\"></span> Acreedores comerciale<span class=\"__1 _6\"></span>s y otras cuentas a<span class=\"__1 _6\"></span> pagar<span class=\"__1 _1bc\"> </span>Los <span class=\"__1 _c6\"> </span>acreedores <span class=\"__1 _c6\"> </span>comerciales <span class=\"__1 _c6\"> </span>y<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>otras <span class=\"__1 _c6\"> </span>cuentas <span class=\"__1 _c6\"> </span>a <span class=\"__1 _ca\"> </span>pagar <span class=\"__1 _c6\"> </span>derivados <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>operaciones <span class=\"__1 _c6\"> </span>comerciales <span class=\"__1 _c6\"> </span>s<span class=\"__1 _6\"></span>on <span class=\"__1 _c6\"> </span>pasivos financieros <span class=\"__1 _70\"></span>que <span class=\"__1 _70\"></span>en <span class=\"__1 _70\"></span>su<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>mayor <span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>arte <span class=\"__1 _70\"></span>presentan <span class=\"__1 _70\"></span>vencimiento<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>a <span class=\"__1 _70\"></span>corto<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>plazo <span class=\"__1 _70\"></span>y <span class=\"__1 _70\"></span>no <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>evengan <span class=\"__1 _70\"></span>intereses. <span class=\"__1 _70\"></span>Es<span class=\"__1 _6\"></span>tos <span class=\"__1 _70\"></span>sald<span class=\"__1 _6\"></span>os se registran inicialment<span class=\"__1 _6\"></span>e a su valor razon<span class=\"__1 _6\"></span>able y posteriormente a s<span class=\"__1 _6\"></span>u coste amortizad<span class=\"__1 _6\"></span>o.<span class=\"__1 _1bc\"> </span>El Grupo tiene contratadas con diversas entidades financieras operaciones de confirming <span class=\"__1 _5\"></span>para la gesti\u00f3n del pago a los proveedores. Los pasivos comerciales cuya liquidaci\u00f3n se encuentra gestionada por las entidades financieras se muestran <span class=\"__1 _5\"></span>en la <span class=\"__1 _5\"></span>partida de <span class=\"__1 _5\"></span>\u201c<span class=\"ff4\">Ac</span>re<span class=\"__1 _6\"></span>edores comerciales y <span class=\"__1 _70\"></span>otra<span class=\"__1 _6\"></span>s cuentas a <span class=\"__1 _70\"></span>paga<span class=\"__1 _6\"></span>r\u201d, y <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>e clasifican <span class=\"__1 _5\"></span>en el Estado de Flujos de Efectivo consolidado como flujos de e<span class=\"__1 _5\"></span>xplotaci\u00f3n, en la medida en que <span class=\"__1 _5\"></span>ENCE s\u00f3lo haya cedido la gesti\u00f3n de pago a<span class=\"__1 _5\"></span> las e<span class=\"__1 _5\"></span>ntidades financieras, manteni\u00e9ndose como obligado <span class=\"__1 _6\"></span>primario al pago de las<span class=\"__1 _5\"></span> deudas frente <span class=\"__1 _5\"></span>a lo<span class=\"__1 _5\"></span>s acreedores <span class=\"__1 _70\"></span>comerciales (confirming sin <span class=\"__1 _5\"></span>recurso). En <span class=\"__1 _70\"></span>caso de <span class=\"__1 _5\"></span>que el <span class=\"__1 _70\"></span>obligado primario <span class=\"__1 _5\"></span>sea una entidad fin<span class=\"__1 _6\"></span>anciera, estas cesiones s<span class=\"__1 _6\"></span>e tratan como deudas<span class=\"__1 _6\"></span> con entidad<span class=\"__1 _6\"></span>es de cr\u00e9dito.<span class=\"__1 _8\"></span> Instrumento<span class=\"__1 _6\"></span>s de Patrimonio Un  instrumento  de <span class=\"__1 _c6\"> </span>pat<span class=\"__1 _6\"></span>rimonio  representa  una <span class=\"__1 _ca\"> </span>participaci\u00f3n  residual  en <span class=\"__1 _ca\"> </span>el  patrimonio  de <span class=\"__1 _ca\"> </span>la  Sociedad Dominante, una v<span class=\"__1 _6\"></span>ez deducidos t<span class=\"__1 _6\"></span>odos sus pas<span class=\"__1 _6\"></span>ivos. Los <span class=\"__1 _8\"></span>instrumentos <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>cap<span class=\"__1 _6\"></span>ital <span class=\"__1 _6\"></span>emitidos<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>or <span class=\"__1 _8\"></span>ENCE <span class=\"__1 _6\"></span>se <span class=\"__1 _8\"></span>registran <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>patrimonio <span class=\"__1 _8\"></span>neto <span class=\"__1 _8\"></span>por <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>importe <span class=\"__1 _6\"></span>recibido,<span class=\"__1 _6\"></span> neto de los gas<span class=\"__1 _6\"></span>tos de emisi\u00f3n. Las acciones p<span class=\"__1 _6\"></span>ropias que adquiere ENCE se registran a su coste de adquis<span class=\"__1 _6\"></span>ici\u00f3n, y se presentan minorando el patrimonio neto. Los resu<span class=\"__1 _6\"></span>ltados derivados de la compra, venta, emisi\u00f3n o amortizaci\u00f3n de los instru<span class=\"__1 _6\"></span>mentos del <span class=\"__1 _8\"></span>patrimonio <span class=\"__1 _4\"></span>propio <span class=\"__1 _8\"></span>se <span class=\"__1 _4\"></span>reconocen <span class=\"__1 _8\"></span>directamente <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>atrimonio <span class=\"__1 _8\"></span>neto,<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>sin <span class=\"__1 _8\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>ning\u00fan <span class=\"__1 _4\"></span>caso <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>registre resultado algun<span class=\"__1 _6\"></span>o en el Estado de Resultado co<span class=\"__1 _6\"></span>nsolidado.<span class=\"__1 _6\"></span> La <span class=\"__1 _4\"></span>amortizaci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>acciones <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>EN<span class=\"__1 _6\"></span>CE, <span class=\"__1 _4\"></span>da <span class=\"__1 _8\"></span>lugar <span class=\"__1 _4\"></span>a <span class=\"__1 _8\"></span>u<span class=\"__1 _6\"></span>na <span class=\"__1 _4\"></span>reducci<span class=\"__1 _5\"></span>\u00f3n <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>capital <span class=\"__1 _4\"></span>por <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>importe <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>n<span class=\"__1 _6\"></span>ominal <span class=\"__1 _4\"></span>de dichas acciones y la diferencia positiva o negativa entre el precio <span class=\"__1 _5\"></span>de adquisici\u00f3n y el nominal de las acciones se carga o abon<span class=\"__1 _6\"></span>a a cuentas de reservas<span class=\"__1 _6\"></span>. Los <span class=\"__1 _6\"></span>div<span class=\"__1 _6\"></span>idendos <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>cuenta <span class=\"__1 _8\"></span>del <span class=\"__1 _6\"></span>resultado <span class=\"__1 _8\"></span>del <span class=\"__1 _6\"></span>ejercicio, <span class=\"__1 _6\"></span>as\u00ed <span class=\"__1 _8\"></span>como los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>dividend<span class=\"__1 _6\"></span>os <span class=\"__1 _6\"></span>complementarios <span class=\"__1 _8\"></span>pagados <span class=\"__1 _6\"></span>por ENCE minoran el P<span class=\"__1 _6\"></span>atrimonio Neto en el mo<span class=\"__1 _6\"></span>mento de su ap<span class=\"__1 _6\"></span>robaci\u00f3n.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> 3.8<span class=\"ff5\"> <span class=\"__1 _cc\"> </span></span><span class=\"fc3\">Instrumentos finan<span class=\"__1 _5\"></span>cieros derivado<span class=\"__1 _5\"></span>s y operaciones de <span class=\"__1 _5\"></span>cobertura </span>Las actividades del Grupo lo <span class=\"__1 _5\"></span>exponen principalmente a riesgos financieros y <span class=\"__1 _5\"></span>de mercado de<span class=\"__1 _5\"></span>rivados de; 1) las variaciones de los tipos de ca<span class=\"__1 _5\"></span>mbio d\u00f3lar/euro que afectan principalmente a sus ventas de <span class=\"__1 _5\"></span>celulosa al cotizar el <span class=\"__1 _6\"></span>precio <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>pasta <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>papel <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>mercado <span class=\"__1 _6\"></span>internacional <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>d\u00f3lares, <span class=\"__1 _8\"></span>2) <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>propias <span class=\"__1 _8\"></span>variaciones <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>tip<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>de cambio por <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>ventas <span class=\"__1 _6\"></span>en div<span class=\"__1 _6\"></span>isa, 3) <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>variaciones <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el pr<span class=\"__1 _6\"></span>ecio d<span class=\"__1 _6\"></span>e la c<span class=\"__1 _6\"></span>elulo<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>a, d<span class=\"__1 _6\"></span>el fuel<span class=\"__1 _6\"></span>-oil, <span class=\"__1 _6\"></span>el gas <span class=\"__1 _6\"></span>y la <span class=\"__1 _6\"></span>energ\u00eda<span class=\"__1 _6\"></span> el\u00e9ctrica, <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>4) <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>evoluci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>tipos <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>in<span class=\"__1 _6\"></span>ter\u00e9s. <span class=\"__1 _4\"></span>Para <span class=\"__1 _4\"></span>cubrir <span class=\"__1 _4\"></span>estas <span class=\"__1 _4\"></span>exposiciones <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>Gru<span class=\"__1 _6\"></span>po <span class=\"__1 _4\"></span>puede <span class=\"__1 _4\"></span>utilizar<span class=\"__1 _1bc\"> </span>instrumentos <span class=\"__1 _4\"></span>financieros <span class=\"__1 _4\"></span>derivados<span class=\"__1 _6\"></span>. <span class=\"__1 _4\"></span>No <span class=\"__1 _8\"></span>es <span class=\"__1 _4\"></span>pol\u00edtica <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>ENCE <span class=\"__1 _8\"></span>con<span class=\"__1 _6\"></span>tratar <span class=\"__1 _4\"></span>instrumentos <span class=\"__1 _4\"></span>financieros <span class=\"__1 _4\"></span>derivados<span class=\"__1 _1bc\"> </span>con fines especulativo<span class=\"__1 _6\"></span>s.<span class=\"__1 _1bc\"> </span>Estos <span class=\"__1 _cb\"> </span>instrumentos <span class=\"__1 _cb\"> </span>financieros <span class=\"__1 _cb\"> </span>se  v<span class=\"__1 _6\"></span>aloran <span class=\"__1 _cb\"> </span>en  to<span class=\"__1 _6\"></span>do <span class=\"__1 _cb\"> </span>momento <span class=\"__1 _cb\"> </span>a  su <span class=\"__1 _cb\"> </span>valor <span class=\"__1 _cb\"> </span>razonable, <span class=\"__1 _cb\"> </span>registr\u00e1ndose <span class=\"__1 _cb\"> </span>las<span class=\"__1 _1bc\"> </span>variaciones <span class=\"__1 _5\"></span>en <span class=\"__1 _70\"></span>el <span class=\"__1 _70\"></span>ep\u00edgraf<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>\u201cIns<span class=\"__1 _6\"></span>trumentos <span class=\"__1 _5\"></span>financieros <span class=\"__1 _70\"></span>derivad<span class=\"__1 _6\"></span>os\u201d <span class=\"__1 _5\"></span>del <span class=\"__1 _70\"></span>pas<span class=\"__1 _6\"></span>ivo <span class=\"__1 _70\"></span>del <span class=\"__1 _70\"></span>Es<span class=\"__1 _6\"></span>tado <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>Situaci\u00f3n <span class=\"__1 _5\"></span>Financiera<span class=\"__1 _1bc\"> </span>consolidado s<span class=\"__1 _6\"></span>i son negativas<span class=\"__1 _6\"></span><span class=\"ff6\">, y como \u201cActivos finan<span class=\"__1 _6\"></span>cieros \u2013</span> <span class=\"ff6\">Derivado<span class=\"__1 _6\"></span>s de cobertura\u201d s<span class=\"__1 _6\"></span>i son positiv<span class=\"__1 _6\"></span>as. </span>Los <span class=\"__1 _6\"></span>beneficios <span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>p\u00e9rdidas<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e dichas<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>fluctuaciones <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>registran <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>Estad<span class=\"__1 _6\"></span>o de <span class=\"__1 _6\"></span>Resultad<span class=\"__1 _6\"></span>o<span class=\"__1 _8\"></span> consolida<span class=\"__1 _6\"></span>do <span class=\"__1 _6\"></span>como<span class=\"__1 _1bc\"> </span>un re<span class=\"__1 _5\"></span>sultado financiero, <span class=\"__1 _70\"></span>salv<span class=\"__1 _6\"></span>o <span class=\"__1 _70\"></span>que e<span class=\"__1 _5\"></span>l <span class=\"__1 _5\"></span>derivado o <span class=\"__1 _70\"></span>una parte <span class=\"__1 _70\"></span>del <span class=\"__1 _5\"></span>mismo <span class=\"__1 _70\"></span>h<span class=\"__1 _6\"></span>aya sido <span class=\"__1 _70\"></span>designa<span class=\"__1 _6\"></span>do <span class=\"__1 _70\"></span>como instrumento<span class=\"__1 _1bc\"> </span>de cobertura y \u00e9sta<span class=\"__1 _6\"></span> sea altamente efectiva, en<span class=\"__1 _6\"></span> cuyo caso s<span class=\"__1 _6\"></span>u registro es el siguiente: 1.<span class=\"ls0_1\"> <span class=\"__1 _a8\"> </span>Coberturas de <span class=\"__1 _6\"></span>valor ra<span class=\"__1 _6\"></span>zonable: el <span class=\"__1 _6\"></span>elemento cubierto <span class=\"__1 _6\"></span>se <span class=\"__1 _8\"></span>valora <span class=\"__1 _6\"></span>por <span class=\"__1 _6\"></span>su valor <span class=\"__1 _6\"></span>razonab<span class=\"__1 _6\"></span>le al igual <span class=\"__1 _6\"></span>que el<span class=\"__1 _1bc\"> </span></span>instrumento <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>cobertura<span class=\"__1 _6\"></span>, <span class=\"__1 _70\"></span>registr\u00e1nd<span class=\"__1 _6\"></span>ose <span class=\"__1 _70\"></span>las <span class=\"__1 _5\"></span>variaciones <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>valor <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>ambos <span class=\"__1 _70\"></span>en e<span class=\"__1 _5\"></span>l <span class=\"__1 _70\"></span>Estado <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>Resultado<span class=\"__1 _1bc\"> </span>consolidado<span class=\"__1 _6\"></span><span class=\"ls17\">. </span>2.<span class=\"ls0_1\"> <span class=\"__1 _a8\"> </span>Coberturas de <span class=\"__1 _70\"></span>flujos<span class=\"__1 _6\"></span> de <span class=\"__1 _70\"></span>efectivo: la <span class=\"__1 _5\"></span>parte ef<span class=\"__1 _5\"></span>icaz de <span class=\"__1 _70\"></span>los cambios en <span class=\"__1 _70\"></span>el valor <span class=\"__1 _5\"></span>razonable de <span class=\"__1 _5\"></span>los<span class=\"__1 _6\"></span> derivados<span class=\"__1 _1bc\"> </span></span>que se <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>esignan y <span class=\"__1 _70\"></span>califican como coberturas de <span class=\"__1 _70\"></span>flujos de ef<span class=\"__1 _5\"></span>ectivo se <span class=\"__1 _70\"></span>recon<span class=\"__1 _6\"></span>oce <span class=\"__1 _5\"></span>en el <span class=\"__1 _70\"></span>ep\u00edgrafe \u201cAjustes<span class=\"__1 _1bc\"> </span>en <span class=\"__1 _c6\"> </span>p<span class=\"__1 _6\"></span>atrimonio  por<span class=\"__1 _5\"></span> <span class=\"__1 _ca\"> </span>valoraci\u00f3n\u201d <span class=\"__1 _ca\"> </span>del  \u201cEstado <span class=\"__1 _c6\"> </span>de  Resultado <span class=\"__1 _c6\"> </span>Global  consolidado\u201d. <span class=\"__1 _c6\"> </span>La  ganancia <span class=\"__1 _c6\"> </span>o  la<span class=\"__1 _1bc\"> </span>p\u00e9rdida <span class=\"__1 _4\"></span>relacionada <span class=\"__1 _4\"></span>con <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>parte <span class=\"__1 _4\"></span>ineficaz <span class=\"__1 _8\"></span>se <span class=\"__1 _4\"></span>recon<span class=\"__1 _6\"></span>oce <span class=\"__1 _4\"></span>inmediatamente <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _4\"></span>Estado <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>Resu<span class=\"__1 _6\"></span>ltado<span class=\"__1 _1bc\"> </span>consolidado,<span class=\"__1 _6\"></span> <span class=\"ff6\">en el ep\u00edgrafe \u201cVariaci\u00f3n<span class=\"__1 _6\"></span> en valor razon<span class=\"__1 _6\"></span>able de instru<span class=\"__1 _6\"></span>mentos financieros\u201d<span class=\"__1 _6\"></span></span><span class=\"ls17\">. </span>Cuando <span class=\"__1 _ca\"> </span>los <span class=\"__1 _c6\"> </span>con<span class=\"__1 _6\"></span>tratos <span class=\"__1 _ca\"> </span>de <span class=\"__1 _c6\"> </span>opci\u00f3n <span class=\"__1 _c6\"> </span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _c6\"> </span>usan<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>para  cubrir <span class=\"__1 _c6\"> </span>transacciones <span class=\"__1 _c6\"> </span>p<span class=\"__1 _6\"></span>revistas,  e<span class=\"__1 _5\"></span>l <span class=\"__1 _c6\"> </span>grupo <span class=\"__1 _ca\"> </span>eval\u00faa <span class=\"__1 _c6\"> </span>s<span class=\"__1 _6\"></span>i <span class=\"__1 _c6\"> </span>dichas<span class=\"__1 _1bc\"> </span>transacciones  son <span class=\"__1 _c6\"> </span>al<span class=\"__1 _6\"></span>tamente <span class=\"__1 _c6\"> </span>p<span class=\"__1 _6\"></span>robables, <span class=\"__1 _ca\"> </span>y  e<span class=\"__1 _5\"></span>n <span class=\"__1 _ca\"> </span>ese <span class=\"__1 _c6\"> </span>caso  designa <span class=\"__1 _c6\"> </span>tanto<span class=\"__1 _6\"></span> <span class=\"__1 _ca\"> </span>el <span class=\"__1 _c6\"> </span>valo<span class=\"__1 _6\"></span>r <span class=\"__1 _c6\"> </span>intr\u00ednseco  como <span class=\"__1 _c6\"> </span>el <span class=\"__1 _ca\"> </span>valor<span class=\"__1 _1bc\"> </span>temporal del contrato d<span class=\"__1 _6\"></span>e opci\u00f3n como in<span class=\"__1 _6\"></span>strumento de cob<span class=\"__1 _6\"></span>ertura.<span class=\"__1 _6\"></span> Al <span class=\"__1 _6\"></span>inicio <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>cobertura, <span class=\"__1 _6\"></span>EN<span class=\"__1 _6\"></span>CE <span class=\"__1 _8\"></span>designa <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>documenta <span class=\"__1 _6\"></span>formalmente<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>las <span class=\"__1 _8\"></span>relaciones <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>cobertura, <span class=\"__1 _8\"></span>as\u00ed <span class=\"__1 _6\"></span>como <span class=\"__1 _8\"></span>el<span class=\"__1 _1bc\"> </span>objetivo y la <span class=\"__1 _70\"></span>estrategia que asume <span class=\"__1 _70\"></span>con respecto a <span class=\"__1 _5\"></span>las mismas. La <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>ocumentaci\u00f3n incluye <span class=\"__1 _5\"></span>la identificaci\u00f3n <span class=\"__1 _5\"></span>del<span class=\"__1 _1bc\"> </span>instrumento de cob<span class=\"__1 _6\"></span>ertura, la partida cubierta,<span class=\"__1 _6\"></span> la naturaleza del riesgo cubierto y la forma <span class=\"__1 _6\"></span>en la que se mide<span class=\"__1 _1bc\"> </span>la eficacia de la cobertu<span class=\"__1 _6\"></span>ra. Igualmente, al <span class=\"__1 _70\"></span>in<span class=\"__1 _6\"></span>icio de <span class=\"__1 _70\"></span>la cobertura y <span class=\"__1 _5\"></span>de f<span class=\"__1 _5\"></span>orma continua ENCE <span class=\"__1 _70\"></span>eval\u00fa<span class=\"__1 _6\"></span>a si <span class=\"__1 _70\"></span>la cobertura es <span class=\"__1 _70\"></span>efi<span class=\"__1 _6\"></span>caz. Dicha <span class=\"__1 _70\"></span>eficacia<span class=\"__1 _1bc\"> </span>se <span class=\"__1 _4\"></span>verifica <span class=\"__1 _4\"></span>a <span class=\"__1 _8\"></span>trav<span class=\"__1 _6\"></span>\u00e9s <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>\u201ctest <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>ficacia\u201d <span class=\"__1 _4\"></span>donde <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>chequea <span class=\"__1 _4\"></span>si <span class=\"__1 _4\"></span>es <span class=\"__1 _4\"></span>esperable <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>rospectiv<span class=\"__1 _6\"></span>amente <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>los<span class=\"__1 _1bc\"> </span>cambios en <span class=\"__1 _5\"></span>el <span class=\"__1 _5\"></span>valor razonable o <span class=\"__1 _70\"></span>en los flujos <span class=\"__1 _5\"></span>de efectivo <span class=\"__1 _5\"></span>de la <span class=\"__1 _5\"></span>partida cubierta (atribuibles al <span class=\"__1 _70\"></span>riesgo cubierto)<span class=\"__1 _1bc\"> </span>se compensen razonablemente con los correspondientes al instrumento de cobertura. El<span class=\"__1 _5\"></span> valor razonable de<span class=\"__1 _1bc\"> </span>los <span class=\"__1 _4\"></span>derivados <span class=\"__1 _4\"></span>incluye <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>ajuste <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>riesgo <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>cr<span class=\"__1 _6\"></span>\u00e9dito <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>forma <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>sus <span class=\"__1 _4\"></span>variaciones <span class=\"__1 _4\"></span>son <span class=\"__1 _4\"></span>c<span class=\"__1 _5\"></span>ons<span class=\"__1 _8\"></span>ideradas<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>la<span class=\"__1 _1bc\"> </span>medici\u00f3n de la eficacia.<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _4\"></span>Grupo <span class=\"__1 _8\"></span>realiza <span class=\"__1 _4\"></span>una <span class=\"__1 _4\"></span>evaluaci\u00f3n <span class=\"__1 _8\"></span>cualitat<span class=\"__1 _6\"></span>iva <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>eficacia, <span class=\"__1 _8\"></span>siempre <span class=\"__1 _4\"></span>que <span class=\"__1 _8\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>condiciones <span class=\"__1 _8\"></span>fun<span class=\"__1 _6\"></span>damentales <span class=\"__1 _4\"></span>del<span class=\"__1 _1bc\"> </span>instrumento <span class=\"__1 _8\"></span>y d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>par<span class=\"__1 _6\"></span>tida <span class=\"__1 _6\"></span>cubierta <span class=\"__1 _6\"></span>coincidan. <span class=\"__1 _8\"></span>Cuando <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>con<span class=\"__1 _6\"></span>diciones <span class=\"__1 _6\"></span>fun<span class=\"__1 _6\"></span>damentales <span class=\"__1 _6\"></span>no <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>on <span class=\"__1 _6\"></span>plenamente<span class=\"__1 _1bc\"> </span>coincidentes, <span class=\"__1 _ca\"> </span>el <span class=\"__1 _c6\"> </span>Grupo<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>utiliza  un <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>erivado <span class=\"__1 _c6\"> </span>h<span class=\"__1 _6\"></span>ipot\u00e9tico <span class=\"__1 _c6\"> </span>con<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>condiciones<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>fundamentales  equivalentes <span class=\"__1 _c6\"> </span>a <span class=\"__1 _c6\"> </span>la<span class=\"__1 _1bc\"> </span>partida cubierta p<span class=\"__1 _6\"></span>ara evaluar y medir la inefica<span class=\"__1 _6\"></span>cia.<span class=\"__1 _1bc\"> </span>ENCE <span class=\"__1 _6\"></span>interrumpe <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>relaci\u00f3n <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e cob<span class=\"__1 _6\"></span>ertura <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>forma <span class=\"__1 _6\"></span>prosp<span class=\"__1 _6\"></span>ectiva <span class=\"__1 _6\"></span>s\u00f3lo <span class=\"__1 _6\"></span>cuand<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>toda <span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>parte <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>relaci\u00f3n <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span>cobertura <span class=\"__1 _6\"></span>deja <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>cu<span class=\"__1 _6\"></span>mplir los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>requisito<span class=\"__1 _6\"></span>s <span class=\"__1 _6\"></span>cualificados. <span class=\"__1 _6\"></span>Es<span class=\"__1 _6\"></span>to <span class=\"__1 _6\"></span>incluye las<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>situaciones <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>instrumento<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _70\"></span>cobertura expira, <span class=\"__1 _70\"></span>es <span class=\"__1 _70\"></span>vendid<span class=\"__1 _6\"></span>o, <span class=\"__1 _70\"></span>o <span class=\"__1 _5\"></span>ejercido, e<span class=\"__1 _5\"></span>l <span class=\"__1 _70\"></span>objetivo<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>gesti\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>del <span class=\"__1 _5\"></span>riesgo <span class=\"__1 _70\"></span>ha cambiado, <span class=\"__1 _70\"></span>el <span class=\"__1 _70\"></span>efecto <span class=\"__1 _5\"></span>del <span class=\"__1 _70\"></span>riesgo<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _6\"></span>cr\u00e9dito <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>omina <span class=\"__1 _8\"></span>los <span class=\"__1 _6\"></span>cambio<span class=\"__1 _6\"></span>s <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>valor,<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>instru<span class=\"__1 _6\"></span>mento <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>cobertura <span class=\"__1 _8\"></span>llega <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>encimiento <span class=\"__1 _8\"></span>o <span class=\"__1 _6\"></span>es <span class=\"__1 _8\"></span>liquidado, <span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>deja <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>existir <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>subyacent<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>cubierto. <span class=\"__1 _4\"></span>A <span class=\"__1 _8\"></span>estos<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>fectos, <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>ustituci\u00f3n <span class=\"__1 _4\"></span>o <span class=\"__1 _4\"></span>renovaci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>un <span class=\"__1 _8\"></span>ins<span class=\"__1 _6\"></span>trumento <span class=\"__1 _4\"></span>de<span class=\"__1 _1bc\"> </span>cobertura <span class=\"__1 _c8\"></span>no <span class=\"__1 _c8\"></span>es <span class=\"__1 _4\"></span>una <span class=\"__1 _c8\"> </span>expiraci\u00f3n <span class=\"__1 _c8\"> </span>o <span class=\"__1 _c8\"></span>finalizaci\u00f3n, <span class=\"__1 _c8\"></span>siempre <span class=\"__1 _4\"></span>que <span class=\"__1 _c8\"></span>la <span class=\"__1 _c8\"></span>operaci\u00f3n <span class=\"__1 _c8\"></span>sea <span class=\"__1 _4\"></span>cons<span class=\"__1 _8\"></span>istente <span class=\"__1 _c8\"></span>con <span class=\"__1 _c8\"></span>el <span class=\"__1 _4\"></span>objetivo<span class=\"__1 _1bc\"> </span>documentado de gesti\u00f3n<span class=\"__1 _6\"></span> de riesgo del Grupo.<span class=\"__1 _1bc\"> </span>En <span class=\"__1 _c6\"> </span>las <span class=\"__1 _c8\"> </span>cob<span class=\"__1 _6\"></span>erturas <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c8\"> </span>los<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>flujos <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>efectivo, <span class=\"__1 _c6\"> </span>tras <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c8\"> </span>interrup<span class=\"__1 _6\"></span>ci\u00f3n <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c6\"> </span>relaci\u00f3n <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"> </span>cob<span class=\"__1 _6\"></span>ertura, <span class=\"__1 _c6\"> </span>el <span class=\"__1 _c8\"> </span>importe<span class=\"__1 _1bc\"> </span>acumulado <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>Otro <span class=\"__1 _6\"></span>Resultad<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>Global <span class=\"__1 _6\"></span>no <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>reconoce <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>res<span class=\"__1 _6\"></span>ultados <span class=\"__1 _6\"></span>h<span class=\"__1 _6\"></span>asta q<span class=\"__1 _6\"></span>ue <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>transacci\u00f3n<span class=\"__1 _6\"></span> p<span class=\"__1 _6\"></span>revista <span class=\"__1 _6\"></span>tenga<span class=\"__1 _1bc\"> </span>lugar. As\u00ed <span class=\"__1 _6\"></span>mismo, los<span class=\"__1 _6\"></span> importes <span class=\"__1 _6\"></span>acumulados<span class=\"__1 _6\"></span> en <span class=\"__1 _6\"></span>Otro Resu<span class=\"__1 _6\"></span>ltado Global <span class=\"__1 _6\"></span>se reclasifican <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>ingresos <span class=\"__1 _6\"></span>o gas<span class=\"__1 _6\"></span>tos<span class=\"__1 _1bc\"> </span>financieros cuand<span class=\"__1 _6\"></span>o el Grupo no espera q<span class=\"__1 _6\"></span>ue la transacci\u00f3n<span class=\"__1 _6\"></span> prevista vaya a pro<span class=\"__1 _6\"></span>ducirse.<span class=\"__1 _1bc\"> </span>Los <span class=\"__1 _c8\"></span>derivados <span class=\"__1 _c8\"></span>impl\u00edcitos <span class=\"__1 _c8\"></span>en <span class=\"__1 _4\"></span>otros <span class=\"__1 _c8\"> </span>inst<span class=\"__1 _6\"></span>rumentos <span class=\"__1 _c8\"></span>financieros <span class=\"__1 _c8\"></span>son <span class=\"__1 _4\"></span>con<span class=\"__1 _6\"></span>tabilizados <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>eparadamente <span class=\"__1 _4\"></span>cuan<span class=\"__1 _6\"></span>do <span class=\"__1 _c8\"></span>el<span class=\"__1 _1bc\"> </span>Grupo <span class=\"__1 _5\"></span>considera que <span class=\"__1 _70\"></span>sus <span class=\"__1 _5\"></span>caracter\u00edsticas <span class=\"__1 _5\"></span>y <span class=\"__1 _5\"></span>riesgos <span class=\"__1 _5\"></span>no <span class=\"__1 _70\"></span>est\u00e1n es<span class=\"__1 _5\"></span>trechamente relacionados <span class=\"__1 _70\"></span>con<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>los <span class=\"__1 _70\"></span>ins<span class=\"__1 _6\"></span>trumentos<span class=\"__1 _1bc\"> </span>financieros <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>los <span class=\"__1 _8\"></span>que <span class=\"__1 _4\"></span>se <span class=\"__1 _8\"></span>encuentran <span class=\"__1 _4\"></span>impl\u00edcitos, <span class=\"__1 _8\"></span>siempre <span class=\"__1 _8\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>in<span class=\"__1 _6\"></span>strumento <span class=\"__1 _8\"></span>f<span class=\"__1 _6\"></span>inancier<span class=\"__1 _8\"></span>o <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>cuesti\u00f3n <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>su<span class=\"__1 _1bc\"> </span>conjunto no <span class=\"__1 _70\"></span>est\u00e9 siendo <span class=\"__1 _70\"></span>con<span class=\"__1 _6\"></span>tabilizado <span class=\"__1 _5\"></span>a <span class=\"__1 _5\"></span>valor razonable <span class=\"__1 _70\"></span>con cambios <span class=\"__1 _70\"></span>en resultados. <span class=\"__1 _5\"></span>ENCE <span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>o <span class=\"__1 _5\"></span>tiene <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>erivados<span class=\"__1 _1bc\"> </span>impl\u00edcitos que sean o<span class=\"__1 _6\"></span>bjeto de contab<span class=\"__1 _6\"></span>ilidad separad<span class=\"__1 _6\"></span>a.<span class=\"__1 _1bc\"> </span>Valor razonable de los<span class=\"__1 _6\"></span> instrumento<span class=\"__1 _6\"></span>s financieros derivados<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _4\"></span>valor <span class=\"__1 _8\"></span>razon<span class=\"__1 _6\"></span>able <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>distintos <span class=\"__1 _8\"></span>instrumentos<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>f<span class=\"__1 _5\"></span>inancieros <span class=\"__1 _4\"></span>se <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>etermina <span class=\"__1 _8\"></span>utiliza<span class=\"__1 _6\"></span>ndo <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>siguiente <span class=\"__1 _4\"></span>jerarqu\u00eda<span class=\"__1 _1bc\"> </span>establecida en NIIF 13:<span class=\"__1 _1bc\"> </span>\u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4 fc0_1\">Nivel 1: p<span class=\"__1 _6\"></span>or observaci\u00f3n d<span class=\"__1 _6\"></span>irecta de la cotizaci\u00f3n en mercad<span class=\"__1 _6\"></span>os activ<span class=\"__1 _6\"></span>os, de activos y pas<span class=\"__1 _6\"></span>ivos id\u00e9nticos. </span></span>\u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4 fc0_1\">Nivel <span class=\"__1 _6\"></span>2: <span class=\"__1 _6\"></span>empleando <span class=\"__1 _6\"></span>inpu<span class=\"__1 _6\"></span>ts <span class=\"__1 _6\"></span>disponibles <span class=\"__1 _8\"></span>en mercados<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>activos, <span class=\"__1 _6\"></span>diferentes <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>precios <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>cotizaci\u00f3n, <span class=\"__1 _6\"></span>que<span class=\"__1 _1bc\"> </span></span></span>son aplicables<span class=\"__1 _6\"></span> a los activos y pasivo<span class=\"__1 _6\"></span>s, tanto directa como indirectamente.<span class=\"__1 _1bc\"> </span>\u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4 fc0_1\">Nivel <span class=\"__1 _4\"></span>3: <span class=\"__1 _4\"></span>utilizando <span class=\"__1 _4\"></span>t\u00e9cnicas <span class=\"__1 _4\"></span>de<span class=\"__1 _5\"></span> <span class=\"__1 _4\"></span>valoraci\u00f3n <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>incluyen <span class=\"__1 _4\"></span>inp<span class=\"__1 _5\"></span>uts <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>no <span class=\"__1 _4\"></span>est\u00e1n <span class=\"__1 _8\"></span>dispon<span class=\"__1 _6\"></span>ibles <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>n <span class=\"__1 _4\"></span>mercados<span class=\"__1 _1bc\"> </span></span></span>activos.<span class=\"__1 _1bc\"> </span>La <span class=\"__1 _8\"></span>determinaci\u00f3n <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>valor <span class=\"__1 _4\"></span>ra<span class=\"__1 _5\"></span>zonable <span class=\"__1 _8\"></span>para <span class=\"__1 _8\"></span>cada <span class=\"__1 _8\"></span>uno <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>principales <span class=\"__1 _8\"></span>instru<span class=\"__1 _6\"></span>mentos <span class=\"__1 _8\"></span>financieros <span class=\"__1 _8\"></span>derivados<span class=\"__1 _1bc\"> </span>se lleva a cabo con el asesoramiento de expertos en<span class=\"__1 _6\"></span> este tipo de instrumentos finan<span class=\"__1 _6\"></span>cieros, <span class=\"__1 _6\"></span>a partir de datos<span class=\"__1 _1bc\"> </span>facilitados por agencias<span class=\"__1 _6\"></span> de informaci\u00f3n o d<span class=\"__1 _6\"></span>atos d<span class=\"__1 _6\"></span>e organismos oficiales<span class=\"__1 _6\"></span>, del siguiente <span class=\"__1 _6\"></span>modo:<span class=\"__1 _1bc\"> </span>\u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4 fc0_1\">El <span class=\"__1 _6\"></span>valo<span class=\"__1 _6\"></span>r <span class=\"__1 _6\"></span>razonable <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>per<span class=\"__1 _6\"></span>mutas <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>tipo <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>inter\u00e9s<span class=\"__1 _6\"></span> es<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>calculado <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>l v<span class=\"__1 _6\"></span>alor <span class=\"__1 _6\"></span>actualiza<span class=\"__1 _6\"></span>do <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>tipos <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span></span></span>inter\u00e9s de mercado del diferencial de tipos del <span class=\"__1 _5\"></span>contrato de permuta. Dicha actualizaci\u00f3n se lleva a cabo<span class=\"__1 _1bc\"> </span>a p<span class=\"ls0_1\">artir de las curv<span class=\"__1 _6\"></span>as de tipos swap a largo plaz<span class=\"__1 _6\"></span>o.<span class=\"__1 _1bc\"> </span></span>\u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4 fc0_1\">En<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>el <span class=\"__1 _c6\"> </span>cas<span class=\"__1 _6\"></span>o <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>los <span class=\"__1 _ca\"> </span>contratos <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>tip<span class=\"__1 _6\"></span>o <span class=\"__1 _c6\"> </span>de <span class=\"__1 _ca\"> </span>cambio <span class=\"__1 _c6\"> </span>a <span class=\"__1 _c6\"> </span>futu<span class=\"__1 _6\"></span>ro, <span class=\"__1 _c6\"> </span>su <span class=\"__1 _c6\"> </span>valo<span class=\"__1 _6\"></span>raci\u00f3n <span class=\"__1 _c6\"> </span>se <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>etermina <span class=\"__1 _c6\"> </span>utilizand<span class=\"__1 _6\"></span>o <span class=\"__1 _c6\"> </span>las<span class=\"__1 _1bc\"> </span></span></span>cotizaciones <span class=\"__1 _c6\"> </span>del <span class=\"__1 _c8\"> </span>conta<span class=\"__1 _6\"></span>do <span class=\"__1 _c8\"> </span>del <span class=\"__1 _c8\"> </span>tip<span class=\"__1 _6\"></span>o <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"> </span>cambio <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c6\"> </span>las <span class=\"__1 _c6\"> </span>curvas <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>tipos <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>inter\u00e9s <span class=\"__1 _c6\"> </span>a <span class=\"__1 _c8\"> </span>plazo <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>las <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>ivisas<span class=\"__1 _1bc\"> </span>implicadas, as<span class=\"__1 _6\"></span>\u00ed como el empleo de la v<span class=\"__1 _6\"></span>olatilidad impl\u00edcita h<span class=\"__1 _6\"></span>asta el vencimient<span class=\"__1 _6\"></span>o en el cas<span class=\"__1 _6\"></span>o de opcion<span class=\"__1 _6\"></span>es<span class=\"ls17\">. </span>\u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4 fc0_1\">El  valor <span class=\"__1 _c6\"> </span>razonable <span class=\"__1 _ca\"> </span>de <span class=\"__1 _c6\"> </span>los  contratos <span class=\"__1 _c6\"> </span>de  compraventa <span class=\"__1 _c6\"> </span>de <span class=\"__1 _ca\"> </span>elementos <span class=\"__1 _c6\"> </span>n<span class=\"__1 _6\"></span>o <span class=\"__1 _c6\"> </span>financi<span class=\"__1 _6\"></span>eros <span class=\"__1 _c6\"> </span>a  los <span class=\"__1 _c6\"> </span>que <span class=\"__1 _ca\"> </span>es <span class=\"__1 _c6\"> </span>de<span class=\"__1 _1bc\"> </span></span></span>aplicaci\u00f3n la <span class=\"__1 _6\"></span>NIIF <span class=\"__1 _6\"></span>9 (pre<span class=\"__1 _6\"></span>cio de <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>celulosa <span class=\"__1 _6\"></span>y precio <span class=\"__1 _6\"></span>de la <span class=\"__1 _6\"></span>ener<span class=\"__1 _6\"></span>g\u00eda principa<span class=\"__1 _6\"></span>lmente) se <span class=\"__1 _6\"></span>calcula <span class=\"__1 _6\"></span>a p<span class=\"__1 _6\"></span>artir de <span class=\"__1 _6\"></span>la<span class=\"__1 _1bc\"> </span>mejor <span class=\"__1 _6\"></span>estima<span class=\"__1 _6\"></span>ci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>cu<span class=\"__1 _6\"></span>rvas <span class=\"__1 _8\"></span>futuras <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>precios <span class=\"__1 _8\"></span>de<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>dichos <span class=\"__1 _6\"></span>elementos <span class=\"__1 _8\"></span>no <span class=\"__1 _8\"></span>financieros, <span class=\"__1 _8\"></span>existente <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>la<span class=\"__1 _1bc\"> </span>fecha de cierre, utilizando, en la medida de lo posible, los precios establecidos en los mercados<span class=\"__1 _6\"></span> a plazo.<span class=\"__1 _1bc\"> </span>En <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>utilizaci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>estos<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>modelos d<span class=\"__1 _6\"></span>e v<span class=\"__1 _6\"></span>aloraci\u00f3n <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>tienen <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>cuenta <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>riesgos<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>activo <span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>p<span class=\"__1 _8\"></span>asivo <span class=\"__1 _6\"></span>lleva<span class=\"__1 _1bc\"> </span>asociados, <span class=\"__1 _4\"></span>entre <span class=\"__1 _4\"></span>ellos <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>riesgo <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>cr\u00e9dito <span class=\"__1 _4\"></span>tanto <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>contraparte <span class=\"__1 _4\"></span>(Credit <span class=\"__1 _4\"></span>Valu<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>Adjustment) <span class=\"__1 _4\"></span>como <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>la<span class=\"__1 _1bc\"> </span>propia <span class=\"__1 _c8\"></span>entidad <span class=\"__1 _4\"></span>(Debit <span class=\"__1 _c8\"></span>Value <span class=\"__1 _4\"></span>Ad<span class=\"__1 _6\"></span>justment). <span class=\"__1 _c8\"></span>El <span class=\"__1 _4\"></span>riesgo <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>cr\u00e9d<span class=\"__1 _6\"></span>ito <span class=\"__1 _4\"></span>se <span class=\"__1 _c8\"></span>calcula <span class=\"__1 _4\"></span>de <span class=\"__1 _c8\"></span>acuerdo <span class=\"__1 _4\"></span>c<span class=\"__1 _6\"></span>on <span class=\"__1 _4\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>par\u00e1metros<span class=\"__1 _1bc\"> </span>exposici\u00f3n, prob<span class=\"__1 _6\"></span>abilidad de incumpli<span class=\"__1 _6\"></span>miento y s<span class=\"__1 _6\"></span>everidad. Los <span class=\"__1 _8\"></span>valores <span class=\"__1 _8\"></span>obtenido<span class=\"__1 _6\"></span>s <span class=\"__1 _8\"></span>utilizando <span class=\"__1 _8\"></span>estas <span class=\"__1 _8\"></span>t\u00e9cnicas <span class=\"__1 _8\"></span>son <span class=\"__1 _8\"></span>contrastados<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>con <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>entidades <span class=\"__1 _8\"></span>financieras <span class=\"__1 _8\"></span>con <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>que<span class=\"__1 _1bc\"> </span>ENCE tiene contrata<span class=\"__1 _6\"></span>dos estos instrumentos<span class=\"__1 _6\"></span> financieros.<span class=\"__1 _1bc\"> </span>Las  valoraciones  a  valor  razonable  realizadas  sobre  los  diferentes  instru<span class=\"__1 _6\"></span>mentos<span class=\"__1 _6\"></span>  financieros  derivados,<span class=\"__1 _1bc\"> </span>quedan <span class=\"__1 _6\"></span>encuadradas<span class=\"__1 _6\"></span> en <span class=\"__1 _6\"></span>el nivel 2 <span class=\"__1 _6\"></span>de la <span class=\"__1 _6\"></span>jerarqu\u00eda <span class=\"__1 _6\"></span>de valo<span class=\"__1 _6\"></span>res razonab<span class=\"__1 _6\"></span>les esta<span class=\"__1 _6\"></span>blecida por <span class=\"__1 _6\"></span>la NIIF <span class=\"__1 _6\"></span>13, po<span class=\"__1 _6\"></span>r estar<span class=\"__1 _1bc\"> </span>los inputs basad<span class=\"__1 _6\"></span>os en precios cotizados p<span class=\"__1 _6\"></span>ara instrumentos similares en mercados a<span class=\"__1 _6\"></span>ctivos (no incluidos en el<span class=\"__1 _1bc\"> </span>nivel <span class=\"__1 _70\"></span>1), <span class=\"__1 _5\"></span>precios <span class=\"__1 _70\"></span>cot<span class=\"__1 _6\"></span>izados <span class=\"__1 _5\"></span>para <span class=\"__1 _70\"></span>instru<span class=\"__1 _6\"></span>mentos <span class=\"__1 _70\"></span>id\u00e9nticos<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>o <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>imilares <span class=\"__1 _70\"></span>en <span class=\"__1 _70\"></span>mercados<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>que no <span class=\"__1 _70\"></span>son <span class=\"__1 _70\"></span>activos<span class=\"__1 _6\"></span>, <span class=\"__1 _70\"></span>y <span class=\"__1 _70\"></span>t\u00e9cnicas<span class=\"__1 _1bc\"> </span> basadas <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c8\"> </span>modelos<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>valoraci\u00f3n <span class=\"__1 _c6\"> </span>para <span class=\"__1 _c6\"> </span>los <span class=\"__1 _c6\"> </span>cuales <span class=\"__1 _c6\"> </span>todos <span class=\"__1 _c8\"> </span>los <span class=\"__1 _c6\"> </span>inputs <span class=\"__1 _c6\"> </span>significativos <span class=\"__1 _c6\"> </span>son <span class=\"__1 _c8\"> </span>obs<span class=\"__1 _6\"></span>ervables <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c8\"> </span>el<span class=\"__1 _1bc\"> </span> mercado o <span class=\"__1 _6\"></span>pueden s<span class=\"__1 _6\"></span>er corrob<span class=\"__1 _6\"></span>orados <span class=\"__1 _6\"></span>por <span class=\"__1 _6\"></span>datos observa<span class=\"__1 _8\"></span>bles de mercado<span class=\"__1 _6\"></span>. En<span class=\"__1 _6\"></span> dicha <span class=\"__1 _6\"></span>clasificaci\u00f3n<span class=\"__1 _6\"></span> se <span class=\"__1 _6\"></span>ha ten<span class=\"__1 _6\"></span>ido<span class=\"__1 _1bc\"> </span> en <span class=\"__1 _6\"></span>consideraci\u00f3n <span class=\"__1 _6\"></span>que <span class=\"__1 _8\"></span>los <span class=\"__1 _6\"></span>ajustes p<span class=\"__1 _6\"></span>or <span class=\"__1 _6\"></span>riesgo <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>cr\u00e9dito <span class=\"__1 _6\"></span>utilizan <span class=\"__1 _6\"></span>inputs <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>nivel <span class=\"__1 _6\"></span>3, <span class=\"__1 _6\"></span>como s<span class=\"__1 _6\"></span>on las<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>estimaciones<span class=\"__1 _1bc\"> </span> de <span class=\"__1 _c8\"> </span>cr\u00e9dito <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c8\"> </span>fun<span class=\"__1 _6\"></span>ci\u00f3n <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _c8\"> </span>ra<span class=\"__1 _6\"></span>ting <span class=\"__1 _c8\"> </span>crediticio <span class=\"__1 _c6\"> </span>o <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c8\"> </span>empresa<span class=\"__1 _6\"></span>s <span class=\"__1 _c6\"> </span>comparables <span class=\"__1 _c6\"> </span>para <span class=\"__1 _c6\"> </span>evaluar <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c8\"> </span>probabil<span class=\"__1 _8\"></span>idad<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>de<span class=\"__1 _1bc\"> </span> quiebra <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>sociedad <span class=\"__1 _8\"></span>o <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>contraparte<span class=\"__1 _6\"></span>, <span class=\"__1 _8\"></span>si <span class=\"__1 _8\"></span>bien, <span class=\"__1 _8\"></span>dichos <span class=\"__1 _8\"></span>ajustes <span class=\"__1 _8\"></span>no <span class=\"__1 _8\"></span>son <span class=\"__1 _8\"></span>significativos. <span class=\"__1 _8\"></span>Por <span class=\"__1 _8\"></span>otra<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>parte, <span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>as<span class=\"__1 _1bc\"> </span> contraprestacion<span class=\"__1 _6\"></span>es contin<span class=\"__1 _6\"></span>gentes que <span class=\"__1 _6\"></span>surgen <span class=\"__1 _6\"></span>en combinacion<span class=\"__1 _6\"></span>es de <span class=\"__1 _6\"></span>negocios <span class=\"__1 _6\"></span>que quedan<span class=\"__1 _6\"></span> encuadradas<span class=\"__1 _6\"></span> en <span class=\"__1 _6\"></span>el<span class=\"__1 _1bc\"> </span> nivel 3 de la jerarqu\u00eda <span class=\"__1 _6\"></span>(v\u00e9ase Nota <span class=\"__1 _6\"></span><span class=\"ls12\">4)</span>.<span class=\"__1 _1bc\"> </span>3.9<span class=\"ff5\"> <span class=\"__1 _cc\"> </span></span><span class=\"fc3\">Clasificaci\u00f3n<span class=\"__1 _5\"></span> entre corriente y no co<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>riente<span class=\"__1 _1bc\"> </span></span><span class=\"fc3\"> </span>En <span class=\"__1 _c6\"> </span>el <span class=\"__1 _ca\"> </span>Estado <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c6\"> </span>Situaci\u00f3n  Financiera <span class=\"__1 _c8\"> </span>con<span class=\"__1 _6\"></span>solidado,  los <span class=\"__1 _c6\"> </span>activos <span class=\"__1 _c6\"> </span>y  pa<span class=\"__1 _5\"></span>sivos <span class=\"__1 _c6\"> </span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _c6\"> </span>clasifican <span class=\"__1 _ca\"> </span>en <span class=\"__1 _c6\"> </span>funci\u00f3n  de <span class=\"__1 _c8\"> </span>s<span class=\"__1 _6\"></span>us<span class=\"__1 _1bc\"> </span> vencimientos, <span class=\"__1 _6\"></span>es <span class=\"__1 _8\"></span>decir, <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>corrientes <span class=\"__1 _8\"></span>aquellos <span class=\"__1 _6\"></span>con<span class=\"__1 _6\"></span> v<span class=\"__1 _6\"></span>encimiento <span class=\"__1 _6\"></span>igual <span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>inferior <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>doce <span class=\"__1 _6\"></span>meses <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>como <span class=\"__1 _8\"></span>n<span class=\"__1 _8\"></span><span class=\"ls22\">o<span class=\"__1 _1bc\"> </span></span><span class=\"ls22\"> </span>corrientes los de v<span class=\"__1 _6\"></span>encimiento superior <span class=\"__1 _6\"></span>a dicho per\u00edodo.<span class=\"__1 _1bc\"> </span>El efe<span class=\"__1 _5\"></span>ctivo y otros <span class=\"__1 _5\"></span>medios l\u00edquidos equivalentes se <span class=\"__1 _70\"></span>clasifica como corriente, e<span class=\"__1 _5\"></span>xcepto en <span class=\"__1 _5\"></span>aquellos casos en <span class=\"__1 _5\"></span>los que no <span class=\"__1 _5\"></span>puedan ser <span class=\"__1 _5\"></span>intercambiados<span class=\"__1 _6\"></span> o <span class=\"__1 _70\"></span>u<span class=\"__1 _6\"></span>tilizados para <span class=\"__1 _5\"></span>cancelar un <span class=\"__1 _5\"></span>pasivo, al <span class=\"__1 _5\"></span>menos dentro<span class=\"__1 _6\"></span> de <span class=\"__1 _70\"></span>los doces meses siguientes a la fecha d<span class=\"__1 _6\"></span>e cierre. En <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>clasificaci\u00f3n <span class=\"__1 _6\"></span>de<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>pasivos <span class=\"__1 _8\"></span>a <span class=\"__1 _6\"></span>largo <span class=\"__1 _8\"></span>plazo, <span class=\"__1 _6\"></span>ENCE <span class=\"__1 _8\"></span>eval\u00faa <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>i <span class=\"__1 _6\"></span>tiene <span class=\"__1 _6\"></span>un<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>derecho <span class=\"__1 _8\"></span>incondicion<span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>fecha <span class=\"__1 _8\"></span>de cierre para aplazar la liq<span class=\"__1 _6\"></span>uidaci\u00f3n de los<span class=\"__1 _6\"></span> pasivos durante los<span class=\"__1 _6\"></span> doce meses siguientes a la fec<span class=\"__1 _6\"></span>h<span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>de cierre. 3.10<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Existencias </span></span>Las existen<span class=\"__1 _6\"></span>cias de materias<span class=\"__1 _6\"></span> primas s<span class=\"__1 _6\"></span>e valoran <span class=\"__1 _6\"></span>al coste <span class=\"__1 _6\"></span>de adquisici\u00f3n, qu<span class=\"__1 _6\"></span>e incluye <span class=\"__1 _6\"></span>el importe consigna<span class=\"__1 _6\"></span>do en factura <span class=\"__1 _4\"></span>m\u00e1s <span class=\"__1 _c8\"></span>todos <span class=\"__1 _c8\"></span>los <span class=\"__1 _4\"></span>costes <span class=\"__1 _4\"></span>en <span class=\"__1 _c8\"></span>que <span class=\"__1 _4\"></span>se <span class=\"__1 _c8\"></span>incurre <span class=\"__1 _4\"></span>has<span class=\"__1 _6\"></span>ta <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>bien <span class=\"__1 _c8\"></span>est\u00e1 <span class=\"__1 _4\"></span>en <span class=\"__1 _c8\"></span>las <span class=\"__1 _4\"></span>instalacion<span class=\"__1 _6\"></span>es <span class=\"__1 _4\"></span>de <span class=\"__1 _c8\"></span>ENCE. <span class=\"__1 _4\"></span>Las existencias <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>produ<span class=\"__1 _6\"></span>ctos <span class=\"__1 _4\"></span>terminados <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>curso <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>fabricaci\u00f3n <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>valoran <span class=\"__1 _4\"></span>al <span class=\"__1 _4\"></span>coste <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>roducci\u00f3n <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>se determina  incorp<span class=\"__1 _6\"></span>orando <span class=\"__1 _cb\"> </span>el  coste  de <span class=\"__1 _cb\"> </span>los  materiales, <span class=\"__1 _cb\"> </span>mano  de <span class=\"__1 _cb\"> </span>obra,  y  gas<span class=\"__1 _6\"></span>tos  directos <span class=\"__1 _cb\"> </span>y  generales <span class=\"__1 _cb\"> </span>de fabricaci\u00f3n. <span class=\"__1 _6\"></span>Lo<span class=\"__1 _6\"></span>s <span class=\"__1 _6\"></span>trab<span class=\"__1 _6\"></span>ajos <span class=\"__1 _6\"></span>realizados <span class=\"__1 _8\"></span>por <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>Grup<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>para <span class=\"__1 _8\"></span><span class=\"ls20\">su</span>s <span class=\"__1 _6\"></span>existencias <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>2023 <span class=\"__1 _6\"></span>han <span class=\"__1 _8\"></span>ascendido <span class=\"__1 _8\"></span>a <span class=\"__1 _6\"></span>1.415 <span class=\"__1 _6\"></span>miles de euros. En la asigna<span class=\"__1 _6\"></span>ci\u00f3n de valor a sus inventa<span class=\"__1 _6\"></span>rios el Grupo utiliza el m\u00e9tod<span class=\"__1 _6\"></span>o del coste medio p<span class=\"__1 _6\"></span>onderado. <span class=\"__1 _8\"></span> El Grupo realiza deterioros de sus existencias, con cargo a <span class=\"__1 _5\"></span>resultados de e<span class=\"__1 _5\"></span>xplotaci\u00f3n, para ajustar su valor al valor <span class=\"__1 _c6\"> </span>estimado <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"> </span>realizaci\u00f3<span class=\"__1 _6\"></span>n, <span class=\"__1 _c6\"> </span>cuando <span class=\"__1 _c6\"> </span>\u00e9ste <span class=\"__1 _c6\"> </span>es <span class=\"__1 _c6\"> </span>inferior <span class=\"__1 _c6\"> </span>al <span class=\"__1 _c6\"> </span>valor <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>coste. <span class=\"__1 _c8\"> </span>Cua<span class=\"__1 _6\"></span>ndo <span class=\"__1 _c6\"> </span>las <span class=\"__1 _c6\"> </span>circunstan<span class=\"__1 _6\"></span>cias <span class=\"__1 _c8\"> </span>que previamente causaron la<span class=\"__1 _6\"></span> correcci\u00f3n de valor dejan<span class=\"__1 _6\"></span> de existir se procede a r<span class=\"__1 _6\"></span>evertir dichos deterioros<span class=\"__1 _6\"></span>.<span class=\"__1 _6\"></span> Derechos de em<span class=\"__1 _6\"></span>isi\u00f3n de gases de efecto<span class=\"__1 _6\"></span> invernadero para uso propio<span class=\"__1 _8\"></span>- Los <span class=\"__1 _4\"></span>derechos <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>emisi\u00f3n <span class=\"__1 _4\"></span>ad<span class=\"__1 _6\"></span>q<span class=\"__1 _6\"></span>uiridos, <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>cuyo <span class=\"__1 _4\"></span>des<span class=\"__1 _6\"></span>tino <span class=\"__1 _4\"></span>es <span class=\"__1 _4\"></span>fundamentalmente <span class=\"__1 _4\"></span>su <span class=\"__1 _4\"></span>utilizaci\u00f3<span class=\"__1 _6\"></span>n <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>p<span class=\"__1 _6\"></span>rocesos productivos<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>del <span class=\"__1 _4\"></span>G<span class=\"__1 _5\"></span>rupo, <span class=\"__1 _4\"></span>se <span class=\"__1 _8\"></span>registran <span class=\"__1 _8\"></span>como <span class=\"__1 _4\"></span>existencias <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>valoran<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>por <span class=\"__1 _4\"></span>su <span class=\"__1 _8\"></span>precio <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>adquisici\u00f3n, <span class=\"__1 _8\"></span>calculado mediante <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>m\u00e9todo <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>precio <span class=\"__1 _6\"></span>medio <span class=\"__1 _6\"></span>ponderad<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>, <span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>bien, <span class=\"__1 _6\"></span>a s<span class=\"__1 _6\"></span>u valo<span class=\"__1 _6\"></span>r <span class=\"__1 _6\"></span>estimado <span class=\"__1 _8\"></span>de realizaci\u00f3n<span class=\"__1 _6\"></span>, <span class=\"__1 _6\"></span>si <span class=\"__1 _6\"></span>este <span class=\"__1 _6\"></span>\u00faltimo es inferior<span class=\"ls17\">. </span> Los <span class=\"__1 _c6\"> </span>derechos <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"> </span>emisi\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>recib<span class=\"__1 _6\"></span>idos <span class=\"__1 _c6\"> </span>a <span class=\"__1 _c8\"> </span>t\u00edtulo <span class=\"__1 _c6\"> </span>gratuito<span class=\"__1 _6\"></span>, <span class=\"__1 _c8\"> </span>conforme <span class=\"__1 _c6\"> </span>al <span class=\"__1 _c6\"> </span>r\u00e9gimen <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c6\"> </span>comercio <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>derechos <span class=\"__1 _c6\"> </span>de emisi\u00f3n <span class=\"__1 _6\"></span>para <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>periodo <span class=\"__1 _6\"></span>2022-<span class=\"__1 _6\"></span>2025, s<span class=\"__1 _6\"></span>e recon<span class=\"__1 _6\"></span>ocen <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>su <span class=\"__1 _6\"></span>valor <span class=\"__1 _6\"></span>venal, <span class=\"__1 _6\"></span>registr\u00e1nd<span class=\"__1 _6\"></span>ose como <span class=\"__1 _6\"></span>contra<span class=\"__1 _6\"></span>partida <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>por el <span class=\"__1 _4\"></span>mismo <span class=\"__1 _8\"></span>importe, <span class=\"__1 _4\"></span>una <span class=\"__1 _4\"></span>subvenci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>capital.<span class=\"__1 _5\"></span> <span class=\"__1 _4\"></span>Dicha <span class=\"__1 _4\"></span>subvenci\u00f3n <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>im<span class=\"__1 _5\"></span>puta <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>resultados <span class=\"__1 _8\"></span>a <span class=\"__1 _4\"></span>medida <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>se<span class=\"__1 _70\"></span> consumen los d<span class=\"__1 _6\"></span>erechos de emisi\u00f3n recibidos<span class=\"__1 _6\"></span>. Por <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>con<span class=\"__1 _6\"></span>sumo <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>derechos <span class=\"__1 _6\"></span>realizado <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>lo <span class=\"__1 _6\"></span>largo <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>ejercicio <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>registra<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>un <span class=\"__1 _6\"></span>gas<span class=\"__1 _6\"></span>to <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>l\u00ednea <span class=\"__1 _6\"></span>\u201c<span class=\"__1 _6\"></span>Otros <span class=\"__1 _6\"></span>Gas<span class=\"__1 _6\"></span>tos de <span class=\"__1 _6\"></span>explo<span class=\"ff6\">taci\u00f3n<span class=\"__1 _6\"></span>\u201d <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>E<span class=\"__1 _6\"></span>stado <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>Resultado <span class=\"__1 _8\"></span>consolidado, <span class=\"__1 _8\"></span>reconociendo <span class=\"__1 _6\"></span>una <span class=\"__1 _8\"></span>provisi\u00f3n <span class=\"__1 _6\"></span>cuyo <span class=\"__1 _8\"></span>importe <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>calcula<span class=\"__1 _1bc\"> </span></span>en <span class=\"__1 _8\"></span>funci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>erechos <span class=\"__1 _8\"></span>cons<span class=\"__1 _6\"></span>umidos, <span class=\"__1 _8\"></span>valorados <span class=\"__1 _4\"></span>p<span class=\"__1 _5\"></span>or <span class=\"__1 _8\"></span>su <span class=\"__1 _8\"></span>coste <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>adqu<span class=\"__1 _6\"></span>isici\u00f3n <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>corresp<span class=\"__1 _6\"></span>onde <span class=\"__1 _8\"></span>con <span class=\"__1 _8\"></span>el valor <span class=\"__1 _70\"></span>en libros <span class=\"__1 _70\"></span>para <span class=\"__1 _70\"></span>aquellos <span class=\"__1 _70\"></span>derechos <span class=\"__1 _5\"></span>que <span class=\"__1 _70\"></span>se <span class=\"__1 _5\"></span>posean <span class=\"__1 _70\"></span>al cierre <span class=\"__1 _70\"></span>del <span class=\"__1 _70\"></span>periodo, con <span class=\"__1 _70\"></span>el <span class=\"__1 _70\"></span>valor <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>compra <span class=\"__1 _70\"></span>establecido en los contratos de compra a plazo d<span class=\"__1 _6\"></span>isponibles, y con el valor de mercado al cierre del periodo p<span class=\"__1 _6\"></span>ara el resto de derechos.<span class=\"__1 _1bc\"> </span> Cuando <span class=\"__1 _4\"></span>los <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>erechos <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>em<span class=\"__1 _5\"></span>isi\u00f3n <span class=\"__1 _4\"></span>consumidos <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>entregan <span class=\"__1 _4\"></span>a <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>autorid<span class=\"__1 _6\"></span>ades, <span class=\"__1 _8\"></span>se <span class=\"__1 _4\"></span>dan<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>baja <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>Estado <span class=\"__1 _4\"></span>de<span class=\"__1 _5\"></span> Situaci\u00f3n Financiera consolidado tanto las existencias de <span class=\"__1 _70\"></span>derechos<span class=\"__1 _6\"></span> como la provi<span class=\"__1 _5\"></span>si\u00f3n constituida asociada <span class=\"__1 _6\"></span>al consumo de d<span class=\"__1 _6\"></span>ichos derechos<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span>3.11<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Subvenciones </span></span>Las subvencion<span class=\"__1 _6\"></span>es de capital no reintegrables, asociadas a inversiones en activ<span class=\"__1 _6\"></span>os pro<span class=\"__1 _6\"></span>ductivos, se valoran por el <span class=\"__1 _6\"></span>valo<span class=\"__1 _6\"></span>r <span class=\"__1 _6\"></span>razo<span class=\"__1 _6\"></span>nable <span class=\"__1 _8\"></span>del <span class=\"__1 _6\"></span>importe <span class=\"__1 _8\"></span>concedido, <span class=\"__1 _8\"></span>neto <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>los <span class=\"__1 _6\"></span>cos<span class=\"__1 _6\"></span>tes <span class=\"__1 _6\"></span>incurrid<span class=\"__1 _6\"></span>os <span class=\"__1 _8\"></span>para <span class=\"__1 _6\"></span>su<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>btenci\u00f3n, <span class=\"__1 _6\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>se <span class=\"__1 _8\"></span>reconocen cuando se <span class=\"__1 _70\"></span>han cumplido <span class=\"__1 _70\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>requisitos asociados <span class=\"__1 _70\"></span>a su <span class=\"__1 _70\"></span>concesi\u00f3n<span class=\"__1 _6\"></span>. <span class=\"__1 _5\"></span>Estas subvenciones <span class=\"__1 _70\"></span>se imputan a <span class=\"__1 _70\"></span>resultados en el e<span class=\"__1 _5\"></span>p\u00edgrafe \u201cSub<span class=\"__1 _6\"></span>venciones de capital transferidas al resultado del ejercicio\u201d en proporci\u00f3n a la dotaci\u00f3n a<span class=\"__1 _1bc\"> </span>la <span class=\"__1 _c6\"> </span>amortizaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>efectuada <span class=\"__1 _ca\"> </span>en <span class=\"__1 _c6\"> </span>el  per\u00edodo <span class=\"__1 _c6\"> </span>para <span class=\"__1 _c6\"> </span>los <span class=\"__1 _ca\"> </span>elementos <span class=\"__1 _c6\"> </span>subv<span class=\"__1 _6\"></span>encionados <span class=\"__1 _c6\"> </span>o<span class=\"__1 _6\"></span>, <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c6\"> </span>su <span class=\"__1 _ca\"> </span>caso, <span class=\"__1 _c6\"> </span>cuand<span class=\"__1 _6\"></span>o <span class=\"__1 _c6\"> </span>se<span class=\"__1 _1bc\"> </span> produzca s<span class=\"__1 _6\"></span>u enajenaci\u00f3n o correcci\u00f3n valo<span class=\"__1 _6\"></span>rativa por deterioro<span class=\"__1 _1bc\"> </span>.<span class=\"__1 _1bc\"> </span><span class=\"__1 _8\"></span> Por <span class=\"__1 _4\"></span>su <span class=\"__1 _4\"></span>parte, <span class=\"__1 _4\"></span>las <span class=\"__1 _4\"></span>subvenciones <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>xplotaci\u00f3n <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>imputan <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>resultados <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>ep\u00edgrafe <span class=\"__1 _4\"></span>\u201cOtros <span class=\"__1 _4\"></span>ingresos <span class=\"__1 _4\"></span>de<span class=\"__1 _1bc\"> </span> explotaci\u00f3n\u201d <span class=\"__1 _6\"></span>en el <span class=\"__1 _6\"></span>momento <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>que s<span class=\"__1 _6\"></span>e conc<span class=\"__1 _6\"></span>eden, excepto<span class=\"__1 _6\"></span> s<span class=\"__1 _6\"></span>i se <span class=\"__1 _6\"></span>conceden p<span class=\"__1 _6\"></span>ara <span class=\"__1 _6\"></span>financiar <span class=\"__1 _6\"></span>gastos<span class=\"__1 _6\"></span> espec\u00edficos,<span class=\"__1 _1bc\"> </span> en cuyo caso la<span class=\"__1 _6\"></span> imputaci\u00f3n se realizar\u00e1 a medid<span class=\"__1 _6\"></span>a qu<span class=\"__1 _6\"></span>e se devenguen los ga<span class=\"__1 _6\"></span>stos subvencionad<span class=\"__1 _6\"></span>os.<span class=\"__1 _1bc\"> </span> Los <span class=\"__1 _cb\"> </span>pr\u00e9stamos <span class=\"__1 _cb\"> </span>subvencionados <span class=\"__1 _cb\"> </span>sin  inter\u00e9s<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>o  a <span class=\"__1 _cb\"> </span>un  tipo <span class=\"__1 _cb\"> </span>de  inter\u00e9s <span class=\"__1 _cb\"> </span>inferior <span class=\"__1 _cb\"> </span>al  de <span class=\"__1 _cb\"> </span>mercado, <span class=\"__1 _cb\"> </span>otorgados<span class=\"__1 _1bc\"> </span> principalmente <span class=\"__1 _8\"></span>par<span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>financiar <span class=\"__1 _4\"></span>proyectos <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>I+D+<span class=\"__1 _5\"></span>i <span class=\"__1 _8\"></span>e <span class=\"__1 _8\"></span>in<span class=\"__1 _6\"></span>versiones <span class=\"__1 _4\"></span>productivas, <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>registran <span class=\"__1 _4\"></span>inicialmente <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>su<span class=\"__1 _1bc\"> </span> valor <span class=\"ff6\">razonable en <span class=\"__1 _70\"></span>el ep\u00edgrafe \u201cOtros <span class=\"__1 _5\"></span>pasivos financieros\u201d de<span class=\"__1 _5\"></span>l Estado <span class=\"__1 _5\"></span>de Situaci\u00f3n <span class=\"__1 _70\"></span>Fina<span class=\"__1 _6\"></span>nciera consolidado. La<span class=\"__1 _1bc\"> </span></span><span class=\"ff6\"> </span>diferencia <span class=\"__1 _c8\"></span>entre <span class=\"__1 _c8\"></span>el <span class=\"__1 _c8\"></span>importe <span class=\"__1 _c8\"></span>recibido <span class=\"__1 _c8\"> </span>por <span class=\"__1 _c8\"> </span>el <span class=\"__1 _c8\"> </span>pr\u00e9stamo <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c8\"></span>su <span class=\"__1 _c8\"> </span>valo<span class=\"__1 _6\"></span>r <span class=\"__1 _4\"></span>ra<span class=\"__1 _6\"></span>zonable <span class=\"__1 _c8\"></span>se <span class=\"__1 _c8\"></span>registra <span class=\"__1 _c8\"></span>inicialmente <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c8\"> </span>el<span class=\"__1 _1bc\"> </span> ep\u00edgrafe <span class=\"__1 _4\"></span>\u201cSubvenciones\u201d <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>Estado <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>Situaci\u00f3<span class=\"ff4\">n <span class=\"__1 _4\"></span>Financiera <span class=\"__1 _4\"></span>consolidad<span class=\"__1 _6\"></span>o, <span class=\"__1 _4\"></span>imput\u00e1ndose <span class=\"__1 _4\"></span>a <span class=\"__1 _8\"></span>resulta<span class=\"__1 _6\"></span>dos <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>l<span class=\"__1 _1bc\"> </span></span><span class=\"ff4\"> </span>ep\u00edgrafe <span class=\"__1 _4\"></span>\u201cSub<span class=\"__1 _6\"></span>venciones <span class=\"__1 _c8\"></span>transferidas <span class=\"__1 _4\"></span>al <span class=\"__1 _c8\"></span>resultado <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _4\"></span>ejercicio\u201d<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>a <span class=\"__1 _c8\"></span>medida <span class=\"__1 _4\"></span>que <span class=\"__1 _c8\"></span>los <span class=\"__1 _4\"></span>activos<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>financiad<span class=\"__1 _6\"></span>os <span class=\"__1 _4\"></span>con<span class=\"__1 _1bc\"> </span> dicho pr\u00e9stamo s<span class=\"__1 _6\"></span>e amortizan. <span class=\"__1 _6\"></span> 3.12<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Instalaciones cedidas a te<span class=\"__1 _5\"></span>rceros<span class=\"__1 _1bc\"> </span></span></span><span class=\"ff5\"><span class=\"ff3_1 fc3\"> </span></span>Las <span class=\"__1 _8\"></span>compensacion<span class=\"__1 _6\"></span>es <span class=\"__1 _8\"></span>recibidas <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>terceros <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>efectivo <span class=\"__1 _8\"></span>po<span class=\"__1 _6\"></span>r <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>cesi\u00f3n <span class=\"__1 _8\"></span>de<span class=\"__1 _6\"></span>l <span class=\"__1 _8\"></span>derecho <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>uso <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>instalacion<span class=\"__1 _6\"></span>es <span class=\"__1 _8\"></span>de<span class=\"__1 _1bc\"> </span> acceso a la red e<span class=\"__1 _5\"></span>l\u00e9ctrica se contabilizan <span class=\"ff6\">con abono al ep\u00edgrafe \u201cPeriodificaciones a Largo Plazo\u201d del Estado de<span class=\"__1 _1bc\"> </span></span><span class=\"ff6\"><span class=\"__1 _5\"></span> </span>Situaci\u00f3n <span class=\"__1 _8\"></span>Financiera <span class=\"__1 _8\"></span>con<span class=\"__1 _6\"></span>solidado<span class=\"__1 _6\"></span>, <span class=\"__1 _8\"></span>imput\u00e1nd<span class=\"__1 _6\"></span>ose <span class=\"__1 _8\"></span><span class=\"ff6\">a <span class=\"__1 _8\"></span>resultados <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>ep\u00edgrafe <span class=\"__1 _8\"></span>\u201cOtros <span class=\"__1 _8\"></span>in<span class=\"__1 _6\"></span>gresos <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>explotaci\u00f3n\u201d<span class=\"__1 _1bc\"> </span></span><span class=\"ff6\"> </span>del Estado d<span class=\"__1 _6\"></span>e resultado consolidado lin<span class=\"__1 _6\"></span>ealmente <span class=\"__1 _6\"></span>en el periodo d<span class=\"__1 _6\"></span>e vigencia del derecho.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> El Grupo mantiene ingresos anticipados por e<span class=\"__1 _5\"></span>ste concepto al 31 <span class=\"__1 _5\"></span>de diciembre <span class=\"__1 _5\"></span>de 2023 y 2022<span class=\"__1 _5\"></span> por importe d<span class=\"ls1c\">e<span class=\"__1 _1bc\"> </span></span><span class=\"ls1c\"> </span>2.713 miles \u20ac y 3.241 <span class=\"__1 _6\"></span>miles \u20ac, respectivamente<span class=\"__1 _6\"></span><span class=\"ff4\">.<span class=\"__1 _1bc\"> </span></span><span class=\"ff4\"> </span>3.13<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Provisiones y contingen<span class=\"__1 _5\"></span>cias<span class=\"__1 _1bc\"> </span></span></span><span class=\"ff5\"><span class=\"ff3_1 fc3\"> </span></span>ENCE recoge provisiones para hacer <span class=\"__1 _5\"></span>frente a obligaciones presentes, ya <span class=\"__1 _5\"></span>sean legales o impl\u00edcitas, que tienen<span class=\"__1 _1bc\"> </span><span class=\"__1 _5\"></span> su orige<span class=\"__1 _5\"></span>n <span class=\"__1 _5\"></span>en <span class=\"__1 _5\"></span>sucesos ya <span class=\"__1 _70\"></span>acaec<span class=\"__1 _6\"></span>idos, siempre <span class=\"__1 _70\"></span>que sea <span class=\"__1 _70\"></span>prob<span class=\"__1 _6\"></span>able que <span class=\"__1 _70\"></span>vaya<span class=\"__1 _8\"></span> <span class=\"__1 _70\"></span>a ser <span class=\"__1 _70\"></span>ne<span class=\"__1 _6\"></span>cesaria <span class=\"__1 _5\"></span>una<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>alida de <span class=\"__1 _70\"></span>recursos<span class=\"__1 _1bc\"> </span> para liquidarlas<span class=\"__1 _6\"></span>, y que su importe se pu<span class=\"__1 _6\"></span>eda estimar razonab<span class=\"__1 _6\"></span>lemente. <span class=\"__1 _6\"></span> Su <span class=\"__1 _70\"></span>dota<span class=\"__1 _6\"></span>ci\u00f3n <span class=\"__1 _70\"></span>se e<span class=\"__1 _5\"></span>fect\u00faa <span class=\"__1 _70\"></span>al <span class=\"__1 _5\"></span>nacimiento <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>la re<span class=\"__1 _5\"></span>sponsab<span class=\"__1 _6\"></span>ilidad <span class=\"__1 _70\"></span>o <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>la <span class=\"__1 _70\"></span>obligaci\u00f3n<span class=\"__1 _6\"></span>, <span class=\"__1 _70\"></span>con <span class=\"__1 _5\"></span>cargo <span class=\"__1 _70\"></span>al <span class=\"__1 _70\"></span>ep\u00edgrafe del <span class=\"__1 _70\"></span>Estad<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span> de <span class=\"__1 _6\"></span>Resultado <span class=\"__1 _6\"></span>con<span class=\"__1 _6\"></span>solidado <span class=\"__1 _8\"></span>que corr<span class=\"__1 _6\"></span>esponda <span class=\"__1 _8\"></span>seg\u00fan <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>naturaleza <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>la<span class=\"__1 _6\"></span> o<span class=\"__1 _6\"></span>bligaci\u00f3n, <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>por <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>alor <span class=\"__1 _6\"></span>presente <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span> la <span class=\"__1 _cd\"> </span>misma <span class=\"__1 _c9\"> </span>cuan<span class=\"__1 _6\"></span>do <span class=\"__1 _cd\"> </span>el <span class=\"__1 _cd\"> </span>efecto <span class=\"__1 _cd\"> </span>de <span class=\"__1 _c9\"> </span>es<span class=\"__1 _6\"></span>ta <span class=\"__1 _cd\"> </span>actualizaci\u00f3n <span class=\"__1 _cd\"> </span>resulte <span class=\"__1 _ce\"> </span>significativa. <span class=\"__1 _cd\"> </span>La <span class=\"__1 _cd\"> </span>variaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>de <span class=\"__1 _c9\"> </span>la <span class=\"__1 _cd\"> </span>prov<span class=\"__1 _6\"></span>isi\u00f3n<span class=\"__1 _1bc\"> </span> correspondiente a la <span class=\"__1 _70\"></span>actualizaci\u00f3<span class=\"__1 _6\"></span>n financiera <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e cada <span class=\"__1 _70\"></span>ejercic<span class=\"__1 _6\"></span>io se <span class=\"__1 _5\"></span>registra<span class=\"__1 _6\"></span> <span class=\"ff6\">en <span class=\"__1 _70\"></span>el ep\u00edgrafe <span class=\"__1 _5\"></span>\u201cGasto<span class=\"__1 _6\"></span>s financieros\u201d<span class=\"__1 _1bc\"> </span></span><span class=\"ff6\"><span class=\"__1 _5\"></span> </span>del Estado d<span class=\"__1 _6\"></span>e Resultado consolidado<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span>Las <span class=\"__1 _4\"></span>p<span class=\"__1 _6\"></span>rovisiones, <span class=\"__1 _4\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>cuantifican <span class=\"__1 _c8\"></span>teniendo <span class=\"__1 _4\"></span>en <span class=\"__1 _c8\"></span>consideraci\u00f3n <span class=\"__1 _c8\"></span>la <span class=\"__1 _4\"></span>mejor <span class=\"__1 _4\"></span>informa<span class=\"__1 _6\"></span>ci\u00f3n <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>isponible <span class=\"__1 _c8\"></span>sobre <span class=\"__1 _4\"></span>las<span class=\"__1 _1bc\"> </span> consecuencias <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>su<span class=\"__1 _6\"></span>ceso <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>que <span class=\"__1 _4\"></span>traen <span class=\"__1 _4\"></span>su <span class=\"__1 _8\"></span>causa, <span class=\"__1 _4\"></span>son <span class=\"__1 _8\"></span>reestimadas<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>con <span class=\"__1 _8\"></span>ocasi\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>cada <span class=\"__1 _4\"></span>cie<span class=\"__1 _5\"></span>rre <span class=\"__1 _8\"></span>con<span class=\"__1 _6\"></span>table<span class=\"__1 _1bc\"> </span> (v\u00e9ase Nota 4).  Los pa<span class=\"__1 _5\"></span>sivos contingentes <span class=\"__1 _70\"></span>constit<span class=\"__1 _6\"></span>uyen obligaciones <span class=\"__1 _70\"></span>posibles con <span class=\"__1 _70\"></span>terceras partes <span class=\"__1 _70\"></span>y <span class=\"__1 _5\"></span>obligaciones existentes <span class=\"__1 _70\"></span>que<span class=\"__1 _1bc\"> </span> no son recono<span class=\"__1 _6\"></span>cidas bien po<span class=\"__1 _6\"></span>rque no es pro<span class=\"__1 _6\"></span>bable que se<span class=\"__1 _6\"></span> prod<span class=\"__1 _6\"></span>uzca una s<span class=\"__1 _6\"></span>alida de flujos eco<span class=\"__1 _6\"></span>n\u00f3micos requerida<span class=\"__1 _1bc\"> </span> para <span class=\"__1 _4\"></span>cancelar <span class=\"__1 _8\"></span>dicha <span class=\"__1 _4\"></span>obligaci\u00f3n, <span class=\"__1 _4\"></span>o <span class=\"__1 _8\"></span>bien <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>orque <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>importe <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>alida <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>fl<span class=\"__1 _6\"></span>ujos <span class=\"__1 _4\"></span>no <span class=\"__1 _8\"></span>puede <span class=\"__1 _4\"></span>ser <span class=\"__1 _8\"></span>estimado <span class=\"__1 _4\"></span>de<span class=\"__1 _1bc\"> </span> forma fiable.<span class=\"__1 _1bc\"> </span> Los p<span class=\"__1 _6\"></span>asivos con<span class=\"__1 _6\"></span>tingentes <span class=\"__1 _6\"></span>no se recono<span class=\"__1 _6\"></span>cen en <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>cuentas <span class=\"__1 _6\"></span>anu<span class=\"__1 _6\"></span>ales, sin<span class=\"__1 _6\"></span>o que <span class=\"__1 _6\"></span>se informa <span class=\"__1 _6\"></span>sobre <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>mismos en<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> la memoria, en la medida en <span class=\"__1 _6\"></span>que no s<span class=\"__1 _6\"></span>ean considerad<span class=\"__1 _6\"></span>os como remotos.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> Indemnizac<span class=\"__1 _6\"></span>iones por cese<span class=\"__1 _1bc\"> </span>De <span class=\"__1 _4\"></span>acuerdo <span class=\"__1 _4\"></span>con <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>reglament<span class=\"__1 _6\"></span>aci\u00f3n <span class=\"__1 _4\"></span>laboral <span class=\"__1 _4\"></span>vigente, <span class=\"__1 _c8\"></span>ENCE <span class=\"__1 _4\"></span>est\u00e1 <span class=\"__1 _4\"></span>obligado <span class=\"__1 _4\"></span>al <span class=\"__1 _4\"></span>pago <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>indemnizaciones <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>los empleados <span class=\"__1 _c1\"> </span>con <span class=\"__1 _c1\"> </span>los <span class=\"__1 _c1\"> </span>que, <span class=\"__1 _c1\"> </span>bajo <span class=\"__1 _c1\"> </span>determinadas <span class=\"__1 _c1\"> </span>condiciones<span class=\"__1 _6\"></span>, <span class=\"__1 _c1\"> </span>rescinda <span class=\"__1 _c1\"> </span>sus <span class=\"__1 _c1\"> </span>relaciones <span class=\"__1 _c1\"> </span>laborales. <span class=\"__1 _c1\"> </span>Las indemnizaciones <span class=\"__1 _8\"></span>por <span class=\"__1 _8\"></span>cese <span class=\"__1 _6\"></span>se <span class=\"__1 _8\"></span>reconocen <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>fecha <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>que <span class=\"__1 _6\"></span>existe <span class=\"__1 _8\"></span>un <span class=\"__1 _8\"></span>plan <span class=\"__1 _8\"></span>f<span class=\"__1 _6\"></span>ormal <span class=\"__1 _8\"></span>detallado <span class=\"__1 _8\"></span>para <span class=\"__1 _8\"></span>llevar <span class=\"__1 _6\"></span>a cabo <span class=\"__1 _c6\"> </span>la  restructuraci\u00f3n <span class=\"__1 _c6\"> </span>y <span class=\"__1 _ca\"> </span>se <span class=\"__1 _c6\"> </span>ha  generado <span class=\"__1 _c6\"> </span>una <span class=\"__1 _c6\"> </span>expectativ<span class=\"__1 _6\"></span>a <span class=\"__1 _c6\"> </span>v\u00e1lid<span class=\"__1 _6\"></span>a <span class=\"__1 _c6\"> </span>entre <span class=\"__1 _ca\"> </span>el <span class=\"__1 _c6\"> </span>personal  afe<span class=\"__1 _5\"></span>ctado <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c6\"> </span>que <span class=\"__1 _ca\"> </span>la<span class=\"__1 _1bc\"> </span> reestructuraci\u00f3n <span class=\"__1 _c8\"></span>se <span class=\"__1 _4\"></span>va <span class=\"__1 _4\"></span>a <span class=\"__1 _c8\"></span>llevar <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>cab<span class=\"__1 _6\"></span>o. <span class=\"__1 _c8\"></span> <span class=\"__1 _4\"></span>No <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>dis<span class=\"__1 _6\"></span>pone <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>pro<span class=\"__1 _6\"></span>visiones <span class=\"__1 _4\"></span>por <span class=\"__1 _4\"></span>es<span class=\"__1 _6\"></span>te <span class=\"__1 _4\"></span>concepto <span class=\"__1 _c8\"></span>al <span class=\"__1 _4\"></span>cierre <span class=\"__1 _4\"></span>de <span class=\"__1 _c8\"></span>los ejercicios 2023 y 2022.<span class=\"__1 _6\"></span> Procedimientos ju<span class=\"__1 _6\"></span>diciales y/o reclamacion<span class=\"__1 _6\"></span>es en curso<span class=\"__1 _6\"></span> Al  cie<span class=\"__1 _5\"></span>rre  de  los <span class=\"__1 _ca\"> </span>ejercicios  2023  y  2022 <span class=\"__1 _c6\"> </span>s<span class=\"__1 _6\"></span>e  encontraban  en  curso <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>istintos  procedimientos  judiciales  y reclamaciones <span class=\"__1 _c9\"> </span>entablados <span class=\"__1 _c9\"> </span>contra <span class=\"__1 _cb\"> </span>ENCE <span class=\"__1 _c9\"> </span>con <span class=\"__1 _cb\"> </span>origen <span class=\"__1 _c9\"> </span>en <span class=\"__1 _cb\"> </span>el <span class=\"__1 _cb\"> </span>desar<span class=\"__1 _6\"></span>rollo <span class=\"__1 _cb\"> </span>hab<span class=\"__1 _6\"></span>itual <span class=\"__1 _c9\"> </span>de <span class=\"__1 _cb\"> </span>sus <span class=\"__1 _cb\"> </span>activ<span class=\"__1 _6\"></span>idades. <span class=\"__1 _c9\"> </span>Los<span class=\"__1 _6\"></span> Administradores,  considerando  la <span class=\"__1 _c6\"> </span>opini\u00f3n  de <span class=\"__1 _c6\"> </span>los<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>as<span class=\"__1 _6\"></span>esores  legales, <span class=\"__1 _c6\"> </span>esti<span class=\"__1 _6\"></span>man  que <span class=\"__1 _c6\"> </span>la  conclusi\u00f3n  de <span class=\"__1 _c6\"> </span>es<span class=\"__1 _6\"></span>tos procedimientos <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>reclamaciones <span class=\"__1 _8\"></span>no <span class=\"__1 _4\"></span>producir\u00e1 <span class=\"__1 _8\"></span>un <span class=\"__1 _8\"></span>efecto <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>ignificativo <span class=\"__1 _8\"></span>ad<span class=\"__1 _6\"></span>icional <span class=\"__1 _8\"></span>a <span class=\"__1 _4\"></span>los <span class=\"__1 _8\"></span>ya <span class=\"__1 _8\"></span>recogidos <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>estos estados finan<span class=\"__1 _6\"></span>cieros. 3.14<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Prestaciones Post empleo <span class=\"__1 _5\"></span>y otros beneficios so<span class=\"__1 _5\"></span>ciales </span></span>Las sociedades del <span class=\"__1 _70\"></span>Grup<span class=\"__1 _6\"></span>o, en su <span class=\"__1 _5\"></span>mayor parte, tienen <span class=\"__1 _5\"></span>establecido un compromiso de <span class=\"__1 _5\"></span>aportaci\u00f3n<span class=\"__1 _6\"></span> def<span class=\"__1 _5\"></span>inida con el <span class=\"__1 _4\"></span>personal <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>permanece <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>activo <span class=\"__1 _4\"></span>al <span class=\"__1 _4\"></span>cierre <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>ejercicio, <span class=\"__1 _4\"></span>consistente <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>aportaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>por <span class=\"__1 _4\"></span>parte <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>la Sociedad y del trab<span class=\"__1 _6\"></span>ajador de <span class=\"__1 _6\"></span>un porcentaje p<span class=\"__1 _6\"></span>reestablecido del su<span class=\"__1 _6\"></span>eldo pensionab<span class=\"__1 _6\"></span>le al \u201cPlan d<span class=\"__1 _6\"></span>e pensiones d<span class=\"__1 _6\"></span>e Promoci\u00f3n <span class=\"__1 _8\"></span>Conjun<span class=\"__1 _6\"></span><span class=\"ff6\">ta\u201d <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>Grupo <span class=\"__1 _8\"></span>ENCE <span class=\"__1 _8\"></span>promovido <span class=\"__1 _8\"></span>al <span class=\"__1 _8\"></span>amparo <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>art\u00edculo <span class=\"__1 _8\"></span>40 <span class=\"__1 _8\"></span>d) <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>Reglamento <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>Planes <span class=\"__1 _4\"></span>y<span class=\"__1 _5\"></span> </span>Fondos <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>Pensiones <span class=\"__1 _8\"></span>(aportaci\u00f3n <span class=\"__1 _8\"></span>definida). <span class=\"__1 _6\"></span>E<span class=\"__1 _6\"></span>ste <span class=\"__1 _8\"></span>plan <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>pens<span class=\"__1 _6\"></span>iones <span class=\"__1 _8\"></span>se <span class=\"__1 _6\"></span>encu<span class=\"__1 _6\"></span>entra <span class=\"__1 _8\"></span>integrado <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>fondo <span class=\"__1 _8\"></span>de Pensiones <span class=\"__1 _4\"></span>SERVIREN<span class=\"__1 _6\"></span>TA <span class=\"__1 _4\"></span>II <span class=\"__1 _4\"></span>F.P. <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>da <span class=\"__1 _c8\"></span>cobertura <span class=\"__1 _4\"></span>tanto <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>las <span class=\"__1 _4\"></span>prestaciones<span class=\"__1 _8\"></span> <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>jubilaci\u00f3n <span class=\"__1 _4\"></span>como <span class=\"__1 _4\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>riesgos <span class=\"__1 _4\"></span>por invalidez y <span class=\"__1 _5\"></span>fallecimiento de <span class=\"__1 _70\"></span>los<span class=\"__1 _6\"></span> part\u00edcipes. <span class=\"__1 _5\"></span>El Grupo <span class=\"__1 _70\"></span>no tiene <span class=\"__1 _5\"></span>compromisos de <span class=\"__1 _5\"></span>prestaci\u00f3n definida <span class=\"__1 _70\"></span>relevan<span class=\"__1 _6\"></span>tes.<span class=\"__1 _8\"></span> Con car\u00e1cter <span class=\"__1 _6\"></span>general, <span class=\"__1 _6\"></span>y en <span class=\"__1 _6\"></span>relaci\u00f3n <span class=\"__1 _6\"></span>al comp<span class=\"__1 _6\"></span>onente de <span class=\"__1 _6\"></span>ahorro, <span class=\"__1 _6\"></span>el beneficiario <span class=\"__1 _6\"></span>aporta <span class=\"__1 _6\"></span>el 1% <span class=\"__1 _6\"></span>de s<span class=\"__1 _6\"></span>u retribu<span class=\"__1 _6\"></span>ci\u00f3n fi<span class=\"ls0_1\">ja y <span class=\"__1 _6\"></span>ENCE <span class=\"__1 _6\"></span>aporta <span class=\"__1 _6\"></span>en torno a<span class=\"__1 _6\"></span>l 5% de <span class=\"__1 _6\"></span>\u00e9sta. <span class=\"__1 _6\"></span>Por su <span class=\"__1 _6\"></span>parte, el <span class=\"__1 _6\"></span>componente de <span class=\"__1 _6\"></span>riesgo, qu<span class=\"__1 _6\"></span>e se materializa <span class=\"__1 _6\"></span>en una </span>p\u00f3liza <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>seguro <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>vi<span class=\"__1 _5\"></span>da <span class=\"__1 _8\"></span>y <span class=\"__1 _4\"></span>ac<span class=\"__1 _5\"></span>cidentes, <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>financia <span class=\"__1 _4\"></span>al<span class=\"__1 _5\"></span> <span class=\"__1 _8\"></span>50% <span class=\"__1 _8\"></span>entre <span class=\"__1 _4\"></span>las <span class=\"__1 _8\"></span>partes. <span class=\"__1 _8\"></span>Las <span class=\"__1 _4\"></span>contingencias <span class=\"__1 _8\"></span>cubiertas <span class=\"__1 _8\"></span>por dicha <span class=\"__1 _6\"></span>p\u00f3<span class=\"__1 _6\"></span>liza <span class=\"__1 _6\"></span>son <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>siguient<span class=\"__1 _6\"></span>es: <span class=\"__1 _6\"></span>jubilaci\u00f3<span class=\"__1 _6\"></span>n, <span class=\"__1 _8\"></span>invalidez <span class=\"__1 _6\"></span>permanente <span class=\"__1 _6\"></span>to<span class=\"__1 _6\"></span>tal, <span class=\"__1 _6\"></span>incapacid<span class=\"__1 _6\"></span>ad <span class=\"__1 _6\"></span>permanente <span class=\"__1 _6\"></span>ab<span class=\"__1 _6\"></span>soluta, <span class=\"__1 _6\"></span>y el <span class=\"__1 _6\"></span>fallecimiento. <span class=\"__1 _8\"></span>El <span class=\"__1 _6\"></span>capital <span class=\"__1 _8\"></span>asegurado <span class=\"__1 _6\"></span>equ<span class=\"__1 _6\"></span>ivale <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>35 <span class=\"__1 _6\"></span>mensualidades <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>retribu<span class=\"__1 _6\"></span>ci\u00f3n <span class=\"__1 _6\"></span>fija, <span class=\"__1 _6\"></span>o <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>doble <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>caso de que las contin<span class=\"__1 _6\"></span>gencias sean derivadas<span class=\"__1 _6\"></span> de accidente.<span class=\"__1 _6\"></span> Para determinados directivos del <span class=\"__1 _5\"></span>Grupo, entre los <span class=\"__1 _70\"></span>qu<span class=\"__1 _6\"></span>e se <span class=\"__1 _70\"></span>inc<span class=\"__1 _6\"></span>luye al <span class=\"__1 _70\"></span>Pres<span class=\"__1 _6\"></span>idente y <span class=\"__1 _5\"></span>a la <span class=\"__1 _70\"></span>alt<span class=\"__1 _6\"></span>a direcci\u00f3n, e<span class=\"__1 _5\"></span>xiste un sistema <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>previsi\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>social, <span class=\"__1 _8\"></span>co<span class=\"__1 _6\"></span>mplementario <span class=\"__1 _4\"></span>al <span class=\"__1 _8\"></span>plan <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>pensiones <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>empleo, <span class=\"__1 _4\"></span>instrumenta<span class=\"__1 _6\"></span>do <span class=\"__1 _4\"></span>a <span class=\"__1 _8\"></span>trav\u00e9s <span class=\"__1 _4\"></span>de seguros colectivos<span class=\"__1 _6\"></span>, destinado a cubrir tan<span class=\"__1 _6\"></span>to la jubilaci\u00f3n como los <span class=\"__1 _6\"></span>riesgos de invalidez y<span class=\"__1 _6\"></span> fallecimiento de los asegurados.<span class=\"__1 _1bc\"> </span>Las <span class=\"__1 _8\"></span>contribuciones <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>los <span class=\"__1 _6\"></span>planes <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>restaci\u00f3n <span class=\"__1 _8\"></span>post <span class=\"__1 _8\"></span>empleo <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>aportaci\u00f3n <span class=\"__1 _8\"></span>definida <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>registra<span class=\"__1 _6\"></span>n <span class=\"__1 _6\"></span>como <span class=\"__1 _8\"></span>gasto en el ep\u00edgrafe \u201cGastos<span class=\"__1 _6\"></span> de personal\u201d d<span class=\"__1 _6\"></span>el Estado de Resultad<span class=\"__1 _6\"></span>o consolidado de a<span class=\"__1 _6\"></span>cuerdo a su deveng<span class=\"__1 _6\"></span><span class=\"ff4\">o<span class=\"__1 _6\"></span>.  </span>Por <span class=\"__1 _4\"></span>otra <span class=\"__1 _4\"></span>parte, <span class=\"__1 _4\"></span>u<span class=\"__1 _6\"></span>n <span class=\"__1 _4\"></span>colectivo <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>an<span class=\"__1 _6\"></span>tiguos <span class=\"__1 _4\"></span>trabaj<span class=\"__1 _6\"></span>adores <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>filial <span class=\"__1 _4\"></span>Celulos<span class=\"__1 _6\"></span>as <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>Asturias<span class=\"__1 _6\"></span>, <span class=\"__1 _4\"></span>S.A. <span class=\"__1 _4\"></span>mantiene <span class=\"__1 _4\"></span>un beneficio consis<span class=\"__1 _6\"></span>tente en <span class=\"__1 _6\"></span>un seguro <span class=\"__1 _6\"></span>de vid<span class=\"__1 _6\"></span>a e <span class=\"__1 _6\"></span>incapacidad. Este <span class=\"__1 _6\"></span>compromiso <span class=\"__1 _6\"></span>se externaliz\u00f3 <span class=\"__1 _6\"></span>en 2014 <span class=\"__1 _6\"></span>a tra<span class=\"__1 _6\"></span>v\u00e9s de una compa\u00f1\u00eda <span class=\"__1 _6\"></span>de seguros. Planes de inc<span class=\"__1 _6\"></span>entivos a largo p<span class=\"__1 _6\"></span>lazo El <span class=\"__1 _c8\"> </span>Grupo<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>valo<span class=\"__1 _6\"></span>ra <span class=\"__1 _c6\"> </span>estos <span class=\"__1 _c8\"> </span>compromiso<span class=\"__1 _6\"></span>s <span class=\"__1 _c8\"> </span>con<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>empleados <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c6\"> </span>cada <span class=\"__1 _c6\"> </span>fecha <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>valoraci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>considerando <span class=\"__1 _c6\"> </span>al <span class=\"__1 _c6\"> </span>valor estimado  del <span class=\"__1 _c6\"> </span>comp<span class=\"__1 _6\"></span>romiso  a  vencimiento <span class=\"__1 _c6\"> </span>y<span class=\"__1 _6\"></span>  el <span class=\"__1 _c6\"> </span>periodo  de <span class=\"__1 _ca\"> </span>tiempo  transcurrido  respe<span class=\"__1 _5\"></span>cto  al <span class=\"__1 _ca\"> </span>periodo  de devengo.<span class=\"__1 _1bc\"> </span>Estos <span class=\"__1 _8\"></span>compro<span class=\"__1 _6\"></span>misos <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>registr<span class=\"ff6\">an<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>ep\u00edgrafe <span class=\"__1 _8\"></span>\u201cGastos <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>personal\u201d <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>Es<span class=\"__1 _6\"></span>tado <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>Resultado <span class=\"__1 _8\"></span>cons<span class=\"__1 _6\"></span>olidado<span class=\"__1 _1bc\"> </span></span>linealmente <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>urante <span class=\"__1 _c8\"> </span>el <span class=\"__1 _c6\"> </span>per\u00edodo<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>devengo <span class=\"__1 _c6\"> </span>del <span class=\"__1 _c8\"> </span>Plan <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>Incentivos, <span class=\"__1 _c6\"> </span>y <span class=\"__1 _c8\"> </span>su <span class=\"__1 _c6\"> </span>contrapartida <span class=\"__1 _c8\"> </span>s<span class=\"__1 _6\"></span>er\u00e1 <span class=\"__1 _c8\"> </span>dis<span class=\"__1 _6\"></span>tinta <span class=\"__1 _c8\"> </span>en<span class=\"__1 _1bc\"> </span>funci\u00f3n d<span class=\"__1 _6\"></span>el modo <span class=\"__1 _6\"></span>de liquidaci<span class=\"__1 _6\"></span>\u00f3n. <span class=\"__1 _6\"></span>En el <span class=\"__1 _6\"></span>caso <span class=\"__1 _6\"></span>de compromisos<span class=\"__1 _6\"></span> que <span class=\"__1 _6\"></span>se liqu<span class=\"__1 _6\"></span>idan <span class=\"__1 _6\"></span>en a<span class=\"__1 _8\"></span>cciones de <span class=\"__1 _6\"></span>ENCE, <span class=\"__1 _6\"></span>el gasto<span class=\"__1 _1bc\"> </span>devengado <span class=\"__1 _4\"></span>se <span class=\"__1 _8\"></span>reconocer\u00e1 <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>ep\u00edgrafe <span class=\"__1 _8\"></span>\u201cPatrimonio <span class=\"__1 _4\"></span>neto <span class=\"__1 _4\"></span>\u2013<span class=\"ff4\"> <span class=\"__1 _8\"></span></span>Otros <span class=\"__1 _4\"></span>instrumentos <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>patrimonio <span class=\"__1 _8\"></span>n<span class=\"__1 _6\"></span>eto\u201d <span class=\"__1 _8\"></span>del<span class=\"__1 _1bc\"> </span>Estado <span class=\"__1 _ce\"> </span>de <span class=\"__1 _ce\"> </span>Situaci\u00f3<span class=\"__1 _6\"></span>n <span class=\"__1 _ce\"> </span>Financiera <span class=\"__1 _ce\"> </span>consolida<span class=\"__1 _6\"></span>do, <span class=\"__1 _ce\"> </span>teniendo <span class=\"__1 _cf\"> </span>en <span class=\"__1 _cd\"> </span>con<span class=\"__1 _6\"></span>sideraci\u00f3n <span class=\"__1 _ce\"> </span>el <span class=\"__1 _ce\"> </span>v<span class=\"__1 _6\"></span>alor <span class=\"__1 _ce\"> </span>razon<span class=\"__1 _6\"></span>able <span class=\"__1 _ce\"> </span>de <span class=\"__1 _ce\"> </span>los<span class=\"__1 _1bc\"> </span>instrumentos <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>patrimonio <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>fecha <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>concesi\u00f3n. <span class=\"__1 _4\"></span>Por <span class=\"__1 _4\"></span>su<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>parte, <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>pasivo <span class=\"__1 _4\"></span>devengado <span class=\"__1 _4\"></span>asociado <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>los<span class=\"__1 _1bc\"> </span>compromisos <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>liquid<span class=\"__1 _6\"></span>an en <span class=\"__1 _6\"></span>efectivo <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>reconocer\u00e1 <span class=\"__1 _6\"></span>con <span class=\"__1 _6\"></span>ab<span class=\"__1 _6\"></span>ono al <span class=\"__1 _6\"></span>ep\u00edgrafe <span class=\"__1 _6\"></span>\u201cProvis<span class=\"__1 _6\"></span>iones\u201d <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>pasivo <span class=\"__1 _6\"></span>del<span class=\"__1 _1bc\"> </span>Estado de Situaci\u00f3n Fin<span class=\"__1 _6\"></span>anciera con<span class=\"__1 _6\"></span>solidado.<span class=\"__1 _1bc\"> </span>Las <span class=\"__1 _4\"></span>estimacion<span class=\"__1 _6\"></span>es <span class=\"__1 _4\"></span>realizadas<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>para <span class=\"__1 _c8\"></span>valorar <span class=\"__1 _c8\"> </span>el <span class=\"__1 _4\"></span>compromiso <span class=\"__1 _c8\"></span>asumido <span class=\"__1 _4\"></span>con <span class=\"__1 _c8\"> </span>el <span class=\"__1 _4\"></span>personal <span class=\"__1 _c8\"> </span>son <span class=\"__1 _4\"></span>revisadas<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>en <span class=\"__1 _c8\"></span>cada<span class=\"__1 _1bc\"> </span>cierre contable, y el <span class=\"__1 _70\"></span>impact<span class=\"__1 _6\"></span>o de las variaciones se <span class=\"__1 _5\"></span>registra en <span class=\"__1 _5\"></span>el ep\u00edgrafe <span class=\"__1 _5\"></span>\u201cGastos de personal\u201d del Estado de<span class=\"__1 _1bc\"> </span>Resultado con<span class=\"__1 _6\"></span>solidado<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span>3.15<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Reconocimiento de ingreso<span class=\"__1 _5\"></span>s y gastos<span class=\"__1 _1bc\"> </span></span></span>Los \u201cIngresos<span class=\"__1 _6\"></span> ordinarios\u201d<span class=\"__1 _6\"></span> representan los importes a co<span class=\"__1 _6\"></span>brar por los bienes entregad<span class=\"__1 _6\"></span>os y servicios prestado<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>en el <span class=\"__1 _70\"></span>marco ordinario de <span class=\"__1 _70\"></span>la actividad, <span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>etos <span class=\"__1 _5\"></span>de devoluciones <span class=\"__1 _5\"></span>y descuentos, <span class=\"__1 _5\"></span>y <span class=\"__1 _5\"></span>cantidades recibidas p<span class=\"__1 _5\"></span>or cuent<span class=\"__1 _5\"></span>a<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _8\"></span>terceros, <span class=\"__1 _8\"></span>tales <span class=\"__1 _8\"></span>como<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>imp<span class=\"__1 _6\"></span>uesto <span class=\"__1 _8\"></span>sobre <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>valo<span class=\"__1 _6\"></span>r <span class=\"__1 _8\"></span>a\u00f1adido. <span class=\"__1 _8\"></span>Lo<span class=\"__1 _8\"></span>s <span class=\"__1 _8\"></span>ingresos<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>reconocen <span class=\"__1 _4\"></span>cuando <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>pueden<span class=\"__1 _1bc\"> </span>medir con fiabilidad y es <span class=\"__1 _5\"></span>probable que ENCE recibir\u00e1 los beneficios econ\u00f3micos asociados a la transacci\u00f3n, y<span class=\"__1 _1bc\"> </span>se valoran p<span class=\"__1 _6\"></span>or el valor razonable de la contrap<span class=\"__1 _6\"></span>restaci\u00f3n recibida <span class=\"__1 _6\"></span>o a recibir.<span class=\"__1 _1bc\"> </span>En este sentido, los ingresos procedentes de la venta de bienes se reconocen cuand<span class=\"__1 _6\"></span>o se transfiere al cliente<span class=\"__1 _1bc\"> </span>el <span class=\"__1 _c8\"> </span>con<span class=\"__1 _6\"></span>trol <span class=\"__1 _c6\"> </span>sobre <span class=\"__1 _c6\"> </span>los <span class=\"__1 _ca\"> </span>mismos, <span class=\"__1 _c6\"> </span>momento<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>que <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c6\"> </span>venta <span class=\"__1 _ca\"> </span>de <span class=\"__1 _c6\"> </span>celulosa <span class=\"__1 _c6\"> </span>se <span class=\"__1 _c6\"> </span>dete<span class=\"__1 _6\"></span>rmina <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c6\"> </span>bas<span class=\"__1 _6\"></span>e <span class=\"__1 _c6\"> </span>al <span class=\"__1 _c6\"> </span>incoterm<span class=\"__1 _1bc\"> </span>(t\u00e9rminos <span class=\"__1 _c6\"> </span>internacionales <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c6\"> </span>comercio) <span class=\"__1 _c6\"> </span>aplicado<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>a <span class=\"__1 _c6\"> </span>cada <span class=\"__1 _c6\"> </span>trans<span class=\"__1 _6\"></span>acci\u00f3n, <span class=\"__1 _c6\"> </span>y <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c6\"> </span>la  venta <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>madera <span class=\"__1 _c6\"> </span>coin<span class=\"__1 _6\"></span>cide<span class=\"__1 _1bc\"> </span>normalmente <span class=\"__1 _8\"></span>con<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>entrega <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>las <span class=\"__1 _4\"></span>in<span class=\"__1 _5\"></span>stalaciones <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>cliente. <span class=\"__1 _8\"></span>Las <span class=\"__1 _4\"></span>obligaciones <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>ENCE <span class=\"__1 _4\"></span>con <span class=\"__1 _8\"></span>sus <span class=\"__1 _8\"></span>clientes <span class=\"__1 _4\"></span>s<span class=\"__1 _5\"></span>e<span class=\"__1 _1bc\"> </span>completan <span class=\"__1 _cb\"> </span>en  el <span class=\"__1 _cb\"> </span>momento <span class=\"__1 _cb\"> </span>de  la <span class=\"__1 _cb\"> </span>entrega  d<span class=\"__1 _6\"></span>el  b<span class=\"__1 _6\"></span>ien, <span class=\"__1 _cb\"> </span>y<span class=\"__1 _5\"></span> <span class=\"__1 _cb\"> </span>la<span class=\"__1 _5\"></span>s <span class=\"__1 _cb\"> </span>devoluciones <span class=\"__1 _cb\"> </span>por  parte <span class=\"__1 _cb\"> </span>de  los <span class=\"__1 _cb\"> </span>clientes <span class=\"__1 _cb\"> </span>son<span class=\"__1 _1bc\"> </span>excepcionales.<span class=\"__1 _1bc\"> </span>Por <span class=\"__1 _6\"></span>su <span class=\"__1 _6\"></span>parte, <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>ingreso<span class=\"__1 _6\"></span>s <span class=\"__1 _6\"></span>asociados <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>generaci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>energ\u00eda <span class=\"__1 _6\"></span>in<span class=\"__1 _6\"></span>cluyen <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>tarifa <span class=\"__1 _6\"></span>percibida <span class=\"__1 _8\"></span>del mercado, <span class=\"__1 _6\"></span>as<span class=\"__1 _6\"></span>\u00ed<span class=\"__1 _1bc\"> </span>como <span class=\"__1 _4\"></span>las <span class=\"__1 _4\"></span>primas <span class=\"__1 _4\"></span>a<span class=\"__1 _5\"></span> <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>generaci\u00f3n <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>energ\u00eda <span class=\"__1 _8\"></span>a <span class=\"__1 _4\"></span>partir <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>fuentes <span class=\"__1 _4\"></span>re<span class=\"__1 _5\"></span>novables <span class=\"__1 _4\"></span>legalmente <span class=\"__1 _4\"></span>reconocidas<span class=\"__1 _8\"></span> <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>sus<span class=\"__1 _1bc\"> </span>mecanismos de ajus<span class=\"__1 _6\"></span>te o comp<span class=\"__1 _6\"></span>ensaci\u00f3n (Vajdm)<span class=\"__1 _6\"></span>, y s<span class=\"__1 _6\"></span>e recono<span class=\"__1 _6\"></span>cen en el mo<span class=\"__1 _6\"></span>mento de s<span class=\"__1 _6\"></span>u generaci\u00f3n y<span class=\"__1 _6\"></span> entrega<span class=\"__1 _1bc\"> </span>al sistema el\u00e9ctrico po<span class=\"__1 _6\"></span>r el importe bruto<span class=\"__1 _6\"></span> de venta, en la medid<span class=\"__1 _6\"></span>a en que se act\u00fa<span class=\"__1 _6\"></span>a como principal.<span class=\"__1 _1bc\"> </span>Los in<span class=\"__1 _6\"></span>gresos asociad<span class=\"__1 _6\"></span>os a <span class=\"__1 _6\"></span>la prestaci\u00f3n d<span class=\"__1 _6\"></span>e servicios, <span class=\"__1 _6\"></span>poco relevantes<span class=\"__1 _6\"></span> en <span class=\"__1 _6\"></span>ENCE, se <span class=\"__1 _6\"></span>reconocen con<span class=\"__1 _6\"></span>siderando el<span class=\"__1 _1bc\"> </span>grado <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>realizaci\u00f3n <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>prestaci\u00f3n <span class=\"__1 _8\"></span>a <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>fecha <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>cierre <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>los <span class=\"__1 _4\"></span>estados <span class=\"__1 _8\"></span>finan<span class=\"__1 _6\"></span>cieros, <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>iempre <span class=\"__1 _8\"></span>y <span class=\"__1 _4\"></span>cuando <span class=\"__1 _4\"></span>el<span class=\"__1 _1bc\"> </span>resultado de la t<span class=\"__1 _6\"></span>ransacci\u00f3n pueda ser estimado co<span class=\"__1 _6\"></span>n fiabilidad. Los in<span class=\"__1 _6\"></span>gresos por <span class=\"__1 _6\"></span>intereses se <span class=\"__1 _6\"></span>reconocen siguiendo <span class=\"__1 _6\"></span>un <span class=\"__1 _6\"></span>criterio financiero, <span class=\"__1 _6\"></span>en fun<span class=\"__1 _6\"></span>ci\u00f3n del <span class=\"__1 _8\"></span>principal p<span class=\"__1 _6\"></span>endiente<span class=\"__1 _1bc\"> </span> de pago, el plazo h<span class=\"__1 _6\"></span>asta el vencimiento, y<span class=\"__1 _6\"></span> el tipo de inter\u00e9s efectivo<span class=\"__1 _6\"></span> aplicable.<span class=\"__1 _6\"></span>  Los <span class=\"__1 _8\"></span>ingresos <span class=\"__1 _8\"></span>por <span class=\"__1 _6\"></span>div<span class=\"__1 _6\"></span>idendos <span class=\"__1 _6\"></span>procedentes <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>inversiones <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>registran <span class=\"__1 _8\"></span>cuando <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>reconocen <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>derecho <span class=\"__1 _8\"></span>a <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>u<span class=\"__1 _1bc\"> </span> percepci\u00f3n.<span class=\"__1 _1bc\"> </span> Los <span class=\"__1 _4\"></span>gastos<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>reconocen <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>Estado<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>Resultado <span class=\"__1 _4\"></span>consolidad<span class=\"__1 _6\"></span>o <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>acuerdo <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>u <span class=\"__1 _4\"></span>devengo. <span class=\"__1 _4\"></span>Asimismo, <span class=\"__1 _4\"></span>se<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> reconoce un gasto d<span class=\"__1 _6\"></span>e forma inmediata cuan<span class=\"__1 _6\"></span>do no s<span class=\"__1 _6\"></span>e prev\u00e9 que genere beneficios econ\u00f3<span class=\"__1 _6\"></span>micos futuros.<span class=\"__1 _1bc\"> </span><span class=\"__1 _8\"></span> Ingresos por ventas de<span class=\"__1 _6\"></span> energ\u00eda<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> De acu<span class=\"__1 _6\"></span>erdo <span class=\"__1 _6\"></span>con <span class=\"__1 _6\"></span>lo <span class=\"__1 _6\"></span>estab<span class=\"__1 _6\"></span>lecido <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>RD <span class=\"__1 _6\"></span>413/201<span class=\"__1 _6\"></span>4, <span class=\"__1 _6\"></span>las <span class=\"__1 _8\"></span>instalaciones <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>gen<span class=\"__1 _6\"></span>eraci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>energ\u00eda <span class=\"__1 _6\"></span>renovab<span class=\"__1 _6\"></span>le <span class=\"__1 _6\"></span>en Espa\u00f1a reciben determinados <span class=\"__1 _5\"></span>incentivos, estableciendo que, <span class=\"__1 _5\"></span>adicionalmente a <span class=\"__1 _5\"></span>la retribuci\u00f3n por la <span class=\"__1 _70\"></span>venta<span class=\"__1 _6\"></span> de<span class=\"__1 _70\"></span> energ\u00eda generada valorada a precio de mercado, las instalaciones podr\u00e1n percibir una retribuci\u00f3n <span class=\"__1 _6\"></span>espec\u00edfica<span class=\"__1 _1bc\"> </span>compuesta por un <span class=\"__1 _70\"></span>t\u00e9rmino por <span class=\"__1 _5\"></span>unidad de <span class=\"__1 _5\"></span>potencia (retribuci\u00f3n <span class=\"__1 _5\"></span>a la <span class=\"__1 _5\"></span>inversi\u00f3n) que <span class=\"__1 _70\"></span>cub<span class=\"__1 _6\"></span>ra c<span class=\"__1 _5\"></span>uando proceda lo<span class=\"__1 _5\"></span>s costes de invers<span class=\"__1 _6\"></span>i\u00f3n de una in<span class=\"__1 _6\"></span>stalaci\u00f3n tipo (IT) que no<span class=\"__1 _6\"></span> pueden s<span class=\"__1 _6\"></span>er recuperados por <span class=\"__1 _6\"></span>la venta d<span class=\"__1 _6\"></span>e energ\u00eda y un<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> t\u00e9rmino <span class=\"__1 _c8\"></span>a <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c8\"> </span>operaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>(retribuci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>a <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c8\"> </span>operaci\u00f3n) <span class=\"__1 _c8\"> </span>qu<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"></span>cubra <span class=\"__1 _c8\"></span>en <span class=\"__1 _c8\"></span>su <span class=\"__1 _c8\"> </span>caso, <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c8\"> </span>diferencia <span class=\"__1 _c8\"> </span>entre <span class=\"__1 _c8\"> </span>cos<span class=\"__1 _6\"></span>tes <span class=\"__1 _c8\"> </span>de<span class=\"__1 _1bc\"> </span> explotaci\u00f3n y <span class=\"__1 _5\"></span>los ingresos <span class=\"__1 _5\"></span>por <span class=\"__1 _70\"></span>la participaci\u00f3n en <span class=\"__1 _5\"></span>el m<span class=\"__1 _5\"></span>ercado de <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>icha instalaci\u00f3n. <span class=\"__1 _5\"></span>El <span class=\"__1 _5\"></span>RD est<span class=\"__1 _5\"></span>ablece, asimismo,<span class=\"__1 _1bc\"> </span> que mediante orden ministerial se actualizar\u00e1n determinad<span class=\"__1 _6\"></span>os par\u00e1metros r<span class=\"__1 _6\"></span>etributivos<span class=\"__1 _6\"></span> en cada semiper\u00edodo<span class=\"__1 _1bc\"> </span> regulatorio de tres a\u00f1<span class=\"__1 _6\"></span>os de duraci\u00f3n (v\u00e9as<span class=\"__1 _6\"></span>e Anexo III <span class=\"__1 _6\"></span><span class=\"ff6\">\u2013</span> Marco Regulatorio <span class=\"__1 _6\"></span>del Sector Energ\u00e9tico)<span class=\"__1 _6\"></span><span class=\"ls17\">. </span> Entre <span class=\"__1 _8\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>aspectos <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>esarrollados <span class=\"__1 _4\"></span>por <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>mencionado <span class=\"__1 _8\"></span>Real <span class=\"__1 _4\"></span>Decreto, <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>esta<span class=\"__1 _6\"></span>blece <span class=\"__1 _8\"></span>que <span class=\"__1 _4\"></span>las<span class=\"__1 _5\"></span> <span class=\"__1 _8\"></span>diferencias <span class=\"__1 _4\"></span>que <span class=\"__1 _8\"></span>se<span class=\"__1 _1bc\"> </span> producen <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c8\"></span>cada <span class=\"__1 _4\"></span>ejercicio,<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>entre <span class=\"__1 _c8\"> </span>los <span class=\"__1 _c8\"> </span>ingresos <span class=\"__1 _c8\"> </span>por <span class=\"__1 _c8\"></span>venta <span class=\"__1 _4\"></span>de <span class=\"__1 _c8\"> </span>energ\u00eda <span class=\"__1 _c8\"></span>al <span class=\"__1 _4\"></span>p<span class=\"__1 _6\"></span>recio <span class=\"__1 _4\"></span>es<span class=\"__1 _6\"></span>timado, <span class=\"__1 _c8\"></span>estimaci\u00f3n <span class=\"__1 _c8\"></span>que<span class=\"__1 _1bc\"> </span> determina <span class=\"__1 _6\"></span>el regulado<span class=\"__1 _6\"></span>r al <span class=\"__1 _6\"></span>inicio<span class=\"__1 _6\"></span> de <span class=\"__1 _6\"></span>cada s<span class=\"__1 _6\"></span>emiper\u00edodo <span class=\"__1 _6\"></span>regulato<span class=\"__1 _6\"></span>rio trianu<span class=\"__1 _6\"></span>al, y <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>ingresos <span class=\"__1 _6\"></span>por v<span class=\"__1 _6\"></span>enta al <span class=\"__1 _6\"></span>precio<span class=\"__1 _1bc\"> </span> medio real <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>m<span class=\"__1 _6\"></span>ercado <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>dicho <span class=\"__1 _6\"></span>ejercicio, <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>regularizan <span class=\"__1 _6\"></span>en<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>retribuci\u00f3n <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>obtener <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>ejercicios <span class=\"__1 _6\"></span>futuros <span class=\"__1 _6\"></span>a<span class=\"__1 _1bc\"> </span> trav\u00e9s <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>un <span class=\"__1 _4\"></span>ajuste <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>n <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>\u201c<span class=\"ff4\">R</span>etribuci\u00f3n <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>inversi\u00f3n\u201d. <span class=\"__1 _4\"></span>Dicha <span class=\"__1 _4\"></span>difere<span class=\"__1 _5\"></span>ncia <span class=\"__1 _4\"></span>denominada <span class=\"__1 _4\"></span>\u201cValor <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>ajuste <span class=\"__1 _4\"></span>por<span class=\"__1 _1bc\"> </span> desviaciones <span class=\"__1 _70\"></span>en <span class=\"__1 _70\"></span>el <span class=\"__1 _70\"></span>pre<span class=\"__1 _6\"></span>cio <span class=\"__1 _70\"></span>del <span class=\"__1 _70\"></span>mercado<span class=\"__1 _6\"></span>- <span class=\"__1 _70\"></span><span class=\"ff6\">Vajdm\u201d <span class=\"__1 _70\"></span>v<span class=\"__1 _6\"></span>iene <span class=\"__1 _70\"></span>regula<span class=\"__1 _6\"></span>da <span class=\"__1 _70\"></span>en <span class=\"__1 _70\"></span>el <span class=\"__1 _70\"></span>art\u00edculo <span class=\"__1 _5\"></span>22 <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>dicho <span class=\"__1 _5\"></span>Real <span class=\"__1 _70\"></span>Decreto <span class=\"__1 _70\"></span>(v<span class=\"__1 _6\"></span>\u00e9a<span class=\"ff4\">n<span class=\"__1 _6\"></span>se<span class=\"__1 _1bc\"> </span></span></span><span class=\"ff6\"><span class=\"ff4\"> </span></span>Nota 10 y Anexo III).<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> El  tratamiento  contable  aplicado  por  ENCE<span class=\"__1 _6\"></span>  al  Vajdm  qued\u00f3  recogido  en  el <span class=\"__1 _ca\"> </span>docume<span class=\"__1 _6\"></span>nto  \u201cCriterio  para<span class=\"__1 _1bc\"> </span> contabilizar <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>\u201cValor<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>ajus<span class=\"__1 _6\"></span>tes <span class=\"__1 _6\"></span>por <span class=\"__1 _6\"></span>desviacion<span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el p<span class=\"__1 _6\"></span>recio <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>mercado\u201d<span class=\"__1 _6\"></span> (<span class=\"__1 _6\"></span>Vajdm), <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e acu<span class=\"__1 _6\"></span>erdo <span class=\"__1 _6\"></span>con <span class=\"__1 _6\"></span>el<span class=\"__1 _1bc\"> </span> art\u00edculo 22 del real decr<span class=\"__1 _6\"></span><span class=\"ff6\">eto 413/2014\u201d pub<span class=\"__1 _6\"></span>licado por la CNMV el 22 d<span class=\"__1 _6\"></span>e octubre d<span class=\"__1 _6\"></span>e 2021: </span><span class=\"ff6\"><span class=\"__1 _6\"></span></span> \u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4 fc0_1\">Con car\u00e1cter general <span class=\"__1 _6\"></span>se recon<span class=\"__1 _6\"></span>oce en <span class=\"__1 _6\"></span>el Es<span class=\"__1 _6\"></span>tado d<span class=\"__1 _6\"></span>e Situaci\u00f3n Financiera <span class=\"__1 _6\"></span>cada <span class=\"__1 _6\"></span>una <span class=\"__1 _6\"></span>de las d<span class=\"__1 _6\"></span>esviaciones del<span class=\"__1 _1bc\"> </span></span></span><span class=\"ff2_1\"><span class=\"ff4 fc0_1\"> </span></span>mercado, pos<span class=\"__1 _6\"></span>itivas y <span class=\"__1 _6\"></span>negativas <span class=\"__1 _6\"></span>que surgen <span class=\"__1 _6\"></span>al amparo <span class=\"__1 _6\"></span>del RD 413/20<span class=\"__1 _6\"></span>14 con <span class=\"__1 _6\"></span>contrapartida <span class=\"__1 _6\"></span>en e<span class=\"__1 _8\"></span>l importe<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> neto de la cifra de negocios. <span class=\"__1 _6\"></span> En este sentido, los ajustes por desviacion<span class=\"__1 _6\"></span>es del pool positivos netos que se vayan generan<span class=\"__1 _6\"></span>do a lo largo<span class=\"__1 _1bc\"> </span> de <span class=\"__1 _6\"></span>un <span class=\"__1 _8\"></span>mismo <span class=\"__1 _6\"></span>semiperiodo <span class=\"__1 _6\"></span>reg<span class=\"__1 _6\"></span>ulatorio <span class=\"__1 _6\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>repres<span class=\"__1 _6\"></span>entar\u00e1n <span class=\"__1 _6\"></span>un <span class=\"__1 _8\"></span>incremento <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>las <span class=\"__1 _8\"></span>retribuciones <span class=\"__1 _6\"></span>futu<span class=\"__1 _6\"></span>ras<span class=\"__1 _1bc\"> </span> recibidas d<span class=\"ff6\">e <span class=\"__1 _5\"></span>CNMC se <span class=\"__1 _5\"></span>registra<span class=\"__1 _6\"></span>n como <span class=\"__1 _70\"></span>u<span class=\"__1 _6\"></span>n activo <span class=\"__1 _5\"></span>en el <span class=\"__1 _70\"></span>ep\u00ed<span class=\"__1 _6\"></span>grafe \u201cOtras inversiones f<span class=\"__1 _5\"></span>inancieras<span class=\"__1 _6\"></span>\u201d y <span class=\"__1 _70\"></span>como un<span class=\"__1 _1bc\"> </span></span><span class=\"ff6\"> </span>mayor ingreso <span class=\"__1 _6\"></span>asociad<span class=\"__1 _6\"></span>o a <span class=\"__1 _6\"></span>la v<span class=\"__1 _6\"></span>enta de <span class=\"__1 _6\"></span>electricidad. <span class=\"__1 _6\"></span>Dicho <span class=\"__1 _6\"></span>activo <span class=\"__1 _6\"></span>neto, <span class=\"__1 _6\"></span>una <span class=\"__1 _6\"></span>vez finalizad<span class=\"__1 _6\"></span>o el <span class=\"__1 _6\"></span>semiperiodo<span class=\"__1 _1bc\"> </span> regulatorio <span class=\"__1 _4\"></span>se <span class=\"__1 _8\"></span>revierte <span class=\"__1 _4\"></span>reduciendo <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>ingres<span class=\"__1 _6\"></span>o <span class=\"__1 _4\"></span>asociado <span class=\"__1 _8\"></span>a <span class=\"__1 _4\"></span>la <span class=\"__1 _c8\"></span>venta <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>electricidad <span class=\"__1 _4\"></span>a <span class=\"__1 _8\"></span>lo <span class=\"__1 _4\"></span>largo <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>vida<span class=\"__1 _1bc\"> </span> regulatoria restante de la in<span class=\"__1 _6\"></span>stalaci\u00f3n.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> Por su <span class=\"__1 _5\"></span>parte, los <span class=\"__1 _5\"></span>ajustes por de<span class=\"__1 _5\"></span>sviaciones del pool <span class=\"__1 _5\"></span>negativos netos que <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _5\"></span>vayan generando a <span class=\"__1 _5\"></span>lo largo <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span> un <span class=\"__1 _c8\"> </span>mis<span class=\"__1 _6\"></span>mo <span class=\"__1 _c8\"> </span>semiperiod<span class=\"__1 _6\"></span>o <span class=\"__1 _c8\"> </span>regul<span class=\"__1 _6\"></span>atorio <span class=\"__1 _c6\"> </span>y <span class=\"__1 _c8\"> </span>qu<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"> </span>representar\u00e1n<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>una <span class=\"__1 _c6\"> </span>reducci\u00f3n  en <span class=\"__1 _c8\"> </span>las <span class=\"__1 _c6\"> </span>retribuciones <span class=\"__1 _c6\"> </span>futuras<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> recibidas <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>CNM<span class=\"__1 _6\"></span>C <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>registran <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>funci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>su<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>encimien<span class=\"__1 _6\"></span>to <span class=\"__1 _8\"></span>como <span class=\"__1 _6\"></span>un<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>pas<span class=\"__1 _6\"></span>ivo <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>ep\u00edgrafes <span class=\"__1 _8\"></span>\u201cOtros<span class=\"__1 _1bc\"> </span> pasivos <span class=\"__1 _4\"></span>no <span class=\"__1 _8\"></span>corrient<span class=\"__1 _6\"></span>es\u201d <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>\u201cOtros <span class=\"__1 _4\"></span>pasivos <span class=\"__1 _4\"></span>corrientes\u201d <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>como <span class=\"__1 _4\"></span>un <span class=\"__1 _8\"></span>menor <span class=\"__1 _4\"></span>ingreso <span class=\"__1 _4\"></span>asociado <span class=\"__1 _8\"></span>a <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>venta <span class=\"__1 _8\"></span>de<span class=\"__1 _1bc\"> </span> electricidad. Dicho <span class=\"__1 _70\"></span>pasiv<span class=\"__1 _6\"></span>o <span class=\"__1 _5\"></span>neto, <span class=\"__1 _5\"></span>una vez <span class=\"__1 _70\"></span>finalizado el <span class=\"__1 _70\"></span>semiperiodo re<span class=\"__1 _5\"></span>gulatorio se <span class=\"__1 _70\"></span>revierte <span class=\"__1 _5\"></span>incrementand<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span> el ingreso asociado a<span class=\"__1 _6\"></span> la venta de electricidad a<span class=\"__1 _6\"></span> lo largo de la vid<span class=\"__1 _6\"></span>a regulatoria restante d<span class=\"__1 _6\"></span>e la instalaci\u00f3n.<span class=\"__1 _1bc\"> </span>\u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4 fc0_1\">El <span class=\"__1 _c8\"> </span>r\u00e9gimen <span class=\"__1 _c8\"> </span>retributiv<span class=\"__1 _6\"></span>o <span class=\"__1 _c8\"> </span>s<span class=\"__1 _6\"></span>upone <span class=\"__1 _c8\"> </span>una <span class=\"__1 _c6\"> </span>garant\u00eda <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"></span>rentabilidad <span class=\"__1 _c6\"> </span>m\u00ednima, <span class=\"__1 _c8\"> </span>p<span class=\"__1 _6\"></span>ero<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>n<span class=\"__1 _6\"></span>o <span class=\"__1 _c8\"> </span>impone <span class=\"__1 _c8\"> </span>un <span class=\"__1 _c6\"> </span>techo <span class=\"__1 _c6\"> </span>a <span class=\"__1 _c8\"> </span>la<span class=\"__1 _1bc\"> </span></span></span>rentabilidad <span class=\"__1 _8\"></span>obten<span class=\"__1 _6\"></span>ible <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>mercado, <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>or <span class=\"__1 _8\"></span>lo <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>aj<span class=\"__1 _6\"></span>ustes <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>or <span class=\"__1 _8\"></span>desviaciones<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>pool <span class=\"__1 _8\"></span>negativos <span class=\"__1 _4\"></span>tienen<span class=\"__1 _1bc\"> </span>como l\u00edm<span class=\"__1 _5\"></span>ite, para cada <span class=\"__1 _5\"></span>instalaci\u00f3n, su Valor <span class=\"__1 _70\"></span>Neto del <span class=\"__1 _70\"></span>Activ<span class=\"__1 _6\"></span>o <span class=\"ff6\">\u2013</span> VNA <span class=\"__1 _70\"></span>(concepto retributivo que representa<span class=\"__1 _1bc\"> </span>el valor actual de los<span class=\"__1 _6\"></span> cobro<span class=\"__1 _6\"></span>s futuros en concepto d<span class=\"__1 _6\"></span>e retribuci\u00f3n a la inversi\u00f3n<span class=\"__1 _6\"></span>).<span class=\"__1 _1bc\"> </span>\u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4 fc0_1\">A <span class=\"__1 _8\"></span>efectos <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>presentaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>Esta<span class=\"__1 _6\"></span>do <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>Situaci\u00f3n <span class=\"__1 _4\"></span>Financiera, <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>saldos <span class=\"__1 _8\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>han <span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>riginado <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>e<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span></span></span>semiper\u00edodo <span class=\"__1 _4\"></span>corriente <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>presentar\u00e1n <span class=\"__1 _4\"></span>para <span class=\"__1 _4\"></span>cada <span class=\"__1 _4\"></span>instalaci\u00f3n <span class=\"__1 _4\"></span>como <span class=\"__1 _4\"></span>un <span class=\"__1 _4\"></span>activo <span class=\"__1 _4\"></span>neto, <span class=\"__1 _4\"></span>si <span class=\"__1 _4\"></span>las <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>esviacion<span class=\"__1 _8\"></span>es<span class=\"__1 _1bc\"> </span>positivas <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c8\"></span>el <span class=\"__1 _4\"></span>semiperiodo <span class=\"__1 _c8\"> </span>su<span class=\"__1 _6\"></span>peran <span class=\"__1 _c8\"></span>a <span class=\"__1 _c8\"></span>las <span class=\"__1 _4\"></span>n<span class=\"__1 _6\"></span>egativas, <span class=\"__1 _c8\"></span>o <span class=\"__1 _4\"></span>un <span class=\"__1 _c8\"></span>pasivo <span class=\"__1 _c8\"></span>neto, <span class=\"__1 _c8\"></span>si <span class=\"__1 _c8\"></span>las <span class=\"__1 _4\"></span>desv<span class=\"__1 _6\"></span>iaciones <span class=\"__1 _4\"></span>negativ<span class=\"__1 _6\"></span>as<span class=\"__1 _1bc\"> </span>superan <span class=\"__1 _8\"></span>a las <span class=\"__1 _8\"></span>positivas. <span class=\"__1 _6\"></span>Por <span class=\"__1 _6\"></span>lo <span class=\"__1 _6\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>refiere <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>semiper\u00edodos <span class=\"__1 _8\"></span>anteriores, <span class=\"__1 _6\"></span>igualmente <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>resentar\u00e1n<span class=\"__1 _1bc\"> </span>para  cada  instalaci\u00f3n  como <span class=\"__1 _c6\"> </span>un  activo  neto <span class=\"__1 _ca\"> </span>si  los  importes <span class=\"__1 _c6\"> </span>acumulad<span class=\"__1 _6\"></span>os  por  desviaciones <span class=\"__1 _c6\"> </span>p<span class=\"__1 _6\"></span>ositivas<span class=\"__1 _1bc\"> </span>correspondientes <span class=\"__1 _d1\"> </span>a <span class=\"__1 _cc\"> </span>todos <span class=\"__1 _d1\"> </span>los <span class=\"__1 _cc\"> </span>semiper\u00edodos <span class=\"__1 _cc\"> </span>an<span class=\"__1 _6\"></span>teriores <span class=\"__1 _cc\"> </span>sup<span class=\"__1 _6\"></span>eran <span class=\"__1 _cc\"> </span>los <span class=\"__1 _cc\"> </span>importes<span class=\"__1 _6\"></span> <span class=\"__1 _cc\"> </span>acumulados <span class=\"__1 _d1\"> </span>por<span class=\"__1 _1bc\"> </span>desviaciones  negativas <span class=\"__1 _ca\"> </span>correspondientes  igualmente <span class=\"__1 _c6\"> </span>a  dichos  semiper\u00edodos <span class=\"__1 _c6\"> </span>anteriore<span class=\"__1 _6\"></span>s,  o <span class=\"__1 _c6\"> </span>como  un<span class=\"__1 _1bc\"> </span>pasivo n<span class=\"__1 _6\"></span>eto en caso cont<span class=\"__1 _6\"></span>rario. No <span class=\"__1 _6\"></span>obstante <span class=\"__1 _6\"></span>lo <span class=\"__1 _6\"></span>anterior, <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>i a <span class=\"__1 _8\"></span>lo largo <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>vida <span class=\"__1 _6\"></span>regulatoria <span class=\"__1 _6\"></span>resid<span class=\"__1 _6\"></span>ual <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>activos, <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>considera, <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>acuerdo<span class=\"__1 _1bc\"> </span>con <span class=\"__1 _6\"></span>su <span class=\"__1 _6\"></span>mejor <span class=\"__1 _6\"></span>estimaci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>evoluci\u00f3n <span class=\"__1 _6\"></span>futu<span class=\"__1 _6\"></span>ra <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>los p<span class=\"__1 _6\"></span>recios <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>mercado d<span class=\"__1 _6\"></span>e la <span class=\"__1 _6\"></span>energ\u00eda <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e otro<span class=\"__1 _6\"></span>s <span class=\"__1 _6\"></span>factores<span class=\"__1 _1bc\"> </span>cualitativos, <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>ser\u00eda <span class=\"__1 _8\"></span>altam<span class=\"__1 _6\"></span>ente <span class=\"__1 _4\"></span>probable <span class=\"__1 _4\"></span>que <span class=\"__1 _8\"></span>se <span class=\"__1 _4\"></span>obtendr\u00e1n <span class=\"__1 _4\"></span>rentabilidades <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>mercad<span class=\"__1 _6\"></span>o <span class=\"__1 _4\"></span>superiores <span class=\"__1 _4\"></span>a <span class=\"__1 _8\"></span>las<span class=\"__1 _1bc\"> </span>establecidas <span class=\"__1 _c9\"> </span>en <span class=\"__1 _c9\"> </span>el <span class=\"__1 _c9\"> </span>RD <span class=\"__1 _c9\"> </span>413/2014 <span class=\"__1 _c9\"> </span>y <span class=\"__1 _c9\"> </span>q<span class=\"__1 _6\"></span>ue, <span class=\"__1 _c9\"> </span>por <span class=\"__1 _c9\"> </span>lo <span class=\"__1 _c9\"> </span>tanto, <span class=\"__1 _c9\"> </span>abandonar <span class=\"__1 _c9\"> </span>el <span class=\"__1 _c9\"> </span>r\u00e9gimen <span class=\"__1 _c9\"> </span>retributivo <span class=\"__1 _c9\"> </span>no <span class=\"__1 _c9\"> </span>ten<span class=\"__1 _6\"></span>dr\u00eda<span class=\"__1 _1bc\"> </span>consecuencias <span class=\"__1 _ca\"> </span>econ\u00f3micas <span class=\"__1 _c6\"> </span>s<span class=\"__1 _6\"></span>ignificativamente <span class=\"__1 _c6\"> </span>m\u00e1s<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>adv<span class=\"__1 _6\"></span>ersas <span class=\"__1 _c6\"> </span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _c6\"> </span>permanecer <span class=\"__1 _c6\"> </span>en  dicho <span class=\"__1 _c6\"> </span>r\u00e9gi<span class=\"__1 _6\"></span>men,<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c6\"> </span>es<span class=\"__1 _6\"></span>a<span class=\"__1 _1bc\"> </span>situaci\u00f3n s<span class=\"__1 _6\"></span>e reconoce s\u00f3lo el activo asociado a las d<span class=\"__1 _6\"></span>esviaciones del pool positivas. Esta<span class=\"__1 _6\"></span> situaci\u00f3n se produce<span class=\"__1 _1bc\"> </span>en <span class=\"__1 _c6\"> </span>aq<span class=\"__1 _6\"></span>uellas  instalaciones <span class=\"__1 _ca\"> </span>tipo <span class=\"__1 _c6\"> </span>(IT)  en <span class=\"__1 _c6\"> </span>las  que, <span class=\"__1 _c6\"> </span>consid<span class=\"__1 _6\"></span>erando <span class=\"__1 _c6\"> </span>las<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>prevision<span class=\"__1 _6\"></span>es <span class=\"__1 _ca\"> </span>de <span class=\"__1 _ca\"> </span>precios <span class=\"__1 _ca\"> </span>de <span class=\"__1 _ca\"> </span>mercado, <span class=\"__1 _ca\"> </span>la<span class=\"__1 _1bc\"> </span>direcci\u00f3n <span class=\"__1 _c6\"> </span>del <span class=\"__1 _c6\"> </span>Grupo <span class=\"__1 _c6\"> </span>estim<span class=\"__1 _6\"></span>e <span class=\"__1 _c6\"> </span>que<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c6\"> </span>revisi\u00f3n <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c6\"> </span>par\u00e1metros <span class=\"__1 _c6\"> </span>retribu<span class=\"__1 _6\"></span>tivos <span class=\"__1 _c6\"> </span>correspo<span class=\"__1 _6\"></span>ndiente <span class=\"__1 _c8\"> </span>al <span class=\"__1 _c6\"> </span>s<span class=\"__1 _6\"></span>iguiente<span class=\"__1 _1bc\"> </span>semiperiodo <span class=\"__1 _8\"></span>regulatorio <span class=\"__1 _8\"></span>es <span class=\"__1 _6\"></span>prob<span class=\"__1 _6\"></span>able <span class=\"__1 _6\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>se <span class=\"__1 _8\"></span>obtenga <span class=\"__1 _8\"></span>retribuci\u00f3n <span class=\"__1 _8\"></span>futura <span class=\"__1 _8\"></span>del <span class=\"__1 _6\"></span>regulad<span class=\"__1 _6\"></span>or, <span class=\"__1 _6\"></span>o <span class=\"__1 _8\"></span>bien, <span class=\"__1 _8\"></span>esta <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>er\u00e1<span class=\"__1 _1bc\"> </span>poco <span class=\"__1 _8\"></span>significativa.<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>En <span class=\"__1 _8\"></span>estos <span class=\"__1 _8\"></span>casos <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>cons<span class=\"__1 _6\"></span>idera <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>valoraci\u00f3n <span class=\"__1 _8\"></span>asignable <span class=\"__1 _8\"></span>al<span class=\"__1 _8\"></span> <span class=\"__1 _8\"></span>pasivo <span class=\"__1 _8\"></span>asociado <span class=\"__1 _8\"></span>al <span class=\"__1 _8\"></span>ajuste <span class=\"__1 _8\"></span>por<span class=\"__1 _1bc\"> </span>desviaciones <span class=\"__1 _c8\"> </span>por <span class=\"__1 _c8\"> </span>precios <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>mercado <span class=\"__1 _c8\"> </span>es <span class=\"__1 _c8\"> </span>cero <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c8\"> </span>por <span class=\"__1 _c8\"> </span>tanto <span class=\"__1 _c8\"> </span>se <span class=\"__1 _c8\"> </span>regulariza <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c8\"> </span>ese <span class=\"__1 _c8\"> </span>mom<span class=\"__1 _6\"></span>ento <span class=\"__1 _c8\"></span>las <span class=\"__1 _c8\"></span>diferencias<span class=\"__1 _1bc\"> </span>negativas <span class=\"__1 _c8\"> </span>existentes<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>hasta <span class=\"__1 _c8\"> </span>esa <span class=\"__1 _c8\"> </span>fecha <span class=\"__1 _c8\"> </span>a <span class=\"__1 _c6\"> </span>trav\u00e9s <span class=\"__1 _c8\"> </span>del <span class=\"__1 _c8\"> </span>mismo <span class=\"__1 _c6\"> </span>ep\u00edgrafe <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c8\"> </span>cuenta <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c8\"></span>p\u00e9rdidas <span class=\"__1 _c6\"> </span>y <span class=\"__1 _c8\"> </span>ganancias<span class=\"__1 _1bc\"> </span>consolidada <span class=\"__1 _6\"></span>y conforme a lo es<span class=\"__1 _6\"></span>tablecido por la N<span class=\"__1 _6\"></span>IC 8 respecto de un cambio <span class=\"__1 _6\"></span>en las estimaciones.<span class=\"__1 _1bc\"> </span>En <span class=\"__1 _8\"></span>sentido <span class=\"__1 _8\"></span>contrario, <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>i <span class=\"__1 _6\"></span>como <span class=\"__1 _8\"></span>con<span class=\"__1 _6\"></span>secuencia <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>oscilaciones <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>precio <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>mercado <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>futuro, <span class=\"__1 _8\"></span>diferencias<span class=\"__1 _1bc\"> </span>negativas <span class=\"__1 _4\"></span>valoradas<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>cero <span class=\"__1 _8\"></span>conforme <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>lo <span class=\"__1 _4\"></span>comentado <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>p\u00e1rrafos <span class=\"__1 _4\"></span>anteriore<span class=\"__1 _8\"></span>s <span class=\"__1 _4\"></span>recuperasen <span class=\"__1 _4\"></span>valor <span class=\"__1 _4\"></span>como<span class=\"__1 _1bc\"> </span>consecuencia en el cambio de e<span class=\"__1 _5\"></span>xpectativas respecto del valor del VNA del <span class=\"__1 _5\"></span>IT asociado o de <span class=\"__1 _5\"></span>la expectativa de<span class=\"__1 _1bc\"> </span>cobro  de  retribuci\u00f3n  a  la  in<span class=\"__1 _5\"></span>versi\u00f3n,  dicha  modificaci\u00f3n  se  registrar\u00eda  igualmente  como  un  cambio  en<span class=\"__1 _1bc\"> </span>estimaciones confor<span class=\"__1 _6\"></span>me a lo indicado en<span class=\"__1 _6\"></span> la NIC 8.<span class=\"__1 _1bc\"> </span>Al <span class=\"__1 _8\"></span><span class=\"ls0_1\">31 <span class=\"__1 _4\"></span>de <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>iciembre <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>2023, <span class=\"__1 _8\"></span>cons<span class=\"__1 _6\"></span>iderando <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>situaci\u00f3n <span class=\"__1 _8\"></span>actual <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>mercado <span class=\"__1 _8\"></span>energ\u00e9tico, <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>evoluci\u00f3n <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>las<span class=\"__1 _1bc\"> </span></span>cotizaciones <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>futuro <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>precios <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>energ\u00eda <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>corto <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>medio <span class=\"__1 _4\"></span>plazo, <span class=\"__1 _4\"></span>as\u00ed <span class=\"__1 _4\"></span>como <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>regulaci\u00f3n <span class=\"__1 _4\"></span>vigente, <span class=\"__1 _4\"></span>el<span class=\"__1 _1bc\"> </span>Grupo <span class=\"__1 _70\"></span>registra <span class=\"__1 _70\"></span>pas<span class=\"__1 _6\"></span>ivo <span class=\"__1 _70\"></span>derivado<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>del <span class=\"__1 _70\"></span>ajus<span class=\"__1 _6\"></span>te <span class=\"__1 _70\"></span>por <span class=\"__1 _70\"></span>desviaciones<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>negativas<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>precios <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>mercado <span class=\"__1 _70\"></span>existente <span class=\"__1 _70\"></span>a<span class=\"__1 _6\"></span> dicha<span class=\"__1 _1bc\"> </span>fecha en todas la<span class=\"__1 _6\"></span>s IT en las que opera.<span class=\"__1 _1bc\"> </span>3.16<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Impuesto sobre beneficio<span class=\"__1 _5\"></span>s<span class=\"__1 _1bc\"> </span></span></span>El <span class=\"__1 _6\"></span>Grupo <span class=\"__1 _6\"></span>tributa <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>Impuesto<span class=\"__1 _6\"></span> s<span class=\"__1 _6\"></span>obre <span class=\"__1 _6\"></span>Sociedades <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>trav\u00e9s <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e d<span class=\"__1 _6\"></span>os <span class=\"__1 _6\"></span>Grupos <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>cons<span class=\"__1 _6\"></span>olidaci\u00f3n <span class=\"__1 _6\"></span>fiscal <span class=\"__1 _6\"></span>regu<span class=\"__1 _8\"></span>lados<span class=\"__1 _1bc\"> </span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>Cap\u00edtulo <span class=\"__1 _4\"></span>VI <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _4\"></span>T\u00edtulo <span class=\"__1 _4\"></span>V<span class=\"__1 _6\"></span>II <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>Texto <span class=\"__1 _c8\"></span>Refundido <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>la <span class=\"__1 _c8\"></span>Ley <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>Impuesto <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>obre <span class=\"__1 _4\"></span>Socied<span class=\"__1 _6\"></span>ades, <span class=\"__1 _4\"></span>siendo <span class=\"__1 _c8\"></span>las<span class=\"__1 _1bc\"> </span>cabeceras de <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>ichos Grupos Ence Energ\u00eda <span class=\"__1 _70\"></span>y Celulosa, S.A. y Magnon <span class=\"__1 _70\"></span>Gre<span class=\"__1 _6\"></span>en Energy, <span class=\"__1 _5\"></span>S.L. Se <span class=\"__1 _5\"></span>integran en <span class=\"__1 _5\"></span>dichos<span class=\"__1 _1bc\"> </span>Grupos <span class=\"__1 _6\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>filiales <span class=\"__1 _6\"></span>qu<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>est\u00e1n <span class=\"__1 _8\"></span>domiciliadas<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>E<span class=\"__1 _6\"></span>spa\u00f1a <span class=\"__1 _8\"></span>y <span class=\"__1 _6\"></span>sobre <span class=\"__1 _6\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>que <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>cabecera <span class=\"__1 _6\"></span>tiene <span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>na <span class=\"__1 _8\"></span>participaci\u00f3n <span class=\"__1 _6\"></span>en<span class=\"__1 _1bc\"> </span>su capital s<span class=\"__1 _6\"></span>ocial igual o superior al 75%. El <span class=\"__1 _c6\"> </span>gasto<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>o <span class=\"__1 _ca\"> </span>ingreso <span class=\"__1 _c6\"> </span>po<span class=\"__1 _6\"></span>r <span class=\"__1 _c6\"> </span>el <span class=\"__1 _c6\"> </span>Im<span class=\"__1 _6\"></span>puesto <span class=\"__1 _ca\"> </span>sobre <span class=\"__1 _c6\"> </span>Sociedad<span class=\"__1 _6\"></span>es <span class=\"__1 _c6\"> </span>comprende <span class=\"__1 _ca\"> </span>tanto <span class=\"__1 _ca\"> </span>el <span class=\"__1 _c6\"> </span>impuesto<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>corriente <span class=\"__1 _ca\"> </span>como <span class=\"__1 _c6\"> </span>e<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span>impuesto  diferido.  El <span class=\"__1 _cb\"> </span>impuesto  sobre  las  gan<span class=\"__1 _6\"></span>ancias  corriente  o  diferido  se  reconoce  en <span class=\"__1 _cb\"> </span>el  Estado  de<span class=\"__1 _1bc\"> </span>Resultado <span class=\"__1 _6\"></span>consolidado, s<span class=\"__1 _6\"></span>alvo que su<span class=\"__1 _6\"></span>rja de un<span class=\"__1 _6\"></span>a transacci\u00f3n o <span class=\"__1 _6\"></span>suceso <span class=\"__1 _6\"></span>econ\u00f3mico q<span class=\"__1 _6\"></span>ue se ha <span class=\"__1 _6\"></span>reconocido, <span class=\"__1 _6\"></span>en el<span class=\"__1 _1bc\"> </span>mismo ejercicio o en otro d<span class=\"__1 _6\"></span>iferente, contra<span class=\"__1 _6\"></span> patrimonio neto o<span class=\"__1 _6\"></span> de una combinaci\u00f3<span class=\"__1 _6\"></span>n de negocios.<span class=\"__1 _1bc\"> </span>Los <span class=\"__1 _70\"></span>act<span class=\"__1 _6\"></span>ivos <span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>pas<span class=\"__1 _6\"></span>ivos <span class=\"__1 _70\"></span>por im<span class=\"__1 _5\"></span>puesto <span class=\"__1 _5\"></span>sobre <span class=\"__1 _70\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>ganan<span class=\"__1 _6\"></span>cias <span class=\"__1 _70\"></span>corrie<span class=\"__1 _6\"></span>ntes <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>valoran<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>por <span class=\"__1 _5\"></span>las <span class=\"__1 _70\"></span>can<span class=\"__1 _6\"></span>tidades <span class=\"__1 _70\"></span>qu<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>se <span class=\"__1 _70\"></span>es<span class=\"__1 _6\"></span>pera<span class=\"__1 _1bc\"> </span>pagar <span class=\"__1 _8\"></span>o <span class=\"__1 _6\"></span>recup<span class=\"__1 _6\"></span>erar <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>autoridades <span class=\"__1 _8\"></span>fiscales, <span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>tilizando <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>normativa <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>tipos <span class=\"__1 _8\"></span>impositivos <span class=\"__1 _6\"></span>apro<span class=\"__1 _6\"></span>bados <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>los<span class=\"__1 _1bc\"> </span>pa\u00edses que op<span class=\"__1 _6\"></span>eran las sociedades d<span class=\"__1 _6\"></span>el Gr<span class=\"ls14\">upo</span>.<span class=\"__1 _1bc\"> </span>La <span class=\"__1 _6\"></span>contabilizaci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>activos <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>pasivos <span class=\"__1 _6\"></span>por impuesto<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>diferido se <span class=\"__1 _6\"></span>determina <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>funci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>diferencias<span class=\"__1 _1bc\"> </span>entre <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>v<span class=\"__1 _6\"></span>alor <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>libros <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>act<span class=\"__1 _6\"></span>ivos <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>pasivos <span class=\"__1 _8\"></span>y <span class=\"__1 _4\"></span>su <span class=\"__1 _8\"></span>base <span class=\"__1 _8\"></span>fiscal, <span class=\"__1 _4\"></span>utilizando <span class=\"__1 _8\"></span>las <span class=\"__1 _4\"></span>tasas <span class=\"__1 _8\"></span>fiscales <span class=\"__1 _8\"></span>que <span class=\"__1 _4\"></span>se <span class=\"__1 _8\"></span>espera<span class=\"__1 _1bc\"> </span>objetivamente  que <span class=\"__1 _ca\"> </span>est\u00e9n  en <span class=\"__1 _c6\"> </span>v<span class=\"__1 _6\"></span>igor  cuando  lo<span class=\"__1 _5\"></span>s  activos <span class=\"__1 _c6\"> </span>y  pasivos  se <span class=\"__1 _ca\"> </span>realicen,  valor<span class=\"__1 _5\"></span>  que <span class=\"__1 _c6\"> </span>coincide  con  el<span class=\"__1 _1bc\"> </span>gravamen  vigente <span class=\"__1 _c6\"> </span>en  cada  momento.  Es<span class=\"__1 _6\"></span>tos  activos  y <span class=\"__1 _c6\"> </span>pasivos  se <span class=\"__1 _ca\"> </span>reconocen  en <span class=\"__1 _c6\"> </span>el  Estad<span class=\"__1 _6\"></span>o  de <span class=\"__1 _c6\"> </span>Situaci\u00f3<span class=\"__1 _6\"></span>n<span class=\"__1 _1bc\"> </span>Financiera consolidado como \u201cno <span class=\"__1 _5\"></span>corrientes\u201d, independientemente de <span class=\"__1 _5\"></span>la fecha de <span class=\"__1 _5\"></span>esperada <span class=\"__1 _6\"></span><span class=\"ff4\">de re<span class=\"__1 _5\"></span>alizaci\u00f3n o<span class=\"__1 _1bc\"> </span></span>liquidaci\u00f3n.<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _6\"></span>Grupo <span class=\"__1 _8\"></span>reconoce <span class=\"__1 _6\"></span>con <span class=\"__1 _8\"></span>car\u00e1cter <span class=\"__1 _6\"></span>general <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>pasivos <span class=\"__1 _6\"></span>po<span class=\"__1 _6\"></span>r <span class=\"__1 _6\"></span>impuesto <span class=\"__1 _6\"></span>diferido <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>todos <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>casos. <span class=\"__1 _4\"></span>Por s<span class=\"__1 _6\"></span>u <span class=\"__1 _6\"></span>parte,<span class=\"__1 _1bc\"> </span>los <span class=\"__1 _c6\"> </span>activ<span class=\"__1 _6\"></span>os <span class=\"__1 _c6\"> </span>p<span class=\"__1 _6\"></span>or <span class=\"__1 _c6\"> </span>impuesto  diferido <span class=\"__1 _c6\"> </span>s\u00f3lo <span class=\"__1 _ca\"> </span>se <span class=\"__1 _c6\"> </span>recon<span class=\"__1 _6\"></span>ocen <span class=\"__1 _c6\"> </span>en  el <span class=\"__1 _c6\"> </span>caso <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c6\"> </span>que  se <span class=\"__1 _c8\"> </span>con<span class=\"__1 _6\"></span>sidere<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>probab<span class=\"__1 _6\"></span>le <span class=\"__1 _c6\"> </span>que <span class=\"__1 _ca\"> </span>las<span class=\"__1 _1bc\"> </span>entidades cons<span class=\"__1 _6\"></span>olidadas<span class=\"__1 _6\"></span> van a tener en el futuro s<span class=\"__1 _6\"></span>uficientes ganan<span class=\"__1 _6\"></span>cias fiscales contra<span class=\"__1 _6\"></span> las que poder hacerlos<span class=\"__1 _1bc\"> </span>efectivos. <span class=\"__1 _6\"></span>Con<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>ocasi\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>cada <span class=\"__1 _6\"></span>cierre <span class=\"__1 _6\"></span>contab<span class=\"__1 _6\"></span>le, <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>reestima <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>capacidad <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>recuperaci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>los <span class=\"__1 _6\"></span>impuestos<span class=\"__1 _1bc\"> </span>diferidos <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>activo <span class=\"__1 _6\"></span>reconocidos, <span class=\"__1 _8\"></span>efectu\u00e1ndose <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>op<span class=\"__1 _6\"></span>ortunas <span class=\"__1 _8\"></span>correcciones <span class=\"__1 _8\"></span>a <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>mismos <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>acuerdo <span class=\"__1 _6\"></span>con <span class=\"__1 _8\"></span>los<span class=\"__1 _1bc\"> </span>resultados d<span class=\"__1 _6\"></span>e los an\u00e1lisis realizados. No <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>reconocen <span class=\"__1 _4\"></span>activos<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>pasivos <span class=\"__1 _4\"></span>por <span class=\"__1 _4\"></span>impuesto<span class=\"__1 _6\"></span>s <span class=\"__1 _4\"></span>diferidos <span class=\"__1 _4\"></span>cuand<span class=\"__1 _6\"></span>o <span class=\"__1 _4\"></span>surgen <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>reconocimiento <span class=\"__1 _4\"></span>inicial <span class=\"__1 _4\"></span>del<span class=\"__1 _1bc\"> </span>fondo de comercio o<span class=\"__1 _6\"></span> de un a<span class=\"__1 _6\"></span>ctivo o p<span class=\"__1 _6\"></span>asivo en u<span class=\"__1 _6\"></span>na <span class=\"__1 _6\"></span>transacci\u00f3n qu<span class=\"__1 _6\"></span>e no es una <span class=\"__1 _6\"></span>combinaci\u00f3n d<span class=\"__1 _6\"></span>e negocios y en<span class=\"__1 _1bc\"> </span>la <span class=\"__1 _4\"></span>fe<span class=\"__1 _5\"></span>cha <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>transacci\u00f3n <span class=\"__1 _4\"></span>no <span class=\"__1 _4\"></span>afecta <span class=\"__1 _8\"></span>ni <span class=\"__1 _4\"></span>al <span class=\"__1 _4\"></span>resultado <span class=\"__1 _4\"></span>contable <span class=\"__1 _8\"></span>ni <span class=\"__1 _4\"></span>a <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>base <span class=\"__1 _4\"></span>imponible <span class=\"__1 _4\"></span>fiscal, <span class=\"__1 _4\"></span>o <span class=\"__1 _8\"></span>bien, <span class=\"__1 _4\"></span>cuando<span class=\"__1 _1bc\"> </span>correspondan <span class=\"__1 _cf\"> </span>a <span class=\"__1 _ce\"> </span>diferencias <span class=\"__1 _cf\"> </span>temporarias <span class=\"__1 _ce\"> </span>relacionad<span class=\"__1 _6\"></span>as <span class=\"__1 _ce\"> </span>con <span class=\"__1 _cf\"> </span>inversiones <span class=\"__1 _cf\"> </span>en <span class=\"__1 _cd\"> </span>s<span class=\"__1 _6\"></span>ociedades <span class=\"__1 _ce\"> </span>d<span class=\"__1 _6\"></span>ependiente<span class=\"__1 _8\"></span>s,<span class=\"__1 _1bc\"> </span>asociadas <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>negocios<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>conjuntos <span class=\"__1 _8\"></span>sobre <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>Grupo <span class=\"__1 _8\"></span>tenga <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>capacidad<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>controlar <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>momento <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>su<span class=\"__1 _1bc\"> </span>reversi\u00f3n y no fu<span class=\"__1 _6\"></span>ese probable qu<span class=\"__1 _6\"></span>e se produzca su rev<span class=\"__1 _6\"></span>ersi\u00f3n en un futuro p<span class=\"__1 _6\"></span>revisible.<span class=\"__1 _1bc\"> </span>Si <span class=\"__1 _4\"></span>el <span class=\"__1 _c8\"> </span>Grup<span class=\"__1 _6\"></span>o <span class=\"__1 _c8\"></span>determina <span class=\"__1 _c8\"></span>que <span class=\"__1 _c8\"></span>no <span class=\"__1 _c8\"></span>es <span class=\"__1 _c8\"></span>probable <span class=\"__1 _c8\"></span>que <span class=\"__1 _c8\"></span>la <span class=\"__1 _c8\"></span>autoridad <span class=\"__1 _c8\"> </span>fiscal <span class=\"__1 _c8\"></span>v<span class=\"__1 _6\"></span>ay<span class=\"__1 _6\"></span>a <span class=\"__1 _c8\"></span>a <span class=\"__1 _4\"></span>acept<span class=\"__1 _6\"></span>ar <span class=\"__1 _c8\"></span>un <span class=\"__1 _c8\"></span>tratamiento <span class=\"__1 _c8\"></span>fiscal<span class=\"__1 _1bc\"> </span>incierto <span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>n <span class=\"__1 _8\"></span>grupo <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>tratamientos <span class=\"__1 _8\"></span>fiscales <span class=\"__1 _6\"></span>inciertos<span class=\"__1 _6\"></span>, <span class=\"__1 _8\"></span>considera <span class=\"__1 _6\"></span>dicha<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>incertidu<span class=\"__1 _6\"></span>mbre <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>determinaci\u00f3n<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _cb\"> </span>la <span class=\"__1 _c9\"> </span>base <span class=\"__1 _cb\"> </span>imponible, <span class=\"__1 _c9\"> </span>bases <span class=\"__1 _cb\"> </span>fiscales, <span class=\"__1 _c9\"> </span>cr\u00e9ditos <span class=\"__1 _cb\"> </span>por <span class=\"__1 _c9\"> </span>bases <span class=\"__1 _cb\"> </span>imponibles <span class=\"__1 _cb\"> </span>n<span class=\"__1 _6\"></span>egativas, <span class=\"__1 _cb\"> </span>d<span class=\"__1 _6\"></span>educciones <span class=\"__1 _cb\"> </span>o <span class=\"__1 _c9\"> </span>tipos<span class=\"__1 _1bc\"> </span>impositivos. 3.17<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Ac<span class=\"__1 _6\"></span>tivos no<span class=\"__1 _5\"></span> corrientes man<span class=\"__1 _70\"></span>tenidos para la venta y Op<span class=\"__1 _5\"></span>eraciones<span class=\"__1 _1bc\"> </span></span></span>discontinua<span class=\"__1 _5\"></span>das<span class=\"__1 _1bc\"> </span>Un <span class=\"__1 _5\"></span>activo <span class=\"__1 _5\"></span>no corriente <span class=\"__1 _70\"></span>o un <span class=\"__1 _70\"></span>gr<span class=\"__1 _6\"></span>upo e<span class=\"__1 _5\"></span>najenable de <span class=\"__1 _70\"></span>elementos se <span class=\"__1 _70\"></span>clasifica como <span class=\"__1 _70\"></span>act<span class=\"__1 _6\"></span>ivo mantenido <span class=\"__1 _5\"></span>para la <span class=\"__1 _70\"></span>venta<span class=\"__1 _1bc\"> </span>cuando su <span class=\"__1 _5\"></span>valor se <span class=\"__1 _5\"></span>prev\u00e9 recuperar <span class=\"__1 _70\"></span>prin<span class=\"__1 _6\"></span>cipalmente a <span class=\"__1 _70\"></span>trav<span class=\"__1 _6\"></span>\u00e9s de <span class=\"__1 _70\"></span>su<span class=\"__1 _6\"></span> venta, <span class=\"__1 _70\"></span>y<span class=\"__1 _6\"></span> siempre que <span class=\"__1 _70\"></span>la venta se <span class=\"__1 _5\"></span>considere<span class=\"__1 _1bc\"> </span>altamente probable, y el a<span class=\"__1 _6\"></span>ctivo est\u00e9 disp<span class=\"__1 _6\"></span>onible para su venta inmediata <span class=\"__1 _6\"></span>en su estado a<span class=\"__1 _6\"></span>ctual.<span class=\"__1 _1bc\"> </span>Estos <span class=\"__1 _6\"></span>activos <span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>grupos <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>enajenaci\u00f3n <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>valoran <span class=\"__1 _6\"></span>por el <span class=\"__1 _6\"></span>menor <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>importe <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>libros <span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>el valo<span class=\"__1 _6\"></span>r es<span class=\"__1 _6\"></span>timado <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span>venta deducidos los costes necesarios para <span class=\"__1 _5\"></span>llevarla a cabo y<span class=\"__1 _5\"></span> dejan de <span class=\"__1 _5\"></span>amortizarse desde el <span class=\"__1 _5\"></span>momento en que<span class=\"__1 _1bc\"> </span>son <span class=\"__1 _8\"></span>clasificados<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>como <span class=\"__1 _8\"></span>activos <span class=\"__1 _8\"></span>no <span class=\"__1 _8\"></span>corrientes <span class=\"__1 _8\"></span>man<span class=\"__1 _6\"></span>tenidos <span class=\"__1 _8\"></span>para <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>venta. <span class=\"__1 _4\"></span>Anualmente <span class=\"__1 _6\"></span>se <span class=\"__1 _8\"></span>analiza <span class=\"__1 _8\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>valor<span class=\"__1 _1bc\"> </span>contable <span class=\"__1 _6\"></span>no <span class=\"__1 _6\"></span>exceda <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>valo<span class=\"__1 _6\"></span>r <span class=\"__1 _6\"></span>razonab<span class=\"__1 _6\"></span>le menos<span class=\"__1 _6\"></span> los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>costes <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e v<span class=\"__1 _6\"></span>enta. <span class=\"__1 _8\"></span>En <span class=\"__1 _6\"></span>cas<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>producirse <span class=\"__1 _6\"></span>esta <span class=\"__1 _6\"></span>situ<span class=\"__1 _6\"></span>aci\u00f3n <span class=\"__1 _6\"></span>se<span class=\"__1 _1bc\"> </span>realizan las<span class=\"__1 _6\"></span> correspon<span class=\"__1 _6\"></span>dientes <span class=\"__1 _6\"></span>correcciones <span class=\"__1 _6\"></span>valorativas<span class=\"__1 _6\"></span> qu<span class=\"__1 _6\"></span>e se incluy<span class=\"__1 _6\"></span>en en <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>ep\u00edgrafe \u201c<span class=\"__1 _6\"></span>Deterioros<span class=\"__1 _6\"></span> de <span class=\"__1 _6\"></span>valor y<span class=\"__1 _1bc\"> </span>resultados p<span class=\"__1 _6\"></span>or enajenaci\u00f3n de inmovilizado\u201d<span class=\"__1 _6\"></span> del Estado<span class=\"__1 _6\"></span> de Resultado consolida<span class=\"__1 _6\"></span>do.<span class=\"__1 _1bc\"> </span>Los <span class=\"__1 _c6\"> </span>act<span class=\"__1 _6\"></span>ivos <span class=\"__1 _c6\"> </span>no <span class=\"__1 _ca\"> </span>corrientes  mantenidos <span class=\"__1 _c6\"> </span>para <span class=\"__1 _ca\"> </span>la <span class=\"__1 _c6\"> </span>venta <span class=\"__1 _ca\"> </span>se <span class=\"__1 _c6\"> </span>presentan <span class=\"__1 _ca\"> </span>en <span class=\"__1 _c6\"> </span>el <span class=\"__1 _c6\"> </span>E<span class=\"__1 _6\"></span>stado <span class=\"__1 _ca\"> </span>de <span class=\"__1 _c6\"> </span>Situaci\u00f3n <span class=\"__1 _c6\"> </span>Fina<span class=\"__1 _6\"></span>nciera<span class=\"__1 _1bc\"> </span>consolidado  de  la  siguiente  forma:  los  activos  en  una  \u00fa<span class=\"__1 _5\"></span>nica  l\u00ednea  denominada  \u201cActivos  no  corrientes<span class=\"__1 _1bc\"> </span>mantenidos para <span class=\"__1 _70\"></span>la <span class=\"__1 _5\"></span>venta\u201d <span class=\"__1 _5\"></span>y <span class=\"__1 _5\"></span>los <span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>asivos <span class=\"__1 _70\"></span>ta<span class=\"__1 _6\"></span>mbi\u00e9n <span class=\"__1 _5\"></span>en <span class=\"__1 _70\"></span>u<span class=\"__1 _6\"></span>na <span class=\"__1 _70\"></span>\u00fan<span class=\"__1 _6\"></span>ica <span class=\"__1 _70\"></span>l\u00ednea denominada <span class=\"__1 _70\"></span>\u201c<span class=\"__1 _6\"></span>Pa<span class=\"__1 _6\"></span><span class=\"ff4\">sivos <span class=\"__1 _5\"></span>asociados a<span class=\"__1 _5\"></span> <span class=\"__1 _5\"></span>activos<span class=\"__1 _1bc\"> </span></span>no corrientes mantenido<span class=\"__1 _6\"></span>s para la v<span class=\"__1 _6\"></span>enta\u201d.<span class=\"__1 _1bc\"> </span>Adicionalmente, <span class=\"__1 _c6\"> </span>el <span class=\"__1 _c6\"> </span>Grupo <span class=\"__1 _c6\"> </span>con<span class=\"__1 _6\"></span>sidera <span class=\"__1 _c6\"> </span>actividades <span class=\"__1 _c6\"> </span>interrumpid<span class=\"__1 _6\"></span>as <span class=\"__1 _c6\"> </span>los <span class=\"__1 _c6\"> </span>componentes <span class=\"__1 _c6\"> </span>(unidades<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>o <span class=\"__1 _c6\"> </span>grupos <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e unidades <span class=\"__1 _4\"></span>generadoras <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>efectivo) <span class=\"__1 _4\"></span>que <span class=\"__1 _8\"></span>representan <span class=\"__1 _8\"></span>u<span class=\"__1 _6\"></span>na <span class=\"__1 _8\"></span>l\u00ednea <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>negocio <span class=\"__1 _8\"></span>o <span class=\"__1 _8\"></span>\u00e1rea <span class=\"__1 _4\"></span>geogr\u00e1fica <span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>ignificativa <span class=\"__1 _4\"></span>y que <span class=\"__1 _4\"></span>pueda <span class=\"__1 _c8\"> </span>considerars<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>separada <span class=\"__1 _c8\"> </span>del <span class=\"__1 _4\"></span>resto,<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>que <span class=\"__1 _c8\"></span>se <span class=\"__1 _4\"></span>hayan<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>vendid<span class=\"__1 _6\"></span>o <span class=\"__1 _4\"></span>o <span class=\"__1 _c8\"></span>dispuesto <span class=\"__1 _c8\"></span>por <span class=\"__1 _4\"></span>otra <span class=\"__1 _c8\"></span>v\u00eda, <span class=\"__1 _4\"></span>o <span class=\"__1 _c8\"></span>bien <span class=\"__1 _4\"></span>que re\u00fanen las cond<span class=\"__1 _6\"></span>iciones descritas p<span class=\"__1 _6\"></span>ara ser clasificadas como manten<span class=\"__1 _6\"></span>idas para la <span class=\"__1 _6\"></span>venta.<span class=\"__1 _6\"></span> Los resultados despu\u00e9s de impuestos de las <span class=\"__1 _5\"></span>operaciones<span class=\"__1 _6\"></span> discontinuadas se presentan en una \u00fanica l\u00ednea del Estado <span class=\"__1 _ce\"> </span>de <span class=\"__1 _ce\"> </span>Resultado <span class=\"__1 _ce\"> </span>consolidado <span class=\"__1 _ce\"> </span>denominada <span class=\"__1 _ce\"> </span>\u201cResultado <span class=\"__1 _ce\"> </span>del <span class=\"__1 _cd\"> </span>ejerci<span class=\"__1 _6\"></span>cio <span class=\"__1 _cd\"> </span>pro<span class=\"__1 _6\"></span>cedente <span class=\"__1 _ce\"> </span>de <span class=\"__1 _cd\"> </span>op<span class=\"__1 _6\"></span>eraciones interrumpidas neto d<span class=\"__1 _6\"></span>e impuestos<span class=\"__1 _6\"></span>\u201d<span class=\"__1 _1bc\"> </span>.<span class=\"ff4\"> </span>3.18<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Beneficio por acci\u00f3n </span></span>El <span class=\"__1 _4\"></span>beneficio <span class=\"__1 _4\"></span>b\u00e1sico <span class=\"__1 _4\"></span>por <span class=\"__1 _8\"></span>acci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>calcula <span class=\"__1 _4\"></span>como <span class=\"__1 _8\"></span>el <span class=\"__1 _4\"></span>cocie<span class=\"ff6\">nte<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>entre <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>\u201cBeneficio <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>ejercicio <span class=\"__1 _4\"></span>atribuible <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>la </span>Sociedad <span class=\"__1 _4\"></span>Dominante\u201d <span class=\"__1 _8\"></span>y <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>n<span class=\"__1 _6\"></span>\u00famero <span class=\"__1 _8\"></span>m<span class=\"__1 _6\"></span>edio <span class=\"__1 _4\"></span>ponderado <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>accion<span class=\"__1 _6\"></span>es <span class=\"__1 _4\"></span>ordinarias <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>circulaci\u00f3n <span class=\"__1 _4\"></span>durante <span class=\"__1 _4\"></span>dicho per\u00edodo, <span class=\"__1 _c6\"> </span>s<span class=\"__1 _6\"></span>in <span class=\"__1 _c6\"> </span>incluir <span class=\"__1 _ca\"> </span>el <span class=\"__1 _c6\"> </span>n\u00famero <span class=\"__1 _c6\"> </span>medio  de <span class=\"__1 _c8\"> </span>acciones  propias <span class=\"__1 _c8\"> </span>de  la<span class=\"__1 _70\"></span>  Sociedad <span class=\"__1 _c6\"> </span>Dominante <span class=\"__1 _c6\"> </span>en  cartera <span class=\"__1 _c8\"> </span>de  la<span class=\"__1 _5\"></span>s so<span class=\"ls0_1\">ciedades del Grupo.<span class=\"__1 _1bc\"> </span></span>Por <span class=\"__1 _4\"></span>su <span class=\"__1 _4\"></span>parte, <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>beneficio <span class=\"__1 _4\"></span>diluido <span class=\"__1 _4\"></span>por <span class=\"__1 _4\"></span>acci\u00f3n <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>calcula <span class=\"__1 _4\"></span>como <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>cociente <span class=\"__1 _4\"></span>entre <span class=\"__1 _4\"></span>el <span class=\"__1 _c8\"> </span><span class=\"ff6\">\u201cBeneficio <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>ejercicio<span class=\"__1 _6\"></span> </span>atribuible <span class=\"__1 _4\"></span>a <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>Sociedad <span class=\"__1 _4\"></span>Dominante\u201d <span class=\"__1 _4\"></span><span class=\"ff4\">y <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>n\u00famero <span class=\"__1 _4\"></span>medio <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>onderado<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>accion<span class=\"__1 _6\"></span>es <span class=\"__1 _4\"></span>ordinarias <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>circulaci\u00f3n </span>durante el periodo, ajustado por el <span class=\"__1 _5\"></span>promedio ponderado de <span class=\"__1 _5\"></span>las acciones ordinarias que se<span class=\"__1 _5\"></span>r\u00edan emitidas si <span class=\"__1 _5\"></span>se convirtieran <span class=\"__1 _c6\"> </span>todas<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>las <span class=\"__1 _c6\"> </span>acciones <span class=\"__1 _c6\"> </span>potenciales <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c6\"> </span>acciones <span class=\"__1 _c6\"> </span>ord<span class=\"__1 _6\"></span>inarias. <span class=\"__1 _c6\"> </span>A <span class=\"__1 _c6\"> </span>estos <span class=\"__1 _c6\"> </span>efectos <span class=\"__1 _c6\"> </span>se <span class=\"__1 _c6\"> </span>cons<span class=\"__1 _6\"></span>idera <span class=\"__1 _c6\"> </span>que <span class=\"__1 _c6\"> </span>la conversi\u00f3n tiene lugar al comienzo del <span class=\"__1 _5\"></span>periodo o en el <span class=\"__1 _5\"></span>momento de la emisi\u00f3n de las<span class=\"__1 _5\"></span> acciones potenciales si estas se hu<span class=\"__1 _6\"></span>biesen puesto en circulaci\u00f3n<span class=\"__1 _6\"></span> durante el prop<span class=\"__1 _6\"></span>io periodo.<span class=\"__1 _6\"></span> 3.19<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Tr<span class=\"__1 _6\"></span>ansaccio<span class=\"__1 _5\"></span>nes con partes vin<span class=\"__1 _5\"></span>culadas </span></span>El Grupo realiza tod<span class=\"__1 _6\"></span>as sus op<span class=\"__1 _6\"></span>eraciones con partes vincu<span class=\"__1 _6\"></span>ladas a valores d<span class=\"__1 _6\"></span>e mercado. <span class=\"__1 _6\"></span> 3.20<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\"> S<span class=\"__1 _6\"></span>aldos y t<span class=\"__1 _5\"></span>ransacciones en <span class=\"__1 _5\"></span>moneda diferente al euro </span></span>Las <span class=\"__1 _6\"></span>cuentas <span class=\"__1 _6\"></span>an<span class=\"__1 _6\"></span>uales <span class=\"__1 _6\"></span>consolidadas<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>presentan <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>euros, <span class=\"__1 _6\"></span>qu<span class=\"__1 _6\"></span>e es <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>mon<span class=\"__1 _6\"></span>eda <span class=\"__1 _6\"></span>funcional <span class=\"__1 _6\"></span>y<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>presentaci\u00f3n <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e la Sociedad Dominante.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> La <span class=\"__1 _70\"></span>conv<span class=\"__1 _6\"></span>ersi\u00f3n <span class=\"__1 _70\"></span>a euros <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>cr\u00e9dito<span class=\"__1 _6\"></span>s <span class=\"__1 _70\"></span>y d\u00e9bitos <span class=\"__1 _70\"></span>expresados e<span class=\"__1 _5\"></span>n <span class=\"__1 _70\"></span>moneda diferente <span class=\"__1 _70\"></span>del <span class=\"__1 _5\"></span>euro <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>realiza aplicando<span class=\"__1 _6\"></span> el <span class=\"__1 _5\"></span>tipo de <span class=\"__1 _5\"></span>cambio vigente <span class=\"__1 _5\"></span>en el m<span class=\"__1 _5\"></span>omento de <span class=\"__1 _5\"></span>efectuar la <span class=\"__1 _5\"></span>correspon<span class=\"__1 _6\"></span>diente operaci\u00f3n, <span class=\"__1 _5\"></span>ajust\u00e1ndose dicho valor en  cada <span class=\"__1 _ca\"> </span>cierre  y <span class=\"__1 _c6\"> </span>h<span class=\"__1 _6\"></span>asta  su  cancelaci\u00f3n  en  f<span class=\"__1 _5\"></span>unci\u00f3n  de  la <span class=\"__1 _ca\"> </span>evoluci\u00f3n  del <span class=\"__1 _ca\"> </span>tipo  de  cambio.  Los <span class=\"__1 _c6\"> </span>act<span class=\"__1 _6\"></span>ivos  no monetarios <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>enominados <span class=\"__1 _5\"></span>en <span class=\"__1 _5\"></span>moneda <span class=\"__1 _70\"></span>extranjera, poco <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>ignificativos<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>en <span class=\"__1 _5\"></span>ENCE, <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>convierte<span class=\"__1 _6\"></span>n <span class=\"__1 _70\"></span>ap<span class=\"__1 _6\"></span>licando <span class=\"__1 _70\"></span>el <span class=\"__1 _5\"></span>tipo de cambio aplicable en la f<span class=\"__1 _6\"></span>echa en la q<span class=\"__1 _6\"></span>ue el activo se incorp<span class=\"__1 _6\"></span>or\u00f3 al Grupo.<span class=\"__1 _6\"></span> Las diferencias <span class=\"__1 _5\"></span>de cambio que re<span class=\"__1 _5\"></span>sultan del cobro <span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span> pago de <span class=\"__1 _5\"></span>cr\u00e9ditos o <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>eudas en <span class=\"__1 _5\"></span>moneda diferente del euro y <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>resultan <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>valorar <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>cuentas <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>cobrar <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>pagar <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>moneda <span class=\"__1 _8\"></span>diferente <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>euro <span class=\"__1 _6\"></span>en <span class=\"__1 _4\"></span>cada <span class=\"__1 _6\"></span>fecha <span class=\"__1 _8\"></span>de cierre, d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>acuerdo <span class=\"__1 _6\"></span>con <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>tipo<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de cambio<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>vigente <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>ese <span class=\"__1 _6\"></span>mo<span class=\"__1 _6\"></span>mento, <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>imputan <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>resultado<span class=\"__1 _6\"></span>s <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>un <span class=\"__1 _6\"></span>gasto financiero en el period<span class=\"__1 _6\"></span>o en que se pro<span class=\"__1 _6\"></span>ducen. 3.21<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Informaci\u00f3n financiera por<span class=\"__1 _5\"></span> segmentos </span></span>Un segmento de explotaci\u00f3n <span class=\"__1 _6\"></span>es un co<span class=\"__1 _6\"></span>mponente del Grupo qu<span class=\"__1 _6\"></span>e desarrolla actividad<span class=\"__1 _6\"></span>es de negocio de las que puede <span class=\"__1 _8\"></span>obten<span class=\"__1 _6\"></span>er <span class=\"__1 _8\"></span>ingreso<span class=\"__1 _6\"></span>s <span class=\"__1 _8\"></span>ordin<span class=\"__1 _6\"></span>arios <span class=\"__1 _8\"></span>e <span class=\"__1 _4\"></span>incurrir <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>gastos, <span class=\"__1 _8\"></span>cuyos<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>resultad<span class=\"__1 _6\"></span>os <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>explotaci\u00f3n <span class=\"__1 _4\"></span>son <span class=\"__1 _8\"></span>revisados<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>de forma <span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>egular por <span class=\"__1 _70\"></span>el Consejo <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e Administraci\u00f3n <span class=\"__1 _70\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>la <span class=\"__1 _70\"></span>alt<span class=\"__1 _6\"></span>a <span class=\"__1 _5\"></span>Direcci\u00f3n, para <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>ecidir <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>obre <span class=\"__1 _5\"></span>los <span class=\"__1 _5\"></span>recursos<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>que <span class=\"__1 _5\"></span>deben asignarse al <span class=\"__1 _70\"></span>segmento, evaluar <span class=\"__1 _5\"></span>su re<span class=\"__1 _5\"></span>ndimiento <span class=\"__1 _5\"></span>y <span class=\"__1 _5\"></span>en <span class=\"__1 _5\"></span>relaci\u00f3n con <span class=\"__1 _5\"></span>el <span class=\"__1 _70\"></span>cual se <span class=\"__1 _70\"></span>dis<span class=\"__1 _6\"></span>pone <span class=\"__1 _5\"></span>de <span class=\"__1 _5\"></span>informaci\u00f3n financiera diferenciada.<span class=\"__1 _1bc\"> </span>3.22<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Estado de flujos de efectiv<span class=\"__1 _5\"></span>o  </span></span>En los estados de flujos de ef<span class=\"__1 _5\"></span>ectivo consolidados, preparados de acuerdo al m\u00e9todo indirecto, se utilizan las siguientes expresiones<span class=\"__1 _6\"></span> en los siguientes<span class=\"__1 _6\"></span> sentidos: 1.<span class=\"ls0_1\"> <span class=\"__1 _b5\"> </span>Flujos <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c8\"> </span>efectivo<span class=\"__1 _6\"></span>: <span class=\"__1 _c8\"> </span>entradas<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c6\"> </span>salidas<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"> </span>efectivo <span class=\"__1 _c8\"> </span>y<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>sus <span class=\"__1 _c6\"> </span>equivalentes<span class=\"__1 _6\"></span>, <span class=\"__1 _c8\"> </span>entendiend<span class=\"__1 _6\"></span>o <span class=\"__1 _c8\"> </span>por <span class=\"__1 _c6\"> </span>\u00e9stos<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>las </span>inversiones a co<span class=\"__1 _6\"></span>rto plazo (inferior a 3 meses) d<span class=\"__1 _6\"></span>e gran liquidez y b<span class=\"__1 _6\"></span>ajo riesgo de alteracion<span class=\"__1 _6\"></span>es en su valo<span class=\"__1 _6\"></span>r. <span class=\"__1 _6\"></span> 2.<span class=\"ls0_1\"> <span class=\"__1 _b5\"> </span>Actividades <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>explotaci\u00f3<span class=\"__1 _6\"></span>n: <span class=\"__1 _4\"></span>a<span class=\"__1 _5\"></span>ctividades <span class=\"__1 _4\"></span>t\u00edpicas <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>las <span class=\"__1 _4\"></span>entidades <span class=\"__1 _4\"></span>que <span class=\"__1 _8\"></span>forman <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>Grupo, <span class=\"__1 _4\"></span>as\u00ed <span class=\"__1 _8\"></span>como <span class=\"__1 _4\"></span>otras </span>actividades q<span class=\"__1 _6\"></span>ue no pueden ser calificadas co<span class=\"__1 _6\"></span>mo de inversi\u00f3<span class=\"__1 _6\"></span>n o de financiaci\u00f3n<span class=\"__1 _6\"></span>.<span class=\"__1 _6\"></span> 3.<span class=\"ls0_1\"> <span class=\"__1 _b5\"> </span>Actividades <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>inv<span class=\"__1 _6\"></span>ersi\u00f3n: <span class=\"__1 _4\"></span>las <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>adq<span class=\"__1 _6\"></span>uisici\u00f3n, <span class=\"__1 _4\"></span>enajenaci\u00f3n <span class=\"__1 _8\"></span>o <span class=\"__1 _4\"></span>disposici\u00f3n <span class=\"__1 _4\"></span>por <span class=\"__1 _8\"></span>otros <span class=\"__1 _4\"></span>medios <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>activos <span class=\"__1 _4\"></span>a </span>largo plazo y o<span class=\"__1 _6\"></span>tras inversiones no in<span class=\"__1 _6\"></span>cluidas en el efectivo y s<span class=\"__1 _6\"></span>us equiv<span class=\"__1 _6\"></span>alentes. 4.<span class=\"ls0_1\"> <span class=\"__1 _b5\"> </span>Actividades <span class=\"__1 _cb\"> </span>de <span class=\"__1 _cb\"> </span>financiaci\u00f3n: <span class=\"__1 _cb\"> </span>actividades <span class=\"__1 _cb\"> </span>que <span class=\"__1 _cb\"> </span>producen <span class=\"__1 _cb\"> </span>cambios <span class=\"__1 _cb\"> </span>en <span class=\"__1 _cb\"> </span>el <span class=\"__1 _cb\"> </span>tama\u00f1o <span class=\"__1 _cb\"> </span>y <span class=\"__1 _cb\"> </span>co<span class=\"__1 _5\"></span>mposici\u00f3n <span class=\"__1 _cb\"> </span>del </span>patrimonio neto y d<span class=\"__1 _6\"></span>e los pasivos qu<span class=\"__1 _6\"></span>e no forman parte de las activ<span class=\"__1 _6\"></span>idades de explotaci\u00f3<span class=\"__1 _6\"></span>n<span class=\"__1 _1bc\"> </span>3.23<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Ac<span class=\"__1 _6\"></span>tividade<span class=\"__1 _5\"></span>s con impacto en<span class=\"__1 _5\"></span> el Medio Ambiente<span class=\"__1 _5\"></span> </span></span>Se <span class=\"__1 _6\"></span>cons<span class=\"__1 _6\"></span>ideran <span class=\"__1 _8\"></span>actividades <span class=\"__1 _8\"></span>medioa<span class=\"__1 _6\"></span>mbientales <span class=\"__1 _8\"></span>aquellas <span class=\"__1 _8\"></span>operaciones <span class=\"__1 _8\"></span>desarrolladas<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>por <span class=\"__1 _6\"></span>E<span class=\"__1 _6\"></span>NCE <span class=\"__1 _8\"></span>cuyo <span class=\"__1 _8\"></span>prop\u00f3sito principal <span class=\"__1 _4\"></span>es <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>proteger, <span class=\"__1 _4\"></span>reducir <span class=\"__1 _4\"></span>o<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>reparar <span class=\"__1 _4\"></span>un <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>a\u00f1o, <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>co<span class=\"__1 _6\"></span>mo <span class=\"__1 _4\"></span>resultado <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>us <span class=\"__1 _4\"></span>activ<span class=\"__1 _6\"></span>idades <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>pueda producir sob<span class=\"__1 _6\"></span>re el medio ambiente.<span class=\"__1 _6\"></span> Los gastos <span class=\"__1 _70\"></span>derivados<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>actividades <span class=\"__1 _5\"></span>medioambientales <span class=\"__1 _5\"></span>se reconocen <span class=\"__1 _70\"></span>como \u201cOtros <span class=\"__1 _5\"></span>gastos de <span class=\"__1 _70\"></span>explotaci\u00f3n\u201d en el ejercicio en el qu<span class=\"__1 _6\"></span>e se incurren. Los elementos d<span class=\"__1 _6\"></span>el inmovilizado mat<span class=\"__1 _6\"></span>erial adquiridos co<span class=\"__1 _6\"></span>n el objeto d<span class=\"__1 _6\"></span>e ser utilizados<span class=\"__1 _6\"></span> de forma <span class=\"__1 _8\"></span>duradera en su<span class=\"__1 _6\"></span> actividad y cu<span class=\"__1 _6\"></span>ya finalidad principal es la minimizac<span class=\"__1 _6\"></span>i\u00f3n del i<span class=\"__1 _6\"></span>mpacto medioambiental y<span class=\"__1 _6\"></span> la protecci\u00f3n y mejora<span class=\"__1 _6\"></span> del <span class=\"__1 _6\"></span>medio <span class=\"__1 _8\"></span>ambiente, <span class=\"__1 _8\"></span>incluyend<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>reducci\u00f3n <span class=\"__1 _8\"></span>o <span class=\"__1 _8\"></span>eliminaci\u00f3n <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>contaminaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>futu<span class=\"__1 _6\"></span>ra <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>las <span class=\"__1 _8\"></span>operaciones del <span class=\"__1 _4\"></span>Grup<span class=\"__1 _6\"></span>o, <span class=\"__1 _c8\"></span>se <span class=\"__1 _4\"></span>reconocen <span class=\"__1 _c8\"> </span>como <span class=\"__1 _c8\"> </span>activ<span class=\"__1 _6\"></span>os <span class=\"__1 _c8\"></span>mediante <span class=\"__1 _4\"></span>la <span class=\"__1 _c8\"> </span>aplicaci\u00f3n <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"></span>criterios <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>valoraci\u00f3n<span class=\"__1 _6\"></span>, <span class=\"__1 _c8\"></span>presentaci\u00f3n <span class=\"__1 _4\"></span>y desglose consis<span class=\"__1 _6\"></span>tentes con los que s<span class=\"__1 _6\"></span>e mencionan <span class=\"__1 _6\"></span>en los aparta<span class=\"__1 _6\"></span>dos 3.2 y 3.3 d<span class=\"__1 _6\"></span>e esta misma Nota<span class=\"__1 _6\"></span>. Las <span class=\"__1 _c6\"> </span>provis<span class=\"__1 _6\"></span>iones <span class=\"__1 _c6\"> </span>relativas <span class=\"__1 _c6\"> </span>a <span class=\"__1 _c6\"> </span>respon<span class=\"__1 _6\"></span>sabilidades <span class=\"__1 _c6\"> </span>p<span class=\"__1 _6\"></span>robables <span class=\"__1 _c8\"> </span>o <span class=\"__1 _c6\"> </span>ciertas<span class=\"__1 _6\"></span>, <span class=\"__1 _c6\"> </span>litigios <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c6\"> </span>curso <span class=\"__1 _c6\"> </span>e  indemnizacion<span class=\"__1 _6\"></span>es <span class=\"__1 _c6\"> </span>u obligaciones <span class=\"__1 _c6\"> </span>pendientes <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c6\"> </span>cuan<span class=\"__1 _6\"></span>t\u00eda <span class=\"__1 _c6\"> </span>indeterminada <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>n<span class=\"__1 _6\"></span>aturaleza <span class=\"__1 _c6\"> </span>medioa<span class=\"__1 _6\"></span>mbiental, <span class=\"__1 _c6\"> </span>no <span class=\"__1 _ca\"> </span>cubiertas <span class=\"__1 _c6\"> </span>por <span class=\"__1 _c6\"> </span>las p\u00f3lizas <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>seguros <span class=\"__1 _4\"></span>suscritas, <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>constituyen <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>l <span class=\"__1 _4\"></span>momento <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>nacimiento <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>resp<span class=\"__1 _6\"></span>onsabilidad<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>o <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>la obligaci\u00f3n <span class=\"__1 _c8\"></span>que <span class=\"__1 _c8\"></span>determina <span class=\"__1 _4\"></span>la <span class=\"__1 _c8\"> </span>indemni<span class=\"__1 _6\"></span>zaci\u00f3n <span class=\"__1 _c8\"> </span>o <span class=\"__1 _c8\"> </span>pago. <span class=\"__1 _c8\"> </span>No <span class=\"__1 _c8\"> </span>hay <span class=\"__1 _c8\"> </span>provis<span class=\"__1 _6\"></span>iones <span class=\"__1 _4\"></span>relevantes<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>con<span class=\"__1 _6\"></span>stituidas <span class=\"__1 _c8\"> </span>por <span class=\"__1 _c8\"> </span>este concepto al cierre de 202<span class=\"__1 _6\"></span>3 y 2022.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfOtherAccountingPoliciesRelevantToUnderstandingOfFinancialStatements",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-507": {
   "value": "2.1  Bases de presentaci\u00f3n  Las cuentas anuales consolidadas de Ence Energ\u00eda y Celulosa, S.A. del ejercicio 2023 se han elaborado a partir de los registros contables y de las cuentas anuales de dicha sociedad, y las de las sociedades integrantes del Grupo  y  han sido  preparadas  de acuerdo  al  marco  normativo  de  informaci\u00f3n  financiera que  resulta  de aplicaci\u00f3n y, en particular, de acuerdo con las Normas Internacionales de Informaci\u00f3n Financiera adoptadas por la Uni\u00f3n Europea (NIIF-UE) conforme a lo dispuesto en el Reglamento (CE) n\u00ba 1606/2002 del Parlamento y del Consejo Europeo y dem\u00e1s disposiciones del marco normativo de informaci\u00f3n financiera que resulta de aplicaci\u00f3n, de forma que muestran la imagen fiel del patrimonio y de la situaci\u00f3n financiera del Grupo al 31 de diciembre de 2023 y de los resultados de sus operaciones, de los cambios en el patrimonio neto y de los flujos de efectivo consolidados que se han generado en el Grupo durante el ejercicio anual terminado en dicha fecha. Las cuentas anuales consolidadas del Grupo del ejercicio 2023 formuladas por los Administradores de la Sociedad  Dominante  se  someter\u00e1n  a  la  aprobaci\u00f3n  de  su  Junta  General  Ordinaria  de  Accionistas, estim\u00e1ndose que ser\u00e1n aprobadas sin ninguna modificaci\u00f3n. Por su parte, las cuentas anuales consolidadas del Grupo del ejercicio 2022 fueron aprobadas por la Junta General de Accionistas de la Sociedad Dominante el 5 de mayo de 2023. En la nota 3 se resumen las pol\u00edticas contables y criterios de valoraci\u00f3n m\u00e1s significativos que han sido aplicados en la elaboraci\u00f3n de estas cuentas anuales consolidadas. El  Euro  es  la  moneda  funcional  y  de  presentaci\u00f3n  de  la  Sociedad  Dominante.  Las  cuentas  anuales consolidadas se expresan por tanto en euros. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-2": {
   "value": "Las cuentas anuales consolidadas de Ence Energ\u00eda y Celulosa, S.A. del ejercicio 2023 se han elaborado a partir de los registros contables y de las cuentas anuales de dicha sociedad, y las de las sociedades integrantes del Grupo  y  han sido  preparadas  de acuerdo  al  marco  normativo  de  informaci\u00f3n  financiera que  resulta  de aplicaci\u00f3n y, en particular, de acuerdo con las Normas Internacionales de Informaci\u00f3n Financiera adoptadas por la Uni\u00f3n Europea (NIIF-UE) conforme a lo dispuesto en el Reglamento (CE) n\u00ba 1606/2002 del Parlamento y del Consejo Europeo y dem\u00e1s disposiciones del marco normativo de informaci\u00f3n financiera que resulta de aplicaci\u00f3n, de forma que muestran la imagen fiel del patrimonio y de la situaci\u00f3n financiera del Grupo al 31 de diciembre de 2023 y de los resultados de sus operaciones, de los cambios en el patrimonio neto y de los flujos de efectivo consolidados que se han generado en el Grupo durante el ejercicio anual terminado en dicha fecha. ",
   "dimensions": {
    "concept": "ifrs-full:StatementOfIFRSCompliance",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-3": {
   "value": "Las cuentas anuales consolidadas del Grupo del ejercicio 2023 formuladas por los Administradores de la Sociedad  Dominante  se  someter\u00e1n  a  la  aprobaci\u00f3n  de  su  Junta  General  Ordinaria  de  Accionistas, estim\u00e1ndose que ser\u00e1n aprobadas sin ninguna modificaci\u00f3n. Por su parte, las cuentas anuales consolidadas del Grupo del ejercicio 2022 fueron aprobadas por la Junta General de Accionistas de la Sociedad Dominante el 5 de mayo de 2023",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuthorisationOfFinancialStatementsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-583": {
   "value": "El  Euro  es  la  moneda  funcional  y  de  presentaci\u00f3n  de  la  Sociedad  Dominante.  Las  cuentas  anuales consolidadas se expresan por tanto en euros. Conversi\u00f3n de estados financieros Los resultados y la posici\u00f3n financiera de todas las entidades del Grupo cuya moneda funcional sea distinta de la moneda de presentaci\u00f3n se convierten a euro del siguiente modo;  los activos y pasivos al tipo de cambio de cierre en la fecha del Estado de Situaci\u00f3n Financiera, el patrimonio a tipo de cambio hist\u00f3rico, y los ingresos y gastos al tipo de cambio medio del periodo de devengo. Las diferencias de cambio resultantes se reconocen en \u201cOtro Resultado Global\u201d, y se imputar\u00e1n a la cuenta de resultados en el periodo en el que se lleve a cabo la enajenaci\u00f3n de la inversi\u00f3n.  Las sociedades del Grupo no se ubican en pa\u00edses de econom\u00eda hiperinflacionaria. 3.20  Saldos y transacciones en moneda diferente al euro Las cuentas anuales consolidadas se presentan en euros, que es la moneda funcional y de presentaci\u00f3n de la Sociedad Dominante.  La conversi\u00f3n a euros de los cr\u00e9ditos y d\u00e9bitos expresados en moneda diferente del euro se realiza aplicando el tipo de cambio vigente en el momento de efectuar la correspondiente operaci\u00f3n, ajust\u00e1ndose dicho valor en  cada  cierre  y  hasta  su  cancelaci\u00f3n  en  funci\u00f3n  de  la  evoluci\u00f3n  del  tipo  de  cambio.  Los  activos  no monetarios denominados en moneda extranjera, poco significativos en ENCE, se convierten aplicando el tipo de cambio aplicable en la fecha en la que el activo se incorpor\u00f3 al Grupo. Las diferencias de cambio que resultan del cobro o pago de cr\u00e9ditos o deudas en moneda diferente del euro y las que resultan de valorar las cuentas a cobrar y pagar en moneda diferente del euro en cada fecha de cierre, de acuerdo con el tipo de cambio vigente en ese momento, se imputan a resultados como un gasto financiero en el periodo en que se producen. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-508": {
   "value": "2.2<span class=\"ff5\"> <span class=\"__1 _cc\"> </span></span><span class=\"fc3\">Principios de conso<span class=\"__1 _5\"></span>lidaci\u00f3n </span>En el Anexo I<span class=\"__1 _5\"></span> se <span class=\"__1 _5\"></span>incluye un detalle<span class=\"__1 _5\"></span> de las <span class=\"__1 _5\"></span>sociedades dependientes, negocios conjuntos y asociadas de <span class=\"__1 _70\"></span>E<span class=\"__1 _6\"></span>NCE, as\u00ed como el m\u00e9todo d<span class=\"__1 _6\"></span>e consolidaci\u00f3n<span class=\"__1 _6\"></span> o valoraci\u00f3n a<span class=\"__1 _6\"></span>plicado y otra informaci\u00f3n referente <span class=\"__1 _6\"></span>a las mismas<span class=\"__1 _6\"></span>.<span class=\"__1 _6\"></span> Sociedades dependien<span class=\"__1 _6\"></span>tes Se <span class=\"__1 _c6\"> </span>con<span class=\"__1 _6\"></span>sideran  sociedades <span class=\"__1 _c6\"> </span>depend<span class=\"__1 _6\"></span>ientes <span class=\"__1 _ca\"> </span>aq<span class=\"__1 _6\"></span>uellas  sobre <span class=\"__1 _c6\"> </span>las <span class=\"__1 _ca\"> </span>que <span class=\"__1 _ca\"> </span>ENCE, <span class=\"__1 _ca\"> </span>directa <span class=\"__1 _ca\"> </span>o <span class=\"__1 _ca\"> </span>indirectamente, <span class=\"__1 _ca\"> </span>ejerce control. <span class=\"__1 _70\"></span>Dicho<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>contro<span class=\"__1 _6\"></span>l <span class=\"__1 _70\"></span>se <span class=\"__1 _5\"></span>manifiesta, <span class=\"__1 _5\"></span>en <span class=\"__1 _70\"></span>general aunque <span class=\"__1 _70\"></span>no <span class=\"__1 _70\"></span>\u00fa<span class=\"__1 _6\"></span>nicamente, <span class=\"__1 _70\"></span>por la <span class=\"__1 _70\"></span>propiedad, directa <span class=\"__1 _70\"></span>o <span class=\"__1 _70\"></span>indirecta, de al <span class=\"__1 _6\"></span>menos <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>50% o <span class=\"__1 _6\"></span>m\u00e1s <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>derechos p<span class=\"__1 _6\"></span>ol\u00edticos d<span class=\"__1 _6\"></span>e las <span class=\"__1 _6\"></span>en<span class=\"__1 _6\"></span>tidades <span class=\"__1 _6\"></span>participadas. <span class=\"__1 _4\"></span>El Grupo EN<span class=\"__1 _6\"></span>CE cons<span class=\"__1 _6\"></span>idera que <span class=\"__1 _6\"></span>mantiene <span class=\"__1 _6\"></span>el con<span class=\"__1 _6\"></span>trol <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>una <span class=\"__1 _6\"></span>sociedad<span class=\"__1 _6\"></span> cu<span class=\"__1 _6\"></span>ando <span class=\"__1 _6\"></span>posee <span class=\"__1 _6\"></span>derechos s<span class=\"__1 _6\"></span>ustantivos <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>vigor <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>le <span class=\"__1 _6\"></span>proporcionan<span class=\"__1 _6\"></span> la capacid<span class=\"__1 _6\"></span>ad de <span class=\"__1 _6\"></span>dirigir las<span class=\"__1 _6\"></span> actividades <span class=\"__1 _6\"></span>relevantes <span class=\"__1 _6\"></span>y est\u00e1 <span class=\"__1 _6\"></span>expuesto, <span class=\"__1 _6\"></span>o tiene <span class=\"__1 _6\"></span>derecho, a <span class=\"__1 _6\"></span>rendimientos <span class=\"__1 _6\"></span>variables procedentes <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>u <span class=\"__1 _8\"></span>implicaci\u00f3n <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>sociedad <span class=\"__1 _8\"></span>y <span class=\"__1 _6\"></span>tiene <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>capacidad <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>influir <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>esos <span class=\"__1 _8\"></span>rendimientos <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>trav\u00e9s de su pod<span class=\"__1 _6\"></span>er sobre esta<span class=\"__1 _6\"></span><span class=\"ff6\">. Estas sociedades se han<span class=\"__1 _6\"></span> consolidado por el m\u00e9todo de \u201cIn<span class=\"__1 _6\"></span>tegraci\u00f3n Global\u201d<span class=\"__1 _6\"></span>.<span class=\"__1 _6\"></span></span> Los <span class=\"__1 _8\"></span>ingresos,<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>gastos <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>flujos <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>efectivo <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>entidades <span class=\"__1 _8\"></span>depend<span class=\"__1 _6\"></span>ientes <span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>e <span class=\"__1 _8\"></span>incluyen <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>las <span class=\"__1 _4\"></span>cuentas <span class=\"__1 _8\"></span>anuales consolidadas <span class=\"__1 _4\"></span>desde <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>fecha <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>adquis<span class=\"__1 _6\"></span>ici\u00f3n, <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>s <span class=\"__1 _4\"></span>aquella, <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>G<span class=\"__1 _5\"></span>rupo <span class=\"__1 _4\"></span>obtiene <span class=\"__1 _4\"></span>efectivamente <span class=\"__1 _8\"></span>e<span class=\"__1 _6\"></span>l control de las mis<span class=\"__1 _6\"></span>mas. Las entid<span class=\"__1 _6\"></span>ades dependientes s<span class=\"__1 _6\"></span>e excluyen de la co<span class=\"__1 _6\"></span>nsolidaci\u00f3n d<span class=\"__1 _6\"></span>esde la fecha en la<span class=\"__1 _6\"></span> que se pierde el control so<span class=\"__1 _6\"></span>bre ellas.<span class=\"__1 _6\"></span> Las <span class=\"__1 _4\"></span>participacion<span class=\"__1 _6\"></span>es <span class=\"__1 _4\"></span>no <span class=\"__1 _4\"></span>dominantes <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>reconocen <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _c8\"></span>momento <span class=\"__1 _4\"></span>inicial <span class=\"__1 _4\"></span>por <span class=\"__1 _4\"></span>un<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>importe <span class=\"__1 _4\"></span>equivalent<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>su participaci\u00f3n <span class=\"__1 _8\"></span>proporcional <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>activos <span class=\"__1 _6\"></span>netos <span class=\"__1 _8\"></span>identificables <span class=\"__1 _6\"></span>reconocidos<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>fecha <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>toma <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>control. Las <span class=\"__1 _c8\"></span>participaciones <span class=\"__1 _4\"></span>n<span class=\"__1 _6\"></span>o <span class=\"__1 _c8\"></span>dominantes <span class=\"__1 _c8\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>pat<span class=\"__1 _6\"></span>rimonio <span class=\"__1 _4\"></span>y <span class=\"__1 _c8\"></span>en <span class=\"__1 _c8\"></span>los <span class=\"__1 _4\"></span>resultad<span class=\"__1 _6\"></span>os <span class=\"__1 _4\"></span>de <span class=\"__1 _c8\"></span>las <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>ociedades <span class=\"__1 _4\"></span>dependientes integradas globalmente s<span class=\"__1 _6\"></span>e presentan<span class=\"__1 _6\"></span> bajo la denominaci\u00f3<span class=\"__1 _6\"></span>n de \u201cIntereses m<span class=\"__1 _6\"></span>inoritarios\u201d, d<span class=\"__1 _6\"></span>entro del cap\u00edtulo<span class=\"__1 _6\"></span> \u201cPatrimonio <span class=\"__1 _c8\"></span>Neto\u201d <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>Esta<span class=\"__1 _6\"></span>do <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>Situ<span class=\"__1 _6\"></span>aci\u00f3n <span class=\"__1 _4\"></span>Finan<span class=\"__1 _6\"></span>ciera <span class=\"__1 _4\"></span>consolidado, <span class=\"__1 _c8\"></span>y <span class=\"__1 _4\"></span>del<span class=\"__1 _6\"></span><span class=\"ff4\"> <span class=\"__1 _c8\"></span></span>cap\u00edtulo <span class=\"__1 _4\"></span>\u201cResultado <span class=\"__1 _4\"></span>at<span class=\"__1 _6\"></span>ribuido <span class=\"__1 _4\"></span>a intereses minoritarios\u201d d<span class=\"__1 _6\"></span>el Estado d<span class=\"__1 _6\"></span>e Resultado cons<span class=\"__1 _6\"></span>olidado.<span class=\"ff4\"> </span>Los cambio<span class=\"__1 _6\"></span>s en <span class=\"__1 _6\"></span>la p<span class=\"__1 _6\"></span>articipaci\u00f3n <span class=\"__1 _6\"></span>de u<span class=\"__1 _6\"></span>na s<span class=\"__1 _6\"></span>ociedad d<span class=\"__1 _6\"></span>ependiente que <span class=\"__1 _6\"></span>no d<span class=\"__1 _6\"></span>an lu<span class=\"__1 _6\"></span>gar a <span class=\"__1 _6\"></span>una <span class=\"__1 _6\"></span>p\u00e9rdida <span class=\"__1 _6\"></span>de con<span class=\"__1 _6\"></span>trol s<span class=\"__1 _6\"></span>e contabilizan <span class=\"__1 _c8\"> </span>como <span class=\"__1 _c8\"> </span>transaccion<span class=\"__1 _6\"></span>es <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>pat<span class=\"__1 _6\"></span>rimonio, <span class=\"__1 _c8\"></span>es <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>ecir, <span class=\"__1 _c8\"> </span>qu<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>cu<span class=\"__1 _6\"></span>alquier <span class=\"__1 _c8\"></span>resultado <span class=\"__1 _c8\"></span>obtenido <span class=\"__1 _c8\"> </span>se <span class=\"__1 _c8\"></span>reconoce directamente en el patrimoni<span class=\"__1 _6\"></span>o.  Cuando <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>produce <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>\u00e9rdida <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>con<span class=\"__1 _6\"></span>trol <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>u<span class=\"__1 _5\"></span>na <span class=\"__1 _4\"></span>empresa <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>G<span class=\"__1 _5\"></span>rupo, <span class=\"__1 _4\"></span>tiene <span class=\"__1 _4\"></span>lugar <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>baja <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>sus <span class=\"__1 _4\"></span>activos <span class=\"__1 _4\"></span>y<span class=\"__1 _5\"></span> pasivos, <span class=\"__1 _c8\"> </span>as\u00ed <span class=\"__1 _c8\"> </span>como <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"></span>otros <span class=\"__1 _c8\"></span>componentes <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>patrimonio <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>cualquier <span class=\"__1 _c8\"> </span>particip<span class=\"__1 _8\"></span>aci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>n<span class=\"__1 _6\"></span>o <span class=\"__1 _c8\"></span>dominante <span class=\"__1 _c8\"></span>que<span class=\"__1 _1bc\"> </span>pudiera existir. <span class=\"__1 _5\"></span>Las plu<span class=\"__1 _5\"></span>sval\u00edas o <span class=\"__1 _70\"></span>minus<span class=\"__1 _6\"></span>val\u00edas resultantes <span class=\"__1 _5\"></span>se r<span class=\"__1 _70\"></span>econ<span class=\"__1 _6\"></span>ocen en <span class=\"__1 _70\"></span>el Estado de <span class=\"__1 _70\"></span>Resultado consolidado. Las <span class=\"__1 _8\"></span>participaciones <span class=\"__1 _8\"></span>que <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>mantengan<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>las <span class=\"__1 _8\"></span>filiales <span class=\"__1 _8\"></span>sobre <span class=\"__1 _6\"></span>las <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>se <span class=\"__1 _6\"></span>hu<span class=\"__1 _6\"></span>biera <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>erdido <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>control <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>valoran<span class=\"__1 _5\"></span> por <span class=\"__1 _6\"></span>su <span class=\"__1 _6\"></span>valor <span class=\"__1 _6\"></span>razonable <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>la fecha <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>esta <span class=\"__1 _6\"></span>circunstancia <span class=\"__1 _6\"></span>hubiera <span class=\"__1 _6\"></span>tenido <span class=\"__1 _6\"></span>lugar, <span class=\"__1 _6\"></span>siendo <span class=\"__1 _6\"></span>\u00e9ste <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>valor d<span class=\"__1 _6\"></span>e coste a efectos de su<span class=\"__1 _6\"></span> valoraci\u00f3n po<span class=\"__1 _6\"></span>sterior.<span class=\"__1 _1bc\"> </span> Operaciones conjuntas<span class=\"__1 _6\"></span> En aquellos casos en lo<span class=\"__1 _5\"></span>s que s<span class=\"__1 _5\"></span>e gestiona con terceros una <span class=\"__1 _5\"></span>operaci\u00f3n conjunta, y se <span class=\"__1 _5\"></span>concluye que el <span class=\"__1 _5\"></span>part\u00edcipe tiene <span class=\"__1 _4\"></span>derechos <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>obligaciones <span class=\"__1 _4\"></span>directas <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>or <span class=\"__1 _4\"></span>su <span class=\"__1 _8\"></span>parte <span class=\"__1 _4\"></span>proporcional <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>activos <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>pas<span class=\"__1 _6\"></span>ivos <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>acuerdo<span class=\"__1 _6\"></span>, <span class=\"__1 _4\"></span>se reconoce <span class=\"__1 _c8\"></span>en <span class=\"__1 _c8\"> </span>las <span class=\"__1 _c8\"> </span>cuenta<span class=\"__1 _6\"></span>s <span class=\"__1 _c8\"></span>anuales <span class=\"__1 _c8\"></span>consolida<span class=\"__1 _6\"></span>das <span class=\"__1 _c8\"> </span>los <span class=\"__1 _c8\"> </span>act<span class=\"__1 _6\"></span>ivos, <span class=\"__1 _c8\"></span>pasivos, <span class=\"__1 _c8\"></span>ingresos <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c8\"> </span>gastos <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>acuerdo <span class=\"__1 _c8\"> </span>con<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>su participaci\u00f3n <span class=\"__1 _6\"></span>en la <span class=\"__1 _6\"></span>operaci\u00f3n <span class=\"__1 _6\"></span>conjun<span class=\"__1 _6\"></span>ta. Las<span class=\"__1 _6\"></span> so<span class=\"__1 _6\"></span>ciedades integrad<span class=\"__1 _6\"></span>as p<span class=\"__1 _6\"></span>or este <span class=\"__1 _6\"></span>m\u00e9todo se <span class=\"__1 _6\"></span>incluy<span class=\"__1 _6\"></span>en en <span class=\"__1 _6\"></span>el An<span class=\"__1 _6\"></span>exo I.<span class=\"ls0_1\"> </span>Inversiones registradas po<span class=\"__1 _6\"></span>r el m\u00e9todo d<span class=\"__1 _6\"></span>e la participaci\u00f3n <span class=\"__1 _6\"></span> Las <span class=\"__1 _70\"></span>in<span class=\"__1 _6\"></span>versiones <span class=\"__1 _5\"></span>registradas po<span class=\"__1 _5\"></span>r <span class=\"__1 _70\"></span>el m\u00e9<span class=\"__1 _5\"></span>todo <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>la participaci\u00f3n <span class=\"__1 _70\"></span>in<span class=\"__1 _6\"></span>cluyen <span class=\"__1 _70\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>inversion<span class=\"__1 _6\"></span>es <span class=\"__1 _70\"></span>en <span class=\"__1 _5\"></span>empresas <span class=\"__1 _5\"></span>asociadas<span class=\"__1 _6\"></span>, as\u00ed como en negocios co<span class=\"__1 _6\"></span>njuntos<span class=\"__1 _6\"></span> (acuerdos<span class=\"__1 _6\"></span> conjuntos qu<span class=\"__1 _6\"></span>e dan derecho a los activ<span class=\"__1 _6\"></span>os netos del acuerdo)<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span>Se <span class=\"__1 _5\"></span>consideran asociadas aquellas sociedades sobre las <span class=\"__1 _70\"></span>q<span class=\"__1 _6\"></span>ue ENCE, <span class=\"__1 _5\"></span>directa<span class=\"__1 _6\"></span> o <span class=\"__1 _70\"></span>in<span class=\"__1 _6\"></span>directamente, ejerce influencia significativa. <span class=\"__1 _6\"></span>La <span class=\"__1 _6\"></span>influencia <span class=\"__1 _6\"></span>significativa <span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>poder <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>intervenir <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>decisiones <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e pol\u00edtica <span class=\"__1 _6\"></span>financiera <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>de explotaci\u00f3n d<span class=\"__1 _6\"></span>e una <span class=\"__1 _6\"></span>entidad, s<span class=\"__1 _6\"></span>in q<span class=\"__1 _6\"></span>ue sup<span class=\"__1 _6\"></span>onga la <span class=\"__1 _6\"></span>existencia de con<span class=\"__1 _6\"></span>trol o <span class=\"__1 _6\"></span>de contro<span class=\"__1 _6\"></span>l conju<span class=\"__1 _6\"></span>nto sobre <span class=\"__1 _6\"></span>la mism<span class=\"__1 _8\"></span>a. Generalmente v<span class=\"__1 _6\"></span>iene acompa<span class=\"__1 _6\"></span>\u00f1ado <span class=\"__1 _6\"></span>por una par<span class=\"__1 _6\"></span>ticipaci\u00f3n d<span class=\"__1 _6\"></span>e entre un <span class=\"__1 _6\"></span>20% y <span class=\"__1 _6\"></span>un 50% d<span class=\"__1 _6\"></span>e los d<span class=\"__1 _6\"></span>erechos de <span class=\"__1 _6\"></span>voto<span class=\"__1 _6\"></span> de la entidad. Las <span class=\"__1 _8\"></span>inversiones <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>entidad<span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>asociadas<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>inversiones <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>negocios <span class=\"__1 _8\"></span>conjuntos <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>registran<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>or <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>m\u00e9todo de la <span class=\"__1 _6\"></span>participaci\u00f3n <span class=\"__1 _6\"></span>desde <span class=\"__1 _6\"></span>la fecha <span class=\"__1 _6\"></span>en la <span class=\"__1 _6\"></span>que se <span class=\"__1 _6\"></span>ejerce influencia <span class=\"__1 _6\"></span>significativa, <span class=\"__1 _6\"></span>o b<span class=\"__1 _6\"></span>ien, el control <span class=\"__1 _6\"></span>conjunto<span class=\"__1 _6\"></span>. En este sentido, esta<span class=\"__1 _6\"></span>s inversiones se recono<span class=\"__1 _6\"></span>cen inicialmente por su<span class=\"__1 _6\"></span> coste de adquisici\u00f3n<span class=\"__1 _6\"></span>.<span class=\"__1 _6\"></span> El <span class=\"__1 _6\"></span>exceso <span class=\"__1 _6\"></span>entre <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>coste <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>inversi\u00f3n <span class=\"__1 _6\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>porcenta<span class=\"__1 _6\"></span>je <span class=\"__1 _6\"></span>correspond<span class=\"__1 _6\"></span>iente <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>Grupo<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>lo<span class=\"__1 _8\"></span>s <span class=\"__1 _6\"></span>valores <span class=\"__1 _8\"></span>razonables de <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>activos <span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>etos <span class=\"__1 _6\"></span>identificables <span class=\"__1 _8\"></span>se <span class=\"__1 _6\"></span>registra <span class=\"__1 _8\"></span>como <span class=\"__1 _6\"></span>fondo <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>com<span class=\"__1 _6\"></span>ercio, <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>incluye <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>alor <span class=\"__1 _6\"></span>contab<span class=\"__1 _6\"></span>le de <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>inversi\u00f3n. <span class=\"__1 _4\"></span>E<span class=\"__1 _6\"></span>l <span class=\"__1 _4\"></span>defecto, <span class=\"__1 _4\"></span>una <span class=\"__1 _4\"></span>vez <span class=\"__1 _4\"></span>evaluad<span class=\"__1 _6\"></span>os <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>importes <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>coste <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>in<span class=\"__1 _6\"></span>versi\u00f3n <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>identificaci\u00f3n <span class=\"__1 _4\"></span>y valoraci\u00f3n <span class=\"__1 _ca\"> </span>de <span class=\"__1 _c6\"> </span>los <span class=\"__1 _c6\"> </span>a<span class=\"__1 _6\"></span>ctivos <span class=\"__1 _c6\"> </span>netos  de <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c6\"> </span>as<span class=\"__1 _6\"></span>ociada, <span class=\"__1 _c6\"> </span>se <span class=\"__1 _ca\"> </span>registra <span class=\"__1 _c6\"> </span>como <span class=\"__1 _c6\"> </span>u<span class=\"__1 _6\"></span>n <span class=\"__1 _c6\"> </span>ingreso <span class=\"__1 _c6\"> </span>en  la <span class=\"__1 _c8\"> </span>determinaci\u00f3n <span class=\"__1 _ca\"> </span>de <span class=\"__1 _c6\"> </span>la participaci\u00f3n del inv<span class=\"__1 _6\"></span>ersor en los resu<span class=\"__1 _6\"></span>ltados de la asociad<span class=\"__1 _6\"></span>a del ejercicio en que se ha adqu<span class=\"__1 _6\"></span>irido.<span class=\"__1 _8\"></span> La particip<span class=\"__1 _6\"></span>aci\u00f3n del <span class=\"__1 _6\"></span>Grupo en los<span class=\"__1 _6\"></span> beneficios <span class=\"__1 _6\"></span>o p\u00e9rdidas <span class=\"__1 _6\"></span>de las <span class=\"__1 _6\"></span>entidades as<span class=\"__1 _8\"></span>ociadas <span class=\"__1 _6\"></span>obtenidas d<span class=\"__1 _6\"></span>esde la fecha de adquisici\u00f3n se registra como un aumento o disminuci\u00f3n del valor de <span class=\"__1 _5\"></span>las inversiones con abono o cargo al ep\u00edgrafe <span class=\"__1 _8\"></span>\"Resulta<span class=\"__1 _6\"></span>do <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>sociedades <span class=\"__1 _8\"></span>integradas<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>por <span class=\"__1 _8\"></span>el <span class=\"__1 _4\"></span>m\u00e9<span class=\"__1 _5\"></span>todo <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>participaci\u00f3n\" <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>Estado <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>Res<span class=\"__1 _6\"></span>ultado consolidado<span class=\"__1 _6\"></span>. <span class=\"__1 _6\"></span>Las <span class=\"__1 _8\"></span>distribuciones <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>div<span class=\"__1 _6\"></span>idendos <span class=\"__1 _6\"></span>se <span class=\"__1 _8\"></span>registran <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>minoraciones <span class=\"__1 _8\"></span>del <span class=\"__1 _6\"></span>valor <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>in<span class=\"__1 _6\"></span>versiones.<span class=\"__1 _1bc\"> </span>Asimismo, se ajusta el valor de la inversi\u00f3n para reflejar la proporci\u00f3n de aquellos cambios en el patrimonio neto de estas s<span class=\"__1 _6\"></span>ociedades que no se h<span class=\"__1 _6\"></span>an reconocido e<span class=\"__1 _6\"></span>n s<span class=\"__1 _6\"></span>us resultados. Conversi\u00f3n de esta<span class=\"__1 _6\"></span>dos financieros<span class=\"__1 _6\"></span> Los res<span class=\"__1 _6\"></span>ultados y <span class=\"__1 _6\"></span>la posici\u00f3n <span class=\"__1 _6\"></span>financiera d<span class=\"__1 _6\"></span>e todas<span class=\"__1 _6\"></span> las entid<span class=\"__1 _6\"></span>ades del <span class=\"__1 _6\"></span>Grupo cuy<span class=\"__1 _6\"></span>a moneda <span class=\"__1 _6\"></span>funcional s<span class=\"__1 _6\"></span>ea distinta de <span class=\"__1 _4\"></span>la <span class=\"__1 _c8\"></span>moneda <span class=\"__1 _4\"></span>de <span class=\"__1 _c8\"></span>presentaci\u00f3n <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>convierten <span class=\"__1 _c8\"></span>a <span class=\"__1 _4\"></span>euro <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _4\"></span>siguiente <span class=\"__1 _4\"></span>modo; <span class=\"__1 _c6\"> </span>los <span class=\"__1 _c8\"></span>activos <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>pasivo<span class=\"__1 _6\"></span>s <span class=\"__1 _4\"></span>al <span class=\"__1 _4\"></span>t<span class=\"__1 _6\"></span>ipo <span class=\"__1 _4\"></span>de cambio <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>cierre <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>fecha <span class=\"__1 _6\"></span>del E<span class=\"__1 _6\"></span>stado <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>Situaci\u00f3n <span class=\"__1 _6\"></span>Financiera, <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>patrimonio <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>tipo <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>cambio <span class=\"__1 _6\"></span>hist\u00f3rico, <span class=\"__1 _6\"></span>y los ingresos y gastos <span class=\"__1 _5\"></span>al tipo de<span class=\"__1 _5\"></span> cambio medio <span class=\"__1 _5\"></span>del periodo de <span class=\"__1 _5\"></span>devengo. Las diferencias de ca<span class=\"__1 _5\"></span>mbio resultantes se <span class=\"__1 _6\"></span>reconocen <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>\u201cOtro <span class=\"__1 _6\"></span>Resultado <span class=\"__1 _8\"></span>Global\u201d, y <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>imputar\u00e1n <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>cuenta <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>resultados <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el periodo <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>que se lleve a cabo la enaj<span class=\"__1 _6\"></span>enaci\u00f3n de la invers<span class=\"__1 _6\"></span>i\u00f3n.  Las sociedad<span class=\"__1 _6\"></span>es del Grupo no se ub<span class=\"__1 _6\"></span>ican en pa\u00edses d<span class=\"__1 _6\"></span>e econom\u00eda <span class=\"__1 _6\"></span>hiperinflacionaria.<span class=\"__1 _1bc\"> </span>Homogeneizaci\u00f3n y otros<span class=\"__1 _6\"></span> La consolidaci\u00f3n de las entidades que conforman el <span class=\"__1 _5\"></span>per\u00edmetro de consolidaci\u00f3n<span class=\"__1 _6\"></span> ha sido re<span class=\"__1 _5\"></span>alizada a partir de sus cuentas <span class=\"__1 _70\"></span>an<span class=\"__1 _6\"></span>uales indivi<span class=\"__1 _5\"></span>duales <span class=\"__1 _5\"></span>que <span class=\"__1 _5\"></span>son preparadas <span class=\"__1 _5\"></span>conforme <span class=\"__1 _70\"></span>al<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>Plan General <span class=\"__1 _70\"></span>de Contabilidad Espa\u00f1ol <span class=\"__1 _5\"></span>para aquellas <span class=\"__1 _cb\"> </span>sociedades <span class=\"__1 _cb\"> </span>residentes <span class=\"__1 _cb\"> </span>en <span class=\"__1 _cb\"> </span>Espa\u00f1<span class=\"__1 _6\"></span>a <span class=\"__1 _cb\"> </span>y<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>conforme <span class=\"__1 _cb\"> </span>a <span class=\"__1 _cb\"> </span>su <span class=\"__1 _cb\"> </span>propia <span class=\"__1 _cb\"> </span>normativa <span class=\"__1 _cb\"> </span>local <span class=\"__1 _cb\"> </span>para <span class=\"__1 _cb\"> </span>el  resto <span class=\"__1 _cb\"> </span>de<span class=\"__1 _6\"></span> participadas.  Las p<span class=\"__1 _6\"></span>ol\u00edticas con<span class=\"__1 _6\"></span>tables de <span class=\"__1 _6\"></span>las sociedades <span class=\"__1 _6\"></span>dependientes <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>han adap<span class=\"__1 _6\"></span>tado a <span class=\"__1 _6\"></span>las pol\u00edticas <span class=\"__1 _6\"></span>contables <span class=\"__1 _6\"></span>del Grupo. As\u00ed <span class=\"__1 _5\"></span>mismo, <span class=\"__1 _5\"></span>las <span class=\"__1 _70\"></span>cuenta<span class=\"__1 _6\"></span>s <span class=\"__1 _70\"></span>an<span class=\"__1 _6\"></span>uales <span class=\"__1 _70\"></span>o estados <span class=\"__1 _70\"></span>financieros de <span class=\"__1 _70\"></span>las <span class=\"__1 _70\"></span>sociedad<span class=\"__1 _6\"></span>es <span class=\"__1 _5\"></span>dependi<span class=\"__1 _6\"></span>entes utilizados <span class=\"__1 _70\"></span>en e<span class=\"__1 _5\"></span>l <span class=\"__1 _5\"></span>proceso de <span class=\"__1 _6\"></span>consolidaci\u00f3n <span class=\"__1 _6\"></span>est\u00e1<span class=\"__1 _6\"></span>n <span class=\"__1 _6\"></span>referidos <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>mis<span class=\"__1 _6\"></span>ma <span class=\"__1 _6\"></span>fecha <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>pres<span class=\"__1 _6\"></span>entaci\u00f3n, <span class=\"__1 _6\"></span>31 <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>iciembre, <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>mismo <span class=\"__1 _6\"></span>period<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>que los de la Sociedad d<span class=\"__1 _6\"></span>ominante. En el <span class=\"__1 _6\"></span>proceso <span class=\"__1 _6\"></span>de cons<span class=\"__1 _6\"></span>olidaci\u00f3n, <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>transaccion<span class=\"__1 _6\"></span>es y s<span class=\"__1 _6\"></span>aldos mantenid<span class=\"__1 _6\"></span>os entre <span class=\"__1 _6\"></span>sociedades <span class=\"__1 _6\"></span>depe<span class=\"__1 _8\"></span>ndientes <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>los beneficios o p\u00e9rdidas<span class=\"__1 _6\"></span> no realizados h<span class=\"__1 _6\"></span>an sido eliminados.<span class=\"__1 _6\"></span> Los tra<span class=\"__1 _6\"></span>bajos <span class=\"__1 _6\"></span>efectuados <span class=\"__1 _6\"></span>por el <span class=\"__1 _6\"></span>Grupo p<span class=\"__1 _6\"></span>ara su<span class=\"__1 _6\"></span> prop<span class=\"__1 _6\"></span>io inmovilizado <span class=\"__1 _6\"></span>se reconocen <span class=\"__1 _6\"></span>por <span class=\"__1 _6\"></span>su cos<span class=\"__1 _6\"></span>te de <span class=\"__1 _6\"></span>producci\u00f3n elimin\u00e1ndose los resu<span class=\"__1 _6\"></span>ltados intragrupo.<span class=\"__1 _1bc\"> </span>En la <span class=\"__1 _5\"></span>Nota 6 <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>e presentan <span class=\"__1 _5\"></span>los cambios habidos<span class=\"__1 _6\"></span> e<span class=\"__1 _5\"></span>n los <span class=\"__1 _5\"></span>ejercicios 2023 <span class=\"__1 _70\"></span>y<span class=\"__1 _6\"></span> 2022 e<span class=\"__1 _5\"></span>n el <span class=\"__1 _5\"></span>conjunto de las <span class=\"__1 _5\"></span>sociedades consolidadas<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>por <span class=\"__1 _8\"></span>integraci\u00f3n <span class=\"__1 _8\"></span>global <span class=\"__1 _8\"></span>y <span class=\"__1 _4\"></span>por <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>m\u00e9todo <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>articipaci\u00f3n. <span class=\"__1 _8\"></span>En <span class=\"__1 _4\"></span>las <span class=\"__1 _6\"></span>corresp<span class=\"__1 _6\"></span>ondientes <span class=\"__1 _8\"></span>notas <span class=\"__1 _8\"></span>de esta Memoria consolidada, bajo el t\u00edtulo \u201cVariaciones del <span class=\"__1 _5\"></span>per\u00edmetro\u201d, se muestra<span class=\"ff4\">n<span class=\"__1 _6\"></span> los efectos relevantes de </span>las incorporacion<span class=\"__1 _6\"></span>es y salidas de sociedad<span class=\"__1 _6\"></span>es en el per\u00edmetro <span class=\"__1 _6\"></span>de consolidaci\u00f3n<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span>A <span class=\"__1 _cb\"> </span>ef<span class=\"__1 _5\"></span>ectos <span class=\"__1 _cb\"> </span>de <span class=\"__1 _cb\"> </span>comparabilidad <span class=\"__1 _cb\"> </span>se  deben <span class=\"__1 _cb\"> </span>tener  en <span class=\"__1 _cb\"> </span>consideraci\u00f3n<span class=\"__1 _8\"></span>, <span class=\"__1 _cb\"> </span>principalmente,  las<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>variaciones <span class=\"__1 _cb\"> </span>en  el per\u00edmetro de conso<span class=\"__1 _6\"></span>lidaci\u00f3n detalladas<span class=\"__1 _6\"></span> en <span class=\"__1 _6\"></span>la Nota 6. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-521": {
   "value": "2.2<span class=\"ff5\"> <span class=\"__1 _cc\"> </span></span><span class=\"fc3\">Principios de conso<span class=\"__1 _5\"></span>lidaci\u00f3n </span>Las <span class=\"__1 _4\"></span>participacion<span class=\"__1 _6\"></span>es <span class=\"__1 _4\"></span>no <span class=\"__1 _4\"></span>dominantes <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>reconocen <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _c8\"></span>momento <span class=\"__1 _4\"></span>inicial <span class=\"__1 _4\"></span>por <span class=\"__1 _4\"></span>un<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>importe <span class=\"__1 _4\"></span>equivalent<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>su participaci\u00f3n <span class=\"__1 _8\"></span>proporcional <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>activos <span class=\"__1 _6\"></span>netos <span class=\"__1 _8\"></span>identificables <span class=\"__1 _6\"></span>reconocidos<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>fecha <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>toma <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>control. Las <span class=\"__1 _c8\"></span>participaciones <span class=\"__1 _4\"></span>n<span class=\"__1 _6\"></span>o <span class=\"__1 _c8\"></span>dominantes <span class=\"__1 _c8\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>pat<span class=\"__1 _6\"></span>rimonio <span class=\"__1 _4\"></span>y <span class=\"__1 _c8\"></span>en <span class=\"__1 _c8\"></span>los <span class=\"__1 _4\"></span>resultad<span class=\"__1 _6\"></span>os <span class=\"__1 _4\"></span>de <span class=\"__1 _c8\"></span>las <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>ociedades <span class=\"__1 _4\"></span>dependientes integradas globalmente s<span class=\"__1 _6\"></span>e presentan<span class=\"__1 _6\"></span> bajo la denominaci\u00f3<span class=\"__1 _6\"></span>n de \u201cIntereses m<span class=\"__1 _6\"></span>inoritarios\u201d, d<span class=\"__1 _6\"></span>entro del cap\u00edtulo<span class=\"__1 _6\"></span> \u201cPatrimonio <span class=\"__1 _c8\"></span>Neto\u201d <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>Esta<span class=\"__1 _6\"></span>do <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>Situ<span class=\"__1 _6\"></span>aci\u00f3n <span class=\"__1 _4\"></span>Finan<span class=\"__1 _6\"></span>ciera <span class=\"__1 _4\"></span>consolidado, <span class=\"__1 _c8\"></span>y <span class=\"__1 _4\"></span>del<span class=\"__1 _6\"></span><span class=\"ff4\"> <span class=\"__1 _c8\"></span></span>cap\u00edtulo <span class=\"__1 _4\"></span>\u201cResultado <span class=\"__1 _4\"></span>at<span class=\"__1 _6\"></span>ribuido <span class=\"__1 _4\"></span>a intereses minoritarios\u201d d<span class=\"__1 _6\"></span>el Estado d<span class=\"__1 _6\"></span>e Resultado cons<span class=\"__1 _6\"></span>olidado.<span class=\"ff4\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTransactionsWithNoncontrollingInterestsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-601": {
   "value": "En el Anexo I<span class=\"__1 _5\"></span> se <span class=\"__1 _5\"></span>incluye un detalle<span class=\"__1 _5\"></span> de las <span class=\"__1 _5\"></span>sociedades dependientes, negocios conjuntos y asociadas de <span class=\"__1 _70\"></span>E<span class=\"__1 _6\"></span>NCE, as\u00ed como el m\u00e9todo d<span class=\"__1 _6\"></span>e consolidaci\u00f3n<span class=\"__1 _6\"></span> o valoraci\u00f3n a<span class=\"__1 _6\"></span>plicado y otra informaci\u00f3n referente <span class=\"__1 _6\"></span>a las mismas<span class=\"__1 _6\"></span>.<span class=\"__1 _6\"></span> Sociedades dependien<span class=\"__1 _6\"></span>tes Se <span class=\"__1 _c6\"> </span>con<span class=\"__1 _6\"></span>sideran  sociedades <span class=\"__1 _c6\"> </span>depend<span class=\"__1 _6\"></span>ientes <span class=\"__1 _ca\"> </span>aq<span class=\"__1 _6\"></span>uellas  sobre <span class=\"__1 _c6\"> </span>las <span class=\"__1 _ca\"> </span>que <span class=\"__1 _ca\"> </span>ENCE, <span class=\"__1 _ca\"> </span>directa <span class=\"__1 _ca\"> </span>o <span class=\"__1 _ca\"> </span>indirectamente, <span class=\"__1 _ca\"> </span>ejerce control. <span class=\"__1 _70\"></span>Dicho<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>contro<span class=\"__1 _6\"></span>l <span class=\"__1 _70\"></span>se <span class=\"__1 _5\"></span>manifiesta, <span class=\"__1 _5\"></span>en <span class=\"__1 _70\"></span>general aunque <span class=\"__1 _70\"></span>no <span class=\"__1 _70\"></span>\u00fa<span class=\"__1 _6\"></span>nicamente, <span class=\"__1 _70\"></span>por la <span class=\"__1 _70\"></span>propiedad, directa <span class=\"__1 _70\"></span>o <span class=\"__1 _70\"></span>indirecta, de al <span class=\"__1 _6\"></span>menos <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>50% o <span class=\"__1 _6\"></span>m\u00e1s <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>derechos p<span class=\"__1 _6\"></span>ol\u00edticos d<span class=\"__1 _6\"></span>e las <span class=\"__1 _6\"></span>en<span class=\"__1 _6\"></span>tidades <span class=\"__1 _6\"></span>participadas. <span class=\"__1 _4\"></span>El Grupo EN<span class=\"__1 _6\"></span>CE cons<span class=\"__1 _6\"></span>idera que <span class=\"__1 _6\"></span>mantiene <span class=\"__1 _6\"></span>el con<span class=\"__1 _6\"></span>trol <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>una <span class=\"__1 _6\"></span>sociedad<span class=\"__1 _6\"></span> cu<span class=\"__1 _6\"></span>ando <span class=\"__1 _6\"></span>posee <span class=\"__1 _6\"></span>derechos s<span class=\"__1 _6\"></span>ustantivos <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>vigor <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>le <span class=\"__1 _6\"></span>proporcionan<span class=\"__1 _6\"></span> la capacid<span class=\"__1 _6\"></span>ad de <span class=\"__1 _6\"></span>dirigir las<span class=\"__1 _6\"></span> actividades <span class=\"__1 _6\"></span>relevantes <span class=\"__1 _6\"></span>y est\u00e1 <span class=\"__1 _6\"></span>expuesto, <span class=\"__1 _6\"></span>o tiene <span class=\"__1 _6\"></span>derecho, a <span class=\"__1 _6\"></span>rendimientos <span class=\"__1 _6\"></span>variables procedentes <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>u <span class=\"__1 _8\"></span>implicaci\u00f3n <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>sociedad <span class=\"__1 _8\"></span>y <span class=\"__1 _6\"></span>tiene <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>capacidad <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>influir <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>esos <span class=\"__1 _8\"></span>rendimientos <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>trav\u00e9s de su pod<span class=\"__1 _6\"></span>er sobre esta<span class=\"__1 _6\"></span><span class=\"ff6\">. Estas sociedades se han<span class=\"__1 _6\"></span> consolidado por el m\u00e9todo de \u201cIn<span class=\"__1 _6\"></span>tegraci\u00f3n Global\u201d<span class=\"__1 _6\"></span>.<span class=\"__1 _6\"></span></span> Los <span class=\"__1 _8\"></span>ingresos,<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>gastos <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>flujos <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>efectivo <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>entidades <span class=\"__1 _8\"></span>depend<span class=\"__1 _6\"></span>ientes <span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>e <span class=\"__1 _8\"></span>incluyen <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>las <span class=\"__1 _4\"></span>cuentas <span class=\"__1 _8\"></span>anuales consolidadas <span class=\"__1 _4\"></span>desde <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>fecha <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>adquis<span class=\"__1 _6\"></span>ici\u00f3n, <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>s <span class=\"__1 _4\"></span>aquella, <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>G<span class=\"__1 _5\"></span>rupo <span class=\"__1 _4\"></span>obtiene <span class=\"__1 _4\"></span>efectivamente <span class=\"__1 _8\"></span>e<span class=\"__1 _6\"></span>l control de las mis<span class=\"__1 _6\"></span>mas. Las entid<span class=\"__1 _6\"></span>ades dependientes s<span class=\"__1 _6\"></span>e excluyen de la co<span class=\"__1 _6\"></span>nsolidaci\u00f3n d<span class=\"__1 _6\"></span>esde la fecha en la<span class=\"__1 _6\"></span> que se pierde el control so<span class=\"__1 _6\"></span>bre ellas.<span class=\"__1 _6\"></span> Las <span class=\"__1 _4\"></span>participacion<span class=\"__1 _6\"></span>es <span class=\"__1 _4\"></span>no <span class=\"__1 _4\"></span>dominantes <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>reconocen <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _c8\"></span>momento <span class=\"__1 _4\"></span>inicial <span class=\"__1 _4\"></span>por <span class=\"__1 _4\"></span>un<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>importe <span class=\"__1 _4\"></span>equivalent<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>su participaci\u00f3n <span class=\"__1 _8\"></span>proporcional <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>activos <span class=\"__1 _6\"></span>netos <span class=\"__1 _8\"></span>identificables <span class=\"__1 _6\"></span>reconocidos<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>fecha <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>toma <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>control. Las <span class=\"__1 _c8\"></span>participaciones <span class=\"__1 _4\"></span>n<span class=\"__1 _6\"></span>o <span class=\"__1 _c8\"></span>dominantes <span class=\"__1 _c8\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>pat<span class=\"__1 _6\"></span>rimonio <span class=\"__1 _4\"></span>y <span class=\"__1 _c8\"></span>en <span class=\"__1 _c8\"></span>los <span class=\"__1 _4\"></span>resultad<span class=\"__1 _6\"></span>os <span class=\"__1 _4\"></span>de <span class=\"__1 _c8\"></span>las <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>ociedades <span class=\"__1 _4\"></span>dependientes integradas globalmente s<span class=\"__1 _6\"></span>e presentan<span class=\"__1 _6\"></span> bajo la denominaci\u00f3<span class=\"__1 _6\"></span>n de \u201cIntereses m<span class=\"__1 _6\"></span>inoritarios\u201d, d<span class=\"__1 _6\"></span>entro del cap\u00edtulo<span class=\"__1 _6\"></span> \u201cPatrimonio <span class=\"__1 _c8\"></span>Neto\u201d <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>Esta<span class=\"__1 _6\"></span>do <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>Situ<span class=\"__1 _6\"></span>aci\u00f3n <span class=\"__1 _4\"></span>Finan<span class=\"__1 _6\"></span>ciera <span class=\"__1 _4\"></span>consolidado, <span class=\"__1 _c8\"></span>y <span class=\"__1 _4\"></span>del<span class=\"__1 _6\"></span><span class=\"ff4\"> <span class=\"__1 _c8\"></span></span>cap\u00edtulo <span class=\"__1 _4\"></span>\u201cResultado <span class=\"__1 _4\"></span>at<span class=\"__1 _6\"></span>ribuido <span class=\"__1 _4\"></span>a intereses minoritarios\u201d d<span class=\"__1 _6\"></span>el Estado d<span class=\"__1 _6\"></span>e Resultado cons<span class=\"__1 _6\"></span>olidado.<span class=\"ff4\"> </span>Los cambio<span class=\"__1 _6\"></span>s en <span class=\"__1 _6\"></span>la p<span class=\"__1 _6\"></span>articipaci\u00f3n <span class=\"__1 _6\"></span>de u<span class=\"__1 _6\"></span>na s<span class=\"__1 _6\"></span>ociedad d<span class=\"__1 _6\"></span>ependiente que <span class=\"__1 _6\"></span>no d<span class=\"__1 _6\"></span>an lu<span class=\"__1 _6\"></span>gar a <span class=\"__1 _6\"></span>una <span class=\"__1 _6\"></span>p\u00e9rdida <span class=\"__1 _6\"></span>de con<span class=\"__1 _6\"></span>trol s<span class=\"__1 _6\"></span>e contabilizan <span class=\"__1 _c8\"> </span>como <span class=\"__1 _c8\"> </span>transaccion<span class=\"__1 _6\"></span>es <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>pat<span class=\"__1 _6\"></span>rimonio, <span class=\"__1 _c8\"></span>es <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>ecir, <span class=\"__1 _c8\"> </span>qu<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>cu<span class=\"__1 _6\"></span>alquier <span class=\"__1 _c8\"></span>resultado <span class=\"__1 _c8\"></span>obtenido <span class=\"__1 _c8\"> </span>se <span class=\"__1 _c8\"></span>reconoce directamente en el patrimoni<span class=\"__1 _6\"></span>o.  Cuando <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>produce <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>\u00e9rdida <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>con<span class=\"__1 _6\"></span>trol <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>u<span class=\"__1 _5\"></span>na <span class=\"__1 _4\"></span>empresa <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>G<span class=\"__1 _5\"></span>rupo, <span class=\"__1 _4\"></span>tiene <span class=\"__1 _4\"></span>lugar <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>baja <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>sus <span class=\"__1 _4\"></span>activos <span class=\"__1 _4\"></span>y<span class=\"__1 _5\"></span> pasivos, <span class=\"__1 _c8\"> </span>as\u00ed <span class=\"__1 _c8\"> </span>como <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"></span>otros <span class=\"__1 _c8\"></span>componentes <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>patrimonio <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>cualquier <span class=\"__1 _c8\"> </span>particip<span class=\"__1 _8\"></span>aci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>n<span class=\"__1 _6\"></span>o <span class=\"__1 _c8\"></span>dominante <span class=\"__1 _c8\"></span>que<span class=\"__1 _1bc\"> </span>pudiera existir. <span class=\"__1 _5\"></span>Las plu<span class=\"__1 _5\"></span>sval\u00edas o <span class=\"__1 _70\"></span>minus<span class=\"__1 _6\"></span>val\u00edas resultantes <span class=\"__1 _5\"></span>se r<span class=\"__1 _70\"></span>econ<span class=\"__1 _6\"></span>ocen en <span class=\"__1 _70\"></span>el Estado de <span class=\"__1 _70\"></span>Resultado consolidado. Las <span class=\"__1 _8\"></span>participaciones <span class=\"__1 _8\"></span>que <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>mantengan<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>las <span class=\"__1 _8\"></span>filiales <span class=\"__1 _8\"></span>sobre <span class=\"__1 _6\"></span>las <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>se <span class=\"__1 _6\"></span>hu<span class=\"__1 _6\"></span>biera <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>erdido <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>control <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>valoran<span class=\"__1 _5\"></span> por <span class=\"__1 _6\"></span>su <span class=\"__1 _6\"></span>valor <span class=\"__1 _6\"></span>razonable <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>la fecha <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>esta <span class=\"__1 _6\"></span>circunstancia <span class=\"__1 _6\"></span>hubiera <span class=\"__1 _6\"></span>tenido <span class=\"__1 _6\"></span>lugar, <span class=\"__1 _6\"></span>siendo <span class=\"__1 _6\"></span>\u00e9ste <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>valor d<span class=\"__1 _6\"></span>e coste a efectos de su<span class=\"__1 _6\"></span> valoraci\u00f3n po<span class=\"__1 _6\"></span>sterior.<span class=\"__1 _1bc\"> </span>3.19<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Tr<span class=\"__1 _6\"></span>ansaccio<span class=\"__1 _5\"></span>nes con partes vin<span class=\"__1 _5\"></span>culadas </span></span>El Grupo realiza tod<span class=\"__1 _6\"></span>as sus op<span class=\"__1 _6\"></span>eraciones con partes vincu<span class=\"__1 _6\"></span>ladas a valores d<span class=\"__1 _6\"></span>e mercado.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-593": {
   "value": "Sociedades dependien<span class=\"__1 _6\"></span>tes Se <span class=\"__1 _c6\"> </span>con<span class=\"__1 _6\"></span>sideran  sociedades <span class=\"__1 _c6\"> </span>depend<span class=\"__1 _6\"></span>ientes <span class=\"__1 _ca\"> </span>aq<span class=\"__1 _6\"></span>uellas  sobre <span class=\"__1 _c6\"> </span>las <span class=\"__1 _ca\"> </span>que <span class=\"__1 _ca\"> </span>ENCE, <span class=\"__1 _ca\"> </span>directa <span class=\"__1 _ca\"> </span>o <span class=\"__1 _ca\"> </span>indirectamente, <span class=\"__1 _ca\"> </span>ejerce control. <span class=\"__1 _70\"></span>Dicho<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>contro<span class=\"__1 _6\"></span>l <span class=\"__1 _70\"></span>se <span class=\"__1 _5\"></span>manifiesta, <span class=\"__1 _5\"></span>en <span class=\"__1 _70\"></span>general aunque <span class=\"__1 _70\"></span>no <span class=\"__1 _70\"></span>\u00fa<span class=\"__1 _6\"></span>nicamente, <span class=\"__1 _70\"></span>por la <span class=\"__1 _70\"></span>propiedad, directa <span class=\"__1 _70\"></span>o <span class=\"__1 _70\"></span>indirecta, de al <span class=\"__1 _6\"></span>menos <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>50% o <span class=\"__1 _6\"></span>m\u00e1s <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>derechos p<span class=\"__1 _6\"></span>ol\u00edticos d<span class=\"__1 _6\"></span>e las <span class=\"__1 _6\"></span>en<span class=\"__1 _6\"></span>tidades <span class=\"__1 _6\"></span>participadas. <span class=\"__1 _4\"></span>El Grupo EN<span class=\"__1 _6\"></span>CE cons<span class=\"__1 _6\"></span>idera que <span class=\"__1 _6\"></span>mantiene <span class=\"__1 _6\"></span>el con<span class=\"__1 _6\"></span>trol <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>una <span class=\"__1 _6\"></span>sociedad<span class=\"__1 _6\"></span> cu<span class=\"__1 _6\"></span>ando <span class=\"__1 _6\"></span>posee <span class=\"__1 _6\"></span>derechos s<span class=\"__1 _6\"></span>ustantivos <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>vigor <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>le <span class=\"__1 _6\"></span>proporcionan<span class=\"__1 _6\"></span> la capacid<span class=\"__1 _6\"></span>ad de <span class=\"__1 _6\"></span>dirigir las<span class=\"__1 _6\"></span> actividades <span class=\"__1 _6\"></span>relevantes <span class=\"__1 _6\"></span>y est\u00e1 <span class=\"__1 _6\"></span>expuesto, <span class=\"__1 _6\"></span>o tiene <span class=\"__1 _6\"></span>derecho, a <span class=\"__1 _6\"></span>rendimientos <span class=\"__1 _6\"></span>variables procedentes <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>u <span class=\"__1 _8\"></span>implicaci\u00f3n <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>sociedad <span class=\"__1 _8\"></span>y <span class=\"__1 _6\"></span>tiene <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>capacidad <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>influir <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>esos <span class=\"__1 _8\"></span>rendimientos <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>trav\u00e9s de su pod<span class=\"__1 _6\"></span>er sobre esta<span class=\"__1 _6\"></span><span class=\"ff6\">. Estas sociedades se han<span class=\"__1 _6\"></span> consolidado por el m\u00e9todo de \u201cIn<span class=\"__1 _6\"></span>tegraci\u00f3n Global\u201d<span class=\"__1 _6\"></span>.<span class=\"__1 _6\"></span></span> Los <span class=\"__1 _8\"></span>ingresos,<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>gastos <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>flujos <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>efectivo <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>entidades <span class=\"__1 _8\"></span>depend<span class=\"__1 _6\"></span>ientes <span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>e <span class=\"__1 _8\"></span>incluyen <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>las <span class=\"__1 _4\"></span>cuentas <span class=\"__1 _8\"></span>anuales consolidadas <span class=\"__1 _4\"></span>desde <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>fecha <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>adquis<span class=\"__1 _6\"></span>ici\u00f3n, <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>s <span class=\"__1 _4\"></span>aquella, <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>G<span class=\"__1 _5\"></span>rupo <span class=\"__1 _4\"></span>obtiene <span class=\"__1 _4\"></span>efectivamente <span class=\"__1 _8\"></span>e<span class=\"__1 _6\"></span>l control de las mis<span class=\"__1 _6\"></span>mas. Las entid<span class=\"__1 _6\"></span>ades dependientes s<span class=\"__1 _6\"></span>e excluyen de la co<span class=\"__1 _6\"></span>nsolidaci\u00f3n d<span class=\"__1 _6\"></span>esde la fecha en la<span class=\"__1 _6\"></span> que se pierde el control so<span class=\"__1 _6\"></span>bre ellas.<span class=\"__1 _6\"></span> Las <span class=\"__1 _4\"></span>participacion<span class=\"__1 _6\"></span>es <span class=\"__1 _4\"></span>no <span class=\"__1 _4\"></span>dominantes <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>reconocen <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _c8\"></span>momento <span class=\"__1 _4\"></span>inicial <span class=\"__1 _4\"></span>por <span class=\"__1 _4\"></span>un<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>importe <span class=\"__1 _4\"></span>equivalent<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>su participaci\u00f3n <span class=\"__1 _8\"></span>proporcional <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>activos <span class=\"__1 _6\"></span>netos <span class=\"__1 _8\"></span>identificables <span class=\"__1 _6\"></span>reconocidos<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>fecha <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>toma <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>control. Las <span class=\"__1 _c8\"></span>participaciones <span class=\"__1 _4\"></span>n<span class=\"__1 _6\"></span>o <span class=\"__1 _c8\"></span>dominantes <span class=\"__1 _c8\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>pat<span class=\"__1 _6\"></span>rimonio <span class=\"__1 _4\"></span>y <span class=\"__1 _c8\"></span>en <span class=\"__1 _c8\"></span>los <span class=\"__1 _4\"></span>resultad<span class=\"__1 _6\"></span>os <span class=\"__1 _4\"></span>de <span class=\"__1 _c8\"></span>las <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>ociedades <span class=\"__1 _4\"></span>dependientes integradas globalmente s<span class=\"__1 _6\"></span>e presentan<span class=\"__1 _6\"></span> bajo la denominaci\u00f3<span class=\"__1 _6\"></span>n de \u201cIntereses m<span class=\"__1 _6\"></span>inoritarios\u201d, d<span class=\"__1 _6\"></span>entro del cap\u00edtulo<span class=\"__1 _6\"></span> \u201cPatrimonio <span class=\"__1 _c8\"></span>Neto\u201d <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>Esta<span class=\"__1 _6\"></span>do <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>Situ<span class=\"__1 _6\"></span>aci\u00f3n <span class=\"__1 _4\"></span>Finan<span class=\"__1 _6\"></span>ciera <span class=\"__1 _4\"></span>consolidado, <span class=\"__1 _c8\"></span>y <span class=\"__1 _4\"></span>del<span class=\"__1 _6\"></span><span class=\"ff4\"> <span class=\"__1 _c8\"></span></span>cap\u00edtulo <span class=\"__1 _4\"></span>\u201cResultado <span class=\"__1 _4\"></span>at<span class=\"__1 _6\"></span>ribuido <span class=\"__1 _4\"></span>a intereses minoritarios\u201d d<span class=\"__1 _6\"></span>el Estado d<span class=\"__1 _6\"></span>e Resultado cons<span class=\"__1 _6\"></span>olidado.<span class=\"ff4\"> </span>Los cambio<span class=\"__1 _6\"></span>s en <span class=\"__1 _6\"></span>la p<span class=\"__1 _6\"></span>articipaci\u00f3n <span class=\"__1 _6\"></span>de u<span class=\"__1 _6\"></span>na s<span class=\"__1 _6\"></span>ociedad d<span class=\"__1 _6\"></span>ependiente que <span class=\"__1 _6\"></span>no d<span class=\"__1 _6\"></span>an lu<span class=\"__1 _6\"></span>gar a <span class=\"__1 _6\"></span>una <span class=\"__1 _6\"></span>p\u00e9rdida <span class=\"__1 _6\"></span>de con<span class=\"__1 _6\"></span>trol s<span class=\"__1 _6\"></span>e contabilizan <span class=\"__1 _c8\"> </span>como <span class=\"__1 _c8\"> </span>transaccion<span class=\"__1 _6\"></span>es <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>pat<span class=\"__1 _6\"></span>rimonio, <span class=\"__1 _c8\"></span>es <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>ecir, <span class=\"__1 _c8\"> </span>qu<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>cu<span class=\"__1 _6\"></span>alquier <span class=\"__1 _c8\"></span>resultado <span class=\"__1 _c8\"></span>obtenido <span class=\"__1 _c8\"> </span>se <span class=\"__1 _c8\"></span>reconoce directamente en el patrimoni<span class=\"__1 _6\"></span>o.  Cuando <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>produce <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>\u00e9rdida <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>con<span class=\"__1 _6\"></span>trol <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>u<span class=\"__1 _5\"></span>na <span class=\"__1 _4\"></span>empresa <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>G<span class=\"__1 _5\"></span>rupo, <span class=\"__1 _4\"></span>tiene <span class=\"__1 _4\"></span>lugar <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>baja <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>sus <span class=\"__1 _4\"></span>activos <span class=\"__1 _4\"></span>y<span class=\"__1 _5\"></span> pasivos, <span class=\"__1 _c8\"> </span>as\u00ed <span class=\"__1 _c8\"> </span>como <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"></span>otros <span class=\"__1 _c8\"></span>componentes <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>patrimonio <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>cualquier <span class=\"__1 _c8\"> </span>particip<span class=\"__1 _8\"></span>aci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>n<span class=\"__1 _6\"></span>o <span class=\"__1 _c8\"></span>dominante <span class=\"__1 _c8\"></span>que<span class=\"__1 _1bc\"> </span>pudiera existir. <span class=\"__1 _5\"></span>Las plu<span class=\"__1 _5\"></span>sval\u00edas o <span class=\"__1 _70\"></span>minus<span class=\"__1 _6\"></span>val\u00edas resultantes <span class=\"__1 _5\"></span>se r<span class=\"__1 _70\"></span>econ<span class=\"__1 _6\"></span>ocen en <span class=\"__1 _70\"></span>el Estado de <span class=\"__1 _70\"></span>Resultado consolidado. Las <span class=\"__1 _8\"></span>participaciones <span class=\"__1 _8\"></span>que <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>mantengan<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>las <span class=\"__1 _8\"></span>filiales <span class=\"__1 _8\"></span>sobre <span class=\"__1 _6\"></span>las <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>se <span class=\"__1 _6\"></span>hu<span class=\"__1 _6\"></span>biera <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>erdido <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>control <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>valoran<span class=\"__1 _5\"></span> por <span class=\"__1 _6\"></span>su <span class=\"__1 _6\"></span>valor <span class=\"__1 _6\"></span>razonable <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>la fecha <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>esta <span class=\"__1 _6\"></span>circunstancia <span class=\"__1 _6\"></span>hubiera <span class=\"__1 _6\"></span>tenido <span class=\"__1 _6\"></span>lugar, <span class=\"__1 _6\"></span>siendo <span class=\"__1 _6\"></span>\u00e9ste <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>valor d<span class=\"__1 _6\"></span>e coste a efectos de su<span class=\"__1 _6\"></span> valoraci\u00f3n po<span class=\"__1 _6\"></span>sterior.<span class=\"__1 _1bc\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociates",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-4": {
   "value": "Operaciones conjuntas<span class=\"__1 _6\"></span> En aquellos casos en lo<span class=\"__1 _5\"></span>s que s<span class=\"__1 _5\"></span>e gestiona con terceros una <span class=\"__1 _5\"></span>operaci\u00f3n conjunta, y se <span class=\"__1 _5\"></span>concluye que el <span class=\"__1 _5\"></span>part\u00edcipe tiene <span class=\"__1 _4\"></span>derechos <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>obligaciones <span class=\"__1 _4\"></span>directas <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>or <span class=\"__1 _4\"></span>su <span class=\"__1 _8\"></span>parte <span class=\"__1 _4\"></span>proporcional <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>activos <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>pas<span class=\"__1 _6\"></span>ivos <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>acuerdo<span class=\"__1 _6\"></span>, <span class=\"__1 _4\"></span>se reconoce <span class=\"__1 _c8\"></span>en <span class=\"__1 _c8\"> </span>las <span class=\"__1 _c8\"> </span>cuenta<span class=\"__1 _6\"></span>s <span class=\"__1 _c8\"></span>anuales <span class=\"__1 _c8\"></span>consolida<span class=\"__1 _6\"></span>das <span class=\"__1 _c8\"> </span>los <span class=\"__1 _c8\"> </span>act<span class=\"__1 _6\"></span>ivos, <span class=\"__1 _c8\"></span>pasivos, <span class=\"__1 _c8\"></span>ingresos <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c8\"> </span>gastos <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>acuerdo <span class=\"__1 _c8\"> </span>con<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>su participaci\u00f3n <span class=\"__1 _6\"></span>en la <span class=\"__1 _6\"></span>operaci\u00f3n <span class=\"__1 _6\"></span>conjun<span class=\"__1 _6\"></span>ta. Las<span class=\"__1 _6\"></span> so<span class=\"__1 _6\"></span>ciedades integrad<span class=\"__1 _6\"></span>as p<span class=\"__1 _6\"></span>or este <span class=\"__1 _6\"></span>m\u00e9todo se <span class=\"__1 _6\"></span>incluy<span class=\"__1 _6\"></span>en en <span class=\"__1 _6\"></span>el An<span class=\"__1 _6\"></span>exo I.<span class=\"ls0_1\"> </span>Inversiones registradas po<span class=\"__1 _6\"></span>r el m\u00e9todo d<span class=\"__1 _6\"></span>e la participaci\u00f3n <span class=\"__1 _6\"></span> Las <span class=\"__1 _70\"></span>in<span class=\"__1 _6\"></span>versiones <span class=\"__1 _5\"></span>registradas po<span class=\"__1 _5\"></span>r <span class=\"__1 _70\"></span>el m\u00e9<span class=\"__1 _5\"></span>todo <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>la participaci\u00f3n <span class=\"__1 _70\"></span>in<span class=\"__1 _6\"></span>cluyen <span class=\"__1 _70\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>inversion<span class=\"__1 _6\"></span>es <span class=\"__1 _70\"></span>en <span class=\"__1 _5\"></span>empresas <span class=\"__1 _5\"></span>asociadas<span class=\"__1 _6\"></span>, as\u00ed como en negocios co<span class=\"__1 _6\"></span>njuntos<span class=\"__1 _6\"></span> (acuerdos<span class=\"__1 _6\"></span> conjuntos qu<span class=\"__1 _6\"></span>e dan derecho a los activ<span class=\"__1 _6\"></span>os netos del acuerdo)<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span>Se <span class=\"__1 _5\"></span>consideran asociadas aquellas sociedades sobre las <span class=\"__1 _70\"></span>q<span class=\"__1 _6\"></span>ue ENCE, <span class=\"__1 _5\"></span>directa<span class=\"__1 _6\"></span> o <span class=\"__1 _70\"></span>in<span class=\"__1 _6\"></span>directamente, ejerce influencia significativa. <span class=\"__1 _6\"></span>La <span class=\"__1 _6\"></span>influencia <span class=\"__1 _6\"></span>significativa <span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>poder <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>intervenir <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>decisiones <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e pol\u00edtica <span class=\"__1 _6\"></span>financiera <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>de explotaci\u00f3n d<span class=\"__1 _6\"></span>e una <span class=\"__1 _6\"></span>entidad, s<span class=\"__1 _6\"></span>in q<span class=\"__1 _6\"></span>ue sup<span class=\"__1 _6\"></span>onga la <span class=\"__1 _6\"></span>existencia de con<span class=\"__1 _6\"></span>trol o <span class=\"__1 _6\"></span>de contro<span class=\"__1 _6\"></span>l conju<span class=\"__1 _6\"></span>nto sobre <span class=\"__1 _6\"></span>la mism<span class=\"__1 _8\"></span>a. Generalmente v<span class=\"__1 _6\"></span>iene acompa<span class=\"__1 _6\"></span>\u00f1ado <span class=\"__1 _6\"></span>por una par<span class=\"__1 _6\"></span>ticipaci\u00f3n d<span class=\"__1 _6\"></span>e entre un <span class=\"__1 _6\"></span>20% y <span class=\"__1 _6\"></span>un 50% d<span class=\"__1 _6\"></span>e los d<span class=\"__1 _6\"></span>erechos de <span class=\"__1 _6\"></span>voto<span class=\"__1 _6\"></span> de la entidad. Las <span class=\"__1 _8\"></span>inversiones <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>entidad<span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>asociadas<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>inversiones <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>negocios <span class=\"__1 _8\"></span>conjuntos <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>registran<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>or <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>m\u00e9todo de la <span class=\"__1 _6\"></span>participaci\u00f3n <span class=\"__1 _6\"></span>desde <span class=\"__1 _6\"></span>la fecha <span class=\"__1 _6\"></span>en la <span class=\"__1 _6\"></span>que se <span class=\"__1 _6\"></span>ejerce influencia <span class=\"__1 _6\"></span>significativa, <span class=\"__1 _6\"></span>o b<span class=\"__1 _6\"></span>ien, el control <span class=\"__1 _6\"></span>conjunto<span class=\"__1 _6\"></span>. En este sentido, esta<span class=\"__1 _6\"></span>s inversiones se recono<span class=\"__1 _6\"></span>cen inicialmente por su<span class=\"__1 _6\"></span> coste de adquisici\u00f3n<span class=\"__1 _6\"></span>.<span class=\"__1 _6\"></span> El <span class=\"__1 _6\"></span>exceso <span class=\"__1 _6\"></span>entre <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>coste <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>inversi\u00f3n <span class=\"__1 _6\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>porcenta<span class=\"__1 _6\"></span>je <span class=\"__1 _6\"></span>correspond<span class=\"__1 _6\"></span>iente <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>Grupo<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>lo<span class=\"__1 _8\"></span>s <span class=\"__1 _6\"></span>valores <span class=\"__1 _8\"></span>razonables de <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>activos <span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>etos <span class=\"__1 _6\"></span>identificables <span class=\"__1 _8\"></span>se <span class=\"__1 _6\"></span>registra <span class=\"__1 _8\"></span>como <span class=\"__1 _6\"></span>fondo <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>com<span class=\"__1 _6\"></span>ercio, <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>incluye <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>alor <span class=\"__1 _6\"></span>contab<span class=\"__1 _6\"></span>le de <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>inversi\u00f3n. <span class=\"__1 _4\"></span>E<span class=\"__1 _6\"></span>l <span class=\"__1 _4\"></span>defecto, <span class=\"__1 _4\"></span>una <span class=\"__1 _4\"></span>vez <span class=\"__1 _4\"></span>evaluad<span class=\"__1 _6\"></span>os <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>importes <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>coste <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>in<span class=\"__1 _6\"></span>versi\u00f3n <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>identificaci\u00f3n <span class=\"__1 _4\"></span>y valoraci\u00f3n <span class=\"__1 _ca\"> </span>de <span class=\"__1 _c6\"> </span>los <span class=\"__1 _c6\"> </span>a<span class=\"__1 _6\"></span>ctivos <span class=\"__1 _c6\"> </span>netos  de <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c6\"> </span>as<span class=\"__1 _6\"></span>ociada, <span class=\"__1 _c6\"> </span>se <span class=\"__1 _ca\"> </span>registra <span class=\"__1 _c6\"> </span>como <span class=\"__1 _c6\"> </span>u<span class=\"__1 _6\"></span>n <span class=\"__1 _c6\"> </span>ingreso <span class=\"__1 _c6\"> </span>en  la <span class=\"__1 _c8\"> </span>determinaci\u00f3n <span class=\"__1 _ca\"> </span>de <span class=\"__1 _c6\"> </span>la participaci\u00f3n del inv<span class=\"__1 _6\"></span>ersor en los resu<span class=\"__1 _6\"></span>ltados de la asociad<span class=\"__1 _6\"></span>a del ejercicio en que se ha adqu<span class=\"__1 _6\"></span>irido.<span class=\"__1 _8\"></span> La particip<span class=\"__1 _6\"></span>aci\u00f3n del <span class=\"__1 _6\"></span>Grupo en los<span class=\"__1 _6\"></span> beneficios <span class=\"__1 _6\"></span>o p\u00e9rdidas <span class=\"__1 _6\"></span>de las <span class=\"__1 _6\"></span>entidades as<span class=\"__1 _8\"></span>ociadas <span class=\"__1 _6\"></span>obtenidas d<span class=\"__1 _6\"></span>esde la fecha de adquisici\u00f3n se registra como un aumento o disminuci\u00f3n del valor de <span class=\"__1 _5\"></span>las inversiones con abono o cargo al ep\u00edgrafe <span class=\"__1 _8\"></span>\"Resulta<span class=\"__1 _6\"></span>do <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>sociedades <span class=\"__1 _8\"></span>integradas<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>por <span class=\"__1 _8\"></span>el <span class=\"__1 _4\"></span>m\u00e9<span class=\"__1 _5\"></span>todo <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>participaci\u00f3n\" <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>Estado <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>Res<span class=\"__1 _6\"></span>ultado consolidado<span class=\"__1 _6\"></span>. <span class=\"__1 _6\"></span>Las <span class=\"__1 _8\"></span>distribuciones <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>div<span class=\"__1 _6\"></span>idendos <span class=\"__1 _6\"></span>se <span class=\"__1 _8\"></span>registran <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>minoraciones <span class=\"__1 _8\"></span>del <span class=\"__1 _6\"></span>valor <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>in<span class=\"__1 _6\"></span>versiones.<span class=\"__1 _1bc\"> </span> Asimismo, se ajusta el valor de la inversi\u00f3n para reflejar la proporci\u00f3n de aquellos cambios en el patrimonio neto de estas s<span class=\"__1 _6\"></span>ociedades que no se h<span class=\"__1 _6\"></span>an reconocido e<span class=\"__1 _6\"></span>n s<span class=\"__1 _6\"></span>us resultados. Anex<span class=\"__1 _70\"></span>o I - Per\u00edmetro de c<span class=\"__1 _5\"></span>onsolidaci\u00f3n<span class=\"__1 _6\"></span><span class=\"ff3_1 fs3\"> </span>A continuaci\u00f3n se <span class=\"__1 _70\"></span>detalla el porcentaje <span class=\"__1 _5\"></span>de participaci\u00f3n directa <span class=\"__1 _5\"></span>o indirecta <span class=\"__1 _70\"></span>q<span class=\"__1 _6\"></span>ue Ence <span class=\"__1 _5\"></span>Energ\u00eda y Ce<span class=\"__1 _5\"></span>lulosa, S.A.<span class=\"__1 _1bc\"> </span>mantiene en las sociedad<span class=\"__1 _6\"></span>es del Grupo<span class=\"__1 _6\"></span> al 31 de diciembre d<span class=\"__1 _6\"></span>e 2023 y 202<span class=\"__1 _6\"></span>2:<span class=\"__1 _1bc\"> </span>2023<span class=\"__1 _158\"> </span>2022<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _6\"></span>gocio de celulosa<span class=\"__1 _70\"></span>-<span class=\"__1 _1bc\"> </span>Cel<span class=\"__1 _6\"></span>ul<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> de A<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>turi<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>, S.A<span class=\"__1 _5\"></span>.U<span class=\"__1 _5\"></span>. (a<span class=\"__1 _6\"></span>)<span class=\"__1 _23\"> </span>Cel<span class=\"__1 _6\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> de A<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>turi<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>, S.A<span class=\"__1 _5\"></span>.U<span class=\"__1 _5\"></span>. (a<span class=\"__1 _6\"></span>)<span class=\"__1 _126\"> </span>Pro<span class=\"__1 _6\"></span>duc<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>\u00f3n<span class=\"__1 _6\"></span> c<span class=\"__1 _6\"></span>elu<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span> y energ\u00eda<span class=\"__1 _6\"></span> el<span class=\"__1 _6\"></span>\u00e9ctri<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _159\"> </span><span class=\"lsbb\">100<span class=\"__1 _33\"> </span>100<span class=\"__1 _7e\"> </span></span>I.G.<span class=\"__1 _1bc\"> </span>Si<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>va<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>r Agrofo<span class=\"__1 _6\"></span>res<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>, S.A.<span class=\"__1 _70\"></span>U. (a<span class=\"__1 _6\"></span>)<span class=\"__1 _161\"> </span>Bea<span class=\"__1 _6\"></span>tri<span class=\"__1 _6\"></span>z d<span class=\"__1 _6\"></span>e Bobad<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>, 1<span class=\"__1 _6\"></span>4 (<span class=\"__1 _6\"></span>Ma<span class=\"__1 _6\"></span>dr<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>d)<span class=\"__1 _186\"> </span>Gesti<span class=\"__1 _6\"></span>\u00f3<span class=\"__1 _6\"></span>n pa<span class=\"__1 _6\"></span>tr<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>moni<span class=\"__1 _8\"></span>o for<span class=\"__1 _6\"></span>esta<span class=\"__1 _6\"></span>l<span class=\"__1 _6d\"> </span><span class=\"lsbb\">100<span class=\"__1 _110\"> </span>100<span class=\"__1 _12f\"> </span></span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>I<span class=\"__1 _6\"></span>bers<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>, S.A<span class=\"__1 _70\"></span>.U.<span class=\"__1 _19f\"> </span>Ctra<span class=\"__1 _6\"></span> A-50<span class=\"__1 _6\"></span>00<span class=\"__1 _6\"></span> Km 7,5<span class=\"__1 _6\"></span> (Huel<span class=\"__1 _6\"></span>va<span class=\"__1 _6\"></span>)<span class=\"__1 _5a\"> </span>Serv<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> fo<span class=\"__1 _6\"></span>res<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>es<span class=\"__1 _5b\"> </span><span class=\"lsbb\">100<span class=\"__1 _110\"> </span>100<span class=\"__1 _12f\"> </span></span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>(*)<span class=\"__1 _e9\"> </span>Ence Te<span class=\"__1 _5\"></span>rr<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>, S.A<span class=\"__1 _5\"></span>.U<span class=\"__1 _5\"></span>. (a<span class=\"__1 _6\"></span>)<span class=\"__1 _16c\"> </span>L<span class=\"__1 _70\"></span>ou<span class=\"__1 _6\"></span>ri<span class=\"__1 _8\"></span>za<span class=\"__1 _6\"></span>n, s<span class=\"__1 _6\"></span>/n (P<span class=\"__1 _6\"></span>onteve<span class=\"__1 _5\"></span>dra<span class=\"__1 _8\"></span>)<span class=\"__1 _19a\"> </span>Ge<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>\u00f3n<span class=\"__1 _6\"></span> pa<span class=\"__1 _6\"></span>tri<span class=\"__1 _8\"></span>moni<span class=\"__1 _6\"></span>o fo<span class=\"__1 _6\"></span>res<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>l<span class=\"__1 _6d\"> </span><span class=\"lsbb\">100<span class=\"__1 _110\"> </span>100<span class=\"__1 _12f\"> </span></span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>Ence I<span class=\"__1 _6\"></span>nves<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>ga<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>\u00f3n<span class=\"__1 _6\"></span> y Des<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>rol<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>, S.A<span class=\"__1 _70\"></span>.U.<span class=\"__1 _1bc\"> </span>Ma<span class=\"__1 _6\"></span>ri<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>ma<span class=\"__1 _6\"></span> de  Louri<span class=\"__1 _8\"></span>z\u00e1n<span class=\"__1 _6\"></span> s<span class=\"__1 _6\"></span>/n<span class=\"__1 _1bc\"> </span>(Pon<span class=\"__1 _6\"></span>te<span class=\"__1 _70\"></span>v<span class=\"__1 _6\"></span>edra<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span>I<span class=\"__1 _6\"></span>nves<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>ga<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>\u00f3n<span class=\"__1 _6\"></span> y des<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>ol<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>o de nuevos<span class=\"__1 _1bc\"> </span>materi<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es <span class=\"__1 _6\"></span>pr<span class=\"__1 _6\"></span>oduc<span class=\"__1 _6\"></span>tos<span class=\"__1 _6\"></span> y p<span class=\"__1 _6\"></span>ro<span class=\"__1 _6\"></span>ces<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>100<span class=\"__1 _110\"> </span>100<span class=\"__1 _12f\"> </span><span class=\"ls0_1\">I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span></span>Lip<span class=\"__1 _6\"></span>tofl<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span> , S.A<span class=\"__1 _5\"></span>. (a)<span class=\"__1 _89\"> </span>Li<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>boa<span class=\"__1 _6\"></span> (P<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>tugal<span class=\"__1 _8\"></span>)<span class=\"__1 _ea\"> </span>Compra<span class=\"__1 _6\"></span>venta<span class=\"__1 _6\"></span> de m<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>dera<span class=\"__1 _11b\"> </span><span class=\"lsbb\">100<span class=\"__1 _110\"> </span>100<span class=\"__1 _12f\"> </span></span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>Si<span class=\"__1 _6\"></span>err<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> Ca<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>ma<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>, S.A.<span class=\"__1 _5\"></span> (d)<span class=\"__1 _6b\"> </span>Monte<span class=\"__1 _5\"></span>vi<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>eo (Urugua<span class=\"__1 _6\"></span>y)<span class=\"__1 _111\"> </span>In<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>va<span class=\"__1 _131\"> </span>-<span class=\"__1 _fc\"> </span><span class=\"lsbb\">100<span class=\"__1 _12f\"> </span></span>I<span class=\"__1 _8\"></span>.G<span class=\"__1 _5\"></span>.<span class=\"__1 _1bc\"> </span>Las<span class=\"__1 _8\"></span> Pl<span class=\"__1 _6\"></span>\u00e9ya<span class=\"__1 _6\"></span>des<span class=\"__1 _6\"></span> Urugu<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>y, S.A<span class=\"__1 _70\"></span>. \u2013 Suc<span class=\"__1 _6\"></span>ur<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span> en<span class=\"__1 _1bc\"> </span>Arge<span class=\"__1 _5\"></span>nti<span class=\"__1 _6\"></span>na<span class=\"__1 _1bc\"> </span>Monte<span class=\"__1 _5\"></span>vi<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>eo (Urugua<span class=\"__1 _6\"></span>y)<span class=\"__1 _111\"> </span>In<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>va<span class=\"__1 _1a0\"> </span><span class=\"lsbb\">100<span class=\"__1 _110\"> </span>100<span class=\"__1 _12f\"> </span></span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>Las<span class=\"__1 _8\"></span> Pl<span class=\"__1 _6\"></span>\u00e9ya<span class=\"__1 _6\"></span>des<span class=\"__1 _6\"></span> Urugu<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>y, S.A<span class=\"__1 _70\"></span>.<span class=\"__1 _87\"> </span>Montevid<span class=\"__1 _6\"></span>eo (Urugua<span class=\"__1 _6\"></span>y)<span class=\"__1 _111\"> </span>In<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>va<span class=\"__1 _1a0\"> </span><span class=\"lsbb\">100<span class=\"__1 _110\"> </span>100<span class=\"__1 _12f\"> </span></span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>Ca<span class=\"__1 _6\"></span>pa<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>tac<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>\u00f3<span class=\"__1 _6\"></span>n de Servi<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span> Fo<span class=\"__1 _6\"></span>res<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>, S.L<span class=\"__1 _5\"></span>.<span class=\"__1 _c4\"> </span>Cur<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> (La Cor<span class=\"__1 _6\"></span>u\u00f1<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>)<span class=\"__1 _9c\"> </span>Tr<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>ba<span class=\"__1 _6\"></span>j<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span> fo<span class=\"__1 _6\"></span>res<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>es<span class=\"__1 _e1\"> </span><span class=\"lsbb\">25<span class=\"__1 _fc\"> </span>25<span class=\"__1 _12f\"> </span></span>M.P.<span class=\"__1 _1bc\"> </span>Bi<span class=\"__1 _6\"></span>ofi<span class=\"__1 _8\"></span>br<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e G<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>, S.L.<span class=\"__1 _5\"></span> (d)<span class=\"__1 _6d\"> </span>Beatr<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>z de Boba<span class=\"__1 _6\"></span>di<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>, 14<span class=\"__1 _6\"></span> (Ma<span class=\"__1 _6\"></span>dr<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>d)<span class=\"__1 _186\"> </span>Pr<span class=\"__1 _6\"></span>oduc<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>\u00f3<span class=\"__1 _6\"></span>n c<span class=\"__1 _6\"></span>el<span class=\"__1 _6\"></span>ul<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>a<span class=\"__1 _16c\"> </span><span class=\"lsbb\">100<span class=\"__1 _125\"> </span></span>-<span class=\"__1 _108\"> </span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>Ence Bi<span class=\"__1 _6\"></span>oma<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>, S.L.<span class=\"__1 _5\"></span>U.<span class=\"__1 _5\"></span> (d)<span class=\"__1 _e5\"> </span>Be<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>tri<span class=\"__1 _6\"></span>z d<span class=\"__1 _6\"></span>e Bobad<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>, 1<span class=\"__1 _6\"></span>4 (<span class=\"__1 _6\"></span>Ma<span class=\"__1 _6\"></span>dr<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>d)<span class=\"__1 _186\"> </span>I<span class=\"__1 _6\"></span>na<span class=\"__1 _8\"></span>cti<span class=\"__1 _6\"></span>va<span class=\"__1 _1a0\"> </span><span class=\"lsbb\">100<span class=\"__1 _80\"> </span></span>-<span class=\"__1 _108\"> </span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>Ence PV, S.<span class=\"__1 _5\"></span>L.<span class=\"__1 _5\"></span>U.<span class=\"__1 _5\"></span> (d)<span class=\"__1 _147\"> </span>Beatri<span class=\"__1 _8\"></span>z de Boba<span class=\"__1 _6\"></span>di<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>, 14<span class=\"__1 _6\"></span> (Ma<span class=\"__1 _6\"></span>dr<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>)<span class=\"__1 _a8\"> </span>I<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>va<span class=\"__1 _1a0\"> </span><span class=\"lsbb\">100<span class=\"__1 _80\"> </span></span>-<span class=\"__1 _108\"> </span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>Ence Servi<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span> Energ\u00e9t<span class=\"__1 _70\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>os<span class=\"__1 _6\"></span>, S.L.<span class=\"__1 _5\"></span>U.<span class=\"__1 _5\"></span> (d)<span class=\"__1 _b\"> </span>Bea<span class=\"__1 _6\"></span>tri<span class=\"__1 _6\"></span>z d<span class=\"__1 _6\"></span>e Bobad<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>, 1<span class=\"__1 _6\"></span>4 (<span class=\"__1 _6\"></span>Ma<span class=\"__1 _6\"></span>dri<span class=\"__1 _8\"></span>d)<span class=\"__1 _186\"> </span>I<span class=\"__1 _6\"></span>na<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>va<span class=\"__1 _1a0\"> </span><span class=\"lsbb\">100<span class=\"__1 _80\"> </span></span>-<span class=\"__1 _108\"> </span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>I<span class=\"__1 _6\"></span>bers<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span> Servi<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span> Su<span class=\"__1 _6\"></span>cu<span class=\"__1 _6\"></span>rs<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span> em Por<span class=\"__1 _6\"></span>tugal<span class=\"__1 _a8\"> </span>Lis<span class=\"__1 _8\"></span>boa<span class=\"__1 _6\"></span> (P<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>tuga<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>)<span class=\"__1 _ea\"> </span>Servi<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span> fo<span class=\"__1 _6\"></span>res<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>es<span class=\"__1 _5b\"> </span><span class=\"lsbb\">100<span class=\"__1 _110\"> </span>100<span class=\"__1 _12f\"> </span></span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _6\"></span>gocio de ene<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>g\u00eda<span class=\"__1 _5\"></span> re<span class=\"__1 _6\"></span>novable-<span class=\"__1 _1bc\"> </span>Ence Re<span class=\"__1 _5\"></span>nova<span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>, S.L<span class=\"__1 _5\"></span>.U.<span class=\"__1 _70\"></span> (<span class=\"__1 _6\"></span>c) <span class=\"__1 _6\"></span> (d)<span class=\"__1 _61\"> </span>Be<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>tri<span class=\"__1 _6\"></span>z d<span class=\"__1 _6\"></span>e Bobad<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>, 1<span class=\"__1 _6\"></span>4 <span class=\"__1 _6\"></span>(Ma<span class=\"__1 _6\"></span>dr<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>d)<span class=\"__1 _186\"> </span>Hol<span class=\"__1 _8\"></span>di<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>g<span class=\"__1 _169\"> </span><span class=\"lsbb\">100<span class=\"__1 _80\"> </span></span>-<span class=\"__1 _108\"> </span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>Ma<span class=\"__1 _6\"></span>gnon Gr<span class=\"__1 _6\"></span>ee<span class=\"__1 _70\"></span>n <span class=\"__1 _6\"></span>Ene<span class=\"__1 _5\"></span>rgy, S.L.<span class=\"__1 _5\"></span> (a<span class=\"__1 _6\"></span>)<span class=\"__1 _11\"> </span>Beatr<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>z de Boba<span class=\"__1 _6\"></span>di<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>, 14<span class=\"__1 _6\"></span> (Ma<span class=\"__1 _6\"></span>dr<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>d)<span class=\"__1 _186\"> </span>Hol<span class=\"__1 _6\"></span>di<span class=\"__1 _8\"></span>ng y ges<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>\u00f3n de bi<span class=\"__1 _8\"></span>omas<span class=\"__1 _8\"></span>a<span class=\"__1 _2c\"> </span><span class=\"lsbb\">51<span class=\"__1 _83\"> </span>51<span class=\"__1 _101\"> </span></span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>Cel<span class=\"__1 _6\"></span>ul<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span> Energ\u00eda<span class=\"__1 _6\"></span>, S.A<span class=\"__1 _5\"></span>.U<span class=\"__1 _5\"></span>. (a<span class=\"__1 _6\"></span>)<span class=\"__1 _9e\"> </span>Arme<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>tal<span class=\"__1 _8\"></span> s<span class=\"__1 _6\"></span>/n 3<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>71<span class=\"__1 _6\"></span>0-Na<span class=\"__1 _6\"></span>vi<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span> (As<span class=\"__1 _6\"></span>turi<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>)<span class=\"__1 _ce\"> </span>Pr<span class=\"__1 _6\"></span>od<span class=\"__1 _6\"></span>uc<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>\u00f3n y<span class=\"__1 _6\"></span> venta de ene<span class=\"__1 _5\"></span>rg\u00eda<span class=\"__1 _6\"></span> el<span class=\"__1 _6\"></span>\u00e9ctri<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _126\"> </span><span class=\"lsbb\">51<span class=\"__1 _fc\"> </span>51<span class=\"__1 _7c\"> </span></span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>Ence Ene<span class=\"__1 _5\"></span>rg\u00eda<span class=\"__1 _6\"></span> Huel<span class=\"__1 _6\"></span>va<span class=\"__1 _8\"></span>, S.L<span class=\"__1 _70\"></span>.U. (a)<span class=\"__1 _74\"> </span>Beatri<span class=\"__1 _8\"></span>z de Boba<span class=\"__1 _6\"></span>di<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>, 14<span class=\"__1 _6\"></span> (Ma<span class=\"__1 _6\"></span>dr<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>)<span class=\"__1 _a8\"> </span>P<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>oduc<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>\u00f3<span class=\"__1 _6\"></span>n y venta<span class=\"__1 _6\"></span> de e<span class=\"__1 _5\"></span>nerg\u00eda<span class=\"__1 _6\"></span> el<span class=\"__1 _6\"></span>\u00e9ctri<span class=\"__1 _8\"></span>ca<span class=\"__1 _ff\"> </span><span class=\"lsbb\">51<span class=\"__1 _fc\"> </span>51<span class=\"__1 _7c\"> </span></span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>Ence Ene<span class=\"__1 _5\"></span>rg\u00eda<span class=\"__1 _6\"></span> Extr<span class=\"__1 _6\"></span>em<span class=\"__1 _70\"></span>a<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>ur<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>, S.L<span class=\"__1 _5\"></span>.U<span class=\"__1 _5\"></span>. (a<span class=\"__1 _6\"></span>)<span class=\"__1 _67\"> </span>Beatr<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>z de Boba<span class=\"__1 _6\"></span>di<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>, 14<span class=\"__1 _6\"></span> (Ma<span class=\"__1 _6\"></span>dr<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>d)<span class=\"__1 _186\"> </span>Pr<span class=\"__1 _6\"></span>oduc<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>\u00f3<span class=\"__1 _6\"></span>n y venta<span class=\"__1 _6\"></span> de e<span class=\"__1 _5\"></span>nerg\u00eda<span class=\"__1 _6\"></span> el<span class=\"__1 _6\"></span>\u00e9ctri<span class=\"__1 _8\"></span>ca<span class=\"__1 _ff\"> </span><span class=\"lsbb\">51<span class=\"__1 _fc\"> </span>51<span class=\"__1 _7c\"> </span></span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>Ence Ene<span class=\"__1 _5\"></span>rg\u00eda<span class=\"__1 _6\"></span> Huel<span class=\"__1 _6\"></span>va<span class=\"__1 _8\"></span> Dos<span class=\"__1 _6\"></span>, S.L.<span class=\"__1 _70\"></span>U. (a<span class=\"__1 _6\"></span>)<span class=\"__1 _e6\"> </span>Beatri<span class=\"__1 _8\"></span>z de Bobad<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>, 1<span class=\"__1 _6\"></span>4 <span class=\"__1 _6\"></span>(Ma<span class=\"__1 _6\"></span>dr<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>d)<span class=\"__1 _186\"> </span>P<span class=\"__1 _6\"></span>rod<span class=\"__1 _6\"></span>uc<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>\u00f3n<span class=\"__1 _6\"></span> y venta d<span class=\"__1 _6\"></span>e e<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>erg\u00eda<span class=\"__1 _6\"></span> el\u00e9c<span class=\"__1 _6\"></span>tri<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _ff\"> </span><span class=\"lsbb\">51<span class=\"__1 _fc\"> </span>51<span class=\"__1 _7c\"> </span></span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>Ene<span class=\"__1 _5\"></span>rg\u00eda<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e l<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span> Loma, S.A<span class=\"__1 _5\"></span>. (a)<span class=\"__1 _1a1\"> </span>Vi<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>nueva<span class=\"__1 _6\"></span> del<span class=\"__1 _6\"></span> Arzobi<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>po<span class=\"__1 _6\"></span> (Ja<span class=\"__1 _6\"></span>\u00e9n)<span class=\"__1 _126\"> </span>P<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>oduc<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>\u00f3<span class=\"__1 _6\"></span>n y venta<span class=\"__1 _6\"></span> de e<span class=\"__1 _5\"></span>nerg\u00eda<span class=\"__1 _6\"></span> el<span class=\"__1 _6\"></span>\u00e9ctri<span class=\"__1 _8\"></span>ca<span class=\"__1 _178\"> </span>3<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>,67<span class=\"__1 _127\"> </span>32<span class=\"__1 _6\"></span>,67<span class=\"__1 _fc\"> </span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>Ene<span class=\"__1 _5\"></span>rg\u00eda<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> de l<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span> Ma<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>ha<span class=\"__1 _8\"></span> Ene<span class=\"__1 _5\"></span>man, S.A.<span class=\"__1 _5\"></span> (a<span class=\"__1 _6\"></span>)<span class=\"__1 _113\"> </span>Vil<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span> de Sa<span class=\"__1 _6\"></span>n Jua<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span> (Ci<span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>da<span class=\"__1 _6\"></span>d Rea<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>)<span class=\"__1 _bd\"> </span>Pr<span class=\"__1 _6\"></span>od<span class=\"__1 _6\"></span>uc<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>\u00f3n y <span class=\"__1 _6\"></span>venta de ene<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>g\u00eda<span class=\"__1 _6\"></span> el<span class=\"__1 _6\"></span>\u00e9ctri<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _178\"> </span>34<span class=\"__1 _6\"></span>,89<span class=\"__1 _127\"> </span>3<span class=\"__1 _6\"></span>4,89<span class=\"__1 _125\"> </span>I.G.<span class=\"__1 _1bc\"> </span>Ence Ene<span class=\"__1 _5\"></span>rg\u00eda<span class=\"__1 _6\"></span> P<span class=\"__1 _6\"></span>uertol<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>no, S.L.<span class=\"__1 _5\"></span>U.<span class=\"__1 _5\"></span> (a<span class=\"__1 _6\"></span>)<span class=\"__1 _103\"> </span>Beatri<span class=\"__1 _8\"></span>z de Boba<span class=\"__1 _6\"></span>di<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>, 14<span class=\"__1 _6\"></span> (Ma<span class=\"__1 _6\"></span>dr<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>)<span class=\"__1 _a8\"> </span>P<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>oduc<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>\u00f3<span class=\"__1 _6\"></span>n y venta<span class=\"__1 _6\"></span> de e<span class=\"__1 _5\"></span>nerg\u00eda<span class=\"__1 _6\"></span> el<span class=\"__1 _6\"></span>\u00e9ctri<span class=\"__1 _8\"></span>ca<span class=\"__1 _ff\"> </span><span class=\"lsbb\">51<span class=\"__1 _fc\"> </span>51<span class=\"__1 _7c\"> </span></span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>Bi<span class=\"__1 _6\"></span>oenerg\u00eda<span class=\"__1 _6\"></span> Sa<span class=\"__1 _6\"></span>nta<span class=\"__1 _6\"></span>ma<span class=\"__1 _6\"></span>r\u00eda<span class=\"__1 _8\"></span>, S.<span class=\"__1 _5\"></span>A (a)<span class=\"__1 _1bc\"> </span>Ca<span class=\"__1 _6\"></span>mi<span class=\"__1 _6\"></span>no Vi<span class=\"__1 _6\"></span>ej<span class=\"__1 _6\"></span>o d<span class=\"__1 _6\"></span>e Be<span class=\"__1 _70\"></span>na<span class=\"__1 _8\"></span>me<span class=\"__1 _70\"></span>j<span class=\"__1 _8\"></span>\u00ed, s<span class=\"__1 _6\"></span>/n, Lucena<span class=\"__1 _6\"></span> (Cor<span class=\"__1 _6\"></span>doba<span class=\"__1 _8\"></span>)<span class=\"__1 _1bc\"> </span>Pr<span class=\"__1 _6\"></span>oduc<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n y venta <span class=\"__1 _6\"></span>de e<span class=\"__1 _5\"></span>nerg\u00eda<span class=\"__1 _6\"></span> el<span class=\"__1 _6\"></span>\u00e9ctri<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _159\"> </span>35,7<span class=\"__1 _126\"> </span>35<span class=\"__1 _6\"></span>,7<span class=\"__1 _f9\"> </span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>(*)<span class=\"__1 _e9\"> </span>Ence CO2<span class=\"__1 _6\"></span>, S.L<span class=\"__1 _5\"></span>.U<span class=\"__1 _5\"></span>.  (c)<span class=\"__1 _1a2\"> </span>Beatri<span class=\"__1 _8\"></span>z de Bobad<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>, 1<span class=\"__1 _6\"></span>4 (<span class=\"__1 _6\"></span>Ma<span class=\"__1 _6\"></span>dr<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>d)<span class=\"__1 _186\"> </span>I<span class=\"__1 _6\"></span>na<span class=\"__1 _8\"></span>cti<span class=\"__1 _6\"></span>va<span class=\"__1 _1a0\"> </span><span class=\"lsbb\">100<span class=\"__1 _110\"> </span>100<span class=\"__1 _7e\"> </span></span>I.G.<span class=\"__1 _1bc\"> </span>Ence Bi<span class=\"__1 _6\"></span>og\u00e1<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>, S.<span class=\"__1 _5\"></span>L.<span class=\"__1 _5\"></span>  (c<span class=\"__1 _6\"></span>)  (e)<span class=\"__1 _52\"> </span>Beatri<span class=\"__1 _8\"></span>z de Boba<span class=\"__1 _6\"></span>di<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>, 14<span class=\"__1 _6\"></span> (Ma<span class=\"__1 _6\"></span>dr<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span>Pr<span class=\"__1 _6\"></span>oduc<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n y venta <span class=\"__1 _6\"></span>de bi<span class=\"__1 _6\"></span>og\u00e1<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> y<span class=\"__1 _1bc\"> </span>ferti<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>za<span class=\"__1 _6\"></span>nte<span class=\"__1 _5\"></span>s<span class=\"__1 _1bc\"> </span>100<span class=\"__1 _80\"> </span><span class=\"ls0_1\">-<span class=\"__1 _108\"> </span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span></span>Bi<span class=\"__1 _6\"></span>oCH4<span class=\"__1 _6\"></span> Deve<span class=\"__1 _5\"></span>l<span class=\"__1 _6\"></span>op<span class=\"__1 _6\"></span>me<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>ts<span class=\"__1 _6\"></span>, S.L<span class=\"__1 _70\"></span>.  (c<span class=\"__1 _6\"></span>)  (e)<span class=\"__1 _97\"> </span>Bea<span class=\"__1 _6\"></span>tri<span class=\"__1 _6\"></span>z d<span class=\"__1 _6\"></span>e Bobad<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>, 1<span class=\"__1 _6\"></span>4 (<span class=\"__1 _6\"></span>Ma<span class=\"__1 _6\"></span>dr<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>d)<span class=\"__1 _1bc\"> </span>Desa<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>ol<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>o y<span class=\"__1 _6\"></span> co<span class=\"__1 _6\"></span>ns<span class=\"__1 _6\"></span>tr<span class=\"__1 _6\"></span>uc<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>\u00f3n pl<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>nta<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span>bi<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>ga<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>60<span class=\"__1 _12f\"> </span><span class=\"ls0_1\">-<span class=\"__1 _108\"> </span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span></span>(*)<span class=\"__1 _e9\"> </span>Ma<span class=\"__1 _6\"></span>gnon Serv<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span> Energ\u00e9t<span class=\"__1 _70\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>os<span class=\"__1 _6\"></span>, S.L.<span class=\"__1 _103\"> </span>Beatri<span class=\"__1 _8\"></span>z de Boba<span class=\"__1 _6\"></span>di<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>, 14<span class=\"__1 _6\"></span> (Ma<span class=\"__1 _6\"></span>dr<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>d)<span class=\"__1 _186\"> </span>Expl<span class=\"__1 _8\"></span>ota<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>\u00f3n d<span class=\"__1 _6\"></span>e ca<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>dera<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e bi<span class=\"__1 _6\"></span>oma<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>a<span class=\"__1 _f9\"> </span>75,5<span class=\"__1 _eb\"> </span><span class=\"lsbb\">51<span class=\"__1 _101\"> </span></span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>(*)<span class=\"__1 _e9\"> </span>Ma<span class=\"__1 _6\"></span>gon Bi<span class=\"__1 _8\"></span>omas<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>, S.L<span class=\"__1 _70\"></span>.U.<span class=\"__1 _d4\"> </span>Beatri<span class=\"__1 _8\"></span>z de Bobad<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>, 1<span class=\"__1 _6\"></span>4 (<span class=\"__1 _6\"></span>Ma<span class=\"__1 _6\"></span>dri<span class=\"__1 _8\"></span>d)<span class=\"__1 _186\"> </span>Comerci<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>za<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>\u00f3n<span class=\"__1 _6\"></span> bi<span class=\"__1 _8\"></span>omas<span class=\"__1 _8\"></span>a<span class=\"__1 _d\"> </span><span class=\"lsbb\">51<span class=\"__1 _fc\"> </span>51<span class=\"__1 _7c\"> </span></span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>Ence Ene<span class=\"__1 _5\"></span>rg\u00eda<span class=\"__1 _6\"></span> Es<span class=\"__1 _6\"></span>te,<span class=\"__1 _5\"></span> S.L<span class=\"__1 _5\"></span>.U<span class=\"__1 _5\"></span>.<span class=\"__1 _e5\"> </span>Beatri<span class=\"__1 _8\"></span>z de Boba<span class=\"__1 _6\"></span>di<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>, 14 <span class=\"__1 _6\"></span>(Ma<span class=\"__1 _6\"></span>dr<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>d)<span class=\"__1 _186\"> </span>(**)<span class=\"__1 _11a\"> </span><span class=\"lsbb\">51<span class=\"__1 _83\"> </span>51<span class=\"__1 _101\"> </span></span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>Ence Ene<span class=\"__1 _5\"></span>rg\u00eda<span class=\"__1 _6\"></span> Extr<span class=\"__1 _6\"></span>em<span class=\"__1 _70\"></span>a<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>ur<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span> 2<span class=\"__1 _6\"></span>, S.L<span class=\"__1 _70\"></span>.U.<span class=\"__1 _a2\"> </span>Beatri<span class=\"__1 _8\"></span>z de Bobad<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>, 1<span class=\"__1 _6\"></span>4 <span class=\"__1 _6\"></span>(Ma<span class=\"__1 _6\"></span>dr<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>d)<span class=\"__1 _186\"> </span>(**)<span class=\"__1 _11a\"> </span><span class=\"lsbb\">51<span class=\"__1 _83\"> </span>51<span class=\"__1 _101\"> </span></span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>Sos<span class=\"__1 _6\"></span>teni<span class=\"__1 _6\"></span>bi<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>da<span class=\"__1 _6\"></span>d y Ec<span class=\"__1 _6\"></span>onom\u00eda<span class=\"__1 _6\"></span> Ci<span class=\"__1 _8\"></span>rc<span class=\"__1 _6\"></span>ul<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>, S.L<span class=\"__1 _70\"></span>.U.<span class=\"__1 _5c\"> </span>Beatr<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>z de Boba<span class=\"__1 _6\"></span>di<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>, 14<span class=\"__1 _6\"></span> (Ma<span class=\"__1 _6\"></span>dr<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>d)<span class=\"__1 _186\"> </span>Ge<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>ti<span class=\"__1 _6\"></span>\u00f3n de r<span class=\"__1 _6\"></span>esi<span class=\"__1 _8\"></span>duos<span class=\"__1 _8\"></span> no pel<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>gros<span class=\"__1 _8\"></span>os<span class=\"__1 _19a\"> </span><span class=\"lsbb\">51<span class=\"__1 _fc\"> </span>51<span class=\"__1 _7c\"> </span></span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>Ence Ene<span class=\"__1 _5\"></span>rg\u00eda<span class=\"__1 _6\"></span> Cel<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>, S.L<span class=\"__1 _5\"></span>.U<span class=\"__1 _5\"></span>. <span class=\"__1 _9c\"> </span>Beatri<span class=\"__1 _8\"></span>z de Boba<span class=\"__1 _6\"></span>di<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>, 14 (<span class=\"__1 _6\"></span>Ma<span class=\"__1 _6\"></span>dri<span class=\"__1 _8\"></span>d)<span class=\"__1 _186\"> </span>(**<span class=\"__1 _5\"></span>)<span class=\"__1 _11a\"> </span><span class=\"lsbb\">51<span class=\"__1 _fc\"> </span>51<span class=\"__1 _7c\"> </span></span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>Ence Ene<span class=\"__1 _5\"></span>rg\u00eda<span class=\"__1 _6\"></span> Ca<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span> y Le\u00f3n, S.<span class=\"__1 _5\"></span>L.<span class=\"__1 _5\"></span>U.<span class=\"__1 _25\"> </span>Bea<span class=\"__1 _6\"></span>tri<span class=\"__1 _6\"></span>z d<span class=\"__1 _6\"></span>e Bobad<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>, 14 (Ma<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>ri<span class=\"__1 _8\"></span>d)<span class=\"__1 _186\"> </span>(**<span class=\"__1 _70\"></span>)<span class=\"__1 _d9\"> </span><span class=\"lsbb\">51<span class=\"__1 _fc\"> </span>51<span class=\"__1 _7c\"> </span></span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>Ence Ene<span class=\"__1 _5\"></span>rg\u00eda<span class=\"__1 _6\"></span> Ca<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span> y Le\u00f3n Dos<span class=\"__1 _6\"></span>, S.L.<span class=\"__1 _70\"></span>U.<span class=\"__1 _126\"> </span>Bea<span class=\"__1 _6\"></span>tri<span class=\"__1 _8\"></span>z de Bobad<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>, 1<span class=\"__1 _6\"></span>4 (Ma<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>ri<span class=\"__1 _8\"></span>d)<span class=\"__1 _186\"> </span>(**<span class=\"__1 _5\"></span>)<span class=\"__1 _11a\"> </span><span class=\"lsbb\">51<span class=\"__1 _fc\"> </span>51<span class=\"__1 _7c\"> </span></span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>Ence Ene<span class=\"__1 _5\"></span>rg\u00eda<span class=\"__1 _6\"></span> P<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>mi<span class=\"__1 _6\"></span>, S.L<span class=\"__1 _5\"></span>.U<span class=\"__1 _5\"></span>.<span class=\"__1 _85\"> </span>Be<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span>tri<span class=\"__1 _6\"></span>z de Boba<span class=\"__1 _6\"></span>di<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>, 14<span class=\"__1 _6\"></span> (Ma<span class=\"__1 _6\"></span>dr<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>d)<span class=\"__1 _186\"> </span>(**<span class=\"__1 _70\"></span>)<span class=\"__1 _d9\"> </span><span class=\"lsbb\">51<span class=\"__1 _83\"> </span>51<span class=\"__1 _101\"> </span></span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>Ence Bi<span class=\"__1 _6\"></span>oma<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span> C\u00f3<span class=\"__1 _6\"></span>rd<span class=\"__1 _6\"></span>oba<span class=\"__1 _6\"></span>, S.L.<span class=\"__1 _5\"></span>U<span class=\"__1 _35\"> </span>Beatr<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>z de Boba<span class=\"__1 _6\"></span>di<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>, 14<span class=\"__1 _6\"></span> (Ma<span class=\"__1 _6\"></span>dr<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>d)<span class=\"__1 _a8\"> </span>(<span class=\"__1 _6\"></span>**<span class=\"__1 _70\"></span>)<span class=\"__1 _d9\"> </span><span class=\"lsbb\">51<span class=\"__1 _83\"> </span>51<span class=\"__1 _101\"> </span></span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>Le<span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>e 40 Sol<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>, S.L<span class=\"__1 _70\"></span>.U. (N<span class=\"__1 _5\"></span>ota <span class=\"__1 _6\"></span>1)<span class=\"__1 _ed\"> </span>Beatri<span class=\"__1 _8\"></span>z de Boba<span class=\"__1 _6\"></span>di<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>, 14 (Ma<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>ri<span class=\"__1 _8\"></span>d)<span class=\"__1 _186\"> </span>(**<span class=\"__1 _70\"></span>)<span class=\"__1 _1a3\"> </span>-<span class=\"__1 _12f\"> </span><span class=\"lsbb\">51<span class=\"__1 _7c\"> </span></span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>Huel<span class=\"__1 _6\"></span>va<span class=\"__1 _6\"></span> 1<span class=\"__1 _6\"></span>0 So<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>, S.L.<span class=\"__1 _70\"></span>U<span class=\"__1 _19b\"> </span>Beatr<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>z de Boba<span class=\"__1 _6\"></span>di<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>, 14<span class=\"__1 _6\"></span> (Ma<span class=\"__1 _6\"></span>dr<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>d)<span class=\"__1 _a8\"> </span>(<span class=\"__1 _6\"></span>**<span class=\"__1 _70\"></span>)<span class=\"__1 _d9\"> </span><span class=\"lsbb\">51<span class=\"__1 _83\"> </span>51<span class=\"__1 _101\"> </span></span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>And\u00faj<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span> 1<span class=\"__1 _6\"></span>00<span class=\"__1 _6\"></span> Sol<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>r, S.L.<span class=\"__1 _5\"></span>U.<span class=\"__1 _5\"></span> (Nota 1<span class=\"__1 _6\"></span>)<span class=\"__1 _19a\"> </span>Beatr<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>z de Boba<span class=\"__1 _6\"></span>di<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>, 14<span class=\"__1 _6\"></span> (Ma<span class=\"__1 _6\"></span>dr<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>d)<span class=\"__1 _186\"> </span>(**<span class=\"__1 _70\"></span>)<span class=\"__1 _1a3\"> </span>-<span class=\"__1 _b\"> </span><span class=\"lsbb\">51<span class=\"__1 _101\"> </span></span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>Ancen Sol<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span> I<span class=\"__1 _6\"></span>I<span class=\"__1 _6\"></span>I<span class=\"__1 _8\"></span>, S.L<span class=\"__1 _70\"></span>.U.<span class=\"__1 _ef\"> </span>Beatri<span class=\"__1 _8\"></span>z de Boba<span class=\"__1 _6\"></span>di<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>, 14 <span class=\"__1 _6\"></span>(Ma<span class=\"__1 _6\"></span>dr<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>d)<span class=\"__1 _186\"> </span>(**)<span class=\"__1 _11a\"> </span><span class=\"lsbb\">51<span class=\"__1 _83\"> </span>51<span class=\"__1 _101\"> </span></span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>Gra<span class=\"__1 _6\"></span>na<span class=\"__1 _8\"></span>da<span class=\"__1 _6\"></span> 1<span class=\"__1 _6\"></span>33<span class=\"__1 _6\"></span> Sol<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>r, S.L.<span class=\"__1 _5\"></span>U.<span class=\"__1 _dd\"> </span>Beatri<span class=\"__1 _8\"></span>z de Bobad<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>, 1<span class=\"__1 _6\"></span>4 (<span class=\"__1 _6\"></span>Ma<span class=\"__1 _6\"></span>dr<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>d)<span class=\"__1 _186\"> </span>(**<span class=\"__1 _5\"></span>)<span class=\"__1 _11a\"> </span><span class=\"lsbb\">51<span class=\"__1 _fc\"> </span>51<span class=\"__1 _7c\"> </span></span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>Sevi<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span> 9<span class=\"__1 _6\"></span>0 So<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>, S.L<span class=\"__1 _5\"></span>.U.<span class=\"__1 _177\"> </span>Bea<span class=\"__1 _6\"></span>tri<span class=\"__1 _8\"></span>z de Bobad<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>, 1<span class=\"__1 _6\"></span>4 (Ma<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>ri<span class=\"__1 _8\"></span>d)<span class=\"__1 _186\"> </span>(**<span class=\"__1 _70\"></span>)<span class=\"__1 _d9\"> </span><span class=\"lsbb\">51<span class=\"__1 _fc\"> </span>51<span class=\"__1 _7c\"> </span></span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>Ancen Sol<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span> I<span class=\"__1 _6\"></span>V, S.L<span class=\"__1 _70\"></span>.U. (d)<span class=\"__1 _ea\"> </span>Be<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span>tri<span class=\"__1 _6\"></span>z de Boba<span class=\"__1 _6\"></span>di<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>, 14<span class=\"__1 _6\"></span> (Ma<span class=\"__1 _6\"></span>dr<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>d)<span class=\"__1 _186\"> </span>(**<span class=\"__1 _70\"></span>)<span class=\"__1 _114\"> </span>19<span class=\"__1 _6\"></span>,21<span class=\"__1 _110\"> </span><span class=\"lsbb\">51<span class=\"__1 _7c\"> </span></span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>Ancen Sol<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span> V, S.L<span class=\"__1 _70\"></span>.U.<span class=\"__1 _1a4\"> </span>Beatri<span class=\"__1 _8\"></span>z de Bobad<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>, 1<span class=\"__1 _6\"></span>4 (<span class=\"__1 _6\"></span>Ma<span class=\"__1 _6\"></span>dr<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>d)<span class=\"__1 _186\"> </span>(**<span class=\"__1 _5\"></span>)<span class=\"__1 _11a\"> </span><span class=\"lsbb\">51<span class=\"__1 _fc\"> </span>51<span class=\"__1 _7c\"> </span></span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>Ence Ene<span class=\"__1 _5\"></span>rg\u00eda<span class=\"__1 _6\"></span> P<span class=\"__1 _6\"></span>uertol<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>no 2<span class=\"__1 _6\"></span>, S.L<span class=\"__1 _5\"></span>.U<span class=\"__1 _5\"></span>.<span class=\"__1 _41\"> </span>Beatri<span class=\"__1 _8\"></span>z de Boba<span class=\"__1 _6\"></span>di<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a, 1<span class=\"__1 _6\"></span>4 <span class=\"__1 _6\"></span>(Ma<span class=\"__1 _6\"></span>dr<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>d)<span class=\"__1 _186\"> </span>(**)<span class=\"__1 _11a\"> </span><span class=\"lsbb\">51<span class=\"__1 _83\"> </span>51<span class=\"__1 _101\"> </span></span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>Ol<span class=\"__1 _8\"></span>eoe<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>erg\u00eda<span class=\"__1 _6\"></span> de Puertol<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>no, S.L.<span class=\"__1 _4a\"> </span>Arr<span class=\"__1 _6\"></span>uza<span class=\"__1 _6\"></span>fa<span class=\"__1 _6\"></span>, 2<span class=\"__1 _6\"></span>1 (C\u00f3<span class=\"__1 _6\"></span>rd<span class=\"__1 _6\"></span>oba<span class=\"__1 _6\"></span>)<span class=\"__1 _92\"> </span>P<span class=\"__1 _6\"></span>ro<span class=\"__1 _6\"></span>duc<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>\u00f3n<span class=\"__1 _6\"></span> y venta d<span class=\"__1 _6\"></span>e e<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>erg\u00eda<span class=\"__1 _6\"></span> el<span class=\"__1 _6\"></span>\u00e9ctri<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _158\"> </span>1<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>,3<span class=\"__1 _126\"> </span>15,3<span class=\"__1 _fc\"> </span>M.P.<span class=\"__1 _1bc\"> </span>Ma<span class=\"__1 _6\"></span>gnon - Jua<span class=\"__1 _8\"></span>n Ma<span class=\"__1 _6\"></span>r\u00eda<span class=\"__1 _8\"></span> Esteve<span class=\"__1 _5\"></span>z UT<span class=\"__1 _5\"></span>E<span class=\"__1 _16\"> </span>O<span class=\"__1 _6\"></span>rens<span class=\"__1 _6\"></span>e, 58 <span class=\"__1 _6\"></span>(Ma<span class=\"__1 _6\"></span>dr<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>d)<span class=\"__1 _1d\"> </span>Gesti<span class=\"__1 _6\"></span>\u00f3<span class=\"__1 _6\"></span>n de res<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>duos<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>for<span class=\"__1 _6\"></span>esta<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>es<span class=\"__1 _74\"> </span><span class=\"lsbb\">65<span class=\"__1 _12f\"> </span></span>-<span class=\"__1 _a2\"> </span>I<span class=\"__1 _6\"></span>.P<span class=\"__1 _1bc\"> </span>(a<span class=\"__1 _6\"></span>) Cuenta<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> a<span class=\"__1 _6\"></span>nu<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span> a<span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>di<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>da<span class=\"__1 _8\"></span>s<span class=\"__1 _1bc\"> </span>(c)<span class=\"__1 _6\"></span> Dur<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>nte e<span class=\"__1 _70\"></span>l<span class=\"__1 _8\"></span> ejerc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>o 2<span class=\"__1 _6\"></span>02<span class=\"__1 _6\"></span>3, l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> s<span class=\"__1 _8\"></span>oci<span class=\"__1 _8\"></span>eda<span class=\"__1 _6\"></span>des <span class=\"__1 _6\"></span>Ence CO2<span class=\"__1 _6\"></span>, Ence Bi<span class=\"__1 _6\"></span>og\u00e1<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> y<span class=\"__1 _6\"></span> Bi<span class=\"__1 _6\"></span>oCH4<span class=\"__1 _6\"></span> Develop<span class=\"__1 _6\"></span>me<span class=\"__1 _5\"></span>nts<span class=\"__1 _6\"></span>  s<span class=\"__1 _6\"></span>e ha<span class=\"__1 _6\"></span>n tra<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>pa<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>do d<span class=\"__1 _6\"></span>esd<span class=\"__1 _6\"></span>e E<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>e a Enc<span class=\"__1 _6\"></span>e Re<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>ova<span class=\"__1 _6\"></span>bl<span class=\"__1 _8\"></span>es.<span class=\"__1 _1bc\"> </span>M\u00e9<span class=\"__1 _5\"></span>todo de<span class=\"__1 _1bc\"> </span>co<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>ol<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>da<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _1bc\"> </span>(b)<span class=\"__1 _1bc\"> </span>Acti<span class=\"__1 _6\"></span>vi<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>d<span class=\"__1 _1bc\"> </span>Domi<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>Soc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>eda<span class=\"__1 _6\"></span>d<span class=\"__1 _1bc\"> </span>(**<span class=\"__1 _70\"></span>) Actua<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>me<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>te<span class=\"__1 _5\"></span> en fas<span class=\"__1 _8\"></span>e de<span class=\"__1 _5\"></span> tra<span class=\"__1 _6\"></span>mi<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>\u00f3n a<span class=\"__1 _8\"></span>dmi<span class=\"__1 _6\"></span>ni<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>tra<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>va<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e nuevas<span class=\"__1 _8\"></span> pl<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>ntas<span class=\"__1 _8\"></span> de ge<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>era<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>\u00f3n<span class=\"__1 _6\"></span> de e<span class=\"__1 _5\"></span>nerg\u00eda<span class=\"__1 _6\"></span> r<span class=\"__1 _6\"></span>enova<span class=\"__1 _6\"></span>bl<span class=\"__1 _8\"></span>e.<span class=\"__1 _1bc\"> </span>(e) V<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>ri<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>nes<span class=\"__1 _6\"></span> del<span class=\"__1 _6\"></span> per\u00edmet<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>o d<span class=\"__1 _6\"></span>ur<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>nte e<span class=\"__1 _70\"></span>l<span class=\"__1 _8\"></span> ejerc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>o 2<span class=\"__1 _6\"></span>02<span class=\"__1 _6\"></span>2 (<span class=\"__1 _6\"></span>ver Nota 6<span class=\"__1 _6\"></span>).<span class=\"__1 _1bc\"> </span>(b) M\u00e9t<span class=\"__1 _5\"></span>odo d<span class=\"__1 _6\"></span>e cons<span class=\"__1 _8\"></span>ol<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>da<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>\u00f3<span class=\"__1 _6\"></span>n:  I.G. (i<span class=\"__1 _6\"></span>ntegra<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>\u00f3n gl<span class=\"__1 _8\"></span>oba<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>); M.<span class=\"__1 _5\"></span>P. (M\u00e9t<span class=\"__1 _70\"></span>od<span class=\"__1 _6\"></span>o de pa<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>pa<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3n); I<span class=\"__1 _6\"></span>.P. (i<span class=\"__1 _6\"></span>nteg<span class=\"__1 _5\"></span>ra<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3n pr<span class=\"__1 _6\"></span>op<span class=\"__1 _6\"></span>orc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ona<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>)<span class=\"__1 _1bc\"> </span>(d) Va<span class=\"__1 _6\"></span>ri<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>nes<span class=\"__1 _6\"></span> del<span class=\"__1 _6\"></span> per\u00edme<span class=\"__1 _5\"></span>tro du<span class=\"__1 _6\"></span>ra<span class=\"__1 _8\"></span>nte<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>ejerc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>o 20<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3 (v<span class=\"__1 _6\"></span>er Nota 6<span class=\"__1 _6\"></span>).<span class=\"__1 _1bc\"> </span>% de par<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>\u00f3n<span class=\"__1 _1bc\"> </span>di<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>ecta<span class=\"__1 _6\"></span> o i<span class=\"__1 _8\"></span>ndi<span class=\"__1 _8\"></span>recta<span class=\"__1 _1bc\"> </span>(*) Cambi<span class=\"__1 _8\"></span>o de denom<span class=\"__1 _5\"></span>i<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>\u00f3n en 2<span class=\"__1 _6\"></span>02<span class=\"__1 _6\"></span>3. Enc<span class=\"__1 _6\"></span>e T<span class=\"__1 _5\"></span>erra<span class=\"__1 _6\"></span>, S.A.<span class=\"__1 _5\"></span>U.<span class=\"__1 _5\"></span> a<span class=\"__1 _6\"></span>nteri<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>ment<span class=\"__1 _5\"></span>e N<span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span>rte Fores<span class=\"__1 _6\"></span>tal<span class=\"__1 _8\"></span>, S.A<span class=\"__1 _70\"></span>.U.;<span class=\"__1 _70\"></span> Enc<span class=\"__1 _6\"></span>e CO2<span class=\"__1 _6\"></span>, S.L<span class=\"__1 _70\"></span>.U. anteri<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>rment<span class=\"__1 _5\"></span>e E<span class=\"__1 _5\"></span>nc<span class=\"__1 _6\"></span>e Se<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>vi<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span> Corp<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vos<span class=\"__1 _8\"></span>, S.L<span class=\"__1 _70\"></span>.U.;<span class=\"__1 _1bc\"> </span>Ma<span class=\"__1 _6\"></span>gnon Servi<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> Ene<span class=\"__1 _5\"></span>rg\u00e9ti<span class=\"__1 _6\"></span>co<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>, S.L<span class=\"__1 _5\"></span>. an<span class=\"__1 _6\"></span>te<span class=\"__1 _5\"></span>ri<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span>me<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>te<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>Ancen Sol<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span> VI<span class=\"__1 _6\"></span>; Magnon<span class=\"__1 _6\"></span> Bi<span class=\"__1 _6\"></span>oma<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>, S.<span class=\"__1 _5\"></span>L.<span class=\"__1 _5\"></span>U.<span class=\"__1 _5\"></span> a<span class=\"__1 _6\"></span>nteri<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>ment<span class=\"__1 _5\"></span>e A<span class=\"__1 _70\"></span>nc<span class=\"__1 _6\"></span>en Sol<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>r I<span class=\"__1 _8\"></span>I",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInAssociatesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-527": {
   "value": "2.5  Cambios en estimaciones y pol\u00edticas contables y correcci\u00f3n de errores fundamentales El efecto de cualquier  cambio  en las estimaciones contables se registra prospectivamente,  en el mismo apartado del Estado de Resultado consolidado en que se encuentra registrado el gasto o ingreso con la estimaci\u00f3n anterior. Por su parte, los cambios en pol\u00edticas contables y correcci\u00f3n de errores  fundamentales  se  registran  del siguiente modo siempre que su impacto sea significativo; el efecto acumulado al inicio del ejercicio se ajusta en el ep\u00edgrafe de reservas y el efecto del propio ejercicio se registra en el Estado de Resultado consolidado del ejercicio. En estos casos se re-expresan los datos financieros del ejercicio comparativo presentado junto al ejercicio en curso. Al 31 de diciembre de 2023 y 2022 no se han producido cambios significativos en pol\u00edticas contables, excepto por los efectos de lo indicado en la nota 2.6 siguiente, ni ha sido necesario efectuar correcciones de errores. 2.6  Normas e interpretaciones efectivas en el presente per\u00edodo  Las pol\u00edticas contables utilizadas en la preparaci\u00f3n de estas Cuentas anuales consolidadas coinciden con las utilizadas  en  el  ejercicio  anual  terminado  el  31 de  diciembre de  2022,  excepto  por  la  aplicaci\u00f3n de  las siguientes normas emitidas por el IASB (International Accounting Standards Board) y adoptadas por la Uni\u00f3n Europea para su aplicaci\u00f3n en Europa a partir del 1 de enero de 2023: Norma Contenido Nuevas normas \u2013 Aplicables a partir del 1 de enero de 2023- NIIF 17 Contratos de seguros Modificaciones y/o interpretaciones- Reemplaza  la  NIIF  4  y  recoge  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  financiera  determinar  el  efecto  que  los contratos de seguros tienen en los estados financieros. Aplicables a partir del 1 de enero de 2023- Modificaci\u00f3n a la NIC 1 Desglose de pol\u00edticas contables Modificaciones que permiten 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 Definici\u00f3n de estimaci\u00f3n contable  Modificaciones y aclaraciones sobre qu\u00e9 debe entenderse como un cambio de una estimaci\u00f3n contable. Modificaci\u00f3n a la NIC 12 Impuestos diferidos derivados de activos y pasivos que resultan de una \u00fanica transacci\u00f3n Clarificaciones  sobre  como  las  entidades  deben  registrar  el  impuesto diferido derivado de activos y pasivos que resultan de una \u00fanica transacci\u00f3n como arrendamientos y obligaciones por desmantelamiento. Modificaci\u00f3n a la NIIF 17 Contratos de Seguros \u2013 Aplicaci\u00f3n inicial de la NIIF 17 y NIIF 9. Informaci\u00f3n comparativa Modificaci\u00f3n a la NIC 12 Reforma Fiscal \u2013 Reglas Modelo Pilar 2 Modificaci\u00f3n  de  los  requisitos  de  transici\u00f3n  de  la  NIIF  17  para  las aseguradoras que aplican la NIIF 17 y la NIIF 9 por primera vez al mismo tiempo. Esta  modificaci\u00f3n  introduce  una  exenci\u00f3n  temporal  obligatoria  al reconocimiento  de  impuestos  diferidos  de  NIC  12  relacionados  con  la entrada  en  vigor  del  modelo  impositivo  internacional  del  Pilar  2.  Incluye tambi\u00e9n requerimientos adicionales de desglose. La modificaci\u00f3n de NIC-12 relativa al registro de impuestos diferidos derivados de activos y pasivos que  resulten de una \u00fanica transacci\u00f3n, supone el reconocimiento al comienzo del arrendamiento de un pasivo  por el arrendamiento financiero y un activo por el derecho de uso en aplicaci\u00f3n de la NIIF 16. La aplicaci\u00f3n  de esta modificaci\u00f3n ha supuesto el reconocimiento inicial, al inicio del primer per\u00edodo comparativo, esto  es, a 1 de enero de 2022, de un activo por impuesto diferido por importe de 7.693 miles \u20ac, un pasivo por  impuesto  diferido  de  importe  7.795  miles  \u20ac  (v\u00e9ase  Nota  32)  y  un  cargo  a  \u201cReservas  en  sociedades  consolidadas por integraci\u00f3n global y proporcional\u201d por importe de 102 miles \u20ac.  2.7  Normas e interpretaciones emitidas no vigentes  A  la  fecha  de  formulaci\u00f3n  de  estas  cuentas  anuales  consolidadas,  las  normas  e  interpretaciones  m\u00e1s  significativas que hab\u00edan sido publicadas por el IASB, pero no hab\u00edan entrado a\u00fan en vigor, bien porque no  han sido a\u00fan adoptadas por la Uni\u00f3n Europea, o bien, porque su fecha de efectividad es posterior a la fecha  de formulaci\u00f3n, son:  Norma  Contenido  Modificaciones y/o interpretaciones  aplicables a partir del 1 de enero de 2024-  Modificaci\u00f3n a la NIC 1. Clasificaci\u00f3n de  pasivos como corrientes y no corrientes y,  aquellos sujetos a covenants  Modificaci\u00f3n a la NIIF 16 Pasivo por  arrendamiento en una venta con  arrendamiento posterior  Modificaci\u00f3n a la NIC 7 y NIIF 7 Acuerdos de  financiaci\u00f3n con proveedores   Clarificaciones respecto a la presentaci\u00f3n como corrientes o no corrientes de  pasivos  y,  en  particular  de  aquellos  con  vencimiento  condicionado  al  cumplimiento de covenants.  Esta  modificaci\u00f3n  aclara  la  contabilidad  posterior  de  los  pasivos  por  arrendamiento  que  surgen  en  las  transacciones  de  venta  y  arrendamiento  posterior.  Esta modificaci\u00f3n introduce requisitos de desglose de informaci\u00f3n espec\u00edficos  de los acuerdos de financiaci\u00f3n con proveedores y sus efectos en los pasivos  y flujos de efectivo de la empresa, incluyendo el riesgo de liquidez y gesti\u00f3n  de los riesgos asociados.  Modificaciones y/o interpretaciones  aplicables a partir del 1 de enero de 2025-  Modificaci\u00f3n a la NIC 21 Ausencia de  convertibilidad  Esta modificaci\u00f3n establece un enfoque que especifica cuando una moneda  puede ser intercambiada por otra, y en caso de no serlo, la determinaci\u00f3n del  tipo de cambio a utilizar.   No se esperan impactos significativos por la introducci\u00f3n de estas modificaciones al ser  aplicaciones de  car\u00e1cter prospectivo,  modificaciones  de  presentaci\u00f3n  y  desglose  y/o  tratar  aspectos no aplicables o no  significativos a las operaciones del Grupo.  ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesAccountingEstimatesAndErrorsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-522": {
   "value": "Al <span class=\"__1 _70\"></span>31 <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>dicie<span class=\"__1 _6\"></span>mbre <span class=\"__1 _70\"></span>de 2023<span class=\"__1 _5\"></span> <span class=\"__1 _70\"></span>y 2022 <span class=\"__1 _70\"></span>no <span class=\"__1 _70\"></span>se <span class=\"__1 _5\"></span>han <span class=\"__1 _5\"></span>producido <span class=\"__1 _5\"></span>cambios <span class=\"__1 _5\"></span>significativos <span class=\"__1 _5\"></span>en <span class=\"__1 _70\"></span>pol\u00edticas<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>contab<span class=\"__1 _6\"></span>les, <span class=\"__1 _70\"></span>excepto<span class=\"__1 _6\"></span> por los efectos de lo <span class=\"__1 _5\"></span>indicado en la nota 2.6 <span class=\"__1 _5\"></span>siguiente, ni ha <span class=\"__1 _5\"></span>sido necesario efectuar correcciones de e<span class=\"__1 _5\"></span>rrores<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-5": {
   "value": "2.6<span class=\"ff5\"> <span class=\"__1 _cc\"> </span></span><span class=\"fc3\">Normas e interpreta<span class=\"__1 _5\"></span>ciones efectivas en e<span class=\"__1 _70\"></span>l<span class=\"__1 _6\"></span> presente p<span class=\"__1 _5\"></span>er\u00edodo  </span>Las pol\u00edticas co<span class=\"__1 _6\"></span>ntables utiliza<span class=\"__1 _6\"></span>das en la p<span class=\"__1 _6\"></span>reparaci\u00f3n de esta<span class=\"__1 _6\"></span>s Cuenta<span class=\"__1 _6\"></span>s anuales co<span class=\"__1 _6\"></span>nsolidadas coin<span class=\"__1 _6\"></span>ciden c<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>n las utilizadas <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c6\"> </span>el <span class=\"__1 _c8\"> </span>ejercicio <span class=\"__1 _c8\"> </span>an<span class=\"__1 _6\"></span>ual <span class=\"__1 _c8\"> </span>term<span class=\"__1 _6\"></span>inado <span class=\"__1 _c8\"> </span>el <span class=\"__1 _c8\"> </span>3<span class=\"__1 _6\"></span>1 <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"> </span>dicie<span class=\"__1 _6\"></span>mbre <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"> </span>2022, <span class=\"__1 _c6\"> </span>excepto <span class=\"__1 _c8\"> </span>por <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c8\"> </span>aplicaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"> </span>las<span class=\"__1 _6\"></span> siguientes normas <span class=\"__1 _70\"></span>emitidas<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>por e<span class=\"__1 _5\"></span>l <span class=\"__1 _5\"></span>IASB <span class=\"__1 _5\"></span>(Internation<span class=\"__1 _6\"></span>al <span class=\"__1 _5\"></span>Accounting Standards Board) <span class=\"__1 _70\"></span>y adoptadas <span class=\"__1 _5\"></span>por <span class=\"__1 _5\"></span>la <span class=\"__1 _5\"></span>Uni\u00f3n Europea para <span class=\"__1 _6\"></span>su aplicaci\u00f3n en Eu<span class=\"__1 _6\"></span>ropa a<span class=\"__1 _6\"></span> partir del 1 de enero de 2023:<span class=\"__1 _1bc\"> </span>Norma Contenido Nuevas normas <span class=\"__1 _6\"></span><span class=\"ff7\">\u2013</span> <span class=\"ff8\">Aplicables a <span class=\"__1 _6\"></span>partir del 1 de </span>enero de 2023-<span class=\"__1 _6\"></span> NIIF 17 Contratos<span class=\"__1 _6\"></span> de seguros<span class=\"ff3_1\"> </span>Modificaciones y/o interp<span class=\"__1 _6\"></span>retaciones<span class=\"__1 _6\"></span>- Reemplaza <span class=\"__1 _cb\"> </span>la <span class=\"__1 _c9\"> </span>NIIF <span class=\"__1 _c9\"> </span>4 <span class=\"__1 _cb\"> </span>y <span class=\"__1 _c9\"> </span>recoge <span class=\"__1 _cb\"> </span>los <span class=\"__1 _cb\"> </span>p<span class=\"__1 _6\"></span>rincipios <span class=\"__1 _c9\"> </span>de <span class=\"__1 _cb\"> </span>registro, <span class=\"__1 _c9\"> </span>v<span class=\"__1 _6\"></span>aloraci\u00f3n, presentaci\u00f3n <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>desglose <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>l<span class=\"__1 _5\"></span>os <span class=\"__1 _4\"></span>contratos <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>seguros <span class=\"__1 _4\"></span>con <span class=\"__1 _8\"></span>el <span class=\"__1 _4\"></span>objetivo <span class=\"__1 _4\"></span>de que <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>entidad <span class=\"__1 _6\"></span>propo<span class=\"__1 _6\"></span>rcione <span class=\"__1 _6\"></span>informaci\u00f3n rel<span class=\"__1 _6\"></span>evante <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>fiable <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>permita <span class=\"__1 _6\"></span>a los <span class=\"__1 _c8\"> </span>usu<span class=\"__1 _6\"></span>arios <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c8\"> </span>informaci\u00f3n <span class=\"__1 _c6\"> </span>financiera <span class=\"__1 _c6\"> </span>determinar <span class=\"__1 _c8\"> </span>el <span class=\"__1 _c6\"> </span>efecto <span class=\"__1 _c8\"> </span>que <span class=\"__1 _c6\"> </span>los contratos d<span class=\"__1 _6\"></span>e seguros tienen en<span class=\"__1 _6\"></span> los estad<span class=\"__1 _6\"></span>os financieros. Aplicables a partir del 1 de e<span class=\"__1 _6\"></span>nero de 2023<span class=\"__1 _6\"></span>- Modificaci\u00f3n a la NIC 1 Des<span class=\"__1 _6\"></span>glose de po<span class=\"__1 _6\"></span>l\u00edticas contables Modificaciones <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>permiten<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>entid<span class=\"__1 _6\"></span>ades <span class=\"__1 _8\"></span>identificar <span class=\"__1 _8\"></span>adecuadamente <span class=\"__1 _8\"></span>la<span class=\"__1 _6\"></span> informaci\u00f3n <span class=\"__1 _70\"></span>so<span class=\"__1 _6\"></span>bre <span class=\"__1 _70\"></span>pol\u00edticas<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>contab<span class=\"__1 _6\"></span>les <span class=\"__1 _70\"></span>materiales <span class=\"__1 _5\"></span>que <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>ebe <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>er <span class=\"__1 _70\"></span>desglosad<span class=\"__1 _6\"></span>a <span class=\"__1 _70\"></span>en los estados<span class=\"__1 _6\"></span> financieros.  Modificaci\u00f3n a la NIC 8 De<span class=\"__1 _6\"></span>finici\u00f3n d<span class=\"__1 _6\"></span>e estimaci\u00f3n contable <span class=\"__1 _6\"></span> Modificaciones <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>aclaracion<span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>sobre <span class=\"__1 _6\"></span>qu\u00e9 <span class=\"__1 _6\"></span>debe <span class=\"__1 _6\"></span>entenders<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>un <span class=\"__1 _6\"></span>cambio<span class=\"__1 _6\"></span> de una estimaci\u00f3n co<span class=\"__1 _6\"></span>ntable. Modificaci\u00f3n a la NIC 12 Impu<span class=\"__1 _6\"></span>estos<span class=\"__1 _6\"></span> diferidos derivados d<span class=\"__1 _6\"></span>e activos y pasivos que resu<span class=\"__1 _6\"></span>ltan de una \u00fanica tra<span class=\"__1 _6\"></span>nsacci\u00f3n Clarificaciones <span class=\"__1 _ce\"> </span>sobre <span class=\"__1 _cd\"> </span>como <span class=\"__1 _ce\"> </span>las <span class=\"__1 _ce\"> </span>entidades <span class=\"__1 _ce\"> </span>deben <span class=\"__1 _cd\"> </span>registrar <span class=\"__1 _ce\"> </span>el <span class=\"__1 _cd\"> </span>impu<span class=\"__1 _6\"></span>esto diferido derivado de activos y pasivos que resultan de una \u00fanica <span class=\"__1 _5\"></span>transacci\u00f3n como arrendamientos<span class=\"__1 _6\"></span> y obligacio<span class=\"__1 _6\"></span>nes por des<span class=\"__1 _6\"></span>mantelamiento.<span class=\"__1 _6\"></span> Modificaci\u00f3n a la NIIF <span class=\"__1 _6\"></span>17 Contratos<span class=\"__1 _6\"></span> de Seguros \u2013<span class=\"ff4\"> Aplicaci\u00f3n inicial de la NIIF <span class=\"__1 _6\"></span>17 y NIIF <span class=\"__1 _6\"></span>9. </span>Informaci\u00f3n comparativa<span class=\"__1 _6\"></span> Modificaci\u00f3n a la NIC 12 R<span class=\"__1 _6\"></span>eforma Fiscal <span class=\"__1 _6\"></span><span class=\"ff6\">\u2013</span> Reglas Modelo Pilar 2<span class=\"__1 _6\"></span> Modificaci\u00f3n <span class=\"__1 _cc\"> </span>de <span class=\"__1 _ce\"> </span>los <span class=\"__1 _cc\"> </span>requisitos <span class=\"__1 _cc\"> </span>de <span class=\"__1 _cf\"> </span>transici\u00f3n <span class=\"__1 _cf\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _cf\"> </span>la <span class=\"__1 _cc\"> </span>NIIF <span class=\"__1 _cf\"> </span>17 <span class=\"__1 _cf\"> </span>para <span class=\"__1 _cf\"> </span>las aseguradoras <span class=\"__1 _c8\"></span>que <span class=\"__1 _4\"></span>ap<span class=\"__1 _6\"></span>lican <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>NIIF <span class=\"__1 _c8\"></span>17 <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>la <span class=\"__1 _c8\"></span>NIIF <span class=\"__1 _4\"></span>9 <span class=\"__1 _c8\"></span>por <span class=\"__1 _4\"></span>primera <span class=\"__1 _c8\"></span>vez <span class=\"__1 _4\"></span>al <span class=\"__1 _c8\"></span>mismo tiempo. Esta <span class=\"__1 _2a\"> </span>modificaci\u00f3n <span class=\"__1 _d0\"> </span>introduce <span class=\"__1 _d0\"> </span>u<span class=\"__1 _6\"></span>na <span class=\"__1 _d0\"> </span>exenci\u00f3n <span class=\"__1 _2a\"> </span>temporal <span class=\"__1 _2a\"> </span>obligatoria <span class=\"__1 _d0\"> </span>al reconocimiento <span class=\"__1 _c9\"> </span>de <span class=\"__1 _c9\"> </span>impuestos <span class=\"__1 _c9\"> </span>diferidos <span class=\"__1 _c9\"> </span>de <span class=\"__1 _cb\"> </span>NIC <span class=\"__1 _c9\"> </span>12 <span class=\"__1 _c9\"> </span>relacionados <span class=\"__1 _c9\"> </span>con <span class=\"__1 _c9\"> </span>la entrada <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c8\"> </span>vigor <span class=\"__1 _c6\"> </span>del <span class=\"__1 _c6\"> </span>modelo<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>impo<span class=\"__1 _6\"></span>sitivo <span class=\"__1 _c6\"> </span>internacional <span class=\"__1 _c6\"> </span>del <span class=\"__1 _c6\"> </span>Pilar <span class=\"__1 _c8\"> </span>2. <span class=\"__1 _c6\"> </span>Incluye tambi\u00e9n requerimientos ad<span class=\"__1 _6\"></span>icionales d<span class=\"__1 _6\"></span>e desglose.<span class=\"__1 _1bc\"> </span>La <span class=\"__1 _4\"></span>modificaci\u00f3n <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>NIC-12 <span class=\"__1 _c8\"></span>relativa <span class=\"__1 _c8\"></span>al <span class=\"__1 _4\"></span>registro <span class=\"__1 _4\"></span>de <span class=\"__1 _c8\"></span>impuestos <span class=\"__1 _4\"></span>diferidos <span class=\"__1 _4\"></span>derivad<span class=\"__1 _6\"></span>os <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>act<span class=\"__1 _6\"></span>ivos <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>pasiv<span class=\"__1 _6\"></span>os <span class=\"__1 _4\"></span>que<span class=\"__1 _1bc\"> </span> resulten <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>una <span class=\"__1 _6\"></span>\u00fan<span class=\"__1 _6\"></span>ica <span class=\"__1 _6\"></span>trans<span class=\"__1 _6\"></span>acci\u00f3n, <span class=\"__1 _8\"></span>supone <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>reconocimien<span class=\"__1 _6\"></span>to <span class=\"__1 _6\"></span>al <span class=\"__1 _8\"></span>comienzo <span class=\"__1 _6\"></span>del <span class=\"__1 _8\"></span>arrendamiento<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>un<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>pasiv<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span> por <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>arrendamiento <span class=\"__1 _6\"></span>financiero <span class=\"__1 _6\"></span>y u<span class=\"__1 _6\"></span>n <span class=\"__1 _6\"></span>activo <span class=\"__1 _6\"></span>por e<span class=\"__1 _6\"></span>l <span class=\"__1 _6\"></span>derecho <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>uso <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>aplicaci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>NIIF 16. <span class=\"__1 _8\"></span>La <span class=\"__1 _6\"></span>aplicaci\u00f3n<span class=\"__1 _1bc\"> </span> de <span class=\"__1 _8\"></span>esta <span class=\"__1 _8\"></span>modificaci\u00f3n <span class=\"__1 _8\"></span>ha <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>upuesto <span class=\"__1 _8\"></span>el <span class=\"__1 _4\"></span>re<span class=\"__1 _5\"></span>conocimiento <span class=\"__1 _8\"></span>inicial<span class=\"__1 _6\"></span>, <span class=\"__1 _8\"></span>al <span class=\"__1 _4\"></span>inicio <span class=\"__1 _6\"></span>del <span class=\"__1 _8\"></span>primer <span class=\"__1 _8\"></span>per\u00edodo <span class=\"__1 _8\"></span>compar<span class=\"__1 _6\"></span>ativo<span class=\"__1 _6\"></span>, <span class=\"__1 _8\"></span>esto<span class=\"__1 _1bc\"> </span> es, <span class=\"__1 _8\"></span>a <span class=\"__1 _6\"></span>1 <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>enero <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>2022, <span class=\"__1 _8\"></span><span class=\"ff6\">de <span class=\"__1 _8\"></span>un <span class=\"__1 _8\"></span>activo <span class=\"__1 _8\"></span>por <span class=\"__1 _8\"></span>impuesto <span class=\"__1 _8\"></span>diferido <span class=\"__1 _8\"></span>por <span class=\"__1 _8\"></span>importe <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>7.693 <span class=\"__1 _6\"></span>mi<span class=\"__1 _6\"></span>les <span class=\"__1 _8\"></span>\u20ac<span class=\"__1 _6\"></span></span>, <span class=\"__1 _8\"></span>un <span class=\"__1 _8\"></span>pasiv<span class=\"__1 _6\"></span>o <span class=\"__1 _8\"></span>por<span class=\"__1 _1bc\"> </span> impuesto <span class=\"__1 _cb\"> </span>diferido  de <span class=\"__1 _cb\"> </span>importe <span class=\"__1 _cb\"> </span>7.795 <span class=\"__1 _cb\"> </span>mile<span class=\"__1 _5\"></span>s <span class=\"__1 _cb\"> </span>\u20ac  (v\u00e9ase <span class=\"__1 _cb\"> </span>Nota <span class=\"__1 _c9\"> </span><span class=\"ff4 ls12\">32<span class=\"ls0_1\">) <span class=\"__1 _cb\"> </span></span></span>y  un <span class=\"__1 _cb\"> </span>cargo <span class=\"__1 _cb\"> </span>a  \u201cReservas <span class=\"__1 _cb\"> </span>en <span class=\"__1 _cb\"> </span>sociedades<span class=\"__1 _1bc\"> </span> consolidadas<span class=\"__1 _6\"></span> por integraci\u00f3n global y<span class=\"__1 _6\"></span> proporcional\u201d<span class=\"__1 _6\"></span> por importe de 102 miles \u20ac.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfInitialApplicationOfStandardsOrInterpretations",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-6": {
   "value": "2.7<span class=\"ff5\"> <span class=\"__1 _cc\"> </span></span><span class=\"fc3\">Normas e interpreta<span class=\"__1 _5\"></span>ciones emitida<span class=\"__1 _5\"></span>s no vigentes </span><span class=\"fc3\"> </span>A  la  fecha  de <span class=\"__1 _ca\"> </span>formulaci\u00f3n  de  estas  cuentas  anuales  consolidadas,  las  normas  e<span class=\"__1 _70\"></span>  interpretacion<span class=\"__1 _6\"></span>es  m\u00e1s<span class=\"__1 _1bc\"> </span> significativas <span class=\"__1 _6\"></span>qu<span class=\"__1 _6\"></span>e hab<span class=\"__1 _6\"></span>\u00edan <span class=\"__1 _6\"></span>sido <span class=\"__1 _6\"></span>publicadas<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>por <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>IASB, <span class=\"__1 _6\"></span>pero <span class=\"__1 _6\"></span>no <span class=\"__1 _6\"></span>hab\u00edan <span class=\"__1 _6\"></span>entra<span class=\"__1 _6\"></span>do <span class=\"__1 _6\"></span>a\u00fan <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>vigor, <span class=\"__1 _6\"></span>bien <span class=\"__1 _6\"></span>porque <span class=\"__1 _6\"></span>no<span class=\"__1 _1bc\"> </span> han sido a\u00fan adoptadas por la Uni\u00f3n Europea, o bien, porque su fecha d<span class=\"__1 _6\"></span>e efectividad es posterior a la fecha<span class=\"__1 _1bc\"> </span> de formulaci\u00f3n, son<span class=\"__1 _6\"></span>:<span class=\"__1 _1bc\"> </span>Norma<span class=\"__1 _1bc\"> </span> Contenido<span class=\"__1 _1bc\"> </span> Modificaciones y/o interp<span class=\"__1 _6\"></span>retaciones<span class=\"__1 _1bc\"> </span> aplicables a partir del 1 de<span class=\"__1 _6\"></span> enero d<span class=\"__1 _6\"></span>e 2024<span class=\"__1 _6\"></span>-<span class=\"__1 _1bc\"> </span><span class=\"ff4\"> </span>Modificaci\u00f3n a la NIC 1. <span class=\"__1 _6\"></span>Clasificaci\u00f3n de<span class=\"__1 _1bc\"> </span> pasivos como corrientes y<span class=\"__1 _6\"></span> no corrientes y<span class=\"__1 _6\"></span>,<span class=\"__1 _1bc\"> </span> aquellos su<span class=\"__1 _6\"></span>jetos a covenants<span class=\"__1 _6\"></span>  Modificaci\u00f3n a la NIIF <span class=\"__1 _6\"></span>16 Pasivo por<span class=\"__1 _1bc\"> </span> arrendamiento en una <span class=\"__1 _6\"></span>venta con<span class=\"__1 _1bc\"> </span> arrendamiento posterior<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> Modificaci\u00f3n a la NIC 7 y<span class=\"__1 _6\"></span> NIIF 7 Acuerdos<span class=\"__1 _6\"></span> de<span class=\"__1 _1bc\"> </span> financiaci\u00f3n con p<span class=\"__1 _6\"></span>roveedores<span class=\"__1 _1bc\"> </span> Clarificaciones <span class=\"__1 _6\"></span>respecto <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>presentaci\u00f3n <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>corrientes<span class=\"__1 _6\"></span> o<span class=\"__1 _6\"></span> n<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>corrientes <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span> pasivos <span class=\"__1 _cf\"> </span>y, <span class=\"__1 _cc\"> </span>en <span class=\"__1 _cf\"> </span>particular <span class=\"__1 _cf\"> </span>de <span class=\"__1 _cf\"> </span>aquellos <span class=\"__1 _cf\"> </span>con<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>vencimiento <span class=\"__1 _cf\"> </span>condicion<span class=\"__1 _6\"></span>ado <span class=\"__1 _cf\"> </span>al<span class=\"__1 _1bc\"> </span> cumplimiento de covenan<span class=\"__1 _6\"></span>ts.<span class=\"__1 _1bc\"> </span> Esta <span class=\"__1 _cc\"> </span>modificaci\u00f3n <span class=\"__1 _d1\"> </span>aclara <span class=\"__1 _cc\"> </span>la <span class=\"__1 _d1\"> </span>contabilidad <span class=\"__1 _d1\"> </span>posterior <span class=\"__1 _cc\"> </span>de <span class=\"__1 _d1\"> </span>los<span class=\"__1 _6\"></span> <span class=\"__1 _cc\"> </span>pasiv<span class=\"__1 _6\"></span>os <span class=\"__1 _cc\"> </span>por<span class=\"__1 _1bc\"> </span> arrendamiento <span class=\"__1 _c8\"> </span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _c8\"> </span>su<span class=\"__1 _6\"></span>rgen <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c6\"> </span>las <span class=\"__1 _c6\"> </span>transacciones <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>venta <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c6\"> </span>arrendamiento<span class=\"__1 _1bc\"> </span> posterior.<span class=\"__1 _1bc\"> </span> Esta modificaci\u00f3n introduce requisitos de desglose de <span class=\"__1 _5\"></span>informaci\u00f3n espec\u00edficos<span class=\"__1 _1bc\"> </span> de <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>acuerdos <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>financiaci\u00f3n <span class=\"__1 _8\"></span>con <span class=\"__1 _6\"></span>proveedores <span class=\"__1 _8\"></span>y <span class=\"__1 _6\"></span>sus <span class=\"__1 _8\"></span>efectos <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>pasivos<span class=\"__1 _1bc\"> </span> y <span class=\"__1 _8\"></span>flujos <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>efectivo <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>e<span class=\"__1 _6\"></span>mpresa, <span class=\"__1 _8\"></span>incluy<span class=\"__1 _6\"></span>endo <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>riesgo <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>liquidez <span class=\"__1 _8\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>gesti\u00f3n<span class=\"__1 _1bc\"> </span> de los riesgos a<span class=\"__1 _6\"></span>sociados.<span class=\"__1 _1bc\"> </span> Modificaciones y/o interp<span class=\"__1 _6\"></span>retaciones<span class=\"__1 _1bc\"> </span> aplicables a partir del 1 de<span class=\"__1 _6\"></span> enero d<span class=\"__1 _6\"></span>e 2025<span class=\"__1 _6\"></span>-<span class=\"__1 _1bc\"> </span> Modificaci\u00f3n a la NIC 21 Au<span class=\"__1 _6\"></span>sencia de<span class=\"__1 _1bc\"> </span> convertibilidad<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> Esta <span class=\"__1 _4\"></span>modificaci\u00f3n <span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span>tablece <span class=\"__1 _4\"></span>un <span class=\"__1 _8\"></span>enfoq<span class=\"__1 _6\"></span>ue <span class=\"__1 _8\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>specifica <span class=\"__1 _4\"></span>cuando <span class=\"__1 _4\"></span>una <span class=\"__1 _8\"></span>moneda<span class=\"__1 _1bc\"> </span> puede ser intercambiada <span class=\"__1 _6\"></span>por otra, y en<span class=\"__1 _6\"></span> caso de no serlo, la determinaci\u00f3n del<span class=\"__1 _1bc\"> </span> tipo de cambio a u<span class=\"__1 _6\"></span>tilizar.<span class=\"__1 _1bc\"> </span> No <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>esperan <span class=\"__1 _4\"></span>impactos<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>significativos <span class=\"__1 _4\"></span>p<span class=\"__1 _6\"></span>or <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>introducci\u00f3n <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>estas <span class=\"__1 _4\"></span>modificaciones<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>al <span class=\"__1 _4\"></span>ser <span class=\"__1 _c6\"> </span>aplicaciones <span class=\"__1 _4\"></span>de<span class=\"__1 _1bc\"> </span> car\u00e1cter <span class=\"__1 _c8\"></span>prospectivo, <span class=\"__1 _c8\"> </span>modificaciones <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>presentaci\u00f3n <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c8\"> </span>desglose <span class=\"__1 _c8\"> </span>y/o <span class=\"__1 _c8\"> </span>tratar <span class=\"__1 _c8\"> </span>asp<span class=\"__1 _6\"></span>ectos <span class=\"__1 _c8\"></span>no <span class=\"__1 _4\"></span>aplicab<span class=\"__1 _6\"></span>les <span class=\"__1 _4\"></span>o<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>n<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span> significativos a la<span class=\"__1 _6\"></span>s operaciones d<span class=\"__1 _6\"></span>el Grupo.<span class=\"__1 _1bc\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-616": {
   "value": "2.8<span class=\"ff5\"> <span class=\"__1 _cc\"> </span></span><span class=\"fc3\">Conflictos b\u00e9li<span class=\"__1 _5\"></span>cos internacion<span class=\"__1 _5\"></span>ales<span class=\"__1 _1bc\"> </span></span><span class=\"fc3\"> </span>Tanto <span class=\"__1 _c8\"> </span>el <span class=\"__1 _c8\"> </span>con<span class=\"__1 _6\"></span>flicto <span class=\"__1 _c8\"></span>b\u00e9lico <span class=\"__1 _c8\"> </span>entr<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"> </span>Rusia <span class=\"__1 _c8\"> </span>y<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>Ucrania<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>como <span class=\"__1 _c8\"> </span>el<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>que <span class=\"__1 _c8\"> </span>est\u00e1<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>acaeciendo <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c6\"> </span>Oriente <span class=\"__1 _c6\"> </span>Pr\u00f3ximo <span class=\"__1 _c6\"> </span>est\u00e1n<span class=\"__1 _1bc\"> </span> afectando <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>forma <span class=\"__1 _c8\"> </span>significa<span class=\"__1 _6\"></span>tiva <span class=\"__1 _c8\"> </span>a <span class=\"__1 _c8\"> </span>los <span class=\"__1 _c6\"> </span>mercados <span class=\"__1 _c8\"> </span>econ\u00f3micos <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c8\"> </span>financieros <span class=\"__1 _c6\"> </span>globales, <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c8\"></span>a <span class=\"__1 _c8\"> </span>sus <span class=\"__1 _c8\"> </span>cond<span class=\"__1 _6\"></span>iciones<span class=\"__1 _1bc\"> </span> macroecon\u00f3micas. <span class=\"__1 _6\"></span> En e<span class=\"__1 _5\"></span>ste <span class=\"__1 _5\"></span>escenario, ENCE <span class=\"__1 _70\"></span>est\u00e1 haciendo un <span class=\"__1 _70\"></span>seguimiento continuo <span class=\"__1 _5\"></span>del <span class=\"__1 _5\"></span>estado y <span class=\"__1 _70\"></span>evoluci\u00f3n de <span class=\"__1 _70\"></span>la s<span class=\"__1 _6\"></span>ituaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>actual<span class=\"__1 _1bc\"> </span> generada por <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>crisis al objeto d<span class=\"__1 _6\"></span>e gestionar los<span class=\"__1 _6\"></span> riesgos <span class=\"__1 _6\"></span>potenciales. La <span class=\"__1 _6\"></span>prioridad s<span class=\"__1 _6\"></span>e ha centra<span class=\"__1 _6\"></span>do en limitar <span class=\"__1 _6\"></span>y<span class=\"__1 _1bc\"> </span> reducir <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>impact<span class=\"__1 _6\"></span>o <span class=\"__1 _8\"></span>del <span class=\"__1 _4\"></span>incremento <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>recios <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>las <span class=\"__1 _4\"></span>m<span class=\"__1 _5\"></span>aterias <span class=\"__1 _4\"></span>primas <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>fletes, <span class=\"__1 _8\"></span>as\u00ed <span class=\"__1 _8\"></span>como <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>adopci\u00f3n <span class=\"__1 _8\"></span>de<span class=\"__1 _1bc\"> </span> medidas <span class=\"__1 _4\"></span>de <span class=\"__1 _c8\"></span>defensa <span class=\"__1 _c8\"></span>y <span class=\"__1 _4\"></span>c<span class=\"__1 _6\"></span>ontroles <span class=\"__1 _c8\"></span>internos <span class=\"__1 _c8\"></span>para <span class=\"__1 _4\"></span>la <span class=\"__1 _c8\"></span>protecci\u00f3n <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>nuestra<span class=\"__1 _6\"></span>s <span class=\"__1 _4\"></span>infraestru<span class=\"__1 _6\"></span>cturas <span class=\"__1 _c8\"></span>digitales. <span class=\"__1 _4\"></span>En<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>lo<span class=\"__1 _1bc\"> </span> relativo a <span class=\"__1 _70\"></span>la energ\u00eda el\u00e9ctrica, <span class=\"__1 _5\"></span>ENCE Celulosa es <span class=\"__1 _70\"></span>au<span class=\"__1 _6\"></span>tosuficiente en <span class=\"__1 _70\"></span>con<span class=\"__1 _6\"></span>diciones normales <span class=\"__1 _5\"></span>de operaci\u00f3n ya <span class=\"__1 _5\"></span>que<span class=\"__1 _1bc\"> </span> la energ\u00eda el\u00e9ctrica generada en nuestras biof\u00e1bricas es superior a la energ\u00eda consumida. Por su parte, ENCE<span class=\"__1 _1bc\"> </span> Renovables <span class=\"__1 _6\"></span>tambi\u00e9n es <span class=\"__1 _6\"></span>excedentario <span class=\"__1 _6\"></span>energ\u00e9ticamente al <span class=\"__1 _6\"></span>ser su <span class=\"__1 _6\"></span>actividad la <span class=\"__1 _6\"></span>generaci\u00f3n <span class=\"__1 _6\"></span>de energ\u00eda el\u00e9ctrica<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> a partir de fuentes<span class=\"__1 _6\"></span> renovables. <span class=\"__1 _6\"></span> Adicionalmente <span class=\"__1 _c8\"> </span>se <span class=\"__1 _c8\"></span>est\u00e1 <span class=\"__1 _c8\"></span>llevando <span class=\"__1 _c8\"> </span>a <span class=\"__1 _c8\"> </span>cabo <span class=\"__1 _c8\"> </span>un <span class=\"__1 _c8\"> </span>seguimiento <span class=\"__1 _c8\"> </span>cercano <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>nues<span class=\"__1 _6\"></span>tros <span class=\"__1 _c8\"></span>principales <span class=\"__1 _c8\"> </span>clientes <span class=\"__1 _c8\"></span>con <span class=\"__1 _c8\"> </span>el<span class=\"__1 _1bc\"> </span> objetivo <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>identificar <span class=\"__1 _5\"></span>su <span class=\"__1 _70\"></span>afecci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>por la <span class=\"__1 _70\"></span>crisis <span class=\"__1 _70\"></span>energ\u00e9tica <span class=\"__1 _70\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>adop<span class=\"__1 _6\"></span>tar <span class=\"__1 _70\"></span>acciones come<span class=\"__1 _5\"></span>rciales <span class=\"__1 _5\"></span>alternativas e<span class=\"__1 _5\"></span>n <span class=\"__1 _70\"></span>cas<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span> de ser necesario.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> El <span class=\"__1 _6\"></span>Grupo <span class=\"__1 _8\"></span>no <span class=\"__1 _6\"></span>tiene <span class=\"__1 _6\"></span>contrap<span class=\"__1 _6\"></span>artes, <span class=\"__1 _6\"></span>ni <span class=\"__1 _6\"></span>por <span class=\"__1 _8\"></span>la par<span class=\"__1 _6\"></span>te d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>suministro <span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>i <span class=\"__1 _6\"></span>por <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>ventas, <span class=\"__1 _6\"></span>event<span class=\"__1 _8\"></span>ualmente <span class=\"__1 _6\"></span>afectadas<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> por <span class=\"__1 _5\"></span>las sanciones, <span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>i <span class=\"__1 _5\"></span>mantiene operaciones <span class=\"__1 _70\"></span>ni tiene <span class=\"__1 _70\"></span>forma<span class=\"__1 _6\"></span>lizados<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>contratos de <span class=\"__1 _70\"></span>suministro<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>vincu<span class=\"__1 _6\"></span>lados a <span class=\"__1 _70\"></span>Rusia.<span class=\"__1 _1bc\"> </span> Por <span class=\"__1 _6\"></span>su <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>arte, <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>operativa <span class=\"__1 _8\"></span>de EN<span class=\"__1 _6\"></span>CE <span class=\"__1 _6\"></span>con <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>zo<span class=\"__1 _6\"></span>na <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>conflicto <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>Oriente <span class=\"__1 _6\"></span>Pr\u00f3ximo <span class=\"__1 _8\"></span>es <span class=\"__1 _6\"></span>residual, <span class=\"__1 _6\"></span>al<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>centra<span class=\"__1 _6\"></span>rse <span class=\"__1 _6\"></span>las<span class=\"__1 _1bc\"> </span> operaciones del Grup<span class=\"__1 _6\"></span>o en Europa.<span class=\"__1 _6\"></span>  6.<span class=\"ff5 ls0_1\"> <span class=\"__1 _c1\"> </span><span class=\"ff3_1\">Principales adquisiciones, desinversiones y otros cambios en el <span class=\"__1 _5\"></span>per\u00edmetro de<span class=\"__1 _1bc\"> </span></span></span>consolidaci\u00f3n<span class=\"__1 _1bc\"> </span>A\u00f1<span class=\"ls0_1\">o 2023<span class=\"__1 _1bc\"> </span></span>Cambios en el per\u00edmetro de c<span class=\"__1 _6\"></span>onsolidaci\u00f3n<span class=\"__1 _1bc\"> </span>En <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>ejercicio <span class=\"__1 _6\"></span>2023 <span class=\"__1 _6\"></span>E<span class=\"__1 _6\"></span>nce <span class=\"__1 _6\"></span>Ene<span class=\"__1 _6\"></span>rg\u00eda <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>Celulosa, <span class=\"__1 _8\"></span>S.A. <span class=\"__1 _6\"></span>cons<span class=\"__1 _6\"></span>tituye <span class=\"__1 _6\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>tit<span class=\"__1 _6\"></span>ular <span class=\"__1 _6\"></span>del <span class=\"__1 _8\"></span>100% <span class=\"__1 _6\"></span>del <span class=\"__1 _8\"></span>capital <span class=\"__1 _6\"></span>social <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>Ence<span class=\"__1 _1bc\"> </span>Renovables, <span class=\"__1 _4\"></span>S.L.U., <span class=\"__1 _c8\"></span>sociedad <span class=\"__1 _4\"></span>holding <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>dis<span class=\"__1 _6\"></span>tintos <span class=\"__1 _4\"></span>negocios <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>energ\u00edas <span class=\"__1 _4\"></span>renovables <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>Grupo<span class=\"__1 _8\"></span><span class=\"ls17\">. <span class=\"__1 _4\"></span></span>Tras <span class=\"__1 _4\"></span>su<span class=\"__1 _1bc\"> </span>constituci\u00f3n,<span class=\"__1 _6\"></span> se <span class=\"__1 _6\"></span>ha <span class=\"__1 _6\"></span>llevado <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>cabo <span class=\"__1 _6\"></span>una <span class=\"__1 _6\"></span>reorganizaci\u00f3n <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>ocietaria <span class=\"__1 _6\"></span>para <span class=\"__1 _6\"></span>ubicar <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>Ence <span class=\"__1 _6\"></span>Renovables, <span class=\"__1 _6\"></span>S.L. <span class=\"__1 _6\"></span>tod<span class=\"__1 _6\"></span>as<span class=\"__1 _1bc\"> </span>las  filiales <span class=\"__1 _cb\"> </span>encargadas  d<span class=\"__1 _6\"></span>el  desarrollo <span class=\"__1 _cb\"> </span>de  negocios <span class=\"__1 _cb\"> </span>vinculados <span class=\"__1 _cb\"> </span>a  la  actividad <span class=\"__1 _cb\"> </span>de  generaci\u00f3n  de <span class=\"__1 _cb\"> </span>energ\u00eda<span class=\"__1 _1bc\"> </span>renovable. <span class=\"__1 _6\"></span>En <span class=\"__1 _6\"></span>este <span class=\"__1 _6\"></span>sentido, <span class=\"__1 _8\"></span>la Socieda<span class=\"ls14\">d <span class=\"__1 _6\"></span></span>Dominan<span class=\"__1 _6\"></span>te v<span class=\"__1 _6\"></span>endi\u00f3 a <span class=\"__1 _6\"></span>E<span class=\"__1 _6\"></span>nce <span class=\"__1 _6\"></span>Renovables, <span class=\"__1 _6\"></span>S.L. <span class=\"__1 _6\"></span>su <span class=\"__1 _6\"></span>participaci\u00f3n <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>Ence<span class=\"__1 _1bc\"> </span>Biog\u00e1s, <span class=\"__1 _6\"></span>S.L. <span class=\"__1 _8\"></span>y <span class=\"__1 _6\"></span>En<span class=\"__1 _6\"></span>ce <span class=\"__1 _6\"></span>CO2, <span class=\"__1 _8\"></span>S.L. <span class=\"__1 _6\"></span><span class=\"ff6\">p<span class=\"__1 _6\"></span>or <span class=\"__1 _6\"></span>3 <span class=\"__1 _8\"></span>miles <span class=\"__1 _6\"></span>\u20ac <span class=\"__1 _8\"></span></span>cada <span class=\"__1 _6\"></span>un<span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>le <span class=\"__1 _6\"></span>apo<span class=\"__1 _6\"></span>rt\u00f3 <span class=\"__1 _6\"></span>su <span class=\"__1 _8\"></span>participaci\u00f3n <span class=\"__1 _8\"></span>del <span class=\"__1 _6\"></span>51% <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>Magn<span class=\"__1 _6\"></span>on <span class=\"__1 _6\"></span>Green<span class=\"__1 _1bc\"> </span>Energy, <span class=\"__1 _70\"></span>S.L.<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>mediante <span class=\"__1 _5\"></span>la <span class=\"__1 _70\"></span>su<span class=\"__1 _6\"></span>scripci\u00f3n del <span class=\"__1 _70\"></span>100% <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>la ampliaci\u00f3n <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>capital <span class=\"__1 _5\"></span>llevada a <span class=\"__1 _70\"></span>cabo <span class=\"__1 _5\"></span>por <span class=\"__1 _70\"></span>E<span class=\"__1 _6\"></span>nce <span class=\"__1 _70\"></span>Renovables,<span class=\"__1 _1bc\"> </span>S.L. <span class=\"__1 _c8\"> </span>La <span class=\"__1 _c6\"> </span>ampliaci\u00f3n <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>capital <span class=\"__1 _c8\"> </span>se <span class=\"__1 _c6\"> </span>llev\u00f3 <span class=\"__1 _c8\"> </span>a <span class=\"__1 _c6\"> </span>cabo <span class=\"__1 _c6\"> </span>por <span class=\"__1 _c6\"> </span>un <span class=\"__1 _c8\"> </span><span class=\"ff6\">importe <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c8\"> </span>113.960 <span class=\"__1 _c6\"> </span>miles <span class=\"__1 _c6\"> </span>\u20ac</span><span class=\"ls11\">, <span class=\"__1 _c6\"> </span></span>valor <span class=\"__1 _c8\"> </span>contab<span class=\"__1 _6\"></span>le <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>los<span class=\"__1 _1bc\"> </span>elementos <span class=\"__1 _8\"></span>patrimoniales <span class=\"__1 _8\"></span>aportad<span class=\"__1 _6\"></span>os <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>consolidado <span class=\"__1 _8\"></span>del <span class=\"__1 _6\"></span>Grupo<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>elabora<span class=\"__1 _6\"></span>do <span class=\"__1 _8\"></span>bajo <span class=\"__1 _8\"></span>Plan <span class=\"__1 _6\"></span>General <span class=\"__1 _8\"></span>Contable <span class=\"__1 _4\"></span>en<span class=\"__1 _1bc\"> </span>la <span class=\"__1 _c8\"> </span>fecha <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c8\"> </span>tran<span class=\"__1 _6\"></span>sacci\u00f3n<span class=\"__1 _6\"></span>, <span class=\"__1 _c8\"> </span>siendo <span class=\"__1 _c8\"> </span>el <span class=\"__1 _c6\"> </span>valor <span class=\"__1 _c8\"> </span>contab<span class=\"__1 _6\"></span>le <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c8\"> </span>Ence <span class=\"__1 _c8\"> </span>En<span class=\"__1 _6\"></span>erg\u00eda <span class=\"__1 _c8\"></span>y <span class=\"__1 _c8\"> </span>Celulosa, <span class=\"__1 _c8\"> </span>S.A. <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c8\"> </span>p<span class=\"__1 _6\"></span>articipaci\u00f3n<span class=\"__1 _1bc\"> </span>aportada  de<span class=\"__1 _70\"></span>  112.528 <span class=\"__1 _c8\"> </span><span class=\"ff6\">mil<span class=\"__1 _6\"></span>es <span class=\"__1 _c6\"> </span>\u20ac.  La <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>iferencia <span class=\"__1 _c6\"> </span>entre <span class=\"__1 _c6\"> </span>ambos<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>valores, <span class=\"__1 _ca\"> </span>por <span class=\"__1 _c6\"> </span>importe <span class=\"__1 _c6\"> </span>de <span class=\"__1 _ca\"> </span>1.432 <span class=\"__1 _c6\"> </span>miles <span class=\"__1 _c6\"> </span>\u20ac,  se <span class=\"__1 _c8\"> </span>h<span class=\"__1 _6\"></span>a<span class=\"__1 _1bc\"> </span></span>reconocido en <span class=\"__1 _5\"></span>una cuenta de Re<span class=\"__1 _5\"></span>servas. Adicionalm<span class=\"__1 _6\"></span>ente, con <span class=\"__1 _5\"></span>fecha 20 <span class=\"__1 _5\"></span>de abril de 2023 <span class=\"__1 _70\"></span>E<span class=\"__1 _6\"></span>nce Renovables, S.L.<span class=\"__1 _1bc\"> </span>adquiri\u00f3 <span class=\"__1 _5\"></span>el <span class=\"__1 _70\"></span>50% <span class=\"__1 _70\"></span>de Magnon <span class=\"__1 _70\"></span>Se<span class=\"__1 _6\"></span>rvicios <span class=\"__1 _70\"></span>E<span class=\"__1 _6\"></span>nerg\u00e9ticos, <span class=\"__1 _70\"></span>S.L., sociedades <span class=\"__1 _70\"></span>inactivas<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>en <span class=\"__1 _5\"></span>el <span class=\"__1 _70\"></span>momento <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>la <span class=\"__1 _5\"></span>transacci\u00f3n,<span class=\"__1 _1bc\"> </span>por el valor de s<span class=\"__1 _6\"></span>u capital social. Por <span class=\"__1 _6\"></span>otra <span class=\"__1 _6\"></span>parte, <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>ejercicio <span class=\"__1 _6\"></span>2023 <span class=\"__1 _6\"></span>Ence <span class=\"__1 _6\"></span>Energ\u00eda <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>Celulosa, <span class=\"__1 _6\"></span>S.A. <span class=\"__1 _8\"></span>constitu<span class=\"__1 _6\"></span>ye y<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>es titular <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>el 100% <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>capital<span class=\"__1 _1bc\"> </span>social  de <span class=\"__1 _c6\"> </span>Biofibras  de <span class=\"__1 _c6\"> </span>Galici<span class=\"__1 _6\"></span>a, <span class=\"__1 _ca\"> </span>S.L.U., <span class=\"__1 _ca\"> </span>cuyo  destino <span class=\"__1 _c6\"> </span>es  desarrollar <span class=\"__1 _c6\"> </span>la  actividad  de <span class=\"__1 _c6\"> </span>producci\u00f3n  de <span class=\"__1 _c6\"> </span>pas<span class=\"__1 _6\"></span>tas<span class=\"__1 _1bc\"> </span>celul\u00f3sicas a partir de cart\u00f3n y <span class=\"__1 _5\"></span>papel recuperado, y de las Sociedades Ence Biomasa, S.L.U., Ence PV, S.L.U. y<span class=\"__1 _1bc\"> </span>Ence Servicios Energ\u00e9ticos, S.<span class=\"__1 _6\"></span>L.U., todas<span class=\"__1 _6\"></span> ellas inactivas en 2023. Otros<span class=\"__1 _1bc\"> </span>Magnon Green Energy, S.L. h<span class=\"__1 _6\"></span>a vendido a<span class=\"__1 _6\"></span> un tercero por su valor no<span class=\"__1 _6\"></span>minal el 62,3% de Anc<span class=\"__1 _6\"></span>en Solar IV, S.L.U.<span class=\"__1 _1bc\"> </span>sociedad <span class=\"__1 _cb\"> </span>que <span class=\"__1 _cb\"> </span>permanec\u00eda  inact<span class=\"__1 _6\"></span>iva. <span class=\"__1 _cb\"> </span>Esta <span class=\"__1 _cb\"> </span>Sociedad  se <span class=\"__1 _cb\"> </span>va  a <span class=\"__1 _cb\"> </span>destinar <span class=\"__1 _cb\"> </span>al  d<span class=\"__1 _6\"></span>esarrollo <span class=\"__1 _c9\"> </span>de  las <span class=\"__1 _cb\"> </span>instalaciones<span class=\"__1 _1bc\"> </span>necesarias para la <span class=\"__1 _6\"></span>conexi\u00f3n a la red el\u00e9ctrica del<span class=\"__1 _6\"></span> proyecto f<span class=\"__1 _6\"></span>otovoltaico loca<span class=\"__1 _6\"></span>lizado en Sevilla <span class=\"__1 _6\"></span>(V\u00e9ase nota 1)<span class=\"__1 _6\"></span>. Asimismo, durante 20<span class=\"__1 _6\"></span>23 Mag<span class=\"__1 _6\"></span>non Green Ener<span class=\"__1 _6\"></span>gy, S.L ha cons<span class=\"__1 _6\"></span>tituid<span class=\"__1 _6\"></span>o conjuntamente con t<span class=\"__1 _6\"></span>erceras partes u<span class=\"__1 _6\"></span>na<span class=\"__1 _1bc\"> </span>Agrupaci\u00f3n de Inter\u00e9s E<span class=\"__1 _6\"></span>con\u00f3mico con el ob<span class=\"__1 _6\"></span>jeto de obten<span class=\"__1 _6\"></span>er los derechos d<span class=\"__1 _6\"></span>e conexi\u00f3n en <span class=\"__1 _6\"></span>una <span class=\"__1 _8\"></span>subestaci\u00f3n a<span class=\"__1 _1bc\"> </span>la que se conectar\u00e1 el p<span class=\"__1 _6\"></span>royecto fotov<span class=\"__1 _6\"></span>oltaico en promoci\u00f3n u<span class=\"__1 _6\"></span>bicado en Granad<span class=\"__1 _6\"></span>a (V\u00e9ase nota 1).<span class=\"__1 _1bc\"> </span>En<span class=\"ls0_1\"> el e<span class=\"__1 _5\"></span>jercicio 2023 <span class=\"ls20\">se</span> <span class=\"ls14\">ha</span> <span class=\"__1 _5\"></span>completado<span class=\"__1 _6\"></span> la liquidaci\u00f3n de la sociedad Sierras Calmas, S.A., filial domiciliada en<span class=\"__1 _1bc\"> </span></span>Uruguay e inactiva <span class=\"__1 _6\"></span>en los \u00faltimos a\u00f1<span class=\"__1 _6\"></span><span class=\"ls19\">os</span>.<span class=\"__1 _1bc\"> </span>A\u00f1o 2022<span class=\"__1 _1bc\"> </span>Cambios en el per\u00edmetro de c<span class=\"__1 _6\"></span>onsolidaci\u00f3n<span class=\"__1 _1bc\"> </span>Durante <span class=\"__1 _4\"></span>el <span class=\"__1 _c8\"></span>ejercicio <span class=\"__1 _4\"></span>2022 <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>constit<span class=\"__1 _6\"></span>uy\u00f3 <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>Sociedad<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>En<span class=\"__1 _6\"></span>ce <span class=\"__1 _4\"></span>Biog\u00e1s, <span class=\"__1 _4\"></span>S.L., <span class=\"__1 _c8\"></span>100% <span class=\"__1 _4\"></span>participada <span class=\"__1 _c8\"> </span>por <span class=\"__1 _c8\"></span>la <span class=\"__1 _4\"></span>Sociedad<span class=\"__1 _1bc\"> </span>Dominante <span class=\"__1 _c6\"> </span>con <span class=\"__1 _c6\"> </span>el <span class=\"__1 _c6\"> </span>objeto <span class=\"__1 _c6\"> </span>de<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>producir <span class=\"__1 _c6\"> </span>gas<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>renovable <span class=\"__1 _c6\"> </span>(Biometano) <span class=\"__1 _c8\"> </span>a <span class=\"__1 _ca\"> </span>partir <span class=\"__1 _c6\"> </span>de  subproductos <span class=\"__1 _c6\"> </span>agr\u00edcolas<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>y<span class=\"__1 _1bc\"> </span>ganaderos par<span class=\"__1 _6\"></span>a su inyecci\u00f3n a la red de gas n<span class=\"__1 _6\"></span>atural.<span class=\"__1 _1bc\"> </span>As\u00ed <span class=\"__1 _6\"></span>mismo, <span class=\"__1 _8\"></span>durante <span class=\"__1 _6\"></span>2022 <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>cons<span class=\"__1 _6\"></span>tituy\u00f3 <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>Sociedad <span class=\"__1 _8\"></span>BioCH4 <span class=\"__1 _6\"></span>Developments, <span class=\"__1 _8\"></span>S.L. <span class=\"__1 _6\"></span>participad<span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>un <span class=\"__1 _6\"></span>60% <span class=\"__1 _6\"></span>por<span class=\"__1 _1bc\"> </span>Ence Biog\u00e1s, S.L. con<span class=\"__1 _6\"></span> el objeto de prestar <span class=\"__1 _6\"></span>servicios relacionados con<span class=\"__1 _6\"></span> el des<span class=\"__1 _6\"></span>arrollo y cons<span class=\"__1 _6\"></span>trucci\u00f3n de plantas<span class=\"__1 _1bc\"> </span>de biometano y biog\u00e1<span class=\"__1 _6\"></span>s.<span class=\"__1 _1bc\"> </span>7.<span class=\"ff5 ls0_1\"> <span class=\"__1 _c1\"> </span><span class=\"ff3_1\">Cambio clim\u00e1tico y Acuerdo de Par\u00eds<span class=\"__1 _1bc\"> </span></span></span>Como <span class=\"__1 _8\"></span>Grupo <span class=\"__1 _8\"></span>que <span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>asa <span class=\"__1 _8\"></span>su <span class=\"__1 _8\"></span>modelo <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>negoc<span class=\"__1 _6\"></span>io <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>capital <span class=\"__1 _8\"></span>n<span class=\"__1 _6\"></span>atural, <span class=\"__1 _8\"></span>ENCE <span class=\"__1 _8\"></span>es <span class=\"__1 _8\"></span>consciente <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>su <span class=\"__1 _8\"></span>exposici\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>a<span class=\"__1 _1bc\"> </span>riesgos <span class=\"__1 _ce\"> </span>derivados <span class=\"__1 _ce\"> </span>del <span class=\"__1 _cd\"> </span>camb<span class=\"__1 _6\"></span>io <span class=\"__1 _ce\"> </span>clim\u00e1tico. <span class=\"__1 _cd\"> </span>Al<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>mismo<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>tie<span class=\"__1 _6\"></span>mpo, <span class=\"__1 _cd\"> </span>E<span class=\"__1 _6\"></span>NCE<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>tambi\u00e9n <span class=\"__1 _ce\"> </span>est\u00e1 <span class=\"__1 _ce\"> </span>convencida<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>de <span class=\"__1 _ce\"> </span>las<span class=\"__1 _1bc\"> </span>oportunidad<span class=\"__1 _6\"></span>es que tra<span class=\"__1 _6\"></span>e consigo <span class=\"__1 _6\"></span>el reto d<span class=\"__1 _6\"></span>e la <span class=\"__1 _6\"></span>descarbonizaci\u00f3n <span class=\"__1 _6\"></span>y la tra<span class=\"__1 _6\"></span>nsici\u00f3n <span class=\"__1 _6\"></span>a un modelo <span class=\"__1 _6\"></span>econ\u00f3mico libr<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span>de combustibles f\u00f3s<span class=\"__1 _6\"></span>iles las incorpora<span class=\"__1 _6\"></span> su estrategia d<span class=\"__1 _6\"></span>e crecimiento. Por  ello, <span class=\"__1 _c6\"> </span>par<span class=\"__1 _6\"></span>a  ENCE <span class=\"__1 _ca\"> </span>resulta  fundamental  el <span class=\"__1 _c6\"> </span>an\u00e1lis<span class=\"__1 _8\"></span>is  de <span class=\"__1 _c6\"> </span>ri<span class=\"__1 _6\"></span>esgos  y  oportunidades  deriv<span class=\"__1 _5\"></span>ados  del  cambio<span class=\"__1 _1bc\"> </span>clim\u00e1tico que pu<span class=\"__1 _6\"></span>eden afectar ta<span class=\"__1 _6\"></span>nto a la compa\u00f1<span class=\"__1 _6\"></span>\u00eda como a s<span class=\"__1 _6\"></span>u cadena de v<span class=\"__1 _6\"></span>alor. Para abord<span class=\"__1 _6\"></span>ar este an\u00e1lisis<span class=\"__1 _6\"></span> de<span class=\"__1 _1bc\"> </span>forma <span class=\"__1 _c8\"></span>sistem\u00e1tica, <span class=\"__1 _c8\"> </span>EN<span class=\"__1 _6\"></span>CE <span class=\"__1 _c8\"> </span>ha <span class=\"__1 _c8\"> </span>adoptad<span class=\"__1 _6\"></span>o <span class=\"__1 _c8\"> </span>las <span class=\"__1 _c8\"> </span>recomendaciones <span class=\"__1 _c8\"> </span>del <span class=\"__1 _c8\"> </span>Task <span class=\"__1 _c6\"> </span>Force <span class=\"__1 _c8\"> </span>on <span class=\"__1 _c8\"> </span>Climate<span class=\"__1 _8\"></span>-related <span class=\"__1 _c8\"></span>Financial<span class=\"__1 _1bc\"> </span>Disclosures (TCFD) del Con<span class=\"__1 _6\"></span>sejo de E<span class=\"__1 _6\"></span>stabilidad Fin<span class=\"__1 _6\"></span>anciera (FSB). El <span class=\"__1 _6\"></span>\u00f3rgano <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>gobierno <span class=\"__1 _6\"></span>encargado<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e la <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>upervisi\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>gesti\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>riesgos <span class=\"__1 _6\"></span>derivados <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>cambio <span class=\"__1 _6\"></span>clim\u00e1tico<span class=\"__1 _1bc\"> </span>es el <span class=\"__1 _70\"></span>Consejo de Administraci\u00f3n de <span class=\"__1 _70\"></span>ENCE quien, a<span class=\"__1 _5\"></span> trav\u00e9s <span class=\"__1 _70\"></span>de su Com<span class=\"__1 _5\"></span>isi\u00f3n de <span class=\"__1 _5\"></span>Auditor\u00eda,<span class=\"__1 _6\"></span> supe<span class=\"__1 _5\"></span>rvisa los <span class=\"__1 _5\"></span>sistemas<span class=\"__1 _1bc\"> </span>de identificaci\u00f3n <span class=\"__1 _70\"></span>y<span class=\"__1 _6\"></span> ge<span class=\"__1 _5\"></span>sti\u00f3n de <span class=\"__1 _70\"></span>esto<span class=\"__1 _6\"></span>s riesgos <span class=\"__1 _70\"></span>y sus <span class=\"__1 _5\"></span>estrategias de <span class=\"__1 _70\"></span>mitigaci\u00f3n, de forma <span class=\"__1 _70\"></span>integr<span class=\"__1 _6\"></span>ada en <span class=\"__1 _5\"></span>el <span class=\"__1 _5\"></span>Sistema<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _4\"></span>Gesti\u00f3n <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>Riesgos<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>compa\u00f1\u00eda. <span class=\"__1 _4\"></span>Es<span class=\"__1 _6\"></span>tos <span class=\"__1 _4\"></span>\u00f3rganos<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>encargan <span class=\"__1 _4\"></span>asimismo <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>super<span class=\"__1 _6\"></span>visar <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>an\u00e1lis<span class=\"__1 _6\"></span>is <span class=\"__1 _4\"></span>de<span class=\"__1 _1bc\"> </span>escenarios <span class=\"__1 _70\"></span>y <span class=\"__1 _70\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>horizontes <span class=\"__1 _5\"></span>temporales <span class=\"__1 _70\"></span>utilizados <span class=\"__1 _70\"></span>en <span class=\"__1 _5\"></span>la <span class=\"__1 _70\"></span>evaluaci\u00f3n<span class=\"__1 _6\"></span>, <span class=\"__1 _70\"></span>as\u00ed <span class=\"__1 _70\"></span>como <span class=\"__1 _70\"></span>la <span class=\"__1 _70\"></span>infor<span class=\"__1 _6\"></span>maci\u00f3n <span class=\"__1 _70\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _70\"></span>ENCE <span class=\"__1 _70\"></span>reporta<span class=\"__1 _1bc\"> </span>al mercado en esta materia. A <span class=\"__1 _70\"></span>nivel <span class=\"__1 _5\"></span>ejecutivo, <span class=\"__1 _5\"></span>es <span class=\"__1 _70\"></span>la Comisi\u00f3n <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>Sos<span class=\"__1 _6\"></span>tenibilidad <span class=\"__1 _5\"></span>quien <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>encarga de <span class=\"__1 _70\"></span>establecer <span class=\"__1 _70\"></span>las metodolog\u00edas <span class=\"__1 _5\"></span>y <span class=\"__1 _70\"></span>acordar<span class=\"__1 _1bc\"> </span>las <span class=\"__1 _c8\"></span>pautas <span class=\"__1 _c8\"></span>para <span class=\"__1 _c8\"></span>el <span class=\"__1 _4\"></span>an<span class=\"__1 _6\"></span>\u00e1lisis<span class=\"__1 _6\"></span>. <span class=\"__1 _c8\"></span>Por <span class=\"__1 _4\"></span>su <span class=\"__1 _c8\"> </span>parte, <span class=\"__1 _c8\"> </span>las <span class=\"__1 _c8\"> </span>\u00e1reas <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>negocio, <span class=\"__1 _c8\"></span>coordinadas<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>por <span class=\"__1 _c8\"></span>la <span class=\"__1 _4\"></span>Direcci\u00f3n <span class=\"__1 _c8\"> </span>General <span class=\"__1 _c8\"> </span>de<span class=\"__1 _1bc\"> </span>Sostenibilidad, <span class=\"__1 _4\"></span>tra<span class=\"__1 _6\"></span>bajan <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>identificaci\u00f3n <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>priorizaci\u00f3n <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>riesgos <span class=\"__1 _4\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>oportunidades <span class=\"__1 _4\"></span>espec\u00edficos <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>la<span class=\"__1 _1bc\"> </span>definici\u00f3n de planes d<span class=\"__1 _6\"></span>e mitigaci\u00f3n, as<span class=\"__1 _6\"></span>\u00ed como en la evaluaci\u00f3n de los<span class=\"__1 _6\"></span> i<span class=\"__1 _6\"></span>mpactos de los riesgos en las variab<span class=\"__1 _6\"></span>les<span class=\"__1 _1bc\"> </span>operativas <span class=\"__1 _c6\"> </span>como <span class=\"__1 _c6\"> </span>b<span class=\"__1 _6\"></span>ase <span class=\"__1 _c6\"> </span>para <span class=\"__1 _c6\"> </span>el <span class=\"__1 _c6\"> </span>c\u00e1lculo <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _c6\"> </span>impacto <span class=\"__1 _c6\"> </span>financ<span class=\"__1 _6\"></span>iero <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>estos<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>riesgos. <span class=\"__1 _c6\"> </span>En <span class=\"__1 _c6\"> </span>fun<span class=\"__1 _6\"></span>ci\u00f3n <span class=\"__1 _c6\"> </span>del <span class=\"__1 _c6\"> </span>impacto<span class=\"__1 _1bc\"> </span>financiero <span class=\"__1 _5\"></span>estimado <span class=\"__1 _5\"></span>y las <span class=\"__1 _70\"></span>medidas<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>mitigaci\u00f3n que <span class=\"__1 _70\"></span>la compa\u00f1\u00eda <span class=\"__1 _5\"></span>ha <span class=\"__1 _5\"></span>definido <span class=\"__1 _5\"></span>para cada <span class=\"__1 _70\"></span>riesgo, <span class=\"__1 _5\"></span>se <span class=\"__1 _5\"></span>determina<span class=\"__1 _1bc\"> </span>la <span class=\"__1 _4\"></span>materialidad <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>mismo, <span class=\"__1 _4\"></span>utilizando <span class=\"__1 _4\"></span>como <span class=\"__1 _4\"></span>umbral <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>referencia <span class=\"__1 _4\"></span>un <span class=\"__1 _4\"></span>impacto <span class=\"__1 _4\"></span>anual <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>entorno <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>10<span class=\"__1 _1bc\"> </span>millones \u20ac en el Grupo. <span class=\"__1 _6\"></span> <span class=\"ff4\"> </span>ENCE <span class=\"__1 _c9\"> </span>ha <span class=\"__1 _cb\"> </span>seleccionado <span class=\"__1 _c9\"> </span>distintos <span class=\"__1 _c9\"> </span>escenarios <span class=\"__1 _c9\"> </span>tanto <span class=\"__1 _cb\"> </span>f\u00edsicos<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>como <span class=\"__1 _c9\"> </span>de <span class=\"__1 _c9\"> </span>transici\u00f3n <span class=\"__1 _cb\"> </span>y<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>diferentes<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>horizo<span class=\"__1 _6\"></span>ntes<span class=\"__1 _1bc\"> </span>temporales para <span class=\"__1 _6\"></span>analizar <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>impacto <span class=\"__1 _6\"></span>de los<span class=\"__1 _6\"></span> ries<span class=\"__1 _6\"></span>gos y<span class=\"__1 _6\"></span> las <span class=\"__1 _6\"></span>oportunid<span class=\"__1 _6\"></span>ades clim\u00e1ticas<span class=\"__1 _6\"></span> en <span class=\"__1 _6\"></span>su mod<span class=\"__1 _6\"></span>elo de n<span class=\"__1 _6\"></span>egocio<span class=\"__1 _1bc\"> </span>(para m\u00e1s detalle so<span class=\"__1 _6\"></span>bre los es<span class=\"__1 _6\"></span>cenarios y horizo<span class=\"__1 _6\"></span>ntes<span class=\"__1 _6\"></span> <span class=\"ff6\">temporales utilizad<span class=\"__1 _6\"></span>os, consu<span class=\"__1 _6\"></span>ltar la secci\u00f3n \u201cAdaptaci\u00f3n<span class=\"__1 _1bc\"> </span></span>al  cambio <span class=\"__1 _cb\"> </span>clim\u00e1tico\u201d <span class=\"__1 _cb\"> </span>del  Estad<span class=\"__1 _6\"></span>o  d<span class=\"__1 _6\"></span>e  Informac<span class=\"__1 _6\"></span>i\u00f3n  No<span class=\"__1 _6\"></span>  Fina<span class=\"__1 _6\"></span>nciera.  Lo<span class=\"__1 _6\"></span>s  ries<span class=\"__1 _6\"></span>gos,  h<span class=\"__1 _6\"></span>ip\u00f3tesis <span class=\"__1 _cb\"> </span>y  estimaciones<span class=\"__1 _1bc\"> </span>relevantes empleadas<span class=\"__1 _6\"></span> por el Grupo s<span class=\"__1 _6\"></span>e describen a continuaci\u00f3n: Entre los r<span class=\"__1 _6\"></span>iesgos f\u00edsicos que En<span class=\"__1 _6\"></span>ce ha identificado se e<span class=\"__1 _6\"></span>ncuentran los siguientes:<span class=\"__1 _1bc\"> </span>Riesgo f\u00edsicos cr\u00f3nicos<span class=\"__1 _1bc\"> </span>Los  principales  riesgos  de <span class=\"__1 _c6\"> </span>es<span class=\"__1 _6\"></span>ta  categor\u00eda <span class=\"__1 _c6\"> </span>q<span class=\"__1 _6\"></span>ue  Ence  ha <span class=\"__1 _c6\"> </span>id<span class=\"__1 _6\"></span>entificado  son  el <span class=\"__1 _ca\"> </span>cambio  en  los  patrones  de<span class=\"__1 _1bc\"> </span>precipitaci\u00f3n <span class=\"__1 _4\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>temperatura <span class=\"__1 _c8\"> </span>que <span class=\"__1 _c8\"></span>pudiera <span class=\"__1 _4\"></span>conllevar <span class=\"__1 _c8\"></span>una <span class=\"__1 _c8\"></span>disminuci\u00f3n <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>la <span class=\"__1 _c8\"> </span>dispon<span class=\"__1 _6\"></span>ibi<span class=\"__1 _6\"></span>lidad <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>la <span class=\"__1 _c8\"></span>madera <span class=\"__1 _4\"></span>y<span class=\"__1 _1bc\"> </span>variabilidad <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>pro<span class=\"__1 _6\"></span>ductividad <span class=\"__1 _6\"></span>de las<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>plantaciones, <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>impacto <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>patrimonio <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>Ence <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>or <span class=\"__1 _6\"></span>reducci\u00f3n <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span>crecimiento de <span class=\"ff9\">E. glo<span class=\"__1 _6\"></span>bulus</span> en el sur de la p<span class=\"__1 _6\"></span>en\u00ednsula, el impacto del cambio clim\u00e1tico en la dis<span class=\"__1 _6\"></span>ponibilidad de<span class=\"__1 _1bc\"> </span>la biomasa <span class=\"__1 _5\"></span>y e<span class=\"__1 _5\"></span>l me<span class=\"__1 _5\"></span>nor rendimiento <span class=\"__1 _5\"></span>de los<span class=\"__1 _5\"></span> equipos <span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>or <span class=\"__1 _5\"></span>aumento de <span class=\"__1 _70\"></span>la temperatura. En <span class=\"__1 _70\"></span>el ejercicio <span class=\"__1 _70\"></span>de an\u00e1lisis<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _c6\"> </span>ries<span class=\"__1 _6\"></span>gos  de <span class=\"__1 _c6\"> </span>2023,  estos <span class=\"__1 _ca\"> </span>riesgos  se <span class=\"__1 _c6\"> </span>han  estudiado <span class=\"__1 _ca\"> </span>en <span class=\"__1 _ca\"> </span>detalle <span class=\"__1 _c6\"> </span>y<span class=\"__1 _6\"></span>, <span class=\"__1 _ca\"> </span>teniendo  en <span class=\"__1 _c6\"> </span>cuent<span class=\"__1 _6\"></span>a <span class=\"__1 _ca\"> </span>las  m<span class=\"__1 _5\"></span>edidas  de<span class=\"__1 _1bc\"> </span>mitigaci\u00f3n en marcha <span class=\"__1 _6\"></span>o previstas,<span class=\"__1 _6\"></span> se han descartad<span class=\"__1 _6\"></span>o como riesgos po<span class=\"__1 _6\"></span>tencialmente materi<span class=\"__1 _6\"></span>ales.<span class=\"__1 _1bc\"> </span>Riesgos f\u00edsicos agu<span class=\"__1 _6\"></span>dos<span class=\"__1 _1bc\"> </span>Los <span class=\"__1 _c8\"> </span>riesgos <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c8\"></span>esta <span class=\"__1 _c8\"> </span>categor\u00eda <span class=\"__1 _c8\"> </span>identificado<span class=\"__1 _6\"></span>s <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c8\"> </span>el <span class=\"__1 _c8\"> </span>an\u00e1lisis<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>riesgos <span class=\"__1 _c8\"> </span>h<span class=\"__1 _6\"></span>an <span class=\"__1 _c8\"> </span>sido <span class=\"__1 _c6\"> </span>el <span class=\"__1 _c8\"></span>menor <span class=\"__1 _c8\"></span>rendimiento <span class=\"__1 _c8\"> </span>del<span class=\"__1 _1bc\"> </span>personal, <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c6\"> </span>afecci\u00f3n <span class=\"__1 _c6\"> </span>a <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c6\"> </span>in<span class=\"__1 _6\"></span>tegridad <span class=\"__1 _c6\"> </span>estructural <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c6\"> </span>las <span class=\"__1 _c6\"> </span>biof\u00e1bricas <span class=\"__1 _c6\"> </span>por <span class=\"__1 _c6\"> </span>inun<span class=\"__1 _6\"></span>daciones, <span class=\"__1 _c8\"> </span>el <span class=\"__1 _c6\"> </span>aumento <span class=\"__1 _ca\"> </span>de <span class=\"__1 _c6\"> </span>la<span class=\"__1 _1bc\"> </span>incidencia de incendios en<span class=\"__1 _6\"></span> el patrimonio forestal de E<span class=\"__1 _6\"></span>nce y la reducci\u00f3n de la dis<span class=\"__1 _6\"></span>ponibilidad de los recurs<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>h\u00eddricos. Tras <span class=\"__1 _5\"></span>el <span class=\"__1 _70\"></span>an<span class=\"__1 _6\"></span>\u00e1lisis, el <span class=\"__1 _70\"></span>\u00fanico de <span class=\"__1 _70\"></span>est<span class=\"__1 _6\"></span>os rie<span class=\"__1 _5\"></span>sgos considerado <span class=\"__1 _5\"></span>como potencialmente <span class=\"__1 _70\"></span>mat<span class=\"__1 _6\"></span>erial e<span class=\"__1 _5\"></span>s e<span class=\"__1 _5\"></span>ste <span class=\"__1 _5\"></span>\u00faltimo. <span class=\"__1 _5\"></span>En 2022<span class=\"__1 _1bc\"> </span>la <span class=\"__1 _cd\"> </span>biof\u00e1b<span class=\"__1 _6\"></span>rica <span class=\"__1 _cd\"> </span>de <span class=\"__1 _ce\"> </span>Pont<span class=\"__1 _6\"></span>evedra <span class=\"__1 _ce\"> </span>se <span class=\"__1 _ce\"> </span>vio <span class=\"__1 _cd\"> </span>temporal<span class=\"__1 _6\"></span>mente <span class=\"__1 _ce\"> </span>expuesta <span class=\"__1 _ce\"> </span>a <span class=\"__1 _ce\"> </span>este <span class=\"__1 _cd\"> </span>riesgo <span class=\"__1 _ce\"> </span>dado<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _cd\"> </span>la <span class=\"__1 _ce\"> </span>falta <span class=\"__1 _ce\"> </span>de<span class=\"__1 _1bc\"> </span>precipitaciones, <span class=\"__1 _6\"></span>unida <span class=\"__1 _8\"></span>a las<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>altas <span class=\"__1 _6\"></span>temperaturas <span class=\"__1 _6\"></span>registrad<span class=\"__1 _6\"></span>as <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>meses <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>erano, <span class=\"__1 _6\"></span>redujeron <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>caudal <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span>r\u00edo <span class=\"__1 _6\"></span>L\u00e9rez, <span class=\"__1 _6\"></span>del q<span class=\"__1 _6\"></span>ue <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>abastece <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>biof\u00e1b<span class=\"__1 _6\"></span>rica. <span class=\"__1 _6\"></span>Para <span class=\"__1 _6\"></span>asegurar <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>caud<span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>ecol\u00f3gico y<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>priorizar <span class=\"__1 _8\"></span>el abas<span class=\"__1 _6\"></span>tecimiento<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>oblaci\u00f3n, <span class=\"__1 _8\"></span>Ence <span class=\"__1 _6\"></span>detuvo <span class=\"__1 _6\"></span>temporalm<span class=\"__1 _6\"></span>ente <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>activ<span class=\"__1 _6\"></span>idad <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>plan<span class=\"__1 _6\"></span>ta, <span class=\"__1 _6\"></span>hasta <span class=\"__1 _8\"></span>que <span class=\"__1 _6\"></span>se <span class=\"__1 _8\"></span>normaliz\u00f3 <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>situaci\u00f3<span class=\"__1 _6\"></span>n<span class=\"__1 _1bc\"> </span>del <span class=\"__1 _c8\"></span>caudal <span class=\"__1 _c8\"> </span>del <span class=\"__1 _c6\"> </span>r\u00edo. <span class=\"__1 _c8\"></span>Al <span class=\"__1 _c8\"></span>tratarse <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"></span>un <span class=\"__1 _c8\"> </span>riesgo <span class=\"__1 _c8\"> </span>potencialmente <span class=\"__1 _c8\"> </span>material, <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c8\"> </span>comp<span class=\"__1 _6\"></span>a\u00f1\u00eda <span class=\"__1 _c8\"> </span>ha <span class=\"__1 _c8\"></span>puesto <span class=\"__1 _c8\"> </span>foco <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c6\"> </span>la<span class=\"__1 _1bc\"> </span>implantaci\u00f3n <span class=\"__1 _6\"></span>de medidas<span class=\"__1 _6\"></span> para <span class=\"__1 _6\"></span>mitigarlo. En<span class=\"__1 _6\"></span> este <span class=\"__1 _6\"></span>sentido, Ence p<span class=\"__1 _6\"></span>uso <span class=\"__1 _6\"></span>en marcha <span class=\"__1 _6\"></span>en 2022 un <span class=\"__1 _6\"></span>proyecto <span class=\"__1 _6\"></span>piloto<span class=\"__1 _1bc\"> </span>para la <span class=\"__1 _70\"></span>recirculaci\u00f3n del <span class=\"__1 _70\"></span>efluen<span class=\"__1 _6\"></span>te <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>la propia <span class=\"__1 _5\"></span>instalaci\u00f3n y <span class=\"__1 _70\"></span>l<span class=\"__1 _6\"></span>a <span class=\"__1 _5\"></span>regeneraci\u00f3n del <span class=\"__1 _70\"></span>agua procedente <span class=\"__1 _5\"></span>del ef<span class=\"__1 _5\"></span>luente<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>EDAR <span class=\"__1 _6\"></span>municipal <span class=\"__1 _6\"></span>pr\u00f3xima <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>lanta. <span class=\"__1 _6\"></span>En <span class=\"__1 _6\"></span>2023, <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>ha <span class=\"__1 _6\"></span>fin<span class=\"__1 _6\"></span>alizado<span class=\"__1 _6\"></span> el <span class=\"__1 _6\"></span>pro<span class=\"__1 _6\"></span>yecto <span class=\"__1 _6\"></span>piloto <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>ha <span class=\"__1 _6\"></span>avan<span class=\"__1 _6\"></span>zado <span class=\"__1 _6\"></span>en<span class=\"__1 _1bc\"> </span>la ingenier\u00eda y el permitting d<span class=\"__1 _6\"></span>el proyecto indus<span class=\"__1 _6\"></span>trial definitivo. La s<span class=\"__1 _6\"></span>oluci\u00f3n propuesta<span class=\"__1 _6\"></span> pasa por someter a los<span class=\"__1 _1bc\"> </span>efluentes d<span class=\"__1 _6\"></span>e la <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>lanta <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>agua <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>efluente <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>EDAR <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>un <span class=\"__1 _6\"></span>tratamiento <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>\u00f3smos<span class=\"__1 _6\"></span>is <span class=\"__1 _6\"></span>inversa par<span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>alcan<span class=\"__1 _6\"></span>zar<span class=\"__1 _1bc\"> </span>una <span class=\"__1 _8\"></span>calidad <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>agua <span class=\"__1 _8\"></span>suficiente <span class=\"__1 _8\"></span>para <span class=\"__1 _8\"></span>incorporarla <span class=\"__1 _8\"></span>al <span class=\"__1 _6\"></span>proceso <span class=\"__1 _8\"></span>indus<span class=\"__1 _6\"></span>trial, <span class=\"__1 _6\"></span>proy<span class=\"__1 _6\"></span>ecto <span class=\"__1 _6\"></span>al <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>se <span class=\"__1 _6\"></span>ha <span class=\"__1 _8\"></span>destinado <span class=\"__1 _8\"></span>en<span class=\"__1 _1bc\"> </span>2023 <span class=\"__1 _6\"></span>un<span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>in<span class=\"__1 _6\"></span>versi\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>15,5 <span class=\"__1 _8\"></span>millones <span class=\"__1 _8\"></span>\u20ac. <span class=\"__1 _6\"></span>Con <span class=\"__1 _8\"></span>esta <span class=\"__1 _8\"></span>soluci\u00f3n, <span class=\"__1 _6\"></span>pionera <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>sector,<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>Ence <span class=\"__1 _8\"></span>conseguir\u00e1 <span class=\"__1 _8\"></span>reducir <span class=\"__1 _6\"></span>la<span class=\"__1 _1bc\"> </span>dependencia <span class=\"__1 _8\"></span>del <span class=\"__1 _6\"></span>agu<span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>r\u00edo <span class=\"__1 _8\"></span>L\u00e9re<span class=\"__1 _6\"></span>z <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>period<span class=\"__1 _6\"></span>os <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>equ\u00eda <span class=\"__1 _8\"></span>o <span class=\"__1 _6\"></span>escas<span class=\"__1 _6\"></span>ez <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>r\u00edo <span class=\"__1 _8\"></span>no <span class=\"__1 _8\"></span>alcance <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>caud<span class=\"__1 _6\"></span>al<span class=\"__1 _1bc\"> </span>necesario <span class=\"__1 _6\"></span>para <span class=\"__1 _8\"></span>suministrar <span class=\"__1 _8\"></span>agua <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>planta<span class=\"__1 _6\"></span>. <span class=\"__1 _6\"></span>Adem\u00e1s <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>este <span class=\"__1 _6\"></span>pro<span class=\"__1 _6\"></span>yecto, <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>2023 <span class=\"__1 _8\"></span>se <span class=\"__1 _6\"></span>ha <span class=\"__1 _8\"></span>instalad<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>una <span class=\"__1 _8\"></span>nueva<span class=\"__1 _1bc\"> </span>planta <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>tratamiento terci<span class=\"__1 _5\"></span>ario <span class=\"__1 _5\"></span>en <span class=\"__1 _70\"></span>la <span class=\"__1 _5\"></span>depuradora <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>la <span class=\"__1 _5\"></span>biof\u00e1brica <span class=\"__1 _5\"></span>que <span class=\"__1 _70\"></span>permite mejorar <span class=\"__1 _70\"></span>la calidad <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _70\"></span>efluente<span class=\"__1 _1bc\"> </span>y <span class=\"__1 _4\"></span>prepararlo <span class=\"__1 _8\"></span>para <span class=\"__1 _4\"></span>su <span class=\"__1 _4\"></span>entrada <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>proceso <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>\u00f3<span class=\"__1 _6\"></span>smosis. <span class=\"__1 _4\"></span>Una <span class=\"__1 _4\"></span>vez <span class=\"__1 _8\"></span>concedidos<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>los <span class=\"__1 _8\"></span>permisos <span class=\"__1 _4\"></span>necesarios <span class=\"__1 _4\"></span>por<span class=\"__1 _1bc\"> </span>parte de la autoridad competente e implantadas las medidas de mitigaci\u00f3n previstas, se estima que el nivel<span class=\"__1 _1bc\"> </span>de materialidad <span class=\"__1 _5\"></span>de e<span class=\"__1 _5\"></span>ste riesgo se <span class=\"__1 _70\"></span>sit\u00fa<span class=\"__1 _6\"></span>e por <span class=\"__1 _70\"></span>debajo del umbra<span class=\"__1 _5\"></span>l e<span class=\"__1 _5\"></span>stablecido. Con estas <span class=\"__1 _5\"></span>medidas de <span class=\"__1 _5\"></span>mitigaci\u00f3n,<span class=\"__1 _1bc\"> </span>el riesgo residual se con<span class=\"__1 _5\"></span>sidera no material. En la biof\u00e1brica <span class=\"__1 _5\"></span>de Navia, Ence tambi\u00e9n <span class=\"__1 _5\"></span>ha dise\u00f1ado medidas de<span class=\"__1 _1bc\"> </span>prevenci\u00f3n <span class=\"__1 _8\"></span>del <span class=\"__1 _6\"></span>riesgo <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>indis<span class=\"__1 _6\"></span>ponibilidad <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>recursos <span class=\"__1 _8\"></span>h\u00ed<span class=\"__1 _6\"></span>dricos <span class=\"__1 _8\"></span>para <span class=\"__1 _8\"></span>reducir <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>u <span class=\"__1 _8\"></span>dependencia <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>fuentes<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>uministro <span class=\"__1 _c8\"> </span>actuales. <span class=\"__1 _c8\"> </span>As\u00ed, <span class=\"__1 _c8\"></span>Ence <span class=\"__1 _c8\"></span>invertir\u00e1 <span class=\"__1 _c8\"></span>en <span class=\"__1 _4\"></span>2024 <span class=\"__1 _c8\"> </span>unos <span class=\"__1 _c8\"> </span>5 <span class=\"__1 _c8\"> </span>Mn\u20ac <span class=\"__1 _c8\"></span>en <span class=\"__1 _c8\"></span>esta <span class=\"__1 _c8\"></span>instalaci\u00f3n <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c8\"></span>la <span class=\"__1 _4\"></span>in<span class=\"__1 _6\"></span>genier\u00eda <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>el<span class=\"__1 _1bc\"> </span>proyecto <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>pr\u00f3ximos <span class=\"__1 _4\"></span>a\u00f1os <span class=\"__1 _4\"></span>se <span class=\"__1 _8\"></span>ap<span class=\"__1 _6\"></span>robar\u00e1n <span class=\"__1 _4\"></span>inversiones <span class=\"__1 _4\"></span>adicionales <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>fin <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>reducir <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>consumo <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>la<span class=\"__1 _1bc\"> </span>planta y asegurar la <span class=\"__1 _6\"></span>disponibilidad d<span class=\"__1 _6\"></span>e agua.<span class=\"__1 _1bc\"> </span>Los <span class=\"__1 _c8\"></span>principales <span class=\"__1 _4\"></span>r<span class=\"__1 _6\"></span>iesgos <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>transici\u00f3n <span class=\"__1 _c8\"> </span>que <span class=\"__1 _c8\"> </span>Enc<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"></span>ha <span class=\"__1 _4\"></span>iden<span class=\"__1 _6\"></span>tificado <span class=\"__1 _c8\"></span>se <span class=\"__1 _c8\"></span>clasifican <span class=\"__1 _c8\"></span>en <span class=\"__1 _c8\"></span>tres <span class=\"__1 _c8\"></span>categor\u00edas: <span class=\"__1 _c8\"> </span>riesgos<span class=\"__1 _1bc\"> </span>regulatorios actuales, ries<span class=\"__1 _6\"></span>gos de m<span class=\"__1 _6\"></span>ercado y riesgos regulatorios futu<span class=\"__1 _6\"></span>ros:<span class=\"__1 _1bc\"> </span>Riesgos por regulaci\u00f3n a<span class=\"__1 _6\"></span>ctual<span class=\"__1 _1bc\"> </span>En <span class=\"__1 _70\"></span>es<span class=\"__1 _6\"></span>ta <span class=\"__1 _70\"></span>categor\u00eda <span class=\"__1 _5\"></span>se <span class=\"__1 _70\"></span>incluy<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>el riesgo <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>incr<span class=\"__1 _6\"></span>emento <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>los <span class=\"__1 _5\"></span>precios <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>los derechos <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>e<span class=\"__1 _6\"></span>misi\u00f3n e<span class=\"__1 _5\"></span>n <span class=\"__1 _70\"></span>el esquema<span class=\"__1 _1bc\"> </span>europeo de comercio de e<span class=\"__1 _6\"></span>misiones (EU<span class=\"__1 _6\"></span>-ETS). Tras el an\u00e1lisis<span class=\"__1 _6\"></span>, este riesgo se ha <span class=\"__1 _6\"></span>considerado potencialmente<span class=\"__1 _1bc\"> </span>material p<span class=\"__1 _6\"></span>ara <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>compa\u00f1\u00eda, <span class=\"__1 _6\"></span>por <span class=\"__1 _6\"></span>lo <span class=\"__1 _6\"></span>q<span class=\"__1 _6\"></span>ue a <span class=\"__1 _8\"></span>contin<span class=\"__1 _6\"></span>uaci\u00f3n s<span class=\"__1 _6\"></span>e d<span class=\"__1 _6\"></span>etalla <span class=\"__1 _6\"></span>su <span class=\"__1 _6\"></span>descripci\u00f3n <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>medidas<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e mitigaci\u00f3n<span class=\"__1 _1bc\"> </span>puestas en march<span class=\"__1 _6\"></span>a por Ence para reducir s<span class=\"__1 _6\"></span>u potencial materialidad<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span>De <span class=\"__1 _6\"></span>manera <span class=\"__1 _8\"></span>directa, <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>aumento<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>costes<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>erivados <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>variaci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>precios <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>dere<span class=\"__1 _6\"></span>chos <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>emisi\u00f3n <span class=\"__1 _8\"></span>en<span class=\"__1 _1bc\"> </span>EU ETS <span class=\"__1 _6\"></span>podr\u00eda <span class=\"__1 _6\"></span>suponer<span class=\"__1 _6\"></span> un <span class=\"__1 _6\"></span>incremento en <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>costes <span class=\"__1 _6\"></span>de adquisici\u00f3n<span class=\"__1 _6\"></span> de <span class=\"__1 _6\"></span>derechos. Pa<span class=\"__1 _6\"></span>ra la <span class=\"__1 _6\"></span>evaluaci\u00f3n <span class=\"__1 _6\"></span>de este<span class=\"__1 _1bc\"> </span>riesgo <span class=\"__1 _8\"></span>se <span class=\"__1 _4\"></span>ha <span class=\"__1 _8\"></span>evaluado <span class=\"__1 _8\"></span>las <span class=\"__1 _4\"></span>instalaciones <span class=\"__1 _8\"></span>incluidas <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>comercio <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>erechos <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>em<span class=\"__1 _5\"></span>isi\u00f3n <span class=\"__1 _4\"></span>(Lucena, <span class=\"__1 _8\"></span>Navia <span class=\"__1 _4\"></span>y<span class=\"__1 _1bc\"> </span>Pontevedra). E<span class=\"__1 _6\"></span>l impacto <span class=\"__1 _6\"></span>se h<span class=\"__1 _6\"></span>a calculado <span class=\"__1 _6\"></span>teniendo en <span class=\"__1 _6\"></span>cuenta <span class=\"__1 _6\"></span>las es<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>maciones <span class=\"__1 _6\"></span>sobre <span class=\"__1 _6\"></span>la evoluci\u00f3n <span class=\"__1 _6\"></span>de precios<span class=\"__1 _1bc\"> </span>y <span class=\"__1 _8\"></span>las <span class=\"__1 _4\"></span>estimaciones <span class=\"__1 _8\"></span>internas<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>Ence <span class=\"__1 _8\"></span>sobre <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>evoluci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>las <span class=\"__1 _8\"></span>emisiones <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>cada <span class=\"__1 _8\"></span>in<span class=\"__1 _6\"></span>stalaci\u00f3n, <span class=\"__1 _4\"></span>teniendo <span class=\"__1 _8\"></span>en<span class=\"__1 _1bc\"> </span>cuenta  el  plan <span class=\"__1 _cb\"> </span>de  descarbonizaci\u00f3n  de  la  compa\u00f1\u00eda. <span class=\"__1 _cb\"> </span>La  estrategia  de  mitigaci\u00f3n  pasa <span class=\"__1 _cb\"> </span>por  establecer<span class=\"__1 _1bc\"> </span>actuaciones <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>reducci\u00f3n <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"></span>emisiones <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c6\"> </span>las <span class=\"__1 _c8\"> </span>in<span class=\"__1 _6\"></span>stalaciones <span class=\"__1 _c8\"> </span>q<span class=\"__1 _6\"></span>ue, <span class=\"__1 _c8\"> </span>junto <span class=\"__1 _c6\"> </span>con <span class=\"__1 _c8\"> </span>las <span class=\"__1 _c6\"> </span>previsiones <span class=\"__1 _c6\"> </span>del <span class=\"__1 _c8\"> </span>nivel <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span>actividad previs<span class=\"__1 _6\"></span>to y la vida \u00fatil de las ins<span class=\"__1 _6\"></span>talaciones arrojan un v<span class=\"__1 _6\"></span>alor de impacto no <span class=\"__1 _8\"></span>material.<span class=\"__1 _1bc\"> </span>De manera indirecta, e<span class=\"__1 _5\"></span>l aumento del coste de lo<span class=\"__1 _5\"></span>s derechos de <span class=\"__1 _5\"></span>emisi\u00f3n p<span class=\"__1 _6\"></span>odr\u00eda suponer una mayor demanda<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _6\"></span>oru<span class=\"__1 _6\"></span>jillo <span class=\"__1 _8\"></span>por <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>arte <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>ementeras <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>otras <span class=\"__1 _8\"></span>industrias <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>necesiten <span class=\"__1 _6\"></span>reducir<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>sus <span class=\"__1 _8\"></span>emisiones. <span class=\"__1 _8\"></span>Este <span class=\"__1 _8\"></span>aumento<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _6\"></span>demanda <span class=\"__1 _8\"></span>podr\u00eda <span class=\"__1 _6\"></span>tra<span class=\"__1 _6\"></span>ducirse <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>aumento <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>precio <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>orujillo <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>una <span class=\"__1 _8\"></span>menor <span class=\"__1 _6\"></span>disp<span class=\"__1 _6\"></span>onibilidad <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>\u00e9ste<span class=\"__1 _1bc\"> </span>para el <span class=\"__1 _70\"></span>con<span class=\"__1 _6\"></span>sumo en <span class=\"__1 _5\"></span>las plantas <span class=\"__1 _5\"></span>de energ\u00eda. <span class=\"__1 _70\"></span>El impacto indirecto se <span class=\"__1 _70\"></span>ha estimado mediante un <span class=\"__1 _5\"></span>an\u00e1lisis interno<span class=\"__1 _1bc\"> </span>con <span class=\"__1 _c8\"></span>las <span class=\"__1 _c8\"></span>previsiones <span class=\"__1 _c8\"> </span>del <span class=\"__1 _c8\"></span>precio <span class=\"__1 _c8\"></span>del <span class=\"__1 _c8\"></span>orujillo <span class=\"__1 _c8\"></span>y <span class=\"__1 _4\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>necesidades <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"></span>las <span class=\"__1 _c8\"></span>principales <span class=\"__1 _c8\"> </span>plantas<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>ependientes <span class=\"__1 _c8\"></span>del<span class=\"__1 _1bc\"> </span>orujillo. <span class=\"__1 _8\"></span>Como <span class=\"__1 _6\"></span>resu<span class=\"__1 _6\"></span>ltado <span class=\"__1 _8\"></span>del <span class=\"__1 _6\"></span>an<span class=\"__1 _6\"></span>\u00e1lisis <span class=\"__1 _8\"></span>se <span class=\"__1 _6\"></span>h<span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>identificado <span class=\"__1 _8\"></span>como <span class=\"__1 _8\"></span>riesgo <span class=\"__1 _8\"></span>potencialmente <span class=\"__1 _8\"></span>relevante, <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>h<span class=\"__1 _6\"></span>echo<span class=\"__1 _1bc\"> </span>se <span class=\"__1 _6\"></span>ha <span class=\"__1 _8\"></span>materializado <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>2023 <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>plan<span class=\"__1 _6\"></span>tas <span class=\"__1 _6\"></span>m\u00e1s <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>ependientes <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>este <span class=\"__1 _6\"></span>combustible <span class=\"__1 _8\"></span>(Enemansa <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>La <span class=\"__1 _6\"></span>Loma).<span class=\"__1 _1bc\"> </span>Como resultado del an<span class=\"__1 _6\"></span>\u00e1lisis se ha identificado co<span class=\"__1 _6\"></span>mo riesgo potencialmente materia<span class=\"__1 _6\"></span>l, y de hecho se ha <span class=\"__1 _6\"></span>vist<span class=\"__1 _6\"></span><span class=\"ls22\">o<span class=\"__1 _1bc\"> </span></span>materializado <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>2023 <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>plantas <span class=\"__1 _4\"></span>m\u00e1s <span class=\"__1 _4\"></span>dependientes <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>este <span class=\"__1 _8\"></span>co<span class=\"__1 _6\"></span>mbustible <span class=\"__1 _4\"></span>(Enemansa <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>La <span class=\"__1 _4\"></span>Loma). <span class=\"__1 _4\"></span>Sin<span class=\"__1 _1bc\"> </span>embargo, la <span class=\"__1 _6\"></span>generaci\u00f3n con<span class=\"__1 _6\"></span> orujillo <span class=\"__1 _6\"></span>en el grup<span class=\"__1 _6\"></span>o es poco <span class=\"__1 _6\"></span>significativa y <span class=\"__1 _6\"></span>las p<span class=\"__1 _6\"></span>lantas que lo utilizan<span class=\"__1 _6\"></span> tienen <span class=\"__1 _6\"></span>una<span class=\"__1 _1bc\"> </span>vida <span class=\"__1 _4\"></span>regulatoria <span class=\"__1 _4\"></span>restante <span class=\"__1 _4\"></span>hasta <span class=\"__1 _4\"></span>2027 <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>dos <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>ellas <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>2031 <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>terc<span class=\"__1 _6\"></span>era. <span class=\"__1 _4\"></span>Adem\u00e1s, <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>valor <span class=\"__1 _4\"></span>conjunto <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>las<span class=\"__1 _1bc\"> </span>instalaciones <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>La <span class=\"__1 _6\"></span>Loma <span class=\"__1 _8\"></span>y <span class=\"__1 _6\"></span>Enemansa <span class=\"__1 _8\"></span>es <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>2,2 <span class=\"__1 _8\"></span>Mn <span class=\"__1 _8\"></span>\u20ac. <span class=\"__1 _6\"></span>Asimismo, <span class=\"__1 _8\"></span>se <span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>tima <span class=\"__1 _6\"></span>que <span class=\"__1 _8\"></span>las <span class=\"__1 _6\"></span>medidas<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>mitigaci\u00f3n<span class=\"__1 _1bc\"> </span>previstas (prin<span class=\"__1 _6\"></span>cipalmente enfocadas a la sustituci\u00f3n d<span class=\"__1 _6\"></span>el orujillo por otros tipos de biomasa<span class=\"__1 _6\"></span> en el su<span class=\"__1 _6\"></span>ministro<span class=\"__1 _1bc\"> </span>a <span class=\"__1 _cb\"> </span>las <span class=\"__1 _cb\"> </span>plantas <span class=\"__1 _cb\"> </span>en <span class=\"__1 _cb\"> </span>los <span class=\"__1 _cb\"> </span>ca<span class=\"__1 _5\"></span>sos <span class=\"__1 _cb\"> </span>en <span class=\"__1 _cb\"> </span>los <span class=\"__1 _cb\"> </span>que  s<span class=\"__1 _6\"></span>ea <span class=\"__1 _cb\"> </span>t\u00e9cnicamente <span class=\"__1 _cb\"> </span>viable <span class=\"__1 _cb\"> </span>y <span class=\"__1 _cb\"> </span>el <span class=\"__1 _cb\"> </span>potencial <span class=\"__1 _cb\"> </span>re<span class=\"__1 _5\"></span>conocimiento <span class=\"__1 _cb\"> </span>de <span class=\"__1 _cb\"> </span>la<span class=\"__1 _1bc\"> </span>Administraci\u00f3n <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>incremento <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>costes <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>retribuci\u00f3n <span class=\"__1 _8\"></span>a <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>operaci\u00f3n <span class=\"__1 _8\"></span>(Ro)) <span class=\"__1 _4\"></span>re<span class=\"__1 _5\"></span>ducir\u00edan<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>este <span class=\"__1 _4\"></span>rie<span class=\"__1 _5\"></span>sgo <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>or<span class=\"__1 _1bc\"> </span>debajo del umbral d<span class=\"__1 _6\"></span>e materialidad <span class=\"__1 _6\"></span>establecido.<span class=\"__1 _1bc\"> </span>Riesgos de mercado<span class=\"__1 _1bc\"> </span>En <span class=\"__1 _c6\"> </span>esta<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>categor\u00eda <span class=\"__1 _ca\"> </span>se <span class=\"__1 _c6\"> </span>incluy<span class=\"__1 _6\"></span>en <span class=\"__1 _c6\"> </span>los <span class=\"__1 _c6\"> </span>riesgos<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>incremento<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>de <span class=\"__1 _ca\"> </span>costes <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c6\"> </span>materias <span class=\"__1 _c6\"> </span>p<span class=\"__1 _6\"></span>rimas <span class=\"__1 _c6\"> </span>(especialment<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span>aquellas <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>lectrointensivas<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>o <span class=\"__1 _4\"></span>incluidas <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _4\"></span>esquema <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>comercio <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>erechos <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>emisi\u00f3n) <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>potencial<span class=\"__1 _1bc\"> </span>encarecimiento de los <span class=\"__1 _70\"></span>cos<span class=\"__1 _6\"></span>tes de <span class=\"__1 _70\"></span>finan<span class=\"__1 _6\"></span>ciaci\u00f3n. Estos riesgos se <span class=\"__1 _5\"></span>han analizado y <span class=\"__1 _5\"></span>considerado no <span class=\"__1 _5\"></span>materiales. El<span class=\"__1 _1bc\"> </span>\u00fanico <span class=\"__1 _4\"></span>riesgo <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>esta <span class=\"__1 _8\"></span>cat<span class=\"__1 _6\"></span>egor\u00eda <span class=\"__1 _8\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _8\"></span>tra<span class=\"__1 _6\"></span>s <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>an\u00e1lisis <span class=\"__1 _4\"></span>se <span class=\"__1 _8\"></span>ha <span class=\"__1 _4\"></span>identificado <span class=\"__1 _8\"></span>como <span class=\"__1 _4\"></span>potencialmente <span class=\"__1 _4\"></span>material <span class=\"__1 _8\"></span>es <span class=\"__1 _4\"></span>el<span class=\"__1 _1bc\"> </span>aumento de la competencia p<span class=\"__1 _6\"></span>or el suministro<span class=\"__1 _6\"></span> de biomasa. Este riesgo est\u00e1 r<span class=\"__1 _6\"></span>elacionado con la n<span class=\"__1 _8\"></span>ecesidad de<span class=\"__1 _1bc\"> </span>la  industria<span class=\"__1 _6\"></span>  de  avanzar  hacia  tecno<span class=\"__1 _6\"></span>log\u00edas  de  baj<span class=\"__1 _6\"></span>a  emisi\u00f3n,  lo  q<span class=\"__1 _6\"></span>ue  puede  suponer  un  au<span class=\"__1 _6\"></span>mento  de  la<span class=\"__1 _1bc\"> </span>competencia <span class=\"__1 _4\"></span>por <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>su<span class=\"__1 _6\"></span>ministro <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>biomasa <span class=\"__1 _c8\"></span>con <span class=\"__1 _4\"></span>otros <span class=\"__1 _4\"></span>actores <span class=\"__1 _4\"></span>tales <span class=\"__1 _4\"></span>como <span class=\"__1 _4\"></span>cementeras<span class=\"__1 _6\"></span>, <span class=\"__1 _4\"></span>productores<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>de<span class=\"__1 _1bc\"> </span>biocombustibles, <span class=\"__1 _8\"></span>etc.<span class=\"ff2_1 fs1_1\"> <span class=\"__1 _8\"></span></span>La<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>estra<span class=\"__1 _6\"></span>tegia <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>mitigaci\u00f3n <span class=\"__1 _8\"></span>prevista <span class=\"__1 _8\"></span>consis<span class=\"__1 _6\"></span>te <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>un <span class=\"__1 _8\"></span>refuerzo <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>red <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>suministro<span class=\"__1 _1bc\"> </span>para au<span class=\"__1 _6\"></span>mentar la <span class=\"__1 _6\"></span>capacidad <span class=\"__1 _6\"></span>de mov<span class=\"__1 _6\"></span>ilizaci\u00f3n de <span class=\"__1 _6\"></span>biomas<span class=\"__1 _6\"></span>a y <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>definici\u00f3n de <span class=\"__1 _6\"></span>una <span class=\"__1 _6\"></span>estrategia <span class=\"__1 _6\"></span>de divers<span class=\"__1 _6\"></span>ificaci\u00f3n<span class=\"__1 _1bc\"> </span>para p<span class=\"__1 _6\"></span>oder utilizar <span class=\"__1 _6\"></span>distintos <span class=\"__1 _6\"></span>tipos d<span class=\"__1 _6\"></span>e biomasa <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>no es<span class=\"__1 _6\"></span>t\u00e9n sometidos <span class=\"__1 _6\"></span>a tan<span class=\"__1 _6\"></span>ta tens<span class=\"__1 _6\"></span>i\u00f3n en <span class=\"__1 _8\"></span>el m<span class=\"__1 _6\"></span>ercado. E<span class=\"__1 _6\"></span>sto,<span class=\"__1 _1bc\"> </span>junto <span class=\"__1 _6\"></span>con <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>potencial <span class=\"__1 _6\"></span>reconocimiento <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>Administra<span class=\"__1 _6\"></span>ci\u00f3n <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>incremento <span class=\"__1 _6\"></span>de cos<span class=\"__1 _6\"></span>tes <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>retribuci\u00f3n <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>la<span class=\"__1 _1bc\"> </span>operaci\u00f3n (Ro) reducir\u00eda <span class=\"__1 _6\"></span>el nivel de materialidad<span class=\"__1 _6\"></span> de este riesgo <span class=\"__1 _6\"></span>por debajo d<span class=\"__1 _6\"></span>el umbral establecido.<span class=\"__1 _1bc\"> </span>Riesgos por nu<span class=\"__1 _6\"></span>eva regulaci\u00f3n<span class=\"__1 _1bc\"> </span>En<span class=\"ls0_1\"> <span class=\"__1 _70\"></span>es<span class=\"__1 _6\"></span>ta <span class=\"__1 _5\"></span>categor\u00eda <span class=\"__1 _5\"></span>se <span class=\"__1 _5\"></span>incluyen <span class=\"__1 _5\"></span>los rie<span class=\"__1 _5\"></span>sgos de <span class=\"__1 _70\"></span>encarecimiento de <span class=\"__1 _70\"></span>los costes <span class=\"__1 _70\"></span>log\u00edstico<span class=\"__1 _6\"></span>s <span class=\"__1 _5\"></span>por <span class=\"__1 _70\"></span>la inclusi\u00f3n <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>ector<span class=\"__1 _1bc\"> </span></span>log\u00edstico mar\u00edtimo en el r\u00e9g<span class=\"__1 _6\"></span>imen de comercio de e<span class=\"__1 _6\"></span>misiones y los<span class=\"__1 _6\"></span> potenciales cambios r<span class=\"__1 _6\"></span>egulatorios (como el<span class=\"__1 _1bc\"> </span>endurecimiento <span class=\"__1 _cb\"> </span>de  los  criter<span class=\"__1 _6\"></span>ios <span class=\"__1 _cb\"> </span>de  sost<span class=\"__1 _6\"></span>enibilidad <span class=\"__1 _cb\"> </span>para  la  biomas<span class=\"__1 _6\"></span>a  en <span class=\"__1 _cb\"> </span>la  nueva <span class=\"__1 _cb\"> </span>directiva <span class=\"__1 _cb\"> </span>de  energ\u00edas<span class=\"__1 _1bc\"> </span>renovables). <span class=\"__1 _6\"></span>Tras<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>an\u00e1lisis <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>potenciales <span class=\"__1 _6\"></span>impacto<span class=\"__1 _6\"></span>s <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>medidas <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>mitigac<span class=\"__1 _6\"></span>i\u00f3n <span class=\"__1 _8\"></span>que <span class=\"__1 _6\"></span>Ence <span class=\"__1 _6\"></span>tiene<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>en<span class=\"__1 _1bc\"> </span>marcha, ninguno d<span class=\"__1 _6\"></span>e estos riesgos se con<span class=\"__1 _6\"></span>sidera potencialmen<span class=\"__1 _6\"></span>te material.<span class=\"__1 _1bc\"> </span>Oportunidad<span class=\"__1 _6\"></span>es<span class=\"__1 _1bc\"> </span>Aun <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>iendo <span class=\"__1 _6\"></span>consciente <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>riesgos, <span class=\"__1 _6\"></span>E<span class=\"__1 _6\"></span>NCE <span class=\"__1 _6\"></span>entiende <span class=\"__1 _6\"></span>qu<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>adapta<span class=\"__1 _6\"></span>ci\u00f3n <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>cambio <span class=\"__1 _8\"></span>clim\u00e1tico, <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>con<span class=\"__1 _6\"></span>creto<span class=\"__1 _1bc\"> </span>la <span class=\"__1 _8\"></span>trans<span class=\"__1 _6\"></span>ici\u00f3n <span class=\"__1 _8\"></span>hacia <span class=\"__1 _4\"></span>una <span class=\"__1 _8\"></span>econom\u00eda <span class=\"__1 _8\"></span>baja <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>emisiones <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>carbono <span class=\"__1 _8\"></span>presenta <span class=\"__1 _4\"></span>m\u00e1s <span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>portunidades <span class=\"__1 _4\"></span>que <span class=\"__1 _8\"></span>riesgos<span class=\"__1 _1bc\"> </span>para  la  compa\u00f1<span class=\"__1 _6\"></span>\u00eda.  Las  principales  op<span class=\"__1 _6\"></span>ortunidades  que  E<span class=\"__1 _6\"></span>NCE  ha <span class=\"__1 _cb\"> </span>identificado  y  en  las  cuales  centra  su<span class=\"__1 _1bc\"> </span>estrategia de crecimiento a<span class=\"__1 _6\"></span> futuro so<span class=\"__1 _6\"></span>n:<span class=\"__1 _1bc\"> </span>\u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4\">Crecimiento <span class=\"__1 _6\"></span>en en<span class=\"__1 _6\"></span>erg\u00edas reno<span class=\"__1 _6\"></span>vables: <span class=\"__1 _6\"></span>el impulso <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>la Uni\u00f3n <span class=\"__1 _6\"></span>Europea <span class=\"__1 _6\"></span>est\u00e1 <span class=\"__1 _6\"></span>ofreciendo al <span class=\"__1 _6\"></span>despliegue de<span class=\"__1 _1bc\"> </span></span></span>las <span class=\"__1 _8\"></span>energ\u00edas <span class=\"__1 _4\"></span>limpias <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _8\"></span>se <span class=\"__1 _4\"></span>traduce <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>objetiv<span class=\"__1 _6\"></span>os <span class=\"__1 _8\"></span>cad<span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>vez <span class=\"__1 _4\"></span>m\u00e1s <span class=\"__1 _8\"></span>ambic<span class=\"__1 _6\"></span>ioso<span class=\"__1 _6\"></span>s <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>generaci\u00f3n <span class=\"__1 _8\"></span>renovable<span class=\"__1 _1bc\"> </span>supone una oportunidad<span class=\"__1 _6\"></span> para <span class=\"__1 _5\"></span>ENCE, por lo que la compa\u00f1\u00eda <span class=\"__1 _5\"></span>ha incluido en su estrategia de <span class=\"__1 _5\"></span>crecimiento<span class=\"__1 _1bc\"> </span>en la generaci\u00f3n de en<span class=\"__1 _6\"></span>erg\u00eda renovab<span class=\"__1 _6\"></span>le.<span class=\"__1 _1bc\"> </span>\u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4\">Descarbo<span class=\"__1 _6\"></span>nizaci\u00f3n <span class=\"__1 _cb\"> </span>de <span class=\"__1 _cb\"> </span>s<span class=\"__1 _6\"></span>ectores <span class=\"__1 _cb\"> </span>poco <span class=\"__1 _c9\"> </span>electrificables: <span class=\"__1 _cb\"> </span>la <span class=\"__1 _cb\"> </span>descarb<span class=\"__1 _6\"></span>onizaci\u00f3n <span class=\"__1 _cb\"> </span>de <span class=\"__1 _cb\"> </span>aq<span class=\"__1 _6\"></span>uellas <span class=\"__1 _cb\"> </span>act<span class=\"__1 _6\"></span>iv<span class=\"__1 _6\"></span>idades <span class=\"__1 _cb\"> </span>o<span class=\"__1 _1bc\"> </span></span></span>sectores <span class=\"__1 _cd\"> </span>que <span class=\"__1 _cd\"> </span>actualmente <span class=\"__1 _cd\"> </span>utilizan <span class=\"__1 _cd\"> </span>combustib<span class=\"__1 _6\"></span>les <span class=\"__1 _cd\"> </span>f\u00f3siles <span class=\"__1 _cd\"> </span>como <span class=\"__1 _c9\"> </span>el <span class=\"__1 _cd\"> </span>gas<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>natural <span class=\"__1 _cd\"> </span>y <span class=\"__1 _cd\"> </span>son <span class=\"__1 _c9\"> </span>d<span class=\"__1 _6\"></span>if\u00edcilmente<span class=\"__1 _1bc\"> </span>electrificables <span class=\"__1 _4\"></span>es <span class=\"__1 _c8\"></span>una <span class=\"__1 _4\"></span>op<span class=\"__1 _6\"></span>ortunidad <span class=\"__1 _c8\"></span>que <span class=\"__1 _4\"></span>Ence <span class=\"__1 _4\"></span>ha <span class=\"__1 _4\"></span>q<span class=\"__1 _6\"></span>uerido <span class=\"__1 _4\"></span>aprovechar <span class=\"__1 _c8\"></span>con <span class=\"__1 _4\"></span>la <span class=\"__1 _c8\"></span>creaci\u00f3n <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>u <span class=\"__1 _4\"></span>filial <span class=\"__1 _4\"></span>Ence<span class=\"__1 _1bc\"> </span>Biog\u00e1s <span class=\"__1 _8\"></span>para <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>roducci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>gas <span class=\"__1 _8\"></span>renovable <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>pued<span class=\"__1 _8\"></span>e <span class=\"__1 _8\"></span>reemplazar <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>estos <span class=\"__1 _8\"></span>combustib<span class=\"__1 _6\"></span>les. <span class=\"__1 _8\"></span>Ence <span class=\"__1 _8\"></span>Biog\u00e1s<span class=\"__1 _1bc\"> </span>tiene <span class=\"__1 _6\"></span>como <span class=\"__1 _8\"></span>objetivo <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>transformaci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>resid<span class=\"__1 _6\"></span>uos <span class=\"__1 _8\"></span>agroganaderos <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>gas <span class=\"__1 _8\"></span>renovable <span class=\"__1 _8\"></span>(biometano) <span class=\"__1 _6\"></span>par<span class=\"__1 _6\"></span>a<span class=\"__1 _1bc\"> </span>su <span class=\"__1 _cb\"> </span>inyecci\u00f3n <span class=\"__1 _cb\"> </span>a <span class=\"__1 _cb\"> </span>la <span class=\"__1 _cb\"> </span>red, <span class=\"__1 _cb\"> </span>lo <span class=\"__1 _cb\"> </span>que <span class=\"__1 _cb\"> </span>permitir\u00e1  av<span class=\"__1 _6\"></span>anzar <span class=\"__1 _cb\"> </span>en <span class=\"__1 _cb\"> </span>la <span class=\"__1 _cb\"> </span>descarboniza<span class=\"__1 _6\"></span>ci\u00f3n <span class=\"__1 _cb\"> </span>de <span class=\"__1 _cb\"> </span>sectores <span class=\"__1 _cb\"> </span>dif\u00edcilmente<span class=\"__1 _1bc\"> </span>electrificables, como ciertas<span class=\"__1 _6\"></span> actividades in<span class=\"__1 _6\"></span>dustriales o el trans<span class=\"__1 _6\"></span>porte pesado<span class=\"__1 _6\"></span> y mar\u00edtimo.<span class=\"__1 _1bc\"> </span>\u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4\">Demanda de <span class=\"__1 _70\"></span>calor industrial <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>baja emisi\u00f3n: <span class=\"__1 _70\"></span>en el <span class=\"__1 _70\"></span>contexto de <span class=\"__1 _70\"></span>la descarbonizaci\u00f3n <span class=\"__1 _70\"></span>de aquellos <span class=\"__1 _70\"></span>sectores<span class=\"__1 _1bc\"> </span></span></span>industriales dif\u00edcilmente <span class=\"__1 _5\"></span>electrificables, <span class=\"__1 _5\"></span>Ence <span class=\"__1 _5\"></span>no s\u00f3lo <span class=\"__1 _70\"></span>q<span class=\"__1 _6\"></span>uiere aprovechar <span class=\"__1 _70\"></span>la op<span class=\"__1 _6\"></span>ortunidad de <span class=\"__1 _70\"></span>la producci\u00f3n<span class=\"__1 _1bc\"> </span>de gas renovab<span class=\"__1 _6\"></span>le, sino tambi\u00e9n la produ<span class=\"__1 _6\"></span>cci\u00f3n de calor industrial de baja <span class=\"__1 _6\"></span>emisi\u00f3n, ya que su experiencia<span class=\"__1 _1bc\"> </span>en <span class=\"__1 _5\"></span>gesti\u00f3n <span class=\"__1 _5\"></span>de instalaciones <span class=\"__1 _5\"></span>de biomasa <span class=\"__1 _70\"></span>la sit\u00faa <span class=\"__1 _70\"></span>en una <span class=\"__1 _5\"></span>posici\u00f3n privilegiada <span class=\"__1 _5\"></span>para <span class=\"__1 _5\"></span>convertirs<span class=\"__1 _6\"></span>e <span class=\"__1 _5\"></span>en <span class=\"__1 _70\"></span>u<span class=\"__1 _6\"></span>n <span class=\"__1 _5\"></span>actor<span class=\"__1 _1bc\"> </span>de  referencia  en  este <span class=\"__1 _cb\"> </span>\u00e1mbito.  A  trav\u00e9s  de  Magnon<span class=\"__1 _6\"></span>  Servicios  Energ\u00e9ticos,  En<span class=\"__1 _6\"></span>ce  ofrece  soluciones<span class=\"__1 _1bc\"> </span>integrales <span class=\"__1 _c6\"> </span>para <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c6\"> </span>descarb<span class=\"__1 _6\"></span>onizaci\u00f3n <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c6\"> </span>industria, <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>esarrollando <span class=\"__1 _c6\"> </span>instalacion<span class=\"__1 _6\"></span>es <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>biomasa <span class=\"__1 _c6\"> </span>p<span class=\"__1 _6\"></span>ara <span class=\"__1 _c6\"> </span>la<span class=\"__1 _1bc\"> </span>sustituci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>calderas <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>combustibles <span class=\"__1 _8\"></span>f\u00f3siles <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>ermitiendo <span class=\"__1 _6\"></span>as\u00ed <span class=\"__1 _8\"></span>a <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>clientes <span class=\"__1 _8\"></span>reducir <span class=\"__1 _6\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>emisiones <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>los<span class=\"__1 _1bc\"> </span>costes vinculad<span class=\"__1 _6\"></span>os a los derechos de emisi\u00f3n. \u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4\">Compensaci\u00f3<span class=\"__1 _6\"></span>n <span class=\"__1 _cb\"> </span>de <span class=\"__1 _c9\"> </span>emisiones<span class=\"__1 _6\"></span>: <span class=\"__1 _cb\"> </span>en <span class=\"__1 _c9\"> </span>l\u00ednea <span class=\"__1 _cb\"> </span>con <span class=\"__1 _c9\"> </span>la <span class=\"__1 _cb\"> </span>hoja <span class=\"__1 _c9\"> </span>de <span class=\"__1 _cb\"> </span>r<span class=\"__1 _6\"></span>uta <span class=\"__1 _c9\"> </span>marcada <span class=\"__1 _cb\"> </span>por <span class=\"__1 _c9\"> </span>Europa, <span class=\"__1 _c9\"> </span>cada <span class=\"__1 _cb\"> </span>vez <span class=\"__1 _c9\"> </span>m\u00e1s<span class=\"__1 _1bc\"> </span></span></span>organizaciones <span class=\"__1 _c1\"> </span>as<span class=\"__1 _6\"></span>umen <span class=\"__1 _c1\"> </span>compromisos <span class=\"__1 _c1\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c1\"> </span>neutralidad <span class=\"__1 _c1\"> </span>en <span class=\"__1 _c1\"> </span>carbon<span class=\"__1 _6\"></span>o <span class=\"__1 _c1\"> </span>que <span class=\"__1 _c1\"> </span>s\u00f3lo <span class=\"__1 _c1\"> </span>podr\u00e1n <span class=\"__1 _c1\"> </span>alcanzar<span class=\"__1 _1bc\"> </span>compensando aqu<span class=\"__1 _6\"></span>ellas emisiones que no han <span class=\"__1 _5\"></span>sido capaces de reducir. En e<span class=\"__1 _5\"></span>ste contexto, como principal<span class=\"__1 _1bc\"> </span>gestor forestal <span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>rivado de <span class=\"__1 _70\"></span>Espa\u00f1a, ENCE tiene <span class=\"__1 _70\"></span>una magn\u00edfica <span class=\"__1 _5\"></span>oportunidad para <span class=\"__1 _70\"></span>des<span class=\"__1 _6\"></span>arrollar <span class=\"__1 _5\"></span>sumideros de<span class=\"__1 _1bc\"> </span>carbono y comercializar estos cr\u00e9<span class=\"__1 _5\"></span>ditos de compensaci\u00f3n. De hecho, en 2022 ENCE ya regis<span class=\"__1 _5\"></span>tr\u00f3 su primer<span class=\"__1 _1bc\"> </span>sumidero en el registro nacional del MITERD y cerr\u00f3 un acuerdo con un clie<span class=\"__1 _5\"></span>nte privado para la venta de<span class=\"__1 _1bc\"> </span>estos derechos. E<span class=\"__1 _6\"></span>n 2023, Ence cuenta co<span class=\"__1 _6\"></span>n casi 50 su<span class=\"__1 _6\"></span>mideros registrados en es<span class=\"__1 _6\"></span>te registro.<span class=\"__1 _1bc\"> </span>\u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4\">CO2 <span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>iog\u00e9nico: <span class=\"__1 _6\"></span>En <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>context<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>descarbon<span class=\"__1 _6\"></span>izaci\u00f3n, <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>CO2 <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>origen <span class=\"__1 _6\"></span>biog\u00e9nico <span class=\"__1 _8\"></span>se <span class=\"__1 _6\"></span>ha <span class=\"__1 _6\"></span>conv<span class=\"__1 _6\"></span>ertido <span class=\"__1 _6\"></span>en<span class=\"__1 _1bc\"> </span></span></span>una materia <span class=\"__1 _5\"></span>prima de <span class=\"__1 _70\"></span>alto inter\u00e9s para, en <span class=\"__1 _70\"></span>combin<span class=\"__1 _6\"></span>aci\u00f3n con <span class=\"__1 _5\"></span>H2 verde, <span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>roducir biocombustibles y <span class=\"__1 _5\"></span>otros<span class=\"__1 _1bc\"> </span>productos  que <span class=\"__1 _c6\"> </span>sustituyen <span class=\"__1 _ca\"> </span>materiales <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>o<span class=\"__1 _6\"></span>rigen <span class=\"__1 _c6\"> </span>f\u00f3sil.  En <span class=\"__1 _c6\"> </span>este <span class=\"__1 _ca\"> </span>sentido, <span class=\"__1 _ca\"> </span>ENCE <span class=\"__1 _c6\"> </span>ta<span class=\"__1 _6\"></span>m<span class=\"__1 _6\"></span>bi\u00e9n  parte <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>una<span class=\"__1 _1bc\"> </span>posici\u00f3n <span class=\"__1 _c8\"> </span>privilegiada <span class=\"__1 _c8\"> </span>para <span class=\"__1 _c8\"> </span>aprovechar <span class=\"__1 _c8\"></span>la <span class=\"__1 _4\"></span>op<span class=\"__1 _6\"></span>ortunidad, <span class=\"__1 _c8\"> </span>ya <span class=\"__1 _4\"></span>que <span class=\"__1 _c8\"> </span>tanto <span class=\"__1 _c8\"> </span>las <span class=\"__1 _c8\"></span>biof\u00e1bricas <span class=\"__1 _c8\"> </span>como <span class=\"__1 _4\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>plantas<span class=\"__1 _1bc\"> </span>independientes de ener<span class=\"__1 _6\"></span>g\u00eda de la compa\u00f1<span class=\"__1 _6\"></span>\u00eda producen gran<span class=\"__1 _6\"></span>des cantidad<span class=\"__1 _6\"></span>es de este CO2 bio<span class=\"__1 _6\"></span>g\u00e9nico al a\u00f1o.<span class=\"__1 _1bc\"> </span>As\u00ed, E<span class=\"__1 _6\"></span>NCE ya <span class=\"__1 _6\"></span>est\u00e1 tra<span class=\"__1 _6\"></span>bajando con <span class=\"__1 _6\"></span>divers<span class=\"__1 _6\"></span>os s<span class=\"__1 _6\"></span>ocios po<span class=\"__1 _6\"></span>tenciales en el <span class=\"__1 _6\"></span>desarrollo <span class=\"__1 _6\"></span>de proyectos<span class=\"__1 _6\"></span> para <span class=\"__1 _6\"></span>utilizar<span class=\"__1 _1bc\"> </span>el CO2 procedente de la b<span class=\"__1 _6\"></span>iomasa en d<span class=\"__1 _6\"></span>istintas aplicaciones<span class=\"__1 _6\"></span>. \u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4\">Produ<span class=\"__1 _6\"></span>ctos <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>celulosa <span class=\"__1 _70\"></span>baj<span class=\"__1 _6\"></span>os <span class=\"__1 _70\"></span>en <span class=\"__1 _70\"></span>carbon<span class=\"__1 _6\"></span>o: <span class=\"__1 _70\"></span>en <span class=\"__1 _70\"></span>el <span class=\"__1 _70\"></span>\u00e1r<span class=\"__1 _6\"></span>ea <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>egocio <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>celulosa, <span class=\"__1 _70\"></span>ENCE tambi\u00e9n <span class=\"__1 _70\"></span>ha <span class=\"__1 _70\"></span>identificado<span class=\"__1 _1bc\"> </span></span></span>interesantes <span class=\"__1 _4\"></span>oportunid<span class=\"__1 _6\"></span>ades <span class=\"__1 _4\"></span>relacionadas <span class=\"__1 _4\"></span>con <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>descarbonizaci\u00f3n <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>mercad<span class=\"__1 _6\"></span>o <span class=\"__1 _4\"></span>papelero. <span class=\"__1 _4\"></span>As\u00ed, <span class=\"__1 _4\"></span>ENCE<span class=\"__1 _1bc\"> </span>trabaja en <span class=\"__1 _5\"></span>el desarrollo <span class=\"__1 _70\"></span>de productos celul\u00f3sicos <span class=\"__1 _70\"></span>b<span class=\"__1 _6\"></span>ajos e <span class=\"__1 _70\"></span>incluso<span class=\"__1 _6\"></span> neutros <span class=\"__1 _70\"></span>en carbono que <span class=\"__1 _70\"></span>pueden ayudar<span class=\"__1 _1bc\"> </span>a sus clientes a<span class=\"__1 _6\"></span> reducir la huella de carbono d<span class=\"__1 _6\"></span>e sus produ<span class=\"__1 _6\"></span>ctos finales. La pasta <span class=\"__1 _8\"></span>no blanqueada de huella<span class=\"__1 _1bc\"> </span>reducida <span class=\"__1 _6\"></span>Nat<span class=\"__1 _6\"></span>urcell <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>u <span class=\"__1 _6\"></span>versi\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>neutra <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>carbono <span class=\"__1 _8\"></span>Naturcell <span class=\"__1 _6\"></span>Zero <span class=\"__1 _8\"></span>son <span class=\"__1 _6\"></span>un<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>claro <span class=\"__1 _6\"></span>eje<span class=\"__1 _6\"></span>mplo <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>c\u00f3mo <span class=\"__1 _8\"></span>ENCE<span class=\"__1 _1bc\"> </span>ha aprovechad<span class=\"__1 _6\"></span>o esta oportunidad. \u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4\">Produ<span class=\"__1 _6\"></span>cci\u00f3n <span class=\"__1 _cb\"> </span>de <span class=\"__1 _cb\"> </span>celulosa <span class=\"__1 _c9\"> </span>mol<span class=\"__1 _5\"></span>deada<span class=\"__1 _6\"></span>: <span class=\"__1 _cb\"> </span>otras <span class=\"__1 _cb\"> </span>\u00e1reas <span class=\"__1 _cb\"> </span>de <span class=\"__1 _cb\"> </span>negocio <span class=\"__1 _c9\"> </span>de <span class=\"__1 _cb\"> </span>celulosa <span class=\"__1 _cb\"> </span>tambi\u00e9n <span class=\"__1 _cb\"> </span>han <span class=\"__1 _c9\"> </span>identificado<span class=\"__1 _1bc\"> </span></span></span>oportunidad<span class=\"__1 _6\"></span>es para sustituir materiales pl\u00e1sticos por celulosa moldeada. En este sentido, en 2023<span class=\"__1 _5\"></span> Ence<span class=\"__1 _1bc\"> </span>ha <span class=\"__1 _c8\"></span>abierto <span class=\"__1 _c8\"></span>una <span class=\"__1 _c8\"></span>l\u00ednea <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>inv<span class=\"__1 _6\"></span>estigaci\u00f3n <span class=\"__1 _4\"></span>p<span class=\"__1 _6\"></span>ara <span class=\"__1 _c8\"></span>la <span class=\"__1 _4\"></span>p<span class=\"__1 _6\"></span>roducci\u00f3n <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>pro<span class=\"__1 _6\"></span>ductos <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"></span>fibra <span class=\"__1 _c8\"></span>moldeada <span class=\"__1 _4\"></span>a <span class=\"__1 _c8\"> </span>par<span class=\"__1 _6\"></span>a <span class=\"__1 _c8\"></span>la<span class=\"__1 _1bc\"> </span>fabricaci\u00f3n de envas<span class=\"__1 _6\"></span>es y bandejas q<span class=\"__1 _6\"></span>ue sust<span class=\"__1 _6\"></span>ituir\u00e1 produ<span class=\"__1 _6\"></span>ctos pl\u00e1sticos basados en combu<span class=\"__1 _6\"></span>stibles f\u00f3siles.<span class=\"__1 _1bc\"> </span>\u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4\">Bioprod<span class=\"__1 _6\"></span>uctos sustitutivos <span class=\"__1 _5\"></span>del pl\u00e1stico: <span class=\"__1 _5\"></span>tambi\u00e9n en <span class=\"__1 _70\"></span>el \u00e1rea <span class=\"__1 _5\"></span>de <span class=\"__1 _5\"></span>negocio de <span class=\"__1 _70\"></span>celulos<span class=\"__1 _6\"></span>a, ENCE <span class=\"__1 _5\"></span>est\u00e1 <span class=\"__1 _5\"></span>explorando<span class=\"__1 _1bc\"> </span></span></span>distintas <span class=\"__1 _c8\"> </span>oportunidades <span class=\"__1 _c8\"> </span>para <span class=\"__1 _c8\"></span>la <span class=\"__1 _4\"></span>par<span class=\"__1 _6\"></span>a <span class=\"__1 _4\"></span>la <span class=\"__1 _c8\"></span>producci\u00f3n <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"></span>materiales <span class=\"__1 _4\"></span>sus<span class=\"__1 _6\"></span>titutivos <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>p<span class=\"__1 _6\"></span>l\u00e1stico <span class=\"__1 _4\"></span>y  de <span class=\"__1 _4\"></span>otros<span class=\"__1 _1bc\"> </span>derivados petroqu\u00edmicos, <span class=\"__1 _5\"></span>por <span class=\"__1 _5\"></span>ejemplo <span class=\"__1 _70\"></span>b<span class=\"__1 _6\"></span>asados en <span class=\"__1 _70\"></span>lignina y <span class=\"__1 _5\"></span>Microfibras de <span class=\"__1 _70\"></span>Celulosa (MFC). <span class=\"__1 _5\"></span>As\u00ed, a <span class=\"__1 _70\"></span>lo largo<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _8\"></span>2023, <span class=\"__1 _8\"></span>ENCE <span class=\"__1 _8\"></span>ha <span class=\"__1 _8\"></span>trabajad<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>ingenier\u00eda <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>proyecto <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>extracci\u00f3n <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>purificaci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>lignina <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la<span class=\"__1 _1bc\"> </span>biof\u00e1brica de <span class=\"__1 _5\"></span>Navia y <span class=\"__1 _5\"></span>en paralelo <span class=\"__1 _70\"></span>h<span class=\"__1 _6\"></span>a establecido contactos con <span class=\"__1 _5\"></span>distintos socios para analiz<span class=\"__1 _5\"></span>ar potenciales<span class=\"__1 _1bc\"> </span>aplicaciones qu\u00edmicas e in<span class=\"__1 _6\"></span>dustriales de este mater<span class=\"__1 _6\"></span>ial. \u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4\">Mejor <span class=\"__1 _6\"></span>adap<span class=\"__1 _6\"></span>taci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>E. <span class=\"__1 _6\"></span>Globulus<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>condiciones <span class=\"__1 _6\"></span>clim\u00e1ticas: <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>modelos <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>cambio <span class=\"__1 _6\"></span>clim\u00e1tico <span class=\"__1 _6\"></span>con<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>los<span class=\"__1 _1bc\"> </span></span></span>que trabaja Ence han determinado que las variaciones en los patrones <span class=\"__1 _5\"></span>de temperatura en el norte <span class=\"__1 _5\"></span>de la<span class=\"__1 _1bc\"> </span>Pen\u00ednsula <span class=\"__1 _4\"></span>har\u00e1n <span class=\"__1 _8\"></span>que <span class=\"__1 _4\"></span>haya <span class=\"__1 _8\"></span>zonas <span class=\"__1 _4\"></span>actualmente <span class=\"__1 _8\"></span>no <span class=\"__1 _8\"></span>viables<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>para <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>cultivo <span class=\"__1 _8\"></span>del <span class=\"__1 _4\"></span>eucalipto <span class=\"__1 _8\"></span>E. <span class=\"__1 _4\"></span>Globulus <span class=\"__1 _8\"></span>que<span class=\"__1 _1bc\"> </span>pasar\u00e1n <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>ser <span class=\"__1 _8\"></span>v<span class=\"__1 _6\"></span>iables <span class=\"__1 _4\"></span>porque <span class=\"__1 _8\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>temperatu<span class=\"__1 _6\"></span>ras <span class=\"__1 _4\"></span>ya <span class=\"__1 _4\"></span>no <span class=\"__1 _8\"></span>ser\u00e1n <span class=\"__1 _4\"></span>demasiado <span class=\"__1 _4\"></span>bajas <span class=\"__1 _4\"></span>para <span class=\"__1 _4\"></span>su <span class=\"__1 _8\"></span>des<span class=\"__1 _8\"></span>arrollo. <span class=\"__1 _4\"></span>Esto<span class=\"__1 _1bc\"> </span>supondr\u00eda  una  o<span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>ortunidad  para <span class=\"__1 _c6\"> </span>Ence,  ya <span class=\"__1 _c6\"> </span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _c6\"> </span>con<span class=\"__1 _6\"></span>llevar\u00eda  un <span class=\"__1 _c6\"> </span>au<span class=\"__1 _6\"></span>mento <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c6\"> </span>la  productivid<span class=\"__1 _6\"></span>ad  de <span class=\"__1 _c6\"> </span>las<span class=\"__1 _1bc\"> </span>plantaciones <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span>tas <span class=\"__1 _8\"></span>zonas<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>y, <span class=\"__1 _8\"></span>por <span class=\"__1 _8\"></span>ende, <span class=\"__1 _8\"></span>un <span class=\"__1 _8\"></span>au<span class=\"__1 _6\"></span>mento <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>disponibilidad<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>madera <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>esta<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>especie<span class=\"__1 _1bc\"> </span>para las biof\u00e1b<span class=\"__1 _6\"></span>ricas. \u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4\">Comercializaci\u00f3n<span class=\"__1 _6\"></span>  de <span class=\"__1 _c6\"> </span>biomas<span class=\"__1 _6\"></span>a:  A <span class=\"__1 _ca\"> </span>trav\u00e9s  de <span class=\"__1 _c6\"> </span>E<span class=\"__1 _6\"></span>nce  Biom<span class=\"__1 _5\"></span>asa,  Ence <span class=\"__1 _ca\"> </span>pone  a <span class=\"__1 _c6\"> </span>disposici\u00f3n  de  sus <span class=\"__1 _c6\"> </span>clientes<span class=\"__1 _1bc\"> </span></span></span>biomasa <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>ara <span class=\"__1 _6\"></span>abastecer <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>demanda <span class=\"__1 _6\"></span>creciente <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>calor <span class=\"__1 _6\"></span>renovable, <span class=\"__1 _8\"></span>biocombustibles <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>otros <span class=\"__1 _6\"></span>usos. <span class=\"__1 _6\"></span>Dado<span class=\"__1 _1bc\"> </span>que <span class=\"__1 _c6\"> </span>En<span class=\"__1 _6\"></span>ce <span class=\"__1 _c6\"> </span>es <span class=\"__1 _c6\"> </span>u<span class=\"__1 _6\"></span>no <span class=\"__1 _c6\"> </span>de<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>los  mayores <span class=\"__1 _c6\"> </span>gestores <span class=\"__1 _ca\"> </span>de <span class=\"__1 _c6\"> </span>bio<span class=\"__1 _6\"></span>masa <span class=\"__1 _ca\"> </span>agroforestal <span class=\"__1 _c6\"> </span>en<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>Es<span class=\"__1 _6\"></span>pa\u00f1a; <span class=\"__1 _c6\"> </span>s<span class=\"__1 _6\"></span>u <span class=\"__1 _c6\"> </span>cono<span class=\"__1 _6\"></span>cimien<span class=\"__1 _6\"></span>to  y<span class=\"__1 _1bc\"> </span>capilaridad <span class=\"__1 _5\"></span>en <span class=\"__1 _70\"></span>el <span class=\"__1 _70\"></span>territo<span class=\"__1 _6\"></span>rio <span class=\"__1 _70\"></span>para adquirir <span class=\"__1 _70\"></span>biomasa <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>uponen <span class=\"__1 _5\"></span>una <span class=\"__1 _70\"></span>ventaja<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>competitiva para <span class=\"__1 _70\"></span>aprovechar <span class=\"__1 _70\"></span>esta<span class=\"__1 _1bc\"> </span>oportunidad<span class=\"__1 _6\"></span>. En <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>elaboraci\u00f3n <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>stas <span class=\"__1 _4\"></span>cuentas <span class=\"__1 _8\"></span>an<span class=\"__1 _6\"></span>uales <span class=\"__1 _4\"></span>consolidadas <span class=\"__1 _8\"></span>se <span class=\"__1 _4\"></span>han <span class=\"__1 _4\"></span>considerado <span class=\"__1 _8\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>riesgos <span class=\"__1 _8\"></span>y <span class=\"__1 _4\"></span>oportunidades<span class=\"__1 _1bc\"> </span>descritos anteriormente, princ<span class=\"__1 _6\"></span>ipalmente, en las estimaciones de la vida \u00fatil de los activos (v\u00e9anse notas 3.2<span class=\"__1 _1bc\"> </span>y <span class=\"__1 _8\"></span>3.3), <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>compromisos <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>inv<span class=\"__1 _6\"></span>ersi\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>(v<span class=\"__1 _6\"></span>\u00e9anse <span class=\"__1 _8\"></span>notas <span class=\"__1 _6\"></span>16 <span class=\"__1 _8\"></span>y <span class=\"__1 _6\"></span>18)<span class=\"__1 _6\"></span>, <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>evaluaci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>otenciales <span class=\"__1 _6\"></span>costes<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span>cierre <span class=\"__1 _5\"></span>de instalaciones (v\u00e9ase nota <span class=\"__1 _5\"></span>31) y <span class=\"__1 _70\"></span>en el <span class=\"__1 _5\"></span>an\u00e1lisis del deterioro de <span class=\"__1 _70\"></span>los<span class=\"__1 _6\"></span> activos <span class=\"__1 _5\"></span>no financieros (v\u00e9ase <span class=\"__1 _5\"></span>nota<span class=\"__1 _1bc\"> </span>19)<span class=\"ls0_1\">, as\u00ed como en los<span class=\"__1 _6\"></span> an\u00e1lisis de sens<span class=\"__1 _6\"></span>ibilidad realizados<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span></span>22.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Retribuci\u00f3n al accionista y propuesta de distribuci\u00f3n del resultado <span class=\"__1 _5\"></span>de la Sociedad<span class=\"__1 _1bc\"> </span></span></span>Dominante<span class=\"__1 _1bc\"> </span>22.1<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Retri<span class=\"__1 _6\"></span>buci\u00f3n al a<span class=\"__1 _70\"></span>c<span class=\"__1 _6\"></span>cionista<span class=\"__1 _1bc\"> </span></span></span>El <span class=\"__1 _70\"></span>28 <span class=\"__1 _5\"></span>de <span class=\"__1 _5\"></span>febrero <span class=\"__1 _70\"></span>de 2022, <span class=\"__1 _70\"></span>el <span class=\"__1 _70\"></span>Co<span class=\"__1 _6\"></span>nsejo <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>Administraci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>ENCE aprob\u00f3 <span class=\"__1 _70\"></span>una <span class=\"__1 _5\"></span>nueva <span class=\"__1 _5\"></span>Pol\u00edtica <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>Remuneraci\u00f3n<span class=\"__1 _1bc\"> </span>al Accionista aplicable a partir <span class=\"__1 _5\"></span>de ese ejercicio con <span class=\"__1 _5\"></span>la finalidad de establecer, dentro del <span class=\"__1 _5\"></span>marco de la Ley, <span class=\"__1 _5\"></span>los<span class=\"__1 _1bc\"> </span>Estatutos <span class=\"__1 _8\"></span>Sociales <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>las <span class=\"__1 _6\"></span>recomendacion<span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>uen <span class=\"__1 _6\"></span>go<span class=\"__1 _6\"></span>bierno<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>corpo<span class=\"__1 _6\"></span>rativo, <span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>nos <span class=\"__1 _6\"></span>criterios<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>retribuci\u00f3n <span class=\"__1 _8\"></span>que<span class=\"__1 _1bc\"> </span>permitan <span class=\"__1 _8\"></span>ligar <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>resu<span class=\"__1 _6\"></span>ltado <span class=\"__1 _8\"></span>econ\u00f3mico <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>la<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>Sociedad <span class=\"__1 _8\"></span>con <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>remuneraci\u00f3n <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>percibir <span class=\"__1 _8\"></span>por <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>accionistas <span class=\"__1 _8\"></span>y<span class=\"__1 _1bc\"> </span>que respondan<span class=\"__1 _6\"></span> a principios de sostenib<span class=\"__1 _6\"></span>ilidad, rentabilidad y prud<span class=\"__1 _6\"></span>encia financiera.<span class=\"__1 _1bc\"> </span>A tal <span class=\"__1 _70\"></span>fin, se estima <span class=\"__1 _70\"></span>q<span class=\"__1 _6\"></span>ue los <span class=\"__1 _70\"></span>criterios que deben <span class=\"__1 _70\"></span>de marcar, como <span class=\"__1 _70\"></span>directric<span class=\"__1 _6\"></span>es principales, la <span class=\"__1 _70\"></span>Pol\u00edtica, deben <span class=\"__1 _5\"></span>ser<span class=\"__1 _1bc\"> </span>la <span class=\"__1 _4\"></span>generaci\u00f3n <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>caja <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>ENC<span class=\"__1 _6\"></span>E <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>sus <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>ociedades <span class=\"__1 _4\"></span>dependientes, <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>mantener <span class=\"__1 _4\"></span>u<span class=\"__1 _6\"></span>n <span class=\"__1 _4\"></span>nivel <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>endeudami<span class=\"__1 _6\"></span>ento<span class=\"__1 _1bc\"> </span>prudente <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>ara <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>tipo <span class=\"__1 _8\"></span>de actividad <span class=\"__1 _8\"></span>que <span class=\"__1 _6\"></span>desarrolla <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>Grup<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>cumplimiento <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>su<span class=\"__1 _6\"></span>s <span class=\"__1 _6\"></span>obligaciones <span class=\"__1 _6\"></span>legales <span class=\"__1 _8\"></span>y<span class=\"__1 _1bc\"> </span>contractuales.<span class=\"__1 _1bc\"> </span>En <span class=\"__1 _6\"></span>este <span class=\"__1 _6\"></span>sentido, <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>remuneraci\u00f3n <span class=\"__1 _6\"></span>an<span class=\"__1 _6\"></span>ual <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>accionista <span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>endr\u00e1 determinada <span class=\"__1 _8\"></span>por <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>caja <span class=\"__1 _6\"></span>disponib<span class=\"__1 _6\"></span>le a <span class=\"__1 _6\"></span>dis<span class=\"__1 _6\"></span>tribuir<span class=\"__1 _1bc\"> </span>asegurando <span class=\"__1 _8\"></span>un <span class=\"__1 _6\"></span>nivel <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>endeud<span class=\"__1 _6\"></span>amiento <span class=\"__1 _6\"></span>financiero <span class=\"__1 _6\"></span>ad<span class=\"__1 _6\"></span>ecuado <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e, <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>referencia, <span class=\"__1 _6\"></span>2,5 <span class=\"__1 _8\"></span>v<span class=\"__1 _6\"></span>eces <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>negocio<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _c6\"> </span>Celulosa <span class=\"__1 _c6\"> </span>y <span class=\"__1 _c6\"> </span>5 <span class=\"__1 _c6\"> </span>v<span class=\"__1 _6\"></span>eces <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c6\"> </span>el  negocio <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>En<span class=\"__1 _6\"></span>erg\u00eda, <span class=\"__1 _c6\"> </span>el <span class=\"__1 _c6\"> </span>result<span class=\"__1 _6\"></span>ado <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>las <span class=\"__1 _c6\"> </span>operacion<span class=\"__1 _6\"></span>es <span class=\"__1 _c6\"> </span>antes <span class=\"__1 _ca\"> </span>de <span class=\"__1 _c6\"> </span>financieros,<span class=\"__1 _1bc\"> </span>amortizaciones <span class=\"__1 _cb\"> </span>e <span class=\"__1 _cb\"> </span>i<span class=\"__1 _6\"></span>mpuestos <span class=\"__1 _cb\"> </span>(E<span class=\"__1 _6\"></span>BITDA), <span class=\"__1 _cb\"> </span>utilizand<span class=\"__1 _6\"></span>o <span class=\"__1 _cb\"> </span>precios <span class=\"__1 _cb\"> </span>medios <span class=\"__1 _cb\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _cb\"> </span>ciclo, <span class=\"__1 _cb\"> </span>y <span class=\"__1 _c9\"> </span>teniendo <span class=\"__1 _cb\"> </span>en <span class=\"__1 _cb\"> </span>cuenta<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>los<span class=\"__1 _1bc\"> </span>compromisos y p<span class=\"__1 _6\"></span>lanes de inversi\u00f3n.<span class=\"__1 _1bc\"> </span>Co<span class=\"ls0_1\">n <span class=\"__1 _8\"></span>el <span class=\"__1 _4\"></span>objetivo <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>ajustar <span class=\"__1 _4\"></span>la<span class=\"__1 _5\"></span> <span class=\"__1 _8\"></span>remuneraci\u00f3n <span class=\"__1 _8\"></span>a <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>efectiva <span class=\"__1 _8\"></span>generaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>caja <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>Sociedad, <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>prop<span class=\"__1 _8\"></span>uso <span class=\"__1 _4\"></span>el<span class=\"__1 _1bc\"> </span></span>siguiente <span class=\"__1 _c6\"> </span>calendar<span class=\"__1 _6\"></span>io <span class=\"__1 _c6\"> </span>para  el <span class=\"__1 _c8\"></span>abono  de <span class=\"__1 _c8\"> </span>dividendos<span class=\"__1 _6\"></span>: <span class=\"__1 _c6\"> </span>(i) <span class=\"__1 _c6\"> </span>dos <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>ividendos <span class=\"__1 _c6\"> </span>a  cuenta <span class=\"__1 _c8\"> </span>acord<span class=\"__1 _6\"></span>ados <span class=\"__1 _c6\"> </span>al <span class=\"__1 _ca\"> </span>cierre <span class=\"__1 _c6\"> </span>del<span class=\"__1 _1bc\"> </span>segundo <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>tercer <span class=\"__1 _4\"></span>trimestre <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>cada <span class=\"__1 _4\"></span>ejercicio, <span class=\"__1 _4\"></span>esto<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>s <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>me<span class=\"__1 _5\"></span>ses <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>julio <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>ctubre; <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>(ii) <span class=\"__1 _8\"></span>un <span class=\"__1 _4\"></span>dividendo<span class=\"__1 _1bc\"> </span>complementario <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>ropondr\u00e1 <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>Junta <span class=\"__1 _8\"></span>General <span class=\"__1 _8\"></span>Ordinar<span class=\"__1 _6\"></span>ia <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>Accionistas <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>Sociedad<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>fecha<span class=\"__1 _1bc\"> </span>que se convoq<span class=\"__1 _6\"></span>ue dentro del primer semestre de cada <span class=\"__1 _6\"></span>ejercicio.<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _4\"></span>Consejo <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>Administraci\u00f3n <span class=\"__1 _4\"></span>podr\u00e1 <span class=\"__1 _4\"></span>proponer <span class=\"__1 _4\"></span>aquellas <span class=\"__1 _4\"></span>modalidades <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>remuneraci\u00f3n <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>accionista <span class=\"__1 _4\"></span>que<span class=\"__1 _1bc\"> </span>resulten <span class=\"__1 _c9\"> </span>m\u00e1s <span class=\"__1 _c9\"> </span>acordes <span class=\"__1 _c9\"> </span>en <span class=\"__1 _c9\"> </span>cada <span class=\"__1 _c9\"> </span>momento, <span class=\"__1 _c9\"> </span>incluyend<span class=\"__1 _6\"></span>o <span class=\"__1 _c9\"> </span>programas <span class=\"__1 _c9\"> </span>de <span class=\"__1 _c9\"> </span>recompra <span class=\"__1 _c9\"> </span>de <span class=\"__1 _c9\"> </span>acciones <span class=\"__1 _c9\"> </span>para <span class=\"__1 _c9\"> </span>su<span class=\"__1 _1bc\"> </span>amortizaci\u00f3n, sis<span class=\"__1 _6\"></span>tema de retribuci\u00f3n flexible, as<span class=\"__1 _6\"></span>\u00ed como distribu<span class=\"__1 _6\"></span>ciones en especie<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span>22.2<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Dividendos pagados<span class=\"__1 _1bc\"> </span></span></span>El Cons<span class=\"__1 _6\"></span>ejo de <span class=\"__1 _6\"></span>Administraci\u00f3n<span class=\"__1 _6\"></span> de <span class=\"__1 _6\"></span>la Soci<span class=\"__1 _6\"></span>edad Domina<span class=\"__1 _6\"></span>nte a<span class=\"__1 _6\"></span>cord\u00f3 <span class=\"__1 _6\"></span>durante <span class=\"__1 _6\"></span>el a\u00f1o<span class=\"__1 _6\"></span> 2022 <span class=\"__1 _6\"></span>el p<span class=\"__1 _6\"></span>ago en <span class=\"__1 _6\"></span>efectivo <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span>tres <span class=\"__1 _c6\"> </span>dividendos<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>a <span class=\"__1 _c6\"> </span>cuenta <span class=\"__1 _c6\"> </span>del <span class=\"__1 _c6\"> </span>resultad<span class=\"__1 _6\"></span>o <span class=\"__1 _c6\"> </span>del <span class=\"__1 _c6\"> </span>ejercicio <span class=\"__1 _c6\"> </span>2022<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>por <span class=\"__1 _c6\"> </span>un <span class=\"__1 _c6\"> </span>importe <span class=\"__1 _c6\"> </span>agregado <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>e  <span>0,274</span> <span class=\"__1 _c6\"> </span><span class=\"ff6\">\u20ac/acci\u00f3n</span><span class=\"ls59\">,<span class=\"__1 _1bc\"> </span></span>equivalente a 66,6 millon<span class=\"__1 _6\"></span>es \u20ac<span class=\"ff4\">.<span class=\"__1 _1bc\"> </span></span>En <span class=\"__1 _6\"></span>febrero <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>2023 <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>Consejo <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>Administraci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>Soc<span class=\"__1 _6\"></span>iedad <span class=\"__1 _6\"></span>Domina<span class=\"__1 _6\"></span>nte <span class=\"__1 _6\"></span>acord\u00f3<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>pago <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>efectivo <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span>un <span class=\"__1 _c8\"> </span>cuarto <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>ividendo <span class=\"__1 _c8\"></span>a <span class=\"__1 _c8\"></span>cuenta <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _c8\"></span>resultado <span class=\"__1 _c8\"> </span>del <span class=\"__1 _c8\"> </span>ejercicio <span class=\"__1 _c8\"> </span>2022 <span class=\"__1 _c8\"> </span>por <span class=\"__1 _c8\"> </span>un<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>importe <span class=\"__1 _c6\"> </span><span>0,29</span> <span class=\"__1 _c8\"> </span><span class=\"ff6\">\u20ac/acci\u00f3n</span>, <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c8\"> </span>Jun<span class=\"__1 _6\"></span>ta<span class=\"__1 _1bc\"> </span>General Ordinaria <span class=\"__1 _6\"></span>de Ac<span class=\"__1 _6\"></span>cionistas <span class=\"__1 _6\"></span>de la <span class=\"__1 _6\"></span>Sociedad <span class=\"__1 _6\"></span>Dominante <span class=\"__1 _8\"></span>de fecha 5 <span class=\"__1 _6\"></span>de may<span class=\"__1 _6\"></span>o de <span class=\"__1 _6\"></span>2023 ap<span class=\"__1 _6\"></span>rob\u00f3 el <span class=\"__1 _6\"></span>pago <span class=\"__1 _6\"></span>en<span class=\"__1 _1bc\"> </span>efectivo <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>u<span class=\"__1 _6\"></span>n <span class=\"__1 _c8\"></span>dividendo <span class=\"__1 _c8\"></span>complementario <span class=\"__1 _4\"></span>por <span class=\"__1 _c8\"> </span>importe <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"></span><span>0,29</span> <span class=\"__1 _c8\"></span>euros <span class=\"__1 _c8\"></span>brutos <span class=\"__1 _c8\"></span>por<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>acci\u00f3n <span class=\"__1 _c8\"> </span>con <span class=\"__1 _c8\"> </span>cargo <span class=\"__1 _c8\"> </span><span class=\"ls21\">a <span class=\"__1 _c8\"> </span></span>los<span class=\"__1 _1bc\"> </span>resultados <span class=\"__1 _c8\"> </span>del <span class=\"__1 _c8\"></span>ejercicio <span class=\"__1 _c8\"></span><span class=\"ls12\">2022<span class=\"ls6c\">. <span class=\"__1 _4\"></span></span></span>Ambos <span class=\"__1 _c8\"> </span>acuerdos<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>resultan <span class=\"__1 _4\"></span>en <span class=\"__1 _c8\"> </span>el <span class=\"__1 _c8\"></span>pago <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"></span>dividendos <span class=\"__1 _c8\"></span>por <span class=\"__1 _4\"></span>importe <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>140,6<span class=\"__1 _1bc\"> </span>millones \u20ac en el ejercicio 202<span class=\"__1 _6\"></span>3.<span class=\"__1 _1bc\"> </span>La <span class=\"__1 _8\"></span>informaci\u00f3n <span class=\"__1 _8\"></span>relativa <span class=\"__1 _8\"></span>al <span class=\"__1 _4\"></span>estado <span class=\"__1 _8\"></span>contable <span class=\"__1 _8\"></span>previsional <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>liquid<span class=\"__1 _6\"></span>ez <span class=\"__1 _8\"></span>elaborado <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>acuerdo <span class=\"__1 _8\"></span>con <span class=\"__1 _8\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>re<span class=\"__1 _6\"></span>quisitos<span class=\"__1 _1bc\"> </span>legales es<span class=\"__1 _6\"></span>tablecidos <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>art\u00edculo <span class=\"__1 _6\"></span>277 <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>Texto Refund<span class=\"__1 _6\"></span>ido <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>Ley <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>Sociedades <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>Capital, <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>que se<span class=\"__1 _1bc\"> </span>pone <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>manifiesto <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>existencia <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>liquidez <span class=\"__1 _8\"></span>suficiente <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>En<span class=\"__1 _6\"></span>ce <span class=\"__1 _6\"></span>Energ\u00eda <span class=\"__1 _6\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>Celulos<span class=\"__1 _6\"></span>a, <span class=\"__1 _6\"></span>S.A. <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>ara <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>distribu<span class=\"__1 _6\"></span>ci\u00f3n<span class=\"__1 _1bc\"> </span>de dichos div<span class=\"__1 _6\"></span>idendos se recoge en la<span class=\"__1 _6\"></span>s cuentas a<span class=\"__1 _6\"></span>nuales individuales de Ence E<span class=\"__1 _6\"></span>nerg\u00eda y Celulosa, S.A.<span class=\"__1 _1bc\"> </span>22.3<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Propuesta de distribuci\u00f3n <span class=\"__1 _70\"></span>del r<span class=\"__1 _6\"></span>esultado<span class=\"__1 _5\"></span> de la Socieda<span class=\"__1 _5\"></span>d </span></span>Dominante El <span class=\"__1 _6\"></span>resultado <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>Ence <span class=\"__1 _6\"></span>En<span class=\"__1 _6\"></span>erg\u00eda y<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>Celulosa, <span class=\"__1 _6\"></span>S.A. <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>t\u00edtulo <span class=\"__1 _6\"></span>individ<span class=\"__1 _6\"></span>ual <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el ej<span class=\"__1 _6\"></span>ercicio <span class=\"__1 _6\"></span>2023 <span class=\"__1 _6\"></span>ha <span class=\"__1 _6\"></span>si<span class=\"__1 _6\"></span>do <span class=\"__1 _6\"></span>una <span class=\"__1 _6\"></span>p\u00e9rdida <span class=\"__1 _8\"></span>por importe <span class=\"__1 _c6\"> </span><span class=\"ff6\">de <span class=\"__1 _c6\"> </span>34.455 <span class=\"__1 _c6\"> </span>miles <span class=\"__1 _c6\"> </span>\u20ac. <span class=\"__1 _c6\"> </span>En <span class=\"__1 _c6\"> </span>este <span class=\"__1 _c6\"> </span>sentido, <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c6\"> </span>propuesta <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>distribuci\u00f3n <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>resultados <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c6\"> </span>Sociedad </span>Dominante  efectuada  por  sus  Administra<span class=\"__1 _6\"></span>dores  y  que  se  someter\u00e1 <span class=\"__1 _ca\"> </span>a  aprobaci\u00f3n  por  la  Junta  General Ordinaria  de <span class=\"__1 _c6\"> </span>Accionistas  consiste  e<span class=\"__1 _5\"></span>n  destinar <span class=\"__1 _c6\"> </span>la  misma <span class=\"__1 _c6\"> </span>al  ep\u00edgraf<span class=\"ff6\">e  \u201cResultados <span class=\"__1 _ca\"> </span>negativos  de <span class=\"__1 _c6\"> </span>ejercicios </span>anteriores\u201d. <span class=\"ff4\"> </span>35.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Medio Ambiente<span class=\"__1 _1bc\"> </span></span></span>El <span class=\"__1 _ca\"> </span>respeto  al <span class=\"__1 _c6\"> </span>medioambiente  es <span class=\"__1 _c6\"> </span>inherente  al <span class=\"__1 _c6\"> </span>prop\u00f3s<span class=\"__1 _6\"></span>ito <span class=\"__1 _ca\"> </span>de <span class=\"__1 _c6\"> </span>Ence  y <span class=\"__1 _c6\"> </span>forma  parte <span class=\"__1 _c6\"> </span>de  los <span class=\"__1 _c6\"> </span>compromisos<span class=\"__1 _6\"></span> <span class=\"__1 _ca\"> </span>y<span class=\"__1 _1bc\"> </span>principios de <span class=\"__1 _70\"></span>actuaci\u00f3n establecidos <span class=\"__1 _5\"></span>en <span class=\"__1 _5\"></span>el <span class=\"__1 _5\"></span>C\u00f3digo <span class=\"__1 _5\"></span>de Conducta <span class=\"__1 _5\"></span>y la <span class=\"__1 _70\"></span>Pol\u00edtica <span class=\"__1 _5\"></span>de Sostenibilidad <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>la compa\u00f1\u00eda.<span class=\"__1 _1bc\"> </span>Este compro<span class=\"__1 _6\"></span>miso de <span class=\"__1 _6\"></span>Ence <span class=\"__1 _6\"></span>con <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>protecci\u00f3n d<span class=\"__1 _6\"></span>el m<span class=\"__1 _6\"></span>edioambiente s<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>materializa <span class=\"__1 _6\"></span>en prim<span class=\"__1 _6\"></span>er lugar,<span class=\"__1 _6\"></span> a <span class=\"__1 _6\"></span>trav\u00e9s <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span>la propia activ<span class=\"__1 _6\"></span>idad de la compa\u00f1\u00eda y s<span class=\"__1 _6\"></span>u visi\u00f3n estrat\u00e9gica:<span class=\"__1 _1bc\"> </span>\u2713<span class=\"ff2_1\"> <span class=\"__1 _58\"> </span><span class=\"ff4 fc0_1\">La <span class=\"__1 _ca\"> </span>actividad <span class=\"__1 _c6\"> </span>de <span class=\"__1 _ca\"> </span>producci\u00f3n <span class=\"__1 _c6\"> </span>de  ce<span class=\"__1 _5\"></span>lulosa <span class=\"__1 _ca\"> </span>a <span class=\"__1 _c6\"> </span>partir <span class=\"__1 _ca\"> </span>de <span class=\"__1 _c6\"> </span>madera <span class=\"__1 _ca\"> </span>de <span class=\"__1 _c6\"> </span>proximidad  y <span class=\"__1 _c6\"> </span>con <span class=\"__1 _c6\"> </span>gesti\u00f3n <span class=\"__1 _ca\"> </span>forestal<span class=\"__1 _1bc\"> </span></span></span>sostenible <span class=\"__1 _c6\"> </span>certificada <span class=\"__1 _c6\"> </span>tien<span class=\"__1 _6\"></span>e <span class=\"__1 _c6\"> </span>efectos <span class=\"__1 _c6\"> </span>ambientales<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>positivos<span class=\"__1 _6\"></span>, <span class=\"__1 _c6\"> </span>ya <span class=\"__1 _ca\"> </span>que <span class=\"__1 _c6\"> </span>pone <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c6\"> </span>el <span class=\"__1 _c6\"> </span>mercado <span class=\"__1 _c6\"> </span>pro<span class=\"__1 _6\"></span>ductos<span class=\"__1 _1bc\"> </span>naturales, <span class=\"__1 _8\"></span>renovables <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>reciclables <span class=\"__1 _8\"></span>que <span class=\"__1 _6\"></span>pu<span class=\"__1 _6\"></span>eden <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>ustituir <span class=\"__1 _8\"></span>materiales <span class=\"__1 _8\"></span>basados <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>combustibles <span class=\"__1 _8\"></span>f\u00f3siles,<span class=\"__1 _1bc\"> </span>como <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>pl\u00e1sticos<span class=\"__1 _6\"></span>. <span class=\"__1 _8\"></span>Adem\u00e1s, <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>actividad <span class=\"__1 _8\"></span>forestal <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>Ence <span class=\"__1 _8\"></span>no<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>s\u00f3lo <span class=\"__1 _8\"></span>contribu<span class=\"__1 _6\"></span>ye <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>retirar <span class=\"__1 _8\"></span>carb<span class=\"__1 _6\"></span>ono <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la<span class=\"__1 _1bc\"> </span>atm\u00f3sfera, sino qu<span class=\"__1 _6\"></span>e protege la biod<span class=\"__1 _6\"></span>iversidad y otros<span class=\"__1 _6\"></span> servicios de los ecosis<span class=\"__1 _6\"></span>temas forestales. \u2713<span class=\"ff2_1\"> <span class=\"__1 _58\"> </span><span class=\"ff4 fc0_1\">En <span class=\"__1 _c8\"> </span>el <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>ise\u00f1o <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"></span>nuevos <span class=\"__1 _c8\"></span>productos, <span class=\"__1 _c8\"> </span>Ence <span class=\"__1 _c8\"> </span>persigue <span class=\"__1 _c6\"> </span>mejorar <span class=\"__1 _c8\"></span>la <span class=\"__1 _c8\"> </span>huella <span class=\"__1 _c8\"> </span>ambiental <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>us <span class=\"__1 _c8\"></span>productos <span class=\"__1 _c8\"> </span>y<span class=\"__1 _1bc\"> </span></span></span>contribuir <span class=\"__1 _8\"></span>a <span class=\"__1 _6\"></span>reducir <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>impact<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>ambiental <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>rocesos <span class=\"__1 _6\"></span>productivos<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>cliente<span class=\"__1 _6\"></span>s. <span class=\"__1 _6\"></span>Un<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>ejemplo <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span>esta apuesta es <span class=\"__1 _70\"></span>el desarrollo de<span class=\"__1 _5\"></span> la <span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>asta de <span class=\"__1 _5\"></span>celulosa no <span class=\"__1 _5\"></span>blanqueada Naturcell, <span class=\"__1 _5\"></span>que al <span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>o re<span class=\"__1 _70\"></span>q<span class=\"__1 _6\"></span>uerir e<span class=\"__1 _5\"></span>tapa<span class=\"__1 _1bc\"> </span>de blanqueo en su prod<span class=\"__1 _6\"></span>ucci\u00f3n, tiene un consumo espec\u00edfico de materiales, agua <span class=\"__1 _6\"></span>y energ\u00eda menor que<span class=\"__1 _1bc\"> </span>la pasta est\u00e1<span class=\"__1 _6\"></span>ndar. \u2713<span class=\"ff2_1\"> <span class=\"__1 _58\"> </span><span class=\"ff4 fc0_1\">En <span class=\"__1 _8\"></span>su <span class=\"__1 _8\"></span>actividad <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>generaci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>energ\u00eda <span class=\"__1 _8\"></span>renovab<span class=\"__1 _6\"></span>le, <span class=\"__1 _6\"></span>E<span class=\"__1 _6\"></span>nce <span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>\u00f3lo <span class=\"__1 _8\"></span>contribuye <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>descarbonizar <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>mix<span class=\"__1 _1bc\"> </span></span></span>el\u00e9ctrico <span class=\"__1 _8\"></span>nacion<span class=\"__1 _6\"></span>al, <span class=\"__1 _8\"></span>sin<span class=\"__1 _6\"></span>o <span class=\"__1 _8\"></span>que <span class=\"__1 _4\"></span>valorizando <span class=\"__1 _8\"></span>biomasa <span class=\"__1 _4\"></span>agr\u00edcola <span class=\"__1 _8\"></span>evita <span class=\"__1 _8\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>emisiones <span class=\"__1 _4\"></span>contaminantes <span class=\"__1 _8\"></span>difusas<span class=\"__1 _1bc\"> </span>que se <span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>roducen cuando se <span class=\"__1 _70\"></span>queman de f<span class=\"__1 _5\"></span>orma incontrolada los restos <span class=\"__1 _5\"></span>de cultivos<span class=\"__1 _6\"></span> en <span class=\"__1 _70\"></span>el medio rural, <span class=\"__1 _5\"></span>sin<span class=\"__1 _1bc\"> </span>ning\u00fan tipo d<span class=\"__1 _6\"></span>e sistemas de tra<span class=\"__1 _6\"></span>tamiento. En 2023, En<span class=\"__1 _6\"></span>ce tambi\u00e9n ha in<span class=\"__1 _6\"></span>iciado una l\u00ednea d<span class=\"__1 _6\"></span>e negocio para<span class=\"__1 _1bc\"> </span>proporcionar a clientes industriales soluciones de descarbonizaci\u00f3n basadas en la generaci\u00f3n de calor<span class=\"__1 _1bc\"> </span>renovable. <span class=\"__1 _cb\"> </span>De <span class=\"__1 _150\"> </span>esta <span class=\"__1 _cb\"> </span>forma, <span class=\"__1 _cb\"> </span>la <span class=\"__1 _cb\"> </span>compa\u00f1\u00eda <span class=\"__1 _cb\"> </span>contribuye <span class=\"__1 _cb\"> </span>a <span class=\"__1 _150\"> </span>r<span class=\"__1 _6\"></span>educir <span class=\"__1 _cb\"> </span>la <span class=\"__1 _150\"> </span>hu<span class=\"__1 _6\"></span>ella <span class=\"__1 _150\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _150\"> </span>carb<span class=\"__1 _6\"></span>ono <span class=\"__1 _cb\"> </span>de <span class=\"__1 _150\"> </span>s<span class=\"__1 _6\"></span>ectores<span class=\"__1 _1bc\"> </span>dif\u00edcilmente electrificabl<span class=\"__1 _6\"></span>es y con alta d<span class=\"__1 _6\"></span>emanda de calor indus<span class=\"__1 _6\"></span>trial. \u2713<span class=\"ff2_1\"> <span class=\"__1 _58\"> </span><span class=\"ff4 fc0_1\">En <span class=\"__1 _4\"></span>su <span class=\"__1 _4\"></span>estra<span class=\"__1 _6\"></span>tegia <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>diversificaci\u00f3n, <span class=\"__1 _4\"></span>Ence <span class=\"__1 _4\"></span>busca <span class=\"__1 _4\"></span>actividades <span class=\"__1 _4\"></span>alineadas <span class=\"__1 _4\"></span>con <span class=\"__1 _4\"></span>su <span class=\"__1 _4\"></span>modelo <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>negocio <span class=\"__1 _4\"></span>de<span class=\"__1 _1bc\"> </span></span></span>bioeconom\u00eda <span class=\"__1 _4\"></span>circular <span class=\"__1 _8\"></span>y,<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>por <span class=\"__1 _8\"></span>ello, <span class=\"__1 _4\"></span>ha <span class=\"__1 _8\"></span>creado<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>u <span class=\"__1 _4\"></span>filial <span class=\"__1 _8\"></span>Ence <span class=\"__1 _4\"></span>biog\u00e1s <span class=\"__1 _8\"></span>para <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>roducci\u00f3n <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>biometano <span class=\"__1 _4\"></span>y<span class=\"__1 _1bc\"> </span>fertilizantes <span class=\"__1 _4\"></span>a <span class=\"__1 _c8\"></span>partir <span class=\"__1 _4\"></span>de <span class=\"__1 _c8\"></span>residuos <span class=\"__1 _4\"></span>org\u00e1n<span class=\"__1 _6\"></span>icos. <span class=\"__1 _4\"></span>Una <span class=\"__1 _c8\"></span>nueva <span class=\"__1 _4\"></span>l\u00ednea <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>act<span class=\"__1 _6\"></span>ividad <span class=\"__1 _4\"></span>bas<span class=\"__1 _6\"></span>ada <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>reciclaje <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span>residuos <span class=\"__1 _8\"></span>agroganaderos <span class=\"__1 _8\"></span>que n<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>s\u00f3lo <span class=\"__1 _8\"></span>contribuir\u00e1 <span class=\"__1 _8\"></span>a s<span class=\"__1 _6\"></span>olucionar <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>roblema <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>u <span class=\"__1 _4\"></span>ge<span class=\"__1 _5\"></span>sti\u00f3n, <span class=\"__1 _8\"></span>sino <span class=\"__1 _6\"></span>que <span class=\"__1 _8\"></span>los<span class=\"__1 _1bc\"> </span>transformar\u00e1 <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>produ<span class=\"__1 _6\"></span>ctos <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>alto <span class=\"__1 _6\"></span>valor <span class=\"__1 _6\"></span>a\u00f1ad<span class=\"__1 _6\"></span>ido <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>biocomb<span class=\"__1 _6\"></span>ustibles <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>fertilizantes <span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>rg\u00e1nicos <span class=\"__1 _6\"></span>con<span class=\"__1 _1bc\"> </span>menor huella ambiental que los qu\u00edmicos. En e<span class=\"__1 _5\"></span>ste sentido, en 2023 <span class=\"__1 _5\"></span>Ence tambi\u00e9n ha abierto una l\u00edne<span class=\"__1 _5\"></span>a<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _6\"></span>investigaci\u00f3n <span class=\"__1 _6\"></span>para <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>roducci\u00f3n <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e pro<span class=\"__1 _6\"></span>ductos <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>fibra <span class=\"__1 _6\"></span>moldeada <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>para <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>fabricaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de env<span class=\"__1 _6\"></span>ases<span class=\"__1 _1bc\"> </span>y bandejas<span class=\"__1 _6\"></span> que sustituir\u00e1 productos<span class=\"__1 _6\"></span> pl\u00e1sticos basados<span class=\"__1 _6\"></span> en combustible f\u00f3siles.<span class=\"__1 _1bc\"> </span>Adem\u00e1s <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>contribuir <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>protecci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>medioambiente <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>trav\u00e9s <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>su <span class=\"__1 _6\"></span>propia <span class=\"__1 _6\"></span>actividad<span class=\"__1 _6\"></span>, En<span class=\"__1 _6\"></span>ce tiene <span class=\"__1 _6\"></span>co<span class=\"__1 _6\"></span>mo<span class=\"__1 _1bc\"> </span>principio llevar a cabo sus <span class=\"__1 _5\"></span>procesos industriales con el m\u00e1ximo <span class=\"__1 _5\"></span>respeto por el entorno, siguie<span class=\"__1 _5\"></span>ndo la m\u00e1xima<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _4\"></span>ir <span class=\"__1 _8\"></span>m\u00e1s <span class=\"__1 _4\"></span>all\u00e1 <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>los<span class=\"__1 _5\"></span> <span class=\"__1 _4\"></span>l\u00edmites <span class=\"__1 _8\"></span>legales <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>stablecidos <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>las <span class=\"__1 _8\"></span>autorizaciones <span class=\"__1 _4\"></span>ambientales <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>sus <span class=\"__1 _4\"></span>in<span class=\"__1 _5\"></span>stalaciones <span class=\"__1 _4\"></span>y<span class=\"__1 _1bc\"> </span>aplicando <span class=\"__1 _8\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>mejores <span class=\"__1 _8\"></span>t\u00e9cnicas <span class=\"__1 _8\"></span>dis<span class=\"__1 _6\"></span>ponibles <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>m<span class=\"__1 _6\"></span>ejora <span class=\"__1 _8\"></span>continu<span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>para <span class=\"__1 _8\"></span>reducir <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>impacto<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>ambiental <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>sus<span class=\"__1 _1bc\"> </span>actividades <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>t\u00e9rminos<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>consumo <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>recursos, <span class=\"__1 _4\"></span>generaci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>residuos, <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>misiones, <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>fluentes, <span class=\"__1 _4\"></span>ruidos <span class=\"__1 _8\"></span>u<span class=\"__1 _1bc\"> </span>olores entre otros.<span class=\"__1 _1bc\"> </span>Este <span class=\"__1 _c9\"> </span>compromiso <span class=\"__1 _cb\"> </span>de <span class=\"__1 _c9\"> </span>Ence <span class=\"__1 _cb\"> </span>se <span class=\"__1 _c9\"> </span>traduce <span class=\"__1 _cb\"> </span>en <span class=\"__1 _c9\"> </span>importantes <span class=\"__1 _c9\"> </span>inversiones <span class=\"__1 _c9\"> </span>para <span class=\"__1 _cb\"> </span>ap<span class=\"__1 _6\"></span>licar <span class=\"__1 _cb\"> </span>la<span class=\"__1 _8\"></span>s <span class=\"__1 _cb\"> </span>mejores <span class=\"__1 _c9\"> </span>t\u00e9cnicas<span class=\"__1 _1bc\"> </span>disponibles <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>mejorar <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>eficiencia <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>procesos <span class=\"__1 _6\"></span>entre <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>que <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>estacan <span class=\"__1 _6\"></span>las <span class=\"__1 _8\"></span>correspondientes <span class=\"__1 _8\"></span>a <span class=\"__1 _6\"></span>sistemas<span class=\"__1 _1bc\"> </span>de  depuraci\u00f3n  y<span class=\"__1 _6\"></span>  de  medida<span class=\"__1 _6\"></span>  de  e<span class=\"__1 _6\"></span>misiones,  alternativ<span class=\"__1 _6\"></span>as  para <span class=\"__1 _150\"> </span>reducir <span class=\"__1 _150\"> </span>el <span class=\"__1 _150\"> </span>cons<span class=\"__1 _6\"></span>umo  de <span class=\"__1 _150\"> </span>agua <span class=\"__1 _150\"> </span>y <span class=\"__1 _150\"> </span>s<span class=\"__1 _6\"></span>u  carga<span class=\"__1 _1bc\"> </span>contaminante, <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>mejorar <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>calidad <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>aire <span class=\"__1 _8\"></span>que <span class=\"__1 _4\"></span>contribuyen <span class=\"__1 _8\"></span>a <span class=\"__1 _4\"></span>continuar <span class=\"__1 _8\"></span>con <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>reducci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>los <span class=\"__1 _8\"></span>posibles<span class=\"__1 _1bc\"> </span>impactos ambientales y<span class=\"__1 _6\"></span> mejorar sus<span class=\"__1 _6\"></span> relaciones con las<span class=\"__1 _6\"></span> comunidades cercanas.<span class=\"__1 _1bc\"> </span>Se detallan a continu<span class=\"__1 _6\"></span>aci\u00f3n el valor de las<span class=\"__1 _6\"></span> inversiones de car\u00e1cter medioa<span class=\"__1 _6\"></span>mbiental ejecuta<span class=\"__1 _6\"></span>das en 2023:<span class=\"__1 _1bc\"> </span>As\u00ed, <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>compa\u00f1\u00eda <span class=\"__1 _8\"></span>b<span class=\"__1 _6\"></span>usca <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>me<span class=\"__1 _5\"></span>jora <span class=\"__1 _4\"></span>continua <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>desempe\u00f1o <span class=\"__1 _4\"></span>ambiental <span class=\"__1 _4\"></span>impulsada <span class=\"__1 _4\"></span>por <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>alta <span class=\"__1 _4\"></span>direcci\u00f3n <span class=\"__1 _4\"></span>y<span class=\"__1 _1bc\"> </span>compartida <span class=\"__1 _4\"></span>por <span class=\"__1 _8\"></span>toda <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>organizaci\u00f3n. <span class=\"__1 _8\"></span>Pero <span class=\"__1 _8\"></span>E<span class=\"__1 _6\"></span>nce <span class=\"__1 _8\"></span>es <span class=\"__1 _4\"></span>consciente <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>que <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>huella <span class=\"__1 _8\"></span>ambiental <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>su <span class=\"__1 _8\"></span>act<span class=\"__1 _6\"></span>ividad<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span> de<span class=\"__1 _1bc\"> </span>Euros<span class=\"__1 _1bc\"> </span>N<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o c<span class=\"__1 _6\"></span>el<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span>a<span class=\"__1 _19e\"> </span>2<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.6<span class=\"__1 _6\"></span>31<span class=\"__1 _1bc\"> </span>N<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o r<span class=\"__1 _6\"></span>enova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>es<span class=\"__1 _8c\"> </span>5<span class=\"__1 _6\"></span>.0<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>4<span class=\"__1 _1bc\"> </span>27<span class=\"__1 _6\"></span>.63<span class=\"__1 _6\"></span>5<span class=\"__1 _1bc\"> </span>trasciende el <span class=\"__1 _6\"></span>alcance op<span class=\"__1 _6\"></span>erativo de <span class=\"__1 _6\"></span>la compa\u00f1<span class=\"__1 _6\"></span>\u00eda, po<span class=\"__1 _6\"></span>r <span class=\"__1 _6\"></span>lo que extiende s<span class=\"__1 _6\"></span>u compro<span class=\"__1 _6\"></span>miso con el <span class=\"__1 _6\"></span>medioambient<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span>a lo <span class=\"__1 _70\"></span>largo de <span class=\"__1 _5\"></span>todas las <span class=\"__1 _70\"></span>fases<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e su<span class=\"__1 _5\"></span> cadena <span class=\"__1 _5\"></span>de <span class=\"__1 _5\"></span>valor, tanto <span class=\"__1 _5\"></span>en <span class=\"__1 _70\"></span>su actividad forestal <span class=\"__1 _5\"></span>y <span class=\"__1 _5\"></span>de produ<span class=\"__1 _5\"></span>cci\u00f3n de <span class=\"__1 _70\"></span>celulos<span class=\"__1 _6\"></span>a<span class=\"__1 _1bc\"> </span>como <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>generaci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>energ\u00eda, <span class=\"__1 _8\"></span>h<span class=\"__1 _6\"></span>aciendo <span class=\"__1 _8\"></span>especial <span class=\"__1 _8\"></span>foco <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>n <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>poten<span class=\"__1 _6\"></span>ciales <span class=\"__1 _8\"></span>impactos <span class=\"__1 _8\"></span>ambien<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>les <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>su<span class=\"__1 _1bc\"> </span>cadena <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>suministro<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>y <span class=\"__1 _c6\"> </span>trasladando<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>a <span class=\"__1 _c6\"> </span>sus <span class=\"__1 _c6\"> </span>proveedores <span class=\"__1 _c6\"> </span>el <span class=\"__1 _c6\"> </span>m\u00e1ximo <span class=\"__1 _c6\"> </span>nive<span class=\"__1 _6\"></span>l <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>exigencia <span class=\"__1 _c6\"> </span>amb<span class=\"__1 _6\"></span>iental <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c6\"> </span>las<span class=\"__1 _1bc\"> </span>operaciones.<span class=\"__1 _1bc\"> </span>Cumplimiento no<span class=\"__1 _6\"></span>rmativo y mejores t\u00e9cn<span class=\"__1 _6\"></span>icas disponibles<span class=\"__1 _1bc\"> </span>Aunque la ambici\u00f3n de la compa\u00f1\u00eda va m\u00e1s all\u00e1 de las obligaciones legales, el <span class=\"__1 _6\"></span>compromiso medioa<span class=\"__1 _6\"></span>mbiental<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _6\"></span>Ence <span class=\"__1 _6\"></span>pasa <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>primer <span class=\"__1 _6\"></span>lugar <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>or <span class=\"__1 _6\"></span>el cu<span class=\"__1 _6\"></span>mplimiento <span class=\"__1 _6\"></span>riguroso <span class=\"__1 _8\"></span>y <span class=\"__1 _6\"></span>exhaustivo <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>normativ<span class=\"__1 _6\"></span>a vigente <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>qu<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span>se <span class=\"__1 _4\"></span>establecen <span class=\"__1 _c8\"></span>los <span class=\"__1 _4\"></span>requis<span class=\"__1 _6\"></span>itos <span class=\"__1 _4\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _4\"></span>deben <span class=\"__1 _c8\"></span>cumplir <span class=\"__1 _4\"></span>todas<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>las <span class=\"__1 _c8\"></span>actividades <span class=\"__1 _c8\"></span>relacionadas <span class=\"__1 _c8\"></span>con <span class=\"__1 _4\"></span>la <span class=\"__1 _c8\"></span>producci\u00f3n <span class=\"__1 _c8\"></span>de<span class=\"__1 _1bc\"> </span>celulosa <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>generaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>energ\u00eda <span class=\"__1 _8\"></span>renovab<span class=\"__1 _6\"></span>le, <span class=\"__1 _8\"></span>as\u00ed <span class=\"__1 _8\"></span>como <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>adap<span class=\"__1 _6\"></span>taci\u00f3n <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>Mejores <span class=\"__1 _8\"></span>T\u00e9cnicas<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>Disponibles<span class=\"__1 _1bc\"> </span>(MTD) <span class=\"__1 _6\"></span>establecidas<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>documentos<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>BREF <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>indu<span class=\"__1 _6\"></span>stria <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>pasta <span class=\"__1 _6\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>papel <span class=\"__1 _6\"></span>(<span class=\"__1 _8\"></span><span class=\"ff9\">Best <span class=\"__1 _6\"></span>Availa<span class=\"__1 _6\"></span>ble <span class=\"__1 _6\"></span>Thecniqu<span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>in<span class=\"__1 _1bc\"> </span></span>the Pu<span class=\"__1 _6\"></span>lp and <span class=\"__1 _6\"></span>Paper <span class=\"__1 _6\"></span>Industry 2014<span class=\"__1 _6\"></span><span class=\"ff4\">) ap<span class=\"__1 _6\"></span>robado <span class=\"__1 _6\"></span>por la <span class=\"__1 _6\"></span>Comisi\u00f3n<span class=\"__1 _6\"></span> del <span class=\"__1 _6\"></span>Medio <span class=\"__1 _6\"></span>Ambiente <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>Parlamento <span class=\"__1 _6\"></span>Europeo<span class=\"__1 _1bc\"> </span></span>y las MTD conforme a la Directiv<span class=\"__1 _6\"></span>a 2010/75/UE para <span class=\"__1 _6\"></span>las grandes insta<span class=\"__1 _6\"></span>laciones de combus<span class=\"__1 _6\"></span>ti\u00f3n (GIC) en 2017<span class=\"__1 _6\"></span><span class=\"ls17\">. </span>En <span class=\"ls0_1\">2023 <span class=\"__1 _5\"></span>se ha continuado con <span class=\"__1 _5\"></span>la ejecuci\u00f3n de los <span class=\"__1 _5\"></span>proyectos enfocados a la a<span class=\"__1 _5\"></span>daptaci\u00f3n de las plantas <span class=\"__1 _5\"></span>para la<span class=\"__1 _1bc\"> </span></span>implantaci\u00f3n de las<span class=\"__1 _6\"></span> Mejores T\u00e9cnicas Dispon<span class=\"__1 _6\"></span>ibles con el objeto de cumplir con lo<span class=\"__1 _6\"></span> establecido en el BREF de<span class=\"__1 _1bc\"> </span>Grandes Instalacion<span class=\"__1 _6\"></span>es de Com<span class=\"__1 _6\"></span>busti\u00f3n. <span class=\"__1 _6\"></span>Los trabajos s<span class=\"__1 _6\"></span>e han enfocado a<span class=\"__1 _6\"></span>l cumplimiento d<span class=\"__1 _6\"></span>e los n<span class=\"__1 _6\"></span>uevos valo<span class=\"__1 _6\"></span>res<span class=\"__1 _1bc\"> </span>l\u00edmite <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>emisi\u00f3n<span class=\"__1 _6\"></span>, <span class=\"__1 _6\"></span>finalizando<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>implan<span class=\"__1 _6\"></span>taci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>diferentes<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>tipo<span class=\"__1 _6\"></span>s <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>sistemas <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>depura<span class=\"__1 _6\"></span>ci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>emisiones<span class=\"__1 _1bc\"> </span>seg\u00fan <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>necesidades<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e cad<span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>planta <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>incorp<span class=\"__1 _6\"></span>oraci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>todas <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>mejoras <span class=\"__1 _6\"></span>tecno<span class=\"__1 _6\"></span>l\u00f3gicas, <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>operaci\u00f3n<span class=\"__1 _1bc\"> </span>y <span class=\"__1 _4\"></span>gesti\u00f3n<span class=\"__1 _6\"></span>. <span class=\"__1 _4\"></span>As\u00ed, <span class=\"__1 _c8\"></span>durante <span class=\"__1 _c8\"></span>2023 <span class=\"__1 _c8\"></span>la <span class=\"__1 _4\"></span>Biof\u00e1brica <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>Nav<span class=\"__1 _6\"></span>ia, <span class=\"__1 _4\"></span>h<span class=\"__1 _6\"></span>a <span class=\"__1 _4\"></span>trabaj<span class=\"__1 _6\"></span>ado <span class=\"__1 _4\"></span>en <span class=\"__1 _c8\"></span>la <span class=\"__1 _4\"></span>optimizaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>del <span class=\"__1 _c8\"></span>proceso <span class=\"__1 _c8\"></span>t<span class=\"__1 _6\"></span>ra<span class=\"__1 _6\"></span>s <span class=\"__1 _4\"></span>la<span class=\"__1 _1bc\"> </span>ejecuci\u00f3n <span class=\"__1 _5\"></span>del <span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>royecto <span class=\"__1 _5\"></span>a <span class=\"__1 _5\"></span>finales <span class=\"__1 _5\"></span>de <span class=\"__1 _5\"></span>2022 <span class=\"__1 _5\"></span>que <span class=\"__1 _5\"></span>le <span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>ermite <span class=\"__1 _70\"></span>abat<span class=\"__1 _6\"></span>ir <span class=\"__1 _70\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>emisiones <span class=\"__1 _5\"></span>de <span class=\"__1 _5\"></span>HCl <span class=\"__1 _70\"></span>en su <span class=\"__1 _70\"></span>caldera <span class=\"__1 _5\"></span>de <span class=\"__1 _5\"></span>biomasa<span class=\"__1 _1bc\"> </span>hasta  valores <span class=\"__1 _150\"> </span>por  debajo  de  la <span class=\"__1 _150\"> </span>p<span class=\"__1 _6\"></span>ropuesta  del  documento  BREF  d<span class=\"__1 _6\"></span>e  GIC.  A  la  Caldera  de  b<span class=\"__1 _6\"></span>iomasa  de<span class=\"__1 _1bc\"> </span>Pontevedra, por <span class=\"__1 _70\"></span>su <span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>otencia <span class=\"__1 _5\"></span>t\u00e9rmica, <span class=\"__1 _70\"></span>no le <span class=\"__1 _70\"></span>ap<span class=\"__1 _6\"></span>lica <span class=\"__1 _5\"></span>el <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>ocumento BREF <span class=\"__1 _70\"></span>de G<span class=\"__1 _5\"></span>IC, <span class=\"__1 _5\"></span>pero <span class=\"__1 _5\"></span>a\u00fan <span class=\"__1 _5\"></span>as\u00ed, <span class=\"__1 _70\"></span>durante la para<span class=\"__1 _5\"></span>da<span class=\"__1 _1bc\"> </span>t\u00e9cnica <span class=\"__1 _4\"></span>ha <span class=\"__1 _8\"></span>acometido <span class=\"__1 _4\"></span>inversi\u00f3n <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>mejora <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>us <span class=\"__1 _4\"></span>electrofiltros <span class=\"__1 _8\"></span>con <span class=\"__1 _4\"></span>objeto <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>reducir <span class=\"__1 _4\"></span>las <span class=\"__1 _8\"></span>emisiones <span class=\"__1 _4\"></span>de<span class=\"__1 _1bc\"> </span>part\u00edculas a la<span class=\"__1 _6\"></span> atm\u00f3sfera.<span class=\"__1 _1bc\"> </span>Todas las <span class=\"__1 _70\"></span>plantas i<span class=\"__1 _5\"></span>ndustriales de <span class=\"__1 _70\"></span>Ence cuentan <span class=\"__1 _70\"></span>con su <span class=\"__1 _70\"></span>Autorizaci\u00f3n Ambiental <span class=\"__1 _70\"></span>Integrada (AAI) <span class=\"__1 _70\"></span>o Autorizaci\u00f3n<span class=\"__1 _1bc\"> </span>Sectorial, <span class=\"__1 _5\"></span>en <span class=\"__1 _70\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>que <span class=\"__1 _5\"></span>se establecen <span class=\"__1 _70\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>condiciones para <span class=\"__1 _70\"></span>la operaci\u00f3n <span class=\"__1 _70\"></span>de la <span class=\"__1 _70\"></span>insta<span class=\"__1 _6\"></span>laci\u00f3n <span class=\"__1 _5\"></span>desde e<span class=\"__1 _5\"></span>l <span class=\"__1 _5\"></span>punto de <span class=\"__1 _70\"></span>vista<span class=\"__1 _1bc\"> </span>ambiental. <span class=\"__1 _8\"></span>En<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>estas<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>autorizaciones <span class=\"__1 _4\"></span>se <span class=\"__1 _8\"></span>fijan<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>tambi\u00e9n <span class=\"__1 _4\"></span>los <span class=\"__1 _8\"></span>valores <span class=\"__1 _8\"></span>l\u00edmites <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>emisi\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>as\u00ed <span class=\"__1 _4\"></span>co<span class=\"__1 _5\"></span>mo <span class=\"__1 _8\"></span>los <span class=\"__1 _4\"></span>planes <span class=\"__1 _8\"></span>de<span class=\"__1 _1bc\"> </span>vigilancia <span class=\"__1 _8\"></span>para <span class=\"__1 _8\"></span>todos <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>aspectos <span class=\"__1 _8\"></span>ambientales <span class=\"__1 _6\"></span>re<span class=\"__1 _6\"></span>levantes. <span class=\"__1 _8\"></span>En<span class=\"__1 _6\"></span>ce <span class=\"__1 _6\"></span>pon<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>tod<span class=\"__1 _6\"></span>as <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>medidas <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>su<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>alcan<span class=\"__1 _6\"></span>ce <span class=\"__1 _6\"></span>para<span class=\"__1 _1bc\"> </span>cumplir <span class=\"__1 _cd\"> </span>e <span class=\"__1 _c9\"> </span>inclus<span class=\"__1 _6\"></span>o <span class=\"__1 _cd\"> </span>mejorar <span class=\"__1 _c9\"> </span>esto<span class=\"__1 _6\"></span>s <span class=\"__1 _cd\"> </span>valores <span class=\"__1 _cd\"> </span>l\u00edmite <span class=\"__1 _c9\"> </span>fijados <span class=\"__1 _cd\"> </span>por <span class=\"__1 _cd\"> </span>la <span class=\"__1 _cd\"> </span>AAI <span class=\"__1 _cd\"> </span>e <span class=\"__1 _c9\"> </span>informa <span class=\"__1 _cd\"> </span>peri\u00f3<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>icamente <span class=\"__1 _c9\"> </span>a <span class=\"__1 _cd\"> </span>las<span class=\"__1 _1bc\"> </span>administraciones  correspondientes  de  su  e<span class=\"__1 _5\"></span>voluci\u00f3n.  Las  AAI <span class=\"__1 _ca\"> </span>de  las <span class=\"__1 _c6\"> </span>p<span class=\"__1 _6\"></span>lantas  de  Ence <span class=\"__1 _c6\"> </span>est\u00e1<span class=\"__1 _6\"></span>n  disponibles<span class=\"__1 _1bc\"> </span>p\u00fablicamente en los registro<span class=\"__1 _6\"></span>s de las corresp<span class=\"__1 _6\"></span>ondientes comunid<span class=\"__1 _6\"></span>ades aut\u00f3no<span class=\"__1 _6\"></span>mas. Modelo y sistema de gesti\u00f3n<span class=\"__1 _6\"></span> ambiental<span class=\"__1 _1bc\"> </span>Los <span class=\"__1 _8\"></span>principios <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>gesti\u00f3n <span class=\"__1 _8\"></span>ambiental <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>Ence <span class=\"__1 _8\"></span>est\u00e1n <span class=\"__1 _8\"></span>recogidos <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>Pol\u00edtica <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>Gesti\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>compa\u00f1<span class=\"__1 _6\"></span>\u00eda <span class=\"__1 _6\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span>basan <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>ir <span class=\"__1 _4\"></span>m\u00e1s <span class=\"__1 _4\"></span>all\u00e1 <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _4\"></span>cumplimie<span class=\"__1 _5\"></span>nto <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>normativa <span class=\"__1 _4\"></span>vigente, <span class=\"__1 _4\"></span>aplicando <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>principios <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>prevenci\u00f3n <span class=\"__1 _4\"></span>y<span class=\"__1 _1bc\"> </span>precauci\u00f3n <span class=\"__1 _8\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>siguiend<span class=\"__1 _6\"></span>o <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>rincipio <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>mejora <span class=\"__1 _8\"></span>con<span class=\"__1 _6\"></span>tinua. <span class=\"__1 _8\"></span>As<span class=\"__1 _6\"></span>\u00ed, <span class=\"__1 _8\"></span>desd<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>hac<span class=\"__1 _8\"></span>e <span class=\"__1 _8\"></span>m\u00e1s <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>diez <span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>\u00f1os,<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>Ence <span class=\"__1 _4\"></span>aplica <span class=\"__1 _8\"></span>el<span class=\"__1 _1bc\"> </span>modelo <span class=\"__1 _c8\"> </span>TQM <span class=\"__1 _c8\"> </span>(Total <span class=\"__1 _c8\"> </span>Quality <span class=\"__1 _c6\"> </span>Management) <span class=\"__1 _c8\"> </span>como <span class=\"__1 _c8\"> </span>est\u00e1<span class=\"__1 _6\"></span>ndar <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"> </span>transformaci\u00f3n <span class=\"__1 _c8\"> </span>cultura<span class=\"__1 _6\"></span>l <span class=\"__1 _4\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"> </span>gesti\u00f3n, <span class=\"__1 _c8\"> </span>que<span class=\"__1 _1bc\"> </span>aborda  de  forma  integrada  los  aspectos<span class=\"__1 _6\"></span>  de  calidad,  seguridad  y  salud,  respeto  al <span class=\"__1 _c6\"> </span>medio  ambi<span class=\"__1 _6\"></span>ente  y<span class=\"__1 _1bc\"> </span>prevenci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>conta<span class=\"__1 _6\"></span>minaci<span class=\"__1 _6\"></span>\u00f3n. <span class=\"__1 _6\"></span>E<span class=\"__1 _6\"></span>n <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>marco <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>este<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>mod<span class=\"__1 _6\"></span>elo <span class=\"__1 _6\"></span>existe <span class=\"__1 _8\"></span>una <span class=\"__1 _6\"></span>pol\u00edtica <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>medio <span class=\"__1 _6\"></span>ambiente <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>la<span class=\"__1 _1bc\"> </span>que <span class=\"__1 _70\"></span>se <span class=\"__1 _5\"></span>definen <span class=\"__1 _5\"></span>los <span class=\"__1 _70\"></span>ob<span class=\"__1 _6\"></span>jetivos <span class=\"__1 _5\"></span>generales <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>la <span class=\"__1 _70\"></span>co<span class=\"__1 _6\"></span>mpa\u00f1\u00eda <span class=\"__1 _5\"></span>en <span class=\"__1 _70\"></span>es<span class=\"__1 _6\"></span>ta <span class=\"__1 _70\"></span>materia <span class=\"__1 _5\"></span>y <span class=\"__1 _70\"></span>se<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>estab<span class=\"__1 _6\"></span>lecen <span class=\"__1 _70\"></span>un<span class=\"__1 _6\"></span>a <span class=\"__1 _70\"></span>serie <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>Ob<span class=\"__1 _6\"></span>jetivos<span class=\"__1 _1bc\"> </span>de Mejora Fundamental (OM<span class=\"__1 _6\"></span>F) orientados a<span class=\"__1 _6\"></span> distintos vectores ambientale<span class=\"__1 _6\"></span><span class=\"ls20\">s:<span class=\"__1 _1bc\"> </span></span>\u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4\">Reducci\u00f3n del impacto oloros<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span></span></span>\u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4\">Reducci\u00f3n del impacto ac\u00fastic<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span></span></span>\u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4\">Reducci\u00f3n del impacto en la ca<span class=\"__1 _6\"></span>lidad del aire<span class=\"__1 _1bc\"> </span></span></span>\u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4\">Reducci\u00f3n del impacto de nue<span class=\"__1 _6\"></span>stros v<span class=\"__1 _6\"></span>ertidos<span class=\"__1 _1bc\"> </span></span></span>\u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4\">Mejora de la eficiencia energ\u00e9<span class=\"__1 _6\"></span>tica<span class=\"__1 _1bc\"> </span></span></span>\u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4\">Reducci\u00f3n del consumo de ag<span class=\"__1 _6\"></span>ua<span class=\"__1 _1bc\"> </span></span></span>\u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4\">Reducci\u00f3n del consumo de m<span class=\"__1 _6\"></span>aterias prima<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span></span></span>\u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4\">Reducci\u00f3n en la generaci\u00f3n d<span class=\"__1 _6\"></span>e residuos<span class=\"__1 _1bc\"> </span></span></span>\u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4\">Mejora de la gobernanza d<span class=\"__1 _6\"></span>e los Sistemas d<span class=\"__1 _6\"></span>e Gesti\u00f3n </span></span>Dentro del <span class=\"__1 _70\"></span>mod<span class=\"__1 _6\"></span>elo TQM <span class=\"__1 _70\"></span>se han desarrollado los est\u00e1ndares <span class=\"__1 _70\"></span>operativ<span class=\"__1 _6\"></span>os (procedimientos, etc.) <span class=\"__1 _70\"></span>qu<span class=\"__1 _6\"></span>e perm<span class=\"__1 _5\"></span>iten<span class=\"__1 _1bc\"> </span>el <span class=\"__1 _4\"></span>con<span class=\"__1 _6\"></span>trol <span class=\"__1 _c8\"></span>y <span class=\"__1 _4\"></span>la <span class=\"__1 _c8\"> </span>gesti\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>los <span class=\"__1 _c8\"> </span>posibles<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>impact<span class=\"__1 _6\"></span>os <span class=\"__1 _c8\"></span>ambiental<span class=\"__1 _6\"></span>es <span class=\"__1 _c8\"> </span>mediante <span class=\"__1 _c8\"></span>la <span class=\"__1 _c8\"></span>identificaci\u00f3n <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c8\"> </span>gesti\u00f3n <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"></span>los<span class=\"__1 _1bc\"> </span>riesgos con <span class=\"__1 _5\"></span>potencial afecci\u00f3n <span class=\"__1 _70\"></span>medioambienta<span class=\"__1 _6\"></span>l. En <span class=\"__1 _70\"></span>el marco de <span class=\"__1 _70\"></span>este modelo <span class=\"__1 _5\"></span>y en <span class=\"__1 _70\"></span>l\u00ednea con <span class=\"__1 _5\"></span>los OMF <span class=\"__1 _70\"></span>an<span class=\"__1 _6\"></span>uales,<span class=\"__1 _1bc\"> </span>se desarrollan acciones de mejora bien puntuales o bien <span class=\"__1 _5\"></span>para la gesti\u00f3n de <span class=\"__1 _5\"></span>la actividad diaria y contro<span class=\"__1 _6\"></span>l de la<span class=\"__1 _1bc\"> </span>estabilidad de los<span class=\"__1 _6\"></span> procesos, y con ello, mejorar e<span class=\"__1 _6\"></span>l desempe\u00f1o ambienta<span class=\"__1 _6\"></span>l de las insta<span class=\"__1 _6\"></span>laciones. Adem\u00e1s, <span class=\"__1 _8\"></span>En<span class=\"__1 _6\"></span>ce <span class=\"__1 _8\"></span>dispon<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>u<span class=\"__1 _6\"></span>n <span class=\"__1 _8\"></span>Sistema <span class=\"__1 _8\"></span>Integrado <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>Gesti\u00f3n <span class=\"__1 _4\"></span>para <span class=\"__1 _8\"></span>asegurar <span class=\"__1 _4\"></span>q<span class=\"__1 _5\"></span>ue <span class=\"__1 _8\"></span>todas <span class=\"__1 _4\"></span>las <span class=\"__1 _8\"></span>actividades <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>la<span class=\"__1 _1bc\"> </span>compa\u00f1\u00eda <span class=\"__1 _c8\"></span>se <span class=\"__1 _c8\"></span>realizan <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>acuerd<span class=\"__1 _6\"></span>o <span class=\"__1 _c8\"></span>a <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>u <span class=\"__1 _c8\"></span>Pol\u00edtica <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>Ge<span class=\"__1 _6\"></span>sti\u00f3n. <span class=\"__1 _c8\"> </span>El <span class=\"__1 _c8\"> </span>sistema <span class=\"__1 _c8\"> </span>est\u00e1 <span class=\"__1 _c8\"></span>implantado <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>acuerd<span class=\"__1 _6\"></span>o <span class=\"__1 _c8\"></span>a <span class=\"__1 _4\"></span>las<span class=\"__1 _1bc\"> </span>siguientes normas<span class=\"__1 _6\"></span> internacionales:<span class=\"__1 _1bc\"> </span>\u2022<span class=\"ff2_1\"> <span class=\"__1 _15d\"> </span><span class=\"ff4 fc0_1\">UNE-<span class=\"ls18\">EN</span>-ISO 9001, de gesti\u00f3n d<span class=\"__1 _6\"></span>e la calidad<span class=\"__1 _1bc\"> </span></span></span>\u2022<span class=\"ff2_1\"> <span class=\"__1 _15d\"> </span><span class=\"ff4 fc0_1\">UNE-<span class=\"ls18\">EN</span>-ISO 14001, de gesti\u00f3<span class=\"__1 _6\"></span>n medioambiental<span class=\"__1 _1bc\"> </span></span></span>\u2022<span class=\"ff2_1\"> <span class=\"__1 _15d\"> </span><span class=\"ff4 fc0_1\">UNE-<span class=\"ls18\">EN</span>-ISO 45001, de gesti\u00f3<span class=\"__1 _6\"></span>n de la segurid<span class=\"__1 _6\"></span>ad y la salud en el trabaj<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span></span></span>\u2022<span class=\"ff2_1\"> <span class=\"__1 _15d\"> </span><span class=\"ff4 fc0_1\">UNE-<span class=\"ls18\">EN</span>-ISO 50001 de ges<span class=\"__1 _6\"></span>ti\u00f3n de la energ\u00eda<span class=\"__1 _1bc\"> </span></span></span>Este <span class=\"__1 _ce\"> </span>sistema <span class=\"__1 _ce\"> </span>est\u00e1 <span class=\"__1 _ce\"> </span>certificado <span class=\"__1 _ce\"> </span>p<span class=\"__1 _6\"></span>or <span class=\"__1 _ce\"> </span>un <span class=\"__1 _ce\"> </span>organismo <span class=\"__1 _ce\"> </span>acreditado <span class=\"__1 _ce\"> </span>que <span class=\"__1 _ce\"> </span>realiza <span class=\"__1 _ce\"> </span>anualmente <span class=\"__1 _ce\"> </span>las <span class=\"__1 _ce\"> </span>au<span class=\"__1 _6\"></span>ditor\u00edas<span class=\"__1 _1bc\"> </span>correspondientes. Adem\u00e1s, <span class=\"__1 _4\"></span>las <span class=\"__1 _4\"></span>biof\u00e1bricas<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>Pontevedra <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>N<span class=\"__1 _6\"></span>avia <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>centro <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>operacion<span class=\"__1 _6\"></span>es <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>energ\u00eda <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>Huelva <span class=\"__1 _4\"></span>fuero<span class=\"__1 _8\"></span><span class=\"ls14\">n<span class=\"__1 _1bc\"> </span></span>pioneras <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>sus <span class=\"__1 _8\"></span>respectivas <span class=\"__1 _8\"></span>Comun<span class=\"__1 _6\"></span>idades <span class=\"__1 _8\"></span>Aut\u00f3nomas <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>adherirse <span class=\"__1 _8\"></span>al <span class=\"__1 _8\"></span>Reglamento <span class=\"__1 _8\"></span>1221/2009 <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>Uni\u00f3n<span class=\"__1 _1bc\"> </span>Europea <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>Ecogesti\u00f3n <span class=\"__1 _8\"></span>y <span class=\"__1 _6\"></span>E<span class=\"__1 _6\"></span>coauditor\u00eda <span class=\"__1 _8\"></span>(EMAS). <span class=\"__1 _6\"></span>Para<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>forma<span class=\"__1 _6\"></span>r <span class=\"__1 _8\"></span>parte <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>este <span class=\"__1 _8\"></span>registro, <span class=\"__1 _8\"></span>las <span class=\"__1 _6\"></span>in<span class=\"__1 _6\"></span>stalaciones <span class=\"__1 _8\"></span>deben<span class=\"__1 _1bc\"> </span>realizar y <span class=\"__1 _6\"></span>auditar <span class=\"__1 _6\"></span>por <span class=\"__1 _6\"></span>un organismo <span class=\"__1 _6\"></span>acreditado <span class=\"__1 _6\"></span>ind<span class=\"__1 _6\"></span>ependie<span class=\"__1 _6\"></span>nte su <span class=\"__1 _6\"></span>Declaraci\u00f3n <span class=\"__1 _6\"></span>Ambiental <span class=\"__1 _6\"></span>anual, <span class=\"__1 _6\"></span>documento<span class=\"__1 _1bc\"> </span>en el q<span class=\"__1 _6\"></span>ue se <span class=\"__1 _6\"></span>reportan sus p<span class=\"__1 _6\"></span>rincipales indicado<span class=\"__1 _6\"></span>res de desem<span class=\"__1 _6\"></span>pe\u00f1o ambienta<span class=\"__1 _6\"></span>l, as\u00ed <span class=\"__1 _6\"></span>como sus ob<span class=\"__1 _6\"></span>jetivos <span class=\"__1 _6\"></span>anuales<span class=\"__1 _1bc\"> </span>y su nivel de cumplimiento<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span>A <span class=\"__1 _4\"></span>principios <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>2024, <span class=\"__1 _8\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>os <span class=\"__1 _4\"></span>Biof\u00e1bricas <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>celulos<span class=\"__1 _6\"></span>a, <span class=\"__1 _4\"></span>se <span class=\"__1 _8\"></span>certificar\u00e1n<span class=\"__1 _8\"></span> <span class=\"__1 _8\"></span>ta<span class=\"__1 _6\"></span>mbi\u00e9n <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>acuerdo <span class=\"__1 _4\"></span>a <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>Norma <span class=\"__1 _8\"></span>ISO<span class=\"__1 _1bc\"> </span>22001 de seguridad alim<span class=\"__1 _6\"></span>entaria, en cu<span class=\"__1 _6\"></span>ya implantaci\u00f3n h<span class=\"__1 _6\"></span>an trabajado a<span class=\"__1 _6\"></span> lo largo de 2023.<span class=\"__1 _1bc\"> </span>Otras certificaciones de<span class=\"__1 _6\"></span> excelencia am<span class=\"__1 _6\"></span>biental<span class=\"__1 _1bc\"> </span>El excelente desempe\u00f1o ambiental de las biof\u00e1bricas de Ence permite que <span class=\"__1 _5\"></span>la celulosa que <span class=\"__1 _6\"></span>pro<span class=\"__1 _6\"></span>ducen cuente<span class=\"__1 _1bc\"> </span>tambi\u00e9n desd<span class=\"__1 _6\"></span>e 2014 con<span class=\"__1 _6\"></span> la <span class=\"__1 _6\"></span>aprobaci\u00f3n d<span class=\"__1 _6\"></span>e la <span class=\"__1 _6\"></span>etiqueta Nordic Swan <span class=\"__1 _6\"></span>Ecolabel <span class=\"__1 _6\"></span>por cumplir <span class=\"__1 _6\"></span>con los <span class=\"__1 _6\"></span>est\u00e1ndares<span class=\"__1 _1bc\"> </span>m\u00e1s <span class=\"__1 _c8\"> </span>exigentes <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>respeto <span class=\"__1 _c8\"> </span>ambienta<span class=\"__1 _6\"></span>l. <span class=\"__1 _c8\"> </span>Tras <span class=\"__1 _c6\"> </span>un <span class=\"__1 _c6\"> </span>riguroso <span class=\"__1 _c8\"> </span>proceso <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>evaluaci\u00f3n <span class=\"__1 _c6\"> </span>del <span class=\"__1 _c8\"> </span>impacto <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c6\"> </span>el <span class=\"__1 _c8\"> </span>medio<span class=\"__1 _1bc\"> </span>ambiente <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>roductos <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>lo <span class=\"__1 _6\"></span>largo <span class=\"__1 _4\"></span>de <span class=\"__1 _6\"></span>todo <span class=\"__1 _6\"></span>su <span class=\"__1 _8\"></span>ciclo <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>vida, <span class=\"__1 _8\"></span>esta <span class=\"__1 _8\"></span>ecoetiqueta <span class=\"__1 _6\"></span>garan<span class=\"__1 _6\"></span>tiza <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>cumplimiento<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _4\"></span>sus <span class=\"__1 _8\"></span>exigentes <span class=\"__1 _4\"></span>requisitos <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>m<span class=\"__1 _5\"></span>ateria <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>miti<span class=\"__1 _6\"></span>gaci\u00f3n <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>cambio <span class=\"__1 _4\"></span>clim\u00e1tico, <span class=\"__1 _4\"></span>eficiencia <span class=\"__1 _8\"></span>e<span class=\"__1 _6\"></span>nerg\u00e9tica <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>uso <span class=\"__1 _4\"></span>de<span class=\"__1 _1bc\"> </span>recursos <span class=\"__1 _4\"></span>(agua, <span class=\"__1 _4\"></span>productos <span class=\"__1 _4\"></span>qu\u00edmicos <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>materias <span class=\"__1 _4\"></span>primas). <span class=\"__1 _4\"></span>La <span class=\"__1 _4\"></span>celulosa <span class=\"__1 _4\"></span>producida <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>la<span class=\"__1 _8\"></span>s <span class=\"__1 _4\"></span>biof\u00e1bricas <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>En<span class=\"__1 _6\"></span>ce<span class=\"__1 _1bc\"> </span>tambi\u00e9n <span class=\"__1 _6\"></span>ha <span class=\"__1 _8\"></span>sido <span class=\"__1 _6\"></span>validada <span class=\"__1 _8\"></span>como materia <span class=\"__1 _8\"></span>prima <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>acuerd<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>Decisi\u00f3n <span class=\"__1 _6\"></span>(EU) <span class=\"__1 _6\"></span>2019/70 <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>Uni\u00f3n <span class=\"__1 _8\"></span>Europea<span class=\"__1 _1bc\"> </span>por <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _6\"></span>se <span class=\"__1 _8\"></span>establecen <span class=\"__1 _8\"></span>los <span class=\"__1 _6\"></span>criterios <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>Etiq<span class=\"__1 _6\"></span>ueta <span class=\"__1 _6\"></span>Ecol\u00f3gica <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>UE <span class=\"__1 _6\"></span>(EU <span class=\"__1 _8\"></span>Ecolabel) <span class=\"__1 _8\"></span>para <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>papel <span class=\"__1 _8\"></span>gr\u00e1fico,<span class=\"__1 _1bc\"> </span>para el papel tis\u00fa<span class=\"__1 _6\"></span> y los prod<span class=\"__1 _6\"></span>uctos de papel tis\u00fa<span class=\"__1 _6\"></span>. En cuanto <span class=\"__1 _5\"></span>al desempe\u00f1o <span class=\"__1 _70\"></span>en econom\u00eda circular, e<span class=\"__1 _5\"></span>n 2023 <span class=\"__1 _70\"></span>En<span class=\"__1 _6\"></span>ce ha <span class=\"__1 _5\"></span>conseguido revalidar el <span class=\"__1 _70\"></span>certificado de <span class=\"__1 _5\"></span>todas<span class=\"__1 _1bc\"> </span>sus <span class=\"__1 _4\"></span>plantas <span class=\"__1 _4\"></span>con <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>sello <span class=\"__1 _4\"></span>Residuo <span class=\"__1 _4\"></span>Cero <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>AEN<span class=\"__1 _6\"></span>OR, <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>reconoce <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>aquellas<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>instalaciones <span class=\"__1 _4\"></span>referentes <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>la<span class=\"__1 _1bc\"> </span>gesti\u00f3n y valo<span class=\"__1 _6\"></span>rizaci\u00f3n de residuos<span class=\"__1 _6\"></span> que recuperan al menos el 90% d<span class=\"__1 _6\"></span>e sus residuo<span class=\"__1 _6\"></span>s.<span class=\"__1 _1bc\"> </span>Desde <span class=\"__1 _6\"></span>202<span class=\"__1 _6\"></span>1, <span class=\"__1 _8\"></span>Ence <span class=\"__1 _8\"></span>tambi\u00e9n <span class=\"__1 _8\"></span>tiene <span class=\"__1 _8\"></span>implantado <span class=\"__1 _8\"></span>un <span class=\"__1 _8\"></span>sistema <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>gesti\u00f3n <span class=\"__1 _8\"></span>para <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>emostrar <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>sostenibilidad<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>la<span class=\"__1 _1bc\"> </span>biomasa <span class=\"__1 _4\"></span>que <span class=\"__1 _8\"></span>utiliza <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>us <span class=\"__1 _8\"></span>instalaciones <span class=\"__1 _4\"></span>seg\u00fan <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>esquema <span class=\"__1 _4\"></span>alem<span class=\"__1 _5\"></span>\u00e1n <span class=\"__1 _8\"></span>SURE. <span class=\"__1 _4\"></span>Este <span class=\"__1 _8\"></span>sistema <span class=\"__1 _4\"></span>de<span class=\"__1 _5\"></span> <span class=\"__1 _8\"></span>ce<span class=\"__1 _8\"></span>rtificaci\u00f3n <span class=\"__1 _8\"></span>es<span class=\"__1 _1bc\"> </span>una <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>herramientas<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>desarrolladas<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>para <span class=\"__1 _8\"></span>as<span class=\"__1 _6\"></span>egurar <span class=\"__1 _8\"></span>el <span class=\"__1 _4\"></span>cu<span class=\"__1 _5\"></span>mplimiento <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>las <span class=\"__1 _4\"></span>exige<span class=\"__1 _5\"></span>ncias <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>Directiva <span class=\"__1 _8\"></span>de<span class=\"__1 _1bc\"> </span>Energ\u00edas <span class=\"__1 _4\"></span>Renovables <span class=\"__1 _4\"></span>(UE) <span class=\"__1 _8\"></span>2018/200<span class=\"__1 _6\"></span>1, <span class=\"__1 _4\"></span>norma <span class=\"__1 _8\"></span>euro<span class=\"__1 _6\"></span>pea <span class=\"__1 _4\"></span>que <span class=\"__1 _8\"></span>esta<span class=\"__1 _6\"></span>blece <span class=\"__1 _4\"></span>exigentes <span class=\"__1 _8\"></span>cr<span class=\"__1 _6\"></span>iterios <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>so<span class=\"__1 _6\"></span>stenibilidad<span class=\"__1 _1bc\"> </span>que <span class=\"__1 _4\"></span>debe <span class=\"__1 _4\"></span>cumplir <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>biomasa <span class=\"__1 _4\"></span>empleada <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>generaci\u00f3n <span class=\"__1 _4\"></span>energ\u00e9<span class=\"__1 _5\"></span>tica. <span class=\"__1 _4\"></span>En <span class=\"__1 _4\"></span>2023, <span class=\"__1 _4\"></span>todas <span class=\"__1 _4\"></span>las <span class=\"__1 _8\"></span>ins<span class=\"__1 _6\"></span>talaciones <span class=\"__1 _4\"></span>de<span class=\"__1 _1bc\"> </span>Ence <span class=\"__1 _8\"></span>cuentan <span class=\"__1 _8\"></span>con <span class=\"__1 _6\"></span>este <span class=\"__1 _8\"></span>certificado <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>compa\u00f1\u00eda <span class=\"__1 _8\"></span>ha <span class=\"__1 _8\"></span>continuado <span class=\"__1 _8\"></span>trabajando <span class=\"__1 _8\"></span>para <span class=\"__1 _6\"></span>pro<span class=\"__1 _6\"></span>mover <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>certificaci\u00f3n<span class=\"__1 _1bc\"> </span>tambi\u00e9n entre sus s<span class=\"__1 _6\"></span>uministradores de biomas<span class=\"__1 _6\"></span>a. En <span class=\"__1 _8\"></span>2023, <span class=\"__1 _8\"></span>Ence <span class=\"__1 _8\"></span>tambi\u00e9n <span class=\"__1 _8\"></span>ha <span class=\"__1 _8\"></span>sido <span class=\"__1 _8\"></span>reconoc<span class=\"__1 _6\"></span>ida <span class=\"__1 _8\"></span>con<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>medalla <span class=\"__1 _8\"></span>platino <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>Ecovadis: <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>m\u00e1xima <span class=\"__1 _8\"></span>calificaci\u00f3n <span class=\"__1 _8\"></span>q<span class=\"__1 _6\"></span>ue<span class=\"__1 _1bc\"> </span>otorga <span class=\"__1 _c8\"> </span>es<span class=\"__1 _6\"></span>ta <span class=\"__1 _c8\"> </span>plataforma <span class=\"__1 _c6\"> </span>especializada <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c8\"> </span>evalu<span class=\"__1 _6\"></span>ar <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c8\"> </span>sos<span class=\"__1 _6\"></span>tenibilidad <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>las <span class=\"__1 _c8\"> </span>compa\u00f1<span class=\"__1 _6\"></span>\u00edas. <span class=\"__1 _c8\"> </span>La <span class=\"__1 _c6\"> </span>puntuaci\u00f3n <span class=\"__1 _c6\"> </span>que<span class=\"__1 _1bc\"> </span>alcanzada <span class=\"__1 _6\"></span>sit\u00faa <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>Ence <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>vanguardia <span class=\"__1 _6\"></span>mundial <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>materia <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>sostenibilidad<span class=\"__1 _6\"></span>. En <span class=\"__1 _6\"></span>concret<span class=\"__1 _8\"></span>o, <span class=\"__1 _6\"></span>Ence <span class=\"__1 _6\"></span>se s<span class=\"__1 _6\"></span>it\u00faa <span class=\"__1 _6\"></span>en<span class=\"__1 _1bc\"> </span>el percentil 99, a la cab<span class=\"__1 _6\"></span>eza del resto de compa\u00f1<span class=\"__1 _6\"></span>\u00edas del sector.<span class=\"__1 _1bc\"> </span>Avanzando hacia la econ<span class=\"__1 _6\"></span>om\u00eda circular<span class=\"__1 _1bc\"> </span>Ence contrib<span class=\"__1 _6\"></span>uye a <span class=\"__1 _6\"></span>avanzar hacia un<span class=\"__1 _6\"></span>a econom\u00eda <span class=\"__1 _6\"></span>circular poniendo <span class=\"__1 _6\"></span>en el mercado <span class=\"__1 _6\"></span>produ<span class=\"__1 _6\"></span>ctos procedentes <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span>fuentes <span class=\"__1 _6\"></span>renovab<span class=\"__1 _6\"></span>les <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>pas<span class=\"__1 _6\"></span>ta <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>celulosa, <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>sus<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>clientes <span class=\"__1 _6\"></span>utilizan <span class=\"__1 _8\"></span>a <span class=\"__1 _6\"></span>su <span class=\"__1 _6\"></span>vez <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>ara <span class=\"__1 _6\"></span>fabricar <span class=\"__1 _6\"></span>prod<span class=\"__1 _6\"></span>uctos<span class=\"__1 _1bc\"> </span>finales <span class=\"__1 _c8\"></span>reciclables <span class=\"__1 _c8\"></span>y <span class=\"__1 _c8\"></span>biodegradables. <span class=\"__1 _c8\"> </span>En<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>cu<span class=\"__1 _6\"></span>anto <span class=\"__1 _c8\"></span>al <span class=\"__1 _c8\"></span>negocio <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"></span>energ\u00eda, <span class=\"__1 _c8\"></span>Ence <span class=\"__1 _c8\"></span>ofrece <span class=\"__1 _c8\"></span>una <span class=\"__1 _c8\"> </span>soluci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>p<span class=\"__1 _6\"></span>ara <span class=\"__1 _c8\"></span>la<span class=\"__1 _1bc\"> </span>gesti\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>residu<span class=\"__1 _6\"></span>os <span class=\"__1 _6\"></span>agr\u00edcolas <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>forestales, <span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>alorizando <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>bi<span class=\"__1 _6\"></span>omasa <span class=\"__1 _6\"></span>para <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>ge<span class=\"__1 _8\"></span>neraci\u00f3n <span class=\"__1 _6\"></span>de<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>energ\u00eda <span class=\"__1 _6\"></span>renov<span class=\"__1 _6\"></span>able<span class=\"__1 _1bc\"> </span>y circularizando es<span class=\"__1 _6\"></span>tos sectores tan relevantes<span class=\"__1 _6\"></span> para el medio rural.<span class=\"__1 _1bc\"> </span>Ence <span class=\"__1 _70\"></span>aplica los <span class=\"__1 _70\"></span>principios <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>la <span class=\"__1 _5\"></span>econom\u00eda <span class=\"__1 _70\"></span>circular <span class=\"__1 _5\"></span>en <span class=\"__1 _70\"></span>su<span class=\"__1 _6\"></span>s <span class=\"__1 _70\"></span>propios <span class=\"__1 _5\"></span>procesos <span class=\"__1 _70\"></span>productivo<span class=\"__1 _6\"></span>s, <span class=\"__1 _70\"></span>buscando alternativas<span class=\"__1 _1bc\"> </span>para <span class=\"__1 _c8\"> </span>reducir <span class=\"__1 _c8\"> </span>el <span class=\"__1 _c8\"> </span>cons<span class=\"__1 _6\"></span>umo <span class=\"__1 _c8\"> </span>espec\u00edfico <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>materiales<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>y <span class=\"__1 _c8\"> </span>para <span class=\"__1 _c8\"> </span>minimizar <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c8\"> </span>gen<span class=\"__1 _6\"></span>eraci\u00f3n <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c8\"> </span>recuperar <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c6\"> </span>mayor<span class=\"__1 _1bc\"> </span>cantidad po<span class=\"__1 _6\"></span>sible de residuos.<span class=\"__1 _1bc\"> </span>Adicionalmente, se<span class=\"__1 _6\"></span> est\u00e1 <span class=\"__1 _6\"></span>trabajan<span class=\"__1 _6\"></span>do en <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>valorizaci\u00f3n <span class=\"__1 _6\"></span>de re<span class=\"__1 _6\"></span>siduos <span class=\"__1 _6\"></span>como escoria<span class=\"__1 _6\"></span>s y <span class=\"__1 _6\"></span>cenizas, <span class=\"__1 _6\"></span>convirti\u00e9ndolos<span class=\"__1 _1bc\"> </span>en subprod<span class=\"__1 _6\"></span>uctos y encontrando n<span class=\"__1 _6\"></span>ichos para dar u<span class=\"__1 _6\"></span>n nuevo uso a estos<span class=\"__1 _8\"></span> productos.<span class=\"__1 _1bc\"> </span>Mitigaci\u00f3n del camb<span class=\"__1 _6\"></span>io clim\u00e1tico y hue<span class=\"__1 _6\"></span>lla de carbono<span class=\"__1 _1bc\"> </span>Ence <span class=\"__1 _4\"></span>contribuye <span class=\"__1 _4\"></span>a <span class=\"__1 _c8\"></span>mitigar <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>cambio <span class=\"__1 _4\"></span>clim\u00e1tico <span class=\"__1 _c8\"></span>a <span class=\"__1 _4\"></span>trav\u00e9s <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>u <span class=\"__1 _4\"></span>propio <span class=\"__1 _4\"></span>modelo <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>negocio. <span class=\"__1 _4\"></span>Por <span class=\"__1 _c8\"></span>una <span class=\"__1 _4\"></span>parte,<span class=\"__1 _1bc\"> </span>gracias  a  su  actividad  en  generaci\u00f3n  de  energ\u00eda  renovab<span class=\"__1 _6\"></span>le  (electricidad  y  calor  industria<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>),  Ence  est\u00e1<span class=\"__1 _1bc\"> </span>ayudand<span class=\"__1 _6\"></span>o a cambiar <span class=\"__1 _6\"></span>el modelo <span class=\"__1 _6\"></span>energ\u00e9tico espa\u00f1<span class=\"__1 _6\"></span>ol, apo<span class=\"__1 _6\"></span>rtando un<span class=\"__1 _6\"></span> tipo d<span class=\"__1 _6\"></span>e energ\u00eda como <span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>la generada <span class=\"__1 _6\"></span>con<span class=\"__1 _1bc\"> </span>biomasa <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>no<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>solo <span class=\"__1 _4\"></span>es <span class=\"__1 _4\"></span>renovable, <span class=\"__1 _4\"></span>sino<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>adem\u00e1s, <span class=\"__1 _4\"></span>aporta <span class=\"__1 _4\"></span>gestion<span class=\"__1 _6\"></span>abilidad, <span class=\"__1 _4\"></span>un<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>factor <span class=\"__1 _4\"></span>con <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>otras<span class=\"__1 _1bc\"> </span>tecnolog\u00edas <span class=\"__1 _cd\"> </span>de <span class=\"__1 _cd\"> </span>generaci\u00f3n <span class=\"__1 _cd\"> </span>renovable <span class=\"__1 _cd\"> </span>no <span class=\"__1 _ce\"> </span>cuentan. <span class=\"__1 _cd\"> </span>El <span class=\"__1 _cd\"> </span>aprovechamiento <span class=\"__1 _cd\"> </span>de <span class=\"__1 _cd\"> </span>la <span class=\"__1 _c9\"> </span>biom<span class=\"__1 _6\"></span>asa <span class=\"__1 _cd\"> </span>excedentaria<span class=\"__1 _1bc\"> </span>representa un<span class=\"__1 _6\"></span>a alternat<span class=\"__1 _6\"></span>iva energ\u00e9tica sostenible <span class=\"__1 _6\"></span>con gran<span class=\"__1 _6\"></span>des ventaja<span class=\"__1 _6\"></span>s medioambientales, <span class=\"__1 _6\"></span>de reducci\u00f3n <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span>emisiones <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>contrib<span class=\"__1 _6\"></span>uci\u00f3n <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>tran<span class=\"__1 _6\"></span>sici\u00f3n <span class=\"__1 _8\"></span>hacia <span class=\"__1 _8\"></span>un <span class=\"__1 _8\"></span>modelo <span class=\"__1 _8\"></span>energ\u00e9tico <span class=\"__1 _8\"></span>b<span class=\"__1 _6\"></span>ajo <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>carbono, <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>l\u00ednea <span class=\"__1 _4\"></span>con <span class=\"__1 _8\"></span>las<span class=\"__1 _1bc\"> </span>directrices de la Uni\u00f3n Eu<span class=\"__1 _6\"></span>ropea y co<span class=\"__1 _6\"></span>n la pol\u00edtica energ\u00e9tica es<span class=\"__1 _6\"></span>pa\u00f1ola.<span class=\"__1 _1bc\"> </span>Por otra <span class=\"__1 _5\"></span>parte, con <span class=\"__1 _5\"></span>su negocio <span class=\"__1 _70\"></span>de producci\u00f3n de <span class=\"__1 _5\"></span>celulosa, Ence <span class=\"__1 _70\"></span>con<span class=\"__1 _6\"></span>tribuye a <span class=\"__1 _5\"></span>cambiar el <span class=\"__1 _70\"></span>mo<span class=\"__1 _6\"></span>delo de <span class=\"__1 _70\"></span>cons<span class=\"__1 _6\"></span>umo<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>sociedad, <span class=\"__1 _6\"></span>ofreciendo <span class=\"__1 _6\"></span>altern<span class=\"__1 _6\"></span>ativas <span class=\"__1 _6\"></span>renovab<span class=\"__1 _6\"></span>les, <span class=\"__1 _6\"></span>reciclables <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>con <span class=\"__1 _6\"></span>me<span class=\"__1 _6\"></span>nor <span class=\"__1 _6\"></span>huella <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>car<span class=\"__1 _6\"></span>bono <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>prod<span class=\"__1 _6\"></span>uctos<span class=\"__1 _1bc\"> </span>como el pl\u00e1stico.<span class=\"__1 _1bc\"> </span>Adem\u00e1s <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>su <span class=\"__1 _8\"></span>contrib<span class=\"__1 _6\"></span>uci\u00f3n <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>trav<span class=\"__1 _6\"></span>\u00e9s <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>propio <span class=\"__1 _8\"></span>modelo <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>n<span class=\"__1 _6\"></span>egocio <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>compa\u00f1\u00eda,<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>Ence <span class=\"__1 _8\"></span>tambi\u00e9n <span class=\"__1 _8\"></span>trabaja<span class=\"__1 _1bc\"> </span>para <span class=\"__1 _8\"></span>redu<span class=\"__1 _6\"></span>cir <span class=\"__1 _8\"></span>las <span class=\"__1 _4\"></span>em<span class=\"__1 _5\"></span>isiones <span class=\"__1 _4\"></span>de<span class=\"__1 _5\"></span> <span class=\"__1 _8\"></span>gases <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>efecto <span class=\"__1 _8\"></span>invernadero <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>sus <span class=\"__1 _8\"></span>operacion<span class=\"__1 _6\"></span>es. <span class=\"__1 _8\"></span> <span class=\"__1 _4\"></span>En <span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>te <span class=\"__1 _8\"></span>sentido, <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>n <span class=\"__1 _8\"></span>2023<span class=\"__1 _1bc\"> </span>Ence ha definido u<span class=\"__1 _6\"></span>n nuevo plan<span class=\"__1 _6\"></span> de descarbon<span class=\"__1 _6\"></span>izaci\u00f3n <span class=\"__1 _6\"></span>con ho<span class=\"__1 _6\"></span>rizonte 2035, en el<span class=\"__1 _6\"></span> que se <span class=\"__1 _6\"></span>establecen objetivos<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _6\"></span>redu<span class=\"__1 _6\"></span>cci\u00f3n <span class=\"__1 _6\"></span>alin<span class=\"__1 _6\"></span>eados <span class=\"__1 _8\"></span>con <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>objetiv<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>mantener <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>calentamiento <span class=\"__1 _8\"></span>global <span class=\"__1 _8\"></span>por <span class=\"__1 _8\"></span>debajo <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>1,5\u00baC <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>l\u00ednea<span class=\"__1 _1bc\"> </span>con <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>objetivo <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>Acu<span class=\"__1 _6\"></span>erdo <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>Par\u00eds. <span class=\"__1 _8\"></span>E<span class=\"__1 _6\"></span>n <span class=\"__1 _8\"></span>ese <span class=\"__1 _8\"></span>contexto, <span class=\"__1 _8\"></span>desd<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>Julio <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>2023, <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>tras<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>desarrollar <span class=\"__1 _8\"></span>con<span class=\"__1 _8\"></span> <span class=\"__1 _8\"></span>\u00e9xito <span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>a<span class=\"__1 _1bc\"> </span>investigaci\u00f3n <span class=\"__1 _8\"></span>y <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>ejecuci\u00f3n <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>royecto <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>conseguir <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>Autorizaci\u00f3n <span class=\"__1 _8\"></span>Administrativa, <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>Biof\u00e1brica <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>Navia<span class=\"__1 _1bc\"> </span>ha <span class=\"__1 _6\"></span>conseguido <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>ustituir <span class=\"__1 _6\"></span>parte <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>su<span class=\"__1 _6\"></span> con<span class=\"__1 _6\"></span>sumo <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>combus<span class=\"__1 _6\"></span>tibles <span class=\"__1 _6\"></span>f\u00f3siles <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>hornos <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>cal<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>por <span class=\"__1 _6\"></span>biometanol,<span class=\"__1 _1bc\"> </span>que es un b<span class=\"__1 _6\"></span>iocombustible renovab<span class=\"__1 _6\"></span>le obten<span class=\"__1 _6\"></span>ido a partir d<span class=\"__1 _6\"></span>el tratamiento de los gases de la digesti\u00f3n<span class=\"__1 _6\"></span>. Gesti\u00f3n agroforestal soste<span class=\"__1 _6\"></span>nible<span class=\"__1 _1bc\"> </span>Durante  el <span class=\"__1 _c6\"> </span>a\u00f1<span class=\"__1 _6\"></span>o  2023, <span class=\"__1 _ca\"> </span>Ence  ha  reforzado <span class=\"__1 _ca\"> </span>su  pos<span class=\"__1 _6\"></span>ici\u00f3n  como <span class=\"__1 _c6\"> </span>p<span class=\"__1 _6\"></span>rimer  gestor  forestal <span class=\"__1 _c6\"> </span>p<span class=\"__1 _6\"></span>rivado  y  actor  de<span class=\"__1 _1bc\"> </span>referencia en el <span class=\"__1 _5\"></span>mercado de productos basados en la mader<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span> en Espa\u00f1a, habiendo sumado <span class=\"__1 _5\"></span>a su patrimonio<span class=\"__1 _1bc\"> </span>forestal m\u00e1s de 3.330 he<span class=\"__1 _6\"></span>ct\u00e1reas p<span class=\"__1 _6\"></span>rocedentes del antiguo p<span class=\"__1 _6\"></span>atrimonio de Sniace en 2023 En <span class=\"__1 _c8\"> </span>este <span class=\"__1 _c8\"> </span>sentid<span class=\"__1 _6\"></span>o, <span class=\"__1 _c8\"> </span>Ence <span class=\"__1 _c8\"> </span>gestion<span class=\"__1 _6\"></span>a <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c8\"> </span>cadena <span class=\"__1 _c8\"> </span>comp<span class=\"__1 _6\"></span>leta <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"> </span>valo<span class=\"__1 _6\"></span>r <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c8\"> </span>el <span class=\"__1 _c8\"> </span>\u00e1rea <span class=\"__1 _c6\"> </span>forestal <span class=\"__1 _c8\"> </span>(desde <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c6\"> </span>plantaci\u00f3n <span class=\"__1 _c8\"> </span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span>aprovechamiento <span class=\"__1 _cb\"> </span>de <span class=\"__1 _150\"> </span>los <span class=\"__1 _cb\"> </span>recurso<span class=\"__1 _6\"></span>s <span class=\"__1 _150\"> </span>foresta<span class=\"__1 _6\"></span>les), <span class=\"__1 _150\"> </span>en <span class=\"__1 _cb\"> </span>sus <span class=\"__1 _cb\"> </span>m<span class=\"__1 _5\"></span>ontes <span class=\"__1 _cb\"> </span>patrimoniales, <span class=\"__1 _cb\"> </span>que  incluyen <span class=\"__1 _cb\"> </span>montes <span class=\"__1 _cb\"> </span>en<span class=\"__1 _1bc\"> </span>propiedad <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>superficies <span class=\"__1 _8\"></span>cons<span class=\"__1 _6\"></span>orciadas <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>arrendadas <span class=\"__1 _4\"></span>a <span class=\"__1 _8\"></span>terceros <span class=\"__1 _8\"></span>a <span class=\"__1 _4\"></span>trav\u00e9s <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>sus <span class=\"__1 _8\"></span>empresas <span class=\"__1 _8\"></span>pat<span class=\"__1 _6\"></span>rimoniales. <span class=\"__1 _8\"></span>La<span class=\"__1 _1bc\"> </span>puesta <span class=\"__1 _c8\"></span>en <span class=\"__1 _4\"></span>valor <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>las <span class=\"__1 _c8\"></span>superficies <span class=\"__1 _4\"></span>gestionadas<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>por <span class=\"__1 _4\"></span>Ence <span class=\"__1 _c8\"></span>supone <span class=\"__1 _4\"></span>cada <span class=\"__1 _4\"></span>a\u00f1<span class=\"__1 _6\"></span>o <span class=\"__1 _4\"></span>import<span class=\"__1 _8\"></span>antes <span class=\"__1 _4\"></span>inversiones <span class=\"__1 _c8\"> </span>en <span class=\"__1 _4\"></span>el<span class=\"__1 _1bc\"> </span>conjunto  del <span class=\"__1 _c6\"> </span>patrimonio  destinadas  a<span class=\"__1 _5\"></span> <span class=\"__1 _c6\"> </span>tra<span class=\"__1 _6\"></span>bajos  silv\u00edcolas, <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>repob<span class=\"__1 _6\"></span>laci\u00f3n,  me<span class=\"__1 _5\"></span>jora  de <span class=\"__1 _c6\"> </span>infraestructuras  y<span class=\"__1 _1bc\"> </span>defensa <span class=\"__1 _8\"></span>contra <span class=\"__1 _8\"></span>incendios, <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>pago <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>rentas. <span class=\"__1 _8\"></span>Esta <span class=\"__1 _8\"></span>producci\u00f3n <span class=\"__1 _8\"></span>e <span class=\"__1 _6\"></span>inv<span class=\"__1 _6\"></span>ersiones, <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>un <span class=\"__1 _6\"></span>marco <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>sostenibilidad<span class=\"__1 _1bc\"> </span>ambiental y social, <span class=\"__1 _6\"></span>supo<span class=\"__1 _6\"></span>nen una importante aportaci\u00f3n<span class=\"__1 _6\"></span> directa de la compa\u00f1\u00eda en el me<span class=\"__1 _6\"></span>dio rural.<span class=\"__1 _1bc\"> </span>De <span class=\"__1 _cf\"> </span>forma <span class=\"__1 _cc\"> </span>compl<span class=\"__1 _6\"></span>ementaria <span class=\"__1 _cc\"> </span>a <span class=\"__1 _cc\"> </span>su <span class=\"__1 _cc\"> </span>actividad <span class=\"__1 _cc\"> </span>patrimonial, <span class=\"__1 _cc\"> </span>Ence <span class=\"__1 _cc\"> </span>mantiene <span class=\"__1 _cc\"> </span>y <span class=\"__1 _cc\"> </span>refuerza <span class=\"__1 _cf\"> </span>su <span class=\"__1 _cc\"> </span>pol\u00edtica <span class=\"__1 _cc\"> </span>de<span class=\"__1 _1bc\"> </span>aprovision<span class=\"__1 _6\"></span>amiento  de <span class=\"__1 _cb\"> </span>madera  a <span class=\"__1 _cb\"> </span>trav\u00e9s  de <span class=\"__1 _cb\"> </span>las  \u00e1reas  d<span class=\"__1 _6\"></span>e  Compras <span class=\"__1 _cb\"> </span>de  Madera <span class=\"__1 _150\"> </span>en <span class=\"__1 _cb\"> </span>Pie  (donde <span class=\"__1 _cb\"> </span>Ence  es<span class=\"__1 _1bc\"> </span>responsable d<span class=\"__1 _6\"></span>e la compra al propietario, su conformidad administrativa <span class=\"__1 _6\"></span>y normativa, el aprovechamiento y<span class=\"__1 _1bc\"> </span>el <span class=\"__1 _c8\"> </span>trans<span class=\"__1 _6\"></span>porte <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>madera <span class=\"__1 _c6\"> </span>a <span class=\"__1 _c6\"> </span>planta) <span class=\"__1 _c6\"> </span>y <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"> </span>Suministro<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>(en <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c6\"> </span>que <span class=\"__1 _c6\"> </span>Ence <span class=\"__1 _c8\"> </span>compra <span class=\"__1 _c6\"> </span>dir<span class=\"__1 _6\"></span>ectamente <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c8\"> </span>madera <span class=\"__1 _c6\"> </span>a<span class=\"__1 _1bc\"> </span>rematantes que interm<span class=\"__1 _6\"></span>edian con la pro<span class=\"__1 _6\"></span>piedad).<span class=\"__1 _1bc\"> </span>En <span class=\"ls0_1\">ambos casos, gesti\u00f3n<span class=\"__1 _6\"></span> patrimonial y compras a<span class=\"__1 _6\"></span> terceros, los requisito<span class=\"__1 _6\"></span>s de gesti\u00f3n y sostenibilidad s<span class=\"__1 _6\"></span>on los<span class=\"__1 _1bc\"> </span></span>mismos, <span class=\"__1 _5\"></span>y <span class=\"__1 _5\"></span>se <span class=\"__1 _5\"></span>desarrollan <span class=\"__1 _5\"></span>en <span class=\"__1 _5\"></span>el <span class=\"__1 _70\"></span>marco del <span class=\"__1 _70\"></span>Sistema <span class=\"__1 _5\"></span>Integrado de <span class=\"__1 _70\"></span>Gesti\u00f3n Agroforestal <span class=\"__1 _70\"></span>(SIGFA), que <span class=\"__1 _70\"></span>tiene como<span class=\"__1 _1bc\"> </span>bases <span class=\"__1 _c6\"> </span>normativas <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c8\"> </span>el <span class=\"__1 _c6\"> </span>caso <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c8\"> </span>mad<span class=\"__1 _6\"></span>era <span class=\"__1 _c8\"> </span>el<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>cumplimien<span class=\"__1 _6\"></span>to <span class=\"__1 _c8\"> </span>legal, <span class=\"__1 _c6\"> </span>y <span class=\"__1 _c6\"> </span>los <span class=\"__1 _c8\"> </span>est\u00e1n<span class=\"__1 _6\"></span>dares <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>Gesti\u00f3n <span class=\"__1 _c8\"> </span>Fores<span class=\"__1 _6\"></span>tal<span class=\"__1 _1bc\"> </span>Sostenible y<span class=\"__1 _6\"></span> de <span class=\"__1 _6\"></span>Cadena de <span class=\"__1 _6\"></span>Custodia <span class=\"__1 _6\"></span>de los referentes <span class=\"__1 _6\"></span>FSC\u00ae, con <span class=\"__1 _6\"></span>n\u00fameros <span class=\"__1 _6\"></span>de licencia <span class=\"__1 _6\"></span>FSC\u00ae<span class=\"__1 _6\"></span>-C099970 <span class=\"__1 _6\"></span>y FSC\u00ae<span class=\"__1 _6\"></span>-<span class=\"__1 _1bc\"> </span>C081854 <span class=\"__1 _6\"></span>(Fores<span class=\"__1 _6\"></span>t <span class=\"__1 _6\"></span>Stewards<span class=\"__1 _6\"></span>hip <span class=\"__1 _8\"></span>Council\u00ae) <span class=\"__1 _6\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>PE<span class=\"__1 _6\"></span>FC, <span class=\"__1 _6\"></span>con <span class=\"__1 _8\"></span>n\u00fameros <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>licencia <span class=\"__1 _6\"></span>PEFC/14<span class=\"__1 _6\"></span>-<span class=\"ls12\">22<span class=\"__1 _6\"></span></span>-00010 <span class=\"__1 _6\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>PE<span class=\"__1 _6\"></span>FC/14-<span class=\"ls12\">33</span>-<span class=\"__1 _1bc\"> </span>00001 (Programme for the E<span class=\"__1 _6\"></span>ndors<span class=\"__1 _6\"></span>ement of Forest Certification<span class=\"__1 _6\"></span>).<span class=\"__1 _1bc\"> </span>La <span class=\"__1 _70\"></span>Direcci\u00f3n <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>Sostenib<span class=\"__1 _6\"></span>ilidad <span class=\"__1 _70\"></span>Agroforesta<span class=\"__1 _6\"></span>l <span class=\"__1 _70\"></span>es <span class=\"__1 _5\"></span>la <span class=\"__1 _70\"></span>encargada de <span class=\"__1 _70\"></span>realizar <span class=\"__1 _70\"></span>el <span class=\"__1 _70\"></span>segui<span class=\"__1 _6\"></span>miento <span class=\"__1 _70\"></span>del <span class=\"__1 _5\"></span>cumplimiento le<span class=\"__1 _5\"></span>gal<span class=\"__1 _1bc\"> </span>y normativ<span class=\"__1 _6\"></span>o de <span class=\"__1 _6\"></span>todas las <span class=\"__1 _6\"></span>fuentes de <span class=\"__1 _6\"></span>materias primas<span class=\"__1 _6\"></span> para produ<span class=\"__1 _6\"></span>cci\u00f3n de <span class=\"__1 _6\"></span>madera <span class=\"__1 _8\"></span>y energ\u00eda, <span class=\"__1 _6\"></span>ya se <span class=\"__1 _6\"></span>produzca<span class=\"__1 _1bc\"> </span>en superficies propias<span class=\"__1 _6\"></span>, como en las d<span class=\"__1 _6\"></span>e terceros (compras en p<span class=\"__1 _6\"></span>ie y suministro<span class=\"__1 _6\"></span>s).<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _4\"></span>ref<span class=\"__1 _5\"></span>uerzo <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>marco <span class=\"__1 _4\"></span>normativo <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>referencia, <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>concreto <span class=\"__1 _4\"></span>los <span class=\"__1 _8\"></span>as<span class=\"__1 _6\"></span>pectos <span class=\"__1 _4\"></span>derivados <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>cu<span class=\"__1 _6\"></span>mplimiento <span class=\"__1 _4\"></span>del<span class=\"__1 _1bc\"> </span>Reglamento  EUTR  de <span class=\"__1 _c6\"> </span>Diligen<span class=\"__1 _6\"></span>cia  Debida <span class=\"__1 _ca\"> </span>de  la <span class=\"__1 _c6\"> </span>made<span class=\"__1 _6\"></span>ra,  contin\u00faa  siendo  uno  de <span class=\"__1 _c6\"> </span>los  principales  valores<span class=\"__1 _1bc\"> </span>sectoriales. La<span class=\"__1 _6\"></span> actividad <span class=\"__1 _6\"></span>de E<span class=\"__1 _6\"></span>nce en este <span class=\"__1 _6\"></span>sentido, sigue <span class=\"__1 _6\"></span>siendo el <span class=\"__1 _6\"></span>impulso de <span class=\"__1 _6\"></span>dicho <span class=\"__1 _6\"></span>marco a lo <span class=\"__1 _6\"></span>largo de <span class=\"__1 _6\"></span>toda<span class=\"__1 _1bc\"> </span>la <span class=\"__1 _6\"></span>cad<span class=\"__1 _6\"></span>ena <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>Suminis<span class=\"__1 _6\"></span>tro, <span class=\"__1 _8\"></span>garantizando <span class=\"__1 _8\"></span>que <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>producci\u00f3n <span class=\"__1 _8\"></span>final <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>rovenga <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>iempre <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>fuentes <span class=\"__1 _8\"></span>trazab<span class=\"__1 _8\"></span>les <span class=\"__1 _8\"></span>con<span class=\"__1 _1bc\"> </span>m\u00e1ximo <span class=\"__1 _8\"></span>rigor <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>cumplimiento <span class=\"__1 _8\"></span>legal. <span class=\"__1 _8\"></span>E<span class=\"__1 _6\"></span>n <span class=\"__1 _8\"></span>este <span class=\"__1 _8\"></span>sentido, <span class=\"__1 _8\"></span>Ence <span class=\"__1 _6\"></span>tra<span class=\"__1 _6\"></span>baja <span class=\"__1 _8\"></span>intens<span class=\"__1 _6\"></span>amente <span class=\"__1 _8\"></span>con <span class=\"__1 _8\"></span>todos <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>actores<span class=\"__1 _1bc\"> </span>del s<span class=\"__1 _6\"></span>ector <span class=\"__1 _6\"></span>para <span class=\"__1 _6\"></span>lograr <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>implantaci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>las mejores <span class=\"__1 _6\"></span>t\u00e9cnicas<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e seguimiento <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>respecto, <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>su <span class=\"__1 _6\"></span>transmisi\u00f3n<span class=\"__1 _1bc\"> </span>a <span class=\"__1 _8\"></span>sus <span class=\"__1 _6\"></span>colab<span class=\"__1 _6\"></span>oradores, <span class=\"__1 _8\"></span>para <span class=\"__1 _6\"></span>lo <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>hay<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>un <span class=\"__1 _6\"></span>contacto<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>con<span class=\"__1 _6\"></span>tinuo <span class=\"__1 _6\"></span>con<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>ellos <span class=\"__1 _6\"></span>qu<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>permite <span class=\"__1 _8\"></span>transmitir <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>requisitos<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _ce\"> </span>ges<span class=\"__1 _6\"></span>ti\u00f3n <span class=\"__1 _cf\"> </span>deseables <span class=\"__1 _cf\"> </span>y <span class=\"__1 _cf\"> </span>esperados, <span class=\"__1 _cf\"> </span>incluyendo <span class=\"__1 _cf\"> </span>los <span class=\"__1 _cf\"> </span>aspectos <span class=\"__1 _cf\"> </span>voluntarios <span class=\"__1 _cf\"> </span>(esencialmente <span class=\"__1 _cf\"> </span>sociales <span class=\"__1 _cf\"> </span>y<span class=\"__1 _1bc\"> </span>ambientales) destinad<span class=\"__1 _6\"></span>os a la perdu<span class=\"__1 _6\"></span>rabilidad en el tiempo d<span class=\"__1 _6\"></span>e las masas<span class=\"__1 _6\"></span>, la minimizaci\u00f3n d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>los imp<span class=\"__1 _6\"></span>actos, de<span class=\"__1 _1bc\"> </span>la <span class=\"__1 _4\"></span>actividad, <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>mantenim<span class=\"__1 _6\"></span>iento <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>iversidad <span class=\"__1 _4\"></span>estructu<span class=\"__1 _6\"></span>ral <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>espec\u00edfica <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>formaciones<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>forestales, <span class=\"__1 _4\"></span>el<span class=\"__1 _1bc\"> </span>fomento d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>multifuncion<span class=\"__1 _6\"></span>alidad <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>bienes <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>servicios<span class=\"__1 _6\"></span>, <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>innovaci\u00f3n <span class=\"__1 _6\"></span>con<span class=\"__1 _6\"></span>tinua, <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>principios<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e extens<span class=\"__1 _6\"></span>i\u00f3n<span class=\"__1 _1bc\"> </span>forestal al mundo ru<span class=\"__1 _6\"></span>ral, la p<span class=\"__1 _6\"></span>articipaci\u00f3n activa con los<span class=\"__1 _6\"></span> Grupos de Inter\u00e9s, y<span class=\"__1 _6\"></span> la certificaci\u00f3n forestal.<span class=\"__1 _1bc\"> </span>Las mejoras<span class=\"__1 _6\"></span> de <span class=\"__1 _6\"></span>esta pol\u00edtica <span class=\"__1 _6\"></span>se han <span class=\"__1 _6\"></span>podido con<span class=\"__1 _6\"></span>statar a tra<span class=\"__1 _6\"></span>v\u00e9s del <span class=\"__1 _6\"></span>incremento progresivo <span class=\"__1 _6\"></span>de los<span class=\"__1 _6\"></span> po<span class=\"__1 _6\"></span>rcentajes<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _5\"></span>madera <span class=\"__1 _70\"></span>certificada hasta e<span class=\"__1 _5\"></span>l <span class=\"__1 _70\"></span>actual porcentaje <span class=\"__1 _70\"></span>global superior <span class=\"__1 _70\"></span>al <span class=\"ls12\">73%</span>. <span class=\"__1 _70\"></span>E<span class=\"__1 _6\"></span>n <span class=\"__1 _70\"></span>cuan<span class=\"__1 _6\"></span>to <span class=\"__1 _70\"></span>a la <span class=\"__1 _70\"></span>actividad <span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>atrimonial,<span class=\"__1 _1bc\"> </span>alrededor de un 8<span class=\"__1 _6\"></span>4% de la superficie qu<span class=\"__1 _6\"></span>e Ence gestiona est\u00e1 certificado p<span class=\"__1 _6\"></span>or alguno d<span class=\"__1 _6\"></span>e los esquemas.<span class=\"__1 _1bc\"> </span>Adem\u00e1s de promover una gesti\u00f3n forestal sostenible certificad<span class=\"__1 _6\"></span>a, Ence tambi\u00e9n trabaja en la investigaci\u00f3n y<span class=\"__1 _1bc\"> </span>desarrollo <span class=\"__1 _cb\"> </span>de <span class=\"__1 _cb\"> </span>mejores <span class=\"__1 _cb\"> </span>pr\u00e1cticas <span class=\"__1 _cb\"> </span>silv\u00edcolas, <span class=\"__1 _cb\"> </span>planta <span class=\"__1 _cb\"> </span>mejorada <span class=\"__1 _cb\"> </span>para <span class=\"__1 _cb\"> </span>adaptarse <span class=\"__1 _cb\"> </span>a <span class=\"__1 _150\"> </span>las <span class=\"__1 _cb\"> </span>nuevas <span class=\"__1 _cb\"> </span>condiciones<span class=\"__1 _1bc\"> </span>clim\u00e1ticas <span class=\"__1 _c6\"> </span>y <span class=\"__1 _c6\"> </span>m\u00e9todos <span class=\"__1 _c6\"> </span>inno<span class=\"__1 _6\"></span>vadores <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>lucha <span class=\"__1 _c6\"> </span>biol\u00f3gica <span class=\"__1 _c6\"> </span>contra <span class=\"__1 _c6\"> </span>las<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>plaga<span class=\"__1 _6\"></span>s <span class=\"__1 _c6\"> </span>y <span class=\"__1 _c6\"> </span>enfermedades <span class=\"__1 _c6\"> </span>que <span class=\"__1 _c6\"> </span>afectan <span class=\"__1 _c6\"> </span>al<span class=\"__1 _1bc\"> </span>eucalipto.<span class=\"__1 _1bc\"> </span>El  conjunto  de <span class=\"__1 _c6\"> </span>actuacion<span class=\"__1 _6\"></span>es <span class=\"__1 _ca\"> </span>de  I+D+<span class=\"__1 _5\"></span>i  que <span class=\"__1 _c6\"> </span>s<span class=\"__1 _6\"></span>e  desarrollan  en <span class=\"__1 _c6\"> </span>el  marco  de <span class=\"__1 _c6\"> </span>la  actividad  directa <span class=\"__1 _ca\"> </span>de  Ence,<span class=\"__1 _1bc\"> </span>constituyen <span class=\"__1 _6\"></span>un <span class=\"__1 _6\"></span>importan<span class=\"__1 _6\"></span>te s<span class=\"__1 _6\"></span>oporte t\u00e9cnico <span class=\"__1 _8\"></span>y d<span class=\"__1 _6\"></span>e con<span class=\"__1 _6\"></span>ocimiento <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>Ence <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>esfuerza <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>transmitir <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>sector<span class=\"__1 _1bc\"> </span>a <span class=\"__1 _4\"></span>trav\u00e9s <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>foros,<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>charlas. <span class=\"__1 _4\"></span>Aspectos <span class=\"__1 _4\"></span>ta<span class=\"__1 _6\"></span>les <span class=\"__1 _4\"></span>como <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>selvicultu<span class=\"__1 _6\"></span>ra, <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>selecci\u00f3n <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>planta<span class=\"__1 _6\"></span>s, <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>lucha <span class=\"__1 _4\"></span>c<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>tra<span class=\"__1 _1bc\"> </span>plagas, <span class=\"__1 _cb\"> </span>el <span class=\"__1 _cb\"> </span>cumplimiento <span class=\"__1 _cb\"> </span>leg<span class=\"__1 _6\"></span>al <span class=\"__1 _cb\"> </span>o <span class=\"__1 _cb\"> </span>la <span class=\"__1 _cb\"> </span>certificaci\u00f3n <span class=\"__1 _c9\"> </span>forestal, <span class=\"__1 _cb\"> </span>son <span class=\"__1 _cb\"> </span>objeto <span class=\"__1 _c9\"> </span>de <span class=\"__1 _cb\"> </span>transmisi\u00f3n <span class=\"__1 _cb\"> </span>de <span class=\"__1 _cb\"> </span>kno<span class=\"__1 _6\"></span>w<span class=\"__1 _6\"></span>-how <span class=\"__1 _cb\"> </span>a<span class=\"__1 _1bc\"> </span>propietarios <span class=\"__1 _c8\"></span>y <span class=\"__1 _4\"></span>suministrad<span class=\"__1 _6\"></span>ores <span class=\"__1 _4\"></span>y <span class=\"__1 _c8\"></span>al <span class=\"__1 _4\"></span>sector <span class=\"__1 _4\"></span>en <span class=\"__1 _c8\"></span>general, <span class=\"__1 _4\"></span>alimenta<span class=\"__1 _6\"></span>ndo <span class=\"__1 _4\"></span>u<span class=\"__1 _6\"></span>n <span class=\"__1 _4\"></span>continuo <span class=\"__1 _c8\"></span>debate <span class=\"__1 _4\"></span>sobre <span class=\"__1 _c8\"></span>la <span class=\"__1 _4\"></span>mejora<span class=\"__1 _1bc\"> </span>sectorial, incluyendo<span class=\"__1 _6\"></span> aqu\u00ed a la Administraci\u00f3n<span class=\"__1 _6\"></span> y <span class=\"__1 _6\"></span>la sociedad civil.<span class=\"__1 _1bc\"> </span>Otro <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>los <span class=\"__1 _4\"></span>principales <span class=\"__1 _4\"></span>efectos <span class=\"__1 _4\"></span>beneficiosos <span class=\"__1 _8\"></span>a <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>sociedad <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>actividad <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>sum<span class=\"__1 _6\"></span>inistro <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>mad<span class=\"__1 _6\"></span>era, <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>s <span class=\"__1 _4\"></span>la<span class=\"__1 _1bc\"> </span>generaci\u00f3n <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>rentas<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>y <span class=\"__1 _6\"></span>empleo <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>mund<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>ru<span class=\"__1 _6\"></span>ral, <span class=\"__1 _8\"></span>contribuyendo <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>vertebraci\u00f3n <span class=\"__1 _8\"></span>del <span class=\"__1 _6\"></span>territorio <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>\u00e1reas<span class=\"__1 _1bc\"> </span>donde <span class=\"__1 _6\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>actividad<span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>prod<span class=\"__1 _6\"></span>uctoras <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>materia <span class=\"__1 _6\"></span>prima <span class=\"__1 _6\"></span>cons<span class=\"__1 _6\"></span>tituyen <span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>na <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>las <span class=\"__1 _6\"></span>principales <span class=\"__1 _6\"></span>fuentes<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>in<span class=\"__1 _6\"></span>greso<span class=\"__1 _1bc\"> </span>social. <span class=\"__1 _6\"></span>Es<span class=\"__1 _6\"></span>te <span class=\"__1 _6\"></span>aporte <span class=\"__1 _8\"></span>econ\u00f3mico <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>En<span class=\"__1 _6\"></span>ce <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>econom\u00eda <span class=\"__1 _6\"></span>rural, <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>enfoca <span class=\"__1 _6\"></span>no <span class=\"__1 _8\"></span>solo <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>trav\u00e9s <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>desarrollo <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>su<span class=\"__1 _1bc\"> </span>negocio <span class=\"__1 _4\"></span>directo, <span class=\"__1 _4\"></span>sino <span class=\"__1 _4\"></span>mediante <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>nec<span class=\"__1 _6\"></span>esario <span class=\"__1 _4\"></span>aporte <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>mejora <span class=\"__1 _8\"></span>fun<span class=\"__1 _6\"></span>cion<span class=\"__1 _6\"></span>al <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>su <span class=\"__1 _4\"></span>entorno: <span class=\"__1 _4\"></span>financiaci\u00f3n <span class=\"__1 _4\"></span>de<span class=\"__1 _1bc\"> </span>grupos <span class=\"__1 _150\"> </span>d<span class=\"__1 _6\"></span>e  certificaci\u00f3n, <span class=\"__1 _cb\"> </span>bonificaci\u00f3n  de <span class=\"__1 _cb\"> </span>planta,  tra<span class=\"__1 _6\"></span>nsmisi\u00f3n <span class=\"__1 _150\"> </span>d<span class=\"__1 _6\"></span>e  know<span class=\"__1 _8\"></span>-how  a <span class=\"__1 _150\"> </span>pro<span class=\"__1 _6\"></span>pietarios <span class=\"__1 _cb\"> </span>y  empresas<span class=\"__1 _1bc\"> </span>forestales, ap<span class=\"__1 _6\"></span>oyo al <span class=\"__1 _6\"></span>cumplimiento n<span class=\"__1 _6\"></span>ormativo d<span class=\"__1 _6\"></span>e propietarios <span class=\"__1 _6\"></span>y empresas <span class=\"__1 _6\"></span>de servicios<span class=\"__1 _6\"></span>, etc. con <span class=\"__1 _6\"></span>el ob<span class=\"__1 _6\"></span>jeto de<span class=\"__1 _1bc\"> </span>lograr <span class=\"__1 _c8\"></span>un <span class=\"__1 _c8\"></span>aut\u00e9ntico <span class=\"__1 _c8\"> </span>desarroll<span class=\"__1 _6\"></span>o <span class=\"__1 _c8\"></span>sectorial <span class=\"__1 _c8\"></span>a <span class=\"__1 _4\"></span>p<span class=\"__1 _6\"></span>artir <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"></span>las <span class=\"__1 _c8\"></span>bases <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c8\"></span>que <span class=\"__1 _c8\"></span>se <span class=\"__1 _c8\"></span>fijan <span class=\"__1 _c8\"></span>las <span class=\"__1 _c8\"></span>pol\u00edticas <span class=\"__1 _c8\"> </span>ambientales <span class=\"__1 _c8\"> </span>y<span class=\"__1 _1bc\"> </span>sociales del grupo.<span class=\"__1 _1bc\"> </span>En este sentido, Ence promueve el desarrollo de los entornos en los que opera la <span class=\"__1 _5\"></span>compa\u00f1\u00eda, potencian<span class=\"__1 _6\"></span>do la<span class=\"__1 _1bc\"> </span>compra <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>madera <span class=\"__1 _6\"></span>lo<span class=\"__1 _6\"></span>cal <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>Galicia, <span class=\"__1 _6\"></span>Astu<span class=\"__1 _6\"></span>rias<span class=\"__1 _6\"></span>, <span class=\"__1 _6\"></span>Cantabria <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>Pa\u00eds<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>Vasco. <span class=\"__1 _6\"></span>El <span class=\"__1 _6\"></span>hecho <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>co<span class=\"__1 _6\"></span>mprar <span class=\"__1 _6\"></span>madera <span class=\"__1 _6\"></span>loca<span class=\"__1 _6\"></span>l n<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>s\u00f3lo <span class=\"__1 _8\"></span>contribuye <span class=\"__1 _8\"></span>a <span class=\"__1 _6\"></span>generar <span class=\"__1 _8\"></span>valor <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>entorno <span class=\"__1 _8\"></span>pr\u00f3ximo, <span class=\"__1 _6\"></span>sino <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>reduce <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>trans<span class=\"__1 _6\"></span>portes <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>reduce <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>hu<span class=\"__1 _6\"></span>ella<span class=\"__1 _1bc\"> </span>de carbono de alcan<span class=\"__1 _6\"></span>ce 3 de n<span class=\"__1 _6\"></span>uestra activ<span class=\"__1 _6\"></span>idad. A lo largo d<span class=\"__1 _6\"></span>e 2023, se han<span class=\"__1 _6\"></span> realizado c<span class=\"__1 _8\"></span>ompras a m\u00e1s<span class=\"__1 _6\"></span> de 1.600<span class=\"__1 _1bc\"> </span>propietarios forestales y casi 200 suministradores. De ellos, un <span class=\"ls12\">98</span>% son peque\u00f1os<span class=\"__1 _6\"></span> propietarios y m\u00e1s de un<span class=\"__1 _1bc\"> </span>85<span class=\"ls0_1\">% son peque\u00f1os<span class=\"__1 _6\"></span> suministradores, lo<span class=\"__1 _6\"></span> que demuestra el apo<span class=\"__1 _6\"></span>yo de Ence a las<span class=\"__1 _6\"></span> peque\u00f1as empresas.<span class=\"__1 _1bc\"> </span></span>En este contexto, en 2023, <span class=\"__1 _5\"></span>y con objeto de reforzar su comp<span class=\"__1 _5\"></span>romiso con el m<span class=\"__1 _5\"></span>edio rural, as\u00ed como <span class=\"__1 _5\"></span>impulsar el<span class=\"__1 _1bc\"> </span>desarrollo, la <span class=\"__1 _5\"></span>sostenibilidad<span class=\"__1 _6\"></span> y <span class=\"__1 _70\"></span>la visibilidad del <span class=\"__1 _5\"></span>sector forestal, <span class=\"__1 _5\"></span>Ence dio <span class=\"__1 _5\"></span>a conocer <span class=\"__1 _70\"></span>En<span class=\"__1 _6\"></span>ce Terra, <span class=\"__1 _5\"></span>la nueva <span class=\"__1 _5\"></span>visi\u00f3n<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>actividad <span class=\"__1 _8\"></span>forestal <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>compa\u00f1<span class=\"__1 _6\"></span>\u00eda. <span class=\"__1 _8\"></span>En<span class=\"__1 _6\"></span>ce <span class=\"__1 _8\"></span>Terra <span class=\"__1 _8\"></span>trabaj<span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>con <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>l <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>ector <span class=\"__1 _4\"></span>forestal <span class=\"__1 _8\"></span>para <span class=\"__1 _8\"></span>impulsar <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>u <span class=\"__1 _8\"></span>futuro,<span class=\"__1 _1bc\"> </span>potencia <span class=\"__1 _4\"></span>una <span class=\"__1 _8\"></span>imagen <span class=\"__1 _4\"></span>positiva <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>sector <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>promueve <span class=\"__1 _8\"></span>u<span class=\"__1 _6\"></span>n <span class=\"__1 _4\"></span>di\u00e1logo <span class=\"__1 _8\"></span>activo <span class=\"__1 _4\"></span>entre <span class=\"__1 _4\"></span>los <span class=\"__1 _8\"></span>diferen<span class=\"__1 _6\"></span>tes <span class=\"__1 _4\"></span>actores <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>la<span class=\"__1 _1bc\"> </span>cadena de valor d<span class=\"__1 _6\"></span>el monte.<span class=\"__1 _1bc\"> </span>A trav\u00e9s <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>diversas <span class=\"__1 _6\"></span>iniciativas, <span class=\"__1 _6\"></span>Ence <span class=\"__1 _6\"></span>Terra quiere <span class=\"__1 _6\"></span>contribui<span class=\"__1 _6\"></span>r a <span class=\"__1 _6\"></span>hacer m\u00e1s<span class=\"__1 _6\"></span> vis<span class=\"__1 _6\"></span>ibles e<span class=\"__1 _8\"></span>l propi<span class=\"__1 _6\"></span>o sector <span class=\"__1 _6\"></span>forestal <span class=\"__1 _6\"></span>y<span class=\"__1 _1bc\"> </span>el valor <span class=\"__1 _6\"></span>que \u00e9ste <span class=\"__1 _6\"></span>genera <span class=\"__1 _6\"></span>para <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>sociedad <span class=\"__1 _6\"></span><span class=\"ff6\">\u2013</span> <span class=\"__1 _6\"></span>mediante <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>fomento d<span class=\"__1 _6\"></span>e la <span class=\"__1 _6\"></span>comunicaci\u00f3n <span class=\"__1 _6\"></span>sectorial <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>una <span class=\"__1 _6\"></span>mayor<span class=\"__1 _1bc\"> </span>presencia <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c8\"> </span>compa\u00f1<span class=\"__1 _6\"></span>\u00eda <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c8\"> </span>ferias <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c8\"> </span>foro<span class=\"__1 _6\"></span>s, <span class=\"__1 _c8\"></span>incrementando <span class=\"__1 _c8\"> </span>el <span class=\"__1 _c8\"> </span>contacto <span class=\"__1 _c6\"> </span>con <span class=\"__1 _c8\"> </span>universidades <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c8\"> </span>centro<span class=\"__1 _6\"></span>s <span class=\"__1 _c8\"></span>de<span class=\"__1 _1bc\"> </span>investigaci\u00f3n  <span class=\"ff6\">\u2013</span>, <span class=\"__1 _c6\"> </span>as\u00ed  como <span class=\"__1 _ca\"> </span>el  valor <span class=\"__1 _c6\"> </span>del  eucalipto <span class=\"__1 _c6\"> </span>co<span class=\"__1 _6\"></span>mo <span class=\"__1 _c6\"> </span>es<span class=\"__1 _6\"></span>pecie <span class=\"__1 _ca\"> </span>clave  para <span class=\"__1 _c6\"> </span>la  producci\u00f3n  de <span class=\"__1 _c6\"> </span>la  madera<span class=\"__1 _1bc\"> </span>necesaria <span class=\"__1 _4\"></span>para <span class=\"__1 _c8\"> </span>el <span class=\"__1 _4\"></span>impulso <span class=\"__1 _c8\"> </span>de <span class=\"__1 _4\"></span>la <span class=\"__1 _c8\"></span>bioeconom\u00eda <span class=\"__1 _4\"></span>circular. <span class=\"__1 _c8\"></span>Y <span class=\"__1 _4\"></span>reforzar <span class=\"__1 _4\"></span>a <span class=\"__1 _c8\"> </span>la <span class=\"__1 _4\"></span>v<span class=\"__1 _6\"></span>ez <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>compromi<span class=\"__1 _6\"></span>so <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>Ence <span class=\"__1 _c8\"></span>con <span class=\"__1 _4\"></span>el<span class=\"__1 _1bc\"> </span>territorio. Ence <span class=\"__1 _c8\"> </span>Terra, <span class=\"__1 _c6\"> </span>es <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c6\"> </span>sociedad<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>qu<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"> </span>engloba <span class=\"__1 _c6\"> </span>toda <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c8\"> </span>act<span class=\"__1 _6\"></span>ividad <span class=\"__1 _c8\"> </span>del <span class=\"__1 _c6\"> </span>gr<span class=\"__1 _6\"></span>upo <span class=\"__1 _c6\"> </span>relacionada <span class=\"__1 _c6\"> </span>con <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c6\"> </span>gesti\u00f3n <span class=\"__1 _c8\"> </span>foresta<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span>sostenible en <span class=\"__1 _70\"></span>el <span class=\"__1 _5\"></span>norte <span class=\"__1 _5\"></span>de Espa\u00f1a: desde <span class=\"__1 _70\"></span>la gesti\u00f3n <span class=\"__1 _70\"></span>del patrimonio <span class=\"__1 _5\"></span>propio y <span class=\"__1 _70\"></span>de terceros <span class=\"__1 _70\"></span>a trav\u00e9s <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>iferentes<span class=\"__1 _1bc\"> </span>tipos <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>contrato<span class=\"__1 _6\"></span>, <span class=\"__1 _6\"></span>hasta <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>compra <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>suministro<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>madera, <span class=\"__1 _6\"></span>incluyend<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>el as<span class=\"__1 _6\"></span>esoramiento <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>ropietarios, <span class=\"__1 _6\"></span>el<span class=\"__1 _1bc\"> </span>desarrollo <span class=\"__1 _5\"></span>y <span class=\"__1 _70\"></span>venta de <span class=\"__1 _70\"></span>planta <span class=\"__1 _70\"></span>en <span class=\"__1 _5\"></span>los <span class=\"__1 _5\"></span>viveros, <span class=\"__1 _5\"></span>la <span class=\"__1 _70\"></span>investiga<span class=\"__1 _6\"></span>ci\u00f3n <span class=\"__1 _70\"></span>en <span class=\"__1 _5\"></span>el <span class=\"__1 _70\"></span>\u00e1mbito <span class=\"__1 _5\"></span>forestal <span class=\"__1 _5\"></span>y <span class=\"__1 _70\"></span>los servicios <span class=\"__1 _70\"></span>ecosist\u00e9micos<span class=\"__1 _1bc\"> </span>que <span class=\"__1 _4\"></span>ha <span class=\"__1 _c8\"></span>certificado <span class=\"__1 _4\"></span>la <span class=\"__1 _c8\"></span>compa\u00f1\u00eda. <span class=\"__1 _4\"></span>E<span class=\"__1 _6\"></span>sta <span class=\"__1 _4\"></span>nueva <span class=\"__1 _c8\"></span>visi\u00f3n <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>aco<span class=\"__1 _6\"></span>mpa\u00f1a <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>un <span class=\"__1 _c8\"></span>ambicioso <span class=\"__1 _4\"></span>plan <span class=\"__1 _4\"></span>par<span class=\"__1 _6\"></span>a <span class=\"__1 _4\"></span>potenciar <span class=\"__1 _c8\"></span>la<span class=\"__1 _1bc\"> </span>relaci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>Ence <span class=\"__1 _8\"></span>Terra <span class=\"__1 _8\"></span>con <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>resto <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>la<span class=\"__1 _6\"></span>s <span class=\"__1 _8\"></span>empresas <span class=\"__1 _8\"></span>del <span class=\"__1 _6\"></span>sector <span class=\"__1 _8\"></span>(suministradores, <span class=\"__1 _8\"></span>colaboradores, <span class=\"__1 _8\"></span>empresas<span class=\"__1 _1bc\"> </span>log\u00edsticas\u2026), con p<span class=\"__1 _6\"></span>ropietarios forestales y<span class=\"__1 _6\"></span> con las d<span class=\"__1 _6\"></span>iferentes administraciones. Gesti\u00f3n de la sosten<span class=\"__1 _6\"></span>ibilidad de la biomasa<span class=\"__1 _1bc\"> </span>En 2023<span class=\"__1 _5\"></span>, <span class=\"__1 _5\"></span>Ence <span class=\"__1 _5\"></span>mantiene <span class=\"__1 _5\"></span>y <span class=\"__1 _70\"></span>refuerza su <span class=\"__1 _70\"></span>posici\u00f3n como <span class=\"__1 _5\"></span>comprador <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>referencia de <span class=\"__1 _70\"></span>biomasa <span class=\"__1 _5\"></span>agr\u00edcola <span class=\"__1 _5\"></span>y <span class=\"__1 _5\"></span>forestal<span class=\"__1 _1bc\"> </span>para <span class=\"__1 _8\"></span>uso <span class=\"__1 _6\"></span>energ\u00e9tico <span class=\"__1 _8\"></span>para <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>uministro <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>us <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>lantas <span class=\"__1 _8\"></span>(tanto <span class=\"__1 _6\"></span>las <span class=\"__1 _8\"></span>Plantas <span class=\"__1 _8\"></span>Independientes <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>E<span class=\"__1 _6\"></span>nerg\u00eda, <span class=\"__1 _8\"></span>como<span class=\"__1 _1bc\"> </span>las biof\u00e1bricas<span class=\"__1 _6\"></span>). En este sentido, Ence as<span class=\"__1 _6\"></span>egura que el suministro de biomasa a sus insta<span class=\"__1 _6\"></span>laciones<span class=\"__1 _6\"></span> cumple con<span class=\"__1 _1bc\"> </span>los <span class=\"__1 _c6\"> </span>requisitos<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c8\"> </span>so<span class=\"__1 _6\"></span>stenibilidad <span class=\"__1 _c6\"> </span>necesarios, <span class=\"__1 _c6\"> </span>tra<span class=\"__1 _6\"></span>bajando <span class=\"__1 _c6\"> </span>para <span class=\"__1 _c6\"> </span>ello <span class=\"__1 _c6\"> </span>con <span class=\"__1 _c6\"> </span>los <span class=\"__1 _c6\"> </span>est\u00e1<span class=\"__1 _6\"></span>ndares <span class=\"__1 _c6\"> </span>voluntarios<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>que <span class=\"__1 _c6\"> </span>se<span class=\"__1 _1bc\"> </span>detallan a contin<span class=\"__1 _6\"></span>uaci\u00f3n.<span class=\"__1 _1bc\"> </span>En <span class=\"__1 _6\"></span>relaci\u00f3n <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>biomasa <span class=\"__1 _6\"></span>agr\u00edcola, <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>2023 <span class=\"__1 _6\"></span>Ence <span class=\"__1 _6\"></span>ha s<span class=\"__1 _6\"></span>eguido ap<span class=\"__1 _6\"></span>licando <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>Dec\u00e1logo <span class=\"__1 _6\"></span>para <span class=\"__1 _6\"></span>la Sos<span class=\"__1 _6\"></span>tenibilidad <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span>la <span class=\"__1 _4\"></span>Biomasa <span class=\"__1 _8\"></span>lanzad<span class=\"__1 _6\"></span>o <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>2017, <span class=\"__1 _8\"></span>contando<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>ya <span class=\"__1 _4\"></span>con <span class=\"__1 _8\"></span>una <span class=\"__1 _4\"></span>sistem\u00e1tica <span class=\"__1 _8\"></span>afianza<span class=\"__1 _6\"></span>da <span class=\"__1 _4\"></span>de<span class=\"__1 _5\"></span> <span class=\"__1 _4\"></span>seguimie<span class=\"__1 _5\"></span>nto <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>evaluaci\u00f3n <span class=\"__1 _4\"></span>de<span class=\"__1 _1bc\"> </span>indicadores,  y  un <span class=\"__1 _ca\"> </span>plan  progresivo  de <span class=\"__1 _c6\"> </span>implantaci\u00f3n<span class=\"__1 _6\"></span>  de <span class=\"__1 _c6\"> </span>lo<span class=\"__1 _6\"></span>s  mismos,  e<span class=\"__1 _5\"></span>nmarcado  en  el <span class=\"__1 _ca\"> </span>plan  Director <span class=\"__1 _ca\"> </span>de<span class=\"__1 _1bc\"> </span>Sostenibilidad de <span class=\"__1 _70\"></span>la Compa\u00f1\u00eda. <span class=\"__1 _5\"></span>As\u00ed, <span class=\"__1 _5\"></span>en <span class=\"__1 _5\"></span>2023, e<span class=\"__1 _5\"></span>l <span class=\"__1 _5\"></span>nivel <span class=\"__1 _5\"></span>de cumplimiento del <span class=\"__1 _70\"></span>Dec\u00e1logo para <span class=\"__1 _5\"></span>la <span class=\"__1 _70\"></span>b<span class=\"__1 _6\"></span>iomasa utilizada<span class=\"__1 _1bc\"> </span>por la compa\u00f1\u00eda h<span class=\"__1 _6\"></span>a superado el 90%.<span class=\"__1 _1bc\"> </span>Adem\u00e1s,  este <span class=\"__1 _c6\"> </span>a\u00f1<span class=\"__1 _6\"></span>o  Ence <span class=\"__1 _ca\"> </span>ha  renovado  la  ce<span class=\"__1 _5\"></span>rtificaci\u00f3n  de  todas  sus  instalaciones  (biof\u00e1bricas <span class=\"__1 _ca\"> </span>y  plantas<span class=\"__1 _1bc\"> </span>independientes) <span class=\"__1 _6\"></span>con el <span class=\"__1 _6\"></span>esquema <span class=\"__1 _6\"></span>Sure, qu<span class=\"__1 _6\"></span>e da <span class=\"__1 _6\"></span>conformidad <span class=\"__1 _6\"></span>a los<span class=\"__1 _6\"></span> requisitos <span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>blecidos por <span class=\"__1 _6\"></span>la Directiva <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span>Energ\u00edas  Renovables  (UE)  2018/2001.  Esta<span class=\"__1 _6\"></span>  normativa  europea  establece  diversos  criterios  que  deben<span class=\"__1 _1bc\"> </span>cumplir <span class=\"__1 _ce\"> </span>todas <span class=\"__1 _ce\"> </span>las<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>biomasas <span class=\"__1 _ce\"> </span>empleadas<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>en <span class=\"__1 _ce\"> </span>el <span class=\"__1 _cd\"> </span>s<span class=\"__1 _6\"></span>ector <span class=\"__1 _ce\"> </span>de <span class=\"__1 _ce\"> </span>la <span class=\"__1 _ce\"> </span>bioener<span class=\"__1 _6\"></span>g\u00eda, <span class=\"__1 _ce\"> </span>enfocados<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>a <span class=\"__1 _ce\"> </span>garantizar <span class=\"__1 _ce\"> </span>su<span class=\"__1 _1bc\"> </span>sostenibilidad<span class=\"__1 _6\"></span>, un correcto balance de masas, la reducci\u00f3n de las emisiones de gases de efecto invernadero<span class=\"__1 _1bc\"> </span>y la eficiencia energ\u00e9tica. El <span class=\"__1 _8\"></span>proceso <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>certificaci\u00f3n <span class=\"__1 _8\"></span>Sure <span class=\"__1 _8\"></span>implica <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>forma <span class=\"__1 _8\"></span>tran<span class=\"__1 _6\"></span>sversal <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>to<span class=\"__1 _6\"></span>do <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>roceso <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>gesti\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>biomasa,<span class=\"__1 _1bc\"> </span>desde <span class=\"__1 _c8\"> </span>el <span class=\"__1 _c8\"> </span>origen <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c8\"> </span>misma <span class=\"__1 _c8\"> </span>(par<span class=\"__1 _6\"></span>cela <span class=\"__1 _c8\"> </span>agr\u00edcola, <span class=\"__1 _ca\"> </span>monte <span class=\"__1 _c8\"> </span>o <span class=\"__1 _c6\"> </span>indus<span class=\"__1 _6\"></span>tria), <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c6\"> </span>propia <span class=\"__1 _c8\"> </span>cadena <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c8\"> </span>suministro<span class=\"__1 _6\"></span>s, <span class=\"__1 _c8\"> </span>la<span class=\"__1 _1bc\"> </span>log\u00edstica <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>plan<span class=\"__1 _6\"></span>tas <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>parques <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>roducci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>energ\u00eda <span class=\"__1 _8\"></span>renovab<span class=\"__1 _6\"></span>le. <span class=\"__1 _8\"></span>Todo <span class=\"__1 _8\"></span>engranado <span class=\"__1 _8\"></span>para <span class=\"__1 _4\"></span>alcanzar <span class=\"__1 _8\"></span>el<span class=\"__1 _1bc\"> </span>m\u00e1ximo de eficiencia.<span class=\"__1 _1bc\"> </span>En 2023, <span class=\"__1 _6\"></span>adem\u00e1s <span class=\"__1 _6\"></span>de renovar esta <span class=\"__1 _6\"></span>certificaci\u00f3n en <span class=\"__1 _6\"></span>todas s<span class=\"__1 _6\"></span>us ins<span class=\"__1 _6\"></span>talaciones<span class=\"__1 _6\"></span> E<span class=\"__1 _6\"></span>nce ha s<span class=\"__1 _6\"></span>eguido trabajando<span class=\"__1 _6\"></span> en <span class=\"__1 _6\"></span>la<span class=\"__1 _1bc\"> </span>promoci\u00f3n de <span class=\"__1 _5\"></span>la ce<span class=\"__1 _5\"></span>rtificaci\u00f3n a lo <span class=\"__1 _5\"></span>largo de <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>u cadena <span class=\"__1 _5\"></span>de sum<span class=\"__1 _5\"></span>inistro, logrando con <span class=\"__1 _5\"></span>ello conseguir <span class=\"__1 _5\"></span>los hitos d<span class=\"__1 _5\"></span>e<span class=\"__1 _1bc\"> </span>consumo de biomas<span class=\"__1 _6\"></span>a certificada q<span class=\"__1 _6\"></span>ue requiere la normativa. ENCE Celulosa<span class=\"__1 _1bc\"> </span>Biof\u00e1brica de Navia<span class=\"__1 _1bc\"> </span>La  Biof\u00e1brica <span class=\"__1 _cb\"> </span>de  Navia <span class=\"__1 _cb\"> </span>acometi\u00f3  en <span class=\"__1 _150\"> </span>2<span class=\"__1 _6\"></span>019  un <span class=\"__1 _cb\"> </span>proyecto  de <span class=\"__1 _cb\"> </span>mejora  y  o<span class=\"__1 _6\"></span>ptimizaci\u00f3n  t<span class=\"__1 _6\"></span>ecnol\u00f3gica <span class=\"__1 _150\"> </span>de <span class=\"__1 _cb\"> </span>las<span class=\"__1 _1bc\"> </span>instalaciones <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>incluy\u00f3 <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>implanta<span class=\"__1 _6\"></span>ci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>las <span class=\"__1 _8\"></span>mejoras <span class=\"__1 _8\"></span>t\u00e9cnicas <span class=\"__1 _8\"></span>disponibles <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>una <span class=\"__1 _6\"></span>parte <span class=\"__1 _8\"></span>importante <span class=\"__1 _8\"></span>de<span class=\"__1 _1bc\"> </span>los  procesos<span class=\"__1 _6\"></span>  productiv<span class=\"__1 _6\"></span>os  incrementando  en <span class=\"__1 _150\"> </span>80.00<span class=\"__1 _6\"></span>0  tAD  s<span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>  capacid<span class=\"__1 _6\"></span>ad  produ<span class=\"__1 _6\"></span>ctiva  nominal,  as<span class=\"__1 _6\"></span>\u00ed  como,<span class=\"__1 _1bc\"> </span>mejorando  el <span class=\"__1 _c6\"> </span>comporta<span class=\"__1 _6\"></span>miento  ambiental  de <span class=\"__1 _ca\"> </span>sus  instalaciones,  basada <span class=\"__1 _ca\"> </span>en  la <span class=\"__1 _c6\"> </span>optimizaci\u00f3n  tecnol\u00f3gica<span class=\"__1 _1bc\"> </span>directa <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>equipos<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>sistemas <span class=\"__1 _c8\"></span>a <span class=\"__1 _4\"></span>lo <span class=\"__1 _4\"></span>largo <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>todo <span class=\"__1 _c8\"></span>el <span class=\"__1 _4\"></span>proceso, <span class=\"__1 _c8\"></span>enfocada <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>mejora <span class=\"__1 _4\"></span>del<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>comportamiento<span class=\"__1 _1bc\"> </span>ambiental <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>acu<span class=\"__1 _6\"></span>erdo <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>m<span class=\"__1 _6\"></span>ejores <span class=\"__1 _6\"></span>t\u00e9cnicas <span class=\"__1 _6\"></span>dis<span class=\"__1 _6\"></span>ponibles <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>docu<span class=\"__1 _6\"></span>mentos <span class=\"__1 _6\"></span>BREF. <span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>D<span class=\"__1 _6\"></span>esde <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>ejecuci\u00f3n <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>el<span class=\"__1 _1bc\"> </span>proyecto, <span class=\"__1 _5\"></span>se <span class=\"__1 _70\"></span>han ido <span class=\"__1 _70\"></span>consolidando<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>los re<span class=\"__1 _5\"></span>sultados<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>mejora <span class=\"__1 _70\"></span>ambienta<span class=\"__1 _6\"></span>l <span class=\"__1 _70\"></span>evidenc<span class=\"__1 _6\"></span>i\u00e1ndose <span class=\"__1 _5\"></span>mejoras <span class=\"__1 _5\"></span>ambientales<span class=\"__1 _1bc\"> </span>en la calidad del efluente l\u00edqui<span class=\"__1 _6\"></span>do y en la<span class=\"__1 _6\"></span> reducci\u00f3n de emisione<span class=\"__1 _6\"></span>s d<span class=\"__1 _6\"></span>e par\u00e1metros significativo<span class=\"__1 _6\"></span>s. En <span class=\"__1 _8\"></span>cu<span class=\"__1 _6\"></span>anto <span class=\"__1 _8\"></span>a <span class=\"__1 _4\"></span>volumen <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>v<span class=\"__1 _6\"></span>ertido<span class=\"__1 _6\"></span>, <span class=\"__1 _4\"></span>el <span class=\"__1 _6\"></span>Plan<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>Dir<span class=\"__1 _6\"></span>ector <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>Sostenibilidad <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>Ence <span class=\"__1 _8\"></span>conte<span class=\"__1 _6\"></span>mpla <span class=\"__1 _4\"></span>como <span class=\"__1 _8\"></span>prioridad <span class=\"__1 _4\"></span>a<span class=\"__1 _1bc\"> </span>gesti\u00f3n y mejora de la huella de agua, de la compa\u00f1\u00eda, tanto a nivel de consumo d<span class=\"__1 _6\"></span>e recursos h\u00eddricos como<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _6\"></span>calidad <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>sus <span class=\"__1 _6\"></span>efluentes. <span class=\"__1 _6\"></span>As\u00ed, <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>biof\u00e1bricas <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>vienen <span class=\"__1 _6\"></span>estableciendo <span class=\"__1 _6\"></span>objetiv<span class=\"__1 _6\"></span>os an<span class=\"__1 _6\"></span>uales d<span class=\"__1 _6\"></span>e redu<span class=\"__1 _6\"></span>cci\u00f3n<span class=\"__1 _1bc\"> </span>del <span class=\"__1 _6\"></span>con<span class=\"__1 _6\"></span>sumo <span class=\"__1 _8\"></span>espec\u00edfico <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>agua <span class=\"__1 _8\"></span>(m3/t <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>celulos<span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>producida) <span class=\"__1 _8\"></span>desde <span class=\"__1 _8\"></span>hace <span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>arios <span class=\"__1 _8\"></span>a\u00f1os. <span class=\"__1 _8\"></span>En <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>biof\u00e1brica <span class=\"__1 _8\"></span>de<span class=\"__1 _1bc\"> </span>Navia, <span class=\"__1 _6\"></span>entre 2022 <span class=\"__1 _6\"></span>y -2023 <span class=\"__1 _6\"></span>tambi\u00e9n <span class=\"__1 _6\"></span>se ha <span class=\"__1 _6\"></span>puesto<span class=\"__1 _6\"></span> en <span class=\"__1 _6\"></span>marcha <span class=\"__1 _6\"></span><span class=\"ls14\">un</span> <span class=\"__1 _6\"></span>ambicioso <span class=\"__1 _6\"></span>plan de <span class=\"__1 _6\"></span>mejora o<span class=\"__1 _6\"></span>peracional p<span class=\"__1 _6\"></span>ara<span class=\"__1 _1bc\"> </span>conseguir reducir <span class=\"__1 _5\"></span>el <span class=\"__1 _5\"></span>consumo de agua, <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>iendo las <span class=\"__1 _70\"></span>prin<span class=\"__1 _6\"></span>cipales <span class=\"__1 _5\"></span>iniciativas: cierres <span class=\"__1 _5\"></span>de circuitos, <span class=\"__1 _5\"></span>reutilizaci\u00f3n de<span class=\"__1 _1bc\"> </span>condensados<span class=\"__1 _6\"></span>, <span class=\"__1 _4\"></span>recuperaci\u00f3n <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>aguas<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>contra <span class=\"__1 _4\"></span>la<span class=\"__1 _5\"></span>vados, <span class=\"__1 _4\"></span>reutilizaci\u00f3n <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>agu<span class=\"__1 _6\"></span>a <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>scrubbers, <span class=\"__1 _4\"></span>etc, <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>es<span class=\"__1 _8\"></span>te<span class=\"__1 _1bc\"> </span>modo, <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>esos <span class=\"__1 _8\"></span>a\u00f1os <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>Biof\u00e1brica <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>Navia, <span class=\"__1 _8\"></span>ha <span class=\"__1 _4\"></span>alcanzado <span class=\"__1 _8\"></span>sus <span class=\"__1 _4\"></span>mejores <span class=\"__1 _8\"></span>datos <span class=\"__1 _4\"></span>hist\u00f3ricos <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>desemp<span class=\"__1 _6\"></span>e\u00f1o <span class=\"__1 _8\"></span>en<span class=\"__1 _1bc\"> </span>este KPI, consolida<span class=\"__1 _6\"></span>ndo una reducci\u00f3n en el con<span class=\"__1 _6\"></span>sumo de en torn<span class=\"__1 _6\"></span>o a un 6% respecto al a\u00f1<span class=\"__1 _6\"></span>o pasado<span class=\"__1 _6\"></span> y un 19%<span class=\"__1 _1bc\"> </span>en relaci\u00f3n al valor d<span class=\"__1 _6\"></span>e cierre del a\u00f1o 2021.<span class=\"__1 _1bc\"> </span>En <span class=\"__1 _6\"></span>cu<span class=\"__1 _6\"></span>anto <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>calidad <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>ertido, <span class=\"__1 _6\"></span>se <span class=\"__1 _8\"></span>han <span class=\"__1 _6\"></span>implementado <span class=\"__1 _6\"></span>me<span class=\"__1 _6\"></span>joras <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>Planta <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>tratamiento <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>efluentes<span class=\"__1 _1bc\"> </span>para <span class=\"__1 _c8\"> </span>favorecer <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>epuraci\u00f3n <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>las <span class=\"__1 _c6\"> </span>aguas <span class=\"__1 _c8\"> </span>mediante: <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c8\"> </span>optimizaci\u00f3n <span class=\"__1 _c8\"> </span>del <span class=\"__1 _c8\"> </span>s<span class=\"__1 _6\"></span>istema <span class=\"__1 _c8\"> </span>biol\u00f3gico, <span class=\"__1 _c8\"> </span>ad<span class=\"__1 _6\"></span>em\u00e1s <span class=\"__1 _c8\"></span>de<span class=\"__1 _1bc\"> </span>mejorar <span class=\"__1 _70\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>sistemas de <span class=\"__1 _70\"></span>aireaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>refrigeraci\u00f3n. <span class=\"__1 _5\"></span>Asimismo, se <span class=\"__1 _5\"></span>ha <span class=\"__1 _5\"></span>consolidado el <span class=\"__1 _70\"></span>funcionamiento del <span class=\"__1 _70\"></span>nuevo<span class=\"__1 _1bc\"> </span>sistema <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>tratamiento <span class=\"__1 _5\"></span>primario <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>efluentes <span class=\"__1 _5\"></span>constituido po<span class=\"__1 _5\"></span>r <span class=\"__1 _70\"></span>una nueva <span class=\"__1 _70\"></span>unidad <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>flotaci\u00f3n <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>aire <span class=\"__1 _70\"></span>dis<span class=\"__1 _6\"></span>uelto<span class=\"__1 _1bc\"> </span>(DAF) (<span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>sustituci\u00f3n <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>antiguo <span class=\"__1 _6\"></span>decantad<span class=\"__1 _6\"></span>or <span class=\"__1 _6\"></span>primario), <span class=\"__1 _6\"></span>que p<span class=\"__1 _6\"></span>ermite realiza<span class=\"__1 _6\"></span>r u<span class=\"__1 _6\"></span>na <span class=\"__1 _6\"></span>separaci\u00f3n <span class=\"__1 _6\"></span>m\u00e1s <span class=\"__1 _4\"></span>efici<span class=\"__1 _5\"></span>ente<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _4\"></span>las <span class=\"__1 _8\"></span>part\u00edculas <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>susp<span class=\"__1 _6\"></span>ensi\u00f3n <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>efluente <span class=\"__1 _4\"></span>a <span class=\"__1 _8\"></span>tra<span class=\"__1 _6\"></span>tar <span class=\"__1 _4\"></span>me<span class=\"__1 _5\"></span>diante <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>inyecci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>microburbujas <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>aire, <span class=\"__1 _4\"></span>de<span class=\"__1 _1bc\"> </span>modo que los s\u00f3lidos se adhieren a las microburbujas en su recorrido ascendente flotando hacia el sistema<span class=\"__1 _1bc\"> </span>separador su<span class=\"__1 _6\"></span>perior. Esto ha supuest<span class=\"__1 _6\"></span>o un<span class=\"__1 _6\"></span>a reducci\u00f3n significativa del ratio<span class=\"__1 _6\"></span> de s\u00f3lidos t<span class=\"__1 _6\"></span>otales en efluente de<span class=\"__1 _1bc\"> </span>vertido final de la Biof\u00e1brica <span class=\"__1 _6\"></span>por ton<span class=\"__1 _6\"></span>elada de pasta<span class=\"__1 _6\"></span> producida.  En <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>proceso<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>prod<span class=\"__1 _6\"></span>ucci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>celulosa <span class=\"__1 _8\"></span>se <span class=\"__1 _6\"></span>g<span class=\"__1 _6\"></span>eneran <span class=\"__1 _8\"></span>compuestos <span class=\"__1 _8\"></span>reducidos<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>azu<span class=\"__1 _6\"></span>fre <span class=\"__1 _6\"></span>que, <span class=\"__1 _8\"></span>si <span class=\"__1 _8\"></span>no <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>tratan<span class=\"__1 _1bc\"> </span>adecuadamente, pu<span class=\"__1 _6\"></span>eden provocar impactos<span class=\"__1 _6\"></span> olorosos<span class=\"__1 _6\"></span> en las inmediaciones de las plan<span class=\"__1 _6\"></span>tas. Consciente de la<span class=\"__1 _1bc\"> </span>importancia <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>gestio<span class=\"__1 _6\"></span>nar <span class=\"__1 _4\"></span>adecuad<span class=\"__1 _6\"></span>amente <span class=\"__1 _4\"></span>es<span class=\"__1 _6\"></span>te <span class=\"__1 _4\"></span>aspecto<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>a<span class=\"__1 _6\"></span>mbiental <span class=\"__1 _4\"></span>p<span class=\"__1 _6\"></span>ara <span class=\"__1 _c8\"></span>mantener <span class=\"__1 _4\"></span>la <span class=\"__1 _c8\"></span>licencia <span class=\"__1 _c8\"></span>social <span class=\"__1 _4\"></span>para<span class=\"__1 _1bc\"> </span>operar, Ence fij\u00f3 como prioridad reducir al m\u00e1ximo el impacto olor<span class=\"__1 _6\"></span>oso de sus biof\u00e1bricas y puso en marcha<span class=\"__1 _1bc\"> </span>hace <span class=\"__1 _4\"></span>ya <span class=\"__1 _8\"></span>m\u00e1s <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>diez <span class=\"__1 _4\"></span>a\u00f1os <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>Plan<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>Olor <span class=\"__1 _8\"></span>Cero. <span class=\"__1 _4\"></span>Gracias <span class=\"__1 _8\"></span>a <span class=\"__1 _4\"></span>las <span class=\"__1 _4\"></span>actuaciones <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>nmarcadas <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>icho <span class=\"__1 _4\"></span>plan <span class=\"__1 _8\"></span>se <span class=\"__1 _4\"></span>han<span class=\"__1 _1bc\"> </span>conseguido <span class=\"__1 _4\"></span>reducir <span class=\"__1 _8\"></span>m\u00e1s<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>u<span class=\"__1 _6\"></span>n <span class=\"__1 _4\"></span>99%<span class=\"__1 _5\"></span> <span class=\"__1 _4\"></span>las <span class=\"__1 _8\"></span>emisiones <span class=\"__1 _4\"></span>olorosas <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>ambas<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>biof\u00e1bricas, <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>a\u00f1<span class=\"__1 _6\"></span>o <span class=\"__1 _4\"></span>2023, <span class=\"__1 _8\"></span>ambas<span class=\"__1 _1bc\"> </span>plantas <span class=\"__1 _70\"></span>h<span class=\"__1 _6\"></span>an <span class=\"__1 _70\"></span>al<span class=\"__1 _6\"></span>canzado <span class=\"__1 _70\"></span>sus <span class=\"__1 _70\"></span>mejores m<span class=\"__1 _5\"></span>arcas <span class=\"__1 _5\"></span>hist\u00f3ricas, <span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>o <span class=\"__1 _70\"></span>obstante, <span class=\"__1 _5\"></span>Ence <span class=\"__1 _70\"></span>sigue f<span class=\"__1 _5\"></span>ijando <span class=\"__1 _70\"></span>objetivos de <span class=\"__1 _70\"></span>reducci\u00f3n<span class=\"__1 _1bc\"> </span>cada a\u00f1o.<span class=\"__1 _1bc\"> </span>Entre  e<span class=\"__1 _5\"></span>l <span class=\"__1 _ca\"> </span>2022 <span class=\"__1 _c6\"> </span>y  el <span class=\"__1 _c6\"> </span>2023  se<span class=\"__1 _5\"></span> <span class=\"__1 _c6\"> </span>ha  seguido <span class=\"__1 _c6\"> </span>avanzand<span class=\"__1 _6\"></span>o <span class=\"__1 _c6\"> </span>en  es<span class=\"__1 _5\"></span>te <span class=\"__1 _ca\"> </span>aspecto  y<span class=\"__1 _5\"></span> <span class=\"__1 _ca\"> </span>en <span class=\"__1 _c6\"> </span>la  biof\u00e1brica <span class=\"__1 _c6\"> </span>de  Navia <span class=\"__1 _c6\"> </span>se <span class=\"__1 _ca\"> </span>ha<span class=\"__1 _1bc\"> </span>desarrollado <span class=\"__1 _8\"></span>un <span class=\"__1 _6\"></span>proyecto <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>ara <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>control <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>focos <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>lor <span class=\"__1 _6\"></span>difusos, <span class=\"__1 _8\"></span>con <span class=\"__1 _6\"></span>medidas <span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>les <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>abat<span class=\"__1 _6\"></span>imiento<span class=\"__1 _1bc\"> </span>de olor <span class=\"__1 _6\"></span>en el <span class=\"__1 _6\"></span>entorno <span class=\"__1 _6\"></span>del DAF <span class=\"__1 _6\"></span>(unidad <span class=\"__1 _6\"></span>de flotaci\u00f3<span class=\"__1 _6\"></span>n de <span class=\"__1 _6\"></span>aire disu<span class=\"__1 _6\"></span>elto del <span class=\"__1 _6\"></span>sistema d<span class=\"__1 _6\"></span>e tratamiento <span class=\"__1 _6\"></span>primario d<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span>efluentes) <span class=\"__1 _4\"></span>mediante <span class=\"__1 _c8\"></span>un <span class=\"__1 _4\"></span>ad<span class=\"__1 _6\"></span>itivo <span class=\"__1 _c8\"></span>antiolor, <span class=\"__1 _c8\"></span>la <span class=\"__1 _4\"></span>mejora <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _4\"></span>control <span class=\"__1 _c8\"></span>operacional <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>planta <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>tratamient<span class=\"__1 _8\"></span>o <span class=\"__1 _4\"></span>de<span class=\"__1 _1bc\"> </span>efluentes y <span class=\"__1 _70\"></span>la instalaci\u00f3n de n<span class=\"__1 _5\"></span>uevos medidores de <span class=\"__1 _70\"></span>SH2 en <span class=\"__1 _5\"></span>el e<span class=\"__1 _5\"></span>ntorno, y <span class=\"__1 _5\"></span>el <span class=\"__1 _5\"></span>desarrollo de <span class=\"__1 _5\"></span>modelo matem<span class=\"__1 _5\"></span>\u00e1tico<span class=\"__1 _1bc\"> </span>predictivo de olor. Ad<span class=\"__1 _6\"></span>em\u00e1s, se han<span class=\"__1 _6\"></span> aprobad<span class=\"__1 _6\"></span>o las inversiones y<span class=\"__1 _6\"></span> se ha pu<span class=\"__1 _6\"></span>esto en marcha la in<span class=\"__1 _6\"></span>genier\u00eda para el<span class=\"__1 _1bc\"> </span>capotado <span class=\"__1 _8\"></span>del <span class=\"__1 _6\"></span>DAF <span class=\"__1 _6\"></span>para <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>mejora <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>ab<span class=\"__1 _6\"></span>at<span class=\"__1 _6\"></span>imiento <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>vahos <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>arq<span class=\"__1 _6\"></span>ueta <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>mezcla <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>neutralizaci\u00f3n<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _c8\"> </span>efluentes<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>entrada <span class=\"__1 _c6\"> </span>a <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c6\"> </span>depurad<span class=\"__1 _6\"></span>ora, <span class=\"__1 _c8\"> </span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _c8\"> </span>fueron <span class=\"__1 _c6\"> </span>dos <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c8\"> </span>los<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>puntos<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>identificados <span class=\"__1 _c6\"> </span>como <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"> </span>mayor<span class=\"__1 _1bc\"> </span>desorci\u00f3n de olores d<span class=\"__1 _6\"></span>ifusos. Gracias <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>estas <span class=\"__1 _6\"></span>iniciativ<span class=\"__1 _6\"></span>as <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>mejora <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>op<span class=\"__1 _6\"></span>eraci\u00f3n <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>ontrol <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>rocesos, <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>2023 <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>han <span class=\"__1 _8\"></span>conseguido<span class=\"__1 _1bc\"> </span>importantes <span class=\"__1 _4\"></span>mejoras <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>indicadores <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>olor, <span class=\"__1 _4\"></span>reduci\u00e9ndose <span class=\"__1 _4\"></span>m\u00e1s <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>u<span class=\"__1 _6\"></span>n <span class=\"__1 _4\"></span>43%<span class=\"__1 _5\"></span> <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>m<span class=\"__1 _5\"></span>inuto<span class=\"__1 _6\"></span>s <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>olor <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>la<span class=\"__1 _1bc\"> </span>biof\u00e1brica de Nav<span class=\"__1 _6\"></span>ia respecto al a\u00f1o 2022. En <span class=\"__1 _c6\"> </span>2023, <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c6\"> </span>Biof\u00e1brica <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"> </span>Navia <span class=\"__1 _c6\"> </span>ha <span class=\"__1 _c6\"> </span>renovado <span class=\"__1 _c6\"> </span>su <span class=\"__1 _c8\"> </span>certificad<span class=\"__1 _6\"></span>o <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c6\"> </span>el <span class=\"__1 _c8\"> </span>s<span class=\"__1 _8\"></span>istema <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>gesti\u00f3n <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c8\"> </span>acu<span class=\"__1 _6\"></span>erdo <span class=\"__1 _c8\"> </span>a <span class=\"__1 _c6\"> </span>los<span class=\"__1 _1bc\"> </span>requerimientos <span class=\"__1 _8\"></span>establecidos <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>Reglamento <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>Residuo<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>Cero <span class=\"__1 _6\"></span>de<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>AENOR, <span class=\"__1 _8\"></span>Navia <span class=\"__1 _6\"></span>fue <span class=\"__1 _8\"></span>una <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>las <span class=\"__1 _8\"></span>primeras<span class=\"__1 _1bc\"> </span>empresas <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>Espa\u00f1<span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>obtener este <span class=\"__1 _6\"></span>cert<span class=\"__1 _6\"></span>ificado <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>tiene <span class=\"__1 _6\"></span>unos<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>ratios <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>valorizaci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>cerca <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>97%. <span class=\"__1 _6\"></span>Esta<span class=\"__1 _1bc\"> </span>certificaci\u00f3n, <span class=\"__1 _4\"></span>se <span class=\"__1 _8\"></span>un<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>las <span class=\"__1 _8\"></span>ya <span class=\"__1 _4\"></span>disponibles <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>consolidadas <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>auditor\u00edas<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>externas<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>Sistema <span class=\"__1 _4\"></span>Integrado <span class=\"__1 _4\"></span>de<span class=\"__1 _1bc\"> </span>Gesti\u00f3n (SIG), <span class=\"__1 _5\"></span>sin la <span class=\"__1 _5\"></span>existencia de <span class=\"__1 _70\"></span>ningu<span class=\"__1 _6\"></span>na no <span class=\"__1 _5\"></span>conformidad en <span class=\"__1 _5\"></span>el <span class=\"__1 _5\"></span>proceso y <span class=\"__1 _5\"></span>avalando<span class=\"__1 _6\"></span> la <span class=\"__1 _70\"></span>excelencia ambiental<span class=\"__1 _1bc\"> </span>en la gesti\u00f3n de s<span class=\"__1 _6\"></span>us procesos.<span class=\"__1 _1bc\"> </span>En el 2023, e<span class=\"__1 _5\"></span>l sistema de gesti\u00f3n de la Biof\u00e1brica tambi\u00e9n fue auditada satisfactoriamente de acuerdo a los<span class=\"__1 _1bc\"> </span>requisitos <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>n<span class=\"__1 _6\"></span>orma <span class=\"__1 _8\"></span>ISO <span class=\"__1 _8\"></span>14001/2015, <span class=\"__1 _8\"></span>as\u00ed <span class=\"__1 _8\"></span>como <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>verificaci\u00f3n <span class=\"__1 _8\"></span>frente <span class=\"__1 _6\"></span>a <span class=\"__1 _4\"></span>los <span class=\"__1 _6\"></span>requ<span class=\"__1 _6\"></span>isitos <span class=\"__1 _8\"></span>establecidos <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>el<span class=\"__1 _1bc\"> </span>Reglamento <span class=\"__1 _70\"></span>N\u00ba12<span class=\"__1 _6\"></span>21/2009 <span class=\"__1 _5\"></span>del <span class=\"__1 _5\"></span>Parlamento <span class=\"__1 _70\"></span>E<span class=\"__1 _6\"></span>uropeo <span class=\"__1 _70\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>del Consejo, <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>Ge<span class=\"__1 _6\"></span>sti\u00f3n y <span class=\"__1 _70\"></span>Auditor\u00eda <span class=\"__1 _70\"></span>M<span class=\"__1 _6\"></span>edioambientales<span class=\"__1 _1bc\"> </span>(EMAS  III)  Reglamento<span class=\"__1 _6\"></span>  1505/2017  y  Re<span class=\"__1 _6\"></span>glamento  2026/<span class=\"__1 _6\"></span>2018  que  modif<span class=\"__1 _6\"></span>ica  al  primer<span class=\"__1 _6\"></span>o,  y  v<span class=\"__1 _6\"></span>erificada  la<span class=\"__1 _1bc\"> </span>Declaraci\u00f3n  Ambiental  2022<span class=\"__1 _5\"></span>,  demostr\u00e1ndose  la <span class=\"__1 _ca\"> </span>conformidad  de <span class=\"__1 _c6\"> </span>dicha  declaraci\u00f3n  y <span class=\"__1 _c6\"> </span>cumplimiento  de<span class=\"__1 _1bc\"> </span>requisitos <span class=\"__1 _6\"></span>de ambos <span class=\"__1 _6\"></span>Reglament<span class=\"__1 _6\"></span>os, sin d<span class=\"__1 _6\"></span>estacar \u00e1reas <span class=\"__1 _6\"></span>de especial at<span class=\"__1 _6\"></span>enci\u00f3n desta<span class=\"__1 _6\"></span>cando <span class=\"__1 _6\"></span>la clara apuesta p<span class=\"__1 _6\"></span>or<span class=\"__1 _1bc\"> </span>la <span class=\"__1 _c8\"> </span>Mejora <span class=\"__1 _c8\"> </span>continu<span class=\"__1 _6\"></span>a <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c8\"> </span>organizaci\u00f3n <span class=\"__1 _c8\"> </span>y<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>su <span class=\"__1 _c8\"> </span>determinaci\u00f3n <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c8\"> </span>el <span class=\"__1 _c8\"> </span>cumplimi<span class=\"__1 _6\"></span>ento <span class=\"__1 _c8\"> </span>legal <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c8\"> </span>adap<span class=\"__1 _6\"></span>taci\u00f3n <span class=\"__1 _c8\"> </span>a <span class=\"__1 _c8\"> </span>los<span class=\"__1 _1bc\"> </span>mejores est\u00e1ndares del <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>ector (BREF), <span class=\"__1 _5\"></span>destacando el logro <span class=\"__1 _5\"></span>en la <span class=\"__1 _5\"></span>participaci\u00f3n a<span class=\"__1 _6\"></span>ctiva de <span class=\"__1 _70\"></span>to<span class=\"__1 _6\"></span>da la organizaci\u00f3n<span class=\"__1 _1bc\"> </span>en el control ambiental y la<span class=\"__1 _6\"></span> mejora, dan<span class=\"__1 _6\"></span>do sus frutos a n<span class=\"__1 _6\"></span>ivel de resultados.<span class=\"__1 _1bc\"> </span>La <span class=\"__1 _6\"></span>eficiencia ener<span class=\"__1 _6\"></span>g\u00e9tica es <span class=\"__1 _6\"></span>otra<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>las p<span class=\"__1 _6\"></span>rioridades <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>la gesti\u00f3n <span class=\"__1 _6\"></span>ambiental <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>biof\u00e1brica <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>Navia. <span class=\"__1 _6\"></span>Es <span class=\"__1 _6\"></span>por<span class=\"__1 _1bc\"> </span>ello q<span class=\"__1 _6\"></span>ue <span class=\"__1 _6\"></span>el 2023 <span class=\"__1 _6\"></span>Ence <span class=\"__1 _6\"></span>Nav<span class=\"__1 _6\"></span>ia <span class=\"__1 _6\"></span>ha <span class=\"__1 _6\"></span>vuelto <span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>auditar <span class=\"__1 _6\"></span>su <span class=\"__1 _6\"></span>sistema <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>gesti\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>energ\u00eda <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>acuerdo <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>norma<span class=\"__1 _1bc\"> </span>internacional  ISO <span class=\"__1 _c6\"> </span>50001,  m<span class=\"__1 _5\"></span>anteniendo  su <span class=\"__1 _c6\"> </span>certificaci\u00f3n.  La <span class=\"__1 _c6\"> </span>certificaci\u00f3n <span class=\"__1 _ca\"> </span>permite <span class=\"__1 _ca\"> </span>implantar  una <span class=\"__1 _c6\"> </span>pol\u00edtica<span class=\"__1 _1bc\"> </span>energ\u00e9tica y a gestionar adecuadamente <span class=\"__1 _5\"></span>los aspectos energ\u00e9ticos derivados de la <span class=\"__1 _5\"></span>activi<span class=\"__1 _6\"></span>dad de la biof\u00e1brica<span class=\"__1 _1bc\"> </span>lo que se tradu<span class=\"__1 _6\"></span>ce en un ahorro real y cuan<span class=\"__1 _6\"></span>tificable del coste energ\u00e9tico. Desde <span class=\"__1 _8\"></span>2021, <span class=\"__1 _8\"></span>La <span class=\"__1 _8\"></span>Bio<span class=\"__1 _6\"></span>f\u00e1brica <span class=\"__1 _8\"></span>tie<span class=\"__1 _6\"></span>ne <span class=\"__1 _8\"></span>implantado <span class=\"__1 _8\"></span>un<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>sistema <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>gesti\u00f3<span class=\"__1 _6\"></span>n <span class=\"__1 _8\"></span>para <span class=\"__1 _8\"></span>demostrar <span class=\"__1 _4\"></span>la <span class=\"__1 _6\"></span>so<span class=\"__1 _6\"></span>stenibilidad<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la<span class=\"__1 _1bc\"> </span>biomasa <span class=\"__1 _cb\"> </span>seg\u00fan <span class=\"__1 _150\"> </span>el <span class=\"__1 _cb\"> </span>esquema <span class=\"__1 _cb\"> </span>alem\u00e1n <span class=\"__1 _150\"> </span>S<span class=\"__1 _6\"></span>URE. <span class=\"__1 _150\"> </span>E<span class=\"__1 _6\"></span>ste <span class=\"__1 _150\"> </span>s<span class=\"__1 _6\"></span>istema <span class=\"__1 _cb\"> </span>de <span class=\"__1 _150\"> </span>ce<span class=\"__1 _6\"></span>rti<span class=\"__1 _6\"></span>ficaci\u00f3n <span class=\"__1 _150\"> </span>es <span class=\"__1 _cb\"> </span>una <span class=\"__1 _cb\"> </span>de  l<span class=\"__1 _6\"></span>as <span class=\"__1 _cb\"> </span>herramientas<span class=\"__1 _1bc\"> </span>desarrolladas <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>ara <span class=\"__1 _6\"></span>asegurar <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>cumplimiento <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>exi<span class=\"__1 _6\"></span>gencias <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>Directiva <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>Ener<span class=\"__1 _6\"></span>g\u00edas <span class=\"__1 _6\"></span>Renovables <span class=\"__1 _6\"></span>(UE)<span class=\"__1 _1bc\"> </span>2018/2001 (RED II), norma europea que establece exigentes criterios de sostenibilidad que debe cumplir la<span class=\"__1 _1bc\"> </span>biomasa empleada en la gen<span class=\"__1 _6\"></span>eraci\u00f3n en<span class=\"__1 _6\"></span>erg\u00e9tica. El seguimiento y la<span class=\"__1 _5\"></span> mejora de <span class=\"__1 _70\"></span>los<span class=\"__1 _6\"></span> par\u00e1metros de e<span class=\"__1 _5\"></span>misi\u00f3n es otro de <span class=\"__1 _5\"></span>los objetivos <span class=\"__1 _5\"></span>de la gesti\u00f3n <span class=\"__1 _5\"></span>ambiental de<span class=\"__1 _1bc\"> </span>la <span class=\"__1 _6\"></span>compa\u00f1\u00eda <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>todas <span class=\"__1 _6\"></span>sus <span class=\"__1 _8\"></span>instalaciones. <span class=\"__1 _6\"></span>En <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>biof\u00e1brica <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>Navia <span class=\"__1 _6\"></span>se <span class=\"__1 _8\"></span>disponen <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>sistemas<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>medici\u00f3n <span class=\"__1 _8\"></span>en<span class=\"__1 _1bc\"> </span>continuo <span class=\"__1 _6\"></span>para <span class=\"__1 _6\"></span>monitorizar los<span class=\"__1 _6\"></span> principa<span class=\"__1 _6\"></span>les par\u00e1metros<span class=\"__1 _6\"></span> de <span class=\"__1 _6\"></span>emisi\u00f3n<span class=\"__1 _6\"></span> y <span class=\"__1 _6\"></span>asegurar <span class=\"__1 _6\"></span>no s<span class=\"__1 _6\"></span>\u00f3lo qu<span class=\"__1 _6\"></span>e no <span class=\"__1 _6\"></span>se su<span class=\"__1 _6\"></span>peran los<span class=\"__1 _1bc\"> </span>l\u00edmites d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>emisi\u00f3n <span class=\"__1 _6\"></span>establecid<span class=\"__1 _6\"></span>os <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>autorizaci\u00f3n<span class=\"__1 _6\"></span> amb<span class=\"__1 _6\"></span>iental <span class=\"__1 _6\"></span>sino <span class=\"__1 _6\"></span>que, <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>acuerdo <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>istema integ<span class=\"__1 _6\"></span>rado <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span>gesti\u00f3n basad<span class=\"__1 _6\"></span>o en la mejora contin<span class=\"__1 _6\"></span>ua, se pueda<span class=\"__1 _6\"></span>n mejorar pau<span class=\"__1 _6\"></span>latinamente. En<span class=\"ls0_1\"> <span class=\"__1 _4\"></span>2023, <span class=\"__1 _8\"></span>E<span class=\"__1 _6\"></span>nce <span class=\"__1 _4\"></span>ha <span class=\"__1 _8\"></span>con<span class=\"__1 _6\"></span>tinuado <span class=\"__1 _4\"></span>trabajando <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>la<span class=\"__1 _5\"></span> <span class=\"__1 _4\"></span>implantaci\u00f3n <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>las<span class=\"__1 _5\"></span> <span class=\"__1 _4\"></span>MTD, <span class=\"__1 _4\"></span>implantando <span class=\"__1 _8\"></span>y <span class=\"__1 _4\"></span>optimizando <span class=\"__1 _4\"></span>un<span class=\"__1 _1bc\"> </span></span>sistema <span class=\"__1 _8\"></span>para <span class=\"__1 _8\"></span>ab<span class=\"__1 _6\"></span>atir <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>emisiones <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>HCl <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>su <span class=\"__1 _8\"></span>caldera <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>biomasa, <span class=\"__1 _8\"></span>consiguiend<span class=\"__1 _6\"></span>o <span class=\"__1 _8\"></span>alcanzara <span class=\"__1 _8\"></span>cierre <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>a\u00f1o<span class=\"__1 _1bc\"> </span>valores por d<span class=\"__1 _6\"></span>ebajo de la <span class=\"__1 _6\"></span>propuesta del documento BREF de<span class=\"__1 _6\"></span> GIC.<span class=\"__1 _1bc\"> </span>En relaci\u00f3n con la<span class=\"__1 _6\"></span>s emisiones de los Horn<span class=\"__1 _6\"></span>os de Cal en la biof\u00e1brica de N<span class=\"__1 _6\"></span>avia<span class=\"__1 _6\"></span>, como p<span class=\"__1 _6\"></span>rincipal novedad, cabe<span class=\"__1 _1bc\"> </span>destacar <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>desde <span class=\"__1 _6\"></span>Ju<span class=\"__1 _6\"></span>lio, <span class=\"__1 _6\"></span>ha <span class=\"__1 _6\"></span>implantado <span class=\"__1 _6\"></span>tecnolog\u00eda <span class=\"__1 _6\"></span>para <span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>sar b<span class=\"__1 _6\"></span>iometanol <span class=\"__1 _6\"></span>obtenido <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>trat<span class=\"__1 _6\"></span>amiento <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>los<span class=\"__1 _1bc\"> </span>gases generados en el proceso de digesti\u00f3n como biocombustible alternativo, en parte, a <span class=\"__1 _5\"></span>los combustibles,<span class=\"__1 _1bc\"> </span>derivados del petr\u00f3leo que his<span class=\"__1 _5\"></span>t\u00f3ricamente all\u00ed se e<span class=\"__1 _5\"></span>mpleaban, con la consiguiente reducci\u00f3n de los <span class=\"__1 _5\"></span>gases de<span class=\"__1 _1bc\"> </span>efecto invernadero emitidos<span class=\"__1 _6\"></span>. Biof\u00e1brica de Ponte<span class=\"__1 _6\"></span>vedra Para la biof\u00e1brica d<span class=\"__1 _6\"></span>e Pontevedra, la conv<span class=\"__1 _6\"></span>ivencia y el respeto a las co<span class=\"__1 _6\"></span>munidades en las que se emplazan<span class=\"__1 _6\"></span> sus<span class=\"__1 _1bc\"> </span>instalaciones <span class=\"__1 _6\"></span>son u<span class=\"__1 _6\"></span>na prioridad <span class=\"__1 _6\"></span>estrat\u00e9gica par<span class=\"__1 _6\"></span>a garantiz<span class=\"__1 _6\"></span>ar la licencia <span class=\"__1 _6\"></span>social p<span class=\"__1 _6\"></span>ara op<span class=\"__1 _6\"></span>erar. Por ello, <span class=\"__1 _6\"></span>entre los<span class=\"__1 _1bc\"> </span>objetivos ambientales prioritarios, Ence <span class=\"__1 _70\"></span>enfoca sus esfuerzos <span class=\"__1 _70\"></span>en aquellos aspectos <span class=\"__1 _5\"></span>que pue<span class=\"__1 _5\"></span>den afectar <span class=\"__1 _70\"></span>a las<span class=\"__1 _1bc\"> </span>comunidades  vecinas,  tales  como <span class=\"__1 _c6\"> </span>el  impacto  ac\u00fastico,  la  calidad <span class=\"__1 _ca\"> </span>del  aire <span class=\"__1 _c6\"> </span>o  el  impacto  oloroso  de <span class=\"__1 _c6\"> </span>la<span class=\"__1 _1bc\"> </span>biof\u00e1brica. De <span class=\"__1 _6\"></span>esta <span class=\"__1 _4\"></span>m<span class=\"__1 _5\"></span>anera, <span class=\"__1 _8\"></span>se <span class=\"__1 _6\"></span>con<span class=\"__1 _6\"></span>tin\u00faa <span class=\"__1 _8\"></span>trabaj<span class=\"__1 _6\"></span>ando <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>Plan <span class=\"__1 _8\"></span>Olor <span class=\"__1 _8\"></span>Cero, <span class=\"__1 _8\"></span>gracia<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>al <span class=\"__1 _8\"></span>cual <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>ha <span class=\"__1 _8\"></span>conseguido <span class=\"__1 _8\"></span>reducir <span class=\"__1 _8\"></span>un<span class=\"__1 _1bc\"> </span>34% <span class=\"__1 _8\"></span>el <span class=\"__1 _4\"></span>n\u00famero <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>minutos <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>olor <span class=\"__1 _4\"></span>respecto <span class=\"__1 _8\"></span>al <span class=\"__1 _4\"></span>a\u00f1o <span class=\"__1 _8\"></span>pasado. <span class=\"__1 _4\"></span>De <span class=\"__1 _8\"></span>esta <span class=\"__1 _4\"></span>forma, <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>con<span class=\"__1 _6\"></span>tin\u00faa <span class=\"__1 _4\"></span>avanzando <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>la<span class=\"__1 _1bc\"> </span>mejora de la <span class=\"__1 _5\"></span>percepci\u00f3n olorosa,<span class=\"__1 _6\"></span> consiguiendo una reducci\u00f3n de <span class=\"__1 _5\"></span>m\u00e1s del 99% <span class=\"__1 _5\"></span>las emisiones olorosas de los<span class=\"__1 _1bc\"> </span>focos canalizad<span class=\"__1 _6\"></span>os desde el inicio d<span class=\"__1 _6\"></span>el proyecto en el a\u00f1o 201<span class=\"__1 _6\"></span>0.<span class=\"__1 _1bc\"> </span>La  gesti\u00f3n  responsable  de  los  recursos  h\u00eddricos  es  otra  de  las  principales  prioridades  en  materia  de<span class=\"__1 _1bc\"> </span>sostenibilidad<span class=\"__1 _6\"></span>, <span class=\"__1 _5\"></span>y en <span class=\"__1 _70\"></span>cons<span class=\"__1 _6\"></span>ecuencia, se <span class=\"__1 _70\"></span>tra<span class=\"__1 _6\"></span>baja tanto <span class=\"__1 _5\"></span>para m<span class=\"__1 _5\"></span>ejorar la <span class=\"__1 _70\"></span>eficiencia en el <span class=\"__1 _70\"></span>cons<span class=\"__1 _6\"></span>umo como <span class=\"__1 _70\"></span>la cali<span class=\"__1 _6\"></span>dad<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _c8\"> </span>su<span class=\"__1 _6\"></span>s <span class=\"__1 _c8\"> </span>efluentes. <span class=\"__1 _c6\"> </span>As\u00ed, <span class=\"__1 _c8\"> </span>aplicando <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c8\"> </span>metodo<span class=\"__1 _6\"></span>log\u00eda <span class=\"__1 _c8\"> </span>TQM <span class=\"__1 _c6\"> </span>y <span class=\"__1 _c8\"> </span>ajustes <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c8\"> </span>el <span class=\"__1 _c6\"> </span>proceso <span class=\"__1 _c6\"> </span>que <span class=\"__1 _c8\"> </span>permiten <span class=\"__1 _c8\"> </span>mejorar <span class=\"__1 _c6\"> </span>la<span class=\"__1 _1bc\"> </span>eficiencia <span class=\"__1 _4\"></span>y <span class=\"__1 _c8\"> </span>maximizar <span class=\"__1 _c8\"></span>la <span class=\"__1 _4\"></span>reu<span class=\"__1 _6\"></span>tilizaci\u00f3n <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>agua, <span class=\"__1 _c8\"></span>se <span class=\"__1 _4\"></span>ha <span class=\"__1 _c8\"></span>alcanzad<span class=\"__1 _6\"></span>o <span class=\"__1 _4\"></span>en <span class=\"__1 _c8\"></span>el <span class=\"__1 _4\"></span>a\u00f1o <span class=\"__1 _c8\"></span>2023 <span class=\"__1 _4\"></span>un <span class=\"__1 _c8\"></span>nuevo <span class=\"__1 _4\"></span>h<span class=\"__1 _6\"></span>ito <span class=\"__1 _4\"></span>al <span class=\"__1 _c8\"></span>haber<span class=\"__1 _1bc\"> </span>conseguido un consumo de 26,0 m\u00b3 por tonelada de pasta, siendo nuevamente el menor consumo de agua<span class=\"__1 _1bc\"> </span>por tonelada d<span class=\"__1 _6\"></span>e pasta de la historia de la b<span class=\"__1 _6\"></span>iof\u00e1brica. En el a\u00f1o 2022, d<span class=\"__1 _6\"></span>ebido a las excepcionales co<span class=\"__1 _6\"></span>ndiciones de s<span class=\"__1 _6\"></span>equ\u00eda que ocurrieron en Galic<span class=\"__1 _6\"></span>ia la <span class=\"__1 _6\"></span>biof\u00e1brica se<span class=\"__1 _1bc\"> </span>vio <span class=\"__1 _6\"></span>obligad<span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>suspend<span class=\"__1 _6\"></span>er s<span class=\"__1 _6\"></span>u <span class=\"__1 _6\"></span>actividad <span class=\"__1 _8\"></span>por <span class=\"__1 _8\"></span>indisponibilidad <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>agua. <span class=\"__1 _6\"></span>A <span class=\"__1 _6\"></span>ra<span class=\"__1 _6\"></span>\u00edz <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>esta <span class=\"__1 _6\"></span>situ<span class=\"__1 _6\"></span>aci\u00f3n, <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>dise\u00f1\u00f3 <span class=\"__1 _8\"></span>una<span class=\"__1 _1bc\"> </span>soluci\u00f3n <span class=\"__1 _6\"></span>plenamente <span class=\"__1 _6\"></span>alineada<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>con <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>econom\u00eda <span class=\"__1 _6\"></span>circular,<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>basada <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>reutiliza<span class=\"__1 _6\"></span>ci\u00f3n <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>agua <span class=\"__1 _6\"></span>pro<span class=\"__1 _6\"></span>cedente d<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span>la cercana esta<span class=\"__1 _6\"></span>ci\u00f3n depu<span class=\"__1 _6\"></span>radora de aguas<span class=\"__1 _6\"></span> residuales urb<span class=\"__1 _6\"></span>anas de Placeres <span class=\"__1 _6\"></span>y del trata<span class=\"__1 _6\"></span>mie<span class=\"__1 _6\"></span>nto <span class=\"__1 _6\"></span>del efluente del<span class=\"__1 _1bc\"> </span>vertido para su uso <span class=\"__1 _5\"></span>en el<span class=\"__1 _5\"></span> proceso de producci\u00f3n. As\u00ed, <span class=\"__1 _5\"></span>el agua <span class=\"__1 _5\"></span>residual depurada, en lugar <span class=\"__1 _70\"></span>de verterse al mar<span class=\"__1 _1bc\"> </span>desde <span class=\"__1 _c8\"> </span>las <span class=\"__1 _c6\"> </span>dos <span class=\"__1 _c6\"> </span>depuradoras <span class=\"__1 _c6\"> </span>(municipal <span class=\"__1 _c8\"> </span>e <span class=\"__1 _c8\"> </span>in<span class=\"__1 _6\"></span>dustrial), <span class=\"__1 _c8\"> </span>un<span class=\"__1 _6\"></span>a <span class=\"__1 _c8\"></span>vez <span class=\"__1 _c8\"> </span>trata<span class=\"__1 _6\"></span>da <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c8\"> </span>acon<span class=\"__1 _6\"></span>dicionada, <span class=\"__1 _c6\"> </span>fue <span class=\"__1 _c8\"> </span>usada <span class=\"__1 _c6\"> </span>por <span class=\"__1 _c8\"> </span>la<span class=\"__1 _1bc\"> </span>biof\u00e1brica <span class=\"__1 _c9\"> </span>para <span class=\"__1 _c9\"> </span>la <span class=\"__1 _c9\"> </span>producci\u00f3<span class=\"__1 _6\"></span>n <span class=\"__1 _c9\"> </span>de <span class=\"__1 _c9\"> </span>celulosa. <span class=\"__1 _c9\"> </span>Esta <span class=\"__1 _c9\"> </span>soluci\u00f3n <span class=\"__1 _c9\"> </span>permitir\u00e1 <span class=\"__1 _c9\"> </span>a <span class=\"__1 _c9\"> </span>Ence, <span class=\"__1 _c9\"> </span>una <span class=\"__1 _c9\"> </span>vez <span class=\"__1 _c9\"> </span>adecuadas <span class=\"__1 _c9\"> </span>sus<div class=\"c_1 w2_1 h58 gs1ea\"><div class=\"t_1 m0_1 x1f h8_1 y1ef ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">infraestructuras de <span class=\"__1 _70\"></span>captaci\u00f3n, <span class=\"__1 _70\"></span>continu<span class=\"__1 _6\"></span>ar <span class=\"__1 _70\"></span>con las<span class=\"__1 _5\"></span> <span class=\"__1 _70\"></span>operaciones<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>manera <span class=\"__1 _5\"></span>regular <span class=\"__1 _70\"></span>si <span class=\"__1 _5\"></span>se <span class=\"__1 _70\"></span>pro<span class=\"__1 _6\"></span>dujeran <span class=\"__1 _70\"></span>en <span class=\"__1 _5\"></span>el <span class=\"__1 _70\"></span>futuro </div><div class=\"t_1 m0_1 x1f h8_1 y1f0 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">nuevas s<span class=\"__1 _6\"></span>ituaciones de sequ\u00eda severa.<span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x1f h8_1 y63e ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Referente <span class=\"__1 _c6\"> </span>al <span class=\"__1 _c6\"> </span>v<span class=\"__1 _6\"></span>ertido <span class=\"__1 _c6\"> </span>l\u00edquid<span class=\"__1 _6\"></span>o <span class=\"__1 _c8\"> </span>en  la <span class=\"__1 _c8\"> </span>bi<span class=\"__1 _6\"></span>of\u00e1brica  Po<span class=\"__1 _5\"></span>ntevedra, <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c6\"> </span>el <span class=\"__1 _ca\"> </span>a\u00f1o <span class=\"__1 _c6\"> </span>2023 <span class=\"__1 _c6\"> </span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _c6\"> </span>mantienen <span class=\"__1 _ca\"> </span>los <span class=\"__1 _c6\"> </span>resu<span class=\"__1 _6\"></span>ltados </div><div class=\"t_1 m0_1 x1f h8_1 y5f3 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">alcanzados <span class=\"__1 _6\"></span>a\u00f1os <span class=\"__1 _6\"></span>anteriores. T<span class=\"__1 _6\"></span>odos <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>par\u00e1metros d<span class=\"__1 _6\"></span>el efluente <span class=\"__1 _6\"></span>de la <span class=\"__1 _6\"></span>planta <span class=\"__1 _6\"></span>se s<span class=\"__1 _6\"></span>ituaron <span class=\"__1 _6\"></span>muy <span class=\"__1 _6\"></span>por debaj<span class=\"__1 _6\"></span>o de </div><div class=\"t_1 m0_1 x1f h8_1 y5f4 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">los <span class=\"__1 _6\"></span>l\u00edmites <span class=\"__1 _6\"></span>fijados <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>AAI, <span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>ntre <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>cabe <span class=\"__1 _6\"></span>destacar <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>DQO <span class=\"__1 _6\"></span>(Demanda <span class=\"__1 _6\"></span>Qu\u00edmi<span class=\"__1 _6\"></span>ca <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>O<span class=\"__1 _8\"></span>x\u00edgeno), p<span class=\"__1 _6\"></span>rincipal </div><div class=\"t_1 m0_1 x1f h8_1 y5f5 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">medida <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>calidad<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>efluente, <span class=\"__1 _4\"></span>que <span class=\"__1 _8\"></span>mejor\u00f3 <span class=\"__1 _4\"></span>un <span class=\"__1 _4\"></span>55 <span class=\"__1 _4\"></span>% <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>l\u00edmite <span class=\"__1 _8\"></span>marcad<span class=\"__1 _6\"></span>o <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>au<span class=\"__1 _6\"></span>torizaci\u00f3n <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>vertido, </div><div class=\"t_1 m0_1 x1f h8_1 y5f6 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">situ\u00e1ndose en 3,15 kg/tAD, <span class=\"__1 _6\"></span>frente al m\u00e1ximo es<span class=\"__1 _6\"></span>tablecido en 7 kg/t<span class=\"__1 _6\"></span>AD.<span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x1f h8_1 y243 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">La <span class=\"__1 _8\"></span>evoluci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>este <span class=\"__1 _8\"></span>dato <span class=\"__1 _8\"></span>confirma <span class=\"__1 _8\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>avan<span class=\"__1 _6\"></span>ces <span class=\"__1 _8\"></span>que <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>biof\u00e1brica <span class=\"__1 _4\"></span>ha <span class=\"__1 _8\"></span>logrado<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>calidad <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>u <span class=\"__1 _8\"></span>efluente </div><div class=\"t_1 m0_1 x1f h8_1 y244 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">final <span class=\"__1 _4\"></span>y <span class=\"__1 _c8\"></span>as\u00ed <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>DQO <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>Ence <span class=\"__1 _4\"></span>Pontevedra <span class=\"__1 _c8\"></span>mejora <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>un <span class=\"__1 _c8\"></span>84% <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>rango <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>uperior <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>referencia <span class=\"__1 _c8\"></span>que <span class=\"__1 _4\"></span>marca <span class=\"__1 _c8\"></span>la </div><div class=\"t_1 m0_1 x1f h8_1 y245 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">normativa europea BRE<span class=\"__1 _6\"></span>F de mejores pr\u00e1cticas<span class=\"__1 _6\"></span> ambientale<span class=\"__1 _6\"></span>s del sector de la celulos<span class=\"__1 _6\"></span>a para este par<span class=\"__1 _6\"></span>\u00e1metro.<span class=\"__1 _8\"></span> </div><div class=\"t_1 m0_1 x1f h8_1 y131c ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"__1 _4\"></span>modelo <span class=\"__1 _4\"></span>productivo <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>Ence <span class=\"__1 _4\"></span>es <span class=\"__1 _4\"></span>un <span class=\"__1 _4\"></span>ejemplo <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>circ<span class=\"__1 _5\"></span>ularid<span class=\"__1 _6\"></span>ad, <span class=\"__1 _4\"></span>ya <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>se <span class=\"__1 _8\"></span>b<span class=\"__1 _6\"></span>asa <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>ap<span class=\"__1 _6\"></span>rovechamiento <span class=\"__1 _4\"></span>de </div><div class=\"t_1 m0_1 x1f h8_1 y131d ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">materias <span class=\"__1 _6\"></span>primas <span class=\"__1 _6\"></span>renov<span class=\"__1 _6\"></span>ables <span class=\"__1 _6\"></span>(madera <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>biomasa) <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>ap<span class=\"__1 _6\"></span>lica <span class=\"__1 _6\"></span>procesos<span class=\"__1 _6\"></span> p<span class=\"__1 _6\"></span>roductivos<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e ciclo <span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>errado <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>que<span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x1f h8_1 y135e ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">se recuperan la mayor\u00eda de <span class=\"__1 _5\"></span>los materiales utilizados. Adem\u00e1s, dado que las <span class=\"__1 _5\"></span>materias primas empleadas son<span class=\"__1 _5\"></span> </div><div class=\"t_1 m0_1 x1f h8_1 y10cc ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">naturales <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>renovables, <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>gran<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>mayor\u00eda <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>residuos <span class=\"__1 _4\"></span>que<span class=\"__1 _5\"></span> <span class=\"__1 _8\"></span>se <span class=\"__1 _4\"></span>generan <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>biof\u00e1brica <span class=\"__1 _4\"></span>son <span class=\"__1 _8\"></span>recuperables <span class=\"__1 _8\"></span>y </div><div class=\"t_1 m0_1 x1f h8_1 y135f ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">valorizables <span class=\"__1 _c6\"> </span>mediante <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c6\"> </span>e<span class=\"__1 _6\"></span>laboraci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>tecnosuelos. <span class=\"__1 _c6\"> </span>E<span class=\"__1 _6\"></span>sto <span class=\"__1 _c6\"> </span>ha <span class=\"__1 _c6\"> </span>permitido <span class=\"__1 _c6\"> </span>a <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c6\"> </span>biof\u00e1b<span class=\"__1 _6\"></span>rica <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>Pontevedra </div><div class=\"t_1 m0_1 x1f h8_1 y1352 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">revalidar en 2023 la c<span class=\"__1 _6\"></span>ertificaci\u00f3n <span class=\"__1 _6\"></span>Residuo Cero de AE<span class=\"__1 _6\"></span>NOR, que recono<span class=\"__1 _6\"></span>ce a las organizacio<span class=\"__1 _6\"></span>nes qu<span class=\"__1 _6\"></span>e valorizan </div><div class=\"t_1 m0_1 x1f h8_1 y1353 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">las <span class=\"__1 _4\"></span>distintas <span class=\"__1 _4\"></span>fracciones <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>residuo<span class=\"__1 _6\"></span>s <span class=\"__1 _4\"></span>que <span class=\"__1 _8\"></span>generan<span class=\"__1 _6\"></span>, <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>evitan <span class=\"__1 _8\"></span>as\u00ed <span class=\"__1 _4\"></span>su <span class=\"__1 _4\"></span>dep\u00f3sito <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>vertedero. <span class=\"__1 _4\"></span>La <span class=\"__1 _4\"></span>biof\u00e1brica <span class=\"__1 _4\"></span>de </div><div class=\"t_1 m0_1 x1f h8_1 y1354 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pontevedra <span class=\"__1 _4\"></span>fue <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>primera <span class=\"__1 _4\"></span>in<span class=\"__1 _6\"></span>stalaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>Ence <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>conseg<span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>ir <span class=\"__1 _4\"></span>este <span class=\"__1 _4\"></span>certificado. <span class=\"__1 _4\"></span>En <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>a\u00f1<span class=\"__1 _6\"></span>o <span class=\"__1 _4\"></span>2023 <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>ratio <span class=\"__1 _4\"></span>de </div><div class=\"t_1 m0_1 x1f h8_1 y1360 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">valorizaci\u00f3n de los<span class=\"__1 _6\"></span> residuos se sit\u00faa p<span class=\"__1 _6\"></span>or encima del 99 %.<span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x1f h8_1 y654 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Al <span class=\"__1 _4\"></span>igual <span class=\"__1 _c8\"></span>que <span class=\"__1 _4\"></span>la <span class=\"__1 _c8\"></span>generaci\u00f3n <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>residu<span class=\"__1 _6\"></span>os, <span class=\"__1 _4\"></span>el <span class=\"__1 _c8\"></span>enfoque <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>econom\u00eda <span class=\"__1 _c8\"></span>circular <span class=\"__1 _4\"></span>qu<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>aplica <span class=\"__1 _c8\"></span>Ence <span class=\"__1 _c8\"></span>en <span class=\"__1 _4\"></span>su <span class=\"__1 _c8\"></span>modelo </div><div class=\"t_1 m0_1 x1f h8_1 y655 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">productivo  persigue <span class=\"__1 _c8\"> </span>redu<span class=\"__1 _6\"></span>cir <span class=\"__1 _c6\"> </span>las<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>emisiones  a <span class=\"__1 _c8\"> </span>la  atm\u00f3sfera. <span class=\"__1 _ca\"> </span>Por <span class=\"__1 _c6\"> </span>ello, <span class=\"__1 _ca\"> </span>el <span class=\"__1 _c6\"> </span>segu<span class=\"__1 _6\"></span>imiento <span class=\"__1 _c6\"> </span>y<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c6\"> </span>mejora  de <span class=\"__1 _c8\"> </span>los<span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x1f h8_1 y27e ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">par\u00e1metros <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>emisi\u00f3n <span class=\"__1 _c6\"> </span>es <span class=\"__1 _c6\"> </span>otro<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>los <span class=\"__1 _c6\"> </span>objetivos<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c6\"> </span>gesti\u00f3<span class=\"__1 _6\"></span>n <span class=\"__1 _c6\"> </span>ambiental <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c6\"> </span>biof\u00e1brica. <span class=\"__1 _ca\"> </span>Para <span class=\"__1 _c6\"> </span>ello <span class=\"__1 _c6\"> </span>se </div><div class=\"t_1 m0_1 x1f h8_1 y656 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">disponen <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>istemas <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>medici\u00f3n <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>continuo <span class=\"__1 _8\"></span>par<span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>monitorizar <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>principales<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>par\u00e1metros <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>emisi\u00f3n<span class=\"__1 _8\"></span> <span class=\"__1 _8\"></span><span class=\"lsba\">y </span></div><div class=\"t_1 m0_1 x1f h8_1 y657 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">asegurar <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>no <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>\u00f3lo <span class=\"__1 _8\"></span>que <span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>uperan <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>l\u00edmites <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>emisi\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>establecidos <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>Autorizaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>Ambienta<span class=\"__1 _6\"></span>l </div><div class=\"t_1 m0_1 x1f h8_1 y315 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Integrada, <span class=\"__1 _8\"></span>sino <span class=\"__1 _6\"></span>que, <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>acuerdo <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>sistema <span class=\"__1 _6\"></span>in<span class=\"__1 _6\"></span>tegrado <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>gesti\u00f3n <span class=\"__1 _6\"></span>basado <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>mejora <span class=\"__1 _6\"></span>con<span class=\"__1 _6\"></span>tinua, <span class=\"__1 _6\"></span>se <span class=\"__1 _8\"></span>puedan </div><div class=\"t_1 m0_1 x1f h8_1 y658 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">mejorar paulatinamente.<span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x1f h8_1 y1b8 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El compromiso <span class=\"__1 _5\"></span>de Ence con <span class=\"__1 _70\"></span>la sos<span class=\"__1 _6\"></span>tenibilidad ambiental se <span class=\"__1 _70\"></span>evidencia tambi\u00e9n en <span class=\"__1 _5\"></span>la certificaci\u00f3n de <span class=\"__1 _70\"></span>la norma </div><div class=\"t_1 m0_1 x1f h8_1 y1361 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ISO <span class=\"__1 _c6\"> </span>50001 <span class=\"__1 _c6\"> </span>implantada <span class=\"__1 _c6\"> </span>p<span class=\"__1 _6\"></span>or <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c6\"> </span>biof\u00e1brica <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>Pon<span class=\"__1 _6\"></span>tevedra. <span class=\"__1 _c6\"> </span>Dicha <span class=\"__1 _c6\"> </span>certificaci\u00f3n, <span class=\"__1 _c6\"> </span>acredita<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>a <span class=\"__1 _c6\"> </span>Ence <span class=\"__1 _c6\"> </span>como <span class=\"__1 _c6\"> </span>una </div><div class=\"t_1 m0_1 x1f h8_1 y1362 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">organizaci\u00f3n  qu<span class=\"__1 _6\"></span>e  desarrolla  un  enfoqu<span class=\"__1 _6\"></span>e  sistem\u00e1tico  con  respecto <span class=\"__1 _150\"> </span>al  ren<span class=\"__1 _8\"></span>dimiento,  la  adq<span class=\"__1 _6\"></span>uisici\u00f3n  y  el </div><div class=\"t_1 m0_1 x1f h8_1 y1363 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">consumo <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>energ\u00eda <span class=\"__1 _4\"></span>dura<span class=\"__1 _6\"></span>nte <span class=\"__1 _4\"></span>su <span class=\"__1 _4\"></span>proceso <span class=\"__1 _4\"></span>productivo, <span class=\"__1 _4\"></span>poniendo <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>v<span class=\"__1 _6\"></span>alor <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>excelencia <span class=\"__1 _4\"></span>ambiental <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>la </div><div class=\"t_1 m0_1 x1f h8_1 y8db ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">biof\u00e1brica. </div><div class=\"t_1 m0_1 x1f h8_1 y1364 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">La <span class=\"__1 _ca\"> </span>Biof\u00e1brica <span class=\"__1 _ca\"> </span>tiene <span class=\"__1 _c6\"> </span>implan<span class=\"__1 _6\"></span>tado  tambi\u00e9n <span class=\"__1 _c6\"> </span>un  si<span class=\"__1 _5\"></span>stema <span class=\"__1 _ca\"> </span>de <span class=\"__1 _c6\"> </span>gesti\u00f3n  para <span class=\"__1 _c6\"> </span>demostrar  la <span class=\"__1 _c6\"> </span>sostenibilidad  de <span class=\"__1 _c6\"> </span>la </div><div class=\"t_1 m0_1 x1f h8_1 y1365 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">biomasa seg\u00fan<span class=\"__1 _6\"></span> el esquema alem\u00e1n SURE. <span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x1f h8_1 yfd9 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">En <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>contexto<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>econom\u00eda <span class=\"__1 _8\"></span>circular <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>luch<span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>contra <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>cambio <span class=\"__1 _8\"></span>clim\u00e1tico, <span class=\"__1 _8\"></span>Ence <span class=\"__1 _6\"></span>ha <span class=\"__1 _8\"></span>contin<span class=\"__1 _6\"></span>uado <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>2023<span class=\"__1 _70\"></span> </div><div class=\"t_1 m0_1 x1f h8_1 y49f ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">desarrollando  productos  especiales  bajo  el  paraguas  de <span class=\"__1 _c6\"> </span>la  marca  \u201cEnce  Advanced\u201d  para  ofrecer <span class=\"__1 _ca\"> </span>a  la </div><div class=\"t_1 m0_1 x1f h8_1 y4a0 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">sociedad, <span class=\"__1 _c8\"></span>productos <span class=\"__1 _4\"></span>natural<span class=\"__1 _6\"></span>es <span class=\"__1 _c8\"></span>que <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>vez, <span class=\"__1 _c8\"></span>tienen <span class=\"__1 _4\"></span>un <span class=\"__1 _4\"></span>perfil <span class=\"__1 _c8\"></span>ambiental <span class=\"__1 _4\"></span>mejorado. <span class=\"__1 _c8\"></span>Entre <span class=\"__1 _4\"></span>ellos <span class=\"__1 _c8\"></span>destaca <span class=\"__1 _4\"></span>la </div><div class=\"t_1 m0_1 x1f h8_1 y1366 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">celulosa <span class=\"__1 _8\"></span>Naturcell <span class=\"__1 _8\"></span>dise\u00f1ada <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>desarrollada <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>biof\u00e1b<span class=\"__1 _6\"></span>rica <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>Po<span class=\"__1 _6\"></span>ntevedra, <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>representa <span class=\"__1 _8\"></span>un <span class=\"__1 _8\"></span>ejemplo <span class=\"__1 _6\"></span>de<span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x1f h8_1 y4a2 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">econom\u00eda <span class=\"__1 _c8\"></span>circular <span class=\"__1 _c8\"></span>y <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>tra<span class=\"__1 _6\"></span>nsici\u00f3n <span class=\"__1 _c8\"></span>ecol\u00f3gica <span class=\"__1 _4\"></span>hacia <span class=\"__1 _c8\"> </span>un <span class=\"__1 _c8\"> </span>nuevo<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>mod<span class=\"__1 _6\"></span>elo <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>cons<span class=\"__1 _6\"></span>um<span class=\"__1 _6\"></span>o. <span class=\"__1 _c8\"> </span>Se <span class=\"__1 _c8\"></span>trata <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>una <span class=\"__1 _c8\"> </span>fibra </div><div class=\"t_1 m0_1 x1f h8_1 y452 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">natural, <span class=\"__1 _c1\"> </span>renovable, <span class=\"__1 _d1\"> </span>biodegradable <span class=\"__1 _d1\"> </span>y <span class=\"__1 _c1\"> </span>muy <span class=\"__1 _d1\"> </span>vers\u00e1til, <span class=\"__1 _d1\"> </span>proveniente <span class=\"__1 _c1\"> </span>de <span class=\"__1 _d1\"> </span>una <span class=\"__1 _d1\"> </span>producci\u00f3n <span class=\"__1 _c1\"> </span>sostenible <span class=\"__1 _cc\"> </span>y </div><div class=\"t_1 m0_1 x1f h8_1 y453 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">medioambientalmente  respetuos<span class=\"__1 _6\"></span>a.  Es <span class=\"__1 _c6\"> </span>un<span class=\"__1 _6\"></span>a  celulosa <span class=\"__1 _c6\"> </span>no  blanqueada  que  permite <span class=\"__1 _c6\"> </span>elab<span class=\"__1 _6\"></span>orar  papel <span class=\"__1 _ca\"> </span>tis\u00fa  y<span class=\"__1 _5\"></span> </div><div class=\"t_1 m0_1 x1f h8_1 y454 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">papeles <span class=\"__1 _cb\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _cb\"> </span>packagin<span class=\"__1 _6\"></span>g <span class=\"__1 _cb\"> </span>no <span class=\"__1 _c9\"> </span>blanqueados, <span class=\"__1 _c9\"> </span>adem\u00e1s <span class=\"__1 _c9\"> </span>de <span class=\"__1 _cb\"> </span>la <span class=\"__1 _c9\"> </span>producci\u00f3n <span class=\"__1 _cb\"> </span>de <span class=\"__1 _c9\"> </span>bolsas, <span class=\"__1 _c9\"> </span>platos <span class=\"__1 _cb\"> </span>y <span class=\"__1 _cb\"> </span>envases <span class=\"__1 _c9\"> </span>para </div><div class=\"t_1 m0_1 x1f h8_1 y882 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">alimentaci\u00f3n, <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>ando <span class=\"__1 _8\"></span>u<span class=\"__1 _6\"></span>n <span class=\"__1 _8\"></span>paso <span class=\"__1 _8\"></span>adelante <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>materia <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>ostenibilidad,<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>con <span class=\"__1 _8\"></span>un<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>menor <span class=\"__1 _4\"></span>consumo <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>madera, </div><div class=\"t_1 m0_1 x1f h8_1 y883 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">agua y<span class=\"__1 _6\"></span> energ\u00eda <span class=\"__1 _6\"></span>en s<span class=\"__1 _6\"></span>u pro<span class=\"__1 _6\"></span>ceso <span class=\"__1 _6\"></span>de fabricaci\u00f3n <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>una <span class=\"__1 _6\"></span>reducci\u00f3n<span class=\"__1 _6\"></span> de <span class=\"__1 _6\"></span>la hu<span class=\"__1 _6\"></span>ella d<span class=\"__1 _6\"></span>e carbono, <span class=\"__1 _6\"></span>proporcion<span class=\"__1 _6\"></span>ando <span class=\"__1 _6\"></span>una </div><div class=\"t_1 m0_1 x1f h8_1 y884 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">alternativa renov<span class=\"__1 _6\"></span>able y de origen natural al u<span class=\"__1 _6\"></span>so de fibras sint\u00e9ticas y p<span class=\"__1 _6\"></span>l\u00e1sticos.<span class=\"__1 _6\"></span> </div></div>Negocio Energ\u00eda Ren<span class=\"__1 _6\"></span>ovable  Durante <span class=\"__1 _c8\"></span>el <span class=\"__1 _4\"></span>a\u00f1<span class=\"__1 _6\"></span>o <span class=\"__1 _c8\"></span>2023, <span class=\"__1 _4\"></span>en <span class=\"__1 _c8\"> </span>el <span class=\"__1 _c8\"> </span>\u00e1rea <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>energ\u00eda <span class=\"__1 _c8\"> </span>se <span class=\"__1 _c8\"></span>ha <span class=\"__1 _c8\"></span>trabajado <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c8\"> </span>diferentes <span class=\"__1 _c8\"></span>objetivos <span class=\"__1 _c8\"> </span>ambientales <span class=\"__1 _c8\"> </span>como Objetivos <span class=\"__1 _cc\"> </span>de <span class=\"__1 _cc\"> </span>Mejora <span class=\"__1 _cc\"> </span>Ambiental <span class=\"__1 _cc\"> </span>utilizan<span class=\"__1 _6\"></span>do <span class=\"__1 _cc\"> </span>como <span class=\"__1 _cc\"> </span>herramienta <span class=\"__1 _cc\"> </span>metodolog\u00eda <span class=\"__1 _cc\"> </span>TQM. <span class=\"__1 _cc\"> </span>Entre <span class=\"__1 _cc\"> </span>ellos, <span class=\"__1 _cc\"> </span>se establecieron ob<span class=\"__1 _6\"></span>jetivos en <span class=\"__1 _6\"></span>el \u00e1rea d<span class=\"__1 _6\"></span>e Sistema <span class=\"__1 _6\"></span>de Gesti\u00f3n <span class=\"__1 _6\"></span>Medio Am<span class=\"__1 _6\"></span>bienta<span class=\"__1 _6\"></span>l, cons<span class=\"__1 _6\"></span>igui\u00e9ndose <span class=\"__1 _6\"></span>en septiembre la <span class=\"__1 _6\"></span>certi<span class=\"__1 _6\"></span>ficaci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>dicho <span class=\"__1 _8\"></span>sistema <span class=\"__1 _8\"></span>conforme <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>norma <span class=\"__1 _8\"></span>UNE <span class=\"__1 _8\"></span>14001. <span class=\"__1 _8\"></span>Se <span class=\"__1 _8\"></span>establecieron <span class=\"__1 _8\"></span>tambi\u00e9n <span class=\"__1 _8\"></span>objetivos<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e reducci\u00f3n de consu<span class=\"__1 _6\"></span>mos de agua, d<span class=\"__1 _6\"></span>e mejora de calidad del aire y gesti\u00f3<span class=\"__1 _6\"></span>n de residuos<span class=\"__1 _6\"></span> y reducci\u00f3n de ruido. <span class=\"__1 _8\"></span> Durante <span class=\"__1 _c8\"> </span>2023 <span class=\"__1 _c8\"> </span>se <span class=\"__1 _c8\"> </span>ha <span class=\"__1 _c6\"> </span>continuado <span class=\"__1 _c8\"> </span>igualmente <span class=\"__1 _c8\"> </span>con <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c6\"> </span>participaci\u00f3n <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>este <span class=\"__1 _c8\"> </span>\u00e1rea <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>negocio <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c8\"> </span>p<span class=\"__1 _6\"></span>royectos transversales <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>la revalorizaci\u00f3n de <span class=\"__1 _6\"></span>residuos y <span class=\"__1 _6\"></span>realizaci\u00f3n d<span class=\"__1 _6\"></span>e un an\u00e1lisis <span class=\"__1 _6\"></span>de riesgos <span class=\"__1 _6\"></span>piloto en <span class=\"__1 _6\"></span>una <span class=\"__1 _6\"></span>de las plantas que ser\u00e1 extend<span class=\"__1 _6\"></span>ido al resto d<span class=\"__1 _6\"></span>e instalac<span class=\"__1 _6\"></span>iones a lo la<span class=\"__1 _6\"></span>rgo de 2024. Econom\u00eda Circu<span class=\"__1 _6\"></span>lar Durante el <span class=\"__1 _70\"></span>a\u00f1<span class=\"__1 _6\"></span>o 2023 <span class=\"__1 _70\"></span>se han conseguido diversos logros <span class=\"__1 _70\"></span>en Magnon gracias <span class=\"__1 _5\"></span>al equipo <span class=\"__1 _5\"></span>de tra<span class=\"__1 _5\"></span>bajo formado <span class=\"__1 _5\"></span>en 2022 <span class=\"__1 _c6\"> </span>par<span class=\"__1 _6\"></span>a <span class=\"__1 _ca\"> </span>estudiar  e <span class=\"__1 _c6\"> </span>impulsar <span class=\"__1 _ca\"> </span>alternativas  de <span class=\"__1 _c6\"> </span>gesti\u00f3n  sostenible <span class=\"__1 _c6\"> </span>a  los <span class=\"__1 _c6\"> </span>residuos  generados <span class=\"__1 _c6\"> </span>durante  la<span class=\"__1 _5\"></span> operaci\u00f3n <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>las <span class=\"__1 _4\"></span>plantas. <span class=\"__1 _8\"></span>Mediante <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>mismo, <span class=\"__1 _4\"></span>se <span class=\"__1 _8\"></span>persigue <span class=\"__1 _4\"></span>optimizar <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>gesti\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>los <span class=\"__1 _8\"></span>resid<span class=\"__1 _6\"></span>uos, <span class=\"__1 _4\"></span>desde<span class=\"__1 _5\"></span> <span class=\"__1 _4\"></span>u<span class=\"__1 _5\"></span>n punto  de <span class=\"__1 _c6\"> </span>vista  hol\u00edstico, <span class=\"__1 _c6\"> </span>basad<span class=\"__1 _6\"></span>o <span class=\"__1 _ca\"> </span>en <span class=\"__1 _ca\"> </span>el <span class=\"__1 _c6\"> </span>cono<span class=\"__1 _6\"></span>cimiento  profundo <span class=\"__1 _ca\"> </span>de <span class=\"__1 _ca\"> </span>sus  caracter\u00edsticas <span class=\"__1 _c6\"> </span>y  aptitudes <span class=\"__1 _ca\"> </span>para dotarlos de n<span class=\"__1 _6\"></span>uevas oportunidades en diferentes pro<span class=\"__1 _6\"></span>cesos, t<span class=\"__1 _6\"></span>anto d<span class=\"__1 _6\"></span>entro de nuestras instalaciones como en<span class=\"__1 _6\"></span> otras de terceros. <span class=\"__1 _6\"></span> En las<span class=\"__1 _6\"></span> plantas d<span class=\"__1 _6\"></span>e energ\u00eda, <span class=\"__1 _6\"></span>durante <span class=\"__1 _6\"></span>2023 se h<span class=\"__1 _6\"></span>a estad<span class=\"__1 _6\"></span>o trab<span class=\"__1 _6\"></span>ajando en <span class=\"__1 _6\"></span>varios p<span class=\"__1 _6\"></span>royectos <span class=\"__1 _6\"></span>de investigaci\u00f3n <span class=\"__1 _6\"></span>para lograr <span class=\"__1 _c6\"> </span>la <span class=\"__1 _ca\"> </span>valorizaci\u00f3n  de <span class=\"__1 _c6\"> </span>escorias  y <span class=\"__1 _c8\"> </span>ceniza<span class=\"__1 _6\"></span>s <span class=\"__1 _c6\"> </span>y  dotarles <span class=\"__1 _c6\"> </span>de <span class=\"__1 _ca\"> </span>un <span class=\"__1 _c6\"> </span>nu<span class=\"__1 _6\"></span>evo <span class=\"__1 _c6\"> </span>us<span class=\"__1 _6\"></span>o <span class=\"__1 _c6\"> </span>como <span class=\"__1 _ca\"> </span>enmiend<span class=\"__1 _8\"></span>as  org\u00e1nicas <span class=\"__1 _c6\"> </span>o generaci\u00f3n de \u00e1ridos a<span class=\"__1 _6\"></span>rtificiales, entre otros<span class=\"__1 _6\"></span>. Destacan las siguientes<span class=\"__1 _6\"></span> iniciativas:<span class=\"__1 _6\"></span> \u2713<span class=\"ff2_1\"> <span class=\"__1 _58\"> </span><span class=\"ff4 fc0_1\">Se <span class=\"__1 _c8\"> </span>ha <span class=\"__1 _c8\"> </span>con<span class=\"__1 _6\"></span>tinuado <span class=\"__1 _c8\"> </span>con<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>los <span class=\"__1 _c8\"> </span>tr\u00e1mites <span class=\"__1 _c8\"> </span>p<span class=\"__1 _6\"></span>ara <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c8\"> </span>obtenci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>l<span class=\"__1 _6\"></span>a <span class=\"__1 _c8\"> </span>clasificaci\u00f3n <span class=\"__1 _c8\"> </span>co<span class=\"__1 _6\"></span>mo <span class=\"__1 _c8\"> </span>subp<span class=\"__1 _6\"></span>roducto <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>las<span class=\"__1 _6\"></span> </span></span>cenizas <span class=\"__1 _c9\"> </span>de <span class=\"__1 _c9\"> </span>Huelva <span class=\"__1 _c9\"> </span>como <span class=\"__1 _cb\"> </span>s<span class=\"__1 _6\"></span>ustitu<span class=\"__1 _6\"></span>yente <span class=\"__1 _c9\"> </span>de <span class=\"__1 _cb\"> </span>la <span class=\"__1 _c9\"> </span>pas<span class=\"__1 _6\"></span>ta <span class=\"__1 _c9\"> </span>de <span class=\"__1 _c9\"> </span>relleno <span class=\"__1 _cb\"> </span>u<span class=\"__1 _8\"></span>sada <span class=\"__1 _c9\"> </span>en <span class=\"__1 _c9\"> </span>explotaciones <span class=\"__1 _c9\"> </span>mineras subterr\u00e1neas. <span class=\"__1 _6\"></span>En el \u00faltimo tri<span class=\"__1 _6\"></span>mestre del a\u00f1o s<span class=\"__1 _6\"></span>e ha recibido <span class=\"__1 _6\"></span>la propuesta<span class=\"__1 _6\"></span> de resoluci\u00f3n favora<span class=\"__1 _6\"></span>ble de la Junta <span class=\"__1 _5\"></span>de <span class=\"__1 _5\"></span>Andaluc\u00eda. Se <span class=\"__1 _70\"></span>trata <span class=\"__1 _70\"></span>de un <span class=\"__1 _70\"></span>logro conjunto <span class=\"__1 _70\"></span>y compart<span class=\"__1 _5\"></span>ido <span class=\"__1 _5\"></span>al <span class=\"__1 _70\"></span>ser un <span class=\"__1 _70\"></span>claro ejem<span class=\"__1 _5\"></span>plo <span class=\"__1 _5\"></span>de <span class=\"__1 _5\"></span>colaboraci\u00f3n con <span class=\"__1 _4\"></span>otras <span class=\"__1 _4\"></span>empresas <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>materia <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>econom\u00eda <span class=\"__1 _4\"></span>circular, <span class=\"__1 _4\"></span>donde <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>valoriza <span class=\"__1 _4\"></span>un <span class=\"__1 _8\"></span>residu<span class=\"__1 _6\"></span>o, <span class=\"__1 _4\"></span>se <span class=\"__1 _8\"></span>reducen <span class=\"__1 _4\"></span>los costes <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>gesti\u00f3n <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>sustituye <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>u<span class=\"__1 _6\"></span>na <span class=\"__1 _4\"></span>materia <span class=\"__1 _4\"></span>prima, <span class=\"__1 _4\"></span>por <span class=\"__1 _4\"></span>lo <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>evita <span class=\"__1 _4\"></span>una <span class=\"__1 _4\"></span>degradaci\u00f3n <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>medio natural y s<span class=\"__1 _6\"></span>e reducen emisiones de CO2.<span class=\"__1 _6\"></span> \u2713<span class=\"ff2_1\"> <span class=\"__1 _58\"> </span><span class=\"ff4 fc0_1\">Se <span class=\"__1 _c8\"></span>ha <span class=\"__1 _c8\"></span>continuado <span class=\"__1 _c8\"></span>colaborando <span class=\"__1 _c8\"></span>con <span class=\"__1 _c8\"></span>diferentes<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>asociaciones <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"></span>otros <span class=\"__1 _4\"></span>sectores <span class=\"__1 _c8\"> </span>como <span class=\"__1 _c8\"></span>fabricantes <span class=\"__1 _c8\"> </span>de </span></span>\u00e1ridos, <span class=\"__1 _150\"> </span>as<span class=\"__1 _6\"></span>faltos,  cementeras, <span class=\"__1 _cb\"> </span>miner\u00eda,  etc.,  p<span class=\"__1 _6\"></span>ara  po<span class=\"__1 _6\"></span>ner  en <span class=\"__1 _150\"> </span>v<span class=\"__1 _6\"></span>alor  la <span class=\"__1 _cb\"> </span>posible  incorporaci\u00f3n <span class=\"__1 _150\"> </span>d<span class=\"__1 _6\"></span>e  los materiales <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>Ence <span class=\"__1 _c8\"></span>en <span class=\"__1 _4\"></span>distintos <span class=\"__1 _4\"></span>p<span class=\"__1 _6\"></span>rocesos <span class=\"__1 _4\"></span>produ<span class=\"__1 _6\"></span>ctivos, <span class=\"__1 _4\"></span>fomentando <span class=\"__1 _4\"></span>as<span class=\"__1 _6\"></span>\u00ed <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>simbiosis<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>industrial <span class=\"__1 _4\"></span>entre sectores<span class=\"ls17\">. </span> \u2713<span class=\"ff2_1\"> <span class=\"__1 _58\"> </span><span class=\"ff4 fc0_1\">Dentro de <span class=\"__1 _70\"></span>las iniciativas asociadas <span class=\"__1 _5\"></span>a <span class=\"__1 _5\"></span>la <span class=\"__1 _5\"></span>mejora <span class=\"__1 _70\"></span>con<span class=\"__1 _6\"></span>tinua, Ence <span class=\"__1 _70\"></span>sigue apostando por <span class=\"__1 _70\"></span>proyectos<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>I+D+I con </span></span>alto <span class=\"__1 _c8\"></span>potencial <span class=\"__1 _c8\"></span>como <span class=\"__1 _4\"></span>es<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>e<span class=\"__1 _6\"></span>l <span class=\"__1 _c8\"></span>caso <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"></span>una <span class=\"__1 _c8\"></span>planta <span class=\"__1 _c8\"></span>piloto <span class=\"__1 _c8\"></span>para <span class=\"__1 _4\"></span>la <span class=\"__1 _c8\"> </span>creaci\u00f3n <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"></span>tecnosuelos<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>estinados <span class=\"__1 _c8\"></span>a recuperar <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>entorno <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>instalaciones <span class=\"__1 _8\"></span>mineras <span class=\"__1 _6\"></span>gracias<span class=\"__1 _8\"></span> <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>capacid<span class=\"__1 _6\"></span>ad <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>remediaci\u00f3n <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>aportar\u00edan los suelos a<span class=\"__1 _6\"></span>rtificiales creados mayorita<span class=\"__1 _6\"></span>riamente con los r<span class=\"__1 _6\"></span>esiduos de las<span class=\"__1 _6\"></span> plantas de Ence. <span class=\"__1 _6\"></span> \u2713<span class=\"ff2_1\"> <span class=\"__1 _58\"> </span><span class=\"ff4 fc0_1\">Otro <span class=\"__1 _8\"></span>claro <span class=\"__1 _6\"></span>ejemplo <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>cola<span class=\"__1 _6\"></span>boraci\u00f3n <span class=\"__1 _6\"></span>entre <span class=\"__1 _8\"></span>empresas <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>materia <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>sos<span class=\"__1 _6\"></span>tenibilidad <span class=\"__1 _6\"></span>ha <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>ido <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>proyecto </span></span>Phoseco desarrollad<span class=\"__1 _6\"></span>o en 2023<span class=\"__1 _6\"></span>. El objeto h<span class=\"__1 _6\"></span>a sido estu<span class=\"__1 _6\"></span>diar la recuperaci\u00f3n del f\u00f3sforo<span class=\"__1 _6\"></span> contenido en<span class=\"__1 _6\"></span> las cenizas de la combus<span class=\"__1 _6\"></span>ti\u00f3n de biomasa par<span class=\"__1 _6\"></span>a su incorp<span class=\"__1 _6\"></span>oraci\u00f3n en fertilizantes.<span class=\"__1 _6\"></span> \u2713<span class=\"ff2_1\"> <span class=\"__1 _58\"> </span><span class=\"ff4 fc0_1\">Adem\u00e1s, <span class=\"__1 _4\"></span>Ence <span class=\"__1 _4\"></span>ha <span class=\"__1 _4\"></span>colaborado <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>n <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>egunda <span class=\"__1 _4\"></span>fase <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>proyecto <span class=\"__1 _4\"></span>Life <span class=\"__1 _8\"></span>Icirbu<span class=\"__1 _6\"></span>s <span class=\"__1 _4\"></span>4 <span class=\"__1 _4\"></span>Industries <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>cual <span class=\"__1 _4\"></span>se </span></span>eval\u00faan <span class=\"__1 _6\"></span>las accion<span class=\"__1 _6\"></span>es realizadas <span class=\"__1 _6\"></span>en materia <span class=\"__1 _6\"></span>de econom\u00eda <span class=\"__1 _6\"></span>circular. <span class=\"__1 _6\"></span>En <span class=\"__1 _6\"></span>la primera fase <span class=\"__1 _6\"></span>del pro<span class=\"__1 _6\"></span>yecto, con resultados s<span class=\"__1 _6\"></span>atisfactorios, particip\u00f3 la p<span class=\"__1 _6\"></span>lanta de M\u00e9rida apo<span class=\"__1 _6\"></span>rtando las cenizas para los<span class=\"__1 _6\"></span> ensayos.<span class=\"__1 _6\"></span> \u2713<span class=\"ff2_1\"> <span class=\"__1 _58\"> </span><span class=\"ff4 fc0_1\">Contin\u00faa <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>iniciativa<span class=\"__1 _6\"></span>, <span class=\"__1 _8\"></span>puesta <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>marcha <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>2022, <span class=\"__1 _6\"></span>para <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>evoluci\u00f3n <span class=\"__1 _8\"></span>a <span class=\"__1 _6\"></span>origen <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>finos <span class=\"__1 _6\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _6\"></span>llegan </span></span>con <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>biomasa <span class=\"__1 _4\"></span>para <span class=\"__1 _4\"></span>evitar <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>degrad<span class=\"__1 _6\"></span>aci\u00f3n <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>suelo <span class=\"__1 _4\"></span>por <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>explotaci\u00f3n <span class=\"__1 _4\"></span>agr\u00edcola <span class=\"__1 _8\"></span>y <span class=\"__1 _4\"></span>silv\u00edcola. <span class=\"__1 _8\"></span>Con <span class=\"__1 _4\"></span>esta iniciativa <span class=\"__1 _c9\"> </span>se <span class=\"__1 _c9\"> </span>devu<span class=\"__1 _6\"></span>elve <span class=\"__1 _c9\"> </span>un <span class=\"__1 _c9\"> </span>material <span class=\"__1 _c9\"> </span>n<span class=\"__1 _6\"></span>atural <span class=\"__1 _c9\"> </span>con <span class=\"__1 _c9\"> </span>valo<span class=\"__1 _6\"></span>r <span class=\"__1 _c9\"> </span>para <span class=\"__1 _c9\"> </span>la <span class=\"__1 _c9\"> </span>lucha <span class=\"__1 _c9\"> </span>con<span class=\"__1 _6\"></span>tra <span class=\"__1 _c9\"> </span>la <span class=\"__1 _c9\"> </span>desertificaci\u00f3n <span class=\"__1 _c9\"> </span>y<span class=\"__1 _6\"></span> degradaci\u00f3n <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>su<span class=\"__1 _6\"></span>elo. As<span class=\"__1 _6\"></span>\u00ed, en <span class=\"__1 _6\"></span>2023, <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>ha <span class=\"__1 _6\"></span>logrado <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>gran <span class=\"__1 _6\"></span>mayor\u00eda <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>finos <span class=\"__1 _6\"></span>producidos <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>las plantas d<span class=\"__1 _6\"></span>e Puertollano y M\u00e9rida se hay<span class=\"__1 _6\"></span>an gestionado para su dev<span class=\"__1 _6\"></span>oluci\u00f3n a las parcelas a<span class=\"__1 _6\"></span>gr\u00edcolas.<span class=\"__1 _1bc\"> </span>\u2713<span class=\"ff2_1\"> <span class=\"__1 _58\"> </span><span class=\"ff4 fc0_1\">Se <span class=\"__1 _c8\"></span>ha <span class=\"__1 _c8\"></span>obtenido <span class=\"__1 _c8\"></span>la <span class=\"__1 _4\"></span>apro<span class=\"__1 _6\"></span>baci\u00f3n <span class=\"__1 _4\"></span>p<span class=\"__1 _6\"></span>ara <span class=\"__1 _4\"></span>la <span class=\"__1 _c8\"> </span>actividad <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>in<span class=\"__1 _6\"></span>vestigaci\u00f3n, <span class=\"__1 _c8\"></span>desar<span class=\"__1 _6\"></span>rollo <span class=\"__1 _c8\"> </span>o <span class=\"__1 _c8\"></span>experimentaci\u00f3n <span class=\"__1 _c8\"></span>del<span class=\"__1 _1bc\"> </span></span></span>proyecto de prueba <span class=\"__1 _6\"></span>productiva <span class=\"__1 _6\"></span>de valorizaci\u00f3n d<span class=\"__1 _6\"></span>el residuo d<span class=\"__1 _6\"></span>e envases de madera <span class=\"__1 _6\"></span>en las i<span class=\"__1 _6\"></span>nstalacion<span class=\"__1 _6\"></span>es<span class=\"__1 _1bc\"> </span>de la planta d<span class=\"__1 _6\"></span>e M\u00e9rida y Puertollano d<span class=\"__1 _6\"></span>onde se est\u00e1n llev<span class=\"__1 _6\"></span>ando a cabo pru<span class=\"__1 _6\"></span>ebas.<span class=\"__1 _1bc\"> </span>\u2713<span class=\"ff2_1\"> <span class=\"__1 _58\"> </span><span class=\"ff4 fc0_1\">En <span class=\"__1 _ce\"> </span>la <span class=\"__1 _ce\"> </span>p<span class=\"__1 _6\"></span>lanta <span class=\"__1 _ce\"> </span>de <span class=\"__1 _ce\"> </span>Huelva <span class=\"__1 _ce\"> </span>se <span class=\"__1 _ce\"> </span>est\u00e1 <span class=\"__1 _ce\"> </span>llevando <span class=\"__1 _ce\"> </span>a <span class=\"__1 _ce\"> </span>cabo <span class=\"__1 _ce\"> </span>la <span class=\"__1 _ce\"> </span>a<span class=\"__1 _6\"></span>ctividad<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>de <span class=\"__1 _ce\"> </span>investigaci\u00f3n, <span class=\"__1 _ce\"> </span>desarrollo <span class=\"__1 _ce\"> </span>y<span class=\"__1 _1bc\"> </span></span></span>experimentaci\u00f3n <span class=\"__1 _6\"></span>del proyecto <span class=\"__1 _6\"></span>de s<span class=\"__1 _6\"></span>ecado de <span class=\"__1 _6\"></span>OGH (orujo<span class=\"__1 _6\"></span> graso <span class=\"__1 _6\"></span>h\u00famedo) con <span class=\"__1 _6\"></span>un p<span class=\"__1 _6\"></span>lazo de ejecuci\u00f3n <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span>1 a\u00f1o.<span class=\"__1 _1bc\"> </span>Ence mantiene la realizaci\u00f3n de estudios y colaboraciones con entidades especializadas, como por ejemplo<span class=\"__1 _1bc\"> </span>el  Consejo  Superior  de  Investigaciones  Cient\u00edficas  (CSIC),<span class=\"__1 _6\"></span>  para  seguir  explorando  las  aptitudes  de  lo<span class=\"__1 _70\"></span>s<span class=\"__1 _1bc\"> </span>residuos <span class=\"__1 _8\"></span>pro<span class=\"__1 _6\"></span>ducidos <span class=\"__1 _8\"></span>por <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>combusti\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>biomasa <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>Magnon <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>diferentes <span class=\"__1 _8\"></span>ap<span class=\"__1 _6\"></span>licaciones, <span class=\"__1 _8\"></span>como <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>ueden<span class=\"__1 _1bc\"> </span>ser la <span class=\"__1 _70\"></span>generaci\u00f3n de suelos <span class=\"__1 _5\"></span>artificiales<span class=\"__1 _6\"></span> y/o <span class=\"__1 _70\"></span>tecnos<span class=\"__1 _6\"></span>uelos, mejoras de m<span class=\"__1 _5\"></span>ateriales de <span class=\"__1 _70\"></span>con<span class=\"__1 _6\"></span>strucci\u00f3n<span class=\"__1 _6\"></span> y <span class=\"__1 _70\"></span>ad<span class=\"__1 _6\"></span>itivos de<span class=\"__1 _1bc\"> </span>resinas, entre otro<span class=\"__1 _6\"></span>s.<span class=\"__1 _1bc\"> </span>En <span class=\"__1 _4\"></span>cuanto <span class=\"__1 _4\"></span>al <span class=\"__1 _c8\"></span>desempe\u00f1o <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>econom\u00eda <span class=\"__1 _4\"></span>circu<span class=\"__1 _6\"></span>lar, <span class=\"__1 _4\"></span>desde <span class=\"__1 _4\"></span>202<span class=\"__1 _6\"></span>2 <span class=\"__1 _4\"></span>Ence <span class=\"__1 _4\"></span>mantiene <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>c<span class=\"__1 _6\"></span>ertificaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>todas <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>us<span class=\"__1 _1bc\"> </span>plantas con el sello Residuo Cero de AENOR, que reconoce a aquellas instalaciones refe<span class=\"__1 _6\"></span>rentes<span class=\"__1 _6\"></span> en la ge<span class=\"__1 _5\"></span>sti\u00f3n<span class=\"__1 _1bc\"> </span>y valorizaci\u00f3n d<span class=\"__1 _6\"></span>e residuos que recuperan al menos el 90<span class=\"__1 _6\"></span>% de sus res<span class=\"__1 _6\"></span>iduos. Adicionalmente, <span class=\"__1 _c8\"> </span>se <span class=\"__1 _c6\"> </span>est\u00e1 <span class=\"__1 _c8\"> </span>trabajan<span class=\"__1 _6\"></span>do <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c8\"> </span>alinear <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c6\"> </span>estrategia <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>empres<span class=\"__1 _6\"></span>a <span class=\"__1 _c8\"> </span>con <span class=\"__1 _c8\"> </span>el <span class=\"__1 _ca\"> </span> <span class=\"fs1_1\">Modelo <span class=\"__1 _c8\"> </span>de <span class=\"__1 _4\"></span>Gesti\u00f3n <span class=\"__1 _c8\"> </span>de <span class=\"__1 _4\"> </span>la<span class=\"__1 _1bc\"> </span></span>Estrategia de Econom\u00eda Circular<span class=\"fs4\"> <span class=\"ff6\">de AENOR para <span class=\"__1 _6\"></span>lograr la certificaci\u00f3n de AE<span class=\"__1 _6\"></span>NOR \u201cEstrategia 100% c<span class=\"__1 _6\"></span>ircular\u201d.<span class=\"__1 _1bc\"> </span></span></span>Centro de Oper<span class=\"__1 _6\"></span>aciones de Huelva<span class=\"__1 _1bc\"> </span>El centro de operaciones de <span class=\"__1 _5\"></span>Huelva es un exponente en la producci\u00f3n de energ\u00eda re<span class=\"__1 _5\"></span>novable con biomasa al<span class=\"__1 _1bc\"> </span>albergar dos d<span class=\"__1 _6\"></span>e los principale<span class=\"__1 _6\"></span>s centros de gen<span class=\"__1 _6\"></span>eraci\u00f3n de <span class=\"__1 _6\"></span>energ\u00eda con las<span class=\"__1 _6\"></span> plantas d<span class=\"__1 _6\"></span>e HU41, H<span class=\"__1 _6\"></span>U50 y la n<span class=\"__1 _6\"></span>ueva<span class=\"__1 _1bc\"> </span>planta HU46.   En materia <span class=\"__1 _6\"></span>ambiental, <span class=\"__1 _6\"></span>todos<span class=\"__1 _6\"></span> los <span class=\"__1 _6\"></span>par\u00e1metros <span class=\"__1 _6\"></span>de v<span class=\"__1 _6\"></span>ertido de<span class=\"__1 _6\"></span> l<span class=\"__1 _6\"></span>a ins<span class=\"__1 _8\"></span>talaci\u00f3n <span class=\"__1 _6\"></span>durante <span class=\"__1 _6\"></span>este a\u00f1o,<span class=\"__1 _6\"></span> tanto <span class=\"__1 _6\"></span>el cau<span class=\"__1 _6\"></span>dal,<span class=\"__1 _1bc\"> </span>como <span class=\"__1 _c8\"> </span>los<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>principa<span class=\"__1 _6\"></span>les <span class=\"__1 _c8\"> </span>ind<span class=\"__1 _6\"></span>icadores <span class=\"__1 _c6\"> </span>que <span class=\"__1 _c6\"> </span>caracterizan <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c8\"> </span>ca<span class=\"__1 _6\"></span>lidad <span class=\"__1 _c6\"> </span>del <span class=\"__1 _c6\"> </span>efluente, <span class=\"__1 _c8\"> </span>as<span class=\"__1 _6\"></span>\u00ed <span class=\"__1 _c8\"> </span>como <span class=\"__1 _c6\"> </span>los<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>par\u00e1metros<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>de<span class=\"__1 _1bc\"> </span>calidad del aire, se man<span class=\"__1 _6\"></span>tienen por d<span class=\"__1 _6\"></span>ebajo de los l\u00edmites establecidos<span class=\"__1 _6\"></span> en la AAI. Se <span class=\"__1 _8\"></span>han <span class=\"__1 _4\"></span>continuado <span class=\"__1 _8\"></span>los <span class=\"__1 _4\"></span>proyectos <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>mejora <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _4\"></span>\u00e1mbito <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>las <span class=\"__1 _4\"></span>emisiones <span class=\"__1 _8\"></span>ac\u00fasticas <span class=\"__1 _4\"></span>para <span class=\"__1 _8\"></span>lo <span class=\"__1 _8\"></span>que <span class=\"__1 _4\"></span>se <span class=\"__1 _8\"></span>sigue<span class=\"__1 _1bc\"> </span>desarrollando y<span class=\"__1 _6\"></span> ejecutando planes d<span class=\"__1 _6\"></span>e acci\u00f3n para reducir las<span class=\"__1 _6\"></span> emisiones ac\u00fasticas<span class=\"__1 _6\"></span>. Centro de Oper<span class=\"__1 _6\"></span>aciones de M\u00e9rida<span class=\"__1 _1bc\"> </span>Durante el <span class=\"__1 _6\"></span>2023 <span class=\"__1 _6\"></span>M\u00e9rida mant<span class=\"__1 _6\"></span>iene sus<span class=\"__1 _6\"></span> niveles <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>cumplimie<span class=\"__1 _6\"></span>nto <span class=\"__1 _6\"></span>ambiental en <span class=\"__1 _6\"></span>cuanto <span class=\"__1 _6\"></span>a n<span class=\"__1 _6\"></span>iveles de la <span class=\"__1 _6\"></span>AAI as<span class=\"__1 _6\"></span>\u00ed<span class=\"__1 _1bc\"> </span>como de los objetiv<span class=\"__1 _6\"></span>os de compa\u00f1\u00eda es<span class=\"__1 _6\"></span>tablecidos para <span class=\"__1 _6\"></span>2023, como la reducci\u00f3n en el cons<span class=\"__1 _6\"></span>umo de agua.<span class=\"__1 _1bc\"> </span>Centro de Oper<span class=\"__1 _6\"></span>aciones de Enemansa Durante 2023 <span class=\"__1 _6\"></span>la ins<span class=\"__1 _6\"></span>talaci\u00f3n <span class=\"__1 _6\"></span>no <span class=\"__1 _6\"></span>ha <span class=\"__1 _6\"></span>tenido activ<span class=\"__1 _6\"></span>idad, <span class=\"__1 _6\"></span>no <span class=\"__1 _6\"></span>obstante, <span class=\"__1 _6\"></span>se h<span class=\"__1 _6\"></span>an manten<span class=\"__1 _6\"></span>ido el <span class=\"__1 _6\"></span>cumplimiento <span class=\"__1 _6\"></span>de los<span class=\"__1 _1bc\"> </span>par\u00e1metros ambientales d<span class=\"__1 _6\"></span>e aplicaci\u00f3n.<span class=\"__1 _1bc\"> </span>La  planta <span class=\"__1 _c6\"> </span>s<span class=\"__1 _6\"></span>e  encuentra <span class=\"__1 _c6\"> </span>ad<span class=\"__1 _6\"></span>aptada  a  la<span class=\"__1 _5\"></span>s  Mejores <span class=\"__1 _c6\"> </span>T\u00e9cnicas  Disponibles  de  la<span class=\"__1 _5\"></span>s  Grandes <span class=\"__1 _c6\"> </span>In<span class=\"__1 _6\"></span>stalaciones  de<span class=\"__1 _1bc\"> </span>Combusti\u00f3n destacand<span class=\"__1 _6\"></span>o su <span class=\"__1 _5\"></span>avanzado sistema de depuraci\u00f3n de emisiones de NOX denominado Sistema de<span class=\"__1 _1bc\"> </span>Reducci\u00f3n Catal\u00edtica. Centro de Oper<span class=\"__1 _6\"></span>aciones de La Loma<span class=\"__1 _1bc\"> </span>Durante 2023 se han<span class=\"__1 _6\"></span> mantenido lo<span class=\"__1 _6\"></span>s cumplimientos de los<span class=\"__1 _6\"></span> par\u00e1metros ambientales establ<span class=\"__1 _6\"></span>ecidos.  En <span class=\"__1 _4\"></span>relaci\u00f3n <span class=\"__1 _8\"></span>a <span class=\"__1 _4\"></span>las <span class=\"__1 _8\"></span>emisiones, <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>sens<span class=\"__1 _6\"></span>ibilizada <span class=\"__1 _4\"></span>con <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>situaci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>calidad <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _4\"></span>aire <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>municipio <span class=\"__1 _4\"></span>pr\u00f3ximo <span class=\"__1 _8\"></span>de<span class=\"__1 _1bc\"> </span>Villanueva  del  Arzob<span class=\"__1 _6\"></span>ispo,  la  planta  mantiene  unos <span class=\"__1 _150\"> </span>resultados<span class=\"__1 _6\"></span>  excelentes  en  la  emisi\u00f3n  d<span class=\"__1 _6\"></span>e  part\u00edculas<span class=\"__1 _1bc\"> </span>provenientes  de <span class=\"__1 _c6\"> </span>la  caldera <span class=\"__1 _c6\"> </span>de  biomasa. <span class=\"__1 _ca\"> </span>Destacan  la <span class=\"__1 _c6\"> </span>mejo<span class=\"__1 _6\"></span>ra <span class=\"__1 _ca\"> </span>en <span class=\"__1 _c6\"> </span>to<span class=\"__1 _6\"></span>dos  los <span class=\"__1 _c6\"> </span>par\u00e1metros<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>amb<span class=\"__1 _6\"></span>ientales <span class=\"__1 _ca\"> </span>de<span class=\"__1 _1bc\"> </span>emisiones, vertidos y<span class=\"__1 _6\"></span> gesti\u00f3n<span class=\"__1 _6\"></span> de residuos. Al igual <span class=\"__1 _6\"></span>que la <span class=\"__1 _6\"></span>planta <span class=\"__1 _6\"></span>de E<span class=\"__1 _6\"></span>nemansa,<span class=\"__1 _6\"></span> La <span class=\"__1 _6\"></span>Loma s<span class=\"__1 _6\"></span>e encuentra<span class=\"__1 _6\"></span> adap<span class=\"__1 _6\"></span>tada <span class=\"__1 _6\"></span>a las <span class=\"__1 _6\"></span>Mejores <span class=\"__1 _6\"></span>T\u00e9cnicas <span class=\"__1 _6\"></span>Disponibles <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span>Grandes Instalaciones <span class=\"__1 _70\"></span>de Combusti\u00f3n <span class=\"__1 _70\"></span>destacan<span class=\"__1 _6\"></span>do <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>u <span class=\"__1 _70\"></span>avanzado sistema <span class=\"__1 _70\"></span>de depuraci\u00f3n <span class=\"__1 _70\"></span>de e<span class=\"__1 _5\"></span>misiones de <span class=\"__1 _70\"></span>NOX<span class=\"__1 _1bc\"> </span>por Reducci\u00f3n Catal\u00edtica.<span class=\"__1 _1bc\"> </span>Centro de Op<span class=\"__1 _6\"></span>eraciones de Lucen<span class=\"__1 _6\"></span>a En 2023 se ha p<span class=\"__1 _6\"></span>rocedido a la modificaci\u00f3n d<span class=\"__1 _6\"></span>e los punto<span class=\"__1 _6\"></span>s de vertido. En la plan<span class=\"__1 _6\"></span>ta, se produce cumplimiento de los par<span class=\"__1 _6\"></span>\u00e1metros ambientales<span class=\"__1 _6\"></span> establecidos en la AAI.<span class=\"__1 _1bc\"> </span>Centro de Oper<span class=\"__1 _6\"></span>aciones de Biollano (Puertollano). En <span class=\"__1 _8\"></span>materia <span class=\"__1 _6\"></span>ambi<span class=\"__1 _6\"></span>ental, <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>2023 <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>trabajo <span class=\"__1 _8\"></span>ha <span class=\"__1 _8\"></span>continuado <span class=\"__1 _8\"></span>centrad<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>reducci\u00f3n <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>mantenimiento <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la<span class=\"__1 _1bc\"> </span>mejora <span class=\"__1 _cb\"> </span>en  e<span class=\"__1 _6\"></span>misiones <span class=\"__1 _cb\"> </span>a  la <span class=\"__1 _cb\"> </span>atm\u00f3s<span class=\"__1 _6\"></span>fera.  S<span class=\"__1 _6\"></span>e <span class=\"__1 _150\"> </span>ha <span class=\"__1 _cb\"> </span>manten<span class=\"__1 _6\"></span>ido <span class=\"__1 _cb\"> </span>la <span class=\"__1 _150\"> </span>certi<span class=\"__1 _6\"></span>ficaci\u00f3n <span class=\"__1 _150\"> </span>de<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>resid<span class=\"__1 _6\"></span>uo <span class=\"__1 _cb\"> </span>Cero  p<span class=\"__1 _6\"></span>or <span class=\"__1 _150\"> </span>AE<span class=\"__1 _6\"></span>NOR<span class=\"__1 _1bc\"> </span>garantizando q<span class=\"__1 _6\"></span>ue el m\u00e1ximo de nu<span class=\"__1 _6\"></span>estros residuos s<span class=\"__1 _6\"></span>e valoriza. Se <span class=\"__1 _cb\"> </span>ha <span class=\"__1 _cb\"> </span>mantenido <span class=\"__1 _cb\"> </span>asimismo <span class=\"__1 _cb\"> </span>el <span class=\"__1 _cb\"> </span>Sistema <span class=\"__1 _cb\"> </span>de <span class=\"__1 _cb\"> </span>Gesti\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>Medio <span class=\"__1 _cb\"> </span>Ambiental <span class=\"__1 _cb\"> </span>como <span class=\"__1 _cb\"> </span>herramien<span class=\"__1 _6\"></span>ta <span class=\"__1 _cb\"> </span>clave <span class=\"__1 _cb\"> </span>de <span class=\"__1 _150\"> </span>la<span class=\"__1 _1bc\"> </span>instalaci\u00f3n, destacando las f<span class=\"__1 _5\"></span>ormaciones y <span class=\"__1 _70\"></span>acciones<span class=\"__1 _6\"></span> de <span class=\"__1 _70\"></span>sens<span class=\"__1 _6\"></span>ibilizaci\u00f3n ambiental <span class=\"__1 _5\"></span>llevadas a cabo <span class=\"__1 _70\"></span>en la planta<span class=\"__1 _1bc\"> </span>tanto para <span class=\"__1 _6\"></span>personal propio de Ence como para <span class=\"__1 _6\"></span>subcontra<span class=\"__1 _6\"></span>tas.<span class=\"__1 _1bc\"> </span>Cabe <span class=\"__1 _5\"></span>destacar tambi\u00e9n <span class=\"__1 _70\"></span>todo el <span class=\"__1 _70\"></span>trabajo realizado <span class=\"__1 _70\"></span>en la <span class=\"__1 _70\"></span>plan<span class=\"__1 _6\"></span>ta <span class=\"__1 _70\"></span>de Biollano <span class=\"__1 _70\"></span>para la <span class=\"__1 _70\"></span>implan<span class=\"__1 _6\"></span>taci\u00f3n y <span class=\"__1 _70\"></span>optimizaci\u00f3n<span class=\"__1 _1bc\"> </span>de herramientas d<span class=\"__1 _6\"></span>e gesti\u00f3n ambiental como las<span class=\"__1 _6\"></span> observaciones p<span class=\"__1 _6\"></span>reventivas d<span class=\"__1 _6\"></span>e medio ambiente.<span class=\"__1 _6\"></span> <div class=\"c_1 w2_1 h58 gs1f0\"><div class=\"t_1 m0_1 x59 h8_1 y1ef ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x59 h8_1 y4ed ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x142 h3_1 y13ec ff2_1 fs1_1 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x142 h3_1 y13ed ff2_1 fs1_1 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x142 h3_1 y13ee ff2_1 fs1_1 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x142 h3_1 y13ef ff2_1 fs1_1 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x17e h5b yb0a ff7 fs14 fc0_1 sc0_1 ls0_1 ws0_1\">Anex<span class=\"__1 _70\"></span>o II \u2013 Estados financieros por Negocios<span class=\"ff3_1\"> </span></div><div class=\"t_1 m0_1 x142 h3_1 y332 ff2_1 fs1_1 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x17e h5b y13f0 ff3_1 fs14 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x142 h3_1 y10c0 ff2_1 fs1_1 fc0_1 sc0_1 ls0_1 ws0_1\"> </div></div>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es <span class=\"__1 _6\"></span>de E<span class=\"__1 _70\"></span>u<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>os<span class=\"__1 _a1\"> </span><span class=\"ff3_1\">Negocio Celulos<span class=\"__1 _5\"></span>a<span class=\"__1 _1bc\"> </span></span>Ne<span class=\"__1 _6\"></span>goci<span class=\"__1 _5\"></span>o<span class=\"__1 _1bc\"> </span>Renova<span class=\"__1 _5\"></span>bles (*)<span class=\"__1 _1bc\"> </span>Ajustes y<span class=\"__1 _1bc\"> </span>El<span class=\"__1 _5\"></span>iminac<span class=\"__1 _70\"></span>iones<span class=\"__1 _1bc\"> </span>TOT<span class=\"__1 _70\"></span>A<span class=\"__1 _6\"></span>L C<span class=\"__1 _6\"></span>ON<span class=\"__1 _6\"></span>SOL<span class=\"__1 _6\"></span>ID<span class=\"__1 _5\"></span>ADO<span class=\"__1 _20\"> </span>Ne<span class=\"__1 _6\"></span>goci<span class=\"__1 _5\"></span>o Ce<span class=\"__1 _6\"></span>lulos<span class=\"__1 _5\"></span>a<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _6\"></span>goci<span class=\"__1 _5\"></span>o<span class=\"__1 _1bc\"> </span>Renova<span class=\"__1 _5\"></span>bles (*)<span class=\"__1 _1bc\"> </span>Ajustes y<span class=\"__1 _1bc\"> </span>El<span class=\"__1 _5\"></span>iminac<span class=\"__1 _70\"></span>iones<span class=\"__1 _1bc\"> </span>TOT<span class=\"__1 _70\"></span>A<span class=\"__1 _6\"></span>L C<span class=\"__1 _6\"></span>ON<span class=\"__1 _6\"></span>SOL<span class=\"__1 _6\"></span>ID<span class=\"__1 _5\"></span>ADO<span class=\"__1 _1bc\"> </span>ACTI<span class=\"__1 _70\"></span>V<span class=\"__1 _6\"></span>O N<span class=\"__1 _6\"></span>O C<span class=\"__1 _6\"></span>ORRI<span class=\"__1 _70\"></span>ENTE<span class=\"__1 _5\"></span>:<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vo i<span class=\"__1 _8\"></span>nta<span class=\"__1 _6\"></span>ngi<span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _1a5\"> </span>  17<span class=\"__1 _6\"></span>.65<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>   <span class=\"__1 _41\"> </span>  3<span class=\"__1 _6\"></span>3.74<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>   <span class=\"__1 _5c\"> </span><span class=\"lsbc\">             (12<span class=\"__1 _6\"></span>.13<span class=\"__1 _6\"></span>5)   <span class=\"__1 _74\"> </span></span>  3<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>.26<span class=\"__1 _6\"></span>6   <span class=\"__1 _1a6\"> </span>  15<span class=\"__1 _6\"></span>.61<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>   <span class=\"__1 _41\"> </span>  3<span class=\"__1 _6\"></span>5.00<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>   <span class=\"__1 _5c\"> </span><span class=\"lsbc\">             (12<span class=\"__1 _6\"></span>.71<span class=\"__1 _6\"></span>1)   <span class=\"__1 _74\"> </span></span>  3<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.90<span class=\"__1 _6\"></span>6  Pr<span class=\"__1 _6\"></span>opi<span class=\"__1 _8\"></span>eda<span class=\"__1 _6\"></span>d, pl<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>nta<span class=\"__1 _6\"></span> y equi<span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>o<span class=\"__1 _1a7\"> </span>  61<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.49<span class=\"__1 _6\"></span>0   <span class=\"__1 _103\"> </span>  3<span class=\"__1 _6\"></span>78<span class=\"__1 _6\"></span>.97<span class=\"__1 _6\"></span>7 <span class=\"__1 _6\"></span>  <span class=\"__1 _c5\"> </span><span class=\"lsbc\">               (7.46<span class=\"__1 _6\"></span>8)   <span class=\"__1 _ee\"> </span></span>  9<span class=\"__1 _6\"></span>88<span class=\"__1 _6\"></span>.99<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>   <span class=\"__1 _f\"> </span>  603<span class=\"__1 _6\"></span>.37<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>   <span class=\"__1 _fb\"> </span>  3<span class=\"__1 _6\"></span>89<span class=\"__1 _6\"></span>.02<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>   <span class=\"__1 _c5\"> </span><span class=\"lsbc\">               (8.51<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>)   <span class=\"__1 _fd\"> </span></span>  9<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>3.87<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>  A<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vos<span class=\"__1 _8\"></span> bi<span class=\"__1 _8\"></span>ol<span class=\"__1 _6\"></span>\u00f3<span class=\"__1 _6\"></span>gi<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>os<span class=\"__1 _1a8\"> </span>  66<span class=\"__1 _6\"></span>.90<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>   <span class=\"__1 _74\"> </span>  2<span class=\"__1 _6\"></span>04<span class=\"__1 _6\"></span>   <span class=\"__1 _5c\"> </span><span class=\"lsbc\">                           -   <span class=\"__1 _74\"> </span></span>  6<span class=\"__1 _6\"></span>7.1<span class=\"__1 _6\"></span>11<span class=\"__1 _6\"></span>   <span class=\"__1 _2c\"> </span>  6<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.37<span class=\"__1 _6\"></span>5  <span class=\"__1 _6\"></span> <span class=\"__1 _74\"> </span>  1<span class=\"__1 _6\"></span>56<span class=\"__1 _6\"></span>   <span class=\"__1 _5c\"> </span><span class=\"lsbc\">                           -   <span class=\"__1 _74\"> </span></span>  6<span class=\"__1 _6\"></span>0.53<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>  A<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vos<span class=\"__1 _8\"></span> fi<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>eros<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span> l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>go pl<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>zo-<span class=\"__1 _1bc\"> </span>Ca<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>te<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span> de val<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span>es  11<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.96<span class=\"__1 _6\"></span>3   <span class=\"__1 _5c\"> </span><span class=\"lsbc\">                           -   <span class=\"__1 _c4\"> </span>          (1<span class=\"__1 _6\"></span>13<span class=\"__1 _6\"></span>.96<span class=\"__1 _6\"></span>3)   <span class=\"__1 _c4\"> </span>                                -   <span class=\"__1 _f\"> </span></span>  112<span class=\"__1 _6\"></span>.52<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>   <span class=\"__1 _5c\"> </span><span class=\"lsbc\">                           -   <span class=\"__1 _c4\"> </span>          (11<span class=\"__1 _6\"></span>2.52<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>)   <span class=\"__1 _c4\"> </span>                                -  </span>I<span class=\"__1 _6\"></span>nvers<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>nes<span class=\"__1 _6\"></span> c<span class=\"__1 _6\"></span>onta<span class=\"__1 _6\"></span>bi<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>za<span class=\"__1 _6\"></span>da<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> po<span class=\"__1 _6\"></span>r <span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span> m<span class=\"__1 _5\"></span>\u00e9t<span class=\"__1 _70\"></span>od<span class=\"__1 _6\"></span>o de l<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span> pa<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>pa<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n  33<span class=\"__1 _6\"></span>   <span class=\"__1 _9e\"> </span> <span class=\"__1 _6\"></span> 1   <span class=\"__1 _5c\"> </span><span class=\"lsbc\">                           -   <span class=\"__1 _85\"> </span></span>  3<span class=\"__1 _6\"></span>4   <span class=\"__1 _52\"> </span>  3<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>   <span class=\"__1 _9e\"> </span>  1<span class=\"__1 _6\"></span>   <span class=\"__1 _5c\"> </span><span class=\"lsbc\">                           -   <span class=\"__1 _85\"> </span></span>  40<span class=\"__1 _6\"></span>  Cr\u00e9di<span class=\"__1 _8\"></span>tos<span class=\"__1 _6\"></span> a<span class=\"__1 _6\"></span> em<span class=\"__1 _5\"></span>pr<span class=\"__1 _6\"></span>esa<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> del<span class=\"__1 _6\"></span> gr<span class=\"__1 _6\"></span>upo<span class=\"__1 _6\"></span> y a<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>oc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>da<span class=\"__1 _6\"></span>s  22<span class=\"__1 _6\"></span>.27<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>   <span class=\"__1 _139\"> </span><span class=\"lsbc\">             (22.27<span class=\"__1 _6\"></span>0)   <span class=\"__1 _c4\"> </span>                                -   <span class=\"__1 _2c\"> </span></span>  1<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.575<span class=\"__1 _6\"></span>   <span class=\"__1 _5c\"> </span><span class=\"lsbc\">                           -   <span class=\"__1 _5c\"> </span>             (18<span class=\"__1 _6\"></span>.57<span class=\"__1 _6\"></span>5)   <span class=\"__1 _c4\"> </span>                                -  </span>De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>dos<span class=\"__1 _8\"></span> de cob<span class=\"__1 _6\"></span>ertura<span class=\"__1 _6\"></span> <span class=\"__1 _1a9\"> </span><span class=\"lsbc\">                           -   <span class=\"__1 _23\"> </span></span>  1<span class=\"__1 _6\"></span>.31<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>   <span class=\"__1 _5c\"> </span><span class=\"lsbc\">                           -   <span class=\"__1 _1b\"> </span></span>  1.31<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>   <span class=\"__1 _153\"> </span><span class=\"lsbc\">                           -   <span class=\"__1 _29\"> </span></span>  3<span class=\"__1 _6\"></span>.33<span class=\"__1 _6\"></span>1   <span class=\"__1 _5c\"> </span><span class=\"lsbc\">                           -   <span class=\"__1 _1b\"> </span></span>  3<span class=\"__1 _6\"></span>.33<span class=\"__1 _6\"></span>1  Otra<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>nvers<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>nes<span class=\"__1 _6\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>era<span class=\"__1 _6\"></span>s<span class=\"__1 _ac\"> </span>  27<span class=\"__1 _6\"></span>.68<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>   <span class=\"__1 _41\"> </span>  3<span class=\"__1 _6\"></span>3.59<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>   <span class=\"__1 _5c\"> </span><span class=\"lsbc\">                           -   <span class=\"__1 _74\"> </span></span>  61<span class=\"__1 _6\"></span>.27<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>   <span class=\"__1 _2c\"> </span>  2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.753<span class=\"__1 _6\"></span>   <span class=\"__1 _41\"> </span>  1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.06<span class=\"__1 _6\"></span>3   <span class=\"__1 _5c\"> </span><span class=\"lsbc\">                           -   <span class=\"__1 _74\"> </span></span>  3<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.816<span class=\"__1 _6\"></span>  A<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vos<span class=\"__1 _8\"></span> por<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>mpue<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>tos<span class=\"__1 _6\"></span> di<span class=\"__1 _8\"></span>feri<span class=\"__1 _8\"></span>dos<span class=\"__1 _199\"> </span>  3<span class=\"__1 _6\"></span>7.99<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>   <span class=\"__1 _41\"> </span>  2<span class=\"__1 _6\"></span>6.9<span class=\"__1 _6\"></span>63<span class=\"__1 _6\"></span>   <span class=\"__1 _29\"> </span>  3<span class=\"__1 _6\"></span>.04<span class=\"__1 _6\"></span>5  <span class=\"__1 _6\"></span> <span class=\"__1 _74\"> </span>  67<span class=\"__1 _6\"></span>.99<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>   <span class=\"__1 _2c\"> </span>  3<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.432<span class=\"__1 _6\"></span>   <span class=\"__1 _41\"> </span>  1<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>.36<span class=\"__1 _6\"></span>7   <span class=\"__1 _29\"> </span>  3<span class=\"__1 _6\"></span>.19<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>   <span class=\"__1 _74\"> </span>  5<span class=\"__1 _6\"></span>2.9<span class=\"__1 _6\"></span>89<span class=\"__1 _6\"></span>    90<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.994<span class=\"__1 _6\"></span>   <span class=\"__1 _fb\"> </span>  <span class=\"__1 _6\"></span>47<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>.789<span class=\"__1 _6\"></span>   <span class=\"__1 _c4\"> </span><span class=\"lsbc\">          (15<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>79<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>)   <span class=\"__1 _19a\"> </span><span class=\"ls0_1\">  1<span class=\"__1 _6\"></span>.225<span class=\"__1 _6\"></span>.99<span class=\"__1 _6\"></span>2   <span class=\"__1 _f\"> </span>  86<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.691<span class=\"__1 _6\"></span>   <span class=\"__1 _fb\"> </span>  4<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>93<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>   <span class=\"__1 _c4\"> </span><span class=\"lsbc\">          (1<span class=\"__1 _6\"></span>49<span class=\"__1 _6\"></span>.140<span class=\"__1 _6\"></span>)   <span class=\"__1 _19a\"> </span></span>  1<span class=\"__1 _6\"></span>.171<span class=\"__1 _6\"></span>.48<span class=\"__1 _6\"></span>9  </span></span>ACTI<span class=\"__1 _70\"></span>V<span class=\"__1 _6\"></span>O CO<span class=\"__1 _6\"></span>RR<span class=\"__1 _5\"></span>IE<span class=\"__1 _70\"></span>N<span class=\"__1 _6\"></span>TE<span class=\"__1 _5\"></span>:<span class=\"__1 _1bc\"> </span>Exi<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>te<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _1aa\"> </span>  54<span class=\"__1 _6\"></span>.83<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>   <span class=\"__1 _41\"> </span>  1<span class=\"__1 _6\"></span>7.27<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>   <span class=\"__1 _5c\"> </span><span class=\"lsbc\">                           -   <span class=\"__1 _74\"> </span></span>  72<span class=\"__1 _6\"></span>.10<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>   <span class=\"__1 _2c\"> </span>  8<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.486<span class=\"__1 _6\"></span>   <span class=\"__1 _41\"> </span>  2<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.86<span class=\"__1 _6\"></span>0   <span class=\"__1 _5c\"> </span><span class=\"lsbc\">                           -   <span class=\"__1 _ee\"> </span></span>  10<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.34<span class=\"__1 _6\"></span>6  De<span class=\"__1 _5\"></span>udor<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span> c<span class=\"__1 _6\"></span>ome<span class=\"__1 _5\"></span>rc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es <span class=\"__1 _6\"></span>y otra<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> c<span class=\"__1 _6\"></span>uentas<span class=\"__1 _8\"></span> a<span class=\"__1 _6\"></span> c<span class=\"__1 _6\"></span>obr<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>r<span class=\"__1 _a7\"> </span>  33.40<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>   <span class=\"__1 _29\"> </span>  5<span class=\"__1 _6\"></span>.30<span class=\"__1 _6\"></span>8   <span class=\"__1 _c5\"> </span><span class=\"lsbc\">               (1<span class=\"__1 _6\"></span>.97<span class=\"__1 _6\"></span>2)   <span class=\"__1 _74\"> </span></span>  3<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.742<span class=\"__1 _6\"></span>   <span class=\"__1 _2c\"> </span> <span class=\"__1 _6\"></span> 39<span class=\"__1 _6\"></span>.65<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>   <span class=\"__1 _41\"> </span>  39<span class=\"__1 _6\"></span>.18<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>   <span class=\"__1 _5c\"> </span><span class=\"lsbc\">             (29<span class=\"__1 _6\"></span>.21<span class=\"__1 _6\"></span>4)   <span class=\"__1 _74\"> </span></span>  4<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>.623<span class=\"__1 _6\"></span>  A<span class=\"__1 _5\"></span>dmi<span class=\"__1 _6\"></span>ni<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>tr<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> P\u00fab<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> deudor<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _11d\"> </span>  6<span class=\"__1 _6\"></span>.10<span class=\"__1 _6\"></span>7   <span class=\"__1 _29\"> </span>  <span class=\"__1 _6\"></span>2.20<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>   <span class=\"__1 _5c\"> </span><span class=\"lsbc\">                           -   <span class=\"__1 _1b\"> </span></span>  8.31<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>   <span class=\"__1 _2c\"> </span>  1<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>.722<span class=\"__1 _6\"></span>   <span class=\"__1 _29\"> </span>  1<span class=\"__1 _6\"></span>.28<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>   <span class=\"__1 _5c\"> </span><span class=\"lsbc\">                           -   <span class=\"__1 _74\"> </span></span>  21<span class=\"__1 _6\"></span>.01<span class=\"__1 _6\"></span>0 <span class=\"__1 _6\"></span> I<span class=\"__1 _6\"></span>mpuesto s<span class=\"__1 _8\"></span>obr<span class=\"__1 _6\"></span>e be<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>efi<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span>, de<span class=\"__1 _5\"></span>udor  4.8<span class=\"__1 _6\"></span>44<span class=\"__1 _6\"></span>   <span class=\"__1 _41\"> </span>  1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.149<span class=\"__1 _6\"></span>   <span class=\"__1 _5c\"> </span><span class=\"lsbc\">                           -   <span class=\"__1 _74\"> </span></span>  1<span class=\"__1 _6\"></span>4.9<span class=\"__1 _6\"></span>93<span class=\"__1 _6\"></span>   <span class=\"__1 _6f\"> </span> <span class=\"__1 _6\"></span> 6.76<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>   <span class=\"__1 _29\"> </span>  1<span class=\"__1 _6\"></span>.26<span class=\"__1 _6\"></span>7   <span class=\"__1 _5c\"> </span><span class=\"lsbc\">                           -   <span class=\"__1 _1b\"> </span></span>  8<span class=\"__1 _6\"></span>.02<span class=\"__1 _6\"></span>8  A<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vos<span class=\"__1 _8\"></span> fi<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>eros<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span> c<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>to pl<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>zo-    Cr<span class=\"__1 _6\"></span>\u00e9di<span class=\"__1 _6\"></span>tos<span class=\"__1 _6\"></span> a<span class=\"__1 _8\"></span> e<span class=\"__1 _5\"></span>mpres<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> del<span class=\"__1 _6\"></span> grup<span class=\"__1 _6\"></span>o y a<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>oc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>da<span class=\"__1 _8\"></span>s  23<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>   <span class=\"__1 _1b\"> </span>  6<span class=\"__1 _6\"></span>8   <span class=\"__1 _c4\"> </span><span class=\"lsbc\">                  (2<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>6)   <span class=\"__1 _85\"> </span></span>  1<span class=\"__1 _6\"></span>2   <span class=\"__1 _9c\"> </span>  3<span class=\"__1 _6\"></span>89<span class=\"__1 _6\"></span>   <span class=\"__1 _1b\"> </span>  4<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>   <span class=\"__1 _c4\"> </span><span class=\"lsbc\">                  (39<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>)   <span class=\"__1 _85\"> </span></span>  36<span class=\"__1 _6\"></span>  De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>dos<span class=\"__1 _8\"></span> de cob<span class=\"__1 _6\"></span>ertura<span class=\"__1 _30\"> </span>  1.05<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>   <span class=\"__1 _29\"> </span>  1<span class=\"__1 _6\"></span>.719<span class=\"__1 _6\"></span>   <span class=\"__1 _5c\"> </span><span class=\"lsbc\">                           -   <span class=\"__1 _1b\"> </span></span>  2<span class=\"__1 _6\"></span>.775<span class=\"__1 _6\"></span>   <span class=\"__1 _49\"> </span><span class=\"lsbc\">                           -   <span class=\"__1 _23\"> </span></span>  2<span class=\"__1 _6\"></span>.579<span class=\"__1 _6\"></span>   <span class=\"__1 _5c\"> </span><span class=\"lsbc\">                           -   <span class=\"__1 _1b\"> </span></span>  2<span class=\"__1 _6\"></span>.579<span class=\"__1 _6\"></span>  Otra<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>nvers<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>nes<span class=\"__1 _6\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>era<span class=\"__1 _6\"></span>s<span class=\"__1 _17e\"> </span> <span class=\"__1 _6\"></span> 5.13<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>   <span class=\"__1 _1b\"> </span>  2<span class=\"__1 _6\"></span>5  <span class=\"__1 _6\"></span> <span class=\"__1 _51\"> </span><span class=\"lsbc\">                           -   <span class=\"__1 _1b\"> </span></span>  5<span class=\"__1 _6\"></span>.16<span class=\"__1 _6\"></span>3   <span class=\"__1 _1d\"> </span>  9<span class=\"__1 _6\"></span>.870<span class=\"__1 _6\"></span>   <span class=\"__1 _1b\"> </span>  2<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>   <span class=\"__1 _5c\"> </span><span class=\"lsbc\">                           -   <span class=\"__1 _1b\"> </span></span>  9.89<span class=\"__1 _6\"></span>8 <span class=\"__1 _6\"></span> Efe<span class=\"__1 _70\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vo<span class=\"__1 _6\"></span> y otros<span class=\"__1 _8\"></span> a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vo<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> l<span class=\"__1 _8\"></span>\u00edqui<span class=\"__1 _8\"></span>do<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> equi<span class=\"__1 _8\"></span>va<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>ent<span class=\"__1 _70\"></span>es<span class=\"__1 _114\"> </span>  <span class=\"__1 _6\"></span>31<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.227<span class=\"__1 _6\"></span>   <span class=\"__1 _41\"> </span>  2<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.80<span class=\"__1 _6\"></span>5   <span class=\"__1 _5c\"> </span><span class=\"lsbc\">                           -   <span class=\"__1 _ee\"> </span></span>  33<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.03<span class=\"__1 _6\"></span>2  <span class=\"__1 _6\"></span> <span class=\"__1 _1ab\"> </span>  27<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.37<span class=\"__1 _6\"></span>6   <span class=\"__1 _103\"> </span>  13<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>.53<span class=\"__1 _6\"></span>7  <span class=\"__1 _6\"></span> <span class=\"__1 _5c\"> </span><span class=\"lsbc\">                           -   <span class=\"__1 _fd\"> </span></span>  4<span class=\"__1 _6\"></span>12<span class=\"__1 _6\"></span>.91<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>  Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> a<span class=\"__1 _8\"></span>cti<span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>os<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>co<span class=\"__1 _6\"></span>rr<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ent<span class=\"__1 _5\"></span>es<span class=\"__1 _18d\"> </span>  1.184<span class=\"__1 _6\"></span>   <span class=\"__1 _74\"> </span>  <span class=\"__1 _6\"></span>16<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>   <span class=\"__1 _5c\"> </span><span class=\"lsbc\">                           -   <span class=\"__1 _1b\"> </span></span>  1.35<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>   <span class=\"__1 _6f\"> </span>  1<span class=\"__1 _6\"></span>.87<span class=\"__1 _6\"></span>4   <span class=\"__1 _11\"> </span>  40<span class=\"__1 _6\"></span>8 <span class=\"__1 _6\"></span>  <span class=\"__1 _5c\"> </span><span class=\"lsbc\">                           -   <span class=\"__1 _ed\"> </span></span>  <span class=\"__1 _6\"></span>2.28<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>    41<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.023<span class=\"__1 _6\"></span>   <span class=\"__1 _41\"> </span>  5<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.717<span class=\"__1 _6\"></span>   <span class=\"__1 _c5\"> </span><span class=\"lsbc\">               (2.25<span class=\"__1 _6\"></span>8)   <span class=\"__1 _fd\"> </span></span>  <span class=\"__1 _6\"></span>47<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>.482<span class=\"__1 _6\"></span>   <span class=\"__1 _1ab\"> </span>  4<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>7.12<span class=\"__1 _6\"></span>8 <span class=\"__1 _6\"></span>  <span class=\"__1 _fb\"> </span>  2<span class=\"__1 _6\"></span>01<span class=\"__1 _6\"></span>.199<span class=\"__1 _6\"></span>   <span class=\"__1 _5c\"> </span><span class=\"lsbc\">             (2<span class=\"__1 _6\"></span>9.61<span class=\"__1 _6\"></span>2)   <span class=\"__1 _fd\"> </span></span>  <span class=\"__1 _6\"></span>60<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.715<span class=\"__1 _6\"></span>  TOT<span class=\"__1 _70\"></span>A<span class=\"__1 _6\"></span>L A<span class=\"__1 _6\"></span>CTI<span class=\"__1 _70\"></span>V<span class=\"__1 _6\"></span>O<span class=\"__1 _133\"> </span>  1.322<span class=\"__1 _6\"></span>.01<span class=\"__1 _6\"></span>7   <span class=\"__1 _103\"> </span>  5<span class=\"__1 _6\"></span>33<span class=\"__1 _6\"></span>.506<span class=\"__1 _6\"></span>   <span class=\"__1 _c4\"> </span><span class=\"lsbc\">          (1<span class=\"__1 _6\"></span>55<span class=\"__1 _6\"></span>.049<span class=\"__1 _6\"></span>)   <span class=\"__1 _19a\"> </span></span>  <span class=\"__1 _6\"></span>1.70<span class=\"__1 _6\"></span>0.47<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>   <span class=\"__1 _99\"> </span>  1<span class=\"__1 _6\"></span>.298<span class=\"__1 _6\"></span>.819<span class=\"__1 _6\"></span>   <span class=\"__1 _fb\"> </span> <span class=\"__1 _6\"></span> 66<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.137<span class=\"__1 _6\"></span>   <span class=\"__1 _c4\"> </span><span class=\"lsbc\">          (1<span class=\"__1 _6\"></span>78<span class=\"__1 _6\"></span>.752<span class=\"__1 _6\"></span>)   <span class=\"__1 _19a\"> </span></span>  1<span class=\"__1 _6\"></span>.780<span class=\"__1 _6\"></span>.20<span class=\"__1 _6\"></span>4  2022<span class=\"__1 _1bc\"> </span>EST<span class=\"__1 _70\"></span>ADO<span class=\"__1 _6\"></span>S D<span class=\"__1 _6\"></span>E SITUA<span class=\"__1 _5\"></span>CI\u00d3<span class=\"__1 _6\"></span>N FI<span class=\"__1 _6\"></span>NANCIERA CONSO<span class=\"__1 _6\"></span>LIDADO<span class=\"__1 _6\"></span>S PO<span class=\"__1 _6\"></span>R<span class=\"__1 _6\"></span> NEGOCI<span class=\"__1 _6\"></span>O<span class=\"__1 _6\"></span>S AL 31<span class=\"__1 _6\"></span> DE DI<span class=\"__1 _6\"></span>CI<span class=\"__1 _6\"></span>EMBR<span class=\"__1 _6\"></span>E DE 2<span class=\"__1 _6\"></span>02<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span> Y 2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>22<span class=\"__1 _1bc\"> </span>ENCE<span class=\"__1 _6\"></span> E<span class=\"__1 _6\"></span>NERG\u00cdA Y CE<span class=\"__1 _6\"></span>LUL<span class=\"__1 _70\"></span>O<span class=\"__1 _6\"></span>SA,<span class=\"__1 _5\"></span> S.A<span class=\"__1 _5\"></span>. Y SOC<span class=\"__1 _6\"></span>IEDADE<span class=\"__1 _6\"></span>S DE<span class=\"__1 _6\"></span>PE<span class=\"__1 _6\"></span>NDIENTES<span class=\"__1 _1bc\"> </span>2023<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e E<span class=\"__1 _70\"></span>u<span class=\"__1 _6\"></span>ro<span class=\"__1 _6\"></span>s<span class=\"__1 _18e\"> </span><span class=\"ff3_1\">N<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>goci<span class=\"__1 _5\"></span>o Ce<span class=\"__1 _6\"></span>lulosa<span class=\"__1 _1bc\"> </span></span>Ne<span class=\"__1 _6\"></span>gocio<span class=\"__1 _1bc\"> </span>Renovabl<span class=\"__1 _5\"></span>es (*)<span class=\"__1 _1bc\"> </span>Ajustes y<span class=\"__1 _1bc\"> </span>Eli<span class=\"__1 _5\"></span>minac<span class=\"__1 _5\"></span>iones<span class=\"__1 _1bc\"> </span>TOT<span class=\"__1 _5\"></span>AL<span class=\"__1 _6\"></span> CON<span class=\"__1 _6\"></span>SOL<span class=\"__1 _6\"></span>ID<span class=\"__1 _5\"></span>ADO<span class=\"__1 _11e\"> </span>N<span class=\"__1 _6\"></span>egocio Celulosa<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _6\"></span>gocio<span class=\"__1 _1bc\"> </span>Renovabl<span class=\"__1 _5\"></span>es (*)<span class=\"__1 _1bc\"> </span>Ajustes y<span class=\"__1 _1bc\"> </span>Eli<span class=\"__1 _5\"></span>minac<span class=\"__1 _5\"></span>iones<span class=\"__1 _1bc\"> </span>TOT<span class=\"__1 _5\"></span>AL<span class=\"__1 _6\"></span> CON<span class=\"__1 _6\"></span>SOL<span class=\"__1 _6\"></span>ID<span class=\"__1 _5\"></span>AD<span class=\"__1 _1bc\"> </span>PATR<span class=\"__1 _5\"></span>IM<span class=\"__1 _5\"></span>ONIO N<span class=\"__1 _6\"></span>ET<span class=\"__1 _5\"></span>O:<span class=\"__1 _1bc\"> </span>Ca<span class=\"__1 _6\"></span>pi<span class=\"__1 _8\"></span>tal<span class=\"__1 _8\"></span> s<span class=\"__1 _6\"></span>oc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _1ad\"> </span>  22<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.645<span class=\"__1 _6\"></span>   <span class=\"__1 _fb\"> </span> <span class=\"__1 _6\"></span> 22<span class=\"__1 _6\"></span>.79<span class=\"__1 _6\"></span>5   <span class=\"__1 _b5\"> </span><span class=\"lsbe\">             (2<span class=\"__1 _6\"></span>2.79<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>)   <span class=\"__1 _18\"> </span></span>  2<span class=\"__1 _6\"></span>21<span class=\"__1 _6\"></span>.64<span class=\"__1 _6\"></span>5 <span class=\"__1 _6\"></span>  <span class=\"__1 _4a\"> </span>  22<span class=\"__1 _6\"></span>1.6<span class=\"__1 _6\"></span>45<span class=\"__1 _6\"></span>   <span class=\"__1 _fb\"> </span>  2<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.604<span class=\"__1 _6\"></span>   <span class=\"__1 _b5\"> </span><span class=\"lsbe\">             (2<span class=\"__1 _6\"></span>2.60<span class=\"__1 _6\"></span>4)   <span class=\"__1 _8b\"> </span></span>  22<span class=\"__1 _6\"></span>1.6<span class=\"__1 _6\"></span>45<span class=\"__1 _1bc\"> </span>Pr<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>ma<span class=\"__1 _6\"></span> de em<span class=\"__1 _70\"></span>i<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n <span class=\"__1 _188\"> </span>  1<span class=\"__1 _6\"></span>70<span class=\"__1 _6\"></span>.77<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>   <span class=\"__1 _fb\"> </span>  9<span class=\"__1 _6\"></span>1.1<span class=\"__1 _6\"></span>68<span class=\"__1 _6\"></span>   <span class=\"__1 _b5\"> </span><span class=\"lsbe\">             (91<span class=\"__1 _6\"></span>.168<span class=\"__1 _6\"></span>)   <span class=\"__1 _18\"> </span></span> <span class=\"__1 _6\"></span> 17<span class=\"__1 _6\"></span>0.7<span class=\"__1 _6\"></span>76<span class=\"__1 _6\"></span>   <span class=\"__1 _4a\"> </span>  1<span class=\"__1 _6\"></span>70<span class=\"__1 _6\"></span>.77<span class=\"__1 _6\"></span>6   <span class=\"__1 _103\"> </span>  48<span class=\"__1 _6\"></span>.95<span class=\"__1 _6\"></span>5 <span class=\"__1 _6\"></span>  <span class=\"__1 _b5\"> </span><span class=\"lsbe\">             (48<span class=\"__1 _6\"></span>.955<span class=\"__1 _6\"></span>)   <span class=\"__1 _18\"> </span></span>  1<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>0.77<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span>Reserva<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> <span class=\"__1 _21\"> </span>  1<span class=\"__1 _6\"></span>59<span class=\"__1 _6\"></span>.68<span class=\"__1 _6\"></span>7 <span class=\"__1 _6\"></span>  <span class=\"__1 _55\"> </span><span class=\"lsbe\">               (4<span class=\"__1 _6\"></span>.393<span class=\"__1 _6\"></span>)   <span class=\"__1 _58\"> </span>             (1<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.045<span class=\"__1 _6\"></span>)   <span class=\"__1 _18\"> </span></span>  1<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>7.24<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>   <span class=\"__1 _4a\"> </span>  11<span class=\"__1 _6\"></span>8.8<span class=\"__1 _6\"></span>12<span class=\"__1 _6\"></span>   <span class=\"__1 _b5\"> </span><span class=\"lsbe\">             (3<span class=\"__1 _6\"></span>1.76<span class=\"__1 _6\"></span>6)   <span class=\"__1 _16\"> </span></span>  6<span class=\"__1 _6\"></span>.87<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>   <span class=\"__1 _1f\"> </span>  9<span class=\"__1 _6\"></span>3.9<span class=\"__1 _6\"></span>18<span class=\"__1 _1bc\"> </span>Di<span class=\"__1 _6\"></span>vi<span class=\"__1 _8\"></span>dendo a<span class=\"__1 _6\"></span> c<span class=\"__1 _6\"></span>uenta<span class=\"__1 _1ae\"> </span><span class=\"lsbe\">                           -   <span class=\"__1 _58\"> </span>                           -   <span class=\"__1 _b5\"> </span>                           -   <span class=\"__1 _51\"> </span>                                -   <span class=\"__1 _ff\"> </span>             (6<span class=\"__1 _6\"></span>6.55<span class=\"__1 _6\"></span>3)   <span class=\"__1 _b5\"> </span>                           -   <span class=\"__1 _b5\"> </span>                           -   <span class=\"__1 _51\"> </span>                  (66<span class=\"__1 _6\"></span>.553<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>Di<span class=\"__1 _6\"></span>ferenc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> de con<span class=\"__1 _6\"></span>vers<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _203\"> </span>  1<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>   <span class=\"__1 _b5\"> </span><span class=\"lsbe\">                           -   <span class=\"__1 _58\"> </span>                           -   <span class=\"__1 _162\"> </span></span>  1<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>   <span class=\"__1 _dc\"> </span>  1   <span class=\"__1 _b5\"> </span><span class=\"lsbe\">                           -   <span class=\"__1 _b5\"> </span>                           -   <span class=\"__1 _ec\"> </span></span>  1<span class=\"__1 _1bc\"> </span>Acci<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> pr<span class=\"__1 _6\"></span>opi<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>- de l<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span> Soc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>edad<span class=\"__1 _6\"></span> Domi<span class=\"__1 _6\"></span>na<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>te<span class=\"__1 _19e\"> </span><span class=\"lsbe\">             (12<span class=\"__1 _6\"></span>.980<span class=\"__1 _6\"></span>)   <span class=\"__1 _b5\"> </span>                           -   <span class=\"__1 _58\"> </span>                           -   <span class=\"__1 _51\"> </span>                  (1<span class=\"__1 _6\"></span>2.98<span class=\"__1 _6\"></span>0)   <span class=\"__1 _33\"> </span>             (12.95<span class=\"__1 _6\"></span>8)   <span class=\"__1 _b5\"> </span>                           -   <span class=\"__1 _b5\"> </span>                           -   <span class=\"__1 _51\"> </span>                  (12<span class=\"__1 _6\"></span>.958<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>Ajus<span class=\"__1 _8\"></span>te<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> en pa<span class=\"__1 _6\"></span>tri<span class=\"__1 _8\"></span>moni<span class=\"__1 _6\"></span>o po<span class=\"__1 _6\"></span>r v<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>ra<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _1a\"> </span>  39<span class=\"__1 _6\"></span>.26<span class=\"__1 _6\"></span>8   <span class=\"__1 _19a\"> </span>  1<span class=\"__1 _6\"></span>.483<span class=\"__1 _6\"></span>   <span class=\"__1 _b5\"> </span><span class=\"lsbe\">                           -   <span class=\"__1 _1f\"> </span></span>  4<span class=\"__1 _6\"></span>0.7<span class=\"__1 _6\"></span>51<span class=\"__1 _6\"></span>   <span class=\"__1 _a\"> </span>  <span class=\"__1 _6\"></span>40<span class=\"__1 _6\"></span>.32<span class=\"__1 _6\"></span>7   <span class=\"__1 _19a\"> </span>  5<span class=\"__1 _6\"></span>.237<span class=\"__1 _6\"></span>   <span class=\"__1 _51\"> </span><span class=\"lsbe\">               (2.566<span class=\"__1 _6\"></span>)   <span class=\"__1 _1f\"> </span></span>  42<span class=\"__1 _6\"></span>.99<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>ns<span class=\"__1 _6\"></span>tru<span class=\"__1 _6\"></span>me<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>tos<span class=\"__1 _6\"></span> de pa<span class=\"__1 _6\"></span>tri<span class=\"__1 _8\"></span>moni<span class=\"__1 _6\"></span>o neto <span class=\"__1 _200\"> </span>  1.3<span class=\"__1 _6\"></span>28<span class=\"__1 _6\"></span>   <span class=\"__1 _b5\"> </span><span class=\"lsbe\">                           -   <span class=\"__1 _58\"> </span>                           -   <span class=\"__1 _1ab\"> </span></span>  <span class=\"__1 _6\"></span>1.32<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>   <span class=\"__1 _11\"> </span>  3.7<span class=\"__1 _6\"></span>53<span class=\"__1 _6\"></span>   <span class=\"__1 _b5\"> </span><span class=\"lsbe\">                           -   <span class=\"__1 _b5\"> </span>                           -   <span class=\"__1 _2f\"> </span></span> <span class=\"__1 _6\"></span> 3.75<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>Otra<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> a<span class=\"__1 _6\"></span>po<span class=\"__1 _6\"></span>rta<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>nes<span class=\"__1 _6\"></span> de s<span class=\"__1 _6\"></span>oc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>os<span class=\"__1 _13b\"> </span><span class=\"lsbe\">                           -   <span class=\"__1 _b5\"> </span>                           -   <span class=\"__1 _58\"> </span>                           -   <span class=\"__1 _5c\"> </span>                                -   <span class=\"__1 _ff\"> </span>                           -   <span class=\"__1 _b\"> </span></span>  1<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>0.5<span class=\"__1 _6\"></span>17<span class=\"__1 _6\"></span>   <span class=\"__1 _51\"> </span><span class=\"lsbe\">          (1<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>0.51<span class=\"__1 _6\"></span>7)   <span class=\"__1 _51\"> </span>                                -<span class=\"__1 _1bc\"> </span></span>Bene<span class=\"__1 _70\"></span>fi<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>o/ (<span class=\"__1 _6\"></span>P\u00e9rdi<span class=\"__1 _8\"></span>da<span class=\"__1 _6\"></span>) c<span class=\"__1 _6\"></span>ons<span class=\"__1 _8\"></span>ol<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>da<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>o del<span class=\"__1 _6\"></span> ej<span class=\"__1 _6\"></span>erc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _f1\"> </span><span class=\"lsbe\">             (27.309<span class=\"__1 _6\"></span>)   <span class=\"__1 _16\"> </span></span>  1<span class=\"__1 _6\"></span>.11<span class=\"__1 _6\"></span>1 <span class=\"__1 _6\"></span>  <span class=\"__1 _16\"> </span>  1<span class=\"__1 _6\"></span>.47<span class=\"__1 _6\"></span>8   <span class=\"__1 _5c\"> </span><span class=\"lsbe\">                  (24<span class=\"__1 _6\"></span>.720<span class=\"__1 _6\"></span>)   <span class=\"__1 _4a\"> </span></span>  24<span class=\"__1 _6\"></span>3.4<span class=\"__1 _6\"></span>96<span class=\"__1 _6\"></span>   <span class=\"__1 _16\"> </span>  <span class=\"__1 _6\"></span>4.54<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>   <span class=\"__1 _51\"> </span><span class=\"lsbe\">                  (8<span class=\"__1 _6\"></span>18<span class=\"__1 _6\"></span>)   <span class=\"__1 _18\"> </span></span>  2<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>7.22<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span>Patrim<span class=\"__1 _6\"></span>onio net<span class=\"__1 _6\"></span>o atr<span class=\"__1 _6\"></span>ibuible a la<span class=\"__1 _70\"></span> Sociedad Dominante<span class=\"__1 _19f\"> </span>  55<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.428<span class=\"__1 _6\"></span>   <span class=\"__1 _12f\"> </span>  1<span class=\"__1 _6\"></span>12<span class=\"__1 _6\"></span>.164<span class=\"__1 _6\"></span>   <span class=\"__1 _5c\"> </span><span class=\"lsbe\">          (13<span class=\"__1 _6\"></span>0.530<span class=\"__1 _6\"></span>)   <span class=\"__1 _18\"> </span></span>  5<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>4.06<span class=\"__1 _6\"></span>2  <span class=\"__1 _6\"></span> <span class=\"__1 _af\"> </span>  <span class=\"__1 _6\"></span>71<span class=\"__1 _6\"></span>9.29<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>   <span class=\"__1 _12f\"> </span>  22<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.089<span class=\"__1 _6\"></span>   <span class=\"__1 _5c\"> </span><span class=\"lsbe\">          (238<span class=\"__1 _6\"></span>.588<span class=\"__1 _6\"></span>)   <span class=\"__1 _18\"> </span></span>  7<span class=\"__1 _6\"></span>00<span class=\"__1 _6\"></span>.80<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span>Inter<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>ses m<span class=\"__1 _6\"></span>inoritarios<span class=\"__1 _1a9\"> </span><span class=\"lsbe\">                           -   <span class=\"__1 _b\"> </span></span>  1<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>5.52<span class=\"__1 _6\"></span>7  <span class=\"__1 _6\"></span> <span class=\"__1 _b5\"> </span><span class=\"lsbe\">                           -   <span class=\"__1 _18\"> </span></span>  1<span class=\"__1 _6\"></span>15<span class=\"__1 _6\"></span>.527<span class=\"__1 _6\"></span>   <span class=\"__1 _fa\"> </span>  40<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>   <span class=\"__1 _16\"> </span>  8<span class=\"__1 _6\"></span>.818<span class=\"__1 _6\"></span>   <span class=\"__1 _12f\"> </span>  1<span class=\"__1 _6\"></span>08<span class=\"__1 _6\"></span>.01<span class=\"__1 _6\"></span>8   <span class=\"__1 _8b\"> </span>  1<span class=\"__1 _6\"></span>17<span class=\"__1 _6\"></span>.236<span class=\"__1 _1bc\"> </span>TOT<span class=\"__1 _5\"></span>AL<span class=\"__1 _6\"></span> PATRI<span class=\"__1 _70\"></span>MONIO N<span class=\"__1 _6\"></span>ET<span class=\"__1 _5\"></span>O<span class=\"__1 _df\"> </span>  <span class=\"__1 _6\"></span>55<span class=\"__1 _6\"></span>2.42<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>   <span class=\"__1 _12f\"> </span>  22<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.691<span class=\"__1 _6\"></span>   <span class=\"__1 _51\"> </span><span class=\"lsbe\">          (1<span class=\"__1 _6\"></span>30<span class=\"__1 _6\"></span>.530<span class=\"__1 _6\"></span>)   <span class=\"__1 _18\"> </span></span>  6<span class=\"__1 _6\"></span>49<span class=\"__1 _6\"></span>.58<span class=\"__1 _6\"></span>9   <span class=\"__1 _4a\"> </span>  7<span class=\"__1 _6\"></span>19<span class=\"__1 _6\"></span>.69<span class=\"__1 _6\"></span>9   <span class=\"__1 _12f\"> </span>  2<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>8.90<span class=\"__1 _6\"></span>7 <span class=\"__1 _6\"></span>  <span class=\"__1 _51\"> </span><span class=\"lsbe\">          (13<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.570)   <span class=\"__1 _8b\"> </span></span>  81<span class=\"__1 _6\"></span>8.03<span class=\"__1 _6\"></span>6 PASIVO NO<span class=\"__1 _6\"></span> CORRI<span class=\"__1 _5\"></span>ENTE<span class=\"__1 _5\"></span>:<span class=\"__1 _1bc\"> </span>Deuda<span class=\"__1 _6\"></span> fi<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>era<span class=\"__1 _8\"></span>-<span class=\"__1 _1bc\"> </span>Obl<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>ga<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> y otr<span class=\"__1 _6\"></span>os<span class=\"__1 _6\"></span> va<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span> negoci<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _1af\"> </span><span class=\"lsbe\">                           -   <span class=\"__1 _12\"> </span></span>  <span class=\"__1 _6\"></span>78<span class=\"__1 _6\"></span>.69<span class=\"__1 _6\"></span>7   <span class=\"__1 _b5\"> </span><span class=\"lsbe\">                           -   <span class=\"__1 _1f\"> </span></span>  7<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.697<span class=\"__1 _6\"></span>   <span class=\"__1 _33\"> </span><span class=\"lsbe\">                           -   <span class=\"__1 _12\"> </span></span>  7<span class=\"__1 _6\"></span>8.4<span class=\"__1 _6\"></span>36<span class=\"__1 _6\"></span>   <span class=\"__1 _b5\"> </span><span class=\"lsbe\">                           -   <span class=\"__1 _1f\"> </span></span>  7<span class=\"__1 _6\"></span>8.43<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span>Deuda<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> c<span class=\"__1 _6\"></span>on enti<span class=\"__1 _6\"></span>da<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>es d<span class=\"__1 _6\"></span>e cr<span class=\"__1 _6\"></span>\u00e9di<span class=\"__1 _6\"></span>to<span class=\"__1 _65\"> </span>  277<span class=\"__1 _6\"></span>.44<span class=\"__1 _6\"></span>0 <span class=\"__1 _6\"></span>  <span class=\"__1 _fb\"> </span>  1<span class=\"__1 _6\"></span>0.21<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>   <span class=\"__1 _b5\"> </span><span class=\"lsbe\">                           -   <span class=\"__1 _18\"> </span></span>  2<span class=\"__1 _6\"></span>87<span class=\"__1 _6\"></span>.65<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>   <span class=\"__1 _a\"> </span>  8<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.960<span class=\"__1 _6\"></span>   <span class=\"__1 _fb\"> </span>  4<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.45<span class=\"__1 _6\"></span>4   <span class=\"__1 _b5\"> </span><span class=\"lsbe\">                           -   <span class=\"__1 _8b\"> </span></span>  13<span class=\"__1 _6\"></span>0.41<span class=\"__1 _6\"></span>4<span class=\"__1 _1bc\"> </span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> pa<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>os<span class=\"__1 _6\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>eros<span class=\"__1 _42\"> </span>  72<span class=\"__1 _6\"></span>.14<span class=\"__1 _6\"></span>6   <span class=\"__1 _19a\"> </span>  1<span class=\"__1 _6\"></span>.73<span class=\"__1 _6\"></span>0   <span class=\"__1 _b5\"> </span><span class=\"lsbe\">                           -   <span class=\"__1 _1f\"> </span></span>  7<span class=\"__1 _6\"></span>3.8<span class=\"__1 _6\"></span>76<span class=\"__1 _6\"></span>   <span class=\"__1 _a\"> </span> <span class=\"__1 _6\"></span> 76<span class=\"__1 _6\"></span>.22<span class=\"__1 _6\"></span>1   <span class=\"__1 _19a\"> </span>  1<span class=\"__1 _6\"></span>.03<span class=\"__1 _6\"></span>6   <span class=\"__1 _b5\"> </span><span class=\"lsbe\">                           -   <span class=\"__1 _1f\"> </span></span>  7<span class=\"__1 _6\"></span>7.2<span class=\"__1 _6\"></span>57<span class=\"__1 _1bc\"> </span>I<span class=\"__1 _6\"></span>ns<span class=\"__1 _6\"></span>tr<span class=\"__1 _6\"></span>ume<span class=\"__1 _5\"></span>ntos<span class=\"__1 _6\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>ro<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> deri<span class=\"__1 _8\"></span>va<span class=\"__1 _6\"></span>do<span class=\"__1 _6\"></span>s<span class=\"__1 _43\"> </span>  3.44<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>   <span class=\"__1 _b5\"> </span><span class=\"lsbe\">                           -   <span class=\"__1 _58\"> </span>                           -   <span class=\"__1 _1ab\"> </span></span>  3<span class=\"__1 _6\"></span>.44<span class=\"__1 _6\"></span>1   <span class=\"__1 _33\"> </span><span class=\"lsbe\">                           -   <span class=\"__1 _58\"> </span>                           -   <span class=\"__1 _b5\"> </span>                           -   <span class=\"__1 _51\"> </span>                                -<span class=\"__1 _1bc\"> </span></span>Subvenc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>on<span class=\"__1 _6\"></span>es<span class=\"__1 _1b0\"> </span>  5.5<span class=\"__1 _6\"></span>35<span class=\"__1 _6\"></span>   <span class=\"__1 _1f\"> </span>  4<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>3   <span class=\"__1 _b5\"> </span><span class=\"lsbe\">                           -   <span class=\"__1 _1ab\"> </span></span>  6<span class=\"__1 _6\"></span>.01<span class=\"__1 _6\"></span>8   <span class=\"__1 _11\"> </span>  <span class=\"__1 _6\"></span>5.78<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>   <span class=\"__1 _1f\"> </span>  6<span class=\"__1 _6\"></span>25<span class=\"__1 _6\"></span>   <span class=\"__1 _b5\"> </span><span class=\"lsbe\">                           -   <span class=\"__1 _1ab\"> </span></span>  6<span class=\"__1 _6\"></span>.40<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span>Pr<span class=\"__1 _6\"></span>ovi<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> a<span class=\"__1 _6\"></span> l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>rgo p<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>zo<span class=\"__1 _56\"> </span>  28.1<span class=\"__1 _6\"></span>49<span class=\"__1 _6\"></span>   <span class=\"__1 _1f\"> </span>  1<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>9  <span class=\"__1 _6\"></span> <span class=\"__1 _58\"> </span><span class=\"lsbe\">                           -   <span class=\"__1 _1f\"> </span></span>  2<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.28<span class=\"__1 _6\"></span>8   <span class=\"__1 _d7\"> </span>  27.88<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>   <span class=\"__1 _1f\"> </span>  1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2   <span class=\"__1 _b5\"> </span><span class=\"lsbe\">                           -   <span class=\"__1 _1f\"> </span></span>  2<span class=\"__1 _6\"></span>7.9<span class=\"__1 _6\"></span>83<span class=\"__1 _1bc\"> </span>Peri<span class=\"__1 _8\"></span>odi<span class=\"__1 _6\"></span>fi<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>nes <span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span> l<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>rgo p<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>zo<span class=\"__1 _198\"> </span>  11<span class=\"__1 _6\"></span>   <span class=\"__1 _19a\"> </span>  2.7<span class=\"__1 _6\"></span>02<span class=\"__1 _6\"></span>   <span class=\"__1 _b5\"> </span><span class=\"lsbe\">                           -   <span class=\"__1 _1ab\"> </span></span>  2<span class=\"__1 _6\"></span>.713<span class=\"__1 _6\"></span>   <span class=\"__1 _3e\"> </span> <span class=\"__1 _6\"></span> 11<span class=\"__1 _6\"></span>   <span class=\"__1 _16\"> </span>  3<span class=\"__1 _6\"></span>.23<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>   <span class=\"__1 _b5\"> </span><span class=\"lsbe\">                           -   <span class=\"__1 _1ab\"> </span></span>  3.24<span class=\"__1 _6\"></span>1<span class=\"__1 _1bc\"> </span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> pa<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>os<span class=\"__1 _6\"></span> n<span class=\"__1 _6\"></span>o c<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>ri<span class=\"__1 _8\"></span>ente<span class=\"__1 _70\"></span>s<span class=\"__1 _1b1\"> </span>  30<span class=\"__1 _6\"></span>.32<span class=\"__1 _6\"></span>0 <span class=\"__1 _6\"></span>  <span class=\"__1 _fb\"> </span>  6<span class=\"__1 _6\"></span>6.40<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>   <span class=\"__1 _b5\"> </span><span class=\"lsbe\">                           -   <span class=\"__1 _1f\"> </span></span>  96<span class=\"__1 _6\"></span>.72<span class=\"__1 _6\"></span>7 <span class=\"__1 _6\"></span>  <span class=\"__1 _a\"> </span>  3<span class=\"__1 _6\"></span>2.3<span class=\"__1 _6\"></span>92<span class=\"__1 _6\"></span>   <span class=\"__1 _fb\"> </span>  7<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.950<span class=\"__1 _6\"></span>   <span class=\"__1 _b5\"> </span><span class=\"lsbe\">                           -   <span class=\"__1 _18\"> </span></span>  <span class=\"__1 _6\"></span>10<span class=\"__1 _6\"></span>4.3<span class=\"__1 _6\"></span>42<span class=\"__1 _1bc\"> </span>Deuda<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> c<span class=\"__1 _6\"></span>on empres<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>del<span class=\"__1 _6\"></span> gru<span class=\"__1 _6\"></span>po y a<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>oc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>da<span class=\"__1 _6\"></span>s<span class=\"__1 _1b2\"> </span><span class=\"lsbe\">                           -   <span class=\"__1 _12\"> </span></span>  <span class=\"__1 _6\"></span>27<span class=\"__1 _6\"></span>.13<span class=\"__1 _6\"></span>8   <span class=\"__1 _b5\"> </span><span class=\"lsbe\">             (2<span class=\"__1 _6\"></span>2.27<span class=\"__1 _6\"></span>0)   <span class=\"__1 _f\"> </span></span>  4.8<span class=\"__1 _6\"></span>68<span class=\"__1 _6\"></span>   <span class=\"__1 _ff\"> </span><span class=\"lsbe\">                           -   <span class=\"__1 _fb\"> </span></span>  3<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.418<span class=\"__1 _6\"></span>   <span class=\"__1 _b5\"> </span><span class=\"lsbe\">             (1<span class=\"__1 _6\"></span>8.57<span class=\"__1 _6\"></span>5)   <span class=\"__1 _1f\"> </span></span>  <span class=\"__1 _6\"></span>17<span class=\"__1 _6\"></span>.84<span class=\"__1 _6\"></span>3  41<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.042<span class=\"__1 _6\"></span>   <span class=\"__1 _12f\"> </span>  1<span class=\"__1 _6\"></span>87<span class=\"__1 _6\"></span>.514<span class=\"__1 _6\"></span>   <span class=\"__1 _b5\"> </span><span class=\"lsbe\">             (2<span class=\"__1 _6\"></span>2.270<span class=\"__1 _6\"></span>)   <span class=\"__1 _18\"> </span></span>  5<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>2.28<span class=\"__1 _6\"></span>6   <span class=\"__1 _4a\"> </span>  2<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>9.24<span class=\"__1 _6\"></span>8   <span class=\"__1 _12f\"> </span>  <span class=\"__1 _6\"></span>23<span class=\"__1 _6\"></span>5.25<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>   <span class=\"__1 _b5\"> </span><span class=\"lsbe\">             (18<span class=\"__1 _6\"></span>.575)   <span class=\"__1 _8b\"> </span></span>  44<span class=\"__1 _6\"></span>5.92<span class=\"__1 _6\"></span>4<span class=\"__1 _1bc\"> </span>PASIVO CORRI<span class=\"__1 _5\"></span>ENTE<span class=\"__1 _5\"></span>:<span class=\"__1 _1bc\"> </span>Deuda<span class=\"__1 _6\"></span> fi<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>era<span class=\"__1 _8\"></span>-<span class=\"__1 _1bc\"> </span>Obl<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>ga<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> y otr<span class=\"__1 _6\"></span>os<span class=\"__1 _6\"></span> va<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span> negoci<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _140\"> </span>  53.0<span class=\"__1 _6\"></span>47<span class=\"__1 _6\"></span>   <span class=\"__1 _b5\"> </span><span class=\"lsbe\">                           -   <span class=\"__1 _b5\"> </span>                           -   <span class=\"__1 _1f\"> </span></span>  53<span class=\"__1 _6\"></span>.04<span class=\"__1 _6\"></span>7   <span class=\"__1 _d7\"> </span>  63.3<span class=\"__1 _6\"></span>00<span class=\"__1 _6\"></span>   <span class=\"__1 _b5\"> </span><span class=\"lsbe\">                           -   <span class=\"__1 _b5\"> </span>                           -   <span class=\"__1 _1f\"> </span></span>  63<span class=\"__1 _6\"></span>.30<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span>Deuda<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> c<span class=\"__1 _6\"></span>on enti<span class=\"__1 _6\"></span>da<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>es d<span class=\"__1 _6\"></span>e cr<span class=\"__1 _6\"></span>\u00e9di<span class=\"__1 _6\"></span>to<span class=\"__1 _45\"> </span>  8<span class=\"__1 _6\"></span>4.4<span class=\"__1 _6\"></span>62<span class=\"__1 _6\"></span>   <span class=\"__1 _fb\"> </span>  3<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.601<span class=\"__1 _6\"></span>   <span class=\"__1 _b5\"> </span><span class=\"lsbe\">                           -   <span class=\"__1 _18\"> </span></span>  <span class=\"__1 _6\"></span>11<span class=\"__1 _6\"></span>8.0<span class=\"__1 _6\"></span>63<span class=\"__1 _6\"></span>   <span class=\"__1 _11\"> </span>  8<span class=\"__1 _6\"></span>.68<span class=\"__1 _6\"></span>5   <span class=\"__1 _103\"> </span>  27<span class=\"__1 _6\"></span>.09<span class=\"__1 _6\"></span>1 <span class=\"__1 _6\"></span>  <span class=\"__1 _b5\"> </span><span class=\"lsbe\">                           -   <span class=\"__1 _1f\"> </span></span>  35<span class=\"__1 _6\"></span>.77<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> pa<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>os<span class=\"__1 _6\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>eros<span class=\"__1 _42\"> </span>  12<span class=\"__1 _6\"></span>.74<span class=\"__1 _6\"></span>2   <span class=\"__1 _19a\"> </span>  1<span class=\"__1 _6\"></span>.10<span class=\"__1 _6\"></span>2   <span class=\"__1 _b5\"> </span><span class=\"lsbe\">                           -   <span class=\"__1 _1f\"> </span></span>  1<span class=\"__1 _6\"></span>3.8<span class=\"__1 _6\"></span>44<span class=\"__1 _6\"></span>   <span class=\"__1 _a\"> </span> <span class=\"__1 _6\"></span> 11<span class=\"__1 _6\"></span>.35<span class=\"__1 _6\"></span>5   <span class=\"__1 _161\"> </span>  661<span class=\"__1 _6\"></span>   <span class=\"__1 _b5\"> </span><span class=\"lsbe\">                           -   <span class=\"__1 _1f\"> </span></span>  12<span class=\"__1 _6\"></span>.01<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span>I<span class=\"__1 _6\"></span>ns<span class=\"__1 _6\"></span>tr<span class=\"__1 _6\"></span>ume<span class=\"__1 _5\"></span>ntos<span class=\"__1 _6\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>ro<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> deri<span class=\"__1 _8\"></span>va<span class=\"__1 _6\"></span>do<span class=\"__1 _6\"></span>s<span class=\"__1 _d3\"> </span>  5<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>3  <span class=\"__1 _6\"></span> <span class=\"__1 _58\"> </span><span class=\"lsbe\">                           -   <span class=\"__1 _b5\"> </span>                           -   <span class=\"__1 _79\"> </span></span>  5<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>3   <span class=\"__1 _fa\"> </span>  35<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>   <span class=\"__1 _b5\"> </span><span class=\"lsbe\">                           -   <span class=\"__1 _58\"> </span>                           -   <span class=\"__1 _ed\"> </span></span>  35<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span>Deuda<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> c<span class=\"__1 _6\"></span>on <span class=\"__1 _6\"></span>pa<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>te<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span> vi<span class=\"__1 _8\"></span>nc<span class=\"__1 _6\"></span>ul<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>da<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> a<span class=\"__1 _6\"></span> c<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>to pl<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>zo<span class=\"__1 _46\"> </span>  53<span class=\"__1 _6\"></span>   <span class=\"__1 _1f\"> </span>  4<span class=\"__1 _6\"></span>77<span class=\"__1 _6\"></span>   <span class=\"__1 _51\"> </span><span class=\"lsbe\">                  (2<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>6)   <span class=\"__1 _79\"> </span></span> <span class=\"__1 _6\"></span> 24<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>   <span class=\"__1 _3e\"> </span>  1<span class=\"__1 _6\"></span>2  <span class=\"__1 _6\"></span> <span class=\"__1 _1f\"> </span>  74<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>   <span class=\"__1 _51\"> </span><span class=\"lsbe\">                  (3<span class=\"__1 _6\"></span>98<span class=\"__1 _6\"></span>)   <span class=\"__1 _79\"> </span></span>  3<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>Acreedores<span class=\"__1 _6\"></span> c<span class=\"__1 _6\"></span>ome<span class=\"__1 _5\"></span>rc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span> y otr<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> c<span class=\"__1 _6\"></span>uenta<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> a<span class=\"__1 _6\"></span> p<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>ga<span class=\"__1 _6\"></span>r<span class=\"__1 _191\"> </span>  1<span class=\"__1 _6\"></span>53<span class=\"__1 _6\"></span>.62<span class=\"__1 _6\"></span>1  <span class=\"__1 _6\"></span> <span class=\"__1 _fb\"> </span>  7<span class=\"__1 _6\"></span>2.35<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>   <span class=\"__1 _55\"> </span><span class=\"lsbe\">               (1<span class=\"__1 _6\"></span>.963<span class=\"__1 _6\"></span>)   <span class=\"__1 _18\"> </span></span>  2<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>4.01<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>   <span class=\"__1 _4a\"> </span>  21<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.524<span class=\"__1 _6\"></span>   <span class=\"__1 _12f\"> </span>  1<span class=\"__1 _6\"></span>56<span class=\"__1 _6\"></span>.62<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>   <span class=\"__1 _b5\"> </span><span class=\"lsbe\">             (29<span class=\"__1 _6\"></span>.209<span class=\"__1 _6\"></span>)   <span class=\"__1 _18\"> </span></span>  3<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>5.9<span class=\"__1 _6\"></span>42<span class=\"__1 _1bc\"> </span>I<span class=\"__1 _6\"></span>mpuesto s<span class=\"__1 _8\"></span>obre benefic<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span>, a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>ee<span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>or<span class=\"__1 _1b3\"> </span>  30<span class=\"__1 _6\"></span>   <span class=\"__1 _1ab\"> </span>  1<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>   <span class=\"__1 _b5\"> </span><span class=\"lsbe\">                           -   <span class=\"__1 _162\"> </span></span>  44<span class=\"__1 _6\"></span>   <span class=\"__1 _3e\"> </span>  <span class=\"__1 _6\"></span>13<span class=\"__1 _6\"></span>   <span class=\"__1 _b5\"> </span><span class=\"lsbe\">                           -   <span class=\"__1 _58\"> </span>                           -   <span class=\"__1 _162\"> </span></span>  <span class=\"__1 _6\"></span>13<span class=\"__1 _1bc\"> </span>Adm<span class=\"__1 _70\"></span>i<span class=\"__1 _8\"></span>ni<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>tra<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> P\u00fa<span class=\"__1 _6\"></span>bl<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> a<span class=\"__1 _8\"></span>cr<span class=\"__1 _6\"></span>ee<span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _40\"> </span>  7.16<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>   <span class=\"__1 _16\"> </span>  2<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>   <span class=\"__1 _b5\"> </span><span class=\"lsbe\">                           -   <span class=\"__1 _2f\"> </span></span> <span class=\"__1 _6\"></span> 9.16<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>   <span class=\"__1 _11\"> </span>  5<span class=\"__1 _6\"></span>.928<span class=\"__1 _6\"></span>   <span class=\"__1 _19a\"> </span>  2.8<span class=\"__1 _6\"></span>56<span class=\"__1 _6\"></span>   <span class=\"__1 _b5\"> </span><span class=\"lsbe\">                           -   <span class=\"__1 _1ab\"> </span></span>  8<span class=\"__1 _6\"></span>.784<span class=\"__1 _1bc\"> </span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> pa<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>os<span class=\"__1 _6\"></span> c<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>ente<span class=\"__1 _5\"></span>s<span class=\"__1 _16a\"> </span>  2.0<span class=\"__1 _6\"></span>73<span class=\"__1 _6\"></span>   <span class=\"__1 _16\"> </span>  <span class=\"__1 _6\"></span>5.32<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>   <span class=\"__1 _b5\"> </span><span class=\"lsbe\">                           -   <span class=\"__1 _1ab\"> </span></span>  7.40<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>   <span class=\"__1 _11\"> </span>  1<span class=\"__1 _6\"></span>.930<span class=\"__1 _6\"></span>   <span class=\"__1 _19a\"> </span>  4.9<span class=\"__1 _6\"></span>62<span class=\"__1 _6\"></span>   <span class=\"__1 _b5\"> </span><span class=\"lsbe\">                           -   <span class=\"__1 _1ab\"> </span></span>  6<span class=\"__1 _6\"></span>.892<span class=\"__1 _1bc\"> </span>Pr<span class=\"__1 _6\"></span>ovi<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> a<span class=\"__1 _6\"></span> c<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>to pl<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>zo<span class=\"__1 _56\"> </span>  38<span class=\"__1 _6\"></span>.765<span class=\"__1 _6\"></span>   <span class=\"__1 _19a\"> </span>  3.4<span class=\"__1 _6\"></span>18<span class=\"__1 _6\"></span>   <span class=\"__1 _b5\"> </span><span class=\"lsbe\">                           -   <span class=\"__1 _1f\"> </span></span>  42<span class=\"__1 _6\"></span>.18<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>   <span class=\"__1 _a\"> </span>  3<span class=\"__1 _6\"></span>9.7<span class=\"__1 _6\"></span>67<span class=\"__1 _6\"></span>   <span class=\"__1 _16\"> </span> <span class=\"__1 _6\"></span> 3.03<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>   <span class=\"__1 _b5\"> </span><span class=\"lsbe\">                           -   <span class=\"__1 _1f\"> </span></span>  42<span class=\"__1 _6\"></span>.80<span class=\"__1 _6\"></span>0  35<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.547<span class=\"__1 _6\"></span>   <span class=\"__1 _12f\"> </span>  1<span class=\"__1 _6\"></span>18<span class=\"__1 _6\"></span>.301<span class=\"__1 _6\"></span>   <span class=\"__1 _51\"> </span><span class=\"lsbe\">               (2.<span class=\"__1 _5\"></span>24<span class=\"__1 _6\"></span>9)   <span class=\"__1 _8b\"> </span><span class=\"ls0_1\">  46<span class=\"__1 _6\"></span>8.59<span class=\"__1 _6\"></span>9 <span class=\"__1 _6\"></span>  <span class=\"__1 _af\"> </span> <span class=\"__1 _6\"></span> 34<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>.872<span class=\"__1 _6\"></span>   <span class=\"__1 _12f\"> </span>  1<span class=\"__1 _6\"></span>95<span class=\"__1 _6\"></span>.979<span class=\"__1 _6\"></span>   <span class=\"__1 _b5\"> </span></span>             (29<span class=\"__1 _6\"></span>.607<span class=\"__1 _6\"></span>)   <span class=\"__1 _18\"> </span><span class=\"ls0_1\">  5<span class=\"__1 _6\"></span>16<span class=\"__1 _6\"></span>.24<span class=\"__1 _6\"></span>4 </span></span>TOT<span class=\"__1 _5\"></span>AL<span class=\"__1 _6\"></span> PATRI<span class=\"__1 _70\"></span>MONIO N<span class=\"__1 _6\"></span>ET<span class=\"__1 _5\"></span>O Y P<span class=\"__1 _6\"></span>ASIVO<span class=\"__1 _1a4\"> </span>  1<span class=\"__1 _6\"></span>.322<span class=\"__1 _6\"></span>.017<span class=\"__1 _6\"></span>   <span class=\"__1 _12f\"> </span>  5<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>3.50<span class=\"__1 _6\"></span>6   <span class=\"__1 _5c\"> </span><span class=\"lsbe\">          (15<span class=\"__1 _6\"></span>5.04<span class=\"__1 _6\"></span>9)   <span class=\"__1 _fb\"> </span></span>  1<span class=\"__1 _6\"></span>.700<span class=\"__1 _6\"></span>.474<span class=\"__1 _6\"></span>   <span class=\"__1 _53\"> </span>  1<span class=\"__1 _6\"></span>.298<span class=\"__1 _6\"></span>.819<span class=\"__1 _6\"></span>   <span class=\"__1 _12f\"> </span>  6<span class=\"__1 _6\"></span>60<span class=\"__1 _6\"></span>.137<span class=\"__1 _6\"></span>   <span class=\"__1 _5c\"> </span><span class=\"lsbe\">          (17<span class=\"__1 _6\"></span>8.752<span class=\"__1 _6\"></span>)   <span class=\"__1 _fb\"> </span></span>  1.78<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.204<span class=\"__1 _1bc\"> </span>(*) Se<span class=\"__1 _5\"></span> i<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>uye e<span class=\"__1 _5\"></span>n es<span class=\"__1 _6\"></span>te<span class=\"__1 _5\"></span> negoci<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span> el<span class=\"__1 _6\"></span> negoci<span class=\"__1 _8\"></span>o de gas<span class=\"__1 _8\"></span> renova<span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>e (bi<span class=\"__1 _8\"></span>ome<span class=\"__1 _70\"></span>ta<span class=\"__1 _6\"></span>no<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span>ENCE<span class=\"__1 _6\"></span> E<span class=\"__1 _6\"></span>NERG\u00cdA Y CELULOSA<span class=\"__1 _5\"></span>, S.A<span class=\"__1 _5\"></span>. Y SOCIED<span class=\"__1 _6\"></span>ADES D<span class=\"__1 _6\"></span>EP<span class=\"__1 _6\"></span>ENDIENTES<span class=\"__1 _1bc\"> </span>EST<span class=\"__1 _70\"></span>ADO<span class=\"__1 _6\"></span>S D<span class=\"__1 _6\"></span>E SITUA<span class=\"__1 _5\"></span>CI\u00d3<span class=\"__1 _6\"></span>N FI<span class=\"__1 _6\"></span>NANCIERA CONSOLI<span class=\"__1 _6\"></span>DADO<span class=\"__1 _6\"></span>S PO<span class=\"__1 _6\"></span>R NEGO<span class=\"__1 _6\"></span>CIO<span class=\"__1 _6\"></span>S AL 31<span class=\"__1 _6\"></span> DE DI<span class=\"__1 _6\"></span>CI<span class=\"__1 _6\"></span>EMBR<span class=\"__1 _6\"></span>E DE 20<span class=\"__1 _6\"></span>23<span class=\"__1 _6\"></span> Y <span class=\"__1 _6\"></span>20<span class=\"__1 _6\"></span>22<span class=\"__1 _1bc\"> </span>2022<span class=\"__1 _1bc\"> </span>2023<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es d<span class=\"__1 _6\"></span>e E<span class=\"__1 _70\"></span>u<span class=\"__1 _6\"></span>ro<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _6\"></span>gocio<span class=\"__1 _1bc\"> </span>Celulosa<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _6\"></span>gocio<span class=\"__1 _1bc\"> </span>Renovabl<span class=\"__1 _5\"></span>es (**<span class=\"__1 _5\"></span>)<span class=\"__1 _1bc\"> </span>Ajustes y<span class=\"__1 _1bc\"> </span>Eli<span class=\"__1 _5\"></span>minac<span class=\"__1 _5\"></span>iones<span class=\"__1 _1bc\"> </span>TOT<span class=\"__1 _5\"></span>AL<span class=\"__1 _1bc\"> </span>CON<span class=\"__1 _6\"></span>SOL<span class=\"__1 _6\"></span>ID<span class=\"__1 _5\"></span>ADO<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _6\"></span>gocio<span class=\"__1 _1bc\"> </span>Celulosa<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _6\"></span>gocio<span class=\"__1 _1bc\"> </span>Renovabl<span class=\"__1 _5\"></span>es (**<span class=\"__1 _5\"></span>)<span class=\"__1 _1bc\"> </span>Ajustes y<span class=\"__1 _1bc\"> </span>Eli<span class=\"__1 _5\"></span>minac<span class=\"__1 _5\"></span>iones<span class=\"__1 _1bc\"> </span>TOT<span class=\"__1 _5\"></span>AL<span class=\"__1 _1bc\"> </span>CON<span class=\"__1 _6\"></span>SOL<span class=\"__1 _6\"></span>ID<span class=\"__1 _5\"></span>ADO<span class=\"__1 _1bc\"> </span>Ope<span class=\"__1 _6\"></span>raci<span class=\"__1 _5\"></span>ones continuadas<span class=\"__1 _5\"></span>:<span class=\"__1 _1bc\"> </span>I<span class=\"__1 _6\"></span>ngr<span class=\"__1 _6\"></span>eso<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> or<span class=\"__1 _6\"></span>di<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>os  62<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.19<span class=\"__1 _6\"></span>1   <span class=\"__1 _12c\"> </span>  20<span class=\"__1 _6\"></span>9.1<span class=\"__1 _6\"></span>42<span class=\"__1 _6\"></span>   <span class=\"__1 _cb\"> </span><span class=\"lsc0\">             (2<span class=\"__1 _6\"></span>.73<span class=\"__1 _6\"></span>0)   <span class=\"__1 _126\"> </span></span>  8<span class=\"__1 _6\"></span>29<span class=\"__1 _6\"></span>.60<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>   <span class=\"__1 _12\"> </span>  <span class=\"__1 _6\"></span>71<span class=\"__1 _6\"></span>2.8<span class=\"__1 _6\"></span>75<span class=\"__1 _6\"></span>   <span class=\"__1 _d2\"> </span>  2<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>4.3<span class=\"__1 _6\"></span>08<span class=\"__1 _6\"></span>   <span class=\"__1 _150\"> </span><span class=\"lsc0\">              (3<span class=\"__1 _6\"></span>.809<span class=\"__1 _6\"></span>)   <span class=\"__1 _187\"> </span></span>  1.0<span class=\"__1 _6\"></span>03<span class=\"__1 _6\"></span>.37<span class=\"__1 _6\"></span>4<span class=\"__1 _1bc\"> </span>Resul<span class=\"__1 _8\"></span>ta<span class=\"__1 _6\"></span>do po<span class=\"__1 _6\"></span>r o<span class=\"__1 _6\"></span>pera<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> de cob<span class=\"__1 _6\"></span>ertura                 (37<span class=\"__1 _6\"></span>8)   <span class=\"__1 _150\"> </span>                        -   <span class=\"__1 _150\"> </span>                         -   <span class=\"__1 _c9\"> </span>                 (3<span class=\"__1 _6\"></span>78<span class=\"__1 _6\"></span>)   <span class=\"__1 _12c\"> </span>          (2<span class=\"__1 _6\"></span>0.34<span class=\"__1 _6\"></span>3)   <span class=\"__1 _cd\"> </span>                         -   <span class=\"__1 _c9\"> </span>                         -   <span class=\"__1 _c9\"> </span>           (2<span class=\"__1 _6\"></span>0.34<span class=\"__1 _6\"></span>3) Var<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>\u00f3n d<span class=\"__1 _6\"></span>e e<span class=\"__1 _70\"></span>x<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>te<span class=\"__1 _5\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> de pr<span class=\"__1 _6\"></span>oduc<span class=\"__1 _6\"></span>tos<span class=\"__1 _6\"></span> termi<span class=\"__1 _6\"></span>na<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>os<span class=\"__1 _6\"></span> y<span class=\"__1 _6\"></span> en cur<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>o de fa<span class=\"__1 _6\"></span>br<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n <span class=\"__1 _5a\"> </span><span class=\"lsc0\">           (1<span class=\"__1 _6\"></span>0.22<span class=\"__1 _6\"></span>9)   <span class=\"__1 _150\"> </span>          (1<span class=\"__1 _6\"></span>0.42<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>)   <span class=\"__1 _150\"> </span>                         -   <span class=\"__1 _150\"> </span>            (20.65<span class=\"__1 _6\"></span>6)   <span class=\"__1 _4a\"> </span></span>  3<span class=\"__1 _6\"></span>.56<span class=\"__1 _6\"></span>7   <span class=\"__1 _cd\"> </span><span class=\"lsc0\">                         -   <span class=\"__1 _c9\"> </span>                         -   <span class=\"__1 _b\"> </span></span>  3<span class=\"__1 _6\"></span>.567<span class=\"__1 _1bc\"> </span>Tra<span class=\"__1 _6\"></span>ba<span class=\"__1 _8\"></span>j<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> e<span class=\"__1 _5\"></span>fectua<span class=\"__1 _6\"></span>dos<span class=\"__1 _8\"></span> por<span class=\"__1 _6\"></span> el<span class=\"__1 _6\"></span> Gru<span class=\"__1 _6\"></span>po pa<span class=\"__1 _8\"></span>ra<span class=\"__1 _6\"></span> s<span class=\"__1 _8\"></span>u i<span class=\"__1 _8\"></span>nmovi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>za<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>o  9.7<span class=\"__1 _6\"></span>38<span class=\"__1 _6\"></span>   <span class=\"__1 _8d\"> </span>  <span class=\"__1 _6\"></span>2.01<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>   <span class=\"__1 _150\"> </span><span class=\"lsc0\">                         -   <span class=\"__1 _49\"> </span></span>  1<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.753<span class=\"__1 _6\"></span>   <span class=\"__1 _4a\"> </span>  5<span class=\"__1 _6\"></span>.85<span class=\"__1 _6\"></span>9  <span class=\"__1 _6\"></span> <span class=\"__1 _18\"> </span>  9<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>   <span class=\"__1 _c9\"> </span><span class=\"lsc0\">                         -   <span class=\"__1 _b\"> </span></span>  5<span class=\"__1 _6\"></span>.95<span class=\"__1 _6\"></span>7<span class=\"__1 _1bc\"> </span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>ngres<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> de e<span class=\"__1 _5\"></span>xp<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>ota<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n  14<span class=\"__1 _6\"></span>.29<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>   <span class=\"__1 _8d\"> </span>  1<span class=\"__1 _6\"></span>.59<span class=\"__1 _6\"></span>8 <span class=\"__1 _6\"></span>  <span class=\"__1 _cb\"> </span><span class=\"lsc0\">             (1.21<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>)   <span class=\"__1 _49\"> </span></span>  1<span class=\"__1 _6\"></span>4.6<span class=\"__1 _6\"></span>70<span class=\"__1 _6\"></span>   <span class=\"__1 _16\"> </span>  1<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.20<span class=\"__1 _6\"></span>1   <span class=\"__1 _b\"> </span> <span class=\"__1 _6\"></span> 2.00<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>   <span class=\"__1 _150\"> </span><span class=\"lsc0\">              (1<span class=\"__1 _6\"></span>.211<span class=\"__1 _6\"></span>)   <span class=\"__1 _153\"> </span></span>  1<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.99<span class=\"__1 _6\"></span>9 Subvenc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>nes<span class=\"__1 _6\"></span> de ca<span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span> tra<span class=\"__1 _6\"></span>ns<span class=\"__1 _8\"></span>fe<span class=\"__1 _5\"></span>ri<span class=\"__1 _8\"></span>da<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> a<span class=\"__1 _6\"></span> r<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>ul<span class=\"__1 _8\"></span>tados  7.7<span class=\"__1 _6\"></span>92<span class=\"__1 _6\"></span>   <span class=\"__1 _8d\"> </span>  <span class=\"__1 _6\"></span>1.58<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>   <span class=\"__1 _150\"> </span><span class=\"lsc0\">                         -   <span class=\"__1 _12f\"> </span></span>  9<span class=\"__1 _6\"></span>.37<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>   <span class=\"__1 _4a\"> </span>  7.57<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>   <span class=\"__1 _b\"> </span>  2<span class=\"__1 _6\"></span>.19<span class=\"__1 _6\"></span>7   <span class=\"__1 _cd\"> </span><span class=\"lsc0\">                         -   <span class=\"__1 _14d\"> </span></span> <span class=\"__1 _6\"></span> 9.77<span class=\"__1 _6\"></span>1<span class=\"__1 _1bc\"> </span>Subtotal<span class=\"__1 _8\"></span> I<span class=\"__1 _6\"></span>ngr<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>os<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de E<span class=\"__1 _5\"></span>xpl<span class=\"__1 _8\"></span>ota<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>\u00f3<span class=\"__1 _6\"></span>n<span class=\"__1 _104\"> </span>  6<span class=\"__1 _6\"></span>44<span class=\"__1 _6\"></span>.40<span class=\"__1 _6\"></span>4   <span class=\"__1 _12c\"> </span>  20<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.914<span class=\"__1 _6\"></span>   <span class=\"__1 _c9\"> </span><span class=\"lsc0\">             (3.948<span class=\"__1 _6\"></span>)   <span class=\"__1 _126\"> </span></span>  84<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>.37<span class=\"__1 _6\"></span>0   <span class=\"__1 _fb\"> </span>  7<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>2.73<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>   <span class=\"__1 _d2\"> </span>  2<span class=\"__1 _6\"></span>98<span class=\"__1 _6\"></span>.61<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>   <span class=\"__1 _150\"> </span><span class=\"lsc0\">              (5.02<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)   <span class=\"__1 _187\"> </span></span>  1.01<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.32<span class=\"__1 _6\"></span>5 Aprovi<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ona<span class=\"__1 _6\"></span>mi<span class=\"__1 _6\"></span>entos         (35<span class=\"__1 _6\"></span>1.49<span class=\"__1 _6\"></span>5)   <span class=\"__1 _150\"> </span>          (6<span class=\"__1 _6\"></span>8.12<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>)   <span class=\"__1 _80\"> </span><span class=\"ls0_1\">  2<span class=\"__1 _6\"></span>.73<span class=\"__1 _6\"></span>0   <span class=\"__1 _cd\"> </span></span>         (41<span class=\"__1 _6\"></span>6.88<span class=\"__1 _6\"></span>8)   <span class=\"__1 _113\"> </span>       (31<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.319<span class=\"__1 _6\"></span>)   <span class=\"__1 _c9\"> </span>           (9<span class=\"__1 _6\"></span>2.74<span class=\"__1 _6\"></span>5)   <span class=\"__1 _b\"> </span><span class=\"ls0_1\">  3<span class=\"__1 _6\"></span>.80<span class=\"__1 _6\"></span>8 <span class=\"__1 _6\"></span>  <span class=\"__1 _cb\"> </span></span>         (40<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.256<span class=\"__1 _6\"></span>) Gas<span class=\"__1 _8\"></span>tos<span class=\"__1 _6\"></span> de pers<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>na<span class=\"__1 _6\"></span>l           (83<span class=\"__1 _6\"></span>.281<span class=\"__1 _6\"></span>)   <span class=\"__1 _150\"> </span>          (20<span class=\"__1 _6\"></span>.691<span class=\"__1 _6\"></span>)   <span class=\"__1 _150\"> </span>                         -   <span class=\"__1 _c9\"> </span>         (1<span class=\"__1 _6\"></span>03<span class=\"__1 _6\"></span>.972<span class=\"__1 _6\"></span>)   <span class=\"__1 _12c\"> </span>          (7<span class=\"__1 _6\"></span>5.38<span class=\"__1 _6\"></span>8)   <span class=\"__1 _cd\"> </span>           (17<span class=\"__1 _6\"></span>.803<span class=\"__1 _6\"></span>)   <span class=\"__1 _c9\"> </span>                         -   <span class=\"__1 _c9\"> </span>           (9<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.191<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span>Dotac<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n a<span class=\"__1 _8\"></span> l<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span> a<span class=\"__1 _8\"></span>morti<span class=\"__1 _6\"></span>za<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>\u00f3<span class=\"__1 _6\"></span>n del<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>nmovi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>za<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>o           (55<span class=\"__1 _6\"></span>.593<span class=\"__1 _6\"></span>)   <span class=\"__1 _150\"> </span>          (39<span class=\"__1 _6\"></span>.115<span class=\"__1 _6\"></span>)   <span class=\"__1 _80\"> </span><span class=\"ls0_1\">  1<span class=\"__1 _6\"></span>.62<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>   <span class=\"__1 _150\"> </span></span>            (93<span class=\"__1 _6\"></span>.088<span class=\"__1 _6\"></span>)   <span class=\"__1 _12c\"> </span>          (5<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.071<span class=\"__1 _6\"></span>)   <span class=\"__1 _c9\"> </span>           (4<span class=\"__1 _6\"></span>0.22<span class=\"__1 _6\"></span>1)   <span class=\"__1 _a2\"> </span><span class=\"ls0_1\">  9<span class=\"__1 _6\"></span>22<span class=\"__1 _6\"></span>   <span class=\"__1 _cd\"> </span></span>           (91.37<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span>Ag<span class=\"__1 _5\"></span>otami<span class=\"__1 _6\"></span>ento de l<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span> r<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>erva<span class=\"__1 _6\"></span> fo<span class=\"__1 _6\"></span>res<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>l             (8.79<span class=\"__1 _6\"></span>7)   <span class=\"__1 _150\"> </span>                        -   <span class=\"__1 _150\"> </span>                         -   <span class=\"__1 _cb\"> </span>              (8.79<span class=\"__1 _6\"></span>7)   <span class=\"__1 _159\"> </span>            (6.96<span class=\"__1 _6\"></span>0)   <span class=\"__1 _cd\"> </span>                   (30<span class=\"__1 _6\"></span>)   <span class=\"__1 _c9\"> </span>                         -   <span class=\"__1 _150\"> </span>              (6.99<span class=\"__1 _6\"></span>0)<span class=\"__1 _1bc\"> </span>Det<span class=\"__1 _70\"></span>eri<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span>os<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de va<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span> y <span class=\"__1 _6\"></span>res<span class=\"__1 _6\"></span>ul<span class=\"__1 _8\"></span>tad<span class=\"__1 _6\"></span>os<span class=\"__1 _6\"></span> p<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span> ena<span class=\"__1 _6\"></span>j<span class=\"__1 _6\"></span>ena<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>\u00f3n<span class=\"__1 _6\"></span> del<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>nmovi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>za<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>o                 (96<span class=\"__1 _6\"></span>7)   <span class=\"__1 _8d\"> </span><span class=\"ls0_1\"> <span class=\"__1 _6\"></span> 8.79<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>   <span class=\"__1 _150\"> </span></span>                         -   <span class=\"__1 _12f\"> </span><span class=\"ls0_1\">  7<span class=\"__1 _6\"></span>.82<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>   <span class=\"__1 _12\"> </span>  <span class=\"__1 _6\"></span>18<span class=\"__1 _6\"></span>4.5<span class=\"__1 _6\"></span>03<span class=\"__1 _6\"></span>   <span class=\"__1 _cd\"> </span></span>           (41<span class=\"__1 _6\"></span>.335<span class=\"__1 _6\"></span>)   <span class=\"__1 _25\"> </span><span class=\"ls0_1\">  7<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>8  <span class=\"__1 _6\"></span> <span class=\"__1 _d2\"> </span>  14<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.896<span class=\"__1 _6\"></span> </span>Det<span class=\"__1 _70\"></span>eri<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span>o de va<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>or <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>ob<span class=\"__1 _6\"></span>re a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vos<span class=\"__1 _8\"></span> fi<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>ro<span class=\"__1 _6\"></span>s             (1.05<span class=\"__1 _6\"></span>1)   <span class=\"__1 _cd\"> </span>               (126<span class=\"__1 _6\"></span>)   <span class=\"__1 _150\"> </span>                         -   <span class=\"__1 _cb\"> </span>              (1.17<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>)   <span class=\"__1 _1ab\"> </span><span class=\"ls0_1\">  1<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>1   <span class=\"__1 _150\"> </span></span>                      (8<span class=\"__1 _6\"></span>)   <span class=\"__1 _c9\"> </span>                         -   <span class=\"__1 _a2\"> </span><span class=\"ls0_1\">  1<span class=\"__1 _6\"></span>83<span class=\"__1 _1bc\"> </span></span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> ga<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>tos<span class=\"__1 _6\"></span> de e<span class=\"__1 _5\"></span>xp<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>ota<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n         (15<span class=\"__1 _6\"></span>8.73<span class=\"__1 _6\"></span>3)   <span class=\"__1 _150\"> </span>          (7<span class=\"__1 _6\"></span>2.73<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>)   <span class=\"__1 _80\"> </span><span class=\"ls0_1\">  1<span class=\"__1 _6\"></span>.22<span class=\"__1 _6\"></span>0   <span class=\"__1 _cd\"> </span></span>         (23<span class=\"__1 _6\"></span>0.25<span class=\"__1 _6\"></span>1)   <span class=\"__1 _113\"> </span>       (21<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.366<span class=\"__1 _6\"></span>)   <span class=\"__1 _c9\"> </span>           (7<span class=\"__1 _6\"></span>8.20<span class=\"__1 _6\"></span>8)   <span class=\"__1 _b\"> </span><span class=\"ls0_1\">  1<span class=\"__1 _6\"></span>.21<span class=\"__1 _6\"></span>1 <span class=\"__1 _6\"></span>  <span class=\"__1 _cb\"> </span></span>         (29<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.363<span class=\"__1 _6\"></span>) Subtotal<span class=\"__1 _8\"></span> Ga<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>tos<span class=\"__1 _8\"></span> de E<span class=\"__1 _5\"></span>xpl<span class=\"__1 _8\"></span>ota<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>\u00f3n<span class=\"__1 _138\"> </span><span class=\"lsc0\">         (6<span class=\"__1 _6\"></span>59<span class=\"__1 _6\"></span>.917<span class=\"__1 _6\"></span>)   <span class=\"__1 _c9\"> </span>       (1<span class=\"__1 _6\"></span>92<span class=\"__1 _6\"></span>.003<span class=\"__1 _6\"></span>)   <span class=\"__1 _80\"> </span></span>  <span class=\"__1 _6\"></span>5.57<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>   <span class=\"__1 _c9\"> </span><span class=\"lsc0\">         (8<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>6.35<span class=\"__1 _6\"></span>0)   <span class=\"__1 _113\"> </span>       (47<span class=\"__1 _6\"></span>4.41<span class=\"__1 _6\"></span>0)   <span class=\"__1 _c9\"> </span>         (270<span class=\"__1 _6\"></span>.350<span class=\"__1 _6\"></span>)   <span class=\"__1 _b\"> </span></span>  6<span class=\"__1 _6\"></span>.669<span class=\"__1 _6\"></span>   <span class=\"__1 _c9\"> </span><span class=\"lsc0\">         (738<span class=\"__1 _6\"></span>.091<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>BE<span class=\"__1 _5\"></span>NEFICI<span class=\"__1 _5\"></span>O/ <span class=\"__1 _6\"></span>(P\u00c9R<span class=\"__1 _5\"></span>DI<span class=\"__1 _5\"></span>DA) DE<span class=\"__1 _5\"></span> EXPLOTACI\u00d3N           (15<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>51<span class=\"__1 _6\"></span>3)   <span class=\"__1 _33\"> </span><span class=\"ls0_1\">  11<span class=\"__1 _6\"></span>.911<span class=\"__1 _6\"></span>   <span class=\"__1 _f9\"> </span>  1.622<span class=\"__1 _6\"></span>   <span class=\"__1 _cb\"> </span></span>              (1<span class=\"__1 _6\"></span>.980)   <span class=\"__1 _fb\"> </span><span class=\"ls0_1\">  24<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.323<span class=\"__1 _6\"></span>   <span class=\"__1 _49\"> </span>  28<span class=\"__1 _6\"></span>.262<span class=\"__1 _6\"></span>   <span class=\"__1 _b\"> </span>  1<span class=\"__1 _6\"></span>.649<span class=\"__1 _6\"></span>   <span class=\"__1 _d2\"> </span>  2<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>8.23<span class=\"__1 _6\"></span>4<span class=\"__1 _1bc\"> </span></span>Ing<span class=\"__1 _5\"></span>re<span class=\"__1 _6\"></span>sos fina<span class=\"__1 _70\"></span>ncier<span class=\"__1 _6\"></span>os-<span class=\"__1 _1bc\"> </span>De val<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>negoci<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span> y o<span class=\"__1 _6\"></span>tros<span class=\"__1 _8\"></span> i<span class=\"__1 _6\"></span>ns<span class=\"__1 _8\"></span>trume<span class=\"__1 _5\"></span>ntos<span class=\"__1 _6\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>eros     De e<span class=\"__1 _5\"></span>mpres<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>del<span class=\"__1 _6\"></span> Grup<span class=\"__1 _6\"></span>o y a<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>oc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>da<span class=\"__1 _6\"></span>s  78<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>   <span class=\"__1 _97\"> </span>  29<span class=\"__1 _6\"></span>   <span class=\"__1 _cd\"> </span><span class=\"lsc0\">                (787<span class=\"__1 _6\"></span>)   <span class=\"__1 _6e\"> </span></span>  29 <span class=\"__1 _6\"></span>  <span class=\"__1 _af\"> </span> <span class=\"__1 _6\"></span> 1.0<span class=\"__1 _6\"></span>22<span class=\"__1 _6\"></span>   <span class=\"__1 _cd\"> </span><span class=\"lsc0\">                         -   <span class=\"__1 _ca\"> </span>              (1<span class=\"__1 _6\"></span>.022<span class=\"__1 _6\"></span>)   <span class=\"__1 _c9\"> </span>                         -<span class=\"__1 _1bc\"> </span></span>De t<span class=\"__1 _70\"></span>erc<span class=\"__1 _6\"></span>eros  5.5<span class=\"__1 _6\"></span>98<span class=\"__1 _6\"></span>   <span class=\"__1 _5a\"> </span>  <span class=\"__1 _6\"></span>93<span class=\"__1 _6\"></span>5 <span class=\"__1 _6\"></span>  <span class=\"__1 _150\"> </span><span class=\"lsc0\">                         -   <span class=\"__1 _12f\"> </span></span>  6<span class=\"__1 _6\"></span>.53<span class=\"__1 _6\"></span>3   <span class=\"__1 _f\"> </span>  <span class=\"__1 _6\"></span>89<span class=\"__1 _6\"></span>6 <span class=\"__1 _6\"></span>  <span class=\"__1 _25\"> </span>  1<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>2  <span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span><span class=\"lsc0\">                         -   <span class=\"__1 _b\"> </span></span>  1<span class=\"__1 _6\"></span>.088<span class=\"__1 _1bc\"> </span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>ngres<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> fi<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>eros  29<span class=\"__1 _6\"></span>   <span class=\"__1 _150\"> </span><span class=\"lsc0\">                        -   <span class=\"__1 _150\"> </span>                         -   <span class=\"__1 _6e\"> </span></span>  29   <span class=\"__1 _158\"> </span><span class=\"lsc0\">                        -   <span class=\"__1 _c9\"> </span>                         -   <span class=\"__1 _c9\"> </span>                         -   <span class=\"__1 _c9\"> </span>                         -<span class=\"__1 _1bc\"> </span></span>Ga<span class=\"__1 _5\"></span>stos fina<span class=\"__1 _5\"></span>ncieros-<span class=\"__1 _1bc\"> </span>Por<span class=\"__1 _6\"></span> deuda<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> c<span class=\"__1 _6\"></span>on em<span class=\"__1 _5\"></span>pr<span class=\"__1 _6\"></span>esa<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> del<span class=\"__1 _6\"></span> Gr<span class=\"__1 _6\"></span>upo <span class=\"__1 _6\"></span>y a<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>oci<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>da<span class=\"__1 _8\"></span>s                         -   <span class=\"__1 _cb\"> </span>            (1.32<span class=\"__1 _6\"></span>5)   <span class=\"__1 _103\"> </span><span class=\"ls0_1\">  7<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>7  <span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span></span>                 (5<span class=\"__1 _6\"></span>38<span class=\"__1 _6\"></span>)   <span class=\"__1 _12c\"> </span>                        -   <span class=\"__1 _150\"> </span>              (2.03<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>)   <span class=\"__1 _14d\"> </span><span class=\"ls0_1\">  <span class=\"__1 _6\"></span>1.02<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>   <span class=\"__1 _150\"> </span></span>              (1.00<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span>Por<span class=\"__1 _6\"></span> deuda<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> c<span class=\"__1 _6\"></span>on terceros           (23<span class=\"__1 _6\"></span>.781<span class=\"__1 _6\"></span>)   <span class=\"__1 _150\"> </span>          (12<span class=\"__1 _6\"></span>.465<span class=\"__1 _6\"></span>)   <span class=\"__1 _150\"> </span>                         -   <span class=\"__1 _150\"> </span>            (36<span class=\"__1 _6\"></span>.246<span class=\"__1 _6\"></span>)   <span class=\"__1 _12c\"> </span>          (1<span class=\"__1 _6\"></span>1.82<span class=\"__1 _6\"></span>3)   <span class=\"__1 _cd\"> </span>           (14<span class=\"__1 _6\"></span>.512<span class=\"__1 _6\"></span>)   <span class=\"__1 _c9\"> </span>                         -   <span class=\"__1 _c9\"> </span>           (2<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.335<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span>Var<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>\u00f3n en el<span class=\"__1 _6\"></span> va<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span> r<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>zona<span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>e de i<span class=\"__1 _6\"></span>ns<span class=\"__1 _8\"></span>trume<span class=\"__1 _5\"></span>ntos<span class=\"__1 _6\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>eros                         -   <span class=\"__1 _150\"> </span>                        -   <span class=\"__1 _ca\"> </span>                         -   <span class=\"__1 _150\"> </span>                          -   <span class=\"__1 _12c\"> </span>                        -   <span class=\"__1 _a2\"> </span><span class=\"ls0_1\">  30<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>   <span class=\"__1 _c9\"> </span></span>                         -   <span class=\"__1 _a2\"> </span><span class=\"ls0_1\">  3<span class=\"__1 _6\"></span>01<span class=\"__1 _1bc\"> </span></span>Di<span class=\"__1 _6\"></span>ferenc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> de ca<span class=\"__1 _6\"></span>mbi<span class=\"__1 _8\"></span>o                 (94<span class=\"__1 _6\"></span>7)   <span class=\"__1 _97\"> </span><span class=\"ls0_1\">  1<span class=\"__1 _6\"></span>5   <span class=\"__1 _150\"> </span></span>                         -   <span class=\"__1 _cd\"> </span>                 (93<span class=\"__1 _6\"></span>2)   <span class=\"__1 _4a\"> </span><span class=\"ls0_1\">  1.3<span class=\"__1 _6\"></span>60<span class=\"__1 _6\"></span>   <span class=\"__1 _cd\"> </span></span>                   (45<span class=\"__1 _6\"></span>)   <span class=\"__1 _c9\"> </span>                         -   <span class=\"__1 _b\"> </span><span class=\"ls0_1\">  1.3<span class=\"__1 _6\"></span>15<span class=\"__1 _6\"></span> </span>Det<span class=\"__1 _70\"></span>eri<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span>o y r<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>ul<span class=\"__1 _8\"></span>tado<span class=\"__1 _6\"></span> por<span class=\"__1 _6\"></span> ena<span class=\"__1 _6\"></span>j<span class=\"__1 _6\"></span>ena<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>nes<span class=\"__1 _6\"></span> de i<span class=\"__1 _6\"></span>ns<span class=\"__1 _8\"></span>trume<span class=\"__1 _5\"></span>ntos<span class=\"__1 _6\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>eros                   (51<span class=\"__1 _6\"></span>)   <span class=\"__1 _150\"> </span>                        -   <span class=\"__1 _150\"> </span>                         -   <span class=\"__1 _ca\"> </span>                    (5<span class=\"__1 _6\"></span>1)   <span class=\"__1 _158\"> </span>                        -   <span class=\"__1 _c9\"> </span>                         -   <span class=\"__1 _c9\"> </span>                         -   <span class=\"__1 _c9\"> </span>                         -<span class=\"__1 _1bc\"> </span>RE<span class=\"__1 _5\"></span>SU<span class=\"__1 _5\"></span>LTADO FINAN<span class=\"__1 _6\"></span>CIE<span class=\"__1 _5\"></span>RO POSIT<span class=\"__1 _70\"></span>IVO/<span class=\"__1 _6\"></span> (N<span class=\"__1 _6\"></span>EGAT<span class=\"__1 _70\"></span>IVO)           (18<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>36<span class=\"__1 _6\"></span>5)   <span class=\"__1 _150\"> </span>          (12<span class=\"__1 _6\"></span>.811<span class=\"__1 _6\"></span>)   <span class=\"__1 _150\"> </span>                         -   <span class=\"__1 _150\"> </span>            (31.176<span class=\"__1 _6\"></span>)   <span class=\"__1 _158\"> </span>            (8<span class=\"__1 _6\"></span>.545)   <span class=\"__1 _cd\"> </span>           (16.09<span class=\"__1 _6\"></span>5)   <span class=\"__1 _c9\"> </span>                         -   <span class=\"__1 _cd\"> </span>           (24.640<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span>Resul<span class=\"__1 _8\"></span>ta<span class=\"__1 _6\"></span>do de s<span class=\"__1 _6\"></span>oc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>edad<span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>ntegra<span class=\"__1 _6\"></span>da<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> por<span class=\"__1 _6\"></span> el<span class=\"__1 _6\"></span> m\u00e9<span class=\"__1 _5\"></span>todo de l<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span> p<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>\u00f3n<span class=\"__1 _1b\"> </span><span class=\"lsc0\">                   (13<span class=\"__1 _6\"></span>)   <span class=\"__1 _150\"> </span>                        -   <span class=\"__1 _ca\"> </span>                         -   <span class=\"__1 _150\"> </span>                    (1<span class=\"__1 _6\"></span>3)   <span class=\"__1 _159\"> </span>                    (5)   <span class=\"__1 _c9\"> </span>                         -   <span class=\"__1 _c9\"> </span>                         -   <span class=\"__1 _150\"> </span>                      (5<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>BE<span class=\"__1 _5\"></span>NEFICI<span class=\"__1 _5\"></span>O/ <span class=\"__1 _6\"></span>(P\u00c9R<span class=\"__1 _5\"></span>DI<span class=\"__1 _5\"></span>DA) ANTES D<span class=\"__1 _5\"></span>E I<span class=\"__1 _70\"></span>MPUE<span class=\"__1 _5\"></span>STOS           (33<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>89<span class=\"__1 _6\"></span>1)   <span class=\"__1 _cd\"> </span>               (900<span class=\"__1 _6\"></span>)   <span class=\"__1 _80\"> </span><span class=\"ls0_1\">  1<span class=\"__1 _6\"></span>.622<span class=\"__1 _6\"></span>   <span class=\"__1 _150\"> </span></span>            (33<span class=\"__1 _6\"></span>.169<span class=\"__1 _6\"></span>)   <span class=\"__1 _12\"> </span><span class=\"ls0_1\">  2<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>9.77<span class=\"__1 _6\"></span>3  <span class=\"__1 _6\"></span> <span class=\"__1 _153\"> </span>  1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.167<span class=\"__1 _6\"></span>   <span class=\"__1 _b\"> </span>  1<span class=\"__1 _6\"></span>.649<span class=\"__1 _6\"></span>   <span class=\"__1 _d2\"> </span>  2<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>3.58<span class=\"__1 _6\"></span>9<span class=\"__1 _1bc\"> </span></span>I<span class=\"__1 _6\"></span>mpuesto s<span class=\"__1 _8\"></span>obr<span class=\"__1 _6\"></span>e be<span class=\"__1 _5\"></span>nefi<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>os  6.5<span class=\"__1 _6\"></span>82<span class=\"__1 _6\"></span>   <span class=\"__1 _8d\"> </span>  <span class=\"__1 _6\"></span>5.66<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>   <span class=\"__1 _c9\"> </span><span class=\"lsc0\">                (1<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>4)   <span class=\"__1 _49\"> </span></span> <span class=\"__1 _6\"></span> 12<span class=\"__1 _6\"></span>.09<span class=\"__1 _6\"></span>9 <span class=\"__1 _6\"></span>  <span class=\"__1 _4a\"> </span>  3.72<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>   <span class=\"__1 _150\"> </span><span class=\"lsc0\">              (8.24<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>)   <span class=\"__1 _cb\"> </span>                 (14<span class=\"__1 _6\"></span>3)   <span class=\"__1 _150\"> </span>              (4<span class=\"__1 _6\"></span>.663<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>BE<span class=\"__1 _5\"></span>NEFICI<span class=\"__1 _5\"></span>O/ <span class=\"__1 _6\"></span>(P\u00c9R<span class=\"__1 _5\"></span>DI<span class=\"__1 _5\"></span>DA) DE<span class=\"__1 _5\"></span>L EJER<span class=\"__1 _70\"></span>C<span class=\"__1 _6\"></span>ICI<span class=\"__1 _70\"></span>O<span class=\"__1 _6\"></span> PROCEDE<span class=\"__1 _5\"></span>NTE DE<span class=\"__1 _70\"></span> O<span class=\"__1 _6\"></span>PERACI<span class=\"__1 _70\"></span>O<span class=\"__1 _6\"></span>NES CON<span class=\"__1 _6\"></span>TI<span class=\"__1 _5\"></span>NUADAS           (27<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>30<span class=\"__1 _6\"></span>9)   <span class=\"__1 _8d\"> </span><span class=\"ls0_1\">  <span class=\"__1 _6\"></span>4.76<span class=\"__1 _6\"></span>1  <span class=\"__1 _6\"></span> <span class=\"__1 _80\"> </span>  1<span class=\"__1 _6\"></span>.478<span class=\"__1 _6\"></span>   <span class=\"__1 _150\"> </span></span>            (2<span class=\"__1 _6\"></span>1.070<span class=\"__1 _6\"></span>)   <span class=\"__1 _12\"> </span><span class=\"ls0_1\">  2<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>3.49<span class=\"__1 _6\"></span>6 <span class=\"__1 _6\"></span>  <span class=\"__1 _b\"> </span>  3<span class=\"__1 _6\"></span>.924<span class=\"__1 _6\"></span>   <span class=\"__1 _b\"> </span>  1<span class=\"__1 _6\"></span>.506<span class=\"__1 _6\"></span>   <span class=\"__1 _d2\"> </span>  2<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>8.92<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span></span>Resul<span class=\"__1 _8\"></span>ta<span class=\"__1 _6\"></span>do a<span class=\"__1 _6\"></span>tr<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>bu<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>o a<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>nte<span class=\"__1 _5\"></span>res<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span> mi<span class=\"__1 _6\"></span>no<span class=\"__1 _6\"></span>ri<span class=\"__1 _8\"></span>tar<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span> p<span class=\"__1 _6\"></span>ro<span class=\"__1 _6\"></span>cedente<span class=\"__1 _70\"></span> d<span class=\"__1 _6\"></span>e Opera<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>nes<span class=\"__1 _1bc\"> </span>co<span class=\"__1 _6\"></span>nti<span class=\"__1 _6\"></span>nua<span class=\"__1 _8\"></span>da<span class=\"__1 _6\"></span>s                         -   <span class=\"__1 _cb\"> </span>            (3.65<span class=\"__1 _6\"></span>0)   <span class=\"__1 _150\"> </span>                         -   <span class=\"__1 _cb\"> </span>              (3<span class=\"__1 _6\"></span>.650<span class=\"__1 _6\"></span>)   <span class=\"__1 _12c\"> </span>                        -   <span class=\"__1 _25\"> </span><span class=\"ls0_1\">  <span class=\"__1 _6\"></span>61<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>   <span class=\"__1 _150\"> </span></span>              (2.32<span class=\"__1 _6\"></span>4)   <span class=\"__1 _150\"> </span>              (1<span class=\"__1 _6\"></span>.706<span class=\"__1 _6\"></span>) BE<span class=\"__1 _5\"></span>NEFICI<span class=\"__1 _5\"></span>O/<span class=\"__1 _6\"></span>(P\u00c9R<span class=\"__1 _5\"></span>DI<span class=\"__1 _5\"></span>DA) DE<span class=\"__1 _5\"></span>L EJER<span class=\"__1 _70\"></span>C<span class=\"__1 _6\"></span>ICI<span class=\"__1 _70\"></span>O<span class=\"__1 _6\"></span> ATRI<span class=\"__1 _70\"></span>BUI<span class=\"__1 _70\"></span>BL<span class=\"__1 _6\"></span>E A LA SOC<span class=\"__1 _6\"></span>IE<span class=\"__1 _70\"></span>DAD DOMINANTE (*<span class=\"__1 _70\"></span>)           (27<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>30<span class=\"__1 _6\"></span>9)   <span class=\"__1 _8d\"> </span><span class=\"ls0_1\">  <span class=\"__1 _6\"></span>1.11<span class=\"__1 _6\"></span>1  <span class=\"__1 _6\"></span> <span class=\"__1 _80\"> </span>  1<span class=\"__1 _6\"></span>.478<span class=\"__1 _6\"></span>   <span class=\"__1 _150\"> </span></span>            (2<span class=\"__1 _6\"></span>4.720<span class=\"__1 _6\"></span>)   <span class=\"__1 _12\"> </span><span class=\"ls0_1\">  2<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>3.49<span class=\"__1 _6\"></span>6 <span class=\"__1 _6\"></span>  <span class=\"__1 _b\"> </span>  4<span class=\"__1 _6\"></span>.542<span class=\"__1 _6\"></span>   <span class=\"__1 _cb\"> </span></span>                 (81<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>)   <span class=\"__1 _d2\"> </span><span class=\"ls0_1\">  24<span class=\"__1 _6\"></span>7.22<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span></span>(*) In<span class=\"__1 _6\"></span>te<span class=\"__1 _70\"></span>gr<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>ment<span class=\"__1 _5\"></span>e proc<span class=\"__1 _6\"></span>ede<span class=\"__1 _5\"></span>nte<span class=\"__1 _5\"></span> de opera<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>nes<span class=\"__1 _6\"></span> c<span class=\"__1 _6\"></span>onti<span class=\"__1 _6\"></span>nu<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>da<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>(**<span class=\"__1 _70\"></span>) Se i<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>uy<span class=\"__1 _6\"></span>e e<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span> este ne<span class=\"__1 _5\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>o el<span class=\"__1 _6\"></span> n<span class=\"__1 _6\"></span>egoci<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span> de gas<span class=\"__1 _8\"></span> renova<span class=\"__1 _8\"></span>bl<span class=\"__1 _6\"></span>e (bi<span class=\"__1 _8\"></span>ome<span class=\"__1 _70\"></span>ta<span class=\"__1 _6\"></span>no<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span>ENCE<span class=\"__1 _6\"></span> E<span class=\"__1 _6\"></span>NERG\u00cdA Y CE<span class=\"__1 _6\"></span>LU<span class=\"__1 _5\"></span>LOSA<span class=\"__1 _5\"></span>, S.A<span class=\"__1 _5\"></span>. Y SOCIED<span class=\"__1 _6\"></span>ADE<span class=\"__1 _6\"></span>S DEP<span class=\"__1 _6\"></span>END<span class=\"__1 _6\"></span>IENTES<span class=\"__1 _1bc\"> </span>2023<span class=\"__1 _1bc\"> </span>EST<span class=\"__1 _70\"></span>ADO<span class=\"__1 _6\"></span> D<span class=\"__1 _6\"></span>E RESULT<span class=\"__1 _70\"></span>ADO<span class=\"__1 _6\"></span> CO<span class=\"__1 _6\"></span>NSOLI<span class=\"__1 _6\"></span>DADO<span class=\"__1 _6\"></span> PO<span class=\"__1 _6\"></span>R<span class=\"__1 _6\"></span> NEGOCI<span class=\"__1 _6\"></span>OS <span class=\"__1 _6\"></span>DE LOS EJERCI<span class=\"__1 _6\"></span>CI<span class=\"__1 _6\"></span>O<span class=\"__1 _6\"></span>S 20<span class=\"__1 _6\"></span>23<span class=\"__1 _6\"></span> Y <span class=\"__1 _6\"></span>20<span class=\"__1 _6\"></span>22<span class=\"__1 _1bc\"> </span>2022<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span> de Euros<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _6\"></span>gocio<span class=\"__1 _1bc\"> </span>Celulosa<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _6\"></span>gocio<span class=\"__1 _1bc\"> </span>Renovables (*<span class=\"__1 _5\"></span>)<span class=\"__1 _1bc\"> </span>Ajustes y<span class=\"__1 _1bc\"> </span>Eli<span class=\"__1 _5\"></span>minaci<span class=\"__1 _5\"></span>ones<span class=\"__1 _1bc\"> </span>TOT<span class=\"__1 _5\"></span>AL<span class=\"__1 _1bc\"> </span>CON<span class=\"__1 _6\"></span>SOLIDADO<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _6\"></span>gocio<span class=\"__1 _1bc\"> </span>Celulosa<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _6\"></span>gocio<span class=\"__1 _1bc\"> </span>Renovables (*<span class=\"__1 _5\"></span>)<span class=\"__1 _1bc\"> </span>Ajustes y<span class=\"__1 _1bc\"> </span>Eli<span class=\"__1 _5\"></span>minaci<span class=\"__1 _5\"></span>ones<span class=\"__1 _1bc\"> </span>TOT<span class=\"__1 _5\"></span>AL<span class=\"__1 _1bc\"> </span>CON<span class=\"__1 _6\"></span>SOLIDADO<span class=\"__1 _1bc\"> </span>FLUJOS DE<span class=\"__1 _5\"></span> EFECT<span class=\"__1 _70\"></span>IVO <span class=\"__1 _6\"></span>DE LAS ACTI<span class=\"__1 _5\"></span>VIDADE<span class=\"__1 _5\"></span>S DE E<span class=\"__1 _70\"></span>XPL<span class=\"__1 _6\"></span>OTACI\u00d3N:<span class=\"__1 _1bc\"> </span>Bene<span class=\"__1 _70\"></span>fi<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>o c<span class=\"__1 _6\"></span>ons<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>da<span class=\"__1 _6\"></span>do a<span class=\"__1 _6\"></span>ntes<span class=\"__1 _6\"></span> de i<span class=\"__1 _6\"></span>mpuestos<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e ac<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vi<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>des<span class=\"__1 _6\"></span> ord<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>na<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>as<span class=\"__1 _e1\"> </span>(33.8<span class=\"__1 _6\"></span>91<span class=\"__1 _6\"></span>)<span class=\"__1 _7e\"> </span>(9<span class=\"__1 _6\"></span>00<span class=\"__1 _6\"></span>)<span class=\"__1 _49\"> </span>  1<span class=\"__1 _6\"></span>.62<span class=\"__1 _6\"></span>2   <span class=\"__1 _aa\"> </span><span class=\"lsc2\">       (33<span class=\"__1 _6\"></span>.169<span class=\"__1 _6\"></span>)   <span class=\"__1 _12\"> </span></span>4<span class=\"__1 _6\"></span>1.74<span class=\"__1 _6\"></span>1 <span class=\"__1 _134\"> </span>12<span class=\"__1 _6\"></span>.67<span class=\"__1 _6\"></span>1 <span class=\"__1 _fb\"> </span>  1.2<span class=\"__1 _6\"></span>39<span class=\"__1 _6\"></span>   <span class=\"__1 _83\"> </span>  5<span class=\"__1 _6\"></span>5.6<span class=\"__1 _6\"></span>51<span class=\"__1 _6\"></span>  Ajus<span class=\"__1 _8\"></span>te<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> del<span class=\"__1 _6\"></span> res<span class=\"__1 _6\"></span>ul<span class=\"__1 _8\"></span>tado d<span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>efe<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>-   Am<span class=\"__1 _5\"></span>orti<span class=\"__1 _6\"></span>za<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>\u00f3<span class=\"__1 _6\"></span>n del<span class=\"__1 _6\"></span> i<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>movi<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>za<span class=\"__1 _6\"></span>do<span class=\"__1 _1bc\"> </span>64<span class=\"__1 _6\"></span>.390<span class=\"__1 _6\"></span> <span class=\"__1 _eb\"> </span>3<span class=\"__1 _6\"></span>9.11<span class=\"__1 _6\"></span>5 <span class=\"__1 _20\"> </span>(1<span class=\"__1 _6\"></span>.620<span class=\"__1 _6\"></span>)<span class=\"__1 _ff\"> </span>  1<span class=\"__1 _6\"></span>01<span class=\"__1 _6\"></span>.88<span class=\"__1 _6\"></span>5   <span class=\"__1 _fb\"> </span>2<span class=\"__1 _6\"></span>4.39<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _49\"> </span>19<span class=\"__1 _6\"></span>.99<span class=\"__1 _6\"></span>8 <span class=\"__1 _c4\"> </span><span class=\"lsc2\">                (5<span class=\"__1 _6\"></span>12<span class=\"__1 _6\"></span>)   <span class=\"__1 _83\"> </span></span>  4<span class=\"__1 _6\"></span>3.88<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>     Var<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3n pr<span class=\"__1 _6\"></span>ovi<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>ones<span class=\"__1 _6\"></span> y o<span class=\"__1 _6\"></span>tros<span class=\"__1 _6\"></span> ga<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>tos a<span class=\"__1 _8\"></span> di<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>tr<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>bui<span class=\"__1 _8\"></span>r (n<span class=\"__1 _6\"></span>et<span class=\"__1 _5\"></span>o) <span class=\"__1 _176\"> </span>5.57<span class=\"__1 _6\"></span>9 <span class=\"__1 _80\"> </span>2.63<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span> <span class=\"__1 _145\"> </span><span class=\"lsc2\">                  -   <span class=\"__1 _154\"> </span></span>  8<span class=\"__1 _6\"></span>.21<span class=\"__1 _6\"></span>6   <span class=\"__1 _12\"> </span>(2.41<span class=\"__1 _6\"></span>3)<span class=\"__1 _53\"> </span><span class=\"lsc3\">586 <span class=\"__1 _145\"> </span><span class=\"lsc2\">                        -   <span class=\"__1 _aa\"> </span>             (1.827)  </span></span>   Det<span class=\"__1 _5\"></span>eri<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>os<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de val<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span> y r<span class=\"__1 _6\"></span>esul<span class=\"__1 _8\"></span>tado<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> del<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>nmovi<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>zad<span class=\"__1 _6\"></span>o materi<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>, i<span class=\"__1 _6\"></span>nma<span class=\"__1 _6\"></span>te<span class=\"__1 _5\"></span>ri<span class=\"__1 _8\"></span>al<span class=\"__1 _8\"></span> y fi<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>ero<span class=\"__1 _ee\"> </span>1<span class=\"__1 _6\"></span>.171<span class=\"__1 _6\"></span> <span class=\"__1 _ab\"> </span>(8.7<span class=\"__1 _6\"></span>89<span class=\"__1 _6\"></span>)<span class=\"__1 _e9\"> </span><span class=\"lsc2\">                  -   <span class=\"__1 _aa\"> </span>         (7<span class=\"__1 _6\"></span>.618<span class=\"__1 _6\"></span>)   <span class=\"__1 _4d\"> </span></span>1.06<span class=\"__1 _6\"></span>0 <span class=\"__1 _49\"> </span>3<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.988<span class=\"__1 _6\"></span> <span class=\"__1 _c4\"> </span><span class=\"lsc2\">                (72<span class=\"__1 _6\"></span>7)   <span class=\"__1 _fc\"> </span></span>  37.3<span class=\"__1 _6\"></span>21<span class=\"__1 _6\"></span>     Val<span class=\"__1 _8\"></span>or <span class=\"__1 _6\"></span>de aj<span class=\"__1 _8\"></span>us<span class=\"__1 _6\"></span>te<span class=\"__1 _5\"></span> por<span class=\"__1 _6\"></span> des<span class=\"__1 _6\"></span>vi<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>ci<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>nes<span class=\"__1 _6\"></span> (me<span class=\"__1 _5\"></span>rc<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>do <span class=\"__1 _6\"></span>el\u00e9ctri<span class=\"__1 _8\"></span>co<span class=\"__1 _6\"></span>)<span class=\"__1 _1b4\"> </span>(7.97<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>)<span class=\"__1 _126\"> </span>(25.9<span class=\"__1 _6\"></span>84<span class=\"__1 _6\"></span>)<span class=\"__1 _e9\"> </span><span class=\"lsc2\">                  -   <span class=\"__1 _aa\"> </span>       (33.962<span class=\"__1 _6\"></span>)   <span class=\"__1 _7e\"> </span></span>  1<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>.417<span class=\"__1 _6\"></span>   <span class=\"__1 _159\"> </span>  1<span class=\"__1 _6\"></span>2.08<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>   <span class=\"__1 _b5\"> </span><span class=\"lsc2\">                        -   <span class=\"__1 _83\"> </span></span>  2<span class=\"__1 _6\"></span>6.49<span class=\"__1 _6\"></span>8     Ga<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>tos<span class=\"__1 _6\"></span> e i<span class=\"__1 _6\"></span>ngr<span class=\"__1 _6\"></span>esos<span class=\"__1 _8\"></span> fi<span class=\"__1 _6\"></span>na<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>eros<span class=\"__1 _6\"></span> (neto)<span class=\"__1 _1ae\"> </span>1<span class=\"__1 _6\"></span>7.6<span class=\"__1 _6\"></span>72<span class=\"__1 _6\"></span> <span class=\"__1 _eb\"> </span>12<span class=\"__1 _6\"></span>.81<span class=\"__1 _6\"></span>1 <span class=\"__1 _c7\"> </span><span class=\"lsc2\">                  -   <span class=\"__1 _d2\"> </span></span>  30.4<span class=\"__1 _6\"></span>83<span class=\"__1 _6\"></span>   <span class=\"__1 _4d\"> </span>2.88<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span> <span class=\"__1 _14d\"> </span>8<span class=\"__1 _6\"></span>.87<span class=\"__1 _6\"></span>3 <span class=\"__1 _c7\"> </span><span class=\"lsc2\">                        -   <span class=\"__1 _83\"> </span></span>  11<span class=\"__1 _6\"></span>.75<span class=\"__1 _6\"></span>4     Subvenc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>on<span class=\"__1 _6\"></span>es tra<span class=\"__1 _8\"></span>ns<span class=\"__1 _6\"></span>feri<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> a<span class=\"__1 _6\"></span> r<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>ul<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>dos<span class=\"__1 _8\"></span> <span class=\"__1 _13a\"> </span>(88<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>)<span class=\"__1 _7e\"> </span>(1<span class=\"__1 _6\"></span>41<span class=\"__1 _6\"></span>)<span class=\"__1 _e9\"> </span><span class=\"lsc2\">                  -   <span class=\"__1 _ab\"> </span></span>(1.02<span class=\"__1 _6\"></span>5)<span class=\"__1 _29\"> </span>(2<span class=\"__1 _6\"></span>54<span class=\"__1 _6\"></span>)<span class=\"__1 _a2\"> </span>(7<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>)<span class=\"__1 _e9\"> </span><span class=\"lsc2\">                        -   <span class=\"__1 _aa\"> </span>                (3<span class=\"__1 _6\"></span>25<span class=\"__1 _6\"></span>)  </span>79<span class=\"__1 _6\"></span>.950<span class=\"__1 _6\"></span> <span class=\"__1 _eb\"> </span>19<span class=\"__1 _6\"></span>.649<span class=\"__1 _6\"></span> <span class=\"__1 _c5\"> </span><span class=\"lsc2\">       (1.62<span class=\"__1 _6\"></span>0)   <span class=\"__1 _eb\"> </span></span>97<span class=\"__1 _6\"></span>.979<span class=\"__1 _6\"></span> <span class=\"__1 _97\"> </span>4<span class=\"__1 _6\"></span>0.08<span class=\"__1 _6\"></span>9 <span class=\"__1 _134\"> </span>78<span class=\"__1 _6\"></span>.455<span class=\"__1 _6\"></span> <span class=\"__1 _c5\"> </span><span class=\"lsc2\">             (1.23<span class=\"__1 _6\"></span>9)   <span class=\"__1 _8d\"> </span></span>11<span class=\"__1 _6\"></span>7.30<span class=\"__1 _6\"></span>5                 -   <span class=\"__1 _1b5\"> </span>                   -   <span class=\"__1 _18c\"> </span>                     -   <span class=\"__1 _1b5\"> </span>                    -  Cambios en e<span class=\"__1 _6\"></span>l ca<span class=\"__1 _70\"></span>pit<span class=\"__1 _6\"></span>al c<span class=\"__1 _5\"></span>ircula<span class=\"__1 _70\"></span>nt<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>-<span class=\"__1 _1bc\"> </span>Exi<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>tenci<span class=\"__1 _8\"></span>as<span class=\"__1 _1b6\"> </span>25<span class=\"__1 _6\"></span>.708<span class=\"__1 _6\"></span> <span class=\"__1 _14d\"> </span>(36<span class=\"__1 _6\"></span>9)<span class=\"__1 _e9\"> </span><span class=\"lsc2\">                  -   <span class=\"__1 _d2\"> </span></span>  2<span class=\"__1 _6\"></span>5.3<span class=\"__1 _6\"></span>39<span class=\"__1 _6\"></span>   <span class=\"__1 _4d\"> </span>8.56<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span> <span class=\"__1 _153\"> </span>(1<span class=\"__1 _6\"></span>.197<span class=\"__1 _6\"></span>)<span class=\"__1 _e9\"> </span><span class=\"lsc2\">                        -   <span class=\"__1 _117\"> </span></span>  7.36<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>  Deudores<span class=\"__1 _6\"></span> c<span class=\"__1 _6\"></span>ome<span class=\"__1 _5\"></span>rc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>y otra<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> cuentas<span class=\"__1 _8\"></span> a<span class=\"__1 _6\"></span> c<span class=\"__1 _6\"></span>obr<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _1b7\"> </span>13<span class=\"__1 _6\"></span>.855<span class=\"__1 _6\"></span> <span class=\"__1 _eb\"> </span>3<span class=\"__1 _6\"></span>3.88<span class=\"__1 _6\"></span>3 <span class=\"__1 _c7\"> </span>    (2<span class=\"__1 _6\"></span>7.32<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>)   <span class=\"__1 _d2\"> </span>  2<span class=\"__1 _6\"></span>0.41<span class=\"__1 _6\"></span>2 <span class=\"__1 _6\"></span>  <span class=\"__1 _b\"> </span>(23<span class=\"__1 _6\"></span>.17<span class=\"__1 _6\"></span>0)<span class=\"__1 _83\"> </span>(<span class=\"__1 _6\"></span>1.34<span class=\"__1 _6\"></span>5)<span class=\"__1 _187\"> </span><span class=\"lsc2\">                        -   <span class=\"__1 _58\"> </span>          (2<span class=\"__1 _6\"></span>4.51<span class=\"__1 _6\"></span>5)  </span>I<span class=\"__1 _6\"></span>nvers<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> fi<span class=\"__1 _6\"></span>na<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>era<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> y o<span class=\"__1 _6\"></span>tros<span class=\"__1 _6\"></span> a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vos<span class=\"__1 _8\"></span> cor<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>ente<span class=\"__1 _5\"></span>s<span class=\"__1 _13e\"> </span>1.76<span class=\"__1 _6\"></span>0 <span class=\"__1 _4d\"> </span>  2<span class=\"__1 _6\"></span>   <span class=\"__1 _b5\"> </span><span class=\"lsc2\">                  -   <span class=\"__1 _154\"> </span></span>  1<span class=\"__1 _6\"></span>.76<span class=\"__1 _6\"></span>2   <span class=\"__1 _23\"> </span><span class=\"lsc3\">638 <span class=\"__1 _c5\"> </span><span class=\"lsc2\">              (12)   <span class=\"__1 _b5\"> </span>                        -   <span class=\"__1 _a2\"> </span></span></span>  6<span class=\"__1 _6\"></span>26<span class=\"__1 _6\"></span>  Acreedores<span class=\"__1 _6\"></span> co<span class=\"__1 _6\"></span>me<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es, otra<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> cu<span class=\"__1 _6\"></span>ent<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> a<span class=\"__1 _6\"></span> p<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>ga<span class=\"__1 _6\"></span>r, y otra<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> deuda<span class=\"__1 _6\"></span>s<span class=\"__1 _df\"> </span>(66<span class=\"__1 _6\"></span>.059<span class=\"__1 _6\"></span>)<span class=\"__1 _126\"> </span>(86<span class=\"__1 _6\"></span>.88<span class=\"__1 _6\"></span>3)<span class=\"__1 _ff\"> </span>  2<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.324<span class=\"__1 _6\"></span>   <span class=\"__1 _b5\"> </span>    (1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>5.61<span class=\"__1 _6\"></span>8)<span class=\"__1 _6\"></span>   <span class=\"__1 _b\"> </span>(17<span class=\"__1 _6\"></span>.27<span class=\"__1 _6\"></span>6)<span class=\"__1 _125\"> </span>37<span class=\"__1 _6\"></span>.180<span class=\"__1 _6\"></span> <span class=\"__1 _145\"> </span><span class=\"lsc2\">                        -   <span class=\"__1 _83\"> </span></span> <span class=\"__1 _6\"></span> 19<span class=\"__1 _6\"></span>.904<span class=\"__1 _6\"></span>     (24<span class=\"__1 _6\"></span>.736<span class=\"__1 _6\"></span>)   <span class=\"__1 _1b5\"> </span>   <span class=\"__1 _6\"></span>  (53<span class=\"__1 _6\"></span>.367<span class=\"__1 _6\"></span>)   <span class=\"__1 _1b5\"> </span><span class=\"lsc2\">               (2<span class=\"__1 _6\"></span>)   <span class=\"__1 _1b5\"> </span>       (78.10<span class=\"__1 _6\"></span>5)   <span class=\"__1 _12c\"> </span>       (31.24<span class=\"__1 _6\"></span>2)   <span class=\"__1 _159\"> </span></span>  34<span class=\"__1 _6\"></span>.626<span class=\"__1 _6\"></span>   <span class=\"__1 _b5\"> </span><span class=\"lsc2\">                        -   <span class=\"__1 _7e\"> </span></span> <span class=\"__1 _6\"></span> 3.38<span class=\"__1 _6\"></span>4                   -   <span class=\"__1 _1b5\"> </span>                   -   <span class=\"__1 _18c\"> </span>                     -   <span class=\"__1 _1b5\"> </span>                    -  Ot<span class=\"__1 _6\"></span>ros flujos de efe<span class=\"__1 _6\"></span>ctivo de las a<span class=\"__1 _5\"></span>ctivida<span class=\"__1 _70\"></span>de<span class=\"__1 _6\"></span>s de<span class=\"__1 _6\"></span> explot<span class=\"__1 _6\"></span>ac<span class=\"__1 _5\"></span>i\u00f3n-   Pa<span class=\"__1 _6\"></span>gos<span class=\"__1 _8\"></span> de i<span class=\"__1 _6\"></span>nte<span class=\"__1 _5\"></span>res<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span> netos   (13<span class=\"__1 _6\"></span>.03<span class=\"__1 _6\"></span>2)  <span class=\"__1 _6\"></span> <span class=\"__1 _1b5\"> </span>     (1<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.158<span class=\"__1 _6\"></span>)   <span class=\"__1 _b5\"> </span><span class=\"lsc2\">                  -   <span class=\"__1 _1b5\"> </span>       (2<span class=\"__1 _6\"></span>6.19<span class=\"__1 _6\"></span>0)   <span class=\"__1 _158\"> </span>         (3.32<span class=\"__1 _6\"></span>8)   <span class=\"__1 _58\"> </span>        (9.76<span class=\"__1 _6\"></span>7)   <span class=\"__1 _b5\"> </span>                        -   <span class=\"__1 _b5\"> </span>          (13<span class=\"__1 _6\"></span>.095<span class=\"__1 _6\"></span>)  </span>   Pa<span class=\"__1 _6\"></span>gos<span class=\"__1 _8\"></span> por<span class=\"__1 _6\"></span> i<span class=\"__1 _6\"></span>mpues<span class=\"__1 _6\"></span>to s<span class=\"__1 _6\"></span>obr<span class=\"__1 _6\"></span>e bene<span class=\"__1 _70\"></span>fi<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>os  2.56<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>   <span class=\"__1 _58\"> </span><span class=\"lsc2\">       (9.207<span class=\"__1 _6\"></span>)   <span class=\"__1 _b5\"> </span>                  -   <span class=\"__1 _aa\"> </span>         (6<span class=\"__1 _6\"></span>.641<span class=\"__1 _6\"></span>)   <span class=\"__1 _158\"> </span>         (1.887<span class=\"__1 _6\"></span>)   <span class=\"__1 _aa\"> </span>        (2<span class=\"__1 _6\"></span>.457<span class=\"__1 _6\"></span>)   <span class=\"__1 _b5\"> </span>                        -   <span class=\"__1 _1b5\"> </span>             (4.34<span class=\"__1 _6\"></span>4)  </span>   Otr<span class=\"__1 _6\"></span>os<span class=\"__1 _6\"></span> c<span class=\"__1 _6\"></span>obr<span class=\"__1 _6\"></span>os<span class=\"__1 _6\"></span> (<span class=\"__1 _6\"></span>pa<span class=\"__1 _6\"></span>gos<span class=\"__1 _6\"></span>)                 -   <span class=\"__1 _1b5\"> </span>                   -   <span class=\"__1 _58\"> </span>                  -   <span class=\"__1 _1b5\"> </span>                     -   <span class=\"__1 _12c\"> </span>                     -   <span class=\"__1 _1b5\"> </span>                    -   <span class=\"__1 _b5\"> </span>                        -   <span class=\"__1 _b5\"> </span>                        -     (10<span class=\"__1 _6\"></span>.466<span class=\"__1 _6\"></span>)   <span class=\"__1 _1b5\"> </span>   <span class=\"__1 _6\"></span>  (22<span class=\"__1 _6\"></span>.365<span class=\"__1 _6\"></span>)   <span class=\"__1 _b5\"> </span><span class=\"lsc2\">                  -   <span class=\"__1 _1b5\"> </span>       (32<span class=\"__1 _6\"></span>.831<span class=\"__1 _6\"></span>)   <span class=\"__1 _12c\"> </span>         (5<span class=\"__1 _6\"></span>.215<span class=\"__1 _6\"></span>)   <span class=\"__1 _1b5\"> </span></span>      (12<span class=\"__1 _6\"></span>.224<span class=\"__1 _6\"></span>)   <span class=\"__1 _b5\"> </span><span class=\"lsc2\">                        -   <span class=\"__1 _b5\"> </span>          (17<span class=\"__1 _6\"></span>.439)  </span>                 -   <span class=\"__1 _1b5\"> </span>                   -   <span class=\"__1 _18c\"> </span><span class=\"ff4\">                     -   <span class=\"__1 _1b5\"> </span>                    -  </span>Flujos<span class=\"__1 _5\"></span> net<span class=\"__1 _6\"></span>os de<span class=\"__1 _6\"></span> efe<span class=\"__1 _6\"></span>ctivo de activida<span class=\"__1 _5\"></span>des de<span class=\"__1 _6\"></span> explot<span class=\"__1 _6\"></span>ac<span class=\"__1 _5\"></span>i\u00f3n<span class=\"__1 _114\"> </span>  10.85<span class=\"__1 _6\"></span>7   <span class=\"__1 _aa\"> </span>     (56<span class=\"__1 _6\"></span>.983<span class=\"__1 _6\"></span>)   <span class=\"__1 _b5\"> </span><span class=\"lsc2\">                  -   <span class=\"__1 _1b5\"> </span>       (4<span class=\"__1 _6\"></span>6.126<span class=\"__1 _6\"></span>)   <span class=\"__1 _7e\"> </span></span>  4<span class=\"__1 _6\"></span>5.37<span class=\"__1 _6\"></span>3   <span class=\"__1 _186\"> </span>  1<span class=\"__1 _6\"></span>13<span class=\"__1 _6\"></span>.528<span class=\"__1 _6\"></span>   <span class=\"__1 _b5\"> </span><span class=\"lsc2\">                        -   <span class=\"__1 _20\"> </span></span>  15<span class=\"__1 _6\"></span>8.90<span class=\"__1 _6\"></span>1  FLUJOS DE<span class=\"__1 _5\"></span> EFECT<span class=\"__1 _70\"></span>IVO <span class=\"__1 _6\"></span>DE LAS ACTI<span class=\"__1 _5\"></span>VIDADE<span class=\"__1 _5\"></span>S DE I<span class=\"__1 _70\"></span>N<span class=\"__1 _6\"></span>VERSI<span class=\"__1 _5\"></span>\u00d3N:<span class=\"__1 _1bc\"> </span>Pagos<span class=\"__1 _5\"></span> por inve<span class=\"__1 _6\"></span>rsiones:<span class=\"__1 _1bc\"> </span>Em<span class=\"__1 _5\"></span>pres<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> del Gr<span class=\"__1 _6\"></span>upo <span class=\"__1 _6\"></span>y Aso<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>da<span class=\"__1 _6\"></span>s     (3<span class=\"__1 _6\"></span>.539<span class=\"__1 _6\"></span>)   <span class=\"__1 _1b5\"> </span><span class=\"lsc2\">                   -   <span class=\"__1 _d2\"> </span></span>  3<span class=\"__1 _6\"></span>.53<span class=\"__1 _6\"></span>9   <span class=\"__1 _aa\"> </span><span class=\"lsc2\">                     -   <span class=\"__1 _15d\"> </span>                     -   <span class=\"__1 _1b5\"> </span>                    -   <span class=\"__1 _b5\"> </span>                        -   <span class=\"__1 _b5\"> </span>                        -  </span>Pr<span class=\"__1 _6\"></span>opi<span class=\"__1 _6\"></span>eda<span class=\"__1 _6\"></span>, pl<span class=\"__1 _8\"></span>an<span class=\"__1 _6\"></span>ta y <span class=\"__1 _6\"></span>equi<span class=\"__1 _6\"></span>po y a<span class=\"__1 _8\"></span>cti<span class=\"__1 _6\"></span>vos<span class=\"__1 _8\"></span> bi<span class=\"__1 _6\"></span>ol<span class=\"__1 _8\"></span>\u00f3gi<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>os<span class=\"__1 _45\"> </span>   (7<span class=\"__1 _6\"></span>6.15<span class=\"__1 _6\"></span>7) <span class=\"__1 _6\"></span>  <span class=\"__1 _1b5\"> </span>     (1<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.645<span class=\"__1 _6\"></span>)   <span class=\"__1 _b5\"> </span><span class=\"lsc2\">                  -   <span class=\"__1 _1b5\"> </span>       (8<span class=\"__1 _6\"></span>9.80<span class=\"__1 _6\"></span>2)   <span class=\"__1 _12c\"> </span>       (23<span class=\"__1 _6\"></span>.841<span class=\"__1 _6\"></span>)   <span class=\"__1 _58\"> </span>        (4.658<span class=\"__1 _6\"></span>)   <span class=\"__1 _b5\"> </span>                        -   <span class=\"__1 _b5\"> </span>          (28.49<span class=\"__1 _6\"></span>9)  </span>Activ<span class=\"__1 _6\"></span>os<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>ntangi<span class=\"__1 _8\"></span>bl<span class=\"__1 _6\"></span>es<span class=\"__1 _1b0\"> </span>     (5.35<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>)   <span class=\"__1 _b5\"> </span><span class=\"lsc2\">          (57<span class=\"__1 _6\"></span>7)   <span class=\"__1 _b5\"> </span>                  -   <span class=\"__1 _58\"> </span>         (5.93<span class=\"__1 _6\"></span>4)   <span class=\"__1 _158\"> </span>         (1.59<span class=\"__1 _6\"></span>5)   <span class=\"__1 _b5\"> </span>           (1<span class=\"__1 _6\"></span>49)   <span class=\"__1 _b5\"> </span>                        -   <span class=\"__1 _1b5\"> </span>             (1<span class=\"__1 _6\"></span>.744<span class=\"__1 _6\"></span>)  </span>Activ<span class=\"__1 _6\"></span>os<span class=\"__1 _6\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>eros<span class=\"__1 _1b8\"> </span><span class=\"lsc2\">         (79<span class=\"__1 _6\"></span>1)   <span class=\"__1 _83\"> </span></span>  4<span class=\"__1 _6\"></span>53<span class=\"__1 _6\"></span>   <span class=\"__1 _7e\"> </span>  47<span class=\"__1 _6\"></span>   <span class=\"__1 _b5\"> </span><span class=\"lsc2\">            (29<span class=\"__1 _6\"></span>1)   <span class=\"__1 _4a\"> </span></span>(28<span class=\"__1 _6\"></span>)<span class=\"__1 _c7\"> </span><span class=\"lsc2\">                    -   <span class=\"__1 _b5\"> </span>                        -   <span class=\"__1 _b5\"> </span>                  (28<span class=\"__1 _6\"></span>)  </span>(85<span class=\"__1 _6\"></span>.844<span class=\"__1 _6\"></span>)<span class=\"__1 _126\"> </span>(13.76<span class=\"__1 _6\"></span>9)<span class=\"__1 _49\"> </span>  3<span class=\"__1 _6\"></span>.58<span class=\"__1 _6\"></span>6   <span class=\"__1 _113\"> </span>(9<span class=\"__1 _6\"></span>6.02<span class=\"__1 _6\"></span>7)<span class=\"__1 _103\"> </span>(25<span class=\"__1 _6\"></span>.464<span class=\"__1 _6\"></span>)<span class=\"__1 _83\"> </span>(4<span class=\"__1 _6\"></span>.807<span class=\"__1 _6\"></span>)<span class=\"__1 _127\"> </span><span class=\"lsc2\">                      -     <span class=\"__1 _33\"> </span></span>(3<span class=\"__1 _6\"></span>0.27<span class=\"__1 _6\"></span>1)<span class=\"__1 _1bc\"> </span>Cobros por<span class=\"__1 _6\"></span> desinver<span class=\"__1 _6\"></span>siones:<span class=\"__1 _1bc\"> </span>Pr<span class=\"__1 _6\"></span>opi<span class=\"__1 _6\"></span>eda<span class=\"__1 _6\"></span>, pl<span class=\"__1 _8\"></span>an<span class=\"__1 _6\"></span>ta y <span class=\"__1 _6\"></span>equi<span class=\"__1 _6\"></span>po<span class=\"__1 _a3\"> </span><span class=\"lsc2\">                 -   <span class=\"__1 _2a\"> </span>                   -   <span class=\"__1 _b5\"> </span>                  -   <span class=\"__1 _1b5\"> </span>                     -   <span class=\"__1 _74\"> </span><span class=\"lsc3\">3 <span class=\"__1 _c5\"> </span></span>                    -   <span class=\"__1 _b5\"> </span>                        -   <span class=\"__1 _23\"> </span></span>  3<span class=\"__1 _6\"></span>  Activ<span class=\"__1 _6\"></span>os<span class=\"__1 _6\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>eros<span class=\"__1 _1b9\"> </span><span class=\"lsc2\">                 -   <span class=\"__1 _1b5\"> </span>                   -   <span class=\"__1 _58\"> </span>                  -   <span class=\"__1 _1b5\"> </span>                     -   <span class=\"__1 _12c\"> </span>                     -   <span class=\"__1 _f9\"> </span></span>  380<span class=\"__1 _6\"></span>   <span class=\"__1 _b5\"> </span><span class=\"lsc2\">                        -   <span class=\"__1 _a2\"> </span></span>  3<span class=\"__1 _6\"></span>80<span class=\"__1 _6\"></span>                   -   <span class=\"__1 _1b5\"> </span>                   -   <span class=\"__1 _58\"> </span>                  -   <span class=\"__1 _1b5\"> </span>                     -   <span class=\"__1 _11\"> </span><span class=\"lsc3\">3 <span class=\"__1 _67\"> </span><span class=\"ls0_1\">  3<span class=\"__1 _6\"></span>80<span class=\"__1 _6\"></span>   <span class=\"__1 _b5\"> </span></span></span>                        -   <span class=\"__1 _f5\"> </span><span class=\"lsc3\">383<span class=\"__1 _1bc\"> </span></span>Flujos<span class=\"__1 _5\"></span> net<span class=\"__1 _6\"></span>os de<span class=\"__1 _6\"></span> efe<span class=\"__1 _6\"></span>ctivo de activida<span class=\"__1 _5\"></span>des de<span class=\"__1 _6\"></span> inversi\u00f3n<span class=\"__1 _1ba\"> </span>(85<span class=\"__1 _6\"></span>.844<span class=\"__1 _6\"></span>)<span class=\"__1 _126\"> </span>(13.76<span class=\"__1 _6\"></span>9)<span class=\"__1 _49\"> </span>  3<span class=\"__1 _6\"></span>.58<span class=\"__1 _6\"></span>6   <span class=\"__1 _113\"> </span>(9<span class=\"__1 _6\"></span>6.02<span class=\"__1 _6\"></span>7)<span class=\"__1 _103\"> </span>(25<span class=\"__1 _6\"></span>.461<span class=\"__1 _6\"></span>)<span class=\"__1 _83\"> </span>(4<span class=\"__1 _6\"></span>.427<span class=\"__1 _6\"></span>)<span class=\"__1 _e9\"> </span><span class=\"lsc2\">                        -   <span class=\"__1 _49\"> </span></span>(29<span class=\"__1 _6\"></span>.888<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span>FLUJOS DE<span class=\"__1 _5\"></span> EFECT<span class=\"__1 _70\"></span>IVO <span class=\"__1 _6\"></span>DE LAS ACTI<span class=\"__1 _5\"></span>VIDADE<span class=\"__1 _5\"></span>S DE FI<span class=\"__1 _70\"></span>N<span class=\"__1 _6\"></span>AN<span class=\"__1 _6\"></span>CIACI\u00d3N:<span class=\"__1 _1bc\"> </span>Cobros (pagos) por instrum<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>ntos de<span class=\"__1 _6\"></span> patr<span class=\"__1 _6\"></span>imonio:   Tra<span class=\"__1 _6\"></span>ns<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>cc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>nes <span class=\"__1 _6\"></span>con<span class=\"__1 _6\"></span> pa<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>pa<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>on<span class=\"__1 _6\"></span>es no<span class=\"__1 _6\"></span> domi<span class=\"__1 _6\"></span>na<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>te<span class=\"__1 _5\"></span>s  5.63<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>   <span class=\"__1 _1b5\"> </span><span class=\"lsc2\">                   -   <span class=\"__1 _b5\"> </span>                  -   <span class=\"__1 _154\"> </span></span>  5<span class=\"__1 _6\"></span>.630<span class=\"__1 _6\"></span>   <span class=\"__1 _12c\"> </span><span class=\"lsc2\">                     -   <span class=\"__1 _1b5\"> </span>                    -   <span class=\"__1 _b5\"> </span>                        -   <span class=\"__1 _b5\"> </span>                        -  </span>   Adqui<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3n de i<span class=\"__1 _6\"></span>ns<span class=\"__1 _8\"></span>trument<span class=\"__1 _5\"></span>os<span class=\"__1 _6\"></span> de pa<span class=\"__1 _6\"></span>tri<span class=\"__1 _8\"></span>moni<span class=\"__1 _6\"></span>o pr<span class=\"__1 _6\"></span>opi<span class=\"__1 _8\"></span>o   (50<span class=\"__1 _6\"></span>.57<span class=\"__1 _6\"></span>1)  <span class=\"__1 _6\"></span> <span class=\"__1 _1b5\"> </span><span class=\"lsc2\">                   -   <span class=\"__1 _b5\"> </span>                  -   <span class=\"__1 _1b5\"> </span>       (50<span class=\"__1 _6\"></span>.571<span class=\"__1 _6\"></span>)   <span class=\"__1 _b\"> </span></span>(26<span class=\"__1 _6\"></span>.997<span class=\"__1 _6\"></span>)<span class=\"__1 _b7\"> </span><span class=\"lsc2\">                    -   <span class=\"__1 _58\"> </span>                        -   <span class=\"__1 _b5\"> </span>          (2<span class=\"__1 _6\"></span>6.99<span class=\"__1 _6\"></span>7)  </span>   Ena<span class=\"__1 _6\"></span>j<span class=\"__1 _6\"></span>ena<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>\u00f3n de i<span class=\"__1 _6\"></span>ns<span class=\"__1 _8\"></span>trume<span class=\"__1 _5\"></span>ntos<span class=\"__1 _6\"></span> de pa<span class=\"__1 _6\"></span>tri<span class=\"__1 _6\"></span>moni<span class=\"__1 _8\"></span>o pr<span class=\"__1 _6\"></span>opi<span class=\"__1 _8\"></span>o  50<span class=\"__1 _6\"></span>.76<span class=\"__1 _6\"></span>9   <span class=\"__1 _aa\"> </span><span class=\"lsc2\">                   -   <span class=\"__1 _58\"> </span>                  -   <span class=\"__1 _d2\"> </span></span>  5<span class=\"__1 _6\"></span>0.7<span class=\"__1 _6\"></span>69<span class=\"__1 _6\"></span>   <span class=\"__1 _12\"> </span>2<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.385<span class=\"__1 _6\"></span> <span class=\"__1 _c5\"> </span><span class=\"lsc2\">                    -   <span class=\"__1 _b5\"> </span>                        -   <span class=\"__1 _83\"> </span></span>  2<span class=\"__1 _6\"></span>8.38<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>  5.82<span class=\"__1 _6\"></span>8 <span class=\"__1 _c5\"> </span><span class=\"lsc2\">                   -   <span class=\"__1 _b5\"> </span>                  -   <span class=\"__1 _125\"> </span></span>5<span class=\"__1 _6\"></span>.828<span class=\"__1 _6\"></span> <span class=\"__1 _6e\"> </span>1.38<span class=\"__1 _6\"></span>8 <span class=\"__1 _c5\"> </span><span class=\"lsc2\">                    -   <span class=\"__1 _b5\"> </span>                        -   <span class=\"__1 _12\"> </span></span>1<span class=\"__1 _6\"></span>.388<span class=\"__1 _1bc\"> </span>Cobros (pagos) por instrum<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>ntos de<span class=\"__1 _6\"></span> pasiv<span class=\"__1 _5\"></span>o financ<span class=\"__1 _70\"></span>ie<span class=\"__1 _6\"></span>ro:  Pa<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>tes vi<span class=\"__1 _8\"></span>ncu<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>da<span class=\"__1 _8\"></span>s  44<span class=\"__1 _6\"></span>   <span class=\"__1 _58\"> </span><span class=\"lsc2\">       (9.43<span class=\"__1 _6\"></span>3)   <span class=\"__1 _1b5\"> </span>       (3<span class=\"__1 _6\"></span>.586<span class=\"__1 _6\"></span>)   <span class=\"__1 _1b5\"> </span>       (12<span class=\"__1 _6\"></span>.975<span class=\"__1 _6\"></span>)   <span class=\"__1 _159\"> </span>            (65<span class=\"__1 _6\"></span>5)   <span class=\"__1 _f9\"> </span></span>  655<span class=\"__1 _6\"></span>   <span class=\"__1 _b5\"> </span><span class=\"lsc2\">                        -   <span class=\"__1 _b5\"> </span>                        -  </span>  Emis<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n de obl<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>ga<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>ones<span class=\"__1 _6\"></span>, neto de<span class=\"__1 _5\"></span> ga<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>tos<span class=\"__1 _6\"></span> de for<span class=\"__1 _6\"></span>mal<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>za<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>\u00f3n     (9<span class=\"__1 _6\"></span>.900<span class=\"__1 _6\"></span>)   <span class=\"__1 _1b5\"> </span><span class=\"lsc2\">                   -   <span class=\"__1 _b5\"> </span>                  -   <span class=\"__1 _58\"> </span>         (9.90<span class=\"__1 _6\"></span>0)   <span class=\"__1 _12c\"> </span>       (39<span class=\"__1 _6\"></span>.432<span class=\"__1 _6\"></span>)   <span class=\"__1 _1b5\"> </span>      (14<span class=\"__1 _6\"></span>.000<span class=\"__1 _6\"></span>)   <span class=\"__1 _b5\"> </span>                        -   <span class=\"__1 _b5\"> </span>          (53.43<span class=\"__1 _6\"></span>2)  </span>  Aum<span class=\"__1 _5\"></span>ento (di<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>mi<span class=\"__1 _6\"></span>nuc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n) deuda<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> c<span class=\"__1 _6\"></span>on<span class=\"__1 _6\"></span> entida<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>es d<span class=\"__1 _6\"></span>e cr\u00e9di<span class=\"__1 _6\"></span>to, neto de<span class=\"__1 _5\"></span> ga<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>tos<span class=\"__1 _6\"></span> de for<span class=\"__1 _6\"></span>mal<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>za<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>\u00f3n  26<span class=\"__1 _6\"></span>4.8<span class=\"__1 _6\"></span>38<span class=\"__1 _6\"></span>   <span class=\"__1 _1b5\"> </span>    <span class=\"__1 _6\"></span> (27<span class=\"__1 _6\"></span>.06<span class=\"__1 _6\"></span>7)   <span class=\"__1 _55\"> </span><span class=\"lsc2\">                  -   <span class=\"__1 _106\"> </span></span>  23<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.771<span class=\"__1 _6\"></span>   <span class=\"__1 _12c\"> </span><span class=\"lsc2\">       (10<span class=\"__1 _6\"></span>.091<span class=\"__1 _6\"></span>)   <span class=\"__1 _1b5\"> </span>      (1<span class=\"__1 _6\"></span>4.69<span class=\"__1 _6\"></span>9)   <span class=\"__1 _b5\"> </span>                        -   <span class=\"__1 _b5\"> </span>          (24<span class=\"__1 _6\"></span>.790<span class=\"__1 _6\"></span>)  </span>  Aum<span class=\"__1 _5\"></span>ento (di<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>mi<span class=\"__1 _6\"></span>nuc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n) de otra<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>eudas     (7<span class=\"__1 _6\"></span>.047<span class=\"__1 _6\"></span>)   <span class=\"__1 _1b5\"> </span><span class=\"lsc2\">                   -   <span class=\"__1 _b5\"> </span>                  -   <span class=\"__1 _58\"> </span>         (7.04<span class=\"__1 _6\"></span>7)   <span class=\"__1 _158\"> </span>         (3.97<span class=\"__1 _6\"></span>6)   <span class=\"__1 _1b5\"> </span>                    -   <span class=\"__1 _b5\"> </span>                        -   <span class=\"__1 _1b5\"> </span>             (3<span class=\"__1 _6\"></span>.976<span class=\"__1 _6\"></span>)  </span>  Pa<span class=\"__1 _6\"></span>gos<span class=\"__1 _8\"></span> por <span class=\"__1 _6\"></span>Derechos<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e us<span class=\"__1 _6\"></span>o s<span class=\"__1 _6\"></span>ob<span class=\"__1 _6\"></span>re a<span class=\"__1 _6\"></span>cti<span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>os     (5<span class=\"__1 _6\"></span>.952<span class=\"__1 _6\"></span>)   <span class=\"__1 _58\"> </span><span class=\"lsc2\">       (1.42<span class=\"__1 _6\"></span>9)   <span class=\"__1 _b5\"> </span>                  -   <span class=\"__1 _58\"> </span>         (7.38<span class=\"__1 _6\"></span>1)   <span class=\"__1 _158\"> </span>         (2.22<span class=\"__1 _6\"></span>6)   <span class=\"__1 _b5\"> </span>           (5<span class=\"__1 _6\"></span>30)   <span class=\"__1 _b5\"> </span>                        -   <span class=\"__1 _1b5\"> </span>             (2<span class=\"__1 _6\"></span>.756<span class=\"__1 _6\"></span>)  </span>  Subvenc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>on<span class=\"__1 _6\"></span>es r<span class=\"__1 _6\"></span>eci<span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>da<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> net<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>s  63<span class=\"__1 _6\"></span>6 <span class=\"__1 _6\"></span>  <span class=\"__1 _1b5\"> </span><span class=\"lsc2\">                   -   <span class=\"__1 _b5\"> </span>                  -   <span class=\"__1 _12f\"> </span></span>  6<span class=\"__1 _6\"></span>36<span class=\"__1 _6\"></span>   <span class=\"__1 _103\"> </span>  1.3<span class=\"__1 _6\"></span>77<span class=\"__1 _6\"></span>   <span class=\"__1 _1b5\"> </span><span class=\"lsc2\">                    -   <span class=\"__1 _b5\"> </span>                        -   <span class=\"__1 _7e\"> </span></span>  1<span class=\"__1 _6\"></span>.37<span class=\"__1 _6\"></span>7  24<span class=\"__1 _6\"></span>2.61<span class=\"__1 _6\"></span>9 <span class=\"__1 _113\"> </span>(3<span class=\"__1 _6\"></span>7.92<span class=\"__1 _6\"></span>9)<span class=\"__1 _b7\"> </span><span class=\"lsc2\">       (3.586<span class=\"__1 _6\"></span>)   <span class=\"__1 _11e\"> </span></span>20<span class=\"__1 _6\"></span>1.10<span class=\"__1 _6\"></span>4 <span class=\"__1 _59\"> </span>(55<span class=\"__1 _6\"></span>.003<span class=\"__1 _6\"></span>)<span class=\"__1 _110\"> </span>(2<span class=\"__1 _6\"></span>8.57<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>)<span class=\"__1 _e9\"> </span><span class=\"lsc2\">                        -   <span class=\"__1 _49\"> </span></span>(83<span class=\"__1 _6\"></span>.577<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span>Pagos<span class=\"__1 _5\"></span> por dividendos y r<span class=\"__1 _6\"></span>em<span class=\"__1 _6\"></span>une<span class=\"__1 _6\"></span>raci<span class=\"__1 _5\"></span>ones de<span class=\"__1 _6\"></span> ot<span class=\"__1 _6\"></span>ros instr<span class=\"__1 _6\"></span>ume<span class=\"__1 _6\"></span>nt<span class=\"__1 _6\"></span>os de patr<span class=\"__1 _6\"></span>imonio<span class=\"__1 _1bc\"> </span>Di<span class=\"__1 _6\"></span>vi<span class=\"__1 _8\"></span>dendos<span class=\"__1 _6\"></span> pa<span class=\"__1 _6\"></span>ga<span class=\"__1 _6\"></span>do<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>oni<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> ENCE (14<span class=\"__1 _6\"></span>0.6<span class=\"__1 _6\"></span>09<span class=\"__1 _6\"></span>)   <span class=\"__1 _1b5\"> </span><span class=\"lsc2\">                   -   <span class=\"__1 _b5\"> </span>                  -   <span class=\"__1 _b5\"> </span></span>    (1<span class=\"__1 _6\"></span>40<span class=\"__1 _6\"></span>.60<span class=\"__1 _6\"></span>9)   <span class=\"__1 _12c\"> </span><span class=\"lsc2\">       (1<span class=\"__1 _6\"></span>3.11<span class=\"__1 _6\"></span>9)   <span class=\"__1 _aa\"> </span>                    -   <span class=\"__1 _58\"> </span>                        -   <span class=\"__1 _b5\"> </span>          (1<span class=\"__1 _6\"></span>3.11<span class=\"__1 _6\"></span>9)  </span>Di<span class=\"__1 _6\"></span>vi<span class=\"__1 _8\"></span>dendos<span class=\"__1 _6\"></span> pa<span class=\"__1 _6\"></span>ga<span class=\"__1 _6\"></span>do<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> a<span class=\"__1 _6\"></span> mi<span class=\"__1 _6\"></span>no<span class=\"__1 _6\"></span>ri<span class=\"__1 _8\"></span>tar<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>os                 -   <span class=\"__1 _aa\"> </span>       (4<span class=\"__1 _6\"></span>.051<span class=\"__1 _6\"></span>)   <span class=\"__1 _58\"> </span>                  -   <span class=\"__1 _58\"> </span>         (4.05<span class=\"__1 _6\"></span>1)   <span class=\"__1 _12c\"> </span>                     -   <span class=\"__1 _1b5\"> </span>                    -   <span class=\"__1 _b5\"> </span>                        -   <span class=\"__1 _b5\"> </span>                        -   (14<span class=\"__1 _6\"></span>0.60<span class=\"__1 _6\"></span>9)   <span class=\"__1 _58\"> </span><span class=\"lsc2\">       (4.05<span class=\"__1 _6\"></span>1)   <span class=\"__1 _b5\"> </span>                  -   <span class=\"__1 _b5\"> </span></span>    (14<span class=\"__1 _6\"></span>4.66<span class=\"__1 _6\"></span>0)   <span class=\"__1 _12c\"> </span><span class=\"lsc2\">       (1<span class=\"__1 _6\"></span>3.119<span class=\"__1 _6\"></span>)   <span class=\"__1 _1b5\"> </span>                    -   <span class=\"__1 _b5\"> </span>                        -   <span class=\"__1 _b5\"> </span>          (13.119<span class=\"__1 _6\"></span>)  </span>Flujos<span class=\"__1 _5\"></span> net<span class=\"__1 _6\"></span>os de<span class=\"__1 _6\"></span> efe<span class=\"__1 _6\"></span>ctivo de activida<span class=\"__1 _5\"></span>des de<span class=\"__1 _6\"></span> financ<span class=\"__1 _70\"></span>iaci<span class=\"__1 _5\"></span>\u00f3n<span class=\"__1 _e4\"> </span>  1<span class=\"__1 _6\"></span>07<span class=\"__1 _6\"></span>.838<span class=\"__1 _6\"></span>   <span class=\"__1 _aa\"> </span>     (41<span class=\"__1 _6\"></span>.980<span class=\"__1 _6\"></span>)   <span class=\"__1 _1b5\"> </span><span class=\"lsc2\">       (3<span class=\"__1 _6\"></span>.586)   <span class=\"__1 _d2\"> </span></span>  6<span class=\"__1 _6\"></span>2.27<span class=\"__1 _6\"></span>2  <span class=\"__1 _6\"></span> <span class=\"__1 _12c\"> </span><span class=\"lsc2\">       (66.734<span class=\"__1 _6\"></span>)   <span class=\"__1 _1b5\"> </span></span>      (2<span class=\"__1 _6\"></span>8.57<span class=\"__1 _6\"></span>4)  <span class=\"__1 _6\"></span> <span class=\"__1 _b5\"> </span><span class=\"lsc2\">                        -   <span class=\"__1 _b5\"> </span>          (95.308<span class=\"__1 _6\"></span>)  </span>AUM<span class=\"__1 _5\"></span>ENTO/DISM<span class=\"__1 _70\"></span>INUCI\u00d3N N<span class=\"__1 _6\"></span>ET<span class=\"__1 _5\"></span>A DEL EFECT<span class=\"__1 _5\"></span>IVO O EQUI<span class=\"__1 _70\"></span>V<span class=\"__1 _6\"></span>AL<span class=\"__1 _6\"></span>ENTE<span class=\"__1 _5\"></span>S<span class=\"__1 _df\"> </span>  <span class=\"__1 _6\"></span>32<span class=\"__1 _6\"></span>.851<span class=\"__1 _6\"></span>   <span class=\"__1 _b5\"> </span>  (1<span class=\"__1 _6\"></span>12<span class=\"__1 _6\"></span>.732<span class=\"__1 _6\"></span>)   <span class=\"__1 _b5\"> </span><span class=\"lsc2\">                  -   <span class=\"__1 _1b5\"> </span>       (79<span class=\"__1 _6\"></span>.881)   <span class=\"__1 _12c\"> </span>       (46<span class=\"__1 _6\"></span>.822)   <span class=\"__1 _159\"> </span></span>  8<span class=\"__1 _6\"></span>0.52<span class=\"__1 _6\"></span>7   <span class=\"__1 _55\"> </span><span class=\"lsc2\">                        -   <span class=\"__1 _8d\"> </span></span> <span class=\"__1 _6\"></span> 33<span class=\"__1 _6\"></span>.705<span class=\"__1 _6\"></span>  Efe<span class=\"__1 _5\"></span>cti<span class=\"__1 _6\"></span>vo<span class=\"__1 _6\"></span> y equi<span class=\"__1 _6\"></span>va<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>ent<span class=\"__1 _5\"></span>es a<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span> c<span class=\"__1 _6\"></span>omi<span class=\"__1 _6\"></span>enzo del p<span class=\"__1 _6\"></span>eri<span class=\"__1 _6\"></span>odo<span class=\"__1 _40\"> </span>  27<span class=\"__1 _6\"></span>8.37<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>   <span class=\"__1 _106\"> </span>1<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>4.53<span class=\"__1 _6\"></span>7 <span class=\"__1 _c7\"> </span><span class=\"lsc2\">                  -   <span class=\"__1 _106\"> </span></span>  4<span class=\"__1 _6\"></span>12<span class=\"__1 _6\"></span>.91<span class=\"__1 _6\"></span>3   <span class=\"__1 _7e\"> </span>31<span class=\"__1 _6\"></span>8.4<span class=\"__1 _6\"></span>96<span class=\"__1 _6\"></span> <span class=\"__1 _49\"> </span>6<span class=\"__1 _6\"></span>1.46<span class=\"__1 _6\"></span>8 <span class=\"__1 _c7\"> </span><span class=\"lsc2\">                        -   <span class=\"__1 _110\"> </span></span>  3<span class=\"__1 _6\"></span>79<span class=\"__1 _6\"></span>.96<span class=\"__1 _6\"></span>4  Efe<span class=\"__1 _5\"></span>cti<span class=\"__1 _6\"></span>vo<span class=\"__1 _6\"></span> y equi<span class=\"__1 _6\"></span>va<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>ent<span class=\"__1 _5\"></span>es a<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span> fi<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span> del<span class=\"__1 _6\"></span> peri<span class=\"__1 _8\"></span>odo<span class=\"__1 _f8\"> </span>  311<span class=\"__1 _6\"></span>.22<span class=\"__1 _6\"></span>7   <span class=\"__1 _15d\"> </span>  2<span class=\"__1 _6\"></span>1.8<span class=\"__1 _6\"></span>05<span class=\"__1 _6\"></span>   <span class=\"__1 _b5\"> </span><span class=\"lsc2\">                  -   <span class=\"__1 _106\"> </span></span>  3<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>3.03<span class=\"__1 _6\"></span>2 <span class=\"__1 _6\"></span>  <span class=\"__1 _83\"> </span>  2<span class=\"__1 _6\"></span>71<span class=\"__1 _6\"></span>.67<span class=\"__1 _6\"></span>4   <span class=\"__1 _186\"> </span>  1<span class=\"__1 _6\"></span>41<span class=\"__1 _6\"></span>.99<span class=\"__1 _6\"></span>5   <span class=\"__1 _b5\"> </span><span class=\"lsc2\">                        -   <span class=\"__1 _20\"> </span></span>  4<span class=\"__1 _6\"></span>13<span class=\"__1 _6\"></span>.669<span class=\"__1 _6\"></span>  (*) Se<span class=\"__1 _5\"></span> i<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>ye e<span class=\"__1 _5\"></span>n es<span class=\"__1 _6\"></span>te<span class=\"__1 _5\"></span> negoci<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span> el n<span class=\"__1 _6\"></span>egoci<span class=\"__1 _6\"></span>o d<span class=\"__1 _6\"></span>e gas<span class=\"__1 _6\"></span> r<span class=\"__1 _6\"></span>enova<span class=\"__1 _6\"></span>bl<span class=\"__1 _8\"></span>e (bi<span class=\"__1 _6\"></span>ome<span class=\"__1 _5\"></span>tano<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span>ENCE<span class=\"__1 _6\"></span> E<span class=\"__1 _6\"></span>NERG\u00cdA Y CE<span class=\"__1 _6\"></span>LUL<span class=\"__1 _70\"></span>O<span class=\"__1 _6\"></span>SA, S.<span class=\"__1 _5\"></span>A. Y SOCIEDAD<span class=\"__1 _6\"></span>ES D<span class=\"__1 _6\"></span>EP<span class=\"__1 _6\"></span>ENDIENTES<span class=\"__1 _1bc\"> </span>2023<span class=\"__1 _1bc\"> </span>2022<span class=\"__1 _1bc\"> </span>EST<span class=\"__1 _5\"></span>ADO D<span class=\"__1 _6\"></span>E FLUJO<span class=\"__1 _6\"></span>S DE EFECTIVO CO<span class=\"__1 _6\"></span>NSOLI<span class=\"__1 _6\"></span>DADO<span class=\"__1 _6\"></span> PO<span class=\"__1 _6\"></span>R NEGO<span class=\"__1 _6\"></span>CIO<span class=\"__1 _6\"></span>S CO<span class=\"__1 _6\"></span>R<span class=\"__1 _6\"></span>RESPONDI<span class=\"__1 _6\"></span>ENTE<span class=\"__1 _70\"></span>S <span class=\"__1 _6\"></span>A LOS EJERCI<span class=\"__1 _6\"></span>CI<span class=\"__1 _6\"></span>OS 2<span class=\"__1 _6\"></span>02<span class=\"__1 _6\"></span>3 <span class=\"__1 _6\"></span>Y 2<span class=\"__1 _6\"></span>02<span class=\"__1 _6\"></span>2<div class=\"c_1 w2_1 h58 gs1f2\"><div class=\"t_1 m0_1 x15e h3_1 y1526 ff2_1 fs1_1 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x15e h3_1 y1527 ff2_1 fs1_1 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x15e h3_1 y8ac ff2_1 fs1_1 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x17e h5b y1528 ff7 fs14 fc0_1 sc0_1 ls0_1 ws0_1\">Anex<span class=\"__1 _70\"></span>o I<span class=\"lsc4\">II</span> - <span class=\"__1 _6\"></span>Mar<span class=\"__1 _5\"></span>co regulat<span class=\"__1 _70\"></span>orio<span class=\"__1 _6\"></span> del sector </div><div class=\"t_1 m0_1 x17e h5b y1529 ff7 fs14 fc0_1 sc0_1 ls0_1 ws0_1\">energ<span class=\"__1 _5\"></span>\u00e9tico<span class=\"ff4\"> </span></div><div class=\"t_1 m0_1 x142 h3_1 y152a ff2_1 fs1_1 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"__1 _110\"> </span> <span class=\"__1 _110\"> </span> <span class=\"__1 _110\"> </span> <span class=\"__1 _20\"> </span> <span class=\"__1 _110\"> </span> <span class=\"__1 _110\"> </span> </div><div class=\"t_1 m0_1 x142 h3_1 y152b ff2_1 fs1_1 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"__1 _60\"> </span> </div></div>Este <span class=\"__1 _70\"></span>ap<span class=\"__1 _6\"></span>artado re<span class=\"__1 _5\"></span>coge <span class=\"__1 _70\"></span>los aspe<span class=\"__1 _5\"></span>ctos <span class=\"__1 _70\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _70\"></span>se <span class=\"__1 _5\"></span>han <span class=\"__1 _5\"></span>considerado <span class=\"__1 _70\"></span>m\u00e1s <span class=\"__1 _5\"></span>destacables <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>la <span class=\"__1 _5\"></span>regulaci\u00f3n <span class=\"__1 _5\"></span>energ\u00e9tica <span class=\"__1 _70\"></span>vigente<span class=\"__1 _1bc\"> </span>en Espa\u00f1a y a<span class=\"__1 _6\"></span>plicable a la actividad d<span class=\"__1 _6\"></span>esarrollada por el Grupo E<span class=\"__1 _6\"></span>NCE.<span class=\"__1 _1bc\"> </span>Uni\u00f3n Europea<span class=\"__1 _1bc\"> </span>En el \u00e1mbito de<span class=\"__1 _6\"></span> la Uni\u00f3n Europea la<span class=\"__1 _6\"></span>s publicaciones m\u00e1s relevan<span class=\"__1 _6\"></span>tes del a\u00f1o 202<span class=\"__1 _8\"></span>3 han sido:<span class=\"__1 _1bc\"> </span>-<span class=\"ff2_1\"> <span class=\"__1 _a8\"> </span><span class=\"ff4\">E<span class=\"__1 _6\"></span>l  Re<span class=\"__1 _5\"></span>glamento  relativo <span class=\"__1 _ca\"> </span>al  uso <span class=\"__1 _c6\"> </span>de  combustibles  renovables <span class=\"__1 _ca\"> </span>y  combustibles <span class=\"__1 _ca\"> </span>hipocarb\u00f3nicos  en <span class=\"__1 _c6\"> </span>el<span class=\"__1 _1bc\"> </span></span></span>transporte mar\u00edtimo (Re<span class=\"__1 _6\"></span>Fuel EU Maritime), p<span class=\"__1 _6\"></span>ublicado en el DOUE el 22 d<span class=\"__1 _6\"></span>e septiembre de 2023.<span class=\"__1 _1bc\"> </span>-<span class=\"ff2_1\"> <span class=\"__1 _a8\"> </span><span class=\"ff4\">La Directiv<span class=\"__1 _6\"></span>a relativa a <span class=\"__1 _6\"></span>la promoci\u00f3n<span class=\"__1 _6\"></span> de la energ\u00eda pro<span class=\"__1 _6\"></span>ceden<span class=\"__1 _6\"></span>te de fu<span class=\"__1 _6\"></span>entes renovables, p<span class=\"__1 _6\"></span>ublicado en el<span class=\"__1 _1bc\"> </span></span></span>DOUE el 31 de octubr<span class=\"__1 _6\"></span>e de 2023.<span class=\"__1 _1bc\"> </span>-<span class=\"ff2_1\"> <span class=\"__1 _a8\"> </span><span class=\"ff4\">Regla<span class=\"__1 _6\"></span>mento <span class=\"__1 _5\"></span>relativo <span class=\"__1 _5\"></span>a <span class=\"__1 _5\"></span>la <span class=\"__1 _5\"></span>garant\u00eda <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>un<span class=\"__1 _6\"></span>as <span class=\"__1 _70\"></span>condicion<span class=\"__1 _6\"></span>es <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>competencia e<span class=\"__1 _5\"></span>quitativas<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>para <span class=\"__1 _70\"></span>u<span class=\"__1 _6\"></span>n <span class=\"__1 _70\"></span>tran<span class=\"__1 _6\"></span>sporte<span class=\"__1 _1bc\"> </span></span></span>a\u00e9reo sostenible (RefuelEU Av<span class=\"__1 _6\"></span>iation), p<span class=\"__1 _6\"></span>ublicado el 31 de octub<span class=\"__1 _6\"></span>re de 2023.<span class=\"__1 _1bc\"> </span>Directiva de promo<span class=\"__1 _6\"></span>ci\u00f3n de la energ\u00eda proced<span class=\"__1 _6\"></span>ente de fuentes renovables<span class=\"__1 _8\"></span>-<span class=\"__1 _1bc\"> </span>El 31 de octubre de 2023 se public\u00f3 la Directiva (UE) 2023/2413 del Parlamento Europeo<span class=\"__1 _6\"></span> y del Consejo, por la<span class=\"__1 _1bc\"> </span>que <span class=\"__1 _5\"></span>se <span class=\"__1 _5\"></span>modifican la <span class=\"__1 _70\"></span>Directiva (UE) <span class=\"__1 _70\"></span>201<span class=\"__1 _6\"></span>8/2001, el <span class=\"__1 _70\"></span>Reglam<span class=\"__1 _6\"></span>ento <span class=\"__1 _5\"></span>(UE) <span class=\"__1 _70\"></span>2<span class=\"__1 _6\"></span>018/1999 y <span class=\"__1 _70\"></span>la Directiv<span class=\"__1 _6\"></span>a 98/7<span class=\"__1 _5\"></span>0/CE en <span class=\"__1 _70\"></span>lo que<span class=\"__1 _1bc\"> </span>respecta <span class=\"__1 _70\"></span>a <span class=\"__1 _70\"></span>la <span class=\"__1 _70\"></span>pro<span class=\"__1 _6\"></span>moci\u00f3n <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>la energ\u00eda <span class=\"__1 _bf\"></span>proc<span class=\"__1 _6\"></span>edente <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>fuentes <span class=\"__1 _70\"></span>renov<span class=\"__1 _6\"></span>ables <span class=\"__1 _70\"></span>y <span class=\"__1 _70\"></span>se <span class=\"__1 _70\"></span>deroga <span class=\"__1 _70\"></span>la Directiva <span class=\"__1 _70\"></span>(UE) <span class=\"__1 _70\"></span>2015/652<span class=\"__1 _1bc\"> </span>del Consejo.<span class=\"__1 _1bc\"> </span>Lo <span class=\"__1 _6\"></span>m\u00e1s <span class=\"__1 _6\"></span>relevante <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>centra <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>lo <span class=\"__1 _6\"></span>referente a <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>roducci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>energ\u00eda <span class=\"__1 _6\"></span>renovable, <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>transp<span class=\"__1 _6\"></span>orte, <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>industria <span class=\"__1 _8\"></span><span class=\"lsba\">y<span class=\"__1 _1bc\"> </span></span>la bioenerg\u00eda.<span class=\"__1 _1bc\"> </span>-<span class=\"ff2_1\"> <span class=\"__1 _a8\"> </span><span class=\"ff4\">Prod<span class=\"__1 _6\"></span>ucci\u00f3n <span class=\"__1 _8\"></span>renov<span class=\"__1 _6\"></span>able: <span class=\"__1 _8\"></span>se <span class=\"__1 _4\"></span>propone <span class=\"__1 _8\"></span>un<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>aumento <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>cuot<span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>energ\u00edas <span class=\"__1 _8\"></span>renovab<span class=\"__1 _6\"></span>les <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>l <span class=\"__1 _8\"></span>cons<span class=\"__1 _6\"></span>umo<span class=\"__1 _1bc\"> </span></span></span>total de energ\u00eda de <span class=\"__1 _5\"></span>la UE hasta el <span class=\"__1 _5\"></span>42,5% de <span class=\"__1 _5\"></span>aqu\u00ed a 2030, con <span class=\"__1 _5\"></span>un complemento indicativo adicional del<span class=\"__1 _1bc\"> </span>2,5 % que permitir\u00e1 alcan<span class=\"__1 _6\"></span>zar el objetivo d<span class=\"__1 _6\"></span>el 45%.<span class=\"__1 _1bc\"> </span>Se agilizar\u00e1n los<span class=\"__1 _6\"></span> procedimient<span class=\"__1 _6\"></span>os de autoriza<span class=\"__1 _6\"></span>ciones mediante, <span class=\"__1 _6\"></span>entre otros la<span class=\"__1 _6\"></span> designaci\u00f3n <span class=\"__1 _6\"></span>de zonas<span class=\"__1 _6\"></span> de<span class=\"__1 _1bc\"> </span>aceleraci\u00f3n de las en<span class=\"__1 _6\"></span>erg\u00edas ren<span class=\"__1 _6\"></span>ovables (Art\u00edculo 15 ter y<span class=\"__1 _6\"></span> quarter). La<span class=\"__1 _6\"></span> Directiva ind<span class=\"__1 _6\"></span>ica que s<span class=\"__1 _6\"></span>e llevar\u00e1 a<span class=\"__1 _1bc\"> </span>cabo una cartograf\u00eda coordinada del despliegue de e<span class=\"__1 _5\"></span>nerg\u00edas renovables territorio a fin<span class=\"__1 _5\"></span> de <span class=\"__1 _5\"></span>determinar<span class=\"__1 _1bc\"> </span>el <span class=\"__1 _6\"></span>poten<span class=\"__1 _6\"></span>cial <span class=\"__1 _6\"></span>do<span class=\"__1 _6\"></span>m\u00e9stico <span class=\"__1 _6\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>las <span class=\"__1 _8\"></span>zonas <span class=\"__1 _8\"></span>terrestres, <span class=\"__1 _6\"></span>ub<span class=\"__1 _6\"></span>icadas <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>superficie <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>subs<span class=\"__1 _6\"></span>uelo, <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>las <span class=\"__1 _6\"></span>zon<span class=\"__1 _6\"></span>as<span class=\"__1 _1bc\"> </span>mar\u00edtimas <span class=\"__1 _c6\"> </span>o <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>agu<span class=\"__1 _6\"></span>as <span class=\"__1 _c6\"> </span>interiores<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>disponibles. <span class=\"__1 _c6\"> </span>La<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>simplificaci\u00f3n <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c6\"> </span>for<span class=\"__1 _6\"></span>ma <span class=\"__1 _c6\"> </span>y <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c6\"> </span>plaz<span class=\"__1 _6\"></span>os <span class=\"__1 _c6\"> </span>tiene <span class=\"__1 _c6\"> </span>como<span class=\"__1 _1bc\"> </span>prop\u00f3sito <span class=\"__1 _cb\"> </span>y  agilizar\u00e1n <span class=\"__1 _cb\"> </span>los  procesos  d<span class=\"__1 _6\"></span>e  concesi\u00f3n<span class=\"__1 _6\"></span>  de <span class=\"__1 _150\"> </span>p<span class=\"__1 _6\"></span>ermisos. <span class=\"__1 _cb\"> </span>As\u00ed  como, <span class=\"__1 _150\"> </span>se <span class=\"__1 _cb\"> </span>presumir\u00e1  que <span class=\"__1 _cb\"> </span>la<span class=\"__1 _1bc\"> </span>implantaci\u00f3n  de <span class=\"__1 _c6\"> </span>EERR  es <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>e  inter\u00e9<span class=\"__1 _5\"></span>s  p\u00fablico <span class=\"__1 _c6\"> </span>su<span class=\"__1 _6\"></span>perior. <span class=\"__1 _ca\"> </span>El  prop\u00f3sito <span class=\"__1 _ca\"> </span>es <span class=\"__1 _ca\"> </span>acelerar  e<span class=\"__1 _5\"></span>l <span class=\"__1 _ca\"> </span>des<span class=\"__1 _6\"></span>pliegue <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span>proyectos en el con<span class=\"__1 _6\"></span>texto del plan REPo<span class=\"__1 _6\"></span>werEU.<span class=\"__1 _1bc\"> </span>Los <span class=\"__1 _8\"></span>procedimientos <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>conce<span class=\"__1 _6\"></span>si\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>autoriza<span class=\"__1 _6\"></span>ciones <span class=\"__1 _8\"></span>para <span class=\"__1 _8\"></span>proyectos <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>energ\u00eda <span class=\"__1 _8\"></span>renovab<span class=\"__1 _6\"></span>le, <span class=\"__1 _8\"></span>tanto <span class=\"__1 _8\"></span>en<span class=\"__1 _1bc\"> </span>zonas de a<span class=\"__1 _6\"></span>celeraci\u00f3n renovable como <span class=\"__1 _6\"></span>fuera de ellas,<span class=\"__1 _6\"></span> deben cumplir con<span class=\"__1 _6\"></span> los plazos<span class=\"__1 _6\"></span> espec\u00edficos. E<span class=\"__1 _6\"></span>n las<span class=\"__1 _1bc\"> </span>zonas <span class=\"__1 _6\"></span>de aceleraci\u00f3n <span class=\"__1 _6\"></span>renovab<span class=\"__1 _6\"></span>le, los <span class=\"__1 _6\"></span>proyectos <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>energ\u00eda re<span class=\"__1 _6\"></span>novable <span class=\"__1 _6\"></span>deben recibir <span class=\"__1 _6\"></span>autor<span class=\"__1 _8\"></span>izaciones <span class=\"__1 _6\"></span>en<span class=\"__1 _1bc\"> </span>un <span class=\"__1 _8\"></span>plazo <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>h<span class=\"__1 _6\"></span>asta <span class=\"__1 _8\"></span>doce <span class=\"__1 _8\"></span>meses<span class=\"__1 _6\"></span>. <span class=\"__1 _8\"></span>Para <span class=\"__1 _8\"></span>proyectos <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>repotenciaci\u00f3n <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>plantas <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>en<span class=\"__1 _6\"></span>erg\u00eda <span class=\"__1 _8\"></span>renovab<span class=\"__1 _6\"></span>le,<span class=\"__1 _1bc\"> </span>para <span class=\"__1 _cd\"> </span>nuevas <span class=\"__1 _cd\"> </span>instalaciones <span class=\"__1 _cd\"> </span>(capacidad <span class=\"__1 _cd\"> </span>el\u00e9ctrica <span class=\"__1 _cd\"> </span>inferior <span class=\"__1 _cd\"> </span>a <span class=\"__1 _cd\"> </span>150 <span class=\"__1 _c9\"> </span>kW), <span class=\"__1 _cd\"> </span>para <span class=\"__1 _cd\"> </span>las<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>instalaciones <span class=\"__1 _c9\"> </span>de<span class=\"__1 _1bc\"> </span>almacenamiento de <span class=\"__1 _70\"></span>energ\u00eda de <span class=\"__1 _70\"></span>cou<span class=\"__1 _6\"></span>bicaci\u00f3n, incluidas <span class=\"__1 _70\"></span>la<span class=\"__1 _6\"></span>s instalaciones <span class=\"__1 _70\"></span>el\u00e9ctricas<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>y <span class=\"__1 _5\"></span>t\u00e9rmicas, as\u00ed <span class=\"__1 _70\"></span>como<span class=\"__1 _1bc\"> </span>para su conexi\u00f3n a la red, situadas en zonas de aceleraci\u00f3n renovab<span class=\"__1 _6\"></span>le, no ser\u00e1 superior a seis meses.<span class=\"__1 _1bc\"> </span>Adem\u00e1s, se <span class=\"__1 _70\"></span>es<span class=\"__1 _6\"></span>tablece un <span class=\"__1 _5\"></span>proceso de <span class=\"__1 _5\"></span>evaluaci\u00f3n de <span class=\"__1 _5\"></span>impacto ambiental obligatorio <span class=\"__1 _5\"></span>en un <span class=\"__1 _5\"></span>plazo de seis<span class=\"__1 _1bc\"> </span>meses <span class=\"__1 _70\"></span>desd<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>la <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>ecisi\u00f3n <span class=\"__1 _70\"></span>ad<span class=\"__1 _6\"></span>ministrativa <span class=\"__1 _5\"></span>inicial <span class=\"__1 _70\"></span>que <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>ugiera <span class=\"__1 _70\"></span>efectos <span class=\"__1 _5\"></span>adversos <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>ignificativos <span class=\"__1 _5\"></span>no <span class=\"__1 _70\"></span>previstos<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span>Sin <span class=\"__1 _4\"></span>embargo, <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>circuns<span class=\"__1 _6\"></span>tancias <span class=\"__1 _4\"></span>excepcionales, <span class=\"__1 _4\"></span>es<span class=\"__1 _6\"></span>te <span class=\"__1 _4\"></span>plazo <span class=\"__1 _4\"></span>puede <span class=\"__1 _4\"></span>extenderse <span class=\"__1 _4\"></span>por <span class=\"__1 _4\"></span>otro<span class=\"__1 _6\"></span>s <span class=\"__1 _4\"></span>seis <span class=\"__1 _4\"></span>meses.<span class=\"__1 _1bc\"> </span>Para acelerar el despliegue de energ\u00edas renovab<span class=\"__1 _6\"></span>les y cumplir con los o<span class=\"__1 _6\"></span>bjetivos de clima y energ\u00eda, los<span class=\"__1 _1bc\"> </span>proyectos <span class=\"__1 _4\"></span>e\u00f3licos <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>solares <span class=\"__1 _4\"></span>fotovo<span class=\"__1 _6\"></span>ltaicos <span class=\"__1 _4\"></span>pueden <span class=\"__1 _4\"></span>estar <span class=\"__1 _4\"></span>exentos <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>estas <span class=\"__1 _4\"></span>evaluacion<span class=\"__1 _6\"></span>es <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>ciertas<span class=\"__1 _1bc\"> </span>situaciones ju<span class=\"__1 _6\"></span>stificadas.<span class=\"__1 _1bc\"> </span>-<span class=\"ff2_1\"> <span class=\"__1 _a8\"> </span><span class=\"ff4\">Trans<span class=\"__1 _6\"></span>porte: <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>cara<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>al <span class=\"__1 _8\"></span>incremento <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>las <span class=\"__1 _8\"></span>energ\u00edas <span class=\"__1 _6\"></span>renov<span class=\"__1 _6\"></span>ables <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>reducci\u00f3n <span class=\"__1 _6\"></span>de<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>in<span class=\"__1 _6\"></span>tensidad <span class=\"__1 _8\"></span>d<span class=\"__1 _8\"></span>e <span class=\"__1 _6\"></span>gases<span class=\"__1 _1bc\"> </span></span></span>de <span class=\"__1 _4\"></span>efecto <span class=\"__1 _8\"></span>inv<span class=\"__1 _6\"></span>ernadero <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>sector <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>transporte, <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>da <span class=\"__1 _8\"></span>a <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>Estados <span class=\"__1 _4\"></span>miembros <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>posibilidad<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>de<span class=\"__1 _1bc\"> </span>elegir <span class=\"__1 _6\"></span>entre: <span class=\"__1 _8\"></span>un <span class=\"__1 _6\"></span>objetivo<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>reducci\u00f3n <span class=\"__1 _6\"></span>del <span class=\"__1 _8\"></span>14,5% <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>intensid<span class=\"__1 _6\"></span>ad <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>gases <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>efecto<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>invernad<span class=\"__1 _6\"></span>ero<span class=\"__1 _1bc\"> </span>en el <span class=\"__1 _70\"></span>trans<span class=\"__1 _6\"></span>porte mediante <span class=\"__1 _70\"></span>el uso de <span class=\"__1 _70\"></span>E<span class=\"__1 _6\"></span>ERR o<span class=\"__1 _5\"></span> una <span class=\"__1 _70\"></span>cuo<span class=\"__1 _6\"></span>ta vinculante de <span class=\"__1 _70\"></span>al menos un <span class=\"__1 _5\"></span>29% de <span class=\"__1 _70\"></span>EERR dentro<span class=\"__1 _1bc\"> </span>del consumo de energ\u00eda final <span class=\"__1 _6\"></span>en el sector. Las <span class=\"__1 _4\"></span>n<span class=\"__1 _6\"></span>uevas <span class=\"__1 _c8\"></span>normas <span class=\"__1 _4\"></span>tienen <span class=\"__1 _c8\"></span>por <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>ubjetivo <span class=\"__1 _c8\"></span>vinculante <span class=\"__1 _4\"></span>el <span class=\"__1 _c8\"></span>5,5% <span class=\"__1 _4\"></span>para <span class=\"__1 _c8\"> </span>los <span class=\"__1 _c8\"></span>biocombustibles <span class=\"__1 _c8\"></span>avanza<span class=\"__1 _6\"></span>dos <span class=\"__1 _ca\"> </span>-<span class=\"__1 _1bc\"> </span>generalmente <span class=\"__1 _4\"></span>derivad<span class=\"__1 _6\"></span>os <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>materias <span class=\"__1 _c8\"></span>primas <span class=\"__1 _4\"></span>no <span class=\"__1 _4\"></span>producid<span class=\"__1 _6\"></span>as <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>p<span class=\"__1 _6\"></span>artir <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>cu<span class=\"__1 _8\"></span>ltivos <span class=\"__1 _4\"></span>alimenticios<span class=\"__1 _6\"></span>- <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>los<span class=\"__1 _1bc\"> </span>combustibles <span class=\"__1 _cb\"> </span>renovables  de <span class=\"__1 _cb\"> </span>origen  no <span class=\"__1 _150\"> </span>biol\u00f3<span class=\"__1 _6\"></span>gico <span class=\"__1 _150\"> </span>(RFN<span class=\"__1 _6\"></span>BO, <span class=\"__1 _150\"> </span>en <span class=\"__1 _cb\"> </span>ingl\u00e9s) <span class=\"__1 _cb\"> </span>-principalment<span class=\"__1 _6\"></span>e  hid<span class=\"__1 _6\"></span>r\u00f3geno<span class=\"__1 _1bc\"> </span>renovable <span class=\"__1 _c8\"></span>y <span class=\"__1 _c8\"></span>combustibles <span class=\"__1 _c8\"> </span>sint\u00e9ticos <span class=\"__1 _c8\"></span>basado<span class=\"__1 _6\"></span>s <span class=\"__1 _4\"></span>en <span class=\"__1 _c8\"> </span>el <span class=\"__1 _c8\"></span>hidr\u00f3geno<span class=\"__1 _6\"></span>-. <span class=\"__1 _c8\"></span>De <span class=\"__1 _4\"></span>estos<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>\u00fa<span class=\"__1 _6\"></span>ltimos <span class=\"__1 _c8\"></span>hay <span class=\"__1 _c8\"></span>un <span class=\"__1 _4\"></span>requis<span class=\"__1 _6\"></span>ito<span class=\"__1 _1bc\"> </span>m\u00ednimo de que sean un<span class=\"__1 _6\"></span> 1% de la cuo<span class=\"__1 _6\"></span>ta de en<span class=\"__1 _6\"></span>erg\u00eda renovables su<span class=\"__1 _6\"></span>ministradas al sector d<span class=\"__1 _6\"></span>el transporte<span class=\"__1 _1bc\"> </span>-<span class=\"ff2_1\"> <span class=\"__1 _a8\"> </span><span class=\"ff4\">In<span class=\"__1 _6\"></span>dustria: <span class=\"__1 _8\"></span>los <span class=\"__1 _6\"></span>E<span class=\"__1 _6\"></span>stados <span class=\"__1 _8\"></span>miembros <span class=\"__1 _8\"></span>se <span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>forzar\u00e1n <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>incremen<span class=\"__1 _6\"></span>tar <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>cuota<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>fuentes <span class=\"__1 _8\"></span>renovables<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>el<span class=\"__1 _1bc\"> </span></span></span>conjunto de f<span class=\"__1 _5\"></span>uentes energ\u00e9ticas utilizadas <span class=\"__1 _5\"></span>como e<span class=\"__1 _5\"></span>nerg\u00eda final y <span class=\"__1 _70\"></span>para fines no <span class=\"__1 _5\"></span>energ\u00e9ticos e<span class=\"__1 _5\"></span>n el <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>ecto<span class=\"__1 _6\"></span><span class=\"lsc5\">r<span class=\"__1 _1bc\"> </span></span>industrial con<span class=\"__1 _6\"></span> un aumento in<span class=\"__1 _6\"></span>dicativo de al m<span class=\"__1 _6\"></span>enos 1,6 pun<span class=\"__1 _6\"></span>tos porcentuales<span class=\"__1 _6\"></span> de media anu<span class=\"__1 _6\"></span>al calculada<span class=\"__1 _1bc\"> </span>para los p<span class=\"__1 _6\"></span>er\u00edodos de 2021 a 2025 y de 2026 a 203<span class=\"__1 _6\"></span>0. El peso <span class=\"__1 _5\"></span>espec\u00edfico de <span class=\"__1 _70\"></span>la contribuci\u00f3n de <span class=\"__1 _5\"></span>los combustibles re<span class=\"__1 _5\"></span>novables de orige<span class=\"__1 _5\"></span>n no <span class=\"__1 _5\"></span>biol\u00f3gico <span class=\"__1 _5\"></span>utilizados<span class=\"__1 _1bc\"> </span>como <span class=\"__1 _8\"></span>energ\u00eda <span class=\"__1 _8\"></span>final <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>para <span class=\"__1 _4\"></span>fine<span class=\"__1 _5\"></span>s <span class=\"__1 _8\"></span>no <span class=\"__1 _8\"></span>energ\u00e9ticos <span class=\"__1 _8\"></span>represente<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>al <span class=\"__1 _8\"></span>menos <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>42% <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>hidr\u00f3gen<span class=\"__1 _6\"></span>o <span class=\"__1 _8\"></span>utilizado<span class=\"__1 _1bc\"> </span>como <span class=\"__1 _6\"></span>energ\u00eda <span class=\"__1 _8\"></span>final <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>ara <span class=\"__1 _6\"></span>fines <span class=\"__1 _8\"></span>no <span class=\"__1 _6\"></span>energ\u00e9ticos <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>industria <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>m\u00e1s <span class=\"__1 _6\"></span>tard<span class=\"__1 _6\"></span>ar <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>2030, <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>60% <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>m\u00e1s<span class=\"__1 _1bc\"> </span>tardar en 2035.<span class=\"__1 _1bc\"> </span>-<span class=\"ff2_1\"> <span class=\"__1 _a8\"> </span><span class=\"ff4\">Bioenerg<span class=\"__1 _6\"></span>\u00eda: <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"></span>refuerzan <span class=\"__1 _c8\"> </span>los <span class=\"__1 _c8\"> </span>criterios <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>s<span class=\"__1 _6\"></span>ostenibilidad<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>aplicables <span class=\"__1 _c8\"> </span>para <span class=\"__1 _c8\"> </span>el <span class=\"__1 _c8\"> </span>uso <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c8\"></span>biomasa <span class=\"__1 _c8\"> </span>para<span class=\"__1 _1bc\"> </span></span></span>producir <span class=\"__1 _5\"></span>energ\u00eda, <span class=\"__1 _70\"></span>con <span class=\"__1 _5\"></span>el <span class=\"__1 _70\"></span>fin <span class=\"__1 _70\"></span>redu<span class=\"__1 _6\"></span>cir <span class=\"__1 _70\"></span>el <span class=\"__1 _70\"></span>riesgo de <span class=\"__1 _70\"></span>producci\u00f3n <span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>o <span class=\"__1 _70\"></span>sostenible. <span class=\"__1 _5\"></span>A <span class=\"__1 _70\"></span>tal <span class=\"__1 _5\"></span>fin, <span class=\"__1 _70\"></span>se <span class=\"__1 _70\"></span>tend<span class=\"__1 _6\"></span>r\u00e1 <span class=\"__1 _70\"></span>en <span class=\"__1 _70\"></span>cuenta<span class=\"__1 _1bc\"> </span>la <span class=\"__1 _6\"></span>jerarq<span class=\"__1 _6\"></span>u\u00eda <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>uso <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>cascad<span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>residu<span class=\"__1 _6\"></span>os <span class=\"__1 _8\"></span>definida <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>Art\u00edculo<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>4 <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>D<span class=\"__1 _6\"></span>irectiva <span class=\"__1 _8\"></span>2008/98/C<span class=\"__1 _8\"></span>E<span class=\"__1 _1bc\"> </span>1<span class=\"__1 _1bc\"> </span>, <span class=\"__1 _6\"></span>con<span class=\"__1 _1bc\"> </span>especial <span class=\"__1 _4\"></span>atenci\u00f3n <span class=\"__1 _c8\"></span>a <span class=\"__1 _4\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>sistemas<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>de <span class=\"__1 _c8\"></span>apoyo <span class=\"__1 _4\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>dando <span class=\"__1 _c8\"></span>la <span class=\"__1 _4\"></span>debida <span class=\"__1 _4\"></span>con<span class=\"__1 _6\"></span>sideraci\u00f3n <span class=\"__1 _c8\"></span>a <span class=\"__1 _4\"></span>las <span class=\"__1 _c8\"></span>particularidades<span class=\"__1 _1bc\"> </span>nacionales. Se <span class=\"__1 _70\"></span>especifica que <span class=\"__1 _5\"></span>el <span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>rincipio <span class=\"__1 _5\"></span>de <span class=\"__1 _5\"></span>uso e<span class=\"__1 _5\"></span>n cascada <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>la biomasa <span class=\"__1 _5\"></span>implica dar <span class=\"__1 _70\"></span>prio<span class=\"__1 _6\"></span>ridad al <span class=\"__1 _70\"></span>uso<span class=\"__1 _1bc\"> </span>eficiente <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>biomasa, <span class=\"__1 _8\"></span>enfoc\u00e1n<span class=\"__1 _6\"></span>dose <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>su <span class=\"__1 _8\"></span>uti<span class=\"__1 _6\"></span>lizaci\u00f3n <span class=\"__1 _8\"></span>como <span class=\"__1 _8\"></span>material <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>lugar <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>u <span class=\"__1 _8\"></span>uso <span class=\"__1 _8\"></span>para <span class=\"__1 _8\"></span>fines<span class=\"__1 _1bc\"> </span>energ\u00e9ticos siempre que s<span class=\"__1 _6\"></span>ea posib<span class=\"__1 _6\"></span>le.<span class=\"__1 _1bc\"> </span>Como <span class=\"__1 _6\"></span>aspecto <span class=\"__1 _8\"></span>relevante <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>esta <span class=\"__1 _8\"></span>directiva, <span class=\"__1 _6\"></span>cabe <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>estacar <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>actos <span class=\"__1 _8\"></span>delegados <span class=\"__1 _6\"></span>del <span class=\"__1 _8\"></span>hidr\u00f3geno <span class=\"__1 _6\"></span>pu<span class=\"__1 _6\"></span>blicados <span class=\"__1 _8\"></span>el 10<span class=\"__1 _1bc\"> </span>de febrero de 2023, entr<span class=\"__1 _6\"></span>e los que hab<span class=\"__1 _6\"></span>r\u00eda que <span class=\"__1 _6\"></span>destacar lo siguiente:<span class=\"__1 _1bc\"> </span>-<span class=\"ff2_1\"> <span class=\"__1 _a8\"> </span><span class=\"ff4\">E<span class=\"__1 _6\"></span>l <span class=\"__1 _4\"></span>Reglamento <span class=\"__1 _4\"></span>delegado <span class=\"__1 _4\"></span>(UE) <span class=\"__1 _4\"></span>2023/1184 <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>Comisi\u00f3n,<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>por <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>completa <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>Directiva <span class=\"__1 _4\"></span>(UE)<span class=\"__1 _1bc\"> </span></span></span>2018/2001 <span class=\"__1 _5\"></span>del Parlamento <span class=\"__1 _70\"></span>Eu<span class=\"__1 _6\"></span>ropeo <span class=\"__1 _5\"></span>y <span class=\"__1 _5\"></span>del <span class=\"__1 _5\"></span>Consejo <span class=\"__1 _5\"></span>establecien<span class=\"__1 _6\"></span>do <span class=\"__1 _5\"></span>una me<span class=\"__1 _5\"></span>todolog\u00eda com\u00fan <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>la Uni\u00f3n<span class=\"__1 _1bc\"> </span>en la <span class=\"__1 _6\"></span>que se d<span class=\"__1 _6\"></span>efinan normas detalladas<span class=\"__1 _6\"></span> para<span class=\"__1 _6\"></span> la <span class=\"__1 _6\"></span>producci\u00f3n de combu<span class=\"__1 _6\"></span>stibles <span class=\"__1 _6\"></span>renovables de <span class=\"__1 _6\"></span>origen no<span class=\"__1 _1bc\"> </span>biol\u00f3gico. En  dicho <span class=\"__1 _150\"> </span>reglamento  s<span class=\"__1 _6\"></span>e  definen  los  criterios <span class=\"__1 _150\"> </span>de  cu\u00e1n<span class=\"__1 _6\"></span>do  la  produ<span class=\"__1 _6\"></span>cci\u00f3n  de  RFNBOs  pueden  s<span class=\"__1 _6\"></span>er<span class=\"__1 _1bc\"> </span>considerados <span class=\"__1 _150\"> </span>renov<span class=\"__1 _6\"></span>ables.  Es<span class=\"__1 _6\"></span>tas  normas  se <span class=\"__1 _150\"> </span>aplicar\u00e1n<span class=\"__1 _6\"></span>  a  la  p<span class=\"__1 _6\"></span>roducci\u00f3n  de  carb<span class=\"__1 _6\"></span>urantes  l\u00edqu<span class=\"__1 _6\"></span>idos  y<span class=\"__1 _1bc\"> </span>gaseosos <span class=\"__1 _8\"></span>reno<span class=\"__1 _6\"></span>vables <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>origen <span class=\"__1 _8\"></span>no <span class=\"__1 _8\"></span>biol\u00f3gico <span class=\"__1 _8\"></span>mediante <span class=\"__1 _8\"></span>electr\u00f3lis<span class=\"__1 _6\"></span>is <span class=\"__1 _8\"></span>y, <span class=\"__1 _8\"></span>por <span class=\"__1 _8\"></span>analog\u00eda, <span class=\"__1 _8\"></span>para <span class=\"__1 _8\"></span>procesos <span class=\"__1 _8\"></span>de<span class=\"__1 _1bc\"> </span>producci\u00f3n menos co<span class=\"__1 _6\"></span>munes.<span class=\"__1 _1bc\"> </span>Se definen los criterios a cumplir cu<span class=\"__1 _6\"></span>ando el electrolizador no<span class=\"__1 _6\"></span> est\u00e1 y est\u00e1 conectado a la red el\u00e9ctrica,<span class=\"__1 _1bc\"> </span>destacando p<span class=\"__1 _6\"></span>ara este \u00faltimo los <span class=\"__1 _6\"></span>criterios de adicionalid<span class=\"__1 _6\"></span>ad y correlaci\u00f3n geogr\u00e1fica y<span class=\"__1 _6\"></span> temporal.<span class=\"__1 _1bc\"> </span>-<span class=\"ff2_1\"> <span class=\"__1 _a8\"> </span><span class=\"ff4\">E<span class=\"__1 _6\"></span>l <span class=\"__1 _8\"></span>Regla<span class=\"__1 _6\"></span>mento <span class=\"__1 _4\"></span>delegado <span class=\"__1 _8\"></span>(<span class=\"__1 _6\"></span>UE) <span class=\"__1 _4\"></span>2023<span class=\"__1 _5\"></span>/1185 <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>Comisi\u00f3n, <span class=\"__1 _4\"></span>estableciendo <span class=\"__1 _4\"></span>un <span class=\"__1 _4\"></span>umbral <span class=\"__1 _8\"></span>m\u00ednimo <span class=\"__1 _4\"></span>para <span class=\"__1 _4\"></span>la<span class=\"__1 _1bc\"> </span></span></span>reducci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>las <span class=\"__1 _6\"></span>emisiones <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>gases <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>efecto <span class=\"__1 _6\"></span>invernad<span class=\"__1 _6\"></span>ero <span class=\"__1 _6\"></span>aplicable <span class=\"__1 _8\"></span>a <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>combustibles <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>carbono<span class=\"__1 _1bc\"> </span>reciclado <span class=\"__1 _4\"></span>(de <span class=\"__1 _4\"></span>al <span class=\"__1 _4\"></span>menos<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>70%) <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>especificando<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>una <span class=\"__1 _4\"></span>metod<span class=\"__1 _6\"></span>olog\u00eda <span class=\"__1 _4\"></span>para <span class=\"__1 _4\"></span>evaluar <span class=\"__1 _4\"></span>la <span class=\"__1 _c8\"></span>reducci\u00f3n <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>las<span class=\"__1 _1bc\"> </span>emisiones <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>gases <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>efecto<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>invernadero <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>erivada <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>combustib<span class=\"__1 _6\"></span>les <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>carbono <span class=\"__1 _8\"></span>reciclado <span class=\"__1 _8\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>los<span class=\"__1 _1bc\"> </span>combustibles renov<span class=\"__1 _6\"></span>ables de origen no biol\u00f3gico.<span class=\"__1 _1bc\"> </span>ReFuel EU Maritime-<span class=\"__1 _1bc\"> </span>La <span class=\"__1 _c6\"> </span>iniciativa  limita <span class=\"__1 _c6\"> </span>las <span class=\"__1 _ca\"> </span>emisiones <span class=\"__1 _ca\"> </span>GEI <span class=\"__1 _c6\"> </span>de <span class=\"__1 _ca\"> </span>la <span class=\"__1 _c6\"> </span>ene<span class=\"__1 _6\"></span>rg\u00eda <span class=\"__1 _c6\"> </span>utiliza<span class=\"__1 _6\"></span>da  a <span class=\"__1 _c8\"> </span>bo<span class=\"__1 _6\"></span>rdo <span class=\"__1 _c6\"> </span>por  los <span class=\"__1 _c6\"> </span>buques  que <span class=\"__1 _c8\"> </span>llegan,  salen <span class=\"__1 _c6\"> </span>y<span class=\"__1 _1bc\"> </span>permanecen <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>puertos <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>UE <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>obligaci\u00f3n <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>sumini<span class=\"__1 _6\"></span>stro <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>electricidad <span class=\"__1 _6\"></span>des<span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>tierra <span class=\"__1 _8\"></span>o <span class=\"__1 _6\"></span>una <span class=\"__1 _8\"></span>tecnolog\u00eda<span class=\"__1 _1bc\"> </span>de emisi\u00f3n cero en p<span class=\"__1 _6\"></span>uertos UE. Y bus<span class=\"__1 _6\"></span>ca el ob<span class=\"__1 _6\"></span>jetivo de neutralidad clim\u00e1tica del s<span class=\"__1 _6\"></span>ector mar\u00edtimo a 2050.<span class=\"__1 _1bc\"> </span>Es de <span class=\"__1 _5\"></span>aplicaci\u00f3n a <span class=\"__1 _5\"></span>la energ\u00eda <span class=\"__1 _70\"></span>utilizad<span class=\"__1 _6\"></span>a en <span class=\"__1 _70\"></span>bu<span class=\"__1 _6\"></span>ques cuyo <span class=\"__1 _5\"></span>arqueo <span class=\"__1 _5\"></span>es superior <span class=\"__1 _5\"></span>a 5000 <span class=\"__1 _70\"></span>ton<span class=\"__1 _6\"></span>eladas moorse, <span class=\"__1 _5\"></span>tanto para<span class=\"__1 _1bc\"> </span>buques  d<span class=\"__1 _6\"></span>e  mercanc\u00edas <span class=\"__1 _150\"> </span>como <span class=\"__1 _cb\"> </span>de  pasajeros, <span class=\"__1 _150\"> </span>con<span class=\"__1 _6\"></span>  la  excepci\u00f3n <span class=\"__1 _cb\"> </span>de  islas <span class=\"__1 _150\"> </span>de  menos<span class=\"__1 _6\"></span>  de  2<span class=\"__1 _8\"></span>00.000  resident<span class=\"__1 _6\"></span>es<span class=\"__1 _1bc\"> </span>permanentes, <span class=\"__1 _c9\"> </span>aquellos <span class=\"__1 _c9\"> </span>desplazamientos <span class=\"__1 _c9\"> </span>entre <span class=\"__1 _c9\"> </span>regiones <span class=\"__1 _c9\"> </span>ultraperif\u00e9ricas, <span class=\"__1 _c9\"> </span>los <span class=\"__1 _c9\"> </span>Estados <span class=\"__1 _cb\"> </span>miembros <span class=\"__1 _c9\"> </span>que <span class=\"__1 _c9\"> </span>no<span class=\"__1 _1bc\"> </span>compartan <span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>inguna <span class=\"__1 _6\"></span>fron<span class=\"__1 _6\"></span>tera <span class=\"__1 _6\"></span>terrestre <span class=\"__1 _8\"></span>con <span class=\"__1 _8\"></span>otro <span class=\"__1 _6\"></span>estado <span class=\"__1 _8\"></span>y <span class=\"__1 _6\"></span>buq<span class=\"__1 _6\"></span>ues <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>pasajeros <span class=\"__1 _8\"></span>que <span class=\"__1 _6\"></span>presten <span class=\"__1 _8\"></span>servicios <span class=\"__1 _6\"></span>p\u00fa<span class=\"__1 _6\"></span>blicos<span class=\"__1 _1bc\"> </span>para rutas<span class=\"__1 _6\"></span> entre territorio conti<span class=\"__1 _6\"></span>nental e islas.<span class=\"__1 _1bc\"> </span>La <span class=\"__1 _6\"></span>intens<span class=\"__1 _6\"></span>idad <span class=\"__1 _6\"></span>media <span class=\"__1 _8\"></span>anual <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>emisi\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>gases <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>efecto <span class=\"__1 _6\"></span>inv<span class=\"__1 _6\"></span>ernadero <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>energ\u00eda <span class=\"__1 _6\"></span>utiliz<span class=\"__1 _6\"></span>ada <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>bordo <span class=\"__1 _6\"></span>por <span class=\"__1 _8\"></span>un<span class=\"__1 _1bc\"> </span>buque <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>urante <span class=\"__1 _6\"></span>un<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>per\u00edodo <span class=\"__1 _8\"></span>de n<span class=\"__1 _6\"></span>otificaci\u00f3n <span class=\"__1 _6\"></span>no <span class=\"__1 _8\"></span>superar\u00e1 <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>l\u00edmite <span class=\"__1 _6\"></span>estab<span class=\"__1 _6\"></span>lecido <span class=\"__1 _6\"></span>respecto <span class=\"__1 _8\"></span>a <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>referencia <span class=\"__1 _6\"></span>m\u00e1xima<span class=\"__1 _1bc\"> </span>de emisi\u00f3n <span class=\"__1 _6\"></span>de 91,16 <span class=\"__1 _6\"></span>gramos<span class=\"__1 _6\"></span> e<span class=\"__1 _6\"></span>q CO2/MJ <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>se establece <span class=\"__1 _6\"></span>un calend<span class=\"__1 _6\"></span>ario con<span class=\"__1 _6\"></span> una <span class=\"__1 _6\"></span>cuota <span class=\"__1 _6\"></span>m\u00ednima a p<span class=\"__1 _6\"></span>artir de <span class=\"__1 _6\"></span>2025.<span class=\"__1 _1bc\"> </span>Espec\u00edficamente, <span class=\"__1 _4\"></span>se <span class=\"__1 _8\"></span>ha <span class=\"__1 _8\"></span>marcado <span class=\"__1 _4\"></span>los <span class=\"__1 _8\"></span>siguientes <span class=\"__1 _8\"></span>ob<span class=\"__1 _6\"></span>jetivos: <span class=\"__1 _8\"></span>2% <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>2025; <span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>% <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>2030; <span class=\"__1 _8\"></span>14.5% <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>2035; <span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>1% <span class=\"__1 _8\"></span>en<span class=\"__1 _1bc\"> </span>2040; 62% en 2045 y 80<span class=\"__1 _6\"></span>% en 2050.<span class=\"__1 _1bc\"> </span>A su <span class=\"__1 _5\"></span>vez se <span class=\"__1 _70\"></span>fija adem\u00e1s se <span class=\"__1 _70\"></span>b<span class=\"__1 _6\"></span>usca un <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>ubobjetiv<span class=\"__1 _6\"></span>o de <span class=\"__1 _70\"></span>qu<span class=\"__1 _6\"></span>e <span class=\"__1 _5\"></span>al menos <span class=\"__1 _5\"></span>el <span class=\"__1 _5\"></span>2% provengan <span class=\"__1 _5\"></span>de combustibles renovables<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _4\"></span>o<span class=\"__1 _6\"></span>rigen <span class=\"__1 _4\"></span>n<span class=\"__1 _6\"></span>o <span class=\"__1 _c8\"></span>biol\u00f3gico <span class=\"__1 _4\"></span>a <span class=\"__1 _c8\"> </span>1/1<span class=\"__1 _6\"></span>/2034, <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>i <span class=\"__1 _c8\"></span>bien <span class=\"__1 _4\"></span>la <span class=\"__1 _c8\"> </span>comisi\u00f3n <span class=\"__1 _c8\"> </span>po<span class=\"__1 _6\"></span>dr\u00e1 <span class=\"__1 _c8\"> </span>quitar <span class=\"__1 _c8\"> </span>este <span class=\"__1 _c8\"></span>objetivo <span class=\"__1 _c8\"> </span>si <span class=\"__1 _c8\"></span>no <span class=\"__1 _4\"></span>h<span class=\"__1 _6\"></span>ay <span class=\"__1 _c8\"></span>capacidad <span class=\"__1 _c8\"> </span>de<span class=\"__1 _1bc\"> </span>producci\u00f3n s<span class=\"__1 _6\"></span>uficiente y los precios son d<span class=\"__1 _6\"></span>emasiado elevados.<span class=\"__1 _1bc\"> </span>La <span class=\"__1 _70\"></span>normativ<span class=\"__1 _6\"></span>a <span class=\"__1 _70\"></span>fija <span class=\"__1 _5\"></span>los <span class=\"__1 _70\"></span>criterios d<span class=\"__1 _5\"></span>e <span class=\"__1 _70\"></span>c\u00f3mo <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>deben <span class=\"__1 _5\"></span>cuantificar <span class=\"__1 _70\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>emisiones <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>gases <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>efecto <span class=\"__1 _5\"></span>invernadero <span class=\"__1 _5\"></span>desde<span class=\"__1 _1bc\"> </span>el <span class=\"__1 _8\"></span>pozo <span class=\"__1 _4\"></span>a <span class=\"__1 _6\"></span>al <span class=\"__1 _4\"></span>suministro <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>tanque <span class=\"__1 _4\"></span>del <span class=\"__1 _6\"></span>buqu<span class=\"__1 _6\"></span>e, <span class=\"__1 _8\"></span>as\u00ed <span class=\"__1 _8\"></span>como <span class=\"__1 _4\"></span>la <span class=\"__1 _6\"></span>combusti\u00f3<span class=\"__1 _6\"></span>n <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>b<span class=\"__1 _6\"></span>ordo, <span class=\"__1 _8\"></span>denominada <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>tanque <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>la<span class=\"__1 _1bc\"> </span>estela.<span class=\"__1 _1bc\"> </span>Se esta<span class=\"__1 _6\"></span>blecen <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>su <span class=\"__1 _6\"></span>vez <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>criterios <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>seguimiento <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>as <span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>misiones <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>gases <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>efecto <span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>nvernadero <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e las<span class=\"__1 _1bc\"> </span>certificaciones correspon<span class=\"__1 _6\"></span>diente requeridas<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span>Por \u00faltimo, para aquellos buques atracados en puertos de la <span class=\"__1 _5\"></span>UE se fija que a partir del 1 de <span class=\"__1 _5\"></span>enero del 2030 las<span class=\"__1 _1bc\"> </span>emisiones <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>sus <span class=\"__1 _4\"></span>consumos <span class=\"__1 _4\"></span>deber\u00e1n <span class=\"__1 _4\"></span>ser <span class=\"__1 _8\"></span>nulas,<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>modo <span class=\"__1 _8\"></span>qu<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>to<span class=\"__1 _6\"></span>da <span class=\"__1 _4\"></span>su <span class=\"__1 _8\"></span>deber\u00e1 <span class=\"__1 _4\"></span>ser <span class=\"__1 _4\"></span>cubierta <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>esde <span class=\"__1 _4\"></span>tierra <span class=\"__1 _8\"></span>con<span class=\"__1 _1bc\"> </span>energ\u00edas renovables. RefuelEU Aviation-<span class=\"__1 _1bc\"> </span>La iniciativ<span class=\"__1 _6\"></span>a busca <span class=\"__1 _6\"></span>impulsar <span class=\"__1 _6\"></span>la oferta y <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>demanda d<span class=\"__1 _6\"></span>e combustib<span class=\"__1 _6\"></span>les de <span class=\"__1 _6\"></span>aviaci\u00f3n s<span class=\"__1 _6\"></span>ostenibles (SAF) en <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>UE. La<span class=\"__1 _1bc\"> </span>finalidad  es  redu<span class=\"__1 _6\"></span>cir  la  h<span class=\"__1 _6\"></span>uella  ambiental <span class=\"__1 _150\"> </span>de<span class=\"__1 _6\"></span>  la  a<span class=\"__1 _6\"></span>viaci\u00f3n <span class=\"__1 _cb\"> </span>para  alcanzar  los<span class=\"__1 _6\"></span>  objetivos<span class=\"__1 _6\"></span>  clim\u00e1ticos  de <span class=\"__1 _150\"> </span>la <span class=\"__1 _150\"> </span>UE,<span class=\"__1 _1bc\"> </span>estableciendo <span class=\"__1 _c6\"> </span>objetivos<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>para <span class=\"__1 _c6\"> </span>el <span class=\"__1 _c6\"> </span>uso <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>S<span class=\"__1 _6\"></span>AF <span class=\"__1 _c6\"> </span>y <span class=\"__1 _c6\"> </span>combu<span class=\"__1 _6\"></span>stibles <span class=\"__1 _c6\"> </span>sint\u00e9ticos<span class=\"__1 _6\"></span>. <span class=\"__1 _c6\"> </span>La <span class=\"__1 _c6\"> </span>propuesta<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>fue <span class=\"__1 _c6\"> </span>adoptada <span class=\"__1 _c6\"> </span>p<span class=\"__1 _6\"></span>or <span class=\"__1 _c6\"> </span>la<span class=\"__1 _1bc\"> </span>Comisi\u00f3n <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>14 <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>ju<span class=\"__1 _6\"></span>lio <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>2021 <span class=\"__1 _8\"></span>como <span class=\"__1 _8\"></span>parte <span class=\"__1 _8\"></span>del <span class=\"__1 _6\"></span>paq<span class=\"__1 _6\"></span>uete <span class=\"__1 _6\"></span>'F<span class=\"__1 _6\"></span>it <span class=\"__1 _6\"></span>for <span class=\"__1 _8\"></span>55\u2019. <span class=\"__1 _8\"></span>Adem\u00e1s, <span class=\"__1 _8\"></span>es <span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>no <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>eleme<span class=\"__1 _6\"></span><span class=\"ff4\">ntos<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>la<span class=\"__1 _1bc\"> </span></span>Estrategia de Mov<span class=\"__1 _6\"></span>ilidad Inteligente y Sosten<span class=\"__1 _6\"></span>ible adoptada a finales d<span class=\"__1 _6\"></span>e 2020.<span class=\"__1 _1bc\"> </span>Las principales<span class=\"__1 _6\"></span> disposiciones del texto son<span class=\"__1 _6\"></span>:<span class=\"__1 _1bc\"> </span>-<span class=\"ff2_1\"> <span class=\"__1 _a8\"> </span><span class=\"ff4\">Se defin<span class=\"__1 _6\"></span>e somo combustib<span class=\"__1 _6\"></span>le de aviaci\u00f3n so<span class=\"__1 _6\"></span>stenible (SAF) a:<span class=\"__1 _1bc\"> </span></span></span>\u2022<span class=\"ff2_1\"> <span class=\"__1 _c7\"> </span><span class=\"ff4\">los combu<span class=\"__1 _6\"></span>stibles sin<span class=\"__1 _6\"></span>t\u00e9ticos, </span></span>\u2022<span class=\"ff2_1\"> <span class=\"__1 _c7\"> </span><span class=\"ff4\">los <span class=\"__1 _8\"></span>b<span class=\"__1 _6\"></span>iocombustibles <span class=\"__1 _8\"></span>producidos <span class=\"__1 _8\"></span>a <span class=\"__1 _4\"></span>partir <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>residuos <span class=\"__1 _8\"></span>agr\u00edcolas <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>foresta<span class=\"__1 _6\"></span>les, <span class=\"__1 _8\"></span>algas, <span class=\"__1 _8\"></span>desechos<span class=\"__1 _1bc\"> </span></span></span>de origen bio, UCO, ci<span class=\"__1 _6\"></span>ertas grasas a<span class=\"__1 _6\"></span>nimales, \u2022<span class=\"ff2_1\"> <span class=\"__1 _c7\"> </span><span class=\"ff4\">los combu<span class=\"__1 _6\"></span>stibles de av<span class=\"__1 _6\"></span>iaci\u00f3n obtenidos a p<span class=\"__1 _6\"></span>artir de gases y desechos p<span class=\"__1 _6\"></span>l\u00e1sticos </span></span>\u2022<span class=\"ff2_1\"> <span class=\"__1 _c7\"> </span><span class=\"ff4\">los  biocombustibles  que <span class=\"__1 _c6\"> </span>cumplan  con <span class=\"__1 _c6\"> </span>los<span class=\"__1 _6\"></span> <span class=\"__1 _ca\"> </span>criterios <span class=\"__1 _ca\"> </span>de <span class=\"__1 _c6\"> </span>s<span class=\"__1 _6\"></span>ostenibilidad  y <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>e  reducci\u00f3n  de<span class=\"__1 _1bc\"> </span></span></span>emisiones <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>Directiva <span class=\"__1 _8\"></span>de R<span class=\"__1 _6\"></span>enovables, <span class=\"__1 _6\"></span>excluyendo<span class=\"__1 _6\"></span> exp<span class=\"__1 _6\"></span>resamente <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>prod<span class=\"__1 _6\"></span>ucidos <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>partir<span class=\"__1 _1bc\"> </span>de cultivos alimentarios<span class=\"__1 _6\"></span> y forrajeros y<span class=\"__1 _6\"></span> los derivados d<span class=\"__1 _6\"></span>e palma y soja<span class=\"__1 _6\"></span>) y \u2022<span class=\"ff2_1\"> <span class=\"__1 _c7\"> </span><span class=\"ff4\">los combu<span class=\"__1 _6\"></span>stibles de carb<span class=\"__1 _6\"></span>ono reciclado.<span class=\"__1 _1bc\"> </span></span></span>-<span class=\"ff2_1\"> <span class=\"__1 _a8\"> </span><span class=\"ff4\">La obligaci\u00f3n para <span class=\"__1 _5\"></span>los proveedores <span class=\"__1 _5\"></span>de combustible <span class=\"__1 _5\"></span>de aviaci\u00f3n <span class=\"__1 _70\"></span>de garantizar que <span class=\"__1 _70\"></span>to<span class=\"__1 _6\"></span>do <span class=\"__1 _5\"></span>el c<span class=\"__1 _70\"></span>ombu<span class=\"__1 _6\"></span>stible<span class=\"__1 _1bc\"> </span></span></span>puesto <span class=\"__1 _c6\"> </span>a <span class=\"__1 _c8\"> </span>disposici\u00f3n <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c8\"> </span>los <span class=\"__1 _c8\"> </span>operad<span class=\"__1 _6\"></span>ores <span class=\"__1 _c8\"> </span>a\u00e9reos <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c6\"> </span>los <span class=\"__1 _c8\"> </span>aeropuertos <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c6\"> </span>UE <span class=\"__1 _c8\"> </span>contenga <span class=\"__1 _c6\"> </span>una <span class=\"__1 _c8\"> </span>cu<span class=\"__1 _6\"></span>ota<span class=\"__1 _1bc\"> </span>m\u00ednima de <span class=\"__1 _70\"></span>SAF a partir <span class=\"__1 _5\"></span>de 2025 <span class=\"__1 _70\"></span>y<span class=\"__1 _6\"></span>, a <span class=\"__1 _70\"></span>par<span class=\"__1 _6\"></span>tir de <span class=\"__1 _70\"></span>2030, una cuota <span class=\"__1 _70\"></span>m\u00ednima de <span class=\"__1 _5\"></span>combus<span class=\"__1 _6\"></span>tibles sin<span class=\"__1 _6\"></span>t\u00e9ticos, con<span class=\"__1 _1bc\"> </span>un au<span class=\"__1 _6\"></span>mento progresiv<span class=\"__1 _6\"></span>o de <span class=\"__1 _6\"></span>ambas <span class=\"__1 _6\"></span>cuotas <span class=\"__1 _6\"></span>hasta <span class=\"__1 _6\"></span>2050. Es<span class=\"__1 _6\"></span>pec\u00edficamente, se h<span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>marcado lo<span class=\"__1 _6\"></span>s <span class=\"__1 _6\"></span>siguientes<span class=\"__1 _1bc\"> </span>objetivos: <span class=\"__1 _6\"></span>(i) para <span class=\"__1 _6\"></span>SAF: <span class=\"__1 _6\"></span>2% en <span class=\"__1 _6\"></span>2025; <span class=\"__1 _6\"></span>6% <span class=\"__1 _6\"></span>en 20<span class=\"__1 _6\"></span>30; 20% <span class=\"__1 _6\"></span>en 2<span class=\"__1 _6\"></span>035; <span class=\"__1 _6\"></span>34% <span class=\"__1 _6\"></span>en 2040; <span class=\"__1 _6\"></span>42% <span class=\"__1 _6\"></span>en 20<span class=\"__1 _6\"></span>45 <span class=\"__1 _6\"></span>y 70%<span class=\"__1 _6\"></span> en<span class=\"__1 _1bc\"> </span>2050 y (ii) <span class=\"__1 _5\"></span>para combustibles sint\u00e9ticos: 1.2% <span class=\"__1 _5\"></span>en 2030; 2% en 2032; <span class=\"__1 _5\"></span>5% en 2035; <span class=\"__1 _70\"></span>au<span class=\"__1 _6\"></span>mento progresivo<span class=\"__1 _1bc\"> </span>hasta el 35% en 2050.<span class=\"__1 _1bc\"> </span>-<span class=\"ff2_1\"> <span class=\"__1 _a8\"> </span><span class=\"ff4\">E<span class=\"__1 _6\"></span>l establecimiento de un<span class=\"__1 _6\"></span> periodo tra<span class=\"__1 _6\"></span>nsitorio que p<span class=\"__1 _6\"></span>ermita a los p<span class=\"__1 _6\"></span>roveedores de combus<span class=\"__1 _6\"></span>tible alcanzar<span class=\"__1 _1bc\"> </span></span></span>el mand<span class=\"__1 _6\"></span>ato <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>mezcla <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>SAF<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>media <span class=\"__1 _6\"></span>ponderada <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e la<span class=\"__1 _6\"></span>s <span class=\"__1 _6\"></span>cantidad<span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>hayan <span class=\"__1 _6\"></span>suminis<span class=\"__1 _6\"></span>t<span class=\"__1 _8\"></span>rado <span class=\"__1 _6\"></span>en<span class=\"__1 _1bc\"> </span>toda <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>Uni\u00f3n, <span class=\"__1 _4\"></span>con <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>fin <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>facilitar <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>organ<span class=\"__1 _6\"></span>izaci\u00f3n <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>secto<span class=\"__1 _6\"></span>r <span class=\"__1 _8\"></span>durante <span class=\"__1 _8\"></span>su<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>fase <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>creaci\u00f3n, <span class=\"__1 _8\"></span>sin <span class=\"__1 _8\"></span>qu<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span>ello afecte al nivel global d<span class=\"__1 _6\"></span>e emisiones.<span class=\"__1 _1bc\"> </span>-<span class=\"ff2_1\"> <span class=\"__1 _a8\"> </span><span class=\"ff4\">Ob<span class=\"__1 _6\"></span>ligaci\u00f3n <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>que <span class=\"__1 _70\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>operadores a\u00e9reos <span class=\"__1 _70\"></span>garanticen <span class=\"__1 _70\"></span>qu<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>la <span class=\"__1 _70\"></span>c<span class=\"__1 _6\"></span>antidad<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>anual <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>combustib<span class=\"__1 _6\"></span>le <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>av<span class=\"__1 _6\"></span>iaci\u00f3n<span class=\"__1 _1bc\"> </span></span></span>transporta<span class=\"__1 _6\"></span>do <span class=\"__1 _5\"></span>a <span class=\"__1 _5\"></span>un aeropuerto <span class=\"__1 _70\"></span>de la <span class=\"__1 _70\"></span>UE determinado sea <span class=\"__1 _70\"></span>al menos <span class=\"__1 _5\"></span>el <span class=\"__1 _70\"></span>90<span class=\"__1 _6\"></span>% <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _5\"></span>combus<span class=\"__1 _6\"></span>tible <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>av<span class=\"__1 _6\"></span>iaci\u00f3n<span class=\"__1 _1bc\"> </span>anual <span class=\"__1 _5\"></span>necesario, <span class=\"__1 _70\"></span>para evitar <span class=\"__1 _70\"></span>las <span class=\"__1 _70\"></span>emisiones <span class=\"__1 _5\"></span>relacionadas <span class=\"__1 _5\"></span>con <span class=\"__1 _70\"></span>el <span class=\"__1 _70\"></span>pes<span class=\"__1 _6\"></span>o <span class=\"__1 _70\"></span>adicional causado <span class=\"__1 _70\"></span>por l<span class=\"__1 _70\"></span>as<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>pr\u00e1cticas<span class=\"__1 _1bc\"> </span>de tankering.<span class=\"__1 _1bc\"> </span>-<span class=\"ff2_1\"> <span class=\"__1 _a8\"> </span><span class=\"ff4\">Ob<span class=\"__1 _6\"></span>ligaciones <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>informaci\u00f3n <span class=\"__1 _8\"></span>para <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>provee<span class=\"__1 _6\"></span>dores <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>comb<span class=\"__1 _6\"></span>ustible <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>operad<span class=\"__1 _6\"></span>ores <span class=\"__1 _6\"></span>a\u00e9reos. <span class=\"__1 _6\"></span>A <span class=\"__1 _6\"></span>partir<span class=\"__1 _1bc\"> </span></span></span>de <span class=\"__1 _c6\"> </span>2025, <span class=\"__1 _c6\"> </span>las<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>aerol\u00edneas<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>podr\u00e1n <span class=\"__1 _ca\"> </span>disponer <span class=\"__1 _c6\"> </span>de  una <span class=\"__1 _c6\"> </span>eco<span class=\"__1 _6\"></span>-etiqueta <span class=\"__1 _c6\"> </span>que <span class=\"__1 _ca\"> </span>indique <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c6\"> </span>h<span class=\"__1 _6\"></span>uella <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>carbon<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>esperada por pas<span class=\"__1 _6\"></span>ajero y la eficiencia de CO2 esperad<span class=\"__1 _6\"></span>a por kil\u00f3metro.<span class=\"__1 _1bc\"> </span>-<span class=\"ff2_1\"> <span class=\"__1 _a8\"> </span><span class=\"ff4\">No<span class=\"__1 _6\"></span>rmas <span class=\"__1 _4\"></span>sobre <span class=\"__1 _8\"></span>las <span class=\"__1 _4\"></span>autoridades <span class=\"__1 _4\"></span>compe<span class=\"__1 _5\"></span>tente<span class=\"__1 _6\"></span>s, <span class=\"__1 _4\"></span>que <span class=\"__1 _8\"></span>ser\u00e1n <span class=\"__1 _4\"></span>designadas <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>or <span class=\"__1 _4\"></span>los <span class=\"__1 _8\"></span>Estados <span class=\"__1 _4\"></span>miem<span class=\"__1 _5\"></span>bros <span class=\"__1 _4\"></span>para<span class=\"__1 _1bc\"> </span></span></span>hacer <span class=\"__1 _cc\"> </span>cumplir <span class=\"__1 _cc\"> </span>este <span class=\"__1 _cc\"> </span>Reglam<span class=\"__1 _6\"></span>ento, <span class=\"__1 _cc\"> </span>y <span class=\"__1 _cc\"> </span>normas <span class=\"__1 _cc\"> </span>sobre <span class=\"__1 _cc\"> </span>multa<span class=\"__1 _6\"></span>s. <span class=\"__1 _cc\"> </span>Los <span class=\"__1 _cc\"> </span>ingresos <span class=\"__1 _cc\"> </span>de <span class=\"__1 _cc\"> </span>las <span class=\"__1 _cc\"> </span>multas <span class=\"__1 _cc\"> </span>po<span class=\"__1 _6\"></span>r<span class=\"__1 _1bc\"> </span>incumplimiento <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c8\"> </span>las<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>aerol\u00edneas<span class=\"__1 _6\"></span>, <span class=\"__1 _c8\"> </span>aeropu<span class=\"__1 _6\"></span>ertos <span class=\"__1 _c6\"> </span>o <span class=\"__1 _c8\"> </span>proveedores <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c8\"> </span>combu<span class=\"__1 _6\"></span>stible <span class=\"__1 _c8\"> </span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"> </span>destin<span class=\"__1 _6\"></span>ar\u00e1n <span class=\"__1 _c6\"> </span>a <span class=\"__1 _c8\"> </span>la<span class=\"__1 _1bc\"> </span>investigaci\u00f3n e innovaci\u00f3n<span class=\"__1 _6\"></span> par<span class=\"__1 _5\"></span>a salvar la diferencia <span class=\"__1 _5\"></span>de precio entre los combustibles sostenibles y los<span class=\"__1 _1bc\"> </span>convencionales.<span class=\"__1 _1bc\"> </span>Espa\u00f1a<span class=\"__1 _1bc\"> </span>La Comisi\u00f3n <span class=\"__1 _5\"></span>Nacional de <span class=\"__1 _5\"></span>Mercado y <span class=\"__1 _70\"></span>Competencia (CNMC) es <span class=\"__1 _5\"></span>un organismo <span class=\"__1 _5\"></span>independiente del <span class=\"__1 _70\"></span>Gobierno y est\u00e1<span class=\"__1 _1bc\"> </span>sujeto a <span class=\"__1 _5\"></span>control parlamentario. <span class=\"__1 _5\"></span>Este organismo <span class=\"__1 _70\"></span>t<span class=\"__1 _6\"></span>iene las f<span class=\"__1 _5\"></span>unciones de <span class=\"__1 _70\"></span>regulaci\u00f3n<span class=\"__1 _6\"></span> del <span class=\"__1 _70\"></span>mercado y la<span class=\"__1 _5\"></span> supervisi\u00f3n,<span class=\"__1 _1bc\"> </span>y <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>virtud <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>Real <span class=\"__1 _6\"></span>Decr<span class=\"__1 _6\"></span>eto-Ley <span class=\"__1 _6\"></span>1/20<span class=\"__1 _6\"></span>19, <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>11 <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>enero, <span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>mbi\u00e9n <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>compet<span class=\"__1 _6\"></span>encia <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>partir <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>a\u00f1o<span class=\"__1 _6\"></span> 202<span class=\"__1 _6\"></span>0 <span class=\"__1 _6\"></span>para<span class=\"__1 _1bc\"> </span>fijar  la  metodolog\u00eda  de  re<span class=\"__1 _5\"></span>tribuci\u00f3n<span class=\"__1 _6\"></span>,  los  peajes  y  la<span class=\"__1 _5\"></span>s  condiciones  de  acceso  a  las  red<span class=\"__1 _5\"></span>e<span class=\"__1 _6\"></span>s  de  transporte  y<span class=\"__1 _1bc\"> </span>distribuci\u00f3n d<span class=\"__1 _6\"></span>e electricidad y gas.<span class=\"__1 _1bc\"> </span>Los <span class=\"__1 _6\"></span>agentes <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>as<span class=\"__1 _6\"></span>eguran del <span class=\"__1 _6\"></span>correcto <span class=\"__1 _6\"></span>funcion<span class=\"__1 _6\"></span>amiento <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>mercado <span class=\"__1 _6\"></span>el\u00e9ctrico <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>Es<span class=\"__1 _6\"></span>pa\u00f1a <span class=\"__1 _6\"></span>son; <span class=\"__1 _6\"></span>1) <span class=\"__1 _6\"></span>Operador<span class=\"__1 _1bc\"> </span>del <span class=\"__1 _6\"></span>mercado <span class=\"__1 _6\"></span>ib\u00e9rico <span class=\"__1 _8\"></span>(OMIE): <span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>resp<span class=\"__1 _6\"></span>onsable <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>fun<span class=\"__1 _6\"></span>cionamiento <span class=\"__1 _6\"></span>del <span class=\"__1 _8\"></span>Mercado <span class=\"__1 _6\"></span>Ib\u00e9rico <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>electricida<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>(MIBEL)<span class=\"__1 _1bc\"> </span>que <span class=\"__1 _6\"></span>gestiona <span class=\"__1 _8\"></span>los <span class=\"__1 _6\"></span>mercados<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>di<span class=\"__1 _6\"></span>arios, <span class=\"__1 _6\"></span>intra<span class=\"__1 _6\"></span>diarios, <span class=\"__1 _8\"></span>y <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>lazo <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>pen\u00edns<span class=\"__1 _6\"></span>ula <span class=\"__1 _6\"></span>ib\u00e9rica <span class=\"__1 _8\"></span>(integra <span class=\"__1 _8\"></span>Espa\u00f1a <span class=\"__1 _8\"></span>y <span class=\"__1 _6\"></span>Portugal).<span class=\"__1 _1bc\"> </span>2) Operador del sistema (OS)<span class=\"__1 _5\"></span>: Red El\u00e9ctrica de Espa\u00f1a, S.A. E<span class=\"__1 _5\"></span>l OS es <span class=\"__1 _5\"></span>responsable de gestionar los me<span class=\"__1 _5\"></span>rcados de<span class=\"__1 _1bc\"> </span>ajuste <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>garan<span class=\"__1 _6\"></span>tizan <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>continuo<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>equilibrio <span class=\"__1 _8\"></span>entre <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>demanda <span class=\"__1 _8\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>generaci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>energ\u00eda <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>restricciones<span class=\"__1 _1bc\"> </span>t\u00e9cnicas que garantizan que el <span class=\"__1 _5\"></span>resultado econ\u00f3mico del mercado es <span class=\"__1 _5\"></span>compatible con la re<span class=\"__1 _5\"></span>alidad f\u00edsica de la <span class=\"__1 _5\"></span>red<span class=\"__1 _1bc\"> </span>de transporte. La <span class=\"__1 _8\"></span>Ley <span class=\"__1 _6\"></span>24/20<span class=\"__1 _6\"></span>13, <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>26 <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>diciembre <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>Sector <span class=\"__1 _8\"></span>E<span class=\"__1 _6\"></span>l\u00e9ctrico, <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>sustituye <span class=\"__1 _8\"></span>al <span class=\"__1 _8\"></span>a <span class=\"__1 _6\"></span>ley <span class=\"__1 _8\"></span>54/1997 <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>Sector <span class=\"__1 _6\"></span>El<span class=\"__1 _6\"></span>\u00e9ctrico,<span class=\"__1 _1bc\"> </span>establece <span class=\"__1 _4\"></span>como <span class=\"__1 _8\"></span>principio <span class=\"__1 _4\"></span>rector <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>principio <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>ostenibilidad <span class=\"__1 _4\"></span>econ\u00f3mica <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>financiera <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>sistema <span class=\"__1 _8\"></span>el\u00e9ctrico,<span class=\"__1 _1bc\"> </span>limitando los des<span class=\"__1 _6\"></span>ajustes por d\u00e9ficit de ingresos<span class=\"__1 _6\"></span>. Al <span class=\"__1 _8\"></span>reg<span class=\"__1 _6\"></span>irse <span class=\"__1 _4\"></span>por <span class=\"__1 _8\"></span>el <span class=\"__1 _4\"></span>principio <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>sostenibilidad<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>econ\u00f3mica <span class=\"__1 _8\"></span>y <span class=\"__1 _4\"></span>financiera <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>siste<span class=\"__1 _6\"></span>ma <span class=\"__1 _4\"></span>el\u00e9ctrico, <span class=\"__1 _4\"></span>cualquier <span class=\"__1 _8\"></span>m<span class=\"__1 _6\"></span>edida<span class=\"__1 _1bc\"> </span>regulatoria <span class=\"__1 _5\"></span>que <span class=\"__1 _5\"></span>provoque un <span class=\"__1 _70\"></span>aumento en <span class=\"__1 _70\"></span>los gastos <span class=\"__1 _5\"></span>o <span class=\"__1 _5\"></span>una <span class=\"__1 _5\"></span>reducci\u00f3n <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>ingresos del <span class=\"__1 _70\"></span>sistema <span class=\"__1 _5\"></span>el\u00e9ctrico <span class=\"__1 _5\"></span>debe<span class=\"__1 _1bc\"> </span>incorporar <span class=\"__1 _4\"></span>una <span class=\"__1 _8\"></span>reducci\u00f3n <span class=\"__1 _8\"></span>equivalente <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>otras <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>artidas <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>cos<span class=\"__1 _6\"></span>tes <span class=\"__1 _8\"></span>o <span class=\"__1 _4\"></span>un <span class=\"__1 _4\"></span>incremento <span class=\"__1 _8\"></span>equivalente <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>ingresos<span class=\"__1 _1bc\"> </span>que <span class=\"__1 _8\"></span>as<span class=\"__1 _6\"></span>egure <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>equilibrio <span class=\"__1 _4\"></span>del <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>istema. <span class=\"__1 _8\"></span>Por <span class=\"__1 _4\"></span>lo <span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>nto, <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>descarta <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>posibilidad <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>una <span class=\"__1 _8\"></span>nueva <span class=\"__1 _8\"></span>acu<span class=\"__1 _6\"></span>mulaci\u00f3n <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span>d\u00e9ficit, para <span class=\"__1 _6\"></span>lo q<span class=\"__1 _6\"></span>ue se <span class=\"__1 _6\"></span>establece adicion<span class=\"__1 _6\"></span>almente la <span class=\"__1 _6\"></span>obligaci\u00f3<span class=\"__1 _6\"></span>n de <span class=\"__1 _6\"></span>revisar d<span class=\"__1 _6\"></span>e forma au<span class=\"__1 _6\"></span>tom\u00e1tica, d<span class=\"__1 _6\"></span>esde 2014 <span class=\"__1 _6\"></span>en<span class=\"__1 _1bc\"> </span>adelante, <span class=\"__1 _4\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>peajes <span class=\"__1 _c8\"></span>y <span class=\"__1 _4\"></span>c\u00e1nones <span class=\"__1 _c8\"></span>si <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>des<span class=\"__1 _6\"></span>equilibrios <span class=\"__1 _4\"></span>temporales <span class=\"__1 _c8\"></span>entre <span class=\"__1 _4\"></span>los <span class=\"__1 _c8\"></span>ingresos <span class=\"__1 _4\"></span>y <span class=\"__1 _c8\"></span>los <span class=\"__1 _4\"></span>gastos <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _4\"></span>sistema<span class=\"__1 _1bc\"> </span>el\u00e9ctrico superan 1) el 2%<span class=\"__1 _5\"></span> de los ingresos estimados del <span class=\"__1 _5\"></span>sistema en un e<span class=\"__1 _5\"></span>jercicio, o bien 2) <span class=\"__1 _70\"></span>la deud<span class=\"__1 _6\"></span>a acumulada<span class=\"__1 _1bc\"> </span>por <span class=\"__1 _6\"></span>desaj<span class=\"__1 _6\"></span>ustes <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>ejercicios <span class=\"__1 _8\"></span>anteriores <span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>o <span class=\"__1 _8\"></span>podr\u00e1 <span class=\"__1 _6\"></span>superar <span class=\"__1 _8\"></span>el 5% <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>ingresos <span class=\"__1 _6\"></span>estimados <span class=\"__1 _6\"></span>del <span class=\"__1 _8\"></span>sistema <span class=\"__1 _6\"></span>para <span class=\"__1 _8\"></span>el<span class=\"__1 _1bc\"> </span>ejercicio.<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _c6\"> </span>28 <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>diciembre <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>2012 <span class=\"__1 _c6\"> </span>se <span class=\"__1 _c6\"> </span>public\u00f3 <span class=\"__1 _c6\"> </span>la <span class=\"__1 _ca\"> </span>Ley <span class=\"__1 _c6\"> </span>15/2012, <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c8\"> </span>27 <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>diciembre, <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c6\"> </span>medidas <span class=\"__1 _c6\"> </span>fiscales <span class=\"__1 _c6\"> </span>p<span class=\"__1 _6\"></span>ara <span class=\"__1 _c8\"> </span>la<span class=\"__1 _1bc\"> </span>sostenibilidad<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>energ\u00e9tica qu<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>afectaba, <span class=\"__1 _6\"></span>con <span class=\"__1 _6\"></span>efectos <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>artir <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>2013, <span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span> to<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>as<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>instalaciones<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e p<span class=\"__1 _6\"></span>roducci\u00f3n<span class=\"__1 _1bc\"> </span>de energ\u00eda el\u00e9ctrica en E<span class=\"__1 _6\"></span>spa\u00f1a. Tod<span class=\"__1 _6\"></span>as las ins<span class=\"__1 _6\"></span>talaciones del grupo EN<span class=\"__1 _6\"></span>CE quedaron sujeta<span class=\"__1 _6\"></span>s al impuesto sobre el<span class=\"__1 _1bc\"> </span>valor <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>producci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>energ\u00eda el\u00e9<span class=\"__1 _6\"></span>ctrica, <span class=\"__1 _6\"></span>que <span class=\"__1 _8\"></span>impone <span class=\"__1 _6\"></span>un<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>gravamen <span class=\"__1 _8\"></span>del <span class=\"__1 _6\"></span>7% <span class=\"__1 _6\"></span>sobre <span class=\"__1 _8\"></span>los <span class=\"__1 _6\"></span>ingresos <span class=\"__1 _8\"></span>por <span class=\"__1 _6\"></span>venta<span class=\"__1 _1bc\"> </span>de energ\u00eda el\u00e9ctrica.<span class=\"__1 _1bc\"> </span>Con fecha 12 de<span class=\"__1 _6\"></span> julio de 2<span class=\"__1 _6\"></span>013 se pub<span class=\"__1 _6\"></span>lic\u00f3 el Real Decr<span class=\"__1 _6\"></span>eto-l<span class=\"__1 _6\"></span>ey 9/2013, por el q<span class=\"__1 _6\"></span>ue se ad<span class=\"__1 _6\"></span>optan medidas u<span class=\"__1 _6\"></span>rgentes<span class=\"__1 _1bc\"> </span>para <span class=\"__1 _8\"></span>garantizar <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>estab<span class=\"__1 _6\"></span>ilidad <span class=\"__1 _6\"></span>financiera <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>sistema <span class=\"__1 _8\"></span>el\u00e9ctrico. <span class=\"__1 _8\"></span>Este <span class=\"__1 _8\"></span>RDL <span class=\"__1 _8\"></span>introdu<span class=\"__1 _6\"></span>jo <span class=\"__1 _8\"></span>cambios <span class=\"__1 _8\"></span>sustanciales <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>el<span class=\"__1 _1bc\"> </span>marco <span class=\"__1 _8\"></span>jur\u00eddico <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>econ\u00f3mico <span class=\"__1 _4\"></span>a<span class=\"__1 _5\"></span>plicable <span class=\"__1 _8\"></span>y <span class=\"__1 _4\"></span>derog\u00f3, <span class=\"__1 _8\"></span>entre <span class=\"__1 _8\"></span>otros, <span class=\"__1 _8\"></span>el <span class=\"__1 _4\"></span>Real <span class=\"__1 _8\"></span>Decreto <span class=\"__1 _8\"></span>661/2007, <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>25 <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>mayo, <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>el<span class=\"__1 _1bc\"> </span>Real Decreto 6/2009, de 30 de a<span class=\"__1 _6\"></span>bril, a los que estaban a<span class=\"__1 _6\"></span>cogidas, en cuanto a marco retributivo d<span class=\"__1 _6\"></span>e apoyo a las<span class=\"__1 _1bc\"> </span>energ\u00edas renovables s<span class=\"__1 _6\"></span>e refiere, las ins<span class=\"__1 _6\"></span>talaciones de producc<span class=\"__1 _6\"></span>i\u00f3n<span class=\"__1 _6\"></span> el\u00e9ctrica de ENCE ubicad<span class=\"__1 _6\"></span>as en Esp<span class=\"__1 _6\"></span>a\u00f1a. Este <span class=\"__1 _8\"></span>marco <span class=\"__1 _4\"></span>regulatorio <span class=\"__1 _8\"></span>esta<span class=\"__1 _6\"></span>bleci\u00f3 <span class=\"__1 _8\"></span>que, <span class=\"__1 _4\"></span>adicionalmente <span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>la<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>retribuci\u00f3n <span class=\"__1 _4\"></span>por <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>venta <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>energ\u00eda <span class=\"__1 _4\"></span>generada<span class=\"__1 _1bc\"> </span>valorada al precio del mercado, las in<span class=\"__1 _5\"></span>stalaciones podr\u00e1n percibir una retribuci\u00f3n especifica compuesta por<span class=\"__1 _6\"></span> <span class=\"ls1d\">un<span class=\"__1 _1bc\"> </span></span>t\u00e9rmino <span class=\"__1 _6\"></span>por <span class=\"__1 _8\"></span>unidad <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e p<span class=\"__1 _6\"></span>otencia <span class=\"__1 _6\"></span>insta<span class=\"__1 _6\"></span>lada <span class=\"__1 _6\"></span>(retribuci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>inversi\u00f3n<span class=\"__1 _6\"></span>), <span class=\"__1 _6\"></span>que <span class=\"__1 _8\"></span>cubra, <span class=\"__1 _6\"></span>cuando <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>roceda, <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>costes<span class=\"__1 _1bc\"> </span>de inversi\u00f3n d<span class=\"__1 _6\"></span>e una instalaci\u00f3n tip<span class=\"__1 _6\"></span>o que no pu<span class=\"__1 _6\"></span>eden ser recuperados p<span class=\"__1 _6\"></span>or la venta de la energ\u00eda y u<span class=\"__1 _6\"></span>n t\u00e9rmino a<span class=\"__1 _1bc\"> </span>la <span class=\"__1 _4\"></span>operaci\u00f3n <span class=\"__1 _4\"></span>(retribuci\u00f3n <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>la<span class=\"__1 _5\"></span> <span class=\"__1 _4\"></span>operaci\u00f3n) <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>cubra, <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>u <span class=\"__1 _4\"></span>caso, <span class=\"__1 _4\"></span>lo<span class=\"__1 _5\"></span>s <span class=\"__1 _4\"></span>costes <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>explot<span class=\"__1 _6\"></span>aci\u00f3n <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>una <span class=\"__1 _8\"></span>empresa<span class=\"__1 _1bc\"> </span>eficiente <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>ien <span class=\"__1 _6\"></span>gestionada,<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>que <span class=\"__1 _8\"></span>introduce <span class=\"__1 _6\"></span>un<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>par\u00e1metro <span class=\"__1 _6\"></span>que <span class=\"__1 _8\"></span>se <span class=\"__1 _6\"></span>calcular\u00e1 <span class=\"__1 _8\"></span>como <span class=\"__1 _6\"></span>diferencia <span class=\"__1 _6\"></span>entre <span class=\"__1 _8\"></span>los <span class=\"__1 _6\"></span>costes<span class=\"__1 _1bc\"> </span>reconocidos de explotaci\u00f3<span class=\"__1 _6\"></span>n y los in<span class=\"__1 _6\"></span>gresos por la participaci\u00f3<span class=\"__1 _6\"></span>n en el mercado<span class=\"__1 _6\"></span> de dicha in<span class=\"__1 _6\"></span>stalaci\u00f3n tip<span class=\"__1 _6\"></span>o. Para el <span class=\"__1 _6\"></span>c\u00e1lculo de <span class=\"__1 _6\"></span>dicha <span class=\"__1 _6\"></span>retribuci\u00f3n espec\u00edfica <span class=\"__1 _6\"></span>se cons<span class=\"__1 _6\"></span>iderar\u00e1n, p<span class=\"__1 _6\"></span>ara una ins<span class=\"__1 _6\"></span>talaci\u00f3n tipo, a <span class=\"__1 _6\"></span>lo largo <span class=\"__1 _6\"></span>de su v<span class=\"__1 _6\"></span>ida<span class=\"__1 _1bc\"> </span>\u00fatil regulatoria: los cos<span class=\"__1 _6\"></span>tes est\u00e1ndar d<span class=\"__1 _6\"></span>e explotaci\u00f3n y el v<span class=\"__1 _6\"></span>alor est\u00e1ndar de la inv<span class=\"__1 _6\"></span>ersi\u00f3n inicial (VNA). Con <span class=\"__1 _4\"></span>estos <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>ar\u00e1metros, <span class=\"__1 _4\"></span>se <span class=\"__1 _8\"></span>preten<span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>cu<span class=\"__1 _6\"></span>brir <span class=\"__1 _4\"></span>los <span class=\"__1 _8\"></span>costes<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _4\"></span>permitan <span class=\"__1 _8\"></span>co<span class=\"__1 _6\"></span>mpetir <span class=\"__1 _4\"></span>a <span class=\"__1 _8\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>instalaciones <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>nivel <span class=\"__1 _4\"></span>de<span class=\"__1 _1bc\"> </span>igualdad <span class=\"__1 _8\"></span>con <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>resto <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>las <span class=\"__1 _8\"></span>tecnolog\u00edas <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>m<span class=\"__1 _6\"></span>ercado <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>que <span class=\"__1 _6\"></span>posibiliten <span class=\"__1 _8\"></span>obtener <span class=\"__1 _6\"></span>una <span class=\"__1 _8\"></span>rentabilidad <span class=\"__1 _8\"></span>razonable.<span class=\"__1 _1bc\"> </span>Dicha  rentabilidad  razonable  tendr\u00eda <span class=\"__1 _c6\"> </span>como  referen<span class=\"__1 _6\"></span>cia,  antes  de  im<span class=\"__1 _5\"></span>puestos,  el  rendimiento  medio  e<span class=\"__1 _5\"></span>n  el<span class=\"__1 _1bc\"> </span>mercado <span class=\"__1 _150\"> </span>s<span class=\"__1 _6\"></span>ecundario <span class=\"__1 _cb\"> </span>de <span class=\"__1 _150\"> </span>las<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>Obligaciones <span class=\"__1 _150\"> </span>d<span class=\"__1 _6\"></span>el  E<span class=\"__1 _6\"></span>stado <span class=\"__1 _cb\"> </span>a <span class=\"__1 _150\"> </span>d<span class=\"__1 _6\"></span>iez <span class=\"__1 _150\"> </span>a\u00f1o<span class=\"__1 _6\"></span>s <span class=\"__1 _150\"> </span>ap<span class=\"__1 _6\"></span>licando <span class=\"__1 _cb\"> </span>el  dif<span class=\"__1 _6\"></span>erencial <span class=\"__1 _cb\"> </span>adecuado. <span class=\"__1 _150\"> </span>La<span class=\"__1 _1bc\"> </span>disposici\u00f3n <span class=\"__1 _cd\"> </span>adicion<span class=\"__1 _6\"></span>al <span class=\"__1 _cd\"> </span>primera <span class=\"__1 _c9\"> </span>del <span class=\"__1 _cd\"> </span>Real <span class=\"__1 _cd\"> </span>Decreto<span class=\"__1 _6\"></span>-ley <span class=\"__1 _cd\"> </span>9/2013 <span class=\"__1 _cd\"> </span>fij\u00f3 <span class=\"__1 _cd\"> </span>el <span class=\"__1 _c9\"> </span>di<span class=\"__1 _6\"></span>ferencial <span class=\"__1 _cd\"> </span>adecuado <span class=\"__1 _cd\"> </span>para <span class=\"__1 _cd\"> </span>aquellas<span class=\"__1 _1bc\"> </span>instalaciones <span class=\"__1 _8\"></span>acogidas <span class=\"__1 _8\"></span>al <span class=\"__1 _6\"></span>r\u00e9gimen <span class=\"__1 _8\"></span>econ\u00f3mico <span class=\"__1 _8\"></span>primado <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>300 <span class=\"__1 _8\"></span>puntos <span class=\"__1 _8\"></span>b\u00e1sicos, <span class=\"__1 _8\"></span>todo <span class=\"__1 _6\"></span>ello, <span class=\"__1 _8\"></span>sin <span class=\"__1 _6\"></span>perjuicio <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>un<span class=\"__1 _6\"></span>a<span class=\"__1 _1bc\"> </span>posible revisi\u00f3n ca<span class=\"__1 _6\"></span>da seis a\u00f1os.<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _8\"></span>10 <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>junio <span class=\"__1 _8\"></span>2014, <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>public\u00f3 <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>R<span class=\"__1 _6\"></span>eal <span class=\"__1 _8\"></span>Decreto <span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>13/2014 <span class=\"__1 _8\"></span>por <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>que <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>egula <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>activid<span class=\"__1 _6\"></span>ad <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>producci\u00f3n <span class=\"__1 _8\"></span>de<span class=\"__1 _1bc\"> </span>energ\u00eda  el\u00e9ctrica  a <span class=\"__1 _150\"> </span>p<span class=\"__1 _6\"></span>artir  de  fuentes<span class=\"__1 _6\"></span>  de  energ\u00eda  reno<span class=\"__1 _6\"></span>vables, <span class=\"__1 _150\"> </span>cogeneraci\u00f3n <span class=\"__1 _150\"> </span>y <span class=\"__1 _150\"> </span>residu<span class=\"__1 _6\"></span>os, <span class=\"__1 _150\"> </span>qu<span class=\"__1 _6\"></span>e  establece  la<span class=\"__1 _1bc\"> </span>metodolog\u00eda <span class=\"__1 _6\"></span>de<span class=\"__1 _6\"></span>l <span class=\"__1 _6\"></span>r\u00e9gimen <span class=\"__1 _8\"></span>retributivo <span class=\"__1 _8\"></span>espec\u00edfico <span class=\"__1 _6\"></span>que <span class=\"__1 _8\"></span>ser\u00e1 <span class=\"__1 _6\"></span>de<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>aplicaci\u00f3n <span class=\"__1 _8\"></span>a <span class=\"__1 _6\"></span>las <span class=\"__1 _8\"></span>instalaciones <span class=\"__1 _8\"></span>que <span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>alcancen <span class=\"__1 _8\"></span>el<span class=\"__1 _1bc\"> </span>nivel <span class=\"__1 _c8\"> </span>m\u00ednimo <span class=\"__1 _c8\"> </span>nec<span class=\"__1 _6\"></span>esario <span class=\"__1 _c8\"> </span>para <span class=\"__1 _c8\"> </span>cu<span class=\"__1 _6\"></span>brir <span class=\"__1 _c8\"> </span>los <span class=\"__1 _c8\"> </span>cos<span class=\"__1 _6\"></span>tes <span class=\"__1 _c8\"> </span>que <span class=\"__1 _c8\"> </span>les <span class=\"__1 _c8\"> </span>p<span class=\"__1 _8\"></span>ermitan <span class=\"__1 _c8\"> </span>comp<span class=\"__1 _6\"></span>etir <span class=\"__1 _c8\"></span>en <span class=\"__1 _c8\"> </span>iguald<span class=\"__1 _6\"></span>ad <span class=\"__1 _c8\"> </span>con <span class=\"__1 _c8\"> </span>el <span class=\"__1 _c8\"> </span>r<span class=\"__1 _6\"></span>esto <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>las<span class=\"__1 _1bc\"> </span>tecnolog\u00edas. <span class=\"__1 _5\"></span>Como <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>esarrollo <span class=\"__1 _70\"></span>del <span class=\"__1 _5\"></span>mismo, <span class=\"__1 _5\"></span>el <span class=\"__1 _70\"></span>20 <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>junio <span class=\"__1 _5\"></span>de <span class=\"__1 _5\"></span>2014 <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>emiti\u00f3 <span class=\"__1 _5\"></span>la <span class=\"__1 _70\"></span>Ord<span class=\"__1 _6\"></span>en <span class=\"__1 _70\"></span>IET 1045/2014 <span class=\"__1 _70\"></span>que <span class=\"__1 _70\"></span>con<span class=\"__1 _6\"></span>tiene<span class=\"__1 _1bc\"> </span>los <span class=\"__1 _c8\"> </span>p<span class=\"__1 _6\"></span>ar\u00e1metros <span class=\"__1 _c6\"> </span>retributivos <span class=\"__1 _c8\"> </span>finales<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>aplicab<span class=\"__1 _6\"></span>les <span class=\"__1 _c8\"> </span>a <span class=\"__1 _c6\"> </span>todas <span class=\"__1 _c6\"> </span>las <span class=\"__1 _c8\"></span>instalaciones<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>renovab<span class=\"__1 _6\"></span>les, <span class=\"__1 _c8\"> </span>tanto <span class=\"__1 _c6\"> </span>existen<span class=\"__1 _6\"></span>tes<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>como<span class=\"__1 _1bc\"> </span>futuras. El nuevo modelo resultante define la retribuci\u00f3n de los activos aplicable desde el 14 de julio de 2013,<span class=\"__1 _1bc\"> </span>como consecuencia del R<span class=\"__1 _6\"></span>D-L 9/2013.<span class=\"__1 _1bc\"> </span>Seg\u00fan <span class=\"__1 _8\"></span>lo <span class=\"__1 _8\"></span>estab<span class=\"__1 _6\"></span>lecido <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>Re<span class=\"__1 _6\"></span>al <span class=\"__1 _8\"></span>Decreto <span class=\"__1 _8\"></span>413/20<span class=\"__1 _6\"></span>14, <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>dete<span class=\"__1 _6\"></span>rminan <span class=\"__1 _8\"></span>per\u00edodos <span class=\"__1 _4\"></span>re<span class=\"__1 _5\"></span>gulatorios <span class=\"__1 _4\"></span>de <span class=\"__1 _6\"></span>seis <span class=\"__1 _4\"></span>a\u00f1os <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>sub<span class=\"__1 _6\"></span>-<span class=\"__1 _1bc\"> </span>periodos <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>tres <span class=\"__1 _4\"></span>a\u00f1os. <span class=\"__1 _4\"></span>Lo<span class=\"__1 _5\"></span>s <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>ar\u00e1metros <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>remuneraci\u00f3n <span class=\"__1 _8\"></span>re<span class=\"__1 _6\"></span>lacionados<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>con <span class=\"__1 _4\"></span>las <span class=\"__1 _8\"></span>previs<span class=\"__1 _6\"></span>iones <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>los <span class=\"__1 _4\"></span>precios <span class=\"__1 _8\"></span>de<span class=\"__1 _1bc\"> </span>mercado <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>ueden <span class=\"__1 _8\"></span>revisarse <span class=\"__1 _8\"></span>cada <span class=\"__1 _8\"></span>tres <span class=\"__1 _8\"></span>a\u00f1os, <span class=\"__1 _8\"></span>incorpora<span class=\"__1 _6\"></span>ndo <span class=\"__1 _8\"></span>los <span class=\"__1 _6\"></span>desv<span class=\"__1 _6\"></span>\u00edos <span class=\"__1 _8\"></span>producidos <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>su<span class=\"__1 _6\"></span>bper\u00edodo. <span class=\"__1 _8\"></span>Cada <span class=\"__1 _8\"></span>seis<span class=\"__1 _1bc\"> </span>a\u00f1os se podr\u00e1n <span class=\"__1 _5\"></span>revisar los <span class=\"__1 _5\"></span>par\u00e1metros est\u00e1ndares de las <span class=\"__1 _70\"></span>ins<span class=\"__1 _6\"></span>talaciones; excepto el <span class=\"__1 _5\"></span>valor de inversi\u00f3n <span class=\"__1 _5\"></span>inicial y <span class=\"__1 _70\"></span>la<span class=\"__1 _1bc\"> </span>vida <span class=\"__1 _6\"></span>\u00fatil <span class=\"__1 _6\"></span>regulatoria <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>perm<span class=\"__1 _6\"></span>anecer\u00e1n <span class=\"__1 _6\"></span>invariables <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>lo <span class=\"__1 _6\"></span>larg<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>vida <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>ins<span class=\"__1 _6\"></span>talaciones. <span class=\"__1 _6\"></span>Igualmente<span class=\"__1 _6\"></span> cad<span class=\"__1 _6\"></span>a<span class=\"__1 _1bc\"> </span>seis <span class=\"__1 _c8\"> </span>a\u00f1os<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>se <span class=\"__1 _c8\"> </span>podr\u00e1 <span class=\"__1 _c8\"> </span>rev<span class=\"__1 _6\"></span>isar <span class=\"__1 _c8\"> </span>el <span class=\"__1 _c8\"></span>tipo <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>inter\u00e9s <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>r<span class=\"__1 _6\"></span>etribuci\u00f3n<span class=\"__1 _6\"></span>, <span class=\"__1 _c8\"> </span>pero <span class=\"__1 _c8\"> </span>s\u00f3lo<span class=\"__1 _8\"></span> <span class=\"__1 _c8\"> </span>par<span class=\"__1 _6\"></span>a <span class=\"__1 _c8\"> </span>las <span class=\"__1 _c8\"> </span>retribuciones <span class=\"__1 _c8\"> </span>a <span class=\"__1 _c6\"> </span>futuro. <span class=\"__1 _c8\"> </span>La<span class=\"__1 _1bc\"> </span>retribuci\u00f3n <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>operaci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>una <span class=\"__1 _6\"></span>tecnolog\u00eda <span class=\"__1 _6\"></span>q<span class=\"__1 _6\"></span>ue d<span class=\"__1 _6\"></span>epende de <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>precios<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>del combu<span class=\"__1 _6\"></span>stible s<span class=\"__1 _6\"></span>e p<span class=\"__1 _6\"></span>uede aj<span class=\"__1 _6\"></span>ustar <span class=\"__1 _6\"></span>al<span class=\"__1 _1bc\"> </span>menos una vez <span class=\"__1 _6\"></span>al a\u00f1o. Este <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>istema <span class=\"__1 _8\"></span>retributivo <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>basa <span class=\"__1 _4\"></span>en <span class=\"__1 _6\"></span>una <span class=\"__1 _4\"></span>re<span class=\"__1 _5\"></span>ntabilidad <span class=\"__1 _4\"></span>razonable <span class=\"__1 _6\"></span>a <span class=\"__1 _4\"></span>las <span class=\"__1 _8\"></span>inversiones, <span class=\"__1 _8\"></span>que <span class=\"__1 _4\"></span>se<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>define <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>base <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>la<span class=\"__1 _1bc\"> </span>media d<span class=\"__1 _6\"></span>el rend<span class=\"__1 _6\"></span>imiento <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>Obligaciones <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>Es<span class=\"__1 _6\"></span>tado <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>diez <span class=\"__1 _6\"></span>a\u00f1os <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>mercado <span class=\"__1 _6\"></span>secundario <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>24 meses<span class=\"__1 _1bc\"> </span>previos <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>mes <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>mayo <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>a\u00f1o an<span class=\"__1 _6\"></span>terior <span class=\"__1 _6\"></span>al del <span class=\"__1 _6\"></span>inicio <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>periodo <span class=\"__1 _6\"></span>regulatorio <span class=\"__1 _6\"></span>in<span class=\"__1 _6\"></span>crementada <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>un <span class=\"__1 _6\"></span>diferencial,<span class=\"__1 _1bc\"> </span>que <span class=\"__1 _8\"></span>se <span class=\"__1 _6\"></span>estab<span class=\"__1 _6\"></span>lece <span class=\"__1 _6\"></span>in<span class=\"__1 _6\"></span>icialmente <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>300 <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>untos <span class=\"__1 _8\"></span>b\u00e1sicos<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>para <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>prim<span class=\"__1 _6\"></span>er <span class=\"__1 _6\"></span>per\u00edodo<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>regulato<span class=\"__1 _6\"></span>rio <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>ha <span class=\"__1 _8\"></span>finalizado <span class=\"__1 _8\"></span>el<span class=\"__1 _1bc\"> </span>31 de diciembre d<span class=\"__1 _6\"></span>e 2019, es decir, 7,398<span class=\"__1 _6\"></span>% antes de i<span class=\"__1 _6\"></span>mpuestos. Es<span class=\"__1 _6\"></span>ta rentabilidad r<span class=\"__1 _6\"></span>azonable se calcul\u00f3 a partir<span class=\"__1 _1bc\"> </span>del Valor Neto Actualizad<span class=\"__1 _6\"></span>o (VNA) que se reconoci\u00f3 inicial<span class=\"__1 _6\"></span>mente para cada insta<span class=\"__1 _6\"></span>laci\u00f3n tipo acogida el r\u00e9gimen<span class=\"__1 _1bc\"> </span>especial. Una <span class=\"__1 _70\"></span>v<span class=\"__1 _6\"></span>ez determinados los im<span class=\"__1 _5\"></span>portes correspondientes al <span class=\"__1 _5\"></span>VNA inicial <span class=\"__1 _70\"></span>y<span class=\"__1 _6\"></span> el <span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>esto de <span class=\"__1 _5\"></span>los par\u00e1metros a <span class=\"__1 _5\"></span>los<span class=\"__1 _1bc\"> </span>que se <span class=\"__1 _70\"></span>h<span class=\"__1 _6\"></span>ace re<span class=\"__1 _5\"></span>ferencia en <span class=\"__1 _70\"></span>el Real <span class=\"__1 _5\"></span>Decreto se <span class=\"__1 _5\"></span>procedi\u00f3 al <span class=\"__1 _70\"></span>c\u00e1lcu<span class=\"__1 _6\"></span>lo de <span class=\"__1 _70\"></span>la retribuci\u00f3n a <span class=\"__1 _5\"></span>la <span class=\"__1 _5\"></span>inversi\u00f3n de acuerdo <span class=\"__1 _5\"></span>con<span class=\"__1 _1bc\"> </span>la metodolog\u00eda que se recog<span class=\"__1 _6\"></span>e en el Anexo VII del c<span class=\"__1 _6\"></span>itado Real<span class=\"__1 _6\"></span> Decreto.<span class=\"__1 _1bc\"> </span>En <span class=\"__1 _70\"></span>relaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>a <span class=\"__1 _5\"></span>la <span class=\"__1 _70\"></span>retribuci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>a <span class=\"__1 _5\"></span>la <span class=\"__1 _5\"></span>operaci\u00f3n <span class=\"__1 _70\"></span>(Ro), de <span class=\"__1 _70\"></span>conformidad con <span class=\"__1 _70\"></span>la <span class=\"__1 _70\"></span>regulaci\u00f3n contenida <span class=\"__1 _70\"></span>en <span class=\"__1 _5\"></span>el <span class=\"__1 _70\"></span>RD <span class=\"__1 _5\"></span>413/2014,<span class=\"__1 _1bc\"> </span>para <span class=\"__1 _6\"></span>po<span class=\"__1 _6\"></span>der <span class=\"__1 _6\"></span>fijar <span class=\"__1 _6\"></span>ex <span class=\"__1 _8\"></span>ante <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>retribuci\u00f3n <span class=\"__1 _8\"></span>espec\u00edfica <span class=\"__1 _6\"></span>que<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>percib<span class=\"__1 _6\"></span>ir\u00e1 <span class=\"__1 _6\"></span>cad<span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>tipo <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>instalaci\u00f3n <span class=\"__1 _8\"></span>durante <span class=\"__1 _6\"></span>cada <span class=\"__1 _6\"></span>a\u00f1<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>del<span class=\"__1 _1bc\"> </span>semiperiodo <span class=\"__1 _4\"></span>o <span class=\"__1 _c8\"></span>periodo <span class=\"__1 _4\"></span>regulato<span class=\"__1 _6\"></span>rio <span class=\"__1 _4\"></span>es <span class=\"__1 _c8\"></span>necesario <span class=\"__1 _4\"></span>realizar <span class=\"__1 _c8\"></span>estimaciones <span class=\"__1 _4\"></span>a <span class=\"__1 _c8\"></span>futuro <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>precios <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _4\"></span>mercado<span class=\"__1 _1bc\"> </span>el\u00e9ctrico <span class=\"__1 _4\"></span>(en <span class=\"__1 _4\"></span>adelante <span class=\"__1 _4\"></span>\u201cprecio <span class=\"__1 _4\"></span>Pool\u201d). <span class=\"__1 _8\"></span>E<span class=\"__1 _6\"></span>stas <span class=\"__1 _4\"></span>estimaciones <span class=\"__1 _4\"></span>son <span class=\"__1 _4\"></span>revisadas <span class=\"__1 _4\"></span>transcurridos <span class=\"__1 _4\"></span>tr<span class=\"__1 _5\"></span>es <span class=\"__1 _4\"></span>a\u00f1o<span class=\"__1 _6\"></span><span class=\"ff4\">s <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>periodo<span class=\"__1 _1bc\"> </span></span>regulatorio, esto es, a<span class=\"__1 _6\"></span>l finalizar el semiperiodo regulatorio, cu<span class=\"__1 _6\"></span>antificando cual h<span class=\"__1 _6\"></span>abr\u00eda sido la Ro para cad<span class=\"__1 _6\"></span>a a\u00f1o<span class=\"__1 _1bc\"> </span>del semiperiodo si se h<span class=\"__1 _6\"></span>ubieran considerad<span class=\"__1 _6\"></span>o los precios pool reales del a\u00f1o. El <span class=\"__1 _ca\"> </span>RD <span class=\"__1 _c6\"> </span>413/2014  establece <span class=\"__1 _c6\"> </span>en  su <span class=\"__1 _c6\"> </span>art\u00edculo  22 <span class=\"__1 _c6\"> </span>un <span class=\"__1 _c6\"> </span>mecan<span class=\"__1 _6\"></span>ismo  de <span class=\"__1 _c6\"> </span>ajus<span class=\"__1 _6\"></span>te <span class=\"__1 _c6\"> </span>para  ser <span class=\"__1 _c6\"> </span>aplicado <span class=\"__1 _ca\"> </span>al <span class=\"__1 _c6\"> </span>final  de <span class=\"__1 _c6\"> </span>cada<span class=\"__1 _1bc\"> </span>semiperiodo <span class=\"__1 _8\"></span>regulatorio <span class=\"__1 _8\"></span>cuyo <span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>bjetivo <span class=\"__1 _8\"></span>es, <span class=\"__1 _6\"></span>mediante <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>definici\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>un<span class=\"__1 _6\"></span>os <span class=\"__1 _6\"></span>l\u00edmites <span class=\"__1 _8\"></span>superiores <span class=\"__1 _8\"></span>e <span class=\"__1 _8\"></span>inferiores <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>la<span class=\"__1 _1bc\"> </span>estimaci\u00f3n del p<span class=\"__1 _6\"></span>recio Pool, ge<span class=\"__1 _6\"></span>nerar en c\u00f3mputo<span class=\"__1 _6\"></span> anual un s<span class=\"__1 _6\"></span>aldo pos<span class=\"__1 _6\"></span>itivo o negativo<span class=\"__1 _6\"></span>, que se denomi<span class=\"__1 _8\"></span>na <span class=\"__1 _6\"></span>VAJDM<span class=\"__1 _1bc\"> </span>en el precio del mercad<span class=\"__1 _6\"></span>o, y que se compensar\u00e1 <span class=\"__1 _6\"></span>a lo largo de la v<span class=\"__1 _6\"></span>ida \u00fatil de la instalaci\u00f3n<span class=\"__1 _6\"></span>. En  concreto, <span class=\"__1 _c6\"> </span>el <span class=\"__1 _ca\"> </span>RD <span class=\"__1 _c6\"> </span>413/2014  establece, <span class=\"__1 _c6\"> </span>para  cada <span class=\"__1 _c6\"> </span>a\u00f1o <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _c6\"> </span>s<span class=\"__1 _6\"></span>emiperiodo <span class=\"__1 _ca\"> </span>regulatorio,  dos <span class=\"__1 _c6\"> </span>l\u00edmites  anuales<span class=\"__1 _1bc\"> </span>superiores (LS1 y LS2<span class=\"__1 _6\"></span>) y dos<span class=\"__1 _6\"></span> l\u00edmites anuales inferio<span class=\"__1 _6\"></span>res (LI1 y<span class=\"__1 _6\"></span> LI2) resp<span class=\"__1 _6\"></span>ecto del precio d<span class=\"__1 _6\"></span>el pool es<span class=\"__1 _6\"></span>timado para el<span class=\"__1 _1bc\"> </span>c\u00e1lculo <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>retribuci\u00f3n <span class=\"__1 _6\"></span>espe<span class=\"__1 _6\"></span>c\u00edfica. E<span class=\"__1 _6\"></span>stos <span class=\"__1 _6\"></span>l\u00edmites <span class=\"__1 _6\"></span>definen <span class=\"__1 _6\"></span>un<span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>banda <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>desv<span class=\"__1 _6\"></span>iaci\u00f3n <span class=\"__1 _6\"></span>m\u00ednima (entre <span class=\"__1 _6\"></span>LI<span class=\"__1 _6\"></span>1 y<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>LS1) y<span class=\"__1 _1bc\"> </span>una <span class=\"__1 _8\"></span>banda <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>desviaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>m\u00e1xima <span class=\"__1 _8\"></span>(entre <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>banda <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>desviaci\u00f3n <span class=\"__1 _6\"></span>m\u00ednima <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>l\u00edmites <span class=\"__1 _6\"></span>L<span class=\"__1 _8\"></span>I2 <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>LS2). <span class=\"__1 _8\"></span>El <span class=\"__1 _6\"></span>VAJDM <span class=\"__1 _8\"></span>se<span class=\"__1 _1bc\"> </span>calcula  en <span class=\"__1 _c6\"> </span>fun<span class=\"__1 _6\"></span>ci\u00f3n  de <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>\u00f3nde  se <span class=\"__1 _ca\"> </span>sit\u00fae  anualmente <span class=\"__1 _ca\"> </span>el  precio <span class=\"__1 _c6\"> </span>del  pool  final <span class=\"__1 _c6\"> </span>resp<span class=\"__1 _6\"></span>ecto  de <span class=\"__1 _c6\"> </span>estas<span class=\"__1 _6\"></span>  bandas <span class=\"__1 _ca\"> </span>de<span class=\"__1 _1bc\"> </span>desviaci\u00f3n, d<span class=\"__1 _6\"></span>e acuerdo a las f\u00f3rmulas recogidas<span class=\"__1 _6\"></span> en el citado<span class=\"__1 _6\"></span> RD 413/2014.<span class=\"__1 _1bc\"> </span>Si el precio del pool final anu<span class=\"__1 _6\"></span>al efectivamente registrado<span class=\"__1 _6\"></span> se sit\u00faa d<span class=\"__1 _6\"></span>entro de la banda de desviaci\u00f3n m\u00ednima, el<span class=\"__1 _1bc\"> </span>VAJDM es <span class=\"__1 _6\"></span>nulo. <span class=\"__1 _6\"></span>Si el p<span class=\"__1 _6\"></span>recio del p<span class=\"__1 _6\"></span>ool final <span class=\"__1 _6\"></span>se s<span class=\"__1 _6\"></span>it\u00faa fuera <span class=\"__1 _6\"></span>de las <span class=\"__1 _6\"></span>bandas de <span class=\"__1 _6\"></span>desviaci\u00f3n<span class=\"__1 _6\"></span> m\u00ednima, p<span class=\"__1 _6\"></span>ero entre <span class=\"__1 _6\"></span>\u00e9stas<span class=\"__1 _1bc\"> </span>y <span class=\"__1 _8\"></span>las <span class=\"__1 _6\"></span>band<span class=\"__1 _6\"></span>as <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>desviaci\u00f3n <span class=\"__1 _8\"></span>m\u00e1xima, <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>VAJDM <span class=\"__1 _8\"></span>ser\u00e1 <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>mitad <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>diferencia <span class=\"__1 _6\"></span>entre <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>l\u00edmite<span class=\"__1 _6\"></span>s <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>ban<span class=\"__1 _6\"></span>da <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span>desviaci\u00f3n <span class=\"__1 _8\"></span>m\u00ednima <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>precio <span class=\"__1 _6\"></span>final. <span class=\"__1 _8\"></span>Por <span class=\"__1 _6\"></span>\u00faltimo, <span class=\"__1 _8\"></span>si <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>precio <span class=\"__1 _8\"></span>del <span class=\"__1 _6\"></span>pool <span class=\"__1 _8\"></span>final <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>sit\u00fa<span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>m\u00e1s <span class=\"__1 _8\"></span>all\u00e1 <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>valores <span class=\"__1 _6\"></span>que<span class=\"__1 _1bc\"> </span>delimitan las <span class=\"__1 _6\"></span>bandas<span class=\"__1 _6\"></span> de <span class=\"__1 _6\"></span>desviaci\u00f3n <span class=\"__1 _6\"></span>m\u00e1xima, el V<span class=\"__1 _6\"></span>AJDM s<span class=\"__1 _6\"></span>er\u00e1 <span class=\"__1 _6\"></span>la totalida<span class=\"__1 _6\"></span>d de <span class=\"__1 _6\"></span>la d<span class=\"__1 _6\"></span>iferencia entre <span class=\"__1 _6\"></span>los l\u00edmites <span class=\"__1 _6\"></span>de la<span class=\"__1 _1bc\"> </span>banda <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>desv<span class=\"__1 _6\"></span>iaci\u00f3n <span class=\"__1 _8\"></span>m\u00e1xima <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>precio <span class=\"__1 _6\"></span>final <span class=\"__1 _8\"></span>incrementado <span class=\"__1 _8\"></span>por <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>semisuma <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>los <span class=\"__1 _6\"></span>valores <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>delimitan <span class=\"__1 _6\"></span>la<span class=\"__1 _1bc\"> </span>banda de d<span class=\"__1 _6\"></span>esviaci\u00f3n m\u00e1xima.<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _5\"></span>valor <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _70\"></span>aju<span class=\"__1 _6\"></span>ste <span class=\"__1 _70\"></span>VAJDM calculado <span class=\"__1 _5\"></span>conforme <span class=\"__1 _70\"></span>a lo <span class=\"__1 _70\"></span>dispues<span class=\"__1 _6\"></span>to <span class=\"__1 _70\"></span>en el <span class=\"__1 _70\"></span>citado art\u00edculo <span class=\"__1 _70\"></span>22 <span class=\"__1 _5\"></span>del <span class=\"__1 _70\"></span>RD 413/<span class=\"__1 _5\"></span>2014 se <span class=\"__1 _70\"></span>liquida<span class=\"__1 _1bc\"> </span>modificando al <span class=\"__1 _6\"></span>alza<span class=\"__1 _6\"></span> o <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>baja, <span class=\"__1 _6\"></span>seg\u00fan <span class=\"__1 _6\"></span>corresponda, <span class=\"__1 _6\"></span>el valo<span class=\"__1 _6\"></span>r <span class=\"__1 _6\"></span>de la <span class=\"__1 _6\"></span>retribuci\u00f3n <span class=\"__1 _6\"></span>por <span class=\"__1 _6\"></span>inversi\u00f3<span class=\"__1 _6\"></span>n (Rinv) <span class=\"__1 _6\"></span>que s<span class=\"__1 _6\"></span>er\u00e1 <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span>aplicaci\u00f3n a lo largo <span class=\"__1 _6\"></span>de la vida regulatoria restan<span class=\"__1 _6\"></span>te de la instalaci\u00f3n<span class=\"__1 _6\"></span>. Una vez que las<span class=\"__1 _6\"></span> instalaciones superen la v<span class=\"__1 _6\"></span>ida \u00fatil regulatoria dejar\u00e1n d<span class=\"__1 _6\"></span>e percibir la <span class=\"__1 _6\"></span>retribuci\u00f3n<span class=\"__1 _6\"></span> a la inversi\u00f3n y<span class=\"__1 _1bc\"> </span>la <span class=\"__1 _c6\"> </span>retribuci\u00f3n <span class=\"__1 _c6\"> </span>a <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c6\"> </span>op<span class=\"__1 _6\"></span>eraci\u00f3n. <span class=\"__1 _c6\"> </span>Asimismo, <span class=\"__1 _c6\"> </span>las<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>instalaciones <span class=\"__1 _ca\"> </span>que <span class=\"__1 _c6\"> </span>estando <span class=\"__1 _c6\"> </span>dentro<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>su <span class=\"__1 _c6\"> </span>vida <span class=\"__1 _ca\"> </span>\u00fatil <span class=\"__1 _c6\"> </span>regulatoria<span class=\"__1 _1bc\"> </span>hubieran <span class=\"__1 _4\"></span>obtenido <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>rentabilidad <span class=\"__1 _4\"></span>razonable <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>revista <span class=\"__1 _8\"></span>para <span class=\"__1 _8\"></span>ellas,<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>mantendr\u00e1n<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>retribuci<span class=\"__1 _5\"></span>\u00f3n <span class=\"__1 _8\"></span>a <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>operaci\u00f3n <span class=\"__1 _8\"></span>y<span class=\"__1 _1bc\"> </span>tendr\u00e1n una <span class=\"__1 _6\"></span>retribuci\u00f3n a la<span class=\"__1 _6\"></span> inversi\u00f3n igual a cero.<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _cb\"> </span>principio <span class=\"__1 _cb\"> </span>de <span class=\"__1 _cb\"> </span>rentabilidad <span class=\"__1 _150\"> </span>razon<span class=\"__1 _6\"></span>able <span class=\"__1 _cb\"> </span>contenido <span class=\"__1 _cb\"> </span>en <span class=\"__1 _cb\"> </span>el  Real <span class=\"__1 _cb\"> </span>Decreto <span class=\"__1 _cb\"> </span>se <span class=\"__1 _cb\"> </span>plantea <span class=\"__1 _cb\"> </span>como <span class=\"__1 _cb\"> </span>un <span class=\"__1 _cb\"> </span>principio <span class=\"__1 _cb\"> </span>de<span class=\"__1 _1bc\"> </span>rentabilidad <span class=\"__1 _c9\"> </span>m\u00ednima, <span class=\"__1 _c9\"> </span>de <span class=\"__1 _c9\"> </span>forma <span class=\"__1 _cb\"> </span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _c9\"> </span>no <span class=\"__1 _c9\"> </span>se <span class=\"__1 _cb\"> </span>con<span class=\"__1 _6\"></span>templa <span class=\"__1 _c9\"> </span>en <span class=\"__1 _c9\"> </span>\u00e9l <span class=\"__1 _cb\"> </span>ningu<span class=\"__1 _6\"></span>na <span class=\"__1 _c9\"> </span>obligaci\u00f3n <span class=\"__1 _c9\"> </span>de <span class=\"__1 _c9\"> </span>devoluci\u00f3n <span class=\"__1 _c9\"> </span>de <span class=\"__1 _cb\"> </span>las<span class=\"__1 _1bc\"> </span>compensaciones <span class=\"__1 _6\"></span>recibidas<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el cas<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el q<span class=\"__1 _6\"></span>ue <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>rentabilidad <span class=\"__1 _6\"></span>obtenida <span class=\"__1 _6\"></span>por <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>titular <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>la in<span class=\"__1 _6\"></span>stalaci\u00f3n <span class=\"__1 _6\"></span>supere<span class=\"__1 _1bc\"> </span>la  rentabilidad  prevista <span class=\"__1 _c6\"> </span>en  la <span class=\"__1 _ca\"> </span>regulaci\u00f3n,  con  la <span class=\"__1 _c6\"> </span>excepci\u00f3n  de  dos <span class=\"__1 _c6\"> </span>s<span class=\"__1 _6\"></span>upuestos  concretos; <span class=\"__1 _ca\"> </span>a)  en <span class=\"__1 _c6\"> </span>el  \u00faltimo<span class=\"__1 _1bc\"> </span>semiperiodo en el <span class=\"__1 _5\"></span>que la instalaci\u00f3n tipo alcanza el final de su vida regulatoria y <span class=\"__1 _70\"></span>b<span class=\"__1 _6\"></span>) si <span class=\"__1 _5\"></span>se produjera la salida <span class=\"__1 _5\"></span>del<span class=\"__1 _1bc\"> </span>r\u00e9gimen <span class=\"__1 _6\"></span>retributivo <span class=\"__1 _6\"></span>antes <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e finalizar <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>ida <span class=\"__1 _6\"></span>regulatoria <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>la in<span class=\"__1 _6\"></span>stalaci\u00f3n. <span class=\"__1 _6\"></span>En <span class=\"__1 _6\"></span>estos <span class=\"__1 _6\"></span>casos<span class=\"__1 _6\"></span>, el <span class=\"__1 _6\"></span>importe <span class=\"__1 _6\"></span>m\u00e1ximo<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _6\"></span>devoluci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>ser\u00eda <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>correspondiente <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>los <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>aldos <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>aj<span class=\"__1 _6\"></span>ustes <span class=\"__1 _6\"></span>negativos <span class=\"__1 _8\"></span>que <span class=\"__1 _6\"></span>surgieran <span class=\"__1 _8\"></span>e<span class=\"__1 _6\"></span>n <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>emiperiodo <span class=\"__1 _6\"></span>en<span class=\"__1 _1bc\"> </span>el que se produjeran<span class=\"__1 _6\"></span> dichas circunsta<span class=\"__1 _6\"></span>ncias.<span class=\"__1 _1bc\"> </span>La <span class=\"__1 _cb\"> </span>Orden <span class=\"__1 _cb\"> </span>IET/1045/2014, <span class=\"__1 _c9\"> </span>de <span class=\"__1 _cb\"> </span>16 <span class=\"__1 _cb\"> </span>de <span class=\"__1 _cb\"> </span>junio <span class=\"__1 _cb\"> </span>2014, <span class=\"__1 _cb\"> </span>desarroll\u00f3 <span class=\"__1 _c9\"> </span>el <span class=\"__1 _cb\"> </span>Real <span class=\"__1 _cb\"> </span>Decreto <span class=\"__1 _cb\"> </span>413/2014 <span class=\"__1 _cb\"> </span>estableciendo <span class=\"__1 _c9\"> </span>la<span class=\"__1 _1bc\"> </span>clasificaci\u00f3n <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"> </span>las <span class=\"__1 _c6\"> </span>instalaciones <span class=\"__1 _c6\"> </span>tipo <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c8\"> </span>funci\u00f3n <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c6\"> </span>tecnolog\u00eda, <span class=\"__1 _c6\"> </span>potencia <span class=\"__1 _c8\"> </span>in<span class=\"__1 _6\"></span>stalada <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c6\"> </span>a\u00f1o  de <span class=\"__1 _c8\"></span>puesta <span class=\"__1 _c6\"> </span>en<span class=\"__1 _1bc\"> </span>servicio, aprobando<span class=\"__1 _6\"></span> los par\u00e1metros de <span class=\"__1 _5\"></span>remuneraci\u00f3n para las insta<span class=\"__1 _6\"></span>laciones tipo en funcionamiento. La Orden<span class=\"__1 _1bc\"> </span>ETU/130/2017 <span class=\"__1 _4\"></span>actualiz\u00f3 <span class=\"__1 _4\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>par\u00e1metros <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>remuneraci\u00f3n <span class=\"__1 _c8\"></span>para <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>periodo <span class=\"__1 _4\"></span>2017<span class=\"__1 _6\"></span>-2019 <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>p<span class=\"__1 _6\"></span>ublic\u00f3 <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>Valor <span class=\"__1 _4\"></span>de<span class=\"__1 _1bc\"> </span>Ajuste por Desv<span class=\"__1 _6\"></span>iaciones del periodo 2014<span class=\"__1 _6\"></span>-2016.<span class=\"__1 _1bc\"> </span>En el <span class=\"__1 _70\"></span>a\u00f1<span class=\"__1 _6\"></span>o 2015 <span class=\"__1 _70\"></span>se public\u00f3 la <span class=\"__1 _5\"></span>Resoluci\u00f3n <span class=\"__1 _5\"></span>de 18 <span class=\"__1 _70\"></span>de diciembre de <span class=\"__1 _70\"></span>2015, de <span class=\"__1 _5\"></span>la Secretar\u00eda <span class=\"__1 _5\"></span>de Estado de <span class=\"__1 _70\"></span>En<span class=\"__1 _6\"></span>erg\u00eda, por<span class=\"__1 _1bc\"> </span>la  que  se  esta<span class=\"__1 _6\"></span>blecen  los  criterios <span class=\"__1 _150\"> </span>para <span class=\"__1 _150\"> </span>p<span class=\"__1 _6\"></span>articipar  en  los  servicios<span class=\"__1 _6\"></span>  de  ajus<span class=\"__1 _6\"></span>te  del  sistema  y  se  aprueban<span class=\"__1 _1bc\"> </span>determinados procedim<span class=\"__1 _6\"></span>ientos <span class=\"__1 _6\"></span>de pruebas<span class=\"__1 _6\"></span> y procedimientos d<span class=\"__1 _6\"></span>e operaci\u00f3n para <span class=\"__1 _6\"></span>su adap<span class=\"__1 _6\"></span>taci\u00f3n al Real Decreto<span class=\"__1 _1bc\"> </span>413/2014, <span class=\"__1 _5\"></span>de <span class=\"__1 _5\"></span>6 <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>ju<span class=\"__1 _6\"></span>nio, por<span class=\"__1 _5\"></span> <span class=\"__1 _5\"></span>el <span class=\"__1 _70\"></span>qu<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>regula la <span class=\"__1 _70\"></span>activid<span class=\"__1 _6\"></span>ad <span class=\"__1 _70\"></span>de producci\u00f3n <span class=\"__1 _70\"></span>de energ\u00eda <span class=\"__1 _70\"></span>el\u00e9ctrica a <span class=\"__1 _70\"></span>par<span class=\"__1 _6\"></span>tir <span class=\"__1 _70\"></span>de fuentes<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _4\"></span>energ\u00eda <span class=\"__1 _4\"></span>renovables,<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>cogeneraci\u00f3n <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>residuos<span class=\"__1 _6\"></span>. <span class=\"__1 _4\"></span>Dicha <span class=\"__1 _4\"></span>Resoluci\u00f3n <span class=\"__1 _4\"></span>h<span class=\"__1 _8\"></span>a <span class=\"__1 _4\"></span>sido <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>ap<span class=\"__1 _6\"></span>licaci\u00f3n <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>partir <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>10 <span class=\"__1 _4\"></span>de<span class=\"__1 _1bc\"> </span>febrero de <span class=\"__1 _6\"></span>2016 <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>permite <span class=\"__1 _6\"></span>participar <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>servicios <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>ajuste <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>sistema, <span class=\"__1 _6\"></span>percibiendo <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>corresp<span class=\"__1 _6\"></span>ondientes<span class=\"__1 _1bc\"> </span>ingresos, <span class=\"__1 _cb\"> </span>a <span class=\"__1 _cb\"> </span>las <span class=\"__1 _150\"> </span>ins<span class=\"__1 _6\"></span>talaciones <span class=\"__1 _cb\"> </span>renovables <span class=\"__1 _cb\"> </span>consideradas <span class=\"__1 _cb\"> </span>aptas <span class=\"__1 _cb\"> </span>y <span class=\"__1 _150\"> </span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _150\"> </span>s<span class=\"__1 _6\"></span>uperen <span class=\"__1 _cb\"> </span>las <span class=\"__1 _150\"> </span>p<span class=\"__1 _6\"></span>ruebas <span class=\"__1 _cb\"> </span>de  h<span class=\"__1 _6\"></span>abilitaci\u00f3n<span class=\"__1 _1bc\"> </span>establecidas par<span class=\"__1 _6\"></span>a cada uno de estos servicios. Determinadas in<span class=\"__1 _6\"></span>stalaciones de generaci\u00f3n d<span class=\"__1 _6\"></span>e energ\u00eda incluidas<div class=\"c_1 w2_1 h58 gs1f4\"><div class=\"t_1 m0_1 x69 h8_1 y1cd ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">en <span class=\"__1 _c6\"> </span>el <span class=\"__1 _c8\"> </span>N<span class=\"__1 _6\"></span>egocio <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>Energ\u00eda <span class=\"__1 _c6\"> </span>Re<span class=\"__1 _6\"></span>novable <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>ENCE<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>participan <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c6\"> </span>los <span class=\"__1 _c6\"> </span>Servicios <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>Aju<span class=\"__1 _6\"></span>ste <span class=\"__1 _c6\"> </span>del <span class=\"__1 _c6\"> </span>Sistema <span class=\"__1 _c6\"> </span>El\u00e9ctrico<span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x69 h8_1 y152d ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">regulados en los<span class=\"__1 _6\"></span> Procedimientos Op<span class=\"__1 _6\"></span>erativos 7.2 y<span class=\"__1 _6\"></span> 7.3 de Red E<span class=\"__1 _6\"></span>l\u00e9ctrica de Espa\u00f1<span class=\"__1 _6\"></span>a. </div><div class=\"t_1 m0_1 x69 h8_1 y152e ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">La <span class=\"__1 _70\"></span>Orden IET/1345/2015, <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>2 <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>julio, <span class=\"__1 _5\"></span>por <span class=\"__1 _70\"></span>la <span class=\"__1 _5\"></span>que <span class=\"__1 _70\"></span>se <span class=\"__1 _70\"></span>establece <span class=\"__1 _70\"></span>la me<span class=\"__1 _5\"></span>todolog\u00eda <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>actualizaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>la <span class=\"__1 _70\"></span>retribuci\u00f3n </div><div class=\"t_1 m0_1 x69 h8_1 y67e ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">a <span class=\"__1 _cd\"> </span>la <span class=\"__1 _c9\"> </span>o<span class=\"__1 _6\"></span>peraci\u00f3n <span class=\"__1 _cd\"> </span>de <span class=\"__1 _cd\"> </span>las <span class=\"__1 _cd\"> </span>instalaciones<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>con <span class=\"__1 _cd\"> </span>r\u00e9gimen <span class=\"__1 _cd\"> </span>retributivo <span class=\"__1 _cd\"> </span>espec\u00edfico, <span class=\"__1 _cd\"> </span>esta<span class=\"__1 _6\"></span>blece <span class=\"__1 _c9\"> </span>l<span class=\"__1 _6\"></span>a <span class=\"__1 _cd\"> </span>metodolog\u00eda <span class=\"__1 _cd\"> </span>de </div><div class=\"t_1 m0_1 x69 h8_1 y1585 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">actualizaci\u00f3n d<span class=\"__1 _6\"></span>e la retribuci\u00f3n a<span class=\"__1 _6\"></span> la operaci\u00f3n par<span class=\"__1 _6\"></span>a deter<span class=\"__1 _6\"></span>minadas<span class=\"__1 _6\"></span> instalaciones t<span class=\"__1 _6\"></span>ipo  y estab<span class=\"__1 _6\"></span>lece los valores<span class=\"__1 _6\"></span> de </div><div class=\"t_1 m0_1 x69 h8_1 y1586 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">la <span class=\"__1 _4\"></span>retribuci\u00f3n <span class=\"__1 _8\"></span>a <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>op<span class=\"__1 _6\"></span>eraci\u00f3n <span class=\"__1 _4\"></span>correspondientes <span class=\"__1 _4\"></span>al <span class=\"__1 _8\"></span>segun<span class=\"__1 _6\"></span>do <span class=\"__1 _4\"></span>semestre <span class=\"__1 _8\"></span>natural <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>a\u00f1o <span class=\"__1 _8\"></span>201<span class=\"__1 _6\"></span>5 <span class=\"__1 _8\"></span>res<span class=\"__1 _6\"></span>ultantes <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>la<span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x69 h8_1 y15bd ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">aplicaci\u00f3n de la citad<span class=\"__1 _6\"></span>a metodolog\u00eda a las in<span class=\"__1 _6\"></span>stal<span class=\"__1 _6\"></span>aciones tipo a las que resu<span class=\"__1 _6\"></span>lte de aplicaci\u00f3n.<span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x69 h8_1 y15be ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"__1 _70\"></span>Real <span class=\"__1 _5\"></span>Decreto-ley <span class=\"__1 _70\"></span>15/2018, de <span class=\"__1 _70\"></span>5 <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>octu<span class=\"__1 _6\"></span>bre, <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>medidas <span class=\"__1 _70\"></span>urgentes <span class=\"__1 _5\"></span>para <span class=\"__1 _70\"></span>la transici\u00f3n <span class=\"__1 _70\"></span>energ\u00e9tica <span class=\"__1 _70\"></span>y <span class=\"__1 _5\"></span>la <span class=\"__1 _70\"></span>protecci\u00f3n </div><div class=\"t_1 m0_1 x69 h8_1 y15bf ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>consumidores <span class=\"__1 _6\"></span>in<span class=\"__1 _6\"></span>clu\u00eda, <span class=\"__1 _6\"></span>entre <span class=\"__1 _8\"></span>otras, <span class=\"__1 _6\"></span>dos <span class=\"__1 _8\"></span>medidas <span class=\"__1 _8\"></span>con <span class=\"__1 _6\"></span>impacto <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>ENCE; <span class=\"__1 _8\"></span>1) <span class=\"__1 _6\"></span>se <span class=\"__1 _8\"></span>exoneraba <span class=\"__1 _6\"></span>del <span class=\"__1 _8\"></span>\u201cIm<span class=\"__1 _8\"></span><span class=\"ff4\">puesto </span></div><div class=\"t_1 m0_1 x69 h8_1 y5a5 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">sobre el Valor de la Prod<span class=\"__1 _6\"></span>ucci\u00f3n de Energ\u00eda E<span class=\"__1 _6\"></span>l\u00e9ctrica\u201d durante seis meses (octub<span class=\"__1 _6\"></span>re 2018 <span class=\"__1 _6\"></span>\u2013<span class=\"ff4\"> marzo 2019), y 2) <span class=\"__1 _6\"></span>se </span></div><div class=\"t_1 m0_1 x69 h8_1 y158a ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">modificaba <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>Ley <span class=\"__1 _8\"></span>38/1992, <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>28 <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>diciembre, <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>Impuesto<span class=\"__1 _6\"></span>s <span class=\"__1 _8\"></span>Especiales, <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>ara <span class=\"__1 _8\"></span>exonerar <span class=\"__1 _6\"></span>del <span class=\"__1 _8\"></span>Impuesto <span class=\"__1 _8\"></span>sobre </div><div class=\"t_1 m0_1 x69 h8_1 yf59 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Hidrocarburos<span class=\"__1 _6\"></span> a los productos energ\u00e9ti<span class=\"__1 _6\"></span>cos destinad<span class=\"__1 _6\"></span>os a la generaci\u00f3n de el<span class=\"__1 _6\"></span>ectricidad.<span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x69 h8_1 y3b2 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">La Orden IET/2735/201<span class=\"__1 _6\"></span>5, de 17 d<span class=\"__1 _6\"></span>e diciembre, establece los<span class=\"__1 _6\"></span> peajes de acceso de en<span class=\"__1 _6\"></span>erg\u00eda el\u00e9ctrica para 201<span class=\"__1 _6\"></span>6 y </div><div class=\"t_1 m0_1 x69 h8_1 y158b ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">aprueba determinadas instalaciones tipo <span class=\"__1 _5\"></span>y par\u00e1metros retributivos de instalaciones de <span class=\"__1 _70\"></span>prod<span class=\"__1 _6\"></span>ucci\u00f3n<span class=\"__1 _6\"></span> de energ\u00eda </div><div class=\"t_1 m0_1 x69 h8_1 y158c ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">el\u00e9ctrica a partir de fuentes<span class=\"__1 _6\"></span> de energ\u00eda renovab<span class=\"__1 _6\"></span>les, cogeneraci\u00f3n y<span class=\"__1 _6\"></span> residuos.<span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x69 h8_1 y15c0 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">La <span class=\"__1 _70\"></span>Orden IET/1209/2016, <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>2<span class=\"__1 _6\"></span>0 <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>julio, <span class=\"__1 _5\"></span>establece <span class=\"__1 _70\"></span>los <span class=\"__1 _5\"></span>valores<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>la <span class=\"__1 _70\"></span>retribuci\u00f3n a <span class=\"__1 _70\"></span>la <span class=\"__1 _70\"></span>operaci\u00f3n <span class=\"__1 _5\"></span>correspondientes </div><div class=\"t_1 m0_1 x69 h8_1 y15c1 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">al <span class=\"__1 _5\"></span>segundo seme<span class=\"__1 _5\"></span>stre natural <span class=\"__1 _70\"></span>del a\u00f1o <span class=\"__1 _70\"></span>2016. Por <span class=\"__1 _70\"></span>su<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>parte,<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>la Orden ETU<span class=\"__1 _5\"></span>/1046/2017, de <span class=\"__1 _70\"></span>27 de <span class=\"__1 _5\"></span>octubre, <span class=\"__1 _5\"></span>establece </div><div class=\"t_1 m0_1 x69 h8_1 y15c2 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">los <span class=\"__1 _8\"></span>v<span class=\"__1 _6\"></span>alores <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>retribuci\u00f3n <span class=\"__1 _8\"></span>a <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>operaci\u00f3n <span class=\"__1 _8\"></span>correspo<span class=\"__1 _6\"></span>ndientes <span class=\"__1 _8\"></span>al <span class=\"__1 _4\"></span>segundo <span class=\"__1 _8\"></span>semestre <span class=\"__1 _8\"></span>nat<span class=\"__1 _6\"></span>ural <span class=\"__1 _8\"></span>del <span class=\"__1 _4\"></span>a\u00f1o <span class=\"__1 _8\"></span>2017. <span class=\"__1 _8\"></span>La </div><div class=\"t_1 m0_1 x69 h8_1 y15c3 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Orden ETU/360/2018, d<span class=\"__1 _6\"></span>e 6 de abril, es<span class=\"__1 _6\"></span>tablece los valores d<span class=\"__1 _6\"></span>e la retribuci\u00f3n a la o<span class=\"__1 _6\"></span>peraci\u00f3n corre<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>pondientes al </div><div class=\"t_1 m0_1 x69 h8_1 y15c4 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">primer <span class=\"__1 _4\"></span>semestre<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>natu<span class=\"__1 _6\"></span>ral <span class=\"__1 _4\"></span>del <span class=\"__1 _c8\"> </span>a\u00f1o <span class=\"__1 _c8\"></span>2018. <span class=\"__1 _4\"></span>La <span class=\"__1 _4\"></span>Ord<span class=\"__1 _6\"></span>en <span class=\"__1 _4\"></span>TEC/<span class=\"__1 _6\"></span>427/2019, <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>5 <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>abril, <span class=\"__1 _c8\"> </span>estable<span class=\"__1 _6\"></span>ce <span class=\"__1 _4\"></span>los <span class=\"__1 _c8\"></span>valores <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>la </div><div class=\"t_1 m0_1 x69 h8_1 y15ba ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">retribuci\u00f3n a la op<span class=\"__1 _6\"></span>eraci\u00f3n correspond<span class=\"__1 _6\"></span>ientes al segundo s<span class=\"__1 _6\"></span>emestre natural del a\u00f1o 2018. <span class=\"__1 _8\"></span> </div><div class=\"t_1 m0_1 x69 h8_1 y317 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"__1 _6\"></span>Real <span class=\"__1 _6\"></span>Decreto-ley <span class=\"__1 _6\"></span>17/2019, <span class=\"__1 _8\"></span>de 22 <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>nov<span class=\"__1 _6\"></span>iembre, <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>or <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>adop<span class=\"__1 _6\"></span>tan <span class=\"__1 _6\"></span>medidas <span class=\"__1 _6\"></span>urgentes <span class=\"__1 _6\"></span>para <span class=\"__1 _8\"></span>la n<span class=\"__1 _6\"></span>ecesaria </div><div class=\"t_1 m0_1 x69 h8_1 y15c5 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">adaptaci\u00f3n de <span class=\"__1 _5\"></span>par\u00e1metros retributivos que <span class=\"__1 _70\"></span>afectan al <span class=\"__1 _5\"></span>sistema <span class=\"__1 _5\"></span>el\u00e9ctrico y <span class=\"__1 _5\"></span>por <span class=\"__1 _5\"></span>el que <span class=\"__1 _70\"></span>se da <span class=\"__1 _70\"></span>respu<span class=\"__1 _6\"></span>esta al <span class=\"__1 _70\"></span>proceso </div><div class=\"t_1 m0_1 x69 h8_1 y1ba ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de cese d<span class=\"__1 _6\"></span>e actividad<span class=\"__1 _6\"></span> de <span class=\"__1 _6\"></span>centrales <span class=\"__1 _6\"></span>t\u00e9rmicas de <span class=\"__1 _6\"></span>generaci\u00f3n, <span class=\"__1 _6\"></span>esta<span class=\"__1 _6\"></span>blece que e<span class=\"__1 _6\"></span>l valo<span class=\"__1 _6\"></span>r de <span class=\"__1 _6\"></span>la re<span class=\"__1 _8\"></span>ntabilidad<span class=\"__1 _6\"></span> razon<span class=\"__1 _6\"></span>able </div><div class=\"t_1 m0_1 x69 h8_1 y15c6 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">aplicable para el c\u00e1lculo de <span class=\"__1 _5\"></span>la <span class=\"__1 _5\"></span>retribuci\u00f3n espec\u00edfica que corresponde percibir a <span class=\"__1 _5\"></span>estas instalaciones, durante el </div><div class=\"t_1 m0_1 x69 h8_1 y15c7 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">periodo <span class=\"__1 _6\"></span>regulatorio <span class=\"__1 _6\"></span>comprendido <span class=\"__1 _6\"></span>entre <span class=\"__1 _6\"></span>2020<span class=\"__1 _6\"></span>-2025, <span class=\"__1 _6\"></span>ser\u00e1 <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>7,09%. <span class=\"__1 _6\"></span>Asimismo, <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>excepci\u00f3n, <span class=\"__1 _6\"></span>esta <span class=\"__1 _6\"></span>norma </div><div class=\"t_1 m0_1 x69 h8_1 y1594 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">prev\u00e9 <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>mantenimi<span class=\"__1 _6\"></span>ento <span class=\"__1 _6\"></span>op<span class=\"__1 _6\"></span>cional <span class=\"__1 _6\"></span>del <span class=\"__1 _8\"></span>actual <span class=\"__1 _6\"></span>valor <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>rentabilidad <span class=\"__1 _6\"></span>razon<span class=\"__1 _6\"></span>able <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>7,398% <span class=\"__1 _6\"></span>du<span class=\"__1 _6\"></span>rante <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>period<span class=\"__1 _6\"></span>o </div><div class=\"t_1 m0_1 x69 h8_1 y1595 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">comprendido entre <span class=\"__1 _6\"></span>2020-2031, en in<span class=\"__1 _6\"></span>stalaciones q<span class=\"__1 _6\"></span>ue tuvieran reconocida r<span class=\"__1 _6\"></span>etribuci\u00f3n pri<span class=\"__1 _6\"></span>mada a la entrad<span class=\"__1 _6\"></span>a en </div><div class=\"t_1 m0_1 x69 h8_1 y1596 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">vigor <span class=\"__1 _6\"></span>del <span class=\"__1 _8\"></span>Real <span class=\"__1 _6\"></span>Decreto-ley <span class=\"__1 _6\"></span>9/2<span class=\"__1 _6\"></span>013, <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>12 <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>julio, <span class=\"__1 _8\"></span>por <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>que <span class=\"__1 _8\"></span>se <span class=\"__1 _6\"></span>adopta<span class=\"__1 _6\"></span>n <span class=\"__1 _6\"></span>medidas <span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>rgentes <span class=\"__1 _6\"></span>para <span class=\"__1 _6\"></span>gara<span class=\"__1 _6\"></span>ntizar <span class=\"__1 _6\"></span>la </div><div class=\"t_1 m0_1 x69 h8_1 y1597 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">estabilidad <span class=\"__1 _6\"></span>financiera del <span class=\"__1 _6\"></span>sistema el\u00e9ctrico, <span class=\"__1 _6\"></span>siempre <span class=\"__1 _6\"></span>y cuan<span class=\"__1 _6\"></span>do s<span class=\"__1 _6\"></span>e cumplan <span class=\"__1 _6\"></span>una s<span class=\"__1 _6\"></span>erie de re<span class=\"__1 _6\"></span>quisitos. <span class=\"__1 _6\"></span>A todas<span class=\"__1 _6\"></span> las </div><div class=\"t_1 m0_1 x69 h8_1 y974 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">instalaciones de E<span class=\"__1 _5\"></span>NCE, que <span class=\"__1 _70\"></span>tienen una retribuci\u00f3n <span class=\"__1 _5\"></span>a la<span class=\"__1 _5\"></span> inversi\u00f3n, <span class=\"__1 _5\"></span>le <span class=\"__1 _5\"></span>es de <span class=\"__1 _70\"></span>aplicaci\u00f3n la re<span class=\"__1 _5\"></span>ntabil<span class=\"__1 _6\"></span>idad del <span class=\"__1 _5\"></span>7,398%. </div><div class=\"t_1 m0_1 x69 h8_1 y11ec ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">En n<span class=\"__1 _6\"></span>oviembre de 2019 s<span class=\"__1 _6\"></span>e pub<span class=\"__1 _6\"></span>lic\u00f3 la <span class=\"__1 _6\"></span>Circular 4/2019, <span class=\"__1 _6\"></span>por la <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>se modifica <span class=\"__1 _6\"></span>la metodolog\u00ed<span class=\"__1 _6\"></span>a de <span class=\"__1 _6\"></span>retribuci\u00f3n <span class=\"__1 _6\"></span>del </div><div class=\"t_1 m0_1 x69 h8_1 y4fc ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">operador del sistema el\u00e9ctri<span class=\"__1 _6\"></span>co, as\u00ed co<span class=\"__1 _6\"></span>mo los precios a repercutir <span class=\"__1 _6\"></span>a los agentes p<span class=\"__1 _6\"></span>ara su financiaci\u00f3n.<span class=\"__1 _8\"></span> </div><div class=\"t_1 m0_1 x69 h8_1 y11ee ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Con <span class=\"__1 _8\"></span>fecha <span class=\"__1 _6\"></span>24 <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>enero <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>2020, <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>CNMC <span class=\"__1 _8\"></span>publica <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>Cir<span class=\"__1 _6\"></span>cular <span class=\"__1 _8\"></span>3/2020, <span class=\"__1 _8\"></span>por <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>establece <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>metodolog\u00eda </div><div class=\"t_1 m0_1 x69 h8_1 y15c8 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">para el <span class=\"__1 _6\"></span>c\u00e1lculo d<span class=\"__1 _6\"></span>e los p<span class=\"__1 _6\"></span>eajes de tran<span class=\"__1 _6\"></span>sporte y <span class=\"__1 _6\"></span>distribuci\u00f3n <span class=\"__1 _6\"></span>de electricidad, <span class=\"__1 _6\"></span>y se <span class=\"__1 _6\"></span>elimina el peaje <span class=\"__1 _6\"></span>a la <span class=\"__1 _6\"></span>generaci\u00f3n </div><div class=\"t_1 m0_1 x69 h8_1 y15c9 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">establecido has<span class=\"__1 _6\"></span>ta ese momento de 0,5 \u20ac/MWh<span class=\"__1 _6\"></span>.<span class=\"__1 _6\"></span><span class=\"ff4\"> </span></div><div class=\"t_1 m0_1 x69 h8_1 y11f1 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">La Orden <span class=\"__1 _5\"></span>TED/171/2020 re<span class=\"__1 _5\"></span>visa los <span class=\"__1 _5\"></span>par\u00e1metros retributivos <span class=\"__1 _5\"></span>para la <span class=\"__1 _70\"></span>es<span class=\"__1 _6\"></span>timaci\u00f3n de <span class=\"__1 _70\"></span>la retribuci\u00f3n regulada <span class=\"__1 _5\"></span>de las<span class=\"__1 _5\"></span> </div><div class=\"t_1 m0_1 x69 h8_1 y15ca ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">renovables <span class=\"__1 _5\"></span>y <span class=\"__1 _70\"></span>cogeneraci\u00f3n para <span class=\"__1 _70\"></span>el <span class=\"__1 _70\"></span>period<span class=\"__1 _6\"></span>o <span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>egulatorio <span class=\"__1 _70\"></span>20<span class=\"__1 _6\"></span>20<span class=\"__1 _6\"></span>-2022 <span class=\"__1 _70\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>pub<span class=\"__1 _6\"></span>lica <span class=\"__1 _70\"></span>el <span class=\"__1 _5\"></span>Valor <span class=\"__1 _70\"></span>de Ajuste <span class=\"__1 _70\"></span>por <span class=\"__1 _5\"></span>Desviaciones </div><div class=\"t_1 m0_1 x69 h8_1 y15cb ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">del <span class=\"__1 _4\"></span>periodo <span class=\"__1 _4\"></span>2017-2019. <span class=\"__1 _4\"></span>Es<span class=\"__1 _6\"></span>ta <span class=\"__1 _4\"></span>orden <span class=\"__1 _4\"></span>aumenta <span class=\"__1 _4\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>horas <span class=\"__1 _4\"></span>equivalentes <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>las <span class=\"__1 _4\"></span>instalacion<span class=\"__1 _6\"></span>es <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>biomasa <span class=\"__1 _4\"></span>desde </div><div class=\"t_1 m0_1 x69 h8_1 y15cc ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">6.500 horas a 7.500 h<span class=\"__1 _6\"></span>oras. </div></div>El <span class=\"__1 _6\"></span>Real <span class=\"__1 _6\"></span>Decr<span class=\"__1 _6\"></span>eto <span class=\"__1 _6\"></span>Ley <span class=\"__1 _6\"></span>23/20<span class=\"__1 _6\"></span>20, <span class=\"__1 _8\"></span>reconoce <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>pap<span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>electrificaci\u00f3n <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>necesidad <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>mantener <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>equilibrio<span class=\"__1 _1bc\"> </span>financiero <span class=\"__1 _c8\"></span>del <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>ector, <span class=\"__1 _c8\"></span>estableciendo <span class=\"__1 _c8\"> </span>un <span class=\"__1 _c8\"> </span>amplio <span class=\"__1 _c8\"> </span>paqu<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>te <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"></span>medidas. <span class=\"__1 _c8\"> </span>En <span class=\"__1 _c8\"> </span>cuanto<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>a <span class=\"__1 _c8\"> </span>las<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>renovab<span class=\"__1 _6\"></span>les, <span class=\"__1 _c8\"></span>(i) <span class=\"__1 _4\"></span>toma<span class=\"__1 _1bc\"> </span>medidas con<span class=\"__1 _6\"></span>tra la <span class=\"__1 _6\"></span>gran <span class=\"__1 _6\"></span>cantidad<span class=\"__1 _6\"></span> de <span class=\"__1 _6\"></span>solicitudes <span class=\"__1 _6\"></span>de ac<span class=\"__1 _6\"></span>ceso, <span class=\"__1 _6\"></span>(ii) simplif<span class=\"__1 _6\"></span>ica las <span class=\"__1 _6\"></span>tramitacion<span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>administrativas<span class=\"__1 _6\"></span>, (iii)<span class=\"__1 _1bc\"> </span>permite <span class=\"__1 _4\"></span>revis<span class=\"__1 _6\"></span>ar <span class=\"__1 _c8\"></span>la <span class=\"__1 _4\"></span>plan<span class=\"__1 _6\"></span>ificaci\u00f3n <span class=\"__1 _c8\"></span>del <span class=\"__1 _c8\"></span>transporte <span class=\"__1 _c8\"></span>para <span class=\"__1 _4\"></span>la <span class=\"__1 _c8\"> </span>conexi\u00f3n <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"></span>instalaciones <span class=\"__1 _c8\"> </span>cr\u00edtica<span class=\"__1 _6\"></span>s <span class=\"__1 _c8\"> </span>para <span class=\"__1 _c8\"></span>la <span class=\"__1 _c8\"></span>transici\u00f3n<span class=\"__1 _1bc\"> </span>energ\u00e9tica, (iv) habilita la hibridaci\u00f3n de <span class=\"__1 _5\"></span>tecnolog\u00edas, y (v) crea <span class=\"__1 _5\"></span>un nuevo modelo retributivo regulado para <span class=\"__1 _5\"></span>las<span class=\"__1 _1bc\"> </span>subastas <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c8\"></span>energ\u00edas <span class=\"__1 _c8\"> </span>renovables. <span class=\"__1 _c6\"> </span>La <span class=\"__1 _c8\"> </span>retribuci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>para <span class=\"__1 _c8\"> </span>nu<span class=\"__1 _6\"></span>evas <span class=\"__1 _c8\"></span>instalaciones <span class=\"__1 _c8\"> </span>se <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>eterminar\u00e1 <span class=\"__1 _c8\"> </span>a <span class=\"__1 _c8\"> </span>trav<span class=\"__1 _6\"></span>\u00e9s <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"></span>un<span class=\"__1 _1bc\"> </span>proceso de concur<span class=\"__1 _6\"></span>rencia competitiva.<span class=\"__1 _1bc\"> </span>La <span class=\"__1 _8\"></span>Orden <span class=\"__1 _6\"></span>TED/<span class=\"__1 _6\"></span>668/2020, <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>17 <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>ju<span class=\"__1 _6\"></span>lio, <span class=\"__1 _8\"></span>establece <span class=\"__1 _8\"></span>los <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>ar\u00e1metros <span class=\"__1 _8\"></span>retributivos<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>ara <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>eriodo <span class=\"__1 _8\"></span>comprendido<span class=\"__1 _1bc\"> </span>entre el <span class=\"__1 _6\"></span>1 <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>octub<span class=\"__1 _6\"></span>re de <span class=\"__1 _6\"></span>2018 <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>30 <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>junio de <span class=\"__1 _6\"></span>2019 <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>con<span class=\"__1 _6\"></span>secuencia <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>disposici\u00f3n <span class=\"__1 _6\"></span>adicional <span class=\"__1 _6\"></span>octava<span class=\"__1 _1bc\"> </span>del <span class=\"__1 _c8\"></span>Real <span class=\"__1 _c8\"></span>Decreto<span class=\"__1 _6\"></span>-ley <span class=\"__1 _c8\"> </span>15/2018<span class=\"__1 _6\"></span>, <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>5 <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>octu<span class=\"__1 _6\"></span>bre, <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c8\"> </span>por <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c6\"> </span>que <span class=\"__1 _c8\"> </span>se <span class=\"__1 _c8\"> </span>revisan<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>los <span class=\"__1 _c8\"> </span>valo<span class=\"__1 _6\"></span>res <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"></span>la <span class=\"__1 _c8\"> </span>retribuci\u00f3n <span class=\"__1 _c8\"> </span>a <span class=\"__1 _c6\"> </span>la<span class=\"__1 _1bc\"> </span>operaci\u00f3n correspon<span class=\"__1 _6\"></span>dientes al primer semestre n<span class=\"__1 _6\"></span>atural del a\u00f1o 2019.<span class=\"__1 _1bc\"> </span>Entre <span class=\"__1 _c8\"></span>la <span class=\"__1 _c8\"></span>normativa <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>esarrollo <span class=\"__1 _c8\"> </span>del <span class=\"__1 _c8\"></span>Real <span class=\"__1 _c8\"></span>Decreto <span class=\"__1 _c8\"> </span>Ley <span class=\"__1 _c8\"> </span>23/2020, <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c8\"> </span>noviembre<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>p<span class=\"__1 _6\"></span>ublica <span class=\"__1 _c8\"></span>el <span class=\"__1 _c8\"></span>Real <span class=\"__1 _c8\"></span>Decreto<span class=\"__1 _1bc\"> </span>96<span class=\"ls0_1\">0/2020, p<span class=\"__1 _6\"></span>or el q<span class=\"__1 _6\"></span>ue se <span class=\"__1 _6\"></span>regula <span class=\"__1 _6\"></span>el r\u00e9gi<span class=\"__1 _6\"></span>men jur\u00eddico <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>econ\u00f3mico d<span class=\"__1 _6\"></span>e energ\u00edas<span class=\"__1 _6\"></span> renovab<span class=\"__1 _6\"></span>les <span class=\"__1 _6\"></span>para ins<span class=\"__1 _6\"></span>talaciones <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span></span>producci\u00f3n de energ\u00eda el<span class=\"__1 _6\"></span>\u00e9ctrica, bas<span class=\"__1 _6\"></span>ado en el reconocimiento a<span class=\"__1 _6\"></span> largo plazo d<span class=\"__1 _6\"></span>e un precio por la energ\u00eda.<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _c8\"> </span>nu<span class=\"__1 _6\"></span>evo <span class=\"__1 _c8\"> </span>marco <span class=\"__1 _c6\"> </span>retributivo <span class=\"__1 _c6\"> </span>que <span class=\"__1 _c6\"> </span>desarrolla <span class=\"__1 _c6\"> </span>se <span class=\"__1 _c8\"> </span>d<span class=\"__1 _8\"></span>enomina <span class=\"__1 _c6\"> </span>R\u00e9gimen <span class=\"__1 _c6\"> </span>Econ\u00f3mico <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>Energ\u00edas <span class=\"__1 _c6\"> </span>Renovables <span class=\"__1 _c6\"> </span>(en<span class=\"__1 _1bc\"> </span>adelante, <span class=\"__1 _70\"></span>\"<span class=\"ff3_1\">RE<span class=\"__1 _6\"></span>ER</span>\") <span class=\"__1 _70\"></span>y <span class=\"__1 _5\"></span>resulta <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>aplicaci\u00f3n a <span class=\"__1 _70\"></span>las <span class=\"__1 _70\"></span>instalaciones <span class=\"__1 _5\"></span>que <span class=\"__1 _70\"></span>utilicen <span class=\"__1 _70\"></span>como e<span class=\"__1 _5\"></span>nerg\u00eda <span class=\"__1 _70\"></span>prim<span class=\"__1 _6\"></span>aria <span class=\"__1 _70\"></span>la e<span class=\"__1 _5\"></span>nerg\u00eda <span class=\"__1 _70\"></span>so<span class=\"__1 _6\"></span>lar,<span class=\"__1 _1bc\"> </span>e\u00f3lica, <span class=\"__1 _5\"></span>geot\u00e9rmica <span class=\"__1 _5\"></span>o <span class=\"__1 _70\"></span>h<span class=\"__1 _6\"></span>idrot\u00e9rmica, as\u00ed <span class=\"__1 _70\"></span>como determinadas ce<span class=\"__1 _5\"></span>ntrales hidroel\u00e9ctricas <span class=\"__1 _70\"></span>o de generaci\u00f3n <span class=\"__1 _70\"></span>median<span class=\"__1 _6\"></span>te<span class=\"__1 _1bc\"> </span>biomasa (y <span class=\"__1 _70\"></span>aquellas con<span class=\"__1 _5\"></span>stituidas por <span class=\"__1 _70\"></span>diferentes <span class=\"__1 _5\"></span>tecnolog\u00edas <span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _5\"></span>dispongan <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>istemas <span class=\"__1 _70\"></span>de almacenamiento).<span class=\"__1 _1bc\"> </span>La percepci\u00f3n <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e los derechos <span class=\"__1 _5\"></span>econ\u00f3micos del REER <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>e basa en <span class=\"__1 _70\"></span>un<span class=\"__1 _6\"></span> mecanismo <span class=\"__1 _5\"></span>de subasta y <span class=\"__1 _5\"></span>est\u00e1 condicionada<span class=\"__1 _1bc\"> </span>a <span class=\"__1 _6\"></span>que <span class=\"__1 _8\"></span>las <span class=\"__1 _6\"></span>instalaciones <span class=\"__1 _8\"></span>sean <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>resultad<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>una <span class=\"__1 _6\"></span>nu<span class=\"__1 _6\"></span>eva <span class=\"__1 _6\"></span>inversi\u00f3n <span class=\"__1 _6\"></span>realizada <span class=\"__1 _8\"></span>con <span class=\"__1 _6\"></span>posterioridad <span class=\"__1 _8\"></span>a <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>celebraci\u00f3n<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _70\"></span>la <span class=\"__1 _5\"></span>subasta <span class=\"__1 _70\"></span>(las <span class=\"__1 _5\"></span>instalaciones <span class=\"__1 _70\"></span>existen<span class=\"__1 _6\"></span>tes <span class=\"__1 _70\"></span>que lle<span class=\"__1 _5\"></span>ven <span class=\"__1 _70\"></span>a <span class=\"__1 _70\"></span>cab<span class=\"__1 _6\"></span>o <span class=\"__1 _70\"></span>una <span class=\"__1 _70\"></span>modificaci\u00f3n o <span class=\"__1 _70\"></span>ampliaci\u00f3n <span class=\"__1 _70\"></span>podr\u00e1n <span class=\"__1 _70\"></span>b<span class=\"__1 _6\"></span>eneficiarse<span class=\"__1 _1bc\"> </span>del <span class=\"__1 _4\"></span>REER <span class=\"__1 _c8\"></span>en <span class=\"__1 _4\"></span>la <span class=\"__1 _c8\"></span>parte <span class=\"__1 _4\"></span>corr<span class=\"__1 _6\"></span>espondiente <span class=\"__1 _c8\"></span>a <span class=\"__1 _4\"></span>la <span class=\"__1 _c8\"></span>nueva <span class=\"__1 _4\"></span>inv<span class=\"__1 _6\"></span>ersi\u00f3n<span class=\"__1 _6\"></span>, <span class=\"__1 _c8\"></span>siempre <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>esta<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>\u00faltima <span class=\"__1 _c8\"></span>resulte <span class=\"__1 _c8\"></span>determinable<span class=\"__1 _1bc\"> </span>mediante <span class=\"__1 _c8\"></span>equipos <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>m<span class=\"__1 _6\"></span>edida). <span class=\"__1 _c8\"></span>Con <span class=\"__1 _c8\"></span>car\u00e1cter <span class=\"__1 _c8\"></span>general, <span class=\"__1 _c8\"></span>su <span class=\"__1 _c8\"></span>percepci\u00f3n <span class=\"__1 _c8\"></span>ser\u00e1 <span class=\"__1 _4\"></span>inco<span class=\"__1 _6\"></span>mpatible <span class=\"__1 _c8\"> </span>con <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c8\"> </span>del <span class=\"__1 _c8\"></span>r\u00e9gimen<span class=\"__1 _1bc\"> </span>retributivo espec\u00edfico u otra<span class=\"__1 _6\"></span>s ayudas<span class=\"__1 _6\"></span> otorgadas con<span class=\"__1 _6\"></span> la misma finalidad y para <span class=\"__1 _6\"></span>la misma inversi\u00f3n.<span class=\"__1 _1bc\"> </span>Por <span class=\"__1 _8\"></span>Orden<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>Ministra <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>Transici\u00f3n <span class=\"__1 _8\"></span>E<span class=\"__1 _6\"></span>col\u00f3gica <span class=\"__1 _8\"></span>y <span class=\"__1 _4\"></span>Reto <span class=\"__1 _8\"></span>Demogr\u00e1fico <span class=\"__1 _4\"></span>se <span class=\"__1 _8\"></span>regular\u00e1 <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>mecanis<span class=\"__1 _6\"></span>mo <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>ubasta<span class=\"__1 _1bc\"> </span>para el otorgamiento del REE<span class=\"__1 _6\"></span>R, que podr\u00e1<span class=\"__1 _6\"></span> incluir las tecnolog\u00edas, con<span class=\"__1 _6\"></span>diciones y garant\u00edas para <span class=\"__1 _6\"></span>participar en la<span class=\"__1 _1bc\"> </span>subasta,  e<span class=\"__1 _5\"></span>l <span class=\"__1 _c6\"> </span>produ<span class=\"__1 _6\"></span>cto <span class=\"__1 _c6\"> </span>a <span class=\"__1 _c6\"> </span>subastar<span class=\"__1 _6\"></span>, <span class=\"__1 _c6\"> </span>as\u00ed  como <span class=\"__1 _c8\"> </span>los <span class=\"__1 _ca\"> </span>par<span class=\"__1 _6\"></span>\u00e1metros <span class=\"__1 _c6\"> </span>y<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>el <span class=\"__1 _c6\"> </span>resto <span class=\"__1 _ca\"> </span>de <span class=\"__1 _c6\"> </span>los  ele<span class=\"__1 _5\"></span>mentos <span class=\"__1 _c6\"> </span>qu<span class=\"__1 _6\"></span>e <span class=\"__1 _c6\"> </span>configuran  y<span class=\"__1 _1bc\"> </span>concretan <span class=\"__1 _c8\"> </span>el <span class=\"__1 _c8\"> </span>r\u00e9gi<span class=\"__1 _6\"></span>men <span class=\"__1 _c8\"></span>econ\u00f3mico <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>energ\u00edas <span class=\"__1 _c8\"> </span>reno<span class=\"__1 _6\"></span>vables. <span class=\"__1 _c8\"> </span>La <span class=\"__1 _c6\"> </span>adjudicaci\u00f3n <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"></span>los <span class=\"__1 _c8\"> </span>derechos<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>retributivos<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>se<span class=\"__1 _1bc\"> </span>realizar\u00e1 mediante el m\u00e9tod<span class=\"__1 _6\"></span>o de subas<span class=\"__1 _6\"></span>ta a sobre cerrado, co<span class=\"__1 _6\"></span>nforme a un mecanis<span class=\"__1 _6\"></span>mo de pago s<span class=\"__1 _6\"></span>eg\u00fan ofert<span class=\"__1 _8\"></span>a, y<span class=\"__1 _1bc\"> </span>e<span class=\"ffe fs1_1\">l producto <span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span>bjeto de <span class=\"__1 _5\"></span>las suba<span class=\"__1 _5\"></span>stas ser\u00e1 <span class=\"__1 _5\"></span>la potencia <span class=\"__1 _5\"></span>instalada, <span class=\"__1 _5\"></span>la energ\u00eda <span class=\"__1 _70\"></span>e<span class=\"__1 _6\"></span>l\u00e9ctrica o <span class=\"__1 _5\"></span>una c<span class=\"__1 _5\"></span>ombinaci\u00f3n de amba<span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span> y <span class=\"__1 _5\"></span>la<span class=\"__1 _1bc\"> </span></span>variable de oferta consistir\u00e1 en el precio por unidad de energ\u00eda el\u00e9ctrica expresado en euro<span class=\"__1 _5\"></span>s/MWh.<span class=\"__1 _1bc\"> </span>En <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>iciembre <span class=\"__1 _70\"></span>se <span class=\"__1 _5\"></span>publica <span class=\"__1 _5\"></span>la <span class=\"__1 _70\"></span>Ord<span class=\"__1 _6\"></span>en <span class=\"__1 _70\"></span>TED<span class=\"__1 _6\"></span>/1161/2020, <span class=\"__1 _5\"></span>de <span class=\"__1 _5\"></span>4 <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>diciembr<span class=\"__1 _6\"></span>e, <span class=\"__1 _70\"></span>por <span class=\"__1 _5\"></span>la <span class=\"__1 _70\"></span>qu<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>regula el <span class=\"__1 _70\"></span>primer <span class=\"__1 _70\"></span>mecanis<span class=\"__1 _6\"></span>mo<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _6\"></span>subasta <span class=\"__1 _6\"></span>para <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>otorgamiento <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>r\u00e9gimen <span class=\"__1 _6\"></span>econ\u00f3mico <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>energ\u00edas <span class=\"__1 _6\"></span>renovab<span class=\"__1 _6\"></span>les <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>establece el <span class=\"__1 _6\"></span>cal<span class=\"__1 _6\"></span>endario<span class=\"__1 _1bc\"> </span>indicativo para <span class=\"__1 _6\"></span>el periodo 2020-2025. P<span class=\"__1 _6\"></span>ara 2020 se fija u<span class=\"__1 _6\"></span>n objetivo m\u00ednimo d<span class=\"__1 _6\"></span>e 3.000 MW<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span>El  Real <span class=\"__1 _c6\"> </span>Decreto  1106/2020,  de  15  de <span class=\"__1 _c6\"> </span>diciembr<span class=\"__1 _6\"></span>e,  por <span class=\"__1 _ca\"> </span>el  que <span class=\"__1 _ca\"> </span>se  regula <span class=\"__1 _c6\"> </span>el  Estatuto  de  los <span class=\"__1 _ca\"> </span>consumidores<span class=\"__1 _1bc\"> </span>electrointensivos<span class=\"__1 _6\"></span>  establece <span class=\"__1 _c6\"> </span>los<span class=\"__1 _6\"></span>  requisitos <span class=\"__1 _ca\"> </span>y  el <span class=\"__1 _c6\"> </span>procedimiento  para  obtener <span class=\"__1 _ca\"> </span>el  ce<span class=\"__1 _5\"></span>rtificado  de  consumidor<span class=\"__1 _1bc\"> </span>electrointensivo. <span class=\"__1 _8\"></span>Este <span class=\"__1 _8\"></span>certificado <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>ha <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>ido <span class=\"__1 _6\"></span>ob<span class=\"__1 _6\"></span>tenido <span class=\"__1 _8\"></span>por <span class=\"__1 _6\"></span>las <span class=\"__1 _8\"></span>dos <span class=\"__1 _8\"></span>biof\u00e1bricas <span class=\"__1 _8\"></span>del <span class=\"__1 _6\"></span>Gru<span class=\"__1 _6\"></span>po, <span class=\"__1 _8\"></span>permite <span class=\"__1 _6\"></span>acceder <span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span>las ayudas d<span class=\"__1 _6\"></span>el mecanismo de compensaci\u00f3n d<span class=\"__1 _6\"></span>efinidas en el T\u00edtulo <span class=\"__1 _6\"></span>III de dicho Real Decret<span class=\"__1 _6\"></span>o 2020.<span class=\"__1 _1bc\"> </span>En <span class=\"__1 _4\"></span>el <span class=\"__1 _c8\"></span>RD <span class=\"__1 _4\"></span>1055/2014, <span class=\"__1 _4\"></span>de <span class=\"__1 _c8\"></span>12 <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>diciembr<span class=\"__1 _6\"></span>e, <span class=\"__1 _4\"></span>se <span class=\"__1 _c8\"></span>cre\u00f3 <span class=\"__1 _4\"></span>un <span class=\"__1 _c8\"></span>mecanismo <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>compens<span class=\"__1 _6\"></span>aci\u00f3n <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>cos<span class=\"__1 _6\"></span>tes <span class=\"__1 _4\"></span>para <span class=\"__1 _c8\"> </span>c<span class=\"__1 _8\"></span>iertos<span class=\"__1 _1bc\"> </span>sectores indus<span class=\"__1 _6\"></span>triales, que da cobertura a<span class=\"__1 _6\"></span> nuestro N<span class=\"__1 _6\"></span>egocio Celulosa. La resoluci\u00f3n<span class=\"__1 _6\"></span> de <span class=\"__1 _6\"></span>18 de <span class=\"__1 _6\"></span>marzo <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>2021, de <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>Comisi\u00f3n <span class=\"__1 _6\"></span>Nacional <span class=\"__1 _6\"></span>de los<span class=\"__1 _6\"></span> Mercados <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>la Competencia, <span class=\"__1 _6\"></span>estab<span class=\"__1 _6\"></span>lece<span class=\"__1 _1bc\"> </span>los valores <span class=\"__1 _70\"></span>de los <span class=\"__1 _70\"></span>peajes <span class=\"__1 _5\"></span>de <span class=\"__1 _5\"></span>acceso <span class=\"__1 _70\"></span>a las <span class=\"__1 _70\"></span>redes de <span class=\"__1 _70\"></span>transpo<span class=\"__1 _6\"></span>rte <span class=\"__1 _70\"></span>y distribuci\u00f3n de <span class=\"__1 _70\"></span>electricidad de <span class=\"__1 _70\"></span>aplicaci\u00f3n a <span class=\"__1 _70\"></span>partir<span class=\"__1 _1bc\"> </span>del 1 <span class=\"__1 _6\"></span>de junio <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>2021. A <span class=\"__1 _6\"></span>trav\u00e9s <span class=\"__1 _6\"></span>de la <span class=\"__1 _6\"></span>Resoluci\u00f3n <span class=\"__1 _6\"></span>de 16 <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>diciembre de <span class=\"__1 _6\"></span>2021, <span class=\"__1 _6\"></span>de la <span class=\"__1 _6\"></span>Comis<span class=\"__1 _6\"></span>i\u00f3n N<span class=\"__1 _6\"></span>acional d<span class=\"__1 _6\"></span>e los<span class=\"__1 _1bc\"> </span>Mercados <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>Competencia, <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>establecen <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>valores <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>peajes <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>acceso <span class=\"__1 _4\"></span>a <span class=\"__1 _8\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>redes <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>transporte <span class=\"__1 _4\"></span>y<span class=\"__1 _1bc\"> </span>distribuci\u00f3n d<span class=\"__1 _6\"></span>e electricidad de aplicaci\u00f3n a p<span class=\"__1 _6\"></span>artir del 1 de en<span class=\"__1 _6\"></span>ero de 2022.<span class=\"__1 _1bc\"> </span>La <span class=\"__1 _cf\"> </span>Orden <span class=\"__1 _cf\"> </span>TED/257/2021, <span class=\"__1 _cf\"> </span>de <span class=\"__1 _cf\"> </span>18 <span class=\"__1 _ce\"> </span>de <span class=\"__1 _cf\"> </span>marzo, <span class=\"__1 _cf\"> </span>establece<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>los<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>valores <span class=\"__1 _cf\"> </span>de <span class=\"__1 _ce\"> </span>la <span class=\"__1 _cf\"> </span>retribuci\u00f3n <span class=\"__1 _cf\"> </span>a <span class=\"__1 _cf\"> </span>la <span class=\"__1 _cf\"> </span>operaci\u00f3n<span class=\"__1 _1bc\"> </span>correspondientes a<span class=\"__1 _6\"></span>l segundo semestre natural d<span class=\"__1 _6\"></span>el a\u00f1o 2019.<span class=\"__1 _1bc\"> </span>La Orden <span class=\"__1 _5\"></span>TED/371/2021, de <span class=\"__1 _5\"></span>19 de abril, <span class=\"__1 _70\"></span>es<span class=\"__1 _6\"></span>tablece los <span class=\"__1 _70\"></span>precio<span class=\"__1 _6\"></span>s de <span class=\"__1 _5\"></span>los cargos <span class=\"__1 _5\"></span>del sistema <span class=\"__1 _5\"></span>el\u00e9ctrico <span class=\"__1 _5\"></span>y de <span class=\"__1 _70\"></span>los<span class=\"__1 _6\"></span> pagos<span class=\"__1 _1bc\"> </span>por <span class=\"__1 _6\"></span>capacidad <span class=\"__1 _6\"></span>q<span class=\"__1 _6\"></span>ue res<span class=\"__1 _6\"></span>ultan de <span class=\"__1 _6\"></span>aplicaci\u00f3n <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>artir <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>1 <span class=\"__1 _6\"></span>de ju<span class=\"__1 _6\"></span>nio <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>2021. <span class=\"__1 _6\"></span>La <span class=\"__1 _6\"></span>Orden <span class=\"__1 _6\"></span>TED/1484/2021, <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e 28 <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span>diciembre, <span class=\"__1 _8\"></span>esta<span class=\"__1 _6\"></span>blece <span class=\"__1 _8\"></span>los <span class=\"__1 _4\"></span>precios <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>los <span class=\"__1 _8\"></span>cargos <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>sistema <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>l\u00e9ct<span class=\"__1 _6\"></span>rico <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>diversos <span class=\"__1 _4\"></span>costes <span class=\"__1 _8\"></span>regulado<span class=\"__1 _6\"></span>s <span class=\"__1 _8\"></span>del <span class=\"__1 _4\"></span>sistema<span class=\"__1 _1bc\"> </span>el\u00e9ctrico para el ejercicio 20<span class=\"__1 _6\"></span>22.<span class=\"__1 _1bc\"> </span>A <span class=\"__1 _6\"></span>tra<span class=\"__1 _6\"></span>v\u00e9s <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>resoluci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>25 <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>marzo <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>2021, <span class=\"__1 _8\"></span>conjunta <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>Direcci\u00f3n <span class=\"__1 _8\"></span>General <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>Pol\u00edtica <span class=\"__1 _8\"></span>Energ\u00e9tica <span class=\"__1 _8\"></span>y<span class=\"__1 _1bc\"> </span>Minas <span class=\"__1 _6\"></span>y de <span class=\"__1 _6\"></span>la Oficina <span class=\"__1 _6\"></span>Espa\u00f1<span class=\"__1 _6\"></span>ola de <span class=\"__1 _6\"></span>Cambio <span class=\"__1 _6\"></span>Clim\u00e1tico, <span class=\"__1 _6\"></span>se pu<span class=\"__1 _6\"></span>blica el <span class=\"__1 _6\"></span>Acu<span class=\"__1 _6\"></span>erdo <span class=\"__1 _6\"></span>del Con<span class=\"__1 _6\"></span>sejo d<span class=\"__1 _6\"></span>e Minis<span class=\"__1 _6\"></span>tros d<span class=\"__1 _6\"></span>e 16 d<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span>marzo de <span class=\"__1 _70\"></span>20<span class=\"__1 _6\"></span>21, por <span class=\"__1 _5\"></span>el <span class=\"__1 _5\"></span>que se adopta <span class=\"__1 _5\"></span>la versi\u00f3n <span class=\"__1 _5\"></span>final del <span class=\"__1 _70\"></span>Plan<span class=\"__1 _6\"></span> Nacional <span class=\"__1 _5\"></span>Integrado de <span class=\"__1 _5\"></span>Energ\u00eda y <span class=\"__1 _5\"></span>Clima <span class=\"__1 _5\"></span>2021<span class=\"__1 _8\"></span>-2030<span class=\"__1 _1bc\"> </span>(PNIEC). En \u00e9l se fijan los objetivos a 2030; <span class=\"__1 _70\"></span>23<span class=\"__1 _6\"></span>% de reducci\u00f3n en las emisiones de gases de efecto invernad<span class=\"__1 _6\"></span>ero<span class=\"__1 _1bc\"> </span>respecto <span class=\"__1 _8\"></span>a <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>iveles <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>1990, <span class=\"__1 _8\"></span>42% <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>renov<span class=\"__1 _6\"></span>ables <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>uso<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>final <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>energ\u00eda, <span class=\"__1 _6\"></span>39,5% <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>mejora <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>eficiencia<span class=\"__1 _1bc\"> </span>energ\u00e9tica, mix <span class=\"__1 _70\"></span>de generaci\u00f3n con 74% <span class=\"__1 _70\"></span>de energ\u00edas renovables, y <span class=\"__1 _70\"></span>6 GW <span class=\"__1 _5\"></span>de nuevo <span class=\"__1 _5\"></span>almacenamiento. Asimismo,<span class=\"__1 _1bc\"> </span>se <span class=\"__1 _c8\"> </span>define <span class=\"__1 _c8\"> </span>el <span class=\"__1 _c8\"></span>calendario <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>ci<span class=\"__1 _6\"></span>erre <span class=\"__1 _c8\"></span>ordena<span class=\"__1 _6\"></span>do <span class=\"__1 _c8\"> </span>nuclear <span class=\"__1 _c8\"> </span>y<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>se <span class=\"__1 _c8\"></span>establece <span class=\"__1 _c8\"></span>como <span class=\"__1 _c8\"> </span>objetivo <span class=\"__1 _c8\"> </span>5 <span class=\"__1 _c6\"> </span>millones <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>veh\u00edculos<span class=\"__1 _1bc\"> </span>el\u00e9ctricos en 2030.<span class=\"__1 _1bc\"> </span>La <span class=\"__1 _6\"></span>Ley <span class=\"__1 _8\"></span>7/2021, <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>20 <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>mayo,<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>Cambio <span class=\"__1 _8\"></span>Clim\u00e1tico <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>Tran<span class=\"__1 _6\"></span>sici\u00f3n <span class=\"__1 _8\"></span>Energ\u00e9tica <span class=\"__1 _6\"></span>fija <span class=\"__1 _6\"></span>objetiv<span class=\"__1 _6\"></span>os <span class=\"__1 _6\"></span>clim\u00e1ticos <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>l\u00ednea<span class=\"__1 _1bc\"> </span>con <span class=\"__1 _8\"></span>los <span class=\"__1 _6\"></span>del <span class=\"__1 _8\"></span>PNIEC <span class=\"__1 _6\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>revisar\u00e1n <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>2023 <span class=\"__1 _8\"></span>y <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>\u00f3lo <span class=\"__1 _6\"></span>pod<span class=\"__1 _6\"></span>r\u00e1n <span class=\"__1 _6\"></span>ser <span class=\"__1 _6\"></span>mo<span class=\"__1 _8\"></span>dificados <span class=\"__1 _8\"></span>al <span class=\"__1 _6\"></span>alza, <span class=\"__1 _8\"></span>establece <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>mecanismos<span class=\"__1 _1bc\"> </span>de adecuaci\u00f3n del sector el\u00e9ctrico para incrementar la participaci\u00f3n de consumidores, la inversi\u00f3n en energ\u00eda<span class=\"__1 _1bc\"> </span>renovable, <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>generaci\u00f3n <span class=\"__1 _8\"></span>dis<span class=\"__1 _6\"></span>tribuida, <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>almacenamiento, <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>aprovechamiento <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>redes <span class=\"__1 _6\"></span>el\u00e9ctricas, <span class=\"__1 _8\"></span>y<span class=\"__1 _8\"></span> <span class=\"__1 _8\"></span>para<span class=\"__1 _1bc\"> </span>promover <span class=\"__1 _4\"></span>centrales <span class=\"__1 _4\"></span>hidroel\u00e9ctricas <span class=\"__1 _4\"></span>reversibles. <span class=\"__1 _4\"></span>Se <span class=\"__1 _4\"></span>consolida <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>aporta<span class=\"__1 _6\"></span>ci\u00f3n <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>450 <span class=\"__1 _4\"></span>m<span class=\"__1 _5\"></span>illones <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>euros <span class=\"__1 _4\"></span>de<span class=\"__1 _1bc\"> </span>ingresos <span class=\"__1 _6\"></span>por <span class=\"__1 _6\"></span>su<span class=\"__1 _6\"></span>bastas <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>CO2 <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>sector <span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>l\u00e9ctrico <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>fomen<span class=\"__1 _6\"></span>to <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>electrificaci\u00f3n, <span class=\"__1 _6\"></span>as<span class=\"__1 _6\"></span>\u00ed <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>promo<span class=\"__1 _6\"></span>ci\u00f3n <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span>sistemas de calefacci\u00f3n c<span class=\"__1 _6\"></span>ero emision<span class=\"__1 _6\"></span>es.<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _4\"></span>Real <span class=\"__1 _c8\"></span>Decreto-Ley <span class=\"__1 _4\"></span>12/2021, <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>24 <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>junio, <span class=\"__1 _4\"></span>por <span class=\"__1 _c8\"></span>el <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>adop<span class=\"__1 _6\"></span>tan <span class=\"__1 _4\"></span>medidas <span class=\"__1 _c8\"></span>urgentes <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _c8\"></span>\u00e1mbito <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>la<span class=\"__1 _1bc\"> </span>fiscalidad <span class=\"__1 _8\"></span>energ\u00e9tica <span class=\"__1 _8\"></span>y <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>materia <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>generaci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>energ\u00eda <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>sobre <span class=\"__1 _8\"></span>gesti\u00f3n <span class=\"__1 _8\"></span>del <span class=\"__1 _6\"></span>canon<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>regulaci\u00f3n <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la<span class=\"__1 _1bc\"> </span>tarifa de <span class=\"__1 _70\"></span>utiliza<span class=\"__1 _6\"></span>ci\u00f3n del <span class=\"__1 _70\"></span>agu<span class=\"__1 _6\"></span>a, <span class=\"__1 _5\"></span>suspend<span class=\"__1 _6\"></span>e <span class=\"__1 _5\"></span>durante el <span class=\"__1 _70\"></span>tercer trimestre <span class=\"__1 _5\"></span>el <span class=\"__1 _5\"></span>Impuesto sobre e<span class=\"__1 _5\"></span>l Valor <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _5\"></span>la Producci\u00f3n<span class=\"__1 _1bc\"> </span>de Energ\u00eda El\u00e9ctrica del 7%. El 16 de <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>eptiembre de 2021 entr\u00f3 en vigor el Real Decreto<span class=\"__1 _6\"></span>-ley 17/2021, de 14 de<span class=\"__1 _1bc\"> </span>septiembre, <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>medidas <span class=\"__1 _4\"></span>u<span class=\"__1 _6\"></span>rgentes <span class=\"__1 _4\"></span>para <span class=\"__1 _4\"></span>mitigar <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>impacto <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>escalad<span class=\"__1 _6\"></span>a <span class=\"__1 _c8\"> </span>de <span class=\"__1 _4\"></span>precios <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>gas<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>natural <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>los<span class=\"__1 _1bc\"> </span>mercados  minoristas  de <span class=\"__1 _c6\"> </span>gas  y  ele<span class=\"__1 _5\"></span>ctricidad<span class=\"__1 _6\"></span> por  el <span class=\"__1 _ca\"> </span>que  se <span class=\"__1 _c6\"> </span>p<span class=\"__1 _6\"></span>rorroga  hasta <span class=\"__1 _ca\"> </span>el  31 <span class=\"__1 _c6\"> </span>de  diciembre  de <span class=\"__1 _c6\"> </span>2021  la<span class=\"__1 _1bc\"> </span>suspens<span class=\"__1 _6\"></span>i\u00f3n temporal <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>imp<span class=\"__1 _6\"></span>uesto <span class=\"__1 _6\"></span>establecida <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>Real <span class=\"__1 _6\"></span>Decreto<span class=\"__1 _8\"></span>-ley 12/<span class=\"__1 _6\"></span>2021, d<span class=\"__1 _6\"></span>e 2<span class=\"__1 _6\"></span>4 <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>junio,<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>establece <span class=\"__1 _6\"></span>la<span class=\"__1 _1bc\"> </span>reducci\u00f3n <span class=\"__1 _6\"></span>del <span class=\"__1 _8\"></span>impuesto <span class=\"__1 _8\"></span>especial <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>obre <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>electricidad <span class=\"__1 _8\"></span>desde <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>5,1<span class=\"__1 _6\"></span>1% <span class=\"__1 _6\"></span>hasta <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>0,5% <span class=\"__1 _8\"></span>hasta <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>31 <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>diciembre<span class=\"__1 _1bc\"> </span>de 2021, <span class=\"__1 _5\"></span>con tipos <span class=\"__1 _5\"></span>m\u00ednimos de 0,5 <span class=\"__1 _70\"></span>\u20ac/MWh<span class=\"__1 _6\"></span> para <span class=\"__1 _5\"></span>industriale<span class=\"__1 _6\"></span>s y <span class=\"__1 _5\"></span>1 <span class=\"__1 _5\"></span>\u20ac/MWh para el <span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>esto. Tras diversas pr\u00f3rrogas,<span class=\"__1 _1bc\"> </span>el <span class=\"__1 _8\"></span>RDL <span class=\"__1 _8\"></span>11/2022 <span class=\"__1 _4\"></span>prorroga <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>tipo <span class=\"__1 _8\"></span>reducido<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>Impuesto<span class=\"__1 _8\"></span> <span class=\"__1 _8\"></span>Especial <span class=\"__1 _8\"></span>sobre <span class=\"__1 _8\"></span>la<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>Electricidad<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>al <span class=\"__1 _8\"></span>0,5% <span class=\"__1 _8\"></span>has<span class=\"__1 _6\"></span>ta <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>31 <span class=\"__1 _8\"></span>de<span class=\"__1 _1bc\"> </span>diciembre de 2022.<span class=\"__1 _1bc\"> </span>El Real Decreto 148/2021 aprueba la metodolog\u00eda para asig<span class=\"__1 _6\"></span>nar los cargos (primas a las renovables<span class=\"__1 _6\"></span>, d\u00e9ficits de<span class=\"__1 _1bc\"> </span>tarifa hist\u00f3ricos y<span class=\"__1 _5\"></span> sobrecostes <span class=\"__1 _70\"></span>extra peninsulares) entre <span class=\"__1 _5\"></span>los dife<span class=\"__1 _5\"></span>rentes<span class=\"__1 _6\"></span> consumidores, en <span class=\"__1 _5\"></span>t\u00e9rminos <span class=\"__1 _5\"></span>de potencia<span class=\"__1 _1bc\"> </span>contratada (\u20ac/kW) y<span class=\"__1 _6\"></span> de energ\u00eda <span class=\"__1 _6\"></span>consumida (\u20ac/kWh<span class=\"__1 _6\"></span>). Este RD co<span class=\"__1 _6\"></span>mplementa a la m<span class=\"__1 _6\"></span>etodolog\u00eda para <span class=\"__1 _6\"></span>calcular los<span class=\"__1 _1bc\"> </span>peajes de transporte y distribuci\u00f3n, a partir <span class=\"__1 _5\"></span>de la retribuci\u00f3n de las <span class=\"__1 _5\"></span>redes de cada e<span class=\"__1 _5\"></span>jercicio, competencia de l<span class=\"ls21\">a<span class=\"__1 _1bc\"> </span></span>CNMC, y <span class=\"__1 _70\"></span>q<span class=\"__1 _6\"></span>ue se <span class=\"__1 _70\"></span>ap<span class=\"__1 _6\"></span>rob\u00f3 en e<span class=\"__1 _5\"></span>nero de <span class=\"__1 _70\"></span>20<span class=\"__1 _6\"></span>20. Ambas me<span class=\"__1 _5\"></span>todolog\u00edas<span class=\"__1 _6\"></span> pueden <span class=\"__1 _5\"></span>revisarse cada 6 <span class=\"__1 _70\"></span>a<span class=\"__1 _6\"></span>\u00f1os, y podr\u00eda <span class=\"__1 _70\"></span>fijars<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span>un periodo d<span class=\"__1 _6\"></span>e hasta 4 a\u00f1os para aplicar grad<span class=\"__1 _6\"></span>ualmente los precios resu<span class=\"__1 _6\"></span>ltantes con las<span class=\"__1 _6\"></span> nuevas metodolog\u00edas.<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _8\"></span>Real <span class=\"__1 _4\"></span>Decreto-ley <span class=\"__1 _8\"></span>6/2022, <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>29 <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>marzo, <span class=\"__1 _8\"></span>por <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>se<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>adopta<span class=\"__1 _6\"></span>n <span class=\"__1 _8\"></span>medidas<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>urgentes <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>marco <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>Plan<span class=\"__1 _1bc\"> </span>Nacional  de  re<span class=\"__1 _5\"></span>spuesta  a <span class=\"__1 _ca\"> </span>las <span class=\"__1 _c6\"> </span>con<span class=\"__1 _6\"></span>secuencias  econ\u00f3micas  y <span class=\"__1 _c6\"> </span>s<span class=\"__1 _6\"></span>ociales  de <span class=\"__1 _c6\"> </span>la  guerra  e<span class=\"__1 _5\"></span>n  Ucrania <span class=\"__1 _ca\"> </span>(en  adelante<span class=\"__1 _1bc\"> </span>RDL6/2022) <span class=\"__1 _c8\"> </span>incluye <span class=\"__1 _c6\"> </span>entre <span class=\"__1 _c8\"> </span>sus <span class=\"__1 _c6\"> </span>disposiciones, <span class=\"__1 _c8\"> </span>medidas<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c8\"></span>agilizaci\u00f3n <span class=\"__1 _c8\"> </span>para <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c8\"> </span>implan<span class=\"__1 _6\"></span>taci\u00f3n <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>pro<span class=\"__1 _6\"></span>yectos <span class=\"__1 _c8\"> </span>de<span class=\"__1 _1bc\"> </span>generaci\u00f3n <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>energ\u00eda <span class=\"__1 _c6\"> </span>el\u00e9ctr<span class=\"__1 _6\"></span>ica <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>origen <span class=\"__1 _c6\"> </span>renovable, <span class=\"__1 _c6\"> </span>medidas<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>fiscales <span class=\"__1 _c6\"> </span>destinadas<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>a <span class=\"__1 _c6\"> </span>paliar <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c6\"> </span>escalad<span class=\"__1 _6\"></span>a <span class=\"__1 _c6\"> </span>de<span class=\"__1 _1bc\"> </span>precios <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>electricidad, <span class=\"__1 _8\"></span>como <span class=\"__1 _8\"></span>son <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>pr\u00f3rroga <span class=\"__1 _8\"></span>hasta <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>30 <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>junio <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>2022 <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>suspensi\u00f3n <span class=\"__1 _8\"></span>del<span class=\"__1 _8\"></span> <span class=\"__1 _6\"></span>impu<span class=\"__1 _6\"></span>esto<span class=\"__1 _1bc\"> </span>sobre <span class=\"__1 _70\"></span>el <span class=\"__1 _70\"></span>valor <span class=\"__1 _70\"></span>de<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>la <span class=\"__1 _70\"></span>producci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>energ\u00eda e<span class=\"__1 _5\"></span>l\u00e9ctrica <span class=\"__1 _70\"></span>y <span class=\"__1 _5\"></span>el <span class=\"__1 _70\"></span>mantenimiento <span class=\"__1 _70\"></span>h<span class=\"__1 _6\"></span>asta <span class=\"__1 _70\"></span>dicha <span class=\"__1 _5\"></span>fecha <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>los <span class=\"__1 _70\"></span>tip<span class=\"__1 _6\"></span>os <span class=\"__1 _70\"></span>reducidos<span class=\"__1 _1bc\"> </span>del im<span class=\"__1 _5\"></span>puesto sobre el <span class=\"__1 _5\"></span>valor a\u00f1adido y <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>el im<span class=\"__1 _5\"></span>puesto especial sobre <span class=\"__1 _5\"></span>la electricidad, <span class=\"__1 _5\"></span>medidas destinadas<span class=\"__1 _6\"></span> a <span class=\"__1 _70\"></span>aliv<span class=\"__1 _6\"></span>iar<span class=\"__1 _1bc\"> </span>la <span class=\"__1 _8\"></span>situaci\u00f3n <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>industria <span class=\"__1 _8\"></span>provocada <span class=\"__1 _8\"></span>po<span class=\"__1 _6\"></span>r <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>precio <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>gas <span class=\"__1 _8\"></span>natural, <span class=\"__1 _8\"></span>entre <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>des<span class=\"__1 _6\"></span>taca <span class=\"__1 _8\"></span>un <span class=\"__1 _8\"></span>mecanismo <span class=\"__1 _8\"></span>de<span class=\"__1 _1bc\"> </span>apoyo <span class=\"__1 _cb\"> </span>par<span class=\"__1 _6\"></span>a <span class=\"__1 _cb\"> </span>garantizar <span class=\"__1 _cb\"> </span>la <span class=\"__1 _cb\"> </span>competitividad <span class=\"__1 _cb\"> </span>de <span class=\"__1 _cb\"> </span>la <span class=\"__1 _c9\"> </span>industria <span class=\"__1 _cb\"> </span>electrointensiva <span class=\"__1 _cb\"> </span>y <span class=\"__1 _cb\"> </span>la <span class=\"__1 _c9\"> </span>concesi\u00f3n <span class=\"__1 _cb\"> </span>de <span class=\"__1 _cb\"> </span>un <span class=\"__1 _cb\"> </span>cr\u00e9dito<span class=\"__1 _1bc\"> </span>extraordinario destin<span class=\"__1 _6\"></span>ado a financiar la compens<span class=\"__1 _6\"></span>aci\u00f3n de peajes, l\u00edn<span class=\"__1 _8\"></span>eas de ayuda a la in<span class=\"__1 _6\"></span>dustria gas intens<span class=\"__1 _6\"></span>iva. Se <span class=\"__1 _c6\"> </span>esta<span class=\"__1 _6\"></span>blece <span class=\"__1 _c6\"> </span>qu<span class=\"__1 _6\"></span>e <span class=\"__1 _c6\"> </span>el  bono <span class=\"__1 _c6\"> </span>s<span class=\"__1 _6\"></span>ocial <span class=\"__1 _c6\"> </span>s<span class=\"__1 _6\"></span>er\u00e1 <span class=\"__1 _ca\"> </span>asumido  por <span class=\"__1 _c6\"> </span>los  s<span class=\"__1 _5\"></span>ujetos <span class=\"__1 _ca\"> </span>del <span class=\"__1 _c6\"> </span>s<span class=\"__1 _6\"></span>ector <span class=\"__1 _ca\"> </span>el\u00e9ctrico <span class=\"__1 _c6\"> </span>que  participan  e<span class=\"__1 _5\"></span>n <span class=\"__1 _ca\"> </span>las<span class=\"__1 _1bc\"> </span>actividades <span class=\"__1 _119\"> </span>destinadas<span class=\"__1 _6\"></span> <span class=\"__1 _179\"> </span>al <span class=\"__1 _179\"> </span>suministro<span class=\"__1 _6\"></span> <span class=\"__1 _179\"> </span>de <span class=\"__1 _179\"> </span>energ\u00eda <span class=\"__1 _119\"> </span>el\u00e9ctrica <span class=\"__1 _179\"> </span>(pro<span class=\"__1 _6\"></span>ducci\u00f3n, <span class=\"__1 _179\"> </span>tra<span class=\"__1 _6\"></span>nsporte, <span class=\"__1 _119\"> </span>distribuci\u00f3n <span class=\"__1 _119\"> </span>y<span class=\"__1 _1bc\"> </span>comercializaci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>energ\u00eda <span class=\"__1 _8\"></span>el\u00e9ctrica), <span class=\"__1 _8\"></span>as\u00ed <span class=\"__1 _8\"></span>como <span class=\"__1 _8\"></span>por <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>consumidores <span class=\"__1 _8\"></span>directos <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>mercado, <span class=\"__1 _8\"></span> <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>establece <span class=\"__1 _6\"></span>la<span class=\"__1 _1bc\"> </span>obligaci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>reducci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>intensid<span class=\"__1 _6\"></span>ad <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>las emision<span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>de gases <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e efecto <span class=\"__1 _6\"></span>invernad<span class=\"__1 _6\"></span>ero <span class=\"__1 _6\"></span>durante <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>ciclo <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span>vida de los co<span class=\"__1 _6\"></span>mbustibles, y se introdu<span class=\"__1 _6\"></span>cen modificaciones<span class=\"__1 _6\"></span> en divers<span class=\"__1 _6\"></span>as normas sectoriales. Entre <span class=\"__1 _4\"></span>las <span class=\"__1 _4\"></span>medidas <span class=\"__1 _c8\"></span>adoptadas <span class=\"__1 _4\"></span>por <span class=\"__1 _4\"></span>dicho <span class=\"__1 _4\"></span>RDL6/2022 <span class=\"__1 _4\"></span>con <span class=\"__1 _4\"></span>mayor <span class=\"__1 _4\"></span>impacto <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>la <span class=\"__1 _c8\"></span>actividad <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>ENCE <span class=\"__1 _4\"></span>destaca <span class=\"__1 _4\"></span>la<span class=\"__1 _1bc\"> </span>revisi\u00f3n de los p<span class=\"__1 _6\"></span>ar\u00e1metros retributiv<span class=\"__1 _6\"></span>os establecidos<span class=\"__1 _6\"></span> en la Orden TED/171/2020, d<span class=\"__1 _6\"></span>e 24 de febrero:<span class=\"__1 _1bc\"> </span>\u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4\">Se <span class=\"__1 _6\"></span>utilizar\u00e1n <span class=\"__1 _6\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>hip\u00f3tesis<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de c\u00e1lcu<span class=\"__1 _6\"></span>lo <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>valores <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>par\u00e1metro<span class=\"__1 _6\"></span>s <span class=\"__1 _6\"></span>vigentes <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>fecha <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>ent<span class=\"__1 _6\"></span>rada <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>vigor<span class=\"__1 _1bc\"> </span></span></span>del RDL <span class=\"__1 _6\"></span>6/2022, a <span class=\"__1 _6\"></span>excepci\u00f3n de <span class=\"__1 _6\"></span>la estimaci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>ingresos por la <span class=\"__1 _6\"></span>venta d<span class=\"__1 _6\"></span>e la energ\u00eda d<span class=\"__1 _6\"></span>urante el resto<span class=\"__1 _6\"></span> de<span class=\"__1 _1bc\"> </span>la <span class=\"__1 _6\"></span>vida <span class=\"__1 _8\"></span>\u00fatil <span class=\"__1 _6\"></span>valora<span class=\"__1 _6\"></span>da <span class=\"__1 _6\"></span>al <span class=\"__1 _8\"></span>precio <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>mercad<span class=\"__1 _6\"></span>o, <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>par\u00e1metros <span class=\"__1 _6\"></span>ret<span class=\"__1 _8\"></span>ributivos <span class=\"__1 _8\"></span>directamente <span class=\"__1 _6\"></span>relacionad<span class=\"__1 _6\"></span>os <span class=\"__1 _6\"></span>con<span class=\"__1 _1bc\"> </span>\u00e9stos y,<span class=\"__1 _5\"></span> <span class=\"__1 _5\"></span>para <span class=\"__1 _70\"></span>aq<span class=\"__1 _6\"></span>uellas in<span class=\"__1 _5\"></span>stalaciones tipo <span class=\"__1 _70\"></span>cuyos costes <span class=\"__1 _70\"></span>de expl<span class=\"__1 _5\"></span>otaci\u00f3n dependan <span class=\"__1 _70\"></span>esencialmente del <span class=\"__1 _70\"></span>precio<span class=\"__1 _1bc\"> </span>del combustible, el precio de <span class=\"__1 _6\"></span>dicho combus<span class=\"__1 _6\"></span>tible y el precio de los d<span class=\"__1 _6\"></span>erechos de emisi\u00f3n de CO2.<span class=\"__1 _1bc\"> </span>\u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4\">El <span class=\"__1 _c6\"> </span>precio <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c8\"> </span>mercad<span class=\"__1 _6\"></span>o <span class=\"__1 _c8\"> </span>p<span class=\"__1 _6\"></span>ara <span class=\"__1 _c8\"> </span>e<span class=\"__1 _6\"></span>stimar <span class=\"__1 _c8\"> </span>los<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>futu<span class=\"__1 _6\"></span>ros <span class=\"__1 _c6\"> </span>ingresos <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c8\"> </span>explotaci\u00f3n <span class=\"__1 _c6\"> </span>se <span class=\"__1 _c8\"> </span>calcu<span class=\"__1 _6\"></span>lar\u00e1 <span class=\"__1 _c8\"> </span>co<span class=\"__1 _6\"></span>mo <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c6\"> </span>media<span class=\"__1 _1bc\"> </span></span></span>aritm\u00e9tica de las cotizaciones de los contratos de futuros anuales, negociados en <span class=\"__1 _5\"></span>el mercado de futuros<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _6\"></span>el<span class=\"__1 _6\"></span>ectricidad <span class=\"__1 _8\"></span>organizado <span class=\"__1 _8\"></span>por <span class=\"__1 _8\"></span>OMIP<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>desde <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>jun<span class=\"__1 _6\"></span>io <span class=\"__1 _6\"></span>al<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>30 <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>novie<span class=\"__1 _6\"></span>mbre<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>del <span class=\"__1 _6\"></span>a\u00f1o <span class=\"__1 _8\"></span>ant<span class=\"__1 _6\"></span>erior <span class=\"__1 _8\"></span>al <span class=\"__1 _6\"></span>inic<span class=\"__1 _6\"></span>io<span class=\"__1 _1bc\"> </span>del semiperiodo para el qu<span class=\"__1 _6\"></span>e se estima el precio del m<span class=\"__1 _6\"></span>ercado.<span class=\"__1 _1bc\"> </span>\u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4\">La <span class=\"__1 _8\"></span>estimaci\u00f3n <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>precio <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>combu<span class=\"__1 _6\"></span>stibles <span class=\"__1 _8\"></span>f\u00f3siles <span class=\"__1 _8\"></span>para <span class=\"__1 _8\"></span>los <span class=\"__1 _6\"></span>dos <span class=\"__1 _8\"></span>semestres <span class=\"__1 _8\"></span>del <span class=\"__1 _6\"></span>2022 <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>llevar\u00e1 <span class=\"__1 _8\"></span>a <span class=\"__1 _6\"></span>cabo<span class=\"__1 _1bc\"> </span></span></span>considerando <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>variaciones <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>emestrales <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>cos<span class=\"__1 _6\"></span>te <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>mate<span class=\"__1 _6\"></span>rias <span class=\"__1 _8\"></span>primas <span class=\"__1 _8\"></span>y, <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>u <span class=\"__1 _6\"></span>caso, <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>peajes<span class=\"__1 _1bc\"> </span>de acceso previstos en la Orden IET/1345/2015, de 2 de julio, por la que se <span class=\"__1 _5\"></span>establece la metodolog\u00eda de<span class=\"__1 _1bc\"> </span>actualizaci\u00f3n de la retrib<span class=\"__1 _6\"></span>uci\u00f3n a la op<span class=\"__1 _6\"></span>eraci\u00f3n de las ins<span class=\"__1 _6\"></span>talaciones con r\u00e9gimen retributivo<span class=\"__1 _6\"></span> espec\u00edfico.<span class=\"__1 _1bc\"> </span>\u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4\">El semiperiodo <span class=\"__1 _70\"></span>regulatorio 2020-20<span class=\"__1 _6\"></span>22 <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>ubdivide en <span class=\"__1 _70\"></span>dos; semiperiodo <span class=\"__1 _5\"></span>2020-202<span class=\"__1 _6\"></span>1 <span class=\"__1 _5\"></span>y <span class=\"__1 _5\"></span>semiperiodo 2022.<span class=\"__1 _1bc\"> </span></span></span>Para <span class=\"__1 _8\"></span>calcular <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>valor <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>aj<span class=\"__1 _6\"></span>uste <span class=\"__1 _6\"></span>por <span class=\"__1 _4\"></span>desviaciones <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>precio <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>mercado <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>a\u00f1os <span class=\"__1 _8\"></span>2020 <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>2021 <span class=\"__1 _8\"></span>se<span class=\"__1 _1bc\"> </span>determina <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>valor <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>recio <span class=\"__1 _4\"></span>medio <span class=\"__1 _4\"></span>anual <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>mercado <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>33,9<span class=\"__1 _6\"></span><span class=\"ff6\">4 <span class=\"__1 _4\"></span>\u20ac/MWh <span class=\"__1 _4\"></span>para <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>a\u00f1o <span class=\"__1 _4\"></span>2020 <span class=\"__1 _8\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>111,90<span class=\"__1 _1bc\"> </span></span>\u20ac/MWh  para  e<span class=\"__1 _5\"></span>l  a\u00f1o <span class=\"__1 _ca\"> </span>2021.  As\u00ed  mismo <span class=\"__1 _c6\"> </span>s<span class=\"__1 _6\"></span>e  e<span class=\"__1 _5\"></span>stablece  necesario  corregir <span class=\"__1 _ca\"> </span>dicho  precio  medio <span class=\"__1 _ca\"> </span>con  los<span class=\"__1 _1bc\"> </span>coeficientes de apun<span class=\"__1 _6\"></span>tamiento de cad<span class=\"__1 _6\"></span>a tecnolog\u00eda.<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _4\"></span>RDL6/2022 <span class=\"__1 _8\"></span>da <span class=\"__1 _4\"></span>un <span class=\"__1 _8\"></span>mand<span class=\"__1 _6\"></span>ato <span class=\"__1 _8\"></span>para <span class=\"__1 _4\"></span>que <span class=\"__1 _8\"></span>se <span class=\"__1 _4\"></span>publique <span class=\"__1 _8\"></span>una <span class=\"__1 _4\"></span>Orden <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>un <span class=\"__1 _8\"></span>periodo <span class=\"__1 _4\"></span>menor <span class=\"__1 _8\"></span>a <span class=\"__1 _c8\"></span>dos <span class=\"__1 _4\"></span>meses <span class=\"__1 _8\"></span>desde <span class=\"__1 _4\"></span>la<span class=\"__1 _1bc\"> </span>publicaci\u00f3n del <span class=\"__1 _70\"></span>Real <span class=\"__1 _5\"></span>Decreto-Ley, donde <span class=\"__1 _70\"></span>se <span class=\"__1 _5\"></span>defina <span class=\"__1 _5\"></span>los <span class=\"__1 _70\"></span>par\u00e1metros<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>Retrib<span class=\"__1 _6\"></span>utivos <span class=\"__1 _5\"></span>de <span class=\"__1 _5\"></span>las <span class=\"__1 _70\"></span>Instalaciones Tipo; <span class=\"__1 _70\"></span>costes<span class=\"__1 _1bc\"> </span>de explotaci\u00f3n, ingresos<span class=\"__1 _6\"></span> de explotaci\u00f3n, etc. <span class=\"__1 _6\"></span>para el nuevo semiperiodo<span class=\"__1 _6\"></span> 2022. Entre <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>medidas<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>adoptadas <span class=\"__1 _8\"></span>con <span class=\"__1 _8\"></span>mayor <span class=\"__1 _8\"></span>impacto <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>actividad <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>ENCE <span class=\"__1 _8\"></span>por <span class=\"__1 _8\"></span>dicha <span class=\"__1 _8\"></span>Propuesta <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>Orden, <span class=\"__1 _8\"></span>se<span class=\"__1 _1bc\"> </span>establece un pool regulatorio para el <span class=\"__1 _5\"></span>ejercicio 2022 de <span class=\"__1 _5\"></span>121,92 \u20ac/MWh, as\u00ed como las nuevas bandas superior e<span class=\"__1 _1bc\"> </span>inferior  aplicables.  Adicion<span class=\"__1 _6\"></span>almente,  esta <span class=\"__1 _150\"> </span>Propu<span class=\"__1 _6\"></span>esta  de  Orden  incorpo<span class=\"__1 _6\"></span>ra  el  coeficiente  de  ap<span class=\"__1 _8\"></span>untamiento<span class=\"__1 _1bc\"> </span>aplicable <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>cada <span class=\"__1 _6\"></span>instalaci\u00f3n <span class=\"__1 _6\"></span>tipo <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>2022 <span class=\"__1 _6\"></span>as\u00ed <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>nuevos <span class=\"__1 _6\"></span>valores <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>Retribuci\u00f3n <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>Inversi\u00f3n <span class=\"__1 _6\"></span>aplicab<span class=\"__1 _6\"></span>les<span class=\"__1 _1bc\"> </span>en dicho ejercicio. El Real Decreto-Ley 10/2022, de 13 de mayo, por el que se establece con <span class=\"__1 _5\"></span>car\u00e1cter temporal un mecanismo de<span class=\"__1 _1bc\"> </span>ajuste de <span class=\"__1 _70\"></span>costes de <span class=\"__1 _70\"></span>produ<span class=\"__1 _6\"></span>cci\u00f3n <span class=\"__1 _70\"></span>para la <span class=\"__1 _70\"></span>reducci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>recio <span class=\"__1 _70\"></span>de la <span class=\"__1 _70\"></span>electricidad<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>en el <span class=\"__1 _70\"></span>mercad<span class=\"__1 _6\"></span>o m<span class=\"__1 _5\"></span>ayorista, incluye<span class=\"__1 _1bc\"> </span>entre <span class=\"__1 _8\"></span>sus <span class=\"__1 _8\"></span>dispos<span class=\"__1 _6\"></span>iciones <span class=\"__1 _8\"></span>un <span class=\"__1 _8\"></span>mecanismo <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>ajuste <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>costes <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>producci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>para <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>reducci\u00f3n <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>precio <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la<span class=\"__1 _1bc\"> </span>electricidad <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c6\"> </span>el <span class=\"__1 _c6\"> </span>mercado <span class=\"__1 _c6\"> </span>mayorista. <span class=\"__1 _ca\"> </span>Para <span class=\"__1 _c6\"> </span>ello <span class=\"__1 _c6\"> </span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"> </span>es<span class=\"__1 _6\"></span>tablece <span class=\"__1 _c8\"></span>un <span class=\"__1 _c6\"> </span>ajus<span class=\"__1 _6\"></span>te <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c6\"> </span>el <span class=\"__1 _c8\"> </span>cos<span class=\"__1 _6\"></span>te <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c8\"> </span>pro<span class=\"__1 _6\"></span>ducci\u00f3n <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>las<span class=\"__1 _1bc\"> </span>tecnolog\u00edas <span class=\"__1 _6\"></span>f\u00f3siles marginales, <span class=\"__1 _6\"></span>igual para <span class=\"__1 _6\"></span>todas ellas, q<span class=\"__1 _6\"></span>ue se d<span class=\"__1 _6\"></span>etermina como la <span class=\"__1 _6\"></span>diferencia <span class=\"__1 _6\"></span>entre un <span class=\"__1 _6\"></span>precio de<span class=\"__1 _1bc\"> </span>referencia <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>gas <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>pre<span class=\"__1 _6\"></span>cio <span class=\"__1 _8\"></span>efectivo <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>mercado <span class=\"__1 _8\"></span>spot <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>gas<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>natural <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>cada <span class=\"__1 _8\"></span>d\u00eda. <span class=\"__1 _8\"></span>E<span class=\"__1 _8\"></span>l <span class=\"__1 _8\"></span>mecanismo <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>ajus<span class=\"__1 _6\"></span>te<span class=\"__1 _1bc\"> </span>resultar\u00e1 de aplicaci\u00f3n<span class=\"__1 _6\"></span> durante 12 meses, con<span class=\"__1 _6\"></span> el l\u00edmite del d\u00eda 31 de mayo d<span class=\"__1 _6\"></span>e 2023.<span class=\"__1 _1bc\"> </span>En <span class=\"__1 _8\"></span>este <span class=\"__1 _4\"></span>sentido, <span class=\"__1 _8\"></span>los <span class=\"__1 _4\"></span>titulares <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>las <span class=\"__1 _4\"></span>unidades <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>adq<span class=\"__1 _6\"></span>uisici\u00f3n <span class=\"__1 _8\"></span>pod<span class=\"__1 _6\"></span>r\u00e1n <span class=\"__1 _8\"></span>resultar <span class=\"__1 _4\"></span>exe<span class=\"__1 _5\"></span>ntos <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>pago <span class=\"__1 _8\"></span>del <span class=\"__1 _4\"></span>coste <span class=\"__1 _8\"></span>del<span class=\"__1 _1bc\"> </span>ajuste, por aquella <span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>arte de <span class=\"__1 _70\"></span>su<span class=\"__1 _6\"></span> energ\u00eda <span class=\"__1 _70\"></span>q<span class=\"__1 _6\"></span>ue se encuentre <span class=\"__1 _5\"></span>sujeta a <span class=\"__1 _5\"></span>instrumentos<span class=\"__1 _6\"></span> de <span class=\"__1 _70\"></span>cobertu<span class=\"__1 _6\"></span>ra a <span class=\"__1 _5\"></span>plazo, firmados<span class=\"__1 _1bc\"> </span>con <span class=\"__1 _c8\"></span>anterioridad <span class=\"__1 _c8\"> </span>al <span class=\"__1 _4\"></span>26 <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>abril <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>2022, <span class=\"__1 _c8\"> </span>siendo <span class=\"__1 _c8\"> </span>aplicab<span class=\"__1 _6\"></span>le <span class=\"__1 _4\"></span>esta <span class=\"__1 _c8\"> </span>situaci\u00f3n <span class=\"__1 _c8\"></span>a <span class=\"__1 _4\"></span>nu<span class=\"__1 _6\"></span>estras <span class=\"__1 _c8\"></span>biof\u00e1bricas <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>N<span class=\"__1 _6\"></span>avia <span class=\"__1 _4\"></span>y<span class=\"__1 _1bc\"> </span>Pontevedra.<span class=\"__1 _1bc\"> </span>Entre las<span class=\"__1 _6\"></span> medidas <span class=\"__1 _6\"></span>adoptadas con <span class=\"__1 _6\"></span>mayor impacto <span class=\"__1 _6\"></span>en la <span class=\"__1 _6\"></span>actividad d<span class=\"__1 _6\"></span>e ENC<span class=\"__1 _6\"></span>E <span class=\"__1 _6\"></span>destaca la <span class=\"__1 _6\"></span>revisi\u00f3n de <span class=\"__1 _6\"></span>los ap<span class=\"__1 _6\"></span>artados<span class=\"__1 _1bc\"> </span>3\u00ba <span class=\"__1 _70\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>4\u00ba <span class=\"__1 _70\"></span>del art\u00edculo <span class=\"__1 _70\"></span>22 <span class=\"__1 _5\"></span>del <span class=\"__1 _5\"></span>Real <span class=\"__1 _70\"></span>Decr<span class=\"__1 _6\"></span>eto <span class=\"__1 _70\"></span>413/20<span class=\"__1 _6\"></span>14 <span class=\"__1 _5\"></span>con <span class=\"__1 _5\"></span>el <span class=\"__1 _70\"></span>ob<span class=\"__1 _6\"></span>jetivo <span class=\"__1 _5\"></span>de <span class=\"__1 _5\"></span>que <span class=\"__1 _70\"></span>se incentive <span class=\"__1 _70\"></span>la exposici\u00f3n <span class=\"__1 _70\"></span>de la <span class=\"__1 _70\"></span>energ\u00eda<span class=\"__1 _1bc\"> </span>del <span class=\"__1 _8\"></span>RECORE <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>mercados<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>plazo. <span class=\"__1 _8\"></span>Dicha <span class=\"__1 _8\"></span>modificaci\u00f3n <span class=\"__1 _8\"></span>supone <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>ustituir <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>referencia <span class=\"__1 _8\"></span>al <span class=\"__1 _8\"></span>precio <span class=\"__1 _8\"></span>medio <span class=\"__1 _8\"></span>an<span class=\"__1 _8\"></span>ual<span class=\"__1 _1bc\"> </span>del <span class=\"__1 _4\"></span>mercado <span class=\"__1 _4\"></span>diario <span class=\"__1 _4\"></span>e <span class=\"__1 _4\"></span>intrad<span class=\"__1 _6\"></span>iario <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>determinaci\u00f3n <span class=\"__1 _4\"></span>del <span class=\"__1 _c8\"></span>Valor <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>Ajuste <span class=\"__1 _4\"></span>p<span class=\"__1 _6\"></span>or <span class=\"__1 _4\"></span>Desviaciones <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>Precio <span class=\"__1 _4\"></span>de<span class=\"__1 _1bc\"> </span>Mercado, <span class=\"__1 _70\"></span>po<span class=\"__1 _6\"></span>r <span class=\"__1 _70\"></span>el <span class=\"__1 _70\"></span>v<span class=\"__1 _6\"></span>alor <span class=\"__1 _70\"></span>medio <span class=\"__1 _5\"></span>ponderado <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>una <span class=\"__1 _70\"></span>cesta de <span class=\"__1 _bf\"></span>precios que <span class=\"__1 _70\"></span>tiene <span class=\"__1 _70\"></span>en <span class=\"__1 _70\"></span>con<span class=\"__1 _6\"></span>sideraci\u00f3n <span class=\"__1 _70\"></span>los <span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>recios <span class=\"__1 _70\"></span>anu<span class=\"__1 _6\"></span>ales<span class=\"__1 _1bc\"> </span>del mercado diario e in<span class=\"__1 _6\"></span>tradiario y p<span class=\"__1 _6\"></span>recios de los<span class=\"__1 _6\"></span> mercados de futuros a<span class=\"__1 _6\"></span>nuales, trimestrales y<span class=\"__1 _6\"></span> mensuales.<span class=\"__1 _1bc\"> </span>El Real <span class=\"__1 _70\"></span>D<span class=\"__1 _6\"></span>ecreto-ley 11/2022, de <span class=\"__1 _5\"></span>25 de <span class=\"__1 _5\"></span>junio, por e<span class=\"__1 _5\"></span>l que se <span class=\"__1 _70\"></span>ad<span class=\"__1 _6\"></span>optan y se <span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>rorrogan determinadas medidas para<span class=\"__1 _1bc\"> </span>responder <span class=\"__1 _6\"></span>a las <span class=\"__1 _6\"></span>consecuencias <span class=\"__1 _6\"></span>econ\u00f3micas y<span class=\"__1 _6\"></span> sociales d<span class=\"__1 _6\"></span>e la guerra <span class=\"__1 _6\"></span>en Ucrania,<span class=\"__1 _6\"></span> par<span class=\"__1 _8\"></span>a hacer frente <span class=\"__1 _6\"></span>a situ<span class=\"__1 _6\"></span>aciones<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _4\"></span>vulnerabilidad <span class=\"__1 _4\"></span>social <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>econ\u00f3mica, <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>para <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>re<span class=\"__1 _5\"></span>cuperaci\u00f3n <span class=\"__1 _4\"></span>econ\u00f3mica <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>social <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>isla <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>La <span class=\"__1 _4\"></span>Palma <span class=\"__1 _4\"></span>(en<span class=\"__1 _1bc\"> </span>adelante, <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>\u201cRDL <span class=\"__1 _4\"></span>11/20<span class=\"__1 _6\"></span>22\u201d) <span class=\"__1 _4\"></span>incorpo<span class=\"__1 _6\"></span>ra, <span class=\"__1 _4\"></span>entre <span class=\"__1 _4\"></span>otras <span class=\"__1 _4\"></span>medidas<span class=\"__1 _6\"></span>, <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>aplicaci\u00f3n <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>tipo <span class=\"__1 _4\"></span>impo<span class=\"__1 _6\"></span>sitivo <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>0,5% <span class=\"__1 _4\"></span>del<span class=\"__1 _1bc\"> </span>Impuesto Especial sobre la Electricid<span class=\"__1 _6\"></span>ad y la suspensi\u00f3n temporal del Impuesto sob<span class=\"__1 _6\"></span>re el valor de la <span class=\"__1 _5\"></span>producci\u00f3n<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>energ\u00eda <span class=\"__1 _8\"></span>el\u00e9ctrica, <span class=\"__1 _8\"></span>amba<span class=\"__1 _6\"></span>s <span class=\"__1 _8\"></span>hasta <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>31 <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>diciembre <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>2022, <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>modificaci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>bas<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>imponible <span class=\"__1 _8\"></span>del<span class=\"__1 _1bc\"> </span>Impuesto <span class=\"__1 _c6\"> </span>al  Valor <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>la  Producci\u00f3n <span class=\"__1 _c6\"> </span>de  la <span class=\"__1 _c8\"> </span>En<span class=\"__1 _6\"></span>erg\u00eda <span class=\"__1 _c6\"> </span>El<span class=\"__1 _8\"></span>\u00e9ctrica <span class=\"__1 _c6\"> </span>cuand<span class=\"__1 _6\"></span>o <span class=\"__1 _c6\"> </span>se  re<span class=\"__1 _5\"></span>alicen <span class=\"__1 _c6\"> </span>o<span class=\"__1 _6\"></span>peraciones  e<span class=\"__1 _5\"></span>ntre <span class=\"__1 _c6\"> </span>partes<span class=\"__1 _1bc\"> </span>vinculadas<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span>La Orden <span class=\"__1 _6\"></span>TED/989/2022, <span class=\"__1 _6\"></span>de 11 <span class=\"__1 _6\"></span>de octub<span class=\"__1 _6\"></span>re, establece n<span class=\"__1 _6\"></span>uevas instalacion<span class=\"__1 _6\"></span>es tipo <span class=\"__1 _6\"></span>para el mantenimiento <span class=\"__1 _6\"></span>de los<span class=\"__1 _1bc\"> </span>par\u00e1metros <span class=\"__1 _6\"></span>retributivos<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>establecidos <span class=\"__1 _6\"></span>median<span class=\"__1 _6\"></span>te <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>Orden <span class=\"__1 _6\"></span>TE<span class=\"__1 _6\"></span>D/171/2020, <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>24 <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e f<span class=\"__1 _6\"></span>ebrero,<span class=\"__1 _8\"></span> y<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>valores <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>la<span class=\"__1 _1bc\"> </span>retribuci\u00f3n <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>operaci\u00f3n <span class=\"__1 _8\"></span>correspondientes<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>al <span class=\"__1 _8\"></span>segundo <span class=\"__1 _8\"></span>semestre <span class=\"__1 _6\"></span>natu<span class=\"__1 _6\"></span>ral <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>a\u00f1o <span class=\"__1 _8\"></span>2020 <span class=\"__1 _6\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>al <span class=\"__1 _8\"></span>primer <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>emestre<span class=\"__1 _1bc\"> </span>natural <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>a\u00f1o <span class=\"__1 _8\"></span>2021, <span class=\"__1 _6\"></span>aplicables <span class=\"__1 _8\"></span>a <span class=\"__1 _6\"></span>deter<span class=\"__1 _6\"></span>minadas <span class=\"__1 _6\"></span>in<span class=\"__1 _6\"></span>stalaciones <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>producci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>energ\u00eda <span class=\"__1 _8\"></span>el\u00e9ctrica <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>partir <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span>fuentes de energ\u00eda r<span class=\"__1 _6\"></span>enovables, cogeneraci\u00f3n y<span class=\"__1 _6\"></span> residuos.<span class=\"__1 _1bc\"> </span>La <span class=\"__1 _c8\"> </span>Ord<span class=\"__1 _6\"></span>en <span class=\"__1 _c8\"> </span>TED/990/2022, <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>11 <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>octubre, <span class=\"__1 _c6\"> </span>por <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c8\"> </span>qu<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"> </span>se <span class=\"__1 _c8\"> </span>esta<span class=\"__1 _6\"></span>blecen <span class=\"__1 _c8\"> </span>los <span class=\"__1 _c6\"> </span>par\u00e1metros <span class=\"__1 _c6\"> </span>retributivos <span class=\"__1 _c8\"> </span>para <span class=\"__1 _c6\"> </span>el<span class=\"__1 _1bc\"> </span>periodo <span class=\"__1 _c6\"> </span>comprendido <span class=\"__1 _c6\"> </span>entre <span class=\"__1 _c8\"></span>el <span class=\"__1 _c8\"> </span>1 <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c8\"> </span>octub<span class=\"__1 _6\"></span>re <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>2018 <span class=\"__1 _c6\"> </span>y <span class=\"__1 _c8\"> </span>el <span class=\"__1 _c8\"> </span>30 <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>junio <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>2019 <span class=\"__1 _c8\"> </span>como <span class=\"__1 _c8\"> </span>con<span class=\"__1 _6\"></span>secuencia <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c8\"> </span>la<span class=\"__1 _1bc\"> </span>disposici\u00f3n adicional octava del <span class=\"__1 _70\"></span>Rea<span class=\"__1 _6\"></span>l Decreto-ley 15/2018, de <span class=\"__1 _70\"></span>5 de <span class=\"__1 _5\"></span>octubre, revisa los valores <span class=\"__1 _5\"></span>de la <span class=\"__1 _70\"></span>retribuci\u00f3n<span class=\"__1 _1bc\"> </span>a la operaci\u00f3n corresp<span class=\"__1 _6\"></span>ondientes al p<span class=\"__1 _6\"></span>rimer semestre del a\u00f1o 2019.<span class=\"__1 _1bc\"> </span>La <span class=\"__1 _cd\"> </span>Orden <span class=\"__1 _cd\"> </span>TED<span class=\"__1 _6\"></span>/995/2022, <span class=\"__1 _ce\"> </span>de <span class=\"__1 _cd\"> </span>14 <span class=\"__1 _cd\"> </span>de <span class=\"__1 _cd\"> </span>octu<span class=\"__1 _6\"></span>bre, <span class=\"__1 _cd\"> </span>esta<span class=\"__1 _6\"></span>blece <span class=\"__1 _cd\"> </span>los <span class=\"__1 _cd\"> </span>v<span class=\"__1 _6\"></span>alores <span class=\"__1 _cd\"> </span>de <span class=\"__1 _cd\"> </span>la <span class=\"__1 _cd\"> </span>r<span class=\"__1 _6\"></span>etribuci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>a <span class=\"__1 _cd\"> </span>la <span class=\"__1 _cd\"> </span>op<span class=\"__1 _6\"></span>eraci\u00f3n<span class=\"__1 _1bc\"> </span>correspondientes  al <span class=\"__1 _c8\"> </span>s<span class=\"__1 _6\"></span>egundo <span class=\"__1 _c6\"> </span>semestre <span class=\"__1 _c6\"> </span>nat<span class=\"__1 _6\"></span>ural <span class=\"__1 _c6\"> </span>del  a\u00f1o <span class=\"__1 _c6\"> </span>2021, <span class=\"__1 _c6\"> </span>aplicables <span class=\"__1 _c6\"> </span>a  determinadas <span class=\"__1 _c6\"> </span>instalaciones  de<span class=\"__1 _1bc\"> </span>producci\u00f3n de energ\u00eda el<span class=\"__1 _6\"></span>\u00e9ctrica a partir <span class=\"__1 _6\"></span>de fuentes de energ\u00eda renov<span class=\"__1 _6\"></span>ables, cogeneraci\u00f3n <span class=\"__1 _6\"></span>y residuos<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span>La <span class=\"__1 _8\"></span>Orden <span class=\"__1 _8\"></span>TED/1232<span class=\"__1 _6\"></span>/2022, <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>2 <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>diciembr<span class=\"__1 _6\"></span>e, <span class=\"__1 _8\"></span>actualiza <span class=\"__1 _8\"></span>lo<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>par\u00e1metros<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>retributivos <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>insta<span class=\"__1 _6\"></span>laciones <span class=\"__1 _8\"></span>tipo<span class=\"__1 _1bc\"> </span>aplicables <span class=\"__1 _4\"></span>a <span class=\"__1 _c8\"> </span>determinadas <span class=\"__1 _c8\"></span>instalaciones <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>prod<span class=\"__1 _6\"></span>ucci\u00f3n <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>energ\u00eda <span class=\"__1 _c8\"></span>el\u00e9ctrica <span class=\"__1 _4\"></span>a <span class=\"__1 _c8\"></span>partir <span class=\"__1 _4\"></span>de<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>fuentes <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>energ\u00eda<span class=\"__1 _1bc\"> </span>renovables, <span class=\"__1 _6\"></span>cogeneraci\u00f3n <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>re<span class=\"__1 _6\"></span>siduos, <span class=\"__1 _6\"></span>recogidos<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el an<span class=\"__1 _6\"></span>exo <span class=\"__1 _6\"></span>I <span class=\"__1 _6\"></span>de la <span class=\"__1 _8\"></span>Orden TED/17<span class=\"__1 _6\"></span>1/2020, <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e 24 <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>fe<span class=\"__1 _8\"></span>brero, <span class=\"__1 _6\"></span>y<span class=\"__1 _1bc\"> </span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>an<span class=\"__1 _6\"></span>exo <span class=\"__1 _4\"></span>I <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>Orden <span class=\"__1 _4\"></span>TED/989/2022, <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>11 <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>octubre <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>efectos <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>su <span class=\"__1 _8\"></span>ap<span class=\"__1 _6\"></span>licaci\u00f3n <span class=\"__1 _4\"></span>al <span class=\"__1 _4\"></span>a\u00f1o <span class=\"__1 _4\"></span>2022, <span class=\"__1 _4\"></span>dando<span class=\"__1 _1bc\"> </span>cumplimiento <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>lo <span class=\"__1 _6\"></span>previs<span class=\"__1 _6\"></span>to <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>art\u00edcu<span class=\"__1 _6\"></span>lo <span class=\"__1 _8\"></span>5.1 <span class=\"__1 _6\"></span>del <span class=\"__1 _8\"></span>Real <span class=\"__1 _6\"></span>Decr<span class=\"__1 _6\"></span>eto<span class=\"__1 _6\"></span>-ley <span class=\"__1 _6\"></span>6/<span class=\"__1 _6\"></span>2022, <span class=\"__1 _8\"></span>a <span class=\"__1 _6\"></span>las <span class=\"__1 _8\"></span>cons<span class=\"__1 _6\"></span>ecuencias <span class=\"__1 _8\"></span>econ\u00f3micas <span class=\"__1 _6\"></span>y<span class=\"__1 _1bc\"> </span>sociales <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>gu<span class=\"__1 _6\"></span>erra <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>Ucra<span class=\"__1 _6\"></span>nia. <span class=\"__1 _8\"></span>Dich<span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>normativa <span class=\"__1 _8\"></span>con<span class=\"__1 _6\"></span>firma <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>valor <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>precio <span class=\"__1 _8\"></span>m<span class=\"__1 _6\"></span>edio <span class=\"__1 _8\"></span>anu<span class=\"__1 _6\"></span>al <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>mercado <span class=\"__1 _8\"></span>en<span class=\"__1 _1bc\"> </span>33,94 \u20ac/MWh <span class=\"__1 _70\"></span>par<span class=\"__1 _6\"></span>a el <span class=\"__1 _70\"></span>a\u00f1o 2020 y <span class=\"__1 _70\"></span>111,90 \u20ac/MWh para <span class=\"__1 _5\"></span>el <span class=\"__1 _5\"></span>a\u00f1o 2021<span class=\"__1 _5\"></span>, fija <span class=\"__1 _70\"></span>el Pool re<span class=\"__1 _5\"></span>gulatorio para 2022 <span class=\"__1 _70\"></span>en 121,92<span class=\"__1 _1bc\"> </span>\u20ac/MWh, <span class=\"__1 _5\"></span>determina <span class=\"__1 _5\"></span>el <span class=\"__1 _70\"></span>VNA as\u00ed <span class=\"__1 _70\"></span>como la <span class=\"__1 _70\"></span>retribuci\u00f3n a <span class=\"__1 _70\"></span>la <span class=\"__1 _5\"></span>inversi\u00f3n <span class=\"__1 _5\"></span>(Rinv) <span class=\"__1 _5\"></span>de <span class=\"__1 _5\"></span>cada <span class=\"__1 _70\"></span>i<span class=\"__1 _6\"></span><span class=\"ff4\">nstalaci\u00f3n tipo <span class=\"__1 _70\"></span>para <span class=\"__1 _5\"></span>el <span class=\"__1 _70\"></span>ejercicio<span class=\"__1 _1bc\"> </span></span>2022, y fija los v<span class=\"__1 _6\"></span>alores de la retribuci\u00f3n a<span class=\"__1 _6\"></span> la operaci\u00f3n ap<span class=\"__1 _6\"></span>licables durante el primer semestre de 2022.<span class=\"__1 _1bc\"> </span>La <span class=\"__1 _cb\"> </span>Orden <span class=\"__1 _cb\"> </span>TED/1295/2022, <span class=\"__1 _cb\"> </span>de <span class=\"__1 _150\"> </span>22 <span class=\"__1 _cb\"> </span>de <span class=\"__1 _cb\"> </span>diciembre, <span class=\"__1 _cb\"> </span>establece <span class=\"__1 _cb\"> </span>los <span class=\"__1 _cb\"> </span>valores <span class=\"__1 _cb\"> </span>de <span class=\"__1 _cb\"> </span>la <span class=\"__1 _150\"> </span>retribu<span class=\"__1 _6\"></span>ci\u00f3n <span class=\"__1 _150\"> </span>a <span class=\"__1 _cb\"> </span>la <span class=\"__1 _cb\"> </span>operaci\u00f3n<span class=\"__1 _1bc\"> </span>correspondientes  al <span class=\"__1 _c6\"> </span>segundo <span class=\"__1 _c6\"> </span>semestre <span class=\"__1 _ca\"> </span>natural <span class=\"__1 _ca\"> </span>del <span class=\"__1 _c6\"> </span>a\u00f1o  2<span class=\"__1 _70\"></span>022,  aplicables <span class=\"__1 _c6\"> </span>a <span class=\"__1 _c6\"> </span>determinad<span class=\"__1 _6\"></span>as <span class=\"__1 _c6\"> </span>ins<span class=\"__1 _6\"></span>talaciones <span class=\"__1 _c6\"> </span>de<span class=\"__1 _1bc\"> </span>producci\u00f3n de energ\u00eda el<span class=\"__1 _6\"></span>\u00e9ctrica a partir <span class=\"__1 _6\"></span>de fuentes de energ\u00eda renov<span class=\"__1 _6\"></span>ables, cogeneraci\u00f3n <span class=\"__1 _6\"></span>y residuos<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span>El Real <span class=\"__1 _6\"></span>Decreto-ley <span class=\"__1 _6\"></span>20/2022, <span class=\"__1 _6\"></span>de 27 <span class=\"__1 _6\"></span>de d<span class=\"__1 _6\"></span>iciembre, de <span class=\"__1 _6\"></span>medid<span class=\"__1 _6\"></span>as d<span class=\"__1 _6\"></span>e respuesta<span class=\"__1 _8\"></span> a <span class=\"__1 _6\"></span>las consecuencias <span class=\"__1 _6\"></span>econ\u00f3micas y<span class=\"__1 _1bc\"> </span>sociales de <span class=\"__1 _5\"></span>la G<span class=\"__1 _5\"></span>uerra de <span class=\"__1 _70\"></span>Ucran<span class=\"__1 _6\"></span>ia, incorpora <span class=\"__1 _5\"></span>entre otras <span class=\"__1 _70\"></span>medidas<span class=\"__1 _6\"></span>, la<span class=\"__1 _5\"></span> pr\u00f3rroga <span class=\"__1 _5\"></span>hasta el <span class=\"__1 _70\"></span>31 de <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>iciembre <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e 2023,<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _4\"></span>la <span class=\"__1 _c8\"> </span>ap<span class=\"__1 _6\"></span>licaci\u00f3n <span class=\"__1 _c8\"></span>del <span class=\"__1 _4\"></span>tipo<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>impos<span class=\"__1 _6\"></span>itivo <span class=\"__1 _c8\"></span>del <span class=\"__1 _c8\"></span>0,5 <span class=\"__1 _4\"></span>% <span class=\"__1 _c8\"> </span>del <span class=\"__1 _c8\"></span>impuesto <span class=\"__1 _c8\"></span>especial <span class=\"__1 _c8\"></span>sobre <span class=\"__1 _c8\"></span>la <span class=\"__1 _4\"></span>electricida<span class=\"__1 _6\"></span>d, <span class=\"__1 _c8\"></span>y <span class=\"__1 _c8\"></span>la <span class=\"__1 _4\"></span>sus<span class=\"__1 _6\"></span>pensi\u00f3n<span class=\"__1 _1bc\"> </span>temporal del Impuesto s<span class=\"__1 _6\"></span>obre el valor de la pro<span class=\"__1 _6\"></span>ducci\u00f3n de la energ\u00eda el\u00e9ctrica.<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _5\"></span>29 <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>ju<span class=\"__1 _6\"></span>nio <span class=\"__1 _5\"></span>de 2023 <span class=\"__1 _70\"></span>se public\u00f3 <span class=\"__1 _5\"></span>el Re<span class=\"__1 _5\"></span>al Decreto-ley 5/2023, <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>28<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>ju<span class=\"__1 _6\"></span>nio, por <span class=\"__1 _70\"></span>el que <span class=\"__1 _70\"></span>se adoptan y <span class=\"__1 _70\"></span>prorrogan<span class=\"__1 _1bc\"> </span>determinadas <span class=\"__1 _8\"></span>medidas <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>respuesta<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>cons<span class=\"__1 _6\"></span>ecuencias <span class=\"__1 _8\"></span>econ\u00f3micas <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>ociales <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>Guerra <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>Ucrania, <span class=\"__1 _8\"></span>de<span class=\"__1 _1bc\"> </span>apoyo <span class=\"__1 _8\"></span>a <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>reconstrucci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>isla <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>La <span class=\"__1 _8\"></span>Palma <span class=\"__1 _6\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>otras <span class=\"__1 _8\"></span>situaciones <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>vu<span class=\"__1 _6\"></span>lnerabilidad; <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>transposici\u00f3n <span class=\"__1 _8\"></span>de<span class=\"__1 _1bc\"> </span>Directivas <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c6\"> </span>la  Uni\u00f3n <span class=\"__1 _c6\"> </span>Europea <span class=\"__1 _ca\"> </span>en <span class=\"__1 _c6\"> </span>materia  de <span class=\"__1 _c6\"> </span>modificacion<span class=\"__1 _6\"></span>es <span class=\"__1 _c6\"> </span>estructu<span class=\"__1 _6\"></span>rales <span class=\"__1 _c6\"> </span>de <span class=\"__1 _ca\"> </span>sociedad<span class=\"__1 _6\"></span>es <span class=\"__1 _c6\"> </span>mercantiles  y<span class=\"__1 _1bc\"> </span>conciliaci\u00f3n <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>vida <span class=\"__1 _c8\"></span>familiar <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>vida <span class=\"__1 _4\"></span>profesional <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>progenitores <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>cuid<span class=\"__1 _6\"></span>adores; <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>ejecuci\u00f3n <span class=\"__1 _4\"></span>y<span class=\"__1 _1bc\"> </span>cumplimiento del Derecho d<span class=\"__1 _6\"></span>e la Uni\u00f3n E<span class=\"__1 _6\"></span>uropea (\u201cRDL 5/202<span class=\"__1 _6\"></span>3\u201d) El <span class=\"__1 _c6\"> </span>RDL <span class=\"__1 _c6\"> </span>5/2023 <span class=\"__1 _c6\"> </span>adop<span class=\"__1 _6\"></span>ta <span class=\"__1 _c6\"> </span>diversas <span class=\"__1 _c6\"> </span>medidas<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>aplicables <span class=\"__1 _c6\"> </span>a <span class=\"__1 _c6\"> </span>las<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>instalaciones <span class=\"__1 _ca\"> </span>incluidas <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c6\"> </span>el <span class=\"__1 _c6\"> </span>r\u00e9gimen  retributivo<span class=\"__1 _1bc\"> </span>espec\u00edfico regulado en el RD <span class=\"__1 _6\"></span>413/2014, <span class=\"__1 _6\"></span>entre las que desta<span class=\"__1 _6\"></span>can:<span class=\"__1 _1bc\"> </span>\u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4\">Se <span class=\"__1 _4\"></span>establece <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>pool <span class=\"__1 _4\"></span>regulatorio <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>emiperiodo <span class=\"__1 _4\"></span>2023<span class=\"__1 _6\"></span>-<span class=\"ff6\">20<span class=\"__1 _6\"></span>25 <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>109,31 <span class=\"__1 _8\"></span>\u20ac/<span class=\"__1 _6\"></span>MWh <span class=\"__1 _4\"></span>para <span class=\"__1 _4\"></span>2023, <span class=\"__1 _4\"></span>108,86<span class=\"__1 _1bc\"> </span></span></span></span>\u20ac/MWh para 2024 y 89,37 \u20ac/<span class=\"__1 _6\"></span>MWh para <span class=\"__1 _6\"></span>2025.<span class=\"__1 _1bc\"> </span>\u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4\">Para <span class=\"__1 _c6\"> </span>el <span class=\"__1 _ca\"> </span>c\u00e1lculo <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _c6\"> </span>Vajd<span class=\"__1 _6\"></span>m <span class=\"__1 _c6\"> </span>en<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>el <span class=\"__1 _c6\"> </span>p<span class=\"__1 _6\"></span>recio <span class=\"__1 _c6\"> </span>del  mercado <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>el  a\u00f1o <span class=\"__1 _c6\"> </span>2023 <span class=\"__1 _c6\"> </span>que <span class=\"__1 _c6\"> </span>s<span class=\"__1 _6\"></span>er\u00e1 <span class=\"__1 _ca\"> </span>de <span class=\"__1 _c6\"> </span>aplic<span class=\"__1 _6\"></span>aci\u00f3n <span class=\"__1 _c6\"> </span>en  la<span class=\"__1 _1bc\"> </span></span></span>actualizaci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>par\u00e1metros<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>retribu<span class=\"__1 _6\"></span>tivos <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>semiperiodo <span class=\"__1 _8\"></span>regulatorio <span class=\"__1 _8\"></span>que <span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>ene <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>u <span class=\"__1 _8\"></span>inicio <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>1 <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span>enero <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>026, <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>valo<span class=\"__1 _6\"></span>r <span class=\"__1 _6\"></span>m<span class=\"__1 _6\"></span>edio <span class=\"__1 _8\"></span>ponderado <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>cesta <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>recios <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>m<span class=\"__1 _6\"></span>ercados <span class=\"__1 _8\"></span>el\u00e9ctricos <span class=\"__1 _8\"></span>para <span class=\"__1 _8\"></span>el<span class=\"__1 _1bc\"> </span>a\u00f1o 2023 ser\u00e1 el valor m\u00ednimo entre dicho valor, seg\u00fan la definici\u00f3n del art\u00edculo 22 del RD 413/2014,<span class=\"__1 _1bc\"> </span>y el precio medio an<span class=\"__1 _6\"></span>ual del mercado diario e intra<span class=\"__1 _6\"></span>diario en el a\u00f1o 2023.<span class=\"__1 _1bc\"> </span>\u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4\">Se <span class=\"__1 _c9\"> </span>incluyen <span class=\"__1 _c9\"> </span>previsiones <span class=\"__1 _c9\"> </span>relativas <span class=\"__1 _c9\"> </span>a <span class=\"__1 _c9\"> </span>la <span class=\"__1 _cb\"> </span>actualiz<span class=\"__1 _6\"></span>aci\u00f3n <span class=\"__1 _c9\"> </span>de <span class=\"__1 _c9\"> </span>l<span class=\"__1 _5\"></span>a <span class=\"__1 _c9\"> </span>retribuci\u00f3n <span class=\"__1 _c9\"> </span>a <span class=\"__1 _c9\"> </span>la <span class=\"__1 _cb\"> </span>o<span class=\"__1 _6\"></span>peraci\u00f3n <span class=\"__1 _c9\"> </span>para <span class=\"__1 _c9\"> </span>l<span class=\"__1 _6\"></span>as<span class=\"__1 _1bc\"> </span></span></span>instalaciones <span class=\"__1 _8\"></span>tipo <span class=\"__1 _8\"></span>cuyos <span class=\"__1 _8\"></span>costes <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>explotaci\u00f3n <span class=\"__1 _8\"></span>dependan<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>encialmente <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>precio <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>combustible<span class=\"__1 _1bc\"> </span>para el primer y segund<span class=\"__1 _6\"></span>o semestre de 2023.<span class=\"__1 _1bc\"> </span>El 30 <span class=\"__1 _6\"></span>de jun<span class=\"__1 _6\"></span>io de <span class=\"__1 _6\"></span>2023 se <span class=\"__1 _6\"></span>public\u00f3 la <span class=\"__1 _6\"></span>Orden TED <span class=\"__1 _6\"></span>741/2023 <span class=\"__1 _6\"></span>por la <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>se actualizan <span class=\"__1 _6\"></span>los par\u00e1metros <span class=\"__1 _6\"></span>retributivos<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _8\"></span>las <span class=\"__1 _4\"></span>instalaciones <span class=\"__1 _8\"></span>tipo <span class=\"__1 _8\"></span>incluidas<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>\u00e1mb<span class=\"__1 _6\"></span>ito <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>a<span class=\"__1 _5\"></span>plicaci\u00f3n, <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>ara <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>semiperiodo <span class=\"__1 _8\"></span>regul<span class=\"__1 _6\"></span>atorio <span class=\"__1 _4\"></span>comprendido<span class=\"__1 _1bc\"> </span>entre el 1 de enero de 2023 y el 31 de diciembre de 2025, en aplicaci\u00f3n<span class=\"__1 _6\"></span> de lo dispuesto en el art\u00edculo 20.2 del<span class=\"__1 _1bc\"> </span>Real <span class=\"__1 _6\"></span>Decreto <span class=\"__1 _8\"></span>413/2014, <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>6 <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>jun<span class=\"__1 _6\"></span>io, <span class=\"__1 _6\"></span>po<span class=\"__1 _6\"></span>r <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _6\"></span>se <span class=\"__1 _8\"></span>regula <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>activid<span class=\"__1 _6\"></span>ad <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>producci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>energ\u00eda <span class=\"__1 _8\"></span>el\u00e9ctrica <span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span>partir <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>fuentes <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>energ\u00eda <span class=\"__1 _4\"></span>re<span class=\"__1 _5\"></span>novables, <span class=\"__1 _4\"></span>cogeneraci\u00f3n <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>residuos<span class=\"__1 _6\"></span>. <span class=\"__1 _4\"></span>Adem\u00e1s, <span class=\"__1 _4\"></span>se <span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span>tablecen <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>valores <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>la<span class=\"__1 _1bc\"> </span>retribuci\u00f3n a la op<span class=\"__1 _6\"></span>eraci\u00f3n para el primer semestre natu<span class=\"__1 _6\"></span>ral del a\u00f1o 2023 de las in<span class=\"__1 _8\"></span>stalaciones tipo cuyos cos<span class=\"__1 _6\"></span>tes<span class=\"__1 _1bc\"> </span>de explotaci\u00f3n dependen es<span class=\"__1 _6\"></span>encialmente d<span class=\"__1 _6\"></span>el precio del comb<span class=\"__1 _6\"></span>ustible.<span class=\"__1 _1bc\"> </span>Lo m\u00e1s relevante de la o<span class=\"__1 _6\"></span>rden:<span class=\"__1 _1bc\"> </span>\u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff6\">Los precios <span class=\"__1 _70\"></span>pool regulatorios <span class=\"__1 _70\"></span>ser\u00e1n; a\u00f1o <span class=\"__1 _70\"></span>2023: 109,31 <span class=\"__1 _70\"></span>\u20ac/M<span class=\"__1 _6\"></span>Wh, a\u00f1o <span class=\"__1 _70\"></span>2024: 108,86 <span class=\"__1 _70\"></span>\u20ac/MWh, y <span class=\"__1 _70\"></span>a\u00f1o<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>2025:<span class=\"__1 _1bc\"> </span></span></span>89,37 \u20ac/MWh<span class=\"__1 _1bc\"> </span>\u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4\">El precio de la <span class=\"__1 _6\"></span>biomasa as\u00ed como los co<span class=\"__1 _6\"></span>stes de explotaci\u00f3n<span class=\"__1 _6\"></span> se actualizan a<span class=\"__1 _6\"></span>l 1%.<span class=\"__1 _1bc\"> </span></span></span>\u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4\">La  Orden <span class=\"__1 _c6\"> </span>detalla  el <span class=\"__1 _c6\"> </span>VN<span class=\"__1 _6\"></span>A <span class=\"__1 _c6\"> </span>al  1/1/2023  as\u00ed <span class=\"__1 _c6\"> </span>co<span class=\"__1 _6\"></span>mo <span class=\"__1 _c6\"> </span>las<span class=\"__1 _6\"></span> <span class=\"__1 _ca\"> </span>retribuciones  a <span class=\"__1 _c6\"> </span>la  inversi\u00f3n  f<span class=\"__1 _5\"></span>uturas<span class=\"__1 _6\"></span> <span class=\"__1 _ca\"> </span>de <span class=\"__1 _ca\"> </span>cada<span class=\"__1 _1bc\"> </span></span></span>instalaci\u00f3n.<span class=\"__1 _1bc\"> </span>\u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4\">Asimismo, la <span class=\"__1 _70\"></span>Orden <span class=\"__1 _70\"></span>incorpora las <span class=\"__1 _70\"></span>retribuciones a <span class=\"__1 _70\"></span>la <span class=\"__1 _70\"></span>operaci\u00f3<span class=\"__1 _6\"></span>n <span class=\"__1 _70\"></span>del <span class=\"__1 _5\"></span>1\u00ba <span class=\"__1 _70\"></span>semes<span class=\"__1 _6\"></span>tre, <span class=\"__1 _70\"></span>que <span class=\"__1 _5\"></span>so<span class=\"__1 _6\"></span>n nulas <span class=\"__1 _70\"></span>en <span class=\"__1 _70\"></span>tod<span class=\"__1 _6\"></span>as<span class=\"__1 _1bc\"> </span></span></span>las <span class=\"__1 _6\"></span>ins<span class=\"__1 _6\"></span>talaciones <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>Grup<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>excepci\u00f3n <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>plan<span class=\"__1 _6\"></span>ta <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>cogeneraci\u00f3n <span class=\"__1 _6\"></span>con <span class=\"__1 _8\"></span>gas <span class=\"__1 _6\"></span>ubicada <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>C\u00f3rdoba <span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span>la que se le reconoce una <span class=\"__1 _6\"></span>retribuci\u00f3n a<span class=\"__1 _6\"></span> la operaci\u00f3n po<span class=\"__1 _6\"></span>r importe de 286 \u20ac/MWh.<span class=\"__1 _1bc\"> </span>Adicionalmente, <span class=\"__1 _5\"></span>el <span class=\"__1 _70\"></span>30 <span class=\"__1 _5\"></span>de <span class=\"__1 _5\"></span>junio <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>2023 <span class=\"__1 _5\"></span>tambi\u00e9n <span class=\"__1 _5\"></span>se <span class=\"__1 _70\"></span>hizo p\u00fablica<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>la <span class=\"__1 _5\"></span>Propuesta <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>Ord<span class=\"__1 _6\"></span>en <span class=\"__1 _70\"></span>por la <span class=\"__1 _70\"></span>que <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>establec<span class=\"__1 _6\"></span>en<span class=\"__1 _1bc\"> </span>los <span class=\"__1 _c8\"> </span>v<span class=\"__1 _6\"></span>alores <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c8\"> </span>retribuci\u00f3n <span class=\"__1 _c6\"> </span>a <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c6\"> </span>operaci\u00f3n <span class=\"__1 _c8\"> </span>corres<span class=\"__1 _6\"></span>pondientes <span class=\"__1 _c6\"> </span>al <span class=\"__1 _c8\"> </span>segundo<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>semestre <span class=\"__1 _c8\"> </span>nat<span class=\"__1 _6\"></span>ural <span class=\"__1 _c8\"> </span>del <span class=\"__1 _c6\"> </span>a\u00f1o <span class=\"__1 _c8\"> </span>2023,<span class=\"__1 _1bc\"> </span>aplicables <span class=\"__1 _4\"></span>a <span class=\"__1 _c8\"> </span>determinadas <span class=\"__1 _c8\"></span>instalaciones <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>prod<span class=\"__1 _6\"></span>ucci\u00f3n <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>energ\u00eda <span class=\"__1 _c8\"></span>el\u00e9ctrica <span class=\"__1 _4\"></span>a <span class=\"__1 _c8\"></span>partir <span class=\"__1 _4\"></span>de<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>fuentes <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>energ\u00ed<span class=\"__1 _8\"></span><span class=\"ls21\">a<span class=\"__1 _1bc\"> </span></span>renovables, cogeneraci\u00f3n y <span class=\"__1 _70\"></span>re<span class=\"__1 _6\"></span>siduos. En e<span class=\"__1 _5\"></span>sta orden se <span class=\"__1 _70\"></span>publican las Ro <span class=\"__1 _5\"></span>del 2\u00ba <span class=\"__1 _70\"></span>semestre, que son nulas e<span class=\"__1 _5\"></span>n toda<span class=\"__1 _5\"></span>s<span class=\"__1 _1bc\"> </span>las ins<span class=\"__1 _6\"></span>talaciones <span class=\"__1 _6\"></span>del Grupo <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>excepci\u00f3n d<span class=\"__1 _6\"></span>e la <span class=\"__1 _6\"></span>planta<span class=\"__1 _6\"></span> de <span class=\"__1 _6\"></span>cogeneraci\u00f3n<span class=\"__1 _6\"></span> con <span class=\"__1 _6\"></span>gas <span class=\"__1 _6\"></span>ubicada <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>C\u00f3rdoba <span class=\"__1 _6\"></span>a la <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>se<span class=\"__1 _1bc\"> </span>le reconoce una retribu<span class=\"__1 _6\"></span>ci\u00f3n a la ope<span class=\"__1 _6\"></span><span class=\"ff6\">raci\u00f3n po<span class=\"__1 _6\"></span>r importe de 84,39 \u20ac/MWh.<span class=\"__1 _1bc\"> </span></span>El <span class=\"__1 _70\"></span>22 <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>noviembre <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>2023 <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>h<span class=\"__1 _6\"></span>a <span class=\"__1 _70\"></span>remitido <span class=\"__1 _5\"></span>a <span class=\"__1 _70\"></span>informaci\u00f3n p\u00fa<span class=\"__1 _5\"></span>blica <span class=\"__1 _70\"></span>la Propuesta <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>Orden <span class=\"__1 _5\"></span>por <span class=\"__1 _70\"></span>la <span class=\"__1 _5\"></span>que <span class=\"__1 _70\"></span>se <span class=\"__1 _70\"></span>estab<span class=\"__1 _6\"></span>lece<span class=\"__1 _1bc\"> </span>la <span class=\"__1 _4\"></span>metodolog\u00eda <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>actualizaci<span class=\"__1 _6\"></span>\u00f3n <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>Retribuci\u00f3n <span class=\"__1 _c8\"></span>a <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>Operaci\u00f3n <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>las <span class=\"__1 _4\"></span>Instalacion<span class=\"__1 _6\"></span>es <span class=\"__1 _4\"></span>tipo <span class=\"__1 _4\"></span>cuyos <span class=\"__1 _4\"></span>costes <span class=\"__1 _4\"></span>de<span class=\"__1 _1bc\"> </span>explotaci\u00f3n <span class=\"__1 _4\"></span>dependan <span class=\"__1 _4\"></span>esencialmente <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>precio <span class=\"__1 _8\"></span>del <span class=\"__1 _4\"></span>combus<span class=\"__1 _6\"></span>tible. <span class=\"__1 _4\"></span>Esta <span class=\"__1 _4\"></span>Orden <span class=\"__1 _8\"></span>pretende <span class=\"__1 _4\"></span>sustitu<span class=\"__1 _6\"></span>ir <span class=\"__1 _4\"></span>a <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>Orden<span class=\"__1 _1bc\"> </span>IET/1345/2015, de 2 d<span class=\"__1 _6\"></span>e julio y co<span class=\"__1 _6\"></span>ntempla:<span class=\"__1 _1bc\"> </span>\u2022<span class=\"ff2_1\"> <span class=\"__1 _a8\"> </span><span class=\"ff4\">Para <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>instalaciones <span class=\"__1 _8\"></span>tipo <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>biomasa,<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>actualizaci\u00f3<span class=\"__1 _6\"></span>n <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>retribuci\u00f3n <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>peraci\u00f3n <span class=\"__1 _8\"></span>(Ro) <span class=\"__1 _8\"></span>se <span class=\"__1 _6\"></span>realizar\u00e1<span class=\"__1 _1bc\"> </span></span></span>anualmente, <span class=\"__1 _5\"></span>coincidiendo con <span class=\"__1 _70\"></span>loa <span class=\"__1 _70\"></span>a\u00f1os<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>natu<span class=\"__1 _6\"></span>rales, <span class=\"__1 _70\"></span>en <span class=\"__1 _5\"></span>base <span class=\"__1 _5\"></span>a <span class=\"__1 _70\"></span>la <span class=\"__1 _5\"></span>estimaci\u00f3n <span class=\"__1 _70\"></span>del<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>precio<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>del mercado <span class=\"__1 _70\"></span>el\u00e9ctrico<span class=\"__1 _1bc\"> </span>(108,86 <span class=\"__1 _4\"></span>\u20ac/Mwh <span class=\"__1 _4\"></span>para <span class=\"__1 _4\"></span>2023) <span class=\"__1 _4\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>precio <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>combustible <span class=\"__1 _4\"></span>(<span class=\"__1 _6\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>a\u00f1o <span class=\"__1 _4\"></span>2023 <span class=\"__1 _4\"></span>queda <span class=\"__1 _4\"></span>fijado <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>50,48 <span class=\"__1 _4\"></span>\u20ac/ton<span class=\"__1 _1bc\"> </span>biomasa b6 y<span class=\"__1 _6\"></span> 42,92\u20ac/ton b8), as\u00ed co<span class=\"__1 _6\"></span>mo de los par\u00e1metros<span class=\"__1 _6\"></span> re<span class=\"ff4\">trib<span class=\"__1 _6\"></span>utivos que depend<span class=\"__1 _6\"></span>an de los anteriores.<span class=\"__1 _1bc\"> </span></span>\u2022<span class=\"ff2_1\"> <span class=\"__1 _a8\"> </span><span class=\"ff4\">En <span class=\"__1 _6\"></span>el caso <span class=\"__1 _6\"></span>de las <span class=\"__1 _6\"></span>instalaciones de <span class=\"__1 _6\"></span>biomasa <span class=\"__1 _6\"></span>se considera <span class=\"__1 _6\"></span>necesario es<span class=\"__1 _6\"></span>timar un <span class=\"__1 _6\"></span>precio d<span class=\"__1 _6\"></span>e combustib<span class=\"__1 _6\"></span>le para<span class=\"__1 _1bc\"> </span></span></span>el <span class=\"__1 _c6\"> </span>c\u00e1lculo  de <span class=\"__1 _c6\"> </span>la  retribuci\u00f3n <span class=\"__1 _c6\"> </span>a  la <span class=\"__1 _c6\"> </span>operaci\u00f3n  y <span class=\"__1 _c6\"> </span>realizar  po<span class=\"__1 _5\"></span>steriormente <span class=\"__1 _ca\"> </span>un  ajuste <span class=\"__1 _c6\"> </span>en <span class=\"__1 _ca\"> </span>base <span class=\"__1 _c6\"> </span>a  un <span class=\"__1 _c6\"> </span>precio<span class=\"__1 _1bc\"> </span>reconocido que <span class=\"__1 _70\"></span>tiene en <span class=\"__1 _70\"></span>cuenta las <span class=\"__1 _70\"></span>variacion<span class=\"__1 _6\"></span>es <span class=\"__1 _5\"></span>interanuales <span class=\"__1 _5\"></span>del <span class=\"__1 _5\"></span>precio <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _70\"></span>tra<span class=\"__1 _6\"></span>nsporte y <span class=\"__1 _70\"></span>del salario <span class=\"__1 _70\"></span>m\u00ednimo<span class=\"__1 _1bc\"> </span>interprofesional.<span class=\"__1 _1bc\"> </span>El precio <span class=\"__1 _6\"></span>del combus<span class=\"__1 _6\"></span>tible est\u00e1<span class=\"__1 _6\"></span> v<span class=\"__1 _6\"></span>inculado <span class=\"__1 _6\"></span>a 3 <span class=\"__1 _6\"></span>variables; <span class=\"__1 _6\"></span>a) Un 40% <span class=\"__1 _6\"></span>est\u00e1 v<span class=\"__1 _6\"></span>inculado <span class=\"__1 _6\"></span>al precio <span class=\"__1 _6\"></span>de mercado <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span>la <span class=\"__1 _70\"></span>biomas<span class=\"__1 _6\"></span>a <span class=\"__1 _70\"></span>que <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>estima <span class=\"__1 _5\"></span>anualmente <span class=\"__1 _70\"></span>incr<span class=\"__1 _6\"></span>ement\u00e1ndolo al <span class=\"__1 _70\"></span>1%<span class=\"__1 _5\"></span>, <span class=\"__1 _70\"></span>b) un <span class=\"__1 _70\"></span>36% <span class=\"__1 _70\"></span>vinculado<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>al <span class=\"__1 _70\"></span>precio <span class=\"__1 _5\"></span>del <span class=\"__1 _70\"></span>trans<span class=\"__1 _6\"></span>porte<span class=\"__1 _1bc\"> </span>y c) un 24% vincu<span class=\"__1 _6\"></span>lado al Salario M\u00ednimo In<span class=\"__1 _6\"></span>terprofesional<span class=\"__1 _1bc\"> </span>Este <span class=\"__1 _4\"></span>ajuste <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>calcular\u00e1 <span class=\"__1 _4\"></span>an<span class=\"__1 _5\"></span>ualmente <span class=\"__1 _4\"></span>considerando <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>energ\u00eda <span class=\"__1 _8\"></span>vend<span class=\"__1 _6\"></span>ida <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>mercado <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>producci\u00f3n <span class=\"__1 _4\"></span>en<span class=\"__1 _1bc\"> </span>cualquiera <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>sus <span class=\"__1 _4\"></span>formas <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>con<span class=\"__1 _6\"></span>trataci\u00f3n <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>icho <span class=\"__1 _8\"></span>period<span class=\"__1 _6\"></span>o, <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>liqu<span class=\"__1 _6\"></span>idaci\u00f3n <span class=\"__1 _4\"></span>se <span class=\"__1 _8\"></span>llevar\u00e1 <span class=\"__1 _4\"></span>a <span class=\"__1 _8\"></span>cabo <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>12<span class=\"__1 _1bc\"> </span>mensualidades.<span class=\"__1 _1bc\"> </span>\u2022<span class=\"ff2_1\"> <span class=\"__1 _a8\"> </span><span class=\"ff4\">La cesta de precios p<span class=\"__1 _5\"></span>ara determinar el pool <span class=\"__1 _5\"></span>regulatorio anual, que en 2023 se construye e<span class=\"__1 _5\"></span>n un 75% con <span class=\"__1 _5\"></span>el<span class=\"__1 _1bc\"> </span></span></span>precio pool <span class=\"ls16\">y </span>en <span class=\"__1 _5\"></span>un 25% con futuros<span class=\"__1 _6\"></span> a distinto plazo, en <span class=\"__1 _5\"></span>2024 se construye con una distribuci\u00f3n 50% pool<span class=\"__1 _1bc\"> </span>de mercado <span class=\"ff6\">\u2013</span> 50% <span class=\"__1 _6\"></span>futuros y en<span class=\"__1 _6\"></span> 2025 y siguientes 20% <span class=\"__1 _6\"></span>pool de mercado <span class=\"__1 _6\"></span><span class=\"ff6\">\u2013</span> 80% futu<span class=\"__1 _6\"></span>ros.<span class=\"__1 _1bc\"> </span>\u2022<span class=\"ff2_1\"> <span class=\"__1 _a8\"> </span><span class=\"ff4\">En <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>instalaciones <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>gas, <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>Ro <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>revisa <span class=\"__1 _8\"></span>trimestralmente<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>considerando <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>evoluci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>pr<span class=\"__1 _8\"></span>ecios <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span></span></span>mercado el\u00e9ctrico <span class=\"__1 _6\"></span>(a <span class=\"__1 _6\"></span>partir <span class=\"__1 _6\"></span>de futuros<span class=\"__1 _6\"></span> de <span class=\"__1 _6\"></span>OMIP), de <span class=\"__1 _6\"></span>derechos <span class=\"__1 _6\"></span>de CO2 <span class=\"__1 _6\"></span>(a p<span class=\"__1 _6\"></span>artir de <span class=\"__1 _6\"></span>futuros <span class=\"__1 _6\"></span>trimestrales <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span>derechos) y de combus<span class=\"__1 _6\"></span>tible (a partir de futu<span class=\"__1 _6\"></span>ros de MIBGAS)<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span>Asimismo, <span class=\"__1 _4\"></span>se <span class=\"__1 _c8\"></span>exime <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>ap<span class=\"__1 _6\"></span>licaci\u00f3n <span class=\"__1 _c8\"></span>del <span class=\"__1 _4\"></span>sistema <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>ajuste <span class=\"__1 _c8\"></span>por <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>esviaciones <span class=\"__1 _c8\"></span>en <span class=\"__1 _4\"></span>el<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>precio <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>mercado<span class=\"__1 _1bc\"> </span>regulado <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>art\u00edculo <span class=\"__1 _6\"></span>22 <span class=\"__1 _6\"></span>del Real <span class=\"__1 _6\"></span>Decreto <span class=\"__1 _6\"></span>413/2014, <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>6 <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>jun<span class=\"__1 _8\"></span>io, a <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>instalaciones <span class=\"__1 _8\"></span>que incluy<span class=\"__1 _6\"></span>an una<span class=\"__1 _1bc\"> </span>central de cogeneraci\u00f3n. El <span class=\"__1 _c9\"> </span>Real <span class=\"__1 _c9\"> </span>Decreto-l<span class=\"__1 _6\"></span>ey <span class=\"__1 _c9\"> </span>8<span class=\"lsc6\">/202</span>3, <span class=\"__1 _c9\"> </span>de <span class=\"__1 _c9\"> </span>28 <span class=\"__1 _c9\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c9\"> </span>diciembre, <span class=\"__1 _c9\"> </span>p<span class=\"__1 _6\"></span>or <span class=\"__1 _c9\"> </span>el <span class=\"__1 _c9\"> </span>que <span class=\"__1 _c9\"> </span>se <span class=\"__1 _c9\"> </span>adop<span class=\"__1 _6\"></span>tan <span class=\"__1 _c9\"> </span>medidas <span class=\"__1 _c9\"> </span>para <span class=\"__1 _c9\"> </span>afron<span class=\"__1 _6\"></span>tar <span class=\"__1 _c9\"> </span>las<span class=\"__1 _1bc\"> </span>consecuencias econ\u00f3<span class=\"__1 _6\"></span>micas y sociales d<span class=\"__1 _6\"></span>erivadas de los<span class=\"__1 _6\"></span> conflictos en Ucrania <span class=\"__1 _6\"></span>y Oriente Pr\u00f3ximo, a<span class=\"__1 _6\"></span>s\u00ed como para<span class=\"__1 _1bc\"> </span>paliar los efectos de la s<span class=\"__1 _6\"></span>equ\u00eda <span class=\"__1 _6\"></span>introduce cambios, en<span class=\"__1 _6\"></span>tre los que des<span class=\"__1 _6\"></span>tacan:<span class=\"__1 _1bc\"> </span>1.<span class=\"ff2_1 ls0_1\"> <span class=\"__1 _b5\"> </span><span class=\"ff4\">Una serie de m<span class=\"__1 _6\"></span>edidas fiscales en el \u00e1mbito<span class=\"__1 _6\"></span> energ\u00e9tico:<span class=\"__1 _1bc\"> </span></span></span>\u2022<span class=\"ff4\"> <span class=\"__1 _be\"></span>IVA: del 10% p<span class=\"__1 _6\"></span>ara todo 202<span class=\"__1 _6\"></span>4. En 2023 <span class=\"__1 _6\"></span>era del 5%.<span class=\"__1 _1bc\"> </span></span>\u2022<span class=\"ff4\"> <span class=\"__1 _be\"></span>Impuesto <span class=\"__1 _8\"></span>especial <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>electricidad<span class=\"__1 _6\"></span>: <span class=\"__1 _6\"></span>2,5% <span class=\"__1 _8\"></span>para <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>rimer <span class=\"__1 _8\"></span>trimestre <span class=\"__1 _8\"></span>2024 <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>3,<span class=\"__1 _6\"></span>8% <span class=\"__1 _6\"></span>para <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>segu<span class=\"__1 _6\"></span>ndo. <span class=\"__1 _8\"></span>En<span class=\"__1 _1bc\"> </span></span>2023 fue del 0.5%. \u2022<span class=\"ff4\"> <span class=\"__1 _be\"></span>IVPEE: <span class=\"__1 _6\"></span>del <span class=\"__1 _8\"></span>3,5% <span class=\"__1 _6\"></span>para <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>primer <span class=\"__1 _6\"></span>trimestre, <span class=\"__1 _6\"></span>5,25% <span class=\"__1 _6\"></span>par<span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>segun<span class=\"__1 _6\"></span>do <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>al <span class=\"__1 _8\"></span>7% <span class=\"__1 _6\"></span>desde <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>tercero. <span class=\"__1 _8\"></span>En <span class=\"__1 _6\"></span>2023<span class=\"__1 _1bc\"> </span></span>era del 0%. 2.<span class=\"ff2_1 ls0_1\"> <span class=\"__1 _b5\"> </span><span class=\"ff4\">Cambios en lo<span class=\"__1 _6\"></span>s plazos d<span class=\"__1 _6\"></span>e los hitos adminis<span class=\"__1 _6\"></span>trativos de acceso y co<span class=\"__1 _6\"></span>nexi\u00f3n:<span class=\"__1 _1bc\"> </span></span></span>\u2022<span class=\"ff4\"> <span class=\"__1 _be\"></span>AAC (Autorizaci\u00f3n<span class=\"__1 _6\"></span> Administrativ<span class=\"__1 _6\"></span>a de Constru<span class=\"__1 _6\"></span>cci\u00f3n): 49 meses frente a los 43 <span class=\"__1 _6\"></span>actuales. </span>\u2022<span class=\"ff4\"> <span class=\"__1 _be\"></span>AAE <span class=\"__1 _c8\"> </span>(Autorizaci\u00f3n <span class=\"__1 _c6\"> </span>Administrativa <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"></span>Explotaci\u00f3n): <span class=\"__1 _c8\"> </span>8 <span class=\"__1 _c8\"> </span>a\u00f1<span class=\"__1 _6\"></span>os <span class=\"__1 _4\"></span>frente <span class=\"__1 _c8\"> </span>a <span class=\"__1 _c6\"> </span>los <span class=\"__1 _c8\"> </span>5 <span class=\"__1 _c8\"> </span>actu<span class=\"__1 _6\"></span>ales. <span class=\"__1 _c8\"> </span>En <span class=\"__1 _c8\"> </span>el <span class=\"__1 _c8\"> </span>caso <span class=\"__1 _c8\"> </span>de<span class=\"__1 _1bc\"> </span></span>bombeos y e\u00f3lica marin<span class=\"__1 _6\"></span>a el plaz<span class=\"__1 _6\"></span>o se extiende a 9 a\u00f1<span class=\"__1 _6\"></span>os. 3.<span class=\"ff2_1 ls0_1\"> <span class=\"__1 _b5\"> </span><span class=\"ff4\">Criterios <span class=\"__1 _5\"></span>para <span class=\"__1 _70\"></span>la re<span class=\"__1 _5\"></span>tribuci\u00f3n <span class=\"__1 _5\"></span>a <span class=\"__1 _70\"></span>la <span class=\"__1 _70\"></span>operaci\u00f3n <span class=\"__1 _5\"></span>para <span class=\"__1 _70\"></span>insta<span class=\"__1 _6\"></span>laciones <span class=\"__1 _70\"></span>que <span class=\"__1 _5\"></span>dependen <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _70\"></span>coste <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>combustible,<span class=\"__1 _1bc\"> </span></span></span>a partir <span class=\"__1 _6\"></span>del 2024.<span class=\"__1 _6\"></span> Se <span class=\"__1 _6\"></span>establece que <span class=\"__1 _6\"></span>la retribu<span class=\"__1 _6\"></span>ci\u00f3n a <span class=\"__1 _6\"></span>la operaci\u00f3n <span class=\"__1 _6\"></span>durante <span class=\"__1 _6\"></span>el primer s<span class=\"__1 _6\"></span>emestre de 2024<span class=\"__1 _1bc\"> </span>asciende <span class=\"__1 _8\"></span>a <span class=\"__1 _4\"></span>685 <span class=\"__1 _8\"></span>millones <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>ara <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>cogeneraci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>y <span class=\"__1 _4\"></span>el <span class=\"__1 _6\"></span>tratamiento <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>residuos, <span class=\"__1 _8\"></span>y <span class=\"__1 _4\"></span>2,23 <span class=\"__1 _6\"></span>millones <span class=\"__1 _4\"></span>para <span class=\"__1 _8\"></span>la<span class=\"__1 _1bc\"> </span>biomasa. Se <span class=\"__1 _70\"></span>prorrogan las <span class=\"__1 _70\"></span>hip\u00f3tesis de <span class=\"__1 _70\"></span>c\u00e1lculos <span class=\"__1 _5\"></span>publicadas e<span class=\"__1 _5\"></span>n <span class=\"__1 _5\"></span>la <span class=\"__1 _70\"></span>Ord<span class=\"__1 _6\"></span>en <span class=\"__1 _5\"></span>TED/741/2023, <span class=\"__1 _70\"></span>de 30 <span class=\"__1 _70\"></span>de junio,<span class=\"__1 _1bc\"> </span>con aplicaci\u00f3n a p<span class=\"__1 _6\"></span>artir del 1 de enero de 2024, con<span class=\"__1 _6\"></span> los siguientes<span class=\"__1 _6\"></span> matices<span class=\"__1 _6\"></span>:<span class=\"__1 _1bc\"> </span>El C\u00e1lculo de la <span class=\"__1 _5\"></span>Ro, tal y como dice <span class=\"__1 _5\"></span>el RD413/2014 se har\u00e1 igualando los ingresos de Explotaci\u00f3n a los<span class=\"__1 _1bc\"> </span>costes de Exp<span class=\"__1 _6\"></span>lotaci\u00f3n.<span class=\"__1 _1bc\"> </span>Para la Cogeneraci\u00f3n y Resid<span class=\"__1 _6\"></span>uos:<span class=\"__1 _1bc\"> </span>o<span class=\"ff2_1\"> <span class=\"__1 _c5\"> </span><span class=\"ff4\">Precio <span class=\"__1 _6\"></span>del mercado<span class=\"__1 _6\"></span> para <span class=\"__1 _6\"></span>el primer <span class=\"__1 _6\"></span>semestre d<span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>2024: <span class=\"__1 _6\"></span><span class=\"ff6\">104,98 \u20ac/MWh<span class=\"__1 _6\"></span></span>, calculad<span class=\"__1 _6\"></span>o como <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>media<span class=\"__1 _1bc\"> </span></span></span>aritm\u00e9tica <span class=\"__1 _6\"></span>del <span class=\"__1 _8\"></span>OMIP <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>urante <span class=\"__1 _8\"></span>1 <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>en<span class=\"__1 _6\"></span>ero <span class=\"__1 _6\"></span>al <span class=\"__1 _8\"></span>30 <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>septiembre <span class=\"__1 _6\"></span>del <span class=\"__1 _8\"></span>2023 <span class=\"__1 _8\"></span>del <span class=\"__1 _6\"></span>Primer <span class=\"__1 _8\"></span>Semestre <span class=\"__1 _6\"></span>del<span class=\"__1 _1bc\"> </span>2024<span class=\"ls0_1\">.<span class=\"__1 _1bc\"> </span></span>o<span class=\"ff2_1\"> <span class=\"__1 _c5\"> </span><span class=\"ff4\">Precio del gas<span class=\"__1 _6\"></span> para el primer s<span class=\"__1 _6\"></span>emestre de 2024<span class=\"__1 _6\"></span><span class=\"ff6\">: 51,3 \u20ac/MW<span class=\"__1 _6\"></span>hPCS<span class=\"__1 _1bc\"> </span></span></span></span>o<span class=\"ff2_1\"> <span class=\"__1 _c5\"> </span><span class=\"ff4\">Precio del <span class=\"lsc7\">CO<span class=\"__1 _1bc\"> </span></span></span></span>2<span class=\"__1 _1bc\"> </span>: 90,72 \u20ac/ton              <span class=\"ls0_1\">Para la biomasa:<span class=\"__1 _1bc\"> </span></span>o<span class=\"ff2_1\"> <span class=\"__1 _c5\"> </span><span class=\"ff4\">Se aplicar\u00e1<span class=\"__1 _6\"></span> hasta qu<span class=\"__1 _6\"></span>e se apruebe una nuev<span class=\"__1 _6\"></span>a metodolog\u00eda de c\u00e1lculo y<span class=\"__1 _6\"></span> antes del 31 <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span><span class=\"ls1c\">e </span>diciembre<span class=\"__1 _1bc\"> </span></span></span>el 2024 lo aprobado en<span class=\"__1 _6\"></span> la Orden TED/741/202<span class=\"__1 _6\"></span>3, de 30 de ju<span class=\"__1 _6\"></span>nio.<span class=\"__1 _1bc\"> </span>o<span class=\"ff2_1\"> <span class=\"__1 _c5\"> </span><span class=\"ff4\">Para el a\u00f1o 2024 el valor del ajuste del precio del mercado ser\u00e1<span class=\"__1 _6\"></span>, al igual que <span class=\"__1 _5\"></span>ya se realiz\u00f3 par<span class=\"__1 _6\"></span>a el<span class=\"__1 _1bc\"> </span></span></span>2023,<span class=\"ls0_1\"> <span class=\"__1 _70\"></span>el <span class=\"__1 _70\"></span>valor <span class=\"__1 _5\"></span>m\u00ednimo <span class=\"__1 _70\"></span>entre <span class=\"__1 _70\"></span>el <span class=\"__1 _5\"></span>precio <span class=\"__1 _70\"></span>medio <span class=\"__1 _70\"></span>del <span class=\"__1 _70\"></span>mercad<span class=\"__1 _6\"></span>o <span class=\"__1 _70\"></span>diario <span class=\"__1 _70\"></span>e <span class=\"__1 _70\"></span>intrad<span class=\"__1 _6\"></span>iario <span class=\"__1 _70\"></span>del <span class=\"__1 _70\"></span>2024 <span class=\"__1 _70\"></span>y <span class=\"__1 _5\"></span>el <span class=\"__1 _70\"></span>definido<span class=\"__1 _1bc\"> </span></span>en el art\u00edculo 22 del RD413/<span class=\"__1 _6\"></span>2014.<span class=\"__1 _1bc\"> </span>Se detallan a continu<span class=\"__1 _6\"></span>aci\u00f3n el Valor <span class=\"__1 _6\"></span>Neto Actualizado (VNA) <span class=\"__1 _6\"></span>de cada ins<span class=\"__1 _6\"></span>talaci\u00f3n as\u00ed co<span class=\"__1 _6\"></span>mo la<span class=\"__1 _6\"></span>s retrib<span class=\"__1 _6\"></span>uciones a la<span class=\"__1 _1bc\"> </span>inversi\u00f3n <span class=\"__1 _c8\"></span>(Rinv) <span class=\"__1 _4\"></span>y <span class=\"__1 _c8\"> </span>a <span class=\"__1 _4\"></span>la <span class=\"__1 _c8\"> </span>operaci\u00f3n <span class=\"__1 _c8\"></span>(Ro) <span class=\"__1 _4\"></span>ap<span class=\"__1 _6\"></span>licables <span class=\"__1 _4\"></span>a <span class=\"__1 _c8\"></span>las <span class=\"__1 _4\"></span>ins<span class=\"__1 _6\"></span>talaciones <span class=\"__1 _c8\"></span>que <span class=\"__1 _4\"></span>gestiona <span class=\"__1 _c8\"></span>ENCE <span class=\"__1 _c8\"></span>en <span class=\"__1 _4\"></span>2023, <span class=\"__1 _4\"></span>seg\u00fan<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>los<span class=\"__1 _1bc\"> </span>\u00faltimos par\u00e1metros aprobados en <span class=\"__1 _70\"></span>la Orden<span class=\"__1 _6\"></span> T<span class=\"__1 _5\"></span>ED 741/2023 por la <span class=\"__1 _70\"></span>qu<span class=\"__1 _6\"></span>e se <span class=\"__1 _70\"></span>actualizan<span class=\"__1 _6\"></span> los <span class=\"__1 _5\"></span>par\u00e1metros retributivos<span class=\"__1 _1bc\"> </span>de las <span class=\"__1 _70\"></span>in<span class=\"__1 _6\"></span>stalaciones tipo <span class=\"__1 _70\"></span>ap<span class=\"__1 _6\"></span>licables a <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>eterminadas instalaciones de producci\u00f3n <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _5\"></span>energ\u00eda el\u00e9<span class=\"__1 _5\"></span>ctrica a <span class=\"__1 _5\"></span>partir de<span class=\"__1 _1bc\"> </span>fuentes de energ\u00eda renovables, cogeneraci\u00f3n y residuos, a efectos de <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>u aplicaci\u00f3n al semiperiodo regulatorio<span class=\"__1 _1bc\"> </span>que tiene su inicio el 1/1/2<span class=\"__1 _6\"></span>023<span class=\"ff6\">\u201d<span class=\"__1 _6\"></span></span>:<span class=\"__1 _1bc\"> </span>El estab<span class=\"__1 _6\"></span>lecimiento de un<span class=\"__1 _6\"></span> precio <span class=\"__1 _6\"></span>Pool regulatorio <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>2022 superior <span class=\"__1 _6\"></span>a los <span class=\"__1 _6\"></span>costes d<span class=\"__1 _6\"></span>e explotaci\u00f3n <span class=\"__1 _8\"></span>est\u00e1nd<span class=\"__1 _6\"></span>ar en <span class=\"__1 _6\"></span>las<span class=\"__1 _1bc\"> </span>instalaciones <span class=\"__1 _c8\"></span>del <span class=\"__1 _4\"></span>Grupo <span class=\"__1 _c8\"></span>provoca <span class=\"__1 _4\"></span>que <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c8\"></span>Retribuci\u00f3n <span class=\"__1 _4\"></span>a <span class=\"__1 _c8\"></span>la <span class=\"__1 _4\"></span>Operaci\u00f3n <span class=\"__1 _c8\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _c8\"></span>ejercicio <span class=\"__1 _4\"></span>en <span class=\"__1 _c8\"></span>que <span class=\"__1 _4\"></span>se <span class=\"__1 _c8\"></span>produce <span class=\"__1 _4\"></span>esta<span class=\"__1 _1bc\"> </span>situaci\u00f3n  sea <span class=\"__1 _c6\"> </span>nula  ya  que <span class=\"__1 _c6\"> </span>los  costes <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c6\"> </span>e<span class=\"__1 _6\"></span>xplotaci\u00f3n  se <span class=\"__1 _c6\"> </span>e<span class=\"__1 _6\"></span>ncuentran  efectivamente <span class=\"__1 _ca\"> </span>cubiertos  por <span class=\"__1 _c6\"> </span>el  pool<span class=\"__1 _1bc\"> </span>regulatorio (se prev\u00e9 qu<span class=\"__1 _6\"></span>e esta situaci\u00f3n se producir\u00e1 en 2023 y 2024 en<span class=\"__1 _6\"></span> todas las instalaciones de generaci\u00f3n<span class=\"__1 _1bc\"> </span>del Grupo a excepci\u00f3n de <span class=\"__1 _5\"></span>C\u00f3rdoba 13 MW)<span class=\"ls17\">. </span>Adicionalmente, el difere<span class=\"__1 _5\"></span>ncial en exceso entre el Pool regulatorio<span class=\"__1 _1bc\"> </span>y <span class=\"ls0_1\">los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>costes <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>explotaci\u00f3n <span class=\"__1 _8\"></span>est\u00e1nd<span class=\"__1 _6\"></span>ar <span class=\"__1 _6\"></span>genera <span class=\"__1 _6\"></span>un <span class=\"__1 _6\"></span>ajuste <span class=\"__1 _6\"></span>nega<span class=\"__1 _6\"></span>tivo <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>VNA <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>consecuent<span class=\"__1 _6\"></span>emente <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>Rinv <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span></span>la <span class=\"__1 _6\"></span>instalaci\u00f3n <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>lo <span class=\"__1 _6\"></span>largo<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e s<span class=\"__1 _6\"></span>u <span class=\"__1 _6\"></span>vida <span class=\"__1 _6\"></span>regulatoria <span class=\"__1 _6\"></span>restan<span class=\"__1 _6\"></span>te<span class=\"__1 _6\"></span>. <span class=\"__1 _6\"></span>De <span class=\"__1 _6\"></span>acuerdo <span class=\"__1 _6\"></span>con <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>no<span class=\"__1 _6\"></span>rmativa <span class=\"__1 _6\"></span>conta<span class=\"__1 _6\"></span>ble, <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>diferencia<span class=\"__1 _1bc\"> </span>del criterio aplicable al <span class=\"__1 _6\"></span>Vajdm, este d<span class=\"__1 _6\"></span>iferencial no da lugar al recono<span class=\"__1 _6\"></span>cimiento de un p<span class=\"__1 _6\"></span>asivo.<span class=\"__1 _1bc\"> </span>Las <span class=\"__1 _8\"></span>in<span class=\"__1 _6\"></span>stalaciones <span class=\"__1 _4\"></span>del <span class=\"__1 _6\"></span>Grup<span class=\"__1 _6\"></span>o <span class=\"__1 _4\"></span><span class=\"ff6\">o<span class=\"__1 _5\"></span>peran <span class=\"__1 _8\"></span>libremente <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>mercad<span class=\"__1 _6\"></span>o <span class=\"__1 _8\"></span>vend<span class=\"__1 _6\"></span>iendo <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>energ\u00eda <span class=\"__1 _8\"></span>al <span class=\"__1 _8\"></span>\u201cpool\u201d <span class=\"__1 _4\"></span>a <span class=\"__1 _8\"></span>trav\u00e9s <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la<span class=\"__1 _1bc\"> </span></span>sociedad <span class=\"__1 _8\"></span>Magnon <span class=\"__1 _6\"></span>Green <span class=\"__1 _6\"></span>E<span class=\"__1 _6\"></span>nergy, <span class=\"__1 _8\"></span>S.L., <span class=\"__1 _6\"></span>sociedad <span class=\"__1 _8\"></span>perteneciente <span class=\"__1 _6\"></span>al <span class=\"__1 _8\"></span>Grupo <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _6\"></span>act\u00faa <span class=\"__1 _8\"></span>\u00fanicamente <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>efectos <span class=\"__1 _8\"></span>de<span class=\"__1 _1bc\"> </span>representaci\u00f3n.<span class=\"__1 _6\"></span><span class=\"ff2_1 fs1_1\"> <span class=\"__1 _60\"> </span></span>2022<span class=\"__1 _f7\"> </span>2023<span class=\"__1 _1bc\"> </span>Instalaci\u00f3n<span class=\"__1 _196\"> </span><span class=\"lsc9\">IT<span class=\"__1 _1bc\"> </span></span>Vida<span class=\"__1 _1bc\"> </span>Regulatori<span class=\"__1 _5\"></span>a<span class=\"__1 _1bc\"> </span>Ro<span class=\"__1 _1bc\"> </span>(\u20ac/M<span class=\"__1 _6\"></span>Wh)<span class=\"__1 _1bc\"> </span>Ri<span class=\"__1 _5\"></span>nv<span class=\"__1 _1bc\"> </span>(M<span class=\"__1 _6\"></span>il<span class=\"__1 _70\"></span>es \u20ac)<span class=\"__1 _1bc\"> </span>Ro<span class=\"__1 _1bc\"> </span>\u20ac/MWh<span class=\"__1 _1bc\"> </span>Ri<span class=\"__1 _5\"></span>nv<span class=\"__1 _1bc\"> </span>Mil<span class=\"__1 _5\"></span>es \u20ac<span class=\"__1 _1bc\"> </span>VNA  (<span class=\"__1 _6\"></span>*)<span class=\"__1 _1bc\"> </span>Mil<span class=\"__1 _5\"></span>es \u20ac<span class=\"__1 _1bc\"> </span>Negoc<span class=\"__1 _6\"></span>io Energ<span class=\"__1 _70\"></span>\u00eda<span class=\"__1 _6\"></span>-<span class=\"__1 _1bc\"> </span>Hu<span class=\"__1 _5\"></span>elva -  50 M<span class=\"__1 _5\"></span>W<span class=\"__1 _1c\"> </span>IT-<span class=\"__1 _6\"></span>00841<span class=\"__1 _d\"> </span><span class=\"lsc8\">2037<span class=\"__1 _82\"> </span></span>-<span class=\"__1 _103\"> </span>10.440<span class=\"__1 _1ab\"> </span>-<span class=\"__1 _4d\"> </span>7.739<span class=\"__1 _110\"> </span>73.<span class=\"__1 _6\"></span>799<span class=\"__1 _1bc\"> </span>Hu<span class=\"__1 _5\"></span>elva - 41 MW<span class=\"__1 _d8\"> </span>I<span class=\"__1 _6\"></span>T-<span class=\"__1 _6\"></span>00829 / IT-<span class=\"__1 _6\"></span>00832<span class=\"__1 _25\"> </span><span class=\"lsc8\">2025<span class=\"__1 _82\"> </span></span>-<span class=\"__1 _97\"> </span>5.583<span class=\"__1 _111\"> </span>-<span class=\"__1 _af\"> </span><span class=\"lsc8\">597<span class=\"__1 _7e\"> </span></span>3.771<span class=\"__1 _1bc\"> </span>M\u00e9r<span class=\"__1 _70\"></span>ida -<span class=\"__1 _6\"></span> 20 M<span class=\"__1 _70\"></span>W<span class=\"__1 _19d\"> </span>I<span class=\"__1 _6\"></span>T-<span class=\"__1 _6\"></span>00843<span class=\"__1 _d\"> </span><span class=\"lsc8\">2039<span class=\"__1 _82\"> </span></span>-<span class=\"__1 _97\"> </span>4.744<span class=\"__1 _111\"> </span>-<span class=\"__1 _4d\"> </span>3<span class=\"__1 _5\"></span>.683<span class=\"__1 _20\"> </span>37.504<span class=\"__1 _1bc\"> </span>Ja<span class=\"__1 _6\"></span>\u00e9n - 16 M<span class=\"__1 _70\"></span>W<span class=\"__1 _147\"> </span>IT<span class=\"__1 _6\"></span>-00831 / IT-<span class=\"__1 _6\"></span>00855<span class=\"__1 _25\"> </span><span class=\"lsc8\">2027<span class=\"__1 _82\"> </span></span>-<span class=\"__1 _97\"> </span>2.<span class=\"__1 _6\"></span>555<span class=\"__1 _111\"> </span>-<span class=\"__1 _99\"> </span><span class=\"lsc8\">918<span class=\"__1 _7e\"> </span></span>4.<span class=\"__1 _6\"></span>382<span class=\"__1 _1bc\"> </span>Ciud<span class=\"__1 _70\"></span>a<span class=\"__1 _6\"></span>d Real -<span class=\"__1 _6\"></span> 16 M<span class=\"__1 _70\"></span>W<span class=\"__1 _1b\"> </span>I<span class=\"__1 _6\"></span>T-<span class=\"__1 _6\"></span>00831 / IT-<span class=\"__1 _6\"></span>0085<span class=\"__1 _5\"></span>5<span class=\"__1 _25\"> </span><span class=\"lsc8\">2027<span class=\"__1 _82\"> </span></span>-<span class=\"__1 _4d\"> </span>2.555<span class=\"__1 _111\"> </span>-<span class=\"__1 _99\"> </span><span class=\"lsc8\">918<span class=\"__1 _7e\"> </span></span>4.<span class=\"__1 _6\"></span>382<span class=\"__1 _1bc\"> </span>C\u00f3<span class=\"__1 _6\"></span>rdoba - 14 M<span class=\"__1 _5\"></span>W - Bio<span class=\"__1 _6\"></span>masa<span class=\"__1 _a\"> </span>IT<span class=\"__1 _6\"></span>-<span class=\"__1 _6\"></span>0085<span class=\"__1 _5\"></span>9<span class=\"__1 _d\"> </span><span class=\"lsc8\">2031<span class=\"__1 _82\"> </span></span>-<span class=\"__1 _97\"> </span>2.<span class=\"__1 _6\"></span>234<span class=\"__1 _111\"> </span>-<span class=\"__1 _97\"> </span>1.251<span class=\"__1 _49\"> </span>8.<span class=\"__1 _6\"></span>921<span class=\"__1 _1bc\"> </span>C\u00f3<span class=\"__1 _6\"></span>rdoba - 13 M<span class=\"__1 _5\"></span>W - Gas<span class=\"__1 _52\"> </span>I<span class=\"__1 _6\"></span>T-<span class=\"__1 _6\"></span>01430<span class=\"__1 _d\"> </span><span class=\"lsc8\">2030<span class=\"__1 _6e\"> </span></span>247 / 74<span class=\"__1 _117\"> </span>-<span class=\"__1 _ee\"> </span>286 / 8<span class=\"__1 _5\"></span>4<span class=\"__1 _117\"> </span>-<span class=\"__1 _61\"> </span>-<span class=\"__1 _1bc\"> </span>Pu<span class=\"__1 _70\"></span>erto<span class=\"__1 _6\"></span>llano bi<span class=\"__1 _5\"></span>omasa<span class=\"__1 _6\"></span>-<span class=\"__1 _6\"></span> 50 M<span class=\"__1 _70\"></span>W<span class=\"__1 _99\"> </span>I<span class=\"__1 _6\"></span>T<span class=\"__1 _6\"></span>-04005<span class=\"__1 _d\"> </span><span class=\"lsc8\">2044<span class=\"__1 _82\"> </span></span>-<span class=\"__1 _f\"> </span>-<span class=\"__1 _dd\"> </span>-<span class=\"__1 _f\"> </span>-<span class=\"__1 _61\"> </span>-<span class=\"__1 _1bc\"> </span>Hu<span class=\"__1 _5\"></span>elva 46 M<span class=\"__1 _70\"></span>W<span class=\"__1 _121\"> </span>IT<span class=\"__1 _6\"></span>-04005<span class=\"__1 _d\"> </span><span class=\"lsc8\">2044<span class=\"__1 _82\"> </span></span>-<span class=\"__1 _f\"> </span>-<span class=\"__1 _dd\"> </span>-<span class=\"__1 _f\"> </span>-<span class=\"__1 _61\"> </span>-<span class=\"__1 _1bc\"> </span>Negoc<span class=\"__1 _6\"></span>io C<span class=\"__1 _6\"></span>elul<span class=\"__1 _5\"></span>osa<span class=\"__1 _6\"></span>-<span class=\"__1 _1bc\"> </span>Na<span class=\"__1 _6\"></span>via -<span class=\"__1 _6\"></span> 37 M<span class=\"__1 _70\"></span>W<span class=\"__1 _156\"> </span>I<span class=\"__1 _6\"></span>T-<span class=\"__1 _6\"></span>00838<span class=\"__1 _d\"> </span><span class=\"lsc8\">2034<span class=\"__1 _82\"> </span></span>-<span class=\"__1 _97\"> </span>6.117<span class=\"__1 _111\"> </span>-<span class=\"__1 _97\"> </span>3.<span class=\"__1 _6\"></span>980<span class=\"__1 _20\"> </span>33.711<span class=\"__1 _1bc\"> </span>Na<span class=\"__1 _6\"></span>via -<span class=\"__1 _6\"></span> 40 M<span class=\"__1 _70\"></span>W<span class=\"__1 _156\"> </span>I<span class=\"__1 _6\"></span>T-<span class=\"__1 _6\"></span>01035<span class=\"__1 _d\"> </span><span class=\"lsc8\">2034<span class=\"__1 _82\"> </span></span>-<span class=\"__1 _f\"> </span>-<span class=\"__1 _dd\"> </span>-<span class=\"__1 _f\"> </span>-<span class=\"__1 _f\"> </span>-<span class=\"__1 _1bc\"> </span>Ponteved<span class=\"__1 _70\"></span>ra -<span class=\"__1 _6\"></span> 35 M<span class=\"__1 _70\"></span>W<span class=\"__1 _35\"> </span>IT<span class=\"__1 _6\"></span>-<span class=\"__1 _6\"></span>0083<span class=\"__1 _5\"></span>6-7 / IT<span class=\"__1 _6\"></span>-<span class=\"__1 _6\"></span>0103<span class=\"__1 _5\"></span>5<span class=\"__1 _7e\"> </span><span class=\"lsc8\">2033<span class=\"__1 _82\"> </span></span>-<span class=\"__1 _4d\"> </span>1<span class=\"__1 _5\"></span>.261<span class=\"__1 _111\"> </span>-<span class=\"__1 _af\"> </span><span class=\"lsc8\">757<span class=\"__1 _7e\"> </span></span>6.182<span class=\"__1 _1bc\"> </span>(*)<span class=\"__1 _70\"></span> Valo<span class=\"__1 _6\"></span>res al 1 d<span class=\"__1 _70\"></span>e enero de <span class=\"__1 _5\"></span>2023",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAdditionalInformationExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-620": {
   "value": "3.<span class=\"ff5 ls0_1\"> <span class=\"__1 _c1\"> </span><span class=\"ff3_1\">Pol\u00edticas contables<span class=\"__1 _1bc\"> </span></span></span><span class=\"ff5 ls0_1\"><span class=\"ff3_1\"> </span></span>Las principales pol\u00edticas <span class=\"__1 _5\"></span>contables utilizadas en <span class=\"__1 _70\"></span>la elaboraci\u00f3n de <span class=\"__1 _5\"></span>estas cuentas anuales, <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>con<span class=\"__1 _6\"></span>formidad con<span class=\"__1 _1bc\"> </span> lo establecido en las Normas Internacionales de Informaci\u00f3n Financiera e interpretaciones adop<span class=\"__1 _6\"></span>tadas por la<span class=\"__1 _1bc\"> </span> Uni\u00f3n Europ<span class=\"__1 _6\"></span>ea (NIIF-UE), se detallan a<span class=\"__1 _6\"></span> continuaci\u00f3n<span class=\"__1 _6\"></span>:<span class=\"__1 _1bc\"> </span> 3.1<span class=\"ff5\"> <span class=\"__1 _cc\"> </span></span><span class=\"fc3\">Combinacione<span class=\"__1 _5\"></span>s de negocio<span class=\"__1 _1bc\"> </span></span><span class=\"fc3\"> </span>Las combinaciones de <span class=\"__1 _70\"></span>negocio<span class=\"__1 _6\"></span>s en <span class=\"__1 _5\"></span>las que <span class=\"__1 _5\"></span>el <span class=\"__1 _5\"></span>Grupo adquiere <span class=\"__1 _5\"></span>el control <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e uno <span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span> varios <span class=\"__1 _5\"></span>negocios se <span class=\"__1 _5\"></span>registran<span class=\"__1 _1bc\"> </span> por el m\u00e9todo de adqu<span class=\"__1 _6\"></span>isici\u00f3n de acuerdo a<span class=\"__1 _6\"></span> lo dispues<span class=\"__1 _6\"></span>to en la NIIF 3 Combinaciones d<span class=\"__1 _6\"></span>e Negocio. <span class=\"__1 _8\"></span> El <span class=\"__1 _8\"></span>m\u00e9todo <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>adquisici\u00f3n <span class=\"__1 _4\"></span>implica, <span class=\"__1 _8\"></span>con <span class=\"__1 _8\"></span>car\u00e1cter <span class=\"__1 _4\"></span>general, <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>l <span class=\"__1 _4\"></span>re<span class=\"__1 _5\"></span>gistro, <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>fecha <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>ENCE <span class=\"__1 _4\"></span>obtiene <span class=\"__1 _8\"></span>el<span class=\"__1 _1bc\"> </span> control <span class=\"__1 _cb\"> </span>del <span class=\"__1 _cb\"> </span>ne<span class=\"__1 _6\"></span>gocio <span class=\"__1 _cb\"> </span>adqu<span class=\"__1 _6\"></span>irido, <span class=\"__1 _cb\"> </span>de <span class=\"__1 _cb\"> </span>los <span class=\"__1 _c9\"> </span>activos <span class=\"__1 _cb\"> </span>adquirid<span class=\"__1 _6\"></span>os, <span class=\"__1 _cb\"> </span>los <span class=\"__1 _cb\"> </span>pas<span class=\"__1 _6\"></span>ivos <span class=\"__1 _cb\"> </span>asumidos<span class=\"__1 _6\"></span>, <span class=\"__1 _cb\"> </span>los <span class=\"__1 _cb\"> </span>instru<span class=\"__1 _6\"></span>mentos <span class=\"__1 _cb\"> </span>de<span class=\"__1 _1bc\"> </span> patrimonio <span class=\"__1 _8\"></span>neto <span class=\"__1 _8\"></span>emitidos, <span class=\"__1 _6\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>cualquier <span class=\"__1 _8\"></span>contrapres<span class=\"__1 _6\"></span>taci\u00f3n <span class=\"__1 _8\"></span>contingente <span class=\"__1 _6\"></span>que <span class=\"__1 _8\"></span>dependa <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>hechos <span class=\"__1 _8\"></span>futuros <span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>el<span class=\"__1 _1bc\"> </span><span class=\"__1 _8\"></span> cumplimiento <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>ciertas <span class=\"__1 _c8\"></span>condiciones, <span class=\"__1 _4\"></span>por <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>u <span class=\"__1 _4\"></span>valor <span class=\"__1 _4\"></span>razon<span class=\"__1 _6\"></span>able <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>dicha <span class=\"__1 _c8\"></span>fecha, <span class=\"__1 _4\"></span>siempre <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>cu<span class=\"__1 _6\"></span>ando <span class=\"__1 _c8\"></span>este <span class=\"__1 _4\"></span>valor<span class=\"__1 _1bc\"> </span> pueda <span class=\"__1 _4\"></span>ser <span class=\"__1 _8\"></span>medido <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>forma <span class=\"__1 _4\"></span>fiable. <span class=\"__1 _8\"></span>Los <span class=\"__1 _4\"></span>costes <span class=\"__1 _4\"></span>relacionados <span class=\"__1 _4\"></span>con <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>adquis<span class=\"__1 _6\"></span>ici\u00f3n <span class=\"__1 _4\"></span>se <span class=\"__1 _8\"></span>reconocen <span class=\"__1 _4\"></span>como <span class=\"__1 _4\"></span>gastos<span class=\"__1 _1bc\"> </span> cuando se in<span class=\"__1 _6\"></span>curre en ellos.<span class=\"__1 _1bc\"> </span> La <span class=\"__1 _c8\"></span>diferencia <span class=\"__1 _c8\"></span>positiva<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>exis<span class=\"__1 _6\"></span>tente <span class=\"__1 _4\"></span>entre <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c8\"></span>contraprestaci\u00f3n <span class=\"__1 _c8\"> </span>tra<span class=\"__1 _6\"></span>nsferida <span class=\"__1 _c8\"></span>por <span class=\"__1 _c8\"></span>la <span class=\"__1 _c8\"></span>participaci\u00f3n <span class=\"__1 _c8\"> </span>adqu<span class=\"__1 _6\"></span>irida, <span class=\"__1 _c8\"></span>y <span class=\"__1 _c8\"></span>el<span class=\"__1 _1bc\"> </span> importe <span class=\"__1 _6\"></span>neto <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>activo<span class=\"__1 _6\"></span>s <span class=\"__1 _6\"></span>adquiridos<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>pasivos <span class=\"__1 _6\"></span>asumidos, <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>incluy<span class=\"__1 _6\"></span>e los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>pasivos <span class=\"__1 _6\"></span>con<span class=\"__1 _6\"></span>tingentes, <span class=\"__1 _6\"></span>junto <span class=\"__1 _6\"></span>con<span class=\"__1 _1bc\"> </span> el v<span class=\"__1 _6\"></span>alor <span class=\"__1 _6\"></span>razonable <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>participaci\u00f3n <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>pu<span class=\"__1 _6\"></span>diera <span class=\"__1 _6\"></span>tenerse <span class=\"__1 _6\"></span>prev<span class=\"__1 _6\"></span>iamente <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>negocio <span class=\"__1 _6\"></span>adquirido, <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>e registra<span class=\"__1 _1bc\"> </span> en <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>ep\u00edgrafe <span class=\"__1 _6\"></span>\u201cFondo <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>co<span class=\"__1 _6\"></span>mercio\u201d. <span class=\"__1 _6\"></span>Si <span class=\"__1 _8\"></span>dicha <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>iferencia <span class=\"__1 _6\"></span>fu<span class=\"__1 _6\"></span>era <span class=\"__1 _6\"></span>negativ<span class=\"__1 _6\"></span>a, <span class=\"__1 _6\"></span>se <span class=\"__1 _8\"></span>reconocer\u00eda <span class=\"__1 _6\"></span>directamente <span class=\"__1 _8\"></span>como<span class=\"__1 _1bc\"> </span> un mayor resulta<span class=\"__1 _6\"></span>do del ejercicio.<span class=\"__1 _1bc\"> </span>Si <span class=\"__1 _70\"></span>la <span class=\"__1 _5\"></span>combinaci\u00f3n de <span class=\"__1 _70\"></span>negocios s\u00f3lo <span class=\"__1 _70\"></span>se <span class=\"__1 _70\"></span>puede <span class=\"__1 _5\"></span>determinar <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>f<span class=\"__1 _6\"></span>orma <span class=\"__1 _70\"></span>pro<span class=\"__1 _6\"></span>visio<span class=\"__1 _6\"></span>nal, los <span class=\"__1 _70\"></span>activos <span class=\"__1 _5\"></span>netos <span class=\"__1 _70\"></span>identificables<span class=\"__1 _1bc\"> </span> se <span class=\"__1 _c6\"> </span>registran <span class=\"__1 _c6\"> </span>inicialmente <span class=\"__1 _c6\"> </span>po<span class=\"__1 _6\"></span>r <span class=\"__1 _c6\"> </span>sus<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>valores <span class=\"__1 _c6\"> </span>provisionales<span class=\"__1 _6\"></span>, <span class=\"__1 _c6\"> </span>reconociendo <span class=\"__1 _c6\"> </span>los <span class=\"__1 _c6\"> </span>ajustes<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>efectuados <span class=\"__1 _c6\"> </span>du<span class=\"__1 _6\"></span>rante <span class=\"__1 _c8\"> </span>el<span class=\"__1 _1bc\"> </span> periodo de <span class=\"__1 _5\"></span>valoraci\u00f3n definitiva, que como m<span class=\"__1 _5\"></span>\u00e1ximo es <span class=\"__1 _5\"></span>de 1 a\u00f1o <span class=\"__1 _5\"></span>desde la <span class=\"__1 _5\"></span>fecha de <span class=\"__1 _70\"></span>ad<span class=\"__1 _6\"></span>quisici\u00f3n<span class=\"__1 _6\"></span>, como <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>i \u00e9stos<span class=\"__1 _1bc\"> </span>se <span class=\"__1 _c8\"></span>hubieran <span class=\"__1 _c8\"></span>conocido <span class=\"__1 _c8\"></span>en <span class=\"__1 _4\"></span>la <span class=\"__1 _c8\"> </span>fecha <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>ad<span class=\"__1 _6\"></span>quisici\u00f3n, <span class=\"__1 _c8\"></span>re-expr<span class=\"__1 _6\"></span>esando, <span class=\"__1 _c8\"> </span>en <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>u <span class=\"__1 _4\"></span>cas<span class=\"__1 _6\"></span>o, <span class=\"__1 _4\"></span>las <span class=\"__1 _c8\"> </span>cifras <span class=\"__1 _c8\"></span>comparativas <span class=\"__1 _c8\"></span>del ejercicio <span class=\"__1 _c9\"> </span>anterior.<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>En <span class=\"__1 _c9\"> </span>cualqu<span class=\"__1 _6\"></span>ier <span class=\"__1 _c9\"> </span>caso, <span class=\"__1 _c9\"> </span>los <span class=\"__1 _c9\"> </span>aj<span class=\"__1 _6\"></span>ustes <span class=\"__1 _c9\"> </span>a <span class=\"__1 _c9\"> </span>los<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>valores <span class=\"__1 _c9\"> </span>p<span class=\"__1 _6\"></span>rovisionales <span class=\"__1 _c9\"> </span>\u00fa<span class=\"__1 _6\"></span>nicamente <span class=\"__1 _c9\"> </span>incorpora<span class=\"__1 _6\"></span>n informaci\u00f3n <span class=\"__1 _8\"></span>relativa <span class=\"__1 _4\"></span>a <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>hechos<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>circuns<span class=\"__1 _6\"></span>tancias <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>exi<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>t\u00edan <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>f<span class=\"__1 _5\"></span>echa <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>adquisici\u00f3n <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>que, <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>haber<span class=\"__1 _1bc\"> </span> sido <span class=\"__1 _8\"></span>conocidos, <span class=\"__1 _8\"></span>hubieran <span class=\"__1 _8\"></span>afectado <span class=\"__1 _8\"></span>a <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>impo<span class=\"__1 _6\"></span>rtes <span class=\"__1 _8\"></span>reconocidos <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>dicha<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>fecha. <span class=\"__1 _8\"></span>Transcurrido<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>icho <span class=\"__1 _8\"></span>periodo, s\u00f3lo se realizan a<span class=\"__1 _6\"></span>justes a la valoraci\u00f3n in<span class=\"__1 _6\"></span>icial como la correc<span class=\"__1 _6\"></span>ci\u00f3n de un error.<span class=\"__1 _6\"></span> Los <span class=\"__1 _6\"></span>fond<span class=\"__1 _6\"></span>os <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>comercio <span class=\"__1 _6\"></span>s\u00f3lo <span class=\"__1 _8\"></span>se <span class=\"__1 _6\"></span>reconocen <span class=\"__1 _6\"></span>cu<span class=\"__1 _6\"></span>ando <span class=\"__1 _6\"></span>h<span class=\"__1 _6\"></span>an <span class=\"__1 _6\"></span>sido <span class=\"__1 _8\"></span>adquiridos <span class=\"__1 _8\"></span>a <span class=\"__1 _6\"></span>t\u00edtulo <span class=\"__1 _6\"></span>on<span class=\"__1 _6\"></span>eroso <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>no<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>amort<span class=\"__1 _6\"></span>izan. En <span class=\"__1 _4\"></span>su <span class=\"__1 _8\"></span>lugar, <span class=\"__1 _4\"></span>son <span class=\"__1 _8\"></span>revisados <span class=\"__1 _4\"></span>anualmente <span class=\"__1 _8\"></span>m<span class=\"__1 _6\"></span>ediante <span class=\"__1 _4\"></span>estudios <span class=\"__1 _8\"></span>para <span class=\"__1 _4\"></span>verificar <span class=\"__1 _8\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _4\"></span>no <span class=\"__1 _8\"></span>exista <span class=\"__1 _4\"></span>d<span class=\"__1 _5\"></span>eterioro <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>valor asignado <span class=\"__1 _6\"></span>inicialmente, <span class=\"__1 _6\"></span>recono<span class=\"__1 _6\"></span>ci\u00e9ndose <span class=\"__1 _6\"></span>p\u00e9rdidas<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>por <span class=\"__1 _6\"></span>el d<span class=\"__1 _6\"></span>eterioro <span class=\"__1 _6\"></span>de v<span class=\"__1 _8\"></span>alor <span class=\"__1 _6\"></span>si <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>valor <span class=\"__1 _6\"></span>recuperable <span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>inferior al valor asignado inicialmente. El valor recuperable se determina en base al valor actual de <span class=\"__1 _5\"></span>los flujos futuros esperados de las<span class=\"__1 _6\"></span> unidades generadoras<span class=\"__1 _6\"></span> de efectivo a las qu<span class=\"__1 _6\"></span>e se asigna cad<span class=\"__1 _6\"></span>a uno de los<span class=\"__1 _6\"></span> fondos de comerci<span class=\"__1 _6\"></span><span class=\"ls19\">o, </span>descontados<span class=\"__1 _6\"></span> a <span class=\"__1 _70\"></span>un<span class=\"__1 _6\"></span>a tasa <span class=\"__1 _70\"></span>q<span class=\"__1 _6\"></span>ue considera <span class=\"__1 _5\"></span>los riesgos e<span class=\"__1 _5\"></span>spec\u00edficos<span class=\"__1 _6\"></span> de <span class=\"__1 _70\"></span>cad<span class=\"__1 _6\"></span>a uno <span class=\"__1 _5\"></span>de los <span class=\"__1 _70\"></span>act<span class=\"__1 _6\"></span>ivos. Una vez <span class=\"__1 _5\"></span>reconocida la <span class=\"__1 _cb\"> </span>p\u00e9rdida  p<span class=\"__1 _6\"></span>or <span class=\"__1 _cb\"> </span>deterioro  d<span class=\"__1 _6\"></span>e <span class=\"__1 _cb\"> </span>un <span class=\"__1 _cb\"> </span>fondo  de <span class=\"__1 _cb\"> </span>comercio, <span class=\"__1 _cb\"> </span>\u00e9sta <span class=\"__1 _cb\"> </span>no  revierte <span class=\"__1 _cb\"> </span>en <span class=\"__1 _cb\"> </span>los <span class=\"__1 _cb\"> </span>ejercicios <span class=\"__1 _cb\"> </span>futuros. <span class=\"__1 _cb\"> </span>Estas valoraciones <span class=\"__1 _6\"></span>son realizadas <span class=\"__1 _6\"></span>de forma in<span class=\"__1 _6\"></span>terna <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>se ofrecen <span class=\"__1 _6\"></span>detalles sob<span class=\"__1 _6\"></span>re la <span class=\"__1 _6\"></span>metodolog\u00eda de c\u00e1lculo <span class=\"__1 _6\"></span>aplicada en la Nota 3.5. Adicionalmente <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>lo <span class=\"__1 _6\"></span>indicad<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>anteriormente, <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>fondos <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>comercio <span class=\"__1 _6\"></span>asociad<span class=\"__1 _6\"></span>os <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>plantas<span class=\"__1 _6\"></span> de <span class=\"__1 _6\"></span>generaci\u00f3n<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e energ\u00eda <span class=\"__1 _6\"></span>renovable <span class=\"__1 _8\"></span>se <span class=\"__1 _6\"></span>recuperan,<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>forma <span class=\"__1 _8\"></span>lineal, <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>a\u00f1os <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>ida <span class=\"__1 _6\"></span>regu<span class=\"__1 _6\"></span>latoria <span class=\"__1 _8\"></span>restante <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>plantas <span class=\"__1 _8\"></span>de<span class=\"__1 _1bc\"> </span>las <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>son <span class=\"__1 _4\"></span>titulares. <span class=\"__1 _4\"></span>En <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>ste <span class=\"__1 _4\"></span>sentido, <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>fond<span class=\"__1 _6\"></span>o <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>come<span class=\"__1 _5\"></span>rcio <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>deteriora <span class=\"__1 _4\"></span>para <span class=\"__1 _4\"></span>recoger <span class=\"__1 _4\"></span>as\u00ed <span class=\"__1 _8\"></span>el <span class=\"__1 _4\"></span>efecto <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>la reducci\u00f3n en la vida <span class=\"__1 _6\"></span>regulatoria restante de las<span class=\"__1 _6\"></span> plantas con el pas<span class=\"__1 _6\"></span>o del tiempo.<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _c8\"></span>Grupo <span class=\"__1 _c8\"></span>eval\u00faa <span class=\"__1 _c8\"></span>en <span class=\"__1 _4\"></span>cada <span class=\"__1 _c8\"> </span>transacc<span class=\"__1 _6\"></span>i\u00f3n <span class=\"__1 _c8\"></span>si <span class=\"__1 _4\"></span>h<span class=\"__1 _6\"></span>a <span class=\"__1 _c8\"></span>adquirido <span class=\"__1 _4\"></span>un <span class=\"__1 _c8\"></span>negocio <span class=\"__1 _c8\"></span>o <span class=\"__1 _4\"></span>u<span class=\"__1 _6\"></span>n <span class=\"__1 _c8\"></span>grupo <span class=\"__1 _4\"></span>de <span class=\"__1 _c8\"> </span>activos, <span class=\"__1 _c8\"> </span>analizando <span class=\"__1 _c8\"></span>si <span class=\"__1 _c8\"></span>el conjunto d<span class=\"__1 _6\"></span>e activos adquiridos cumple con<span class=\"__1 _6\"></span> la definici\u00f3n de <span class=\"__1 _6\"></span>negocio <span class=\"__1 _6\"></span>recogida en N<span class=\"__1 _6\"></span>IIF-<span class=\"ls12\">3.</span> El <span class=\"__1 _8\"></span>Grupo <span class=\"__1 _6\"></span>recon<span class=\"__1 _6\"></span>oce <span class=\"__1 _6\"></span>las <span class=\"__1 _8\"></span>participaciones <span class=\"__1 _8\"></span>no <span class=\"__1 _8\"></span>dominantes <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>una <span class=\"__1 _8\"></span>entidad <span class=\"__1 _8\"></span>adquirida <span class=\"__1 _8\"></span>por <span class=\"__1 _6\"></span>su <span class=\"__1 _8\"></span>participaci\u00f3n <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>los activos netos<span class=\"__1 _6\"></span> identificables de la entidad<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span>3.2<span class=\"ff5\"> <span class=\"__1 _cc\"> </span></span><span class=\"fc3\">Otros activos inta<span class=\"__1 _5\"></span>ngibles </span>Los <span class=\"__1 _c8\"> </span>derechos <span class=\"__1 _c8\"> </span>in<span class=\"__1 _6\"></span>cluidos <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c8\"> </span>este <span class=\"__1 _c8\"> </span>ep\u00edgrafe <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _c8\"></span>Estado <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c8\"></span>Situaci\u00f3n <span class=\"__1 _c8\"> </span>Finan<span class=\"__1 _6\"></span>ciera, <span class=\"__1 _c8\"></span>principalmente <span class=\"__1 _c8\"> </span>ap<span class=\"__1 _6\"></span>licaciones inform\u00e1ticas, <span class=\"__1 _6\"></span>gastos<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e d<span class=\"__1 _6\"></span>esarrollo, y<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>derechos <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>generaci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>energ\u00eda el<span class=\"__1 _8\"></span>\u00e9ctrica, <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>registra<span class=\"__1 _6\"></span>n <span class=\"__1 _6\"></span>inicialmente a <span class=\"__1 _8\"></span>su <span class=\"__1 _8\"></span>coste <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>adquisici\u00f3n <span class=\"__1 _8\"></span>o <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>roducci\u00f3n<span class=\"__1 _6\"></span>. <span class=\"__1 _8\"></span>Tras <span class=\"__1 _8\"></span>su <span class=\"__1 _8\"></span>reconoci<span class=\"__1 _6\"></span>miento <span class=\"__1 _8\"></span>inicial, <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>valoran <span class=\"__1 _8\"></span>al <span class=\"__1 _4\"></span>coste <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>ad<span class=\"__1 _6\"></span>quisici\u00f3n, deducidas la a<span class=\"__1 _6\"></span>mortizaci\u00f3n acumulada y cu<span class=\"__1 _6\"></span>alquier p\u00e9rdida por deterioro d<span class=\"__1 _6\"></span>e valor (v\u00e9ase Nota<span class=\"__1 _6\"></span> 3.5). <span class=\"__1 _6\"></span> Los activos intangibles del Grupo tienen la consideraci\u00f3n de intangibles con vida \u00fatil definida y <span class=\"__1 _5\"></span>se amortizan siguiendo <span class=\"__1 _4\"></span>el <span class=\"__1 _6\"></span>m\u00e9todo <span class=\"__1 _4\"></span>lineal <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>lo <span class=\"__1 _4\"></span>largo <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>su<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>vida <span class=\"__1 _8\"></span>\u00fa<span class=\"__1 _6\"></span>til <span class=\"__1 _8\"></span>estimada, <span class=\"__1 _4\"></span>considerando <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>periodo <span class=\"__1 _4\"></span>durante <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>cual <span class=\"__1 _4\"></span>se prev\u00e9 que generar\u00e1n ingreso<span class=\"__1 _6\"></span>s. Gastos de I+D - Los gasto<span class=\"__1 _6\"></span>s de investigaci\u00f3n s<span class=\"__1 _6\"></span>e reconocen como gasto en el ejercicio en el q<span class=\"__1 _6\"></span>ue incurre en ellos<span class=\"__1 _6\"></span>. <span class=\"__1 _6\"></span> Por <span class=\"__1 _c6\"> </span>su<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>parte,  los <span class=\"__1 _c8\"> </span>gas<span class=\"__1 _6\"></span>tos <span class=\"__1 _ca\"> </span>de <span class=\"__1 _c6\"> </span>desarrollo<span class=\"__1 _6\"></span>,  que <span class=\"__1 _c8\"> </span>in<span class=\"__1 _6\"></span>cluyen <span class=\"__1 _c6\"> </span>el  desarrollo <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>nu<span class=\"__1 _6\"></span>evos <span class=\"__1 _c6\"> </span>p<span class=\"__1 _6\"></span>royectos  de <span class=\"__1 _c8\"> </span>negocio,<span class=\"__1 _8\"></span> <span class=\"__1 _c6\"> </span>se<span class=\"__1 _6\"></span> reconocen como <span class=\"__1 _6\"></span>activo <span class=\"__1 _6\"></span>cuando <span class=\"__1 _6\"></span>su coste <span class=\"__1 _6\"></span>es id<span class=\"__1 _6\"></span>entificable por pro<span class=\"__1 _6\"></span>ye<span class=\"__1 _6\"></span>cto, y <span class=\"__1 _6\"></span>es probab<span class=\"__1 _6\"></span>le que el p<span class=\"__1 _6\"></span>royecto v<span class=\"__1 _6\"></span>aya a tener <span class=\"__1 _8\"></span>\u00e9xito <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>nivel <span class=\"__1 _8\"></span>t\u00e9cnico <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>comercial. <span class=\"__1 _4\"></span>Los <span class=\"__1 _4\"></span>gastos <span class=\"__1 _8\"></span>que <span class=\"__1 _4\"></span>no <span class=\"__1 _8\"></span>re\u00fanen <span class=\"__1 _4\"></span>estos <span class=\"__1 _8\"></span>requ<span class=\"__1 _6\"></span>isitos <span class=\"__1 _8\"></span>se <span class=\"__1 _4\"></span>reconocen <span class=\"__1 _8\"></span>como <span class=\"__1 _4\"></span>un gasto en el ejercicio en q<span class=\"__1 _6\"></span>ue se incurren.<span class=\"__1 _6\"></span> Estos <span class=\"__1 _4\"></span>costes <span class=\"__1 _4\"></span>cap<span class=\"__1 _6\"></span>italizados <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>amortizan <span class=\"__1 _4\"></span>linealm<span class=\"__1 _6\"></span>ente <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>5 <span class=\"__1 _4\"></span>a\u00f1os<span class=\"__1 _6\"></span>, <span class=\"__1 _4\"></span>o <span class=\"__1 _4\"></span>bie<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>plazo <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>prevea <span class=\"__1 _4\"></span>q<span class=\"__1 _6\"></span>ue generar\u00e1n ingresos s<span class=\"__1 _6\"></span>i este plazo es s<span class=\"__1 _6\"></span>uperior, con el l\u00edmite de 10 a\u00f1os<span class=\"__1 _6\"></span>.<span class=\"__1 _6\"></span> Aplicaciones inform\u00e1tic<span class=\"__1 _6\"></span>as<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _6\"></span>Grupo <span class=\"__1 _6\"></span>registra <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>esta <span class=\"__1 _6\"></span>cuen<span class=\"__1 _6\"></span>ta <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>costes <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>adquis<span class=\"__1 _6\"></span>ici\u00f3n de <span class=\"__1 _6\"></span>programas<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>inform\u00e1ticos, <span class=\"__1 _6\"></span>as\u00ed <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>coste <span class=\"__1 _6\"></span>de<span class=\"__1 _6\"></span> licencias con <span class=\"__1 _6\"></span>vigencia <span class=\"__1 _6\"></span>plurianual. <span class=\"__1 _6\"></span>Asimismo, <span class=\"__1 _6\"></span>se reconocen <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>activos <span class=\"__1 _6\"></span>intangibles <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>costes directament<span class=\"__1 _6\"></span>e relacionados <span class=\"__1 _4\"></span>con <span class=\"__1 _c8\"></span>el <span class=\"__1 _4\"></span>desarrollo <span class=\"__1 _4\"></span>interno <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>programas <span class=\"__1 _4\"></span>in<span class=\"__1 _6\"></span>form\u00e1ticos, <span class=\"__1 _4\"></span>siempre <span class=\"__1 _c8\"></span>que <span class=\"__1 _4\"></span>su <span class=\"__1 _4\"></span>coste <span class=\"__1 _4\"></span>sea <span class=\"__1 _4\"></span>clara<span class=\"__1 _6\"></span>mente identificable <span class=\"__1 _70\"></span>por <span class=\"__1 _70\"></span>pro<span class=\"__1 _6\"></span>yecto, <span class=\"__1 _70\"></span>y <span class=\"__1 _70\"></span>sea <span class=\"__1 _70\"></span>pro<span class=\"__1 _6\"></span>bable <span class=\"__1 _70\"></span>que <span class=\"__1 _70\"></span>vayan<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>a <span class=\"__1 _70\"></span>gener<span class=\"__1 _6\"></span>ar<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>beneficios <span class=\"__1 _70\"></span>econ\u00f3m<span class=\"__1 _6\"></span>icos <span class=\"__1 _70\"></span>a <span class=\"__1 _70\"></span>fut<span class=\"__1 _6\"></span>uro <span class=\"__1 _70\"></span>para <span class=\"__1 _70\"></span>el <span class=\"__1 _5\"></span>Grupo. El resto de los costes internos y <span class=\"__1 _5\"></span>externos asociados al mantenimiento y desarrollo de software se imputan a resultados en el ejercicio en q<span class=\"__1 _6\"></span>ue se incu<span class=\"__1 _6\"></span>rren.<span class=\"__1 _1bc\"> </span> La amortizaci\u00f3n <span class=\"__1 _5\"></span>de las <span class=\"__1 _5\"></span>aplicacio<span class=\"__1 _6\"></span>nes inform\u00e1ticas <span class=\"__1 _5\"></span>se realiza aplicando el <span class=\"__1 _5\"></span>m\u00e9todo lineal <span class=\"__1 _5\"></span>duran<span class=\"__1 _6\"></span>te un <span class=\"__1 _5\"></span>per\u00edodo de 5 a\u00f1os, a co<span class=\"__1 _6\"></span>ntar desde la entrada en explotaci\u00f3n<span class=\"__1 _6\"></span> de cada programa.<span class=\"__1 _8\"></span> Derechos de ge<span class=\"__1 _6\"></span>neraci\u00f3n de energ\u00eda el\u00e9ctric<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>- Los d<span class=\"__1 _6\"></span>erechos de <span class=\"__1 _6\"></span>generaci\u00f3n qu<span class=\"__1 _6\"></span>e permiten a <span class=\"__1 _6\"></span>una <span class=\"__1 _6\"></span>instalaci\u00f3n <span class=\"__1 _6\"></span>de generaci\u00f3n <span class=\"__1 _6\"></span>de energ<span class=\"__1 _6\"></span>\u00eda operar <span class=\"__1 _6\"></span>en el <span class=\"__1 _6\"></span>r\u00e9gimen retributivo especial regulado en el <span class=\"__1 _5\"></span>Real Decreto 413/2014, de 6 de <span class=\"__1 _5\"></span>junio, por el <span class=\"__1 _5\"></span>que se regula la <span class=\"__1 _5\"></span>actividad de producci\u00f3n <span class=\"__1 _ca\"> </span>de <span class=\"__1 _c6\"> </span>energ\u00eda <span class=\"__1 _c6\"> </span>el<span class=\"__1 _6\"></span>\u00e9ctrica <span class=\"__1 _c6\"> </span>a  partir <span class=\"__1 _ca\"> </span>de <span class=\"__1 _c6\"> </span>fuentes <span class=\"__1 _ca\"> </span>de <span class=\"__1 _c6\"> </span>energ\u00eda  re<span class=\"__1 _5\"></span>novable,  coge<span class=\"__1 _5\"></span>neraci\u00f3<span class=\"__1 _6\"></span>n <span class=\"__1 _c6\"> </span>y  re<span class=\"__1 _5\"></span>siduos, <span class=\"__1 _ca\"> </span>se registran <span class=\"__1 _6\"></span>por <span class=\"__1 _8\"></span>su <span class=\"__1 _6\"></span>cos<span class=\"__1 _6\"></span>te <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>ad<span class=\"__1 _6\"></span>quis<span class=\"__1 _6\"></span>ici\u00f3n, <span class=\"__1 _6\"></span>o <span class=\"__1 _8\"></span>bien, <span class=\"__1 _6\"></span>por <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>coste <span class=\"__1 _8\"></span>incurrido <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>su <span class=\"__1 _8\"></span>obtenci\u00f3n, <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>se <span class=\"__1 _6\"></span>amortizan <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> a\u00f1os de v<span class=\"__1 _6\"></span>ida \u00fatil regulatoria de las ins<span class=\"__1 _6\"></span>talaciones de generaci<span class=\"__1 _6\"></span>\u00f3n de energ\u00eda renovab<span class=\"__1 _6\"></span>le en la<span class=\"__1 _6\"></span>s qu<span class=\"__1 _6\"></span>e se utilizan.<span class=\"__1 _1bc\"> </span>3.3<span class=\"ff5\"> <span class=\"__1 _cc\"> </span></span><span class=\"fc3\">Propiedad, plan<span class=\"__1 _5\"></span>ta y equipo </span>Estos <span class=\"__1 _8\"></span>activos <span class=\"__1 _6\"></span>se <span class=\"__1 _8\"></span>valoran <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>precio <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>adquisici\u00f3n <span class=\"__1 _8\"></span>o <span class=\"__1 _6\"></span>coste <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>producci\u00f3n, <span class=\"__1 _8\"></span>deducidas <span class=\"__1 _8\"></span>las <span class=\"__1 _6\"></span>amortizaciones <span class=\"__1 _8\"></span>y <span class=\"__1 _6\"></span>los deterioros de valor, si los<span class=\"__1 _5\"></span> hubiera (v\u00e9ase Nota 3.5). <span class=\"__1 _5\"></span>El coste <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e adquisici\u00f3n incluye, en s<span class=\"__1 _5\"></span>u <span class=\"__1 _6\"></span>caso, los siguientes conceptos: \u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4 fc0_1\">Los<span class=\"__1 _6\"></span> intereses devengados<span class=\"__1 _6\"></span> durante el period<span class=\"__1 _6\"></span>o de cons<span class=\"__1 _6\"></span>trucci\u00f3n, s<span class=\"__1 _6\"></span>iempre que este per\u00edod<span class=\"__1 _6\"></span>o sea s<span class=\"__1 _6\"></span>uperior a </span></span>1 <span class=\"__1 _c8\"></span>a\u00f1o, <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c8\"> </span>relativos <span class=\"__1 _c8\"> </span>a <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c8\"> </span>financiaci\u00f3n <span class=\"__1 _c8\"> </span>atribuible <span class=\"__1 _c8\"> </span>al <span class=\"__1 _c6\"> </span>activo <span class=\"__1 _c8\"></span>productivo. <span class=\"__1 _c8\"> </span>La <span class=\"__1 _c8\"> </span>tasa <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>in<span class=\"__1 _6\"></span>ter\u00e9s <span class=\"__1 _4\"></span>u<span class=\"__1 _6\"></span>tilizada <span class=\"__1 _c8\"> </span>es <span class=\"__1 _c8\"> </span>la correspondiente <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>finan<span class=\"__1 _6\"></span>ciaci\u00f3n <span class=\"__1 _4\"></span>espec\u00edfica <span class=\"__1 _8\"></span>o, <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>n<span class=\"__1 _6\"></span>o <span class=\"__1 _4\"></span>existir, <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>tasa <span class=\"__1 _4\"></span>media <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>financiaci\u00f3n <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>Grupo (v\u00e9ase Nota 28). \u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4 fc0_1\">Los<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>trabajos <span class=\"__1 _cb\"> </span>realizados <span class=\"__1 _cb\"> </span>por <span class=\"__1 _cb\"> </span>el <span class=\"__1 _cb\"> </span>Grupo <span class=\"__1 _cb\"> </span>para <span class=\"__1 _cb\"> </span>su <span class=\"__1 _cb\"> </span>propio <span class=\"__1 _cb\"> </span>inmovilizado <span class=\"__1 _cb\"> </span>material <span class=\"__1 _cb\"> </span>se <span class=\"__1 _cb\"> </span>regis<span class=\"__1 _6\"></span>tran <span class=\"__1 _cb\"> </span>al <span class=\"__1 _cb\"> </span>coste </span></span>acumulado <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>resulta <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>a\u00f1adir <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>costes <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>xternos <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>costes <span class=\"__1 _4\"></span>internos, <span class=\"__1 _4\"></span>principalmente <span class=\"__1 _4\"></span>costes <span class=\"__1 _4\"></span>de personal, <span class=\"__1 _cb\"> </span>materiales  de  alm<span class=\"__1 _6\"></span>ac\u00e9n  y <span class=\"__1 _cb\"> </span>otros  cos<span class=\"__1 _6\"></span>tes  operativos<span class=\"__1 _6\"></span>.  Dura<span class=\"__1 _6\"></span>nte  el <span class=\"__1 _cb\"> </span>ejerci<span class=\"__1 _5\"></span>cio  20<span class=\"__1 _6\"></span>23  el <span class=\"__1 _cb\"> </span>importe registrado <span class=\"__1 _8\"></span>por <span class=\"__1 _8\"></span>este <span class=\"__1 _8\"></span>con<span class=\"__1 _6\"></span>cepto <span class=\"__1 _8\"></span>as<span class=\"__1 _6\"></span>ciende <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>1.558 <span class=\"__1 _4\"></span><span class=\"ff6\">miles <span class=\"__1 _8\"></span>\u20ac <span class=\"__1 _8\"></span>(250 <span class=\"__1 _8\"></span>miles <span class=\"__1 _8\"></span>\u20ac <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>2022), <span class=\"__1 _6\"></span>y <span class=\"__1 _4\"></span>se <span class=\"__1 _6\"></span>registr<span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>dentro <span class=\"__1 _8\"></span>del </span>ep\u00edgrafe \u201cTrabajos<span class=\"__1 _6\"></span> realizados po<span class=\"__1 _6\"></span>r el Grupo para s<span class=\"__1 _6\"></span>u inmovilizado\u201d del Es<span class=\"__1 _6\"></span>tado de Resultado consolida<span class=\"__1 _6\"></span>do. <span class=\"__1 _6\"></span><span class=\"ff4\"> </span>\u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4 fc0_1\">En<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>cas<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>qu<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>Grupo <span class=\"__1 _8\"></span>est\u00e9 <span class=\"__1 _8\"></span>obligado <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>desmantelar <span class=\"__1 _8\"></span>sus <span class=\"__1 _8\"></span>instalacion<span class=\"__1 _6\"></span>es <span class=\"__1 _8\"></span>y <span class=\"__1 _6\"></span>rehab<span class=\"__1 _6\"></span>ilitar <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>lu<span class=\"__1 _6\"></span>gar <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>onde <span class=\"__1 _8\"></span>se </span></span>asientan, <span class=\"__1 _c6\"> </span>el <span class=\"__1 _c8\"> </span>valor <span class=\"__1 _c6\"> </span>estimado <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>ichos <span class=\"__1 _c8\"> </span>costes<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>se <span class=\"__1 _c8\"> </span>in<span class=\"__1 _6\"></span>corpora <span class=\"__1 _c8\"> </span>al <span class=\"__1 _c8\"> </span>valo<span class=\"__1 _6\"></span>r <span class=\"__1 _ca\"> </span>en <span class=\"__1 _c8\"></span>libros <span class=\"__1 _c8\"> </span>del <span class=\"__1 _c6\"> </span>activo <span class=\"__1 _c8\"> </span>p<span class=\"__1 _6\"></span>or <span class=\"__1 _c8\"> </span>su <span class=\"__1 _c8\"> </span>v<span class=\"__1 _6\"></span>alor presente, <span class=\"__1 _c6\"> </span>con<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>abono<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>al <span class=\"__1 _c6\"> </span>ep\u00edgrafe <span class=\"__1 _c6\"> </span>\u201cPro<span class=\"__1 _6\"></span>visiones\u201d  del <span class=\"__1 _c8\"> </span>Estado  de <span class=\"__1 _c8\"> </span>Situaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>Financiera <span class=\"__1 _ca\"> </span>consolidad<span class=\"__1 _6\"></span>o. <span class=\"__1 _c6\"> </span>Los cambios <span class=\"__1 _6\"></span>po<span class=\"__1 _6\"></span>steriores <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>evalu<span class=\"__1 _6\"></span>aci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>las <span class=\"__1 _6\"></span>obligaciones <span class=\"__1 _8\"></span>por <span class=\"__1 _6\"></span>desman<span class=\"__1 _6\"></span>telamiento <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>a\u00f1ade<span class=\"__1 _6\"></span>n <span class=\"__1 _6\"></span>o <span class=\"__1 _8\"></span>deducen del valor neto conta<span class=\"__1 _6\"></span>ble del activ<span class=\"__1 _6\"></span>o correspondiente en <span class=\"__1 _6\"></span>el periodo en el qu<span class=\"__1 _6\"></span>e se producen. <span class=\"__1 _6\"></span> A este respecto, \u00fanicamente se e<span class=\"__1 _5\"></span>stima que se incurrir\u00e1 en este tipo de costes en <span class=\"__1 _5\"></span>relaci\u00f3n a la biof\u00e1brica de <span class=\"__1 _cb\"> </span>Pontevedra <span class=\"__1 _cb\"> </span>asentada <span class=\"__1 _cb\"> </span>en <span class=\"__1 _cb\"> </span>terrenos <span class=\"__1 _cb\"> </span>de  d<span class=\"__1 _6\"></span>ominio <span class=\"__1 _cb\"> </span>p\u00fablico  d<span class=\"__1 _6\"></span>isponibles <span class=\"__1 _cb\"> </span>a <span class=\"__1 _cb\"> </span>trav\u00e9s <span class=\"__1 _cb\"> </span>de  una <span class=\"__1 _cb\"> </span>conce<span class=\"__1 _8\"></span>si\u00f3n administrativa<span class=\"__1 _6\"></span>,  y<span class=\"__1 _6\"></span>a  qu<span class=\"__1 _6\"></span>e  s<span class=\"__1 _6\"></span>eg\u00fan  los<span class=\"__1 _6\"></span>  t\u00e9rminos <span class=\"__1 _cb\"> </span>de  oto<span class=\"__1 _6\"></span>rgamiento <span class=\"__1 _cb\"> </span>de  la <span class=\"__1 _cb\"> </span>concesi\u00f3n <span class=\"__1 _cb\"> </span>administrativa,<span class=\"__1 _6\"></span>  a <span class=\"__1 _cb\"> </span>su vencimiento, las ins<span class=\"__1 _6\"></span>talaciones cons<span class=\"__1 _6\"></span>truidas sobre el terreno revertir\u00e1n al <span class=\"__1 _6\"></span>Estado o bien \u00e9ste requerir\u00e1 su desmantelamiento<span class=\"__1 _6\"></span>. \u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4 fc0_1\">Con a<span class=\"__1 _6\"></span>nterioridad a la fecha d<span class=\"__1 _6\"></span>e t<span class=\"__1 _6\"></span>ransici\u00f3n a la n<span class=\"__1 _6\"></span>ormativa contable internacio<span class=\"__1 _6\"></span>nal (1 de enero d<span class=\"__1 _6\"></span>e 2004), el </span></span>Grupo <span class=\"__1 _8\"></span>ENCE <span class=\"__1 _8\"></span>actualiz\u00f3 <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>valor <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>us <span class=\"__1 _6\"></span>terreno<span class=\"__1 _6\"></span>s <span class=\"__1 _8\"></span>registrados <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>ep\u00edgrafe <span class=\"__1 _6\"></span>\u201cPropiedad<span class=\"__1 _6\"></span>, <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>lanta <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>equipo\u201d del Estado de <span class=\"__1 _70\"></span>Situaci\u00f3n<span class=\"__1 _6\"></span> Financiera <span class=\"__1 _70\"></span>con<span class=\"__1 _6\"></span>solidado a su <span class=\"__1 _70\"></span>valor de me<span class=\"__1 _5\"></span>rcado en ese <span class=\"__1 _70\"></span>mo<span class=\"__1 _6\"></span>men<span class=\"__1 _6\"></span>to (v\u00e9ase Nota <span class=\"__1 _5\"></span>16),<span class=\"__1 _1bc\"> </span><div class=\"c_1 w2_1 h58 gs72\"><div class=\"t_1 m0_1 x45 h8_1 y1ef ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">habi\u00e9ndose  considerado <span class=\"__1 _c6\"> </span>el <span class=\"__1 _c6\"> </span>importe <span class=\"__1 _c6\"> </span>de <span class=\"__1 _ca\"> </span>dicha <span class=\"__1 _c6\"> </span>actu<span class=\"__1 _6\"></span>alizaci\u00f3n <span class=\"__1 _c6\"> </span>como  parte <span class=\"__1 _c6\"> </span>del <span class=\"__1 _c6\"> </span>coste <span class=\"__1 _ca\"> </span>de <span class=\"__1 _c6\"> </span>los <span class=\"__1 _c6\"> </span>activ<span class=\"__1 _6\"></span>os <span class=\"__1 _c6\"> </span>de<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x45 h8_1 y328 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">acuerdo con lo esta<span class=\"__1 _6\"></span>blecido por la NIIF <span class=\"__1 _6\"></span>1.<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y329 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Los <span class=\"__1 _c6\"> </span>cos<span class=\"__1 _6\"></span>tes <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>ampliaci\u00f3n<span class=\"__1 _6\"></span>, <span class=\"__1 _c6\"> </span>modernizaci\u00f3n  o <span class=\"__1 _c8\"> </span>mejoras <span class=\"__1 _c6\"> </span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _c6\"> </span>representan <span class=\"__1 _c6\"> </span>u<span class=\"__1 _6\"></span>n <span class=\"__1 _c6\"> </span>aumento <span class=\"__1 _ca\"> </span>de <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c6\"> </span>p<span class=\"__1 _6\"></span>roductividad,<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y32a ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">capacidad, <span class=\"__1 _6\"></span>eficiencia o <span class=\"__1 _6\"></span>un <span class=\"__1 _6\"></span>alargamiento <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>la v<span class=\"__1 _6\"></span>ida \u00fatil <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>bienes s<span class=\"__1 _6\"></span>e capitalizan <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>m<span class=\"__1 _6\"></span>ayor <span class=\"__1 _6\"></span>coste de <span class=\"__1 _6\"></span>los<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y32b ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">correspondientes activos<span class=\"__1 _6\"></span>. ENCE <span class=\"__1 _5\"></span>sigue el criterio <span class=\"__1 _5\"></span>de traspasar la obra en cur<span class=\"__1 _5\"></span>so al inmovilizado en explotaci\u00f3n<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y32c ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">una vez finalizad<span class=\"__1 _6\"></span>o el correspondiente<span class=\"__1 _6\"></span> periodo d<span class=\"__1 _6\"></span>e prueba.<span class=\"__1 _1bc\"> </span></div><div class=\"t_1 m0_1 x1d h8_1 y32d ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Por su parte, los gastos de <span class=\"__1 _5\"></span>conservaci\u00f3n y mantenimiento incurridos durante el ejercicio <span class=\"__1 _5\"></span>se cargan al Estado<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y32e ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de Resultado cons<span class=\"__1 _6\"></span>olidado.  </div><div class=\"t_1 m0_1 x1d h8_1 y32f ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Las s<span class=\"__1 _6\"></span>ustituciones <span class=\"__1 _6\"></span>de elemento<span class=\"__1 _6\"></span>s d<span class=\"__1 _6\"></span>el inmovilizado <span class=\"__1 _6\"></span>material s<span class=\"__1 _6\"></span>usceptib<span class=\"__1 _6\"></span>les de <span class=\"__1 _6\"></span>capitalizaci\u00f3n <span class=\"__1 _6\"></span>suponen <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>b<span class=\"__1 _8\"></span>aja del<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y330 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">valor  contable  de  los  elementos<span class=\"__1 _6\"></span>  sustituidos.  En  aquellos  casos  en  los  que  el  coste  de  los  elementos<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y331 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">sustituid<span class=\"__1 _6\"></span>os <span class=\"__1 _4\"></span>no <span class=\"__1 _c8\"></span>haya <span class=\"__1 _4\"></span>sido <span class=\"__1 _4\"></span>amort<span class=\"__1 _6\"></span>izado <span class=\"__1 _4\"></span>de <span class=\"__1 _c8\"></span>forma <span class=\"__1 _4\"></span>independie<span class=\"__1 _6\"></span>nte <span class=\"__1 _4\"></span>y <span class=\"__1 _c8\"></span>no <span class=\"__1 _4\"></span>fuese <span class=\"__1 _c8\"></span>practicable <span class=\"__1 _4\"></span>determin<span class=\"__1 _6\"></span>ar <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>v<span class=\"__1 _6\"></span>alor<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y332 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">contable de los mismos, s<span class=\"__1 _6\"></span>e utiliza el coste de la sustituci\u00f3n como indicativ<span class=\"__1 _6\"></span>o del coste de los elementos en el<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y333 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">momento <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>su <span class=\"__1 _4\"></span>adquisici\u00f3n <span class=\"__1 _4\"></span>o <span class=\"__1 _4\"></span>construcci\u00f3n. <span class=\"__1 _4\"></span>Po<span class=\"__1 _6\"></span>r <span class=\"__1 _4\"></span>su <span class=\"__1 _4\"></span>parte, <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>beneficio <span class=\"__1 _4\"></span>o <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>p\u00e9rdida <span class=\"__1 _4\"></span>qu<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>produce <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>la<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y334 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">enajenaci\u00f3n <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>los <span class=\"__1 _5\"></span>elementos sustituidos <span class=\"__1 _70\"></span>se <span class=\"__1 _5\"></span>determina <span class=\"__1 _70\"></span>por dife<span class=\"__1 _5\"></span>rencia <span class=\"__1 _5\"></span>entre <span class=\"__1 _70\"></span>el <span class=\"__1 _5\"></span>importe <span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>rc<span class=\"__1 _6\"></span>ibido <span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>or <span class=\"__1 _70\"></span>la <span class=\"__1 _5\"></span>venta<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y335 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">y el valor en libros<span class=\"__1 _6\"></span> del activo enajenado.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x1d h72 y336 ff9 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Amortizaciones y de<span class=\"__1 _6\"></span>terioros<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y337 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Durante <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>ejercicio <span class=\"__1 _4\"></span>2023 <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>2022 <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>Grupo <span class=\"__1 _4\"></span>amortiza <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>u <span class=\"__1 _4\"></span>inmovilizado <span class=\"__1 _4\"></span>material <span class=\"__1 _4\"></span>siguiendo <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>m\u00e9todo <span class=\"__1 _4\"></span>lineal,<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y338 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">distribuyend<span class=\"__1 _6\"></span>o <span class=\"__1 _5\"></span>el <span class=\"__1 _70\"></span>cos<span class=\"__1 _6\"></span>te <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>activos entre <span class=\"__1 _70\"></span>los a\u00f1os <span class=\"__1 _70\"></span>de vida <span class=\"__1 _5\"></span>\u00fatil <span class=\"__1 _70\"></span>estimada,<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>acu<span class=\"__1 _6\"></span>erdo <span class=\"__1 _5\"></span>con <span class=\"__1 _5\"></span>el <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>iguiente <span class=\"__1 _5\"></span>detalle:<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x64 h8_1 y339 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x59 h8_1 y33a ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"__1 _6\"></span>Grupo <span class=\"__1 _8\"></span>revisa <span class=\"__1 _6\"></span>peri\u00f3d<span class=\"__1 _6\"></span>icamente <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>alor <span class=\"__1 _6\"></span>residual,<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>ida <span class=\"__1 _6\"></span>\u00fatil <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>m\u00e9todo <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>amortizaci\u00f3n <span class=\"__1 _8\"></span>del <span class=\"__1 _6\"></span>inmovilizado<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x59 h8_1 y33b ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">material. <span class=\"__1 _4\"></span>Las <span class=\"__1 _4\"></span>modificaciones <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>criterios <span class=\"__1 _4\"></span>inicialmente <span class=\"__1 _4\"></span>establecidos<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>reconocen <span class=\"__1 _4\"></span>como <span class=\"__1 _4\"></span>un <span class=\"__1 _c8\"></span>cambio <span class=\"__1 _4\"></span>de<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x59 h8_1 y33c ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">estimaci\u00f3n.<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x59 h8_1 y1c4 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Los <span class=\"__1 _cb\"> </span>terrenos  se <span class=\"__1 _cb\"> </span>registran <span class=\"__1 _cb\"> </span>de  forma <span class=\"__1 _cb\"> </span>independiente  de <span class=\"__1 _cb\"> </span>los <span class=\"__1 _cb\"> </span>edificios  o <span class=\"__1 _cb\"> </span>instalaciones <span class=\"__1 _cb\"> </span>que  puedan<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>estar<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x59 h8_1 y33d ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">asentadas sob<span class=\"__1 _6\"></span>re los mismos y se entiende que tienen una vida <span class=\"__1 _6\"></span>\u00fatil indefinida y, por tanto, no son objeto de<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x59 h8_1 y33e ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">amortizaci\u00f3n.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x1d h8_1 y33f ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Con <span class=\"__1 _c9\"> </span>car\u00e1cter <span class=\"__1 _cd\"> </span>general, <span class=\"__1 _cd\"> </span>las <span class=\"__1 _c9\"> </span>inv<span class=\"__1 _6\"></span>ersiones <span class=\"__1 _c9\"> </span>en <span class=\"__1 _cd\"> </span>edificaciones <span class=\"__1 _cd\"> </span>construidas <span class=\"__1 _cd\"> </span>en <span class=\"__1 _c9\"> </span>terrenos <span class=\"__1 _cd\"> </span>cedidos<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>en <span class=\"__1 _cd\"> </span>r\u00e9gimen<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y340 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">concesional <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>registran <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>cuenta <span class=\"__1 _6\"></span>\u201cCons<span class=\"__1 _6\"></span>trucciones\u201d. <span class=\"__1 _6\"></span>Dicho <span class=\"__1 _6\"></span>coste, <span class=\"__1 _6\"></span>ju<span class=\"__1 _6\"></span>nto con<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>el d<span class=\"__1 _6\"></span>el resto <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>instalacion<span class=\"__1 _6\"></span>es<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y341 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">fijas <span class=\"__1 _8\"></span>ubicadas <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>los <span class=\"__1 _6\"></span>terrenos <span class=\"__1 _8\"></span>concesionados<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>amortiza<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>fu<span class=\"__1 _6\"></span>nci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>su<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>vida <span class=\"__1 _8\"></span>\u00fatil, <span class=\"__1 _8\"></span>estableci\u00e9ndose <span class=\"__1 _6\"></span>como<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x1d h8_1 y342 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">l\u00edmite el periodo restante d<span class=\"__1 _6\"></span>e vigencia de la concesi\u00f3n. <span class=\"__1 _8\"></span> </div></div><div class=\"c_1 w33 h75 gs73\"><div class=\"t_1 m7 x65 h76 y344 ff4 fs16 fc0_1 sc0_1 ls0_1 ws0_1\">Po<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>nta<span class=\"__1 _6\"></span>j<span class=\"__1 _8\"></span>e<span class=\"__1 _80\"> </span>A<span class=\"__1 _5\"></span>\u00f1os<span class=\"__1 _8\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> Vi<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>a<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w34 h77 gs74\"><div class=\"t_1 m7 x66 h76 y346 ff4 fs16 fc0_1 sc0_1 ls0_1 ws0_1\">A<span class=\"__1 _70\"></span>mor<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>za<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _d2\"> </span>\u00dat<span class=\"__1 _70\"></span>i<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span> Es<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>m<span class=\"__1 _5\"></span>a<span class=\"__1 _8\"></span>da<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w35 h78 gs75\"><div class=\"t_1 m7 x9 h76 y348 ff4 fs16 fc0_1 sc0_1 ls0_1 ws0_1\">Cons<span class=\"__1 _8\"></span>tru<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _d3\"> </span>2<span class=\"__1 _6\"></span>%-3%<span class=\"__1 _a0\"> </span>3<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>-5<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w36 h78 gs76\"><div class=\"t_1 m7 x9 h76 y348 ff4 fs16 fc0_1 sc0_1 ls0_1 ws0_1\">I<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _4\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> t\u00e9<span class=\"__1 _70\"></span>c<span class=\"__1 _8\"></span>ni<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w37 h78 gs77\"><div class=\"t_1 m7 x38 h76 y34b ff4 fs16 fc0_1 sc0_1 ls0_1 ws0_1\">Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>nta<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>ge<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>e<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3<span class=\"__1 _6\"></span>n c<span class=\"__1 _6\"></span>on<span class=\"__1 _6\"></span> bi<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>ma<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>a<span class=\"__1 _79\"> </span><span class=\"ls1a\">4%<span class=\"__1 _d4\"> </span>25<span class=\"__1 _1bc\"> </span></span></div></div><div class=\"c_1 w38 h75 gs78\"><div class=\"t_1 m7 x38 h76 y34d ff4 fs16 fc0_1 sc0_1 ls0_1 ws0_1\">Otr<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> i<span class=\"__1 _8\"></span>n<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>ta<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>ci<span class=\"__1 _4\"></span>one<span class=\"__1 _70\"></span>s<span class=\"__1 _d5\"> </span>5<span class=\"__1 _6\"></span>%-8,3%<span class=\"__1 _74\"> </span> <span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>2-2<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w39 h75 gs79\"><div class=\"t_1 m7 x9 h76 y34f ff4 fs16 fc0_1 sc0_1 ls0_1 ws0_1\">Ma<span class=\"__1 _6\"></span>qu<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>na<span class=\"__1 _8\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _27\"> </span>5%-12<span class=\"__1 _6\"></span>,5<span class=\"__1 _6\"></span>%<span class=\"__1 _95\"> </span>8<span class=\"__1 _6\"></span>-2<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w3a h75 gs7a\"><div class=\"t_1 m7 x9 h76 y34f ff4 fs16 fc0_1 sc0_1 ls0_1 ws0_1\">Ut<span class=\"__1 _70\"></span>i<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>j<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span> y mobi<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _d6\"> </span>8<span class=\"__1 _6\"></span>,3%-12<span class=\"__1 _6\"></span>,5%<span class=\"__1 _d7\"> </span>8<span class=\"__1 _6\"></span>-12<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w3b h75 gs7b\"><div class=\"t_1 m7 x9 h76 y34f ff4 fs16 fc0_1 sc0_1 ls0_1 ws0_1\">Equi<span class=\"__1 _8\"></span>pos<span class=\"__1 _8\"></span> p<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>oc<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>nfor<span class=\"__1 _6\"></span>ma<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3<span class=\"__1 _6\"></span>n<span class=\"__1 _d8\"> </span><span class=\"ls1a\">20%<span class=\"__1 _d4\"> </span></span>5<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w3c h75 gs7c\"><div class=\"t_1 m7 x9 h76 y34f ff4 fs16 fc0_1 sc0_1 ls0_1 ws0_1\">El<span class=\"__1 _6\"></span>em<span class=\"__1 _70\"></span>ent<span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> tra<span class=\"__1 _8\"></span>ns<span class=\"__1 _8\"></span>por<span class=\"__1 _6\"></span>te<span class=\"__1 _d9\"> </span><span class=\"ls1a\">10%<span class=\"__1 _da\"> </span>10<span class=\"__1 _1bc\"> </span></span></div></div><div class=\"c_1 w3d h75 gs7d\"><div class=\"t_1 m7 x9 h76 y34f ff4 fs16 fc0_1 sc0_1 ls0_1 ws0_1\">Otr<span class=\"__1 _6\"></span>o i<span class=\"__1 _8\"></span>nmovi<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>za<span class=\"__1 _8\"></span>do ma<span class=\"__1 _6\"></span>te<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>l<span class=\"__1 _db\"> </span><span class=\"ls1a\">10%<span class=\"__1 _da\"> </span>10<span class=\"__1 _1bc\"> </span></span></div></div><div class=\"c_1 w3e h79 gs7e\"><div class=\"t_1 m7 x67 h7a y355 ff3_1 fs16 fc0_1 sc0_1 ls0_1 ws0_1\">A\u00f1o 2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w2_1 h58 gs80\"><div class=\"t_1 m0_1 x1d h8_1 y1ef ff4 fs4 fc0_1 sc0_1 ls18 ws0_1\">En <span class=\"__1 _6\"></span><span class=\"ls0_1\">ENCE <span class=\"__1 _8\"></span>Renovables, <span class=\"__1 _8\"></span>la regulaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>establece <span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>na <span class=\"__1 _6\"></span>vid<span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>regulatoria <span class=\"__1 _8\"></span>para <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>activos <span class=\"__1 _6\"></span>operativos <span class=\"__1 _8\"></span>que <span class=\"__1 _6\"></span>depende<span class=\"__1 _1bc\"> </span></span><span class=\"ls0_1\"> </span></div><div class=\"t_1 m0_1 x1d h8_1 y21b ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>tecnolog\u00eda, <span class=\"__1 _8\"></span>siendo <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>actualmente <span class=\"__1 _8\"></span>establecida <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>25 <span class=\"__1 _4\"></span>a\u00f1os <span class=\"__1 _8\"></span>para <span class=\"__1 _4\"></span>las <span class=\"__1 _8\"></span>instalaciones <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>biomasa. <span class=\"__1 _4\"></span>La <span class=\"__1 _8\"></span>vida<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y21c ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">regulatoria <span class=\"__1 _5\"></span>es <span class=\"__1 _5\"></span>el <span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>eriodo <span class=\"__1 _5\"></span>duran<span class=\"__1 _6\"></span>te <span class=\"__1 _70\"></span>la cual <span class=\"__1 _70\"></span>la instalaci\u00f3n va <span class=\"__1 _70\"></span>a t<span class=\"__1 _5\"></span>ener derecho <span class=\"__1 _70\"></span>a pertenecer <span class=\"__1 _70\"></span>al r\u00e9gimen retributivo<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y240 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">establecido <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c6\"> </span>normativa <span class=\"__1 _c8\"> </span>energ\u00e9tica <span class=\"__1 _c6\"> </span>y, <span class=\"__1 _c8\"> </span>por <span class=\"__1 _c8\"> </span>tanto<span class=\"__1 _6\"></span>, <span class=\"__1 _c8\"></span>a <span class=\"__1 _c8\"></span>obtener <span class=\"__1 _c8\"></span>los <span class=\"__1 _c8\"> </span>beneficios <span class=\"__1 _c8\"> </span>econ\u00f3micos<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>que <span class=\"__1 _c8\"> </span>apliqu<span class=\"__1 _6\"></span>en<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y1ce ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(retribuciones <span class=\"__1 _6\"></span>a la <span class=\"__1 _6\"></span>inversi\u00f3n <span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>a la <span class=\"__1 _6\"></span>operaci\u00f3n <span class=\"__1 _6\"></span>mediante <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>mecanismo <span class=\"__1 _6\"></span>de retrib<span class=\"__1 _6\"></span>uci\u00f3n m\u00edni<span class=\"__1 _6\"></span>ma estab<span class=\"__1 _6\"></span>lecida en<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y2bc ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">el <span class=\"__1 _8\"></span>mismo). <span class=\"__1 _8\"></span>En <span class=\"__1 _8\"></span>este <span class=\"__1 _8\"></span>sentido,<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>activos <span class=\"__1 _8\"></span>vinculados <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>estas <span class=\"__1 _8\"></span>insta<span class=\"__1 _6\"></span>laciones <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>amortizan <span class=\"__1 _8\"></span>consid<span class=\"__1 _6\"></span>erando <span class=\"__1 _8\"></span>su <span class=\"__1 _8\"></span>vida<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y1a5 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">\u00fatil con el l\u00edmite de la vida \u00fatil regulatoria, salvo que se espere obtener flujos econ\u00f3<span class=\"__1 _6\"></span>micos positiv<span class=\"__1 _6\"></span>os m\u00e1s all\u00e1<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y356 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de su vida <span class=\"__1 _6\"></span>regulatoria.<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x59 h8_1 y244 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Las s<span class=\"__1 _6\"></span>ociedades del <span class=\"__1 _6\"></span>Grupo <span class=\"__1 _6\"></span>eval\u00faan peri\u00f3dicamente, <span class=\"__1 _6\"></span>y al <span class=\"__1 _6\"></span>menos <span class=\"__1 _6\"></span>al cierre <span class=\"__1 _6\"></span>de cada <span class=\"__1 _6\"></span>ejercicio, si <span class=\"__1 _6\"></span>existen <span class=\"__1 _6\"></span>indicios<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x59 h8_1 y245 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de <span class=\"__1 _6\"></span>deterioro <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>alg\u00fan <span class=\"__1 _6\"></span>activo <span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>conju<span class=\"__1 _6\"></span>nto <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>activos <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>inmovilizado <span class=\"__1 _6\"></span>con <span class=\"__1 _6\"></span>ob<span class=\"__1 _6\"></span>jeto <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>proceder <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>su <span class=\"__1 _6\"></span>caso, <span class=\"__1 _6\"></span>tal<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x59 h8_1 y2f6 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">como <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>ind<span class=\"__1 _6\"></span>ica <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>apartado <span class=\"__1 _8\"></span>3.5 <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>presente <span class=\"__1 _8\"></span>nota<span class=\"__1 _6\"></span>, <span class=\"__1 _8\"></span>al <span class=\"__1 _6\"></span>deterioro <span class=\"__1 _8\"></span>o <span class=\"__1 _8\"></span>reversi\u00f3n <span class=\"__1 _8\"></span>del <span class=\"__1 _6\"></span>mis<span class=\"__1 _6\"></span>mo <span class=\"__1 _6\"></span>para <span class=\"__1 _8\"></span>aju<span class=\"__1 _6\"></span>star <span class=\"__1 _6\"></span>su<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x59 h8_1 y2f7 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">valor <span class=\"__1 _c8\"></span>neto <span class=\"__1 _c8\"></span>contable <span class=\"__1 _c8\"></span>a <span class=\"__1 _c8\"></span>su <span class=\"__1 _c8\"></span>valor <span class=\"__1 _4\"></span>recuperable, <span class=\"__1 _c8\"> </span>sin <span class=\"__1 _c8\"> </span>sup<span class=\"__1 _6\"></span>erar <span class=\"__1 _4\"></span>e<span class=\"__1 _6\"></span>n <span class=\"__1 _c8\"></span>ning\u00fan <span class=\"__1 _c8\"> </span>caso <span class=\"__1 _c8\"> </span>las <span class=\"__1 _c8\"> </span>reversiones <span class=\"__1 _c8\"></span>a <span class=\"__1 _c8\"></span>los <span class=\"__1 _c8\"></span>deterioros<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x59 h8_1 y2f8 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">previos <span class=\"__1 _c6\"> </span>realizados<span class=\"__1 _6\"></span>. <span class=\"__1 _c6\"> </span>Los <span class=\"__1 _c6\"> </span>deterioros <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"> </span>v<span class=\"__1 _6\"></span>alor <span class=\"__1 _c6\"> </span>se <span class=\"__1 _c6\"> </span>reconocen,<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>con <span class=\"__1 _c6\"> </span>cargo <span class=\"__1 _c6\"> </span>al <span class=\"__1 _c6\"> </span>ep\u00edgra<span class=\"__1 _6\"></span>fe <span class=\"__1 _c8\"> </span>\u201c<span class=\"__1 _6\"></span>Deterioros <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"> </span>v<span class=\"__1 _6\"></span>alo<span class=\"__1 _8\"></span><span class=\"ff4\">r <span class=\"__1 _c8\"> </span>y<span class=\"__1 _1bc\"> </span></span><span class=\"ff4\"><span class=\"__1 _6\"></span> </span></div><div class=\"t_1 m0_1 x59 h8_1 y2f9 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">resultados p<span class=\"__1 _6\"></span>or enajenaci\u00f3n de inmovilizado\u201d<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span><span class=\"ff4\"> </span></div><div class=\"t_1 m0_1 x1d h64 y357 ff3_1 fs0_1 fc5 sc0_1 ls0_1 ws0_1\">3.4<span class=\"ff5\"> <span class=\"__1 _cc\"> </span></span><span class=\"fc3\">Activos biol\u00f3<span class=\"__1 _5\"></span>gicos<span class=\"__1 _1bc\"> </span></span><span class=\"fc3\"> </span></div><div class=\"t_1 m0_1 x1d h8_1 y358 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"__1 _8\"></span>Grupo <span class=\"__1 _8\"></span>cultiva <span class=\"__1 _4\"></span>diversas <span class=\"__1 _8\"></span>especies <span class=\"__1 _8\"></span>forestales, <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>rincipalmente <span class=\"__1 _8\"></span>eucaliptos<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>especies <span class=\"__1 _4\"></span>Globulus <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>Nitens,<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y359 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">utilizadas como <span class=\"__1 _70\"></span>materia prima <span class=\"__1 _70\"></span>en los <span class=\"__1 _70\"></span>pro<span class=\"__1 _6\"></span>cesos productivos <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>ENCE, o <span class=\"__1 _70\"></span>bien, para su <span class=\"__1 _70\"></span>venta a <span class=\"__1 _70\"></span>terceros. En <span class=\"__1 _70\"></span>este<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y35a ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">sentido, <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>consideran <span class=\"__1 _6\"></span>act<span class=\"__1 _6\"></span>ivos <span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>iol\u00f3gicos <span class=\"__1 _8\"></span>los <span class=\"__1 _6\"></span>vu<span class=\"__1 _6\"></span>elos <span class=\"__1 _6\"></span>forestales. <span class=\"__1 _8\"></span>Los <span class=\"__1 _8\"></span>suelos <span class=\"__1 _8\"></span>forestales <span class=\"__1 _8\"></span>se <span class=\"__1 _6\"></span>valoran <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>acuerdo<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y35b ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">con <span class=\"__1 _70\"></span>la NIC <span class=\"__1 _70\"></span>16 <span class=\"__1 _70\"></span>\u201cProp<span class=\"__1 _6\"></span>iedad, <span class=\"__1 _70\"></span>plan<span class=\"__1 _6\"></span>ta <span class=\"__1 _70\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>equipo\u201d y <span class=\"__1 _70\"></span>se <span class=\"__1 _70\"></span>registran e<span class=\"__1 _5\"></span>n <span class=\"__1 _5\"></span>dicho <span class=\"__1 _70\"></span>ep\u00edgraf<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>del <span class=\"__1 _5\"></span>Estado <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>Si<span class=\"__1 _6\"></span>tuaci\u00f3n <span class=\"__1 _5\"></span>Financiera<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y35c ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">consolidado<span class=\"__1 _6\"></span> (v\u00e9ase Nota 3.3).<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x1d h8_1 y35d ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"__1 _4\"></span>Grupo <span class=\"__1 _4\"></span>valora <span class=\"__1 _4\"></span>sus <span class=\"__1 _4\"></span>activos <span class=\"__1 _4\"></span>biol\u00f3gicos <span class=\"__1 _8\"></span>a <span class=\"__1 _4\"></span>su<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>coste <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>ad<span class=\"__1 _6\"></span>quisici\u00f3n <span class=\"__1 _4\"></span>o <span class=\"__1 _4\"></span>producci\u00f3n, <span class=\"__1 _4\"></span>deducidos <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>agotamiento<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y35e ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">forestal as\u00ed como, en s<span class=\"__1 _6\"></span>u caso, las p\u00e9rd<span class=\"__1 _6\"></span>idas por deterioro de valo<span class=\"__1 _6\"></span>r. <span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x1d h8_1 y35f ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">La <span class=\"__1 _8\"></span>inversi\u00f3n <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>pat<span class=\"__1 _6\"></span>rimonio <span class=\"__1 _8\"></span>forestal <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>valora <span class=\"__1 _8\"></span>imputa<span class=\"__1 _6\"></span>ndo <span class=\"__1 _8\"></span>t<span class=\"__1 _8\"></span>odos <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>cos<span class=\"__1 _6\"></span>tes <span class=\"__1 _8\"></span>directamente <span class=\"__1 _8\"></span>incurrido<span class=\"__1 _6\"></span>s <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>la<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y360 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">adquisici\u00f3n y <span class=\"__1 _5\"></span>desarrollo de <span class=\"__1 _70\"></span>\u00e9ste; alquileres, <span class=\"__1 _5\"></span>limpieza y <span class=\"__1 _70\"></span>preparaci\u00f3<span class=\"__1 _6\"></span>n de <span class=\"__1 _70\"></span>terrenos<span class=\"__1 _6\"></span>, plantaciones, <span class=\"__1 _5\"></span>fertilizaciones,<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y361 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">cuidado <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>con<span class=\"__1 _6\"></span>servaci\u00f3n, <span class=\"__1 _4\"></span>etc. <span class=\"__1 _4\"></span>Asimismo, <span class=\"__1 _4\"></span>al <span class=\"__1 _4\"></span>tratars<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>activos <span class=\"__1 _4\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _4\"></span>necesitan <span class=\"__1 _4\"></span>m\u00e1s <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>1 <span class=\"__1 _4\"></span>a\u00f1<span class=\"__1 _6\"></span>o <span class=\"__1 _4\"></span>para <span class=\"__1 _4\"></span>est<span class=\"__1 _8\"></span>ar <span class=\"__1 _4\"></span>en<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y362 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">condiciones <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>uso, <span class=\"__1 _8\"></span>se <span class=\"__1 _6\"></span>incorporan <span class=\"__1 _8\"></span>como <span class=\"__1 _6\"></span>mayor <span class=\"__1 _8\"></span>valor <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>activ<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>gastos <span class=\"__1 _8\"></span>financieros <span class=\"__1 _6\"></span>devengado<span class=\"__1 _6\"></span>s <span class=\"__1 _6\"></span>has<span class=\"__1 _6\"></span>ta <span class=\"__1 _6\"></span>el<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y363 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">momento <span class=\"__1 _cb\"> </span>de  la  corta, <span class=\"__1 _cb\"> </span>por  la <span class=\"__1 _cb\"> </span>parte  de <span class=\"__1 _cb\"> </span>la  inversi\u00f3n <span class=\"__1 _cb\"> </span>que  s<span class=\"__1 _6\"></span>e  cons<span class=\"__1 _6\"></span>idera  financiad<span class=\"__1 _6\"></span>a  co<span class=\"__1 _6\"></span>n <span class=\"__1 _cb\"> </span>recursos  ajenos<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y364 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(actualmente <span class=\"__1 _8\"></span>poco <span class=\"__1 _8\"></span>represent<span class=\"__1 _6\"></span>ativa). <span class=\"__1 _8\"></span>La <span class=\"__1 _8\"></span>tasa <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>nter\u00e9s <span class=\"__1 _8\"></span>utilizada <span class=\"__1 _8\"></span>es <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>tasa <span class=\"__1 _8\"></span>media <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>financiaci\u00f3n <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>Grupo<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y365 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(v\u00e9ase Nota 28).  </div><div class=\"t_1 m0_1 x1d h8_1 y366 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"__1 _4\"></span>tiem<span class=\"__1 _5\"></span>po <span class=\"__1 _4\"></span>que <span class=\"__1 _8\"></span>trans<span class=\"__1 _6\"></span>curre <span class=\"__1 _4\"></span>desde <span class=\"__1 _8\"></span>que <span class=\"__1 _4\"></span>se <span class=\"__1 _8\"></span>lleva <span class=\"__1 _4\"></span>a <span class=\"__1 _8\"></span>cabo <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>plantaci\u00f3n <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>un <span class=\"__1 _8\"></span>eucaliptal <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>pen\u00ednsula <span class=\"__1 _4\"></span>ib\u00e9rica<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y367 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">hasta <span class=\"__1 _70\"></span>qu<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>econ\u00f3micamente <span class=\"__1 _70\"></span>es<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>recomendable <span class=\"__1 _70\"></span>su<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>destoconado<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>y <span class=\"__1 _70\"></span>posterior <span class=\"__1 _70\"></span>repl<span class=\"__1 _6\"></span>an<span class=\"__1 _6\"></span>taci\u00f3n <span class=\"__1 _70\"></span>es <span class=\"__1 _70\"></span>v<span class=\"__1 _6\"></span>ariable <span class=\"__1 _70\"></span>en <span class=\"__1 _5\"></span>funci\u00f3n<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y368 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>especie. <span class=\"__1 _6\"></span>As\u00ed, <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>esp<span class=\"__1 _6\"></span>ecie <span class=\"__1 _6\"></span>Globulus, <span class=\"__1 _6\"></span>este <span class=\"__1 _6\"></span>per<span class=\"__1 _6\"></span>\u00edodo <span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>aproximadam<span class=\"__1 _6\"></span>ente 3<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>-4<span class=\"__1 _6\"></span>0 <span class=\"__1 _6\"></span>a\u00f1os <span class=\"__1 _6\"></span>ya <span class=\"__1 _6\"></span>qu<span class=\"__1 _6\"></span>e el <span class=\"__1 _6\"></span>\u00e1rbol<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x1d h8_1 y369 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">rebrota <span class=\"__1 _4\"></span>tras <span class=\"__1 _4\"></span>su <span class=\"__1 _4\"></span>corta <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>forma <span class=\"__1 _4\"></span>eficiente <span class=\"__1 _4\"></span>al <span class=\"__1 _4\"></span>menos <span class=\"__1 _4\"></span>2 <span class=\"__1 _4\"></span>v<span class=\"__1 _6\"></span>eces <span class=\"__1 _4\"></span>tras <span class=\"__1 _4\"></span>su <span class=\"__1 _4\"></span>aprovechamiento. <span class=\"__1 _4\"></span>En <span class=\"__1 _c8\"></span>este <span class=\"__1 _4\"></span>sentido, <span class=\"__1 _4\"></span>los<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y36a ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">costes <span class=\"__1 _4\"></span>incurridos <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>desarrollo <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>activos <span class=\"__1 _4\"></span>biol\u00f3gicos <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>agrupan <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>dos <span class=\"__1 _8\"></span>cat<span class=\"__1 _6\"></span>egor\u00edas; <span class=\"__1 _4\"></span>costes <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>cic<span class=\"__1 _5\"></span>lo,<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y36b ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">categor\u00eda  que  incluy<span class=\"__1 _6\"></span>e  los  co<span class=\"__1 _6\"></span>stes  incurrido<span class=\"__1 _6\"></span>s,  principalmente  asociado<span class=\"__1 _6\"></span>s  al  proces<span class=\"__1 _6\"></span>o  de  plantaci\u00f3n  y<span class=\"__1 _6\"></span>  que<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y36c ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">contribuir\u00e1n al <span class=\"__1 _70\"></span>desarro<span class=\"__1 _6\"></span>llo <span class=\"__1 _5\"></span>del activo <span class=\"__1 _70\"></span>biol\u00f3gico durante <span class=\"__1 _70\"></span>el ciclo completo <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _5\"></span>35-40 a\u00f1os, <span class=\"__1 _70\"></span>y costes de <span class=\"__1 _70\"></span>turno que<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y36d ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">son <span class=\"__1 _6\"></span>aquellos que <span class=\"__1 _6\"></span>contribuyen al <span class=\"__1 _6\"></span>desarrollo <span class=\"__1 _6\"></span>de los <span class=\"__1 _6\"></span>activos biol\u00f3gicos <span class=\"__1 _6\"></span>en el <span class=\"__1 _6\"></span>turno <span class=\"__1 _6\"></span>en que s<span class=\"__1 _6\"></span>e encuentran <span class=\"__1 _6\"></span>hasta<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y36e ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">el <span class=\"__1 _4\"></span>momento <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>aprovechamiento<span class=\"__1 _6\"></span>-corta. <span class=\"__1 _4\"></span>Por <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>u <span class=\"__1 _4\"></span>parte, <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>especie <span class=\"__1 _4\"></span>Nitens <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>periodos <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>turno <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>c<span class=\"__1 _6\"></span>iclo<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y36f ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">coinciden <span class=\"__1 _4\"></span>en <span class=\"__1 _c8\"></span>el <span class=\"__1 _4\"></span>ran<span class=\"__1 _6\"></span>go <span class=\"__1 _4\"></span>de <span class=\"__1 _c8\"></span>11-<span class=\"__1 _6\"></span>15 <span class=\"__1 _4\"></span>a\u00f1os<span class=\"__1 _6\"></span>, <span class=\"__1 _4\"></span>al <span class=\"__1 _c8\"></span>no <span class=\"__1 _4\"></span>prod<span class=\"__1 _6\"></span>ucirse <span class=\"__1 _4\"></span>un <span class=\"__1 _c8\"></span>rebrote <span class=\"__1 _4\"></span>eficiente, <span class=\"__1 _c8\"></span>por <span class=\"__1 _4\"></span>lo <span class=\"__1 _c8\"></span>que <span class=\"__1 _4\"></span>tod<span class=\"__1 _6\"></span>os <span class=\"__1 _4\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>costes<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y370 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">considerados en<span class=\"__1 _6\"></span> su desarrollo son con<span class=\"__1 _6\"></span>siderados costes de turn<span class=\"__1 _6\"></span>o. <span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x1d h8_1 y371 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">En e<span class=\"__1 _5\"></span>l <span class=\"__1 _5\"></span>momento <span class=\"__1 _70\"></span>de la <span class=\"__1 _70\"></span>recolec<span class=\"__1 _6\"></span>ci\u00f3n del <span class=\"__1 _70\"></span>vuelo forestal <span class=\"__1 _70\"></span>se reduce <span class=\"__1 _70\"></span>el <span class=\"__1 _5\"></span>valor <span class=\"__1 _5\"></span>del <span class=\"__1 _5\"></span>activo <span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span><span class=\"ff6\">trav\u00e9s de<span class=\"__1 _5\"></span> <span class=\"__1 _5\"></span>la <span class=\"__1 _5\"></span>cuenta <span class=\"__1 _5\"></span>\u201cActivos<span class=\"__1 _1bc\"> </span></span><span class=\"ff6\"> </span></div><div class=\"t_1 m0_1 x1d h8_1 y372 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">biol\u00f3gicos <span class=\"__1 _8\"></span><span class=\"ff6\">\u2013</span> <span class=\"__1 _8\"></span><span class=\"ff6\">agotamiento <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>reserva <span class=\"__1 _8\"></span>forestal\u201d <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>se <span class=\"__1 _6\"></span>reconoce <span class=\"__1 _8\"></span>un <span class=\"__1 _8\"></span>gasto <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>ep\u00edgrafe <span class=\"__1 _6\"></span>\u201cAgotamiento <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la<span class=\"__1 _1bc\"> </span></span><span class=\"ff6\"> </span></div><div class=\"t_1 m0_1 x1d h8_1 y373 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">reserva forestal\u201d del Estado <span class=\"__1 _5\"></span>de Resultado consolidado por e<span class=\"__1 _5\"></span>l coste incurrido en <span class=\"__1 _5\"></span>su producci\u00f3n. La cuant\u00eda de<span class=\"__1 _1bc\"> </span><span class=\"__1 _5\"></span> </div><div class=\"t_1 m0_1 x1d h8_1 y374 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">dicha <span class=\"__1 _70\"></span>redu<span class=\"__1 _6\"></span>cci\u00f3n <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>correspond<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>con <span class=\"__1 _5\"></span>el <span class=\"__1 _70\"></span>100% <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>costes<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>turno <span class=\"__1 _5\"></span>incurridos, <span class=\"__1 _5\"></span>as\u00ed <span class=\"__1 _70\"></span>como <span class=\"__1 _5\"></span>la <span class=\"__1 _70\"></span>parte <span class=\"__1 _5\"></span>proporcional<span class=\"__1 _1bc\"> </span> </div></div>de <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>costes <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>ciclo, <span class=\"__1 _8\"></span>estimada <span class=\"__1 _6\"></span>consid<span class=\"__1 _6\"></span>erando <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>n\u00famero <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>turnos <span class=\"__1 _6\"></span>previstos <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>ciclo. <span class=\"__1 _6\"></span>Asimismo, <span class=\"__1 _6\"></span>cuan<span class=\"__1 _6\"></span>do el <span class=\"__1 _4\"></span>vuelo <span class=\"__1 _c8\"></span>forestal <span class=\"__1 _4\"></span>llega <span class=\"__1 _4\"></span>al <span class=\"__1 _c8\"></span>final <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>su <span class=\"__1 _c8\"></span>ciclo <span class=\"__1 _4\"></span>product<span class=\"__1 _8\"></span>ivo <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>da <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>baja <span class=\"__1 _c8\"></span>\u00edntegramente <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>val<span class=\"__1 _6\"></span>or <span class=\"__1 _c8\"></span>del <span class=\"__1 _4\"></span>activo <span class=\"__1 _c8\"></span>y <span class=\"__1 _4\"></span>su agotamiento forestal acumula<span class=\"__1 _6\"></span>do.<span class=\"__1 _6\"></span> No existe un mercado a<span class=\"__1 _6\"></span>ctivo del Eucalipto en E<span class=\"__1 _6\"></span>spa\u00f1a, y las caracter\u00edsticas de las t<span class=\"__1 _6\"></span>ransacciones que se llevan<span class=\"__1 _6\"></span> a  cabo  no <span class=\"__1 _ca\"> </span>han  permitido  hasta  la <span class=\"__1 _ca\"> </span>fecha  identificar  refe<span class=\"__1 _5\"></span>ren<span class=\"__1 _6\"></span>cias  de  precio  de  mercado  v\u00e1lidas  para <span class=\"__1 _c6\"> </span>s<span class=\"__1 _6\"></span>u<span class=\"__1 _1bc\"> </span> extrapolaci\u00f3n <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>patrimonio <span class=\"__1 _6\"></span>f<span class=\"__1 _6\"></span>orestal <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>ENCE. <span class=\"__1 _6\"></span>Por <span class=\"__1 _6\"></span>otra<span class=\"__1 _6\"></span> p<span class=\"__1 _6\"></span>arte, la <span class=\"__1 _6\"></span>aplicaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>m\u00e9todos<span class=\"__1 _6\"></span> alt<span class=\"__1 _6\"></span>ernativos <span class=\"__1 _6\"></span>que plantea <span class=\"__1 _c6\"> </span>N<span class=\"__1 _6\"></span>IIF <span class=\"__1 _c6\"> </span>13 <span class=\"__1 _c6\"> </span>p<span class=\"__1 _6\"></span>ara <span class=\"__1 _c6\"> </span>determinar  e<span class=\"__1 _5\"></span>l <span class=\"__1 _c6\"> </span>valor  razonable, <span class=\"__1 _c8\"> </span>n<span class=\"__1 _6\"></span>o <span class=\"__1 _c6\"> </span>ha <span class=\"__1 _c6\"> </span>p<span class=\"__1 _6\"></span>ermitido <span class=\"__1 _c6\"> </span>cuantificar  con <span class=\"__1 _c6\"> </span>fiabilidad <span class=\"__1 _c6\"> </span>el <span class=\"__1 _ca\"> </span>valor ra<span class=\"ls0_1\">zonable <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>los <span class=\"__1 _c8\"></span>activos <span class=\"__1 _4\"></span>biol\u00f3gicos, <span class=\"__1 _c8\"></span>debido <span class=\"__1 _c8\"></span>entre <span class=\"__1 _4\"></span>otros <span class=\"__1 _c8\"></span>factores, <span class=\"__1 _4\"></span>a <span class=\"__1 _c8\"></span>las <span class=\"__1 _4\"></span>asun<span class=\"__1 _6\"></span>ciones <span class=\"__1 _4\"></span>y <span class=\"__1 _c8\"></span>estimaciones <span class=\"__1 _4\"></span>que <span class=\"__1 _c8\"></span>se<span class=\"__1 _1bc\"> </span></span><span class=\"ls0_1\"> </span>deben llevar a <span class=\"__1 _6\"></span>cabo y al impac<span class=\"__1 _6\"></span>to que las<span class=\"__1 _6\"></span> mismas tienen en<span class=\"__1 _6\"></span> los resu<span class=\"__1 _6\"></span>ltados de la cu<span class=\"__1 _6\"></span>antificaci\u00f3n. <span class=\"__1 _6\"></span>Por todo ello,<span class=\"__1 _6\"></span> el Grupo no valo<span class=\"__1 _6\"></span>ra sus activos biol\u00f3<span class=\"__1 _6\"></span>gicos a<span class=\"__1 _6\"></span> valor razonable. ENCE ha desarrollado un modelo de valoraci\u00f3n de su patrimonio forestal a partir del <span class=\"__1 _5\"></span>descuento de los flujos futuros <span class=\"__1 _8\"></span>previs<span class=\"__1 _6\"></span>tos, <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>no <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>ha <span class=\"__1 _8\"></span>considerado <span class=\"__1 _8\"></span>lo <span class=\"__1 _8\"></span>suficientemente <span class=\"__1 _8\"></span>fiable <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>ara <span class=\"__1 _8\"></span>ser <span class=\"__1 _8\"></span>utilizado <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>valo<span class=\"__1 _6\"></span>raci\u00f3n <span class=\"__1 _8\"></span>a valor razonable <span class=\"__1 _5\"></span>de los <span class=\"__1 _70\"></span>activo<span class=\"__1 _6\"></span>s <span class=\"__1 _70\"></span>biol\u00f3<span class=\"__1 _6\"></span>gicos, si <span class=\"__1 _70\"></span>bien, su utilizaci<span class=\"__1 _5\"></span>\u00f3n consistente <span class=\"__1 _5\"></span>en e<span class=\"__1 _5\"></span>l tiem<span class=\"__1 _5\"></span>po s\u00ed <span class=\"__1 _70\"></span>permite identificar<span class=\"__1 _1bc\"> </span>rangos <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e v<span class=\"__1 _6\"></span>alor <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>tend<span class=\"__1 _6\"></span>encias <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>se <span class=\"__1 _8\"></span>tienen <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>consideraci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>evalu<span class=\"__1 _6\"></span>ar <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>existencia <span class=\"__1 _8\"></span>de pos<span class=\"__1 _6\"></span>ibles <span class=\"__1 _6\"></span>deterioros de valor en los a<span class=\"__1 _6\"></span>ctivos biol\u00f3gicos.<span class=\"__1 _1bc\"> </span> <span class=\"__1 _6\"></span> El <span class=\"__1 _c9\"> </span>valor <span class=\"__1 _c9\"> </span>en <span class=\"__1 _c9\"> </span>libros<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>de <span class=\"__1 _c9\"> </span>los <span class=\"__1 _c9\"> </span>activos <span class=\"__1 _c9\"> </span>biol\u00f3gicos<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>recogido <span class=\"__1 _c9\"> </span>en <span class=\"__1 _c9\"> </span>las <span class=\"__1 _c9\"> </span>cuentas <span class=\"__1 _cd\"> </span>anuales <span class=\"__1 _c9\"> </span>consolidadas <span class=\"__1 _c9\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _cb\"> </span>E<span class=\"__1 _6\"></span>NCE correspondientes <span class=\"__1 _4\"></span>al <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>jercicio <span class=\"__1 _4\"></span>2023 <span class=\"__1 _8\"></span>no<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>ifiere <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>forma <span class=\"__1 _4\"></span>significativa <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>v<span class=\"__1 _6\"></span>alor <span class=\"__1 _4\"></span>razonable <span class=\"__1 _4\"></span>que <span class=\"__1 _8\"></span>resultar\u00eda <span class=\"__1 _4\"></span>del ejercicio de valoraci\u00f3n realizado a partir del descuento de flujos futuro<span class=\"__1 _6\"></span>s previstos, siguiendo la metodolog\u00eda descrita en la Nota<span class=\"__1 _6\"></span> 3.5, y co<span class=\"__1 _6\"></span>nsideran<span class=\"__1 _6\"></span>do precios de venta<span class=\"__1 _6\"></span> de <span class=\"__1 _6\"></span>la madera alin<span class=\"__1 _6\"></span>eados con los<span class=\"__1 _6\"></span> precios actuales d<span class=\"__1 _6\"></span>e venta en <span class=\"__1 _6\"></span>el cas<span class=\"__1 _6\"></span>o de <span class=\"__1 _6\"></span>madera q<span class=\"__1 _6\"></span>ue tiene <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>destino <span class=\"__1 _6\"></span>su v<span class=\"__1 _6\"></span>enta a <span class=\"__1 _6\"></span>terceros, <span class=\"__1 _6\"></span>y con <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>precios <span class=\"__1 _6\"></span>de compra <span class=\"__1 _6\"></span>de las<span class=\"__1 _4\"></span> plantas d<span class=\"__1 _6\"></span>e producci\u00f3n de celulosa en el cas<span class=\"__1 _6\"></span>o de m<span class=\"__1 _6\"></span>adera del patrimonio foresta<span class=\"__1 _6\"></span>l con ese destino.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> 3.5<span class=\"ff5\"> <span class=\"__1 _cc\"> </span></span><span class=\"fc3\">Deterioro de valo<span class=\"__1 _5\"></span>r de activo<span class=\"__1 _5\"></span>s no financieros </span>El <span class=\"__1 _6\"></span>Grupo <span class=\"__1 _6\"></span>ENCE <span class=\"__1 _6\"></span>revisa, <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>menos <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>fecha d<span class=\"__1 _6\"></span>e cierre <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>cada <span class=\"__1 _6\"></span>ejercicio, <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>valor <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>sus <span class=\"__1 _6\"></span>activos<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>no finan<span class=\"__1 _6\"></span>cieros, entre los <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>se incluyen <span class=\"__1 _6\"></span>lo<span class=\"__1 _6\"></span>s activ<span class=\"__1 _6\"></span>os materiales, <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>activos p<span class=\"__1 _6\"></span>or derecho <span class=\"__1 _6\"></span>de us<span class=\"__1 _6\"></span>o, el <span class=\"__1 _6\"></span>fondo d<span class=\"__1 _6\"></span>e comercio <span class=\"__1 _6\"></span>junto a <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>otros <span class=\"__1 _8\"></span>activos <span class=\"__1 _8\"></span>intangibles<span class=\"__1 _6\"></span>, <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>activos <span class=\"__1 _8\"></span>biol\u00f3gicos,<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span><span class=\"ff6\">y <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>\u201cInversiones <span class=\"__1 _8\"></span>contab<span class=\"__1 _6\"></span>ilizadas <span class=\"__1 _8\"></span>por <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>m\u00e9todo <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>la </span>participaci\u00f3n\u201d<span class=\"ff4\"> <span class=\"__1 _8\"></span>para <span class=\"__1 _8\"></span>determinar <span class=\"__1 _8\"></span>si <span class=\"__1 _8\"></span>existe <span class=\"__1 _6\"></span>alg\u00fan<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>in<span class=\"__1 _6\"></span>dicio <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>qu<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>dicho<span class=\"__1 _6\"></span>s <span class=\"__1 _8\"></span>activos <span class=\"__1 _8\"></span>hayan <span class=\"__1 _6\"></span>su<span class=\"__1 _6\"></span>frido <span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>na <span class=\"__1 _8\"></span>p\u00e9rdida <span class=\"__1 _8\"></span>por </span>deterioro, y <span class=\"__1 _5\"></span>por tanto <span class=\"__1 _70\"></span>el valor <span class=\"__1 _5\"></span>que se <span class=\"__1 _70\"></span>esp<span class=\"__1 _6\"></span>era re<span class=\"__1 _5\"></span>cuperar de <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>u uso <span class=\"__1 _5\"></span>o <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>isposici\u00f3n es <span class=\"__1 _5\"></span>inferior <span class=\"__1 _70\"></span>a su valor <span class=\"__1 _5\"></span>en libros.<span class=\"__1 _70\"></span> <span class=\"__1 _8\"></span> ENCE <span class=\"__1 _cb\"> </span>utiliza <span class=\"__1 _cb\"> </span>tanto <span class=\"__1 _cb\"> </span>fuentes <span class=\"__1 _cb\"> </span>de <span class=\"__1 _cb\"> </span>informaci\u00f3n <span class=\"__1 _cb\"> </span>internas<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>como <span class=\"__1 _cb\"> </span>externas <span class=\"__1 _cb\"> </span>para <span class=\"__1 _cb\"> </span>evaluar <span class=\"__1 _cb\"> </span>posibles <span class=\"__1 _cb\"> </span>indicios <span class=\"__1 _cb\"> </span>de deterioro. <span class=\"__1 _ca\"> </span>Entre  las <span class=\"__1 _c6\"> </span>fuentes <span class=\"__1 _ca\"> </span>externas  se <span class=\"__1 _c6\"> </span>consideran  disminuciones <span class=\"__1 _c6\"> </span>del  valor <span class=\"__1 _c6\"> </span>de  me<span class=\"__1 _5\"></span>rcado  considerando transacciones comparables, <span class=\"__1 _70\"></span>la <span class=\"__1 _70\"></span>evoluci\u00f3n de <span class=\"__1 _70\"></span>los <span class=\"__1 _70\"></span>precios <span class=\"__1 _70\"></span>a f<span class=\"__1 _5\"></span>uturo <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>la <span class=\"__1 _70\"></span>celulosa y <span class=\"__1 _70\"></span>la <span class=\"__1 _70\"></span>energ\u00eda <span class=\"__1 _70\"></span>ren<span class=\"__1 _6\"></span>ovable, <span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>sibles cambios <span class=\"__1 _6\"></span>futu<span class=\"__1 _6\"></span>ros <span class=\"__1 _6\"></span>ad<span class=\"__1 _6\"></span>versos <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>entorno <span class=\"__1 _8\"></span>legal, <span class=\"__1 _6\"></span>econ<span class=\"__1 _6\"></span>\u00f3mico <span class=\"__1 _6\"></span>o <span class=\"__1 _8\"></span>tecnol\u00f3gico <span class=\"__1 _6\"></span>qu<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>pu<span class=\"__1 _6\"></span>dieran <span class=\"__1 _6\"></span>poner <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>manifiesto<span class=\"__1 _6\"></span> una <span class=\"__1 _c8\"></span>p\u00e9rdida <span class=\"__1 _c8\"> </span>del <span class=\"__1 _c8\"></span>valor <span class=\"__1 _4\"></span>recuperab<span class=\"__1 _6\"></span>le <span class=\"__1 _4\"></span>de <span class=\"__1 _c8\"> </span>sus<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>act<span class=\"__1 _6\"></span>ivos<span class=\"__1 _6\"></span>, <span class=\"__1 _c8\"></span>mermas <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>obrevenidas <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c8\"></span>la <span class=\"__1 _4\"></span>prod<span class=\"__1 _6\"></span>ucci\u00f3n <span class=\"__1 _4\"></span>esp<span class=\"__1 _6\"></span>erada <span class=\"__1 _c8\"></span>que persistan en el tiem<span class=\"__1 _5\"></span>po, o la ev<span class=\"__1 _5\"></span>oluci\u00f3n de variables macroecon\u00f3micas somo la inflaci\u00f3n y l<span class=\"__1 _5\"></span>os tipos de i<span class=\"__1 _5\"></span>nter\u00e9s<span class=\"__1 _6\"></span><span class=\"ls15\">. </span>Por su parte, internamente s<span class=\"__1 _6\"></span>e eval\u00faa si se ha produ<span class=\"__1 _6\"></span>cido un deterioro f\u00edsico u obso<span class=\"__1 _6\"></span>lescencia de los activos, o si el rendimiento del activo es<span class=\"__1 _6\"></span> peor de lo es<span class=\"__1 _6\"></span>perado.<span class=\"__1 _6\"></span> En <span class=\"__1 _c6\"> </span>caso <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>existir <span class=\"__1 _c6\"> </span>in<span class=\"__1 _6\"></span>dicios <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c6\"> </span>deterioro, <span class=\"__1 _c6\"> </span>se <span class=\"__1 _c6\"> </span>ll<span class=\"__1 _6\"></span>eva <span class=\"__1 _c6\"> </span>a <span class=\"__1 _c6\"> </span>cabo  una <span class=\"__1 _c8\"> </span>estimaci\u00f3n <span class=\"__1 _ca\"> </span>del <span class=\"__1 _c6\"> </span>importe <span class=\"__1 _c6\"> </span>recuperab<span class=\"__1 _6\"></span>le, <span class=\"__1 _c8\"> </span>p<span class=\"__1 _6\"></span>ara determinar, en <span class=\"__1 _70\"></span>su caso, <span class=\"__1 _70\"></span>el importe <span class=\"__1 _70\"></span>del deterioro. <span class=\"__1 _5\"></span>El <span class=\"__1 _5\"></span>importe recuperable <span class=\"__1 _70\"></span>es<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>el<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>mayor <span class=\"__1 _5\"></span>entre el <span class=\"__1 _70\"></span>valor razonable<span class=\"__1 _1bc\"> </span> minorado p<span class=\"__1 _6\"></span>or el cos<span class=\"__1 _6\"></span>te de su <span class=\"__1 _6\"></span>venta y <span class=\"__1 _6\"></span>el valor <span class=\"__1 _6\"></span>\u201cen uso\u201d. E<span class=\"__1 _6\"></span>n el caso <span class=\"__1 _6\"></span>de los<span class=\"__1 _8\"></span><span class=\"ff4\"> fondos <span class=\"__1 _6\"></span>de comercio E<span class=\"__1 _6\"></span>NCE realiza <span class=\"__1 _6\"></span>de </span>forma sistem\u00e1tica el an<span class=\"__1 _6\"></span>\u00e1lisis de recuperabilidad al m<span class=\"__1 _6\"></span>enos anualmente.<span class=\"__1 _8\"></span> Los <span class=\"__1 _6\"></span>valores <span class=\"__1 _6\"></span>\u201cen <span class=\"__1 _6\"></span>uso\u201d <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>determinan <span class=\"__1 _6\"></span>para <span class=\"__1 _6\"></span>cad<span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>Unidad <span class=\"__1 _6\"></span>Generadora <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>Efectivo <span class=\"__1 _6\"></span>(UGE). <span class=\"__1 _6\"></span>El <span class=\"__1 _6\"></span>fond<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>comercio adquirido en una <span class=\"__1 _6\"></span>combinaci\u00f3n de negocios se dis<span class=\"__1 _6\"></span>tribuye entre cada u<span class=\"__1 _6\"></span>na de las UGE que se benefician de las sinergias <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>co<span class=\"__1 _6\"></span>mbinaci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>negocios.<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>Con <span class=\"__1 _8\"></span>car\u00e1cter <span class=\"__1 _8\"></span>general, <span class=\"__1 _8\"></span>cada <span class=\"__1 _8\"></span>una <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>instalaciones <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>que <span class=\"__1 _6\"></span>el<span class=\"__1 _6\"></span> Grupo desarrolla s<span class=\"__1 _6\"></span>u actividad es una UGE.<span class=\"__1 _1bc\"> </span><div class=\"c_1 w2_1 h58 gs82\"><div class=\"t_1 m0_1 x1d h8_1 y1ef ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Para determinar el valor en u<span class=\"__1 _6\"></span>so de los a<span class=\"__1 _6\"></span>ctivos s<span class=\"__1 _6\"></span>ometidos a test de deterioro, s<span class=\"__1 _6\"></span>e estima el valor act<span class=\"__1 _6\"></span>ual de los<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y21b ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">flujos <span class=\"__1 _6\"></span>netos<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>caj<span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>originado<span class=\"__1 _6\"></span>s <span class=\"__1 _8\"></span>por <span class=\"__1 _6\"></span>cada <span class=\"__1 _8\"></span>UGE <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>as<span class=\"__1 _6\"></span>ocian <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>mismos, <span class=\"__1 _8\"></span>exceptuando <span class=\"__1 _8\"></span>aquellos <span class=\"__1 _6\"></span>flujo<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y21c ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">relacionados <span class=\"__1 _c8\"> </span>con<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>pagos <span class=\"__1 _c8\"> </span>o <span class=\"__1 _c6\"> </span>cobros <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>operaciones <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c8\"></span>financiaci\u00f3n <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c6\"> </span>los <span class=\"__1 _c8\"> </span>pagos <span class=\"__1 _c8\"> </span>por <span class=\"__1 _c6\"> </span>el <span class=\"__1 _c8\"></span>impue<span class=\"__1 _8\"></span>sto <span class=\"__1 _c8\"> </span>sobre <span class=\"__1 _c8\"> </span>los<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y240 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">beneficios, as\u00ed como aqu<span class=\"__1 _6\"></span>\u00e9llos que se deriven d<span class=\"__1 _6\"></span>e mejoras o reformas futuras<span class=\"__1 _6\"></span> previstas p<span class=\"__1 _6\"></span>ara los activos de las<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y1ce ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">citadas un<span class=\"__1 _6\"></span>idades generadoras de efectiv<span class=\"__1 _6\"></span>o.  </div><div class=\"t_1 m0_1 x1d h8_1 y241 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Los <span class=\"__1 _6\"></span>flujos <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>caja <span class=\"__1 _6\"></span>estimad<span class=\"__1 _6\"></span>os <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>obtienen <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>proyecciones <span class=\"__1 _6\"></span>realizad<span class=\"__1 _6\"></span>as <span class=\"__1 _6\"></span>por <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>Direcci\u00f3n <span class=\"__1 _6\"></span>d<span class=\"__1 _8\"></span>e <span class=\"__1 _6\"></span>cada <span class=\"__1 _6\"></span>un<span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>las<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y242 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">UGE, que en ge<span class=\"__1 _5\"></span>neral utilizan periodos de 3-5 a\u00f1os, excepto cuando las caracter\u00edsticas del negocio <span class=\"__1 _5\"></span>aconsejan<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y243 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">periodos <span class=\"__1 _8\"></span>superiores. <span class=\"__1 _6\"></span>Las <span class=\"__1 _6\"></span>tas<span class=\"__1 _6\"></span>as d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>crecimiento <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>variaciones <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>precios <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>costes <span class=\"__1 _6\"></span>directos <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>e b<span class=\"__1 _6\"></span>asan <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>los<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y244 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">compromisos contractuales <span class=\"__1 _5\"></span>firmes, <span class=\"__1 _70\"></span>la informaci\u00f3n <span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>\u00fablica disponible, <span class=\"__1 _70\"></span>as<span class=\"__1 _6\"></span>\u00ed <span class=\"__1 _70\"></span>como en <span class=\"__1 _70\"></span>las previ<span class=\"__1 _5\"></span>siones sectoriales<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y245 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">y <span class=\"__1 _70\"></span>la <span class=\"__1 _5\"></span>experiencia <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>ENCE. <span class=\"__1 _70\"></span>Ad<span class=\"__1 _6\"></span>icionalmente, <span class=\"__1 _5\"></span>se <span class=\"__1 _70\"></span>realizan <span class=\"__1 _5\"></span>an\u00e1lisis de <span class=\"__1 _70\"></span>sensibilidad <span class=\"__1 _5\"></span>en <span class=\"__1 _70\"></span>relaci\u00f3n <span class=\"__1 _5\"></span>con <span class=\"__1 _70\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>crecimientos<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y2f6 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de <span class=\"__1 _4\"></span>in<span class=\"__1 _6\"></span>gresos, <span class=\"__1 _c8\"></span>m\u00e1rgenes <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"></span>explotaci\u00f3n <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c8\"> </span>tasas <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"></span>descuent<span class=\"__1 _6\"></span>o,<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>con<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>el <span class=\"__1 _4\"></span>fin <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"></span>prever <span class=\"__1 _c8\"></span>el <span class=\"__1 _4\"></span>i<span class=\"__1 _6\"></span>mpacto <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"></span>futuros<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y2f7 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">cambios en estas<span class=\"__1 _6\"></span> variables (v\u00e9ase Nota 1<span class=\"__1 _6\"></span>9).<span class=\"__1 _1bc\"> </span>  </div><div class=\"t_1 m0_1 x1d h8_1 y375 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">En <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>caso <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>plantas <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>generaci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>energ\u00eda <span class=\"__1 _6\"></span>renovab<span class=\"__1 _6\"></span>le encuad<span class=\"__1 _6\"></span>radas <span class=\"__1 _6\"></span>en <span class=\"__1 _4\"></span>ENCE Renovables,<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>en las<span class=\"__1 _6\"></span> qu<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y376 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">se <span class=\"__1 _70\"></span>puede <span class=\"__1 _70\"></span>prever <span class=\"__1 _70\"></span>con<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>cierto <span class=\"__1 _70\"></span>gra<span class=\"__1 _6\"></span>do <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>fiabilidad <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>us <span class=\"__1 _70\"></span>flujos <span class=\"__1 _70\"></span>ta<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>to <span class=\"__1 _70\"></span>en <span class=\"__1 _70\"></span>la <span class=\"__1 _70\"></span>fase<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>construcci\u00f3n <span class=\"__1 _70\"></span>co<span class=\"__1 _6\"></span>mo <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>explot<span class=\"__1 _6\"></span>aci\u00f3n<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y2fa ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(activos <span class=\"__1 _cb\"> </span>con  producci\u00f3n <span class=\"__1 _cb\"> </span>est<span class=\"__1 _5\"></span>able,  amp<span class=\"__1 _6\"></span>lias  s<span class=\"__1 _6\"></span>eries  hist\u00f3<span class=\"__1 _6\"></span>ricas  en <span class=\"__1 _cb\"> </span>la  informaci\u00f3n  de <span class=\"__1 _cb\"> </span>m<span class=\"__1 _5\"></span>ercado <span class=\"__1 _cb\"> </span>y  costes <span class=\"__1 _cb\"> </span>de<span class=\"__1 _1bc\"> </span><span class=\"__1 _70\"></span> </div><div class=\"t_1 m0_1 x1d h8_1 y2fb ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">explotaci\u00f3n con<span class=\"__1 _6\"></span> poca <span class=\"__1 _6\"></span>volatilidad<span class=\"__1 _6\"></span>), se <span class=\"__1 _6\"></span>realiza u<span class=\"__1 _6\"></span>na pro<span class=\"__1 _6\"></span>yecci\u00f3n <span class=\"__1 _6\"></span>de los <span class=\"__1 _6\"></span>flujos <span class=\"__1 _6\"></span>de caja <span class=\"__1 _6\"></span>esperado<span class=\"__1 _6\"></span>s <span class=\"__1 _6\"></span>hasta <span class=\"__1 _6\"></span>el fina<span class=\"__1 _8\"></span>l <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y2fc ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">la vida <span class=\"__1 _5\"></span>\u00fatil regulatoria <span class=\"__1 _5\"></span>de cada planta, <span class=\"__1 _5\"></span>y el <span class=\"__1 _70\"></span>valo<span class=\"__1 _6\"></span>r re<span class=\"__1 _5\"></span>sidual no es <span class=\"__1 _5\"></span>significativo. Por su <span class=\"__1 _5\"></span>parte, las <span class=\"__1 _5\"></span>proyecciones de<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y2fd ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">flujos de caja esperados en ac<span class=\"__1 _70\"></span>tiv<span class=\"__1 _6\"></span>os biol\u00f3gicos abarcan un ciclo <span class=\"__1 _5\"></span>productivo<span class=\"__1 _6\"></span> que <span class=\"__1 _5\"></span>puede alcanzar hasta 40 <span class=\"__1 _5\"></span>a\u00f1os<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y387 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">e igualmente no s<span class=\"__1 _6\"></span>e considera v<span class=\"__1 _6\"></span>alor residual.<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y37a ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Para <span class=\"__1 _6\"></span>actualizar<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>flujos <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>efectivo <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>utiliza <span class=\"__1 _8\"></span>una <span class=\"__1 _6\"></span>tas<span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>descuento <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>incluy<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>las <span class=\"__1 _8\"></span>evaluaciones <span class=\"__1 _6\"></span>actu<span class=\"__1 _6\"></span>ales<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y37b ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">del mercado sob<span class=\"__1 _6\"></span>re el valor temporal del dinero y<span class=\"__1 _6\"></span> los riesgos es<span class=\"__1 _6\"></span>pec\u00edficos de cada UGE. <span class=\"__1 _8\"></span> </div><div class=\"t_1 m0_1 x1d h8_1 y301 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Si se <span class=\"__1 _6\"></span>estima que <span class=\"__1 _6\"></span>el importe <span class=\"__1 _6\"></span>recuperable d<span class=\"__1 _6\"></span>e u<span class=\"__1 _6\"></span>n activo <span class=\"__1 _6\"></span>es inferior a <span class=\"__1 _6\"></span>su valor <span class=\"__1 _6\"></span>en libros, <span class=\"__1 _6\"></span>\u00e9ste \u00faltimo se <span class=\"__1 _6\"></span>reduce a<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y388 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">su <span class=\"__1 _c9\"> </span>importe <span class=\"__1 _cb\"> </span>recuperable <span class=\"__1 _c9\"> </span>reconociendo <span class=\"__1 _c9\"> </span>la <span class=\"__1 _cb\"> </span>minora<span class=\"__1 _6\"></span>ci\u00f3n <span class=\"__1 _cb\"> </span>de<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>v<span class=\"__1 _6\"></span>alor <span class=\"__1 _cb\"> </span>corresp<span class=\"__1 _6\"></span>ondiente <span class=\"__1 _cb\"> </span>a <span class=\"__1 _c9\"> </span>trav<span class=\"__1 _6\"></span>\u00e9s <span class=\"__1 _cb\"> </span>del <span class=\"__1 _c9\"> </span>ep\u00edgrafe<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y281 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">\u201cDeterioros <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>valor <span class=\"__1 _8\"></span>y <span class=\"__1 _4\"></span>re<span class=\"__1 _5\"></span>sultados<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>por <span class=\"__1 _4\"></span>enajenaci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>in<span class=\"__1 _6\"></span>movilizado\u201d <span class=\"__1 _4\"></span>del <span class=\"__1 _6\"></span>E<span class=\"__1 _6\"></span>stado <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>Resultad<span class=\"__1 _8\"></span><span class=\"ff4 ls19\">o <span class=\"__1 _8\"></span><span class=\"ls0_1\">consolida<span class=\"__1 _6\"></span>do<span class=\"ls15\">.<span class=\"__1 _1bc\"> </span></span></span></span><span class=\"ff4 ls19\"><span class=\"ls0_1\"><span class=\"ls15\"> </span></span></span></div><div class=\"t_1 m0_1 x1d h8_1 y389 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Las p\u00e9rdidas<span class=\"__1 _6\"></span> por deterioro son revers<span class=\"__1 _6\"></span>ibles, excepto las corresp<span class=\"__1 _6\"></span>ondientes a los<span class=\"__1 _6\"></span> fondos de comercio.<span class=\"__1 _1bc\"> </span><span class=\"__1 _8\"></span> </div><div class=\"t_1 m0_1 x1d h8_1 y283 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Cuando <span class=\"__1 _4\"></span>una <span class=\"__1 _4\"></span>p\u00e9rdida <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>valo<span class=\"__1 _6\"></span>r <span class=\"__1 _8\"></span>revierte <span class=\"__1 _4\"></span>posteriormente, <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>importe <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>libros <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>UGE <span class=\"__1 _4\"></span>se<span class=\"__1 _5\"></span> <span class=\"__1 _4\"></span>incrementa <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>l<span class=\"__1 _5\"></span>a<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y38a ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">estimaci\u00f3n revisada de su importe recuperable, pero de tal modo que <span class=\"__1 _5\"></span>el importe en libros incrementado no<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y38b ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">supere <span class=\"__1 _c8\"> </span>el <span class=\"__1 _c8\"> </span>importe <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c8\"> </span>libros<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _c8\"> </span>se <span class=\"__1 _c6\"> </span>habr\u00eda <span class=\"__1 _c8\"> </span>determinado<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"> </span>no <span class=\"__1 _c8\"> </span>haberse <span class=\"__1 _c8\"> </span>reconocido<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>ninguna <span class=\"__1 _c8\"> </span>p<span class=\"__1 _6\"></span>\u00e9rdida <span class=\"__1 _c8\"></span>por<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y38c ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">deterioro de valor par<span class=\"__1 _6\"></span>a la UGE en ejercicios a<span class=\"__1 _6\"></span>nteriores.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x1d h64 y38d ff3_1 fs0_1 fc5 sc0_1 ls0_1 ws0_1\">3.6<span class=\"ff5\"> <span class=\"__1 _cc\"> </span></span><span class=\"fc3\">Arrendamientos<span class=\"__1 _1bc\"> </span></span><span class=\"fc3\"> </span></div><div class=\"t_1 m0_1 x1d h8_1 y38e ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ENCE <span class=\"__1 _8\"></span>act\u00faa <span class=\"__1 _8\"></span>como <span class=\"__1 _6\"></span>ar<span class=\"__1 _6\"></span>rendatario <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>concesion<span class=\"__1 _6\"></span>ario <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>determinados<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>act<span class=\"__1 _6\"></span>ivos, <span class=\"__1 _6\"></span>principalmente<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>uelo <span class=\"__1 _8\"></span>industrial <span class=\"__1 _6\"></span>y<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y38f ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">forestal, <span class=\"__1 _8\"></span>equip<span class=\"__1 _6\"></span>amiento <span class=\"__1 _8\"></span>indu<span class=\"__1 _6\"></span>strial <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>veh\u00edculos. <span class=\"__1 _8\"></span>Un <span class=\"__1 _4\"></span>contrato <span class=\"__1 _8\"></span>contiene <span class=\"__1 _8\"></span>un <span class=\"__1 _4\"></span>arrendamiento, <span class=\"__1 _8\"></span>cuan<span class=\"__1 _6\"></span>do <span class=\"__1 _8\"></span>se <span class=\"__1 _4\"></span>tiene <span class=\"__1 _8\"></span>el<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y390 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">derecho a dirigir el uso d<span class=\"__1 _6\"></span>e un activo p<span class=\"__1 _6\"></span>or un periodo de tiempo<span class=\"__1 _6\"></span> a cambio de una <span class=\"__1 _6\"></span>contraprestaci\u00f3n.<span class=\"__1 _1bc\"> </span><span class=\"__1 _8\"></span> </div><div class=\"t_1 m0_1 x1d h8_1 y391 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Los <span class=\"__1 _8\"></span>ar<span class=\"__1 _6\"></span>rendamientos <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>recon<span class=\"__1 _6\"></span>ocen <span class=\"__1 _8\"></span>al <span class=\"__1 _4\"></span>inicio <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>arr<span class=\"__1 _6\"></span>endamiento, <span class=\"__1 _4\"></span>como <span class=\"__1 _8\"></span>un <span class=\"__1 _8\"></span>act<span class=\"__1 _6\"></span>ivo <span class=\"__1 _8\"></span>po<span class=\"__1 _6\"></span>r <span class=\"__1 _8\"></span>el <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>erecho <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>us<span class=\"__1 _6\"></span>o <span class=\"__1 _8\"></span>y <span class=\"__1 _4\"></span>el<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y392 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">correspondiente pas<span class=\"__1 _6\"></span>ivo por el valor presente d<span class=\"__1 _6\"></span>e las cuotas<span class=\"__1 _6\"></span> de arrendamiento pendientes<span class=\"__1 _6\"></span> de pago. <span class=\"__1 _8\"></span> </div><div class=\"t_1 m0_1 x1d h8_1 y393 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">En <span class=\"__1 _cd\"> </span>la <span class=\"__1 _cd\"> </span>determinaci\u00f3n <span class=\"__1 _cd\"> </span>del <span class=\"__1 _c9\"> </span>plaz<span class=\"__1 _6\"></span>o <span class=\"__1 _cd\"> </span>de <span class=\"__1 _c9\"> </span>arrend<span class=\"__1 _6\"></span>amiento, <span class=\"__1 _cd\"> </span>se <span class=\"__1 _cd\"> </span>considera <span class=\"__1 _cd\"> </span>la <span class=\"__1 _cd\"> </span>duraci\u00f3n <span class=\"__1 _cd\"> </span>inicial <span class=\"__1 _c9\"> </span>del <span class=\"__1 _cd\"> </span>contrato<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>de<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y394 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">arrendamiento, as\u00ed como <span class=\"__1 _5\"></span>las pr\u00f3rrogas que se <span class=\"__1 _70\"></span>esp<span class=\"__1 _6\"></span>era razonablemente <span class=\"__1 _5\"></span>que se <span class=\"__1 _70\"></span>v<span class=\"__1 _6\"></span>an a <span class=\"__1 _5\"></span>producir y <span class=\"__1 _5\"></span>cuyo ejercicio<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y395 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">es discrecional para <span class=\"__1 _6\"></span>ENCE.<span class=\"__1 _1bc\"> </span>  </div><div class=\"t_1 m0_1 x1d h8_1 y396 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">En <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c6\"> </span>determinaci\u00f3n <span class=\"__1 _c6\"> </span>del <span class=\"__1 _c6\"> </span>pas<span class=\"__1 _6\"></span>ivo <span class=\"__1 _c6\"> </span>por <span class=\"__1 _c6\"> </span>el <span class=\"__1 _c6\"> </span>derecho <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>uso <span class=\"__1 _c6\"> </span>se <span class=\"__1 _c6\"> </span>considera <span class=\"__1 _c6\"> </span>el <span class=\"__1 _c6\"> </span>valor <span class=\"__1 _c6\"> </span>presente <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>las <span class=\"__1 _c6\"> </span>cuotas <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y397 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">arrendamiento <span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>endientes <span class=\"__1 _70\"></span>de pago, <span class=\"__1 _70\"></span>menos <span class=\"__1 _5\"></span>cualquier <span class=\"__1 _70\"></span>incenti<span class=\"__1 _6\"></span>vo <span class=\"__1 _5\"></span>recibido <span class=\"__1 _70\"></span>por e<span class=\"__1 _5\"></span>l <span class=\"__1 _70\"></span>arrendami<span class=\"__1 _6\"></span>ento, m<span class=\"__1 _5\"></span>\u00e1s <span class=\"__1 _70\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>pagos<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y398 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">variables que dependen <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _5\"></span>un \u00edndice o <span class=\"__1 _70\"></span>ta<span class=\"__1 _6\"></span>sa, los importes que se <span class=\"__1 _5\"></span>espera pagar <span class=\"__1 _5\"></span>por garant\u00eda de <span class=\"__1 _70\"></span>v<span class=\"__1 _6\"></span>alor residual,<span class=\"__1 _1bc\"> </span> </div></div><div class=\"c_1 w2_1 h58 gs84\"><div class=\"t_1 m0_1 x1d h8_1 y1ef ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">el  precio  de  la <span class=\"__1 _ca\"> </span>opci\u00f3n  de  compra  si  se  prev\u00e9  que  se <span class=\"__1 _ca\"> </span>ejercitar\u00e1  y  los  pagos <span class=\"__1 _ca\"> </span>por  indemnizaciones  por<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y21b ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">cancelaci\u00f3n  de <span class=\"__1 _cb\"> </span>contrato,  siempre  que<span class=\"__1 _6\"></span>  el  plazo  d<span class=\"__1 _6\"></span>e  arr<span class=\"__1 _6\"></span>endamiento  refleje <span class=\"__1 _cb\"> </span>el  ejercicio  de  la <span class=\"__1 _cb\"> </span>opci\u00f3n  d<span class=\"__1 _8\"></span><span class=\"ls1c\">e<span class=\"__1 _1bc\"> </span></span><span class=\"ls1c\"> </span></div><div class=\"t_1 m0_1 x1d h8_1 y21c ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">cancelaci\u00f3n. Las <span class=\"__1 _70\"></span>cuotas<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>son ac<span class=\"__1 _70\"></span>tu<span class=\"__1 _6\"></span>alizadas considerando <span class=\"__1 _5\"></span>la <span class=\"__1 _70\"></span>ta<span class=\"__1 _6\"></span>sa <span class=\"__1 _70\"></span>in<span class=\"__1 _6\"></span>cremental <span class=\"__1 _5\"></span>de <span class=\"__1 _5\"></span>endeudamien<span class=\"__1 _6\"></span>to <span class=\"__1 _5\"></span>estimada, que<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y240 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">es la que tendr\u00eda que pagar <span class=\"__1 _70\"></span>un arrendatario al inicio del arrendamiento por un pr\u00e9stamo <span class=\"__1 _5\"></span>similar en cuanto a<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y1ce ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">importe, plazo y gara<span class=\"__1 _6\"></span>nt\u00edas.  </div><div class=\"t_1 m0_1 x1d h8_1 y241 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Tras <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>reco<span class=\"__1 _6\"></span>nocimiento <span class=\"__1 _4\"></span>inicial, <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>Grupo <span class=\"__1 _4\"></span>valora <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>pasivo<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>por <span class=\"__1 _8\"></span>arrendamiento <span class=\"__1 _4\"></span>increment\u00e1ndolo <span class=\"__1 _8\"></span>por <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>gasto<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y242 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">financiero <span class=\"__1 _c8\"> </span>devengado, <span class=\"__1 _c6\"> </span>disminuy\u00e9ndolo <span class=\"__1 _c6\"> </span>por <span class=\"__1 _c8\"></span>los <span class=\"__1 _c8\"></span>pagos <span class=\"__1 _c8\"> </span>realizados <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c8\"> </span>reestimando<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>el <span class=\"__1 _c8\"></span>valor <span class=\"__1 _c8\"></span>contable <span class=\"__1 _c8\"> </span>por <span class=\"__1 _c8\"> </span>las<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y243 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">modificaciones del arrend<span class=\"__1 _6\"></span>amiento o par<span class=\"__1 _6\"></span>a reflejar las actualiz<span class=\"__1 _6\"></span>acion<span class=\"__1 _6\"></span>es de los pagos<span class=\"__1 _6\"></span> fijos en sustan<span class=\"__1 _6\"></span>cia.<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y221 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Por su<span class=\"__1 _6\"></span> parte, <span class=\"__1 _6\"></span>el activo<span class=\"__1 _6\"></span> por <span class=\"__1 _6\"></span>el derecho de <span class=\"__1 _6\"></span>uso <span class=\"__1 _6\"></span>se valo<span class=\"__1 _6\"></span>ra inicialmente <span class=\"__1 _6\"></span>al valor <span class=\"__1 _6\"></span>resultante <span class=\"__1 _6\"></span>de a<span class=\"__1 _6\"></span>\u00f1adir <span class=\"__1 _6\"></span>al v<span class=\"__1 _6\"></span>alor del<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y222 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">pasivo <span class=\"__1 _6\"></span>por arrendamiento, <span class=\"__1 _6\"></span>los p<span class=\"__1 _6\"></span>agos d<span class=\"__1 _6\"></span>e incentivos <span class=\"__1 _6\"></span>liquidados <span class=\"__1 _6\"></span>antes <span class=\"__1 _6\"></span>del inicio <span class=\"__1 _6\"></span>del arrendamiento, los<span class=\"__1 _6\"></span> co<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>tes<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y223 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">directos <span class=\"__1 _cb\"> </span>incurridos<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>en <span class=\"__1 _cb\"> </span>el <span class=\"__1 _cb\"> </span>arrendamiento, <span class=\"__1 _c9\"> </span>y <span class=\"__1 _cb\"> </span>en <span class=\"__1 _cb\"> </span>su <span class=\"__1 _cb\"> </span>cas<span class=\"__1 _6\"></span>o, <span class=\"__1 _cb\"> </span>la <span class=\"__1 _cb\"> </span>estimaci\u00f3n <span class=\"__1 _cb\"> </span>de <span class=\"__1 _cb\"> </span>los<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>costes <span class=\"__1 _cb\"> </span>a <span class=\"__1 _c9\"> </span>incurrir <span class=\"__1 _cb\"> </span>en <span class=\"__1 _cb\"> </span>el<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y224 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">desmantelamiento del activo (coste inicial), menos cualquie<span class=\"__1 _6\"></span>r incentivo recibido. Posteriormente, se registra<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y375 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">al valor inicial, menos la amortizaci\u00f3n a<span class=\"__1 _6\"></span>cumulada y cualquier p<span class=\"__1 _6\"></span>\u00e9rdida por deterioro de valor de acuerdo con<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y376 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">NIC-<span class=\"ls12\">16</span>- Propiedad, p<span class=\"__1 _6\"></span>lanta y equipo (v<span class=\"__1 _6\"></span>\u00e9anse Notas 3.2 y 3.5). <span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x1d h8_1 y399 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">En la determinaci\u00f3n del gasto por amortizaci\u00f3n, los activos por <span class=\"__1 _5\"></span>derechos de uso se amortizar\u00e1n linealmente<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y377 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">en <span class=\"__1 _8\"></span>su <span class=\"__1 _8\"></span>vida <span class=\"__1 _8\"></span>\u00fatil <span class=\"__1 _8\"></span>estim<span class=\"__1 _6\"></span>ada, <span class=\"__1 _8\"></span>o <span class=\"__1 _8\"></span>bien, <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>plazo <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>arrend<span class=\"__1 _6\"></span>amiento, <span class=\"__1 _8\"></span>si <span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span>te <span class=\"__1 _8\"></span>\u00faltimo <span class=\"__1 _8\"></span>es <span class=\"__1 _8\"></span>menor. <span class=\"__1 _8\"></span>Si <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>transfiere <span class=\"__1 _8\"></span>la<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y378 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">propiedad <span class=\"__1 _8\"></span>al <span class=\"__1 _6\"></span>arrendatario <span class=\"__1 _6\"></span>o <span class=\"__1 _8\"></span>es <span class=\"__1 _6\"></span>pr\u00e1cticamente <span class=\"__1 _6\"></span>cierto <span class=\"__1 _6\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>arrendat<span class=\"__1 _6\"></span>ario <span class=\"__1 _6\"></span>ejercitar\u00e1 <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>opci\u00f3n <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>compra, <span class=\"__1 _6\"></span>se<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y379 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">amortizar\u00e1 duran<span class=\"__1 _6\"></span>te la vida \u00fatil del activo.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x1d h8_1 y39a ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Los <span class=\"__1 _6\"></span>pagos <span class=\"__1 _6\"></span>asociados <span class=\"__1 _6\"></span>con <span class=\"__1 _6\"></span>arrendamientos <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>cort<span class=\"__1 _6\"></span>o plazo <span class=\"__1 _6\"></span>(inferiores <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>12 <span class=\"__1 _6\"></span>meses) <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>arrendamientos <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>activos<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y39b ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de <span class=\"__1 _8\"></span>escaso <span class=\"__1 _8\"></span>valor <span class=\"__1 _4\"></span>(activo <span class=\"__1 _8\"></span>con <span class=\"__1 _8\"></span>un <span class=\"__1 _8\"></span>valor <span class=\"__1 _8\"></span>inferior <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>5.000 <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>uros) <span class=\"__1 _4\"></span>se <span class=\"__1 _8\"></span>reconocen <span class=\"__1 _8\"></span>directamente <span class=\"__1 _4\"></span>como <span class=\"__1 _6\"></span>un<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>gasto <span class=\"__1 _8\"></span>en<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y300 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">resultados de acuerdo a su de<span class=\"__1 _70\"></span>v<span class=\"__1 _6\"></span>engo. Asimismo, las rentas c<span class=\"__1 _5\"></span>onting<span class=\"__1 _6\"></span>entes sujetas a la ocurrencia de <span class=\"__1 _5\"></span>un evento<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y301 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">espec\u00edfico y <span class=\"__1 _70\"></span>las cuotas variables que <span class=\"__1 _5\"></span>dependen de <span class=\"__1 _5\"></span>los ingresos o <span class=\"__1 _5\"></span>del uso <span class=\"__1 _5\"></span>del activo <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>ubyacente, <span class=\"__1 _5\"></span>residuales en<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y388 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">los contratos suscritos por ENCE, se registran en el momento en el que se incurren, en e<span class=\"__1 _5\"></span>l ep\u00edgrafe \u201cSer<span class=\"__1 _6\"></span><span class=\"ff4\">v<span class=\"__1 _6\"></span>icios<span class=\"__1 _1bc\"> </span></span><span class=\"ff4\"> </span></div><div class=\"t_1 m0_1 x1d h8_1 y281 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">exteriores-<span class=\"ff6\">Arrendamientos<span class=\"__1 _6\"></span>\u201d <span class=\"__1 _8\"></span>del <span class=\"__1 _4\"></span>Estado <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>Resultado <span class=\"__1 _8\"></span>consolida<span class=\"__1 _6\"></span>do <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>lugar <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>formar <span class=\"__1 _8\"></span>parte <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>pasivo<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>del<span class=\"__1 _1bc\"> </span></span><span class=\"ff6\"> </span></div><div class=\"t_1 m0_1 x1d h8_1 y389 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">arrendamiento.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x1d h8_1 y283 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"__1 _8\"></span>pasivo <span class=\"__1 _4\"></span>por <span class=\"__1 _6\"></span>arrendamiento<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>revaluar\u00e1 <span class=\"__1 _8\"></span>siempre<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>existan<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>modificaciones <span class=\"__1 _8\"></span>pos<span class=\"__1 _6\"></span>teriores <span class=\"__1 _8\"></span>al <span class=\"__1 _8\"></span>con<span class=\"__1 _6\"></span>trato <span class=\"__1 _8\"></span>que<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y38a ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">alteren  el <span class=\"__1 _c6\"> </span>p<span class=\"__1 _6\"></span>lazo  del <span class=\"__1 _c6\"> </span>arr<span class=\"__1 _6\"></span>end<span class=\"__1 _6\"></span>amiento  o <span class=\"__1 _c6\"> </span>b<span class=\"__1 _6\"></span>ien  el <span class=\"__1 _c6\"> </span>al<span class=\"__1 _6\"></span>cance  del  contrato  (cambios  en <span class=\"__1 _ca\"> </span>los  pagos  futuros  por<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y38b ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">actualizaci\u00f3n <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>los <span class=\"__1 _c6\"> </span>\u00edndices <span class=\"__1 _c6\"> </span>indicado<span class=\"__1 _6\"></span>s <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c8\"> </span>el <span class=\"__1 _c6\"> </span>con<span class=\"__1 _6\"></span>trato, <span class=\"__1 _c6\"> </span>modificaciones <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>cuotas <span class=\"__1 _c6\"> </span>futu<span class=\"__1 _6\"></span>ras, <span class=\"__1 _c6\"> </span>cambios <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c6\"> </span>las<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y38c ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">expectativas <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>ejercicio <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>la <span class=\"__1 _70\"></span>opci\u00f3n <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>compra, <span class=\"__1 _5\"></span>etc). <span class=\"__1 _70\"></span>En <span class=\"__1 _5\"></span>esta <span class=\"__1 _70\"></span>situaci\u00f3n<span class=\"__1 _6\"></span>, <span class=\"__1 _70\"></span>el <span class=\"__1 _70\"></span>G<span class=\"__1 _6\"></span>rupo <span class=\"__1 _70\"></span>registrar\u00e1 las<span class=\"__1 _5\"></span> <span class=\"__1 _70\"></span>restimaciones<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y39c ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">del p<span class=\"__1 _6\"></span>asivo <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>un <span class=\"__1 _6\"></span>aj<span class=\"__1 _6\"></span>uste al <span class=\"__1 _6\"></span>activo <span class=\"__1 _6\"></span>por <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>erecho d<span class=\"__1 _6\"></span>e us<span class=\"__1 _6\"></span>o, <span class=\"__1 _6\"></span>hasta <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>\u00e9ste <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>reduce <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>cero, <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>posteriormente<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y39d ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">en resultados.<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y339 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ENCE <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>ubarrienda <span class=\"__1 _c8\"></span>maquinaria <span class=\"__1 _4\"></span>forestal <span class=\"__1 _c8\"></span>previamente <span class=\"__1 _4\"></span>arr<span class=\"__1 _6\"></span>endada. <span class=\"__1 _c8\"></span>En <span class=\"__1 _4\"></span>estas <span class=\"__1 _4\"></span>situ<span class=\"__1 _6\"></span>aciones, <span class=\"__1 _4\"></span>se <span class=\"__1 _c8\"></span>analiza <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>i <span class=\"__1 _4\"></span>se <span class=\"__1 _c8\"></span>ha<span class=\"__1 _6\"></span><span class=\"ls1d\">n<span class=\"__1 _1bc\"> </span></span><span class=\"ls1d\"> </span></div><div class=\"t_1 m0_1 x1d h8_1 y39e ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">transferido <span class=\"__1 _4\"></span>al <span class=\"__1 _4\"></span>subarrendatario <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>riesgos <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>beneficios <span class=\"__1 _4\"></span>asociados <span class=\"__1 _4\"></span>al <span class=\"__1 _4\"></span>activo <span class=\"__1 _4\"></span>objeto <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>subarriendo. <span class=\"__1 _4\"></span>En <span class=\"__1 _4\"></span>esa<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y39f ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">situaci\u00f3n,  se  da <span class=\"__1 _c6\"> </span>de  baja  en <span class=\"__1 _c6\"> </span>cuentas<span class=\"__1 _6\"></span>  el <span class=\"__1 _c6\"> </span>activo  por  derecho <span class=\"__1 _ca\"> </span>de  uso <span class=\"__1 _c6\"> </span>y  se  reconoce <span class=\"__1 _c6\"> </span>u<span class=\"__1 _6\"></span>n <span class=\"__1 _ca\"> </span>activo  financiero<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y3a0 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">correspondiente a la in<span class=\"__1 _6\"></span>versi\u00f3n neta en<span class=\"__1 _6\"></span> el subar<span class=\"__1 _6\"></span>rendamiento.<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y3a1 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ENCE clasifica los activos por <span class=\"__1 _70\"></span>derecho de uso atendiendo a la <span class=\"__1 _5\"></span>naturaleza del activo arrendado, en e<span class=\"__1 _5\"></span>l ep\u00edgrafe<span class=\"__1 _1bc\"> </span><span class=\"__1 _5\"></span> </div><div class=\"t_1 m0_1 x1d h8_1 y3a2 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">\u201cPropiedad,  planta  y <span class=\"__1 _c6\"> </span>equipo\u201d  del  E<span class=\"__1 _5\"></span>stado  de <span class=\"__1 _c6\"> </span>Situ<span class=\"__1 _6\"></span>aci\u00f3n  Fi<span class=\"__1 _5\"></span>nanciera  consolidado,  y <span class=\"__1 _c6\"> </span>clasifica  el <span class=\"__1 _c6\"> </span>pas<span class=\"__1 _6\"></span>ivo  por<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y2d0 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">arrendamiento en el ep\u00edgrafe \u201c<span class=\"ff4\">Deuda financiera </span>\u2013<span class=\"ff4\"> </span>Otros pasivos financieros\u201d del pasivo a l<span class=\"__1 _5\"></span>argo y corto plazo<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y2d1 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">del Estado d<span class=\"__1 _6\"></span>e Situaci\u00f3n Financiera consolida<span class=\"__1 _6\"></span>do.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x1d h8_1 y3a3 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Con <span class=\"__1 _4\"></span>relaci\u00f3n <span class=\"__1 _8\"></span>al <span class=\"__1 _4\"></span>estado <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>flujos <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>efectivo, <span class=\"__1 _8\"></span>el <span class=\"__1 _4\"></span>Grupo <span class=\"__1 _4\"></span>registra <span class=\"__1 _8\"></span>los <span class=\"__1 _4\"></span>pagos <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>rincipal <span class=\"__1 _8\"></span>por <span class=\"__1 _4\"></span>los <span class=\"__1 _8\"></span>con<span class=\"__1 _6\"></span>tratos <span class=\"__1 _4\"></span>de<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y3a4 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">arrendamiento dentro <span class=\"__1 _70\"></span><span class=\"ff6\">de los <span class=\"__1 _70\"></span>\u201cFlujos neto <span class=\"__1 _70\"></span>de efectivo <span class=\"__1 _70\"></span>de las <span class=\"__1 _70\"></span>actividades de <span class=\"__1 _70\"></span>financiaci\u00f3n\u201d, as\u00ed <span class=\"__1 _70\"></span>como el <span class=\"__1 _70\"></span>registro<span class=\"__1 _1bc\"> </span></span><span class=\"ff6\"> </span></div><div class=\"t_1 m0_1 x1d h8_1 y3a5 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de <span class=\"__1 _c8\"> </span>los <span class=\"__1 _c6\"> </span>intereses <span class=\"__1 _c6\"> </span>relacionados <span class=\"__1 _c6\"> </span>con <span class=\"__1 _c6\"> </span>dichos <span class=\"__1 _c8\"> </span>con<span class=\"__1 _6\"></span>tratos <span class=\"__1 _c8\"> </span>dentro <span class=\"__1 _c6\"> </span>del <span class=\"__1 _c8\"> </span>ep\u00edgrafe <span class=\"__1 _c6\"> </span>\u201cFlujos <span class=\"__1 _c6\"> </span>netos <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>efectivo <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"> </span>las<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1d h8_1 y3a6 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">actividades d<span class=\"__1 _6\"></span>e explotaci\u00f3n\u201d.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span><span class=\"ff4\"> </span></div></div>3.7<span class=\"ff5\"> <span class=\"__1 _cc\"> </span></span><span class=\"fc3\">Activos y pasi<span class=\"__1 _5\"></span>vos financiero<span class=\"__1 _5\"></span>s </span>ENCE valora <span class=\"__1 _70\"></span>y clasifica <span class=\"__1 _70\"></span>sus<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>instrumentos f<span class=\"__1 _5\"></span>inancieros de <span class=\"__1 _70\"></span>acu<span class=\"__1 _6\"></span>erdo con <span class=\"__1 _70\"></span>NIIF<span class=\"__1 _6\"></span>-9 Instrumentos <span class=\"__1 _5\"></span>Financieros. En <span class=\"__1 _70\"></span>este sentido: Activos financieros<span class=\"__1 _1bc\"> </span> En <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>momento <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>econocimiento <span class=\"__1 _8\"></span>inicial, <span class=\"__1 _6\"></span>ENCE <span class=\"__1 _8\"></span>valora <span class=\"__1 _6\"></span>un<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>activo <span class=\"__1 _8\"></span>financiero <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>su <span class=\"__1 _6\"></span>valor <span class=\"__1 _8\"></span>razonable, <span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>alor <span class=\"__1 _6\"></span>qu<span class=\"__1 _6\"></span>e incluye <span class=\"__1 _c9\"> </span>los <span class=\"__1 _c9\"> </span>cos<span class=\"__1 _6\"></span>tes <span class=\"__1 _c9\"> </span>de <span class=\"__1 _c9\"> </span>la <span class=\"__1 _c9\"> </span>tran<span class=\"__1 _6\"></span>sacci\u00f3n <span class=\"__1 _c9\"> </span>que <span class=\"__1 _c9\"> </span>s<span class=\"__1 _6\"></span>ean <span class=\"__1 _c9\"> </span>directamente <span class=\"__1 _c9\"> </span>atribuibles <span class=\"__1 _c9\"> </span>a <span class=\"__1 _cd\"> </span>la <span class=\"__1 _c9\"> </span>adquisici\u00f3n <span class=\"__1 _c9\"> </span>del <span class=\"__1 _c9\"> </span>activo<span class=\"__1 _6\"></span>. Excepcionalmente, <span class=\"__1 _cb\"> </span>los  costes <span class=\"__1 _cb\"> </span>de  transacci\u00f3n  corres<span class=\"__1 _6\"></span>pondientes  a <span class=\"__1 _cb\"> </span>activos  financieros  valo<span class=\"__1 _6\"></span>rados  a <span class=\"__1 _cb\"> </span>valor razonable con cambios<span class=\"__1 _6\"></span> en resultado<span class=\"__1 _6\"></span>s se imputan directamente a<span class=\"__1 _6\"></span> resul<span class=\"__1 _6\"></span>tados<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span>Con  posterioridad<span class=\"__1 _6\"></span>  a  su  recono<span class=\"__1 _6\"></span>cimiento  inicial,  ENCE <span class=\"__1 _cb\"> </span>clasifica  sus  activos  finan<span class=\"__1 _6\"></span>cieros  en  las  siguient<span class=\"__1 _6\"></span>es categor\u00edas; <span class=\"__1 _70\"></span>1) <span class=\"__1 _5\"></span>a <span class=\"__1 _70\"></span>coste amortizado, <span class=\"__1 _70\"></span>2) <span class=\"__1 _70\"></span>a <span class=\"__1 _5\"></span>valor <span class=\"__1 _70\"></span>razon<span class=\"__1 _6\"></span>able <span class=\"__1 _70\"></span>con <span class=\"__1 _70\"></span>cambio<span class=\"__1 _6\"></span>s <span class=\"__1 _70\"></span>en re<span class=\"__1 _5\"></span>sultados<span class=\"__1 _6\"></span>, <span class=\"__1 _70\"></span>o <span class=\"__1 _70\"></span>bien, <span class=\"__1 _5\"></span>3) <span class=\"__1 _70\"></span>a <span class=\"__1 _5\"></span>valor <span class=\"__1 _70\"></span>razonab<span class=\"__1 _6\"></span>le con  cambios  e<span class=\"__1 _5\"></span>n  otro <span class=\"__1 _c6\"> </span>resu<span class=\"__1 _6\"></span>ltado  global.  La <span class=\"__1 _c6\"> </span>clasificaci\u00f3n  depende  del <span class=\"__1 _c6\"> </span>modelo  de  negocio  de <span class=\"__1 _c6\"> </span>ENCE<span class=\"__1 _6\"></span>  par<span class=\"__1 _5\"></span>a gestionar los activ<span class=\"__1 _6\"></span>os financieros y<span class=\"__1 _6\"></span> los t\u00e9rminos contractu<span class=\"__1 _6\"></span>ales de los flujos<span class=\"__1 _6\"></span> de efectivo: <span class=\"__1 _6\"></span> i.<span class=\"ff2_1 ls0_1\"> <span class=\"__1 _a8\"> </span><span class=\"ff4\">Coste <span class=\"__1 _4\"></span>amort<span class=\"__1 _6\"></span>izado <span class=\"__1 _4\"></span>usan<span class=\"__1 _6\"></span>do <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>m\u00e9todo <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>tipo <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>inter<span class=\"__1 _6\"></span>\u00e9s <span class=\"__1 _4\"></span>efectivo: <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>clasifican<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>esta <span class=\"__1 _4\"></span>categor\u00eda <span class=\"__1 _4\"></span>los </span></span>activos <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>mantienen <span class=\"__1 _6\"></span>par<span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>cobro <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>flujos <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>efectivo <span class=\"__1 _6\"></span>previsto<span class=\"__1 _6\"></span>s <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>contrato, <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>esos<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>flujos <span class=\"__1 _6\"></span>de efectivo representan s<span class=\"__1 _6\"></span>\u00f3lo cobros d<span class=\"__1 _6\"></span>e principal e intereses. <span class=\"__1 _6\"></span> Una <span class=\"__1 _70\"></span>ganan<span class=\"__1 _6\"></span>cia <span class=\"__1 _70\"></span>o <span class=\"__1 _5\"></span>p\u00e9rdida en <span class=\"__1 _70\"></span>una <span class=\"__1 _70\"></span>inv<span class=\"__1 _6\"></span>ersi\u00f3n <span class=\"__1 _70\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _70\"></span>se <span class=\"__1 _5\"></span>valore <span class=\"__1 _70\"></span>a coste <span class=\"__1 _70\"></span>amortizado y <span class=\"__1 _70\"></span>no <span class=\"__1 _70\"></span>sea <span class=\"__1 _5\"></span>parte <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>u<span class=\"__1 _8\"></span>na <span class=\"__1 _70\"></span>relaci\u00f3<span class=\"__1 _6\"></span>n de cobertura se reconoce en el resu<span class=\"__1 _6\"></span>ltado del ejercicio cuando<span class=\"__1 _6\"></span> el activo se da de baja o se deteriora. Los ingresos por intereses de estos activos financieros se reconocen como ingresos financieros en el Estado de Resultado cons<span class=\"__1 _6\"></span>olidado de acuerd<span class=\"__1 _6\"></span>o a su<span class=\"__1 _6\"></span> devengo, aplicando el m\u00e9todo d<span class=\"__1 _6\"></span>el tipo de inter<span class=\"__1 _6\"></span>\u00e9s efectivo.<span class=\"__1 _6\"></span> En <span class=\"__1 _c6\"> </span>esta <span class=\"__1 _c6\"> </span>categor\u00eda <span class=\"__1 _c6\"> </span>se <span class=\"__1 _c6\"> </span>incluyen <span class=\"__1 _c6\"> </span>\u201cDeudores <span class=\"__1 _c6\"> </span>comerciales <span class=\"__1 _c6\"> </span>y <span class=\"__1 _c6\"> </span>otras<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>cuentas <span class=\"__1 _c6\"> </span>a <span class=\"__1 _c8\"> </span>cob<span class=\"__1 _6\"></span>rar\u201d, <span class=\"__1 _c6\"> </span>\u201cOtras <span class=\"__1 _c6\"> </span>inversion<span class=\"__1 _6\"></span>es financieras\u201d, <span class=\"__1 _6\"></span>\u201c<span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>\u201cEfectivo <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>otros <span class=\"__1 _6\"></span>activos <span class=\"__1 _8\"></span>l\u00edquidos <span class=\"__1 _6\"></span>equivalentes\u201d, <span class=\"__1 _4\"></span>principalmente. <span class=\"__1 _6\"></span>El <span class=\"__1 _6\"></span>ep\u00edgrafe <span class=\"__1 _6\"></span>\u201c<span class=\"__1 _6\"></span>Efectivo <span class=\"__1 _6\"></span>y otros <span class=\"__1 _c6\"> </span>activos <span class=\"__1 _c8\"> </span>l\u00edqu<span class=\"__1 _6\"></span>idos <span class=\"__1 _c8\"> </span>equiv<span class=\"__1 _6\"></span>alentes\u201d <span class=\"__1 _c8\"> </span>recoge <span class=\"__1 _c8\"> </span>s<span class=\"__1 _6\"></span>aldos <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c8\"> </span>tes<span class=\"__1 _6\"></span>orer\u00eda <span class=\"__1 _c8\"> </span>e <span class=\"__1 _c8\"> </span>inv<span class=\"__1 _6\"></span>ersiones <span class=\"__1 _c6\"> </span>a <span class=\"__1 _c8\"> </span>corto <span class=\"__1 _c6\"> </span>plazo <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c8\"> </span>gran liquidez que son f\u00e1cilmente convertibles en efectivo, con vencimiento<span class=\"__1 _6\"></span>s originales de un m\u00e1ximo de tres meses, y que es<span class=\"__1 _6\"></span>t\u00e1n sujetos a un riesgo <span class=\"__1 _6\"></span>de cambio de valor p<span class=\"__1 _6\"></span>oco significativo.<span class=\"__1 _6\"></span> Las cuentas por <span class=\"__1 _70\"></span>cob<span class=\"__1 _6\"></span>rar <span class=\"__1 _5\"></span>a deudores <span class=\"__1 _70\"></span>comerc<span class=\"__1 _6\"></span>iales propias del <span class=\"__1 _70\"></span>tr\u00e1fico habitual del <span class=\"__1 _5\"></span>Grupo se <span class=\"__1 _5\"></span>registran por <span class=\"__1 _5\"></span>su valor nominal, dado que su vencimiento es en ge<span class=\"__1 _5\"></span>neral inferior a doce meses, corregido <span class=\"__1 _6\"></span>po<span class=\"__1 _6\"></span>r las p\u00e9rdidas crediticias <span class=\"__1 _5\"></span>esperadas. En <span class=\"__1 _70\"></span>este cap\u00edtulo <span class=\"__1 _5\"></span>se <span class=\"__1 _5\"></span>ha <span class=\"__1 _5\"></span>seguido e<span class=\"__1 _5\"></span>l <span class=\"__1 _5\"></span>modelo simplificado <span class=\"__1 _70\"></span>de p\u00e9rdida <span class=\"__1 _70\"></span>es<span class=\"__1 _6\"></span>perada basado en la experiencia his<span class=\"__1 _6\"></span>t\u00f3rica de p\u00e9rdidas<span class=\"__1 _6\"></span> crediticias.<span class=\"__1 _6\"></span> ii.<span class=\"ff2_1 ls0_1\"> <span class=\"__1 _b5\"> </span><span class=\"ff4\">Valor <span class=\"__1 _6\"></span>razonab<span class=\"__1 _6\"></span>le <span class=\"__1 _6\"></span>con <span class=\"__1 _6\"></span>cambio<span class=\"__1 _6\"></span>s <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>resultados<span class=\"__1 _6\"></span>: <span class=\"__1 _6\"></span>dentro <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>esta <span class=\"__1 _6\"></span>cat<span class=\"__1 _6\"></span>egor\u00eda <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>incluy<span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>lo<span class=\"__1 _8\"></span>s <span class=\"__1 _6\"></span>deri<span class=\"__1 _6\"></span>vados <span class=\"__1 _8\"></span>que <span class=\"__1 _6\"></span>no </span></span>cumplen <span class=\"__1 _8\"></span>las <span class=\"__1 _4\"></span>condiciones <span class=\"__1 _8\"></span>para <span class=\"__1 _4\"></span>considerarse <span class=\"__1 _8\"></span>como <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>cobertura <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>acu<span class=\"__1 _6\"></span>erdo <span class=\"__1 _8\"></span>con <span class=\"__1 _4\"></span>NIIF <span class=\"__1 _8\"></span>9 <span class=\"__1 _4\"></span><span class=\"ff6\">\u2013</span> <span class=\"__1 _8\"></span>Ins<span class=\"__1 _6\"></span>trumentos Financieros, los activos <span class=\"__1 _70\"></span>finan<span class=\"__1 _6\"></span>cieros <span class=\"__1 _5\"></span>que otras <span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>ormas establezcan <span class=\"__1 _70\"></span>q<span class=\"__1 _6\"></span>ue deben <span class=\"__1 _70\"></span>v<span class=\"__1 _6\"></span>alorarse <span class=\"__1 _5\"></span>a valor <span class=\"__1 _70\"></span>razo<span class=\"__1 _6\"></span>nable con <span class=\"__1 _6\"></span>cargo <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>resultados, <span class=\"__1 _6\"></span>tales <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>as <span class=\"__1 _6\"></span>contrapres<span class=\"__1 _6\"></span>taciones con<span class=\"__1 _6\"></span>tingentes <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>combinaciones <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>negocios<span class=\"__1 _6\"></span> y aquellos activ<span class=\"__1 _6\"></span>os financieros que d<span class=\"__1 _6\"></span>e valorarse de otra forma <span class=\"__1 _6\"></span>generar\u00edan una as<span class=\"__1 _6\"></span>imetr\u00eda contable. <span class=\"__1 _6\"></span> Los <span class=\"__1 _8\"></span>cambios <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>se <span class=\"__1 _6\"></span>prod<span class=\"__1 _6\"></span>uzcan <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>su <span class=\"__1 _8\"></span>valor <span class=\"__1 _8\"></span>razonable <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>imputan <span class=\"__1 _8\"></span>cuando <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>pro<span class=\"__1 _6\"></span>ducen <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>ep\u00edgra<span class=\"__1 _8\"></span>fes \u201cGastos <span class=\"__1 _c9\"> </span>financieros\u201d, <span class=\"__1 _c9\"> </span>\u201cIngresos <span class=\"__1 _c9\"> </span>financieros\u201d <span class=\"__1 _c9\"> </span>o <span class=\"__1 _c9\"> </span>\u201cVariaci\u00f3n <span class=\"__1 _c9\"> </span>en <span class=\"__1 _c9\"> </span>el <span class=\"__1 _cb\"> </span>valor <span class=\"__1 _c9\"> </span>razonab<span class=\"__1 _6\"></span>le <span class=\"__1 _c9\"> </span>de <span class=\"__1 _cb\"> </span>instrumentos<span class=\"__1 _6\"></span> financieros\u201d, seg\u00fan<span class=\"__1 _6\"></span> corresponda, d<span class=\"__1 _6\"></span>el Estado de Resulta<span class=\"__1 _6\"></span>do consolidado.<span class=\"__1 _6\"></span><span class=\"ff4\"> </span>Los <span class=\"__1 _4\"></span>costes <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>transacci\u00f3n <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>irectamente <span class=\"__1 _4\"></span>atribuibles <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>compra <span class=\"__1 _4\"></span>o <span class=\"__1 _4\"></span>emisi\u00f3n <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>este <span class=\"__1 _4\"></span>tipo <span class=\"__1 _c8\"> </span>de <span class=\"__1 _4\"></span>activos<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>se reconocen como un<span class=\"__1 _6\"></span> gasto en el Estad<span class=\"__1 _6\"></span>o de Resultado conso<span class=\"__1 _6\"></span>lidado a medida qu<span class=\"__1 _6\"></span>e se incurre en ellos.<span class=\"__1 _1bc\"> </span>iii.<span class=\"ff2_1 ls0_1\"> <span class=\"__1 _b5\"> </span><span class=\"ff4\">Activos <span class=\"__1 _8\"></span>finan<span class=\"__1 _6\"></span>cieros <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>v<span class=\"__1 _6\"></span>alor <span class=\"__1 _8\"></span>razonab<span class=\"__1 _6\"></span>le <span class=\"__1 _8\"></span>con <span class=\"__1 _4\"></span>cambios <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>otro <span class=\"__1 _8\"></span>resultad<span class=\"__1 _6\"></span>o <span class=\"__1 _8\"></span>global: <span class=\"__1 _4\"></span>el <span class=\"__1 _6\"></span>Gru<span class=\"__1 _6\"></span>po <span class=\"__1 _8\"></span>no <span class=\"__1 _4\"></span>tiene <span class=\"__1 _6\"></span>act<span class=\"__1 _6\"></span>ivos </span></span>clasificados en esta ca<span class=\"__1 _6\"></span>tegor\u00eda.<span class=\"__1 _6\"></span> En el <span class=\"__1 _6\"></span>caso <span class=\"__1 _6\"></span>de p<span class=\"__1 _6\"></span>articipaciones <span class=\"__1 _6\"></span>en sociedad<span class=\"__1 _6\"></span>es no <span class=\"__1 _6\"></span>cotizadas<span class=\"__1 _6\"></span>, poco <span class=\"__1 _6\"></span>relevantes, d<span class=\"__1 _6\"></span>ado q<span class=\"__1 _6\"></span>ue el v<span class=\"__1 _6\"></span>alor razon<span class=\"__1 _6\"></span>able no <span class=\"__1 _8\"></span>siempre <span class=\"__1 _6\"></span>es <span class=\"__1 _8\"></span>posible <span class=\"__1 _8\"></span>determinarlo <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>forma <span class=\"__1 _6\"></span>fiabl<span class=\"__1 _6\"></span>e, <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>aloran <span class=\"__1 _8\"></span>por <span class=\"__1 _8\"></span>su <span class=\"__1 _8\"></span>coste <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>adquisici\u00f3n, <span class=\"__1 _8\"></span>corregido por las evidencias<span class=\"__1 _6\"></span> de deterioro que pu<span class=\"__1 _6\"></span>dieran existir.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> Durante <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>ejercicios <span class=\"__1 _4\"></span>2023 <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>2022 <span class=\"__1 _4\"></span>no <span class=\"__1 _4\"></span>se <span class=\"__1 _8\"></span>han<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>producido <span class=\"__1 _4\"></span>reclasificaciones <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>activos <span class=\"__1 _4\"></span>financieros <span class=\"__1 _4\"></span>entre <span class=\"__1 _4\"></span>las categor\u00edas definidas en lo<span class=\"__1 _6\"></span>s p\u00e1rrafos previos<span class=\"__1 _6\"></span>. Las compras y<span class=\"__1 _6\"></span> ventas de activos finan<span class=\"__1 _6\"></span>cieros se contabiliza<span class=\"__1 _6\"></span>n utilizando la fecha de n<span class=\"__1 _6\"></span>egociaci\u00f3n. <span class=\"__1 _8\"></span> Deterioros de valor<span class=\"__1 _1bc\"> </span>ENCE ev<span class=\"__1 _6\"></span>al\u00faa s<span class=\"__1 _6\"></span>obre una <span class=\"__1 _6\"></span>base p<span class=\"__1 _6\"></span>rospectiva <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>p\u00e9rdidas <span class=\"__1 _6\"></span>de cr\u00e9dito <span class=\"__1 _6\"></span>esperadas <span class=\"__1 _6\"></span>de s<span class=\"__1 _6\"></span>us <span class=\"__1 _6\"></span>activos valorados<span class=\"__1 _6\"></span> a <span class=\"__1 _6\"></span>coste<span class=\"__1 _1bc\"> </span> amortizado. En es<span class=\"__1 _6\"></span>te sentido, ENCE ap<span class=\"__1 _6\"></span>lica el enfoque gener<span class=\"__1 _6\"></span>al de c\u00e1lculo de la p\u00e9rd<span class=\"__1 _6\"></span>ida esperada a s<span class=\"__1 _6\"></span>us activos<span class=\"__1 _1bc\"> </span> financieros a <span class=\"__1 _5\"></span>largo plazo, excepto <span class=\"__1 _5\"></span>los saldos comerciales y <span class=\"__1 _70\"></span>ot<span class=\"__1 _6\"></span>ras cuentas a <span class=\"__1 _5\"></span>cobrar sin <span class=\"__1 _5\"></span>componente financiero<span class=\"__1 _1bc\"> </span> significativo para <span class=\"__1 _6\"></span>los que aplica un enfoqu<span class=\"__1 _6\"></span>e simplificado.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> Bajo el enfoque general, se consideran las p\u00e9rdidas<span class=\"__1 _6\"></span> crediticias esperadas en los pr\u00f3ximos doce meses, salvo<span class=\"__1 _1bc\"> </span> que <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>riesgo <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>cr\u00e9dito <span class=\"__1 _8\"></span>se <span class=\"__1 _4\"></span>haya <span class=\"__1 _4\"></span>incrementado <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>for<span class=\"__1 _6\"></span>ma <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>ignificativa <span class=\"__1 _4\"></span>desde <span class=\"__1 _8\"></span>su<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>reconocimiento <span class=\"__1 _4\"></span>inicial, <span class=\"__1 _8\"></span>en<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> cuyo cas<span class=\"__1 _6\"></span>o se <span class=\"__1 _6\"></span>considerar\u00e1n<span class=\"__1 _6\"></span> las <span class=\"__1 _6\"></span>p\u00e9rdidas <span class=\"__1 _6\"></span>esperadas<span class=\"__1 _6\"></span> duran<span class=\"__1 _6\"></span>te la <span class=\"__1 _6\"></span>vida <span class=\"__1 _6\"></span>del activo. <span class=\"__1 _6\"></span>En <span class=\"__1 _6\"></span>la evalu<span class=\"__1 _6\"></span>aci\u00f3n <span class=\"__1 _6\"></span>de un<span class=\"__1 _6\"></span> ca<span class=\"__1 _6\"></span>mbio<span class=\"__1 _1bc\"> </span> significativo <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>riesgo <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>cr<span class=\"__1 _6\"></span>\u00e9dito <span class=\"__1 _8\"></span>se <span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>tilizan <span class=\"__1 _8\"></span>variaciones<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>calificaci\u00f3n <span class=\"__1 _8\"></span>crediticia <span class=\"__1 _8\"></span>obtenida<span class=\"__1 _6\"></span>s <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>fuentes<span class=\"__1 _1bc\"> </span> de mercado externas<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span> Bajo <span class=\"__1 _5\"></span>el <span class=\"__1 _70\"></span>enfoqu<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>implificado, <span class=\"__1 _5\"></span>se <span class=\"__1 _5\"></span>consideran las <span class=\"__1 _70\"></span>p\u00e9rdidas cre<span class=\"__1 _5\"></span>diticias e<span class=\"__1 _5\"></span>speradas durante <span class=\"__1 _70\"></span>la <span class=\"__1 _5\"></span>vida <span class=\"__1 _5\"></span>del <span class=\"__1 _70\"></span>act<span class=\"__1 _6\"></span>ivo.  <span class=\"__1 _5\"></span>Este<span class=\"__1 _1bc\"> </span> modelo <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>ll<span class=\"__1 _6\"></span>eva <span class=\"__1 _c8\"></span>a <span class=\"__1 _c8\"></span>cabo <span class=\"__1 _c8\"></span>teniendo <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c8\"></span>consideraci\u00f3n <span class=\"__1 _c8\"> </span>el <span class=\"__1 _c8\"></span>tipo <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"></span>cliente<span class=\"__1 _6\"></span>, <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c8\"> </span>cobertura <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>s<span class=\"__1 _6\"></span>eguro <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>cr\u00e9dito<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> disponible,<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>as\u00ed <span class=\"__1 _70\"></span>como <span class=\"__1 _70\"></span>la <span class=\"__1 _70\"></span>experie<span class=\"__1 _6\"></span>ncia <span class=\"__1 _70\"></span>hist\u00f3rica <span class=\"__1 _70\"></span>ref<span class=\"__1 _6\"></span>erente <span class=\"__1 _70\"></span>al <span class=\"__1 _70\"></span>riesgo <span class=\"__1 _5\"></span>crediticio <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>los <span class=\"__1 _70\"></span>\u00fa<span class=\"__1 _6\"></span>ltimos <span class=\"__1 _70\"></span>cinco <span class=\"__1 _70\"></span>a\u00f1<span class=\"__1 _6\"></span>os. El <span class=\"__1 _70\"></span>modelo<span class=\"__1 _1bc\"> </span> incorpora <span class=\"__1 _8\"></span>como <span class=\"__1 _8\"></span>un <span class=\"__1 _4\"></span>umbral <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>m\u00e1s <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>180 <span class=\"__1 _8\"></span>d\u00edas<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>mora <span class=\"__1 _8\"></span>par<span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>consideraci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>ha <span class=\"__1 _8\"></span>prod<span class=\"__1 _6\"></span>ucido <span class=\"__1 _8\"></span>un<span class=\"__1 _1bc\"> </span> impago <span class=\"__1 _5\"></span>definitivo. Estos <span class=\"__1 _70\"></span>criterios son <span class=\"__1 _70\"></span>aplicados en <span class=\"__1 _70\"></span>ausencia de<span class=\"__1 _5\"></span> <span class=\"__1 _5\"></span>otras e<span class=\"__1 _5\"></span>videncias objetivas <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>incumplimiento,<span class=\"__1 _1bc\"> </span> como <span class=\"__1 _70\"></span>puedan<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>ser <span class=\"__1 _5\"></span>las <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>ituaciones <span class=\"__1 _70\"></span>concu<span class=\"__1 _6\"></span>rsales, <span class=\"__1 _5\"></span>etc. <span class=\"__1 _70\"></span><span class=\"ls18\">En <span class=\"__1 _5\"></span><span class=\"ls0_1\">los <span class=\"__1 _70\"></span>ejercicios 2023 <span class=\"__1 _70\"></span>y <span class=\"__1 _70\"></span>2022 <span class=\"__1 _5\"></span>no <span class=\"__1 _70\"></span>se han <span class=\"__1 _70\"></span>registrado <span class=\"__1 _5\"></span>importes<span class=\"__1 _1bc\"> </span></span></span><span class=\"ls18\"><span class=\"ls0_1\"> </span></span>significativos p<span class=\"__1 _6\"></span>or este concepto en <span class=\"__1 _6\"></span>el Estado<span class=\"__1 _6\"></span> de Resultado con<span class=\"__1 _6\"></span>solidado<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span> Las <span class=\"__1 _6\"></span>dotaciones<span class=\"__1 _6\"></span> y<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>reversiones d<span class=\"__1 _6\"></span>e las<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>correcciones <span class=\"__1 _6\"></span>valorativas<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>por <span class=\"__1 _6\"></span>deterioro <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>valor <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>sald<span class=\"__1 _6\"></span>os <span class=\"__1 _6\"></span>comerciales <span class=\"__1 _6\"></span>a<span class=\"__1 _1bc\"> </span> cobrar <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>registran <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _4\"></span>ep\u00edgrafe <span class=\"__1 _4\"></span>\u201cDeterioro <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>valor <span class=\"__1 _4\"></span>sobre<span class=\"__1 _5\"></span> <span class=\"__1 _4\"></span>activos <span class=\"__1 _4\"></span>financieros\u201d <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>Estado <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>Resultado<span class=\"__1 _1bc\"> </span> consolidado. Re<span class=\"ls0_1\">gistro de baja<span class=\"__1 _6\"></span>s - </span>El <span class=\"__1 _6\"></span>Grupo <span class=\"__1 _6\"></span>reconoce <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>baj<span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>activo<span class=\"__1 _6\"></span>s <span class=\"__1 _6\"></span>financieros <span class=\"__1 _6\"></span>cuando<span class=\"__1 _6\"></span> expiran <span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>e han<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>cedido <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>derechos <span class=\"__1 _6\"></span>so<span class=\"__1 _6\"></span>bre los<span class=\"__1 _6\"></span> flujos <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>efectivo <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>corr<span class=\"__1 _6\"></span>espondiente <span class=\"__1 _8\"></span>activ<span class=\"__1 _6\"></span>o <span class=\"__1 _8\"></span>financiero <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>han<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>transferido <span class=\"__1 _8\"></span>su<span class=\"__1 _6\"></span>stancialmente <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>riesgos<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>y beneficios inherentes a su propiedad. La baja de un activo f<span class=\"__1 _5\"></span>inanciero implica e<span class=\"__1 _5\"></span>l reconocim<span class=\"__1 _6\"></span>iento en el <span class=\"__1 _5\"></span>Estado de Resultado consolidado de l<span class=\"__1 _5\"></span>a diferencia e<span class=\"__1 _5\"></span>xistente entre su valor contable y<span class=\"__1 _5\"></span> la <span class=\"__1 _5\"></span>suma de la<span class=\"__1 _5\"></span> contraprestaci\u00f3n recibida, <span class=\"__1 _5\"></span>neta <span class=\"__1 _5\"></span>de <span class=\"__1 _5\"></span>gastos de <span class=\"__1 _70\"></span>la transacci\u00f3n, <span class=\"__1 _5\"></span>incluy\u00e9ndose los a<span class=\"__1 _5\"></span>ctivos obtenidos <span class=\"__1 _5\"></span>o <span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>asivos <span class=\"__1 _70\"></span>as<span class=\"__1 _6\"></span>umidos <span class=\"__1 _5\"></span>y <span class=\"__1 _5\"></span>cualquier p\u00e9rdida o ganan<span class=\"__1 _6\"></span>cia diferida en otro resu<span class=\"__1 _6\"></span>ltado global.<span class=\"__1 _6\"></span> En <span class=\"__1 _c6\"> </span>este <span class=\"__1 _c6\"> </span>sentido,<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>el <span class=\"__1 _c8\"> </span>Grup<span class=\"__1 _6\"></span>o <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c6\"> </span>funci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>las <span class=\"__1 _c6\"> </span>necesidade<span class=\"__1 _6\"></span>s <span class=\"__1 _c6\"> </span>coyuntu<span class=\"__1 _6\"></span>rales <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>tesorer\u00eda <span class=\"__1 _c6\"> </span>realiza <span class=\"__1 _c6\"> </span>cesiones <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>e cr\u00e9ditos <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>clientes <span class=\"__1 _70\"></span>a entidades <span class=\"__1 _70\"></span>finan<span class=\"__1 _6\"></span>cieras <span class=\"__1 _70\"></span>(facto<span class=\"__1 _6\"></span>ring) <span class=\"__1 _70\"></span>y podr\u00e1 <span class=\"__1 _70\"></span>llevar <span class=\"__1 _70\"></span>a cabo <span class=\"__1 _70\"></span>titulizaciones <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>activos. <span class=\"__1 _5\"></span>En <span class=\"__1 _70\"></span>es<span class=\"__1 _6\"></span>tas cesiones <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c8\"> </span>derechos <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>cobro <span class=\"__1 _c6\"> </span>se <span class=\"__1 _c6\"> </span>transmiten <span class=\"__1 _c6\"> </span>sustan<span class=\"__1 _6\"></span>cialmente <span class=\"__1 _c8\"> </span>los <span class=\"__1 _c6\"> </span>riesgos <span class=\"__1 _c6\"> </span>y <span class=\"__1 _c6\"> </span>beneficios <span class=\"__1 _c6\"> </span>inherentes <span class=\"__1 _c8\"> </span>a <span class=\"__1 _c6\"> </span>las<span class=\"__1 _1bc\"> </span> cuentas <span class=\"__1 _c8\"></span>a <span class=\"__1 _4\"></span>cobrar, <span class=\"__1 _c8\"></span>as\u00ed <span class=\"__1 _4\"></span>como <span class=\"__1 _c8\"> </span>el <span class=\"__1 _c8\"></span>control <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>obre <span class=\"__1 _4\"></span>\u00e9stas<span class=\"__1 _6\"></span>, <span class=\"__1 _4\"></span>sin<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>que <span class=\"__1 _c8\"></span>existan <span class=\"__1 _4\"></span>pacto<span class=\"__1 _6\"></span>s <span class=\"__1 _4\"></span>de <span class=\"__1 _c8\"></span>recompra <span class=\"__1 _c8\"></span>susc<span class=\"__1 _8\"></span>ritos<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>con <span class=\"__1 _c8\"></span>las entidades <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>cr\u00e9dito <span class=\"__1 _8\"></span>(cesiones<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>sin <span class=\"__1 _4\"></span>recurso). <span class=\"__1 _8\"></span>Consecuentemente, <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>acuerdo <span class=\"__1 _4\"></span>con <span class=\"__1 _8\"></span>los <span class=\"__1 _4\"></span>crit<span class=\"__1 _70\"></span>erios<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>establecidos<span class=\"__1 _1bc\"> </span>por <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>NIIF, <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>dan <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>baja <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>Estado <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>Situaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>Financiera cons<span class=\"__1 _6\"></span>olidado <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>saldos <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>cobrar <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>deudores vendidos en la<span class=\"__1 _6\"></span>s condiciones i<span class=\"__1 _6\"></span>ndicadas.<span class=\"__1 _1bc\"> </span> Por <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>con<span class=\"__1 _6\"></span>trario, <span class=\"__1 _c8\"></span>el <span class=\"__1 _4\"></span>Grupo <span class=\"__1 _4\"></span>no<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>da <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>baja <span class=\"__1 _c8\"></span>los <span class=\"__1 _4\"></span>activos<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>financieros, <span class=\"__1 _c8\"></span>y <span class=\"__1 _4\"></span>reconoce <span class=\"__1 _4\"></span>u<span class=\"__1 _6\"></span>n <span class=\"__1 _4\"></span>pas<span class=\"__1 _6\"></span>ivo <span class=\"__1 _4\"></span>financiero <span class=\"__1 _4\"></span>p<span class=\"__1 _6\"></span>or <span class=\"__1 _4\"></span>un importe <span class=\"__1 _4\"></span>igual <span class=\"__1 _4\"></span>a <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>contrap<span class=\"__1 _6\"></span>restaci\u00f3n <span class=\"__1 _4\"></span>recibida, <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>las <span class=\"__1 _4\"></span>cesiones <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>activos <span class=\"__1 _4\"></span>f<span class=\"__1 _5\"></span>inancieros <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>las <span class=\"__1 _4\"></span>que <span class=\"__1 _8\"></span>se <span class=\"__1 _4\"></span>retenga sustancialmente los<span class=\"__1 _6\"></span> riesgos y beneficios<span class=\"__1 _6\"></span> inherentes a s<span class=\"__1 _6\"></span>u propiedad.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> Pasivos financieros <span class=\"__1 _6\"></span> Son <span class=\"__1 _6\"></span>pasivos <span class=\"__1 _6\"></span>financieros <span class=\"__1 _6\"></span>aquellos<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>d\u00e9bitos <span class=\"__1 _6\"></span>y par<span class=\"__1 _6\"></span>tidas <span class=\"__1 _6\"></span>a pagar <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>tiene el <span class=\"__1 _6\"></span>Grupo<span class=\"__1 _6\"></span> y <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>han <span class=\"__1 _6\"></span>originado <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>la compra de <span class=\"__1 _70\"></span>bi<span class=\"__1 _6\"></span>enes y <span class=\"__1 _5\"></span>servicios por operaciones de <span class=\"__1 _70\"></span>tr\u00e1<span class=\"__1 _6\"></span>fico de la <span class=\"__1 _5\"></span>empresa, o <span class=\"__1 _5\"></span>tambi\u00e9n aquellos que<span class=\"__1 _6\"></span>, sin tener <span class=\"__1 _70\"></span>un<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> origen <span class=\"__1 _4\"></span>comercial, <span class=\"__1 _8\"></span>n<span class=\"__1 _6\"></span>o <span class=\"__1 _4\"></span>pueden <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>er <span class=\"__1 _8\"></span>con<span class=\"__1 _6\"></span>siderados <span class=\"__1 _4\"></span>como <span class=\"__1 _8\"></span>in<span class=\"__1 _6\"></span>strumentos <span class=\"__1 _4\"></span>financieros <span class=\"__1 _4\"></span>derivados, <span class=\"__1 _4\"></span>principalmente, deudas con en<span class=\"__1 _6\"></span>tidades de cr\u00e9dito, bon<span class=\"__1 _6\"></span>os emitidos, etc.<span class=\"__1 _1bc\"> </span>ENCE <span class=\"__1 _4\"></span>clasifica <span class=\"__1 _8\"></span>su<span class=\"__1 _6\"></span>s <span class=\"__1 _8\"></span>pas<span class=\"__1 _6\"></span>ivos <span class=\"__1 _4\"></span>fin<span class=\"__1 _5\"></span>ancieros <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>las <span class=\"__1 _4\"></span>siguientes <span class=\"__1 _4\"></span>cate<span class=\"__1 _5\"></span>gor\u00edas, <span class=\"__1 _4\"></span>con <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>osteriorida<span class=\"__1 _8\"></span>d <span class=\"__1 _8\"></span>a <span class=\"__1 _4\"></span>su <span class=\"__1 _8\"></span>reconocimiento<span class=\"__1 _6\"></span> inicial; 1) <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>cos<span class=\"__1 _6\"></span>te <span class=\"__1 _6\"></span>amortizado, <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>2) <span class=\"__1 _6\"></span>a valor <span class=\"__1 _6\"></span>ra<span class=\"__1 _6\"></span>zonable con<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>cambios en <span class=\"__1 _6\"></span>res<span class=\"__1 _6\"></span>ultados. <span class=\"__1 _6\"></span>En <span class=\"__1 _6\"></span>esta \u00fa<span class=\"__1 _6\"></span>ltima cat<span class=\"__1 _6\"></span>egor\u00eda s<span class=\"__1 _6\"></span>e recogen b<span class=\"__1 _6\"></span>\u00e1sicamente <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>contra<span class=\"__1 _6\"></span>prestaciones <span class=\"__1 _6\"></span>contin<span class=\"__1 _6\"></span>gentes qu<span class=\"__1 _6\"></span>e s<span class=\"__1 _6\"></span>e p<span class=\"__1 _6\"></span>uedan <span class=\"__1 _6\"></span>originar <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>las comb<span class=\"__1 _6\"></span>inaciones <span class=\"__1 _6\"></span>de negocios, <span class=\"__1 _4\"></span>as\u00ed <span class=\"__1 _8\"></span>como <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>in<span class=\"__1 _5\"></span>strumentos <span class=\"__1 _4\"></span>financieros <span class=\"__1 _8\"></span>derivad<span class=\"__1 _6\"></span>os <span class=\"__1 _4\"></span>que <span class=\"__1 _8\"></span>no <span class=\"__1 _4\"></span>son <span class=\"__1 _8\"></span>designados <span class=\"__1 _4\"></span>como <span class=\"__1 _8\"></span>instrumentos <span class=\"__1 _4\"></span>de cobertura de acuerdo co<span class=\"__1 _6\"></span>n NIIF 9 <span class=\"__1 _6\"></span><span class=\"ff6\">\u2013</span> Instrumentos<span class=\"__1 _6\"></span> Financieros<span class=\"__1 _6\"></span>.  ENCE da <span class=\"__1 _70\"></span>de baja <span class=\"__1 _70\"></span>un pasivo <span class=\"__1 _70\"></span>financiero o <span class=\"__1 _70\"></span>una parte <span class=\"__1 _70\"></span>del mismo <span class=\"__1 _70\"></span>cuan<span class=\"__1 _6\"></span>do ha <span class=\"__1 _70\"></span>cumplido con <span class=\"__1 _70\"></span>la obligaci\u00f3n <span class=\"__1 _70\"></span>contenida<span class=\"__1 _6\"></span> en el pasivo o<span class=\"__1 _6\"></span> bien est\u00e9 legalmente dispensad<span class=\"__1 _6\"></span>o de la respon<span class=\"__1 _6\"></span>sabilidad p<span class=\"__1 _6\"></span>rincipal contenida en el pas<span class=\"__1 _6\"></span>ivo.<span class=\"__1 _6\"></span> Obligaciones, bo<span class=\"__1 _6\"></span>nos y deudas con e<span class=\"__1 _6\"></span>ntidades de cr\u00e9dito<span class=\"__1 _8\"></span>- Los p<span class=\"__1 _6\"></span>r\u00e9stamos, <span class=\"__1 _6\"></span>obligaciones <span class=\"__1 _6\"></span>y similares <span class=\"__1 _6\"></span>se r<span class=\"__1 _6\"></span>egistran <span class=\"__1 _6\"></span>inicialmente a <span class=\"__1 _6\"></span>valor <span class=\"__1 _6\"></span>razonab<span class=\"__1 _6\"></span>le, valor <span class=\"__1 _6\"></span>que n<span class=\"__1 _6\"></span>ormalmente coincide con el efectiv<span class=\"__1 _6\"></span>o recibido, n<span class=\"__1 _6\"></span>eto de los costes<span class=\"__1 _6\"></span> incurridos en la tran<span class=\"__1 _6\"></span>sacci\u00f3n. En periodos<span class=\"__1 _6\"></span> posteriores, la totalidad de estas d<span class=\"__1 _6\"></span>eudas se valora a su coste amortizad<span class=\"__1 _6\"></span>o, utilizando el m\u00e9todo del tipo de inter\u00e9s efectivo. Los gastos finan<span class=\"__1 _6\"></span>cieros as\u00ed como los<span class=\"__1 _6\"></span> costes de estructuraci\u00f3n, s<span class=\"__1 _6\"></span>e registran seg\u00fan el criterio del devengo en el Estado de Resultad<span class=\"__1 _6\"></span>o consolidado utiliza<span class=\"__1 _6\"></span>ndo el m\u00e9todo del inter\u00e9s efe<span class=\"__1 _6\"></span>ctivo. <span class=\"__1 _6\"></span> En <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>emisi\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>bo<span class=\"__1 _6\"></span>nos <span class=\"__1 _8\"></span>convertibles, <span class=\"__1 _4\"></span>ENCE <span class=\"__1 _8\"></span>analiza <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>i <span class=\"__1 _8\"></span>se <span class=\"__1 _4\"></span>tr<span class=\"__1 _5\"></span>ata <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>una <span class=\"__1 _8\"></span>emisi\u00f3n <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>instrumentos <span class=\"__1 _8\"></span>finan<span class=\"__1 _6\"></span>ciero<span class=\"__1 _8\"></span><span class=\"ls20\">s </span>compuestos, o <span class=\"__1 _bf\"></span>por e<span class=\"__1 _5\"></span>l <span class=\"__1 _70\"></span>contra<span class=\"__1 _6\"></span>rio, <span class=\"__1 _70\"></span>se <span class=\"__1 _70\"></span>trata <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>la <span class=\"__1 _70\"></span>emisi\u00f3n de <span class=\"__1 _70\"></span>un <span class=\"__1 _70\"></span>pasivo. <span class=\"__1 _70\"></span>En la<span class=\"__1 _5\"></span> <span class=\"__1 _70\"></span>emisi\u00f3n <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>instrumentos <span class=\"__1 _70\"></span>finan<span class=\"__1 _6\"></span>cieros compuestos <span class=\"__1 _8\"></span>con<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>componentes <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>pas<span class=\"__1 _6\"></span>ivo <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>patrimonio, <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>componente <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>patrimonio <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>determina <span class=\"__1 _8\"></span>por <span class=\"__1 _8\"></span>el<span class=\"__1 _6\"></span> importe residual que s<span class=\"__1 _6\"></span>e obtiene, des<span class=\"__1 _6\"></span>pu\u00e9s de <span class=\"__1 _6\"></span>deducir del v<span class=\"__1 _6\"></span>alor razonable del ins<span class=\"__1 _6\"></span>trumento en<span class=\"__1 _6\"></span> su conju<span class=\"__1 _6\"></span>nto, el importe del componente de pasivo. Por su parte, el componente de pasivo se determina estiman<span class=\"__1 _6\"></span>do el valor razonable <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>un <span class=\"__1 _c6\"> </span>instru<span class=\"__1 _6\"></span>mento <span class=\"__1 _c6\"> </span>similar <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c6\"> </span>fecha <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>emisi\u00f3n, <span class=\"__1 _ca\"> </span>que <span class=\"__1 _c8\"> </span>no <span class=\"__1 _ca\"> </span>lleve <span class=\"__1 _c8\"> </span>as<span class=\"__1 _6\"></span>ociado <span class=\"__1 _c6\"> </span>el <span class=\"__1 _c6\"> </span>comp<span class=\"__1 _6\"></span>onente <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>e patrimonio. <span class=\"__1 _c9\"> </span>Los <span class=\"__1 _cd\"> </span>costes <span class=\"__1 _c9\"> </span>de <span class=\"__1 _c9\"> </span>tran<span class=\"__1 _6\"></span>sacci\u00f3n <span class=\"__1 _c9\"> </span>relacionad<span class=\"__1 _6\"></span>os <span class=\"__1 _c9\"> </span>con <span class=\"__1 _c9\"> </span>la <span class=\"__1 _c9\"> </span>e<span class=\"__1 _6\"></span>misi\u00f3n <span class=\"__1 _c9\"> </span>de <span class=\"__1 _c9\"> </span>los <span class=\"__1 _cd\"> </span>instrumentos<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>financieros compuestos <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>distribuyen <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>funci\u00f3n <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>v<span class=\"__1 _6\"></span>alor <span class=\"__1 _4\"></span>contable <span class=\"__1 _4\"></span>relativo <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>cada <span class=\"__1 _4\"></span>uno <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>componentes <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>el momento de la clasificaci\u00f3n. <span class=\"__1 _8\"></span> Las <span class=\"__1 _c8\"></span>operaciones <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"></span>refinanciaci\u00f3n <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"></span>deuda <span class=\"__1 _c8\"></span>financiera <span class=\"__1 _c8\"></span>se <span class=\"__1 _c8\"></span>contabilizan <span class=\"__1 _c8\"> </span>como <span class=\"__1 _c8\"> </span>una <span class=\"__1 _c8\"> </span>cancelaci\u00f3n <span class=\"__1 _c8\"> </span>del <span class=\"__1 _c8\"></span>pasivo<span class=\"__1 _6\"></span> financiero original y el reconocimiento de un nuevo pasivo financiero, siempre que los instrumentos tengan condiciones <span class=\"__1 _4\"></span>su<span class=\"__1 _6\"></span>stancialmente <span class=\"__1 _4\"></span>diferent<span class=\"__1 _6\"></span>es. <span class=\"__1 _4\"></span>Esto <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>pro<span class=\"__1 _6\"></span>duce <span class=\"__1 _4\"></span>cuan<span class=\"__1 _6\"></span>do <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>valor <span class=\"__1 _4\"></span>actual <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>flujos <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>efectivo descontados<span class=\"__1 _6\"></span> bajo <span class=\"__1 _5\"></span>las <span class=\"__1 _5\"></span>nuevas condiciones, incluyendo cualquier <span class=\"__1 _70\"></span>comis<span class=\"__1 _6\"></span>i\u00f3n pagada neta <span class=\"__1 _70\"></span>de cualquier comisi\u00f3n recibida, y utilizando para hacer el <span class=\"__1 _5\"></span>descuento el tipo de inter\u00e9s efectivo original, difiere al menos<span class=\"__1 _6\"></span> en un 10% del valor actual descontado de los flujos de <span class=\"__1 _5\"></span>efectivo que todav\u00eda resten del pasivo financiero original. Por <span class=\"__1 _5\"></span>su parte, <span class=\"__1 _c8\"> </span>los<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>cos<span class=\"__1 _6\"></span>tes <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"> </span>estructuraci\u00f3n <span class=\"__1 _c6\"> </span>pendientes <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>imputar <span class=\"__1 _c8\"> </span>a <span class=\"__1 _c6\"> </span>resultad<span class=\"__1 _6\"></span>os <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c6\"> </span>financiaci\u00f3n <span class=\"__1 _c8\"> </span>can<span class=\"__1 _6\"></span>celada <span class=\"__1 _c8\"> </span>s<span class=\"__1 _6\"></span>e imputan \u00edntegramente a r<span class=\"__1 _6\"></span>esultad<span class=\"__1 _6\"></span>os en el momento de la ca<span class=\"__1 _6\"></span>ncelaci\u00f3n.<span class=\"__1 _1bc\"> </span>Si la operaci\u00f3n de<span class=\"__1 _5\"></span> refinanciaci\u00f3n no cumple <span class=\"__1 _5\"></span>los criterios descritos para <span class=\"__1 _5\"></span>registrarse como una cancelaci\u00f3n del<span class=\"__1 _70\"></span> pasivo <span class=\"__1 _c9\"> </span>financiero <span class=\"__1 _c9\"> </span>original, <span class=\"__1 _c9\"> </span>los <span class=\"__1 _c9\"> </span>flujos <span class=\"__1 _c9\"> </span>modificados <span class=\"__1 _c9\"> </span>se <span class=\"__1 _c9\"> </span>descu<span class=\"__1 _6\"></span>entan <span class=\"__1 _c9\"> </span>al <span class=\"__1 _c9\"> </span>tipo <span class=\"__1 _c9\"> </span>de <span class=\"__1 _cb\"> </span>inter<span class=\"__1 _6\"></span>\u00e9s <span class=\"__1 _c9\"> </span>efectivo <span class=\"__1 _c9\"> </span>original, re<span class=\"ls0_1\">conociendo <span class=\"__1 _4\"></span>en <span class=\"__1 _c8\"></span>resultados <span class=\"__1 _c8\"></span>cualquier <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>iferencia <span class=\"__1 _4\"></span>con <span class=\"__1 _c8\"></span>el <span class=\"__1 _4\"></span>valor <span class=\"__1 _c8\"></span>contable <span class=\"__1 _4\"></span>p<span class=\"__1 _6\"></span>revio. <span class=\"__1 _4\"></span>Los <span class=\"__1 _c8\"> </span>gastos <span class=\"__1 _4\"></span>finan<span class=\"__1 _6\"></span>cieros, <span class=\"__1 _4\"></span>as\u00ed </span>como <span class=\"__1 _4\"></span>los <span class=\"__1 _c8\"></span>costes <span class=\"__1 _4\"></span>de <span class=\"__1 _c8\"></span>estructuraci\u00f3n, <span class=\"__1 _4\"></span>se <span class=\"__1 _c8\"></span>registran <span class=\"__1 _4\"></span>seg\u00fan <span class=\"__1 _c8\"></span>el <span class=\"__1 _4\"></span>criterio <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>devengo <span class=\"__1 _c8\"> </span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _c8\"></span>Estado <span class=\"__1 _4\"></span>de <span class=\"__1 _c8\"></span>Resultado consolidado u<span class=\"__1 _6\"></span>tilizando el m\u00e9todo d<span class=\"__1 _6\"></span>el inter\u00e9s efe<span class=\"__1 _6\"></span>ctivo. La recompras de instrumentos de deuda im<span class=\"__1 _5\"></span>plica que la deuda queda e<span class=\"__1 _5\"></span>xtinguida, incluso en el <span class=\"__1 _5\"></span>caso de que <span class=\"__1 _5\"></span>el emisor intente revenderlo en <span class=\"__1 _6\"></span>un futu<span class=\"__1 _6\"></span>ro inmediato.<span class=\"__1 _6\"></span> Acreedores comerciale<span class=\"__1 _6\"></span>s y otras cuentas a<span class=\"__1 _6\"></span> pagar<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span>- Los <span class=\"__1 _c6\"> </span>acreedores <span class=\"__1 _c6\"> </span>comerciales <span class=\"__1 _c6\"> </span>y<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>otras <span class=\"__1 _c6\"> </span>cuentas <span class=\"__1 _c6\"> </span>a <span class=\"__1 _ca\"> </span>pagar <span class=\"__1 _c6\"> </span>derivados <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>operaciones <span class=\"__1 _c6\"> </span>comerciales <span class=\"__1 _c6\"> </span>s<span class=\"__1 _6\"></span>on <span class=\"__1 _c6\"> </span>pasivos financieros <span class=\"__1 _70\"></span>que <span class=\"__1 _70\"></span>en <span class=\"__1 _70\"></span>su<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>mayor <span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>arte <span class=\"__1 _70\"></span>presentan <span class=\"__1 _70\"></span>vencimiento<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>a <span class=\"__1 _70\"></span>corto<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>plazo <span class=\"__1 _70\"></span>y <span class=\"__1 _70\"></span>no <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>evengan <span class=\"__1 _70\"></span>intereses. <span class=\"__1 _70\"></span>Es<span class=\"__1 _6\"></span>tos <span class=\"__1 _70\"></span>sald<span class=\"__1 _6\"></span>os se registran inicialment<span class=\"__1 _6\"></span>e a su valor razon<span class=\"__1 _6\"></span>able y posteriormente a s<span class=\"__1 _6\"></span>u coste amortizad<span class=\"__1 _6\"></span>o.<span class=\"__1 _1bc\"> </span>El Grupo tiene contratadas con diversas entidades financieras operaciones de confirming <span class=\"__1 _5\"></span>para la gesti\u00f3n del pago a los proveedores. Los pasivos comerciales cuya liquidaci\u00f3n se encuentra gestionada por las entidades financieras se muestran <span class=\"__1 _5\"></span>en la <span class=\"__1 _5\"></span>partida de <span class=\"__1 _5\"></span>\u201c<span class=\"ff4\">Ac</span>re<span class=\"__1 _6\"></span>edores comerciales y <span class=\"__1 _70\"></span>otra<span class=\"__1 _6\"></span>s cuentas a <span class=\"__1 _70\"></span>paga<span class=\"__1 _6\"></span>r\u201d, y <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>e clasifican <span class=\"__1 _5\"></span>en el Estado de Flujos de Efectivo consolidado como flujos de e<span class=\"__1 _5\"></span>xplotaci\u00f3n, en la medida en que <span class=\"__1 _5\"></span>ENCE s\u00f3lo haya cedido la gesti\u00f3n de pago a<span class=\"__1 _5\"></span> las e<span class=\"__1 _5\"></span>ntidades financieras, manteni\u00e9ndose como obligado <span class=\"__1 _6\"></span>primario al pago de las<span class=\"__1 _5\"></span> deudas frente <span class=\"__1 _5\"></span>a lo<span class=\"__1 _5\"></span>s acreedores <span class=\"__1 _70\"></span>comerciales (confirming sin <span class=\"__1 _5\"></span>recurso). En <span class=\"__1 _70\"></span>caso de <span class=\"__1 _5\"></span>que el <span class=\"__1 _70\"></span>obligado primario <span class=\"__1 _5\"></span>sea una entidad fin<span class=\"__1 _6\"></span>anciera, estas cesiones s<span class=\"__1 _6\"></span>e tratan como deudas<span class=\"__1 _6\"></span> con entidad<span class=\"__1 _6\"></span>es de cr\u00e9dito.<span class=\"__1 _8\"></span> Instrumento<span class=\"__1 _6\"></span>s de Patrimonio Un  instrumento  de <span class=\"__1 _c6\"> </span>pat<span class=\"__1 _6\"></span>rimonio  representa  una <span class=\"__1 _ca\"> </span>participaci\u00f3n  residual  en <span class=\"__1 _ca\"> </span>el  patrimonio  de <span class=\"__1 _ca\"> </span>la  Sociedad Dominante, una v<span class=\"__1 _6\"></span>ez deducidos t<span class=\"__1 _6\"></span>odos sus pas<span class=\"__1 _6\"></span>ivos. Los <span class=\"__1 _8\"></span>instrumentos <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>cap<span class=\"__1 _6\"></span>ital <span class=\"__1 _6\"></span>emitidos<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>or <span class=\"__1 _8\"></span>ENCE <span class=\"__1 _6\"></span>se <span class=\"__1 _8\"></span>registran <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>patrimonio <span class=\"__1 _8\"></span>neto <span class=\"__1 _8\"></span>por <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>importe <span class=\"__1 _6\"></span>recibido,<span class=\"__1 _6\"></span> neto de los gas<span class=\"__1 _6\"></span>tos de emisi\u00f3n. Las acciones p<span class=\"__1 _6\"></span>ropias que adquiere ENCE se registran a su coste de adquis<span class=\"__1 _6\"></span>ici\u00f3n, y se presentan minorando el patrimonio neto. Los resu<span class=\"__1 _6\"></span>ltados derivados de la compra, venta, emisi\u00f3n o amortizaci\u00f3n de los instru<span class=\"__1 _6\"></span>mentos del <span class=\"__1 _8\"></span>patrimonio <span class=\"__1 _4\"></span>propio <span class=\"__1 _8\"></span>se <span class=\"__1 _4\"></span>reconocen <span class=\"__1 _8\"></span>directamente <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>atrimonio <span class=\"__1 _8\"></span>neto,<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>sin <span class=\"__1 _8\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>ning\u00fan <span class=\"__1 _4\"></span>caso <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>registre resultado algun<span class=\"__1 _6\"></span>o en el Estado de Resultado co<span class=\"__1 _6\"></span>nsolidado.<span class=\"__1 _6\"></span> La <span class=\"__1 _4\"></span>amortizaci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>acciones <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>EN<span class=\"__1 _6\"></span>CE, <span class=\"__1 _4\"></span>da <span class=\"__1 _8\"></span>lugar <span class=\"__1 _4\"></span>a <span class=\"__1 _8\"></span>u<span class=\"__1 _6\"></span>na <span class=\"__1 _4\"></span>reducci<span class=\"__1 _5\"></span>\u00f3n <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>capital <span class=\"__1 _4\"></span>por <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>importe <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>n<span class=\"__1 _6\"></span>ominal <span class=\"__1 _4\"></span>de dichas acciones y la diferencia positiva o negativa entre el precio <span class=\"__1 _5\"></span>de adquisici\u00f3n y el nominal de las acciones se carga o abon<span class=\"__1 _6\"></span>a a cuentas de reservas<span class=\"__1 _6\"></span>. Los <span class=\"__1 _6\"></span>div<span class=\"__1 _6\"></span>idendos <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>cuenta <span class=\"__1 _8\"></span>del <span class=\"__1 _6\"></span>resultado <span class=\"__1 _8\"></span>del <span class=\"__1 _6\"></span>ejercicio, <span class=\"__1 _6\"></span>as\u00ed <span class=\"__1 _8\"></span>como los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>dividend<span class=\"__1 _6\"></span>os <span class=\"__1 _6\"></span>complementarios <span class=\"__1 _8\"></span>pagados <span class=\"__1 _6\"></span>por ENCE minoran el P<span class=\"__1 _6\"></span>atrimonio Neto en el mo<span class=\"__1 _6\"></span>mento de su ap<span class=\"__1 _6\"></span>robaci\u00f3n.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> 3.8<span class=\"ff5\"> <span class=\"__1 _cc\"> </span></span><span class=\"fc3\">Instrumentos finan<span class=\"__1 _5\"></span>cieros derivado<span class=\"__1 _5\"></span>s y operaciones de <span class=\"__1 _5\"></span>cobertura </span>Las actividades del Grupo lo <span class=\"__1 _5\"></span>exponen principalmente a riesgos financieros y <span class=\"__1 _5\"></span>de mercado de<span class=\"__1 _5\"></span>rivados de; 1) las variaciones de los tipos de ca<span class=\"__1 _5\"></span>mbio d\u00f3lar/euro que afectan principalmente a sus ventas de <span class=\"__1 _5\"></span>celulosa al cotizar el <span class=\"__1 _6\"></span>precio <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>pasta <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>papel <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>mercado <span class=\"__1 _6\"></span>internacional <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>d\u00f3lares, <span class=\"__1 _8\"></span>2) <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>propias <span class=\"__1 _8\"></span>variaciones <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>tip<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>de cambio por <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>ventas <span class=\"__1 _6\"></span>en div<span class=\"__1 _6\"></span>isa, 3) <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>variaciones <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el pr<span class=\"__1 _6\"></span>ecio d<span class=\"__1 _6\"></span>e la c<span class=\"__1 _6\"></span>elulo<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>a, d<span class=\"__1 _6\"></span>el fuel<span class=\"__1 _6\"></span>-oil, <span class=\"__1 _6\"></span>el gas <span class=\"__1 _6\"></span>y la <span class=\"__1 _6\"></span>energ\u00eda<span class=\"__1 _6\"></span> el\u00e9ctrica, <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>4) <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>evoluci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>tipos <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>in<span class=\"__1 _6\"></span>ter\u00e9s. <span class=\"__1 _4\"></span>Para <span class=\"__1 _4\"></span>cubrir <span class=\"__1 _4\"></span>estas <span class=\"__1 _4\"></span>exposiciones <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>Gru<span class=\"__1 _6\"></span>po <span class=\"__1 _4\"></span>puede <span class=\"__1 _4\"></span>utilizar<span class=\"__1 _1bc\"> </span>instrumentos <span class=\"__1 _4\"></span>financieros <span class=\"__1 _4\"></span>derivados<span class=\"__1 _6\"></span>. <span class=\"__1 _4\"></span>No <span class=\"__1 _8\"></span>es <span class=\"__1 _4\"></span>pol\u00edtica <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>ENCE <span class=\"__1 _8\"></span>con<span class=\"__1 _6\"></span>tratar <span class=\"__1 _4\"></span>instrumentos <span class=\"__1 _4\"></span>financieros <span class=\"__1 _4\"></span>derivados<span class=\"__1 _1bc\"> </span>con fines especulativo<span class=\"__1 _6\"></span>s.<span class=\"__1 _1bc\"> </span>Estos <span class=\"__1 _cb\"> </span>instrumentos <span class=\"__1 _cb\"> </span>financieros <span class=\"__1 _cb\"> </span>se  v<span class=\"__1 _6\"></span>aloran <span class=\"__1 _cb\"> </span>en  to<span class=\"__1 _6\"></span>do <span class=\"__1 _cb\"> </span>momento <span class=\"__1 _cb\"> </span>a  su <span class=\"__1 _cb\"> </span>valor <span class=\"__1 _cb\"> </span>razonable, <span class=\"__1 _cb\"> </span>registr\u00e1ndose <span class=\"__1 _cb\"> </span>las<span class=\"__1 _1bc\"> </span>variaciones <span class=\"__1 _5\"></span>en <span class=\"__1 _70\"></span>el <span class=\"__1 _70\"></span>ep\u00edgraf<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>\u201cIns<span class=\"__1 _6\"></span>trumentos <span class=\"__1 _5\"></span>financieros <span class=\"__1 _70\"></span>derivad<span class=\"__1 _6\"></span>os\u201d <span class=\"__1 _5\"></span>del <span class=\"__1 _70\"></span>pas<span class=\"__1 _6\"></span>ivo <span class=\"__1 _70\"></span>del <span class=\"__1 _70\"></span>Es<span class=\"__1 _6\"></span>tado <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>Situaci\u00f3n <span class=\"__1 _5\"></span>Financiera<span class=\"__1 _1bc\"> </span>consolidado s<span class=\"__1 _6\"></span>i son negativas<span class=\"__1 _6\"></span><span class=\"ff6\">, y como \u201cActivos finan<span class=\"__1 _6\"></span>cieros \u2013</span> <span class=\"ff6\">Derivado<span class=\"__1 _6\"></span>s de cobertura\u201d s<span class=\"__1 _6\"></span>i son positiv<span class=\"__1 _6\"></span>as. </span>Los <span class=\"__1 _6\"></span>beneficios <span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>p\u00e9rdidas<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e dichas<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>fluctuaciones <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>registran <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>Estad<span class=\"__1 _6\"></span>o de <span class=\"__1 _6\"></span>Resultad<span class=\"__1 _6\"></span>o<span class=\"__1 _8\"></span> consolida<span class=\"__1 _6\"></span>do <span class=\"__1 _6\"></span>como<span class=\"__1 _1bc\"> </span>un re<span class=\"__1 _5\"></span>sultado financiero, <span class=\"__1 _70\"></span>salv<span class=\"__1 _6\"></span>o <span class=\"__1 _70\"></span>que e<span class=\"__1 _5\"></span>l <span class=\"__1 _5\"></span>derivado o <span class=\"__1 _70\"></span>una parte <span class=\"__1 _70\"></span>del <span class=\"__1 _5\"></span>mismo <span class=\"__1 _70\"></span>h<span class=\"__1 _6\"></span>aya sido <span class=\"__1 _70\"></span>designa<span class=\"__1 _6\"></span>do <span class=\"__1 _70\"></span>como instrumento<span class=\"__1 _1bc\"> </span>de cobertura y \u00e9sta<span class=\"__1 _6\"></span> sea altamente efectiva, en<span class=\"__1 _6\"></span> cuyo caso s<span class=\"__1 _6\"></span>u registro es el siguiente: 1.<span class=\"ls0_1\"> <span class=\"__1 _a8\"> </span>Coberturas de <span class=\"__1 _6\"></span>valor ra<span class=\"__1 _6\"></span>zonable: el <span class=\"__1 _6\"></span>elemento cubierto <span class=\"__1 _6\"></span>se <span class=\"__1 _8\"></span>valora <span class=\"__1 _6\"></span>por <span class=\"__1 _6\"></span>su valor <span class=\"__1 _6\"></span>razonab<span class=\"__1 _6\"></span>le al igual <span class=\"__1 _6\"></span>que el<span class=\"__1 _1bc\"> </span></span>instrumento <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>cobertura<span class=\"__1 _6\"></span>, <span class=\"__1 _70\"></span>registr\u00e1nd<span class=\"__1 _6\"></span>ose <span class=\"__1 _70\"></span>las <span class=\"__1 _5\"></span>variaciones <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>valor <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>ambos <span class=\"__1 _70\"></span>en e<span class=\"__1 _5\"></span>l <span class=\"__1 _70\"></span>Estado <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>Resultado<span class=\"__1 _1bc\"> </span>consolidado<span class=\"__1 _6\"></span><span class=\"ls17\">. </span>2.<span class=\"ls0_1\"> <span class=\"__1 _a8\"> </span>Coberturas de <span class=\"__1 _70\"></span>flujos<span class=\"__1 _6\"></span> de <span class=\"__1 _70\"></span>efectivo: la <span class=\"__1 _5\"></span>parte ef<span class=\"__1 _5\"></span>icaz de <span class=\"__1 _70\"></span>los cambios en <span class=\"__1 _70\"></span>el valor <span class=\"__1 _5\"></span>razonable de <span class=\"__1 _5\"></span>los<span class=\"__1 _6\"></span> derivados<span class=\"__1 _1bc\"> </span></span>que se <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>esignan y <span class=\"__1 _70\"></span>califican como coberturas de <span class=\"__1 _70\"></span>flujos de ef<span class=\"__1 _5\"></span>ectivo se <span class=\"__1 _70\"></span>recon<span class=\"__1 _6\"></span>oce <span class=\"__1 _5\"></span>en el <span class=\"__1 _70\"></span>ep\u00edgrafe \u201cAjustes<span class=\"__1 _1bc\"> </span>en <span class=\"__1 _c6\"> </span>p<span class=\"__1 _6\"></span>atrimonio  por<span class=\"__1 _5\"></span> <span class=\"__1 _ca\"> </span>valoraci\u00f3n\u201d <span class=\"__1 _ca\"> </span>del  \u201cEstado <span class=\"__1 _c6\"> </span>de  Resultado <span class=\"__1 _c6\"> </span>Global  consolidado\u201d. <span class=\"__1 _c6\"> </span>La  ganancia <span class=\"__1 _c6\"> </span>o  la<span class=\"__1 _1bc\"> </span>p\u00e9rdida <span class=\"__1 _4\"></span>relacionada <span class=\"__1 _4\"></span>con <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>parte <span class=\"__1 _4\"></span>ineficaz <span class=\"__1 _8\"></span>se <span class=\"__1 _4\"></span>recon<span class=\"__1 _6\"></span>oce <span class=\"__1 _4\"></span>inmediatamente <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _4\"></span>Estado <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>Resu<span class=\"__1 _6\"></span>ltado<span class=\"__1 _1bc\"> </span>consolidado,<span class=\"__1 _6\"></span> <span class=\"ff6\">en el ep\u00edgrafe \u201cVariaci\u00f3n<span class=\"__1 _6\"></span> en valor razon<span class=\"__1 _6\"></span>able de instru<span class=\"__1 _6\"></span>mentos financieros\u201d<span class=\"__1 _6\"></span></span><span class=\"ls17\">. </span>Cuando <span class=\"__1 _ca\"> </span>los <span class=\"__1 _c6\"> </span>con<span class=\"__1 _6\"></span>tratos <span class=\"__1 _ca\"> </span>de <span class=\"__1 _c6\"> </span>opci\u00f3n <span class=\"__1 _c6\"> </span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _c6\"> </span>usan<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>para  cubrir <span class=\"__1 _c6\"> </span>transacciones <span class=\"__1 _c6\"> </span>p<span class=\"__1 _6\"></span>revistas,  e<span class=\"__1 _5\"></span>l <span class=\"__1 _c6\"> </span>grupo <span class=\"__1 _ca\"> </span>eval\u00faa <span class=\"__1 _c6\"> </span>s<span class=\"__1 _6\"></span>i <span class=\"__1 _c6\"> </span>dichas<span class=\"__1 _1bc\"> </span>transacciones  son <span class=\"__1 _c6\"> </span>al<span class=\"__1 _6\"></span>tamente <span class=\"__1 _c6\"> </span>p<span class=\"__1 _6\"></span>robables, <span class=\"__1 _ca\"> </span>y  e<span class=\"__1 _5\"></span>n <span class=\"__1 _ca\"> </span>ese <span class=\"__1 _c6\"> </span>caso  designa <span class=\"__1 _c6\"> </span>tanto<span class=\"__1 _6\"></span> <span class=\"__1 _ca\"> </span>el <span class=\"__1 _c6\"> </span>valo<span class=\"__1 _6\"></span>r <span class=\"__1 _c6\"> </span>intr\u00ednseco  como <span class=\"__1 _c6\"> </span>el <span class=\"__1 _ca\"> </span>valor<span class=\"__1 _1bc\"> </span>temporal del contrato d<span class=\"__1 _6\"></span>e opci\u00f3n como in<span class=\"__1 _6\"></span>strumento de cob<span class=\"__1 _6\"></span>ertura.<span class=\"__1 _6\"></span> Al <span class=\"__1 _6\"></span>inicio <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>cobertura, <span class=\"__1 _6\"></span>EN<span class=\"__1 _6\"></span>CE <span class=\"__1 _8\"></span>designa <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>documenta <span class=\"__1 _6\"></span>formalmente<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>las <span class=\"__1 _8\"></span>relaciones <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>cobertura, <span class=\"__1 _8\"></span>as\u00ed <span class=\"__1 _6\"></span>como <span class=\"__1 _8\"></span>el<span class=\"__1 _1bc\"> </span>objetivo y la <span class=\"__1 _70\"></span>estrategia que asume <span class=\"__1 _70\"></span>con respecto a <span class=\"__1 _5\"></span>las mismas. La <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>ocumentaci\u00f3n incluye <span class=\"__1 _5\"></span>la identificaci\u00f3n <span class=\"__1 _5\"></span>del<span class=\"__1 _1bc\"> </span>instrumento de cob<span class=\"__1 _6\"></span>ertura, la partida cubierta,<span class=\"__1 _6\"></span> la naturaleza del riesgo cubierto y la forma <span class=\"__1 _6\"></span>en la que se mide<span class=\"__1 _1bc\"> </span>la eficacia de la cobertu<span class=\"__1 _6\"></span>ra. Igualmente, al <span class=\"__1 _70\"></span>in<span class=\"__1 _6\"></span>icio de <span class=\"__1 _70\"></span>la cobertura y <span class=\"__1 _5\"></span>de f<span class=\"__1 _5\"></span>orma continua ENCE <span class=\"__1 _70\"></span>eval\u00fa<span class=\"__1 _6\"></span>a si <span class=\"__1 _70\"></span>la cobertura es <span class=\"__1 _70\"></span>efi<span class=\"__1 _6\"></span>caz. Dicha <span class=\"__1 _70\"></span>eficacia<span class=\"__1 _1bc\"> </span>se <span class=\"__1 _4\"></span>verifica <span class=\"__1 _4\"></span>a <span class=\"__1 _8\"></span>trav<span class=\"__1 _6\"></span>\u00e9s <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>\u201ctest <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>ficacia\u201d <span class=\"__1 _4\"></span>donde <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>chequea <span class=\"__1 _4\"></span>si <span class=\"__1 _4\"></span>es <span class=\"__1 _4\"></span>esperable <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>rospectiv<span class=\"__1 _6\"></span>amente <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>los<span class=\"__1 _1bc\"> </span>cambios en <span class=\"__1 _5\"></span>el <span class=\"__1 _5\"></span>valor razonable o <span class=\"__1 _70\"></span>en los flujos <span class=\"__1 _5\"></span>de efectivo <span class=\"__1 _5\"></span>de la <span class=\"__1 _5\"></span>partida cubierta (atribuibles al <span class=\"__1 _70\"></span>riesgo cubierto)<span class=\"__1 _1bc\"> </span>se compensen razonablemente con los correspondientes al instrumento de cobertura. El<span class=\"__1 _5\"></span> valor razonable de<span class=\"__1 _1bc\"> </span>los <span class=\"__1 _4\"></span>derivados <span class=\"__1 _4\"></span>incluye <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>ajuste <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>riesgo <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>cr<span class=\"__1 _6\"></span>\u00e9dito <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>forma <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>sus <span class=\"__1 _4\"></span>variaciones <span class=\"__1 _4\"></span>son <span class=\"__1 _4\"></span>c<span class=\"__1 _5\"></span>ons<span class=\"__1 _8\"></span>ideradas<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>la<span class=\"__1 _1bc\"> </span>medici\u00f3n de la eficacia.<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _4\"></span>Grupo <span class=\"__1 _8\"></span>realiza <span class=\"__1 _4\"></span>una <span class=\"__1 _4\"></span>evaluaci\u00f3n <span class=\"__1 _8\"></span>cualitat<span class=\"__1 _6\"></span>iva <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>eficacia, <span class=\"__1 _8\"></span>siempre <span class=\"__1 _4\"></span>que <span class=\"__1 _8\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>condiciones <span class=\"__1 _8\"></span>fun<span class=\"__1 _6\"></span>damentales <span class=\"__1 _4\"></span>del<span class=\"__1 _1bc\"> </span>instrumento <span class=\"__1 _8\"></span>y d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>par<span class=\"__1 _6\"></span>tida <span class=\"__1 _6\"></span>cubierta <span class=\"__1 _6\"></span>coincidan. <span class=\"__1 _8\"></span>Cuando <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>con<span class=\"__1 _6\"></span>diciones <span class=\"__1 _6\"></span>fun<span class=\"__1 _6\"></span>damentales <span class=\"__1 _6\"></span>no <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>on <span class=\"__1 _6\"></span>plenamente<span class=\"__1 _1bc\"> </span>coincidentes, <span class=\"__1 _ca\"> </span>el <span class=\"__1 _c6\"> </span>Grupo<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>utiliza  un <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>erivado <span class=\"__1 _c6\"> </span>h<span class=\"__1 _6\"></span>ipot\u00e9tico <span class=\"__1 _c6\"> </span>con<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>condiciones<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>fundamentales  equivalentes <span class=\"__1 _c6\"> </span>a <span class=\"__1 _c6\"> </span>la<span class=\"__1 _1bc\"> </span>partida cubierta p<span class=\"__1 _6\"></span>ara evaluar y medir la inefica<span class=\"__1 _6\"></span>cia.<span class=\"__1 _1bc\"> </span>ENCE <span class=\"__1 _6\"></span>interrumpe <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>relaci\u00f3n <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e cob<span class=\"__1 _6\"></span>ertura <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>forma <span class=\"__1 _6\"></span>prosp<span class=\"__1 _6\"></span>ectiva <span class=\"__1 _6\"></span>s\u00f3lo <span class=\"__1 _6\"></span>cuand<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>toda <span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>parte <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>relaci\u00f3n <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span>cobertura <span class=\"__1 _6\"></span>deja <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>cu<span class=\"__1 _6\"></span>mplir los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>requisito<span class=\"__1 _6\"></span>s <span class=\"__1 _6\"></span>cualificados. <span class=\"__1 _6\"></span>Es<span class=\"__1 _6\"></span>to <span class=\"__1 _6\"></span>incluye las<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>situaciones <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>instrumento<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _70\"></span>cobertura expira, <span class=\"__1 _70\"></span>es <span class=\"__1 _70\"></span>vendid<span class=\"__1 _6\"></span>o, <span class=\"__1 _70\"></span>o <span class=\"__1 _5\"></span>ejercido, e<span class=\"__1 _5\"></span>l <span class=\"__1 _70\"></span>objetivo<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>gesti\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>del <span class=\"__1 _5\"></span>riesgo <span class=\"__1 _70\"></span>ha cambiado, <span class=\"__1 _70\"></span>el <span class=\"__1 _70\"></span>efecto <span class=\"__1 _5\"></span>del <span class=\"__1 _70\"></span>riesgo<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _6\"></span>cr\u00e9dito <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>omina <span class=\"__1 _8\"></span>los <span class=\"__1 _6\"></span>cambio<span class=\"__1 _6\"></span>s <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>valor,<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>instru<span class=\"__1 _6\"></span>mento <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>cobertura <span class=\"__1 _8\"></span>llega <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>encimiento <span class=\"__1 _8\"></span>o <span class=\"__1 _6\"></span>es <span class=\"__1 _8\"></span>liquidado, <span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>deja <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>existir <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>subyacent<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>cubierto. <span class=\"__1 _4\"></span>A <span class=\"__1 _8\"></span>estos<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>fectos, <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>ustituci\u00f3n <span class=\"__1 _4\"></span>o <span class=\"__1 _4\"></span>renovaci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>un <span class=\"__1 _8\"></span>ins<span class=\"__1 _6\"></span>trumento <span class=\"__1 _4\"></span>de<span class=\"__1 _1bc\"> </span>cobertura <span class=\"__1 _c8\"></span>no <span class=\"__1 _c8\"></span>es <span class=\"__1 _4\"></span>una <span class=\"__1 _c8\"> </span>expiraci\u00f3n <span class=\"__1 _c8\"> </span>o <span class=\"__1 _c8\"></span>finalizaci\u00f3n, <span class=\"__1 _c8\"></span>siempre <span class=\"__1 _4\"></span>que <span class=\"__1 _c8\"></span>la <span class=\"__1 _c8\"></span>operaci\u00f3n <span class=\"__1 _c8\"></span>sea <span class=\"__1 _4\"></span>cons<span class=\"__1 _8\"></span>istente <span class=\"__1 _c8\"></span>con <span class=\"__1 _c8\"></span>el <span class=\"__1 _4\"></span>objetivo<span class=\"__1 _1bc\"> </span>documentado de gesti\u00f3n<span class=\"__1 _6\"></span> de riesgo del Grupo.<span class=\"__1 _1bc\"> </span>En <span class=\"__1 _c6\"> </span>las <span class=\"__1 _c8\"> </span>cob<span class=\"__1 _6\"></span>erturas <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c8\"> </span>los<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>flujos <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>efectivo, <span class=\"__1 _c6\"> </span>tras <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c8\"> </span>interrup<span class=\"__1 _6\"></span>ci\u00f3n <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c6\"> </span>relaci\u00f3n <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"> </span>cob<span class=\"__1 _6\"></span>ertura, <span class=\"__1 _c6\"> </span>el <span class=\"__1 _c8\"> </span>importe<span class=\"__1 _1bc\"> </span>acumulado <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>Otro <span class=\"__1 _6\"></span>Resultad<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>Global <span class=\"__1 _6\"></span>no <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>reconoce <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>res<span class=\"__1 _6\"></span>ultados <span class=\"__1 _6\"></span>h<span class=\"__1 _6\"></span>asta q<span class=\"__1 _6\"></span>ue <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>transacci\u00f3n<span class=\"__1 _6\"></span> p<span class=\"__1 _6\"></span>revista <span class=\"__1 _6\"></span>tenga<span class=\"__1 _1bc\"> </span>lugar. As\u00ed <span class=\"__1 _6\"></span>mismo, los<span class=\"__1 _6\"></span> importes <span class=\"__1 _6\"></span>acumulados<span class=\"__1 _6\"></span> en <span class=\"__1 _6\"></span>Otro Resu<span class=\"__1 _6\"></span>ltado Global <span class=\"__1 _6\"></span>se reclasifican <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>ingresos <span class=\"__1 _6\"></span>o gas<span class=\"__1 _6\"></span>tos<span class=\"__1 _1bc\"> </span>financieros cuand<span class=\"__1 _6\"></span>o el Grupo no espera q<span class=\"__1 _6\"></span>ue la transacci\u00f3n<span class=\"__1 _6\"></span> prevista vaya a pro<span class=\"__1 _6\"></span>ducirse.<span class=\"__1 _1bc\"> </span>Los <span class=\"__1 _c8\"></span>derivados <span class=\"__1 _c8\"></span>impl\u00edcitos <span class=\"__1 _c8\"></span>en <span class=\"__1 _4\"></span>otros <span class=\"__1 _c8\"> </span>inst<span class=\"__1 _6\"></span>rumentos <span class=\"__1 _c8\"></span>financieros <span class=\"__1 _c8\"></span>son <span class=\"__1 _4\"></span>con<span class=\"__1 _6\"></span>tabilizados <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>eparadamente <span class=\"__1 _4\"></span>cuan<span class=\"__1 _6\"></span>do <span class=\"__1 _c8\"></span>el<span class=\"__1 _1bc\"> </span>Grupo <span class=\"__1 _5\"></span>considera que <span class=\"__1 _70\"></span>sus <span class=\"__1 _5\"></span>caracter\u00edsticas <span class=\"__1 _5\"></span>y <span class=\"__1 _5\"></span>riesgos <span class=\"__1 _5\"></span>no <span class=\"__1 _70\"></span>est\u00e1n es<span class=\"__1 _5\"></span>trechamente relacionados <span class=\"__1 _70\"></span>con<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>los <span class=\"__1 _70\"></span>ins<span class=\"__1 _6\"></span>trumentos<span class=\"__1 _1bc\"> </span>financieros <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>los <span class=\"__1 _8\"></span>que <span class=\"__1 _4\"></span>se <span class=\"__1 _8\"></span>encuentran <span class=\"__1 _4\"></span>impl\u00edcitos, <span class=\"__1 _8\"></span>siempre <span class=\"__1 _8\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>in<span class=\"__1 _6\"></span>strumento <span class=\"__1 _8\"></span>f<span class=\"__1 _6\"></span>inancier<span class=\"__1 _8\"></span>o <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>cuesti\u00f3n <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>su<span class=\"__1 _1bc\"> </span>conjunto no <span class=\"__1 _70\"></span>est\u00e9 siendo <span class=\"__1 _70\"></span>con<span class=\"__1 _6\"></span>tabilizado <span class=\"__1 _5\"></span>a <span class=\"__1 _5\"></span>valor razonable <span class=\"__1 _70\"></span>con cambios <span class=\"__1 _70\"></span>en resultados. <span class=\"__1 _5\"></span>ENCE <span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>o <span class=\"__1 _5\"></span>tiene <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>erivados<span class=\"__1 _1bc\"> </span>impl\u00edcitos que sean o<span class=\"__1 _6\"></span>bjeto de contab<span class=\"__1 _6\"></span>ilidad separad<span class=\"__1 _6\"></span>a.<span class=\"__1 _1bc\"> </span>Valor razonable de los<span class=\"__1 _6\"></span> instrumento<span class=\"__1 _6\"></span>s financieros derivados<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _4\"></span>valor <span class=\"__1 _8\"></span>razon<span class=\"__1 _6\"></span>able <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>distintos <span class=\"__1 _8\"></span>instrumentos<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>f<span class=\"__1 _5\"></span>inancieros <span class=\"__1 _4\"></span>se <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>etermina <span class=\"__1 _8\"></span>utiliza<span class=\"__1 _6\"></span>ndo <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>siguiente <span class=\"__1 _4\"></span>jerarqu\u00eda<span class=\"__1 _1bc\"> </span>establecida en NIIF 13:<span class=\"__1 _1bc\"> </span>\u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4 fc0_1\">Nivel 1: p<span class=\"__1 _6\"></span>or observaci\u00f3n d<span class=\"__1 _6\"></span>irecta de la cotizaci\u00f3n en mercad<span class=\"__1 _6\"></span>os activ<span class=\"__1 _6\"></span>os, de activos y pas<span class=\"__1 _6\"></span>ivos id\u00e9nticos. </span></span>\u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4 fc0_1\">Nivel <span class=\"__1 _6\"></span>2: <span class=\"__1 _6\"></span>empleando <span class=\"__1 _6\"></span>inpu<span class=\"__1 _6\"></span>ts <span class=\"__1 _6\"></span>disponibles <span class=\"__1 _8\"></span>en mercados<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>activos, <span class=\"__1 _6\"></span>diferentes <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>precios <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>cotizaci\u00f3n, <span class=\"__1 _6\"></span>que<span class=\"__1 _1bc\"> </span></span></span>son aplicables<span class=\"__1 _6\"></span> a los activos y pasivo<span class=\"__1 _6\"></span>s, tanto directa como indirectamente.<span class=\"__1 _1bc\"> </span>\u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4 fc0_1\">Nivel <span class=\"__1 _4\"></span>3: <span class=\"__1 _4\"></span>utilizando <span class=\"__1 _4\"></span>t\u00e9cnicas <span class=\"__1 _4\"></span>de<span class=\"__1 _5\"></span> <span class=\"__1 _4\"></span>valoraci\u00f3n <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>incluyen <span class=\"__1 _4\"></span>inp<span class=\"__1 _5\"></span>uts <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>no <span class=\"__1 _4\"></span>est\u00e1n <span class=\"__1 _8\"></span>dispon<span class=\"__1 _6\"></span>ibles <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>n <span class=\"__1 _4\"></span>mercados<span class=\"__1 _1bc\"> </span></span></span>activos.<span class=\"__1 _1bc\"> </span>La <span class=\"__1 _8\"></span>determinaci\u00f3n <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>valor <span class=\"__1 _4\"></span>ra<span class=\"__1 _5\"></span>zonable <span class=\"__1 _8\"></span>para <span class=\"__1 _8\"></span>cada <span class=\"__1 _8\"></span>uno <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>principales <span class=\"__1 _8\"></span>instru<span class=\"__1 _6\"></span>mentos <span class=\"__1 _8\"></span>financieros <span class=\"__1 _8\"></span>derivados<span class=\"__1 _1bc\"> </span>se lleva a cabo con el asesoramiento de expertos en<span class=\"__1 _6\"></span> este tipo de instrumentos finan<span class=\"__1 _6\"></span>cieros, <span class=\"__1 _6\"></span>a partir de datos<span class=\"__1 _1bc\"> </span>facilitados por agencias<span class=\"__1 _6\"></span> de informaci\u00f3n o d<span class=\"__1 _6\"></span>atos d<span class=\"__1 _6\"></span>e organismos oficiales<span class=\"__1 _6\"></span>, del siguiente <span class=\"__1 _6\"></span>modo:<span class=\"__1 _1bc\"> </span>\u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4 fc0_1\">El <span class=\"__1 _6\"></span>valo<span class=\"__1 _6\"></span>r <span class=\"__1 _6\"></span>razonable <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>per<span class=\"__1 _6\"></span>mutas <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>tipo <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>inter\u00e9s<span class=\"__1 _6\"></span> es<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>calculado <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>l v<span class=\"__1 _6\"></span>alor <span class=\"__1 _6\"></span>actualiza<span class=\"__1 _6\"></span>do <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>tipos <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span></span></span>inter\u00e9s de mercado del diferencial de tipos del <span class=\"__1 _5\"></span>contrato de permuta. Dicha actualizaci\u00f3n se lleva a cabo<span class=\"__1 _1bc\"> </span>a p<span class=\"ls0_1\">artir de las curv<span class=\"__1 _6\"></span>as de tipos swap a largo plaz<span class=\"__1 _6\"></span>o.<span class=\"__1 _1bc\"> </span></span>\u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4 fc0_1\">En<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>el <span class=\"__1 _c6\"> </span>cas<span class=\"__1 _6\"></span>o <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>los <span class=\"__1 _ca\"> </span>contratos <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>tip<span class=\"__1 _6\"></span>o <span class=\"__1 _c6\"> </span>de <span class=\"__1 _ca\"> </span>cambio <span class=\"__1 _c6\"> </span>a <span class=\"__1 _c6\"> </span>futu<span class=\"__1 _6\"></span>ro, <span class=\"__1 _c6\"> </span>su <span class=\"__1 _c6\"> </span>valo<span class=\"__1 _6\"></span>raci\u00f3n <span class=\"__1 _c6\"> </span>se <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>etermina <span class=\"__1 _c6\"> </span>utilizand<span class=\"__1 _6\"></span>o <span class=\"__1 _c6\"> </span>las<span class=\"__1 _1bc\"> </span></span></span>cotizaciones <span class=\"__1 _c6\"> </span>del <span class=\"__1 _c8\"> </span>conta<span class=\"__1 _6\"></span>do <span class=\"__1 _c8\"> </span>del <span class=\"__1 _c8\"> </span>tip<span class=\"__1 _6\"></span>o <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"> </span>cambio <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c6\"> </span>las <span class=\"__1 _c6\"> </span>curvas <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>tipos <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>inter\u00e9s <span class=\"__1 _c6\"> </span>a <span class=\"__1 _c8\"> </span>plazo <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>las <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>ivisas<span class=\"__1 _1bc\"> </span>implicadas, as<span class=\"__1 _6\"></span>\u00ed como el empleo de la v<span class=\"__1 _6\"></span>olatilidad impl\u00edcita h<span class=\"__1 _6\"></span>asta el vencimient<span class=\"__1 _6\"></span>o en el cas<span class=\"__1 _6\"></span>o de opcion<span class=\"__1 _6\"></span>es<span class=\"ls17\">. </span>\u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4 fc0_1\">El  valor <span class=\"__1 _c6\"> </span>razonable <span class=\"__1 _ca\"> </span>de <span class=\"__1 _c6\"> </span>los  contratos <span class=\"__1 _c6\"> </span>de  compraventa <span class=\"__1 _c6\"> </span>de <span class=\"__1 _ca\"> </span>elementos <span class=\"__1 _c6\"> </span>n<span class=\"__1 _6\"></span>o <span class=\"__1 _c6\"> </span>financi<span class=\"__1 _6\"></span>eros <span class=\"__1 _c6\"> </span>a  los <span class=\"__1 _c6\"> </span>que <span class=\"__1 _ca\"> </span>es <span class=\"__1 _c6\"> </span>de<span class=\"__1 _1bc\"> </span></span></span>aplicaci\u00f3n la <span class=\"__1 _6\"></span>NIIF <span class=\"__1 _6\"></span>9 (pre<span class=\"__1 _6\"></span>cio de <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>celulosa <span class=\"__1 _6\"></span>y precio <span class=\"__1 _6\"></span>de la <span class=\"__1 _6\"></span>ener<span class=\"__1 _6\"></span>g\u00eda principa<span class=\"__1 _6\"></span>lmente) se <span class=\"__1 _6\"></span>calcula <span class=\"__1 _6\"></span>a p<span class=\"__1 _6\"></span>artir de <span class=\"__1 _6\"></span>la<span class=\"__1 _1bc\"> </span>mejor <span class=\"__1 _6\"></span>estima<span class=\"__1 _6\"></span>ci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>cu<span class=\"__1 _6\"></span>rvas <span class=\"__1 _8\"></span>futuras <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>precios <span class=\"__1 _8\"></span>de<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>dichos <span class=\"__1 _6\"></span>elementos <span class=\"__1 _8\"></span>no <span class=\"__1 _8\"></span>financieros, <span class=\"__1 _8\"></span>existente <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>la<span class=\"__1 _1bc\"> </span>fecha de cierre, utilizando, en la medida de lo posible, los precios establecidos en los mercados<span class=\"__1 _6\"></span> a plazo.<span class=\"__1 _1bc\"> </span>En <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>utilizaci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>estos<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>modelos d<span class=\"__1 _6\"></span>e v<span class=\"__1 _6\"></span>aloraci\u00f3n <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>tienen <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>cuenta <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>riesgos<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>activo <span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>p<span class=\"__1 _8\"></span>asivo <span class=\"__1 _6\"></span>lleva<span class=\"__1 _1bc\"> </span>asociados, <span class=\"__1 _4\"></span>entre <span class=\"__1 _4\"></span>ellos <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>riesgo <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>cr\u00e9dito <span class=\"__1 _4\"></span>tanto <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>contraparte <span class=\"__1 _4\"></span>(Credit <span class=\"__1 _4\"></span>Valu<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>Adjustment) <span class=\"__1 _4\"></span>como <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>la<span class=\"__1 _1bc\"> </span>propia <span class=\"__1 _c8\"></span>entidad <span class=\"__1 _4\"></span>(Debit <span class=\"__1 _c8\"></span>Value <span class=\"__1 _4\"></span>Ad<span class=\"__1 _6\"></span>justment). <span class=\"__1 _c8\"></span>El <span class=\"__1 _4\"></span>riesgo <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>cr\u00e9d<span class=\"__1 _6\"></span>ito <span class=\"__1 _4\"></span>se <span class=\"__1 _c8\"></span>calcula <span class=\"__1 _4\"></span>de <span class=\"__1 _c8\"></span>acuerdo <span class=\"__1 _4\"></span>c<span class=\"__1 _6\"></span>on <span class=\"__1 _4\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>par\u00e1metros<span class=\"__1 _1bc\"> </span>exposici\u00f3n, prob<span class=\"__1 _6\"></span>abilidad de incumpli<span class=\"__1 _6\"></span>miento y s<span class=\"__1 _6\"></span>everidad. Los <span class=\"__1 _8\"></span>valores <span class=\"__1 _8\"></span>obtenido<span class=\"__1 _6\"></span>s <span class=\"__1 _8\"></span>utilizando <span class=\"__1 _8\"></span>estas <span class=\"__1 _8\"></span>t\u00e9cnicas <span class=\"__1 _8\"></span>son <span class=\"__1 _8\"></span>contrastados<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>con <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>entidades <span class=\"__1 _8\"></span>financieras <span class=\"__1 _8\"></span>con <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>que<span class=\"__1 _1bc\"> </span>ENCE tiene contrata<span class=\"__1 _6\"></span>dos estos instrumentos<span class=\"__1 _6\"></span> financieros.<span class=\"__1 _1bc\"> </span>Las  valoraciones  a  valor  razonable  realizadas  sobre  los  diferentes  instru<span class=\"__1 _6\"></span>mentos<span class=\"__1 _6\"></span>  financieros  derivados,<span class=\"__1 _1bc\"> </span>quedan <span class=\"__1 _6\"></span>encuadradas<span class=\"__1 _6\"></span> en <span class=\"__1 _6\"></span>el nivel 2 <span class=\"__1 _6\"></span>de la <span class=\"__1 _6\"></span>jerarqu\u00eda <span class=\"__1 _6\"></span>de valo<span class=\"__1 _6\"></span>res razonab<span class=\"__1 _6\"></span>les esta<span class=\"__1 _6\"></span>blecida por <span class=\"__1 _6\"></span>la NIIF <span class=\"__1 _6\"></span>13, po<span class=\"__1 _6\"></span>r estar<span class=\"__1 _1bc\"> </span>los inputs basad<span class=\"__1 _6\"></span>os en precios cotizados p<span class=\"__1 _6\"></span>ara instrumentos similares en mercados a<span class=\"__1 _6\"></span>ctivos (no incluidos en el<span class=\"__1 _1bc\"> </span>nivel <span class=\"__1 _70\"></span>1), <span class=\"__1 _5\"></span>precios <span class=\"__1 _70\"></span>cot<span class=\"__1 _6\"></span>izados <span class=\"__1 _5\"></span>para <span class=\"__1 _70\"></span>instru<span class=\"__1 _6\"></span>mentos <span class=\"__1 _70\"></span>id\u00e9nticos<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>o <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>imilares <span class=\"__1 _70\"></span>en <span class=\"__1 _70\"></span>mercados<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>que no <span class=\"__1 _70\"></span>son <span class=\"__1 _70\"></span>activos<span class=\"__1 _6\"></span>, <span class=\"__1 _70\"></span>y <span class=\"__1 _70\"></span>t\u00e9cnicas<span class=\"__1 _1bc\"> </span>basadas <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c8\"> </span>modelos<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>valoraci\u00f3n <span class=\"__1 _c6\"> </span>para <span class=\"__1 _c6\"> </span>los <span class=\"__1 _c6\"> </span>cuales <span class=\"__1 _c6\"> </span>todos <span class=\"__1 _c8\"> </span>los <span class=\"__1 _c6\"> </span>inputs <span class=\"__1 _c6\"> </span>significativos <span class=\"__1 _c6\"> </span>son <span class=\"__1 _c8\"> </span>obs<span class=\"__1 _6\"></span>ervables <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c8\"> </span>el<span class=\"__1 _1bc\"> </span>mercado o <span class=\"__1 _6\"></span>pueden s<span class=\"__1 _6\"></span>er corrob<span class=\"__1 _6\"></span>orados <span class=\"__1 _6\"></span>por <span class=\"__1 _6\"></span>datos observa<span class=\"__1 _8\"></span>bles de mercado<span class=\"__1 _6\"></span>. En<span class=\"__1 _6\"></span> dicha <span class=\"__1 _6\"></span>clasificaci\u00f3n<span class=\"__1 _6\"></span> se <span class=\"__1 _6\"></span>ha ten<span class=\"__1 _6\"></span>ido<span class=\"__1 _1bc\"> </span>en <span class=\"__1 _6\"></span>consideraci\u00f3n <span class=\"__1 _6\"></span>que <span class=\"__1 _8\"></span>los <span class=\"__1 _6\"></span>ajustes p<span class=\"__1 _6\"></span>or <span class=\"__1 _6\"></span>riesgo <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>cr\u00e9dito <span class=\"__1 _6\"></span>utilizan <span class=\"__1 _6\"></span>inputs <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>nivel <span class=\"__1 _6\"></span>3, <span class=\"__1 _6\"></span>como s<span class=\"__1 _6\"></span>on las<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>estimaciones<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _c8\"> </span>cr\u00e9dito <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c8\"> </span>fun<span class=\"__1 _6\"></span>ci\u00f3n <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _c8\"> </span>ra<span class=\"__1 _6\"></span>ting <span class=\"__1 _c8\"> </span>crediticio <span class=\"__1 _c6\"> </span>o <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c8\"> </span>empresa<span class=\"__1 _6\"></span>s <span class=\"__1 _c6\"> </span>comparables <span class=\"__1 _c6\"> </span>para <span class=\"__1 _c6\"> </span>evaluar <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c8\"> </span>probabil<span class=\"__1 _8\"></span>idad<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>de<span class=\"__1 _1bc\"> </span>quiebra <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>sociedad <span class=\"__1 _8\"></span>o <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>contraparte<span class=\"__1 _6\"></span>, <span class=\"__1 _8\"></span>si <span class=\"__1 _8\"></span>bien, <span class=\"__1 _8\"></span>dichos <span class=\"__1 _8\"></span>ajustes <span class=\"__1 _8\"></span>no <span class=\"__1 _8\"></span>son <span class=\"__1 _8\"></span>significativos. <span class=\"__1 _8\"></span>Por <span class=\"__1 _8\"></span>otra<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>parte, <span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>as<span class=\"__1 _1bc\"> </span>contraprestacion<span class=\"__1 _6\"></span>es contin<span class=\"__1 _6\"></span>gentes que <span class=\"__1 _6\"></span>surgen <span class=\"__1 _6\"></span>en combinacion<span class=\"__1 _6\"></span>es de <span class=\"__1 _6\"></span>negocios <span class=\"__1 _6\"></span>que quedan<span class=\"__1 _6\"></span> encuadradas<span class=\"__1 _6\"></span> en <span class=\"__1 _6\"></span>el<span class=\"__1 _1bc\"> </span>nivel 3 de la jerarqu\u00eda <span class=\"__1 _6\"></span>(v\u00e9ase Nota <span class=\"__1 _6\"></span><span class=\"ls12\">4)</span>.<span class=\"__1 _1bc\"> </span>3.9<span class=\"ff5\"> <span class=\"__1 _cc\"> </span></span><span class=\"fc3\">Clasificaci\u00f3n<span class=\"__1 _5\"></span> entre corriente y no co<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>riente<span class=\"__1 _1bc\"> </span></span>En <span class=\"__1 _c6\"> </span>el <span class=\"__1 _ca\"> </span>Estado <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c6\"> </span>Situaci\u00f3n  Financiera <span class=\"__1 _c8\"> </span>con<span class=\"__1 _6\"></span>solidado,  los <span class=\"__1 _c6\"> </span>activos <span class=\"__1 _c6\"> </span>y  pa<span class=\"__1 _5\"></span>sivos <span class=\"__1 _c6\"> </span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _c6\"> </span>clasifican <span class=\"__1 _ca\"> </span>en <span class=\"__1 _c6\"> </span>funci\u00f3n  de <span class=\"__1 _c8\"> </span>s<span class=\"__1 _6\"></span>us<span class=\"__1 _1bc\"> </span>vencimientos, <span class=\"__1 _6\"></span>es <span class=\"__1 _8\"></span>decir, <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>corrientes <span class=\"__1 _8\"></span>aquellos <span class=\"__1 _6\"></span>con<span class=\"__1 _6\"></span> v<span class=\"__1 _6\"></span>encimiento <span class=\"__1 _6\"></span>igual <span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>inferior <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>doce <span class=\"__1 _6\"></span>meses <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>como <span class=\"__1 _8\"></span>n<span class=\"__1 _8\"></span><span class=\"ls22\">o<span class=\"__1 _1bc\"> </span></span>corrientes los de v<span class=\"__1 _6\"></span>encimiento superior <span class=\"__1 _6\"></span>a dicho per\u00edodo.<span class=\"__1 _1bc\"> </span> El efe<span class=\"__1 _5\"></span>ctivo y otros <span class=\"__1 _5\"></span>medios l\u00edquidos equivalentes se <span class=\"__1 _70\"></span>clasifica como corriente, e<span class=\"__1 _5\"></span>xcepto en <span class=\"__1 _5\"></span>aquellos casos en <span class=\"__1 _5\"></span>los que no <span class=\"__1 _5\"></span>puedan ser <span class=\"__1 _5\"></span>intercambiados<span class=\"__1 _6\"></span> o <span class=\"__1 _70\"></span>u<span class=\"__1 _6\"></span>tilizados para <span class=\"__1 _5\"></span>cancelar un <span class=\"__1 _5\"></span>pasivo, al <span class=\"__1 _5\"></span>menos dentro<span class=\"__1 _6\"></span> de <span class=\"__1 _70\"></span>los doces meses siguientes a la fecha d<span class=\"__1 _6\"></span>e cierre. En <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>clasificaci\u00f3n <span class=\"__1 _6\"></span>de<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>pasivos <span class=\"__1 _8\"></span>a <span class=\"__1 _6\"></span>largo <span class=\"__1 _8\"></span>plazo, <span class=\"__1 _6\"></span>ENCE <span class=\"__1 _8\"></span>eval\u00faa <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>i <span class=\"__1 _6\"></span>tiene <span class=\"__1 _6\"></span>un<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>derecho <span class=\"__1 _8\"></span>incondicion<span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>fecha <span class=\"__1 _8\"></span>de cierre para aplazar la liq<span class=\"__1 _6\"></span>uidaci\u00f3n de los<span class=\"__1 _6\"></span> pasivos durante los<span class=\"__1 _6\"></span> doce meses siguientes a la fec<span class=\"__1 _6\"></span>h<span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>de cierre. 3.10<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Existencias </span></span>Las existen<span class=\"__1 _6\"></span>cias de materias<span class=\"__1 _6\"></span> primas s<span class=\"__1 _6\"></span>e valoran <span class=\"__1 _6\"></span>al coste <span class=\"__1 _6\"></span>de adquisici\u00f3n, qu<span class=\"__1 _6\"></span>e incluye <span class=\"__1 _6\"></span>el importe consigna<span class=\"__1 _6\"></span>do en factura <span class=\"__1 _4\"></span>m\u00e1s <span class=\"__1 _c8\"></span>todos <span class=\"__1 _c8\"></span>los <span class=\"__1 _4\"></span>costes <span class=\"__1 _4\"></span>en <span class=\"__1 _c8\"></span>que <span class=\"__1 _4\"></span>se <span class=\"__1 _c8\"></span>incurre <span class=\"__1 _4\"></span>has<span class=\"__1 _6\"></span>ta <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>bien <span class=\"__1 _c8\"></span>est\u00e1 <span class=\"__1 _4\"></span>en <span class=\"__1 _c8\"></span>las <span class=\"__1 _4\"></span>instalacion<span class=\"__1 _6\"></span>es <span class=\"__1 _4\"></span>de <span class=\"__1 _c8\"></span>ENCE. <span class=\"__1 _4\"></span>Las existencias <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>produ<span class=\"__1 _6\"></span>ctos <span class=\"__1 _4\"></span>terminados <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>curso <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>fabricaci\u00f3n <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>valoran <span class=\"__1 _4\"></span>al <span class=\"__1 _4\"></span>coste <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>roducci\u00f3n <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>se determina  incorp<span class=\"__1 _6\"></span>orando <span class=\"__1 _cb\"> </span>el  coste  de <span class=\"__1 _cb\"> </span>los  materiales, <span class=\"__1 _cb\"> </span>mano  de <span class=\"__1 _cb\"> </span>obra,  y  gas<span class=\"__1 _6\"></span>tos  directos <span class=\"__1 _cb\"> </span>y  generales <span class=\"__1 _cb\"> </span>de fabricaci\u00f3n. <span class=\"__1 _6\"></span>Lo<span class=\"__1 _6\"></span>s <span class=\"__1 _6\"></span>trab<span class=\"__1 _6\"></span>ajos <span class=\"__1 _6\"></span>realizados <span class=\"__1 _8\"></span>por <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>Grup<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>para <span class=\"__1 _8\"></span><span class=\"ls20\">su</span>s <span class=\"__1 _6\"></span>existencias <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>2023 <span class=\"__1 _6\"></span>han <span class=\"__1 _8\"></span>ascendido <span class=\"__1 _8\"></span>a <span class=\"__1 _6\"></span>1.415 <span class=\"__1 _6\"></span>miles de euros. En la asigna<span class=\"__1 _6\"></span>ci\u00f3n de valor a sus inventa<span class=\"__1 _6\"></span>rios el Grupo utiliza el m\u00e9tod<span class=\"__1 _6\"></span>o del coste medio p<span class=\"__1 _6\"></span>onderado. <span class=\"__1 _8\"></span> El Grupo realiza deterioros de sus existencias, con cargo a <span class=\"__1 _5\"></span>resultados de e<span class=\"__1 _5\"></span>xplotaci\u00f3n, para ajustar su valor al valor <span class=\"__1 _c6\"> </span>estimado <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"> </span>realizaci\u00f3<span class=\"__1 _6\"></span>n, <span class=\"__1 _c6\"> </span>cuando <span class=\"__1 _c6\"> </span>\u00e9ste <span class=\"__1 _c6\"> </span>es <span class=\"__1 _c6\"> </span>inferior <span class=\"__1 _c6\"> </span>al <span class=\"__1 _c6\"> </span>valor <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>coste. <span class=\"__1 _c8\"> </span>Cua<span class=\"__1 _6\"></span>ndo <span class=\"__1 _c6\"> </span>las <span class=\"__1 _c6\"> </span>circunstan<span class=\"__1 _6\"></span>cias <span class=\"__1 _c8\"> </span>que previamente causaron la<span class=\"__1 _6\"></span> correcci\u00f3n de valor dejan<span class=\"__1 _6\"></span> de existir se procede a r<span class=\"__1 _6\"></span>evertir dichos deterioros<span class=\"__1 _6\"></span>.<span class=\"__1 _6\"></span> Derechos de em<span class=\"__1 _6\"></span>isi\u00f3n de gases de efecto<span class=\"__1 _6\"></span> invernadero para uso propio<span class=\"__1 _8\"></span>- Los <span class=\"__1 _4\"></span>derechos <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>emisi\u00f3n <span class=\"__1 _4\"></span>ad<span class=\"__1 _6\"></span>q<span class=\"__1 _6\"></span>uiridos, <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>cuyo <span class=\"__1 _4\"></span>des<span class=\"__1 _6\"></span>tino <span class=\"__1 _4\"></span>es <span class=\"__1 _4\"></span>fundamentalmente <span class=\"__1 _4\"></span>su <span class=\"__1 _4\"></span>utilizaci\u00f3<span class=\"__1 _6\"></span>n <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>p<span class=\"__1 _6\"></span>rocesos productivos<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>del <span class=\"__1 _4\"></span>G<span class=\"__1 _5\"></span>rupo, <span class=\"__1 _4\"></span>se <span class=\"__1 _8\"></span>registran <span class=\"__1 _8\"></span>como <span class=\"__1 _4\"></span>existencias <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>valoran<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>por <span class=\"__1 _4\"></span>su <span class=\"__1 _8\"></span>precio <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>adquisici\u00f3n, <span class=\"__1 _8\"></span>calculado mediante <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>m\u00e9todo <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>precio <span class=\"__1 _6\"></span>medio <span class=\"__1 _6\"></span>ponderad<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>, <span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>bien, <span class=\"__1 _6\"></span>a s<span class=\"__1 _6\"></span>u valo<span class=\"__1 _6\"></span>r <span class=\"__1 _6\"></span>estimado <span class=\"__1 _8\"></span>de realizaci\u00f3n<span class=\"__1 _6\"></span>, <span class=\"__1 _6\"></span>si <span class=\"__1 _6\"></span>este <span class=\"__1 _6\"></span>\u00faltimo es inferior<span class=\"ls17\">. </span> Los <span class=\"__1 _c6\"> </span>derechos <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"> </span>emisi\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>recib<span class=\"__1 _6\"></span>idos <span class=\"__1 _c6\"> </span>a <span class=\"__1 _c8\"> </span>t\u00edtulo <span class=\"__1 _c6\"> </span>gratuito<span class=\"__1 _6\"></span>, <span class=\"__1 _c8\"> </span>conforme <span class=\"__1 _c6\"> </span>al <span class=\"__1 _c6\"> </span>r\u00e9gimen <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c6\"> </span>comercio <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>derechos <span class=\"__1 _c6\"> </span>de emisi\u00f3n <span class=\"__1 _6\"></span>para <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>periodo <span class=\"__1 _6\"></span>2022-<span class=\"__1 _6\"></span>2025, s<span class=\"__1 _6\"></span>e recon<span class=\"__1 _6\"></span>ocen <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>su <span class=\"__1 _6\"></span>valor <span class=\"__1 _6\"></span>venal, <span class=\"__1 _6\"></span>registr\u00e1nd<span class=\"__1 _6\"></span>ose como <span class=\"__1 _6\"></span>contra<span class=\"__1 _6\"></span>partida <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>por el <span class=\"__1 _4\"></span>mismo <span class=\"__1 _8\"></span>importe, <span class=\"__1 _4\"></span>una <span class=\"__1 _4\"></span>subvenci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>capital.<span class=\"__1 _5\"></span> <span class=\"__1 _4\"></span>Dicha <span class=\"__1 _4\"></span>subvenci\u00f3n <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>im<span class=\"__1 _5\"></span>puta <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>resultados <span class=\"__1 _8\"></span>a <span class=\"__1 _4\"></span>medida <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>se<span class=\"__1 _70\"></span> consumen los d<span class=\"__1 _6\"></span>erechos de emisi\u00f3n recibidos<span class=\"__1 _6\"></span>. Por <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>con<span class=\"__1 _6\"></span>sumo <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>derechos <span class=\"__1 _6\"></span>realizado <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>lo <span class=\"__1 _6\"></span>largo <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>ejercicio <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>registra<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>un <span class=\"__1 _6\"></span>gas<span class=\"__1 _6\"></span>to <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>l\u00ednea <span class=\"__1 _6\"></span>\u201c<span class=\"__1 _6\"></span>Otros <span class=\"__1 _6\"></span>Gas<span class=\"__1 _6\"></span>tos de <span class=\"__1 _6\"></span>explo<span class=\"ff6\">taci\u00f3n<span class=\"__1 _6\"></span>\u201d <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>E<span class=\"__1 _6\"></span>stado <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>Resultado <span class=\"__1 _8\"></span>consolidado, <span class=\"__1 _8\"></span>reconociendo <span class=\"__1 _6\"></span>una <span class=\"__1 _8\"></span>provisi\u00f3n <span class=\"__1 _6\"></span>cuyo <span class=\"__1 _8\"></span>importe <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>calcula<span class=\"__1 _1bc\"> </span></span>en <span class=\"__1 _8\"></span>funci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>erechos <span class=\"__1 _8\"></span>cons<span class=\"__1 _6\"></span>umidos, <span class=\"__1 _8\"></span>valorados <span class=\"__1 _4\"></span>p<span class=\"__1 _5\"></span>or <span class=\"__1 _8\"></span>su <span class=\"__1 _8\"></span>coste <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>adqu<span class=\"__1 _6\"></span>isici\u00f3n <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>corresp<span class=\"__1 _6\"></span>onde <span class=\"__1 _8\"></span>con <span class=\"__1 _8\"></span>el valor <span class=\"__1 _70\"></span>en libros <span class=\"__1 _70\"></span>para <span class=\"__1 _70\"></span>aquellos <span class=\"__1 _70\"></span>derechos <span class=\"__1 _5\"></span>que <span class=\"__1 _70\"></span>se <span class=\"__1 _5\"></span>posean <span class=\"__1 _70\"></span>al cierre <span class=\"__1 _70\"></span>del <span class=\"__1 _70\"></span>periodo, con <span class=\"__1 _70\"></span>el <span class=\"__1 _70\"></span>valor <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>compra <span class=\"__1 _70\"></span>establecido en los contratos de compra a plazo d<span class=\"__1 _6\"></span>isponibles, y con el valor de mercado al cierre del periodo p<span class=\"__1 _6\"></span>ara el resto de derechos.<span class=\"__1 _1bc\"> </span> Cuando <span class=\"__1 _4\"></span>los <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>erechos <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>em<span class=\"__1 _5\"></span>isi\u00f3n <span class=\"__1 _4\"></span>consumidos <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>entregan <span class=\"__1 _4\"></span>a <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>autorid<span class=\"__1 _6\"></span>ades, <span class=\"__1 _8\"></span>se <span class=\"__1 _4\"></span>dan<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>baja <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>Estado <span class=\"__1 _4\"></span>de<span class=\"__1 _5\"></span> Situaci\u00f3n Financiera consolidado tanto las existencias de <span class=\"__1 _70\"></span>derechos<span class=\"__1 _6\"></span> como la provi<span class=\"__1 _5\"></span>si\u00f3n constituida asociada <span class=\"__1 _6\"></span>al consumo de d<span class=\"__1 _6\"></span>ichos derechos<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span>3.11<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Subvenciones </span></span>Las subvencion<span class=\"__1 _6\"></span>es de capital no reintegrables, asociadas a inversiones en activ<span class=\"__1 _6\"></span>os pro<span class=\"__1 _6\"></span>ductivos, se valoran por el <span class=\"__1 _6\"></span>valo<span class=\"__1 _6\"></span>r <span class=\"__1 _6\"></span>razo<span class=\"__1 _6\"></span>nable <span class=\"__1 _8\"></span>del <span class=\"__1 _6\"></span>importe <span class=\"__1 _8\"></span>concedido, <span class=\"__1 _8\"></span>neto <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>los <span class=\"__1 _6\"></span>cos<span class=\"__1 _6\"></span>tes <span class=\"__1 _6\"></span>incurrid<span class=\"__1 _6\"></span>os <span class=\"__1 _8\"></span>para <span class=\"__1 _6\"></span>su<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>btenci\u00f3n, <span class=\"__1 _6\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>se <span class=\"__1 _8\"></span>reconocen cuando se <span class=\"__1 _70\"></span>han cumplido <span class=\"__1 _70\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>requisitos asociados <span class=\"__1 _70\"></span>a su <span class=\"__1 _70\"></span>concesi\u00f3n<span class=\"__1 _6\"></span>. <span class=\"__1 _5\"></span>Estas subvenciones <span class=\"__1 _70\"></span>se imputan a <span class=\"__1 _70\"></span>resultados en el e<span class=\"__1 _5\"></span>p\u00edgrafe \u201cSub<span class=\"__1 _6\"></span>venciones de capital transferidas al resultado del ejercicio\u201d en proporci\u00f3n a la dotaci\u00f3n a<span class=\"__1 _1bc\"> </span>la <span class=\"__1 _c6\"> </span>amortizaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>efectuada <span class=\"__1 _ca\"> </span>en <span class=\"__1 _c6\"> </span>el  per\u00edodo <span class=\"__1 _c6\"> </span>para <span class=\"__1 _c6\"> </span>los <span class=\"__1 _ca\"> </span>elementos <span class=\"__1 _c6\"> </span>subv<span class=\"__1 _6\"></span>encionados <span class=\"__1 _c6\"> </span>o<span class=\"__1 _6\"></span>, <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c6\"> </span>su <span class=\"__1 _ca\"> </span>caso, <span class=\"__1 _c6\"> </span>cuand<span class=\"__1 _6\"></span>o <span class=\"__1 _c6\"> </span>se<span class=\"__1 _1bc\"> </span>produzca s<span class=\"__1 _6\"></span>u enajenaci\u00f3n o correcci\u00f3n valo<span class=\"__1 _6\"></span>rativa por deterioro<span class=\"__1 _1bc\"> </span>.<span class=\"__1 _1bc\"> </span>Por <span class=\"__1 _4\"></span>su <span class=\"__1 _4\"></span>parte, <span class=\"__1 _4\"></span>las <span class=\"__1 _4\"></span>subvenciones <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>xplotaci\u00f3n <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>imputan <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>resultados <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>ep\u00edgrafe <span class=\"__1 _4\"></span>\u201cOtros <span class=\"__1 _4\"></span>ingresos <span class=\"__1 _4\"></span>de<span class=\"__1 _1bc\"> </span>explotaci\u00f3n\u201d <span class=\"__1 _6\"></span>en el <span class=\"__1 _6\"></span>momento <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>que s<span class=\"__1 _6\"></span>e conc<span class=\"__1 _6\"></span>eden, excepto<span class=\"__1 _6\"></span> s<span class=\"__1 _6\"></span>i se <span class=\"__1 _6\"></span>conceden p<span class=\"__1 _6\"></span>ara <span class=\"__1 _6\"></span>financiar <span class=\"__1 _6\"></span>gastos<span class=\"__1 _6\"></span> espec\u00edficos,<span class=\"__1 _1bc\"> </span>en cuyo caso la<span class=\"__1 _6\"></span> imputaci\u00f3n se realizar\u00e1 a medid<span class=\"__1 _6\"></span>a qu<span class=\"__1 _6\"></span>e se devenguen los ga<span class=\"__1 _6\"></span>stos subvencionad<span class=\"__1 _6\"></span>os.<span class=\"__1 _1bc\"> </span>Los <span class=\"__1 _cb\"> </span>pr\u00e9stamos <span class=\"__1 _cb\"> </span>subvencionados <span class=\"__1 _cb\"> </span>sin  inter\u00e9s<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>o  a <span class=\"__1 _cb\"> </span>un  tipo <span class=\"__1 _cb\"> </span>de  inter\u00e9s <span class=\"__1 _cb\"> </span>inferior <span class=\"__1 _cb\"> </span>al  de <span class=\"__1 _cb\"> </span>mercado, <span class=\"__1 _cb\"> </span>otorgados<span class=\"__1 _1bc\"> </span>principalmente <span class=\"__1 _8\"></span>par<span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>financiar <span class=\"__1 _4\"></span>proyectos <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>I+D+<span class=\"__1 _5\"></span>i <span class=\"__1 _8\"></span>e <span class=\"__1 _8\"></span>in<span class=\"__1 _6\"></span>versiones <span class=\"__1 _4\"></span>productivas, <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>registran <span class=\"__1 _4\"></span>inicialmente <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>su<span class=\"__1 _1bc\"> </span>valor <span class=\"ff6\">razonable en <span class=\"__1 _70\"></span>el ep\u00edgrafe \u201cOtros <span class=\"__1 _5\"></span>pasivos financieros\u201d de<span class=\"__1 _5\"></span>l Estado <span class=\"__1 _5\"></span>de Situaci\u00f3n <span class=\"__1 _70\"></span>Fina<span class=\"__1 _6\"></span>nciera consolidado. La<span class=\"__1 _1bc\"> </span></span>diferencia <span class=\"__1 _c8\"></span>entre <span class=\"__1 _c8\"></span>el <span class=\"__1 _c8\"></span>importe <span class=\"__1 _c8\"></span>recibido <span class=\"__1 _c8\"> </span>por <span class=\"__1 _c8\"> </span>el <span class=\"__1 _c8\"> </span>pr\u00e9stamo <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c8\"></span>su <span class=\"__1 _c8\"> </span>valo<span class=\"__1 _6\"></span>r <span class=\"__1 _4\"></span>ra<span class=\"__1 _6\"></span>zonable <span class=\"__1 _c8\"></span>se <span class=\"__1 _c8\"></span>registra <span class=\"__1 _c8\"></span>inicialmente <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c8\"> </span>el<span class=\"__1 _1bc\"> </span>ep\u00edgrafe <span class=\"__1 _4\"></span>\u201cSubvenciones\u201d <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>Estado <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>Situaci\u00f3<span class=\"ff4\">n <span class=\"__1 _4\"></span>Financiera <span class=\"__1 _4\"></span>consolidad<span class=\"__1 _6\"></span>o, <span class=\"__1 _4\"></span>imput\u00e1ndose <span class=\"__1 _4\"></span>a <span class=\"__1 _8\"></span>resulta<span class=\"__1 _6\"></span>dos <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>l<span class=\"__1 _1bc\"> </span></span>ep\u00edgrafe <span class=\"__1 _4\"></span>\u201cSub<span class=\"__1 _6\"></span>venciones <span class=\"__1 _c8\"></span>transferidas <span class=\"__1 _4\"></span>al <span class=\"__1 _c8\"></span>resultado <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _4\"></span>ejercicio\u201d<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>a <span class=\"__1 _c8\"></span>medida <span class=\"__1 _4\"></span>que <span class=\"__1 _c8\"></span>los <span class=\"__1 _4\"></span>activos<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>financiad<span class=\"__1 _6\"></span>os <span class=\"__1 _4\"></span>con<span class=\"__1 _1bc\"> </span>dicho pr\u00e9stamo s<span class=\"__1 _6\"></span>e amortizan. 3.12<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Instalaciones cedidas a te<span class=\"__1 _5\"></span>rceros<span class=\"__1 _1bc\"> </span></span></span>Las <span class=\"__1 _8\"></span>compensacion<span class=\"__1 _6\"></span>es <span class=\"__1 _8\"></span>recibidas <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>terceros <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>efectivo <span class=\"__1 _8\"></span>po<span class=\"__1 _6\"></span>r <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>cesi\u00f3n <span class=\"__1 _8\"></span>de<span class=\"__1 _6\"></span>l <span class=\"__1 _8\"></span>derecho <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>uso <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>instalacion<span class=\"__1 _6\"></span>es <span class=\"__1 _8\"></span>de<span class=\"__1 _1bc\"> </span>acceso a la red e<span class=\"__1 _5\"></span>l\u00e9ctrica se contabilizan <span class=\"ff6\">con abono al ep\u00edgrafe \u201cPeriodificaciones a Largo Plazo\u201d del Estado de<span class=\"__1 _1bc\"> </span></span>Situaci\u00f3n <span class=\"__1 _8\"></span>Financiera <span class=\"__1 _8\"></span>con<span class=\"__1 _6\"></span>solidado<span class=\"__1 _6\"></span>, <span class=\"__1 _8\"></span>imput\u00e1nd<span class=\"__1 _6\"></span>ose <span class=\"__1 _8\"></span><span class=\"ff6\">a <span class=\"__1 _8\"></span>resultados <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>ep\u00edgrafe <span class=\"__1 _8\"></span>\u201cOtros <span class=\"__1 _8\"></span>in<span class=\"__1 _6\"></span>gresos <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>explotaci\u00f3n\u201d<span class=\"__1 _1bc\"> </span></span>del Estado d<span class=\"__1 _6\"></span>e resultado consolidado lin<span class=\"__1 _6\"></span>ealmente <span class=\"__1 _6\"></span>en el periodo d<span class=\"__1 _6\"></span>e vigencia del derecho.<span class=\"__1 _1bc\"> </span>El Grupo mantiene ingresos anticipados por e<span class=\"__1 _5\"></span>ste concepto al 31 <span class=\"__1 _5\"></span>de diciembre <span class=\"__1 _5\"></span>de 2023 y 2022<span class=\"__1 _5\"></span> por importe d<span class=\"ls1c\">e<span class=\"__1 _1bc\"> </span></span>2.713 miles \u20ac y 3.241 <span class=\"__1 _6\"></span>miles \u20ac, respectivamente<span class=\"__1 _6\"></span><span class=\"ff4\">.<span class=\"__1 _1bc\"> </span></span>3.13<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Provisiones y contingen<span class=\"__1 _5\"></span>cias<span class=\"__1 _1bc\"> </span></span></span>ENCE recoge provisiones para hacer <span class=\"__1 _5\"></span>frente a obligaciones presentes, ya <span class=\"__1 _5\"></span>sean legales o impl\u00edcitas, que tienen<span class=\"__1 _1bc\"> </span>su orige<span class=\"__1 _5\"></span>n <span class=\"__1 _5\"></span>en <span class=\"__1 _5\"></span>sucesos ya <span class=\"__1 _70\"></span>acaec<span class=\"__1 _6\"></span>idos, siempre <span class=\"__1 _70\"></span>que sea <span class=\"__1 _70\"></span>prob<span class=\"__1 _6\"></span>able que <span class=\"__1 _70\"></span>vaya<span class=\"__1 _8\"></span> <span class=\"__1 _70\"></span>a ser <span class=\"__1 _70\"></span>ne<span class=\"__1 _6\"></span>cesaria <span class=\"__1 _5\"></span>una<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>alida de <span class=\"__1 _70\"></span>recursos<span class=\"__1 _1bc\"> </span>para liquidarlas<span class=\"__1 _6\"></span>, y que su importe se pu<span class=\"__1 _6\"></span>eda estimar razonab<span class=\"__1 _6\"></span>lemente. Su <span class=\"__1 _70\"></span>dota<span class=\"__1 _6\"></span>ci\u00f3n <span class=\"__1 _70\"></span>se e<span class=\"__1 _5\"></span>fect\u00faa <span class=\"__1 _70\"></span>al <span class=\"__1 _5\"></span>nacimiento <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>la re<span class=\"__1 _5\"></span>sponsab<span class=\"__1 _6\"></span>ilidad <span class=\"__1 _70\"></span>o <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>la <span class=\"__1 _70\"></span>obligaci\u00f3n<span class=\"__1 _6\"></span>, <span class=\"__1 _70\"></span>con <span class=\"__1 _5\"></span>cargo <span class=\"__1 _70\"></span>al <span class=\"__1 _70\"></span>ep\u00edgrafe del <span class=\"__1 _70\"></span>Estad<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _6\"></span>Resultado <span class=\"__1 _6\"></span>con<span class=\"__1 _6\"></span>solidado <span class=\"__1 _8\"></span>que corr<span class=\"__1 _6\"></span>esponda <span class=\"__1 _8\"></span>seg\u00fan <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>naturaleza <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>la<span class=\"__1 _6\"></span> o<span class=\"__1 _6\"></span>bligaci\u00f3n, <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>por <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>alor <span class=\"__1 _6\"></span>presente <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span>la <span class=\"__1 _cd\"> </span>misma <span class=\"__1 _c9\"> </span>cuan<span class=\"__1 _6\"></span>do <span class=\"__1 _cd\"> </span>el <span class=\"__1 _cd\"> </span>efecto <span class=\"__1 _cd\"> </span>de <span class=\"__1 _c9\"> </span>es<span class=\"__1 _6\"></span>ta <span class=\"__1 _cd\"> </span>actualizaci\u00f3n <span class=\"__1 _cd\"> </span>resulte <span class=\"__1 _ce\"> </span>significativa. <span class=\"__1 _cd\"> </span>La <span class=\"__1 _cd\"> </span>variaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>de <span class=\"__1 _c9\"> </span>la <span class=\"__1 _cd\"> </span>prov<span class=\"__1 _6\"></span>isi\u00f3n<span class=\"__1 _1bc\"> </span>correspondiente a la <span class=\"__1 _70\"></span>actualizaci\u00f3<span class=\"__1 _6\"></span>n financiera <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e cada <span class=\"__1 _70\"></span>ejercic<span class=\"__1 _6\"></span>io se <span class=\"__1 _5\"></span>registra<span class=\"__1 _6\"></span> <span class=\"ff6\">en <span class=\"__1 _70\"></span>el ep\u00edgrafe <span class=\"__1 _5\"></span>\u201cGasto<span class=\"__1 _6\"></span>s financieros\u201d<span class=\"__1 _1bc\"> </span></span>del Estado d<span class=\"__1 _6\"></span>e Resultado consolidado<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span>Las <span class=\"__1 _4\"></span>p<span class=\"__1 _6\"></span>rovisiones, <span class=\"__1 _4\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>cuantifican <span class=\"__1 _c8\"></span>teniendo <span class=\"__1 _4\"></span>en <span class=\"__1 _c8\"></span>consideraci\u00f3n <span class=\"__1 _c8\"></span>la <span class=\"__1 _4\"></span>mejor <span class=\"__1 _4\"></span>informa<span class=\"__1 _6\"></span>ci\u00f3n <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>isponible <span class=\"__1 _c8\"></span>sobre <span class=\"__1 _4\"></span>las<span class=\"__1 _1bc\"> </span>consecuencias <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>su<span class=\"__1 _6\"></span>ceso <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>que <span class=\"__1 _4\"></span>traen <span class=\"__1 _4\"></span>su <span class=\"__1 _8\"></span>causa, <span class=\"__1 _4\"></span>son <span class=\"__1 _8\"></span>reestimadas<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>con <span class=\"__1 _8\"></span>ocasi\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>cada <span class=\"__1 _4\"></span>cie<span class=\"__1 _5\"></span>rre <span class=\"__1 _8\"></span>con<span class=\"__1 _6\"></span>table<span class=\"__1 _1bc\"> </span>(v\u00e9ase Nota 4). Los pa<span class=\"__1 _5\"></span>sivos contingentes <span class=\"__1 _70\"></span>constit<span class=\"__1 _6\"></span>uyen obligaciones <span class=\"__1 _70\"></span>posibles con <span class=\"__1 _70\"></span>terceras partes <span class=\"__1 _70\"></span>y <span class=\"__1 _5\"></span>obligaciones existentes <span class=\"__1 _70\"></span>que<span class=\"__1 _1bc\"> </span>no son recono<span class=\"__1 _6\"></span>cidas bien po<span class=\"__1 _6\"></span>rque no es pro<span class=\"__1 _6\"></span>bable que se<span class=\"__1 _6\"></span> prod<span class=\"__1 _6\"></span>uzca una s<span class=\"__1 _6\"></span>alida de flujos eco<span class=\"__1 _6\"></span>n\u00f3micos requerida<span class=\"__1 _1bc\"> </span>para <span class=\"__1 _4\"></span>cancelar <span class=\"__1 _8\"></span>dicha <span class=\"__1 _4\"></span>obligaci\u00f3n, <span class=\"__1 _4\"></span>o <span class=\"__1 _8\"></span>bien <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>orque <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>importe <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>alida <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>fl<span class=\"__1 _6\"></span>ujos <span class=\"__1 _4\"></span>no <span class=\"__1 _8\"></span>puede <span class=\"__1 _4\"></span>ser <span class=\"__1 _8\"></span>estimado <span class=\"__1 _4\"></span>de<span class=\"__1 _1bc\"> </span>forma fiable.<span class=\"__1 _1bc\"> </span>Los p<span class=\"__1 _6\"></span>asivos con<span class=\"__1 _6\"></span>tingentes <span class=\"__1 _6\"></span>no se recono<span class=\"__1 _6\"></span>cen en <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>cuentas <span class=\"__1 _6\"></span>anu<span class=\"__1 _6\"></span>ales, sin<span class=\"__1 _6\"></span>o que <span class=\"__1 _6\"></span>se informa <span class=\"__1 _6\"></span>sobre <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>mismos en<span class=\"__1 _1bc\"> </span>la memoria, en la medida en <span class=\"__1 _6\"></span>que no s<span class=\"__1 _6\"></span>ean considerad<span class=\"__1 _6\"></span>os como remotos.<span class=\"__1 _1bc\"> </span>Indemnizac<span class=\"__1 _6\"></span>iones por cese<span class=\"__1 _1bc\"> </span>De <span class=\"__1 _4\"></span>acuerdo <span class=\"__1 _4\"></span>con <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>reglament<span class=\"__1 _6\"></span>aci\u00f3n <span class=\"__1 _4\"></span>laboral <span class=\"__1 _4\"></span>vigente, <span class=\"__1 _c8\"></span>ENCE <span class=\"__1 _4\"></span>est\u00e1 <span class=\"__1 _4\"></span>obligado <span class=\"__1 _4\"></span>al <span class=\"__1 _4\"></span>pago <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>indemnizaciones <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>los empleados <span class=\"__1 _c1\"> </span>con <span class=\"__1 _c1\"> </span>los <span class=\"__1 _c1\"> </span>que, <span class=\"__1 _c1\"> </span>bajo <span class=\"__1 _c1\"> </span>determinadas <span class=\"__1 _c1\"> </span>condiciones<span class=\"__1 _6\"></span>, <span class=\"__1 _c1\"> </span>rescinda <span class=\"__1 _c1\"> </span>sus <span class=\"__1 _c1\"> </span>relaciones <span class=\"__1 _c1\"> </span>laborales. <span class=\"__1 _c1\"> </span>Las indemnizaciones <span class=\"__1 _8\"></span>por <span class=\"__1 _8\"></span>cese <span class=\"__1 _6\"></span>se <span class=\"__1 _8\"></span>reconocen <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>fecha <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>que <span class=\"__1 _6\"></span>existe <span class=\"__1 _8\"></span>un <span class=\"__1 _8\"></span>plan <span class=\"__1 _8\"></span>f<span class=\"__1 _6\"></span>ormal <span class=\"__1 _8\"></span>detallado <span class=\"__1 _8\"></span>para <span class=\"__1 _8\"></span>llevar <span class=\"__1 _6\"></span>a cabo <span class=\"__1 _c6\"> </span>la  restructuraci\u00f3n <span class=\"__1 _c6\"> </span>y <span class=\"__1 _ca\"> </span>se <span class=\"__1 _c6\"> </span>ha  generado <span class=\"__1 _c6\"> </span>una <span class=\"__1 _c6\"> </span>expectativ<span class=\"__1 _6\"></span>a <span class=\"__1 _c6\"> </span>v\u00e1lid<span class=\"__1 _6\"></span>a <span class=\"__1 _c6\"> </span>entre <span class=\"__1 _ca\"> </span>el <span class=\"__1 _c6\"> </span>personal  afe<span class=\"__1 _5\"></span>ctado <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c6\"> </span>que <span class=\"__1 _ca\"> </span>la<span class=\"__1 _1bc\"> </span> reestructuraci\u00f3n <span class=\"__1 _c8\"></span>se <span class=\"__1 _4\"></span>va <span class=\"__1 _4\"></span>a <span class=\"__1 _c8\"></span>llevar <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>cab<span class=\"__1 _6\"></span>o. <span class=\"__1 _c8\"></span> <span class=\"__1 _4\"></span>No <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>dis<span class=\"__1 _6\"></span>pone <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>pro<span class=\"__1 _6\"></span>visiones <span class=\"__1 _4\"></span>por <span class=\"__1 _4\"></span>es<span class=\"__1 _6\"></span>te <span class=\"__1 _4\"></span>concepto <span class=\"__1 _c8\"></span>al <span class=\"__1 _4\"></span>cierre <span class=\"__1 _4\"></span>de <span class=\"__1 _c8\"></span>los ejercicios 2023 y 2022.<span class=\"__1 _6\"></span> Procedimientos ju<span class=\"__1 _6\"></span>diciales y/o reclamacion<span class=\"__1 _6\"></span>es en curso<span class=\"__1 _6\"></span> Al  cie<span class=\"__1 _5\"></span>rre  de  los <span class=\"__1 _ca\"> </span>ejercicios  2023  y  2022 <span class=\"__1 _c6\"> </span>s<span class=\"__1 _6\"></span>e  encontraban  en  curso <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>istintos  procedimientos  judiciales  y reclamaciones <span class=\"__1 _c9\"> </span>entablados <span class=\"__1 _c9\"> </span>contra <span class=\"__1 _cb\"> </span>ENCE <span class=\"__1 _c9\"> </span>con <span class=\"__1 _cb\"> </span>origen <span class=\"__1 _c9\"> </span>en <span class=\"__1 _cb\"> </span>el <span class=\"__1 _cb\"> </span>desar<span class=\"__1 _6\"></span>rollo <span class=\"__1 _cb\"> </span>hab<span class=\"__1 _6\"></span>itual <span class=\"__1 _c9\"> </span>de <span class=\"__1 _cb\"> </span>sus <span class=\"__1 _cb\"> </span>activ<span class=\"__1 _6\"></span>idades. <span class=\"__1 _c9\"> </span>Los<span class=\"__1 _6\"></span> Administradores,  considerando  la <span class=\"__1 _c6\"> </span>opini\u00f3n  de <span class=\"__1 _c6\"> </span>los<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>as<span class=\"__1 _6\"></span>esores  legales, <span class=\"__1 _c6\"> </span>esti<span class=\"__1 _6\"></span>man  que <span class=\"__1 _c6\"> </span>la  conclusi\u00f3n  de <span class=\"__1 _c6\"> </span>es<span class=\"__1 _6\"></span>tos procedimientos <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>reclamaciones <span class=\"__1 _8\"></span>no <span class=\"__1 _4\"></span>producir\u00e1 <span class=\"__1 _8\"></span>un <span class=\"__1 _8\"></span>efecto <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>ignificativo <span class=\"__1 _8\"></span>ad<span class=\"__1 _6\"></span>icional <span class=\"__1 _8\"></span>a <span class=\"__1 _4\"></span>los <span class=\"__1 _8\"></span>ya <span class=\"__1 _8\"></span>recogidos <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>estos estados finan<span class=\"__1 _6\"></span>cieros. 3.14<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Prestaciones Post empleo <span class=\"__1 _5\"></span>y otros beneficios so<span class=\"__1 _5\"></span>ciales </span></span>Las sociedades del <span class=\"__1 _70\"></span>Grup<span class=\"__1 _6\"></span>o, en su <span class=\"__1 _5\"></span>mayor parte, tienen <span class=\"__1 _5\"></span>establecido un compromiso de <span class=\"__1 _5\"></span>aportaci\u00f3n<span class=\"__1 _6\"></span> def<span class=\"__1 _5\"></span>inida con el <span class=\"__1 _4\"></span>personal <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>permanece <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>activo <span class=\"__1 _4\"></span>al <span class=\"__1 _4\"></span>cierre <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>ejercicio, <span class=\"__1 _4\"></span>consistente <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>aportaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>por <span class=\"__1 _4\"></span>parte <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>la Sociedad y del trab<span class=\"__1 _6\"></span>ajador de <span class=\"__1 _6\"></span>un porcentaje p<span class=\"__1 _6\"></span>reestablecido del su<span class=\"__1 _6\"></span>eldo pensionab<span class=\"__1 _6\"></span>le al \u201cPlan d<span class=\"__1 _6\"></span>e pensiones d<span class=\"__1 _6\"></span>e Promoci\u00f3n <span class=\"__1 _8\"></span>Conjun<span class=\"__1 _6\"></span><span class=\"ff6\">ta\u201d <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>Grupo <span class=\"__1 _8\"></span>ENCE <span class=\"__1 _8\"></span>promovido <span class=\"__1 _8\"></span>al <span class=\"__1 _8\"></span>amparo <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>art\u00edculo <span class=\"__1 _8\"></span>40 <span class=\"__1 _8\"></span>d) <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>Reglamento <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>Planes <span class=\"__1 _4\"></span>y<span class=\"__1 _5\"></span> </span>Fondos <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>Pensiones <span class=\"__1 _8\"></span>(aportaci\u00f3n <span class=\"__1 _8\"></span>definida). <span class=\"__1 _6\"></span>E<span class=\"__1 _6\"></span>ste <span class=\"__1 _8\"></span>plan <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>pens<span class=\"__1 _6\"></span>iones <span class=\"__1 _8\"></span>se <span class=\"__1 _6\"></span>encu<span class=\"__1 _6\"></span>entra <span class=\"__1 _8\"></span>integrado <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>fondo <span class=\"__1 _8\"></span>de Pensiones <span class=\"__1 _4\"></span>SERVIREN<span class=\"__1 _6\"></span>TA <span class=\"__1 _4\"></span>II <span class=\"__1 _4\"></span>F.P. <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>da <span class=\"__1 _c8\"></span>cobertura <span class=\"__1 _4\"></span>tanto <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>las <span class=\"__1 _4\"></span>prestaciones<span class=\"__1 _8\"></span> <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>jubilaci\u00f3n <span class=\"__1 _4\"></span>como <span class=\"__1 _4\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>riesgos <span class=\"__1 _4\"></span>por invalidez y <span class=\"__1 _5\"></span>fallecimiento de <span class=\"__1 _70\"></span>los<span class=\"__1 _6\"></span> part\u00edcipes. <span class=\"__1 _5\"></span>El Grupo <span class=\"__1 _70\"></span>no tiene <span class=\"__1 _5\"></span>compromisos de <span class=\"__1 _5\"></span>prestaci\u00f3n definida <span class=\"__1 _70\"></span>relevan<span class=\"__1 _6\"></span>tes.<span class=\"__1 _8\"></span> Con car\u00e1cter <span class=\"__1 _6\"></span>general, <span class=\"__1 _6\"></span>y en <span class=\"__1 _6\"></span>relaci\u00f3n <span class=\"__1 _6\"></span>al comp<span class=\"__1 _6\"></span>onente de <span class=\"__1 _6\"></span>ahorro, <span class=\"__1 _6\"></span>el beneficiario <span class=\"__1 _6\"></span>aporta <span class=\"__1 _6\"></span>el 1% <span class=\"__1 _6\"></span>de s<span class=\"__1 _6\"></span>u retribu<span class=\"__1 _6\"></span>ci\u00f3n fi<span class=\"ls0_1\">ja y <span class=\"__1 _6\"></span>ENCE <span class=\"__1 _6\"></span>aporta <span class=\"__1 _6\"></span>en torno a<span class=\"__1 _6\"></span>l 5% de <span class=\"__1 _6\"></span>\u00e9sta. <span class=\"__1 _6\"></span>Por su <span class=\"__1 _6\"></span>parte, el <span class=\"__1 _6\"></span>componente de <span class=\"__1 _6\"></span>riesgo, qu<span class=\"__1 _6\"></span>e se materializa <span class=\"__1 _6\"></span>en una </span>p\u00f3liza <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>seguro <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>vi<span class=\"__1 _5\"></span>da <span class=\"__1 _8\"></span>y <span class=\"__1 _4\"></span>ac<span class=\"__1 _5\"></span>cidentes, <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>financia <span class=\"__1 _4\"></span>al<span class=\"__1 _5\"></span> <span class=\"__1 _8\"></span>50% <span class=\"__1 _8\"></span>entre <span class=\"__1 _4\"></span>las <span class=\"__1 _8\"></span>partes. <span class=\"__1 _8\"></span>Las <span class=\"__1 _4\"></span>contingencias <span class=\"__1 _8\"></span>cubiertas <span class=\"__1 _8\"></span>por dicha <span class=\"__1 _6\"></span>p\u00f3<span class=\"__1 _6\"></span>liza <span class=\"__1 _6\"></span>son <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>siguient<span class=\"__1 _6\"></span>es: <span class=\"__1 _6\"></span>jubilaci\u00f3<span class=\"__1 _6\"></span>n, <span class=\"__1 _8\"></span>invalidez <span class=\"__1 _6\"></span>permanente <span class=\"__1 _6\"></span>to<span class=\"__1 _6\"></span>tal, <span class=\"__1 _6\"></span>incapacid<span class=\"__1 _6\"></span>ad <span class=\"__1 _6\"></span>permanente <span class=\"__1 _6\"></span>ab<span class=\"__1 _6\"></span>soluta, <span class=\"__1 _6\"></span>y el <span class=\"__1 _6\"></span>fallecimiento. <span class=\"__1 _8\"></span>El <span class=\"__1 _6\"></span>capital <span class=\"__1 _8\"></span>asegurado <span class=\"__1 _6\"></span>equ<span class=\"__1 _6\"></span>ivale <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>35 <span class=\"__1 _6\"></span>mensualidades <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>retribu<span class=\"__1 _6\"></span>ci\u00f3n <span class=\"__1 _6\"></span>fija, <span class=\"__1 _6\"></span>o <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>doble <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>caso de que las contin<span class=\"__1 _6\"></span>gencias sean derivadas<span class=\"__1 _6\"></span> de accidente.<span class=\"__1 _6\"></span> Para determinados directivos del <span class=\"__1 _5\"></span>Grupo, entre los <span class=\"__1 _70\"></span>qu<span class=\"__1 _6\"></span>e se <span class=\"__1 _70\"></span>inc<span class=\"__1 _6\"></span>luye al <span class=\"__1 _70\"></span>Pres<span class=\"__1 _6\"></span>idente y <span class=\"__1 _5\"></span>a la <span class=\"__1 _70\"></span>alt<span class=\"__1 _6\"></span>a direcci\u00f3n, e<span class=\"__1 _5\"></span>xiste un sistema <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>previsi\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>social, <span class=\"__1 _8\"></span>co<span class=\"__1 _6\"></span>mplementario <span class=\"__1 _4\"></span>al <span class=\"__1 _8\"></span>plan <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>pensiones <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>empleo, <span class=\"__1 _4\"></span>instrumenta<span class=\"__1 _6\"></span>do <span class=\"__1 _4\"></span>a <span class=\"__1 _8\"></span>trav\u00e9s <span class=\"__1 _4\"></span>de seguros colectivos<span class=\"__1 _6\"></span>, destinado a cubrir tan<span class=\"__1 _6\"></span>to la jubilaci\u00f3n como los <span class=\"__1 _6\"></span>riesgos de invalidez y<span class=\"__1 _6\"></span> fallecimiento de los asegurados.<span class=\"__1 _1bc\"> </span>Las <span class=\"__1 _8\"></span>contribuciones <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>los <span class=\"__1 _6\"></span>planes <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>restaci\u00f3n <span class=\"__1 _8\"></span>post <span class=\"__1 _8\"></span>empleo <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>aportaci\u00f3n <span class=\"__1 _8\"></span>definida <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>registra<span class=\"__1 _6\"></span>n <span class=\"__1 _6\"></span>como <span class=\"__1 _8\"></span>gasto en el ep\u00edgrafe \u201cGastos<span class=\"__1 _6\"></span> de personal\u201d d<span class=\"__1 _6\"></span>el Estado de Resultad<span class=\"__1 _6\"></span>o consolidado de a<span class=\"__1 _6\"></span>cuerdo a su deveng<span class=\"__1 _6\"></span><span class=\"ff4\">o<span class=\"__1 _6\"></span>.  </span>Por <span class=\"__1 _4\"></span>otra <span class=\"__1 _4\"></span>parte, <span class=\"__1 _4\"></span>u<span class=\"__1 _6\"></span>n <span class=\"__1 _4\"></span>colectivo <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>an<span class=\"__1 _6\"></span>tiguos <span class=\"__1 _4\"></span>trabaj<span class=\"__1 _6\"></span>adores <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>filial <span class=\"__1 _4\"></span>Celulos<span class=\"__1 _6\"></span>as <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>Asturias<span class=\"__1 _6\"></span>, <span class=\"__1 _4\"></span>S.A. <span class=\"__1 _4\"></span>mantiene <span class=\"__1 _4\"></span>un beneficio consis<span class=\"__1 _6\"></span>tente en <span class=\"__1 _6\"></span>un seguro <span class=\"__1 _6\"></span>de vid<span class=\"__1 _6\"></span>a e <span class=\"__1 _6\"></span>incapacidad. Este <span class=\"__1 _6\"></span>compromiso <span class=\"__1 _6\"></span>se externaliz\u00f3 <span class=\"__1 _6\"></span>en 2014 <span class=\"__1 _6\"></span>a tra<span class=\"__1 _6\"></span>v\u00e9s de una compa\u00f1\u00eda <span class=\"__1 _6\"></span>de seguros. Planes de inc<span class=\"__1 _6\"></span>entivos a largo p<span class=\"__1 _6\"></span>lazo El <span class=\"__1 _c8\"> </span>Grupo<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>valo<span class=\"__1 _6\"></span>ra <span class=\"__1 _c6\"> </span>estos <span class=\"__1 _c8\"> </span>compromiso<span class=\"__1 _6\"></span>s <span class=\"__1 _c8\"> </span>con<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>empleados <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c6\"> </span>cada <span class=\"__1 _c6\"> </span>fecha <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>valoraci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>considerando <span class=\"__1 _c6\"> </span>al <span class=\"__1 _c6\"> </span>valor estimado  del <span class=\"__1 _c6\"> </span>comp<span class=\"__1 _6\"></span>romiso  a  vencimiento <span class=\"__1 _c6\"> </span>y<span class=\"__1 _6\"></span>  el <span class=\"__1 _c6\"> </span>periodo  de <span class=\"__1 _ca\"> </span>tiempo  transcurrido  respe<span class=\"__1 _5\"></span>cto  al <span class=\"__1 _ca\"> </span>periodo  de devengo.<span class=\"__1 _1bc\"> </span>Estos <span class=\"__1 _8\"></span>compro<span class=\"__1 _6\"></span>misos <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>registr<span class=\"ff6\">an<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>ep\u00edgrafe <span class=\"__1 _8\"></span>\u201cGastos <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>personal\u201d <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>Es<span class=\"__1 _6\"></span>tado <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>Resultado <span class=\"__1 _8\"></span>cons<span class=\"__1 _6\"></span>olidado<span class=\"__1 _1bc\"> </span></span>linealmente <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>urante <span class=\"__1 _c8\"> </span>el <span class=\"__1 _c6\"> </span>per\u00edodo<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>devengo <span class=\"__1 _c6\"> </span>del <span class=\"__1 _c8\"> </span>Plan <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>Incentivos, <span class=\"__1 _c6\"> </span>y <span class=\"__1 _c8\"> </span>su <span class=\"__1 _c6\"> </span>contrapartida <span class=\"__1 _c8\"> </span>s<span class=\"__1 _6\"></span>er\u00e1 <span class=\"__1 _c8\"> </span>dis<span class=\"__1 _6\"></span>tinta <span class=\"__1 _c8\"> </span>en<span class=\"__1 _1bc\"> </span>funci\u00f3n d<span class=\"__1 _6\"></span>el modo <span class=\"__1 _6\"></span>de liquidaci<span class=\"__1 _6\"></span>\u00f3n. <span class=\"__1 _6\"></span>En el <span class=\"__1 _6\"></span>caso <span class=\"__1 _6\"></span>de compromisos<span class=\"__1 _6\"></span> que <span class=\"__1 _6\"></span>se liqu<span class=\"__1 _6\"></span>idan <span class=\"__1 _6\"></span>en a<span class=\"__1 _8\"></span>cciones de <span class=\"__1 _6\"></span>ENCE, <span class=\"__1 _6\"></span>el gasto<span class=\"__1 _1bc\"> </span>devengado <span class=\"__1 _4\"></span>se <span class=\"__1 _8\"></span>reconocer\u00e1 <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>ep\u00edgrafe <span class=\"__1 _8\"></span>\u201cPatrimonio <span class=\"__1 _4\"></span>neto <span class=\"__1 _4\"></span>\u2013<span class=\"ff4\"> <span class=\"__1 _8\"></span></span>Otros <span class=\"__1 _4\"></span>instrumentos <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>patrimonio <span class=\"__1 _8\"></span>n<span class=\"__1 _6\"></span>eto\u201d <span class=\"__1 _8\"></span>del<span class=\"__1 _1bc\"> </span>Estado <span class=\"__1 _ce\"> </span>de <span class=\"__1 _ce\"> </span>Situaci\u00f3<span class=\"__1 _6\"></span>n <span class=\"__1 _ce\"> </span>Financiera <span class=\"__1 _ce\"> </span>consolida<span class=\"__1 _6\"></span>do, <span class=\"__1 _ce\"> </span>teniendo <span class=\"__1 _cf\"> </span>en <span class=\"__1 _cd\"> </span>con<span class=\"__1 _6\"></span>sideraci\u00f3n <span class=\"__1 _ce\"> </span>el <span class=\"__1 _ce\"> </span>v<span class=\"__1 _6\"></span>alor <span class=\"__1 _ce\"> </span>razon<span class=\"__1 _6\"></span>able <span class=\"__1 _ce\"> </span>de <span class=\"__1 _ce\"> </span>los<span class=\"__1 _1bc\"> </span>instrumentos <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>patrimonio <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>fecha <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>concesi\u00f3n. <span class=\"__1 _4\"></span>Por <span class=\"__1 _4\"></span>su<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>parte, <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>pasivo <span class=\"__1 _4\"></span>devengado <span class=\"__1 _4\"></span>asociado <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>los<span class=\"__1 _1bc\"> </span>compromisos <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>liquid<span class=\"__1 _6\"></span>an en <span class=\"__1 _6\"></span>efectivo <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>reconocer\u00e1 <span class=\"__1 _6\"></span>con <span class=\"__1 _6\"></span>ab<span class=\"__1 _6\"></span>ono al <span class=\"__1 _6\"></span>ep\u00edgrafe <span class=\"__1 _6\"></span>\u201cProvis<span class=\"__1 _6\"></span>iones\u201d <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>pasivo <span class=\"__1 _6\"></span>del<span class=\"__1 _1bc\"> </span>Estado de Situaci\u00f3n Fin<span class=\"__1 _6\"></span>anciera con<span class=\"__1 _6\"></span>solidado.<span class=\"__1 _1bc\"> </span>Las <span class=\"__1 _4\"></span>estimacion<span class=\"__1 _6\"></span>es <span class=\"__1 _4\"></span>realizadas<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>para <span class=\"__1 _c8\"></span>valorar <span class=\"__1 _c8\"> </span>el <span class=\"__1 _4\"></span>compromiso <span class=\"__1 _c8\"></span>asumido <span class=\"__1 _4\"></span>con <span class=\"__1 _c8\"> </span>el <span class=\"__1 _4\"></span>personal <span class=\"__1 _c8\"> </span>son <span class=\"__1 _4\"></span>revisadas<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>en <span class=\"__1 _c8\"></span>cada<span class=\"__1 _1bc\"> </span>cierre contable, y el <span class=\"__1 _70\"></span>impact<span class=\"__1 _6\"></span>o de las variaciones se <span class=\"__1 _5\"></span>registra en <span class=\"__1 _5\"></span>el ep\u00edgrafe <span class=\"__1 _5\"></span>\u201cGastos de personal\u201d del Estado de<span class=\"__1 _1bc\"> </span>Resultado con<span class=\"__1 _6\"></span>solidado<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span>3.15<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Reconocimiento de ingreso<span class=\"__1 _5\"></span>s y gastos<span class=\"__1 _1bc\"> </span></span></span>Los \u201cIngresos<span class=\"__1 _6\"></span> ordinarios\u201d<span class=\"__1 _6\"></span> representan los importes a co<span class=\"__1 _6\"></span>brar por los bienes entregad<span class=\"__1 _6\"></span>os y servicios prestado<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>en el <span class=\"__1 _70\"></span>marco ordinario de <span class=\"__1 _70\"></span>la actividad, <span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>etos <span class=\"__1 _5\"></span>de devoluciones <span class=\"__1 _5\"></span>y descuentos, <span class=\"__1 _5\"></span>y <span class=\"__1 _5\"></span>cantidades recibidas p<span class=\"__1 _5\"></span>or cuent<span class=\"__1 _5\"></span>a<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _8\"></span>terceros, <span class=\"__1 _8\"></span>tales <span class=\"__1 _8\"></span>como<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>imp<span class=\"__1 _6\"></span>uesto <span class=\"__1 _8\"></span>sobre <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>valo<span class=\"__1 _6\"></span>r <span class=\"__1 _8\"></span>a\u00f1adido. <span class=\"__1 _8\"></span>Lo<span class=\"__1 _8\"></span>s <span class=\"__1 _8\"></span>ingresos<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>reconocen <span class=\"__1 _4\"></span>cuando <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>pueden<span class=\"__1 _1bc\"> </span>medir con fiabilidad y es <span class=\"__1 _5\"></span>probable que ENCE recibir\u00e1 los beneficios econ\u00f3micos asociados a la transacci\u00f3n, y<span class=\"__1 _1bc\"> </span>se valoran p<span class=\"__1 _6\"></span>or el valor razonable de la contrap<span class=\"__1 _6\"></span>restaci\u00f3n recibida <span class=\"__1 _6\"></span>o a recibir.<span class=\"__1 _1bc\"> </span>En este sentido, los ingresos procedentes de la venta de bienes se reconocen cuand<span class=\"__1 _6\"></span>o se transfiere al cliente<span class=\"__1 _1bc\"> </span>el <span class=\"__1 _c8\"> </span>con<span class=\"__1 _6\"></span>trol <span class=\"__1 _c6\"> </span>sobre <span class=\"__1 _c6\"> </span>los <span class=\"__1 _ca\"> </span>mismos, <span class=\"__1 _c6\"> </span>momento<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>que <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c6\"> </span>venta <span class=\"__1 _ca\"> </span>de <span class=\"__1 _c6\"> </span>celulosa <span class=\"__1 _c6\"> </span>se <span class=\"__1 _c6\"> </span>dete<span class=\"__1 _6\"></span>rmina <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c6\"> </span>bas<span class=\"__1 _6\"></span>e <span class=\"__1 _c6\"> </span>al <span class=\"__1 _c6\"> </span>incoterm<span class=\"__1 _1bc\"> </span>(t\u00e9rminos <span class=\"__1 _c6\"> </span>internacionales <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c6\"> </span>comercio) <span class=\"__1 _c6\"> </span>aplicado<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>a <span class=\"__1 _c6\"> </span>cada <span class=\"__1 _c6\"> </span>trans<span class=\"__1 _6\"></span>acci\u00f3n, <span class=\"__1 _c6\"> </span>y <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c6\"> </span>la  venta <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>madera <span class=\"__1 _c6\"> </span>coin<span class=\"__1 _6\"></span>cide<span class=\"__1 _1bc\"> </span>normalmente <span class=\"__1 _8\"></span>con<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>entrega <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>las <span class=\"__1 _4\"></span>in<span class=\"__1 _5\"></span>stalaciones <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>cliente. <span class=\"__1 _8\"></span>Las <span class=\"__1 _4\"></span>obligaciones <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>ENCE <span class=\"__1 _4\"></span>con <span class=\"__1 _8\"></span>sus <span class=\"__1 _8\"></span>clientes <span class=\"__1 _4\"></span>s<span class=\"__1 _5\"></span>e<span class=\"__1 _1bc\"> </span>completan <span class=\"__1 _cb\"> </span>en  el <span class=\"__1 _cb\"> </span>momento <span class=\"__1 _cb\"> </span>de  la <span class=\"__1 _cb\"> </span>entrega  d<span class=\"__1 _6\"></span>el  b<span class=\"__1 _6\"></span>ien, <span class=\"__1 _cb\"> </span>y<span class=\"__1 _5\"></span> <span class=\"__1 _cb\"> </span>la<span class=\"__1 _5\"></span>s <span class=\"__1 _cb\"> </span>devoluciones <span class=\"__1 _cb\"> </span>por  parte <span class=\"__1 _cb\"> </span>de  los <span class=\"__1 _cb\"> </span>clientes <span class=\"__1 _cb\"> </span>son<span class=\"__1 _1bc\"> </span>excepcionales.<span class=\"__1 _1bc\"> </span>Por <span class=\"__1 _6\"></span>su <span class=\"__1 _6\"></span>parte, <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>ingreso<span class=\"__1 _6\"></span>s <span class=\"__1 _6\"></span>asociados <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>generaci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>energ\u00eda <span class=\"__1 _6\"></span>in<span class=\"__1 _6\"></span>cluyen <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>tarifa <span class=\"__1 _6\"></span>percibida <span class=\"__1 _8\"></span>del mercado, <span class=\"__1 _6\"></span>as<span class=\"__1 _6\"></span>\u00ed<span class=\"__1 _1bc\"> </span>como <span class=\"__1 _4\"></span>las <span class=\"__1 _4\"></span>primas <span class=\"__1 _4\"></span>a<span class=\"__1 _5\"></span> <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>generaci\u00f3n <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>energ\u00eda <span class=\"__1 _8\"></span>a <span class=\"__1 _4\"></span>partir <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>fuentes <span class=\"__1 _4\"></span>re<span class=\"__1 _5\"></span>novables <span class=\"__1 _4\"></span>legalmente <span class=\"__1 _4\"></span>reconocidas<span class=\"__1 _8\"></span> <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>sus<span class=\"__1 _1bc\"> </span>mecanismos de ajus<span class=\"__1 _6\"></span>te o comp<span class=\"__1 _6\"></span>ensaci\u00f3n (Vajdm)<span class=\"__1 _6\"></span>, y s<span class=\"__1 _6\"></span>e recono<span class=\"__1 _6\"></span>cen en el mo<span class=\"__1 _6\"></span>mento de s<span class=\"__1 _6\"></span>u generaci\u00f3n y<span class=\"__1 _6\"></span> entrega<span class=\"__1 _1bc\"> </span>al sistema el\u00e9ctrico po<span class=\"__1 _6\"></span>r el importe bruto<span class=\"__1 _6\"></span> de venta, en la medid<span class=\"__1 _6\"></span>a en que se act\u00fa<span class=\"__1 _6\"></span>a como principal.<span class=\"__1 _1bc\"> </span>Los in<span class=\"__1 _6\"></span>gresos asociad<span class=\"__1 _6\"></span>os a <span class=\"__1 _6\"></span>la prestaci\u00f3n d<span class=\"__1 _6\"></span>e servicios, <span class=\"__1 _6\"></span>poco relevantes<span class=\"__1 _6\"></span> en <span class=\"__1 _6\"></span>ENCE, se <span class=\"__1 _6\"></span>reconocen con<span class=\"__1 _6\"></span>siderando el<span class=\"__1 _1bc\"> </span>grado <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>realizaci\u00f3n <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>prestaci\u00f3n <span class=\"__1 _8\"></span>a <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>fecha <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>cierre <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>los <span class=\"__1 _4\"></span>estados <span class=\"__1 _8\"></span>finan<span class=\"__1 _6\"></span>cieros, <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>iempre <span class=\"__1 _8\"></span>y <span class=\"__1 _4\"></span>cuando <span class=\"__1 _4\"></span>el<span class=\"__1 _1bc\"> </span>resultado de la t<span class=\"__1 _6\"></span>ransacci\u00f3n pueda ser estimado co<span class=\"__1 _6\"></span>n fiabilidad. Los in<span class=\"__1 _6\"></span>gresos por <span class=\"__1 _6\"></span>intereses se <span class=\"__1 _6\"></span>reconocen siguiendo <span class=\"__1 _6\"></span>un <span class=\"__1 _6\"></span>criterio financiero, <span class=\"__1 _6\"></span>en fun<span class=\"__1 _6\"></span>ci\u00f3n del <span class=\"__1 _8\"></span>principal p<span class=\"__1 _6\"></span>endiente<span class=\"__1 _1bc\"> </span> de pago, el plazo h<span class=\"__1 _6\"></span>asta el vencimiento, y<span class=\"__1 _6\"></span> el tipo de inter\u00e9s efectivo<span class=\"__1 _6\"></span> aplicable.<span class=\"__1 _6\"></span>  Los <span class=\"__1 _8\"></span>ingresos <span class=\"__1 _8\"></span>por <span class=\"__1 _6\"></span>div<span class=\"__1 _6\"></span>idendos <span class=\"__1 _6\"></span>procedentes <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>inversiones <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>registran <span class=\"__1 _8\"></span>cuando <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>reconocen <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>derecho <span class=\"__1 _8\"></span>a <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>u<span class=\"__1 _1bc\"> </span> percepci\u00f3n.<span class=\"__1 _1bc\"> </span> Los <span class=\"__1 _4\"></span>gastos<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>reconocen <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>Estado<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>Resultado <span class=\"__1 _4\"></span>consolidad<span class=\"__1 _6\"></span>o <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>acuerdo <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>u <span class=\"__1 _4\"></span>devengo. <span class=\"__1 _4\"></span>Asimismo, <span class=\"__1 _4\"></span>se<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> reconoce un gasto d<span class=\"__1 _6\"></span>e forma inmediata cuan<span class=\"__1 _6\"></span>do no s<span class=\"__1 _6\"></span>e prev\u00e9 que genere beneficios econ\u00f3<span class=\"__1 _6\"></span>micos futuros.<span class=\"__1 _1bc\"> </span><span class=\"__1 _8\"></span> Ingresos por ventas de<span class=\"__1 _6\"></span> energ\u00eda<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> De acu<span class=\"__1 _6\"></span>erdo <span class=\"__1 _6\"></span>con <span class=\"__1 _6\"></span>lo <span class=\"__1 _6\"></span>estab<span class=\"__1 _6\"></span>lecido <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>RD <span class=\"__1 _6\"></span>413/201<span class=\"__1 _6\"></span>4, <span class=\"__1 _6\"></span>las <span class=\"__1 _8\"></span>instalaciones <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>gen<span class=\"__1 _6\"></span>eraci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>energ\u00eda <span class=\"__1 _6\"></span>renovab<span class=\"__1 _6\"></span>le <span class=\"__1 _6\"></span>en Espa\u00f1a reciben determinados <span class=\"__1 _5\"></span>incentivos, estableciendo que, <span class=\"__1 _5\"></span>adicionalmente a <span class=\"__1 _5\"></span>la retribuci\u00f3n por la <span class=\"__1 _70\"></span>venta<span class=\"__1 _6\"></span> de<span class=\"__1 _70\"></span> energ\u00eda generada valorada a precio de mercado, las instalaciones podr\u00e1n percibir una retribuci\u00f3n <span class=\"__1 _6\"></span>espec\u00edfica<span class=\"__1 _1bc\"> </span>compuesta por un <span class=\"__1 _70\"></span>t\u00e9rmino por <span class=\"__1 _5\"></span>unidad de <span class=\"__1 _5\"></span>potencia (retribuci\u00f3n <span class=\"__1 _5\"></span>a la <span class=\"__1 _5\"></span>inversi\u00f3n) que <span class=\"__1 _70\"></span>cub<span class=\"__1 _6\"></span>ra c<span class=\"__1 _5\"></span>uando proceda lo<span class=\"__1 _5\"></span>s costes de invers<span class=\"__1 _6\"></span>i\u00f3n de una in<span class=\"__1 _6\"></span>stalaci\u00f3n tipo (IT) que no<span class=\"__1 _6\"></span> pueden s<span class=\"__1 _6\"></span>er recuperados por <span class=\"__1 _6\"></span>la venta d<span class=\"__1 _6\"></span>e energ\u00eda y un<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> t\u00e9rmino <span class=\"__1 _c8\"></span>a <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c8\"> </span>operaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>(retribuci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>a <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c8\"> </span>operaci\u00f3n) <span class=\"__1 _c8\"> </span>qu<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"></span>cubra <span class=\"__1 _c8\"></span>en <span class=\"__1 _c8\"></span>su <span class=\"__1 _c8\"> </span>caso, <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c8\"> </span>diferencia <span class=\"__1 _c8\"> </span>entre <span class=\"__1 _c8\"> </span>cos<span class=\"__1 _6\"></span>tes <span class=\"__1 _c8\"> </span>de<span class=\"__1 _1bc\"> </span> explotaci\u00f3n y <span class=\"__1 _5\"></span>los ingresos <span class=\"__1 _5\"></span>por <span class=\"__1 _70\"></span>la participaci\u00f3n en <span class=\"__1 _5\"></span>el m<span class=\"__1 _5\"></span>ercado de <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>icha instalaci\u00f3n. <span class=\"__1 _5\"></span>El <span class=\"__1 _5\"></span>RD est<span class=\"__1 _5\"></span>ablece, asimismo,<span class=\"__1 _1bc\"> </span> que mediante orden ministerial se actualizar\u00e1n determinad<span class=\"__1 _6\"></span>os par\u00e1metros r<span class=\"__1 _6\"></span>etributivos<span class=\"__1 _6\"></span> en cada semiper\u00edodo<span class=\"__1 _1bc\"> </span> regulatorio de tres a\u00f1<span class=\"__1 _6\"></span>os de duraci\u00f3n (v\u00e9as<span class=\"__1 _6\"></span>e Anexo III <span class=\"__1 _6\"></span><span class=\"ff6\">\u2013</span> Marco Regulatorio <span class=\"__1 _6\"></span>del Sector Energ\u00e9tico)<span class=\"__1 _6\"></span><span class=\"ls17\">. </span> Entre <span class=\"__1 _8\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>aspectos <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>esarrollados <span class=\"__1 _4\"></span>por <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>mencionado <span class=\"__1 _8\"></span>Real <span class=\"__1 _4\"></span>Decreto, <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>esta<span class=\"__1 _6\"></span>blece <span class=\"__1 _8\"></span>que <span class=\"__1 _4\"></span>las<span class=\"__1 _5\"></span> <span class=\"__1 _8\"></span>diferencias <span class=\"__1 _4\"></span>que <span class=\"__1 _8\"></span>se<span class=\"__1 _1bc\"> </span> producen <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c8\"></span>cada <span class=\"__1 _4\"></span>ejercicio,<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>entre <span class=\"__1 _c8\"> </span>los <span class=\"__1 _c8\"> </span>ingresos <span class=\"__1 _c8\"> </span>por <span class=\"__1 _c8\"></span>venta <span class=\"__1 _4\"></span>de <span class=\"__1 _c8\"> </span>energ\u00eda <span class=\"__1 _c8\"></span>al <span class=\"__1 _4\"></span>p<span class=\"__1 _6\"></span>recio <span class=\"__1 _4\"></span>es<span class=\"__1 _6\"></span>timado, <span class=\"__1 _c8\"></span>estimaci\u00f3n <span class=\"__1 _c8\"></span>que<span class=\"__1 _1bc\"> </span> determina <span class=\"__1 _6\"></span>el regulado<span class=\"__1 _6\"></span>r al <span class=\"__1 _6\"></span>inicio<span class=\"__1 _6\"></span> de <span class=\"__1 _6\"></span>cada s<span class=\"__1 _6\"></span>emiper\u00edodo <span class=\"__1 _6\"></span>regulato<span class=\"__1 _6\"></span>rio trianu<span class=\"__1 _6\"></span>al, y <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>ingresos <span class=\"__1 _6\"></span>por v<span class=\"__1 _6\"></span>enta al <span class=\"__1 _6\"></span>precio<span class=\"__1 _1bc\"> </span> medio real <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>m<span class=\"__1 _6\"></span>ercado <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>dicho <span class=\"__1 _6\"></span>ejercicio, <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>regularizan <span class=\"__1 _6\"></span>en<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>retribuci\u00f3n <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>obtener <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>ejercicios <span class=\"__1 _6\"></span>futuros <span class=\"__1 _6\"></span>a<span class=\"__1 _1bc\"> </span> trav\u00e9s <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>un <span class=\"__1 _4\"></span>ajuste <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>n <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>\u201c<span class=\"ff4\">R</span>etribuci\u00f3n <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>inversi\u00f3n\u201d. <span class=\"__1 _4\"></span>Dicha <span class=\"__1 _4\"></span>difere<span class=\"__1 _5\"></span>ncia <span class=\"__1 _4\"></span>denominada <span class=\"__1 _4\"></span>\u201cValor <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>ajuste <span class=\"__1 _4\"></span>por<span class=\"__1 _1bc\"> </span> desviaciones <span class=\"__1 _70\"></span>en <span class=\"__1 _70\"></span>el <span class=\"__1 _70\"></span>pre<span class=\"__1 _6\"></span>cio <span class=\"__1 _70\"></span>del <span class=\"__1 _70\"></span>mercado<span class=\"__1 _6\"></span>- <span class=\"__1 _70\"></span><span class=\"ff6\">Vajdm\u201d <span class=\"__1 _70\"></span>v<span class=\"__1 _6\"></span>iene <span class=\"__1 _70\"></span>regula<span class=\"__1 _6\"></span>da <span class=\"__1 _70\"></span>en <span class=\"__1 _70\"></span>el <span class=\"__1 _70\"></span>art\u00edculo <span class=\"__1 _5\"></span>22 <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>dicho <span class=\"__1 _5\"></span>Real <span class=\"__1 _70\"></span>Decreto <span class=\"__1 _70\"></span>(v<span class=\"__1 _6\"></span>\u00e9a<span class=\"ff4\">n<span class=\"__1 _6\"></span>se<span class=\"__1 _1bc\"> </span></span></span><span class=\"ff6\"><span class=\"ff4\"> </span></span>Nota 10 y Anexo III).<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> El  tratamiento  contable  aplicado  por  ENCE<span class=\"__1 _6\"></span>  al  Vajdm  qued\u00f3  recogido  en  el <span class=\"__1 _ca\"> </span>docume<span class=\"__1 _6\"></span>nto  \u201cCriterio  para<span class=\"__1 _1bc\"> </span> contabilizar <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>\u201cValor<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>ajus<span class=\"__1 _6\"></span>tes <span class=\"__1 _6\"></span>por <span class=\"__1 _6\"></span>desviacion<span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el p<span class=\"__1 _6\"></span>recio <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>mercado\u201d<span class=\"__1 _6\"></span> (<span class=\"__1 _6\"></span>Vajdm), <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e acu<span class=\"__1 _6\"></span>erdo <span class=\"__1 _6\"></span>con <span class=\"__1 _6\"></span>el<span class=\"__1 _1bc\"> </span> art\u00edculo 22 del real decr<span class=\"__1 _6\"></span><span class=\"ff6\">eto 413/2014\u201d pub<span class=\"__1 _6\"></span>licado por la CNMV el 22 d<span class=\"__1 _6\"></span>e octubre d<span class=\"__1 _6\"></span>e 2021: </span><span class=\"ff6\"><span class=\"__1 _6\"></span></span> \u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4 fc0_1\">Con car\u00e1cter general <span class=\"__1 _6\"></span>se recon<span class=\"__1 _6\"></span>oce en <span class=\"__1 _6\"></span>el Es<span class=\"__1 _6\"></span>tado d<span class=\"__1 _6\"></span>e Situaci\u00f3n Financiera <span class=\"__1 _6\"></span>cada <span class=\"__1 _6\"></span>una <span class=\"__1 _6\"></span>de las d<span class=\"__1 _6\"></span>esviaciones del<span class=\"__1 _1bc\"> </span></span></span><span class=\"ff2_1\"><span class=\"ff4 fc0_1\"> </span></span>mercado, pos<span class=\"__1 _6\"></span>itivas y <span class=\"__1 _6\"></span>negativas <span class=\"__1 _6\"></span>que surgen <span class=\"__1 _6\"></span>al amparo <span class=\"__1 _6\"></span>del RD 413/20<span class=\"__1 _6\"></span>14 con <span class=\"__1 _6\"></span>contrapartida <span class=\"__1 _6\"></span>en e<span class=\"__1 _8\"></span>l importe<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> neto de la cifra de negocios. <span class=\"__1 _6\"></span> En este sentido, los ajustes por desviacion<span class=\"__1 _6\"></span>es del pool positivos netos que se vayan generan<span class=\"__1 _6\"></span>do a lo largo<span class=\"__1 _1bc\"> </span> de <span class=\"__1 _6\"></span>un <span class=\"__1 _8\"></span>mismo <span class=\"__1 _6\"></span>semiperiodo <span class=\"__1 _6\"></span>reg<span class=\"__1 _6\"></span>ulatorio <span class=\"__1 _6\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>repres<span class=\"__1 _6\"></span>entar\u00e1n <span class=\"__1 _6\"></span>un <span class=\"__1 _8\"></span>incremento <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>las <span class=\"__1 _8\"></span>retribuciones <span class=\"__1 _6\"></span>futu<span class=\"__1 _6\"></span>ras<span class=\"__1 _1bc\"> </span> recibidas d<span class=\"ff6\">e <span class=\"__1 _5\"></span>CNMC se <span class=\"__1 _5\"></span>registra<span class=\"__1 _6\"></span>n como <span class=\"__1 _70\"></span>u<span class=\"__1 _6\"></span>n activo <span class=\"__1 _5\"></span>en el <span class=\"__1 _70\"></span>ep\u00ed<span class=\"__1 _6\"></span>grafe \u201cOtras inversiones f<span class=\"__1 _5\"></span>inancieras<span class=\"__1 _6\"></span>\u201d y <span class=\"__1 _70\"></span>como un<span class=\"__1 _1bc\"> </span></span><span class=\"ff6\"> </span>mayor ingreso <span class=\"__1 _6\"></span>asociad<span class=\"__1 _6\"></span>o a <span class=\"__1 _6\"></span>la v<span class=\"__1 _6\"></span>enta de <span class=\"__1 _6\"></span>electricidad. <span class=\"__1 _6\"></span>Dicho <span class=\"__1 _6\"></span>activo <span class=\"__1 _6\"></span>neto, <span class=\"__1 _6\"></span>una <span class=\"__1 _6\"></span>vez finalizad<span class=\"__1 _6\"></span>o el <span class=\"__1 _6\"></span>semiperiodo<span class=\"__1 _1bc\"> </span> regulatorio <span class=\"__1 _4\"></span>se <span class=\"__1 _8\"></span>revierte <span class=\"__1 _4\"></span>reduciendo <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>ingres<span class=\"__1 _6\"></span>o <span class=\"__1 _4\"></span>asociado <span class=\"__1 _8\"></span>a <span class=\"__1 _4\"></span>la <span class=\"__1 _c8\"></span>venta <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>electricidad <span class=\"__1 _4\"></span>a <span class=\"__1 _8\"></span>lo <span class=\"__1 _4\"></span>largo <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>vida<span class=\"__1 _1bc\"> </span> regulatoria restante de la in<span class=\"__1 _6\"></span>stalaci\u00f3n.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> Por su <span class=\"__1 _5\"></span>parte, los <span class=\"__1 _5\"></span>ajustes por de<span class=\"__1 _5\"></span>sviaciones del pool <span class=\"__1 _5\"></span>negativos netos que <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _5\"></span>vayan generando a <span class=\"__1 _5\"></span>lo largo <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span> un <span class=\"__1 _c8\"> </span>mis<span class=\"__1 _6\"></span>mo <span class=\"__1 _c8\"> </span>semiperiod<span class=\"__1 _6\"></span>o <span class=\"__1 _c8\"> </span>regul<span class=\"__1 _6\"></span>atorio <span class=\"__1 _c6\"> </span>y <span class=\"__1 _c8\"> </span>qu<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"> </span>representar\u00e1n<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>una <span class=\"__1 _c6\"> </span>reducci\u00f3n  en <span class=\"__1 _c8\"> </span>las <span class=\"__1 _c6\"> </span>retribuciones <span class=\"__1 _c6\"> </span>futuras<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> recibidas <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>CNM<span class=\"__1 _6\"></span>C <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>registran <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>funci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>su<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>encimien<span class=\"__1 _6\"></span>to <span class=\"__1 _8\"></span>como <span class=\"__1 _6\"></span>un<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>pas<span class=\"__1 _6\"></span>ivo <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>ep\u00edgrafes <span class=\"__1 _8\"></span>\u201cOtros<span class=\"__1 _1bc\"> </span> pasivos <span class=\"__1 _4\"></span>no <span class=\"__1 _8\"></span>corrient<span class=\"__1 _6\"></span>es\u201d <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>\u201cOtros <span class=\"__1 _4\"></span>pasivos <span class=\"__1 _4\"></span>corrientes\u201d <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>como <span class=\"__1 _4\"></span>un <span class=\"__1 _8\"></span>menor <span class=\"__1 _4\"></span>ingreso <span class=\"__1 _4\"></span>asociado <span class=\"__1 _8\"></span>a <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>venta <span class=\"__1 _8\"></span>de<span class=\"__1 _1bc\"> </span> electricidad. Dicho <span class=\"__1 _70\"></span>pasiv<span class=\"__1 _6\"></span>o <span class=\"__1 _5\"></span>neto, <span class=\"__1 _5\"></span>una vez <span class=\"__1 _70\"></span>finalizado el <span class=\"__1 _70\"></span>semiperiodo re<span class=\"__1 _5\"></span>gulatorio se <span class=\"__1 _70\"></span>revierte <span class=\"__1 _5\"></span>incrementand<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span> el ingreso asociado a<span class=\"__1 _6\"></span> la venta de electricidad a<span class=\"__1 _6\"></span> lo largo de la vid<span class=\"__1 _6\"></span>a regulatoria restante d<span class=\"__1 _6\"></span>e la instalaci\u00f3n.<span class=\"__1 _1bc\"> </span><div class=\"c_1 w2_1 h58 gs8a\"><div class=\"t_1 m0_1 x69 h73 y473 ffa fs4 fc6 sc0_1 ls0_1 ws0_1\">\u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4 fc0_1\">El <span class=\"__1 _c8\"> </span>r\u00e9gimen <span class=\"__1 _c8\"> </span>retributiv<span class=\"__1 _6\"></span>o <span class=\"__1 _c8\"> </span>s<span class=\"__1 _6\"></span>upone <span class=\"__1 _c8\"> </span>una <span class=\"__1 _c6\"> </span>garant\u00eda <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"></span>rentabilidad <span class=\"__1 _c6\"> </span>m\u00ednima, <span class=\"__1 _c8\"> </span>p<span class=\"__1 _6\"></span>ero<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>n<span class=\"__1 _6\"></span>o <span class=\"__1 _c8\"> </span>impone <span class=\"__1 _c8\"> </span>un <span class=\"__1 _c6\"> </span>techo <span class=\"__1 _c6\"> </span>a <span class=\"__1 _c8\"> </span>la<span class=\"__1 _1bc\"> </span></span></span><span class=\"ff2_1\"><span class=\"ff4 fc0_1\"> </span></span></div><div class=\"t_1 m0_1 x45 h8_1 y474 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">rentabilidad <span class=\"__1 _8\"></span>obten<span class=\"__1 _6\"></span>ible <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>mercado, <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>or <span class=\"__1 _8\"></span>lo <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>aj<span class=\"__1 _6\"></span>ustes <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>or <span class=\"__1 _8\"></span>desviaciones<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>pool <span class=\"__1 _8\"></span>negativos <span class=\"__1 _4\"></span>tienen<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x45 h8_1 y475 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">como l\u00edm<span class=\"__1 _5\"></span>ite, para cada <span class=\"__1 _5\"></span>instalaci\u00f3n, su Valor <span class=\"__1 _70\"></span>Neto del <span class=\"__1 _70\"></span>Activ<span class=\"__1 _6\"></span>o <span class=\"ff6\">\u2013</span> VNA <span class=\"__1 _70\"></span>(concepto retributivo que representa<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x45 h8_1 y476 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">el valor actual de los<span class=\"__1 _6\"></span> cobro<span class=\"__1 _6\"></span>s futuros en concepto d<span class=\"__1 _6\"></span>e retribuci\u00f3n a la inversi\u00f3n<span class=\"__1 _6\"></span>).<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h73 y477 ffa fs4 fc6 sc0_1 ls0_1 ws0_1\">\u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4 fc0_1\">A <span class=\"__1 _8\"></span>efectos <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>presentaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>Esta<span class=\"__1 _6\"></span>do <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>Situaci\u00f3n <span class=\"__1 _4\"></span>Financiera, <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>saldos <span class=\"__1 _8\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>han <span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>riginado <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>e<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span></span></span><span class=\"ff2_1\"><span class=\"ff4 fc0_1\"> </span></span></div><div class=\"t_1 m0_1 x45 h8_1 y478 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">semiper\u00edodo <span class=\"__1 _4\"></span>corriente <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>presentar\u00e1n <span class=\"__1 _4\"></span>para <span class=\"__1 _4\"></span>cada <span class=\"__1 _4\"></span>instalaci\u00f3n <span class=\"__1 _4\"></span>como <span class=\"__1 _4\"></span>un <span class=\"__1 _4\"></span>activo <span class=\"__1 _4\"></span>neto, <span class=\"__1 _4\"></span>si <span class=\"__1 _4\"></span>las <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>esviacion<span class=\"__1 _8\"></span>es<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x45 h8_1 y479 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">positivas <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c8\"></span>el <span class=\"__1 _4\"></span>semiperiodo <span class=\"__1 _c8\"> </span>su<span class=\"__1 _6\"></span>peran <span class=\"__1 _c8\"></span>a <span class=\"__1 _c8\"></span>las <span class=\"__1 _4\"></span>n<span class=\"__1 _6\"></span>egativas, <span class=\"__1 _c8\"></span>o <span class=\"__1 _4\"></span>un <span class=\"__1 _c8\"></span>pasivo <span class=\"__1 _c8\"></span>neto, <span class=\"__1 _c8\"></span>si <span class=\"__1 _c8\"></span>las <span class=\"__1 _4\"></span>desv<span class=\"__1 _6\"></span>iaciones <span class=\"__1 _4\"></span>negativ<span class=\"__1 _6\"></span>as<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x45 h8_1 y47a ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">superan <span class=\"__1 _8\"></span>a las <span class=\"__1 _8\"></span>positivas. <span class=\"__1 _6\"></span>Por <span class=\"__1 _6\"></span>lo <span class=\"__1 _6\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>refiere <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>semiper\u00edodos <span class=\"__1 _8\"></span>anteriores, <span class=\"__1 _6\"></span>igualmente <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>resentar\u00e1n<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x45 h8_1 y47b ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">para  cada  instalaci\u00f3n  como <span class=\"__1 _c6\"> </span>un  activo  neto <span class=\"__1 _ca\"> </span>si  los  importes <span class=\"__1 _c6\"> </span>acumulad<span class=\"__1 _6\"></span>os  por  desviaciones <span class=\"__1 _c6\"> </span>p<span class=\"__1 _6\"></span>ositivas<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x45 h8_1 y47c ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">correspondientes <span class=\"__1 _d1\"> </span>a <span class=\"__1 _cc\"> </span>todos <span class=\"__1 _d1\"> </span>los <span class=\"__1 _cc\"> </span>semiper\u00edodos <span class=\"__1 _cc\"> </span>an<span class=\"__1 _6\"></span>teriores <span class=\"__1 _cc\"> </span>sup<span class=\"__1 _6\"></span>eran <span class=\"__1 _cc\"> </span>los <span class=\"__1 _cc\"> </span>importes<span class=\"__1 _6\"></span> <span class=\"__1 _cc\"> </span>acumulados <span class=\"__1 _d1\"> </span>por<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x45 h8_1 y47d ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">desviaciones  negativas <span class=\"__1 _ca\"> </span>correspondientes  igualmente <span class=\"__1 _c6\"> </span>a  dichos  semiper\u00edodos <span class=\"__1 _c6\"> </span>anteriore<span class=\"__1 _6\"></span>s,  o <span class=\"__1 _c6\"> </span>como  un<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x45 h8_1 y47e ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">pasivo n<span class=\"__1 _6\"></span>eto en caso cont<span class=\"__1 _6\"></span>rario.  </div><div class=\"t_1 m0_1 x69 h8_1 y47f ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">No <span class=\"__1 _6\"></span>obstante <span class=\"__1 _6\"></span>lo <span class=\"__1 _6\"></span>anterior, <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>i a <span class=\"__1 _8\"></span>lo largo <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>vida <span class=\"__1 _6\"></span>regulatoria <span class=\"__1 _6\"></span>resid<span class=\"__1 _6\"></span>ual <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>activos, <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>considera, <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>acuerdo<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x69 h8_1 y480 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">con <span class=\"__1 _6\"></span>su <span class=\"__1 _6\"></span>mejor <span class=\"__1 _6\"></span>estimaci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>evoluci\u00f3n <span class=\"__1 _6\"></span>futu<span class=\"__1 _6\"></span>ra <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>los p<span class=\"__1 _6\"></span>recios <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>mercado d<span class=\"__1 _6\"></span>e la <span class=\"__1 _6\"></span>energ\u00eda <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e otro<span class=\"__1 _6\"></span>s <span class=\"__1 _6\"></span>factores<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 y481 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">cualitativos, <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>ser\u00eda <span class=\"__1 _8\"></span>altam<span class=\"__1 _6\"></span>ente <span class=\"__1 _4\"></span>probable <span class=\"__1 _4\"></span>que <span class=\"__1 _8\"></span>se <span class=\"__1 _4\"></span>obtendr\u00e1n <span class=\"__1 _4\"></span>rentabilidades <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>mercad<span class=\"__1 _6\"></span>o <span class=\"__1 _4\"></span>superiores <span class=\"__1 _4\"></span>a <span class=\"__1 _8\"></span>las<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 y482 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">establecidas <span class=\"__1 _c9\"> </span>en <span class=\"__1 _c9\"> </span>el <span class=\"__1 _c9\"> </span>RD <span class=\"__1 _c9\"> </span>413/2014 <span class=\"__1 _c9\"> </span>y <span class=\"__1 _c9\"> </span>q<span class=\"__1 _6\"></span>ue, <span class=\"__1 _c9\"> </span>por <span class=\"__1 _c9\"> </span>lo <span class=\"__1 _c9\"> </span>tanto, <span class=\"__1 _c9\"> </span>abandonar <span class=\"__1 _c9\"> </span>el <span class=\"__1 _c9\"> </span>r\u00e9gimen <span class=\"__1 _c9\"> </span>retributivo <span class=\"__1 _c9\"> </span>no <span class=\"__1 _c9\"> </span>ten<span class=\"__1 _6\"></span>dr\u00eda<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 y483 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">consecuencias <span class=\"__1 _ca\"> </span>econ\u00f3micas <span class=\"__1 _c6\"> </span>s<span class=\"__1 _6\"></span>ignificativamente <span class=\"__1 _c6\"> </span>m\u00e1s<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>adv<span class=\"__1 _6\"></span>ersas <span class=\"__1 _c6\"> </span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _c6\"> </span>permanecer <span class=\"__1 _c6\"> </span>en  dicho <span class=\"__1 _c6\"> </span>r\u00e9gi<span class=\"__1 _6\"></span>men,<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c6\"> </span>es<span class=\"__1 _6\"></span>a<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 y484 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">situaci\u00f3n s<span class=\"__1 _6\"></span>e reconoce s\u00f3lo el activo asociado a las d<span class=\"__1 _6\"></span>esviaciones del pool positivas. Esta<span class=\"__1 _6\"></span> situaci\u00f3n se produce<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 y485 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">en <span class=\"__1 _c6\"> </span>aq<span class=\"__1 _6\"></span>uellas  instalaciones <span class=\"__1 _ca\"> </span>tipo <span class=\"__1 _c6\"> </span>(IT)  en <span class=\"__1 _c6\"> </span>las  que, <span class=\"__1 _c6\"> </span>consid<span class=\"__1 _6\"></span>erando <span class=\"__1 _c6\"> </span>las<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>prevision<span class=\"__1 _6\"></span>es <span class=\"__1 _ca\"> </span>de <span class=\"__1 _ca\"> </span>precios <span class=\"__1 _ca\"> </span>de <span class=\"__1 _ca\"> </span>mercado, <span class=\"__1 _ca\"> </span>la<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 y486 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">direcci\u00f3n <span class=\"__1 _c6\"> </span>del <span class=\"__1 _c6\"> </span>Grupo <span class=\"__1 _c6\"> </span>estim<span class=\"__1 _6\"></span>e <span class=\"__1 _c6\"> </span>que<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c6\"> </span>revisi\u00f3n <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c6\"> </span>par\u00e1metros <span class=\"__1 _c6\"> </span>retribu<span class=\"__1 _6\"></span>tivos <span class=\"__1 _c6\"> </span>correspo<span class=\"__1 _6\"></span>ndiente <span class=\"__1 _c8\"> </span>al <span class=\"__1 _c6\"> </span>s<span class=\"__1 _6\"></span>iguiente<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 y487 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">semiperiodo <span class=\"__1 _8\"></span>regulatorio <span class=\"__1 _8\"></span>es <span class=\"__1 _6\"></span>prob<span class=\"__1 _6\"></span>able <span class=\"__1 _6\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>se <span class=\"__1 _8\"></span>obtenga <span class=\"__1 _8\"></span>retribuci\u00f3n <span class=\"__1 _8\"></span>futura <span class=\"__1 _8\"></span>del <span class=\"__1 _6\"></span>regulad<span class=\"__1 _6\"></span>or, <span class=\"__1 _6\"></span>o <span class=\"__1 _8\"></span>bien, <span class=\"__1 _8\"></span>esta <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>er\u00e1<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 y488 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">poco <span class=\"__1 _8\"></span>significativa.<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>En <span class=\"__1 _8\"></span>estos <span class=\"__1 _8\"></span>casos <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>cons<span class=\"__1 _6\"></span>idera <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>valoraci\u00f3n <span class=\"__1 _8\"></span>asignable <span class=\"__1 _8\"></span>al<span class=\"__1 _8\"></span> <span class=\"__1 _8\"></span>pasivo <span class=\"__1 _8\"></span>asociado <span class=\"__1 _8\"></span>al <span class=\"__1 _8\"></span>ajuste <span class=\"__1 _8\"></span>por<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 y489 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">desviaciones <span class=\"__1 _c8\"> </span>por <span class=\"__1 _c8\"> </span>precios <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>mercado <span class=\"__1 _c8\"> </span>es <span class=\"__1 _c8\"> </span>cero <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c8\"> </span>por <span class=\"__1 _c8\"> </span>tanto <span class=\"__1 _c8\"> </span>se <span class=\"__1 _c8\"> </span>regulariza <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c8\"> </span>ese <span class=\"__1 _c8\"> </span>mom<span class=\"__1 _6\"></span>ento <span class=\"__1 _c8\"></span>las <span class=\"__1 _c8\"></span>diferencias<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 y48a ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">negativas <span class=\"__1 _c8\"> </span>existentes<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>hasta <span class=\"__1 _c8\"> </span>esa <span class=\"__1 _c8\"> </span>fecha <span class=\"__1 _c8\"> </span>a <span class=\"__1 _c6\"> </span>trav\u00e9s <span class=\"__1 _c8\"> </span>del <span class=\"__1 _c8\"> </span>mismo <span class=\"__1 _c6\"> </span>ep\u00edgrafe <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c8\"> </span>cuenta <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c8\"></span>p\u00e9rdidas <span class=\"__1 _c6\"> </span>y <span class=\"__1 _c8\"> </span>ganancias<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 y48b ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">consolidada <span class=\"__1 _6\"></span>y conforme a lo es<span class=\"__1 _6\"></span>tablecido por la N<span class=\"__1 _6\"></span>IC 8 respecto de un cambio <span class=\"__1 _6\"></span>en las estimaciones.<span class=\"__1 _1bc\"> </span><span class=\"__1 _8\"></span> </div><div class=\"t_1 m0_1 x69 h8_1 y48c ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">En <span class=\"__1 _8\"></span>sentido <span class=\"__1 _8\"></span>contrario, <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>i <span class=\"__1 _6\"></span>como <span class=\"__1 _8\"></span>con<span class=\"__1 _6\"></span>secuencia <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>oscilaciones <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>precio <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>mercado <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>futuro, <span class=\"__1 _8\"></span>diferencias<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 y48d ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">negativas <span class=\"__1 _4\"></span>valoradas<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>cero <span class=\"__1 _8\"></span>conforme <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>lo <span class=\"__1 _4\"></span>comentado <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>p\u00e1rrafos <span class=\"__1 _4\"></span>anteriore<span class=\"__1 _8\"></span>s <span class=\"__1 _4\"></span>recuperasen <span class=\"__1 _4\"></span>valor <span class=\"__1 _4\"></span>como<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 y48e ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">consecuencia en el cambio de e<span class=\"__1 _5\"></span>xpectativas respecto del valor del VNA del <span class=\"__1 _5\"></span>IT asociado o de <span class=\"__1 _5\"></span>la expectativa de<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 y48f ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">cobro  de  retribuci\u00f3n  a  la  in<span class=\"__1 _5\"></span>versi\u00f3n,  dicha  modificaci\u00f3n  se  registrar\u00eda  igualmente  como  un  cambio  en<span class=\"__1 _1bc\"> </span><span class=\"__1 _5\"></span> </div><div class=\"t_1 m0_1 x69 h8_1 y490 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">estimaciones confor<span class=\"__1 _6\"></span>me a lo indicado en<span class=\"__1 _6\"></span> la NIC 8.<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 y491 ff4 fs4 fc0_1 sc0_1 ls24 ws0_1\">Al <span class=\"__1 _8\"></span><span class=\"ls0_1\">31 <span class=\"__1 _4\"></span>de <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>iciembre <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>2023, <span class=\"__1 _8\"></span>cons<span class=\"__1 _6\"></span>iderando <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>situaci\u00f3n <span class=\"__1 _8\"></span>actual <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>mercado <span class=\"__1 _8\"></span>energ\u00e9tico, <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>evoluci\u00f3n <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>las<span class=\"__1 _1bc\"> </span></span><span class=\"ls0_1\"> </span></div><div class=\"t_1 m0_1 x69 h8_1 y492 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">cotizaciones <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>futuro <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>precios <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>energ\u00eda <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>corto <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>medio <span class=\"__1 _4\"></span>plazo, <span class=\"__1 _4\"></span>as\u00ed <span class=\"__1 _4\"></span>como <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>regulaci\u00f3n <span class=\"__1 _4\"></span>vigente, <span class=\"__1 _4\"></span>el<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 y493 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Grupo <span class=\"__1 _70\"></span>registra <span class=\"__1 _70\"></span>pas<span class=\"__1 _6\"></span>ivo <span class=\"__1 _70\"></span>derivado<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>del <span class=\"__1 _70\"></span>ajus<span class=\"__1 _6\"></span>te <span class=\"__1 _70\"></span>por <span class=\"__1 _70\"></span>desviaciones<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>negativas<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>precios <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>mercado <span class=\"__1 _70\"></span>existente <span class=\"__1 _70\"></span>a<span class=\"__1 _6\"></span> dicha<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 y494 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">fecha en todas la<span class=\"__1 _6\"></span>s IT en las que opera.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x69 h64 y495 ff3_1 fs0_1 fc5 sc0_1 ls0_1 ws0_1\">3.16<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Impuesto sobre beneficio<span class=\"__1 _5\"></span>s<span class=\"__1 _1bc\"> </span></span></span><span class=\"ff5\"><span class=\"ff3_1 fc3\"> </span></span></div><div class=\"t_1 m0_1 x69 h8_1 y271 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"__1 _6\"></span>Grupo <span class=\"__1 _6\"></span>tributa <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>Impuesto<span class=\"__1 _6\"></span> s<span class=\"__1 _6\"></span>obre <span class=\"__1 _6\"></span>Sociedades <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>trav\u00e9s <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e d<span class=\"__1 _6\"></span>os <span class=\"__1 _6\"></span>Grupos <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>cons<span class=\"__1 _6\"></span>olidaci\u00f3n <span class=\"__1 _6\"></span>fiscal <span class=\"__1 _6\"></span>regu<span class=\"__1 _8\"></span>lados<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 y496 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">en <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>Cap\u00edtulo <span class=\"__1 _4\"></span>VI <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _4\"></span>T\u00edtulo <span class=\"__1 _4\"></span>V<span class=\"__1 _6\"></span>II <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>Texto <span class=\"__1 _c8\"></span>Refundido <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>la <span class=\"__1 _c8\"></span>Ley <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>Impuesto <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>obre <span class=\"__1 _4\"></span>Socied<span class=\"__1 _6\"></span>ades, <span class=\"__1 _4\"></span>siendo <span class=\"__1 _c8\"></span>las<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 y3f6 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">cabeceras de <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>ichos Grupos Ence Energ\u00eda <span class=\"__1 _70\"></span>y Celulosa, S.A. y Magnon <span class=\"__1 _70\"></span>Gre<span class=\"__1 _6\"></span>en Energy, <span class=\"__1 _5\"></span>S.L. Se <span class=\"__1 _5\"></span>integran en <span class=\"__1 _5\"></span>dichos<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 y3f7 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Grupos <span class=\"__1 _6\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>filiales <span class=\"__1 _6\"></span>qu<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>est\u00e1n <span class=\"__1 _8\"></span>domiciliadas<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>E<span class=\"__1 _6\"></span>spa\u00f1a <span class=\"__1 _8\"></span>y <span class=\"__1 _6\"></span>sobre <span class=\"__1 _6\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>que <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>cabecera <span class=\"__1 _6\"></span>tiene <span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>na <span class=\"__1 _8\"></span>participaci\u00f3n <span class=\"__1 _6\"></span>en<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 y3f8 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">su capital s<span class=\"__1 _6\"></span>ocial igual o superior al 75%. <span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x69 h8_1 y276 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"__1 _c6\"> </span>gasto<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>o <span class=\"__1 _ca\"> </span>ingreso <span class=\"__1 _c6\"> </span>po<span class=\"__1 _6\"></span>r <span class=\"__1 _c6\"> </span>el <span class=\"__1 _c6\"> </span>Im<span class=\"__1 _6\"></span>puesto <span class=\"__1 _ca\"> </span>sobre <span class=\"__1 _c6\"> </span>Sociedad<span class=\"__1 _6\"></span>es <span class=\"__1 _c6\"> </span>comprende <span class=\"__1 _ca\"> </span>tanto <span class=\"__1 _ca\"> </span>el <span class=\"__1 _c6\"> </span>impuesto<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>corriente <span class=\"__1 _ca\"> </span>como <span class=\"__1 _c6\"> </span>e<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 y277 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">impuesto  diferido.  El <span class=\"__1 _cb\"> </span>impuesto  sobre  las  gan<span class=\"__1 _6\"></span>ancias  corriente  o  diferido  se  reconoce  en <span class=\"__1 _cb\"> </span>el  Estado  de<span class=\"__1 _1bc\"> </span><span class=\"__1 _5\"></span> </div><div class=\"t_1 m0_1 x69 h8_1 y497 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Resultado <span class=\"__1 _6\"></span>consolidado, s<span class=\"__1 _6\"></span>alvo que su<span class=\"__1 _6\"></span>rja de un<span class=\"__1 _6\"></span>a transacci\u00f3n o <span class=\"__1 _6\"></span>suceso <span class=\"__1 _6\"></span>econ\u00f3mico q<span class=\"__1 _6\"></span>ue se ha <span class=\"__1 _6\"></span>reconocido, <span class=\"__1 _6\"></span>en el<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 y498 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">mismo ejercicio o en otro d<span class=\"__1 _6\"></span>iferente, contra<span class=\"__1 _6\"></span> patrimonio neto o<span class=\"__1 _6\"></span> de una combinaci\u00f3<span class=\"__1 _6\"></span>n de negocios.<span class=\"__1 _1bc\"> </span><span class=\"__1 _8\"></span> </div></div><div class=\"c_1 w2_1 h58 gs8c\"><div class=\"t_1 m0_1 x69 h8_1 y1ef ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Los <span class=\"__1 _70\"></span>act<span class=\"__1 _6\"></span>ivos <span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>pas<span class=\"__1 _6\"></span>ivos <span class=\"__1 _70\"></span>por im<span class=\"__1 _5\"></span>puesto <span class=\"__1 _5\"></span>sobre <span class=\"__1 _70\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>ganan<span class=\"__1 _6\"></span>cias <span class=\"__1 _70\"></span>corrie<span class=\"__1 _6\"></span>ntes <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>valoran<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>por <span class=\"__1 _5\"></span>las <span class=\"__1 _70\"></span>can<span class=\"__1 _6\"></span>tidades <span class=\"__1 _70\"></span>qu<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>se <span class=\"__1 _70\"></span>es<span class=\"__1 _6\"></span>pera<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 y21b ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">pagar <span class=\"__1 _8\"></span>o <span class=\"__1 _6\"></span>recup<span class=\"__1 _6\"></span>erar <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>autoridades <span class=\"__1 _8\"></span>fiscales, <span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>tilizando <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>normativa <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>tipos <span class=\"__1 _8\"></span>impositivos <span class=\"__1 _6\"></span>apro<span class=\"__1 _6\"></span>bados <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>los<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 y21c ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">pa\u00edses que op<span class=\"__1 _6\"></span>eran las sociedades d<span class=\"__1 _6\"></span>el Gr<span class=\"ls14\">upo</span>.<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 y21d ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">La <span class=\"__1 _6\"></span>contabilizaci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>activos <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>pasivos <span class=\"__1 _6\"></span>por impuesto<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>diferido se <span class=\"__1 _6\"></span>determina <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>funci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>diferencias<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 y262 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">entre <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>v<span class=\"__1 _6\"></span>alor <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>libros <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>act<span class=\"__1 _6\"></span>ivos <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>pasivos <span class=\"__1 _8\"></span>y <span class=\"__1 _4\"></span>su <span class=\"__1 _8\"></span>base <span class=\"__1 _8\"></span>fiscal, <span class=\"__1 _4\"></span>utilizando <span class=\"__1 _8\"></span>las <span class=\"__1 _4\"></span>tasas <span class=\"__1 _8\"></span>fiscales <span class=\"__1 _8\"></span>que <span class=\"__1 _4\"></span>se <span class=\"__1 _8\"></span>espera<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 y241 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">objetivamente  que <span class=\"__1 _ca\"> </span>est\u00e9n  en <span class=\"__1 _c6\"> </span>v<span class=\"__1 _6\"></span>igor  cuando  lo<span class=\"__1 _5\"></span>s  activos <span class=\"__1 _c6\"> </span>y  pasivos  se <span class=\"__1 _ca\"> </span>realicen,  valor<span class=\"__1 _5\"></span>  que <span class=\"__1 _c6\"> </span>coincide  con  el<span class=\"__1 _1bc\"> </span><span class=\"__1 _5\"></span> </div><div class=\"t_1 m0_1 x69 h8_1 y242 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">gravamen  vigente <span class=\"__1 _c6\"> </span>en  cada  momento.  Es<span class=\"__1 _6\"></span>tos  activos  y <span class=\"__1 _c6\"> </span>pasivos  se <span class=\"__1 _ca\"> </span>reconocen  en <span class=\"__1 _c6\"> </span>el  Estad<span class=\"__1 _6\"></span>o  de <span class=\"__1 _c6\"> </span>Situaci\u00f3<span class=\"__1 _6\"></span>n<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 y243 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Financiera consolidado como \u201cno <span class=\"__1 _5\"></span>corrientes\u201d, independientemente de <span class=\"__1 _5\"></span>la fecha de <span class=\"__1 _5\"></span>esperada <span class=\"__1 _6\"></span><span class=\"ff4\">de re<span class=\"__1 _5\"></span>alizaci\u00f3n o<span class=\"__1 _1bc\"> </span></span><span class=\"ff4\"> </span></div><div class=\"t_1 m0_1 x69 h8_1 y40e ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">liquidaci\u00f3n.<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 y222 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"__1 _6\"></span>Grupo <span class=\"__1 _8\"></span>reconoce <span class=\"__1 _6\"></span>con <span class=\"__1 _8\"></span>car\u00e1cter <span class=\"__1 _6\"></span>general <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>pasivos <span class=\"__1 _6\"></span>po<span class=\"__1 _6\"></span>r <span class=\"__1 _6\"></span>impuesto <span class=\"__1 _6\"></span>diferido <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>todos <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>casos. <span class=\"__1 _4\"></span>Por s<span class=\"__1 _6\"></span>u <span class=\"__1 _6\"></span>parte,<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 y223 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">los <span class=\"__1 _c6\"> </span>activ<span class=\"__1 _6\"></span>os <span class=\"__1 _c6\"> </span>p<span class=\"__1 _6\"></span>or <span class=\"__1 _c6\"> </span>impuesto  diferido <span class=\"__1 _c6\"> </span>s\u00f3lo <span class=\"__1 _ca\"> </span>se <span class=\"__1 _c6\"> </span>recon<span class=\"__1 _6\"></span>ocen <span class=\"__1 _c6\"> </span>en  el <span class=\"__1 _c6\"> </span>caso <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c6\"> </span>que  se <span class=\"__1 _c8\"> </span>con<span class=\"__1 _6\"></span>sidere<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>probab<span class=\"__1 _6\"></span>le <span class=\"__1 _c6\"> </span>que <span class=\"__1 _ca\"> </span>las<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 y224 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">entidades cons<span class=\"__1 _6\"></span>olidadas<span class=\"__1 _6\"></span> van a tener en el futuro s<span class=\"__1 _6\"></span>uficientes ganan<span class=\"__1 _6\"></span>cias fiscales contra<span class=\"__1 _6\"></span> las que poder hacerlos<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x69 h8_1 y375 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">efectivos. <span class=\"__1 _6\"></span>Con<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>ocasi\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>cada <span class=\"__1 _6\"></span>cierre <span class=\"__1 _6\"></span>contab<span class=\"__1 _6\"></span>le, <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>reestima <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>capacidad <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>recuperaci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>los <span class=\"__1 _6\"></span>impuestos<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 y376 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">diferidos <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>activo <span class=\"__1 _6\"></span>reconocidos, <span class=\"__1 _8\"></span>efectu\u00e1ndose <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>op<span class=\"__1 _6\"></span>ortunas <span class=\"__1 _8\"></span>correcciones <span class=\"__1 _8\"></span>a <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>mismos <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>acuerdo <span class=\"__1 _6\"></span>con <span class=\"__1 _8\"></span>los<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 y2fa ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">resultados d<span class=\"__1 _6\"></span>e los an\u00e1lisis realizados. <span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x69 h8_1 y377 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">No <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>reconocen <span class=\"__1 _4\"></span>activos<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>pasivos <span class=\"__1 _4\"></span>por <span class=\"__1 _4\"></span>impuesto<span class=\"__1 _6\"></span>s <span class=\"__1 _4\"></span>diferidos <span class=\"__1 _4\"></span>cuand<span class=\"__1 _6\"></span>o <span class=\"__1 _4\"></span>surgen <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>reconocimiento <span class=\"__1 _4\"></span>inicial <span class=\"__1 _4\"></span>del<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x69 h8_1 y378 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">fondo de comercio o<span class=\"__1 _6\"></span> de un a<span class=\"__1 _6\"></span>ctivo o p<span class=\"__1 _6\"></span>asivo en u<span class=\"__1 _6\"></span>na <span class=\"__1 _6\"></span>transacci\u00f3n qu<span class=\"__1 _6\"></span>e no es una <span class=\"__1 _6\"></span>combinaci\u00f3n d<span class=\"__1 _6\"></span>e negocios y en<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x69 h8_1 y379 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">la <span class=\"__1 _4\"></span>fe<span class=\"__1 _5\"></span>cha <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>transacci\u00f3n <span class=\"__1 _4\"></span>no <span class=\"__1 _4\"></span>afecta <span class=\"__1 _8\"></span>ni <span class=\"__1 _4\"></span>al <span class=\"__1 _4\"></span>resultado <span class=\"__1 _4\"></span>contable <span class=\"__1 _8\"></span>ni <span class=\"__1 _4\"></span>a <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>base <span class=\"__1 _4\"></span>imponible <span class=\"__1 _4\"></span>fiscal, <span class=\"__1 _4\"></span>o <span class=\"__1 _8\"></span>bien, <span class=\"__1 _4\"></span>cuando<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 y2fe ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">correspondan <span class=\"__1 _cf\"> </span>a <span class=\"__1 _ce\"> </span>diferencias <span class=\"__1 _cf\"> </span>temporarias <span class=\"__1 _ce\"> </span>relacionad<span class=\"__1 _6\"></span>as <span class=\"__1 _ce\"> </span>con <span class=\"__1 _cf\"> </span>inversiones <span class=\"__1 _cf\"> </span>en <span class=\"__1 _cd\"> </span>s<span class=\"__1 _6\"></span>ociedades <span class=\"__1 _ce\"> </span>d<span class=\"__1 _6\"></span>ependiente<span class=\"__1 _8\"></span>s,<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 y37a ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">asociadas <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>negocios<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>conjuntos <span class=\"__1 _8\"></span>sobre <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>Grupo <span class=\"__1 _8\"></span>tenga <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>capacidad<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>controlar <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>momento <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>su<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 y37b ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">reversi\u00f3n y no fu<span class=\"__1 _6\"></span>ese probable qu<span class=\"__1 _6\"></span>e se produzca su rev<span class=\"__1 _6\"></span>ersi\u00f3n en un futuro p<span class=\"__1 _6\"></span>revisible.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x1f h8_1 y301 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Si <span class=\"__1 _4\"></span>el <span class=\"__1 _c8\"> </span>Grup<span class=\"__1 _6\"></span>o <span class=\"__1 _c8\"></span>determina <span class=\"__1 _c8\"></span>que <span class=\"__1 _c8\"></span>no <span class=\"__1 _c8\"></span>es <span class=\"__1 _c8\"></span>probable <span class=\"__1 _c8\"></span>que <span class=\"__1 _c8\"></span>la <span class=\"__1 _c8\"></span>autoridad <span class=\"__1 _c8\"> </span>fiscal <span class=\"__1 _c8\"></span>v<span class=\"__1 _6\"></span>ay<span class=\"__1 _6\"></span>a <span class=\"__1 _c8\"></span>a <span class=\"__1 _4\"></span>acept<span class=\"__1 _6\"></span>ar <span class=\"__1 _c8\"></span>un <span class=\"__1 _c8\"></span>tratamiento <span class=\"__1 _c8\"></span>fiscal<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1f h8_1 y388 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">incierto <span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>n <span class=\"__1 _8\"></span>grupo <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>tratamientos <span class=\"__1 _8\"></span>fiscales <span class=\"__1 _6\"></span>inciertos<span class=\"__1 _6\"></span>, <span class=\"__1 _8\"></span>considera <span class=\"__1 _6\"></span>dicha<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>incertidu<span class=\"__1 _6\"></span>mbre <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>determinaci\u00f3n<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1f h8_1 y281 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de <span class=\"__1 _cb\"> </span>la <span class=\"__1 _c9\"> </span>base <span class=\"__1 _cb\"> </span>imponible, <span class=\"__1 _c9\"> </span>bases <span class=\"__1 _cb\"> </span>fiscales, <span class=\"__1 _c9\"> </span>cr\u00e9ditos <span class=\"__1 _cb\"> </span>por <span class=\"__1 _c9\"> </span>bases <span class=\"__1 _cb\"> </span>imponibles <span class=\"__1 _cb\"> </span>n<span class=\"__1 _6\"></span>egativas, <span class=\"__1 _cb\"> </span>d<span class=\"__1 _6\"></span>educciones <span class=\"__1 _cb\"> </span>o <span class=\"__1 _c9\"> </span>tipos<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1f h8_1 y389 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">impositivos.  </div><div class=\"t_1 m0_1 x6a h8_1 y499 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x69 h64 y49a ff3_1 fs0_1 fc5 sc0_1 ls0_1 ws0_1\">3.17<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Ac<span class=\"__1 _6\"></span>tivos no<span class=\"__1 _5\"></span> corrientes man<span class=\"__1 _70\"></span>tenidos para la venta y Op<span class=\"__1 _5\"></span>eraciones<span class=\"__1 _1bc\"> </span></span></span><span class=\"ff5\"><span class=\"ff3_1 fc3\"> </span></span></div><div class=\"t_1 m0_1 x5a h69 y49b ff3_1 fs0_1 fc3 sc0_1 ls0_1 ws0_1\">discontinua<span class=\"__1 _5\"></span>das<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 y49c ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Un <span class=\"__1 _5\"></span>activo <span class=\"__1 _5\"></span>no corriente <span class=\"__1 _70\"></span>o un <span class=\"__1 _70\"></span>gr<span class=\"__1 _6\"></span>upo e<span class=\"__1 _5\"></span>najenable de <span class=\"__1 _70\"></span>elementos se <span class=\"__1 _70\"></span>clasifica como <span class=\"__1 _70\"></span>act<span class=\"__1 _6\"></span>ivo mantenido <span class=\"__1 _5\"></span>para la <span class=\"__1 _70\"></span>venta<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 y49d ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">cuando su <span class=\"__1 _5\"></span>valor se <span class=\"__1 _5\"></span>prev\u00e9 recuperar <span class=\"__1 _70\"></span>prin<span class=\"__1 _6\"></span>cipalmente a <span class=\"__1 _70\"></span>trav<span class=\"__1 _6\"></span>\u00e9s de <span class=\"__1 _70\"></span>su<span class=\"__1 _6\"></span> venta, <span class=\"__1 _70\"></span>y<span class=\"__1 _6\"></span> siempre que <span class=\"__1 _70\"></span>la venta se <span class=\"__1 _5\"></span>considere<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 y49e ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">altamente probable, y el a<span class=\"__1 _6\"></span>ctivo est\u00e9 disp<span class=\"__1 _6\"></span>onible para su venta inmediata <span class=\"__1 _6\"></span>en su estado a<span class=\"__1 _6\"></span>ctual.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x69 h8_1 y49f ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Estos <span class=\"__1 _6\"></span>activos <span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>grupos <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>enajenaci\u00f3n <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>valoran <span class=\"__1 _6\"></span>por el <span class=\"__1 _6\"></span>menor <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>importe <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>libros <span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>el valo<span class=\"__1 _6\"></span>r es<span class=\"__1 _6\"></span>timado <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 y4a0 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">venta deducidos los costes necesarios para <span class=\"__1 _5\"></span>llevarla a cabo y<span class=\"__1 _5\"></span> dejan de <span class=\"__1 _5\"></span>amortizarse desde el <span class=\"__1 _5\"></span>momento en que<span class=\"__1 _1bc\"> </span><span class=\"__1 _5\"></span> </div><div class=\"t_1 m0_1 x69 h8_1 y4a1 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">son <span class=\"__1 _8\"></span>clasificados<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>como <span class=\"__1 _8\"></span>activos <span class=\"__1 _8\"></span>no <span class=\"__1 _8\"></span>corrientes <span class=\"__1 _8\"></span>man<span class=\"__1 _6\"></span>tenidos <span class=\"__1 _8\"></span>para <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>venta. <span class=\"__1 _4\"></span>Anualmente <span class=\"__1 _6\"></span>se <span class=\"__1 _8\"></span>analiza <span class=\"__1 _8\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>valor<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 y4a2 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">contable <span class=\"__1 _6\"></span>no <span class=\"__1 _6\"></span>exceda <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>valo<span class=\"__1 _6\"></span>r <span class=\"__1 _6\"></span>razonab<span class=\"__1 _6\"></span>le menos<span class=\"__1 _6\"></span> los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>costes <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e v<span class=\"__1 _6\"></span>enta. <span class=\"__1 _8\"></span>En <span class=\"__1 _6\"></span>cas<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>producirse <span class=\"__1 _6\"></span>esta <span class=\"__1 _6\"></span>situ<span class=\"__1 _6\"></span>aci\u00f3n <span class=\"__1 _6\"></span>se<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 y452 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">realizan las<span class=\"__1 _6\"></span> correspon<span class=\"__1 _6\"></span>dientes <span class=\"__1 _6\"></span>correcciones <span class=\"__1 _6\"></span>valorativas<span class=\"__1 _6\"></span> qu<span class=\"__1 _6\"></span>e se incluy<span class=\"__1 _6\"></span>en en <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>ep\u00edgrafe \u201c<span class=\"__1 _6\"></span>Deterioros<span class=\"__1 _6\"></span> de <span class=\"__1 _6\"></span>valor y<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x69 h8_1 y453 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">resultados p<span class=\"__1 _6\"></span>or enajenaci\u00f3n de inmovilizado\u201d<span class=\"__1 _6\"></span> del Estado<span class=\"__1 _6\"></span> de Resultado consolida<span class=\"__1 _6\"></span>do.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span><span class=\"ff4\"> </span></div><div class=\"t_1 m0_1 x69 h8_1 y4a3 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Los <span class=\"__1 _c6\"> </span>act<span class=\"__1 _6\"></span>ivos <span class=\"__1 _c6\"> </span>no <span class=\"__1 _ca\"> </span>corrientes  mantenidos <span class=\"__1 _c6\"> </span>para <span class=\"__1 _ca\"> </span>la <span class=\"__1 _c6\"> </span>venta <span class=\"__1 _ca\"> </span>se <span class=\"__1 _c6\"> </span>presentan <span class=\"__1 _ca\"> </span>en <span class=\"__1 _c6\"> </span>el <span class=\"__1 _c6\"> </span>E<span class=\"__1 _6\"></span>stado <span class=\"__1 _ca\"> </span>de <span class=\"__1 _c6\"> </span>Situaci\u00f3n <span class=\"__1 _c6\"> </span>Fina<span class=\"__1 _6\"></span>nciera<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 y4a4 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">consolidado  de  la  siguiente  forma:  los  activos  en  una  \u00fa<span class=\"__1 _5\"></span>nica  l\u00ednea  denominada  \u201cActivos  no  corrientes<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 y456 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">mantenidos para <span class=\"__1 _70\"></span>la <span class=\"__1 _5\"></span>venta\u201d <span class=\"__1 _5\"></span>y <span class=\"__1 _5\"></span>los <span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>asivos <span class=\"__1 _70\"></span>ta<span class=\"__1 _6\"></span>mbi\u00e9n <span class=\"__1 _5\"></span>en <span class=\"__1 _70\"></span>u<span class=\"__1 _6\"></span>na <span class=\"__1 _70\"></span>\u00fan<span class=\"__1 _6\"></span>ica <span class=\"__1 _70\"></span>l\u00ednea denominada <span class=\"__1 _70\"></span>\u201c<span class=\"__1 _6\"></span>Pa<span class=\"__1 _6\"></span><span class=\"ff4\">sivos <span class=\"__1 _5\"></span>asociados a<span class=\"__1 _5\"></span> <span class=\"__1 _5\"></span>activos<span class=\"__1 _1bc\"> </span></span><span class=\"ff4\"> </span></div><div class=\"t_1 m0_1 x69 h8_1 y457 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">no corrientes mantenido<span class=\"__1 _6\"></span>s para la v<span class=\"__1 _6\"></span>enta\u201d.<span class=\"__1 _1bc\"> </span><span class=\"ff4\"> </span></div></div>Adicionalmente, <span class=\"__1 _c6\"> </span>el <span class=\"__1 _c6\"> </span>Grupo <span class=\"__1 _c6\"> </span>con<span class=\"__1 _6\"></span>sidera <span class=\"__1 _c6\"> </span>actividades <span class=\"__1 _c6\"> </span>interrumpid<span class=\"__1 _6\"></span>as <span class=\"__1 _c6\"> </span>los <span class=\"__1 _c6\"> </span>componentes <span class=\"__1 _c6\"> </span>(unidades<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>o <span class=\"__1 _c6\"> </span>grupos <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e unidades <span class=\"__1 _4\"></span>generadoras <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>efectivo) <span class=\"__1 _4\"></span>que <span class=\"__1 _8\"></span>representan <span class=\"__1 _8\"></span>u<span class=\"__1 _6\"></span>na <span class=\"__1 _8\"></span>l\u00ednea <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>negocio <span class=\"__1 _8\"></span>o <span class=\"__1 _8\"></span>\u00e1rea <span class=\"__1 _4\"></span>geogr\u00e1fica <span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>ignificativa <span class=\"__1 _4\"></span>y que <span class=\"__1 _4\"></span>pueda <span class=\"__1 _c8\"> </span>considerars<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>separada <span class=\"__1 _c8\"> </span>del <span class=\"__1 _4\"></span>resto,<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>que <span class=\"__1 _c8\"></span>se <span class=\"__1 _4\"></span>hayan<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>vendid<span class=\"__1 _6\"></span>o <span class=\"__1 _4\"></span>o <span class=\"__1 _c8\"></span>dispuesto <span class=\"__1 _c8\"></span>por <span class=\"__1 _4\"></span>otra <span class=\"__1 _c8\"></span>v\u00eda, <span class=\"__1 _4\"></span>o <span class=\"__1 _c8\"></span>bien <span class=\"__1 _4\"></span>que re\u00fanen las cond<span class=\"__1 _6\"></span>iciones descritas p<span class=\"__1 _6\"></span>ara ser clasificadas como manten<span class=\"__1 _6\"></span>idas para la <span class=\"__1 _6\"></span>venta.<span class=\"__1 _6\"></span> Los resultados despu\u00e9s de impuestos de las <span class=\"__1 _5\"></span>operaciones<span class=\"__1 _6\"></span> discontinuadas se presentan en una \u00fanica l\u00ednea del Estado <span class=\"__1 _ce\"> </span>de <span class=\"__1 _ce\"> </span>Resultado <span class=\"__1 _ce\"> </span>consolidado <span class=\"__1 _ce\"> </span>denominada <span class=\"__1 _ce\"> </span>\u201cResultado <span class=\"__1 _ce\"> </span>del <span class=\"__1 _cd\"> </span>ejerci<span class=\"__1 _6\"></span>cio <span class=\"__1 _cd\"> </span>pro<span class=\"__1 _6\"></span>cedente <span class=\"__1 _ce\"> </span>de <span class=\"__1 _cd\"> </span>op<span class=\"__1 _6\"></span>eraciones interrumpidas neto d<span class=\"__1 _6\"></span>e impuestos<span class=\"__1 _6\"></span>\u201d<span class=\"__1 _1bc\"> </span>.<span class=\"ff4\"> </span>3.18<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Beneficio por acci\u00f3n </span></span>El <span class=\"__1 _4\"></span>beneficio <span class=\"__1 _4\"></span>b\u00e1sico <span class=\"__1 _4\"></span>por <span class=\"__1 _8\"></span>acci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>calcula <span class=\"__1 _4\"></span>como <span class=\"__1 _8\"></span>el <span class=\"__1 _4\"></span>cocie<span class=\"ff6\">nte<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>entre <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>\u201cBeneficio <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>ejercicio <span class=\"__1 _4\"></span>atribuible <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>la </span>Sociedad <span class=\"__1 _4\"></span>Dominante\u201d <span class=\"__1 _8\"></span>y <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>n<span class=\"__1 _6\"></span>\u00famero <span class=\"__1 _8\"></span>m<span class=\"__1 _6\"></span>edio <span class=\"__1 _4\"></span>ponderado <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>accion<span class=\"__1 _6\"></span>es <span class=\"__1 _4\"></span>ordinarias <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>circulaci\u00f3n <span class=\"__1 _4\"></span>durante <span class=\"__1 _4\"></span>dicho per\u00edodo, <span class=\"__1 _c6\"> </span>s<span class=\"__1 _6\"></span>in <span class=\"__1 _c6\"> </span>incluir <span class=\"__1 _ca\"> </span>el <span class=\"__1 _c6\"> </span>n\u00famero <span class=\"__1 _c6\"> </span>medio  de <span class=\"__1 _c8\"> </span>acciones  propias <span class=\"__1 _c8\"> </span>de  la<span class=\"__1 _70\"></span>  Sociedad <span class=\"__1 _c6\"> </span>Dominante <span class=\"__1 _c6\"> </span>en  cartera <span class=\"__1 _c8\"> </span>de  la<span class=\"__1 _5\"></span>s so<span class=\"ls0_1\">ciedades del Grupo.<span class=\"__1 _1bc\"> </span></span>Por <span class=\"__1 _4\"></span>su <span class=\"__1 _4\"></span>parte, <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>beneficio <span class=\"__1 _4\"></span>diluido <span class=\"__1 _4\"></span>por <span class=\"__1 _4\"></span>acci\u00f3n <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>calcula <span class=\"__1 _4\"></span>como <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>cociente <span class=\"__1 _4\"></span>entre <span class=\"__1 _4\"></span>el <span class=\"__1 _c8\"> </span><span class=\"ff6\">\u201cBeneficio <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>ejercicio<span class=\"__1 _6\"></span> </span>atribuible <span class=\"__1 _4\"></span>a <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>Sociedad <span class=\"__1 _4\"></span>Dominante\u201d <span class=\"__1 _4\"></span><span class=\"ff4\">y <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>n\u00famero <span class=\"__1 _4\"></span>medio <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>onderado<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>accion<span class=\"__1 _6\"></span>es <span class=\"__1 _4\"></span>ordinarias <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>circulaci\u00f3n </span>durante el periodo, ajustado por el <span class=\"__1 _5\"></span>promedio ponderado de <span class=\"__1 _5\"></span>las acciones ordinarias que se<span class=\"__1 _5\"></span>r\u00edan emitidas si <span class=\"__1 _5\"></span>se convirtieran <span class=\"__1 _c6\"> </span>todas<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>las <span class=\"__1 _c6\"> </span>acciones <span class=\"__1 _c6\"> </span>potenciales <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c6\"> </span>acciones <span class=\"__1 _c6\"> </span>ord<span class=\"__1 _6\"></span>inarias. <span class=\"__1 _c6\"> </span>A <span class=\"__1 _c6\"> </span>estos <span class=\"__1 _c6\"> </span>efectos <span class=\"__1 _c6\"> </span>se <span class=\"__1 _c6\"> </span>cons<span class=\"__1 _6\"></span>idera <span class=\"__1 _c6\"> </span>que <span class=\"__1 _c6\"> </span>la conversi\u00f3n tiene lugar al comienzo del <span class=\"__1 _5\"></span>periodo o en el <span class=\"__1 _5\"></span>momento de la emisi\u00f3n de las<span class=\"__1 _5\"></span> acciones potenciales si estas se hu<span class=\"__1 _6\"></span>biesen puesto en circulaci\u00f3n<span class=\"__1 _6\"></span> durante el prop<span class=\"__1 _6\"></span>io periodo.<span class=\"__1 _6\"></span> 3.19<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Tr<span class=\"__1 _6\"></span>ansaccio<span class=\"__1 _5\"></span>nes con partes vin<span class=\"__1 _5\"></span>culadas </span></span>El Grupo realiza tod<span class=\"__1 _6\"></span>as sus op<span class=\"__1 _6\"></span>eraciones con partes vincu<span class=\"__1 _6\"></span>ladas a valores d<span class=\"__1 _6\"></span>e mercado. <span class=\"__1 _6\"></span> 3.20<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\"> S<span class=\"__1 _6\"></span>aldos y t<span class=\"__1 _5\"></span>ransacciones en <span class=\"__1 _5\"></span>moneda diferente al euro </span></span>Las <span class=\"__1 _6\"></span>cuentas <span class=\"__1 _6\"></span>an<span class=\"__1 _6\"></span>uales <span class=\"__1 _6\"></span>consolidadas<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>presentan <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>euros, <span class=\"__1 _6\"></span>qu<span class=\"__1 _6\"></span>e es <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>mon<span class=\"__1 _6\"></span>eda <span class=\"__1 _6\"></span>funcional <span class=\"__1 _6\"></span>y<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>presentaci\u00f3n <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e la Sociedad Dominante.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> La <span class=\"__1 _70\"></span>conv<span class=\"__1 _6\"></span>ersi\u00f3n <span class=\"__1 _70\"></span>a euros <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>cr\u00e9dito<span class=\"__1 _6\"></span>s <span class=\"__1 _70\"></span>y d\u00e9bitos <span class=\"__1 _70\"></span>expresados e<span class=\"__1 _5\"></span>n <span class=\"__1 _70\"></span>moneda diferente <span class=\"__1 _70\"></span>del <span class=\"__1 _5\"></span>euro <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>realiza aplicando<span class=\"__1 _6\"></span> el <span class=\"__1 _5\"></span>tipo de <span class=\"__1 _5\"></span>cambio vigente <span class=\"__1 _5\"></span>en el m<span class=\"__1 _5\"></span>omento de <span class=\"__1 _5\"></span>efectuar la <span class=\"__1 _5\"></span>correspon<span class=\"__1 _6\"></span>diente operaci\u00f3n, <span class=\"__1 _5\"></span>ajust\u00e1ndose dicho valor en  cada <span class=\"__1 _ca\"> </span>cierre  y <span class=\"__1 _c6\"> </span>h<span class=\"__1 _6\"></span>asta  su  cancelaci\u00f3n  en  f<span class=\"__1 _5\"></span>unci\u00f3n  de  la <span class=\"__1 _ca\"> </span>evoluci\u00f3n  del <span class=\"__1 _ca\"> </span>tipo  de  cambio.  Los <span class=\"__1 _c6\"> </span>act<span class=\"__1 _6\"></span>ivos  no monetarios <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>enominados <span class=\"__1 _5\"></span>en <span class=\"__1 _5\"></span>moneda <span class=\"__1 _70\"></span>extranjera, poco <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>ignificativos<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>en <span class=\"__1 _5\"></span>ENCE, <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>convierte<span class=\"__1 _6\"></span>n <span class=\"__1 _70\"></span>ap<span class=\"__1 _6\"></span>licando <span class=\"__1 _70\"></span>el <span class=\"__1 _5\"></span>tipo de cambio aplicable en la f<span class=\"__1 _6\"></span>echa en la q<span class=\"__1 _6\"></span>ue el activo se incorp<span class=\"__1 _6\"></span>or\u00f3 al Grupo.<span class=\"__1 _6\"></span> Las diferencias <span class=\"__1 _5\"></span>de cambio que re<span class=\"__1 _5\"></span>sultan del cobro <span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span> pago de <span class=\"__1 _5\"></span>cr\u00e9ditos o <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>eudas en <span class=\"__1 _5\"></span>moneda diferente del euro y <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>resultan <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>valorar <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>cuentas <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>cobrar <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>pagar <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>moneda <span class=\"__1 _8\"></span>diferente <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>euro <span class=\"__1 _6\"></span>en <span class=\"__1 _4\"></span>cada <span class=\"__1 _6\"></span>fecha <span class=\"__1 _8\"></span>de cierre, d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>acuerdo <span class=\"__1 _6\"></span>con <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>tipo<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de cambio<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>vigente <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>ese <span class=\"__1 _6\"></span>mo<span class=\"__1 _6\"></span>mento, <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>imputan <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>resultado<span class=\"__1 _6\"></span>s <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>un <span class=\"__1 _6\"></span>gasto financiero en el period<span class=\"__1 _6\"></span>o en que se pro<span class=\"__1 _6\"></span>ducen. 3.21<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Informaci\u00f3n financiera por<span class=\"__1 _5\"></span> segmentos </span></span>Un segmento de explotaci\u00f3n <span class=\"__1 _6\"></span>es un co<span class=\"__1 _6\"></span>mponente del Grupo qu<span class=\"__1 _6\"></span>e desarrolla actividad<span class=\"__1 _6\"></span>es de negocio de las que puede <span class=\"__1 _8\"></span>obten<span class=\"__1 _6\"></span>er <span class=\"__1 _8\"></span>ingreso<span class=\"__1 _6\"></span>s <span class=\"__1 _8\"></span>ordin<span class=\"__1 _6\"></span>arios <span class=\"__1 _8\"></span>e <span class=\"__1 _4\"></span>incurrir <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>gastos, <span class=\"__1 _8\"></span>cuyos<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>resultad<span class=\"__1 _6\"></span>os <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>explotaci\u00f3n <span class=\"__1 _4\"></span>son <span class=\"__1 _8\"></span>revisados<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>de forma <span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>egular por <span class=\"__1 _70\"></span>el Consejo <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e Administraci\u00f3n <span class=\"__1 _70\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>la <span class=\"__1 _70\"></span>alt<span class=\"__1 _6\"></span>a <span class=\"__1 _5\"></span>Direcci\u00f3n, para <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>ecidir <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>obre <span class=\"__1 _5\"></span>los <span class=\"__1 _5\"></span>recursos<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>que <span class=\"__1 _5\"></span>deben asignarse al <span class=\"__1 _70\"></span>segmento, evaluar <span class=\"__1 _5\"></span>su re<span class=\"__1 _5\"></span>ndimiento <span class=\"__1 _5\"></span>y <span class=\"__1 _5\"></span>en <span class=\"__1 _5\"></span>relaci\u00f3n con <span class=\"__1 _5\"></span>el <span class=\"__1 _70\"></span>cual se <span class=\"__1 _70\"></span>dis<span class=\"__1 _6\"></span>pone <span class=\"__1 _5\"></span>de <span class=\"__1 _5\"></span>informaci\u00f3n financiera diferenciada.<span class=\"__1 _1bc\"> </span>3.22<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Estado de flujos de efectiv<span class=\"__1 _5\"></span>o  </span></span>En los estados de flujos de ef<span class=\"__1 _5\"></span>ectivo consolidados, preparados de acuerdo al m\u00e9todo indirecto, se utilizan las siguientes expresiones<span class=\"__1 _6\"></span> en los siguientes<span class=\"__1 _6\"></span> sentidos: 1.<span class=\"ls0_1\"> <span class=\"__1 _b5\"> </span>Flujos <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c8\"> </span>efectivo<span class=\"__1 _6\"></span>: <span class=\"__1 _c8\"> </span>entradas<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c6\"> </span>salidas<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"> </span>efectivo <span class=\"__1 _c8\"> </span>y<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>sus <span class=\"__1 _c6\"> </span>equivalentes<span class=\"__1 _6\"></span>, <span class=\"__1 _c8\"> </span>entendiend<span class=\"__1 _6\"></span>o <span class=\"__1 _c8\"> </span>por <span class=\"__1 _c6\"> </span>\u00e9stos<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>las </span>inversiones a co<span class=\"__1 _6\"></span>rto plazo (inferior a 3 meses) d<span class=\"__1 _6\"></span>e gran liquidez y b<span class=\"__1 _6\"></span>ajo riesgo de alteracion<span class=\"__1 _6\"></span>es en su valo<span class=\"__1 _6\"></span>r. <span class=\"__1 _6\"></span> 2.<span class=\"ls0_1\"> <span class=\"__1 _b5\"> </span>Actividades <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>explotaci\u00f3<span class=\"__1 _6\"></span>n: <span class=\"__1 _4\"></span>a<span class=\"__1 _5\"></span>ctividades <span class=\"__1 _4\"></span>t\u00edpicas <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>las <span class=\"__1 _4\"></span>entidades <span class=\"__1 _4\"></span>que <span class=\"__1 _8\"></span>forman <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>Grupo, <span class=\"__1 _4\"></span>as\u00ed <span class=\"__1 _8\"></span>como <span class=\"__1 _4\"></span>otras </span>actividades q<span class=\"__1 _6\"></span>ue no pueden ser calificadas co<span class=\"__1 _6\"></span>mo de inversi\u00f3<span class=\"__1 _6\"></span>n o de financiaci\u00f3n<span class=\"__1 _6\"></span>.<span class=\"__1 _6\"></span> 3.<span class=\"ls0_1\"> <span class=\"__1 _b5\"> </span>Actividades <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>inv<span class=\"__1 _6\"></span>ersi\u00f3n: <span class=\"__1 _4\"></span>las <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>adq<span class=\"__1 _6\"></span>uisici\u00f3n, <span class=\"__1 _4\"></span>enajenaci\u00f3n <span class=\"__1 _8\"></span>o <span class=\"__1 _4\"></span>disposici\u00f3n <span class=\"__1 _4\"></span>por <span class=\"__1 _8\"></span>otros <span class=\"__1 _4\"></span>medios <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>activos <span class=\"__1 _4\"></span>a </span>largo plazo y o<span class=\"__1 _6\"></span>tras inversiones no in<span class=\"__1 _6\"></span>cluidas en el efectivo y s<span class=\"__1 _6\"></span>us equiv<span class=\"__1 _6\"></span>alentes. 4.<span class=\"ls0_1\"> <span class=\"__1 _b5\"> </span>Actividades <span class=\"__1 _cb\"> </span>de <span class=\"__1 _cb\"> </span>financiaci\u00f3n: <span class=\"__1 _cb\"> </span>actividades <span class=\"__1 _cb\"> </span>que <span class=\"__1 _cb\"> </span>producen <span class=\"__1 _cb\"> </span>cambios <span class=\"__1 _cb\"> </span>en <span class=\"__1 _cb\"> </span>el <span class=\"__1 _cb\"> </span>tama\u00f1o <span class=\"__1 _cb\"> </span>y <span class=\"__1 _cb\"> </span>co<span class=\"__1 _5\"></span>mposici\u00f3n <span class=\"__1 _cb\"> </span>del </span>patrimonio neto y d<span class=\"__1 _6\"></span>e los pasivos qu<span class=\"__1 _6\"></span>e no forman parte de las activ<span class=\"__1 _6\"></span>idades de explotaci\u00f3<span class=\"__1 _6\"></span>n<span class=\"__1 _1bc\"> </span>.<span class=\"__1 _1bc\"> </span>3.23<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Ac<span class=\"__1 _6\"></span>tividade<span class=\"__1 _5\"></span>s con impacto en<span class=\"__1 _5\"></span> el Medio Ambiente<span class=\"__1 _5\"></span> </span></span>Se <span class=\"__1 _6\"></span>cons<span class=\"__1 _6\"></span>ideran <span class=\"__1 _8\"></span>actividades <span class=\"__1 _8\"></span>medioa<span class=\"__1 _6\"></span>mbientales <span class=\"__1 _8\"></span>aquellas <span class=\"__1 _8\"></span>operaciones <span class=\"__1 _8\"></span>desarrolladas<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>por <span class=\"__1 _6\"></span>E<span class=\"__1 _6\"></span>NCE <span class=\"__1 _8\"></span>cuyo <span class=\"__1 _8\"></span>prop\u00f3sito principal <span class=\"__1 _4\"></span>es <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>proteger, <span class=\"__1 _4\"></span>reducir <span class=\"__1 _4\"></span>o<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>reparar <span class=\"__1 _4\"></span>un <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>a\u00f1o, <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>co<span class=\"__1 _6\"></span>mo <span class=\"__1 _4\"></span>resultado <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>us <span class=\"__1 _4\"></span>activ<span class=\"__1 _6\"></span>idades <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>pueda producir sob<span class=\"__1 _6\"></span>re el medio ambiente.<span class=\"__1 _6\"></span> Los gastos <span class=\"__1 _70\"></span>derivados<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>actividades <span class=\"__1 _5\"></span>medioambientales <span class=\"__1 _5\"></span>se reconocen <span class=\"__1 _70\"></span>como \u201cOtros <span class=\"__1 _5\"></span>gastos de <span class=\"__1 _70\"></span>explotaci\u00f3n\u201d en el ejercicio en el qu<span class=\"__1 _6\"></span>e se incurren. Los elementos d<span class=\"__1 _6\"></span>el inmovilizado mat<span class=\"__1 _6\"></span>erial adquiridos co<span class=\"__1 _6\"></span>n el objeto d<span class=\"__1 _6\"></span>e ser utilizados<span class=\"__1 _6\"></span> de forma <span class=\"__1 _8\"></span>duradera en su<span class=\"__1 _6\"></span> actividad y cu<span class=\"__1 _6\"></span>ya finalidad principal es la minimizac<span class=\"__1 _6\"></span>i\u00f3n del i<span class=\"__1 _6\"></span>mpacto medioambiental y<span class=\"__1 _6\"></span> la protecci\u00f3n y mejora<span class=\"__1 _6\"></span> del <span class=\"__1 _6\"></span>medio <span class=\"__1 _8\"></span>ambiente, <span class=\"__1 _8\"></span>incluyend<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>reducci\u00f3n <span class=\"__1 _8\"></span>o <span class=\"__1 _8\"></span>eliminaci\u00f3n <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>contaminaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>futu<span class=\"__1 _6\"></span>ra <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>las <span class=\"__1 _8\"></span>operaciones del <span class=\"__1 _4\"></span>Grup<span class=\"__1 _6\"></span>o, <span class=\"__1 _c8\"></span>se <span class=\"__1 _4\"></span>reconocen <span class=\"__1 _c8\"> </span>como <span class=\"__1 _c8\"> </span>activ<span class=\"__1 _6\"></span>os <span class=\"__1 _c8\"></span>mediante <span class=\"__1 _4\"></span>la <span class=\"__1 _c8\"> </span>aplicaci\u00f3n <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"></span>criterios <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>valoraci\u00f3n<span class=\"__1 _6\"></span>, <span class=\"__1 _c8\"></span>presentaci\u00f3n <span class=\"__1 _4\"></span>y desglose consis<span class=\"__1 _6\"></span>tentes con los que s<span class=\"__1 _6\"></span>e mencionan <span class=\"__1 _6\"></span>en los aparta<span class=\"__1 _6\"></span>dos 3.2 y 3.3 d<span class=\"__1 _6\"></span>e esta misma Nota<span class=\"__1 _6\"></span>. Las <span class=\"__1 _c6\"> </span>provis<span class=\"__1 _6\"></span>iones <span class=\"__1 _c6\"> </span>relativas <span class=\"__1 _c6\"> </span>a <span class=\"__1 _c6\"> </span>respon<span class=\"__1 _6\"></span>sabilidades <span class=\"__1 _c6\"> </span>p<span class=\"__1 _6\"></span>robables <span class=\"__1 _c8\"> </span>o <span class=\"__1 _c6\"> </span>ciertas<span class=\"__1 _6\"></span>, <span class=\"__1 _c6\"> </span>litigios <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c6\"> </span>curso <span class=\"__1 _c6\"> </span>e  indemnizacion<span class=\"__1 _6\"></span>es <span class=\"__1 _c6\"> </span>u obligaciones <span class=\"__1 _c6\"> </span>pendientes <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c6\"> </span>cuan<span class=\"__1 _6\"></span>t\u00eda <span class=\"__1 _c6\"> </span>indeterminada <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>n<span class=\"__1 _6\"></span>aturaleza <span class=\"__1 _c6\"> </span>medioa<span class=\"__1 _6\"></span>mbiental, <span class=\"__1 _c6\"> </span>no <span class=\"__1 _ca\"> </span>cubiertas <span class=\"__1 _c6\"> </span>por <span class=\"__1 _c6\"> </span>las p\u00f3lizas <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>seguros <span class=\"__1 _4\"></span>suscritas, <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>constituyen <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>l <span class=\"__1 _4\"></span>momento <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>nacimiento <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>resp<span class=\"__1 _6\"></span>onsabilidad<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>o <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>la obligaci\u00f3n <span class=\"__1 _c8\"></span>que <span class=\"__1 _c8\"></span>determina <span class=\"__1 _4\"></span>la <span class=\"__1 _c8\"> </span>indemni<span class=\"__1 _6\"></span>zaci\u00f3n <span class=\"__1 _c8\"> </span>o <span class=\"__1 _c8\"> </span>pago. <span class=\"__1 _c8\"> </span>No <span class=\"__1 _c8\"> </span>hay <span class=\"__1 _c8\"> </span>provis<span class=\"__1 _6\"></span>iones <span class=\"__1 _4\"></span>relevantes<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>con<span class=\"__1 _6\"></span>stituidas <span class=\"__1 _c8\"> </span>por <span class=\"__1 _c8\"> </span>este concepto al cierre de 202<span class=\"__1 _6\"></span>3 y 2022.<span class=\"__1 _6\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMaterialAccountingPolicyInformationExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-7": {
   "value": "3.1  Combinaciones de negocio  Las combinaciones de negocios en las que el Grupo adquiere el control de uno o varios negocios se registran  por el m\u00e9todo de adquisici\u00f3n de acuerdo a lo dispuesto en la NIIF 3 Combinaciones de Negocio.  El m\u00e9todo de adquisici\u00f3n implica, con car\u00e1cter general, el registro, en la fecha en la que ENCE obtiene el  control  del  negocio  adquirido,  de  los  activos  adquiridos,  los  pasivos  asumidos,  los  instrumentos  de  patrimonio neto emitidos, y cualquier contraprestaci\u00f3n contingente que dependa de hechos futuros o del  cumplimiento de ciertas condiciones, por su valor razonable a dicha fecha, siempre y cuando este valor  pueda ser medido de forma fiable. Los costes relacionados con la adquisici\u00f3n se reconocen como gastos  cuando se incurre en ellos.  La diferencia positiva existente entre  la contraprestaci\u00f3n  transferida por la participaci\u00f3n  adquirida, y el  importe neto de los activos adquiridos y pasivos asumidos, que incluye los pasivos contingentes, junto con  el valor razonable de la participaci\u00f3n que pudiera tenerse previamente en el negocio adquirido, se registra  en el ep\u00edgrafe \u201cFondo de comercio\u201d. Si dicha diferencia fuera negativa, se reconocer\u00eda directamente como  un mayor resultado del ejercicio. 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  periodo de valoraci\u00f3n definitiva, que como m\u00e1ximo es de 1 a\u00f1o desde la fecha de adquisici\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 adquisici\u00f3n y que, de haber sido conocidos, hubieran afectado a los importes reconocidos en dicha fecha. Transcurrido dicho periodo, s\u00f3lo se realizan ajustes a la valoraci\u00f3n inicial como la correcci\u00f3n de un error. Los fondos de comercio s\u00f3lo se reconocen cuando han sido adquiridos a t\u00edtulo oneroso y no se amortizan. En su lugar, son revisados anualmente mediante estudios para verificar que no exista deterioro del valor asignado inicialmente, reconoci\u00e9ndose p\u00e9rdidas por el deterioro de valor si el valor recuperable es inferior al valor asignado inicialmente. El valor recuperable se determina en base al valor actual de los flujos futuros esperados de las unidades generadoras de efectivo a las que se asigna cada uno de los fondos de comercio, descontados a una tasa que considera los riesgos espec\u00edficos de cada uno de los activos. Una vez reconocida la  p\u00e9rdida  por  deterioro  de  un  fondo  de  comercio,  \u00e9sta  no  revierte  en  los  ejercicios  futuros.  Estas valoraciones son realizadas de forma interna y se ofrecen detalles sobre la metodolog\u00eda de c\u00e1lculo aplicada en la Nota 3.5. Adicionalmente a lo indicado anteriormente, los fondos de comercio asociados a plantas de generaci\u00f3n de energ\u00eda renovable se recuperan, de forma lineal, en los a\u00f1os de vida regulatoria restante de las plantas de las que son titulares. En este sentido, el fondo de comercio se deteriora para recoger as\u00ed el efecto de la reducci\u00f3n en la vida regulatoria restante de las plantas con el paso del tiempo. El Grupo eval\u00faa en cada  transacci\u00f3n si ha adquirido un negocio o un grupo de  activos,  analizando si el conjunto de activos adquiridos cumple con la definici\u00f3n de negocio recogida en NIIF-3. El Grupo reconoce las participaciones no dominantes en una entidad adquirida por su participaci\u00f3n en los activos netos identificables de la entidad. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-568": {
   "value": "3.1  Combinaciones de negocio  Las combinaciones de negocios en las que el Grupo adquiere el control de uno o varios negocios se registran  por el m\u00e9todo de adquisici\u00f3n de acuerdo a lo dispuesto en la NIIF 3 Combinaciones de Negocio.  El m\u00e9todo de adquisici\u00f3n implica, con car\u00e1cter general, el registro, en la fecha en la que ENCE obtiene el  control  del  negocio  adquirido,  de  los  activos  adquiridos,  los  pasivos  asumidos,  los  instrumentos  de  patrimonio neto emitidos, y cualquier contraprestaci\u00f3n contingente que dependa de hechos futuros o del  cumplimiento de ciertas condiciones, por su valor razonable a dicha fecha, siempre y cuando este valor  pueda ser medido de forma fiable. Los costes relacionados con la adquisici\u00f3n se reconocen como gastos  cuando se incurre en ellos.  La diferencia positiva existente entre  la contraprestaci\u00f3n  transferida por la participaci\u00f3n  adquirida, y el  importe neto de los activos adquiridos y pasivos asumidos, que incluye los pasivos contingentes, junto con  el valor razonable de la participaci\u00f3n que pudiera tenerse previamente en el negocio adquirido, se registra  en el ep\u00edgrafe \u201cFondo de comercio\u201d. Si dicha diferencia fuera negativa, se reconocer\u00eda directamente como  un mayor resultado del ejercicio. 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  periodo de valoraci\u00f3n definitiva, que como m\u00e1ximo es de 1 a\u00f1o desde la fecha de adquisici\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 adquisici\u00f3n y que, de haber sido conocidos, hubieran afectado a los importes reconocidos en dicha fecha. Transcurrido dicho periodo, s\u00f3lo se realizan ajustes a la valoraci\u00f3n inicial como la correcci\u00f3n de un error. Los fondos de comercio s\u00f3lo se reconocen cuando han sido adquiridos a t\u00edtulo oneroso y no se amortizan. En su lugar, son revisados anualmente mediante estudios para verificar que no exista deterioro del valor asignado inicialmente, reconoci\u00e9ndose p\u00e9rdidas por el deterioro de valor si el valor recuperable es inferior al valor asignado inicialmente. El valor recuperable se determina en base al valor actual de los flujos futuros esperados de las unidades generadoras de efectivo a las que se asigna cada uno de los fondos de comercio, descontados a una tasa que considera los riesgos espec\u00edficos de cada uno de los activos. Una vez reconocida la  p\u00e9rdida  por  deterioro  de  un  fondo  de  comercio,  \u00e9sta  no  revierte  en  los  ejercicios  futuros.  Estas valoraciones son realizadas de forma interna y se ofrecen detalles sobre la metodolog\u00eda de c\u00e1lculo aplicada en la Nota 3.5. Adicionalmente a lo indicado anteriormente, los fondos de comercio asociados a plantas de generaci\u00f3n de energ\u00eda renovable se recuperan, de forma lineal, en los a\u00f1os de vida regulatoria restante de las plantas de las que son titulares. En este sentido, el fondo de comercio se deteriora para recoger as\u00ed el efecto de la reducci\u00f3n en la vida regulatoria restante de las plantas con el paso del tiempo. El Grupo eval\u00faa en cada  transacci\u00f3n si ha adquirido un negocio o un grupo de  activos,  analizando si el conjunto de activos adquiridos cumple con la definici\u00f3n de negocio recogida en NIIF-3. El Grupo reconoce las participaciones no dominantes en una entidad adquirida por su participaci\u00f3n en los activos netos identificables de la entidad. El Grupo ENCE revisa, al menos a la fecha de cierre de cada ejercicio, el valor de sus activos no financieros, entre los que se incluyen los activos materiales, los activos por derecho de uso, el fondo de comercio junto a los otros activos intangibles, los activos biol\u00f3gicos, y las \u201cInversiones contabilizadas por el m\u00e9todo de la participaci\u00f3n\u201d para determinar si existe alg\u00fan indicio de que dichos activos hayan sufrido una p\u00e9rdida por deterioro, y por tanto el valor que se espera recuperar de su uso o disposici\u00f3n es inferior a su valor en libros.  En  caso  de  existir  indicios  de  deterioro,  se  lleva  a  cabo  una  estimaci\u00f3n  del  importe  recuperable,  para determinar, en su caso, el importe del deterioro. El importe recuperable es el mayor entre el valor razonable minorado por el coste de su venta y el valor \u201cen uso\u201d. En el caso de los fondos de comercio ENCE realiza de forma sistem\u00e1tica el an\u00e1lisis de recuperabilidad al menos anualmente. Los valores \u201cen uso\u201d se determinan para cada Unidad Generadora de Efectivo (UGE). El fondo de comercio adquirido en una combinaci\u00f3n de negocios se distribuye entre cada una de las UGE que se benefician de las sinergias de la combinaci\u00f3n de negocios. Con car\u00e1cter general, cada una de las instalaciones en las que el Grupo desarrolla su actividad es una UGE. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-584": {
   "value": "3.1<span class=\"ff5\"> <span class=\"__1 _cc\"> </span></span><span class=\"fc3\">Combinacione<span class=\"__1 _5\"></span>s de negocio<span class=\"__1 _1bc\"> </span></span><span class=\"fc3\"> </span>La <span class=\"__1 _c8\"></span>diferencia <span class=\"__1 _c8\"></span>positiva<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>exis<span class=\"__1 _6\"></span>tente <span class=\"__1 _4\"></span>entre <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c8\"></span>contraprestaci\u00f3n <span class=\"__1 _c8\"> </span>tra<span class=\"__1 _6\"></span>nsferida <span class=\"__1 _c8\"></span>por <span class=\"__1 _c8\"></span>la <span class=\"__1 _c8\"></span>participaci\u00f3n <span class=\"__1 _c8\"> </span>adqu<span class=\"__1 _6\"></span>irida, <span class=\"__1 _c8\"></span>y <span class=\"__1 _c8\"></span>el<span class=\"__1 _1bc\"> </span> importe <span class=\"__1 _6\"></span>neto <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>activo<span class=\"__1 _6\"></span>s <span class=\"__1 _6\"></span>adquiridos<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>pasivos <span class=\"__1 _6\"></span>asumidos, <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>incluy<span class=\"__1 _6\"></span>e los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>pasivos <span class=\"__1 _6\"></span>con<span class=\"__1 _6\"></span>tingentes, <span class=\"__1 _6\"></span>junto <span class=\"__1 _6\"></span>con<span class=\"__1 _1bc\"> </span> el v<span class=\"__1 _6\"></span>alor <span class=\"__1 _6\"></span>razonable <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>participaci\u00f3n <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>pu<span class=\"__1 _6\"></span>diera <span class=\"__1 _6\"></span>tenerse <span class=\"__1 _6\"></span>prev<span class=\"__1 _6\"></span>iamente <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>negocio <span class=\"__1 _6\"></span>adquirido, <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>e registra<span class=\"__1 _1bc\"> </span> en <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>ep\u00edgrafe <span class=\"__1 _6\"></span>\u201cFondo <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>co<span class=\"__1 _6\"></span>mercio\u201d. <span class=\"__1 _6\"></span>Si <span class=\"__1 _8\"></span>dicha <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>iferencia <span class=\"__1 _6\"></span>fu<span class=\"__1 _6\"></span>era <span class=\"__1 _6\"></span>negativ<span class=\"__1 _6\"></span>a, <span class=\"__1 _6\"></span>se <span class=\"__1 _8\"></span>reconocer\u00eda <span class=\"__1 _6\"></span>directamente <span class=\"__1 _8\"></span>como<span class=\"__1 _1bc\"> </span> un mayor resulta<span class=\"__1 _6\"></span>do del ejercicio.<span class=\"__1 _1bc\"> </span>Los <span class=\"__1 _6\"></span>fond<span class=\"__1 _6\"></span>os <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>comercio <span class=\"__1 _6\"></span>s\u00f3lo <span class=\"__1 _8\"></span>se <span class=\"__1 _6\"></span>reconocen <span class=\"__1 _6\"></span>cu<span class=\"__1 _6\"></span>ando <span class=\"__1 _6\"></span>h<span class=\"__1 _6\"></span>an <span class=\"__1 _6\"></span>sido <span class=\"__1 _8\"></span>adquiridos <span class=\"__1 _8\"></span>a <span class=\"__1 _6\"></span>t\u00edtulo <span class=\"__1 _6\"></span>on<span class=\"__1 _6\"></span>eroso <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>no<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>amort<span class=\"__1 _6\"></span>izan. En <span class=\"__1 _4\"></span>su <span class=\"__1 _8\"></span>lugar, <span class=\"__1 _4\"></span>son <span class=\"__1 _8\"></span>revisados <span class=\"__1 _4\"></span>anualmente <span class=\"__1 _8\"></span>m<span class=\"__1 _6\"></span>ediante <span class=\"__1 _4\"></span>estudios <span class=\"__1 _8\"></span>para <span class=\"__1 _4\"></span>verificar <span class=\"__1 _8\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _4\"></span>no <span class=\"__1 _8\"></span>exista <span class=\"__1 _4\"></span>d<span class=\"__1 _5\"></span>eterioro <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>valor asignado <span class=\"__1 _6\"></span>inicialmente, <span class=\"__1 _6\"></span>recono<span class=\"__1 _6\"></span>ci\u00e9ndose <span class=\"__1 _6\"></span>p\u00e9rdidas<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>por <span class=\"__1 _6\"></span>el d<span class=\"__1 _6\"></span>eterioro <span class=\"__1 _6\"></span>de v<span class=\"__1 _8\"></span>alor <span class=\"__1 _6\"></span>si <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>valor <span class=\"__1 _6\"></span>recuperable <span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>inferior al valor asignado inicialmente. El valor recuperable se determina en base al valor actual de <span class=\"__1 _5\"></span>los flujos futuros esperados de las<span class=\"__1 _6\"></span> unidades generadoras<span class=\"__1 _6\"></span> de efectivo a las qu<span class=\"__1 _6\"></span>e se asigna cad<span class=\"__1 _6\"></span>a uno de los<span class=\"__1 _6\"></span> fondos de comerci<span class=\"__1 _6\"></span><span class=\"ls19\">o, </span>descontados<span class=\"__1 _6\"></span> a <span class=\"__1 _70\"></span>un<span class=\"__1 _6\"></span>a tasa <span class=\"__1 _70\"></span>q<span class=\"__1 _6\"></span>ue considera <span class=\"__1 _5\"></span>los riesgos e<span class=\"__1 _5\"></span>spec\u00edficos<span class=\"__1 _6\"></span> de <span class=\"__1 _70\"></span>cad<span class=\"__1 _6\"></span>a uno <span class=\"__1 _5\"></span>de los <span class=\"__1 _70\"></span>act<span class=\"__1 _6\"></span>ivos. Una vez <span class=\"__1 _5\"></span>reconocida la <span class=\"__1 _cb\"> </span>p\u00e9rdida  p<span class=\"__1 _6\"></span>or <span class=\"__1 _cb\"> </span>deterioro  d<span class=\"__1 _6\"></span>e <span class=\"__1 _cb\"> </span>un <span class=\"__1 _cb\"> </span>fondo  de <span class=\"__1 _cb\"> </span>comercio, <span class=\"__1 _cb\"> </span>\u00e9sta <span class=\"__1 _cb\"> </span>no  revierte <span class=\"__1 _cb\"> </span>en <span class=\"__1 _cb\"> </span>los <span class=\"__1 _cb\"> </span>ejercicios <span class=\"__1 _cb\"> </span>futuros. <span class=\"__1 _cb\"> </span>Estas valoraciones <span class=\"__1 _6\"></span>son realizadas <span class=\"__1 _6\"></span>de forma in<span class=\"__1 _6\"></span>terna <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>se ofrecen <span class=\"__1 _6\"></span>detalles sob<span class=\"__1 _6\"></span>re la <span class=\"__1 _6\"></span>metodolog\u00eda de c\u00e1lculo <span class=\"__1 _6\"></span>aplicada en la Nota 3.5. Adicionalmente <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>lo <span class=\"__1 _6\"></span>indicad<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>anteriormente, <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>fondos <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>comercio <span class=\"__1 _6\"></span>asociad<span class=\"__1 _6\"></span>os <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>plantas<span class=\"__1 _6\"></span> de <span class=\"__1 _6\"></span>generaci\u00f3n<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e energ\u00eda <span class=\"__1 _6\"></span>renovable <span class=\"__1 _8\"></span>se <span class=\"__1 _6\"></span>recuperan,<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>forma <span class=\"__1 _8\"></span>lineal, <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>a\u00f1os <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>ida <span class=\"__1 _6\"></span>regu<span class=\"__1 _6\"></span>latoria <span class=\"__1 _8\"></span>restante <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>plantas <span class=\"__1 _8\"></span>de<span class=\"__1 _1bc\"> </span> las <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>son <span class=\"__1 _4\"></span>titulares. <span class=\"__1 _4\"></span>En <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>ste <span class=\"__1 _4\"></span>sentido, <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>fond<span class=\"__1 _6\"></span>o <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>come<span class=\"__1 _5\"></span>rcio <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>deteriora <span class=\"__1 _4\"></span>para <span class=\"__1 _4\"></span>recoger <span class=\"__1 _4\"></span>as\u00ed <span class=\"__1 _8\"></span>el <span class=\"__1 _4\"></span>efecto <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>la reducci\u00f3n en la vida <span class=\"__1 _6\"></span>regulatoria restante de las<span class=\"__1 _6\"></span> plantas con el pas<span class=\"__1 _6\"></span>o del tiempo.<span class=\"__1 _1bc\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-578": {
   "value": "El m\u00e9todo de adquisici\u00f3n implica, con car\u00e1cter general, el registro, en la fecha en la que ENCE obtiene el  control  del  negocio  adquirido,  de  los  activos  adquiridos,  los  pasivos  asumidos,  los  instrumentos  de  patrimonio neto emitidos, y cualquier contraprestaci\u00f3n contingente que dependa de hechos futuros o del  cumplimiento de ciertas condiciones, por su valor razonable a dicha fecha, siempre y cuando este valor  pueda ser medido de forma fiable. Los costes relacionados con la adquisici\u00f3n se reconocen como gastos  cuando se incurre en ellos.  No existe un mercado activo del Eucalipto en Espa\u00f1a, y las caracter\u00edsticas de las transacciones que se llevan a  cabo  no  han  permitido  hasta  la  fecha  identificar  referencias  de  precio  de  mercado  v\u00e1lidas  para  su extrapolaci\u00f3n al patrimonio forestal de ENCE. Por otra parte, la aplicaci\u00f3n de los m\u00e9todos alternativos que plantea  NIIF  13  para  determinar  el  valor  razonable,  no  ha  permitido  cuantificar  con  fiabilidad  el  valor razonable de los activos biol\u00f3gicos, debido entre otros factores, a las asunciones y estimaciones que se deben llevar a cabo y al impacto que las mismas tienen en los resultados de la cuantificaci\u00f3n. Por todo ello, el Grupo no valora sus activos biol\u00f3gicos a valor razonable. ENCE ha desarrollado un modelo de valoraci\u00f3n de su patrimonio forestal a partir del descuento de los flujos futuros previstos, que no se ha considerado lo suficientemente fiable para ser utilizado en la valoraci\u00f3n a valor razonable de los activos biol\u00f3gicos, si bien, su utilizaci\u00f3n consistente en el tiempo s\u00ed permite identificar rangos de valor y tendencias que se tienen en consideraci\u00f3n al evaluar la existencia de posibles deterioros de valor en los activos biol\u00f3gicos. En el momento de reconocimiento inicial, ENCE valora un activo financiero a su valor razonable, valor que incluye  los  costes  de  la  transacci\u00f3n  que  sean  directamente  atribuibles  a  la  adquisici\u00f3n  del  activo. Excepcionalmente,  los  costes  de  transacci\u00f3n  correspondientes  a  activos  financieros  valorados  a  valor razonable con cambios en resultados se imputan directamente a resultados. Valor razonable con cambios en resultados: dentro de esta categor\u00eda se incluyen los derivados que no cumplen las condiciones para considerarse como de cobertura de acuerdo con NIIF 9 \u2013 Instrumentos Financieros, los activos financieros que otras normas establezcan que deben valorarse a valor razonable con cargo a resultados, tales como las contraprestaciones contingentes en combinaciones de negocios y aquellos activos financieros que de valorarse de otra forma generar\u00edan una asimetr\u00eda contable.  Los cambios que se produzcan en su valor razonable se imputan cuando se producen en los ep\u00edgrafes \u201cGastos  financieros\u201d,  \u201cIngresos  financieros\u201d  o  \u201cVariaci\u00f3n  en  el  valor  razonable  de  instrumentos financieros\u201d, seg\u00fan corresponda, del Estado de Resultado consolidado. Los costes de transacci\u00f3n directamente atribuibles a la compra o emisi\u00f3n de este tipo  de activos se reconocen como un gasto en el Estado de Resultado consolidado a medida que se incurre en ellos. iii.  Activos financieros a valor razonable con cambios en otro resultado global: el Grupo no tiene activos clasificados en esta categor\u00eda. En el caso de participaciones en sociedades no cotizadas, poco relevantes, dado que el valor razonable no siempre es posible determinarlo de forma fiable, se valoran por su coste de adquisici\u00f3n, corregido por las evidencias de deterioro que pudieran existir. ENCE clasifica sus pasivos financieros en las siguientes categor\u00edas, con posterioridad a su reconocimiento inicial; 1) a coste amortizado, y 2) a valor razonable con cambios en resultados. En esta \u00faltima categor\u00eda se recogen b\u00e1sicamente las contraprestaciones contingentes que se puedan originar en las combinaciones de negocios, as\u00ed como los instrumentos financieros derivados que no son designados como instrumentos de cobertura de acuerdo con NIIF 9 \u2013 Instrumentos Financieros.  Los pr\u00e9stamos, obligaciones y similares se registran inicialmente a valor razonable, valor que normalmente coincide con el efectivo recibido, neto de los costes incurridos en la transacci\u00f3n. En periodos posteriores, la totalidad de estas deudas se valora a su coste amortizado, utilizando el m\u00e9todo del tipo de inter\u00e9s efectivo. Los gastos financieros as\u00ed como los costes de estructuraci\u00f3n, se registran seg\u00fan el criterio del devengo en el Estado de Resultado consolidado utilizando el m\u00e9todo del inter\u00e9s efectivo. Los  acreedores  comerciales  y  otras  cuentas  a  pagar  derivados  de  operaciones  comerciales  son  pasivos financieros que en su mayor parte presentan vencimiento a corto plazo y no devengan intereses. Estos saldos se registran inicialmente a su valor razonable y posteriormente a su coste amortizado. Estos  instrumentos  financieros  se  valoran  en  todo  momento  a  su  valor  razonable,  registr\u00e1ndose  las  variaciones en el ep\u00edgrafe \u201cInstrumentos financieros derivados\u201d del pasivo del Estado de Situaci\u00f3n Financiera  consolidado si son negativas, y como \u201cActivos financieros \u2013 Derivados de cobertura\u201d si son positivas.  Coberturas de valor razonable: el elemento cubierto se valora por su valor razonable al igual que el instrumento de cobertura, registr\u00e1ndose las variaciones de valor de ambos en el Estado de Resultado  consolidado.  Valor razonable de los instrumentos financieros derivados  El valor razonable de los distintos instrumentos financieros se determina utilizando la siguiente jerarqu\u00eda  establecida en NIIF 13: Nivel 1: por observaci\u00f3n directa de la cotizaci\u00f3n en mercados activos, de activos y pasivos id\u00e9nticos. \u2022  Nivel 2: empleando inputs disponibles en mercados activos, diferentes a los precios de cotizaci\u00f3n, que  son aplicables a los activos y pasivos, tanto directa como indirectamente.  \u2022  Nivel 3: utilizando t\u00e9cnicas de valoraci\u00f3n que incluyen inputs que no est\u00e1n disponibles en mercados  activos.  La determinaci\u00f3n del valor razonable para cada uno de los principales instrumentos financieros derivados  se lleva a cabo con el asesoramiento de expertos en este tipo de instrumentos financieros, a partir de datos  facilitados por agencias de informaci\u00f3n o datos de organismos oficiales, del siguiente modo:  \u2022  El valor razonable de las permutas de tipo de inter\u00e9s es calculado como el valor actualizado a tipos de  inter\u00e9s de mercado del diferencial de tipos del contrato de permuta. Dicha actualizaci\u00f3n se lleva a cabo  a partir de las curvas de tipos swap a largo plazo.  \u2022  En  el  caso  de  los  contratos  de  tipo  de  cambio  a  futuro,  su  valoraci\u00f3n  se  determina  utilizando  las  cotizaciones  del  contado  del  tipo  de  cambio  y  las  curvas  de  tipos  de  inter\u00e9s  a  plazo  de  las  divisas  implicadas, as\u00ed como el empleo de la volatilidad impl\u00edcita hasta el vencimiento en el caso de opciones.  \u2022  El  valor  razonable  de  los  contratos  de  compraventa  de  elementos  no  financieros  a  los  que  es  de  aplicaci\u00f3n la NIIF 9 (precio de la celulosa y precio de la energ\u00eda principalmente) se calcula a partir de la  mejor estimaci\u00f3n de las curvas futuras de precios de dichos elementos no financieros, existente en la  fecha de cierre, utilizando, en la medida de lo posible, los precios establecidos en los mercados a plazo.   En la utilizaci\u00f3n de estos modelos de valoraci\u00f3n se tienen en cuenta los riesgos que el activo o pasivo lleva  asociados, entre ellos el riesgo de cr\u00e9dito tanto de la contraparte (Credit Value Adjustment) como de la  propia entidad (Debit Value Adjustment). El riesgo de cr\u00e9dito se calcula de acuerdo con los par\u00e1metros  exposici\u00f3n, probabilidad de incumplimiento y severidad.  Los valores obtenidos utilizando estas t\u00e9cnicas son contrastados con las entidades financieras con las que  ENCE tiene contratados estos instrumentos financieros.  Las  valoraciones  a  valor  razonable  realizadas  sobre  los  diferentes  instrumentos  financieros  derivados,  quedan encuadradas en el nivel 2 de la jerarqu\u00eda de valores razonables establecida por la NIIF 13, por estar  los inputs basados en precios cotizados para instrumentos similares en mercados activos (no incluidos en el nivel 1), precios cotizados para instrumentos id\u00e9nticos o similares en mercados que no son activos, y t\u00e9cnicas  basadas  en  modelos  de  valoraci\u00f3n  para  los  cuales  todos  los  inputs  significativos  son  observables  en  el  mercado o pueden ser corroborados por datos observables de mercado. En dicha clasificaci\u00f3n se ha tenido  en consideraci\u00f3n que los ajustes por riesgo de cr\u00e9dito utilizan inputs de nivel 3, como son las estimaciones  de  cr\u00e9dito  en  funci\u00f3n  del  rating  crediticio  o  de  empresas  comparables  para  evaluar  la  probabilidad  de  quiebra de la sociedad o de la contraparte, si bien, dichos ajustes no son significativos. Por otra parte, las  contraprestaciones contingentes que surgen en combinaciones de negocios que quedan encuadradas en el  nivel 3 de la jerarqu\u00eda (v\u00e9ase Nota 4). Las subvenciones de capital no reintegrables, asociadas a inversiones en activos productivos, se valoran por el valor razonable del importe concedido, neto de los costes incurridos para su obtenci\u00f3n, y se reconocen cuando se han cumplido los requisitos asociados a su concesi\u00f3n. Estas subvenciones se imputan a resultados en el ep\u00edgrafe \u201cSubvenciones de capital transferidas al resultado del ejercicio\u201d en proporci\u00f3n a la dotaci\u00f3n a la  amortizaci\u00f3n  efectuada  en  el  per\u00edodo  para  los  elementos  subvencionados  o,  en  su  caso,  cuando  se  produzca su enajenaci\u00f3n o correcci\u00f3n valorativa por deterioro Los \u201cIngresos ordinarios\u201d representan los importes a cobrar por los bienes entregados y servicios prestados  en el marco ordinario de la actividad, netos de devoluciones y descuentos, y cantidades recibidas por cuenta  de terceros, tales como el impuesto sobre el valor a\u00f1adido. Los ingresos se reconocen cuando se pueden  medir con fiabilidad y es probable que ENCE recibir\u00e1 los beneficios econ\u00f3micos asociados a la transacci\u00f3n, y  se valoran por el valor razonable de la contraprestaci\u00f3n recibida o a recibir.  ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-589": {
   "value": "La <span class=\"__1 _c8\"></span>diferencia <span class=\"__1 _c8\"></span>positiva<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>exis<span class=\"__1 _6\"></span>tente <span class=\"__1 _4\"></span>entre <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c8\"></span>contraprestaci\u00f3n <span class=\"__1 _c8\"> </span>tra<span class=\"__1 _6\"></span>nsferida <span class=\"__1 _c8\"></span>por <span class=\"__1 _c8\"></span>la <span class=\"__1 _c8\"></span>participaci\u00f3n <span class=\"__1 _c8\"> </span>adqu<span class=\"__1 _6\"></span>irida, <span class=\"__1 _c8\"></span>y <span class=\"__1 _c8\"></span>el<span class=\"__1 _1bc\"> </span> importe <span class=\"__1 _6\"></span>neto <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>activo<span class=\"__1 _6\"></span>s <span class=\"__1 _6\"></span>adquiridos<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>pasivos <span class=\"__1 _6\"></span>asumidos, <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>incluy<span class=\"__1 _6\"></span>e los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>pasivos <span class=\"__1 _6\"></span>con<span class=\"__1 _6\"></span>tingentes, <span class=\"__1 _6\"></span>junto <span class=\"__1 _6\"></span>con<span class=\"__1 _1bc\"> </span> el v<span class=\"__1 _6\"></span>alor <span class=\"__1 _6\"></span>razonable <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>participaci\u00f3n <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>pu<span class=\"__1 _6\"></span>diera <span class=\"__1 _6\"></span>tenerse <span class=\"__1 _6\"></span>prev<span class=\"__1 _6\"></span>iamente <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>negocio <span class=\"__1 _6\"></span>adquirido, <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>e registra<span class=\"__1 _1bc\"> </span> en <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>ep\u00edgrafe <span class=\"__1 _6\"></span>\u201cFondo <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>co<span class=\"__1 _6\"></span>mercio\u201d. <span class=\"__1 _6\"></span>Si <span class=\"__1 _8\"></span>dicha <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>iferencia <span class=\"__1 _6\"></span>fu<span class=\"__1 _6\"></span>era <span class=\"__1 _6\"></span>negativ<span class=\"__1 _6\"></span>a, <span class=\"__1 _6\"></span>se <span class=\"__1 _8\"></span>reconocer\u00eda <span class=\"__1 _6\"></span>directamente <span class=\"__1 _8\"></span>como<span class=\"__1 _1bc\"> </span> un mayor resulta<span class=\"__1 _6\"></span>do del ejercicio.<span class=\"__1 _1bc\"> </span>Los <span class=\"__1 _6\"></span>fond<span class=\"__1 _6\"></span>os <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>comercio <span class=\"__1 _6\"></span>s\u00f3lo <span class=\"__1 _8\"></span>se <span class=\"__1 _6\"></span>reconocen <span class=\"__1 _6\"></span>cu<span class=\"__1 _6\"></span>ando <span class=\"__1 _6\"></span>h<span class=\"__1 _6\"></span>an <span class=\"__1 _6\"></span>sido <span class=\"__1 _8\"></span>adquiridos <span class=\"__1 _8\"></span>a <span class=\"__1 _6\"></span>t\u00edtulo <span class=\"__1 _6\"></span>on<span class=\"__1 _6\"></span>eroso <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>no<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>amort<span class=\"__1 _6\"></span>izan. En <span class=\"__1 _4\"></span>su <span class=\"__1 _8\"></span>lugar, <span class=\"__1 _4\"></span>son <span class=\"__1 _8\"></span>revisados <span class=\"__1 _4\"></span>anualmente <span class=\"__1 _8\"></span>m<span class=\"__1 _6\"></span>ediante <span class=\"__1 _4\"></span>estudios <span class=\"__1 _8\"></span>para <span class=\"__1 _4\"></span>verificar <span class=\"__1 _8\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _4\"></span>no <span class=\"__1 _8\"></span>exista <span class=\"__1 _4\"></span>d<span class=\"__1 _5\"></span>eterioro <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>valor asignado <span class=\"__1 _6\"></span>inicialmente, <span class=\"__1 _6\"></span>recono<span class=\"__1 _6\"></span>ci\u00e9ndose <span class=\"__1 _6\"></span>p\u00e9rdidas<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>por <span class=\"__1 _6\"></span>el d<span class=\"__1 _6\"></span>eterioro <span class=\"__1 _6\"></span>de v<span class=\"__1 _8\"></span>alor <span class=\"__1 _6\"></span>si <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>valor <span class=\"__1 _6\"></span>recuperable <span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>inferior al valor asignado inicialmente. El valor recuperable se determina en base al valor actual de <span class=\"__1 _5\"></span>los flujos futuros esperados de las<span class=\"__1 _6\"></span> unidades generadoras<span class=\"__1 _6\"></span> de efectivo a las qu<span class=\"__1 _6\"></span>e se asigna cad<span class=\"__1 _6\"></span>a uno de los<span class=\"__1 _6\"></span> fondos de comerci<span class=\"__1 _6\"></span><span class=\"ls19\">o, </span>descontados<span class=\"__1 _6\"></span> a <span class=\"__1 _70\"></span>un<span class=\"__1 _6\"></span>a tasa <span class=\"__1 _70\"></span>q<span class=\"__1 _6\"></span>ue considera <span class=\"__1 _5\"></span>los riesgos e<span class=\"__1 _5\"></span>spec\u00edficos<span class=\"__1 _6\"></span> de <span class=\"__1 _70\"></span>cad<span class=\"__1 _6\"></span>a uno <span class=\"__1 _5\"></span>de los <span class=\"__1 _70\"></span>act<span class=\"__1 _6\"></span>ivos. Una vez <span class=\"__1 _5\"></span>reconocida la <span class=\"__1 _cb\"> </span>p\u00e9rdida  p<span class=\"__1 _6\"></span>or <span class=\"__1 _cb\"> </span>deterioro  d<span class=\"__1 _6\"></span>e <span class=\"__1 _cb\"> </span>un <span class=\"__1 _cb\"> </span>fondo  de <span class=\"__1 _cb\"> </span>comercio, <span class=\"__1 _cb\"> </span>\u00e9sta <span class=\"__1 _cb\"> </span>no  revierte <span class=\"__1 _cb\"> </span>en <span class=\"__1 _cb\"> </span>los <span class=\"__1 _cb\"> </span>ejercicios <span class=\"__1 _cb\"> </span>futuros. <span class=\"__1 _cb\"> </span>Estas valoraciones <span class=\"__1 _6\"></span>son realizadas <span class=\"__1 _6\"></span>de forma in<span class=\"__1 _6\"></span>terna <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>se ofrecen <span class=\"__1 _6\"></span>detalles sob<span class=\"__1 _6\"></span>re la <span class=\"__1 _6\"></span>metodolog\u00eda de c\u00e1lculo <span class=\"__1 _6\"></span>aplicada en la Nota 3.5. Adicionalmente <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>lo <span class=\"__1 _6\"></span>indicad<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>anteriormente, <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>fondos <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>comercio <span class=\"__1 _6\"></span>asociad<span class=\"__1 _6\"></span>os <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>plantas<span class=\"__1 _6\"></span> de <span class=\"__1 _6\"></span>generaci\u00f3n<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e energ\u00eda <span class=\"__1 _6\"></span>renovable <span class=\"__1 _8\"></span>se <span class=\"__1 _6\"></span>recuperan,<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>forma <span class=\"__1 _8\"></span>lineal, <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>a\u00f1os <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>ida <span class=\"__1 _6\"></span>regu<span class=\"__1 _6\"></span>latoria <span class=\"__1 _8\"></span>restante <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>plantas <span class=\"__1 _8\"></span>de<span class=\"__1 _1bc\"> </span> las <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>son <span class=\"__1 _4\"></span>titulares. <span class=\"__1 _4\"></span>En <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>ste <span class=\"__1 _4\"></span>sentido, <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>fond<span class=\"__1 _6\"></span>o <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>come<span class=\"__1 _5\"></span>rcio <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>deteriora <span class=\"__1 _4\"></span>para <span class=\"__1 _4\"></span>recoger <span class=\"__1 _4\"></span>as\u00ed <span class=\"__1 _8\"></span>el <span class=\"__1 _4\"></span>efecto <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>la reducci\u00f3n en la vida <span class=\"__1 _6\"></span>regulatoria restante de las<span class=\"__1 _6\"></span> plantas con el pas<span class=\"__1 _6\"></span>o del tiempo.<span class=\"__1 _1bc\"> </span>3.2<span class=\"ff5\"> <span class=\"__1 _cc\"> </span></span><span class=\"fc3\">Otros activos inta<span class=\"__1 _5\"></span>ngibles </span>Los <span class=\"__1 _c8\"> </span>derechos <span class=\"__1 _c8\"> </span>in<span class=\"__1 _6\"></span>cluidos <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c8\"> </span>este <span class=\"__1 _c8\"> </span>ep\u00edgrafe <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _c8\"></span>Estado <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c8\"></span>Situaci\u00f3n <span class=\"__1 _c8\"> </span>Finan<span class=\"__1 _6\"></span>ciera, <span class=\"__1 _c8\"></span>principalmente <span class=\"__1 _c8\"> </span>ap<span class=\"__1 _6\"></span>licaciones inform\u00e1ticas, <span class=\"__1 _6\"></span>gastos<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e d<span class=\"__1 _6\"></span>esarrollo, y<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>derechos <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>generaci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>energ\u00eda el<span class=\"__1 _8\"></span>\u00e9ctrica, <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>registra<span class=\"__1 _6\"></span>n <span class=\"__1 _6\"></span>inicialmente a <span class=\"__1 _8\"></span>su <span class=\"__1 _8\"></span>coste <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>adquisici\u00f3n <span class=\"__1 _8\"></span>o <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>roducci\u00f3n<span class=\"__1 _6\"></span>. <span class=\"__1 _8\"></span>Tras <span class=\"__1 _8\"></span>su <span class=\"__1 _8\"></span>reconoci<span class=\"__1 _6\"></span>miento <span class=\"__1 _8\"></span>inicial, <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>valoran <span class=\"__1 _8\"></span>al <span class=\"__1 _4\"></span>coste <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>ad<span class=\"__1 _6\"></span>quisici\u00f3n, deducidas la a<span class=\"__1 _6\"></span>mortizaci\u00f3n acumulada y cu<span class=\"__1 _6\"></span>alquier p\u00e9rdida por deterioro d<span class=\"__1 _6\"></span>e valor (v\u00e9ase Nota<span class=\"__1 _6\"></span> 3.5). <span class=\"__1 _6\"></span> Los activos intangibles del Grupo tienen la consideraci\u00f3n de intangibles con vida \u00fatil definida y <span class=\"__1 _5\"></span>se amortizan siguiendo <span class=\"__1 _4\"></span>el <span class=\"__1 _6\"></span>m\u00e9todo <span class=\"__1 _4\"></span>lineal <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>lo <span class=\"__1 _4\"></span>largo <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>su<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>vida <span class=\"__1 _8\"></span>\u00fa<span class=\"__1 _6\"></span>til <span class=\"__1 _8\"></span>estimada, <span class=\"__1 _4\"></span>considerando <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>periodo <span class=\"__1 _4\"></span>durante <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>cual <span class=\"__1 _4\"></span>se prev\u00e9 que generar\u00e1n ingreso<span class=\"__1 _6\"></span>s. Gastos de I+D - Los gasto<span class=\"__1 _6\"></span>s de investigaci\u00f3n s<span class=\"__1 _6\"></span>e reconocen como gasto en el ejercicio en el q<span class=\"__1 _6\"></span>ue incurre en ellos<span class=\"__1 _6\"></span>. <span class=\"__1 _6\"></span> Por <span class=\"__1 _c6\"> </span>su<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>parte,  los <span class=\"__1 _c8\"> </span>gas<span class=\"__1 _6\"></span>tos <span class=\"__1 _ca\"> </span>de <span class=\"__1 _c6\"> </span>desarrollo<span class=\"__1 _6\"></span>,  que <span class=\"__1 _c8\"> </span>in<span class=\"__1 _6\"></span>cluyen <span class=\"__1 _c6\"> </span>el  desarrollo <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>nu<span class=\"__1 _6\"></span>evos <span class=\"__1 _c6\"> </span>p<span class=\"__1 _6\"></span>royectos  de <span class=\"__1 _c8\"> </span>negocio,<span class=\"__1 _8\"></span> <span class=\"__1 _c6\"> </span>se<span class=\"__1 _6\"></span> reconocen como <span class=\"__1 _6\"></span>activo <span class=\"__1 _6\"></span>cuando <span class=\"__1 _6\"></span>su coste <span class=\"__1 _6\"></span>es id<span class=\"__1 _6\"></span>entificable por pro<span class=\"__1 _6\"></span>ye<span class=\"__1 _6\"></span>cto, y <span class=\"__1 _6\"></span>es probab<span class=\"__1 _6\"></span>le que el p<span class=\"__1 _6\"></span>royecto v<span class=\"__1 _6\"></span>aya a tener <span class=\"__1 _8\"></span>\u00e9xito <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>nivel <span class=\"__1 _8\"></span>t\u00e9cnico <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>comercial. <span class=\"__1 _4\"></span>Los <span class=\"__1 _4\"></span>gastos <span class=\"__1 _8\"></span>que <span class=\"__1 _4\"></span>no <span class=\"__1 _8\"></span>re\u00fanen <span class=\"__1 _4\"></span>estos <span class=\"__1 _8\"></span>requ<span class=\"__1 _6\"></span>isitos <span class=\"__1 _8\"></span>se <span class=\"__1 _4\"></span>reconocen <span class=\"__1 _8\"></span>como <span class=\"__1 _4\"></span>un gasto en el ejercicio en q<span class=\"__1 _6\"></span>ue se incurren.<span class=\"__1 _6\"></span> Estos <span class=\"__1 _4\"></span>costes <span class=\"__1 _4\"></span>cap<span class=\"__1 _6\"></span>italizados <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>amortizan <span class=\"__1 _4\"></span>linealm<span class=\"__1 _6\"></span>ente <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>5 <span class=\"__1 _4\"></span>a\u00f1os<span class=\"__1 _6\"></span>, <span class=\"__1 _4\"></span>o <span class=\"__1 _4\"></span>bie<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>plazo <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>prevea <span class=\"__1 _4\"></span>q<span class=\"__1 _6\"></span>ue generar\u00e1n ingresos s<span class=\"__1 _6\"></span>i este plazo es s<span class=\"__1 _6\"></span>uperior, con el l\u00edmite de 10 a\u00f1os<span class=\"__1 _6\"></span>.<span class=\"__1 _6\"></span> Aplicaciones inform\u00e1tic<span class=\"__1 _6\"></span>as<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _6\"></span>Grupo <span class=\"__1 _6\"></span>registra <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>esta <span class=\"__1 _6\"></span>cuen<span class=\"__1 _6\"></span>ta <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>costes <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>adquis<span class=\"__1 _6\"></span>ici\u00f3n de <span class=\"__1 _6\"></span>programas<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>inform\u00e1ticos, <span class=\"__1 _6\"></span>as\u00ed <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>coste <span class=\"__1 _6\"></span>de<span class=\"__1 _6\"></span> licencias con <span class=\"__1 _6\"></span>vigencia <span class=\"__1 _6\"></span>plurianual. <span class=\"__1 _6\"></span>Asimismo, <span class=\"__1 _6\"></span>se reconocen <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>activos <span class=\"__1 _6\"></span>intangibles <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>costes directament<span class=\"__1 _6\"></span>e relacionados <span class=\"__1 _4\"></span>con <span class=\"__1 _c8\"></span>el <span class=\"__1 _4\"></span>desarrollo <span class=\"__1 _4\"></span>interno <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>programas <span class=\"__1 _4\"></span>in<span class=\"__1 _6\"></span>form\u00e1ticos, <span class=\"__1 _4\"></span>siempre <span class=\"__1 _c8\"></span>que <span class=\"__1 _4\"></span>su <span class=\"__1 _4\"></span>coste <span class=\"__1 _4\"></span>sea <span class=\"__1 _4\"></span>clara<span class=\"__1 _6\"></span>mente identificable <span class=\"__1 _70\"></span>por <span class=\"__1 _70\"></span>pro<span class=\"__1 _6\"></span>yecto, <span class=\"__1 _70\"></span>y <span class=\"__1 _70\"></span>sea <span class=\"__1 _70\"></span>pro<span class=\"__1 _6\"></span>bable <span class=\"__1 _70\"></span>que <span class=\"__1 _70\"></span>vayan<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>a <span class=\"__1 _70\"></span>gener<span class=\"__1 _6\"></span>ar<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>beneficios <span class=\"__1 _70\"></span>econ\u00f3m<span class=\"__1 _6\"></span>icos <span class=\"__1 _70\"></span>a <span class=\"__1 _70\"></span>fut<span class=\"__1 _6\"></span>uro <span class=\"__1 _70\"></span>para <span class=\"__1 _70\"></span>el <span class=\"__1 _5\"></span>Grupo. El resto de los costes internos y <span class=\"__1 _5\"></span>externos asociados al mantenimiento y desarrollo de software se imputan a resultados en el ejercicio en q<span class=\"__1 _6\"></span>ue se incu<span class=\"__1 _6\"></span>rren.<span class=\"__1 _1bc\"> </span> La amortizaci\u00f3n <span class=\"__1 _5\"></span>de las <span class=\"__1 _5\"></span>aplicacio<span class=\"__1 _6\"></span>nes inform\u00e1ticas <span class=\"__1 _5\"></span>se realiza aplicando el <span class=\"__1 _5\"></span>m\u00e9todo lineal <span class=\"__1 _5\"></span>duran<span class=\"__1 _6\"></span>te un <span class=\"__1 _5\"></span>per\u00edodo de 5 a\u00f1os, a co<span class=\"__1 _6\"></span>ntar desde la entrada en explotaci\u00f3n<span class=\"__1 _6\"></span> de cada programa.<span class=\"__1 _8\"></span> Derechos de ge<span class=\"__1 _6\"></span>neraci\u00f3n de energ\u00eda el\u00e9ctric<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>- Los d<span class=\"__1 _6\"></span>erechos de <span class=\"__1 _6\"></span>generaci\u00f3n qu<span class=\"__1 _6\"></span>e permiten a <span class=\"__1 _6\"></span>una <span class=\"__1 _6\"></span>instalaci\u00f3n <span class=\"__1 _6\"></span>de generaci\u00f3n <span class=\"__1 _6\"></span>de energ<span class=\"__1 _6\"></span>\u00eda operar <span class=\"__1 _6\"></span>en el <span class=\"__1 _6\"></span>r\u00e9gimen retributivo especial regulado en el <span class=\"__1 _5\"></span>Real Decreto 413/2014, de 6 de <span class=\"__1 _5\"></span>junio, por el <span class=\"__1 _5\"></span>que se regula la <span class=\"__1 _5\"></span>actividad de producci\u00f3n <span class=\"__1 _ca\"> </span>de <span class=\"__1 _c6\"> </span>energ\u00eda <span class=\"__1 _c6\"> </span>el<span class=\"__1 _6\"></span>\u00e9ctrica <span class=\"__1 _c6\"> </span>a  partir <span class=\"__1 _ca\"> </span>de <span class=\"__1 _c6\"> </span>fuentes <span class=\"__1 _ca\"> </span>de <span class=\"__1 _c6\"> </span>energ\u00eda  re<span class=\"__1 _5\"></span>novable,  coge<span class=\"__1 _5\"></span>neraci\u00f3<span class=\"__1 _6\"></span>n <span class=\"__1 _c6\"> </span>y  re<span class=\"__1 _5\"></span>siduos, <span class=\"__1 _ca\"> </span>se registran <span class=\"__1 _6\"></span>por <span class=\"__1 _8\"></span>su <span class=\"__1 _6\"></span>cos<span class=\"__1 _6\"></span>te <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>ad<span class=\"__1 _6\"></span>quis<span class=\"__1 _6\"></span>ici\u00f3n, <span class=\"__1 _6\"></span>o <span class=\"__1 _8\"></span>bien, <span class=\"__1 _6\"></span>por <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>coste <span class=\"__1 _8\"></span>incurrido <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>su <span class=\"__1 _8\"></span>obtenci\u00f3n, <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>se <span class=\"__1 _6\"></span>amortizan <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> a\u00f1os de v<span class=\"__1 _6\"></span>ida \u00fatil regulatoria de las ins<span class=\"__1 _6\"></span>talaciones de generaci<span class=\"__1 _6\"></span>\u00f3n de energ\u00eda renovab<span class=\"__1 _6\"></span>le en la<span class=\"__1 _6\"></span>s qu<span class=\"__1 _6\"></span>e se utilizan.<span class=\"__1 _1bc\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-603": {
   "value": "Los fondos de comercio s\u00f3lo se reconocen cuando han sido adquiridos a t\u00edtulo oneroso y no se amortizan. En su lugar, son revisados anualmente mediante estudios para verificar que no exista deterioro del valor asignado inicialmente, reconoci\u00e9ndose p\u00e9rdidas por el deterioro de valor si el valor recuperable es inferior al valor asignado inicialmente. El valor recuperable se determina en base al valor actual de los flujos futuros esperados de las unidades generadoras de efectivo a las que se asigna cada uno de los fondos de comercio, descontados a una tasa que considera los riesgos espec\u00edficos de cada uno de los activos. Una vez reconocida la  p\u00e9rdida  por  deterioro  de  un  fondo  de  comercio,  \u00e9sta  no  revierte  en  los  ejercicios  futuros.  Estas valoraciones son realizadas de forma interna y se ofrecen detalles sobre la metodolog\u00eda de c\u00e1lculo aplicada en la Nota 3.5. Adicionalmente a lo indicado anteriormente, los fondos de comercio asociados a plantas de generaci\u00f3n de energ\u00eda renovable se recuperan, de forma lineal, en los a\u00f1os de vida regulatoria restante de las plantas de las que son titulares. En este sentido, el fondo de comercio se deteriora para recoger as\u00ed el efecto de la reducci\u00f3n en la vida regulatoria restante de las plantas con el paso del tiempo. El Grupo eval\u00faa en cada  transacci\u00f3n si ha adquirido un negocio o un grupo de  activos,  analizando si el conjunto de activos adquiridos cumple con la definici\u00f3n de negocio recogida en NIIF-3. El Grupo reconoce las participaciones no dominantes en una entidad adquirida por su participaci\u00f3n en los activos netos identificables de la entidad. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognisingDifferenceBetweenFairValueAtInitialRecognitionAndAmountDeterminedUsingValuationTechniqueExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-594": {
   "value": "3.2<span class=\"ff5\"> <span class=\"__1 _cc\"> </span></span><span class=\"fc3\">Otros activos inta<span class=\"__1 _5\"></span>ngibles </span>Los <span class=\"__1 _c8\"> </span>derechos <span class=\"__1 _c8\"> </span>in<span class=\"__1 _6\"></span>cluidos <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c8\"> </span>este <span class=\"__1 _c8\"> </span>ep\u00edgrafe <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _c8\"></span>Estado <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c8\"></span>Situaci\u00f3n <span class=\"__1 _c8\"> </span>Finan<span class=\"__1 _6\"></span>ciera, <span class=\"__1 _c8\"></span>principalmente <span class=\"__1 _c8\"> </span>ap<span class=\"__1 _6\"></span>licaciones inform\u00e1ticas, <span class=\"__1 _6\"></span>gastos<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e d<span class=\"__1 _6\"></span>esarrollo, y<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>derechos <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>generaci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>energ\u00eda el<span class=\"__1 _8\"></span>\u00e9ctrica, <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>registra<span class=\"__1 _6\"></span>n <span class=\"__1 _6\"></span>inicialmente a <span class=\"__1 _8\"></span>su <span class=\"__1 _8\"></span>coste <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>adquisici\u00f3n <span class=\"__1 _8\"></span>o <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>roducci\u00f3n<span class=\"__1 _6\"></span>. <span class=\"__1 _8\"></span>Tras <span class=\"__1 _8\"></span>su <span class=\"__1 _8\"></span>reconoci<span class=\"__1 _6\"></span>miento <span class=\"__1 _8\"></span>inicial, <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>valoran <span class=\"__1 _8\"></span>al <span class=\"__1 _4\"></span>coste <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>ad<span class=\"__1 _6\"></span>quisici\u00f3n, deducidas la a<span class=\"__1 _6\"></span>mortizaci\u00f3n acumulada y cu<span class=\"__1 _6\"></span>alquier p\u00e9rdida por deterioro d<span class=\"__1 _6\"></span>e valor (v\u00e9ase Nota<span class=\"__1 _6\"></span> 3.5). <span class=\"__1 _6\"></span> Los activos intangibles del Grupo tienen la consideraci\u00f3n de intangibles con vida \u00fatil definida y <span class=\"__1 _5\"></span>se amortizan siguiendo <span class=\"__1 _4\"></span>el <span class=\"__1 _6\"></span>m\u00e9todo <span class=\"__1 _4\"></span>lineal <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>lo <span class=\"__1 _4\"></span>largo <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>su<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>vida <span class=\"__1 _8\"></span>\u00fa<span class=\"__1 _6\"></span>til <span class=\"__1 _8\"></span>estimada, <span class=\"__1 _4\"></span>considerando <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>periodo <span class=\"__1 _4\"></span>durante <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>cual <span class=\"__1 _4\"></span>se prev\u00e9 que generar\u00e1n ingreso<span class=\"__1 _6\"></span>s. Gastos de I+D - Los gasto<span class=\"__1 _6\"></span>s de investigaci\u00f3n s<span class=\"__1 _6\"></span>e reconocen como gasto en el ejercicio en el q<span class=\"__1 _6\"></span>ue incurre en ellos<span class=\"__1 _6\"></span>. <span class=\"__1 _6\"></span> Por <span class=\"__1 _c6\"> </span>su<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>parte,  los <span class=\"__1 _c8\"> </span>gas<span class=\"__1 _6\"></span>tos <span class=\"__1 _ca\"> </span>de <span class=\"__1 _c6\"> </span>desarrollo<span class=\"__1 _6\"></span>,  que <span class=\"__1 _c8\"> </span>in<span class=\"__1 _6\"></span>cluyen <span class=\"__1 _c6\"> </span>el  desarrollo <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>nu<span class=\"__1 _6\"></span>evos <span class=\"__1 _c6\"> </span>p<span class=\"__1 _6\"></span>royectos  de <span class=\"__1 _c8\"> </span>negocio,<span class=\"__1 _8\"></span> <span class=\"__1 _c6\"> </span>se<span class=\"__1 _6\"></span> reconocen como <span class=\"__1 _6\"></span>activo <span class=\"__1 _6\"></span>cuando <span class=\"__1 _6\"></span>su coste <span class=\"__1 _6\"></span>es id<span class=\"__1 _6\"></span>entificable por pro<span class=\"__1 _6\"></span>ye<span class=\"__1 _6\"></span>cto, y <span class=\"__1 _6\"></span>es probab<span class=\"__1 _6\"></span>le que el p<span class=\"__1 _6\"></span>royecto v<span class=\"__1 _6\"></span>aya a tener <span class=\"__1 _8\"></span>\u00e9xito <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>nivel <span class=\"__1 _8\"></span>t\u00e9cnico <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>comercial. <span class=\"__1 _4\"></span>Los <span class=\"__1 _4\"></span>gastos <span class=\"__1 _8\"></span>que <span class=\"__1 _4\"></span>no <span class=\"__1 _8\"></span>re\u00fanen <span class=\"__1 _4\"></span>estos <span class=\"__1 _8\"></span>requ<span class=\"__1 _6\"></span>isitos <span class=\"__1 _8\"></span>se <span class=\"__1 _4\"></span>reconocen <span class=\"__1 _8\"></span>como <span class=\"__1 _4\"></span>un gasto en el ejercicio en q<span class=\"__1 _6\"></span>ue se incurren.<span class=\"__1 _6\"></span> Estos <span class=\"__1 _4\"></span>costes <span class=\"__1 _4\"></span>cap<span class=\"__1 _6\"></span>italizados <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>amortizan <span class=\"__1 _4\"></span>linealm<span class=\"__1 _6\"></span>ente <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>5 <span class=\"__1 _4\"></span>a\u00f1os<span class=\"__1 _6\"></span>, <span class=\"__1 _4\"></span>o <span class=\"__1 _4\"></span>bie<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>plazo <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>prevea <span class=\"__1 _4\"></span>q<span class=\"__1 _6\"></span>ue generar\u00e1n ingresos s<span class=\"__1 _6\"></span>i este plazo es s<span class=\"__1 _6\"></span>uperior, con el l\u00edmite de 10 a\u00f1os<span class=\"__1 _6\"></span>.<span class=\"__1 _6\"></span> Aplicaciones inform\u00e1tic<span class=\"__1 _6\"></span>as<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _6\"></span>Grupo <span class=\"__1 _6\"></span>registra <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>esta <span class=\"__1 _6\"></span>cuen<span class=\"__1 _6\"></span>ta <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>costes <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>adquis<span class=\"__1 _6\"></span>ici\u00f3n de <span class=\"__1 _6\"></span>programas<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>inform\u00e1ticos, <span class=\"__1 _6\"></span>as\u00ed <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>coste <span class=\"__1 _6\"></span>de<span class=\"__1 _6\"></span> licencias con <span class=\"__1 _6\"></span>vigencia <span class=\"__1 _6\"></span>plurianual. <span class=\"__1 _6\"></span>Asimismo, <span class=\"__1 _6\"></span>se reconocen <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>activos <span class=\"__1 _6\"></span>intangibles <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>costes directament<span class=\"__1 _6\"></span>e relacionados <span class=\"__1 _4\"></span>con <span class=\"__1 _c8\"></span>el <span class=\"__1 _4\"></span>desarrollo <span class=\"__1 _4\"></span>interno <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>programas <span class=\"__1 _4\"></span>in<span class=\"__1 _6\"></span>form\u00e1ticos, <span class=\"__1 _4\"></span>siempre <span class=\"__1 _c8\"></span>que <span class=\"__1 _4\"></span>su <span class=\"__1 _4\"></span>coste <span class=\"__1 _4\"></span>sea <span class=\"__1 _4\"></span>clara<span class=\"__1 _6\"></span>mente identificable <span class=\"__1 _70\"></span>por <span class=\"__1 _70\"></span>pro<span class=\"__1 _6\"></span>yecto, <span class=\"__1 _70\"></span>y <span class=\"__1 _70\"></span>sea <span class=\"__1 _70\"></span>pro<span class=\"__1 _6\"></span>bable <span class=\"__1 _70\"></span>que <span class=\"__1 _70\"></span>vayan<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>a <span class=\"__1 _70\"></span>gener<span class=\"__1 _6\"></span>ar<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>beneficios <span class=\"__1 _70\"></span>econ\u00f3m<span class=\"__1 _6\"></span>icos <span class=\"__1 _70\"></span>a <span class=\"__1 _70\"></span>fut<span class=\"__1 _6\"></span>uro <span class=\"__1 _70\"></span>para <span class=\"__1 _70\"></span>el <span class=\"__1 _5\"></span>Grupo. El resto de los costes internos y <span class=\"__1 _5\"></span>externos asociados al mantenimiento y desarrollo de software se imputan a resultados en el ejercicio en q<span class=\"__1 _6\"></span>ue se incu<span class=\"__1 _6\"></span>rren.<span class=\"__1 _1bc\"> </span> La amortizaci\u00f3n <span class=\"__1 _5\"></span>de las <span class=\"__1 _5\"></span>aplicacio<span class=\"__1 _6\"></span>nes inform\u00e1ticas <span class=\"__1 _5\"></span>se realiza aplicando el <span class=\"__1 _5\"></span>m\u00e9todo lineal <span class=\"__1 _5\"></span>duran<span class=\"__1 _6\"></span>te un <span class=\"__1 _5\"></span>per\u00edodo de 5 a\u00f1os, a co<span class=\"__1 _6\"></span>ntar desde la entrada en explotaci\u00f3n<span class=\"__1 _6\"></span> de cada programa.<span class=\"__1 _8\"></span> Derechos de ge<span class=\"__1 _6\"></span>neraci\u00f3n de energ\u00eda el\u00e9ctric<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>- Los d<span class=\"__1 _6\"></span>erechos de <span class=\"__1 _6\"></span>generaci\u00f3n qu<span class=\"__1 _6\"></span>e permiten a <span class=\"__1 _6\"></span>una <span class=\"__1 _6\"></span>instalaci\u00f3n <span class=\"__1 _6\"></span>de generaci\u00f3n <span class=\"__1 _6\"></span>de energ<span class=\"__1 _6\"></span>\u00eda operar <span class=\"__1 _6\"></span>en el <span class=\"__1 _6\"></span>r\u00e9gimen retributivo especial regulado en el <span class=\"__1 _5\"></span>Real Decreto 413/2014, de 6 de <span class=\"__1 _5\"></span>junio, por el <span class=\"__1 _5\"></span>que se regula la <span class=\"__1 _5\"></span>actividad de producci\u00f3n <span class=\"__1 _ca\"> </span>de <span class=\"__1 _c6\"> </span>energ\u00eda <span class=\"__1 _c6\"> </span>el<span class=\"__1 _6\"></span>\u00e9ctrica <span class=\"__1 _c6\"> </span>a  partir <span class=\"__1 _ca\"> </span>de <span class=\"__1 _c6\"> </span>fuentes <span class=\"__1 _ca\"> </span>de <span class=\"__1 _c6\"> </span>energ\u00eda  re<span class=\"__1 _5\"></span>novable,  coge<span class=\"__1 _5\"></span>neraci\u00f3<span class=\"__1 _6\"></span>n <span class=\"__1 _c6\"> </span>y  re<span class=\"__1 _5\"></span>siduos, <span class=\"__1 _ca\"> </span>se registran <span class=\"__1 _6\"></span>por <span class=\"__1 _8\"></span>su <span class=\"__1 _6\"></span>cos<span class=\"__1 _6\"></span>te <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>ad<span class=\"__1 _6\"></span>quis<span class=\"__1 _6\"></span>ici\u00f3n, <span class=\"__1 _6\"></span>o <span class=\"__1 _8\"></span>bien, <span class=\"__1 _6\"></span>por <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>coste <span class=\"__1 _8\"></span>incurrido <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>su <span class=\"__1 _8\"></span>obtenci\u00f3n, <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>se <span class=\"__1 _6\"></span>amortizan <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> a\u00f1os de v<span class=\"__1 _6\"></span>ida \u00fatil regulatoria de las ins<span class=\"__1 _6\"></span>talaciones de generaci<span class=\"__1 _6\"></span>\u00f3n de energ\u00eda renovab<span class=\"__1 _6\"></span>le en la<span class=\"__1 _6\"></span>s qu<span class=\"__1 _6\"></span>e se utilizan.<span class=\"__1 _1bc\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-569": {
   "value": "Los activos intangibles del Grupo tienen la consideraci\u00f3n de intangibles con vida \u00fatil definida y se amortizan siguiendo el m\u00e9todo lineal a lo largo de su vida \u00fatil estimada, considerando el periodo durante el cual se prev\u00e9 que generar\u00e1n ingresos. Amortizaciones y deterioros Durante el ejercicio 2023 y 2022 el Grupo amortiza su inmovilizado material siguiendo el m\u00e9todo lineal, distribuyendo el coste de los activos entre los a\u00f1os de vida \u00fatil estimada, de acuerdo con el siguiente detalle: El Grupo revisa peri\u00f3dicamente el valor residual, la vida \u00fatil y el m\u00e9todo de amortizaci\u00f3n del inmovilizado material. Las modificaciones en los criterios inicialmente establecidos se reconocen como un cambio de estimaci\u00f3n. Los  terrenos  se  registran  de  forma  independiente  de  los  edificios  o  instalaciones  que  puedan  estar asentadas sobre los mismos y se entiende que tienen una vida \u00fatil indefinida y, por tanto, no son objeto de amortizaci\u00f3n. Con  car\u00e1cter  general,  las  inversiones  en  edificaciones  construidas  en  terrenos  cedidos  en  r\u00e9gimen concesional se registran en la cuenta \u201cConstrucciones\u201d. Dicho coste, junto con el del resto de instalaciones fijas ubicadas en los terrenos concesionados se amortiza en funci\u00f3n de su vida \u00fatil, estableci\u00e9ndose como l\u00edmite el periodo restante de vigencia de la concesi\u00f3n. Porcentaje A\u00f1os de Vida Amortizaci\u00f3n \u00datil Estimada Construcciones 2%-3% 33-50 Instalaciones t\u00e9cnicas Plantas de generaci\u00f3n con biomasa 4% 25 Otras instalaciones 5%-8,3%  12-20 Maquinaria 5%-12,5% 8-20 Utillaje y mobiliario 8,3%-12,5% 8-12 Equipos procesos de informaci\u00f3n 20% 5 Elementos transporte 10% 10 Otro inmovilizado material 10% 10 A\u00f1o 2023 En ENCE Renovables, la regulaci\u00f3n establece una vida regulatoria para los activos operativos que depende  de la tecnolog\u00eda, siendo la actualmente establecida de 25 a\u00f1os para las instalaciones de biomasa. La vida  regulatoria es el periodo durante la cual la instalaci\u00f3n va a tener derecho a pertenecer al r\u00e9gimen retributivo  establecido  en  la  normativa  energ\u00e9tica  y,  por  tanto, a obtener los  beneficios  econ\u00f3micos  que  apliquen  (retribuciones a la inversi\u00f3n o a la operaci\u00f3n mediante el mecanismo de retribuci\u00f3n m\u00ednima establecida en  el mismo). En este sentido, los activos vinculados a estas instalaciones se amortizan considerando su vida  \u00fatil con el l\u00edmite de la vida \u00fatil regulatoria, salvo que se espere obtener flujos econ\u00f3micos positivos m\u00e1s all\u00e1  de su vida regulatoria.  Las sociedades del Grupo eval\u00faan peri\u00f3dicamente, y al menos al cierre de cada ejercicio, si existen indicios  de deterioro de alg\u00fan activo o conjunto de activos del inmovilizado con objeto de proceder en su caso, tal  como se indica en el apartado 3.5 de la presente nota, al deterioro o reversi\u00f3n del mismo para ajustar su  valor neto contable a su valor recuperable,  sin  superar en ning\u00fan  caso  las  reversiones a los deterioros  previos  realizados.  Los  deterioros  de  valor  se  reconocen,  con  cargo  al  ep\u00edgrafe  \u201cDeterioros  de  valor  y  resultados por enajenaci\u00f3n de inmovilizado\u201d. En el momento de la recolecci\u00f3n del vuelo forestal se reduce el valor del activo a trav\u00e9s de la cuenta \u201cActivos  biol\u00f3gicos \u2013 agotamiento de la reserva forestal\u201d y se reconoce un gasto en el ep\u00edgrafe \u201cAgotamiento de la  reserva forestal\u201d del Estado de Resultado consolidado por el coste incurrido en su producci\u00f3n. La cuant\u00eda de  dicha reducci\u00f3n se corresponde con el 100% de los costes de turno incurridos, as\u00ed como la parte proporcional de los costes de ciclo, estimada considerando el n\u00famero de turnos previstos en el ciclo. Asimismo, cuando el vuelo forestal llega al final de su ciclo productivo se da de baja \u00edntegramente el valor del activo y su agotamiento forestal acumulado.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-602": {
   "value": "Gastos de I+D - Los gastos de investigaci\u00f3n se reconocen como gasto en el ejercicio en el que incurre en ellos.  Por  su  parte,  los  gastos  de  desarrollo,  que  incluyen  el  desarrollo  de  nuevos  proyectos  de  negocio,  se reconocen como activo cuando su coste es identificable por proyecto, y es probable que el proyecto vaya a tener \u00e9xito a nivel t\u00e9cnico y comercial. Los gastos que no re\u00fanen estos requisitos se reconocen como un gasto en el ejercicio en que se incurren. Estos costes capitalizados se amortizan linealmente en 5 a\u00f1os, o bien en el plazo en que se prevea que generar\u00e1n ingresos si este plazo es superior, con el l\u00edmite de 10 a\u00f1os. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForResearchAndDevelopmentExpenseExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-509": {
   "value": "Aplicaciones inform\u00e1tic<span class=\"__1 _6\"></span>as<span class=\"__1 _1bc\"> </span>-<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _6\"></span>Grupo <span class=\"__1 _6\"></span>registra <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>esta <span class=\"__1 _6\"></span>cuen<span class=\"__1 _6\"></span>ta <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>costes <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>adquis<span class=\"__1 _6\"></span>ici\u00f3n de <span class=\"__1 _6\"></span>programas<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>inform\u00e1ticos, <span class=\"__1 _6\"></span>as\u00ed <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>coste <span class=\"__1 _6\"></span>de<span class=\"__1 _6\"></span> licencias con <span class=\"__1 _6\"></span>vigencia <span class=\"__1 _6\"></span>plurianual. <span class=\"__1 _6\"></span>Asimismo, <span class=\"__1 _6\"></span>se reconocen <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>activos <span class=\"__1 _6\"></span>intangibles <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>costes directament<span class=\"__1 _6\"></span>e relacionados <span class=\"__1 _4\"></span>con <span class=\"__1 _c8\"></span>el <span class=\"__1 _4\"></span>desarrollo <span class=\"__1 _4\"></span>interno <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>programas <span class=\"__1 _4\"></span>in<span class=\"__1 _6\"></span>form\u00e1ticos, <span class=\"__1 _4\"></span>siempre <span class=\"__1 _c8\"></span>que <span class=\"__1 _4\"></span>su <span class=\"__1 _4\"></span>coste <span class=\"__1 _4\"></span>sea <span class=\"__1 _4\"></span>clara<span class=\"__1 _6\"></span>mente identificable <span class=\"__1 _70\"></span>por <span class=\"__1 _70\"></span>pro<span class=\"__1 _6\"></span>yecto, <span class=\"__1 _70\"></span>y <span class=\"__1 _70\"></span>sea <span class=\"__1 _70\"></span>pro<span class=\"__1 _6\"></span>bable <span class=\"__1 _70\"></span>que <span class=\"__1 _70\"></span>vayan<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>a <span class=\"__1 _70\"></span>gener<span class=\"__1 _6\"></span>ar<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>beneficios <span class=\"__1 _70\"></span>econ\u00f3m<span class=\"__1 _6\"></span>icos <span class=\"__1 _70\"></span>a <span class=\"__1 _70\"></span>fut<span class=\"__1 _6\"></span>uro <span class=\"__1 _70\"></span>para <span class=\"__1 _70\"></span>el <span class=\"__1 _5\"></span>Grupo. El resto de los costes internos y <span class=\"__1 _5\"></span>externos asociados al mantenimiento y desarrollo de software se imputan a resultados en el ejercicio en q<span class=\"__1 _6\"></span>ue se incu<span class=\"__1 _6\"></span>rren.<span class=\"__1 _1bc\"> </span>La amortizaci\u00f3n <span class=\"__1 _5\"></span>de las <span class=\"__1 _5\"></span>aplicacio<span class=\"__1 _6\"></span>nes inform\u00e1ticas <span class=\"__1 _5\"></span>se realiza aplicando el <span class=\"__1 _5\"></span>m\u00e9todo lineal <span class=\"__1 _5\"></span>duran<span class=\"__1 _6\"></span>te un <span class=\"__1 _5\"></span>per\u00edodo de 5 a\u00f1os, a co<span class=\"__1 _6\"></span>ntar desde la entrada en explotaci\u00f3n<span class=\"__1 _6\"></span> de cada programa.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForProgrammingAssetsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-604": {
   "value": "3.3  Propiedad, planta y equipo Estos activos se valoran al precio de adquisici\u00f3n o coste de producci\u00f3n, deducidas las amortizaciones y los deterioros de valor, si los hubiera (v\u00e9ase Nota 3.5). El coste de adquisici\u00f3n incluye, en su caso, los siguientes conceptos: \u2022  Los intereses devengados durante el periodo de construcci\u00f3n, siempre que este per\u00edodo sea superior a 1 a\u00f1o,  y  relativos  a  la  financiaci\u00f3n  atribuible  al  activo productivo.  La  tasa  de  inter\u00e9s utilizada  es  la correspondiente a la financiaci\u00f3n espec\u00edfica o, de no existir, la tasa media de financiaci\u00f3n del Grupo (v\u00e9ase Nota 28). \u2022  Los  trabajos  realizados  por  el  Grupo  para  su  propio  inmovilizado  material  se  registran  al  coste acumulado que resulta de a\u00f1adir a los costes externos los costes internos, principalmente costes de personal,  materiales  de  almac\u00e9n  y  otros  costes  operativos.  Durante  el  ejercicio  2023  el  importe registrado por este concepto asciende a 1.558 miles \u20ac (250 miles \u20ac en 2022), y se registra dentro del ep\u00edgrafe \u201cTrabajos realizados por el Grupo para su inmovilizado\u201d del Estado de Resultado consolidado.  \u2022  En caso de que el Grupo est\u00e9 obligado a desmantelar sus instalaciones y rehabilitar el lugar donde se asientan,  el  valor  estimado  de  dichos  costes se  incorpora  al  valor  en libros  del  activo  por  su  valor presente,  con  abono  al  ep\u00edgrafe  \u201cProvisiones\u201d  del  Estado  de  Situaci\u00f3n  Financiera  consolidado.  Los cambios posteriores en la evaluaci\u00f3n de las obligaciones por desmantelamiento se a\u00f1aden o deducen del valor neto contable del activo correspondiente en el periodo en el que se producen.  A este respecto, \u00fanicamente se estima que se incurrir\u00e1 en este tipo de costes en relaci\u00f3n a la biof\u00e1brica de  Pontevedra  asentada  en  terrenos  de  dominio  p\u00fablico  disponibles  a  trav\u00e9s  de  una  concesi\u00f3n administrativa,  ya  que  seg\u00fan  los  t\u00e9rminos  de  otorgamiento  de  la  concesi\u00f3n  administrativa,  a  su vencimiento, las instalaciones construidas sobre el terreno revertir\u00e1n al Estado o bien \u00e9ste requerir\u00e1 su desmantelamiento. \u2022  Con anterioridad a la fecha de transici\u00f3n a la normativa contable internacional (1 de enero de 2004), el Grupo ENCE actualiz\u00f3 el valor de sus terrenos registrados en el ep\u00edgrafe \u201cPropiedad, planta y equipo\u201d del Estado de Situaci\u00f3n Financiera consolidado a su valor de mercado en ese momento (v\u00e9ase Nota 16), habi\u00e9ndose  considerado  el  importe  de  dicha  actualizaci\u00f3n  como  parte  del  coste  de  los  activos  de  acuerdo con lo establecido por la NIIF 1.  Los  costes  de  ampliaci\u00f3n,  modernizaci\u00f3n  o  mejoras  que  representan  un  aumento  de  la  productividad,  capacidad, eficiencia o un alargamiento de la vida \u00fatil de los bienes se capitalizan como mayor coste de los  correspondientes activos. ENCE sigue el criterio de traspasar la obra en curso al inmovilizado en explotaci\u00f3n  una vez finalizado el correspondiente periodo de prueba. Por su parte, los gastos de conservaci\u00f3n y mantenimiento incurridos durante el ejercicio se cargan al Estado de Resultado consolidado. Las sustituciones de elementos del inmovilizado material susceptibles de capitalizaci\u00f3n suponen la baja del valor  contable  de  los  elementos  sustituidos.  En  aquellos  casos  en  los  que  el  coste  de  los  elementos sustituidos no haya sido amortizado de forma independiente y no fuese practicable determinar el valor contable de los mismos, se utiliza el coste de la sustituci\u00f3n como indicativo del coste de los elementos en el momento de su adquisici\u00f3n o construcci\u00f3n. Por su parte, el beneficio o la p\u00e9rdida que se produce en la enajenaci\u00f3n de los elementos sustituidos se determina por diferencia entre el importe percibido por la venta y el valor en libros del activo enajenado. Amortizaciones y deterioros Durante el ejercicio 2023 y 2022 el Grupo amortiza su inmovilizado material siguiendo el m\u00e9todo lineal, distribuyendo el coste de los activos entre los a\u00f1os de vida \u00fatil estimada, de acuerdo con el siguiente detalle: El Grupo revisa peri\u00f3dicamente el valor residual, la vida \u00fatil y el m\u00e9todo de amortizaci\u00f3n del inmovilizado material. Las modificaciones en los criterios inicialmente establecidos se reconocen como un cambio de estimaci\u00f3n. Los  terrenos  se  registran  de  forma  independiente  de  los  edificios  o  instalaciones  que  puedan  estar asentadas sobre los mismos y se entiende que tienen una vida \u00fatil indefinida y, por tanto, no son objeto de amortizaci\u00f3n. Con  car\u00e1cter  general,  las  inversiones  en  edificaciones  construidas  en  terrenos  cedidos  en  r\u00e9gimen concesional se registran en la cuenta \u201cConstrucciones\u201d. Dicho coste, junto con el del resto de instalaciones fijas ubicadas en los terrenos concesionados se amortiza en funci\u00f3n de su vida \u00fatil, estableci\u00e9ndose como l\u00edmite el periodo restante de vigencia de la concesi\u00f3n. Porcentaje A\u00f1os de Vida Amortizaci\u00f3n \u00datil Estimada Construcciones 2%-3% 33-50 Instalaciones t\u00e9cnicas Plantas de generaci\u00f3n con biomasa 4% 25 Otras instalaciones 5%-8,3%  12-20 Maquinaria 5%-12,5% 8-20 Utillaje y mobiliario 8,3%-12,5% 8-12 Equipos procesos de informaci\u00f3n 20% 5 Elementos transporte 10% 10 Otro inmovilizado material 10% 10 A\u00f1o 2023 En ENCE Renovables, la regulaci\u00f3n establece una vida regulatoria para los activos operativos que depende  de la tecnolog\u00eda, siendo la actualmente establecida de 25 a\u00f1os para las instalaciones de biomasa. La vida  regulatoria es el periodo durante la cual la instalaci\u00f3n va a tener derecho a pertenecer al r\u00e9gimen retributivo  establecido  en  la  normativa  energ\u00e9tica  y,  por  tanto, a obtener los  beneficios  econ\u00f3micos  que  apliquen  (retribuciones a la inversi\u00f3n o a la operaci\u00f3n mediante el mecanismo de retribuci\u00f3n m\u00ednima establecida en  el mismo). En este sentido, los activos vinculados a estas instalaciones se amortizan considerando su vida  \u00fatil con el l\u00edmite de la vida \u00fatil regulatoria, salvo que se espere obtener flujos econ\u00f3micos positivos m\u00e1s all\u00e1  de su vida regulatoria.  Las sociedades del Grupo eval\u00faan peri\u00f3dicamente, y al menos al cierre de cada ejercicio, si existen indicios  de deterioro de alg\u00fan activo o conjunto de activos del inmovilizado con objeto de proceder en su caso, tal  como se indica en el apartado 3.5 de la presente nota, al deterioro o reversi\u00f3n del mismo para ajustar su  valor neto contable a su valor recuperable,  sin  superar en ning\u00fan  caso  las  reversiones a los deterioros  previos  realizados.  Los  deterioros  de  valor  se  reconocen,  con  cargo  al  ep\u00edgrafe  \u201cDeterioros  de  valor  y  resultados por enajenaci\u00f3n de inmovilizado\u201d. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-595": {
   "value": "Los<span class=\"__1 _6\"></span> intereses devengados<span class=\"__1 _6\"></span> durante el period<span class=\"__1 _6\"></span>o de cons<span class=\"__1 _6\"></span>trucci\u00f3n, s<span class=\"__1 _6\"></span>iempre que este per\u00edod<span class=\"__1 _6\"></span>o sea s<span class=\"__1 _6\"></span>uperior a 1 <span class=\"__1 _c8\"></span>a\u00f1o, <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c8\"> </span>relativos <span class=\"__1 _c8\"> </span>a <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c8\"> </span>financiaci\u00f3n <span class=\"__1 _c8\"> </span>atribuible <span class=\"__1 _c8\"> </span>al <span class=\"__1 _c6\"> </span>activo <span class=\"__1 _c8\"></span>productivo. <span class=\"__1 _c8\"> </span>La <span class=\"__1 _c8\"> </span>tasa <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>in<span class=\"__1 _6\"></span>ter\u00e9s <span class=\"__1 _4\"></span>u<span class=\"__1 _6\"></span>tilizada <span class=\"__1 _c8\"> </span>es <span class=\"__1 _c8\"> </span>la correspondiente <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>finan<span class=\"__1 _6\"></span>ciaci\u00f3n <span class=\"__1 _4\"></span>espec\u00edfica <span class=\"__1 _8\"></span>o, <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>n<span class=\"__1 _6\"></span>o <span class=\"__1 _4\"></span>existir, <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>tasa <span class=\"__1 _4\"></span>media <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>financiaci\u00f3n <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>Grupo (v\u00e9ase Nota 28). Los in<span class=\"__1 _6\"></span>gresos por <span class=\"__1 _6\"></span>intereses se <span class=\"__1 _6\"></span>reconocen siguiendo <span class=\"__1 _6\"></span>un <span class=\"__1 _6\"></span>criterio financiero, <span class=\"__1 _6\"></span>en fun<span class=\"__1 _6\"></span>ci\u00f3n del <span class=\"__1 _8\"></span>principal p<span class=\"__1 _6\"></span>endiente<span class=\"__1 _1bc\"> </span> de pago, el plazo h<span class=\"__1 _6\"></span>asta el vencimiento, y<span class=\"__1 _6\"></span> el tipo de inter\u00e9s efectivo<span class=\"__1 _6\"></span> aplicable.<span class=\"__1 _6\"></span>  ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInterestIncomeAndExpenseExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-9": {
   "value": "Los<span class=\"__1 _6\"></span> intereses devengados<span class=\"__1 _6\"></span> durante el period<span class=\"__1 _6\"></span>o de cons<span class=\"__1 _6\"></span>trucci\u00f3n, s<span class=\"__1 _6\"></span>iempre que este per\u00edod<span class=\"__1 _6\"></span>o sea s<span class=\"__1 _6\"></span>uperior a 1 <span class=\"__1 _c8\"></span>a\u00f1o, <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c8\"> </span>relativos <span class=\"__1 _c8\"> </span>a <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c8\"> </span>financiaci\u00f3n <span class=\"__1 _c8\"> </span>atribuible <span class=\"__1 _c8\"> </span>al <span class=\"__1 _c6\"> </span>activo <span class=\"__1 _c8\"></span>productivo. <span class=\"__1 _c8\"> </span>La <span class=\"__1 _c8\"> </span>tasa <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>in<span class=\"__1 _6\"></span>ter\u00e9s <span class=\"__1 _4\"></span>u<span class=\"__1 _6\"></span>tilizada <span class=\"__1 _c8\"> </span>es <span class=\"__1 _c8\"> </span>la correspondiente <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>finan<span class=\"__1 _6\"></span>ciaci\u00f3n <span class=\"__1 _4\"></span>espec\u00edfica <span class=\"__1 _8\"></span>o, <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>n<span class=\"__1 _6\"></span>o <span class=\"__1 _4\"></span>existir, <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>tasa <span class=\"__1 _4\"></span>media <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>financiaci\u00f3n <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>Grupo (v\u00e9ase Nota 28). Obligaciones, bo<span class=\"__1 _6\"></span>nos y deudas con e<span class=\"__1 _6\"></span>ntidades de cr\u00e9dito<span class=\"__1 _8\"></span>- Los p<span class=\"__1 _6\"></span>r\u00e9stamos, <span class=\"__1 _6\"></span>obligaciones <span class=\"__1 _6\"></span>y similares <span class=\"__1 _6\"></span>se r<span class=\"__1 _6\"></span>egistran <span class=\"__1 _6\"></span>inicialmente a <span class=\"__1 _6\"></span>valor <span class=\"__1 _6\"></span>razonab<span class=\"__1 _6\"></span>le, valor <span class=\"__1 _6\"></span>que n<span class=\"__1 _6\"></span>ormalmente coincide con el efectiv<span class=\"__1 _6\"></span>o recibido, n<span class=\"__1 _6\"></span>eto de los costes<span class=\"__1 _6\"></span> incurridos en la tran<span class=\"__1 _6\"></span>sacci\u00f3n. En periodos<span class=\"__1 _6\"></span> posteriores, la totalidad de estas d<span class=\"__1 _6\"></span>eudas se valora a su coste amortizad<span class=\"__1 _6\"></span>o, utilizando el m\u00e9todo del tipo de inter\u00e9s efectivo. Los gastos finan<span class=\"__1 _6\"></span>cieros as\u00ed como los<span class=\"__1 _6\"></span> costes de estructuraci\u00f3n, s<span class=\"__1 _6\"></span>e registran seg\u00fan el criterio del devengo en el Estado de Resultad<span class=\"__1 _6\"></span>o consolidado utiliza<span class=\"__1 _6\"></span>ndo el m\u00e9todo del inter\u00e9s efe<span class=\"__1 _6\"></span>ctivo. <span class=\"__1 _6\"></span> 3.15<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Reconocimiento de ingreso<span class=\"__1 _5\"></span>s y gastos<span class=\"__1 _1bc\"> </span></span></span><span class=\"ff5\"><span class=\"ff3_1 fc3\"> </span></span>Los <span class=\"__1 _4\"></span>gastos<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>reconocen <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>Estado<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>Resultado <span class=\"__1 _4\"></span>consolidad<span class=\"__1 _6\"></span>o <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>acuerdo <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>u <span class=\"__1 _4\"></span>devengo. <span class=\"__1 _4\"></span>Asimismo, <span class=\"__1 _4\"></span>se<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> reconoce un gasto d<span class=\"__1 _6\"></span>e forma inmediata cuan<span class=\"__1 _6\"></span>do no s<span class=\"__1 _6\"></span>e prev\u00e9 que genere beneficios econ\u00f3<span class=\"__1 _6\"></span>micos futuros.<span class=\"__1 _1bc\"> </span><span class=\"__1 _8\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingCostsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-585": {
   "value": "Los<span class=\"__1 _6\"></span> intereses devengados<span class=\"__1 _6\"></span> durante el period<span class=\"__1 _6\"></span>o de cons<span class=\"__1 _6\"></span>trucci\u00f3n, s<span class=\"__1 _6\"></span>iempre que este per\u00edod<span class=\"__1 _6\"></span>o sea s<span class=\"__1 _6\"></span>uperior a 1 <span class=\"__1 _c8\"></span>a\u00f1o, <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c8\"> </span>relativos <span class=\"__1 _c8\"> </span>a <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c8\"> </span>financiaci\u00f3n <span class=\"__1 _c8\"> </span>atribuible <span class=\"__1 _c8\"> </span>al <span class=\"__1 _c6\"> </span>activo <span class=\"__1 _c8\"></span>productivo. <span class=\"__1 _c8\"> </span>La <span class=\"__1 _c8\"> </span>tasa <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>in<span class=\"__1 _6\"></span>ter\u00e9s <span class=\"__1 _4\"></span>u<span class=\"__1 _6\"></span>tilizada <span class=\"__1 _c8\"> </span>es <span class=\"__1 _c8\"> </span>la correspondiente <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>finan<span class=\"__1 _6\"></span>ciaci\u00f3n <span class=\"__1 _4\"></span>espec\u00edfica <span class=\"__1 _8\"></span>o, <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>n<span class=\"__1 _6\"></span>o <span class=\"__1 _4\"></span>existir, <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>tasa <span class=\"__1 _4\"></span>media <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>financiaci\u00f3n <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>Grupo (v\u00e9ase Nota 28). 3.8<span class=\"ff5\"> <span class=\"__1 _cc\"> </span></span><span class=\"fc3\">Instrumentos finan<span class=\"__1 _5\"></span>cieros derivado<span class=\"__1 _5\"></span>s y operaciones de <span class=\"__1 _5\"></span>cobertura </span>Las actividades del Grupo lo <span class=\"__1 _5\"></span>exponen principalmente a riesgos financieros y <span class=\"__1 _5\"></span>de mercado de<span class=\"__1 _5\"></span>rivados de; 1) las variaciones de los tipos de ca<span class=\"__1 _5\"></span>mbio d\u00f3lar/euro que afectan principalmente a sus ventas de <span class=\"__1 _5\"></span>celulosa al cotizar el <span class=\"__1 _6\"></span>precio <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>pasta <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>papel <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>mercado <span class=\"__1 _6\"></span>internacional <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>d\u00f3lares, <span class=\"__1 _8\"></span>2) <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>propias <span class=\"__1 _8\"></span>variaciones <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>tip<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>de cambio por <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>ventas <span class=\"__1 _6\"></span>en div<span class=\"__1 _6\"></span>isa, 3) <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>variaciones <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el pr<span class=\"__1 _6\"></span>ecio d<span class=\"__1 _6\"></span>e la c<span class=\"__1 _6\"></span>elulo<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>a, d<span class=\"__1 _6\"></span>el fuel<span class=\"__1 _6\"></span>-oil, <span class=\"__1 _6\"></span>el gas <span class=\"__1 _6\"></span>y la <span class=\"__1 _6\"></span>energ\u00eda<span class=\"__1 _6\"></span> el\u00e9ctrica, <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>4) <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>evoluci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>tipos <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>in<span class=\"__1 _6\"></span>ter\u00e9s. <span class=\"__1 _4\"></span>Para <span class=\"__1 _4\"></span>cubrir <span class=\"__1 _4\"></span>estas <span class=\"__1 _4\"></span>exposiciones <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>Gru<span class=\"__1 _6\"></span>po <span class=\"__1 _4\"></span>puede <span class=\"__1 _4\"></span>utilizar<span class=\"__1 _1bc\"> </span> instrumentos <span class=\"__1 _4\"></span>financieros <span class=\"__1 _4\"></span>derivados<span class=\"__1 _6\"></span>. <span class=\"__1 _4\"></span>No <span class=\"__1 _8\"></span>es <span class=\"__1 _4\"></span>pol\u00edtica <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>ENCE <span class=\"__1 _8\"></span>con<span class=\"__1 _6\"></span>tratar <span class=\"__1 _4\"></span>instrumentos <span class=\"__1 _4\"></span>financieros <span class=\"__1 _4\"></span>derivados<span class=\"__1 _1bc\"> </span>con fines especulativo<span class=\"__1 _6\"></span>s.<span class=\"__1 _1bc\"> </span>Estos <span class=\"__1 _cb\"> </span>instrumentos <span class=\"__1 _cb\"> </span>financieros <span class=\"__1 _cb\"> </span>se  v<span class=\"__1 _6\"></span>aloran <span class=\"__1 _cb\"> </span>en  to<span class=\"__1 _6\"></span>do <span class=\"__1 _cb\"> </span>momento <span class=\"__1 _cb\"> </span>a  su <span class=\"__1 _cb\"> </span>valor <span class=\"__1 _cb\"> </span>razonable, <span class=\"__1 _cb\"> </span>registr\u00e1ndose <span class=\"__1 _cb\"> </span>las<span class=\"__1 _1bc\"> </span>variaciones <span class=\"__1 _5\"></span>en <span class=\"__1 _70\"></span>el <span class=\"__1 _70\"></span>ep\u00edgraf<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>\u201cIns<span class=\"__1 _6\"></span>trumentos <span class=\"__1 _5\"></span>financieros <span class=\"__1 _70\"></span>derivad<span class=\"__1 _6\"></span>os\u201d <span class=\"__1 _5\"></span>del <span class=\"__1 _70\"></span>pas<span class=\"__1 _6\"></span>ivo <span class=\"__1 _70\"></span>del <span class=\"__1 _70\"></span>Es<span class=\"__1 _6\"></span>tado <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>Situaci\u00f3n <span class=\"__1 _5\"></span>Financiera<span class=\"__1 _1bc\"> </span>consolidado s<span class=\"__1 _6\"></span>i son negativas<span class=\"__1 _6\"></span><span class=\"ff6\">, y como \u201cActivos finan<span class=\"__1 _6\"></span>cieros \u2013</span> <span class=\"ff6\">Derivado<span class=\"__1 _6\"></span>s de cobertura\u201d s<span class=\"__1 _6\"></span>i son positiv<span class=\"__1 _6\"></span>as. </span>Los <span class=\"__1 _6\"></span>beneficios <span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>p\u00e9rdidas<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e dichas<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>fluctuaciones <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>registran <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>Estad<span class=\"__1 _6\"></span>o de <span class=\"__1 _6\"></span>Resultad<span class=\"__1 _6\"></span>o<span class=\"__1 _8\"></span> consolida<span class=\"__1 _6\"></span>do <span class=\"__1 _6\"></span>como<span class=\"__1 _1bc\"> </span>un re<span class=\"__1 _5\"></span>sultado financiero, <span class=\"__1 _70\"></span>salv<span class=\"__1 _6\"></span>o <span class=\"__1 _70\"></span>que e<span class=\"__1 _5\"></span>l <span class=\"__1 _5\"></span>derivado o <span class=\"__1 _70\"></span>una parte <span class=\"__1 _70\"></span>del <span class=\"__1 _5\"></span>mismo <span class=\"__1 _70\"></span>h<span class=\"__1 _6\"></span>aya sido <span class=\"__1 _70\"></span>designa<span class=\"__1 _6\"></span>do <span class=\"__1 _70\"></span>como instrumento<span class=\"__1 _1bc\"> </span>de cobertura y \u00e9sta<span class=\"__1 _6\"></span> sea altamente efectiva, en<span class=\"__1 _6\"></span> cuyo caso s<span class=\"__1 _6\"></span>u registro es el siguiente: 1.<span class=\"ls0_1\"> <span class=\"__1 _a8\"> </span>Coberturas de <span class=\"__1 _6\"></span>valor ra<span class=\"__1 _6\"></span>zonable: el <span class=\"__1 _6\"></span>elemento cubierto <span class=\"__1 _6\"></span>se <span class=\"__1 _8\"></span>valora <span class=\"__1 _6\"></span>por <span class=\"__1 _6\"></span>su valor <span class=\"__1 _6\"></span>razonab<span class=\"__1 _6\"></span>le al igual <span class=\"__1 _6\"></span>que el<span class=\"__1 _1bc\"> </span></span>instrumento <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>cobertura<span class=\"__1 _6\"></span>, <span class=\"__1 _70\"></span>registr\u00e1nd<span class=\"__1 _6\"></span>ose <span class=\"__1 _70\"></span>las <span class=\"__1 _5\"></span>variaciones <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>valor <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>ambos <span class=\"__1 _70\"></span>en e<span class=\"__1 _5\"></span>l <span class=\"__1 _70\"></span>Estado <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>Resultado<span class=\"__1 _1bc\"> </span>consolidado<span class=\"__1 _6\"></span><span class=\"ls17\">. </span>2.<span class=\"ls0_1\"> <span class=\"__1 _a8\"> </span>Coberturas de <span class=\"__1 _70\"></span>flujos<span class=\"__1 _6\"></span> de <span class=\"__1 _70\"></span>efectivo: la <span class=\"__1 _5\"></span>parte ef<span class=\"__1 _5\"></span>icaz de <span class=\"__1 _70\"></span>los cambios en <span class=\"__1 _70\"></span>el valor <span class=\"__1 _5\"></span>razonable de <span class=\"__1 _5\"></span>los<span class=\"__1 _6\"></span> derivados<span class=\"__1 _1bc\"> </span></span>que se <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>esignan y <span class=\"__1 _70\"></span>califican como coberturas de <span class=\"__1 _70\"></span>flujos de ef<span class=\"__1 _5\"></span>ectivo se <span class=\"__1 _70\"></span>recon<span class=\"__1 _6\"></span>oce <span class=\"__1 _5\"></span>en el <span class=\"__1 _70\"></span>ep\u00edgrafe \u201cAjustes<span class=\"__1 _1bc\"> </span>en <span class=\"__1 _c6\"> </span>p<span class=\"__1 _6\"></span>atrimonio  por<span class=\"__1 _5\"></span> <span class=\"__1 _ca\"> </span>valoraci\u00f3n\u201d <span class=\"__1 _ca\"> </span>del  \u201cEstado <span class=\"__1 _c6\"> </span>de  Resultado <span class=\"__1 _c6\"> </span>Global  consolidado\u201d. <span class=\"__1 _c6\"> </span>La  ganancia <span class=\"__1 _c6\"> </span>o  la<span class=\"__1 _1bc\"> </span>p\u00e9rdida <span class=\"__1 _4\"></span>relacionada <span class=\"__1 _4\"></span>con <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>parte <span class=\"__1 _4\"></span>ineficaz <span class=\"__1 _8\"></span>se <span class=\"__1 _4\"></span>recon<span class=\"__1 _6\"></span>oce <span class=\"__1 _4\"></span>inmediatamente <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _4\"></span>Estado <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>Resu<span class=\"__1 _6\"></span>ltado<span class=\"__1 _1bc\"> </span>consolidado,<span class=\"__1 _6\"></span> <span class=\"ff6\">en el ep\u00edgrafe \u201cVariaci\u00f3n<span class=\"__1 _6\"></span> en valor razon<span class=\"__1 _6\"></span>able de instru<span class=\"__1 _6\"></span>mentos financieros\u201d<span class=\"__1 _6\"></span></span><span class=\"ls17\">. </span>Cuando <span class=\"__1 _ca\"> </span>los <span class=\"__1 _c6\"> </span>con<span class=\"__1 _6\"></span>tratos <span class=\"__1 _ca\"> </span>de <span class=\"__1 _c6\"> </span>opci\u00f3n <span class=\"__1 _c6\"> </span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _c6\"> </span>usan<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>para  cubrir <span class=\"__1 _c6\"> </span>transacciones <span class=\"__1 _c6\"> </span>p<span class=\"__1 _6\"></span>revistas,  e<span class=\"__1 _5\"></span>l <span class=\"__1 _c6\"> </span>grupo <span class=\"__1 _ca\"> </span>eval\u00faa <span class=\"__1 _c6\"> </span>s<span class=\"__1 _6\"></span>i <span class=\"__1 _c6\"> </span>dichas<span class=\"__1 _1bc\"> </span>transacciones  son <span class=\"__1 _c6\"> </span>al<span class=\"__1 _6\"></span>tamente <span class=\"__1 _c6\"> </span>p<span class=\"__1 _6\"></span>robables, <span class=\"__1 _ca\"> </span>y  e<span class=\"__1 _5\"></span>n <span class=\"__1 _ca\"> </span>ese <span class=\"__1 _c6\"> </span>caso  designa <span class=\"__1 _c6\"> </span>tanto<span class=\"__1 _6\"></span> <span class=\"__1 _ca\"> </span>el <span class=\"__1 _c6\"> </span>valo<span class=\"__1 _6\"></span>r <span class=\"__1 _c6\"> </span>intr\u00ednseco  como <span class=\"__1 _c6\"> </span>el <span class=\"__1 _ca\"> </span>valor<span class=\"__1 _1bc\"> </span>temporal del contrato d<span class=\"__1 _6\"></span>e opci\u00f3n como in<span class=\"__1 _6\"></span>strumento de cob<span class=\"__1 _6\"></span>ertura.<span class=\"__1 _6\"></span> Al <span class=\"__1 _6\"></span>inicio <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>cobertura, <span class=\"__1 _6\"></span>EN<span class=\"__1 _6\"></span>CE <span class=\"__1 _8\"></span>designa <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>documenta <span class=\"__1 _6\"></span>formalmente<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>las <span class=\"__1 _8\"></span>relaciones <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>cobertura, <span class=\"__1 _8\"></span>as\u00ed <span class=\"__1 _6\"></span>como <span class=\"__1 _8\"></span>el<span class=\"__1 _1bc\"> </span>objetivo y la <span class=\"__1 _70\"></span>estrategia que asume <span class=\"__1 _70\"></span>con respecto a <span class=\"__1 _5\"></span>las mismas. La <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>ocumentaci\u00f3n incluye <span class=\"__1 _5\"></span>la identificaci\u00f3n <span class=\"__1 _5\"></span>del<span class=\"__1 _1bc\"> </span>instrumento de cob<span class=\"__1 _6\"></span>ertura, la partida cubierta,<span class=\"__1 _6\"></span> la naturaleza del riesgo cubierto y la forma <span class=\"__1 _6\"></span>en la que se mide<span class=\"__1 _1bc\"> </span>la eficacia de la cobertu<span class=\"__1 _6\"></span>ra. Igualmente, al <span class=\"__1 _70\"></span>in<span class=\"__1 _6\"></span>icio de <span class=\"__1 _70\"></span>la cobertura y <span class=\"__1 _5\"></span>de f<span class=\"__1 _5\"></span>orma continua ENCE <span class=\"__1 _70\"></span>eval\u00fa<span class=\"__1 _6\"></span>a si <span class=\"__1 _70\"></span>la cobertura es <span class=\"__1 _70\"></span>efi<span class=\"__1 _6\"></span>caz. Dicha <span class=\"__1 _70\"></span>eficacia<span class=\"__1 _1bc\"> </span>se <span class=\"__1 _4\"></span>verifica <span class=\"__1 _4\"></span>a <span class=\"__1 _8\"></span>trav<span class=\"__1 _6\"></span>\u00e9s <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>\u201ctest <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>ficacia\u201d <span class=\"__1 _4\"></span>donde <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>chequea <span class=\"__1 _4\"></span>si <span class=\"__1 _4\"></span>es <span class=\"__1 _4\"></span>esperable <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>rospectiv<span class=\"__1 _6\"></span>amente <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>los<span class=\"__1 _1bc\"> </span>cambios en <span class=\"__1 _5\"></span>el <span class=\"__1 _5\"></span>valor razonable o <span class=\"__1 _70\"></span>en los flujos <span class=\"__1 _5\"></span>de efectivo <span class=\"__1 _5\"></span>de la <span class=\"__1 _5\"></span>partida cubierta (atribuibles al <span class=\"__1 _70\"></span>riesgo cubierto)<span class=\"__1 _1bc\"> </span>se compensen razonablemente con los correspondientes al instrumento de cobertura. El<span class=\"__1 _5\"></span> valor razonable de<span class=\"__1 _1bc\"> </span>los <span class=\"__1 _4\"></span>derivados <span class=\"__1 _4\"></span>incluye <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>ajuste <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>riesgo <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>cr<span class=\"__1 _6\"></span>\u00e9dito <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>forma <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>sus <span class=\"__1 _4\"></span>variaciones <span class=\"__1 _4\"></span>son <span class=\"__1 _4\"></span>c<span class=\"__1 _5\"></span>ons<span class=\"__1 _8\"></span>ideradas<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>la<span class=\"__1 _1bc\"> </span>medici\u00f3n de la eficacia.<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _4\"></span>Grupo <span class=\"__1 _8\"></span>realiza <span class=\"__1 _4\"></span>una <span class=\"__1 _4\"></span>evaluaci\u00f3n <span class=\"__1 _8\"></span>cualitat<span class=\"__1 _6\"></span>iva <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>eficacia, <span class=\"__1 _8\"></span>siempre <span class=\"__1 _4\"></span>que <span class=\"__1 _8\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>condiciones <span class=\"__1 _8\"></span>fun<span class=\"__1 _6\"></span>damentales <span class=\"__1 _4\"></span>del<span class=\"__1 _1bc\"> </span>instrumento <span class=\"__1 _8\"></span>y d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>par<span class=\"__1 _6\"></span>tida <span class=\"__1 _6\"></span>cubierta <span class=\"__1 _6\"></span>coincidan. <span class=\"__1 _8\"></span>Cuando <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>con<span class=\"__1 _6\"></span>diciones <span class=\"__1 _6\"></span>fun<span class=\"__1 _6\"></span>damentales <span class=\"__1 _6\"></span>no <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>on <span class=\"__1 _6\"></span>plenamente<span class=\"__1 _1bc\"> </span>coincidentes, <span class=\"__1 _ca\"> </span>el <span class=\"__1 _c6\"> </span>Grupo<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>utiliza  un <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>erivado <span class=\"__1 _c6\"> </span>h<span class=\"__1 _6\"></span>ipot\u00e9tico <span class=\"__1 _c6\"> </span>con<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>condiciones<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>fundamentales  equivalentes <span class=\"__1 _c6\"> </span>a <span class=\"__1 _c6\"> </span>la<span class=\"__1 _1bc\"> </span>partida cubierta p<span class=\"__1 _6\"></span>ara evaluar y medir la inefica<span class=\"__1 _6\"></span>cia.<span class=\"__1 _1bc\"> </span>ENCE <span class=\"__1 _6\"></span>interrumpe <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>relaci\u00f3n <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e cob<span class=\"__1 _6\"></span>ertura <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>forma <span class=\"__1 _6\"></span>prosp<span class=\"__1 _6\"></span>ectiva <span class=\"__1 _6\"></span>s\u00f3lo <span class=\"__1 _6\"></span>cuand<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>toda <span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>parte <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>relaci\u00f3n <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span>cobertura <span class=\"__1 _6\"></span>deja <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>cu<span class=\"__1 _6\"></span>mplir los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>requisito<span class=\"__1 _6\"></span>s <span class=\"__1 _6\"></span>cualificados. <span class=\"__1 _6\"></span>Es<span class=\"__1 _6\"></span>to <span class=\"__1 _6\"></span>incluye las<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>situaciones <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>instrumento<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _70\"></span>cobertura expira, <span class=\"__1 _70\"></span>es <span class=\"__1 _70\"></span>vendid<span class=\"__1 _6\"></span>o, <span class=\"__1 _70\"></span>o <span class=\"__1 _5\"></span>ejercido, e<span class=\"__1 _5\"></span>l <span class=\"__1 _70\"></span>objetivo<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>gesti\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>del <span class=\"__1 _5\"></span>riesgo <span class=\"__1 _70\"></span>ha cambiado, <span class=\"__1 _70\"></span>el <span class=\"__1 _70\"></span>efecto <span class=\"__1 _5\"></span>del <span class=\"__1 _70\"></span>riesgo<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _6\"></span>cr\u00e9dito <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>omina <span class=\"__1 _8\"></span>los <span class=\"__1 _6\"></span>cambio<span class=\"__1 _6\"></span>s <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>valor,<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>instru<span class=\"__1 _6\"></span>mento <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>cobertura <span class=\"__1 _8\"></span>llega <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>encimiento <span class=\"__1 _8\"></span>o <span class=\"__1 _6\"></span>es <span class=\"__1 _8\"></span>liquidado, <span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>deja <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>existir <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>subyacent<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>cubierto. <span class=\"__1 _4\"></span>A <span class=\"__1 _8\"></span>estos<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>fectos, <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>ustituci\u00f3n <span class=\"__1 _4\"></span>o <span class=\"__1 _4\"></span>renovaci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>un <span class=\"__1 _8\"></span>ins<span class=\"__1 _6\"></span>trumento <span class=\"__1 _4\"></span>de<span class=\"__1 _1bc\"> </span>cobertura <span class=\"__1 _c8\"></span>no <span class=\"__1 _c8\"></span>es <span class=\"__1 _4\"></span>una <span class=\"__1 _c8\"> </span>expiraci\u00f3n <span class=\"__1 _c8\"> </span>o <span class=\"__1 _c8\"></span>finalizaci\u00f3n, <span class=\"__1 _c8\"></span>siempre <span class=\"__1 _4\"></span>que <span class=\"__1 _c8\"></span>la <span class=\"__1 _c8\"></span>operaci\u00f3n <span class=\"__1 _c8\"></span>sea <span class=\"__1 _4\"></span>cons<span class=\"__1 _8\"></span>istente <span class=\"__1 _c8\"></span>con <span class=\"__1 _c8\"></span>el <span class=\"__1 _4\"></span>objetivo<span class=\"__1 _1bc\"> </span>documentado de gesti\u00f3n<span class=\"__1 _6\"></span> de riesgo del Grupo.<span class=\"__1 _1bc\"> </span>En <span class=\"__1 _c6\"> </span>las <span class=\"__1 _c8\"> </span>cob<span class=\"__1 _6\"></span>erturas <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c8\"> </span>los<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>flujos <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>efectivo, <span class=\"__1 _c6\"> </span>tras <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c8\"> </span>interrup<span class=\"__1 _6\"></span>ci\u00f3n <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c6\"> </span>relaci\u00f3n <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"> </span>cob<span class=\"__1 _6\"></span>ertura, <span class=\"__1 _c6\"> </span>el <span class=\"__1 _c8\"> </span>importe<span class=\"__1 _1bc\"> </span>acumulado <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>Otro <span class=\"__1 _6\"></span>Resultad<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>Global <span class=\"__1 _6\"></span>no <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>reconoce <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>res<span class=\"__1 _6\"></span>ultados <span class=\"__1 _6\"></span>h<span class=\"__1 _6\"></span>asta q<span class=\"__1 _6\"></span>ue <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>transacci\u00f3n<span class=\"__1 _6\"></span> p<span class=\"__1 _6\"></span>revista <span class=\"__1 _6\"></span>tenga<span class=\"__1 _1bc\"> </span>lugar. As\u00ed <span class=\"__1 _6\"></span>mismo, los<span class=\"__1 _6\"></span> importes <span class=\"__1 _6\"></span>acumulados<span class=\"__1 _6\"></span> en <span class=\"__1 _6\"></span>Otro Resu<span class=\"__1 _6\"></span>ltado Global <span class=\"__1 _6\"></span>se reclasifican <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>ingresos <span class=\"__1 _6\"></span>o gas<span class=\"__1 _6\"></span>tos<span class=\"__1 _1bc\"> </span>financieros cuand<span class=\"__1 _6\"></span>o el Grupo no espera q<span class=\"__1 _6\"></span>ue la transacci\u00f3n<span class=\"__1 _6\"></span> prevista vaya a pro<span class=\"__1 _6\"></span>ducirse.<span class=\"__1 _1bc\"> </span>Los <span class=\"__1 _c8\"></span>derivados <span class=\"__1 _c8\"></span>impl\u00edcitos <span class=\"__1 _c8\"></span>en <span class=\"__1 _4\"></span>otros <span class=\"__1 _c8\"> </span>inst<span class=\"__1 _6\"></span>rumentos <span class=\"__1 _c8\"></span>financieros <span class=\"__1 _c8\"></span>son <span class=\"__1 _4\"></span>con<span class=\"__1 _6\"></span>tabilizados <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>eparadamente <span class=\"__1 _4\"></span>cuan<span class=\"__1 _6\"></span>do <span class=\"__1 _c8\"></span>el<span class=\"__1 _1bc\"> </span>Grupo <span class=\"__1 _5\"></span>considera que <span class=\"__1 _70\"></span>sus <span class=\"__1 _5\"></span>caracter\u00edsticas <span class=\"__1 _5\"></span>y <span class=\"__1 _5\"></span>riesgos <span class=\"__1 _5\"></span>no <span class=\"__1 _70\"></span>est\u00e1n es<span class=\"__1 _5\"></span>trechamente relacionados <span class=\"__1 _70\"></span>con<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>los <span class=\"__1 _70\"></span>ins<span class=\"__1 _6\"></span>trumentos<span class=\"__1 _1bc\"> </span>financieros <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>los <span class=\"__1 _8\"></span>que <span class=\"__1 _4\"></span>se <span class=\"__1 _8\"></span>encuentran <span class=\"__1 _4\"></span>impl\u00edcitos, <span class=\"__1 _8\"></span>siempre <span class=\"__1 _8\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>in<span class=\"__1 _6\"></span>strumento <span class=\"__1 _8\"></span>f<span class=\"__1 _6\"></span>inancier<span class=\"__1 _8\"></span>o <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>cuesti\u00f3n <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>su<span class=\"__1 _1bc\"> </span>conjunto no <span class=\"__1 _70\"></span>est\u00e9 siendo <span class=\"__1 _70\"></span>con<span class=\"__1 _6\"></span>tabilizado <span class=\"__1 _5\"></span>a <span class=\"__1 _5\"></span>valor razonable <span class=\"__1 _70\"></span>con cambios <span class=\"__1 _70\"></span>en resultados. <span class=\"__1 _5\"></span>ENCE <span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>o <span class=\"__1 _5\"></span>tiene <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>erivados<span class=\"__1 _1bc\"> </span>impl\u00edcitos que sean o<span class=\"__1 _6\"></span>bjeto de contab<span class=\"__1 _6\"></span>ilidad separad<span class=\"__1 _6\"></span>a.<span class=\"__1 _1bc\"> </span>Valor razonable de los<span class=\"__1 _6\"></span> instrumento<span class=\"__1 _6\"></span>s financieros derivados<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _4\"></span>valor <span class=\"__1 _8\"></span>razon<span class=\"__1 _6\"></span>able <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>distintos <span class=\"__1 _8\"></span>instrumentos<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>f<span class=\"__1 _5\"></span>inancieros <span class=\"__1 _4\"></span>se <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>etermina <span class=\"__1 _8\"></span>utiliza<span class=\"__1 _6\"></span>ndo <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>siguiente <span class=\"__1 _4\"></span>jerarqu\u00eda<span class=\"__1 _1bc\"> </span>establecida en NIIF 13:<span class=\"__1 _1bc\"> </span>\u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4 fc0_1\">Nivel 1: p<span class=\"__1 _6\"></span>or observaci\u00f3n d<span class=\"__1 _6\"></span>irecta de la cotizaci\u00f3n en mercad<span class=\"__1 _6\"></span>os activ<span class=\"__1 _6\"></span>os, de activos y pas<span class=\"__1 _6\"></span>ivos id\u00e9nticos. </span></span>\u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4 fc0_1\">Nivel <span class=\"__1 _6\"></span>2: <span class=\"__1 _6\"></span>empleando <span class=\"__1 _6\"></span>inpu<span class=\"__1 _6\"></span>ts <span class=\"__1 _6\"></span>disponibles <span class=\"__1 _8\"></span>en mercados<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>activos, <span class=\"__1 _6\"></span>diferentes <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>precios <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>cotizaci\u00f3n, <span class=\"__1 _6\"></span>que<span class=\"__1 _1bc\"> </span></span></span>son aplicables<span class=\"__1 _6\"></span> a los activos y pasivo<span class=\"__1 _6\"></span>s, tanto directa como indirectamente.<span class=\"__1 _1bc\"> </span>\u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4 fc0_1\">Nivel <span class=\"__1 _4\"></span>3: <span class=\"__1 _4\"></span>utilizando <span class=\"__1 _4\"></span>t\u00e9cnicas <span class=\"__1 _4\"></span>de<span class=\"__1 _5\"></span> <span class=\"__1 _4\"></span>valoraci\u00f3n <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>incluyen <span class=\"__1 _4\"></span>inp<span class=\"__1 _5\"></span>uts <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>no <span class=\"__1 _4\"></span>est\u00e1n <span class=\"__1 _8\"></span>dispon<span class=\"__1 _6\"></span>ibles <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>n <span class=\"__1 _4\"></span>mercados<span class=\"__1 _1bc\"> </span></span></span>activos.<span class=\"__1 _1bc\"> </span>La <span class=\"__1 _8\"></span>determinaci\u00f3n <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>valor <span class=\"__1 _4\"></span>ra<span class=\"__1 _5\"></span>zonable <span class=\"__1 _8\"></span>para <span class=\"__1 _8\"></span>cada <span class=\"__1 _8\"></span>uno <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>principales <span class=\"__1 _8\"></span>instru<span class=\"__1 _6\"></span>mentos <span class=\"__1 _8\"></span>financieros <span class=\"__1 _8\"></span>derivados<span class=\"__1 _1bc\"> </span>se lleva a cabo con el asesoramiento de expertos en<span class=\"__1 _6\"></span> este tipo de instrumentos finan<span class=\"__1 _6\"></span>cieros, <span class=\"__1 _6\"></span>a partir de datos<span class=\"__1 _1bc\"> </span>facilitados por agencias<span class=\"__1 _6\"></span> de informaci\u00f3n o d<span class=\"__1 _6\"></span>atos d<span class=\"__1 _6\"></span>e organismos oficiales<span class=\"__1 _6\"></span>, del siguiente <span class=\"__1 _6\"></span>modo:<span class=\"__1 _1bc\"> </span>\u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4 fc0_1\">El <span class=\"__1 _6\"></span>valo<span class=\"__1 _6\"></span>r <span class=\"__1 _6\"></span>razonable <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>per<span class=\"__1 _6\"></span>mutas <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>tipo <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>inter\u00e9s<span class=\"__1 _6\"></span> es<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>calculado <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>l v<span class=\"__1 _6\"></span>alor <span class=\"__1 _6\"></span>actualiza<span class=\"__1 _6\"></span>do <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>tipos <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span></span></span>inter\u00e9s de mercado del diferencial de tipos del <span class=\"__1 _5\"></span>contrato de permuta. Dicha actualizaci\u00f3n se lleva a cabo<span class=\"__1 _1bc\"> </span>a p<span class=\"ls0_1\">artir de las curv<span class=\"__1 _6\"></span>as de tipos swap a largo plaz<span class=\"__1 _6\"></span>o.<span class=\"__1 _1bc\"> </span></span>\u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4 fc0_1\">En<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>el <span class=\"__1 _c6\"> </span>cas<span class=\"__1 _6\"></span>o <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>los <span class=\"__1 _ca\"> </span>contratos <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>tip<span class=\"__1 _6\"></span>o <span class=\"__1 _c6\"> </span>de <span class=\"__1 _ca\"> </span>cambio <span class=\"__1 _c6\"> </span>a <span class=\"__1 _c6\"> </span>futu<span class=\"__1 _6\"></span>ro, <span class=\"__1 _c6\"> </span>su <span class=\"__1 _c6\"> </span>valo<span class=\"__1 _6\"></span>raci\u00f3n <span class=\"__1 _c6\"> </span>se <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>etermina <span class=\"__1 _c6\"> </span>utilizand<span class=\"__1 _6\"></span>o <span class=\"__1 _c6\"> </span>las<span class=\"__1 _1bc\"> </span></span></span>cotizaciones <span class=\"__1 _c6\"> </span>del <span class=\"__1 _c8\"> </span>conta<span class=\"__1 _6\"></span>do <span class=\"__1 _c8\"> </span>del <span class=\"__1 _c8\"> </span>tip<span class=\"__1 _6\"></span>o <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"> </span>cambio <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c6\"> </span>las <span class=\"__1 _c6\"> </span>curvas <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>tipos <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>inter\u00e9s <span class=\"__1 _c6\"> </span>a <span class=\"__1 _c8\"> </span>plazo <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>las <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>ivisas<span class=\"__1 _1bc\"> </span>implicadas, as<span class=\"__1 _6\"></span>\u00ed como el empleo de la v<span class=\"__1 _6\"></span>olatilidad impl\u00edcita h<span class=\"__1 _6\"></span>asta el vencimient<span class=\"__1 _6\"></span>o en el cas<span class=\"__1 _6\"></span>o de opcion<span class=\"__1 _6\"></span>es<span class=\"ls17\">. </span>\u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4 fc0_1\">El  valor <span class=\"__1 _c6\"> </span>razonable <span class=\"__1 _ca\"> </span>de <span class=\"__1 _c6\"> </span>los  contratos <span class=\"__1 _c6\"> </span>de  compraventa <span class=\"__1 _c6\"> </span>de <span class=\"__1 _ca\"> </span>elementos <span class=\"__1 _c6\"> </span>n<span class=\"__1 _6\"></span>o <span class=\"__1 _c6\"> </span>financi<span class=\"__1 _6\"></span>eros <span class=\"__1 _c6\"> </span>a  los <span class=\"__1 _c6\"> </span>que <span class=\"__1 _ca\"> </span>es <span class=\"__1 _c6\"> </span>de<span class=\"__1 _1bc\"> </span></span></span>aplicaci\u00f3n la <span class=\"__1 _6\"></span>NIIF <span class=\"__1 _6\"></span>9 (pre<span class=\"__1 _6\"></span>cio de <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>celulosa <span class=\"__1 _6\"></span>y precio <span class=\"__1 _6\"></span>de la <span class=\"__1 _6\"></span>ener<span class=\"__1 _6\"></span>g\u00eda principa<span class=\"__1 _6\"></span>lmente) se <span class=\"__1 _6\"></span>calcula <span class=\"__1 _6\"></span>a p<span class=\"__1 _6\"></span>artir de <span class=\"__1 _6\"></span>la<span class=\"__1 _1bc\"> </span>mejor <span class=\"__1 _6\"></span>estima<span class=\"__1 _6\"></span>ci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>cu<span class=\"__1 _6\"></span>rvas <span class=\"__1 _8\"></span>futuras <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>precios <span class=\"__1 _8\"></span>de<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>dichos <span class=\"__1 _6\"></span>elementos <span class=\"__1 _8\"></span>no <span class=\"__1 _8\"></span>financieros, <span class=\"__1 _8\"></span>existente <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>la<span class=\"__1 _1bc\"> </span>fecha de cierre, utilizando, en la medida de lo posible, los precios establecidos en los mercados<span class=\"__1 _6\"></span> a plazo.<span class=\"__1 _1bc\"> </span>En <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>utilizaci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>estos<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>modelos d<span class=\"__1 _6\"></span>e v<span class=\"__1 _6\"></span>aloraci\u00f3n <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>tienen <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>cuenta <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>riesgos<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>activo <span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>p<span class=\"__1 _8\"></span>asivo <span class=\"__1 _6\"></span>lleva<span class=\"__1 _1bc\"> </span>asociados, <span class=\"__1 _4\"></span>entre <span class=\"__1 _4\"></span>ellos <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>riesgo <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>cr\u00e9dito <span class=\"__1 _4\"></span>tanto <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>contraparte <span class=\"__1 _4\"></span>(Credit <span class=\"__1 _4\"></span>Valu<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>Adjustment) <span class=\"__1 _4\"></span>como <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>la<span class=\"__1 _1bc\"> </span>propia <span class=\"__1 _c8\"></span>entidad <span class=\"__1 _4\"></span>(Debit <span class=\"__1 _c8\"></span>Value <span class=\"__1 _4\"></span>Ad<span class=\"__1 _6\"></span>justment). <span class=\"__1 _c8\"></span>El <span class=\"__1 _4\"></span>riesgo <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>cr\u00e9d<span class=\"__1 _6\"></span>ito <span class=\"__1 _4\"></span>se <span class=\"__1 _c8\"></span>calcula <span class=\"__1 _4\"></span>de <span class=\"__1 _c8\"></span>acuerdo <span class=\"__1 _4\"></span>c<span class=\"__1 _6\"></span>on <span class=\"__1 _4\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>par\u00e1metros<span class=\"__1 _1bc\"> </span>exposici\u00f3n, prob<span class=\"__1 _6\"></span>abilidad de incumpli<span class=\"__1 _6\"></span>miento y s<span class=\"__1 _6\"></span>everidad. Los <span class=\"__1 _8\"></span>valores <span class=\"__1 _8\"></span>obtenido<span class=\"__1 _6\"></span>s <span class=\"__1 _8\"></span>utilizando <span class=\"__1 _8\"></span>estas <span class=\"__1 _8\"></span>t\u00e9cnicas <span class=\"__1 _8\"></span>son <span class=\"__1 _8\"></span>contrastados<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>con <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>entidades <span class=\"__1 _8\"></span>financieras <span class=\"__1 _8\"></span>con <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>que<span class=\"__1 _1bc\"> </span>ENCE tiene contrata<span class=\"__1 _6\"></span>dos estos instrumentos<span class=\"__1 _6\"></span> financieros.<span class=\"__1 _1bc\"> </span>Las  valoraciones  a  valor  razonable  realizadas  sobre  los  diferentes  instru<span class=\"__1 _6\"></span>mentos<span class=\"__1 _6\"></span>  financieros  derivados,<span class=\"__1 _1bc\"> </span>quedan <span class=\"__1 _6\"></span>encuadradas<span class=\"__1 _6\"></span> en <span class=\"__1 _6\"></span>el nivel 2 <span class=\"__1 _6\"></span>de la <span class=\"__1 _6\"></span>jerarqu\u00eda <span class=\"__1 _6\"></span>de valo<span class=\"__1 _6\"></span>res razonab<span class=\"__1 _6\"></span>les esta<span class=\"__1 _6\"></span>blecida por <span class=\"__1 _6\"></span>la NIIF <span class=\"__1 _6\"></span>13, po<span class=\"__1 _6\"></span>r estar<span class=\"__1 _1bc\"> </span>los inputs basad<span class=\"__1 _6\"></span>os en precios cotizados p<span class=\"__1 _6\"></span>ara instrumentos similares en mercados a<span class=\"__1 _6\"></span>ctivos (no incluidos en el<span class=\"__1 _1bc\"> </span>nivel <span class=\"__1 _70\"></span>1), <span class=\"__1 _5\"></span>precios <span class=\"__1 _70\"></span>cot<span class=\"__1 _6\"></span>izados <span class=\"__1 _5\"></span>para <span class=\"__1 _70\"></span>instru<span class=\"__1 _6\"></span>mentos <span class=\"__1 _70\"></span>id\u00e9nticos<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>o <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>imilares <span class=\"__1 _70\"></span>en <span class=\"__1 _70\"></span>mercados<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>que no <span class=\"__1 _70\"></span>son <span class=\"__1 _70\"></span>activos<span class=\"__1 _6\"></span>, <span class=\"__1 _70\"></span>y <span class=\"__1 _70\"></span>t\u00e9cnicas<span class=\"__1 _1bc\"> </span> basadas <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c8\"> </span>modelos<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>valoraci\u00f3n <span class=\"__1 _c6\"> </span>para <span class=\"__1 _c6\"> </span>los <span class=\"__1 _c6\"> </span>cuales <span class=\"__1 _c6\"> </span>todos <span class=\"__1 _c8\"> </span>los <span class=\"__1 _c6\"> </span>inputs <span class=\"__1 _c6\"> </span>significativos <span class=\"__1 _c6\"> </span>son <span class=\"__1 _c8\"> </span>obs<span class=\"__1 _6\"></span>ervables <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c8\"> </span>el<span class=\"__1 _1bc\"> </span> mercado o <span class=\"__1 _6\"></span>pueden s<span class=\"__1 _6\"></span>er corrob<span class=\"__1 _6\"></span>orados <span class=\"__1 _6\"></span>por <span class=\"__1 _6\"></span>datos observa<span class=\"__1 _8\"></span>bles de mercado<span class=\"__1 _6\"></span>. En<span class=\"__1 _6\"></span> dicha <span class=\"__1 _6\"></span>clasificaci\u00f3n<span class=\"__1 _6\"></span> se <span class=\"__1 _6\"></span>ha ten<span class=\"__1 _6\"></span>ido<span class=\"__1 _1bc\"> </span> en <span class=\"__1 _6\"></span>consideraci\u00f3n <span class=\"__1 _6\"></span>que <span class=\"__1 _8\"></span>los <span class=\"__1 _6\"></span>ajustes p<span class=\"__1 _6\"></span>or <span class=\"__1 _6\"></span>riesgo <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>cr\u00e9dito <span class=\"__1 _6\"></span>utilizan <span class=\"__1 _6\"></span>inputs <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>nivel <span class=\"__1 _6\"></span>3, <span class=\"__1 _6\"></span>como s<span class=\"__1 _6\"></span>on las<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>estimaciones<span class=\"__1 _1bc\"> </span> de <span class=\"__1 _c8\"> </span>cr\u00e9dito <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c8\"> </span>fun<span class=\"__1 _6\"></span>ci\u00f3n <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _c8\"> </span>ra<span class=\"__1 _6\"></span>ting <span class=\"__1 _c8\"> </span>crediticio <span class=\"__1 _c6\"> </span>o <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c8\"> </span>empresa<span class=\"__1 _6\"></span>s <span class=\"__1 _c6\"> </span>comparables <span class=\"__1 _c6\"> </span>para <span class=\"__1 _c6\"> </span>evaluar <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c8\"> </span>probabil<span class=\"__1 _8\"></span>idad<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>de<span class=\"__1 _1bc\"> </span> quiebra <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>sociedad <span class=\"__1 _8\"></span>o <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>contraparte<span class=\"__1 _6\"></span>, <span class=\"__1 _8\"></span>si <span class=\"__1 _8\"></span>bien, <span class=\"__1 _8\"></span>dichos <span class=\"__1 _8\"></span>ajustes <span class=\"__1 _8\"></span>no <span class=\"__1 _8\"></span>son <span class=\"__1 _8\"></span>significativos. <span class=\"__1 _8\"></span>Por <span class=\"__1 _8\"></span>otra<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>parte, <span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>as<span class=\"__1 _1bc\"> </span> contraprestacion<span class=\"__1 _6\"></span>es contin<span class=\"__1 _6\"></span>gentes que <span class=\"__1 _6\"></span>surgen <span class=\"__1 _6\"></span>en combinacion<span class=\"__1 _6\"></span>es de <span class=\"__1 _6\"></span>negocios <span class=\"__1 _6\"></span>que quedan<span class=\"__1 _6\"></span> encuadradas<span class=\"__1 _6\"></span> en <span class=\"__1 _6\"></span>el<span class=\"__1 _1bc\"> </span> nivel 3 de la jerarqu\u00eda <span class=\"__1 _6\"></span>(v\u00e9ase Nota <span class=\"__1 _6\"></span><span class=\"ls12\">4)</span>.<span class=\"__1 _1bc\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForHedgingExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-8": {
   "value": "En caso de que el Grupo est\u00e9 obligado a desmantelar sus instalaciones y rehabilitar el lugar donde se asientan,  el  valor  estimado  de  dichos  costes se  incorpora  al  valor  en libros  del  activo  por  su  valor presente,  con  abono  al  ep\u00edgrafe  \u201cProvisiones\u201d  del  Estado  de  Situaci\u00f3n  Financiera  consolidado.  Los cambios posteriores en la evaluaci\u00f3n de las obligaciones por desmantelamiento se a\u00f1aden o deducen del valor neto contable del activo correspondiente en el periodo en el que se producen. Los  costes  de  ampliaci\u00f3n,  modernizaci\u00f3n  o  mejoras  que  representan  un  aumento  de  la  productividad,  capacidad, eficiencia o un alargamiento de la vida \u00fatil de los bienes se capitalizan como mayor coste de los  correspondientes activos. ENCE sigue el criterio de traspasar la obra en curso al inmovilizado en explotaci\u00f3n  una vez finalizado el correspondiente periodo de prueba. Por su parte, los gastos de conservaci\u00f3n y mantenimiento incurridos durante el ejercicio se cargan al Estado  de Resultado consolidado.  Las sustituciones de elementos del inmovilizado material susceptibles de capitalizaci\u00f3n suponen la baja del  valor  contable  de  los  elementos  sustituidos.  En  aquellos  casos  en  los  que  el  coste  de  los  elementos  sustituidos no haya sido amortizado de forma independiente y no fuese practicable determinar el valor  contable de los mismos, se utiliza el coste de la sustituci\u00f3n como indicativo del coste de los elementos en el  momento de su adquisici\u00f3n o construcci\u00f3n. Por su parte, el beneficio o la p\u00e9rdida que se produce en la  enajenaci\u00f3n de los elementos sustituidos se determina por diferencia entre el importe percibido por la venta  y el valor en libros del activo enajenado.  ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDecommissioningRestorationAndRehabilitationProvisionsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-586": {
   "value": "Amortizaciones y de<span class=\"__1 _6\"></span>terioros<span class=\"__1 _1bc\"> </span> Durante <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>ejercicio <span class=\"__1 _4\"></span>2023 <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>2022 <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>Grupo <span class=\"__1 _4\"></span>amortiza <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>u <span class=\"__1 _4\"></span>inmovilizado <span class=\"__1 _4\"></span>material <span class=\"__1 _4\"></span>siguiendo <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>m\u00e9todo <span class=\"__1 _4\"></span>lineal,<span class=\"__1 _1bc\"> </span> distribuyend<span class=\"__1 _6\"></span>o <span class=\"__1 _5\"></span>el <span class=\"__1 _70\"></span>cos<span class=\"__1 _6\"></span>te <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>activos entre <span class=\"__1 _70\"></span>los a\u00f1os <span class=\"__1 _70\"></span>de vida <span class=\"__1 _5\"></span>\u00fatil <span class=\"__1 _70\"></span>estimada,<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>acu<span class=\"__1 _6\"></span>erdo <span class=\"__1 _5\"></span>con <span class=\"__1 _5\"></span>el <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>iguiente <span class=\"__1 _5\"></span>detalle:<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> El <span class=\"__1 _6\"></span>Grupo <span class=\"__1 _8\"></span>revisa <span class=\"__1 _6\"></span>peri\u00f3d<span class=\"__1 _6\"></span>icamente <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>alor <span class=\"__1 _6\"></span>residual,<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>ida <span class=\"__1 _6\"></span>\u00fatil <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>m\u00e9todo <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>amortizaci\u00f3n <span class=\"__1 _8\"></span>del <span class=\"__1 _6\"></span>inmovilizado<span class=\"__1 _1bc\"> </span>material. <span class=\"__1 _4\"></span>Las <span class=\"__1 _4\"></span>modificaciones <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>criterios <span class=\"__1 _4\"></span>inicialmente <span class=\"__1 _4\"></span>establecidos<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>reconocen <span class=\"__1 _4\"></span>como <span class=\"__1 _4\"></span>un <span class=\"__1 _c8\"></span>cambio <span class=\"__1 _4\"></span>de<span class=\"__1 _1bc\"> </span>estimaci\u00f3n.<span class=\"__1 _1bc\"> </span>Los <span class=\"__1 _cb\"> </span>terrenos  se <span class=\"__1 _cb\"> </span>registran <span class=\"__1 _cb\"> </span>de  forma <span class=\"__1 _cb\"> </span>independiente  de <span class=\"__1 _cb\"> </span>los <span class=\"__1 _cb\"> </span>edificios  o <span class=\"__1 _cb\"> </span>instalaciones <span class=\"__1 _cb\"> </span>que  puedan<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>estar<span class=\"__1 _1bc\"> </span>asentadas sob<span class=\"__1 _6\"></span>re los mismos y se entiende que tienen una vida <span class=\"__1 _6\"></span>\u00fatil indefinida y, por tanto, no son objeto de<span class=\"__1 _1bc\"> </span>amortizaci\u00f3n.<span class=\"__1 _1bc\"> </span>Con <span class=\"__1 _c9\"> </span>car\u00e1cter <span class=\"__1 _cd\"> </span>general, <span class=\"__1 _cd\"> </span>las <span class=\"__1 _c9\"> </span>inv<span class=\"__1 _6\"></span>ersiones <span class=\"__1 _c9\"> </span>en <span class=\"__1 _cd\"> </span>edificaciones <span class=\"__1 _cd\"> </span>construidas <span class=\"__1 _cd\"> </span>en <span class=\"__1 _c9\"> </span>terrenos <span class=\"__1 _cd\"> </span>cedidos<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>en <span class=\"__1 _cd\"> </span>r\u00e9gimen<span class=\"__1 _1bc\"> </span>concesional <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>registran <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>cuenta <span class=\"__1 _6\"></span>\u201cCons<span class=\"__1 _6\"></span>trucciones\u201d. <span class=\"__1 _6\"></span>Dicho <span class=\"__1 _6\"></span>coste, <span class=\"__1 _6\"></span>ju<span class=\"__1 _6\"></span>nto con<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>el d<span class=\"__1 _6\"></span>el resto <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>instalacion<span class=\"__1 _6\"></span>es<span class=\"__1 _1bc\"> </span>fijas <span class=\"__1 _8\"></span>ubicadas <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>los <span class=\"__1 _6\"></span>terrenos <span class=\"__1 _8\"></span>concesionados<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>amortiza<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>fu<span class=\"__1 _6\"></span>nci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>su<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>vida <span class=\"__1 _8\"></span>\u00fatil, <span class=\"__1 _8\"></span>estableci\u00e9ndose <span class=\"__1 _6\"></span>como<span class=\"__1 _1bc\"> </span>\u00edmite el periodo restante d<span class=\"__1 _6\"></span>e vigencia de la concesi\u00f3n. Po<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>nta<span class=\"__1 _6\"></span>j<span class=\"__1 _8\"></span>e<span class=\"__1 _80\"> </span>A<span class=\"__1 _5\"></span>\u00f1os<span class=\"__1 _8\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> Vi<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>a<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _70\"></span>mor<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>za<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _d2\"> </span>\u00dat<span class=\"__1 _70\"></span>i<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span> Es<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>m<span class=\"__1 _5\"></span>a<span class=\"__1 _8\"></span>da<span class=\"__1 _1bc\"> </span>Cons<span class=\"__1 _8\"></span>tru<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _d3\"> </span>2<span class=\"__1 _6\"></span>%-3%<span class=\"__1 _a0\"> </span>3<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>-5<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span>I<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _4\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> t\u00e9<span class=\"__1 _70\"></span>c<span class=\"__1 _8\"></span>ni<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _1bc\"> </span>Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>nta<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>ge<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>e<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3<span class=\"__1 _6\"></span>n c<span class=\"__1 _6\"></span>on<span class=\"__1 _6\"></span> bi<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>ma<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>a<span class=\"__1 _79\"> </span><span class=\"ls1a\">4%<span class=\"__1 _d4\"> </span>25<span class=\"__1 _1bc\"> </span></span>Otr<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> i<span class=\"__1 _8\"></span>n<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>ta<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>ci<span class=\"__1 _4\"></span>one<span class=\"__1 _70\"></span>s<span class=\"__1 _d5\"> </span>5<span class=\"__1 _6\"></span>%-8,3%<span class=\"__1 _74\"> </span> <span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>2-2<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span>Ma<span class=\"__1 _6\"></span>qu<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>na<span class=\"__1 _8\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _27\"> </span>5%-12<span class=\"__1 _6\"></span>,5<span class=\"__1 _6\"></span>%<span class=\"__1 _95\"> </span>8<span class=\"__1 _6\"></span>-2<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span>Ut<span class=\"__1 _70\"></span>i<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>j<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span> y mobi<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _d6\"> </span>8<span class=\"__1 _6\"></span>,3%-12<span class=\"__1 _6\"></span>,5%<span class=\"__1 _d7\"> </span>8<span class=\"__1 _6\"></span>-12<span class=\"__1 _1bc\"> </span>Equi<span class=\"__1 _8\"></span>pos<span class=\"__1 _8\"></span> p<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>oc<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>nfor<span class=\"__1 _6\"></span>ma<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3<span class=\"__1 _6\"></span>n<span class=\"__1 _d8\"> </span><span class=\"ls1a\">20%<span class=\"__1 _d4\"> </span></span>5<span class=\"__1 _1bc\"> </span>El<span class=\"__1 _6\"></span>em<span class=\"__1 _70\"></span>ent<span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> tra<span class=\"__1 _8\"></span>ns<span class=\"__1 _8\"></span>por<span class=\"__1 _6\"></span>te<span class=\"__1 _d9\"> </span><span class=\"ls1a\">10%<span class=\"__1 _da\"> </span>10<span class=\"__1 _1bc\"> </span></span>Otr<span class=\"__1 _6\"></span>o i<span class=\"__1 _8\"></span>nmovi<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>za<span class=\"__1 _8\"></span>do ma<span class=\"__1 _6\"></span>te<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>l<span class=\"__1 _db\"> </span><span class=\"ls1a\">10%<span class=\"__1 _da\"> </span>10<span class=\"__1 _1bc\"> </span></span>A\u00f1o 2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>En <span class=\"__1 _6\"></span><span class=\"ls0_1\">ENCE <span class=\"__1 _8\"></span>Renovables, <span class=\"__1 _8\"></span>la regulaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>establece <span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>na <span class=\"__1 _6\"></span>vid<span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>regulatoria <span class=\"__1 _8\"></span>para <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>activos <span class=\"__1 _6\"></span>operativos <span class=\"__1 _8\"></span>que <span class=\"__1 _6\"></span>depende<span class=\"__1 _1bc\"> </span></span><span class=\"ls0_1\"> </span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>tecnolog\u00eda, <span class=\"__1 _8\"></span>siendo <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>actualmente <span class=\"__1 _8\"></span>establecida <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>25 <span class=\"__1 _4\"></span>a\u00f1os <span class=\"__1 _8\"></span>para <span class=\"__1 _4\"></span>las <span class=\"__1 _8\"></span>instalaciones <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>biomasa. <span class=\"__1 _4\"></span>La <span class=\"__1 _8\"></span>vida<span class=\"__1 _1bc\"> </span> regulatoria <span class=\"__1 _5\"></span>es <span class=\"__1 _5\"></span>el <span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>eriodo <span class=\"__1 _5\"></span>duran<span class=\"__1 _6\"></span>te <span class=\"__1 _70\"></span>la cual <span class=\"__1 _70\"></span>la instalaci\u00f3n va <span class=\"__1 _70\"></span>a t<span class=\"__1 _5\"></span>ener derecho <span class=\"__1 _70\"></span>a pertenecer <span class=\"__1 _70\"></span>al r\u00e9gimen retributivo<span class=\"__1 _1bc\"> </span> establecido <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c6\"> </span>normativa <span class=\"__1 _c8\"> </span>energ\u00e9tica <span class=\"__1 _c6\"> </span>y, <span class=\"__1 _c8\"> </span>por <span class=\"__1 _c8\"> </span>tanto<span class=\"__1 _6\"></span>, <span class=\"__1 _c8\"></span>a <span class=\"__1 _c8\"></span>obtener <span class=\"__1 _c8\"></span>los <span class=\"__1 _c8\"> </span>beneficios <span class=\"__1 _c8\"> </span>econ\u00f3micos<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>que <span class=\"__1 _c8\"> </span>apliqu<span class=\"__1 _6\"></span>en<span class=\"__1 _1bc\"> </span> (retribuciones <span class=\"__1 _6\"></span>a la <span class=\"__1 _6\"></span>inversi\u00f3n <span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>a la <span class=\"__1 _6\"></span>operaci\u00f3n <span class=\"__1 _6\"></span>mediante <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>mecanismo <span class=\"__1 _6\"></span>de retrib<span class=\"__1 _6\"></span>uci\u00f3n m\u00edni<span class=\"__1 _6\"></span>ma estab<span class=\"__1 _6\"></span>lecida en<span class=\"__1 _1bc\"> </span> el <span class=\"__1 _8\"></span>mismo). <span class=\"__1 _8\"></span>En <span class=\"__1 _8\"></span>este <span class=\"__1 _8\"></span>sentido,<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>activos <span class=\"__1 _8\"></span>vinculados <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>estas <span class=\"__1 _8\"></span>insta<span class=\"__1 _6\"></span>laciones <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>amortizan <span class=\"__1 _8\"></span>consid<span class=\"__1 _6\"></span>erando <span class=\"__1 _8\"></span>su <span class=\"__1 _8\"></span>vida<span class=\"__1 _1bc\"> </span> \u00fatil con el l\u00edmite de la vida \u00fatil regulatoria, salvo que se espere obtener flujos econ\u00f3<span class=\"__1 _6\"></span>micos positiv<span class=\"__1 _6\"></span>os m\u00e1s all\u00e1<span class=\"__1 _1bc\"> </span> de su vida <span class=\"__1 _6\"></span>regulatoria.<span class=\"__1 _1bc\"> </span> Las s<span class=\"__1 _6\"></span>ociedades del <span class=\"__1 _6\"></span>Grupo <span class=\"__1 _6\"></span>eval\u00faan peri\u00f3dicamente, <span class=\"__1 _6\"></span>y al <span class=\"__1 _6\"></span>menos <span class=\"__1 _6\"></span>al cierre <span class=\"__1 _6\"></span>de cada <span class=\"__1 _6\"></span>ejercicio, si <span class=\"__1 _6\"></span>existen <span class=\"__1 _6\"></span>indicios<span class=\"__1 _1bc\"> </span> de <span class=\"__1 _6\"></span>deterioro <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>alg\u00fan <span class=\"__1 _6\"></span>activo <span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>conju<span class=\"__1 _6\"></span>nto <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>activos <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>inmovilizado <span class=\"__1 _6\"></span>con <span class=\"__1 _6\"></span>ob<span class=\"__1 _6\"></span>jeto <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>proceder <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>su <span class=\"__1 _6\"></span>caso, <span class=\"__1 _6\"></span>tal<span class=\"__1 _1bc\"> </span> como <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>ind<span class=\"__1 _6\"></span>ica <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>apartado <span class=\"__1 _8\"></span>3.5 <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>presente <span class=\"__1 _8\"></span>nota<span class=\"__1 _6\"></span>, <span class=\"__1 _8\"></span>al <span class=\"__1 _6\"></span>deterioro <span class=\"__1 _8\"></span>o <span class=\"__1 _8\"></span>reversi\u00f3n <span class=\"__1 _8\"></span>del <span class=\"__1 _6\"></span>mis<span class=\"__1 _6\"></span>mo <span class=\"__1 _6\"></span>para <span class=\"__1 _8\"></span>aju<span class=\"__1 _6\"></span>star <span class=\"__1 _6\"></span>su<span class=\"__1 _1bc\"> </span> valor <span class=\"__1 _c8\"></span>neto <span class=\"__1 _c8\"></span>contable <span class=\"__1 _c8\"></span>a <span class=\"__1 _c8\"></span>su <span class=\"__1 _c8\"></span>valor <span class=\"__1 _4\"></span>recuperable, <span class=\"__1 _c8\"> </span>sin <span class=\"__1 _c8\"> </span>sup<span class=\"__1 _6\"></span>erar <span class=\"__1 _4\"></span>e<span class=\"__1 _6\"></span>n <span class=\"__1 _c8\"></span>ning\u00fan <span class=\"__1 _c8\"> </span>caso <span class=\"__1 _c8\"> </span>las <span class=\"__1 _c8\"> </span>reversiones <span class=\"__1 _c8\"></span>a <span class=\"__1 _c8\"></span>los <span class=\"__1 _c8\"></span>deterioros<span class=\"__1 _1bc\"> </span> previos <span class=\"__1 _c6\"> </span>realizados<span class=\"__1 _6\"></span>. <span class=\"__1 _c6\"> </span>Los <span class=\"__1 _c6\"> </span>deterioros <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"> </span>v<span class=\"__1 _6\"></span>alor <span class=\"__1 _c6\"> </span>se <span class=\"__1 _c6\"> </span>reconocen,<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>con <span class=\"__1 _c6\"> </span>cargo <span class=\"__1 _c6\"> </span>al <span class=\"__1 _c6\"> </span>ep\u00edgra<span class=\"__1 _6\"></span>fe <span class=\"__1 _c8\"> </span>\u201c<span class=\"__1 _6\"></span>Deterioros <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"> </span>v<span class=\"__1 _6\"></span>alo<span class=\"__1 _8\"></span><span class=\"ff4\">r <span class=\"__1 _c8\"> </span>y<span class=\"__1 _1bc\"> </span></span><span class=\"ff4\"><span class=\"__1 _6\"></span> </span>resultados p<span class=\"__1 _6\"></span>or enajenaci\u00f3n de inmovilizado\u201d<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span>3.5<span class=\"ff5\"> <span class=\"__1 _cc\"> </span></span><span class=\"fc3\">Deterioro de valo<span class=\"__1 _5\"></span>r de activo<span class=\"__1 _5\"></span>s no financieros </span>El <span class=\"__1 _6\"></span>Grupo <span class=\"__1 _6\"></span>ENCE <span class=\"__1 _6\"></span>revisa, <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>menos <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>fecha d<span class=\"__1 _6\"></span>e cierre <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>cada <span class=\"__1 _6\"></span>ejercicio, <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>valor <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>sus <span class=\"__1 _6\"></span>activos<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>no finan<span class=\"__1 _6\"></span>cieros, entre los <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>se incluyen <span class=\"__1 _6\"></span>lo<span class=\"__1 _6\"></span>s activ<span class=\"__1 _6\"></span>os materiales, <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>activos p<span class=\"__1 _6\"></span>or derecho <span class=\"__1 _6\"></span>de us<span class=\"__1 _6\"></span>o, el <span class=\"__1 _6\"></span>fondo d<span class=\"__1 _6\"></span>e comercio <span class=\"__1 _6\"></span>junto a <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>otros <span class=\"__1 _8\"></span>activos <span class=\"__1 _8\"></span>intangibles<span class=\"__1 _6\"></span>, <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>activos <span class=\"__1 _8\"></span>biol\u00f3gicos,<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span><span class=\"ff6\">y <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>\u201cInversiones <span class=\"__1 _8\"></span>contab<span class=\"__1 _6\"></span>ilizadas <span class=\"__1 _8\"></span>por <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>m\u00e9todo <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>la </span>participaci\u00f3n\u201d<span class=\"ff4\"> <span class=\"__1 _8\"></span>para <span class=\"__1 _8\"></span>determinar <span class=\"__1 _8\"></span>si <span class=\"__1 _8\"></span>existe <span class=\"__1 _6\"></span>alg\u00fan<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>in<span class=\"__1 _6\"></span>dicio <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>qu<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>dicho<span class=\"__1 _6\"></span>s <span class=\"__1 _8\"></span>activos <span class=\"__1 _8\"></span>hayan <span class=\"__1 _6\"></span>su<span class=\"__1 _6\"></span>frido <span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>na <span class=\"__1 _8\"></span>p\u00e9rdida <span class=\"__1 _8\"></span>por </span>deterioro, y <span class=\"__1 _5\"></span>por tanto <span class=\"__1 _70\"></span>el valor <span class=\"__1 _5\"></span>que se <span class=\"__1 _70\"></span>esp<span class=\"__1 _6\"></span>era re<span class=\"__1 _5\"></span>cuperar de <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>u uso <span class=\"__1 _5\"></span>o <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>isposici\u00f3n es <span class=\"__1 _5\"></span>inferior <span class=\"__1 _70\"></span>a su valor <span class=\"__1 _5\"></span>en libros.<span class=\"__1 _70\"></span> <span class=\"__1 _8\"></span> ENCE <span class=\"__1 _cb\"> </span>utiliza <span class=\"__1 _cb\"> </span>tanto <span class=\"__1 _cb\"> </span>fuentes <span class=\"__1 _cb\"> </span>de <span class=\"__1 _cb\"> </span>informaci\u00f3n <span class=\"__1 _cb\"> </span>internas<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>como <span class=\"__1 _cb\"> </span>externas <span class=\"__1 _cb\"> </span>para <span class=\"__1 _cb\"> </span>evaluar <span class=\"__1 _cb\"> </span>posibles <span class=\"__1 _cb\"> </span>indicios <span class=\"__1 _cb\"> </span>de deterioro. <span class=\"__1 _ca\"> </span>Entre  las <span class=\"__1 _c6\"> </span>fuentes <span class=\"__1 _ca\"> </span>externas  se <span class=\"__1 _c6\"> </span>consideran  disminuciones <span class=\"__1 _c6\"> </span>del  valor <span class=\"__1 _c6\"> </span>de  me<span class=\"__1 _5\"></span>rcado  considerando transacciones comparables, <span class=\"__1 _70\"></span>la <span class=\"__1 _70\"></span>evoluci\u00f3n de <span class=\"__1 _70\"></span>los <span class=\"__1 _70\"></span>precios <span class=\"__1 _70\"></span>a f<span class=\"__1 _5\"></span>uturo <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>la <span class=\"__1 _70\"></span>celulosa y <span class=\"__1 _70\"></span>la <span class=\"__1 _70\"></span>energ\u00eda <span class=\"__1 _70\"></span>ren<span class=\"__1 _6\"></span>ovable, <span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>sibles cambios <span class=\"__1 _6\"></span>futu<span class=\"__1 _6\"></span>ros <span class=\"__1 _6\"></span>ad<span class=\"__1 _6\"></span>versos <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>entorno <span class=\"__1 _8\"></span>legal, <span class=\"__1 _6\"></span>econ<span class=\"__1 _6\"></span>\u00f3mico <span class=\"__1 _6\"></span>o <span class=\"__1 _8\"></span>tecnol\u00f3gico <span class=\"__1 _6\"></span>qu<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>pu<span class=\"__1 _6\"></span>dieran <span class=\"__1 _6\"></span>poner <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>manifiesto<span class=\"__1 _6\"></span> una <span class=\"__1 _c8\"></span>p\u00e9rdida <span class=\"__1 _c8\"> </span>del <span class=\"__1 _c8\"></span>valor <span class=\"__1 _4\"></span>recuperab<span class=\"__1 _6\"></span>le <span class=\"__1 _4\"></span>de <span class=\"__1 _c8\"> </span>sus<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>act<span class=\"__1 _6\"></span>ivos<span class=\"__1 _6\"></span>, <span class=\"__1 _c8\"></span>mermas <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>obrevenidas <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c8\"></span>la <span class=\"__1 _4\"></span>prod<span class=\"__1 _6\"></span>ucci\u00f3n <span class=\"__1 _4\"></span>esp<span class=\"__1 _6\"></span>erada <span class=\"__1 _c8\"></span>que persistan en el tiem<span class=\"__1 _5\"></span>po, o la ev<span class=\"__1 _5\"></span>oluci\u00f3n de variables macroecon\u00f3micas somo la inflaci\u00f3n y l<span class=\"__1 _5\"></span>os tipos de i<span class=\"__1 _5\"></span>nter\u00e9s<span class=\"__1 _6\"></span><span class=\"ls15\">. </span>Por su parte, internamente s<span class=\"__1 _6\"></span>e eval\u00faa si se ha produ<span class=\"__1 _6\"></span>cido un deterioro f\u00edsico u obso<span class=\"__1 _6\"></span>lescencia de los activos, o si el rendimiento del activo es<span class=\"__1 _6\"></span> peor de lo es<span class=\"__1 _6\"></span>perado.<span class=\"__1 _6\"></span> En <span class=\"__1 _c6\"> </span>caso <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>existir <span class=\"__1 _c6\"> </span>in<span class=\"__1 _6\"></span>dicios <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c6\"> </span>deterioro, <span class=\"__1 _c6\"> </span>se <span class=\"__1 _c6\"> </span>ll<span class=\"__1 _6\"></span>eva <span class=\"__1 _c6\"> </span>a <span class=\"__1 _c6\"> </span>cabo  una <span class=\"__1 _c8\"> </span>estimaci\u00f3n <span class=\"__1 _ca\"> </span>del <span class=\"__1 _c6\"> </span>importe <span class=\"__1 _c6\"> </span>recuperab<span class=\"__1 _6\"></span>le, <span class=\"__1 _c8\"> </span>p<span class=\"__1 _6\"></span>ara determinar, en <span class=\"__1 _70\"></span>su caso, <span class=\"__1 _70\"></span>el importe <span class=\"__1 _70\"></span>del deterioro. <span class=\"__1 _5\"></span>El <span class=\"__1 _5\"></span>importe recuperable <span class=\"__1 _70\"></span>es<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>el<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>mayor <span class=\"__1 _5\"></span>entre el <span class=\"__1 _70\"></span>valor razonable<span class=\"__1 _1bc\"> </span> minorado p<span class=\"__1 _6\"></span>or el cos<span class=\"__1 _6\"></span>te de su <span class=\"__1 _6\"></span>venta y <span class=\"__1 _6\"></span>el valor <span class=\"__1 _6\"></span>\u201cen uso\u201d. E<span class=\"__1 _6\"></span>n el caso <span class=\"__1 _6\"></span>de los<span class=\"__1 _8\"></span><span class=\"ff4\"> fondos <span class=\"__1 _6\"></span>de comercio E<span class=\"__1 _6\"></span>NCE realiza <span class=\"__1 _6\"></span>de </span>forma sistem\u00e1tica el an<span class=\"__1 _6\"></span>\u00e1lisis de recuperabilidad al m<span class=\"__1 _6\"></span>enos anualmente.<span class=\"__1 _8\"></span> Los <span class=\"__1 _6\"></span>valores <span class=\"__1 _6\"></span>\u201cen <span class=\"__1 _6\"></span>uso\u201d <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>determinan <span class=\"__1 _6\"></span>para <span class=\"__1 _6\"></span>cad<span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>Unidad <span class=\"__1 _6\"></span>Generadora <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>Efectivo <span class=\"__1 _6\"></span>(UGE). <span class=\"__1 _6\"></span>El <span class=\"__1 _6\"></span>fond<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>comercio adquirido en una <span class=\"__1 _6\"></span>combinaci\u00f3n de negocios se dis<span class=\"__1 _6\"></span>tribuye entre cada u<span class=\"__1 _6\"></span>na de las UGE que se benefician de las sinergias <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>co<span class=\"__1 _6\"></span>mbinaci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>negocios.<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>Con <span class=\"__1 _8\"></span>car\u00e1cter <span class=\"__1 _8\"></span>general, <span class=\"__1 _8\"></span>cada <span class=\"__1 _8\"></span>una <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>instalaciones <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>que <span class=\"__1 _6\"></span>el<span class=\"__1 _6\"></span> Grupo desarrolla s<span class=\"__1 _6\"></span>u actividad es una UGE.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> Para determinar el valor en u<span class=\"__1 _6\"></span>so de los a<span class=\"__1 _6\"></span>ctivos s<span class=\"__1 _6\"></span>ometidos a test de deterioro, s<span class=\"__1 _6\"></span>e estima el valor act<span class=\"__1 _6\"></span>ual de los<span class=\"__1 _1bc\"> </span> flujos <span class=\"__1 _6\"></span>netos<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>caj<span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>originado<span class=\"__1 _6\"></span>s <span class=\"__1 _8\"></span>por <span class=\"__1 _6\"></span>cada <span class=\"__1 _8\"></span>UGE <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>as<span class=\"__1 _6\"></span>ocian <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>mismos, <span class=\"__1 _8\"></span>exceptuando <span class=\"__1 _8\"></span>aquellos <span class=\"__1 _6\"></span>flujo<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span> relacionados <span class=\"__1 _c8\"> </span>con<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>pagos <span class=\"__1 _c8\"> </span>o <span class=\"__1 _c6\"> </span>cobros <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>operaciones <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c8\"></span>financiaci\u00f3n <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c6\"> </span>los <span class=\"__1 _c8\"> </span>pagos <span class=\"__1 _c8\"> </span>por <span class=\"__1 _c6\"> </span>el <span class=\"__1 _c8\"></span>impue<span class=\"__1 _8\"></span>sto <span class=\"__1 _c8\"> </span>sobre <span class=\"__1 _c8\"> </span>los<span class=\"__1 _1bc\"> </span> beneficios, as\u00ed como aqu<span class=\"__1 _6\"></span>\u00e9llos que se deriven d<span class=\"__1 _6\"></span>e mejoras o reformas futuras<span class=\"__1 _6\"></span> previstas p<span class=\"__1 _6\"></span>ara los activos de las<span class=\"__1 _1bc\"> </span> citadas un<span class=\"__1 _6\"></span>idades generadoras de efectiv<span class=\"__1 _6\"></span>o.  Los <span class=\"__1 _6\"></span>flujos <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>caja <span class=\"__1 _6\"></span>estimad<span class=\"__1 _6\"></span>os <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>obtienen <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>proyecciones <span class=\"__1 _6\"></span>realizad<span class=\"__1 _6\"></span>as <span class=\"__1 _6\"></span>por <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>Direcci\u00f3n <span class=\"__1 _6\"></span>d<span class=\"__1 _8\"></span>e <span class=\"__1 _6\"></span>cada <span class=\"__1 _6\"></span>un<span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>las<span class=\"__1 _1bc\"> </span> UGE, que en ge<span class=\"__1 _5\"></span>neral utilizan periodos de 3-5 a\u00f1os, excepto cuando las caracter\u00edsticas del negocio <span class=\"__1 _5\"></span>aconsejan<span class=\"__1 _1bc\"> </span> periodos <span class=\"__1 _8\"></span>superiores. <span class=\"__1 _6\"></span>Las <span class=\"__1 _6\"></span>tas<span class=\"__1 _6\"></span>as d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>crecimiento <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>variaciones <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>precios <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>costes <span class=\"__1 _6\"></span>directos <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>e b<span class=\"__1 _6\"></span>asan <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>los<span class=\"__1 _1bc\"> </span> compromisos contractuales <span class=\"__1 _5\"></span>firmes, <span class=\"__1 _70\"></span>la informaci\u00f3n <span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>\u00fablica disponible, <span class=\"__1 _70\"></span>as<span class=\"__1 _6\"></span>\u00ed <span class=\"__1 _70\"></span>como en <span class=\"__1 _70\"></span>las previ<span class=\"__1 _5\"></span>siones sectoriales<span class=\"__1 _1bc\"> </span> y <span class=\"__1 _70\"></span>la <span class=\"__1 _5\"></span>experiencia <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>ENCE. <span class=\"__1 _70\"></span>Ad<span class=\"__1 _6\"></span>icionalmente, <span class=\"__1 _5\"></span>se <span class=\"__1 _70\"></span>realizan <span class=\"__1 _5\"></span>an\u00e1lisis de <span class=\"__1 _70\"></span>sensibilidad <span class=\"__1 _5\"></span>en <span class=\"__1 _70\"></span>relaci\u00f3n <span class=\"__1 _5\"></span>con <span class=\"__1 _70\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>crecimientos<span class=\"__1 _1bc\"> </span> de <span class=\"__1 _4\"></span>in<span class=\"__1 _6\"></span>gresos, <span class=\"__1 _c8\"></span>m\u00e1rgenes <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"></span>explotaci\u00f3n <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c8\"> </span>tasas <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"></span>descuent<span class=\"__1 _6\"></span>o,<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>con<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>el <span class=\"__1 _4\"></span>fin <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"></span>prever <span class=\"__1 _c8\"></span>el <span class=\"__1 _4\"></span>i<span class=\"__1 _6\"></span>mpacto <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"></span>futuros<span class=\"__1 _1bc\"> </span> cambios en estas<span class=\"__1 _6\"></span> variables (v\u00e9ase Nota 1<span class=\"__1 _6\"></span>9).<span class=\"__1 _1bc\"> </span>  En <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>caso <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>plantas <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>generaci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>energ\u00eda <span class=\"__1 _6\"></span>renovab<span class=\"__1 _6\"></span>le encuad<span class=\"__1 _6\"></span>radas <span class=\"__1 _6\"></span>en <span class=\"__1 _4\"></span>ENCE Renovables,<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>en las<span class=\"__1 _6\"></span> qu<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span> se <span class=\"__1 _70\"></span>puede <span class=\"__1 _70\"></span>prever <span class=\"__1 _70\"></span>con<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>cierto <span class=\"__1 _70\"></span>gra<span class=\"__1 _6\"></span>do <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>fiabilidad <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>us <span class=\"__1 _70\"></span>flujos <span class=\"__1 _70\"></span>ta<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>to <span class=\"__1 _70\"></span>en <span class=\"__1 _70\"></span>la <span class=\"__1 _70\"></span>fase<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>construcci\u00f3n <span class=\"__1 _70\"></span>co<span class=\"__1 _6\"></span>mo <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>explot<span class=\"__1 _6\"></span>aci\u00f3n<span class=\"__1 _1bc\"> </span> (activos <span class=\"__1 _cb\"> </span>con  producci\u00f3n <span class=\"__1 _cb\"> </span>est<span class=\"__1 _5\"></span>able,  amp<span class=\"__1 _6\"></span>lias  s<span class=\"__1 _6\"></span>eries  hist\u00f3<span class=\"__1 _6\"></span>ricas  en <span class=\"__1 _cb\"> </span>la  informaci\u00f3n  de <span class=\"__1 _cb\"> </span>m<span class=\"__1 _5\"></span>ercado <span class=\"__1 _cb\"> </span>y  costes <span class=\"__1 _cb\"> </span>de<span class=\"__1 _1bc\"> </span><span class=\"__1 _70\"></span> explotaci\u00f3n con<span class=\"__1 _6\"></span> poca <span class=\"__1 _6\"></span>volatilidad<span class=\"__1 _6\"></span>), se <span class=\"__1 _6\"></span>realiza u<span class=\"__1 _6\"></span>na pro<span class=\"__1 _6\"></span>yecci\u00f3n <span class=\"__1 _6\"></span>de los <span class=\"__1 _6\"></span>flujos <span class=\"__1 _6\"></span>de caja <span class=\"__1 _6\"></span>esperado<span class=\"__1 _6\"></span>s <span class=\"__1 _6\"></span>hasta <span class=\"__1 _6\"></span>el fina<span class=\"__1 _8\"></span>l <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span> la vida <span class=\"__1 _5\"></span>\u00fatil regulatoria <span class=\"__1 _5\"></span>de cada planta, <span class=\"__1 _5\"></span>y el <span class=\"__1 _70\"></span>valo<span class=\"__1 _6\"></span>r re<span class=\"__1 _5\"></span>sidual no es <span class=\"__1 _5\"></span>significativo. Por su <span class=\"__1 _5\"></span>parte, las <span class=\"__1 _5\"></span>proyecciones de<span class=\"__1 _1bc\"> </span> flujos de caja esperados en ac<span class=\"__1 _70\"></span>tiv<span class=\"__1 _6\"></span>os biol\u00f3gicos abarcan un ciclo <span class=\"__1 _5\"></span>productivo<span class=\"__1 _6\"></span> que <span class=\"__1 _5\"></span>puede alcanzar hasta 40 <span class=\"__1 _5\"></span>a\u00f1os<span class=\"__1 _1bc\"> </span> e igualmente no s<span class=\"__1 _6\"></span>e considera v<span class=\"__1 _6\"></span>alor residual.<span class=\"__1 _1bc\"> </span> Para <span class=\"__1 _6\"></span>actualizar<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>flujos <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>efectivo <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>utiliza <span class=\"__1 _8\"></span>una <span class=\"__1 _6\"></span>tas<span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>descuento <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>incluy<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>las <span class=\"__1 _8\"></span>evaluaciones <span class=\"__1 _6\"></span>actu<span class=\"__1 _6\"></span>ales<span class=\"__1 _1bc\"> </span> del mercado sob<span class=\"__1 _6\"></span>re el valor temporal del dinero y<span class=\"__1 _6\"></span> los riesgos es<span class=\"__1 _6\"></span>pec\u00edficos de cada UGE. <span class=\"__1 _8\"></span> Si se <span class=\"__1 _6\"></span>estima que <span class=\"__1 _6\"></span>el importe <span class=\"__1 _6\"></span>recuperable d<span class=\"__1 _6\"></span>e u<span class=\"__1 _6\"></span>n activo <span class=\"__1 _6\"></span>es inferior a <span class=\"__1 _6\"></span>su valor <span class=\"__1 _6\"></span>en libros, <span class=\"__1 _6\"></span>\u00e9ste \u00faltimo se <span class=\"__1 _6\"></span>reduce a<span class=\"__1 _1bc\"> </span> su <span class=\"__1 _c9\"> </span>importe <span class=\"__1 _cb\"> </span>recuperable <span class=\"__1 _c9\"> </span>reconociendo <span class=\"__1 _c9\"> </span>la <span class=\"__1 _cb\"> </span>minora<span class=\"__1 _6\"></span>ci\u00f3n <span class=\"__1 _cb\"> </span>de<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>v<span class=\"__1 _6\"></span>alor <span class=\"__1 _cb\"> </span>corresp<span class=\"__1 _6\"></span>ondiente <span class=\"__1 _cb\"> </span>a <span class=\"__1 _c9\"> </span>trav<span class=\"__1 _6\"></span>\u00e9s <span class=\"__1 _cb\"> </span>del <span class=\"__1 _c9\"> </span>ep\u00edgrafe<span class=\"__1 _1bc\"> </span> \u201cDeterioros <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>valor <span class=\"__1 _8\"></span>y <span class=\"__1 _4\"></span>re<span class=\"__1 _5\"></span>sultados<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>por <span class=\"__1 _4\"></span>enajenaci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>in<span class=\"__1 _6\"></span>movilizado\u201d <span class=\"__1 _4\"></span>del <span class=\"__1 _6\"></span>E<span class=\"__1 _6\"></span>stado <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>Resultad<span class=\"__1 _8\"></span><span class=\"ff4 ls19\">o <span class=\"__1 _8\"></span><span class=\"ls0_1\">consolida<span class=\"__1 _6\"></span>do<span class=\"ls15\">.<span class=\"__1 _1bc\"> </span></span></span></span><span class=\"ff4 ls19\"><span class=\"ls0_1\"><span class=\"ls15\"> </span></span></span>Las p\u00e9rdidas<span class=\"__1 _6\"></span> por deterioro son revers<span class=\"__1 _6\"></span>ibles, excepto las corresp<span class=\"__1 _6\"></span>ondientes a los<span class=\"__1 _6\"></span> fondos de comercio.<span class=\"__1 _1bc\"> </span><span class=\"__1 _8\"></span> Cuando <span class=\"__1 _4\"></span>una <span class=\"__1 _4\"></span>p\u00e9rdida <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>valo<span class=\"__1 _6\"></span>r <span class=\"__1 _8\"></span>revierte <span class=\"__1 _4\"></span>posteriormente, <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>importe <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>libros <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>UGE <span class=\"__1 _4\"></span>se<span class=\"__1 _5\"></span> <span class=\"__1 _4\"></span>incrementa <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>l<span class=\"__1 _5\"></span>a<span class=\"__1 _1bc\"> </span> estimaci\u00f3n revisada de su importe recuperable, pero de tal modo que <span class=\"__1 _5\"></span>el importe en libros incrementado no<span class=\"__1 _1bc\"> </span> supere <span class=\"__1 _c8\"> </span>el <span class=\"__1 _c8\"> </span>importe <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c8\"> </span>libros<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _c8\"> </span>se <span class=\"__1 _c6\"> </span>habr\u00eda <span class=\"__1 _c8\"> </span>determinado<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"> </span>no <span class=\"__1 _c8\"> </span>haberse <span class=\"__1 _c8\"> </span>reconocido<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>ninguna <span class=\"__1 _c8\"> </span>p<span class=\"__1 _6\"></span>\u00e9rdida <span class=\"__1 _c8\"></span>por<span class=\"__1 _1bc\"> </span> deterioro de valor par<span class=\"__1 _6\"></span>a la UGE en ejercicios a<span class=\"__1 _6\"></span>nteriores.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> Deterioros de valor<span class=\"__1 _1bc\"> </span>-<span class=\"__1 _1bc\"> </span>ENCE ev<span class=\"__1 _6\"></span>al\u00faa s<span class=\"__1 _6\"></span>obre una <span class=\"__1 _6\"></span>base p<span class=\"__1 _6\"></span>rospectiva <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>p\u00e9rdidas <span class=\"__1 _6\"></span>de cr\u00e9dito <span class=\"__1 _6\"></span>esperadas <span class=\"__1 _6\"></span>de s<span class=\"__1 _6\"></span>us <span class=\"__1 _6\"></span>activos valorados<span class=\"__1 _6\"></span> a <span class=\"__1 _6\"></span>coste<span class=\"__1 _1bc\"> </span>amortizado. En es<span class=\"__1 _6\"></span>te sentido, ENCE ap<span class=\"__1 _6\"></span>lica el enfoque gener<span class=\"__1 _6\"></span>al de c\u00e1lculo de la p\u00e9rd<span class=\"__1 _6\"></span>ida esperada a s<span class=\"__1 _6\"></span>us activos<span class=\"__1 _1bc\"> </span>financieros a <span class=\"__1 _5\"></span>largo plazo, excepto <span class=\"__1 _5\"></span>los saldos comerciales y <span class=\"__1 _70\"></span>ot<span class=\"__1 _6\"></span>ras cuentas a <span class=\"__1 _5\"></span>cobrar sin <span class=\"__1 _5\"></span>componente financiero<span class=\"__1 _1bc\"> </span>significativo para <span class=\"__1 _6\"></span>los que aplica un enfoqu<span class=\"__1 _6\"></span>e simplificado.<span class=\"__1 _1bc\"> </span>Bajo el enfoque general, se consideran las p\u00e9rdidas<span class=\"__1 _6\"></span> crediticias esperadas en los pr\u00f3ximos doce meses, salvo<span class=\"__1 _1bc\"> </span>que <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>riesgo <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>cr\u00e9dito <span class=\"__1 _8\"></span>se <span class=\"__1 _4\"></span>haya <span class=\"__1 _4\"></span>incrementado <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>for<span class=\"__1 _6\"></span>ma <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>ignificativa <span class=\"__1 _4\"></span>desde <span class=\"__1 _8\"></span>su<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>reconocimiento <span class=\"__1 _4\"></span>inicial, <span class=\"__1 _8\"></span>en<span class=\"__1 _1bc\"> </span>cuyo cas<span class=\"__1 _6\"></span>o se <span class=\"__1 _6\"></span>considerar\u00e1n<span class=\"__1 _6\"></span> las <span class=\"__1 _6\"></span>p\u00e9rdidas <span class=\"__1 _6\"></span>esperadas<span class=\"__1 _6\"></span> duran<span class=\"__1 _6\"></span>te la <span class=\"__1 _6\"></span>vida <span class=\"__1 _6\"></span>del activo. <span class=\"__1 _6\"></span>En <span class=\"__1 _6\"></span>la evalu<span class=\"__1 _6\"></span>aci\u00f3n <span class=\"__1 _6\"></span>de un<span class=\"__1 _6\"></span> ca<span class=\"__1 _6\"></span>mbio<span class=\"__1 _1bc\"> </span>significativo <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>riesgo <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>cr<span class=\"__1 _6\"></span>\u00e9dito <span class=\"__1 _8\"></span>se <span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>tilizan <span class=\"__1 _8\"></span>variaciones<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>calificaci\u00f3n <span class=\"__1 _8\"></span>crediticia <span class=\"__1 _8\"></span>obtenida<span class=\"__1 _6\"></span>s <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>fuentes<span class=\"__1 _1bc\"> </span>de mercado externas<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span>Bajo <span class=\"__1 _5\"></span>el <span class=\"__1 _70\"></span>enfoqu<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>implificado, <span class=\"__1 _5\"></span>se <span class=\"__1 _5\"></span>consideran las <span class=\"__1 _70\"></span>p\u00e9rdidas cre<span class=\"__1 _5\"></span>diticias e<span class=\"__1 _5\"></span>speradas durante <span class=\"__1 _70\"></span>la <span class=\"__1 _5\"></span>vida <span class=\"__1 _5\"></span>del <span class=\"__1 _70\"></span>act<span class=\"__1 _6\"></span>ivo.  <span class=\"__1 _5\"></span>Este<span class=\"__1 _1bc\"> </span>modelo <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>ll<span class=\"__1 _6\"></span>eva <span class=\"__1 _c8\"></span>a <span class=\"__1 _c8\"></span>cabo <span class=\"__1 _c8\"></span>teniendo <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c8\"></span>consideraci\u00f3n <span class=\"__1 _c8\"> </span>el <span class=\"__1 _c8\"></span>tipo <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"></span>cliente<span class=\"__1 _6\"></span>, <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c8\"> </span>cobertura <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>s<span class=\"__1 _6\"></span>eguro <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>cr\u00e9dito<span class=\"__1 _1bc\"> </span>disponible,<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>as\u00ed <span class=\"__1 _70\"></span>como <span class=\"__1 _70\"></span>la <span class=\"__1 _70\"></span>experie<span class=\"__1 _6\"></span>ncia <span class=\"__1 _70\"></span>hist\u00f3rica <span class=\"__1 _70\"></span>ref<span class=\"__1 _6\"></span>erente <span class=\"__1 _70\"></span>al <span class=\"__1 _70\"></span>riesgo <span class=\"__1 _5\"></span>crediticio <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>los <span class=\"__1 _70\"></span>\u00fa<span class=\"__1 _6\"></span>ltimos <span class=\"__1 _70\"></span>cinco <span class=\"__1 _70\"></span>a\u00f1<span class=\"__1 _6\"></span>os. El <span class=\"__1 _70\"></span>modelo<span class=\"__1 _1bc\"> </span>incorpora <span class=\"__1 _8\"></span>como <span class=\"__1 _8\"></span>un <span class=\"__1 _4\"></span>umbral <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>m\u00e1s <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>180 <span class=\"__1 _8\"></span>d\u00edas<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>mora <span class=\"__1 _8\"></span>par<span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>consideraci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>ha <span class=\"__1 _8\"></span>prod<span class=\"__1 _6\"></span>ucido <span class=\"__1 _8\"></span>un<span class=\"__1 _1bc\"> </span>impago <span class=\"__1 _5\"></span>definitivo. Estos <span class=\"__1 _70\"></span>criterios son <span class=\"__1 _70\"></span>aplicados en <span class=\"__1 _70\"></span>ausencia de<span class=\"__1 _5\"></span> <span class=\"__1 _5\"></span>otras e<span class=\"__1 _5\"></span>videncias objetivas <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>incumplimiento,<span class=\"__1 _1bc\"> </span>como <span class=\"__1 _70\"></span>puedan<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>ser <span class=\"__1 _5\"></span>las <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>ituaciones <span class=\"__1 _70\"></span>concu<span class=\"__1 _6\"></span>rsales, <span class=\"__1 _5\"></span>etc. <span class=\"__1 _70\"></span><span class=\"ls18\">En <span class=\"__1 _5\"></span><span class=\"ls0_1\">los <span class=\"__1 _70\"></span>ejercicios 2023 <span class=\"__1 _70\"></span>y <span class=\"__1 _70\"></span>2022 <span class=\"__1 _5\"></span>no <span class=\"__1 _70\"></span>se han <span class=\"__1 _70\"></span>registrado <span class=\"__1 _5\"></span>importes<span class=\"__1 _1bc\"> </span></span></span>significativos p<span class=\"__1 _6\"></span>or este concepto en <span class=\"__1 _6\"></span>el Estado<span class=\"__1 _6\"></span> de Resultado con<span class=\"__1 _6\"></span>solidado<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span>Las <span class=\"__1 _6\"></span>dotaciones<span class=\"__1 _6\"></span> y<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>reversiones d<span class=\"__1 _6\"></span>e las<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>correcciones <span class=\"__1 _6\"></span>valorativas<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>por <span class=\"__1 _6\"></span>deterioro <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>valor <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>sald<span class=\"__1 _6\"></span>os <span class=\"__1 _6\"></span>comerciales <span class=\"__1 _6\"></span>a<span class=\"__1 _1bc\"> </span>cobrar <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>registran <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _4\"></span>ep\u00edgrafe <span class=\"__1 _4\"></span>\u201cDeterioro <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>valor <span class=\"__1 _4\"></span>sobre<span class=\"__1 _5\"></span> <span class=\"__1 _4\"></span>activos <span class=\"__1 _4\"></span>financieros\u201d <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>Estado <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>Resultado<span class=\"__1 _1bc\"> </span>consolidado.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-10": {
   "value": "3.4<span class=\"ff5\"> <span class=\"__1 _cc\"> </span></span><span class=\"fc3\">Activos biol\u00f3<span class=\"__1 _5\"></span>gicos<span class=\"__1 _1bc\"> </span></span><span class=\"fc3\"> </span>El <span class=\"__1 _8\"></span>Grupo <span class=\"__1 _8\"></span>cultiva <span class=\"__1 _4\"></span>diversas <span class=\"__1 _8\"></span>especies <span class=\"__1 _8\"></span>forestales, <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>rincipalmente <span class=\"__1 _8\"></span>eucaliptos<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>especies <span class=\"__1 _4\"></span>Globulus <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>Nitens,<span class=\"__1 _1bc\"> </span> utilizadas como <span class=\"__1 _70\"></span>materia prima <span class=\"__1 _70\"></span>en los <span class=\"__1 _70\"></span>pro<span class=\"__1 _6\"></span>cesos productivos <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>ENCE, o <span class=\"__1 _70\"></span>bien, para su <span class=\"__1 _70\"></span>venta a <span class=\"__1 _70\"></span>terceros. En <span class=\"__1 _70\"></span>este<span class=\"__1 _1bc\"> </span> sentido, <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>consideran <span class=\"__1 _6\"></span>act<span class=\"__1 _6\"></span>ivos <span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>iol\u00f3gicos <span class=\"__1 _8\"></span>los <span class=\"__1 _6\"></span>vu<span class=\"__1 _6\"></span>elos <span class=\"__1 _6\"></span>forestales. <span class=\"__1 _8\"></span>Los <span class=\"__1 _8\"></span>suelos <span class=\"__1 _8\"></span>forestales <span class=\"__1 _8\"></span>se <span class=\"__1 _6\"></span>valoran <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>acuerdo<span class=\"__1 _1bc\"> </span> con <span class=\"__1 _70\"></span>la NIC <span class=\"__1 _70\"></span>16 <span class=\"__1 _70\"></span>\u201cProp<span class=\"__1 _6\"></span>iedad, <span class=\"__1 _70\"></span>plan<span class=\"__1 _6\"></span>ta <span class=\"__1 _70\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>equipo\u201d y <span class=\"__1 _70\"></span>se <span class=\"__1 _70\"></span>registran e<span class=\"__1 _5\"></span>n <span class=\"__1 _5\"></span>dicho <span class=\"__1 _70\"></span>ep\u00edgraf<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>del <span class=\"__1 _5\"></span>Estado <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>Si<span class=\"__1 _6\"></span>tuaci\u00f3n <span class=\"__1 _5\"></span>Financiera<span class=\"__1 _1bc\"> </span> consolidado<span class=\"__1 _6\"></span> (v\u00e9ase Nota 3.3).<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> El <span class=\"__1 _4\"></span>Grupo <span class=\"__1 _4\"></span>valora <span class=\"__1 _4\"></span>sus <span class=\"__1 _4\"></span>activos <span class=\"__1 _4\"></span>biol\u00f3gicos <span class=\"__1 _8\"></span>a <span class=\"__1 _4\"></span>su<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>coste <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>ad<span class=\"__1 _6\"></span>quisici\u00f3n <span class=\"__1 _4\"></span>o <span class=\"__1 _4\"></span>producci\u00f3n, <span class=\"__1 _4\"></span>deducidos <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>agotamiento<span class=\"__1 _1bc\"> </span> forestal as\u00ed como, en s<span class=\"__1 _6\"></span>u caso, las p\u00e9rd<span class=\"__1 _6\"></span>idas por deterioro de valo<span class=\"__1 _6\"></span>r. <span class=\"__1 _6\"></span> La <span class=\"__1 _8\"></span>inversi\u00f3n <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>pat<span class=\"__1 _6\"></span>rimonio <span class=\"__1 _8\"></span>forestal <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>valora <span class=\"__1 _8\"></span>imputa<span class=\"__1 _6\"></span>ndo <span class=\"__1 _8\"></span>t<span class=\"__1 _8\"></span>odos <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>cos<span class=\"__1 _6\"></span>tes <span class=\"__1 _8\"></span>directamente <span class=\"__1 _8\"></span>incurrido<span class=\"__1 _6\"></span>s <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>la<span class=\"__1 _1bc\"> </span> adquisici\u00f3n y <span class=\"__1 _5\"></span>desarrollo de <span class=\"__1 _70\"></span>\u00e9ste; alquileres, <span class=\"__1 _5\"></span>limpieza y <span class=\"__1 _70\"></span>preparaci\u00f3<span class=\"__1 _6\"></span>n de <span class=\"__1 _70\"></span>terrenos<span class=\"__1 _6\"></span>, plantaciones, <span class=\"__1 _5\"></span>fertilizaciones,<span class=\"__1 _1bc\"> </span> cuidado <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>con<span class=\"__1 _6\"></span>servaci\u00f3n, <span class=\"__1 _4\"></span>etc. <span class=\"__1 _4\"></span>Asimismo, <span class=\"__1 _4\"></span>al <span class=\"__1 _4\"></span>tratars<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>activos <span class=\"__1 _4\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _4\"></span>necesitan <span class=\"__1 _4\"></span>m\u00e1s <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>1 <span class=\"__1 _4\"></span>a\u00f1<span class=\"__1 _6\"></span>o <span class=\"__1 _4\"></span>para <span class=\"__1 _4\"></span>est<span class=\"__1 _8\"></span>ar <span class=\"__1 _4\"></span>en<span class=\"__1 _1bc\"> </span> condiciones <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>uso, <span class=\"__1 _8\"></span>se <span class=\"__1 _6\"></span>incorporan <span class=\"__1 _8\"></span>como <span class=\"__1 _6\"></span>mayor <span class=\"__1 _8\"></span>valor <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>activ<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>gastos <span class=\"__1 _8\"></span>financieros <span class=\"__1 _6\"></span>devengado<span class=\"__1 _6\"></span>s <span class=\"__1 _6\"></span>has<span class=\"__1 _6\"></span>ta <span class=\"__1 _6\"></span>el<span class=\"__1 _1bc\"> </span> momento <span class=\"__1 _cb\"> </span>de  la  corta, <span class=\"__1 _cb\"> </span>por  la <span class=\"__1 _cb\"> </span>parte  de <span class=\"__1 _cb\"> </span>la  inversi\u00f3n <span class=\"__1 _cb\"> </span>que  s<span class=\"__1 _6\"></span>e  cons<span class=\"__1 _6\"></span>idera  financiad<span class=\"__1 _6\"></span>a  co<span class=\"__1 _6\"></span>n <span class=\"__1 _cb\"> </span>recursos  ajenos<span class=\"__1 _1bc\"> </span> (actualmente <span class=\"__1 _8\"></span>poco <span class=\"__1 _8\"></span>represent<span class=\"__1 _6\"></span>ativa). <span class=\"__1 _8\"></span>La <span class=\"__1 _8\"></span>tasa <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>nter\u00e9s <span class=\"__1 _8\"></span>utilizada <span class=\"__1 _8\"></span>es <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>tasa <span class=\"__1 _8\"></span>media <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>financiaci\u00f3n <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>Grupo<span class=\"__1 _1bc\"> </span> (v\u00e9ase Nota 28).  El <span class=\"__1 _4\"></span>tiem<span class=\"__1 _5\"></span>po <span class=\"__1 _4\"></span>que <span class=\"__1 _8\"></span>trans<span class=\"__1 _6\"></span>curre <span class=\"__1 _4\"></span>desde <span class=\"__1 _8\"></span>que <span class=\"__1 _4\"></span>se <span class=\"__1 _8\"></span>lleva <span class=\"__1 _4\"></span>a <span class=\"__1 _8\"></span>cabo <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>plantaci\u00f3n <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>un <span class=\"__1 _8\"></span>eucaliptal <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>pen\u00ednsula <span class=\"__1 _4\"></span>ib\u00e9rica<span class=\"__1 _1bc\"> </span> hasta <span class=\"__1 _70\"></span>qu<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>econ\u00f3micamente <span class=\"__1 _70\"></span>es<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>recomendable <span class=\"__1 _70\"></span>su<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>destoconado<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>y <span class=\"__1 _70\"></span>posterior <span class=\"__1 _70\"></span>repl<span class=\"__1 _6\"></span>an<span class=\"__1 _6\"></span>taci\u00f3n <span class=\"__1 _70\"></span>es <span class=\"__1 _70\"></span>v<span class=\"__1 _6\"></span>ariable <span class=\"__1 _70\"></span>en <span class=\"__1 _5\"></span>funci\u00f3n<span class=\"__1 _1bc\"> </span> de <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>especie. <span class=\"__1 _6\"></span>As\u00ed, <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>esp<span class=\"__1 _6\"></span>ecie <span class=\"__1 _6\"></span>Globulus, <span class=\"__1 _6\"></span>este <span class=\"__1 _6\"></span>per<span class=\"__1 _6\"></span>\u00edodo <span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>aproximadam<span class=\"__1 _6\"></span>ente 3<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>-4<span class=\"__1 _6\"></span>0 <span class=\"__1 _6\"></span>a\u00f1os <span class=\"__1 _6\"></span>ya <span class=\"__1 _6\"></span>qu<span class=\"__1 _6\"></span>e el <span class=\"__1 _6\"></span>\u00e1rbol<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> rebrota <span class=\"__1 _4\"></span>tras <span class=\"__1 _4\"></span>su <span class=\"__1 _4\"></span>corta <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>forma <span class=\"__1 _4\"></span>eficiente <span class=\"__1 _4\"></span>al <span class=\"__1 _4\"></span>menos <span class=\"__1 _4\"></span>2 <span class=\"__1 _4\"></span>v<span class=\"__1 _6\"></span>eces <span class=\"__1 _4\"></span>tras <span class=\"__1 _4\"></span>su <span class=\"__1 _4\"></span>aprovechamiento. <span class=\"__1 _4\"></span>En <span class=\"__1 _c8\"></span>este <span class=\"__1 _4\"></span>sentido, <span class=\"__1 _4\"></span>los<span class=\"__1 _1bc\"> </span> costes <span class=\"__1 _4\"></span>incurridos <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>desarrollo <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>activos <span class=\"__1 _4\"></span>biol\u00f3gicos <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>agrupan <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>dos <span class=\"__1 _8\"></span>cat<span class=\"__1 _6\"></span>egor\u00edas; <span class=\"__1 _4\"></span>costes <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>cic<span class=\"__1 _5\"></span>lo,<span class=\"__1 _1bc\"> </span> categor\u00eda  que  incluy<span class=\"__1 _6\"></span>e  los  co<span class=\"__1 _6\"></span>stes  incurrido<span class=\"__1 _6\"></span>s,  principalmente  asociado<span class=\"__1 _6\"></span>s  al  proces<span class=\"__1 _6\"></span>o  de  plantaci\u00f3n  y<span class=\"__1 _6\"></span>  que<span class=\"__1 _1bc\"> </span> contribuir\u00e1n al <span class=\"__1 _70\"></span>desarro<span class=\"__1 _6\"></span>llo <span class=\"__1 _5\"></span>del activo <span class=\"__1 _70\"></span>biol\u00f3gico durante <span class=\"__1 _70\"></span>el ciclo completo <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _5\"></span>35-40 a\u00f1os, <span class=\"__1 _70\"></span>y costes de <span class=\"__1 _70\"></span>turno que<span class=\"__1 _1bc\"> </span> son <span class=\"__1 _6\"></span>aquellos que <span class=\"__1 _6\"></span>contribuyen al <span class=\"__1 _6\"></span>desarrollo <span class=\"__1 _6\"></span>de los <span class=\"__1 _6\"></span>activos biol\u00f3gicos <span class=\"__1 _6\"></span>en el <span class=\"__1 _6\"></span>turno <span class=\"__1 _6\"></span>en que s<span class=\"__1 _6\"></span>e encuentran <span class=\"__1 _6\"></span>hasta<span class=\"__1 _1bc\"> </span> el <span class=\"__1 _4\"></span>momento <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>aprovechamiento<span class=\"__1 _6\"></span>-corta. <span class=\"__1 _4\"></span>Por <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>u <span class=\"__1 _4\"></span>parte, <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>especie <span class=\"__1 _4\"></span>Nitens <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>periodos <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>turno <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>c<span class=\"__1 _6\"></span>iclo<span class=\"__1 _1bc\"> </span> coinciden <span class=\"__1 _4\"></span>en <span class=\"__1 _c8\"></span>el <span class=\"__1 _4\"></span>ran<span class=\"__1 _6\"></span>go <span class=\"__1 _4\"></span>de <span class=\"__1 _c8\"></span>11-<span class=\"__1 _6\"></span>15 <span class=\"__1 _4\"></span>a\u00f1os<span class=\"__1 _6\"></span>, <span class=\"__1 _4\"></span>al <span class=\"__1 _c8\"></span>no <span class=\"__1 _4\"></span>prod<span class=\"__1 _6\"></span>ucirse <span class=\"__1 _4\"></span>un <span class=\"__1 _c8\"></span>rebrote <span class=\"__1 _4\"></span>eficiente, <span class=\"__1 _c8\"></span>por <span class=\"__1 _4\"></span>lo <span class=\"__1 _c8\"></span>que <span class=\"__1 _4\"></span>tod<span class=\"__1 _6\"></span>os <span class=\"__1 _4\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>costes<span class=\"__1 _1bc\"> </span> considerados en<span class=\"__1 _6\"></span> su desarrollo son con<span class=\"__1 _6\"></span>siderados costes de turn<span class=\"__1 _6\"></span>o. <span class=\"__1 _6\"></span> En e<span class=\"__1 _5\"></span>l <span class=\"__1 _5\"></span>momento <span class=\"__1 _70\"></span>de la <span class=\"__1 _70\"></span>recolec<span class=\"__1 _6\"></span>ci\u00f3n del <span class=\"__1 _70\"></span>vuelo forestal <span class=\"__1 _70\"></span>se reduce <span class=\"__1 _70\"></span>el <span class=\"__1 _5\"></span>valor <span class=\"__1 _5\"></span>del <span class=\"__1 _5\"></span>activo <span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span><span class=\"ff6\">trav\u00e9s de<span class=\"__1 _5\"></span> <span class=\"__1 _5\"></span>la <span class=\"__1 _5\"></span>cuenta <span class=\"__1 _5\"></span>\u201cActivos<span class=\"__1 _1bc\"> </span></span><span class=\"ff6\"> </span>biol\u00f3gicos <span class=\"__1 _8\"></span><span class=\"ff6\">\u2013</span> <span class=\"__1 _8\"></span><span class=\"ff6\">agotamiento <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>reserva <span class=\"__1 _8\"></span>forestal\u201d <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>se <span class=\"__1 _6\"></span>reconoce <span class=\"__1 _8\"></span>un <span class=\"__1 _8\"></span>gasto <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>ep\u00edgrafe <span class=\"__1 _6\"></span>\u201cAgotamiento <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la<span class=\"__1 _1bc\"> </span></span><span class=\"ff6\"> </span>reserva forestal\u201d del Estado <span class=\"__1 _5\"></span>de Resultado consolidado por e<span class=\"__1 _5\"></span>l coste incurrido en <span class=\"__1 _5\"></span>su producci\u00f3n. La cuant\u00eda de<span class=\"__1 _1bc\"> </span><span class=\"__1 _5\"></span> dicha <span class=\"__1 _70\"></span>redu<span class=\"__1 _6\"></span>cci\u00f3n <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>correspond<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>con <span class=\"__1 _5\"></span>el <span class=\"__1 _70\"></span>100% <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>costes<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>turno <span class=\"__1 _5\"></span>incurridos, <span class=\"__1 _5\"></span>as\u00ed <span class=\"__1 _70\"></span>como <span class=\"__1 _5\"></span>la <span class=\"__1 _70\"></span>parte <span class=\"__1 _5\"></span>proporcional<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>costes <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>ciclo, <span class=\"__1 _8\"></span>estimada <span class=\"__1 _6\"></span>consid<span class=\"__1 _6\"></span>erando <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>n\u00famero <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>turnos <span class=\"__1 _6\"></span>previstos <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>ciclo. <span class=\"__1 _6\"></span>Asimismo, <span class=\"__1 _6\"></span>cuan<span class=\"__1 _6\"></span>do el <span class=\"__1 _4\"></span>vuelo <span class=\"__1 _c8\"></span>forestal <span class=\"__1 _4\"></span>llega <span class=\"__1 _4\"></span>al <span class=\"__1 _c8\"></span>final <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>su <span class=\"__1 _c8\"></span>ciclo <span class=\"__1 _4\"></span>product<span class=\"__1 _8\"></span>ivo <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>da <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>baja <span class=\"__1 _c8\"></span>\u00edntegramente <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>val<span class=\"__1 _6\"></span>or <span class=\"__1 _c8\"></span>del <span class=\"__1 _4\"></span>activo <span class=\"__1 _c8\"></span>y <span class=\"__1 _4\"></span>su agotamiento forestal acumula<span class=\"__1 _6\"></span>do.<span class=\"__1 _6\"></span> No existe un mercado a<span class=\"__1 _6\"></span>ctivo del Eucalipto en E<span class=\"__1 _6\"></span>spa\u00f1a, y las caracter\u00edsticas de las t<span class=\"__1 _6\"></span>ransacciones que se llevan<span class=\"__1 _6\"></span> a  cabo  no <span class=\"__1 _ca\"> </span>han  permitido  hasta  la <span class=\"__1 _ca\"> </span>fecha  identificar  refe<span class=\"__1 _5\"></span>ren<span class=\"__1 _6\"></span>cias  de  precio  de  mercado  v\u00e1lidas  para <span class=\"__1 _c6\"> </span>s<span class=\"__1 _6\"></span>u<span class=\"__1 _1bc\"> </span> extrapolaci\u00f3n <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>patrimonio <span class=\"__1 _6\"></span>f<span class=\"__1 _6\"></span>orestal <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>ENCE. <span class=\"__1 _6\"></span>Por <span class=\"__1 _6\"></span>otra<span class=\"__1 _6\"></span> p<span class=\"__1 _6\"></span>arte, la <span class=\"__1 _6\"></span>aplicaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>m\u00e9todos<span class=\"__1 _6\"></span> alt<span class=\"__1 _6\"></span>ernativos <span class=\"__1 _6\"></span>que plantea <span class=\"__1 _c6\"> </span>N<span class=\"__1 _6\"></span>IIF <span class=\"__1 _c6\"> </span>13 <span class=\"__1 _c6\"> </span>p<span class=\"__1 _6\"></span>ara <span class=\"__1 _c6\"> </span>determinar  e<span class=\"__1 _5\"></span>l <span class=\"__1 _c6\"> </span>valor  razonable, <span class=\"__1 _c8\"> </span>n<span class=\"__1 _6\"></span>o <span class=\"__1 _c6\"> </span>ha <span class=\"__1 _c6\"> </span>p<span class=\"__1 _6\"></span>ermitido <span class=\"__1 _c6\"> </span>cuantificar  con <span class=\"__1 _c6\"> </span>fiabilidad <span class=\"__1 _c6\"> </span>el <span class=\"__1 _ca\"> </span>valor ra<span class=\"ls0_1\">zonable <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>los <span class=\"__1 _c8\"></span>activos <span class=\"__1 _4\"></span>biol\u00f3gicos, <span class=\"__1 _c8\"></span>debido <span class=\"__1 _c8\"></span>entre <span class=\"__1 _4\"></span>otros <span class=\"__1 _c8\"></span>factores, <span class=\"__1 _4\"></span>a <span class=\"__1 _c8\"></span>las <span class=\"__1 _4\"></span>asun<span class=\"__1 _6\"></span>ciones <span class=\"__1 _4\"></span>y <span class=\"__1 _c8\"></span>estimaciones <span class=\"__1 _4\"></span>que <span class=\"__1 _c8\"></span>se<span class=\"__1 _1bc\"> </span></span><span class=\"ls0_1\"> </span>deben llevar a <span class=\"__1 _6\"></span>cabo y al impac<span class=\"__1 _6\"></span>to que las<span class=\"__1 _6\"></span> mismas tienen en<span class=\"__1 _6\"></span> los resu<span class=\"__1 _6\"></span>ltados de la cu<span class=\"__1 _6\"></span>antificaci\u00f3n. <span class=\"__1 _6\"></span>Por todo ello,<span class=\"__1 _6\"></span> el Grupo no valo<span class=\"__1 _6\"></span>ra sus activos biol\u00f3<span class=\"__1 _6\"></span>gicos a<span class=\"__1 _6\"></span> valor razonable. ENCE ha desarrollado un modelo de valoraci\u00f3n de su patrimonio forestal a partir del <span class=\"__1 _5\"></span>descuento de los flujos futuros <span class=\"__1 _8\"></span>previs<span class=\"__1 _6\"></span>tos, <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>no <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>ha <span class=\"__1 _8\"></span>considerado <span class=\"__1 _8\"></span>lo <span class=\"__1 _8\"></span>suficientemente <span class=\"__1 _8\"></span>fiable <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>ara <span class=\"__1 _8\"></span>ser <span class=\"__1 _8\"></span>utilizado <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>valo<span class=\"__1 _6\"></span>raci\u00f3n <span class=\"__1 _8\"></span>a valor razonable <span class=\"__1 _5\"></span>de los <span class=\"__1 _70\"></span>activo<span class=\"__1 _6\"></span>s <span class=\"__1 _70\"></span>biol\u00f3<span class=\"__1 _6\"></span>gicos, si <span class=\"__1 _70\"></span>bien, su utilizaci<span class=\"__1 _5\"></span>\u00f3n consistente <span class=\"__1 _5\"></span>en e<span class=\"__1 _5\"></span>l tiem<span class=\"__1 _5\"></span>po s\u00ed <span class=\"__1 _70\"></span>permite identificar<span class=\"__1 _1bc\"> </span>rangos <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e v<span class=\"__1 _6\"></span>alor <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>tend<span class=\"__1 _6\"></span>encias <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>se <span class=\"__1 _8\"></span>tienen <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>consideraci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>evalu<span class=\"__1 _6\"></span>ar <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>existencia <span class=\"__1 _8\"></span>de pos<span class=\"__1 _6\"></span>ibles <span class=\"__1 _6\"></span>deterioros de valor en los a<span class=\"__1 _6\"></span>ctivos biol\u00f3gicos.<span class=\"__1 _1bc\"> </span> <span class=\"__1 _6\"></span> El <span class=\"__1 _c9\"> </span>valor <span class=\"__1 _c9\"> </span>en <span class=\"__1 _c9\"> </span>libros<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>de <span class=\"__1 _c9\"> </span>los <span class=\"__1 _c9\"> </span>activos <span class=\"__1 _c9\"> </span>biol\u00f3gicos<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>recogido <span class=\"__1 _c9\"> </span>en <span class=\"__1 _c9\"> </span>las <span class=\"__1 _c9\"> </span>cuentas <span class=\"__1 _cd\"> </span>anuales <span class=\"__1 _c9\"> </span>consolidadas <span class=\"__1 _c9\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _cb\"> </span>E<span class=\"__1 _6\"></span>NCE correspondientes <span class=\"__1 _4\"></span>al <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>jercicio <span class=\"__1 _4\"></span>2023 <span class=\"__1 _8\"></span>no<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>ifiere <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>forma <span class=\"__1 _4\"></span>significativa <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>v<span class=\"__1 _6\"></span>alor <span class=\"__1 _4\"></span>razonable <span class=\"__1 _4\"></span>que <span class=\"__1 _8\"></span>resultar\u00eda <span class=\"__1 _4\"></span>del ejercicio de valoraci\u00f3n realizado a partir del descuento de flujos futuro<span class=\"__1 _6\"></span>s previstos, siguiendo la metodolog\u00eda descrita en la Nota<span class=\"__1 _6\"></span> 3.5, y co<span class=\"__1 _6\"></span>nsideran<span class=\"__1 _6\"></span>do precios de venta<span class=\"__1 _6\"></span> de <span class=\"__1 _6\"></span>la madera alin<span class=\"__1 _6\"></span>eados con los<span class=\"__1 _6\"></span> precios actuales d<span class=\"__1 _6\"></span>e venta en <span class=\"__1 _6\"></span>el cas<span class=\"__1 _6\"></span>o de <span class=\"__1 _6\"></span>madera q<span class=\"__1 _6\"></span>ue tiene <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>destino <span class=\"__1 _6\"></span>su v<span class=\"__1 _6\"></span>enta a <span class=\"__1 _6\"></span>terceros, <span class=\"__1 _6\"></span>y con <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>precios <span class=\"__1 _6\"></span>de compra <span class=\"__1 _6\"></span>de las<span class=\"__1 _4\"></span> plantas d<span class=\"__1 _6\"></span>e producci\u00f3n de celulosa en el cas<span class=\"__1 _6\"></span>o de m<span class=\"__1 _6\"></span>adera del patrimonio foresta<span class=\"__1 _6\"></span>l con ese destino.<span class=\"__1 _1bc\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBiologicalAssetsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-590": {
   "value": "3.5<span class=\"ff5\"> <span class=\"__1 _cc\"> </span></span><span class=\"fc3\">Deterioro de valo<span class=\"__1 _5\"></span>r de activo<span class=\"__1 _5\"></span>s no financieros </span>El <span class=\"__1 _6\"></span>Grupo <span class=\"__1 _6\"></span>ENCE <span class=\"__1 _6\"></span>revisa, <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>menos <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>fecha d<span class=\"__1 _6\"></span>e cierre <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>cada <span class=\"__1 _6\"></span>ejercicio, <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>valor <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>sus <span class=\"__1 _6\"></span>activos<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>no finan<span class=\"__1 _6\"></span>cieros, entre los <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>se incluyen <span class=\"__1 _6\"></span>lo<span class=\"__1 _6\"></span>s activ<span class=\"__1 _6\"></span>os materiales, <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>activos p<span class=\"__1 _6\"></span>or derecho <span class=\"__1 _6\"></span>de us<span class=\"__1 _6\"></span>o, el <span class=\"__1 _6\"></span>fondo d<span class=\"__1 _6\"></span>e comercio <span class=\"__1 _6\"></span>junto a <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>otros <span class=\"__1 _8\"></span>activos <span class=\"__1 _8\"></span>intangibles<span class=\"__1 _6\"></span>, <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>activos <span class=\"__1 _8\"></span>biol\u00f3gicos,<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span><span class=\"ff6\">y <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>\u201cInversiones <span class=\"__1 _8\"></span>contab<span class=\"__1 _6\"></span>ilizadas <span class=\"__1 _8\"></span>por <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>m\u00e9todo <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>la </span>participaci\u00f3n\u201d<span class=\"ff4\"> <span class=\"__1 _8\"></span>para <span class=\"__1 _8\"></span>determinar <span class=\"__1 _8\"></span>si <span class=\"__1 _8\"></span>existe <span class=\"__1 _6\"></span>alg\u00fan<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>in<span class=\"__1 _6\"></span>dicio <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>qu<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>dicho<span class=\"__1 _6\"></span>s <span class=\"__1 _8\"></span>activos <span class=\"__1 _8\"></span>hayan <span class=\"__1 _6\"></span>su<span class=\"__1 _6\"></span>frido <span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>na <span class=\"__1 _8\"></span>p\u00e9rdida <span class=\"__1 _8\"></span>por </span>deterioro, y <span class=\"__1 _5\"></span>por tanto <span class=\"__1 _70\"></span>el valor <span class=\"__1 _5\"></span>que se <span class=\"__1 _70\"></span>esp<span class=\"__1 _6\"></span>era re<span class=\"__1 _5\"></span>cuperar de <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>u uso <span class=\"__1 _5\"></span>o <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>isposici\u00f3n es <span class=\"__1 _5\"></span>inferior <span class=\"__1 _70\"></span>a su valor <span class=\"__1 _5\"></span>en libros.<span class=\"__1 _70\"></span> <span class=\"__1 _8\"></span> ENCE <span class=\"__1 _cb\"> </span>utiliza <span class=\"__1 _cb\"> </span>tanto <span class=\"__1 _cb\"> </span>fuentes <span class=\"__1 _cb\"> </span>de <span class=\"__1 _cb\"> </span>informaci\u00f3n <span class=\"__1 _cb\"> </span>internas<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>como <span class=\"__1 _cb\"> </span>externas <span class=\"__1 _cb\"> </span>para <span class=\"__1 _cb\"> </span>evaluar <span class=\"__1 _cb\"> </span>posibles <span class=\"__1 _cb\"> </span>indicios <span class=\"__1 _cb\"> </span>de deterioro. <span class=\"__1 _ca\"> </span>Entre  las <span class=\"__1 _c6\"> </span>fuentes <span class=\"__1 _ca\"> </span>externas  se <span class=\"__1 _c6\"> </span>consideran  disminuciones <span class=\"__1 _c6\"> </span>del  valor <span class=\"__1 _c6\"> </span>de  me<span class=\"__1 _5\"></span>rcado  considerando transacciones comparables, <span class=\"__1 _70\"></span>la <span class=\"__1 _70\"></span>evoluci\u00f3n de <span class=\"__1 _70\"></span>los <span class=\"__1 _70\"></span>precios <span class=\"__1 _70\"></span>a f<span class=\"__1 _5\"></span>uturo <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>la <span class=\"__1 _70\"></span>celulosa y <span class=\"__1 _70\"></span>la <span class=\"__1 _70\"></span>energ\u00eda <span class=\"__1 _70\"></span>ren<span class=\"__1 _6\"></span>ovable, <span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>sibles cambios <span class=\"__1 _6\"></span>futu<span class=\"__1 _6\"></span>ros <span class=\"__1 _6\"></span>ad<span class=\"__1 _6\"></span>versos <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>entorno <span class=\"__1 _8\"></span>legal, <span class=\"__1 _6\"></span>econ<span class=\"__1 _6\"></span>\u00f3mico <span class=\"__1 _6\"></span>o <span class=\"__1 _8\"></span>tecnol\u00f3gico <span class=\"__1 _6\"></span>qu<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>pu<span class=\"__1 _6\"></span>dieran <span class=\"__1 _6\"></span>poner <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>manifiesto<span class=\"__1 _6\"></span> una <span class=\"__1 _c8\"></span>p\u00e9rdida <span class=\"__1 _c8\"> </span>del <span class=\"__1 _c8\"></span>valor <span class=\"__1 _4\"></span>recuperab<span class=\"__1 _6\"></span>le <span class=\"__1 _4\"></span>de <span class=\"__1 _c8\"> </span>sus<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>act<span class=\"__1 _6\"></span>ivos<span class=\"__1 _6\"></span>, <span class=\"__1 _c8\"></span>mermas <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>obrevenidas <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c8\"></span>la <span class=\"__1 _4\"></span>prod<span class=\"__1 _6\"></span>ucci\u00f3n <span class=\"__1 _4\"></span>esp<span class=\"__1 _6\"></span>erada <span class=\"__1 _c8\"></span>que persistan en el tiem<span class=\"__1 _5\"></span>po, o la ev<span class=\"__1 _5\"></span>oluci\u00f3n de variables macroecon\u00f3micas somo la inflaci\u00f3n y l<span class=\"__1 _5\"></span>os tipos de i<span class=\"__1 _5\"></span>nter\u00e9s<span class=\"__1 _6\"></span><span class=\"ls15\">. </span>Por su parte, internamente s<span class=\"__1 _6\"></span>e eval\u00faa si se ha produ<span class=\"__1 _6\"></span>cido un deterioro f\u00edsico u obso<span class=\"__1 _6\"></span>lescencia de los activos, o si el rendimiento del activo es<span class=\"__1 _6\"></span> peor de lo es<span class=\"__1 _6\"></span>perado.<span class=\"__1 _6\"></span> En <span class=\"__1 _c6\"> </span>caso <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>existir <span class=\"__1 _c6\"> </span>in<span class=\"__1 _6\"></span>dicios <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c6\"> </span>deterioro, <span class=\"__1 _c6\"> </span>se <span class=\"__1 _c6\"> </span>ll<span class=\"__1 _6\"></span>eva <span class=\"__1 _c6\"> </span>a <span class=\"__1 _c6\"> </span>cabo  una <span class=\"__1 _c8\"> </span>estimaci\u00f3n <span class=\"__1 _ca\"> </span>del <span class=\"__1 _c6\"> </span>importe <span class=\"__1 _c6\"> </span>recuperab<span class=\"__1 _6\"></span>le, <span class=\"__1 _c8\"> </span>p<span class=\"__1 _6\"></span>ara determinar, en <span class=\"__1 _70\"></span>su caso, <span class=\"__1 _70\"></span>el importe <span class=\"__1 _70\"></span>del deterioro. <span class=\"__1 _5\"></span>El <span class=\"__1 _5\"></span>importe recuperable <span class=\"__1 _70\"></span>es<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>el<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>mayor <span class=\"__1 _5\"></span>entre el <span class=\"__1 _70\"></span>valor razonable<span class=\"__1 _1bc\"> </span> minorado p<span class=\"__1 _6\"></span>or el cos<span class=\"__1 _6\"></span>te de su <span class=\"__1 _6\"></span>venta y <span class=\"__1 _6\"></span>el valor <span class=\"__1 _6\"></span>\u201cen uso\u201d. E<span class=\"__1 _6\"></span>n el caso <span class=\"__1 _6\"></span>de los<span class=\"__1 _8\"></span><span class=\"ff4\"> fondos <span class=\"__1 _6\"></span>de comercio E<span class=\"__1 _6\"></span>NCE realiza <span class=\"__1 _6\"></span>de </span>forma sistem\u00e1tica el an<span class=\"__1 _6\"></span>\u00e1lisis de recuperabilidad al m<span class=\"__1 _6\"></span>enos anualmente.<span class=\"__1 _8\"></span> Los <span class=\"__1 _6\"></span>valores <span class=\"__1 _6\"></span>\u201cen <span class=\"__1 _6\"></span>uso\u201d <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>determinan <span class=\"__1 _6\"></span>para <span class=\"__1 _6\"></span>cad<span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>Unidad <span class=\"__1 _6\"></span>Generadora <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>Efectivo <span class=\"__1 _6\"></span>(UGE). <span class=\"__1 _6\"></span>El <span class=\"__1 _6\"></span>fond<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>comercio adquirido en una <span class=\"__1 _6\"></span>combinaci\u00f3n de negocios se dis<span class=\"__1 _6\"></span>tribuye entre cada u<span class=\"__1 _6\"></span>na de las UGE que se benefician de las sinergias <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>co<span class=\"__1 _6\"></span>mbinaci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>negocios.<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>Con <span class=\"__1 _8\"></span>car\u00e1cter <span class=\"__1 _8\"></span>general, <span class=\"__1 _8\"></span>cada <span class=\"__1 _8\"></span>una <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>instalaciones <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>que <span class=\"__1 _6\"></span>el<span class=\"__1 _6\"></span> Grupo desarrolla s<span class=\"__1 _6\"></span>u actividad es una UGE.<span class=\"__1 _1bc\"> </span>Para determinar el valor en u<span class=\"__1 _6\"></span>so de los a<span class=\"__1 _6\"></span>ctivos s<span class=\"__1 _6\"></span>ometidos a test de deterioro, s<span class=\"__1 _6\"></span>e estima el valor act<span class=\"__1 _6\"></span>ual de los<span class=\"__1 _1bc\"> </span> flujos <span class=\"__1 _6\"></span>netos<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>caj<span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>originado<span class=\"__1 _6\"></span>s <span class=\"__1 _8\"></span>por <span class=\"__1 _6\"></span>cada <span class=\"__1 _8\"></span>UGE <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>as<span class=\"__1 _6\"></span>ocian <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>mismos, <span class=\"__1 _8\"></span>exceptuando <span class=\"__1 _8\"></span>aquellos <span class=\"__1 _6\"></span>flujo<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span> relacionados <span class=\"__1 _c8\"> </span>con<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>pagos <span class=\"__1 _c8\"> </span>o <span class=\"__1 _c6\"> </span>cobros <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>operaciones <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c8\"></span>financiaci\u00f3n <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c6\"> </span>los <span class=\"__1 _c8\"> </span>pagos <span class=\"__1 _c8\"> </span>por <span class=\"__1 _c6\"> </span>el <span class=\"__1 _c8\"></span>impue<span class=\"__1 _8\"></span>sto <span class=\"__1 _c8\"> </span>sobre <span class=\"__1 _c8\"> </span>los<span class=\"__1 _1bc\"> </span> beneficios, as\u00ed como aqu<span class=\"__1 _6\"></span>\u00e9llos que se deriven d<span class=\"__1 _6\"></span>e mejoras o reformas futuras<span class=\"__1 _6\"></span> previstas p<span class=\"__1 _6\"></span>ara los activos de las<span class=\"__1 _1bc\"> </span> citadas un<span class=\"__1 _6\"></span>idades generadoras de efectiv<span class=\"__1 _6\"></span>o.  Los <span class=\"__1 _6\"></span>flujos <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>caja <span class=\"__1 _6\"></span>estimad<span class=\"__1 _6\"></span>os <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>obtienen <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>proyecciones <span class=\"__1 _6\"></span>realizad<span class=\"__1 _6\"></span>as <span class=\"__1 _6\"></span>por <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>Direcci\u00f3n <span class=\"__1 _6\"></span>d<span class=\"__1 _8\"></span>e <span class=\"__1 _6\"></span>cada <span class=\"__1 _6\"></span>un<span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>las<span class=\"__1 _1bc\"> </span> UGE, que en ge<span class=\"__1 _5\"></span>neral utilizan periodos de 3-5 a\u00f1os, excepto cuando las caracter\u00edsticas del negocio <span class=\"__1 _5\"></span>aconsejan<span class=\"__1 _1bc\"> </span> periodos <span class=\"__1 _8\"></span>superiores. <span class=\"__1 _6\"></span>Las <span class=\"__1 _6\"></span>tas<span class=\"__1 _6\"></span>as d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>crecimiento <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>variaciones <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>precios <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>costes <span class=\"__1 _6\"></span>directos <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>e b<span class=\"__1 _6\"></span>asan <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>los<span class=\"__1 _1bc\"> </span> compromisos contractuales <span class=\"__1 _5\"></span>firmes, <span class=\"__1 _70\"></span>la informaci\u00f3n <span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>\u00fablica disponible, <span class=\"__1 _70\"></span>as<span class=\"__1 _6\"></span>\u00ed <span class=\"__1 _70\"></span>como en <span class=\"__1 _70\"></span>las previ<span class=\"__1 _5\"></span>siones sectoriales<span class=\"__1 _1bc\"> </span> y <span class=\"__1 _70\"></span>la <span class=\"__1 _5\"></span>experiencia <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>ENCE. <span class=\"__1 _70\"></span>Ad<span class=\"__1 _6\"></span>icionalmente, <span class=\"__1 _5\"></span>se <span class=\"__1 _70\"></span>realizan <span class=\"__1 _5\"></span>an\u00e1lisis de <span class=\"__1 _70\"></span>sensibilidad <span class=\"__1 _5\"></span>en <span class=\"__1 _70\"></span>relaci\u00f3n <span class=\"__1 _5\"></span>con <span class=\"__1 _70\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>crecimientos<span class=\"__1 _1bc\"> </span> de <span class=\"__1 _4\"></span>in<span class=\"__1 _6\"></span>gresos, <span class=\"__1 _c8\"></span>m\u00e1rgenes <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"></span>explotaci\u00f3n <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c8\"> </span>tasas <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"></span>descuent<span class=\"__1 _6\"></span>o,<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>con<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>el <span class=\"__1 _4\"></span>fin <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"></span>prever <span class=\"__1 _c8\"></span>el <span class=\"__1 _4\"></span>i<span class=\"__1 _6\"></span>mpacto <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"></span>futuros<span class=\"__1 _1bc\"> </span> cambios en estas<span class=\"__1 _6\"></span> variables (v\u00e9ase Nota 1<span class=\"__1 _6\"></span>9).<span class=\"__1 _1bc\"> </span>En <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>caso <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>plantas <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>generaci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>energ\u00eda <span class=\"__1 _6\"></span>renovab<span class=\"__1 _6\"></span>le encuad<span class=\"__1 _6\"></span>radas <span class=\"__1 _6\"></span>en <span class=\"__1 _4\"></span>ENCE Renovables,<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>en las<span class=\"__1 _6\"></span> qu<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span> se <span class=\"__1 _70\"></span>puede <span class=\"__1 _70\"></span>prever <span class=\"__1 _70\"></span>con<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>cierto <span class=\"__1 _70\"></span>gra<span class=\"__1 _6\"></span>do <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>fiabilidad <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>us <span class=\"__1 _70\"></span>flujos <span class=\"__1 _70\"></span>ta<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>to <span class=\"__1 _70\"></span>en <span class=\"__1 _70\"></span>la <span class=\"__1 _70\"></span>fase<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>construcci\u00f3n <span class=\"__1 _70\"></span>co<span class=\"__1 _6\"></span>mo <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>explot<span class=\"__1 _6\"></span>aci\u00f3n<span class=\"__1 _1bc\"> </span> (activos <span class=\"__1 _cb\"> </span>con  producci\u00f3n <span class=\"__1 _cb\"> </span>est<span class=\"__1 _5\"></span>able,  amp<span class=\"__1 _6\"></span>lias  s<span class=\"__1 _6\"></span>eries  hist\u00f3<span class=\"__1 _6\"></span>ricas  en <span class=\"__1 _cb\"> </span>la  informaci\u00f3n  de <span class=\"__1 _cb\"> </span>m<span class=\"__1 _5\"></span>ercado <span class=\"__1 _cb\"> </span>y  costes <span class=\"__1 _cb\"> </span>de<span class=\"__1 _1bc\"> </span><span class=\"__1 _70\"></span> explotaci\u00f3n con<span class=\"__1 _6\"></span> poca <span class=\"__1 _6\"></span>volatilidad<span class=\"__1 _6\"></span>), se <span class=\"__1 _6\"></span>realiza u<span class=\"__1 _6\"></span>na pro<span class=\"__1 _6\"></span>yecci\u00f3n <span class=\"__1 _6\"></span>de los <span class=\"__1 _6\"></span>flujos <span class=\"__1 _6\"></span>de caja <span class=\"__1 _6\"></span>esperado<span class=\"__1 _6\"></span>s <span class=\"__1 _6\"></span>hasta <span class=\"__1 _6\"></span>el fina<span class=\"__1 _8\"></span>l <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span> la vida <span class=\"__1 _5\"></span>\u00fatil regulatoria <span class=\"__1 _5\"></span>de cada planta, <span class=\"__1 _5\"></span>y el <span class=\"__1 _70\"></span>valo<span class=\"__1 _6\"></span>r re<span class=\"__1 _5\"></span>sidual no es <span class=\"__1 _5\"></span>significativo. Por su <span class=\"__1 _5\"></span>parte, las <span class=\"__1 _5\"></span>proyecciones de<span class=\"__1 _1bc\"> </span> flujos de caja esperados en ac<span class=\"__1 _70\"></span>tiv<span class=\"__1 _6\"></span>os biol\u00f3gicos abarcan un ciclo <span class=\"__1 _5\"></span>productivo<span class=\"__1 _6\"></span> que <span class=\"__1 _5\"></span>puede alcanzar hasta 40 <span class=\"__1 _5\"></span>a\u00f1os<span class=\"__1 _1bc\"> </span> e igualmente no s<span class=\"__1 _6\"></span>e considera v<span class=\"__1 _6\"></span>alor residual.<span class=\"__1 _1bc\"> </span> Para <span class=\"__1 _6\"></span>actualizar<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>flujos <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>efectivo <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>utiliza <span class=\"__1 _8\"></span>una <span class=\"__1 _6\"></span>tas<span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>descuento <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>incluy<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>las <span class=\"__1 _8\"></span>evaluaciones <span class=\"__1 _6\"></span>actu<span class=\"__1 _6\"></span>ales<span class=\"__1 _1bc\"> </span> del mercado sob<span class=\"__1 _6\"></span>re el valor temporal del dinero y<span class=\"__1 _6\"></span> los riesgos es<span class=\"__1 _6\"></span>pec\u00edficos de cada UGE. <span class=\"__1 _8\"></span> Si se <span class=\"__1 _6\"></span>estima que <span class=\"__1 _6\"></span>el importe <span class=\"__1 _6\"></span>recuperable d<span class=\"__1 _6\"></span>e u<span class=\"__1 _6\"></span>n activo <span class=\"__1 _6\"></span>es inferior a <span class=\"__1 _6\"></span>su valor <span class=\"__1 _6\"></span>en libros, <span class=\"__1 _6\"></span>\u00e9ste \u00faltimo se <span class=\"__1 _6\"></span>reduce a<span class=\"__1 _1bc\"> </span> su <span class=\"__1 _c9\"> </span>importe <span class=\"__1 _cb\"> </span>recuperable <span class=\"__1 _c9\"> </span>reconociendo <span class=\"__1 _c9\"> </span>la <span class=\"__1 _cb\"> </span>minora<span class=\"__1 _6\"></span>ci\u00f3n <span class=\"__1 _cb\"> </span>de<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>v<span class=\"__1 _6\"></span>alor <span class=\"__1 _cb\"> </span>corresp<span class=\"__1 _6\"></span>ondiente <span class=\"__1 _cb\"> </span>a <span class=\"__1 _c9\"> </span>trav<span class=\"__1 _6\"></span>\u00e9s <span class=\"__1 _cb\"> </span>del <span class=\"__1 _c9\"> </span>ep\u00edgrafe<span class=\"__1 _1bc\"> </span> \u201cDeterioros <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>valor <span class=\"__1 _8\"></span>y <span class=\"__1 _4\"></span>re<span class=\"__1 _5\"></span>sultados<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>por <span class=\"__1 _4\"></span>enajenaci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>in<span class=\"__1 _6\"></span>movilizado\u201d <span class=\"__1 _4\"></span>del <span class=\"__1 _6\"></span>E<span class=\"__1 _6\"></span>stado <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>Resultad<span class=\"__1 _8\"></span><span class=\"ff4 ls19\">o <span class=\"__1 _8\"></span><span class=\"ls0_1\">consolida<span class=\"__1 _6\"></span>do<span class=\"ls15\">.<span class=\"__1 _1bc\"> </span></span></span></span><span class=\"ff4 ls19\"><span class=\"ls0_1\"><span class=\"ls15\"> </span></span></span>Las p\u00e9rdidas<span class=\"__1 _6\"></span> por deterioro son revers<span class=\"__1 _6\"></span>ibles, excepto las corresp<span class=\"__1 _6\"></span>ondientes a los<span class=\"__1 _6\"></span> fondos de comercio.<span class=\"__1 _1bc\"> </span><span class=\"__1 _8\"></span> Cuando <span class=\"__1 _4\"></span>una <span class=\"__1 _4\"></span>p\u00e9rdida <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>valo<span class=\"__1 _6\"></span>r <span class=\"__1 _8\"></span>revierte <span class=\"__1 _4\"></span>posteriormente, <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>importe <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>libros <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>UGE <span class=\"__1 _4\"></span>se<span class=\"__1 _5\"></span> <span class=\"__1 _4\"></span>incrementa <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>l<span class=\"__1 _5\"></span>a<span class=\"__1 _1bc\"> </span> estimaci\u00f3n revisada de su importe recuperable, pero de tal modo que <span class=\"__1 _5\"></span>el importe en libros incrementado no<span class=\"__1 _1bc\"> </span> supere <span class=\"__1 _c8\"> </span>el <span class=\"__1 _c8\"> </span>importe <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c8\"> </span>libros<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _c8\"> </span>se <span class=\"__1 _c6\"> </span>habr\u00eda <span class=\"__1 _c8\"> </span>determinado<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"> </span>no <span class=\"__1 _c8\"> </span>haberse <span class=\"__1 _c8\"> </span>reconocido<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>ninguna <span class=\"__1 _c8\"> </span>p<span class=\"__1 _6\"></span>\u00e9rdida <span class=\"__1 _c8\"></span>por<span class=\"__1 _1bc\"> </span> deterioro de valor par<span class=\"__1 _6\"></span>a la UGE en ejercicios a<span class=\"__1 _6\"></span>nteriores.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-596": {
   "value": "3.6  Arrendamientos  ENCE act\u00faa como arrendatario y concesionario de determinados activos, principalmente suelo industrial y  forestal, equipamiento industrial y veh\u00edculos. Un contrato contiene un arrendamiento, cuando se tiene el  derecho a dirigir el uso de un activo por un periodo de tiempo a cambio de una contraprestaci\u00f3n.  Los arrendamientos se reconocen al inicio del arrendamiento, como un activo por el derecho de uso y el  correspondiente pasivo por el valor presente de las cuotas de arrendamiento pendientes de pago.  En  la  determinaci\u00f3n  del  plazo  de  arrendamiento,  se  considera  la  duraci\u00f3n  inicial  del  contrato  de  arrendamiento, as\u00ed como las pr\u00f3rrogas que se espera razonablemente que se van a producir y cuyo ejercicio  es discrecional para ENCE. En  la  determinaci\u00f3n  del  pasivo  por  el  derecho  de  uso  se  considera  el  valor  presente  de  las  cuotas  de  arrendamiento pendientes de pago, menos cualquier incentivo recibido por el arrendamiento, m\u00e1s los pagos  variables que dependen de un \u00edndice o tasa, los importes que se espera pagar por garant\u00eda de valor residual, el  precio  de  la  opci\u00f3n  de  compra  si  se  prev\u00e9  que  se  ejercitar\u00e1  y  los  pagos  por  indemnizaciones  por  cancelaci\u00f3n  de  contrato,  siempre  que  el  plazo  de  arrendamiento  refleje  el  ejercicio  de  la  opci\u00f3n  de  cancelaci\u00f3n. Las cuotas son actualizadas considerando la tasa incremental de endeudamiento estimada, que  es la que tendr\u00eda que pagar un arrendatario al inicio del arrendamiento por un pr\u00e9stamo similar en cuanto a  importe, plazo y garant\u00edas.  Tras el reconocimiento inicial, el Grupo valora el pasivo por arrendamiento increment\u00e1ndolo por el gasto  financiero  devengado,  disminuy\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.  Por su parte, el activo por el derecho de uso se valora inicialmente al valor resultante de a\u00f1adir al valor del  pasivo por arrendamiento, los pagos de incentivos liquidados antes del inicio del arrendamiento, los costes  directos  incurridos  en  el  arrendamiento,  y  en  su  caso,  la  estimaci\u00f3n  de  los  costes  a  incurrir  en  el  desmantelamiento del activo (coste inicial), menos cualquier incentivo recibido. Posteriormente, se registra al valor inicial, menos la amortizaci\u00f3n acumulada y cualquier p\u00e9rdida por deterioro de valor de acuerdo con  NIC-16- Propiedad, planta y equipo (v\u00e9anse Notas 3.2 y 3.5).  En la determinaci\u00f3n del gasto por amortizaci\u00f3n, los activos por derechos de uso se amortizar\u00e1n linealmente  en su vida \u00fatil estimada, o bien, en el plazo de arrendamiento, si este \u00faltimo es menor. Si se transfiere la  propiedad al arrendatario o es pr\u00e1cticamente cierto que el arrendatario ejercitar\u00e1 la opci\u00f3n de compra, se  amortizar\u00e1 durante la vida \u00fatil del activo.  Los pagos asociados con arrendamientos a corto plazo (inferiores a 12 meses) y arrendamientos de activos  de escaso valor (activo con un valor inferior a 5.000 euros) se reconocen directamente como un gasto en  resultados de acuerdo a su devengo. Asimismo, las rentas contingentes sujetas a la ocurrencia de un evento  espec\u00edfico y las cuotas variables que dependen de los ingresos o del uso del activo subyacente, residuales en  los contratos suscritos por ENCE, se registran en el momento en el que se incurren, en el ep\u00edgrafe \u201cServicios  exteriores-Arrendamientos\u201d del Estado de Resultado consolidado en lugar de formar parte del pasivo del  arrendamiento.  El pasivo por arrendamiento se revaluar\u00e1 siempre que existan modificaciones posteriores al contrato que  alteren  el  plazo  del  arrendamiento  o  bien  el  alcance  del  contrato  (cambios  en  los  pagos  futuros  por  actualizaci\u00f3n  de  los  \u00edndices  indicados  en  el  contrato,  modificaciones  de  cuotas  futuras,  cambios  en  las  expectativas de ejercicio de la opci\u00f3n de compra, etc). En esta situaci\u00f3n, el Grupo registrar\u00e1 las restimaciones  del pasivo como un ajuste al activo por derecho de uso, hasta que \u00e9ste se reduce a cero, y posteriormente  en resultados.  ENCE subarrienda maquinaria forestal previamente arrendada. En estas situaciones, se analiza si se han  transferido al subarrendatario los riesgos y beneficios asociados al activo objeto del subarriendo. En esa  situaci\u00f3n,  se  da  de  baja  en  cuentas  el  activo  por  derecho  de  uso  y  se  reconoce  un  activo  financiero  correspondiente a la inversi\u00f3n neta en el subarrendamiento.  ENCE clasifica los activos por derecho de uso atendiendo a la naturaleza del activo arrendado, en el ep\u00edgrafe  \u201cPropiedad,  planta  y  equipo\u201d  del  Estado  de  Situaci\u00f3n  Financiera  consolidado,  y  clasifica  el  pasivo  por  arrendamiento en el ep\u00edgrafe \u201cDeuda financiera \u2013 Otros pasivos financieros\u201d del pasivo a largo y corto plazo  del Estado de Situaci\u00f3n Financiera consolidado.  Con relaci\u00f3n al estado de flujos de efectivo, el Grupo registra los pagos de principal por los contratos de  arrendamiento dentro de los \u201cFlujos neto de efectivo de las actividades de financiaci\u00f3n\u201d, as\u00ed como el registro  de  los  intereses  relacionados  con  dichos  contratos  dentro  del  ep\u00edgrafe  \u201cFlujos  netos  de  efectivo  de  las  actividades de explotaci\u00f3n\u201d. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-582": {
   "value": "3.7  Activos y pasivos financieros ENCE valora y clasifica sus instrumentos financieros de acuerdo con NIIF-9 Instrumentos Financieros. En este sentido: Activos financieros  En el momento de reconocimiento inicial, ENCE valora un activo financiero a su valor razonable, valor que incluye  los  costes  de  la  transacci\u00f3n  que  sean  directamente  atribuibles  a  la  adquisici\u00f3n  del  activo. Excepcionalmente,  los  costes  de  transacci\u00f3n  correspondientes  a  activos  financieros  valorados  a  valor razonable con cambios en resultados se imputan directamente a resultados. Con  posterioridad  a  su  reconocimiento  inicial,  ENCE  clasifica  sus  activos  financieros  en  las  siguientes categor\u00edas; 1) a coste amortizado, 2) a valor razonable con cambios en resultados, o bien, 3) a valor razonable con  cambios  en  otro  resultado  global.  La  clasificaci\u00f3n  depende  del  modelo  de  negocio  de  ENCE  para gestionar los activos financieros y los t\u00e9rminos contractuales de los flujos de efectivo:  i.  Coste amortizado usando el m\u00e9todo del tipo de inter\u00e9s efectivo: se clasifican en esta categor\u00eda los activos que se mantienen para el cobro de flujos de efectivo previstos en el contrato, y esos flujos de efectivo representan s\u00f3lo cobros de principal e intereses.  Una ganancia o p\u00e9rdida en una inversi\u00f3n que se valore a coste amortizado y no sea parte de una relaci\u00f3n de cobertura se reconoce en el resultado del ejercicio cuando el activo se da de baja o se deteriora. Los ingresos por intereses de estos activos financieros se reconocen como ingresos financieros en el Estado de Resultado consolidado de acuerdo a su devengo, aplicando el m\u00e9todo del tipo de inter\u00e9s efectivo. En  esta  categor\u00eda  se  incluyen  \u201cDeudores  comerciales  y  otras  cuentas  a  cobrar\u201d,  \u201cOtras  inversiones financieras\u201d, \u201cy \u201cEfectivo y otros activos l\u00edquidos equivalentes\u201d, principalmente. El ep\u00edgrafe \u201cEfectivo y otros  activos  l\u00edquidos  equivalentes\u201d  recoge  saldos  en  tesorer\u00eda  e  inversiones  a  corto  plazo  de  gran liquidez que son f\u00e1cilmente convertibles en efectivo, con vencimientos originales de un m\u00e1ximo de tres meses, y que est\u00e1n sujetos a un riesgo de cambio de valor poco significativo. Las cuentas por cobrar a deudores comerciales propias del tr\u00e1fico habitual del Grupo se registran por su valor nominal, dado que su vencimiento es en general inferior a doce meses, corregido por las p\u00e9rdidas crediticias esperadas. En este cap\u00edtulo se ha seguido el modelo simplificado de p\u00e9rdida esperada basado en la experiencia hist\u00f3rica de p\u00e9rdidas crediticias. ii.  Valor razonable con cambios en resultados: dentro de esta categor\u00eda se incluyen los derivados que no cumplen las condiciones para considerarse como de cobertura de acuerdo con NIIF 9 \u2013 Instrumentos Financieros, los activos financieros que otras normas establezcan que deben valorarse a valor razonable con cargo a resultados, tales como las contraprestaciones contingentes en combinaciones de negocios y aquellos activos financieros que de valorarse de otra forma generar\u00edan una asimetr\u00eda contable.  Los cambios que se produzcan en su valor razonable se imputan cuando se producen en los ep\u00edgrafes \u201cGastos  financieros\u201d,  \u201cIngresos  financieros\u201d  o  \u201cVariaci\u00f3n  en  el  valor  razonable  de  instrumentos financieros\u201d, seg\u00fan corresponda, del Estado de Resultado consolidado. Los costes de transacci\u00f3n directamente atribuibles a la compra o emisi\u00f3n de este tipo  de activos se reconocen como un gasto en el Estado de Resultado consolidado a medida que se incurre en ellos. iii.  Activos financieros a valor razonable con cambios en otro resultado global: el Grupo no tiene activos clasificados en esta categor\u00eda. En el caso de participaciones en sociedades no cotizadas, poco relevantes, dado que el valor razonable no siempre es posible determinarlo de forma fiable, se valoran por su coste de adquisici\u00f3n, corregido por las evidencias de deterioro que pudieran existir.  Durante los ejercicios 2023 y 2022 no se han producido reclasificaciones de activos financieros entre las categor\u00edas definidas en los p\u00e1rrafos previos. Las compras y ventas de activos financieros se contabilizan utilizando la fecha de negociaci\u00f3n.  Deterioros de valor ENCE eval\u00faa sobre una base prospectiva las p\u00e9rdidas de cr\u00e9dito esperadas de sus activos valorados a coste  amortizado. En este sentido, ENCE aplica el enfoque general de c\u00e1lculo de la p\u00e9rdida esperada a sus activos  financieros a largo plazo, excepto los saldos comerciales y otras cuentas a cobrar sin componente financiero  significativo para los que aplica un enfoque simplificado.  Bajo el enfoque general, se consideran las p\u00e9rdidas crediticias esperadas en los pr\u00f3ximos doce meses, salvo  que el riesgo de cr\u00e9dito se haya incrementado de forma significativa desde su reconocimiento inicial, en  cuyo caso se considerar\u00e1n las p\u00e9rdidas esperadas durante la vida del activo. En la evaluaci\u00f3n de un cambio  significativo en el riesgo de cr\u00e9dito se utilizan variaciones de la calificaci\u00f3n crediticia obtenidas de fuentes  de mercado externas.  Bajo el enfoque simplificado, se consideran las p\u00e9rdidas crediticias esperadas durante la vida del activo.  Este  modelo se lleva a cabo teniendo  en consideraci\u00f3n  el tipo  de cliente,  la  cobertura  de  seguro de cr\u00e9dito  disponible, as\u00ed como la experiencia hist\u00f3rica referente al riesgo crediticio de los \u00faltimos cinco a\u00f1os. El modelo  incorpora como un umbral de m\u00e1s de 180 d\u00edas en mora para la consideraci\u00f3n de que se ha producido un  impago definitivo. Estos criterios son aplicados en ausencia de otras evidencias objetivas de incumplimiento,  como puedan ser las situaciones concursales, etc. En los ejercicios 2023 y 2022 no se han registrado importes  significativos por este concepto en el Estado de Resultado consolidado.  Las dotaciones y reversiones de las correcciones valorativas por deterioro de valor de saldos comerciales a  cobrar se registran en el ep\u00edgrafe \u201cDeterioro de valor sobre activos financieros\u201d del Estado de Resultado  consolidado. Registro de bajas - El Grupo reconoce la baja de los activos financieros cuando expiran o se han cedido los derechos sobre los flujos de efectivo del correspondiente activo financiero y se han transferido sustancialmente los riesgos y beneficios inherentes a su propiedad. La baja de un activo financiero implica el reconocimiento en el Estado de Resultado consolidado de la diferencia existente entre su valor contable y la suma de la contraprestaci\u00f3n recibida, neta de gastos de la transacci\u00f3n, incluy\u00e9ndose los activos obtenidos o pasivos asumidos y cualquier p\u00e9rdida o ganancia diferida en otro resultado global. En  este  sentido,  el  Grupo  en  funci\u00f3n  de  las  necesidades  coyunturales  de  tesorer\u00eda  realiza  cesiones  de cr\u00e9ditos de clientes a entidades financieras (factoring) y podr\u00e1 llevar a cabo titulizaciones de activos. En estas cesiones  de  derechos  de  cobro  se  transmiten  sustancialmente  los  riesgos  y  beneficios  inherentes  a  las  cuentas a cobrar, as\u00ed como  el control sobre \u00e9stas, sin que existan pactos de recompra suscritos con las entidades de cr\u00e9dito (cesiones sin recurso). Consecuentemente, de acuerdo con los criterios establecidos por las NIIF, se dan de baja del Estado de Situaci\u00f3n Financiera consolidado los saldos a cobrar de deudores vendidos en las condiciones indicadas.  Por el contrario, el Grupo no da de baja los activos financieros, y reconoce un pasivo financiero por un importe igual a la contraprestaci\u00f3n recibida, en las cesiones de activos financieros en las que se retenga sustancialmente los riesgos y beneficios inherentes a su propiedad.  Pasivos financieros  Son pasivos financieros aquellos d\u00e9bitos y partidas a pagar que tiene el Grupo y que se han originado en la compra de bienes y servicios por operaciones de tr\u00e1fico de la empresa, o tambi\u00e9n aquellos que, sin tener un  origen comercial, no pueden ser considerados como instrumentos financieros derivados, principalmente, deudas con entidades de cr\u00e9dito, bonos emitidos, etc. ENCE clasifica sus pasivos financieros en las siguientes categor\u00edas, con posterioridad a su reconocimiento inicial; 1) a coste amortizado, y 2) a valor razonable con cambios en resultados. En esta \u00faltima categor\u00eda se recogen b\u00e1sicamente las contraprestaciones contingentes que se puedan originar en las combinaciones de negocios, as\u00ed como los instrumentos financieros derivados que no son designados como instrumentos de cobertura de acuerdo con NIIF 9 \u2013 Instrumentos Financieros.  ENCE da de baja un pasivo financiero o una parte del mismo cuando ha cumplido con la obligaci\u00f3n contenida en el pasivo o bien est\u00e9 legalmente dispensado de la responsabilidad principal contenida en el pasivo. Obligaciones, bonos y deudas con entidades de cr\u00e9dito- Los pr\u00e9stamos, obligaciones y similares se registran inicialmente a valor razonable, valor que normalmente coincide con el efectivo recibido, neto de los costes incurridos en la transacci\u00f3n. En periodos posteriores, la totalidad de estas deudas se valora a su coste amortizado, utilizando el m\u00e9todo del tipo de inter\u00e9s efectivo. Los gastos financieros as\u00ed como los costes de estructuraci\u00f3n, se registran seg\u00fan el criterio del devengo en el Estado de Resultado consolidado utilizando el m\u00e9todo del inter\u00e9s efectivo.  En la emisi\u00f3n de bonos convertibles, ENCE analiza si se trata de una emisi\u00f3n de instrumentos financieros compuestos, o por el contrario, se trata de la emisi\u00f3n de un pasivo. En la emisi\u00f3n de instrumentos financieros compuestos con componentes de pasivo y patrimonio, el componente de patrimonio se determina por el importe residual que se obtiene, despu\u00e9s de deducir del valor razonable del instrumento en su conjunto, el importe del componente de pasivo. Por su parte, el componente de pasivo se determina estimando el valor razonable  de  un  instrumento  similar  en  la  fecha  de  emisi\u00f3n,  que  no  lleve  asociado  el  componente  de patrimonio.  Los  costes  de  transacci\u00f3n  relacionados  con  la  emisi\u00f3n  de  los  instrumentos  financieros compuestos se distribuyen en funci\u00f3n del valor contable relativo de cada uno de los componentes en el momento de la clasificaci\u00f3n.  Las operaciones  de refinanciaci\u00f3n  de deuda financiera se contabilizan  como  una  cancelaci\u00f3n  del pasivo financiero original y el reconocimiento de un nuevo pasivo financiero, siempre que los instrumentos tengan condiciones sustancialmente diferentes. Esto se produce cuando el valor actual de los flujos de efectivo descontados bajo las nuevas condiciones, incluyendo cualquier comisi\u00f3n pagada neta de cualquier comisi\u00f3n recibida, y utilizando para hacer el descuento el tipo de inter\u00e9s efectivo original, difiere al menos en un 10% del valor actual descontado de los flujos de efectivo que todav\u00eda resten del pasivo financiero original. Por su parte,  los  costes  de  estructuraci\u00f3n  pendientes  de  imputar  a  resultados  de  la  financiaci\u00f3n  cancelada  se imputan \u00edntegramente a resultados en el momento de la cancelaci\u00f3n. Si la operaci\u00f3n de refinanciaci\u00f3n no cumple los criterios descritos para registrarse como una cancelaci\u00f3n del pasivo  financiero  original,  los  flujos  modificados  se  descuentan  al  tipo  de  inter\u00e9s  efectivo  original, reconociendo en resultados cualquier diferencia con el valor contable previo. Los  gastos financieros, as\u00ed como los costes de estructuraci\u00f3n, se registran seg\u00fan el criterio del devengo  en el Estado de Resultado consolidado utilizando el m\u00e9todo del inter\u00e9s efectivo. La recompras de instrumentos de deuda implica que la deuda queda extinguida, incluso en el caso de que el emisor intente revenderlo en un futuro inmediato. Acreedores comerciales y otras cuentas a pagar - Los  acreedores  comerciales  y  otras  cuentas  a  pagar  derivados  de  operaciones  comerciales  son  pasivos financieros que en su mayor parte presentan vencimiento a corto plazo y no devengan intereses. Estos saldos se registran inicialmente a su valor razonable y posteriormente a su coste amortizado. El Grupo tiene contratadas con diversas entidades financieras operaciones de confirming para la gesti\u00f3n del pago a los proveedores. Los pasivos comerciales cuya liquidaci\u00f3n se encuentra gestionada por las entidades financieras se muestran en la partida de \u201cAcreedores comerciales y otras cuentas a pagar\u201d, y se clasifican en el Estado de Flujos de Efectivo consolidado como flujos de explotaci\u00f3n, en la medida en que ENCE s\u00f3lo haya cedido la gesti\u00f3n de pago a las entidades financieras, manteni\u00e9ndose como obligado primario al pago de las deudas frente a los acreedores comerciales (confirming sin recurso). En caso de que el obligado primario sea una entidad financiera, estas cesiones se tratan como deudas con entidades de cr\u00e9dito. Instrumentos de Patrimonio Un  instrumento  de  patrimonio  representa  una  participaci\u00f3n  residual  en  el  patrimonio  de  la  Sociedad Dominante, una vez deducidos todos sus pasivos. Los instrumentos de capital emitidos por ENCE se registran en el patrimonio neto por el importe recibido, neto de los gastos de emisi\u00f3n. Las acciones propias que adquiere ENCE se registran a su coste de adquisici\u00f3n, y se presentan minorando el patrimonio neto. Los resultados derivados de la compra, venta, emisi\u00f3n o amortizaci\u00f3n de los instrumentos del patrimonio propio se reconocen directamente en patrimonio neto, sin que en ning\u00fan caso se registre resultado alguno en el Estado de Resultado consolidado. La amortizaci\u00f3n de acciones de ENCE, da lugar a una reducci\u00f3n de capital por el importe del nominal de dichas acciones y la diferencia positiva o negativa entre el precio de adquisici\u00f3n y el nominal de las acciones se carga o abona a cuentas de reservas. Los dividendos a cuenta del resultado del ejercicio, as\u00ed como los dividendos complementarios pagados por ENCE minoran el Patrimonio Neto en el momento de su aprobaci\u00f3n. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-580": {
   "value": "Activos financieros En el momento de reconocimiento inicial, ENCE valora un activo financiero a su valor razonable, valor que incluye  los  costes  de  la  transacci\u00f3n  que  sean  directamente  atribuibles  a  la  adquisici\u00f3n  del  activo. Excepcionalmente,  los  costes  de  transacci\u00f3n  correspondientes  a  activos  financieros  valorados  a  valor razonable con cambios en resultados se imputan directamente a resultados. Con  posterioridad  a  su  reconocimiento  inicial,  ENCE  clasifica  sus  activos  financieros  en  las  siguientes categor\u00edas; 1) a coste amortizado, 2) a valor razonable con cambios en resultados, o bien, 3) a valor razonable con  cambios  en  otro  resultado  global.  La  clasificaci\u00f3n  depende  del  modelo  de  negocio  de  ENCE  para gestionar los activos financieros y los t\u00e9rminos contractuales de los flujos de efectivo:  i.  Coste amortizado usando el m\u00e9todo del tipo de inter\u00e9s efectivo: se clasifican en esta categor\u00eda los activos que se mantienen para el cobro de flujos de efectivo previstos en el contrato, y esos flujos de efectivo representan s\u00f3lo cobros de principal e intereses.  Una ganancia o p\u00e9rdida en una inversi\u00f3n que se valore a coste amortizado y no sea parte de una relaci\u00f3n de cobertura se reconoce en el resultado del ejercicio cuando el activo se da de baja o se deteriora. Los ingresos por intereses de estos activos financieros se reconocen como ingresos financieros en el Estado de Resultado consolidado de acuerdo a su devengo, aplicando el m\u00e9todo del tipo de inter\u00e9s efectivo. En  esta  categor\u00eda  se  incluyen  \u201cDeudores  comerciales  y  otras  cuentas  a  cobrar\u201d,  \u201cOtras  inversiones financieras\u201d, \u201cy \u201cEfectivo y otros activos l\u00edquidos equivalentes\u201d, principalmente. El ep\u00edgrafe \u201cEfectivo y otros  activos  l\u00edquidos  equivalentes\u201d  recoge  saldos  en  tesorer\u00eda  e  inversiones  a  corto  plazo  de  gran liquidez que son f\u00e1cilmente convertibles en efectivo, con vencimientos originales de un m\u00e1ximo de tres meses, y que est\u00e1n sujetos a un riesgo de cambio de valor poco significativo. Las cuentas por cobrar a deudores comerciales propias del tr\u00e1fico habitual del Grupo se registran por su valor nominal, dado que su vencimiento es en general inferior a doce meses, corregido por las p\u00e9rdidas crediticias esperadas. En este cap\u00edtulo se ha seguido el modelo simplificado de p\u00e9rdida esperada basado en la experiencia hist\u00f3rica de p\u00e9rdidas crediticias. ii.  Valor razonable con cambios en resultados: dentro de esta categor\u00eda se incluyen los derivados que no cumplen las condiciones para considerarse como de cobertura de acuerdo con NIIF 9 \u2013 Instrumentos Financieros, los activos financieros que otras normas establezcan que deben valorarse a valor razonable con cargo a resultados, tales como las contraprestaciones contingentes en combinaciones de negocios y aquellos activos financieros que de valorarse de otra forma generar\u00edan una asimetr\u00eda contable.  Los cambios que se produzcan en su valor razonable se imputan cuando se producen en los ep\u00edgrafes \u201cGastos  financieros\u201d,  \u201cIngresos  financieros\u201d  o  \u201cVariaci\u00f3n  en  el  valor  razonable  de  instrumentos financieros\u201d, seg\u00fan corresponda, del Estado de Resultado consolidado. Los costes de transacci\u00f3n directamente atribuibles a la compra o emisi\u00f3n de este tipo  de activos se reconocen como un gasto en el Estado de Resultado consolidado a medida que se incurre en ellos. iii.  Activos financieros a valor razonable con cambios en otro resultado global: el Grupo no tiene activos clasificados en esta categor\u00eda. En el caso de participaciones en sociedades no cotizadas, poco relevantes, dado que el valor razonable no siempre es posible determinarlo de forma fiable, se valoran por su coste de adquisici\u00f3n, corregido por las evidencias de deterioro que pudieran existir.  Durante los ejercicios 2023 y 2022 no se han producido reclasificaciones de activos financieros entre las categor\u00edas definidas en los p\u00e1rrafos previos. Las compras y ventas de activos financieros se contabilizan utilizando la fecha de negociaci\u00f3n.  Deterioros de valor ENCE eval\u00faa sobre una base prospectiva las p\u00e9rdidas de cr\u00e9dito esperadas de sus activos valorados a coste  amortizado. En este sentido, ENCE aplica el enfoque general de c\u00e1lculo de la p\u00e9rdida esperada a sus activos  financieros a largo plazo, excepto los saldos comerciales y otras cuentas a cobrar sin componente financiero  significativo para los que aplica un enfoque simplificado.  Bajo el enfoque general, se consideran las p\u00e9rdidas crediticias esperadas en los pr\u00f3ximos doce meses, salvo  que el riesgo de cr\u00e9dito se haya incrementado de forma significativa desde su reconocimiento inicial, en  cuyo caso se considerar\u00e1n las p\u00e9rdidas esperadas durante la vida del activo. En la evaluaci\u00f3n de un cambio  significativo en el riesgo de cr\u00e9dito se utilizan variaciones de la calificaci\u00f3n crediticia obtenidas de fuentes  de mercado externas.  Bajo el enfoque simplificado, se consideran las p\u00e9rdidas crediticias esperadas durante la vida del activo.  Este  modelo se lleva a cabo teniendo  en consideraci\u00f3n  el tipo  de cliente,  la  cobertura  de  seguro de cr\u00e9dito  disponible, as\u00ed como la experiencia hist\u00f3rica referente al riesgo crediticio de los \u00faltimos cinco a\u00f1os. El modelo  incorpora como un umbral de m\u00e1s de 180 d\u00edas en mora para la consideraci\u00f3n de que se ha producido un  impago definitivo. Estos criterios son aplicados en ausencia de otras evidencias objetivas de incumplimiento,  como puedan ser las situaciones concursales, etc. En los ejercicios 2023 y 2022 no se han registrado importes  significativos por este concepto en el Estado de Resultado consolidado.  Las dotaciones y reversiones de las correcciones valorativas por deterioro de valor de saldos comerciales a  cobrar se registran en el ep\u00edgrafe \u201cDeterioro de valor sobre activos financieros\u201d del Estado de Resultado  consolidado. Registro de bajas - El Grupo reconoce la baja de los activos financieros cuando expiran o se han cedido los derechos sobre los flujos de efectivo del correspondiente activo financiero y se han transferido sustancialmente los riesgos y beneficios inherentes a su propiedad. La baja de un activo financiero implica el reconocimiento en el Estado de Resultado consolidado de la diferencia existente entre su valor contable y la suma de la contraprestaci\u00f3n recibida, neta de gastos de la transacci\u00f3n, incluy\u00e9ndose los activos obtenidos o pasivos asumidos y cualquier p\u00e9rdida o ganancia diferida en otro resultado global. En  este  sentido,  el  Grupo  en  funci\u00f3n  de  las  necesidades  coyunturales  de  tesorer\u00eda  realiza  cesiones  de cr\u00e9ditos de clientes a entidades financieras (factoring) y podr\u00e1 llevar a cabo titulizaciones de activos. En estas cesiones  de  derechos  de  cobro  se  transmiten  sustancialmente  los  riesgos  y  beneficios  inherentes  a  las  cuentas a cobrar, as\u00ed como  el control sobre \u00e9stas, sin que existan pactos de recompra suscritos con las entidades de cr\u00e9dito (cesiones sin recurso). Consecuentemente, de acuerdo con los criterios establecidos por las NIIF, se dan de baja del Estado de Situaci\u00f3n Financiera consolidado los saldos a cobrar de deudores vendidos en las condiciones indicadas.  Por el contrario, el Grupo no da de baja los activos financieros, y reconoce un pasivo financiero por un importe igual a la contraprestaci\u00f3n recibida, en las cesiones de activos financieros en las que se retenga sustancialmente los riesgos y beneficios inherentes a su propiedad. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-579": {
   "value": "i.  Coste amortizado usando el m\u00e9todo del tipo de inter\u00e9s efectivo: se clasifican en esta categor\u00eda los activos que se mantienen para el cobro de flujos de efectivo previstos en el contrato, y esos flujos de efectivo representan s\u00f3lo cobros de principal e intereses.  Una ganancia o p\u00e9rdida en una inversi\u00f3n que se valore a coste amortizado y no sea parte de una relaci\u00f3n de cobertura se reconoce en el resultado del ejercicio cuando el activo se da de baja o se deteriora. Los ingresos por intereses de estos activos financieros se reconocen como ingresos financieros en el Estado de Resultado consolidado de acuerdo a su devengo, aplicando el m\u00e9todo del tipo de inter\u00e9s efectivo. En  esta  categor\u00eda  se  incluyen  \u201cDeudores  comerciales  y  otras  cuentas  a  cobrar\u201d,  \u201cOtras  inversiones financieras\u201d, \u201cy \u201cEfectivo y otros activos l\u00edquidos equivalentes\u201d, principalmente. El ep\u00edgrafe \u201cEfectivo y otros  activos  l\u00edquidos  equivalentes\u201d  recoge  saldos  en  tesorer\u00eda  e  inversiones  a  corto  plazo  de  gran liquidez que son f\u00e1cilmente convertibles en efectivo, con vencimientos originales de un m\u00e1ximo de tres meses, y que est\u00e1n sujetos a un riesgo de cambio de valor poco significativo. Las cuentas por cobrar a deudores comerciales propias del tr\u00e1fico habitual del Grupo se registran por su valor nominal, dado que su vencimiento es en general inferior a doce meses, corregido por las p\u00e9rdidas crediticias esperadas. En este cap\u00edtulo se ha seguido el modelo simplificado de p\u00e9rdida esperada basado en la experiencia hist\u00f3rica de p\u00e9rdidas crediticias. ii.  Valor razonable con cambios en resultados: dentro de esta categor\u00eda se incluyen los derivados que no cumplen las condiciones para considerarse como de cobertura de acuerdo con NIIF 9 \u2013 Instrumentos Financieros, los activos financieros que otras normas establezcan que deben valorarse a valor razonable con cargo a resultados, tales como las contraprestaciones contingentes en combinaciones de negocios y aquellos activos financieros que de valorarse de otra forma generar\u00edan una asimetr\u00eda contable.  Los cambios que se produzcan en su valor razonable se imputan cuando se producen en los ep\u00edgrafes \u201cGastos  financieros\u201d,  \u201cIngresos  financieros\u201d  o  \u201cVariaci\u00f3n  en  el  valor  razonable  de  instrumentos financieros\u201d, seg\u00fan corresponda, del Estado de Resultado consolidado. Los costes de transacci\u00f3n directamente atribuibles a la compra o emisi\u00f3n de este tipo  de activos se reconocen como un gasto en el Estado de Resultado consolidado a medida que se incurre en ellos. Los ingresos por intereses se reconocen siguiendo un criterio financiero, en funci\u00f3n del principal pendiente  de pago, el plazo hasta el vencimiento, y el tipo de inter\u00e9s efectivo aplicable.  Los gastos se reconocen en el Estado de Resultado consolidado de acuerdo a su devengo. Asimismo, se  reconoce un gasto de forma inmediata cuando no se prev\u00e9 que genere beneficios econ\u00f3micos futuros. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-605": {
   "value": "Coste amortizado usando el m\u00e9todo del tipo de inter\u00e9s efectivo: se clasifican en esta categor\u00eda los activos que se mantienen para el cobro de flujos de efectivo previstos en el contrato, y esos flujos de efectivo representan s\u00f3lo cobros de principal e intereses.  Una ganancia o p\u00e9rdida en una inversi\u00f3n que se valore a coste amortizado y no sea parte de una relaci\u00f3n de cobertura se reconoce en el resultado del ejercicio cuando el activo se da de baja o se deteriora. Los ingresos por intereses de estos activos financieros se reconocen como ingresos financieros en el Estado de Resultado consolidado de acuerdo a su devengo, aplicando el m\u00e9todo del tipo de inter\u00e9s efectivo. En  esta  categor\u00eda  se  incluyen  \u201cDeudores  comerciales  y  otras  cuentas  a  cobrar\u201d,  \u201cOtras  inversiones financieras\u201d, \u201cy \u201cEfectivo y otros activos l\u00edquidos equivalentes\u201d, principalmente. El ep\u00edgrafe \u201cEfectivo y otros  activos  l\u00edquidos  equivalentes\u201d  recoge  saldos  en  tesorer\u00eda  e  inversiones  a  corto  plazo  de  gran liquidez que son f\u00e1cilmente convertibles en efectivo, con vencimientos originales de un m\u00e1ximo de tres meses, y que est\u00e1n sujetos a un riesgo de cambio de valor poco significativo. Las cuentas por cobrar a deudores comerciales propias del tr\u00e1fico habitual del Grupo se registran por su valor nominal, dado que su vencimiento es en general inferior a doce meses, corregido por las p\u00e9rdidas crediticias esperadas. En este cap\u00edtulo se ha seguido el modelo simplificado de p\u00e9rdida esperada basado en la experiencia hist\u00f3rica de p\u00e9rdidas crediticias. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-597": {
   "value": "Coste amortizado usando el m\u00e9todo del tipo de inter\u00e9s efectivo: se clasifican en esta categor\u00eda los activos que se mantienen para el cobro de flujos de efectivo previstos en el contrato, y esos flujos de efectivo representan s\u00f3lo cobros de principal e intereses.  Una ganancia o p\u00e9rdida en una inversi\u00f3n que se valore a coste amortizado y no sea parte de una relaci\u00f3n de cobertura se reconoce en el resultado del ejercicio cuando el activo se da de baja o se deteriora. Los ingresos por intereses de estos activos financieros se reconocen como ingresos financieros en el Estado de Resultado consolidado de acuerdo a su devengo, aplicando el m\u00e9todo del tipo de inter\u00e9s efectivo. En  esta  categor\u00eda  se  incluyen  \u201cDeudores  comerciales  y  otras  cuentas  a  cobrar\u201d,  \u201cOtras  inversiones financieras\u201d, \u201cy \u201cEfectivo y otros activos l\u00edquidos equivalentes\u201d, principalmente. El ep\u00edgrafe \u201cEfectivo y otros  activos  l\u00edquidos  equivalentes\u201d  recoge  saldos  en  tesorer\u00eda  e  inversiones  a  corto  plazo  de  gran liquidez que son f\u00e1cilmente convertibles en efectivo, con vencimientos originales de un m\u00e1ximo de tres meses, y que est\u00e1n sujetos a un riesgo de cambio de valor poco significativo. Las cuentas por cobrar a deudores comerciales propias del tr\u00e1fico habitual del Grupo se registran por su valor nominal, dado que su vencimiento es en general inferior a doce meses, corregido por las p\u00e9rdidas crediticias esperadas. En este cap\u00edtulo se ha seguido el modelo simplificado de p\u00e9rdida esperada basado en la experiencia hist\u00f3rica de p\u00e9rdidas crediticias. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLoansAndReceivablesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-573": {
   "value": "Coste amortizado usando el m\u00e9todo del tipo de inter\u00e9s efectivo: se clasifican en esta categor\u00eda los activos que se mantienen para el cobro de flujos de efectivo previstos en el contrato, y esos flujos de efectivo representan s\u00f3lo cobros de principal e intereses.  Una ganancia o p\u00e9rdida en una inversi\u00f3n que se valore a coste amortizado y no sea parte de una relaci\u00f3n de cobertura se reconoce en el resultado del ejercicio cuando el activo se da de baja o se deteriora. Los ingresos por intereses de estos activos financieros se reconocen como ingresos financieros en el Estado de Resultado consolidado de acuerdo a su devengo, aplicando el m\u00e9todo del tipo de inter\u00e9s efectivo. En  esta  categor\u00eda  se  incluyen  \u201cDeudores  comerciales  y  otras  cuentas  a  cobrar\u201d,  \u201cOtras  inversiones financieras\u201d, \u201cy \u201cEfectivo y otros activos l\u00edquidos equivalentes\u201d, principalmente. El ep\u00edgrafe \u201cEfectivo y otros  activos  l\u00edquidos  equivalentes\u201d  recoge  saldos  en  tesorer\u00eda  e  inversiones  a  corto  plazo  de  gran liquidez que son f\u00e1cilmente convertibles en efectivo, con vencimientos originales de un m\u00e1ximo de tres meses, y que est\u00e1n sujetos a un riesgo de cambio de valor poco significativo. Las cuentas por cobrar a deudores comerciales propias del tr\u00e1fico habitual del Grupo se registran por su valor nominal, dado que su vencimiento es en general inferior a doce meses, corregido por las p\u00e9rdidas crediticias esperadas. En este cap\u00edtulo se ha seguido el modelo simplificado de p\u00e9rdida esperada basado en la experiencia hist\u00f3rica de p\u00e9rdidas crediticias. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-587": {
   "value": "ii.  Valor razonable con cambios en resultados: dentro de esta categor\u00eda se incluyen los derivados que no cumplen las condiciones para considerarse como de cobertura de acuerdo con NIIF 9 \u2013 Instrumentos Financieros, los activos financieros que otras normas establezcan que deben valorarse a valor razonable con cargo a resultados, tales como las contraprestaciones contingentes en combinaciones de negocios y aquellos activos financieros que de valorarse de otra forma generar\u00edan una asimetr\u00eda contable.  Los cambios que se produzcan en su valor razonable se imputan cuando se producen en los ep\u00edgrafes \u201cGastos  financieros\u201d,  \u201cIngresos  financieros\u201d  o  \u201cVariaci\u00f3n  en  el  valor  razonable  de  instrumentos financieros\u201d, seg\u00fan corresponda, del Estado de Resultado consolidado. Los costes de transacci\u00f3n directamente atribuibles a la compra o emisi\u00f3n de este tipo  de activos se reconocen como un gasto en el Estado de Resultado consolidado a medida que se incurre en ellos. ENCE clasifica sus pasivos financieros en las siguientes categor\u00edas, con posterioridad a su reconocimiento inicial; 1) a coste amortizado, y 2) a valor razonable con cambios en resultados. En esta \u00faltima categor\u00eda se recogen b\u00e1sicamente las contraprestaciones contingentes que se puedan originar en las combinaciones de negocios, as\u00ed como los instrumentos financieros derivados que no son designados como instrumentos de cobertura de acuerdo con NIIF 9 \u2013 Instrumentos Financieros.  Los pr\u00e9stamos, obligaciones y similares se registran inicialmente a valor razonable, valor que normalmente coincide con el efectivo recibido, neto de los costes incurridos en la transacci\u00f3n. En periodos posteriores, la totalidad de estas deudas se valora a su coste amortizado, utilizando el m\u00e9todo del tipo de inter\u00e9s efectivo. Los gastos financieros as\u00ed como los costes de estructuraci\u00f3n, se registran seg\u00fan el criterio del devengo en el Estado de Resultado consolidado utilizando el m\u00e9todo del inter\u00e9s efectivo. En la emisi\u00f3n de bonos convertibles, ENCE analiza si se trata de una emisi\u00f3n de instrumentos financieros compuestos, o por el contrario, se trata de la emisi\u00f3n de un pasivo. En la emisi\u00f3n de instrumentos financieros compuestos con componentes de pasivo y patrimonio, el componente de patrimonio se determina por el importe residual que se obtiene, despu\u00e9s de deducir del valor razonable del instrumento en su conjunto, el importe del componente de pasivo. Por su parte, el componente de pasivo se determina estimando el valor razonable  de  un  instrumento  similar  en  la  fecha  de  emisi\u00f3n,  que  no  lleve  asociado  el  componente  de patrimonio.  Los  costes  de  transacci\u00f3n  relacionados  con  la  emisi\u00f3n  de  los  instrumentos  financieros compuestos se distribuyen en funci\u00f3n del valor contable relativo de cada uno de los componentes en el momento de la clasificaci\u00f3n.  Los  acreedores  comerciales  y  otras  cuentas  a  pagar  derivados  de  operaciones  comerciales  son  pasivos financieros que en su mayor parte presentan vencimiento a corto plazo y no devengan intereses. Estos saldos se registran inicialmente a su valor razonable y posteriormente a su coste amortizado. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-591": {
   "value": "Deterioros de valor<span class=\"__1 _1bc\"> </span>-<span class=\"__1 _1bc\"> </span>ENCE ev<span class=\"__1 _6\"></span>al\u00faa s<span class=\"__1 _6\"></span>obre una <span class=\"__1 _6\"></span>base p<span class=\"__1 _6\"></span>rospectiva <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>p\u00e9rdidas <span class=\"__1 _6\"></span>de cr\u00e9dito <span class=\"__1 _6\"></span>esperadas <span class=\"__1 _6\"></span>de s<span class=\"__1 _6\"></span>us <span class=\"__1 _6\"></span>activos valorados<span class=\"__1 _6\"></span> a <span class=\"__1 _6\"></span>coste<span class=\"__1 _1bc\"> </span>amortizado. En es<span class=\"__1 _6\"></span>te sentido, ENCE ap<span class=\"__1 _6\"></span>lica el enfoque gener<span class=\"__1 _6\"></span>al de c\u00e1lculo de la p\u00e9rd<span class=\"__1 _6\"></span>ida esperada a s<span class=\"__1 _6\"></span>us activos<span class=\"__1 _1bc\"> </span>financieros a <span class=\"__1 _5\"></span>largo plazo, excepto <span class=\"__1 _5\"></span>los saldos comerciales y <span class=\"__1 _70\"></span>ot<span class=\"__1 _6\"></span>ras cuentas a <span class=\"__1 _5\"></span>cobrar sin <span class=\"__1 _5\"></span>componente financiero<span class=\"__1 _1bc\"> </span>significativo para <span class=\"__1 _6\"></span>los que aplica un enfoqu<span class=\"__1 _6\"></span>e simplificado.<span class=\"__1 _1bc\"> </span>Bajo el enfoque general, se consideran las p\u00e9rdidas<span class=\"__1 _6\"></span> crediticias esperadas en los pr\u00f3ximos doce meses, salvo<span class=\"__1 _1bc\"> </span>que <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>riesgo <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>cr\u00e9dito <span class=\"__1 _8\"></span>se <span class=\"__1 _4\"></span>haya <span class=\"__1 _4\"></span>incrementado <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>for<span class=\"__1 _6\"></span>ma <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>ignificativa <span class=\"__1 _4\"></span>desde <span class=\"__1 _8\"></span>su<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>reconocimiento <span class=\"__1 _4\"></span>inicial, <span class=\"__1 _8\"></span>en<span class=\"__1 _1bc\"> </span>cuyo cas<span class=\"__1 _6\"></span>o se <span class=\"__1 _6\"></span>considerar\u00e1n<span class=\"__1 _6\"></span> las <span class=\"__1 _6\"></span>p\u00e9rdidas <span class=\"__1 _6\"></span>esperadas<span class=\"__1 _6\"></span> duran<span class=\"__1 _6\"></span>te la <span class=\"__1 _6\"></span>vida <span class=\"__1 _6\"></span>del activo. <span class=\"__1 _6\"></span>En <span class=\"__1 _6\"></span>la evalu<span class=\"__1 _6\"></span>aci\u00f3n <span class=\"__1 _6\"></span>de un<span class=\"__1 _6\"></span> ca<span class=\"__1 _6\"></span>mbio<span class=\"__1 _1bc\"> </span>significativo <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>riesgo <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>cr<span class=\"__1 _6\"></span>\u00e9dito <span class=\"__1 _8\"></span>se <span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>tilizan <span class=\"__1 _8\"></span>variaciones<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>calificaci\u00f3n <span class=\"__1 _8\"></span>crediticia <span class=\"__1 _8\"></span>obtenida<span class=\"__1 _6\"></span>s <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>fuentes<span class=\"__1 _1bc\"> </span>de mercado externas<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span>Bajo <span class=\"__1 _5\"></span>el <span class=\"__1 _70\"></span>enfoqu<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>implificado, <span class=\"__1 _5\"></span>se <span class=\"__1 _5\"></span>consideran las <span class=\"__1 _70\"></span>p\u00e9rdidas cre<span class=\"__1 _5\"></span>diticias e<span class=\"__1 _5\"></span>speradas durante <span class=\"__1 _70\"></span>la <span class=\"__1 _5\"></span>vida <span class=\"__1 _5\"></span>del <span class=\"__1 _70\"></span>act<span class=\"__1 _6\"></span>ivo.  <span class=\"__1 _5\"></span>Este<span class=\"__1 _1bc\"> </span>modelo <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>ll<span class=\"__1 _6\"></span>eva <span class=\"__1 _c8\"></span>a <span class=\"__1 _c8\"></span>cabo <span class=\"__1 _c8\"></span>teniendo <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c8\"></span>consideraci\u00f3n <span class=\"__1 _c8\"> </span>el <span class=\"__1 _c8\"></span>tipo <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"></span>cliente<span class=\"__1 _6\"></span>, <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c8\"> </span>cobertura <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>s<span class=\"__1 _6\"></span>eguro <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>cr\u00e9dito<span class=\"__1 _1bc\"> </span>disponible,<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>as\u00ed <span class=\"__1 _70\"></span>como <span class=\"__1 _70\"></span>la <span class=\"__1 _70\"></span>experie<span class=\"__1 _6\"></span>ncia <span class=\"__1 _70\"></span>hist\u00f3rica <span class=\"__1 _70\"></span>ref<span class=\"__1 _6\"></span>erente <span class=\"__1 _70\"></span>al <span class=\"__1 _70\"></span>riesgo <span class=\"__1 _5\"></span>crediticio <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>los <span class=\"__1 _70\"></span>\u00fa<span class=\"__1 _6\"></span>ltimos <span class=\"__1 _70\"></span>cinco <span class=\"__1 _70\"></span>a\u00f1<span class=\"__1 _6\"></span>os. El <span class=\"__1 _70\"></span>modelo<span class=\"__1 _1bc\"> </span>incorpora <span class=\"__1 _8\"></span>como <span class=\"__1 _8\"></span>un <span class=\"__1 _4\"></span>umbral <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>m\u00e1s <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>180 <span class=\"__1 _8\"></span>d\u00edas<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>mora <span class=\"__1 _8\"></span>par<span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>consideraci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>ha <span class=\"__1 _8\"></span>prod<span class=\"__1 _6\"></span>ucido <span class=\"__1 _8\"></span>un<span class=\"__1 _1bc\"> </span>impago <span class=\"__1 _5\"></span>definitivo. Estos <span class=\"__1 _70\"></span>criterios son <span class=\"__1 _70\"></span>aplicados en <span class=\"__1 _70\"></span>ausencia de<span class=\"__1 _5\"></span> <span class=\"__1 _5\"></span>otras e<span class=\"__1 _5\"></span>videncias objetivas <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>incumplimiento,<span class=\"__1 _1bc\"> </span>como <span class=\"__1 _70\"></span>puedan<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>ser <span class=\"__1 _5\"></span>las <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>ituaciones <span class=\"__1 _70\"></span>concu<span class=\"__1 _6\"></span>rsales, <span class=\"__1 _5\"></span>etc. <span class=\"__1 _70\"></span><span class=\"ls18\">En <span class=\"__1 _5\"></span><span class=\"ls0_1\">los <span class=\"__1 _70\"></span>ejercicios 2023 <span class=\"__1 _70\"></span>y <span class=\"__1 _70\"></span>2022 <span class=\"__1 _5\"></span>no <span class=\"__1 _70\"></span>se han <span class=\"__1 _70\"></span>registrado <span class=\"__1 _5\"></span>importes<span class=\"__1 _1bc\"> </span></span></span>significativos p<span class=\"__1 _6\"></span>or este concepto en <span class=\"__1 _6\"></span>el Estado<span class=\"__1 _6\"></span> de Resultado con<span class=\"__1 _6\"></span>solidado<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span>Las <span class=\"__1 _6\"></span>dotaciones<span class=\"__1 _6\"></span> y<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>reversiones d<span class=\"__1 _6\"></span>e las<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>correcciones <span class=\"__1 _6\"></span>valorativas<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>por <span class=\"__1 _6\"></span>deterioro <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>valor <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>sald<span class=\"__1 _6\"></span>os <span class=\"__1 _6\"></span>comerciales <span class=\"__1 _6\"></span>a<span class=\"__1 _1bc\"> </span>cobrar <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>registran <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _4\"></span>ep\u00edgrafe <span class=\"__1 _4\"></span>\u201cDeterioro <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>valor <span class=\"__1 _4\"></span>sobre<span class=\"__1 _5\"></span> <span class=\"__1 _4\"></span>activos <span class=\"__1 _4\"></span>financieros\u201d <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>Estado <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>Resultado<span class=\"__1 _1bc\"> </span>consolidado.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-570": {
   "value": "Registro de bajas - El Grupo reconoce la baja de los activos financieros cuando expiran o se han cedido los derechos sobre los flujos de efectivo del correspondiente activo financiero y se han transferido sustancialmente los riesgos y beneficios inherentes a su propiedad. La baja de un activo financiero implica el reconocimiento en el Estado de Resultado consolidado de la diferencia existente entre su valor contable y la suma de la contraprestaci\u00f3n recibida, neta de gastos de la transacci\u00f3n, incluy\u00e9ndose los activos obtenidos o pasivos asumidos y cualquier p\u00e9rdida o ganancia diferida en otro resultado global. En  este  sentido,  el  Grupo  en  funci\u00f3n  de  las  necesidades  coyunturales  de  tesorer\u00eda  realiza  cesiones  de cr\u00e9ditos de clientes a entidades financieras (factoring) y podr\u00e1 llevar a cabo titulizaciones de activos. En estas cesiones  de  derechos  de  cobro  se  transmiten  sustancialmente  los  riesgos  y  beneficios  inherentes  a  las cuentas a cobrar, as\u00ed como  el control sobre \u00e9stas, sin que existan pactos de recompra suscritos con las entidades de cr\u00e9dito (cesiones sin recurso). Consecuentemente, de acuerdo con los criterios establecidos por las NIIF, se dan de baja del Estado de Situaci\u00f3n Financiera consolidado los saldos a cobrar de deudores vendidos en las condiciones indicadas. Por el contrario, el Grupo no da de baja los activos financieros, y reconoce un pasivo financiero por un importe igual a la contraprestaci\u00f3n recibida, en las cesiones de activos financieros en las que se retenga sustancialmente los riesgos y beneficios inherentes a su propiedad. ENCE da de baja un pasivo financiero o una parte del mismo cuando ha cumplido con la obligaci\u00f3n contenida en el pasivo o bien est\u00e9 legalmente dispensado de la responsabilidad principal contenida en el pasivo.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-581": {
   "value": "Pasivos financieros <span class=\"__1 _6\"></span> Son <span class=\"__1 _6\"></span>pasivos <span class=\"__1 _6\"></span>financieros <span class=\"__1 _6\"></span>aquellos<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>d\u00e9bitos <span class=\"__1 _6\"></span>y par<span class=\"__1 _6\"></span>tidas <span class=\"__1 _6\"></span>a pagar <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>tiene el <span class=\"__1 _6\"></span>Grupo<span class=\"__1 _6\"></span> y <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>han <span class=\"__1 _6\"></span>originado <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>la compra de <span class=\"__1 _70\"></span>bi<span class=\"__1 _6\"></span>enes y <span class=\"__1 _5\"></span>servicios por operaciones de <span class=\"__1 _70\"></span>tr\u00e1<span class=\"__1 _6\"></span>fico de la <span class=\"__1 _5\"></span>empresa, o <span class=\"__1 _5\"></span>tambi\u00e9n aquellos que<span class=\"__1 _6\"></span>, sin tener <span class=\"__1 _70\"></span>un<span class=\"__1 _1bc\"> </span>origen <span class=\"__1 _4\"></span>comercial, <span class=\"__1 _8\"></span>n<span class=\"__1 _6\"></span>o <span class=\"__1 _4\"></span>pueden <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>er <span class=\"__1 _8\"></span>con<span class=\"__1 _6\"></span>siderados <span class=\"__1 _4\"></span>como <span class=\"__1 _8\"></span>in<span class=\"__1 _6\"></span>strumentos <span class=\"__1 _4\"></span>financieros <span class=\"__1 _4\"></span>derivados, <span class=\"__1 _4\"></span>principalmente, deudas con en<span class=\"__1 _6\"></span>tidades de cr\u00e9dito, bon<span class=\"__1 _6\"></span>os emitidos, etc.<span class=\"__1 _1bc\"> </span>ENCE <span class=\"__1 _4\"></span>clasifica <span class=\"__1 _8\"></span>su<span class=\"__1 _6\"></span>s <span class=\"__1 _8\"></span>pas<span class=\"__1 _6\"></span>ivos <span class=\"__1 _4\"></span>fin<span class=\"__1 _5\"></span>ancieros <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>las <span class=\"__1 _4\"></span>siguientes <span class=\"__1 _4\"></span>cate<span class=\"__1 _5\"></span>gor\u00edas, <span class=\"__1 _4\"></span>con <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>osteriorida<span class=\"__1 _8\"></span>d <span class=\"__1 _8\"></span>a <span class=\"__1 _4\"></span>su <span class=\"__1 _8\"></span>reconocimiento<span class=\"__1 _6\"></span> inicial; 1) <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>cos<span class=\"__1 _6\"></span>te <span class=\"__1 _6\"></span>amortizado, <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>2) <span class=\"__1 _6\"></span>a valor <span class=\"__1 _6\"></span>ra<span class=\"__1 _6\"></span>zonable con<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>cambios en <span class=\"__1 _6\"></span>res<span class=\"__1 _6\"></span>ultados. <span class=\"__1 _6\"></span>En <span class=\"__1 _6\"></span>esta \u00fa<span class=\"__1 _6\"></span>ltima cat<span class=\"__1 _6\"></span>egor\u00eda s<span class=\"__1 _6\"></span>e recogen b<span class=\"__1 _6\"></span>\u00e1sicamente <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>contra<span class=\"__1 _6\"></span>prestaciones <span class=\"__1 _6\"></span>contin<span class=\"__1 _6\"></span>gentes qu<span class=\"__1 _6\"></span>e s<span class=\"__1 _6\"></span>e p<span class=\"__1 _6\"></span>uedan <span class=\"__1 _6\"></span>originar <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>las comb<span class=\"__1 _6\"></span>inaciones <span class=\"__1 _6\"></span>de negocios, <span class=\"__1 _4\"></span>as\u00ed <span class=\"__1 _8\"></span>como <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>in<span class=\"__1 _5\"></span>strumentos <span class=\"__1 _4\"></span>financieros <span class=\"__1 _8\"></span>derivad<span class=\"__1 _6\"></span>os <span class=\"__1 _4\"></span>que <span class=\"__1 _8\"></span>no <span class=\"__1 _4\"></span>son <span class=\"__1 _8\"></span>designados <span class=\"__1 _4\"></span>como <span class=\"__1 _8\"></span>instrumentos <span class=\"__1 _4\"></span>de cobertura de acuerdo co<span class=\"__1 _6\"></span>n NIIF 9 <span class=\"__1 _6\"></span><span class=\"ff6\">\u2013</span> Instrumentos<span class=\"__1 _6\"></span> Financieros<span class=\"__1 _6\"></span>.  ENCE da <span class=\"__1 _70\"></span>de baja <span class=\"__1 _70\"></span>un pasivo <span class=\"__1 _70\"></span>financiero o <span class=\"__1 _70\"></span>una parte <span class=\"__1 _70\"></span>del mismo <span class=\"__1 _70\"></span>cuan<span class=\"__1 _6\"></span>do ha <span class=\"__1 _70\"></span>cumplido con <span class=\"__1 _70\"></span>la obligaci\u00f3n <span class=\"__1 _70\"></span>contenida<span class=\"__1 _6\"></span> en el pasivo o<span class=\"__1 _6\"></span> bien est\u00e9 legalmente dispensad<span class=\"__1 _6\"></span>o de la respon<span class=\"__1 _6\"></span>sabilidad p<span class=\"__1 _6\"></span>rincipal contenida en el pas<span class=\"__1 _6\"></span>ivo.<span class=\"__1 _6\"></span> Obligaciones, bo<span class=\"__1 _6\"></span>nos y deudas con e<span class=\"__1 _6\"></span>ntidades de cr\u00e9dito<span class=\"__1 _8\"></span>- Los p<span class=\"__1 _6\"></span>r\u00e9stamos, <span class=\"__1 _6\"></span>obligaciones <span class=\"__1 _6\"></span>y similares <span class=\"__1 _6\"></span>se r<span class=\"__1 _6\"></span>egistran <span class=\"__1 _6\"></span>inicialmente a <span class=\"__1 _6\"></span>valor <span class=\"__1 _6\"></span>razonab<span class=\"__1 _6\"></span>le, valor <span class=\"__1 _6\"></span>que n<span class=\"__1 _6\"></span>ormalmente coincide con el efectiv<span class=\"__1 _6\"></span>o recibido, n<span class=\"__1 _6\"></span>eto de los costes<span class=\"__1 _6\"></span> incurridos en la tran<span class=\"__1 _6\"></span>sacci\u00f3n. En periodos<span class=\"__1 _6\"></span> posteriores, la totalidad de estas d<span class=\"__1 _6\"></span>eudas se valora a su coste amortizad<span class=\"__1 _6\"></span>o, utilizando el m\u00e9todo del tipo de inter\u00e9s efectivo. Los gastos finan<span class=\"__1 _6\"></span>cieros as\u00ed como los<span class=\"__1 _6\"></span> costes de estructuraci\u00f3n, s<span class=\"__1 _6\"></span>e registran seg\u00fan el criterio del devengo en el Estado de Resultad<span class=\"__1 _6\"></span>o consolidado utiliza<span class=\"__1 _6\"></span>ndo el m\u00e9todo del inter\u00e9s efe<span class=\"__1 _6\"></span>ctivo. <span class=\"__1 _6\"></span> En <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>emisi\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>bo<span class=\"__1 _6\"></span>nos <span class=\"__1 _8\"></span>convertibles, <span class=\"__1 _4\"></span>ENCE <span class=\"__1 _8\"></span>analiza <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>i <span class=\"__1 _8\"></span>se <span class=\"__1 _4\"></span>tr<span class=\"__1 _5\"></span>ata <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>una <span class=\"__1 _8\"></span>emisi\u00f3n <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>instrumentos <span class=\"__1 _8\"></span>finan<span class=\"__1 _6\"></span>ciero<span class=\"__1 _8\"></span><span class=\"ls20\">s </span>compuestos, o <span class=\"__1 _bf\"></span>por e<span class=\"__1 _5\"></span>l <span class=\"__1 _70\"></span>contra<span class=\"__1 _6\"></span>rio, <span class=\"__1 _70\"></span>se <span class=\"__1 _70\"></span>trata <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>la <span class=\"__1 _70\"></span>emisi\u00f3n de <span class=\"__1 _70\"></span>un <span class=\"__1 _70\"></span>pasivo. <span class=\"__1 _70\"></span>En la<span class=\"__1 _5\"></span> <span class=\"__1 _70\"></span>emisi\u00f3n <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>instrumentos <span class=\"__1 _70\"></span>finan<span class=\"__1 _6\"></span>cieros compuestos <span class=\"__1 _8\"></span>con<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>componentes <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>pas<span class=\"__1 _6\"></span>ivo <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>patrimonio, <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>componente <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>patrimonio <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>determina <span class=\"__1 _8\"></span>por <span class=\"__1 _8\"></span>el<span class=\"__1 _6\"></span> importe residual que s<span class=\"__1 _6\"></span>e obtiene, des<span class=\"__1 _6\"></span>pu\u00e9s de <span class=\"__1 _6\"></span>deducir del v<span class=\"__1 _6\"></span>alor razonable del ins<span class=\"__1 _6\"></span>trumento en<span class=\"__1 _6\"></span> su conju<span class=\"__1 _6\"></span>nto, el importe del componente de pasivo. Por su parte, el componente de pasivo se determina estiman<span class=\"__1 _6\"></span>do el valor razonable <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>un <span class=\"__1 _c6\"> </span>instru<span class=\"__1 _6\"></span>mento <span class=\"__1 _c6\"> </span>similar <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c6\"> </span>fecha <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>emisi\u00f3n, <span class=\"__1 _ca\"> </span>que <span class=\"__1 _c8\"> </span>no <span class=\"__1 _ca\"> </span>lleve <span class=\"__1 _c8\"> </span>as<span class=\"__1 _6\"></span>ociado <span class=\"__1 _c6\"> </span>el <span class=\"__1 _c6\"> </span>comp<span class=\"__1 _6\"></span>onente <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>e patrimonio. <span class=\"__1 _c9\"> </span>Los <span class=\"__1 _cd\"> </span>costes <span class=\"__1 _c9\"> </span>de <span class=\"__1 _c9\"> </span>tran<span class=\"__1 _6\"></span>sacci\u00f3n <span class=\"__1 _c9\"> </span>relacionad<span class=\"__1 _6\"></span>os <span class=\"__1 _c9\"> </span>con <span class=\"__1 _c9\"> </span>la <span class=\"__1 _c9\"> </span>e<span class=\"__1 _6\"></span>misi\u00f3n <span class=\"__1 _c9\"> </span>de <span class=\"__1 _c9\"> </span>los <span class=\"__1 _cd\"> </span>instrumentos<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>financieros compuestos <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>distribuyen <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>funci\u00f3n <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>v<span class=\"__1 _6\"></span>alor <span class=\"__1 _4\"></span>contable <span class=\"__1 _4\"></span>relativo <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>cada <span class=\"__1 _4\"></span>uno <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>componentes <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>el momento de la clasificaci\u00f3n. <span class=\"__1 _8\"></span> Las <span class=\"__1 _c8\"></span>operaciones <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"></span>refinanciaci\u00f3n <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"></span>deuda <span class=\"__1 _c8\"></span>financiera <span class=\"__1 _c8\"></span>se <span class=\"__1 _c8\"></span>contabilizan <span class=\"__1 _c8\"> </span>como <span class=\"__1 _c8\"> </span>una <span class=\"__1 _c8\"> </span>cancelaci\u00f3n <span class=\"__1 _c8\"> </span>del <span class=\"__1 _c8\"></span>pasivo<span class=\"__1 _6\"></span> financiero original y el reconocimiento de un nuevo pasivo financiero, siempre que los instrumentos tengan condiciones <span class=\"__1 _4\"></span>su<span class=\"__1 _6\"></span>stancialmente <span class=\"__1 _4\"></span>diferent<span class=\"__1 _6\"></span>es. <span class=\"__1 _4\"></span>Esto <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>pro<span class=\"__1 _6\"></span>duce <span class=\"__1 _4\"></span>cuan<span class=\"__1 _6\"></span>do <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>valor <span class=\"__1 _4\"></span>actual <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>flujos <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>efectivo descontados<span class=\"__1 _6\"></span> bajo <span class=\"__1 _5\"></span>las <span class=\"__1 _5\"></span>nuevas condiciones, incluyendo cualquier <span class=\"__1 _70\"></span>comis<span class=\"__1 _6\"></span>i\u00f3n pagada neta <span class=\"__1 _70\"></span>de cualquier comisi\u00f3n recibida, y utilizando para hacer el <span class=\"__1 _5\"></span>descuento el tipo de inter\u00e9s efectivo original, difiere al menos<span class=\"__1 _6\"></span> en un 10% del valor actual descontado de los flujos de <span class=\"__1 _5\"></span>efectivo que todav\u00eda resten del pasivo financiero original. Por <span class=\"__1 _5\"></span>su parte, <span class=\"__1 _c8\"> </span>los<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>cos<span class=\"__1 _6\"></span>tes <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"> </span>estructuraci\u00f3n <span class=\"__1 _c6\"> </span>pendientes <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>imputar <span class=\"__1 _c8\"> </span>a <span class=\"__1 _c6\"> </span>resultad<span class=\"__1 _6\"></span>os <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c6\"> </span>financiaci\u00f3n <span class=\"__1 _c8\"> </span>can<span class=\"__1 _6\"></span>celada <span class=\"__1 _c8\"> </span>s<span class=\"__1 _6\"></span>e imputan \u00edntegramente a r<span class=\"__1 _6\"></span>esultad<span class=\"__1 _6\"></span>os en el momento de la ca<span class=\"__1 _6\"></span>ncelaci\u00f3n.<span class=\"__1 _1bc\"> </span>Si la operaci\u00f3n de<span class=\"__1 _5\"></span> refinanciaci\u00f3n no cumple <span class=\"__1 _5\"></span>los criterios descritos para <span class=\"__1 _5\"></span>registrarse como una cancelaci\u00f3n del<span class=\"__1 _70\"></span> pasivo <span class=\"__1 _c9\"> </span>financiero <span class=\"__1 _c9\"> </span>original, <span class=\"__1 _c9\"> </span>los <span class=\"__1 _c9\"> </span>flujos <span class=\"__1 _c9\"> </span>modificados <span class=\"__1 _c9\"> </span>se <span class=\"__1 _c9\"> </span>descu<span class=\"__1 _6\"></span>entan <span class=\"__1 _c9\"> </span>al <span class=\"__1 _c9\"> </span>tipo <span class=\"__1 _c9\"> </span>de <span class=\"__1 _cb\"> </span>inter<span class=\"__1 _6\"></span>\u00e9s <span class=\"__1 _c9\"> </span>efectivo <span class=\"__1 _c9\"> </span>original, re<span class=\"ls0_1\">conociendo <span class=\"__1 _4\"></span>en <span class=\"__1 _c8\"></span>resultados <span class=\"__1 _c8\"></span>cualquier <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>iferencia <span class=\"__1 _4\"></span>con <span class=\"__1 _c8\"></span>el <span class=\"__1 _4\"></span>valor <span class=\"__1 _c8\"></span>contable <span class=\"__1 _4\"></span>p<span class=\"__1 _6\"></span>revio. <span class=\"__1 _4\"></span>Los <span class=\"__1 _c8\"> </span>gastos <span class=\"__1 _4\"></span>finan<span class=\"__1 _6\"></span>cieros, <span class=\"__1 _4\"></span>as\u00ed </span>como <span class=\"__1 _4\"></span>los <span class=\"__1 _c8\"></span>costes <span class=\"__1 _4\"></span>de <span class=\"__1 _c8\"></span>estructuraci\u00f3n, <span class=\"__1 _4\"></span>se <span class=\"__1 _c8\"></span>registran <span class=\"__1 _4\"></span>seg\u00fan <span class=\"__1 _c8\"></span>el <span class=\"__1 _4\"></span>criterio <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>devengo <span class=\"__1 _c8\"> </span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _c8\"></span>Estado <span class=\"__1 _4\"></span>de <span class=\"__1 _c8\"></span>Resultado consolidado u<span class=\"__1 _6\"></span>tilizando el m\u00e9todo d<span class=\"__1 _6\"></span>el inter\u00e9s efe<span class=\"__1 _6\"></span>ctivo. La recompras de instrumentos de deuda im<span class=\"__1 _5\"></span>plica que la deuda queda e<span class=\"__1 _5\"></span>xtinguida, incluso en el <span class=\"__1 _5\"></span>caso de que <span class=\"__1 _5\"></span>el emisor intente revenderlo en <span class=\"__1 _6\"></span>un futu<span class=\"__1 _6\"></span>ro inmediato.<span class=\"__1 _6\"></span> Acreedores comerciale<span class=\"__1 _6\"></span>s y otras cuentas a<span class=\"__1 _6\"></span> pagar<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span>- Los <span class=\"__1 _c6\"> </span>acreedores <span class=\"__1 _c6\"> </span>comerciales <span class=\"__1 _c6\"> </span>y<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>otras <span class=\"__1 _c6\"> </span>cuentas <span class=\"__1 _c6\"> </span>a <span class=\"__1 _ca\"> </span>pagar <span class=\"__1 _c6\"> </span>derivados <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>operaciones <span class=\"__1 _c6\"> </span>comerciales <span class=\"__1 _c6\"> </span>s<span class=\"__1 _6\"></span>on <span class=\"__1 _c6\"> </span>pasivos financieros <span class=\"__1 _70\"></span>que <span class=\"__1 _70\"></span>en <span class=\"__1 _70\"></span>su<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>mayor <span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>arte <span class=\"__1 _70\"></span>presentan <span class=\"__1 _70\"></span>vencimiento<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>a <span class=\"__1 _70\"></span>corto<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>plazo <span class=\"__1 _70\"></span>y <span class=\"__1 _70\"></span>no <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>evengan <span class=\"__1 _70\"></span>intereses. <span class=\"__1 _70\"></span>Es<span class=\"__1 _6\"></span>tos <span class=\"__1 _70\"></span>sald<span class=\"__1 _6\"></span>os se registran inicialment<span class=\"__1 _6\"></span>e a su valor razon<span class=\"__1 _6\"></span>able y posteriormente a s<span class=\"__1 _6\"></span>u coste amortizad<span class=\"__1 _6\"></span>o.<span class=\"__1 _1bc\"> </span>El Grupo tiene contratadas con diversas entidades financieras operaciones de confirming <span class=\"__1 _5\"></span>para la gesti\u00f3n del pago a los proveedores. Los pasivos comerciales cuya liquidaci\u00f3n se encuentra gestionada por las entidades financieras se muestran <span class=\"__1 _5\"></span>en la <span class=\"__1 _5\"></span>partida de <span class=\"__1 _5\"></span>\u201c<span class=\"ff4\">Ac</span>re<span class=\"__1 _6\"></span>edores comerciales y <span class=\"__1 _70\"></span>otra<span class=\"__1 _6\"></span>s cuentas a <span class=\"__1 _70\"></span>paga<span class=\"__1 _6\"></span>r\u201d, y <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>e clasifican <span class=\"__1 _5\"></span>en el Estado de Flujos de Efectivo consolidado como flujos de e<span class=\"__1 _5\"></span>xplotaci\u00f3n, en la medida en que <span class=\"__1 _5\"></span>ENCE s\u00f3lo haya cedido la gesti\u00f3n de pago a<span class=\"__1 _5\"></span> las e<span class=\"__1 _5\"></span>ntidades financieras, manteni\u00e9ndose como obligado <span class=\"__1 _6\"></span>primario al pago de las<span class=\"__1 _5\"></span> deudas frente <span class=\"__1 _5\"></span>a lo<span class=\"__1 _5\"></span>s acreedores <span class=\"__1 _70\"></span>comerciales (confirming sin <span class=\"__1 _5\"></span>recurso). En <span class=\"__1 _70\"></span>caso de <span class=\"__1 _5\"></span>que el <span class=\"__1 _70\"></span>obligado primario <span class=\"__1 _5\"></span>sea una entidad fin<span class=\"__1 _6\"></span>anciera, estas cesiones s<span class=\"__1 _6\"></span>e tratan como deudas<span class=\"__1 _6\"></span> con entidad<span class=\"__1 _6\"></span>es de cr\u00e9dito.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-510": {
   "value": "Los gastos financieros as\u00ed como los costes de estructuraci\u00f3n, se registran seg\u00fan el criterio del devengo en el Estado de Resultado consolidado utilizando el m\u00e9todo del inter\u00e9s efectivo. Los gastos se reconocen en el Estado de Resultado consolidado de acuerdo a su devengo. Asimismo, se  reconoce un gasto de forma inmediata cuando no se prev\u00e9 que genere beneficios econ\u00f3micos futuros. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceCostsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-606": {
   "value": "Acreedores comerciale<span class=\"__1 _6\"></span>s y otras cuentas a<span class=\"__1 _6\"></span> pagar<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span>- Los <span class=\"__1 _c6\"> </span>acreedores <span class=\"__1 _c6\"> </span>comerciales <span class=\"__1 _c6\"> </span>y<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>otras <span class=\"__1 _c6\"> </span>cuentas <span class=\"__1 _c6\"> </span>a <span class=\"__1 _ca\"> </span>pagar <span class=\"__1 _c6\"> </span>derivados <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>operaciones <span class=\"__1 _c6\"> </span>comerciales <span class=\"__1 _c6\"> </span>s<span class=\"__1 _6\"></span>on <span class=\"__1 _c6\"> </span>pasivos financieros <span class=\"__1 _70\"></span>que <span class=\"__1 _70\"></span>en <span class=\"__1 _70\"></span>su<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>mayor <span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>arte <span class=\"__1 _70\"></span>presentan <span class=\"__1 _70\"></span>vencimiento<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>a <span class=\"__1 _70\"></span>corto<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>plazo <span class=\"__1 _70\"></span>y <span class=\"__1 _70\"></span>no <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>evengan <span class=\"__1 _70\"></span>intereses. <span class=\"__1 _70\"></span>Es<span class=\"__1 _6\"></span>tos <span class=\"__1 _70\"></span>sald<span class=\"__1 _6\"></span>os se registran inicialment<span class=\"__1 _6\"></span>e a su valor razon<span class=\"__1 _6\"></span>able y posteriormente a s<span class=\"__1 _6\"></span>u coste amortizad<span class=\"__1 _6\"></span>o.<span class=\"__1 _1bc\"> </span>El Grupo tiene contratadas con diversas entidades financieras operaciones de confirming <span class=\"__1 _5\"></span>para la gesti\u00f3n del pago a los proveedores. Los pasivos comerciales cuya liquidaci\u00f3n se encuentra gestionada por las entidades financieras se muestran <span class=\"__1 _5\"></span>en la <span class=\"__1 _5\"></span>partida de <span class=\"__1 _5\"></span>\u201c<span class=\"ff4\">Ac</span>re<span class=\"__1 _6\"></span>edores comerciales y <span class=\"__1 _70\"></span>otra<span class=\"__1 _6\"></span>s cuentas a <span class=\"__1 _70\"></span>paga<span class=\"__1 _6\"></span>r\u201d, y <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>e clasifican <span class=\"__1 _5\"></span>en el Estado de Flujos de Efectivo consolidado como flujos de e<span class=\"__1 _5\"></span>xplotaci\u00f3n, en la medida en que <span class=\"__1 _5\"></span>ENCE s\u00f3lo haya cedido la gesti\u00f3n de pago a<span class=\"__1 _5\"></span> las e<span class=\"__1 _5\"></span>ntidades financieras, manteni\u00e9ndose como obligado <span class=\"__1 _6\"></span>primario al pago de las<span class=\"__1 _5\"></span> deudas frente <span class=\"__1 _5\"></span>a lo<span class=\"__1 _5\"></span>s acreedores <span class=\"__1 _70\"></span>comerciales (confirming sin <span class=\"__1 _5\"></span>recurso). En <span class=\"__1 _70\"></span>caso de <span class=\"__1 _5\"></span>que el <span class=\"__1 _70\"></span>obligado primario <span class=\"__1 _5\"></span>sea una entidad fin<span class=\"__1 _6\"></span>anciera, estas cesiones s<span class=\"__1 _6\"></span>e tratan como deudas<span class=\"__1 _6\"></span> con entidad<span class=\"__1 _6\"></span>es de cr\u00e9dito.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-613": {
   "value": "Las acciones propias que adquiere ENCE se registran a su coste de adquisici\u00f3n, y se presentan minorando el patrimonio neto. Los resultados derivados de la compra, venta, emisi\u00f3n o amortizaci\u00f3n de los instrumentos del patrimonio propio se reconocen directamente en patrimonio neto, sin que en ning\u00fan caso se registre resultado alguno en el Estado de Resultado consolidado. La amortizaci\u00f3n de acciones de ENCE, da lugar a una reducci\u00f3n de capital por el importe del nominal de dichas acciones y la diferencia positiva o negativa entre el precio de adquisici\u00f3n y el nominal de las acciones se carga o abona a cuentas de reservas. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTreasurySharesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-574": {
   "value": "Los dividendos a cuenta del resultado del ejercicio, as\u00ed como los dividendos complementarios pagados por ENCE minoran el Patrimonio Neto en el momento de su aprobaci\u00f3n. Los ingresos por dividendos procedentes de inversiones se registran cuando se reconocen el derecho a su  percepci\u00f3n.  ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDividendsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-571": {
   "value": "3.8  Instrumentos financieros derivados y operaciones de cobertura Las actividades del Grupo lo exponen principalmente a riesgos financieros y de mercado derivados de; 1) las variaciones de los tipos de cambio d\u00f3lar/euro que afectan principalmente a sus ventas de celulosa al cotizar el precio de la pasta de papel en el mercado internacional en d\u00f3lares, 2) las propias variaciones de tipo de cambio por las ventas en divisa, 3) las variaciones en el precio de la celulosa, del fuel-oil, el gas y la energ\u00eda el\u00e9ctrica, y 4) la evoluci\u00f3n de los tipos de inter\u00e9s. Para cubrir estas exposiciones el Grupo puede utilizar instrumentos financieros derivados. No es pol\u00edtica de ENCE contratar instrumentos financieros derivados  con fines especulativos.  Estos  instrumentos  financieros  se  valoran  en  todo  momento  a  su  valor  razonable,  registr\u00e1ndose  las  variaciones en el ep\u00edgrafe \u201cInstrumentos financieros derivados\u201d del pasivo del Estado de Situaci\u00f3n Financiera  consolidado si son negativas, y como \u201cActivos financieros \u2013 Derivados de cobertura\u201d si son positivas.  Los beneficios o p\u00e9rdidas de dichas fluctuaciones se registran en el Estado de Resultado consolidado como  un resultado financiero, salvo que el derivado o una parte del mismo haya sido designado como instrumento  de cobertura y \u00e9sta sea altamente efectiva, en cuyo caso su registro es el siguiente:  1.  Coberturas de valor razonable: el elemento cubierto se valora por su valor razonable al igual que el instrumento de cobertura, registr\u00e1ndose las variaciones de valor de ambos en el Estado de Resultado  consolidado.  2.  Coberturas de flujos de efectivo: la parte eficaz de los cambios en el valor razonable de los derivados  que se designan y califican como coberturas de flujos de efectivo se reconoce en el ep\u00edgrafe \u201cAjustes  en  patrimonio  por  valoraci\u00f3n\u201d  del  \u201cEstado  de  Resultado  Global  consolidado\u201d.  La  ganancia  o  la  p\u00e9rdida relacionada con la parte ineficaz se reconoce inmediatamente en el Estado de Resultado  consolidado, en el ep\u00edgrafe \u201cVariaci\u00f3n en valor razonable de instrumentos financieros\u201d.  Cuando  los  contratos  de  opci\u00f3n  se  usan  para  cubrir  transacciones  previstas,  el  grupo  eval\u00faa  si  dichas  transacciones  son  altamente  probables,  y  en  ese  caso  designa  tanto  el  valor  intr\u00ednseco  como  el  valor  temporal del contrato de opci\u00f3n como instrumento de cobertura.  Al inicio de la cobertura, ENCE designa y documenta formalmente las relaciones de cobertura, as\u00ed como el  objetivo y la estrategia que asume con respecto a las mismas. La documentaci\u00f3n incluye la identificaci\u00f3n del  instrumento de cobertura, la partida cubierta, la naturaleza del riesgo cubierto y la forma en la que se mide  la eficacia de la cobertura.  Igualmente, al inicio de la cobertura y de forma continua ENCE eval\u00faa si la cobertura es eficaz. Dicha eficacia  se verifica a trav\u00e9s de los \u201ctest de eficacia\u201d donde se chequea si es esperable prospectivamente que los  cambios en el valor razonable o en los flujos de efectivo de la partida cubierta (atribuibles al riesgo cubierto)  se compensen razonablemente con los correspondientes al instrumento de cobertura. El valor razonable de  los derivados incluye el ajuste de riesgo de cr\u00e9dito de forma que sus variaciones son consideradas en la  medici\u00f3n de la eficacia.  El Grupo realiza una evaluaci\u00f3n cualitativa de la eficacia, siempre que las condiciones fundamentales del  instrumento y de la partida cubierta coincidan. Cuando las condiciones fundamentales no son plenamente  coincidentes,  el  Grupo  utiliza  un  derivado  hipot\u00e9tico  con  condiciones  fundamentales  equivalentes  a  la  partida cubierta para evaluar y medir la ineficacia.  ENCE interrumpe la relaci\u00f3n de cobertura de forma prospectiva s\u00f3lo cuando toda o parte de la relaci\u00f3n de  cobertura deja de cumplir los requisitos cualificados. Esto incluye las situaciones en las que el instrumento  de cobertura expira, es vendido, o ejercido, el objetivo de gesti\u00f3n del riesgo ha cambiado, el efecto del riesgo  de cr\u00e9dito domina los cambios de valor, el instrumento de cobertura llega a vencimiento o es liquidado, o  deja de existir el subyacente cubierto. A estos efectos, la sustituci\u00f3n o renovaci\u00f3n de un instrumento de  cobertura no es una  expiraci\u00f3n  o finalizaci\u00f3n, siempre que la operaci\u00f3n sea consistente con el objetivo  documentado de gesti\u00f3n de riesgo del Grupo.  En  las  coberturas  de  los  flujos  de  efectivo,  tras  la  interrupci\u00f3n  de  la  relaci\u00f3n  de  cobertura,  el  importe acumulado en Otro Resultado Global no se reconoce en resultados hasta que la transacci\u00f3n prevista tenga lugar. As\u00ed mismo, los importes acumulados en Otro Resultado Global se reclasifican como ingresos o gastos financieros cuando el Grupo no espera que la transacci\u00f3n prevista vaya a producirse. Los derivados impl\u00edcitos en otros  instrumentos financieros son contabilizados separadamente cuando el Grupo considera que sus caracter\u00edsticas y riesgos no est\u00e1n estrechamente relacionados con los instrumentos financieros en los que se encuentran impl\u00edcitos, siempre que el instrumento financiero en cuesti\u00f3n en su conjunto no est\u00e9 siendo contabilizado a valor razonable con cambios en resultados. ENCE no tiene derivados impl\u00edcitos que sean objeto de contabilidad separada. Valor razonable de los instrumentos financieros derivados El valor razonable de los distintos instrumentos financieros se determina utilizando la siguiente jerarqu\u00eda establecida en NIIF 13: \u2022  Nivel 1: por observaci\u00f3n directa de la cotizaci\u00f3n en mercados activos, de activos y pasivos id\u00e9nticos. \u2022  Nivel 2: empleando inputs disponibles en mercados activos, diferentes a los precios de cotizaci\u00f3n, que son aplicables a los activos y pasivos, tanto directa como indirectamente. \u2022  Nivel 3: utilizando t\u00e9cnicas de valoraci\u00f3n que incluyen inputs que no est\u00e1n disponibles en mercados activos. La determinaci\u00f3n del valor razonable para cada uno de los principales instrumentos financieros derivados se lleva a cabo con el asesoramiento de expertos en este tipo de instrumentos financieros, a partir de datos facilitados por agencias de informaci\u00f3n o datos de organismos oficiales, del siguiente modo: \u2022  El valor razonable de las permutas de tipo de inter\u00e9s es calculado como el valor actualizado a tipos de inter\u00e9s de mercado del diferencial de tipos del contrato de permuta. Dicha actualizaci\u00f3n se lleva a cabo a partir de las curvas de tipos swap a largo plazo. \u2022  En  el  caso  de  los  contratos  de  tipo  de  cambio  a  futuro,  su  valoraci\u00f3n  se  determina  utilizando  las cotizaciones  del  contado  del  tipo  de  cambio  y  las  curvas  de  tipos  de  inter\u00e9s  a  plazo  de  las  divisas implicadas, as\u00ed como el empleo de la volatilidad impl\u00edcita hasta el vencimiento en el caso de opciones. \u2022  El  valor  razonable  de  los  contratos  de  compraventa  de  elementos  no  financieros  a  los  que  es  de aplicaci\u00f3n la NIIF 9 (precio de la celulosa y precio de la energ\u00eda principalmente) se calcula a partir de la mejor estimaci\u00f3n de las curvas futuras de precios de dichos elementos no financieros, existente en la fecha de cierre, utilizando, en la medida de lo posible, los precios establecidos en los mercados a plazo.  En la utilizaci\u00f3n de estos modelos de valoraci\u00f3n se tienen en cuenta los riesgos que el activo o pasivo lleva asociados, entre ellos el riesgo de cr\u00e9dito tanto de la contraparte (Credit Value Adjustment) como de la propia entidad (Debit Value Adjustment). El riesgo de cr\u00e9dito se calcula de acuerdo con los par\u00e1metros exposici\u00f3n, probabilidad de incumplimiento y severidad. Los valores obtenidos utilizando estas t\u00e9cnicas son contrastados con las entidades financieras con las que ENCE tiene contratados estos instrumentos financieros. Las  valoraciones  a  valor  razonable  realizadas  sobre  los  diferentes  instrumentos  financieros  derivados, quedan encuadradas en el nivel 2 de la jerarqu\u00eda de valores razonables establecida por la NIIF 13, por estar los inputs basados en precios cotizados para instrumentos similares en mercados activos (no incluidos en el nivel 1), precios cotizados para instrumentos id\u00e9nticos o similares en mercados que no son activos, y t\u00e9cnicas  basadas  en  modelos  de  valoraci\u00f3n  para  los  cuales  todos  los  inputs  significativos  son  observables  en  el  mercado o pueden ser corroborados por datos observables de mercado. En dicha clasificaci\u00f3n se ha tenido  en consideraci\u00f3n que los ajustes por riesgo de cr\u00e9dito utilizan inputs de nivel 3, como son las estimaciones  de  cr\u00e9dito  en  funci\u00f3n  del  rating  crediticio  o  de  empresas  comparables  para  evaluar  la  probabilidad  de  quiebra de la sociedad o de la contraparte, si bien, dichos ajustes no son significativos. Por otra parte, las  contraprestaciones contingentes que surgen en combinaciones de negocios que quedan encuadradas en el  nivel 3 de la jerarqu\u00eda (v\u00e9ase Nota 4).  ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-575": {
   "value": "3.8  Instrumentos financieros derivados y operaciones de cobertura Las actividades del Grupo lo exponen principalmente a riesgos financieros y de mercado derivados de; 1) las variaciones de los tipos de cambio d\u00f3lar/euro que afectan principalmente a sus ventas de celulosa al cotizar el precio de la pasta de papel en el mercado internacional en d\u00f3lares, 2) las propias variaciones de tipo de cambio por las ventas en divisa, 3) las variaciones en el precio de la celulosa, del fuel-oil, el gas y la energ\u00eda el\u00e9ctrica, y 4) la evoluci\u00f3n de los tipos de inter\u00e9s. Para cubrir estas exposiciones el Grupo puede utilizar instrumentos financieros derivados. No es pol\u00edtica de ENCE contratar instrumentos financieros derivados con fines especulativos. Estos  instrumentos  financieros  se  valoran  en  todo  momento  a  su  valor  razonable,  registr\u00e1ndose  las variaciones en el ep\u00edgrafe \u201cInstrumentos financieros derivados\u201d del pasivo del Estado de Situaci\u00f3n Financiera consolidado si son negativas, y como \u201cActivos financieros \u2013 Derivados de cobertura\u201d si son positivas. Los beneficios o p\u00e9rdidas de dichas fluctuaciones se registran en el Estado de Resultado consolidado como un resultado financiero, salvo que el derivado o una parte del mismo haya sido designado como instrumento de cobertura y \u00e9sta sea altamente efectiva, en cuyo caso su registro es el siguiente: 1.  Coberturas de valor razonable: el elemento cubierto se valora por su valor razonable al igual que el instrumento de cobertura, registr\u00e1ndose las variaciones de valor de ambos en el Estado de Resultado consolidado. 2.  Coberturas de flujos de efectivo: la parte eficaz de los cambios en el valor razonable de los derivados que se designan y califican como coberturas de flujos de efectivo se reconoce en el ep\u00edgrafe \u201cAjustes en  patrimonio  por  valoraci\u00f3n\u201d  del  \u201cEstado  de  Resultado  Global  consolidado\u201d.  La  ganancia  o  la p\u00e9rdida relacionada con la parte ineficaz se reconoce inmediatamente en el Estado de Resultado consolidado, en el ep\u00edgrafe \u201cVariaci\u00f3n en valor razonable de instrumentos financieros\u201d. Cuando  los  contratos  de  opci\u00f3n  se  usan  para  cubrir  transacciones  previstas,  el  grupo  eval\u00faa  si  dichas transacciones  son  altamente  probables,  y  en  ese  caso  designa  tanto  el  valor  intr\u00ednseco  como  el  valor temporal del contrato de opci\u00f3n como instrumento de cobertura. Al inicio de la cobertura, ENCE designa y documenta formalmente las relaciones de cobertura, as\u00ed como el objetivo y la estrategia que asume con respecto a las mismas. La documentaci\u00f3n incluye la identificaci\u00f3n del instrumento de cobertura, la partida cubierta, la naturaleza del riesgo cubierto y la forma en la que se mide la eficacia de la cobertura. Igualmente, al inicio de la cobertura y de forma continua ENCE eval\u00faa si la cobertura es eficaz. Dicha eficacia se verifica a trav\u00e9s de los \u201ctest de eficacia\u201d donde se chequea si es esperable prospectivamente que los cambios en el valor razonable o en los flujos de efectivo de la partida cubierta (atribuibles al riesgo cubierto) se compensen razonablemente con los correspondientes al instrumento de cobertura. El valor razonable de los derivados incluye el ajuste de riesgo de cr\u00e9dito de forma que sus variaciones son consideradas en la medici\u00f3n de la eficacia. El Grupo realiza una evaluaci\u00f3n cualitativa de la eficacia, siempre que las condiciones fundamentales del instrumento y de la partida cubierta coincidan. Cuando las condiciones fundamentales no son plenamente coincidentes,  el  Grupo  utiliza  un  derivado  hipot\u00e9tico  con  condiciones  fundamentales  equivalentes  a  la partida cubierta para evaluar y medir la ineficacia. ENCE interrumpe la relaci\u00f3n de cobertura de forma prospectiva s\u00f3lo cuando toda o parte de la relaci\u00f3n de cobertura deja de cumplir los requisitos cualificados. Esto incluye las situaciones en las que el instrumento de cobertura expira, es vendido, o ejercido, el objetivo de gesti\u00f3n del riesgo ha cambiado, el efecto del riesgo de cr\u00e9dito domina los cambios de valor, el instrumento de cobertura llega a vencimiento o es liquidado, o deja de existir el subyacente cubierto. A estos efectos, la sustituci\u00f3n o renovaci\u00f3n de un instrumento de cobertura no es una  expiraci\u00f3n  o finalizaci\u00f3n, siempre que la operaci\u00f3n sea consistente con el objetivo documentado de gesti\u00f3n de riesgo del Grupo. En  las  coberturas  de  los  flujos  de  efectivo,  tras  la  interrupci\u00f3n  de  la  relaci\u00f3n  de  cobertura,  el  importe  acumulado en Otro Resultado Global no se reconoce en resultados hasta que la transacci\u00f3n prevista tenga  lugar. As\u00ed mismo, los importes acumulados en Otro Resultado Global se reclasifican como ingresos o gastos  financieros cuando el Grupo no espera que la transacci\u00f3n prevista vaya a producirse.  Los derivados impl\u00edcitos en otros  instrumentos financieros son contabilizados separadamente cuando el  Grupo considera que sus caracter\u00edsticas y riesgos no est\u00e1n estrechamente relacionados con los instrumentos  financieros en los que se encuentran impl\u00edcitos, siempre que el instrumento financiero en cuesti\u00f3n en su  conjunto no est\u00e9 siendo contabilizado a valor razonable con cambios en resultados. ENCE no tiene derivados  impl\u00edcitos que sean objeto de contabilidad separada.  Valor razonable de los instrumentos financieros derivados  El valor razonable de los distintos instrumentos financieros se determina utilizando la siguiente jerarqu\u00eda  establecida en NIIF 13:  \u2022  Nivel 1: por observaci\u00f3n directa de la cotizaci\u00f3n en mercados activos, de activos y pasivos id\u00e9nticos.  \u2022  Nivel 2: empleando inputs disponibles en mercados activos, diferentes a los precios de cotizaci\u00f3n, que  son aplicables a los activos y pasivos, tanto directa como indirectamente.  \u2022  Nivel 3: utilizando t\u00e9cnicas de valoraci\u00f3n que incluyen inputs que no est\u00e1n disponibles en mercados  activos.  La determinaci\u00f3n del valor razonable para cada uno de los principales instrumentos financieros derivados  se lleva a cabo con el asesoramiento de expertos en este tipo de instrumentos financieros, a partir de datos  facilitados por agencias de informaci\u00f3n o datos de organismos oficiales, del siguiente modo:  \u2022  El valor razonable de las permutas de tipo de inter\u00e9s es calculado como el valor actualizado a tipos de  inter\u00e9s de mercado del diferencial de tipos del contrato de permuta. Dicha actualizaci\u00f3n se lleva a cabo  a partir de las curvas de tipos swap a largo plazo.  \u2022  En  el  caso  de  los  contratos  de  tipo  de  cambio  a  futuro,  su  valoraci\u00f3n  se  determina  utilizando  las  cotizaciones  del  contado  del  tipo  de  cambio  y  las  curvas  de  tipos  de  inter\u00e9s  a  plazo  de  las  divisas  implicadas, as\u00ed como el empleo de la volatilidad impl\u00edcita hasta el vencimiento en el caso de opciones.  \u2022  El  valor  razonable  de  los  contratos  de  compraventa  de  elementos  no  financieros  a  los  que  es  de  aplicaci\u00f3n la NIIF 9 (precio de la celulosa y precio de la energ\u00eda principalmente) se calcula a partir de la  mejor estimaci\u00f3n de las curvas futuras de precios de dichos elementos no financieros, existente en la  fecha de cierre, utilizando, en la medida de lo posible, los precios establecidos en los mercados a plazo.   En la utilizaci\u00f3n de estos modelos de valoraci\u00f3n se tienen en cuenta los riesgos que el activo o pasivo lleva  asociados, entre ellos el riesgo de cr\u00e9dito tanto de la contraparte (Credit Value Adjustment) como de la  propia entidad (Debit Value Adjustment). El riesgo de cr\u00e9dito se calcula de acuerdo con los par\u00e1metros  exposici\u00f3n, probabilidad de incumplimiento y severidad.  Los valores obtenidos utilizando estas t\u00e9cnicas son contrastados con las entidades financieras con las que  ENCE tiene contratados estos instrumentos financieros.  Las  valoraciones  a  valor  razonable  realizadas  sobre  los  diferentes  instrumentos  financieros  derivados,  quedan encuadradas en el nivel 2 de la jerarqu\u00eda de valores razonables establecida por la NIIF 13, por estar  los inputs basados en precios cotizados para instrumentos similares en mercados activos (no incluidos en el  nivel 1), precios cotizados para instrumentos id\u00e9nticos o similares en mercados que no son activos, y t\u00e9cnicas  basadas  en  modelos  de  valoraci\u00f3n  para  los  cuales  todos  los  inputs  significativos  son  observables  en  el  mercado o pueden ser corroborados por datos observables de mercado. En dicha clasificaci\u00f3n se ha tenido  en consideraci\u00f3n que los ajustes por riesgo de cr\u00e9dito utilizan inputs de nivel 3, como son las estimaciones  de  cr\u00e9dito  en  funci\u00f3n  del  rating  crediticio  o  de  empresas  comparables  para  evaluar  la  probabilidad  de  quiebra de la sociedad o de la contraparte, si bien, dichos ajustes no son significativos. Por otra parte, las  contraprestaciones contingentes que surgen en combinaciones de negocios que quedan encuadradas en el  nivel 3 de la jerarqu\u00eda (v\u00e9ase Nota 4). ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-536": {
   "value": "Valor razonable de los<span class=\"__1 _6\"></span> instrumento<span class=\"__1 _6\"></span>s financieros derivados<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> El <span class=\"__1 _4\"></span>valor <span class=\"__1 _8\"></span>razon<span class=\"__1 _6\"></span>able <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>distintos <span class=\"__1 _8\"></span>instrumentos<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>f<span class=\"__1 _5\"></span>inancieros <span class=\"__1 _4\"></span>se <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>etermina <span class=\"__1 _8\"></span>utiliza<span class=\"__1 _6\"></span>ndo <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>siguiente <span class=\"__1 _4\"></span>jerarqu\u00eda<span class=\"__1 _1bc\"> </span> establecida en NIIF 13:<span class=\"__1 _1bc\"> </span>Nivel 1: p<span class=\"__1 _6\"></span>or observaci\u00f3n d<span class=\"__1 _6\"></span>irecta de la cotizaci\u00f3n en mercad<span class=\"__1 _6\"></span>os activ<span class=\"__1 _6\"></span>os, de activos y pas<span class=\"__1 _6\"></span>ivos id\u00e9nticos. \u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4 fc0_1\">Nivel <span class=\"__1 _6\"></span>2: <span class=\"__1 _6\"></span>empleando <span class=\"__1 _6\"></span>inpu<span class=\"__1 _6\"></span>ts <span class=\"__1 _6\"></span>disponibles <span class=\"__1 _8\"></span>en mercados<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>activos, <span class=\"__1 _6\"></span>diferentes <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>precios <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>cotizaci\u00f3n, <span class=\"__1 _6\"></span>que<span class=\"__1 _1bc\"> </span></span></span><span class=\"ff2_1\"><span class=\"ff4 fc0_1\"> </span></span>son aplicables<span class=\"__1 _6\"></span> a los activos y pasivo<span class=\"__1 _6\"></span>s, tanto directa como indirectamente.<span class=\"__1 _1bc\"> </span><span class=\"__1 _8\"></span> \u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4 fc0_1\">Nivel <span class=\"__1 _4\"></span>3: <span class=\"__1 _4\"></span>utilizando <span class=\"__1 _4\"></span>t\u00e9cnicas <span class=\"__1 _4\"></span>de<span class=\"__1 _5\"></span> <span class=\"__1 _4\"></span>valoraci\u00f3n <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>incluyen <span class=\"__1 _4\"></span>inp<span class=\"__1 _5\"></span>uts <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>no <span class=\"__1 _4\"></span>est\u00e1n <span class=\"__1 _8\"></span>dispon<span class=\"__1 _6\"></span>ibles <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>n <span class=\"__1 _4\"></span>mercados<span class=\"__1 _1bc\"> </span></span></span><span class=\"ff2_1\"><span class=\"ff4 fc0_1\"> </span></span>activos.<span class=\"__1 _1bc\"> </span> La <span class=\"__1 _8\"></span>determinaci\u00f3n <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>valor <span class=\"__1 _4\"></span>ra<span class=\"__1 _5\"></span>zonable <span class=\"__1 _8\"></span>para <span class=\"__1 _8\"></span>cada <span class=\"__1 _8\"></span>uno <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>principales <span class=\"__1 _8\"></span>instru<span class=\"__1 _6\"></span>mentos <span class=\"__1 _8\"></span>financieros <span class=\"__1 _8\"></span>derivados<span class=\"__1 _1bc\"> </span> se lleva a cabo con el asesoramiento de expertos en<span class=\"__1 _6\"></span> este tipo de instrumentos finan<span class=\"__1 _6\"></span>cieros, <span class=\"__1 _6\"></span>a partir de datos<span class=\"__1 _1bc\"> </span> facilitados por agencias<span class=\"__1 _6\"></span> de informaci\u00f3n o d<span class=\"__1 _6\"></span>atos d<span class=\"__1 _6\"></span>e organismos oficiales<span class=\"__1 _6\"></span>, del siguiente <span class=\"__1 _6\"></span>modo:<span class=\"__1 _1bc\"> </span> \u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4 fc0_1\">El <span class=\"__1 _6\"></span>valo<span class=\"__1 _6\"></span>r <span class=\"__1 _6\"></span>razonable <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>per<span class=\"__1 _6\"></span>mutas <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>tipo <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>inter\u00e9s<span class=\"__1 _6\"></span> es<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>calculado <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>l v<span class=\"__1 _6\"></span>alor <span class=\"__1 _6\"></span>actualiza<span class=\"__1 _6\"></span>do <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>tipos <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span></span></span><span class=\"ff2_1\"><span class=\"ff4 fc0_1\"> </span></span>inter\u00e9s de mercado del diferencial de tipos del <span class=\"__1 _5\"></span>contrato de permuta. Dicha actualizaci\u00f3n se lleva a cabo<span class=\"__1 _1bc\"> </span> a p<span class=\"ls0_1\">artir de las curv<span class=\"__1 _6\"></span>as de tipos swap a largo plaz<span class=\"__1 _6\"></span>o.<span class=\"__1 _1bc\"> </span></span><span class=\"ls0_1\"> </span>\u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4 fc0_1\">En<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>el <span class=\"__1 _c6\"> </span>cas<span class=\"__1 _6\"></span>o <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>los <span class=\"__1 _ca\"> </span>contratos <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>tip<span class=\"__1 _6\"></span>o <span class=\"__1 _c6\"> </span>de <span class=\"__1 _ca\"> </span>cambio <span class=\"__1 _c6\"> </span>a <span class=\"__1 _c6\"> </span>futu<span class=\"__1 _6\"></span>ro, <span class=\"__1 _c6\"> </span>su <span class=\"__1 _c6\"> </span>valo<span class=\"__1 _6\"></span>raci\u00f3n <span class=\"__1 _c6\"> </span>se <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>etermina <span class=\"__1 _c6\"> </span>utilizand<span class=\"__1 _6\"></span>o <span class=\"__1 _c6\"> </span>las<span class=\"__1 _1bc\"> </span></span></span><span class=\"ff2_1\"><span class=\"ff4 fc0_1\"> </span></span>cotizaciones <span class=\"__1 _c6\"> </span>del <span class=\"__1 _c8\"> </span>conta<span class=\"__1 _6\"></span>do <span class=\"__1 _c8\"> </span>del <span class=\"__1 _c8\"> </span>tip<span class=\"__1 _6\"></span>o <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"> </span>cambio <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c6\"> </span>las <span class=\"__1 _c6\"> </span>curvas <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>tipos <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>inter\u00e9s <span class=\"__1 _c6\"> </span>a <span class=\"__1 _c8\"> </span>plazo <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>las <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>ivisas<span class=\"__1 _1bc\"> </span> implicadas, as<span class=\"__1 _6\"></span>\u00ed como el empleo de la v<span class=\"__1 _6\"></span>olatilidad impl\u00edcita h<span class=\"__1 _6\"></span>asta el vencimient<span class=\"__1 _6\"></span>o en el cas<span class=\"__1 _6\"></span>o de opcion<span class=\"__1 _6\"></span>es<span class=\"ls17\">. </span> \u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4 fc0_1\">El  valor <span class=\"__1 _c6\"> </span>razonable <span class=\"__1 _ca\"> </span>de <span class=\"__1 _c6\"> </span>los  contratos <span class=\"__1 _c6\"> </span>de  compraventa <span class=\"__1 _c6\"> </span>de <span class=\"__1 _ca\"> </span>elementos <span class=\"__1 _c6\"> </span>n<span class=\"__1 _6\"></span>o <span class=\"__1 _c6\"> </span>financi<span class=\"__1 _6\"></span>eros <span class=\"__1 _c6\"> </span>a  los <span class=\"__1 _c6\"> </span>que <span class=\"__1 _ca\"> </span>es <span class=\"__1 _c6\"> </span>de<span class=\"__1 _1bc\"> </span></span></span><span class=\"ff2_1\"><span class=\"ff4 fc0_1\"> </span></span>aplicaci\u00f3n la <span class=\"__1 _6\"></span>NIIF <span class=\"__1 _6\"></span>9 (pre<span class=\"__1 _6\"></span>cio de <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>celulosa <span class=\"__1 _6\"></span>y precio <span class=\"__1 _6\"></span>de la <span class=\"__1 _6\"></span>ener<span class=\"__1 _6\"></span>g\u00eda principa<span class=\"__1 _6\"></span>lmente) se <span class=\"__1 _6\"></span>calcula <span class=\"__1 _6\"></span>a p<span class=\"__1 _6\"></span>artir de <span class=\"__1 _6\"></span>la<span class=\"__1 _1bc\"> </span> mejor <span class=\"__1 _6\"></span>estima<span class=\"__1 _6\"></span>ci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>cu<span class=\"__1 _6\"></span>rvas <span class=\"__1 _8\"></span>futuras <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>precios <span class=\"__1 _8\"></span>de<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>dichos <span class=\"__1 _6\"></span>elementos <span class=\"__1 _8\"></span>no <span class=\"__1 _8\"></span>financieros, <span class=\"__1 _8\"></span>existente <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>la<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> fecha de cierre, utilizando, en la medida de lo posible, los precios establecidos en los mercados<span class=\"__1 _6\"></span> a plazo.<span class=\"__1 _1bc\"> </span>  En <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>utilizaci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>estos<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>modelos d<span class=\"__1 _6\"></span>e v<span class=\"__1 _6\"></span>aloraci\u00f3n <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>tienen <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>cuenta <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>riesgos<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>activo <span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>p<span class=\"__1 _8\"></span>asivo <span class=\"__1 _6\"></span>lleva<span class=\"__1 _1bc\"> </span> asociados, <span class=\"__1 _4\"></span>entre <span class=\"__1 _4\"></span>ellos <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>riesgo <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>cr\u00e9dito <span class=\"__1 _4\"></span>tanto <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>contraparte <span class=\"__1 _4\"></span>(Credit <span class=\"__1 _4\"></span>Valu<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>Adjustment) <span class=\"__1 _4\"></span>como <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>la<span class=\"__1 _1bc\"> </span> propia <span class=\"__1 _c8\"></span>entidad <span class=\"__1 _4\"></span>(Debit <span class=\"__1 _c8\"></span>Value <span class=\"__1 _4\"></span>Ad<span class=\"__1 _6\"></span>justment). <span class=\"__1 _c8\"></span>El <span class=\"__1 _4\"></span>riesgo <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>cr\u00e9d<span class=\"__1 _6\"></span>ito <span class=\"__1 _4\"></span>se <span class=\"__1 _c8\"></span>calcula <span class=\"__1 _4\"></span>de <span class=\"__1 _c8\"></span>acuerdo <span class=\"__1 _4\"></span>c<span class=\"__1 _6\"></span>on <span class=\"__1 _4\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>par\u00e1metros<span class=\"__1 _1bc\"> </span> exposici\u00f3n, prob<span class=\"__1 _6\"></span>abilidad de incumpli<span class=\"__1 _6\"></span>miento y s<span class=\"__1 _6\"></span>everidad.  Los <span class=\"__1 _8\"></span>valores <span class=\"__1 _8\"></span>obtenido<span class=\"__1 _6\"></span>s <span class=\"__1 _8\"></span>utilizando <span class=\"__1 _8\"></span>estas <span class=\"__1 _8\"></span>t\u00e9cnicas <span class=\"__1 _8\"></span>son <span class=\"__1 _8\"></span>contrastados<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>con <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>entidades <span class=\"__1 _8\"></span>financieras <span class=\"__1 _8\"></span>con <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>que<span class=\"__1 _1bc\"> </span> ENCE tiene contrata<span class=\"__1 _6\"></span>dos estos instrumentos<span class=\"__1 _6\"></span> financieros.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> Las  valoraciones  a  valor  razonable  realizadas  sobre  los  diferentes  instru<span class=\"__1 _6\"></span>mentos<span class=\"__1 _6\"></span>  financieros  derivados,<span class=\"__1 _1bc\"> </span> quedan <span class=\"__1 _6\"></span>encuadradas<span class=\"__1 _6\"></span> en <span class=\"__1 _6\"></span>el nivel 2 <span class=\"__1 _6\"></span>de la <span class=\"__1 _6\"></span>jerarqu\u00eda <span class=\"__1 _6\"></span>de valo<span class=\"__1 _6\"></span>res razonab<span class=\"__1 _6\"></span>les esta<span class=\"__1 _6\"></span>blecida por <span class=\"__1 _6\"></span>la NIIF <span class=\"__1 _6\"></span>13, po<span class=\"__1 _6\"></span>r estar<span class=\"__1 _1bc\"> </span> los inputs basad<span class=\"__1 _6\"></span>os en precios cotizados p<span class=\"__1 _6\"></span>ara instrumentos similares en mercados a<span class=\"__1 _6\"></span>ctivos (no incluidos en el<span class=\"__1 _1bc\"> </span>nivel <span class=\"__1 _70\"></span>1), <span class=\"__1 _5\"></span>precios <span class=\"__1 _70\"></span>cot<span class=\"__1 _6\"></span>izados <span class=\"__1 _5\"></span>para <span class=\"__1 _70\"></span>instru<span class=\"__1 _6\"></span>mentos <span class=\"__1 _70\"></span>id\u00e9nticos<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>o <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>imilares <span class=\"__1 _70\"></span>en <span class=\"__1 _70\"></span>mercados<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>que no <span class=\"__1 _70\"></span>son <span class=\"__1 _70\"></span>activos<span class=\"__1 _6\"></span>, <span class=\"__1 _70\"></span>y <span class=\"__1 _70\"></span>t\u00e9cnicas<span class=\"__1 _1bc\"> </span> basadas <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c8\"> </span>modelos<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>valoraci\u00f3n <span class=\"__1 _c6\"> </span>para <span class=\"__1 _c6\"> </span>los <span class=\"__1 _c6\"> </span>cuales <span class=\"__1 _c6\"> </span>todos <span class=\"__1 _c8\"> </span>los <span class=\"__1 _c6\"> </span>inputs <span class=\"__1 _c6\"> </span>significativos <span class=\"__1 _c6\"> </span>son <span class=\"__1 _c8\"> </span>obs<span class=\"__1 _6\"></span>ervables <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c8\"> </span>el<span class=\"__1 _1bc\"> </span> mercado o <span class=\"__1 _6\"></span>pueden s<span class=\"__1 _6\"></span>er corrob<span class=\"__1 _6\"></span>orados <span class=\"__1 _6\"></span>por <span class=\"__1 _6\"></span>datos observa<span class=\"__1 _8\"></span>bles de mercado<span class=\"__1 _6\"></span>. En<span class=\"__1 _6\"></span> dicha <span class=\"__1 _6\"></span>clasificaci\u00f3n<span class=\"__1 _6\"></span> se <span class=\"__1 _6\"></span>ha ten<span class=\"__1 _6\"></span>ido<span class=\"__1 _1bc\"> </span> en <span class=\"__1 _6\"></span>consideraci\u00f3n <span class=\"__1 _6\"></span>que <span class=\"__1 _8\"></span>los <span class=\"__1 _6\"></span>ajustes p<span class=\"__1 _6\"></span>or <span class=\"__1 _6\"></span>riesgo <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>cr\u00e9dito <span class=\"__1 _6\"></span>utilizan <span class=\"__1 _6\"></span>inputs <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>nivel <span class=\"__1 _6\"></span>3, <span class=\"__1 _6\"></span>como s<span class=\"__1 _6\"></span>on las<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>estimaciones<span class=\"__1 _1bc\"> </span> de <span class=\"__1 _c8\"> </span>cr\u00e9dito <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c8\"> </span>fun<span class=\"__1 _6\"></span>ci\u00f3n <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _c8\"> </span>ra<span class=\"__1 _6\"></span>ting <span class=\"__1 _c8\"> </span>crediticio <span class=\"__1 _c6\"> </span>o <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c8\"> </span>empresa<span class=\"__1 _6\"></span>s <span class=\"__1 _c6\"> </span>comparables <span class=\"__1 _c6\"> </span>para <span class=\"__1 _c6\"> </span>evaluar <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c8\"> </span>probabil<span class=\"__1 _8\"></span>idad<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>de<span class=\"__1 _1bc\"> </span> quiebra <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>sociedad <span class=\"__1 _8\"></span>o <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>contraparte<span class=\"__1 _6\"></span>, <span class=\"__1 _8\"></span>si <span class=\"__1 _8\"></span>bien, <span class=\"__1 _8\"></span>dichos <span class=\"__1 _8\"></span>ajustes <span class=\"__1 _8\"></span>no <span class=\"__1 _8\"></span>son <span class=\"__1 _8\"></span>significativos. <span class=\"__1 _8\"></span>Por <span class=\"__1 _8\"></span>otra<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>parte, <span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>as<span class=\"__1 _1bc\"> </span> contraprestacion<span class=\"__1 _6\"></span>es contin<span class=\"__1 _6\"></span>gentes que <span class=\"__1 _6\"></span>surgen <span class=\"__1 _6\"></span>en combinacion<span class=\"__1 _6\"></span>es de <span class=\"__1 _6\"></span>negocios <span class=\"__1 _6\"></span>que quedan<span class=\"__1 _6\"></span> encuadradas<span class=\"__1 _6\"></span> en <span class=\"__1 _6\"></span>el<span class=\"__1 _1bc\"> </span> nivel 3 de la jerarqu\u00eda <span class=\"__1 _6\"></span>(v\u00e9ase Nota <span class=\"__1 _6\"></span><span class=\"ls12\">4)</span>.<span class=\"__1 _1bc\"> </span>La <span class=\"__1 _6\"></span>valoraci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>instrumentos <span class=\"__1 _6\"></span>finan<span class=\"__1 _6\"></span>cieros derivad<span class=\"__1 _6\"></span>os s<span class=\"__1 _6\"></span>e ha <span class=\"__1 _6\"></span>realizado <span class=\"__1 _6\"></span>consid<span class=\"__1 _6\"></span>erando <span class=\"__1 _6\"></span>informaci\u00f3n <span class=\"__1 _6\"></span>de n<span class=\"__1 _6\"></span>ivel<span class=\"__1 _1bc\"> </span>2, <span class=\"__1 _cb\"> </span>esto <span class=\"__1 _cb\"> </span>es, <span class=\"__1 _cb\"> </span>utilizando <span class=\"__1 _cb\"> </span>variables <span class=\"__1 _cb\"> </span>diferentes<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>de <span class=\"__1 _150\"> </span>p<span class=\"__1 _6\"></span>recios <span class=\"__1 _cb\"> </span>cotizados<span class=\"__1 _6\"></span>, <span class=\"__1 _cb\"> </span>que <span class=\"__1 _cb\"> </span>son <span class=\"__1 _150\"> </span>ob<span class=\"__1 _6\"></span>servables <span class=\"__1 _cb\"> </span>bien <span class=\"__1 _cb\"> </span>directa <span class=\"__1 _cb\"> </span>o<span class=\"__1 _1bc\"> </span>indirectamente <span class=\"__1 _6\"></span>(v\u00e9as<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>Nota<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>3.8). <span class=\"__1 _8\"></span>Por <span class=\"__1 _6\"></span>su <span class=\"__1 _8\"></span>parte, <span class=\"__1 _6\"></span>para <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>valoraci\u00f3n <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>valor <span class=\"__1 _6\"></span>razo<span class=\"__1 _6\"></span>nable <span class=\"__1 _6\"></span>de<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>contraprestaci\u00f3n<span class=\"__1 _1bc\"> </span>contingente se utilizan<span class=\"__1 _6\"></span> variabl<span class=\"__1 _6\"></span>es del nivel 3 in<span class=\"__1 _6\"></span>cluyendo los t<span class=\"__1 _6\"></span>\u00e9rminos del con<span class=\"__1 _8\"></span>trato de venta, el con<span class=\"__1 _6\"></span>ocimiento<span class=\"__1 _1bc\"> </span>por parte del Grupo d<span class=\"__1 _6\"></span>e su negocio y lo<span class=\"__1 _6\"></span>s efectos <span class=\"__1 _6\"></span>del entorno econ\u00f3mico act<span class=\"__1 _6\"></span>ual.<span class=\"__1 _1bc\"> </span>El valor <span class=\"__1 _5\"></span>razonable de <span class=\"__1 _5\"></span>los activos y <span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>asivos financieros valorados a <span class=\"__1 _70\"></span>cos<span class=\"__1 _6\"></span>te amortizado, <span class=\"__1 _5\"></span>entre los que <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _5\"></span>incluye<span class=\"__1 _1bc\"> </span>la <span class=\"__1 _6\"></span>financiaci\u00f3n <span class=\"__1 _8\"></span>contratada <span class=\"__1 _8\"></span>a <span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>po <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>inter\u00e9s <span class=\"__1 _8\"></span>fijo <span class=\"__1 _6\"></span>(v\u00e9a<span class=\"__1 _6\"></span>nse <span class=\"__1 _6\"></span>N<span class=\"__1 _6\"></span>otas<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>5 <span class=\"__1 _6\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>28), <span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>di<span class=\"__1 _6\"></span>fiere <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>forma <span class=\"__1 _8\"></span>significativa <span class=\"__1 _6\"></span>del<span class=\"__1 _1bc\"> </span>importe al que se encuentra<span class=\"__1 _6\"></span>n registrados. Siguiendo la pol\u00edtica d<span class=\"__1 _6\"></span>e gesti\u00f3n d<span class=\"__1 _6\"></span>e riesgos financieros d<span class=\"__1 _6\"></span>escrita en <span class=\"__1 _6\"></span>la No<span class=\"__1 _6\"></span>ta 5, el Grupo <span class=\"__1 _6\"></span>realiza contrata<span class=\"__1 _6\"></span>ciones<span class=\"__1 _1bc\"> </span>de instrumentos fin<span class=\"__1 _6\"></span>ancieros derivado<span class=\"__1 _6\"></span>s principalmente para <span class=\"__1 _6\"></span>cubrir sus r<span class=\"__1 _6\"></span>iesgos financieros.<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _5\"></span>detalle <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>este ep\u00edgrafe <span class=\"__1 _5\"></span>del Estado <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>Situ<span class=\"__1 _6\"></span>aci\u00f3n <span class=\"__1 _5\"></span>Financiera Consolidado <span class=\"__1 _70\"></span>al 31 <span class=\"__1 _70\"></span>de diciembre <span class=\"__1 _70\"></span>de 2023 <span class=\"__1 _70\"></span>y 2022<span class=\"__1 _1bc\"> </span>que <span class=\"__1 _6\"></span>se <span class=\"__1 _8\"></span>corresponde <span class=\"__1 _6\"></span>con <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>val<span class=\"__1 _6\"></span>or <span class=\"__1 _6\"></span>razonab<span class=\"__1 _6\"></span>le <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>instru<span class=\"__1 _6\"></span>mentos <span class=\"__1 _6\"></span>financieros <span class=\"__1 _8\"></span>derivados <span class=\"__1 _8\"></span>en es<span class=\"__1 _6\"></span>as <span class=\"__1 _6\"></span>fechas,<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>el<span class=\"__1 _1bc\"> </span>siguiente: El <span class=\"__1 _70\"></span>importe <span class=\"__1 _5\"></span>del <span class=\"__1 _70\"></span>valor razonable <span class=\"__1 _70\"></span>tras<span class=\"__1 _6\"></span>pasado <span class=\"__1 _70\"></span>al resultado <span class=\"__1 _70\"></span>del <span class=\"__1 _70\"></span>ejercicio <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>los instrumentos <span class=\"__1 _70\"></span>financieros derivados<span class=\"__1 _1bc\"> </span>al 31 de diciembre de 20<span class=\"__1 _6\"></span>23 y 2022 es el siguient<span class=\"__1 _6\"></span>e:<span class=\"__1 _1bc\"> </span>Todos <span class=\"__1 _8\"></span>los <span class=\"__1 _4\"></span>instrumentos <span class=\"__1 _8\"></span>financieros <span class=\"__1 _8\"></span>derivad<span class=\"__1 _6\"></span>os <span class=\"__1 _8\"></span>contra<span class=\"__1 _6\"></span>tados <span class=\"__1 _8\"></span>por <span class=\"__1 _8\"></span>E<span class=\"__1 _6\"></span>NCE <span class=\"__1 _8\"></span>al <span class=\"__1 _4\"></span>31<span class=\"__1 _70\"></span> <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>diciembre <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>2023 <span class=\"__1 _4\"></span>califican<span class=\"__1 _1bc\"> </span>como cobertura conta<span class=\"__1 _6\"></span>ble. Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es <span class=\"__1 _6\"></span>de E<span class=\"__1 _70\"></span>u<span class=\"__1 _6\"></span>ro<span class=\"__1 _6\"></span>s<span class=\"__1 _133\"> </span>31<span class=\"__1 _6\"></span>/12<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>02<span class=\"__1 _6\"></span>3<span class=\"__1 _179\"> </span>3<span class=\"__1 _6\"></span>1/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/20<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>2<span class=\"__1 _c1\"> </span>31/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/20<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3<span class=\"__1 _179\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>22<span class=\"__1 _179\"> </span>3<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>/12<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>02<span class=\"__1 _6\"></span>3<span class=\"__1 _179\"> </span>3<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>/12<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>02<span class=\"__1 _6\"></span>2<span class=\"__1 _179\"> </span>3<span class=\"__1 _6\"></span>1/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/20<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3<span class=\"__1 _179\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>22<span class=\"__1 _1bc\"> </span>Cobertura<span class=\"__1 _8\"></span> de fl<span class=\"__1 _6\"></span>uj<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> efe<span class=\"__1 _70\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vo-   I<span class=\"__1 _6\"></span>RSwa<span class=\"__1 _6\"></span>p<span class=\"__1 _109\"> </span><span class=\"ls91\">            1.28<span class=\"__1 _6\"></span>3 <span class=\"__1 _cd\"> </span>            3.22<span class=\"__1 _6\"></span>4 <span class=\"__1 _cb\"> </span>            1<span class=\"__1 _6\"></span>.718<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>            2<span class=\"__1 _6\"></span>.579<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>            3<span class=\"__1 _6\"></span>.441<span class=\"__1 _6\"></span> <span class=\"__1 _2a\"> </span>                   -   <span class=\"__1 _6\"></span>               5<span class=\"__1 _6\"></span>93<span class=\"__1 _6\"></span> <span class=\"__1 _2a\"> </span>                   -</span>   Comi<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>\u00f3<span class=\"__1 _6\"></span>n es<span class=\"__1 _6\"></span>truc<span class=\"__1 _6\"></span>tura<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3n I<span class=\"__1 _8\"></span>RSwap<span class=\"__1 _1b\"> </span><span class=\"ls91\">                  27 <span class=\"__1 _ce\"> </span>               1<span class=\"__1 _6\"></span>07<span class=\"__1 _6\"></span> <span class=\"__1 _119\"> </span>                   -   <span class=\"__1 _c9\"> </span>                   -   <span class=\"__1 _c9\"> </span>                   -   <span class=\"__1 _c9\"> </span>                   -   <span class=\"__1 _c9\"> </span>                   -   <span class=\"__1 _c9\"> </span>                   - </span>   Cobertur<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> de di<span class=\"__1 _6\"></span>vi<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>a<span class=\"__1 _191\"> </span><span class=\"ls91\">                   -   <span class=\"__1 _c9\"> </span>                   -   <span class=\"__1 _70\"></span>            1<span class=\"__1 _6\"></span>.057<span class=\"__1 _6\"></span> <span class=\"__1 _2a\"> </span>                   -   <span class=\"__1 _c9\"> </span>                   -   <span class=\"__1 _c9\"> </span>                   -   <span class=\"__1 _c9\"> </span>                   -   <span class=\"__1 _6\"></span>               3<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span></span>Tota<span class=\"__1 _5\"></span>l<span class=\"__1 _8c\"> </span><span class=\"ls91\">            1.310<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>            3<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>33<span class=\"__1 _6\"></span>1 <span class=\"__1 _cb\"> </span>            2<span class=\"__1 _6\"></span>.775<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>            2.57<span class=\"__1 _6\"></span>9 <span class=\"__1 _cd\"> </span>            3.441<span class=\"__1 _6\"></span> <span class=\"__1 _2a\"> </span>                   -   <span class=\"__1 _7c\"> </span><span class=\"ls92\">593<span class=\"__1 _16\"> </span>358<span class=\"__1 _1bc\"> </span></span></span>A<span class=\"__1 _5\"></span>cti<span class=\"__1 _8\"></span>vo no c<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ent<span class=\"__1 _70\"></span>e<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _5\"></span>cti<span class=\"__1 _8\"></span>vo c<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>ente<span class=\"__1 _1bc\"> </span>Pa<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>vo no c<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>rr<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ent<span class=\"__1 _5\"></span>e<span class=\"__1 _1bc\"> </span>Pa<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>vo c<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>te<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> Euro<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> - I<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>gres<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>/(Ga<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>to)<span class=\"__1 _8e\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3<span class=\"__1 _aa\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>I<span class=\"__1 _6\"></span>mpa<span class=\"__1 _6\"></span>c<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>o en res<span class=\"__1 _6\"></span>ul<span class=\"__1 _4\"></span>t<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span>dos<span class=\"__1 _8\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> e<span class=\"__1 _5\"></span>xp<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>ota<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3<span class=\"__1 _6\"></span>n-   Cob<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>t<span class=\"__1 _5\"></span>ur<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span> de di<span class=\"__1 _8\"></span>vi<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>a<span class=\"__1 _176\"> </span><span class=\"ls93\">              (37<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>        (2<span class=\"__1 _6\"></span>0.4<span class=\"__1 _6\"></span>25<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>Cobertur<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>pr<span class=\"__1 _6\"></span>eci<span class=\"__1 _8\"></span>o d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> l<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span> c<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>a<span class=\"__1 _6b\"> </span><span class=\"ls93\">                     - <span class=\"__1 _cd\"> </span>                  73</span>   Cob<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>t<span class=\"__1 _5\"></span>ur<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span> pr<span class=\"__1 _6\"></span>eci<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span> ve<span class=\"__1 _5\"></span>nta<span class=\"__1 _6\"></span> ene<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>g\u00eda<span class=\"__1 _8\"></span> e<span class=\"__1 _70\"></span>l<span class=\"__1 _4\"></span>\u00e9<span class=\"__1 _70\"></span>c<span class=\"__1 _6\"></span>tri<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _14d\"> </span><span class=\"ls93\">                     - <span class=\"__1 _cf\"> </span>                    9<span class=\"__1 _1bc\"> </span></span>Subtota<span class=\"__1 _6\"></span>l<span class=\"__1 _128\"> </span><span class=\"ls93\">              (3<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>        (2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.343<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>I<span class=\"__1 _6\"></span>mpa<span class=\"__1 _6\"></span>c<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>o en res<span class=\"__1 _6\"></span>ul<span class=\"__1 _4\"></span>t<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span>dos<span class=\"__1 _8\"></span> fi<span class=\"__1 _4\"></span>na<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _4\"></span>e<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span>-   I<span class=\"__1 _8\"></span>RSw<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span> (Not<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span> 1<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>)<span class=\"__1 _13b\"> </span><span class=\"ls93\">            3<span class=\"__1 _6\"></span>.24<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>          (1.46<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>T<span class=\"__1 _5\"></span>ot<span class=\"__1 _6\"></span>a<span class=\"__1 _5\"></span>l<span class=\"__1 _121\"> </span><span class=\"ls93\">            2<span class=\"__1 _6\"></span>.<span class=\"__1 _70\"></span>8<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>          (2<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.<span class=\"__1 _70\"></span>8<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-11": {
   "value": "Valor razonable de los<span class=\"__1 _6\"></span> instrumento<span class=\"__1 _6\"></span>s financieros derivados<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _4\"></span>valor <span class=\"__1 _8\"></span>razon<span class=\"__1 _6\"></span>able <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>distintos <span class=\"__1 _8\"></span>instrumentos<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>f<span class=\"__1 _5\"></span>inancieros <span class=\"__1 _4\"></span>se <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>etermina <span class=\"__1 _8\"></span>utiliza<span class=\"__1 _6\"></span>ndo <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>siguiente <span class=\"__1 _4\"></span>jerarqu\u00eda<span class=\"__1 _1bc\"> </span>establecida en NIIF 13:<span class=\"__1 _1bc\"> </span>\u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4 fc0_1\">Nivel 1: p<span class=\"__1 _6\"></span>or observaci\u00f3n d<span class=\"__1 _6\"></span>irecta de la cotizaci\u00f3n en mercad<span class=\"__1 _6\"></span>os activ<span class=\"__1 _6\"></span>os, de activos y pas<span class=\"__1 _6\"></span>ivos id\u00e9nticos. </span></span>\u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4 fc0_1\">Nivel <span class=\"__1 _6\"></span>2: <span class=\"__1 _6\"></span>empleando <span class=\"__1 _6\"></span>inpu<span class=\"__1 _6\"></span>ts <span class=\"__1 _6\"></span>disponibles <span class=\"__1 _8\"></span>en mercados<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>activos, <span class=\"__1 _6\"></span>diferentes <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>precios <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>cotizaci\u00f3n, <span class=\"__1 _6\"></span>que<span class=\"__1 _1bc\"> </span></span></span>son aplicables<span class=\"__1 _6\"></span> a los activos y pasivo<span class=\"__1 _6\"></span>s, tanto directa como indirectamente.<span class=\"__1 _1bc\"> </span>\u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4 fc0_1\">Nivel <span class=\"__1 _4\"></span>3: <span class=\"__1 _4\"></span>utilizando <span class=\"__1 _4\"></span>t\u00e9cnicas <span class=\"__1 _4\"></span>de<span class=\"__1 _5\"></span> <span class=\"__1 _4\"></span>valoraci\u00f3n <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>incluyen <span class=\"__1 _4\"></span>inp<span class=\"__1 _5\"></span>uts <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>no <span class=\"__1 _4\"></span>est\u00e1n <span class=\"__1 _8\"></span>dispon<span class=\"__1 _6\"></span>ibles <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>n <span class=\"__1 _4\"></span>mercados<span class=\"__1 _1bc\"> </span></span></span>activos.<span class=\"__1 _1bc\"> </span>La <span class=\"__1 _8\"></span>determinaci\u00f3n <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>valor <span class=\"__1 _4\"></span>ra<span class=\"__1 _5\"></span>zonable <span class=\"__1 _8\"></span>para <span class=\"__1 _8\"></span>cada <span class=\"__1 _8\"></span>uno <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>principales <span class=\"__1 _8\"></span>instru<span class=\"__1 _6\"></span>mentos <span class=\"__1 _8\"></span>financieros <span class=\"__1 _8\"></span>derivados<span class=\"__1 _1bc\"> </span>se lleva a cabo con el asesoramiento de expertos en<span class=\"__1 _6\"></span> este tipo de instrumentos finan<span class=\"__1 _6\"></span>cieros, <span class=\"__1 _6\"></span>a partir de datos<span class=\"__1 _1bc\"> </span>facilitados por agencias<span class=\"__1 _6\"></span> de informaci\u00f3n o d<span class=\"__1 _6\"></span>atos d<span class=\"__1 _6\"></span>e organismos oficiales<span class=\"__1 _6\"></span>, del siguiente <span class=\"__1 _6\"></span>modo:<span class=\"__1 _1bc\"> </span>\u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4 fc0_1\">El <span class=\"__1 _6\"></span>valo<span class=\"__1 _6\"></span>r <span class=\"__1 _6\"></span>razonable <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>per<span class=\"__1 _6\"></span>mutas <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>tipo <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>inter\u00e9s<span class=\"__1 _6\"></span> es<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>calculado <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>l v<span class=\"__1 _6\"></span>alor <span class=\"__1 _6\"></span>actualiza<span class=\"__1 _6\"></span>do <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>tipos <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span></span></span>inter\u00e9s de mercado del diferencial de tipos del <span class=\"__1 _5\"></span>contrato de permuta. Dicha actualizaci\u00f3n se lleva a cabo<span class=\"__1 _1bc\"> </span>a p<span class=\"ls0_1\">artir de las curv<span class=\"__1 _6\"></span>as de tipos swap a largo plaz<span class=\"__1 _6\"></span>o.<span class=\"__1 _1bc\"> </span></span>\u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4 fc0_1\">En<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>el <span class=\"__1 _c6\"> </span>cas<span class=\"__1 _6\"></span>o <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>los <span class=\"__1 _ca\"> </span>contratos <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>tip<span class=\"__1 _6\"></span>o <span class=\"__1 _c6\"> </span>de <span class=\"__1 _ca\"> </span>cambio <span class=\"__1 _c6\"> </span>a <span class=\"__1 _c6\"> </span>futu<span class=\"__1 _6\"></span>ro, <span class=\"__1 _c6\"> </span>su <span class=\"__1 _c6\"> </span>valo<span class=\"__1 _6\"></span>raci\u00f3n <span class=\"__1 _c6\"> </span>se <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>etermina <span class=\"__1 _c6\"> </span>utilizand<span class=\"__1 _6\"></span>o <span class=\"__1 _c6\"> </span>las<span class=\"__1 _1bc\"> </span></span></span>cotizaciones <span class=\"__1 _c6\"> </span>del <span class=\"__1 _c8\"> </span>conta<span class=\"__1 _6\"></span>do <span class=\"__1 _c8\"> </span>del <span class=\"__1 _c8\"> </span>tip<span class=\"__1 _6\"></span>o <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"> </span>cambio <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c6\"> </span>las <span class=\"__1 _c6\"> </span>curvas <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>tipos <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>inter\u00e9s <span class=\"__1 _c6\"> </span>a <span class=\"__1 _c8\"> </span>plazo <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>las <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>ivisas<span class=\"__1 _1bc\"> </span>implicadas, as<span class=\"__1 _6\"></span>\u00ed como el empleo de la v<span class=\"__1 _6\"></span>olatilidad impl\u00edcita h<span class=\"__1 _6\"></span>asta el vencimient<span class=\"__1 _6\"></span>o en el cas<span class=\"__1 _6\"></span>o de opcion<span class=\"__1 _6\"></span>es<span class=\"ls17\">. </span>\u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4 fc0_1\">El  valor <span class=\"__1 _c6\"> </span>razonable <span class=\"__1 _ca\"> </span>de <span class=\"__1 _c6\"> </span>los  contratos <span class=\"__1 _c6\"> </span>de  compraventa <span class=\"__1 _c6\"> </span>de <span class=\"__1 _ca\"> </span>elementos <span class=\"__1 _c6\"> </span>n<span class=\"__1 _6\"></span>o <span class=\"__1 _c6\"> </span>financi<span class=\"__1 _6\"></span>eros <span class=\"__1 _c6\"> </span>a  los <span class=\"__1 _c6\"> </span>que <span class=\"__1 _ca\"> </span>es <span class=\"__1 _c6\"> </span>de<span class=\"__1 _1bc\"> </span></span></span>aplicaci\u00f3n la <span class=\"__1 _6\"></span>NIIF <span class=\"__1 _6\"></span>9 (pre<span class=\"__1 _6\"></span>cio de <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>celulosa <span class=\"__1 _6\"></span>y precio <span class=\"__1 _6\"></span>de la <span class=\"__1 _6\"></span>ener<span class=\"__1 _6\"></span>g\u00eda principa<span class=\"__1 _6\"></span>lmente) se <span class=\"__1 _6\"></span>calcula <span class=\"__1 _6\"></span>a p<span class=\"__1 _6\"></span>artir de <span class=\"__1 _6\"></span>la<span class=\"__1 _1bc\"> </span>mejor <span class=\"__1 _6\"></span>estima<span class=\"__1 _6\"></span>ci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>cu<span class=\"__1 _6\"></span>rvas <span class=\"__1 _8\"></span>futuras <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>precios <span class=\"__1 _8\"></span>de<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>dichos <span class=\"__1 _6\"></span>elementos <span class=\"__1 _8\"></span>no <span class=\"__1 _8\"></span>financieros, <span class=\"__1 _8\"></span>existente <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>la<span class=\"__1 _1bc\"> </span>fecha de cierre, utilizando, en la medida de lo posible, los precios establecidos en los mercados<span class=\"__1 _6\"></span> a plazo.<span class=\"__1 _1bc\"> </span>En <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>utilizaci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>estos<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>modelos d<span class=\"__1 _6\"></span>e v<span class=\"__1 _6\"></span>aloraci\u00f3n <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>tienen <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>cuenta <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>riesgos<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>activo <span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>p<span class=\"__1 _8\"></span>asivo <span class=\"__1 _6\"></span>lleva<span class=\"__1 _1bc\"> </span>asociados, <span class=\"__1 _4\"></span>entre <span class=\"__1 _4\"></span>ellos <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>riesgo <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>cr\u00e9dito <span class=\"__1 _4\"></span>tanto <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>contraparte <span class=\"__1 _4\"></span>(Credit <span class=\"__1 _4\"></span>Valu<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>Adjustment) <span class=\"__1 _4\"></span>como <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>la<span class=\"__1 _1bc\"> </span>propia <span class=\"__1 _c8\"></span>entidad <span class=\"__1 _4\"></span>(Debit <span class=\"__1 _c8\"></span>Value <span class=\"__1 _4\"></span>Ad<span class=\"__1 _6\"></span>justment). <span class=\"__1 _c8\"></span>El <span class=\"__1 _4\"></span>riesgo <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>cr\u00e9d<span class=\"__1 _6\"></span>ito <span class=\"__1 _4\"></span>se <span class=\"__1 _c8\"></span>calcula <span class=\"__1 _4\"></span>de <span class=\"__1 _c8\"></span>acuerdo <span class=\"__1 _4\"></span>c<span class=\"__1 _6\"></span>on <span class=\"__1 _4\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>par\u00e1metros<span class=\"__1 _1bc\"> </span>exposici\u00f3n, prob<span class=\"__1 _6\"></span>abilidad de incumpli<span class=\"__1 _6\"></span>miento y s<span class=\"__1 _6\"></span>everidad. Los <span class=\"__1 _8\"></span>valores <span class=\"__1 _8\"></span>obtenido<span class=\"__1 _6\"></span>s <span class=\"__1 _8\"></span>utilizando <span class=\"__1 _8\"></span>estas <span class=\"__1 _8\"></span>t\u00e9cnicas <span class=\"__1 _8\"></span>son <span class=\"__1 _8\"></span>contrastados<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>con <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>entidades <span class=\"__1 _8\"></span>financieras <span class=\"__1 _8\"></span>con <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>que<span class=\"__1 _1bc\"> </span>ENCE tiene contrata<span class=\"__1 _6\"></span>dos estos instrumentos<span class=\"__1 _6\"></span> financieros.<span class=\"__1 _1bc\"> </span>Las  valoraciones  a  valor  razonable  realizadas  sobre  los  diferentes  instru<span class=\"__1 _6\"></span>mentos<span class=\"__1 _6\"></span>  financieros  derivados,<span class=\"__1 _1bc\"> </span>quedan <span class=\"__1 _6\"></span>encuadradas<span class=\"__1 _6\"></span> en <span class=\"__1 _6\"></span>el nivel 2 <span class=\"__1 _6\"></span>de la <span class=\"__1 _6\"></span>jerarqu\u00eda <span class=\"__1 _6\"></span>de valo<span class=\"__1 _6\"></span>res razonab<span class=\"__1 _6\"></span>les esta<span class=\"__1 _6\"></span>blecida por <span class=\"__1 _6\"></span>la NIIF <span class=\"__1 _6\"></span>13, po<span class=\"__1 _6\"></span>r estar<span class=\"__1 _1bc\"> </span>los inputs basad<span class=\"__1 _6\"></span>os en precios cotizados p<span class=\"__1 _6\"></span>ara instrumentos similares en mercados a<span class=\"__1 _6\"></span>ctivos (no incluidos en el<span class=\"__1 _1bc\"> </span>nivel <span class=\"__1 _70\"></span>1), <span class=\"__1 _5\"></span>precios <span class=\"__1 _70\"></span>cot<span class=\"__1 _6\"></span>izados <span class=\"__1 _5\"></span>para <span class=\"__1 _70\"></span>instru<span class=\"__1 _6\"></span>mentos <span class=\"__1 _70\"></span>id\u00e9nticos<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>o <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>imilares <span class=\"__1 _70\"></span>en <span class=\"__1 _70\"></span>mercados<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>que no <span class=\"__1 _70\"></span>son <span class=\"__1 _70\"></span>activos<span class=\"__1 _6\"></span>, <span class=\"__1 _70\"></span>y <span class=\"__1 _70\"></span>t\u00e9cnicas<span class=\"__1 _1bc\"> </span> basadas <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c8\"> </span>modelos<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>valoraci\u00f3n <span class=\"__1 _c6\"> </span>para <span class=\"__1 _c6\"> </span>los <span class=\"__1 _c6\"> </span>cuales <span class=\"__1 _c6\"> </span>todos <span class=\"__1 _c8\"> </span>los <span class=\"__1 _c6\"> </span>inputs <span class=\"__1 _c6\"> </span>significativos <span class=\"__1 _c6\"> </span>son <span class=\"__1 _c8\"> </span>obs<span class=\"__1 _6\"></span>ervables <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c8\"> </span>el<span class=\"__1 _1bc\"> </span> mercado o <span class=\"__1 _6\"></span>pueden s<span class=\"__1 _6\"></span>er corrob<span class=\"__1 _6\"></span>orados <span class=\"__1 _6\"></span>por <span class=\"__1 _6\"></span>datos observa<span class=\"__1 _8\"></span>bles de mercado<span class=\"__1 _6\"></span>. En<span class=\"__1 _6\"></span> dicha <span class=\"__1 _6\"></span>clasificaci\u00f3n<span class=\"__1 _6\"></span> se <span class=\"__1 _6\"></span>ha ten<span class=\"__1 _6\"></span>ido<span class=\"__1 _1bc\"> </span> en <span class=\"__1 _6\"></span>consideraci\u00f3n <span class=\"__1 _6\"></span>que <span class=\"__1 _8\"></span>los <span class=\"__1 _6\"></span>ajustes p<span class=\"__1 _6\"></span>or <span class=\"__1 _6\"></span>riesgo <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>cr\u00e9dito <span class=\"__1 _6\"></span>utilizan <span class=\"__1 _6\"></span>inputs <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>nivel <span class=\"__1 _6\"></span>3, <span class=\"__1 _6\"></span>como s<span class=\"__1 _6\"></span>on las<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>estimaciones<span class=\"__1 _1bc\"> </span> de <span class=\"__1 _c8\"> </span>cr\u00e9dito <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c8\"> </span>fun<span class=\"__1 _6\"></span>ci\u00f3n <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _c8\"> </span>ra<span class=\"__1 _6\"></span>ting <span class=\"__1 _c8\"> </span>crediticio <span class=\"__1 _c6\"> </span>o <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c8\"> </span>empresa<span class=\"__1 _6\"></span>s <span class=\"__1 _c6\"> </span>comparables <span class=\"__1 _c6\"> </span>para <span class=\"__1 _c6\"> </span>evaluar <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c8\"> </span>probabil<span class=\"__1 _8\"></span>idad<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>de<span class=\"__1 _1bc\"> </span> quiebra <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>sociedad <span class=\"__1 _8\"></span>o <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>contraparte<span class=\"__1 _6\"></span>, <span class=\"__1 _8\"></span>si <span class=\"__1 _8\"></span>bien, <span class=\"__1 _8\"></span>dichos <span class=\"__1 _8\"></span>ajustes <span class=\"__1 _8\"></span>no <span class=\"__1 _8\"></span>son <span class=\"__1 _8\"></span>significativos. <span class=\"__1 _8\"></span>Por <span class=\"__1 _8\"></span>otra<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>parte, <span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>as<span class=\"__1 _1bc\"> </span> contraprestacion<span class=\"__1 _6\"></span>es contin<span class=\"__1 _6\"></span>gentes que <span class=\"__1 _6\"></span>surgen <span class=\"__1 _6\"></span>en combinacion<span class=\"__1 _6\"></span>es de <span class=\"__1 _6\"></span>negocios <span class=\"__1 _6\"></span>que quedan<span class=\"__1 _6\"></span> encuadradas<span class=\"__1 _6\"></span> en <span class=\"__1 _6\"></span>el<span class=\"__1 _1bc\"> </span> nivel 3 de la jerarqu\u00eda <span class=\"__1 _6\"></span>(v\u00e9ase Nota <span class=\"__1 _6\"></span><span class=\"ls12\">4)</span>.<span class=\"__1 _1bc\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueMeasurementExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-598": {
   "value": "3.10 Existencias Las existencias de materias primas se valoran al coste de adquisici\u00f3n, que incluye el importe consignado en factura m\u00e1s todos los costes en que se incurre hasta que el bien est\u00e1 en las instalaciones de ENCE. Las existencias de productos terminados y en curso de fabricaci\u00f3n se valoran al coste de producci\u00f3n que se determina  incorporando  el  coste  de  los  materiales,  mano  de  obra,  y  gastos  directos  y  generales  de fabricaci\u00f3n. Los trabajos realizados por el Grupo para sus existencias en 2023 han ascendido a 1.415 miles de euros. En la asignaci\u00f3n de valor a sus inventarios el Grupo utiliza el m\u00e9todo del coste medio ponderado.  El Grupo realiza deterioros de sus existencias, con cargo a resultados de explotaci\u00f3n, para ajustar su valor al valor  estimado  de  realizaci\u00f3n,  cuando  \u00e9ste  es  inferior  al  valor  de  coste.  Cuando  las  circunstancias  que previamente causaron la correcci\u00f3n de valor dejan de existir se procede a revertir dichos deterioros. Derechos de emisi\u00f3n de gases de efecto invernadero para uso propio- Los derechos de emisi\u00f3n adquiridos, y cuyo destino es fundamentalmente su utilizaci\u00f3n en los procesos productivos del Grupo, se registran como existencias y se valoran por su precio de adquisici\u00f3n, calculado mediante el m\u00e9todo del precio medio ponderado, o bien, a su valor estimado de realizaci\u00f3n, si este \u00faltimo es inferior.  Los  derechos  de  emisi\u00f3n  recibidos  a  t\u00edtulo  gratuito,  conforme  al  r\u00e9gimen  de  comercio  de  derechos  de emisi\u00f3n para el periodo 2022-2025, se reconocen a su valor venal, registr\u00e1ndose como contrapartida y por el mismo importe, una subvenci\u00f3n de capital. Dicha subvenci\u00f3n se imputa a resultados a medida que se consumen los derechos de emisi\u00f3n recibidos. Por el consumo de derechos realizado a lo largo del ejercicio se registra un gasto en la l\u00ednea \u201cOtros Gastos de explotaci\u00f3n\u201d del Estado de Resultado consolidado, reconociendo una provisi\u00f3n cuyo importe se calcula en funci\u00f3n de los derechos consumidos, valorados por su coste de adquisici\u00f3n que se corresponde con el valor en libros para aquellos derechos que se posean al cierre del periodo, con el valor de compra establecido en los contratos de compra a plazo disponibles, y con el valor de mercado al cierre del periodo para el resto de derechos. Cuando los derechos de emisi\u00f3n consumidos se entregan a las autoridades, se dan de baja del Estado de Situaci\u00f3n Financiera consolidado tanto las existencias de derechos como la provisi\u00f3n constituida asociada al consumo de dichos derechos. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-12": {
   "value": "Derechos de em<span class=\"__1 _6\"></span>isi\u00f3n de gases de efecto<span class=\"__1 _6\"></span> invernadero para uso propio<span class=\"__1 _8\"></span>- Los <span class=\"__1 _4\"></span>derechos <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>emisi\u00f3n <span class=\"__1 _4\"></span>ad<span class=\"__1 _6\"></span>q<span class=\"__1 _6\"></span>uiridos, <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>cuyo <span class=\"__1 _4\"></span>des<span class=\"__1 _6\"></span>tino <span class=\"__1 _4\"></span>es <span class=\"__1 _4\"></span>fundamentalmente <span class=\"__1 _4\"></span>su <span class=\"__1 _4\"></span>utilizaci\u00f3<span class=\"__1 _6\"></span>n <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>p<span class=\"__1 _6\"></span>rocesos productivos<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>del <span class=\"__1 _4\"></span>G<span class=\"__1 _5\"></span>rupo, <span class=\"__1 _4\"></span>se <span class=\"__1 _8\"></span>registran <span class=\"__1 _8\"></span>como <span class=\"__1 _4\"></span>existencias <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>valoran<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>por <span class=\"__1 _4\"></span>su <span class=\"__1 _8\"></span>precio <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>adquisici\u00f3n, <span class=\"__1 _8\"></span>calculado mediante <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>m\u00e9todo <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>precio <span class=\"__1 _6\"></span>medio <span class=\"__1 _6\"></span>ponderad<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>, <span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>bien, <span class=\"__1 _6\"></span>a s<span class=\"__1 _6\"></span>u valo<span class=\"__1 _6\"></span>r <span class=\"__1 _6\"></span>estimado <span class=\"__1 _8\"></span>de realizaci\u00f3n<span class=\"__1 _6\"></span>, <span class=\"__1 _6\"></span>si <span class=\"__1 _6\"></span>este <span class=\"__1 _6\"></span>\u00faltimo es inferior<span class=\"ls17\">. </span> Los <span class=\"__1 _c6\"> </span>derechos <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"> </span>emisi\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>recib<span class=\"__1 _6\"></span>idos <span class=\"__1 _c6\"> </span>a <span class=\"__1 _c8\"> </span>t\u00edtulo <span class=\"__1 _c6\"> </span>gratuito<span class=\"__1 _6\"></span>, <span class=\"__1 _c8\"> </span>conforme <span class=\"__1 _c6\"> </span>al <span class=\"__1 _c6\"> </span>r\u00e9gimen <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c6\"> </span>comercio <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>derechos <span class=\"__1 _c6\"> </span>de emisi\u00f3n <span class=\"__1 _6\"></span>para <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>periodo <span class=\"__1 _6\"></span>2022-<span class=\"__1 _6\"></span>2025, s<span class=\"__1 _6\"></span>e recon<span class=\"__1 _6\"></span>ocen <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>su <span class=\"__1 _6\"></span>valor <span class=\"__1 _6\"></span>venal, <span class=\"__1 _6\"></span>registr\u00e1nd<span class=\"__1 _6\"></span>ose como <span class=\"__1 _6\"></span>contra<span class=\"__1 _6\"></span>partida <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>por el <span class=\"__1 _4\"></span>mismo <span class=\"__1 _8\"></span>importe, <span class=\"__1 _4\"></span>una <span class=\"__1 _4\"></span>subvenci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>capital.<span class=\"__1 _5\"></span> <span class=\"__1 _4\"></span>Dicha <span class=\"__1 _4\"></span>subvenci\u00f3n <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>im<span class=\"__1 _5\"></span>puta <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>resultados <span class=\"__1 _8\"></span>a <span class=\"__1 _4\"></span>medida <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>se<span class=\"__1 _70\"></span> consumen los d<span class=\"__1 _6\"></span>erechos de emisi\u00f3n recibidos<span class=\"__1 _6\"></span>. Por <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>con<span class=\"__1 _6\"></span>sumo <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>derechos <span class=\"__1 _6\"></span>realizado <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>lo <span class=\"__1 _6\"></span>largo <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>ejercicio <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>registra<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>un <span class=\"__1 _6\"></span>gas<span class=\"__1 _6\"></span>to <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>l\u00ednea <span class=\"__1 _6\"></span>\u201c<span class=\"__1 _6\"></span>Otros <span class=\"__1 _6\"></span>Gas<span class=\"__1 _6\"></span>tos de <span class=\"__1 _6\"></span>explo<span class=\"ff6\">taci\u00f3n<span class=\"__1 _6\"></span>\u201d <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>E<span class=\"__1 _6\"></span>stado <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>Resultado <span class=\"__1 _8\"></span>consolidado, <span class=\"__1 _8\"></span>reconociendo <span class=\"__1 _6\"></span>una <span class=\"__1 _8\"></span>provisi\u00f3n <span class=\"__1 _6\"></span>cuyo <span class=\"__1 _8\"></span>importe <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>calcula<span class=\"__1 _1bc\"> </span></span>en <span class=\"__1 _8\"></span>funci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>erechos <span class=\"__1 _8\"></span>cons<span class=\"__1 _6\"></span>umidos, <span class=\"__1 _8\"></span>valorados <span class=\"__1 _4\"></span>p<span class=\"__1 _5\"></span>or <span class=\"__1 _8\"></span>su <span class=\"__1 _8\"></span>coste <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>adqu<span class=\"__1 _6\"></span>isici\u00f3n <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>corresp<span class=\"__1 _6\"></span>onde <span class=\"__1 _8\"></span>con <span class=\"__1 _8\"></span>el valor <span class=\"__1 _70\"></span>en libros <span class=\"__1 _70\"></span>para <span class=\"__1 _70\"></span>aquellos <span class=\"__1 _70\"></span>derechos <span class=\"__1 _5\"></span>que <span class=\"__1 _70\"></span>se <span class=\"__1 _5\"></span>posean <span class=\"__1 _70\"></span>al cierre <span class=\"__1 _70\"></span>del <span class=\"__1 _70\"></span>periodo, con <span class=\"__1 _70\"></span>el <span class=\"__1 _70\"></span>valor <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>compra <span class=\"__1 _70\"></span>establecido en los contratos de compra a plazo d<span class=\"__1 _6\"></span>isponibles, y con el valor de mercado al cierre del periodo p<span class=\"__1 _6\"></span>ara el resto de derechos.<span class=\"__1 _1bc\"> </span> Cuando <span class=\"__1 _4\"></span>los <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>erechos <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>em<span class=\"__1 _5\"></span>isi\u00f3n <span class=\"__1 _4\"></span>consumidos <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>entregan <span class=\"__1 _4\"></span>a <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>autorid<span class=\"__1 _6\"></span>ades, <span class=\"__1 _8\"></span>se <span class=\"__1 _4\"></span>dan<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>baja <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>Estado <span class=\"__1 _4\"></span>de<span class=\"__1 _5\"></span> Situaci\u00f3n Financiera consolidado tanto las existencias de <span class=\"__1 _70\"></span>derechos<span class=\"__1 _6\"></span> como la provi<span class=\"__1 _5\"></span>si\u00f3n constituida asociada <span class=\"__1 _6\"></span>al consumo de d<span class=\"__1 _6\"></span>ichos derechos<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmissionRightsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-588": {
   "value": "3.11 Subvenciones Las subvenciones de capital no reintegrables, asociadas a inversiones en activos productivos, se valoran por el valor razonable del importe concedido, neto de los costes incurridos para su obtenci\u00f3n, y se reconocen cuando se han cumplido los requisitos asociados a su concesi\u00f3n. Estas subvenciones se imputan a resultados en el ep\u00edgrafe \u201cSubvenciones de capital transferidas al resultado del ejercicio\u201d en proporci\u00f3n a la dotaci\u00f3n a la  amortizaci\u00f3n  efectuada  en  el  per\u00edodo  para  los  elementos  subvencionados  o,  en  su  caso,  cuando  se  produzca su enajenaci\u00f3n o correcci\u00f3n valorativa por deterioro .  Por su parte, las subvenciones de explotaci\u00f3n se imputan a resultados en el ep\u00edgrafe \u201cOtros ingresos de  explotaci\u00f3n\u201d en el momento en que se conceden, excepto si se conceden para financiar gastos espec\u00edficos,  en cuyo caso la imputaci\u00f3n se realizar\u00e1 a medida que se devenguen los gastos subvencionados.  Los  pr\u00e9stamos  subvencionados  sin  inter\u00e9s  o  a  un  tipo  de  inter\u00e9s  inferior  al  de  mercado,  otorgados  principalmente para financiar proyectos de I+D+i e inversiones productivas, se registran inicialmente a su  valor razonable en el ep\u00edgrafe \u201cOtros pasivos financieros\u201d del Estado de Situaci\u00f3n Financiera consolidado. La  diferencia entre el importe recibido  por  el  pr\u00e9stamo  y su  valor razonable se registra inicialmente  en  el  ep\u00edgrafe \u201cSubvenciones\u201d del Estado de Situaci\u00f3n Financiera consolidado, imput\u00e1ndose a resultados en el  ep\u00edgrafe \u201cSubvenciones transferidas al resultado del ejercicio\u201d a medida que los activos financiados con  dicho pr\u00e9stamo se amortizan.  ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGovernmentGrants",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-13": {
   "value": "3.13 Provisiones y contingencias  Los pasivos contingentes constituyen obligaciones posibles con terceras partes y obligaciones existentes que  no son reconocidas bien porque no es probable que se produzca una salida de flujos econ\u00f3micos requerida  para cancelar dicha obligaci\u00f3n, o bien porque el importe de la salida de flujos no puede ser estimado de  forma fiable. Los pasivos contingentes no se reconocen en las cuentas anuales, sino que se informa sobre los mismos en  la memoria, en la medida en que no sean considerados como remotos. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForContingentLiabilitiesAndContingentAssetsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-607": {
   "value": "3.13<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Provisiones y contingen<span class=\"__1 _5\"></span>cias<span class=\"__1 _1bc\"> </span></span></span><span class=\"ff5\"><span class=\"ff3_1 fc3\"> </span></span>ENCE recoge provisiones para hacer <span class=\"__1 _5\"></span>frente a obligaciones presentes, ya <span class=\"__1 _5\"></span>sean legales o impl\u00edcitas, que tienen<span class=\"__1 _1bc\"> </span><span class=\"__1 _5\"></span> su orige<span class=\"__1 _5\"></span>n <span class=\"__1 _5\"></span>en <span class=\"__1 _5\"></span>sucesos ya <span class=\"__1 _70\"></span>acaec<span class=\"__1 _6\"></span>idos, siempre <span class=\"__1 _70\"></span>que sea <span class=\"__1 _70\"></span>prob<span class=\"__1 _6\"></span>able que <span class=\"__1 _70\"></span>vaya<span class=\"__1 _8\"></span> <span class=\"__1 _70\"></span>a ser <span class=\"__1 _70\"></span>ne<span class=\"__1 _6\"></span>cesaria <span class=\"__1 _5\"></span>una<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>alida de <span class=\"__1 _70\"></span>recursos<span class=\"__1 _1bc\"> </span> para liquidarlas<span class=\"__1 _6\"></span>, y que su importe se pu<span class=\"__1 _6\"></span>eda estimar razonab<span class=\"__1 _6\"></span>lemente. <span class=\"__1 _6\"></span> Su <span class=\"__1 _70\"></span>dota<span class=\"__1 _6\"></span>ci\u00f3n <span class=\"__1 _70\"></span>se e<span class=\"__1 _5\"></span>fect\u00faa <span class=\"__1 _70\"></span>al <span class=\"__1 _5\"></span>nacimiento <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>la re<span class=\"__1 _5\"></span>sponsab<span class=\"__1 _6\"></span>ilidad <span class=\"__1 _70\"></span>o <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>la <span class=\"__1 _70\"></span>obligaci\u00f3n<span class=\"__1 _6\"></span>, <span class=\"__1 _70\"></span>con <span class=\"__1 _5\"></span>cargo <span class=\"__1 _70\"></span>al <span class=\"__1 _70\"></span>ep\u00edgrafe del <span class=\"__1 _70\"></span>Estad<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span> de <span class=\"__1 _6\"></span>Resultado <span class=\"__1 _6\"></span>con<span class=\"__1 _6\"></span>solidado <span class=\"__1 _8\"></span>que corr<span class=\"__1 _6\"></span>esponda <span class=\"__1 _8\"></span>seg\u00fan <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>naturaleza <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>la<span class=\"__1 _6\"></span> o<span class=\"__1 _6\"></span>bligaci\u00f3n, <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>por <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>alor <span class=\"__1 _6\"></span>presente <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span> la <span class=\"__1 _cd\"> </span>misma <span class=\"__1 _c9\"> </span>cuan<span class=\"__1 _6\"></span>do <span class=\"__1 _cd\"> </span>el <span class=\"__1 _cd\"> </span>efecto <span class=\"__1 _cd\"> </span>de <span class=\"__1 _c9\"> </span>es<span class=\"__1 _6\"></span>ta <span class=\"__1 _cd\"> </span>actualizaci\u00f3n <span class=\"__1 _cd\"> </span>resulte <span class=\"__1 _ce\"> </span>significativa. <span class=\"__1 _cd\"> </span>La <span class=\"__1 _cd\"> </span>variaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>de <span class=\"__1 _c9\"> </span>la <span class=\"__1 _cd\"> </span>prov<span class=\"__1 _6\"></span>isi\u00f3n<span class=\"__1 _1bc\"> </span> correspondiente a la <span class=\"__1 _70\"></span>actualizaci\u00f3<span class=\"__1 _6\"></span>n financiera <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e cada <span class=\"__1 _70\"></span>ejercic<span class=\"__1 _6\"></span>io se <span class=\"__1 _5\"></span>registra<span class=\"__1 _6\"></span> <span class=\"ff6\">en <span class=\"__1 _70\"></span>el ep\u00edgrafe <span class=\"__1 _5\"></span>\u201cGasto<span class=\"__1 _6\"></span>s financieros\u201d<span class=\"__1 _1bc\"> </span></span><span class=\"ff6\"><span class=\"__1 _5\"></span> </span>del Estado d<span class=\"__1 _6\"></span>e Resultado consolidado<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span>Las <span class=\"__1 _4\"></span>p<span class=\"__1 _6\"></span>rovisiones, <span class=\"__1 _4\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>cuantifican <span class=\"__1 _c8\"></span>teniendo <span class=\"__1 _4\"></span>en <span class=\"__1 _c8\"></span>consideraci\u00f3n <span class=\"__1 _c8\"></span>la <span class=\"__1 _4\"></span>mejor <span class=\"__1 _4\"></span>informa<span class=\"__1 _6\"></span>ci\u00f3n <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>isponible <span class=\"__1 _c8\"></span>sobre <span class=\"__1 _4\"></span>las<span class=\"__1 _1bc\"> </span> consecuencias <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>su<span class=\"__1 _6\"></span>ceso <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>que <span class=\"__1 _4\"></span>traen <span class=\"__1 _4\"></span>su <span class=\"__1 _8\"></span>causa, <span class=\"__1 _4\"></span>son <span class=\"__1 _8\"></span>reestimadas<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>con <span class=\"__1 _8\"></span>ocasi\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>cada <span class=\"__1 _4\"></span>cie<span class=\"__1 _5\"></span>rre <span class=\"__1 _8\"></span>con<span class=\"__1 _6\"></span>table<span class=\"__1 _1bc\"> </span> (v\u00e9ase Nota 4).  Los pa<span class=\"__1 _5\"></span>sivos contingentes <span class=\"__1 _70\"></span>constit<span class=\"__1 _6\"></span>uyen obligaciones <span class=\"__1 _70\"></span>posibles con <span class=\"__1 _70\"></span>terceras partes <span class=\"__1 _70\"></span>y <span class=\"__1 _5\"></span>obligaciones existentes <span class=\"__1 _70\"></span>que<span class=\"__1 _1bc\"> </span> no son recono<span class=\"__1 _6\"></span>cidas bien po<span class=\"__1 _6\"></span>rque no es pro<span class=\"__1 _6\"></span>bable que se<span class=\"__1 _6\"></span> prod<span class=\"__1 _6\"></span>uzca una s<span class=\"__1 _6\"></span>alida de flujos eco<span class=\"__1 _6\"></span>n\u00f3micos requerida<span class=\"__1 _1bc\"> </span> para <span class=\"__1 _4\"></span>cancelar <span class=\"__1 _8\"></span>dicha <span class=\"__1 _4\"></span>obligaci\u00f3n, <span class=\"__1 _4\"></span>o <span class=\"__1 _8\"></span>bien <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>orque <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>importe <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>alida <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>fl<span class=\"__1 _6\"></span>ujos <span class=\"__1 _4\"></span>no <span class=\"__1 _8\"></span>puede <span class=\"__1 _4\"></span>ser <span class=\"__1 _8\"></span>estimado <span class=\"__1 _4\"></span>de<span class=\"__1 _1bc\"> </span> forma fiable.<span class=\"__1 _1bc\"> </span> Los p<span class=\"__1 _6\"></span>asivos con<span class=\"__1 _6\"></span>tingentes <span class=\"__1 _6\"></span>no se recono<span class=\"__1 _6\"></span>cen en <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>cuentas <span class=\"__1 _6\"></span>anu<span class=\"__1 _6\"></span>ales, sin<span class=\"__1 _6\"></span>o que <span class=\"__1 _6\"></span>se informa <span class=\"__1 _6\"></span>sobre <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>mismos en<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> la memoria, en la medida en <span class=\"__1 _6\"></span>que no s<span class=\"__1 _6\"></span>ean considerad<span class=\"__1 _6\"></span>os como remotos.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> Indemnizac<span class=\"__1 _6\"></span>iones por cese<span class=\"__1 _1bc\"> </span>De <span class=\"__1 _4\"></span>acuerdo <span class=\"__1 _4\"></span>con <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>reglament<span class=\"__1 _6\"></span>aci\u00f3n <span class=\"__1 _4\"></span>laboral <span class=\"__1 _4\"></span>vigente, <span class=\"__1 _c8\"></span>ENCE <span class=\"__1 _4\"></span>est\u00e1 <span class=\"__1 _4\"></span>obligado <span class=\"__1 _4\"></span>al <span class=\"__1 _4\"></span>pago <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>indemnizaciones <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>los empleados <span class=\"__1 _c1\"> </span>con <span class=\"__1 _c1\"> </span>los <span class=\"__1 _c1\"> </span>que, <span class=\"__1 _c1\"> </span>bajo <span class=\"__1 _c1\"> </span>determinadas <span class=\"__1 _c1\"> </span>condiciones<span class=\"__1 _6\"></span>, <span class=\"__1 _c1\"> </span>rescinda <span class=\"__1 _c1\"> </span>sus <span class=\"__1 _c1\"> </span>relaciones <span class=\"__1 _c1\"> </span>laborales. <span class=\"__1 _c1\"> </span>Las indemnizaciones <span class=\"__1 _8\"></span>por <span class=\"__1 _8\"></span>cese <span class=\"__1 _6\"></span>se <span class=\"__1 _8\"></span>reconocen <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>fecha <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>que <span class=\"__1 _6\"></span>existe <span class=\"__1 _8\"></span>un <span class=\"__1 _8\"></span>plan <span class=\"__1 _8\"></span>f<span class=\"__1 _6\"></span>ormal <span class=\"__1 _8\"></span>detallado <span class=\"__1 _8\"></span>para <span class=\"__1 _8\"></span>llevar <span class=\"__1 _6\"></span>a cabo <span class=\"__1 _c6\"> </span>la  restructuraci\u00f3n <span class=\"__1 _c6\"> </span>y <span class=\"__1 _ca\"> </span>se <span class=\"__1 _c6\"> </span>ha  generado <span class=\"__1 _c6\"> </span>una <span class=\"__1 _c6\"> </span>expectativ<span class=\"__1 _6\"></span>a <span class=\"__1 _c6\"> </span>v\u00e1lid<span class=\"__1 _6\"></span>a <span class=\"__1 _c6\"> </span>entre <span class=\"__1 _ca\"> </span>el <span class=\"__1 _c6\"> </span>personal  afe<span class=\"__1 _5\"></span>ctado <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c6\"> </span>que <span class=\"__1 _ca\"> </span>la<span class=\"__1 _1bc\"> </span>reestructuraci\u00f3n <span class=\"__1 _c8\"></span>se <span class=\"__1 _4\"></span>va <span class=\"__1 _4\"></span>a <span class=\"__1 _c8\"></span>llevar <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>cab<span class=\"__1 _6\"></span>o. <span class=\"__1 _c8\"></span> <span class=\"__1 _4\"></span>No <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>dis<span class=\"__1 _6\"></span>pone <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>pro<span class=\"__1 _6\"></span>visiones <span class=\"__1 _4\"></span>por <span class=\"__1 _4\"></span>es<span class=\"__1 _6\"></span>te <span class=\"__1 _4\"></span>concepto <span class=\"__1 _c8\"></span>al <span class=\"__1 _4\"></span>cierre <span class=\"__1 _4\"></span>de <span class=\"__1 _c8\"></span>los ejercicios 2023 y 2022.<span class=\"__1 _6\"></span> Procedimientos ju<span class=\"__1 _6\"></span>diciales y/o reclamacion<span class=\"__1 _6\"></span>es en curso<span class=\"__1 _6\"></span> Al  cie<span class=\"__1 _5\"></span>rre  de  los <span class=\"__1 _ca\"> </span>ejercicios  2023  y  2022 <span class=\"__1 _c6\"> </span>s<span class=\"__1 _6\"></span>e  encontraban  en  curso <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>istintos  procedimientos  judiciales  y reclamaciones <span class=\"__1 _c9\"> </span>entablados <span class=\"__1 _c9\"> </span>contra <span class=\"__1 _cb\"> </span>ENCE <span class=\"__1 _c9\"> </span>con <span class=\"__1 _cb\"> </span>origen <span class=\"__1 _c9\"> </span>en <span class=\"__1 _cb\"> </span>el <span class=\"__1 _cb\"> </span>desar<span class=\"__1 _6\"></span>rollo <span class=\"__1 _cb\"> </span>hab<span class=\"__1 _6\"></span>itual <span class=\"__1 _c9\"> </span>de <span class=\"__1 _cb\"> </span>sus <span class=\"__1 _cb\"> </span>activ<span class=\"__1 _6\"></span>idades. <span class=\"__1 _c9\"> </span>Los<span class=\"__1 _6\"></span> Administradores,  considerando  la <span class=\"__1 _c6\"> </span>opini\u00f3n  de <span class=\"__1 _c6\"> </span>los<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>as<span class=\"__1 _6\"></span>esores  legales, <span class=\"__1 _c6\"> </span>esti<span class=\"__1 _6\"></span>man  que <span class=\"__1 _c6\"> </span>la  conclusi\u00f3n  de <span class=\"__1 _c6\"> </span>es<span class=\"__1 _6\"></span>tos procedimientos <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>reclamaciones <span class=\"__1 _8\"></span>no <span class=\"__1 _4\"></span>producir\u00e1 <span class=\"__1 _8\"></span>un <span class=\"__1 _8\"></span>efecto <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>ignificativo <span class=\"__1 _8\"></span>ad<span class=\"__1 _6\"></span>icional <span class=\"__1 _8\"></span>a <span class=\"__1 _4\"></span>los <span class=\"__1 _8\"></span>ya <span class=\"__1 _8\"></span>recogidos <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>estos estados finan<span class=\"__1 _6\"></span>cieros.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-614": {
   "value": "Indemnizaciones por cese De acuerdo con la reglamentaci\u00f3n laboral vigente, ENCE est\u00e1 obligado al pago de indemnizaciones a los empleados  con  los  que,  bajo  determinadas  condiciones,  rescinda  sus  relaciones  laborales.  Las indemnizaciones por cese se reconocen en la fecha en la que existe un plan formal detallado para llevar a cabo  la  restructuraci\u00f3n  y  se  ha  generado  una  expectativa  v\u00e1lida  entre  el  personal  afectado  de  que  la reestructuraci\u00f3n se va a llevar a cabo.  No se dispone de provisiones por este concepto al cierre de los ejercicios 2023 y 2022.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTerminationBenefits",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-14": {
   "value": "3.14<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Prestaciones Post empleo <span class=\"__1 _5\"></span>y otros beneficios so<span class=\"__1 _5\"></span>ciales </span></span>Las sociedades del <span class=\"__1 _70\"></span>Grup<span class=\"__1 _6\"></span>o, en su <span class=\"__1 _5\"></span>mayor parte, tienen <span class=\"__1 _5\"></span>establecido un compromiso de <span class=\"__1 _5\"></span>aportaci\u00f3n<span class=\"__1 _6\"></span> def<span class=\"__1 _5\"></span>inida con el <span class=\"__1 _4\"></span>personal <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>permanece <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>activo <span class=\"__1 _4\"></span>al <span class=\"__1 _4\"></span>cierre <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>ejercicio, <span class=\"__1 _4\"></span>consistente <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>aportaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>por <span class=\"__1 _4\"></span>parte <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>la Sociedad y del trab<span class=\"__1 _6\"></span>ajador de <span class=\"__1 _6\"></span>un porcentaje p<span class=\"__1 _6\"></span>reestablecido del su<span class=\"__1 _6\"></span>eldo pensionab<span class=\"__1 _6\"></span>le al \u201cPlan d<span class=\"__1 _6\"></span>e pensiones d<span class=\"__1 _6\"></span>e Promoci\u00f3n <span class=\"__1 _8\"></span>Conjun<span class=\"__1 _6\"></span><span class=\"ff6\">ta\u201d <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>Grupo <span class=\"__1 _8\"></span>ENCE <span class=\"__1 _8\"></span>promovido <span class=\"__1 _8\"></span>al <span class=\"__1 _8\"></span>amparo <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>art\u00edculo <span class=\"__1 _8\"></span>40 <span class=\"__1 _8\"></span>d) <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>Reglamento <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>Planes <span class=\"__1 _4\"></span>y<span class=\"__1 _5\"></span> </span>Fondos <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>Pensiones <span class=\"__1 _8\"></span>(aportaci\u00f3n <span class=\"__1 _8\"></span>definida). <span class=\"__1 _6\"></span>E<span class=\"__1 _6\"></span>ste <span class=\"__1 _8\"></span>plan <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>pens<span class=\"__1 _6\"></span>iones <span class=\"__1 _8\"></span>se <span class=\"__1 _6\"></span>encu<span class=\"__1 _6\"></span>entra <span class=\"__1 _8\"></span>integrado <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>fondo <span class=\"__1 _8\"></span>de Pensiones <span class=\"__1 _4\"></span>SERVIREN<span class=\"__1 _6\"></span>TA <span class=\"__1 _4\"></span>II <span class=\"__1 _4\"></span>F.P. <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>da <span class=\"__1 _c8\"></span>cobertura <span class=\"__1 _4\"></span>tanto <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>las <span class=\"__1 _4\"></span>prestaciones<span class=\"__1 _8\"></span> <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>jubilaci\u00f3n <span class=\"__1 _4\"></span>como <span class=\"__1 _4\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>riesgos <span class=\"__1 _4\"></span>por invalidez y <span class=\"__1 _5\"></span>fallecimiento de <span class=\"__1 _70\"></span>los<span class=\"__1 _6\"></span> part\u00edcipes. <span class=\"__1 _5\"></span>El Grupo <span class=\"__1 _70\"></span>no tiene <span class=\"__1 _5\"></span>compromisos de <span class=\"__1 _5\"></span>prestaci\u00f3n definida <span class=\"__1 _70\"></span>relevan<span class=\"__1 _6\"></span>tes.<span class=\"__1 _8\"></span> Con car\u00e1cter <span class=\"__1 _6\"></span>general, <span class=\"__1 _6\"></span>y en <span class=\"__1 _6\"></span>relaci\u00f3n <span class=\"__1 _6\"></span>al comp<span class=\"__1 _6\"></span>onente de <span class=\"__1 _6\"></span>ahorro, <span class=\"__1 _6\"></span>el beneficiario <span class=\"__1 _6\"></span>aporta <span class=\"__1 _6\"></span>el 1% <span class=\"__1 _6\"></span>de s<span class=\"__1 _6\"></span>u retribu<span class=\"__1 _6\"></span>ci\u00f3n fi<span class=\"ls0_1\">ja y <span class=\"__1 _6\"></span>ENCE <span class=\"__1 _6\"></span>aporta <span class=\"__1 _6\"></span>en torno a<span class=\"__1 _6\"></span>l 5% de <span class=\"__1 _6\"></span>\u00e9sta. <span class=\"__1 _6\"></span>Por su <span class=\"__1 _6\"></span>parte, el <span class=\"__1 _6\"></span>componente de <span class=\"__1 _6\"></span>riesgo, qu<span class=\"__1 _6\"></span>e se materializa <span class=\"__1 _6\"></span>en una </span>p\u00f3liza <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>seguro <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>vi<span class=\"__1 _5\"></span>da <span class=\"__1 _8\"></span>y <span class=\"__1 _4\"></span>ac<span class=\"__1 _5\"></span>cidentes, <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>financia <span class=\"__1 _4\"></span>al<span class=\"__1 _5\"></span> <span class=\"__1 _8\"></span>50% <span class=\"__1 _8\"></span>entre <span class=\"__1 _4\"></span>las <span class=\"__1 _8\"></span>partes. <span class=\"__1 _8\"></span>Las <span class=\"__1 _4\"></span>contingencias <span class=\"__1 _8\"></span>cubiertas <span class=\"__1 _8\"></span>por dicha <span class=\"__1 _6\"></span>p\u00f3<span class=\"__1 _6\"></span>liza <span class=\"__1 _6\"></span>son <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>siguient<span class=\"__1 _6\"></span>es: <span class=\"__1 _6\"></span>jubilaci\u00f3<span class=\"__1 _6\"></span>n, <span class=\"__1 _8\"></span>invalidez <span class=\"__1 _6\"></span>permanente <span class=\"__1 _6\"></span>to<span class=\"__1 _6\"></span>tal, <span class=\"__1 _6\"></span>incapacid<span class=\"__1 _6\"></span>ad <span class=\"__1 _6\"></span>permanente <span class=\"__1 _6\"></span>ab<span class=\"__1 _6\"></span>soluta, <span class=\"__1 _6\"></span>y el <span class=\"__1 _6\"></span>fallecimiento. <span class=\"__1 _8\"></span>El <span class=\"__1 _6\"></span>capital <span class=\"__1 _8\"></span>asegurado <span class=\"__1 _6\"></span>equ<span class=\"__1 _6\"></span>ivale <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>35 <span class=\"__1 _6\"></span>mensualidades <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>retribu<span class=\"__1 _6\"></span>ci\u00f3n <span class=\"__1 _6\"></span>fija, <span class=\"__1 _6\"></span>o <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>doble <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>caso de que las contin<span class=\"__1 _6\"></span>gencias sean derivadas<span class=\"__1 _6\"></span> de accidente.<span class=\"__1 _6\"></span> Para determinados directivos del <span class=\"__1 _5\"></span>Grupo, entre los <span class=\"__1 _70\"></span>qu<span class=\"__1 _6\"></span>e se <span class=\"__1 _70\"></span>inc<span class=\"__1 _6\"></span>luye al <span class=\"__1 _70\"></span>Pres<span class=\"__1 _6\"></span>idente y <span class=\"__1 _5\"></span>a la <span class=\"__1 _70\"></span>alt<span class=\"__1 _6\"></span>a direcci\u00f3n, e<span class=\"__1 _5\"></span>xiste un sistema <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>previsi\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>social, <span class=\"__1 _8\"></span>co<span class=\"__1 _6\"></span>mplementario <span class=\"__1 _4\"></span>al <span class=\"__1 _8\"></span>plan <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>pensiones <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>empleo, <span class=\"__1 _4\"></span>instrumenta<span class=\"__1 _6\"></span>do <span class=\"__1 _4\"></span>a <span class=\"__1 _8\"></span>trav\u00e9s <span class=\"__1 _4\"></span>de seguros colectivos<span class=\"__1 _6\"></span>, destinado a cubrir tan<span class=\"__1 _6\"></span>to la jubilaci\u00f3n como los <span class=\"__1 _6\"></span>riesgos de invalidez y<span class=\"__1 _6\"></span> fallecimiento de los asegurados.<span class=\"__1 _1bc\"> </span>Las <span class=\"__1 _8\"></span>contribuciones <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>los <span class=\"__1 _6\"></span>planes <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>restaci\u00f3n <span class=\"__1 _8\"></span>post <span class=\"__1 _8\"></span>empleo <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>aportaci\u00f3n <span class=\"__1 _8\"></span>definida <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>registra<span class=\"__1 _6\"></span>n <span class=\"__1 _6\"></span>como <span class=\"__1 _8\"></span>gasto en el ep\u00edgrafe \u201cGastos<span class=\"__1 _6\"></span> de personal\u201d d<span class=\"__1 _6\"></span>el Estado de Resultad<span class=\"__1 _6\"></span>o consolidado de a<span class=\"__1 _6\"></span>cuerdo a su deveng<span class=\"__1 _6\"></span><span class=\"ff4\">o<span class=\"__1 _6\"></span>.  </span>Por <span class=\"__1 _4\"></span>otra <span class=\"__1 _4\"></span>parte, <span class=\"__1 _4\"></span>u<span class=\"__1 _6\"></span>n <span class=\"__1 _4\"></span>colectivo <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>an<span class=\"__1 _6\"></span>tiguos <span class=\"__1 _4\"></span>trabaj<span class=\"__1 _6\"></span>adores <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>filial <span class=\"__1 _4\"></span>Celulos<span class=\"__1 _6\"></span>as <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>Asturias<span class=\"__1 _6\"></span>, <span class=\"__1 _4\"></span>S.A. <span class=\"__1 _4\"></span>mantiene <span class=\"__1 _4\"></span>un beneficio consis<span class=\"__1 _6\"></span>tente en <span class=\"__1 _6\"></span>un seguro <span class=\"__1 _6\"></span>de vid<span class=\"__1 _6\"></span>a e <span class=\"__1 _6\"></span>incapacidad. Este <span class=\"__1 _6\"></span>compromiso <span class=\"__1 _6\"></span>se externaliz\u00f3 <span class=\"__1 _6\"></span>en 2014 <span class=\"__1 _6\"></span>a tra<span class=\"__1 _6\"></span>v\u00e9s de una compa\u00f1\u00eda <span class=\"__1 _6\"></span>de seguros. Planes de inc<span class=\"__1 _6\"></span>entivos a largo p<span class=\"__1 _6\"></span>lazo El <span class=\"__1 _c8\"> </span>Grupo<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>valo<span class=\"__1 _6\"></span>ra <span class=\"__1 _c6\"> </span>estos <span class=\"__1 _c8\"> </span>compromiso<span class=\"__1 _6\"></span>s <span class=\"__1 _c8\"> </span>con<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>empleados <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c6\"> </span>cada <span class=\"__1 _c6\"> </span>fecha <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>valoraci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>considerando <span class=\"__1 _c6\"> </span>al <span class=\"__1 _c6\"> </span>valor estimado  del <span class=\"__1 _c6\"> </span>comp<span class=\"__1 _6\"></span>romiso  a  vencimiento <span class=\"__1 _c6\"> </span>y<span class=\"__1 _6\"></span>  el <span class=\"__1 _c6\"> </span>periodo  de <span class=\"__1 _ca\"> </span>tiempo  transcurrido  respe<span class=\"__1 _5\"></span>cto  al <span class=\"__1 _ca\"> </span>periodo  de devengo.<span class=\"__1 _1bc\"> </span>Estos <span class=\"__1 _8\"></span>compro<span class=\"__1 _6\"></span>misos <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>registr<span class=\"ff6\">an<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>ep\u00edgrafe <span class=\"__1 _8\"></span>\u201cGastos <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>personal\u201d <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>Es<span class=\"__1 _6\"></span>tado <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>Resultado <span class=\"__1 _8\"></span>cons<span class=\"__1 _6\"></span>olidado<span class=\"__1 _1bc\"> </span></span><span class=\"ff6\"> </span>linealmente <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>urante <span class=\"__1 _c8\"> </span>el <span class=\"__1 _c6\"> </span>per\u00edodo<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>devengo <span class=\"__1 _c6\"> </span>del <span class=\"__1 _c8\"> </span>Plan <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>Incentivos, <span class=\"__1 _c6\"> </span>y <span class=\"__1 _c8\"> </span>su <span class=\"__1 _c6\"> </span>contrapartida <span class=\"__1 _c8\"> </span>s<span class=\"__1 _6\"></span>er\u00e1 <span class=\"__1 _c8\"> </span>dis<span class=\"__1 _6\"></span>tinta <span class=\"__1 _c8\"> </span>en<span class=\"__1 _1bc\"> </span> funci\u00f3n d<span class=\"__1 _6\"></span>el modo <span class=\"__1 _6\"></span>de liquidaci<span class=\"__1 _6\"></span>\u00f3n. <span class=\"__1 _6\"></span>En el <span class=\"__1 _6\"></span>caso <span class=\"__1 _6\"></span>de compromisos<span class=\"__1 _6\"></span> que <span class=\"__1 _6\"></span>se liqu<span class=\"__1 _6\"></span>idan <span class=\"__1 _6\"></span>en a<span class=\"__1 _8\"></span>cciones de <span class=\"__1 _6\"></span>ENCE, <span class=\"__1 _6\"></span>el gasto<span class=\"__1 _1bc\"> </span> devengado <span class=\"__1 _4\"></span>se <span class=\"__1 _8\"></span>reconocer\u00e1 <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>ep\u00edgrafe <span class=\"__1 _8\"></span>\u201cPatrimonio <span class=\"__1 _4\"></span>neto <span class=\"__1 _4\"></span>\u2013<span class=\"ff4\"> <span class=\"__1 _8\"></span></span>Otros <span class=\"__1 _4\"></span>instrumentos <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>patrimonio <span class=\"__1 _8\"></span>n<span class=\"__1 _6\"></span>eto\u201d <span class=\"__1 _8\"></span>del<span class=\"__1 _1bc\"> </span> Estado <span class=\"__1 _ce\"> </span>de <span class=\"__1 _ce\"> </span>Situaci\u00f3<span class=\"__1 _6\"></span>n <span class=\"__1 _ce\"> </span>Financiera <span class=\"__1 _ce\"> </span>consolida<span class=\"__1 _6\"></span>do, <span class=\"__1 _ce\"> </span>teniendo <span class=\"__1 _cf\"> </span>en <span class=\"__1 _cd\"> </span>con<span class=\"__1 _6\"></span>sideraci\u00f3n <span class=\"__1 _ce\"> </span>el <span class=\"__1 _ce\"> </span>v<span class=\"__1 _6\"></span>alor <span class=\"__1 _ce\"> </span>razon<span class=\"__1 _6\"></span>able <span class=\"__1 _ce\"> </span>de <span class=\"__1 _ce\"> </span>los<span class=\"__1 _1bc\"> </span> instrumentos <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>patrimonio <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>fecha <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>concesi\u00f3n. <span class=\"__1 _4\"></span>Por <span class=\"__1 _4\"></span>su<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>parte, <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>pasivo <span class=\"__1 _4\"></span>devengado <span class=\"__1 _4\"></span>asociado <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>los<span class=\"__1 _1bc\"> </span> compromisos <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>liquid<span class=\"__1 _6\"></span>an en <span class=\"__1 _6\"></span>efectivo <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>reconocer\u00e1 <span class=\"__1 _6\"></span>con <span class=\"__1 _6\"></span>ab<span class=\"__1 _6\"></span>ono al <span class=\"__1 _6\"></span>ep\u00edgrafe <span class=\"__1 _6\"></span>\u201cProvis<span class=\"__1 _6\"></span>iones\u201d <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>pasivo <span class=\"__1 _6\"></span>del<span class=\"__1 _1bc\"> </span> Estado de Situaci\u00f3n Fin<span class=\"__1 _6\"></span>anciera con<span class=\"__1 _6\"></span>solidado.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> Las <span class=\"__1 _4\"></span>estimacion<span class=\"__1 _6\"></span>es <span class=\"__1 _4\"></span>realizadas<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>para <span class=\"__1 _c8\"></span>valorar <span class=\"__1 _c8\"> </span>el <span class=\"__1 _4\"></span>compromiso <span class=\"__1 _c8\"></span>asumido <span class=\"__1 _4\"></span>con <span class=\"__1 _c8\"> </span>el <span class=\"__1 _4\"></span>personal <span class=\"__1 _c8\"> </span>son <span class=\"__1 _4\"></span>revisadas<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>en <span class=\"__1 _c8\"></span>cada<span class=\"__1 _1bc\"> </span> cierre contable, y el <span class=\"__1 _70\"></span>impact<span class=\"__1 _6\"></span>o de las variaciones se <span class=\"__1 _5\"></span>registra en <span class=\"__1 _5\"></span>el ep\u00edgrafe <span class=\"__1 _5\"></span>\u201cGastos de personal\u201d del Estado de<span class=\"__1 _1bc\"> </span> Resultado con<span class=\"__1 _6\"></span>solidado<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span> ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-609": {
   "value": "Planes de inc<span class=\"__1 _6\"></span>entivos a largo p<span class=\"__1 _6\"></span>lazo El <span class=\"__1 _c8\"> </span>Grupo<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>valo<span class=\"__1 _6\"></span>ra <span class=\"__1 _c6\"> </span>estos <span class=\"__1 _c8\"> </span>compromiso<span class=\"__1 _6\"></span>s <span class=\"__1 _c8\"> </span>con<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>empleados <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c6\"> </span>cada <span class=\"__1 _c6\"> </span>fecha <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>valoraci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>considerando <span class=\"__1 _c6\"> </span>al <span class=\"__1 _c6\"> </span>valor estimado  del <span class=\"__1 _c6\"> </span>comp<span class=\"__1 _6\"></span>romiso  a  vencimiento <span class=\"__1 _c6\"> </span>y<span class=\"__1 _6\"></span>  el <span class=\"__1 _c6\"> </span>periodo  de <span class=\"__1 _ca\"> </span>tiempo  transcurrido  respe<span class=\"__1 _5\"></span>cto  al <span class=\"__1 _ca\"> </span>periodo  de devengo.<span class=\"__1 _1bc\"> </span> Estos <span class=\"__1 _8\"></span>compro<span class=\"__1 _6\"></span>misos <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>registr<span class=\"ff6\">an<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>ep\u00edgrafe <span class=\"__1 _8\"></span>\u201cGastos <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>personal\u201d <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>Es<span class=\"__1 _6\"></span>tado <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>Resultado <span class=\"__1 _8\"></span>cons<span class=\"__1 _6\"></span>olidado<span class=\"__1 _1bc\"> </span></span><span class=\"ff6\"> </span>linealmente <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>urante <span class=\"__1 _c8\"> </span>el <span class=\"__1 _c6\"> </span>per\u00edodo<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>devengo <span class=\"__1 _c6\"> </span>del <span class=\"__1 _c8\"> </span>Plan <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>Incentivos, <span class=\"__1 _c6\"> </span>y <span class=\"__1 _c8\"> </span>su <span class=\"__1 _c6\"> </span>contrapartida <span class=\"__1 _c8\"> </span>s<span class=\"__1 _6\"></span>er\u00e1 <span class=\"__1 _c8\"> </span>dis<span class=\"__1 _6\"></span>tinta <span class=\"__1 _c8\"> </span>en<span class=\"__1 _1bc\"> </span> funci\u00f3n d<span class=\"__1 _6\"></span>el modo <span class=\"__1 _6\"></span>de liquidaci<span class=\"__1 _6\"></span>\u00f3n. <span class=\"__1 _6\"></span>En el <span class=\"__1 _6\"></span>caso <span class=\"__1 _6\"></span>de compromisos<span class=\"__1 _6\"></span> que <span class=\"__1 _6\"></span>se liqu<span class=\"__1 _6\"></span>idan <span class=\"__1 _6\"></span>en a<span class=\"__1 _8\"></span>cciones de <span class=\"__1 _6\"></span>ENCE, <span class=\"__1 _6\"></span>el gasto<span class=\"__1 _1bc\"> </span> devengado <span class=\"__1 _4\"></span>se <span class=\"__1 _8\"></span>reconocer\u00e1 <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>ep\u00edgrafe <span class=\"__1 _8\"></span>\u201cPatrimonio <span class=\"__1 _4\"></span>neto <span class=\"__1 _4\"></span>\u2013<span class=\"ff4\"> <span class=\"__1 _8\"></span></span>Otros <span class=\"__1 _4\"></span>instrumentos <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>patrimonio <span class=\"__1 _8\"></span>n<span class=\"__1 _6\"></span>eto\u201d <span class=\"__1 _8\"></span>del<span class=\"__1 _1bc\"> </span> Estado <span class=\"__1 _ce\"> </span>de <span class=\"__1 _ce\"> </span>Situaci\u00f3<span class=\"__1 _6\"></span>n <span class=\"__1 _ce\"> </span>Financiera <span class=\"__1 _ce\"> </span>consolida<span class=\"__1 _6\"></span>do, <span class=\"__1 _ce\"> </span>teniendo <span class=\"__1 _cf\"> </span>en <span class=\"__1 _cd\"> </span>con<span class=\"__1 _6\"></span>sideraci\u00f3n <span class=\"__1 _ce\"> </span>el <span class=\"__1 _ce\"> </span>v<span class=\"__1 _6\"></span>alor <span class=\"__1 _ce\"> </span>razon<span class=\"__1 _6\"></span>able <span class=\"__1 _ce\"> </span>de <span class=\"__1 _ce\"> </span>los<span class=\"__1 _1bc\"> </span> instrumentos <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>patrimonio <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>fecha <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>concesi\u00f3n. <span class=\"__1 _4\"></span>Por <span class=\"__1 _4\"></span>su<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>parte, <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>pasivo <span class=\"__1 _4\"></span>devengado <span class=\"__1 _4\"></span>asociado <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>los<span class=\"__1 _1bc\"> </span> compromisos <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>liquid<span class=\"__1 _6\"></span>an en <span class=\"__1 _6\"></span>efectivo <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>reconocer\u00e1 <span class=\"__1 _6\"></span>con <span class=\"__1 _6\"></span>ab<span class=\"__1 _6\"></span>ono al <span class=\"__1 _6\"></span>ep\u00edgrafe <span class=\"__1 _6\"></span>\u201cProvis<span class=\"__1 _6\"></span>iones\u201d <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>pasivo <span class=\"__1 _6\"></span>del<span class=\"__1 _1bc\"> </span> Estado de Situaci\u00f3n Fin<span class=\"__1 _6\"></span>anciera con<span class=\"__1 _6\"></span>solidado.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> Las <span class=\"__1 _4\"></span>estimacion<span class=\"__1 _6\"></span>es <span class=\"__1 _4\"></span>realizadas<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>para <span class=\"__1 _c8\"></span>valorar <span class=\"__1 _c8\"> </span>el <span class=\"__1 _4\"></span>compromiso <span class=\"__1 _c8\"></span>asumido <span class=\"__1 _4\"></span>con <span class=\"__1 _c8\"> </span>el <span class=\"__1 _4\"></span>personal <span class=\"__1 _c8\"> </span>son <span class=\"__1 _4\"></span>revisadas<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>en <span class=\"__1 _c8\"></span>cada<span class=\"__1 _1bc\"> </span> cierre contable, y el <span class=\"__1 _70\"></span>impact<span class=\"__1 _6\"></span>o de las variaciones se <span class=\"__1 _5\"></span>registra en <span class=\"__1 _5\"></span>el ep\u00edgrafe <span class=\"__1 _5\"></span>\u201cGastos de personal\u201d del Estado de<span class=\"__1 _1bc\"> </span> Resultado con<span class=\"__1 _6\"></span>solidado<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-608": {
   "value": "3.15 Reconocimiento de ingresos y gastos Los \u201cIngresos ordinarios\u201d representan los importes a cobrar por los bienes entregados y servicios prestados en el marco ordinario de la actividad, netos de devoluciones y descuentos, y cantidades recibidas por cuenta de terceros, tales como el impuesto sobre el valor a\u00f1adido. Los ingresos se reconocen cuando se pueden medir con fiabilidad y es probable que ENCE recibir\u00e1 los beneficios econ\u00f3micos asociados a la transacci\u00f3n, y se valoran por el valor razonable de la contraprestaci\u00f3n recibida o a recibir. En este sentido, los ingresos procedentes de la venta de bienes se reconocen cuando se transfiere al cliente el  control  sobre  los  mismos,  momento  que  en  la  venta  de  celulosa  se  determina  en  base  al  incoterm (t\u00e9rminos  internacionales  de  comercio)  aplicado  a  cada  transacci\u00f3n,  y  en  la  venta  de  madera  coincide normalmente con la entrega en las instalaciones del cliente. Las obligaciones de ENCE con sus clientes se completan  en  el  momento  de  la  entrega  del  bien,  y  las  devoluciones  por  parte  de  los  clientes  son excepcionales. Por su parte, los ingresos asociados a la generaci\u00f3n de energ\u00eda incluyen la tarifa percibida del mercado, as\u00ed como las primas a la generaci\u00f3n de energ\u00eda a partir de fuentes renovables legalmente reconocidas y sus mecanismos de ajuste o compensaci\u00f3n (Vajdm), y se reconocen en el momento de su generaci\u00f3n y entrega al sistema el\u00e9ctrico por el importe bruto de venta, en la medida en que se act\u00faa como principal. Los ingresos asociados a la prestaci\u00f3n de servicios, poco relevantes en ENCE, se reconocen considerando el grado de realizaci\u00f3n de la prestaci\u00f3n a la fecha de cierre de los estados financieros, siempre y cuando el resultado de la transacci\u00f3n pueda ser estimado con fiabilidad. Los ingresos por intereses se reconocen siguiendo un criterio financiero, en funci\u00f3n del principal pendiente de pago, el plazo hasta el vencimiento, y el tipo de inter\u00e9s efectivo aplicable. Los ingresos por dividendos procedentes de inversiones se registran cuando se reconocen el derecho a su percepci\u00f3n. Los gastos se reconocen en el Estado de Resultado consolidado de acuerdo a su devengo. Asimismo, se reconoce un gasto de forma inmediata cuando no se prev\u00e9 que genere beneficios econ\u00f3micos futuros. Ingresos por ventas de energ\u00eda De acuerdo con lo establecido en el RD 413/2014, las instalaciones de generaci\u00f3n de energ\u00eda renovable en Espa\u00f1a reciben determinados incentivos, estableciendo que, adicionalmente a la retribuci\u00f3n por la venta de energ\u00eda generada valorada a precio de mercado, las instalaciones podr\u00e1n percibir una retribuci\u00f3n espec\u00edfica compuesta por un t\u00e9rmino por unidad de potencia (retribuci\u00f3n a la inversi\u00f3n) que cubra cuando proceda los costes de inversi\u00f3n de una instalaci\u00f3n tipo (IT) que no pueden ser recuperados por la venta de energ\u00eda y un t\u00e9rmino a  la  operaci\u00f3n (retribuci\u00f3n  a  la  operaci\u00f3n)  que cubra en su  caso,  la  diferencia  entre  costes  de explotaci\u00f3n y los ingresos por la participaci\u00f3n en el mercado de dicha instalaci\u00f3n. El RD establece, asimismo, que mediante orden ministerial se actualizar\u00e1n determinados par\u00e1metros retributivos en cada semiper\u00edodo regulatorio de tres a\u00f1os de duraci\u00f3n (v\u00e9ase Anexo III \u2013 Marco Regulatorio del Sector Energ\u00e9tico). Entre los aspectos desarrollados por el mencionado Real Decreto, se establece que las diferencias que se producen  en cada ejercicio, entre  los  ingresos  por venta de  energ\u00eda al precio estimado, estimaci\u00f3n que determina el regulador al inicio de cada semiper\u00edodo regulatorio trianual, y los ingresos por venta al precio medio real de mercado en dicho ejercicio, se regularizan en la retribuci\u00f3n a obtener en ejercicios futuros a trav\u00e9s de un ajuste en la \u201cRetribuci\u00f3n a la inversi\u00f3n\u201d. Dicha diferencia denominada \u201cValor de ajuste por desviaciones en el precio del mercado- Vajdm\u201d viene regulada en el art\u00edculo 22 de dicho Real Decreto (v\u00e9anse Nota 10 y Anexo III). El  tratamiento  contable  aplicado  por  ENCE  al  Vajdm  qued\u00f3  recogido  en  el  documento  \u201cCriterio  para contabilizar el \u201cValor de los ajustes por desviaciones en el precio del mercado\u201d (Vajdm), de acuerdo con el art\u00edculo 22 del real decreto 413/2014\u201d publicado por la CNMV el 22 de octubre de 2021: \u2022  Con car\u00e1cter general se reconoce en el Estado de Situaci\u00f3n Financiera cada una de las desviaciones del mercado, positivas y negativas que surgen al amparo del RD 413/2014 con contrapartida en el importe neto de la cifra de negocios. En este sentido, los ajustes por desviaciones del pool positivos netos que se vayan generando a lo largo de un mismo semiperiodo regulatorio y que representar\u00e1n un incremento en las retribuciones futuras recibidas de CNMC se registran como un activo en el ep\u00edgrafe \u201cOtras inversiones financieras\u201d y como un mayor ingreso asociado a la venta de electricidad. Dicho activo neto, una vez finalizado el semiperiodo regulatorio se revierte reduciendo el ingreso asociado a la venta de electricidad a lo largo de la vida regulatoria restante de la instalaci\u00f3n. Por su parte, los ajustes por desviaciones del pool negativos netos que se vayan generando a lo largo de un  mismo  semiperiodo  regulatorio  y  que  representar\u00e1n  una  reducci\u00f3n  en  las  retribuciones  futuras recibidas de CNMC se registran en funci\u00f3n de su vencimiento como un pasivo en los ep\u00edgrafes \u201cOtros pasivos no corrientes\u201d y \u201cOtros pasivos corrientes\u201d y como un menor ingreso asociado a la venta de electricidad. Dicho pasivo neto, una vez finalizado el semiperiodo regulatorio se revierte incrementando el ingreso asociado a la venta de electricidad a lo largo de la vida regulatoria restante de la instalaci\u00f3n. \u2022  El  r\u00e9gimen  retributivo  supone  una  garant\u00eda  de rentabilidad  m\u00ednima,  pero  no  impone  un  techo  a  la rentabilidad obtenible del mercado, por lo que los ajustes por desviaciones del pool negativos tienen como l\u00edmite, para cada instalaci\u00f3n, su Valor Neto del Activo \u2013 VNA (concepto retributivo que representa el valor actual de los cobros futuros en concepto de retribuci\u00f3n a la inversi\u00f3n). \u2022  A efectos de presentaci\u00f3n en el Estado de Situaci\u00f3n Financiera, los saldos que se han originado en el semiper\u00edodo corriente se presentar\u00e1n para cada instalaci\u00f3n como un activo neto, si las desviaciones positivas  en el semiperiodo  superan a las negativas, o un pasivo neto, si las desviaciones negativas superan a las positivas. Por lo que se refiere a los semiper\u00edodos anteriores, igualmente se presentar\u00e1n para  cada  instalaci\u00f3n  como  un  activo  neto  si  los  importes  acumulados  por  desviaciones  positivas correspondientes  a  todos  los  semiper\u00edodos  anteriores  superan  los  importes  acumulados  por desviaciones  negativas  correspondientes  igualmente  a  dichos  semiper\u00edodos  anteriores,  o  como  un pasivo neto en caso contrario. No obstante lo anterior, si a lo largo de la vida regulatoria residual de los activos, se considera, de acuerdo con su mejor estimaci\u00f3n de la evoluci\u00f3n futura de los precios de mercado de la energ\u00eda y de otros factores cualitativos, que ser\u00eda altamente probable que se obtendr\u00e1n rentabilidades del mercado superiores a las establecidas  en  el  RD  413/2014  y  que,  por  lo  tanto,  abandonar  el  r\u00e9gimen  retributivo  no  tendr\u00eda consecuencias  econ\u00f3micas  significativamente  m\u00e1s  adversas  que  permanecer  en  dicho  r\u00e9gimen,  en  esa situaci\u00f3n se reconoce s\u00f3lo el activo asociado a las desviaciones del pool positivas. Esta situaci\u00f3n se produce en  aquellas  instalaciones  tipo  (IT)  en  las  que,  considerando  las  previsiones  de  precios  de  mercado,  la direcci\u00f3n  del  Grupo  estime  que  en  la  revisi\u00f3n  de  par\u00e1metros  retributivos  correspondiente  al  siguiente semiperiodo regulatorio es probable que no se obtenga retribuci\u00f3n futura del regulador, o bien, esta ser\u00e1 poco significativa. En estos casos se considera que la valoraci\u00f3n asignable al pasivo asociado al ajuste por desviaciones  por  precios  de  mercado  es  cero  y  por  tanto  se  regulariza  en  ese  momento las diferencias negativas  existentes hasta  esa  fecha  a  trav\u00e9s  del  mismo  ep\u00edgrafe de  la  cuenta  de p\u00e9rdidas  y  ganancias consolidada y conforme a lo establecido por la NIC 8 respecto de un cambio en las estimaciones. En sentido contrario, si como consecuencia de las oscilaciones de precio de mercado a futuro, diferencias negativas valoradas a cero conforme a lo comentado en los p\u00e1rrafos anteriores recuperasen valor como consecuencia en el cambio de expectativas respecto del valor del VNA del IT asociado o de la expectativa de cobro  de  retribuci\u00f3n  a  la  inversi\u00f3n,  dicha  modificaci\u00f3n  se  registrar\u00eda  igualmente  como  un  cambio  en estimaciones conforme a lo indicado en la NIC 8. Al 31 de diciembre de 2023, considerando la situaci\u00f3n actual del mercado energ\u00e9tico, la evoluci\u00f3n de las cotizaciones a futuro de precios de energ\u00eda en el corto y medio plazo, as\u00ed como la regulaci\u00f3n vigente, el Grupo registra pasivo derivado del ajuste por desviaciones negativas de precios de mercado existente a dicha fecha en todas las IT en las que opera. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-576": {
   "value": "Los \u201cIngresos ordinarios\u201d representan los importes a cobrar por los bienes entregados y servicios prestados  en el marco ordinario de la actividad, netos de devoluciones y descuentos, y cantidades recibidas por cuenta  de terceros, tales como el impuesto sobre el valor a\u00f1adido. Los ingresos se reconocen cuando se pueden  medir con fiabilidad y es probable que ENCE recibir\u00e1 los beneficios econ\u00f3micos asociados a la transacci\u00f3n, y  se valoran por el valor razonable de la contraprestaci\u00f3n recibida o a recibir.  ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDiscountsAndRebatesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-577": {
   "value": "Los gastos se reconocen en el Estado de Resultado consolidado de acuerdo a su devengo. Asimismo, se  reconoce un gasto de forma inmediata cuando no se prev\u00e9 que genere beneficios econ\u00f3micos futuros. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForExpensesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-592": {
   "value": "3.16<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Impuesto sobre beneficio<span class=\"__1 _5\"></span>s<span class=\"__1 _1bc\"> </span></span></span><span class=\"ff5\"><span class=\"ff3_1 fc3\"> </span></span>El <span class=\"__1 _6\"></span>Grupo <span class=\"__1 _6\"></span>tributa <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>Impuesto<span class=\"__1 _6\"></span> s<span class=\"__1 _6\"></span>obre <span class=\"__1 _6\"></span>Sociedades <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>trav\u00e9s <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e d<span class=\"__1 _6\"></span>os <span class=\"__1 _6\"></span>Grupos <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>cons<span class=\"__1 _6\"></span>olidaci\u00f3n <span class=\"__1 _6\"></span>fiscal <span class=\"__1 _6\"></span>regu<span class=\"__1 _8\"></span>lados<span class=\"__1 _1bc\"> </span> en <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>Cap\u00edtulo <span class=\"__1 _4\"></span>VI <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _4\"></span>T\u00edtulo <span class=\"__1 _4\"></span>V<span class=\"__1 _6\"></span>II <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>Texto <span class=\"__1 _c8\"></span>Refundido <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>la <span class=\"__1 _c8\"></span>Ley <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>Impuesto <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>obre <span class=\"__1 _4\"></span>Socied<span class=\"__1 _6\"></span>ades, <span class=\"__1 _4\"></span>siendo <span class=\"__1 _c8\"></span>las<span class=\"__1 _1bc\"> </span> cabeceras de <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>ichos Grupos Ence Energ\u00eda <span class=\"__1 _70\"></span>y Celulosa, S.A. y Magnon <span class=\"__1 _70\"></span>Gre<span class=\"__1 _6\"></span>en Energy, <span class=\"__1 _5\"></span>S.L. Se <span class=\"__1 _5\"></span>integran en <span class=\"__1 _5\"></span>dichos<span class=\"__1 _1bc\"> </span> Grupos <span class=\"__1 _6\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>filiales <span class=\"__1 _6\"></span>qu<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>est\u00e1n <span class=\"__1 _8\"></span>domiciliadas<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>E<span class=\"__1 _6\"></span>spa\u00f1a <span class=\"__1 _8\"></span>y <span class=\"__1 _6\"></span>sobre <span class=\"__1 _6\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>que <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>cabecera <span class=\"__1 _6\"></span>tiene <span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>na <span class=\"__1 _8\"></span>participaci\u00f3n <span class=\"__1 _6\"></span>en<span class=\"__1 _1bc\"> </span> su capital s<span class=\"__1 _6\"></span>ocial igual o superior al 75%. <span class=\"__1 _6\"></span> El <span class=\"__1 _c6\"> </span>gasto<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>o <span class=\"__1 _ca\"> </span>ingreso <span class=\"__1 _c6\"> </span>po<span class=\"__1 _6\"></span>r <span class=\"__1 _c6\"> </span>el <span class=\"__1 _c6\"> </span>Im<span class=\"__1 _6\"></span>puesto <span class=\"__1 _ca\"> </span>sobre <span class=\"__1 _c6\"> </span>Sociedad<span class=\"__1 _6\"></span>es <span class=\"__1 _c6\"> </span>comprende <span class=\"__1 _ca\"> </span>tanto <span class=\"__1 _ca\"> </span>el <span class=\"__1 _c6\"> </span>impuesto<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>corriente <span class=\"__1 _ca\"> </span>como <span class=\"__1 _c6\"> </span>e<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span> impuesto  diferido.  El <span class=\"__1 _cb\"> </span>impuesto  sobre  las  gan<span class=\"__1 _6\"></span>ancias  corriente  o  diferido  se  reconoce  en <span class=\"__1 _cb\"> </span>el  Estado  de<span class=\"__1 _1bc\"> </span><span class=\"__1 _5\"></span> Resultado <span class=\"__1 _6\"></span>consolidado, s<span class=\"__1 _6\"></span>alvo que su<span class=\"__1 _6\"></span>rja de un<span class=\"__1 _6\"></span>a transacci\u00f3n o <span class=\"__1 _6\"></span>suceso <span class=\"__1 _6\"></span>econ\u00f3mico q<span class=\"__1 _6\"></span>ue se ha <span class=\"__1 _6\"></span>reconocido, <span class=\"__1 _6\"></span>en el<span class=\"__1 _1bc\"> </span> mismo ejercicio o en otro d<span class=\"__1 _6\"></span>iferente, contra<span class=\"__1 _6\"></span> patrimonio neto o<span class=\"__1 _6\"></span> de una combinaci\u00f3<span class=\"__1 _6\"></span>n de negocios.<span class=\"__1 _1bc\"> </span>Los <span class=\"__1 _70\"></span>act<span class=\"__1 _6\"></span>ivos <span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>pas<span class=\"__1 _6\"></span>ivos <span class=\"__1 _70\"></span>por im<span class=\"__1 _5\"></span>puesto <span class=\"__1 _5\"></span>sobre <span class=\"__1 _70\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>ganan<span class=\"__1 _6\"></span>cias <span class=\"__1 _70\"></span>corrie<span class=\"__1 _6\"></span>ntes <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>valoran<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>por <span class=\"__1 _5\"></span>las <span class=\"__1 _70\"></span>can<span class=\"__1 _6\"></span>tidades <span class=\"__1 _70\"></span>qu<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>se <span class=\"__1 _70\"></span>es<span class=\"__1 _6\"></span>pera<span class=\"__1 _1bc\"> </span> pagar <span class=\"__1 _8\"></span>o <span class=\"__1 _6\"></span>recup<span class=\"__1 _6\"></span>erar <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>autoridades <span class=\"__1 _8\"></span>fiscales, <span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>tilizando <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>normativa <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>tipos <span class=\"__1 _8\"></span>impositivos <span class=\"__1 _6\"></span>apro<span class=\"__1 _6\"></span>bados <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>los<span class=\"__1 _1bc\"> </span> pa\u00edses que op<span class=\"__1 _6\"></span>eran las sociedades d<span class=\"__1 _6\"></span>el Gr<span class=\"ls14\">upo</span>.<span class=\"__1 _1bc\"> </span> La <span class=\"__1 _6\"></span>contabilizaci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>activos <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>pasivos <span class=\"__1 _6\"></span>por impuesto<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>diferido se <span class=\"__1 _6\"></span>determina <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>funci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>diferencias<span class=\"__1 _1bc\"> </span> entre <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>v<span class=\"__1 _6\"></span>alor <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>libros <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>act<span class=\"__1 _6\"></span>ivos <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>pasivos <span class=\"__1 _8\"></span>y <span class=\"__1 _4\"></span>su <span class=\"__1 _8\"></span>base <span class=\"__1 _8\"></span>fiscal, <span class=\"__1 _4\"></span>utilizando <span class=\"__1 _8\"></span>las <span class=\"__1 _4\"></span>tasas <span class=\"__1 _8\"></span>fiscales <span class=\"__1 _8\"></span>que <span class=\"__1 _4\"></span>se <span class=\"__1 _8\"></span>espera<span class=\"__1 _1bc\"> </span> objetivamente  que <span class=\"__1 _ca\"> </span>est\u00e9n  en <span class=\"__1 _c6\"> </span>v<span class=\"__1 _6\"></span>igor  cuando  lo<span class=\"__1 _5\"></span>s  activos <span class=\"__1 _c6\"> </span>y  pasivos  se <span class=\"__1 _ca\"> </span>realicen,  valor<span class=\"__1 _5\"></span>  que <span class=\"__1 _c6\"> </span>coincide  con  el<span class=\"__1 _1bc\"> </span><span class=\"__1 _5\"></span> gravamen  vigente <span class=\"__1 _c6\"> </span>en  cada  momento.  Es<span class=\"__1 _6\"></span>tos  activos  y <span class=\"__1 _c6\"> </span>pasivos  se <span class=\"__1 _ca\"> </span>reconocen  en <span class=\"__1 _c6\"> </span>el  Estad<span class=\"__1 _6\"></span>o  de <span class=\"__1 _c6\"> </span>Situaci\u00f3<span class=\"__1 _6\"></span>n<span class=\"__1 _1bc\"> </span> Financiera consolidado como \u201cno <span class=\"__1 _5\"></span>corrientes\u201d, independientemente de <span class=\"__1 _5\"></span>la fecha de <span class=\"__1 _5\"></span>esperada <span class=\"__1 _6\"></span><span class=\"ff4\">de re<span class=\"__1 _5\"></span>alizaci\u00f3n o<span class=\"__1 _1bc\"> </span></span><span class=\"ff4\"> </span>liquidaci\u00f3n.<span class=\"__1 _1bc\"> </span> El <span class=\"__1 _6\"></span>Grupo <span class=\"__1 _8\"></span>reconoce <span class=\"__1 _6\"></span>con <span class=\"__1 _8\"></span>car\u00e1cter <span class=\"__1 _6\"></span>general <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>pasivos <span class=\"__1 _6\"></span>po<span class=\"__1 _6\"></span>r <span class=\"__1 _6\"></span>impuesto <span class=\"__1 _6\"></span>diferido <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>todos <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>casos. <span class=\"__1 _4\"></span>Por s<span class=\"__1 _6\"></span>u <span class=\"__1 _6\"></span>parte,<span class=\"__1 _1bc\"> </span> los <span class=\"__1 _c6\"> </span>activ<span class=\"__1 _6\"></span>os <span class=\"__1 _c6\"> </span>p<span class=\"__1 _6\"></span>or <span class=\"__1 _c6\"> </span>impuesto  diferido <span class=\"__1 _c6\"> </span>s\u00f3lo <span class=\"__1 _ca\"> </span>se <span class=\"__1 _c6\"> </span>recon<span class=\"__1 _6\"></span>ocen <span class=\"__1 _c6\"> </span>en  el <span class=\"__1 _c6\"> </span>caso <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c6\"> </span>que  se <span class=\"__1 _c8\"> </span>con<span class=\"__1 _6\"></span>sidere<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>probab<span class=\"__1 _6\"></span>le <span class=\"__1 _c6\"> </span>que <span class=\"__1 _ca\"> </span>las<span class=\"__1 _1bc\"> </span> entidades cons<span class=\"__1 _6\"></span>olidadas<span class=\"__1 _6\"></span> van a tener en el futuro s<span class=\"__1 _6\"></span>uficientes ganan<span class=\"__1 _6\"></span>cias fiscales contra<span class=\"__1 _6\"></span> las que poder hacerlos<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> efectivos. <span class=\"__1 _6\"></span>Con<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>ocasi\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>cada <span class=\"__1 _6\"></span>cierre <span class=\"__1 _6\"></span>contab<span class=\"__1 _6\"></span>le, <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>reestima <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>capacidad <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>recuperaci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>los <span class=\"__1 _6\"></span>impuestos<span class=\"__1 _1bc\"> </span> diferidos <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>activo <span class=\"__1 _6\"></span>reconocidos, <span class=\"__1 _8\"></span>efectu\u00e1ndose <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>op<span class=\"__1 _6\"></span>ortunas <span class=\"__1 _8\"></span>correcciones <span class=\"__1 _8\"></span>a <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>mismos <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>acuerdo <span class=\"__1 _6\"></span>con <span class=\"__1 _8\"></span>los<span class=\"__1 _1bc\"> </span> resultados d<span class=\"__1 _6\"></span>e los an\u00e1lisis realizados. <span class=\"__1 _6\"></span> No <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>reconocen <span class=\"__1 _4\"></span>activos<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>pasivos <span class=\"__1 _4\"></span>por <span class=\"__1 _4\"></span>impuesto<span class=\"__1 _6\"></span>s <span class=\"__1 _4\"></span>diferidos <span class=\"__1 _4\"></span>cuand<span class=\"__1 _6\"></span>o <span class=\"__1 _4\"></span>surgen <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>reconocimiento <span class=\"__1 _4\"></span>inicial <span class=\"__1 _4\"></span>del<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> fondo de comercio o<span class=\"__1 _6\"></span> de un a<span class=\"__1 _6\"></span>ctivo o p<span class=\"__1 _6\"></span>asivo en u<span class=\"__1 _6\"></span>na <span class=\"__1 _6\"></span>transacci\u00f3n qu<span class=\"__1 _6\"></span>e no es una <span class=\"__1 _6\"></span>combinaci\u00f3n d<span class=\"__1 _6\"></span>e negocios y en<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> la <span class=\"__1 _4\"></span>fe<span class=\"__1 _5\"></span>cha <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>transacci\u00f3n <span class=\"__1 _4\"></span>no <span class=\"__1 _4\"></span>afecta <span class=\"__1 _8\"></span>ni <span class=\"__1 _4\"></span>al <span class=\"__1 _4\"></span>resultado <span class=\"__1 _4\"></span>contable <span class=\"__1 _8\"></span>ni <span class=\"__1 _4\"></span>a <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>base <span class=\"__1 _4\"></span>imponible <span class=\"__1 _4\"></span>fiscal, <span class=\"__1 _4\"></span>o <span class=\"__1 _8\"></span>bien, <span class=\"__1 _4\"></span>cuando<span class=\"__1 _1bc\"> </span> correspondan <span class=\"__1 _cf\"> </span>a <span class=\"__1 _ce\"> </span>diferencias <span class=\"__1 _cf\"> </span>temporarias <span class=\"__1 _ce\"> </span>relacionad<span class=\"__1 _6\"></span>as <span class=\"__1 _ce\"> </span>con <span class=\"__1 _cf\"> </span>inversiones <span class=\"__1 _cf\"> </span>en <span class=\"__1 _cd\"> </span>s<span class=\"__1 _6\"></span>ociedades <span class=\"__1 _ce\"> </span>d<span class=\"__1 _6\"></span>ependiente<span class=\"__1 _8\"></span>s,<span class=\"__1 _1bc\"> </span> asociadas <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>negocios<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>conjuntos <span class=\"__1 _8\"></span>sobre <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>Grupo <span class=\"__1 _8\"></span>tenga <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>capacidad<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>controlar <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>momento <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>su<span class=\"__1 _1bc\"> </span> reversi\u00f3n y no fu<span class=\"__1 _6\"></span>ese probable qu<span class=\"__1 _6\"></span>e se produzca su rev<span class=\"__1 _6\"></span>ersi\u00f3n en un futuro p<span class=\"__1 _6\"></span>revisible.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> Si <span class=\"__1 _4\"></span>el <span class=\"__1 _c8\"> </span>Grup<span class=\"__1 _6\"></span>o <span class=\"__1 _c8\"></span>determina <span class=\"__1 _c8\"></span>que <span class=\"__1 _c8\"></span>no <span class=\"__1 _c8\"></span>es <span class=\"__1 _c8\"></span>probable <span class=\"__1 _c8\"></span>que <span class=\"__1 _c8\"></span>la <span class=\"__1 _c8\"></span>autoridad <span class=\"__1 _c8\"> </span>fiscal <span class=\"__1 _c8\"></span>v<span class=\"__1 _6\"></span>ay<span class=\"__1 _6\"></span>a <span class=\"__1 _c8\"></span>a <span class=\"__1 _4\"></span>acept<span class=\"__1 _6\"></span>ar <span class=\"__1 _c8\"></span>un <span class=\"__1 _c8\"></span>tratamiento <span class=\"__1 _c8\"></span>fiscal<span class=\"__1 _1bc\"> </span> incierto <span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>n <span class=\"__1 _8\"></span>grupo <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>tratamientos <span class=\"__1 _8\"></span>fiscales <span class=\"__1 _6\"></span>inciertos<span class=\"__1 _6\"></span>, <span class=\"__1 _8\"></span>considera <span class=\"__1 _6\"></span>dicha<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>incertidu<span class=\"__1 _6\"></span>mbre <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>determinaci\u00f3n<span class=\"__1 _1bc\"> </span> de <span class=\"__1 _cb\"> </span>la <span class=\"__1 _c9\"> </span>base <span class=\"__1 _cb\"> </span>imponible, <span class=\"__1 _c9\"> </span>bases <span class=\"__1 _cb\"> </span>fiscales, <span class=\"__1 _c9\"> </span>cr\u00e9ditos <span class=\"__1 _cb\"> </span>por <span class=\"__1 _c9\"> </span>bases <span class=\"__1 _cb\"> </span>imponibles <span class=\"__1 _cb\"> </span>n<span class=\"__1 _6\"></span>egativas, <span class=\"__1 _cb\"> </span>d<span class=\"__1 _6\"></span>educciones <span class=\"__1 _cb\"> </span>o <span class=\"__1 _c9\"> </span>tipos<span class=\"__1 _1bc\"> </span> impositivos.  ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-15": {
   "value": "Los <span class=\"__1 _70\"></span>act<span class=\"__1 _6\"></span>ivos <span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>pas<span class=\"__1 _6\"></span>ivos <span class=\"__1 _70\"></span>por im<span class=\"__1 _5\"></span>puesto <span class=\"__1 _5\"></span>sobre <span class=\"__1 _70\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>ganan<span class=\"__1 _6\"></span>cias <span class=\"__1 _70\"></span>corrie<span class=\"__1 _6\"></span>ntes <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>valoran<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>por <span class=\"__1 _5\"></span>las <span class=\"__1 _70\"></span>can<span class=\"__1 _6\"></span>tidades <span class=\"__1 _70\"></span>qu<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>se <span class=\"__1 _70\"></span>es<span class=\"__1 _6\"></span>pera<span class=\"__1 _1bc\"> </span> pagar <span class=\"__1 _8\"></span>o <span class=\"__1 _6\"></span>recup<span class=\"__1 _6\"></span>erar <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>autoridades <span class=\"__1 _8\"></span>fiscales, <span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>tilizando <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>normativa <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>tipos <span class=\"__1 _8\"></span>impositivos <span class=\"__1 _6\"></span>apro<span class=\"__1 _6\"></span>bados <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>los<span class=\"__1 _1bc\"> </span> pa\u00edses que op<span class=\"__1 _6\"></span>eran las sociedades d<span class=\"__1 _6\"></span>el Gr<span class=\"ls14\">upo</span>.<span class=\"__1 _1bc\"> </span> La <span class=\"__1 _6\"></span>contabilizaci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>activos <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>pasivos <span class=\"__1 _6\"></span>por impuesto<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>diferido se <span class=\"__1 _6\"></span>determina <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>funci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>diferencias<span class=\"__1 _1bc\"> </span> entre <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>v<span class=\"__1 _6\"></span>alor <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>libros <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>act<span class=\"__1 _6\"></span>ivos <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>pasivos <span class=\"__1 _8\"></span>y <span class=\"__1 _4\"></span>su <span class=\"__1 _8\"></span>base <span class=\"__1 _8\"></span>fiscal, <span class=\"__1 _4\"></span>utilizando <span class=\"__1 _8\"></span>las <span class=\"__1 _4\"></span>tasas <span class=\"__1 _8\"></span>fiscales <span class=\"__1 _8\"></span>que <span class=\"__1 _4\"></span>se <span class=\"__1 _8\"></span>espera<span class=\"__1 _1bc\"> </span> objetivamente  que <span class=\"__1 _ca\"> </span>est\u00e9n  en <span class=\"__1 _c6\"> </span>v<span class=\"__1 _6\"></span>igor  cuando  lo<span class=\"__1 _5\"></span>s  activos <span class=\"__1 _c6\"> </span>y  pasivos  se <span class=\"__1 _ca\"> </span>realicen,  valor<span class=\"__1 _5\"></span>  que <span class=\"__1 _c6\"> </span>coincide  con  el<span class=\"__1 _1bc\"> </span><span class=\"__1 _5\"></span> gravamen  vigente <span class=\"__1 _c6\"> </span>en  cada  momento.  Es<span class=\"__1 _6\"></span>tos  activos  y <span class=\"__1 _c6\"> </span>pasivos  se <span class=\"__1 _ca\"> </span>reconocen  en <span class=\"__1 _c6\"> </span>el  Estad<span class=\"__1 _6\"></span>o  de <span class=\"__1 _c6\"> </span>Situaci\u00f3<span class=\"__1 _6\"></span>n<span class=\"__1 _1bc\"> </span> Financiera consolidado como \u201cno <span class=\"__1 _5\"></span>corrientes\u201d, independientemente de <span class=\"__1 _5\"></span>la fecha de <span class=\"__1 _5\"></span>esperada <span class=\"__1 _6\"></span><span class=\"ff4\">de re<span class=\"__1 _5\"></span>alizaci\u00f3n o<span class=\"__1 _1bc\"> </span></span><span class=\"ff4\"> </span>liquidaci\u00f3n.<span class=\"__1 _1bc\"> </span> El <span class=\"__1 _6\"></span>Grupo <span class=\"__1 _8\"></span>reconoce <span class=\"__1 _6\"></span>con <span class=\"__1 _8\"></span>car\u00e1cter <span class=\"__1 _6\"></span>general <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>pasivos <span class=\"__1 _6\"></span>po<span class=\"__1 _6\"></span>r <span class=\"__1 _6\"></span>impuesto <span class=\"__1 _6\"></span>diferido <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>todos <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>casos. <span class=\"__1 _4\"></span>Por s<span class=\"__1 _6\"></span>u <span class=\"__1 _6\"></span>parte,<span class=\"__1 _1bc\"> </span> los <span class=\"__1 _c6\"> </span>activ<span class=\"__1 _6\"></span>os <span class=\"__1 _c6\"> </span>p<span class=\"__1 _6\"></span>or <span class=\"__1 _c6\"> </span>impuesto  diferido <span class=\"__1 _c6\"> </span>s\u00f3lo <span class=\"__1 _ca\"> </span>se <span class=\"__1 _c6\"> </span>recon<span class=\"__1 _6\"></span>ocen <span class=\"__1 _c6\"> </span>en  el <span class=\"__1 _c6\"> </span>caso <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c6\"> </span>que  se <span class=\"__1 _c8\"> </span>con<span class=\"__1 _6\"></span>sidere<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>probab<span class=\"__1 _6\"></span>le <span class=\"__1 _c6\"> </span>que <span class=\"__1 _ca\"> </span>las<span class=\"__1 _1bc\"> </span> entidades cons<span class=\"__1 _6\"></span>olidadas<span class=\"__1 _6\"></span> van a tener en el futuro s<span class=\"__1 _6\"></span>uficientes ganan<span class=\"__1 _6\"></span>cias fiscales contra<span class=\"__1 _6\"></span> las que poder hacerlos<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> efectivos. <span class=\"__1 _6\"></span>Con<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>ocasi\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>cada <span class=\"__1 _6\"></span>cierre <span class=\"__1 _6\"></span>contab<span class=\"__1 _6\"></span>le, <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>reestima <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>capacidad <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>recuperaci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>los <span class=\"__1 _6\"></span>impuestos<span class=\"__1 _1bc\"> </span> diferidos <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>activo <span class=\"__1 _6\"></span>reconocidos, <span class=\"__1 _8\"></span>efectu\u00e1ndose <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>op<span class=\"__1 _6\"></span>ortunas <span class=\"__1 _8\"></span>correcciones <span class=\"__1 _8\"></span>a <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>mismos <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>acuerdo <span class=\"__1 _6\"></span>con <span class=\"__1 _8\"></span>los<span class=\"__1 _1bc\"> </span> resultados d<span class=\"__1 _6\"></span>e los an\u00e1lisis realizados. <span class=\"__1 _6\"></span> No <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>reconocen <span class=\"__1 _4\"></span>activos<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>pasivos <span class=\"__1 _4\"></span>por <span class=\"__1 _4\"></span>impuesto<span class=\"__1 _6\"></span>s <span class=\"__1 _4\"></span>diferidos <span class=\"__1 _4\"></span>cuand<span class=\"__1 _6\"></span>o <span class=\"__1 _4\"></span>surgen <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>reconocimiento <span class=\"__1 _4\"></span>inicial <span class=\"__1 _4\"></span>del<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> fondo de comercio o<span class=\"__1 _6\"></span> de un a<span class=\"__1 _6\"></span>ctivo o p<span class=\"__1 _6\"></span>asivo en u<span class=\"__1 _6\"></span>na <span class=\"__1 _6\"></span>transacci\u00f3n qu<span class=\"__1 _6\"></span>e no es una <span class=\"__1 _6\"></span>combinaci\u00f3n d<span class=\"__1 _6\"></span>e negocios y en<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> la <span class=\"__1 _4\"></span>fe<span class=\"__1 _5\"></span>cha <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>transacci\u00f3n <span class=\"__1 _4\"></span>no <span class=\"__1 _4\"></span>afecta <span class=\"__1 _8\"></span>ni <span class=\"__1 _4\"></span>al <span class=\"__1 _4\"></span>resultado <span class=\"__1 _4\"></span>contable <span class=\"__1 _8\"></span>ni <span class=\"__1 _4\"></span>a <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>base <span class=\"__1 _4\"></span>imponible <span class=\"__1 _4\"></span>fiscal, <span class=\"__1 _4\"></span>o <span class=\"__1 _8\"></span>bien, <span class=\"__1 _4\"></span>cuando<span class=\"__1 _1bc\"> </span> correspondan <span class=\"__1 _cf\"> </span>a <span class=\"__1 _ce\"> </span>diferencias <span class=\"__1 _cf\"> </span>temporarias <span class=\"__1 _ce\"> </span>relacionad<span class=\"__1 _6\"></span>as <span class=\"__1 _ce\"> </span>con <span class=\"__1 _cf\"> </span>inversiones <span class=\"__1 _cf\"> </span>en <span class=\"__1 _cd\"> </span>s<span class=\"__1 _6\"></span>ociedades <span class=\"__1 _ce\"> </span>d<span class=\"__1 _6\"></span>ependiente<span class=\"__1 _8\"></span>s,<span class=\"__1 _1bc\"> </span> asociadas <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>negocios<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>conjuntos <span class=\"__1 _8\"></span>sobre <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>Grupo <span class=\"__1 _8\"></span>tenga <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>capacidad<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>controlar <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>momento <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>su<span class=\"__1 _1bc\"> </span> reversi\u00f3n y no fu<span class=\"__1 _6\"></span>ese probable qu<span class=\"__1 _6\"></span>e se produzca su rev<span class=\"__1 _6\"></span>ersi\u00f3n en un futuro p<span class=\"__1 _6\"></span>revisible.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> Si <span class=\"__1 _4\"></span>el <span class=\"__1 _c8\"> </span>Grup<span class=\"__1 _6\"></span>o <span class=\"__1 _c8\"></span>determina <span class=\"__1 _c8\"></span>que <span class=\"__1 _c8\"></span>no <span class=\"__1 _c8\"></span>es <span class=\"__1 _c8\"></span>probable <span class=\"__1 _c8\"></span>que <span class=\"__1 _c8\"></span>la <span class=\"__1 _c8\"></span>autoridad <span class=\"__1 _c8\"> </span>fiscal <span class=\"__1 _c8\"></span>v<span class=\"__1 _6\"></span>ay<span class=\"__1 _6\"></span>a <span class=\"__1 _c8\"></span>a <span class=\"__1 _4\"></span>acept<span class=\"__1 _6\"></span>ar <span class=\"__1 _c8\"></span>un <span class=\"__1 _c8\"></span>tratamiento <span class=\"__1 _c8\"></span>fiscal<span class=\"__1 _1bc\"> </span> incierto <span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>n <span class=\"__1 _8\"></span>grupo <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>tratamientos <span class=\"__1 _8\"></span>fiscales <span class=\"__1 _6\"></span>inciertos<span class=\"__1 _6\"></span>, <span class=\"__1 _8\"></span>considera <span class=\"__1 _6\"></span>dicha<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>incertidu<span class=\"__1 _6\"></span>mbre <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>determinaci\u00f3n<span class=\"__1 _1bc\"> </span> de <span class=\"__1 _cb\"> </span>la <span class=\"__1 _c9\"> </span>base <span class=\"__1 _cb\"> </span>imponible, <span class=\"__1 _c9\"> </span>bases <span class=\"__1 _cb\"> </span>fiscales, <span class=\"__1 _c9\"> </span>cr\u00e9ditos <span class=\"__1 _cb\"> </span>por <span class=\"__1 _c9\"> </span>bases <span class=\"__1 _cb\"> </span>imponibles <span class=\"__1 _cb\"> </span>n<span class=\"__1 _6\"></span>egativas, <span class=\"__1 _cb\"> </span>d<span class=\"__1 _6\"></span>educciones <span class=\"__1 _cb\"> </span>o <span class=\"__1 _c9\"> </span>tipos<span class=\"__1 _1bc\"> </span> impositivos.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-610": {
   "value": "3.17 Activos no corrientes mantenidos para la venta y Operaciones  discontinuadas  Un activo no corriente o un grupo enajenable de elementos se clasifica como activo mantenido para la venta  cuando su valor se prev\u00e9 recuperar principalmente a trav\u00e9s de su venta, y siempre que la venta se considere  altamente probable, y el activo est\u00e9 disponible para su venta inmediata en su estado actual.  Estos activos o grupos de enajenaci\u00f3n se valoran por el menor del importe en libros o el valor estimado de  venta deducidos los costes necesarios para llevarla a cabo y dejan de amortizarse desde el momento en que  son clasificados como activos no corrientes mantenidos para la venta. Anualmente se analiza que el valor  contable no exceda del valor razonable menos los costes de venta. En caso de producirse esta situaci\u00f3n se  realizan las correspondientes correcciones valorativas que se incluyen en el ep\u00edgrafe \u201cDeterioros de valor y  resultados por enajenaci\u00f3n de inmovilizado\u201d del Estado de Resultado consolidado.  Los  activos  no  corrientes  mantenidos  para  la  venta  se  presentan  en  el  Estado  de  Situaci\u00f3n  Financiera  consolidado  de  la  siguiente  forma:  los  activos  en  una  \u00fanica  l\u00ednea  denominada  \u201cActivos  no  corrientes  mantenidos para la venta\u201d y los pasivos tambi\u00e9n en una \u00fanica l\u00ednea denominada \u201cPasivos asociados a activos  no corrientes mantenidos para la venta\u201d. Adicionalmente,  el  Grupo  considera  actividades  interrumpidas  los  componentes  (unidades  o  grupos  de unidades generadoras de efectivo) que representan una l\u00ednea de negocio o \u00e1rea geogr\u00e1fica significativa y que pueda  considerarse separada  del resto, que se hayan vendido o dispuesto por otra v\u00eda, o bien que re\u00fanen las condiciones descritas para ser clasificadas como mantenidas para la venta. Los resultados despu\u00e9s de impuestos de las operaciones discontinuadas se presentan en una \u00fanica l\u00ednea del Estado  de  Resultado  consolidado  denominada  \u201cResultado  del  ejercicio  procedente  de  operaciones interrumpidas neto de impuestos\u201d ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperationsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-599": {
   "value": "3.17 Activos no corrientes mantenidos para la venta y Operaciones  discontinuadas  Un activo no corriente o un grupo enajenable de elementos se clasifica como activo mantenido para la venta  cuando su valor se prev\u00e9 recuperar principalmente a trav\u00e9s de su venta, y siempre que la venta se considere  altamente probable, y el activo est\u00e9 disponible para su venta inmediata en su estado actual.  Estos activos o grupos de enajenaci\u00f3n se valoran por el menor del importe en libros o el valor estimado de  venta deducidos los costes necesarios para llevarla a cabo y dejan de amortizarse desde el momento en que  son clasificados como activos no corrientes mantenidos para la venta. Anualmente se analiza que el valor  contable no exceda del valor razonable menos los costes de venta. En caso de producirse esta situaci\u00f3n se  realizan las correspondientes correcciones valorativas que se incluyen en el ep\u00edgrafe \u201cDeterioros de valor y  resultados por enajenaci\u00f3n de inmovilizado\u201d del Estado de Resultado consolidado.  Los  activos  no  corrientes  mantenidos  para  la  venta  se  presentan  en  el  Estado  de  Situaci\u00f3n  Financiera  consolidado  de  la  siguiente  forma:  los  activos  en  una  \u00fanica  l\u00ednea  denominada  \u201cActivos  no  corrientes  mantenidos para la venta\u201d y los pasivos tambi\u00e9n en una \u00fanica l\u00ednea denominada \u201cPasivos asociados a activos  no corrientes mantenidos para la venta\u201d. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-16": {
   "value": "Adicionalmente,  el  Grupo  considera  actividades  interrumpidas  los  componentes  (unidades  o  grupos  de unidades generadoras de efectivo) que representan una l\u00ednea de negocio o \u00e1rea geogr\u00e1fica significativa y que pueda  considerarse separada  del resto, que se hayan vendido o dispuesto por otra v\u00eda, o bien que re\u00fanen las condiciones descritas para ser clasificadas como mantenidas para la venta. Los resultados despu\u00e9s de impuestos de las operaciones discontinuadas se presentan en una \u00fanica l\u00ednea del Estado  de  Resultado  consolidado  denominada  \u201cResultado  del  ejercicio  procedente  de  operaciones interrumpidas neto de impuestos\u201d . ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDiscontinuedOperationsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-18": {
   "value": "3.18<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Beneficio por acci\u00f3n </span></span>El <span class=\"__1 _4\"></span>beneficio <span class=\"__1 _4\"></span>b\u00e1sico <span class=\"__1 _4\"></span>por <span class=\"__1 _8\"></span>acci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>calcula <span class=\"__1 _4\"></span>como <span class=\"__1 _8\"></span>el <span class=\"__1 _4\"></span>cocie<span class=\"ff6\">nte<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>entre <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>\u201cBeneficio <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>ejercicio <span class=\"__1 _4\"></span>atribuible <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>la </span>Sociedad <span class=\"__1 _4\"></span>Dominante\u201d <span class=\"__1 _8\"></span>y <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>n<span class=\"__1 _6\"></span>\u00famero <span class=\"__1 _8\"></span>m<span class=\"__1 _6\"></span>edio <span class=\"__1 _4\"></span>ponderado <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>accion<span class=\"__1 _6\"></span>es <span class=\"__1 _4\"></span>ordinarias <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>circulaci\u00f3n <span class=\"__1 _4\"></span>durante <span class=\"__1 _4\"></span>dicho per\u00edodo, <span class=\"__1 _c6\"> </span>s<span class=\"__1 _6\"></span>in <span class=\"__1 _c6\"> </span>incluir <span class=\"__1 _ca\"> </span>el <span class=\"__1 _c6\"> </span>n\u00famero <span class=\"__1 _c6\"> </span>medio  de <span class=\"__1 _c8\"> </span>acciones  propias <span class=\"__1 _c8\"> </span>de  la<span class=\"__1 _70\"></span>  Sociedad <span class=\"__1 _c6\"> </span>Dominante <span class=\"__1 _c6\"> </span>en  cartera <span class=\"__1 _c8\"> </span>de  la<span class=\"__1 _5\"></span>s so<span class=\"ls0_1\">ciedades del Grupo.<span class=\"__1 _1bc\"> </span></span>Por <span class=\"__1 _4\"></span>su <span class=\"__1 _4\"></span>parte, <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>beneficio <span class=\"__1 _4\"></span>diluido <span class=\"__1 _4\"></span>por <span class=\"__1 _4\"></span>acci\u00f3n <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>calcula <span class=\"__1 _4\"></span>como <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>cociente <span class=\"__1 _4\"></span>entre <span class=\"__1 _4\"></span>el <span class=\"__1 _c8\"> </span><span class=\"ff6\">\u201cBeneficio <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>ejercicio<span class=\"__1 _6\"></span> </span>atribuible <span class=\"__1 _4\"></span>a <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>Sociedad <span class=\"__1 _4\"></span>Dominante\u201d <span class=\"__1 _4\"></span><span class=\"ff4\">y <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>n\u00famero <span class=\"__1 _4\"></span>medio <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>onderado<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>accion<span class=\"__1 _6\"></span>es <span class=\"__1 _4\"></span>ordinarias <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>circulaci\u00f3n </span>durante el periodo, ajustado por el <span class=\"__1 _5\"></span>promedio ponderado de <span class=\"__1 _5\"></span>las acciones ordinarias que se<span class=\"__1 _5\"></span>r\u00edan emitidas si <span class=\"__1 _5\"></span>se convirtieran <span class=\"__1 _c6\"> </span>todas<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>las <span class=\"__1 _c6\"> </span>acciones <span class=\"__1 _c6\"> </span>potenciales <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c6\"> </span>acciones <span class=\"__1 _c6\"> </span>ord<span class=\"__1 _6\"></span>inarias. <span class=\"__1 _c6\"> </span>A <span class=\"__1 _c6\"> </span>estos <span class=\"__1 _c6\"> </span>efectos <span class=\"__1 _c6\"> </span>se <span class=\"__1 _c6\"> </span>cons<span class=\"__1 _6\"></span>idera <span class=\"__1 _c6\"> </span>que <span class=\"__1 _c6\"> </span>la conversi\u00f3n tiene lugar al comienzo del <span class=\"__1 _5\"></span>periodo o en el <span class=\"__1 _5\"></span>momento de la emisi\u00f3n de las<span class=\"__1 _5\"></span> acciones potenciales si estas se hu<span class=\"__1 _6\"></span>biesen puesto en circulaci\u00f3n<span class=\"__1 _6\"></span> durante el prop<span class=\"__1 _6\"></span>io periodo.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEarningsPerShareExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-600": {
   "value": "3.19 Transacciones con partes vinculadas El Grupo realiza todas sus operaciones con partes vinculadas a valores de mercado.  ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTransactionsWithRelatedPartiesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-17": {
   "value": "3.20  Saldos y transacciones en moneda diferente al euro Las cuentas anuales consolidadas se presentan en euros, que es la moneda funcional y de presentaci\u00f3n de la Sociedad Dominante. La conversi\u00f3n a euros de los cr\u00e9ditos y d\u00e9bitos expresados en moneda diferente del euro se realiza aplicando el tipo de cambio vigente en el momento de efectuar la correspondiente operaci\u00f3n, ajust\u00e1ndose dicho valor en  cada  cierre  y  hasta  su  cancelaci\u00f3n  en  funci\u00f3n  de  la  evoluci\u00f3n  del  tipo  de  cambio.  Los  activos  no monetarios denominados en moneda extranjera, poco significativos en ENCE, se convierten aplicando el tipo de cambio aplicable en la fecha en la que el activo se incorpor\u00f3 al Grupo. Las diferencias de cambio que resultan del cobro o pago de cr\u00e9ditos o deudas en moneda diferente del euro y las que resultan de valorar las cuentas a cobrar y pagar en moneda diferente del euro en cada fecha de cierre, de acuerdo con el tipo de cambio vigente en ese momento, se imputan a resultados como un gasto financiero en el periodo en que se producen. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-611": {
   "value": "3.21 Informaci\u00f3n financiera por segmentos Un segmento de explotaci\u00f3n es un componente del Grupo que desarrolla actividades de negocio de las que puede obtener ingresos ordinarios e incurrir en gastos, cuyos resultados de explotaci\u00f3n son revisados de forma regular por el Consejo de Administraci\u00f3n y la alta Direcci\u00f3n, para decidir sobre los recursos que deben asignarse al segmento, evaluar su rendimiento y en relaci\u00f3n con el cual se dispone de informaci\u00f3n financiera diferenciada. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSegmentReportingExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-20": {
   "value": "3.22<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Estado de flujos de efectiv<span class=\"__1 _5\"></span>o  </span></span>En los estados de flujos de ef<span class=\"__1 _5\"></span>ectivo consolidados, preparados de acuerdo al m\u00e9todo indirecto, se utilizan las siguientes expresiones<span class=\"__1 _6\"></span> en los siguientes<span class=\"__1 _6\"></span> sentidos: 1.<span class=\"ls0_1\"> <span class=\"__1 _b5\"> </span>Flujos <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c8\"> </span>efectivo<span class=\"__1 _6\"></span>: <span class=\"__1 _c8\"> </span>entradas<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c6\"> </span>salidas<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"> </span>efectivo <span class=\"__1 _c8\"> </span>y<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>sus <span class=\"__1 _c6\"> </span>equivalentes<span class=\"__1 _6\"></span>, <span class=\"__1 _c8\"> </span>entendiend<span class=\"__1 _6\"></span>o <span class=\"__1 _c8\"> </span>por <span class=\"__1 _c6\"> </span>\u00e9stos<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>las </span>inversiones a co<span class=\"__1 _6\"></span>rto plazo (inferior a 3 meses) d<span class=\"__1 _6\"></span>e gran liquidez y b<span class=\"__1 _6\"></span>ajo riesgo de alteracion<span class=\"__1 _6\"></span>es en su valo<span class=\"__1 _6\"></span>r. <span class=\"__1 _6\"></span> 2.<span class=\"ls0_1\"> <span class=\"__1 _b5\"> </span>Actividades <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>explotaci\u00f3<span class=\"__1 _6\"></span>n: <span class=\"__1 _4\"></span>a<span class=\"__1 _5\"></span>ctividades <span class=\"__1 _4\"></span>t\u00edpicas <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>las <span class=\"__1 _4\"></span>entidades <span class=\"__1 _4\"></span>que <span class=\"__1 _8\"></span>forman <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>Grupo, <span class=\"__1 _4\"></span>as\u00ed <span class=\"__1 _8\"></span>como <span class=\"__1 _4\"></span>otras </span>actividades q<span class=\"__1 _6\"></span>ue no pueden ser calificadas co<span class=\"__1 _6\"></span>mo de inversi\u00f3<span class=\"__1 _6\"></span>n o de financiaci\u00f3n<span class=\"__1 _6\"></span>.<span class=\"__1 _6\"></span> 3.<span class=\"ls0_1\"> <span class=\"__1 _b5\"> </span>Actividades <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>inv<span class=\"__1 _6\"></span>ersi\u00f3n: <span class=\"__1 _4\"></span>las <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>adq<span class=\"__1 _6\"></span>uisici\u00f3n, <span class=\"__1 _4\"></span>enajenaci\u00f3n <span class=\"__1 _8\"></span>o <span class=\"__1 _4\"></span>disposici\u00f3n <span class=\"__1 _4\"></span>por <span class=\"__1 _8\"></span>otros <span class=\"__1 _4\"></span>medios <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>activos <span class=\"__1 _4\"></span>a </span>largo plazo y o<span class=\"__1 _6\"></span>tras inversiones no in<span class=\"__1 _6\"></span>cluidas en el efectivo y s<span class=\"__1 _6\"></span>us equiv<span class=\"__1 _6\"></span>alentes. 4.<span class=\"ls0_1\"> <span class=\"__1 _b5\"> </span>Actividades <span class=\"__1 _cb\"> </span>de <span class=\"__1 _cb\"> </span>financiaci\u00f3n: <span class=\"__1 _cb\"> </span>actividades <span class=\"__1 _cb\"> </span>que <span class=\"__1 _cb\"> </span>producen <span class=\"__1 _cb\"> </span>cambios <span class=\"__1 _cb\"> </span>en <span class=\"__1 _cb\"> </span>el <span class=\"__1 _cb\"> </span>tama\u00f1o <span class=\"__1 _cb\"> </span>y <span class=\"__1 _cb\"> </span>co<span class=\"__1 _5\"></span>mposici\u00f3n <span class=\"__1 _cb\"> </span>del </span>patrimonio neto y d<span class=\"__1 _6\"></span>e los pasivos qu<span class=\"__1 _6\"></span>e no forman parte de las activ<span class=\"__1 _6\"></span>idades de explotaci\u00f3<span class=\"__1 _6\"></span>n<span class=\"__1 _1bc\"> </span>.<span class=\"__1 _1bc\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForCashFlowsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-19": {
   "value": "3.23 Actividades con impacto en el Medio Ambiente Se consideran actividades medioambientales aquellas operaciones desarrolladas por ENCE cuyo prop\u00f3sito principal es el de proteger, reducir o reparar un da\u00f1o, que como resultado de sus actividades se pueda producir sobre el medio ambiente. Los gastos derivados de las actividades medioambientales se reconocen como \u201cOtros gastos de explotaci\u00f3n\u201d en el ejercicio en el que se incurren. Los elementos del inmovilizado material adquiridos con el objeto de ser utilizados de forma duradera en su actividad y cuya finalidad principal es la minimizaci\u00f3n del impacto medioambiental y la protecci\u00f3n y mejora del medio ambiente, incluyendo la reducci\u00f3n o eliminaci\u00f3n de la contaminaci\u00f3n futura de las operaciones del Grupo, se reconocen  como  activos mediante la  aplicaci\u00f3n  de criterios de valoraci\u00f3n, presentaci\u00f3n y desglose consistentes con los que se mencionan en los apartados 3.2 y 3.3 de esta misma Nota. Las  provisiones  relativas  a  responsabilidades  probables  o  ciertas,  litigios  en  curso  e  indemnizaciones  u obligaciones  pendientes  de  cuant\u00eda  indeterminada  de  naturaleza  medioambiental,  no  cubiertas  por  las p\u00f3lizas de seguros suscritas, se constituyen en el momento del nacimiento de la responsabilidad o de la obligaci\u00f3n que determina la  indemnizaci\u00f3n  o  pago.  No  hay  provisiones relevantes constituidas  por  este concepto al cierre de 2023 y 2022.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEnvironmentRelatedExpenseExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-511": {
   "value": "4.<span class=\"ff5 ls0_1\"> <span class=\"__1 _c1\"> </span><span class=\"ff3_1\">Esti<span class=\"__1 _6\"></span>maciones y juicios co<span class=\"__1 _5\"></span>ntables </span></span>La <span class=\"__1 _4\"></span>preparaci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>estas <span class=\"__1 _8\"></span>cu<span class=\"__1 _6\"></span>entas <span class=\"__1 _8\"></span>anuales<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>conso<span class=\"__1 _6\"></span>lidadas <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>acuerdo <span class=\"__1 _4\"></span>con <span class=\"__1 _8\"></span>principio<span class=\"__1 _6\"></span>s <span class=\"__1 _8\"></span>contables <span class=\"__1 _4\"></span>generalmente aceptados <span class=\"__1 _c8\"></span>requiere <span class=\"__1 _4\"></span>llevar <span class=\"__1 _c8\"></span>a <span class=\"__1 _4\"></span>cabo <span class=\"__1 _c8\"></span>asunciones <span class=\"__1 _c8\"></span>y <span class=\"__1 _4\"></span>estimaciones <span class=\"__1 _4\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _4\"></span>afectan <span class=\"__1 _c8\"></span>a <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>valoraci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>de <span class=\"__1 _c8\"></span>los <span class=\"__1 _4\"></span>activos <span class=\"__1 _4\"></span>y pasivos <span class=\"__1 _4\"></span>registrados, <span class=\"__1 _4\"></span>a <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>presentaci\u00f3n <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>activ<span class=\"__1 _6\"></span>os <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>pas<span class=\"__1 _6\"></span>ivos <span class=\"__1 _4\"></span>contingentes, <span class=\"__1 _8\"></span>as<span class=\"__1 _6\"></span>\u00ed <span class=\"__1 _4\"></span>como <span class=\"__1 _8\"></span>a <span class=\"__1 _4\"></span>los <span class=\"__1 _8\"></span>ingresos<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>gastos reconocidos <span class=\"__1 _c9\"> </span>a <span class=\"__1 _c9\"> </span>lo <span class=\"__1 _c9\"> </span>largo <span class=\"__1 _cb\"> </span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _c9\"> </span>ejercicio. <span class=\"__1 _c9\"> </span>Los <span class=\"__1 _c9\"> </span>resultados <span class=\"__1 _c9\"> </span>actuales <span class=\"__1 _c9\"> </span>po<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>r\u00edan <span class=\"__1 _c9\"> </span>diferir <span class=\"__1 _cb\"> </span>de <span class=\"__1 _c9\"> </span>ma<span class=\"__1 _6\"></span>nera <span class=\"__1 _c9\"> </span>significativa dependiendo de las<span class=\"__1 _6\"></span> estimaciones realizad<span class=\"__1 _6\"></span>as.  Las <span class=\"__1 _6\"></span>asunciones <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>estimaciones <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>e han <span class=\"__1 _6\"></span>adoptad<span class=\"__1 _6\"></span>o cons<span class=\"__1 _6\"></span>iderando <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>experiencia h<span class=\"__1 _6\"></span>ist\u00f3rica, <span class=\"__1 _6\"></span>el as<span class=\"__1 _6\"></span>esoramiento <span class=\"__1 _6\"></span>de expertos <span class=\"__1 _6\"></span>independientes, <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>revisiones <span class=\"__1 _6\"></span>y<span class=\"__1 _6\"></span> o<span class=\"__1 _6\"></span>tras <span class=\"__1 _6\"></span>circun<span class=\"__1 _6\"></span>stancias y<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>expectativas <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>cierre <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>ejercicios<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>2023 <span class=\"__1 _6\"></span><span class=\"ls16\">y </span>202<span class=\"ls0_1\">2 sobre los hechos analizados. No obstante, es <span class=\"__1 _5\"></span>posible que acontecimientos que puedan tener <span class=\"__1 _70\"></span>lu<span class=\"__1 _6\"></span>gar con </span>posterioridad <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>formula<span class=\"__1 _6\"></span>ci\u00f3n <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e esta<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>informaci\u00f3n <span class=\"__1 _8\"></span>financiera <span class=\"__1 _6\"></span>obliguen <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>modif<span class=\"__1 _6\"></span>icarla <span class=\"__1 _6\"></span>(<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>l <span class=\"__1 _6\"></span>alza <span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span> a <span class=\"__1 _8\"></span>la baj<span class=\"__1 _6\"></span>a), <span class=\"__1 _6\"></span>lo que se har\u00eda, en s<span class=\"__1 _6\"></span>u caso, de forma prospectiv<span class=\"__1 _6\"></span>a.<span class=\"ff3_1\"> </span><div class=\"c_1 w2_1 h58 gs8e\"><div class=\"t_1 m0_1 x69 h8_1 y1ef ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Las pol\u00edticas <span class=\"__1 _5\"></span>contables y <span class=\"__1 _70\"></span>op<span class=\"__1 _6\"></span>eraciones <span class=\"__1 _5\"></span>que incorporan <span class=\"__1 _5\"></span>asunciones y e<span class=\"__1 _5\"></span>stimaciones con <span class=\"__1 _5\"></span>un <span class=\"__1 _5\"></span>impacto significativo </div><div class=\"t_1 m0_1 x69 h8_1 y1f0 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">en estas cuentas<span class=\"__1 _6\"></span> anuales consolidadas<span class=\"__1 _6\"></span> son las siguientes:<span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x69 h9_1 y1f1 ff3_1 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Control sobr<span class=\"__1 _6\"></span>e MAGNON </div><div class=\"t_1 m0_1 x69 h8_1 y1f2 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Con fecha <span class=\"__1 _6\"></span>20 de <span class=\"__1 _6\"></span>diciembre de<span class=\"__1 _6\"></span> 2020, <span class=\"__1 _6\"></span>Ence En<span class=\"__1 _6\"></span>erg\u00eda y <span class=\"__1 _6\"></span>Celulosa, <span class=\"__1 _6\"></span>S.A. llev\u00f3 <span class=\"__1 _6\"></span>a cabo<span class=\"__1 _6\"></span> la <span class=\"__1 _6\"></span>venta de una <span class=\"__1 _4\"></span>participaci\u00f3n </div><div class=\"t_1 m0_1 x69 h8_1 y1f3 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">minoritaria del 49% de la filial<span class=\"__1 _6\"></span> Magnon Green En<span class=\"__1 _6\"></span>ergy, S.L., holding d<span class=\"__1 _6\"></span>el Negocio Energ\u00eda de E<span class=\"__1 _6\"></span>NCE.<span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x69 h8_1 y4d3 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ENCE, a <span class=\"__1 _70\"></span>tra<span class=\"__1 _6\"></span>v\u00e9s de <span class=\"__1 _70\"></span>ENCE Renovables, ejerce <span class=\"__1 _70\"></span>contro<span class=\"__1 _6\"></span>l sobre <span class=\"__1 _70\"></span>Magnon Green <span class=\"__1 _5\"></span>Energy, S.L. <span class=\"__1 _5\"></span>y <span class=\"__1 _5\"></span>sus f<span class=\"__1 _5\"></span>iliales de <span class=\"__1 _70\"></span>acuerdo<span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x69 h8_1 y3ea ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">a <span class=\"__1 _4\"></span>lo <span class=\"__1 _8\"></span>establecido <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>\u201cNIIF <span class=\"__1 _4\"></span>10 <span class=\"__1 _8\"></span>Estados <span class=\"__1 _4\"></span>Financieros <span class=\"__1 _8\"></span>Con<span class=\"__1 _6\"></span>solidados\u201d <span class=\"__1 _4\"></span>al <span class=\"__1 _8\"></span>tener <span class=\"__1 _4\"></span>poder <span class=\"__1 _8\"></span>para <span class=\"__1 _4\"></span>dirigir <span class=\"__1 _8\"></span>sus <span class=\"__1 _4\"></span>actividades </div><div class=\"t_1 m0_1 x69 h8_1 y3eb ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">relevantes, e<span class=\"__1 _5\"></span>star e<span class=\"__1 _5\"></span>xpuesto a <span class=\"__1 _70\"></span>rendimientos variables <span class=\"__1 _70\"></span>como consecuencia <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>u <span class=\"__1 _5\"></span>participaci\u00f3<span class=\"__1 _6\"></span>n en <span class=\"__1 _70\"></span>la participada </div><div class=\"t_1 m0_1 x69 h8_1 y45d ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">y tener la capacidad<span class=\"__1 _6\"></span> de ejercer dicho po<span class=\"__1 _6\"></span>der para influir en sus p<span class=\"__1 _6\"></span>ropios rendimientos.<span class=\"__1 _8\"></span> </div><div class=\"t_1 m0_1 x69 h8_1 y4d4 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">En la evaluaci\u00f3<span class=\"__1 _6\"></span>n de la existencia de control, s<span class=\"__1 _6\"></span>e han cons<span class=\"__1 _6\"></span>iderado los siguientes factores: <span class=\"__1 _8\"></span> </div><div class=\"t_1 m0_1 x69 h8_1 y1f9 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Mayor\u00eda accion<span class=\"__1 _6\"></span>arial, q<span class=\"__1 _6\"></span>ue otorga, con<span class=\"__1 _6\"></span> car\u00e1cter <span class=\"__1 _6\"></span>general, mayor\u00eda <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>las decision<span class=\"__1 _6\"></span>es sustantivas <span class=\"__1 _6\"></span>del Con<span class=\"__1 _6\"></span>sejo de </div><div class=\"t_1 m0_1 x69 h8_1 y4d5 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Administraci\u00f3n  y<span class=\"__1 _6\"></span>  la  Junta  General  de  Accionistas<span class=\"__1 _6\"></span>,  entre  e<span class=\"__1 _6\"></span>llas,  el  n<span class=\"__1 _6\"></span>ombramiento  de  la  mayo<span class=\"__1 _6\"></span>r\u00eda  de  los </div><div class=\"t_1 m0_1 x69 h8_1 y4d6 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">miembros del Cons<span class=\"__1 _6\"></span>ejo de Administraci\u00f3n. <span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x69 h8_1 y4d7 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Se ha suscrito un <span class=\"__1 _5\"></span>pacto de accionistas entre <span class=\"__1 _5\"></span>ENCE y el <span class=\"__1 _5\"></span>minoritario que tiene por objeto <span class=\"__1 _5\"></span>otorgar a e<span class=\"__1 _5\"></span>ste \u00faltimo </div><div class=\"t_1 m0_1 x69 h8_1 y4d8 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">una s<span class=\"__1 _6\"></span>erie de d<span class=\"__1 _6\"></span>erechos <span class=\"__1 _6\"></span>protectivos<span class=\"__1 _6\"></span>, m\u00ednimos <span class=\"__1 _6\"></span>y h<span class=\"__1 _6\"></span>abituales <span class=\"__1 _6\"></span>en est<span class=\"__1 _8\"></span>e tipo <span class=\"__1 _6\"></span>de tran<span class=\"__1 _6\"></span>sacciones, <span class=\"__1 _6\"></span>dirigidos<span class=\"__1 _6\"></span> a <span class=\"__1 _6\"></span>proteger </div><div class=\"t_1 m0_1 x69 h8_1 y4d9 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">su <span class=\"__1 _c8\"></span>participaci\u00f3n <span class=\"__1 _c8\"> </span>del <span class=\"__1 _c8\"></span>49% <span class=\"__1 _4\"></span>(<span class=\"__1 _6\"></span>el <span class=\"__1 _c8\"></span>minoritario <span class=\"__1 _c8\"></span>no <span class=\"__1 _c8\"></span>mantiene <span class=\"__1 _c8\"></span>derechos <span class=\"__1 _c8\"> </span>sus<span class=\"__1 _6\"></span>tantivos). <span class=\"__1 _c8\"></span>En <span class=\"__1 _c8\"> </span>este <span class=\"__1 _c8\"></span>sentido, <span class=\"__1 _c8\"></span>1) <span class=\"__1 _c6\"> </span>Plan <span class=\"__1 _c8\"> </span>de<span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x69 h8_1 y4da ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">negocio  y <span class=\"__1 _c6\"> </span>p<span class=\"__1 _6\"></span>resupuesto  anual:  el <span class=\"__1 _c6\"> </span>mino<span class=\"__1 _6\"></span>ritario  ha <span class=\"__1 _ca\"> </span>aceptado  el <span class=\"__1 _ca\"> </span>plan  de <span class=\"__1 _ca\"> </span>negocio  de  ENCE  que <span class=\"__1 _c6\"> </span>con<span class=\"__1 _6\"></span>templa </div><div class=\"t_1 m0_1 x69 h8_1 y4db ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">presupues<span class=\"__1 _6\"></span>tos <span class=\"__1 _8\"></span>anuales <span class=\"__1 _4\"></span>hasta <span class=\"__1 _8\"></span>2080, <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>ten<span class=\"__1 _6\"></span>dr\u00e1 <span class=\"__1 _8\"></span>derecho <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>veto <span class=\"__1 _8\"></span>si <span class=\"__1 _4\"></span>se <span class=\"__1 _8\"></span>plantean <span class=\"__1 _4\"></span>modificaciones <span class=\"__1 _8\"></span>al <span class=\"__1 _8\"></span>presup<span class=\"__1 _6\"></span>uesto </div><div class=\"t_1 m0_1 x69 h8_1 y488 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">anual en al menos un 15% <span class=\"__1 _5\"></span>en los elem<span class=\"__1 _5\"></span>entos considerados<span class=\"__1 _6\"></span> esenciales del presupuesto, 2)<span class=\"__1 _6\"></span> Nombramiento del </div><div class=\"t_1 m0_1 x69 h8_1 y4dc ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">equipo <span class=\"__1 _4\"></span>directivo: <span class=\"__1 _4\"></span>ENCE <span class=\"__1 _c8\"></span>nombra <span class=\"__1 _4\"></span>al <span class=\"__1 _4\"></span>primer <span class=\"__1 _4\"></span>ejecutivo, <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>min<span class=\"__1 _6\"></span>oritario <span class=\"__1 _4\"></span>no<span class=\"__1 _6\"></span>mbra <span class=\"__1 _4\"></span>al <span class=\"__1 _4\"></span>director <span class=\"__1 _4\"></span>financiero, <span class=\"__1 _4\"></span>cuyas </div><div class=\"t_1 m0_1 x69 h8_1 y4dd ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">responsabilid<span class=\"__1 _6\"></span>ades <span class=\"__1 _4\"></span>est\u00e1n <span class=\"__1 _8\"></span>vinculadas<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>al <span class=\"__1 _8\"></span>desarrollo <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>Plan<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>Negocio <span class=\"__1 _4\"></span>indicado <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _4\"></span>apartado <span class=\"__1 _4\"></span>anterior, <span class=\"__1 _4\"></span>3) </div><div class=\"t_1 m0_1 x69 h8_1 y4de ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Contratos <span class=\"__1 _5\"></span>relevantes <span class=\"__1 _70\"></span>(v<span class=\"__1 _6\"></span>inculados a <span class=\"__1 _70\"></span>la <span class=\"__1 _70\"></span>inversi\u00f3n, <span class=\"__1 _5\"></span>suministro <span class=\"__1 _70\"></span>y <span class=\"__1 _5\"></span>la <span class=\"__1 _70\"></span>operaci\u00f3n de <span class=\"__1 _70\"></span>las <span class=\"__1 _70\"></span>plantas): <span class=\"__1 _5\"></span>el <span class=\"__1 _70\"></span>minoritar<span class=\"__1 _6\"></span>io podr\u00e1 </div><div class=\"t_1 m0_1 x69 h8_1 y4df ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">oponerse <span class=\"__1 _c6\"> </span>s\u00f3lo <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>eterminadas <span class=\"__1 _c6\"> </span>situaciones <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c6\"> </span>las <span class=\"__1 _c6\"> </span>qu<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"> </span>dicha <span class=\"__1 _c6\"> </span>con<span class=\"__1 _6\"></span>trataci\u00f3n <span class=\"__1 _c6\"> </span>pueda <span class=\"__1 _c6\"> </span>prov<span class=\"__1 _6\"></span>ocar <span class=\"__1 _c6\"> </span>un <span class=\"__1 _c6\"> </span>perjuicio </div><div class=\"t_1 m0_1 x69 h8_1 y1b8 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">material <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>ara <span class=\"__1 _4\"></span>los <span class=\"__1 _8\"></span>interes<span class=\"__1 _6\"></span>es <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>negocio <span class=\"__1 _4\"></span>(derecho <span class=\"__1 _4\"></span>protectivo), <span class=\"__1 _4\"></span>4) <span class=\"__1 _8\"></span>Decisiones<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>in<span class=\"__1 _6\"></span>versi\u00f3n <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>financiaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>no </div><div class=\"t_1 m0_1 x69 h8_1 y4e0 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">contempladas <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c8\"></span>el <span class=\"__1 _4\"></span>Plan<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>negocio <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>EN<span class=\"__1 _6\"></span>CE <span class=\"__1 _c8\"> </span>aceptado <span class=\"__1 _c8\"> </span>por <span class=\"__1 _c8\"></span>el <span class=\"__1 _4\"></span>minoritario: <span class=\"__1 _c8\"> </span>requier<span class=\"__1 _6\"></span>en <span class=\"__1 _4\"></span>may<span class=\"__1 _6\"></span>or\u00eda <span class=\"__1 _c8\"></span>reforzada </div><div class=\"t_1 m0_1 x69 h8_1 y44a ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">decisiones por encima de <span class=\"__1 _6\"></span>20 millones \u20ac, 5) <span class=\"__1 _6\"></span>En todo a<span class=\"__1 _6\"></span>quello no recogido<span class=\"__1 _6\"></span> en el pacto, se s<span class=\"__1 _6\"></span>eguir\u00e1n las<span class=\"__1 _6\"></span> pol\u00edticas </div><div class=\"t_1 m0_1 x69 h8_1 y4e1 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de ENCE, y 6) <span class=\"__1 _5\"></span>la gesti\u00f3n del <span class=\"__1 _5\"></span>Negocio Energ\u00eda es dependiente de <span class=\"__1 _5\"></span>ENCE por su e<span class=\"__1 _5\"></span>xperiencia<span class=\"__1 _6\"></span> t\u00e9cnica y de gesti\u00f3n </div><div class=\"t_1 m0_1 x69 h8_1 y4e2 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">del negocio (ya que el m<span class=\"__1 _6\"></span>inoritario no tiene dicha<span class=\"__1 _6\"></span> experiencia).<span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x69 h9_1 y4e3 ff3_1 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Contrapre<span class=\"__1 _6\"></span>staciones contingentes<span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x69 h8_1 y4e4 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Las <span class=\"__1 _8\"></span>contrap<span class=\"__1 _6\"></span>restaciones <span class=\"__1 _8\"></span>contingentes <span class=\"__1 _8\"></span>cons<span class=\"__1 _6\"></span>ideradas <span class=\"__1 _8\"></span>entre <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>partes<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>derivadas <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>ventas <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>participaciones<span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x69 h8_1 y4e5 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">en sociedades depend<span class=\"__1 _6\"></span>ientes sin p\u00e9<span class=\"__1 _6\"></span>rdida d<span class=\"__1 _6\"></span>e control se valoran en to<span class=\"__1 _6\"></span>do momento a su<span class=\"__1 _6\"></span> valor razonable. <span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x69 h8_1 y4e6 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El Grupo <span class=\"__1 _5\"></span>ha estimado <span class=\"__1 _5\"></span>el valor razonable <span class=\"__1 _5\"></span>considerando los flujos <span class=\"__1 _5\"></span>de caja <span class=\"__1 _5\"></span>previstos en <span class=\"__1 _5\"></span>los distintos escenarios,<span class=\"__1 _5\"></span> </div><div class=\"t_1 m0_1 x69 h8_1 y4e7 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">que <span class=\"__1 _c8\"></span>ha <span class=\"__1 _c8\"></span>ponderado <span class=\"__1 _c8\"></span>por <span class=\"__1 _4\"></span>las <span class=\"__1 _c8\"></span>probabilidades <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"></span>ocurrencia <span class=\"__1 _c8\"></span>estimada <span class=\"__1 _4\"></span>de <span class=\"__1 _c8\"> </span>cada  u<span class=\"__1 _5\"></span>no. <span class=\"__1 _c8\"></span>Dichos <span class=\"__1 _4\"></span>flujo<span class=\"__1 _6\"></span>s <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>caj<span class=\"__1 _6\"></span>a <span class=\"__1 _4\"></span>se </div><div class=\"t_1 m0_1 x69 h8_1 y2ce ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">estiman <span class=\"__1 _cd\"> </span>con<span class=\"__1 _6\"></span>siderando <span class=\"__1 _ce\"> </span>como <span class=\"__1 _ce\"> </span>principales <span class=\"__1 _ce\"> </span>asuncion<span class=\"__1 _6\"></span>es; <span class=\"__1 _cd\"> </span>la <span class=\"__1 _ce\"> </span>probab<span class=\"__1 _6\"></span>ilidad <span class=\"__1 _cd\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _cd\"> </span>lograr <span class=\"__1 _ce\"> </span>cada <span class=\"__1 _ce\"> </span>objetivo <span class=\"__1 _ce\"> </span>de <span class=\"__1 _cd\"> </span>la </div><div class=\"t_1 m0_1 x69 h8_1 y4e8 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">contraprestaci\u00f3n<span class=\"__1 _6\"></span>  contingente,  la <span class=\"__1 _cb\"> </span>re<span class=\"__1 _5\"></span>ntabilidad <span class=\"__1 _cb\"> </span>prevista  por  los  proyectos  d<span class=\"__1 _6\"></span>e  generaci\u00f3n  en  las  futu<span class=\"__1 _6\"></span>ras </div><div class=\"t_1 m0_1 x69 h8_1 y4e9 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">subastas <span class=\"__1 _6\"></span>y que <span class=\"__1 _6\"></span>se s<span class=\"__1 _6\"></span>it\u00faan en <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>entorno <span class=\"__1 _6\"></span>del 10%-12<span class=\"__1 _6\"></span>%, los<span class=\"__1 _6\"></span> plazos<span class=\"__1 _6\"></span> de <span class=\"__1 _6\"></span>consecuci\u00f3n <span class=\"__1 _6\"></span>que s<span class=\"__1 _6\"></span>e estima en <span class=\"__1 _6\"></span>el period<span class=\"__1 _6\"></span>o </div><div class=\"t_1 m0_1 x69 h8_1 y4ea ff4 fs4 fc0_1 sc0_1 ls12 ws0_1\">2024<span class=\"ls0_1\">-2026 <span class=\"__1 _c6\"> </span>y <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c6\"> </span>tasa <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>descuento<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>qu<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"> </span>coincide <span class=\"__1 _c6\"> </span>con <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c6\"> </span>rentabilidad<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>razon<span class=\"__1 _6\"></span>able <span class=\"__1 _c8\"> </span>previs<span class=\"__1 _6\"></span>ta <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c6\"> </span>regulaci\u00f3n </span></div><div class=\"t_1 m0_1 x69 h8_1 y46e ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">el\u00e9ctrica <span class=\"__1 _ce\"> </span>vigente<span class=\"ls17\">. <span class=\"__1 _cf\"> </span></span>Cambios <span class=\"__1 _ce\"> </span>en <span class=\"__1 _cf\"> </span>las <span class=\"__1 _ce\"> </span>asuncion<span class=\"__1 _6\"></span>es <span class=\"__1 _ce\"> </span>podr\u00e1n <span class=\"__1 _ce\"> </span>tener <span class=\"__1 _cf\"> </span>un <span class=\"__1 _ce\"> </span>impacto <span class=\"__1 _cf\"> </span>en <span class=\"__1 _ce\"> </span>las <span class=\"__1 _cc\"> </span>contraprestaciones </div><div class=\"t_1 m0_1 x69 h8_1 y46f ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">contingentes <span class=\"__1 _6\"></span>reconocidas<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>en los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>estados <span class=\"__1 _6\"></span>financieros.<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>En <span class=\"__1 _6\"></span>este <span class=\"__1 _6\"></span>sentido, <span class=\"__1 _6\"></span>si <span class=\"__1 _6\"></span>no <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>alcanzaran <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>rentabilidades </div><div class=\"t_1 m0_1 x69 h8_1 y470 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">m\u00ednimas previstas en <span class=\"__1 _70\"></span>las<span class=\"__1 _6\"></span> f<span class=\"__1 _5\"></span>uturas subastas o <span class=\"__1 _5\"></span>bien el <span class=\"__1 _70\"></span>Grupo no resultara <span class=\"__1 _5\"></span>adjudicata<span class=\"__1 _6\"></span>rio, el <span class=\"__1 _70\"></span>activo reconocido no </div><div class=\"t_1 m0_1 x69 h8_1 y4eb ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ser\u00eda, <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>su <span class=\"__1 _6\"></span>mayor<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>parte <span class=\"__1 _6\"></span>recup<span class=\"__1 _6\"></span>erable. Lo<span class=\"__1 _6\"></span>s <span class=\"__1 _6\"></span>cambios<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>en las<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>asu<span class=\"__1 _6\"></span>nciones <span class=\"__1 _6\"></span>considerad<span class=\"__1 _6\"></span>as <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>terminaci\u00f3n <span class=\"__1 _6\"></span>de<span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x69 h8_1 y472 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">la <span class=\"__1 _6\"></span>contrap<span class=\"__1 _6\"></span>restaci\u00f3n <span class=\"__1 _8\"></span>se <span class=\"__1 _6\"></span>reconocer\u00e1n<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>como <span class=\"__1 _8\"></span>un <span class=\"__1 _6\"></span>ingreso <span class=\"__1 _8\"></span>o <span class=\"__1 _6\"></span>gast<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>financiero, <span class=\"__1 _8\"></span>seg\u00fan <span class=\"__1 _6\"></span>corr<span class=\"__1 _6\"></span>esponda,<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>del Es<span class=\"__1 _6\"></span>tado <span class=\"__1 _6\"></span>de </div><div class=\"t_1 m0_1 x69 h8_1 y4ec ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Resultado cons<span class=\"__1 _6\"></span>olidado <span class=\"__1 _6\"></span>(v\u00e9ase Nota <span class=\"ls12\">13</span>). </div></div><div class=\"c_1 w2_1 h58 gs90\"><div class=\"t_1 m0_1 x69 h8_1 y1ef ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x69 h9_1 y4ed ff3_1 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Vidas \u00fatiles de activos m<span class=\"__1 _6\"></span>ateriales e intangib<span class=\"__1 _6\"></span>les y costes de desm<span class=\"__1 _6\"></span>antelamiento<span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x69 h8_1 y4ee ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Los  activos  tangibles  e  intangibles  propiedad  de  ENCE,  por  lo  general,  operan  durante  periodos  muy </div><div class=\"t_1 m0_1 x69 h8_1 y1f2 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">prolongados<span class=\"__1 _6\"></span> de tiempo. <span class=\"__1 _6\"></span>El Grup<span class=\"__1 _6\"></span>o estima <span class=\"__1 _6\"></span>su vida <span class=\"__1 _6\"></span>\u00fatil teniendo <span class=\"__1 _6\"></span>en cuenta <span class=\"__1 _6\"></span>las caracter\u00eds<span class=\"__1 _6\"></span>ticas t\u00e9cnicas<span class=\"__1 _6\"></span> de <span class=\"__1 _6\"></span>c<span class=\"__1 _8\"></span>ada </div><div class=\"t_1 m0_1 x69 h8_1 y1f3 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">activo y <span class=\"__1 _70\"></span>el <span class=\"__1 _5\"></span>periodo <span class=\"__1 _5\"></span>en <span class=\"__1 _5\"></span>que se <span class=\"__1 _70\"></span>esp<span class=\"__1 _6\"></span>era <span class=\"__1 _70\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _5\"></span>genere <span class=\"__1 _70\"></span>b<span class=\"__1 _6\"></span>eneficios, y <span class=\"__1 _70\"></span>la legislaci\u00f3n <span class=\"__1 _70\"></span>ap<span class=\"__1 _6\"></span>licable (v\u00e9anse <span class=\"__1 _70\"></span>N<span class=\"__1 _6\"></span>otas 3.2 <span class=\"__1 _70\"></span>y <span class=\"__1 _5\"></span>3.3).<span class=\"__1 _8\"></span> </div><div class=\"t_1 m0_1 x69 h8_1 y4d3 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Adicionalmente <span class=\"__1 _cf\"> </span>EN<span class=\"__1 _6\"></span>CE <span class=\"__1 _cf\"> </span>revisa<span class=\"__1 _6\"></span> <span class=\"__1 _cc\"> </span>peri\u00f3dicamente <span class=\"__1 _cf\"> </span>s<span class=\"__1 _6\"></span>i <span class=\"__1 _cf\"> </span>tendr\u00e1 <span class=\"__1 _cc\"> </span>que <span class=\"__1 _cc\"> </span>llevar <span class=\"__1 _cf\"> </span>a <span class=\"__1 _cc\"> </span>cabo <span class=\"__1 _cf\"> </span>el <span class=\"__1 _cc\"> </span>desmantelamiento <span class=\"__1 _cc\"> </span>y </div><div class=\"t_1 m0_1 x69 h8_1 y3ea ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">rehabilitaci\u00f3n de <span class=\"__1 _70\"></span>las instalaciones <span class=\"__1 _70\"></span>en las <span class=\"__1 _70\"></span>que desarrolla <span class=\"__1 _5\"></span>su ac<span class=\"__1 _70\"></span>tiv<span class=\"__1 _6\"></span>idad as\u00ed <span class=\"__1 _70\"></span>como, en <span class=\"__1 _70\"></span>su caso, <span class=\"__1 _70\"></span>los costes <span class=\"__1 _70\"></span>previstos </div><div class=\"t_1 m0_1 x69 h8_1 y3eb ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">en los que s<span class=\"__1 _6\"></span>e tendr\u00e1 que incurrir. <span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x69 h9_1 y4ef ff3_1 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Derechos de u<span class=\"__1 _6\"></span>so sobre activos  </div><div class=\"t_1 m0_1 x69 h8_1 y4f0 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">En <span class=\"__1 _cb\"> </span>la <span class=\"__1 _cb\"> </span>determinaci\u00f3n <span class=\"__1 _cb\"> </span>del <span class=\"__1 _cb\"> </span>p<span class=\"__1 _6\"></span>lazo <span class=\"__1 _cb\"> </span>de <span class=\"__1 _cb\"> </span>arrendamiento, <span class=\"__1 _c9\"> </span>ENCE <span class=\"__1 _cb\"> </span>considera <span class=\"__1 _cb\"> </span>todos <span class=\"__1 _cb\"> </span>los <span class=\"__1 _c9\"> </span>hechos <span class=\"__1 _cb\"> </span>y <span class=\"__1 _cb\"> </span>circunstancias </div><div class=\"t_1 m0_1 x69 h8_1 y4f1 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">relevantes <span class=\"__1 _cb\"> </span>que <span class=\"__1 _cb\"> </span>crean <span class=\"__1 _cb\"> </span>un <span class=\"__1 _cb\"> </span>incentivo <span class=\"__1 _cb\"> </span>econ\u00f3mico <span class=\"__1 _cb\"> </span>significati<span class=\"__1 _6\"></span>vo <span class=\"__1 _cb\"> </span>al <span class=\"__1 _cb\"> </span>arrendatario <span class=\"__1 _cb\"> </span>para <span class=\"__1 _cb\"> </span>ejercer <span class=\"__1 _cb\"> </span>la <span class=\"__1 _cb\"> </span>opci\u00f3n <span class=\"__1 _cb\"> </span>de </div><div class=\"t_1 m0_1 x69 h8_1 y1fa ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">renovaci\u00f3n o <span class=\"__1 _70\"></span>no <span class=\"__1 _5\"></span>ejercer <span class=\"__1 _70\"></span>la opci\u00f3n <span class=\"__1 _70\"></span>de cancelaci\u00f3n <span class=\"__1 _70\"></span>(v\u00e9as<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>N<span class=\"__1 _6\"></span>ota <span class=\"__1 _70\"></span>3.6). Las <span class=\"__1 _70\"></span>opciones de <span class=\"__1 _70\"></span>renovaci\u00f3n o <span class=\"__1 _70\"></span>terminaci\u00f3n </div><div class=\"t_1 m0_1 x69 h8_1 y4f2 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">solo se <span class=\"__1 _70\"></span>incluyen en <span class=\"__1 _70\"></span>la determ<span class=\"__1 _5\"></span>inaci\u00f3n del <span class=\"__1 _70\"></span>plazo de <span class=\"__1 _70\"></span>arrendami<span class=\"__1 _6\"></span>ento <span class=\"__1 _5\"></span>si e<span class=\"__1 _5\"></span>s <span class=\"__1 _5\"></span>raz<span class=\"__1 _6\"></span>onablemente cierto <span class=\"__1 _5\"></span>que <span class=\"__1 _5\"></span>el <span class=\"__1 _70\"></span>contra<span class=\"__1 _6\"></span>to </div><div class=\"t_1 m0_1 x69 h8_1 y266 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">va <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>extenderse <span class=\"__1 _6\"></span>o <span class=\"__1 _8\"></span>no <span class=\"__1 _6\"></span>va <span class=\"__1 _8\"></span>a <span class=\"__1 _6\"></span>can<span class=\"__1 _6\"></span>celarse. <span class=\"__1 _6\"></span>As<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>mismo <span class=\"__1 _6\"></span>se <span class=\"__1 _8\"></span>estima <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>tas<span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>incremental <span class=\"__1 _8\"></span>utilizada <span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>n <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>valoraci\u00f3n <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e </div><div class=\"t_1 m0_1 x69 h8_1 y267 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">los contratos<span class=\"__1 _6\"></span> de arrendamiento.<span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x69 h9_1 y4da ff3_1 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Valor recuper<span class=\"__1 _6\"></span>able de activos no financieros<span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x69 h8_1 y4f3 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ENCE <span class=\"__1 _cb\"> </span>realiza  anualmente  t<span class=\"__1 _6\"></span>est <span class=\"__1 _cb\"> </span>de  deteri<span class=\"__1 _6\"></span>oro  d<span class=\"__1 _6\"></span>e  aquel<span class=\"__1 _6\"></span>las  u<span class=\"__1 _6\"></span>nidades <span class=\"__1 _cb\"> </span>generadoras  de <span class=\"__1 _cb\"> </span>efectivo  que <span class=\"__1 _cb\"> </span>as\u00ed  lo </div><div class=\"t_1 m0_1 x69 h8_1 y4f4 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">requieren, <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>acu<span class=\"__1 _6\"></span>erdo <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>lo <span class=\"__1 _6\"></span>de<span class=\"__1 _6\"></span>scrito <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>Nota <span class=\"__1 _8\"></span>3.5. <span class=\"__1 _8\"></span>ENCE <span class=\"__1 _8\"></span>cons<span class=\"__1 _6\"></span>idera <span class=\"__1 _6\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>us <span class=\"__1 _8\"></span>estimaciones <span class=\"__1 _8\"></span>son <span class=\"__1 _8\"></span>adecuadas <span class=\"__1 _8\"></span>y </div><div class=\"t_1 m0_1 x69 h8_1 y314 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">coherentes <span class=\"__1 _6\"></span>con <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>actual <span class=\"__1 _6\"></span>coyuntura <span class=\"__1 _6\"></span>econ\u00f3mica <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>reflejan <span class=\"__1 _6\"></span>sus <span class=\"__1 _6\"></span>planes <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>inversi\u00f3n <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>la mej<span class=\"__1 _8\"></span>or es<span class=\"__1 _6\"></span>timaci\u00f3n </div><div class=\"t_1 m0_1 x69 h8_1 y3f0 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">disponible de s<span class=\"__1 _6\"></span>us gastos e ingres<span class=\"__1 _6\"></span>os futuros,<span class=\"__1 _6\"></span> y que las tasas d<span class=\"__1 _6\"></span>e descuento aplicad<span class=\"__1 _6\"></span>as reflejan ad<span class=\"__1 _6\"></span>ecuadamente </div><div class=\"t_1 m0_1 x69 h8_1 y3f1 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">los riesgos corres<span class=\"__1 _6\"></span>pondientes a cada u<span class=\"__1 _6\"></span>nidad generadora d<span class=\"__1 _6\"></span>e efectivo (v\u00e9ase Nota 19).<span class=\"__1 _8\"></span> </div><div class=\"t_1 m0_1 x69 h9_1 y4f5 ff3_1 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Ingresos energ\u00eda. Liquidaci\u00f3n<span class=\"__1 _6\"></span> de actividades re<span class=\"__1 _6\"></span>gulad<span class=\"__1 _6\"></span><span class=\"ls25\">as</span> </div><div class=\"t_1 m0_1 x69 h8_1 y4f6 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Al <span class=\"__1 _cb\"> </span>cierre <span class=\"__1 _cb\"> </span>de <span class=\"__1 _cb\"> </span>cada <span class=\"__1 _cb\"> </span>ej<span class=\"__1 _6\"></span>ercicio, <span class=\"__1 _cb\"> </span>ENCE <span class=\"__1 _c9\"> </span>realiza <span class=\"__1 _cb\"> </span>una <span class=\"__1 _cb\"> </span>estimaci\u00f3n <span class=\"__1 _c9\"> </span>de <span class=\"__1 _cb\"> </span>la <span class=\"__1 _cb\"> </span>liquidaci\u00f3n <span class=\"__1 _cb\"> </span>d<span class=\"__1 _6\"></span>efinitiva <span class=\"__1 _cb\"> </span>de <span class=\"__1 _cb\"> </span>los <span class=\"__1 _cb\"> </span>ingresos </div><div class=\"t_1 m0_1 x69 h8_1 y4f7 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">devengados corres<span class=\"__1 _6\"></span>pondientes a la a<span class=\"__1 _6\"></span>ctividad de generaci\u00f3n<span class=\"__1 _6\"></span> de energ\u00eda, de acu<span class=\"__1 _6\"></span>erdo con el <span class=\"__1 _6\"></span>marco regulatorio </div><div class=\"t_1 m0_1 x69 h8_1 y4f8 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">vigente. <span class=\"__1 _8\"></span>Asimismo, <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>estima <span class=\"__1 _8\"></span>e <span class=\"__1 _8\"></span>Valor <span class=\"__1 _8\"></span>Neto <span class=\"__1 _8\"></span>Actualizado <span class=\"__1 _8\"></span>y <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>retribu<span class=\"__1 _6\"></span>ci\u00f3n <span class=\"__1 _8\"></span>a <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>inv<span class=\"__1 _6\"></span>ersi\u00f3n <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>obtener <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>cada </div><div class=\"t_1 m0_1 x69 h8_1 y4f9 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">una <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>las <span class=\"__1 _c8\"></span>instalaciones <span class=\"__1 _4\"></span>tip<span class=\"__1 _6\"></span>o <span class=\"__1 _4\"></span>(IT) <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>que <span class=\"__1 _c8\"></span>opera <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>Grup<span class=\"__1 _6\"></span>o <span class=\"__1 _c8\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>rec\u00e1lculo <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>par\u00e1met<span class=\"__1 _6\"></span>ros <span class=\"__1 _c8\"></span>del <span class=\"__1 _4\"></span>siguiente </div><div class=\"t_1 m0_1 x69 h8_1 y4fa ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">semiperiodo <span class=\"__1 _4\"></span>regulatorio. <span class=\"__1 _4\"></span>En <span class=\"__1 _8\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>estimaciones <span class=\"__1 _8\"></span>se <span class=\"__1 _4\"></span>consideran <span class=\"__1 _4\"></span>las <span class=\"__1 _8\"></span>liqu<span class=\"__1 _6\"></span>idaciones <span class=\"__1 _4\"></span>provision<span class=\"__1 _6\"></span>ales <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>ublicadas, <span class=\"__1 _4\"></span>as\u00ed </div><div class=\"t_1 m0_1 x69 h8_1 y234 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">como toda la informaci\u00f3n s<span class=\"__1 _6\"></span>ectorial dis<span class=\"__1 _6\"></span>ponible (v\u00e9anse N<span class=\"__1 _6\"></span>ota 9 y Anexo III).<span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x69 h9_1 y235 ff3_1 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Provisiones para riesgos <span class=\"__1 _6\"></span>y gastos <span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x69 h8_1 y4fb ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ENCE <span class=\"__1 _c8\"></span>contabiliza <span class=\"__1 _c8\"> </span>provis<span class=\"__1 _6\"></span>iones <span class=\"__1 _4\"></span>en <span class=\"__1 _c8\"> </span>cobertura <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>las <span class=\"__1 _c8\"> </span>obligacio<span class=\"__1 _6\"></span>nes <span class=\"__1 _c8\"></span>presentes <span class=\"__1 _c8\"></span>que <span class=\"__1 _c8\"></span>surgen <span class=\"__1 _c8\"></span>como <span class=\"__1 _c8\"></span>resultado <span class=\"__1 _c8\"> </span>de </div><div class=\"t_1 m0_1 x69 h8_1 y4fc ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">sucesos <span class=\"__1 _c6\"> </span>pasad<span class=\"__1 _6\"></span>os, <span class=\"__1 _c8\"> </span>princip<span class=\"__1 _6\"></span>almente, <span class=\"__1 _c6\"> </span>litigios <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c6\"> </span>recla<span class=\"__1 _6\"></span>maciones <span class=\"__1 _c6\"> </span>as\u00ed <span class=\"__1 _c6\"> </span>como <span class=\"__1 _c6\"> </span>por <span class=\"__1 _c6\"> </span>los <span class=\"__1 _c6\"> </span>compromis<span class=\"__1 _6\"></span>os <span class=\"__1 _c6\"> </span>asumidos <span class=\"__1 _c6\"> </span>que </div><div class=\"t_1 m0_1 x69 h8_1 y4fd ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">cumplen la definici\u00f3n d<span class=\"__1 _6\"></span>e pasivo. Pa<span class=\"__1 _6\"></span>ra ello, tiene que evalu<span class=\"__1 _6\"></span>ar el resulta<span class=\"__1 _6\"></span>do de ciertos<span class=\"__1 _6\"></span> procedimientos legal<span class=\"__1 _6\"></span>es, </div><div class=\"t_1 m0_1 x69 h8_1 y4fe ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">fiscales o de otro t<span class=\"__1 _6\"></span>ipo que no est\u00e1n cerrados a<span class=\"__1 _6\"></span> la fecha de formulaci\u00f3<span class=\"__1 _6\"></span>n de las<span class=\"__1 _6\"></span> cuentas anuales co<span class=\"__1 _6\"></span>nsolidadas, </div><div class=\"t_1 m0_1 x69 h8_1 y1c5 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">la <span class=\"__1 _70\"></span>probabilidad<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>atender <span class=\"__1 _70\"></span>determinad<span class=\"__1 _6\"></span>os <span class=\"__1 _70\"></span>compro<span class=\"__1 _6\"></span>misos <span class=\"__1 _70\"></span>contractu<span class=\"__1 _6\"></span>ales <span class=\"__1 _70\"></span>y <span class=\"__1 _70\"></span>su <span class=\"__1 _70\"></span>impacto<span class=\"__1 _6\"></span>, <span class=\"__1 _70\"></span>y <span class=\"__1 _70\"></span>todo <span class=\"__1 _70\"></span>ello, <span class=\"__1 _70\"></span>con<span class=\"__1 _6\"></span>siderando </div><div class=\"t_1 m0_1 x69 h8_1 y4ff ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">la mejor informaci\u00f3n disponible al cierre de cada ejercicio (v\u00e9anse Notas 3.13 y 31). Para llevar a cabo dicha </div><div class=\"t_1 m0_1 x69 h8_1 y500 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">evaluaci\u00f3n, EN<span class=\"__1 _6\"></span>CE se basa en el as<span class=\"__1 _6\"></span>esoramiento legal interno <span class=\"__1 _6\"></span>y de expertos ind<span class=\"__1 _6\"></span>ependientes.<span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x69 h9_1 y501 ff3_1 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">C\u00e1lculo del impuesto so<span class=\"__1 _6\"></span>bre beneficios y recon<span class=\"__1 _6\"></span>ocimiento de activos por<span class=\"__1 _6\"></span> impuesto diferido<span class=\"__1 _8\"></span> </div></div>La <span class=\"__1 _4\"></span>correcta <span class=\"__1 _c8\"></span>valoraci\u00f3n <span class=\"__1 _c8\"></span>del <span class=\"__1 _4\"></span>ga<span class=\"__1 _6\"></span>sto <span class=\"__1 _c8\"></span>en <span class=\"__1 _4\"></span>concepto <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>impues<span class=\"__1 _6\"></span>to <span class=\"__1 _4\"></span>sob<span class=\"__1 _6\"></span>re <span class=\"__1 _4\"></span>beneficios <span class=\"__1 _c8\"></span>depen<span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>de <span class=\"__1 _c8\"></span>varios <span class=\"__1 _c8\"></span>factores, incluyendo  estimaciones  sobre <span class=\"__1 _c6\"> </span>el  ritmo  y <span class=\"__1 _c6\"> </span>la  realizaci\u00f3n <span class=\"__1 _c6\"> </span>de  los  cr\u00e9ditos <span class=\"__1 _c6\"> </span>fis<span class=\"__1 _6\"></span>cales  y <span class=\"__1 _c6\"> </span>resto  de <span class=\"__1 _ca\"> </span>activos <span class=\"__1 _ca\"> </span>por impuestos <span class=\"__1 _8\"></span>diferidos, <span class=\"__1 _6\"></span>tasa <span class=\"__1 _8\"></span>impositiva <span class=\"__1 _6\"></span>futura,<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>etc. <span class=\"__1 _6\"></span>Los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>cobros <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>pagos <span class=\"__1 _6\"></span>pueden <span class=\"__1 _8\"></span>diferir <span class=\"__1 _6\"></span>materialmente <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>estas<span class=\"__1 _6\"></span> estimaciones <span class=\"__1 _8\"></span>como <span class=\"__1 _8\"></span>resu<span class=\"__1 _6\"></span>ltado <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>ca<span class=\"__1 _6\"></span>mbios <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>la <span class=\"__1 _4\"></span>evoluci\u00f3n <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>revista <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>negocios, <span class=\"__1 _8\"></span>cambios<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>normas impositivas o en su interpretaci\u00f3n, as\u00ed como consecuencia de <span class=\"__1 _5\"></span>transacciones<span class=\"__1 _6\"></span> futuras imprevistas (v\u00e9ase Nota 32).<span class=\"ls0_1\"> </span>ENCE <span class=\"__1 _cf\"> </span>s\u00f3lo <span class=\"__1 _cf\"> </span>reconoce <span class=\"__1 _cf\"> </span>activos <span class=\"__1 _ce\"> </span>p<span class=\"__1 _6\"></span>or <span class=\"__1 _cf\"> </span>impuesto <span class=\"__1 _ce\"> </span>diferido <span class=\"__1 _cf\"> </span>cuando <span class=\"__1 _cf\"> </span>cons<span class=\"__1 _6\"></span>ide<span class=\"__1 _6\"></span>ra <span class=\"__1 _ce\"> </span>pro<span class=\"__1 _6\"></span>bable <span class=\"__1 _cf\"> </span>que <span class=\"__1 _ce\"> </span>las <span class=\"__1 _cf\"> </span>entidad<span class=\"__1 _6\"></span>es (individualmente  o  de  forma  consolidada)  que  los  han <span class=\"__1 _ca\"> </span>generado  van  a  tener <span class=\"__1 _ca\"> </span>en  el  futuro  suficie<span class=\"__1 _5\"></span>ntes ganancias fiscales<span class=\"__1 _6\"></span> con las qu<span class=\"__1 _6\"></span>e hacerlos efectivos (v\u00e9ans<span class=\"__1 _6\"></span>e Notas 3.16 y 32).<span class=\"__1 _6\"></span> Cambio clim\u00e1tico<span class=\"__1 _6\"></span> La estrategia <span class=\"__1 _6\"></span>de E<span class=\"__1 _6\"></span>NCE tiene <span class=\"__1 _6\"></span>en consideraci\u00f3n<span class=\"__1 _6\"></span> los o<span class=\"__1 _6\"></span>bjetivos del Acuerdo<span class=\"__1 _6\"></span> de <span class=\"__1 _6\"></span>Par\u00eds de <span class=\"__1 _6\"></span>limitar el <span class=\"__1 _6\"></span>incremento de la temperatura global por debajo de los 1,5\u00baC y la neutralid<span class=\"__1 _6\"></span>ad clim\u00e1tica en 2050 por lo <span class=\"__1 _5\"></span>que han sido tenidos en cuenta en la elabora<span class=\"__1 _6\"></span>ci\u00f3n de estas cu<span class=\"__1 _6\"></span>entas<span class=\"__1 _6\"></span> anuales. En este <span class=\"__1 _5\"></span>sentido, las e<span class=\"__1 _5\"></span>stimaciones de <span class=\"__1 _5\"></span>la vida <span class=\"__1 _5\"></span>\u00fatil de <span class=\"__1 _70\"></span>los<span class=\"__1 _6\"></span> activos, <span class=\"__1 _5\"></span>de los <span class=\"__1 _70\"></span>cos<span class=\"__1 _6\"></span>tes de <span class=\"__1 _70\"></span>cierre y desmantelamiento <span class=\"__1 _5\"></span>de instalaciones  y <span class=\"__1 _c6\"> </span>de  los <span class=\"__1 _c6\"> </span>tes<span class=\"__1 _6\"></span>t <span class=\"__1 _c6\"> </span>del <span class=\"__1 _ca\"> </span>deterioro <span class=\"__1 _ca\"> </span>de <span class=\"__1 _c6\"> </span>los<span class=\"__1 _6\"></span> <span class=\"__1 _ca\"> </span>activos  no <span class=\"__1 _c6\"> </span>financieros<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>in<span class=\"__1 _6\"></span>corporan  los <span class=\"__1 _c6\"> </span>efectos <span class=\"__1 _ca\"> </span>de <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>icha estrategia (v\u00e9ase Nota 7)<span class=\"__1 _6\"></span><span class=\"ls17\">. </span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-541": {
   "value": "5.<span class=\"ff5 ls0_1\"> <span class=\"__1 _c1\"> </span><span class=\"ff3_1\">Pol\u00edtica de gesti\u00f3n de riesgos financieros </span></span>Las <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>istintas actividades <span class=\"__1 _70\"></span>desarrolladas <span class=\"__1 _5\"></span>por <span class=\"__1 _70\"></span>E<span class=\"__1 _6\"></span>NCE <span class=\"__1 _70\"></span>conllevan<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>su <span class=\"__1 _5\"></span>exposici\u00f3n <span class=\"__1 _5\"></span>a <span class=\"__1 _70\"></span>determinad<span class=\"__1 _6\"></span>os <span class=\"__1 _70\"></span>riesgos<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>finan<span class=\"__1 _6\"></span>cieros; (i) <span class=\"__1 _4\"></span>riesgos <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>mercado, <span class=\"__1 _4\"></span>(ii) <span class=\"__1 _4\"></span>riesgos <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>cr\u00e9dito <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>(iii) <span class=\"__1 _4\"></span>riesgos <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>liquidez. <span class=\"__1 _4\"></span>En <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>l <span class=\"__1 _4\"></span>apartado <span class=\"__1 _4\"></span>3\u00ba <span class=\"__1 _8\"></span>del <span class=\"__1 _c8\"> </span>in<span class=\"__1 _6\"></span>forme <span class=\"__1 _4\"></span>de gesti\u00f3n consolida<span class=\"__1 _6\"></span>do se detalla informaci\u00f3n ad<span class=\"__1 _6\"></span>icional sobre los r<span class=\"__1 _6\"></span>iesgos del Grupo.<span class=\"__1 _8\"></span> ENCE <span class=\"__1 _c6\"> </span>dispone <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>una <span class=\"__1 _c6\"> </span>organizaci\u00f3n <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c8\"> </span>un<span class=\"__1 _6\"></span>os <span class=\"__1 _c8\"> </span>sistemas<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>gesti\u00f3<span class=\"__1 _6\"></span>n <span class=\"__1 _c8\"> </span>qu<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"> </span>le <span class=\"__1 _c6\"> </span>permiten <span class=\"__1 _c8\"> </span>identificar, <span class=\"__1 _c6\"> </span>medir <span class=\"__1 _c8\"> </span>y<span class=\"__1 _6\"></span> controlar <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>riesgos <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>que <span class=\"__1 _6\"></span>est\u00e1 <span class=\"__1 _8\"></span>expuesto <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>Grupo,<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>des<span class=\"__1 _6\"></span>arrollad<span class=\"__1 _6\"></span>os <span class=\"__1 _8\"></span>bajo <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>siguientes <span class=\"__1 _8\"></span>principios <span class=\"__1 _8\"></span>b\u00e1sicos de <span class=\"__1 _4\"></span>actuaci\u00f3n; <span class=\"__1 _4\"></span>1) <span class=\"__1 _4\"></span>Garantizar <span class=\"__1 _4\"></span>que <span class=\"__1 _8\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>riesgos <span class=\"__1 _4\"></span>m\u00e1s <span class=\"__1 _4\"></span>relevantes <span class=\"__1 _8\"></span>sean<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>correctamente <span class=\"__1 _8\"></span>id<span class=\"__1 _6\"></span>entificado<span class=\"__1 _6\"></span>s, <span class=\"__1 _4\"></span>evaluados, gestionados, <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>supervisados<span class=\"__1 _6\"></span>, <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>2) <span class=\"__1 _4\"></span>Establecimiento <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>u<span class=\"__1 _6\"></span>nos <span class=\"__1 _8\"></span>sis<span class=\"__1 _6\"></span>temas <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>tratamiento <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>control <span class=\"__1 _4\"></span>interno <span class=\"__1 _8\"></span>que pe<span class=\"ls0_1\">rmitan <span class=\"__1 _4\"></span>mantener <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>probabilidad<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>e <span class=\"__1 _4\"></span>impacto <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>ocurrencia <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>dichos <span class=\"__1 _4\"></span>eventos <span class=\"__1 _4\"></span>dentro <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>niveles <span class=\"__1 _4\"></span>de </span>tolerancia establecidos.<span class=\"__1 _6\"></span> 5.1<span class=\"ff5\"> <span class=\"__1 _cc\"> </span></span><span class=\"fc3\">Riesgos de mercad<span class=\"__1 _5\"></span>o </span>El <span class=\"__1 _4\"></span>riesgo <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>mercado <span class=\"__1 _8\"></span>es <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>p\u00e9rdid<span class=\"__1 _6\"></span>a <span class=\"__1 _4\"></span>potencial <span class=\"__1 _8\"></span>ante <span class=\"__1 _4\"></span>movimientos <span class=\"__1 _4\"></span>adversos <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>n <span class=\"__1 _4\"></span>las <span class=\"__1 _8\"></span>variables <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>mercado. <span class=\"__1 _4\"></span>El Grupo est<span class=\"__1 _6\"></span>\u00e1 expues<span class=\"__1 _6\"></span>to a <span class=\"__1 _6\"></span>divers<span class=\"__1 _6\"></span>os tip<span class=\"__1 _6\"></span>os d<span class=\"__1 _6\"></span>e riesgos <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>mercado: <span class=\"__1 _6\"></span>de precio <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>venta <span class=\"__1 _6\"></span>de la<span class=\"__1 _6\"></span> cel<span class=\"__1 _6\"></span>ulosa <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>la energ\u00eda renovable, de <span class=\"__1 _5\"></span>tipo de <span class=\"__1 _70\"></span>cambio<span class=\"__1 _6\"></span>, <span class=\"__1 _5\"></span>de tipo <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _5\"></span>inter\u00e9s, de <span class=\"__1 _5\"></span>regulaci\u00f3n, y <span class=\"__1 _70\"></span>de precio <span class=\"__1 _5\"></span>de las <span class=\"__1 _5\"></span>materias <span class=\"__1 _5\"></span>primas utilizadas en los procesos<span class=\"__1 _6\"></span> productivos. ENCE <span class=\"__1 _6\"></span>realiza <span class=\"__1 _6\"></span>un <span class=\"__1 _6\"></span>se<span class=\"__1 _6\"></span>guimiento <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>exposici\u00f3n <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>ri<span class=\"__1 _6\"></span>esgo <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>mercado <span class=\"__1 _8\"></span>en t\u00e9rm<span class=\"__1 _6\"></span>inos <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>sensibilid<span class=\"__1 _6\"></span>ades. <span class=\"__1 _6\"></span>Estas<span class=\"__1 _6\"></span> se complementan <span class=\"__1 _8\"></span>con <span class=\"__1 _8\"></span>otras <span class=\"__1 _8\"></span>medidas <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>gesti\u00f3n <span class=\"__1 _8\"></span>del <span class=\"__1 _6\"></span>riesgo <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>aquellas <span class=\"__1 _8\"></span>ocasion<span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>nat<span class=\"__1 _6\"></span>uraleza <span class=\"__1 _8\"></span>de las <span class=\"__1 _5\"></span>posiciones de <span class=\"__1 _70\"></span>riesgo as\u00ed <span class=\"__1 _70\"></span>lo requiere, <span class=\"__1 _5\"></span>entre <span class=\"__1 _5\"></span>ellas, el <span class=\"__1 _70\"></span>estable<span class=\"__1 _6\"></span>cimiento de <span class=\"__1 _70\"></span>l\u00edmites m\u00e1ximos <span class=\"__1 _5\"></span>de rie<span class=\"__1 _5\"></span>sgo, que <span class=\"__1 _70\"></span>son definidos por el Comit\u00e9 d<span class=\"__1 _6\"></span>e Direcci\u00f3n.<span class=\"__1 _6\"></span> Precio de la celulosa <span class=\"__1 _6\"></span> El <span class=\"__1 _ca\"> </span>precio <span class=\"__1 _ca\"> </span>de <span class=\"__1 _c6\"> </span>la  celulosa <span class=\"__1 _ca\"> </span>BEKP <span class=\"__1 _ca\"> </span>se <span class=\"__1 _ca\"> </span>establece <span class=\"__1 _c6\"> </span>en  un <span class=\"__1 _c6\"> </span>merca<span class=\"__1 _6\"></span>do  activo <span class=\"__1 _c6\"> </span>y <span class=\"__1 _ca\"> </span>su  evoluci\u00f3n <span class=\"__1 _c6\"> </span>determina <span class=\"__1 _ca\"> </span>de <span class=\"__1 _ca\"> </span>forma significativa <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>l <span class=\"__1 _8\"></span>volu<span class=\"__1 _6\"></span>men <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>ingresos <span class=\"__1 _8\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>rentabilidad <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>Grupo. <span class=\"__1 _4\"></span>Las <span class=\"__1 _8\"></span>variaciones <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>precio <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>pasta <span class=\"__1 _4\"></span>de celulosa modifican los flujo<span class=\"__1 _6\"></span>s de efectivo ob<span class=\"__1 _6\"></span>tenidos por <span class=\"__1 _6\"></span>su venta.<span class=\"__1 _1bc\"> </span>Adicionalmente, <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>precio <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>celulos<span class=\"__1 _6\"></span>a <span class=\"__1 _4\"></span>tiene <span class=\"__1 _4\"></span>un <span class=\"__1 _4\"></span>marcado <span class=\"__1 _4\"></span>car\u00e1cter <span class=\"__1 _4\"></span>c\u00edclico <span class=\"__1 _4\"></span>habiendo <span class=\"__1 _4\"></span>experimentado<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>una<span class=\"__1 _1bc\"> </span>considerable volatilid<span class=\"__1 _6\"></span>ad en los \u00fa<span class=\"__1 _6\"></span>ltimos a\u00f1os. Este co<span class=\"__1 _6\"></span>mportamiento del precio est\u00e1 a<span class=\"__1 _6\"></span>sociado principa<span class=\"__1 _6\"></span>lmente<span class=\"__1 _1bc\"> </span>a cambios<span class=\"__1 _6\"></span> en <span class=\"__1 _6\"></span>los v<span class=\"__1 _6\"></span>ol\u00famenes o <span class=\"__1 _6\"></span>condiciones <span class=\"__1 _6\"></span>en los<span class=\"__1 _6\"></span> que <span class=\"__1 _6\"></span>se esta<span class=\"__1 _6\"></span>blecen la <span class=\"__1 _6\"></span>oferta <span class=\"__1 _6\"></span>y la <span class=\"__1 _6\"></span>demanda,<span class=\"__1 _6\"></span> y <span class=\"__1 _6\"></span>a la <span class=\"__1 _6\"></span>situaci\u00f3<span class=\"__1 _6\"></span>n<span class=\"__1 _1bc\"> </span>financiera de los dis<span class=\"__1 _6\"></span>tintos operadores del mercado.<span class=\"__1 _1bc\"> </span>Para <span class=\"__1 _8\"></span>mitigar <span class=\"__1 _8\"></span>este <span class=\"__1 _8\"></span>riesgo <span class=\"__1 _4\"></span>el <span class=\"__1 _6\"></span>Grup<span class=\"__1 _6\"></span>o <span class=\"__1 _8\"></span>ha <span class=\"__1 _8\"></span>acometido <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>\u00faltimos <span class=\"__1 _8\"></span>a\u00f1os <span class=\"__1 _8\"></span>importantes<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>inversiones <span class=\"__1 _8\"></span>orientadas<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span>reducir <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>us <span class=\"__1 _8\"></span>costes <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>producci\u00f3n, <span class=\"__1 _8\"></span>incrementar <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>productivid<span class=\"__1 _6\"></span>ad <span class=\"__1 _8\"></span>y <span class=\"__1 _6\"></span>calid<span class=\"__1 _6\"></span>ad <span class=\"__1 _8\"></span>del <span class=\"__1 _6\"></span>prod<span class=\"__1 _6\"></span>ucto <span class=\"__1 _8\"></span>comercializado<span class=\"__1 _6\"></span>, <span class=\"__1 _8\"></span>as\u00ed<span class=\"__1 _1bc\"> </span>como <span class=\"__1 _6\"></span>diversificar <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>product<span class=\"__1 _6\"></span>os <span class=\"__1 _6\"></span>con<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>caracter\u00edsticas<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>especiales <span class=\"__1 _6\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>al<span class=\"__1 _6\"></span>to <span class=\"__1 _8\"></span>valor <span class=\"__1 _6\"></span>a\u00f1adido<span class=\"__1 _6\"></span>. <span class=\"__1 _6\"></span>As<span class=\"__1 _6\"></span>imismo, <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>eval\u00fa<span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span>forma continua <span class=\"__1 _5\"></span>la posibilidad <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _5\"></span>utilizaci\u00f3n de <span class=\"__1 _5\"></span>coberturas sobre <span class=\"__1 _70\"></span>el precio de <span class=\"__1 _70\"></span>la pasta para <span class=\"__1 _70\"></span>las ventas <span class=\"__1 _5\"></span>futuras,<span class=\"__1 _1bc\"> </span>si bien, la oferta d<span class=\"__1 _6\"></span>e estos instrumentos d<span class=\"__1 _6\"></span>e cobertura es limitad<span class=\"__1 _6\"></span>a. La sensibilidad<span class=\"__1 _6\"></span> en el resultado de <span class=\"__1 _6\"></span>explotaci\u00f3n y el p<span class=\"__1 _6\"></span>atrimonio neto (a<span class=\"__1 _6\"></span>ntes de impuestos<span class=\"__1 _6\"></span>) a variaciones en<span class=\"__1 _6\"></span> el<span class=\"__1 _1bc\"> </span>precio de venta de la celulos<span class=\"__1 _6\"></span>a se detalla a con<span class=\"__1 _6\"></span>tinuaci\u00f3n:<span class=\"__1 _1bc\"> </span>Precio de la energ\u00eda renovab<span class=\"__1 _6\"></span>le <span class=\"__1 _6\"></span>y regulaci\u00f3n<span class=\"__1 _1bc\"> </span>En lo <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>se refiere al <span class=\"__1 _6\"></span>precio <span class=\"__1 _6\"></span>de la <span class=\"__1 _6\"></span>energ\u00eda renovab<span class=\"__1 _6\"></span>le vendi<span class=\"__1 _6\"></span>da <span class=\"__1 _6\"></span>por EN<span class=\"__1 _6\"></span>CE en <span class=\"__1 _8\"></span>el mercado <span class=\"__1 _6\"></span>el\u00e9ctrico espa\u00f1<span class=\"__1 _6\"></span>ol, el<span class=\"__1 _1bc\"> </span>Real <span class=\"__1 _4\"></span>Decr<span class=\"__1 _6\"></span>eto <span class=\"__1 _4\"></span>413/<span class=\"__1 _6\"></span>2014 <span class=\"__1 _c8\"></span>por <span class=\"__1 _c8\"></span>el <span class=\"__1 _4\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>regula <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c8\"> </span>actividad <span class=\"__1 _c8\"> </span>de <span class=\"__1 _4\"></span>p<span class=\"__1 _6\"></span>roducci\u00f3n <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"></span>energ\u00eda <span class=\"__1 _4\"></span>el\u00e9ctrica <span class=\"__1 _c8\"> </span>a <span class=\"__1 _c8\"> </span>partir <span class=\"__1 _c8\"> </span>de<span class=\"__1 _1bc\"> </span>fuentes <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>en<span class=\"__1 _6\"></span>erg\u00eda <span class=\"__1 _c8\"></span>renovable, <span class=\"__1 _c8\"> </span>cogeneraci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>res<span class=\"__1 _6\"></span>iduos <span class=\"__1 _c8\"> </span>asegura <span class=\"__1 _c8\"> </span>a <span class=\"__1 _c8\"></span>las <span class=\"__1 _c8\"></span>instalaciones <span class=\"__1 _c8\"> </span>acogida<span class=\"__1 _6\"></span>s <span class=\"__1 _c8\"></span>al <span class=\"__1 _4\"></span>R\u00e9gi<span class=\"__1 _6\"></span>men<span class=\"__1 _1bc\"> </span>Retributivo Es<span class=\"__1 _6\"></span>pecial que tienen<span class=\"__1 _6\"></span> retribuci\u00f3n a la in<span class=\"__1 _6\"></span>versi\u00f3n, una rentab<span class=\"__1 _6\"></span>ilidad m\u00ednima del 7,398% a lo<span class=\"__1 _6\"></span> largo de<span class=\"__1 _1bc\"> </span>su vida <span class=\"__1 _6\"></span>regulatoria y has<span class=\"__1 _6\"></span>ta 2031 (v\u00e9ase N<span class=\"__1 _6\"></span>ota 9 y An<span class=\"__1 _6\"></span>exo III)<span class=\"__1 _6\"></span><span class=\"ls11\">, </span>eliminando<span class=\"__1 _6\"></span> as\u00ed gran p<span class=\"__1 _6\"></span>arte de l<span class=\"__1 _6\"></span>as incertidumbre<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>asociadas <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>revisi\u00f3n <span class=\"__1 _6\"></span>del <span class=\"__1 _8\"></span>resto <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>par\u00e1metros <span class=\"__1 _8\"></span>retribut<span class=\"__1 _6\"></span>ivos, <span class=\"__1 _8\"></span>al <span class=\"__1 _8\"></span>garantizar <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>retorno <span class=\"__1 _8\"></span>para <span class=\"__1 _8\"></span>las <span class=\"__1 _6\"></span>in<span class=\"__1 _6\"></span>stalaciones<span class=\"__1 _1bc\"> </span>sujetas a d<span class=\"__1 _6\"></span>icho r\u00e9gimen retributivo.<span class=\"__1 _1bc\"> </span>ENCE h<span class=\"__1 _6\"></span>ace un <span class=\"__1 _6\"></span>seguimiento <span class=\"__1 _6\"></span>pormenorizado <span class=\"__1 _6\"></span>de los <span class=\"__1 _6\"></span>cambios <span class=\"__1 _6\"></span>regulatorios <span class=\"__1 _6\"></span>a fin <span class=\"__1 _6\"></span>de recoger <span class=\"__1 _6\"></span>adecuadamente <span class=\"__1 _6\"></span>su<span class=\"__1 _1bc\"> </span>impacto en los estad<span class=\"__1 _6\"></span>os financieros<span class=\"__1 _6\"></span>, as\u00ed como en la evo<span class=\"__1 _6\"></span>luci\u00f3n de <span class=\"__1 _6\"></span>potenciales inversion<span class=\"__1 _6\"></span>es.<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _6\"></span>Grupo <span class=\"__1 _6\"></span>comercializa <span class=\"__1 _6\"></span>toda <span class=\"__1 _6\"></span>la energ\u00eda <span class=\"__1 _6\"></span>generada <span class=\"__1 _6\"></span>con <span class=\"__1 _6\"></span>des<span class=\"__1 _6\"></span>tino <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>terceros <span class=\"__1 _6\"></span>a tra<span class=\"__1 _6\"></span>v\u00e9s d<span class=\"__1 _6\"></span>el OME<span class=\"__1 _6\"></span>L. Adicionalmente,<span class=\"__1 _1bc\"> </span>toda <span class=\"__1 _70\"></span>la <span class=\"__1 _5\"></span>capacidad <span class=\"__1 _70\"></span>de producci\u00f3n <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>ENCE <span class=\"__1 _70\"></span>en <span class=\"__1 _70\"></span>el <span class=\"__1 _5\"></span>mercado <span class=\"__1 _70\"></span>el\u00e9ctrico se <span class=\"__1 _70\"></span>encuentra <span class=\"__1 _70\"></span>sujeta <span class=\"__1 _5\"></span>a <span class=\"__1 _70\"></span>retribuci\u00f3n <span class=\"__1 _5\"></span>regulada. Suministro de mad<span class=\"__1 _6\"></span>era<span class=\"__1 _1bc\"> </span>La madera <span class=\"__1 _6\"></span>de eucalipto<span class=\"__1 _6\"></span> es el principa<span class=\"__1 _6\"></span>l insu<span class=\"__1 _6\"></span>mo en la pro<span class=\"__1 _6\"></span>ducci\u00f3n de <span class=\"__1 _6\"></span>pasta de celulos<span class=\"__1 _6\"></span>a y su p<span class=\"__1 _6\"></span>recio est\u00e1 <span class=\"__1 _6\"></span>sujeto<span class=\"__1 _1bc\"> </span>a <span class=\"__1 _8\"></span>fluctuaciones <span class=\"__1 _8\"></span>derivad<span class=\"__1 _6\"></span>as <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>cambios <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>n <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>equilibrio <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>ntre <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>of<span class=\"__1 _6\"></span>erta <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>demanda <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>n <span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>as <span class=\"__1 _8\"></span>zonas<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>donde <span class=\"__1 _8\"></span>se<span class=\"__1 _1bc\"> </span>ubican las b<span class=\"__1 _6\"></span>iof\u00e1bricas de producci\u00f3n de<span class=\"__1 _6\"></span> celulosa.<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _6\"></span>riesgo <span class=\"__1 _6\"></span>derivado <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>una <span class=\"__1 _6\"></span>oferta <span class=\"__1 _6\"></span>insuficiente <span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>mitigado <span class=\"__1 _6\"></span>principalmente <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>trav\u00e9s <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>la ges<span class=\"__1 _6\"></span>ti\u00f3n <span class=\"__1 _6\"></span>de<span class=\"__1 _8\"></span>l stock, <span class=\"__1 _6\"></span>la<span class=\"__1 _1bc\"> </span>diversificaci\u00f3n <span class=\"__1 _cd\"> </span>de <span class=\"__1 _cd\"> </span>fuentes <span class=\"__1 _cd\"> </span>de <span class=\"__1 _c9\"> </span>s<span class=\"__1 _6\"></span>uministro, <span class=\"__1 _ce\"> </span>incluyendo, <span class=\"__1 _cd\"> </span>de <span class=\"__1 _c9\"> </span>forma <span class=\"__1 _cd\"> </span>excepcional,<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>el <span class=\"__1 _c9\"> </span>ac<span class=\"__1 _6\"></span>ceso <span class=\"__1 _cd\"> </span>a <span class=\"__1 _cd\"> </span>mercados<span class=\"__1 _1bc\"> </span>internacionales alterna<span class=\"__1 _6\"></span>tivos, que inco<span class=\"__1 _6\"></span>rporan u<span class=\"__1 _6\"></span>n mayor coste log\u00edstico.<span class=\"__1 _1bc\"> </span>La sensibilidad<span class=\"__1 _6\"></span> en el resultado de explotaci\u00f3n<span class=\"__1 _6\"></span> y el patrimoni<span class=\"__1 _6\"></span>o neto (antes d<span class=\"__1 _6\"></span>e impuestos) a var<span class=\"__1 _6\"></span>iaciones en el<span class=\"__1 _1bc\"> </span>precio de la madera de <span class=\"__1 _6\"></span>eucalipto con<span class=\"__1 _6\"></span> destino celulosa se d<span class=\"__1 _6\"></span>etalla a continuaci\u00f3n<span class=\"__1 _6\"></span>:<span class=\"__1 _1bc\"> </span>Mile<span class=\"__1 _6\"></span>s \u20ac<span class=\"__1 _1bc\"> </span>Var<span class=\"__1 _70\"></span>i<span class=\"__1 _6\"></span>ac<span class=\"__1 _70\"></span>i<span class=\"__1 _6\"></span>\u00f3n<span class=\"__1 _1bc\"> </span>Precio <span class=\"__1 _5\"></span>Ce<span class=\"__1 _6\"></span>lul<span class=\"__1 _6\"></span>osa<span class=\"__1 _1bc\"> </span>resulta<span class=\"__1 _5\"></span>do<span class=\"__1 _1bc\"> </span>e<span class=\"__1 _6\"></span>xplota<span class=\"__1 _5\"></span>ci\u00f3n<span class=\"__1 _1bc\"> </span>(-<span class=\"__1 _6\"></span>)<span class=\"__1 _6\"></span>/<span class=\"__1 _5\"></span>+<span class=\"__1 _1bc\"> </span>pa<span class=\"__1 _5\"></span>tr<span class=\"__1 _70\"></span>i<span class=\"__1 _6\"></span>monio<span class=\"__1 _1bc\"> </span>neto<span class=\"__1 _1bc\"> </span>(-<span class=\"__1 _6\"></span>)<span class=\"__1 _6\"></span>/<span class=\"__1 _5\"></span>+<span class=\"__1 _1bc\"> </span>2023<span class=\"__1 _61\"> </span><span class=\"ls0_1\">I<span class=\"__1 _6\"></span>ncr<span class=\"__1 _70\"></span>e<span class=\"__1 _8\"></span>men<span class=\"__1 _6\"></span>to 5<span class=\"__1 _70\"></span>%<span class=\"__1 _dc\"> </span>2<span class=\"__1 _70\"></span>8.2<span class=\"__1 _70\"></span>8<span class=\"__1 _5\"></span>0<span class=\"__1 _41\"> </span>2<span class=\"__1 _70\"></span>8.2<span class=\"__1 _70\"></span>8<span class=\"__1 _5\"></span>0<span class=\"__1 _1bc\"> </span></span>Red<span class=\"__1 _6\"></span>ucc<span class=\"__1 _70\"></span>i<span class=\"__1 _6\"></span>\u00f3n<span class=\"__1 _6\"></span> 5<span class=\"__1 _70\"></span>%<span class=\"__1 _87\"> </span>(2<span class=\"__1 _70\"></span>8.2<span class=\"__1 _70\"></span>8<span class=\"__1 _5\"></span>0<span class=\"__1 _70\"></span>)<span class=\"__1 _67\"> </span>(<span class=\"__1 _6\"></span>28<span class=\"__1 _70\"></span>.2<span class=\"__1 _5\"></span>8<span class=\"__1 _70\"></span>0)<span class=\"__1 _1bc\"> </span>2022<span class=\"__1 _61\"> </span><span class=\"ls0_1\">I<span class=\"__1 _6\"></span>ncr<span class=\"__1 _70\"></span>e<span class=\"__1 _8\"></span>men<span class=\"__1 _6\"></span>to 5<span class=\"__1 _70\"></span>%<span class=\"__1 _dc\"> </span>3<span class=\"__1 _70\"></span>1.2<span class=\"__1 _70\"></span>7<span class=\"__1 _5\"></span>4<span class=\"__1 _41\"> </span>3<span class=\"__1 _70\"></span>1.2<span class=\"__1 _70\"></span>7<span class=\"__1 _5\"></span>4<span class=\"__1 _1bc\"> </span></span>Red<span class=\"__1 _6\"></span>ucc<span class=\"__1 _70\"></span>i<span class=\"__1 _6\"></span>\u00f3n<span class=\"__1 _6\"></span> 5<span class=\"__1 _70\"></span>%<span class=\"__1 _87\"> </span>(3<span class=\"__1 _70\"></span>1.2<span class=\"__1 _70\"></span>7<span class=\"__1 _5\"></span>4<span class=\"__1 _70\"></span>)<span class=\"__1 _67\"> </span>(<span class=\"__1 _6\"></span>31<span class=\"__1 _70\"></span>.2<span class=\"__1 _5\"></span>7<span class=\"__1 _70\"></span>4)<span class=\"__1 _1bc\"> </span>Tipo de cambio<span class=\"__1 _1bc\"> </span>Las <span class=\"__1 _8\"></span>v<span class=\"__1 _6\"></span>entas <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>celulos<span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>del <span class=\"__1 _4\"></span>Grupo <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>realizan <span class=\"__1 _4\"></span>principalmente <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>mercado <span class=\"__1 _8\"></span>euro<span class=\"__1 _6\"></span>peo, <span class=\"__1 _8\"></span>si <span class=\"__1 _4\"></span>bien, <span class=\"__1 _8\"></span>los <span class=\"__1 _4\"></span>ingresos<span class=\"__1 _1bc\"> </span>provenientes <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>esta <span class=\"__1 _4\"></span>actividad <span class=\"__1 _4\"></span>se <span class=\"__1 _8\"></span>v<span class=\"__1 _6\"></span>en <span class=\"__1 _4\"></span>afectados <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>or <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>tipo <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>cambio <span class=\"__1 _4\"></span>USD/EUR <span class=\"__1 _8\"></span>al <span class=\"__1 _4\"></span>est<span class=\"__1 _6\"></span>ar <span class=\"__1 _4\"></span>denominado <span class=\"__1 _4\"></span>el<span class=\"__1 _1bc\"> </span>precio <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>venta <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>referencia <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>celulosa <span class=\"__1 _4\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _4\"></span>me<span class=\"__1 _5\"></span>rcado <span class=\"__1 _8\"></span>in<span class=\"__1 _6\"></span>ter<span class=\"__1 _6\"></span>nacional <span class=\"__1 _4\"></span>en<span class=\"__1 _5\"></span> <span class=\"__1 _8\"></span>USD. <span class=\"__1 _8\"></span>E<span class=\"__1 _6\"></span>n <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>medida <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>n <span class=\"__1 _8\"></span>qu<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>la<span class=\"__1 _1bc\"> </span>moneada  funcional,  la  estructu<span class=\"__1 _6\"></span>ra  de  costes,  y  la  estructura  financiera  del  Grupo  est\u00e1n<span class=\"__1 _6\"></span>  denominadas<span class=\"__1 _1bc\"> </span>principalmente <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>euros, <span class=\"__1 _8\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>fluctuaciones <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>tipo <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>cambio <span class=\"__1 _6\"></span>entre <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>d\u00f3<span class=\"__1 _6\"></span>lar <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>euro <span class=\"__1 _8\"></span>afectan <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>forma<span class=\"__1 _1bc\"> </span>significativa a los<span class=\"__1 _6\"></span> resultados del Grupo.<span class=\"__1 _1bc\"> </span>Para  gestionar  y  minimizar  este  riesgo,  ENCE  realiza  un<span class=\"__1 _5\"></span>  seguimiento  permanente  de  su  exposici\u00f3n  a<span class=\"__1 _1bc\"> </span>fluctuaciones <span class=\"__1 _8\"></span>del <span class=\"__1 _6\"></span>tip<span class=\"__1 _6\"></span>o <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>camb<span class=\"__1 _6\"></span>io <span class=\"__1 _8\"></span>as\u00ed <span class=\"__1 _6\"></span>como <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>previsiones <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>evoluci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>del <span class=\"__1 _6\"></span>tipo <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>cambio <span class=\"__1 _8\"></span>USD/EUR, <span class=\"__1 _8\"></span>y<span class=\"__1 _1bc\"> </span>en ocasiones, u<span class=\"__1 _6\"></span>tiliza estrategias<span class=\"__1 _6\"></span> de cobertura.<span class=\"__1 _1bc\"> </span>Los <span class=\"__1 _c8\"> </span>activos<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c8\"> </span>pasivos <span class=\"__1 _c8\"> </span>del <span class=\"__1 _c8\"> </span>gru<span class=\"__1 _6\"></span>po <span class=\"__1 _c8\"> </span>expresados<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>en <span class=\"__1 _c8\"> </span>moneda <span class=\"__1 _c8\"> </span>ext<span class=\"__1 _6\"></span>ranjera <span class=\"__1 _c8\"> </span>al <span class=\"__1 _c8\"> </span>31 <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>iciembre <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c8\"></span>202<span class=\"__1 _8\"></span>3 <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c8\"> </span>202<span class=\"__1 _6\"></span>2<span class=\"ls11\">,<span class=\"__1 _1bc\"> </span></span>mayoritariamente en USD, s<span class=\"__1 _6\"></span>on los<span class=\"__1 _6\"></span> siguientes: La sensibilidad del resultado de explotaci\u00f3n y del <span class=\"__1 _5\"></span>patrimonio neto (antes de impuest<span class=\"__1 _6\"></span>os), a las apreciaciones<span class=\"__1 _1bc\"> </span>o depreciaciones del d\u00f3lar <span class=\"__1 _6\"></span>frente al euro se d<span class=\"__1 _6\"></span>etalla a continuaci\u00f3n<span class=\"__1 _6\"></span>:<span class=\"__1 _1bc\"> </span>Tipo de inter\u00e9s<span class=\"__1 _1bc\"> </span>Mile<span class=\"__1 _8\"></span>s <span class=\"__1 _70\"></span>\u20ac<span class=\"__1 _1bc\"> </span>Var<span class=\"__1 _70\"></span>i<span class=\"__1 _6\"></span>ac<span class=\"__1 _70\"></span>i<span class=\"__1 _6\"></span>\u00f3n<span class=\"__1 _1bc\"> </span>Precio <span class=\"__1 _5\"></span>Ma<span class=\"__1 _70\"></span>de<span class=\"__1 _6\"></span>ra<span class=\"__1 _1bc\"> </span>Efecto <span class=\"__1 _70\"></span>e<span class=\"__1 _6\"></span>n<span class=\"__1 _1bc\"> </span>resulta<span class=\"__1 _5\"></span>do<span class=\"__1 _1bc\"> </span>e<span class=\"__1 _6\"></span>xplota<span class=\"__1 _5\"></span>ci\u00f3n<span class=\"__1 _1bc\"> </span>(-<span class=\"__1 _6\"></span>)<span class=\"__1 _6\"></span>/<span class=\"__1 _5\"></span>+<span class=\"__1 _1bc\"> </span>Efecto <span class=\"__1 _70\"></span>e<span class=\"__1 _6\"></span>n<span class=\"__1 _1bc\"> </span>pa<span class=\"__1 _5\"></span>tr<span class=\"__1 _70\"></span>i<span class=\"__1 _6\"></span>monio<span class=\"__1 _1bc\"> </span>neto<span class=\"__1 _1bc\"> </span>(-<span class=\"__1 _6\"></span>)<span class=\"__1 _6\"></span>/<span class=\"__1 _5\"></span>+<span class=\"__1 _1bc\"> </span>2023<span class=\"__1 _35\"> </span><span class=\"ls0_1\">Incr<span class=\"__1 _5\"></span>e<span class=\"__1 _6\"></span>me<span class=\"__1 _6\"></span>nto 5<span class=\"__1 _70\"></span>%<span class=\"__1 _9e\"> </span>(<span class=\"__1 _6\"></span>1<span class=\"__1 _5\"></span>2<span class=\"__1 _70\"></span>.<span class=\"__1 _6\"></span>2<span class=\"__1 _70\"></span>80<span class=\"__1 _70\"></span>)<span class=\"__1 _5a\"> </span>(<span class=\"__1 _6\"></span>12<span class=\"__1 _70\"></span>.2<span class=\"__1 _5\"></span>8<span class=\"__1 _70\"></span>0)<span class=\"__1 _1bc\"> </span></span>Red<span class=\"__1 _6\"></span>ucc<span class=\"__1 _70\"></span>i<span class=\"__1 _6\"></span>\u00f3n<span class=\"__1 _6\"></span> 5<span class=\"__1 _70\"></span>%<span class=\"__1 _d4\"> </span>1<span class=\"__1 _70\"></span>2<span class=\"__1 _70\"></span>.<span class=\"__1 _6\"></span>2<span class=\"__1 _70\"></span>80<span class=\"__1 _6e\"> </span>1<span class=\"__1 _70\"></span>2<span class=\"__1 _70\"></span>.<span class=\"__1 _6\"></span>2<span class=\"__1 _70\"></span>80<span class=\"__1 _1bc\"> </span>2022<span class=\"__1 _35\"> </span><span class=\"ls0_1\">Incr<span class=\"__1 _5\"></span>e<span class=\"__1 _6\"></span>me<span class=\"__1 _6\"></span>nto 5<span class=\"__1 _70\"></span>%<span class=\"__1 _9e\"> </span>(<span class=\"__1 _6\"></span>1<span class=\"__1 _5\"></span>0<span class=\"__1 _70\"></span>.<span class=\"__1 _6\"></span>8<span class=\"__1 _70\"></span>63<span class=\"__1 _70\"></span>)<span class=\"__1 _5a\"> </span>(<span class=\"__1 _6\"></span>10<span class=\"__1 _70\"></span>.8<span class=\"__1 _5\"></span>6<span class=\"__1 _70\"></span>3)<span class=\"__1 _1bc\"> </span></span>Red<span class=\"__1 _6\"></span>ucc<span class=\"__1 _70\"></span>i<span class=\"__1 _6\"></span>\u00f3n<span class=\"__1 _6\"></span> 5<span class=\"__1 _70\"></span>%<span class=\"__1 _d4\"> </span>1<span class=\"__1 _70\"></span>0<span class=\"__1 _70\"></span>.<span class=\"__1 _6\"></span>8<span class=\"__1 _70\"></span>63<span class=\"__1 _6e\"> </span>1<span class=\"__1 _70\"></span>0<span class=\"__1 _70\"></span>.<span class=\"__1 _6\"></span>8<span class=\"__1 _70\"></span>63<span class=\"__1 _1bc\"> </span>Mile<span class=\"__1 _6\"></span>s \u20ac2023<span class=\"__1 _d4\"> </span>2022Efe<span class=\"__1 _6\"></span>ctivo<span class=\"__1 _45\"> </span>1<span class=\"__1 _5\"></span>4<span class=\"__1 _70\"></span>.<span class=\"__1 _6\"></span>1<span class=\"__1 _70\"></span>02<span class=\"__1 _52\"> </span>9<span class=\"__1 _70\"></span>.6<span class=\"__1 _70\"></span>25Cue<span class=\"__1 _6\"></span>ntas <span class=\"__1 _5\"></span>por <span class=\"__1 _70\"></span>cobra<span class=\"__1 _5\"></span>r<span class=\"__1 _8f\"> </span>2<span class=\"__1 _70\"></span>6.3<span class=\"__1 _70\"></span>9<span class=\"__1 _70\"></span>5<span class=\"__1 _dd\"> </span>2<span class=\"__1 _70\"></span>0.8<span class=\"__1 _70\"></span>7<span class=\"__1 _70\"></span>0Cue<span class=\"__1 _6\"></span>ntas <span class=\"__1 _5\"></span>por <span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>aga<span class=\"__1 _70\"></span>r<span class=\"__1 _de\"> </span>(<span class=\"__1 _6\"></span>4<span class=\"__1 _70\"></span>.<span class=\"__1 _6\"></span>0<span class=\"__1 _70\"></span>6<span class=\"__1 _5\"></span>0<span class=\"__1 _70\"></span>)<span class=\"__1 _a0\"> </span>(<span class=\"__1 _6\"></span>1<span class=\"__1 _70\"></span>0<span class=\"__1 _5\"></span>.5<span class=\"__1 _5\"></span>2<span class=\"__1 _70\"></span>4)3<span class=\"__1 _70\"></span>6.4<span class=\"__1 _70\"></span>3<span class=\"__1 _70\"></span>7<span class=\"__1 _dd\"> </span>1<span class=\"__1 _70\"></span>9<span class=\"__1 _70\"></span>.9<span class=\"__1 _5\"></span>7<span class=\"__1 _70\"></span>1Mil<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>s <span class=\"__1 _5\"></span>\u20acVar<span class=\"__1 _70\"></span>i<span class=\"__1 _6\"></span>ac<span class=\"__1 _70\"></span>i<span class=\"__1 _6\"></span>\u00f3nT<span class=\"__1 _5\"></span>ipo Ca<span class=\"__1 _70\"></span>mbioUS$<span class=\"__1 _5\"></span>/<span class=\"__1 _70\"></span>\u20acEfecto <span class=\"__1 _70\"></span>e<span class=\"__1 _6\"></span>nresultad<span class=\"__1 _5\"></span>oe<span class=\"__1 _6\"></span>xplotac<span class=\"__1 _70\"></span>i<span class=\"__1 _6\"></span>\u00f3n(-<span class=\"__1 _6\"></span>)<span class=\"__1 _6\"></span>/+Efecto <span class=\"__1 _70\"></span>e<span class=\"__1 _6\"></span>npa<span class=\"__1 _5\"></span>tr<span class=\"__1 _70\"></span>i<span class=\"__1 _6\"></span>monioneto(-<span class=\"__1 _6\"></span>)<span class=\"__1 _6\"></span>/+2023<span class=\"__1 _2f\"> </span><span class=\"ls0_1\">Ap<span class=\"__1 _6\"></span>reci<span class=\"__1 _6\"></span>ac<span class=\"__1 _70\"></span>i<span class=\"__1 _8\"></span>\u00f3n 5<span class=\"__1 _70\"></span>%<span class=\"__1 _85\"> </span>2<span class=\"__1 _70\"></span>5<span class=\"__1 _5\"></span>.6<span class=\"__1 _5\"></span>1<span class=\"__1 _70\"></span>0<span class=\"__1 _18\"> </span>2<span class=\"__1 _5\"></span>5<span class=\"__1 _70\"></span>.<span class=\"__1 _6\"></span>6<span class=\"__1 _70\"></span>10</span>Depre<span class=\"__1 _6\"></span>ciaci\u00f3n<span class=\"__1 _6\"></span> 5<span class=\"__1 _70\"></span>%<span class=\"__1 _79\"> </span>(<span class=\"__1 _6\"></span>25<span class=\"__1 _70\"></span>.4<span class=\"__1 _5\"></span>1<span class=\"__1 _70\"></span>5)<span class=\"__1 _7c\"> </span>(<span class=\"__1 _6\"></span>2<span class=\"__1 _70\"></span>5.4<span class=\"__1 _70\"></span>1<span class=\"__1 _5\"></span>5<span class=\"__1 _70\"></span>)2022<span class=\"__1 _2f\"> </span><span class=\"ls0_1\">Ap<span class=\"__1 _6\"></span>reci<span class=\"__1 _6\"></span>ac<span class=\"__1 _70\"></span>i<span class=\"__1 _8\"></span>\u00f3n 5<span class=\"__1 _70\"></span>%<span class=\"__1 _85\"> </span>2<span class=\"__1 _70\"></span>8<span class=\"__1 _5\"></span>.7<span class=\"__1 _5\"></span>8<span class=\"__1 _70\"></span>6<span class=\"__1 _18\"> </span>2<span class=\"__1 _5\"></span>8<span class=\"__1 _70\"></span>.<span class=\"__1 _6\"></span>7<span class=\"__1 _70\"></span>86</span>Depre<span class=\"__1 _6\"></span>ciaci\u00f3n<span class=\"__1 _6\"></span> 5<span class=\"__1 _70\"></span>%<span class=\"__1 _79\"> </span>(<span class=\"__1 _6\"></span>29<span class=\"__1 _70\"></span>.1<span class=\"__1 _5\"></span>8<span class=\"__1 _70\"></span>7)<span class=\"__1 _7c\"> </span>(<span class=\"__1 _6\"></span>2<span class=\"__1 _70\"></span>9.1<span class=\"__1 _70\"></span>8<span class=\"__1 _5\"></span>7<span class=\"__1 _70\"></span>)Las variaciones <span class=\"__1 _70\"></span>en los <span class=\"__1 _70\"></span>tipo<span class=\"__1 _6\"></span>s <span class=\"__1 _5\"></span>de inter\u00e9s <span class=\"__1 _70\"></span>pueden afectar <span class=\"__1 _70\"></span>al<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>ingreso o <span class=\"__1 _70\"></span>gasto<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>or <span class=\"__1 _5\"></span>intereses <span class=\"__1 _5\"></span>de los <span class=\"__1 _5\"></span>activos y <span class=\"__1 _70\"></span>pasivos<span class=\"__1 _1bc\"> </span>financieros referenciados <span class=\"__1 _70\"></span>a un tipo <span class=\"__1 _70\"></span>de inter\u00e9s <span class=\"__1 _70\"></span>v<span class=\"__1 _6\"></span>ariable, <span class=\"__1 _5\"></span>pudiend<span class=\"__1 _6\"></span>o <span class=\"__1 _5\"></span>modificar <span class=\"__1 _70\"></span>ta<span class=\"__1 _6\"></span>mbi\u00e9n el <span class=\"__1 _70\"></span>valo<span class=\"__1 _6\"></span>r <span class=\"__1 _5\"></span>razonable de <span class=\"__1 _70\"></span>los<span class=\"__1 _1bc\"> </span>activos <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>pasivos <span class=\"__1 _4\"></span>financieros <span class=\"__1 _8\"></span>con<span class=\"__1 _6\"></span>tratados <span class=\"__1 _4\"></span>a <span class=\"__1 _8\"></span>tipo <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>inter\u00e9s <span class=\"__1 _4\"></span>fijo. <span class=\"__1 _8\"></span>Adicion<span class=\"__1 _6\"></span>almente, <span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span>tas <span class=\"__1 _4\"></span>variaciones <span class=\"__1 _8\"></span>pueden<span class=\"__1 _1bc\"> </span>afectar <span class=\"__1 _c8\"></span>al <span class=\"__1 _c8\"> </span>valor <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c6\"> </span>libros <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>activ<span class=\"__1 _6\"></span>os <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c8\"> </span>pasivos <span class=\"__1 _c8\"> </span>por <span class=\"__1 _c8\"> </span>variaci\u00f3n <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>las <span class=\"__1 _c8\"> </span>t<span class=\"__1 _8\"></span>asas <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>descuento <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>flujos <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"></span>caja<span class=\"__1 _1bc\"> </span>aplicables, a la renta<span class=\"__1 _6\"></span>bilidad de las inv<span class=\"__1 _6\"></span>ersiones y al coste futu<span class=\"__1 _6\"></span>ro de captaci\u00f3n d<span class=\"__1 _6\"></span>e recursos financieros.<span class=\"__1 _1bc\"> </span>El  endeudamiento  d<span class=\"__1 _6\"></span>e  ENCE  proviene  de  aquellos  ins<span class=\"__1 _6\"></span>trumentos  financieros  m\u00e1s<span class=\"__1 _6\"></span>  competitivos  en  cada<span class=\"__1 _1bc\"> </span>momento, tanto<span class=\"__1 _6\"></span> de mercados<span class=\"__1 _6\"></span> de capitales como b<span class=\"__1 _6\"></span>ancarios, <span class=\"__1 _6\"></span>y de acuerdo<span class=\"__1 _6\"></span> a las condicion<span class=\"__1 _6\"></span>es de mercado que<span class=\"__1 _1bc\"> </span>sean <span class=\"__1 _c8\"> </span>\u00f3ptimas <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c8\"> </span>cada <span class=\"__1 _c8\"> </span>un<span class=\"__1 _6\"></span>o <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>el<span class=\"__1 _6\"></span>los. <span class=\"__1 _c8\"> </span>As\u00ed <span class=\"__1 _c8\"> </span>mis<span class=\"__1 _6\"></span>mo, <span class=\"__1 _c8\"> </span>ENCE <span class=\"__1 _c6\"> </span>mitiga <span class=\"__1 _c8\"> </span>este <span class=\"__1 _c8\"> </span>r<span class=\"__1 _6\"></span>iesgo <span class=\"__1 _c8\"> </span>a <span class=\"__1 _c8\"> </span>trav\u00e9s<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"> </span>l<span class=\"__1 _6\"></span>a <span class=\"__1 _c8\"> </span>contrataci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>de<span class=\"__1 _1bc\"> </span>derivados d<span class=\"__1 _6\"></span>e tipo de inter\u00e9s que intercambian flujo<span class=\"__1 _6\"></span>s variables p<span class=\"__1 _6\"></span>or fijos<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span>La estructura d<span class=\"__1 _6\"></span>e la deuda financiera a 31 de dicie<span class=\"__1 _6\"></span>mbre de 202<span class=\"__1 _6\"></span>3 y 2022, un<span class=\"__1 _6\"></span>a vez consid<span class=\"__1 _6\"></span>eradas las coberturas<span class=\"__1 _1bc\"> </span>contratadas<span class=\"__1 _6\"></span>, es la siguiente:<span class=\"__1 _1bc\"> </span>La sens<span class=\"__1 _6\"></span>ibilidad <span class=\"__1 _6\"></span>del resultad<span class=\"__1 _6\"></span>o de explotaci\u00f3n<span class=\"__1 _6\"></span> y <span class=\"__1 _6\"></span>del pat<span class=\"__1 _6\"></span>rimonio <span class=\"__1 _6\"></span>neto <span class=\"__1 _6\"></span>(antes d<span class=\"__1 _6\"></span>e impuestos<span class=\"__1 _6\"></span>), <span class=\"__1 _8\"></span>a <span class=\"__1 _6\"></span>una <span class=\"__1 _6\"></span>variaci\u00f3n <span class=\"__1 _6\"></span>en<span class=\"__1 _1bc\"> </span>50 puntos b<span class=\"__1 _6\"></span>\u00e1sicos en el tipo de inter\u00e9s<span class=\"__1 _6\"></span> se detalla a con<span class=\"__1 _6\"></span>tinuaci\u00f3n<span class=\"__1 _6\"></span>:<span class=\"__1 _1bc\"> </span>5.2<span class=\"ff5\"> <span class=\"__1 _cc\"> </span></span><span class=\"fc3\">Riesgo de Cr\u00e9d<span class=\"__1 _5\"></span>ito<span class=\"__1 _1bc\"> </span></span>El <span class=\"__1 _5\"></span>riesgo <span class=\"__1 _5\"></span>de <span class=\"__1 _5\"></span>cr\u00e9dito <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>efine como <span class=\"__1 _70\"></span>la posibilidad de <span class=\"__1 _70\"></span>que un <span class=\"__1 _5\"></span>tercero <span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>o <span class=\"__1 _5\"></span>cumpla con <span class=\"__1 _70\"></span>sus<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>obligaciones de <span class=\"__1 _70\"></span>pago,<span class=\"__1 _1bc\"> </span>originando <span class=\"__1 _4\"></span>con <span class=\"__1 _8\"></span>ello <span class=\"__1 _8\"></span>p\u00e9rdidas<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>cre<span class=\"__1 _5\"></span>diticias. <span class=\"__1 _4\"></span>Este <span class=\"__1 _8\"></span>riesgo, <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>su <span class=\"__1 _8\"></span>mayo<span class=\"__1 _6\"></span>r <span class=\"__1 _8\"></span>parte, <span class=\"__1 _4\"></span>se <span class=\"__1 _8\"></span>eval\u00faa <span class=\"__1 _8\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>con<span class=\"__1 _6\"></span>trola <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>n <span class=\"__1 _8\"></span>EN<span class=\"__1 _6\"></span>CE <span class=\"__1 _8\"></span>de<span class=\"__1 _1bc\"> </span>forma individualizad<span class=\"__1 _6\"></span>a para cada cliente.<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _6\"></span>Grupo <span class=\"__1 _6\"></span>eval\u00faa <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>forma <span class=\"__1 _6\"></span>peri\u00f3dica <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>existencia <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>eviden<span class=\"__1 _6\"></span>cias <span class=\"__1 _6\"></span>objetiv<span class=\"__1 _6\"></span>as d<span class=\"__1 _6\"></span>e d<span class=\"__1 _6\"></span>eterioro d<span class=\"__1 _6\"></span>e valor <span class=\"__1 _6\"></span>desp<span class=\"__1 _6\"></span>u\u00e9s d<span class=\"__1 _6\"></span>el<span class=\"__1 _1bc\"> </span>reconocimiento <span class=\"__1 _70\"></span>inicial<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>un <span class=\"__1 _70\"></span>a<span class=\"__1 _6\"></span>ctivo <span class=\"__1 _70\"></span>financiero. <span class=\"__1 _70\"></span>Entre <span class=\"__1 _70\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>fact<span class=\"__1 _6\"></span>ores <span class=\"__1 _70\"></span>considerado<span class=\"__1 _6\"></span>s <span class=\"__1 _70\"></span>en <span class=\"__1 _70\"></span>dicha <span class=\"__1 _70\"></span>evalu<span class=\"__1 _6\"></span>aci\u00f3n <span class=\"__1 _70\"></span>destacan;<span class=\"__1 _1bc\"> </span>la <span class=\"__1 _6\"></span>cu<span class=\"__1 _6\"></span>ant\u00eda <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>deuda <span class=\"__1 _8\"></span>pendie<span class=\"__1 _6\"></span>nte <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>cobro <span class=\"__1 _8\"></span>por <span class=\"__1 _8\"></span>cliente, <span class=\"__1 _4\"></span>las <span class=\"__1 _6\"></span>cob<span class=\"__1 _6\"></span>erturas <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>eguro <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>cr<span class=\"__1 _6\"></span>\u00e9dito <span class=\"__1 _8\"></span>dispon<span class=\"__1 _6\"></span>ibles, <span class=\"__1 _8\"></span>la<span class=\"__1 _1bc\"> </span>antig\u00fcedad <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>euda, <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c6\"> </span>existen<span class=\"__1 _6\"></span>cia <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>situacio<span class=\"__1 _6\"></span>nes <span class=\"__1 _c6\"> </span>concurs<span class=\"__1 _6\"></span>ales, <span class=\"__1 _c6\"> </span>y  las <span class=\"__1 _c6\"> </span>conclusion<span class=\"__1 _6\"></span>es <span class=\"__1 _c8\"> </span>de <span class=\"__1 _ca\"> </span>los <span class=\"__1 _c6\"> </span>an\u00e1lisis<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>de<span class=\"__1 _1bc\"> </span>solvencia realizado<span class=\"__1 _6\"></span>s sobre los<span class=\"__1 _6\"></span> clientes.<span class=\"__1 _1bc\"> </span>Deudores comerciales y <span class=\"__1 _6\"></span>otras cuen<span class=\"__1 _6\"></span>tas a cobrar<span class=\"__1 _1bc\"> </span>Los s<span class=\"__1 _6\"></span>aldos comerciales <span class=\"__1 _6\"></span>se reflejan <span class=\"__1 _6\"></span>en el <span class=\"__1 _6\"></span>Estad<span class=\"__1 _6\"></span>o de <span class=\"__1 _6\"></span>Situaci\u00f3n Financiera <span class=\"__1 _6\"></span>consolida<span class=\"__1 _6\"></span>do netos <span class=\"__1 _6\"></span>de deterioro. <span class=\"__1 _6\"></span>Los<span class=\"__1 _1bc\"> </span>deterioros <span class=\"__1 _4\"></span>acumulados <span class=\"__1 _8\"></span>regist<span class=\"__1 _6\"></span>rados <span class=\"__1 _4\"></span>al <span class=\"__1 _8\"></span>31 <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>dicie<span class=\"__1 _6\"></span>mbre <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>2023 <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>2022 <span class=\"__1 _4\"></span>ascienden <span class=\"__1 _8\"></span>a <span class=\"__1 _4\"></span>4.<span class=\"__1 _6\"></span>050 <span class=\"__1 _8\"></span><span class=\"ff6\">mil<span class=\"__1 _6\"></span>es <span class=\"__1 _8\"></span>\u20ac <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>4.302<span class=\"__1 _1bc\"> </span></span>Negocio Celulosa<span class=\"__1 _df\"> </span>Negocio R<span class=\"__1 _70\"></span>e<span class=\"__1 _6\"></span>nova<span class=\"__1 _70\"></span>ble<span class=\"__1 _6\"></span>sM<span class=\"__1 _70\"></span>i<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>s \u20ac<span class=\"__1 _e0\"> </span><span class=\"ff3_1 ls2a\">2023<span class=\"__1 _9c\"> </span>2022<span class=\"__1 _e1\"> </span>2023<span class=\"__1 _a\"> </span>2022</span>Tipo inte<span class=\"__1 _6\"></span>r\u00e9<span class=\"__1 _6\"></span>s fi<span class=\"__1 _6\"></span>j<span class=\"__1 _6\"></span>o<span class=\"__1 _e2\"> </span>2<span class=\"__1 _70\"></span>34<span class=\"__1 _70\"></span>.50<span class=\"__1 _70\"></span>0<span class=\"__1 _92\"> </span>10<span class=\"__1 _70\"></span>0<span class=\"__1 _5\"></span>.3<span class=\"__1 _5\"></span>0<span class=\"__1 _70\"></span>0<span class=\"__1 _94\"> </span>11<span class=\"__1 _70\"></span>1<span class=\"__1 _70\"></span>.<span class=\"__1 _6\"></span>3<span class=\"__1 _5\"></span>7<span class=\"__1 _70\"></span>1<span class=\"__1 _101\"> </span>1<span class=\"__1 _5\"></span>3<span class=\"__1 _70\"></span>4.0<span class=\"__1 _70\"></span>38Tipo inte<span class=\"__1 _6\"></span>r\u00e9<span class=\"__1 _6\"></span>s Variabl<span class=\"__1 _6\"></span>e<span class=\"__1 _93\"> </span>17<span class=\"__1 _70\"></span>9<span class=\"__1 _70\"></span>.<span class=\"__1 _6\"></span>0<span class=\"__1 _5\"></span>4<span class=\"__1 _70\"></span>7<span class=\"__1 _a0\"> </span>58<span class=\"__1 _70\"></span>.00<span class=\"__1 _70\"></span>0<span class=\"__1 _e3\"> </span>1<span class=\"__1 _70\"></span>1.6<span class=\"__1 _70\"></span>12<span class=\"__1 _97\"> </span>1<span class=\"__1 _5\"></span>6<span class=\"__1 _70\"></span>.<span class=\"__1 _6\"></span>0<span class=\"__1 _70\"></span>12Comi<span class=\"__1 _6\"></span>si<span class=\"__1 _6\"></span>one<span class=\"__1 _6\"></span>s e i<span class=\"__1 _6\"></span>nte<span class=\"__1 _6\"></span>rese<span class=\"__1 _6\"></span>s<span class=\"__1 _e4\"> </span>1<span class=\"__1 _70\"></span>.<span class=\"__1 _6\"></span>4<span class=\"__1 _5\"></span>0<span class=\"__1 _70\"></span>1<span class=\"__1 _e5\"> </span><span class=\"ls2a\">647<span class=\"__1 _5b\"> </span></span>(<span class=\"__1 _6\"></span>46<span class=\"__1 _70\"></span>7<span class=\"__1 _70\"></span>)<span class=\"__1 _e6\"> </span>(1.0<span class=\"__1 _70\"></span>71<span class=\"__1 _70\"></span>)Tota<span class=\"__1 _70\"></span>l<span class=\"__1 _8\"></span> <span class=\"__1 _5\"></span>de<span class=\"__1 _6\"></span>uda <span class=\"__1 _5\"></span>fi<span class=\"__1 _8\"></span>nanc<span class=\"__1 _70\"></span>i<span class=\"__1 _8\"></span>era <span class=\"__1 _5\"></span>(N<span class=\"__1 _6\"></span>ota <span class=\"__1 _5\"></span>2<span class=\"__1 _70\"></span>8)<span class=\"__1 _91\"> </span><span class=\"ff3_1\">4<span class=\"__1 _70\"></span>14<span class=\"__1 _70\"></span>.9<span class=\"__1 _70\"></span>48<span class=\"__1 _92\"> </span>1<span class=\"__1 _70\"></span>58<span class=\"__1 _70\"></span>.9<span class=\"__1 _70\"></span>47<span class=\"__1 _94\"> </span>1<span class=\"__1 _70\"></span>2<span class=\"__1 _5\"></span>2<span class=\"__1 _70\"></span>.51<span class=\"__1 _70\"></span>6<span class=\"__1 _101\"> </span>1<span class=\"__1 _70\"></span>48<span class=\"__1 _70\"></span>.9<span class=\"__1 _70\"></span>79</span>Mile<span class=\"__1 _6\"></span>s \u20acVar<span class=\"__1 _70\"></span>i<span class=\"__1 _6\"></span>ac<span class=\"__1 _70\"></span>i<span class=\"__1 _6\"></span>\u00f3nT<span class=\"__1 _5\"></span>ipo In<span class=\"__1 _5\"></span>ter\u00e9sEfecto<span class=\"__1 _5\"></span> enresulta<span class=\"__1 _5\"></span>do <span class=\"__1 _70\"></span>ant<span class=\"__1 _5\"></span>e<span class=\"__1 _6\"></span>simpuestos <span class=\"__1 _70\"></span>(<span class=\"__1 _6\"></span>-<span class=\"__1 _6\"></span>)/+Efecto<span class=\"__1 _5\"></span> enpa<span class=\"__1 _5\"></span>tr<span class=\"__1 _70\"></span>i<span class=\"__1 _6\"></span>monioneto(-<span class=\"__1 _6\"></span>)<span class=\"__1 _6\"></span>/<span class=\"__1 _5\"></span>+2023Increme<span class=\"__1 _6\"></span>nto 5<span class=\"__1 _70\"></span>0<span class=\"__1 _70\"></span> pb(1.3<span class=\"__1 _70\"></span>18<span class=\"__1 _70\"></span>)<span class=\"__1 _e7\"> </span><span class=\"ls2b\">767</span>Descens<span class=\"__1 _6\"></span>o 5<span class=\"__1 _70\"></span>0<span class=\"__1 _70\"></span> pb<span class=\"__1 _e\"> </span>1<span class=\"__1 _5\"></span>.3<span class=\"__1 _5\"></span>1<span class=\"__1 _70\"></span>8<span class=\"__1 _a0\"> </span>(<span class=\"__1 _6\"></span>76<span class=\"__1 _70\"></span>7<span class=\"__1 _70\"></span>)2022Increme<span class=\"__1 _6\"></span>nto 5<span class=\"__1 _70\"></span>0<span class=\"__1 _70\"></span> pb(17<span class=\"__1 _70\"></span>8<span class=\"__1 _5\"></span>)<span class=\"__1 _e7\"> </span><span class=\"ls2b\">415</span>Descens<span class=\"__1 _6\"></span>o 5<span class=\"__1 _70\"></span>0<span class=\"__1 _70\"></span> pb<span class=\"__1 _e8\"> </span><span class=\"ls2b\">178<span class=\"__1 _6d\"> </span></span>(4<span class=\"__1 _5\"></span>1<span class=\"__1 _70\"></span>5)miles <span class=\"__1 _c8\"> </span>\u20ac, <span class=\"__1 _ca\"> </span>respectivamente. <span class=\"__1 _c6\"> </span>En<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>el <span class=\"__1 _c8\"> </span>s<span class=\"__1 _6\"></span>iguiente <span class=\"__1 _c6\"> </span>cuad<span class=\"__1 _6\"></span><span class=\"ff4\">ro <span class=\"__1 _c6\"> </span>se <span class=\"__1 _c6\"> </span>detalla <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c6\"> </span>antig\u00fc<span class=\"__1 _6\"></span>edad <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c6\"> </span>deuda <span class=\"__1 _c6\"> </span>comercial <span class=\"__1 _c6\"> </span>y <span class=\"__1 _c6\"> </span>los<span class=\"__1 _1bc\"> </span></span>deterioros registrados<span class=\"__1 _6\"></span> (incluye p\u00e9rdida esp<span class=\"__1 _6\"></span>erada):<span class=\"__1 _1bc\"> </span>ENCE <span class=\"__1 _4\"></span>cuenta <span class=\"__1 _4\"></span>con<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>sistemas <span class=\"__1 _4\"></span>prop<span class=\"__1 _6\"></span>ios <span class=\"__1 _4\"></span>para <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>evalu<span class=\"__1 _6\"></span>aci\u00f3n <span class=\"__1 _4\"></span>crediticia <span class=\"__1 _4\"></span>permanente <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>todos <span class=\"__1 _c8\"></span>sus <span class=\"__1 _4\"></span>deudores <span class=\"__1 _4\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>la<span class=\"__1 _1bc\"> </span>determinaci\u00f3n de l\u00edmites de riesgo por contrap<span class=\"__1 _6\"></span>arte, que se basan en informaci\u00f3n de solvencia disponib<span class=\"__1 _6\"></span>le, y<span class=\"__1 _1bc\"> </span>en <span class=\"__1 _70\"></span>los <span class=\"__1 _70\"></span>an\u00e1lisis<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>evaluaci\u00f3n <span class=\"__1 _70\"></span>cr<span class=\"__1 _6\"></span>editicia <span class=\"__1 _70\"></span>realizados<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>por <span class=\"__1 _70\"></span>entidades<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>seguro <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>cr\u00e9dito <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>recon<span class=\"__1 _6\"></span>ocido <span class=\"__1 _70\"></span>prestigio.<span class=\"__1 _1bc\"> </span>ENCE Celulosa<span class=\"__1 _1bc\"> </span>Este <span class=\"__1 _8\"></span>negocio <span class=\"__1 _8\"></span>concentra <span class=\"__1 _4\"></span>saldos <span class=\"__1 _6\"></span>a <span class=\"__1 _4\"></span>cobrar <span class=\"__1 _6\"></span>recogidos<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>ep\u00edgrafe <span class=\"__1 _8\"></span>\u201cDeud<span class=\"__1 _6\"></span><span class=\"ff4\">ores <span class=\"__1 _8\"></span>comerc<span class=\"__1 _6\"></span>iales <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>otras <span class=\"__1 _4\"></span>cuenta<span class=\"__1 _5\"></span>s <span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span></span>cobrar\u201d por importe d<span class=\"__1 _6\"></span>e <span class=\"ff4\">37.290 </span>miles \u20ac, d<span class=\"__1 _6\"></span>eteriorados<span class=\"__1 _6\"></span> <span class=\"ff4\">de forma acumulada <span class=\"__1 _6\"></span>en 3.884 <span class=\"__1 _6\"></span></span>miles \u20ac.<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _4\"></span>riesgo <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>r\u00e9dito <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>distribuye <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>200<span class=\"__1 _6\"></span>-300 <span class=\"__1 _4\"></span>clientes <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>otras <span class=\"__1 _4\"></span>contrapartes. <span class=\"__1 _4\"></span>La <span class=\"__1 _4\"></span>concentraci\u00f3n <span class=\"__1 _4\"></span>m\u00e1xima <span class=\"__1 _4\"></span>de<span class=\"__1 _1bc\"> </span>riesgo con un t<span class=\"__1 _6\"></span>ercero en 2023<span class=\"__1 _6\"></span> y 2022 es del 10% de las v<span class=\"__1 _6\"></span>entas<span class=\"__1 _6\"></span> de celulosa.<span class=\"__1 _1bc\"> </span>Para <span class=\"__1 _4\"></span>mitigar <span class=\"__1 _4\"></span>este <span class=\"__1 _4\"></span>riesgo, <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>opera <span class=\"__1 _4\"></span>con <span class=\"__1 _4\"></span>clientes<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>con <span class=\"__1 _4\"></span>un <span class=\"__1 _4\"></span>histo<span class=\"__1 _6\"></span>rial <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>cr\u00e9dito <span class=\"__1 _4\"></span>sin <span class=\"__1 _4\"></span>ins<span class=\"__1 _6\"></span>olvencias <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>alta <span class=\"__1 _4\"></span>calid<span class=\"__1 _6\"></span>ad<span class=\"__1 _1bc\"> </span>crediticia, <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>sigue <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>ol\u00edtica <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>vender <span class=\"__1 _8\"></span>mayoritariamente <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>clientes <span class=\"__1 _4\"></span>que <span class=\"__1 _6\"></span>disp<span class=\"__1 _6\"></span>onen <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>cobertura <span class=\"__1 _8\"></span>po<span class=\"__1 _8\"></span>r <span class=\"__1 _8\"></span>los<span class=\"__1 _1bc\"> </span>programas <span class=\"__1 _c9\"> </span>de <span class=\"__1 _c9\"> </span>seguro <span class=\"__1 _c9\"> </span>de <span class=\"__1 _cb\"> </span>cr\u00e9dito<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>contratados <span class=\"__1 _c9\"> </span>por <span class=\"__1 _c9\"> </span>ENCE,<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>los <span class=\"__1 _c9\"> </span>cuales <span class=\"__1 _c9\"> </span>proporcionan <span class=\"__1 _c9\"> </span>una <span class=\"__1 _c9\"> </span>cobertura <span class=\"__1 _c9\"> </span>de<span class=\"__1 _1bc\"> </span>aproximadamente <span class=\"__1 _cb\"> </span><span class=\"ls1c\">el</span> <span class=\"__1 _cb\"> </span>90% <span class=\"__1 _cb\"> </span>del <span class=\"__1 _cb\"> </span>importe <span class=\"__1 _cb\"> </span>facturado. <span class=\"__1 _cb\"> </span>Estas <span class=\"__1 _cb\"> </span>medidas <span class=\"__1 _cb\"> </span>se <span class=\"__1 _cb\"> </span>complem<span class=\"__1 _5\"></span>entan <span class=\"__1 _cb\"> </span>con <span class=\"__1 _cb\"> </span>la <span class=\"__1 _cb\"> </span>ejecuci\u00f3n,<span class=\"__1 _1bc\"> </span>peri\u00f3dicamente, <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>an\u00e1lisis <span class=\"__1 _4\"></span>espec\u00edficos <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>solvencia <span class=\"__1 _4\"></span>financiera <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>principales <span class=\"__1 _4\"></span>clientes <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>Grupo, <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>la<span class=\"__1 _1bc\"> </span>inclusi\u00f3n,  en  determinadas  situaciones,  de  cl\u00e1usulas  espec\u00edficas  en  los  con<span class=\"__1 _5\"></span>tratos  de  venta  dirigidas  a<span class=\"__1 _1bc\"> </span>garantizar el cobro.<span class=\"__1 _1bc\"> </span>La <span class=\"__1 _6\"></span>calificaci\u00f3n <span class=\"__1 _6\"></span>crediticia <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e n<span class=\"__1 _6\"></span>uestros <span class=\"__1 _6\"></span>clientes <span class=\"__1 _6\"></span>con <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>aldos <span class=\"__1 _6\"></span>pendientes <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>cobro <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>31 <span class=\"__1 _6\"></span>d<span class=\"__1 _8\"></span>e di<span class=\"__1 _6\"></span>ciembre <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>2023 <span class=\"__1 _6\"></span>y<span class=\"__1 _1bc\"> </span>2022, considerando la<span class=\"__1 _6\"></span> evaluaci\u00f3n realizada <span class=\"__1 _6\"></span>por nuestras as<span class=\"__1 _6\"></span>eguradoras es la siguient<span class=\"__1 _6\"></span>e:<span class=\"__1 _1bc\"> </span>ENCE Renovab<span class=\"__1 _6\"></span>les<span class=\"__1 _1bc\"> </span>Este <span class=\"__1 _8\"></span>negocio <span class=\"__1 _8\"></span>concentra <span class=\"__1 _4\"></span>saldos <span class=\"__1 _6\"></span>a <span class=\"__1 _4\"></span>cobrar <span class=\"__1 _8\"></span><span class=\"ff6\">recogidos <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>ep\u00edgrafe <span class=\"__1 _8\"></span>\u201cDeudor<span class=\"__1 _6\"></span>es <span class=\"__1 _8\"></span>comerciales <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>otras<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>cuentas <span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span></span>cobrar\u201d por importe d<span class=\"__1 _6\"></span>e <span class=\"ff4\">5.474 <span class=\"__1 _6\"></span></span>miles \u20ac, deteriorados <span class=\"__1 _6\"></span><span class=\"ff4\">de forma acu<span class=\"__1 _6\"></span>mulada en <span class=\"__1 _6\"></span><span class=\"ls12\">166</span> </span>miles \u20ac.<span class=\"__1 _1bc\"> </span>3<span class=\"__1 _70\"></span>1/<span class=\"__1 _70\"></span>1<span class=\"__1 _5\"></span>2<span class=\"__1 _70\"></span>/2<span class=\"__1 _70\"></span>0<span class=\"__1 _5\"></span>2<span class=\"__1 _70\"></span>33<span class=\"__1 _70\"></span>1/<span class=\"__1 _70\"></span>1<span class=\"__1 _5\"></span>2<span class=\"__1 _70\"></span>/2<span class=\"__1 _70\"></span>0<span class=\"__1 _5\"></span>2<span class=\"__1 _70\"></span>2Mi<span class=\"__1 _70\"></span>le<span class=\"__1 _6\"></span>s \u20ac<span class=\"__1 _e3\"> </span><span class=\"ff3_1\">Sal<span class=\"__1 _70\"></span>do a c<span class=\"__1 _5\"></span>obrar<span class=\"__1 _cc\"> </span>De<span class=\"__1 _6\"></span>t<span class=\"__1 _6\"></span>er<span class=\"__1 _6\"></span>ior<span class=\"__1 _6\"></span>o<span class=\"__1 _e9\"> </span>Sa<span class=\"__1 _70\"></span>ldo a c<span class=\"__1 _70\"></span>obr<span class=\"__1 _6\"></span>a<span class=\"__1 _5\"></span>r<span class=\"__1 _8d\"> </span>Det<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>ioro</span>No ve<span class=\"__1 _6\"></span>nci<span class=\"__1 _6\"></span>do21<span class=\"__1 _6\"></span>.97<span class=\"__1 _6\"></span>4<span class=\"__1 _a\"> </span>-4<span class=\"__1 _70\"></span>0.1<span class=\"__1 _70\"></span>0<span class=\"__1 _5\"></span>5<span class=\"__1 _ea\"> </span>-V<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>ncid<span class=\"__1 _6\"></span>o 0<span class=\"__1 _70\"></span>- 3<span class=\"__1 _70\"></span>0 <span class=\"__1 _70\"></span>d\u00edas14<span class=\"__1 _6\"></span>.56<span class=\"__1 _6\"></span>4<span class=\"__1 _a\"> </span>-7<span class=\"__1 _70\"></span>.<span class=\"__1 _6\"></span>7<span class=\"__1 _70\"></span>32<span class=\"__1 _ea\"> </span>-V<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>ncid<span class=\"__1 _6\"></span>o 3<span class=\"__1 _70\"></span>0<span class=\"__1 _70\"></span>-<span class=\"__1 _6\"></span>18<span class=\"__1 _70\"></span>0<span class=\"__1 _70\"></span> d\u00ed<span class=\"__1 _5\"></span>as325<span class=\"__1 _7c\"> </span>1211<span class=\"__1 _70\"></span>.<span class=\"__1 _6\"></span>8<span class=\"__1 _70\"></span>13<span class=\"__1 _87\"> </span><span class=\"ls2d\">27</span>V<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>ncid<span class=\"__1 _6\"></span>o &gt;<span class=\"__1 _70\"></span> 1<span class=\"__1 _70\"></span>8<span class=\"__1 _70\"></span>0 <span class=\"__1 _70\"></span>d\u00edas3.9<span class=\"__1 _6\"></span>29<span class=\"__1 _eb\"> </span>3.9<span class=\"__1 _6\"></span>29<span class=\"__1 _ec\"> </span>4.2<span class=\"__1 _6\"></span>75<span class=\"__1 _15\"> </span>4.2<span class=\"__1 _6\"></span>754<span class=\"__1 _70\"></span>0.7<span class=\"__1 _70\"></span>9<span class=\"__1 _70\"></span>2<span class=\"__1 _33\"> </span>4<span class=\"__1 _70\"></span>.05<span class=\"__1 _70\"></span>0<span class=\"__1 _ed\"> </span>5<span class=\"__1 _70\"></span>3.9<span class=\"__1 _70\"></span>2<span class=\"__1 _70\"></span>5<span class=\"__1 _ee\"> </span>4<span class=\"__1 _70\"></span>.30<span class=\"__1 _70\"></span>22023<span class=\"__1 _4d\"> </span>2022Ni<span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span> de<span class=\"__1 _6\"></span> R<span class=\"__1 _5\"></span>i<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>sgo-Bajo<span class=\"__1 _ef\"> </span><span class=\"ls2e\">58%<span class=\"__1 _6e\"> </span>34%</span>M<span class=\"__1 _70\"></span>e<span class=\"__1 _6\"></span>di<span class=\"__1 _6\"></span>o<span class=\"__1 _85\"> </span><span class=\"ls2e\">25%<span class=\"__1 _6e\"> </span>33%</span>M<span class=\"__1 _70\"></span>e<span class=\"__1 _6\"></span>di<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>-al<span class=\"__1 _6\"></span>to<span class=\"__1 _6e\"> </span><span class=\"ls2e\">15%<span class=\"__1 _6e\"> </span>26%</span>Al<span class=\"__1 _6\"></span>to<span class=\"__1 _f0\"> </span><span class=\"ls2e\">2%<span class=\"__1 _d7\"> </span>7%</span>Durante <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>a\u00f1os <span class=\"__1 _6\"></span>2023 <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>2022 la <span class=\"__1 _8\"></span>energ\u00eda generada, <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>acuerd<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>con <span class=\"__1 _6\"></span>el marco <span class=\"__1 _6\"></span>regulato<span class=\"__1 _6\"></span>rio el\u00e9ctrico <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>vigor,<span class=\"__1 _1bc\"> </span>se ha vendid<span class=\"__1 _6\"></span>o a trav\u00e9s del Mercado<span class=\"__1 _6\"></span> Ib\u00e9rico de Electricidad<span class=\"__1 _6\"></span> (MIBEL), cobrand<span class=\"__1 _6\"></span>o los ingresos del op<span class=\"__1 _6\"></span>erador del<span class=\"__1 _1bc\"> </span>mercado OMIE que cuenta con un <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>istema de garant\u00eda de <span class=\"__1 _5\"></span>pagos, y de <span class=\"__1 _5\"></span>la Comisi\u00f3n Nacional de <span class=\"__1 _5\"></span>los Mercados<span class=\"__1 _1bc\"> </span>y  la <span class=\"__1 _cb\"> </span>Competencia  (<span class=\"__1 _6\"></span>CNMC), <span class=\"__1 _cb\"> </span>ente  regulador <span class=\"__1 _cb\"> </span>de  los<span class=\"__1 _6\"></span>  m<span class=\"__1 _6\"></span>ercados <span class=\"__1 _cb\"> </span>energ\u00e9ticos  de  E<span class=\"__1 _6\"></span>spa\u00f1a, <span class=\"__1 _cb\"> </span>dependiente  del<span class=\"__1 _1bc\"> </span>Ministerio <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>Industria. Al <span class=\"__1 _70\"></span>tratarse <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>sald<span class=\"__1 _6\"></span>os <span class=\"__1 _70\"></span>soportados <span class=\"__1 _70\"></span>en \u00fa<span class=\"__1 _5\"></span>ltima <span class=\"__1 _70\"></span>instan<span class=\"__1 _6\"></span>cia <span class=\"__1 _70\"></span>por <span class=\"__1 _70\"></span>el <span class=\"__1 _5\"></span>estado <span class=\"__1 _70\"></span>espa\u00f1<span class=\"__1 _6\"></span>ol, <span class=\"__1 _70\"></span>la <span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>\u00e9rdida<span class=\"__1 _1bc\"> </span>esperada consid<span class=\"__1 _6\"></span>erada es nula.<span class=\"__1 _1bc\"> </span>Tesorer\u00eda<span class=\"__1 _1bc\"> </span>En relaci\u00f3n <span class=\"__1 _5\"></span>al ep\u00edgrafe<span class=\"__1 _5\"></span> \u201cEfectivo y <span class=\"__1 _5\"></span>oros me<span class=\"__1 _5\"></span>dios equivalente\u201d del Estado <span class=\"__1 _5\"></span>de Situaci\u00f3n <span class=\"__1 _5\"></span>Financiera consolidado,<span class=\"__1 _1bc\"> </span>el rating <span class=\"__1 _6\"></span>promedio de <span class=\"__1 _6\"></span>las contrapartes<span class=\"__1 _6\"></span> es <span class=\"__1 _6\"></span>el siguiente seg\u00fan<span class=\"__1 _6\"></span> la <span class=\"__1 _6\"></span>escala de la <span class=\"__1 _6\"></span>agencia <span class=\"__1 _6\"></span>de calificaci\u00f3n Stand<span class=\"__1 _6\"></span>ard<span class=\"__1 _1bc\"> </span>&amp; Poor\u00b4s:<span class=\"__1 _1bc\"> </span>5.3<span class=\"ff5\"> <span class=\"__1 _cc\"> </span></span><span class=\"fc3\">Riesgos de liquid<span class=\"__1 _5\"></span>ez y capita<span class=\"__1 _5\"></span>l<span class=\"__1 _1bc\"> </span></span>La <span class=\"__1 _6\"></span>exposici\u00f3n <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>situ<span class=\"__1 _6\"></span>aciones <span class=\"__1 _6\"></span>adversas <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>mercados<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>deuda <span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>capitales <span class=\"__1 _6\"></span>puede <span class=\"__1 _6\"></span>dific<span class=\"__1 _6\"></span>ultar <span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>impedir <span class=\"__1 _6\"></span>la<span class=\"__1 _1bc\"> </span>cobertura de <span class=\"__1 _5\"></span>las necesidades f<span class=\"__1 _70\"></span>inan<span class=\"__1 _6\"></span>cieras que <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>e re<span class=\"__1 _5\"></span>quieren para <span class=\"__1 _70\"></span>el desarrollo adecuado de <span class=\"__1 _70\"></span>las actividades del<span class=\"__1 _1bc\"> </span>Grupo y su<span class=\"__1 _6\"></span> Plan de Negocio futuro. La <span class=\"__1 _8\"></span>pol\u00edtica <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>liquidez <span class=\"__1 _8\"></span>seguida <span class=\"__1 _8\"></span>por <span class=\"__1 _8\"></span>ENCE <span class=\"__1 _6\"></span>est\u00e1<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>orienta<span class=\"__1 _6\"></span>da <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>garantizar <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>disponibilidad <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>fondos<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>necesarios<span class=\"__1 _1bc\"> </span>para <span class=\"__1 _c8\"> </span>as<span class=\"__1 _6\"></span>egurar <span class=\"__1 _c8\"> </span>el <span class=\"__1 _c8\"> </span>cu<span class=\"__1 _6\"></span>mplimiento <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c8\"> </span>las <span class=\"__1 _c6\"> </span>obligaciones <span class=\"__1 _c8\"> </span>adq<span class=\"__1 _6\"></span>uiridas <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c6\"> </span>el <span class=\"__1 _c8\"> </span>desarro<span class=\"__1 _6\"></span>llo <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"> </span>sus <span class=\"__1 _c6\"> </span>planes <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>negocio,<span class=\"__1 _1bc\"> </span>manteniendo en <span class=\"__1 _6\"></span>todo <span class=\"__1 _6\"></span>momento <span class=\"__1 _6\"></span>el nivel <span class=\"__1 _6\"></span>\u00f3ptimo d<span class=\"__1 _6\"></span>e re<span class=\"__1 _6\"></span>cursos<span class=\"__1 _6\"></span> l\u00edquidos<span class=\"__1 _6\"></span> y p<span class=\"__1 _6\"></span>rocurando la <span class=\"__1 _6\"></span>mayor eficiencia <span class=\"__1 _6\"></span>en la<span class=\"__1 _1bc\"> </span>gesti\u00f3n de los recurs<span class=\"__1 _6\"></span>os financieros.<span class=\"__1 _1bc\"> </span>Cada uno de los dos negocios de <span class=\"__1 _5\"></span>ENCE se financia y gestiona de manera <span class=\"__1 _5\"></span>individualizad<span class=\"__1 _6\"></span>a, teniendo en cuenta<span class=\"__1 _1bc\"> </span>sus caracter\u00edsticas<span class=\"__1 _6\"></span>, sin existir recursos o gara<span class=\"__1 _6\"></span>nt\u00edas sign<span class=\"__1 _6\"></span>ificativas entre a<span class=\"__1 _6\"></span>mbos.<span class=\"__1 _1bc\"> </span>Este <span class=\"__1 _6\"></span>es <span class=\"__1 _8\"></span>uno <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>riesgos <span class=\"__1 _8\"></span>que <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>siguen <span class=\"__1 _8\"></span>con <span class=\"__1 _6\"></span>mayor <span class=\"__1 _8\"></span>atenci\u00f3n <span class=\"__1 _6\"></span>por <span class=\"__1 _8\"></span>parte <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>ENCE, <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>par<span class=\"__1 _6\"></span>a el <span class=\"__1 _6\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _6\"></span>lleva <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>cabo<span class=\"__1 _1bc\"> </span>un <span class=\"__1 _c8\"></span>control <span class=\"__1 _4\"></span>y <span class=\"__1 _c8\"> </span>seguimiento <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"></span>sus <span class=\"__1 _4\"></span>n<span class=\"__1 _6\"></span>ecesidades <span class=\"__1 _c8\"></span>financieras <span class=\"__1 _4\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _c8\"></span>va <span class=\"__1 _4\"></span>desde <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c8\"></span>elaboraci\u00f3n <span class=\"__1 _4\"></span>de <span class=\"__1 _c8\"> </span>prevision<span class=\"__1 _6\"></span>es <span class=\"__1 _4\"></span>de<span class=\"__1 _1bc\"> </span>tesorer\u00eda <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>la plan<span class=\"__1 _6\"></span>ificaci\u00f3n <span class=\"__1 _6\"></span>financiera <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>acompa\u00f1a <span class=\"__1 _8\"></span>a los <span class=\"__1 _6\"></span>presupuestos <span class=\"__1 _6\"></span>anuales <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>plan estrat\u00e9gico<span class=\"__1 _8\"></span>. <span class=\"__1 _6\"></span>ENCE<span class=\"__1 _1bc\"> </span>mantiene <span class=\"__1 _70\"></span>fuentes <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>financiaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>diversificadas y <span class=\"__1 _70\"></span>estables, <span class=\"__1 _70\"></span>todo <span class=\"__1 _70\"></span>ello <span class=\"__1 _5\"></span>en <span class=\"__1 _70\"></span>el <span class=\"__1 _5\"></span>marco <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>una <span class=\"__1 _5\"></span>estructura <span class=\"__1 _70\"></span>financiera<span class=\"__1 _1bc\"> </span>que resulta compatib<span class=\"__1 _6\"></span>le con el nivel de calificac<span class=\"__1 _6\"></span>i\u00f3n creditici<span class=\"__1 _6\"></span>a actu<span class=\"__1 _6\"></span>al.<span class=\"__1 _1bc\"> </span>En <span class=\"__1 _8\"></span>este <span class=\"__1 _8\"></span>sentido,<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>Grupo <span class=\"__1 _8\"></span>dis<span class=\"__1 _6\"></span>pone <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>un <span class=\"__1 _8\"></span>sis<span class=\"__1 _6\"></span>tema <span class=\"__1 _8\"></span>global <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>con<span class=\"__1 _6\"></span>trol <span class=\"__1 _8\"></span>econ\u00f3mico <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>resupuestario <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>ara <span class=\"__1 _8\"></span>cada<span class=\"__1 _1bc\"> </span>negocio, <span class=\"__1 _5\"></span>adaptado<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>a cada <span class=\"__1 _5\"></span>actividad, que <span class=\"__1 _70\"></span>prop<span class=\"__1 _6\"></span>orciona la <span class=\"__1 _70\"></span>informaci\u00f3n necesaria <span class=\"__1 _70\"></span>a los <span class=\"__1 _70\"></span>resp<span class=\"__1 _6\"></span>onsables de <span class=\"__1 _70\"></span>negocio<span class=\"__1 _1bc\"> </span>y les permite controlar los<span class=\"__1 _6\"></span> riesgos <span class=\"__1 _6\"></span>potenciales y<span class=\"__1 _6\"></span> adoptar las decisiones d<span class=\"__1 _6\"></span>e gesti\u00f3n m\u00e1s adecuadas<span class=\"__1 _6\"></span>. En coherencia con esta pol\u00edtica de prudencia financiera <span class=\"__1 _5\"></span>ENCE mantiene al 31 de <span class=\"__1 _5\"></span>diciembre de 2023 recursos<span class=\"__1 _1bc\"> </span>en ef<span class=\"__1 _5\"></span>ectivo y <span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span>tros instrumentos <span class=\"__1 _5\"></span>financieros l\u00edquidos <span class=\"__1 _70\"></span>y l\u00edneas de <span class=\"__1 _70\"></span>cr\u00e9dito no <span class=\"__1 _5\"></span>dispuesta<span class=\"__1 _6\"></span>s suficie<span class=\"__1 _5\"></span>ntes para cubrir<span class=\"__1 _1bc\"> </span>ampliamente todas<span class=\"__1 _6\"></span> sus obligaciones a corto<span class=\"__1 _6\"></span> plazo<span class=\"__1 _6\"></span> (v\u00e9anse Notas 27 <span class=\"__1 _6\"></span>y 28).<span class=\"__1 _1bc\"> </span>Asimismo, <span class=\"__1 _c6\"> </span>se <span class=\"__1 _c6\"> </span>ha <span class=\"__1 _ca\"> </span>establecido <span class=\"__1 _c6\"> </span>u<span class=\"__1 _6\"></span>n <span class=\"__1 _c6\"> </span>nivel <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>end<span class=\"__1 _6\"></span>eudamiento <span class=\"__1 _c6\"> </span>neto <span class=\"__1 _c6\"> </span>o<span class=\"__1 _6\"></span>bjetivo <span class=\"__1 _c6\"> </span>adapta<span class=\"__1 _6\"></span>do <span class=\"__1 _c6\"> </span>al <span class=\"__1 _c6\"> </span>p<span class=\"__1 _6\"></span>erfil <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c6\"> </span>potencial<span class=\"__1 _1bc\"> </span>volatilidad <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>ingresos <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>distintos <span class=\"__1 _8\"></span>negocios <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>Grupo. <span class=\"__1 _8\"></span>En <span class=\"__1 _8\"></span>este <span class=\"__1 _8\"></span>sentido <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>icho <span class=\"__1 _8\"></span>nivel <span class=\"__1 _6\"></span>objetivo <span class=\"__1 _8\"></span>para <span class=\"__1 _8\"></span>el<span class=\"__1 _1bc\"> </span>2023<span class=\"__1 _53\"> </span>2022<span class=\"__1 _1bc\"> </span>Rating-<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _f1\"> </span><span class=\"ls2f\">50%<span class=\"__1 _8b\"> </span>60%<span class=\"__1 _1bc\"> </span></span>BBB<span class=\"__1 _f2\"> </span><span class=\"ls2f\">42%<span class=\"__1 _8b\"> </span>24%<span class=\"__1 _1bc\"> </span></span>BB<span class=\"__1 _f3\"> </span><span class=\"ls2f\">8%<span class=\"__1 _4a\"> </span>16%<span class=\"__1 _1bc\"> </span></span>Negocio <span class=\"__1 _c8\"> </span>Celulosa <span class=\"__1 _c6\"> </span>se <span class=\"__1 _c8\"> </span>ha <span class=\"__1 _c8\"> </span>estab<span class=\"__1 _6\"></span>lecido <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c8\"> </span>2,5 <span class=\"__1 _c8\"> </span>ve<span class=\"__1 _6\"></span>ces <span class=\"__1 _c8\"></span>el <span class=\"__1 _c8\"></span>resultad<span class=\"__1 _6\"></span>o <span class=\"__1 _c8\"> </span>bruto <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"></span>explotaci\u00f3n <span class=\"__1 _c8\"> </span>(EBITDA) <span class=\"__1 _c6\"> </span>recurrente<span class=\"__1 _1bc\"> </span>considerando  un  precio <span class=\"__1 _c6\"> </span>de  la  celulosa <span class=\"__1 _ca\"> </span>y  del <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>\u00f3lar  medios <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>el  cic<span class=\"__1 _5\"></span>lo,  y <span class=\"__1 _ca\"> </span>de  4-5  veces  e<span class=\"__1 _5\"></span>n  el <span class=\"__1 _c6\"> </span>Negocio  de<span class=\"__1 _1bc\"> </span>Renovables. La  deuda  finan<span class=\"__1 _6\"></span>ciera  neta  y <span class=\"__1 _cb\"> </span>el  EBITDA  son  magnitud<span class=\"__1 _6\"></span>es  no<span class=\"__1 _6\"></span>  desglosadas<span class=\"__1 _6\"></span>  en  los <span class=\"__1 _cb\"> </span>estados  financieros.  Su<span class=\"__1 _1bc\"> </span>cuantificaci\u00f3n <span class=\"__1 _6\"></span>as\u00ed como <span class=\"__1 _6\"></span>su <span class=\"__1 _6\"></span>reconciliaci\u00f3n con<span class=\"__1 _6\"></span> los<span class=\"__1 _6\"></span> estados <span class=\"__1 _6\"></span>financieros se <span class=\"__1 _6\"></span>detallan <span class=\"__1 _6\"></span>en el <span class=\"__1 _6\"></span>Anexo I <span class=\"__1 _6\"></span>al Informe <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span>Gesti\u00f3n <span class=\"__1 _6\"></span>sob<span class=\"__1 _6\"></span>re <span class=\"__1 _6\"></span>Actividad <span class=\"__1 _8\"></span>del <span class=\"__1 _6\"></span>G<span class=\"__1 _6\"></span>rupo <span class=\"__1 _6\"></span>en<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>2023. <span class=\"__1 _6\"></span>El <span class=\"__1 _8\"></span>endeudamiento<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>neto <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>egocios <span class=\"__1 _6\"></span>al <span class=\"__1 _8\"></span>31 <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>diciembr<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span>2023 y 2022 calculado<span class=\"__1 _6\"></span> como \u201cdeud<span class=\"__1 _6\"></span>a financiera neta / EBITD<span class=\"__1 _6\"></span>A\u201d es el siguiente:<span class=\"__1 _1bc\"> </span>La informaci\u00f3n <span class=\"__1 _5\"></span>relativa al <span class=\"__1 _70\"></span>an<span class=\"__1 _6\"></span>\u00e1lisis de <span class=\"__1 _70\"></span>los vencimie<span class=\"__1 _5\"></span>ntos de los <span class=\"__1 _70\"></span>pasiv<span class=\"__1 _6\"></span>os f<span class=\"__1 _5\"></span>inancieros a <span class=\"__1 _70\"></span>q<span class=\"__1 _6\"></span>ue hace<span class=\"__1 _5\"></span> referencia la <span class=\"__1 _70\"></span>N<span class=\"__1 _6\"></span>IIF<span class=\"__1 _1bc\"> </span>7 se encuentra recogida en la<span class=\"__1 _6\"></span> Nota 28 <span class=\"__1 _6\"></span>de esta memoria.<span class=\"__1 _1bc\"> </span>Mill<span class=\"__1 _5\"></span>ones \u20ac<span class=\"__1 _1bc\"> </span>2023<span class=\"__1 _25\"> </span>2022<span class=\"__1 _25\"> </span>2023<span class=\"__1 _25\"> </span>2022<span class=\"__1 _1bc\"> </span>D<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>uda financ<span class=\"__1 _5\"></span>ie<span class=\"__1 _5\"></span>ra ne<span class=\"__1 _5\"></span>ta<span class=\"__1 _1bc\"> </span>18<span class=\"__1 _6\"></span>6,1<span class=\"__1 _101\"> </span>(36<span class=\"__1 _6\"></span>,1)<span class=\"__1 _1bc\"> </span>93<span class=\"__1 _6\"></span>,5<span class=\"__1 _ee\"> </span>6,1<span class=\"__1 _1bc\"> </span>EB<span class=\"__1 _70\"></span>ITD<span class=\"__1 _70\"></span>A<span class=\"__1 _f4\"> </span>46<span class=\"__1 _6\"></span>,2<span class=\"__1 _5a\"> </span>1<span class=\"__1 _6\"></span>37<span class=\"__1 _6\"></span>,7<span class=\"__1 _f5\"> </span>43<span class=\"__1 _6\"></span>,1<span class=\"__1 _5a\"> </span>1<span class=\"__1 _6\"></span>09<span class=\"__1 _6\"></span>,8<span class=\"__1 _1bc\"> </span>Ra<span class=\"__1 _5\"></span>tio De<span class=\"__1 _5\"></span>uda ne<span class=\"__1 _70\"></span>t<span class=\"__1 _6\"></span>a /EBI<span class=\"__1 _5\"></span>TD<span class=\"__1 _70\"></span>A<span class=\"__1 _1bc\"> </span>4,0<span class=\"__1 _41\"> </span>(<span class=\"__1 _5\"></span>0,3)<span class=\"__1 _1bc\"> </span>2,2<span class=\"__1 _ee\"> </span>0,1<span class=\"__1 _1bc\"> </span>Negoci<span class=\"__1 _5\"></span>o Celulo<span class=\"__1 _5\"></span>saNegoci<span class=\"__1 _5\"></span>o Re<span class=\"__1 _6\"></span>nova<span class=\"__1 _70\"></span>bles<span class=\"__1 _1bc\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-548": {
   "value": "5.1  Riesgos de mercado El riesgo de mercado es la p\u00e9rdida potencial ante movimientos adversos en las variables de mercado. El Grupo est\u00e1 expuesto a diversos tipos de riesgos de mercado: de precio de venta de la celulosa y la energ\u00eda renovable, de tipo de cambio, de tipo de inter\u00e9s, de regulaci\u00f3n, y de precio de las materias primas utilizadas en los procesos productivos. ENCE realiza un seguimiento de la exposici\u00f3n al riesgo de mercado en t\u00e9rminos de sensibilidades. Estas se complementan con otras medidas de gesti\u00f3n del riesgo en aquellas ocasiones en las que la naturaleza de las posiciones de riesgo as\u00ed lo requiere, entre ellas, el establecimiento de l\u00edmites m\u00e1ximos de riesgo, que son definidos por el Comit\u00e9 de Direcci\u00f3n. Precio de la celulosa El  precio  de  la  celulosa  BEKP  se  establece  en  un  mercado  activo  y  su  evoluci\u00f3n  determina  de  forma significativa el volumen de ingresos y la rentabilidad del Grupo. Las variaciones del precio de la pasta de celulosa modifican los flujos de efectivo obtenidos por su venta. Adicionalmente, el precio de la celulosa tiene un marcado car\u00e1cter c\u00edclico habiendo experimentado una considerable volatilidad en los \u00faltimos a\u00f1os. Este comportamiento del precio est\u00e1 asociado principalmente a cambios en los vol\u00famenes o condiciones en los que se establecen la oferta y la demanda, y a la situaci\u00f3n financiera de los distintos operadores del mercado. Para mitigar este riesgo el Grupo ha acometido en los \u00faltimos a\u00f1os importantes inversiones orientadas a reducir sus costes de producci\u00f3n, incrementar la productividad y calidad del producto comercializado, as\u00ed como diversificar en productos con caracter\u00edsticas especiales y alto valor a\u00f1adido. Asimismo, se eval\u00faa de forma continua la posibilidad de utilizaci\u00f3n de coberturas sobre el precio de la pasta para las ventas futuras, si bien, la oferta de estos instrumentos de cobertura es limitada. La sensibilidad en el resultado de explotaci\u00f3n y el patrimonio neto (antes de impuestos) a variaciones en el precio de venta de la celulosa se detalla a continuaci\u00f3n: Precio de la energ\u00eda renovable y regulaci\u00f3n En lo que se refiere al precio de la energ\u00eda renovable vendida por ENCE en el mercado el\u00e9ctrico espa\u00f1ol, el Real Decreto 413/2014 por el que se regula  la  actividad  de producci\u00f3n de energ\u00eda el\u00e9ctrica  a  partir  de fuentes de energ\u00eda renovable,  cogeneraci\u00f3n y residuos  asegura  a las instalaciones  acogidas al R\u00e9gimen Retributivo Especial que tienen retribuci\u00f3n a la inversi\u00f3n, una rentabilidad m\u00ednima del 7,398% a lo largo de su vida regulatoria y hasta 2031 (v\u00e9ase Nota 9 y Anexo III), eliminando as\u00ed gran parte de las incertidumbres asociadas a la revisi\u00f3n del resto de par\u00e1metros retributivos, al garantizar el retorno para las instalaciones sujetas a dicho r\u00e9gimen retributivo. ENCE hace un seguimiento pormenorizado de los cambios regulatorios a fin de recoger adecuadamente su impacto en los estados financieros, as\u00ed como en la evoluci\u00f3n de potenciales inversiones. El Grupo comercializa toda la energ\u00eda generada con destino a terceros a trav\u00e9s del OMEL. Adicionalmente, toda la capacidad de producci\u00f3n de ENCE en el mercado el\u00e9ctrico se encuentra sujeta a retribuci\u00f3n regulada. Suministro de madera La madera de eucalipto es el principal insumo en la producci\u00f3n de pasta de celulosa y su precio est\u00e1 sujeto a fluctuaciones derivadas de cambios en el equilibrio entre la oferta y la demanda en las zonas donde se ubican las biof\u00e1bricas de producci\u00f3n de celulosa. El riesgo derivado de una oferta insuficiente es mitigado principalmente a trav\u00e9s de la gesti\u00f3n del stock, la diversificaci\u00f3n  de  fuentes  de  suministro,  incluyendo,  de  forma  excepcional,  el  acceso  a  mercados internacionales alternativos, que incorporan un mayor coste log\u00edstico. La sensibilidad en el resultado de explotaci\u00f3n y el patrimonio neto (antes de impuestos) a variaciones en el precio de la madera de eucalipto con destino celulosa se detalla a continuaci\u00f3n: Miles \u20ac Variaci\u00f3n Precio Celulosa resultado explotaci\u00f3n (-)/+ patrimonio neto (-)/+ 2023 Incremento 5% 28.280 28.280 Reducci\u00f3n 5% (28.280) (28.280) 2022 Incremento 5% 31.274 31.274 Reducci\u00f3n 5% (31.274) (31.274)  Tipo de cambio  Las ventas de celulosa del Grupo se realizan principalmente en el mercado europeo, si bien, los ingresos  provenientes de esta actividad se ven afectados por el tipo de cambio USD/EUR al estar denominado el  precio de venta de referencia de la celulosa en el mercado internacional en USD. En la medida en que la  moneada  funcional,  la  estructura  de  costes,  y  la  estructura  financiera  del  Grupo  est\u00e1n  denominadas  principalmente en euros, las fluctuaciones en el tipo de cambio entre el d\u00f3lar y el euro afectan de forma  significativa a los resultados del Grupo.  Para  gestionar  y  minimizar  este  riesgo,  ENCE  realiza  un  seguimiento  permanente  de  su  exposici\u00f3n  a  fluctuaciones del tipo de cambio as\u00ed como de las previsiones de evoluci\u00f3n del tipo de cambio USD/EUR, y  en ocasiones, utiliza estrategias de cobertura.  Los  activos  y  pasivos  del  grupo  expresados en  moneda  extranjera  al  31  de  diciembre  de 2023  y  2022,  mayoritariamente en USD, son los siguientes:   La sensibilidad del resultado de explotaci\u00f3n y del patrimonio neto (antes de impuestos), a las apreciaciones  o depreciaciones del d\u00f3lar frente al euro se detalla a continuaci\u00f3n:   Tipo de inter\u00e9s  Miles \u20ac Variaci\u00f3n  Precio Madera Efecto en  resultado  explotaci\u00f3n  (-)/+ Efecto en  patrimonio  neto (-)/+ 2023 Incremento 5% (12.280) (12.280) Reducci\u00f3n 5% 12.280 12.280 2022 Incremento 5% (10.863) (10.863) Reducci\u00f3n 5% 10.863 10.863 Miles \u20ac2023 2022Efectivo 14.102 9.625Cuentas por cobrar 26.395 20.870Cuentas por pagar (4.060) (10.524)36.437 19.971Miles \u20acVariaci\u00f3n Tipo Cambio US$/\u20acEfecto en resultado explotaci\u00f3n (-)/+Efecto en patrimonio neto(-)/+2023 Apreciaci\u00f3n 5% 25.610 25.610Depreciaci\u00f3n 5% (25.415) (25.415)2022 Apreciaci\u00f3n 5% 28.786 28.786Depreciaci\u00f3n 5% (29.187) (29.187)Las variaciones en los tipos de inter\u00e9s pueden afectar al ingreso o gasto por intereses de los activos y pasivos financieros referenciados a un tipo de inter\u00e9s variable, pudiendo modificar tambi\u00e9n el valor razonable de los activos y pasivos financieros contratados a tipo de inter\u00e9s fijo. Adicionalmente, estas variaciones pueden afectar al  valor  en  libros de activos  y  pasivos  por  variaci\u00f3n  de  las  tasas  de  descuento  de  flujos  de caja aplicables, a la rentabilidad de las inversiones y al coste futuro de captaci\u00f3n de recursos financieros. El  endeudamiento  de  ENCE  proviene  de  aquellos  instrumentos  financieros  m\u00e1s  competitivos  en  cada momento, tanto de mercados de capitales como bancarios, y de acuerdo a las condiciones de mercado que sean  \u00f3ptimas  en  cada  uno  de  ellos.  As\u00ed  mismo,  ENCE  mitiga  este  riesgo  a  trav\u00e9s de  la  contrataci\u00f3n  de derivados de tipo de inter\u00e9s que intercambian flujos variables por fijos. La estructura de la deuda financiera a 31 de diciembre de 2023 y 2022, una vez consideradas las coberturas contratadas, es la siguiente: La sensibilidad del resultado de explotaci\u00f3n y del patrimonio neto (antes de impuestos), a una variaci\u00f3n en 50 puntos b\u00e1sicos en el tipo de inter\u00e9s se detalla a continuaci\u00f3n: Negocio Celulosa Negocio RenovablesMiles \u20ac 2023 2022 2023 2022Tipo inter\u00e9s fijo 234.500 100.300 111.371 134.038Tipo inter\u00e9s Variable 179.047 58.000 11.612 16.012Comisiones e intereses 1.401 647 (467) (1.071)Total deuda financiera (Nota 28) 414.948 158.947 122.516 148.979Miles \u20acVariaci\u00f3nTipo Inter\u00e9sEfecto enresultado antesimpuestos (-)/+Efecto enpatrimonioneto(-)/+2023Incremento 50 pb(1.318) 767Descenso 50 pb 1.318 (767)2022Incremento 50 pb(178) 415Descenso 50 pb 178 (415)",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-512": {
   "value": "5.2<span class=\"ff5\"> <span class=\"__1 _cc\"> </span></span><span class=\"fc3\">Riesgo de Cr\u00e9d<span class=\"__1 _5\"></span>ito<span class=\"__1 _1bc\"> </span></span><span class=\"fc3\"> </span>El <span class=\"__1 _5\"></span>riesgo <span class=\"__1 _5\"></span>de <span class=\"__1 _5\"></span>cr\u00e9dito <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>efine como <span class=\"__1 _70\"></span>la posibilidad de <span class=\"__1 _70\"></span>que un <span class=\"__1 _5\"></span>tercero <span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>o <span class=\"__1 _5\"></span>cumpla con <span class=\"__1 _70\"></span>sus<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>obligaciones de <span class=\"__1 _70\"></span>pago,<span class=\"__1 _1bc\"> </span> originando <span class=\"__1 _4\"></span>con <span class=\"__1 _8\"></span>ello <span class=\"__1 _8\"></span>p\u00e9rdidas<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>cre<span class=\"__1 _5\"></span>diticias. <span class=\"__1 _4\"></span>Este <span class=\"__1 _8\"></span>riesgo, <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>su <span class=\"__1 _8\"></span>mayo<span class=\"__1 _6\"></span>r <span class=\"__1 _8\"></span>parte, <span class=\"__1 _4\"></span>se <span class=\"__1 _8\"></span>eval\u00faa <span class=\"__1 _8\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>con<span class=\"__1 _6\"></span>trola <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>n <span class=\"__1 _8\"></span>EN<span class=\"__1 _6\"></span>CE <span class=\"__1 _8\"></span>de<span class=\"__1 _1bc\"> </span> forma individualizad<span class=\"__1 _6\"></span>a para cada cliente.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> El <span class=\"__1 _6\"></span>Grupo <span class=\"__1 _6\"></span>eval\u00faa <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>forma <span class=\"__1 _6\"></span>peri\u00f3dica <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>existencia <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>eviden<span class=\"__1 _6\"></span>cias <span class=\"__1 _6\"></span>objetiv<span class=\"__1 _6\"></span>as d<span class=\"__1 _6\"></span>e d<span class=\"__1 _6\"></span>eterioro d<span class=\"__1 _6\"></span>e valor <span class=\"__1 _6\"></span>desp<span class=\"__1 _6\"></span>u\u00e9s d<span class=\"__1 _6\"></span>el<span class=\"__1 _1bc\"> </span> reconocimiento <span class=\"__1 _70\"></span>inicial<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>un <span class=\"__1 _70\"></span>a<span class=\"__1 _6\"></span>ctivo <span class=\"__1 _70\"></span>financiero. <span class=\"__1 _70\"></span>Entre <span class=\"__1 _70\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>fact<span class=\"__1 _6\"></span>ores <span class=\"__1 _70\"></span>considerado<span class=\"__1 _6\"></span>s <span class=\"__1 _70\"></span>en <span class=\"__1 _70\"></span>dicha <span class=\"__1 _70\"></span>evalu<span class=\"__1 _6\"></span>aci\u00f3n <span class=\"__1 _70\"></span>destacan;<span class=\"__1 _1bc\"> </span> la <span class=\"__1 _6\"></span>cu<span class=\"__1 _6\"></span>ant\u00eda <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>deuda <span class=\"__1 _8\"></span>pendie<span class=\"__1 _6\"></span>nte <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>cobro <span class=\"__1 _8\"></span>por <span class=\"__1 _8\"></span>cliente, <span class=\"__1 _4\"></span>las <span class=\"__1 _6\"></span>cob<span class=\"__1 _6\"></span>erturas <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>eguro <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>cr<span class=\"__1 _6\"></span>\u00e9dito <span class=\"__1 _8\"></span>dispon<span class=\"__1 _6\"></span>ibles, <span class=\"__1 _8\"></span>la<span class=\"__1 _1bc\"> </span> antig\u00fcedad <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>euda, <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c6\"> </span>existen<span class=\"__1 _6\"></span>cia <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>situacio<span class=\"__1 _6\"></span>nes <span class=\"__1 _c6\"> </span>concurs<span class=\"__1 _6\"></span>ales, <span class=\"__1 _c6\"> </span>y  las <span class=\"__1 _c6\"> </span>conclusion<span class=\"__1 _6\"></span>es <span class=\"__1 _c8\"> </span>de <span class=\"__1 _ca\"> </span>los <span class=\"__1 _c6\"> </span>an\u00e1lisis<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>de<span class=\"__1 _1bc\"> </span> solvencia realizado<span class=\"__1 _6\"></span>s sobre los<span class=\"__1 _6\"></span> clientes.<span class=\"__1 _1bc\"> </span> Deudores comerciales y <span class=\"__1 _6\"></span>otras cuen<span class=\"__1 _6\"></span>tas a cobrar<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> Los s<span class=\"__1 _6\"></span>aldos comerciales <span class=\"__1 _6\"></span>se reflejan <span class=\"__1 _6\"></span>en el <span class=\"__1 _6\"></span>Estad<span class=\"__1 _6\"></span>o de <span class=\"__1 _6\"></span>Situaci\u00f3n Financiera <span class=\"__1 _6\"></span>consolida<span class=\"__1 _6\"></span>do netos <span class=\"__1 _6\"></span>de deterioro. <span class=\"__1 _6\"></span>Los<span class=\"__1 _1bc\"> </span> deterioros <span class=\"__1 _4\"></span>acumulados <span class=\"__1 _8\"></span>regist<span class=\"__1 _6\"></span>rados <span class=\"__1 _4\"></span>al <span class=\"__1 _8\"></span>31 <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>dicie<span class=\"__1 _6\"></span>mbre <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>2023 <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>2022 <span class=\"__1 _4\"></span>ascienden <span class=\"__1 _8\"></span>a <span class=\"__1 _4\"></span>4.<span class=\"__1 _6\"></span>050 <span class=\"__1 _8\"></span><span class=\"ff6\">mil<span class=\"__1 _6\"></span>es <span class=\"__1 _8\"></span>\u20ac <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>4.302<span class=\"__1 _1bc\"> </span></span><span class=\"ff6\"> </span><div class=\"c_1 w2_1 h58 gs9e\"><div class=\"t_1 m0_1 x59 h8_1 y1ef ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">miles <span class=\"__1 _c8\"> </span>\u20ac, <span class=\"__1 _ca\"> </span>respectivamente. <span class=\"__1 _c6\"> </span>En<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>el <span class=\"__1 _c8\"> </span>s<span class=\"__1 _6\"></span>iguiente <span class=\"__1 _c6\"> </span>cuad<span class=\"__1 _6\"></span><span class=\"ff4\">ro <span class=\"__1 _c6\"> </span>se <span class=\"__1 _c6\"> </span>detalla <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c6\"> </span>antig\u00fc<span class=\"__1 _6\"></span>edad <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c6\"> </span>deuda <span class=\"__1 _c6\"> </span>comercial <span class=\"__1 _c6\"> </span>y <span class=\"__1 _c6\"> </span>los<span class=\"__1 _1bc\"> </span></span><span class=\"ff4\"><span class=\"__1 _6\"></span> </span></div><div class=\"t_1 m0_1 x59 h8_1 y1f0 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">deterioros registrados<span class=\"__1 _6\"></span> (incluye p\u00e9rdida esp<span class=\"__1 _6\"></span>erada):<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x70 h8_1 y5a4 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x59 h8_1 y5a5 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ENCE <span class=\"__1 _4\"></span>cuenta <span class=\"__1 _4\"></span>con<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>sistemas <span class=\"__1 _4\"></span>prop<span class=\"__1 _6\"></span>ios <span class=\"__1 _4\"></span>para <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>evalu<span class=\"__1 _6\"></span>aci\u00f3n <span class=\"__1 _4\"></span>crediticia <span class=\"__1 _4\"></span>permanente <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>todos <span class=\"__1 _c8\"></span>sus <span class=\"__1 _4\"></span>deudores <span class=\"__1 _4\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>la<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x59 h8_1 y5a6 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">determinaci\u00f3n de l\u00edmites de riesgo por contrap<span class=\"__1 _6\"></span>arte, que se basan en informaci\u00f3n de solvencia disponib<span class=\"__1 _6\"></span>le, y<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x59 h8_1 y5a7 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">en <span class=\"__1 _70\"></span>los <span class=\"__1 _70\"></span>an\u00e1lisis<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>evaluaci\u00f3n <span class=\"__1 _70\"></span>cr<span class=\"__1 _6\"></span>editicia <span class=\"__1 _70\"></span>realizados<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>por <span class=\"__1 _70\"></span>entidades<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>seguro <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>cr\u00e9dito <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>recon<span class=\"__1 _6\"></span>ocido <span class=\"__1 _70\"></span>prestigio.<span class=\"__1 _1bc\"> </span><span class=\"__1 _8\"></span> </div><div class=\"t_1 m0_1 x59 h8_1 y3b2 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ENCE Celulosa<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x59 h8_1 y5a8 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Este <span class=\"__1 _8\"></span>negocio <span class=\"__1 _8\"></span>concentra <span class=\"__1 _4\"></span>saldos <span class=\"__1 _6\"></span>a <span class=\"__1 _4\"></span>cobrar <span class=\"__1 _6\"></span>recogidos<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>ep\u00edgrafe <span class=\"__1 _8\"></span>\u201cDeud<span class=\"__1 _6\"></span><span class=\"ff4\">ores <span class=\"__1 _8\"></span>comerc<span class=\"__1 _6\"></span>iales <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>otras <span class=\"__1 _4\"></span>cuenta<span class=\"__1 _5\"></span>s <span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span></span><span class=\"ff4\"> </span></div><div class=\"t_1 m0_1 x59 h8_1 y5a9 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">cobrar\u201d por importe d<span class=\"__1 _6\"></span>e <span class=\"ff4\">37.290 </span>miles \u20ac, d<span class=\"__1 _6\"></span>eteriorados<span class=\"__1 _6\"></span> <span class=\"ff4\">de forma acumulada <span class=\"__1 _6\"></span>en 3.884 <span class=\"__1 _6\"></span></span>miles \u20ac.<span class=\"__1 _1bc\"> </span><span class=\"ff4\"> </span></div><div class=\"t_1 m0_1 x59 h8_1 y5aa ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"__1 _4\"></span>riesgo <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>r\u00e9dito <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>distribuye <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>200<span class=\"__1 _6\"></span>-300 <span class=\"__1 _4\"></span>clientes <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>otras <span class=\"__1 _4\"></span>contrapartes. <span class=\"__1 _4\"></span>La <span class=\"__1 _4\"></span>concentraci\u00f3n <span class=\"__1 _4\"></span>m\u00e1xima <span class=\"__1 _4\"></span>de<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x59 h8_1 y5ab ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">riesgo con un t<span class=\"__1 _6\"></span>ercero en 2023<span class=\"__1 _6\"></span> y 2022 es del 10% de las v<span class=\"__1 _6\"></span>entas<span class=\"__1 _6\"></span> de celulosa.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x59 h8_1 y5ac ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Para <span class=\"__1 _4\"></span>mitigar <span class=\"__1 _4\"></span>este <span class=\"__1 _4\"></span>riesgo, <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>opera <span class=\"__1 _4\"></span>con <span class=\"__1 _4\"></span>clientes<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>con <span class=\"__1 _4\"></span>un <span class=\"__1 _4\"></span>histo<span class=\"__1 _6\"></span>rial <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>cr\u00e9dito <span class=\"__1 _4\"></span>sin <span class=\"__1 _4\"></span>ins<span class=\"__1 _6\"></span>olvencias <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>alta <span class=\"__1 _4\"></span>calid<span class=\"__1 _6\"></span>ad<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x59 h8_1 y5ad ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">crediticia, <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>sigue <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>ol\u00edtica <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>vender <span class=\"__1 _8\"></span>mayoritariamente <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>clientes <span class=\"__1 _4\"></span>que <span class=\"__1 _6\"></span>disp<span class=\"__1 _6\"></span>onen <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>cobertura <span class=\"__1 _8\"></span>po<span class=\"__1 _8\"></span>r <span class=\"__1 _8\"></span>los<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x59 h8_1 y5ae ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">programas <span class=\"__1 _c9\"> </span>de <span class=\"__1 _c9\"> </span>seguro <span class=\"__1 _c9\"> </span>de <span class=\"__1 _cb\"> </span>cr\u00e9dito<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>contratados <span class=\"__1 _c9\"> </span>por <span class=\"__1 _c9\"> </span>ENCE,<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>los <span class=\"__1 _c9\"> </span>cuales <span class=\"__1 _c9\"> </span>proporcionan <span class=\"__1 _c9\"> </span>una <span class=\"__1 _c9\"> </span>cobertura <span class=\"__1 _c9\"> </span>de<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x59 h8_1 y5af ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">aproximadamente <span class=\"__1 _cb\"> </span><span class=\"ls1c\">el</span> <span class=\"__1 _cb\"> </span>90% <span class=\"__1 _cb\"> </span>del <span class=\"__1 _cb\"> </span>importe <span class=\"__1 _cb\"> </span>facturado. <span class=\"__1 _cb\"> </span>Estas <span class=\"__1 _cb\"> </span>medidas <span class=\"__1 _cb\"> </span>se <span class=\"__1 _cb\"> </span>complem<span class=\"__1 _5\"></span>entan <span class=\"__1 _cb\"> </span>con <span class=\"__1 _cb\"> </span>la <span class=\"__1 _cb\"> </span>ejecuci\u00f3n,<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x59 h8_1 y5b0 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">peri\u00f3dicamente, <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>an\u00e1lisis <span class=\"__1 _4\"></span>espec\u00edficos <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>solvencia <span class=\"__1 _4\"></span>financiera <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>principales <span class=\"__1 _4\"></span>clientes <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>Grupo, <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>la<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x59 h8_1 y5b1 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">inclusi\u00f3n,  en  determinadas  situaciones,  de  cl\u00e1usulas  espec\u00edficas  en  los  con<span class=\"__1 _5\"></span>tratos  de  venta  dirigidas  a<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x59 h8_1 y5b2 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">garantizar el cobro.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x59 h8_1 y5b3 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">La <span class=\"__1 _6\"></span>calificaci\u00f3n <span class=\"__1 _6\"></span>crediticia <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e n<span class=\"__1 _6\"></span>uestros <span class=\"__1 _6\"></span>clientes <span class=\"__1 _6\"></span>con <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>aldos <span class=\"__1 _6\"></span>pendientes <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>cobro <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>31 <span class=\"__1 _6\"></span>d<span class=\"__1 _8\"></span>e di<span class=\"__1 _6\"></span>ciembre <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>2023 <span class=\"__1 _6\"></span>y<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x59 h8_1 y5b4 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2022, considerando la<span class=\"__1 _6\"></span> evaluaci\u00f3n realizada <span class=\"__1 _6\"></span>por nuestras as<span class=\"__1 _6\"></span>eguradoras es la siguient<span class=\"__1 _6\"></span>e:<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x26 h8_1 y5b5 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x59 h8_1 y5b6 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ENCE Renovab<span class=\"__1 _6\"></span>les<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x59 h8_1 y5b7 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Este <span class=\"__1 _8\"></span>negocio <span class=\"__1 _8\"></span>concentra <span class=\"__1 _4\"></span>saldos <span class=\"__1 _6\"></span>a <span class=\"__1 _4\"></span>cobrar <span class=\"__1 _8\"></span><span class=\"ff6\">recogidos <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>ep\u00edgrafe <span class=\"__1 _8\"></span>\u201cDeudor<span class=\"__1 _6\"></span>es <span class=\"__1 _8\"></span>comerciales <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>otras<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>cuentas <span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span></span><span class=\"ff6\"> </span></div><div class=\"t_1 m0_1 x59 h8_1 y5b8 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">cobrar\u201d por importe d<span class=\"__1 _6\"></span>e <span class=\"ff4\">5.474 <span class=\"__1 _6\"></span></span>miles \u20ac, deteriorados <span class=\"__1 _6\"></span><span class=\"ff4\">de forma acu<span class=\"__1 _6\"></span>mulada en <span class=\"__1 _6\"></span><span class=\"ls12\">166</span> </span>miles \u20ac.<span class=\"__1 _1bc\"> </span><span class=\"ff4\"> </span></div></div><div class=\"c_1 w53 h9f gs9f\"><div class=\"t_1 me x8b ha0 y5ba ff3_1 fs1d fc0_1 sc0_1 ls0_1 ws0_1\">3<span class=\"__1 _70\"></span>1/<span class=\"__1 _70\"></span>1<span class=\"__1 _5\"></span>2<span class=\"__1 _70\"></span>/2<span class=\"__1 _70\"></span>0<span class=\"__1 _5\"></span>2<span class=\"__1 _70\"></span>3</div><div class=\"t_1 me x8c ha0 y5bb ff3_1 fs1d fc0_1 sc0_1 ls0_1 ws0_1\">3<span class=\"__1 _70\"></span>1/<span class=\"__1 _70\"></span>1<span class=\"__1 _5\"></span>2<span class=\"__1 _70\"></span>/2<span class=\"__1 _70\"></span>0<span class=\"__1 _5\"></span>2<span class=\"__1 _70\"></span>2</div></div><div class=\"c_1 w54 ha1 gsa0\"><div class=\"t_1 me x9 ha2 y5bd ff7 fs1e fc0_1 sc0_1 ls0_1 ws0_1\">Mi<span class=\"__1 _70\"></span>le<span class=\"__1 _6\"></span>s \u20ac<span class=\"__1 _e3\"> </span><span class=\"ff3_1\">Sal<span class=\"__1 _70\"></span>do a c<span class=\"__1 _5\"></span>obrar<span class=\"__1 _cc\"> </span>De<span class=\"__1 _6\"></span>t<span class=\"__1 _6\"></span>er<span class=\"__1 _6\"></span>ior<span class=\"__1 _6\"></span>o<span class=\"__1 _e9\"> </span>Sa<span class=\"__1 _70\"></span>ldo a c<span class=\"__1 _70\"></span>obr<span class=\"__1 _6\"></span>a<span class=\"__1 _5\"></span>r<span class=\"__1 _8d\"> </span>Det<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>ioro</span></div></div><div class=\"c_1 w53 ha3 gsa1\"><div class=\"t_1 me x9 ha4 y5bf ff4 fs1d fc0_1 sc0_1 ls0_1 ws0_1\">No ve<span class=\"__1 _6\"></span>nci<span class=\"__1 _6\"></span>do</div></div><div class=\"c_1 w55 ha5 gsa2\"><div class=\"t_1 me x45 ha6 y5c1 ff4 fs1e fc0_1 sc0_1 ls0_1 ws0_1\">21<span class=\"__1 _6\"></span>.97<span class=\"__1 _6\"></span>4<span class=\"__1 _a\"> </span>-</div><div class=\"t_1 me x8c ha4 y5c2 ff4 fs1d fc0_1 sc0_1 ls0_1 ws0_1\">4<span class=\"__1 _70\"></span>0.1<span class=\"__1 _70\"></span>0<span class=\"__1 _5\"></span>5<span class=\"__1 _ea\"> </span>-</div></div><div class=\"c_1 w53 ha3 gsa1\"><div class=\"t_1 me x9 ha4 y5c3 ff4 fs1d fc0_1 sc0_1 ls0_1 ws0_1\">V<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>ncid<span class=\"__1 _6\"></span>o 0<span class=\"__1 _70\"></span>- 3<span class=\"__1 _70\"></span>0 <span class=\"__1 _70\"></span>d\u00edas</div></div><div class=\"c_1 w56 ha5 gsa3\"><div class=\"t_1 me x45 ha6 y5c1 ff4 fs1e fc0_1 sc0_1 ls0_1 ws0_1\">14<span class=\"__1 _6\"></span>.56<span class=\"__1 _6\"></span>4<span class=\"__1 _a\"> </span>-</div><div class=\"t_1 me x8d ha4 y5c5 ff4 fs1d fc0_1 sc0_1 ls0_1 ws0_1\">7<span class=\"__1 _70\"></span>.<span class=\"__1 _6\"></span>7<span class=\"__1 _70\"></span>32<span class=\"__1 _ea\"> </span>-</div></div><div class=\"c_1 w53 ha3 gsa1\"><div class=\"t_1 me x9 ha4 y5c6 ff4 fs1d fc0_1 sc0_1 ls0_1 ws0_1\">V<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>ncid<span class=\"__1 _6\"></span>o 3<span class=\"__1 _70\"></span>0<span class=\"__1 _70\"></span>-<span class=\"__1 _6\"></span>18<span class=\"__1 _70\"></span>0<span class=\"__1 _70\"></span> d\u00ed<span class=\"__1 _5\"></span>as</div></div><div class=\"c_1 w57 ha5 gsa4\"><div class=\"t_1 me x8e ha6 y5c8 ff4 fs1e fc0_1 sc0_1 ls2c ws0_1\">325<span class=\"__1 _7c\"> </span>121</div><div class=\"t_1 me x8d ha4 y5c5 ff4 fs1d fc0_1 sc0_1 ls0_1 ws0_1\">1<span class=\"__1 _70\"></span>.<span class=\"__1 _6\"></span>8<span class=\"__1 _70\"></span>13<span class=\"__1 _87\"> </span><span class=\"ls2d\">27</span></div></div><div class=\"c_1 w53 ha3 gsa1\"><div class=\"t_1 me x9 ha4 y5c9 ff4 fs1d fc0_1 sc0_1 ls0_1 ws0_1\">V<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>ncid<span class=\"__1 _6\"></span>o &gt;<span class=\"__1 _70\"></span> 1<span class=\"__1 _70\"></span>8<span class=\"__1 _70\"></span>0 <span class=\"__1 _70\"></span>d\u00edas</div></div><div class=\"c_1 w58 ha5 gsa5\"><div class=\"t_1 me x5a ha6 y5cb ff4 fs1e fc0_1 sc0_1 ls0_1 ws0_1\">3.9<span class=\"__1 _6\"></span>29<span class=\"__1 _eb\"> </span>3.9<span class=\"__1 _6\"></span>29<span class=\"__1 _ec\"> </span>4.2<span class=\"__1 _6\"></span>75<span class=\"__1 _15\"> </span>4.2<span class=\"__1 _6\"></span>75</div></div><div class=\"c_1 w53 ha3 gsa1\"><div class=\"t_1 me x8f ha0 y5cc ff3_1 fs1d fc0_1 sc0_1 ls0_1 ws0_1\">4<span class=\"__1 _70\"></span>0.7<span class=\"__1 _70\"></span>9<span class=\"__1 _70\"></span>2<span class=\"__1 _33\"> </span>4<span class=\"__1 _70\"></span>.05<span class=\"__1 _70\"></span>0<span class=\"__1 _ed\"> </span>5<span class=\"__1 _70\"></span>3.9<span class=\"__1 _70\"></span>2<span class=\"__1 _70\"></span>5<span class=\"__1 _ee\"> </span>4<span class=\"__1 _70\"></span>.30<span class=\"__1 _70\"></span>2</div></div><div class=\"c_1 w59 ha7 gsa6\"><div class=\"t_1 mf x62 ha8 y5ce ff3_1 fs1f fc0_1 sc0_1 ls2e ws0_1\">2023<span class=\"__1 _4d\"> </span>2022</div></div><div class=\"c_1 w5a ha9 gsa7\"><div class=\"t_1 mf x9 haa y5d0 ff4 fs1f fc0_1 sc0_1 ls0_1 ws0_1\">Ni<span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span> de<span class=\"__1 _6\"></span> R<span class=\"__1 _5\"></span>i<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>sgo-</div></div><div class=\"c_1 w5b ha9 gsa8\"><div class=\"t_1 mf x2c haa y5d2 ff4 fs1f fc0_1 sc0_1 ls0_1 ws0_1\">Bajo<span class=\"__1 _ef\"> </span><span class=\"ls2e\">58%<span class=\"__1 _6e\"> </span>34%</span></div></div><div class=\"c_1 w5c ha9 gsa9\"><div class=\"t_1 mf x2c haa y5d2 ff4 fs1f fc0_1 sc0_1 ls0_1 ws0_1\">M<span class=\"__1 _70\"></span>e<span class=\"__1 _6\"></span>di<span class=\"__1 _6\"></span>o<span class=\"__1 _85\"> </span><span class=\"ls2e\">25%<span class=\"__1 _6e\"> </span>33%</span></div></div><div class=\"c_1 w5d ha7 gsaa\"><div class=\"t_1 mf x2c haa y5d2 ff4 fs1f fc0_1 sc0_1 ls0_1 ws0_1\">M<span class=\"__1 _70\"></span>e<span class=\"__1 _6\"></span>di<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>-al<span class=\"__1 _6\"></span>to<span class=\"__1 _6e\"> </span><span class=\"ls2e\">15%<span class=\"__1 _6e\"> </span>26%</span></div></div><div class=\"c_1 w5e ha9 gsab\"><div class=\"t_1 mf x2c haa y5ce ff4 fs1f fc0_1 sc0_1 ls0_1 ws0_1\">Al<span class=\"__1 _6\"></span>to<span class=\"__1 _f0\"> </span><span class=\"ls2e\">2%<span class=\"__1 _d7\"> </span>7%</span></div></div>Durante <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>a\u00f1os <span class=\"__1 _6\"></span>2023 <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>2022 la <span class=\"__1 _8\"></span>energ\u00eda generada, <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>acuerd<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>con <span class=\"__1 _6\"></span>el marco <span class=\"__1 _6\"></span>regulato<span class=\"__1 _6\"></span>rio el\u00e9ctrico <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>vigor,<span class=\"__1 _1bc\"> </span>se ha vendid<span class=\"__1 _6\"></span>o a trav\u00e9s del Mercado<span class=\"__1 _6\"></span> Ib\u00e9rico de Electricidad<span class=\"__1 _6\"></span> (MIBEL), cobrand<span class=\"__1 _6\"></span>o los ingresos del op<span class=\"__1 _6\"></span>erador del<span class=\"__1 _1bc\"> </span>mercado OMIE que cuenta con un <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>istema de garant\u00eda de <span class=\"__1 _5\"></span>pagos, y de <span class=\"__1 _5\"></span>la Comisi\u00f3n Nacional de <span class=\"__1 _5\"></span>los Mercados<span class=\"__1 _1bc\"> </span>y  la <span class=\"__1 _cb\"> </span>Competencia  (<span class=\"__1 _6\"></span>CNMC), <span class=\"__1 _cb\"> </span>ente  regulador <span class=\"__1 _cb\"> </span>de  los<span class=\"__1 _6\"></span>  m<span class=\"__1 _6\"></span>ercados <span class=\"__1 _cb\"> </span>energ\u00e9ticos  de  E<span class=\"__1 _6\"></span>spa\u00f1a, <span class=\"__1 _cb\"> </span>dependiente  del<span class=\"__1 _1bc\"> </span>Ministerio <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>Industria. Al <span class=\"__1 _70\"></span>tratarse <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>sald<span class=\"__1 _6\"></span>os <span class=\"__1 _70\"></span>soportados <span class=\"__1 _70\"></span>en \u00fa<span class=\"__1 _5\"></span>ltima <span class=\"__1 _70\"></span>instan<span class=\"__1 _6\"></span>cia <span class=\"__1 _70\"></span>por <span class=\"__1 _70\"></span>el <span class=\"__1 _5\"></span>estado <span class=\"__1 _70\"></span>espa\u00f1<span class=\"__1 _6\"></span>ol, <span class=\"__1 _70\"></span>la <span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>\u00e9rdida<span class=\"__1 _1bc\"> </span>esperada consid<span class=\"__1 _6\"></span>erada es nula.<span class=\"__1 _1bc\"> </span>Tesorer\u00eda<span class=\"__1 _1bc\"> </span>En relaci\u00f3n <span class=\"__1 _5\"></span>al ep\u00edgrafe<span class=\"__1 _5\"></span> \u201cEfectivo y <span class=\"__1 _5\"></span>oros me<span class=\"__1 _5\"></span>dios equivalente\u201d del Estado <span class=\"__1 _5\"></span>de Situaci\u00f3n <span class=\"__1 _5\"></span>Financiera consolidado,<span class=\"__1 _1bc\"> </span>el rating <span class=\"__1 _6\"></span>promedio de <span class=\"__1 _6\"></span>las contrapartes<span class=\"__1 _6\"></span> es <span class=\"__1 _6\"></span>el siguiente seg\u00fan<span class=\"__1 _6\"></span> la <span class=\"__1 _6\"></span>escala de la <span class=\"__1 _6\"></span>agencia <span class=\"__1 _6\"></span>de calificaci\u00f3n Stand<span class=\"__1 _6\"></span>ard<span class=\"__1 _1bc\"> </span>&amp; Poor\u00b4s:<span class=\"__1 _1bc\"> </span>2023<span class=\"__1 _53\"> </span>2022<span class=\"__1 _1bc\"> </span>Rating-<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _f1\"> </span><span class=\"ls2f\">50%<span class=\"__1 _8b\"> </span>60%<span class=\"__1 _1bc\"> </span></span>BBB<span class=\"__1 _f2\"> </span><span class=\"ls2f\">42%<span class=\"__1 _8b\"> </span>24%<span class=\"__1 _1bc\"> </span></span>BB<span class=\"__1 _f3\"> </span><span class=\"ls2f\">8%<span class=\"__1 _4a\"> </span>16%<span class=\"__1 _1bc\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAllowanceForCreditLossesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-528": {
   "value": "5.2<span class=\"ff5\"> <span class=\"__1 _cc\"> </span></span><span class=\"fc3\">Riesgo de Cr\u00e9d<span class=\"__1 _5\"></span>ito<span class=\"__1 _1bc\"> </span></span><span class=\"fc3\"> </span>El <span class=\"__1 _5\"></span>riesgo <span class=\"__1 _5\"></span>de <span class=\"__1 _5\"></span>cr\u00e9dito <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>efine como <span class=\"__1 _70\"></span>la posibilidad de <span class=\"__1 _70\"></span>que un <span class=\"__1 _5\"></span>tercero <span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>o <span class=\"__1 _5\"></span>cumpla con <span class=\"__1 _70\"></span>sus<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>obligaciones de <span class=\"__1 _70\"></span>pago,<span class=\"__1 _1bc\"> </span> originando <span class=\"__1 _4\"></span>con <span class=\"__1 _8\"></span>ello <span class=\"__1 _8\"></span>p\u00e9rdidas<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>cre<span class=\"__1 _5\"></span>diticias. <span class=\"__1 _4\"></span>Este <span class=\"__1 _8\"></span>riesgo, <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>su <span class=\"__1 _8\"></span>mayo<span class=\"__1 _6\"></span>r <span class=\"__1 _8\"></span>parte, <span class=\"__1 _4\"></span>se <span class=\"__1 _8\"></span>eval\u00faa <span class=\"__1 _8\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>con<span class=\"__1 _6\"></span>trola <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>n <span class=\"__1 _8\"></span>EN<span class=\"__1 _6\"></span>CE <span class=\"__1 _8\"></span>de<span class=\"__1 _1bc\"> </span> forma individualizad<span class=\"__1 _6\"></span>a para cada cliente.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> El <span class=\"__1 _6\"></span>Grupo <span class=\"__1 _6\"></span>eval\u00faa <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>forma <span class=\"__1 _6\"></span>peri\u00f3dica <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>existencia <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>eviden<span class=\"__1 _6\"></span>cias <span class=\"__1 _6\"></span>objetiv<span class=\"__1 _6\"></span>as d<span class=\"__1 _6\"></span>e d<span class=\"__1 _6\"></span>eterioro d<span class=\"__1 _6\"></span>e valor <span class=\"__1 _6\"></span>desp<span class=\"__1 _6\"></span>u\u00e9s d<span class=\"__1 _6\"></span>el<span class=\"__1 _1bc\"> </span> reconocimiento <span class=\"__1 _70\"></span>inicial<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>un <span class=\"__1 _70\"></span>a<span class=\"__1 _6\"></span>ctivo <span class=\"__1 _70\"></span>financiero. <span class=\"__1 _70\"></span>Entre <span class=\"__1 _70\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>fact<span class=\"__1 _6\"></span>ores <span class=\"__1 _70\"></span>considerado<span class=\"__1 _6\"></span>s <span class=\"__1 _70\"></span>en <span class=\"__1 _70\"></span>dicha <span class=\"__1 _70\"></span>evalu<span class=\"__1 _6\"></span>aci\u00f3n <span class=\"__1 _70\"></span>destacan;<span class=\"__1 _1bc\"> </span> la <span class=\"__1 _6\"></span>cu<span class=\"__1 _6\"></span>ant\u00eda <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>deuda <span class=\"__1 _8\"></span>pendie<span class=\"__1 _6\"></span>nte <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>cobro <span class=\"__1 _8\"></span>por <span class=\"__1 _8\"></span>cliente, <span class=\"__1 _4\"></span>las <span class=\"__1 _6\"></span>cob<span class=\"__1 _6\"></span>erturas <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>eguro <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>cr<span class=\"__1 _6\"></span>\u00e9dito <span class=\"__1 _8\"></span>dispon<span class=\"__1 _6\"></span>ibles, <span class=\"__1 _8\"></span>la<span class=\"__1 _1bc\"> </span> antig\u00fcedad <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>euda, <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c6\"> </span>existen<span class=\"__1 _6\"></span>cia <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>situacio<span class=\"__1 _6\"></span>nes <span class=\"__1 _c6\"> </span>concurs<span class=\"__1 _6\"></span>ales, <span class=\"__1 _c6\"> </span>y  las <span class=\"__1 _c6\"> </span>conclusion<span class=\"__1 _6\"></span>es <span class=\"__1 _c8\"> </span>de <span class=\"__1 _ca\"> </span>los <span class=\"__1 _c6\"> </span>an\u00e1lisis<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>de<span class=\"__1 _1bc\"> </span> solvencia realizado<span class=\"__1 _6\"></span>s sobre los<span class=\"__1 _6\"></span> clientes.<span class=\"__1 _1bc\"> </span> Deudores comerciales y <span class=\"__1 _6\"></span>otras cuen<span class=\"__1 _6\"></span>tas a cobrar<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> Los s<span class=\"__1 _6\"></span>aldos comerciales <span class=\"__1 _6\"></span>se reflejan <span class=\"__1 _6\"></span>en el <span class=\"__1 _6\"></span>Estad<span class=\"__1 _6\"></span>o de <span class=\"__1 _6\"></span>Situaci\u00f3n Financiera <span class=\"__1 _6\"></span>consolida<span class=\"__1 _6\"></span>do netos <span class=\"__1 _6\"></span>de deterioro. <span class=\"__1 _6\"></span>Los<span class=\"__1 _1bc\"> </span> deterioros <span class=\"__1 _4\"></span>acumulados <span class=\"__1 _8\"></span>regist<span class=\"__1 _6\"></span>rados <span class=\"__1 _4\"></span>al <span class=\"__1 _8\"></span>31 <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>dicie<span class=\"__1 _6\"></span>mbre <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>2023 <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>2022 <span class=\"__1 _4\"></span>ascienden <span class=\"__1 _8\"></span>a <span class=\"__1 _4\"></span>4.<span class=\"__1 _6\"></span>050 <span class=\"__1 _8\"></span><span class=\"ff6\">mil<span class=\"__1 _6\"></span>es <span class=\"__1 _8\"></span>\u20ac <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>4.302<span class=\"__1 _1bc\"> </span></span><span class=\"ff6\"> </span>miles <span class=\"__1 _c8\"> </span>\u20ac, <span class=\"__1 _ca\"> </span>respectivamente. <span class=\"__1 _c6\"> </span>En<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>el <span class=\"__1 _c8\"> </span>s<span class=\"__1 _6\"></span>iguiente <span class=\"__1 _c6\"> </span>cuad<span class=\"__1 _6\"></span><span class=\"ff4\">ro <span class=\"__1 _c6\"> </span>se <span class=\"__1 _c6\"> </span>detalla <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c6\"> </span>antig\u00fc<span class=\"__1 _6\"></span>edad <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c6\"> </span>deuda <span class=\"__1 _c6\"> </span>comercial <span class=\"__1 _c6\"> </span>y <span class=\"__1 _c6\"> </span>los<span class=\"__1 _1bc\"> </span></span>deterioros registrados<span class=\"__1 _6\"></span> (incluye p\u00e9rdida esp<span class=\"__1 _6\"></span>erada):<span class=\"__1 _1bc\"> </span>ENCE <span class=\"__1 _4\"></span>cuenta <span class=\"__1 _4\"></span>con<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>sistemas <span class=\"__1 _4\"></span>prop<span class=\"__1 _6\"></span>ios <span class=\"__1 _4\"></span>para <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>evalu<span class=\"__1 _6\"></span>aci\u00f3n <span class=\"__1 _4\"></span>crediticia <span class=\"__1 _4\"></span>permanente <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>todos <span class=\"__1 _c8\"></span>sus <span class=\"__1 _4\"></span>deudores <span class=\"__1 _4\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>la<span class=\"__1 _1bc\"> </span>determinaci\u00f3n de l\u00edmites de riesgo por contrap<span class=\"__1 _6\"></span>arte, que se basan en informaci\u00f3n de solvencia disponib<span class=\"__1 _6\"></span>le, y<span class=\"__1 _1bc\"> </span>en <span class=\"__1 _70\"></span>los <span class=\"__1 _70\"></span>an\u00e1lisis<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>evaluaci\u00f3n <span class=\"__1 _70\"></span>cr<span class=\"__1 _6\"></span>editicia <span class=\"__1 _70\"></span>realizados<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>por <span class=\"__1 _70\"></span>entidades<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>seguro <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>cr\u00e9dito <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>recon<span class=\"__1 _6\"></span>ocido <span class=\"__1 _70\"></span>prestigio.<span class=\"__1 _1bc\"> </span>ENCE Celulosa<span class=\"__1 _1bc\"> </span>Este <span class=\"__1 _8\"></span>negocio <span class=\"__1 _8\"></span>concentra <span class=\"__1 _4\"></span>saldos <span class=\"__1 _6\"></span>a <span class=\"__1 _4\"></span>cobrar <span class=\"__1 _6\"></span>recogidos<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>ep\u00edgrafe <span class=\"__1 _8\"></span>\u201cDeud<span class=\"__1 _6\"></span><span class=\"ff4\">ores <span class=\"__1 _8\"></span>comerc<span class=\"__1 _6\"></span>iales <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>otras <span class=\"__1 _4\"></span>cuenta<span class=\"__1 _5\"></span>s <span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span></span>cobrar\u201d por importe d<span class=\"__1 _6\"></span>e <span class=\"ff4\">37.290 </span>miles \u20ac, d<span class=\"__1 _6\"></span>eteriorados<span class=\"__1 _6\"></span> <span class=\"ff4\">de forma acumulada <span class=\"__1 _6\"></span>en 3.884 <span class=\"__1 _6\"></span></span>miles \u20ac.<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _4\"></span>riesgo <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>r\u00e9dito <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>distribuye <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>200<span class=\"__1 _6\"></span>-300 <span class=\"__1 _4\"></span>clientes <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>otras <span class=\"__1 _4\"></span>contrapartes. <span class=\"__1 _4\"></span>La <span class=\"__1 _4\"></span>concentraci\u00f3n <span class=\"__1 _4\"></span>m\u00e1xima <span class=\"__1 _4\"></span>de<span class=\"__1 _1bc\"> </span>riesgo con un t<span class=\"__1 _6\"></span>ercero en 2023<span class=\"__1 _6\"></span> y 2022 es del 10% de las v<span class=\"__1 _6\"></span>entas<span class=\"__1 _6\"></span> de celulosa.<span class=\"__1 _1bc\"> </span>Para <span class=\"__1 _4\"></span>mitigar <span class=\"__1 _4\"></span>este <span class=\"__1 _4\"></span>riesgo, <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>opera <span class=\"__1 _4\"></span>con <span class=\"__1 _4\"></span>clientes<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>con <span class=\"__1 _4\"></span>un <span class=\"__1 _4\"></span>histo<span class=\"__1 _6\"></span>rial <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>cr\u00e9dito <span class=\"__1 _4\"></span>sin <span class=\"__1 _4\"></span>ins<span class=\"__1 _6\"></span>olvencias <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>alta <span class=\"__1 _4\"></span>calid<span class=\"__1 _6\"></span>ad<span class=\"__1 _1bc\"> </span>crediticia, <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>sigue <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>ol\u00edtica <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>vender <span class=\"__1 _8\"></span>mayoritariamente <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>clientes <span class=\"__1 _4\"></span>que <span class=\"__1 _6\"></span>disp<span class=\"__1 _6\"></span>onen <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>cobertura <span class=\"__1 _8\"></span>po<span class=\"__1 _8\"></span>r <span class=\"__1 _8\"></span>los<span class=\"__1 _1bc\"> </span>programas <span class=\"__1 _c9\"> </span>de <span class=\"__1 _c9\"> </span>seguro <span class=\"__1 _c9\"> </span>de <span class=\"__1 _cb\"> </span>cr\u00e9dito<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>contratados <span class=\"__1 _c9\"> </span>por <span class=\"__1 _c9\"> </span>ENCE,<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>los <span class=\"__1 _c9\"> </span>cuales <span class=\"__1 _c9\"> </span>proporcionan <span class=\"__1 _c9\"> </span>una <span class=\"__1 _c9\"> </span>cobertura <span class=\"__1 _c9\"> </span>de<span class=\"__1 _1bc\"> </span>aproximadamente <span class=\"__1 _cb\"> </span><span class=\"ls1c\">el</span> <span class=\"__1 _cb\"> </span>90% <span class=\"__1 _cb\"> </span>del <span class=\"__1 _cb\"> </span>importe <span class=\"__1 _cb\"> </span>facturado. <span class=\"__1 _cb\"> </span>Estas <span class=\"__1 _cb\"> </span>medidas <span class=\"__1 _cb\"> </span>se <span class=\"__1 _cb\"> </span>complem<span class=\"__1 _5\"></span>entan <span class=\"__1 _cb\"> </span>con <span class=\"__1 _cb\"> </span>la <span class=\"__1 _cb\"> </span>ejecuci\u00f3n,<span class=\"__1 _1bc\"> </span>peri\u00f3dicamente, <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>an\u00e1lisis <span class=\"__1 _4\"></span>espec\u00edficos <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>solvencia <span class=\"__1 _4\"></span>financiera <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>principales <span class=\"__1 _4\"></span>clientes <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>Grupo, <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>la<span class=\"__1 _1bc\"> </span>inclusi\u00f3n,  en  determinadas  situaciones,  de  cl\u00e1usulas  espec\u00edficas  en  los  con<span class=\"__1 _5\"></span>tratos  de  venta  dirigidas  a<span class=\"__1 _1bc\"> </span>garantizar el cobro.<span class=\"__1 _1bc\"> </span>La <span class=\"__1 _6\"></span>calificaci\u00f3n <span class=\"__1 _6\"></span>crediticia <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e n<span class=\"__1 _6\"></span>uestros <span class=\"__1 _6\"></span>clientes <span class=\"__1 _6\"></span>con <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>aldos <span class=\"__1 _6\"></span>pendientes <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>cobro <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>31 <span class=\"__1 _6\"></span>d<span class=\"__1 _8\"></span>e di<span class=\"__1 _6\"></span>ciembre <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>2023 <span class=\"__1 _6\"></span>y<span class=\"__1 _1bc\"> </span>2022, considerando la<span class=\"__1 _6\"></span> evaluaci\u00f3n realizada <span class=\"__1 _6\"></span>por nuestras as<span class=\"__1 _6\"></span>eguradoras es la siguient<span class=\"__1 _6\"></span>e:<span class=\"__1 _1bc\"> </span>ENCE Renovab<span class=\"__1 _6\"></span>les<span class=\"__1 _1bc\"> </span>Este <span class=\"__1 _8\"></span>negocio <span class=\"__1 _8\"></span>concentra <span class=\"__1 _4\"></span>saldos <span class=\"__1 _6\"></span>a <span class=\"__1 _4\"></span>cobrar <span class=\"__1 _8\"></span><span class=\"ff6\">recogidos <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>ep\u00edgrafe <span class=\"__1 _8\"></span>\u201cDeudor<span class=\"__1 _6\"></span>es <span class=\"__1 _8\"></span>comerciales <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>otras<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>cuentas <span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span></span>cobrar\u201d por importe d<span class=\"__1 _6\"></span>e <span class=\"ff4\">5.474 <span class=\"__1 _6\"></span></span>miles \u20ac, deteriorados <span class=\"__1 _6\"></span><span class=\"ff4\">de forma acu<span class=\"__1 _6\"></span>mulada en <span class=\"__1 _6\"></span><span class=\"ls12\">166</span> </span>miles \u20ac.<span class=\"__1 _1bc\"> </span>3<span class=\"__1 _70\"></span>1/<span class=\"__1 _70\"></span>1<span class=\"__1 _5\"></span>2<span class=\"__1 _70\"></span>/2<span class=\"__1 _70\"></span>0<span class=\"__1 _5\"></span>2<span class=\"__1 _70\"></span>33<span class=\"__1 _70\"></span>1/<span class=\"__1 _70\"></span>1<span class=\"__1 _5\"></span>2<span class=\"__1 _70\"></span>/2<span class=\"__1 _70\"></span>0<span class=\"__1 _5\"></span>2<span class=\"__1 _70\"></span>2Mi<span class=\"__1 _70\"></span>le<span class=\"__1 _6\"></span>s \u20ac<span class=\"__1 _e3\"> </span><span class=\"ff3_1\">Sal<span class=\"__1 _70\"></span>do a c<span class=\"__1 _5\"></span>obrar<span class=\"__1 _cc\"> </span>De<span class=\"__1 _6\"></span>t<span class=\"__1 _6\"></span>er<span class=\"__1 _6\"></span>ior<span class=\"__1 _6\"></span>o<span class=\"__1 _e9\"> </span>Sa<span class=\"__1 _70\"></span>ldo a c<span class=\"__1 _70\"></span>obr<span class=\"__1 _6\"></span>a<span class=\"__1 _5\"></span>r<span class=\"__1 _8d\"> </span>Det<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>ioro</span>No ve<span class=\"__1 _6\"></span>nci<span class=\"__1 _6\"></span>do21<span class=\"__1 _6\"></span>.97<span class=\"__1 _6\"></span>4<span class=\"__1 _a\"> </span>-4<span class=\"__1 _70\"></span>0.1<span class=\"__1 _70\"></span>0<span class=\"__1 _5\"></span>5<span class=\"__1 _ea\"> </span>-V<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>ncid<span class=\"__1 _6\"></span>o 0<span class=\"__1 _70\"></span>- 3<span class=\"__1 _70\"></span>0 <span class=\"__1 _70\"></span>d\u00edas14<span class=\"__1 _6\"></span>.56<span class=\"__1 _6\"></span>4<span class=\"__1 _a\"> </span>-7<span class=\"__1 _70\"></span>.<span class=\"__1 _6\"></span>7<span class=\"__1 _70\"></span>32<span class=\"__1 _ea\"> </span>-V<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>ncid<span class=\"__1 _6\"></span>o 3<span class=\"__1 _70\"></span>0<span class=\"__1 _70\"></span>-<span class=\"__1 _6\"></span>18<span class=\"__1 _70\"></span>0<span class=\"__1 _70\"></span> d\u00ed<span class=\"__1 _5\"></span>as325<span class=\"__1 _7c\"> </span>1211<span class=\"__1 _70\"></span>.<span class=\"__1 _6\"></span>8<span class=\"__1 _70\"></span>13<span class=\"__1 _87\"> </span><span class=\"ls2d\">27</span>V<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>ncid<span class=\"__1 _6\"></span>o &gt;<span class=\"__1 _70\"></span> 1<span class=\"__1 _70\"></span>8<span class=\"__1 _70\"></span>0 <span class=\"__1 _70\"></span>d\u00edas3.9<span class=\"__1 _6\"></span>29<span class=\"__1 _eb\"> </span>3.9<span class=\"__1 _6\"></span>29<span class=\"__1 _ec\"> </span>4.2<span class=\"__1 _6\"></span>75<span class=\"__1 _15\"> </span>4.2<span class=\"__1 _6\"></span>754<span class=\"__1 _70\"></span>0.7<span class=\"__1 _70\"></span>9<span class=\"__1 _70\"></span>2<span class=\"__1 _33\"> </span>4<span class=\"__1 _70\"></span>.05<span class=\"__1 _70\"></span>0<span class=\"__1 _ed\"> </span>5<span class=\"__1 _70\"></span>3.9<span class=\"__1 _70\"></span>2<span class=\"__1 _70\"></span>5<span class=\"__1 _ee\"> </span>4<span class=\"__1 _70\"></span>.30<span class=\"__1 _70\"></span>22023<span class=\"__1 _4d\"> </span>2022Ni<span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span> de<span class=\"__1 _6\"></span> R<span class=\"__1 _5\"></span>i<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>sgo-Bajo<span class=\"__1 _ef\"> </span><span class=\"ls2e\">58%<span class=\"__1 _6e\"> </span>34%</span>M<span class=\"__1 _70\"></span>e<span class=\"__1 _6\"></span>di<span class=\"__1 _6\"></span>o<span class=\"__1 _85\"> </span><span class=\"ls2e\">25%<span class=\"__1 _6e\"> </span>33%</span>M<span class=\"__1 _70\"></span>e<span class=\"__1 _6\"></span>di<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>-al<span class=\"__1 _6\"></span>to<span class=\"__1 _6e\"> </span><span class=\"ls2e\">15%<span class=\"__1 _6e\"> </span>26%</span>Al<span class=\"__1 _6\"></span>to<span class=\"__1 _f0\"> </span><span class=\"ls2e\">2%<span class=\"__1 _d7\"> </span>7%</span>Durante <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>a\u00f1os <span class=\"__1 _6\"></span>2023 <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>2022 la <span class=\"__1 _8\"></span>energ\u00eda generada, <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>acuerd<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>con <span class=\"__1 _6\"></span>el marco <span class=\"__1 _6\"></span>regulato<span class=\"__1 _6\"></span>rio el\u00e9ctrico <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>vigor,<span class=\"__1 _1bc\"> </span>se ha vendid<span class=\"__1 _6\"></span>o a trav\u00e9s del Mercado<span class=\"__1 _6\"></span> Ib\u00e9rico de Electricidad<span class=\"__1 _6\"></span> (MIBEL), cobrand<span class=\"__1 _6\"></span>o los ingresos del op<span class=\"__1 _6\"></span>erador del<span class=\"__1 _1bc\"> </span>mercado OMIE que cuenta con un <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>istema de garant\u00eda de <span class=\"__1 _5\"></span>pagos, y de <span class=\"__1 _5\"></span>la Comisi\u00f3n Nacional de <span class=\"__1 _5\"></span>los Mercados<span class=\"__1 _1bc\"> </span>y  la <span class=\"__1 _cb\"> </span>Competencia  (<span class=\"__1 _6\"></span>CNMC), <span class=\"__1 _cb\"> </span>ente  regulador <span class=\"__1 _cb\"> </span>de  los<span class=\"__1 _6\"></span>  m<span class=\"__1 _6\"></span>ercados <span class=\"__1 _cb\"> </span>energ\u00e9ticos  de  E<span class=\"__1 _6\"></span>spa\u00f1a, <span class=\"__1 _cb\"> </span>dependiente  del<span class=\"__1 _1bc\"> </span>Ministerio <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>Industria. Al <span class=\"__1 _70\"></span>tratarse <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>sald<span class=\"__1 _6\"></span>os <span class=\"__1 _70\"></span>soportados <span class=\"__1 _70\"></span>en \u00fa<span class=\"__1 _5\"></span>ltima <span class=\"__1 _70\"></span>instan<span class=\"__1 _6\"></span>cia <span class=\"__1 _70\"></span>por <span class=\"__1 _70\"></span>el <span class=\"__1 _5\"></span>estado <span class=\"__1 _70\"></span>espa\u00f1<span class=\"__1 _6\"></span>ol, <span class=\"__1 _70\"></span>la <span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>\u00e9rdida<span class=\"__1 _1bc\"> </span>esperada consid<span class=\"__1 _6\"></span>erada es nula.<span class=\"__1 _1bc\"> </span>Tesorer\u00eda<span class=\"__1 _1bc\"> </span>En relaci\u00f3n <span class=\"__1 _5\"></span>al ep\u00edgrafe<span class=\"__1 _5\"></span> \u201cEfectivo y <span class=\"__1 _5\"></span>oros me<span class=\"__1 _5\"></span>dios equivalente\u201d del Estado <span class=\"__1 _5\"></span>de Situaci\u00f3n <span class=\"__1 _5\"></span>Financiera consolidado,<span class=\"__1 _1bc\"> </span>el rating <span class=\"__1 _6\"></span>promedio de <span class=\"__1 _6\"></span>las contrapartes<span class=\"__1 _6\"></span> es <span class=\"__1 _6\"></span>el siguiente seg\u00fan<span class=\"__1 _6\"></span> la <span class=\"__1 _6\"></span>escala de la <span class=\"__1 _6\"></span>agencia <span class=\"__1 _6\"></span>de calificaci\u00f3n Stand<span class=\"__1 _6\"></span>ard<span class=\"__1 _1bc\"> </span>&amp; Poor\u00b4s:<span class=\"__1 _1bc\"> </span>2023<span class=\"__1 _53\"> </span>2022<span class=\"__1 _1bc\"> </span>Rating-<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _f1\"> </span><span class=\"ls2f\">50%<span class=\"__1 _8b\"> </span>60%<span class=\"__1 _1bc\"> </span></span>BBB<span class=\"__1 _f2\"> </span><span class=\"ls2f\">42%<span class=\"__1 _8b\"> </span>24%<span class=\"__1 _1bc\"> </span></span>BB<span class=\"__1 _f3\"> </span><span class=\"ls2f\">8%<span class=\"__1 _4a\"> </span>16%<span class=\"__1 _1bc\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-549": {
   "value": "5.3<span class=\"ff5\"> <span class=\"__1 _cc\"> </span></span><span class=\"fc3\">Riesgos de liquid<span class=\"__1 _5\"></span>ez y capita<span class=\"__1 _5\"></span>l<span class=\"__1 _1bc\"> </span></span>La <span class=\"__1 _6\"></span>exposici\u00f3n <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>situ<span class=\"__1 _6\"></span>aciones <span class=\"__1 _6\"></span>adversas <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>mercados<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>deuda <span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>capitales <span class=\"__1 _6\"></span>puede <span class=\"__1 _6\"></span>dific<span class=\"__1 _6\"></span>ultar <span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>impedir <span class=\"__1 _6\"></span>la<span class=\"__1 _1bc\"> </span>cobertura de <span class=\"__1 _5\"></span>las necesidades f<span class=\"__1 _70\"></span>inan<span class=\"__1 _6\"></span>cieras que <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>e re<span class=\"__1 _5\"></span>quieren para <span class=\"__1 _70\"></span>el desarrollo adecuado de <span class=\"__1 _70\"></span>las actividades del<span class=\"__1 _1bc\"> </span>Grupo y su<span class=\"__1 _6\"></span> Plan de Negocio futuro. La <span class=\"__1 _8\"></span>pol\u00edtica <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>liquidez <span class=\"__1 _8\"></span>seguida <span class=\"__1 _8\"></span>por <span class=\"__1 _8\"></span>ENCE <span class=\"__1 _6\"></span>est\u00e1<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>orienta<span class=\"__1 _6\"></span>da <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>garantizar <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>disponibilidad <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>fondos<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>necesarios<span class=\"__1 _1bc\"> </span>para <span class=\"__1 _c8\"> </span>as<span class=\"__1 _6\"></span>egurar <span class=\"__1 _c8\"> </span>el <span class=\"__1 _c8\"> </span>cu<span class=\"__1 _6\"></span>mplimiento <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c8\"> </span>las <span class=\"__1 _c6\"> </span>obligaciones <span class=\"__1 _c8\"> </span>adq<span class=\"__1 _6\"></span>uiridas <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c6\"> </span>el <span class=\"__1 _c8\"> </span>desarro<span class=\"__1 _6\"></span>llo <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"> </span>sus <span class=\"__1 _c6\"> </span>planes <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>negocio,<span class=\"__1 _1bc\"> </span>manteniendo en <span class=\"__1 _6\"></span>todo <span class=\"__1 _6\"></span>momento <span class=\"__1 _6\"></span>el nivel <span class=\"__1 _6\"></span>\u00f3ptimo d<span class=\"__1 _6\"></span>e re<span class=\"__1 _6\"></span>cursos<span class=\"__1 _6\"></span> l\u00edquidos<span class=\"__1 _6\"></span> y p<span class=\"__1 _6\"></span>rocurando la <span class=\"__1 _6\"></span>mayor eficiencia <span class=\"__1 _6\"></span>en la<span class=\"__1 _1bc\"> </span>gesti\u00f3n de los recurs<span class=\"__1 _6\"></span>os financieros.<span class=\"__1 _1bc\"> </span>Cada uno de los dos negocios de <span class=\"__1 _5\"></span>ENCE se financia y gestiona de manera <span class=\"__1 _5\"></span>individualizad<span class=\"__1 _6\"></span>a, teniendo en cuenta<span class=\"__1 _1bc\"> </span>sus caracter\u00edsticas<span class=\"__1 _6\"></span>, sin existir recursos o gara<span class=\"__1 _6\"></span>nt\u00edas sign<span class=\"__1 _6\"></span>ificativas entre a<span class=\"__1 _6\"></span>mbos.<span class=\"__1 _1bc\"> </span>Este <span class=\"__1 _6\"></span>es <span class=\"__1 _8\"></span>uno <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>riesgos <span class=\"__1 _8\"></span>que <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>siguen <span class=\"__1 _8\"></span>con <span class=\"__1 _6\"></span>mayor <span class=\"__1 _8\"></span>atenci\u00f3n <span class=\"__1 _6\"></span>por <span class=\"__1 _8\"></span>parte <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>ENCE, <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>par<span class=\"__1 _6\"></span>a el <span class=\"__1 _6\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _6\"></span>lleva <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>cabo<span class=\"__1 _1bc\"> </span>un <span class=\"__1 _c8\"></span>control <span class=\"__1 _4\"></span>y <span class=\"__1 _c8\"> </span>seguimiento <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"></span>sus <span class=\"__1 _4\"></span>n<span class=\"__1 _6\"></span>ecesidades <span class=\"__1 _c8\"></span>financieras <span class=\"__1 _4\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _c8\"></span>va <span class=\"__1 _4\"></span>desde <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c8\"></span>elaboraci\u00f3n <span class=\"__1 _4\"></span>de <span class=\"__1 _c8\"> </span>prevision<span class=\"__1 _6\"></span>es <span class=\"__1 _4\"></span>de<span class=\"__1 _1bc\"> </span>tesorer\u00eda <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>la plan<span class=\"__1 _6\"></span>ificaci\u00f3n <span class=\"__1 _6\"></span>financiera <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>acompa\u00f1a <span class=\"__1 _8\"></span>a los <span class=\"__1 _6\"></span>presupuestos <span class=\"__1 _6\"></span>anuales <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>plan estrat\u00e9gico<span class=\"__1 _8\"></span>. <span class=\"__1 _6\"></span>ENCE<span class=\"__1 _1bc\"> </span>mantiene <span class=\"__1 _70\"></span>fuentes <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>financiaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>diversificadas y <span class=\"__1 _70\"></span>estables, <span class=\"__1 _70\"></span>todo <span class=\"__1 _70\"></span>ello <span class=\"__1 _5\"></span>en <span class=\"__1 _70\"></span>el <span class=\"__1 _5\"></span>marco <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>una <span class=\"__1 _5\"></span>estructura <span class=\"__1 _70\"></span>financiera<span class=\"__1 _1bc\"> </span>que resulta compatib<span class=\"__1 _6\"></span>le con el nivel de calificac<span class=\"__1 _6\"></span>i\u00f3n creditici<span class=\"__1 _6\"></span>a actu<span class=\"__1 _6\"></span>al.<span class=\"__1 _1bc\"> </span>En <span class=\"__1 _8\"></span>este <span class=\"__1 _8\"></span>sentido,<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>Grupo <span class=\"__1 _8\"></span>dis<span class=\"__1 _6\"></span>pone <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>un <span class=\"__1 _8\"></span>sis<span class=\"__1 _6\"></span>tema <span class=\"__1 _8\"></span>global <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>con<span class=\"__1 _6\"></span>trol <span class=\"__1 _8\"></span>econ\u00f3mico <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>resupuestario <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>ara <span class=\"__1 _8\"></span>cada<span class=\"__1 _1bc\"> </span>negocio, <span class=\"__1 _5\"></span>adaptado<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>a cada <span class=\"__1 _5\"></span>actividad, que <span class=\"__1 _70\"></span>prop<span class=\"__1 _6\"></span>orciona la <span class=\"__1 _70\"></span>informaci\u00f3n necesaria <span class=\"__1 _70\"></span>a los <span class=\"__1 _70\"></span>resp<span class=\"__1 _6\"></span>onsables de <span class=\"__1 _70\"></span>negocio<span class=\"__1 _1bc\"> </span>y les permite controlar los<span class=\"__1 _6\"></span> riesgos <span class=\"__1 _6\"></span>potenciales y<span class=\"__1 _6\"></span> adoptar las decisiones d<span class=\"__1 _6\"></span>e gesti\u00f3n m\u00e1s adecuadas<span class=\"__1 _6\"></span>. En coherencia con esta pol\u00edtica de prudencia financiera <span class=\"__1 _5\"></span>ENCE mantiene al 31 de <span class=\"__1 _5\"></span>diciembre de 2023 recursos<span class=\"__1 _1bc\"> </span>en ef<span class=\"__1 _5\"></span>ectivo y <span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span>tros instrumentos <span class=\"__1 _5\"></span>financieros l\u00edquidos <span class=\"__1 _70\"></span>y l\u00edneas de <span class=\"__1 _70\"></span>cr\u00e9dito no <span class=\"__1 _5\"></span>dispuesta<span class=\"__1 _6\"></span>s suficie<span class=\"__1 _5\"></span>ntes para cubrir<span class=\"__1 _1bc\"> </span>ampliamente todas<span class=\"__1 _6\"></span> sus obligaciones a corto<span class=\"__1 _6\"></span> plazo<span class=\"__1 _6\"></span> (v\u00e9anse Notas 27 <span class=\"__1 _6\"></span>y 28).<span class=\"__1 _1bc\"> </span>Asimismo, <span class=\"__1 _c6\"> </span>se <span class=\"__1 _c6\"> </span>ha <span class=\"__1 _ca\"> </span>establecido <span class=\"__1 _c6\"> </span>u<span class=\"__1 _6\"></span>n <span class=\"__1 _c6\"> </span>nivel <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>end<span class=\"__1 _6\"></span>eudamiento <span class=\"__1 _c6\"> </span>neto <span class=\"__1 _c6\"> </span>o<span class=\"__1 _6\"></span>bjetivo <span class=\"__1 _c6\"> </span>adapta<span class=\"__1 _6\"></span>do <span class=\"__1 _c6\"> </span>al <span class=\"__1 _c6\"> </span>p<span class=\"__1 _6\"></span>erfil <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c6\"> </span>potencial<span class=\"__1 _1bc\"> </span>volatilidad <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>ingresos <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>distintos <span class=\"__1 _8\"></span>negocios <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>Grupo. <span class=\"__1 _8\"></span>En <span class=\"__1 _8\"></span>este <span class=\"__1 _8\"></span>sentido <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>icho <span class=\"__1 _8\"></span>nivel <span class=\"__1 _6\"></span>objetivo <span class=\"__1 _8\"></span>para <span class=\"__1 _8\"></span>el<span class=\"__1 _1bc\"> </span>Negocio <span class=\"__1 _c8\"> </span>Celulosa <span class=\"__1 _c6\"> </span>se <span class=\"__1 _c8\"> </span>ha <span class=\"__1 _c8\"> </span>estab<span class=\"__1 _6\"></span>lecido <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c8\"> </span>2,5 <span class=\"__1 _c8\"> </span>ve<span class=\"__1 _6\"></span>ces <span class=\"__1 _c8\"></span>el <span class=\"__1 _c8\"></span>resultad<span class=\"__1 _6\"></span>o <span class=\"__1 _c8\"> </span>bruto <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"></span>explotaci\u00f3n <span class=\"__1 _c8\"> </span>(EBITDA) <span class=\"__1 _c6\"> </span>recurrente<span class=\"__1 _1bc\"> </span>considerando  un  precio <span class=\"__1 _c6\"> </span>de  la  celulosa <span class=\"__1 _ca\"> </span>y  del <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>\u00f3lar  medios <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>el  cic<span class=\"__1 _5\"></span>lo,  y <span class=\"__1 _ca\"> </span>de  4-5  veces  e<span class=\"__1 _5\"></span>n  el <span class=\"__1 _c6\"> </span>Negocio  de<span class=\"__1 _1bc\"> </span>Renovables. La  deuda  finan<span class=\"__1 _6\"></span>ciera  neta  y <span class=\"__1 _cb\"> </span>el  EBITDA  son  magnitud<span class=\"__1 _6\"></span>es  no<span class=\"__1 _6\"></span>  desglosadas<span class=\"__1 _6\"></span>  en  los <span class=\"__1 _cb\"> </span>estados  financieros.  Su<span class=\"__1 _1bc\"> </span>cuantificaci\u00f3n <span class=\"__1 _6\"></span>as\u00ed como <span class=\"__1 _6\"></span>su <span class=\"__1 _6\"></span>reconciliaci\u00f3n con<span class=\"__1 _6\"></span> los<span class=\"__1 _6\"></span> estados <span class=\"__1 _6\"></span>financieros se <span class=\"__1 _6\"></span>detallan <span class=\"__1 _6\"></span>en el <span class=\"__1 _6\"></span>Anexo I <span class=\"__1 _6\"></span>al Informe <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span>Gesti\u00f3n <span class=\"__1 _6\"></span>sob<span class=\"__1 _6\"></span>re <span class=\"__1 _6\"></span>Actividad <span class=\"__1 _8\"></span>del <span class=\"__1 _6\"></span>G<span class=\"__1 _6\"></span>rupo <span class=\"__1 _6\"></span>en<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>2023. <span class=\"__1 _6\"></span>El <span class=\"__1 _8\"></span>endeudamiento<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>neto <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>egocios <span class=\"__1 _6\"></span>al <span class=\"__1 _8\"></span>31 <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>diciembr<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span>2023 y 2022 calculado<span class=\"__1 _6\"></span> como \u201cdeud<span class=\"__1 _6\"></span>a financiera neta / EBITD<span class=\"__1 _6\"></span>A\u201d es el siguiente:<span class=\"__1 _1bc\"> </span>La informaci\u00f3n <span class=\"__1 _5\"></span>relativa al <span class=\"__1 _70\"></span>an<span class=\"__1 _6\"></span>\u00e1lisis de <span class=\"__1 _70\"></span>los vencimie<span class=\"__1 _5\"></span>ntos de los <span class=\"__1 _70\"></span>pasiv<span class=\"__1 _6\"></span>os f<span class=\"__1 _5\"></span>inancieros a <span class=\"__1 _70\"></span>q<span class=\"__1 _6\"></span>ue hace<span class=\"__1 _5\"></span> referencia la <span class=\"__1 _70\"></span>N<span class=\"__1 _6\"></span>IIF<span class=\"__1 _1bc\"> </span>7 se encuentra recogida en la<span class=\"__1 _6\"></span> Nota 28 <span class=\"__1 _6\"></span>de esta memoria.<span class=\"__1 _1bc\"> </span>Mill<span class=\"__1 _5\"></span>ones \u20ac<span class=\"__1 _1bc\"> </span>2023<span class=\"__1 _25\"> </span>2022<span class=\"__1 _25\"> </span>2023<span class=\"__1 _25\"> </span>2022<span class=\"__1 _1bc\"> </span>D<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>uda financ<span class=\"__1 _5\"></span>ie<span class=\"__1 _5\"></span>ra ne<span class=\"__1 _5\"></span>ta<span class=\"__1 _1bc\"> </span>18<span class=\"__1 _6\"></span>6,1<span class=\"__1 _101\"> </span>(36<span class=\"__1 _6\"></span>,1)<span class=\"__1 _1bc\"> </span>93<span class=\"__1 _6\"></span>,5<span class=\"__1 _ee\"> </span>6,1<span class=\"__1 _1bc\"> </span>EB<span class=\"__1 _70\"></span>ITD<span class=\"__1 _70\"></span>A<span class=\"__1 _f4\"> </span>46<span class=\"__1 _6\"></span>,2<span class=\"__1 _5a\"> </span>1<span class=\"__1 _6\"></span>37<span class=\"__1 _6\"></span>,7<span class=\"__1 _f5\"> </span>43<span class=\"__1 _6\"></span>,1<span class=\"__1 _5a\"> </span>1<span class=\"__1 _6\"></span>09<span class=\"__1 _6\"></span>,8<span class=\"__1 _1bc\"> </span>Ra<span class=\"__1 _5\"></span>tio De<span class=\"__1 _5\"></span>uda ne<span class=\"__1 _70\"></span>t<span class=\"__1 _6\"></span>a /EBI<span class=\"__1 _5\"></span>TD<span class=\"__1 _70\"></span>A<span class=\"__1 _1bc\"> </span>4,0<span class=\"__1 _41\"> </span>(<span class=\"__1 _5\"></span>0,3)<span class=\"__1 _1bc\"> </span>2,2<span class=\"__1 _ee\"> </span>0,1<span class=\"__1 _1bc\"> </span>Negoci<span class=\"__1 _5\"></span>o Celulo<span class=\"__1 _5\"></span>saNegoci<span class=\"__1 _5\"></span>o Re<span class=\"__1 _6\"></span>nova<span class=\"__1 _70\"></span>bles<span class=\"__1 _1bc\"> </span>28.2<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Otros pasivos financieros<span class=\"__1 _1bc\"> </span></span></span>El <span class=\"__1 _70\"></span>detalle <span class=\"__1 _5\"></span>de <span class=\"__1 _5\"></span>este <span class=\"__1 _70\"></span>ep\u00edgraf<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>del Estado <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>Situaci\u00f3n Financiera <span class=\"__1 _70\"></span>Consolidad<span class=\"__1 _6\"></span>o <span class=\"__1 _70\"></span>al <span class=\"__1 _5\"></span>31 <span class=\"__1 _70\"></span>de<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>diciembr<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>de 2023 <span class=\"__1 _70\"></span>y <span class=\"__1 _70\"></span>2022<span class=\"__1 _1bc\"> </span>es el siguiente:<span class=\"__1 _1bc\"> </span>Cor<span class=\"__1 _6\"></span>to pl<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>zo<span class=\"__1 _1bc\"> </span>2023<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span> de Euros<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>Di<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>pues<span class=\"__1 _6\"></span>to<span class=\"__1 _1bc\"> </span>2024<span class=\"__1 _162\"> </span>2025<span class=\"__1 _117\"> </span>2026<span class=\"__1 _117\"> </span>2027<span class=\"__1 _117\"> </span>2028<span class=\"__1 _20\"> </span><span class=\"ls0_1\">Si<span class=\"__1 _6\"></span>gui<span class=\"__1 _8\"></span>ent<span class=\"__1 _5\"></span>es<span class=\"__1 _1bc\"> </span></span>Tot<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span> L<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>go<span class=\"__1 _1bc\"> </span>pl<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>zo<span class=\"__1 _1bc\"> </span>Otros<span class=\"__1 _8\"></span> pa<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>vos<span class=\"__1 _8\"></span> fi<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>ero<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> Ne<span class=\"__1 _5\"></span>goci<span class=\"__1 _8\"></span>o CELU<span class=\"__1 _70\"></span>LOSA -<span class=\"__1 _1bc\"> </span>Fi<span class=\"__1 _6\"></span>na<span class=\"__1 _8\"></span>nci<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>\u00f3<span class=\"__1 _6\"></span>n or<span class=\"__1 _6\"></span>ga<span class=\"__1 _6\"></span>ni<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>mos<span class=\"__1 _6\"></span> p\u00fab<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>co<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>42<span class=\"__1 _6\"></span>.88<span class=\"__1 _6\"></span>5             8.73<span class=\"__1 _6\"></span>7 <span class=\"__1 _7c\"> </span>             8.13<span class=\"__1 _6\"></span>0 <span class=\"__1 _cd\"> </span>             8.161<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>             6<span class=\"__1 _6\"></span>.305<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>             6<span class=\"__1 _6\"></span>.316<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>             5.23<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span>34<span class=\"__1 _6\"></span>.14<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span>Pa<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>vos<span class=\"__1 _8\"></span> por<span class=\"__1 _6\"></span> derecho d<span class=\"__1 _6\"></span>e us<span class=\"__1 _6\"></span>o (Nota 1<span class=\"__1 _6\"></span>7)           42<span class=\"__1 _6\"></span>.003<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>             4.00<span class=\"__1 _6\"></span>5 <span class=\"__1 _7c\"> </span>             3<span class=\"__1 _6\"></span>.791<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>             3<span class=\"__1 _6\"></span>.128<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>             2.66<span class=\"__1 _6\"></span>7 <span class=\"__1 _cd\"> </span>             1.570<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>           26<span class=\"__1 _6\"></span>.842<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>           3<span class=\"__1 _6\"></span>7.99<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span>84<span class=\"__1 _6\"></span>.888<span class=\"__1 _153\"> </span>1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.742<span class=\"__1 _2c\"> </span>11<span class=\"__1 _6\"></span>.921<span class=\"__1 _49\"> </span>11.289<span class=\"__1 _b\"> </span>8.97<span class=\"__1 _6\"></span>2<span class=\"__1 _14d\"> </span>7<span class=\"__1 _6\"></span>.886<span class=\"__1 _153\"> </span>3<span class=\"__1 _6\"></span>2.07<span class=\"__1 _6\"></span>8<span class=\"__1 _153\"> </span>7<span class=\"__1 _6\"></span>2.14<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span>Otros<span class=\"__1 _8\"></span> pa<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>vos<span class=\"__1 _8\"></span> fi<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>ero<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> Ne<span class=\"__1 _5\"></span>goci<span class=\"__1 _8\"></span>o REN<span class=\"__1 _5\"></span>OVAB<span class=\"__1 _5\"></span>LE<span class=\"__1 _70\"></span>S <span class=\"__1 _6\"></span>-<span class=\"__1 _1bc\"> </span>Pa<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>vos<span class=\"__1 _8\"></span> por<span class=\"__1 _6\"></span> derecho d<span class=\"__1 _6\"></span>e us<span class=\"__1 _6\"></span>o (Nota 1<span class=\"__1 _6\"></span>7)<span class=\"__1 _1bc\"> </span>2.83<span class=\"__1 _6\"></span>2             1.10<span class=\"__1 _6\"></span>2 <span class=\"__1 _7e\"> </span>                 66<span class=\"__1 _6\"></span>5 <span class=\"__1 _150\"> </span>                 5<span class=\"__1 _6\"></span>16<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>                 320<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>                 15<span class=\"__1 _6\"></span>2 <span class=\"__1 _cb\"> </span>                   7<span class=\"__1 _6\"></span>7<span class=\"__1 _1bc\"> </span>1.73<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span>2.83<span class=\"__1 _6\"></span>2<span class=\"__1 _14d\"> </span>1.10<span class=\"__1 _6\"></span>2<span class=\"__1 _dd\"> </span><span class=\"ls80\">665<span class=\"__1 _108\"> </span>516<span class=\"__1 _25\"> </span>320<span class=\"__1 _103\"> </span>152<span class=\"__1 _18\"> </span>77<span class=\"__1 _f9\"> </span></span>1.73<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span>87<span class=\"__1 _6\"></span>.720<span class=\"__1 _153\"> </span>1<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.844<span class=\"__1 _2c\"> </span>12<span class=\"__1 _6\"></span>.586<span class=\"__1 _49\"> </span>11.805<span class=\"__1 _b\"> </span>9.29<span class=\"__1 _6\"></span>2<span class=\"__1 _14d\"> </span>8<span class=\"__1 _6\"></span>.038<span class=\"__1 _153\"> </span>3<span class=\"__1 _6\"></span>2.15<span class=\"__1 _6\"></span>5<span class=\"__1 _153\"> </span>7<span class=\"__1 _6\"></span>3.87<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span>Ve<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>mi<span class=\"__1 _6\"></span>ent<span class=\"__1 _5\"></span>o en e<span class=\"__1 _5\"></span>l<span class=\"__1 _6\"></span> a<span class=\"__1 _6\"></span>\u00f1<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>2022<span class=\"__1 _1bc\"> </span>Cor<span class=\"__1 _6\"></span>to pl<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>zo<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span> de Euros<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>Di<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>pues<span class=\"__1 _6\"></span>to<span class=\"__1 _1bc\"> </span>2023<span class=\"__1 _15\"> </span>2024<span class=\"__1 _117\"> </span>2025<span class=\"__1 _67\"> </span>2026<span class=\"__1 _67\"> </span>2027<span class=\"__1 _110\"> </span><span class=\"ls0_1\">Si<span class=\"__1 _8\"></span>gui<span class=\"__1 _6\"></span>ente<span class=\"__1 _5\"></span>s<span class=\"__1 _1bc\"> </span></span>Tot<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span> L<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>go<span class=\"__1 _1bc\"> </span>pl<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>zo<span class=\"__1 _1bc\"> </span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> pa<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>os<span class=\"__1 _6\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>eros<span class=\"__1 _6\"></span> Neg<span class=\"__1 _5\"></span>oc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>o CELU<span class=\"__1 _5\"></span>LOSA<span class=\"__1 _5\"></span> -<span class=\"__1 _1bc\"> </span>Fi<span class=\"__1 _6\"></span>na<span class=\"__1 _8\"></span>nci<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n or<span class=\"__1 _6\"></span>ga<span class=\"__1 _6\"></span>ni<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>mos<span class=\"__1 _6\"></span> p\u00fab<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>co<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>49<span class=\"__1 _6\"></span>.97<span class=\"__1 _6\"></span>3<span class=\"__1 _14d\"> </span>8<span class=\"__1 _6\"></span>.34<span class=\"__1 _6\"></span>0<span class=\"__1 _129\"> </span>8.23<span class=\"__1 _6\"></span>4<span class=\"__1 _b\"> </span>8.1<span class=\"__1 _6\"></span>09<span class=\"__1 _b\"> </span>8<span class=\"__1 _6\"></span>.109<span class=\"__1 _b\"> </span>6<span class=\"__1 _6\"></span>.22<span class=\"__1 _6\"></span>1<span class=\"__1 _153\"> </span>1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.960<span class=\"__1 _49\"> </span>41<span class=\"__1 _6\"></span>.633<span class=\"__1 _1bc\"> </span>Pa<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>vos<span class=\"__1 _8\"></span> por<span class=\"__1 _6\"></span> derecho <span class=\"__1 _6\"></span>de us<span class=\"__1 _6\"></span>o (nota<span class=\"__1 _6\"></span> 1<span class=\"__1 _6\"></span>7)           37<span class=\"__1 _6\"></span>.603<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>             3<span class=\"__1 _6\"></span>.015<span class=\"__1 _6\"></span> <span class=\"__1 _113\"> </span>             2<span class=\"__1 _6\"></span>.508<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>             2<span class=\"__1 _6\"></span>.939<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>             1<span class=\"__1 _6\"></span>.830<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>             1.47<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>           25<span class=\"__1 _6\"></span>.832<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>           34<span class=\"__1 _6\"></span>.588<span class=\"__1 _1bc\"> </span>87<span class=\"__1 _6\"></span>.576<span class=\"__1 _49\"> </span>11.35<span class=\"__1 _6\"></span>5<span class=\"__1 _99\"> </span>1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.742<span class=\"__1 _49\"> </span>11.04<span class=\"__1 _6\"></span>8<span class=\"__1 _b\"> </span>9.93<span class=\"__1 _6\"></span>9<span class=\"__1 _b\"> </span>7.70<span class=\"__1 _6\"></span>0<span class=\"__1 _153\"> </span>3<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.792<span class=\"__1 _49\"> </span>76.22<span class=\"__1 _6\"></span>1<span class=\"__1 _1bc\"> </span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> pa<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>os<span class=\"__1 _6\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>eros<span class=\"__1 _6\"></span> Neg<span class=\"__1 _5\"></span>oc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>o ENE<span class=\"__1 _5\"></span>RGIA REN<span class=\"__1 _70\"></span>O<span class=\"__1 _6\"></span>VA<span class=\"__1 _70\"></span>BLE -<span class=\"__1 _1bc\"> </span>Pa<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>vos<span class=\"__1 _8\"></span> por<span class=\"__1 _6\"></span> derecho <span class=\"__1 _6\"></span>de us<span class=\"__1 _6\"></span>o (nota<span class=\"__1 _6\"></span> 1<span class=\"__1 _6\"></span>7)<span class=\"__1 _1bc\"> </span>1.69<span class=\"__1 _6\"></span>7<span class=\"__1 _25\"> </span><span class=\"ls82\">661<span class=\"__1 _35\"> </span>389<span class=\"__1 _25\"> </span>288<span class=\"__1 _108\"> </span>192<span class=\"__1 _18\"> </span>50<span class=\"__1 _25\"> </span>117<span class=\"__1 _14d\"> </span></span>1.03<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span>1.69<span class=\"__1 _6\"></span>7<span class=\"__1 _25\"> </span><span class=\"ls82\">661<span class=\"__1 _111\"> </span>389<span class=\"__1 _25\"> </span>288<span class=\"__1 _25\"> </span>192<span class=\"__1 _18\"> </span>50<span class=\"__1 _25\"> </span>117<span class=\"__1 _f9\"> </span></span>1<span class=\"__1 _6\"></span>.036<span class=\"__1 _1bc\"> </span>89<span class=\"__1 _6\"></span>.273<span class=\"__1 _49\"> </span>12.01<span class=\"__1 _6\"></span>6<span class=\"__1 _99\"> </span>1<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.131<span class=\"__1 _49\"> </span>11.33<span class=\"__1 _6\"></span>6<span class=\"__1 _153\"> </span>1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.131<span class=\"__1 _b\"> </span>7<span class=\"__1 _6\"></span>.750<span class=\"__1 _49\"> </span>36.90<span class=\"__1 _6\"></span>9<span class=\"__1 _153\"> </span>7<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.257<span class=\"__1 _1bc\"> </span>Ve<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>mi<span class=\"__1 _6\"></span>ent<span class=\"__1 _5\"></span>o en e<span class=\"__1 _5\"></span>l<span class=\"__1 _6\"></span> a<span class=\"__1 _6\"></span>\u00f1<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>La <span class=\"__1 _c8\"> </span>cuenta<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>\u201cFina<span class=\"__1 _6\"></span>nciaci\u00f3n <span class=\"__1 _c8\"> </span>o<span class=\"__1 _6\"></span>rganismos<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>p\u00fab<span class=\"__1 _6\"></span>licos\u201d <span class=\"__1 _c8\"> </span>corres<span class=\"__1 _6\"></span>ponde <span class=\"__1 _c8\"> </span>fund<span class=\"__1 _6\"></span>amentalmente <span class=\"__1 _c8\"> </span>a <span class=\"__1 _c6\"> </span>pr<span class=\"__1 _6\"></span>\u00e9stamos <span class=\"__1 _c6\"> </span>obtenidos,<span class=\"__1 _1bc\"> </span> normalmente <span class=\"__1 _c8\"> </span>a <span class=\"__1 _c8\"> </span>tip<span class=\"__1 _6\"></span>os <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"></span>inter\u00e9s <span class=\"__1 _c8\"></span>favorables, <span class=\"__1 _c8\"> </span>que <span class=\"__1 _c8\"> </span>financian <span class=\"__1 _c8\"> </span>pro<span class=\"__1 _6\"></span>yectos <span class=\"__1 _c8\"></span>para <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c8\"> </span>ampliaci\u00f3n <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c6\"> </span>mejora <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"> </span>la<span class=\"__1 _1bc\"> </span> capacidad productiv<span class=\"__1 _6\"></span>a de <span class=\"__1 _5\"></span>las biof\u00e1bricas de producci\u00f3n de celulosa, as\u00ed como el desarrollo de <span class=\"__1 _5\"></span>actividades de<span class=\"__1 _1bc\"> </span> I+D+i en <span class=\"__1 _6\"></span>EN<span class=\"__1 _6\"></span>CE. <span class=\"__1 _6\"></span>Su <span class=\"__1 _6\"></span>plazo <span class=\"__1 _6\"></span>de amortizaci\u00f3n <span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>10 <span class=\"__1 _6\"></span>a\u00f1os, <span class=\"__1 _6\"></span>con un <span class=\"__1 _6\"></span>periodo <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>carencia <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>3 a\u00f1<span class=\"__1 _6\"></span>os, y <span class=\"__1 _6\"></span>devengan<span class=\"__1 _1bc\"> </span> un tipo de in<span class=\"__1 _6\"></span>ter\u00e9s fijo que se sit\u00faa <span class=\"__1 _6\"></span>en el rango 1%-2,2<span class=\"__1 _6\"></span>9%.<span class=\"__1 _1bc\"> </span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-552": {
   "value": "5.3<span class=\"ff5\"> <span class=\"__1 _cc\"> </span></span><span class=\"fc3\">Riesgos de liquid<span class=\"__1 _5\"></span>ez y capita<span class=\"__1 _5\"></span>l<span class=\"__1 _1bc\"> </span></span>La <span class=\"__1 _6\"></span>exposici\u00f3n <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>situ<span class=\"__1 _6\"></span>aciones <span class=\"__1 _6\"></span>adversas <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>mercados<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>deuda <span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>capitales <span class=\"__1 _6\"></span>puede <span class=\"__1 _6\"></span>dific<span class=\"__1 _6\"></span>ultar <span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>impedir <span class=\"__1 _6\"></span>la<span class=\"__1 _1bc\"> </span>cobertura de <span class=\"__1 _5\"></span>las necesidades f<span class=\"__1 _70\"></span>inan<span class=\"__1 _6\"></span>cieras que <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>e re<span class=\"__1 _5\"></span>quieren para <span class=\"__1 _70\"></span>el desarrollo adecuado de <span class=\"__1 _70\"></span>las actividades del<span class=\"__1 _1bc\"> </span>Grupo y su<span class=\"__1 _6\"></span> Plan de Negocio futuro. La <span class=\"__1 _8\"></span>pol\u00edtica <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>liquidez <span class=\"__1 _8\"></span>seguida <span class=\"__1 _8\"></span>por <span class=\"__1 _8\"></span>ENCE <span class=\"__1 _6\"></span>est\u00e1<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>orienta<span class=\"__1 _6\"></span>da <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>garantizar <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>disponibilidad <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>fondos<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>necesarios<span class=\"__1 _1bc\"> </span>para <span class=\"__1 _c8\"> </span>as<span class=\"__1 _6\"></span>egurar <span class=\"__1 _c8\"> </span>el <span class=\"__1 _c8\"> </span>cu<span class=\"__1 _6\"></span>mplimiento <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c8\"> </span>las <span class=\"__1 _c6\"> </span>obligaciones <span class=\"__1 _c8\"> </span>adq<span class=\"__1 _6\"></span>uiridas <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c6\"> </span>el <span class=\"__1 _c8\"> </span>desarro<span class=\"__1 _6\"></span>llo <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"> </span>sus <span class=\"__1 _c6\"> </span>planes <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>negocio,<span class=\"__1 _1bc\"> </span>manteniendo en <span class=\"__1 _6\"></span>todo <span class=\"__1 _6\"></span>momento <span class=\"__1 _6\"></span>el nivel <span class=\"__1 _6\"></span>\u00f3ptimo d<span class=\"__1 _6\"></span>e re<span class=\"__1 _6\"></span>cursos<span class=\"__1 _6\"></span> l\u00edquidos<span class=\"__1 _6\"></span> y p<span class=\"__1 _6\"></span>rocurando la <span class=\"__1 _6\"></span>mayor eficiencia <span class=\"__1 _6\"></span>en la<span class=\"__1 _1bc\"> </span>gesti\u00f3n de los recurs<span class=\"__1 _6\"></span>os financieros.<span class=\"__1 _1bc\"> </span>Cada uno de los dos negocios de <span class=\"__1 _5\"></span>ENCE se financia y gestiona de manera <span class=\"__1 _5\"></span>individualizad<span class=\"__1 _6\"></span>a, teniendo en cuenta<span class=\"__1 _1bc\"> </span>sus caracter\u00edsticas<span class=\"__1 _6\"></span>, sin existir recursos o gara<span class=\"__1 _6\"></span>nt\u00edas sign<span class=\"__1 _6\"></span>ificativas entre a<span class=\"__1 _6\"></span>mbos.<span class=\"__1 _1bc\"> </span>Este <span class=\"__1 _6\"></span>es <span class=\"__1 _8\"></span>uno <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>riesgos <span class=\"__1 _8\"></span>que <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>siguen <span class=\"__1 _8\"></span>con <span class=\"__1 _6\"></span>mayor <span class=\"__1 _8\"></span>atenci\u00f3n <span class=\"__1 _6\"></span>por <span class=\"__1 _8\"></span>parte <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>ENCE, <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>par<span class=\"__1 _6\"></span>a el <span class=\"__1 _6\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _6\"></span>lleva <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>cabo<span class=\"__1 _1bc\"> </span>un <span class=\"__1 _c8\"></span>control <span class=\"__1 _4\"></span>y <span class=\"__1 _c8\"> </span>seguimiento <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"></span>sus <span class=\"__1 _4\"></span>n<span class=\"__1 _6\"></span>ecesidades <span class=\"__1 _c8\"></span>financieras <span class=\"__1 _4\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _c8\"></span>va <span class=\"__1 _4\"></span>desde <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c8\"></span>elaboraci\u00f3n <span class=\"__1 _4\"></span>de <span class=\"__1 _c8\"> </span>prevision<span class=\"__1 _6\"></span>es <span class=\"__1 _4\"></span>de<span class=\"__1 _1bc\"> </span>tesorer\u00eda <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>la plan<span class=\"__1 _6\"></span>ificaci\u00f3n <span class=\"__1 _6\"></span>financiera <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>acompa\u00f1a <span class=\"__1 _8\"></span>a los <span class=\"__1 _6\"></span>presupuestos <span class=\"__1 _6\"></span>anuales <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>plan estrat\u00e9gico<span class=\"__1 _8\"></span>. <span class=\"__1 _6\"></span>ENCE<span class=\"__1 _1bc\"> </span>mantiene <span class=\"__1 _70\"></span>fuentes <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>financiaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>diversificadas y <span class=\"__1 _70\"></span>estables, <span class=\"__1 _70\"></span>todo <span class=\"__1 _70\"></span>ello <span class=\"__1 _5\"></span>en <span class=\"__1 _70\"></span>el <span class=\"__1 _5\"></span>marco <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>una <span class=\"__1 _5\"></span>estructura <span class=\"__1 _70\"></span>financiera<span class=\"__1 _1bc\"> </span>que resulta compatib<span class=\"__1 _6\"></span>le con el nivel de calificac<span class=\"__1 _6\"></span>i\u00f3n creditici<span class=\"__1 _6\"></span>a actu<span class=\"__1 _6\"></span>al.<span class=\"__1 _1bc\"> </span>En <span class=\"__1 _8\"></span>este <span class=\"__1 _8\"></span>sentido,<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>Grupo <span class=\"__1 _8\"></span>dis<span class=\"__1 _6\"></span>pone <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>un <span class=\"__1 _8\"></span>sis<span class=\"__1 _6\"></span>tema <span class=\"__1 _8\"></span>global <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>con<span class=\"__1 _6\"></span>trol <span class=\"__1 _8\"></span>econ\u00f3mico <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>resupuestario <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>ara <span class=\"__1 _8\"></span>cada<span class=\"__1 _1bc\"> </span>negocio, <span class=\"__1 _5\"></span>adaptado<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>a cada <span class=\"__1 _5\"></span>actividad, que <span class=\"__1 _70\"></span>prop<span class=\"__1 _6\"></span>orciona la <span class=\"__1 _70\"></span>informaci\u00f3n necesaria <span class=\"__1 _70\"></span>a los <span class=\"__1 _70\"></span>resp<span class=\"__1 _6\"></span>onsables de <span class=\"__1 _70\"></span>negocio<span class=\"__1 _1bc\"> </span>y les permite controlar los<span class=\"__1 _6\"></span> riesgos <span class=\"__1 _6\"></span>potenciales y<span class=\"__1 _6\"></span> adoptar las decisiones d<span class=\"__1 _6\"></span>e gesti\u00f3n m\u00e1s adecuadas<span class=\"__1 _6\"></span>. En coherencia con esta pol\u00edtica de prudencia financiera <span class=\"__1 _5\"></span>ENCE mantiene al 31 de <span class=\"__1 _5\"></span>diciembre de 2023 recursos<span class=\"__1 _1bc\"> </span>en ef<span class=\"__1 _5\"></span>ectivo y <span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span>tros instrumentos <span class=\"__1 _5\"></span>financieros l\u00edquidos <span class=\"__1 _70\"></span>y l\u00edneas de <span class=\"__1 _70\"></span>cr\u00e9dito no <span class=\"__1 _5\"></span>dispuesta<span class=\"__1 _6\"></span>s suficie<span class=\"__1 _5\"></span>ntes para cubrir<span class=\"__1 _1bc\"> </span>ampliamente todas<span class=\"__1 _6\"></span> sus obligaciones a corto<span class=\"__1 _6\"></span> plazo<span class=\"__1 _6\"></span> (v\u00e9anse Notas 27 <span class=\"__1 _6\"></span>y 28).<span class=\"__1 _1bc\"> </span>Asimismo, <span class=\"__1 _c6\"> </span>se <span class=\"__1 _c6\"> </span>ha <span class=\"__1 _ca\"> </span>establecido <span class=\"__1 _c6\"> </span>u<span class=\"__1 _6\"></span>n <span class=\"__1 _c6\"> </span>nivel <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>end<span class=\"__1 _6\"></span>eudamiento <span class=\"__1 _c6\"> </span>neto <span class=\"__1 _c6\"> </span>o<span class=\"__1 _6\"></span>bjetivo <span class=\"__1 _c6\"> </span>adapta<span class=\"__1 _6\"></span>do <span class=\"__1 _c6\"> </span>al <span class=\"__1 _c6\"> </span>p<span class=\"__1 _6\"></span>erfil <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c6\"> </span>potencial<span class=\"__1 _1bc\"> </span>volatilidad <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>ingresos <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>distintos <span class=\"__1 _8\"></span>negocios <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>Grupo. <span class=\"__1 _8\"></span>En <span class=\"__1 _8\"></span>este <span class=\"__1 _8\"></span>sentido <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>icho <span class=\"__1 _8\"></span>nivel <span class=\"__1 _6\"></span>objetivo <span class=\"__1 _8\"></span>para <span class=\"__1 _8\"></span>el<span class=\"__1 _1bc\"> </span>Negocio <span class=\"__1 _c8\"> </span>Celulosa <span class=\"__1 _c6\"> </span>se <span class=\"__1 _c8\"> </span>ha <span class=\"__1 _c8\"> </span>estab<span class=\"__1 _6\"></span>lecido <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c8\"> </span>2,5 <span class=\"__1 _c8\"> </span>ve<span class=\"__1 _6\"></span>ces <span class=\"__1 _c8\"></span>el <span class=\"__1 _c8\"></span>resultad<span class=\"__1 _6\"></span>o <span class=\"__1 _c8\"> </span>bruto <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"></span>explotaci\u00f3n <span class=\"__1 _c8\"> </span>(EBITDA) <span class=\"__1 _c6\"> </span>recurrente<span class=\"__1 _1bc\"> </span>considerando  un  precio <span class=\"__1 _c6\"> </span>de  la  celulosa <span class=\"__1 _ca\"> </span>y  del <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>\u00f3lar  medios <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>el  cic<span class=\"__1 _5\"></span>lo,  y <span class=\"__1 _ca\"> </span>de  4-5  veces  e<span class=\"__1 _5\"></span>n  el <span class=\"__1 _c6\"> </span>Negocio  de<span class=\"__1 _1bc\"> </span>Renovables. La  deuda  finan<span class=\"__1 _6\"></span>ciera  neta  y <span class=\"__1 _cb\"> </span>el  EBITDA  son  magnitud<span class=\"__1 _6\"></span>es  no<span class=\"__1 _6\"></span>  desglosadas<span class=\"__1 _6\"></span>  en  los <span class=\"__1 _cb\"> </span>estados  financieros.  Su<span class=\"__1 _1bc\"> </span>cuantificaci\u00f3n <span class=\"__1 _6\"></span>as\u00ed como <span class=\"__1 _6\"></span>su <span class=\"__1 _6\"></span>reconciliaci\u00f3n con<span class=\"__1 _6\"></span> los<span class=\"__1 _6\"></span> estados <span class=\"__1 _6\"></span>financieros se <span class=\"__1 _6\"></span>detallan <span class=\"__1 _6\"></span>en el <span class=\"__1 _6\"></span>Anexo I <span class=\"__1 _6\"></span>al Informe <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span>Gesti\u00f3n <span class=\"__1 _6\"></span>sob<span class=\"__1 _6\"></span>re <span class=\"__1 _6\"></span>Actividad <span class=\"__1 _8\"></span>del <span class=\"__1 _6\"></span>G<span class=\"__1 _6\"></span>rupo <span class=\"__1 _6\"></span>en<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>2023. <span class=\"__1 _6\"></span>El <span class=\"__1 _8\"></span>endeudamiento<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>neto <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>egocios <span class=\"__1 _6\"></span>al <span class=\"__1 _8\"></span>31 <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>diciembr<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span>2023 y 2022 calculado<span class=\"__1 _6\"></span> como \u201cdeud<span class=\"__1 _6\"></span>a financiera neta / EBITD<span class=\"__1 _6\"></span>A\u201d es el siguiente:<span class=\"__1 _1bc\"> </span>La informaci\u00f3n <span class=\"__1 _5\"></span>relativa al <span class=\"__1 _70\"></span>an<span class=\"__1 _6\"></span>\u00e1lisis de <span class=\"__1 _70\"></span>los vencimie<span class=\"__1 _5\"></span>ntos de los <span class=\"__1 _70\"></span>pasiv<span class=\"__1 _6\"></span>os f<span class=\"__1 _5\"></span>inancieros a <span class=\"__1 _70\"></span>q<span class=\"__1 _6\"></span>ue hace<span class=\"__1 _5\"></span> referencia la <span class=\"__1 _70\"></span>N<span class=\"__1 _6\"></span>IIF<span class=\"__1 _1bc\"> </span>Mill<span class=\"__1 _5\"></span>ones \u20ac<span class=\"__1 _1bc\"> </span>2023<span class=\"__1 _25\"> </span>2022<span class=\"__1 _25\"> </span>2023<span class=\"__1 _25\"> </span>2022<span class=\"__1 _1bc\"> </span>D<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>uda financ<span class=\"__1 _5\"></span>ie<span class=\"__1 _5\"></span>ra ne<span class=\"__1 _5\"></span>ta<span class=\"__1 _1bc\"> </span>18<span class=\"__1 _6\"></span>6,1<span class=\"__1 _101\"> </span>(36<span class=\"__1 _6\"></span>,1)<span class=\"__1 _1bc\"> </span>93<span class=\"__1 _6\"></span>,5<span class=\"__1 _ee\"> </span>6,1<span class=\"__1 _1bc\"> </span>EB<span class=\"__1 _70\"></span>ITD<span class=\"__1 _70\"></span>A<span class=\"__1 _f4\"> </span>46<span class=\"__1 _6\"></span>,2<span class=\"__1 _5a\"> </span>1<span class=\"__1 _6\"></span>37<span class=\"__1 _6\"></span>,7<span class=\"__1 _f5\"> </span>43<span class=\"__1 _6\"></span>,1<span class=\"__1 _5a\"> </span>1<span class=\"__1 _6\"></span>09<span class=\"__1 _6\"></span>,8<span class=\"__1 _1bc\"> </span>Ra<span class=\"__1 _5\"></span>tio De<span class=\"__1 _5\"></span>uda ne<span class=\"__1 _70\"></span>t<span class=\"__1 _6\"></span>a /EBI<span class=\"__1 _5\"></span>TD<span class=\"__1 _70\"></span>A<span class=\"__1 _1bc\"> </span>4,0<span class=\"__1 _41\"> </span>(<span class=\"__1 _5\"></span>0,3)<span class=\"__1 _1bc\"> </span>2,2<span class=\"__1 _ee\"> </span>0,1<span class=\"__1 _1bc\"> </span>Negoci<span class=\"__1 _5\"></span>o Celulo<span class=\"__1 _5\"></span>saNegoci<span class=\"__1 _5\"></span>o Re<span class=\"__1 _6\"></span>nova<span class=\"__1 _70\"></span>bles<span class=\"__1 _1bc\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-21": {
   "value": "8.<span class=\"ff5 ls0_1\"> <span class=\"__1 _c1\"> </span><span class=\"ff3_1\">Segmentos de operaci\u00f3n </span></span>El Grupo <span class=\"__1 _6\"></span>ha definido <span class=\"__1 _6\"></span>los s<span class=\"__1 _6\"></span>iguientes segmentos <span class=\"__1 _6\"></span>de reporte, <span class=\"__1 _6\"></span>sobre <span class=\"__1 _6\"></span>los que <span class=\"__1 _6\"></span>dispone de <span class=\"__1 _6\"></span>informaci\u00f3n financiera<span class=\"__1 _6\"></span> completa <span class=\"__1 _c8\"></span>e <span class=\"__1 _4\"></span>independiente <span class=\"__1 _c8\"></span>que <span class=\"__1 _4\"></span>es<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>revisad<span class=\"__1 _6\"></span>a <span class=\"__1 _4\"></span>peri\u00f3dicam<span class=\"__1 _6\"></span>ente <span class=\"__1 _4\"></span>por <span class=\"__1 _c8\"></span>la <span class=\"__1 _4\"></span>alta <span class=\"__1 _c8\"></span>Direcci\u00f3n, <span class=\"__1 _4\"></span>ju<span class=\"__1 _6\"></span>nto <span class=\"__1 _4\"></span>a <span class=\"__1 _c8\"> </span>la <span class=\"__1 _4\"></span>in<span class=\"__1 _6\"></span>formaci\u00f3n operativa, <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c6\"> </span>el <span class=\"__1 _c6\"> </span>proceso <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>toma <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>decisiones <span class=\"__1 _c6\"> </span>sobre <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c6\"> </span>asignaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>recursos <span class=\"__1 _c6\"> </span>y <span class=\"__1 _ca\"> </span>la <span class=\"__1 _c8\"> </span>evaluaci\u00f3n <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>su rendimiento, y que s<span class=\"__1 _6\"></span>e agrupan entorn<span class=\"__1 _6\"></span>o a dos l\u00edneas d<span class=\"__1 _6\"></span>e negocio de<span class=\"__1 _6\"></span> acuerdo al s<span class=\"__1 _6\"></span>iguiente detalle: ENCE Celulosa- Esta l\u00ednea de n<span class=\"__1 _6\"></span>egocio agrupa los s<span class=\"__1 _6\"></span>iguientes segmentos d<span class=\"__1 _6\"></span>e reporte: \u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4\">Celulosa. <span class=\"__1 _c6\"> </span>Seg<span class=\"__1 _6\"></span>mento <span class=\"__1 _c6\"> </span>que  incluye <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c6\"> </span>activ<span class=\"__1 _6\"></span>idad <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c6\"> </span>fabricaci\u00f3n <span class=\"__1 _ca\"> </span>y <span class=\"__1 _c6\"> </span>venta<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>de <span class=\"__1 _ca\"> </span>celulosa <span class=\"__1 _c6\"> </span>pro<span class=\"__1 _6\"></span>ducida <span class=\"__1 _c6\"> </span>en <span class=\"__1 _ca\"> </span>las </span></span>biof\u00e1bricas de Pon<span class=\"__1 _6\"></span>tevedra y Navia (Principado d<span class=\"__1 _6\"></span>e As<span class=\"__1 _6\"></span>turias) junto con la cogeneraci\u00f3n y generaci\u00f3n d<span class=\"__1 _6\"></span>e electricidad integrada <span class=\"__1 _6\"></span>en el pro<span class=\"__1 _6\"></span>ceso de producci\u00f3n<span class=\"__1 _6\"></span> de celulosa, u<span class=\"__1 _6\"></span>tilizando como in<span class=\"__1 _6\"></span>sumo la parte de la madera que no pu<span class=\"__1 _6\"></span>ede transformarse en celulosa,<span class=\"__1 _6\"></span> principalmente lignin<span class=\"__1 _6\"></span>a y biomasa. <span class=\"__1 _8\"></span> \u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4\">Patrimonio <span class=\"__1 _6\"></span>Forestal <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>otros. <span class=\"__1 _6\"></span>Segmento <span class=\"__1 _6\"></span>que in<span class=\"__1 _6\"></span>corpora p<span class=\"__1 _6\"></span>rincipalmente <span class=\"__1 _6\"></span>los cultiv<span class=\"__1 _6\"></span>os d<span class=\"__1 _6\"></span>e mas<span class=\"__1 _6\"></span>as foresta<span class=\"__1 _6\"></span>les </span></span>que <span class=\"__1 _cb\"> </span>posteriormente <span class=\"__1 _cb\"> </span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _cb\"> </span>utilizan <span class=\"__1 _c9\"> </span>como <span class=\"__1 _cb\"> </span>materia <span class=\"__1 _cb\"> </span>prima <span class=\"__1 _cb\"> </span>en<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>la <span class=\"__1 _cb\"> </span>prod<span class=\"__1 _6\"></span>ucci\u00f3n <span class=\"__1 _cb\"> </span>de <span class=\"__1 _cb\"> </span>celulosa <span class=\"__1 _c9\"> </span>(patrimonio disponible <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _4\"></span>norte <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>Es<span class=\"__1 _6\"></span>pa\u00f1a), <span class=\"__1 _4\"></span>o <span class=\"__1 _8\"></span>b<span class=\"__1 _6\"></span>ien <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>v<span class=\"__1 _6\"></span>enden <span class=\"__1 _4\"></span>a <span class=\"__1 _8\"></span>terceros <span class=\"__1 _4\"></span>(patrimonio <span class=\"__1 _4\"></span>disponibl<span class=\"__1 _8\"></span>e <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _4\"></span>sur <span class=\"__1 _4\"></span>de<span class=\"__1 _70\"></span> Espa\u00f1a) as\u00ed como o<span class=\"__1 _6\"></span>tras actividades fores<span class=\"__1 _6\"></span>tales residuales.<span class=\"__1 _6\"></span> ENCE Renovab<span class=\"__1 _6\"></span>les- Esta l\u00ednea de n<span class=\"__1 _6\"></span>egocio agrupa los s<span class=\"__1 _6\"></span>iguientes segmentos d<span class=\"__1 _6\"></span>e reporte: \u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4\">Biomasa. incluye <span class=\"__1 _70\"></span>a <span class=\"__1 _70\"></span>las plantas <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>generaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>y <span class=\"__1 _5\"></span>venta <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>energ\u00eda <span class=\"__1 _5\"></span>el\u00e9ctrica <span class=\"__1 _70\"></span>renov<span class=\"__1 _6\"></span>able <span class=\"__1 _70\"></span>a <span class=\"__1 _5\"></span>partir de <span class=\"__1 _70\"></span>biom<span class=\"__1 _6\"></span>asa </span></span>agr\u00edcola <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>forestal, <span class=\"__1 _6\"></span>desarrolladas <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>operadas <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>forma <span class=\"__1 _6\"></span>independiente. <span class=\"__1 _8\"></span>La <span class=\"__1 _6\"></span>capacid<span class=\"__1 _6\"></span>ad <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>generaci\u00f3n de energ\u00eda el\u00e9ctrica renovab<span class=\"__1 _6\"></span>le, actualmente en op<span class=\"__1 _6\"></span>eraci\u00f3n, es de 266 MW.<span class=\"__1 _8\"></span> \u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4\">Biog\u00e1s. <span class=\"__1 _4\"></span>Actividad <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>producci\u00f3n <span class=\"__1 _4\"></span>de <span class=\"__1 _6\"></span>gas<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>renovab<span class=\"__1 _6\"></span>le <span class=\"__1 _8\"></span>(Biom<span class=\"__1 _6\"></span>etano) <span class=\"__1 _4\"></span>a <span class=\"__1 _8\"></span>partir <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>subproduct<span class=\"__1 _8\"></span>os <span class=\"__1 _4\"></span>agr\u00edcolas <span class=\"__1 _8\"></span>y </span></span>ganaderos par<span class=\"__1 _6\"></span>a su inyecci\u00f3n a la red de gas n<span class=\"__1 _6\"></span>atural<span class=\"__1 _6\"></span><span class=\"ls17\">. </span> \u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4\">Servicios <span class=\"__1 _cb\"> </span>energ\u00e9ticos. <span class=\"__1 _cb\"> </span>Actividad  d<span class=\"__1 _6\"></span>e  operaci\u00f3n <span class=\"__1 _cb\"> </span>de  cald<span class=\"__1 _6\"></span>eras <span class=\"__1 _cb\"> </span>de  biomasa <span class=\"__1 _cb\"> </span>para  reemplazar <span class=\"__1 _cb\"> </span>equipos </span></span>alimentados <span class=\"__1 _8\"></span>con <span class=\"__1 _8\"></span>combustib<span class=\"__1 _6\"></span>les <span class=\"__1 _6\"></span>f\u00f3s<span class=\"__1 _6\"></span>iles <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>instalacion<span class=\"__1 _6\"></span>es <span class=\"__1 _8\"></span>industriales, <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>con <span class=\"__1 _8\"></span>esta <span class=\"__1 _8\"></span>medida <span class=\"__1 _8\"></span>reduce<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>u factura de derechos de e<span class=\"__1 _6\"></span>misi\u00f3n. <span class=\"__1 _6\"></span> \u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4\">EN<span class=\"__1 _6\"></span>CE CO2. Actividad de gener<span class=\"__1 _6\"></span>aci\u00f3n y comercializaci\u00f3n d<span class=\"__1 _6\"></span>e cr<span class=\"__1 _6\"></span>\u00e9ditos de carbo<span class=\"__1 _6\"></span>no. </span></span>Las <span class=\"__1 _4\"></span>actividades <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>Biog\u00e1s<span class=\"__1 _6\"></span>, <span class=\"__1 _4\"></span>Servicios <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>nerg\u00e9ticos <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>Ence <span class=\"__1 _8\"></span>CO2<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>est\u00e1n <span class=\"__1 _8\"></span>actualmente<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>promoci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>iendo <span class=\"__1 _4\"></span>sus magnitudes <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>escasa <span class=\"__1 _8\"></span>signific<span class=\"__1 _6\"></span>atividad<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>acu<span class=\"__1 _6\"></span>erdo <span class=\"__1 _8\"></span>con <span class=\"__1 _8\"></span>NIIF-8, <span class=\"__1 _8\"></span>por <span class=\"__1 _8\"></span>lo <span class=\"__1 _6\"></span>qu<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>ef<span class=\"__1 _6\"></span>ectos <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>eporte <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>infor<span class=\"__1 _6\"></span>man conjuntamente con el <span class=\"__1 _6\"></span>segmento<span class=\"__1 _6\"></span> de biomasa. Al <span class=\"__1 _6\"></span><span class=\"ls0_1\">objeto <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>ampliar <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>in<span class=\"__1 _6\"></span>formaci\u00f3n <span class=\"__1 _6\"></span>conten<span class=\"__1 _6\"></span>ida <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>este <span class=\"__1 _6\"></span>ap<span class=\"__1 _6\"></span>artado, <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>e ad<span class=\"__1 _6\"></span>junta <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>Anex<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>II <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>estas <span class=\"__1 _6\"></span>cuentas </span>anuales el <span class=\"__1 _5\"></span>Estado de Situaci\u00f3n <span class=\"__1 _70\"></span>Fina<span class=\"__1 _6\"></span>nciera consolidado al <span class=\"__1 _70\"></span>31 de diciembre de <span class=\"__1 _5\"></span>202<span class=\"__1 _6\"></span>3 y <span class=\"__1 _5\"></span>2022 as\u00ed como <span class=\"__1 _70\"></span>el<span class=\"__1 _6\"></span> Estado de <span class=\"__1 _8\"></span>Resultado <span class=\"__1 _8\"></span>cons<span class=\"__1 _6\"></span>olidado <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>E<span class=\"__1 _6\"></span>stado <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>Flujos<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>Efectivo <span class=\"__1 _8\"></span>consolida<span class=\"__1 _6\"></span>do <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>ejercicios <span class=\"__1 _8\"></span>2<span class=\"__1 _6\"></span>023 <span class=\"__1 _8\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>2022 <span class=\"__1 _8\"></span>de<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>los negocios \u201cCelulosa\u201d y<span class=\"__1 _6\"></span> \u201cRenovable<span class=\"__1 _6\"></span><span class=\"ff4\">s</span>\u201d<span class=\"ff4\">. </span>8.1<span class=\"ff5\"> <span class=\"__1 _cc\"> </span></span><span class=\"fc3\">Informaci\u00f3n po<span class=\"__1 _5\"></span>r segmento de<span class=\"__1 _5\"></span> operaci\u00f3n </span>A continuaci\u00f3n, se <span class=\"__1 _70\"></span>detalla la i<span class=\"__1 _5\"></span>nformaci\u00f3n por <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>egmentos de <span class=\"__1 _70\"></span>activid<span class=\"__1 _6\"></span>ad para <span class=\"__1 _5\"></span>los e<span class=\"__1 _5\"></span>jercicios 2023 <span class=\"__1 _70\"></span>y 2022, basada en la informaci\u00f3n de g<span class=\"__1 _6\"></span>esti\u00f3n disp<span class=\"__1 _6\"></span>onible utilizada p<span class=\"__1 _6\"></span>eri\u00f3dicamente:<span class=\"__1 _6\"></span> 31<span class=\"__1 _6\"></span> de<span class=\"__1 _6\"></span> dici<span class=\"__1 _5\"></span>em<span class=\"__1 _6\"></span>br<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span> de<span class=\"__1 _6\"></span> 2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>23<span class=\"__1 _a\"> </span><span class=\"ff4 fc0_1\"> Ce<span class=\"__1 _70\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span>a</span> Pa<span class=\"__1 _8\"></span>tri<span class=\"__1 _8\"></span>moni<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>For<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>tal<span class=\"__1 _8\"></span> y<span class=\"__1 _1bc\"> </span>otros A<span class=\"__1 _5\"></span>j<span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>es<span class=\"__1 _6\"></span> y<span class=\"__1 _1bc\"> </span>e<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>m<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>nes Tot<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span>CEL<span class=\"__1 _70\"></span>UL<span class=\"__1 _70\"></span>O<span class=\"__1 _6\"></span>SA Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>nova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span>  A<span class=\"__1 _5\"></span>j<span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>es<span class=\"__1 _6\"></span> y<span class=\"__1 _1bc\"> </span>e<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>m<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>nes Tot<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l I<span class=\"__1 _5\"></span>ngre<span class=\"__1 _6\"></span>sos ordina<span class=\"__1 _5\"></span>rios: De<span class=\"__1 _5\"></span> te<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>eros<span class=\"__1 _8\"></span> <span class=\"__1 _f6\"> </span>61<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.97<span class=\"__1 _6\"></span>2<span class=\"__1 _103\"> </span>1<span class=\"__1 _6\"></span>.48<span class=\"__1 _6\"></span>9<span class=\"__1 _e\"> </span>-<span class=\"__1 _20\"> </span>62<span class=\"__1 _6\"></span>0.4<span class=\"__1 _6\"></span>61<span class=\"__1 _ab\"> </span>2<span class=\"__1 _6\"></span>09<span class=\"__1 _6\"></span>.14<span class=\"__1 _6\"></span>2<span class=\"__1 _e\"> </span>-<span class=\"__1 _20\"> </span>82<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>.60<span class=\"__1 _6\"></span>3 De<span class=\"__1 _5\"></span> otros<span class=\"__1 _8\"></span> s<span class=\"__1 _8\"></span>eg<span class=\"__1 _5\"></span>me<span class=\"__1 _70\"></span>ntos<span class=\"__1 _6\"></span> <span class=\"__1 _f7\"> </span>2.0<span class=\"__1 _6\"></span>44<span class=\"__1 _b\"> </span>16.5<span class=\"__1 _6\"></span>03<span class=\"__1 _5a\"> </span>(16<span class=\"__1 _6\"></span>.19<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>)<span class=\"__1 _103\"> </span>2.3<span class=\"__1 _6\"></span>52<span class=\"__1 _6d\"> </span>-<span class=\"__1 _97\"> </span>(2<span class=\"__1 _6\"></span>.73<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)<span class=\"__1 _a2\"> </span>(3<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>8) Total<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>ingresos: <span class=\"__1 _9b\"> </span>62<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.016<span class=\"__1 _b\"> </span>17.99<span class=\"__1 _6\"></span>2<span class=\"__1 _101\"> </span>(1<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.195<span class=\"__1 _6\"></span>)<span class=\"__1 _20\"> </span>6<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>2.81<span class=\"__1 _6\"></span>3<span class=\"__1 _ab\"> </span>20<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>.142<span class=\"__1 _4d\"> </span>(2<span class=\"__1 _6\"></span>.73<span class=\"__1 _6\"></span>0)<span class=\"__1 _20\"> </span>8<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>9.22<span class=\"__1 _6\"></span>5 Resultados<span class=\"__1 _5\"></span>: EB<span class=\"__1 _70\"></span>IT<span class=\"__1 _5\"></span>DA (*<span class=\"__1 _70\"></span>) <span class=\"__1 _f8\"> </span>41<span class=\"__1 _6\"></span>.88<span class=\"__1 _6\"></span>8<span class=\"__1 _103\"> </span>4<span class=\"__1 _6\"></span>.27<span class=\"__1 _6\"></span>7<span class=\"__1 _dc\"> </span>-<span class=\"__1 _f9\"> </span>46<span class=\"__1 _6\"></span>.16<span class=\"__1 _6\"></span>5<span class=\"__1 _f9\"> </span>4<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.645<span class=\"__1 _fa\"> </span>(2)<span class=\"__1 _f9\"> </span>88<span class=\"__1 _6\"></span>.80<span class=\"__1 _6\"></span>8 De<span class=\"__1 _5\"></span>te<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span>o y<span class=\"__1 _6\"></span> r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>tad<span class=\"__1 _6\"></span>o po<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span> e<span class=\"__1 _5\"></span>na<span class=\"__1 _8\"></span>j<span class=\"__1 _6\"></span>ena<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _1bc\"> </span>de i<span class=\"__1 _6\"></span>nmovi<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>za<span class=\"__1 _6\"></span>do<span class=\"__1 _1bc\"> </span>201<span class=\"__1 _80\"> </span><span class=\"ls0_1\">(1.10<span class=\"__1 _6\"></span>8)<span class=\"__1 _95\"> </span>(60<span class=\"__1 _6\"></span>)<span class=\"__1 _a2\"> </span>(9<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>)<span class=\"__1 _103\"> </span>8.79<span class=\"__1 _6\"></span>0<span class=\"__1 _e\"> </span>-<span class=\"__1 _fb\"> </span>7.8<span class=\"__1 _6\"></span>23</span> Bene<span class=\"__1 _6\"></span>fic<span class=\"__1 _70\"></span>io/<span class=\"__1 _6\"></span> (p\u00e9<span class=\"__1 _6\"></span>rdida) de e<span class=\"__1 _6\"></span>xplotac<span class=\"__1 _5\"></span>i\u00f3n  <span class=\"__1 _fc\"> </span>      (1<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>13<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>)  <span class=\"__1 _ce\"> </span><span class=\"ls34\">        (1.377<span class=\"__1 _6\"></span>)  <span class=\"__1 _c9\"> </span>                        -  <span class=\"__1 _cb\"> </span></span>   <span class=\"__1 _6\"></span>   (15<span class=\"__1 _6\"></span>.51<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>)  <span class=\"__1 _cf\"> </span><span class=\"ls34\">        1<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>91<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>  <span class=\"__1 _c9\"> </span>               1.622<span class=\"__1 _6\"></span>  <span class=\"__1 _cd\"> </span>        (1<span class=\"__1 _6\"></span>.980<span class=\"__1 _6\"></span>) </span> I<span class=\"__1 _6\"></span>ngr<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _8\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>eros<span class=\"__1 _8\"></span> <span class=\"__1 _d5\"> </span>6.69<span class=\"__1 _6\"></span>8<span class=\"__1 _103\"> </span>1<span class=\"__1 _6\"></span>.46<span class=\"__1 _6\"></span>9<span class=\"__1 _4d\"> </span>(1<span class=\"__1 _6\"></span>.75<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>)<span class=\"__1 _fb\"> </span>6<span class=\"__1 _6\"></span>.41<span class=\"__1 _6\"></span>4<span class=\"__1 _4a\"> </span><span class=\"ls33\">964<span class=\"__1 _fd\"> </span></span>(78<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>)<span class=\"__1 _103\"> </span>6<span class=\"__1 _6\"></span>.59<span class=\"__1 _6\"></span>1 Ga<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>tos<span class=\"__1 _6\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _8\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>eros<span class=\"__1 _8\"></span> <span class=\"__1 _fe\"> </span>(25<span class=\"__1 _6\"></span>.21<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>)<span class=\"__1 _a2\"> </span>(3<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>)<span class=\"__1 _29\"> </span>1<span class=\"__1 _6\"></span>.75<span class=\"__1 _6\"></span>3<span class=\"__1 _33\"> </span>(2<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.78<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>)<span class=\"__1 _33\"> </span>(1<span class=\"__1 _6\"></span>3.7<span class=\"__1 _6\"></span>90<span class=\"__1 _6\"></span>)<span class=\"__1 _35\"> </span><span class=\"ls33\">787<span class=\"__1 _ff\"> </span></span>(36<span class=\"__1 _6\"></span>.78<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>va<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> de cobertur<span class=\"__1 _6\"></span>a<span class=\"__1 _1bc\"> </span>-<span class=\"__1 _a0\"> </span>-<span class=\"__1 _9c\"> </span>-<span class=\"__1 _a0\"> </span>-<span class=\"__1 _a0\"> </span>-<span class=\"__1 _dc\"> </span>-<span class=\"__1 _a0\"> </span>- Di<span class=\"__1 _8\"></span>fe<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> de ca<span class=\"__1 _8\"></span>mbi<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span> <span class=\"__1 _104\"> </span>(94<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>)<span class=\"__1 _d7\"> </span>(5)<span class=\"__1 _dc\"> </span>-<span class=\"__1 _a2\"> </span>(9<span class=\"__1 _6\"></span>47<span class=\"__1 _6\"></span>)<span class=\"__1 _2f\"> </span><span class=\"ls33\">15<span class=\"__1 _9c\"> </span></span>-<span class=\"__1 _a2\"> </span>(9<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>2) De<span class=\"__1 _5\"></span>te<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span>o d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> i<span class=\"__1 _8\"></span>ns<span class=\"__1 _8\"></span>trume<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>tos<span class=\"__1 _6\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _8\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>eros<span class=\"__1 _8\"></span> <span class=\"__1 _92\"> </span><span class=\"ls33\">346<span class=\"__1 _a0\"> </span></span>-<span class=\"__1 _fd\"> </span>(39<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>)<span class=\"__1 _99\"> </span>(51<span class=\"__1 _6\"></span>)<span class=\"__1 _105\"> </span>-<span class=\"__1 _9c\"> </span>-<span class=\"__1 _99\"> </span>(51<span class=\"__1 _6\"></span>) Re<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>tad<span class=\"__1 _6\"></span>o m\u00e9<span class=\"__1 _70\"></span>todo d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span> p<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>ti<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _e\"> </span>-<span class=\"__1 _6e\"> </span>(1<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>)<span class=\"__1 _dc\"> </span>-<span class=\"__1 _6e\"> </span>(1<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>)<span class=\"__1 _a0\"> </span>-<span class=\"__1 _dc\"> </span>-<span class=\"__1 _99\"> </span>(13<span class=\"__1 _6\"></span>) I<span class=\"__1 _6\"></span>mpues<span class=\"__1 _6\"></span>to s<span class=\"__1 _6\"></span>ob<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> bene<span class=\"__1 _70\"></span>fi<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span> <span class=\"__1 _98\"> </span>6.52<span class=\"__1 _6\"></span>7<span class=\"__1 _2f\"> </span><span class=\"ls33\">55<span class=\"__1 _dc\"> </span></span>-<span class=\"__1 _fb\"> </span>6<span class=\"__1 _6\"></span>.58<span class=\"__1 _6\"></span>2<span class=\"__1 _103\"> </span>5<span class=\"__1 _6\"></span>.66<span class=\"__1 _6\"></span>1<span class=\"__1 _fd\"> </span>(<span class=\"__1 _6\"></span>14<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>)<span class=\"__1 _f9\"> </span>1<span class=\"__1 _6\"></span>2.0<span class=\"__1 _6\"></span>99 Bene<span class=\"__1 _6\"></span>fic<span class=\"__1 _70\"></span>io/<span class=\"__1 _6\"></span>  (p\u00e9<span class=\"__1 _6\"></span>rdida) del eje<span class=\"__1 _6\"></span>rcic<span class=\"__1 _70\"></span>io <span class=\"__1 _3f\"> </span>(26<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>7<span class=\"__1 _6\"></span>22<span class=\"__1 _6\"></span>)<span class=\"__1 _a2\"> </span>(1<span class=\"__1 _6\"></span>90<span class=\"__1 _6\"></span>)<span class=\"__1 _fd\"> </span>(3<span class=\"__1 _6\"></span>97<span class=\"__1 _6\"></span>)<span class=\"__1 _33\"> </span>(27<span class=\"__1 _6\"></span>.30<span class=\"__1 _6\"></span>9)<span class=\"__1 _103\"> </span>4<span class=\"__1 _6\"></span>.761<span class=\"__1 _1f\"> </span>1<span class=\"__1 _6\"></span>.478<span class=\"__1 _20\"> </span>(21.07<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>) Re<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>tad<span class=\"__1 _6\"></span>o a<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>bui<span class=\"__1 _8\"></span>do<span class=\"__1 _6\"></span> a<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>n<span class=\"__1 _6\"></span>te<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _1bc\"> </span>mi<span class=\"__1 _6\"></span>nor<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ta<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>os<span class=\"__1 _1bc\"> </span>-<span class=\"__1 _a0\"> </span>-<span class=\"__1 _9c\"> </span>-<span class=\"__1 _a0\"> </span>-<span class=\"__1 _80\"> </span>(3.65<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)<span class=\"__1 _dc\"> </span>-<span class=\"__1 _80\"> </span>(3.65<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>) Bene<span class=\"__1 _6\"></span>fic<span class=\"__1 _70\"></span>io/<span class=\"__1 _6\"></span> (p\u00e9<span class=\"__1 _6\"></span>rdida) a<span class=\"__1 _70\"></span>t<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>ibuibl<span class=\"__1 _5\"></span>e<span class=\"__1 _6\"></span> a<span class=\"__1 _5\"></span> la<span class=\"__1 _1bc\"> </span>soc<span class=\"__1 _70\"></span>ie<span class=\"__1 _6\"></span>dad domina<span class=\"__1 _5\"></span>nte<span class=\"__1 _1bc\"> </span>(26<span class=\"__1 _6\"></span>.72<span class=\"__1 _6\"></span>2)<span class=\"__1 _a2\"> </span>(1<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)<span class=\"__1 _fd\"> </span>(39<span class=\"__1 _6\"></span>7)<span class=\"__1 _33\"> </span>(2<span class=\"__1 _6\"></span>7.30<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>)<span class=\"__1 _fb\"> </span>1<span class=\"__1 _6\"></span>.11<span class=\"__1 _6\"></span>1<span class=\"__1 _1f\"> </span>1.47<span class=\"__1 _6\"></span>8<span class=\"__1 _33\"> </span>(2<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>72<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>) I<span class=\"__1 _6\"></span>nv<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>\u00f3<span class=\"__1 _6\"></span>n (**<span class=\"__1 _70\"></span>)<span class=\"__1 _1bc\"> </span>71<span class=\"__1 _6\"></span>.08<span class=\"__1 _6\"></span>1<span class=\"__1 _b\"> </span>12.0<span class=\"__1 _6\"></span>55<span class=\"__1 _e\"> </span>-<span class=\"__1 _f9\"> </span>83<span class=\"__1 _6\"></span>.13<span class=\"__1 _6\"></span>6<span class=\"__1 _f9\"> </span>1<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.10<span class=\"__1 _6\"></span>8<span class=\"__1 _dc\"> </span>-<span class=\"__1 _20\"> </span>1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>0.2<span class=\"__1 _6\"></span>44 A<span class=\"__1 _5\"></span>morti<span class=\"__1 _6\"></span>za<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3<span class=\"__1 _6\"></span>n a<span class=\"__1 _8\"></span>cu<span class=\"__1 _6\"></span>mul<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>da<span class=\"__1 _8\"></span> y a<span class=\"__1 _6\"></span>gota<span class=\"__1 _6\"></span>mi<span class=\"__1 _6\"></span>ent<span class=\"__1 _5\"></span>o<span class=\"__1 _1bc\"> </span>for<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>tal<span class=\"__1 _8\"></span> (<span class=\"__1 _6\"></span>*<span class=\"__1 _5\"></span>*<span class=\"__1 _5\"></span>)<span class=\"__1 _1bc\"> </span>(94<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.67<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)<span class=\"__1 _33\"> </span>(7<span class=\"__1 _6\"></span>3.4<span class=\"__1 _6\"></span>06<span class=\"__1 _6\"></span>)<span class=\"__1 _dc\"> </span>-<span class=\"__1 _aa\"> </span>(1<span class=\"__1 _6\"></span>.02<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.07<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>)<span class=\"__1 _106\"> </span>(34<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.54<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>)<span class=\"__1 _101\"> </span>(1<span class=\"__1 _6\"></span>3.4<span class=\"__1 _6\"></span>78<span class=\"__1 _6\"></span>)<span class=\"__1 _aa\"> </span>(<span class=\"__1 _6\"></span>1.3<span class=\"__1 _6\"></span>83<span class=\"__1 _6\"></span>.09<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>) De<span class=\"__1 _5\"></span>te<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span>o (**<span class=\"__1 _70\"></span>)<span class=\"__1 _40\"> </span>(7.11<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>)<span class=\"__1 _80\"> </span>(4.3<span class=\"__1 _6\"></span>85<span class=\"__1 _6\"></span>)<span class=\"__1 _dc\"> </span>-<span class=\"__1 _33\"> </span>(11<span class=\"__1 _6\"></span>.50<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>)<span class=\"__1 _33\"> </span>(2<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.03<span class=\"__1 _6\"></span>0)<span class=\"__1 _95\"> </span>(84<span class=\"__1 _6\"></span>)<span class=\"__1 _33\"> </span>(3<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>.61<span class=\"__1 _6\"></span>8)<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o CEL<span class=\"__1 _70\"></span>UL<span class=\"__1 _5\"></span>OSA<span class=\"__1 _1bc\"> </span>(*<span class=\"__1 _5\"></span>) Ma<span class=\"__1 _6\"></span>gni<span class=\"__1 _8\"></span>tud no<span class=\"__1 _6\"></span> des<span class=\"__1 _6\"></span>gl<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>da<span class=\"__1 _8\"></span> e<span class=\"__1 _5\"></span>n el<span class=\"__1 _6\"></span> Es<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>do<span class=\"__1 _6\"></span> de Re<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>ta<span class=\"__1 _6\"></span>do Co<span class=\"__1 _6\"></span>ns<span class=\"__1 _8\"></span>ol<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>da<span class=\"__1 _8\"></span>do y n<span class=\"__1 _6\"></span>o defi<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>da<span class=\"__1 _6\"></span> en l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> NI<span class=\"__1 _6\"></span>I<span class=\"__1 _6\"></span>F. V\u00e9<span class=\"__1 _70\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>e de<span class=\"__1 _5\"></span>fi<span class=\"__1 _8\"></span>ni<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>ha<span class=\"__1 _8\"></span> magni<span class=\"__1 _8\"></span>tud a<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>\u00ed c<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>mo<span class=\"__1 _1bc\"> </span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>onc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3<span class=\"__1 _6\"></span>n c<span class=\"__1 _6\"></span>on <span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span> e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>o de res<span class=\"__1 _6\"></span>ul<span class=\"__1 _8\"></span>ta<span class=\"__1 _6\"></span>do<span class=\"__1 _6\"></span> c<span class=\"__1 _6\"></span>ons<span class=\"__1 _8\"></span>ol<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>da<span class=\"__1 _8\"></span>do en e<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span> A<span class=\"__1 _5\"></span>nexo \u201cIn<span class=\"__1 _6\"></span>for<span class=\"__1 _6\"></span>me<span class=\"__1 _70\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> Re<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>tad<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> 2<span class=\"__1 _6\"></span>02<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>\" a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span> I<span class=\"__1 _8\"></span>nfor<span class=\"__1 _6\"></span>me<span class=\"__1 _70\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> Ge<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>ti<span class=\"__1 _6\"></span>\u00f3<span class=\"__1 _6\"></span>n Con<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>da<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>o del<span class=\"__1 _1bc\"> </span>e<span class=\"__1 _5\"></span>j<span class=\"__1 _6\"></span>erc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o 2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> Euros<span class=\"__1 _1bc\"> </span>(*<span class=\"__1 _5\"></span>*<span class=\"__1 _5\"></span>)A<span class=\"__1 _5\"></span>dqu<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span> e<span class=\"__1 _5\"></span>n el<span class=\"__1 _6\"></span> ej<span class=\"__1 _6\"></span>erc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o, a<span class=\"__1 _6\"></span>morti<span class=\"__1 _8\"></span>za<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n a<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>umul<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>da<span class=\"__1 _8\"></span> y a<span class=\"__1 _6\"></span>gota<span class=\"__1 _6\"></span>mi<span class=\"__1 _6\"></span>ento for<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>, y det<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>ri<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>o de va<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span> de a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> i<span class=\"__1 _8\"></span>nc<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>ui<span class=\"__1 _8\"></span>dos<span class=\"__1 _8\"></span> en l<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span> e<span class=\"__1 _5\"></span>p\u00edgra<span class=\"__1 _8\"></span>fes<span class=\"__1 _1bc\"> </span>\"Pr<span class=\"__1 _6\"></span>opi<span class=\"__1 _8\"></span>eda<span class=\"__1 _6\"></span>d, pl<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span> y equi<span class=\"__1 _8\"></span>po\", \"<span class=\"__1 _5\"></span>A<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vos<span class=\"__1 _8\"></span> i<span class=\"__1 _8\"></span>nta<span class=\"__1 _6\"></span>ngi<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span>\" y \"A<span class=\"__1 _70\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _8\"></span>vos<span class=\"__1 _8\"></span> bi<span class=\"__1 _8\"></span>ol<span class=\"__1 _8\"></span>\u00f3gi<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span>\". N<span class=\"__1 _70\"></span>o i<span class=\"__1 _8\"></span>n<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>uye l<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> s<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> c<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>pond<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>nte<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> a <span class=\"ff9\"> A<span class=\"__1 _6\"></span>ct<span class=\"__1 _70\"></span>iv<span class=\"__1 _6\"></span>os p<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>r der<span class=\"__1 _70\"></span>ec<span class=\"__1 _5\"></span>ho<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span></span>uso <span class=\"ff4\"> (ve<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span> Nota <span class=\"__1 _6\"></span>17<span class=\"__1 _6\"></span>) n<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span> <span class=\"ff9\">Fo<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>do<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e c<span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span>mer<span class=\"__1 _70\"></span>cio <span class=\"__1 _c8\"> </span><span class=\"ff4\">(ver Not<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span> 1<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>).<span class=\"__1 _1bc\"> </span></span></span></span>31<span class=\"__1 _6\"></span> de<span class=\"__1 _6\"></span> dici<span class=\"__1 _5\"></span>em<span class=\"__1 _6\"></span>br<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span> de<span class=\"__1 _6\"></span> 2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>23<span class=\"__1 _15\"> </span><span class=\"ff4 fc0_1\">Cel<span class=\"__1 _6\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span></span>Pa<span class=\"__1 _8\"></span>tri<span class=\"__1 _8\"></span>m<span class=\"__1 _5\"></span>oni<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>For<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>tal<span class=\"__1 _8\"></span> y<span class=\"__1 _1bc\"> </span>otros<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _5\"></span>j<span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span> y<span class=\"__1 _1bc\"> </span>e<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>m<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>nes<span class=\"__1 _1bc\"> </span>Tot<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span>l<span class=\"__1 _1bc\"> </span>Ce<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span>a Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o de Re<span class=\"__1 _5\"></span>nova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> A<span class=\"__1 _5\"></span>j<span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span> y<span class=\"__1 _1bc\"> </span>e<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>m<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>nes<span class=\"__1 _1bc\"> </span>Activos<span class=\"__1 _1bc\"> </span>No cor<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ent<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _107\"> </span>79<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.87<span class=\"__1 _6\"></span>8<span class=\"__1 _ab\"> </span>18<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.53<span class=\"__1 _6\"></span>1<span class=\"__1 _8d\"> </span>(1<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.40<span class=\"__1 _6\"></span>5)<span class=\"__1 _20\"> </span>8<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>4<span class=\"__1 _20\"> </span>4<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.82<span class=\"__1 _6\"></span>6<span class=\"__1 _8d\"> </span>(1<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.83<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>)<span class=\"__1 _a8\"> </span>1.1<span class=\"__1 _6\"></span>57<span class=\"__1 _6\"></span>.99<span class=\"__1 _6\"></span>4<span class=\"__1 _1bc\"> </span>Cor<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>nte<span class=\"__1 _70\"></span>s<span class=\"__1 _9f\"> </span>41<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>.84<span class=\"__1 _6\"></span>2<span class=\"__1 _103\"> </span>6<span class=\"__1 _6\"></span>.91<span class=\"__1 _6\"></span>5<span class=\"__1 _4d\"> </span>(3.7<span class=\"__1 _6\"></span>34<span class=\"__1 _6\"></span>)<span class=\"__1 _20\"> </span>4<span class=\"__1 _6\"></span>18<span class=\"__1 _6\"></span>.02<span class=\"__1 _6\"></span>3<span class=\"__1 _b\"> </span>58.71<span class=\"__1 _6\"></span>7<span class=\"__1 _4d\"> </span>(2<span class=\"__1 _6\"></span>.25<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>)<span class=\"__1 _20\"> </span>47<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>.48<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>T<span class=\"__1 _5\"></span>ot<span class=\"__1 _6\"></span>al<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>a<span class=\"__1 _5\"></span>ctivos<span class=\"__1 _5\"></span> (a<span class=\"__1 _5\"></span>)<span class=\"__1 _e4\"> </span>1.211<span class=\"__1 _6\"></span>.72<span class=\"__1 _6\"></span>0<span class=\"__1 _20\"> </span>1<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.446<span class=\"__1 _83\"> </span>(1<span class=\"__1 _6\"></span>16<span class=\"__1 _6\"></span>.13<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>)<span class=\"__1 _a8\"> </span>1.28<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>02<span class=\"__1 _6\"></span>7<span class=\"__1 _ab\"> </span>50<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.543<span class=\"__1 _83\"> </span>(1<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>8.09<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>)<span class=\"__1 _a8\"> </span>1.63<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>4<span class=\"__1 _6\"></span>76<span class=\"__1 _1bc\"> </span>Pas<span class=\"__1 _70\"></span>ivos<span class=\"__1 _1bc\"> </span>No cor<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ent<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _107\"> </span>40<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.37<span class=\"__1 _6\"></span>0<span class=\"__1 _f9\"> </span>2<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.65<span class=\"__1 _6\"></span>9<span class=\"__1 _101\"> </span>(1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.98<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>)<span class=\"__1 _20\"> </span>41<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.04<span class=\"__1 _6\"></span>2<span class=\"__1 _20\"> </span>1<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.51<span class=\"__1 _6\"></span>4<span class=\"__1 _101\"> </span>(2<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.27<span class=\"__1 _6\"></span>0)<span class=\"__1 _20\"> </span>5<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.28<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span>Cor<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>nte<span class=\"__1 _70\"></span>s<span class=\"__1 _9f\"> </span>34<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>.16<span class=\"__1 _6\"></span>1<span class=\"__1 _f9\"> </span>1<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.46<span class=\"__1 _6\"></span>5<span class=\"__1 _4d\"> </span>(3.0<span class=\"__1 _6\"></span>79<span class=\"__1 _6\"></span>)<span class=\"__1 _20\"> </span>3<span class=\"__1 _6\"></span>52<span class=\"__1 _6\"></span>.54<span class=\"__1 _6\"></span>7<span class=\"__1 _ab\"> </span>11<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.30<span class=\"__1 _6\"></span>1<span class=\"__1 _4d\"> </span>(2<span class=\"__1 _6\"></span>.24<span class=\"__1 _6\"></span>9)<span class=\"__1 _20\"> </span>4<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.59<span class=\"__1 _6\"></span>9<span class=\"__1 _1bc\"> </span>T<span class=\"__1 _5\"></span>ot<span class=\"__1 _6\"></span>al<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>pa<span class=\"__1 _5\"></span>siv<span class=\"__1 _5\"></span>os (a<span class=\"__1 _70\"></span>)<span class=\"__1 _34\"> </span>74<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.531<span class=\"__1 _b\"> </span>39.12<span class=\"__1 _6\"></span>4<span class=\"__1 _101\"> </span>(1<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>06<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>)<span class=\"__1 _20\"> </span>76<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>.58<span class=\"__1 _6\"></span>9<span class=\"__1 _20\"> </span>3<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>81<span class=\"__1 _6\"></span>5<span class=\"__1 _101\"> </span>(2<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>.519<span class=\"__1 _6\"></span>)<span class=\"__1 _a8\"> </span>1<span class=\"__1 _6\"></span>.050<span class=\"__1 _6\"></span>.88<span class=\"__1 _6\"></span>5<span class=\"__1 _1bc\"> </span>(a<span class=\"__1 _6\"></span>) No s<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span> i<span class=\"__1 _8\"></span>nc<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>uyen ni<span class=\"__1 _8\"></span> fond<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> pr<span class=\"__1 _6\"></span>op<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span>, ni<span class=\"__1 _6\"></span> l<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> a<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vo<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> y pa<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>vo<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> p<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>mpue<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>os<span class=\"__1 _8\"></span> di<span class=\"__1 _8\"></span>feri<span class=\"__1 _8\"></span>dos<span class=\"__1 _8\"></span>.<span class=\"__1 _1bc\"> </span>Tot<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span>l<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de Euros<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o CEL<span class=\"__1 _70\"></span>UL<span class=\"__1 _5\"></span>OSA<span class=\"__1 _1bc\"> </span>Los ajustes y eliminaciones entre los distintos segmentos y negocios se corresponden con la <span class=\"__1 _5\"></span>eliminaci\u00f3n de<span class=\"__1 _1bc\"> </span>saldos man<span class=\"__1 _6\"></span>tenidos y transacciones efectuadas<span class=\"__1 _6\"></span> entre ellos. 31<span class=\"__1 _6\"></span> de<span class=\"__1 _6\"></span> dici<span class=\"__1 _5\"></span>em<span class=\"__1 _6\"></span>br<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span> de<span class=\"__1 _6\"></span> 2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>22<span class=\"__1 _a\"> </span><span class=\"ff4 fc0_1\"> Ce<span class=\"__1 _70\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span>a</span> Pa<span class=\"__1 _8\"></span>tri<span class=\"__1 _8\"></span>moni<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>For<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>tal<span class=\"__1 _8\"></span> y<span class=\"__1 _1bc\"> </span>otros A<span class=\"__1 _5\"></span>j<span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>es<span class=\"__1 _6\"></span> y<span class=\"__1 _1bc\"> </span>e<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>m<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>nes Tot<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span>CEL<span class=\"__1 _70\"></span>UL<span class=\"__1 _70\"></span>O<span class=\"__1 _6\"></span>SA Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>nova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span>  A<span class=\"__1 _5\"></span>j<span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>es<span class=\"__1 _6\"></span> y<span class=\"__1 _1bc\"> </span>e<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>m<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>nes Tot<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l I<span class=\"__1 _5\"></span>ngre<span class=\"__1 _6\"></span>sos ordina<span class=\"__1 _5\"></span>rios: De<span class=\"__1 _5\"></span> te<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>eros<span class=\"__1 _8\"></span> <span class=\"__1 _f6\"> </span>7<span class=\"__1 _6\"></span>07<span class=\"__1 _6\"></span>.92<span class=\"__1 _6\"></span>6<span class=\"__1 _108\"> </span>1.2<span class=\"__1 _6\"></span>51<span class=\"__1 _e\"> </span>-<span class=\"__1 _20\"> </span>70<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>.17<span class=\"__1 _6\"></span>7<span class=\"__1 _20\"> </span>2<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>.19<span class=\"__1 _6\"></span>7<span class=\"__1 _dc\"> </span>-<span class=\"__1 _a8\"> </span>1<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.37<span class=\"__1 _6\"></span>4 De<span class=\"__1 _5\"></span> otros<span class=\"__1 _8\"></span> s<span class=\"__1 _8\"></span>eg<span class=\"__1 _5\"></span>me<span class=\"__1 _70\"></span>ntos<span class=\"__1 _6\"></span> <span class=\"__1 _f7\"> </span>2<span class=\"__1 _6\"></span>.69<span class=\"__1 _6\"></span>7<span class=\"__1 _103\"> </span>9<span class=\"__1 _6\"></span>.83<span class=\"__1 _6\"></span>9<span class=\"__1 _4d\"> </span>(8<span class=\"__1 _6\"></span>.83<span class=\"__1 _6\"></span>8)<span class=\"__1 _103\"> </span>3<span class=\"__1 _6\"></span>.69<span class=\"__1 _6\"></span>8<span class=\"__1 _4a\"> </span><span class=\"ls35\">111<span class=\"__1 _97\"> </span></span>(3<span class=\"__1 _6\"></span>.80<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>)<span class=\"__1 _a0\"> </span>- Total<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>ingresos: <span class=\"__1 _9b\"> </span>71<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.623<span class=\"__1 _b\"> </span>11<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>0<span class=\"__1 _6\"></span>90<span class=\"__1 _4d\"> </span>(8<span class=\"__1 _6\"></span>.83<span class=\"__1 _6\"></span>8)<span class=\"__1 _20\"> </span>7<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>2.87<span class=\"__1 _6\"></span>5<span class=\"__1 _ab\"> </span>29<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>.308<span class=\"__1 _4d\"> </span>(3<span class=\"__1 _6\"></span>.80<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>)<span class=\"__1 _a8\"> </span>1.00<span class=\"__1 _6\"></span>3.37<span class=\"__1 _6\"></span>4 Resultados<span class=\"__1 _5\"></span>: EB<span class=\"__1 _70\"></span>IT<span class=\"__1 _5\"></span>DA (*<span class=\"__1 _70\"></span>) <span class=\"__1 _109\"> </span>13<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.94<span class=\"__1 _6\"></span>8<span class=\"__1 _103\"> </span>6<span class=\"__1 _6\"></span>.784<span class=\"__1 _e\"> </span>-<span class=\"__1 _20\"> </span>13<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.732<span class=\"__1 _ab\"> </span>10<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>.84<span class=\"__1 _6\"></span>7<span class=\"__1 _fa\"> </span>(2)<span class=\"__1 _20\"> </span>24<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>57<span class=\"__1 _6\"></span>7 De<span class=\"__1 _5\"></span>te<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span>o y<span class=\"__1 _6\"></span> r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>tad<span class=\"__1 _6\"></span>o po<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span> e<span class=\"__1 _5\"></span>na<span class=\"__1 _8\"></span>j<span class=\"__1 _6\"></span>ena<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _1bc\"> </span>de i<span class=\"__1 _6\"></span>nmovi<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>za<span class=\"__1 _6\"></span>do<span class=\"__1 _1bc\"> </span>18<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.32<span class=\"__1 _6\"></span>4<span class=\"__1 _80\"> </span>(1<span class=\"__1 _6\"></span>.65<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>)<span class=\"__1 _29\"> </span>5<span class=\"__1 _6\"></span>.83<span class=\"__1 _6\"></span>7<span class=\"__1 _ab\"> </span>18<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>.50<span class=\"__1 _6\"></span>3<span class=\"__1 _110\"> </span>(41<span class=\"__1 _6\"></span>.33<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>)<span class=\"__1 _35\"> </span><span class=\"ls35\">728<span class=\"__1 _33\"> </span></span>1<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.89<span class=\"__1 _6\"></span>6 Bene<span class=\"__1 _6\"></span>fic<span class=\"__1 _70\"></span>io/<span class=\"__1 _6\"></span> (p\u00e9<span class=\"__1 _6\"></span>rdida) de e<span class=\"__1 _6\"></span>xplotac<span class=\"__1 _5\"></span>i\u00f3n  <span class=\"__1 _80\"> </span>      2<span class=\"__1 _6\"></span>48<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>  <span class=\"__1 _ce\"> </span><span class=\"ls36\">              32<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>  <span class=\"__1 _c9\"> </span>                        -  <span class=\"__1 _cd\"> </span></span>      2<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>8.32<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>  <span class=\"__1 _cc\"> </span><span class=\"ls36\">        28<span class=\"__1 _6\"></span>.262<span class=\"__1 _6\"></span>  <span class=\"__1 _c9\"> </span>               1.649<span class=\"__1 _6\"></span>  <span class=\"__1 _ce\"> </span></span>      2<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>8.23<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>  I<span class=\"__1 _6\"></span>ngr<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _8\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>eros<span class=\"__1 _8\"></span> <span class=\"__1 _d5\"> </span>2.38<span class=\"__1 _6\"></span>0<span class=\"__1 _2f\"> </span><span class=\"ls35\">30<span class=\"__1 _fd\"> </span></span>(4<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>)<span class=\"__1 _fb\"> </span>1<span class=\"__1 _6\"></span>.91<span class=\"__1 _6\"></span>8<span class=\"__1 _4a\"> </span><span class=\"ls35\">192<span class=\"__1 _4d\"> </span></span>(1.02<span class=\"__1 _6\"></span>2)<span class=\"__1 _103\"> </span>1<span class=\"__1 _6\"></span>.08<span class=\"__1 _6\"></span>8 Ga<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>tos<span class=\"__1 _6\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _8\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>eros<span class=\"__1 _8\"></span> <span class=\"__1 _fe\"> </span>(1<span class=\"__1 _6\"></span>1.8<span class=\"__1 _6\"></span>45<span class=\"__1 _6\"></span>)<span class=\"__1 _a2\"> </span>(4<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)<span class=\"__1 _111\"> </span><span class=\"ls35\">492<span class=\"__1 _33\"> </span></span>(11<span class=\"__1 _6\"></span>.82<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>)<span class=\"__1 _33\"> </span>(16<span class=\"__1 _6\"></span>.54<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>)<span class=\"__1 _1f\"> </span>1.02<span class=\"__1 _6\"></span>2<span class=\"__1 _33\"> </span>(2<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.34<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>va<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> de cobertur<span class=\"__1 _6\"></span>a<span class=\"__1 _1bc\"> </span>-<span class=\"__1 _a0\"> </span>-<span class=\"__1 _9c\"> </span>-<span class=\"__1 _a0\"> </span>-<span class=\"__1 _af\"> </span><span class=\"ls35\">301<span class=\"__1 _dc\"> </span></span>-<span class=\"__1 _af\"> </span><span class=\"ls35\">301</span> Di<span class=\"__1 _8\"></span>fe<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> de ca<span class=\"__1 _8\"></span>mbi<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span> <span class=\"__1 _112\"> </span>1.3<span class=\"__1 _6\"></span>67<span class=\"__1 _d7\"> </span>(<span class=\"__1 _6\"></span>7)<span class=\"__1 _dc\"> </span>-<span class=\"__1 _fb\"> </span>1<span class=\"__1 _6\"></span>.36<span class=\"__1 _6\"></span>0<span class=\"__1 _af\"> </span>(45<span class=\"__1 _6\"></span>)<span class=\"__1 _dc\"> </span>-<span class=\"__1 _fb\"> </span>1<span class=\"__1 _6\"></span>.31<span class=\"__1 _6\"></span>5 De<span class=\"__1 _5\"></span>te<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span>o d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> i<span class=\"__1 _8\"></span>ns<span class=\"__1 _8\"></span>trume<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>tos<span class=\"__1 _6\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _8\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>eros<span class=\"__1 _8\"></span> <span class=\"__1 _25\"> </span>(1<span class=\"__1 _6\"></span>.85<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)<span class=\"__1 _a0\"> </span>-<span class=\"__1 _29\"> </span>1<span class=\"__1 _6\"></span>.85<span class=\"__1 _6\"></span>0<span class=\"__1 _105\"> </span>-<span class=\"__1 _a0\"> </span>-<span class=\"__1 _dc\"> </span>-<span class=\"__1 _a0\"> </span>- Re<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>tad<span class=\"__1 _6\"></span>o m\u00e9<span class=\"__1 _70\"></span>todo d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span> p<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>ti<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _e\"> </span>-<span class=\"__1 _a\"> </span>(5<span class=\"__1 _6\"></span>)<span class=\"__1 _dc\"> </span>-<span class=\"__1 _d7\"> </span>(5)<span class=\"__1 _a0\"> </span>-<span class=\"__1 _dc\"> </span>-<span class=\"__1 _d7\"> </span>(5) I<span class=\"__1 _6\"></span>mpues<span class=\"__1 _6\"></span>to s<span class=\"__1 _6\"></span>ob<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> bene<span class=\"__1 _70\"></span>fi<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span> <span class=\"__1 _98\"> </span>2.19<span class=\"__1 _6\"></span>8<span class=\"__1 _103\"> </span>1<span class=\"__1 _6\"></span>.52<span class=\"__1 _6\"></span>5<span class=\"__1 _e\"> </span>-<span class=\"__1 _fb\"> </span>3<span class=\"__1 _6\"></span>.72<span class=\"__1 _6\"></span>3<span class=\"__1 _80\"> </span>(8<span class=\"__1 _6\"></span>.24<span class=\"__1 _6\"></span>3)<span class=\"__1 _fd\"> </span>(<span class=\"__1 _6\"></span>14<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>)<span class=\"__1 _80\"> </span>(4.6<span class=\"__1 _6\"></span>63<span class=\"__1 _6\"></span>) Bene<span class=\"__1 _6\"></span>fic<span class=\"__1 _70\"></span>io/<span class=\"__1 _6\"></span>  (p\u00e9<span class=\"__1 _6\"></span>rdida) del eje<span class=\"__1 _6\"></span>rcic<span class=\"__1 _70\"></span>io <span class=\"__1 _79\"> </span>2<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.251<span class=\"__1 _108\"> </span>1<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>39<span class=\"__1 _6\"></span>5<span class=\"__1 _1f\"> </span>1<span class=\"__1 _6\"></span>.850<span class=\"__1 _ab\"> </span>24<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.49<span class=\"__1 _6\"></span>6<span class=\"__1 _103\"> </span>3<span class=\"__1 _6\"></span>.924<span class=\"__1 _1f\"> </span>1<span class=\"__1 _6\"></span>.50<span class=\"__1 _6\"></span>6<span class=\"__1 _20\"> </span>2<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>92<span class=\"__1 _6\"></span>6 Re<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>tad<span class=\"__1 _6\"></span>o a<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>bui<span class=\"__1 _8\"></span>do<span class=\"__1 _6\"></span> a<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>n<span class=\"__1 _6\"></span>te<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _1bc\"> </span>mi<span class=\"__1 _6\"></span>nor<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ta<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>os<span class=\"__1 _1bc\"> </span>-<span class=\"__1 _a0\"> </span>-<span class=\"__1 _9c\"> </span>-<span class=\"__1 _a0\"> </span>-<span class=\"__1 _af\"> </span><span class=\"ls35\">618<span class=\"__1 _4d\"> </span></span>(2.32<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>)<span class=\"__1 _80\"> </span>(1.7<span class=\"__1 _6\"></span>06<span class=\"__1 _6\"></span>) Bene<span class=\"__1 _6\"></span>fic<span class=\"__1 _70\"></span>io/<span class=\"__1 _6\"></span> (p\u00e9<span class=\"__1 _6\"></span>rdida) a<span class=\"__1 _70\"></span>t<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>ibuibl<span class=\"__1 _5\"></span>e<span class=\"__1 _6\"></span> a<span class=\"__1 _5\"></span> la<span class=\"__1 _1bc\"> </span>soc<span class=\"__1 _70\"></span>ie<span class=\"__1 _6\"></span>dad domina<span class=\"__1 _5\"></span>nte<span class=\"__1 _1bc\"> </span>24<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.25<span class=\"__1 _6\"></span>1<span class=\"__1 _103\"> </span>1<span class=\"__1 _6\"></span>.395<span class=\"__1 _1f\"> </span>1<span class=\"__1 _6\"></span>.85<span class=\"__1 _6\"></span>0<span class=\"__1 _20\"> </span>2<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>49<span class=\"__1 _6\"></span>6<span class=\"__1 _108\"> </span>4.54<span class=\"__1 _6\"></span>2<span class=\"__1 _ee\"> </span>(81<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>)<span class=\"__1 _20\"> </span>24<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.22<span class=\"__1 _6\"></span>0 I<span class=\"__1 _6\"></span>nv<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>\u00f3<span class=\"__1 _6\"></span>n (**<span class=\"__1 _70\"></span>)<span class=\"__1 _1bc\"> </span>44<span class=\"__1 _6\"></span>.09<span class=\"__1 _6\"></span>6<span class=\"__1 _108\"> </span>7.9<span class=\"__1 _6\"></span>45<span class=\"__1 _e\"> </span>-<span class=\"__1 _f9\"> </span>52<span class=\"__1 _6\"></span>.04<span class=\"__1 _6\"></span>1<span class=\"__1 _f9\"> </span>1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.40<span class=\"__1 _6\"></span>6<span class=\"__1 _dc\"> </span>-<span class=\"__1 _f9\"> </span>6<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.44<span class=\"__1 _6\"></span>7 A<span class=\"__1 _5\"></span>morti<span class=\"__1 _6\"></span>za<span class=\"__1 _6\"></span>c<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>\u00f3<span class=\"__1 _6\"></span>n a<span class=\"__1 _8\"></span>cu<span class=\"__1 _6\"></span>mul<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>da<span class=\"__1 _8\"></span> y a<span class=\"__1 _6\"></span>gota<span class=\"__1 _6\"></span>mi<span class=\"__1 _6\"></span>ent<span class=\"__1 _5\"></span>o<span class=\"__1 _1bc\"> </span>for<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>tal<span class=\"__1 _8\"></span> (<span class=\"__1 _6\"></span>*<span class=\"__1 _5\"></span>*<span class=\"__1 _5\"></span>)<span class=\"__1 _1bc\"> </span>(89<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.44<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>)<span class=\"__1 _33\"> </span>(6<span class=\"__1 _6\"></span>8.1<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>3)<span class=\"__1 _dc\"> </span>-<span class=\"__1 _106\"> </span>(9<span class=\"__1 _6\"></span>63<span class=\"__1 _6\"></span>.63<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>)<span class=\"__1 _106\"> </span>(3<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>0.7<span class=\"__1 _6\"></span>36<span class=\"__1 _6\"></span>)<span class=\"__1 _101\"> </span>(1<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.11<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>)<span class=\"__1 _aa\"> </span>(1<span class=\"__1 _6\"></span>.28<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>.48<span class=\"__1 _6\"></span>4) De<span class=\"__1 _5\"></span>te<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span>o (**<span class=\"__1 _70\"></span>)<span class=\"__1 _40\"> </span>(7.1<span class=\"__1 _6\"></span>86<span class=\"__1 _6\"></span>)<span class=\"__1 _80\"> </span>(3<span class=\"__1 _6\"></span>.39<span class=\"__1 _6\"></span>8)<span class=\"__1 _dc\"> </span>-<span class=\"__1 _33\"> </span>(1<span class=\"__1 _6\"></span>0.5<span class=\"__1 _6\"></span>84<span class=\"__1 _6\"></span>)<span class=\"__1 _33\"> </span>(3<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.64<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>)<span class=\"__1 _11\"> </span>(8<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>)<span class=\"__1 _33\"> </span>(49<span class=\"__1 _6\"></span>.31<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> Euros<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o CEL<span class=\"__1 _70\"></span>UL<span class=\"__1 _5\"></span>OSA<span class=\"__1 _1bc\"> </span>(*<span class=\"__1 _5\"></span>) Ma<span class=\"__1 _6\"></span>gni<span class=\"__1 _8\"></span>tud no<span class=\"__1 _6\"></span> des<span class=\"__1 _6\"></span>gl<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>da<span class=\"__1 _8\"></span> e<span class=\"__1 _5\"></span>n el<span class=\"__1 _6\"></span> Es<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>do<span class=\"__1 _6\"></span> de Re<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>ta<span class=\"__1 _6\"></span>do Co<span class=\"__1 _6\"></span>ns<span class=\"__1 _8\"></span>ol<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>da<span class=\"__1 _8\"></span>do y n<span class=\"__1 _6\"></span>o defi<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>da<span class=\"__1 _6\"></span> en l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> NI<span class=\"__1 _6\"></span>I<span class=\"__1 _6\"></span>F. V\u00e9<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>e de<span class=\"__1 _5\"></span>fi<span class=\"__1 _8\"></span>ni<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>ha<span class=\"__1 _8\"></span> magni<span class=\"__1 _8\"></span>tud a<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>\u00ed c<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>mo<span class=\"__1 _1bc\"> </span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>onc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3<span class=\"__1 _6\"></span>n c<span class=\"__1 _6\"></span>on <span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span> e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>o de res<span class=\"__1 _6\"></span>ul<span class=\"__1 _8\"></span>ta<span class=\"__1 _6\"></span>do<span class=\"__1 _6\"></span> c<span class=\"__1 _6\"></span>ons<span class=\"__1 _8\"></span>ol<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>da<span class=\"__1 _8\"></span>do en e<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span> A<span class=\"__1 _5\"></span>nexo \u201cIn<span class=\"__1 _6\"></span>for<span class=\"__1 _6\"></span>me<span class=\"__1 _70\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> Re<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>tad<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> 2<span class=\"__1 _6\"></span>02<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>\" a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span> I<span class=\"__1 _8\"></span>nfor<span class=\"__1 _6\"></span>me<span class=\"__1 _70\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> Ge<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>ti<span class=\"__1 _6\"></span>\u00f3<span class=\"__1 _6\"></span>n Con<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>da<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>o del<span class=\"__1 _1bc\"> </span>e<span class=\"__1 _5\"></span>j<span class=\"__1 _6\"></span>erc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o 2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span>(*<span class=\"__1 _5\"></span>*<span class=\"__1 _5\"></span>)A<span class=\"__1 _5\"></span>dqu<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span> e<span class=\"__1 _5\"></span>n el<span class=\"__1 _6\"></span> ej<span class=\"__1 _6\"></span>erc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o, a<span class=\"__1 _6\"></span>morti<span class=\"__1 _8\"></span>za<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n a<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>umul<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>da<span class=\"__1 _8\"></span> y a<span class=\"__1 _8\"></span>got<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>mi<span class=\"__1 _6\"></span>ento fores<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>, y det<span class=\"__1 _70\"></span>eri<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span> de va<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span> de a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vo<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> i<span class=\"__1 _8\"></span>nc<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>ui<span class=\"__1 _8\"></span>dos<span class=\"__1 _8\"></span> en l<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> e<span class=\"__1 _5\"></span>p\u00edgra<span class=\"__1 _8\"></span>fes<span class=\"__1 _1bc\"> </span>\"Pr<span class=\"__1 _6\"></span>opi<span class=\"__1 _8\"></span>eda<span class=\"__1 _6\"></span>d, pl<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span> y equi<span class=\"__1 _8\"></span>po\", \"<span class=\"__1 _5\"></span>A<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vos<span class=\"__1 _8\"></span> i<span class=\"__1 _8\"></span>nta<span class=\"__1 _6\"></span>ngi<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span>\" y \"A<span class=\"__1 _70\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _8\"></span>vos<span class=\"__1 _8\"></span> bi<span class=\"__1 _8\"></span>ol<span class=\"__1 _8\"></span>\u00f3gi<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span>\". N<span class=\"__1 _70\"></span>o i<span class=\"__1 _8\"></span>n<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>uye l<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> s<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> c<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>pond<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>nte<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> a <span class=\"ff9\"> A<span class=\"__1 _6\"></span>ct<span class=\"__1 _70\"></span>iv<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>s po<span class=\"__1 _6\"></span>r der<span class=\"__1 _70\"></span>ec<span class=\"__1 _5\"></span>ho<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span></span>uso <span class=\"ff4\"> (ve<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span> Nota <span class=\"__1 _6\"></span>17<span class=\"__1 _6\"></span>) n<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span> <span class=\"ff9\">Fo<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>do<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e c<span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span>mer<span class=\"__1 _70\"></span>cio <span class=\"__1 _c8\"> </span><span class=\"ff4\">(ver Not<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span> 1<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>).<span class=\"__1 _1bc\"> </span></span></span></span>31<span class=\"__1 _6\"></span> de<span class=\"__1 _6\"></span> dici<span class=\"__1 _5\"></span>em<span class=\"__1 _6\"></span>br<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span> de<span class=\"__1 _6\"></span> 2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>22<span class=\"__1 _15\"> </span><span class=\"ff4 fc0_1\">Cel<span class=\"__1 _6\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span></span>Pa<span class=\"__1 _8\"></span>tri<span class=\"__1 _8\"></span>m<span class=\"__1 _5\"></span>oni<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>For<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>tal<span class=\"__1 _8\"></span> y<span class=\"__1 _1bc\"> </span>otros<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _5\"></span>j<span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span> y<span class=\"__1 _1bc\"> </span>e<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>m<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>nes<span class=\"__1 _1bc\"> </span>Tot<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span>l<span class=\"__1 _1bc\"> </span>Ce<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span>a Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o de Re<span class=\"__1 _5\"></span>nova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> A<span class=\"__1 _5\"></span>j<span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span> y<span class=\"__1 _1bc\"> </span>e<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>m<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>nes<span class=\"__1 _1bc\"> </span>Activos<span class=\"__1 _1bc\"> </span>No cor<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ent<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _107\"> </span>77<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.28<span class=\"__1 _6\"></span>9<span class=\"__1 _ab\"> </span>16<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.56<span class=\"__1 _6\"></span>0<span class=\"__1 _8d\"> </span>(1<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>.59<span class=\"__1 _6\"></span>0)<span class=\"__1 _20\"> </span>8<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.25<span class=\"__1 _6\"></span>9<span class=\"__1 _20\"> </span>4<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>.57<span class=\"__1 _6\"></span>1<span class=\"__1 _8d\"> </span>(1<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.33<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)<span class=\"__1 _a8\"> </span>1.1<span class=\"__1 _6\"></span>18<span class=\"__1 _6\"></span>.50<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span>Cor<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>nte<span class=\"__1 _70\"></span>s<span class=\"__1 _9f\"> </span>43<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>.10<span class=\"__1 _6\"></span>7<span class=\"__1 _103\"> </span>6<span class=\"__1 _6\"></span>.85<span class=\"__1 _6\"></span>9<span class=\"__1 _4d\"> </span>(3.8<span class=\"__1 _6\"></span>38<span class=\"__1 _6\"></span>)<span class=\"__1 _20\"> </span>4<span class=\"__1 _6\"></span>37<span class=\"__1 _6\"></span>.12<span class=\"__1 _6\"></span>8<span class=\"__1 _ab\"> </span>20<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.19<span class=\"__1 _6\"></span>9<span class=\"__1 _101\"> </span>(2<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>.61<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>)<span class=\"__1 _110\"> </span>6<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.71<span class=\"__1 _6\"></span>5<span class=\"__1 _1bc\"> </span>T<span class=\"__1 _5\"></span>ot<span class=\"__1 _6\"></span>al<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>a<span class=\"__1 _5\"></span>ctivos<span class=\"__1 _5\"></span> (a<span class=\"__1 _5\"></span>)<span class=\"__1 _e4\"> </span>1.212<span class=\"__1 _6\"></span>.39<span class=\"__1 _6\"></span>6<span class=\"__1 _20\"> </span>1<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>.419<span class=\"__1 _83\"> </span>(1<span class=\"__1 _6\"></span>18<span class=\"__1 _6\"></span>.42<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>)<span class=\"__1 _a8\"> </span>1.26<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>38<span class=\"__1 _6\"></span>7<span class=\"__1 _ab\"> </span>64<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.770<span class=\"__1 _83\"> </span>(1<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>1.94<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>)<span class=\"__1 _a8\"> </span>1.72<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>2<span class=\"__1 _6\"></span>15<span class=\"__1 _1bc\"> </span>Pas<span class=\"__1 _70\"></span>ivos<span class=\"__1 _1bc\"> </span>No cor<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ent<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _107\"> </span>22<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.82<span class=\"__1 _6\"></span>3<span class=\"__1 _f9\"> </span>1<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.46<span class=\"__1 _6\"></span>5<span class=\"__1 _101\"> </span>(1<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.04<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)<span class=\"__1 _110\"> </span>2<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>.24<span class=\"__1 _6\"></span>8<span class=\"__1 _20\"> </span>2<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.25<span class=\"__1 _6\"></span>1<span class=\"__1 _101\"> </span>(1<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.57<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>)<span class=\"__1 _110\"> </span>4<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.92<span class=\"__1 _6\"></span>4<span class=\"__1 _1bc\"> </span>Cor<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>nte<span class=\"__1 _70\"></span>s<span class=\"__1 _9f\"> </span>34<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.56<span class=\"__1 _6\"></span>1<span class=\"__1 _103\"> </span>6<span class=\"__1 _6\"></span>.01<span class=\"__1 _6\"></span>8<span class=\"__1 _4d\"> </span>(3.7<span class=\"__1 _6\"></span>07<span class=\"__1 _6\"></span>)<span class=\"__1 _20\"> </span>3<span class=\"__1 _6\"></span>49<span class=\"__1 _6\"></span>.87<span class=\"__1 _6\"></span>2<span class=\"__1 _ab\"> </span>19<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.97<span class=\"__1 _6\"></span>9<span class=\"__1 _101\"> </span>(2<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>.60<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>)<span class=\"__1 _110\"> </span>5<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.24<span class=\"__1 _6\"></span>4<span class=\"__1 _1bc\"> </span>T<span class=\"__1 _5\"></span>ot<span class=\"__1 _6\"></span>al<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>pa<span class=\"__1 _5\"></span>siv<span class=\"__1 _5\"></span>os (a<span class=\"__1 _70\"></span>)<span class=\"__1 _34\"> </span>57<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.384<span class=\"__1 _b\"> </span>24.48<span class=\"__1 _6\"></span>3<span class=\"__1 _101\"> </span>(1<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>74<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>)<span class=\"__1 _20\"> </span>57<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>.12<span class=\"__1 _6\"></span>0<span class=\"__1 _20\"> </span>4<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>23<span class=\"__1 _6\"></span>0<span class=\"__1 _101\"> </span>(4<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.182<span class=\"__1 _6\"></span>)<span class=\"__1 _20\"> </span>9<span class=\"__1 _6\"></span>62<span class=\"__1 _6\"></span>.16<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o CEL<span class=\"__1 _70\"></span>UL<span class=\"__1 _5\"></span>OSA<span class=\"__1 _1bc\"> </span>Tot<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span>l<span class=\"__1 _1bc\"> </span>(a<span class=\"__1 _6\"></span>) No s<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span> i<span class=\"__1 _8\"></span>nc<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>uyen ni<span class=\"__1 _8\"></span> fond<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> pr<span class=\"__1 _6\"></span>op<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span>, ni<span class=\"__1 _6\"></span> l<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> a<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vo<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> y pa<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>vo<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> p<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>mpue<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>os<span class=\"__1 _8\"></span> di<span class=\"__1 _8\"></span>feri<span class=\"__1 _8\"></span>dos<span class=\"__1 _8\"></span>.<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de Euros<span class=\"__1 _1bc\"> </span>8.2<span class=\"ff5\"> <span class=\"__1 _cc\"> </span></span><span class=\"fc3\"> Informaci\u00f3n po<span class=\"__1 _5\"></span>r Planta pro<span class=\"__1 _5\"></span>ductiva<span class=\"__1 _1bc\"> </span></span>De forma compl<span class=\"__1 _6\"></span>ementaria <span class=\"__1 _6\"></span>a la <span class=\"__1 _6\"></span>informaci\u00f3n <span class=\"__1 _6\"></span>por segmentos<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de actividad<span class=\"__1 _6\"></span>, se <span class=\"__1 _6\"></span>detalla a con<span class=\"__1 _6\"></span>tinuaci\u00f3n el <span class=\"__1 _6\"></span>Estado<span class=\"__1 _1bc\"> </span>de Resultado de las<span class=\"__1 _6\"></span> biof\u00e1bricas d<span class=\"__1 _6\"></span>e producci\u00f3n de celulos<span class=\"__1 _6\"></span>a de Pontevedra y Nav<span class=\"__1 _6\"></span>ia reconciliada con el es<span class=\"__1 _6\"></span>tado<span class=\"__1 _1bc\"> </span>de resultado cons<span class=\"__1 _6\"></span>olidado de <span class=\"__1 _6\"></span>ENCE Celulosa (v\u00e9ans<span class=\"__1 _6\"></span>e Nota 8.1 y Anexo I<span class=\"__1 _6\"></span>I):<span class=\"__1 _1bc\"> </span>(a)<span class=\"ff2_1\"> <span class=\"__1 _ca\"> </span></span>Incluye actividad forestal, y sociedades inactivas<span class=\"__1 _1bc\"> </span>(*)  <span class=\"__1 _cd\"> </span>Magnitud no <span class=\"__1 _5\"></span>desglosada en el <span class=\"__1 _5\"></span>Estado de <span class=\"__1 _5\"></span>Resultado Consolidado y no <span class=\"__1 _5\"></span>definida en <span class=\"__1 _5\"></span>las NIIF. V\u00e9ase de<span class=\"__1 _5\"></span>finici\u00f3n de dicha<span class=\"__1 _1bc\"> </span>magnitud <span class=\"__1 _70\"></span>as\u00ed <span class=\"__1 _5\"></span>como reconcili<span class=\"__1 _5\"></span>aci\u00f3n <span class=\"__1 _5\"></span>con <span class=\"__1 _70\"></span>el es<span class=\"__1 _5\"></span>tado <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>resultado consolid<span class=\"__1 _5\"></span>ado <span class=\"__1 _5\"></span>en <span class=\"__1 _70\"></span>el <span class=\"__1 _5\"></span>Anexo <span class=\"__1 _5\"></span>\u201cI<span class=\"ff4\">nforme d<span class=\"__1 _5\"></span>e <span class=\"__1 _70\"></span>R<span class=\"__1 _6\"></span>esultados <span class=\"__1 _70\"></span>2023\"<span class=\"__1 _1bc\"> </span></span>al Informe de Gesti\u00f3n Consolidado del ejercicio 2023.<span class=\"__1 _1bc\"> </span>31 de<span class=\"__1 _5\"></span> diciemb<span class=\"__1 _5\"></span>re d<span class=\"__1 _5\"></span>e 2023<span class=\"__1 _1bc\"> </span>B<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _8\"></span>f\u00e1<span class=\"__1 _4\"></span>bri<span class=\"__1 _8\"></span>ca<span class=\"__1 _4\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span>Po<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>te<span class=\"__1 _8\"></span>ve<span class=\"__1 _6\"></span>d<span class=\"__1 _8\"></span>ra<span class=\"__1 _1bc\"> </span>B<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _8\"></span>f\u00e1<span class=\"__1 _4\"></span>bri<span class=\"__1 _8\"></span>ca<span class=\"__1 _4\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span>Na<span class=\"__1 _4\"></span>v<span class=\"__1 _70\"></span>i<span class=\"__1 _4\"></span>a<span class=\"__1 _1bc\"> </span>C<span class=\"__1 _5\"></span>o<span class=\"__1 _6\"></span>rp<span class=\"__1 _6\"></span>o<span class=\"__1 _8\"></span>ra<span class=\"__1 _8\"></span>ti<span class=\"__1 _8\"></span>vo<span class=\"__1 _113\"> </span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> <span class=\"__1 _6\"></span>(<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>)<span class=\"__1 _1bc\"> </span>To<span class=\"__1 _6\"></span>ta<span class=\"__1 _4\"></span>l<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _8\"></span>g<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>ci<span class=\"__1 _4\"></span>o<span class=\"__1 _1bc\"> </span>C<span class=\"__1 _5\"></span>e<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>u<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>o<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span>M<span class=\"__1 _5\"></span>agnitu<span class=\"__1 _70\"></span>des op<span class=\"__1 _70\"></span>erativas:<span class=\"__1 _1bc\"> </span>Pr<span class=\"__1 _5\"></span>o<span class=\"__1 _6\"></span>d<span class=\"__1 _8\"></span>u<span class=\"__1 _6\"></span>cci<span class=\"__1 _8\"></span>\u00f3<span class=\"__1 _8\"></span>n<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e<span class=\"__1 _8\"></span> <span class=\"__1 _6\"></span>ce<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>u<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>s<span class=\"__1 _4\"></span>a<span class=\"__1 _8\"></span> (<span class=\"__1 _6\"></span>Ta<span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>)<span class=\"__1 _a7\"> </span>3<span class=\"__1 _5\"></span>61.313<span class=\"__1 _5a\"> </span>614.0<span class=\"__1 _5\"></span>32<span class=\"__1 _88\"> </span>-<span class=\"__1 _ec\"> </span>-<span class=\"__1 _59\"> </span>975.345<span class=\"__1 _1bc\"> </span>Ve<span class=\"__1 _8\"></span>n<span class=\"__1 _8\"></span>ta<span class=\"__1 _8\"></span> d<span class=\"__1 _8\"></span>e<span class=\"__1 _8\"></span> ce<span class=\"__1 _8\"></span>l<span class=\"__1 _4\"></span>ul<span class=\"__1 _4\"></span>o<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>a<span class=\"__1 _4\"></span> (T<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>d<span class=\"__1 _8\"></span>)<span class=\"__1 _36\"> </span>355.949<span class=\"__1 _5a\"> </span>622.5<span class=\"__1 _5\"></span>51<span class=\"__1 _88\"> </span>-<span class=\"__1 _ec\"> </span>-<span class=\"__1 _59\"> </span>978.500<span class=\"__1 _1bc\"> </span>Ve<span class=\"__1 _8\"></span>n<span class=\"__1 _8\"></span>ta<span class=\"__1 _8\"></span> d<span class=\"__1 _8\"></span>e<span class=\"__1 _8\"></span> e<span class=\"__1 _8\"></span>n<span class=\"__1 _8\"></span>e<span class=\"__1 _8\"></span>rg\u00eda<span class=\"__1 _4\"></span> (<span class=\"__1 _6\"></span>MWh<span class=\"__1 _6\"></span>)<span class=\"__1 _10a\"> </span>6.315<span class=\"__1 _5a\"> </span>259.1<span class=\"__1 _5\"></span>40<span class=\"__1 _88\"> </span>-<span class=\"__1 _ec\"> </span>-<span class=\"__1 _59\"> </span>265.455<span class=\"__1 _1bc\"> </span>Op<span class=\"__1 _70\"></span>eracion<span class=\"__1 _70\"></span>es <span class=\"__1 _6\"></span>co<span class=\"__1 _5\"></span>nt<span class=\"__1 _70\"></span>inu<span class=\"__1 _5\"></span>ad<span class=\"__1 _5\"></span>as:<span class=\"__1 _1bc\"> </span>I<span class=\"__1 _8\"></span>mp<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>rte<span class=\"__1 _8\"></span> n<span class=\"__1 _8\"></span>e<span class=\"__1 _8\"></span>to<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e<span class=\"__1 _8\"></span> <span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _4\"></span> ci<span class=\"__1 _8\"></span>f<span class=\"__1 _6\"></span>ra<span class=\"__1 _8\"></span> d<span class=\"__1 _8\"></span>e<span class=\"__1 _8\"></span> n<span class=\"__1 _8\"></span>e<span class=\"__1 _8\"></span>go<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>s<span class=\"__1 _10b\"> </span>231.4<span class=\"__1 _5\"></span>35<span class=\"__1 _5a\"> </span>402.222<span class=\"__1 _d\"> </span>-<span class=\"__1 _7c\"> </span>(<span class=\"__1 _6\"></span>10.844<span class=\"__1 _5\"></span>)<span class=\"__1 _10c\"> </span>622.8<span class=\"__1 _5\"></span>13<span class=\"__1 _1bc\"> </span>Ap<span class=\"__1 _6\"></span>ro<span class=\"__1 _6\"></span>vi<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _4\"></span>o<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>a<span class=\"__1 _4\"></span>mi<span class=\"__1 _8\"></span>e<span class=\"__1 _8\"></span>n<span class=\"__1 _8\"></span>to<span class=\"__1 _6\"></span>s<span class=\"__1 _4\"></span> y<span class=\"__1 _5\"></span> o<span class=\"__1 _8\"></span>tros<span class=\"__1 _10d\"> </span>(138.854)<span class=\"__1 _8d\"> </span>(241.986<span class=\"__1 _5\"></span>)<span class=\"__1 _ec\"> </span>-<span class=\"__1 _16\"> </span>19.116<span class=\"__1 _49\"> </span>(<span class=\"__1 _6\"></span>361.72<span class=\"__1 _5\"></span>4)<span class=\"__1 _1bc\"> </span>M<span class=\"__1 _5\"></span>ARGEN <span class=\"__1 _6\"></span>B<span class=\"__1 _6\"></span>RUTO<span class=\"__1 _10e\"> </span>92.<span class=\"__1 _5\"></span>581<span class=\"__1 _5a\"> </span>160.2<span class=\"__1 _5\"></span>36<span class=\"__1 _88\"> </span>-<span class=\"__1 _23\"> </span>8.272<span class=\"__1 _5a\"> </span>261.<span class=\"__1 _5\"></span>089<span class=\"__1 _1bc\"> </span>Ga<span class=\"__1 _4\"></span>s<span class=\"__1 _8\"></span>to<span class=\"__1 _6\"></span>s<span class=\"__1 _4\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _8\"></span> <span class=\"__1 _6\"></span>p<span class=\"__1 _8\"></span>e<span class=\"__1 _8\"></span>rs<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>n<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>l<span class=\"__1 _10f\"> </span>(20.054)<span class=\"__1 _67\"> </span>(<span class=\"__1 _6\"></span>28.07<span class=\"__1 _5\"></span>5)<span class=\"__1 _67\"> </span>(<span class=\"__1 _6\"></span>28.983)<span class=\"__1 _e6\"> </span>(6.169)<span class=\"__1 _67\"> </span>(<span class=\"__1 _6\"></span>83.281)<span class=\"__1 _1bc\"> </span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> <span class=\"__1 _6\"></span>g<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _4\"></span>tos<span class=\"__1 _4\"></span> d<span class=\"__1 _8\"></span>e<span class=\"__1 _8\"></span> e<span class=\"__1 _8\"></span>xp<span class=\"__1 _6\"></span>l<span class=\"__1 _4\"></span>ota<span class=\"__1 _4\"></span>ci<span class=\"__1 _8\"></span>\u00f3<span class=\"__1 _6\"></span>n<span class=\"__1 _114\"> </span>(63.884)<span class=\"__1 _67\"> </span>(<span class=\"__1 _6\"></span>59.74<span class=\"__1 _5\"></span>5)<span class=\"__1 _67\"> </span>(<span class=\"__1 _6\"></span>11.391)<span class=\"__1 _e6\"> </span>(3.426)<span class=\"__1 _8d\"> </span>(138.446)<span class=\"__1 _1bc\"> </span>R<span class=\"__1 _6\"></span>e<span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>e<span class=\"__1 _8\"></span>rcu<span class=\"__1 _6\"></span>s<span class=\"__1 _4\"></span>i<span class=\"__1 _8\"></span>\u00f3<span class=\"__1 _6\"></span>n<span class=\"__1 _8\"></span> e<span class=\"__1 _8\"></span>s<span class=\"__1 _4\"></span>tr<span class=\"__1 _70\"></span>u<span class=\"__1 _8\"></span>ctu<span class=\"__1 _6\"></span>ra<span class=\"__1 _109\"> </span>(21.480)<span class=\"__1 _67\"> </span>(12.091)<span class=\"__1 _4d\"> </span>40.374<span class=\"__1 _88\"> </span>-<span class=\"__1 _23\"> </span>6.803<span class=\"__1 _1bc\"> </span>EBITD<span class=\"__1 _6\"></span>A (*)<span class=\"__1 _115\"> </span>(12.837<span class=\"__1 _5\"></span>)<span class=\"__1 _16\"> </span>60.3<span class=\"__1 _5\"></span>25<span class=\"__1 _88\"> </span>-<span class=\"__1 _e6\"> </span>(<span class=\"__1 _6\"></span>1.323<span class=\"__1 _5\"></span>)<span class=\"__1 _16\"> </span>46.1<span class=\"__1 _5\"></span>65<span class=\"__1 _1bc\"> </span>Am<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>rti<span class=\"__1 _8\"></span>z<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>o<span class=\"__1 _8\"></span>n<span class=\"__1 _6\"></span>e<span class=\"__1 _8\"></span>s<span class=\"__1 _4\"></span> y d<span class=\"__1 _6\"></span>e<span class=\"__1 _8\"></span>te<span class=\"__1 _8\"></span>ri<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>ro<span class=\"__1 _6\"></span>s<span class=\"__1 _4\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _8\"></span> <span class=\"__1 _6\"></span>a<span class=\"__1 _4\"></span>cti<span class=\"__1 _6\"></span>vo<span class=\"__1 _6\"></span>s<span class=\"__1 _116\"> </span>(11.870)<span class=\"__1 _67\"> </span>(<span class=\"__1 _6\"></span>41.48<span class=\"__1 _5\"></span>4)<span class=\"__1 _ec\"> </span>-<span class=\"__1 _67\"> </span>(<span class=\"__1 _6\"></span>12.003<span class=\"__1 _5\"></span>)<span class=\"__1 _67\"> </span>(<span class=\"__1 _6\"></span>65.357)<span class=\"__1 _1bc\"> </span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> <span class=\"__1 _6\"></span>g<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _4\"></span>tos<span class=\"__1 _4\"></span> n<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span> o<span class=\"__1 _8\"></span>rd<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>n<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>ri<span class=\"__1 _8\"></span>o<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span> <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e<span class=\"__1 _8\"></span> <span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _4\"></span>s<span class=\"__1 _8\"></span> o<span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>e<span class=\"__1 _8\"></span>ra<span class=\"__1 _8\"></span>ci<span class=\"__1 _4\"></span>on<span class=\"__1 _8\"></span>e<span class=\"__1 _8\"></span>s<span class=\"__1 _82\"> </span>1.760<span class=\"__1 _4a\"> </span>1.919<span class=\"__1 _d\"> </span>-<span class=\"__1 _ec\"> </span>-<span class=\"__1 _23\"> </span>3.679<span class=\"__1 _1bc\"> </span>BEN<span class=\"__1 _6\"></span>EF<span class=\"__1 _6\"></span>IC<span class=\"__1 _5\"></span>IO/<span class=\"__1 _5\"></span> (<span class=\"__1 _6\"></span>P\u00c9RDID<span class=\"__1 _6\"></span>A) D<span class=\"__1 _6\"></span>E<span class=\"__1 _6\"></span> EX<span class=\"__1 _6\"></span>PLOTA<span class=\"__1 _70\"></span>CI\u00d3N<span class=\"__1 _82\"> </span>(22.947)<span class=\"__1 _4d\"> </span>20.7<span class=\"__1 _5\"></span>60<span class=\"__1 _88\"> </span>-<span class=\"__1 _7c\"> </span>(13.326<span class=\"__1 _5\"></span>)<span class=\"__1 _67\"> </span>(<span class=\"__1 _6\"></span>15.5<span class=\"__1 _5\"></span>13)<span class=\"__1 _1bc\"> </span>R<span class=\"__1 _6\"></span>e<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>u<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>ta<span class=\"__1 _4\"></span>do<span class=\"__1 _8\"></span> f<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>n<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>n<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>e<span class=\"__1 _8\"></span>ro<span class=\"__1 _3d\"> </span>(8.103)<span class=\"__1 _67\"> </span>(<span class=\"__1 _6\"></span>11.67<span class=\"__1 _5\"></span>3)<span class=\"__1 _ec\"> </span>-<span class=\"__1 _23\"> </span>1.411<span class=\"__1 _117\"> </span>(18.365)<span class=\"__1 _1bc\"> </span>R<span class=\"__1 _6\"></span>e<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>u<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>ta<span class=\"__1 _4\"></span>do<span class=\"__1 _8\"></span> Pu<span class=\"__1 _6\"></span>e<span class=\"__1 _8\"></span>s<span class=\"__1 _4\"></span>ta<span class=\"__1 _8\"></span> e<span class=\"__1 _8\"></span>n<span class=\"__1 _8\"></span> e<span class=\"__1 _8\"></span>q<span class=\"__1 _8\"></span>u<span class=\"__1 _6\"></span>i<span class=\"__1 _4\"></span>v<span class=\"__1 _70\"></span>a<span class=\"__1 _4\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _8\"></span>n<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>a<span class=\"__1 _34\"> </span>-<span class=\"__1 _ec\"> </span>-<span class=\"__1 _ec\"> </span>-<span class=\"__1 _61\"> </span>(13)<span class=\"__1 _61\"> </span>(13)<span class=\"__1 _1bc\"> </span>BEN<span class=\"__1 _6\"></span>EF<span class=\"__1 _6\"></span>IC<span class=\"__1 _5\"></span>IO/<span class=\"__1 _5\"></span> (<span class=\"__1 _6\"></span>P\u00c9RDID<span class=\"__1 _6\"></span>A) ANTES<span class=\"__1 _6\"></span> D<span class=\"__1 _6\"></span>E<span class=\"__1 _6\"></span> IM<span class=\"__1 _5\"></span>PUESTOS<span class=\"__1 _61\"> </span>(<span class=\"__1 _6\"></span>31.0<span class=\"__1 _5\"></span>50)<span class=\"__1 _23\"> </span>9.<span class=\"__1 _5\"></span>087<span class=\"__1 _88\"> </span>-<span class=\"__1 _67\"> </span>(<span class=\"__1 _6\"></span>11.9<span class=\"__1 _5\"></span>28)<span class=\"__1 _67\"> </span>(33.891<span class=\"__1 _5\"></span>)<span class=\"__1 _1bc\"> </span>I<span class=\"__1 _8\"></span>mp<span class=\"__1 _8\"></span>u<span class=\"__1 _6\"></span>e<span class=\"__1 _8\"></span>s<span class=\"__1 _4\"></span>to<span class=\"__1 _6\"></span> s<span class=\"__1 _4\"></span>o<span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>re<span class=\"__1 _8\"></span> b<span class=\"__1 _8\"></span>e<span class=\"__1 _8\"></span>n<span class=\"__1 _6\"></span>e<span class=\"__1 _8\"></span>f<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ci<span class=\"__1 _4\"></span>os<span class=\"__1 _f6\"> </span>2.133<span class=\"__1 _4a\"> </span>2.057<span class=\"__1 _88\"> </span>-<span class=\"__1 _23\"> </span>2.392<span class=\"__1 _4a\"> </span>6.582<span class=\"__1 _1bc\"> </span>BEN<span class=\"__1 _6\"></span>EF<span class=\"__1 _6\"></span>IC<span class=\"__1 _5\"></span>IO/<span class=\"__1 _5\"></span> (<span class=\"__1 _6\"></span>P\u00c9RDID<span class=\"__1 _6\"></span>A) D<span class=\"__1 _6\"></span>E<span class=\"__1 _6\"></span>L EJE<span class=\"__1 _6\"></span>RCIC<span class=\"__1 _70\"></span>IO<span class=\"__1 _e\"> </span>(28.917)<span class=\"__1 _4d\"> </span>11.14<span class=\"__1 _5\"></span>4<span class=\"__1 _88\"> </span>-<span class=\"__1 _53\"> </span>(9.536)<span class=\"__1 _67\"> </span>(27.30<span class=\"__1 _5\"></span>9)<span class=\"__1 _1bc\"> </span>R<span class=\"__1 _6\"></span>e<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>u<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>ta<span class=\"__1 _4\"></span>do<span class=\"__1 _8\"></span> a<span class=\"__1 _4\"></span>tr<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>b<span class=\"__1 _8\"></span>u<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>d<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span> <span class=\"__1 _6\"></span>i<span class=\"__1 _4\"></span>nte<span class=\"__1 _8\"></span>re<span class=\"__1 _8\"></span>s<span class=\"__1 _4\"></span>e<span class=\"__1 _6\"></span>s<span class=\"__1 _4\"></span> mi<span class=\"__1 _4\"></span>n<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>ri<span class=\"__1 _8\"></span>ta<span class=\"__1 _4\"></span>r<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>s<span class=\"__1 _118\"> </span>-<span class=\"__1 _ec\"> </span>-<span class=\"__1 _ec\"> </span>-<span class=\"__1 _a7\"> </span>- B<span class=\"__1 _6\"></span>en<span class=\"__1 _5\"></span>eficio/<span class=\"__1 _5\"></span> (<span class=\"__1 _6\"></span>p\u00e9<span class=\"__1 _5\"></span>rd<span class=\"__1 _70\"></span>ida) a<span class=\"__1 _6\"></span>tr<span class=\"__1 _5\"></span>ib<span class=\"__1 _5\"></span>uib<span class=\"__1 _70\"></span>le a <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>socied<span class=\"__1 _70\"></span>ad<span class=\"__1 _1bc\"> </span>d<span class=\"__1 _5\"></span>o<span class=\"__1 _5\"></span>minan<span class=\"__1 _70\"></span>te<span class=\"__1 _1bc\"> </span>(28.917<span class=\"__1 _5\"></span>)<span class=\"__1 _16\"> </span>11.1<span class=\"__1 _5\"></span>44<span class=\"__1 _88\"> </span>-<span class=\"__1 _e6\"> </span>(<span class=\"__1 _6\"></span>9.536<span class=\"__1 _5\"></span>)<span class=\"__1 _67\"> </span>(<span class=\"__1 _6\"></span>27.3<span class=\"__1 _5\"></span>09)<span class=\"__1 _1bc\"> </span>M<span class=\"__1 _5\"></span>iles <span class=\"__1 _6\"></span>d<span class=\"__1 _5\"></span>e Euro<span class=\"__1 _70\"></span>s<span class=\"__1 _1bc\"> </span>(a)<span class=\"ff2_1\"> <span class=\"__1 _119\"> </span></span>Incluye actividad forestal y sociedades inactivas<span class=\"__1 _1bc\"> </span>(*)  <span class=\"__1 _cd\"> </span>Magnitud no <span class=\"__1 _5\"></span>desglosada en el <span class=\"__1 _70\"></span>E<span class=\"__1 _6\"></span>stado de Re<span class=\"__1 _5\"></span>sultado Consolidado y no <span class=\"__1 _5\"></span>definida en <span class=\"__1 _5\"></span>las NIIF. V\u00e9ase de<span class=\"__1 _5\"></span>finici\u00f3n de dicha<span class=\"__1 _1bc\"> </span>magn<span class=\"ff6\">itud <span class=\"__1 _70\"></span>as\u00ed <span class=\"__1 _5\"></span>como reconcili<span class=\"__1 _5\"></span>aci\u00f3n <span class=\"__1 _5\"></span>con <span class=\"__1 _70\"></span>el es<span class=\"__1 _5\"></span>tado <span class=\"__1 _70\"></span>de resul<span class=\"__1 _5\"></span>tado consolid<span class=\"__1 _5\"></span>ado <span class=\"__1 _5\"></span>en <span class=\"__1 _70\"></span>el <span class=\"__1 _5\"></span>Anexo <span class=\"__1 _5\"></span>\u201cInforme <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>Resultados <span class=\"__1 _70\"></span>202<span class=\"__1 _6\"></span><span class=\"ff4\">3<span class=\"ls37\">\"<span class=\"__1 _1bc\"> </span></span></span></span>al Informe de Gesti\u00f3n Consolidado del ejercicio 2023.<span class=\"__1 _1bc\"> </span>31 de<span class=\"__1 _5\"></span> diciemb<span class=\"__1 _5\"></span>re d<span class=\"__1 _5\"></span>e 2022<span class=\"__1 _1bc\"> </span>B<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _8\"></span>f\u00e1<span class=\"__1 _4\"></span>bri<span class=\"__1 _8\"></span>ca<span class=\"__1 _4\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span>Po<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>te<span class=\"__1 _8\"></span>ve<span class=\"__1 _6\"></span>d<span class=\"__1 _8\"></span>ra<span class=\"__1 _1bc\"> </span>B<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _8\"></span>f\u00e1<span class=\"__1 _4\"></span>bri<span class=\"__1 _8\"></span>ca<span class=\"__1 _4\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span>Na<span class=\"__1 _4\"></span>v<span class=\"__1 _70\"></span>i<span class=\"__1 _4\"></span>a<span class=\"__1 _1bc\"> </span>C<span class=\"__1 _5\"></span>o<span class=\"__1 _6\"></span>rp<span class=\"__1 _6\"></span>o<span class=\"__1 _8\"></span>ra<span class=\"__1 _8\"></span>ti<span class=\"__1 _8\"></span>vo<span class=\"__1 _113\"> </span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> <span class=\"__1 _6\"></span>(<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>)<span class=\"__1 _1bc\"> </span>To<span class=\"__1 _6\"></span>ta<span class=\"__1 _4\"></span>l<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _8\"></span>g<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>ci<span class=\"__1 _4\"></span>o<span class=\"__1 _1bc\"> </span>C<span class=\"__1 _5\"></span>e<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>u<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>o<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span>M<span class=\"__1 _5\"></span>agnitu<span class=\"__1 _70\"></span>des op<span class=\"__1 _70\"></span>erativas:<span class=\"__1 _1bc\"> </span>Pr<span class=\"__1 _5\"></span>o<span class=\"__1 _6\"></span>d<span class=\"__1 _8\"></span>u<span class=\"__1 _6\"></span>cci<span class=\"__1 _8\"></span>\u00f3<span class=\"__1 _8\"></span>n<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e<span class=\"__1 _8\"></span> <span class=\"__1 _6\"></span>ce<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>u<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>s<span class=\"__1 _4\"></span>a<span class=\"__1 _8\"></span> (<span class=\"__1 _6\"></span>Ta<span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>)<span class=\"__1 _a7\"> </span>2<span class=\"__1 _5\"></span>39.31<span class=\"__1 _5\"></span>5<span class=\"__1 _5a\"> </span>576.996<span class=\"__1 _88\"> </span>-<span class=\"__1 _ec\"> </span>-<span class=\"__1 _59\"> </span>816.311<span class=\"__1 _1bc\"> </span>Ve<span class=\"__1 _8\"></span>n<span class=\"__1 _8\"></span>ta<span class=\"__1 _8\"></span> d<span class=\"__1 _8\"></span>e<span class=\"__1 _8\"></span> ce<span class=\"__1 _8\"></span>l<span class=\"__1 _4\"></span>ul<span class=\"__1 _4\"></span>o<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>a<span class=\"__1 _4\"></span> (T<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>d<span class=\"__1 _8\"></span>)<span class=\"__1 _36\"> </span>244.81<span class=\"__1 _5\"></span>8<span class=\"__1 _5a\"> </span>581.799<span class=\"__1 _88\"> </span>-<span class=\"__1 _ec\"> </span>-<span class=\"__1 _59\"> </span>826.617<span class=\"__1 _1bc\"> </span>Ve<span class=\"__1 _8\"></span>n<span class=\"__1 _8\"></span>ta<span class=\"__1 _8\"></span> d<span class=\"__1 _8\"></span>e<span class=\"__1 _8\"></span> e<span class=\"__1 _8\"></span>n<span class=\"__1 _8\"></span>e<span class=\"__1 _8\"></span>rg\u00eda<span class=\"__1 _4\"></span> (<span class=\"__1 _6\"></span>MWh<span class=\"__1 _6\"></span>)<span class=\"__1 _120\"> </span>136.5<span class=\"__1 _5\"></span>80<span class=\"__1 _5a\"> </span>561.872<span class=\"__1 _88\"> </span>-<span class=\"__1 _ec\"> </span>-<span class=\"__1 _59\"> </span>698.452<span class=\"__1 _1bc\"> </span>Op<span class=\"__1 _70\"></span>eracion<span class=\"__1 _70\"></span>es <span class=\"__1 _6\"></span>co<span class=\"__1 _5\"></span>nt<span class=\"__1 _70\"></span>inu<span class=\"__1 _5\"></span>ad<span class=\"__1 _5\"></span>as:<span class=\"__1 _1bc\"> </span>I<span class=\"__1 _8\"></span>mp<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>rte<span class=\"__1 _8\"></span> n<span class=\"__1 _8\"></span>e<span class=\"__1 _8\"></span>to<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e<span class=\"__1 _8\"></span> <span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _4\"></span> ci<span class=\"__1 _8\"></span>f<span class=\"__1 _6\"></span>ra<span class=\"__1 _8\"></span> d<span class=\"__1 _8\"></span>e<span class=\"__1 _8\"></span> n<span class=\"__1 _8\"></span>e<span class=\"__1 _8\"></span>go<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>s<span class=\"__1 _10b\"> </span>198.6<span class=\"__1 _5\"></span>97<span class=\"__1 _5a\"> </span>520.748<span class=\"__1 _d\"> </span>-<span class=\"__1 _7c\"> </span>(<span class=\"__1 _6\"></span>26.912<span class=\"__1 _5\"></span>)<span class=\"__1 _59\"> </span>692.532<span class=\"__1 _1bc\"> </span>Ap<span class=\"__1 _6\"></span>ro<span class=\"__1 _6\"></span>vi<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _4\"></span>o<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>a<span class=\"__1 _4\"></span>mi<span class=\"__1 _8\"></span>e<span class=\"__1 _8\"></span>n<span class=\"__1 _8\"></span>to<span class=\"__1 _6\"></span>s<span class=\"__1 _4\"></span> y<span class=\"__1 _5\"></span> o<span class=\"__1 _8\"></span>tros<span class=\"__1 _9b\"> </span>(87.995)<span class=\"__1 _8d\"> </span>(222.14<span class=\"__1 _5\"></span>7)<span class=\"__1 _ec\"> </span>-<span class=\"__1 _23\"> </span>2.39<span class=\"__1 _5\"></span>0<span class=\"__1 _8d\"> </span>(307.75<span class=\"__1 _5\"></span>2)<span class=\"__1 _1bc\"> </span>M<span class=\"__1 _5\"></span>ARGEN <span class=\"__1 _6\"></span>B<span class=\"__1 _6\"></span>RUTO<span class=\"__1 _121\"> </span>110.<span class=\"__1 _5\"></span>702<span class=\"__1 _5a\"> </span>298.<span class=\"__1 _5\"></span>600<span class=\"__1 _88\"> </span>-<span class=\"__1 _67\"> </span>(<span class=\"__1 _6\"></span>24.5<span class=\"__1 _5\"></span>22)<span class=\"__1 _59\"> </span>384.7<span class=\"__1 _5\"></span>80<span class=\"__1 _1bc\"> </span>Ga<span class=\"__1 _4\"></span>s<span class=\"__1 _8\"></span>to<span class=\"__1 _6\"></span>s<span class=\"__1 _4\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _8\"></span> <span class=\"__1 _6\"></span>p<span class=\"__1 _8\"></span>e<span class=\"__1 _8\"></span>rs<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>n<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>l<span class=\"__1 _f4\"> </span>(<span class=\"__1 _6\"></span>18.644)<span class=\"__1 _67\"> </span>(28.357)<span class=\"__1 _67\"> </span>(<span class=\"__1 _6\"></span>36.030<span class=\"__1 _5\"></span>)<span class=\"__1 _23\"> </span>7.643<span class=\"__1 _117\"> </span>(<span class=\"__1 _6\"></span>75.38<span class=\"__1 _5\"></span>8)<span class=\"__1 _1bc\"> </span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> <span class=\"__1 _6\"></span>g<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _4\"></span>tos<span class=\"__1 _4\"></span> d<span class=\"__1 _8\"></span>e<span class=\"__1 _8\"></span> e<span class=\"__1 _8\"></span>xp<span class=\"__1 _6\"></span>l<span class=\"__1 _4\"></span>ota<span class=\"__1 _4\"></span>ci<span class=\"__1 _8\"></span>\u00f3<span class=\"__1 _6\"></span>n<span class=\"__1 _114\"> </span>(71.012)<span class=\"__1 _8d\"> </span>(118.234)<span class=\"__1 _67\"> </span>(14.200)<span class=\"__1 _4d\"> </span>15.968<span class=\"__1 _49\"> </span>(<span class=\"__1 _6\"></span>187.477)<span class=\"__1 _1bc\"> </span>R<span class=\"__1 _6\"></span>e<span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>e<span class=\"__1 _8\"></span>rcu<span class=\"__1 _6\"></span>s<span class=\"__1 _4\"></span>i<span class=\"__1 _8\"></span>\u00f3<span class=\"__1 _6\"></span>n<span class=\"__1 _8\"></span> e<span class=\"__1 _8\"></span>s<span class=\"__1 _4\"></span>tr<span class=\"__1 _70\"></span>u<span class=\"__1 _8\"></span>ctu<span class=\"__1 _6\"></span>ra<span class=\"__1 _109\"> </span>(14.944)<span class=\"__1 _67\"> </span>(19.470)<span class=\"__1 _4d\"> </span>50.229<span class=\"__1 _88\"> </span>-<span class=\"__1 _16\"> </span>15.815<span class=\"__1 _1bc\"> </span>EBITD<span class=\"__1 _6\"></span>A (*)<span class=\"__1 _122\"> </span>6.1<span class=\"__1 _5\"></span>02<span class=\"__1 _5a\"> </span>132.53<span class=\"__1 _5\"></span>9<span class=\"__1 _88\"> </span>-<span class=\"__1 _1f\"> </span>(911)<span class=\"__1 _59\"> </span>137.73<span class=\"__1 _5\"></span>0<span class=\"__1 _1bc\"> </span>Am<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>rti<span class=\"__1 _8\"></span>z<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>o<span class=\"__1 _8\"></span>n<span class=\"__1 _6\"></span>e<span class=\"__1 _8\"></span>s<span class=\"__1 _4\"></span> y d<span class=\"__1 _6\"></span>e<span class=\"__1 _8\"></span>te<span class=\"__1 _8\"></span>ri<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>ro<span class=\"__1 _6\"></span>s<span class=\"__1 _4\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _8\"></span> <span class=\"__1 _6\"></span>a<span class=\"__1 _4\"></span>c<span class=\"__1 _5\"></span>ti<span class=\"__1 _8\"></span>vo<span class=\"__1 _6\"></span>s<span class=\"__1 _123\"> </span>180.1<span class=\"__1 _5\"></span>15<span class=\"__1 _117\"> </span>(<span class=\"__1 _6\"></span>36.614)<span class=\"__1 _ec\"> </span>-<span class=\"__1 _117\"> </span>(<span class=\"__1 _6\"></span>18.029)<span class=\"__1 _59\"> </span>125.472<span class=\"__1 _1bc\"> </span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> <span class=\"__1 _6\"></span>g<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _4\"></span>tos<span class=\"__1 _4\"></span> n<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span> o<span class=\"__1 _8\"></span>rd<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>n<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>ri<span class=\"__1 _8\"></span>o<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span> <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e<span class=\"__1 _8\"></span> <span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _4\"></span>s<span class=\"__1 _8\"></span> o<span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>e<span class=\"__1 _8\"></span>ra<span class=\"__1 _8\"></span>ci<span class=\"__1 _4\"></span>on<span class=\"__1 _8\"></span>e<span class=\"__1 _8\"></span>s<span class=\"__1 _d7\"> </span>(14.920)<span class=\"__1 _ec\"> </span>-<span class=\"__1 _ec\"> </span>-<span class=\"__1 _a0\"> </span><span class=\"ls38\">41<span class=\"__1 _67\"> </span></span>(14.879)<span class=\"__1 _1bc\"> </span>BEN<span class=\"__1 _6\"></span>EF<span class=\"__1 _6\"></span>IC<span class=\"__1 _5\"></span>IO/<span class=\"__1 _5\"></span> (<span class=\"__1 _6\"></span>P\u00c9RDID<span class=\"__1 _6\"></span>A) D<span class=\"__1 _6\"></span>E<span class=\"__1 _6\"></span> EX<span class=\"__1 _6\"></span>PLOTA<span class=\"__1 _70\"></span>CI\u00d3N<span class=\"__1 _87\"> </span>171.297<span class=\"__1 _4d\"> </span>95<span class=\"__1 _5\"></span>.92<span class=\"__1 _5\"></span>6<span class=\"__1 _88\"> </span>-<span class=\"__1 _7c\"> </span>(18.900)<span class=\"__1 _5a\"> </span>248.32<span class=\"__1 _5\"></span>3<span class=\"__1 _1bc\"> </span>R<span class=\"__1 _6\"></span>e<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>u<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>ta<span class=\"__1 _4\"></span>do<span class=\"__1 _8\"></span> f<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>n<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>n<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>e<span class=\"__1 _8\"></span>ro<span class=\"__1 _3d\"> </span>(2.506)<span class=\"__1 _e6\"> </span>(<span class=\"__1 _6\"></span>4.737)<span class=\"__1 _88\"> </span>-<span class=\"__1 _53\"> </span>(<span class=\"__1 _6\"></span>1.302)<span class=\"__1 _a2\"> </span>(<span class=\"__1 _6\"></span>8.545)<span class=\"__1 _1bc\"> </span>R<span class=\"__1 _6\"></span>e<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>u<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>ta<span class=\"__1 _4\"></span>do<span class=\"__1 _8\"></span> Pu<span class=\"__1 _6\"></span>e<span class=\"__1 _8\"></span>s<span class=\"__1 _4\"></span>ta<span class=\"__1 _8\"></span> e<span class=\"__1 _8\"></span>n<span class=\"__1 _8\"></span> e<span class=\"__1 _8\"></span>q<span class=\"__1 _8\"></span>u<span class=\"__1 _6\"></span>i<span class=\"__1 _4\"></span>v<span class=\"__1 _70\"></span>a<span class=\"__1 _4\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _8\"></span>n<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>a<span class=\"__1 _34\"> </span>-<span class=\"__1 _ec\"> </span>-<span class=\"__1 _ec\"> </span>-<span class=\"__1 _79\"> </span>(5)<span class=\"__1 _79\"> </span>(<span class=\"__1 _6\"></span>5)<span class=\"__1 _1bc\"> </span>BEN<span class=\"__1 _6\"></span>EF<span class=\"__1 _6\"></span>IC<span class=\"__1 _5\"></span>IO/<span class=\"__1 _5\"></span> (<span class=\"__1 _6\"></span>P\u00c9RDID<span class=\"__1 _6\"></span>A) ANTES<span class=\"__1 _6\"></span> D<span class=\"__1 _6\"></span>E<span class=\"__1 _6\"></span> IM<span class=\"__1 _5\"></span>PUESTOS<span class=\"__1 _95\"> </span>168.<span class=\"__1 _5\"></span>791<span class=\"__1 _4d\"> </span>91.<span class=\"__1 _5\"></span>189<span class=\"__1 _88\"> </span>-<span class=\"__1 _67\"> </span>(<span class=\"__1 _6\"></span>20.2<span class=\"__1 _5\"></span>07)<span class=\"__1 _59\"> </span>239.<span class=\"__1 _5\"></span>773<span class=\"__1 _1bc\"> </span>I<span class=\"__1 _8\"></span>mp<span class=\"__1 _8\"></span>u<span class=\"__1 _6\"></span>e<span class=\"__1 _8\"></span>s<span class=\"__1 _4\"></span>to<span class=\"__1 _6\"></span> s<span class=\"__1 _4\"></span>o<span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>re<span class=\"__1 _8\"></span> b<span class=\"__1 _8\"></span>e<span class=\"__1 _8\"></span>n<span class=\"__1 _6\"></span>e<span class=\"__1 _8\"></span>f<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ci<span class=\"__1 _4\"></span>os<span class=\"__1 _11a\"> </span>(42.090)<span class=\"__1 _67\"> </span>(<span class=\"__1 _6\"></span>21.91<span class=\"__1 _5\"></span>7)<span class=\"__1 _ec\"> </span>-<span class=\"__1 _16\"> </span>67.73<span class=\"__1 _5\"></span>0<span class=\"__1 _4a\"> </span>3.723<span class=\"__1 _1bc\"> </span>BEN<span class=\"__1 _6\"></span>EF<span class=\"__1 _6\"></span>IC<span class=\"__1 _5\"></span>IO/<span class=\"__1 _5\"></span> (<span class=\"__1 _6\"></span>P\u00c9RDID<span class=\"__1 _6\"></span>A) D<span class=\"__1 _6\"></span>E<span class=\"__1 _6\"></span>L EJE<span class=\"__1 _6\"></span>RCIC<span class=\"__1 _70\"></span>IO<span class=\"__1 _11b\"> </span>126.<span class=\"__1 _5\"></span>701<span class=\"__1 _4d\"> </span>69.<span class=\"__1 _5\"></span>271<span class=\"__1 _88\"> </span>-<span class=\"__1 _16\"> </span>47.5<span class=\"__1 _5\"></span>24<span class=\"__1 _5a\"> </span>243.4<span class=\"__1 _5\"></span>96<span class=\"__1 _1bc\"> </span>R<span class=\"__1 _6\"></span>e<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>u<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>ta<span class=\"__1 _4\"></span>do<span class=\"__1 _8\"></span> a<span class=\"__1 _4\"></span>tr<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>b<span class=\"__1 _8\"></span>u<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>d<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span> <span class=\"__1 _6\"></span>i<span class=\"__1 _4\"></span>nte<span class=\"__1 _8\"></span>re<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>e<span class=\"__1 _4\"></span>s<span class=\"__1 _8\"></span> m<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>n<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>ri<span class=\"__1 _8\"></span>ta<span class=\"__1 _4\"></span>r<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _8\"></span>s<span class=\"__1 _11c\"> </span>-<span class=\"__1 _ec\"> </span>-<span class=\"__1 _ec\"> </span>-<span class=\"__1 _ec\"> </span>-<span class=\"__1 _88\"> </span>- B<span class=\"__1 _6\"></span>en<span class=\"__1 _5\"></span>eficio/<span class=\"__1 _5\"></span> (<span class=\"__1 _6\"></span>p\u00e9<span class=\"__1 _5\"></span>rd<span class=\"__1 _70\"></span>ida) a<span class=\"__1 _6\"></span>tr<span class=\"__1 _5\"></span>ib<span class=\"__1 _5\"></span>uib<span class=\"__1 _70\"></span>le a <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>socied<span class=\"__1 _70\"></span>ad<span class=\"__1 _1bc\"> </span>d<span class=\"__1 _5\"></span>o<span class=\"__1 _5\"></span>minan<span class=\"__1 _70\"></span>te<span class=\"__1 _1bc\"> </span>126.<span class=\"__1 _5\"></span>701<span class=\"__1 _4d\"> </span>69.<span class=\"__1 _5\"></span>271<span class=\"__1 _88\"> </span>-<span class=\"__1 _16\"> </span>47.5<span class=\"__1 _5\"></span>24<span class=\"__1 _5a\"> </span>243.4<span class=\"__1 _5\"></span>96<span class=\"__1 _1bc\"> </span>M<span class=\"__1 _5\"></span>iles <span class=\"__1 _6\"></span>d<span class=\"__1 _5\"></span>e Euro<span class=\"__1 _70\"></span>s",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-563": {
   "value": "9.  Ingresos ordinarios y otros ingresos de explotaci\u00f3n Los ingresos ordinarios se corresponden con ingresos de contratos de clientes. La distribuci\u00f3n de los ingresos ordinarios correspondiente a las actividades del Grupo en los ejercicios 2023 y 2022 es como sigue:  (*)  La diferencia entre la informaci\u00f3n del \u201cGrupo Consolidado\u201d al 31 de diciembre de 2023 y 2022 y la agregaci\u00f3n de  los  negocios  \u201cCelulosa\u201d  y  \u201cEnerg\u00eda  Renovable\u201d  se  corresponde  con  eliminaciones  de  operaciones efectuadas entre dichos negocios en los ejercicios 2023 y 2022 por importe de 2.730 miles \u20ac y 3.809 miles \u20ac, respectivamente. El  reconocimiento  del  Vajdm  (v\u00e9anse  Notas  3.15,  29  y  Anexo  III)  correspondiente  al  ejercicio  2023  ha supuesto un aumento de los ingresos procedentes de la venta de energ\u00eda renovable por importe de 27.129 miles \u20ac siendo su contrapartida el ep\u00edgrafe \u201cActivos financieros a largo plazo \u2013 Otras inversiones financieras\u201d del Estado de Situaci\u00f3n Financiera consolidado  (menor ingreso por importe de 34.115  miles \u20ac en  2022 registrados  con  abono  al  ep\u00edgrafe  \u201cOtros  pasivos  no  corrientes\u201d  del  Estado  de  Situaci\u00f3n  Financiera consolidado ). El Grupo reconoce pasivo en concepto de Vajdm con el l\u00edmite del VNA de cada instalaci\u00f3n. Sin esa limitaci\u00f3n, el pasivo reconocido en 2022 habr\u00eda sido superior al registrado en 33,1 millones \u20ac. No se ha reconocido pasivo en concepto de Vajdm en las instalaciones que estando en el \u201cR\u00e9gimen Especial de  Cogeneraci\u00f3n  y  Residuos\u201d  (RECORE)  en  su  origen  ten\u00edan  un  VNA  cero.  Se  corresponde  con  las instalaciones de ENCE Celulosa cuyo combustible es licor negro, y las instalaciones de ENCE Renovables C\u00f3rdoba 13 MW, cuyo combustible es gas, Puertollano 50 MW y Huelva 46 MW. Durante los ejercicios 2023 y 2022 las sociedades del Grupo han efectuado ventas en moneda distinta del euro,  principalmente  d\u00f3lar  estadounidense,  por  importe  de  171  millones  \u20ac  y  207  millones  \u20ac, respectivamente. 9.1  Otros ingresos de explotaci\u00f3n Este ep\u00edgrafe del Estado de Resultado consolidado recoge, principalmente, ingresos por subvenciones de explotaci\u00f3n, ingresos por arrendamientos, reversiones de provisiones para riesgos y gastos (v\u00e9ase Nota 31), e indemnizaciones percibidas de compa\u00f1\u00edas de seguros. 9.2  Distribuci\u00f3n geogr\u00e1fica de los ingresos La totalidad de las ventas de energ\u00eda el\u00e9ctrica se han efectuado en Espa\u00f1a. La  distribuci\u00f3n por mercados geogr\u00e1ficos de los ingresos ordinarios correspondientes a las ventas de celulosa es como sigue: Grupo Grupo Consolidado Consolidado Magnitudes operativas- Ventas Celulosa (Toneladas) 978.500                      -    978.500 826.617                      -    826.617 Ventas de energ\u00eda (MWh) 265.455 947.253 1.212.708 698.452 1.481.446 2.179.898 Ingresos- Celulosa   565.593                         -      565.593      625.476                         -    625.476 Energ\u00eda el\u00e9ctrica   38.190      169.942      208.132    73.613 293.726 367.339 Madera y servicios forestales   16.678      1.144      17.822    10.088 471 10.559 Venta de proyectos fotovoltaicos (Nota 1)                      -      38.056      38.056                         -                         -                         - Facturaci\u00f3n intra-negocios   2.730                         -                         -    3.698 111                      - 623.191 209.142 829.603 712.875 294.308 1.003.374 31/12/2023 31/12/2022 Miles de euros Negocio Celulosa Negocio Renovables Negocio Celulosa Negocio Renovables (*)  Distribuci\u00f3n realizada considerando el lugar de entrega Porcentaje/Ventas celulosa2023 2022 Alemania 21,3 21,0 Polonia 15,0 12,1 Espa\u00f1a 13,2 16,5 Italia 6,1 10,2 Pa\u00edses Bajos 5,7 2,4 Grecia 5,7 4,9 Reino Unido 5,4 6,9 Turqu\u00eda 5,0 3,5 Otros 22,6 22,5 100,0 100,0",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-22": {
   "value": "9.1<span class=\"ff5\"> <span class=\"__1 _cc\"> </span></span><span class=\"fc3\">Otros ingresos de<span class=\"__1 _5\"></span> explotaci\u00f3n<span class=\"__1 _1bc\"> </span></span><span class=\"fc3\"> </span>Este <span class=\"__1 _4\"></span>ep\u00edgrafe <span class=\"__1 _8\"></span>del <span class=\"__1 _4\"></span>Estado <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>Resultad<span class=\"__1 _6\"></span>o <span class=\"__1 _4\"></span>consolidado <span class=\"__1 _4\"></span>recoge, <span class=\"__1 _8\"></span>principalmente, <span class=\"__1 _4\"></span>ingresos <span class=\"__1 _4\"></span>por <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>ubvenciones <span class=\"__1 _4\"></span>de<span class=\"__1 _1bc\"> </span> explotaci\u00f3n, ingresos por arrendamientos<span class=\"__1 _6\"></span>, reversiones de provisiones para riesgos y<span class=\"__1 _5\"></span> gastos (v\u00e9ase Nota 31),<span class=\"__1 _1bc\"> </span> e indemnizaciones percibidas<span class=\"__1 _6\"></span> de compa\u00f1<span class=\"__1 _6\"></span>\u00edas de seguros<span class=\"__1 _6\"></span>. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-559": {
   "value": "9.1<span class=\"ff5\"> <span class=\"__1 _cc\"> </span></span><span class=\"fc3\">Otros ingresos de<span class=\"__1 _5\"></span> explotaci\u00f3n<span class=\"__1 _1bc\"> </span></span><span class=\"fc3\"> </span>Este <span class=\"__1 _4\"></span>ep\u00edgrafe <span class=\"__1 _8\"></span>del <span class=\"__1 _4\"></span>Estado <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>Resultad<span class=\"__1 _6\"></span>o <span class=\"__1 _4\"></span>consolidado <span class=\"__1 _4\"></span>recoge, <span class=\"__1 _8\"></span>principalmente, <span class=\"__1 _4\"></span>ingresos <span class=\"__1 _4\"></span>por <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>ubvenciones <span class=\"__1 _4\"></span>de<span class=\"__1 _1bc\"> </span> explotaci\u00f3n, ingresos por arrendamientos<span class=\"__1 _6\"></span>, reversiones de provisiones para riesgos y<span class=\"__1 _5\"></span> gastos (v\u00e9ase Nota 31),<span class=\"__1 _1bc\"> </span> e indemnizaciones percibidas<span class=\"__1 _6\"></span> de compa\u00f1<span class=\"__1 _6\"></span>\u00edas de seguros<span class=\"__1 _6\"></span>. 12.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Otros gastos de explotaci\u00f3n<span class=\"__1 _1bc\"> </span></span></span>El detalle <span class=\"__1 _70\"></span>de este e<span class=\"__1 _5\"></span>p\u00edgrafe del Estado <span class=\"__1 _5\"></span>de Re<span class=\"__1 _5\"></span>sultado consolidado de <span class=\"__1 _5\"></span>los ejercicios <span class=\"__1 _70\"></span>2023 y 2022 <span class=\"__1 _5\"></span>en los distintos<span class=\"__1 _1bc\"> </span>negocios desarrollad<span class=\"__1 _6\"></span>os por ENCE es el s<span class=\"__1 _6\"></span>iguiente:<span class=\"__1 _1bc\"> </span>(*) <span class=\"__1 _bd\"> </span><span class=\"ff6\">La diferencia entre la informaci\u00f3n del<span class=\"__1 _5\"></span> \u201cGrupo Consolidado\u201d al 31 de diciembre de<span class=\"__1 _5\"></span> 2023 y 2022 y la agregaci\u00f3n de<span class=\"__1 _1bc\"> </span></span>los <span class=\"__1 _70\"></span>negocios \u201c<span class=\"__1 _5\"></span>Celulosa\u201d <span class=\"__1 _70\"></span>y \u201c<span class=\"__1 _5\"></span>Energ\u00eda <span class=\"__1 _70\"></span>R<span class=\"__1 _6\"></span>enovable\u201d <span class=\"__1 _70\"></span>se <span class=\"__1 _70\"></span>co<span class=\"__1 _6\"></span>rresponde <span class=\"__1 _70\"></span>con <span class=\"__1 _5\"></span>eliminacio<span class=\"ff4\">nes <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>operaciones <span class=\"__1 _5\"></span>efectuadas <span class=\"__1 _70\"></span>entre<span class=\"__1 _1bc\"> </span></span>dichos negocios en 2023 y 2022 por 1.220 miles \u20ac y 1.211 miles \u20ac, respe<span class=\"__1 _5\"></span>ctivamente.<span class=\"__1 _1bc\"> </span>12.1<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Servicios exteriores<span class=\"__1 _1bc\"> </span></span></span>El desglose por <span class=\"__1 _6\"></span>conceptos del gasto d<span class=\"__1 _6\"></span>e servicios exteriores de los<span class=\"__1 _6\"></span> ejercicios 2023 y 2022 es<span class=\"__1 _6\"></span> el siguiente:<span class=\"__1 _1bc\"> </span>Se<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>vi<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span> exte<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s 14<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.28<span class=\"__1 _6\"></span>8 <span class=\"__1 _125\"> </span> 6<span class=\"__1 _6\"></span>6.8<span class=\"__1 _6\"></span>94<span class=\"__1 _6\"></span> <span class=\"__1 _33\"> </span> 21<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.96<span class=\"__1 _6\"></span>2 <span class=\"__1 _12\"> </span> 18<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.59<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span> <span class=\"__1 _fc\"> </span> 7<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.46<span class=\"__1 _6\"></span>6 <span class=\"__1 _33\"> </span> 2<span class=\"__1 _6\"></span>53<span class=\"__1 _6\"></span>.84<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span>Cons<span class=\"__1 _8\"></span>umo de<span class=\"__1 _5\"></span>rech<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> de e<span class=\"__1 _70\"></span>mi<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>\u00f3<span class=\"__1 _6\"></span>n 8.3<span class=\"__1 _6\"></span>44<span class=\"__1 _6\"></span> <span class=\"__1 _5a\"> </span> 3<span class=\"__1 _6\"></span>.28<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _fc\"> </span> 1<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.63<span class=\"__1 _6\"></span>2 <span class=\"__1 _1f\"> </span> 7.83<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _5a\"> </span> 2<span class=\"__1 _6\"></span>.81<span class=\"__1 _6\"></span>4 <span class=\"__1 _125\"> </span> 10<span class=\"__1 _6\"></span>.65<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>Tri<span class=\"__1 _8\"></span>butos 2.9<span class=\"__1 _6\"></span>93<span class=\"__1 _6\"></span> <span class=\"__1 _5a\"> </span> 2<span class=\"__1 _6\"></span>.02<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span> <span class=\"__1 _5a\"> </span> 5<span class=\"__1 _6\"></span>.01<span class=\"__1 _6\"></span>4 <span class=\"__1 _1f\"> </span> 2.16<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _5a\"> </span> 2<span class=\"__1 _6\"></span>.84<span class=\"__1 _6\"></span>2 <span class=\"__1 _59\"> </span> 5.0<span class=\"__1 _6\"></span>04<span class=\"__1 _1bc\"> </span>Var<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n d<span class=\"__1 _6\"></span>e l<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> pr<span class=\"__1 _6\"></span>ovi<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ones <span class=\"__1 _6\"></span>de t<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>\u00e1<span class=\"__1 _8\"></span>fi<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>y otros<span class=\"__1 _1bc\"> </span>           <span class=\"ls0_1\"> <span class=\"__1 _ec\"> </span> 12<span class=\"__1 _6\"></span>6 <span class=\"__1 _53\"> </span>(38<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>) <span class=\"__1 _141\"></span><span class=\"ls46\">           <span class=\"ls0_1\"> <span class=\"__1 _da\"> </span>(2<span class=\"__1 _6\"></span>27<span class=\"__1 _6\"></span>) <span class=\"__1 _141\"></span><span class=\"ls46\">           <span class=\"ls0_1\"> <span class=\"__1 _85\"> </span> 86<span class=\"__1 _6\"></span> <span class=\"__1 _e6\"> </span>(1<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>) <span class=\"__1 _141\"></span><span class=\"ls46\">           <span class=\"ls0_1\"> </span></span></span></span></span></span></span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> ga<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>tos<span class=\"__1 _6\"></span> n<span class=\"__1 _6\"></span>o or<span class=\"__1 _6\"></span>di<span class=\"__1 _8\"></span>na<span class=\"__1 _8\"></span>ri<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span> de l<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> op<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> (Not<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span> 3<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>)<span class=\"__1 _18\"> </span> 6<span class=\"__1 _6\"></span>19<span class=\"__1 _6\"></span> <span class=\"__1 _8b\"> </span> 40<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _5a\"> </span> 1<span class=\"__1 _6\"></span>.02<span class=\"__1 _6\"></span>8 <span class=\"__1 _41\"> </span> 21<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _ed\"> </span><span class=\"ls47\">- <span class=\"__1 _142\"></span><span class=\"ls46\">                  <span class=\"ls0_1\"> <span class=\"__1 _7e\"> </span> 21<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>0</span></span></span> 15<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.733<span class=\"__1 _6\"></span> <span class=\"__1 _125\"> </span> 72<span class=\"__1 _6\"></span>.738<span class=\"__1 _6\"></span> <span class=\"__1 _33\"> </span> 23<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.251<span class=\"__1 _6\"></span> <span class=\"__1 _12\"> </span> 21<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.366<span class=\"__1 _6\"></span> <span class=\"__1 _125\"> </span> 78<span class=\"__1 _6\"></span>.208<span class=\"__1 _6\"></span> <span class=\"__1 _33\"> </span> 29<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.363<span class=\"__1 _1bc\"> </span>31/12/2023<span class=\"__1 _1bc\"> </span>31/12/2022<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de e<span class=\"__1 _70\"></span>ur<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Ce<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span>a<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>nova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _1bc\"> </span>Grupo<span class=\"__1 _1bc\"> </span>Cons<span class=\"__1 _8\"></span>ol<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>da<span class=\"__1 _6\"></span>do<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Ce<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span>a<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>nova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _1bc\"> </span>Grupo<span class=\"__1 _1bc\"> </span>Cons<span class=\"__1 _8\"></span>ol<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>da<span class=\"__1 _6\"></span>d<span class=\"__1 _1bc\"> </span> <span class=\"ff4\"> (*) <span class=\"__1 _bf\"></span><span class=\"ff6\">La <span class=\"__1 _6\"></span>diferencia <span class=\"__1 _6\"></span>entre <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>informaci\u00f3n <span class=\"__1 _8\"></span>del \u201cGru<span class=\"__1 _6\"></span>po <span class=\"__1 _6\"></span>Consolidado\u201d <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>31 <span class=\"__1 _8\"></span>de diciembre <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>2023 <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>2022 <span class=\"__1 _8\"></span>y <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>agregaci\u00f3n <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span></span></span>los negocios \u201cCelulosa\u201d y <span class=\"__1 _6\"></span>\u201cEnerg\u00eda <span class=\"__1 _6\"></span>Renovable\u201d se corresponde con<span class=\"__1 _6\"></span> eliminaciones de <span class=\"__1 _6\"></span>operaciones efectuadas <span class=\"__1 _6\"></span>entre<span class=\"__1 _1bc\"> </span>dichos negocios en 2023 y 20<span class=\"ff6\">22 por 1.220 miles \u20ac y 1.211 miles \u20ac, respectivamente<span class=\"__1 _5\"></span>.<span class=\"__1 _1bc\"> </span></span>Las biof\u00e1bricas<span class=\"__1 _6\"></span> de ENCE <span class=\"__1 _6\"></span>Celulosa han p<span class=\"__1 _6\"></span>asado en 2023 de un r<span class=\"__1 _6\"></span>\u00e9gimen energ\u00e9tico en el qu<span class=\"__1 _6\"></span>e se vende toda <span class=\"__1 _6\"></span>la<span class=\"__1 _1bc\"> </span>energ\u00eda producida y se adquiere la energ\u00eda necesaria para el proceso, a un r\u00e9gimen en el que s\u00f3lo<span class=\"__1 _6\"></span> se vende<span class=\"__1 _1bc\"> </span>el <span class=\"__1 _70\"></span>ex<span class=\"__1 _6\"></span>cedente e<span class=\"__1 _5\"></span>ntre lo <span class=\"__1 _70\"></span>generado<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>y <span class=\"__1 _5\"></span>lo <span class=\"__1 _70\"></span>con<span class=\"__1 _6\"></span>sumido. Este <span class=\"__1 _5\"></span>cambio explica <span class=\"__1 _5\"></span>en <span class=\"__1 _70\"></span>gran<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>parte <span class=\"__1 _5\"></span>la <span class=\"__1 _5\"></span>reducci\u00f3n en <span class=\"__1 _70\"></span>los costes<span class=\"__1 _1bc\"> </span>recogidos en la cuenta \u201c<span class=\"__1 _6\"></span>suministros<span class=\"__1 _6\"></span>\u201d respecto al ejercicio anterior.<span class=\"__1 _1bc\"> </span>ENCE <span class=\"__1 _70\"></span>tiene contratado <span class=\"__1 _70\"></span>un <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>eguro <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>responsabilidad civil <span class=\"__1 _70\"></span>que <span class=\"__1 _70\"></span>cub<span class=\"__1 _6\"></span>re <span class=\"__1 _70\"></span>a <span class=\"__1 _5\"></span>todos <span class=\"__1 _5\"></span>sus <span class=\"__1 _70\"></span>administradores <span class=\"__1 _5\"></span>y <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>irectivos<span class=\"__1 _1bc\"> </span>por <span class=\"__1 _6\"></span>da\u00f1<span class=\"__1 _6\"></span>os <span class=\"__1 _6\"></span>ocasionados <span class=\"__1 _8\"></span>por <span class=\"__1 _6\"></span>actos <span class=\"__1 _6\"></span>u <span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>misiones <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>ejercicio <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>su <span class=\"__1 _6\"></span>cargo. <span class=\"__1 _6\"></span>Su <span class=\"__1 _8\"></span>coste <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>2023 <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>2022 <span class=\"__1 _6\"></span>ha <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>ido<span class=\"__1 _1bc\"> </span>de 94 miles \u20ac. 12.2<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Honorarios de auditor\u00eda<span class=\"__1 _1bc\"> </span></span></span>La <span class=\"__1 _5\"></span>firma <span class=\"__1 _70\"></span>qu<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>h<span class=\"__1 _6\"></span>a <span class=\"__1 _5\"></span>auditado las <span class=\"__1 _70\"></span>cuentas de <span class=\"__1 _70\"></span>las <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>ociedades que <span class=\"__1 _70\"></span>con<span class=\"__1 _6\"></span>forman <span class=\"__1 _5\"></span>el <span class=\"__1 _70\"></span>Grupo ENCE <span class=\"__1 _5\"></span>(v\u00e9ase <span class=\"__1 _5\"></span>Anexo <span class=\"__1 _5\"></span>I) <span class=\"__1 _5\"></span>en 2023<span class=\"__1 _1bc\"> </span>y 2022 ha sido<span class=\"__1 _6\"></span> KPMG Auditores, S.L.<span class=\"__1 _1bc\"> </span>Durante <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>ejercicios <span class=\"__1 _8\"></span>2023 <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>2022, <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>h<span class=\"__1 _6\"></span>onorarios <span class=\"__1 _8\"></span>relativos <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>servicios <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>audito<span class=\"__1 _6\"></span>r\u00eda <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>cuentas <span class=\"__1 _8\"></span>y <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>otros<span class=\"__1 _1bc\"> </span>servicios prestad<span class=\"__1 _6\"></span>os por el auditor o por empresas<span class=\"__1 _6\"></span> vinculadas a<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span> auditor han s<span class=\"__1 _6\"></span>ido los siguientes:<span class=\"__1 _1bc\"> </span>Los <span class=\"__1 _cb\"> </span>\u00fanicos  servicios  presta<span class=\"__1 _6\"></span>dos  por <span class=\"__1 _cb\"> </span>el  auditor<span class=\"__1 _6\"></span>  en <span class=\"__1 _cb\"> </span>2023,  relacionados <span class=\"__1 _cb\"> </span>con  los <span class=\"__1 _cb\"> </span>servici<span class=\"__1 _5\"></span>os <span class=\"__1 _cb\"> </span>de  auditor\u00eda,  s<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span>corresponden <span class=\"__1 _6\"></span>con <span class=\"__1 _6\"></span>servicios <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>revisi\u00f3n <span class=\"__1 _6\"></span>sobre <span class=\"__1 _6\"></span>ratios <span class=\"__1 _6\"></span>financieros <span class=\"__1 _6\"></span>para <span class=\"__1 _6\"></span>atender <span class=\"__1 _6\"></span>a las <span class=\"__1 _6\"></span>obligacion<span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>recogidas <span class=\"__1 _6\"></span>en<span class=\"__1 _1bc\"> </span>los <span class=\"__1 _c6\"> </span>contratos<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>financiaci\u00f3n<span class=\"__1 _6\"></span>, <span class=\"__1 _c6\"> </span>serv<span class=\"__1 _6\"></span>icios <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>verificaci\u00f3n <span class=\"__1 _c6\"> </span>de<span class=\"__1 _6\"></span>l <span class=\"__1 _c6\"> </span>sis<span class=\"__1 _6\"></span>tema <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>control <span class=\"__1 _c6\"> </span>in<span class=\"__1 _6\"></span>terno <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c6\"> </span>infor<span class=\"__1 _6\"></span>maci\u00f3n<span class=\"__1 _1bc\"> </span>financiera <span class=\"__1 _c8\"></span><span class=\"ls16\">y <span class=\"__1 _4\"></span></span>s<span class=\"__1 _6\"></span>ervicios <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>r<span class=\"__1 _6\"></span>evisi\u00f3n <span class=\"__1 _c8\"> </span>de<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>eterminadas <span class=\"__1 _c8\"></span>magnitud<span class=\"__1 _6\"></span>es <span class=\"__1 _c8\"></span>financieras <span class=\"__1 _c8\"></span>para <span class=\"__1 _c8\"></span>acreditar <span class=\"__1 _c8\"></span>la <span class=\"__1 _c8\"></span>condici\u00f3n <span class=\"__1 _c8\"></span>de<span class=\"__1 _1bc\"> </span>consumidor <span class=\"__1 _6\"></span>electrointensivo<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>as\u00ed como <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>periodo <span class=\"__1 _6\"></span>medio d<span class=\"__1 _6\"></span>e p<span class=\"__1 _6\"></span>ago legal <span class=\"__1 _8\"></span>en varias<span class=\"__1 _6\"></span> insta<span class=\"__1 _6\"></span>laciones del <span class=\"__1 _6\"></span>Grupo<span class=\"__1 _6\"></span>. Por<span class=\"__1 _1bc\"> </span>su <span class=\"__1 _8\"></span>parte <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>apartad<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>\u201c<span class=\"__1 _6\"></span>Otros <span class=\"__1 _8\"></span>servicios\u201d <span class=\"__1 _8\"></span>incluye <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>rincipalmente <span class=\"__1 _4\"></span><span class=\"ff4\">servicios <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>verificaci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>informaci\u00f3n <span class=\"__1 _8\"></span>no<span class=\"__1 _1bc\"> </span></span>financiera<span class=\"ls17\">. </span>Tra<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>te<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>, fl<span class=\"__1 _6\"></span>ete<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> y c<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span>te<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> c<span class=\"__1 _6\"></span>ome<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _1b\"> </span><span class=\"ls49\">            6<span class=\"__1 _6\"></span>2.55<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              3.26<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>            6<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.817<span class=\"__1 _6\"></span> <span class=\"__1 _126\"> </span>            6<span class=\"__1 _6\"></span>2.51<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              2.39<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>            6<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>.902<span class=\"__1 _1bc\"> </span></span>Sumi<span class=\"__1 _6\"></span>ni<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>tros<span class=\"__1 _13a\"> </span><span class=\"ls49\">            12<span class=\"__1 _6\"></span>.17<span class=\"__1 _6\"></span>7 <span class=\"__1 _cd\"> </span>              5<span class=\"__1 _6\"></span>.14<span class=\"__1 _6\"></span>7 <span class=\"__1 _c9\"> </span>            17<span class=\"__1 _6\"></span>.134<span class=\"__1 _6\"></span> <span class=\"__1 _126\"> </span>            5<span class=\"__1 _6\"></span>6.39<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              6.82<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>            6<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.970<span class=\"__1 _1bc\"> </span></span>Re<span class=\"__1 _5\"></span>pa<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>nes<span class=\"__1 _6\"></span> y c<span class=\"__1 _6\"></span>ons<span class=\"__1 _8\"></span>erva<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3<span class=\"__1 _6\"></span>n<span class=\"__1 _44\"> </span><span class=\"ls49\">            16<span class=\"__1 _6\"></span>.92<span class=\"__1 _6\"></span>6 <span class=\"__1 _c9\"> </span>            22<span class=\"__1 _6\"></span>.22<span class=\"__1 _6\"></span>5 <span class=\"__1 _c9\"> </span>            39<span class=\"__1 _6\"></span>.15<span class=\"__1 _6\"></span>1 <span class=\"__1 _126\"> </span>            1<span class=\"__1 _6\"></span>6.22<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>            2<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>.914<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>            41<span class=\"__1 _6\"></span>.138<span class=\"__1 _1bc\"> </span></span>Se<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>vi<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de profes<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>ndepe<span class=\"__1 _5\"></span>ndi<span class=\"__1 _8\"></span>ent<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _129\"> </span><span class=\"ls49\">              5<span class=\"__1 _6\"></span>.53<span class=\"__1 _6\"></span>1 <span class=\"__1 _cd\"> </span>              2<span class=\"__1 _6\"></span>.15<span class=\"__1 _6\"></span>2 <span class=\"__1 _cd\"> </span>              7<span class=\"__1 _6\"></span>.68<span class=\"__1 _6\"></span>3 <span class=\"__1 _33\"> </span>              4.98<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              2.90<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              7.89<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span></span>Pr<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>mas<span class=\"__1 _8\"></span> de s<span class=\"__1 _6\"></span>eguros<span class=\"__1 _13b\"> </span><span class=\"ls49\">              4.93<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              3.71<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              8.64<span class=\"__1 _6\"></span>3 <span class=\"__1 _33\"> </span>              4<span class=\"__1 _6\"></span>.388<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              3<span class=\"__1 _6\"></span>.578<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              7<span class=\"__1 _6\"></span>.966<span class=\"__1 _1bc\"> </span></span>Se<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>vi<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>ba<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span> y s<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>m<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>es<span class=\"__1 _98\"> </span><span class=\"ls49\">              2.33<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                 66<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>              3.00<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span> <span class=\"__1 _33\"> </span>              1.067<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                 8<span class=\"__1 _6\"></span>11<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>              1<span class=\"__1 _6\"></span>.878<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>rr<span class=\"__1 _6\"></span>enda<span class=\"__1 _6\"></span>mi<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>ntos<span class=\"__1 _6\"></span> y c<span class=\"__1 _6\"></span>\u00e1<span class=\"__1 _8\"></span>non<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span> (<span class=\"__1 _6\"></span>Not<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span> 1<span class=\"__1 _6\"></span>7.3)<span class=\"__1 _ec\"> </span><span class=\"ls49\">                 6<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>8 <span class=\"__1 _cf\"> </span>                 2<span class=\"__1 _6\"></span>64<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>                 9<span class=\"__1 _6\"></span>42<span class=\"__1 _6\"></span> <span class=\"__1 _20\"> </span>                 57<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>                 20<span class=\"__1 _6\"></span>2 <span class=\"__1 _cf\"> </span>                 7<span class=\"__1 _6\"></span>74<span class=\"__1 _1bc\"> </span></span>Pub<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>da<span class=\"__1 _8\"></span>d, pr<span class=\"__1 _6\"></span>opa<span class=\"__1 _8\"></span>ga<span class=\"__1 _6\"></span>nda<span class=\"__1 _8\"></span> y r<span class=\"__1 _6\"></span>el<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span> p\u00fabl<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> <span class=\"__1 _83\"> </span><span class=\"ls49\">              3<span class=\"__1 _6\"></span>.812<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                 1<span class=\"__1 _6\"></span>58<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>              3<span class=\"__1 _6\"></span>.970<span class=\"__1 _6\"></span> <span class=\"__1 _33\"> </span>              1.02<span class=\"__1 _6\"></span>9 <span class=\"__1 _cd\"> </span>                 1<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>9 <span class=\"__1 _cf\"> </span>              1<span class=\"__1 _6\"></span>.14<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span></span>Ga<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>tos<span class=\"__1 _8\"></span> de i<span class=\"__1 _6\"></span>nv<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span>ti<span class=\"__1 _8\"></span>ga<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n y d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>ol<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>o<span class=\"__1 _52\"> </span><span class=\"ls49\">                 15<span class=\"__1 _6\"></span>5 <span class=\"__1 _cf\"> </span>                      7<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                 16<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _33\"> </span>                    72<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _4\"> </span>                    7<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span></span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> s<span class=\"__1 _6\"></span>ervi<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>os<span class=\"__1 _f8\"> </span><span class=\"ls49\">            38.18<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>            2<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>.298<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>            6<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.457<span class=\"__1 _6\"></span> <span class=\"__1 _126\"> </span>            3<span class=\"__1 _6\"></span>5.35<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>            3<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.722<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>            65<span class=\"__1 _6\"></span>.104</span>  1<span class=\"__1 _6\"></span>47<span class=\"__1 _6\"></span>.28<span class=\"__1 _6\"></span>8 <span class=\"__1 _6\"></span>  <span class=\"__1 _126\"> </span>  6<span class=\"__1 _6\"></span>6.89<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>   <span class=\"__1 _124\"> </span> <span class=\"__1 _6\"></span> 21<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.96<span class=\"__1 _6\"></span>2   <span class=\"__1 _108\"> </span>  1<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>59<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>   <span class=\"__1 _126\"> </span>  <span class=\"__1 _6\"></span>72<span class=\"__1 _6\"></span>.46<span class=\"__1 _6\"></span>6 <span class=\"__1 _6\"></span>  <span class=\"__1 _124\"> </span>  2<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>84<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> 31/12/2022<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de e<span class=\"__1 _5\"></span>ur<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Ce<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>nova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _1bc\"> </span>Grup<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>c<span class=\"__1 _6\"></span>ons<span class=\"__1 _8\"></span>ol<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>da<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Ce<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>nova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _1bc\"> </span>31/12/2023<span class=\"__1 _1bc\"> </span>Grup<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>c<span class=\"__1 _6\"></span>ons<span class=\"__1 _8\"></span>ol<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>da<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>M<span class=\"__1 _5\"></span>il<span class=\"__1 _70\"></span>e<span class=\"__1 _6\"></span>s \u20ac<span class=\"__1 _b8\"> </span><span class=\"ff3_1 ls4b\">2023<span class=\"__1 _18\"> </span>2022<span class=\"__1 _1bc\"> </span></span>Se<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _4\"></span>os<span class=\"__1 _8\"></span> de<span class=\"__1 _5\"></span> a<span class=\"__1 _8\"></span>udi<span class=\"__1 _4\"></span>t<span class=\"__1 _70\"></span>or<span class=\"__1 _6\"></span>\u00eda<span class=\"__1 _10d\"> </span><span class=\"ls4b\">235<span class=\"__1 _a\"> </span>235<span class=\"__1 _1bc\"> </span></span>Se<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _4\"></span>os<span class=\"__1 _8\"></span> r<span class=\"__1 _6\"></span>e<span class=\"__1 _70\"></span>l<span class=\"__1 _4\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _4\"></span>ona<span class=\"__1 _8\"></span>dos<span class=\"__1 _8\"></span> c<span class=\"__1 _8\"></span>on l<span class=\"__1 _4\"></span>a<span class=\"__1 _6\"></span> a<span class=\"__1 _8\"></span>udi<span class=\"__1 _4\"></span>t<span class=\"__1 _70\"></span>or<span class=\"__1 _8\"></span>\u00eda<span class=\"__1 _10c\"> </span><span class=\"ls4b\">25<span class=\"__1 _79\"> </span>13<span class=\"__1 _1bc\"> </span></span>Otr<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> s<span class=\"__1 _8\"></span>ervi<span class=\"__1 _4\"></span>ci<span class=\"__1 _4\"></span>os<span class=\"__1 _13c\"> </span><span class=\"ls4b\">56<span class=\"__1 _3f\"> </span>43<span class=\"__1 _1bc\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExpenseExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-560": {
   "value": "9.1<span class=\"ff5\"> <span class=\"__1 _cc\"> </span></span><span class=\"fc3\">Otros ingresos de<span class=\"__1 _5\"></span> explotaci\u00f3n<span class=\"__1 _1bc\"> </span></span><span class=\"fc3\"> </span>Este <span class=\"__1 _4\"></span>ep\u00edgrafe <span class=\"__1 _8\"></span>del <span class=\"__1 _4\"></span>Estado <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>Resultad<span class=\"__1 _6\"></span>o <span class=\"__1 _4\"></span>consolidado <span class=\"__1 _4\"></span>recoge, <span class=\"__1 _8\"></span>principalmente, <span class=\"__1 _4\"></span>ingresos <span class=\"__1 _4\"></span>por <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>ubvenciones <span class=\"__1 _4\"></span>de<span class=\"__1 _1bc\"> </span> explotaci\u00f3n, ingresos por arrendamientos<span class=\"__1 _6\"></span>, reversiones de provisiones para riesgos y<span class=\"__1 _5\"></span> gastos (v\u00e9ase Nota 31),<span class=\"__1 _1bc\"> </span> e indemnizaciones percibidas<span class=\"__1 _6\"></span> de compa\u00f1<span class=\"__1 _6\"></span>\u00edas de seguros<span class=\"__1 _6\"></span>. 10.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Apr<span class=\"__1 _6\"></span>ovisionamientos<span class=\"__1 _1bc\"> </span></span></span>El ep\u00edgrafe <span class=\"ff6\">\u201c</span>Aprovision<span class=\"__1 _6\"></span>amientos<span class=\"__1 _6\"></span><span class=\"ff6\">\u201d</span> en los ejercicios<span class=\"__1 _6\"></span> 2023 y 2022 s<span class=\"__1 _6\"></span>e desglosa en:<span class=\"__1 _1bc\"> </span>(*) <span class=\"__1 _c4\"> </span><span class=\"ff6\">L<span class=\"__1 _6\"></span>a diferencia entre la i<span class=\"__1 _6\"></span>nformaci\u00f3n del \u201cGrupo <span class=\"__1 _6\"></span>Consolidado\u201d al 31 <span class=\"__1 _6\"></span>de diciembre <span class=\"__1 _6\"></span>de 2023 y 2022 <span class=\"__1 _6\"></span>y la<span class=\"__1 _6\"></span> agregaci\u00f3n de<span class=\"__1 _1bc\"> </span></span>los <span class=\"__1 _70\"></span>negocios <span class=\"__1 _70\"></span>\u201cCelulosa\u201d <span class=\"__1 _5\"></span>y <span class=\"__1 _70\"></span>\u201cEnerg\u00eda <span class=\"__1 _70\"></span>R<span class=\"__1 _6\"></span>enovable\u201d <span class=\"__1 _70\"></span>se <span class=\"__1 _70\"></span>corresponde <span class=\"__1 _70\"></span>con elimin<span class=\"__1 _5\"></span>aciones <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>op<span class=\"__1 _6\"></span>eraciones <span class=\"__1 _70\"></span>e<span class=\"__1 _6\"></span><span class=\"ff4\">fectuadas <span class=\"__1 _5\"></span>entre <span class=\"__1 _70\"></span>dichos<span class=\"__1 _1bc\"> </span></span>negocios en 2023 y 2022 por 2.730 miles \u20ac y 3.809 miles \u20ac, respectivamente<span class=\"__1 _5\"></span>.<span class=\"__1 _1bc\"> </span>En  este  ep\u00edgrafe  se  incluyen  principalmente  costes  de  adquisici\u00f3n  de  madera,  de  productos  qu\u00edmicos,<span class=\"__1 _1bc\"> </span>combustibles y o<span class=\"__1 _6\"></span>tros costes variables, a<span class=\"__1 _6\"></span>s\u00ed como servicios<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e aprovechamiento y tra<span class=\"__1 _6\"></span>nsporte de madera.<span class=\"__1 _1bc\"> </span>11.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Personal<span class=\"__1 _1bc\"> </span></span></span>Los <span class=\"__1 _6\"></span>gas<span class=\"__1 _6\"></span>tos <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>pers<span class=\"__1 _6\"></span>onal <span class=\"__1 _6\"></span>incurridos <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>ejercicios <span class=\"__1 _6\"></span>2023 <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>2022 <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>distintos <span class=\"__1 _6\"></span>negocios<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>desarrollad<span class=\"__1 _6\"></span>os <span class=\"__1 _6\"></span>por<span class=\"__1 _1bc\"> </span>ENCE son<span class=\"__1 _6\"></span> los siguientes:<span class=\"__1 _1bc\"> </span>Compra<span class=\"__1 _8\"></span>s<span class=\"__1 _12b\"> </span>  2<span class=\"__1 _6\"></span>92<span class=\"__1 _6\"></span>.62<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>   <span class=\"__1 _eb\"> </span>  5<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.87<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>   <span class=\"__1 _12c\"> </span>  3<span class=\"__1 _6\"></span>42<span class=\"__1 _6\"></span>.92<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>   <span class=\"__1 _101\"> </span>  29<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.64<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>   <span class=\"__1 _eb\"> </span>  7<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.54<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>   <span class=\"__1 _12c\"> </span>  36<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.90<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> V<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n <span class=\"__1 _6\"></span>de e<span class=\"__1 _70\"></span>x<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>  mate<span class=\"__1 _5\"></span>ri<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _1bc\"> </span>pr<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ma<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> y a<span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>xi<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>r<span class=\"__1 _6\"></span>es  2<span class=\"__1 _6\"></span>3.5<span class=\"__1 _6\"></span>74<span class=\"__1 _6\"></span>   <span class=\"__1 _d1\"> </span><span class=\"ls3e\">         (1.18<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)   <span class=\"__1 _eb\"> </span></span>  22<span class=\"__1 _6\"></span>.39<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>   <span class=\"__1 _12c\"> </span><span class=\"ls3e\">       (1<span class=\"__1 _6\"></span>3.21<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>)   <span class=\"__1 _cc\"> </span>         (8<span class=\"__1 _6\"></span>.217<span class=\"__1 _6\"></span>)   <span class=\"__1 _ce\"> </span>       (2<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.430<span class=\"__1 _6\"></span>) </span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> ga<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>tos<span class=\"__1 _6\"></span> exte<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>nos<span class=\"__1 _12d\"> </span>  3<span class=\"__1 _6\"></span>5.3<span class=\"__1 _6\"></span>01<span class=\"__1 _6\"></span>   <span class=\"__1 _eb\"> </span>  1<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.42<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>   <span class=\"__1 _eb\"> </span>  5<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.56<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>   <span class=\"__1 _4d\"> </span>  3<span class=\"__1 _6\"></span>1.8<span class=\"__1 _6\"></span>88<span class=\"__1 _6\"></span>   <span class=\"__1 _eb\"> </span>  2<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.42<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>   <span class=\"__1 _eb\"> </span>  5<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.77<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span> 35<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.49<span class=\"__1 _6\"></span>5 <span class=\"__1 _103\"> </span>6<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>1<span class=\"__1 _6\"></span>23<span class=\"__1 _6\"></span> <span class=\"__1 _f9\"> </span>416<span class=\"__1 _6\"></span>.88<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _af\"> </span>31<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>32<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _103\"> </span>92<span class=\"__1 _6\"></span>.74<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _80\"> </span>4<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>25<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span>31/12/2023<span class=\"__1 _1bc\"> </span>31/12/2022<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> e<span class=\"__1 _5\"></span>ur<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>N<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>goci<span class=\"__1 _4\"></span>o<span class=\"__1 _1bc\"> </span>Ce<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span>N<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>goci<span class=\"__1 _4\"></span>o<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>ova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>es<span class=\"__1 _1bc\"> </span>Grup<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>Cons<span class=\"__1 _8\"></span>ol<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>N<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>goci<span class=\"__1 _4\"></span>o<span class=\"__1 _1bc\"> </span>Ce<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span>N<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>goci<span class=\"__1 _4\"></span>o<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>ova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>es<span class=\"__1 _1bc\"> </span>Grup<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>Cons<span class=\"__1 _8\"></span>ol<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>11.1<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Datos de plantilla<span class=\"__1 _1bc\"> </span></span></span>La <span class=\"__1 _6\"></span>plantilla <span class=\"__1 _6\"></span>media <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>Grupo <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>ejercicios 2023 <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>2022, <span class=\"__1 _6\"></span>detallada <span class=\"__1 _6\"></span>po<span class=\"__1 _6\"></span>r <span class=\"__1 _6\"></span>categor\u00eda <span class=\"__1 _6\"></span>profesional <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>sexo, <span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>la<span class=\"__1 _1bc\"> </span>siguiente:<span class=\"__1 _1bc\"> </span>As\u00ed <span class=\"__1 _5\"></span>mismo <span class=\"__1 _5\"></span>la <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>istribuci\u00f3n de <span class=\"__1 _70\"></span>la <span class=\"__1 _70\"></span>plan<span class=\"__1 _6\"></span>tilla <span class=\"__1 _5\"></span>del <span class=\"__1 _70\"></span>Gru<span class=\"__1 _6\"></span>po <span class=\"__1 _70\"></span>al 31 <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>diciembre <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>2023 y <span class=\"__1 _70\"></span>2022, detallada <span class=\"__1 _70\"></span>por categor\u00eda<span class=\"__1 _1bc\"> </span>profesional y s<span class=\"__1 _6\"></span>exo, es la siguiente:<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de e<span class=\"__1 _70\"></span>u<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>N<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Ce<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span>N<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>ova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _1bc\"> </span>Grup<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>Cons<span class=\"__1 _8\"></span>ol<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>da<span class=\"__1 _8\"></span>do<span class=\"__1 _1bc\"> </span>N<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Ce<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span>N<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>ova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _1bc\"> </span>Grup<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>Cons<span class=\"__1 _8\"></span>ol<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>da<span class=\"__1 _8\"></span>do<span class=\"__1 _1bc\"> </span>Suel<span class=\"__1 _6\"></span>dos<span class=\"__1 _8\"></span> y s<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>os<span class=\"__1 _120\"> </span>  6<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.83<span class=\"__1 _6\"></span>9 <span class=\"__1 _6\"></span>  <span class=\"__1 _110\"> </span>  1<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.47<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>   <span class=\"__1 _110\"> </span>  7<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.31<span class=\"__1 _6\"></span>6 <span class=\"__1 _6\"></span>  <span class=\"__1 _6e\"> </span>56<span class=\"__1 _6\"></span>.74<span class=\"__1 _6\"></span>1<span class=\"__1 _25\"> </span>13<span class=\"__1 _6\"></span>.34<span class=\"__1 _6\"></span>2 <span class=\"__1 _59\"> </span>7<span class=\"__1 _6\"></span>0.0<span class=\"__1 _6\"></span>83<span class=\"__1 _1bc\"> </span>Se<span class=\"__1 _5\"></span>guri<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span> Soc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _9f\"> </span>  16<span class=\"__1 _6\"></span>.35<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>   <span class=\"__1 _f9\"> </span>  4<span class=\"__1 _6\"></span>.01<span class=\"__1 _6\"></span>9  <span class=\"__1 _6\"></span> <span class=\"__1 _110\"> </span>  2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.370<span class=\"__1 _6\"></span>   <span class=\"__1 _6e\"> </span>1<span class=\"__1 _6\"></span>4.0<span class=\"__1 _6\"></span>51<span class=\"__1 _6e\"> </span>3<span class=\"__1 _6\"></span>.26<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _5a\"> </span>1<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.31<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _5\"></span>por<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n pl<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>nes<span class=\"__1 _6\"></span> pens<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span> (N<span class=\"__1 _5\"></span>ota<span class=\"__1 _6\"></span> 3<span class=\"__1 _6\"></span>.14<span class=\"__1 _6\"></span>)<span class=\"__1 _ed\"> </span>  2<span class=\"__1 _6\"></span>.20<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>   <span class=\"__1 _53\"> </span>  3<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>   <span class=\"__1 _12\"> </span>2.56<span class=\"__1 _6\"></span>9<span class=\"__1 _79\"> </span>2.0<span class=\"__1 _6\"></span>29<span class=\"__1 _61\"> </span><span class=\"ls40\">317 <span class=\"__1 _4d\"> </span></span>2<span class=\"__1 _6\"></span>.34<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> ga<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>os<span class=\"__1 _8\"></span> s<span class=\"__1 _8\"></span>oc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _40\"> </span>1<span class=\"__1 _6\"></span>.60<span class=\"__1 _6\"></span>2<span class=\"__1 _61\"> </span><span class=\"ls40\">201<span class=\"__1 _8b\"> </span></span>1<span class=\"__1 _6\"></span>.80<span class=\"__1 _6\"></span>3<span class=\"__1 _3f\"> </span>1<span class=\"__1 _6\"></span>.41<span class=\"__1 _6\"></span>0<span class=\"__1 _61\"> </span><span class=\"ls40\">190<span class=\"__1 _8b\"> </span></span>1<span class=\"__1 _6\"></span>.60<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span>81<span class=\"__1 _6\"></span>.99<span class=\"__1 _6\"></span>6<span class=\"__1 _25\"> </span>20<span class=\"__1 _6\"></span>.06<span class=\"__1 _6\"></span>2<span class=\"__1 _b\"> </span>1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.05<span class=\"__1 _6\"></span>8<span class=\"__1 _f\"> </span>74.23<span class=\"__1 _6\"></span>1<span class=\"__1 _25\"> </span>1<span class=\"__1 _6\"></span>7.1<span class=\"__1 _6\"></span>14<span class=\"__1 _25\"> </span>9<span class=\"__1 _6\"></span>1.3<span class=\"__1 _6\"></span>45<span class=\"__1 _1bc\"> </span>Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>ne<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span> ret<span class=\"__1 _5\"></span>ri<span class=\"__1 _8\"></span>b<span class=\"__1 _6\"></span>uc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n a<span class=\"__1 _8\"></span> l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>go p<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>zo (Not<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span> 3<span class=\"__1 _6\"></span>.14<span class=\"__1 _6\"></span>)<span class=\"__1 _129\"> </span>1<span class=\"__1 _6\"></span>.08<span class=\"__1 _6\"></span>6<span class=\"__1 _92\"> </span>  3<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>   <span class=\"__1 _f9\"> </span>  1.12<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>   <span class=\"__1 _87\"> </span><span class=\"ls40\">57</span>                  <span class=\"ls0_1\"> <span class=\"__1 _dd\"> </span><span class=\"ls40\">88<span class=\"__1 _12e\"></span><span class=\"ls41\">                  <span class=\"ls0_1\"> </span></span></span></span>I<span class=\"__1 _6\"></span>nd<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>m<span class=\"__1 _5\"></span>ni<span class=\"__1 _8\"></span>za<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _10f\"> </span>  1<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>   <span class=\"__1 _99\"> </span><span class=\"ls40\">592<span class=\"__1 _f\"> </span>791<span class=\"__1 _3f\"> </span></span>1.1<span class=\"__1 _6\"></span>00<span class=\"__1 _61\"> </span><span class=\"ls40\">658<span class=\"__1 _8b\"> </span></span>1<span class=\"__1 _6\"></span>.75<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span>83<span class=\"__1 _6\"></span>.28<span class=\"__1 _6\"></span>1<span class=\"__1 _25\"> </span>20<span class=\"__1 _6\"></span>.691<span class=\"__1 _12f\"> </span>10<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.97<span class=\"__1 _6\"></span>2<span class=\"__1 _2f\"> </span>7<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.38<span class=\"__1 _6\"></span>8<span class=\"__1 _25\"> </span>17<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>8<span class=\"__1 _6\"></span>03<span class=\"__1 _25\"> </span>9<span class=\"__1 _6\"></span>3.19<span class=\"__1 _6\"></span>1<span class=\"__1 _1bc\"> </span>31/12/2023<span class=\"__1 _1bc\"> </span>31/12/2022<span class=\"__1 _1bc\"> </span>Ca<span class=\"__1 _6\"></span>te<span class=\"__1 _5\"></span>gor\u00eda<span class=\"__1 _8\"></span> Pr<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>fes<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ona<span class=\"__1 _8\"></span>l<span class=\"__1 _134\"> </span>Hombres<span class=\"__1 _c7\"> </span>Muj<span class=\"__1 _6\"></span>eres<span class=\"__1 _ff\"> </span>Tota<span class=\"__1 _6\"></span>l<span class=\"__1 _59\"> </span>Hombr<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _c7\"> </span>Muj<span class=\"__1 _8\"></span>ere<span class=\"__1 _5\"></span>s<span class=\"__1 _33\"> </span>T<span class=\"__1 _5\"></span>ota<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span>Di<span class=\"__1 _8\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vos<span class=\"__1 _112\"> </span><span class=\"ls42\">57<span class=\"__1 _18\"> </span>17<span class=\"__1 _18\"> </span>74<span class=\"__1 _35\"> </span>51<span class=\"__1 _18\"> </span>14<span class=\"__1 _18\"> </span>65<span class=\"__1 _1bc\"> </span></span>Ge<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>ent<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _135\"> </span><span class=\"ls42\">68<span class=\"__1 _f5\"> </span>27<span class=\"__1 _18\"> </span>95<span class=\"__1 _2c\"> </span>60<span class=\"__1 _f5\"> </span>23<span class=\"__1 _18\"> </span>83<span class=\"__1 _1bc\"> </span></span>Re<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>ons<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de e<span class=\"__1 _70\"></span>qu<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>po<span class=\"__1 _d7\"> </span><span class=\"ls42\">68<span class=\"__1 _fd\"> </span></span>5<span class=\"__1 _18\"> </span><span class=\"ls42\">73<span class=\"__1 _2c\"> </span>68<span class=\"__1 _fd\"> </span></span>5<span class=\"__1 _18\"> </span><span class=\"ls42\">73<span class=\"__1 _1bc\"> </span></span>T\u00e9<span class=\"__1 _70\"></span>c<span class=\"__1 _6\"></span>ni<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>os<span class=\"__1 _136\"> </span><span class=\"ls42\">216<span class=\"__1 _12\"> </span>147<span class=\"__1 _fb\"> </span>363<span class=\"__1 _d7\"> </span>195<span class=\"__1 _12\"> </span>122<span class=\"__1 _fb\"> </span>317<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>dmi<span class=\"__1 _6\"></span>ni<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>tra<span class=\"__1 _8\"></span>ti<span class=\"__1 _6\"></span>vo<span class=\"__1 _6\"></span>s<span class=\"__1 _11c\"> </span><span class=\"ls42\">15<span class=\"__1 _18\"> </span>37<span class=\"__1 _18\"> </span>52<span class=\"__1 _137\"> </span>16<span class=\"__1 _18\"> </span>38<span class=\"__1 _f5\"> </span>54<span class=\"__1 _1bc\"> </span></span>Op<span class=\"__1 _6\"></span>era<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>es<span class=\"__1 _138\"> </span><span class=\"ls42\">292<span class=\"__1 _18\"> </span>46<span class=\"__1 _12\"> </span>338<span class=\"__1 _d7\"> </span>288<span class=\"__1 _f5\"> </span>34<span class=\"__1 _fb\"> </span>322<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>poyo <span class=\"__1 _6\"></span>y me<span class=\"__1 _70\"></span>j<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span>a<span class=\"__1 _139\"> </span><span class=\"ls42\">47<span class=\"__1 _f5\"> </span>45<span class=\"__1 _18\"> </span>92<span class=\"__1 _137\"> </span>47<span class=\"__1 _18\"> </span>48<span class=\"__1 _18\"> </span>95<span class=\"__1 _1bc\"> </span></span>Ma<span class=\"__1 _6\"></span>nte<span class=\"__1 _5\"></span>ni<span class=\"__1 _8\"></span>mi<span class=\"__1 _6\"></span>ent<span class=\"__1 _5\"></span>o<span class=\"__1 _8e\"> </span><span class=\"ls42\">133<span class=\"__1 _fd\"> </span></span>2<span class=\"__1 _fb\"> </span><span class=\"ls42\">135<span class=\"__1 _d7\"> </span>131<span class=\"__1 _fd\"> </span></span>2<span class=\"__1 _fb\"> </span><span class=\"ls42\">133<span class=\"__1 _1bc\"> </span></span>896<span class=\"__1 _12\"> </span>326<span class=\"__1 _49\"> </span><span class=\"ls0_1\">1<span class=\"__1 _6\"></span>.22<span class=\"__1 _6\"></span>2<span class=\"__1 _d7\"> </span></span>856<span class=\"__1 _fb\"> </span>286<span class=\"__1 _49\"> </span><span class=\"ls0_1\">1<span class=\"__1 _6\"></span>.142<span class=\"__1 _1bc\"> </span></span>2022<span class=\"__1 _1bc\"> </span>N<span class=\"__1 _5\"></span>\u00fame<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span> Me<span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o de E<span class=\"__1 _5\"></span>mpl<span class=\"__1 _6\"></span>ea<span class=\"__1 _6\"></span>dos<span class=\"__1 _8\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span> Ej<span class=\"__1 _6\"></span>erc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>2023<span class=\"__1 _1bc\"> </span>Ca<span class=\"__1 _6\"></span>te<span class=\"__1 _5\"></span>gor\u00eda<span class=\"__1 _8\"></span> Pr<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>fes<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ona<span class=\"__1 _8\"></span>l<span class=\"__1 _134\"> </span>Hombres<span class=\"__1 _c7\"> </span>Muj<span class=\"__1 _6\"></span>eres<span class=\"__1 _ff\"> </span>Tota<span class=\"__1 _6\"></span>l<span class=\"__1 _59\"> </span>Hombr<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _c7\"> </span>Muj<span class=\"__1 _8\"></span>ere<span class=\"__1 _5\"></span>s<span class=\"__1 _33\"> </span>T<span class=\"__1 _5\"></span>ota<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span>Di<span class=\"__1 _8\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vos<span class=\"__1 _112\"> </span><span class=\"ls42\">57<span class=\"__1 _18\"> </span>19<span class=\"__1 _18\"> </span>76<span class=\"__1 _35\"> </span>54<span class=\"__1 _18\"> </span>15<span class=\"__1 _18\"> </span>69<span class=\"__1 _1bc\"> </span></span>Ge<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>ent<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _135\"> </span><span class=\"ls42\">69<span class=\"__1 _f5\"> </span>31<span class=\"__1 _fb\"> </span>100<span class=\"__1 _137\"> </span>63<span class=\"__1 _18\"> </span>24<span class=\"__1 _18\"> </span>87<span class=\"__1 _1bc\"> </span></span>Re<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>ons<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de e<span class=\"__1 _70\"></span>qu<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>po<span class=\"__1 _d7\"> </span><span class=\"ls42\">69<span class=\"__1 _fd\"> </span></span>5<span class=\"__1 _18\"> </span><span class=\"ls42\">74<span class=\"__1 _137\"> </span>69<span class=\"__1 _fd\"> </span></span>5<span class=\"__1 _18\"> </span><span class=\"ls42\">74<span class=\"__1 _1bc\"> </span></span>T\u00e9<span class=\"__1 _70\"></span>c<span class=\"__1 _6\"></span>ni<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>os<span class=\"__1 _136\"> </span><span class=\"ls42\">226<span class=\"__1 _12\"> </span>160<span class=\"__1 _fb\"> </span>386<span class=\"__1 _d7\"> </span>201<span class=\"__1 _12\"> </span>134<span class=\"__1 _fb\"> </span>335<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>dmi<span class=\"__1 _6\"></span>ni<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>tra<span class=\"__1 _8\"></span>ti<span class=\"__1 _6\"></span>vo<span class=\"__1 _6\"></span>s<span class=\"__1 _11c\"> </span><span class=\"ls42\">17<span class=\"__1 _18\"> </span>40<span class=\"__1 _18\"> </span>57<span class=\"__1 _137\"> </span>15<span class=\"__1 _18\"> </span>40<span class=\"__1 _f5\"> </span>55<span class=\"__1 _1bc\"> </span></span>Op<span class=\"__1 _6\"></span>era<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>es<span class=\"__1 _138\"> </span><span class=\"ls42\">299<span class=\"__1 _18\"> </span>47<span class=\"__1 _12\"> </span>346<span class=\"__1 _d7\"> </span>277<span class=\"__1 _f5\"> </span>36<span class=\"__1 _fb\"> </span>313<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>poyo <span class=\"__1 _6\"></span>y me<span class=\"__1 _70\"></span>j<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span>a<span class=\"__1 _139\"> </span><span class=\"ls42\">49<span class=\"__1 _f5\"> </span>43<span class=\"__1 _18\"> </span>92<span class=\"__1 _137\"> </span>47<span class=\"__1 _18\"> </span>42<span class=\"__1 _18\"> </span>89<span class=\"__1 _1bc\"> </span></span>Ma<span class=\"__1 _6\"></span>nte<span class=\"__1 _5\"></span>ni<span class=\"__1 _8\"></span>mi<span class=\"__1 _6\"></span>ent<span class=\"__1 _5\"></span>o<span class=\"__1 _8e\"> </span><span class=\"ls42\">130<span class=\"__1 _fd\"> </span></span>1<span class=\"__1 _fb\"> </span><span class=\"ls42\">131<span class=\"__1 _d7\"> </span>123<span class=\"__1 _fd\"> </span></span>3<span class=\"__1 _fb\"> </span><span class=\"ls42\">126<span class=\"__1 _1bc\"> </span></span>916<span class=\"__1 _12\"> </span>346<span class=\"__1 _49\"> </span><span class=\"ls0_1\">1<span class=\"__1 _6\"></span>.26<span class=\"__1 _6\"></span>2<span class=\"__1 _d7\"> </span></span>849<span class=\"__1 _fb\"> </span>299<span class=\"__1 _49\"> </span><span class=\"ls0_1\">1<span class=\"__1 _6\"></span>.148<span class=\"__1 _1bc\"> </span></span>2023<span class=\"__1 _1bc\"> </span>2022<span class=\"__1 _1bc\"> </span>N<span class=\"__1 _5\"></span>\u00fame<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span> de E<span class=\"__1 _70\"></span>mpl<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span> c<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>err<span class=\"__1 _6\"></span>e de<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span> Ej<span class=\"__1 _6\"></span>erc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Al 31 de diciembre de 2023 y 2022 el n\u00fa<span class=\"__1 _6\"></span>mero de empleados<span class=\"__1 _6\"></span> con una discapacidad<span class=\"__1 _6\"></span> superior al 33% es de 12<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> y 10 personas<span class=\"__1 _6\"></span>, respectivamente.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> Por <span class=\"__1 _8\"></span>otra <span class=\"__1 _4\"></span>parte, <span class=\"__1 _8\"></span>al <span class=\"__1 _8\"></span>31 <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>diciem<span class=\"__1 _5\"></span>bre <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>2023 <span class=\"__1 _6\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>2022 <span class=\"__1 _8\"></span>el <span class=\"__1 _4\"></span>Consejo <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>Administraci\u00f3n <span class=\"__1 _4\"></span>est\u00e1 <span class=\"__1 _4\"></span>conformado <span class=\"__1 _8\"></span>por <span class=\"__1 _8\"></span>13<span class=\"__1 _1bc\"> </span> personas<span class=\"__1 _6\"></span>; 8 varones y 5 mujeres. <span class=\"__1 _6\"></span> 11.2<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Plan de retribuci\u00f3n a largo<span class=\"__1 _5\"></span> plazo </span></span>En <span class=\"__1 _c6\"> </span>la  determinaci\u00f3n <span class=\"__1 _c6\"> </span>del <span class=\"__1 _c6\"> </span>importe  devengado <span class=\"__1 _c6\"> </span>por <span class=\"__1 _c6\"> </span>esto<span class=\"__1 _6\"></span>s <span class=\"__1 _c6\"> </span>compromisos  se <span class=\"__1 _c8\"> </span>realizan<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>estimaciones  que <span class=\"__1 _c8\"> </span>s<span class=\"__1 _6\"></span>on revisadas <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>cad<span class=\"__1 _6\"></span>a <span class=\"__1 _4\"></span>cierre <span class=\"__1 _4\"></span>contable, <span class=\"__1 _4\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>impacto <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>las <span class=\"__1 _4\"></span>v<span class=\"__1 _6\"></span>ariaciones <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>registra <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>Esta<span class=\"__1 _6\"></span>do <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>Resulta<span class=\"__1 _6\"></span>do consolidado d<span class=\"__1 _6\"></span>e forma prosp<span class=\"__1 _6\"></span>ectiva.  Plan de inc<span class=\"__1 _6\"></span>entivo a largo plazo pa<span class=\"__1 _6\"></span>ra el periodo 2023<span class=\"__1 _6\"></span>-<span class=\"ls12\">2027</span> <span class=\"ls43\">/ </span>ENCE Celulosa y <span class=\"__1 _6\"></span>Corporativo El <span class=\"__1 _6\"></span>5 <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>mayo <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>2023 <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>Ju<span class=\"__1 _6\"></span>nta <span class=\"__1 _6\"></span>General <span class=\"__1 _6\"></span>Ordinaria <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>Accionistas<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>Sociedad <span class=\"__1 _6\"></span>Domin<span class=\"__1 _6\"></span>ante <span class=\"__1 _6\"></span><span class=\"ff6\">aprob\u00f3<span class=\"__1 _6\"></span> el <span class=\"__1 _6\"></span>\u201cPlan<span class=\"__1 _6\"></span> </span>de incentivo<span class=\"__1 _6\"></span> a <span class=\"__1 _6\"></span>largo <span class=\"__1 _6\"></span>plazo <span class=\"__1 _6\"></span>2023-<span class=\"ff6\">202<span class=\"__1 _6\"></span>7\u201d</span> dirigido <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>directivos,<span class=\"__1 _6\"></span> in<span class=\"__1 _6\"></span>cluido el <span class=\"__1 _6\"></span>Presidente <span class=\"__1 _6\"></span>y Con<span class=\"__1 _6\"></span>sejero <span class=\"__1 _6\"></span>Delegado d<span class=\"__1 _6\"></span>e la <span class=\"__1 _c8\"></span>Sociedad, <span class=\"__1 _c8\"></span>y <span class=\"__1 _4\"></span>o<span class=\"__1 _6\"></span>tros <span class=\"__1 _4\"></span>emplead<span class=\"__1 _6\"></span>os <span class=\"__1 _c8\"> </span>del <span class=\"__1 _c8\"></span>Grupo <span class=\"__1 _c8\"></span>Ence <span class=\"__1 _c8\"></span>(el <span class=\"__1 _4\"></span>\u201cPlan\u201d).<span class=\"__1 _6\"></span><span class=\"ff4\"> <span class=\"__1 _c8\"> </span>El <span class=\"__1 _c8\"> </span>Plan <span class=\"__1 _c8\"> </span>permite <span class=\"__1 _c8\"></span>a <span class=\"__1 _c8\"></span>sus <span class=\"__1 _c8\"></span>beneficiarios <span class=\"__1 _4\"></span>p<span class=\"__1 _6\"></span>ercibir, </span>transcurrido un determinado p<span class=\"__1 _6\"></span>eriodo de tiempo, un incentivo pagadero <span class=\"__1 _6\"></span>en acciones de En<span class=\"__1 _6\"></span>ce y en me<span class=\"__1 _5\"></span>t\u00e1lico, siempre <span class=\"__1 _4\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>cu<span class=\"__1 _6\"></span>mplan <span class=\"__1 _c8\"></span>determinados <span class=\"__1 _c8\"></span>objetivos <span class=\"__1 _c8\"> </span>plurianuales <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"></span>la <span class=\"__1 _4\"></span>Sociedad<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>y <span class=\"__1 _c8\"> </span>se <span class=\"__1 _c8\"></span>re\u00fanan <span class=\"__1 _c8\"></span>los <span class=\"__1 _4\"></span>requis<span class=\"__1 _6\"></span>itos previstos p<span class=\"__1 _6\"></span>ara ello en el Reglamento del Plan.<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span> Inicialmente <span class=\"__1 _8\"></span>son <span class=\"__1 _8\"></span>potenciales <span class=\"__1 _8\"></span>beneficiarios<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>del <span class=\"__1 _6\"></span>Plan <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>Incen<span class=\"__1 _6\"></span>tivo <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>pri<span class=\"__1 _6\"></span>ncipales <span class=\"__1 _8\"></span>directivos <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>Sociedad<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>y<span class=\"__1 _6\"></span> otro <span class=\"__1 _c8\"> </span>personal <span class=\"__1 _c8\"> </span>clave <span class=\"__1 _c8\"> </span>q<span class=\"__1 _6\"></span>ue, <span class=\"__1 _c8\"></span>bien <span class=\"__1 _c8\"></span>por <span class=\"__1 _c8\"></span>sus <span class=\"__1 _c8\"> </span>responsabilidad<span class=\"__1 _6\"></span>es <span class=\"__1 _4\"></span>o <span class=\"__1 _c8\"> </span>p<span class=\"__1 _6\"></span>or <span class=\"__1 _c8\"></span>su <span class=\"__1 _c8\"></span>perfil, <span class=\"__1 _c8\"></span>tengan <span class=\"__1 _c8\"> </span>capacidad <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"></span>influir <span class=\"__1 _c8\"></span>de manera <span class=\"__1 _5\"></span>directa sobre <span class=\"__1 _70\"></span>el \u00e9xito <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>planes e<span class=\"__1 _5\"></span>strat\u00e9gicos.<span class=\"__1 _6\"></span> El <span class=\"__1 _70\"></span>Plan tiene <span class=\"__1 _70\"></span>un<span class=\"__1 _6\"></span>a <span class=\"__1 _5\"></span>duraci\u00f3n de <span class=\"__1 _70\"></span>5 <span class=\"__1 _5\"></span>a\u00f1os<span class=\"__1 _6\"></span>, <span class=\"__1 _5\"></span>esto <span class=\"__1 _5\"></span>es, <span class=\"__1 _5\"></span>desde el 1/1/<span class=\"__1 _6\"></span>2023 h<span class=\"__1 _6\"></span>asta <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>31/12/2027 <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>e d<span class=\"__1 _6\"></span>ivide <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>3 <span class=\"__1 _6\"></span>ciclos <span class=\"__1 _6\"></span>an<span class=\"__1 _6\"></span>uales <span class=\"__1 _6\"></span>solapad<span class=\"__1 _6\"></span>os d<span class=\"__1 _6\"></span>e 3 <span class=\"__1 _6\"></span>a\u00f1o<span class=\"__1 _6\"></span>s <span class=\"__1 _6\"></span>de du<span class=\"__1 _6\"></span>raci\u00f3n <span class=\"__1 _6\"></span>cada <span class=\"__1 _6\"></span>uno de <span class=\"__1 _6\"></span>ellos, <span class=\"__1 _8\"></span>independientes <span class=\"__1 _8\"></span>entre <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>\u00ed, <span class=\"__1 _8\"></span>que <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>iquidar\u00e1n <span class=\"__1 _8\"></span>dentro <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>los <span class=\"__1 _6\"></span>90 <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>\u00edas <span class=\"__1 _6\"></span>siguient<span class=\"__1 _6\"></span>es <span class=\"__1 _8\"></span>al <span class=\"__1 _6\"></span>\u00faltimo <span class=\"__1 _8\"></span>a\u00f1o <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>cada ciclo<span class=\"ls17\">. <span class=\"ls0_1\"> </span></span>El <span class=\"__1 _6\"></span>incentivo<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>cada <span class=\"__1 _6\"></span>ciclo <span class=\"__1 _8\"></span>estar\u00e1 <span class=\"__1 _6\"></span>cond<span class=\"__1 _6\"></span>icionad<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>cu<span class=\"__1 _6\"></span>mplimiento <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>eterminados <span class=\"__1 _8\"></span>objetivos <span class=\"__1 _6\"></span>finan<span class=\"__1 _6\"></span>cieros, <span class=\"__1 _6\"></span>no financieros  y  de  creaci\u00f3n  de <span class=\"__1 _c6\"> </span>v<span class=\"__1 _6\"></span>alor  para  el  accionista,  aprobados  por  el  Consejo  de <span class=\"__1 _c6\"> </span>Administra<span class=\"__1 _6\"></span>ci\u00f3n  a propuesta d<span class=\"__1 _6\"></span>e la Comisi\u00f3n de Nombramientos<span class=\"__1 _6\"></span> y Retribuciones. <span class=\"__1 _8\"></span> Son <span class=\"__1 _8\"></span>requisitos <span class=\"__1 _8\"></span>para <span class=\"__1 _6\"></span>su <span class=\"__1 _8\"></span>devengo<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>alcanzar <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>grado <span class=\"__1 _6\"></span>m\u00ednim<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>con<span class=\"__1 _6\"></span>secuci\u00f3n <span class=\"__1 _8\"></span>conforme <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>criterios <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>los que <span class=\"__1 _8\"></span>vienen <span class=\"__1 _8\"></span>referenciad<span class=\"__1 _6\"></span>os <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>dis<span class=\"__1 _6\"></span>tintos <span class=\"__1 _8\"></span>objetiv<span class=\"__1 _6\"></span>os, <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>beneficiario <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>hall<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>situaci<span class=\"__1 _6\"></span>\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>prestaci\u00f3n<span class=\"__1 _6\"></span> efectiva <span class=\"__1 _cb\"> </span>de <span class=\"__1 _cb\"> </span>servicios <span class=\"__1 _cb\"> </span>para <span class=\"__1 _cb\"> </span>ENCE <span class=\"__1 _cb\"> </span>en  la <span class=\"__1 _cb\"> </span>correspo<span class=\"__1 _6\"></span>ndiente <span class=\"__1 _cb\"> </span>fecha  d<span class=\"__1 _6\"></span>e <span class=\"__1 _cb\"> </span>con<span class=\"__1 _6\"></span>solidaci\u00f3n <span class=\"__1 _cb\"> </span>del <span class=\"__1 _cb\"> </span>derecho, <span class=\"__1 _cb\"> </span>con <span class=\"__1 _cb\"> </span>las salvedades h<span class=\"__1 _6\"></span>abituales para este tipo de in<span class=\"__1 _6\"></span>centivos.<span class=\"__1 _6\"></span> El <span class=\"__1 _6\"></span>ciclo <span class=\"__1 _6\"></span>I <span class=\"__1 _6\"></span>del Plan <span class=\"__1 _6\"></span>representa <span class=\"__1 _6\"></span>un <span class=\"__1 _6\"></span>60% <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>incentivo <span class=\"__1 _6\"></span>tota<span class=\"__1 _6\"></span>l y <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>ciclos <span class=\"__1 _6\"></span>II <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>III <span class=\"__1 _6\"></span>representan <span class=\"__1 _6\"></span>un <span class=\"__1 _6\"></span>20% cada <span class=\"__1 _8\"></span>uno <span class=\"__1 _6\"></span>del incentivo total.<span class=\"__1 _6\"></span> El <span class=\"__1 _6\"></span>incentivo <span class=\"__1 _6\"></span>considerado <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>este <span class=\"__1 _6\"></span>Plan <span class=\"__1 _6\"></span>consiste <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>un <span class=\"__1 _6\"></span>% <span class=\"__1 _6\"></span>de la <span class=\"__1 _6\"></span>retribuci\u00f3n<span class=\"__1 _6\"></span> fija <span class=\"__1 _6\"></span>media <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>periodo <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>abarca cada <span class=\"__1 _6\"></span>ciclo <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>funci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>ca<span class=\"__1 _6\"></span>tegor\u00eda <span class=\"__1 _6\"></span>prof<span class=\"__1 _6\"></span>esional <span class=\"__1 _6\"></span>del <span class=\"__1 _8\"></span>beneficiario, <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>se <span class=\"__1 _6\"></span>liqu<span class=\"__1 _6\"></span>ida <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>un <span class=\"__1 _6\"></span>70% <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>accion<span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>un 30% <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>efectivo, <span class=\"__1 _8\"></span>excepto <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>miembros <span class=\"__1 _8\"></span>del<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>Comit\u00e9 <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>Direcci\u00f3n <span class=\"__1 _8\"></span>cuy<span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>liquidaci\u00f3n <span class=\"__1 _8\"></span>es <span class=\"__1 _8\"></span>100% <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>acciones<span class=\"__1 _6\"></span>. <span class=\"__1 _8\"></span>El Presidente y <span class=\"__1 _70\"></span>Con<span class=\"__1 _6\"></span>sejero Delegado <span class=\"ls16\">y <span class=\"__1 _5\"></span><span class=\"ls0_1\">el <span class=\"__1 _5\"></span>resto de <span class=\"__1 _70\"></span>los miembros del <span class=\"__1 _70\"></span>Comit\u00e9 de <span class=\"__1 _5\"></span>Direcci\u00f3n asumen <span class=\"__1 _5\"></span>determinados </span></span>compromisos de mantenim<span class=\"__1 _6\"></span>iento de las<span class=\"__1 _6\"></span> acciones recibidas<span class=\"__1 _6\"></span>.  El <span class=\"__1 _6\"></span>n\u00famero <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>acciones <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>entregar <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>determinar\u00e1 <span class=\"__1 _6\"></span>cons<span class=\"__1 _6\"></span>iderando <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>precio <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>referencia <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>acci\u00f3n <span class=\"__1 _6\"></span>de ENCE <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>cotizaci\u00f3n <span class=\"__1 _6\"></span>media <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>20 <span class=\"__1 _6\"></span>d\u00edas <span class=\"__1 _6\"></span>anteriores <span class=\"__1 _6\"></span>y p<span class=\"__1 _6\"></span>osteriores <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>31 <span class=\"__1 _6\"></span>de diciembre <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>cad<span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>inicio <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>ciclo. El precio de referencia a cons<span class=\"__1 _6\"></span>iderar en el ciclo I <span class=\"__1 _6\"></span>es de 3,2<span class=\"__1 _6\"></span>4 <span class=\"ff6\">\u20ac/acci\u00f3n<span class=\"__1 _6\"></span>.</span> El colectivo del plan<span class=\"__1 _6\"></span> al 31 de diciembre de 2023 lo forman<span class=\"__1 _6\"></span> 83 personas integradas<span class=\"__1 _6\"></span> en ENCE <span class=\"__1 _6\"></span>Celulosa y en el Corporativo, <span class=\"__1 _5\"></span>y <span class=\"__1 _70\"></span>el <span class=\"__1 _70\"></span>coste <span class=\"__1 _70\"></span>m\u00e1xi<span class=\"__1 _6\"></span>mo <span class=\"__1 _70\"></span>previsto <span class=\"__1 _5\"></span>del <span class=\"__1 _70\"></span>Ciclo <span class=\"__1 _70\"></span>I <span class=\"__1 _70\"></span>con<span class=\"__1 _6\"></span>siderando <span class=\"__1 _70\"></span>un<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>grado <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>consecuci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>del <span class=\"__1 _70\"></span>100% <span class=\"__1 _70\"></span>as<span class=\"__1 _6\"></span>ciende a 11.033 miles \u20ac.<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _8\"></span>gasto<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>/ <span class=\"__1 _4\"></span>(ingreso) <span class=\"__1 _8\"></span>devengado<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>por <span class=\"__1 _4\"></span>este <span class=\"__1 _8\"></span>concepto <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>ejercicio <span class=\"__1 _8\"></span>2023, <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>cual <span class=\"__1 _4\"></span>se <span class=\"__1 _8\"></span>detalla <span class=\"__1 _4\"></span>atendiendo <span class=\"__1 _8\"></span>a <span class=\"__1 _4\"></span>su<span class=\"__1 _1bc\"> </span>contrapartida<span class=\"__1 _6\"></span>, es el siguiente:<span class=\"__1 _1bc\"> </span>Plan de ince<span class=\"__1 _6\"></span>ntivo a largo plazo para e<span class=\"__1 _6\"></span>l periodo 2019<span class=\"__1 _6\"></span>-<span class=\"ls12\">2023 <span class=\"ls43\">/ </span></span>ENCE Celulosa y <span class=\"__1 _6\"></span>Corporativo<span class=\"__1 _1bc\"> </span>El 28 <span class=\"__1 _6\"></span>de marzo <span class=\"__1 _6\"></span>de 2019 <span class=\"__1 _6\"></span>la Ju<span class=\"__1 _6\"></span>nta General de <span class=\"__1 _8\"></span><span class=\"ff6\">Accionistas <span class=\"__1 _6\"></span>de ENCE<span class=\"__1 _6\"></span> aprob<span class=\"__1 _6\"></span>\u00f3 el \u201c<span class=\"__1 _6\"></span>Plan de In<span class=\"__1 _6\"></span>centivo a <span class=\"__1 _6\"></span>largo <span class=\"__1 _6\"></span>plazo<span class=\"__1 _1bc\"> </span></span>para <span class=\"__1 _8\"></span>el <span class=\"__1 _4\"></span>periodo <span class=\"__1 _8\"></span>2019-<span class=\"ff6\">2023\u201d</span>, <span class=\"__1 _8\"></span>como <span class=\"__1 _4\"></span>plan <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>re<span class=\"__1 _5\"></span>tribuci\u00f3n <span class=\"__1 _8\"></span>dineraria <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>entrega <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>acciones <span class=\"__1 _6\"></span>de <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>Sociedad <span class=\"__1 _8\"></span>de<span class=\"__1 _1bc\"> </span>car\u00e1cter plurianual<span class=\"__1 _6\"></span>, con el <span class=\"__1 _6\"></span>objetivo de inc<span class=\"__1 _6\"></span>entivar el r<span class=\"__1 _6\"></span>endimiento profesion<span class=\"__1 _6\"></span>al del equipo d<span class=\"__1 _8\"></span>irectivo y re<span class=\"__1 _6\"></span>forzar<span class=\"__1 _1bc\"> </span>su <span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>rientaci\u00f3n <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>consecuci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>los <span class=\"__1 _8\"></span>objetivos <span class=\"__1 _8\"></span>definidos <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>n <span class=\"__1 _8\"></span>el <span class=\"__1 _4\"></span>Plan <span class=\"__1 _8\"></span>estrat\u00e9gico <span class=\"__1 _8\"></span>2019<span class=\"__1 _8\"></span>-2023, <span class=\"__1 _4\"></span>promover <span class=\"__1 _8\"></span>la<span class=\"__1 _1bc\"> </span>sostenibilidad<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _4\"></span>Grup<span class=\"__1 _6\"></span>o <span class=\"__1 _c8\"></span>para <span class=\"__1 _c8\"></span>la <span class=\"__1 _4\"></span>creaci\u00f3n <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>v<span class=\"__1 _6\"></span>alor <span class=\"__1 _c8\"></span>a <span class=\"__1 _c8\"></span>largo <span class=\"__1 _c8\"></span>plazo, <span class=\"__1 _c8\"></span>y <span class=\"__1 _c8\"></span>comprometer <span class=\"__1 _c8\"></span>a <span class=\"__1 _c8\"></span>la <span class=\"__1 _c8\"></span>direcci\u00f3n <span class=\"__1 _4\"></span>con<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>los<span class=\"__1 _1bc\"> </span>intereses de los accion<span class=\"__1 _6\"></span>istas<span class=\"__1 _6\"></span> y la mejora del clima organizaci<span class=\"__1 _6\"></span>onal.<span class=\"__1 _1bc\"> </span>Se <span class=\"__1 _8\"></span>tra<span class=\"__1 _6\"></span>ta <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>un <span class=\"__1 _4\"></span>Plan <span class=\"__1 _8\"></span>a <span class=\"__1 _4\"></span>cinco <span class=\"__1 _8\"></span>a\u00f1os, <span class=\"__1 _4\"></span>alineado <span class=\"__1 _4\"></span>al <span class=\"__1 _8\"></span>plazo <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>duraci\u00f3n <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>Plan <span class=\"__1 _4\"></span>Estrat\u00e9gico, <span class=\"__1 _4\"></span>com<span class=\"__1 _5\"></span>puesto <span class=\"__1 _4\"></span>por <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>ciclos. <span class=\"__1 _6\"></span>El <span class=\"__1 _8\"></span>Ciclo <span class=\"__1 _6\"></span>I <span class=\"__1 _6\"></span>tiene <span class=\"__1 _8\"></span>una <span class=\"__1 _6\"></span>duraci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>tres <span class=\"__1 _6\"></span>a\u00f1os, <span class=\"__1 _6\"></span>desde <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>1 <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>enero <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>2019 <span class=\"__1 _6\"></span>hasta <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>31 <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>diciembre <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span>2021 <span class=\"ls0_1\">y el Ciclo II d<span class=\"__1 _6\"></span>e cinco a\u00f1os, d<span class=\"__1 _6\"></span>esde el 1 de enero de 2019 h<span class=\"__1 _6\"></span>asta el 31 de diciembr<span class=\"__1 _6\"></span>e de 2023.<span class=\"__1 _1bc\"> </span></span>El <span class=\"__1 _6\"></span>incentivo <span class=\"__1 _6\"></span>considerado <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>este <span class=\"__1 _6\"></span>Plan <span class=\"__1 _6\"></span>consiste <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>un <span class=\"__1 _6\"></span>% <span class=\"__1 _6\"></span>de la <span class=\"__1 _6\"></span>retribuci\u00f3n<span class=\"__1 _6\"></span> fija <span class=\"__1 _6\"></span>media <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>periodo <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>abarca<span class=\"__1 _1bc\"> </span>cada <span class=\"__1 _8\"></span>ciclo, <span class=\"__1 _6\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _6\"></span>os<span class=\"__1 _6\"></span>cila <span class=\"__1 _6\"></span>entre <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>85% <span class=\"__1 _6\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>500%, <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>funci\u00f3n <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>categor\u00eda <span class=\"__1 _8\"></span>prof<span class=\"__1 _6\"></span>esional <span class=\"__1 _8\"></span>del <span class=\"__1 _6\"></span>beneficiar<span class=\"__1 _6\"></span>io, <span class=\"__1 _8\"></span>y <span class=\"__1 _6\"></span>su<span class=\"__1 _1bc\"> </span>consecuci\u00f3n est\u00e1 v<span class=\"__1 _6\"></span>inculada a cuatro<span class=\"__1 _6\"></span> objetivos<span class=\"__1 _6\"></span> relacionados con los resu<span class=\"__1 _6\"></span>ltados econ\u00f3micos alcanza<span class=\"__1 _6\"></span>dos, con<span class=\"__1 _1bc\"> </span>la sostenibilidad<span class=\"__1 _6\"></span>, el clima organizacional y<span class=\"__1 _6\"></span> la cotizaci\u00f3n d<span class=\"__1 _6\"></span>e la acci\u00f3n de ENCE.<span class=\"__1 _1bc\"> </span>El importe <span class=\"__1 _6\"></span>del incen<span class=\"__1 _6\"></span>tivo s<span class=\"__1 _6\"></span>e liquida <span class=\"__1 _6\"></span>en u<span class=\"__1 _6\"></span>n 30% <span class=\"__1 _6\"></span>en met\u00e1lico y<span class=\"__1 _6\"></span> en <span class=\"__1 _6\"></span>un 70% <span class=\"__1 _6\"></span>mediante la <span class=\"__1 _6\"></span>entrega <span class=\"__1 _6\"></span>de acciones<span class=\"__1 _6\"></span> de<span class=\"__1 _1bc\"> </span>ENCE. <span class=\"__1 _4\"></span>E<span class=\"__1 _6\"></span>l <span class=\"__1 _4\"></span>n\u00famero <span class=\"__1 _4\"></span>de <span class=\"__1 _c8\"></span>acciones <span class=\"__1 _c8\"></span>a <span class=\"__1 _4\"></span>entregar <span class=\"__1 _c8\"></span>se <span class=\"__1 _4\"></span>determinar\u00e1 <span class=\"__1 _c8\"></span>considerand<span class=\"__1 _6\"></span>o <span class=\"__1 _4\"></span>como <span class=\"__1 _c8\"></span>precio <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>referencia <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>la<span class=\"__1 _1bc\"> </span>acci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>ENCE <span class=\"__1 _6\"></span>5,8031 <span class=\"__1 _6\"></span>\u20ac/acci\u00f3n <span class=\"__1 _6\"></span>(cotiz<span class=\"__1 _6\"></span>aci\u00f3n <span class=\"__1 _6\"></span>media <span class=\"__1 _6\"></span>teniendo <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>cuenta <span class=\"__1 _6\"></span>los<span class=\"__1 _8\"></span><span class=\"ff4\"> 20 <span class=\"__1 _6\"></span>d\u00edas <span class=\"__1 _6\"></span>anteriores <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>posteriores<span class=\"__1 _1bc\"> </span></span>al <span class=\"__1 _6\"></span>31 <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>diciembre<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>018). <span class=\"__1 _4\"></span>El <span class=\"__1 _6\"></span>Presidente <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>Consejero <span class=\"__1 _8\"></span>Delegado <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>resto <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>miembros <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>Comit\u00e9 <span class=\"__1 _8\"></span>de<span class=\"__1 _1bc\"> </span>Direcci\u00f3n asumen d<span class=\"__1 _6\"></span>eterminados compro<span class=\"__1 _6\"></span>misos de mantenimiento d<span class=\"__1 _6\"></span>e las acciones recibid<span class=\"__1 _6\"></span>as<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _c8\"> </span>colectivo <span class=\"__1 _c6\"> </span>del <span class=\"__1 _c6\"> </span>plan <span class=\"__1 _c8\"> </span>al <span class=\"__1 _c6\"> </span>31 <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>diciembre <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>2023 <span class=\"__1 _c8\"> </span>lo <span class=\"__1 _c6\"> </span>forman<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>65 <span class=\"__1 _c6\"> </span>personas <span class=\"__1 _c6\"> </span>integradas <span class=\"__1 _c8\"> </span>en  ENCE <span class=\"__1 _c8\"> </span>Celulosa.<span class=\"__1 _1bc\"> </span>Considerando el grad<span class=\"__1 _6\"></span>o de consecuci\u00f3n de los<span class=\"__1 _6\"></span> objetivos previstos en el Ciclo II de este Plan de Retribu<span class=\"__1 _6\"></span>ci\u00f3n y<span class=\"__1 _1bc\"> </span>asumiendo que e<span class=\"__1 _5\"></span>l colectivo vigente <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>e mantendr\u00e1 hasta la fecha <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _5\"></span>liquidaci\u00f3<span class=\"__1 _6\"></span>n, el <span class=\"__1 _70\"></span>coste<span class=\"__1 _6\"></span> previsto del <span class=\"__1 _70\"></span>mis<span class=\"__1 _6\"></span>mo<span class=\"__1 _1bc\"> </span>se estima en 0,8 <span class=\"ff6\">millon<span class=\"__1 _6\"></span>es \u20ac (aproximadamente un<span class=\"__1 _6\"></span> 55% corres<span class=\"__1 _6\"></span>ponder\u00eda a la Alta Direcci\u00f3n<span class=\"__1 _6\"></span>).<span class=\"__1 _6\"></span></span> El <span class=\"__1 _6\"></span>gasto <span class=\"__1 _6\"></span>/ <span class=\"__1 _6\"></span>(ingreso) <span class=\"__1 _6\"></span>devengado <span class=\"__1 _6\"></span>por <span class=\"__1 _6\"></span>este con<span class=\"__1 _6\"></span>cepto <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>los ejercicios <span class=\"__1 _6\"></span>202<span class=\"__1 _6\"></span>3 <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>2022, <span class=\"__1 _6\"></span>detallado <span class=\"__1 _8\"></span>considerando <span class=\"__1 _6\"></span>su<span class=\"__1 _1bc\"> </span>contrapartida <span class=\"__1 _6\"></span>es el siguiente:<span class=\"__1 _1bc\"> </span>De <span class=\"__1 _6\"></span>acuerdo <span class=\"__1 _8\"></span>con <span class=\"__1 _6\"></span>lo <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>revisto <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>Plan, <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>julio <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>2022 <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>e p<span class=\"__1 _6\"></span>rocedi\u00f3 <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>liquidaci\u00f3n <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>el Ciclo <span class=\"__1 _8\"></span>I <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>\u201cPlan <span class=\"__1 _8\"></span>de<span class=\"__1 _1bc\"> </span>Incentivos  a <span class=\"__1 _c8\"> </span>largo <span class=\"__1 _c6\"> </span>p<span class=\"__1 _6\"></span>lazo <span class=\"__1 _c6\"> </span>ENCE <span class=\"__1 _ca\"> </span>Energ\u00eda <span class=\"__1 _c6\"> </span>y <span class=\"__1 _ca\"> </span>Celulosa, <span class=\"__1 _c6\"> </span>S.A.  pa<span class=\"__1 _5\"></span>ra <span class=\"__1 _c6\"> </span>el <span class=\"__1 _ca\"> </span>periodo <span class=\"__1 _c6\"> </span>2019<span class=\"__1 _6\"></span>-20<span class=\"__1 _6\"></span>23, <span class=\"__1 _c6\"> </span>lo <span class=\"__1 _ca\"> </span>que <span class=\"__1 _c6\"> </span>su<span class=\"__1 _6\"></span>puesto <span class=\"__1 _ca\"> </span>la<span class=\"__1 _1bc\"> </span>liquidaci\u00f3n de 279 mil<span class=\"__1 _6\"></span>es \u20ac y 111.983 accion<span class=\"__1 _6\"></span>es de ENCE.<span class=\"__1 _1bc\"> </span>M<span class=\"__1 _70\"></span>i<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>s \u20ac<span class=\"__1 _1bc\"> </span>2023<span class=\"__1 _1bc\"> </span>Otros <span class=\"__1 _70\"></span>i<span class=\"__1 _8\"></span>nstrumentos<span class=\"__1 _6\"></span> de patr<span class=\"__1 _70\"></span>i<span class=\"__1 _6\"></span>mon<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>o neto (N<span class=\"__1 _6\"></span>ota 2<span class=\"__1 _70\"></span>0<span class=\"__1 _70\"></span>.<span class=\"__1 _6\"></span>7<span class=\"__1 _70\"></span>)<span class=\"__1 _ec\"> </span>1<span class=\"__1 _70\"></span>.<span class=\"__1 _6\"></span>2<span class=\"__1 _5\"></span>0<span class=\"__1 _70\"></span>5<span class=\"__1 _1bc\"> </span>Provi<span class=\"__1 _6\"></span>si<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>ne<span class=\"__1 _6\"></span>s a <span class=\"__1 _70\"></span>l<span class=\"__1 _6\"></span>argo <span class=\"__1 _70\"></span>y<span class=\"__1 _6\"></span> c<span class=\"__1 _70\"></span>orto plazo (No<span class=\"__1 _6\"></span>ta <span class=\"__1 _70\"></span>31<span class=\"__1 _70\"></span>)<span class=\"__1 _140\"> </span><span class=\"ls44\">230<span class=\"__1 _1bc\"> </span></span>1<span class=\"__1 _70\"></span>.43<span class=\"__1 _70\"></span>5<span class=\"__1 _1bc\"> </span>M<span class=\"__1 _70\"></span>i<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>s \u20ac<span class=\"__1 _1bc\"> </span>2023<span class=\"__1 _29\"> </span>2022<span class=\"__1 _1bc\"> </span>Otros <span class=\"__1 _70\"></span>i<span class=\"__1 _6\"></span>ns<span class=\"__1 _6\"></span>trumentos de pa<span class=\"__1 _5\"></span>trimoni<span class=\"__1 _6\"></span>o neto (N<span class=\"__1 _6\"></span>ota <span class=\"__1 _70\"></span>20<span class=\"__1 _70\"></span>.7<span class=\"__1 _70\"></span>)<span class=\"__1 _85\"> </span>(2<span class=\"__1 _5\"></span>4<span class=\"__1 _70\"></span>4<span class=\"__1 _5\"></span>)<span class=\"__1 _6d\"> </span><span class=\"ls45\">38<span class=\"__1 _1bc\"> </span></span>Provi<span class=\"__1 _6\"></span>si<span class=\"__1 _6\"></span>one<span class=\"__1 _6\"></span>s a <span class=\"__1 _70\"></span>l<span class=\"__1 _6\"></span>argo <span class=\"__1 _70\"></span>y c<span class=\"__1 _5\"></span>orto <span class=\"__1 _70\"></span>pl<span class=\"__1 _6\"></span>azo (Nota <span class=\"__1 _5\"></span>3<span class=\"__1 _70\"></span>1)<span class=\"__1 _130\"> </span>(10<span class=\"__1 _70\"></span>5<span class=\"__1 _70\"></span>)<span class=\"__1 _6d\"> </span><span class=\"ls45\">19<span class=\"__1 _1bc\"> </span></span>(3<span class=\"__1 _5\"></span>4<span class=\"__1 _70\"></span>9)<span class=\"__1 _a0\"> </span><span class=\"ls45\">57<span class=\"__1 _1bc\"> </span></span>Plan de ince<span class=\"__1 _6\"></span>ntivo a largo plazo para e<span class=\"__1 _6\"></span>l periodo 2021<span class=\"__1 _6\"></span>-<span class=\"ls12\">2025 </span>/ Magn<span class=\"__1 _6\"></span>on Green Energy<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> El <span class=\"__1 _4\"></span>colectivo <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>lan <span class=\"__1 _4\"></span>al <span class=\"__1 _4\"></span>31 <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>diciembre <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>2023 <span class=\"__1 _4\"></span>lo <span class=\"__1 _4\"></span>f<span class=\"__1 _5\"></span>orman <span class=\"__1 _c8\"> </span><span class=\"ls12\">26</span> <span class=\"__1 _4\"></span>personas, <span class=\"__1 _4\"></span>todas <span class=\"__1 _4\"></span>ellas <span class=\"__1 _4\"></span>integradas <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>ENCE<span class=\"__1 _1bc\"> </span> Renovables, <span class=\"__1 _6\"></span>y el <span class=\"__1 _6\"></span>coste m\u00e1xi<span class=\"__1 _6\"></span>mo <span class=\"__1 _6\"></span>previsto <span class=\"__1 _6\"></span>considerando <span class=\"__1 _6\"></span>un <span class=\"__1 _6\"></span>grado de <span class=\"__1 _6\"></span>consecuci\u00f3n <span class=\"__1 _6\"></span>del 100% <span class=\"__1 _6\"></span>as<span class=\"__1 _6\"></span>ciende a <span class=\"__1 _4\"></span>3.021<span class=\"__1 _1bc\"> </span> miles \u20ac.<span class=\"ff4\"> </span><span class=\"ff4\"> </span>El <span class=\"__1 _6\"></span>gasto <span class=\"__1 _6\"></span>devengado <span class=\"__1 _6\"></span>por <span class=\"__1 _8\"></span>este concepto <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>ejercicio <span class=\"__1 _8\"></span><span class=\"ff6\">2023 <span class=\"__1 _6\"></span>ha <span class=\"__1 _6\"></span>sido <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>37 <span class=\"__1 _6\"></span>miles \u20ac <span class=\"__1 _6\"></span>(31 <span class=\"__1 _6\"></span>mile<span class=\"__1 _6\"></span>s <span class=\"__1 _6\"></span>\u20ac <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el ejer<span class=\"__1 _6\"></span></span>cicio<span class=\"__1 _1bc\"> </span> 2022) <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>pasivo <span class=\"__1 _8\"></span>acumulado <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>dicha <span class=\"__1 _8\"></span>fecha <span class=\"__1 _8\"></span>asciende <span class=\"__1 _8\"></span>a <span class=\"__1 _4\"></span><span class=\"ls12\">11</span>4 <span class=\"__1 _8\"></span><span class=\"ff6\">miles <span class=\"__1 _8\"></span>\u20ac <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>s</span>e <span class=\"__1 _8\"></span>encuentra <span class=\"__1 _8\"></span>recogido <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>ep\u00edgrafe<span class=\"__1 _1bc\"> </span> \u201cProvisiones a<span class=\"__1 _6\"></span> largo plazo\u201d del estad<span class=\"__1 _6\"></span>o de situaci\u00f3n fin<span class=\"__1 _6\"></span>anciera consolidad<span class=\"__1 _6\"></span>o (v\u00e9ase nota 31).<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span><span class=\"ff4\"> </span>Compromiso a largo p<span class=\"__1 _6\"></span>lazo extraordinario <span class=\"__1 _6\"></span>/ Magnon Green<span class=\"__1 _6\"></span> Energy<span class=\"__1 _1bc\"> </span> El <span class=\"__1 _8\"></span>24 <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>marzo <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>2022 <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>Consejo <span class=\"__1 _4\"></span>Administraci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>Magnon <span class=\"__1 _8\"></span>Green <span class=\"__1 _4\"></span>Energy, <span class=\"__1 _8\"></span>S.L., <span class=\"__1 _4\"></span>aprob\u00f3 <span class=\"__1 _4\"></span><span class=\"ls14\">un <span class=\"__1 _8\"></span></span>incentivo <span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span> largo plazo dirigido a determinados empleados clave de la S<span class=\"__1 _5\"></span>ociedad. El incentivo permite a los benefici<span class=\"__1 _5\"></span>arios<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> percibir <span class=\"__1 _6\"></span>una <span class=\"__1 _6\"></span>retribuci\u00f3n <span class=\"__1 _6\"></span>extraordinaria <span class=\"__1 _8\"></span>pagadera <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>met\u00e1lico <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>vinculada <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>rentabilidad <span class=\"__1 _6\"></span>obtenida <span class=\"__1 _6\"></span>por <span class=\"__1 _6\"></span>los<span class=\"__1 _1bc\"> </span> accionistas entre el 18 <span class=\"__1 _5\"></span>de diciembre <span class=\"__1 _5\"></span>de 2020 y e<span class=\"__1 _5\"></span>l 18 de <span class=\"__1 _5\"></span>diciembre <span class=\"__1 _5\"></span>de 2028. Este incentivo se liquid<span class=\"__1 _5\"></span>ar\u00e1 en los<span class=\"__1 _1bc\"> </span> 90 d\u00edas siguientes<span class=\"__1 _6\"></span> a la fecha de aprob<span class=\"__1 _6\"></span>aci\u00f3n de<span class=\"__1 _6\"></span> las cuentas<span class=\"__1 _6\"></span> anuales del ejercicio 2028.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> Son <span class=\"__1 _4\"></span>requisitos <span class=\"__1 _4\"></span>im<span class=\"__1 _5\"></span>prescindibles <span class=\"__1 _4\"></span>para <span class=\"__1 _4\"></span>su <span class=\"__1 _8\"></span>devengo <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>consecuci\u00f3n <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>u<span class=\"__1 _6\"></span>na <span class=\"__1 _4\"></span>tasa <span class=\"__1 _8\"></span>in<span class=\"__1 _6\"></span>terna <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>rentabilidad <span class=\"__1 _4\"></span>(TIR)<span class=\"__1 _1bc\"> </span> m\u00ednima <span class=\"__1 _4\"></span>para <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>accionista <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>10%, <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>bene<span class=\"__1 _6\"></span>ficiario <span class=\"__1 _4\"></span>man<span class=\"__1 _6\"></span>tenga <span class=\"__1 _4\"></span>una <span class=\"__1 _4\"></span>relaci\u00f3n <span class=\"__1 _4\"></span>laboral <span class=\"__1 _4\"></span>o <span class=\"__1 _4\"></span>mercantil <span class=\"__1 _4\"></span>con<span class=\"__1 _1bc\"> </span> Magnon has<span class=\"__1 _6\"></span>ta la fecha de pago<span class=\"__1 _6\"></span>, con las salvedad<span class=\"__1 _6\"></span>es habituales para este tipo<span class=\"__1 _6\"></span> de incentivos<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span> El <span class=\"__1 _ca\"> </span>colectivo <span class=\"__1 _ca\"> </span>del  plan <span class=\"__1 _c6\"> </span>al  31 <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _ca\"> </span>diciembre  de <span class=\"__1 _c6\"> </span>2023<span class=\"__1 _6\"></span> <span class=\"__1 _ca\"> </span>lo <span class=\"__1 _ca\"> </span>forman  5  personas, <span class=\"__1 _ca\"> </span>y <span class=\"__1 _ca\"> </span>el  coste <span class=\"__1 _c6\"> </span>m\u00e1ximo<span class=\"__1 _6\"></span> <span class=\"__1 _ca\"> </span>previsto,<span class=\"__1 _1bc\"> </span> considerando u<span class=\"__1 _6\"></span>n grado de consecuci\u00f3n<span class=\"__1 _6\"></span> del 100%, asciende a <span class=\"__1 _8\"></span>4.938 <span class=\"ff6\">miles \u20ac.</span>  El <span class=\"__1 _c8\"></span>gasto <span class=\"__1 _c8\"></span>/ <span class=\"__1 _4\"></span>(ingres<span class=\"__1 _6\"></span>o) <span class=\"__1 _c8\"></span>devengad<span class=\"__1 _6\"></span>o <span class=\"__1 _c8\"></span>por <span class=\"__1 _c8\"></span>este <span class=\"__1 _4\"></span>concepto<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>en <span class=\"__1 _c8\"></span>el <span class=\"__1 _c8\"> </span>ejercicio <span class=\"__1 _c8\"></span>2023<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>ha <span class=\"__1 _c8\"> </span>sido<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>n<span class=\"__1 _6\"></span>ulo <span class=\"__1 _c8\"></span>as\u00ed <span class=\"__1 _c8\"> </span>como <span class=\"__1 _c8\"></span>el <span class=\"__1 _c8\"></span>pasivo<span class=\"__1 _1bc\"> </span> acumulado a d<span class=\"__1 _6\"></span>icha fecha.  12.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Otros gastos de explotaci\u00f3n<span class=\"__1 _1bc\"> </span></span></span><span class=\"ff5 ls0_1\"><span class=\"ff3_1\"> </span></span>El detalle <span class=\"__1 _70\"></span>de este e<span class=\"__1 _5\"></span>p\u00edgrafe del Estado <span class=\"__1 _5\"></span>de Re<span class=\"__1 _5\"></span>sultado consolidado de <span class=\"__1 _5\"></span>los ejercicios <span class=\"__1 _70\"></span>2023 y 2022 <span class=\"__1 _5\"></span>en los distintos<span class=\"__1 _1bc\"> </span> negocios desarrollad<span class=\"__1 _6\"></span>os por ENCE es el s<span class=\"__1 _6\"></span>iguiente:<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> (*) <span class=\"__1 _bd\"> </span><span class=\"ff6\">La diferencia entre la informaci\u00f3n del<span class=\"__1 _5\"></span> \u201cGrupo Consolidado\u201d al 31 de diciembre de<span class=\"__1 _5\"></span> 2023 y 2022 y la agregaci\u00f3n de<span class=\"__1 _1bc\"> </span></span><span class=\"ff6\"> </span>los <span class=\"__1 _70\"></span>negocios \u201c<span class=\"__1 _5\"></span>Celulosa\u201d <span class=\"__1 _70\"></span>y \u201c<span class=\"__1 _5\"></span>Energ\u00eda <span class=\"__1 _70\"></span>R<span class=\"__1 _6\"></span>enovable\u201d <span class=\"__1 _70\"></span>se <span class=\"__1 _70\"></span>co<span class=\"__1 _6\"></span>rresponde <span class=\"__1 _70\"></span>con <span class=\"__1 _5\"></span>eliminacio<span class=\"ff4\">nes <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>operaciones <span class=\"__1 _5\"></span>efectuadas <span class=\"__1 _70\"></span>entre<span class=\"__1 _1bc\"> </span></span><span class=\"ff4\"> </span>dichos negocios en 2023 y 2022 por 1.220 miles \u20ac y 1.211 miles \u20ac, respe<span class=\"__1 _5\"></span>ctivamente.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span><span class=\"ff4\"> </span>12.1<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Servicios exteriores<span class=\"__1 _1bc\"> </span></span></span><span class=\"ff5\"><span class=\"ff3_1 fc3\"> </span></span>El desglose por <span class=\"__1 _6\"></span>conceptos del gasto d<span class=\"__1 _6\"></span>e servicios exteriores de los<span class=\"__1 _6\"></span> ejercicios 2023 y 2022 es<span class=\"__1 _6\"></span> el siguiente:<span class=\"__1 _1bc\"> </span><span class=\"__1 _8\"></span> Se<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>vi<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span> exte<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s 14<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.28<span class=\"__1 _6\"></span>8 <span class=\"__1 _125\"> </span> 6<span class=\"__1 _6\"></span>6.8<span class=\"__1 _6\"></span>94<span class=\"__1 _6\"></span> <span class=\"__1 _33\"> </span> 21<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.96<span class=\"__1 _6\"></span>2 <span class=\"__1 _12\"> </span> 18<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.59<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span> <span class=\"__1 _fc\"> </span> 7<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.46<span class=\"__1 _6\"></span>6 <span class=\"__1 _33\"> </span> 2<span class=\"__1 _6\"></span>53<span class=\"__1 _6\"></span>.84<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> Cons<span class=\"__1 _8\"></span>umo de<span class=\"__1 _5\"></span>rech<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> de e<span class=\"__1 _70\"></span>mi<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>\u00f3<span class=\"__1 _6\"></span>n 8.3<span class=\"__1 _6\"></span>44<span class=\"__1 _6\"></span> <span class=\"__1 _5a\"> </span> 3<span class=\"__1 _6\"></span>.28<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _fc\"> </span> 1<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.63<span class=\"__1 _6\"></span>2 <span class=\"__1 _1f\"> </span> 7.83<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _5a\"> </span> 2<span class=\"__1 _6\"></span>.81<span class=\"__1 _6\"></span>4 <span class=\"__1 _125\"> </span> 10<span class=\"__1 _6\"></span>.65<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> Tri<span class=\"__1 _8\"></span>butos<span class=\"__1 _6\"></span>  2.9<span class=\"__1 _6\"></span>93<span class=\"__1 _6\"></span> <span class=\"__1 _5a\"> </span> 2<span class=\"__1 _6\"></span>.02<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span> <span class=\"__1 _5a\"> </span> 5<span class=\"__1 _6\"></span>.01<span class=\"__1 _6\"></span>4 <span class=\"__1 _1f\"> </span> 2.16<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _5a\"> </span> 2<span class=\"__1 _6\"></span>.84<span class=\"__1 _6\"></span>2 <span class=\"__1 _59\"> </span> 5.0<span class=\"__1 _6\"></span>04<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> Var<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n d<span class=\"__1 _6\"></span>e l<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> pr<span class=\"__1 _6\"></span>ovi<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ones <span class=\"__1 _6\"></span>de t<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>\u00e1<span class=\"__1 _8\"></span>fi<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>y otros<span class=\"__1 _1bc\"> </span>(51<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>) <span class=\"__1 _7a\"></span><span class=\"ls46\">           <span class=\"ls0_1\"> <span class=\"__1 _ec\"> </span> 12<span class=\"__1 _6\"></span>6 <span class=\"__1 _53\"> </span>(38<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>) <span class=\"__1 _141\"></span><span class=\"ls46\">           <span class=\"ls0_1\"> <span class=\"__1 _da\"> </span>(2<span class=\"__1 _6\"></span>27<span class=\"__1 _6\"></span>) <span class=\"__1 _141\"></span><span class=\"ls46\">           <span class=\"ls0_1\"> <span class=\"__1 _85\"> </span> 86<span class=\"__1 _6\"></span> <span class=\"__1 _e6\"> </span>(1<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>) <span class=\"__1 _141\"></span><span class=\"ls46\">           <span class=\"ls0_1\"> </span></span></span></span></span></span></span></span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> ga<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>tos<span class=\"__1 _6\"></span> n<span class=\"__1 _6\"></span>o or<span class=\"__1 _6\"></span>di<span class=\"__1 _8\"></span>na<span class=\"__1 _8\"></span>ri<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span> de l<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> op<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> (Not<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span> 3<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>)<span class=\"__1 _18\"> </span> 6<span class=\"__1 _6\"></span>19<span class=\"__1 _6\"></span> <span class=\"__1 _8b\"> </span> 40<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _5a\"> </span> 1<span class=\"__1 _6\"></span>.02<span class=\"__1 _6\"></span>8 <span class=\"__1 _41\"> </span> 21<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _ed\"> </span><span class=\"ls47\">- <span class=\"__1 _142\"></span><span class=\"ls46\">                  <span class=\"ls0_1\"> <span class=\"__1 _7e\"> </span> 21<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>0</span></span></span><span class=\"ls47\"><span class=\"ls46\"><span class=\"ls0_1\"><span class=\"__1 _6\"></span> </span></span></span> 15<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.733<span class=\"__1 _6\"></span> <span class=\"__1 _125\"> </span> 72<span class=\"__1 _6\"></span>.738<span class=\"__1 _6\"></span> <span class=\"__1 _33\"> </span> 23<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.251<span class=\"__1 _6\"></span> <span class=\"__1 _12\"> </span> 21<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.366<span class=\"__1 _6\"></span> <span class=\"__1 _125\"> </span> 78<span class=\"__1 _6\"></span>.208<span class=\"__1 _6\"></span> <span class=\"__1 _33\"> </span> 29<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.363<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> 31/12/2023<span class=\"__1 _1bc\"> </span>31/12/2022<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de e<span class=\"__1 _70\"></span>ur<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span> Ce<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span>a<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span> Re<span class=\"__1 _5\"></span>nova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _1bc\"> </span>Grupo<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> Cons<span class=\"__1 _8\"></span>ol<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>da<span class=\"__1 _6\"></span>do<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span> Ce<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span>a<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span> Re<span class=\"__1 _5\"></span>nova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _1bc\"> </span>Grupo<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> Cons<span class=\"__1 _8\"></span>ol<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>da<span class=\"__1 _6\"></span>d<span class=\"__1 _1bc\"> </span> <span class=\"ff4\"> (*) <span class=\"__1 _bf\"></span><span class=\"ff6\">La <span class=\"__1 _6\"></span>diferencia <span class=\"__1 _6\"></span>entre <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>informaci\u00f3n <span class=\"__1 _8\"></span>del \u201cGru<span class=\"__1 _6\"></span>po <span class=\"__1 _6\"></span>Consolidado\u201d <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>31 <span class=\"__1 _8\"></span>de diciembre <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>2023 <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>2022 <span class=\"__1 _8\"></span>y <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>agregaci\u00f3n <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span></span></span>los negocios \u201cCelulosa\u201d y <span class=\"__1 _6\"></span>\u201cEnerg\u00eda <span class=\"__1 _6\"></span>Renovable\u201d se corresponde con<span class=\"__1 _6\"></span> eliminaciones de <span class=\"__1 _6\"></span>operaciones efectuadas <span class=\"__1 _6\"></span>entre<span class=\"__1 _1bc\"> </span>dichos negocios en 2023 y 20<span class=\"ff6\">22 por 1.220 miles \u20ac y 1.211 miles \u20ac, respectivamente<span class=\"__1 _5\"></span>.<span class=\"__1 _1bc\"> </span></span>Las biof\u00e1bricas<span class=\"__1 _6\"></span> de ENCE <span class=\"__1 _6\"></span>Celulosa han p<span class=\"__1 _6\"></span>asado en 2023 de un r<span class=\"__1 _6\"></span>\u00e9gimen energ\u00e9tico en el qu<span class=\"__1 _6\"></span>e se vende toda <span class=\"__1 _6\"></span>la<span class=\"__1 _1bc\"> </span>energ\u00eda producida y se adquiere la energ\u00eda necesaria para el proceso, a un r\u00e9gimen en el que s\u00f3lo<span class=\"__1 _6\"></span> se vende<span class=\"__1 _1bc\"> </span>el <span class=\"__1 _70\"></span>ex<span class=\"__1 _6\"></span>cedente e<span class=\"__1 _5\"></span>ntre lo <span class=\"__1 _70\"></span>generado<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>y <span class=\"__1 _5\"></span>lo <span class=\"__1 _70\"></span>con<span class=\"__1 _6\"></span>sumido. Este <span class=\"__1 _5\"></span>cambio explica <span class=\"__1 _5\"></span>en <span class=\"__1 _70\"></span>gran<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>parte <span class=\"__1 _5\"></span>la <span class=\"__1 _5\"></span>reducci\u00f3n en <span class=\"__1 _70\"></span>los costes<span class=\"__1 _1bc\"> </span>recogidos en la cuenta \u201c<span class=\"__1 _6\"></span>suministros<span class=\"__1 _6\"></span>\u201d respecto al ejercicio anterior.<span class=\"__1 _1bc\"> </span>ENCE <span class=\"__1 _70\"></span>tiene contratado <span class=\"__1 _70\"></span>un <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>eguro <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>responsabilidad civil <span class=\"__1 _70\"></span>que <span class=\"__1 _70\"></span>cub<span class=\"__1 _6\"></span>re <span class=\"__1 _70\"></span>a <span class=\"__1 _5\"></span>todos <span class=\"__1 _5\"></span>sus <span class=\"__1 _70\"></span>administradores <span class=\"__1 _5\"></span>y <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>irectivos<span class=\"__1 _1bc\"> </span>por <span class=\"__1 _6\"></span>da\u00f1<span class=\"__1 _6\"></span>os <span class=\"__1 _6\"></span>ocasionados <span class=\"__1 _8\"></span>por <span class=\"__1 _6\"></span>actos <span class=\"__1 _6\"></span>u <span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>misiones <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>ejercicio <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>su <span class=\"__1 _6\"></span>cargo. <span class=\"__1 _6\"></span>Su <span class=\"__1 _8\"></span>coste <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>2023 <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>2022 <span class=\"__1 _6\"></span>ha <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>ido<span class=\"__1 _1bc\"> </span>de 94 miles \u20ac. 12.2<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Honorarios de auditor\u00eda<span class=\"__1 _1bc\"> </span></span></span>La <span class=\"__1 _5\"></span>firma <span class=\"__1 _70\"></span>qu<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>h<span class=\"__1 _6\"></span>a <span class=\"__1 _5\"></span>auditado las <span class=\"__1 _70\"></span>cuentas de <span class=\"__1 _70\"></span>las <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>ociedades que <span class=\"__1 _70\"></span>con<span class=\"__1 _6\"></span>forman <span class=\"__1 _5\"></span>el <span class=\"__1 _70\"></span>Grupo ENCE <span class=\"__1 _5\"></span>(v\u00e9ase <span class=\"__1 _5\"></span>Anexo <span class=\"__1 _5\"></span>I) <span class=\"__1 _5\"></span>en 2023<span class=\"__1 _1bc\"> </span>y 2022 ha sido<span class=\"__1 _6\"></span> KPMG Auditores, S.L.<span class=\"__1 _1bc\"> </span>Durante <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>ejercicios <span class=\"__1 _8\"></span>2023 <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>2022, <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>h<span class=\"__1 _6\"></span>onorarios <span class=\"__1 _8\"></span>relativos <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>servicios <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>audito<span class=\"__1 _6\"></span>r\u00eda <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>cuentas <span class=\"__1 _8\"></span>y <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>otros<span class=\"__1 _1bc\"> </span>servicios prestad<span class=\"__1 _6\"></span>os por el auditor o por empresas<span class=\"__1 _6\"></span> vinculadas a<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span> auditor han s<span class=\"__1 _6\"></span>ido los siguientes:<span class=\"__1 _1bc\"> </span>Los <span class=\"__1 _cb\"> </span>\u00fanicos  servicios  presta<span class=\"__1 _6\"></span>dos  por <span class=\"__1 _cb\"> </span>el  auditor<span class=\"__1 _6\"></span>  en <span class=\"__1 _cb\"> </span>2023,  relacionados <span class=\"__1 _cb\"> </span>con  los <span class=\"__1 _cb\"> </span>servici<span class=\"__1 _5\"></span>os <span class=\"__1 _cb\"> </span>de  auditor\u00eda,  s<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span>corresponden <span class=\"__1 _6\"></span>con <span class=\"__1 _6\"></span>servicios <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>revisi\u00f3n <span class=\"__1 _6\"></span>sobre <span class=\"__1 _6\"></span>ratios <span class=\"__1 _6\"></span>financieros <span class=\"__1 _6\"></span>para <span class=\"__1 _6\"></span>atender <span class=\"__1 _6\"></span>a las <span class=\"__1 _6\"></span>obligacion<span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>recogidas <span class=\"__1 _6\"></span>en<span class=\"__1 _1bc\"> </span>los <span class=\"__1 _c6\"> </span>contratos<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>financiaci\u00f3n<span class=\"__1 _6\"></span>, <span class=\"__1 _c6\"> </span>serv<span class=\"__1 _6\"></span>icios <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>verificaci\u00f3n <span class=\"__1 _c6\"> </span>de<span class=\"__1 _6\"></span>l <span class=\"__1 _c6\"> </span>sis<span class=\"__1 _6\"></span>tema <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>control <span class=\"__1 _c6\"> </span>in<span class=\"__1 _6\"></span>terno <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c6\"> </span>infor<span class=\"__1 _6\"></span>maci\u00f3n<span class=\"__1 _1bc\"> </span>financiera <span class=\"__1 _c8\"></span><span class=\"ls16\">y <span class=\"__1 _4\"></span></span>s<span class=\"__1 _6\"></span>ervicios <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>r<span class=\"__1 _6\"></span>evisi\u00f3n <span class=\"__1 _c8\"> </span>de<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>eterminadas <span class=\"__1 _c8\"></span>magnitud<span class=\"__1 _6\"></span>es <span class=\"__1 _c8\"></span>financieras <span class=\"__1 _c8\"></span>para <span class=\"__1 _c8\"></span>acreditar <span class=\"__1 _c8\"></span>la <span class=\"__1 _c8\"></span>condici\u00f3n <span class=\"__1 _c8\"></span>de<span class=\"__1 _1bc\"> </span>consumidor <span class=\"__1 _6\"></span>electrointensivo<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>as\u00ed como <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>periodo <span class=\"__1 _6\"></span>medio d<span class=\"__1 _6\"></span>e p<span class=\"__1 _6\"></span>ago legal <span class=\"__1 _8\"></span>en varias<span class=\"__1 _6\"></span> insta<span class=\"__1 _6\"></span>laciones del <span class=\"__1 _6\"></span>Grupo<span class=\"__1 _6\"></span>. Por<span class=\"__1 _1bc\"> </span>su <span class=\"__1 _8\"></span>parte <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>apartad<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>\u201c<span class=\"__1 _6\"></span>Otros <span class=\"__1 _8\"></span>servicios\u201d <span class=\"__1 _8\"></span>incluye <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>rincipalmente <span class=\"__1 _4\"></span><span class=\"ff4\">servicios <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>verificaci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>informaci\u00f3n <span class=\"__1 _8\"></span>no<span class=\"__1 _1bc\"> </span></span>financiera<span class=\"ls17\">. </span>Tra<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>te<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>, fl<span class=\"__1 _6\"></span>ete<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> y c<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span>te<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> c<span class=\"__1 _6\"></span>ome<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _1b\"> </span><span class=\"ls49\">            6<span class=\"__1 _6\"></span>2.55<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              3.26<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>            6<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.817<span class=\"__1 _6\"></span> <span class=\"__1 _126\"> </span>            6<span class=\"__1 _6\"></span>2.51<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              2.39<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>            6<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>.902<span class=\"__1 _1bc\"> </span></span>Sumi<span class=\"__1 _6\"></span>ni<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>tros<span class=\"__1 _13a\"> </span><span class=\"ls49\">            12<span class=\"__1 _6\"></span>.17<span class=\"__1 _6\"></span>7 <span class=\"__1 _cd\"> </span>              5<span class=\"__1 _6\"></span>.14<span class=\"__1 _6\"></span>7 <span class=\"__1 _c9\"> </span>            17<span class=\"__1 _6\"></span>.134<span class=\"__1 _6\"></span> <span class=\"__1 _126\"> </span>            5<span class=\"__1 _6\"></span>6.39<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              6.82<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>            6<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.970<span class=\"__1 _1bc\"> </span></span>Re<span class=\"__1 _5\"></span>pa<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>nes<span class=\"__1 _6\"></span> y c<span class=\"__1 _6\"></span>ons<span class=\"__1 _8\"></span>erva<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3<span class=\"__1 _6\"></span>n<span class=\"__1 _44\"> </span><span class=\"ls49\">            16<span class=\"__1 _6\"></span>.92<span class=\"__1 _6\"></span>6 <span class=\"__1 _c9\"> </span>            22<span class=\"__1 _6\"></span>.22<span class=\"__1 _6\"></span>5 <span class=\"__1 _c9\"> </span>            39<span class=\"__1 _6\"></span>.15<span class=\"__1 _6\"></span>1 <span class=\"__1 _126\"> </span>            1<span class=\"__1 _6\"></span>6.22<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>            2<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>.914<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>            41<span class=\"__1 _6\"></span>.138<span class=\"__1 _1bc\"> </span></span>Se<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>vi<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de profes<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>ndepe<span class=\"__1 _5\"></span>ndi<span class=\"__1 _8\"></span>ent<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _129\"> </span><span class=\"ls49\">              5<span class=\"__1 _6\"></span>.53<span class=\"__1 _6\"></span>1 <span class=\"__1 _cd\"> </span>              2<span class=\"__1 _6\"></span>.15<span class=\"__1 _6\"></span>2 <span class=\"__1 _cd\"> </span>              7<span class=\"__1 _6\"></span>.68<span class=\"__1 _6\"></span>3 <span class=\"__1 _33\"> </span>              4.98<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              2.90<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              7.89<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span></span>Pr<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>mas<span class=\"__1 _8\"></span> de s<span class=\"__1 _6\"></span>eguros<span class=\"__1 _13b\"> </span><span class=\"ls49\">              4.93<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              3.71<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              8.64<span class=\"__1 _6\"></span>3 <span class=\"__1 _33\"> </span>              4<span class=\"__1 _6\"></span>.388<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              3<span class=\"__1 _6\"></span>.578<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              7<span class=\"__1 _6\"></span>.966<span class=\"__1 _1bc\"> </span></span>Se<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>vi<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>ba<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span> y s<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>m<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>es<span class=\"__1 _98\"> </span><span class=\"ls49\">              2.33<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                 66<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>              3.00<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span> <span class=\"__1 _33\"> </span>              1.067<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                 8<span class=\"__1 _6\"></span>11<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>              1<span class=\"__1 _6\"></span>.878<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>rr<span class=\"__1 _6\"></span>enda<span class=\"__1 _6\"></span>mi<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>ntos<span class=\"__1 _6\"></span> y c<span class=\"__1 _6\"></span>\u00e1<span class=\"__1 _8\"></span>non<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span> (<span class=\"__1 _6\"></span>Not<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span> 1<span class=\"__1 _6\"></span>7.3)<span class=\"__1 _ec\"> </span><span class=\"ls49\">                 6<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>8 <span class=\"__1 _cf\"> </span>                 2<span class=\"__1 _6\"></span>64<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>                 9<span class=\"__1 _6\"></span>42<span class=\"__1 _6\"></span> <span class=\"__1 _20\"> </span>                 57<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>                 20<span class=\"__1 _6\"></span>2 <span class=\"__1 _cf\"> </span>                 7<span class=\"__1 _6\"></span>74<span class=\"__1 _1bc\"> </span></span>Pub<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>da<span class=\"__1 _8\"></span>d, pr<span class=\"__1 _6\"></span>opa<span class=\"__1 _8\"></span>ga<span class=\"__1 _6\"></span>nda<span class=\"__1 _8\"></span> y r<span class=\"__1 _6\"></span>el<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span> p\u00fabl<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> <span class=\"__1 _83\"> </span><span class=\"ls49\">              3<span class=\"__1 _6\"></span>.812<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                 1<span class=\"__1 _6\"></span>58<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>              3<span class=\"__1 _6\"></span>.970<span class=\"__1 _6\"></span> <span class=\"__1 _33\"> </span>              1.02<span class=\"__1 _6\"></span>9 <span class=\"__1 _cd\"> </span>                 1<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>9 <span class=\"__1 _cf\"> </span>              1<span class=\"__1 _6\"></span>.14<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span></span>Ga<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>tos<span class=\"__1 _8\"></span> de i<span class=\"__1 _6\"></span>nv<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span>ti<span class=\"__1 _8\"></span>ga<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n y d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>ol<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>o<span class=\"__1 _52\"> </span><span class=\"ls49\">                 15<span class=\"__1 _6\"></span>5 <span class=\"__1 _cf\"> </span>                      7<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                 16<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _33\"> </span>                    72<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _4\"> </span>                    7<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span></span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> s<span class=\"__1 _6\"></span>ervi<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>os<span class=\"__1 _f8\"> </span><span class=\"ls49\">            38.18<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>            2<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>.298<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>            6<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.457<span class=\"__1 _6\"></span> <span class=\"__1 _126\"> </span>            3<span class=\"__1 _6\"></span>5.35<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>            3<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.722<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>            65<span class=\"__1 _6\"></span>.104</span>  1<span class=\"__1 _6\"></span>47<span class=\"__1 _6\"></span>.28<span class=\"__1 _6\"></span>8 <span class=\"__1 _6\"></span>  <span class=\"__1 _126\"> </span>  6<span class=\"__1 _6\"></span>6.89<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>   <span class=\"__1 _124\"> </span> <span class=\"__1 _6\"></span> 21<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.96<span class=\"__1 _6\"></span>2   <span class=\"__1 _108\"> </span>  1<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>59<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>   <span class=\"__1 _126\"> </span>  <span class=\"__1 _6\"></span>72<span class=\"__1 _6\"></span>.46<span class=\"__1 _6\"></span>6 <span class=\"__1 _6\"></span>  <span class=\"__1 _124\"> </span>  2<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>84<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> 31/12/2022<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de e<span class=\"__1 _5\"></span>ur<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Ce<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>nova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _1bc\"> </span>Grup<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>c<span class=\"__1 _6\"></span>ons<span class=\"__1 _8\"></span>ol<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>da<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Ce<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>nova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _1bc\"> </span>31/12/2023<span class=\"__1 _1bc\"> </span>Grup<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>c<span class=\"__1 _6\"></span>ons<span class=\"__1 _8\"></span>ol<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>da<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>M<span class=\"__1 _5\"></span>il<span class=\"__1 _70\"></span>e<span class=\"__1 _6\"></span>s \u20ac<span class=\"__1 _b8\"> </span><span class=\"ff3_1 ls4b\">2023<span class=\"__1 _18\"> </span>2022<span class=\"__1 _1bc\"> </span></span>Se<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _4\"></span>os<span class=\"__1 _8\"></span> de<span class=\"__1 _5\"></span> a<span class=\"__1 _8\"></span>udi<span class=\"__1 _4\"></span>t<span class=\"__1 _70\"></span>or<span class=\"__1 _6\"></span>\u00eda<span class=\"__1 _10d\"> </span><span class=\"ls4b\">235<span class=\"__1 _a\"> </span>235<span class=\"__1 _1bc\"> </span></span>Se<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _4\"></span>os<span class=\"__1 _8\"></span> r<span class=\"__1 _6\"></span>e<span class=\"__1 _70\"></span>l<span class=\"__1 _4\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _4\"></span>ona<span class=\"__1 _8\"></span>dos<span class=\"__1 _8\"></span> c<span class=\"__1 _8\"></span>on l<span class=\"__1 _4\"></span>a<span class=\"__1 _6\"></span> a<span class=\"__1 _8\"></span>udi<span class=\"__1 _4\"></span>t<span class=\"__1 _70\"></span>or<span class=\"__1 _8\"></span>\u00eda<span class=\"__1 _10c\"> </span><span class=\"ls4b\">25<span class=\"__1 _79\"> </span>13<span class=\"__1 _1bc\"> </span></span>Otr<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> s<span class=\"__1 _8\"></span>ervi<span class=\"__1 _4\"></span>ci<span class=\"__1 _4\"></span>os<span class=\"__1 _13c\"> </span><span class=\"ls4b\">56<span class=\"__1 _3f\"> </span>43<span class=\"__1 _1bc\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProfitLossFromOperatingActivitiesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-23": {
   "value": "10.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Apr<span class=\"__1 _6\"></span>ovisionamientos<span class=\"__1 _1bc\"> </span></span></span>El ep\u00edgrafe <span class=\"ff6\">\u201c</span>Aprovision<span class=\"__1 _6\"></span>amientos<span class=\"__1 _6\"></span><span class=\"ff6\">\u201d</span> en los ejercicios<span class=\"__1 _6\"></span> 2023 y 2022 s<span class=\"__1 _6\"></span>e desglosa en:<span class=\"__1 _1bc\"> </span>(*) <span class=\"__1 _c4\"> </span><span class=\"ff6\">L<span class=\"__1 _6\"></span>a diferencia entre la i<span class=\"__1 _6\"></span>nformaci\u00f3n del \u201cGrupo <span class=\"__1 _6\"></span>Consolidado\u201d al 31 <span class=\"__1 _6\"></span>de diciembre <span class=\"__1 _6\"></span>de 2023 y 2022 <span class=\"__1 _6\"></span>y la<span class=\"__1 _6\"></span> agregaci\u00f3n de<span class=\"__1 _1bc\"> </span></span>los <span class=\"__1 _70\"></span>negocios <span class=\"__1 _70\"></span>\u201cCelulosa\u201d <span class=\"__1 _5\"></span>y <span class=\"__1 _70\"></span>\u201cEnerg\u00eda <span class=\"__1 _70\"></span>R<span class=\"__1 _6\"></span>enovable\u201d <span class=\"__1 _70\"></span>se <span class=\"__1 _70\"></span>corresponde <span class=\"__1 _70\"></span>con elimin<span class=\"__1 _5\"></span>aciones <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>op<span class=\"__1 _6\"></span>eraciones <span class=\"__1 _70\"></span>e<span class=\"__1 _6\"></span><span class=\"ff4\">fectuadas <span class=\"__1 _5\"></span>entre <span class=\"__1 _70\"></span>dichos<span class=\"__1 _1bc\"> </span></span>negocios en 2023 y 2022 por 2.730 miles \u20ac y 3.809 miles \u20ac, respectivamente<span class=\"__1 _5\"></span>.<span class=\"__1 _1bc\"> </span>En  este  ep\u00edgrafe  se  incluyen  principalmente  costes  de  adquisici\u00f3n  de  madera,  de  productos  qu\u00edmicos,<span class=\"__1 _1bc\"> </span>combustibles y o<span class=\"__1 _6\"></span>tros costes variables, a<span class=\"__1 _6\"></span>s\u00ed como servicios<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e aprovechamiento y tra<span class=\"__1 _6\"></span>nsporte de madera.<span class=\"__1 _1bc\"> </span>Compra<span class=\"__1 _8\"></span>s<span class=\"__1 _12b\"> </span>  2<span class=\"__1 _6\"></span>92<span class=\"__1 _6\"></span>.62<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>   <span class=\"__1 _eb\"> </span>  5<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.87<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>   <span class=\"__1 _12c\"> </span>  3<span class=\"__1 _6\"></span>42<span class=\"__1 _6\"></span>.92<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>   <span class=\"__1 _101\"> </span>  29<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.64<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>   <span class=\"__1 _eb\"> </span>  7<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.54<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>   <span class=\"__1 _12c\"> </span>  36<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.90<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> V<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n <span class=\"__1 _6\"></span>de e<span class=\"__1 _70\"></span>x<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>  mate<span class=\"__1 _5\"></span>ri<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _1bc\"> </span>pr<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ma<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> y a<span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>xi<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>r<span class=\"__1 _6\"></span>es  2<span class=\"__1 _6\"></span>3.5<span class=\"__1 _6\"></span>74<span class=\"__1 _6\"></span>   <span class=\"__1 _d1\"> </span><span class=\"ls3e\">         (1.18<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)   <span class=\"__1 _eb\"> </span></span>  22<span class=\"__1 _6\"></span>.39<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>   <span class=\"__1 _12c\"> </span><span class=\"ls3e\">       (1<span class=\"__1 _6\"></span>3.21<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>)   <span class=\"__1 _cc\"> </span>         (8<span class=\"__1 _6\"></span>.217<span class=\"__1 _6\"></span>)   <span class=\"__1 _ce\"> </span>       (2<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.430<span class=\"__1 _6\"></span>) </span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> ga<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>tos<span class=\"__1 _6\"></span> exte<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>nos<span class=\"__1 _12d\"> </span>  3<span class=\"__1 _6\"></span>5.3<span class=\"__1 _6\"></span>01<span class=\"__1 _6\"></span>   <span class=\"__1 _eb\"> </span>  1<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.42<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>   <span class=\"__1 _eb\"> </span>  5<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.56<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>   <span class=\"__1 _4d\"> </span>  3<span class=\"__1 _6\"></span>1.8<span class=\"__1 _6\"></span>88<span class=\"__1 _6\"></span>   <span class=\"__1 _eb\"> </span>  2<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.42<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>   <span class=\"__1 _eb\"> </span>  5<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.77<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span> 35<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.49<span class=\"__1 _6\"></span>5 <span class=\"__1 _103\"> </span>6<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>1<span class=\"__1 _6\"></span>23<span class=\"__1 _6\"></span> <span class=\"__1 _f9\"> </span>416<span class=\"__1 _6\"></span>.88<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _af\"> </span>31<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>32<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _103\"> </span>92<span class=\"__1 _6\"></span>.74<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _80\"> </span>4<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>25<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span>31/12/2023<span class=\"__1 _1bc\"> </span>31/12/2022<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> e<span class=\"__1 _5\"></span>ur<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>N<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>goci<span class=\"__1 _4\"></span>o<span class=\"__1 _1bc\"> </span>Ce<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span>N<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>goci<span class=\"__1 _4\"></span>o<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>ova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>es<span class=\"__1 _1bc\"> </span>Grup<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>Cons<span class=\"__1 _8\"></span>ol<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>N<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>goci<span class=\"__1 _4\"></span>o<span class=\"__1 _1bc\"> </span>Ce<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span>N<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>goci<span class=\"__1 _4\"></span>o<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>ova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>es<span class=\"__1 _1bc\"> </span>Grup<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>Cons<span class=\"__1 _8\"></span>ol<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>11.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Personal<span class=\"__1 _1bc\"> </span></span></span><span class=\"ff5 ls0_1\"><span class=\"ff3_1\"> </span></span>Los <span class=\"__1 _6\"></span>gas<span class=\"__1 _6\"></span>tos <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>pers<span class=\"__1 _6\"></span>onal <span class=\"__1 _6\"></span>incurridos <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>ejercicios <span class=\"__1 _6\"></span>2023 <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>2022 <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>distintos <span class=\"__1 _6\"></span>negocios<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>desarrollad<span class=\"__1 _6\"></span>os <span class=\"__1 _6\"></span>por<span class=\"__1 _1bc\"> </span> ENCE son<span class=\"__1 _6\"></span> los siguientes:<span class=\"__1 _1bc\"> </span>11.1<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Datos de plantilla<span class=\"__1 _1bc\"> </span></span></span>La <span class=\"__1 _6\"></span>plantilla <span class=\"__1 _6\"></span>media <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>Grupo <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>ejercicios 2023 <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>2022, <span class=\"__1 _6\"></span>detallada <span class=\"__1 _6\"></span>po<span class=\"__1 _6\"></span>r <span class=\"__1 _6\"></span>categor\u00eda <span class=\"__1 _6\"></span>profesional <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>sexo, <span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>la<span class=\"__1 _1bc\"> </span>siguiente:<span class=\"__1 _1bc\"> </span>As\u00ed <span class=\"__1 _5\"></span>mismo <span class=\"__1 _5\"></span>la <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>istribuci\u00f3n de <span class=\"__1 _70\"></span>la <span class=\"__1 _70\"></span>plan<span class=\"__1 _6\"></span>tilla <span class=\"__1 _5\"></span>del <span class=\"__1 _70\"></span>Gru<span class=\"__1 _6\"></span>po <span class=\"__1 _70\"></span>al 31 <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>diciembre <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>2023 y <span class=\"__1 _70\"></span>2022, detallada <span class=\"__1 _70\"></span>por categor\u00eda<span class=\"__1 _1bc\"> </span>profesional y s<span class=\"__1 _6\"></span>exo, es la siguiente:<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de e<span class=\"__1 _70\"></span>u<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>N<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Ce<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span>N<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>ova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _1bc\"> </span>Grup<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>Cons<span class=\"__1 _8\"></span>ol<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>da<span class=\"__1 _8\"></span>do<span class=\"__1 _1bc\"> </span>N<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Ce<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span>N<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>ova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _1bc\"> </span>Grup<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>Cons<span class=\"__1 _8\"></span>ol<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>da<span class=\"__1 _8\"></span>do<span class=\"__1 _1bc\"> </span>Suel<span class=\"__1 _6\"></span>dos<span class=\"__1 _8\"></span> y s<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>os<span class=\"__1 _120\"> </span>  6<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.83<span class=\"__1 _6\"></span>9 <span class=\"__1 _6\"></span>  <span class=\"__1 _110\"> </span>  1<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.47<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>   <span class=\"__1 _110\"> </span>  7<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.31<span class=\"__1 _6\"></span>6 <span class=\"__1 _6\"></span>  <span class=\"__1 _6e\"> </span>56<span class=\"__1 _6\"></span>.74<span class=\"__1 _6\"></span>1<span class=\"__1 _25\"> </span>13<span class=\"__1 _6\"></span>.34<span class=\"__1 _6\"></span>2 <span class=\"__1 _59\"> </span>7<span class=\"__1 _6\"></span>0.0<span class=\"__1 _6\"></span>83<span class=\"__1 _1bc\"> </span>Se<span class=\"__1 _5\"></span>guri<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span> Soc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _9f\"> </span>  16<span class=\"__1 _6\"></span>.35<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>   <span class=\"__1 _f9\"> </span>  4<span class=\"__1 _6\"></span>.01<span class=\"__1 _6\"></span>9  <span class=\"__1 _6\"></span> <span class=\"__1 _110\"> </span>  2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.370<span class=\"__1 _6\"></span>   <span class=\"__1 _6e\"> </span>1<span class=\"__1 _6\"></span>4.0<span class=\"__1 _6\"></span>51<span class=\"__1 _6e\"> </span>3<span class=\"__1 _6\"></span>.26<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _5a\"> </span>1<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.31<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _5\"></span>por<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n pl<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>nes<span class=\"__1 _6\"></span> pens<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span> (N<span class=\"__1 _5\"></span>ota<span class=\"__1 _6\"></span> 3<span class=\"__1 _6\"></span>.14<span class=\"__1 _6\"></span>)<span class=\"__1 _ed\"> </span>  2<span class=\"__1 _6\"></span>.20<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>   <span class=\"__1 _53\"> </span>  3<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>   <span class=\"__1 _12\"> </span>2.56<span class=\"__1 _6\"></span>9<span class=\"__1 _79\"> </span>2.0<span class=\"__1 _6\"></span>29<span class=\"__1 _61\"> </span><span class=\"ls40\">317 <span class=\"__1 _4d\"> </span></span>2<span class=\"__1 _6\"></span>.34<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> ga<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>os<span class=\"__1 _8\"></span> s<span class=\"__1 _8\"></span>oc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _40\"> </span>1<span class=\"__1 _6\"></span>.60<span class=\"__1 _6\"></span>2<span class=\"__1 _61\"> </span><span class=\"ls40\">201<span class=\"__1 _8b\"> </span></span>1<span class=\"__1 _6\"></span>.80<span class=\"__1 _6\"></span>3<span class=\"__1 _3f\"> </span>1<span class=\"__1 _6\"></span>.41<span class=\"__1 _6\"></span>0<span class=\"__1 _61\"> </span><span class=\"ls40\">190<span class=\"__1 _8b\"> </span></span>1<span class=\"__1 _6\"></span>.60<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span>81<span class=\"__1 _6\"></span>.99<span class=\"__1 _6\"></span>6<span class=\"__1 _25\"> </span>20<span class=\"__1 _6\"></span>.06<span class=\"__1 _6\"></span>2<span class=\"__1 _b\"> </span>1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.05<span class=\"__1 _6\"></span>8<span class=\"__1 _f\"> </span>74.23<span class=\"__1 _6\"></span>1<span class=\"__1 _25\"> </span>1<span class=\"__1 _6\"></span>7.1<span class=\"__1 _6\"></span>14<span class=\"__1 _25\"> </span>9<span class=\"__1 _6\"></span>1.3<span class=\"__1 _6\"></span>45<span class=\"__1 _1bc\"> </span>Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>ne<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span> ret<span class=\"__1 _5\"></span>ri<span class=\"__1 _8\"></span>b<span class=\"__1 _6\"></span>uc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n a<span class=\"__1 _8\"></span> l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>go p<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>zo (Not<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span> 3<span class=\"__1 _6\"></span>.14<span class=\"__1 _6\"></span>)<span class=\"__1 _129\"> </span>1<span class=\"__1 _6\"></span>.08<span class=\"__1 _6\"></span>6<span class=\"__1 _92\"> </span>  3<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>   <span class=\"__1 _f9\"> </span>  1.12<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>   <span class=\"__1 _87\"> </span><span class=\"ls40\">57</span>                  <span class=\"ls0_1\"> <span class=\"__1 _dd\"> </span><span class=\"ls40\">88<span class=\"__1 _12e\"></span><span class=\"ls41\">                  <span class=\"ls0_1\"> </span></span></span></span>I<span class=\"__1 _6\"></span>nd<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>m<span class=\"__1 _5\"></span>ni<span class=\"__1 _8\"></span>za<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _10f\"> </span>  1<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>   <span class=\"__1 _99\"> </span><span class=\"ls40\">592<span class=\"__1 _f\"> </span>791<span class=\"__1 _3f\"> </span></span>1.1<span class=\"__1 _6\"></span>00<span class=\"__1 _61\"> </span><span class=\"ls40\">658<span class=\"__1 _8b\"> </span></span>1<span class=\"__1 _6\"></span>.75<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span>83<span class=\"__1 _6\"></span>.28<span class=\"__1 _6\"></span>1<span class=\"__1 _25\"> </span>20<span class=\"__1 _6\"></span>.691<span class=\"__1 _12f\"> </span>10<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.97<span class=\"__1 _6\"></span>2<span class=\"__1 _2f\"> </span>7<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.38<span class=\"__1 _6\"></span>8<span class=\"__1 _25\"> </span>17<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>8<span class=\"__1 _6\"></span>03<span class=\"__1 _25\"> </span>9<span class=\"__1 _6\"></span>3.19<span class=\"__1 _6\"></span>1<span class=\"__1 _1bc\"> </span>31/12/2023<span class=\"__1 _1bc\"> </span>31/12/2022<span class=\"__1 _1bc\"> </span>Ca<span class=\"__1 _6\"></span>te<span class=\"__1 _5\"></span>gor\u00eda<span class=\"__1 _8\"></span> Pr<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>fes<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ona<span class=\"__1 _8\"></span>l<span class=\"__1 _134\"> </span>Hombres<span class=\"__1 _c7\"> </span>Muj<span class=\"__1 _6\"></span>eres<span class=\"__1 _ff\"> </span>Tota<span class=\"__1 _6\"></span>l<span class=\"__1 _59\"> </span>Hombr<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _c7\"> </span>Muj<span class=\"__1 _8\"></span>ere<span class=\"__1 _5\"></span>s<span class=\"__1 _33\"> </span>T<span class=\"__1 _5\"></span>ota<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span>Di<span class=\"__1 _8\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vos<span class=\"__1 _112\"> </span><span class=\"ls42\">57<span class=\"__1 _18\"> </span>17<span class=\"__1 _18\"> </span>74<span class=\"__1 _35\"> </span>51<span class=\"__1 _18\"> </span>14<span class=\"__1 _18\"> </span>65<span class=\"__1 _1bc\"> </span></span>Ge<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>ent<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _135\"> </span><span class=\"ls42\">68<span class=\"__1 _f5\"> </span>27<span class=\"__1 _18\"> </span>95<span class=\"__1 _2c\"> </span>60<span class=\"__1 _f5\"> </span>23<span class=\"__1 _18\"> </span>83<span class=\"__1 _1bc\"> </span></span>Re<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>ons<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de e<span class=\"__1 _70\"></span>qu<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>po<span class=\"__1 _d7\"> </span><span class=\"ls42\">68<span class=\"__1 _fd\"> </span></span>5<span class=\"__1 _18\"> </span><span class=\"ls42\">73<span class=\"__1 _2c\"> </span>68<span class=\"__1 _fd\"> </span></span>5<span class=\"__1 _18\"> </span><span class=\"ls42\">73<span class=\"__1 _1bc\"> </span></span>T\u00e9<span class=\"__1 _70\"></span>c<span class=\"__1 _6\"></span>ni<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>os<span class=\"__1 _136\"> </span><span class=\"ls42\">216<span class=\"__1 _12\"> </span>147<span class=\"__1 _fb\"> </span>363<span class=\"__1 _d7\"> </span>195<span class=\"__1 _12\"> </span>122<span class=\"__1 _fb\"> </span>317<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>dmi<span class=\"__1 _6\"></span>ni<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>tra<span class=\"__1 _8\"></span>ti<span class=\"__1 _6\"></span>vo<span class=\"__1 _6\"></span>s<span class=\"__1 _11c\"> </span><span class=\"ls42\">15<span class=\"__1 _18\"> </span>37<span class=\"__1 _18\"> </span>52<span class=\"__1 _137\"> </span>16<span class=\"__1 _18\"> </span>38<span class=\"__1 _f5\"> </span>54<span class=\"__1 _1bc\"> </span></span>Op<span class=\"__1 _6\"></span>era<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>es<span class=\"__1 _138\"> </span><span class=\"ls42\">292<span class=\"__1 _18\"> </span>46<span class=\"__1 _12\"> </span>338<span class=\"__1 _d7\"> </span>288<span class=\"__1 _f5\"> </span>34<span class=\"__1 _fb\"> </span>322<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>poyo <span class=\"__1 _6\"></span>y me<span class=\"__1 _70\"></span>j<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span>a<span class=\"__1 _139\"> </span><span class=\"ls42\">47<span class=\"__1 _f5\"> </span>45<span class=\"__1 _18\"> </span>92<span class=\"__1 _137\"> </span>47<span class=\"__1 _18\"> </span>48<span class=\"__1 _18\"> </span>95<span class=\"__1 _1bc\"> </span></span>Ma<span class=\"__1 _6\"></span>nte<span class=\"__1 _5\"></span>ni<span class=\"__1 _8\"></span>mi<span class=\"__1 _6\"></span>ent<span class=\"__1 _5\"></span>o<span class=\"__1 _8e\"> </span><span class=\"ls42\">133<span class=\"__1 _fd\"> </span></span>2<span class=\"__1 _fb\"> </span><span class=\"ls42\">135<span class=\"__1 _d7\"> </span>131<span class=\"__1 _fd\"> </span></span>2<span class=\"__1 _fb\"> </span><span class=\"ls42\">133<span class=\"__1 _1bc\"> </span></span>896<span class=\"__1 _12\"> </span>326<span class=\"__1 _49\"> </span><span class=\"ls0_1\">1<span class=\"__1 _6\"></span>.22<span class=\"__1 _6\"></span>2<span class=\"__1 _d7\"> </span></span>856<span class=\"__1 _fb\"> </span>286<span class=\"__1 _49\"> </span><span class=\"ls0_1\">1<span class=\"__1 _6\"></span>.142<span class=\"__1 _1bc\"> </span></span>2022<span class=\"__1 _1bc\"> </span>N<span class=\"__1 _5\"></span>\u00fame<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span> Me<span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o de E<span class=\"__1 _5\"></span>mpl<span class=\"__1 _6\"></span>ea<span class=\"__1 _6\"></span>dos<span class=\"__1 _8\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span> Ej<span class=\"__1 _6\"></span>erc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>2023<span class=\"__1 _1bc\"> </span>Ca<span class=\"__1 _6\"></span>te<span class=\"__1 _5\"></span>gor\u00eda<span class=\"__1 _8\"></span> Pr<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>fes<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ona<span class=\"__1 _8\"></span>l<span class=\"__1 _134\"> </span>Hombres<span class=\"__1 _c7\"> </span>Muj<span class=\"__1 _6\"></span>eres<span class=\"__1 _ff\"> </span>Tota<span class=\"__1 _6\"></span>l<span class=\"__1 _59\"> </span>Hombr<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _c7\"> </span>Muj<span class=\"__1 _8\"></span>ere<span class=\"__1 _5\"></span>s<span class=\"__1 _33\"> </span>T<span class=\"__1 _5\"></span>ota<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span>Di<span class=\"__1 _8\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vos<span class=\"__1 _112\"> </span><span class=\"ls42\">57<span class=\"__1 _18\"> </span>19<span class=\"__1 _18\"> </span>76<span class=\"__1 _35\"> </span>54<span class=\"__1 _18\"> </span>15<span class=\"__1 _18\"> </span>69<span class=\"__1 _1bc\"> </span></span>Ge<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>ent<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _135\"> </span><span class=\"ls42\">69<span class=\"__1 _f5\"> </span>31<span class=\"__1 _fb\"> </span>100<span class=\"__1 _137\"> </span>63<span class=\"__1 _18\"> </span>24<span class=\"__1 _18\"> </span>87<span class=\"__1 _1bc\"> </span></span>Re<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>ons<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de e<span class=\"__1 _70\"></span>qu<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>po<span class=\"__1 _d7\"> </span><span class=\"ls42\">69<span class=\"__1 _fd\"> </span></span>5<span class=\"__1 _18\"> </span><span class=\"ls42\">74<span class=\"__1 _137\"> </span>69<span class=\"__1 _fd\"> </span></span>5<span class=\"__1 _18\"> </span><span class=\"ls42\">74<span class=\"__1 _1bc\"> </span></span>T\u00e9<span class=\"__1 _70\"></span>c<span class=\"__1 _6\"></span>ni<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>os<span class=\"__1 _136\"> </span><span class=\"ls42\">226<span class=\"__1 _12\"> </span>160<span class=\"__1 _fb\"> </span>386<span class=\"__1 _d7\"> </span>201<span class=\"__1 _12\"> </span>134<span class=\"__1 _fb\"> </span>335<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>dmi<span class=\"__1 _6\"></span>ni<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>tra<span class=\"__1 _8\"></span>ti<span class=\"__1 _6\"></span>vo<span class=\"__1 _6\"></span>s<span class=\"__1 _11c\"> </span><span class=\"ls42\">17<span class=\"__1 _18\"> </span>40<span class=\"__1 _18\"> </span>57<span class=\"__1 _137\"> </span>15<span class=\"__1 _18\"> </span>40<span class=\"__1 _f5\"> </span>55<span class=\"__1 _1bc\"> </span></span>Op<span class=\"__1 _6\"></span>era<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>es<span class=\"__1 _138\"> </span><span class=\"ls42\">299<span class=\"__1 _18\"> </span>47<span class=\"__1 _12\"> </span>346<span class=\"__1 _d7\"> </span>277<span class=\"__1 _f5\"> </span>36<span class=\"__1 _fb\"> </span>313<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>poyo <span class=\"__1 _6\"></span>y me<span class=\"__1 _70\"></span>j<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span>a<span class=\"__1 _139\"> </span><span class=\"ls42\">49<span class=\"__1 _f5\"> </span>43<span class=\"__1 _18\"> </span>92<span class=\"__1 _137\"> </span>47<span class=\"__1 _18\"> </span>42<span class=\"__1 _18\"> </span>89<span class=\"__1 _1bc\"> </span></span>Ma<span class=\"__1 _6\"></span>nte<span class=\"__1 _5\"></span>ni<span class=\"__1 _8\"></span>mi<span class=\"__1 _6\"></span>ent<span class=\"__1 _5\"></span>o<span class=\"__1 _8e\"> </span><span class=\"ls42\">130<span class=\"__1 _fd\"> </span></span>1<span class=\"__1 _fb\"> </span><span class=\"ls42\">131<span class=\"__1 _d7\"> </span>123<span class=\"__1 _fd\"> </span></span>3<span class=\"__1 _fb\"> </span><span class=\"ls42\">126<span class=\"__1 _1bc\"> </span></span>916<span class=\"__1 _12\"> </span>346<span class=\"__1 _49\"> </span><span class=\"ls0_1\">1<span class=\"__1 _6\"></span>.26<span class=\"__1 _6\"></span>2<span class=\"__1 _d7\"> </span></span>849<span class=\"__1 _fb\"> </span>299<span class=\"__1 _49\"> </span><span class=\"ls0_1\">1<span class=\"__1 _6\"></span>.148<span class=\"__1 _1bc\"> </span></span>2023<span class=\"__1 _1bc\"> </span>2022<span class=\"__1 _1bc\"> </span>N<span class=\"__1 _5\"></span>\u00fame<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span> de E<span class=\"__1 _70\"></span>mpl<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span> c<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>err<span class=\"__1 _6\"></span>e de<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span> Ej<span class=\"__1 _6\"></span>erc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Al 31 de diciembre de 2023 y 2022 el n\u00fa<span class=\"__1 _6\"></span>mero de empleados<span class=\"__1 _6\"></span> con una discapacidad<span class=\"__1 _6\"></span> superior al 33% es de 12<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> y 10 personas<span class=\"__1 _6\"></span>, respectivamente.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> Por <span class=\"__1 _8\"></span>otra <span class=\"__1 _4\"></span>parte, <span class=\"__1 _8\"></span>al <span class=\"__1 _8\"></span>31 <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>diciem<span class=\"__1 _5\"></span>bre <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>2023 <span class=\"__1 _6\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>2022 <span class=\"__1 _8\"></span>el <span class=\"__1 _4\"></span>Consejo <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>Administraci\u00f3n <span class=\"__1 _4\"></span>est\u00e1 <span class=\"__1 _4\"></span>conformado <span class=\"__1 _8\"></span>por <span class=\"__1 _8\"></span>13<span class=\"__1 _1bc\"> </span> personas<span class=\"__1 _6\"></span>; 8 varones y 5 mujeres. <span class=\"__1 _6\"></span> 11.2<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Plan de retribuci\u00f3n a largo<span class=\"__1 _5\"></span> plazo </span></span>En <span class=\"__1 _c6\"> </span>la  determinaci\u00f3n <span class=\"__1 _c6\"> </span>del <span class=\"__1 _c6\"> </span>importe  devengado <span class=\"__1 _c6\"> </span>por <span class=\"__1 _c6\"> </span>esto<span class=\"__1 _6\"></span>s <span class=\"__1 _c6\"> </span>compromisos  se <span class=\"__1 _c8\"> </span>realizan<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>estimaciones  que <span class=\"__1 _c8\"> </span>s<span class=\"__1 _6\"></span>on revisadas <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>cad<span class=\"__1 _6\"></span>a <span class=\"__1 _4\"></span>cierre <span class=\"__1 _4\"></span>contable, <span class=\"__1 _4\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>impacto <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>las <span class=\"__1 _4\"></span>v<span class=\"__1 _6\"></span>ariaciones <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>registra <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>Esta<span class=\"__1 _6\"></span>do <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>Resulta<span class=\"__1 _6\"></span>do consolidado d<span class=\"__1 _6\"></span>e forma prosp<span class=\"__1 _6\"></span>ectiva.  Plan de inc<span class=\"__1 _6\"></span>entivo a largo plazo pa<span class=\"__1 _6\"></span>ra el periodo 2023<span class=\"__1 _6\"></span>-<span class=\"ls12\">2027</span> <span class=\"ls43\">/ </span>ENCE Celulosa y <span class=\"__1 _6\"></span>Corporativo El <span class=\"__1 _6\"></span>5 <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>mayo <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>2023 <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>Ju<span class=\"__1 _6\"></span>nta <span class=\"__1 _6\"></span>General <span class=\"__1 _6\"></span>Ordinaria <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>Accionistas<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>Sociedad <span class=\"__1 _6\"></span>Domin<span class=\"__1 _6\"></span>ante <span class=\"__1 _6\"></span><span class=\"ff6\">aprob\u00f3<span class=\"__1 _6\"></span> el <span class=\"__1 _6\"></span>\u201cPlan<span class=\"__1 _6\"></span> </span>de incentivo<span class=\"__1 _6\"></span> a <span class=\"__1 _6\"></span>largo <span class=\"__1 _6\"></span>plazo <span class=\"__1 _6\"></span>2023-<span class=\"ff6\">202<span class=\"__1 _6\"></span>7\u201d</span> dirigido <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>directivos,<span class=\"__1 _6\"></span> in<span class=\"__1 _6\"></span>cluido el <span class=\"__1 _6\"></span>Presidente <span class=\"__1 _6\"></span>y Con<span class=\"__1 _6\"></span>sejero <span class=\"__1 _6\"></span>Delegado d<span class=\"__1 _6\"></span>e la <span class=\"__1 _c8\"></span>Sociedad, <span class=\"__1 _c8\"></span>y <span class=\"__1 _4\"></span>o<span class=\"__1 _6\"></span>tros <span class=\"__1 _4\"></span>emplead<span class=\"__1 _6\"></span>os <span class=\"__1 _c8\"> </span>del <span class=\"__1 _c8\"></span>Grupo <span class=\"__1 _c8\"></span>Ence <span class=\"__1 _c8\"></span>(el <span class=\"__1 _4\"></span>\u201cPlan\u201d).<span class=\"__1 _6\"></span><span class=\"ff4\"> <span class=\"__1 _c8\"> </span>El <span class=\"__1 _c8\"> </span>Plan <span class=\"__1 _c8\"> </span>permite <span class=\"__1 _c8\"></span>a <span class=\"__1 _c8\"></span>sus <span class=\"__1 _c8\"></span>beneficiarios <span class=\"__1 _4\"></span>p<span class=\"__1 _6\"></span>ercibir, </span>transcurrido un determinado p<span class=\"__1 _6\"></span>eriodo de tiempo, un incentivo pagadero <span class=\"__1 _6\"></span>en acciones de En<span class=\"__1 _6\"></span>ce y en me<span class=\"__1 _5\"></span>t\u00e1lico, siempre <span class=\"__1 _4\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>cu<span class=\"__1 _6\"></span>mplan <span class=\"__1 _c8\"></span>determinados <span class=\"__1 _c8\"></span>objetivos <span class=\"__1 _c8\"> </span>plurianuales <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"></span>la <span class=\"__1 _4\"></span>Sociedad<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>y <span class=\"__1 _c8\"> </span>se <span class=\"__1 _c8\"></span>re\u00fanan <span class=\"__1 _c8\"></span>los <span class=\"__1 _4\"></span>requis<span class=\"__1 _6\"></span>itos previstos p<span class=\"__1 _6\"></span>ara ello en el Reglamento del Plan.<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span> Inicialmente <span class=\"__1 _8\"></span>son <span class=\"__1 _8\"></span>potenciales <span class=\"__1 _8\"></span>beneficiarios<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>del <span class=\"__1 _6\"></span>Plan <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>Incen<span class=\"__1 _6\"></span>tivo <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>pri<span class=\"__1 _6\"></span>ncipales <span class=\"__1 _8\"></span>directivos <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>Sociedad<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>y<span class=\"__1 _6\"></span> otro <span class=\"__1 _c8\"> </span>personal <span class=\"__1 _c8\"> </span>clave <span class=\"__1 _c8\"> </span>q<span class=\"__1 _6\"></span>ue, <span class=\"__1 _c8\"></span>bien <span class=\"__1 _c8\"></span>por <span class=\"__1 _c8\"></span>sus <span class=\"__1 _c8\"> </span>responsabilidad<span class=\"__1 _6\"></span>es <span class=\"__1 _4\"></span>o <span class=\"__1 _c8\"> </span>p<span class=\"__1 _6\"></span>or <span class=\"__1 _c8\"></span>su <span class=\"__1 _c8\"></span>perfil, <span class=\"__1 _c8\"></span>tengan <span class=\"__1 _c8\"> </span>capacidad <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"></span>influir <span class=\"__1 _c8\"></span>de manera <span class=\"__1 _5\"></span>directa sobre <span class=\"__1 _70\"></span>el \u00e9xito <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>planes e<span class=\"__1 _5\"></span>strat\u00e9gicos.<span class=\"__1 _6\"></span> El <span class=\"__1 _70\"></span>Plan tiene <span class=\"__1 _70\"></span>un<span class=\"__1 _6\"></span>a <span class=\"__1 _5\"></span>duraci\u00f3n de <span class=\"__1 _70\"></span>5 <span class=\"__1 _5\"></span>a\u00f1os<span class=\"__1 _6\"></span>, <span class=\"__1 _5\"></span>esto <span class=\"__1 _5\"></span>es, <span class=\"__1 _5\"></span>desde el 1/1/<span class=\"__1 _6\"></span>2023 h<span class=\"__1 _6\"></span>asta <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>31/12/2027 <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>e d<span class=\"__1 _6\"></span>ivide <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>3 <span class=\"__1 _6\"></span>ciclos <span class=\"__1 _6\"></span>an<span class=\"__1 _6\"></span>uales <span class=\"__1 _6\"></span>solapad<span class=\"__1 _6\"></span>os d<span class=\"__1 _6\"></span>e 3 <span class=\"__1 _6\"></span>a\u00f1o<span class=\"__1 _6\"></span>s <span class=\"__1 _6\"></span>de du<span class=\"__1 _6\"></span>raci\u00f3n <span class=\"__1 _6\"></span>cada <span class=\"__1 _6\"></span>uno de <span class=\"__1 _6\"></span>ellos, <span class=\"__1 _8\"></span>independientes <span class=\"__1 _8\"></span>entre <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>\u00ed, <span class=\"__1 _8\"></span>que <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>iquidar\u00e1n <span class=\"__1 _8\"></span>dentro <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>los <span class=\"__1 _6\"></span>90 <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>\u00edas <span class=\"__1 _6\"></span>siguient<span class=\"__1 _6\"></span>es <span class=\"__1 _8\"></span>al <span class=\"__1 _6\"></span>\u00faltimo <span class=\"__1 _8\"></span>a\u00f1o <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>cada ciclo<span class=\"ls17\">. <span class=\"ls0_1\"> </span></span>El <span class=\"__1 _6\"></span>incentivo<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>cada <span class=\"__1 _6\"></span>ciclo <span class=\"__1 _8\"></span>estar\u00e1 <span class=\"__1 _6\"></span>cond<span class=\"__1 _6\"></span>icionad<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>cu<span class=\"__1 _6\"></span>mplimiento <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>eterminados <span class=\"__1 _8\"></span>objetivos <span class=\"__1 _6\"></span>finan<span class=\"__1 _6\"></span>cieros, <span class=\"__1 _6\"></span>no financieros  y  de  creaci\u00f3n  de <span class=\"__1 _c6\"> </span>v<span class=\"__1 _6\"></span>alor  para  el  accionista,  aprobados  por  el  Consejo  de <span class=\"__1 _c6\"> </span>Administra<span class=\"__1 _6\"></span>ci\u00f3n  a propuesta d<span class=\"__1 _6\"></span>e la Comisi\u00f3n de Nombramientos<span class=\"__1 _6\"></span> y Retribuciones. <span class=\"__1 _8\"></span> Son <span class=\"__1 _8\"></span>requisitos <span class=\"__1 _8\"></span>para <span class=\"__1 _6\"></span>su <span class=\"__1 _8\"></span>devengo<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>alcanzar <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>grado <span class=\"__1 _6\"></span>m\u00ednim<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>con<span class=\"__1 _6\"></span>secuci\u00f3n <span class=\"__1 _8\"></span>conforme <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>criterios <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>los que <span class=\"__1 _8\"></span>vienen <span class=\"__1 _8\"></span>referenciad<span class=\"__1 _6\"></span>os <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>dis<span class=\"__1 _6\"></span>tintos <span class=\"__1 _8\"></span>objetiv<span class=\"__1 _6\"></span>os, <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>beneficiario <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>hall<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>situaci<span class=\"__1 _6\"></span>\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>prestaci\u00f3n<span class=\"__1 _6\"></span> efectiva <span class=\"__1 _cb\"> </span>de <span class=\"__1 _cb\"> </span>servicios <span class=\"__1 _cb\"> </span>para <span class=\"__1 _cb\"> </span>ENCE <span class=\"__1 _cb\"> </span>en  la <span class=\"__1 _cb\"> </span>correspo<span class=\"__1 _6\"></span>ndiente <span class=\"__1 _cb\"> </span>fecha  d<span class=\"__1 _6\"></span>e <span class=\"__1 _cb\"> </span>con<span class=\"__1 _6\"></span>solidaci\u00f3n <span class=\"__1 _cb\"> </span>del <span class=\"__1 _cb\"> </span>derecho, <span class=\"__1 _cb\"> </span>con <span class=\"__1 _cb\"> </span>las salvedades h<span class=\"__1 _6\"></span>abituales para este tipo de in<span class=\"__1 _6\"></span>centivos.<span class=\"__1 _6\"></span> El <span class=\"__1 _6\"></span>ciclo <span class=\"__1 _6\"></span>I <span class=\"__1 _6\"></span>del Plan <span class=\"__1 _6\"></span>representa <span class=\"__1 _6\"></span>un <span class=\"__1 _6\"></span>60% <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>incentivo <span class=\"__1 _6\"></span>tota<span class=\"__1 _6\"></span>l y <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>ciclos <span class=\"__1 _6\"></span>II <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>III <span class=\"__1 _6\"></span>representan <span class=\"__1 _6\"></span>un <span class=\"__1 _6\"></span>20% cada <span class=\"__1 _8\"></span>uno <span class=\"__1 _6\"></span>del incentivo total.<span class=\"__1 _6\"></span> El <span class=\"__1 _6\"></span>incentivo <span class=\"__1 _6\"></span>considerado <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>este <span class=\"__1 _6\"></span>Plan <span class=\"__1 _6\"></span>consiste <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>un <span class=\"__1 _6\"></span>% <span class=\"__1 _6\"></span>de la <span class=\"__1 _6\"></span>retribuci\u00f3n<span class=\"__1 _6\"></span> fija <span class=\"__1 _6\"></span>media <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>periodo <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>abarca cada <span class=\"__1 _6\"></span>ciclo <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>funci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>ca<span class=\"__1 _6\"></span>tegor\u00eda <span class=\"__1 _6\"></span>prof<span class=\"__1 _6\"></span>esional <span class=\"__1 _6\"></span>del <span class=\"__1 _8\"></span>beneficiario, <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>se <span class=\"__1 _6\"></span>liqu<span class=\"__1 _6\"></span>ida <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>un <span class=\"__1 _6\"></span>70% <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>accion<span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>un 30% <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>efectivo, <span class=\"__1 _8\"></span>excepto <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>miembros <span class=\"__1 _8\"></span>del<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>Comit\u00e9 <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>Direcci\u00f3n <span class=\"__1 _8\"></span>cuy<span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>liquidaci\u00f3n <span class=\"__1 _8\"></span>es <span class=\"__1 _8\"></span>100% <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>acciones<span class=\"__1 _6\"></span>. <span class=\"__1 _8\"></span>El Presidente y <span class=\"__1 _70\"></span>Con<span class=\"__1 _6\"></span>sejero Delegado <span class=\"ls16\">y <span class=\"__1 _5\"></span><span class=\"ls0_1\">el <span class=\"__1 _5\"></span>resto de <span class=\"__1 _70\"></span>los miembros del <span class=\"__1 _70\"></span>Comit\u00e9 de <span class=\"__1 _5\"></span>Direcci\u00f3n asumen <span class=\"__1 _5\"></span>determinados </span></span>compromisos de mantenim<span class=\"__1 _6\"></span>iento de las<span class=\"__1 _6\"></span> acciones recibidas<span class=\"__1 _6\"></span>.  El <span class=\"__1 _6\"></span>n\u00famero <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>acciones <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>entregar <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>determinar\u00e1 <span class=\"__1 _6\"></span>cons<span class=\"__1 _6\"></span>iderando <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>precio <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>referencia <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>acci\u00f3n <span class=\"__1 _6\"></span>de ENCE <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>cotizaci\u00f3n <span class=\"__1 _6\"></span>media <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>20 <span class=\"__1 _6\"></span>d\u00edas <span class=\"__1 _6\"></span>anteriores <span class=\"__1 _6\"></span>y p<span class=\"__1 _6\"></span>osteriores <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>31 <span class=\"__1 _6\"></span>de diciembre <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>cad<span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>inicio <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>ciclo. El precio de referencia a cons<span class=\"__1 _6\"></span>iderar en el ciclo I <span class=\"__1 _6\"></span>es de 3,2<span class=\"__1 _6\"></span>4 <span class=\"ff6\">\u20ac/acci\u00f3n<span class=\"__1 _6\"></span>.</span> El colectivo del plan<span class=\"__1 _6\"></span> al 31 de diciembre de 2023 lo forman<span class=\"__1 _6\"></span> 83 personas integradas<span class=\"__1 _6\"></span> en ENCE <span class=\"__1 _6\"></span>Celulosa y en el Corporativo, <span class=\"__1 _5\"></span>y <span class=\"__1 _70\"></span>el <span class=\"__1 _70\"></span>coste <span class=\"__1 _70\"></span>m\u00e1xi<span class=\"__1 _6\"></span>mo <span class=\"__1 _70\"></span>previsto <span class=\"__1 _5\"></span>del <span class=\"__1 _70\"></span>Ciclo <span class=\"__1 _70\"></span>I <span class=\"__1 _70\"></span>con<span class=\"__1 _6\"></span>siderando <span class=\"__1 _70\"></span>un<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>grado <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>consecuci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>del <span class=\"__1 _70\"></span>100% <span class=\"__1 _70\"></span>as<span class=\"__1 _6\"></span>ciende a 11.033 miles \u20ac.<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _8\"></span>gasto<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>/ <span class=\"__1 _4\"></span>(ingreso) <span class=\"__1 _8\"></span>devengado<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>por <span class=\"__1 _4\"></span>este <span class=\"__1 _8\"></span>concepto <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>ejercicio <span class=\"__1 _8\"></span>2023, <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>cual <span class=\"__1 _4\"></span>se <span class=\"__1 _8\"></span>detalla <span class=\"__1 _4\"></span>atendiendo <span class=\"__1 _8\"></span>a <span class=\"__1 _4\"></span>su<span class=\"__1 _1bc\"> </span>contrapartida<span class=\"__1 _6\"></span>, es el siguiente:<span class=\"__1 _1bc\"> </span>Plan de ince<span class=\"__1 _6\"></span>ntivo a largo plazo para e<span class=\"__1 _6\"></span>l periodo 2019<span class=\"__1 _6\"></span>-<span class=\"ls12\">2023 <span class=\"ls43\">/ </span></span>ENCE Celulosa y <span class=\"__1 _6\"></span>Corporativo<span class=\"__1 _1bc\"> </span>El 28 <span class=\"__1 _6\"></span>de marzo <span class=\"__1 _6\"></span>de 2019 <span class=\"__1 _6\"></span>la Ju<span class=\"__1 _6\"></span>nta General de <span class=\"__1 _8\"></span><span class=\"ff6\">Accionistas <span class=\"__1 _6\"></span>de ENCE<span class=\"__1 _6\"></span> aprob<span class=\"__1 _6\"></span>\u00f3 el \u201c<span class=\"__1 _6\"></span>Plan de In<span class=\"__1 _6\"></span>centivo a <span class=\"__1 _6\"></span>largo <span class=\"__1 _6\"></span>plazo<span class=\"__1 _1bc\"> </span></span>para <span class=\"__1 _8\"></span>el <span class=\"__1 _4\"></span>periodo <span class=\"__1 _8\"></span>2019-<span class=\"ff6\">2023\u201d</span>, <span class=\"__1 _8\"></span>como <span class=\"__1 _4\"></span>plan <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>re<span class=\"__1 _5\"></span>tribuci\u00f3n <span class=\"__1 _8\"></span>dineraria <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>entrega <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>acciones <span class=\"__1 _6\"></span>de <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>Sociedad <span class=\"__1 _8\"></span>de<span class=\"__1 _1bc\"> </span>car\u00e1cter plurianual<span class=\"__1 _6\"></span>, con el <span class=\"__1 _6\"></span>objetivo de inc<span class=\"__1 _6\"></span>entivar el r<span class=\"__1 _6\"></span>endimiento profesion<span class=\"__1 _6\"></span>al del equipo d<span class=\"__1 _8\"></span>irectivo y re<span class=\"__1 _6\"></span>forzar<span class=\"__1 _1bc\"> </span>su <span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>rientaci\u00f3n <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>consecuci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>los <span class=\"__1 _8\"></span>objetivos <span class=\"__1 _8\"></span>definidos <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>n <span class=\"__1 _8\"></span>el <span class=\"__1 _4\"></span>Plan <span class=\"__1 _8\"></span>estrat\u00e9gico <span class=\"__1 _8\"></span>2019<span class=\"__1 _8\"></span>-2023, <span class=\"__1 _4\"></span>promover <span class=\"__1 _8\"></span>la<span class=\"__1 _1bc\"> </span>sostenibilidad<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _4\"></span>Grup<span class=\"__1 _6\"></span>o <span class=\"__1 _c8\"></span>para <span class=\"__1 _c8\"></span>la <span class=\"__1 _4\"></span>creaci\u00f3n <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>v<span class=\"__1 _6\"></span>alor <span class=\"__1 _c8\"></span>a <span class=\"__1 _c8\"></span>largo <span class=\"__1 _c8\"></span>plazo, <span class=\"__1 _c8\"></span>y <span class=\"__1 _c8\"></span>comprometer <span class=\"__1 _c8\"></span>a <span class=\"__1 _c8\"></span>la <span class=\"__1 _c8\"></span>direcci\u00f3n <span class=\"__1 _4\"></span>con<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>los<span class=\"__1 _1bc\"> </span>intereses de los accion<span class=\"__1 _6\"></span>istas<span class=\"__1 _6\"></span> y la mejora del clima organizaci<span class=\"__1 _6\"></span>onal.<span class=\"__1 _1bc\"> </span>Se <span class=\"__1 _8\"></span>tra<span class=\"__1 _6\"></span>ta <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>un <span class=\"__1 _4\"></span>Plan <span class=\"__1 _8\"></span>a <span class=\"__1 _4\"></span>cinco <span class=\"__1 _8\"></span>a\u00f1os, <span class=\"__1 _4\"></span>alineado <span class=\"__1 _4\"></span>al <span class=\"__1 _8\"></span>plazo <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>duraci\u00f3n <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>Plan <span class=\"__1 _4\"></span>Estrat\u00e9gico, <span class=\"__1 _4\"></span>com<span class=\"__1 _5\"></span>puesto <span class=\"__1 _4\"></span>por <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>ciclos. <span class=\"__1 _6\"></span>El <span class=\"__1 _8\"></span>Ciclo <span class=\"__1 _6\"></span>I <span class=\"__1 _6\"></span>tiene <span class=\"__1 _8\"></span>una <span class=\"__1 _6\"></span>duraci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>tres <span class=\"__1 _6\"></span>a\u00f1os, <span class=\"__1 _6\"></span>desde <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>1 <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>enero <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>2019 <span class=\"__1 _6\"></span>hasta <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>31 <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>diciembre <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span>2021 <span class=\"ls0_1\">y el Ciclo II d<span class=\"__1 _6\"></span>e cinco a\u00f1os, d<span class=\"__1 _6\"></span>esde el 1 de enero de 2019 h<span class=\"__1 _6\"></span>asta el 31 de diciembr<span class=\"__1 _6\"></span>e de 2023.<span class=\"__1 _1bc\"> </span></span>El <span class=\"__1 _6\"></span>incentivo <span class=\"__1 _6\"></span>considerado <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>este <span class=\"__1 _6\"></span>Plan <span class=\"__1 _6\"></span>consiste <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>un <span class=\"__1 _6\"></span>% <span class=\"__1 _6\"></span>de la <span class=\"__1 _6\"></span>retribuci\u00f3n<span class=\"__1 _6\"></span> fija <span class=\"__1 _6\"></span>media <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>periodo <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>abarca<span class=\"__1 _1bc\"> </span>cada <span class=\"__1 _8\"></span>ciclo, <span class=\"__1 _6\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _6\"></span>os<span class=\"__1 _6\"></span>cila <span class=\"__1 _6\"></span>entre <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>85% <span class=\"__1 _6\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>500%, <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>funci\u00f3n <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>categor\u00eda <span class=\"__1 _8\"></span>prof<span class=\"__1 _6\"></span>esional <span class=\"__1 _8\"></span>del <span class=\"__1 _6\"></span>beneficiar<span class=\"__1 _6\"></span>io, <span class=\"__1 _8\"></span>y <span class=\"__1 _6\"></span>su<span class=\"__1 _1bc\"> </span>consecuci\u00f3n est\u00e1 v<span class=\"__1 _6\"></span>inculada a cuatro<span class=\"__1 _6\"></span> objetivos<span class=\"__1 _6\"></span> relacionados con los resu<span class=\"__1 _6\"></span>ltados econ\u00f3micos alcanza<span class=\"__1 _6\"></span>dos, con<span class=\"__1 _1bc\"> </span>la sostenibilidad<span class=\"__1 _6\"></span>, el clima organizacional y<span class=\"__1 _6\"></span> la cotizaci\u00f3n d<span class=\"__1 _6\"></span>e la acci\u00f3n de ENCE.<span class=\"__1 _1bc\"> </span>El importe <span class=\"__1 _6\"></span>del incen<span class=\"__1 _6\"></span>tivo s<span class=\"__1 _6\"></span>e liquida <span class=\"__1 _6\"></span>en u<span class=\"__1 _6\"></span>n 30% <span class=\"__1 _6\"></span>en met\u00e1lico y<span class=\"__1 _6\"></span> en <span class=\"__1 _6\"></span>un 70% <span class=\"__1 _6\"></span>mediante la <span class=\"__1 _6\"></span>entrega <span class=\"__1 _6\"></span>de acciones<span class=\"__1 _6\"></span> de<span class=\"__1 _1bc\"> </span>ENCE. <span class=\"__1 _4\"></span>E<span class=\"__1 _6\"></span>l <span class=\"__1 _4\"></span>n\u00famero <span class=\"__1 _4\"></span>de <span class=\"__1 _c8\"></span>acciones <span class=\"__1 _c8\"></span>a <span class=\"__1 _4\"></span>entregar <span class=\"__1 _c8\"></span>se <span class=\"__1 _4\"></span>determinar\u00e1 <span class=\"__1 _c8\"></span>considerand<span class=\"__1 _6\"></span>o <span class=\"__1 _4\"></span>como <span class=\"__1 _c8\"></span>precio <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>referencia <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>la<span class=\"__1 _1bc\"> </span>acci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>ENCE <span class=\"__1 _6\"></span>5,8031 <span class=\"__1 _6\"></span>\u20ac/acci\u00f3n <span class=\"__1 _6\"></span>(cotiz<span class=\"__1 _6\"></span>aci\u00f3n <span class=\"__1 _6\"></span>media <span class=\"__1 _6\"></span>teniendo <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>cuenta <span class=\"__1 _6\"></span>los<span class=\"__1 _8\"></span><span class=\"ff4\"> 20 <span class=\"__1 _6\"></span>d\u00edas <span class=\"__1 _6\"></span>anteriores <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>posteriores<span class=\"__1 _1bc\"> </span></span>al <span class=\"__1 _6\"></span>31 <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>diciembre<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>018). <span class=\"__1 _4\"></span>El <span class=\"__1 _6\"></span>Presidente <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>Consejero <span class=\"__1 _8\"></span>Delegado <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>resto <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>miembros <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>Comit\u00e9 <span class=\"__1 _8\"></span>de<span class=\"__1 _1bc\"> </span>Direcci\u00f3n asumen d<span class=\"__1 _6\"></span>eterminados compro<span class=\"__1 _6\"></span>misos de mantenimiento d<span class=\"__1 _6\"></span>e las acciones recibid<span class=\"__1 _6\"></span>as<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _c8\"> </span>colectivo <span class=\"__1 _c6\"> </span>del <span class=\"__1 _c6\"> </span>plan <span class=\"__1 _c8\"> </span>al <span class=\"__1 _c6\"> </span>31 <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>diciembre <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>2023 <span class=\"__1 _c8\"> </span>lo <span class=\"__1 _c6\"> </span>forman<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>65 <span class=\"__1 _c6\"> </span>personas <span class=\"__1 _c6\"> </span>integradas <span class=\"__1 _c8\"> </span>en  ENCE <span class=\"__1 _c8\"> </span>Celulosa.<span class=\"__1 _1bc\"> </span>Considerando el grad<span class=\"__1 _6\"></span>o de consecuci\u00f3n de los<span class=\"__1 _6\"></span> objetivos previstos en el Ciclo II de este Plan de Retribu<span class=\"__1 _6\"></span>ci\u00f3n y<span class=\"__1 _1bc\"> </span>asumiendo que e<span class=\"__1 _5\"></span>l colectivo vigente <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>e mantendr\u00e1 hasta la fecha <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _5\"></span>liquidaci\u00f3<span class=\"__1 _6\"></span>n, el <span class=\"__1 _70\"></span>coste<span class=\"__1 _6\"></span> previsto del <span class=\"__1 _70\"></span>mis<span class=\"__1 _6\"></span>mo<span class=\"__1 _1bc\"> </span>se estima en 0,8 <span class=\"ff6\">millon<span class=\"__1 _6\"></span>es \u20ac (aproximadamente un<span class=\"__1 _6\"></span> 55% corres<span class=\"__1 _6\"></span>ponder\u00eda a la Alta Direcci\u00f3n<span class=\"__1 _6\"></span>).<span class=\"__1 _6\"></span></span> El <span class=\"__1 _6\"></span>gasto <span class=\"__1 _6\"></span>/ <span class=\"__1 _6\"></span>(ingreso) <span class=\"__1 _6\"></span>devengado <span class=\"__1 _6\"></span>por <span class=\"__1 _6\"></span>este con<span class=\"__1 _6\"></span>cepto <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>los ejercicios <span class=\"__1 _6\"></span>202<span class=\"__1 _6\"></span>3 <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>2022, <span class=\"__1 _6\"></span>detallado <span class=\"__1 _8\"></span>considerando <span class=\"__1 _6\"></span>su<span class=\"__1 _1bc\"> </span>contrapartida <span class=\"__1 _6\"></span>es el siguiente:<span class=\"__1 _1bc\"> </span>De <span class=\"__1 _6\"></span>acuerdo <span class=\"__1 _8\"></span>con <span class=\"__1 _6\"></span>lo <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>revisto <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>Plan, <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>julio <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>2022 <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>e p<span class=\"__1 _6\"></span>rocedi\u00f3 <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>liquidaci\u00f3n <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>el Ciclo <span class=\"__1 _8\"></span>I <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>\u201cPlan <span class=\"__1 _8\"></span>de<span class=\"__1 _1bc\"> </span>Incentivos  a <span class=\"__1 _c8\"> </span>largo <span class=\"__1 _c6\"> </span>p<span class=\"__1 _6\"></span>lazo <span class=\"__1 _c6\"> </span>ENCE <span class=\"__1 _ca\"> </span>Energ\u00eda <span class=\"__1 _c6\"> </span>y <span class=\"__1 _ca\"> </span>Celulosa, <span class=\"__1 _c6\"> </span>S.A.  pa<span class=\"__1 _5\"></span>ra <span class=\"__1 _c6\"> </span>el <span class=\"__1 _ca\"> </span>periodo <span class=\"__1 _c6\"> </span>2019<span class=\"__1 _6\"></span>-20<span class=\"__1 _6\"></span>23, <span class=\"__1 _c6\"> </span>lo <span class=\"__1 _ca\"> </span>que <span class=\"__1 _c6\"> </span>su<span class=\"__1 _6\"></span>puesto <span class=\"__1 _ca\"> </span>la<span class=\"__1 _1bc\"> </span>liquidaci\u00f3n de 279 mil<span class=\"__1 _6\"></span>es \u20ac y 111.983 accion<span class=\"__1 _6\"></span>es de ENCE.<span class=\"__1 _1bc\"> </span>M<span class=\"__1 _70\"></span>i<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>s \u20ac<span class=\"__1 _1bc\"> </span>2023<span class=\"__1 _1bc\"> </span>Otros <span class=\"__1 _70\"></span>i<span class=\"__1 _8\"></span>nstrumentos<span class=\"__1 _6\"></span> de patr<span class=\"__1 _70\"></span>i<span class=\"__1 _6\"></span>mon<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>o neto (N<span class=\"__1 _6\"></span>ota 2<span class=\"__1 _70\"></span>0<span class=\"__1 _70\"></span>.<span class=\"__1 _6\"></span>7<span class=\"__1 _70\"></span>)<span class=\"__1 _ec\"> </span>1<span class=\"__1 _70\"></span>.<span class=\"__1 _6\"></span>2<span class=\"__1 _5\"></span>0<span class=\"__1 _70\"></span>5<span class=\"__1 _1bc\"> </span>Provi<span class=\"__1 _6\"></span>si<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>ne<span class=\"__1 _6\"></span>s a <span class=\"__1 _70\"></span>l<span class=\"__1 _6\"></span>argo <span class=\"__1 _70\"></span>y<span class=\"__1 _6\"></span> c<span class=\"__1 _70\"></span>orto plazo (No<span class=\"__1 _6\"></span>ta <span class=\"__1 _70\"></span>31<span class=\"__1 _70\"></span>)<span class=\"__1 _140\"> </span><span class=\"ls44\">230<span class=\"__1 _1bc\"> </span></span>1<span class=\"__1 _70\"></span>.43<span class=\"__1 _70\"></span>5<span class=\"__1 _1bc\"> </span>M<span class=\"__1 _70\"></span>i<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>s \u20ac<span class=\"__1 _1bc\"> </span>2023<span class=\"__1 _29\"> </span>2022<span class=\"__1 _1bc\"> </span>Otros <span class=\"__1 _70\"></span>i<span class=\"__1 _6\"></span>ns<span class=\"__1 _6\"></span>trumentos de pa<span class=\"__1 _5\"></span>trimoni<span class=\"__1 _6\"></span>o neto (N<span class=\"__1 _6\"></span>ota <span class=\"__1 _70\"></span>20<span class=\"__1 _70\"></span>.7<span class=\"__1 _70\"></span>)<span class=\"__1 _85\"> </span>(2<span class=\"__1 _5\"></span>4<span class=\"__1 _70\"></span>4<span class=\"__1 _5\"></span>)<span class=\"__1 _6d\"> </span><span class=\"ls45\">38<span class=\"__1 _1bc\"> </span></span>Provi<span class=\"__1 _6\"></span>si<span class=\"__1 _6\"></span>one<span class=\"__1 _6\"></span>s a <span class=\"__1 _70\"></span>l<span class=\"__1 _6\"></span>argo <span class=\"__1 _70\"></span>y c<span class=\"__1 _5\"></span>orto <span class=\"__1 _70\"></span>pl<span class=\"__1 _6\"></span>azo (Nota <span class=\"__1 _5\"></span>3<span class=\"__1 _70\"></span>1)<span class=\"__1 _130\"> </span>(10<span class=\"__1 _70\"></span>5<span class=\"__1 _70\"></span>)<span class=\"__1 _6d\"> </span><span class=\"ls45\">19<span class=\"__1 _1bc\"> </span></span>(3<span class=\"__1 _5\"></span>4<span class=\"__1 _70\"></span>9)<span class=\"__1 _a0\"> </span><span class=\"ls45\">57<span class=\"__1 _1bc\"> </span></span>Plan de ince<span class=\"__1 _6\"></span>ntivo a largo plazo para e<span class=\"__1 _6\"></span>l periodo 2021<span class=\"__1 _6\"></span>-<span class=\"ls12\">2025 </span>/ Magn<span class=\"__1 _6\"></span>on Green Energy<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _4\"></span>colectivo <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>lan <span class=\"__1 _4\"></span>al <span class=\"__1 _4\"></span>31 <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>diciembre <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>2023 <span class=\"__1 _4\"></span>lo <span class=\"__1 _4\"></span>f<span class=\"__1 _5\"></span>orman <span class=\"__1 _c8\"> </span><span class=\"ls12\">26</span> <span class=\"__1 _4\"></span>personas, <span class=\"__1 _4\"></span>todas <span class=\"__1 _4\"></span>ellas <span class=\"__1 _4\"></span>integradas <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>ENCE<span class=\"__1 _1bc\"> </span>Renovables, <span class=\"__1 _6\"></span>y el <span class=\"__1 _6\"></span>coste m\u00e1xi<span class=\"__1 _6\"></span>mo <span class=\"__1 _6\"></span>previsto <span class=\"__1 _6\"></span>considerando <span class=\"__1 _6\"></span>un <span class=\"__1 _6\"></span>grado de <span class=\"__1 _6\"></span>consecuci\u00f3n <span class=\"__1 _6\"></span>del 100% <span class=\"__1 _6\"></span>as<span class=\"__1 _6\"></span>ciende a <span class=\"__1 _4\"></span>3.021<span class=\"__1 _1bc\"> </span>miles \u20ac.<span class=\"ff4\"> </span>El <span class=\"__1 _6\"></span>gasto <span class=\"__1 _6\"></span>devengado <span class=\"__1 _6\"></span>por <span class=\"__1 _8\"></span>este concepto <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>ejercicio <span class=\"__1 _8\"></span><span class=\"ff6\">2023 <span class=\"__1 _6\"></span>ha <span class=\"__1 _6\"></span>sido <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>37 <span class=\"__1 _6\"></span>miles \u20ac <span class=\"__1 _6\"></span>(31 <span class=\"__1 _6\"></span>mile<span class=\"__1 _6\"></span>s <span class=\"__1 _6\"></span>\u20ac <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el ejer<span class=\"__1 _6\"></span></span>cicio<span class=\"__1 _1bc\"> </span>2022) <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>pasivo <span class=\"__1 _8\"></span>acumulado <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>dicha <span class=\"__1 _8\"></span>fecha <span class=\"__1 _8\"></span>asciende <span class=\"__1 _8\"></span>a <span class=\"__1 _4\"></span><span class=\"ls12\">11</span>4 <span class=\"__1 _8\"></span><span class=\"ff6\">miles <span class=\"__1 _8\"></span>\u20ac <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>s</span>e <span class=\"__1 _8\"></span>encuentra <span class=\"__1 _8\"></span>recogido <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>ep\u00edgrafe<span class=\"__1 _1bc\"> </span>\u201cProvisiones a<span class=\"__1 _6\"></span> largo plazo\u201d del estad<span class=\"__1 _6\"></span>o de situaci\u00f3n fin<span class=\"__1 _6\"></span>anciera consolidad<span class=\"__1 _6\"></span>o (v\u00e9ase nota 31).<span class=\"__1 _1bc\"> </span>Compromiso a largo p<span class=\"__1 _6\"></span>lazo extraordinario <span class=\"__1 _6\"></span>/ Magnon Green<span class=\"__1 _6\"></span> Energy<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _8\"></span>24 <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>marzo <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>2022 <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>Consejo <span class=\"__1 _4\"></span>Administraci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>Magnon <span class=\"__1 _8\"></span>Green <span class=\"__1 _4\"></span>Energy, <span class=\"__1 _8\"></span>S.L., <span class=\"__1 _4\"></span>aprob\u00f3 <span class=\"__1 _4\"></span><span class=\"ls14\">un <span class=\"__1 _8\"></span></span>incentivo <span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span>largo plazo dirigido a determinados empleados clave de la S<span class=\"__1 _5\"></span>ociedad. El incentivo permite a los benefici<span class=\"__1 _5\"></span>arios<span class=\"__1 _1bc\"> </span>percibir <span class=\"__1 _6\"></span>una <span class=\"__1 _6\"></span>retribuci\u00f3n <span class=\"__1 _6\"></span>extraordinaria <span class=\"__1 _8\"></span>pagadera <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>met\u00e1lico <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>vinculada <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>rentabilidad <span class=\"__1 _6\"></span>obtenida <span class=\"__1 _6\"></span>por <span class=\"__1 _6\"></span>los<span class=\"__1 _1bc\"> </span>accionistas entre el 18 <span class=\"__1 _5\"></span>de diciembre <span class=\"__1 _5\"></span>de 2020 y e<span class=\"__1 _5\"></span>l 18 de <span class=\"__1 _5\"></span>diciembre <span class=\"__1 _5\"></span>de 2028. Este incentivo se liquid<span class=\"__1 _5\"></span>ar\u00e1 en los<span class=\"__1 _1bc\"> </span>90 d\u00edas siguientes<span class=\"__1 _6\"></span> a la fecha de aprob<span class=\"__1 _6\"></span>aci\u00f3n de<span class=\"__1 _6\"></span> las cuentas<span class=\"__1 _6\"></span> anuales del ejercicio 2028.<span class=\"__1 _1bc\"> </span>Son <span class=\"__1 _4\"></span>requisitos <span class=\"__1 _4\"></span>im<span class=\"__1 _5\"></span>prescindibles <span class=\"__1 _4\"></span>para <span class=\"__1 _4\"></span>su <span class=\"__1 _8\"></span>devengo <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>consecuci\u00f3n <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>u<span class=\"__1 _6\"></span>na <span class=\"__1 _4\"></span>tasa <span class=\"__1 _8\"></span>in<span class=\"__1 _6\"></span>terna <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>rentabilidad <span class=\"__1 _4\"></span>(TIR)<span class=\"__1 _1bc\"> </span>m\u00ednima <span class=\"__1 _4\"></span>para <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>accionista <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>10%, <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>bene<span class=\"__1 _6\"></span>ficiario <span class=\"__1 _4\"></span>man<span class=\"__1 _6\"></span>tenga <span class=\"__1 _4\"></span>una <span class=\"__1 _4\"></span>relaci\u00f3n <span class=\"__1 _4\"></span>laboral <span class=\"__1 _4\"></span>o <span class=\"__1 _4\"></span>mercantil <span class=\"__1 _4\"></span>con<span class=\"__1 _1bc\"> </span>Magnon has<span class=\"__1 _6\"></span>ta la fecha de pago<span class=\"__1 _6\"></span>, con las salvedad<span class=\"__1 _6\"></span>es habituales para este tipo<span class=\"__1 _6\"></span> de incentivos<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _ca\"> </span>colectivo <span class=\"__1 _ca\"> </span>del  plan <span class=\"__1 _c6\"> </span>al  31 <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _ca\"> </span>diciembre  de <span class=\"__1 _c6\"> </span>2023<span class=\"__1 _6\"></span> <span class=\"__1 _ca\"> </span>lo <span class=\"__1 _ca\"> </span>forman  5  personas, <span class=\"__1 _ca\"> </span>y <span class=\"__1 _ca\"> </span>el  coste <span class=\"__1 _c6\"> </span>m\u00e1ximo<span class=\"__1 _6\"></span> <span class=\"__1 _ca\"> </span>previsto,<span class=\"__1 _1bc\"> </span>considerando u<span class=\"__1 _6\"></span>n grado de consecuci\u00f3n<span class=\"__1 _6\"></span> del 100%, asciende a <span class=\"__1 _8\"></span>4.938 <span class=\"ff6\">miles \u20ac.</span> El <span class=\"__1 _c8\"></span>gasto <span class=\"__1 _c8\"></span>/ <span class=\"__1 _4\"></span>(ingres<span class=\"__1 _6\"></span>o) <span class=\"__1 _c8\"></span>devengad<span class=\"__1 _6\"></span>o <span class=\"__1 _c8\"></span>por <span class=\"__1 _c8\"></span>este <span class=\"__1 _4\"></span>concepto<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>en <span class=\"__1 _c8\"></span>el <span class=\"__1 _c8\"> </span>ejercicio <span class=\"__1 _c8\"></span>2023<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>ha <span class=\"__1 _c8\"> </span>sido<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>n<span class=\"__1 _6\"></span>ulo <span class=\"__1 _c8\"></span>as\u00ed <span class=\"__1 _c8\"> </span>como <span class=\"__1 _c8\"></span>el <span class=\"__1 _c8\"></span>pasivo<span class=\"__1 _1bc\"> </span>acumulado a d<span class=\"__1 _6\"></span>icha fecha. 12.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Otros gastos de explotaci\u00f3n<span class=\"__1 _1bc\"> </span></span></span>El detalle <span class=\"__1 _70\"></span>de este e<span class=\"__1 _5\"></span>p\u00edgrafe del Estado <span class=\"__1 _5\"></span>de Re<span class=\"__1 _5\"></span>sultado consolidado de <span class=\"__1 _5\"></span>los ejercicios <span class=\"__1 _70\"></span>2023 y 2022 <span class=\"__1 _5\"></span>en los distintos<span class=\"__1 _1bc\"> </span>negocios desarrollad<span class=\"__1 _6\"></span>os por ENCE es el s<span class=\"__1 _6\"></span>iguiente:<span class=\"__1 _1bc\"> </span>(*) <span class=\"__1 _bd\"> </span><span class=\"ff6\">La diferencia entre la informaci\u00f3n del<span class=\"__1 _5\"></span> \u201cGrupo Consolidado\u201d al 31 de diciembre de<span class=\"__1 _5\"></span> 2023 y 2022 y la agregaci\u00f3n de<span class=\"__1 _1bc\"> </span></span>los <span class=\"__1 _70\"></span>negocios \u201c<span class=\"__1 _5\"></span>Celulosa\u201d <span class=\"__1 _70\"></span>y \u201c<span class=\"__1 _5\"></span>Energ\u00eda <span class=\"__1 _70\"></span>R<span class=\"__1 _6\"></span>enovable\u201d <span class=\"__1 _70\"></span>se <span class=\"__1 _70\"></span>co<span class=\"__1 _6\"></span>rresponde <span class=\"__1 _70\"></span>con <span class=\"__1 _5\"></span>eliminacio<span class=\"ff4\">nes <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>operaciones <span class=\"__1 _5\"></span>efectuadas <span class=\"__1 _70\"></span>entre<span class=\"__1 _1bc\"> </span></span>dichos negocios en 2023 y 2022 por 1.220 miles \u20ac y 1.211 miles \u20ac, respe<span class=\"__1 _5\"></span>ctivamente.<span class=\"__1 _1bc\"> </span>12.1<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Servicios exteriores<span class=\"__1 _1bc\"> </span></span></span>El desglose por <span class=\"__1 _6\"></span>conceptos del gasto d<span class=\"__1 _6\"></span>e servicios exteriores de los<span class=\"__1 _6\"></span> ejercicios 2023 y 2022 es<span class=\"__1 _6\"></span> el siguiente:<span class=\"__1 _1bc\"> </span>Se<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>vi<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span> exte<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s 14<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.28<span class=\"__1 _6\"></span>8 <span class=\"__1 _125\"> </span> 6<span class=\"__1 _6\"></span>6.8<span class=\"__1 _6\"></span>94<span class=\"__1 _6\"></span> <span class=\"__1 _33\"> </span> 21<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.96<span class=\"__1 _6\"></span>2 <span class=\"__1 _12\"> </span> 18<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.59<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span> <span class=\"__1 _fc\"> </span> 7<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.46<span class=\"__1 _6\"></span>6 <span class=\"__1 _33\"> </span> 2<span class=\"__1 _6\"></span>53<span class=\"__1 _6\"></span>.84<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span>Cons<span class=\"__1 _8\"></span>umo de<span class=\"__1 _5\"></span>rech<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> de e<span class=\"__1 _70\"></span>mi<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>\u00f3<span class=\"__1 _6\"></span>n 8.3<span class=\"__1 _6\"></span>44<span class=\"__1 _6\"></span> <span class=\"__1 _5a\"> </span> 3<span class=\"__1 _6\"></span>.28<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _fc\"> </span> 1<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.63<span class=\"__1 _6\"></span>2 <span class=\"__1 _1f\"> </span> 7.83<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _5a\"> </span> 2<span class=\"__1 _6\"></span>.81<span class=\"__1 _6\"></span>4 <span class=\"__1 _125\"> </span> 10<span class=\"__1 _6\"></span>.65<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>Tri<span class=\"__1 _8\"></span>butos 2.9<span class=\"__1 _6\"></span>93<span class=\"__1 _6\"></span> <span class=\"__1 _5a\"> </span> 2<span class=\"__1 _6\"></span>.02<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span> <span class=\"__1 _5a\"> </span> 5<span class=\"__1 _6\"></span>.01<span class=\"__1 _6\"></span>4 <span class=\"__1 _1f\"> </span> 2.16<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _5a\"> </span> 2<span class=\"__1 _6\"></span>.84<span class=\"__1 _6\"></span>2 <span class=\"__1 _59\"> </span> 5.0<span class=\"__1 _6\"></span>04<span class=\"__1 _1bc\"> </span>Var<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n d<span class=\"__1 _6\"></span>e l<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> pr<span class=\"__1 _6\"></span>ovi<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ones <span class=\"__1 _6\"></span>de t<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>\u00e1<span class=\"__1 _8\"></span>fi<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>y otros<span class=\"__1 _1bc\"> </span>           <span class=\"ls0_1\"> <span class=\"__1 _ec\"> </span> 12<span class=\"__1 _6\"></span>6 <span class=\"__1 _53\"> </span>(38<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>) <span class=\"__1 _141\"></span><span class=\"ls46\">           <span class=\"ls0_1\"> <span class=\"__1 _da\"> </span>(2<span class=\"__1 _6\"></span>27<span class=\"__1 _6\"></span>) <span class=\"__1 _141\"></span><span class=\"ls46\">           <span class=\"ls0_1\"> <span class=\"__1 _85\"> </span> 86<span class=\"__1 _6\"></span> <span class=\"__1 _e6\"> </span>(1<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>) <span class=\"__1 _141\"></span><span class=\"ls46\">           <span class=\"ls0_1\"> </span></span></span></span></span></span></span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> ga<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>tos<span class=\"__1 _6\"></span> n<span class=\"__1 _6\"></span>o or<span class=\"__1 _6\"></span>di<span class=\"__1 _8\"></span>na<span class=\"__1 _8\"></span>ri<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span> de l<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> op<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> (Not<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span> 3<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>)<span class=\"__1 _18\"> </span> 6<span class=\"__1 _6\"></span>19<span class=\"__1 _6\"></span> <span class=\"__1 _8b\"> </span> 40<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _5a\"> </span> 1<span class=\"__1 _6\"></span>.02<span class=\"__1 _6\"></span>8 <span class=\"__1 _41\"> </span> 21<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _ed\"> </span><span class=\"ls47\">- <span class=\"__1 _142\"></span><span class=\"ls46\">                  <span class=\"ls0_1\"> <span class=\"__1 _7e\"> </span> 21<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>0</span></span></span> 15<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.733<span class=\"__1 _6\"></span> <span class=\"__1 _125\"> </span> 72<span class=\"__1 _6\"></span>.738<span class=\"__1 _6\"></span> <span class=\"__1 _33\"> </span> 23<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.251<span class=\"__1 _6\"></span> <span class=\"__1 _12\"> </span> 21<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.366<span class=\"__1 _6\"></span> <span class=\"__1 _125\"> </span> 78<span class=\"__1 _6\"></span>.208<span class=\"__1 _6\"></span> <span class=\"__1 _33\"> </span> 29<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.363<span class=\"__1 _1bc\"> </span>31/12/2023<span class=\"__1 _1bc\"> </span>31/12/2022<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de e<span class=\"__1 _70\"></span>ur<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Ce<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span>a<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>nova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _1bc\"> </span>Grupo<span class=\"__1 _1bc\"> </span>Cons<span class=\"__1 _8\"></span>ol<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>da<span class=\"__1 _6\"></span>do<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Ce<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span>a<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>nova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _1bc\"> </span>Grupo<span class=\"__1 _1bc\"> </span>Cons<span class=\"__1 _8\"></span>ol<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>da<span class=\"__1 _6\"></span>d<span class=\"__1 _1bc\"> </span>o <span class=\"ff4\"> (*) <span class=\"__1 _bf\"></span><span class=\"ff6\">La <span class=\"__1 _6\"></span>diferencia <span class=\"__1 _6\"></span>entre <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>informaci\u00f3n <span class=\"__1 _8\"></span>del \u201cGru<span class=\"__1 _6\"></span>po <span class=\"__1 _6\"></span>Consolidado\u201d <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>31 <span class=\"__1 _8\"></span>de diciembre <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>2023 <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>2022 <span class=\"__1 _8\"></span>y <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>agregaci\u00f3n <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span></span></span>los negocios \u201cCelulosa\u201d y <span class=\"__1 _6\"></span>\u201cEnerg\u00eda <span class=\"__1 _6\"></span>Renovable\u201d se corresponde con<span class=\"__1 _6\"></span> eliminaciones de <span class=\"__1 _6\"></span>operaciones efectuadas <span class=\"__1 _6\"></span>entre<span class=\"__1 _1bc\"> </span>dichos negocios en 2023 y 20<span class=\"ff6\">22 por 1.220 miles \u20ac y 1.211 miles \u20ac, respectivamente<span class=\"__1 _5\"></span>.<span class=\"__1 _1bc\"> </span></span>Las biof\u00e1bricas<span class=\"__1 _6\"></span> de ENCE <span class=\"__1 _6\"></span>Celulosa han p<span class=\"__1 _6\"></span>asado en 2023 de un r<span class=\"__1 _6\"></span>\u00e9gimen energ\u00e9tico en el qu<span class=\"__1 _6\"></span>e se vende toda <span class=\"__1 _6\"></span>la<span class=\"__1 _1bc\"> </span>energ\u00eda producida y se adquiere la energ\u00eda necesaria para el proceso, a un r\u00e9gimen en el que s\u00f3lo<span class=\"__1 _6\"></span> se vende<span class=\"__1 _1bc\"> </span>el <span class=\"__1 _70\"></span>ex<span class=\"__1 _6\"></span>cedente e<span class=\"__1 _5\"></span>ntre lo <span class=\"__1 _70\"></span>generado<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>y <span class=\"__1 _5\"></span>lo <span class=\"__1 _70\"></span>con<span class=\"__1 _6\"></span>sumido. Este <span class=\"__1 _5\"></span>cambio explica <span class=\"__1 _5\"></span>en <span class=\"__1 _70\"></span>gran<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>parte <span class=\"__1 _5\"></span>la <span class=\"__1 _5\"></span>reducci\u00f3n en <span class=\"__1 _70\"></span>los costes<span class=\"__1 _1bc\"> </span>recogidos en la cuenta \u201c<span class=\"__1 _6\"></span>suministros<span class=\"__1 _6\"></span>\u201d respecto al ejercicio anterior.<span class=\"__1 _1bc\"> </span>ENCE <span class=\"__1 _70\"></span>tiene contratado <span class=\"__1 _70\"></span>un <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>eguro <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>responsabilidad civil <span class=\"__1 _70\"></span>que <span class=\"__1 _70\"></span>cub<span class=\"__1 _6\"></span>re <span class=\"__1 _70\"></span>a <span class=\"__1 _5\"></span>todos <span class=\"__1 _5\"></span>sus <span class=\"__1 _70\"></span>administradores <span class=\"__1 _5\"></span>y <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>irectivos<span class=\"__1 _1bc\"> </span>por <span class=\"__1 _6\"></span>da\u00f1<span class=\"__1 _6\"></span>os <span class=\"__1 _6\"></span>ocasionados <span class=\"__1 _8\"></span>por <span class=\"__1 _6\"></span>actos <span class=\"__1 _6\"></span>u <span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>misiones <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>ejercicio <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>su <span class=\"__1 _6\"></span>cargo. <span class=\"__1 _6\"></span>Su <span class=\"__1 _8\"></span>coste <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>2023 <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>2022 <span class=\"__1 _6\"></span>ha <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>ido<span class=\"__1 _1bc\"> </span>de 94 miles \u20ac. 12.2<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Honorarios de auditor\u00eda<span class=\"__1 _1bc\"> </span></span></span>La <span class=\"__1 _5\"></span>firma <span class=\"__1 _70\"></span>qu<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>h<span class=\"__1 _6\"></span>a <span class=\"__1 _5\"></span>auditado las <span class=\"__1 _70\"></span>cuentas de <span class=\"__1 _70\"></span>las <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>ociedades que <span class=\"__1 _70\"></span>con<span class=\"__1 _6\"></span>forman <span class=\"__1 _5\"></span>el <span class=\"__1 _70\"></span>Grupo ENCE <span class=\"__1 _5\"></span>(v\u00e9ase <span class=\"__1 _5\"></span>Anexo <span class=\"__1 _5\"></span>I) <span class=\"__1 _5\"></span>en 2023<span class=\"__1 _1bc\"> </span>y 2022 ha sido<span class=\"__1 _6\"></span> KPMG Auditores, S.L.<span class=\"__1 _1bc\"> </span>Durante <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>ejercicios <span class=\"__1 _8\"></span>2023 <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>2022, <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>h<span class=\"__1 _6\"></span>onorarios <span class=\"__1 _8\"></span>relativos <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>servicios <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>audito<span class=\"__1 _6\"></span>r\u00eda <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>cuentas <span class=\"__1 _8\"></span>y <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>otros<span class=\"__1 _1bc\"> </span>servicios prestad<span class=\"__1 _6\"></span>os por el auditor o por empresas<span class=\"__1 _6\"></span> vinculadas a<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span> auditor han s<span class=\"__1 _6\"></span>ido los siguientes:<span class=\"__1 _1bc\"> </span>Los <span class=\"__1 _cb\"> </span>\u00fanicos  servicios  presta<span class=\"__1 _6\"></span>dos  por <span class=\"__1 _cb\"> </span>el  auditor<span class=\"__1 _6\"></span>  en <span class=\"__1 _cb\"> </span>2023,  relacionados <span class=\"__1 _cb\"> </span>con  los <span class=\"__1 _cb\"> </span>servici<span class=\"__1 _5\"></span>os <span class=\"__1 _cb\"> </span>de  auditor\u00eda,  s<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span>corresponden <span class=\"__1 _6\"></span>con <span class=\"__1 _6\"></span>servicios <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>revisi\u00f3n <span class=\"__1 _6\"></span>sobre <span class=\"__1 _6\"></span>ratios <span class=\"__1 _6\"></span>financieros <span class=\"__1 _6\"></span>para <span class=\"__1 _6\"></span>atender <span class=\"__1 _6\"></span>a las <span class=\"__1 _6\"></span>obligacion<span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>recogidas <span class=\"__1 _6\"></span>en<span class=\"__1 _1bc\"> </span>los <span class=\"__1 _c6\"> </span>contratos<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>financiaci\u00f3n<span class=\"__1 _6\"></span>, <span class=\"__1 _c6\"> </span>serv<span class=\"__1 _6\"></span>icios <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>verificaci\u00f3n <span class=\"__1 _c6\"> </span>de<span class=\"__1 _6\"></span>l <span class=\"__1 _c6\"> </span>sis<span class=\"__1 _6\"></span>tema <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>control <span class=\"__1 _c6\"> </span>in<span class=\"__1 _6\"></span>terno <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c6\"> </span>infor<span class=\"__1 _6\"></span>maci\u00f3n<span class=\"__1 _1bc\"> </span>financiera <span class=\"__1 _c8\"></span><span class=\"ls16\">y <span class=\"__1 _4\"></span></span>s<span class=\"__1 _6\"></span>ervicios <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>r<span class=\"__1 _6\"></span>evisi\u00f3n <span class=\"__1 _c8\"> </span>de<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>eterminadas <span class=\"__1 _c8\"></span>magnitud<span class=\"__1 _6\"></span>es <span class=\"__1 _c8\"></span>financieras <span class=\"__1 _c8\"></span>para <span class=\"__1 _c8\"></span>acreditar <span class=\"__1 _c8\"></span>la <span class=\"__1 _c8\"></span>condici\u00f3n <span class=\"__1 _c8\"></span>de<span class=\"__1 _1bc\"> </span>consumidor <span class=\"__1 _6\"></span>electrointensivo<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>as\u00ed como <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>periodo <span class=\"__1 _6\"></span>medio d<span class=\"__1 _6\"></span>e p<span class=\"__1 _6\"></span>ago legal <span class=\"__1 _8\"></span>en varias<span class=\"__1 _6\"></span> insta<span class=\"__1 _6\"></span>laciones del <span class=\"__1 _6\"></span>Grupo<span class=\"__1 _6\"></span>. Por<span class=\"__1 _1bc\"> </span>su <span class=\"__1 _8\"></span>parte <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>apartad<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>\u201c<span class=\"__1 _6\"></span>Otros <span class=\"__1 _8\"></span>servicios\u201d <span class=\"__1 _8\"></span>incluye <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>rincipalmente <span class=\"__1 _4\"></span><span class=\"ff4\">servicios <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>verificaci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>informaci\u00f3n <span class=\"__1 _8\"></span>no<span class=\"__1 _1bc\"> </span></span>financiera<span class=\"ls17\">. </span>Tra<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>te<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>, fl<span class=\"__1 _6\"></span>ete<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> y c<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span>te<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> c<span class=\"__1 _6\"></span>ome<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _1b\"> </span><span class=\"ls49\">            6<span class=\"__1 _6\"></span>2.55<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              3.26<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>            6<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.817<span class=\"__1 _6\"></span> <span class=\"__1 _126\"> </span>            6<span class=\"__1 _6\"></span>2.51<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              2.39<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>            6<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>.902<span class=\"__1 _1bc\"> </span></span>Sumi<span class=\"__1 _6\"></span>ni<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>tros<span class=\"__1 _13a\"> </span><span class=\"ls49\">            12<span class=\"__1 _6\"></span>.17<span class=\"__1 _6\"></span>7 <span class=\"__1 _cd\"> </span>              5<span class=\"__1 _6\"></span>.14<span class=\"__1 _6\"></span>7 <span class=\"__1 _c9\"> </span>            17<span class=\"__1 _6\"></span>.134<span class=\"__1 _6\"></span> <span class=\"__1 _126\"> </span>            5<span class=\"__1 _6\"></span>6.39<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              6.82<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>            6<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.970<span class=\"__1 _1bc\"> </span></span>Re<span class=\"__1 _5\"></span>pa<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>nes<span class=\"__1 _6\"></span> y c<span class=\"__1 _6\"></span>ons<span class=\"__1 _8\"></span>erva<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3<span class=\"__1 _6\"></span>n<span class=\"__1 _44\"> </span><span class=\"ls49\">            16<span class=\"__1 _6\"></span>.92<span class=\"__1 _6\"></span>6 <span class=\"__1 _c9\"> </span>            22<span class=\"__1 _6\"></span>.22<span class=\"__1 _6\"></span>5 <span class=\"__1 _c9\"> </span>            39<span class=\"__1 _6\"></span>.15<span class=\"__1 _6\"></span>1 <span class=\"__1 _126\"> </span>            1<span class=\"__1 _6\"></span>6.22<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>            2<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>.914<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>            41<span class=\"__1 _6\"></span>.138<span class=\"__1 _1bc\"> </span></span>Se<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>vi<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de profes<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>ndepe<span class=\"__1 _5\"></span>ndi<span class=\"__1 _8\"></span>ent<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _129\"> </span><span class=\"ls49\">              5<span class=\"__1 _6\"></span>.53<span class=\"__1 _6\"></span>1 <span class=\"__1 _cd\"> </span>              2<span class=\"__1 _6\"></span>.15<span class=\"__1 _6\"></span>2 <span class=\"__1 _cd\"> </span>              7<span class=\"__1 _6\"></span>.68<span class=\"__1 _6\"></span>3 <span class=\"__1 _33\"> </span>              4.98<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              2.90<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              7.89<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span></span>Pr<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>mas<span class=\"__1 _8\"></span> de s<span class=\"__1 _6\"></span>eguros<span class=\"__1 _13b\"> </span><span class=\"ls49\">              4.93<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              3.71<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              8.64<span class=\"__1 _6\"></span>3 <span class=\"__1 _33\"> </span>              4<span class=\"__1 _6\"></span>.388<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              3<span class=\"__1 _6\"></span>.578<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              7<span class=\"__1 _6\"></span>.966<span class=\"__1 _1bc\"> </span></span>Se<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>vi<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>ba<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span> y s<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>m<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>es<span class=\"__1 _98\"> </span><span class=\"ls49\">              2.33<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                 66<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>              3.00<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span> <span class=\"__1 _33\"> </span>              1.067<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                 8<span class=\"__1 _6\"></span>11<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>              1<span class=\"__1 _6\"></span>.878<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>rr<span class=\"__1 _6\"></span>enda<span class=\"__1 _6\"></span>mi<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>ntos<span class=\"__1 _6\"></span> y c<span class=\"__1 _6\"></span>\u00e1<span class=\"__1 _8\"></span>non<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span> (<span class=\"__1 _6\"></span>Not<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span> 1<span class=\"__1 _6\"></span>7.3)<span class=\"__1 _ec\"> </span><span class=\"ls49\">                 6<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>8 <span class=\"__1 _cf\"> </span>                 2<span class=\"__1 _6\"></span>64<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>                 9<span class=\"__1 _6\"></span>42<span class=\"__1 _6\"></span> <span class=\"__1 _20\"> </span>                 57<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>                 20<span class=\"__1 _6\"></span>2 <span class=\"__1 _cf\"> </span>                 7<span class=\"__1 _6\"></span>74<span class=\"__1 _1bc\"> </span></span>Pub<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>da<span class=\"__1 _8\"></span>d, pr<span class=\"__1 _6\"></span>opa<span class=\"__1 _8\"></span>ga<span class=\"__1 _6\"></span>nda<span class=\"__1 _8\"></span> y r<span class=\"__1 _6\"></span>el<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span> p\u00fabl<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> <span class=\"__1 _83\"> </span><span class=\"ls49\">              3<span class=\"__1 _6\"></span>.812<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                 1<span class=\"__1 _6\"></span>58<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>              3<span class=\"__1 _6\"></span>.970<span class=\"__1 _6\"></span> <span class=\"__1 _33\"> </span>              1.02<span class=\"__1 _6\"></span>9 <span class=\"__1 _cd\"> </span>                 1<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>9 <span class=\"__1 _cf\"> </span>              1<span class=\"__1 _6\"></span>.14<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span></span>Ga<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>tos<span class=\"__1 _8\"></span> de i<span class=\"__1 _6\"></span>nv<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span>ti<span class=\"__1 _8\"></span>ga<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n y d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>ol<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>o<span class=\"__1 _52\"> </span><span class=\"ls49\">                 15<span class=\"__1 _6\"></span>5 <span class=\"__1 _cf\"> </span>                      7<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                 16<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _33\"> </span>                    72<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _4\"> </span>                    7<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span></span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> s<span class=\"__1 _6\"></span>ervi<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>os<span class=\"__1 _f8\"> </span><span class=\"ls49\">            38.18<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>            2<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>.298<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>            6<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.457<span class=\"__1 _6\"></span> <span class=\"__1 _126\"> </span>            3<span class=\"__1 _6\"></span>5.35<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>            3<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.722<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>            65<span class=\"__1 _6\"></span>.104</span>  1<span class=\"__1 _6\"></span>47<span class=\"__1 _6\"></span>.28<span class=\"__1 _6\"></span>8 <span class=\"__1 _6\"></span>  <span class=\"__1 _126\"> </span>  6<span class=\"__1 _6\"></span>6.89<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>   <span class=\"__1 _124\"> </span> <span class=\"__1 _6\"></span> 21<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.96<span class=\"__1 _6\"></span>2   <span class=\"__1 _108\"> </span>  1<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>59<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>   <span class=\"__1 _126\"> </span>  <span class=\"__1 _6\"></span>72<span class=\"__1 _6\"></span>.46<span class=\"__1 _6\"></span>6 <span class=\"__1 _6\"></span>  <span class=\"__1 _124\"> </span>  2<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>84<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> 31/12/2022<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de e<span class=\"__1 _5\"></span>ur<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Ce<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>nova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _1bc\"> </span>Grup<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>c<span class=\"__1 _6\"></span>ons<span class=\"__1 _8\"></span>ol<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>da<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Ce<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>nova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _1bc\"> </span>31/12/2023<span class=\"__1 _1bc\"> </span>Grup<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>c<span class=\"__1 _6\"></span>ons<span class=\"__1 _8\"></span>ol<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>da<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>M<span class=\"__1 _5\"></span>il<span class=\"__1 _70\"></span>e<span class=\"__1 _6\"></span>s \u20ac<span class=\"__1 _b8\"> </span><span class=\"ff3_1 ls4b\">2023<span class=\"__1 _18\"> </span>2022<span class=\"__1 _1bc\"> </span></span>Se<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _4\"></span>os<span class=\"__1 _8\"></span> de<span class=\"__1 _5\"></span> a<span class=\"__1 _8\"></span>udi<span class=\"__1 _4\"></span>t<span class=\"__1 _70\"></span>or<span class=\"__1 _6\"></span>\u00eda<span class=\"__1 _10d\"> </span><span class=\"ls4b\">235<span class=\"__1 _a\"> </span>235<span class=\"__1 _1bc\"> </span></span>Se<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _4\"></span>os<span class=\"__1 _8\"></span> r<span class=\"__1 _6\"></span>e<span class=\"__1 _70\"></span>l<span class=\"__1 _4\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _4\"></span>ona<span class=\"__1 _8\"></span>dos<span class=\"__1 _8\"></span> c<span class=\"__1 _8\"></span>on l<span class=\"__1 _4\"></span>a<span class=\"__1 _6\"></span> a<span class=\"__1 _8\"></span>udi<span class=\"__1 _4\"></span>t<span class=\"__1 _70\"></span>or<span class=\"__1 _8\"></span>\u00eda<span class=\"__1 _10c\"> </span><span class=\"ls4b\">25<span class=\"__1 _79\"> </span>13<span class=\"__1 _1bc\"> </span></span>Otr<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> s<span class=\"__1 _8\"></span>ervi<span class=\"__1 _4\"></span>ci<span class=\"__1 _4\"></span>os<span class=\"__1 _13c\"> </span><span class=\"ls4b\">56<span class=\"__1 _3f\"> </span>43<span class=\"__1 _1bc\"> </span></span>13.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Gastos e ingresos financieros<span class=\"__1 _1bc\"> </span></span></span>El <span class=\"__1 _4\"></span>detalle <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>estos <span class=\"__1 _8\"></span>ep\u00edgrafes <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>Estad<span class=\"__1 _6\"></span>o <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>Resultado <span class=\"__1 _8\"></span>Consolida<span class=\"__1 _6\"></span>do <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>los <span class=\"__1 _4\"></span>ejerci<span class=\"__1 _5\"></span>cios <span class=\"__1 _4\"></span>2023 <span class=\"__1 _8\"></span>y <span class=\"__1 _4\"></span>2022 <span class=\"__1 _8\"></span>es <span class=\"__1 _4\"></span>como<span class=\"__1 _1bc\"> </span>sigue:<span class=\"__1 _1bc\"> </span>La cuenta <span class=\"__1 _6\"></span>\u201cOtros<span class=\"__1 _6\"></span> ingresos <span class=\"__1 _6\"></span>finan<span class=\"__1 _6\"></span>cieros\u201d recog<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span><span class=\"ff4\">principal<span class=\"__1 _6\"></span>mente la <span class=\"__1 _6\"></span>remunerac<span class=\"__1 _6\"></span>i\u00f3n o<span class=\"__1 _6\"></span>btenida <span class=\"__1 _6\"></span>de los<span class=\"__1 _6\"></span> excedentes<span class=\"__1 _6\"></span> de<span class=\"__1 _1bc\"> </span></span>tesorer\u00eda.<span class=\"__1 _1bc\"> </span>Tot<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _bb\"> </span>Total<span class=\"__1 _1bc\"> </span>Ga<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>tos<span class=\"__1 _8\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>ro<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>-<span class=\"__1 _1bc\"> </span>Bono Co<span class=\"__1 _6\"></span>nverti<span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _13d\"> </span><span class=\"ls4c\">                (19<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>)<span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _6\"></span>                (1<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>3)<span class=\"__1 _c7\"> </span>            (2<span class=\"__1 _6\"></span>.28<span class=\"__1 _6\"></span>5)<span class=\"__1 _2a\"> </span>                     -   <span class=\"__1 _4\"> </span>            (2.28<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>Ob<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>ga<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span> / Not<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _13e\"> </span><span class=\"ls4c\">                     -   <span class=\"__1 _4\"> </span>            (5.46<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (5.46<span class=\"__1 _6\"></span>0)<span class=\"__1 _106\"> </span>                     -   <span class=\"__1 _c8\"> </span>            (3.09<span class=\"__1 _6\"></span>1)<span class=\"__1 _cf\"> </span>            (3<span class=\"__1 _6\"></span>.091<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>Pr<span class=\"__1 _6\"></span>\u00e9s<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>mos<span class=\"__1 _6\"></span>, l<span class=\"__1 _6\"></span>\u00edn<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> de cr<span class=\"__1 _6\"></span>\u00e9di<span class=\"__1 _6\"></span>to y o<span class=\"__1 _6\"></span>tros<span class=\"__1 _11c\"> </span><span class=\"ls4c\">          (1<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.882<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (3.52<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (20<span class=\"__1 _6\"></span>.40<span class=\"__1 _6\"></span>2)<span class=\"__1 _bd\"> </span>            (3<span class=\"__1 _6\"></span>.453<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (2.25<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (5.70<span class=\"__1 _6\"></span>9)<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>tua<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>za<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _6\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _8\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span> Va<span class=\"__1 _6\"></span>j<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>m y ot<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> (Not<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>23<span class=\"__1 _6\"></span> y 2<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>)<span class=\"__1 _cc\"> </span><span class=\"ls4c\">            (3<span class=\"__1 _6\"></span>.55<span class=\"__1 _6\"></span>5)<span class=\"__1 _cf\"> </span>            (5<span class=\"__1 _6\"></span>.598<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (9.15<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>)<span class=\"__1 _b7\"> </span>            (2<span class=\"__1 _6\"></span>.64<span class=\"__1 _6\"></span>2)<span class=\"__1 _cf\"> </span>            (6<span class=\"__1 _6\"></span>.215<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (8.85<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>Comi<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> y otr<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> ga<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>os<span class=\"__1 _13f\"> </span><span class=\"ls4c\">            (1.28<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)<span class=\"__1 _ce\"> </span>            (1<span class=\"__1 _6\"></span>.47<span class=\"__1 _6\"></span>1)<span class=\"__1 _cf\"> </span>            (2<span class=\"__1 _6\"></span>.751<span class=\"__1 _6\"></span>)<span class=\"__1 _bd\"> </span>            (1.76<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (2.44<span class=\"__1 _6\"></span>9)<span class=\"__1 _cf\"> </span>            (4<span class=\"__1 _6\"></span>.211<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>Ca<span class=\"__1 _6\"></span>pi<span class=\"__1 _8\"></span>ta<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>za<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> ga<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>tos<span class=\"__1 _6\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _8\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>ro<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> (N<span class=\"__1 _5\"></span>ota<span class=\"__1 _6\"></span> 1<span class=\"__1 _6\"></span>8)<span class=\"__1 _8b\"> </span><span class=\"ls4c\">                 3<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>6 <span class=\"__1 _cf\"> </span>                      9<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                 32<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _b7\"> </span>                 2<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>7 <span class=\"__1 _cd\"> </span>                    2<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                 27<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span></span>Re<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>tado<span class=\"__1 _6\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>o i<span class=\"__1 _8\"></span>ntra<span class=\"__1 _8\"></span>-neg<span class=\"__1 _5\"></span>oc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _de\"> </span><span class=\"ls4c\">                 78<span class=\"__1 _6\"></span>7 <span class=\"__1 _c9\"> </span>                (78<span class=\"__1 _6\"></span>7)<span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _5c\"> </span>              1.02<span class=\"__1 _6\"></span>2 <span class=\"__1 _c9\"> </span>            (1.02<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>)<span class=\"__1 _d0\"> </span>                     -  </span>De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>hos<span class=\"__1 _8\"></span> de us<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>br<span class=\"__1 _6\"></span>e ac<span class=\"__1 _6\"></span>ti<span class=\"__1 _8\"></span>vos<span class=\"__1 _8\"></span> (Not<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span> 1<span class=\"__1 _6\"></span>7)<span class=\"__1 _e\"> </span><span class=\"ls4c\">            (2.27<span class=\"__1 _6\"></span>4)<span class=\"__1 _cd\"> </span>                  (9<span class=\"__1 _6\"></span>0)<span class=\"__1 _cf\"> </span>            (2<span class=\"__1 _6\"></span>.364<span class=\"__1 _6\"></span>)<span class=\"__1 _bd\"> </span>            (1.92<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>                  (51<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (1.97<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>)</span>          (23<span class=\"__1 _6\"></span>.08<span class=\"__1 _6\"></span>1)<span class=\"__1 _cd\"> </span>          (1<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.917<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (39<span class=\"__1 _6\"></span>.99<span class=\"__1 _6\"></span>8)<span class=\"__1 _c7\"> </span>          (1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.800<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (1<span class=\"__1 _6\"></span>5.05<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (25<span class=\"__1 _6\"></span>.85<span class=\"__1 _6\"></span>9)<span class=\"__1 _1bc\"> </span>I<span class=\"__1 _6\"></span>ngr<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>ro<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>-<span class=\"__1 _1bc\"> </span>Contra<span class=\"__1 _8\"></span>pr<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>tac<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _6\"></span> c<span class=\"__1 _6\"></span>onti<span class=\"__1 _8\"></span>nge<span class=\"__1 _5\"></span>nte<span class=\"__1 _70\"></span> (Nota <span class=\"__1 _6\"></span>27<span class=\"__1 _6\"></span>)<span class=\"__1 _52\"> </span><span class=\"ls4c\">                 869<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>                 15<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>              1.02<span class=\"__1 _6\"></span>5 <span class=\"__1 _c7\"> </span>                 8<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>1 <span class=\"__1 _cf\"> </span>                 1<span class=\"__1 _6\"></span>44<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>              1.00<span class=\"__1 _6\"></span>5<span class=\"__1 _1bc\"> </span></span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> i<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>gres<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _8\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>os<span class=\"__1 _144\"> </span><span class=\"ls4c\">              4.75<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                 77<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>              5<span class=\"__1 _6\"></span>.53<span class=\"__1 _6\"></span>5 <span class=\"__1 _145\"> </span>                    34<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>                    3<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>                    6<span class=\"__1 _6\"></span>7</span>              5.62<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                 93<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>              6<span class=\"__1 _6\"></span>.56<span class=\"__1 _6\"></span>0 <span class=\"__1 _c7\"> </span>                 8<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>5 <span class=\"__1 _cf\"> </span>                 1<span class=\"__1 _6\"></span>77<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>              1.07<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>va<span class=\"__1 _6\"></span>do<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e cobertur<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>-  Li<span class=\"__1 _6\"></span>qui<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n I<span class=\"__1 _8\"></span>RSwap<span class=\"__1 _6\"></span> (Not<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span> 3<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)<span class=\"__1 _146\"> </span><span class=\"ls4c\">                    86<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              3.15<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              3.24<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _a8\"> </span>                     -   <span class=\"__1 _4\"> </span>            (1<span class=\"__1 _6\"></span>.46<span class=\"__1 _6\"></span>9)<span class=\"__1 _cf\"> </span>            (1<span class=\"__1 _6\"></span>.469<span class=\"__1 _6\"></span>)</span>                    86<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              3.15<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              3.24<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _a8\"> </span>                     -   <span class=\"__1 _4\"> </span>            (1<span class=\"__1 _6\"></span>.46<span class=\"__1 _6\"></span>9)<span class=\"__1 _cf\"> </span>            (1<span class=\"__1 _6\"></span>.469<span class=\"__1 _6\"></span>)          (17<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>36<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (12.82<span class=\"__1 _6\"></span>6)<span class=\"__1 _cd\"> </span>          (3<span class=\"__1 _6\"></span>0.193<span class=\"__1 _6\"></span>)<span class=\"__1 _bd\"> </span>            (9.905<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (16<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>35<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (26.25<span class=\"__1 _6\"></span>6)<span class=\"__1 _1bc\"> </span>31/12/2023<span class=\"__1 _1bc\"> </span>31/12/2022<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de e<span class=\"__1 _5\"></span>ur<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Ce<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>nova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Ce<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>nova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccruedExpensesAndOtherLiabilitiesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-513": {
   "value": "10.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Apr<span class=\"__1 _6\"></span>ovisionamientos<span class=\"__1 _1bc\"> </span></span></span>El ep\u00edgrafe <span class=\"ff6\">\u201c</span>Aprovision<span class=\"__1 _6\"></span>amientos<span class=\"__1 _6\"></span><span class=\"ff6\">\u201d</span> en los ejercicios<span class=\"__1 _6\"></span> 2023 y 2022 s<span class=\"__1 _6\"></span>e desglosa en:<span class=\"__1 _1bc\"> </span>(*) <span class=\"__1 _c4\"> </span><span class=\"ff6\">L<span class=\"__1 _6\"></span>a diferencia entre la i<span class=\"__1 _6\"></span>nformaci\u00f3n del \u201cGrupo <span class=\"__1 _6\"></span>Consolidado\u201d al 31 <span class=\"__1 _6\"></span>de diciembre <span class=\"__1 _6\"></span>de 2023 y 2022 <span class=\"__1 _6\"></span>y la<span class=\"__1 _6\"></span> agregaci\u00f3n de<span class=\"__1 _1bc\"> </span></span>los <span class=\"__1 _70\"></span>negocios <span class=\"__1 _70\"></span>\u201cCelulosa\u201d <span class=\"__1 _5\"></span>y <span class=\"__1 _70\"></span>\u201cEnerg\u00eda <span class=\"__1 _70\"></span>R<span class=\"__1 _6\"></span>enovable\u201d <span class=\"__1 _70\"></span>se <span class=\"__1 _70\"></span>corresponde <span class=\"__1 _70\"></span>con elimin<span class=\"__1 _5\"></span>aciones <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>op<span class=\"__1 _6\"></span>eraciones <span class=\"__1 _70\"></span>e<span class=\"__1 _6\"></span><span class=\"ff4\">fectuadas <span class=\"__1 _5\"></span>entre <span class=\"__1 _70\"></span>dichos<span class=\"__1 _1bc\"> </span></span>negocios en 2023 y 2022 por 2.730 miles \u20ac y 3.809 miles \u20ac, respectivamente<span class=\"__1 _5\"></span>.<span class=\"__1 _1bc\"> </span>En  este  ep\u00edgrafe  se  incluyen  principalmente  costes  de  adquisici\u00f3n  de  madera,  de  productos  qu\u00edmicos,<span class=\"__1 _1bc\"> </span>combustibles y o<span class=\"__1 _6\"></span>tros costes variables, a<span class=\"__1 _6\"></span>s\u00ed como servicios<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e aprovechamiento y tra<span class=\"__1 _6\"></span>nsporte de madera.<span class=\"__1 _1bc\"> </span>Compra<span class=\"__1 _8\"></span>s<span class=\"__1 _12b\"> </span>  2<span class=\"__1 _6\"></span>92<span class=\"__1 _6\"></span>.62<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>   <span class=\"__1 _eb\"> </span>  5<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.87<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>   <span class=\"__1 _12c\"> </span>  3<span class=\"__1 _6\"></span>42<span class=\"__1 _6\"></span>.92<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>   <span class=\"__1 _101\"> </span>  29<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.64<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>   <span class=\"__1 _eb\"> </span>  7<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.54<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>   <span class=\"__1 _12c\"> </span>  36<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.90<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> V<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n <span class=\"__1 _6\"></span>de e<span class=\"__1 _70\"></span>x<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>  mate<span class=\"__1 _5\"></span>ri<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _1bc\"> </span>pr<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ma<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> y a<span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>xi<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>r<span class=\"__1 _6\"></span>es  2<span class=\"__1 _6\"></span>3.5<span class=\"__1 _6\"></span>74<span class=\"__1 _6\"></span>   <span class=\"__1 _d1\"> </span><span class=\"ls3e\">         (1.18<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)   <span class=\"__1 _eb\"> </span></span>  22<span class=\"__1 _6\"></span>.39<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>   <span class=\"__1 _12c\"> </span><span class=\"ls3e\">       (1<span class=\"__1 _6\"></span>3.21<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>)   <span class=\"__1 _cc\"> </span>         (8<span class=\"__1 _6\"></span>.217<span class=\"__1 _6\"></span>)   <span class=\"__1 _ce\"> </span>       (2<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.430<span class=\"__1 _6\"></span>) </span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> ga<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>tos<span class=\"__1 _6\"></span> exte<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>nos<span class=\"__1 _12d\"> </span>  3<span class=\"__1 _6\"></span>5.3<span class=\"__1 _6\"></span>01<span class=\"__1 _6\"></span>   <span class=\"__1 _eb\"> </span>  1<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.42<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>   <span class=\"__1 _eb\"> </span>  5<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.56<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>   <span class=\"__1 _4d\"> </span>  3<span class=\"__1 _6\"></span>1.8<span class=\"__1 _6\"></span>88<span class=\"__1 _6\"></span>   <span class=\"__1 _eb\"> </span>  2<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.42<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>   <span class=\"__1 _eb\"> </span>  5<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.77<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span> 35<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.49<span class=\"__1 _6\"></span>5 <span class=\"__1 _103\"> </span>6<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>1<span class=\"__1 _6\"></span>23<span class=\"__1 _6\"></span> <span class=\"__1 _f9\"> </span>416<span class=\"__1 _6\"></span>.88<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _af\"> </span>31<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>32<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _103\"> </span>92<span class=\"__1 _6\"></span>.74<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _80\"> </span>4<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>25<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span>31/12/2023<span class=\"__1 _1bc\"> </span>31/12/2022<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> e<span class=\"__1 _5\"></span>ur<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>N<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>goci<span class=\"__1 _4\"></span>o<span class=\"__1 _1bc\"> </span>Ce<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span>N<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>goci<span class=\"__1 _4\"></span>o<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>ova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>es<span class=\"__1 _1bc\"> </span>Grup<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>Cons<span class=\"__1 _8\"></span>ol<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>N<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>goci<span class=\"__1 _4\"></span>o<span class=\"__1 _1bc\"> </span>Ce<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span>N<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>goci<span class=\"__1 _4\"></span>o<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>ova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>es<span class=\"__1 _1bc\"> </span>Grup<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>Cons<span class=\"__1 _8\"></span>ol<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCostOfSalesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-535": {
   "value": "10.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Apr<span class=\"__1 _6\"></span>ovisionamientos<span class=\"__1 _1bc\"> </span></span></span>El ep\u00edgrafe <span class=\"ff6\">\u201c</span>Aprovision<span class=\"__1 _6\"></span>amientos<span class=\"__1 _6\"></span><span class=\"ff6\">\u201d</span> en los ejercicios<span class=\"__1 _6\"></span> 2023 y 2022 s<span class=\"__1 _6\"></span>e desglosa en:<span class=\"__1 _1bc\"> </span>(*) <span class=\"__1 _c4\"> </span><span class=\"ff6\">L<span class=\"__1 _6\"></span>a diferencia entre la i<span class=\"__1 _6\"></span>nformaci\u00f3n del \u201cGrupo <span class=\"__1 _6\"></span>Consolidado\u201d al 31 <span class=\"__1 _6\"></span>de diciembre <span class=\"__1 _6\"></span>de 2023 y 2022 <span class=\"__1 _6\"></span>y la<span class=\"__1 _6\"></span> agregaci\u00f3n de<span class=\"__1 _1bc\"> </span></span>los <span class=\"__1 _70\"></span>negocios <span class=\"__1 _70\"></span>\u201cCelulosa\u201d <span class=\"__1 _5\"></span>y <span class=\"__1 _70\"></span>\u201cEnerg\u00eda <span class=\"__1 _70\"></span>R<span class=\"__1 _6\"></span>enovable\u201d <span class=\"__1 _70\"></span>se <span class=\"__1 _70\"></span>corresponde <span class=\"__1 _70\"></span>con elimin<span class=\"__1 _5\"></span>aciones <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>op<span class=\"__1 _6\"></span>eraciones <span class=\"__1 _70\"></span>e<span class=\"__1 _6\"></span><span class=\"ff4\">fectuadas <span class=\"__1 _5\"></span>entre <span class=\"__1 _70\"></span>dichos<span class=\"__1 _1bc\"> </span></span>negocios en 2023 y 2022 por 2.730 miles \u20ac y 3.809 miles \u20ac, respectivamente<span class=\"__1 _5\"></span>.<span class=\"__1 _1bc\"> </span>En  este  ep\u00edgrafe  se  incluyen  principalmente  costes  de  adquisici\u00f3n  de  madera,  de  productos  qu\u00edmicos,<span class=\"__1 _1bc\"> </span>combustibles y o<span class=\"__1 _6\"></span>tros costes variables, a<span class=\"__1 _6\"></span>s\u00ed como servicios<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e aprovechamiento y tra<span class=\"__1 _6\"></span>nsporte de madera.<span class=\"__1 _1bc\"> </span>11.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Personal<span class=\"__1 _1bc\"> </span></span></span>Los <span class=\"__1 _6\"></span>gas<span class=\"__1 _6\"></span>tos <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>pers<span class=\"__1 _6\"></span>onal <span class=\"__1 _6\"></span>incurridos <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>ejercicios <span class=\"__1 _6\"></span>2023 <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>2022 <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>distintos <span class=\"__1 _6\"></span>negocios<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>desarrollad<span class=\"__1 _6\"></span>os <span class=\"__1 _6\"></span>por<span class=\"__1 _1bc\"> </span>ENCE son<span class=\"__1 _6\"></span> los siguientes:<span class=\"__1 _1bc\"> </span>Compra<span class=\"__1 _8\"></span>s<span class=\"__1 _12b\"> </span>  2<span class=\"__1 _6\"></span>92<span class=\"__1 _6\"></span>.62<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>   <span class=\"__1 _eb\"> </span>  5<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.87<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>   <span class=\"__1 _12c\"> </span>  3<span class=\"__1 _6\"></span>42<span class=\"__1 _6\"></span>.92<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>   <span class=\"__1 _101\"> </span>  29<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.64<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>   <span class=\"__1 _eb\"> </span>  7<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.54<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>   <span class=\"__1 _12c\"> </span>  36<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.90<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> V<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n <span class=\"__1 _6\"></span>de e<span class=\"__1 _70\"></span>x<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>  mate<span class=\"__1 _5\"></span>ri<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _1bc\"> </span>pr<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ma<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> y a<span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>xi<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>r<span class=\"__1 _6\"></span>es  2<span class=\"__1 _6\"></span>3.5<span class=\"__1 _6\"></span>74<span class=\"__1 _6\"></span>   <span class=\"__1 _d1\"> </span><span class=\"ls3e\">         (1.18<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)   <span class=\"__1 _eb\"> </span></span>  22<span class=\"__1 _6\"></span>.39<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>   <span class=\"__1 _12c\"> </span><span class=\"ls3e\">       (1<span class=\"__1 _6\"></span>3.21<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>)   <span class=\"__1 _cc\"> </span>         (8<span class=\"__1 _6\"></span>.217<span class=\"__1 _6\"></span>)   <span class=\"__1 _ce\"> </span>       (2<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.430<span class=\"__1 _6\"></span>) </span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> ga<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>tos<span class=\"__1 _6\"></span> exte<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>nos<span class=\"__1 _12d\"> </span>  3<span class=\"__1 _6\"></span>5.3<span class=\"__1 _6\"></span>01<span class=\"__1 _6\"></span>   <span class=\"__1 _eb\"> </span>  1<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.42<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>   <span class=\"__1 _eb\"> </span>  5<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.56<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>   <span class=\"__1 _4d\"> </span>  3<span class=\"__1 _6\"></span>1.8<span class=\"__1 _6\"></span>88<span class=\"__1 _6\"></span>   <span class=\"__1 _eb\"> </span>  2<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.42<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>   <span class=\"__1 _eb\"> </span>  5<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.77<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span> 35<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.49<span class=\"__1 _6\"></span>5 <span class=\"__1 _103\"> </span>6<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>1<span class=\"__1 _6\"></span>23<span class=\"__1 _6\"></span> <span class=\"__1 _f9\"> </span>416<span class=\"__1 _6\"></span>.88<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _af\"> </span>31<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>32<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _103\"> </span>92<span class=\"__1 _6\"></span>.74<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _80\"> </span>4<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>25<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span>31/12/2023<span class=\"__1 _1bc\"> </span>31/12/2022<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> e<span class=\"__1 _5\"></span>ur<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>N<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>goci<span class=\"__1 _4\"></span>o<span class=\"__1 _1bc\"> </span>Ce<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span>N<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>goci<span class=\"__1 _4\"></span>o<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>ova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>es<span class=\"__1 _1bc\"> </span>Grup<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>Cons<span class=\"__1 _8\"></span>ol<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>N<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>goci<span class=\"__1 _4\"></span>o<span class=\"__1 _1bc\"> </span>Ce<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span>N<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>goci<span class=\"__1 _4\"></span>o<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>ova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>es<span class=\"__1 _1bc\"> </span>Grup<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>Cons<span class=\"__1 _8\"></span>ol<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>11.1<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Datos de plantilla<span class=\"__1 _1bc\"> </span></span></span>La <span class=\"__1 _6\"></span>plantilla <span class=\"__1 _6\"></span>media <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>Grupo <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>ejercicios 2023 <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>2022, <span class=\"__1 _6\"></span>detallada <span class=\"__1 _6\"></span>po<span class=\"__1 _6\"></span>r <span class=\"__1 _6\"></span>categor\u00eda <span class=\"__1 _6\"></span>profesional <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>sexo, <span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>la<span class=\"__1 _1bc\"> </span>siguiente:<span class=\"__1 _1bc\"> </span>As\u00ed <span class=\"__1 _5\"></span>mismo <span class=\"__1 _5\"></span>la <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>istribuci\u00f3n de <span class=\"__1 _70\"></span>la <span class=\"__1 _70\"></span>plan<span class=\"__1 _6\"></span>tilla <span class=\"__1 _5\"></span>del <span class=\"__1 _70\"></span>Gru<span class=\"__1 _6\"></span>po <span class=\"__1 _70\"></span>al 31 <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>diciembre <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>2023 y <span class=\"__1 _70\"></span>2022, detallada <span class=\"__1 _70\"></span>por categor\u00eda<span class=\"__1 _1bc\"> </span>profesional y s<span class=\"__1 _6\"></span>exo, es la siguiente:<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de e<span class=\"__1 _70\"></span>u<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>N<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Ce<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span>N<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>ova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _1bc\"> </span>Grup<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>Cons<span class=\"__1 _8\"></span>ol<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>da<span class=\"__1 _8\"></span>do<span class=\"__1 _1bc\"> </span>N<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Ce<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span>N<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>ova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _1bc\"> </span>Grup<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>Cons<span class=\"__1 _8\"></span>ol<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>da<span class=\"__1 _8\"></span>do<span class=\"__1 _1bc\"> </span>Suel<span class=\"__1 _6\"></span>dos<span class=\"__1 _8\"></span> y s<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>os<span class=\"__1 _120\"> </span>  6<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.83<span class=\"__1 _6\"></span>9 <span class=\"__1 _6\"></span>  <span class=\"__1 _110\"> </span>  1<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.47<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>   <span class=\"__1 _110\"> </span>  7<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.31<span class=\"__1 _6\"></span>6 <span class=\"__1 _6\"></span>  <span class=\"__1 _6e\"> </span>56<span class=\"__1 _6\"></span>.74<span class=\"__1 _6\"></span>1<span class=\"__1 _25\"> </span>13<span class=\"__1 _6\"></span>.34<span class=\"__1 _6\"></span>2 <span class=\"__1 _59\"> </span>7<span class=\"__1 _6\"></span>0.0<span class=\"__1 _6\"></span>83<span class=\"__1 _1bc\"> </span>Se<span class=\"__1 _5\"></span>guri<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span> Soc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _9f\"> </span>  16<span class=\"__1 _6\"></span>.35<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>   <span class=\"__1 _f9\"> </span>  4<span class=\"__1 _6\"></span>.01<span class=\"__1 _6\"></span>9  <span class=\"__1 _6\"></span> <span class=\"__1 _110\"> </span>  2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.370<span class=\"__1 _6\"></span>   <span class=\"__1 _6e\"> </span>1<span class=\"__1 _6\"></span>4.0<span class=\"__1 _6\"></span>51<span class=\"__1 _6e\"> </span>3<span class=\"__1 _6\"></span>.26<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _5a\"> </span>1<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.31<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _5\"></span>por<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n pl<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>nes<span class=\"__1 _6\"></span> pens<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span> (N<span class=\"__1 _5\"></span>ota<span class=\"__1 _6\"></span> 3<span class=\"__1 _6\"></span>.14<span class=\"__1 _6\"></span>)<span class=\"__1 _ed\"> </span>  2<span class=\"__1 _6\"></span>.20<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>   <span class=\"__1 _53\"> </span>  3<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>   <span class=\"__1 _12\"> </span>2.56<span class=\"__1 _6\"></span>9<span class=\"__1 _79\"> </span>2.0<span class=\"__1 _6\"></span>29<span class=\"__1 _61\"> </span><span class=\"ls40\">317 <span class=\"__1 _4d\"> </span></span>2<span class=\"__1 _6\"></span>.34<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> ga<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>os<span class=\"__1 _8\"></span> s<span class=\"__1 _8\"></span>oc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _40\"> </span>1<span class=\"__1 _6\"></span>.60<span class=\"__1 _6\"></span>2<span class=\"__1 _61\"> </span><span class=\"ls40\">201<span class=\"__1 _8b\"> </span></span>1<span class=\"__1 _6\"></span>.80<span class=\"__1 _6\"></span>3<span class=\"__1 _3f\"> </span>1<span class=\"__1 _6\"></span>.41<span class=\"__1 _6\"></span>0<span class=\"__1 _61\"> </span><span class=\"ls40\">190<span class=\"__1 _8b\"> </span></span>1<span class=\"__1 _6\"></span>.60<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span>81<span class=\"__1 _6\"></span>.99<span class=\"__1 _6\"></span>6<span class=\"__1 _25\"> </span>20<span class=\"__1 _6\"></span>.06<span class=\"__1 _6\"></span>2<span class=\"__1 _b\"> </span>1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.05<span class=\"__1 _6\"></span>8<span class=\"__1 _f\"> </span>74.23<span class=\"__1 _6\"></span>1<span class=\"__1 _25\"> </span>1<span class=\"__1 _6\"></span>7.1<span class=\"__1 _6\"></span>14<span class=\"__1 _25\"> </span>9<span class=\"__1 _6\"></span>1.3<span class=\"__1 _6\"></span>45<span class=\"__1 _1bc\"> </span>Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>ne<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span> ret<span class=\"__1 _5\"></span>ri<span class=\"__1 _8\"></span>b<span class=\"__1 _6\"></span>uc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n a<span class=\"__1 _8\"></span> l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>go p<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>zo (Not<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span> 3<span class=\"__1 _6\"></span>.14<span class=\"__1 _6\"></span>)<span class=\"__1 _129\"> </span>1<span class=\"__1 _6\"></span>.08<span class=\"__1 _6\"></span>6<span class=\"__1 _92\"> </span>  3<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>   <span class=\"__1 _f9\"> </span>  1.12<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>   <span class=\"__1 _87\"> </span><span class=\"ls40\">57</span>                  <span class=\"ls0_1\"> <span class=\"__1 _dd\"> </span><span class=\"ls40\">88<span class=\"__1 _12e\"></span><span class=\"ls41\">                  <span class=\"ls0_1\"> </span></span></span></span>I<span class=\"__1 _6\"></span>nd<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>m<span class=\"__1 _5\"></span>ni<span class=\"__1 _8\"></span>za<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _10f\"> </span>  1<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>   <span class=\"__1 _99\"> </span><span class=\"ls40\">592<span class=\"__1 _f\"> </span>791<span class=\"__1 _3f\"> </span></span>1.1<span class=\"__1 _6\"></span>00<span class=\"__1 _61\"> </span><span class=\"ls40\">658<span class=\"__1 _8b\"> </span></span>1<span class=\"__1 _6\"></span>.75<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span>83<span class=\"__1 _6\"></span>.28<span class=\"__1 _6\"></span>1<span class=\"__1 _25\"> </span>20<span class=\"__1 _6\"></span>.691<span class=\"__1 _12f\"> </span>10<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.97<span class=\"__1 _6\"></span>2<span class=\"__1 _2f\"> </span>7<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.38<span class=\"__1 _6\"></span>8<span class=\"__1 _25\"> </span>17<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>8<span class=\"__1 _6\"></span>03<span class=\"__1 _25\"> </span>9<span class=\"__1 _6\"></span>3.19<span class=\"__1 _6\"></span>1<span class=\"__1 _1bc\"> </span>31/12/2023<span class=\"__1 _1bc\"> </span>31/12/2022<span class=\"__1 _1bc\"> </span>Ca<span class=\"__1 _6\"></span>te<span class=\"__1 _5\"></span>gor\u00eda<span class=\"__1 _8\"></span> Pr<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>fes<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ona<span class=\"__1 _8\"></span>l<span class=\"__1 _134\"> </span>Hombres<span class=\"__1 _c7\"> </span>Muj<span class=\"__1 _6\"></span>eres<span class=\"__1 _ff\"> </span>Tota<span class=\"__1 _6\"></span>l<span class=\"__1 _59\"> </span>Hombr<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _c7\"> </span>Muj<span class=\"__1 _8\"></span>ere<span class=\"__1 _5\"></span>s<span class=\"__1 _33\"> </span>T<span class=\"__1 _5\"></span>ota<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span>Di<span class=\"__1 _8\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vos<span class=\"__1 _112\"> </span><span class=\"ls42\">57<span class=\"__1 _18\"> </span>17<span class=\"__1 _18\"> </span>74<span class=\"__1 _35\"> </span>51<span class=\"__1 _18\"> </span>14<span class=\"__1 _18\"> </span>65<span class=\"__1 _1bc\"> </span></span>Ge<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>ent<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _135\"> </span><span class=\"ls42\">68<span class=\"__1 _f5\"> </span>27<span class=\"__1 _18\"> </span>95<span class=\"__1 _2c\"> </span>60<span class=\"__1 _f5\"> </span>23<span class=\"__1 _18\"> </span>83<span class=\"__1 _1bc\"> </span></span>Re<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>ons<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de e<span class=\"__1 _70\"></span>qu<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>po<span class=\"__1 _d7\"> </span><span class=\"ls42\">68<span class=\"__1 _fd\"> </span></span>5<span class=\"__1 _18\"> </span><span class=\"ls42\">73<span class=\"__1 _2c\"> </span>68<span class=\"__1 _fd\"> </span></span>5<span class=\"__1 _18\"> </span><span class=\"ls42\">73<span class=\"__1 _1bc\"> </span></span>T\u00e9<span class=\"__1 _70\"></span>c<span class=\"__1 _6\"></span>ni<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>os<span class=\"__1 _136\"> </span><span class=\"ls42\">216<span class=\"__1 _12\"> </span>147<span class=\"__1 _fb\"> </span>363<span class=\"__1 _d7\"> </span>195<span class=\"__1 _12\"> </span>122<span class=\"__1 _fb\"> </span>317<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>dmi<span class=\"__1 _6\"></span>ni<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>tra<span class=\"__1 _8\"></span>ti<span class=\"__1 _6\"></span>vo<span class=\"__1 _6\"></span>s<span class=\"__1 _11c\"> </span><span class=\"ls42\">15<span class=\"__1 _18\"> </span>37<span class=\"__1 _18\"> </span>52<span class=\"__1 _137\"> </span>16<span class=\"__1 _18\"> </span>38<span class=\"__1 _f5\"> </span>54<span class=\"__1 _1bc\"> </span></span>Op<span class=\"__1 _6\"></span>era<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>es<span class=\"__1 _138\"> </span><span class=\"ls42\">292<span class=\"__1 _18\"> </span>46<span class=\"__1 _12\"> </span>338<span class=\"__1 _d7\"> </span>288<span class=\"__1 _f5\"> </span>34<span class=\"__1 _fb\"> </span>322<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>poyo <span class=\"__1 _6\"></span>y me<span class=\"__1 _70\"></span>j<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span>a<span class=\"__1 _139\"> </span><span class=\"ls42\">47<span class=\"__1 _f5\"> </span>45<span class=\"__1 _18\"> </span>92<span class=\"__1 _137\"> </span>47<span class=\"__1 _18\"> </span>48<span class=\"__1 _18\"> </span>95<span class=\"__1 _1bc\"> </span></span>Ma<span class=\"__1 _6\"></span>nte<span class=\"__1 _5\"></span>ni<span class=\"__1 _8\"></span>mi<span class=\"__1 _6\"></span>ent<span class=\"__1 _5\"></span>o<span class=\"__1 _8e\"> </span><span class=\"ls42\">133<span class=\"__1 _fd\"> </span></span>2<span class=\"__1 _fb\"> </span><span class=\"ls42\">135<span class=\"__1 _d7\"> </span>131<span class=\"__1 _fd\"> </span></span>2<span class=\"__1 _fb\"> </span><span class=\"ls42\">133<span class=\"__1 _1bc\"> </span></span>896<span class=\"__1 _12\"> </span>326<span class=\"__1 _49\"> </span><span class=\"ls0_1\">1<span class=\"__1 _6\"></span>.22<span class=\"__1 _6\"></span>2<span class=\"__1 _d7\"> </span></span>856<span class=\"__1 _fb\"> </span>286<span class=\"__1 _49\"> </span><span class=\"ls0_1\">1<span class=\"__1 _6\"></span>.142<span class=\"__1 _1bc\"> </span></span>2022<span class=\"__1 _1bc\"> </span>N<span class=\"__1 _5\"></span>\u00fame<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span> Me<span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o de E<span class=\"__1 _5\"></span>mpl<span class=\"__1 _6\"></span>ea<span class=\"__1 _6\"></span>dos<span class=\"__1 _8\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span> Ej<span class=\"__1 _6\"></span>erc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>2023<span class=\"__1 _1bc\"> </span>Ca<span class=\"__1 _6\"></span>te<span class=\"__1 _5\"></span>gor\u00eda<span class=\"__1 _8\"></span> Pr<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>fes<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ona<span class=\"__1 _8\"></span>l<span class=\"__1 _134\"> </span>Hombres<span class=\"__1 _c7\"> </span>Muj<span class=\"__1 _6\"></span>eres<span class=\"__1 _ff\"> </span>Tota<span class=\"__1 _6\"></span>l<span class=\"__1 _59\"> </span>Hombr<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _c7\"> </span>Muj<span class=\"__1 _8\"></span>ere<span class=\"__1 _5\"></span>s<span class=\"__1 _33\"> </span>T<span class=\"__1 _5\"></span>ota<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span>Di<span class=\"__1 _8\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vos<span class=\"__1 _112\"> </span><span class=\"ls42\">57<span class=\"__1 _18\"> </span>19<span class=\"__1 _18\"> </span>76<span class=\"__1 _35\"> </span>54<span class=\"__1 _18\"> </span>15<span class=\"__1 _18\"> </span>69<span class=\"__1 _1bc\"> </span></span>Ge<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>ent<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _135\"> </span><span class=\"ls42\">69<span class=\"__1 _f5\"> </span>31<span class=\"__1 _fb\"> </span>100<span class=\"__1 _137\"> </span>63<span class=\"__1 _18\"> </span>24<span class=\"__1 _18\"> </span>87<span class=\"__1 _1bc\"> </span></span>Re<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>ons<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de e<span class=\"__1 _70\"></span>qu<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>po<span class=\"__1 _d7\"> </span><span class=\"ls42\">69<span class=\"__1 _fd\"> </span></span>5<span class=\"__1 _18\"> </span><span class=\"ls42\">74<span class=\"__1 _137\"> </span>69<span class=\"__1 _fd\"> </span></span>5<span class=\"__1 _18\"> </span><span class=\"ls42\">74<span class=\"__1 _1bc\"> </span></span>T\u00e9<span class=\"__1 _70\"></span>c<span class=\"__1 _6\"></span>ni<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>os<span class=\"__1 _136\"> </span><span class=\"ls42\">226<span class=\"__1 _12\"> </span>160<span class=\"__1 _fb\"> </span>386<span class=\"__1 _d7\"> </span>201<span class=\"__1 _12\"> </span>134<span class=\"__1 _fb\"> </span>335<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>dmi<span class=\"__1 _6\"></span>ni<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>tra<span class=\"__1 _8\"></span>ti<span class=\"__1 _6\"></span>vo<span class=\"__1 _6\"></span>s<span class=\"__1 _11c\"> </span><span class=\"ls42\">17<span class=\"__1 _18\"> </span>40<span class=\"__1 _18\"> </span>57<span class=\"__1 _137\"> </span>15<span class=\"__1 _18\"> </span>40<span class=\"__1 _f5\"> </span>55<span class=\"__1 _1bc\"> </span></span>Op<span class=\"__1 _6\"></span>era<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>es<span class=\"__1 _138\"> </span><span class=\"ls42\">299<span class=\"__1 _18\"> </span>47<span class=\"__1 _12\"> </span>346<span class=\"__1 _d7\"> </span>277<span class=\"__1 _f5\"> </span>36<span class=\"__1 _fb\"> </span>313<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>poyo <span class=\"__1 _6\"></span>y me<span class=\"__1 _70\"></span>j<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span>a<span class=\"__1 _139\"> </span><span class=\"ls42\">49<span class=\"__1 _f5\"> </span>43<span class=\"__1 _18\"> </span>92<span class=\"__1 _137\"> </span>47<span class=\"__1 _18\"> </span>42<span class=\"__1 _18\"> </span>89<span class=\"__1 _1bc\"> </span></span>Ma<span class=\"__1 _6\"></span>nte<span class=\"__1 _5\"></span>ni<span class=\"__1 _8\"></span>mi<span class=\"__1 _6\"></span>ent<span class=\"__1 _5\"></span>o<span class=\"__1 _8e\"> </span><span class=\"ls42\">130<span class=\"__1 _fd\"> </span></span>1<span class=\"__1 _fb\"> </span><span class=\"ls42\">131<span class=\"__1 _d7\"> </span>123<span class=\"__1 _fd\"> </span></span>3<span class=\"__1 _fb\"> </span><span class=\"ls42\">126<span class=\"__1 _1bc\"> </span></span>916<span class=\"__1 _12\"> </span>346<span class=\"__1 _49\"> </span><span class=\"ls0_1\">1<span class=\"__1 _6\"></span>.26<span class=\"__1 _6\"></span>2<span class=\"__1 _d7\"> </span></span>849<span class=\"__1 _fb\"> </span>299<span class=\"__1 _49\"> </span><span class=\"ls0_1\">1<span class=\"__1 _6\"></span>.148<span class=\"__1 _1bc\"> </span></span>2023<span class=\"__1 _1bc\"> </span>2022<span class=\"__1 _1bc\"> </span>N<span class=\"__1 _5\"></span>\u00fame<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span> de E<span class=\"__1 _70\"></span>mpl<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span> c<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>err<span class=\"__1 _6\"></span>e de<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span> Ej<span class=\"__1 _6\"></span>erc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Al 31 de diciembre de 2023 y 2022 el n\u00fa<span class=\"__1 _6\"></span>mero de empleados<span class=\"__1 _6\"></span> con una discapacidad<span class=\"__1 _6\"></span> superior al 33% es de 12<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> y 10 personas<span class=\"__1 _6\"></span>, respectivamente.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> Por <span class=\"__1 _8\"></span>otra <span class=\"__1 _4\"></span>parte, <span class=\"__1 _8\"></span>al <span class=\"__1 _8\"></span>31 <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>diciem<span class=\"__1 _5\"></span>bre <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>2023 <span class=\"__1 _6\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>2022 <span class=\"__1 _8\"></span>el <span class=\"__1 _4\"></span>Consejo <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>Administraci\u00f3n <span class=\"__1 _4\"></span>est\u00e1 <span class=\"__1 _4\"></span>conformado <span class=\"__1 _8\"></span>por <span class=\"__1 _8\"></span>13<span class=\"__1 _1bc\"> </span> personas<span class=\"__1 _6\"></span>; 8 varones y 5 mujeres. <span class=\"__1 _6\"></span> 11.2<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Plan de retribuci\u00f3n a largo<span class=\"__1 _5\"></span> plazo </span></span>En <span class=\"__1 _c6\"> </span>la  determinaci\u00f3n <span class=\"__1 _c6\"> </span>del <span class=\"__1 _c6\"> </span>importe  devengado <span class=\"__1 _c6\"> </span>por <span class=\"__1 _c6\"> </span>esto<span class=\"__1 _6\"></span>s <span class=\"__1 _c6\"> </span>compromisos  se <span class=\"__1 _c8\"> </span>realizan<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>estimaciones  que <span class=\"__1 _c8\"> </span>s<span class=\"__1 _6\"></span>on revisadas <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>cad<span class=\"__1 _6\"></span>a <span class=\"__1 _4\"></span>cierre <span class=\"__1 _4\"></span>contable, <span class=\"__1 _4\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>impacto <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>las <span class=\"__1 _4\"></span>v<span class=\"__1 _6\"></span>ariaciones <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>registra <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>Esta<span class=\"__1 _6\"></span>do <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>Resulta<span class=\"__1 _6\"></span>do consolidado d<span class=\"__1 _6\"></span>e forma prosp<span class=\"__1 _6\"></span>ectiva.  Plan de inc<span class=\"__1 _6\"></span>entivo a largo plazo pa<span class=\"__1 _6\"></span>ra el periodo 2023<span class=\"__1 _6\"></span>-<span class=\"ls12\">2027</span> <span class=\"ls43\">/ </span>ENCE Celulosa y <span class=\"__1 _6\"></span>Corporativo El <span class=\"__1 _6\"></span>5 <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>mayo <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>2023 <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>Ju<span class=\"__1 _6\"></span>nta <span class=\"__1 _6\"></span>General <span class=\"__1 _6\"></span>Ordinaria <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>Accionistas<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>Sociedad <span class=\"__1 _6\"></span>Domin<span class=\"__1 _6\"></span>ante <span class=\"__1 _6\"></span><span class=\"ff6\">aprob\u00f3<span class=\"__1 _6\"></span> el <span class=\"__1 _6\"></span>\u201cPlan<span class=\"__1 _6\"></span> </span>de incentivo<span class=\"__1 _6\"></span> a <span class=\"__1 _6\"></span>largo <span class=\"__1 _6\"></span>plazo <span class=\"__1 _6\"></span>2023-<span class=\"ff6\">202<span class=\"__1 _6\"></span>7\u201d</span> dirigido <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>directivos,<span class=\"__1 _6\"></span> in<span class=\"__1 _6\"></span>cluido el <span class=\"__1 _6\"></span>Presidente <span class=\"__1 _6\"></span>y Con<span class=\"__1 _6\"></span>sejero <span class=\"__1 _6\"></span>Delegado d<span class=\"__1 _6\"></span>e la <span class=\"__1 _c8\"></span>Sociedad, <span class=\"__1 _c8\"></span>y <span class=\"__1 _4\"></span>o<span class=\"__1 _6\"></span>tros <span class=\"__1 _4\"></span>emplead<span class=\"__1 _6\"></span>os <span class=\"__1 _c8\"> </span>del <span class=\"__1 _c8\"></span>Grupo <span class=\"__1 _c8\"></span>Ence <span class=\"__1 _c8\"></span>(el <span class=\"__1 _4\"></span>\u201cPlan\u201d).<span class=\"__1 _6\"></span><span class=\"ff4\"> <span class=\"__1 _c8\"> </span>El <span class=\"__1 _c8\"> </span>Plan <span class=\"__1 _c8\"> </span>permite <span class=\"__1 _c8\"></span>a <span class=\"__1 _c8\"></span>sus <span class=\"__1 _c8\"></span>beneficiarios <span class=\"__1 _4\"></span>p<span class=\"__1 _6\"></span>ercibir, </span>transcurrido un determinado p<span class=\"__1 _6\"></span>eriodo de tiempo, un incentivo pagadero <span class=\"__1 _6\"></span>en acciones de En<span class=\"__1 _6\"></span>ce y en me<span class=\"__1 _5\"></span>t\u00e1lico, siempre <span class=\"__1 _4\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>cu<span class=\"__1 _6\"></span>mplan <span class=\"__1 _c8\"></span>determinados <span class=\"__1 _c8\"></span>objetivos <span class=\"__1 _c8\"> </span>plurianuales <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"></span>la <span class=\"__1 _4\"></span>Sociedad<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>y <span class=\"__1 _c8\"> </span>se <span class=\"__1 _c8\"></span>re\u00fanan <span class=\"__1 _c8\"></span>los <span class=\"__1 _4\"></span>requis<span class=\"__1 _6\"></span>itos previstos p<span class=\"__1 _6\"></span>ara ello en el Reglamento del Plan.<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span> Inicialmente <span class=\"__1 _8\"></span>son <span class=\"__1 _8\"></span>potenciales <span class=\"__1 _8\"></span>beneficiarios<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>del <span class=\"__1 _6\"></span>Plan <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>Incen<span class=\"__1 _6\"></span>tivo <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>pri<span class=\"__1 _6\"></span>ncipales <span class=\"__1 _8\"></span>directivos <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>Sociedad<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>y<span class=\"__1 _6\"></span> otro <span class=\"__1 _c8\"> </span>personal <span class=\"__1 _c8\"> </span>clave <span class=\"__1 _c8\"> </span>q<span class=\"__1 _6\"></span>ue, <span class=\"__1 _c8\"></span>bien <span class=\"__1 _c8\"></span>por <span class=\"__1 _c8\"></span>sus <span class=\"__1 _c8\"> </span>responsabilidad<span class=\"__1 _6\"></span>es <span class=\"__1 _4\"></span>o <span class=\"__1 _c8\"> </span>p<span class=\"__1 _6\"></span>or <span class=\"__1 _c8\"></span>su <span class=\"__1 _c8\"></span>perfil, <span class=\"__1 _c8\"></span>tengan <span class=\"__1 _c8\"> </span>capacidad <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"></span>influir <span class=\"__1 _c8\"></span>de manera <span class=\"__1 _5\"></span>directa sobre <span class=\"__1 _70\"></span>el \u00e9xito <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>planes e<span class=\"__1 _5\"></span>strat\u00e9gicos.<span class=\"__1 _6\"></span> El <span class=\"__1 _70\"></span>Plan tiene <span class=\"__1 _70\"></span>un<span class=\"__1 _6\"></span>a <span class=\"__1 _5\"></span>duraci\u00f3n de <span class=\"__1 _70\"></span>5 <span class=\"__1 _5\"></span>a\u00f1os<span class=\"__1 _6\"></span>, <span class=\"__1 _5\"></span>esto <span class=\"__1 _5\"></span>es, <span class=\"__1 _5\"></span>desde el 1/1/<span class=\"__1 _6\"></span>2023 h<span class=\"__1 _6\"></span>asta <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>31/12/2027 <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>e d<span class=\"__1 _6\"></span>ivide <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>3 <span class=\"__1 _6\"></span>ciclos <span class=\"__1 _6\"></span>an<span class=\"__1 _6\"></span>uales <span class=\"__1 _6\"></span>solapad<span class=\"__1 _6\"></span>os d<span class=\"__1 _6\"></span>e 3 <span class=\"__1 _6\"></span>a\u00f1o<span class=\"__1 _6\"></span>s <span class=\"__1 _6\"></span>de du<span class=\"__1 _6\"></span>raci\u00f3n <span class=\"__1 _6\"></span>cada <span class=\"__1 _6\"></span>uno de <span class=\"__1 _6\"></span>ellos, <span class=\"__1 _8\"></span>independientes <span class=\"__1 _8\"></span>entre <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>\u00ed, <span class=\"__1 _8\"></span>que <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>iquidar\u00e1n <span class=\"__1 _8\"></span>dentro <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>los <span class=\"__1 _6\"></span>90 <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>\u00edas <span class=\"__1 _6\"></span>siguient<span class=\"__1 _6\"></span>es <span class=\"__1 _8\"></span>al <span class=\"__1 _6\"></span>\u00faltimo <span class=\"__1 _8\"></span>a\u00f1o <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>cada ciclo<span class=\"ls17\">. <span class=\"ls0_1\"> </span></span>El <span class=\"__1 _6\"></span>incentivo<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>cada <span class=\"__1 _6\"></span>ciclo <span class=\"__1 _8\"></span>estar\u00e1 <span class=\"__1 _6\"></span>cond<span class=\"__1 _6\"></span>icionad<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>cu<span class=\"__1 _6\"></span>mplimiento <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>eterminados <span class=\"__1 _8\"></span>objetivos <span class=\"__1 _6\"></span>finan<span class=\"__1 _6\"></span>cieros, <span class=\"__1 _6\"></span>no financieros  y  de  creaci\u00f3n  de <span class=\"__1 _c6\"> </span>v<span class=\"__1 _6\"></span>alor  para  el  accionista,  aprobados  por  el  Consejo  de <span class=\"__1 _c6\"> </span>Administra<span class=\"__1 _6\"></span>ci\u00f3n  a propuesta d<span class=\"__1 _6\"></span>e la Comisi\u00f3n de Nombramientos<span class=\"__1 _6\"></span> y Retribuciones. <span class=\"__1 _8\"></span> Son <span class=\"__1 _8\"></span>requisitos <span class=\"__1 _8\"></span>para <span class=\"__1 _6\"></span>su <span class=\"__1 _8\"></span>devengo<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>alcanzar <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>grado <span class=\"__1 _6\"></span>m\u00ednim<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>con<span class=\"__1 _6\"></span>secuci\u00f3n <span class=\"__1 _8\"></span>conforme <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>criterios <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>los que <span class=\"__1 _8\"></span>vienen <span class=\"__1 _8\"></span>referenciad<span class=\"__1 _6\"></span>os <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>dis<span class=\"__1 _6\"></span>tintos <span class=\"__1 _8\"></span>objetiv<span class=\"__1 _6\"></span>os, <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>beneficiario <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>hall<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>situaci<span class=\"__1 _6\"></span>\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>prestaci\u00f3n<span class=\"__1 _6\"></span> efectiva <span class=\"__1 _cb\"> </span>de <span class=\"__1 _cb\"> </span>servicios <span class=\"__1 _cb\"> </span>para <span class=\"__1 _cb\"> </span>ENCE <span class=\"__1 _cb\"> </span>en  la <span class=\"__1 _cb\"> </span>correspo<span class=\"__1 _6\"></span>ndiente <span class=\"__1 _cb\"> </span>fecha  d<span class=\"__1 _6\"></span>e <span class=\"__1 _cb\"> </span>con<span class=\"__1 _6\"></span>solidaci\u00f3n <span class=\"__1 _cb\"> </span>del <span class=\"__1 _cb\"> </span>derecho, <span class=\"__1 _cb\"> </span>con <span class=\"__1 _cb\"> </span>las salvedades h<span class=\"__1 _6\"></span>abituales para este tipo de in<span class=\"__1 _6\"></span>centivos.<span class=\"__1 _6\"></span> El <span class=\"__1 _6\"></span>ciclo <span class=\"__1 _6\"></span>I <span class=\"__1 _6\"></span>del Plan <span class=\"__1 _6\"></span>representa <span class=\"__1 _6\"></span>un <span class=\"__1 _6\"></span>60% <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>incentivo <span class=\"__1 _6\"></span>tota<span class=\"__1 _6\"></span>l y <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>ciclos <span class=\"__1 _6\"></span>II <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>III <span class=\"__1 _6\"></span>representan <span class=\"__1 _6\"></span>un <span class=\"__1 _6\"></span>20% cada <span class=\"__1 _8\"></span>uno <span class=\"__1 _6\"></span>del incentivo total.<span class=\"__1 _6\"></span> El <span class=\"__1 _6\"></span>incentivo <span class=\"__1 _6\"></span>considerado <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>este <span class=\"__1 _6\"></span>Plan <span class=\"__1 _6\"></span>consiste <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>un <span class=\"__1 _6\"></span>% <span class=\"__1 _6\"></span>de la <span class=\"__1 _6\"></span>retribuci\u00f3n<span class=\"__1 _6\"></span> fija <span class=\"__1 _6\"></span>media <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>periodo <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>abarca cada <span class=\"__1 _6\"></span>ciclo <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>funci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>ca<span class=\"__1 _6\"></span>tegor\u00eda <span class=\"__1 _6\"></span>prof<span class=\"__1 _6\"></span>esional <span class=\"__1 _6\"></span>del <span class=\"__1 _8\"></span>beneficiario, <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>se <span class=\"__1 _6\"></span>liqu<span class=\"__1 _6\"></span>ida <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>un <span class=\"__1 _6\"></span>70% <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>accion<span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>un 30% <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>efectivo, <span class=\"__1 _8\"></span>excepto <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>miembros <span class=\"__1 _8\"></span>del<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>Comit\u00e9 <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>Direcci\u00f3n <span class=\"__1 _8\"></span>cuy<span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>liquidaci\u00f3n <span class=\"__1 _8\"></span>es <span class=\"__1 _8\"></span>100% <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>acciones<span class=\"__1 _6\"></span>. <span class=\"__1 _8\"></span>El Presidente y <span class=\"__1 _70\"></span>Con<span class=\"__1 _6\"></span>sejero Delegado <span class=\"ls16\">y <span class=\"__1 _5\"></span><span class=\"ls0_1\">el <span class=\"__1 _5\"></span>resto de <span class=\"__1 _70\"></span>los miembros del <span class=\"__1 _70\"></span>Comit\u00e9 de <span class=\"__1 _5\"></span>Direcci\u00f3n asumen <span class=\"__1 _5\"></span>determinados </span></span>compromisos de mantenim<span class=\"__1 _6\"></span>iento de las<span class=\"__1 _6\"></span> acciones recibidas<span class=\"__1 _6\"></span>.  El <span class=\"__1 _6\"></span>n\u00famero <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>acciones <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>entregar <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>determinar\u00e1 <span class=\"__1 _6\"></span>cons<span class=\"__1 _6\"></span>iderando <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>precio <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>referencia <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>acci\u00f3n <span class=\"__1 _6\"></span>de ENCE <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>cotizaci\u00f3n <span class=\"__1 _6\"></span>media <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>20 <span class=\"__1 _6\"></span>d\u00edas <span class=\"__1 _6\"></span>anteriores <span class=\"__1 _6\"></span>y p<span class=\"__1 _6\"></span>osteriores <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>31 <span class=\"__1 _6\"></span>de diciembre <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>cad<span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>inicio <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>ciclo. El precio de referencia a cons<span class=\"__1 _6\"></span>iderar en el ciclo I <span class=\"__1 _6\"></span>es de 3,2<span class=\"__1 _6\"></span>4 <span class=\"ff6\">\u20ac/acci\u00f3n<span class=\"__1 _6\"></span>.</span> El colectivo del plan<span class=\"__1 _6\"></span> al 31 de diciembre de 2023 lo forman<span class=\"__1 _6\"></span> 83 personas integradas<span class=\"__1 _6\"></span> en ENCE <span class=\"__1 _6\"></span>Celulosa y en el Corporativo, <span class=\"__1 _5\"></span>y <span class=\"__1 _70\"></span>el <span class=\"__1 _70\"></span>coste <span class=\"__1 _70\"></span>m\u00e1xi<span class=\"__1 _6\"></span>mo <span class=\"__1 _70\"></span>previsto <span class=\"__1 _5\"></span>del <span class=\"__1 _70\"></span>Ciclo <span class=\"__1 _70\"></span>I <span class=\"__1 _70\"></span>con<span class=\"__1 _6\"></span>siderando <span class=\"__1 _70\"></span>un<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>grado <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>consecuci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>del <span class=\"__1 _70\"></span>100% <span class=\"__1 _70\"></span>as<span class=\"__1 _6\"></span>ciende a 11.033 miles \u20ac.<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _8\"></span>gasto<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>/ <span class=\"__1 _4\"></span>(ingreso) <span class=\"__1 _8\"></span>devengado<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>por <span class=\"__1 _4\"></span>este <span class=\"__1 _8\"></span>concepto <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>ejercicio <span class=\"__1 _8\"></span>2023, <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>cual <span class=\"__1 _4\"></span>se <span class=\"__1 _8\"></span>detalla <span class=\"__1 _4\"></span>atendiendo <span class=\"__1 _8\"></span>a <span class=\"__1 _4\"></span>su<span class=\"__1 _1bc\"> </span>contrapartida<span class=\"__1 _6\"></span>, es el siguiente:<span class=\"__1 _1bc\"> </span>Plan de ince<span class=\"__1 _6\"></span>ntivo a largo plazo para e<span class=\"__1 _6\"></span>l periodo 2019<span class=\"__1 _6\"></span>-<span class=\"ls12\">2023 <span class=\"ls43\">/ </span></span>ENCE Celulosa y <span class=\"__1 _6\"></span>Corporativo<span class=\"__1 _1bc\"> </span>El 28 <span class=\"__1 _6\"></span>de marzo <span class=\"__1 _6\"></span>de 2019 <span class=\"__1 _6\"></span>la Ju<span class=\"__1 _6\"></span>nta General de <span class=\"__1 _8\"></span><span class=\"ff6\">Accionistas <span class=\"__1 _6\"></span>de ENCE<span class=\"__1 _6\"></span> aprob<span class=\"__1 _6\"></span>\u00f3 el \u201c<span class=\"__1 _6\"></span>Plan de In<span class=\"__1 _6\"></span>centivo a <span class=\"__1 _6\"></span>largo <span class=\"__1 _6\"></span>plazo<span class=\"__1 _1bc\"> </span></span>para <span class=\"__1 _8\"></span>el <span class=\"__1 _4\"></span>periodo <span class=\"__1 _8\"></span>2019-<span class=\"ff6\">2023\u201d</span>, <span class=\"__1 _8\"></span>como <span class=\"__1 _4\"></span>plan <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>re<span class=\"__1 _5\"></span>tribuci\u00f3n <span class=\"__1 _8\"></span>dineraria <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>entrega <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>acciones <span class=\"__1 _6\"></span>de <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>Sociedad <span class=\"__1 _8\"></span>de<span class=\"__1 _1bc\"> </span>car\u00e1cter plurianual<span class=\"__1 _6\"></span>, con el <span class=\"__1 _6\"></span>objetivo de inc<span class=\"__1 _6\"></span>entivar el r<span class=\"__1 _6\"></span>endimiento profesion<span class=\"__1 _6\"></span>al del equipo d<span class=\"__1 _8\"></span>irectivo y re<span class=\"__1 _6\"></span>forzar<span class=\"__1 _1bc\"> </span>su <span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>rientaci\u00f3n <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>consecuci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>los <span class=\"__1 _8\"></span>objetivos <span class=\"__1 _8\"></span>definidos <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>n <span class=\"__1 _8\"></span>el <span class=\"__1 _4\"></span>Plan <span class=\"__1 _8\"></span>estrat\u00e9gico <span class=\"__1 _8\"></span>2019<span class=\"__1 _8\"></span>-2023, <span class=\"__1 _4\"></span>promover <span class=\"__1 _8\"></span>la<span class=\"__1 _1bc\"> </span>sostenibilidad<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _4\"></span>Grup<span class=\"__1 _6\"></span>o <span class=\"__1 _c8\"></span>para <span class=\"__1 _c8\"></span>la <span class=\"__1 _4\"></span>creaci\u00f3n <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>v<span class=\"__1 _6\"></span>alor <span class=\"__1 _c8\"></span>a <span class=\"__1 _c8\"></span>largo <span class=\"__1 _c8\"></span>plazo, <span class=\"__1 _c8\"></span>y <span class=\"__1 _c8\"></span>comprometer <span class=\"__1 _c8\"></span>a <span class=\"__1 _c8\"></span>la <span class=\"__1 _c8\"></span>direcci\u00f3n <span class=\"__1 _4\"></span>con<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>los<span class=\"__1 _1bc\"> </span>intereses de los accion<span class=\"__1 _6\"></span>istas<span class=\"__1 _6\"></span> y la mejora del clima organizaci<span class=\"__1 _6\"></span>onal.<span class=\"__1 _1bc\"> </span>Se <span class=\"__1 _8\"></span>tra<span class=\"__1 _6\"></span>ta <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>un <span class=\"__1 _4\"></span>Plan <span class=\"__1 _8\"></span>a <span class=\"__1 _4\"></span>cinco <span class=\"__1 _8\"></span>a\u00f1os, <span class=\"__1 _4\"></span>alineado <span class=\"__1 _4\"></span>al <span class=\"__1 _8\"></span>plazo <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>duraci\u00f3n <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>Plan <span class=\"__1 _4\"></span>Estrat\u00e9gico, <span class=\"__1 _4\"></span>com<span class=\"__1 _5\"></span>puesto <span class=\"__1 _4\"></span>por <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>ciclos. <span class=\"__1 _6\"></span>El <span class=\"__1 _8\"></span>Ciclo <span class=\"__1 _6\"></span>I <span class=\"__1 _6\"></span>tiene <span class=\"__1 _8\"></span>una <span class=\"__1 _6\"></span>duraci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>tres <span class=\"__1 _6\"></span>a\u00f1os, <span class=\"__1 _6\"></span>desde <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>1 <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>enero <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>2019 <span class=\"__1 _6\"></span>hasta <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>31 <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>diciembre <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span>2021 <span class=\"ls0_1\">y el Ciclo II d<span class=\"__1 _6\"></span>e cinco a\u00f1os, d<span class=\"__1 _6\"></span>esde el 1 de enero de 2019 h<span class=\"__1 _6\"></span>asta el 31 de diciembr<span class=\"__1 _6\"></span>e de 2023.<span class=\"__1 _1bc\"> </span></span>El <span class=\"__1 _6\"></span>incentivo <span class=\"__1 _6\"></span>considerado <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>este <span class=\"__1 _6\"></span>Plan <span class=\"__1 _6\"></span>consiste <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>un <span class=\"__1 _6\"></span>% <span class=\"__1 _6\"></span>de la <span class=\"__1 _6\"></span>retribuci\u00f3n<span class=\"__1 _6\"></span> fija <span class=\"__1 _6\"></span>media <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>periodo <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>abarca<span class=\"__1 _1bc\"> </span>cada <span class=\"__1 _8\"></span>ciclo, <span class=\"__1 _6\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _6\"></span>os<span class=\"__1 _6\"></span>cila <span class=\"__1 _6\"></span>entre <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>85% <span class=\"__1 _6\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>500%, <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>funci\u00f3n <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>categor\u00eda <span class=\"__1 _8\"></span>prof<span class=\"__1 _6\"></span>esional <span class=\"__1 _8\"></span>del <span class=\"__1 _6\"></span>beneficiar<span class=\"__1 _6\"></span>io, <span class=\"__1 _8\"></span>y <span class=\"__1 _6\"></span>su<span class=\"__1 _1bc\"> </span>consecuci\u00f3n est\u00e1 v<span class=\"__1 _6\"></span>inculada a cuatro<span class=\"__1 _6\"></span> objetivos<span class=\"__1 _6\"></span> relacionados con los resu<span class=\"__1 _6\"></span>ltados econ\u00f3micos alcanza<span class=\"__1 _6\"></span>dos, con<span class=\"__1 _1bc\"> </span>la sostenibilidad<span class=\"__1 _6\"></span>, el clima organizacional y<span class=\"__1 _6\"></span> la cotizaci\u00f3n d<span class=\"__1 _6\"></span>e la acci\u00f3n de ENCE.<span class=\"__1 _1bc\"> </span>El importe <span class=\"__1 _6\"></span>del incen<span class=\"__1 _6\"></span>tivo s<span class=\"__1 _6\"></span>e liquida <span class=\"__1 _6\"></span>en u<span class=\"__1 _6\"></span>n 30% <span class=\"__1 _6\"></span>en met\u00e1lico y<span class=\"__1 _6\"></span> en <span class=\"__1 _6\"></span>un 70% <span class=\"__1 _6\"></span>mediante la <span class=\"__1 _6\"></span>entrega <span class=\"__1 _6\"></span>de acciones<span class=\"__1 _6\"></span> de<span class=\"__1 _1bc\"> </span>ENCE. <span class=\"__1 _4\"></span>E<span class=\"__1 _6\"></span>l <span class=\"__1 _4\"></span>n\u00famero <span class=\"__1 _4\"></span>de <span class=\"__1 _c8\"></span>acciones <span class=\"__1 _c8\"></span>a <span class=\"__1 _4\"></span>entregar <span class=\"__1 _c8\"></span>se <span class=\"__1 _4\"></span>determinar\u00e1 <span class=\"__1 _c8\"></span>considerand<span class=\"__1 _6\"></span>o <span class=\"__1 _4\"></span>como <span class=\"__1 _c8\"></span>precio <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>referencia <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>la<span class=\"__1 _1bc\"> </span>acci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>ENCE <span class=\"__1 _6\"></span>5,8031 <span class=\"__1 _6\"></span>\u20ac/acci\u00f3n <span class=\"__1 _6\"></span>(cotiz<span class=\"__1 _6\"></span>aci\u00f3n <span class=\"__1 _6\"></span>media <span class=\"__1 _6\"></span>teniendo <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>cuenta <span class=\"__1 _6\"></span>los<span class=\"__1 _8\"></span><span class=\"ff4\"> 20 <span class=\"__1 _6\"></span>d\u00edas <span class=\"__1 _6\"></span>anteriores <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>posteriores<span class=\"__1 _1bc\"> </span></span>al <span class=\"__1 _6\"></span>31 <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>diciembre<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>018). <span class=\"__1 _4\"></span>El <span class=\"__1 _6\"></span>Presidente <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>Consejero <span class=\"__1 _8\"></span>Delegado <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>resto <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>miembros <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>Comit\u00e9 <span class=\"__1 _8\"></span>de<span class=\"__1 _1bc\"> </span>Direcci\u00f3n asumen d<span class=\"__1 _6\"></span>eterminados compro<span class=\"__1 _6\"></span>misos de mantenimiento d<span class=\"__1 _6\"></span>e las acciones recibid<span class=\"__1 _6\"></span>as<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _c8\"> </span>colectivo <span class=\"__1 _c6\"> </span>del <span class=\"__1 _c6\"> </span>plan <span class=\"__1 _c8\"> </span>al <span class=\"__1 _c6\"> </span>31 <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>diciembre <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>2023 <span class=\"__1 _c8\"> </span>lo <span class=\"__1 _c6\"> </span>forman<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>65 <span class=\"__1 _c6\"> </span>personas <span class=\"__1 _c6\"> </span>integradas <span class=\"__1 _c8\"> </span>en  ENCE <span class=\"__1 _c8\"> </span>Celulosa.<span class=\"__1 _1bc\"> </span>Considerando el grad<span class=\"__1 _6\"></span>o de consecuci\u00f3n de los<span class=\"__1 _6\"></span> objetivos previstos en el Ciclo II de este Plan de Retribu<span class=\"__1 _6\"></span>ci\u00f3n y<span class=\"__1 _1bc\"> </span>asumiendo que e<span class=\"__1 _5\"></span>l colectivo vigente <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>e mantendr\u00e1 hasta la fecha <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _5\"></span>liquidaci\u00f3<span class=\"__1 _6\"></span>n, el <span class=\"__1 _70\"></span>coste<span class=\"__1 _6\"></span> previsto del <span class=\"__1 _70\"></span>mis<span class=\"__1 _6\"></span>mo<span class=\"__1 _1bc\"> </span>se estima en 0,8 <span class=\"ff6\">millon<span class=\"__1 _6\"></span>es \u20ac (aproximadamente un<span class=\"__1 _6\"></span> 55% corres<span class=\"__1 _6\"></span>ponder\u00eda a la Alta Direcci\u00f3n<span class=\"__1 _6\"></span>).<span class=\"__1 _6\"></span></span> El <span class=\"__1 _6\"></span>gasto <span class=\"__1 _6\"></span>/ <span class=\"__1 _6\"></span>(ingreso) <span class=\"__1 _6\"></span>devengado <span class=\"__1 _6\"></span>por <span class=\"__1 _6\"></span>este con<span class=\"__1 _6\"></span>cepto <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>los ejercicios <span class=\"__1 _6\"></span>202<span class=\"__1 _6\"></span>3 <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>2022, <span class=\"__1 _6\"></span>detallado <span class=\"__1 _8\"></span>considerando <span class=\"__1 _6\"></span>su<span class=\"__1 _1bc\"> </span>contrapartida <span class=\"__1 _6\"></span>es el siguiente:<span class=\"__1 _1bc\"> </span>De <span class=\"__1 _6\"></span>acuerdo <span class=\"__1 _8\"></span>con <span class=\"__1 _6\"></span>lo <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>revisto <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>Plan, <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>julio <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>2022 <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>e p<span class=\"__1 _6\"></span>rocedi\u00f3 <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>liquidaci\u00f3n <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>el Ciclo <span class=\"__1 _8\"></span>I <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>\u201cPlan <span class=\"__1 _8\"></span>de<span class=\"__1 _1bc\"> </span>Incentivos  a <span class=\"__1 _c8\"> </span>largo <span class=\"__1 _c6\"> </span>p<span class=\"__1 _6\"></span>lazo <span class=\"__1 _c6\"> </span>ENCE <span class=\"__1 _ca\"> </span>Energ\u00eda <span class=\"__1 _c6\"> </span>y <span class=\"__1 _ca\"> </span>Celulosa, <span class=\"__1 _c6\"> </span>S.A.  pa<span class=\"__1 _5\"></span>ra <span class=\"__1 _c6\"> </span>el <span class=\"__1 _ca\"> </span>periodo <span class=\"__1 _c6\"> </span>2019<span class=\"__1 _6\"></span>-20<span class=\"__1 _6\"></span>23, <span class=\"__1 _c6\"> </span>lo <span class=\"__1 _ca\"> </span>que <span class=\"__1 _c6\"> </span>su<span class=\"__1 _6\"></span>puesto <span class=\"__1 _ca\"> </span>la<span class=\"__1 _1bc\"> </span>liquidaci\u00f3n de 279 mil<span class=\"__1 _6\"></span>es \u20ac y 111.983 accion<span class=\"__1 _6\"></span>es de ENCE.<span class=\"__1 _1bc\"> </span>M<span class=\"__1 _70\"></span>i<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>s \u20ac<span class=\"__1 _1bc\"> </span>2023<span class=\"__1 _1bc\"> </span>Otros <span class=\"__1 _70\"></span>i<span class=\"__1 _8\"></span>nstrumentos<span class=\"__1 _6\"></span> de patr<span class=\"__1 _70\"></span>i<span class=\"__1 _6\"></span>mon<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>o neto (N<span class=\"__1 _6\"></span>ota 2<span class=\"__1 _70\"></span>0<span class=\"__1 _70\"></span>.<span class=\"__1 _6\"></span>7<span class=\"__1 _70\"></span>)<span class=\"__1 _ec\"> </span>1<span class=\"__1 _70\"></span>.<span class=\"__1 _6\"></span>2<span class=\"__1 _5\"></span>0<span class=\"__1 _70\"></span>5<span class=\"__1 _1bc\"> </span>Provi<span class=\"__1 _6\"></span>si<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>ne<span class=\"__1 _6\"></span>s a <span class=\"__1 _70\"></span>l<span class=\"__1 _6\"></span>argo <span class=\"__1 _70\"></span>y<span class=\"__1 _6\"></span> c<span class=\"__1 _70\"></span>orto plazo (No<span class=\"__1 _6\"></span>ta <span class=\"__1 _70\"></span>31<span class=\"__1 _70\"></span>)<span class=\"__1 _140\"> </span><span class=\"ls44\">230<span class=\"__1 _1bc\"> </span></span>1<span class=\"__1 _70\"></span>.43<span class=\"__1 _70\"></span>5<span class=\"__1 _1bc\"> </span>M<span class=\"__1 _70\"></span>i<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>s \u20ac<span class=\"__1 _1bc\"> </span>2023<span class=\"__1 _29\"> </span>2022<span class=\"__1 _1bc\"> </span>Otros <span class=\"__1 _70\"></span>i<span class=\"__1 _6\"></span>ns<span class=\"__1 _6\"></span>trumentos de pa<span class=\"__1 _5\"></span>trimoni<span class=\"__1 _6\"></span>o neto (N<span class=\"__1 _6\"></span>ota <span class=\"__1 _70\"></span>20<span class=\"__1 _70\"></span>.7<span class=\"__1 _70\"></span>)<span class=\"__1 _85\"> </span>(2<span class=\"__1 _5\"></span>4<span class=\"__1 _70\"></span>4<span class=\"__1 _5\"></span>)<span class=\"__1 _6d\"> </span><span class=\"ls45\">38<span class=\"__1 _1bc\"> </span></span>Provi<span class=\"__1 _6\"></span>si<span class=\"__1 _6\"></span>one<span class=\"__1 _6\"></span>s a <span class=\"__1 _70\"></span>l<span class=\"__1 _6\"></span>argo <span class=\"__1 _70\"></span>y c<span class=\"__1 _5\"></span>orto <span class=\"__1 _70\"></span>pl<span class=\"__1 _6\"></span>azo (Nota <span class=\"__1 _5\"></span>3<span class=\"__1 _70\"></span>1)<span class=\"__1 _130\"> </span>(10<span class=\"__1 _70\"></span>5<span class=\"__1 _70\"></span>)<span class=\"__1 _6d\"> </span><span class=\"ls45\">19<span class=\"__1 _1bc\"> </span></span>(3<span class=\"__1 _5\"></span>4<span class=\"__1 _70\"></span>9)<span class=\"__1 _a0\"> </span><span class=\"ls45\">57<span class=\"__1 _1bc\"> </span></span>Plan de ince<span class=\"__1 _6\"></span>ntivo a largo plazo para e<span class=\"__1 _6\"></span>l periodo 2021<span class=\"__1 _6\"></span>-<span class=\"ls12\">2025 </span>/ Magn<span class=\"__1 _6\"></span>on Green Energy<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _4\"></span>colectivo <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>lan <span class=\"__1 _4\"></span>al <span class=\"__1 _4\"></span>31 <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>diciembre <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>2023 <span class=\"__1 _4\"></span>lo <span class=\"__1 _4\"></span>f<span class=\"__1 _5\"></span>orman <span class=\"__1 _c8\"> </span><span class=\"ls12\">26</span> <span class=\"__1 _4\"></span>personas, <span class=\"__1 _4\"></span>todas <span class=\"__1 _4\"></span>ellas <span class=\"__1 _4\"></span>integradas <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>ENCE<span class=\"__1 _1bc\"> </span>Renovables, <span class=\"__1 _6\"></span>y el <span class=\"__1 _6\"></span>coste m\u00e1xi<span class=\"__1 _6\"></span>mo <span class=\"__1 _6\"></span>previsto <span class=\"__1 _6\"></span>considerando <span class=\"__1 _6\"></span>un <span class=\"__1 _6\"></span>grado de <span class=\"__1 _6\"></span>consecuci\u00f3n <span class=\"__1 _6\"></span>del 100% <span class=\"__1 _6\"></span>as<span class=\"__1 _6\"></span>ciende a <span class=\"__1 _4\"></span>3.021<span class=\"__1 _1bc\"> </span>miles \u20ac.<span class=\"ff4\"> </span>El <span class=\"__1 _6\"></span>gasto <span class=\"__1 _6\"></span>devengado <span class=\"__1 _6\"></span>por <span class=\"__1 _8\"></span>este concepto <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>ejercicio <span class=\"__1 _8\"></span><span class=\"ff6\">2023 <span class=\"__1 _6\"></span>ha <span class=\"__1 _6\"></span>sido <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>37 <span class=\"__1 _6\"></span>miles \u20ac <span class=\"__1 _6\"></span>(31 <span class=\"__1 _6\"></span>mile<span class=\"__1 _6\"></span>s <span class=\"__1 _6\"></span>\u20ac <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el ejer<span class=\"__1 _6\"></span></span>cicio<span class=\"__1 _1bc\"> </span>2022) <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>pasivo <span class=\"__1 _8\"></span>acumulado <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>dicha <span class=\"__1 _8\"></span>fecha <span class=\"__1 _8\"></span>asciende <span class=\"__1 _8\"></span>a <span class=\"__1 _4\"></span><span class=\"ls12\">11</span>4 <span class=\"__1 _8\"></span><span class=\"ff6\">miles <span class=\"__1 _8\"></span>\u20ac <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>s</span>e <span class=\"__1 _8\"></span>encuentra <span class=\"__1 _8\"></span>recogido <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>ep\u00edgrafe<span class=\"__1 _1bc\"> </span>\u201cProvisiones a<span class=\"__1 _6\"></span> largo plazo\u201d del estad<span class=\"__1 _6\"></span>o de situaci\u00f3n fin<span class=\"__1 _6\"></span>anciera consolidad<span class=\"__1 _6\"></span>o (v\u00e9ase nota 31).<span class=\"__1 _1bc\"> </span>Compromiso a largo p<span class=\"__1 _6\"></span>lazo extraordinario <span class=\"__1 _6\"></span>/ Magnon Green<span class=\"__1 _6\"></span> Energy<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _8\"></span>24 <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>marzo <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>2022 <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>Consejo <span class=\"__1 _4\"></span>Administraci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>Magnon <span class=\"__1 _8\"></span>Green <span class=\"__1 _4\"></span>Energy, <span class=\"__1 _8\"></span>S.L., <span class=\"__1 _4\"></span>aprob\u00f3 <span class=\"__1 _4\"></span><span class=\"ls14\">un <span class=\"__1 _8\"></span></span>incentivo <span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span>largo plazo dirigido a determinados empleados clave de la S<span class=\"__1 _5\"></span>ociedad. El incentivo permite a los benefici<span class=\"__1 _5\"></span>arios<span class=\"__1 _1bc\"> </span>percibir <span class=\"__1 _6\"></span>una <span class=\"__1 _6\"></span>retribuci\u00f3n <span class=\"__1 _6\"></span>extraordinaria <span class=\"__1 _8\"></span>pagadera <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>met\u00e1lico <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>vinculada <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>rentabilidad <span class=\"__1 _6\"></span>obtenida <span class=\"__1 _6\"></span>por <span class=\"__1 _6\"></span>los<span class=\"__1 _1bc\"> </span>accionistas entre el 18 <span class=\"__1 _5\"></span>de diciembre <span class=\"__1 _5\"></span>de 2020 y e<span class=\"__1 _5\"></span>l 18 de <span class=\"__1 _5\"></span>diciembre <span class=\"__1 _5\"></span>de 2028. Este incentivo se liquid<span class=\"__1 _5\"></span>ar\u00e1 en los<span class=\"__1 _1bc\"> </span>90 d\u00edas siguientes<span class=\"__1 _6\"></span> a la fecha de aprob<span class=\"__1 _6\"></span>aci\u00f3n de<span class=\"__1 _6\"></span> las cuentas<span class=\"__1 _6\"></span> anuales del ejercicio 2028.<span class=\"__1 _1bc\"> </span>Son <span class=\"__1 _4\"></span>requisitos <span class=\"__1 _4\"></span>im<span class=\"__1 _5\"></span>prescindibles <span class=\"__1 _4\"></span>para <span class=\"__1 _4\"></span>su <span class=\"__1 _8\"></span>devengo <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>consecuci\u00f3n <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>u<span class=\"__1 _6\"></span>na <span class=\"__1 _4\"></span>tasa <span class=\"__1 _8\"></span>in<span class=\"__1 _6\"></span>terna <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>rentabilidad <span class=\"__1 _4\"></span>(TIR)<span class=\"__1 _1bc\"> </span>m\u00ednima <span class=\"__1 _4\"></span>para <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>accionista <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>10%, <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>bene<span class=\"__1 _6\"></span>ficiario <span class=\"__1 _4\"></span>man<span class=\"__1 _6\"></span>tenga <span class=\"__1 _4\"></span>una <span class=\"__1 _4\"></span>relaci\u00f3n <span class=\"__1 _4\"></span>laboral <span class=\"__1 _4\"></span>o <span class=\"__1 _4\"></span>mercantil <span class=\"__1 _4\"></span>con<span class=\"__1 _1bc\"> </span>Magnon has<span class=\"__1 _6\"></span>ta la fecha de pago<span class=\"__1 _6\"></span>, con las salvedad<span class=\"__1 _6\"></span>es habituales para este tipo<span class=\"__1 _6\"></span> de incentivos<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _ca\"> </span>colectivo <span class=\"__1 _ca\"> </span>del  plan <span class=\"__1 _c6\"> </span>al  31 <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _ca\"> </span>diciembre  de <span class=\"__1 _c6\"> </span>2023<span class=\"__1 _6\"></span> <span class=\"__1 _ca\"> </span>lo <span class=\"__1 _ca\"> </span>forman  5  personas, <span class=\"__1 _ca\"> </span>y <span class=\"__1 _ca\"> </span>el  coste <span class=\"__1 _c6\"> </span>m\u00e1ximo<span class=\"__1 _6\"></span> <span class=\"__1 _ca\"> </span>previsto,<span class=\"__1 _1bc\"> </span>considerando u<span class=\"__1 _6\"></span>n grado de consecuci\u00f3n<span class=\"__1 _6\"></span> del 100%, asciende a <span class=\"__1 _8\"></span>4.938 <span class=\"ff6\">miles \u20ac.</span> El <span class=\"__1 _c8\"></span>gasto <span class=\"__1 _c8\"></span>/ <span class=\"__1 _4\"></span>(ingres<span class=\"__1 _6\"></span>o) <span class=\"__1 _c8\"></span>devengad<span class=\"__1 _6\"></span>o <span class=\"__1 _c8\"></span>por <span class=\"__1 _c8\"></span>este <span class=\"__1 _4\"></span>concepto<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>en <span class=\"__1 _c8\"></span>el <span class=\"__1 _c8\"> </span>ejercicio <span class=\"__1 _c8\"></span>2023<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>ha <span class=\"__1 _c8\"> </span>sido<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>n<span class=\"__1 _6\"></span>ulo <span class=\"__1 _c8\"></span>as\u00ed <span class=\"__1 _c8\"> </span>como <span class=\"__1 _c8\"></span>el <span class=\"__1 _c8\"></span>pasivo<span class=\"__1 _1bc\"> </span>acumulado a d<span class=\"__1 _6\"></span>icha fecha. 12.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Otros gastos de explotaci\u00f3n<span class=\"__1 _1bc\"> </span></span></span>El detalle <span class=\"__1 _70\"></span>de este e<span class=\"__1 _5\"></span>p\u00edgrafe del Estado <span class=\"__1 _5\"></span>de Re<span class=\"__1 _5\"></span>sultado consolidado de <span class=\"__1 _5\"></span>los ejercicios <span class=\"__1 _70\"></span>2023 y 2022 <span class=\"__1 _5\"></span>en los distintos<span class=\"__1 _1bc\"> </span>negocios desarrollad<span class=\"__1 _6\"></span>os por ENCE es el s<span class=\"__1 _6\"></span>iguiente:<span class=\"__1 _1bc\"> </span>(*) <span class=\"__1 _bd\"> </span><span class=\"ff6\">La diferencia entre la informaci\u00f3n del<span class=\"__1 _5\"></span> \u201cGrupo Consolidado\u201d al 31 de diciembre de<span class=\"__1 _5\"></span> 2023 y 2022 y la agregaci\u00f3n de<span class=\"__1 _1bc\"> </span></span>los <span class=\"__1 _70\"></span>negocios \u201c<span class=\"__1 _5\"></span>Celulosa\u201d <span class=\"__1 _70\"></span>y \u201c<span class=\"__1 _5\"></span>Energ\u00eda <span class=\"__1 _70\"></span>R<span class=\"__1 _6\"></span>enovable\u201d <span class=\"__1 _70\"></span>se <span class=\"__1 _70\"></span>co<span class=\"__1 _6\"></span>rresponde <span class=\"__1 _70\"></span>con <span class=\"__1 _5\"></span>eliminacio<span class=\"ff4\">nes <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>operaciones <span class=\"__1 _5\"></span>efectuadas <span class=\"__1 _70\"></span>entre<span class=\"__1 _1bc\"> </span></span>dichos negocios en 2023 y 2022 por 1.220 miles \u20ac y 1.211 miles \u20ac, respe<span class=\"__1 _5\"></span>ctivamente.<span class=\"__1 _1bc\"> </span>12.1<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Servicios exteriores<span class=\"__1 _1bc\"> </span></span></span>El desglose por <span class=\"__1 _6\"></span>conceptos del gasto d<span class=\"__1 _6\"></span>e servicios exteriores de los<span class=\"__1 _6\"></span> ejercicios 2023 y 2022 es<span class=\"__1 _6\"></span> el siguiente:<span class=\"__1 _1bc\"> </span>Se<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>vi<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span> exte<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s 14<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.28<span class=\"__1 _6\"></span>8 <span class=\"__1 _125\"> </span> 6<span class=\"__1 _6\"></span>6.8<span class=\"__1 _6\"></span>94<span class=\"__1 _6\"></span> <span class=\"__1 _33\"> </span> 21<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.96<span class=\"__1 _6\"></span>2 <span class=\"__1 _12\"> </span> 18<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.59<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span> <span class=\"__1 _fc\"> </span> 7<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.46<span class=\"__1 _6\"></span>6 <span class=\"__1 _33\"> </span> 2<span class=\"__1 _6\"></span>53<span class=\"__1 _6\"></span>.84<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span>Cons<span class=\"__1 _8\"></span>umo de<span class=\"__1 _5\"></span>rech<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> de e<span class=\"__1 _70\"></span>mi<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>\u00f3<span class=\"__1 _6\"></span>n 8.3<span class=\"__1 _6\"></span>44<span class=\"__1 _6\"></span> <span class=\"__1 _5a\"> </span> 3<span class=\"__1 _6\"></span>.28<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _fc\"> </span> 1<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.63<span class=\"__1 _6\"></span>2 <span class=\"__1 _1f\"> </span> 7.83<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _5a\"> </span> 2<span class=\"__1 _6\"></span>.81<span class=\"__1 _6\"></span>4 <span class=\"__1 _125\"> </span> 10<span class=\"__1 _6\"></span>.65<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>Tri<span class=\"__1 _8\"></span>butos 2.9<span class=\"__1 _6\"></span>93<span class=\"__1 _6\"></span> <span class=\"__1 _5a\"> </span> 2<span class=\"__1 _6\"></span>.02<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span> <span class=\"__1 _5a\"> </span> 5<span class=\"__1 _6\"></span>.01<span class=\"__1 _6\"></span>4 <span class=\"__1 _1f\"> </span> 2.16<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _5a\"> </span> 2<span class=\"__1 _6\"></span>.84<span class=\"__1 _6\"></span>2 <span class=\"__1 _59\"> </span> 5.0<span class=\"__1 _6\"></span>04<span class=\"__1 _1bc\"> </span>Var<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n d<span class=\"__1 _6\"></span>e l<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> pr<span class=\"__1 _6\"></span>ovi<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ones <span class=\"__1 _6\"></span>de t<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>\u00e1<span class=\"__1 _8\"></span>fi<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>y otros<span class=\"__1 _1bc\"> </span>           <span class=\"ls0_1\"> <span class=\"__1 _ec\"> </span> 12<span class=\"__1 _6\"></span>6 <span class=\"__1 _53\"> </span>(38<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>) <span class=\"__1 _141\"></span><span class=\"ls46\">           <span class=\"ls0_1\"> <span class=\"__1 _da\"> </span>(2<span class=\"__1 _6\"></span>27<span class=\"__1 _6\"></span>) <span class=\"__1 _141\"></span><span class=\"ls46\">           <span class=\"ls0_1\"> <span class=\"__1 _85\"> </span> 86<span class=\"__1 _6\"></span> <span class=\"__1 _e6\"> </span>(1<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>) <span class=\"__1 _141\"></span><span class=\"ls46\">           <span class=\"ls0_1\"> </span></span></span></span></span></span></span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> ga<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>tos<span class=\"__1 _6\"></span> n<span class=\"__1 _6\"></span>o or<span class=\"__1 _6\"></span>di<span class=\"__1 _8\"></span>na<span class=\"__1 _8\"></span>ri<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span> de l<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> op<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> (Not<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span> 3<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>)<span class=\"__1 _18\"> </span> 6<span class=\"__1 _6\"></span>19<span class=\"__1 _6\"></span> <span class=\"__1 _8b\"> </span> 40<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _5a\"> </span> 1<span class=\"__1 _6\"></span>.02<span class=\"__1 _6\"></span>8 <span class=\"__1 _41\"> </span> 21<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _ed\"> </span><span class=\"ls47\">- <span class=\"__1 _142\"></span><span class=\"ls46\">                  <span class=\"ls0_1\"> <span class=\"__1 _7e\"> </span> 21<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>0</span></span></span> 15<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.733<span class=\"__1 _6\"></span> <span class=\"__1 _125\"> </span> 72<span class=\"__1 _6\"></span>.738<span class=\"__1 _6\"></span> <span class=\"__1 _33\"> </span> 23<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.251<span class=\"__1 _6\"></span> <span class=\"__1 _12\"> </span> 21<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.366<span class=\"__1 _6\"></span> <span class=\"__1 _125\"> </span> 78<span class=\"__1 _6\"></span>.208<span class=\"__1 _6\"></span> <span class=\"__1 _33\"> </span> 29<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.363<span class=\"__1 _1bc\"> </span>31/12/2023<span class=\"__1 _1bc\"> </span>31/12/2022<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de e<span class=\"__1 _70\"></span>ur<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Ce<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span>a<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>nova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _1bc\"> </span>Grupo<span class=\"__1 _1bc\"> </span>Cons<span class=\"__1 _8\"></span>ol<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>da<span class=\"__1 _6\"></span>do<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Ce<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span>a<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>nova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _1bc\"> </span>Grupo<span class=\"__1 _1bc\"> </span>Cons<span class=\"__1 _8\"></span>ol<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>da<span class=\"__1 _6\"></span>d<span class=\"__1 _1bc\"> </span><div class=\"c_1 w2_1 h58 gsb3\"><div class=\"t_1 m0_1 x9a h8_1 y2f8 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x59 h3_1 y8cf ff2_1 fs1_1 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"ff4\"> (*) <span class=\"__1 _bf\"></span><span class=\"ff6\">La <span class=\"__1 _6\"></span>diferencia <span class=\"__1 _6\"></span>entre <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>informaci\u00f3n <span class=\"__1 _8\"></span>del \u201cGru<span class=\"__1 _6\"></span>po <span class=\"__1 _6\"></span>Consolidado\u201d <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>31 <span class=\"__1 _8\"></span>de diciembre <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>2023 <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>2022 <span class=\"__1 _8\"></span>y <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>agregaci\u00f3n <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span></span></span><span class=\"ff4\"><span class=\"ff6\"> </span></span></div><div class=\"t_1 m0_1 x8f he4 y8d0 ff6 fs1_1 fc0_1 sc0_1 ls0_1 ws0_1\">los negocios \u201cCelulosa\u201d y <span class=\"__1 _6\"></span>\u201cEnerg\u00eda <span class=\"__1 _6\"></span>Renovable\u201d se corresponde con<span class=\"__1 _6\"></span> eliminaciones de <span class=\"__1 _6\"></span>operaciones efectuadas <span class=\"__1 _6\"></span>entre<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x8f he4 y8d1 ff4 fs1_1 fc0_1 sc0_1 ls0_1 ws0_1\">dichos negocios en 2023 y 20<span class=\"ff6\">22 por 1.220 miles \u20ac y 1.211 miles \u20ac, respectivamente<span class=\"__1 _5\"></span>.<span class=\"__1 _1bc\"> </span></span><span class=\"ff6\"><span class=\"__1 _6\"></span><span class=\"ff4\"> </span></span></div><div class=\"t_1 m0_1 x1f h8_1 y8d2 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Las biof\u00e1bricas<span class=\"__1 _6\"></span> de ENCE <span class=\"__1 _6\"></span>Celulosa han p<span class=\"__1 _6\"></span>asado en 2023 de un r<span class=\"__1 _6\"></span>\u00e9gimen energ\u00e9tico en el qu<span class=\"__1 _6\"></span>e se vende toda <span class=\"__1 _6\"></span>la<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1f h8_1 y8d3 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">energ\u00eda producida y se adquiere la energ\u00eda necesaria para el proceso, a un r\u00e9gimen en el que s\u00f3lo<span class=\"__1 _6\"></span> se vende<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1f h8_1 y8d4 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">el <span class=\"__1 _70\"></span>ex<span class=\"__1 _6\"></span>cedente e<span class=\"__1 _5\"></span>ntre lo <span class=\"__1 _70\"></span>generado<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>y <span class=\"__1 _5\"></span>lo <span class=\"__1 _70\"></span>con<span class=\"__1 _6\"></span>sumido. Este <span class=\"__1 _5\"></span>cambio explica <span class=\"__1 _5\"></span>en <span class=\"__1 _70\"></span>gran<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>parte <span class=\"__1 _5\"></span>la <span class=\"__1 _5\"></span>reducci\u00f3n en <span class=\"__1 _70\"></span>los costes<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1f h8_1 y8d5 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">recogidos en la cuenta \u201c<span class=\"__1 _6\"></span>suministros<span class=\"__1 _6\"></span>\u201d respecto al ejercicio anterior.<span class=\"__1 _1bc\"> </span><span class=\"__1 _8\"></span><span class=\"ff4\"> </span></div><div class=\"t_1 m0_1 x1f h8_1 y8d6 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ENCE <span class=\"__1 _70\"></span>tiene contratado <span class=\"__1 _70\"></span>un <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>eguro <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>responsabilidad civil <span class=\"__1 _70\"></span>que <span class=\"__1 _70\"></span>cub<span class=\"__1 _6\"></span>re <span class=\"__1 _70\"></span>a <span class=\"__1 _5\"></span>todos <span class=\"__1 _5\"></span>sus <span class=\"__1 _70\"></span>administradores <span class=\"__1 _5\"></span>y <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>irectivos<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1f h8_1 y8d7 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">por <span class=\"__1 _6\"></span>da\u00f1<span class=\"__1 _6\"></span>os <span class=\"__1 _6\"></span>ocasionados <span class=\"__1 _8\"></span>por <span class=\"__1 _6\"></span>actos <span class=\"__1 _6\"></span>u <span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>misiones <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>ejercicio <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>su <span class=\"__1 _6\"></span>cargo. <span class=\"__1 _6\"></span>Su <span class=\"__1 _8\"></span>coste <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>2023 <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>2022 <span class=\"__1 _6\"></span>ha <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>ido<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1f h8_1 y8d8 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de 94 miles \u20ac. <span class=\"ff4\"> </span></div><div class=\"t_1 m0_1 x69 h64 y8d9 ff3_1 fs0_1 fc5 sc0_1 ls0_1 ws0_1\">12.2<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Honorarios de auditor\u00eda<span class=\"__1 _1bc\"> </span></span></span><span class=\"ff5\"><span class=\"ff3_1 fc3\"> </span></span></div><div class=\"t_1 m0_1 x50 h8_1 y8da ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">La <span class=\"__1 _5\"></span>firma <span class=\"__1 _70\"></span>qu<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>h<span class=\"__1 _6\"></span>a <span class=\"__1 _5\"></span>auditado las <span class=\"__1 _70\"></span>cuentas de <span class=\"__1 _70\"></span>las <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>ociedades que <span class=\"__1 _70\"></span>con<span class=\"__1 _6\"></span>forman <span class=\"__1 _5\"></span>el <span class=\"__1 _70\"></span>Grupo ENCE <span class=\"__1 _5\"></span>(v\u00e9ase <span class=\"__1 _5\"></span>Anexo <span class=\"__1 _5\"></span>I) <span class=\"__1 _5\"></span>en 2023<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x50 h8_1 y796 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">y 2022 ha sido<span class=\"__1 _6\"></span> KPMG Auditores, S.L.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x50 h8_1 y8db ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Durante <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>ejercicios <span class=\"__1 _8\"></span>2023 <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>2022, <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>h<span class=\"__1 _6\"></span>onorarios <span class=\"__1 _8\"></span>relativos <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>servicios <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>audito<span class=\"__1 _6\"></span>r\u00eda <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>cuentas <span class=\"__1 _8\"></span>y <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>otros<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x50 h8_1 y8dc ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">servicios prestad<span class=\"__1 _6\"></span>os por el auditor o por empresas<span class=\"__1 _6\"></span> vinculadas a<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span> auditor han s<span class=\"__1 _6\"></span>ido los siguientes:<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x65 h8_1 y3c4 ff2_1 fs1_1 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"__1 _143\"> </span><span class=\"ff4 fs4\"> </span></div><div class=\"t_1 m0_1 x50 h8_1 y8dd ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Los <span class=\"__1 _cb\"> </span>\u00fanicos  servicios  presta<span class=\"__1 _6\"></span>dos  por <span class=\"__1 _cb\"> </span>el  auditor<span class=\"__1 _6\"></span>  en <span class=\"__1 _cb\"> </span>2023,  relacionados <span class=\"__1 _cb\"> </span>con  los <span class=\"__1 _cb\"> </span>servici<span class=\"__1 _5\"></span>os <span class=\"__1 _cb\"> </span>de  auditor\u00eda,  s<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x50 h8_1 y30d ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">corresponden <span class=\"__1 _6\"></span>con <span class=\"__1 _6\"></span>servicios <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>revisi\u00f3n <span class=\"__1 _6\"></span>sobre <span class=\"__1 _6\"></span>ratios <span class=\"__1 _6\"></span>financieros <span class=\"__1 _6\"></span>para <span class=\"__1 _6\"></span>atender <span class=\"__1 _6\"></span>a las <span class=\"__1 _6\"></span>obligacion<span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>recogidas <span class=\"__1 _6\"></span>en<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x50 h8_1 y25c ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">los <span class=\"__1 _c6\"> </span>contratos<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>financiaci\u00f3n<span class=\"__1 _6\"></span>, <span class=\"__1 _c6\"> </span>serv<span class=\"__1 _6\"></span>icios <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>verificaci\u00f3n <span class=\"__1 _c6\"> </span>de<span class=\"__1 _6\"></span>l <span class=\"__1 _c6\"> </span>sis<span class=\"__1 _6\"></span>tema <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>control <span class=\"__1 _c6\"> </span>in<span class=\"__1 _6\"></span>terno <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c6\"> </span>infor<span class=\"__1 _6\"></span>maci\u00f3n<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x50 h8_1 y8de ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">financiera <span class=\"__1 _c8\"></span><span class=\"ls16\">y <span class=\"__1 _4\"></span></span>s<span class=\"__1 _6\"></span>ervicios <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>r<span class=\"__1 _6\"></span>evisi\u00f3n <span class=\"__1 _c8\"> </span>de<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>eterminadas <span class=\"__1 _c8\"></span>magnitud<span class=\"__1 _6\"></span>es <span class=\"__1 _c8\"></span>financieras <span class=\"__1 _c8\"></span>para <span class=\"__1 _c8\"></span>acreditar <span class=\"__1 _c8\"></span>la <span class=\"__1 _c8\"></span>condici\u00f3n <span class=\"__1 _c8\"></span>de<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x50 h8_1 y8df ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">consumidor <span class=\"__1 _6\"></span>electrointensivo<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>as\u00ed como <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>periodo <span class=\"__1 _6\"></span>medio d<span class=\"__1 _6\"></span>e p<span class=\"__1 _6\"></span>ago legal <span class=\"__1 _8\"></span>en varias<span class=\"__1 _6\"></span> insta<span class=\"__1 _6\"></span>laciones del <span class=\"__1 _6\"></span>Grupo<span class=\"__1 _6\"></span>. Por<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x50 h8_1 y396 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">su <span class=\"__1 _8\"></span>parte <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>apartad<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>\u201c<span class=\"__1 _6\"></span>Otros <span class=\"__1 _8\"></span>servicios\u201d <span class=\"__1 _8\"></span>incluye <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>rincipalmente <span class=\"__1 _4\"></span><span class=\"ff4\">servicios <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>verificaci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>informaci\u00f3n <span class=\"__1 _8\"></span>no<span class=\"__1 _1bc\"> </span></span><span class=\"ff4\"> </span></div><div class=\"t_1 m0_1 x50 h8_1 y397 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">financiera<span class=\"ls17\">. </span> </div></div><div class=\"c_1 wb4 h133 gsb4\"><div class=\"t_1 m1f x9 h134 y8e1 ff4 fs2f fc0_1 sc0_1 ls0_1 ws0_1\">Tra<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>te<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>, fl<span class=\"__1 _6\"></span>ete<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> y c<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span>te<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> c<span class=\"__1 _6\"></span>ome<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _1b\"> </span><span class=\"ls49\">            6<span class=\"__1 _6\"></span>2.55<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              3.26<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>            6<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.817<span class=\"__1 _6\"></span> <span class=\"__1 _126\"> </span>            6<span class=\"__1 _6\"></span>2.51<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              2.39<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>            6<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>.902<span class=\"__1 _1bc\"> </span></span><span class=\"ls49\"><span class=\"__1 _6\"></span> </span></div></div><div class=\"c_1 wb4 h133 gsb5\"><div class=\"t_1 m1f x9 h134 y8e1 ff4 fs2f fc0_1 sc0_1 ls0_1 ws0_1\">Sumi<span class=\"__1 _6\"></span>ni<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>tros<span class=\"__1 _13a\"> </span><span class=\"ls49\">            12<span class=\"__1 _6\"></span>.17<span class=\"__1 _6\"></span>7 <span class=\"__1 _cd\"> </span>              5<span class=\"__1 _6\"></span>.14<span class=\"__1 _6\"></span>7 <span class=\"__1 _c9\"> </span>            17<span class=\"__1 _6\"></span>.134<span class=\"__1 _6\"></span> <span class=\"__1 _126\"> </span>            5<span class=\"__1 _6\"></span>6.39<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              6.82<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>            6<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.970<span class=\"__1 _1bc\"> </span></span><span class=\"ls49\"><span class=\"__1 _6\"></span> </span></div></div><div class=\"c_1 wb5 h133 gsb6\"><div class=\"t_1 m1f x9 h134 y8e1 ff4 fs2f fc0_1 sc0_1 ls0_1 ws0_1\">Re<span class=\"__1 _5\"></span>pa<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>nes<span class=\"__1 _6\"></span> y c<span class=\"__1 _6\"></span>ons<span class=\"__1 _8\"></span>erva<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3<span class=\"__1 _6\"></span>n<span class=\"__1 _44\"> </span><span class=\"ls49\">            16<span class=\"__1 _6\"></span>.92<span class=\"__1 _6\"></span>6 <span class=\"__1 _c9\"> </span>            22<span class=\"__1 _6\"></span>.22<span class=\"__1 _6\"></span>5 <span class=\"__1 _c9\"> </span>            39<span class=\"__1 _6\"></span>.15<span class=\"__1 _6\"></span>1 <span class=\"__1 _126\"> </span>            1<span class=\"__1 _6\"></span>6.22<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>            2<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>.914<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>            41<span class=\"__1 _6\"></span>.138<span class=\"__1 _1bc\"> </span></span><span class=\"ls49\"><span class=\"__1 _6\"></span> </span></div></div><div class=\"c_1 wb5 h133 gsb7\"><div class=\"t_1 m1f x9 h134 y8e1 ff4 fs2f fc0_1 sc0_1 ls0_1 ws0_1\">Se<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>vi<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de profes<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>ndepe<span class=\"__1 _5\"></span>ndi<span class=\"__1 _8\"></span>ent<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _129\"> </span><span class=\"ls49\">              5<span class=\"__1 _6\"></span>.53<span class=\"__1 _6\"></span>1 <span class=\"__1 _cd\"> </span>              2<span class=\"__1 _6\"></span>.15<span class=\"__1 _6\"></span>2 <span class=\"__1 _cd\"> </span>              7<span class=\"__1 _6\"></span>.68<span class=\"__1 _6\"></span>3 <span class=\"__1 _33\"> </span>              4.98<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              2.90<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              7.89<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span></span><span class=\"ls49\"><span class=\"__1 _6\"></span> </span></div></div><div class=\"c_1 wb6 h133 gsb8\"><div class=\"t_1 m1f x9 h134 y8e6 ff4 fs2f fc0_1 sc0_1 ls0_1 ws0_1\">Pr<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>mas<span class=\"__1 _8\"></span> de s<span class=\"__1 _6\"></span>eguros<span class=\"__1 _13b\"> </span><span class=\"ls49\">              4.93<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              3.71<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              8.64<span class=\"__1 _6\"></span>3 <span class=\"__1 _33\"> </span>              4<span class=\"__1 _6\"></span>.388<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              3<span class=\"__1 _6\"></span>.578<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              7<span class=\"__1 _6\"></span>.966<span class=\"__1 _1bc\"> </span></span><span class=\"ls49\"><span class=\"__1 _6\"></span> </span></div></div><div class=\"c_1 wb6 h133 gsb9\"><div class=\"t_1 m1f x9 h134 y8e6 ff4 fs2f fc0_1 sc0_1 ls0_1 ws0_1\">Se<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>vi<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>ba<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span> y s<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>m<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>es<span class=\"__1 _98\"> </span><span class=\"ls49\">              2.33<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                 66<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>              3.00<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span> <span class=\"__1 _33\"> </span>              1.067<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                 8<span class=\"__1 _6\"></span>11<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>              1<span class=\"__1 _6\"></span>.878<span class=\"__1 _1bc\"> </span></span><span class=\"ls49\"><span class=\"__1 _6\"></span> </span></div></div><div class=\"c_1 wb7 h133 gsba\"><div class=\"t_1 m1f x9 h134 y8e6 ff4 fs2f fc0_1 sc0_1 ls0_1 ws0_1\">A<span class=\"__1 _5\"></span>rr<span class=\"__1 _6\"></span>enda<span class=\"__1 _6\"></span>mi<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>ntos<span class=\"__1 _6\"></span> y c<span class=\"__1 _6\"></span>\u00e1<span class=\"__1 _8\"></span>non<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span> (<span class=\"__1 _6\"></span>Not<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span> 1<span class=\"__1 _6\"></span>7.3)<span class=\"__1 _ec\"> </span><span class=\"ls49\">                 6<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>8 <span class=\"__1 _cf\"> </span>                 2<span class=\"__1 _6\"></span>64<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>                 9<span class=\"__1 _6\"></span>42<span class=\"__1 _6\"></span> <span class=\"__1 _20\"> </span>                 57<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>                 20<span class=\"__1 _6\"></span>2 <span class=\"__1 _cf\"> </span>                 7<span class=\"__1 _6\"></span>74<span class=\"__1 _1bc\"> </span></span><span class=\"ls49\"><span class=\"__1 _6\"></span> </span></div></div><div class=\"c_1 wb7 h133 gsbb\"><div class=\"t_1 m1f x9 h134 y8e6 ff4 fs2f fc0_1 sc0_1 ls0_1 ws0_1\">Pub<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>da<span class=\"__1 _8\"></span>d, pr<span class=\"__1 _6\"></span>opa<span class=\"__1 _8\"></span>ga<span class=\"__1 _6\"></span>nda<span class=\"__1 _8\"></span> y r<span class=\"__1 _6\"></span>el<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span> p\u00fabl<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> <span class=\"__1 _83\"> </span><span class=\"ls49\">              3<span class=\"__1 _6\"></span>.812<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                 1<span class=\"__1 _6\"></span>58<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>              3<span class=\"__1 _6\"></span>.970<span class=\"__1 _6\"></span> <span class=\"__1 _33\"> </span>              1.02<span class=\"__1 _6\"></span>9 <span class=\"__1 _cd\"> </span>                 1<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>9 <span class=\"__1 _cf\"> </span>              1<span class=\"__1 _6\"></span>.14<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span></span><span class=\"ls49\"> </span></div></div><div class=\"c_1 wb8 h133 gsbc\"><div class=\"t_1 m1f x9 h134 y8e6 ff4 fs2f fc0_1 sc0_1 ls0_1 ws0_1\">Ga<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>tos<span class=\"__1 _8\"></span> de i<span class=\"__1 _6\"></span>nv<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span>ti<span class=\"__1 _8\"></span>ga<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n y d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>ol<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>o<span class=\"__1 _52\"> </span><span class=\"ls49\">                 15<span class=\"__1 _6\"></span>5 <span class=\"__1 _cf\"> </span>                      7<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                 16<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _33\"> </span>                    72<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _4\"> </span>                    7<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span></span><span class=\"ls49\"> </span></div></div><div class=\"c_1 wb8 h133 gsbd\"><div class=\"t_1 m1f x9 h134 y8e6 ff4 fs2f fc0_1 sc0_1 ls0_1 ws0_1\">Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> s<span class=\"__1 _6\"></span>ervi<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>os<span class=\"__1 _f8\"> </span><span class=\"ls49\">            38.18<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>            2<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>.298<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>            6<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.457<span class=\"__1 _6\"></span> <span class=\"__1 _126\"> </span>            3<span class=\"__1 _6\"></span>5.35<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>            3<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.722<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>            65<span class=\"__1 _6\"></span>.104</span><span class=\"ls49\"><span class=\"__1 _6\"></span> </span></div></div><div class=\"c_1 wb9 h133 gsbe\"><div class=\"t_1 m1f xcb h135 y8ed ff3_1 fs2f fc0_1 sc0_1 ls0_1 ws0_1\">  1<span class=\"__1 _6\"></span>47<span class=\"__1 _6\"></span>.28<span class=\"__1 _6\"></span>8 <span class=\"__1 _6\"></span>  <span class=\"__1 _126\"> </span>  6<span class=\"__1 _6\"></span>6.89<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>   <span class=\"__1 _124\"> </span> <span class=\"__1 _6\"></span> 21<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.96<span class=\"__1 _6\"></span>2   <span class=\"__1 _108\"> </span>  1<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>59<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>   <span class=\"__1 _126\"> </span>  <span class=\"__1 _6\"></span>72<span class=\"__1 _6\"></span>.46<span class=\"__1 _6\"></span>6 <span class=\"__1 _6\"></span>  <span class=\"__1 _124\"> </span>  2<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>84<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span>   </div></div><div class=\"c_1 wba h136 gsbf\"><div class=\"t_1 m1f xb4 h135 y8ef ff3_1 fs2f fc0_1 sc0_1 ls4a ws0_1\">31/12/2022<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 wbb h137 gsc0\"><div class=\"t_1 m1f x9 h134 y8f1 ff4 fs2f fc0_1 sc0_1 ls0_1 ws0_1\">Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de e<span class=\"__1 _5\"></span>ur<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 wbc h138 gsc1\"><div class=\"t_1 m1f xc0 h134 y8f3 ff4 fs2f fc0_1 sc0_1 ls0_1 ws0_1\">Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m1f x14 h134 y8f4 ff4 fs2f fc0_1 sc0_1 ls0_1 ws0_1\">Ce<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 wbc h138 gsc2\"><div class=\"t_1 m1f x21 h134 y8f3 ff4 fs2f fc0_1 sc0_1 ls0_1 ws0_1\">Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m1f xa h134 y8f4 ff4 fs2f fc0_1 sc0_1 ls0_1 ws0_1\">Re<span class=\"__1 _5\"></span>nova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 wbc h138 gsc3\"><div class=\"t_1 m1f x98 h134 y8f3 ff4 fs2f fc0_1 sc0_1 ls0_1 ws0_1\">Grup<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m1f x3a h134 y8f4 ff4 fs2f fc0_1 sc0_1 ls0_1 ws0_1\">c<span class=\"__1 _6\"></span>ons<span class=\"__1 _8\"></span>ol<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>da<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 wbc h138 gsc4\"><div class=\"t_1 m1f xc0 h134 y8f3 ff4 fs2f fc0_1 sc0_1 ls0_1 ws0_1\">Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m1f x14 h134 y8f4 ff4 fs2f fc0_1 sc0_1 ls0_1 ws0_1\">Ce<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 wbc h138 gsc5\"><div class=\"t_1 m1f x21 h134 y8f3 ff4 fs2f fc0_1 sc0_1 ls0_1 ws0_1\">Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m1f xa h134 y8f4 ff4 fs2f fc0_1 sc0_1 ls0_1 ws0_1\">Re<span class=\"__1 _5\"></span>nova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 wbd h139 gsc6\"><div class=\"t_1 m1f xd1 h135 y8fa ff3_1 fs2f fc0_1 sc0_1 ls4a ws0_1\">31/12/2023<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 wbe h138 gsc7\"><div class=\"t_1 m1f x98 h134 y8f3 ff4 fs2f fc0_1 sc0_1 ls0_1 ws0_1\">Grup<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m1f x3a h134 y8f4 ff4 fs2f fc0_1 sc0_1 ls0_1 ws0_1\">c<span class=\"__1 _6\"></span>ons<span class=\"__1 _8\"></span>ol<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>da<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 wbf h13a gsc8\"><div class=\"t_1 m20 x9 h13b y8fd ff7 fs30 fc0_1 sc0_1 ls0_1 ws0_1\">M<span class=\"__1 _5\"></span>il<span class=\"__1 _70\"></span>e<span class=\"__1 _6\"></span>s \u20ac<span class=\"__1 _b8\"> </span><span class=\"ff3_1 ls4b\">2023<span class=\"__1 _18\"> </span>2022<span class=\"__1 _1bc\"> </span></span></div></div><div class=\"c_1 wc0 h13c gsc9\"><div class=\"t_1 m20 x9 h13d y8ff ff4 fs30 fc0_1 sc0_1 ls0_1 ws0_1\">Se<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _4\"></span>os<span class=\"__1 _8\"></span> de<span class=\"__1 _5\"></span> a<span class=\"__1 _8\"></span>udi<span class=\"__1 _4\"></span>t<span class=\"__1 _70\"></span>or<span class=\"__1 _6\"></span>\u00eda<span class=\"__1 _10d\"> </span><span class=\"ls4b\">235<span class=\"__1 _a\"> </span>235<span class=\"__1 _1bc\"> </span></span></div></div><div class=\"c_1 wc0 h13c gsca\"><div class=\"t_1 m20 x9 h13d y8ff ff4 fs30 fc0_1 sc0_1 ls0_1 ws0_1\">Se<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _4\"></span>os<span class=\"__1 _8\"></span> r<span class=\"__1 _6\"></span>e<span class=\"__1 _70\"></span>l<span class=\"__1 _4\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _4\"></span>ona<span class=\"__1 _8\"></span>dos<span class=\"__1 _8\"></span> c<span class=\"__1 _8\"></span>on l<span class=\"__1 _4\"></span>a<span class=\"__1 _6\"></span> a<span class=\"__1 _8\"></span>udi<span class=\"__1 _4\"></span>t<span class=\"__1 _70\"></span>or<span class=\"__1 _8\"></span>\u00eda<span class=\"__1 _10c\"> </span><span class=\"ls4b\">25<span class=\"__1 _79\"> </span>13<span class=\"__1 _1bc\"> </span></span></div></div><div class=\"c_1 wc0 h13c gscb\"><div class=\"t_1 m20 x9 h13d y902 ff4 fs30 fc0_1 sc0_1 ls0_1 ws0_1\">Otr<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> s<span class=\"__1 _8\"></span>ervi<span class=\"__1 _4\"></span>ci<span class=\"__1 _4\"></span>os<span class=\"__1 _13c\"> </span><span class=\"ls4b\">56<span class=\"__1 _3f\"> </span>43<span class=\"__1 _1bc\"> </span></span></div></div>13.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Gastos e ingresos financieros<span class=\"__1 _1bc\"> </span></span></span>El <span class=\"__1 _4\"></span>detalle <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>estos <span class=\"__1 _8\"></span>ep\u00edgrafes <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>Estad<span class=\"__1 _6\"></span>o <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>Resultado <span class=\"__1 _8\"></span>Consolida<span class=\"__1 _6\"></span>do <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>los <span class=\"__1 _4\"></span>ejerci<span class=\"__1 _5\"></span>cios <span class=\"__1 _4\"></span>2023 <span class=\"__1 _8\"></span>y <span class=\"__1 _4\"></span>2022 <span class=\"__1 _8\"></span>es <span class=\"__1 _4\"></span>como<span class=\"__1 _1bc\"> </span>sigue:<span class=\"__1 _1bc\"> </span>La cuenta <span class=\"__1 _6\"></span>\u201cOtros<span class=\"__1 _6\"></span> ingresos <span class=\"__1 _6\"></span>finan<span class=\"__1 _6\"></span>cieros\u201d recog<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span><span class=\"ff4\">principal<span class=\"__1 _6\"></span>mente la <span class=\"__1 _6\"></span>remunerac<span class=\"__1 _6\"></span>i\u00f3n o<span class=\"__1 _6\"></span>btenida <span class=\"__1 _6\"></span>de los<span class=\"__1 _6\"></span> excedentes<span class=\"__1 _6\"></span> de<span class=\"__1 _1bc\"> </span></span>tesorer\u00eda.<span class=\"__1 _1bc\"> </span>Tot<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _bb\"> </span>Total<span class=\"__1 _1bc\"> </span>Ga<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>tos<span class=\"__1 _8\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>ro<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>-<span class=\"__1 _1bc\"> </span>Bono Co<span class=\"__1 _6\"></span>nverti<span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _13d\"> </span><span class=\"ls4c\">                (19<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>)<span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _6\"></span>                (1<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>3)<span class=\"__1 _c7\"> </span>            (2<span class=\"__1 _6\"></span>.28<span class=\"__1 _6\"></span>5)<span class=\"__1 _2a\"> </span>                     -   <span class=\"__1 _4\"> </span>            (2.28<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>Ob<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>ga<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span> / Not<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _13e\"> </span><span class=\"ls4c\">                     -   <span class=\"__1 _4\"> </span>            (5.46<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (5.46<span class=\"__1 _6\"></span>0)<span class=\"__1 _106\"> </span>                     -   <span class=\"__1 _c8\"> </span>            (3.09<span class=\"__1 _6\"></span>1)<span class=\"__1 _cf\"> </span>            (3<span class=\"__1 _6\"></span>.091<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>Pr<span class=\"__1 _6\"></span>\u00e9s<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>mos<span class=\"__1 _6\"></span>, l<span class=\"__1 _6\"></span>\u00edn<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> de cr<span class=\"__1 _6\"></span>\u00e9di<span class=\"__1 _6\"></span>to y o<span class=\"__1 _6\"></span>tros<span class=\"__1 _11c\"> </span><span class=\"ls4c\">          (1<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.882<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (3.52<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (20<span class=\"__1 _6\"></span>.40<span class=\"__1 _6\"></span>2)<span class=\"__1 _bd\"> </span>            (3<span class=\"__1 _6\"></span>.453<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (2.25<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (5.70<span class=\"__1 _6\"></span>9)<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>tua<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>za<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _6\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _8\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span> Va<span class=\"__1 _6\"></span>j<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>m y ot<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> (Not<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>23<span class=\"__1 _6\"></span> y 2<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>)<span class=\"__1 _cc\"> </span><span class=\"ls4c\">            (3<span class=\"__1 _6\"></span>.55<span class=\"__1 _6\"></span>5)<span class=\"__1 _cf\"> </span>            (5<span class=\"__1 _6\"></span>.598<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (9.15<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>)<span class=\"__1 _b7\"> </span>            (2<span class=\"__1 _6\"></span>.64<span class=\"__1 _6\"></span>2)<span class=\"__1 _cf\"> </span>            (6<span class=\"__1 _6\"></span>.215<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (8.85<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>Comi<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> y otr<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> ga<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>os<span class=\"__1 _13f\"> </span><span class=\"ls4c\">            (1.28<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)<span class=\"__1 _ce\"> </span>            (1<span class=\"__1 _6\"></span>.47<span class=\"__1 _6\"></span>1)<span class=\"__1 _cf\"> </span>            (2<span class=\"__1 _6\"></span>.751<span class=\"__1 _6\"></span>)<span class=\"__1 _bd\"> </span>            (1.76<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (2.44<span class=\"__1 _6\"></span>9)<span class=\"__1 _cf\"> </span>            (4<span class=\"__1 _6\"></span>.211<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>Ca<span class=\"__1 _6\"></span>pi<span class=\"__1 _8\"></span>ta<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>za<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> ga<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>tos<span class=\"__1 _6\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _8\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>ro<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> (N<span class=\"__1 _5\"></span>ota<span class=\"__1 _6\"></span> 1<span class=\"__1 _6\"></span>8)<span class=\"__1 _8b\"> </span><span class=\"ls4c\">                 3<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>6 <span class=\"__1 _cf\"> </span>                      9<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                 32<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _b7\"> </span>                 2<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>7 <span class=\"__1 _cd\"> </span>                    2<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                 27<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span></span>Re<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>tado<span class=\"__1 _6\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>o i<span class=\"__1 _8\"></span>ntra<span class=\"__1 _8\"></span>-neg<span class=\"__1 _5\"></span>oc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _de\"> </span><span class=\"ls4c\">                 78<span class=\"__1 _6\"></span>7 <span class=\"__1 _c9\"> </span>                (78<span class=\"__1 _6\"></span>7)<span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _5c\"> </span>              1.02<span class=\"__1 _6\"></span>2 <span class=\"__1 _c9\"> </span>            (1.02<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>)<span class=\"__1 _d0\"> </span>                     -  </span>De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>hos<span class=\"__1 _8\"></span> de us<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>br<span class=\"__1 _6\"></span>e ac<span class=\"__1 _6\"></span>ti<span class=\"__1 _8\"></span>vos<span class=\"__1 _8\"></span> (Not<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span> 1<span class=\"__1 _6\"></span>7)<span class=\"__1 _e\"> </span><span class=\"ls4c\">            (2.27<span class=\"__1 _6\"></span>4)<span class=\"__1 _cd\"> </span>                  (9<span class=\"__1 _6\"></span>0)<span class=\"__1 _cf\"> </span>            (2<span class=\"__1 _6\"></span>.364<span class=\"__1 _6\"></span>)<span class=\"__1 _bd\"> </span>            (1.92<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>                  (51<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (1.97<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>)</span>          (23<span class=\"__1 _6\"></span>.08<span class=\"__1 _6\"></span>1)<span class=\"__1 _cd\"> </span>          (1<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.917<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (39<span class=\"__1 _6\"></span>.99<span class=\"__1 _6\"></span>8)<span class=\"__1 _c7\"> </span>          (1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.800<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (1<span class=\"__1 _6\"></span>5.05<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (25<span class=\"__1 _6\"></span>.85<span class=\"__1 _6\"></span>9)<span class=\"__1 _1bc\"> </span>I<span class=\"__1 _6\"></span>ngr<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>ro<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>-<span class=\"__1 _1bc\"> </span>Contra<span class=\"__1 _8\"></span>pr<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>tac<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _6\"></span> c<span class=\"__1 _6\"></span>onti<span class=\"__1 _8\"></span>nge<span class=\"__1 _5\"></span>nte<span class=\"__1 _70\"></span> (Nota <span class=\"__1 _6\"></span>27<span class=\"__1 _6\"></span>)<span class=\"__1 _52\"> </span><span class=\"ls4c\">                 869<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>                 15<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>              1.02<span class=\"__1 _6\"></span>5 <span class=\"__1 _c7\"> </span>                 8<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>1 <span class=\"__1 _cf\"> </span>                 1<span class=\"__1 _6\"></span>44<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>              1.00<span class=\"__1 _6\"></span>5<span class=\"__1 _1bc\"> </span></span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> i<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>gres<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _8\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>os<span class=\"__1 _144\"> </span><span class=\"ls4c\">              4.75<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                 77<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>              5<span class=\"__1 _6\"></span>.53<span class=\"__1 _6\"></span>5 <span class=\"__1 _145\"> </span>                    34<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>                    3<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>                    6<span class=\"__1 _6\"></span>7</span>              5.62<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                 93<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>              6<span class=\"__1 _6\"></span>.56<span class=\"__1 _6\"></span>0 <span class=\"__1 _c7\"> </span>                 8<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>5 <span class=\"__1 _cf\"> </span>                 1<span class=\"__1 _6\"></span>77<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>              1.07<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>va<span class=\"__1 _6\"></span>do<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e cobertur<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>-  Li<span class=\"__1 _6\"></span>qui<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n I<span class=\"__1 _8\"></span>RSwap<span class=\"__1 _6\"></span> (Not<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span> 3<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)<span class=\"__1 _146\"> </span><span class=\"ls4c\">                    86<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              3.15<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              3.24<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _a8\"> </span>                     -   <span class=\"__1 _4\"> </span>            (1<span class=\"__1 _6\"></span>.46<span class=\"__1 _6\"></span>9)<span class=\"__1 _cf\"> </span>            (1<span class=\"__1 _6\"></span>.469<span class=\"__1 _6\"></span>)</span>                    86<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              3.15<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              3.24<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _a8\"> </span>                     -   <span class=\"__1 _4\"> </span>            (1<span class=\"__1 _6\"></span>.46<span class=\"__1 _6\"></span>9)<span class=\"__1 _cf\"> </span>            (1<span class=\"__1 _6\"></span>.469<span class=\"__1 _6\"></span>)          (17<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>36<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (12.82<span class=\"__1 _6\"></span>6)<span class=\"__1 _cd\"> </span>          (3<span class=\"__1 _6\"></span>0.193<span class=\"__1 _6\"></span>)<span class=\"__1 _bd\"> </span>            (9.905<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (16<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>35<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (26.25<span class=\"__1 _6\"></span>6)<span class=\"__1 _1bc\"> </span>31/12/2023<span class=\"__1 _1bc\"> </span>31/12/2022<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de e<span class=\"__1 _5\"></span>ur<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Ce<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>nova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Ce<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>nova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-537": {
   "value": "10.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Apr<span class=\"__1 _6\"></span>ovisionamientos<span class=\"__1 _1bc\"> </span></span></span>El ep\u00edgrafe <span class=\"ff6\">\u201c</span>Aprovision<span class=\"__1 _6\"></span>amientos<span class=\"__1 _6\"></span><span class=\"ff6\">\u201d</span> en los ejercicios<span class=\"__1 _6\"></span> 2023 y 2022 s<span class=\"__1 _6\"></span>e desglosa en:<span class=\"__1 _1bc\"> </span>(*) <span class=\"__1 _c4\"> </span><span class=\"ff6\">L<span class=\"__1 _6\"></span>a diferencia entre la i<span class=\"__1 _6\"></span>nformaci\u00f3n del \u201cGrupo <span class=\"__1 _6\"></span>Consolidado\u201d al 31 <span class=\"__1 _6\"></span>de diciembre <span class=\"__1 _6\"></span>de 2023 y 2022 <span class=\"__1 _6\"></span>y la<span class=\"__1 _6\"></span> agregaci\u00f3n de<span class=\"__1 _1bc\"> </span></span>los <span class=\"__1 _70\"></span>negocios <span class=\"__1 _70\"></span>\u201cCelulosa\u201d <span class=\"__1 _5\"></span>y <span class=\"__1 _70\"></span>\u201cEnerg\u00eda <span class=\"__1 _70\"></span>R<span class=\"__1 _6\"></span>enovable\u201d <span class=\"__1 _70\"></span>se <span class=\"__1 _70\"></span>corresponde <span class=\"__1 _70\"></span>con elimin<span class=\"__1 _5\"></span>aciones <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>op<span class=\"__1 _6\"></span>eraciones <span class=\"__1 _70\"></span>e<span class=\"__1 _6\"></span><span class=\"ff4\">fectuadas <span class=\"__1 _5\"></span>entre <span class=\"__1 _70\"></span>dichos<span class=\"__1 _1bc\"> </span></span>negocios en 2023 y 2022 por 2.730 miles \u20ac y 3.809 miles \u20ac, respectivamente<span class=\"__1 _5\"></span>.<span class=\"__1 _1bc\"> </span>En  este  ep\u00edgrafe  se  incluyen  principalmente  costes  de  adquisici\u00f3n  de  madera,  de  productos  qu\u00edmicos,<span class=\"__1 _1bc\"> </span>combustibles y o<span class=\"__1 _6\"></span>tros costes variables, a<span class=\"__1 _6\"></span>s\u00ed como servicios<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e aprovechamiento y tra<span class=\"__1 _6\"></span>nsporte de madera.<span class=\"__1 _1bc\"> </span>11.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Personal<span class=\"__1 _1bc\"> </span></span></span>Los <span class=\"__1 _6\"></span>gas<span class=\"__1 _6\"></span>tos <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>pers<span class=\"__1 _6\"></span>onal <span class=\"__1 _6\"></span>incurridos <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>ejercicios <span class=\"__1 _6\"></span>2023 <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>2022 <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>distintos <span class=\"__1 _6\"></span>negocios<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>desarrollad<span class=\"__1 _6\"></span>os <span class=\"__1 _6\"></span>por<span class=\"__1 _1bc\"> </span>ENCE son<span class=\"__1 _6\"></span> los siguientes:<span class=\"__1 _1bc\"> </span>Compra<span class=\"__1 _8\"></span>s<span class=\"__1 _12b\"> </span>  2<span class=\"__1 _6\"></span>92<span class=\"__1 _6\"></span>.62<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>   <span class=\"__1 _eb\"> </span>  5<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.87<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>   <span class=\"__1 _12c\"> </span>  3<span class=\"__1 _6\"></span>42<span class=\"__1 _6\"></span>.92<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>   <span class=\"__1 _101\"> </span>  29<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.64<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>   <span class=\"__1 _eb\"> </span>  7<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.54<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>   <span class=\"__1 _12c\"> </span>  36<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.90<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> V<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n <span class=\"__1 _6\"></span>de e<span class=\"__1 _70\"></span>x<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>  mate<span class=\"__1 _5\"></span>ri<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _1bc\"> </span>pr<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ma<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> y a<span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>xi<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>r<span class=\"__1 _6\"></span>es  2<span class=\"__1 _6\"></span>3.5<span class=\"__1 _6\"></span>74<span class=\"__1 _6\"></span>   <span class=\"__1 _d1\"> </span><span class=\"ls3e\">         (1.18<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)   <span class=\"__1 _eb\"> </span></span>  22<span class=\"__1 _6\"></span>.39<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>   <span class=\"__1 _12c\"> </span><span class=\"ls3e\">       (1<span class=\"__1 _6\"></span>3.21<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>)   <span class=\"__1 _cc\"> </span>         (8<span class=\"__1 _6\"></span>.217<span class=\"__1 _6\"></span>)   <span class=\"__1 _ce\"> </span>       (2<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.430<span class=\"__1 _6\"></span>) </span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> ga<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>tos<span class=\"__1 _6\"></span> exte<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>nos<span class=\"__1 _12d\"> </span>  3<span class=\"__1 _6\"></span>5.3<span class=\"__1 _6\"></span>01<span class=\"__1 _6\"></span>   <span class=\"__1 _eb\"> </span>  1<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.42<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>   <span class=\"__1 _eb\"> </span>  5<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.56<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>   <span class=\"__1 _4d\"> </span>  3<span class=\"__1 _6\"></span>1.8<span class=\"__1 _6\"></span>88<span class=\"__1 _6\"></span>   <span class=\"__1 _eb\"> </span>  2<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.42<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>   <span class=\"__1 _eb\"> </span>  5<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.77<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span> 35<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.49<span class=\"__1 _6\"></span>5 <span class=\"__1 _103\"> </span>6<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>1<span class=\"__1 _6\"></span>23<span class=\"__1 _6\"></span> <span class=\"__1 _f9\"> </span>416<span class=\"__1 _6\"></span>.88<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _af\"> </span>31<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>32<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _103\"> </span>92<span class=\"__1 _6\"></span>.74<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _80\"> </span>4<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>25<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span>31/12/2023<span class=\"__1 _1bc\"> </span>31/12/2022<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> e<span class=\"__1 _5\"></span>ur<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>N<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>goci<span class=\"__1 _4\"></span>o<span class=\"__1 _1bc\"> </span>Ce<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span>N<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>goci<span class=\"__1 _4\"></span>o<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>ova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>es<span class=\"__1 _1bc\"> </span>Grup<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>Cons<span class=\"__1 _8\"></span>ol<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>N<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>goci<span class=\"__1 _4\"></span>o<span class=\"__1 _1bc\"> </span>Ce<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span>N<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>goci<span class=\"__1 _4\"></span>o<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>ova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>es<span class=\"__1 _1bc\"> </span>Grup<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>Cons<span class=\"__1 _8\"></span>ol<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>11.1<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Datos de plantilla<span class=\"__1 _1bc\"> </span></span></span>La <span class=\"__1 _6\"></span>plantilla <span class=\"__1 _6\"></span>media <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>Grupo <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>ejercicios 2023 <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>2022, <span class=\"__1 _6\"></span>detallada <span class=\"__1 _6\"></span>po<span class=\"__1 _6\"></span>r <span class=\"__1 _6\"></span>categor\u00eda <span class=\"__1 _6\"></span>profesional <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>sexo, <span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>la<span class=\"__1 _1bc\"> </span>siguiente:<span class=\"__1 _1bc\"> </span>As\u00ed <span class=\"__1 _5\"></span>mismo <span class=\"__1 _5\"></span>la <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>istribuci\u00f3n de <span class=\"__1 _70\"></span>la <span class=\"__1 _70\"></span>plan<span class=\"__1 _6\"></span>tilla <span class=\"__1 _5\"></span>del <span class=\"__1 _70\"></span>Gru<span class=\"__1 _6\"></span>po <span class=\"__1 _70\"></span>al 31 <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>diciembre <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>2023 y <span class=\"__1 _70\"></span>2022, detallada <span class=\"__1 _70\"></span>por categor\u00eda<span class=\"__1 _1bc\"> </span>profesional y s<span class=\"__1 _6\"></span>exo, es la siguiente:<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de e<span class=\"__1 _70\"></span>u<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>N<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Ce<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span>N<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>ova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _1bc\"> </span>Grup<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>Cons<span class=\"__1 _8\"></span>ol<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>da<span class=\"__1 _8\"></span>do<span class=\"__1 _1bc\"> </span>N<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Ce<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span>N<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>ova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _1bc\"> </span>Grup<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>Cons<span class=\"__1 _8\"></span>ol<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>da<span class=\"__1 _8\"></span>do<span class=\"__1 _1bc\"> </span>Suel<span class=\"__1 _6\"></span>dos<span class=\"__1 _8\"></span> y s<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>os<span class=\"__1 _120\"> </span>  6<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.83<span class=\"__1 _6\"></span>9 <span class=\"__1 _6\"></span>  <span class=\"__1 _110\"> </span>  1<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.47<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>   <span class=\"__1 _110\"> </span>  7<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.31<span class=\"__1 _6\"></span>6 <span class=\"__1 _6\"></span>  <span class=\"__1 _6e\"> </span>56<span class=\"__1 _6\"></span>.74<span class=\"__1 _6\"></span>1<span class=\"__1 _25\"> </span>13<span class=\"__1 _6\"></span>.34<span class=\"__1 _6\"></span>2 <span class=\"__1 _59\"> </span>7<span class=\"__1 _6\"></span>0.0<span class=\"__1 _6\"></span>83<span class=\"__1 _1bc\"> </span>Se<span class=\"__1 _5\"></span>guri<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span> Soc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _9f\"> </span>  16<span class=\"__1 _6\"></span>.35<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>   <span class=\"__1 _f9\"> </span>  4<span class=\"__1 _6\"></span>.01<span class=\"__1 _6\"></span>9  <span class=\"__1 _6\"></span> <span class=\"__1 _110\"> </span>  2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.370<span class=\"__1 _6\"></span>   <span class=\"__1 _6e\"> </span>1<span class=\"__1 _6\"></span>4.0<span class=\"__1 _6\"></span>51<span class=\"__1 _6e\"> </span>3<span class=\"__1 _6\"></span>.26<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _5a\"> </span>1<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.31<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _5\"></span>por<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n pl<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>nes<span class=\"__1 _6\"></span> pens<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span> (N<span class=\"__1 _5\"></span>ota<span class=\"__1 _6\"></span> 3<span class=\"__1 _6\"></span>.14<span class=\"__1 _6\"></span>)<span class=\"__1 _ed\"> </span>  2<span class=\"__1 _6\"></span>.20<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>   <span class=\"__1 _53\"> </span>  3<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>   <span class=\"__1 _12\"> </span>2.56<span class=\"__1 _6\"></span>9<span class=\"__1 _79\"> </span>2.0<span class=\"__1 _6\"></span>29<span class=\"__1 _61\"> </span><span class=\"ls40\">317 <span class=\"__1 _4d\"> </span></span>2<span class=\"__1 _6\"></span>.34<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> ga<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>os<span class=\"__1 _8\"></span> s<span class=\"__1 _8\"></span>oc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _40\"> </span>1<span class=\"__1 _6\"></span>.60<span class=\"__1 _6\"></span>2<span class=\"__1 _61\"> </span><span class=\"ls40\">201<span class=\"__1 _8b\"> </span></span>1<span class=\"__1 _6\"></span>.80<span class=\"__1 _6\"></span>3<span class=\"__1 _3f\"> </span>1<span class=\"__1 _6\"></span>.41<span class=\"__1 _6\"></span>0<span class=\"__1 _61\"> </span><span class=\"ls40\">190<span class=\"__1 _8b\"> </span></span>1<span class=\"__1 _6\"></span>.60<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span>81<span class=\"__1 _6\"></span>.99<span class=\"__1 _6\"></span>6<span class=\"__1 _25\"> </span>20<span class=\"__1 _6\"></span>.06<span class=\"__1 _6\"></span>2<span class=\"__1 _b\"> </span>1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.05<span class=\"__1 _6\"></span>8<span class=\"__1 _f\"> </span>74.23<span class=\"__1 _6\"></span>1<span class=\"__1 _25\"> </span>1<span class=\"__1 _6\"></span>7.1<span class=\"__1 _6\"></span>14<span class=\"__1 _25\"> </span>9<span class=\"__1 _6\"></span>1.3<span class=\"__1 _6\"></span>45<span class=\"__1 _1bc\"> </span>Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>ne<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span> ret<span class=\"__1 _5\"></span>ri<span class=\"__1 _8\"></span>b<span class=\"__1 _6\"></span>uc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n a<span class=\"__1 _8\"></span> l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>go p<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>zo (Not<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span> 3<span class=\"__1 _6\"></span>.14<span class=\"__1 _6\"></span>)<span class=\"__1 _129\"> </span>1<span class=\"__1 _6\"></span>.08<span class=\"__1 _6\"></span>6<span class=\"__1 _92\"> </span>  3<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>   <span class=\"__1 _f9\"> </span>  1.12<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>   <span class=\"__1 _87\"> </span><span class=\"ls40\">57</span>                  <span class=\"ls0_1\"> <span class=\"__1 _dd\"> </span><span class=\"ls40\">88<span class=\"__1 _12e\"></span><span class=\"ls41\">                  <span class=\"ls0_1\"> </span></span></span></span>I<span class=\"__1 _6\"></span>nd<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>m<span class=\"__1 _5\"></span>ni<span class=\"__1 _8\"></span>za<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _10f\"> </span>  1<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>   <span class=\"__1 _99\"> </span><span class=\"ls40\">592<span class=\"__1 _f\"> </span>791<span class=\"__1 _3f\"> </span></span>1.1<span class=\"__1 _6\"></span>00<span class=\"__1 _61\"> </span><span class=\"ls40\">658<span class=\"__1 _8b\"> </span></span>1<span class=\"__1 _6\"></span>.75<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span>83<span class=\"__1 _6\"></span>.28<span class=\"__1 _6\"></span>1<span class=\"__1 _25\"> </span>20<span class=\"__1 _6\"></span>.691<span class=\"__1 _12f\"> </span>10<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.97<span class=\"__1 _6\"></span>2<span class=\"__1 _2f\"> </span>7<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.38<span class=\"__1 _6\"></span>8<span class=\"__1 _25\"> </span>17<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>8<span class=\"__1 _6\"></span>03<span class=\"__1 _25\"> </span>9<span class=\"__1 _6\"></span>3.19<span class=\"__1 _6\"></span>1<span class=\"__1 _1bc\"> </span>31/12/2023<span class=\"__1 _1bc\"> </span>31/12/2022<span class=\"__1 _1bc\"> </span>Ca<span class=\"__1 _6\"></span>te<span class=\"__1 _5\"></span>gor\u00eda<span class=\"__1 _8\"></span> Pr<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>fes<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ona<span class=\"__1 _8\"></span>l<span class=\"__1 _134\"> </span>Hombres<span class=\"__1 _c7\"> </span>Muj<span class=\"__1 _6\"></span>eres<span class=\"__1 _ff\"> </span>Tota<span class=\"__1 _6\"></span>l<span class=\"__1 _59\"> </span>Hombr<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _c7\"> </span>Muj<span class=\"__1 _8\"></span>ere<span class=\"__1 _5\"></span>s<span class=\"__1 _33\"> </span>T<span class=\"__1 _5\"></span>ota<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span>Di<span class=\"__1 _8\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vos<span class=\"__1 _112\"> </span><span class=\"ls42\">57<span class=\"__1 _18\"> </span>17<span class=\"__1 _18\"> </span>74<span class=\"__1 _35\"> </span>51<span class=\"__1 _18\"> </span>14<span class=\"__1 _18\"> </span>65<span class=\"__1 _1bc\"> </span></span>Ge<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>ent<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _135\"> </span><span class=\"ls42\">68<span class=\"__1 _f5\"> </span>27<span class=\"__1 _18\"> </span>95<span class=\"__1 _2c\"> </span>60<span class=\"__1 _f5\"> </span>23<span class=\"__1 _18\"> </span>83<span class=\"__1 _1bc\"> </span></span>Re<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>ons<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de e<span class=\"__1 _70\"></span>qu<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>po<span class=\"__1 _d7\"> </span><span class=\"ls42\">68<span class=\"__1 _fd\"> </span></span>5<span class=\"__1 _18\"> </span><span class=\"ls42\">73<span class=\"__1 _2c\"> </span>68<span class=\"__1 _fd\"> </span></span>5<span class=\"__1 _18\"> </span><span class=\"ls42\">73<span class=\"__1 _1bc\"> </span></span>T\u00e9<span class=\"__1 _70\"></span>c<span class=\"__1 _6\"></span>ni<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>os<span class=\"__1 _136\"> </span><span class=\"ls42\">216<span class=\"__1 _12\"> </span>147<span class=\"__1 _fb\"> </span>363<span class=\"__1 _d7\"> </span>195<span class=\"__1 _12\"> </span>122<span class=\"__1 _fb\"> </span>317<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>dmi<span class=\"__1 _6\"></span>ni<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>tra<span class=\"__1 _8\"></span>ti<span class=\"__1 _6\"></span>vo<span class=\"__1 _6\"></span>s<span class=\"__1 _11c\"> </span><span class=\"ls42\">15<span class=\"__1 _18\"> </span>37<span class=\"__1 _18\"> </span>52<span class=\"__1 _137\"> </span>16<span class=\"__1 _18\"> </span>38<span class=\"__1 _f5\"> </span>54<span class=\"__1 _1bc\"> </span></span>Op<span class=\"__1 _6\"></span>era<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>es<span class=\"__1 _138\"> </span><span class=\"ls42\">292<span class=\"__1 _18\"> </span>46<span class=\"__1 _12\"> </span>338<span class=\"__1 _d7\"> </span>288<span class=\"__1 _f5\"> </span>34<span class=\"__1 _fb\"> </span>322<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>poyo <span class=\"__1 _6\"></span>y me<span class=\"__1 _70\"></span>j<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span>a<span class=\"__1 _139\"> </span><span class=\"ls42\">47<span class=\"__1 _f5\"> </span>45<span class=\"__1 _18\"> </span>92<span class=\"__1 _137\"> </span>47<span class=\"__1 _18\"> </span>48<span class=\"__1 _18\"> </span>95<span class=\"__1 _1bc\"> </span></span>Ma<span class=\"__1 _6\"></span>nte<span class=\"__1 _5\"></span>ni<span class=\"__1 _8\"></span>mi<span class=\"__1 _6\"></span>ent<span class=\"__1 _5\"></span>o<span class=\"__1 _8e\"> </span><span class=\"ls42\">133<span class=\"__1 _fd\"> </span></span>2<span class=\"__1 _fb\"> </span><span class=\"ls42\">135<span class=\"__1 _d7\"> </span>131<span class=\"__1 _fd\"> </span></span>2<span class=\"__1 _fb\"> </span><span class=\"ls42\">133<span class=\"__1 _1bc\"> </span></span>896<span class=\"__1 _12\"> </span>326<span class=\"__1 _49\"> </span><span class=\"ls0_1\">1<span class=\"__1 _6\"></span>.22<span class=\"__1 _6\"></span>2<span class=\"__1 _d7\"> </span></span>856<span class=\"__1 _fb\"> </span>286<span class=\"__1 _49\"> </span><span class=\"ls0_1\">1<span class=\"__1 _6\"></span>.142<span class=\"__1 _1bc\"> </span></span>2022<span class=\"__1 _1bc\"> </span>N<span class=\"__1 _5\"></span>\u00fame<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span> Me<span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o de E<span class=\"__1 _5\"></span>mpl<span class=\"__1 _6\"></span>ea<span class=\"__1 _6\"></span>dos<span class=\"__1 _8\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span> Ej<span class=\"__1 _6\"></span>erc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>2023<span class=\"__1 _1bc\"> </span>Ca<span class=\"__1 _6\"></span>te<span class=\"__1 _5\"></span>gor\u00eda<span class=\"__1 _8\"></span> Pr<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>fes<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ona<span class=\"__1 _8\"></span>l<span class=\"__1 _134\"> </span>Hombres<span class=\"__1 _c7\"> </span>Muj<span class=\"__1 _6\"></span>eres<span class=\"__1 _ff\"> </span>Tota<span class=\"__1 _6\"></span>l<span class=\"__1 _59\"> </span>Hombr<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _c7\"> </span>Muj<span class=\"__1 _8\"></span>ere<span class=\"__1 _5\"></span>s<span class=\"__1 _33\"> </span>T<span class=\"__1 _5\"></span>ota<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span>Di<span class=\"__1 _8\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vos<span class=\"__1 _112\"> </span><span class=\"ls42\">57<span class=\"__1 _18\"> </span>19<span class=\"__1 _18\"> </span>76<span class=\"__1 _35\"> </span>54<span class=\"__1 _18\"> </span>15<span class=\"__1 _18\"> </span>69<span class=\"__1 _1bc\"> </span></span>Ge<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>ent<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _135\"> </span><span class=\"ls42\">69<span class=\"__1 _f5\"> </span>31<span class=\"__1 _fb\"> </span>100<span class=\"__1 _137\"> </span>63<span class=\"__1 _18\"> </span>24<span class=\"__1 _18\"> </span>87<span class=\"__1 _1bc\"> </span></span>Re<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>ons<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de e<span class=\"__1 _70\"></span>qu<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>po<span class=\"__1 _d7\"> </span><span class=\"ls42\">69<span class=\"__1 _fd\"> </span></span>5<span class=\"__1 _18\"> </span><span class=\"ls42\">74<span class=\"__1 _137\"> </span>69<span class=\"__1 _fd\"> </span></span>5<span class=\"__1 _18\"> </span><span class=\"ls42\">74<span class=\"__1 _1bc\"> </span></span>T\u00e9<span class=\"__1 _70\"></span>c<span class=\"__1 _6\"></span>ni<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>os<span class=\"__1 _136\"> </span><span class=\"ls42\">226<span class=\"__1 _12\"> </span>160<span class=\"__1 _fb\"> </span>386<span class=\"__1 _d7\"> </span>201<span class=\"__1 _12\"> </span>134<span class=\"__1 _fb\"> </span>335<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>dmi<span class=\"__1 _6\"></span>ni<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>tra<span class=\"__1 _8\"></span>ti<span class=\"__1 _6\"></span>vo<span class=\"__1 _6\"></span>s<span class=\"__1 _11c\"> </span><span class=\"ls42\">17<span class=\"__1 _18\"> </span>40<span class=\"__1 _18\"> </span>57<span class=\"__1 _137\"> </span>15<span class=\"__1 _18\"> </span>40<span class=\"__1 _f5\"> </span>55<span class=\"__1 _1bc\"> </span></span>Op<span class=\"__1 _6\"></span>era<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>es<span class=\"__1 _138\"> </span><span class=\"ls42\">299<span class=\"__1 _18\"> </span>47<span class=\"__1 _12\"> </span>346<span class=\"__1 _d7\"> </span>277<span class=\"__1 _f5\"> </span>36<span class=\"__1 _fb\"> </span>313<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>poyo <span class=\"__1 _6\"></span>y me<span class=\"__1 _70\"></span>j<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span>a<span class=\"__1 _139\"> </span><span class=\"ls42\">49<span class=\"__1 _f5\"> </span>43<span class=\"__1 _18\"> </span>92<span class=\"__1 _137\"> </span>47<span class=\"__1 _18\"> </span>42<span class=\"__1 _18\"> </span>89<span class=\"__1 _1bc\"> </span></span>Ma<span class=\"__1 _6\"></span>nte<span class=\"__1 _5\"></span>ni<span class=\"__1 _8\"></span>mi<span class=\"__1 _6\"></span>ent<span class=\"__1 _5\"></span>o<span class=\"__1 _8e\"> </span><span class=\"ls42\">130<span class=\"__1 _fd\"> </span></span>1<span class=\"__1 _fb\"> </span><span class=\"ls42\">131<span class=\"__1 _d7\"> </span>123<span class=\"__1 _fd\"> </span></span>3<span class=\"__1 _fb\"> </span><span class=\"ls42\">126<span class=\"__1 _1bc\"> </span></span>916<span class=\"__1 _12\"> </span>346<span class=\"__1 _49\"> </span><span class=\"ls0_1\">1<span class=\"__1 _6\"></span>.26<span class=\"__1 _6\"></span>2<span class=\"__1 _d7\"> </span></span>849<span class=\"__1 _fb\"> </span>299<span class=\"__1 _49\"> </span><span class=\"ls0_1\">1<span class=\"__1 _6\"></span>.148<span class=\"__1 _1bc\"> </span></span>2023<span class=\"__1 _1bc\"> </span>2022<span class=\"__1 _1bc\"> </span>N<span class=\"__1 _5\"></span>\u00fame<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span> de E<span class=\"__1 _70\"></span>mpl<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span> c<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>err<span class=\"__1 _6\"></span>e de<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span> Ej<span class=\"__1 _6\"></span>erc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Al 31 de diciembre de 2023 y 2022 el n\u00fa<span class=\"__1 _6\"></span>mero de empleados<span class=\"__1 _6\"></span> con una discapacidad<span class=\"__1 _6\"></span> superior al 33% es de 12<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> y 10 personas<span class=\"__1 _6\"></span>, respectivamente.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> Por <span class=\"__1 _8\"></span>otra <span class=\"__1 _4\"></span>parte, <span class=\"__1 _8\"></span>al <span class=\"__1 _8\"></span>31 <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>diciem<span class=\"__1 _5\"></span>bre <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>2023 <span class=\"__1 _6\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>2022 <span class=\"__1 _8\"></span>el <span class=\"__1 _4\"></span>Consejo <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>Administraci\u00f3n <span class=\"__1 _4\"></span>est\u00e1 <span class=\"__1 _4\"></span>conformado <span class=\"__1 _8\"></span>por <span class=\"__1 _8\"></span>13<span class=\"__1 _1bc\"> </span> personas<span class=\"__1 _6\"></span>; 8 varones y 5 mujeres. <span class=\"__1 _6\"></span> 11.2<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Plan de retribuci\u00f3n a largo<span class=\"__1 _5\"></span> plazo </span></span>En <span class=\"__1 _c6\"> </span>la  determinaci\u00f3n <span class=\"__1 _c6\"> </span>del <span class=\"__1 _c6\"> </span>importe  devengado <span class=\"__1 _c6\"> </span>por <span class=\"__1 _c6\"> </span>esto<span class=\"__1 _6\"></span>s <span class=\"__1 _c6\"> </span>compromisos  se <span class=\"__1 _c8\"> </span>realizan<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>estimaciones  que <span class=\"__1 _c8\"> </span>s<span class=\"__1 _6\"></span>on revisadas <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>cad<span class=\"__1 _6\"></span>a <span class=\"__1 _4\"></span>cierre <span class=\"__1 _4\"></span>contable, <span class=\"__1 _4\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>impacto <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>las <span class=\"__1 _4\"></span>v<span class=\"__1 _6\"></span>ariaciones <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>registra <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>Esta<span class=\"__1 _6\"></span>do <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>Resulta<span class=\"__1 _6\"></span>do consolidado d<span class=\"__1 _6\"></span>e forma prosp<span class=\"__1 _6\"></span>ectiva.  Plan de inc<span class=\"__1 _6\"></span>entivo a largo plazo pa<span class=\"__1 _6\"></span>ra el periodo 2023<span class=\"__1 _6\"></span>-<span class=\"ls12\">2027</span> <span class=\"ls43\">/ </span>ENCE Celulosa y <span class=\"__1 _6\"></span>Corporativo El <span class=\"__1 _6\"></span>5 <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>mayo <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>2023 <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>Ju<span class=\"__1 _6\"></span>nta <span class=\"__1 _6\"></span>General <span class=\"__1 _6\"></span>Ordinaria <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>Accionistas<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>Sociedad <span class=\"__1 _6\"></span>Domin<span class=\"__1 _6\"></span>ante <span class=\"__1 _6\"></span><span class=\"ff6\">aprob\u00f3<span class=\"__1 _6\"></span> el <span class=\"__1 _6\"></span>\u201cPlan<span class=\"__1 _6\"></span> </span>de incentivo<span class=\"__1 _6\"></span> a <span class=\"__1 _6\"></span>largo <span class=\"__1 _6\"></span>plazo <span class=\"__1 _6\"></span>2023-<span class=\"ff6\">202<span class=\"__1 _6\"></span>7\u201d</span> dirigido <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>directivos,<span class=\"__1 _6\"></span> in<span class=\"__1 _6\"></span>cluido el <span class=\"__1 _6\"></span>Presidente <span class=\"__1 _6\"></span>y Con<span class=\"__1 _6\"></span>sejero <span class=\"__1 _6\"></span>Delegado d<span class=\"__1 _6\"></span>e la <span class=\"__1 _c8\"></span>Sociedad, <span class=\"__1 _c8\"></span>y <span class=\"__1 _4\"></span>o<span class=\"__1 _6\"></span>tros <span class=\"__1 _4\"></span>emplead<span class=\"__1 _6\"></span>os <span class=\"__1 _c8\"> </span>del <span class=\"__1 _c8\"></span>Grupo <span class=\"__1 _c8\"></span>Ence <span class=\"__1 _c8\"></span>(el <span class=\"__1 _4\"></span>\u201cPlan\u201d).<span class=\"__1 _6\"></span><span class=\"ff4\"> <span class=\"__1 _c8\"> </span>El <span class=\"__1 _c8\"> </span>Plan <span class=\"__1 _c8\"> </span>permite <span class=\"__1 _c8\"></span>a <span class=\"__1 _c8\"></span>sus <span class=\"__1 _c8\"></span>beneficiarios <span class=\"__1 _4\"></span>p<span class=\"__1 _6\"></span>ercibir, </span>transcurrido un determinado p<span class=\"__1 _6\"></span>eriodo de tiempo, un incentivo pagadero <span class=\"__1 _6\"></span>en acciones de En<span class=\"__1 _6\"></span>ce y en me<span class=\"__1 _5\"></span>t\u00e1lico, siempre <span class=\"__1 _4\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>cu<span class=\"__1 _6\"></span>mplan <span class=\"__1 _c8\"></span>determinados <span class=\"__1 _c8\"></span>objetivos <span class=\"__1 _c8\"> </span>plurianuales <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"></span>la <span class=\"__1 _4\"></span>Sociedad<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>y <span class=\"__1 _c8\"> </span>se <span class=\"__1 _c8\"></span>re\u00fanan <span class=\"__1 _c8\"></span>los <span class=\"__1 _4\"></span>requis<span class=\"__1 _6\"></span>itos previstos p<span class=\"__1 _6\"></span>ara ello en el Reglamento del Plan.<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span> Inicialmente <span class=\"__1 _8\"></span>son <span class=\"__1 _8\"></span>potenciales <span class=\"__1 _8\"></span>beneficiarios<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>del <span class=\"__1 _6\"></span>Plan <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>Incen<span class=\"__1 _6\"></span>tivo <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>pri<span class=\"__1 _6\"></span>ncipales <span class=\"__1 _8\"></span>directivos <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>Sociedad<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>y<span class=\"__1 _6\"></span> otro <span class=\"__1 _c8\"> </span>personal <span class=\"__1 _c8\"> </span>clave <span class=\"__1 _c8\"> </span>q<span class=\"__1 _6\"></span>ue, <span class=\"__1 _c8\"></span>bien <span class=\"__1 _c8\"></span>por <span class=\"__1 _c8\"></span>sus <span class=\"__1 _c8\"> </span>responsabilidad<span class=\"__1 _6\"></span>es <span class=\"__1 _4\"></span>o <span class=\"__1 _c8\"> </span>p<span class=\"__1 _6\"></span>or <span class=\"__1 _c8\"></span>su <span class=\"__1 _c8\"></span>perfil, <span class=\"__1 _c8\"></span>tengan <span class=\"__1 _c8\"> </span>capacidad <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"></span>influir <span class=\"__1 _c8\"></span>de manera <span class=\"__1 _5\"></span>directa sobre <span class=\"__1 _70\"></span>el \u00e9xito <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>planes e<span class=\"__1 _5\"></span>strat\u00e9gicos.<span class=\"__1 _6\"></span> El <span class=\"__1 _70\"></span>Plan tiene <span class=\"__1 _70\"></span>un<span class=\"__1 _6\"></span>a <span class=\"__1 _5\"></span>duraci\u00f3n de <span class=\"__1 _70\"></span>5 <span class=\"__1 _5\"></span>a\u00f1os<span class=\"__1 _6\"></span>, <span class=\"__1 _5\"></span>esto <span class=\"__1 _5\"></span>es, <span class=\"__1 _5\"></span>desde el 1/1/<span class=\"__1 _6\"></span>2023 h<span class=\"__1 _6\"></span>asta <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>31/12/2027 <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>e d<span class=\"__1 _6\"></span>ivide <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>3 <span class=\"__1 _6\"></span>ciclos <span class=\"__1 _6\"></span>an<span class=\"__1 _6\"></span>uales <span class=\"__1 _6\"></span>solapad<span class=\"__1 _6\"></span>os d<span class=\"__1 _6\"></span>e 3 <span class=\"__1 _6\"></span>a\u00f1o<span class=\"__1 _6\"></span>s <span class=\"__1 _6\"></span>de du<span class=\"__1 _6\"></span>raci\u00f3n <span class=\"__1 _6\"></span>cada <span class=\"__1 _6\"></span>uno de <span class=\"__1 _6\"></span>ellos, <span class=\"__1 _8\"></span>independientes <span class=\"__1 _8\"></span>entre <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>\u00ed, <span class=\"__1 _8\"></span>que <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>iquidar\u00e1n <span class=\"__1 _8\"></span>dentro <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>los <span class=\"__1 _6\"></span>90 <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>\u00edas <span class=\"__1 _6\"></span>siguient<span class=\"__1 _6\"></span>es <span class=\"__1 _8\"></span>al <span class=\"__1 _6\"></span>\u00faltimo <span class=\"__1 _8\"></span>a\u00f1o <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>cada ciclo<span class=\"ls17\">. <span class=\"ls0_1\"> </span></span>El <span class=\"__1 _6\"></span>incentivo<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>cada <span class=\"__1 _6\"></span>ciclo <span class=\"__1 _8\"></span>estar\u00e1 <span class=\"__1 _6\"></span>cond<span class=\"__1 _6\"></span>icionad<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>cu<span class=\"__1 _6\"></span>mplimiento <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>eterminados <span class=\"__1 _8\"></span>objetivos <span class=\"__1 _6\"></span>finan<span class=\"__1 _6\"></span>cieros, <span class=\"__1 _6\"></span>no financieros  y  de  creaci\u00f3n  de <span class=\"__1 _c6\"> </span>v<span class=\"__1 _6\"></span>alor  para  el  accionista,  aprobados  por  el  Consejo  de <span class=\"__1 _c6\"> </span>Administra<span class=\"__1 _6\"></span>ci\u00f3n  a propuesta d<span class=\"__1 _6\"></span>e la Comisi\u00f3n de Nombramientos<span class=\"__1 _6\"></span> y Retribuciones. <span class=\"__1 _8\"></span> Son <span class=\"__1 _8\"></span>requisitos <span class=\"__1 _8\"></span>para <span class=\"__1 _6\"></span>su <span class=\"__1 _8\"></span>devengo<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>alcanzar <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>grado <span class=\"__1 _6\"></span>m\u00ednim<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>con<span class=\"__1 _6\"></span>secuci\u00f3n <span class=\"__1 _8\"></span>conforme <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>criterios <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>los que <span class=\"__1 _8\"></span>vienen <span class=\"__1 _8\"></span>referenciad<span class=\"__1 _6\"></span>os <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>dis<span class=\"__1 _6\"></span>tintos <span class=\"__1 _8\"></span>objetiv<span class=\"__1 _6\"></span>os, <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>beneficiario <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>hall<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>situaci<span class=\"__1 _6\"></span>\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>prestaci\u00f3n<span class=\"__1 _6\"></span> efectiva <span class=\"__1 _cb\"> </span>de <span class=\"__1 _cb\"> </span>servicios <span class=\"__1 _cb\"> </span>para <span class=\"__1 _cb\"> </span>ENCE <span class=\"__1 _cb\"> </span>en  la <span class=\"__1 _cb\"> </span>correspo<span class=\"__1 _6\"></span>ndiente <span class=\"__1 _cb\"> </span>fecha  d<span class=\"__1 _6\"></span>e <span class=\"__1 _cb\"> </span>con<span class=\"__1 _6\"></span>solidaci\u00f3n <span class=\"__1 _cb\"> </span>del <span class=\"__1 _cb\"> </span>derecho, <span class=\"__1 _cb\"> </span>con <span class=\"__1 _cb\"> </span>las salvedades h<span class=\"__1 _6\"></span>abituales para este tipo de in<span class=\"__1 _6\"></span>centivos.<span class=\"__1 _6\"></span> El <span class=\"__1 _6\"></span>ciclo <span class=\"__1 _6\"></span>I <span class=\"__1 _6\"></span>del Plan <span class=\"__1 _6\"></span>representa <span class=\"__1 _6\"></span>un <span class=\"__1 _6\"></span>60% <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>incentivo <span class=\"__1 _6\"></span>tota<span class=\"__1 _6\"></span>l y <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>ciclos <span class=\"__1 _6\"></span>II <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>III <span class=\"__1 _6\"></span>representan <span class=\"__1 _6\"></span>un <span class=\"__1 _6\"></span>20% cada <span class=\"__1 _8\"></span>uno <span class=\"__1 _6\"></span>del incentivo total.<span class=\"__1 _6\"></span> El <span class=\"__1 _6\"></span>incentivo <span class=\"__1 _6\"></span>considerado <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>este <span class=\"__1 _6\"></span>Plan <span class=\"__1 _6\"></span>consiste <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>un <span class=\"__1 _6\"></span>% <span class=\"__1 _6\"></span>de la <span class=\"__1 _6\"></span>retribuci\u00f3n<span class=\"__1 _6\"></span> fija <span class=\"__1 _6\"></span>media <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>periodo <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>abarca cada <span class=\"__1 _6\"></span>ciclo <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>funci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>ca<span class=\"__1 _6\"></span>tegor\u00eda <span class=\"__1 _6\"></span>prof<span class=\"__1 _6\"></span>esional <span class=\"__1 _6\"></span>del <span class=\"__1 _8\"></span>beneficiario, <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>se <span class=\"__1 _6\"></span>liqu<span class=\"__1 _6\"></span>ida <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>un <span class=\"__1 _6\"></span>70% <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>accion<span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>un 30% <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>efectivo, <span class=\"__1 _8\"></span>excepto <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>miembros <span class=\"__1 _8\"></span>del<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>Comit\u00e9 <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>Direcci\u00f3n <span class=\"__1 _8\"></span>cuy<span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>liquidaci\u00f3n <span class=\"__1 _8\"></span>es <span class=\"__1 _8\"></span>100% <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>acciones<span class=\"__1 _6\"></span>. <span class=\"__1 _8\"></span>El Presidente y <span class=\"__1 _70\"></span>Con<span class=\"__1 _6\"></span>sejero Delegado <span class=\"ls16\">y <span class=\"__1 _5\"></span><span class=\"ls0_1\">el <span class=\"__1 _5\"></span>resto de <span class=\"__1 _70\"></span>los miembros del <span class=\"__1 _70\"></span>Comit\u00e9 de <span class=\"__1 _5\"></span>Direcci\u00f3n asumen <span class=\"__1 _5\"></span>determinados </span></span>compromisos de mantenim<span class=\"__1 _6\"></span>iento de las<span class=\"__1 _6\"></span> acciones recibidas<span class=\"__1 _6\"></span>.  El <span class=\"__1 _6\"></span>n\u00famero <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>acciones <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>entregar <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>determinar\u00e1 <span class=\"__1 _6\"></span>cons<span class=\"__1 _6\"></span>iderando <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>precio <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>referencia <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>acci\u00f3n <span class=\"__1 _6\"></span>de ENCE <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>cotizaci\u00f3n <span class=\"__1 _6\"></span>media <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>20 <span class=\"__1 _6\"></span>d\u00edas <span class=\"__1 _6\"></span>anteriores <span class=\"__1 _6\"></span>y p<span class=\"__1 _6\"></span>osteriores <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>31 <span class=\"__1 _6\"></span>de diciembre <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>cad<span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>inicio <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>ciclo. El precio de referencia a cons<span class=\"__1 _6\"></span>iderar en el ciclo I <span class=\"__1 _6\"></span>es de 3,2<span class=\"__1 _6\"></span>4 <span class=\"ff6\">\u20ac/acci\u00f3n<span class=\"__1 _6\"></span>.</span> El colectivo del plan<span class=\"__1 _6\"></span> al 31 de diciembre de 2023 lo forman<span class=\"__1 _6\"></span> 83 personas integradas<span class=\"__1 _6\"></span> en ENCE <span class=\"__1 _6\"></span>Celulosa y en el Corporativo, <span class=\"__1 _5\"></span>y <span class=\"__1 _70\"></span>el <span class=\"__1 _70\"></span>coste <span class=\"__1 _70\"></span>m\u00e1xi<span class=\"__1 _6\"></span>mo <span class=\"__1 _70\"></span>previsto <span class=\"__1 _5\"></span>del <span class=\"__1 _70\"></span>Ciclo <span class=\"__1 _70\"></span>I <span class=\"__1 _70\"></span>con<span class=\"__1 _6\"></span>siderando <span class=\"__1 _70\"></span>un<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>grado <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>consecuci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>del <span class=\"__1 _70\"></span>100% <span class=\"__1 _70\"></span>as<span class=\"__1 _6\"></span>ciende a 11.033 miles \u20ac.<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _8\"></span>gasto<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>/ <span class=\"__1 _4\"></span>(ingreso) <span class=\"__1 _8\"></span>devengado<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>por <span class=\"__1 _4\"></span>este <span class=\"__1 _8\"></span>concepto <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>ejercicio <span class=\"__1 _8\"></span>2023, <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>cual <span class=\"__1 _4\"></span>se <span class=\"__1 _8\"></span>detalla <span class=\"__1 _4\"></span>atendiendo <span class=\"__1 _8\"></span>a <span class=\"__1 _4\"></span>su<span class=\"__1 _1bc\"> </span>contrapartida<span class=\"__1 _6\"></span>, es el siguiente:<span class=\"__1 _1bc\"> </span>Plan de ince<span class=\"__1 _6\"></span>ntivo a largo plazo para e<span class=\"__1 _6\"></span>l periodo 2019<span class=\"__1 _6\"></span>-<span class=\"ls12\">2023 <span class=\"ls43\">/ </span></span>ENCE Celulosa y <span class=\"__1 _6\"></span>Corporativo<span class=\"__1 _1bc\"> </span>El 28 <span class=\"__1 _6\"></span>de marzo <span class=\"__1 _6\"></span>de 2019 <span class=\"__1 _6\"></span>la Ju<span class=\"__1 _6\"></span>nta General de <span class=\"__1 _8\"></span><span class=\"ff6\">Accionistas <span class=\"__1 _6\"></span>de ENCE<span class=\"__1 _6\"></span> aprob<span class=\"__1 _6\"></span>\u00f3 el \u201c<span class=\"__1 _6\"></span>Plan de In<span class=\"__1 _6\"></span>centivo a <span class=\"__1 _6\"></span>largo <span class=\"__1 _6\"></span>plazo<span class=\"__1 _1bc\"> </span></span>para <span class=\"__1 _8\"></span>el <span class=\"__1 _4\"></span>periodo <span class=\"__1 _8\"></span>2019-<span class=\"ff6\">2023\u201d</span>, <span class=\"__1 _8\"></span>como <span class=\"__1 _4\"></span>plan <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>re<span class=\"__1 _5\"></span>tribuci\u00f3n <span class=\"__1 _8\"></span>dineraria <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>entrega <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>acciones <span class=\"__1 _6\"></span>de <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>Sociedad <span class=\"__1 _8\"></span>de<span class=\"__1 _1bc\"> </span>car\u00e1cter plurianual<span class=\"__1 _6\"></span>, con el <span class=\"__1 _6\"></span>objetivo de inc<span class=\"__1 _6\"></span>entivar el r<span class=\"__1 _6\"></span>endimiento profesion<span class=\"__1 _6\"></span>al del equipo d<span class=\"__1 _8\"></span>irectivo y re<span class=\"__1 _6\"></span>forzar<span class=\"__1 _1bc\"> </span>su <span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>rientaci\u00f3n <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>consecuci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>los <span class=\"__1 _8\"></span>objetivos <span class=\"__1 _8\"></span>definidos <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>n <span class=\"__1 _8\"></span>el <span class=\"__1 _4\"></span>Plan <span class=\"__1 _8\"></span>estrat\u00e9gico <span class=\"__1 _8\"></span>2019<span class=\"__1 _8\"></span>-2023, <span class=\"__1 _4\"></span>promover <span class=\"__1 _8\"></span>la<span class=\"__1 _1bc\"> </span>sostenibilidad<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _4\"></span>Grup<span class=\"__1 _6\"></span>o <span class=\"__1 _c8\"></span>para <span class=\"__1 _c8\"></span>la <span class=\"__1 _4\"></span>creaci\u00f3n <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>v<span class=\"__1 _6\"></span>alor <span class=\"__1 _c8\"></span>a <span class=\"__1 _c8\"></span>largo <span class=\"__1 _c8\"></span>plazo, <span class=\"__1 _c8\"></span>y <span class=\"__1 _c8\"></span>comprometer <span class=\"__1 _c8\"></span>a <span class=\"__1 _c8\"></span>la <span class=\"__1 _c8\"></span>direcci\u00f3n <span class=\"__1 _4\"></span>con<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>los<span class=\"__1 _1bc\"> </span>intereses de los accion<span class=\"__1 _6\"></span>istas<span class=\"__1 _6\"></span> y la mejora del clima organizaci<span class=\"__1 _6\"></span>onal.<span class=\"__1 _1bc\"> </span>Se <span class=\"__1 _8\"></span>tra<span class=\"__1 _6\"></span>ta <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>un <span class=\"__1 _4\"></span>Plan <span class=\"__1 _8\"></span>a <span class=\"__1 _4\"></span>cinco <span class=\"__1 _8\"></span>a\u00f1os, <span class=\"__1 _4\"></span>alineado <span class=\"__1 _4\"></span>al <span class=\"__1 _8\"></span>plazo <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>duraci\u00f3n <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>Plan <span class=\"__1 _4\"></span>Estrat\u00e9gico, <span class=\"__1 _4\"></span>com<span class=\"__1 _5\"></span>puesto <span class=\"__1 _4\"></span>por <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>ciclos. <span class=\"__1 _6\"></span>El <span class=\"__1 _8\"></span>Ciclo <span class=\"__1 _6\"></span>I <span class=\"__1 _6\"></span>tiene <span class=\"__1 _8\"></span>una <span class=\"__1 _6\"></span>duraci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>tres <span class=\"__1 _6\"></span>a\u00f1os, <span class=\"__1 _6\"></span>desde <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>1 <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>enero <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>2019 <span class=\"__1 _6\"></span>hasta <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>31 <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>diciembre <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span>2021 <span class=\"ls0_1\">y el Ciclo II d<span class=\"__1 _6\"></span>e cinco a\u00f1os, d<span class=\"__1 _6\"></span>esde el 1 de enero de 2019 h<span class=\"__1 _6\"></span>asta el 31 de diciembr<span class=\"__1 _6\"></span>e de 2023.<span class=\"__1 _1bc\"> </span></span>El <span class=\"__1 _6\"></span>incentivo <span class=\"__1 _6\"></span>considerado <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>este <span class=\"__1 _6\"></span>Plan <span class=\"__1 _6\"></span>consiste <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>un <span class=\"__1 _6\"></span>% <span class=\"__1 _6\"></span>de la <span class=\"__1 _6\"></span>retribuci\u00f3n<span class=\"__1 _6\"></span> fija <span class=\"__1 _6\"></span>media <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>periodo <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>abarca<span class=\"__1 _1bc\"> </span>cada <span class=\"__1 _8\"></span>ciclo, <span class=\"__1 _6\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _6\"></span>os<span class=\"__1 _6\"></span>cila <span class=\"__1 _6\"></span>entre <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>85% <span class=\"__1 _6\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>500%, <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>funci\u00f3n <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>categor\u00eda <span class=\"__1 _8\"></span>prof<span class=\"__1 _6\"></span>esional <span class=\"__1 _8\"></span>del <span class=\"__1 _6\"></span>beneficiar<span class=\"__1 _6\"></span>io, <span class=\"__1 _8\"></span>y <span class=\"__1 _6\"></span>su<span class=\"__1 _1bc\"> </span>consecuci\u00f3n est\u00e1 v<span class=\"__1 _6\"></span>inculada a cuatro<span class=\"__1 _6\"></span> objetivos<span class=\"__1 _6\"></span> relacionados con los resu<span class=\"__1 _6\"></span>ltados econ\u00f3micos alcanza<span class=\"__1 _6\"></span>dos, con<span class=\"__1 _1bc\"> </span>la sostenibilidad<span class=\"__1 _6\"></span>, el clima organizacional y<span class=\"__1 _6\"></span> la cotizaci\u00f3n d<span class=\"__1 _6\"></span>e la acci\u00f3n de ENCE.<span class=\"__1 _1bc\"> </span>El importe <span class=\"__1 _6\"></span>del incen<span class=\"__1 _6\"></span>tivo s<span class=\"__1 _6\"></span>e liquida <span class=\"__1 _6\"></span>en u<span class=\"__1 _6\"></span>n 30% <span class=\"__1 _6\"></span>en met\u00e1lico y<span class=\"__1 _6\"></span> en <span class=\"__1 _6\"></span>un 70% <span class=\"__1 _6\"></span>mediante la <span class=\"__1 _6\"></span>entrega <span class=\"__1 _6\"></span>de acciones<span class=\"__1 _6\"></span> de<span class=\"__1 _1bc\"> </span>ENCE. <span class=\"__1 _4\"></span>E<span class=\"__1 _6\"></span>l <span class=\"__1 _4\"></span>n\u00famero <span class=\"__1 _4\"></span>de <span class=\"__1 _c8\"></span>acciones <span class=\"__1 _c8\"></span>a <span class=\"__1 _4\"></span>entregar <span class=\"__1 _c8\"></span>se <span class=\"__1 _4\"></span>determinar\u00e1 <span class=\"__1 _c8\"></span>considerand<span class=\"__1 _6\"></span>o <span class=\"__1 _4\"></span>como <span class=\"__1 _c8\"></span>precio <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>referencia <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>la<span class=\"__1 _1bc\"> </span>acci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>ENCE <span class=\"__1 _6\"></span>5,8031 <span class=\"__1 _6\"></span>\u20ac/acci\u00f3n <span class=\"__1 _6\"></span>(cotiz<span class=\"__1 _6\"></span>aci\u00f3n <span class=\"__1 _6\"></span>media <span class=\"__1 _6\"></span>teniendo <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>cuenta <span class=\"__1 _6\"></span>los<span class=\"__1 _8\"></span><span class=\"ff4\"> 20 <span class=\"__1 _6\"></span>d\u00edas <span class=\"__1 _6\"></span>anteriores <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>posteriores<span class=\"__1 _1bc\"> </span></span>al <span class=\"__1 _6\"></span>31 <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>diciembre<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>018). <span class=\"__1 _4\"></span>El <span class=\"__1 _6\"></span>Presidente <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>Consejero <span class=\"__1 _8\"></span>Delegado <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>resto <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>miembros <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>Comit\u00e9 <span class=\"__1 _8\"></span>de<span class=\"__1 _1bc\"> </span>Direcci\u00f3n asumen d<span class=\"__1 _6\"></span>eterminados compro<span class=\"__1 _6\"></span>misos de mantenimiento d<span class=\"__1 _6\"></span>e las acciones recibid<span class=\"__1 _6\"></span>as<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _c8\"> </span>colectivo <span class=\"__1 _c6\"> </span>del <span class=\"__1 _c6\"> </span>plan <span class=\"__1 _c8\"> </span>al <span class=\"__1 _c6\"> </span>31 <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>diciembre <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>2023 <span class=\"__1 _c8\"> </span>lo <span class=\"__1 _c6\"> </span>forman<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>65 <span class=\"__1 _c6\"> </span>personas <span class=\"__1 _c6\"> </span>integradas <span class=\"__1 _c8\"> </span>en  ENCE <span class=\"__1 _c8\"> </span>Celulosa.<span class=\"__1 _1bc\"> </span>Considerando el grad<span class=\"__1 _6\"></span>o de consecuci\u00f3n de los<span class=\"__1 _6\"></span> objetivos previstos en el Ciclo II de este Plan de Retribu<span class=\"__1 _6\"></span>ci\u00f3n y<span class=\"__1 _1bc\"> </span>asumiendo que e<span class=\"__1 _5\"></span>l colectivo vigente <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>e mantendr\u00e1 hasta la fecha <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _5\"></span>liquidaci\u00f3<span class=\"__1 _6\"></span>n, el <span class=\"__1 _70\"></span>coste<span class=\"__1 _6\"></span> previsto del <span class=\"__1 _70\"></span>mis<span class=\"__1 _6\"></span>mo<span class=\"__1 _1bc\"> </span>se estima en 0,8 <span class=\"ff6\">millon<span class=\"__1 _6\"></span>es \u20ac (aproximadamente un<span class=\"__1 _6\"></span> 55% corres<span class=\"__1 _6\"></span>ponder\u00eda a la Alta Direcci\u00f3n<span class=\"__1 _6\"></span>).<span class=\"__1 _6\"></span></span> El <span class=\"__1 _6\"></span>gasto <span class=\"__1 _6\"></span>/ <span class=\"__1 _6\"></span>(ingreso) <span class=\"__1 _6\"></span>devengado <span class=\"__1 _6\"></span>por <span class=\"__1 _6\"></span>este con<span class=\"__1 _6\"></span>cepto <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>los ejercicios <span class=\"__1 _6\"></span>202<span class=\"__1 _6\"></span>3 <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>2022, <span class=\"__1 _6\"></span>detallado <span class=\"__1 _8\"></span>considerando <span class=\"__1 _6\"></span>su<span class=\"__1 _1bc\"> </span>contrapartida <span class=\"__1 _6\"></span>es el siguiente:<span class=\"__1 _1bc\"> </span>De <span class=\"__1 _6\"></span>acuerdo <span class=\"__1 _8\"></span>con <span class=\"__1 _6\"></span>lo <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>revisto <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>Plan, <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>julio <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>2022 <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>e p<span class=\"__1 _6\"></span>rocedi\u00f3 <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>liquidaci\u00f3n <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>el Ciclo <span class=\"__1 _8\"></span>I <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>\u201cPlan <span class=\"__1 _8\"></span>de<span class=\"__1 _1bc\"> </span>Incentivos  a <span class=\"__1 _c8\"> </span>largo <span class=\"__1 _c6\"> </span>p<span class=\"__1 _6\"></span>lazo <span class=\"__1 _c6\"> </span>ENCE <span class=\"__1 _ca\"> </span>Energ\u00eda <span class=\"__1 _c6\"> </span>y <span class=\"__1 _ca\"> </span>Celulosa, <span class=\"__1 _c6\"> </span>S.A.  pa<span class=\"__1 _5\"></span>ra <span class=\"__1 _c6\"> </span>el <span class=\"__1 _ca\"> </span>periodo <span class=\"__1 _c6\"> </span>2019<span class=\"__1 _6\"></span>-20<span class=\"__1 _6\"></span>23, <span class=\"__1 _c6\"> </span>lo <span class=\"__1 _ca\"> </span>que <span class=\"__1 _c6\"> </span>su<span class=\"__1 _6\"></span>puesto <span class=\"__1 _ca\"> </span>la<span class=\"__1 _1bc\"> </span>liquidaci\u00f3n de 279 mil<span class=\"__1 _6\"></span>es \u20ac y 111.983 accion<span class=\"__1 _6\"></span>es de ENCE.<span class=\"__1 _1bc\"> </span>M<span class=\"__1 _70\"></span>i<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>s \u20ac<span class=\"__1 _1bc\"> </span>2023<span class=\"__1 _1bc\"> </span>Otros <span class=\"__1 _70\"></span>i<span class=\"__1 _8\"></span>nstrumentos<span class=\"__1 _6\"></span> de patr<span class=\"__1 _70\"></span>i<span class=\"__1 _6\"></span>mon<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>o neto (N<span class=\"__1 _6\"></span>ota 2<span class=\"__1 _70\"></span>0<span class=\"__1 _70\"></span>.<span class=\"__1 _6\"></span>7<span class=\"__1 _70\"></span>)<span class=\"__1 _ec\"> </span>1<span class=\"__1 _70\"></span>.<span class=\"__1 _6\"></span>2<span class=\"__1 _5\"></span>0<span class=\"__1 _70\"></span>5<span class=\"__1 _1bc\"> </span>Provi<span class=\"__1 _6\"></span>si<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>ne<span class=\"__1 _6\"></span>s a <span class=\"__1 _70\"></span>l<span class=\"__1 _6\"></span>argo <span class=\"__1 _70\"></span>y<span class=\"__1 _6\"></span> c<span class=\"__1 _70\"></span>orto plazo (No<span class=\"__1 _6\"></span>ta <span class=\"__1 _70\"></span>31<span class=\"__1 _70\"></span>)<span class=\"__1 _140\"> </span><span class=\"ls44\">230<span class=\"__1 _1bc\"> </span></span>1<span class=\"__1 _70\"></span>.43<span class=\"__1 _70\"></span>5<span class=\"__1 _1bc\"> </span>M<span class=\"__1 _70\"></span>i<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>s \u20ac<span class=\"__1 _1bc\"> </span>2023<span class=\"__1 _29\"> </span>2022<span class=\"__1 _1bc\"> </span>Otros <span class=\"__1 _70\"></span>i<span class=\"__1 _6\"></span>ns<span class=\"__1 _6\"></span>trumentos de pa<span class=\"__1 _5\"></span>trimoni<span class=\"__1 _6\"></span>o neto (N<span class=\"__1 _6\"></span>ota <span class=\"__1 _70\"></span>20<span class=\"__1 _70\"></span>.7<span class=\"__1 _70\"></span>)<span class=\"__1 _85\"> </span>(2<span class=\"__1 _5\"></span>4<span class=\"__1 _70\"></span>4<span class=\"__1 _5\"></span>)<span class=\"__1 _6d\"> </span><span class=\"ls45\">38<span class=\"__1 _1bc\"> </span></span>Provi<span class=\"__1 _6\"></span>si<span class=\"__1 _6\"></span>one<span class=\"__1 _6\"></span>s a <span class=\"__1 _70\"></span>l<span class=\"__1 _6\"></span>argo <span class=\"__1 _70\"></span>y c<span class=\"__1 _5\"></span>orto <span class=\"__1 _70\"></span>pl<span class=\"__1 _6\"></span>azo (Nota <span class=\"__1 _5\"></span>3<span class=\"__1 _70\"></span>1)<span class=\"__1 _130\"> </span>(10<span class=\"__1 _70\"></span>5<span class=\"__1 _70\"></span>)<span class=\"__1 _6d\"> </span><span class=\"ls45\">19<span class=\"__1 _1bc\"> </span></span>(3<span class=\"__1 _5\"></span>4<span class=\"__1 _70\"></span>9)<span class=\"__1 _a0\"> </span><span class=\"ls45\">57<span class=\"__1 _1bc\"> </span></span>Plan de ince<span class=\"__1 _6\"></span>ntivo a largo plazo para e<span class=\"__1 _6\"></span>l periodo 2021<span class=\"__1 _6\"></span>-<span class=\"ls12\">2025 </span>/ Magn<span class=\"__1 _6\"></span>on Green Energy<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> El <span class=\"__1 _4\"></span>colectivo <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>lan <span class=\"__1 _4\"></span>al <span class=\"__1 _4\"></span>31 <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>diciembre <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>2023 <span class=\"__1 _4\"></span>lo <span class=\"__1 _4\"></span>f<span class=\"__1 _5\"></span>orman <span class=\"__1 _c8\"> </span><span class=\"ls12\">26</span> <span class=\"__1 _4\"></span>personas, <span class=\"__1 _4\"></span>todas <span class=\"__1 _4\"></span>ellas <span class=\"__1 _4\"></span>integradas <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>ENCE<span class=\"__1 _1bc\"> </span> Renovables, <span class=\"__1 _6\"></span>y el <span class=\"__1 _6\"></span>coste m\u00e1xi<span class=\"__1 _6\"></span>mo <span class=\"__1 _6\"></span>previsto <span class=\"__1 _6\"></span>considerando <span class=\"__1 _6\"></span>un <span class=\"__1 _6\"></span>grado de <span class=\"__1 _6\"></span>consecuci\u00f3n <span class=\"__1 _6\"></span>del 100% <span class=\"__1 _6\"></span>as<span class=\"__1 _6\"></span>ciende a <span class=\"__1 _4\"></span>3.021<span class=\"__1 _1bc\"> </span> miles \u20ac.<span class=\"ff4\"> </span><span class=\"ff4\"> </span>El <span class=\"__1 _6\"></span>gasto <span class=\"__1 _6\"></span>devengado <span class=\"__1 _6\"></span>por <span class=\"__1 _8\"></span>este concepto <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>ejercicio <span class=\"__1 _8\"></span><span class=\"ff6\">2023 <span class=\"__1 _6\"></span>ha <span class=\"__1 _6\"></span>sido <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>37 <span class=\"__1 _6\"></span>miles \u20ac <span class=\"__1 _6\"></span>(31 <span class=\"__1 _6\"></span>mile<span class=\"__1 _6\"></span>s <span class=\"__1 _6\"></span>\u20ac <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el ejer<span class=\"__1 _6\"></span></span>cicio<span class=\"__1 _1bc\"> </span> 2022) <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>pasivo <span class=\"__1 _8\"></span>acumulado <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>dicha <span class=\"__1 _8\"></span>fecha <span class=\"__1 _8\"></span>asciende <span class=\"__1 _8\"></span>a <span class=\"__1 _4\"></span><span class=\"ls12\">11</span>4 <span class=\"__1 _8\"></span><span class=\"ff6\">miles <span class=\"__1 _8\"></span>\u20ac <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>s</span>e <span class=\"__1 _8\"></span>encuentra <span class=\"__1 _8\"></span>recogido <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>ep\u00edgrafe<span class=\"__1 _1bc\"> </span> \u201cProvisiones a<span class=\"__1 _6\"></span> largo plazo\u201d del estad<span class=\"__1 _6\"></span>o de situaci\u00f3n fin<span class=\"__1 _6\"></span>anciera consolidad<span class=\"__1 _6\"></span>o (v\u00e9ase nota 31).<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span><span class=\"ff4\"> </span>Compromiso a largo p<span class=\"__1 _6\"></span>lazo extraordinario <span class=\"__1 _6\"></span>/ Magnon Green<span class=\"__1 _6\"></span> Energy<span class=\"__1 _1bc\"> </span> El <span class=\"__1 _8\"></span>24 <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>marzo <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>2022 <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>Consejo <span class=\"__1 _4\"></span>Administraci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>Magnon <span class=\"__1 _8\"></span>Green <span class=\"__1 _4\"></span>Energy, <span class=\"__1 _8\"></span>S.L., <span class=\"__1 _4\"></span>aprob\u00f3 <span class=\"__1 _4\"></span><span class=\"ls14\">un <span class=\"__1 _8\"></span></span>incentivo <span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span> largo plazo dirigido a determinados empleados clave de la S<span class=\"__1 _5\"></span>ociedad. El incentivo permite a los benefici<span class=\"__1 _5\"></span>arios<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> percibir <span class=\"__1 _6\"></span>una <span class=\"__1 _6\"></span>retribuci\u00f3n <span class=\"__1 _6\"></span>extraordinaria <span class=\"__1 _8\"></span>pagadera <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>met\u00e1lico <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>vinculada <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>rentabilidad <span class=\"__1 _6\"></span>obtenida <span class=\"__1 _6\"></span>por <span class=\"__1 _6\"></span>los<span class=\"__1 _1bc\"> </span> accionistas entre el 18 <span class=\"__1 _5\"></span>de diciembre <span class=\"__1 _5\"></span>de 2020 y e<span class=\"__1 _5\"></span>l 18 de <span class=\"__1 _5\"></span>diciembre <span class=\"__1 _5\"></span>de 2028. Este incentivo se liquid<span class=\"__1 _5\"></span>ar\u00e1 en los<span class=\"__1 _1bc\"> </span> 90 d\u00edas siguientes<span class=\"__1 _6\"></span> a la fecha de aprob<span class=\"__1 _6\"></span>aci\u00f3n de<span class=\"__1 _6\"></span> las cuentas<span class=\"__1 _6\"></span> anuales del ejercicio 2028.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> Son <span class=\"__1 _4\"></span>requisitos <span class=\"__1 _4\"></span>im<span class=\"__1 _5\"></span>prescindibles <span class=\"__1 _4\"></span>para <span class=\"__1 _4\"></span>su <span class=\"__1 _8\"></span>devengo <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>consecuci\u00f3n <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>u<span class=\"__1 _6\"></span>na <span class=\"__1 _4\"></span>tasa <span class=\"__1 _8\"></span>in<span class=\"__1 _6\"></span>terna <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>rentabilidad <span class=\"__1 _4\"></span>(TIR)<span class=\"__1 _1bc\"> </span> m\u00ednima <span class=\"__1 _4\"></span>para <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>accionista <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>10%, <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>bene<span class=\"__1 _6\"></span>ficiario <span class=\"__1 _4\"></span>man<span class=\"__1 _6\"></span>tenga <span class=\"__1 _4\"></span>una <span class=\"__1 _4\"></span>relaci\u00f3n <span class=\"__1 _4\"></span>laboral <span class=\"__1 _4\"></span>o <span class=\"__1 _4\"></span>mercantil <span class=\"__1 _4\"></span>con<span class=\"__1 _1bc\"> </span> Magnon has<span class=\"__1 _6\"></span>ta la fecha de pago<span class=\"__1 _6\"></span>, con las salvedad<span class=\"__1 _6\"></span>es habituales para este tipo<span class=\"__1 _6\"></span> de incentivos<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span> El <span class=\"__1 _ca\"> </span>colectivo <span class=\"__1 _ca\"> </span>del  plan <span class=\"__1 _c6\"> </span>al  31 <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _ca\"> </span>diciembre  de <span class=\"__1 _c6\"> </span>2023<span class=\"__1 _6\"></span> <span class=\"__1 _ca\"> </span>lo <span class=\"__1 _ca\"> </span>forman  5  personas, <span class=\"__1 _ca\"> </span>y <span class=\"__1 _ca\"> </span>el  coste <span class=\"__1 _c6\"> </span>m\u00e1ximo<span class=\"__1 _6\"></span> <span class=\"__1 _ca\"> </span>previsto,<span class=\"__1 _1bc\"> </span> considerando u<span class=\"__1 _6\"></span>n grado de consecuci\u00f3n<span class=\"__1 _6\"></span> del 100%, asciende a <span class=\"__1 _8\"></span>4.938 <span class=\"ff6\">miles \u20ac.</span>  El <span class=\"__1 _c8\"></span>gasto <span class=\"__1 _c8\"></span>/ <span class=\"__1 _4\"></span>(ingres<span class=\"__1 _6\"></span>o) <span class=\"__1 _c8\"></span>devengad<span class=\"__1 _6\"></span>o <span class=\"__1 _c8\"></span>por <span class=\"__1 _c8\"></span>este <span class=\"__1 _4\"></span>concepto<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>en <span class=\"__1 _c8\"></span>el <span class=\"__1 _c8\"> </span>ejercicio <span class=\"__1 _c8\"></span>2023<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>ha <span class=\"__1 _c8\"> </span>sido<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>n<span class=\"__1 _6\"></span>ulo <span class=\"__1 _c8\"></span>as\u00ed <span class=\"__1 _c8\"> </span>como <span class=\"__1 _c8\"></span>el <span class=\"__1 _c8\"></span>pasivo<span class=\"__1 _1bc\"> </span> acumulado a d<span class=\"__1 _6\"></span>icha fecha.  12.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Otros gastos de explotaci\u00f3n<span class=\"__1 _1bc\"> </span></span></span><span class=\"ff5 ls0_1\"><span class=\"ff3_1\"> </span></span>El detalle <span class=\"__1 _70\"></span>de este e<span class=\"__1 _5\"></span>p\u00edgrafe del Estado <span class=\"__1 _5\"></span>de Re<span class=\"__1 _5\"></span>sultado consolidado de <span class=\"__1 _5\"></span>los ejercicios <span class=\"__1 _70\"></span>2023 y 2022 <span class=\"__1 _5\"></span>en los distintos<span class=\"__1 _1bc\"> </span> negocios desarrollad<span class=\"__1 _6\"></span>os por ENCE es el s<span class=\"__1 _6\"></span>iguiente:<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> (*) <span class=\"__1 _bd\"> </span><span class=\"ff6\">La diferencia entre la informaci\u00f3n del<span class=\"__1 _5\"></span> \u201cGrupo Consolidado\u201d al 31 de diciembre de<span class=\"__1 _5\"></span> 2023 y 2022 y la agregaci\u00f3n de<span class=\"__1 _1bc\"> </span></span><span class=\"ff6\"> </span>los <span class=\"__1 _70\"></span>negocios \u201c<span class=\"__1 _5\"></span>Celulosa\u201d <span class=\"__1 _70\"></span>y \u201c<span class=\"__1 _5\"></span>Energ\u00eda <span class=\"__1 _70\"></span>R<span class=\"__1 _6\"></span>enovable\u201d <span class=\"__1 _70\"></span>se <span class=\"__1 _70\"></span>co<span class=\"__1 _6\"></span>rresponde <span class=\"__1 _70\"></span>con <span class=\"__1 _5\"></span>eliminacio<span class=\"ff4\">nes <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>operaciones <span class=\"__1 _5\"></span>efectuadas <span class=\"__1 _70\"></span>entre<span class=\"__1 _1bc\"> </span></span><span class=\"ff4\"> </span>dichos negocios en 2023 y 2022 por 1.220 miles \u20ac y 1.211 miles \u20ac, respe<span class=\"__1 _5\"></span>ctivamente.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span><span class=\"ff4\"> </span>12.1<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Servicios exteriores<span class=\"__1 _1bc\"> </span></span></span><span class=\"ff5\"><span class=\"ff3_1 fc3\"> </span></span>El desglose por <span class=\"__1 _6\"></span>conceptos del gasto d<span class=\"__1 _6\"></span>e servicios exteriores de los<span class=\"__1 _6\"></span> ejercicios 2023 y 2022 es<span class=\"__1 _6\"></span> el siguiente:<span class=\"__1 _1bc\"> </span><span class=\"__1 _8\"></span> Se<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>vi<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span> exte<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s 14<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.28<span class=\"__1 _6\"></span>8 <span class=\"__1 _125\"> </span> 6<span class=\"__1 _6\"></span>6.8<span class=\"__1 _6\"></span>94<span class=\"__1 _6\"></span> <span class=\"__1 _33\"> </span> 21<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.96<span class=\"__1 _6\"></span>2 <span class=\"__1 _12\"> </span> 18<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.59<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span> <span class=\"__1 _fc\"> </span> 7<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.46<span class=\"__1 _6\"></span>6 <span class=\"__1 _33\"> </span> 2<span class=\"__1 _6\"></span>53<span class=\"__1 _6\"></span>.84<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> Cons<span class=\"__1 _8\"></span>umo de<span class=\"__1 _5\"></span>rech<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> de e<span class=\"__1 _70\"></span>mi<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>\u00f3<span class=\"__1 _6\"></span>n 8.3<span class=\"__1 _6\"></span>44<span class=\"__1 _6\"></span> <span class=\"__1 _5a\"> </span> 3<span class=\"__1 _6\"></span>.28<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _fc\"> </span> 1<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.63<span class=\"__1 _6\"></span>2 <span class=\"__1 _1f\"> </span> 7.83<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _5a\"> </span> 2<span class=\"__1 _6\"></span>.81<span class=\"__1 _6\"></span>4 <span class=\"__1 _125\"> </span> 10<span class=\"__1 _6\"></span>.65<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> Tri<span class=\"__1 _8\"></span>butos<span class=\"__1 _6\"></span>  2.9<span class=\"__1 _6\"></span>93<span class=\"__1 _6\"></span> <span class=\"__1 _5a\"> </span> 2<span class=\"__1 _6\"></span>.02<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span> <span class=\"__1 _5a\"> </span> 5<span class=\"__1 _6\"></span>.01<span class=\"__1 _6\"></span>4 <span class=\"__1 _1f\"> </span> 2.16<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _5a\"> </span> 2<span class=\"__1 _6\"></span>.84<span class=\"__1 _6\"></span>2 <span class=\"__1 _59\"> </span> 5.0<span class=\"__1 _6\"></span>04<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> Var<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n d<span class=\"__1 _6\"></span>e l<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> pr<span class=\"__1 _6\"></span>ovi<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ones <span class=\"__1 _6\"></span>de t<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>\u00e1<span class=\"__1 _8\"></span>fi<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>y otros<span class=\"__1 _1bc\"> </span>(51<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>) <span class=\"__1 _7a\"></span><span class=\"ls46\">           <span class=\"ls0_1\"> <span class=\"__1 _ec\"> </span> 12<span class=\"__1 _6\"></span>6 <span class=\"__1 _53\"> </span>(38<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>) <span class=\"__1 _141\"></span><span class=\"ls46\">           <span class=\"ls0_1\"> <span class=\"__1 _da\"> </span>(2<span class=\"__1 _6\"></span>27<span class=\"__1 _6\"></span>) <span class=\"__1 _141\"></span><span class=\"ls46\">           <span class=\"ls0_1\"> <span class=\"__1 _85\"> </span> 86<span class=\"__1 _6\"></span> <span class=\"__1 _e6\"> </span>(1<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>) <span class=\"__1 _141\"></span><span class=\"ls46\">           <span class=\"ls0_1\"> </span></span></span></span></span></span></span></span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> ga<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>tos<span class=\"__1 _6\"></span> n<span class=\"__1 _6\"></span>o or<span class=\"__1 _6\"></span>di<span class=\"__1 _8\"></span>na<span class=\"__1 _8\"></span>ri<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span> de l<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> op<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> (Not<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span> 3<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>)<span class=\"__1 _18\"> </span> 6<span class=\"__1 _6\"></span>19<span class=\"__1 _6\"></span> <span class=\"__1 _8b\"> </span> 40<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _5a\"> </span> 1<span class=\"__1 _6\"></span>.02<span class=\"__1 _6\"></span>8 <span class=\"__1 _41\"> </span> 21<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _ed\"> </span><span class=\"ls47\">- <span class=\"__1 _142\"></span><span class=\"ls46\">                  <span class=\"ls0_1\"> <span class=\"__1 _7e\"> </span> 21<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>0</span></span></span><span class=\"ls47\"><span class=\"ls46\"><span class=\"ls0_1\"><span class=\"__1 _6\"></span> </span></span></span> 15<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.733<span class=\"__1 _6\"></span> <span class=\"__1 _125\"> </span> 72<span class=\"__1 _6\"></span>.738<span class=\"__1 _6\"></span> <span class=\"__1 _33\"> </span> 23<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.251<span class=\"__1 _6\"></span> <span class=\"__1 _12\"> </span> 21<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.366<span class=\"__1 _6\"></span> <span class=\"__1 _125\"> </span> 78<span class=\"__1 _6\"></span>.208<span class=\"__1 _6\"></span> <span class=\"__1 _33\"> </span> 29<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.363<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> 31/12/2023<span class=\"__1 _1bc\"> </span>31/12/2022<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de e<span class=\"__1 _70\"></span>ur<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span> Ce<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span>a<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span> Re<span class=\"__1 _5\"></span>nova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _1bc\"> </span>Grupo<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> Cons<span class=\"__1 _8\"></span>ol<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>da<span class=\"__1 _6\"></span>do<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span> Ce<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span>a<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span> Re<span class=\"__1 _5\"></span>nova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _1bc\"> </span>Grupo<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> Cons<span class=\"__1 _8\"></span>ol<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>da<span class=\"__1 _6\"></span>d<span class=\"__1 _1bc\"> </span>o <span class=\"ff4\"> (*) <span class=\"__1 _bf\"></span><span class=\"ff6\">La <span class=\"__1 _6\"></span>diferencia <span class=\"__1 _6\"></span>entre <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>informaci\u00f3n <span class=\"__1 _8\"></span>del \u201cGru<span class=\"__1 _6\"></span>po <span class=\"__1 _6\"></span>Consolidado\u201d <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>31 <span class=\"__1 _8\"></span>de diciembre <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>2023 <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>2022 <span class=\"__1 _8\"></span>y <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>agregaci\u00f3n <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span></span></span>los negocios \u201cCelulosa\u201d y <span class=\"__1 _6\"></span>\u201cEnerg\u00eda <span class=\"__1 _6\"></span>Renovable\u201d se corresponde con<span class=\"__1 _6\"></span> eliminaciones de <span class=\"__1 _6\"></span>operaciones efectuadas <span class=\"__1 _6\"></span>entre<span class=\"__1 _1bc\"> </span>dichos negocios en 2023 y 20<span class=\"ff6\">22 por 1.220 miles \u20ac y 1.211 miles \u20ac, respectivamente<span class=\"__1 _5\"></span>.<span class=\"__1 _1bc\"> </span></span>Las biof\u00e1bricas<span class=\"__1 _6\"></span> de ENCE <span class=\"__1 _6\"></span>Celulosa han p<span class=\"__1 _6\"></span>asado en 2023 de un r<span class=\"__1 _6\"></span>\u00e9gimen energ\u00e9tico en el qu<span class=\"__1 _6\"></span>e se vende toda <span class=\"__1 _6\"></span>la<span class=\"__1 _1bc\"> </span>energ\u00eda producida y se adquiere la energ\u00eda necesaria para el proceso, a un r\u00e9gimen en el que s\u00f3lo<span class=\"__1 _6\"></span> se vende<span class=\"__1 _1bc\"> </span>el <span class=\"__1 _70\"></span>ex<span class=\"__1 _6\"></span>cedente e<span class=\"__1 _5\"></span>ntre lo <span class=\"__1 _70\"></span>generado<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>y <span class=\"__1 _5\"></span>lo <span class=\"__1 _70\"></span>con<span class=\"__1 _6\"></span>sumido. Este <span class=\"__1 _5\"></span>cambio explica <span class=\"__1 _5\"></span>en <span class=\"__1 _70\"></span>gran<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>parte <span class=\"__1 _5\"></span>la <span class=\"__1 _5\"></span>reducci\u00f3n en <span class=\"__1 _70\"></span>los costes<span class=\"__1 _1bc\"> </span>recogidos en la cuenta \u201c<span class=\"__1 _6\"></span>suministros<span class=\"__1 _6\"></span>\u201d respecto al ejercicio anterior.<span class=\"__1 _1bc\"> </span>ENCE <span class=\"__1 _70\"></span>tiene contratado <span class=\"__1 _70\"></span>un <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>eguro <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>responsabilidad civil <span class=\"__1 _70\"></span>que <span class=\"__1 _70\"></span>cub<span class=\"__1 _6\"></span>re <span class=\"__1 _70\"></span>a <span class=\"__1 _5\"></span>todos <span class=\"__1 _5\"></span>sus <span class=\"__1 _70\"></span>administradores <span class=\"__1 _5\"></span>y <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>irectivos<span class=\"__1 _1bc\"> </span>por <span class=\"__1 _6\"></span>da\u00f1<span class=\"__1 _6\"></span>os <span class=\"__1 _6\"></span>ocasionados <span class=\"__1 _8\"></span>por <span class=\"__1 _6\"></span>actos <span class=\"__1 _6\"></span>u <span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>misiones <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>ejercicio <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>su <span class=\"__1 _6\"></span>cargo. <span class=\"__1 _6\"></span>Su <span class=\"__1 _8\"></span>coste <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>2023 <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>2022 <span class=\"__1 _6\"></span>ha <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>ido<span class=\"__1 _1bc\"> </span>de 94 miles \u20ac. 12.2<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Honorarios de auditor\u00eda<span class=\"__1 _1bc\"> </span></span></span>La <span class=\"__1 _5\"></span>firma <span class=\"__1 _70\"></span>qu<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>h<span class=\"__1 _6\"></span>a <span class=\"__1 _5\"></span>auditado las <span class=\"__1 _70\"></span>cuentas de <span class=\"__1 _70\"></span>las <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>ociedades que <span class=\"__1 _70\"></span>con<span class=\"__1 _6\"></span>forman <span class=\"__1 _5\"></span>el <span class=\"__1 _70\"></span>Grupo ENCE <span class=\"__1 _5\"></span>(v\u00e9ase <span class=\"__1 _5\"></span>Anexo <span class=\"__1 _5\"></span>I) <span class=\"__1 _5\"></span>en 2023<span class=\"__1 _1bc\"> </span>y 2022 ha sido<span class=\"__1 _6\"></span> KPMG Auditores, S.L.<span class=\"__1 _1bc\"> </span>Durante <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>ejercicios <span class=\"__1 _8\"></span>2023 <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>2022, <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>h<span class=\"__1 _6\"></span>onorarios <span class=\"__1 _8\"></span>relativos <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>servicios <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>audito<span class=\"__1 _6\"></span>r\u00eda <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>cuentas <span class=\"__1 _8\"></span>y <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>otros<span class=\"__1 _1bc\"> </span>servicios prestad<span class=\"__1 _6\"></span>os por el auditor o por empresas<span class=\"__1 _6\"></span> vinculadas a<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span> auditor han s<span class=\"__1 _6\"></span>ido los siguientes:<span class=\"__1 _1bc\"> </span>Los <span class=\"__1 _cb\"> </span>\u00fanicos  servicios  presta<span class=\"__1 _6\"></span>dos  por <span class=\"__1 _cb\"> </span>el  auditor<span class=\"__1 _6\"></span>  en <span class=\"__1 _cb\"> </span>2023,  relacionados <span class=\"__1 _cb\"> </span>con  los <span class=\"__1 _cb\"> </span>servici<span class=\"__1 _5\"></span>os <span class=\"__1 _cb\"> </span>de  auditor\u00eda,  s<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span>corresponden <span class=\"__1 _6\"></span>con <span class=\"__1 _6\"></span>servicios <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>revisi\u00f3n <span class=\"__1 _6\"></span>sobre <span class=\"__1 _6\"></span>ratios <span class=\"__1 _6\"></span>financieros <span class=\"__1 _6\"></span>para <span class=\"__1 _6\"></span>atender <span class=\"__1 _6\"></span>a las <span class=\"__1 _6\"></span>obligacion<span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>recogidas <span class=\"__1 _6\"></span>en<span class=\"__1 _1bc\"> </span>los <span class=\"__1 _c6\"> </span>contratos<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>financiaci\u00f3n<span class=\"__1 _6\"></span>, <span class=\"__1 _c6\"> </span>serv<span class=\"__1 _6\"></span>icios <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>verificaci\u00f3n <span class=\"__1 _c6\"> </span>de<span class=\"__1 _6\"></span>l <span class=\"__1 _c6\"> </span>sis<span class=\"__1 _6\"></span>tema <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>control <span class=\"__1 _c6\"> </span>in<span class=\"__1 _6\"></span>terno <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c6\"> </span>infor<span class=\"__1 _6\"></span>maci\u00f3n<span class=\"__1 _1bc\"> </span>financiera <span class=\"__1 _c8\"></span><span class=\"ls16\">y <span class=\"__1 _4\"></span></span>s<span class=\"__1 _6\"></span>ervicios <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>r<span class=\"__1 _6\"></span>evisi\u00f3n <span class=\"__1 _c8\"> </span>de<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>eterminadas <span class=\"__1 _c8\"></span>magnitud<span class=\"__1 _6\"></span>es <span class=\"__1 _c8\"></span>financieras <span class=\"__1 _c8\"></span>para <span class=\"__1 _c8\"></span>acreditar <span class=\"__1 _c8\"></span>la <span class=\"__1 _c8\"></span>condici\u00f3n <span class=\"__1 _c8\"></span>de<span class=\"__1 _1bc\"> </span>consumidor <span class=\"__1 _6\"></span>electrointensivo<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>as\u00ed como <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>periodo <span class=\"__1 _6\"></span>medio d<span class=\"__1 _6\"></span>e p<span class=\"__1 _6\"></span>ago legal <span class=\"__1 _8\"></span>en varias<span class=\"__1 _6\"></span> insta<span class=\"__1 _6\"></span>laciones del <span class=\"__1 _6\"></span>Grupo<span class=\"__1 _6\"></span>. Por<span class=\"__1 _1bc\"> </span>su <span class=\"__1 _8\"></span>parte <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>apartad<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>\u201c<span class=\"__1 _6\"></span>Otros <span class=\"__1 _8\"></span>servicios\u201d <span class=\"__1 _8\"></span>incluye <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>rincipalmente <span class=\"__1 _4\"></span><span class=\"ff4\">servicios <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>verificaci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>informaci\u00f3n <span class=\"__1 _8\"></span>no<span class=\"__1 _1bc\"> </span></span>financiera<span class=\"ls17\">. </span>Tra<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>te<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>, fl<span class=\"__1 _6\"></span>ete<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> y c<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span>te<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> c<span class=\"__1 _6\"></span>ome<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _1b\"> </span><span class=\"ls49\">            6<span class=\"__1 _6\"></span>2.55<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              3.26<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>            6<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.817<span class=\"__1 _6\"></span> <span class=\"__1 _126\"> </span>            6<span class=\"__1 _6\"></span>2.51<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              2.39<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>            6<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>.902<span class=\"__1 _1bc\"> </span></span>Sumi<span class=\"__1 _6\"></span>ni<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>tros<span class=\"__1 _13a\"> </span><span class=\"ls49\">            12<span class=\"__1 _6\"></span>.17<span class=\"__1 _6\"></span>7 <span class=\"__1 _cd\"> </span>              5<span class=\"__1 _6\"></span>.14<span class=\"__1 _6\"></span>7 <span class=\"__1 _c9\"> </span>            17<span class=\"__1 _6\"></span>.134<span class=\"__1 _6\"></span> <span class=\"__1 _126\"> </span>            5<span class=\"__1 _6\"></span>6.39<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              6.82<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>            6<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.970<span class=\"__1 _1bc\"> </span></span>Re<span class=\"__1 _5\"></span>pa<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>nes<span class=\"__1 _6\"></span> y c<span class=\"__1 _6\"></span>ons<span class=\"__1 _8\"></span>erva<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3<span class=\"__1 _6\"></span>n<span class=\"__1 _44\"> </span><span class=\"ls49\">            16<span class=\"__1 _6\"></span>.92<span class=\"__1 _6\"></span>6 <span class=\"__1 _c9\"> </span>            22<span class=\"__1 _6\"></span>.22<span class=\"__1 _6\"></span>5 <span class=\"__1 _c9\"> </span>            39<span class=\"__1 _6\"></span>.15<span class=\"__1 _6\"></span>1 <span class=\"__1 _126\"> </span>            1<span class=\"__1 _6\"></span>6.22<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>            2<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>.914<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>            41<span class=\"__1 _6\"></span>.138<span class=\"__1 _1bc\"> </span></span>Se<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>vi<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de profes<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>ndepe<span class=\"__1 _5\"></span>ndi<span class=\"__1 _8\"></span>ent<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _129\"> </span><span class=\"ls49\">              5<span class=\"__1 _6\"></span>.53<span class=\"__1 _6\"></span>1 <span class=\"__1 _cd\"> </span>              2<span class=\"__1 _6\"></span>.15<span class=\"__1 _6\"></span>2 <span class=\"__1 _cd\"> </span>              7<span class=\"__1 _6\"></span>.68<span class=\"__1 _6\"></span>3 <span class=\"__1 _33\"> </span>              4.98<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              2.90<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              7.89<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span></span>Pr<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>mas<span class=\"__1 _8\"></span> de s<span class=\"__1 _6\"></span>eguros<span class=\"__1 _13b\"> </span><span class=\"ls49\">              4.93<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              3.71<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              8.64<span class=\"__1 _6\"></span>3 <span class=\"__1 _33\"> </span>              4<span class=\"__1 _6\"></span>.388<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              3<span class=\"__1 _6\"></span>.578<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              7<span class=\"__1 _6\"></span>.966<span class=\"__1 _1bc\"> </span></span>Se<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>vi<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>ba<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span> y s<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>m<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>es<span class=\"__1 _98\"> </span><span class=\"ls49\">              2.33<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                 66<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>              3.00<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span> <span class=\"__1 _33\"> </span>              1.067<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                 8<span class=\"__1 _6\"></span>11<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>              1<span class=\"__1 _6\"></span>.878<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>rr<span class=\"__1 _6\"></span>enda<span class=\"__1 _6\"></span>mi<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>ntos<span class=\"__1 _6\"></span> y c<span class=\"__1 _6\"></span>\u00e1<span class=\"__1 _8\"></span>non<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span> (<span class=\"__1 _6\"></span>Not<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span> 1<span class=\"__1 _6\"></span>7.3)<span class=\"__1 _ec\"> </span><span class=\"ls49\">                 6<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>8 <span class=\"__1 _cf\"> </span>                 2<span class=\"__1 _6\"></span>64<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>                 9<span class=\"__1 _6\"></span>42<span class=\"__1 _6\"></span> <span class=\"__1 _20\"> </span>                 57<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>                 20<span class=\"__1 _6\"></span>2 <span class=\"__1 _cf\"> </span>                 7<span class=\"__1 _6\"></span>74<span class=\"__1 _1bc\"> </span></span>Pub<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>da<span class=\"__1 _8\"></span>d, pr<span class=\"__1 _6\"></span>opa<span class=\"__1 _8\"></span>ga<span class=\"__1 _6\"></span>nda<span class=\"__1 _8\"></span> y r<span class=\"__1 _6\"></span>el<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span> p\u00fabl<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> <span class=\"__1 _83\"> </span><span class=\"ls49\">              3<span class=\"__1 _6\"></span>.812<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                 1<span class=\"__1 _6\"></span>58<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>              3<span class=\"__1 _6\"></span>.970<span class=\"__1 _6\"></span> <span class=\"__1 _33\"> </span>              1.02<span class=\"__1 _6\"></span>9 <span class=\"__1 _cd\"> </span>                 1<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>9 <span class=\"__1 _cf\"> </span>              1<span class=\"__1 _6\"></span>.14<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span></span>Ga<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>tos<span class=\"__1 _8\"></span> de i<span class=\"__1 _6\"></span>nv<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span>ti<span class=\"__1 _8\"></span>ga<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n y d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>ol<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>o<span class=\"__1 _52\"> </span><span class=\"ls49\">                 15<span class=\"__1 _6\"></span>5 <span class=\"__1 _cf\"> </span>                      7<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                 16<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _33\"> </span>                    72<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _4\"> </span>                    7<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span></span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> s<span class=\"__1 _6\"></span>ervi<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>os<span class=\"__1 _f8\"> </span><span class=\"ls49\">            38.18<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>            2<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>.298<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>            6<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.457<span class=\"__1 _6\"></span> <span class=\"__1 _126\"> </span>            3<span class=\"__1 _6\"></span>5.35<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>            3<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.722<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>            65<span class=\"__1 _6\"></span>.104</span>  1<span class=\"__1 _6\"></span>47<span class=\"__1 _6\"></span>.28<span class=\"__1 _6\"></span>8 <span class=\"__1 _6\"></span>  <span class=\"__1 _126\"> </span>  6<span class=\"__1 _6\"></span>6.89<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>   <span class=\"__1 _124\"> </span> <span class=\"__1 _6\"></span> 21<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.96<span class=\"__1 _6\"></span>2   <span class=\"__1 _108\"> </span>  1<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>59<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>   <span class=\"__1 _126\"> </span>  <span class=\"__1 _6\"></span>72<span class=\"__1 _6\"></span>.46<span class=\"__1 _6\"></span>6 <span class=\"__1 _6\"></span>  <span class=\"__1 _124\"> </span>  2<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>84<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span>31/12/2022<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de e<span class=\"__1 _5\"></span>ur<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Ce<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>nova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _1bc\"> </span>Grup<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>c<span class=\"__1 _6\"></span>ons<span class=\"__1 _8\"></span>ol<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>da<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Ce<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>nova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _1bc\"> </span>31/12/2023<span class=\"__1 _1bc\"> </span>Grup<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>c<span class=\"__1 _6\"></span>ons<span class=\"__1 _8\"></span>ol<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>da<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>M<span class=\"__1 _5\"></span>il<span class=\"__1 _70\"></span>e<span class=\"__1 _6\"></span>s \u20ac<span class=\"__1 _b8\"> </span><span class=\"ff3_1 ls4b\">2023<span class=\"__1 _18\"> </span>2022<span class=\"__1 _1bc\"> </span></span>Se<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _4\"></span>os<span class=\"__1 _8\"></span> de<span class=\"__1 _5\"></span> a<span class=\"__1 _8\"></span>udi<span class=\"__1 _4\"></span>t<span class=\"__1 _70\"></span>or<span class=\"__1 _6\"></span>\u00eda<span class=\"__1 _10d\"> </span><span class=\"ls4b\">235<span class=\"__1 _a\"> </span>235<span class=\"__1 _1bc\"> </span></span>Se<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _4\"></span>os<span class=\"__1 _8\"></span> r<span class=\"__1 _6\"></span>e<span class=\"__1 _70\"></span>l<span class=\"__1 _4\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _4\"></span>ona<span class=\"__1 _8\"></span>dos<span class=\"__1 _8\"></span> c<span class=\"__1 _8\"></span>on l<span class=\"__1 _4\"></span>a<span class=\"__1 _6\"></span> a<span class=\"__1 _8\"></span>udi<span class=\"__1 _4\"></span>t<span class=\"__1 _70\"></span>or<span class=\"__1 _8\"></span>\u00eda<span class=\"__1 _10c\"> </span><span class=\"ls4b\">25<span class=\"__1 _79\"> </span>13<span class=\"__1 _1bc\"> </span></span>Otr<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> s<span class=\"__1 _8\"></span>ervi<span class=\"__1 _4\"></span>ci<span class=\"__1 _4\"></span>os<span class=\"__1 _13c\"> </span><span class=\"ls4b\">56<span class=\"__1 _3f\"> </span>43<span class=\"__1 _1bc\"> </span></span>13.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Gastos e ingresos financieros<span class=\"__1 _1bc\"> </span></span></span>El <span class=\"__1 _4\"></span>detalle <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>estos <span class=\"__1 _8\"></span>ep\u00edgrafes <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>Estad<span class=\"__1 _6\"></span>o <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>Resultado <span class=\"__1 _8\"></span>Consolida<span class=\"__1 _6\"></span>do <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>los <span class=\"__1 _4\"></span>ejerci<span class=\"__1 _5\"></span>cios <span class=\"__1 _4\"></span>2023 <span class=\"__1 _8\"></span>y <span class=\"__1 _4\"></span>2022 <span class=\"__1 _8\"></span>es <span class=\"__1 _4\"></span>como<span class=\"__1 _1bc\"> </span>sigue:<span class=\"__1 _1bc\"> </span>La cuenta <span class=\"__1 _6\"></span>\u201cOtros<span class=\"__1 _6\"></span> ingresos <span class=\"__1 _6\"></span>finan<span class=\"__1 _6\"></span>cieros\u201d recog<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span><span class=\"ff4\">principal<span class=\"__1 _6\"></span>mente la <span class=\"__1 _6\"></span>remunerac<span class=\"__1 _6\"></span>i\u00f3n o<span class=\"__1 _6\"></span>btenida <span class=\"__1 _6\"></span>de los<span class=\"__1 _6\"></span> excedentes<span class=\"__1 _6\"></span> de<span class=\"__1 _1bc\"> </span></span>tesorer\u00eda.<span class=\"__1 _1bc\"> </span>Tot<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _bb\"> </span>Total<span class=\"__1 _1bc\"> </span>Ga<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>tos<span class=\"__1 _8\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>ro<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>-<span class=\"__1 _1bc\"> </span>Bono Co<span class=\"__1 _6\"></span>nverti<span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _13d\"> </span><span class=\"ls4c\">                (19<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>)<span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _6\"></span>                (1<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>3)<span class=\"__1 _c7\"> </span>            (2<span class=\"__1 _6\"></span>.28<span class=\"__1 _6\"></span>5)<span class=\"__1 _2a\"> </span>                     -   <span class=\"__1 _4\"> </span>            (2.28<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>Ob<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>ga<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span> / Not<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _13e\"> </span><span class=\"ls4c\">                     -   <span class=\"__1 _4\"> </span>            (5.46<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (5.46<span class=\"__1 _6\"></span>0)<span class=\"__1 _106\"> </span>                     -   <span class=\"__1 _c8\"> </span>            (3.09<span class=\"__1 _6\"></span>1)<span class=\"__1 _cf\"> </span>            (3<span class=\"__1 _6\"></span>.091<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>Pr<span class=\"__1 _6\"></span>\u00e9s<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>mos<span class=\"__1 _6\"></span>, l<span class=\"__1 _6\"></span>\u00edn<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> de cr<span class=\"__1 _6\"></span>\u00e9di<span class=\"__1 _6\"></span>to y o<span class=\"__1 _6\"></span>tros<span class=\"__1 _11c\"> </span><span class=\"ls4c\">          (1<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.882<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (3.52<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (20<span class=\"__1 _6\"></span>.40<span class=\"__1 _6\"></span>2)<span class=\"__1 _bd\"> </span>            (3<span class=\"__1 _6\"></span>.453<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (2.25<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (5.70<span class=\"__1 _6\"></span>9)<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>tua<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>za<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _6\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _8\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span> Va<span class=\"__1 _6\"></span>j<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>m y ot<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> (Not<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>23<span class=\"__1 _6\"></span> y 2<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>)<span class=\"__1 _cc\"> </span><span class=\"ls4c\">            (3<span class=\"__1 _6\"></span>.55<span class=\"__1 _6\"></span>5)<span class=\"__1 _cf\"> </span>            (5<span class=\"__1 _6\"></span>.598<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (9.15<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>)<span class=\"__1 _b7\"> </span>            (2<span class=\"__1 _6\"></span>.64<span class=\"__1 _6\"></span>2)<span class=\"__1 _cf\"> </span>            (6<span class=\"__1 _6\"></span>.215<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (8.85<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>Comi<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> y otr<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> ga<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>os<span class=\"__1 _13f\"> </span><span class=\"ls4c\">            (1.28<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)<span class=\"__1 _ce\"> </span>            (1<span class=\"__1 _6\"></span>.47<span class=\"__1 _6\"></span>1)<span class=\"__1 _cf\"> </span>            (2<span class=\"__1 _6\"></span>.751<span class=\"__1 _6\"></span>)<span class=\"__1 _bd\"> </span>            (1.76<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (2.44<span class=\"__1 _6\"></span>9)<span class=\"__1 _cf\"> </span>            (4<span class=\"__1 _6\"></span>.211<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>Ca<span class=\"__1 _6\"></span>pi<span class=\"__1 _8\"></span>ta<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>za<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> ga<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>tos<span class=\"__1 _6\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _8\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>ro<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> (N<span class=\"__1 _5\"></span>ota<span class=\"__1 _6\"></span> 1<span class=\"__1 _6\"></span>8)<span class=\"__1 _8b\"> </span><span class=\"ls4c\">                 3<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>6 <span class=\"__1 _cf\"> </span>                      9<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                 32<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _b7\"> </span>                 2<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>7 <span class=\"__1 _cd\"> </span>                    2<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                 27<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span></span>Re<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>tado<span class=\"__1 _6\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>o i<span class=\"__1 _8\"></span>ntra<span class=\"__1 _8\"></span>-neg<span class=\"__1 _5\"></span>oc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _de\"> </span><span class=\"ls4c\">                 78<span class=\"__1 _6\"></span>7 <span class=\"__1 _c9\"> </span>                (78<span class=\"__1 _6\"></span>7)<span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _5c\"> </span>              1.02<span class=\"__1 _6\"></span>2 <span class=\"__1 _c9\"> </span>            (1.02<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>)<span class=\"__1 _d0\"> </span>                     -  </span>De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>hos<span class=\"__1 _8\"></span> de us<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>br<span class=\"__1 _6\"></span>e ac<span class=\"__1 _6\"></span>ti<span class=\"__1 _8\"></span>vos<span class=\"__1 _8\"></span> (Not<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span> 1<span class=\"__1 _6\"></span>7)<span class=\"__1 _e\"> </span><span class=\"ls4c\">            (2.27<span class=\"__1 _6\"></span>4)<span class=\"__1 _cd\"> </span>                  (9<span class=\"__1 _6\"></span>0)<span class=\"__1 _cf\"> </span>            (2<span class=\"__1 _6\"></span>.364<span class=\"__1 _6\"></span>)<span class=\"__1 _bd\"> </span>            (1.92<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>                  (51<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (1.97<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>)</span>          (23<span class=\"__1 _6\"></span>.08<span class=\"__1 _6\"></span>1)<span class=\"__1 _cd\"> </span>          (1<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.917<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (39<span class=\"__1 _6\"></span>.99<span class=\"__1 _6\"></span>8)<span class=\"__1 _c7\"> </span>          (1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.800<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (1<span class=\"__1 _6\"></span>5.05<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (25<span class=\"__1 _6\"></span>.85<span class=\"__1 _6\"></span>9)<span class=\"__1 _1bc\"> </span>I<span class=\"__1 _6\"></span>ngr<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>ro<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>-<span class=\"__1 _1bc\"> </span>Contra<span class=\"__1 _8\"></span>pr<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>tac<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _6\"></span> c<span class=\"__1 _6\"></span>onti<span class=\"__1 _8\"></span>nge<span class=\"__1 _5\"></span>nte<span class=\"__1 _70\"></span> (Nota <span class=\"__1 _6\"></span>27<span class=\"__1 _6\"></span>)<span class=\"__1 _52\"> </span><span class=\"ls4c\">                 869<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>                 15<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>              1.02<span class=\"__1 _6\"></span>5 <span class=\"__1 _c7\"> </span>                 8<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>1 <span class=\"__1 _cf\"> </span>                 1<span class=\"__1 _6\"></span>44<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>              1.00<span class=\"__1 _6\"></span>5<span class=\"__1 _1bc\"> </span></span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> i<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>gres<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _8\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>os<span class=\"__1 _144\"> </span><span class=\"ls4c\">              4.75<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                 77<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>              5<span class=\"__1 _6\"></span>.53<span class=\"__1 _6\"></span>5 <span class=\"__1 _145\"> </span>                    34<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>                    3<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>                    6<span class=\"__1 _6\"></span>7</span>              5.62<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                 93<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>              6<span class=\"__1 _6\"></span>.56<span class=\"__1 _6\"></span>0 <span class=\"__1 _c7\"> </span>                 8<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>5 <span class=\"__1 _cf\"> </span>                 1<span class=\"__1 _6\"></span>77<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>              1.07<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>va<span class=\"__1 _6\"></span>do<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e cobertur<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>-  Li<span class=\"__1 _6\"></span>qui<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n I<span class=\"__1 _8\"></span>RSwap<span class=\"__1 _6\"></span> (Not<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span> 3<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)<span class=\"__1 _146\"> </span><span class=\"ls4c\">                    86<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              3.15<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              3.24<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _a8\"> </span>                     -   <span class=\"__1 _4\"> </span>            (1<span class=\"__1 _6\"></span>.46<span class=\"__1 _6\"></span>9)<span class=\"__1 _cf\"> </span>            (1<span class=\"__1 _6\"></span>.469<span class=\"__1 _6\"></span>)</span>                    86<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              3.15<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              3.24<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _a8\"> </span>                     -   <span class=\"__1 _4\"> </span>            (1<span class=\"__1 _6\"></span>.46<span class=\"__1 _6\"></span>9)<span class=\"__1 _cf\"> </span>            (1<span class=\"__1 _6\"></span>.469<span class=\"__1 _6\"></span>)          (17<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>36<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (12.82<span class=\"__1 _6\"></span>6)<span class=\"__1 _cd\"> </span>          (3<span class=\"__1 _6\"></span>0.193<span class=\"__1 _6\"></span>)<span class=\"__1 _bd\"> </span>            (9.905<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (16<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>35<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (26.25<span class=\"__1 _6\"></span>6)<span class=\"__1 _1bc\"> </span>31/12/2023<span class=\"__1 _1bc\"> </span>31/12/2022<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de e<span class=\"__1 _5\"></span>ur<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Ce<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>nova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Ce<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>nova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesByNatureExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-531": {
   "value": "11.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Personal<span class=\"__1 _1bc\"> </span></span></span><span class=\"ff5 ls0_1\"><span class=\"ff3_1\"> </span></span>Los <span class=\"__1 _6\"></span>gas<span class=\"__1 _6\"></span>tos <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>pers<span class=\"__1 _6\"></span>onal <span class=\"__1 _6\"></span>incurridos <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>ejercicios <span class=\"__1 _6\"></span>2023 <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>2022 <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>distintos <span class=\"__1 _6\"></span>negocios<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>desarrollad<span class=\"__1 _6\"></span>os <span class=\"__1 _6\"></span>por<span class=\"__1 _1bc\"> </span> ENCE son<span class=\"__1 _6\"></span> los siguientes:<span class=\"__1 _1bc\"> </span>11.1<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Datos de plantilla<span class=\"__1 _1bc\"> </span></span></span>La <span class=\"__1 _6\"></span>plantilla <span class=\"__1 _6\"></span>media <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>Grupo <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>ejercicios 2023 <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>2022, <span class=\"__1 _6\"></span>detallada <span class=\"__1 _6\"></span>po<span class=\"__1 _6\"></span>r <span class=\"__1 _6\"></span>categor\u00eda <span class=\"__1 _6\"></span>profesional <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>sexo, <span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>la<span class=\"__1 _1bc\"> </span>siguiente:<span class=\"__1 _1bc\"> </span>As\u00ed <span class=\"__1 _5\"></span>mismo <span class=\"__1 _5\"></span>la <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>istribuci\u00f3n de <span class=\"__1 _70\"></span>la <span class=\"__1 _70\"></span>plan<span class=\"__1 _6\"></span>tilla <span class=\"__1 _5\"></span>del <span class=\"__1 _70\"></span>Gru<span class=\"__1 _6\"></span>po <span class=\"__1 _70\"></span>al 31 <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>diciembre <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>2023 y <span class=\"__1 _70\"></span>2022, detallada <span class=\"__1 _70\"></span>por categor\u00eda<span class=\"__1 _1bc\"> </span>profesional y s<span class=\"__1 _6\"></span>exo, es la siguiente:<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de e<span class=\"__1 _70\"></span>u<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>N<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Ce<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span>N<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>ova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _1bc\"> </span>Grup<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>Cons<span class=\"__1 _8\"></span>ol<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>da<span class=\"__1 _8\"></span>do<span class=\"__1 _1bc\"> </span>N<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Ce<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span>N<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>ova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _1bc\"> </span>Grup<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>Cons<span class=\"__1 _8\"></span>ol<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>da<span class=\"__1 _8\"></span>do<span class=\"__1 _1bc\"> </span>Suel<span class=\"__1 _6\"></span>dos<span class=\"__1 _8\"></span> y s<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>os<span class=\"__1 _120\"> </span>  6<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.83<span class=\"__1 _6\"></span>9 <span class=\"__1 _6\"></span>  <span class=\"__1 _110\"> </span>  1<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.47<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>   <span class=\"__1 _110\"> </span>  7<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.31<span class=\"__1 _6\"></span>6 <span class=\"__1 _6\"></span>  <span class=\"__1 _6e\"> </span>56<span class=\"__1 _6\"></span>.74<span class=\"__1 _6\"></span>1<span class=\"__1 _25\"> </span>13<span class=\"__1 _6\"></span>.34<span class=\"__1 _6\"></span>2 <span class=\"__1 _59\"> </span>7<span class=\"__1 _6\"></span>0.0<span class=\"__1 _6\"></span>83<span class=\"__1 _1bc\"> </span>Se<span class=\"__1 _5\"></span>guri<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span> Soc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _9f\"> </span>  16<span class=\"__1 _6\"></span>.35<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>   <span class=\"__1 _f9\"> </span>  4<span class=\"__1 _6\"></span>.01<span class=\"__1 _6\"></span>9  <span class=\"__1 _6\"></span> <span class=\"__1 _110\"> </span>  2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.370<span class=\"__1 _6\"></span>   <span class=\"__1 _6e\"> </span>1<span class=\"__1 _6\"></span>4.0<span class=\"__1 _6\"></span>51<span class=\"__1 _6e\"> </span>3<span class=\"__1 _6\"></span>.26<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _5a\"> </span>1<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.31<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _5\"></span>por<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n pl<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>nes<span class=\"__1 _6\"></span> pens<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span> (N<span class=\"__1 _5\"></span>ota<span class=\"__1 _6\"></span> 3<span class=\"__1 _6\"></span>.14<span class=\"__1 _6\"></span>)<span class=\"__1 _ed\"> </span>  2<span class=\"__1 _6\"></span>.20<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>   <span class=\"__1 _53\"> </span>  3<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>   <span class=\"__1 _12\"> </span>2.56<span class=\"__1 _6\"></span>9<span class=\"__1 _79\"> </span>2.0<span class=\"__1 _6\"></span>29<span class=\"__1 _61\"> </span><span class=\"ls40\">317 <span class=\"__1 _4d\"> </span></span>2<span class=\"__1 _6\"></span>.34<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> ga<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>os<span class=\"__1 _8\"></span> s<span class=\"__1 _8\"></span>oc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _40\"> </span>1<span class=\"__1 _6\"></span>.60<span class=\"__1 _6\"></span>2<span class=\"__1 _61\"> </span><span class=\"ls40\">201<span class=\"__1 _8b\"> </span></span>1<span class=\"__1 _6\"></span>.80<span class=\"__1 _6\"></span>3<span class=\"__1 _3f\"> </span>1<span class=\"__1 _6\"></span>.41<span class=\"__1 _6\"></span>0<span class=\"__1 _61\"> </span><span class=\"ls40\">190<span class=\"__1 _8b\"> </span></span>1<span class=\"__1 _6\"></span>.60<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span>81<span class=\"__1 _6\"></span>.99<span class=\"__1 _6\"></span>6<span class=\"__1 _25\"> </span>20<span class=\"__1 _6\"></span>.06<span class=\"__1 _6\"></span>2<span class=\"__1 _b\"> </span>1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.05<span class=\"__1 _6\"></span>8<span class=\"__1 _f\"> </span>74.23<span class=\"__1 _6\"></span>1<span class=\"__1 _25\"> </span>1<span class=\"__1 _6\"></span>7.1<span class=\"__1 _6\"></span>14<span class=\"__1 _25\"> </span>9<span class=\"__1 _6\"></span>1.3<span class=\"__1 _6\"></span>45<span class=\"__1 _1bc\"> </span>Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>ne<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span> ret<span class=\"__1 _5\"></span>ri<span class=\"__1 _8\"></span>b<span class=\"__1 _6\"></span>uc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n a<span class=\"__1 _8\"></span> l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>go p<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>zo (Not<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span> 3<span class=\"__1 _6\"></span>.14<span class=\"__1 _6\"></span>)<span class=\"__1 _129\"> </span>1<span class=\"__1 _6\"></span>.08<span class=\"__1 _6\"></span>6<span class=\"__1 _92\"> </span>  3<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>   <span class=\"__1 _f9\"> </span>  1.12<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>   <span class=\"__1 _87\"> </span><span class=\"ls40\">57</span>                  <span class=\"ls0_1\"> <span class=\"__1 _dd\"> </span><span class=\"ls40\">88<span class=\"__1 _12e\"></span><span class=\"ls41\">                  <span class=\"ls0_1\"> </span></span></span></span>I<span class=\"__1 _6\"></span>nd<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>m<span class=\"__1 _5\"></span>ni<span class=\"__1 _8\"></span>za<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _10f\"> </span>  1<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>   <span class=\"__1 _99\"> </span><span class=\"ls40\">592<span class=\"__1 _f\"> </span>791<span class=\"__1 _3f\"> </span></span>1.1<span class=\"__1 _6\"></span>00<span class=\"__1 _61\"> </span><span class=\"ls40\">658<span class=\"__1 _8b\"> </span></span>1<span class=\"__1 _6\"></span>.75<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span>83<span class=\"__1 _6\"></span>.28<span class=\"__1 _6\"></span>1<span class=\"__1 _25\"> </span>20<span class=\"__1 _6\"></span>.691<span class=\"__1 _12f\"> </span>10<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.97<span class=\"__1 _6\"></span>2<span class=\"__1 _2f\"> </span>7<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.38<span class=\"__1 _6\"></span>8<span class=\"__1 _25\"> </span>17<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>8<span class=\"__1 _6\"></span>03<span class=\"__1 _25\"> </span>9<span class=\"__1 _6\"></span>3.19<span class=\"__1 _6\"></span>1<span class=\"__1 _1bc\"> </span>31/12/2023<span class=\"__1 _1bc\"> </span>31/12/2022<span class=\"__1 _1bc\"> </span>Ca<span class=\"__1 _6\"></span>te<span class=\"__1 _5\"></span>gor\u00eda<span class=\"__1 _8\"></span> Pr<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>fes<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ona<span class=\"__1 _8\"></span>l<span class=\"__1 _134\"> </span>Hombres<span class=\"__1 _c7\"> </span>Muj<span class=\"__1 _6\"></span>eres<span class=\"__1 _ff\"> </span>Tota<span class=\"__1 _6\"></span>l<span class=\"__1 _59\"> </span>Hombr<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _c7\"> </span>Muj<span class=\"__1 _8\"></span>ere<span class=\"__1 _5\"></span>s<span class=\"__1 _33\"> </span>T<span class=\"__1 _5\"></span>ota<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span>Di<span class=\"__1 _8\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vos<span class=\"__1 _112\"> </span><span class=\"ls42\">57<span class=\"__1 _18\"> </span>17<span class=\"__1 _18\"> </span>74<span class=\"__1 _35\"> </span>51<span class=\"__1 _18\"> </span>14<span class=\"__1 _18\"> </span>65<span class=\"__1 _1bc\"> </span></span>Ge<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>ent<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _135\"> </span><span class=\"ls42\">68<span class=\"__1 _f5\"> </span>27<span class=\"__1 _18\"> </span>95<span class=\"__1 _2c\"> </span>60<span class=\"__1 _f5\"> </span>23<span class=\"__1 _18\"> </span>83<span class=\"__1 _1bc\"> </span></span>Re<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>ons<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de e<span class=\"__1 _70\"></span>qu<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>po<span class=\"__1 _d7\"> </span><span class=\"ls42\">68<span class=\"__1 _fd\"> </span></span>5<span class=\"__1 _18\"> </span><span class=\"ls42\">73<span class=\"__1 _2c\"> </span>68<span class=\"__1 _fd\"> </span></span>5<span class=\"__1 _18\"> </span><span class=\"ls42\">73<span class=\"__1 _1bc\"> </span></span>T\u00e9<span class=\"__1 _70\"></span>c<span class=\"__1 _6\"></span>ni<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>os<span class=\"__1 _136\"> </span><span class=\"ls42\">216<span class=\"__1 _12\"> </span>147<span class=\"__1 _fb\"> </span>363<span class=\"__1 _d7\"> </span>195<span class=\"__1 _12\"> </span>122<span class=\"__1 _fb\"> </span>317<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>dmi<span class=\"__1 _6\"></span>ni<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>tra<span class=\"__1 _8\"></span>ti<span class=\"__1 _6\"></span>vo<span class=\"__1 _6\"></span>s<span class=\"__1 _11c\"> </span><span class=\"ls42\">15<span class=\"__1 _18\"> </span>37<span class=\"__1 _18\"> </span>52<span class=\"__1 _137\"> </span>16<span class=\"__1 _18\"> </span>38<span class=\"__1 _f5\"> </span>54<span class=\"__1 _1bc\"> </span></span>Op<span class=\"__1 _6\"></span>era<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>es<span class=\"__1 _138\"> </span><span class=\"ls42\">292<span class=\"__1 _18\"> </span>46<span class=\"__1 _12\"> </span>338<span class=\"__1 _d7\"> </span>288<span class=\"__1 _f5\"> </span>34<span class=\"__1 _fb\"> </span>322<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>poyo <span class=\"__1 _6\"></span>y me<span class=\"__1 _70\"></span>j<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span>a<span class=\"__1 _139\"> </span><span class=\"ls42\">47<span class=\"__1 _f5\"> </span>45<span class=\"__1 _18\"> </span>92<span class=\"__1 _137\"> </span>47<span class=\"__1 _18\"> </span>48<span class=\"__1 _18\"> </span>95<span class=\"__1 _1bc\"> </span></span>Ma<span class=\"__1 _6\"></span>nte<span class=\"__1 _5\"></span>ni<span class=\"__1 _8\"></span>mi<span class=\"__1 _6\"></span>ent<span class=\"__1 _5\"></span>o<span class=\"__1 _8e\"> </span><span class=\"ls42\">133<span class=\"__1 _fd\"> </span></span>2<span class=\"__1 _fb\"> </span><span class=\"ls42\">135<span class=\"__1 _d7\"> </span>131<span class=\"__1 _fd\"> </span></span>2<span class=\"__1 _fb\"> </span><span class=\"ls42\">133<span class=\"__1 _1bc\"> </span></span>896<span class=\"__1 _12\"> </span>326<span class=\"__1 _49\"> </span><span class=\"ls0_1\">1<span class=\"__1 _6\"></span>.22<span class=\"__1 _6\"></span>2<span class=\"__1 _d7\"> </span></span>856<span class=\"__1 _fb\"> </span>286<span class=\"__1 _49\"> </span><span class=\"ls0_1\">1<span class=\"__1 _6\"></span>.142<span class=\"__1 _1bc\"> </span></span>2022<span class=\"__1 _1bc\"> </span>N<span class=\"__1 _5\"></span>\u00fame<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span> Me<span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o de E<span class=\"__1 _5\"></span>mpl<span class=\"__1 _6\"></span>ea<span class=\"__1 _6\"></span>dos<span class=\"__1 _8\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span> Ej<span class=\"__1 _6\"></span>erc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>2023<span class=\"__1 _1bc\"> </span>Ca<span class=\"__1 _6\"></span>te<span class=\"__1 _5\"></span>gor\u00eda<span class=\"__1 _8\"></span> Pr<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>fes<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ona<span class=\"__1 _8\"></span>l<span class=\"__1 _134\"> </span>Hombres<span class=\"__1 _c7\"> </span>Muj<span class=\"__1 _6\"></span>eres<span class=\"__1 _ff\"> </span>Tota<span class=\"__1 _6\"></span>l<span class=\"__1 _59\"> </span>Hombr<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _c7\"> </span>Muj<span class=\"__1 _8\"></span>ere<span class=\"__1 _5\"></span>s<span class=\"__1 _33\"> </span>T<span class=\"__1 _5\"></span>ota<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span>Di<span class=\"__1 _8\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vos<span class=\"__1 _112\"> </span><span class=\"ls42\">57<span class=\"__1 _18\"> </span>19<span class=\"__1 _18\"> </span>76<span class=\"__1 _35\"> </span>54<span class=\"__1 _18\"> </span>15<span class=\"__1 _18\"> </span>69<span class=\"__1 _1bc\"> </span></span>Ge<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>ent<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _135\"> </span><span class=\"ls42\">69<span class=\"__1 _f5\"> </span>31<span class=\"__1 _fb\"> </span>100<span class=\"__1 _137\"> </span>63<span class=\"__1 _18\"> </span>24<span class=\"__1 _18\"> </span>87<span class=\"__1 _1bc\"> </span></span>Re<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>ons<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de e<span class=\"__1 _70\"></span>qu<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>po<span class=\"__1 _d7\"> </span><span class=\"ls42\">69<span class=\"__1 _fd\"> </span></span>5<span class=\"__1 _18\"> </span><span class=\"ls42\">74<span class=\"__1 _137\"> </span>69<span class=\"__1 _fd\"> </span></span>5<span class=\"__1 _18\"> </span><span class=\"ls42\">74<span class=\"__1 _1bc\"> </span></span>T\u00e9<span class=\"__1 _70\"></span>c<span class=\"__1 _6\"></span>ni<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>os<span class=\"__1 _136\"> </span><span class=\"ls42\">226<span class=\"__1 _12\"> </span>160<span class=\"__1 _fb\"> </span>386<span class=\"__1 _d7\"> </span>201<span class=\"__1 _12\"> </span>134<span class=\"__1 _fb\"> </span>335<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>dmi<span class=\"__1 _6\"></span>ni<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>tra<span class=\"__1 _8\"></span>ti<span class=\"__1 _6\"></span>vo<span class=\"__1 _6\"></span>s<span class=\"__1 _11c\"> </span><span class=\"ls42\">17<span class=\"__1 _18\"> </span>40<span class=\"__1 _18\"> </span>57<span class=\"__1 _137\"> </span>15<span class=\"__1 _18\"> </span>40<span class=\"__1 _f5\"> </span>55<span class=\"__1 _1bc\"> </span></span>Op<span class=\"__1 _6\"></span>era<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>es<span class=\"__1 _138\"> </span><span class=\"ls42\">299<span class=\"__1 _18\"> </span>47<span class=\"__1 _12\"> </span>346<span class=\"__1 _d7\"> </span>277<span class=\"__1 _f5\"> </span>36<span class=\"__1 _fb\"> </span>313<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>poyo <span class=\"__1 _6\"></span>y me<span class=\"__1 _70\"></span>j<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span>a<span class=\"__1 _139\"> </span><span class=\"ls42\">49<span class=\"__1 _f5\"> </span>43<span class=\"__1 _18\"> </span>92<span class=\"__1 _137\"> </span>47<span class=\"__1 _18\"> </span>42<span class=\"__1 _18\"> </span>89<span class=\"__1 _1bc\"> </span></span>Ma<span class=\"__1 _6\"></span>nte<span class=\"__1 _5\"></span>ni<span class=\"__1 _8\"></span>mi<span class=\"__1 _6\"></span>ent<span class=\"__1 _5\"></span>o<span class=\"__1 _8e\"> </span><span class=\"ls42\">130<span class=\"__1 _fd\"> </span></span>1<span class=\"__1 _fb\"> </span><span class=\"ls42\">131<span class=\"__1 _d7\"> </span>123<span class=\"__1 _fd\"> </span></span>3<span class=\"__1 _fb\"> </span><span class=\"ls42\">126<span class=\"__1 _1bc\"> </span></span>916<span class=\"__1 _12\"> </span>346<span class=\"__1 _49\"> </span><span class=\"ls0_1\">1<span class=\"__1 _6\"></span>.26<span class=\"__1 _6\"></span>2<span class=\"__1 _d7\"> </span></span>849<span class=\"__1 _fb\"> </span>299<span class=\"__1 _49\"> </span><span class=\"ls0_1\">1<span class=\"__1 _6\"></span>.148<span class=\"__1 _1bc\"> </span></span>2023<span class=\"__1 _1bc\"> </span>2022<span class=\"__1 _1bc\"> </span>N<span class=\"__1 _5\"></span>\u00fame<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span> de E<span class=\"__1 _70\"></span>mpl<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span> c<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>err<span class=\"__1 _6\"></span>e de<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span> Ej<span class=\"__1 _6\"></span>erc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span><div class=\"c_1 w2_1 h58 gsad\"><div class=\"t_1 m0_1 x59 h8_1 y1ef ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Al 31 de diciembre de 2023 y 2022 el n\u00fa<span class=\"__1 _6\"></span>mero de empleados<span class=\"__1 _6\"></span> con una discapacidad<span class=\"__1 _6\"></span> superior al 33% es de 12<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x59 h8_1 y1f0 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">y 10 personas<span class=\"__1 _6\"></span>, respectivamente.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x59 h8_1 y1f1 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Por <span class=\"__1 _8\"></span>otra <span class=\"__1 _4\"></span>parte, <span class=\"__1 _8\"></span>al <span class=\"__1 _8\"></span>31 <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>diciem<span class=\"__1 _5\"></span>bre <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>2023 <span class=\"__1 _6\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>2022 <span class=\"__1 _8\"></span>el <span class=\"__1 _4\"></span>Consejo <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>Administraci\u00f3n <span class=\"__1 _4\"></span>est\u00e1 <span class=\"__1 _4\"></span>conformado <span class=\"__1 _8\"></span>por <span class=\"__1 _8\"></span>13<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x59 h8_1 y21d ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">personas<span class=\"__1 _6\"></span>; 8 varones y 5 mujeres. <span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x69 h64 y872 ff3_1 fs0_1 fc5 sc0_1 ls0_1 ws0_1\">11.2<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Plan de retribuci\u00f3n a largo<span class=\"__1 _5\"></span> plazo </span></span></div><div class=\"t_1 m0_1 x59 h8_1 y873 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">En <span class=\"__1 _c6\"> </span>la  determinaci\u00f3n <span class=\"__1 _c6\"> </span>del <span class=\"__1 _c6\"> </span>importe  devengado <span class=\"__1 _c6\"> </span>por <span class=\"__1 _c6\"> </span>esto<span class=\"__1 _6\"></span>s <span class=\"__1 _c6\"> </span>compromisos  se <span class=\"__1 _c8\"> </span>realizan<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>estimaciones  que <span class=\"__1 _c8\"> </span>s<span class=\"__1 _6\"></span>on </div><div class=\"t_1 m0_1 x59 h8_1 y874 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">revisadas <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>cad<span class=\"__1 _6\"></span>a <span class=\"__1 _4\"></span>cierre <span class=\"__1 _4\"></span>contable, <span class=\"__1 _4\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>impacto <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>las <span class=\"__1 _4\"></span>v<span class=\"__1 _6\"></span>ariaciones <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>registra <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>Esta<span class=\"__1 _6\"></span>do <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>Resulta<span class=\"__1 _6\"></span>do </div><div class=\"t_1 m0_1 x59 h8_1 y875 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">consolidado d<span class=\"__1 _6\"></span>e forma prosp<span class=\"__1 _6\"></span>ectiva.  </div><div class=\"t_1 m0_1 x59 h72 y876 ff9 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Plan de inc<span class=\"__1 _6\"></span>entivo a largo plazo pa<span class=\"__1 _6\"></span>ra el periodo 2023<span class=\"__1 _6\"></span>-<span class=\"ls12\">2027</span> <span class=\"ls43\">/ </span>ENCE Celulosa y <span class=\"__1 _6\"></span>Corporativo </div><div class=\"t_1 m0_1 x59 h8_1 y877 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"__1 _6\"></span>5 <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>mayo <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>2023 <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>Ju<span class=\"__1 _6\"></span>nta <span class=\"__1 _6\"></span>General <span class=\"__1 _6\"></span>Ordinaria <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>Accionistas<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>Sociedad <span class=\"__1 _6\"></span>Domin<span class=\"__1 _6\"></span>ante <span class=\"__1 _6\"></span><span class=\"ff6\">aprob\u00f3<span class=\"__1 _6\"></span> el <span class=\"__1 _6\"></span>\u201cPlan<span class=\"__1 _6\"></span> </span></div><div class=\"t_1 m0_1 x59 h8_1 y4d5 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de incentivo<span class=\"__1 _6\"></span> a <span class=\"__1 _6\"></span>largo <span class=\"__1 _6\"></span>plazo <span class=\"__1 _6\"></span>2023-<span class=\"ff6\">202<span class=\"__1 _6\"></span>7\u201d</span> dirigido <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>directivos,<span class=\"__1 _6\"></span> in<span class=\"__1 _6\"></span>cluido el <span class=\"__1 _6\"></span>Presidente <span class=\"__1 _6\"></span>y Con<span class=\"__1 _6\"></span>sejero <span class=\"__1 _6\"></span>Delegado d<span class=\"__1 _6\"></span>e </div><div class=\"t_1 m0_1 x59 h8_1 y878 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">la <span class=\"__1 _c8\"></span>Sociedad, <span class=\"__1 _c8\"></span>y <span class=\"__1 _4\"></span>o<span class=\"__1 _6\"></span>tros <span class=\"__1 _4\"></span>emplead<span class=\"__1 _6\"></span>os <span class=\"__1 _c8\"> </span>del <span class=\"__1 _c8\"></span>Grupo <span class=\"__1 _c8\"></span>Ence <span class=\"__1 _c8\"></span>(el <span class=\"__1 _4\"></span>\u201cPlan\u201d).<span class=\"__1 _6\"></span><span class=\"ff4\"> <span class=\"__1 _c8\"> </span>El <span class=\"__1 _c8\"> </span>Plan <span class=\"__1 _c8\"> </span>permite <span class=\"__1 _c8\"></span>a <span class=\"__1 _c8\"></span>sus <span class=\"__1 _c8\"></span>beneficiarios <span class=\"__1 _4\"></span>p<span class=\"__1 _6\"></span>ercibir, </span></div><div class=\"t_1 m0_1 x59 h8_1 y879 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">transcurrido un determinado p<span class=\"__1 _6\"></span>eriodo de tiempo, un incentivo pagadero <span class=\"__1 _6\"></span>en acciones de En<span class=\"__1 _6\"></span>ce y en me<span class=\"__1 _5\"></span>t\u00e1lico, </div><div class=\"t_1 m0_1 x59 h8_1 y87a ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">siempre <span class=\"__1 _4\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>cu<span class=\"__1 _6\"></span>mplan <span class=\"__1 _c8\"></span>determinados <span class=\"__1 _c8\"></span>objetivos <span class=\"__1 _c8\"> </span>plurianuales <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"></span>la <span class=\"__1 _4\"></span>Sociedad<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>y <span class=\"__1 _c8\"> </span>se <span class=\"__1 _c8\"></span>re\u00fanan <span class=\"__1 _c8\"></span>los <span class=\"__1 _4\"></span>requis<span class=\"__1 _6\"></span>itos </div><div class=\"t_1 m0_1 x59 h8_1 y87b ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">previstos p<span class=\"__1 _6\"></span>ara ello en el Reglamento del Plan.<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x59 h8_1 y87c ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Inicialmente <span class=\"__1 _8\"></span>son <span class=\"__1 _8\"></span>potenciales <span class=\"__1 _8\"></span>beneficiarios<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>del <span class=\"__1 _6\"></span>Plan <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>Incen<span class=\"__1 _6\"></span>tivo <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>pri<span class=\"__1 _6\"></span>ncipales <span class=\"__1 _8\"></span>directivos <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>Sociedad<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>y<span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x59 h8_1 y87d ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">otro <span class=\"__1 _c8\"> </span>personal <span class=\"__1 _c8\"> </span>clave <span class=\"__1 _c8\"> </span>q<span class=\"__1 _6\"></span>ue, <span class=\"__1 _c8\"></span>bien <span class=\"__1 _c8\"></span>por <span class=\"__1 _c8\"></span>sus <span class=\"__1 _c8\"> </span>responsabilidad<span class=\"__1 _6\"></span>es <span class=\"__1 _4\"></span>o <span class=\"__1 _c8\"> </span>p<span class=\"__1 _6\"></span>or <span class=\"__1 _c8\"></span>su <span class=\"__1 _c8\"></span>perfil, <span class=\"__1 _c8\"></span>tengan <span class=\"__1 _c8\"> </span>capacidad <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"></span>influir <span class=\"__1 _c8\"></span>de </div><div class=\"t_1 m0_1 x59 h8_1 y627 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">manera <span class=\"__1 _5\"></span>directa sobre <span class=\"__1 _70\"></span>el \u00e9xito <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>planes e<span class=\"__1 _5\"></span>strat\u00e9gicos.<span class=\"__1 _6\"></span> El <span class=\"__1 _70\"></span>Plan tiene <span class=\"__1 _70\"></span>un<span class=\"__1 _6\"></span>a <span class=\"__1 _5\"></span>duraci\u00f3n de <span class=\"__1 _70\"></span>5 <span class=\"__1 _5\"></span>a\u00f1os<span class=\"__1 _6\"></span>, <span class=\"__1 _5\"></span>esto <span class=\"__1 _5\"></span>es, <span class=\"__1 _5\"></span>desde </div><div class=\"t_1 m0_1 x59 h8_1 y628 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">el 1/1/<span class=\"__1 _6\"></span>2023 h<span class=\"__1 _6\"></span>asta <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>31/12/2027 <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>e d<span class=\"__1 _6\"></span>ivide <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>3 <span class=\"__1 _6\"></span>ciclos <span class=\"__1 _6\"></span>an<span class=\"__1 _6\"></span>uales <span class=\"__1 _6\"></span>solapad<span class=\"__1 _6\"></span>os d<span class=\"__1 _6\"></span>e 3 <span class=\"__1 _6\"></span>a\u00f1o<span class=\"__1 _6\"></span>s <span class=\"__1 _6\"></span>de du<span class=\"__1 _6\"></span>raci\u00f3n <span class=\"__1 _6\"></span>cada <span class=\"__1 _6\"></span>uno </div><div class=\"t_1 m0_1 x59 h8_1 y37c ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de <span class=\"__1 _6\"></span>ellos, <span class=\"__1 _8\"></span>independientes <span class=\"__1 _8\"></span>entre <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>\u00ed, <span class=\"__1 _8\"></span>que <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>iquidar\u00e1n <span class=\"__1 _8\"></span>dentro <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>los <span class=\"__1 _6\"></span>90 <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>\u00edas <span class=\"__1 _6\"></span>siguient<span class=\"__1 _6\"></span>es <span class=\"__1 _8\"></span>al <span class=\"__1 _6\"></span>\u00faltimo <span class=\"__1 _8\"></span>a\u00f1o <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>cada </div><div class=\"t_1 m0_1 x59 h8_1 y87e ff4 fs4 fc0_1 sc0_1 ls10 ws0_1\">ciclo<span class=\"ls17\">. <span class=\"ls0_1\"> </span></span></div><div class=\"t_1 m0_1 x1f h8_1 y62a ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"__1 _6\"></span>incentivo<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>cada <span class=\"__1 _6\"></span>ciclo <span class=\"__1 _8\"></span>estar\u00e1 <span class=\"__1 _6\"></span>cond<span class=\"__1 _6\"></span>icionad<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>cu<span class=\"__1 _6\"></span>mplimiento <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>eterminados <span class=\"__1 _8\"></span>objetivos <span class=\"__1 _6\"></span>finan<span class=\"__1 _6\"></span>cieros, <span class=\"__1 _6\"></span>no </div><div class=\"t_1 m0_1 x1f h8_1 y62b ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">financieros  y  de  creaci\u00f3n  de <span class=\"__1 _c6\"> </span>v<span class=\"__1 _6\"></span>alor  para  el  accionista,  aprobados  por  el  Consejo  de <span class=\"__1 _c6\"> </span>Administra<span class=\"__1 _6\"></span>ci\u00f3n  a </div><div class=\"t_1 m0_1 x1f h8_1 y62c ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">propuesta d<span class=\"__1 _6\"></span>e la Comisi\u00f3n de Nombramientos<span class=\"__1 _6\"></span> y Retribuciones. <span class=\"__1 _8\"></span> </div><div class=\"t_1 m0_1 x1f h8_1 y87f ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Son <span class=\"__1 _8\"></span>requisitos <span class=\"__1 _8\"></span>para <span class=\"__1 _6\"></span>su <span class=\"__1 _8\"></span>devengo<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>alcanzar <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>grado <span class=\"__1 _6\"></span>m\u00ednim<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>con<span class=\"__1 _6\"></span>secuci\u00f3n <span class=\"__1 _8\"></span>conforme <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>criterios <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>los </div><div class=\"t_1 m0_1 x1f h8_1 y41b ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">que <span class=\"__1 _8\"></span>vienen <span class=\"__1 _8\"></span>referenciad<span class=\"__1 _6\"></span>os <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>dis<span class=\"__1 _6\"></span>tintos <span class=\"__1 _8\"></span>objetiv<span class=\"__1 _6\"></span>os, <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>beneficiario <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>hall<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>situaci<span class=\"__1 _6\"></span>\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>prestaci\u00f3n<span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x1f h8_1 y880 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">efectiva <span class=\"__1 _cb\"> </span>de <span class=\"__1 _cb\"> </span>servicios <span class=\"__1 _cb\"> </span>para <span class=\"__1 _cb\"> </span>ENCE <span class=\"__1 _cb\"> </span>en  la <span class=\"__1 _cb\"> </span>correspo<span class=\"__1 _6\"></span>ndiente <span class=\"__1 _cb\"> </span>fecha  d<span class=\"__1 _6\"></span>e <span class=\"__1 _cb\"> </span>con<span class=\"__1 _6\"></span>solidaci\u00f3n <span class=\"__1 _cb\"> </span>del <span class=\"__1 _cb\"> </span>derecho, <span class=\"__1 _cb\"> </span>con <span class=\"__1 _cb\"> </span>las </div><div class=\"t_1 m0_1 x1f h8_1 y881 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">salvedades h<span class=\"__1 _6\"></span>abituales para este tipo de in<span class=\"__1 _6\"></span>centivos.<span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x59 h8_1 y630 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"__1 _6\"></span>ciclo <span class=\"__1 _6\"></span>I <span class=\"__1 _6\"></span>del Plan <span class=\"__1 _6\"></span>representa <span class=\"__1 _6\"></span>un <span class=\"__1 _6\"></span>60% <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>incentivo <span class=\"__1 _6\"></span>tota<span class=\"__1 _6\"></span>l y <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>ciclos <span class=\"__1 _6\"></span>II <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>III <span class=\"__1 _6\"></span>representan <span class=\"__1 _6\"></span>un <span class=\"__1 _6\"></span>20% cada <span class=\"__1 _8\"></span>uno <span class=\"__1 _6\"></span>del </div><div class=\"t_1 m0_1 x59 h8_1 y631 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">incentivo total.<span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x1f h8_1 y632 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"__1 _6\"></span>incentivo <span class=\"__1 _6\"></span>considerado <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>este <span class=\"__1 _6\"></span>Plan <span class=\"__1 _6\"></span>consiste <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>un <span class=\"__1 _6\"></span>% <span class=\"__1 _6\"></span>de la <span class=\"__1 _6\"></span>retribuci\u00f3n<span class=\"__1 _6\"></span> fija <span class=\"__1 _6\"></span>media <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>periodo <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>abarca </div><div class=\"t_1 m0_1 x1f h8_1 y633 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">cada <span class=\"__1 _6\"></span>ciclo <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>funci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>ca<span class=\"__1 _6\"></span>tegor\u00eda <span class=\"__1 _6\"></span>prof<span class=\"__1 _6\"></span>esional <span class=\"__1 _6\"></span>del <span class=\"__1 _8\"></span>beneficiario, <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>se <span class=\"__1 _6\"></span>liqu<span class=\"__1 _6\"></span>ida <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>un <span class=\"__1 _6\"></span>70% <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>accion<span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>un </div><div class=\"t_1 m0_1 x1f h8_1 y634 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">30% <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>efectivo, <span class=\"__1 _8\"></span>excepto <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>miembros <span class=\"__1 _8\"></span>del<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>Comit\u00e9 <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>Direcci\u00f3n <span class=\"__1 _8\"></span>cuy<span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>liquidaci\u00f3n <span class=\"__1 _8\"></span>es <span class=\"__1 _8\"></span>100% <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>acciones<span class=\"__1 _6\"></span>. <span class=\"__1 _8\"></span>El </div><div class=\"t_1 m0_1 x1f h8_1 y635 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Presidente y <span class=\"__1 _70\"></span>Con<span class=\"__1 _6\"></span>sejero Delegado <span class=\"ls16\">y <span class=\"__1 _5\"></span><span class=\"ls0_1\">el <span class=\"__1 _5\"></span>resto de <span class=\"__1 _70\"></span>los miembros del <span class=\"__1 _70\"></span>Comit\u00e9 de <span class=\"__1 _5\"></span>Direcci\u00f3n asumen <span class=\"__1 _5\"></span>determinados </span></span></div><div class=\"t_1 m0_1 x1f h8_1 y636 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">compromisos de mantenim<span class=\"__1 _6\"></span>iento de las<span class=\"__1 _6\"></span> acciones recibidas<span class=\"__1 _6\"></span>.  </div><div class=\"t_1 m0_1 x1f h8_1 y882 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"__1 _6\"></span>n\u00famero <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>acciones <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>entregar <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>determinar\u00e1 <span class=\"__1 _6\"></span>cons<span class=\"__1 _6\"></span>iderando <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>precio <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>referencia <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>acci\u00f3n <span class=\"__1 _6\"></span>de </div><div class=\"t_1 m0_1 x1f h8_1 y883 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ENCE <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>cotizaci\u00f3n <span class=\"__1 _6\"></span>media <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>20 <span class=\"__1 _6\"></span>d\u00edas <span class=\"__1 _6\"></span>anteriores <span class=\"__1 _6\"></span>y p<span class=\"__1 _6\"></span>osteriores <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>31 <span class=\"__1 _6\"></span>de diciembre <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>cad<span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>inicio <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>ciclo. </div><div class=\"t_1 m0_1 x1f h8_1 y884 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El precio de referencia a cons<span class=\"__1 _6\"></span>iderar en el ciclo I <span class=\"__1 _6\"></span>es de 3,2<span class=\"__1 _6\"></span>4 <span class=\"ff6\">\u20ac/acci\u00f3n<span class=\"__1 _6\"></span>.</span> </div><div class=\"t_1 m0_1 x1f h8_1 y885 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El colectivo del plan<span class=\"__1 _6\"></span> al 31 de diciembre de 2023 lo forman<span class=\"__1 _6\"></span> 83 personas integradas<span class=\"__1 _6\"></span> en ENCE <span class=\"__1 _6\"></span>Celulosa y en el </div><div class=\"t_1 m0_1 x1f h8_1 y63b ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Corporativo, <span class=\"__1 _5\"></span>y <span class=\"__1 _70\"></span>el <span class=\"__1 _70\"></span>coste <span class=\"__1 _70\"></span>m\u00e1xi<span class=\"__1 _6\"></span>mo <span class=\"__1 _70\"></span>previsto <span class=\"__1 _5\"></span>del <span class=\"__1 _70\"></span>Ciclo <span class=\"__1 _70\"></span>I <span class=\"__1 _70\"></span>con<span class=\"__1 _6\"></span>siderando <span class=\"__1 _70\"></span>un<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>grado <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>consecuci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>del <span class=\"__1 _70\"></span>100% <span class=\"__1 _70\"></span>as<span class=\"__1 _6\"></span>ciende </div><div class=\"t_1 m0_1 x1f h8_1 y63c ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">a 11.033 miles \u20ac.<span class=\"__1 _1bc\"> </span><span class=\"ff4\"> </span><span class=\"ff4\"><span class=\"__1 _6\"></span> </span></div></div><div class=\"c_1 w2_1 h58 gsaf\"><div class=\"t_1 m0_1 x1f h8_1 y1ef ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"__1 _8\"></span>gasto<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>/ <span class=\"__1 _4\"></span>(ingreso) <span class=\"__1 _8\"></span>devengado<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>por <span class=\"__1 _4\"></span>este <span class=\"__1 _8\"></span>concepto <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>ejercicio <span class=\"__1 _8\"></span>2023, <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>cual <span class=\"__1 _4\"></span>se <span class=\"__1 _8\"></span>detalla <span class=\"__1 _4\"></span>atendiendo <span class=\"__1 _8\"></span>a <span class=\"__1 _4\"></span>su<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1f h8_1 y1f0 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">contrapartida<span class=\"__1 _6\"></span>, es el siguiente:<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 xc9 h8_1 y32e ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x59 h72 y621 ff9 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Plan de ince<span class=\"__1 _6\"></span>ntivo a largo plazo para e<span class=\"__1 _6\"></span>l periodo 2019<span class=\"__1 _6\"></span>-<span class=\"ls12\">2023 <span class=\"ls43\">/ </span></span>ENCE Celulosa y <span class=\"__1 _6\"></span>Corporativo<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x1f h8_1 y887 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El 28 <span class=\"__1 _6\"></span>de marzo <span class=\"__1 _6\"></span>de 2019 <span class=\"__1 _6\"></span>la Ju<span class=\"__1 _6\"></span>nta General de <span class=\"__1 _8\"></span><span class=\"ff6\">Accionistas <span class=\"__1 _6\"></span>de ENCE<span class=\"__1 _6\"></span> aprob<span class=\"__1 _6\"></span>\u00f3 el \u201c<span class=\"__1 _6\"></span>Plan de In<span class=\"__1 _6\"></span>centivo a <span class=\"__1 _6\"></span>largo <span class=\"__1 _6\"></span>plazo<span class=\"__1 _1bc\"> </span></span><span class=\"ff6\"> </span></div><div class=\"t_1 m0_1 x1f h8_1 y888 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">para <span class=\"__1 _8\"></span>el <span class=\"__1 _4\"></span>periodo <span class=\"__1 _8\"></span>2019-<span class=\"ff6\">2023\u201d</span>, <span class=\"__1 _8\"></span>como <span class=\"__1 _4\"></span>plan <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>re<span class=\"__1 _5\"></span>tribuci\u00f3n <span class=\"__1 _8\"></span>dineraria <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>entrega <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>acciones <span class=\"__1 _6\"></span>de <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>Sociedad <span class=\"__1 _8\"></span>de<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1f h8_1 y889 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">car\u00e1cter plurianual<span class=\"__1 _6\"></span>, con el <span class=\"__1 _6\"></span>objetivo de inc<span class=\"__1 _6\"></span>entivar el r<span class=\"__1 _6\"></span>endimiento profesion<span class=\"__1 _6\"></span>al del equipo d<span class=\"__1 _8\"></span>irectivo y re<span class=\"__1 _6\"></span>forzar<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1f h8_1 y88a ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">su <span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>rientaci\u00f3n <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>consecuci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>los <span class=\"__1 _8\"></span>objetivos <span class=\"__1 _8\"></span>definidos <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>n <span class=\"__1 _8\"></span>el <span class=\"__1 _4\"></span>Plan <span class=\"__1 _8\"></span>estrat\u00e9gico <span class=\"__1 _8\"></span>2019<span class=\"__1 _8\"></span>-2023, <span class=\"__1 _4\"></span>promover <span class=\"__1 _8\"></span>la<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1f h8_1 y88b ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">sostenibilidad<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _4\"></span>Grup<span class=\"__1 _6\"></span>o <span class=\"__1 _c8\"></span>para <span class=\"__1 _c8\"></span>la <span class=\"__1 _4\"></span>creaci\u00f3n <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>v<span class=\"__1 _6\"></span>alor <span class=\"__1 _c8\"></span>a <span class=\"__1 _c8\"></span>largo <span class=\"__1 _c8\"></span>plazo, <span class=\"__1 _c8\"></span>y <span class=\"__1 _c8\"></span>comprometer <span class=\"__1 _c8\"></span>a <span class=\"__1 _c8\"></span>la <span class=\"__1 _c8\"></span>direcci\u00f3n <span class=\"__1 _4\"></span>con<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>los<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1f h8_1 y88c ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">intereses de los accion<span class=\"__1 _6\"></span>istas<span class=\"__1 _6\"></span> y la mejora del clima organizaci<span class=\"__1 _6\"></span>onal.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x1f h8_1 y88d ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Se <span class=\"__1 _8\"></span>tra<span class=\"__1 _6\"></span>ta <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>un <span class=\"__1 _4\"></span>Plan <span class=\"__1 _8\"></span>a <span class=\"__1 _4\"></span>cinco <span class=\"__1 _8\"></span>a\u00f1os, <span class=\"__1 _4\"></span>alineado <span class=\"__1 _4\"></span>al <span class=\"__1 _8\"></span>plazo <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>duraci\u00f3n <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>Plan <span class=\"__1 _4\"></span>Estrat\u00e9gico, <span class=\"__1 _4\"></span>com<span class=\"__1 _5\"></span>puesto <span class=\"__1 _4\"></span>por <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1f h8_1 y88e ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ciclos. <span class=\"__1 _6\"></span>El <span class=\"__1 _8\"></span>Ciclo <span class=\"__1 _6\"></span>I <span class=\"__1 _6\"></span>tiene <span class=\"__1 _8\"></span>una <span class=\"__1 _6\"></span>duraci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>tres <span class=\"__1 _6\"></span>a\u00f1os, <span class=\"__1 _6\"></span>desde <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>1 <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>enero <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>2019 <span class=\"__1 _6\"></span>hasta <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>31 <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>diciembre <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1f h8_1 y486 ff4 fs4 fc0_1 sc0_1 ls12 ws0_1\">2021 <span class=\"ls0_1\">y el Ciclo II d<span class=\"__1 _6\"></span>e cinco a\u00f1os, d<span class=\"__1 _6\"></span>esde el 1 de enero de 2019 h<span class=\"__1 _6\"></span>asta el 31 de diciembr<span class=\"__1 _6\"></span>e de 2023.<span class=\"__1 _1bc\"> </span></span><span class=\"ls0_1\"><span class=\"__1 _6\"></span> </span></div><div class=\"t_1 m0_1 x1f h8_1 y88f ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"__1 _6\"></span>incentivo <span class=\"__1 _6\"></span>considerado <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>este <span class=\"__1 _6\"></span>Plan <span class=\"__1 _6\"></span>consiste <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>un <span class=\"__1 _6\"></span>% <span class=\"__1 _6\"></span>de la <span class=\"__1 _6\"></span>retribuci\u00f3n<span class=\"__1 _6\"></span> fija <span class=\"__1 _6\"></span>media <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>periodo <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>abarca<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1f h8_1 y890 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">cada <span class=\"__1 _8\"></span>ciclo, <span class=\"__1 _6\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _6\"></span>os<span class=\"__1 _6\"></span>cila <span class=\"__1 _6\"></span>entre <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>85% <span class=\"__1 _6\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>500%, <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>funci\u00f3n <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>categor\u00eda <span class=\"__1 _8\"></span>prof<span class=\"__1 _6\"></span>esional <span class=\"__1 _8\"></span>del <span class=\"__1 _6\"></span>beneficiar<span class=\"__1 _6\"></span>io, <span class=\"__1 _8\"></span>y <span class=\"__1 _6\"></span>su<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1f h8_1 y891 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">consecuci\u00f3n est\u00e1 v<span class=\"__1 _6\"></span>inculada a cuatro<span class=\"__1 _6\"></span> objetivos<span class=\"__1 _6\"></span> relacionados con los resu<span class=\"__1 _6\"></span>ltados econ\u00f3micos alcanza<span class=\"__1 _6\"></span>dos, con<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1f h8_1 y892 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">la sostenibilidad<span class=\"__1 _6\"></span>, el clima organizacional y<span class=\"__1 _6\"></span> la cotizaci\u00f3n d<span class=\"__1 _6\"></span>e la acci\u00f3n de ENCE.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x1f h8_1 y316 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El importe <span class=\"__1 _6\"></span>del incen<span class=\"__1 _6\"></span>tivo s<span class=\"__1 _6\"></span>e liquida <span class=\"__1 _6\"></span>en u<span class=\"__1 _6\"></span>n 30% <span class=\"__1 _6\"></span>en met\u00e1lico y<span class=\"__1 _6\"></span> en <span class=\"__1 _6\"></span>un 70% <span class=\"__1 _6\"></span>mediante la <span class=\"__1 _6\"></span>entrega <span class=\"__1 _6\"></span>de acciones<span class=\"__1 _6\"></span> de<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1f h8_1 y893 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ENCE. <span class=\"__1 _4\"></span>E<span class=\"__1 _6\"></span>l <span class=\"__1 _4\"></span>n\u00famero <span class=\"__1 _4\"></span>de <span class=\"__1 _c8\"></span>acciones <span class=\"__1 _c8\"></span>a <span class=\"__1 _4\"></span>entregar <span class=\"__1 _c8\"></span>se <span class=\"__1 _4\"></span>determinar\u00e1 <span class=\"__1 _c8\"></span>considerand<span class=\"__1 _6\"></span>o <span class=\"__1 _4\"></span>como <span class=\"__1 _c8\"></span>precio <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>referencia <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>la<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1f h8_1 y894 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">acci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>ENCE <span class=\"__1 _6\"></span>5,8031 <span class=\"__1 _6\"></span>\u20ac/acci\u00f3n <span class=\"__1 _6\"></span>(cotiz<span class=\"__1 _6\"></span>aci\u00f3n <span class=\"__1 _6\"></span>media <span class=\"__1 _6\"></span>teniendo <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>cuenta <span class=\"__1 _6\"></span>los<span class=\"__1 _8\"></span><span class=\"ff4\"> 20 <span class=\"__1 _6\"></span>d\u00edas <span class=\"__1 _6\"></span>anteriores <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>posteriores<span class=\"__1 _1bc\"> </span></span><span class=\"ff4\"> </span></div><div class=\"t_1 m0_1 x1f h8_1 y208 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">al <span class=\"__1 _6\"></span>31 <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>diciembre<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>018). <span class=\"__1 _4\"></span>El <span class=\"__1 _6\"></span>Presidente <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>Consejero <span class=\"__1 _8\"></span>Delegado <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>resto <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>miembros <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>Comit\u00e9 <span class=\"__1 _8\"></span>de<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1f h8_1 y895 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Direcci\u00f3n asumen d<span class=\"__1 _6\"></span>eterminados compro<span class=\"__1 _6\"></span>misos de mantenimiento d<span class=\"__1 _6\"></span>e las acciones recibid<span class=\"__1 _6\"></span>as<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1f h8_1 y896 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"__1 _c8\"> </span>colectivo <span class=\"__1 _c6\"> </span>del <span class=\"__1 _c6\"> </span>plan <span class=\"__1 _c8\"> </span>al <span class=\"__1 _c6\"> </span>31 <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>diciembre <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>2023 <span class=\"__1 _c8\"> </span>lo <span class=\"__1 _c6\"> </span>forman<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>65 <span class=\"__1 _c6\"> </span>personas <span class=\"__1 _c6\"> </span>integradas <span class=\"__1 _c8\"> </span>en  ENCE <span class=\"__1 _c8\"> </span>Celulosa.<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1f h8_1 y897 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Considerando el grad<span class=\"__1 _6\"></span>o de consecuci\u00f3n de los<span class=\"__1 _6\"></span> objetivos previstos en el Ciclo II de este Plan de Retribu<span class=\"__1 _6\"></span>ci\u00f3n y<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1f h8_1 y898 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">asumiendo que e<span class=\"__1 _5\"></span>l colectivo vigente <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>e mantendr\u00e1 hasta la fecha <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _5\"></span>liquidaci\u00f3<span class=\"__1 _6\"></span>n, el <span class=\"__1 _70\"></span>coste<span class=\"__1 _6\"></span> previsto del <span class=\"__1 _70\"></span>mis<span class=\"__1 _6\"></span>mo<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1f h8_1 y798 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">se estima en 0,8 <span class=\"ff6\">millon<span class=\"__1 _6\"></span>es \u20ac (aproximadamente un<span class=\"__1 _6\"></span> 55% corres<span class=\"__1 _6\"></span>ponder\u00eda a la Alta Direcci\u00f3n<span class=\"__1 _6\"></span>).<span class=\"__1 _6\"></span></span>  </div><div class=\"t_1 m0_1 x1f h8_1 y899 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"__1 _6\"></span>gasto <span class=\"__1 _6\"></span>/ <span class=\"__1 _6\"></span>(ingreso) <span class=\"__1 _6\"></span>devengado <span class=\"__1 _6\"></span>por <span class=\"__1 _6\"></span>este con<span class=\"__1 _6\"></span>cepto <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>los ejercicios <span class=\"__1 _6\"></span>202<span class=\"__1 _6\"></span>3 <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>2022, <span class=\"__1 _6\"></span>detallado <span class=\"__1 _8\"></span>considerando <span class=\"__1 _6\"></span>su<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1f h8_1 y89a ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">contrapartida <span class=\"__1 _6\"></span>es el siguiente:<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 xca h8_1 y89b ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x1f h8_1 y89c ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">De <span class=\"__1 _6\"></span>acuerdo <span class=\"__1 _8\"></span>con <span class=\"__1 _6\"></span>lo <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>revisto <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>Plan, <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>julio <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>2022 <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>e p<span class=\"__1 _6\"></span>rocedi\u00f3 <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>liquidaci\u00f3n <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>el Ciclo <span class=\"__1 _8\"></span>I <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>\u201cPlan <span class=\"__1 _8\"></span>de<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1f h8_1 y549 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Incentivos  a <span class=\"__1 _c8\"> </span>largo <span class=\"__1 _c6\"> </span>p<span class=\"__1 _6\"></span>lazo <span class=\"__1 _c6\"> </span>ENCE <span class=\"__1 _ca\"> </span>Energ\u00eda <span class=\"__1 _c6\"> </span>y <span class=\"__1 _ca\"> </span>Celulosa, <span class=\"__1 _c6\"> </span>S.A.  pa<span class=\"__1 _5\"></span>ra <span class=\"__1 _c6\"> </span>el <span class=\"__1 _ca\"> </span>periodo <span class=\"__1 _c6\"> </span>2019<span class=\"__1 _6\"></span>-20<span class=\"__1 _6\"></span>23, <span class=\"__1 _c6\"> </span>lo <span class=\"__1 _ca\"> </span>que <span class=\"__1 _c6\"> </span>su<span class=\"__1 _6\"></span>puesto <span class=\"__1 _ca\"> </span>la<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1f h8_1 y89d ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">liquidaci\u00f3n de 279 mil<span class=\"__1 _6\"></span>es \u20ac y 111.983 accion<span class=\"__1 _6\"></span>es de ENCE.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span><span class=\"ff4\"> </span></div></div><div class=\"c_1 waa h124 gsb0\"><div class=\"t_1 m1c x9 h125 y89f ff6 fs2c fc0_1 sc0_1 ls0_1 ws0_1\">M<span class=\"__1 _70\"></span>i<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>s \u20ac<span class=\"__1 _1bc\"> </span></div><div class=\"t_1 m1c xd h126 y8a0 ff3_1 fs2c fc0_1 sc0_1 ls44 ws0_1\">2023<span class=\"__1 _1bc\"> </span></div><div class=\"t_1 m1c x9 h125 y8a1 ff4 fs2c fc0_1 sc0_1 ls0_1 ws0_1\">Otros <span class=\"__1 _70\"></span>i<span class=\"__1 _8\"></span>nstrumentos<span class=\"__1 _6\"></span> de patr<span class=\"__1 _70\"></span>i<span class=\"__1 _6\"></span>mon<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>o neto (N<span class=\"__1 _6\"></span>ota 2<span class=\"__1 _70\"></span>0<span class=\"__1 _70\"></span>.<span class=\"__1 _6\"></span>7<span class=\"__1 _70\"></span>)<span class=\"__1 _ec\"> </span>1<span class=\"__1 _70\"></span>.<span class=\"__1 _6\"></span>2<span class=\"__1 _5\"></span>0<span class=\"__1 _70\"></span>5<span class=\"__1 _1bc\"> </span></div><div class=\"t_1 m1c x9 h125 y8a2 ff4 fs2c fc0_1 sc0_1 ls0_1 ws0_1\">Provi<span class=\"__1 _6\"></span>si<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>ne<span class=\"__1 _6\"></span>s a <span class=\"__1 _70\"></span>l<span class=\"__1 _6\"></span>argo <span class=\"__1 _70\"></span>y<span class=\"__1 _6\"></span> c<span class=\"__1 _70\"></span>orto plazo (No<span class=\"__1 _6\"></span>ta <span class=\"__1 _70\"></span>31<span class=\"__1 _70\"></span>)<span class=\"__1 _140\"> </span><span class=\"ls44\">230<span class=\"__1 _1bc\"> </span></span></div><div class=\"t_1 m1c xb2 h126 y8a3 ff3_1 fs2c fc0_1 sc0_1 ls0_1 ws0_1\">1<span class=\"__1 _70\"></span>.43<span class=\"__1 _70\"></span>5<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 wab h127 gsb1\"><div class=\"t_1 m1d x9 h128 y8a5 ff6 fs2d fc0_1 sc0_1 ls0_1 ws0_1\">M<span class=\"__1 _70\"></span>i<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>s \u20ac<span class=\"__1 _1bc\"> </span></div><div class=\"t_1 m1d x7d h129 y8a6 ff3_1 fs2d fc0_1 sc0_1 ls45 ws0_1\">2023<span class=\"__1 _29\"> </span>2022<span class=\"__1 _1bc\"> </span></div><div class=\"t_1 m1d x9 h128 y8a7 ff4 fs2d fc0_1 sc0_1 ls0_1 ws0_1\">Otros <span class=\"__1 _70\"></span>i<span class=\"__1 _6\"></span>ns<span class=\"__1 _6\"></span>trumentos de pa<span class=\"__1 _5\"></span>trimoni<span class=\"__1 _6\"></span>o neto (N<span class=\"__1 _6\"></span>ota <span class=\"__1 _70\"></span>20<span class=\"__1 _70\"></span>.7<span class=\"__1 _70\"></span>)<span class=\"__1 _85\"> </span>(2<span class=\"__1 _5\"></span>4<span class=\"__1 _70\"></span>4<span class=\"__1 _5\"></span>)<span class=\"__1 _6d\"> </span><span class=\"ls45\">38<span class=\"__1 _1bc\"> </span></span></div><div class=\"t_1 m1d x9 h128 y8a8 ff4 fs2d fc0_1 sc0_1 ls0_1 ws0_1\">Provi<span class=\"__1 _6\"></span>si<span class=\"__1 _6\"></span>one<span class=\"__1 _6\"></span>s a <span class=\"__1 _70\"></span>l<span class=\"__1 _6\"></span>argo <span class=\"__1 _70\"></span>y c<span class=\"__1 _5\"></span>orto <span class=\"__1 _70\"></span>pl<span class=\"__1 _6\"></span>azo (Nota <span class=\"__1 _5\"></span>3<span class=\"__1 _70\"></span>1)<span class=\"__1 _130\"> </span>(10<span class=\"__1 _70\"></span>5<span class=\"__1 _70\"></span>)<span class=\"__1 _6d\"> </span><span class=\"ls45\">19<span class=\"__1 _1bc\"> </span></span></div><div class=\"t_1 m1d xcc h129 y8a9 ff3_1 fs2d fc0_1 sc0_1 ls0_1 ws0_1\">(3<span class=\"__1 _5\"></span>4<span class=\"__1 _70\"></span>9)<span class=\"__1 _a0\"> </span><span class=\"ls45\">57<span class=\"__1 _1bc\"> </span></span></div></div>Plan de ince<span class=\"__1 _6\"></span>ntivo a largo plazo para e<span class=\"__1 _6\"></span>l periodo 2021<span class=\"__1 _6\"></span>-<span class=\"ls12\">2025 </span>/ Magn<span class=\"__1 _6\"></span>on Green Energy<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> El <span class=\"__1 _4\"></span>colectivo <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>lan <span class=\"__1 _4\"></span>al <span class=\"__1 _4\"></span>31 <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>diciembre <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>2023 <span class=\"__1 _4\"></span>lo <span class=\"__1 _4\"></span>f<span class=\"__1 _5\"></span>orman <span class=\"__1 _c8\"> </span><span class=\"ls12\">26</span> <span class=\"__1 _4\"></span>personas, <span class=\"__1 _4\"></span>todas <span class=\"__1 _4\"></span>ellas <span class=\"__1 _4\"></span>integradas <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>ENCE<span class=\"__1 _1bc\"> </span> Renovables, <span class=\"__1 _6\"></span>y el <span class=\"__1 _6\"></span>coste m\u00e1xi<span class=\"__1 _6\"></span>mo <span class=\"__1 _6\"></span>previsto <span class=\"__1 _6\"></span>considerando <span class=\"__1 _6\"></span>un <span class=\"__1 _6\"></span>grado de <span class=\"__1 _6\"></span>consecuci\u00f3n <span class=\"__1 _6\"></span>del 100% <span class=\"__1 _6\"></span>as<span class=\"__1 _6\"></span>ciende a <span class=\"__1 _4\"></span>3.021<span class=\"__1 _1bc\"> </span> miles \u20ac.<span class=\"ff4\"> </span><span class=\"ff4\"> </span>El <span class=\"__1 _6\"></span>gasto <span class=\"__1 _6\"></span>devengado <span class=\"__1 _6\"></span>por <span class=\"__1 _8\"></span>este concepto <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>ejercicio <span class=\"__1 _8\"></span><span class=\"ff6\">2023 <span class=\"__1 _6\"></span>ha <span class=\"__1 _6\"></span>sido <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>37 <span class=\"__1 _6\"></span>miles \u20ac <span class=\"__1 _6\"></span>(31 <span class=\"__1 _6\"></span>mile<span class=\"__1 _6\"></span>s <span class=\"__1 _6\"></span>\u20ac <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el ejer<span class=\"__1 _6\"></span></span>cicio<span class=\"__1 _1bc\"> </span> 2022) <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>pasivo <span class=\"__1 _8\"></span>acumulado <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>dicha <span class=\"__1 _8\"></span>fecha <span class=\"__1 _8\"></span>asciende <span class=\"__1 _8\"></span>a <span class=\"__1 _4\"></span><span class=\"ls12\">11</span>4 <span class=\"__1 _8\"></span><span class=\"ff6\">miles <span class=\"__1 _8\"></span>\u20ac <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>s</span>e <span class=\"__1 _8\"></span>encuentra <span class=\"__1 _8\"></span>recogido <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>ep\u00edgrafe<span class=\"__1 _1bc\"> </span> \u201cProvisiones a<span class=\"__1 _6\"></span> largo plazo\u201d del estad<span class=\"__1 _6\"></span>o de situaci\u00f3n fin<span class=\"__1 _6\"></span>anciera consolidad<span class=\"__1 _6\"></span>o (v\u00e9ase nota 31).<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span><span class=\"ff4\"> </span>Compromiso a largo p<span class=\"__1 _6\"></span>lazo extraordinario <span class=\"__1 _6\"></span>/ Magnon Green<span class=\"__1 _6\"></span> Energy<span class=\"__1 _1bc\"> </span> El <span class=\"__1 _8\"></span>24 <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>marzo <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>2022 <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>Consejo <span class=\"__1 _4\"></span>Administraci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>Magnon <span class=\"__1 _8\"></span>Green <span class=\"__1 _4\"></span>Energy, <span class=\"__1 _8\"></span>S.L., <span class=\"__1 _4\"></span>aprob\u00f3 <span class=\"__1 _4\"></span><span class=\"ls14\">un <span class=\"__1 _8\"></span></span>incentivo <span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span> largo plazo dirigido a determinados empleados clave de la S<span class=\"__1 _5\"></span>ociedad. El incentivo permite a los benefici<span class=\"__1 _5\"></span>arios<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> percibir <span class=\"__1 _6\"></span>una <span class=\"__1 _6\"></span>retribuci\u00f3n <span class=\"__1 _6\"></span>extraordinaria <span class=\"__1 _8\"></span>pagadera <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>met\u00e1lico <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>vinculada <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>rentabilidad <span class=\"__1 _6\"></span>obtenida <span class=\"__1 _6\"></span>por <span class=\"__1 _6\"></span>los<span class=\"__1 _1bc\"> </span> accionistas entre el 18 <span class=\"__1 _5\"></span>de diciembre <span class=\"__1 _5\"></span>de 2020 y e<span class=\"__1 _5\"></span>l 18 de <span class=\"__1 _5\"></span>diciembre <span class=\"__1 _5\"></span>de 2028. Este incentivo se liquid<span class=\"__1 _5\"></span>ar\u00e1 en los<span class=\"__1 _1bc\"> </span> 90 d\u00edas siguientes<span class=\"__1 _6\"></span> a la fecha de aprob<span class=\"__1 _6\"></span>aci\u00f3n de<span class=\"__1 _6\"></span> las cuentas<span class=\"__1 _6\"></span> anuales del ejercicio 2028.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> Son <span class=\"__1 _4\"></span>requisitos <span class=\"__1 _4\"></span>im<span class=\"__1 _5\"></span>prescindibles <span class=\"__1 _4\"></span>para <span class=\"__1 _4\"></span>su <span class=\"__1 _8\"></span>devengo <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>consecuci\u00f3n <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>u<span class=\"__1 _6\"></span>na <span class=\"__1 _4\"></span>tasa <span class=\"__1 _8\"></span>in<span class=\"__1 _6\"></span>terna <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>rentabilidad <span class=\"__1 _4\"></span>(TIR)<span class=\"__1 _1bc\"> </span> m\u00ednima <span class=\"__1 _4\"></span>para <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>accionista <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>10%, <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>bene<span class=\"__1 _6\"></span>ficiario <span class=\"__1 _4\"></span>man<span class=\"__1 _6\"></span>tenga <span class=\"__1 _4\"></span>una <span class=\"__1 _4\"></span>relaci\u00f3n <span class=\"__1 _4\"></span>laboral <span class=\"__1 _4\"></span>o <span class=\"__1 _4\"></span>mercantil <span class=\"__1 _4\"></span>con<span class=\"__1 _1bc\"> </span> Magnon has<span class=\"__1 _6\"></span>ta la fecha de pago<span class=\"__1 _6\"></span>, con las salvedad<span class=\"__1 _6\"></span>es habituales para este tipo<span class=\"__1 _6\"></span> de incentivos<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span> El <span class=\"__1 _ca\"> </span>colectivo <span class=\"__1 _ca\"> </span>del  plan <span class=\"__1 _c6\"> </span>al  31 <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _ca\"> </span>diciembre  de <span class=\"__1 _c6\"> </span>2023<span class=\"__1 _6\"></span> <span class=\"__1 _ca\"> </span>lo <span class=\"__1 _ca\"> </span>forman  5  personas, <span class=\"__1 _ca\"> </span>y <span class=\"__1 _ca\"> </span>el  coste <span class=\"__1 _c6\"> </span>m\u00e1ximo<span class=\"__1 _6\"></span> <span class=\"__1 _ca\"> </span>previsto,<span class=\"__1 _1bc\"> </span> considerando u<span class=\"__1 _6\"></span>n grado de consecuci\u00f3n<span class=\"__1 _6\"></span> del 100%, asciende a <span class=\"__1 _8\"></span>4.938 <span class=\"ff6\">miles \u20ac.</span>  El <span class=\"__1 _c8\"></span>gasto <span class=\"__1 _c8\"></span>/ <span class=\"__1 _4\"></span>(ingres<span class=\"__1 _6\"></span>o) <span class=\"__1 _c8\"></span>devengad<span class=\"__1 _6\"></span>o <span class=\"__1 _c8\"></span>por <span class=\"__1 _c8\"></span>este <span class=\"__1 _4\"></span>concepto<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>en <span class=\"__1 _c8\"></span>el <span class=\"__1 _c8\"> </span>ejercicio <span class=\"__1 _c8\"></span>2023<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>ha <span class=\"__1 _c8\"> </span>sido<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>n<span class=\"__1 _6\"></span>ulo <span class=\"__1 _c8\"></span>as\u00ed <span class=\"__1 _c8\"> </span>como <span class=\"__1 _c8\"></span>el <span class=\"__1 _c8\"></span>pasivo<span class=\"__1 _1bc\"> </span> acumulado a d<span class=\"__1 _6\"></span>icha fecha.  ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-542": {
   "value": "11.1<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Datos de plantilla<span class=\"__1 _1bc\"> </span></span></span>La <span class=\"__1 _6\"></span>plantilla <span class=\"__1 _6\"></span>media <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>Grupo <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>ejercicios 2023 <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>2022, <span class=\"__1 _6\"></span>detallada <span class=\"__1 _6\"></span>po<span class=\"__1 _6\"></span>r <span class=\"__1 _6\"></span>categor\u00eda <span class=\"__1 _6\"></span>profesional <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>sexo, <span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>la<span class=\"__1 _1bc\"> </span>siguiente:<span class=\"__1 _1bc\"> </span>As\u00ed <span class=\"__1 _5\"></span>mismo <span class=\"__1 _5\"></span>la <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>istribuci\u00f3n de <span class=\"__1 _70\"></span>la <span class=\"__1 _70\"></span>plan<span class=\"__1 _6\"></span>tilla <span class=\"__1 _5\"></span>del <span class=\"__1 _70\"></span>Gru<span class=\"__1 _6\"></span>po <span class=\"__1 _70\"></span>al 31 <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>diciembre <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>2023 y <span class=\"__1 _70\"></span>2022, detallada <span class=\"__1 _70\"></span>por categor\u00eda<span class=\"__1 _1bc\"> </span>profesional y s<span class=\"__1 _6\"></span>exo, es la siguiente:<span class=\"__1 _1bc\"> </span>Ca<span class=\"__1 _6\"></span>te<span class=\"__1 _5\"></span>gor\u00eda<span class=\"__1 _8\"></span> Pr<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>fes<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ona<span class=\"__1 _8\"></span>l<span class=\"__1 _134\"> </span>Hombres<span class=\"__1 _c7\"> </span>Muj<span class=\"__1 _6\"></span>eres<span class=\"__1 _ff\"> </span>Tota<span class=\"__1 _6\"></span>l<span class=\"__1 _59\"> </span>Hombr<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _c7\"> </span>Muj<span class=\"__1 _8\"></span>ere<span class=\"__1 _5\"></span>s<span class=\"__1 _33\"> </span>T<span class=\"__1 _5\"></span>ota<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span>Di<span class=\"__1 _8\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vos<span class=\"__1 _112\"> </span><span class=\"ls42\">57<span class=\"__1 _18\"> </span>17<span class=\"__1 _18\"> </span>74<span class=\"__1 _35\"> </span>51<span class=\"__1 _18\"> </span>14<span class=\"__1 _18\"> </span>65<span class=\"__1 _1bc\"> </span></span>Ge<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>ent<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _135\"> </span><span class=\"ls42\">68<span class=\"__1 _f5\"> </span>27<span class=\"__1 _18\"> </span>95<span class=\"__1 _2c\"> </span>60<span class=\"__1 _f5\"> </span>23<span class=\"__1 _18\"> </span>83<span class=\"__1 _1bc\"> </span></span>Re<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>ons<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de e<span class=\"__1 _70\"></span>qu<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>po<span class=\"__1 _d7\"> </span><span class=\"ls42\">68<span class=\"__1 _fd\"> </span></span>5<span class=\"__1 _18\"> </span><span class=\"ls42\">73<span class=\"__1 _2c\"> </span>68<span class=\"__1 _fd\"> </span></span>5<span class=\"__1 _18\"> </span><span class=\"ls42\">73<span class=\"__1 _1bc\"> </span></span>T\u00e9<span class=\"__1 _70\"></span>c<span class=\"__1 _6\"></span>ni<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>os<span class=\"__1 _136\"> </span><span class=\"ls42\">216<span class=\"__1 _12\"> </span>147<span class=\"__1 _fb\"> </span>363<span class=\"__1 _d7\"> </span>195<span class=\"__1 _12\"> </span>122<span class=\"__1 _fb\"> </span>317<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>dmi<span class=\"__1 _6\"></span>ni<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>tra<span class=\"__1 _8\"></span>ti<span class=\"__1 _6\"></span>vo<span class=\"__1 _6\"></span>s<span class=\"__1 _11c\"> </span><span class=\"ls42\">15<span class=\"__1 _18\"> </span>37<span class=\"__1 _18\"> </span>52<span class=\"__1 _137\"> </span>16<span class=\"__1 _18\"> </span>38<span class=\"__1 _f5\"> </span>54<span class=\"__1 _1bc\"> </span></span>Op<span class=\"__1 _6\"></span>era<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>es<span class=\"__1 _138\"> </span><span class=\"ls42\">292<span class=\"__1 _18\"> </span>46<span class=\"__1 _12\"> </span>338<span class=\"__1 _d7\"> </span>288<span class=\"__1 _f5\"> </span>34<span class=\"__1 _fb\"> </span>322<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>poyo <span class=\"__1 _6\"></span>y me<span class=\"__1 _70\"></span>j<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span>a<span class=\"__1 _139\"> </span><span class=\"ls42\">47<span class=\"__1 _f5\"> </span>45<span class=\"__1 _18\"> </span>92<span class=\"__1 _137\"> </span>47<span class=\"__1 _18\"> </span>48<span class=\"__1 _18\"> </span>95<span class=\"__1 _1bc\"> </span></span>Ma<span class=\"__1 _6\"></span>nte<span class=\"__1 _5\"></span>ni<span class=\"__1 _8\"></span>mi<span class=\"__1 _6\"></span>ent<span class=\"__1 _5\"></span>o<span class=\"__1 _8e\"> </span><span class=\"ls42\">133<span class=\"__1 _fd\"> </span></span>2<span class=\"__1 _fb\"> </span><span class=\"ls42\">135<span class=\"__1 _d7\"> </span>131<span class=\"__1 _fd\"> </span></span>2<span class=\"__1 _fb\"> </span><span class=\"ls42\">133<span class=\"__1 _1bc\"> </span></span>896<span class=\"__1 _12\"> </span>326<span class=\"__1 _49\"> </span><span class=\"ls0_1\">1<span class=\"__1 _6\"></span>.22<span class=\"__1 _6\"></span>2<span class=\"__1 _d7\"> </span></span>856<span class=\"__1 _fb\"> </span>286<span class=\"__1 _49\"> </span><span class=\"ls0_1\">1<span class=\"__1 _6\"></span>.142<span class=\"__1 _1bc\"> </span></span>2022<span class=\"__1 _1bc\"> </span>N<span class=\"__1 _5\"></span>\u00fame<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span> Me<span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o de E<span class=\"__1 _5\"></span>mpl<span class=\"__1 _6\"></span>ea<span class=\"__1 _6\"></span>dos<span class=\"__1 _8\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span> Ej<span class=\"__1 _6\"></span>erc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>2023<span class=\"__1 _1bc\"> </span>Ca<span class=\"__1 _6\"></span>te<span class=\"__1 _5\"></span>gor\u00eda<span class=\"__1 _8\"></span> Pr<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>fes<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ona<span class=\"__1 _8\"></span>l<span class=\"__1 _134\"> </span>Hombres<span class=\"__1 _c7\"> </span>Muj<span class=\"__1 _6\"></span>eres<span class=\"__1 _ff\"> </span>Tota<span class=\"__1 _6\"></span>l<span class=\"__1 _59\"> </span>Hombr<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _c7\"> </span>Muj<span class=\"__1 _8\"></span>ere<span class=\"__1 _5\"></span>s<span class=\"__1 _33\"> </span>T<span class=\"__1 _5\"></span>ota<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span>Di<span class=\"__1 _8\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vos<span class=\"__1 _112\"> </span><span class=\"ls42\">57<span class=\"__1 _18\"> </span>19<span class=\"__1 _18\"> </span>76<span class=\"__1 _35\"> </span>54<span class=\"__1 _18\"> </span>15<span class=\"__1 _18\"> </span>69<span class=\"__1 _1bc\"> </span></span>Ge<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>ent<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _135\"> </span><span class=\"ls42\">69<span class=\"__1 _f5\"> </span>31<span class=\"__1 _fb\"> </span>100<span class=\"__1 _137\"> </span>63<span class=\"__1 _18\"> </span>24<span class=\"__1 _18\"> </span>87<span class=\"__1 _1bc\"> </span></span>Re<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>ons<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de e<span class=\"__1 _70\"></span>qu<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>po<span class=\"__1 _d7\"> </span><span class=\"ls42\">69<span class=\"__1 _fd\"> </span></span>5<span class=\"__1 _18\"> </span><span class=\"ls42\">74<span class=\"__1 _137\"> </span>69<span class=\"__1 _fd\"> </span></span>5<span class=\"__1 _18\"> </span><span class=\"ls42\">74<span class=\"__1 _1bc\"> </span></span>T\u00e9<span class=\"__1 _70\"></span>c<span class=\"__1 _6\"></span>ni<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>os<span class=\"__1 _136\"> </span><span class=\"ls42\">226<span class=\"__1 _12\"> </span>160<span class=\"__1 _fb\"> </span>386<span class=\"__1 _d7\"> </span>201<span class=\"__1 _12\"> </span>134<span class=\"__1 _fb\"> </span>335<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>dmi<span class=\"__1 _6\"></span>ni<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>tra<span class=\"__1 _8\"></span>ti<span class=\"__1 _6\"></span>vo<span class=\"__1 _6\"></span>s<span class=\"__1 _11c\"> </span><span class=\"ls42\">17<span class=\"__1 _18\"> </span>40<span class=\"__1 _18\"> </span>57<span class=\"__1 _137\"> </span>15<span class=\"__1 _18\"> </span>40<span class=\"__1 _f5\"> </span>55<span class=\"__1 _1bc\"> </span></span>Op<span class=\"__1 _6\"></span>era<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>es<span class=\"__1 _138\"> </span><span class=\"ls42\">299<span class=\"__1 _18\"> </span>47<span class=\"__1 _12\"> </span>346<span class=\"__1 _d7\"> </span>277<span class=\"__1 _f5\"> </span>36<span class=\"__1 _fb\"> </span>313<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>poyo <span class=\"__1 _6\"></span>y me<span class=\"__1 _70\"></span>j<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span>a<span class=\"__1 _139\"> </span><span class=\"ls42\">49<span class=\"__1 _f5\"> </span>43<span class=\"__1 _18\"> </span>92<span class=\"__1 _137\"> </span>47<span class=\"__1 _18\"> </span>42<span class=\"__1 _18\"> </span>89<span class=\"__1 _1bc\"> </span></span>Ma<span class=\"__1 _6\"></span>nte<span class=\"__1 _5\"></span>ni<span class=\"__1 _8\"></span>mi<span class=\"__1 _6\"></span>ent<span class=\"__1 _5\"></span>o<span class=\"__1 _8e\"> </span><span class=\"ls42\">130<span class=\"__1 _fd\"> </span></span>1<span class=\"__1 _fb\"> </span><span class=\"ls42\">131<span class=\"__1 _d7\"> </span>123<span class=\"__1 _fd\"> </span></span>3<span class=\"__1 _fb\"> </span><span class=\"ls42\">126<span class=\"__1 _1bc\"> </span></span>916<span class=\"__1 _12\"> </span>346<span class=\"__1 _49\"> </span><span class=\"ls0_1\">1<span class=\"__1 _6\"></span>.26<span class=\"__1 _6\"></span>2<span class=\"__1 _d7\"> </span></span>849<span class=\"__1 _fb\"> </span>299<span class=\"__1 _49\"> </span><span class=\"ls0_1\">1<span class=\"__1 _6\"></span>.148<span class=\"__1 _1bc\"> </span></span>2023<span class=\"__1 _1bc\"> </span>2022<span class=\"__1 _1bc\"> </span>N<span class=\"__1 _5\"></span>\u00fame<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span> de E<span class=\"__1 _70\"></span>mpl<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span> c<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>err<span class=\"__1 _6\"></span>e de<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span> Ej<span class=\"__1 _6\"></span>erc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Al 31 de diciembre de 2023 y 2022 el n\u00fa<span class=\"__1 _6\"></span>mero de empleados<span class=\"__1 _6\"></span> con una discapacidad<span class=\"__1 _6\"></span> superior al 33% es de 12<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> y 10 personas<span class=\"__1 _6\"></span>, respectivamente.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> Por <span class=\"__1 _8\"></span>otra <span class=\"__1 _4\"></span>parte, <span class=\"__1 _8\"></span>al <span class=\"__1 _8\"></span>31 <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>diciem<span class=\"__1 _5\"></span>bre <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>2023 <span class=\"__1 _6\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>2022 <span class=\"__1 _8\"></span>el <span class=\"__1 _4\"></span>Consejo <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>Administraci\u00f3n <span class=\"__1 _4\"></span>est\u00e1 <span class=\"__1 _4\"></span>conformado <span class=\"__1 _8\"></span>por <span class=\"__1 _8\"></span>13<span class=\"__1 _1bc\"> </span> personas<span class=\"__1 _6\"></span>; 8 varones y 5 mujeres. <span class=\"__1 _6\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-545": {
   "value": "11.1<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Datos de plantilla<span class=\"__1 _1bc\"> </span></span></span>La <span class=\"__1 _6\"></span>plantilla <span class=\"__1 _6\"></span>media <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>Grupo <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>ejercicios 2023 <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>2022, <span class=\"__1 _6\"></span>detallada <span class=\"__1 _6\"></span>po<span class=\"__1 _6\"></span>r <span class=\"__1 _6\"></span>categor\u00eda <span class=\"__1 _6\"></span>profesional <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>sexo, <span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>la<span class=\"__1 _1bc\"> </span>siguiente:<span class=\"__1 _1bc\"> </span>As\u00ed <span class=\"__1 _5\"></span>mismo <span class=\"__1 _5\"></span>la <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>istribuci\u00f3n de <span class=\"__1 _70\"></span>la <span class=\"__1 _70\"></span>plan<span class=\"__1 _6\"></span>tilla <span class=\"__1 _5\"></span>del <span class=\"__1 _70\"></span>Gru<span class=\"__1 _6\"></span>po <span class=\"__1 _70\"></span>al 31 <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>diciembre <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>2023 y <span class=\"__1 _70\"></span>2022, detallada <span class=\"__1 _70\"></span>por categor\u00eda<span class=\"__1 _1bc\"> </span>profesional y s<span class=\"__1 _6\"></span>exo, es la siguiente:<span class=\"__1 _1bc\"> </span>Ca<span class=\"__1 _6\"></span>te<span class=\"__1 _5\"></span>gor\u00eda<span class=\"__1 _8\"></span> Pr<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>fes<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ona<span class=\"__1 _8\"></span>l<span class=\"__1 _134\"> </span>Hombres<span class=\"__1 _c7\"> </span>Muj<span class=\"__1 _6\"></span>eres<span class=\"__1 _ff\"> </span>Tota<span class=\"__1 _6\"></span>l<span class=\"__1 _59\"> </span>Hombr<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _c7\"> </span>Muj<span class=\"__1 _8\"></span>ere<span class=\"__1 _5\"></span>s<span class=\"__1 _33\"> </span>T<span class=\"__1 _5\"></span>ota<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span>Di<span class=\"__1 _8\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vos<span class=\"__1 _112\"> </span><span class=\"ls42\">57<span class=\"__1 _18\"> </span>17<span class=\"__1 _18\"> </span>74<span class=\"__1 _35\"> </span>51<span class=\"__1 _18\"> </span>14<span class=\"__1 _18\"> </span>65<span class=\"__1 _1bc\"> </span></span>Ge<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>ent<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _135\"> </span><span class=\"ls42\">68<span class=\"__1 _f5\"> </span>27<span class=\"__1 _18\"> </span>95<span class=\"__1 _2c\"> </span>60<span class=\"__1 _f5\"> </span>23<span class=\"__1 _18\"> </span>83<span class=\"__1 _1bc\"> </span></span>Re<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>ons<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de e<span class=\"__1 _70\"></span>qu<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>po<span class=\"__1 _d7\"> </span><span class=\"ls42\">68<span class=\"__1 _fd\"> </span></span>5<span class=\"__1 _18\"> </span><span class=\"ls42\">73<span class=\"__1 _2c\"> </span>68<span class=\"__1 _fd\"> </span></span>5<span class=\"__1 _18\"> </span><span class=\"ls42\">73<span class=\"__1 _1bc\"> </span></span>T\u00e9<span class=\"__1 _70\"></span>c<span class=\"__1 _6\"></span>ni<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>os<span class=\"__1 _136\"> </span><span class=\"ls42\">216<span class=\"__1 _12\"> </span>147<span class=\"__1 _fb\"> </span>363<span class=\"__1 _d7\"> </span>195<span class=\"__1 _12\"> </span>122<span class=\"__1 _fb\"> </span>317<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>dmi<span class=\"__1 _6\"></span>ni<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>tra<span class=\"__1 _8\"></span>ti<span class=\"__1 _6\"></span>vo<span class=\"__1 _6\"></span>s<span class=\"__1 _11c\"> </span><span class=\"ls42\">15<span class=\"__1 _18\"> </span>37<span class=\"__1 _18\"> </span>52<span class=\"__1 _137\"> </span>16<span class=\"__1 _18\"> </span>38<span class=\"__1 _f5\"> </span>54<span class=\"__1 _1bc\"> </span></span>Op<span class=\"__1 _6\"></span>era<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>es<span class=\"__1 _138\"> </span><span class=\"ls42\">292<span class=\"__1 _18\"> </span>46<span class=\"__1 _12\"> </span>338<span class=\"__1 _d7\"> </span>288<span class=\"__1 _f5\"> </span>34<span class=\"__1 _fb\"> </span>322<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>poyo <span class=\"__1 _6\"></span>y me<span class=\"__1 _70\"></span>j<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span>a<span class=\"__1 _139\"> </span><span class=\"ls42\">47<span class=\"__1 _f5\"> </span>45<span class=\"__1 _18\"> </span>92<span class=\"__1 _137\"> </span>47<span class=\"__1 _18\"> </span>48<span class=\"__1 _18\"> </span>95<span class=\"__1 _1bc\"> </span></span>Ma<span class=\"__1 _6\"></span>nte<span class=\"__1 _5\"></span>ni<span class=\"__1 _8\"></span>mi<span class=\"__1 _6\"></span>ent<span class=\"__1 _5\"></span>o<span class=\"__1 _8e\"> </span><span class=\"ls42\">133<span class=\"__1 _fd\"> </span></span>2<span class=\"__1 _fb\"> </span><span class=\"ls42\">135<span class=\"__1 _d7\"> </span>131<span class=\"__1 _fd\"> </span></span>2<span class=\"__1 _fb\"> </span><span class=\"ls42\">133<span class=\"__1 _1bc\"> </span></span>896<span class=\"__1 _12\"> </span>326<span class=\"__1 _49\"> </span><span class=\"ls0_1\">1<span class=\"__1 _6\"></span>.22<span class=\"__1 _6\"></span>2<span class=\"__1 _d7\"> </span></span>856<span class=\"__1 _fb\"> </span>286<span class=\"__1 _49\"> </span><span class=\"ls0_1\">1<span class=\"__1 _6\"></span>.142<span class=\"__1 _1bc\"> </span></span>2022<span class=\"__1 _1bc\"> </span>N<span class=\"__1 _5\"></span>\u00fame<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span> Me<span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o de E<span class=\"__1 _5\"></span>mpl<span class=\"__1 _6\"></span>ea<span class=\"__1 _6\"></span>dos<span class=\"__1 _8\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span> Ej<span class=\"__1 _6\"></span>erc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>2023<span class=\"__1 _1bc\"> </span>Ca<span class=\"__1 _6\"></span>te<span class=\"__1 _5\"></span>gor\u00eda<span class=\"__1 _8\"></span> Pr<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>fes<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ona<span class=\"__1 _8\"></span>l<span class=\"__1 _134\"> </span>Hombres<span class=\"__1 _c7\"> </span>Muj<span class=\"__1 _6\"></span>eres<span class=\"__1 _ff\"> </span>Tota<span class=\"__1 _6\"></span>l<span class=\"__1 _59\"> </span>Hombr<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _c7\"> </span>Muj<span class=\"__1 _8\"></span>ere<span class=\"__1 _5\"></span>s<span class=\"__1 _33\"> </span>T<span class=\"__1 _5\"></span>ota<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span>Di<span class=\"__1 _8\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vos<span class=\"__1 _112\"> </span><span class=\"ls42\">57<span class=\"__1 _18\"> </span>19<span class=\"__1 _18\"> </span>76<span class=\"__1 _35\"> </span>54<span class=\"__1 _18\"> </span>15<span class=\"__1 _18\"> </span>69<span class=\"__1 _1bc\"> </span></span>Ge<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>ent<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _135\"> </span><span class=\"ls42\">69<span class=\"__1 _f5\"> </span>31<span class=\"__1 _fb\"> </span>100<span class=\"__1 _137\"> </span>63<span class=\"__1 _18\"> </span>24<span class=\"__1 _18\"> </span>87<span class=\"__1 _1bc\"> </span></span>Re<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>ons<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de e<span class=\"__1 _70\"></span>qu<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>po<span class=\"__1 _d7\"> </span><span class=\"ls42\">69<span class=\"__1 _fd\"> </span></span>5<span class=\"__1 _18\"> </span><span class=\"ls42\">74<span class=\"__1 _137\"> </span>69<span class=\"__1 _fd\"> </span></span>5<span class=\"__1 _18\"> </span><span class=\"ls42\">74<span class=\"__1 _1bc\"> </span></span>T\u00e9<span class=\"__1 _70\"></span>c<span class=\"__1 _6\"></span>ni<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>os<span class=\"__1 _136\"> </span><span class=\"ls42\">226<span class=\"__1 _12\"> </span>160<span class=\"__1 _fb\"> </span>386<span class=\"__1 _d7\"> </span>201<span class=\"__1 _12\"> </span>134<span class=\"__1 _fb\"> </span>335<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>dmi<span class=\"__1 _6\"></span>ni<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>tra<span class=\"__1 _8\"></span>ti<span class=\"__1 _6\"></span>vo<span class=\"__1 _6\"></span>s<span class=\"__1 _11c\"> </span><span class=\"ls42\">17<span class=\"__1 _18\"> </span>40<span class=\"__1 _18\"> </span>57<span class=\"__1 _137\"> </span>15<span class=\"__1 _18\"> </span>40<span class=\"__1 _f5\"> </span>55<span class=\"__1 _1bc\"> </span></span>Op<span class=\"__1 _6\"></span>era<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>es<span class=\"__1 _138\"> </span><span class=\"ls42\">299<span class=\"__1 _18\"> </span>47<span class=\"__1 _12\"> </span>346<span class=\"__1 _d7\"> </span>277<span class=\"__1 _f5\"> </span>36<span class=\"__1 _fb\"> </span>313<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>poyo <span class=\"__1 _6\"></span>y me<span class=\"__1 _70\"></span>j<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span>a<span class=\"__1 _139\"> </span><span class=\"ls42\">49<span class=\"__1 _f5\"> </span>43<span class=\"__1 _18\"> </span>92<span class=\"__1 _137\"> </span>47<span class=\"__1 _18\"> </span>42<span class=\"__1 _18\"> </span>89<span class=\"__1 _1bc\"> </span></span>Ma<span class=\"__1 _6\"></span>nte<span class=\"__1 _5\"></span>ni<span class=\"__1 _8\"></span>mi<span class=\"__1 _6\"></span>ent<span class=\"__1 _5\"></span>o<span class=\"__1 _8e\"> </span><span class=\"ls42\">130<span class=\"__1 _fd\"> </span></span>1<span class=\"__1 _fb\"> </span><span class=\"ls42\">131<span class=\"__1 _d7\"> </span>123<span class=\"__1 _fd\"> </span></span>3<span class=\"__1 _fb\"> </span><span class=\"ls42\">126<span class=\"__1 _1bc\"> </span></span>916<span class=\"__1 _12\"> </span>346<span class=\"__1 _49\"> </span><span class=\"ls0_1\">1<span class=\"__1 _6\"></span>.26<span class=\"__1 _6\"></span>2<span class=\"__1 _d7\"> </span></span>849<span class=\"__1 _fb\"> </span>299<span class=\"__1 _49\"> </span><span class=\"ls0_1\">1<span class=\"__1 _6\"></span>.148<span class=\"__1 _1bc\"> </span></span>2023<span class=\"__1 _1bc\"> </span>2022<span class=\"__1 _1bc\"> </span>N<span class=\"__1 _5\"></span>\u00fame<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span> de E<span class=\"__1 _70\"></span>mpl<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span> c<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>err<span class=\"__1 _6\"></span>e de<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span> Ej<span class=\"__1 _6\"></span>erc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Al 31 de diciembre de 2023 y 2022 el n\u00fa<span class=\"__1 _6\"></span>mero de empleados<span class=\"__1 _6\"></span> con una discapacidad<span class=\"__1 _6\"></span> superior al 33% es de 12<span class=\"__1 _1bc\"> </span>y 10 personas<span class=\"__1 _6\"></span>, respectivamente.<span class=\"__1 _1bc\"> </span>Por <span class=\"__1 _8\"></span>otra <span class=\"__1 _4\"></span>parte, <span class=\"__1 _8\"></span>al <span class=\"__1 _8\"></span>31 <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>diciem<span class=\"__1 _5\"></span>bre <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>2023 <span class=\"__1 _6\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>2022 <span class=\"__1 _8\"></span>el <span class=\"__1 _4\"></span>Consejo <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>Administraci\u00f3n <span class=\"__1 _4\"></span>est\u00e1 <span class=\"__1 _4\"></span>conformado <span class=\"__1 _8\"></span>por <span class=\"__1 _8\"></span>13<span class=\"__1 _1bc\"> </span>personas<span class=\"__1 _6\"></span>; 8 varones y 5 mujeres. ENCE <span class=\"__1 _70\"></span>tiene contratado <span class=\"__1 _70\"></span>un <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>eguro <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>responsabilidad civil <span class=\"__1 _70\"></span>que <span class=\"__1 _70\"></span>cub<span class=\"__1 _6\"></span>re <span class=\"__1 _70\"></span>a <span class=\"__1 _5\"></span>todos <span class=\"__1 _5\"></span>sus <span class=\"__1 _70\"></span>administradores <span class=\"__1 _5\"></span>y <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>irectivos<span class=\"__1 _1bc\"> </span> por <span class=\"__1 _6\"></span>da\u00f1<span class=\"__1 _6\"></span>os <span class=\"__1 _6\"></span>ocasionados <span class=\"__1 _8\"></span>por <span class=\"__1 _6\"></span>actos <span class=\"__1 _6\"></span>u <span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>misiones <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>ejercicio <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>su <span class=\"__1 _6\"></span>cargo. <span class=\"__1 _6\"></span>Su <span class=\"__1 _8\"></span>coste <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>2023 <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>2022 <span class=\"__1 _6\"></span>ha <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>ido<span class=\"__1 _1bc\"> </span> de 94 miles \u20ac. 33.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Retribuci\u00f3n y otras prestaciones a los Administradores y a la Alta Direcci<span class=\"__1 _5\"></span>\u00f3n <span class=\"__1 _6\"></span> </span></span>33.1<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Retri<span class=\"__1 _6\"></span>bucione<span class=\"__1 _5\"></span>s a los miemb<span class=\"__1 _5\"></span>ros del Consejo de<span class=\"__1 _5\"></span> Administraci\u00f3n </span></span>De <span class=\"__1 _4\"></span>acuerdo <span class=\"__1 _4\"></span>a <span class=\"__1 _8\"></span>lo <span class=\"__1 _4\"></span>disp<span class=\"__1 _6\"></span>uesto <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>art\u00edcu<span class=\"__1 _6\"></span>lo <span class=\"__1 _4\"></span>38 <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>los <span class=\"__1 _c8\"></span>Estatutos <span class=\"__1 _4\"></span>Sociales, <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>Consejeros, <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>su <span class=\"__1 _4\"></span>condici\u00f3n <span class=\"__1 _4\"></span>de miembros d<span class=\"__1 _6\"></span>el Consejo <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>por el <span class=\"__1 _6\"></span>desempe\u00f1o <span class=\"__1 _6\"></span>de la <span class=\"__1 _6\"></span>funci\u00f3n<span class=\"__1 _6\"></span> de <span class=\"__1 _6\"></span>superv<span class=\"__1 _6\"></span>isi\u00f3n y<span class=\"__1 _6\"></span> decisi\u00f3n <span class=\"__1 _6\"></span>colegiada <span class=\"__1 _6\"></span>propia <span class=\"__1 _6\"></span>de este \u00f3rgano, <span class=\"__1 _4\"></span>tienen<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>derecho <span class=\"__1 _c8\"></span>a <span class=\"__1 _4\"></span>percibir <span class=\"__1 _4\"></span>una <span class=\"__1 _c8\"></span>asignaci\u00f3n <span class=\"__1 _4\"></span>anual <span class=\"__1 _c8\"> </span>fija <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>primas <span class=\"__1 _c8\"></span>por <span class=\"__1 _4\"></span>asistencia, <span class=\"__1 _c8\"></span>que <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>conj<span class=\"__1 _8\"></span>unto <span class=\"__1 _c8\"></span>no podr\u00e1n <span class=\"__1 _cd\"> </span>exceder <span class=\"__1 _cd\"> </span>de <span class=\"__1 _cd\"> </span>la <span class=\"__1 _ce\"> </span>cantidad<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>fijada <span class=\"__1 _cd\"> </span>a <span class=\"__1 _ce\"> </span>tal <span class=\"__1 _cd\"> </span>efecto <span class=\"__1 _cd\"> </span>por <span class=\"__1 _cd\"> </span>la <span class=\"__1 _ce\"> </span>Junta <span class=\"__1 _cd\"> </span>General <span class=\"__1 _cd\"> </span>Ord<span class=\"__1 _6\"></span>inaria <span class=\"__1 _cd\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _cd\"> </span>Accionistas, correspondiendo <span class=\"__1 _4\"></span>al <span class=\"__1 _4\"></span>Consejo <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>Administraci\u00f3n <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>E<span class=\"__1 _6\"></span>NCE <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>eterminaci\u00f3n <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>cantidad <span class=\"__1 _4\"></span>exacta <span class=\"__1 _4\"></span>a <span class=\"__1 _8\"></span>abonar dentro <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>dicho <span class=\"__1 _8\"></span>l\u00edmite <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>su <span class=\"__1 _8\"></span>distribuci\u00f3n <span class=\"__1 _8\"></span>entre <span class=\"__1 _8\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>distintos <span class=\"__1 _8\"></span>Consejeros, <span class=\"__1 _4\"></span>tenie<span class=\"__1 _5\"></span>ndo <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>cuenta <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>funciones <span class=\"__1 _8\"></span>y responsabilid<span class=\"__1 _6\"></span>ades  at<span class=\"__1 _6\"></span>ribuidas  a <span class=\"__1 _150\"> </span>cad<span class=\"__1 _6\"></span>a  u<span class=\"__1 _6\"></span>no,  la <span class=\"__1 _150\"> </span>p<span class=\"__1 _6\"></span>ertenencia  a <span class=\"__1 _cb\"> </span>comisiones  dentro<span class=\"__1 _6\"></span>  del <span class=\"__1 _150\"> </span>Con<span class=\"__1 _6\"></span>sejo,  los<span class=\"__1 _6\"></span>  cargos desempe\u00f1ados por cada uno de <span class=\"__1 _5\"></span>ellos dentro del Consejo y l<span class=\"__1 _5\"></span>as dem\u00e1s circunstancias objetivas que con<span class=\"__1 _6\"></span>sidere relevantes.  Con <span class=\"__1 _70\"></span>fecha <span class=\"__1 _5\"></span>5 <span class=\"__1 _70\"></span>de mayo <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>2023 <span class=\"__1 _5\"></span>la <span class=\"__1 _5\"></span>Junta <span class=\"__1 _5\"></span>General <span class=\"__1 _70\"></span>Ordinaria de <span class=\"__1 _70\"></span>Accionistas <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>la <span class=\"__1 _70\"></span>Sociedad<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>ha aprobado <span class=\"__1 _70\"></span>la <span class=\"__1 _70\"></span>Pol\u00edtica de  Remuneraciones  d<span class=\"__1 _6\"></span>e  los <span class=\"__1 _150\"> </span>Cons<span class=\"__1 _6\"></span>ejeros  de  Ence  E<span class=\"__1 _6\"></span>nerg\u00eda  y <span class=\"__1 _150\"> </span>Celulosa,<span class=\"__1 _6\"></span>  S.A.  para  e<span class=\"__1 _6\"></span>l  periodo<span class=\"__1 _6\"></span>  2023 <span class=\"__1 _cb\"> </span>-  202<span class=\"__1 _6\"></span>6 (disponible en <span class=\"__1 _70\"></span>www.ence.es). El <span class=\"__1 _5\"></span>l\u00edmite <span class=\"__1 _70\"></span>m\u00e1ximo de <span class=\"__1 _70\"></span>remuneraci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>anual a<span class=\"__1 _5\"></span> <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>atisfacer <span class=\"__1 _70\"></span>al conjunto <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>con<span class=\"__1 _6\"></span>sejeros en su condici\u00f3n<span class=\"__1 _6\"></span> de <span class=\"ff6\">tales, es<span class=\"__1 _6\"></span>tablecido en dicha pol\u00edtica d<span class=\"__1 _6\"></span>e remuneraciones es de 1,9 mi<span class=\"__1 _6\"></span>llones \u20ac.<span class=\"__1 _8\"></span></span> Retribuciones po<span class=\"__1 _6\"></span>r su pertenencia al Consejo<span class=\"__1 _6\"></span> de Administraci\u00f3n<span class=\"__1 _6\"></span> Las re<span class=\"__1 _5\"></span>tribuciones devengadas por <span class=\"__1 _70\"></span>los miem<span class=\"__1 _5\"></span>bros del <span class=\"__1 _70\"></span>Cons<span class=\"__1 _6\"></span>ejo <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>Ad<span class=\"__1 _6\"></span>ministraci\u00f3n en <span class=\"__1 _70\"></span>relaci\u00f3n con <span class=\"__1 _5\"></span>las f<span class=\"__1 _5\"></span>unciones propias de s<span class=\"__1 _6\"></span>u condici\u00f3n de consejeros en 2023 y<span class=\"__1 _6\"></span> 2022 han sid<span class=\"__1 _6\"></span>o: Los <span class=\"__1 _4\"></span>Consejeros <span class=\"__1 _4\"></span>no <span class=\"__1 _8\"></span>ejecutivos <span class=\"__1 _4\"></span>\u00fanicamente <span class=\"__1 _8\"></span>perciben <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>retribuci\u00f3n <span class=\"__1 _4\"></span>f<span class=\"__1 _5\"></span>ija <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>dietas <span class=\"__1 _4\"></span>indicadas, <span class=\"__1 _8\"></span>estand<span class=\"__1 _6\"></span>o <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>todo<span class=\"__1 _1bc\"> </span>caso excluidos d<span class=\"__1 _6\"></span>e los planes de incentivos ligad<span class=\"__1 _6\"></span>os al desempe\u00f1o d<span class=\"__1 _6\"></span>e la compa\u00f1\u00eda, a corto<span class=\"__1 _6\"></span> o largo plazo.<span class=\"__1 _1bc\"> </span>Por <span class=\"__1 _8\"></span>otra <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>arte, <span class=\"__1 _8\"></span>ENCE <span class=\"__1 _8\"></span>tiene <span class=\"__1 _6\"></span>co<span class=\"__1 _6\"></span>ntratada <span class=\"__1 _8\"></span>una <span class=\"__1 _8\"></span>p\u00f3liza <span class=\"__1 _8\"></span>que <span class=\"__1 _6\"></span>as<span class=\"__1 _6\"></span>egura <span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>l <span class=\"__1 _8\"></span>colectivo <span class=\"__1 _6\"></span>for<span class=\"__1 _6\"></span>mado <span class=\"__1 _8\"></span>por <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>conju<span class=\"__1 _6\"></span>nto <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>los<span class=\"__1 _1bc\"> </span>consejeros <span class=\"__1 _4\"></span>fre<span class=\"__1 _5\"></span>nte <span class=\"__1 _8\"></span>a <span class=\"__1 _4\"></span>los <span class=\"__1 _8\"></span>siguien<span class=\"__1 _6\"></span>tes <span class=\"__1 _8\"></span>riesgos<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>derivados<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>acc<span class=\"__1 _5\"></span>idente; <span class=\"__1 _8\"></span>fallecimiento, <span class=\"__1 _4\"></span>incapacidad <span class=\"__1 _4\"></span>permanente<span class=\"__1 _1bc\"> </span>absoluta <span class=\"__1 _4\"></span>e <span class=\"__1 _4\"></span>incap<span class=\"__1 _6\"></span>acidad <span class=\"__1 _4\"></span>permanente <span class=\"__1 _4\"></span>parcial. <span class=\"__1 _c8\"></span>Adicionalmente, <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>Sociedad <span class=\"__1 _4\"></span>ofre<span class=\"__1 _6\"></span>ce <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>cons<span class=\"__1 _6\"></span>ejeros <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>sus<span class=\"__1 _1bc\"> </span>c\u00f3nyuges la p<span class=\"__1 _6\"></span>osibilidad de realizar anu<span class=\"__1 _6\"></span>almente un reconocimiento m<span class=\"__1 _6\"></span>\u00e9dico.<span class=\"__1 _1bc\"> </span>Durante <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>ejercicios <span class=\"__1 _6\"></span>202<span class=\"__1 _6\"></span>3 <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>2022 <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>miembros <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>Consejo <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e Adminis<span class=\"__1 _6\"></span>traci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>ENCE <span class=\"__1 _8\"></span>no <span class=\"__1 _6\"></span>han <span class=\"__1 _6\"></span>percibido<span class=\"__1 _1bc\"> </span>importe <span class=\"__1 _c6\"> </span>algu<span class=\"__1 _6\"></span>no  por <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c6\"> </span>p<span class=\"__1 _6\"></span>ertenencia <span class=\"__1 _c6\"> </span>a  los <span class=\"__1 _ca\"> </span>\u00f3rganos <span class=\"__1 _c6\"> </span>de  administraci\u00f3n <span class=\"__1 _c6\"> </span>de  otras <span class=\"__1 _c6\"> </span>sociedad<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>  del <span class=\"__1 _c6\"> </span>Grupo,  o<span class=\"__1 _1bc\"> </span>asociadas.<span class=\"__1 _1bc\"> </span>La informaci\u00f3n sob<span class=\"__1 _6\"></span>re remuneraci\u00f3n media de cons<span class=\"__1 _6\"></span>ejeros desglosad<span class=\"__1 _6\"></span>a por sexo s<span class=\"__1 _6\"></span>e incluye en el \u201cEstado d<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span>informaci\u00f3n no financiera <span class=\"__1 _6\"></span><span class=\"ff6\">\u2013</span> <span class=\"ff6\">informe d<span class=\"__1 _6\"></span>e sostenibilidad<span class=\"__1 _6\"></span>\u201d que forma parte del Infor<span class=\"__1 _6\"></span>me de Gesti\u00f3n.<span class=\"__1 _1bc\"> </span></span>Retribuciones po<span class=\"__1 _6\"></span>r el desempe\u00f1o de<span class=\"__1 _6\"></span> funciones eje<span class=\"__1 _6\"></span>cutivas<span class=\"__1 _1bc\"> </span>La Pol\u00edtica de R<span class=\"__1 _6\"></span>emuneraciones<span class=\"__1 _6\"></span> de los Cons<span class=\"__1 _6\"></span>ejeros de Ence E<span class=\"__1 _6\"></span>nerg\u00eda y Celulos<span class=\"__1 _6\"></span>a, S.A. estable<span class=\"__1 _6\"></span>ce una retribuci\u00f3n<span class=\"__1 _1bc\"> </span>fija <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>ara <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>Presidente <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>Consejero <span class=\"__1 _4\"></span>De<span class=\"__1 _5\"></span>legado <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span><span class=\"ls12\">750 <span class=\"__1 _8\"></span></span><span class=\"ff6\">miles <span class=\"__1 _4\"></span>\u20ac <span class=\"__1 _8\"></span>y <span class=\"__1 _4\"></span>una <span class=\"__1 _8\"></span>retrib<span class=\"__1 _6\"></span>uci\u00f3n <span class=\"__1 _8\"></span>v<span class=\"__1 _6\"></span>ariable <span class=\"__1 _4\"></span>a<span class=\"__1 _5\"></span>nual <span class=\"__1 _4\"></span>m\u00e1xima <span class=\"__1 _8\"></span>del<span class=\"__1 _1bc\"> </span></span>120% <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c8\"> </span>r<span class=\"__1 _6\"></span>etribuci\u00f3n <span class=\"__1 _c6\"> </span>fija. <span class=\"__1 _c6\"> </span>Adicionalmente, <span class=\"__1 _c6\"> </span>ENCE <span class=\"__1 _c8\"> </span>ofre<span class=\"__1 _6\"></span>ce <span class=\"__1 _c8\"> </span>al <span class=\"__1 _c8\"> </span>Presidente<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>como <span class=\"__1 _c8\"> </span>retribu<span class=\"__1 _6\"></span>ciones <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c6\"> </span>especie;<span class=\"__1 _1bc\"> </span>veh\u00edculo de empresa, s<span class=\"__1 _6\"></span>eguro m\u00e9dico, y la pos<span class=\"__1 _6\"></span>ibilidad de realizar an<span class=\"__1 _6\"></span>ualmente un reconoc<span class=\"__1 _6\"></span>imiento m\u00e9dico.<span class=\"__1 _1bc\"> </span>Las <span class=\"__1 _cb\"> </span>retribuciones <span class=\"__1 _150\"> </span>d<span class=\"__1 _6\"></span>evengadas <span class=\"__1 _150\"> </span>p<span class=\"__1 _6\"></span>or  D. <span class=\"__1 _cb\"> </span>Ignacio  d<span class=\"__1 _6\"></span>e <span class=\"__1 _150\"> </span>Colmenar<span class=\"__1 _6\"></span>es <span class=\"__1 _150\"> </span>Brun<span class=\"__1 _6\"></span>et <span class=\"__1 _150\"> </span>por <span class=\"__1 _cb\"> </span>el  des<span class=\"__1 _8\"></span>empe\u00f1o <span class=\"__1 _cb\"> </span>de  funcion<span class=\"__1 _6\"></span>es<span class=\"__1 _1bc\"> </span>ejecutivas <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>2023 <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>2022, <span class=\"__1 _6\"></span>tan<span class=\"__1 _6\"></span>to <span class=\"__1 _6\"></span>retribuci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>fija <span class=\"__1 _6\"></span>como <span class=\"__1 _8\"></span>variable<span class=\"__1 _6\"></span><span class=\"ff6\">, <span class=\"__1 _6\"></span>han <span class=\"__1 _8\"></span>sido <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>1.295 <span class=\"__1 _6\"></span>miles <span class=\"__1 _6\"></span>\u20ac <span class=\"__1 _8\"></span>y <span class=\"__1 _6\"></span>1.323 <span class=\"__1 _6\"></span>mi<span class=\"__1 _6\"></span>les <span class=\"__1 _6\"></span>\u20ac,<span class=\"__1 _1bc\"> </span></span>respectivamente. For<span class=\"__1 _6\"></span>mando p<span class=\"__1 _6\"></span>arte de su retribuci\u00f3n<span class=\"__1 _6\"></span>, el Pr<span class=\"__1 _6\"></span>esidente y Consejero<span class=\"__1 _6\"></span> Delegado <span class=\"__1 _6\"></span>es beneficiario d<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span>un seguro mixto d<span class=\"__1 _6\"></span>e ahorro y<span class=\"__1 _6\"></span> de vida y accidente (v\u00e9ase N<span class=\"__1 _6\"></span>ota 3.14).<span class=\"__1 _6\"></span> A\u00f1o 2<span class=\"__1 _6\"></span>02<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span> \u2013 Adminis<span class=\"__1 _6\"></span>tr<span class=\"__1 _6\"></span>ador<span class=\"__1 _3e\"> </span><span class=\"ff4\">Tipolog\u00eda<span class=\"__1 _1bc\"> </span></span>Re<span class=\"__1 _70\"></span>t<span class=\"__1 _6\"></span>ribuci\u00f3<span class=\"__1 _1bc\"> </span>n Fija<span class=\"__1 _1bc\"> </span>Die<span class=\"__1 _70\"></span>t<span class=\"__1 _6\"></span>as y<span class=\"__1 _1bc\"> </span>Otros<span class=\"__1 _1bc\"> </span>Total<span class=\"__1 _1bc\"> </span>A\u00f1o<span class=\"__1 _1bc\"> </span>2022<span class=\"__1 _1bc\"> </span>D.<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>Fernando Abril-Martorell H<span class=\"__1 _6\"></span>ern\u00e1<span class=\"__1 _5\"></span>ndez<span class=\"__1 _20\"> </span>Otros<span class=\"__1 _6\"></span> exte<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>nos<span class=\"__1 _fc\"> </span><span class=\"lsad\">45<span class=\"__1 _1f\"> </span>48<span class=\"__1 _1f\"> </span>93<span class=\"__1 _99\"> </span>108<span class=\"__1 _1bc\"> </span></span>D.<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>\u00c1ngel Agudo V<span class=\"__1 _6\"></span>ale<span class=\"__1 _5\"></span>nciano<span class=\"__1 _89\"> </span>Dominical<span class=\"__1 _16\"> </span><span class=\"lsad\">45<span class=\"__1 _1f\"> </span>38<span class=\"__1 _1f\"> </span>83<span class=\"__1 _1f\"> </span>66<span class=\"__1 _1bc\"> </span></span>D\u00aa.<span class=\"__1 _5\"></span> Carmen Alicia Aquerre<span class=\"__1 _70\"></span>t<span class=\"__1 _6\"></span>a Ferraz<span class=\"__1 _161\"> </span>I<span class=\"__1 _5\"></span>ndepe<span class=\"__1 _70\"></span>ndiente<span class=\"__1 _125\"> </span><span class=\"lsad\">45<span class=\"__1 _1f\"> </span>46<span class=\"__1 _1f\"> </span>91<span class=\"__1 _1f\"> </span>69<span class=\"__1 _1bc\"> </span></span>D.<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>Gorka A<span class=\"__1 _6\"></span>rregui Abendivar<span class=\"__1 _de\"> </span>D<span class=\"__1 _70\"></span>om<span class=\"__1 _6\"></span>inical<span class=\"__1 _16\"> </span><span class=\"lsad\">45<span class=\"__1 _1f\"> </span>49<span class=\"__1 _1f\"> </span>94<span class=\"__1 _99\"> </span>105<span class=\"__1 _1bc\"> </span></span>D.<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>Ja<span class=\"__1 _5\"></span>vier Arregui Abendivar<span class=\"__1 _147\"> </span>Dominical<span class=\"__1 _16\"> </span><span class=\"lsad\">45<span class=\"__1 _1f\"> </span>63<span class=\"__1 _99\"> </span>108<span class=\"__1 _16\"> </span>110<span class=\"__1 _1bc\"> </span></span>D.<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>Oscar Arregui Abe<span class=\"__1 _5\"></span>ndivar<span class=\"__1 _89\"> </span>D<span class=\"__1 _70\"></span>om<span class=\"__1 _6\"></span>inical<span class=\"__1 _16\"> </span><span class=\"lsad\">45<span class=\"__1 _1f\"> </span>34<span class=\"__1 _1f\"> </span>79<span class=\"__1 _1f\"> </span>99<span class=\"__1 _1bc\"> </span></span>D.<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>Jos\u00e9<span class=\"__1 _5\"></span> Ignacio Comenge<span class=\"__1 _70\"></span> S<span class=\"__1 _6\"></span>\u00e1nche<span class=\"__1 _70\"></span>z<span class=\"__1 _6\"></span>-Re<span class=\"__1 _70\"></span>al<span class=\"__1 _18\"> </span>Dominical<span class=\"__1 _16\"> </span><span class=\"lsad\">45<span class=\"__1 _1f\"> </span>31<span class=\"__1 _1f\"> </span>76<span class=\"__1 _1f\"> </span>95<span class=\"__1 _1bc\"> </span></span>D.<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>Ignac<span class=\"__1 _5\"></span>io de Colmenare<span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span> Brunet<span class=\"__1 _85\"> </span>Eje<span class=\"__1 _70\"></span>cut<span class=\"__1 _6\"></span>ivo<span class=\"__1 _4d\"> </span><span class=\"lsad\">135<span class=\"__1 _1f\"> </span></span>0<span class=\"__1 _161\"> </span><span class=\"lsad\">135<span class=\"__1 _4d\"> </span>135<span class=\"__1 _1bc\"> </span></span>D\u00aa.<span class=\"__1 _5\"></span> Rosa M<span class=\"__1 _6\"></span>ar\u00eda Garc\u00eda Pi\u00f1eiro<span class=\"__1 _da\"> </span>Inde<span class=\"__1 _5\"></span>pe<span class=\"__1 _5\"></span>ndiente<span class=\"__1 _fc\"> </span><span class=\"lsad\">45<span class=\"__1 _1f\"> </span>69<span class=\"__1 _99\"> </span>114<span class=\"__1 _19a\"> </span>114<span class=\"__1 _1bc\"> </span></span>D\u00aa.<span class=\"__1 _5\"></span> Rosal\u00eda Gil <span class=\"__1 _6\"></span>Albarellos M<span class=\"__1 _6\"></span>arcos<span class=\"__1 _ed\"> </span>Inde<span class=\"__1 _70\"></span>pendie<span class=\"__1 _5\"></span>nte<span class=\"__1 _125\"> </span><span class=\"lsad\">45<span class=\"__1 _1f\"> </span>54<span class=\"__1 _1f\"> </span>99<span class=\"__1 _1f\"> </span>77<span class=\"__1 _1bc\"> </span></span>D\u00aa.<span class=\"__1 _5\"></span> Ire<span class=\"__1 _5\"></span>ne Hern\u00e1<span class=\"__1 _5\"></span>ndez \u00c1lvarez<span class=\"__1 _19b\"> </span>Inde<span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>ndiente<span class=\"__1 _fc\"> </span><span class=\"lsad\">45<span class=\"__1 _1f\"> </span>82<span class=\"__1 _99\"> </span>127<span class=\"__1 _19a\"> </span>133<span class=\"__1 _1bc\"> </span></span>D\u00aa.<span class=\"__1 _5\"></span> M<span class=\"__1 _6\"></span>ar\u00eda Paz Robina Rosat<span class=\"__1 _f2\"> </span>Inde<span class=\"__1 _5\"></span>pendie<span class=\"__1 _70\"></span>nt<span class=\"__1 _6\"></span>e<span class=\"__1 _125\"> </span><span class=\"lsad\">45<span class=\"__1 _1f\"> </span>60<span class=\"__1 _99\"> </span>105<span class=\"__1 _16\"> </span>109<span class=\"__1 _1bc\"> </span></span>D.<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>Jos\u00e9<span class=\"__1 _5\"></span> Guil<span class=\"__1 _6\"></span>lermo Zub\u00eda Gu<span class=\"__1 _6\"></span>inea<span class=\"__1 _9e\"> </span>Otros<span class=\"__1 _6\"></span> ex<span class=\"__1 _5\"></span>ternos<span class=\"__1 _fc\"> </span><span class=\"lsad\">45<span class=\"__1 _1f\"> </span>60<span class=\"__1 _99\"> </span>105<span class=\"__1 _16\"> </span>117<span class=\"__1 _1bc\"> </span></span>D.<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>Victor<span class=\"__1 _6\"></span> de Urrutia V<span class=\"__1 _6\"></span>alle<span class=\"__1 _5\"></span>jo<span class=\"__1 _89\"> </span>Dominical<span class=\"__1 _23\"> </span>-<span class=\"__1 _35\"> </span>-<span class=\"__1 _137\"> </span>-<span class=\"__1 _2f\"> </span><span class=\"lsad\">18<span class=\"__1 _1bc\"> </span></span>D\u00aa Miren Amaia G<span class=\"__1 _6\"></span>orost<span class=\"__1 _6\"></span>iza Telle<span class=\"__1 _70\"></span>r\u00ed<span class=\"__1 _6\"></span>a<span class=\"__1 _15\"> </span>Indepe<span class=\"__1 _70\"></span>ndiente<span class=\"__1 _101\"> </span>-<span class=\"__1 _137\"> </span>-<span class=\"__1 _137\"> </span>-<span class=\"__1 _2f\"> </span><span class=\"lsad\">32<span class=\"__1 _1bc\"> </span></span>D\u00aa Isabe<span class=\"__1 _70\"></span>l <span class=\"__1 _6\"></span>Tocino Biscarolasaga<span class=\"__1 _e\"> </span>Indepe<span class=\"__1 _70\"></span>ndiente<span class=\"__1 _101\"> </span>-<span class=\"__1 _137\"> </span>-<span class=\"__1 _137\"> </span>-<span class=\"__1 _2f\"> </span><span class=\"lsad\">32<span class=\"__1 _1bc\"> </span></span>675<span class=\"__1 _16\"> </span>634<span class=\"__1 _12\"> </span><span class=\"ls0_1\">1.<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>09<span class=\"__1 _b\"> </span>1.<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>19<span class=\"__1 _1bc\"> </span></span>Mil<span class=\"__1 _6\"></span>es de E<span class=\"__1 _70\"></span>u<span class=\"__1 _6\"></span>ros<span class=\"__1 _1bc\"> </span>A\u00f1o 2<span class=\"__1 _6\"></span>02<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span><div class=\"c_1 w2_1 h58 gs1d3\"><div class=\"t_1 m0_1 x59 h8_1 y1ef ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Adicionalmente a la retrib<span class=\"__1 _6\"></span>uci\u00f3n indicada,<span class=\"__1 _6\"></span> el Presidente y Consejero Delegad<span class=\"__1 _6\"></span>o tiene derech<span class=\"__1 _6\"></span>o a un seguro de </div><div class=\"t_1 m0_1 x59 h8_1 y21b ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">jubilaci\u00f3n <span class=\"__1 _70\"></span>a <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>u <span class=\"__1 _70\"></span>favor <span class=\"__1 _70\"></span>cuya <span class=\"__1 _5\"></span>prestaci\u00f3n <span class=\"__1 _70\"></span>ser\u00e1 <span class=\"__1 _70\"></span>igual <span class=\"__1 _5\"></span>a <span class=\"__1 _70\"></span>una <span class=\"__1 _70\"></span>anualid<span class=\"__1 _6\"></span>ad <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>su <span class=\"__1 _5\"></span>retribuci\u00f3n, <span class=\"__1 _70\"></span>y <span class=\"__1 _70\"></span>que <span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>ercibir\u00e1 <span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span>l <span class=\"__1 _70\"></span>momento<span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x59 h8_1 y21c ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de la extinci\u00f3n de su contrato. La aportaci\u00f3n por este concepto<span class=\"__1 _6\"></span> en 2023 ha sido de <span class=\"__1 _5\"></span>220 miles \u20ac (184 miles \u20ac </div><div class=\"t_1 m0_1 x59 h8_1 y240 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">en 2022). </div><div class=\"t_1 m0_1 x59 h8_1 y262 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">De <span class=\"__1 _6\"></span>acuerdo <span class=\"__1 _8\"></span>con <span class=\"__1 _6\"></span>lo <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>revisto <span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>n <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>Plan<span class=\"__1 _6\"></span>, <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>julio <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>2022 <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>pro<span class=\"__1 _6\"></span>cedi\u00f3 <span class=\"__1 _6\"></span><span class=\"ff6\">a <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>liquidaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>Ciclo <span class=\"__1 _8\"></span>I <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>\u201cPlan<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e </span></div><div class=\"t_1 m0_1 x59 h8_1 y241 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Incentivos  a <span class=\"__1 _c6\"> </span>largo  plazo <span class=\"__1 _c6\"> </span>ENCE  Energ\u00eda <span class=\"__1 _c6\"> </span>y  Celulosa, <span class=\"__1 _ca\"> </span>S.A. <span class=\"__1 _c6\"> </span>p<span class=\"__1 _6\"></span>ara <span class=\"__1 _c6\"> </span>el  periodo  <span class=\"ls12\">2019</span>-2023  (v\u00e9ase <span class=\"__1 _c6\"> </span>No<span class=\"__1 _6\"></span>ta <span class=\"__1 _ca\"> </span>11). <span class=\"__1 _c6\"> </span>E<span class=\"__1 _6\"></span>l </div><div class=\"t_1 m0_1 x59 h8_1 y242 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Presidente percibi\u00f3 en dicha li<span class=\"__1 _6\"></span>quidaci\u00f3n<span class=\"__1 _6\"></span> 59 miles \u20ac y 23.712 accion<span class=\"__1 _6\"></span>es de ENCE (valo<span class=\"__1 _6\"></span>radas en 77 miles \u20ac).<span class=\"__1 _8\"></span><span class=\"ff4\"> </span></div><div class=\"t_1 m0_1 x59 h8_1 y220 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Por otra <span class=\"ff6\">parte, el Presidente <span class=\"__1 _5\"></span>y Consejero Delegado es beneficiario del Ciclo <span class=\"__1 _5\"></span>II del \u201cPlan de <span class=\"__1 _5\"></span>Incentivos<span class=\"__1 _6\"></span> a largo </span></div><div class=\"t_1 m0_1 x59 h8_1 y27b ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">plazo ENCE Energ\u00eda y<span class=\"__1 _6\"></span> Celulosa, S.A. para <span class=\"__1 _6\"></span>el periodo 2019<span class=\"__1 _6\"></span>-2023 (v\u00e9as<span class=\"__1 _6\"></span>e Nota 11). <span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x59 h72 y27c ff9 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Otros aspectos<span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x59 h8_1 y1f9 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Los <span class=\"__1 _8\"></span>Administrad<span class=\"__1 _6\"></span>ores <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>EN<span class=\"__1 _6\"></span>CE <span class=\"__1 _8\"></span>no <span class=\"__1 _8\"></span>tienen <span class=\"__1 _8\"></span>conc<span class=\"__1 _6\"></span>edidos <span class=\"__1 _8\"></span>anticipo<span class=\"__1 _8\"></span>s <span class=\"__1 _8\"></span>ni <span class=\"__1 _8\"></span>cr\u00e9ditos <span class=\"__1 _8\"></span>por <span class=\"__1 _8\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>sociedades <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>Grup<span class=\"__1 _6\"></span>o, <span class=\"__1 _8\"></span>ni<span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x59 h8_1 y264 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">han  percibido  ning\u00fan  tipo  de  indemnizaci\u00f3n<span class=\"__1 _6\"></span>.  Asimismo,  en  <span class=\"ls12\">202</span>3  y  2022  los  Adminis<span class=\"__1 _6\"></span>tradores  no  han </div><div class=\"t_1 m0_1 x59 h8_1 y3ed ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">realizado <span class=\"__1 _5\"></span>con ENCE <span class=\"__1 _70\"></span>o <span class=\"__1 _5\"></span>con <span class=\"__1 _5\"></span>sus f<span class=\"__1 _70\"></span>iliales operaciones <span class=\"__1 _70\"></span>fuera del <span class=\"__1 _70\"></span>giro o <span class=\"__1 _70\"></span>tr\u00e1fico ordinario, <span class=\"__1 _5\"></span>o <span class=\"__1 _70\"></span>en condiciones distintas </div><div class=\"t_1 m0_1 x59 h8_1 y3ee ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de las habitu<span class=\"__1 _6\"></span>ales de mercado. </div><div class=\"t_1 m0_1 x59 h8_1 y267 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ENCE <span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>tiene <span class=\"__1 _6\"></span>contra\u00edda <span class=\"__1 _8\"></span>ninguna <span class=\"__1 _6\"></span>obligaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>con <span class=\"__1 _6\"></span>sus <span class=\"__1 _8\"></span>Administradores, <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>u <span class=\"__1 _6\"></span>concepto <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>tales, <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>materia </div><div class=\"t_1 m0_1 x59 h8_1 y268 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de <span class=\"__1 _6\"></span>pension<span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>ni <span class=\"__1 _8\"></span>sistemas <span class=\"__1 _6\"></span>alternativos<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>seguros, <span class=\"__1 _8\"></span>excepto <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>caso <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>Pres<span class=\"__1 _6\"></span>idente <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>Consejero <span class=\"__1 _6\"></span>Delegado </div><div class=\"t_1 m0_1 x59 h8_1 y27d ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">por sus funcion<span class=\"__1 _6\"></span>es ejecutivas.<span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x59 h8_1 y3ef ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">En el ejercicio 2023 no s<span class=\"__1 _6\"></span>e han prod<span class=\"__1 _6\"></span>ucido cambios en lo<span class=\"__1 _6\"></span>s miembros del Consejo d<span class=\"__1 _6\"></span>e Administra<span class=\"__1 _6\"></span>ci\u00f3n. <span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x59 h8_1 y314 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">En <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>ejercicio 2022 <span class=\"__1 _8\"></span>se <span class=\"__1 _6\"></span>prod<span class=\"__1 _6\"></span>ujeron <span class=\"__1 _8\"></span>los <span class=\"__1 _6\"></span>siguientes<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>cambios <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>los <span class=\"__1 _6\"></span>miembros <span class=\"__1 _8\"></span>del <span class=\"__1 _6\"></span>Consejo <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>Ad<span class=\"__1 _6\"></span>ministraci\u00f3n: </div><div class=\"t_1 m0_1 x59 h8_1 y3f0 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(i) <span class=\"__1 _c8\"> </span>se <span class=\"__1 _c6\"> </span>incorporan<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>al <span class=\"__1 _c6\"> </span>Consejo <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"> </span>Ad<span class=\"__1 _6\"></span>ministraci\u00f3n <span class=\"__1 _c6\"> </span>como <span class=\"__1 _c8\"> </span>cons<span class=\"__1 _6\"></span>ejeras <span class=\"__1 _c8\"> </span>in<span class=\"__1 _6\"></span>dependientes <span class=\"__1 _c6\"> </span>D\u00aa. <span class=\"__1 _c8\"> </span>Carmen <span class=\"__1 _c6\"> </span>Aquerreta </div><div class=\"t_1 m0_1 x59 h8_1 y3f1 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Ferraz <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>D\u00aa. <span class=\"__1 _4\"></span>Rosal\u00eda <span class=\"__1 _8\"></span>Gil<span class=\"ff6\">\u2013<span class=\"__1 _6\"></span></span>Albarellos <span class=\"__1 _4\"></span>Marcos, <span class=\"__1 _8\"></span>y <span class=\"__1 _4\"></span>como <span class=\"__1 _4\"></span>consejero <span class=\"__1 _8\"></span>dominical <span class=\"__1 _4\"></span>D. <span class=\"__1 _8\"></span>\u00c1ngel <span class=\"__1 _4\"></span>Agudo <span class=\"__1 _4\"></span>Valenciano, <span class=\"__1 _8\"></span>y <span class=\"__1 _4\"></span>(ii) </div><div class=\"t_1 m0_1 x59 h8_1 y26a ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">dejan <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>formar <span class=\"__1 _4\"></span>parte <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _4\"></span>Consejo <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>Adminis<span class=\"__1 _6\"></span>traci\u00f3n <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>con<span class=\"__1 _6\"></span>sejeros <span class=\"__1 _4\"></span>D. <span class=\"__1 _4\"></span>Victor <span class=\"__1 _4\"></span>Urruti<span class=\"__1 _8\"></span>a <span class=\"__1 _4\"></span>Vallejo, <span class=\"__1 _4\"></span>D\u00aa. <span class=\"__1 _4\"></span>Isab<span class=\"__1 _6\"></span>el </div><div class=\"t_1 m0_1 x59 h8_1 y22f ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Tocino Biscarolasaga, y<span class=\"__1 _6\"></span> D\u00aa Amaia Goros<span class=\"__1 _6\"></span>tiza Teller\u00eda.<span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x59 h8_1 y3f2 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Durante <span class=\"__1 _8\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>ejercicios<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>202<span class=\"__1 _6\"></span>3 <span class=\"__1 _8\"></span>y <span class=\"__1 _4\"></span>2022 <span class=\"__1 _8\"></span>los <span class=\"__1 _4\"></span>miembros <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>cons<span class=\"__1 _6\"></span>ejo <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>Administraci\u00f3n <span class=\"__1 _8\"></span>no <span class=\"__1 _4\"></span>han <span class=\"__1 _8\"></span>percibido<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>ning\u00fan<span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x59 h8_1 y3f3 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">tipo de indemnizaci\u00f3n. Las cl\u00e1usulas<span class=\"__1 _6\"></span> de indemnizaci\u00f3n de <span class=\"__1 _5\"></span>los cons<span class=\"__1 _6\"></span>ejeros se describ<span class=\"__1 _6\"></span>en en el apartado C.1.39 </div><div class=\"t_1 m0_1 x59 h8_1 y3f4 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">el Informe Anual de Gobierno<span class=\"__1 _6\"></span> Corporativ<span class=\"__1 _6\"></span>o de <span class=\"__1 _6\"></span>dichos <span class=\"ff6\">ejercicios<span class=\"__1 _6\"></span>, disponible en \u201cwww.ence.<span class=\"__1 _6\"></span>es\u201d. <span class=\"__1 _6\"></span></span> </div><div class=\"t_1 m0_1 x59 h8_1 y4fa ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">De acuerdo con las co<span class=\"__1 _6\"></span>municaciones efectuadas por los miembros d<span class=\"__1 _6\"></span>el Consejo de Administraci\u00f3n, n<span class=\"__1 _6\"></span>o se han </div><div class=\"t_1 m0_1 x59 h8_1 y234 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">producido <span class=\"__1 _c8\"></span>durante <span class=\"__1 _c8\"></span>el <span class=\"__1 _4\"></span>ejercicio <span class=\"__1 _4\"></span>a<span class=\"__1 _6\"></span>l <span class=\"__1 _4\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _4\"></span>se <span class=\"__1 _c8\"></span>refiere <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>presen<span class=\"__1 _6\"></span>te <span class=\"__1 _4\"></span>memoria <span class=\"__1 _c8\"></span>situaciones <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>c<span class=\"__1 _6\"></span>onflicto, <span class=\"__1 _4\"></span>directo <span class=\"__1 _c8\"></span>o </div><div class=\"t_1 m0_1 x59 h8_1 y400 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">indirecto, que <span class=\"__1 _5\"></span>ellos o <span class=\"__1 _5\"></span>personas vinculadas<span class=\"__1 _6\"></span> a <span class=\"__1 _70\"></span>ellos pudieran tener con<span class=\"__1 _6\"></span> el <span class=\"__1 _5\"></span>inter\u00e9s de <span class=\"__1 _5\"></span>la Sociedad conforme a <span class=\"__1 _5\"></span>lo </div><div class=\"t_1 m0_1 x59 h8_1 y401 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">previsto en el art\u00edculo <span class=\"__1 _6\"></span>229 de la Ley d<span class=\"__1 _6\"></span>e Sociedades de Capit<span class=\"__1 _6\"></span>al<span class=\"__1 _6\"></span>. </div><div class=\"t_1 m0_1 x69 h64 y3a0 ff3_1 fs0_1 fc5 sc0_1 ls0_1 ws0_1\">33.2<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Retri<span class=\"__1 _6\"></span>buci\u00f3n de<span class=\"__1 _5\"></span> la Alta Direcci\u00f3n<span class=\"__1 _5\"></span>  </span></span></div><div class=\"t_1 m0_1 x59 h8_1 ydbe ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">\u00danicamente <span class=\"__1 _c8\"> </span>tienen<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c6\"> </span>consideraci\u00f3n <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>alta <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>irecci\u00f3n <span class=\"__1 _c8\"> </span>los <span class=\"__1 _c6\"> </span>directores <span class=\"__1 _c6\"> </span>generales <span class=\"__1 _c8\"> </span>qu<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"> </span>tien<span class=\"__1 _6\"></span>en <span class=\"__1 _c8\"> </span>dependencia </div><div class=\"t_1 m0_1 x59 h8_1 y1219 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">directa del del Pr<span class=\"__1 _6\"></span>esidente y C<span class=\"__1 _6\"></span>onsejero Delegado o d<span class=\"__1 _6\"></span>el Consejo d<span class=\"__1 _6\"></span>e Administraci\u00f3n<span class=\"__1 _6\"></span>, junto a<span class=\"__1 _6\"></span>l director del \u00e1re<span class=\"__1 _6\"></span>a </div><div class=\"t_1 m0_1 x59 h8_1 y3c6 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de <span class=\"__1 _150\"> </span>Aud<span class=\"__1 _6\"></span>itor\u00eda <span class=\"__1 _150\"> </span>In<span class=\"__1 _6\"></span>terna, <span class=\"__1 _cb\"> </span>y <span class=\"__1 _150\"> </span>cu<span class=\"__1 _6\"></span>alquier  otro<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>d<span class=\"__1 _6\"></span>irectivo <span class=\"__1 _150\"> </span>a <span class=\"__1 _cb\"> </span>quien <span class=\"__1 _cb\"> </span>el  Cons<span class=\"__1 _6\"></span>ejo <span class=\"__1 _150\"> </span>de <span class=\"__1 _cb\"> </span>Administraci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>reconozca<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>tal<span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x59 h8_1 y3c7 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">condici\u00f3n. Su d<span class=\"__1 _6\"></span>etalle es el siguiente: <span class=\"__1 _6\"></span> </div></div>(i)<span class=\"ff2_1\"> <span class=\"__1 _178\"> </span></span>Con <span class=\"__1 _6\"></span>efectos <span class=\"__1 _8\"></span>a <span class=\"__1 _6\"></span>partir <span class=\"__1 _6\"></span>del 1 <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>enero <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>2023 <span class=\"__1 _8\"></span>se incorpora <span class=\"__1 _8\"></span>a <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>alta <span class=\"__1 _6\"></span>Direcci\u00f3n <span class=\"__1 _6\"></span>como <span class=\"__1 _8\"></span>D. General <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>Magnon <span class=\"__1 _6\"></span>Green<span class=\"__1 _1bc\"> </span>Energy, <span class=\"__1 _6\"></span>S.L. <span class=\"__1 _8\"></span>(hoding <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>Negocio <span class=\"__1 _8\"></span>Energ\u00eda <span class=\"__1 _6\"></span>de<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>ENCE) <span class=\"__1 _8\"></span>D. <span class=\"__1 _8\"></span>Guillermo <span class=\"__1 _6\"></span>N<span class=\"__1 _6\"></span>egro <span class=\"__1 _6\"></span>Maguregui, <span class=\"__1 _8\"></span>dejando <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>fo<span class=\"__1 _6\"></span>rmar <span class=\"__1 _6\"></span>parte. <span class=\"__1 _8\"></span>D.<span class=\"__1 _1bc\"> </span>Marc G\u00f3mez Ferret.<span class=\"__1 _1bc\"> </span>(ii)   <span class=\"__1 _c5\"> </span>Con <span class=\"__1 _70\"></span>fecha <span class=\"__1 _5\"></span>15 <span class=\"__1 _70\"></span>de mayo <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>2023 D\u00aa <span class=\"__1 _70\"></span>Isabel <span class=\"__1 _70\"></span>Vallejo <span class=\"__1 _70\"></span>de la <span class=\"__1 _70\"></span>Fuente <span class=\"__1 _70\"></span>se ha <span class=\"__1 _70\"></span>incorporado <span class=\"__1 _5\"></span>a <span class=\"__1 _5\"></span>la <span class=\"__1 _70\"></span>alta <span class=\"__1 _5\"></span>Direcci\u00f3n <span class=\"__1 _70\"></span>como D. <span class=\"__1 _70\"></span>General<span class=\"__1 _1bc\"> </span>de Capital Humano en sustituci\u00f3n de D\u00aa Mar\u00eda Jos\u00e9 Zueras Saludas.<span class=\"__1 _1bc\"> </span>Se <span class=\"__1 _c9\"> </span>desglosan <span class=\"__1 _c9\"> </span>a <span class=\"__1 _cd\"> </span>continuaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>las <span class=\"__1 _c9\"> </span>retribuciones<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>y <span class=\"__1 _c9\"> </span>otras <span class=\"__1 _c9\"> </span>p<span class=\"__1 _6\"></span>restaciones <span class=\"__1 _c9\"> </span>a <span class=\"__1 _c9\"> </span>la <span class=\"__1 _cd\"> </span>alta <span class=\"__1 _cd\"> </span>Direc<span class=\"__1 _6\"></span>ci\u00f3n, <span class=\"__1 _c9\"> </span>excluida <span class=\"__1 _c9\"> </span>la<span class=\"__1 _1bc\"> </span>correspondiente al Presid<span class=\"__1 _6\"></span>ente y Cons<span class=\"__1 _6\"></span>ejero Delegado, <span class=\"__1 _6\"></span>durante los ejercicios 20<span class=\"__1 _6\"></span>23 y 2022:<span class=\"__1 _1bc\"> </span>La <span class=\"__1 _6\"></span>Alta <span class=\"__1 _8\"></span>Direcci\u00f3n <span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>eneficiaria <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>un <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>eguro <span class=\"__1 _6\"></span>mixto <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>ahorro <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>vida <span class=\"__1 _6\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>accidente<span class=\"__1 _6\"></span><span class=\"ls17\">. <span class=\"__1 _8\"></span></span>Por <span class=\"__1 _6\"></span>otra <span class=\"__1 _8\"></span>parte, <span class=\"__1 _6\"></span>ENCE<span class=\"__1 _1bc\"> </span>ofrece <span class=\"__1 _c8\"> </span>a <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c6\"> </span>alta <span class=\"__1 _c8\"> </span>direcci\u00f3n <span class=\"__1 _c6\"> </span>distinta<span class=\"__1 _6\"></span>s <span class=\"__1 _c8\"> </span>retrib<span class=\"__1 _6\"></span>uciones <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c8\"> </span>especie; <span class=\"__1 _c6\"> </span>veh\u00edculo <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c6\"> </span>empresa, <span class=\"__1 _c8\"> </span>seg<span class=\"__1 _6\"></span>uro <span class=\"__1 _c6\"> </span>m\u00e9dico, <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c6\"> </span>la<span class=\"__1 _1bc\"> </span>posibilidad d<span class=\"__1 _6\"></span>e realizar anualmente un recono<span class=\"__1 _6\"></span>cimiento m\u00e9dico. De <span class=\"__1 _4\"></span>acuerdo <span class=\"__1 _4\"></span>con <span class=\"__1 _4\"></span>lo <span class=\"__1 _8\"></span>previs<span class=\"__1 _6\"></span>to <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _4\"></span>Plan, <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>julio <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>2022 <span class=\"__1 _8\"></span>procedi\u00f3 <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span><span class=\"ff6\">liquidaci\u00f3n <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>Ciclo <span class=\"__1 _8\"></span>I <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>\u201cPlan <span class=\"__1 _4\"></span>de<span class=\"__1 _1bc\"> </span></span>Incentivos <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>largo<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>plazo <span class=\"__1 _8\"></span>ENCE <span class=\"__1 _8\"></span>Energ\u00eda <span class=\"__1 _8\"></span>y <span class=\"__1 _4\"></span>Ce<span class=\"__1 _5\"></span>lulosa, <span class=\"__1 _8\"></span>S.A. <span class=\"__1 _8\"></span>para <span class=\"__1 _4\"></span>el <span class=\"__1 _6\"></span>periodo <span class=\"__1 _4\"></span><span class=\"ls12\">2019</span>-20<span class=\"__1 _6\"></span>23 <span class=\"__1 _8\"></span>(v\u00e9ase <span class=\"__1 _8\"></span>Nota<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>11). <span class=\"__1 _8\"></span>La <span class=\"__1 _8\"></span>Alta<span class=\"__1 _1bc\"> </span>Direcci\u00f3n percibi\u00f3 en dicha<span class=\"__1 _6\"></span> liquidaci\u00f3n 88 miles \u20ac y<span class=\"__1 _6\"></span> 35.337 acciones d<span class=\"__1 _6\"></span>e ENCE (valorad<span class=\"__1 _6\"></span>as en 111 miles \u20ac).<span class=\"__1 _1bc\"> </span>La Alta <span class=\"__1 _70\"></span><span class=\"ff6\">Direcci\u00f3n es beneficiaria del <span class=\"__1 _70\"></span>Ciclo II <span class=\"__1 _5\"></span>del \u201cPlan <span class=\"__1 _5\"></span>de Incentivos a<span class=\"__1 _5\"></span> largo <span class=\"__1 _70\"></span>plazo<span class=\"__1 _6\"></span> para<span class=\"__1 _5\"></span> el <span class=\"__1 _70\"></span>periodo 2019<span class=\"__1 _6\"></span><span class=\"ff4\">-2023</span>\u201d,<span class=\"__1 _1bc\"> </span></span>del <span class=\"__1 _6\"></span><span class=\"ff6\">\u201cPlan <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>incentivo <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>largo <span class=\"__1 _8\"></span>plazo <span class=\"__1 _6\"></span>para <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>periodo <span class=\"__1 _6\"></span>202<span class=\"__1 _6\"></span></span>3-20<span class=\"__1 _6\"></span>27<span class=\"ff6\">\u201d</span> <span class=\"__1 _6\"></span><span class=\"ff6\">y <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>\u201c</span>Plan <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>inc<span class=\"__1 _6\"></span>entivo <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>largo <span class=\"__1 _6\"></span>plazo <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>ara<span class=\"__1 _1bc\"> </span>el periodo 2021-2025<span class=\"ff6 ls39\">\u201d </span>(v<span class=\"__1 _6\"></span>\u00e9ase Nota 11). La<span class=\"ls0_1\">s <span class=\"__1 _4\"></span>cl\u00e1usulas <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>indemnizaci\u00f3n <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>m<span class=\"__1 _5\"></span>iembros <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>alta <span class=\"__1 _4\"></span>direcci\u00f3n <span class=\"__1 _8\"></span>se <span class=\"__1 _4\"></span>recogen <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>apartado <span class=\"__1 _4\"></span>C.1.39 <span class=\"__1 _8\"></span>el<span class=\"__1 _1bc\"> </span></span>Informe <span class=\"__1 _70\"></span>Anu<span class=\"__1 _6\"></span>al <span class=\"__1 _5\"></span>de <span class=\"__1 _5\"></span>Gobierno <span class=\"__1 _5\"></span>Corporativo que <span class=\"__1 _70\"></span>se incluye <span class=\"__1 _70\"></span>en e<span class=\"__1 _5\"></span>l <span class=\"__1 _5\"></span>Informe <span class=\"__1 _70\"></span>de Gesti\u00f3n <span class=\"__1 _5\"></span>Consolidado que <span class=\"__1 _70\"></span>acompa\u00f1a<span class=\"__1 _1bc\"> </span>las Cuentas An<span class=\"__1 _6\"></span>uales Consolidadas<span class=\"__1 _6\"></span> del Grupo<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span>Nombre <span class=\"__1 _9d\"> </span>Cargo<span class=\"__1 _1bc\"> </span>D.<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>Ignac<span class=\"__1 _70\"></span>i<span class=\"__1 _6\"></span>o de Colmena<span class=\"__1 _5\"></span>res y Brunet<span class=\"__1 _1d\"> </span>Presidente y Conseje<span class=\"__1 _70\"></span>ro <span class=\"__1 _6\"></span>D<span class=\"__1 _5\"></span>ele<span class=\"__1 _70\"></span>gado<span class=\"__1 _1bc\"> </span>D.<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>Alfre<span class=\"__1 _5\"></span>do Av<span class=\"__1 _6\"></span>ello de<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>la Pe\u00f1a<span class=\"__1 _139\"> </span>D. Gene<span class=\"__1 _70\"></span>ral Finanz<span class=\"__1 _6\"></span>as y <span class=\"__1 _6\"></span>De<span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>arrollo Corporativo <span class=\"__1 _6\"></span>y Pat<span class=\"__1 _6\"></span>rimonio <span class=\"__1 _6\"></span>Forestal<span class=\"__1 _1bc\"> </span>D.<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>Jordi Aguil\u00f3 Jubie<span class=\"__1 _70\"></span>rre<span class=\"__1 _18b\"> </span>D<span class=\"__1 _70\"></span>.Gene<span class=\"__1 _5\"></span>ral. de<span class=\"__1 _5\"></span> Ce<span class=\"__1 _5\"></span>lulosa<span class=\"__1 _1bc\"> </span>D.<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>Guillermo Negro Maguregui (i)<span class=\"__1 _ec\"> </span>D<span class=\"__1 _5\"></span>. Ge<span class=\"__1 _5\"></span>nera<span class=\"__1 _5\"></span>l de Magnon Gree<span class=\"__1 _5\"></span>n Ene<span class=\"__1 _5\"></span>rgy, S.L.<span class=\"__1 _1bc\"> </span>D\u00aa R<span class=\"__1 _5\"></span>eye<span class=\"__1 _5\"></span>s Cere<span class=\"__1 _5\"></span>zo Rodr\u00edguez-Se<span class=\"__1 _70\"></span>dano<span class=\"__1 _105\"> </span>Secre<span class=\"__1 _70\"></span>t<span class=\"__1 _6\"></span>aria Gene<span class=\"__1 _70\"></span>ral/<span class=\"__1 _6\"></span>D.<span class=\"__1 _70\"></span>G<span class=\"__1 _6\"></span>ene<span class=\"__1 _70\"></span>ral de Sos<span class=\"__1 _6\"></span>tenibilidad<span class=\"__1 _1bc\"> </span>D\u00aa I<span class=\"__1 _5\"></span>sabel Vallejo de<span class=\"__1 _70\"></span> l<span class=\"__1 _6\"></span>a Fuente<span class=\"__1 _5\"></span> (ii)<span class=\"__1 _19c\"> </span>D.<span class=\"__1 _70\"></span>G<span class=\"__1 _6\"></span>ene<span class=\"__1 _70\"></span>ral Capital H<span class=\"__1 _6\"></span>umano<span class=\"__1 _1bc\"> </span>D.<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>Modesto <span class=\"__1 _6\"></span>Saiz Su\u00e1rez <span class=\"__1 _19d\"> </span>D.<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>Comercia<span class=\"__1 _5\"></span>l y Log\u00eds<span class=\"__1 _6\"></span>tica Celulosa<span class=\"__1 _1bc\"> </span>D.<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>Fernando Gonz\u00e1le<span class=\"__1 _5\"></span>z-Palacios Carbajo<span class=\"__1 _4d\"> </span>D. de<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>Planificac<span class=\"__1 _5\"></span>i\u00f3n y Cont<span class=\"__1 _6\"></span>rol<span class=\"__1 _1bc\"> </span>D.<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>\u00c1ngel J<span class=\"__1 _70\"></span>. M<span class=\"__1 _6\"></span>osquera L\u00f3pe<span class=\"__1 _5\"></span>z-Le<span class=\"__1 _70\"></span>y<span class=\"__1 _6\"></span>ton<span class=\"__1 _105\"> </span>D. de<span class=\"__1 _70\"></span> A<span class=\"__1 _6\"></span>uditor\u00eda Interna<span class=\"__1 _1bc\"> </span>Miles \u20ac<span class=\"__1 _17\"> </span><span class=\"ff3_1 lsaf\">2023<span class=\"__1 _103\"> </span>2022<span class=\"__1 _1bc\"> </span></span>Retri<span class=\"__1 _6\"></span>bu<span class=\"__1 _6\"></span>ci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>fija<span class=\"__1 _140\"> </span>1.9<span class=\"__1 _5\"></span>31<span class=\"__1 _67\"> </span>1.843<span class=\"__1 _1bc\"> </span>Retri<span class=\"__1 _6\"></span>bu<span class=\"__1 _6\"></span>ci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>vari<span class=\"__1 _6\"></span>ab<span class=\"__1 _6\"></span>le<span class=\"__1 _84\"> </span>1.126<span class=\"__1 _67\"> </span>1.169<span class=\"__1 _1bc\"> </span>Sisten<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>s d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>ah<span class=\"__1 _6\"></span>orro<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>(Nota<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>3.14)<span class=\"__1 _87\"> </span><span class=\"lsaf\">102<span class=\"__1 _1f\"> </span>92<span class=\"__1 _1bc\"> </span></span>Retri<span class=\"__1 _6\"></span>bu<span class=\"__1 _6\"></span>ci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>especie <span class=\"__1 _6\"></span>y o<span class=\"__1 _6\"></span>tro<span class=\"__1 _6\"></span>s<span class=\"__1 _e8\"> </span><span class=\"lsaf\">129<span class=\"__1 _f5\"> </span>100<span class=\"__1 _1bc\"> </span></span>3.2<span class=\"__1 _5\"></span>88<span class=\"__1 _67\"> </span>3.204<span class=\"__1 _1bc\"> </span>ILP<span class=\"__1 _5\"></span> 2019-20<span class=\"__1 _5\"></span>23 (Not<span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>11.2)<span class=\"__1 _19e\"> </span>-<span class=\"__1 _41\"> </span><span class=\"lsaf\">196<span class=\"__1 _1bc\"> </span></span>Ind<span class=\"__1 _6\"></span>emni<span class=\"__1 _6\"></span>za<span class=\"__1 _6\"></span>cion<span class=\"__1 _6\"></span>es<span class=\"__1 _114\"> </span>-<span class=\"__1 _f5\"> </span><span class=\"lsaf\">654<span class=\"__1 _1bc\"> </span></span>3.2<span class=\"__1 _5\"></span>88<span class=\"__1 _67\"> </span>4.054",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-564": {
   "value": "11.2<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Plan de retribuci\u00f3n a largo<span class=\"__1 _5\"></span> plazo </span></span>En <span class=\"__1 _c6\"> </span>la  determinaci\u00f3n <span class=\"__1 _c6\"> </span>del <span class=\"__1 _c6\"> </span>importe  devengado <span class=\"__1 _c6\"> </span>por <span class=\"__1 _c6\"> </span>esto<span class=\"__1 _6\"></span>s <span class=\"__1 _c6\"> </span>compromisos  se <span class=\"__1 _c8\"> </span>realizan<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>estimaciones  que <span class=\"__1 _c8\"> </span>s<span class=\"__1 _6\"></span>on revisadas <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>cad<span class=\"__1 _6\"></span>a <span class=\"__1 _4\"></span>cierre <span class=\"__1 _4\"></span>contable, <span class=\"__1 _4\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>impacto <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>las <span class=\"__1 _4\"></span>v<span class=\"__1 _6\"></span>ariaciones <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>registra <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>Esta<span class=\"__1 _6\"></span>do <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>Resulta<span class=\"__1 _6\"></span>do consolidado d<span class=\"__1 _6\"></span>e forma prosp<span class=\"__1 _6\"></span>ectiva.  Plan de inc<span class=\"__1 _6\"></span>entivo a largo plazo pa<span class=\"__1 _6\"></span>ra el periodo 2023<span class=\"__1 _6\"></span>-<span class=\"ls12\">2027</span> <span class=\"ls43\">/ </span>ENCE Celulosa y <span class=\"__1 _6\"></span>Corporativo El <span class=\"__1 _6\"></span>5 <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>mayo <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>2023 <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>Ju<span class=\"__1 _6\"></span>nta <span class=\"__1 _6\"></span>General <span class=\"__1 _6\"></span>Ordinaria <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>Accionistas<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>Sociedad <span class=\"__1 _6\"></span>Domin<span class=\"__1 _6\"></span>ante <span class=\"__1 _6\"></span><span class=\"ff6\">aprob\u00f3<span class=\"__1 _6\"></span> el <span class=\"__1 _6\"></span>\u201cPlan<span class=\"__1 _6\"></span> </span>de incentivo<span class=\"__1 _6\"></span> a <span class=\"__1 _6\"></span>largo <span class=\"__1 _6\"></span>plazo <span class=\"__1 _6\"></span>2023-<span class=\"ff6\">202<span class=\"__1 _6\"></span>7\u201d</span> dirigido <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>directivos,<span class=\"__1 _6\"></span> in<span class=\"__1 _6\"></span>cluido el <span class=\"__1 _6\"></span>Presidente <span class=\"__1 _6\"></span>y Con<span class=\"__1 _6\"></span>sejero <span class=\"__1 _6\"></span>Delegado d<span class=\"__1 _6\"></span>e la <span class=\"__1 _c8\"></span>Sociedad, <span class=\"__1 _c8\"></span>y <span class=\"__1 _4\"></span>o<span class=\"__1 _6\"></span>tros <span class=\"__1 _4\"></span>emplead<span class=\"__1 _6\"></span>os <span class=\"__1 _c8\"> </span>del <span class=\"__1 _c8\"></span>Grupo <span class=\"__1 _c8\"></span>Ence <span class=\"__1 _c8\"></span>(el <span class=\"__1 _4\"></span>\u201cPlan\u201d).<span class=\"__1 _6\"></span><span class=\"ff4\"> <span class=\"__1 _c8\"> </span>El <span class=\"__1 _c8\"> </span>Plan <span class=\"__1 _c8\"> </span>permite <span class=\"__1 _c8\"></span>a <span class=\"__1 _c8\"></span>sus <span class=\"__1 _c8\"></span>beneficiarios <span class=\"__1 _4\"></span>p<span class=\"__1 _6\"></span>ercibir, </span>transcurrido un determinado p<span class=\"__1 _6\"></span>eriodo de tiempo, un incentivo pagadero <span class=\"__1 _6\"></span>en acciones de En<span class=\"__1 _6\"></span>ce y en me<span class=\"__1 _5\"></span>t\u00e1lico, siempre <span class=\"__1 _4\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>cu<span class=\"__1 _6\"></span>mplan <span class=\"__1 _c8\"></span>determinados <span class=\"__1 _c8\"></span>objetivos <span class=\"__1 _c8\"> </span>plurianuales <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"></span>la <span class=\"__1 _4\"></span>Sociedad<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>y <span class=\"__1 _c8\"> </span>se <span class=\"__1 _c8\"></span>re\u00fanan <span class=\"__1 _c8\"></span>los <span class=\"__1 _4\"></span>requis<span class=\"__1 _6\"></span>itos previstos p<span class=\"__1 _6\"></span>ara ello en el Reglamento del Plan.<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span> Inicialmente <span class=\"__1 _8\"></span>son <span class=\"__1 _8\"></span>potenciales <span class=\"__1 _8\"></span>beneficiarios<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>del <span class=\"__1 _6\"></span>Plan <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>Incen<span class=\"__1 _6\"></span>tivo <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>pri<span class=\"__1 _6\"></span>ncipales <span class=\"__1 _8\"></span>directivos <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>Sociedad<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>y<span class=\"__1 _6\"></span> otro <span class=\"__1 _c8\"> </span>personal <span class=\"__1 _c8\"> </span>clave <span class=\"__1 _c8\"> </span>q<span class=\"__1 _6\"></span>ue, <span class=\"__1 _c8\"></span>bien <span class=\"__1 _c8\"></span>por <span class=\"__1 _c8\"></span>sus <span class=\"__1 _c8\"> </span>responsabilidad<span class=\"__1 _6\"></span>es <span class=\"__1 _4\"></span>o <span class=\"__1 _c8\"> </span>p<span class=\"__1 _6\"></span>or <span class=\"__1 _c8\"></span>su <span class=\"__1 _c8\"></span>perfil, <span class=\"__1 _c8\"></span>tengan <span class=\"__1 _c8\"> </span>capacidad <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"></span>influir <span class=\"__1 _c8\"></span>de manera <span class=\"__1 _5\"></span>directa sobre <span class=\"__1 _70\"></span>el \u00e9xito <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>planes e<span class=\"__1 _5\"></span>strat\u00e9gicos.<span class=\"__1 _6\"></span> El <span class=\"__1 _70\"></span>Plan tiene <span class=\"__1 _70\"></span>un<span class=\"__1 _6\"></span>a <span class=\"__1 _5\"></span>duraci\u00f3n de <span class=\"__1 _70\"></span>5 <span class=\"__1 _5\"></span>a\u00f1os<span class=\"__1 _6\"></span>, <span class=\"__1 _5\"></span>esto <span class=\"__1 _5\"></span>es, <span class=\"__1 _5\"></span>desde el 1/1/<span class=\"__1 _6\"></span>2023 h<span class=\"__1 _6\"></span>asta <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>31/12/2027 <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>e d<span class=\"__1 _6\"></span>ivide <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>3 <span class=\"__1 _6\"></span>ciclos <span class=\"__1 _6\"></span>an<span class=\"__1 _6\"></span>uales <span class=\"__1 _6\"></span>solapad<span class=\"__1 _6\"></span>os d<span class=\"__1 _6\"></span>e 3 <span class=\"__1 _6\"></span>a\u00f1o<span class=\"__1 _6\"></span>s <span class=\"__1 _6\"></span>de du<span class=\"__1 _6\"></span>raci\u00f3n <span class=\"__1 _6\"></span>cada <span class=\"__1 _6\"></span>uno de <span class=\"__1 _6\"></span>ellos, <span class=\"__1 _8\"></span>independientes <span class=\"__1 _8\"></span>entre <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>\u00ed, <span class=\"__1 _8\"></span>que <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>iquidar\u00e1n <span class=\"__1 _8\"></span>dentro <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>los <span class=\"__1 _6\"></span>90 <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>\u00edas <span class=\"__1 _6\"></span>siguient<span class=\"__1 _6\"></span>es <span class=\"__1 _8\"></span>al <span class=\"__1 _6\"></span>\u00faltimo <span class=\"__1 _8\"></span>a\u00f1o <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>cada ciclo<span class=\"ls17\">. <span class=\"ls0_1\"> </span></span>El <span class=\"__1 _6\"></span>incentivo<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>cada <span class=\"__1 _6\"></span>ciclo <span class=\"__1 _8\"></span>estar\u00e1 <span class=\"__1 _6\"></span>cond<span class=\"__1 _6\"></span>icionad<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>cu<span class=\"__1 _6\"></span>mplimiento <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>eterminados <span class=\"__1 _8\"></span>objetivos <span class=\"__1 _6\"></span>finan<span class=\"__1 _6\"></span>cieros, <span class=\"__1 _6\"></span>no financieros  y  de  creaci\u00f3n  de <span class=\"__1 _c6\"> </span>v<span class=\"__1 _6\"></span>alor  para  el  accionista,  aprobados  por  el  Consejo  de <span class=\"__1 _c6\"> </span>Administra<span class=\"__1 _6\"></span>ci\u00f3n  a propuesta d<span class=\"__1 _6\"></span>e la Comisi\u00f3n de Nombramientos<span class=\"__1 _6\"></span> y Retribuciones. <span class=\"__1 _8\"></span> Son <span class=\"__1 _8\"></span>requisitos <span class=\"__1 _8\"></span>para <span class=\"__1 _6\"></span>su <span class=\"__1 _8\"></span>devengo<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>alcanzar <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>grado <span class=\"__1 _6\"></span>m\u00ednim<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>con<span class=\"__1 _6\"></span>secuci\u00f3n <span class=\"__1 _8\"></span>conforme <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>criterios <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>los que <span class=\"__1 _8\"></span>vienen <span class=\"__1 _8\"></span>referenciad<span class=\"__1 _6\"></span>os <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>dis<span class=\"__1 _6\"></span>tintos <span class=\"__1 _8\"></span>objetiv<span class=\"__1 _6\"></span>os, <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>beneficiario <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>hall<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>situaci<span class=\"__1 _6\"></span>\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>prestaci\u00f3n<span class=\"__1 _6\"></span> efectiva <span class=\"__1 _cb\"> </span>de <span class=\"__1 _cb\"> </span>servicios <span class=\"__1 _cb\"> </span>para <span class=\"__1 _cb\"> </span>ENCE <span class=\"__1 _cb\"> </span>en  la <span class=\"__1 _cb\"> </span>correspo<span class=\"__1 _6\"></span>ndiente <span class=\"__1 _cb\"> </span>fecha  d<span class=\"__1 _6\"></span>e <span class=\"__1 _cb\"> </span>con<span class=\"__1 _6\"></span>solidaci\u00f3n <span class=\"__1 _cb\"> </span>del <span class=\"__1 _cb\"> </span>derecho, <span class=\"__1 _cb\"> </span>con <span class=\"__1 _cb\"> </span>las salvedades h<span class=\"__1 _6\"></span>abituales para este tipo de in<span class=\"__1 _6\"></span>centivos.<span class=\"__1 _6\"></span> El <span class=\"__1 _6\"></span>ciclo <span class=\"__1 _6\"></span>I <span class=\"__1 _6\"></span>del Plan <span class=\"__1 _6\"></span>representa <span class=\"__1 _6\"></span>un <span class=\"__1 _6\"></span>60% <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>incentivo <span class=\"__1 _6\"></span>tota<span class=\"__1 _6\"></span>l y <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>ciclos <span class=\"__1 _6\"></span>II <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>III <span class=\"__1 _6\"></span>representan <span class=\"__1 _6\"></span>un <span class=\"__1 _6\"></span>20% cada <span class=\"__1 _8\"></span>uno <span class=\"__1 _6\"></span>del incentivo total.<span class=\"__1 _6\"></span> El <span class=\"__1 _6\"></span>incentivo <span class=\"__1 _6\"></span>considerado <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>este <span class=\"__1 _6\"></span>Plan <span class=\"__1 _6\"></span>consiste <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>un <span class=\"__1 _6\"></span>% <span class=\"__1 _6\"></span>de la <span class=\"__1 _6\"></span>retribuci\u00f3n<span class=\"__1 _6\"></span> fija <span class=\"__1 _6\"></span>media <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>periodo <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>abarca cada <span class=\"__1 _6\"></span>ciclo <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>funci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>ca<span class=\"__1 _6\"></span>tegor\u00eda <span class=\"__1 _6\"></span>prof<span class=\"__1 _6\"></span>esional <span class=\"__1 _6\"></span>del <span class=\"__1 _8\"></span>beneficiario, <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>se <span class=\"__1 _6\"></span>liqu<span class=\"__1 _6\"></span>ida <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>un <span class=\"__1 _6\"></span>70% <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>accion<span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>un 30% <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>efectivo, <span class=\"__1 _8\"></span>excepto <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>miembros <span class=\"__1 _8\"></span>del<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>Comit\u00e9 <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>Direcci\u00f3n <span class=\"__1 _8\"></span>cuy<span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>liquidaci\u00f3n <span class=\"__1 _8\"></span>es <span class=\"__1 _8\"></span>100% <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>acciones<span class=\"__1 _6\"></span>. <span class=\"__1 _8\"></span>El Presidente y <span class=\"__1 _70\"></span>Con<span class=\"__1 _6\"></span>sejero Delegado <span class=\"ls16\">y <span class=\"__1 _5\"></span><span class=\"ls0_1\">el <span class=\"__1 _5\"></span>resto de <span class=\"__1 _70\"></span>los miembros del <span class=\"__1 _70\"></span>Comit\u00e9 de <span class=\"__1 _5\"></span>Direcci\u00f3n asumen <span class=\"__1 _5\"></span>determinados </span></span>compromisos de mantenim<span class=\"__1 _6\"></span>iento de las<span class=\"__1 _6\"></span> acciones recibidas<span class=\"__1 _6\"></span>.  El <span class=\"__1 _6\"></span>n\u00famero <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>acciones <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>entregar <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>determinar\u00e1 <span class=\"__1 _6\"></span>cons<span class=\"__1 _6\"></span>iderando <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>precio <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>referencia <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>acci\u00f3n <span class=\"__1 _6\"></span>de ENCE <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>cotizaci\u00f3n <span class=\"__1 _6\"></span>media <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>20 <span class=\"__1 _6\"></span>d\u00edas <span class=\"__1 _6\"></span>anteriores <span class=\"__1 _6\"></span>y p<span class=\"__1 _6\"></span>osteriores <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>31 <span class=\"__1 _6\"></span>de diciembre <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>cad<span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>inicio <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>ciclo. El precio de referencia a cons<span class=\"__1 _6\"></span>iderar en el ciclo I <span class=\"__1 _6\"></span>es de 3,2<span class=\"__1 _6\"></span>4 <span class=\"ff6\">\u20ac/acci\u00f3n<span class=\"__1 _6\"></span>.</span> El colectivo del plan<span class=\"__1 _6\"></span> al 31 de diciembre de 2023 lo forman<span class=\"__1 _6\"></span> 83 personas integradas<span class=\"__1 _6\"></span> en ENCE <span class=\"__1 _6\"></span>Celulosa y en el Corporativo, <span class=\"__1 _5\"></span>y <span class=\"__1 _70\"></span>el <span class=\"__1 _70\"></span>coste <span class=\"__1 _70\"></span>m\u00e1xi<span class=\"__1 _6\"></span>mo <span class=\"__1 _70\"></span>previsto <span class=\"__1 _5\"></span>del <span class=\"__1 _70\"></span>Ciclo <span class=\"__1 _70\"></span>I <span class=\"__1 _70\"></span>con<span class=\"__1 _6\"></span>siderando <span class=\"__1 _70\"></span>un<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>grado <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>consecuci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>del <span class=\"__1 _70\"></span>100% <span class=\"__1 _70\"></span>as<span class=\"__1 _6\"></span>ciende a 11.033 miles \u20ac.<span class=\"__1 _1bc\"> </span><span class=\"ff4\"> </span><span class=\"ff4\"><span class=\"__1 _6\"></span> </span>El <span class=\"__1 _8\"></span>gasto<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>/ <span class=\"__1 _4\"></span>(ingreso) <span class=\"__1 _8\"></span>devengado<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>por <span class=\"__1 _4\"></span>este <span class=\"__1 _8\"></span>concepto <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>ejercicio <span class=\"__1 _8\"></span>2023, <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>cual <span class=\"__1 _4\"></span>se <span class=\"__1 _8\"></span>detalla <span class=\"__1 _4\"></span>atendiendo <span class=\"__1 _8\"></span>a <span class=\"__1 _4\"></span>su<span class=\"__1 _1bc\"> </span>contrapartida<span class=\"__1 _6\"></span>, es el siguiente:<span class=\"__1 _1bc\"> </span>Plan de ince<span class=\"__1 _6\"></span>ntivo a largo plazo para e<span class=\"__1 _6\"></span>l periodo 2019<span class=\"__1 _6\"></span>-<span class=\"ls12\">2023 <span class=\"ls43\">/ </span></span>ENCE Celulosa y <span class=\"__1 _6\"></span>Corporativo<span class=\"__1 _1bc\"> </span>El 28 <span class=\"__1 _6\"></span>de marzo <span class=\"__1 _6\"></span>de 2019 <span class=\"__1 _6\"></span>la Ju<span class=\"__1 _6\"></span>nta General de <span class=\"__1 _8\"></span><span class=\"ff6\">Accionistas <span class=\"__1 _6\"></span>de ENCE<span class=\"__1 _6\"></span> aprob<span class=\"__1 _6\"></span>\u00f3 el \u201c<span class=\"__1 _6\"></span>Plan de In<span class=\"__1 _6\"></span>centivo a <span class=\"__1 _6\"></span>largo <span class=\"__1 _6\"></span>plazo<span class=\"__1 _1bc\"> </span></span>para <span class=\"__1 _8\"></span>el <span class=\"__1 _4\"></span>periodo <span class=\"__1 _8\"></span>2019-<span class=\"ff6\">2023\u201d</span>, <span class=\"__1 _8\"></span>como <span class=\"__1 _4\"></span>plan <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>re<span class=\"__1 _5\"></span>tribuci\u00f3n <span class=\"__1 _8\"></span>dineraria <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>entrega <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>acciones <span class=\"__1 _6\"></span>de <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>Sociedad <span class=\"__1 _8\"></span>de<span class=\"__1 _1bc\"> </span>car\u00e1cter plurianual<span class=\"__1 _6\"></span>, con el <span class=\"__1 _6\"></span>objetivo de inc<span class=\"__1 _6\"></span>entivar el r<span class=\"__1 _6\"></span>endimiento profesion<span class=\"__1 _6\"></span>al del equipo d<span class=\"__1 _8\"></span>irectivo y re<span class=\"__1 _6\"></span>forzar<span class=\"__1 _1bc\"> </span>su <span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>rientaci\u00f3n <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>consecuci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>los <span class=\"__1 _8\"></span>objetivos <span class=\"__1 _8\"></span>definidos <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>n <span class=\"__1 _8\"></span>el <span class=\"__1 _4\"></span>Plan <span class=\"__1 _8\"></span>estrat\u00e9gico <span class=\"__1 _8\"></span>2019<span class=\"__1 _8\"></span>-2023, <span class=\"__1 _4\"></span>promover <span class=\"__1 _8\"></span>la<span class=\"__1 _1bc\"> </span>sostenibilidad<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _4\"></span>Grup<span class=\"__1 _6\"></span>o <span class=\"__1 _c8\"></span>para <span class=\"__1 _c8\"></span>la <span class=\"__1 _4\"></span>creaci\u00f3n <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>v<span class=\"__1 _6\"></span>alor <span class=\"__1 _c8\"></span>a <span class=\"__1 _c8\"></span>largo <span class=\"__1 _c8\"></span>plazo, <span class=\"__1 _c8\"></span>y <span class=\"__1 _c8\"></span>comprometer <span class=\"__1 _c8\"></span>a <span class=\"__1 _c8\"></span>la <span class=\"__1 _c8\"></span>direcci\u00f3n <span class=\"__1 _4\"></span>con<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>los<span class=\"__1 _1bc\"> </span>intereses de los accion<span class=\"__1 _6\"></span>istas<span class=\"__1 _6\"></span> y la mejora del clima organizaci<span class=\"__1 _6\"></span>onal.<span class=\"__1 _1bc\"> </span>Se <span class=\"__1 _8\"></span>tra<span class=\"__1 _6\"></span>ta <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>un <span class=\"__1 _4\"></span>Plan <span class=\"__1 _8\"></span>a <span class=\"__1 _4\"></span>cinco <span class=\"__1 _8\"></span>a\u00f1os, <span class=\"__1 _4\"></span>alineado <span class=\"__1 _4\"></span>al <span class=\"__1 _8\"></span>plazo <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>duraci\u00f3n <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>Plan <span class=\"__1 _4\"></span>Estrat\u00e9gico, <span class=\"__1 _4\"></span>com<span class=\"__1 _5\"></span>puesto <span class=\"__1 _4\"></span>por <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>ciclos. <span class=\"__1 _6\"></span>El <span class=\"__1 _8\"></span>Ciclo <span class=\"__1 _6\"></span>I <span class=\"__1 _6\"></span>tiene <span class=\"__1 _8\"></span>una <span class=\"__1 _6\"></span>duraci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>tres <span class=\"__1 _6\"></span>a\u00f1os, <span class=\"__1 _6\"></span>desde <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>1 <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>enero <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>2019 <span class=\"__1 _6\"></span>hasta <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>31 <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>diciembre <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span>2021 <span class=\"ls0_1\">y el Ciclo II d<span class=\"__1 _6\"></span>e cinco a\u00f1os, d<span class=\"__1 _6\"></span>esde el 1 de enero de 2019 h<span class=\"__1 _6\"></span>asta el 31 de diciembr<span class=\"__1 _6\"></span>e de 2023.<span class=\"__1 _1bc\"> </span></span>El <span class=\"__1 _6\"></span>incentivo <span class=\"__1 _6\"></span>considerado <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>este <span class=\"__1 _6\"></span>Plan <span class=\"__1 _6\"></span>consiste <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>un <span class=\"__1 _6\"></span>% <span class=\"__1 _6\"></span>de la <span class=\"__1 _6\"></span>retribuci\u00f3n<span class=\"__1 _6\"></span> fija <span class=\"__1 _6\"></span>media <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>periodo <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>abarca<span class=\"__1 _1bc\"> </span>cada <span class=\"__1 _8\"></span>ciclo, <span class=\"__1 _6\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _6\"></span>os<span class=\"__1 _6\"></span>cila <span class=\"__1 _6\"></span>entre <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>85% <span class=\"__1 _6\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>500%, <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>funci\u00f3n <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>categor\u00eda <span class=\"__1 _8\"></span>prof<span class=\"__1 _6\"></span>esional <span class=\"__1 _8\"></span>del <span class=\"__1 _6\"></span>beneficiar<span class=\"__1 _6\"></span>io, <span class=\"__1 _8\"></span>y <span class=\"__1 _6\"></span>su<span class=\"__1 _1bc\"> </span>consecuci\u00f3n est\u00e1 v<span class=\"__1 _6\"></span>inculada a cuatro<span class=\"__1 _6\"></span> objetivos<span class=\"__1 _6\"></span> relacionados con los resu<span class=\"__1 _6\"></span>ltados econ\u00f3micos alcanza<span class=\"__1 _6\"></span>dos, con<span class=\"__1 _1bc\"> </span>la sostenibilidad<span class=\"__1 _6\"></span>, el clima organizacional y<span class=\"__1 _6\"></span> la cotizaci\u00f3n d<span class=\"__1 _6\"></span>e la acci\u00f3n de ENCE.<span class=\"__1 _1bc\"> </span>El importe <span class=\"__1 _6\"></span>del incen<span class=\"__1 _6\"></span>tivo s<span class=\"__1 _6\"></span>e liquida <span class=\"__1 _6\"></span>en u<span class=\"__1 _6\"></span>n 30% <span class=\"__1 _6\"></span>en met\u00e1lico y<span class=\"__1 _6\"></span> en <span class=\"__1 _6\"></span>un 70% <span class=\"__1 _6\"></span>mediante la <span class=\"__1 _6\"></span>entrega <span class=\"__1 _6\"></span>de acciones<span class=\"__1 _6\"></span> de<span class=\"__1 _1bc\"> </span>ENCE. <span class=\"__1 _4\"></span>E<span class=\"__1 _6\"></span>l <span class=\"__1 _4\"></span>n\u00famero <span class=\"__1 _4\"></span>de <span class=\"__1 _c8\"></span>acciones <span class=\"__1 _c8\"></span>a <span class=\"__1 _4\"></span>entregar <span class=\"__1 _c8\"></span>se <span class=\"__1 _4\"></span>determinar\u00e1 <span class=\"__1 _c8\"></span>considerand<span class=\"__1 _6\"></span>o <span class=\"__1 _4\"></span>como <span class=\"__1 _c8\"></span>precio <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>referencia <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>la<span class=\"__1 _1bc\"> </span>acci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>ENCE <span class=\"__1 _6\"></span>5,8031 <span class=\"__1 _6\"></span>\u20ac/acci\u00f3n <span class=\"__1 _6\"></span>(cotiz<span class=\"__1 _6\"></span>aci\u00f3n <span class=\"__1 _6\"></span>media <span class=\"__1 _6\"></span>teniendo <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>cuenta <span class=\"__1 _6\"></span>los<span class=\"__1 _8\"></span><span class=\"ff4\"> 20 <span class=\"__1 _6\"></span>d\u00edas <span class=\"__1 _6\"></span>anteriores <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>posteriores<span class=\"__1 _1bc\"> </span></span>al <span class=\"__1 _6\"></span>31 <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>diciembre<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>018). <span class=\"__1 _4\"></span>El <span class=\"__1 _6\"></span>Presidente <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>Consejero <span class=\"__1 _8\"></span>Delegado <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>resto <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>miembros <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>Comit\u00e9 <span class=\"__1 _8\"></span>de<span class=\"__1 _1bc\"> </span>Direcci\u00f3n asumen d<span class=\"__1 _6\"></span>eterminados compro<span class=\"__1 _6\"></span>misos de mantenimiento d<span class=\"__1 _6\"></span>e las acciones recibid<span class=\"__1 _6\"></span>as<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _c8\"> </span>colectivo <span class=\"__1 _c6\"> </span>del <span class=\"__1 _c6\"> </span>plan <span class=\"__1 _c8\"> </span>al <span class=\"__1 _c6\"> </span>31 <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>diciembre <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>2023 <span class=\"__1 _c8\"> </span>lo <span class=\"__1 _c6\"> </span>forman<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>65 <span class=\"__1 _c6\"> </span>personas <span class=\"__1 _c6\"> </span>integradas <span class=\"__1 _c8\"> </span>en  ENCE <span class=\"__1 _c8\"> </span>Celulosa.<span class=\"__1 _1bc\"> </span>Considerando el grad<span class=\"__1 _6\"></span>o de consecuci\u00f3n de los<span class=\"__1 _6\"></span> objetivos previstos en el Ciclo II de este Plan de Retribu<span class=\"__1 _6\"></span>ci\u00f3n y<span class=\"__1 _1bc\"> </span>asumiendo que e<span class=\"__1 _5\"></span>l colectivo vigente <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>e mantendr\u00e1 hasta la fecha <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _5\"></span>liquidaci\u00f3<span class=\"__1 _6\"></span>n, el <span class=\"__1 _70\"></span>coste<span class=\"__1 _6\"></span> previsto del <span class=\"__1 _70\"></span>mis<span class=\"__1 _6\"></span>mo<span class=\"__1 _1bc\"> </span>se estima en 0,8 <span class=\"ff6\">millon<span class=\"__1 _6\"></span>es \u20ac (aproximadamente un<span class=\"__1 _6\"></span> 55% corres<span class=\"__1 _6\"></span>ponder\u00eda a la Alta Direcci\u00f3n<span class=\"__1 _6\"></span>).<span class=\"__1 _6\"></span></span> El <span class=\"__1 _6\"></span>gasto <span class=\"__1 _6\"></span>/ <span class=\"__1 _6\"></span>(ingreso) <span class=\"__1 _6\"></span>devengado <span class=\"__1 _6\"></span>por <span class=\"__1 _6\"></span>este con<span class=\"__1 _6\"></span>cepto <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>los ejercicios <span class=\"__1 _6\"></span>202<span class=\"__1 _6\"></span>3 <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>2022, <span class=\"__1 _6\"></span>detallado <span class=\"__1 _8\"></span>considerando <span class=\"__1 _6\"></span>su<span class=\"__1 _1bc\"> </span>contrapartida <span class=\"__1 _6\"></span>es el siguiente:<span class=\"__1 _1bc\"> </span>De <span class=\"__1 _6\"></span>acuerdo <span class=\"__1 _8\"></span>con <span class=\"__1 _6\"></span>lo <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>revisto <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>Plan, <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>julio <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>2022 <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>e p<span class=\"__1 _6\"></span>rocedi\u00f3 <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>liquidaci\u00f3n <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>el Ciclo <span class=\"__1 _8\"></span>I <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>\u201cPlan <span class=\"__1 _8\"></span>de<span class=\"__1 _1bc\"> </span>Incentivos  a <span class=\"__1 _c8\"> </span>largo <span class=\"__1 _c6\"> </span>p<span class=\"__1 _6\"></span>lazo <span class=\"__1 _c6\"> </span>ENCE <span class=\"__1 _ca\"> </span>Energ\u00eda <span class=\"__1 _c6\"> </span>y <span class=\"__1 _ca\"> </span>Celulosa, <span class=\"__1 _c6\"> </span>S.A.  pa<span class=\"__1 _5\"></span>ra <span class=\"__1 _c6\"> </span>el <span class=\"__1 _ca\"> </span>periodo <span class=\"__1 _c6\"> </span>2019<span class=\"__1 _6\"></span>-20<span class=\"__1 _6\"></span>23, <span class=\"__1 _c6\"> </span>lo <span class=\"__1 _ca\"> </span>que <span class=\"__1 _c6\"> </span>su<span class=\"__1 _6\"></span>puesto <span class=\"__1 _ca\"> </span>la<span class=\"__1 _1bc\"> </span>liquidaci\u00f3n de 279 mil<span class=\"__1 _6\"></span>es \u20ac y 111.983 accion<span class=\"__1 _6\"></span>es de ENCE.<span class=\"__1 _1bc\"> </span>M<span class=\"__1 _70\"></span>i<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>s \u20ac<span class=\"__1 _1bc\"> </span>2023<span class=\"__1 _1bc\"> </span>Otros <span class=\"__1 _70\"></span>i<span class=\"__1 _8\"></span>nstrumentos<span class=\"__1 _6\"></span> de patr<span class=\"__1 _70\"></span>i<span class=\"__1 _6\"></span>mon<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>o neto (N<span class=\"__1 _6\"></span>ota 2<span class=\"__1 _70\"></span>0<span class=\"__1 _70\"></span>.<span class=\"__1 _6\"></span>7<span class=\"__1 _70\"></span>)<span class=\"__1 _ec\"> </span>1<span class=\"__1 _70\"></span>.<span class=\"__1 _6\"></span>2<span class=\"__1 _5\"></span>0<span class=\"__1 _70\"></span>5<span class=\"__1 _1bc\"> </span>Provi<span class=\"__1 _6\"></span>si<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>ne<span class=\"__1 _6\"></span>s a <span class=\"__1 _70\"></span>l<span class=\"__1 _6\"></span>argo <span class=\"__1 _70\"></span>y<span class=\"__1 _6\"></span> c<span class=\"__1 _70\"></span>orto plazo (No<span class=\"__1 _6\"></span>ta <span class=\"__1 _70\"></span>31<span class=\"__1 _70\"></span>)<span class=\"__1 _140\"> </span><span class=\"ls44\">230<span class=\"__1 _1bc\"> </span></span>1<span class=\"__1 _70\"></span>.43<span class=\"__1 _70\"></span>5<span class=\"__1 _1bc\"> </span>M<span class=\"__1 _70\"></span>i<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>s \u20ac<span class=\"__1 _1bc\"> </span>2023<span class=\"__1 _29\"> </span>2022<span class=\"__1 _1bc\"> </span>Otros <span class=\"__1 _70\"></span>i<span class=\"__1 _6\"></span>ns<span class=\"__1 _6\"></span>trumentos de pa<span class=\"__1 _5\"></span>trimoni<span class=\"__1 _6\"></span>o neto (N<span class=\"__1 _6\"></span>ota <span class=\"__1 _70\"></span>20<span class=\"__1 _70\"></span>.7<span class=\"__1 _70\"></span>)<span class=\"__1 _85\"> </span>(2<span class=\"__1 _5\"></span>4<span class=\"__1 _70\"></span>4<span class=\"__1 _5\"></span>)<span class=\"__1 _6d\"> </span><span class=\"ls45\">38<span class=\"__1 _1bc\"> </span></span>Provi<span class=\"__1 _6\"></span>si<span class=\"__1 _6\"></span>one<span class=\"__1 _6\"></span>s a <span class=\"__1 _70\"></span>l<span class=\"__1 _6\"></span>argo <span class=\"__1 _70\"></span>y c<span class=\"__1 _5\"></span>orto <span class=\"__1 _70\"></span>pl<span class=\"__1 _6\"></span>azo (Nota <span class=\"__1 _5\"></span>3<span class=\"__1 _70\"></span>1)<span class=\"__1 _130\"> </span>(10<span class=\"__1 _70\"></span>5<span class=\"__1 _70\"></span>)<span class=\"__1 _6d\"> </span><span class=\"ls45\">19<span class=\"__1 _1bc\"> </span></span>(3<span class=\"__1 _5\"></span>4<span class=\"__1 _70\"></span>9)<span class=\"__1 _a0\"> </span><span class=\"ls45\">57<span class=\"__1 _1bc\"> </span></span>Plan de ince<span class=\"__1 _6\"></span>ntivo a largo plazo para e<span class=\"__1 _6\"></span>l periodo 2021<span class=\"__1 _6\"></span>-<span class=\"ls12\">2025 </span>/ Magn<span class=\"__1 _6\"></span>on Green Energy<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> El <span class=\"__1 _4\"></span>colectivo <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>lan <span class=\"__1 _4\"></span>al <span class=\"__1 _4\"></span>31 <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>diciembre <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>2023 <span class=\"__1 _4\"></span>lo <span class=\"__1 _4\"></span>f<span class=\"__1 _5\"></span>orman <span class=\"__1 _c8\"> </span><span class=\"ls12\">26</span> <span class=\"__1 _4\"></span>personas, <span class=\"__1 _4\"></span>todas <span class=\"__1 _4\"></span>ellas <span class=\"__1 _4\"></span>integradas <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>ENCE<span class=\"__1 _1bc\"> </span> Renovables, <span class=\"__1 _6\"></span>y el <span class=\"__1 _6\"></span>coste m\u00e1xi<span class=\"__1 _6\"></span>mo <span class=\"__1 _6\"></span>previsto <span class=\"__1 _6\"></span>considerando <span class=\"__1 _6\"></span>un <span class=\"__1 _6\"></span>grado de <span class=\"__1 _6\"></span>consecuci\u00f3n <span class=\"__1 _6\"></span>del 100% <span class=\"__1 _6\"></span>as<span class=\"__1 _6\"></span>ciende a <span class=\"__1 _4\"></span>3.021<span class=\"__1 _1bc\"> </span> miles \u20ac.<span class=\"ff4\"> </span><span class=\"ff4\"> </span>El <span class=\"__1 _6\"></span>gasto <span class=\"__1 _6\"></span>devengado <span class=\"__1 _6\"></span>por <span class=\"__1 _8\"></span>este concepto <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>ejercicio <span class=\"__1 _8\"></span><span class=\"ff6\">2023 <span class=\"__1 _6\"></span>ha <span class=\"__1 _6\"></span>sido <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>37 <span class=\"__1 _6\"></span>miles \u20ac <span class=\"__1 _6\"></span>(31 <span class=\"__1 _6\"></span>mile<span class=\"__1 _6\"></span>s <span class=\"__1 _6\"></span>\u20ac <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el ejer<span class=\"__1 _6\"></span></span>cicio<span class=\"__1 _1bc\"> </span> 2022) <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>pasivo <span class=\"__1 _8\"></span>acumulado <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>dicha <span class=\"__1 _8\"></span>fecha <span class=\"__1 _8\"></span>asciende <span class=\"__1 _8\"></span>a <span class=\"__1 _4\"></span><span class=\"ls12\">11</span>4 <span class=\"__1 _8\"></span><span class=\"ff6\">miles <span class=\"__1 _8\"></span>\u20ac <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>s</span>e <span class=\"__1 _8\"></span>encuentra <span class=\"__1 _8\"></span>recogido <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>ep\u00edgrafe<span class=\"__1 _1bc\"> </span> \u201cProvisiones a<span class=\"__1 _6\"></span> largo plazo\u201d del estad<span class=\"__1 _6\"></span>o de situaci\u00f3n fin<span class=\"__1 _6\"></span>anciera consolidad<span class=\"__1 _6\"></span>o (v\u00e9ase nota 31).<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span><span class=\"ff4\"> </span>Compromiso a largo p<span class=\"__1 _6\"></span>lazo extraordinario <span class=\"__1 _6\"></span>/ Magnon Green<span class=\"__1 _6\"></span> Energy<span class=\"__1 _1bc\"> </span> El <span class=\"__1 _8\"></span>24 <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>marzo <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>2022 <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>Consejo <span class=\"__1 _4\"></span>Administraci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>Magnon <span class=\"__1 _8\"></span>Green <span class=\"__1 _4\"></span>Energy, <span class=\"__1 _8\"></span>S.L., <span class=\"__1 _4\"></span>aprob\u00f3 <span class=\"__1 _4\"></span><span class=\"ls14\">un <span class=\"__1 _8\"></span></span>incentivo <span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span> largo plazo dirigido a determinados empleados clave de la S<span class=\"__1 _5\"></span>ociedad. El incentivo permite a los benefici<span class=\"__1 _5\"></span>arios<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> percibir <span class=\"__1 _6\"></span>una <span class=\"__1 _6\"></span>retribuci\u00f3n <span class=\"__1 _6\"></span>extraordinaria <span class=\"__1 _8\"></span>pagadera <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>met\u00e1lico <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>vinculada <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>rentabilidad <span class=\"__1 _6\"></span>obtenida <span class=\"__1 _6\"></span>por <span class=\"__1 _6\"></span>los<span class=\"__1 _1bc\"> </span> accionistas entre el 18 <span class=\"__1 _5\"></span>de diciembre <span class=\"__1 _5\"></span>de 2020 y e<span class=\"__1 _5\"></span>l 18 de <span class=\"__1 _5\"></span>diciembre <span class=\"__1 _5\"></span>de 2028. Este incentivo se liquid<span class=\"__1 _5\"></span>ar\u00e1 en los<span class=\"__1 _1bc\"> </span> 90 d\u00edas siguientes<span class=\"__1 _6\"></span> a la fecha de aprob<span class=\"__1 _6\"></span>aci\u00f3n de<span class=\"__1 _6\"></span> las cuentas<span class=\"__1 _6\"></span> anuales del ejercicio 2028.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> Son <span class=\"__1 _4\"></span>requisitos <span class=\"__1 _4\"></span>im<span class=\"__1 _5\"></span>prescindibles <span class=\"__1 _4\"></span>para <span class=\"__1 _4\"></span>su <span class=\"__1 _8\"></span>devengo <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>consecuci\u00f3n <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>u<span class=\"__1 _6\"></span>na <span class=\"__1 _4\"></span>tasa <span class=\"__1 _8\"></span>in<span class=\"__1 _6\"></span>terna <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>rentabilidad <span class=\"__1 _4\"></span>(TIR)<span class=\"__1 _1bc\"> </span> m\u00ednima <span class=\"__1 _4\"></span>para <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>accionista <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>10%, <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>bene<span class=\"__1 _6\"></span>ficiario <span class=\"__1 _4\"></span>man<span class=\"__1 _6\"></span>tenga <span class=\"__1 _4\"></span>una <span class=\"__1 _4\"></span>relaci\u00f3n <span class=\"__1 _4\"></span>laboral <span class=\"__1 _4\"></span>o <span class=\"__1 _4\"></span>mercantil <span class=\"__1 _4\"></span>con<span class=\"__1 _1bc\"> </span> Magnon has<span class=\"__1 _6\"></span>ta la fecha de pago<span class=\"__1 _6\"></span>, con las salvedad<span class=\"__1 _6\"></span>es habituales para este tipo<span class=\"__1 _6\"></span> de incentivos<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span> El <span class=\"__1 _ca\"> </span>colectivo <span class=\"__1 _ca\"> </span>del  plan <span class=\"__1 _c6\"> </span>al  31 <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _ca\"> </span>diciembre  de <span class=\"__1 _c6\"> </span>2023<span class=\"__1 _6\"></span> <span class=\"__1 _ca\"> </span>lo <span class=\"__1 _ca\"> </span>forman  5  personas, <span class=\"__1 _ca\"> </span>y <span class=\"__1 _ca\"> </span>el  coste <span class=\"__1 _c6\"> </span>m\u00e1ximo<span class=\"__1 _6\"></span> <span class=\"__1 _ca\"> </span>previsto,<span class=\"__1 _1bc\"> </span> considerando u<span class=\"__1 _6\"></span>n grado de consecuci\u00f3n<span class=\"__1 _6\"></span> del 100%, asciende a <span class=\"__1 _8\"></span>4.938 <span class=\"ff6\">miles \u20ac.</span>  El <span class=\"__1 _c8\"></span>gasto <span class=\"__1 _c8\"></span>/ <span class=\"__1 _4\"></span>(ingres<span class=\"__1 _6\"></span>o) <span class=\"__1 _c8\"></span>devengad<span class=\"__1 _6\"></span>o <span class=\"__1 _c8\"></span>por <span class=\"__1 _c8\"></span>este <span class=\"__1 _4\"></span>concepto<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>en <span class=\"__1 _c8\"></span>el <span class=\"__1 _c8\"> </span>ejercicio <span class=\"__1 _c8\"></span>2023<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>ha <span class=\"__1 _c8\"> </span>sido<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>n<span class=\"__1 _6\"></span>ulo <span class=\"__1 _c8\"></span>as\u00ed <span class=\"__1 _c8\"> </span>como <span class=\"__1 _c8\"></span>el <span class=\"__1 _c8\"></span>pasivo<span class=\"__1 _1bc\"> </span> acumulado a d<span class=\"__1 _6\"></span>icha fecha.  33.2<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Retri<span class=\"__1 _6\"></span>buci\u00f3n de<span class=\"__1 _5\"></span> la Alta Direcci\u00f3n<span class=\"__1 _5\"></span>  </span></span>\u00danicamente <span class=\"__1 _c8\"> </span>tienen<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c6\"> </span>consideraci\u00f3n <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>alta <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>irecci\u00f3n <span class=\"__1 _c8\"> </span>los <span class=\"__1 _c6\"> </span>directores <span class=\"__1 _c6\"> </span>generales <span class=\"__1 _c8\"> </span>qu<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"> </span>tien<span class=\"__1 _6\"></span>en <span class=\"__1 _c8\"> </span>dependencia directa del del Pr<span class=\"__1 _6\"></span>esidente y C<span class=\"__1 _6\"></span>onsejero Delegado o d<span class=\"__1 _6\"></span>el Consejo d<span class=\"__1 _6\"></span>e Administraci\u00f3n<span class=\"__1 _6\"></span>, junto a<span class=\"__1 _6\"></span>l director del \u00e1re<span class=\"__1 _6\"></span>a de <span class=\"__1 _150\"> </span>Aud<span class=\"__1 _6\"></span>itor\u00eda <span class=\"__1 _150\"> </span>In<span class=\"__1 _6\"></span>terna, <span class=\"__1 _cb\"> </span>y <span class=\"__1 _150\"> </span>cu<span class=\"__1 _6\"></span>alquier  otro<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>d<span class=\"__1 _6\"></span>irectivo <span class=\"__1 _150\"> </span>a <span class=\"__1 _cb\"> </span>quien <span class=\"__1 _cb\"> </span>el  Cons<span class=\"__1 _6\"></span>ejo <span class=\"__1 _150\"> </span>de <span class=\"__1 _cb\"> </span>Administraci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>reconozca<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>tal<span class=\"__1 _6\"></span> condici\u00f3n. Su d<span class=\"__1 _6\"></span>etalle es el siguiente: <div class=\"c_1 w2_1 h58 gs1d5\"><div class=\"t_1 m0_1 x17 h8_1 y121b ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x59 h3_1 y65e ff4 fs1_1 fc0_1 sc0_1 ls0_1 ws0_1\">(i)<span class=\"ff2_1\"> <span class=\"__1 _178\"> </span></span>Con <span class=\"__1 _6\"></span>efectos <span class=\"__1 _8\"></span>a <span class=\"__1 _6\"></span>partir <span class=\"__1 _6\"></span>del 1 <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>enero <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>2023 <span class=\"__1 _8\"></span>se incorpora <span class=\"__1 _8\"></span>a <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>alta <span class=\"__1 _6\"></span>Direcci\u00f3n <span class=\"__1 _6\"></span>como <span class=\"__1 _8\"></span>D. General <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>Magnon <span class=\"__1 _6\"></span>Green<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x99 he4 y121c ff4 fs1_1 fc0_1 sc0_1 ls0_1 ws0_1\">Energy, <span class=\"__1 _6\"></span>S.L. <span class=\"__1 _8\"></span>(hoding <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>Negocio <span class=\"__1 _8\"></span>Energ\u00eda <span class=\"__1 _6\"></span>de<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>ENCE) <span class=\"__1 _8\"></span>D. <span class=\"__1 _8\"></span>Guillermo <span class=\"__1 _6\"></span>N<span class=\"__1 _6\"></span>egro <span class=\"__1 _6\"></span>Maguregui, <span class=\"__1 _8\"></span>dejando <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>fo<span class=\"__1 _6\"></span>rmar <span class=\"__1 _6\"></span>parte. <span class=\"__1 _8\"></span>D.<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x99 he4 y121d ff4 fs1_1 fc0_1 sc0_1 ls0_1 ws0_1\">Marc G\u00f3mez Ferret.<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 he4 y121e ff4 fs1_1 fc0_1 sc0_1 ls0_1 ws0_1\">(ii)   <span class=\"__1 _c5\"> </span>Con <span class=\"__1 _70\"></span>fecha <span class=\"__1 _5\"></span>15 <span class=\"__1 _70\"></span>de mayo <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>2023 D\u00aa <span class=\"__1 _70\"></span>Isabel <span class=\"__1 _70\"></span>Vallejo <span class=\"__1 _70\"></span>de la <span class=\"__1 _70\"></span>Fuente <span class=\"__1 _70\"></span>se ha <span class=\"__1 _70\"></span>incorporado <span class=\"__1 _5\"></span>a <span class=\"__1 _5\"></span>la <span class=\"__1 _70\"></span>alta <span class=\"__1 _5\"></span>Direcci\u00f3n <span class=\"__1 _70\"></span>como D. <span class=\"__1 _70\"></span>General<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x99 he4 y121f ff4 fs1_1 fc0_1 sc0_1 ls0_1 ws0_1\">de Capital Humano en sustituci\u00f3n de D\u00aa Mar\u00eda Jos\u00e9 Zueras Saludas.<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x59 h8_1 ybad ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Se <span class=\"__1 _c9\"> </span>desglosan <span class=\"__1 _c9\"> </span>a <span class=\"__1 _cd\"> </span>continuaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>las <span class=\"__1 _c9\"> </span>retribuciones<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>y <span class=\"__1 _c9\"> </span>otras <span class=\"__1 _c9\"> </span>p<span class=\"__1 _6\"></span>restaciones <span class=\"__1 _c9\"> </span>a <span class=\"__1 _c9\"> </span>la <span class=\"__1 _cd\"> </span>alta <span class=\"__1 _cd\"> </span>Direc<span class=\"__1 _6\"></span>ci\u00f3n, <span class=\"__1 _c9\"> </span>excluida <span class=\"__1 _c9\"> </span>la<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x59 h8_1 ybae ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">correspondiente al Presid<span class=\"__1 _6\"></span>ente y Cons<span class=\"__1 _6\"></span>ejero Delegado, <span class=\"__1 _6\"></span>durante los ejercicios 20<span class=\"__1 _6\"></span>23 y 2022:<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x175 h8_1 y1220 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x59 h8_1 y1221 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">La <span class=\"__1 _6\"></span>Alta <span class=\"__1 _8\"></span>Direcci\u00f3n <span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>eneficiaria <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>un <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>eguro <span class=\"__1 _6\"></span>mixto <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>ahorro <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>vida <span class=\"__1 _6\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>accidente<span class=\"__1 _6\"></span><span class=\"ls17\">. <span class=\"__1 _8\"></span></span>Por <span class=\"__1 _6\"></span>otra <span class=\"__1 _8\"></span>parte, <span class=\"__1 _6\"></span>ENCE<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x59 h8_1 ycce ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ofrece <span class=\"__1 _c8\"> </span>a <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c6\"> </span>alta <span class=\"__1 _c8\"> </span>direcci\u00f3n <span class=\"__1 _c6\"> </span>distinta<span class=\"__1 _6\"></span>s <span class=\"__1 _c8\"> </span>retrib<span class=\"__1 _6\"></span>uciones <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c8\"> </span>especie; <span class=\"__1 _c6\"> </span>veh\u00edculo <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c6\"> </span>empresa, <span class=\"__1 _c8\"> </span>seg<span class=\"__1 _6\"></span>uro <span class=\"__1 _c6\"> </span>m\u00e9dico, <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c6\"> </span>la<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x59 h8_1 yccf ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">posibilidad d<span class=\"__1 _6\"></span>e realizar anualmente un recono<span class=\"__1 _6\"></span>cimiento m\u00e9dico. <span class=\"__1 _8\"></span> </div><div class=\"t_1 m0_1 x59 h8_1 y1222 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">De <span class=\"__1 _4\"></span>acuerdo <span class=\"__1 _4\"></span>con <span class=\"__1 _4\"></span>lo <span class=\"__1 _8\"></span>previs<span class=\"__1 _6\"></span>to <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _4\"></span>Plan, <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>julio <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>2022 <span class=\"__1 _8\"></span>procedi\u00f3 <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span><span class=\"ff6\">liquidaci\u00f3n <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>Ciclo <span class=\"__1 _8\"></span>I <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>\u201cPlan <span class=\"__1 _4\"></span>de<span class=\"__1 _1bc\"> </span></span><span class=\"ff6\"> </span></div><div class=\"t_1 m0_1 x59 h8_1 y1223 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Incentivos <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>largo<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>plazo <span class=\"__1 _8\"></span>ENCE <span class=\"__1 _8\"></span>Energ\u00eda <span class=\"__1 _8\"></span>y <span class=\"__1 _4\"></span>Ce<span class=\"__1 _5\"></span>lulosa, <span class=\"__1 _8\"></span>S.A. <span class=\"__1 _8\"></span>para <span class=\"__1 _4\"></span>el <span class=\"__1 _6\"></span>periodo <span class=\"__1 _4\"></span><span class=\"ls12\">2019</span>-20<span class=\"__1 _6\"></span>23 <span class=\"__1 _8\"></span>(v\u00e9ase <span class=\"__1 _8\"></span>Nota<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>11). <span class=\"__1 _8\"></span>La <span class=\"__1 _8\"></span>Alta<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x59 h8_1 y1224 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Direcci\u00f3n percibi\u00f3 en dicha<span class=\"__1 _6\"></span> liquidaci\u00f3n 88 miles \u20ac y<span class=\"__1 _6\"></span> 35.337 acciones d<span class=\"__1 _6\"></span>e ENCE (valorad<span class=\"__1 _6\"></span>as en 111 miles \u20ac).<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span><span class=\"ff4\"> </span></div><div class=\"t_1 m0_1 x59 h8_1 y1225 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">La Alta <span class=\"__1 _70\"></span><span class=\"ff6\">Direcci\u00f3n es beneficiaria del <span class=\"__1 _70\"></span>Ciclo II <span class=\"__1 _5\"></span>del \u201cPlan <span class=\"__1 _5\"></span>de Incentivos a<span class=\"__1 _5\"></span> largo <span class=\"__1 _70\"></span>plazo<span class=\"__1 _6\"></span> para<span class=\"__1 _5\"></span> el <span class=\"__1 _70\"></span>periodo 2019<span class=\"__1 _6\"></span><span class=\"ff4\">-2023</span>\u201d,<span class=\"__1 _1bc\"> </span></span><span class=\"ff6\"> </span></div><div class=\"t_1 m0_1 x59 h8_1 y1226 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">del <span class=\"__1 _6\"></span><span class=\"ff6\">\u201cPlan <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>incentivo <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>largo <span class=\"__1 _8\"></span>plazo <span class=\"__1 _6\"></span>para <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>periodo <span class=\"__1 _6\"></span>202<span class=\"__1 _6\"></span></span>3-20<span class=\"__1 _6\"></span>27<span class=\"ff6\">\u201d</span> <span class=\"__1 _6\"></span><span class=\"ff6\">y <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>\u201c</span>Plan <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>inc<span class=\"__1 _6\"></span>entivo <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>largo <span class=\"__1 _6\"></span>plazo <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>ara<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x59 h8_1 y1227 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">el periodo 2021-2025<span class=\"ff6 ls39\">\u201d </span>(v<span class=\"__1 _6\"></span>\u00e9ase Nota 11). <span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x59 h8_1 y10a9 ff4 fs4 fc0_1 sc0_1 lsae ws0_1\">La<span class=\"ls0_1\">s <span class=\"__1 _4\"></span>cl\u00e1usulas <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>indemnizaci\u00f3n <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>m<span class=\"__1 _5\"></span>iembros <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>alta <span class=\"__1 _4\"></span>direcci\u00f3n <span class=\"__1 _8\"></span>se <span class=\"__1 _4\"></span>recogen <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>apartado <span class=\"__1 _4\"></span>C.1.39 <span class=\"__1 _8\"></span>el<span class=\"__1 _1bc\"> </span></span><span class=\"ls0_1\"> </span></div><div class=\"t_1 m0_1 x59 h8_1 y10aa ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Informe <span class=\"__1 _70\"></span>Anu<span class=\"__1 _6\"></span>al <span class=\"__1 _5\"></span>de <span class=\"__1 _5\"></span>Gobierno <span class=\"__1 _5\"></span>Corporativo que <span class=\"__1 _70\"></span>se incluye <span class=\"__1 _70\"></span>en e<span class=\"__1 _5\"></span>l <span class=\"__1 _5\"></span>Informe <span class=\"__1 _70\"></span>de Gesti\u00f3n <span class=\"__1 _5\"></span>Consolidado que <span class=\"__1 _70\"></span>acompa\u00f1a<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x59 h8_1 y1228 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">las Cuentas An<span class=\"__1 _6\"></span>uales Consolidadas<span class=\"__1 _6\"></span> del Grupo<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span> </div></div><div class=\"c_1 w267 h336 gs1d6\"><div class=\"t_1 m61 x176 h337 y122a ff4 fs76 fc0_1 sc0_1 ls0_1 ws0_1\">Nombre <span class=\"__1 _9d\"> </span>Cargo<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w268 h338 gs1d7\"><div class=\"t_1 m61 x2c h337 y122c ff4 fs76 fc0_1 sc0_1 ls0_1 ws0_1\">D.<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>Ignac<span class=\"__1 _70\"></span>i<span class=\"__1 _6\"></span>o de Colmena<span class=\"__1 _5\"></span>res y Brunet<span class=\"__1 _1d\"> </span>Presidente y Conseje<span class=\"__1 _70\"></span>ro <span class=\"__1 _6\"></span>D<span class=\"__1 _5\"></span>ele<span class=\"__1 _70\"></span>gado<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w268 h338 gs1d8\"><div class=\"t_1 m61 x2c h337 y122e ff4 fs76 fc0_1 sc0_1 ls0_1 ws0_1\">D.<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>Alfre<span class=\"__1 _5\"></span>do Av<span class=\"__1 _6\"></span>ello de<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>la Pe\u00f1a<span class=\"__1 _139\"> </span>D. Gene<span class=\"__1 _70\"></span>ral Finanz<span class=\"__1 _6\"></span>as y <span class=\"__1 _6\"></span>De<span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>arrollo Corporativo <span class=\"__1 _6\"></span>y Pat<span class=\"__1 _6\"></span>rimonio <span class=\"__1 _6\"></span>Forestal<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w269 h338 gs1d9\"><div class=\"t_1 m61 x2c h337 y1230 ff4 fs76 fc0_1 sc0_1 ls0_1 ws0_1\">D.<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>Jordi Aguil\u00f3 Jubie<span class=\"__1 _70\"></span>rre<span class=\"__1 _18b\"> </span>D<span class=\"__1 _70\"></span>.Gene<span class=\"__1 _5\"></span>ral. de<span class=\"__1 _5\"></span> Ce<span class=\"__1 _5\"></span>lulosa<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w269 h338 gs1da\"><div class=\"t_1 m61 x2c h337 y1232 ff4 fs76 fc0_1 sc0_1 ls0_1 ws0_1\">D.<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>Guillermo Negro Maguregui (i)<span class=\"__1 _ec\"> </span>D<span class=\"__1 _5\"></span>. Ge<span class=\"__1 _5\"></span>nera<span class=\"__1 _5\"></span>l de Magnon Gree<span class=\"__1 _5\"></span>n Ene<span class=\"__1 _5\"></span>rgy, S.L.<span class=\"__1 _1bc\"> </span> </div></div><div class=\"c_1 w26a h338 gs1db\"><div class=\"t_1 m61 x2c h337 y1232 ff4 fs76 fc0_1 sc0_1 ls0_1 ws0_1\">D\u00aa R<span class=\"__1 _5\"></span>eye<span class=\"__1 _5\"></span>s Cere<span class=\"__1 _5\"></span>zo Rodr\u00edguez-Se<span class=\"__1 _70\"></span>dano<span class=\"__1 _105\"> </span>Secre<span class=\"__1 _70\"></span>t<span class=\"__1 _6\"></span>aria Gene<span class=\"__1 _70\"></span>ral/<span class=\"__1 _6\"></span>D.<span class=\"__1 _70\"></span>G<span class=\"__1 _6\"></span>ene<span class=\"__1 _70\"></span>ral de Sos<span class=\"__1 _6\"></span>tenibilidad<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w26a h338 gs1dc\"><div class=\"t_1 m61 x2c h337 y1232 ff4 fs76 fc0_1 sc0_1 ls0_1 ws0_1\">D\u00aa I<span class=\"__1 _5\"></span>sabel Vallejo de<span class=\"__1 _70\"></span> l<span class=\"__1 _6\"></span>a Fuente<span class=\"__1 _5\"></span> (ii)<span class=\"__1 _19c\"> </span>D.<span class=\"__1 _70\"></span>G<span class=\"__1 _6\"></span>ene<span class=\"__1 _70\"></span>ral Capital H<span class=\"__1 _6\"></span>umano<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w26b h338 gs1dd\"><div class=\"t_1 m61 x2c h337 y1232 ff4 fs76 fc0_1 sc0_1 ls0_1 ws0_1\">D.<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>Modesto <span class=\"__1 _6\"></span>Saiz Su\u00e1rez <span class=\"__1 _19d\"> </span>D.<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>Comercia<span class=\"__1 _5\"></span>l y Log\u00eds<span class=\"__1 _6\"></span>tica Celulosa<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w26b h338 gs1de\"><div class=\"t_1 m61 x2c h337 y1232 ff4 fs76 fc0_1 sc0_1 ls0_1 ws0_1\">D.<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>Fernando Gonz\u00e1le<span class=\"__1 _5\"></span>z-Palacios Carbajo<span class=\"__1 _4d\"> </span>D. de<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>Planificac<span class=\"__1 _5\"></span>i\u00f3n y Cont<span class=\"__1 _6\"></span>rol<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w26c h338 gs1df\"><div class=\"t_1 m61 x2c h337 y1238 ff4 fs76 fc0_1 sc0_1 ls0_1 ws0_1\">D.<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>\u00c1ngel J<span class=\"__1 _70\"></span>. M<span class=\"__1 _6\"></span>osquera L\u00f3pe<span class=\"__1 _5\"></span>z-Le<span class=\"__1 _70\"></span>y<span class=\"__1 _6\"></span>ton<span class=\"__1 _105\"> </span>D. de<span class=\"__1 _70\"></span> A<span class=\"__1 _6\"></span>uditor\u00eda Interna<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w26d h339 gs1e0\"><div class=\"t_1 m62 x9 h33a y123a ff7 fs77 fc0_1 sc0_1 ls0_1 ws0_1\">Miles \u20ac<span class=\"__1 _17\"> </span><span class=\"ff3_1 lsaf\">2023<span class=\"__1 _103\"> </span>2022<span class=\"__1 _1bc\"> </span></span></div></div><div class=\"c_1 w26e h33b gs1e1\"><div class=\"t_1 m62 x9 h33c y123c ff4 fs77 fc0_1 sc0_1 ls0_1 ws0_1\">Retri<span class=\"__1 _6\"></span>bu<span class=\"__1 _6\"></span>ci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>fija<span class=\"__1 _140\"> </span>1.9<span class=\"__1 _5\"></span>31<span class=\"__1 _67\"> </span>1.843<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w26e h33b gs1e2\"><div class=\"t_1 m62 x9 h33c y123c ff4 fs77 fc0_1 sc0_1 ls0_1 ws0_1\">Retri<span class=\"__1 _6\"></span>bu<span class=\"__1 _6\"></span>ci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>vari<span class=\"__1 _6\"></span>ab<span class=\"__1 _6\"></span>le<span class=\"__1 _84\"> </span>1.126<span class=\"__1 _67\"> </span>1.169<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w26e h33b gs1e3\"><div class=\"t_1 m62 x9 h33c y123c ff4 fs77 fc0_1 sc0_1 ls0_1 ws0_1\">Sisten<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>s d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>ah<span class=\"__1 _6\"></span>orro<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>(Nota<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>3.14)<span class=\"__1 _87\"> </span><span class=\"lsaf\">102<span class=\"__1 _1f\"> </span>92<span class=\"__1 _1bc\"> </span></span></div></div><div class=\"c_1 w26e h33b gs1e4\"><div class=\"t_1 m62 x9 h33c y123c ff4 fs77 fc0_1 sc0_1 ls0_1 ws0_1\">Retri<span class=\"__1 _6\"></span>bu<span class=\"__1 _6\"></span>ci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>especie <span class=\"__1 _6\"></span>y o<span class=\"__1 _6\"></span>tro<span class=\"__1 _6\"></span>s<span class=\"__1 _e8\"> </span><span class=\"lsaf\">129<span class=\"__1 _f5\"> </span>100<span class=\"__1 _1bc\"> </span></span></div></div><div class=\"c_1 w26e h33b gs1e5\"><div class=\"t_1 m62 xa4 h33a y1241 ff3_1 fs77 fc0_1 sc0_1 ls0_1 ws0_1\">3.2<span class=\"__1 _5\"></span>88<span class=\"__1 _67\"> </span>3.204<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w26e h33b gs1e6\"><div class=\"t_1 m62 x9 h33c y123c ff4 fs77 fc0_1 sc0_1 ls0_1 ws0_1\">ILP<span class=\"__1 _5\"></span> 2019-20<span class=\"__1 _5\"></span>23 (Not<span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>11.2)<span class=\"__1 _19e\"> </span>-<span class=\"__1 _41\"> </span><span class=\"lsaf\">196<span class=\"__1 _1bc\"> </span></span></div></div><div class=\"c_1 w26e h33d gs1e7\"><div class=\"t_1 m62 x9 h33c y1244 ff4 fs77 fc0_1 sc0_1 ls0_1 ws0_1\">Ind<span class=\"__1 _6\"></span>emni<span class=\"__1 _6\"></span>za<span class=\"__1 _6\"></span>cion<span class=\"__1 _6\"></span>es<span class=\"__1 _114\"> </span>-<span class=\"__1 _f5\"> </span><span class=\"lsaf\">654<span class=\"__1 _1bc\"> </span></span></div></div><div class=\"c_1 w26e h33e gs1e8\"><div class=\"t_1 m62 xa4 h33a y1246 ff3_1 fs77 fc0_1 sc0_1 ls0_1 ws0_1\">3.2<span class=\"__1 _5\"></span>88<span class=\"__1 _67\"> </span>4.054</div></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-557": {
   "value": "12.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Otros gastos de explotaci\u00f3n<span class=\"__1 _1bc\"> </span></span></span>El detalle <span class=\"__1 _70\"></span>de este e<span class=\"__1 _5\"></span>p\u00edgrafe del Estado <span class=\"__1 _5\"></span>de Re<span class=\"__1 _5\"></span>sultado consolidado de <span class=\"__1 _5\"></span>los ejercicios <span class=\"__1 _70\"></span>2023 y 2022 <span class=\"__1 _5\"></span>en los distintos<span class=\"__1 _1bc\"> </span>negocios desarrollad<span class=\"__1 _6\"></span>os por ENCE es el s<span class=\"__1 _6\"></span>iguiente:<span class=\"__1 _1bc\"> </span>(*) <span class=\"__1 _bd\"> </span><span class=\"ff6\">La diferencia entre la informaci\u00f3n del<span class=\"__1 _5\"></span> \u201cGrupo Consolidado\u201d al 31 de diciembre de<span class=\"__1 _5\"></span> 2023 y 2022 y la agregaci\u00f3n de<span class=\"__1 _1bc\"> </span></span>los <span class=\"__1 _70\"></span>negocios \u201c<span class=\"__1 _5\"></span>Celulosa\u201d <span class=\"__1 _70\"></span>y \u201c<span class=\"__1 _5\"></span>Energ\u00eda <span class=\"__1 _70\"></span>R<span class=\"__1 _6\"></span>enovable\u201d <span class=\"__1 _70\"></span>se <span class=\"__1 _70\"></span>co<span class=\"__1 _6\"></span>rresponde <span class=\"__1 _70\"></span>con <span class=\"__1 _5\"></span>eliminacio<span class=\"ff4\">nes <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>operaciones <span class=\"__1 _5\"></span>efectuadas <span class=\"__1 _70\"></span>entre<span class=\"__1 _1bc\"> </span></span>dichos negocios en 2023 y 2022 por 1.220 miles \u20ac y 1.211 miles \u20ac, respe<span class=\"__1 _5\"></span>ctivamente.<span class=\"__1 _1bc\"> </span>12.1<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Servicios exteriores<span class=\"__1 _1bc\"> </span></span></span>El desglose por <span class=\"__1 _6\"></span>conceptos del gasto d<span class=\"__1 _6\"></span>e servicios exteriores de los<span class=\"__1 _6\"></span> ejercicios 2023 y 2022 es<span class=\"__1 _6\"></span> el siguiente:<span class=\"__1 _1bc\"> </span>Se<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>vi<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span> exte<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s 14<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.28<span class=\"__1 _6\"></span>8 <span class=\"__1 _125\"> </span> 6<span class=\"__1 _6\"></span>6.8<span class=\"__1 _6\"></span>94<span class=\"__1 _6\"></span> <span class=\"__1 _33\"> </span> 21<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.96<span class=\"__1 _6\"></span>2 <span class=\"__1 _12\"> </span> 18<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.59<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span> <span class=\"__1 _fc\"> </span> 7<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.46<span class=\"__1 _6\"></span>6 <span class=\"__1 _33\"> </span> 2<span class=\"__1 _6\"></span>53<span class=\"__1 _6\"></span>.84<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span>Cons<span class=\"__1 _8\"></span>umo de<span class=\"__1 _5\"></span>rech<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> de e<span class=\"__1 _70\"></span>mi<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>\u00f3<span class=\"__1 _6\"></span>n 8.3<span class=\"__1 _6\"></span>44<span class=\"__1 _6\"></span> <span class=\"__1 _5a\"> </span> 3<span class=\"__1 _6\"></span>.28<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _fc\"> </span> 1<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.63<span class=\"__1 _6\"></span>2 <span class=\"__1 _1f\"> </span> 7.83<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _5a\"> </span> 2<span class=\"__1 _6\"></span>.81<span class=\"__1 _6\"></span>4 <span class=\"__1 _125\"> </span> 10<span class=\"__1 _6\"></span>.65<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>Tri<span class=\"__1 _8\"></span>butos 2.9<span class=\"__1 _6\"></span>93<span class=\"__1 _6\"></span> <span class=\"__1 _5a\"> </span> 2<span class=\"__1 _6\"></span>.02<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span> <span class=\"__1 _5a\"> </span> 5<span class=\"__1 _6\"></span>.01<span class=\"__1 _6\"></span>4 <span class=\"__1 _1f\"> </span> 2.16<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _5a\"> </span> 2<span class=\"__1 _6\"></span>.84<span class=\"__1 _6\"></span>2 <span class=\"__1 _59\"> </span> 5.0<span class=\"__1 _6\"></span>04<span class=\"__1 _1bc\"> </span>Var<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n d<span class=\"__1 _6\"></span>e l<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> pr<span class=\"__1 _6\"></span>ovi<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ones <span class=\"__1 _6\"></span>de t<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>\u00e1<span class=\"__1 _8\"></span>fi<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>y otros<span class=\"__1 _1bc\"> </span>           <span class=\"ls0_1\"> <span class=\"__1 _ec\"> </span> 12<span class=\"__1 _6\"></span>6 <span class=\"__1 _53\"> </span>(38<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>) <span class=\"__1 _141\"></span><span class=\"ls46\">           <span class=\"ls0_1\"> <span class=\"__1 _da\"> </span>(2<span class=\"__1 _6\"></span>27<span class=\"__1 _6\"></span>) <span class=\"__1 _141\"></span><span class=\"ls46\">           <span class=\"ls0_1\"> <span class=\"__1 _85\"> </span> 86<span class=\"__1 _6\"></span> <span class=\"__1 _e6\"> </span>(1<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>) <span class=\"__1 _141\"></span><span class=\"ls46\">           <span class=\"ls0_1\"> </span></span></span></span></span></span></span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> ga<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>tos<span class=\"__1 _6\"></span> n<span class=\"__1 _6\"></span>o or<span class=\"__1 _6\"></span>di<span class=\"__1 _8\"></span>na<span class=\"__1 _8\"></span>ri<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span> de l<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> op<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> (Not<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span> 3<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>)<span class=\"__1 _18\"> </span> 6<span class=\"__1 _6\"></span>19<span class=\"__1 _6\"></span> <span class=\"__1 _8b\"> </span> 40<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _5a\"> </span> 1<span class=\"__1 _6\"></span>.02<span class=\"__1 _6\"></span>8 <span class=\"__1 _41\"> </span> 21<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _ed\"> </span><span class=\"ls47\">- <span class=\"__1 _142\"></span><span class=\"ls46\">                  <span class=\"ls0_1\"> <span class=\"__1 _7e\"> </span> 21<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>0</span></span></span> 15<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.733<span class=\"__1 _6\"></span> <span class=\"__1 _125\"> </span> 72<span class=\"__1 _6\"></span>.738<span class=\"__1 _6\"></span> <span class=\"__1 _33\"> </span> 23<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.251<span class=\"__1 _6\"></span> <span class=\"__1 _12\"> </span> 21<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.366<span class=\"__1 _6\"></span> <span class=\"__1 _125\"> </span> 78<span class=\"__1 _6\"></span>.208<span class=\"__1 _6\"></span> <span class=\"__1 _33\"> </span> 29<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.363<span class=\"__1 _1bc\"> </span>31/12/2023<span class=\"__1 _1bc\"> </span>31/12/2022<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de e<span class=\"__1 _70\"></span>ur<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Ce<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span>a<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>nova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _1bc\"> </span>Grupo<span class=\"__1 _1bc\"> </span>Cons<span class=\"__1 _8\"></span>ol<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>da<span class=\"__1 _6\"></span>do<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Ce<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span>a<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>nova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _1bc\"> </span>Grupo<span class=\"__1 _1bc\"> </span>Cons<span class=\"__1 _8\"></span>ol<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>da<span class=\"__1 _6\"></span>d<span class=\"__1 _1bc\"> </span>o <span class=\"ff4\"> (*) <span class=\"__1 _bf\"></span><span class=\"ff6\">La <span class=\"__1 _6\"></span>diferencia <span class=\"__1 _6\"></span>entre <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>informaci\u00f3n <span class=\"__1 _8\"></span>del \u201cGru<span class=\"__1 _6\"></span>po <span class=\"__1 _6\"></span>Consolidado\u201d <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>31 <span class=\"__1 _8\"></span>de diciembre <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>2023 <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>2022 <span class=\"__1 _8\"></span>y <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>agregaci\u00f3n <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span></span></span>los negocios \u201cCelulosa\u201d y <span class=\"__1 _6\"></span>\u201cEnerg\u00eda <span class=\"__1 _6\"></span>Renovable\u201d se corresponde con<span class=\"__1 _6\"></span> eliminaciones de <span class=\"__1 _6\"></span>operaciones efectuadas <span class=\"__1 _6\"></span>entre<span class=\"__1 _1bc\"> </span>dichos negocios en 2023 y 20<span class=\"ff6\">22 por 1.220 miles \u20ac y 1.211 miles \u20ac, respectivamente<span class=\"__1 _5\"></span>.<span class=\"__1 _1bc\"> </span></span>Las biof\u00e1bricas<span class=\"__1 _6\"></span> de ENCE <span class=\"__1 _6\"></span>Celulosa han p<span class=\"__1 _6\"></span>asado en 2023 de un r<span class=\"__1 _6\"></span>\u00e9gimen energ\u00e9tico en el qu<span class=\"__1 _6\"></span>e se vende toda <span class=\"__1 _6\"></span>la<span class=\"__1 _1bc\"> </span>energ\u00eda producida y se adquiere la energ\u00eda necesaria para el proceso, a un r\u00e9gimen en el que s\u00f3lo<span class=\"__1 _6\"></span> se vende<span class=\"__1 _1bc\"> </span>el <span class=\"__1 _70\"></span>ex<span class=\"__1 _6\"></span>cedente e<span class=\"__1 _5\"></span>ntre lo <span class=\"__1 _70\"></span>generado<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>y <span class=\"__1 _5\"></span>lo <span class=\"__1 _70\"></span>con<span class=\"__1 _6\"></span>sumido. Este <span class=\"__1 _5\"></span>cambio explica <span class=\"__1 _5\"></span>en <span class=\"__1 _70\"></span>gran<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>parte <span class=\"__1 _5\"></span>la <span class=\"__1 _5\"></span>reducci\u00f3n en <span class=\"__1 _70\"></span>los costes<span class=\"__1 _1bc\"> </span>recogidos en la cuenta \u201c<span class=\"__1 _6\"></span>suministros<span class=\"__1 _6\"></span>\u201d respecto al ejercicio anterior.<span class=\"__1 _1bc\"> </span>ENCE <span class=\"__1 _70\"></span>tiene contratado <span class=\"__1 _70\"></span>un <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>eguro <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>responsabilidad civil <span class=\"__1 _70\"></span>que <span class=\"__1 _70\"></span>cub<span class=\"__1 _6\"></span>re <span class=\"__1 _70\"></span>a <span class=\"__1 _5\"></span>todos <span class=\"__1 _5\"></span>sus <span class=\"__1 _70\"></span>administradores <span class=\"__1 _5\"></span>y <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>irectivos<span class=\"__1 _1bc\"> </span>por <span class=\"__1 _6\"></span>da\u00f1<span class=\"__1 _6\"></span>os <span class=\"__1 _6\"></span>ocasionados <span class=\"__1 _8\"></span>por <span class=\"__1 _6\"></span>actos <span class=\"__1 _6\"></span>u <span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>misiones <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>ejercicio <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>su <span class=\"__1 _6\"></span>cargo. <span class=\"__1 _6\"></span>Su <span class=\"__1 _8\"></span>coste <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>2023 <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>2022 <span class=\"__1 _6\"></span>ha <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>ido<span class=\"__1 _1bc\"> </span>de 94 miles \u20ac. 12.2<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Honorarios de auditor\u00eda<span class=\"__1 _1bc\"> </span></span></span>La <span class=\"__1 _5\"></span>firma <span class=\"__1 _70\"></span>qu<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>h<span class=\"__1 _6\"></span>a <span class=\"__1 _5\"></span>auditado las <span class=\"__1 _70\"></span>cuentas de <span class=\"__1 _70\"></span>las <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>ociedades que <span class=\"__1 _70\"></span>con<span class=\"__1 _6\"></span>forman <span class=\"__1 _5\"></span>el <span class=\"__1 _70\"></span>Grupo ENCE <span class=\"__1 _5\"></span>(v\u00e9ase <span class=\"__1 _5\"></span>Anexo <span class=\"__1 _5\"></span>I) <span class=\"__1 _5\"></span>en 2023<span class=\"__1 _1bc\"> </span>y 2022 ha sido<span class=\"__1 _6\"></span> KPMG Auditores, S.L.<span class=\"__1 _1bc\"> </span>Durante <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>ejercicios <span class=\"__1 _8\"></span>2023 <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>2022, <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>h<span class=\"__1 _6\"></span>onorarios <span class=\"__1 _8\"></span>relativos <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>servicios <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>audito<span class=\"__1 _6\"></span>r\u00eda <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>cuentas <span class=\"__1 _8\"></span>y <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>otros<span class=\"__1 _1bc\"> </span>servicios prestad<span class=\"__1 _6\"></span>os por el auditor o por empresas<span class=\"__1 _6\"></span> vinculadas a<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span> auditor han s<span class=\"__1 _6\"></span>ido los siguientes:<span class=\"__1 _1bc\"> </span>Los <span class=\"__1 _cb\"> </span>\u00fanicos  servicios  presta<span class=\"__1 _6\"></span>dos  por <span class=\"__1 _cb\"> </span>el  auditor<span class=\"__1 _6\"></span>  en <span class=\"__1 _cb\"> </span>2023,  relacionados <span class=\"__1 _cb\"> </span>con  los <span class=\"__1 _cb\"> </span>servici<span class=\"__1 _5\"></span>os <span class=\"__1 _cb\"> </span>de  auditor\u00eda,  s<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span>corresponden <span class=\"__1 _6\"></span>con <span class=\"__1 _6\"></span>servicios <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>revisi\u00f3n <span class=\"__1 _6\"></span>sobre <span class=\"__1 _6\"></span>ratios <span class=\"__1 _6\"></span>financieros <span class=\"__1 _6\"></span>para <span class=\"__1 _6\"></span>atender <span class=\"__1 _6\"></span>a las <span class=\"__1 _6\"></span>obligacion<span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>recogidas <span class=\"__1 _6\"></span>en<span class=\"__1 _1bc\"> </span>los <span class=\"__1 _c6\"> </span>contratos<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>financiaci\u00f3n<span class=\"__1 _6\"></span>, <span class=\"__1 _c6\"> </span>serv<span class=\"__1 _6\"></span>icios <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>verificaci\u00f3n <span class=\"__1 _c6\"> </span>de<span class=\"__1 _6\"></span>l <span class=\"__1 _c6\"> </span>sis<span class=\"__1 _6\"></span>tema <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>control <span class=\"__1 _c6\"> </span>in<span class=\"__1 _6\"></span>terno <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c6\"> </span>infor<span class=\"__1 _6\"></span>maci\u00f3n<span class=\"__1 _1bc\"> </span>financiera <span class=\"__1 _c8\"></span><span class=\"ls16\">y <span class=\"__1 _4\"></span></span>s<span class=\"__1 _6\"></span>ervicios <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>r<span class=\"__1 _6\"></span>evisi\u00f3n <span class=\"__1 _c8\"> </span>de<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>eterminadas <span class=\"__1 _c8\"></span>magnitud<span class=\"__1 _6\"></span>es <span class=\"__1 _c8\"></span>financieras <span class=\"__1 _c8\"></span>para <span class=\"__1 _c8\"></span>acreditar <span class=\"__1 _c8\"></span>la <span class=\"__1 _c8\"></span>condici\u00f3n <span class=\"__1 _c8\"></span>de<span class=\"__1 _1bc\"> </span>consumidor <span class=\"__1 _6\"></span>electrointensivo<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>as\u00ed como <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>periodo <span class=\"__1 _6\"></span>medio d<span class=\"__1 _6\"></span>e p<span class=\"__1 _6\"></span>ago legal <span class=\"__1 _8\"></span>en varias<span class=\"__1 _6\"></span> insta<span class=\"__1 _6\"></span>laciones del <span class=\"__1 _6\"></span>Grupo<span class=\"__1 _6\"></span>. Por<span class=\"__1 _1bc\"> </span>su <span class=\"__1 _8\"></span>parte <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>apartad<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>\u201c<span class=\"__1 _6\"></span>Otros <span class=\"__1 _8\"></span>servicios\u201d <span class=\"__1 _8\"></span>incluye <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>rincipalmente <span class=\"__1 _4\"></span><span class=\"ff4\">servicios <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>verificaci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>informaci\u00f3n <span class=\"__1 _8\"></span>no<span class=\"__1 _1bc\"> </span></span>financiera<span class=\"ls17\">. </span>Tra<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>te<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>, fl<span class=\"__1 _6\"></span>ete<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> y c<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span>te<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> c<span class=\"__1 _6\"></span>ome<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _1b\"> </span><span class=\"ls49\">            6<span class=\"__1 _6\"></span>2.55<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              3.26<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>            6<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.817<span class=\"__1 _6\"></span> <span class=\"__1 _126\"> </span>            6<span class=\"__1 _6\"></span>2.51<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              2.39<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>            6<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>.902<span class=\"__1 _1bc\"> </span></span>Sumi<span class=\"__1 _6\"></span>ni<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>tros<span class=\"__1 _13a\"> </span><span class=\"ls49\">            12<span class=\"__1 _6\"></span>.17<span class=\"__1 _6\"></span>7 <span class=\"__1 _cd\"> </span>              5<span class=\"__1 _6\"></span>.14<span class=\"__1 _6\"></span>7 <span class=\"__1 _c9\"> </span>            17<span class=\"__1 _6\"></span>.134<span class=\"__1 _6\"></span> <span class=\"__1 _126\"> </span>            5<span class=\"__1 _6\"></span>6.39<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              6.82<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>            6<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.970<span class=\"__1 _1bc\"> </span></span>Re<span class=\"__1 _5\"></span>pa<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>nes<span class=\"__1 _6\"></span> y c<span class=\"__1 _6\"></span>ons<span class=\"__1 _8\"></span>erva<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3<span class=\"__1 _6\"></span>n<span class=\"__1 _44\"> </span><span class=\"ls49\">            16<span class=\"__1 _6\"></span>.92<span class=\"__1 _6\"></span>6 <span class=\"__1 _c9\"> </span>            22<span class=\"__1 _6\"></span>.22<span class=\"__1 _6\"></span>5 <span class=\"__1 _c9\"> </span>            39<span class=\"__1 _6\"></span>.15<span class=\"__1 _6\"></span>1 <span class=\"__1 _126\"> </span>            1<span class=\"__1 _6\"></span>6.22<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>            2<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>.914<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>            41<span class=\"__1 _6\"></span>.138<span class=\"__1 _1bc\"> </span></span>Se<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>vi<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de profes<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>ndepe<span class=\"__1 _5\"></span>ndi<span class=\"__1 _8\"></span>ent<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _129\"> </span><span class=\"ls49\">              5<span class=\"__1 _6\"></span>.53<span class=\"__1 _6\"></span>1 <span class=\"__1 _cd\"> </span>              2<span class=\"__1 _6\"></span>.15<span class=\"__1 _6\"></span>2 <span class=\"__1 _cd\"> </span>              7<span class=\"__1 _6\"></span>.68<span class=\"__1 _6\"></span>3 <span class=\"__1 _33\"> </span>              4.98<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              2.90<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              7.89<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span></span>Pr<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>mas<span class=\"__1 _8\"></span> de s<span class=\"__1 _6\"></span>eguros<span class=\"__1 _13b\"> </span><span class=\"ls49\">              4.93<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              3.71<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              8.64<span class=\"__1 _6\"></span>3 <span class=\"__1 _33\"> </span>              4<span class=\"__1 _6\"></span>.388<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              3<span class=\"__1 _6\"></span>.578<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              7<span class=\"__1 _6\"></span>.966<span class=\"__1 _1bc\"> </span></span>Se<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>vi<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>ba<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span> y s<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>m<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>es<span class=\"__1 _98\"> </span><span class=\"ls49\">              2.33<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                 66<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>              3.00<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span> <span class=\"__1 _33\"> </span>              1.067<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                 8<span class=\"__1 _6\"></span>11<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>              1<span class=\"__1 _6\"></span>.878<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>rr<span class=\"__1 _6\"></span>enda<span class=\"__1 _6\"></span>mi<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>ntos<span class=\"__1 _6\"></span> y c<span class=\"__1 _6\"></span>\u00e1<span class=\"__1 _8\"></span>non<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span> (<span class=\"__1 _6\"></span>Not<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span> 1<span class=\"__1 _6\"></span>7.3)<span class=\"__1 _ec\"> </span><span class=\"ls49\">                 6<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>8 <span class=\"__1 _cf\"> </span>                 2<span class=\"__1 _6\"></span>64<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>                 9<span class=\"__1 _6\"></span>42<span class=\"__1 _6\"></span> <span class=\"__1 _20\"> </span>                 57<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>                 20<span class=\"__1 _6\"></span>2 <span class=\"__1 _cf\"> </span>                 7<span class=\"__1 _6\"></span>74<span class=\"__1 _1bc\"> </span></span>Pub<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>da<span class=\"__1 _8\"></span>d, pr<span class=\"__1 _6\"></span>opa<span class=\"__1 _8\"></span>ga<span class=\"__1 _6\"></span>nda<span class=\"__1 _8\"></span> y r<span class=\"__1 _6\"></span>el<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span> p\u00fabl<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> <span class=\"__1 _83\"> </span><span class=\"ls49\">              3<span class=\"__1 _6\"></span>.812<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                 1<span class=\"__1 _6\"></span>58<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>              3<span class=\"__1 _6\"></span>.970<span class=\"__1 _6\"></span> <span class=\"__1 _33\"> </span>              1.02<span class=\"__1 _6\"></span>9 <span class=\"__1 _cd\"> </span>                 1<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>9 <span class=\"__1 _cf\"> </span>              1<span class=\"__1 _6\"></span>.14<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span></span>Ga<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>tos<span class=\"__1 _8\"></span> de i<span class=\"__1 _6\"></span>nv<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span>ti<span class=\"__1 _8\"></span>ga<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n y d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>ol<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>o<span class=\"__1 _52\"> </span><span class=\"ls49\">                 15<span class=\"__1 _6\"></span>5 <span class=\"__1 _cf\"> </span>                      7<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                 16<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _33\"> </span>                    72<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _4\"> </span>                    7<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span></span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> s<span class=\"__1 _6\"></span>ervi<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>os<span class=\"__1 _f8\"> </span><span class=\"ls49\">            38.18<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>            2<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>.298<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>            6<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.457<span class=\"__1 _6\"></span> <span class=\"__1 _126\"> </span>            3<span class=\"__1 _6\"></span>5.35<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>            3<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.722<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>            65<span class=\"__1 _6\"></span>.104</span>  1<span class=\"__1 _6\"></span>47<span class=\"__1 _6\"></span>.28<span class=\"__1 _6\"></span>8 <span class=\"__1 _6\"></span>  <span class=\"__1 _126\"> </span>  6<span class=\"__1 _6\"></span>6.89<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>   <span class=\"__1 _124\"> </span> <span class=\"__1 _6\"></span> 21<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.96<span class=\"__1 _6\"></span>2   <span class=\"__1 _108\"> </span>  1<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>59<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>   <span class=\"__1 _126\"> </span>  <span class=\"__1 _6\"></span>72<span class=\"__1 _6\"></span>.46<span class=\"__1 _6\"></span>6 <span class=\"__1 _6\"></span>  <span class=\"__1 _124\"> </span>  2<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>84<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> 31/12/2022<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de e<span class=\"__1 _5\"></span>ur<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Ce<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>nova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _1bc\"> </span>Grup<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>c<span class=\"__1 _6\"></span>ons<span class=\"__1 _8\"></span>ol<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>da<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Ce<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>nova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _1bc\"> </span>31/12/2023<span class=\"__1 _1bc\"> </span>Grup<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>c<span class=\"__1 _6\"></span>ons<span class=\"__1 _8\"></span>ol<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>da<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>M<span class=\"__1 _5\"></span>il<span class=\"__1 _70\"></span>e<span class=\"__1 _6\"></span>s \u20ac<span class=\"__1 _b8\"> </span><span class=\"ff3_1 ls4b\">2023<span class=\"__1 _18\"> </span>2022<span class=\"__1 _1bc\"> </span></span>Se<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _4\"></span>os<span class=\"__1 _8\"></span> de<span class=\"__1 _5\"></span> a<span class=\"__1 _8\"></span>udi<span class=\"__1 _4\"></span>t<span class=\"__1 _70\"></span>or<span class=\"__1 _6\"></span>\u00eda<span class=\"__1 _10d\"> </span><span class=\"ls4b\">235<span class=\"__1 _a\"> </span>235<span class=\"__1 _1bc\"> </span></span>Se<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _4\"></span>os<span class=\"__1 _8\"></span> r<span class=\"__1 _6\"></span>e<span class=\"__1 _70\"></span>l<span class=\"__1 _4\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _4\"></span>ona<span class=\"__1 _8\"></span>dos<span class=\"__1 _8\"></span> c<span class=\"__1 _8\"></span>on l<span class=\"__1 _4\"></span>a<span class=\"__1 _6\"></span> a<span class=\"__1 _8\"></span>udi<span class=\"__1 _4\"></span>t<span class=\"__1 _70\"></span>or<span class=\"__1 _8\"></span>\u00eda<span class=\"__1 _10c\"> </span><span class=\"ls4b\">25<span class=\"__1 _79\"> </span>13<span class=\"__1 _1bc\"> </span></span>Otr<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> s<span class=\"__1 _8\"></span>ervi<span class=\"__1 _4\"></span>ci<span class=\"__1 _4\"></span>os<span class=\"__1 _13c\"> </span><span class=\"ls4b\">56<span class=\"__1 _3f\"> </span>43<span class=\"__1 _1bc\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingExpenseExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-514": {
   "value": "12.2<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Honorarios de auditor\u00eda<span class=\"__1 _1bc\"> </span></span></span>La <span class=\"__1 _5\"></span>firma <span class=\"__1 _70\"></span>qu<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>h<span class=\"__1 _6\"></span>a <span class=\"__1 _5\"></span>auditado las <span class=\"__1 _70\"></span>cuentas de <span class=\"__1 _70\"></span>las <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>ociedades que <span class=\"__1 _70\"></span>con<span class=\"__1 _6\"></span>forman <span class=\"__1 _5\"></span>el <span class=\"__1 _70\"></span>Grupo ENCE <span class=\"__1 _5\"></span>(v\u00e9ase <span class=\"__1 _5\"></span>Anexo <span class=\"__1 _5\"></span>I) <span class=\"__1 _5\"></span>en 2023<span class=\"__1 _1bc\"> </span>y 2022 ha sido<span class=\"__1 _6\"></span> KPMG Auditores, S.L.<span class=\"__1 _1bc\"> </span>Durante <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>ejercicios <span class=\"__1 _8\"></span>2023 <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>2022, <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>h<span class=\"__1 _6\"></span>onorarios <span class=\"__1 _8\"></span>relativos <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>servicios <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>audito<span class=\"__1 _6\"></span>r\u00eda <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>cuentas <span class=\"__1 _8\"></span>y <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>otros<span class=\"__1 _1bc\"> </span>servicios prestad<span class=\"__1 _6\"></span>os por el auditor o por empresas<span class=\"__1 _6\"></span> vinculadas a<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span> auditor han s<span class=\"__1 _6\"></span>ido los siguientes:<span class=\"__1 _1bc\"> </span>Los <span class=\"__1 _cb\"> </span>\u00fanicos  servicios  presta<span class=\"__1 _6\"></span>dos  por <span class=\"__1 _cb\"> </span>el  auditor<span class=\"__1 _6\"></span>  en <span class=\"__1 _cb\"> </span>2023,  relacionados <span class=\"__1 _cb\"> </span>con  los <span class=\"__1 _cb\"> </span>servici<span class=\"__1 _5\"></span>os <span class=\"__1 _cb\"> </span>de  auditor\u00eda,  s<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span>corresponden <span class=\"__1 _6\"></span>con <span class=\"__1 _6\"></span>servicios <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>revisi\u00f3n <span class=\"__1 _6\"></span>sobre <span class=\"__1 _6\"></span>ratios <span class=\"__1 _6\"></span>financieros <span class=\"__1 _6\"></span>para <span class=\"__1 _6\"></span>atender <span class=\"__1 _6\"></span>a las <span class=\"__1 _6\"></span>obligacion<span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>recogidas <span class=\"__1 _6\"></span>en<span class=\"__1 _1bc\"> </span>los <span class=\"__1 _c6\"> </span>contratos<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>financiaci\u00f3n<span class=\"__1 _6\"></span>, <span class=\"__1 _c6\"> </span>serv<span class=\"__1 _6\"></span>icios <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>verificaci\u00f3n <span class=\"__1 _c6\"> </span>de<span class=\"__1 _6\"></span>l <span class=\"__1 _c6\"> </span>sis<span class=\"__1 _6\"></span>tema <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>control <span class=\"__1 _c6\"> </span>in<span class=\"__1 _6\"></span>terno <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c6\"> </span>infor<span class=\"__1 _6\"></span>maci\u00f3n<span class=\"__1 _1bc\"> </span>financiera <span class=\"__1 _c8\"></span><span class=\"ls16\">y <span class=\"__1 _4\"></span></span>s<span class=\"__1 _6\"></span>ervicios <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>r<span class=\"__1 _6\"></span>evisi\u00f3n <span class=\"__1 _c8\"> </span>de<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>eterminadas <span class=\"__1 _c8\"></span>magnitud<span class=\"__1 _6\"></span>es <span class=\"__1 _c8\"></span>financieras <span class=\"__1 _c8\"></span>para <span class=\"__1 _c8\"></span>acreditar <span class=\"__1 _c8\"></span>la <span class=\"__1 _c8\"></span>condici\u00f3n <span class=\"__1 _c8\"></span>de<span class=\"__1 _1bc\"> </span>consumidor <span class=\"__1 _6\"></span>electrointensivo<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>as\u00ed como <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>periodo <span class=\"__1 _6\"></span>medio d<span class=\"__1 _6\"></span>e p<span class=\"__1 _6\"></span>ago legal <span class=\"__1 _8\"></span>en varias<span class=\"__1 _6\"></span> insta<span class=\"__1 _6\"></span>laciones del <span class=\"__1 _6\"></span>Grupo<span class=\"__1 _6\"></span>. Por<span class=\"__1 _1bc\"> </span>su <span class=\"__1 _8\"></span>parte <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>apartad<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>\u201c<span class=\"__1 _6\"></span>Otros <span class=\"__1 _8\"></span>servicios\u201d <span class=\"__1 _8\"></span>incluye <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>rincipalmente <span class=\"__1 _4\"></span><span class=\"ff4\">servicios <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>verificaci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>informaci\u00f3n <span class=\"__1 _8\"></span>no<span class=\"__1 _1bc\"> </span></span>financiera<span class=\"ls17\">. </span>M<span class=\"__1 _5\"></span>il<span class=\"__1 _70\"></span>e<span class=\"__1 _6\"></span>s \u20ac<span class=\"__1 _b8\"> </span><span class=\"ff3_1 ls4b\">2023<span class=\"__1 _18\"> </span>2022<span class=\"__1 _1bc\"> </span></span>Se<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _4\"></span>os<span class=\"__1 _8\"></span> de<span class=\"__1 _5\"></span> a<span class=\"__1 _8\"></span>udi<span class=\"__1 _4\"></span>t<span class=\"__1 _70\"></span>or<span class=\"__1 _6\"></span>\u00eda<span class=\"__1 _10d\"> </span><span class=\"ls4b\">235<span class=\"__1 _a\"> </span>235<span class=\"__1 _1bc\"> </span></span>Se<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _4\"></span>os<span class=\"__1 _8\"></span> r<span class=\"__1 _6\"></span>e<span class=\"__1 _70\"></span>l<span class=\"__1 _4\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _4\"></span>ona<span class=\"__1 _8\"></span>dos<span class=\"__1 _8\"></span> c<span class=\"__1 _8\"></span>on l<span class=\"__1 _4\"></span>a<span class=\"__1 _6\"></span> a<span class=\"__1 _8\"></span>udi<span class=\"__1 _4\"></span>t<span class=\"__1 _70\"></span>or<span class=\"__1 _8\"></span>\u00eda<span class=\"__1 _10c\"> </span><span class=\"ls4b\">25<span class=\"__1 _79\"> </span>13<span class=\"__1 _1bc\"> </span></span>Otr<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> s<span class=\"__1 _8\"></span>ervi<span class=\"__1 _4\"></span>ci<span class=\"__1 _4\"></span>os<span class=\"__1 _13c\"> </span><span class=\"ls4b\">56<span class=\"__1 _3f\"> </span>43<span class=\"__1 _1bc\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-538": {
   "value": "13.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Gastos e ingresos financieros<span class=\"__1 _1bc\"> </span></span></span>El <span class=\"__1 _4\"></span>detalle <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>estos <span class=\"__1 _8\"></span>ep\u00edgrafes <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>Estad<span class=\"__1 _6\"></span>o <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>Resultado <span class=\"__1 _8\"></span>Consolida<span class=\"__1 _6\"></span>do <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>los <span class=\"__1 _4\"></span>ejerci<span class=\"__1 _5\"></span>cios <span class=\"__1 _4\"></span>2023 <span class=\"__1 _8\"></span>y <span class=\"__1 _4\"></span>2022 <span class=\"__1 _8\"></span>es <span class=\"__1 _4\"></span>como<span class=\"__1 _1bc\"> </span>sigue:<span class=\"__1 _1bc\"> </span>La cuenta <span class=\"__1 _6\"></span>\u201cOtros<span class=\"__1 _6\"></span> ingresos <span class=\"__1 _6\"></span>finan<span class=\"__1 _6\"></span>cieros\u201d recog<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span><span class=\"ff4\">principal<span class=\"__1 _6\"></span>mente la <span class=\"__1 _6\"></span>remunerac<span class=\"__1 _6\"></span>i\u00f3n o<span class=\"__1 _6\"></span>btenida <span class=\"__1 _6\"></span>de los<span class=\"__1 _6\"></span> excedentes<span class=\"__1 _6\"></span> de<span class=\"__1 _1bc\"> </span></span>tesorer\u00eda.<span class=\"__1 _1bc\"> </span>Tot<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _bb\"> </span>Total<span class=\"__1 _1bc\"> </span>Ga<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>tos<span class=\"__1 _8\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>ro<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>-<span class=\"__1 _1bc\"> </span>Bono Co<span class=\"__1 _6\"></span>nverti<span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _13d\"> </span><span class=\"ls4c\">                (19<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>)<span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _6\"></span>                (1<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>3)<span class=\"__1 _c7\"> </span>            (2<span class=\"__1 _6\"></span>.28<span class=\"__1 _6\"></span>5)<span class=\"__1 _2a\"> </span>                     -   <span class=\"__1 _4\"> </span>            (2.28<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>Ob<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>ga<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span> / Not<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _13e\"> </span><span class=\"ls4c\">                     -   <span class=\"__1 _4\"> </span>            (5.46<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (5.46<span class=\"__1 _6\"></span>0)<span class=\"__1 _106\"> </span>                     -   <span class=\"__1 _c8\"> </span>            (3.09<span class=\"__1 _6\"></span>1)<span class=\"__1 _cf\"> </span>            (3<span class=\"__1 _6\"></span>.091<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>Pr<span class=\"__1 _6\"></span>\u00e9s<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>mos<span class=\"__1 _6\"></span>, l<span class=\"__1 _6\"></span>\u00edn<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> de cr<span class=\"__1 _6\"></span>\u00e9di<span class=\"__1 _6\"></span>to y o<span class=\"__1 _6\"></span>tros<span class=\"__1 _11c\"> </span><span class=\"ls4c\">          (1<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.882<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (3.52<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (20<span class=\"__1 _6\"></span>.40<span class=\"__1 _6\"></span>2)<span class=\"__1 _bd\"> </span>            (3<span class=\"__1 _6\"></span>.453<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (2.25<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (5.70<span class=\"__1 _6\"></span>9)<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>tua<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>za<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _6\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _8\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span> Va<span class=\"__1 _6\"></span>j<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>m y ot<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> (Not<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>23<span class=\"__1 _6\"></span> y 2<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>)<span class=\"__1 _cc\"> </span><span class=\"ls4c\">            (3<span class=\"__1 _6\"></span>.55<span class=\"__1 _6\"></span>5)<span class=\"__1 _cf\"> </span>            (5<span class=\"__1 _6\"></span>.598<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (9.15<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>)<span class=\"__1 _b7\"> </span>            (2<span class=\"__1 _6\"></span>.64<span class=\"__1 _6\"></span>2)<span class=\"__1 _cf\"> </span>            (6<span class=\"__1 _6\"></span>.215<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (8.85<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>Comi<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> y otr<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> ga<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>os<span class=\"__1 _13f\"> </span><span class=\"ls4c\">            (1.28<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)<span class=\"__1 _ce\"> </span>            (1<span class=\"__1 _6\"></span>.47<span class=\"__1 _6\"></span>1)<span class=\"__1 _cf\"> </span>            (2<span class=\"__1 _6\"></span>.751<span class=\"__1 _6\"></span>)<span class=\"__1 _bd\"> </span>            (1.76<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (2.44<span class=\"__1 _6\"></span>9)<span class=\"__1 _cf\"> </span>            (4<span class=\"__1 _6\"></span>.211<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>Ca<span class=\"__1 _6\"></span>pi<span class=\"__1 _8\"></span>ta<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>za<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> ga<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>tos<span class=\"__1 _6\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _8\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>ro<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> (N<span class=\"__1 _5\"></span>ota<span class=\"__1 _6\"></span> 1<span class=\"__1 _6\"></span>8)<span class=\"__1 _8b\"> </span><span class=\"ls4c\">                 3<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>6 <span class=\"__1 _cf\"> </span>                      9<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                 32<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _b7\"> </span>                 2<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>7 <span class=\"__1 _cd\"> </span>                    2<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                 27<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span></span>Re<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>tado<span class=\"__1 _6\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>o i<span class=\"__1 _8\"></span>ntra<span class=\"__1 _8\"></span>-neg<span class=\"__1 _5\"></span>oc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _de\"> </span><span class=\"ls4c\">                 78<span class=\"__1 _6\"></span>7 <span class=\"__1 _c9\"> </span>                (78<span class=\"__1 _6\"></span>7)<span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _5c\"> </span>              1.02<span class=\"__1 _6\"></span>2 <span class=\"__1 _c9\"> </span>            (1.02<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>)<span class=\"__1 _d0\"> </span>                     -  </span>De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>hos<span class=\"__1 _8\"></span> de us<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>br<span class=\"__1 _6\"></span>e ac<span class=\"__1 _6\"></span>ti<span class=\"__1 _8\"></span>vos<span class=\"__1 _8\"></span> (Not<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span> 1<span class=\"__1 _6\"></span>7)<span class=\"__1 _e\"> </span><span class=\"ls4c\">            (2.27<span class=\"__1 _6\"></span>4)<span class=\"__1 _cd\"> </span>                  (9<span class=\"__1 _6\"></span>0)<span class=\"__1 _cf\"> </span>            (2<span class=\"__1 _6\"></span>.364<span class=\"__1 _6\"></span>)<span class=\"__1 _bd\"> </span>            (1.92<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>                  (51<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (1.97<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>)</span>          (23<span class=\"__1 _6\"></span>.08<span class=\"__1 _6\"></span>1)<span class=\"__1 _cd\"> </span>          (1<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.917<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (39<span class=\"__1 _6\"></span>.99<span class=\"__1 _6\"></span>8)<span class=\"__1 _c7\"> </span>          (1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.800<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (1<span class=\"__1 _6\"></span>5.05<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (25<span class=\"__1 _6\"></span>.85<span class=\"__1 _6\"></span>9)<span class=\"__1 _1bc\"> </span>I<span class=\"__1 _6\"></span>ngr<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>ro<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>-<span class=\"__1 _1bc\"> </span>Contra<span class=\"__1 _8\"></span>pr<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>tac<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _6\"></span> c<span class=\"__1 _6\"></span>onti<span class=\"__1 _8\"></span>nge<span class=\"__1 _5\"></span>nte<span class=\"__1 _70\"></span> (Nota <span class=\"__1 _6\"></span>27<span class=\"__1 _6\"></span>)<span class=\"__1 _52\"> </span><span class=\"ls4c\">                 869<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>                 15<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>              1.02<span class=\"__1 _6\"></span>5 <span class=\"__1 _c7\"> </span>                 8<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>1 <span class=\"__1 _cf\"> </span>                 1<span class=\"__1 _6\"></span>44<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>              1.00<span class=\"__1 _6\"></span>5<span class=\"__1 _1bc\"> </span></span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> i<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>gres<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _8\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>os<span class=\"__1 _144\"> </span><span class=\"ls4c\">              4.75<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                 77<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>              5<span class=\"__1 _6\"></span>.53<span class=\"__1 _6\"></span>5 <span class=\"__1 _145\"> </span>                    34<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>                    3<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>                    6<span class=\"__1 _6\"></span>7</span>              5.62<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                 93<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>              6<span class=\"__1 _6\"></span>.56<span class=\"__1 _6\"></span>0 <span class=\"__1 _c7\"> </span>                 8<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>5 <span class=\"__1 _cf\"> </span>                 1<span class=\"__1 _6\"></span>77<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>              1.07<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>va<span class=\"__1 _6\"></span>do<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e cobertur<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>-  Li<span class=\"__1 _6\"></span>qui<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n I<span class=\"__1 _8\"></span>RSwap<span class=\"__1 _6\"></span> (Not<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span> 3<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)<span class=\"__1 _146\"> </span><span class=\"ls4c\">                    86<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              3.15<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              3.24<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _a8\"> </span>                     -   <span class=\"__1 _4\"> </span>            (1<span class=\"__1 _6\"></span>.46<span class=\"__1 _6\"></span>9)<span class=\"__1 _cf\"> </span>            (1<span class=\"__1 _6\"></span>.469<span class=\"__1 _6\"></span>)</span>                    86<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              3.15<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              3.24<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _a8\"> </span>                     -   <span class=\"__1 _4\"> </span>            (1<span class=\"__1 _6\"></span>.46<span class=\"__1 _6\"></span>9)<span class=\"__1 _cf\"> </span>            (1<span class=\"__1 _6\"></span>.469<span class=\"__1 _6\"></span>)          (17<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>36<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (12.82<span class=\"__1 _6\"></span>6)<span class=\"__1 _cd\"> </span>          (3<span class=\"__1 _6\"></span>0.193<span class=\"__1 _6\"></span>)<span class=\"__1 _bd\"> </span>            (9.905<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (16<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>35<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (26.25<span class=\"__1 _6\"></span>6)<span class=\"__1 _1bc\"> </span>31/12/2023<span class=\"__1 _1bc\"> </span>31/12/2022<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de e<span class=\"__1 _5\"></span>ur<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Ce<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>nova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Ce<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>nova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceCostExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-539": {
   "value": "13.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Gastos e ingresos financieros<span class=\"__1 _1bc\"> </span></span></span>El <span class=\"__1 _4\"></span>detalle <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>estos <span class=\"__1 _8\"></span>ep\u00edgrafes <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>Estad<span class=\"__1 _6\"></span>o <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>Resultado <span class=\"__1 _8\"></span>Consolida<span class=\"__1 _6\"></span>do <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>los <span class=\"__1 _4\"></span>ejerci<span class=\"__1 _5\"></span>cios <span class=\"__1 _4\"></span>2023 <span class=\"__1 _8\"></span>y <span class=\"__1 _4\"></span>2022 <span class=\"__1 _8\"></span>es <span class=\"__1 _4\"></span>como<span class=\"__1 _1bc\"> </span>sigue:<span class=\"__1 _1bc\"> </span>La cuenta <span class=\"__1 _6\"></span>\u201cOtros<span class=\"__1 _6\"></span> ingresos <span class=\"__1 _6\"></span>finan<span class=\"__1 _6\"></span>cieros\u201d recog<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span><span class=\"ff4\">principal<span class=\"__1 _6\"></span>mente la <span class=\"__1 _6\"></span>remunerac<span class=\"__1 _6\"></span>i\u00f3n o<span class=\"__1 _6\"></span>btenida <span class=\"__1 _6\"></span>de los<span class=\"__1 _6\"></span> excedentes<span class=\"__1 _6\"></span> de<span class=\"__1 _1bc\"> </span></span>tesorer\u00eda.<span class=\"__1 _1bc\"> </span>Tot<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _bb\"> </span>Total<span class=\"__1 _1bc\"> </span>Ga<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>tos<span class=\"__1 _8\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>ro<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>-<span class=\"__1 _1bc\"> </span>Bono Co<span class=\"__1 _6\"></span>nverti<span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _13d\"> </span><span class=\"ls4c\">                (19<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>)<span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _6\"></span>                (1<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>3)<span class=\"__1 _c7\"> </span>            (2<span class=\"__1 _6\"></span>.28<span class=\"__1 _6\"></span>5)<span class=\"__1 _2a\"> </span>                     -   <span class=\"__1 _4\"> </span>            (2.28<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>Ob<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>ga<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span> / Not<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _13e\"> </span><span class=\"ls4c\">                     -   <span class=\"__1 _4\"> </span>            (5.46<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (5.46<span class=\"__1 _6\"></span>0)<span class=\"__1 _106\"> </span>                     -   <span class=\"__1 _c8\"> </span>            (3.09<span class=\"__1 _6\"></span>1)<span class=\"__1 _cf\"> </span>            (3<span class=\"__1 _6\"></span>.091<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>Pr<span class=\"__1 _6\"></span>\u00e9s<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>mos<span class=\"__1 _6\"></span>, l<span class=\"__1 _6\"></span>\u00edn<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> de cr<span class=\"__1 _6\"></span>\u00e9di<span class=\"__1 _6\"></span>to y o<span class=\"__1 _6\"></span>tros<span class=\"__1 _11c\"> </span><span class=\"ls4c\">          (1<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.882<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (3.52<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (20<span class=\"__1 _6\"></span>.40<span class=\"__1 _6\"></span>2)<span class=\"__1 _bd\"> </span>            (3<span class=\"__1 _6\"></span>.453<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (2.25<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (5.70<span class=\"__1 _6\"></span>9)<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>tua<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>za<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _6\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _8\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span> Va<span class=\"__1 _6\"></span>j<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>m y ot<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> (Not<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>23<span class=\"__1 _6\"></span> y 2<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>)<span class=\"__1 _cc\"> </span><span class=\"ls4c\">            (3<span class=\"__1 _6\"></span>.55<span class=\"__1 _6\"></span>5)<span class=\"__1 _cf\"> </span>            (5<span class=\"__1 _6\"></span>.598<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (9.15<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>)<span class=\"__1 _b7\"> </span>            (2<span class=\"__1 _6\"></span>.64<span class=\"__1 _6\"></span>2)<span class=\"__1 _cf\"> </span>            (6<span class=\"__1 _6\"></span>.215<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (8.85<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>Comi<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> y otr<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> ga<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>os<span class=\"__1 _13f\"> </span><span class=\"ls4c\">            (1.28<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)<span class=\"__1 _ce\"> </span>            (1<span class=\"__1 _6\"></span>.47<span class=\"__1 _6\"></span>1)<span class=\"__1 _cf\"> </span>            (2<span class=\"__1 _6\"></span>.751<span class=\"__1 _6\"></span>)<span class=\"__1 _bd\"> </span>            (1.76<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (2.44<span class=\"__1 _6\"></span>9)<span class=\"__1 _cf\"> </span>            (4<span class=\"__1 _6\"></span>.211<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>Ca<span class=\"__1 _6\"></span>pi<span class=\"__1 _8\"></span>ta<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>za<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> ga<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>tos<span class=\"__1 _6\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _8\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>ro<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> (N<span class=\"__1 _5\"></span>ota<span class=\"__1 _6\"></span> 1<span class=\"__1 _6\"></span>8)<span class=\"__1 _8b\"> </span><span class=\"ls4c\">                 3<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>6 <span class=\"__1 _cf\"> </span>                      9<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                 32<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _b7\"> </span>                 2<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>7 <span class=\"__1 _cd\"> </span>                    2<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                 27<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span></span>Re<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>tado<span class=\"__1 _6\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>o i<span class=\"__1 _8\"></span>ntra<span class=\"__1 _8\"></span>-neg<span class=\"__1 _5\"></span>oc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _de\"> </span><span class=\"ls4c\">                 78<span class=\"__1 _6\"></span>7 <span class=\"__1 _c9\"> </span>                (78<span class=\"__1 _6\"></span>7)<span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _5c\"> </span>              1.02<span class=\"__1 _6\"></span>2 <span class=\"__1 _c9\"> </span>            (1.02<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>)<span class=\"__1 _d0\"> </span>                     -  </span>De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>hos<span class=\"__1 _8\"></span> de us<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>br<span class=\"__1 _6\"></span>e ac<span class=\"__1 _6\"></span>ti<span class=\"__1 _8\"></span>vos<span class=\"__1 _8\"></span> (Not<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span> 1<span class=\"__1 _6\"></span>7)<span class=\"__1 _e\"> </span><span class=\"ls4c\">            (2.27<span class=\"__1 _6\"></span>4)<span class=\"__1 _cd\"> </span>                  (9<span class=\"__1 _6\"></span>0)<span class=\"__1 _cf\"> </span>            (2<span class=\"__1 _6\"></span>.364<span class=\"__1 _6\"></span>)<span class=\"__1 _bd\"> </span>            (1.92<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>                  (51<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (1.97<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>)</span>          (23<span class=\"__1 _6\"></span>.08<span class=\"__1 _6\"></span>1)<span class=\"__1 _cd\"> </span>          (1<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.917<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (39<span class=\"__1 _6\"></span>.99<span class=\"__1 _6\"></span>8)<span class=\"__1 _c7\"> </span>          (1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.800<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (1<span class=\"__1 _6\"></span>5.05<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (25<span class=\"__1 _6\"></span>.85<span class=\"__1 _6\"></span>9)<span class=\"__1 _1bc\"> </span>I<span class=\"__1 _6\"></span>ngr<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>ro<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>-<span class=\"__1 _1bc\"> </span>Contra<span class=\"__1 _8\"></span>pr<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>tac<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _6\"></span> c<span class=\"__1 _6\"></span>onti<span class=\"__1 _8\"></span>nge<span class=\"__1 _5\"></span>nte<span class=\"__1 _70\"></span> (Nota <span class=\"__1 _6\"></span>27<span class=\"__1 _6\"></span>)<span class=\"__1 _52\"> </span><span class=\"ls4c\">                 869<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>                 15<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>              1.02<span class=\"__1 _6\"></span>5 <span class=\"__1 _c7\"> </span>                 8<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>1 <span class=\"__1 _cf\"> </span>                 1<span class=\"__1 _6\"></span>44<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>              1.00<span class=\"__1 _6\"></span>5<span class=\"__1 _1bc\"> </span></span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> i<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>gres<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _8\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>os<span class=\"__1 _144\"> </span><span class=\"ls4c\">              4.75<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                 77<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>              5<span class=\"__1 _6\"></span>.53<span class=\"__1 _6\"></span>5 <span class=\"__1 _145\"> </span>                    34<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>                    3<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>                    6<span class=\"__1 _6\"></span>7</span>              5.62<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                 93<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>              6<span class=\"__1 _6\"></span>.56<span class=\"__1 _6\"></span>0 <span class=\"__1 _c7\"> </span>                 8<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>5 <span class=\"__1 _cf\"> </span>                 1<span class=\"__1 _6\"></span>77<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>              1.07<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>va<span class=\"__1 _6\"></span>do<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e cobertur<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>-  Li<span class=\"__1 _6\"></span>qui<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n I<span class=\"__1 _8\"></span>RSwap<span class=\"__1 _6\"></span> (Not<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span> 3<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)<span class=\"__1 _146\"> </span><span class=\"ls4c\">                    86<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              3.15<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              3.24<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _a8\"> </span>                     -   <span class=\"__1 _4\"> </span>            (1<span class=\"__1 _6\"></span>.46<span class=\"__1 _6\"></span>9)<span class=\"__1 _cf\"> </span>            (1<span class=\"__1 _6\"></span>.469<span class=\"__1 _6\"></span>)</span>                    86<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              3.15<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              3.24<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _a8\"> </span>                     -   <span class=\"__1 _4\"> </span>            (1<span class=\"__1 _6\"></span>.46<span class=\"__1 _6\"></span>9)<span class=\"__1 _cf\"> </span>            (1<span class=\"__1 _6\"></span>.469<span class=\"__1 _6\"></span>)          (17<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>36<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (12.82<span class=\"__1 _6\"></span>6)<span class=\"__1 _cd\"> </span>          (3<span class=\"__1 _6\"></span>0.193<span class=\"__1 _6\"></span>)<span class=\"__1 _bd\"> </span>            (9.905<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (16<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>35<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (26.25<span class=\"__1 _6\"></span>6)<span class=\"__1 _1bc\"> </span>31/12/2023<span class=\"__1 _1bc\"> </span>31/12/2022<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de e<span class=\"__1 _5\"></span>ur<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Ce<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>nova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Ce<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>nova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-540": {
   "value": "13.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Gastos e ingresos financieros<span class=\"__1 _1bc\"> </span></span></span>El <span class=\"__1 _4\"></span>detalle <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>estos <span class=\"__1 _8\"></span>ep\u00edgrafes <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>Estad<span class=\"__1 _6\"></span>o <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>Resultado <span class=\"__1 _8\"></span>Consolida<span class=\"__1 _6\"></span>do <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>los <span class=\"__1 _4\"></span>ejerci<span class=\"__1 _5\"></span>cios <span class=\"__1 _4\"></span>2023 <span class=\"__1 _8\"></span>y <span class=\"__1 _4\"></span>2022 <span class=\"__1 _8\"></span>es <span class=\"__1 _4\"></span>como<span class=\"__1 _1bc\"> </span>sigue:<span class=\"__1 _1bc\"> </span>La cuenta <span class=\"__1 _6\"></span>\u201cOtros<span class=\"__1 _6\"></span> ingresos <span class=\"__1 _6\"></span>finan<span class=\"__1 _6\"></span>cieros\u201d recog<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span><span class=\"ff4\">principal<span class=\"__1 _6\"></span>mente la <span class=\"__1 _6\"></span>remunerac<span class=\"__1 _6\"></span>i\u00f3n o<span class=\"__1 _6\"></span>btenida <span class=\"__1 _6\"></span>de los<span class=\"__1 _6\"></span> excedentes<span class=\"__1 _6\"></span> de<span class=\"__1 _1bc\"> </span></span>tesorer\u00eda.<span class=\"__1 _1bc\"> </span>Tot<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _bb\"> </span>Total<span class=\"__1 _1bc\"> </span>Ga<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>tos<span class=\"__1 _8\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>ro<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>-<span class=\"__1 _1bc\"> </span>Bono Co<span class=\"__1 _6\"></span>nverti<span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _13d\"> </span><span class=\"ls4c\">                (19<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>)<span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _6\"></span>                (1<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>3)<span class=\"__1 _c7\"> </span>            (2<span class=\"__1 _6\"></span>.28<span class=\"__1 _6\"></span>5)<span class=\"__1 _2a\"> </span>                     -   <span class=\"__1 _4\"> </span>            (2.28<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>Ob<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>ga<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span> / Not<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _13e\"> </span><span class=\"ls4c\">                     -   <span class=\"__1 _4\"> </span>            (5.46<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (5.46<span class=\"__1 _6\"></span>0)<span class=\"__1 _106\"> </span>                     -   <span class=\"__1 _c8\"> </span>            (3.09<span class=\"__1 _6\"></span>1)<span class=\"__1 _cf\"> </span>            (3<span class=\"__1 _6\"></span>.091<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>Pr<span class=\"__1 _6\"></span>\u00e9s<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>mos<span class=\"__1 _6\"></span>, l<span class=\"__1 _6\"></span>\u00edn<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> de cr<span class=\"__1 _6\"></span>\u00e9di<span class=\"__1 _6\"></span>to y o<span class=\"__1 _6\"></span>tros<span class=\"__1 _11c\"> </span><span class=\"ls4c\">          (1<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.882<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (3.52<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (20<span class=\"__1 _6\"></span>.40<span class=\"__1 _6\"></span>2)<span class=\"__1 _bd\"> </span>            (3<span class=\"__1 _6\"></span>.453<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (2.25<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (5.70<span class=\"__1 _6\"></span>9)<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>tua<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>za<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _6\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _8\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span> Va<span class=\"__1 _6\"></span>j<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>m y ot<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> (Not<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>23<span class=\"__1 _6\"></span> y 2<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>)<span class=\"__1 _cc\"> </span><span class=\"ls4c\">            (3<span class=\"__1 _6\"></span>.55<span class=\"__1 _6\"></span>5)<span class=\"__1 _cf\"> </span>            (5<span class=\"__1 _6\"></span>.598<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (9.15<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>)<span class=\"__1 _b7\"> </span>            (2<span class=\"__1 _6\"></span>.64<span class=\"__1 _6\"></span>2)<span class=\"__1 _cf\"> </span>            (6<span class=\"__1 _6\"></span>.215<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (8.85<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>Comi<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> y otr<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> ga<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>os<span class=\"__1 _13f\"> </span><span class=\"ls4c\">            (1.28<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)<span class=\"__1 _ce\"> </span>            (1<span class=\"__1 _6\"></span>.47<span class=\"__1 _6\"></span>1)<span class=\"__1 _cf\"> </span>            (2<span class=\"__1 _6\"></span>.751<span class=\"__1 _6\"></span>)<span class=\"__1 _bd\"> </span>            (1.76<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (2.44<span class=\"__1 _6\"></span>9)<span class=\"__1 _cf\"> </span>            (4<span class=\"__1 _6\"></span>.211<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>Ca<span class=\"__1 _6\"></span>pi<span class=\"__1 _8\"></span>ta<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>za<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> ga<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>tos<span class=\"__1 _6\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _8\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>ro<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> (N<span class=\"__1 _5\"></span>ota<span class=\"__1 _6\"></span> 1<span class=\"__1 _6\"></span>8)<span class=\"__1 _8b\"> </span><span class=\"ls4c\">                 3<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>6 <span class=\"__1 _cf\"> </span>                      9<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                 32<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _b7\"> </span>                 2<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>7 <span class=\"__1 _cd\"> </span>                    2<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                 27<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span></span>Re<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>tado<span class=\"__1 _6\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>o i<span class=\"__1 _8\"></span>ntra<span class=\"__1 _8\"></span>-neg<span class=\"__1 _5\"></span>oc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _de\"> </span><span class=\"ls4c\">                 78<span class=\"__1 _6\"></span>7 <span class=\"__1 _c9\"> </span>                (78<span class=\"__1 _6\"></span>7)<span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _5c\"> </span>              1.02<span class=\"__1 _6\"></span>2 <span class=\"__1 _c9\"> </span>            (1.02<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>)<span class=\"__1 _d0\"> </span>                     -  </span>De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>hos<span class=\"__1 _8\"></span> de us<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>br<span class=\"__1 _6\"></span>e ac<span class=\"__1 _6\"></span>ti<span class=\"__1 _8\"></span>vos<span class=\"__1 _8\"></span> (Not<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span> 1<span class=\"__1 _6\"></span>7)<span class=\"__1 _e\"> </span><span class=\"ls4c\">            (2.27<span class=\"__1 _6\"></span>4)<span class=\"__1 _cd\"> </span>                  (9<span class=\"__1 _6\"></span>0)<span class=\"__1 _cf\"> </span>            (2<span class=\"__1 _6\"></span>.364<span class=\"__1 _6\"></span>)<span class=\"__1 _bd\"> </span>            (1.92<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>                  (51<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (1.97<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>)</span>          (23<span class=\"__1 _6\"></span>.08<span class=\"__1 _6\"></span>1)<span class=\"__1 _cd\"> </span>          (1<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.917<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (39<span class=\"__1 _6\"></span>.99<span class=\"__1 _6\"></span>8)<span class=\"__1 _c7\"> </span>          (1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.800<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (1<span class=\"__1 _6\"></span>5.05<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (25<span class=\"__1 _6\"></span>.85<span class=\"__1 _6\"></span>9)<span class=\"__1 _1bc\"> </span>I<span class=\"__1 _6\"></span>ngr<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>ro<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>-<span class=\"__1 _1bc\"> </span>Contra<span class=\"__1 _8\"></span>pr<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>tac<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _6\"></span> c<span class=\"__1 _6\"></span>onti<span class=\"__1 _8\"></span>nge<span class=\"__1 _5\"></span>nte<span class=\"__1 _70\"></span> (Nota <span class=\"__1 _6\"></span>27<span class=\"__1 _6\"></span>)<span class=\"__1 _52\"> </span><span class=\"ls4c\">                 869<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>                 15<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>              1.02<span class=\"__1 _6\"></span>5 <span class=\"__1 _c7\"> </span>                 8<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>1 <span class=\"__1 _cf\"> </span>                 1<span class=\"__1 _6\"></span>44<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>              1.00<span class=\"__1 _6\"></span>5<span class=\"__1 _1bc\"> </span></span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> i<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>gres<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _8\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>os<span class=\"__1 _144\"> </span><span class=\"ls4c\">              4.75<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                 77<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>              5<span class=\"__1 _6\"></span>.53<span class=\"__1 _6\"></span>5 <span class=\"__1 _145\"> </span>                    34<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>                    3<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>                    6<span class=\"__1 _6\"></span>7</span>              5.62<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                 93<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>              6<span class=\"__1 _6\"></span>.56<span class=\"__1 _6\"></span>0 <span class=\"__1 _c7\"> </span>                 8<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>5 <span class=\"__1 _cf\"> </span>                 1<span class=\"__1 _6\"></span>77<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>              1.07<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>va<span class=\"__1 _6\"></span>do<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e cobertur<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>-  Li<span class=\"__1 _6\"></span>qui<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n I<span class=\"__1 _8\"></span>RSwap<span class=\"__1 _6\"></span> (Not<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span> 3<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)<span class=\"__1 _146\"> </span><span class=\"ls4c\">                    86<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              3.15<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              3.24<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _a8\"> </span>                     -   <span class=\"__1 _4\"> </span>            (1<span class=\"__1 _6\"></span>.46<span class=\"__1 _6\"></span>9)<span class=\"__1 _cf\"> </span>            (1<span class=\"__1 _6\"></span>.469<span class=\"__1 _6\"></span>)</span>                    86<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              3.15<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              3.24<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _a8\"> </span>                     -   <span class=\"__1 _4\"> </span>            (1<span class=\"__1 _6\"></span>.46<span class=\"__1 _6\"></span>9)<span class=\"__1 _cf\"> </span>            (1<span class=\"__1 _6\"></span>.469<span class=\"__1 _6\"></span>)          (17<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>36<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (12.82<span class=\"__1 _6\"></span>6)<span class=\"__1 _cd\"> </span>          (3<span class=\"__1 _6\"></span>0.193<span class=\"__1 _6\"></span>)<span class=\"__1 _bd\"> </span>            (9.905<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (16<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>35<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (26.25<span class=\"__1 _6\"></span>6)<span class=\"__1 _1bc\"> </span>31/12/2023<span class=\"__1 _1bc\"> </span>31/12/2022<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de e<span class=\"__1 _5\"></span>ur<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Ce<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>nova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Ce<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>nova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-523": {
   "value": "13.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Gastos e ingresos financieros<span class=\"__1 _1bc\"> </span></span></span>El <span class=\"__1 _4\"></span>detalle <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>estos <span class=\"__1 _8\"></span>ep\u00edgrafes <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>Estad<span class=\"__1 _6\"></span>o <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>Resultado <span class=\"__1 _8\"></span>Consolida<span class=\"__1 _6\"></span>do <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>los <span class=\"__1 _4\"></span>ejerci<span class=\"__1 _5\"></span>cios <span class=\"__1 _4\"></span>2023 <span class=\"__1 _8\"></span>y <span class=\"__1 _4\"></span>2022 <span class=\"__1 _8\"></span>es <span class=\"__1 _4\"></span>como<span class=\"__1 _1bc\"> </span>sigue:<span class=\"__1 _1bc\"> </span>La cuenta <span class=\"__1 _6\"></span>\u201cOtros<span class=\"__1 _6\"></span> ingresos <span class=\"__1 _6\"></span>finan<span class=\"__1 _6\"></span>cieros\u201d recog<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span><span class=\"ff4\">principal<span class=\"__1 _6\"></span>mente la <span class=\"__1 _6\"></span>remunerac<span class=\"__1 _6\"></span>i\u00f3n o<span class=\"__1 _6\"></span>btenida <span class=\"__1 _6\"></span>de los<span class=\"__1 _6\"></span> excedentes<span class=\"__1 _6\"></span> de<span class=\"__1 _1bc\"> </span></span>tesorer\u00eda.<span class=\"__1 _1bc\"> </span>Tot<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _bb\"> </span>Total<span class=\"__1 _1bc\"> </span>Ga<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>tos<span class=\"__1 _8\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>ro<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>-<span class=\"__1 _1bc\"> </span>Bono Co<span class=\"__1 _6\"></span>nverti<span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _13d\"> </span><span class=\"ls4c\">                (19<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>)<span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _6\"></span>                (1<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>3)<span class=\"__1 _c7\"> </span>            (2<span class=\"__1 _6\"></span>.28<span class=\"__1 _6\"></span>5)<span class=\"__1 _2a\"> </span>                     -   <span class=\"__1 _4\"> </span>            (2.28<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>Ob<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>ga<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span> / Not<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _13e\"> </span><span class=\"ls4c\">                     -   <span class=\"__1 _4\"> </span>            (5.46<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (5.46<span class=\"__1 _6\"></span>0)<span class=\"__1 _106\"> </span>                     -   <span class=\"__1 _c8\"> </span>            (3.09<span class=\"__1 _6\"></span>1)<span class=\"__1 _cf\"> </span>            (3<span class=\"__1 _6\"></span>.091<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>Pr<span class=\"__1 _6\"></span>\u00e9s<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>mos<span class=\"__1 _6\"></span>, l<span class=\"__1 _6\"></span>\u00edn<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> de cr<span class=\"__1 _6\"></span>\u00e9di<span class=\"__1 _6\"></span>to y o<span class=\"__1 _6\"></span>tros<span class=\"__1 _11c\"> </span><span class=\"ls4c\">          (1<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.882<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (3.52<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (20<span class=\"__1 _6\"></span>.40<span class=\"__1 _6\"></span>2)<span class=\"__1 _bd\"> </span>            (3<span class=\"__1 _6\"></span>.453<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (2.25<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (5.70<span class=\"__1 _6\"></span>9)<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>tua<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>za<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _6\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _8\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span> Va<span class=\"__1 _6\"></span>j<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>m y ot<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> (Not<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>23<span class=\"__1 _6\"></span> y 2<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>)<span class=\"__1 _cc\"> </span><span class=\"ls4c\">            (3<span class=\"__1 _6\"></span>.55<span class=\"__1 _6\"></span>5)<span class=\"__1 _cf\"> </span>            (5<span class=\"__1 _6\"></span>.598<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (9.15<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>)<span class=\"__1 _b7\"> </span>            (2<span class=\"__1 _6\"></span>.64<span class=\"__1 _6\"></span>2)<span class=\"__1 _cf\"> </span>            (6<span class=\"__1 _6\"></span>.215<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (8.85<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>Comi<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> y otr<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> ga<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>os<span class=\"__1 _13f\"> </span><span class=\"ls4c\">            (1.28<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)<span class=\"__1 _ce\"> </span>            (1<span class=\"__1 _6\"></span>.47<span class=\"__1 _6\"></span>1)<span class=\"__1 _cf\"> </span>            (2<span class=\"__1 _6\"></span>.751<span class=\"__1 _6\"></span>)<span class=\"__1 _bd\"> </span>            (1.76<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (2.44<span class=\"__1 _6\"></span>9)<span class=\"__1 _cf\"> </span>            (4<span class=\"__1 _6\"></span>.211<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>Ca<span class=\"__1 _6\"></span>pi<span class=\"__1 _8\"></span>ta<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>za<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> ga<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>tos<span class=\"__1 _6\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _8\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>ro<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> (N<span class=\"__1 _5\"></span>ota<span class=\"__1 _6\"></span> 1<span class=\"__1 _6\"></span>8)<span class=\"__1 _8b\"> </span><span class=\"ls4c\">                 3<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>6 <span class=\"__1 _cf\"> </span>                      9<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                 32<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _b7\"> </span>                 2<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>7 <span class=\"__1 _cd\"> </span>                    2<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                 27<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span></span>Re<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>tado<span class=\"__1 _6\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>o i<span class=\"__1 _8\"></span>ntra<span class=\"__1 _8\"></span>-neg<span class=\"__1 _5\"></span>oc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _de\"> </span><span class=\"ls4c\">                 78<span class=\"__1 _6\"></span>7 <span class=\"__1 _c9\"> </span>                (78<span class=\"__1 _6\"></span>7)<span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _5c\"> </span>              1.02<span class=\"__1 _6\"></span>2 <span class=\"__1 _c9\"> </span>            (1.02<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>)<span class=\"__1 _d0\"> </span>                     -  </span>De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>hos<span class=\"__1 _8\"></span> de us<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>br<span class=\"__1 _6\"></span>e ac<span class=\"__1 _6\"></span>ti<span class=\"__1 _8\"></span>vos<span class=\"__1 _8\"></span> (Not<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span> 1<span class=\"__1 _6\"></span>7)<span class=\"__1 _e\"> </span><span class=\"ls4c\">            (2.27<span class=\"__1 _6\"></span>4)<span class=\"__1 _cd\"> </span>                  (9<span class=\"__1 _6\"></span>0)<span class=\"__1 _cf\"> </span>            (2<span class=\"__1 _6\"></span>.364<span class=\"__1 _6\"></span>)<span class=\"__1 _bd\"> </span>            (1.92<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>                  (51<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (1.97<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>)</span>          (23<span class=\"__1 _6\"></span>.08<span class=\"__1 _6\"></span>1)<span class=\"__1 _cd\"> </span>          (1<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.917<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (39<span class=\"__1 _6\"></span>.99<span class=\"__1 _6\"></span>8)<span class=\"__1 _c7\"> </span>          (1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.800<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (1<span class=\"__1 _6\"></span>5.05<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (25<span class=\"__1 _6\"></span>.85<span class=\"__1 _6\"></span>9)<span class=\"__1 _1bc\"> </span>I<span class=\"__1 _6\"></span>ngr<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>ro<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>-<span class=\"__1 _1bc\"> </span>Contra<span class=\"__1 _8\"></span>pr<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>tac<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _6\"></span> c<span class=\"__1 _6\"></span>onti<span class=\"__1 _8\"></span>nge<span class=\"__1 _5\"></span>nte<span class=\"__1 _70\"></span> (Nota <span class=\"__1 _6\"></span>27<span class=\"__1 _6\"></span>)<span class=\"__1 _52\"> </span><span class=\"ls4c\">                 869<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>                 15<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>              1.02<span class=\"__1 _6\"></span>5 <span class=\"__1 _c7\"> </span>                 8<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>1 <span class=\"__1 _cf\"> </span>                 1<span class=\"__1 _6\"></span>44<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>              1.00<span class=\"__1 _6\"></span>5<span class=\"__1 _1bc\"> </span></span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> i<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>gres<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _8\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>os<span class=\"__1 _144\"> </span><span class=\"ls4c\">              4.75<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                 77<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>              5<span class=\"__1 _6\"></span>.53<span class=\"__1 _6\"></span>5 <span class=\"__1 _145\"> </span>                    34<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>                    3<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>                    6<span class=\"__1 _6\"></span>7</span>              5.62<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                 93<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>              6<span class=\"__1 _6\"></span>.56<span class=\"__1 _6\"></span>0 <span class=\"__1 _c7\"> </span>                 8<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>5 <span class=\"__1 _cf\"> </span>                 1<span class=\"__1 _6\"></span>77<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>              1.07<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>va<span class=\"__1 _6\"></span>do<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e cobertur<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>-  Li<span class=\"__1 _6\"></span>qui<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n I<span class=\"__1 _8\"></span>RSwap<span class=\"__1 _6\"></span> (Not<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span> 3<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)<span class=\"__1 _146\"> </span><span class=\"ls4c\">                    86<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              3.15<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              3.24<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _a8\"> </span>                     -   <span class=\"__1 _4\"> </span>            (1<span class=\"__1 _6\"></span>.46<span class=\"__1 _6\"></span>9)<span class=\"__1 _cf\"> </span>            (1<span class=\"__1 _6\"></span>.469<span class=\"__1 _6\"></span>)</span>                    86<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              3.15<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              3.24<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _a8\"> </span>                     -   <span class=\"__1 _4\"> </span>            (1<span class=\"__1 _6\"></span>.46<span class=\"__1 _6\"></span>9)<span class=\"__1 _cf\"> </span>            (1<span class=\"__1 _6\"></span>.469<span class=\"__1 _6\"></span>)          (17<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>36<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (12.82<span class=\"__1 _6\"></span>6)<span class=\"__1 _cd\"> </span>          (3<span class=\"__1 _6\"></span>0.193<span class=\"__1 _6\"></span>)<span class=\"__1 _bd\"> </span>            (9.905<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (16<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>35<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (26.25<span class=\"__1 _6\"></span>6)<span class=\"__1 _1bc\"> </span>31/12/2023<span class=\"__1 _1bc\"> </span>31/12/2022<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de e<span class=\"__1 _5\"></span>ur<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Ce<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>nova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Ce<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>nova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestExpenseExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-550": {
   "value": "13.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Gastos e ingresos financieros<span class=\"__1 _1bc\"> </span></span></span>El <span class=\"__1 _4\"></span>detalle <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>estos <span class=\"__1 _8\"></span>ep\u00edgrafes <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>Estad<span class=\"__1 _6\"></span>o <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>Resultado <span class=\"__1 _8\"></span>Consolida<span class=\"__1 _6\"></span>do <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>los <span class=\"__1 _4\"></span>ejerci<span class=\"__1 _5\"></span>cios <span class=\"__1 _4\"></span>2023 <span class=\"__1 _8\"></span>y <span class=\"__1 _4\"></span>2022 <span class=\"__1 _8\"></span>es <span class=\"__1 _4\"></span>como<span class=\"__1 _1bc\"> </span>sigue:<span class=\"__1 _1bc\"> </span>La cuenta <span class=\"__1 _6\"></span>\u201cOtros<span class=\"__1 _6\"></span> ingresos <span class=\"__1 _6\"></span>finan<span class=\"__1 _6\"></span>cieros\u201d recog<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span><span class=\"ff4\">principal<span class=\"__1 _6\"></span>mente la <span class=\"__1 _6\"></span>remunerac<span class=\"__1 _6\"></span>i\u00f3n o<span class=\"__1 _6\"></span>btenida <span class=\"__1 _6\"></span>de los<span class=\"__1 _6\"></span> excedentes<span class=\"__1 _6\"></span> de<span class=\"__1 _1bc\"> </span></span>tesorer\u00eda.<span class=\"__1 _1bc\"> </span>Tot<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _bb\"> </span>Total<span class=\"__1 _1bc\"> </span>Ga<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>tos<span class=\"__1 _8\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>ro<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>-<span class=\"__1 _1bc\"> </span>Bono Co<span class=\"__1 _6\"></span>nverti<span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _13d\"> </span><span class=\"ls4c\">                (19<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>)<span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _6\"></span>                (1<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>3)<span class=\"__1 _c7\"> </span>            (2<span class=\"__1 _6\"></span>.28<span class=\"__1 _6\"></span>5)<span class=\"__1 _2a\"> </span>                     -   <span class=\"__1 _4\"> </span>            (2.28<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>Ob<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>ga<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span> / Not<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _13e\"> </span><span class=\"ls4c\">                     -   <span class=\"__1 _4\"> </span>            (5.46<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (5.46<span class=\"__1 _6\"></span>0)<span class=\"__1 _106\"> </span>                     -   <span class=\"__1 _c8\"> </span>            (3.09<span class=\"__1 _6\"></span>1)<span class=\"__1 _cf\"> </span>            (3<span class=\"__1 _6\"></span>.091<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>Pr<span class=\"__1 _6\"></span>\u00e9s<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>mos<span class=\"__1 _6\"></span>, l<span class=\"__1 _6\"></span>\u00edn<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> de cr<span class=\"__1 _6\"></span>\u00e9di<span class=\"__1 _6\"></span>to y o<span class=\"__1 _6\"></span>tros<span class=\"__1 _11c\"> </span><span class=\"ls4c\">          (1<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.882<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (3.52<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (20<span class=\"__1 _6\"></span>.40<span class=\"__1 _6\"></span>2)<span class=\"__1 _bd\"> </span>            (3<span class=\"__1 _6\"></span>.453<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (2.25<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (5.70<span class=\"__1 _6\"></span>9)<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>tua<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>za<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _6\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _8\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span> Va<span class=\"__1 _6\"></span>j<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>m y ot<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> (Not<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>23<span class=\"__1 _6\"></span> y 2<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>)<span class=\"__1 _cc\"> </span><span class=\"ls4c\">            (3<span class=\"__1 _6\"></span>.55<span class=\"__1 _6\"></span>5)<span class=\"__1 _cf\"> </span>            (5<span class=\"__1 _6\"></span>.598<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (9.15<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>)<span class=\"__1 _b7\"> </span>            (2<span class=\"__1 _6\"></span>.64<span class=\"__1 _6\"></span>2)<span class=\"__1 _cf\"> </span>            (6<span class=\"__1 _6\"></span>.215<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (8.85<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>Comi<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> y otr<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> ga<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>os<span class=\"__1 _13f\"> </span><span class=\"ls4c\">            (1.28<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)<span class=\"__1 _ce\"> </span>            (1<span class=\"__1 _6\"></span>.47<span class=\"__1 _6\"></span>1)<span class=\"__1 _cf\"> </span>            (2<span class=\"__1 _6\"></span>.751<span class=\"__1 _6\"></span>)<span class=\"__1 _bd\"> </span>            (1.76<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (2.44<span class=\"__1 _6\"></span>9)<span class=\"__1 _cf\"> </span>            (4<span class=\"__1 _6\"></span>.211<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>Ca<span class=\"__1 _6\"></span>pi<span class=\"__1 _8\"></span>ta<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>za<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> ga<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>tos<span class=\"__1 _6\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _8\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>ro<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> (N<span class=\"__1 _5\"></span>ota<span class=\"__1 _6\"></span> 1<span class=\"__1 _6\"></span>8)<span class=\"__1 _8b\"> </span><span class=\"ls4c\">                 3<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>6 <span class=\"__1 _cf\"> </span>                      9<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                 32<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _b7\"> </span>                 2<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>7 <span class=\"__1 _cd\"> </span>                    2<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                 27<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span></span>Re<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>tado<span class=\"__1 _6\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>o i<span class=\"__1 _8\"></span>ntra<span class=\"__1 _8\"></span>-neg<span class=\"__1 _5\"></span>oc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _de\"> </span><span class=\"ls4c\">                 78<span class=\"__1 _6\"></span>7 <span class=\"__1 _c9\"> </span>                (78<span class=\"__1 _6\"></span>7)<span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _5c\"> </span>              1.02<span class=\"__1 _6\"></span>2 <span class=\"__1 _c9\"> </span>            (1.02<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>)<span class=\"__1 _d0\"> </span>                     -  </span>De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>hos<span class=\"__1 _8\"></span> de us<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>br<span class=\"__1 _6\"></span>e ac<span class=\"__1 _6\"></span>ti<span class=\"__1 _8\"></span>vos<span class=\"__1 _8\"></span> (Not<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span> 1<span class=\"__1 _6\"></span>7)<span class=\"__1 _e\"> </span><span class=\"ls4c\">            (2.27<span class=\"__1 _6\"></span>4)<span class=\"__1 _cd\"> </span>                  (9<span class=\"__1 _6\"></span>0)<span class=\"__1 _cf\"> </span>            (2<span class=\"__1 _6\"></span>.364<span class=\"__1 _6\"></span>)<span class=\"__1 _bd\"> </span>            (1.92<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>                  (51<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (1.97<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>)</span>          (23<span class=\"__1 _6\"></span>.08<span class=\"__1 _6\"></span>1)<span class=\"__1 _cd\"> </span>          (1<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.917<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (39<span class=\"__1 _6\"></span>.99<span class=\"__1 _6\"></span>8)<span class=\"__1 _c7\"> </span>          (1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.800<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (1<span class=\"__1 _6\"></span>5.05<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (25<span class=\"__1 _6\"></span>.85<span class=\"__1 _6\"></span>9)<span class=\"__1 _1bc\"> </span>I<span class=\"__1 _6\"></span>ngr<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>ro<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>-<span class=\"__1 _1bc\"> </span>Contra<span class=\"__1 _8\"></span>pr<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>tac<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _6\"></span> c<span class=\"__1 _6\"></span>onti<span class=\"__1 _8\"></span>nge<span class=\"__1 _5\"></span>nte<span class=\"__1 _70\"></span> (Nota <span class=\"__1 _6\"></span>27<span class=\"__1 _6\"></span>)<span class=\"__1 _52\"> </span><span class=\"ls4c\">                 869<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>                 15<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>              1.02<span class=\"__1 _6\"></span>5 <span class=\"__1 _c7\"> </span>                 8<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>1 <span class=\"__1 _cf\"> </span>                 1<span class=\"__1 _6\"></span>44<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>              1.00<span class=\"__1 _6\"></span>5<span class=\"__1 _1bc\"> </span></span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> i<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>gres<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _8\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>os<span class=\"__1 _144\"> </span><span class=\"ls4c\">              4.75<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                 77<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>              5<span class=\"__1 _6\"></span>.53<span class=\"__1 _6\"></span>5 <span class=\"__1 _145\"> </span>                    34<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>                    3<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>                    6<span class=\"__1 _6\"></span>7</span>              5.62<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                 93<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>              6<span class=\"__1 _6\"></span>.56<span class=\"__1 _6\"></span>0 <span class=\"__1 _c7\"> </span>                 8<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>5 <span class=\"__1 _cf\"> </span>                 1<span class=\"__1 _6\"></span>77<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>              1.07<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>va<span class=\"__1 _6\"></span>do<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e cobertur<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>-  Li<span class=\"__1 _6\"></span>qui<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n I<span class=\"__1 _8\"></span>RSwap<span class=\"__1 _6\"></span> (Not<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span> 3<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)<span class=\"__1 _146\"> </span><span class=\"ls4c\">                    86<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              3.15<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              3.24<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _a8\"> </span>                     -   <span class=\"__1 _4\"> </span>            (1<span class=\"__1 _6\"></span>.46<span class=\"__1 _6\"></span>9)<span class=\"__1 _cf\"> </span>            (1<span class=\"__1 _6\"></span>.469<span class=\"__1 _6\"></span>)</span>                    86<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              3.15<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              3.24<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _a8\"> </span>                     -   <span class=\"__1 _4\"> </span>            (1<span class=\"__1 _6\"></span>.46<span class=\"__1 _6\"></span>9)<span class=\"__1 _cf\"> </span>            (1<span class=\"__1 _6\"></span>.469<span class=\"__1 _6\"></span>)          (17<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>36<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (12.82<span class=\"__1 _6\"></span>6)<span class=\"__1 _cd\"> </span>          (3<span class=\"__1 _6\"></span>0.193<span class=\"__1 _6\"></span>)<span class=\"__1 _bd\"> </span>            (9.905<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (16<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>35<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (26.25<span class=\"__1 _6\"></span>6)<span class=\"__1 _1bc\"> </span>31/12/2023<span class=\"__1 _1bc\"> </span>31/12/2022<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de e<span class=\"__1 _5\"></span>ur<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Ce<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>nova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Ce<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>nova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExpenseExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-547": {
   "value": "13.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Gastos e ingresos financieros<span class=\"__1 _1bc\"> </span></span></span>El <span class=\"__1 _4\"></span>detalle <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>estos <span class=\"__1 _8\"></span>ep\u00edgrafes <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>Estad<span class=\"__1 _6\"></span>o <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>Resultado <span class=\"__1 _8\"></span>Consolida<span class=\"__1 _6\"></span>do <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>los <span class=\"__1 _4\"></span>ejerci<span class=\"__1 _5\"></span>cios <span class=\"__1 _4\"></span>2023 <span class=\"__1 _8\"></span>y <span class=\"__1 _4\"></span>2022 <span class=\"__1 _8\"></span>es <span class=\"__1 _4\"></span>como<span class=\"__1 _1bc\"> </span>sigue:<span class=\"__1 _1bc\"> </span>La cuenta <span class=\"__1 _6\"></span>\u201cOtros<span class=\"__1 _6\"></span> ingresos <span class=\"__1 _6\"></span>finan<span class=\"__1 _6\"></span>cieros\u201d recog<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span><span class=\"ff4\">principal<span class=\"__1 _6\"></span>mente la <span class=\"__1 _6\"></span>remunerac<span class=\"__1 _6\"></span>i\u00f3n o<span class=\"__1 _6\"></span>btenida <span class=\"__1 _6\"></span>de los<span class=\"__1 _6\"></span> excedentes<span class=\"__1 _6\"></span> de<span class=\"__1 _1bc\"> </span></span>tesorer\u00eda.<span class=\"__1 _1bc\"> </span>Tot<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _bb\"> </span>Total<span class=\"__1 _1bc\"> </span>Ga<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>tos<span class=\"__1 _8\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>ro<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>-<span class=\"__1 _1bc\"> </span>Bono Co<span class=\"__1 _6\"></span>nverti<span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _13d\"> </span><span class=\"ls4c\">                (19<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>)<span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _6\"></span>                (1<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>3)<span class=\"__1 _c7\"> </span>            (2<span class=\"__1 _6\"></span>.28<span class=\"__1 _6\"></span>5)<span class=\"__1 _2a\"> </span>                     -   <span class=\"__1 _4\"> </span>            (2.28<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>Ob<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>ga<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span> / Not<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _13e\"> </span><span class=\"ls4c\">                     -   <span class=\"__1 _4\"> </span>            (5.46<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (5.46<span class=\"__1 _6\"></span>0)<span class=\"__1 _106\"> </span>                     -   <span class=\"__1 _c8\"> </span>            (3.09<span class=\"__1 _6\"></span>1)<span class=\"__1 _cf\"> </span>            (3<span class=\"__1 _6\"></span>.091<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>Pr<span class=\"__1 _6\"></span>\u00e9s<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>mos<span class=\"__1 _6\"></span>, l<span class=\"__1 _6\"></span>\u00edn<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> de cr<span class=\"__1 _6\"></span>\u00e9di<span class=\"__1 _6\"></span>to y o<span class=\"__1 _6\"></span>tros<span class=\"__1 _11c\"> </span><span class=\"ls4c\">          (1<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.882<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (3.52<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (20<span class=\"__1 _6\"></span>.40<span class=\"__1 _6\"></span>2)<span class=\"__1 _bd\"> </span>            (3<span class=\"__1 _6\"></span>.453<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (2.25<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (5.70<span class=\"__1 _6\"></span>9)<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>tua<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>za<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _6\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _8\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span> Va<span class=\"__1 _6\"></span>j<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>m y ot<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> (Not<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>23<span class=\"__1 _6\"></span> y 2<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>)<span class=\"__1 _cc\"> </span><span class=\"ls4c\">            (3<span class=\"__1 _6\"></span>.55<span class=\"__1 _6\"></span>5)<span class=\"__1 _cf\"> </span>            (5<span class=\"__1 _6\"></span>.598<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (9.15<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>)<span class=\"__1 _b7\"> </span>            (2<span class=\"__1 _6\"></span>.64<span class=\"__1 _6\"></span>2)<span class=\"__1 _cf\"> </span>            (6<span class=\"__1 _6\"></span>.215<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (8.85<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>Comi<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> y otr<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> ga<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>os<span class=\"__1 _13f\"> </span><span class=\"ls4c\">            (1.28<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)<span class=\"__1 _ce\"> </span>            (1<span class=\"__1 _6\"></span>.47<span class=\"__1 _6\"></span>1)<span class=\"__1 _cf\"> </span>            (2<span class=\"__1 _6\"></span>.751<span class=\"__1 _6\"></span>)<span class=\"__1 _bd\"> </span>            (1.76<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (2.44<span class=\"__1 _6\"></span>9)<span class=\"__1 _cf\"> </span>            (4<span class=\"__1 _6\"></span>.211<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>Ca<span class=\"__1 _6\"></span>pi<span class=\"__1 _8\"></span>ta<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>za<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> ga<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>tos<span class=\"__1 _6\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _8\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>ro<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> (N<span class=\"__1 _5\"></span>ota<span class=\"__1 _6\"></span> 1<span class=\"__1 _6\"></span>8)<span class=\"__1 _8b\"> </span><span class=\"ls4c\">                 3<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>6 <span class=\"__1 _cf\"> </span>                      9<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                 32<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _b7\"> </span>                 2<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>7 <span class=\"__1 _cd\"> </span>                    2<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                 27<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span></span>Re<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>tado<span class=\"__1 _6\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>o i<span class=\"__1 _8\"></span>ntra<span class=\"__1 _8\"></span>-neg<span class=\"__1 _5\"></span>oc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _de\"> </span><span class=\"ls4c\">                 78<span class=\"__1 _6\"></span>7 <span class=\"__1 _c9\"> </span>                (78<span class=\"__1 _6\"></span>7)<span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _5c\"> </span>              1.02<span class=\"__1 _6\"></span>2 <span class=\"__1 _c9\"> </span>            (1.02<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>)<span class=\"__1 _d0\"> </span>                     -  </span>De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>hos<span class=\"__1 _8\"></span> de us<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>br<span class=\"__1 _6\"></span>e ac<span class=\"__1 _6\"></span>ti<span class=\"__1 _8\"></span>vos<span class=\"__1 _8\"></span> (Not<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span> 1<span class=\"__1 _6\"></span>7)<span class=\"__1 _e\"> </span><span class=\"ls4c\">            (2.27<span class=\"__1 _6\"></span>4)<span class=\"__1 _cd\"> </span>                  (9<span class=\"__1 _6\"></span>0)<span class=\"__1 _cf\"> </span>            (2<span class=\"__1 _6\"></span>.364<span class=\"__1 _6\"></span>)<span class=\"__1 _bd\"> </span>            (1.92<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>                  (51<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (1.97<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>)</span>          (23<span class=\"__1 _6\"></span>.08<span class=\"__1 _6\"></span>1)<span class=\"__1 _cd\"> </span>          (1<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.917<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (39<span class=\"__1 _6\"></span>.99<span class=\"__1 _6\"></span>8)<span class=\"__1 _c7\"> </span>          (1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.800<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (1<span class=\"__1 _6\"></span>5.05<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (25<span class=\"__1 _6\"></span>.85<span class=\"__1 _6\"></span>9)<span class=\"__1 _1bc\"> </span>I<span class=\"__1 _6\"></span>ngr<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>ro<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>-<span class=\"__1 _1bc\"> </span>Contra<span class=\"__1 _8\"></span>pr<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>tac<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _6\"></span> c<span class=\"__1 _6\"></span>onti<span class=\"__1 _8\"></span>nge<span class=\"__1 _5\"></span>nte<span class=\"__1 _70\"></span> (Nota <span class=\"__1 _6\"></span>27<span class=\"__1 _6\"></span>)<span class=\"__1 _52\"> </span><span class=\"ls4c\">                 869<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>                 15<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>              1.02<span class=\"__1 _6\"></span>5 <span class=\"__1 _c7\"> </span>                 8<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>1 <span class=\"__1 _cf\"> </span>                 1<span class=\"__1 _6\"></span>44<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>              1.00<span class=\"__1 _6\"></span>5<span class=\"__1 _1bc\"> </span></span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> i<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>gres<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _8\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>os<span class=\"__1 _144\"> </span><span class=\"ls4c\">              4.75<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                 77<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>              5<span class=\"__1 _6\"></span>.53<span class=\"__1 _6\"></span>5 <span class=\"__1 _145\"> </span>                    34<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>                    3<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>                    6<span class=\"__1 _6\"></span>7</span>              5.62<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                 93<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>              6<span class=\"__1 _6\"></span>.56<span class=\"__1 _6\"></span>0 <span class=\"__1 _c7\"> </span>                 8<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>5 <span class=\"__1 _cf\"> </span>                 1<span class=\"__1 _6\"></span>77<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>              1.07<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>va<span class=\"__1 _6\"></span>do<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e cobertur<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>-  Li<span class=\"__1 _6\"></span>qui<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n I<span class=\"__1 _8\"></span>RSwap<span class=\"__1 _6\"></span> (Not<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span> 3<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)<span class=\"__1 _146\"> </span><span class=\"ls4c\">                    86<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              3.15<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              3.24<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _a8\"> </span>                     -   <span class=\"__1 _4\"> </span>            (1<span class=\"__1 _6\"></span>.46<span class=\"__1 _6\"></span>9)<span class=\"__1 _cf\"> </span>            (1<span class=\"__1 _6\"></span>.469<span class=\"__1 _6\"></span>)</span>                    86<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              3.15<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              3.24<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _a8\"> </span>                     -   <span class=\"__1 _4\"> </span>            (1<span class=\"__1 _6\"></span>.46<span class=\"__1 _6\"></span>9)<span class=\"__1 _cf\"> </span>            (1<span class=\"__1 _6\"></span>.469<span class=\"__1 _6\"></span>)          (17<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>36<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (12.82<span class=\"__1 _6\"></span>6)<span class=\"__1 _cd\"> </span>          (3<span class=\"__1 _6\"></span>0.193<span class=\"__1 _6\"></span>)<span class=\"__1 _bd\"> </span>            (9.905<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (16<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>35<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (26.25<span class=\"__1 _6\"></span>6)<span class=\"__1 _1bc\"> </span>31/12/2023<span class=\"__1 _1bc\"> </span>31/12/2022<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de e<span class=\"__1 _5\"></span>ur<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Ce<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>nova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Ce<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>nova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-24": {
   "value": "14.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Beneficio por acci\u00f3n<span class=\"__1 _1bc\"> </span></span></span>El c\u00e1lculo del resultad<span class=\"__1 _6\"></span>o consolidado p<span class=\"__1 _6\"></span>or acci\u00f3n b\u00e1sico y d<span class=\"__1 _6\"></span>iluido de los ejercicios 2023 y 20<span class=\"__1 _6\"></span>22 es el <span class=\"__1 _6\"></span>siguient<span class=\"__1 _6\"></span>e:<span class=\"__1 _1bc\"> </span>(*)  <span class=\"__1 _119\"> </span>N\u00famero de acciones emitidas deducidas las acciones en autocartera<span class=\"__1 _1bc\"> </span>En  e<span class=\"__1 _5\"></span>l <span class=\"__1 _ca\"> </span>ejercicio <span class=\"__1 _c6\"> </span>2<span class=\"__1 _6\"></span>023 <span class=\"__1 _ca\"> </span>no <span class=\"__1 _ca\"> </span>se <span class=\"__1 _ca\"> </span>ha  considerado <span class=\"__1 _c6\"> </span>en  el <span class=\"__1 _c6\"> </span>c\u00e1lculo  del <span class=\"__1 _c6\"> </span>beneficio  por <span class=\"__1 _c6\"> </span>acci\u00f3n  diluido <span class=\"__1 _c6\"> </span>las<span class=\"__1 _6\"></span> <span class=\"__1 _ca\"> </span>acciones<span class=\"__1 _1bc\"> </span>ordinarias <span class=\"__1 _4\"></span>con <span class=\"__1 _8\"></span>potencial <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>iluyente <span class=\"__1 _8\"></span>v<span class=\"__1 _6\"></span>inculadas <span class=\"__1 _4\"></span>al <span class=\"__1 _8\"></span>cumplimiento <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>ob<span class=\"__1 _6\"></span>jetivos <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>los <span class=\"__1 _8\"></span>distinto<span class=\"__1 _6\"></span>s <span class=\"__1 _4\"></span>plan<span class=\"ls1c\">es</span> <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span>retribuci\u00f3n, <span class=\"__1 _4\"></span>apro<span class=\"__1 _6\"></span>ximadamente <span class=\"__1 _4\"></span>4 <span class=\"__1 _4\"></span>millon<span class=\"__1 _6\"></span>es <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>acciones<span class=\"__1 _6\"></span>, <span class=\"__1 _4\"></span>ya <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>u <span class=\"__1 _4\"></span>consideraci\u00f3n <span class=\"__1 _4\"></span>p<span class=\"__1 _6\"></span>roduce <span class=\"__1 _4\"></span>un <span class=\"__1 _4\"></span>efecto <span class=\"__1 _4\"></span>anti<span class=\"__1 _6\"></span>-<span class=\"__1 _1bc\"> </span>dilutivo.<span class=\"__1 _1bc\"> </span>En el ejercicio <span class=\"__1 _6\"></span>2022 se cons<span class=\"__1 _6\"></span>ideraron en el c\u00e1lculo<span class=\"__1 _6\"></span> del bene<span class=\"__1 _6\"></span>ficio por acci\u00f3n d<span class=\"__1 _6\"></span>iluido <span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>) las a<span class=\"__1 _6\"></span>cciones ordinarias<span class=\"__1 _1bc\"> </span>con potencial diluyente con origen en <span class=\"__1 _5\"></span>los ins<span class=\"__1 _6\"></span>trumentos financieros convertibles, 18,7 millones<span class=\"__1 _6\"></span> de acciones<span class=\"ls11\">,<span class=\"__1 _1bc\"> </span></span>Be<span class=\"__1 _70\"></span>nefi<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o/ (P<span class=\"__1 _6\"></span>\u00e9<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>di<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>) N<span class=\"__1 _5\"></span>e<span class=\"__1 _70\"></span>ta<span class=\"__1 _6\"></span> p<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span> Acc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3<span class=\"__1 _6\"></span>n<span class=\"__1 _a\"> </span>Uni<span class=\"__1 _8\"></span>da<span class=\"__1 _8\"></span>de<span class=\"__1 _5\"></span>s<span class=\"__1 _f\"> </span><span class=\"ls4e\">2023<span class=\"__1 _ee\"> </span>2022<span class=\"__1 _1bc\"> </span></span>Be<span class=\"__1 _70\"></span>nefi<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o/ (P<span class=\"__1 _6\"></span>\u00e9<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>di<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>) ne<span class=\"__1 _5\"></span>ta<span class=\"__1 _6\"></span> c<span class=\"__1 _6\"></span>ons<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>do del<span class=\"__1 _1bc\"> </span>e<span class=\"__1 _70\"></span>j<span class=\"__1 _8\"></span>erc<span class=\"__1 _6\"></span>i<span class=\"__1 _4\"></span>ci<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span> a<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>bu<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e a<span class=\"__1 _6\"></span> a<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _4\"></span>one<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> o<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>di<span class=\"__1 _8\"></span>n<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>ri<span class=\"__1 _4\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span> \u20ac<span class=\"__1 _e1\"> </span><span class=\"ff4\">(2<span class=\"__1 _6\"></span>4.7<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)<span class=\"__1 _eb\"> </span>2<span class=\"__1 _6\"></span>47<span class=\"__1 _6\"></span>.2<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span></span>N<span class=\"__1 _5\"></span>\u00ba<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>m<span class=\"__1 _5\"></span>e<span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o p<span class=\"__1 _6\"></span>ond<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>o d<span class=\"__1 _6\"></span>e<span class=\"__1 _70\"></span> a<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _4\"></span>one<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> <span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>di<span class=\"__1 _4\"></span>na<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _1bc\"> </span>di<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>oni<span class=\"__1 _8\"></span>b<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> (*)<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span> a<span class=\"__1 _6\"></span>c<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>.<span class=\"__1 _11b\"> </span>2<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>,4<span class=\"__1 _4d\"> </span>24<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>,4<span class=\"__1 _1bc\"> </span>N<span class=\"__1 _5\"></span>\u00ba<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>m<span class=\"__1 _5\"></span>e<span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o p<span class=\"__1 _6\"></span>ond<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>o d<span class=\"__1 _6\"></span>e<span class=\"__1 _70\"></span> a<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _4\"></span>one<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> <span class=\"__1 _6\"></span>di<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>u<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>da<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span> <span class=\"__1 _127\"> </span>Mi<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> <span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _8\"></span>c.<span class=\"__1 _ea\"> </span>24<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>,4<span class=\"__1 _4d\"> </span>26<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>,1<span class=\"__1 _1bc\"> </span>Bene<span class=\"__1 _6\"></span>fic<span class=\"__1 _70\"></span>io/ (P\u00e9<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>dida<span class=\"__1 _5\"></span>) b\u00e1<span class=\"__1 _70\"></span>sic<span class=\"__1 _70\"></span>a por ac<span class=\"__1 _70\"></span>ci<span class=\"__1 _70\"></span>\u00f3n<span class=\"__1 _8c\"> </span><span class=\"ff7\">\u20ac<span class=\"__1 _147\"> </span></span>(0,10<span class=\"__1 _6\"></span>)<span class=\"__1 _1f\"> </span>1<span class=\"__1 _6\"></span>,02<span class=\"__1 _1bc\"> </span>Bene<span class=\"__1 _6\"></span>fic<span class=\"__1 _70\"></span>io/ (P\u00e9<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>dida<span class=\"__1 _5\"></span>) dil<span class=\"__1 _70\"></span>uida<span class=\"__1 _5\"></span> por<span class=\"__1 _6\"></span> a<span class=\"__1 _5\"></span>c<span class=\"__1 _5\"></span>c<span class=\"__1 _70\"></span>i\u00f3n<span class=\"__1 _116\"> </span><span class=\"ff7\">\u20ac<span class=\"__1 _89\"> </span></span>(0,10<span class=\"__1 _6\"></span>)<span class=\"__1 _1f\"> </span>0,95<span class=\"__1 _1bc\"> </span>excluyendo <span class=\"__1 _c6\"> </span>del <span class=\"__1 _c8\"> </span>b<span class=\"__1 _6\"></span>eneficio <span class=\"__1 _c6\"> </span>neto <span class=\"__1 _c6\"> </span>consolidado<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>los <span class=\"__1 _c6\"> </span>gastos<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>finan<span class=\"__1 _6\"></span>cieros <span class=\"__1 _c6\"> </span>as<span class=\"__1 _6\"></span>ociados <span class=\"__1 _c6\"> </span>a <span class=\"__1 _c6\"> </span>dichos <span class=\"__1 _c6\"> </span>instrumentos<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>por importe de <span class=\"__1 _5\"></span>2.665 miles <span class=\"__1 _5\"></span>de euros y <span class=\"__1 _5\"></span>2) las <span class=\"__1 _5\"></span>acciones con <span class=\"__1 _5\"></span>potencial diluyente vinculadas al cumplimiento de <span class=\"__1 _70\"></span>los<span class=\"__1 _6\"></span> objetivos  del  Plan  de  retribuci\u00f3n  variable  2019<span class=\"__1 _6\"></span>-2023  que  se  estimaron  al  31  de  diciembre  de  2022<span class=\"__1 _6\"></span>, asumiendo un gra<span class=\"__1 _6\"></span>do de cumplimiento del 1<span class=\"__1 _6\"></span>00%, <span class=\"__1 _6\"></span>en 1.138 miles de accion<span class=\"__1 _6\"></span>es. <span class=\"__1 _6\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-25": {
   "value": "15.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Fondo de comercio y otros activos intangibles<span class=\"__1 _1bc\"> </span></span></span>El <span class=\"__1 _6\"></span>movimiento <span class=\"__1 _8\"></span>habido <span class=\"__1 _6\"></span>durante <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>ejercicios <span class=\"__1 _6\"></span>2023 <span class=\"__1 _8\"></span>y <span class=\"__1 _6\"></span>2022 <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>fondo <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>comercio <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>diferente<span class=\"__1 _1bc\"> </span>s <span class=\"__1 _8\"></span>cuent<span class=\"__1 _1bc\"> </span>as<span class=\"__1 _1bc\"> </span>de activos inta<span class=\"__1 _6\"></span>ngibles y de sus correspo<span class=\"__1 _6\"></span>ndientes amortizaciones<span class=\"__1 _6\"></span> y deterioros ha <span class=\"__1 _6\"></span>sido el siguiente:<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span> de di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>mbre de<span class=\"__1 _70\"></span> 2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>do <span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span>01<span class=\"__1 _6\"></span>/0<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>/20<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _5\"></span>di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> o<span class=\"__1 _1bc\"> </span>dota<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>ti<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> o<span class=\"__1 _1bc\"> </span>reduc<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _1bc\"> </span>Tra<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>pa<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>do <span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/20<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>Fondo<span class=\"__1 _6\"></span> de come<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span> <span class=\"__1 _98\"> </span><span class=\"ls4f\">              2<span class=\"__1 _6\"></span>.737<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -                  2.73<span class=\"__1 _6\"></span>7<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>pl<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ca<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>nfor<span class=\"__1 _6\"></span>m\u00e1<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _ec\"> </span><span class=\"ls4f\">            34.76<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                 14<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span> <span class=\"__1 _119\"> </span>                     -                  2.69<span class=\"__1 _6\"></span>3 <span class=\"__1 _c9\"> </span>            37<span class=\"__1 _6\"></span>.60<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span></span>Ga<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>tos<span class=\"__1 _8\"></span> de de<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>rr<span class=\"__1 _6\"></span>ol<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>o<span class=\"__1 _118\"> </span><span class=\"ls4f\">            1<span class=\"__1 _6\"></span>8.45<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _c9\"> </span>                     -   <span class=\"__1 _c8\"> </span>            18<span class=\"__1 _6\"></span>.452<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>nti<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>pos<span class=\"__1 _148\"> </span><span class=\"ls4f\">              1.75<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              5.78<span class=\"__1 _6\"></span>7 <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _c8\"> </span>            (3.09<span class=\"__1 _6\"></span>7)<span class=\"__1 _d1\"> </span>              4.44<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span></span>De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>hos<span class=\"__1 _8\"></span> de ge<span class=\"__1 _70\"></span>nera<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _6\"></span> de e<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>g\u00eda<span class=\"__1 _1bc\"> </span>e<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>\u00e9<span class=\"__1 _5\"></span>ctr<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ca            21<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>2 <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _4\"> </span>            2<span class=\"__1 _6\"></span>1.00<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>hos<span class=\"__1 _8\"></span> de ri<span class=\"__1 _8\"></span>eg<span class=\"__1 _5\"></span>o<span class=\"__1 _149\"> </span><span class=\"ls4f\">              4.57<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _c9\"> </span>                     -   <span class=\"__1 _c6\"> </span>                 2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>9 <span class=\"__1 _cf\"> </span>              4<span class=\"__1 _6\"></span>.787<span class=\"__1 _1bc\"> </span></span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vo<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>n<span class=\"__1 _6\"></span>tan<span class=\"__1 _6\"></span>gi<span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span> <span class=\"__1 _9c\"> </span><span class=\"ls4f\">              6<span class=\"__1 _6\"></span>.18<span class=\"__1 _6\"></span>5 <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -                  6.18<span class=\"__1 _6\"></span>5<span class=\"__1 _1bc\"> </span></span>T<span class=\"__1 _5\"></span>ot<span class=\"__1 _6\"></span>al<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>c<span class=\"__1 _5\"></span>oste<span class=\"__1 _e\"> </span><span class=\"ls4f\">            8<span class=\"__1 _6\"></span>9.479<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              5<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>93<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _8\"></span>                (19<span class=\"__1 _6\"></span>5)<span class=\"__1 _cd\"> </span>            9<span class=\"__1 _6\"></span>5.21<span class=\"__1 _6\"></span>4<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>pl<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ca<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>nfor<span class=\"__1 _6\"></span>m\u00e1<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _d\"> </span><span class=\"ls4f\">          (26<span class=\"__1 _6\"></span>.98<span class=\"__1 _6\"></span>6)<span class=\"__1 _cf\"> </span>            (2<span class=\"__1 _6\"></span>.670<span class=\"__1 _6\"></span>)<span class=\"__1 _2a\"> </span>                     -   <span class=\"__1 _c9\"> </span>                     -   <span class=\"__1 _8\"></span>          (2<span class=\"__1 _6\"></span>9.65<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>Ga<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>tos<span class=\"__1 _8\"></span> de de<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>rr<span class=\"__1 _6\"></span>ol<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>o<span class=\"__1 _11c\"> </span><span class=\"ls4f\">          (13<span class=\"__1 _6\"></span>.867<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>                (48<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)<span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _c9\"> </span>                     -   <span class=\"__1 _8\"></span>          (1<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>.347<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>hos<span class=\"__1 _8\"></span> de ge<span class=\"__1 _70\"></span>nera<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _6\"></span> de e<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>g\u00eda<span class=\"__1 _1bc\"> </span>e<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>\u00e9<span class=\"__1 _5\"></span>ctr<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ca            (2.32<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>                (84<span class=\"__1 _6\"></span>3)<span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _4\"> </span>            (3<span class=\"__1 _6\"></span>.170<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>hos<span class=\"__1 _8\"></span> de ri<span class=\"__1 _8\"></span>eg<span class=\"__1 _5\"></span>o<span class=\"__1 _84\"> </span><span class=\"ls4f\">                (24<span class=\"__1 _6\"></span>6)<span class=\"__1 _c9\"> </span>                (22<span class=\"__1 _6\"></span>9)<span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _8\"></span>                (4<span class=\"__1 _6\"></span>75<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vo<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>n<span class=\"__1 _6\"></span>tan<span class=\"__1 _6\"></span>gi<span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _85\"> </span><span class=\"ls4f\">            (1<span class=\"__1 _6\"></span>.809<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>                (1<span class=\"__1 _6\"></span>41<span class=\"__1 _6\"></span>)<span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _4\"> </span>            (1.95<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>T<span class=\"__1 _5\"></span>ot<span class=\"__1 _6\"></span>al<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>a<span class=\"__1 _5\"></span>m<span class=\"__1 _6\"></span>ort<span class=\"__1 _6\"></span>iza<span class=\"__1 _5\"></span>ci<span class=\"__1 _5\"></span>ones <span class=\"__1 _4a\"> </span><span class=\"ls4f\">          (45<span class=\"__1 _6\"></span>.235<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (4.363<span class=\"__1 _6\"></span>)<span class=\"__1 _d0\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _8\"></span>          (49<span class=\"__1 _6\"></span>.598<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>Det<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>ioros de <span class=\"__1 _6\"></span>va<span class=\"__1 _70\"></span>lor<span class=\"__1 _6\"></span> (Not<span class=\"__1 _6\"></span>a 19<span class=\"__1 _6\"></span>)<span class=\"__1 _83\"> </span><span class=\"ls4f\">            (6<span class=\"__1 _6\"></span>.337<span class=\"__1 _6\"></span>)<span class=\"__1 _d0\"> </span>                     -   <span class=\"__1 _4\"> </span>                    1<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>                  (25<span class=\"__1 _6\"></span>)<span class=\"__1 _ce\"> </span>            (6<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>34<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>T<span class=\"__1 _5\"></span>ot<span class=\"__1 _6\"></span>al<span class=\"__1 _151\"> </span><span class=\"ls4f\">            37<span class=\"__1 _6\"></span>.906<span class=\"__1 _6\"></span> <span class=\"__1 _152\"> </span>            39<span class=\"__1 _6\"></span>.266<span class=\"__1 _1bc\"> </span></span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de e<span class=\"__1 _5\"></span>ur<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>15.1<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff8 fc3\">Adiciones y otros<span class=\"__1 _1bc\"> </span></span></span>El <span class=\"__1 _8\"></span>Grupo <span class=\"__1 _6\"></span>h<span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>llevado <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>cabo <span class=\"__1 _6\"></span>en<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>ejercicios <span class=\"__1 _6\"></span>2023 <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>2022 <span class=\"__1 _6\"></span>importa<span class=\"__1 _6\"></span>ntes <span class=\"__1 _8\"></span>inversiones <span class=\"__1 _8\"></span>orientadas <span class=\"__1 _8\"></span>a <span class=\"__1 _6\"></span>digitalizar <span class=\"__1 _8\"></span>y<span class=\"__1 _1bc\"> </span>estandarizar <span class=\"__1 _6\"></span>sus principales proceso<span class=\"__1 _6\"></span>s de negocio.<span class=\"__1 _1bc\"> </span>Durante 2023 y 2022 no s<span class=\"__1 _6\"></span>e han realizado t<span class=\"__1 _6\"></span>rabajos efectuados<span class=\"__1 _6\"></span> por el Grupo par<span class=\"__1 _6\"></span>a su inmovilizado intangible.<span class=\"__1 _8\"></span> A 31 de diciembre de 2023 y 2022 el valo<span class=\"__1 _6\"></span>r razonable de los derechos de generaci\u00f3n<span class=\"__1 _6\"></span> de energ\u00eda el\u00e9ctrica, as\u00ed<span class=\"__1 _1bc\"> </span>como el v<span class=\"__1 _6\"></span>alor razo<span class=\"__1 _6\"></span>nable de los <span class=\"__1 _6\"></span>derechos de <span class=\"__1 _6\"></span>riego (recogidos <span class=\"__1 _6\"></span>bajo el <span class=\"__1 _6\"></span>ep\u00edgrafe de \u201cOt<span class=\"__1 _6\"></span>ros activos <span class=\"__1 _6\"></span>intangibles\u201d)<span class=\"__1 _1bc\"> </span>no difiere significativamente <span class=\"__1 _6\"></span>de su v<span class=\"__1 _6\"></span>alor neto <span class=\"__1 _6\"></span>contable.<span class=\"__1 _1bc\"> </span>Los <span class=\"__1 _c6\"> </span>elementos <span class=\"__1 _c6\"> </span>del <span class=\"__1 _c6\"> </span>inmoviliza<span class=\"__1 _6\"></span>do <span class=\"__1 _c6\"> </span>intangible <span class=\"__1 _c6\"> </span>tota<span class=\"__1 _6\"></span>lmente <span class=\"__1 _c8\"> </span>am<span class=\"__1 _6\"></span>ortizados <span class=\"__1 _c6\"> </span>a <span class=\"__1 _ca\"> </span>31 <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>diciembre <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>2023 <span class=\"__1 _c6\"> </span>y <span class=\"__1 _c6\"> </span>2022,<span class=\"__1 _1bc\"> </span>principalmente <span class=\"__1 _6\"></span>gasto<span class=\"__1 _6\"></span>s <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>desarrollo <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>aplicacion<span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>inform\u00e1ticas<span class=\"__1 _8\"></span>, <span class=\"__1 _6\"></span><span class=\"ff6\">ascend\u00edan <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>37.470 <span class=\"__1 _8\"></span>miles <span class=\"__1 _6\"></span>\u20ac <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>35.623 <span class=\"__1 _6\"></span>miles<span class=\"__1 _1bc\"> </span></span>\u20ac, respectivamente.<span class=\"__1 _1bc\"> </span>15.2<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff8 fc3\">Fondo de comercio<span class=\"__1 _1bc\"> </span></span></span>El<span class=\"ls0_1\"> fond<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>de comercio <span class=\"__1 _6\"></span>tiene <span class=\"__1 _6\"></span>su<span class=\"__1 _6\"></span> o<span class=\"__1 _6\"></span>rigen en <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>ad<span class=\"__1 _6\"></span>quisici\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>participaci\u00f3n <span class=\"__1 _6\"></span>qu<span class=\"__1 _6\"></span>e E<span class=\"__1 _6\"></span>NCE os<span class=\"__1 _6\"></span>tenta en <span class=\"__1 _6\"></span>E<span class=\"__1 _6\"></span>nerg\u00eda d<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span></span>la <span class=\"__1 _5\"></span>Loma, <span class=\"__1 _5\"></span>S.A. <span class=\"__1 _5\"></span>y <span class=\"__1 _5\"></span>Energ\u00edas de <span class=\"__1 _70\"></span>la Mancha <span class=\"__1 _70\"></span>E<span class=\"__1 _6\"></span>NEMAN, S.A., <span class=\"__1 _70\"></span>sociedades titulares <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>instalaciones de <span class=\"__1 _70\"></span>generaci\u00f3n<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _8\"></span>energ\u00eda <span class=\"__1 _8\"></span>con <span class=\"__1 _8\"></span>biomasa <span class=\"__1 _8\"></span>u<span class=\"__1 _6\"></span>bicadas <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>J<span class=\"__1 _6\"></span>a\u00e9n <span class=\"__1 _6\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>Ciu<span class=\"__1 _6\"></span>dad <span class=\"__1 _8\"></span>Real <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>con <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>otencia <span class=\"__1 _8\"></span>instalada <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>16 <span class=\"__1 _8\"></span>MW <span class=\"__1 _8\"></span>cad<span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>una <span class=\"__1 _8\"></span>de<span class=\"__1 _1bc\"> </span>ellas<span class=\"ls17\">. </span>Al 31 de diciembre de <span class=\"__1 _6\"></span>2023 y 2022 <span class=\"__1 _6\"></span>se encuentra<span class=\"__1 _6\"></span> \u00edntegramente det<span class=\"__1 _6\"></span>eriorado (v\u00e9ase Nota<span class=\"__1 _6\"></span> 1<span class=\"__1 _6\"></span>9).<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span> de di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>mbre de<span class=\"__1 _70\"></span> 2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>do <span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span>01<span class=\"__1 _6\"></span>/0<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>/20<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _5\"></span>di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> o<span class=\"__1 _1bc\"> </span>dota<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>ti<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> o<span class=\"__1 _1bc\"> </span>reduc<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _1bc\"> </span>Tra<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>pa<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>do <span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/20<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>Fondo<span class=\"__1 _6\"></span> de come<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span> <span class=\"__1 _98\"> </span><span class=\"ls4f\">              2<span class=\"__1 _6\"></span>.737<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -                  2.73<span class=\"__1 _6\"></span>7<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>pl<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ca<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>nfor<span class=\"__1 _6\"></span>m\u00e1<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _ec\"> </span><span class=\"ls4f\">            31.30<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>                    4<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>                  (29<span class=\"__1 _6\"></span>)<span class=\"__1 _cc\"> </span>              3<span class=\"__1 _6\"></span>.44<span class=\"__1 _6\"></span>0 <span class=\"__1 _c9\"> </span>            34<span class=\"__1 _6\"></span>.767<span class=\"__1 _1bc\"> </span></span>Ga<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>tos<span class=\"__1 _8\"></span> de de<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>rr<span class=\"__1 _6\"></span>ol<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>o<span class=\"__1 _118\"> </span><span class=\"ls4f\">            1<span class=\"__1 _6\"></span>8.45<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _c9\"> </span>                     -   <span class=\"__1 _c8\"> </span>            18<span class=\"__1 _6\"></span>.452<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>nti<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>pos<span class=\"__1 _148\"> </span><span class=\"ls4f\">              2.24<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              2.97<span class=\"__1 _6\"></span>0 <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _c8\"> </span>            (3.46<span class=\"__1 _6\"></span>0)<span class=\"__1 _d1\"> </span>              1.75<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span></span>De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>hos<span class=\"__1 _8\"></span> de ge<span class=\"__1 _70\"></span>nera<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _6\"></span> de e<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>g\u00eda<span class=\"__1 _1bc\"> </span>e<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>\u00e9<span class=\"__1 _5\"></span>ctr<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ca            21<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>2 <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _4\"> </span>            2<span class=\"__1 _6\"></span>1.00<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>hos<span class=\"__1 _8\"></span> de ri<span class=\"__1 _8\"></span>eg<span class=\"__1 _5\"></span>o<span class=\"__1 _149\"> </span><span class=\"ls4f\">              4.55<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _c9\"> </span>                     -   <span class=\"__1 _c8\"> </span>                    20<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              4.57<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span></span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vo<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>n<span class=\"__1 _6\"></span>tan<span class=\"__1 _6\"></span>gi<span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span> <span class=\"__1 _9c\"> </span><span class=\"ls4f\">              6<span class=\"__1 _6\"></span>.16<span class=\"__1 _6\"></span>1 <span class=\"__1 _c9\"> </span>                    24<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -                  6.18<span class=\"__1 _6\"></span>5<span class=\"__1 _1bc\"> </span></span>T<span class=\"__1 _5\"></span>ot<span class=\"__1 _6\"></span>al<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>c<span class=\"__1 _5\"></span>oste<span class=\"__1 _e\"> </span><span class=\"ls4f\">            8<span class=\"__1 _6\"></span>6.467<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              3<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>04<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>                  (29<span class=\"__1 _6\"></span>)<span class=\"__1 _d0\"> </span>                     -   <span class=\"__1 _4\"> </span>            8<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>47<span class=\"__1 _6\"></span>9<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>pl<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ca<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>nfor<span class=\"__1 _6\"></span>m\u00e1<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _d\"> </span><span class=\"ls4f\">          (24<span class=\"__1 _6\"></span>.74<span class=\"__1 _6\"></span>6)<span class=\"__1 _cf\"> </span>            (2<span class=\"__1 _6\"></span>.194<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>                    29<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>                  (75<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (2<span class=\"__1 _6\"></span>6.98<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>Ga<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>tos<span class=\"__1 _8\"></span> de de<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>rr<span class=\"__1 _6\"></span>ol<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>o<span class=\"__1 _11c\"> </span><span class=\"ls4f\">          (13<span class=\"__1 _6\"></span>.383<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>                (48<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>)<span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _c9\"> </span>                     -   <span class=\"__1 _8\"></span>          (1<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.867<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>hos<span class=\"__1 _8\"></span> de ge<span class=\"__1 _70\"></span>nera<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _6\"></span> de e<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>g\u00eda<span class=\"__1 _1bc\"> </span>e<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>\u00e9<span class=\"__1 _5\"></span>ctr<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ca            (1.48<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>                (84<span class=\"__1 _6\"></span>3)<span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _4\"> </span>            (2<span class=\"__1 _6\"></span>.327<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>hos<span class=\"__1 _8\"></span> de ri<span class=\"__1 _8\"></span>eg<span class=\"__1 _5\"></span>o<span class=\"__1 _84\"> </span><span class=\"ls4f\">                  (18<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>                (22<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>)<span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _c9\"> </span>                     -   <span class=\"__1 _8\"></span>                (2<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>6)<span class=\"__1 _1bc\"> </span></span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vo<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>n<span class=\"__1 _6\"></span>tan<span class=\"__1 _6\"></span>gi<span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _85\"> </span><span class=\"ls4f\">            (1<span class=\"__1 _6\"></span>.584<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>                (2<span class=\"__1 _6\"></span>16<span class=\"__1 _6\"></span>)<span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _4\"> </span>                    (9<span class=\"__1 _6\"></span>)<span class=\"__1 _ce\"> </span>            (1<span class=\"__1 _6\"></span>.80<span class=\"__1 _6\"></span>9)<span class=\"__1 _1bc\"> </span></span>T<span class=\"__1 _5\"></span>ot<span class=\"__1 _6\"></span>al<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>a<span class=\"__1 _5\"></span>m<span class=\"__1 _6\"></span>ort<span class=\"__1 _6\"></span>iza<span class=\"__1 _5\"></span>ci<span class=\"__1 _5\"></span>ones <span class=\"__1 _4a\"> </span><span class=\"ls4f\">          (41<span class=\"__1 _6\"></span>.215<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (3.965<span class=\"__1 _6\"></span>)<span class=\"__1 _ce\"> </span>                    2<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>                  (84<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (45.23<span class=\"__1 _6\"></span>5)<span class=\"__1 _1bc\"> </span></span>Det<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>ioros de <span class=\"__1 _6\"></span>va<span class=\"__1 _70\"></span>lor<span class=\"__1 _6\"></span> (Not<span class=\"__1 _6\"></span>a 19<span class=\"__1 _6\"></span>)<span class=\"__1 _83\"> </span><span class=\"ls4f\">            (7<span class=\"__1 _6\"></span>.314<span class=\"__1 _6\"></span>)<span class=\"__1 _ce\"> </span>            (1<span class=\"__1 _6\"></span>.493<span class=\"__1 _6\"></span>)<span class=\"__1 _cc\"> </span>              2<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>38<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>                    8<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>            (6.33<span class=\"__1 _6\"></span>7)<span class=\"__1 _1bc\"> </span></span>T<span class=\"__1 _5\"></span>ot<span class=\"__1 _6\"></span>al<span class=\"__1 _151\"> </span><span class=\"ls4f\">            37<span class=\"__1 _6\"></span>.938<span class=\"__1 _6\"></span> <span class=\"__1 _152\"> </span>            37<span class=\"__1 _6\"></span>.906<span class=\"__1 _1bc\"> </span></span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de e<span class=\"__1 _5\"></span>ur<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-532": {
   "value": "15.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Fondo de comercio y otros activos intangibles<span class=\"__1 _1bc\"> </span></span></span>El <span class=\"__1 _6\"></span>movimiento <span class=\"__1 _8\"></span>habido <span class=\"__1 _6\"></span>durante <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>ejercicios <span class=\"__1 _6\"></span>2023 <span class=\"__1 _8\"></span>y <span class=\"__1 _6\"></span>2022 <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>fondo <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>comercio <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>diferente<span class=\"__1 _1bc\"> </span>s <span class=\"__1 _8\"></span>cuent<span class=\"__1 _1bc\"> </span>as<span class=\"__1 _1bc\"> </span>de activos inta<span class=\"__1 _6\"></span>ngibles y de sus correspo<span class=\"__1 _6\"></span>ndientes amortizaciones<span class=\"__1 _6\"></span> y deterioros ha <span class=\"__1 _6\"></span>sido el siguiente:<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span> de di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>mbre de<span class=\"__1 _70\"></span> 2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>do <span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span>01<span class=\"__1 _6\"></span>/0<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>/20<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _5\"></span>di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> o<span class=\"__1 _1bc\"> </span>dota<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>ti<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> o<span class=\"__1 _1bc\"> </span>reduc<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _1bc\"> </span>Tra<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>pa<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>do <span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/20<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>Fondo<span class=\"__1 _6\"></span> de come<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span> <span class=\"__1 _98\"> </span><span class=\"ls4f\">              2<span class=\"__1 _6\"></span>.737<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -                  2.73<span class=\"__1 _6\"></span>7<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>pl<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ca<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>nfor<span class=\"__1 _6\"></span>m\u00e1<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _ec\"> </span><span class=\"ls4f\">            34.76<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                 14<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span> <span class=\"__1 _119\"> </span>                     -                  2.69<span class=\"__1 _6\"></span>3 <span class=\"__1 _c9\"> </span>            37<span class=\"__1 _6\"></span>.60<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span></span>Ga<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>tos<span class=\"__1 _8\"></span> de de<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>rr<span class=\"__1 _6\"></span>ol<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>o<span class=\"__1 _118\"> </span><span class=\"ls4f\">            1<span class=\"__1 _6\"></span>8.45<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _c9\"> </span>                     -   <span class=\"__1 _c8\"> </span>            18<span class=\"__1 _6\"></span>.452<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>nti<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>pos<span class=\"__1 _148\"> </span><span class=\"ls4f\">              1.75<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              5.78<span class=\"__1 _6\"></span>7 <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _c8\"> </span>            (3.09<span class=\"__1 _6\"></span>7)<span class=\"__1 _d1\"> </span>              4.44<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span></span>De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>hos<span class=\"__1 _8\"></span> de ge<span class=\"__1 _70\"></span>nera<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _6\"></span> de e<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>g\u00eda<span class=\"__1 _1bc\"> </span>e<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>\u00e9<span class=\"__1 _5\"></span>ctr<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ca            21<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>2 <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _4\"> </span>            2<span class=\"__1 _6\"></span>1.00<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>hos<span class=\"__1 _8\"></span> de ri<span class=\"__1 _8\"></span>eg<span class=\"__1 _5\"></span>o<span class=\"__1 _149\"> </span><span class=\"ls4f\">              4.57<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _c9\"> </span>                     -   <span class=\"__1 _c6\"> </span>                 2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>9 <span class=\"__1 _cf\"> </span>              4<span class=\"__1 _6\"></span>.787<span class=\"__1 _1bc\"> </span></span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vo<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>n<span class=\"__1 _6\"></span>tan<span class=\"__1 _6\"></span>gi<span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span> <span class=\"__1 _9c\"> </span><span class=\"ls4f\">              6<span class=\"__1 _6\"></span>.18<span class=\"__1 _6\"></span>5 <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -                  6.18<span class=\"__1 _6\"></span>5<span class=\"__1 _1bc\"> </span></span>T<span class=\"__1 _5\"></span>ot<span class=\"__1 _6\"></span>al<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>c<span class=\"__1 _5\"></span>oste<span class=\"__1 _e\"> </span><span class=\"ls4f\">            8<span class=\"__1 _6\"></span>9.479<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              5<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>93<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _8\"></span>                (19<span class=\"__1 _6\"></span>5)<span class=\"__1 _cd\"> </span>            9<span class=\"__1 _6\"></span>5.21<span class=\"__1 _6\"></span>4<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>pl<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ca<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>nfor<span class=\"__1 _6\"></span>m\u00e1<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _d\"> </span><span class=\"ls4f\">          (26<span class=\"__1 _6\"></span>.98<span class=\"__1 _6\"></span>6)<span class=\"__1 _cf\"> </span>            (2<span class=\"__1 _6\"></span>.670<span class=\"__1 _6\"></span>)<span class=\"__1 _2a\"> </span>                     -   <span class=\"__1 _c9\"> </span>                     -   <span class=\"__1 _8\"></span>          (2<span class=\"__1 _6\"></span>9.65<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>Ga<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>tos<span class=\"__1 _8\"></span> de de<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>rr<span class=\"__1 _6\"></span>ol<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>o<span class=\"__1 _11c\"> </span><span class=\"ls4f\">          (13<span class=\"__1 _6\"></span>.867<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>                (48<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)<span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _c9\"> </span>                     -   <span class=\"__1 _8\"></span>          (1<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>.347<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>hos<span class=\"__1 _8\"></span> de ge<span class=\"__1 _70\"></span>nera<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _6\"></span> de e<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>g\u00eda<span class=\"__1 _1bc\"> </span>e<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>\u00e9<span class=\"__1 _5\"></span>ctr<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ca            (2.32<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>                (84<span class=\"__1 _6\"></span>3)<span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _4\"> </span>            (3<span class=\"__1 _6\"></span>.170<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>hos<span class=\"__1 _8\"></span> de ri<span class=\"__1 _8\"></span>eg<span class=\"__1 _5\"></span>o<span class=\"__1 _84\"> </span><span class=\"ls4f\">                (24<span class=\"__1 _6\"></span>6)<span class=\"__1 _c9\"> </span>                (22<span class=\"__1 _6\"></span>9)<span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _8\"></span>                (4<span class=\"__1 _6\"></span>75<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vo<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>n<span class=\"__1 _6\"></span>tan<span class=\"__1 _6\"></span>gi<span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _85\"> </span><span class=\"ls4f\">            (1<span class=\"__1 _6\"></span>.809<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>                (1<span class=\"__1 _6\"></span>41<span class=\"__1 _6\"></span>)<span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _4\"> </span>            (1.95<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>T<span class=\"__1 _5\"></span>ot<span class=\"__1 _6\"></span>al<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>a<span class=\"__1 _5\"></span>m<span class=\"__1 _6\"></span>ort<span class=\"__1 _6\"></span>iza<span class=\"__1 _5\"></span>ci<span class=\"__1 _5\"></span>ones <span class=\"__1 _4a\"> </span><span class=\"ls4f\">          (45<span class=\"__1 _6\"></span>.235<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (4.363<span class=\"__1 _6\"></span>)<span class=\"__1 _d0\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _8\"></span>          (49<span class=\"__1 _6\"></span>.598<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>Det<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>ioros de <span class=\"__1 _6\"></span>va<span class=\"__1 _70\"></span>lor<span class=\"__1 _6\"></span> (Not<span class=\"__1 _6\"></span>a 19<span class=\"__1 _6\"></span>)<span class=\"__1 _83\"> </span><span class=\"ls4f\">            (6<span class=\"__1 _6\"></span>.337<span class=\"__1 _6\"></span>)<span class=\"__1 _d0\"> </span>                     -   <span class=\"__1 _4\"> </span>                    1<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>                  (25<span class=\"__1 _6\"></span>)<span class=\"__1 _ce\"> </span>            (6<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>34<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>T<span class=\"__1 _5\"></span>ot<span class=\"__1 _6\"></span>al<span class=\"__1 _151\"> </span><span class=\"ls4f\">            37<span class=\"__1 _6\"></span>.906<span class=\"__1 _6\"></span> <span class=\"__1 _152\"> </span>            39<span class=\"__1 _6\"></span>.266<span class=\"__1 _1bc\"> </span></span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de e<span class=\"__1 _5\"></span>ur<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>16.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Propiedad, planta y equipo<span class=\"__1 _1bc\"> </span></span></span><span class=\"ff5 ls0_1\"><span class=\"ff3_1\"> </span></span>El  movimiento <span class=\"__1 _150\"> </span>hab<span class=\"__1 _6\"></span>ido  en  la<span class=\"__1 _6\"></span>s  diferentes  cu<span class=\"__1 _6\"></span>entas  de  es<span class=\"__1 _6\"></span>te  ep\u00edgrafe  d<span class=\"__1 _6\"></span>el <span class=\"__1 _cb\"> </span>Estado <span class=\"__1 _150\"> </span>de  Sit<span class=\"__1 _6\"></span>uaci\u00f3n  Fina<span class=\"__1 _6\"></span>nciera<span class=\"__1 _1bc\"> </span> consolidado <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>de su<span class=\"__1 _6\"></span>s corresp<span class=\"__1 _6\"></span>ondientes amortizacion<span class=\"__1 _6\"></span>es acu<span class=\"__1 _6\"></span>muladas <span class=\"__1 _6\"></span>en los<span class=\"__1 _6\"></span> ejercicios<span class=\"__1 _6\"></span> 2023 <span class=\"__1 _6\"></span>y 2022<span class=\"__1 _6\"></span> ha <span class=\"__1 _6\"></span>sido <span class=\"__1 _6\"></span>el<span class=\"__1 _1bc\"> </span> siguiente:<span class=\"__1 _1bc\"> </span> 31<span class=\"__1 _6\"></span> de di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>mbre de<span class=\"__1 _70\"></span> 2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>do <span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span>01<span class=\"__1 _6\"></span>/0<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>/20<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _5\"></span>di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> o<span class=\"__1 _1bc\"> </span>dota<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>ti<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> o<span class=\"__1 _1bc\"> </span>reduc<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _1bc\"> </span>Tra<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>pa<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>do <span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/20<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>Fondo<span class=\"__1 _6\"></span> de come<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span> <span class=\"__1 _98\"> </span><span class=\"ls4f\">              2<span class=\"__1 _6\"></span>.737<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -                  2.73<span class=\"__1 _6\"></span>7<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>pl<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ca<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>nfor<span class=\"__1 _6\"></span>m\u00e1<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _ec\"> </span><span class=\"ls4f\">            31.30<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>                    4<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>                  (29<span class=\"__1 _6\"></span>)<span class=\"__1 _cc\"> </span>              3<span class=\"__1 _6\"></span>.44<span class=\"__1 _6\"></span>0 <span class=\"__1 _c9\"> </span>            34<span class=\"__1 _6\"></span>.767<span class=\"__1 _1bc\"> </span></span>Ga<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>tos<span class=\"__1 _8\"></span> de de<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>rr<span class=\"__1 _6\"></span>ol<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>o<span class=\"__1 _118\"> </span><span class=\"ls4f\">            1<span class=\"__1 _6\"></span>8.45<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _c9\"> </span>                     -   <span class=\"__1 _c8\"> </span>            18<span class=\"__1 _6\"></span>.452<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>nti<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>pos<span class=\"__1 _148\"> </span><span class=\"ls4f\">              2.24<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              2.97<span class=\"__1 _6\"></span>0 <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _c8\"> </span>            (3.46<span class=\"__1 _6\"></span>0)<span class=\"__1 _d1\"> </span>              1.75<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span></span>De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>hos<span class=\"__1 _8\"></span> de ge<span class=\"__1 _70\"></span>nera<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _6\"></span> de e<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>g\u00eda<span class=\"__1 _1bc\"> </span>e<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>\u00e9<span class=\"__1 _5\"></span>ctr<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ca            21<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>2 <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _4\"> </span>            2<span class=\"__1 _6\"></span>1.00<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>hos<span class=\"__1 _8\"></span> de ri<span class=\"__1 _8\"></span>eg<span class=\"__1 _5\"></span>o<span class=\"__1 _149\"> </span><span class=\"ls4f\">              4.55<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _c9\"> </span>                     -   <span class=\"__1 _c8\"> </span>                    20<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              4.57<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span></span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vo<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>n<span class=\"__1 _6\"></span>tan<span class=\"__1 _6\"></span>gi<span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span> <span class=\"__1 _9c\"> </span><span class=\"ls4f\">              6<span class=\"__1 _6\"></span>.16<span class=\"__1 _6\"></span>1 <span class=\"__1 _c9\"> </span>                    24<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -                  6.18<span class=\"__1 _6\"></span>5<span class=\"__1 _1bc\"> </span></span>T<span class=\"__1 _5\"></span>ot<span class=\"__1 _6\"></span>al<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>c<span class=\"__1 _5\"></span>oste<span class=\"__1 _e\"> </span><span class=\"ls4f\">            8<span class=\"__1 _6\"></span>6.467<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              3<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>04<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>                  (29<span class=\"__1 _6\"></span>)<span class=\"__1 _d0\"> </span>                     -   <span class=\"__1 _4\"> </span>            8<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>47<span class=\"__1 _6\"></span>9<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>pl<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ca<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>nfor<span class=\"__1 _6\"></span>m\u00e1<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _d\"> </span><span class=\"ls4f\">          (24<span class=\"__1 _6\"></span>.74<span class=\"__1 _6\"></span>6)<span class=\"__1 _cf\"> </span>            (2<span class=\"__1 _6\"></span>.194<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>                    29<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>                  (75<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (2<span class=\"__1 _6\"></span>6.98<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>Ga<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>tos<span class=\"__1 _8\"></span> de de<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>rr<span class=\"__1 _6\"></span>ol<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>o<span class=\"__1 _11c\"> </span><span class=\"ls4f\">          (13<span class=\"__1 _6\"></span>.383<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>                (48<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>)<span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _c9\"> </span>                     -   <span class=\"__1 _8\"></span>          (1<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.867<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>hos<span class=\"__1 _8\"></span> de ge<span class=\"__1 _70\"></span>nera<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _6\"></span> de e<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>g\u00eda<span class=\"__1 _1bc\"> </span>e<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>\u00e9<span class=\"__1 _5\"></span>ctr<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ca            (1.48<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>                (84<span class=\"__1 _6\"></span>3)<span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _4\"> </span>            (2<span class=\"__1 _6\"></span>.327<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>hos<span class=\"__1 _8\"></span> de ri<span class=\"__1 _8\"></span>eg<span class=\"__1 _5\"></span>o<span class=\"__1 _84\"> </span><span class=\"ls4f\">                  (18<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>                (22<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>)<span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _c9\"> </span>                     -   <span class=\"__1 _8\"></span>                (2<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>6)<span class=\"__1 _1bc\"> </span></span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vo<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>n<span class=\"__1 _6\"></span>tan<span class=\"__1 _6\"></span>gi<span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _85\"> </span><span class=\"ls4f\">            (1<span class=\"__1 _6\"></span>.584<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>                (2<span class=\"__1 _6\"></span>16<span class=\"__1 _6\"></span>)<span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _4\"> </span>                    (9<span class=\"__1 _6\"></span>)<span class=\"__1 _ce\"> </span>            (1<span class=\"__1 _6\"></span>.80<span class=\"__1 _6\"></span>9)<span class=\"__1 _1bc\"> </span></span>T<span class=\"__1 _5\"></span>ot<span class=\"__1 _6\"></span>al<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>a<span class=\"__1 _5\"></span>m<span class=\"__1 _6\"></span>ort<span class=\"__1 _6\"></span>iza<span class=\"__1 _5\"></span>ci<span class=\"__1 _5\"></span>ones <span class=\"__1 _4a\"> </span><span class=\"ls4f\">          (41<span class=\"__1 _6\"></span>.215<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (3.965<span class=\"__1 _6\"></span>)<span class=\"__1 _ce\"> </span>                    2<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>                  (84<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (45.23<span class=\"__1 _6\"></span>5)<span class=\"__1 _1bc\"> </span></span>Det<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>ioros de <span class=\"__1 _6\"></span>va<span class=\"__1 _70\"></span>lor<span class=\"__1 _6\"></span> (Not<span class=\"__1 _6\"></span>a 19<span class=\"__1 _6\"></span>)<span class=\"__1 _83\"> </span><span class=\"ls4f\">            (7<span class=\"__1 _6\"></span>.314<span class=\"__1 _6\"></span>)<span class=\"__1 _ce\"> </span>            (1<span class=\"__1 _6\"></span>.493<span class=\"__1 _6\"></span>)<span class=\"__1 _cc\"> </span>              2<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>38<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>                    8<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>            (6.33<span class=\"__1 _6\"></span>7)<span class=\"__1 _1bc\"> </span></span>T<span class=\"__1 _5\"></span>ot<span class=\"__1 _6\"></span>al<span class=\"__1 _151\"> </span><span class=\"ls4f\">            37<span class=\"__1 _6\"></span>.938<span class=\"__1 _6\"></span> <span class=\"__1 _152\"> </span>            37<span class=\"__1 _6\"></span>.906<span class=\"__1 _1bc\"> </span></span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de e<span class=\"__1 _5\"></span>ur<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>Los activos<span class=\"__1 _6\"></span> productivos del Grupo s<span class=\"__1 _6\"></span>e ubican \u00edntegramente e<span class=\"__1 _6\"></span>n Espa\u00f1a.<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span> de di<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>em<span class=\"__1 _70\"></span>b<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> de 20<span class=\"__1 _6\"></span>23<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>do a<span class=\"__1 _8\"></span>l<span class=\"__1 _1bc\"> </span>01<span class=\"__1 _6\"></span>/0<span class=\"__1 _6\"></span>1/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _5\"></span>di<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>es o<span class=\"__1 _1bc\"> </span>Dota<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>ti<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> o<span class=\"__1 _1bc\"> </span>reduc<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>onesTra<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>pa<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>os<span class=\"__1 _1bc\"> </span>Di<span class=\"__1 _6\"></span>ferenc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span>co<span class=\"__1 _6\"></span>nvers<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>\u00f3<span class=\"__1 _6\"></span>n<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>do a<span class=\"__1 _8\"></span>l<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>Te<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>enos<span class=\"__1 _6\"></span> for<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s  83<span class=\"__1 _6\"></span>.79<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>   <span class=\"__1 _12f\"> </span>  4<span class=\"__1 _6\"></span>.06<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>   <span class=\"__1 _51\"> </span><span class=\"ls50\">                    -   <span class=\"__1 _5c\"> </span>                    -   <span class=\"__1 _51\"> </span>                    -   <span class=\"__1 _153\"> </span></span>  87<span class=\"__1 _6\"></span>.85<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>  Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> terrenos  15<span class=\"__1 _6\"></span>.26<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>   <span class=\"__1 _12f\"> </span>  1<span class=\"__1 _6\"></span>.36<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>   <span class=\"__1 _51\"> </span><span class=\"ls50\">                    -   <span class=\"__1 _af\"> </span></span>  7<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>   <span class=\"__1 _58\"> </span><span class=\"ls50\">                 (5<span class=\"__1 _6\"></span>)   <span class=\"__1 _153\"> </span></span>  1<span class=\"__1 _6\"></span>6.70<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>  Cons<span class=\"__1 _8\"></span>truc<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones  16<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.82<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>   <span class=\"__1 _97\"> </span>  4<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>5   <span class=\"__1 _5c\"> </span><span class=\"ls50\">                    -   <span class=\"__1 _12f\"> </span></span>  4<span class=\"__1 _6\"></span>.99<span class=\"__1 _6\"></span>8   <span class=\"__1 _5c\"> </span><span class=\"ls50\">                    -   <span class=\"__1 _113\"> </span></span>  1<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>6.2<span class=\"__1 _6\"></span>50<span class=\"__1 _6\"></span>  I<span class=\"__1 _6\"></span>ns<span class=\"__1 _8\"></span>tal<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> t\u00e9<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>ni<span class=\"__1 _8\"></span>ca<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> y<span class=\"__1 _6\"></span> maqu<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a  1.8<span class=\"__1 _6\"></span>35<span class=\"__1 _6\"></span>.75<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>   <span class=\"__1 _12f\"> </span>  3<span class=\"__1 _6\"></span>.17<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>   <span class=\"__1 _58\"> </span><span class=\"ls50\">         (1<span class=\"__1 _6\"></span>.55<span class=\"__1 _6\"></span>5)   <span class=\"__1 _153\"> </span></span>  4<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.09<span class=\"__1 _6\"></span>4   <span class=\"__1 _b5\"> </span><span class=\"ls50\">                 (3<span class=\"__1 _6\"></span>)   <span class=\"__1 _145\"> </span></span>  1<span class=\"__1 _6\"></span>.87<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.46<span class=\"__1 _6\"></span>1  Otro<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>nmovi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>za<span class=\"__1 _6\"></span>do  56<span class=\"__1 _6\"></span>.70<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>   <span class=\"__1 _af\"> </span>  9<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>   <span class=\"__1 _51\"> </span><span class=\"ls50\">                    -   <span class=\"__1 _12f\"> </span></span>  2<span class=\"__1 _6\"></span>.80<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>   <span class=\"__1 _51\"> </span><span class=\"ls50\">                    -   <span class=\"__1 _153\"> </span></span>  5<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>.599<span class=\"__1 _6\"></span>  A<span class=\"__1 _5\"></span>nti<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>pos<span class=\"__1 _8\"></span> e i<span class=\"__1 _6\"></span>nmovi<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>za<span class=\"__1 _6\"></span>do<span class=\"__1 _6\"></span> e<span class=\"__1 _5\"></span>n c<span class=\"__1 _6\"></span>ur<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>o  25<span class=\"__1 _6\"></span>.16<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>   <span class=\"__1 _153\"> </span>  6<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.69<span class=\"__1 _6\"></span>5  <span class=\"__1 _6\"></span> <span class=\"__1 _58\"> </span><span class=\"ls50\">         (1<span class=\"__1 _6\"></span>.871<span class=\"__1 _6\"></span>)   <span class=\"__1 _51\"> </span>      (4<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.351<span class=\"__1 _6\"></span>)   <span class=\"__1 _51\"> </span>                    -   <span class=\"__1 _153\"> </span></span>  4<span class=\"__1 _6\"></span>3.6<span class=\"__1 _6\"></span>42<span class=\"__1 _6\"></span>  De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>ho de us<span class=\"__1 _8\"></span>o (Not<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span> 1<span class=\"__1 _6\"></span>7)  47<span class=\"__1 _6\"></span>.34<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>   <span class=\"__1 _12f\"> </span>  9<span class=\"__1 _6\"></span>.84<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>   <span class=\"__1 _58\"> </span><span class=\"ls50\">         (2<span class=\"__1 _6\"></span>.82<span class=\"__1 _6\"></span>9)   <span class=\"__1 _55\"> </span>            (4<span class=\"__1 _6\"></span>31<span class=\"__1 _6\"></span>)   <span class=\"__1 _51\"> </span>                    -   <span class=\"__1 _153\"> </span></span>  5<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.92<span class=\"__1 _6\"></span>8 <span class=\"__1 _6\"></span> Total<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>cos<span class=\"__1 _70\"></span>t<span class=\"__1 _6\"></span>e  2.22<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>.851<span class=\"__1 _6\"></span>   <span class=\"__1 _153\"> </span>  8<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.658<span class=\"__1 _6\"></span>   <span class=\"__1 _b5\"> </span><span class=\"ls50\">         (6.255<span class=\"__1 _6\"></span>)   <span class=\"__1 _97\"> </span></span>  1<span class=\"__1 _6\"></span>95<span class=\"__1 _6\"></span>   <span class=\"__1 _b5\"> </span><span class=\"ls50\">                 (8)   <span class=\"__1 _145\"> </span></span>  2<span class=\"__1 _6\"></span>.30<span class=\"__1 _6\"></span>6.44<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>  Cons<span class=\"__1 _8\"></span>truc<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones      (73<span class=\"__1 _6\"></span>.370<span class=\"__1 _6\"></span>)   <span class=\"__1 _58\"> </span>         (5<span class=\"__1 _6\"></span>.44<span class=\"__1 _6\"></span>8)   <span class=\"__1 _5c\"> </span>                    -   <span class=\"__1 _51\"> </span>                    -   <span class=\"__1 _51\"> </span>                    -   <span class=\"__1 _51\"> </span>      (7<span class=\"__1 _6\"></span>8.81<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>)  I<span class=\"__1 _6\"></span>ns<span class=\"__1 _8\"></span>tal<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> t\u00e9<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>ni<span class=\"__1 _8\"></span>ca<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> y<span class=\"__1 _6\"></span> maqu<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a (1.0<span class=\"__1 _6\"></span>81<span class=\"__1 _6\"></span>.06<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>)   <span class=\"__1 _5c\"> </span><span class=\"ls50\">      (76<span class=\"__1 _6\"></span>.562<span class=\"__1 _6\"></span>)   <span class=\"__1 _af\"> </span></span>  4<span class=\"__1 _6\"></span>4 <span class=\"__1 _6\"></span>  <span class=\"__1 _d7\"> </span>  6   <span class=\"__1 _d7\"> </span>  3<span class=\"__1 _6\"></span>   <span class=\"__1 _58\"> </span> (1<span class=\"__1 _6\"></span>.15<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.57<span class=\"__1 _6\"></span>3) <span class=\"__1 _6\"></span> Otro<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>nmovi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>za<span class=\"__1 _6\"></span>do      (34<span class=\"__1 _6\"></span>.248<span class=\"__1 _6\"></span>)   <span class=\"__1 _58\"> </span>         (2<span class=\"__1 _6\"></span>.74<span class=\"__1 _6\"></span>9)   <span class=\"__1 _5c\"> </span>                    -   <span class=\"__1 _51\"> </span>                    -   <span class=\"__1 _51\"> </span>                    -   <span class=\"__1 _51\"> </span>      (3<span class=\"__1 _6\"></span>6.99<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>)  De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>ho de us<span class=\"__1 _8\"></span>o (Not<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span> 1<span class=\"__1 _6\"></span>7)         (9.17<span class=\"__1 _6\"></span>7)   <span class=\"__1 _b5\"> </span>         (4.65<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>)   <span class=\"__1 _12f\"> </span><span class=\"ls0_1\">  2.1<span class=\"__1 _6\"></span>93<span class=\"__1 _6\"></span>   <span class=\"__1 _5c\"> </span></span>                    -   <span class=\"__1 _51\"> </span>                    -   <span class=\"__1 _51\"> </span>      (1<span class=\"__1 _6\"></span>1.63<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>)  Total<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>amort<span class=\"__1 _6\"></span>iza<span class=\"__1 _5\"></span>ci<span class=\"__1 _70\"></span>one<span class=\"__1 _6\"></span>s (1.19<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>85<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>)   <span class=\"__1 _5c\"> </span>      (8<span class=\"__1 _6\"></span>9.41<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>)   <span class=\"__1 _12f\"> </span>  2<span class=\"__1 _6\"></span>.237<span class=\"__1 _6\"></span>   <span class=\"__1 _d7\"> </span>  6<span class=\"__1 _6\"></span>   <span class=\"__1 _d7\"> </span>  3<span class=\"__1 _6\"></span>   <span class=\"__1 _58\"> </span> (1<span class=\"__1 _6\"></span>.285<span class=\"__1 _6\"></span>.025<span class=\"__1 _6\"></span>)  Det<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>rior<span class=\"__1 _6\"></span>os de valor (Not<span class=\"__1 _6\"></span>a 19<span class=\"__1 _6\"></span>)      (4<span class=\"__1 _6\"></span>3.11<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>)   <span class=\"__1 _58\"> </span><span class=\"ls50\">         (2<span class=\"__1 _6\"></span>.853<span class=\"__1 _6\"></span>)   <span class=\"__1 _153\"> </span></span>  13<span class=\"__1 _6\"></span>.527<span class=\"__1 _6\"></span>   <span class=\"__1 _af\"> </span>  2<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>   <span class=\"__1 _51\"> </span><span class=\"ls50\">                    -   <span class=\"__1 _5c\"> </span></span>      (3<span class=\"__1 _6\"></span>2.41<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>)  Total<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>Ne<span class=\"__1 _6\"></span>t<span class=\"__1 _6\"></span>o  98<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.876<span class=\"__1 _6\"></span>   <span class=\"__1 _14a\"> </span>  98<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.999<span class=\"__1 _6\"></span>  Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de e<span class=\"__1 _70\"></span>u<span class=\"__1 _6\"></span>ro<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span> de di<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>em<span class=\"__1 _70\"></span>b<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> de 20<span class=\"__1 _6\"></span>22<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>do a<span class=\"__1 _8\"></span>l<span class=\"__1 _1bc\"> </span>01<span class=\"__1 _6\"></span>/0<span class=\"__1 _6\"></span>1/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _5\"></span>di<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>es o<span class=\"__1 _1bc\"> </span>Dota<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>ti<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> o<span class=\"__1 _1bc\"> </span>reduc<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>onesTra<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>pa<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>os<span class=\"__1 _1bc\"> </span>Di<span class=\"__1 _6\"></span>ferenc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span>co<span class=\"__1 _6\"></span>nvers<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>\u00f3<span class=\"__1 _6\"></span>n<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>do a<span class=\"__1 _8\"></span>l<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>Te<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>enos<span class=\"__1 _6\"></span> for<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s  83<span class=\"__1 _6\"></span>.79<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>   <span class=\"__1 _5c\"> </span><span class=\"ls50\">                    -   <span class=\"__1 _51\"> </span>                    -   <span class=\"__1 _51\"> </span>                    -   <span class=\"__1 _51\"> </span>                    -   <span class=\"__1 _153\"> </span></span>  8<span class=\"__1 _6\"></span>3.7<span class=\"__1 _6\"></span>94<span class=\"__1 _6\"></span>  Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> terrenos  14<span class=\"__1 _6\"></span>.32<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>   <span class=\"__1 _97\"> </span>  9<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>   <span class=\"__1 _51\"> </span><span class=\"ls50\">                    -   <span class=\"__1 _58\"> </span>                 (7<span class=\"__1 _6\"></span>)   <span class=\"__1 _d7\"> </span></span>  8   <span class=\"__1 _153\"> </span>  <span class=\"__1 _6\"></span>15<span class=\"__1 _6\"></span>.26<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>  Cons<span class=\"__1 _8\"></span>truc<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones  16<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.39<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>   <span class=\"__1 _51\"> </span><span class=\"ls50\">                    -   <span class=\"__1 _58\"> </span>         (2<span class=\"__1 _6\"></span>.48<span class=\"__1 _6\"></span>4)   <span class=\"__1 _12f\"> </span></span>  <span class=\"__1 _6\"></span>1.91<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>   <span class=\"__1 _5c\"> </span><span class=\"ls50\">                    -   <span class=\"__1 _113\"> </span></span>  16<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.82<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>  I<span class=\"__1 _6\"></span>ns<span class=\"__1 _8\"></span>tal<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> t\u00e9<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>ni<span class=\"__1 _8\"></span>ca<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> y<span class=\"__1 _6\"></span> maqu<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a  1.8<span class=\"__1 _6\"></span>78<span class=\"__1 _6\"></span>.95<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>   <span class=\"__1 _12f\"> </span>  8<span class=\"__1 _6\"></span>.21<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>   <span class=\"__1 _51\"> </span><span class=\"ls50\">      (8<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.546<span class=\"__1 _6\"></span>)   <span class=\"__1 _153\"> </span></span>  3<span class=\"__1 _6\"></span>0.1<span class=\"__1 _6\"></span>26<span class=\"__1 _6\"></span>   <span class=\"__1 _d7\"> </span>  6<span class=\"__1 _6\"></span>   <span class=\"__1 _c7\"> </span>  1.83<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.75<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>  Otro<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>nmovi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>za<span class=\"__1 _6\"></span>do  64<span class=\"__1 _6\"></span>.33<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>   <span class=\"__1 _97\"> </span>  1<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>   <span class=\"__1 _58\"> </span><span class=\"ls50\">         (8<span class=\"__1 _6\"></span>.988<span class=\"__1 _6\"></span>)   <span class=\"__1 _12f\"> </span></span>  1<span class=\"__1 _6\"></span>.17<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>   <span class=\"__1 _d7\"> </span>  1   <span class=\"__1 _153\"> </span>  <span class=\"__1 _6\"></span>56<span class=\"__1 _6\"></span>.70<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>  A<span class=\"__1 _5\"></span>nti<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>pos<span class=\"__1 _8\"></span> e i<span class=\"__1 _6\"></span>nmovi<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>za<span class=\"__1 _6\"></span>do<span class=\"__1 _6\"></span> e<span class=\"__1 _5\"></span>n c<span class=\"__1 _6\"></span>ur<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>o  27<span class=\"__1 _6\"></span>.29<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>   <span class=\"__1 _153\"> </span>  3<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.71<span class=\"__1 _6\"></span>4  <span class=\"__1 _6\"></span> <span class=\"__1 _58\"> </span><span class=\"ls50\">         (4<span class=\"__1 _6\"></span>.626<span class=\"__1 _6\"></span>)   <span class=\"__1 _51\"> </span>      (3<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.211<span class=\"__1 _6\"></span>)   <span class=\"__1 _58\"> </span>                 (1<span class=\"__1 _6\"></span>)   <span class=\"__1 _153\"> </span></span>  25<span class=\"__1 _6\"></span>.16<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>  De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>ho de us<span class=\"__1 _8\"></span>o (Not<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span> 1<span class=\"__1 _6\"></span>7)  25<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>   <span class=\"__1 _153\"> </span>  1<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.05<span class=\"__1 _6\"></span>5  <span class=\"__1 _6\"></span> <span class=\"__1 _153\"> </span>  1<span class=\"__1 _6\"></span>1.28<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>   <span class=\"__1 _5c\"> </span><span class=\"ls50\">                    -   <span class=\"__1 _51\"> </span>                    -   <span class=\"__1 _153\"> </span></span>  47<span class=\"__1 _6\"></span>.34<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>  Total<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>cos<span class=\"__1 _70\"></span>t<span class=\"__1 _6\"></span>e  2.25<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.108<span class=\"__1 _6\"></span>   <span class=\"__1 _153\"> </span>  5<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.092<span class=\"__1 _6\"></span>   <span class=\"__1 _5c\"> </span>      (8<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.363<span class=\"__1 _6\"></span>)   <span class=\"__1 _5c\"> </span><span class=\"ls50\">                    -   <span class=\"__1 _af\"> </span></span>  14<span class=\"__1 _6\"></span>   <span class=\"__1 _c7\"> </span>  2.22<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>85<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>  Cons<span class=\"__1 _8\"></span>truc<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones      (70<span class=\"__1 _6\"></span>.116<span class=\"__1 _6\"></span>)   <span class=\"__1 _58\"> </span>         (5<span class=\"__1 _6\"></span>.22<span class=\"__1 _6\"></span>5)   <span class=\"__1 _12f\"> </span><span class=\"ls0_1\">  2<span class=\"__1 _6\"></span>.20<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>   <span class=\"__1 _55\"> </span></span>            (2<span class=\"__1 _6\"></span>32<span class=\"__1 _6\"></span>)   <span class=\"__1 _51\"> </span>                    -   <span class=\"__1 _5c\"> </span>      (73<span class=\"__1 _6\"></span>.370<span class=\"__1 _6\"></span>)  I<span class=\"__1 _6\"></span>ns<span class=\"__1 _8\"></span>tal<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> t\u00e9<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>ni<span class=\"__1 _8\"></span>ca<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> y<span class=\"__1 _6\"></span> maqu<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a (1.0<span class=\"__1 _6\"></span>52<span class=\"__1 _6\"></span>.04<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>)   <span class=\"__1 _5c\"> </span><span class=\"ls50\">      (76<span class=\"__1 _6\"></span>.094<span class=\"__1 _6\"></span>)   <span class=\"__1 _153\"> </span></span>  5<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.26<span class=\"__1 _6\"></span>4   <span class=\"__1 _b5\"> </span><span class=\"ls50\">         (4.18<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>)   <span class=\"__1 _58\"> </span>                 (5<span class=\"__1 _6\"></span>)   <span class=\"__1 _58\"> </span></span> (1<span class=\"__1 _6\"></span>.08<span class=\"__1 _6\"></span>1.0<span class=\"__1 _6\"></span>64<span class=\"__1 _6\"></span>)  Otro<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>nmovi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>za<span class=\"__1 _6\"></span>do      (39<span class=\"__1 _6\"></span>.175<span class=\"__1 _6\"></span>)   <span class=\"__1 _58\"> </span>         (2<span class=\"__1 _6\"></span>.67<span class=\"__1 _6\"></span>0)   <span class=\"__1 _12f\"> </span><span class=\"ls0_1\">  8<span class=\"__1 _6\"></span>.02<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>   <span class=\"__1 _55\"> </span></span>            (4<span class=\"__1 _6\"></span>31<span class=\"__1 _6\"></span>)   <span class=\"__1 _58\"> </span>                 (1<span class=\"__1 _6\"></span>)   <span class=\"__1 _51\"> </span>      (3<span class=\"__1 _6\"></span>4.24<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>)  De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>ho de us<span class=\"__1 _8\"></span>o (Not<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span> 1<span class=\"__1 _6\"></span>7)         (6.48<span class=\"__1 _6\"></span>9)   <span class=\"__1 _b5\"> </span>         (4.14<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>)   <span class=\"__1 _12f\"> </span><span class=\"ls0_1\">  1.4<span class=\"__1 _6\"></span>56<span class=\"__1 _6\"></span>   <span class=\"__1 _5c\"> </span></span>                    -   <span class=\"__1 _51\"> </span>                    -   <span class=\"__1 _58\"> </span>         (9<span class=\"__1 _6\"></span>.177<span class=\"__1 _6\"></span>)  Total<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>amort<span class=\"__1 _6\"></span>iza<span class=\"__1 _5\"></span>ci<span class=\"__1 _70\"></span>one<span class=\"__1 _6\"></span>s (1.16<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>82<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>)   <span class=\"__1 _5c\"> </span>      (8<span class=\"__1 _6\"></span>8.13<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>)   <span class=\"__1 _153\"> </span>  6<span class=\"__1 _6\"></span>2.95<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>   <span class=\"__1 _58\"> </span><span class=\"ls50\">         (4<span class=\"__1 _6\"></span>.844<span class=\"__1 _6\"></span>)   <span class=\"__1 _58\"> </span>                 (6)   <span class=\"__1 _58\"> </span></span> (1<span class=\"__1 _6\"></span>.197<span class=\"__1 _6\"></span>.85<span class=\"__1 _6\"></span>9)  Det<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>rior<span class=\"__1 _6\"></span>os de valor (Not<span class=\"__1 _6\"></span>a 19<span class=\"__1 _6\"></span>)    (20<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.719<span class=\"__1 _6\"></span>)   <span class=\"__1 _5c\"> </span>      (3<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.292<span class=\"__1 _6\"></span>)   <span class=\"__1 _11e\"> </span>  19<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>.051<span class=\"__1 _6\"></span>   <span class=\"__1 _7e\"> </span>  4.84<span class=\"__1 _6\"></span>4  <span class=\"__1 _6\"></span> <span class=\"__1 _51\"> </span><span class=\"ls50\">                    -   <span class=\"__1 _51\"> </span></span>    <span class=\"__1 _6\"></span>  (43<span class=\"__1 _6\"></span>.11<span class=\"__1 _6\"></span>6)  Total<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>Ne<span class=\"__1 _6\"></span>t<span class=\"__1 _6\"></span>o  88<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.561<span class=\"__1 _6\"></span>   <span class=\"__1 _14a\"> </span>  98<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.876<span class=\"__1 _6\"></span>  Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de e<span class=\"__1 _70\"></span>u<span class=\"__1 _6\"></span>ro<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>16.2<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff8 fc3\">Bi<span class=\"__1 _6\"></span>enes tot<span class=\"__1 _5\"></span>almente amorti<span class=\"__1 _5\"></span>zados </span></span>Al <span class=\"__1 _c6\"> </span>cierre <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>los <span class=\"__1 _c6\"> </span>ejercicios <span class=\"__1 _c6\"> </span>20<span class=\"__1 _6\"></span>23 <span class=\"__1 _c6\"> </span>y <span class=\"__1 _c6\"> </span>2022 <span class=\"__1 _c6\"> </span>el <span class=\"__1 _ca\"> </span>Grupo <span class=\"__1 _c6\"> </span>ten\u00eda <span class=\"__1 _c6\"> </span>elementos<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>del <span class=\"__1 _c6\"> </span>inmovilizado <span class=\"__1 _c6\"> </span>material <span class=\"__1 _c6\"> </span>totalmente<span class=\"__1 _1bc\"> </span>amortizados q<span class=\"__1 _6\"></span>ue segu\u00edan en uso con<span class=\"__1 _6\"></span>forme al siguiente detalle:<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de E<span class=\"__1 _70\"></span>u<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>os<span class=\"__1 _ec\"> </span><span class=\"ls51\">2023<span class=\"__1 _4a\"> </span>2022<span class=\"__1 _1bc\"> </span></span>Cons<span class=\"__1 _8\"></span>tru<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _1bc\"> </span>28<span class=\"__1 _6\"></span>.4<span class=\"__1 _6\"></span>75<span class=\"__1 _25\"> </span>24<span class=\"__1 _6\"></span>.40<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span>I<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span> t<span class=\"__1 _5\"></span>\u00e9cni<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>s13<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.98<span class=\"__1 _6\"></span>8<span class=\"__1 _b\"> </span>12<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.28<span class=\"__1 _6\"></span>9<span class=\"__1 _1bc\"> </span>Ma<span class=\"__1 _6\"></span>qu<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>na<span class=\"__1 _8\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _91\"> </span>31<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.17<span class=\"__1 _6\"></span>0<span class=\"__1 _b\"> </span>30<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>.80<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>Ut<span class=\"__1 _70\"></span>i<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>j<span class=\"__1 _8\"></span>e<span class=\"__1 _14c\"> </span><span class=\"ls51\">717<span class=\"__1 _f\"> </span>712<span class=\"__1 _1bc\"> </span></span>Mobi<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>ri<span class=\"__1 _8\"></span>o<span class=\"__1 _147\"> </span>2.3<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>2<span class=\"__1 _6e\"> </span>2.34<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span>Otr<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> <span class=\"__1 _24\"> </span>1<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.90<span class=\"__1 _6\"></span>2<span class=\"__1 _25\"> </span>11<span class=\"__1 _6\"></span>.70<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span>48<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.60<span class=\"__1 _6\"></span>4<span class=\"__1 _14d\"> </span>47<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.26<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span>17.1<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff8 fc3\">Acti<span class=\"__1 _6\"></span>vos por der<span class=\"__1 _5\"></span>echos de us<span class=\"__1 _5\"></span>o<span class=\"__1 _1bc\"> </span></span></span>El <span class=\"__1 _8\"></span>movimiento <span class=\"__1 _6\"></span>hab<span class=\"__1 _6\"></span>ido <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>las <span class=\"__1 _8\"></span>diferentes <span class=\"__1 _8\"></span>cuentas <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>recogen <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>\u201cDerechos<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>uso <span class=\"__1 _8\"></span>sobre <span class=\"__1 _6\"></span>activ<span class=\"__1 _6\"></span>os\u201d <span class=\"__1 _8\"></span>y <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>su<span class=\"__1 _1bc\"> </span>s<span class=\"__1 _1bc\"> </span>correspondientes a<span class=\"__1 _6\"></span>mortizaciones a<span class=\"__1 _6\"></span>cumuladas en 2023 y<span class=\"__1 _6\"></span> 2022 ha sido el s<span class=\"__1 _6\"></span>iguiente:<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>em<span class=\"__1 _70\"></span>b<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> de 20<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3<span class=\"__1 _dc\"> </span>N<span class=\"__1 _5\"></span>ota<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>o a<span class=\"__1 _8\"></span>l<span class=\"__1 _1bc\"> </span>01<span class=\"__1 _6\"></span>/0<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>23<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span>/<span class=\"__1 _1bc\"> </span>Dota<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>onesRe<span class=\"__1 _70\"></span>ti<span class=\"__1 _8\"></span>r<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>o a<span class=\"__1 _8\"></span>l<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>23<span class=\"__1 _1bc\"> </span>Cos<span class=\"__1 _8\"></span>te<span class=\"__1 _70\"></span> -<span class=\"__1 _1bc\"> </span>Te<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>enos<span class=\"__1 _6\"></span> b<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>of\u00e1<span class=\"__1 _8\"></span>br<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span> Pon<span class=\"__1 _6\"></span>te<span class=\"__1 _70\"></span>vedra<span class=\"__1 _1bc\"> </span>16<span class=\"__1 _6f\"> </span><span class=\"ls0_1\">1<span class=\"__1 _6\"></span>9.8<span class=\"__1 _6\"></span>98<span class=\"__1 _100\"> </span>-<span class=\"__1 _100\"> </span>-<span class=\"__1 _e6\"> </span>1<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>.89<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>r<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>dos<span class=\"__1 _8\"></span> for<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>ta<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _1bc\"> </span>16<span class=\"__1 _dd\"> </span><span class=\"ls0_1\">9<span class=\"__1 _6\"></span>.63<span class=\"__1 _6\"></span>3<span class=\"__1 _f\"> </span>1<span class=\"__1 _6\"></span>.58<span class=\"__1 _6\"></span>1<span class=\"__1 _af\"> </span>(1<span class=\"__1 _6\"></span>.08<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>)<span class=\"__1 _53\"> </span>1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.13<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span></span>Re<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>to (*)<span class=\"__1 _1bc\"> </span>16<span class=\"__1 _6f\"> </span><span class=\"ls0_1\">1<span class=\"__1 _6\"></span>7.3<span class=\"__1 _6\"></span>83<span class=\"__1 _61\"> </span>8.26<span class=\"__1 _6\"></span>2<span class=\"__1 _af\"> </span>(1<span class=\"__1 _6\"></span>.74<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>)<span class=\"__1 _53\"> </span>2<span class=\"__1 _6\"></span>3.8<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span></span>Coste<span class=\"__1 _12b\"> </span>4<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.91<span class=\"__1 _6\"></span>4<span class=\"__1 _f\"> </span>9<span class=\"__1 _6\"></span>.84<span class=\"__1 _6\"></span>3<span class=\"__1 _af\"> </span>(2.82<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>)<span class=\"__1 _53\"> </span>53<span class=\"__1 _6\"></span>.92<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _70\"></span>mor<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>za<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n -<span class=\"__1 _1bc\"> </span>Te<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>enos<span class=\"__1 _6\"></span> b<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>of\u00e1<span class=\"__1 _8\"></span>br<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span> Pon<span class=\"__1 _6\"></span>te<span class=\"__1 _70\"></span>vedra<span class=\"__1 _1bc\"> </span>16<span class=\"__1 _d4\"> </span>384<span class=\"__1 _14e\"> </span>391<span class=\"__1 _6b\"> </span><span class=\"ls0_1\">-<span class=\"__1 _95\"> </span></span>775<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>r<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>dos<span class=\"__1 _8\"></span> for<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>ta<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _1bc\"> </span>16<span class=\"__1 _dd\"> </span><span class=\"ls0_1\">2<span class=\"__1 _6\"></span>.39<span class=\"__1 _6\"></span>4<span class=\"__1 _6f\"> </span></span>687<span class=\"__1 _92\"> </span><span class=\"ls0_1\">(7<span class=\"__1 _6\"></span>93<span class=\"__1 _6\"></span>)<span class=\"__1 _4a\"> </span>2<span class=\"__1 _6\"></span>.28<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span></span>Re<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>to (*)<span class=\"__1 _1bc\"> </span>16<span class=\"__1 _dd\"> </span><span class=\"ls0_1\">6<span class=\"__1 _6\"></span>.39<span class=\"__1 _6\"></span>9<span class=\"__1 _f\"> </span>3<span class=\"__1 _6\"></span>.57<span class=\"__1 _6\"></span>5<span class=\"__1 _af\"> </span>(1<span class=\"__1 _6\"></span>.40<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)<span class=\"__1 _4a\"> </span>8<span class=\"__1 _6\"></span>.57<span class=\"__1 _6\"></span>4<span class=\"__1 _1bc\"> </span></span>Am<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>t<span class=\"__1 _6\"></span>iza<span class=\"__1 _70\"></span>ci<span class=\"__1 _5\"></span>\u00f3n<span class=\"__1 _14f\"> </span>9.17<span class=\"__1 _6\"></span>7<span class=\"__1 _f\"> </span>4<span class=\"__1 _6\"></span>.65<span class=\"__1 _6\"></span>3<span class=\"__1 _af\"> </span>(2.19<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>)<span class=\"__1 _53\"> </span>1<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>63<span class=\"__1 _6\"></span>7<span class=\"__1 _1bc\"> </span>Det<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>ioros de<span class=\"__1 _6\"></span> va<span class=\"__1 _5\"></span>lor <span class=\"__1 _9e\"> </span><span class=\"ff4 ls52\">19<span class=\"__1 _139\"> </span></span>-<span class=\"__1 _6b\"> </span>-<span class=\"__1 _100\"> </span>-<span class=\"__1 _dc\"> </span>-<span class=\"__1 _1bc\"> </span>T<span class=\"__1 _5\"></span>ot<span class=\"__1 _6\"></span>a<span class=\"__1 _5\"></span>l Ne<span class=\"__1 _6\"></span>t<span class=\"__1 _6\"></span>o  3<span class=\"__1 _6\"></span>7.73<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>   <span class=\"__1 _bb\"> </span>  42<span class=\"__1 _6\"></span>.29<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>  Mi<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> e<span class=\"__1 _5\"></span>ur<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>(*<span class=\"__1 _5\"></span>) I<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>uye pr<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>pa<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>me<span class=\"__1 _70\"></span>nte<span class=\"__1 _5\"></span> a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>enda<span class=\"__1 _8\"></span>m<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>ntos<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e ofi<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>n<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> y<span class=\"__1 _6\"></span> veh\u00edcul<span class=\"__1 _4\"></span>os<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span><div class=\"c_1 we6 h17b gse4\"><div class=\"t_1 m27 x9 h172 ya40 ff4 fs37 fc0_1 sc0_1 ls0_1 ws0_1\">31<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>em<span class=\"__1 _70\"></span>b<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> de 20<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>2<span class=\"__1 _dc\"> </span>N<span class=\"__1 _5\"></span>ota<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 we7 h17b gse5\"><div class=\"t_1 m27 x98 h172 ya41 ff4 fs37 fc0_1 sc0_1 ls0_1 ws0_1\">Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>o a<span class=\"__1 _8\"></span>l<span class=\"__1 _1bc\"> </span><span class=\"__1 _8\"></span> </div><div class=\"t_1 m27 x2c h172 ya40 ff4 fs37 fc0_1 sc0_1 ls0_1 ws0_1\">01<span class=\"__1 _6\"></span>/0<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>22<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 we7 h17b gse6\"><div class=\"t_1 m27 x14 h172 ya41 ff4 fs37 fc0_1 sc0_1 ls0_1 ws0_1\">A<span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span>/<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m27 x14 h172 ya40 ff4 fs37 fc0_1 sc0_1 ls0_1 ws0_1\">Dota<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones</div></div><div class=\"c_1 we6 h17b gse4\"><div class=\"t_1 m27 xe8 h172 ya40 ff4 fs37 fc0_1 sc0_1 ls0_1 ws0_1\">Re<span class=\"__1 _70\"></span>ti<span class=\"__1 _8\"></span>r<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 we8 h17b gse7\"><div class=\"t_1 m27 x33 h172 ya41 ff4 fs37 fc0_1 sc0_1 ls0_1 ws0_1\">Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>o a<span class=\"__1 _8\"></span>l<span class=\"__1 _1bc\"> </span><span class=\"__1 _8\"></span> </div><div class=\"t_1 m27 x3a h172 ya40 ff4 fs37 fc0_1 sc0_1 ls0_1 ws0_1\">31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>22<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 we6 h17c gse8\"><div class=\"t_1 m27 x9 h172 ya43 ff4 fs37 fc0_1 sc0_1 ls0_1 ws0_1\">Cos<span class=\"__1 _8\"></span>te<span class=\"__1 _70\"></span> -<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 we9 h17c gse9\"><div class=\"t_1 m27 x38 h172 ya45 ff4 fs37 fc0_1 sc0_1 ls0_1 ws0_1\">Te<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>enos<span class=\"__1 _6\"></span> b<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>of\u00e1<span class=\"__1 _8\"></span>br<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span> Pon<span class=\"__1 _6\"></span>te<span class=\"__1 _70\"></span>vedra<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 we6 h17c gse9\"><div class=\"t_1 m27 xe9 h172 ya43 ff4 fs37 fc0_1 sc0_1 ls52 ws0_1\">16<span class=\"__1 _dd\"> </span><span class=\"ls0_1\">3<span class=\"__1 _6\"></span>.79<span class=\"__1 _6\"></span>1<span class=\"__1 _23\"> </span>22<span class=\"__1 _6\"></span>.97<span class=\"__1 _6\"></span>0<span class=\"__1 _af\"> </span>(6<span class=\"__1 _6\"></span>.86<span class=\"__1 _6\"></span>3)<span class=\"__1 _97\"> </span>19<span class=\"__1 _6\"></span>.89<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span></span></div></div><div class=\"c_1 wea h176 gsea\"><div class=\"t_1 m27 x38 h172 ya47 ff4 fs37 fc0_1 sc0_1 ls0_1 ws0_1\">A<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>r<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>dos<span class=\"__1 _8\"></span> for<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>ta<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 we6 h17d gseb\"><div class=\"t_1 m27 xe9 h172 ya40 ff4 fs37 fc0_1 sc0_1 ls52 ws0_1\">16<span class=\"__1 _dd\"> </span><span class=\"ls0_1\">9<span class=\"__1 _6\"></span>.61<span class=\"__1 _6\"></span>6<span class=\"__1 _6f\"> </span></span>753<span class=\"__1 _92\"> </span><span class=\"ls0_1\">(7<span class=\"__1 _6\"></span>36<span class=\"__1 _6\"></span>)<span class=\"__1 _4a\"> </span>9<span class=\"__1 _6\"></span>.63<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span></span></div></div><div class=\"c_1 wea h176 gsea\"><div class=\"t_1 m27 x38 h172 ya49 ff4 fs37 fc0_1 sc0_1 ls0_1 ws0_1\">Re<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>to (*)<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 we6 h17c gsec\"><div class=\"t_1 m27 xe9 h172 ya40 ff4 fs37 fc0_1 sc0_1 ls52 ws0_1\">16<span class=\"__1 _6f\"> </span><span class=\"ls0_1\">1<span class=\"__1 _6\"></span>1.6<span class=\"__1 _6\"></span>02<span class=\"__1 _61\"> </span>7.23<span class=\"__1 _6\"></span>0<span class=\"__1 _af\"> </span>(1<span class=\"__1 _6\"></span>.44<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>)<span class=\"__1 _53\"> </span>1<span class=\"__1 _6\"></span>7.3<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span></span></div></div><div class=\"c_1 we6 h17c gsed\"><div class=\"t_1 m27 x51 h178 ya4c ff3_1 fs37 fc0_1 sc0_1 ls0_1 ws0_1\">Coste<span class=\"__1 _12b\"> </span>2<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>9<span class=\"__1 _23\"> </span>30<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>9<span class=\"__1 _6\"></span>53<span class=\"__1 _af\"> </span>(9<span class=\"__1 _6\"></span>.04<span class=\"__1 _6\"></span>8)<span class=\"__1 _53\"> </span>4<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.91<span class=\"__1 _6\"></span>4<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 we6 h17d gsee\"><div class=\"t_1 m27 x9 h172 ya40 ff4 fs37 fc0_1 sc0_1 ls0_1 ws0_1\">A<span class=\"__1 _70\"></span>mor<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>za<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n -<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 we9 h17c gsef\"><div class=\"t_1 m27 x38 h172 ya4f ff4 fs37 fc0_1 sc0_1 ls0_1 ws0_1\">Te<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>enos<span class=\"__1 _6\"></span> b<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>of\u00e1<span class=\"__1 _8\"></span>br<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span> Pon<span class=\"__1 _6\"></span>te<span class=\"__1 _70\"></span>vedra<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 we6 h17c gsef\"><div class=\"t_1 m27 xe9 h172 ya40 ff4 fs37 fc0_1 sc0_1 ls52 ws0_1\">16<span class=\"__1 _139\"> </span><span class=\"ls0_1\">-<span class=\"__1 _14e\"> </span></span>384<span class=\"__1 _100\"> </span><span class=\"ls0_1\">-<span class=\"__1 _11\"> </span></span>384<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 wea h176 gsea\"><div class=\"t_1 m27 x38 h172 ya50 ff4 fs37 fc0_1 sc0_1 ls0_1 ws0_1\">A<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>r<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>dos<span class=\"__1 _8\"></span> for<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>ta<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 we6 h17c gsf0\"><div class=\"t_1 m27 xe9 h172 ya52 ff4 fs37 fc0_1 sc0_1 ls52 ws0_1\">16<span class=\"__1 _dd\"> </span><span class=\"ls0_1\">2<span class=\"__1 _6\"></span>.14<span class=\"__1 _6\"></span>5<span class=\"__1 _6f\"> </span></span>680<span class=\"__1 _92\"> </span><span class=\"ls0_1\">(4<span class=\"__1 _6\"></span>31<span class=\"__1 _6\"></span>)<span class=\"__1 _4a\"> </span>2<span class=\"__1 _6\"></span>.39<span class=\"__1 _6\"></span>4<span class=\"__1 _1bc\"> </span></span></div></div><div class=\"c_1 wea h176 gsea\"><div class=\"t_1 m27 x38 h172 ya53 ff4 fs37 fc0_1 sc0_1 ls0_1 ws0_1\">Re<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>to (*)<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 we6 h17c gsf1\"><div class=\"t_1 m27 xe9 h172 ya52 ff4 fs37 fc0_1 sc0_1 ls52 ws0_1\">16<span class=\"__1 _dd\"> </span><span class=\"ls0_1\">4<span class=\"__1 _6\"></span>.34<span class=\"__1 _6\"></span>4<span class=\"__1 _f\"> </span>2<span class=\"__1 _6\"></span>.97<span class=\"__1 _6\"></span>3<span class=\"__1 _11\"> </span>(91<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>)<span class=\"__1 _4a\"> </span>6<span class=\"__1 _6\"></span>.39<span class=\"__1 _6\"></span>9<span class=\"__1 _1bc\"> </span></span></div></div><div class=\"c_1 we6 h17d gsf2\"><div class=\"t_1 m27 xea h178 ya40 ff3_1 fs37 fc0_1 sc0_1 ls0_1 ws0_1\">Am<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>t<span class=\"__1 _6\"></span>iza<span class=\"__1 _70\"></span>ci<span class=\"__1 _5\"></span>\u00f3n<span class=\"__1 _14f\"> </span>6.48<span class=\"__1 _6\"></span>9<span class=\"__1 _f\"> </span>4<span class=\"__1 _6\"></span>.03<span class=\"__1 _6\"></span>7<span class=\"__1 _af\"> </span>(1.34<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>)<span class=\"__1 _4a\"> </span>9<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>17<span class=\"__1 _6\"></span>7<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 we6 h17c gsf3\"><div class=\"t_1 m27 x6c h178 ya40 ff3_1 fs37 fc0_1 sc0_1 ls0_1 ws0_1\">Det<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>ioros de<span class=\"__1 _6\"></span> va<span class=\"__1 _5\"></span>lor <span class=\"__1 _9e\"> </span><span class=\"ff4 ls52\">19<span class=\"__1 _dd\"> </span></span>3<span class=\"__1 _6\"></span>.79<span class=\"__1 _6\"></span>1<span class=\"__1 _100\"> </span>-<span class=\"__1 _99\"> </span>(3<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>7<span class=\"__1 _6\"></span>91<span class=\"__1 _6\"></span>)<span class=\"__1 _e\"> </span>-<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 we6 h17c gsf4\"><div class=\"t_1 m27 xeb h178 ya52 ff3_1 fs37 fc0_1 sc0_1 ls0_1 ws0_1\">T<span class=\"__1 _5\"></span>ot<span class=\"__1 _6\"></span>a<span class=\"__1 _5\"></span>l Ne<span class=\"__1 _6\"></span>t<span class=\"__1 _6\"></span>o</div><div class=\"t_1 m27 x79 h178 ya58 ff3_1 fs37 fc0_1 sc0_1 ls0_1 ws0_1\">  1<span class=\"__1 _6\"></span>4.72<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>   <span class=\"__1 _bb\"> </span>  37<span class=\"__1 _6\"></span>.73<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>   </div></div><div class=\"c_1 web h17e gsf5\"><div class=\"t_1 m27 xec h172 ya5a ff4 fs37 fc0_1 sc0_1 ls0_1 ws0_1\">Mi<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> e<span class=\"__1 _5\"></span>ur<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 wec h17f gsf6\"><div class=\"t_1 m27 x9 h172 ya5c ff4 fs37 fc0_1 sc0_1 ls0_1 ws0_1\">(*<span class=\"__1 _5\"></span>) I<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>uye pr<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>pa<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>me<span class=\"__1 _70\"></span>nte<span class=\"__1 _5\"></span> a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>enda<span class=\"__1 _8\"></span>m<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>ntos<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e ofi<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>n<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> y<span class=\"__1 _6\"></span> veh\u00edcul<span class=\"__1 _4\"></span>os<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span></div></div>17.3<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff8 fc3\">Importes reconocidos en e<span class=\"__1 _5\"></span>l Estado de Res<span class=\"__1 _5\"></span>ultado Consol<span class=\"__1 _5\"></span>idado<span class=\"__1 _1bc\"> </span></span></span>Se <span class=\"__1 _4\"></span>detalla <span class=\"__1 _4\"></span>a <span class=\"__1 _8\"></span>contin<span class=\"__1 _6\"></span>uaci\u00f3n <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>i<span class=\"__1 _5\"></span>mpacto <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>las <span class=\"__1 _4\"></span>cuentas <span class=\"__1 _4\"></span><span class=\"ff6\">\u201cAmortizaci\u00f3n\u201d <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>\u201cGastos <span class=\"__1 _4\"></span>Financieros\u201d <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span></span>Estado <span class=\"__1 _4\"></span>de<span class=\"__1 _1bc\"> </span>Resultado Consolidad<span class=\"__1 _6\"></span>o del ejerci<span class=\"__1 _5\"></span>cio 2023 y 2022<span class=\"__1 _5\"></span> por arrendamientos reconocidos bajo IFRS-16, as\u00ed como las<span class=\"__1 _1bc\"> </span>cuotas paga<span class=\"__1 _6\"></span>das en el ejercicio por dicho<span class=\"__1 _6\"></span>s contratos d<span class=\"__1 _6\"></span>e arrendamiento:<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>em<span class=\"__1 _70\"></span>br<span class=\"__1 _6\"></span>e de<span class=\"__1 _5\"></span> 20<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3<span class=\"__1 _155\"> </span>N<span class=\"__1 _5\"></span>ota<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _70\"></span>mor<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>za<span class=\"__1 _6\"></span>c<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _1bc\"> </span>Ga<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>o<span class=\"__1 _1bc\"> </span>Fi<span class=\"__1 _8\"></span>na<span class=\"__1 _8\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>Cuota<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>enda<span class=\"__1 _8\"></span>m<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>to<span class=\"__1 _1bc\"> </span>Ga<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>o po<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span> a<span class=\"__1 _6\"></span>mor<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>za<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3<span class=\"__1 _6\"></span>n de a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>por<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>ech<span class=\"__1 _6\"></span>o de us<span class=\"__1 _8\"></span>o s<span class=\"__1 _8\"></span>obr<span class=\"__1 _6\"></span>e a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vos<span class=\"__1 _8\"></span> -<span class=\"__1 _1bc\"> </span>Te<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>nos<span class=\"__1 _8\"></span> bi<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>f\u00e1<span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>Pon<span class=\"__1 _6\"></span>te<span class=\"__1 _70\"></span>vedra<span class=\"__1 _1bc\"> </span>13<span class=\"__1 _6\"></span> y<span class=\"__1 _6\"></span> 16<span class=\"__1 _e5\"> </span><span class=\"ls54\">391<span class=\"__1 _61\"> </span></span>1.53<span class=\"__1 _6\"></span>8<span class=\"__1 _61\"> </span>1<span class=\"__1 _6\"></span>.57<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span>Otr<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> te<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>nos<span class=\"__1 _1bc\"> </span>13<span class=\"__1 _6\"></span> y<span class=\"__1 _6\"></span> 16<span class=\"__1 _e5\"> </span><span class=\"ls54\">687<span class=\"__1 _6f\"> </span>325<span class=\"__1 _61\"> </span></span>1.10<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span>Otr<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _8\"></span>vos<span class=\"__1 _1bc\"> </span>13<span class=\"__1 _6\"></span> y<span class=\"__1 _6\"></span> 16<span class=\"__1 _d\"> </span>3<span class=\"__1 _6\"></span>.57<span class=\"__1 _6\"></span>5<span class=\"__1 _6f\"> </span><span class=\"ls54\">501<span class=\"__1 _61\"> </span></span>4.7<span class=\"__1 _6\"></span>05<span class=\"__1 _1bc\"> </span>4.65<span class=\"__1 _6\"></span>3<span class=\"__1 _61\"> </span>2<span class=\"__1 _6\"></span>.364<span class=\"__1 _61\"> </span>7<span class=\"__1 _6\"></span>.38<span class=\"__1 _6\"></span>1<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>Euros<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _4\"></span>importe <span class=\"__1 _4\"></span>reconocido <span class=\"__1 _4\"></span>como <span class=\"__1 _4\"></span>gasto <span class=\"__1 _4\"></span>correspondiente <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>arrendamientos <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>corto <span class=\"__1 _4\"></span>plazo <span class=\"__1 _8\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>p<span class=\"__1 _5\"></span>agos <span class=\"__1 _4\"></span>variables <span class=\"__1 _4\"></span>no<span class=\"__1 _1bc\"> </span>incluidos <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>valoraci\u00f3n <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>pas<span class=\"__1 _6\"></span>ivo <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>ejercicios <span class=\"__1 _4\"></span>2023 <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>2022 <span class=\"__1 _4\"></span>ha <span class=\"__1 _4\"></span>sido <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>942 <span class=\"__1 _4\"></span>miles <span class=\"__1 _4\"></span>\u20ac <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>774 <span class=\"__1 _4\"></span>m<span class=\"__1 _5\"></span>iles <span class=\"__1 _4\"></span>\u20ac,<span class=\"__1 _1bc\"> </span>respectivamente (v\u00e9as<span class=\"__1 _6\"></span>e Nota 12.1).<span class=\"__1 _1bc\"> </span>Considerando  los <span class=\"__1 _c6\"> </span>con<span class=\"__1 _6\"></span>tratos <span class=\"__1 _ca\"> </span>vigentes  al <span class=\"__1 _ca\"> </span>31 <span class=\"__1 _c6\"> </span>de  diciembre  de <span class=\"__1 _c6\"> </span>2023,  el <span class=\"__1 _c6\"> </span>gasto  por <span class=\"__1 _c6\"> </span>amo<span class=\"__1 _6\"></span>rtizaci\u00f3n  y <span class=\"__1 _c6\"> </span>el  gasto<span class=\"__1 _1bc\"> </span>financiero medio en los<span class=\"__1 _6\"></span> pr\u00f3ximos 5 <span class=\"__1 _6\"></span>a\u00f1os, v<span class=\"__1 _6\"></span>inculados a los activos<span class=\"__1 _6\"></span> por derechos d<span class=\"__1 _6\"></span>e uso ser\u00e1 de 3,9 millon<span class=\"__1 _6\"></span>es \u20ac<span class=\"__1 _1bc\"> </span>y 2,5 millones \u20ac, respectivame<span class=\"__1 _6\"></span>nte (2,2 millones \u20ac <span class=\"__1 _6\"></span>y 0,4 millones \u20ac <span class=\"__1 _6\"></span>al 31 de diciembr<span class=\"__1 _6\"></span><span class=\"ff4\">e de 2<span class=\"__1 _6\"></span>022). </span>31<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>em<span class=\"__1 _70\"></span>br<span class=\"__1 _6\"></span>e de<span class=\"__1 _5\"></span> 20<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>2<span class=\"__1 _155\"> </span>N<span class=\"__1 _5\"></span>ota<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _70\"></span>mor<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>za<span class=\"__1 _6\"></span>c<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _1bc\"> </span>Ga<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>o<span class=\"__1 _1bc\"> </span>Fi<span class=\"__1 _8\"></span>na<span class=\"__1 _8\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>Cuota<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>enda<span class=\"__1 _8\"></span>m<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>to<span class=\"__1 _1bc\"> </span>Ga<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>o po<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span> a<span class=\"__1 _6\"></span>mor<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>za<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3<span class=\"__1 _6\"></span>n de a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>por<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>ech<span class=\"__1 _6\"></span>o de us<span class=\"__1 _8\"></span>o s<span class=\"__1 _8\"></span>obr<span class=\"__1 _6\"></span>e a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vos<span class=\"__1 _8\"></span> -<span class=\"__1 _1bc\"> </span>Te<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>nos<span class=\"__1 _8\"></span> bi<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>f\u00e1<span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>Pon<span class=\"__1 _6\"></span>te<span class=\"__1 _70\"></span>vedra<span class=\"__1 _1bc\"> </span>13<span class=\"__1 _6\"></span> y<span class=\"__1 _6\"></span> 16<span class=\"__1 _e5\"> </span><span class=\"ls54\">384<span class=\"__1 _61\"> </span></span>1.54<span class=\"__1 _6\"></span>0<span class=\"__1 _61\"> </span>1<span class=\"__1 _6\"></span>.57<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span>Otr<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> te<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>nos<span class=\"__1 _1bc\"> </span>13<span class=\"__1 _6\"></span> y<span class=\"__1 _6\"></span> 16<span class=\"__1 _e5\"> </span><span class=\"ls54\">680<span class=\"__1 _6f\"> </span>256<span class=\"__1 _6f\"> </span>913<span class=\"__1 _1bc\"> </span></span>Otr<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _8\"></span>vos<span class=\"__1 _1bc\"> </span>13<span class=\"__1 _6\"></span> y<span class=\"__1 _6\"></span> 16<span class=\"__1 _d\"> </span>2<span class=\"__1 _6\"></span>.97<span class=\"__1 _6\"></span>3<span class=\"__1 _6f\"> </span><span class=\"ls54\">182<span class=\"__1 _61\"> </span></span>3.4<span class=\"__1 _6\"></span>08<span class=\"__1 _1bc\"> </span>4.03<span class=\"__1 _6\"></span>7<span class=\"__1 _61\"> </span>1<span class=\"__1 _6\"></span>.978<span class=\"__1 _61\"> </span>5<span class=\"__1 _6\"></span>.89<span class=\"__1 _6\"></span>1<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>Euros",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDepreciationAndAmortisationExpenseExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-543": {
   "value": "15.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Fondo de comercio y otros activos intangibles<span class=\"__1 _1bc\"> </span></span></span>El <span class=\"__1 _6\"></span>movimiento <span class=\"__1 _8\"></span>habido <span class=\"__1 _6\"></span>durante <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>ejercicios <span class=\"__1 _6\"></span>2023 <span class=\"__1 _8\"></span>y <span class=\"__1 _6\"></span>2022 <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>fondo <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>comercio <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>diferente<span class=\"__1 _1bc\"> </span>s <span class=\"__1 _8\"></span>cuent<span class=\"__1 _1bc\"> </span>de activos inta<span class=\"__1 _6\"></span>ngibles y de sus correspo<span class=\"__1 _6\"></span>ndientes amortizaciones<span class=\"__1 _6\"></span> y deterioros ha <span class=\"__1 _6\"></span>sido el siguiente:<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span> de di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>mbre de<span class=\"__1 _70\"></span> 2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>do <span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span>01<span class=\"__1 _6\"></span>/0<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>/20<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _5\"></span>di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> o<span class=\"__1 _1bc\"> </span>dota<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>ti<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> o<span class=\"__1 _1bc\"> </span>reduc<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _1bc\"> </span>Tra<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>pa<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>do <span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/20<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>Fondo<span class=\"__1 _6\"></span> de come<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span> <span class=\"__1 _98\"> </span><span class=\"ls4f\">              2<span class=\"__1 _6\"></span>.737<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -                  2.73<span class=\"__1 _6\"></span>7<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>pl<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ca<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>nfor<span class=\"__1 _6\"></span>m\u00e1<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _ec\"> </span><span class=\"ls4f\">            34.76<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                 14<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span> <span class=\"__1 _119\"> </span>                     -                  2.69<span class=\"__1 _6\"></span>3 <span class=\"__1 _c9\"> </span>            37<span class=\"__1 _6\"></span>.60<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span></span>Ga<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>tos<span class=\"__1 _8\"></span> de de<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>rr<span class=\"__1 _6\"></span>ol<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>o<span class=\"__1 _118\"> </span><span class=\"ls4f\">            1<span class=\"__1 _6\"></span>8.45<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _c9\"> </span>                     -   <span class=\"__1 _c8\"> </span>            18<span class=\"__1 _6\"></span>.452<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>nti<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>pos<span class=\"__1 _148\"> </span><span class=\"ls4f\">              1.75<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              5.78<span class=\"__1 _6\"></span>7 <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _c8\"> </span>            (3.09<span class=\"__1 _6\"></span>7)<span class=\"__1 _d1\"> </span>              4.44<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span></span>De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>hos<span class=\"__1 _8\"></span> de ge<span class=\"__1 _70\"></span>nera<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _6\"></span> de e<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>g\u00eda<span class=\"__1 _1bc\"> </span>e<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>\u00e9<span class=\"__1 _5\"></span>ctr<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ca            21<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>2 <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _4\"> </span>            2<span class=\"__1 _6\"></span>1.00<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>hos<span class=\"__1 _8\"></span> de ri<span class=\"__1 _8\"></span>eg<span class=\"__1 _5\"></span>o<span class=\"__1 _149\"> </span><span class=\"ls4f\">              4.57<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _c9\"> </span>                     -   <span class=\"__1 _c6\"> </span>                 2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>9 <span class=\"__1 _cf\"> </span>              4<span class=\"__1 _6\"></span>.787<span class=\"__1 _1bc\"> </span></span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vo<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>n<span class=\"__1 _6\"></span>tan<span class=\"__1 _6\"></span>gi<span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span> <span class=\"__1 _9c\"> </span><span class=\"ls4f\">              6<span class=\"__1 _6\"></span>.18<span class=\"__1 _6\"></span>5 <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -                  6.18<span class=\"__1 _6\"></span>5<span class=\"__1 _1bc\"> </span></span>T<span class=\"__1 _5\"></span>ot<span class=\"__1 _6\"></span>al<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>c<span class=\"__1 _5\"></span>oste<span class=\"__1 _e\"> </span><span class=\"ls4f\">            8<span class=\"__1 _6\"></span>9.479<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              5<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>93<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _8\"></span>                (19<span class=\"__1 _6\"></span>5)<span class=\"__1 _cd\"> </span>            9<span class=\"__1 _6\"></span>5.21<span class=\"__1 _6\"></span>4<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>pl<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ca<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>nfor<span class=\"__1 _6\"></span>m\u00e1<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _d\"> </span><span class=\"ls4f\">          (26<span class=\"__1 _6\"></span>.98<span class=\"__1 _6\"></span>6)<span class=\"__1 _cf\"> </span>            (2<span class=\"__1 _6\"></span>.670<span class=\"__1 _6\"></span>)<span class=\"__1 _2a\"> </span>                     -   <span class=\"__1 _c9\"> </span>                     -   <span class=\"__1 _8\"></span>          (2<span class=\"__1 _6\"></span>9.65<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>Ga<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>tos<span class=\"__1 _8\"></span> de de<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>rr<span class=\"__1 _6\"></span>ol<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>o<span class=\"__1 _11c\"> </span><span class=\"ls4f\">          (13<span class=\"__1 _6\"></span>.867<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>                (48<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)<span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _c9\"> </span>                     -   <span class=\"__1 _8\"></span>          (1<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>.347<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>hos<span class=\"__1 _8\"></span> de ge<span class=\"__1 _70\"></span>nera<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _6\"></span> de e<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>g\u00eda<span class=\"__1 _1bc\"> </span>e<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>\u00e9<span class=\"__1 _5\"></span>ctr<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ca            (2.32<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>                (84<span class=\"__1 _6\"></span>3)<span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _4\"> </span>            (3<span class=\"__1 _6\"></span>.170<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>hos<span class=\"__1 _8\"></span> de ri<span class=\"__1 _8\"></span>eg<span class=\"__1 _5\"></span>o<span class=\"__1 _84\"> </span><span class=\"ls4f\">                (24<span class=\"__1 _6\"></span>6)<span class=\"__1 _c9\"> </span>                (22<span class=\"__1 _6\"></span>9)<span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _8\"></span>                (4<span class=\"__1 _6\"></span>75<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vo<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>n<span class=\"__1 _6\"></span>tan<span class=\"__1 _6\"></span>gi<span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _85\"> </span><span class=\"ls4f\">            (1<span class=\"__1 _6\"></span>.809<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>                (1<span class=\"__1 _6\"></span>41<span class=\"__1 _6\"></span>)<span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _4\"> </span>            (1.95<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>T<span class=\"__1 _5\"></span>ot<span class=\"__1 _6\"></span>al<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>a<span class=\"__1 _5\"></span>m<span class=\"__1 _6\"></span>ort<span class=\"__1 _6\"></span>iza<span class=\"__1 _5\"></span>ci<span class=\"__1 _5\"></span>ones <span class=\"__1 _4a\"> </span><span class=\"ls4f\">          (45<span class=\"__1 _6\"></span>.235<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (4.363<span class=\"__1 _6\"></span>)<span class=\"__1 _d0\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _8\"></span>          (49<span class=\"__1 _6\"></span>.598<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>Det<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>ioros de <span class=\"__1 _6\"></span>va<span class=\"__1 _70\"></span>lor<span class=\"__1 _6\"></span> (Not<span class=\"__1 _6\"></span>a 19<span class=\"__1 _6\"></span>)<span class=\"__1 _83\"> </span><span class=\"ls4f\">            (6<span class=\"__1 _6\"></span>.337<span class=\"__1 _6\"></span>)<span class=\"__1 _d0\"> </span>                     -   <span class=\"__1 _4\"> </span>                    1<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>                  (25<span class=\"__1 _6\"></span>)<span class=\"__1 _ce\"> </span>            (6<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>34<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>T<span class=\"__1 _5\"></span>ot<span class=\"__1 _6\"></span>al<span class=\"__1 _151\"> </span><span class=\"ls4f\">            37<span class=\"__1 _6\"></span>.906<span class=\"__1 _6\"></span> <span class=\"__1 _152\"> </span>            39<span class=\"__1 _6\"></span>.266<span class=\"__1 _1bc\"> </span></span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de e<span class=\"__1 _5\"></span>ur<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>15.2<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff8 fc3\">Fondo de comercio<span class=\"__1 _1bc\"> </span></span></span>El<span class=\"ls0_1\"> fond<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>de comercio <span class=\"__1 _6\"></span>tiene <span class=\"__1 _6\"></span>su<span class=\"__1 _6\"></span> o<span class=\"__1 _6\"></span>rigen en <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>ad<span class=\"__1 _6\"></span>quisici\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>participaci\u00f3n <span class=\"__1 _6\"></span>qu<span class=\"__1 _6\"></span>e E<span class=\"__1 _6\"></span>NCE os<span class=\"__1 _6\"></span>tenta en <span class=\"__1 _6\"></span>E<span class=\"__1 _6\"></span>nerg\u00eda d<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span></span>la <span class=\"__1 _5\"></span>Loma, <span class=\"__1 _5\"></span>S.A. <span class=\"__1 _5\"></span>y <span class=\"__1 _5\"></span>Energ\u00edas de <span class=\"__1 _70\"></span>la Mancha <span class=\"__1 _70\"></span>E<span class=\"__1 _6\"></span>NEMAN, S.A., <span class=\"__1 _70\"></span>sociedades titulares <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>instalaciones de <span class=\"__1 _70\"></span>generaci\u00f3n<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _8\"></span>energ\u00eda <span class=\"__1 _8\"></span>con <span class=\"__1 _8\"></span>biomasa <span class=\"__1 _8\"></span>u<span class=\"__1 _6\"></span>bicadas <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>J<span class=\"__1 _6\"></span>a\u00e9n <span class=\"__1 _6\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>Ciu<span class=\"__1 _6\"></span>dad <span class=\"__1 _8\"></span>Real <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>con <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>otencia <span class=\"__1 _8\"></span>instalada <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>16 <span class=\"__1 _8\"></span>MW <span class=\"__1 _8\"></span>cad<span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>una <span class=\"__1 _8\"></span>de<span class=\"__1 _1bc\"> </span>ellas<span class=\"ls17\">. </span>Al 31 de diciembre de <span class=\"__1 _6\"></span>2023 y 2022 <span class=\"__1 _6\"></span>se encuentra<span class=\"__1 _6\"></span> \u00edntegramente det<span class=\"__1 _6\"></span>eriorado (v\u00e9ase Nota<span class=\"__1 _6\"></span> 1<span class=\"__1 _6\"></span>9).<span class=\"__1 _1bc\"> </span>16.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Propiedad, planta y equipo<span class=\"__1 _1bc\"> </span></span></span>El  movimiento <span class=\"__1 _150\"> </span>hab<span class=\"__1 _6\"></span>ido  en  la<span class=\"__1 _6\"></span>s  diferentes  cu<span class=\"__1 _6\"></span>entas  de  es<span class=\"__1 _6\"></span>te  ep\u00edgrafe  d<span class=\"__1 _6\"></span>el <span class=\"__1 _cb\"> </span>Estado <span class=\"__1 _150\"> </span>de  Sit<span class=\"__1 _6\"></span>uaci\u00f3n  Fina<span class=\"__1 _6\"></span>nciera<span class=\"__1 _1bc\"> </span>consolidado <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>de su<span class=\"__1 _6\"></span>s corresp<span class=\"__1 _6\"></span>ondientes amortizacion<span class=\"__1 _6\"></span>es acu<span class=\"__1 _6\"></span>muladas <span class=\"__1 _6\"></span>en los<span class=\"__1 _6\"></span> ejercicios<span class=\"__1 _6\"></span> 2023 <span class=\"__1 _6\"></span>y 2022<span class=\"__1 _6\"></span> ha <span class=\"__1 _6\"></span>sido <span class=\"__1 _6\"></span>el<span class=\"__1 _1bc\"> </span>siguiente:<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span> de di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>mbre de<span class=\"__1 _70\"></span> 2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>do <span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span>01<span class=\"__1 _6\"></span>/0<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>/20<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _5\"></span>di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> o<span class=\"__1 _1bc\"> </span>dota<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>ti<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> o<span class=\"__1 _1bc\"> </span>reduc<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _1bc\"> </span>Tra<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>pa<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>do <span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/20<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>Fondo<span class=\"__1 _6\"></span> de come<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span> <span class=\"__1 _98\"> </span><span class=\"ls4f\">              2<span class=\"__1 _6\"></span>.737<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -                  2.73<span class=\"__1 _6\"></span>7<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>pl<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ca<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>nfor<span class=\"__1 _6\"></span>m\u00e1<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _ec\"> </span><span class=\"ls4f\">            31.30<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>                    4<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>                  (29<span class=\"__1 _6\"></span>)<span class=\"__1 _cc\"> </span>              3<span class=\"__1 _6\"></span>.44<span class=\"__1 _6\"></span>0 <span class=\"__1 _c9\"> </span>            34<span class=\"__1 _6\"></span>.767<span class=\"__1 _1bc\"> </span></span>Ga<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>tos<span class=\"__1 _8\"></span> de de<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>rr<span class=\"__1 _6\"></span>ol<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>o<span class=\"__1 _118\"> </span><span class=\"ls4f\">            1<span class=\"__1 _6\"></span>8.45<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _c9\"> </span>                     -   <span class=\"__1 _c8\"> </span>            18<span class=\"__1 _6\"></span>.452<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>nti<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>pos<span class=\"__1 _148\"> </span><span class=\"ls4f\">              2.24<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              2.97<span class=\"__1 _6\"></span>0 <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _c8\"> </span>            (3.46<span class=\"__1 _6\"></span>0)<span class=\"__1 _d1\"> </span>              1.75<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span></span>De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>hos<span class=\"__1 _8\"></span> de ge<span class=\"__1 _70\"></span>nera<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _6\"></span> de e<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>g\u00eda<span class=\"__1 _1bc\"> </span>e<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>\u00e9<span class=\"__1 _5\"></span>ctr<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ca            21<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>2 <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _4\"> </span>            2<span class=\"__1 _6\"></span>1.00<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>hos<span class=\"__1 _8\"></span> de ri<span class=\"__1 _8\"></span>eg<span class=\"__1 _5\"></span>o<span class=\"__1 _149\"> </span><span class=\"ls4f\">              4.55<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _c9\"> </span>                     -   <span class=\"__1 _c8\"> </span>                    20<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              4.57<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span></span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vo<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>n<span class=\"__1 _6\"></span>tan<span class=\"__1 _6\"></span>gi<span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span> <span class=\"__1 _9c\"> </span><span class=\"ls4f\">              6<span class=\"__1 _6\"></span>.16<span class=\"__1 _6\"></span>1 <span class=\"__1 _c9\"> </span>                    24<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -                  6.18<span class=\"__1 _6\"></span>5<span class=\"__1 _1bc\"> </span></span>T<span class=\"__1 _5\"></span>ot<span class=\"__1 _6\"></span>al<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>c<span class=\"__1 _5\"></span>oste<span class=\"__1 _e\"> </span><span class=\"ls4f\">            8<span class=\"__1 _6\"></span>6.467<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              3<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>04<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>                  (29<span class=\"__1 _6\"></span>)<span class=\"__1 _d0\"> </span>                     -   <span class=\"__1 _4\"> </span>            8<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>47<span class=\"__1 _6\"></span>9<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>pl<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ca<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>nfor<span class=\"__1 _6\"></span>m\u00e1<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _d\"> </span><span class=\"ls4f\">          (24<span class=\"__1 _6\"></span>.74<span class=\"__1 _6\"></span>6)<span class=\"__1 _cf\"> </span>            (2<span class=\"__1 _6\"></span>.194<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>                    29<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>                  (75<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (2<span class=\"__1 _6\"></span>6.98<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>Ga<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>tos<span class=\"__1 _8\"></span> de de<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>rr<span class=\"__1 _6\"></span>ol<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>o<span class=\"__1 _11c\"> </span><span class=\"ls4f\">          (13<span class=\"__1 _6\"></span>.383<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>                (48<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>)<span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _c9\"> </span>                     -   <span class=\"__1 _8\"></span>          (1<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.867<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>hos<span class=\"__1 _8\"></span> de ge<span class=\"__1 _70\"></span>nera<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _6\"></span> de e<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>g\u00eda<span class=\"__1 _1bc\"> </span>e<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>\u00e9<span class=\"__1 _5\"></span>ctr<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ca            (1.48<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>                (84<span class=\"__1 _6\"></span>3)<span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _4\"> </span>            (2<span class=\"__1 _6\"></span>.327<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>hos<span class=\"__1 _8\"></span> de ri<span class=\"__1 _8\"></span>eg<span class=\"__1 _5\"></span>o<span class=\"__1 _84\"> </span><span class=\"ls4f\">                  (18<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>                (22<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>)<span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _c9\"> </span>                     -   <span class=\"__1 _8\"></span>                (2<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>6)<span class=\"__1 _1bc\"> </span></span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vo<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>n<span class=\"__1 _6\"></span>tan<span class=\"__1 _6\"></span>gi<span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _85\"> </span><span class=\"ls4f\">            (1<span class=\"__1 _6\"></span>.584<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>                (2<span class=\"__1 _6\"></span>16<span class=\"__1 _6\"></span>)<span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _4\"> </span>                    (9<span class=\"__1 _6\"></span>)<span class=\"__1 _ce\"> </span>            (1<span class=\"__1 _6\"></span>.80<span class=\"__1 _6\"></span>9)<span class=\"__1 _1bc\"> </span></span>T<span class=\"__1 _5\"></span>ot<span class=\"__1 _6\"></span>al<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>a<span class=\"__1 _5\"></span>m<span class=\"__1 _6\"></span>ort<span class=\"__1 _6\"></span>iza<span class=\"__1 _5\"></span>ci<span class=\"__1 _5\"></span>ones <span class=\"__1 _4a\"> </span><span class=\"ls4f\">          (41<span class=\"__1 _6\"></span>.215<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (3.965<span class=\"__1 _6\"></span>)<span class=\"__1 _ce\"> </span>                    2<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>                  (84<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (45.23<span class=\"__1 _6\"></span>5)<span class=\"__1 _1bc\"> </span></span>Det<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>ioros de <span class=\"__1 _6\"></span>va<span class=\"__1 _70\"></span>lor<span class=\"__1 _6\"></span> (Not<span class=\"__1 _6\"></span>a 19<span class=\"__1 _6\"></span>)<span class=\"__1 _83\"> </span><span class=\"ls4f\">            (7<span class=\"__1 _6\"></span>.314<span class=\"__1 _6\"></span>)<span class=\"__1 _ce\"> </span>            (1<span class=\"__1 _6\"></span>.493<span class=\"__1 _6\"></span>)<span class=\"__1 _cc\"> </span>              2<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>38<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>                    8<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>            (6.33<span class=\"__1 _6\"></span>7)<span class=\"__1 _1bc\"> </span></span>T<span class=\"__1 _5\"></span>ot<span class=\"__1 _6\"></span>al<span class=\"__1 _151\"> </span><span class=\"ls4f\">            37<span class=\"__1 _6\"></span>.938<span class=\"__1 _6\"></span> <span class=\"__1 _152\"> </span>            37<span class=\"__1 _6\"></span>.906<span class=\"__1 _1bc\"> </span></span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de e<span class=\"__1 _5\"></span>ur<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>Los activos<span class=\"__1 _6\"></span> productivos del Grupo s<span class=\"__1 _6\"></span>e ubican \u00edntegramente e<span class=\"__1 _6\"></span>n Espa\u00f1a.<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span> de di<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>em<span class=\"__1 _70\"></span>b<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> de 20<span class=\"__1 _6\"></span>23<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>do a<span class=\"__1 _8\"></span>l<span class=\"__1 _1bc\"> </span>01<span class=\"__1 _6\"></span>/0<span class=\"__1 _6\"></span>1/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _5\"></span>di<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>es o<span class=\"__1 _1bc\"> </span>Dota<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>ti<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> o<span class=\"__1 _1bc\"> </span>reduc<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>onesTra<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>pa<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>os<span class=\"__1 _1bc\"> </span>Di<span class=\"__1 _6\"></span>ferenc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span>co<span class=\"__1 _6\"></span>nvers<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>\u00f3<span class=\"__1 _6\"></span>n<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>do a<span class=\"__1 _8\"></span>l<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>Te<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>enos<span class=\"__1 _6\"></span> for<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s  83<span class=\"__1 _6\"></span>.79<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>   <span class=\"__1 _12f\"> </span>  4<span class=\"__1 _6\"></span>.06<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>   <span class=\"__1 _51\"> </span><span class=\"ls50\">                    -   <span class=\"__1 _5c\"> </span>                    -   <span class=\"__1 _51\"> </span>                    -   <span class=\"__1 _153\"> </span></span>  87<span class=\"__1 _6\"></span>.85<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>  Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> terrenos  15<span class=\"__1 _6\"></span>.26<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>   <span class=\"__1 _12f\"> </span>  1<span class=\"__1 _6\"></span>.36<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>   <span class=\"__1 _51\"> </span><span class=\"ls50\">                    -   <span class=\"__1 _af\"> </span></span>  7<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>   <span class=\"__1 _58\"> </span><span class=\"ls50\">                 (5<span class=\"__1 _6\"></span>)   <span class=\"__1 _153\"> </span></span>  1<span class=\"__1 _6\"></span>6.70<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>  Cons<span class=\"__1 _8\"></span>truc<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones  16<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.82<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>   <span class=\"__1 _97\"> </span>  4<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>5   <span class=\"__1 _5c\"> </span><span class=\"ls50\">                    -   <span class=\"__1 _12f\"> </span></span>  4<span class=\"__1 _6\"></span>.99<span class=\"__1 _6\"></span>8   <span class=\"__1 _5c\"> </span><span class=\"ls50\">                    -   <span class=\"__1 _113\"> </span></span>  1<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>6.2<span class=\"__1 _6\"></span>50<span class=\"__1 _6\"></span>  I<span class=\"__1 _6\"></span>ns<span class=\"__1 _8\"></span>tal<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> t\u00e9<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>ni<span class=\"__1 _8\"></span>ca<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> y<span class=\"__1 _6\"></span> maqu<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a  1.8<span class=\"__1 _6\"></span>35<span class=\"__1 _6\"></span>.75<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>   <span class=\"__1 _12f\"> </span>  3<span class=\"__1 _6\"></span>.17<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>   <span class=\"__1 _58\"> </span><span class=\"ls50\">         (1<span class=\"__1 _6\"></span>.55<span class=\"__1 _6\"></span>5)   <span class=\"__1 _153\"> </span></span>  4<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.09<span class=\"__1 _6\"></span>4   <span class=\"__1 _b5\"> </span><span class=\"ls50\">                 (3<span class=\"__1 _6\"></span>)   <span class=\"__1 _145\"> </span></span>  1<span class=\"__1 _6\"></span>.87<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.46<span class=\"__1 _6\"></span>1  Otro<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>nmovi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>za<span class=\"__1 _6\"></span>do  56<span class=\"__1 _6\"></span>.70<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>   <span class=\"__1 _af\"> </span>  9<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>   <span class=\"__1 _51\"> </span><span class=\"ls50\">                    -   <span class=\"__1 _12f\"> </span></span>  2<span class=\"__1 _6\"></span>.80<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>   <span class=\"__1 _51\"> </span><span class=\"ls50\">                    -   <span class=\"__1 _153\"> </span></span>  5<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>.599<span class=\"__1 _6\"></span>  A<span class=\"__1 _5\"></span>nti<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>pos<span class=\"__1 _8\"></span> e i<span class=\"__1 _6\"></span>nmovi<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>za<span class=\"__1 _6\"></span>do<span class=\"__1 _6\"></span> e<span class=\"__1 _5\"></span>n c<span class=\"__1 _6\"></span>ur<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>o  25<span class=\"__1 _6\"></span>.16<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>   <span class=\"__1 _153\"> </span>  6<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.69<span class=\"__1 _6\"></span>5  <span class=\"__1 _6\"></span> <span class=\"__1 _58\"> </span><span class=\"ls50\">         (1<span class=\"__1 _6\"></span>.871<span class=\"__1 _6\"></span>)   <span class=\"__1 _51\"> </span>      (4<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.351<span class=\"__1 _6\"></span>)   <span class=\"__1 _51\"> </span>                    -   <span class=\"__1 _153\"> </span></span>  4<span class=\"__1 _6\"></span>3.6<span class=\"__1 _6\"></span>42<span class=\"__1 _6\"></span>  De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>ho de us<span class=\"__1 _8\"></span>o (Not<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span> 1<span class=\"__1 _6\"></span>7)  47<span class=\"__1 _6\"></span>.34<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>   <span class=\"__1 _12f\"> </span>  9<span class=\"__1 _6\"></span>.84<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>   <span class=\"__1 _58\"> </span><span class=\"ls50\">         (2<span class=\"__1 _6\"></span>.82<span class=\"__1 _6\"></span>9)   <span class=\"__1 _55\"> </span>            (4<span class=\"__1 _6\"></span>31<span class=\"__1 _6\"></span>)   <span class=\"__1 _51\"> </span>                    -   <span class=\"__1 _153\"> </span></span>  5<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.92<span class=\"__1 _6\"></span>8 <span class=\"__1 _6\"></span> Total<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>cos<span class=\"__1 _70\"></span>t<span class=\"__1 _6\"></span>e  2.22<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>.851<span class=\"__1 _6\"></span>   <span class=\"__1 _153\"> </span>  8<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.658<span class=\"__1 _6\"></span>   <span class=\"__1 _b5\"> </span><span class=\"ls50\">         (6.255<span class=\"__1 _6\"></span>)   <span class=\"__1 _97\"> </span></span>  1<span class=\"__1 _6\"></span>95<span class=\"__1 _6\"></span>   <span class=\"__1 _b5\"> </span><span class=\"ls50\">                 (8)   <span class=\"__1 _145\"> </span></span>  2<span class=\"__1 _6\"></span>.30<span class=\"__1 _6\"></span>6.44<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>  Cons<span class=\"__1 _8\"></span>truc<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones      (73<span class=\"__1 _6\"></span>.370<span class=\"__1 _6\"></span>)   <span class=\"__1 _58\"> </span>         (5<span class=\"__1 _6\"></span>.44<span class=\"__1 _6\"></span>8)   <span class=\"__1 _5c\"> </span>                    -   <span class=\"__1 _51\"> </span>                    -   <span class=\"__1 _51\"> </span>                    -   <span class=\"__1 _51\"> </span>      (7<span class=\"__1 _6\"></span>8.81<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>)  I<span class=\"__1 _6\"></span>ns<span class=\"__1 _8\"></span>tal<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> t\u00e9<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>ni<span class=\"__1 _8\"></span>ca<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> y<span class=\"__1 _6\"></span> maqu<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a (1.0<span class=\"__1 _6\"></span>81<span class=\"__1 _6\"></span>.06<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>)   <span class=\"__1 _5c\"> </span><span class=\"ls50\">      (76<span class=\"__1 _6\"></span>.562<span class=\"__1 _6\"></span>)   <span class=\"__1 _af\"> </span></span>  4<span class=\"__1 _6\"></span>4 <span class=\"__1 _6\"></span>  <span class=\"__1 _d7\"> </span>  6   <span class=\"__1 _d7\"> </span>  3<span class=\"__1 _6\"></span>   <span class=\"__1 _58\"> </span> (1<span class=\"__1 _6\"></span>.15<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.57<span class=\"__1 _6\"></span>3) <span class=\"__1 _6\"></span> Otro<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>nmovi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>za<span class=\"__1 _6\"></span>do      (34<span class=\"__1 _6\"></span>.248<span class=\"__1 _6\"></span>)   <span class=\"__1 _58\"> </span>         (2<span class=\"__1 _6\"></span>.74<span class=\"__1 _6\"></span>9)   <span class=\"__1 _5c\"> </span>                    -   <span class=\"__1 _51\"> </span>                    -   <span class=\"__1 _51\"> </span>                    -   <span class=\"__1 _51\"> </span>      (3<span class=\"__1 _6\"></span>6.99<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>)  De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>ho de us<span class=\"__1 _8\"></span>o (Not<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span> 1<span class=\"__1 _6\"></span>7)         (9.17<span class=\"__1 _6\"></span>7)   <span class=\"__1 _b5\"> </span>         (4.65<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>)   <span class=\"__1 _12f\"> </span><span class=\"ls0_1\">  2.1<span class=\"__1 _6\"></span>93<span class=\"__1 _6\"></span>   <span class=\"__1 _5c\"> </span></span>                    -   <span class=\"__1 _51\"> </span>                    -   <span class=\"__1 _51\"> </span>      (1<span class=\"__1 _6\"></span>1.63<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>)  Total<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>amort<span class=\"__1 _6\"></span>iza<span class=\"__1 _5\"></span>ci<span class=\"__1 _70\"></span>one<span class=\"__1 _6\"></span>s (1.19<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>85<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>)   <span class=\"__1 _5c\"> </span>      (8<span class=\"__1 _6\"></span>9.41<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>)   <span class=\"__1 _12f\"> </span>  2<span class=\"__1 _6\"></span>.237<span class=\"__1 _6\"></span>   <span class=\"__1 _d7\"> </span>  6<span class=\"__1 _6\"></span>   <span class=\"__1 _d7\"> </span>  3<span class=\"__1 _6\"></span>   <span class=\"__1 _58\"> </span> (1<span class=\"__1 _6\"></span>.285<span class=\"__1 _6\"></span>.025<span class=\"__1 _6\"></span>)  Det<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>rior<span class=\"__1 _6\"></span>os de valor (Not<span class=\"__1 _6\"></span>a 19<span class=\"__1 _6\"></span>)      (4<span class=\"__1 _6\"></span>3.11<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>)   <span class=\"__1 _58\"> </span><span class=\"ls50\">         (2<span class=\"__1 _6\"></span>.853<span class=\"__1 _6\"></span>)   <span class=\"__1 _153\"> </span></span>  13<span class=\"__1 _6\"></span>.527<span class=\"__1 _6\"></span>   <span class=\"__1 _af\"> </span>  2<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>   <span class=\"__1 _51\"> </span><span class=\"ls50\">                    -   <span class=\"__1 _5c\"> </span></span>      (3<span class=\"__1 _6\"></span>2.41<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>)  Total<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>Ne<span class=\"__1 _6\"></span>t<span class=\"__1 _6\"></span>o  98<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.876<span class=\"__1 _6\"></span>   <span class=\"__1 _14a\"> </span>  98<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.999<span class=\"__1 _6\"></span>  Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de e<span class=\"__1 _70\"></span>u<span class=\"__1 _6\"></span>ro<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span> de di<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>em<span class=\"__1 _70\"></span>b<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> de 20<span class=\"__1 _6\"></span>22<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>do a<span class=\"__1 _8\"></span>l<span class=\"__1 _1bc\"> </span>01<span class=\"__1 _6\"></span>/0<span class=\"__1 _6\"></span>1/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _5\"></span>di<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>es o<span class=\"__1 _1bc\"> </span>Dota<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>ti<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> o<span class=\"__1 _1bc\"> </span>reduc<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>onesTra<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>pa<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>os<span class=\"__1 _1bc\"> </span>Di<span class=\"__1 _6\"></span>ferenc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span>co<span class=\"__1 _6\"></span>nvers<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>\u00f3<span class=\"__1 _6\"></span>n<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>do a<span class=\"__1 _8\"></span>l<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>Te<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>enos<span class=\"__1 _6\"></span> for<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s  83<span class=\"__1 _6\"></span>.79<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>   <span class=\"__1 _5c\"> </span><span class=\"ls50\">                    -   <span class=\"__1 _51\"> </span>                    -   <span class=\"__1 _51\"> </span>                    -   <span class=\"__1 _51\"> </span>                    -   <span class=\"__1 _153\"> </span></span>  8<span class=\"__1 _6\"></span>3.7<span class=\"__1 _6\"></span>94<span class=\"__1 _6\"></span>  Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> terrenos  14<span class=\"__1 _6\"></span>.32<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>   <span class=\"__1 _97\"> </span>  9<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>   <span class=\"__1 _51\"> </span><span class=\"ls50\">                    -   <span class=\"__1 _58\"> </span>                 (7<span class=\"__1 _6\"></span>)   <span class=\"__1 _d7\"> </span></span>  8   <span class=\"__1 _153\"> </span>  <span class=\"__1 _6\"></span>15<span class=\"__1 _6\"></span>.26<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>  Cons<span class=\"__1 _8\"></span>truc<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones  16<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.39<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>   <span class=\"__1 _51\"> </span><span class=\"ls50\">                    -   <span class=\"__1 _58\"> </span>         (2<span class=\"__1 _6\"></span>.48<span class=\"__1 _6\"></span>4)   <span class=\"__1 _12f\"> </span></span>  <span class=\"__1 _6\"></span>1.91<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>   <span class=\"__1 _5c\"> </span><span class=\"ls50\">                    -   <span class=\"__1 _113\"> </span></span>  16<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.82<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>  I<span class=\"__1 _6\"></span>ns<span class=\"__1 _8\"></span>tal<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> t\u00e9<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>ni<span class=\"__1 _8\"></span>ca<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> y<span class=\"__1 _6\"></span> maqu<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a  1.8<span class=\"__1 _6\"></span>78<span class=\"__1 _6\"></span>.95<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>   <span class=\"__1 _12f\"> </span>  8<span class=\"__1 _6\"></span>.21<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>   <span class=\"__1 _51\"> </span><span class=\"ls50\">      (8<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.546<span class=\"__1 _6\"></span>)   <span class=\"__1 _153\"> </span></span>  3<span class=\"__1 _6\"></span>0.1<span class=\"__1 _6\"></span>26<span class=\"__1 _6\"></span>   <span class=\"__1 _d7\"> </span>  6<span class=\"__1 _6\"></span>   <span class=\"__1 _c7\"> </span>  1.83<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.75<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>  Otro<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>nmovi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>za<span class=\"__1 _6\"></span>do  64<span class=\"__1 _6\"></span>.33<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>   <span class=\"__1 _97\"> </span>  1<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>   <span class=\"__1 _58\"> </span><span class=\"ls50\">         (8<span class=\"__1 _6\"></span>.988<span class=\"__1 _6\"></span>)   <span class=\"__1 _12f\"> </span></span>  1<span class=\"__1 _6\"></span>.17<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>   <span class=\"__1 _d7\"> </span>  1   <span class=\"__1 _153\"> </span>  <span class=\"__1 _6\"></span>56<span class=\"__1 _6\"></span>.70<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>  A<span class=\"__1 _5\"></span>nti<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>pos<span class=\"__1 _8\"></span> e i<span class=\"__1 _6\"></span>nmovi<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>za<span class=\"__1 _6\"></span>do<span class=\"__1 _6\"></span> e<span class=\"__1 _5\"></span>n c<span class=\"__1 _6\"></span>ur<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>o  27<span class=\"__1 _6\"></span>.29<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>   <span class=\"__1 _153\"> </span>  3<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.71<span class=\"__1 _6\"></span>4  <span class=\"__1 _6\"></span> <span class=\"__1 _58\"> </span><span class=\"ls50\">         (4<span class=\"__1 _6\"></span>.626<span class=\"__1 _6\"></span>)   <span class=\"__1 _51\"> </span>      (3<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.211<span class=\"__1 _6\"></span>)   <span class=\"__1 _58\"> </span>                 (1<span class=\"__1 _6\"></span>)   <span class=\"__1 _153\"> </span></span>  25<span class=\"__1 _6\"></span>.16<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>  De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>ho de us<span class=\"__1 _8\"></span>o (Not<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span> 1<span class=\"__1 _6\"></span>7)  25<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>   <span class=\"__1 _153\"> </span>  1<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.05<span class=\"__1 _6\"></span>5  <span class=\"__1 _6\"></span> <span class=\"__1 _153\"> </span>  1<span class=\"__1 _6\"></span>1.28<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>   <span class=\"__1 _5c\"> </span><span class=\"ls50\">                    -   <span class=\"__1 _51\"> </span>                    -   <span class=\"__1 _153\"> </span></span>  47<span class=\"__1 _6\"></span>.34<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>  Total<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>cos<span class=\"__1 _70\"></span>t<span class=\"__1 _6\"></span>e  2.25<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.108<span class=\"__1 _6\"></span>   <span class=\"__1 _153\"> </span>  5<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.092<span class=\"__1 _6\"></span>   <span class=\"__1 _5c\"> </span>      (8<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.363<span class=\"__1 _6\"></span>)   <span class=\"__1 _5c\"> </span><span class=\"ls50\">                    -   <span class=\"__1 _af\"> </span></span>  14<span class=\"__1 _6\"></span>   <span class=\"__1 _c7\"> </span>  2.22<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>85<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>  Cons<span class=\"__1 _8\"></span>truc<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones      (70<span class=\"__1 _6\"></span>.116<span class=\"__1 _6\"></span>)   <span class=\"__1 _58\"> </span>         (5<span class=\"__1 _6\"></span>.22<span class=\"__1 _6\"></span>5)   <span class=\"__1 _12f\"> </span><span class=\"ls0_1\">  2<span class=\"__1 _6\"></span>.20<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>   <span class=\"__1 _55\"> </span></span>            (2<span class=\"__1 _6\"></span>32<span class=\"__1 _6\"></span>)   <span class=\"__1 _51\"> </span>                    -   <span class=\"__1 _5c\"> </span>      (73<span class=\"__1 _6\"></span>.370<span class=\"__1 _6\"></span>)  I<span class=\"__1 _6\"></span>ns<span class=\"__1 _8\"></span>tal<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> t\u00e9<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>ni<span class=\"__1 _8\"></span>ca<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> y<span class=\"__1 _6\"></span> maqu<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a (1.0<span class=\"__1 _6\"></span>52<span class=\"__1 _6\"></span>.04<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>)   <span class=\"__1 _5c\"> </span><span class=\"ls50\">      (76<span class=\"__1 _6\"></span>.094<span class=\"__1 _6\"></span>)   <span class=\"__1 _153\"> </span></span>  5<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.26<span class=\"__1 _6\"></span>4   <span class=\"__1 _b5\"> </span><span class=\"ls50\">         (4.18<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>)   <span class=\"__1 _58\"> </span>                 (5<span class=\"__1 _6\"></span>)   <span class=\"__1 _58\"> </span></span> (1<span class=\"__1 _6\"></span>.08<span class=\"__1 _6\"></span>1.0<span class=\"__1 _6\"></span>64<span class=\"__1 _6\"></span>)  Otro<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>nmovi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>za<span class=\"__1 _6\"></span>do      (39<span class=\"__1 _6\"></span>.175<span class=\"__1 _6\"></span>)   <span class=\"__1 _58\"> </span>         (2<span class=\"__1 _6\"></span>.67<span class=\"__1 _6\"></span>0)   <span class=\"__1 _12f\"> </span><span class=\"ls0_1\">  8<span class=\"__1 _6\"></span>.02<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>   <span class=\"__1 _55\"> </span></span>            (4<span class=\"__1 _6\"></span>31<span class=\"__1 _6\"></span>)   <span class=\"__1 _58\"> </span>                 (1<span class=\"__1 _6\"></span>)   <span class=\"__1 _51\"> </span>      (3<span class=\"__1 _6\"></span>4.24<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>)  De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>ho de us<span class=\"__1 _8\"></span>o (Not<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span> 1<span class=\"__1 _6\"></span>7)         (6.48<span class=\"__1 _6\"></span>9)   <span class=\"__1 _b5\"> </span>         (4.14<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>)   <span class=\"__1 _12f\"> </span><span class=\"ls0_1\">  1.4<span class=\"__1 _6\"></span>56<span class=\"__1 _6\"></span>   <span class=\"__1 _5c\"> </span></span>                    -   <span class=\"__1 _51\"> </span>                    -   <span class=\"__1 _58\"> </span>         (9<span class=\"__1 _6\"></span>.177<span class=\"__1 _6\"></span>)  Total<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>amort<span class=\"__1 _6\"></span>iza<span class=\"__1 _5\"></span>ci<span class=\"__1 _70\"></span>one<span class=\"__1 _6\"></span>s (1.16<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>82<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>)   <span class=\"__1 _5c\"> </span>      (8<span class=\"__1 _6\"></span>8.13<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>)   <span class=\"__1 _153\"> </span>  6<span class=\"__1 _6\"></span>2.95<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>   <span class=\"__1 _58\"> </span><span class=\"ls50\">         (4<span class=\"__1 _6\"></span>.844<span class=\"__1 _6\"></span>)   <span class=\"__1 _58\"> </span>                 (6)   <span class=\"__1 _58\"> </span></span> (1<span class=\"__1 _6\"></span>.197<span class=\"__1 _6\"></span>.85<span class=\"__1 _6\"></span>9)  Det<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>rior<span class=\"__1 _6\"></span>os de valor (Not<span class=\"__1 _6\"></span>a 19<span class=\"__1 _6\"></span>)    (20<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.719<span class=\"__1 _6\"></span>)   <span class=\"__1 _5c\"> </span>      (3<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.292<span class=\"__1 _6\"></span>)   <span class=\"__1 _11e\"> </span>  19<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>.051<span class=\"__1 _6\"></span>   <span class=\"__1 _7e\"> </span>  4.84<span class=\"__1 _6\"></span>4  <span class=\"__1 _6\"></span> <span class=\"__1 _51\"> </span><span class=\"ls50\">                    -   <span class=\"__1 _51\"> </span></span>    <span class=\"__1 _6\"></span>  (43<span class=\"__1 _6\"></span>.11<span class=\"__1 _6\"></span>6)  Total<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>Ne<span class=\"__1 _6\"></span>t<span class=\"__1 _6\"></span>o  88<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.561<span class=\"__1 _6\"></span>   <span class=\"__1 _14a\"> </span>  98<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.876<span class=\"__1 _6\"></span>  Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de e<span class=\"__1 _70\"></span>u<span class=\"__1 _6\"></span>ro<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>17.1<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff8 fc3\">Acti<span class=\"__1 _6\"></span>vos por der<span class=\"__1 _5\"></span>echos de us<span class=\"__1 _5\"></span>o<span class=\"__1 _1bc\"> </span></span></span>El <span class=\"__1 _8\"></span>movimiento <span class=\"__1 _6\"></span>hab<span class=\"__1 _6\"></span>ido <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>las <span class=\"__1 _8\"></span>diferentes <span class=\"__1 _8\"></span>cuentas <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>recogen <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>\u201cDerechos<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>uso <span class=\"__1 _8\"></span>sobre <span class=\"__1 _6\"></span>activ<span class=\"__1 _6\"></span>os\u201d <span class=\"__1 _8\"></span>y <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>su<span class=\"__1 _1bc\"> </span>s<span class=\"__1 _1bc\"> </span>correspondientes a<span class=\"__1 _6\"></span>mortizaciones a<span class=\"__1 _6\"></span>cumuladas en 2023 y<span class=\"__1 _6\"></span> 2022 ha sido el s<span class=\"__1 _6\"></span>iguiente:<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>em<span class=\"__1 _70\"></span>b<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> de 20<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3<span class=\"__1 _dc\"> </span>N<span class=\"__1 _5\"></span>ota<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>o a<span class=\"__1 _8\"></span>l<span class=\"__1 _1bc\"> </span>01<span class=\"__1 _6\"></span>/0<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>23<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span>/<span class=\"__1 _1bc\"> </span>Dota<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>onesRe<span class=\"__1 _70\"></span>ti<span class=\"__1 _8\"></span>r<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>o a<span class=\"__1 _8\"></span>l<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>23<span class=\"__1 _1bc\"> </span>Cos<span class=\"__1 _8\"></span>te<span class=\"__1 _70\"></span> -<span class=\"__1 _1bc\"> </span>Te<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>enos<span class=\"__1 _6\"></span> b<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>of\u00e1<span class=\"__1 _8\"></span>br<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span> Pon<span class=\"__1 _6\"></span>te<span class=\"__1 _70\"></span>vedra<span class=\"__1 _1bc\"> </span>16<span class=\"__1 _6f\"> </span><span class=\"ls0_1\">1<span class=\"__1 _6\"></span>9.8<span class=\"__1 _6\"></span>98<span class=\"__1 _100\"> </span>-<span class=\"__1 _100\"> </span>-<span class=\"__1 _e6\"> </span>1<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>.89<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>r<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>dos<span class=\"__1 _8\"></span> for<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>ta<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _1bc\"> </span>16<span class=\"__1 _dd\"> </span><span class=\"ls0_1\">9<span class=\"__1 _6\"></span>.63<span class=\"__1 _6\"></span>3<span class=\"__1 _f\"> </span>1<span class=\"__1 _6\"></span>.58<span class=\"__1 _6\"></span>1<span class=\"__1 _af\"> </span>(1<span class=\"__1 _6\"></span>.08<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>)<span class=\"__1 _53\"> </span>1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.13<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span></span>Re<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>to (*)<span class=\"__1 _1bc\"> </span>16<span class=\"__1 _6f\"> </span><span class=\"ls0_1\">1<span class=\"__1 _6\"></span>7.3<span class=\"__1 _6\"></span>83<span class=\"__1 _61\"> </span>8.26<span class=\"__1 _6\"></span>2<span class=\"__1 _af\"> </span>(1<span class=\"__1 _6\"></span>.74<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>)<span class=\"__1 _53\"> </span>2<span class=\"__1 _6\"></span>3.8<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span></span>Coste<span class=\"__1 _12b\"> </span>4<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.91<span class=\"__1 _6\"></span>4<span class=\"__1 _f\"> </span>9<span class=\"__1 _6\"></span>.84<span class=\"__1 _6\"></span>3<span class=\"__1 _af\"> </span>(2.82<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>)<span class=\"__1 _53\"> </span>53<span class=\"__1 _6\"></span>.92<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _70\"></span>mor<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>za<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n -<span class=\"__1 _1bc\"> </span>Te<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>enos<span class=\"__1 _6\"></span> b<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>of\u00e1<span class=\"__1 _8\"></span>br<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span> Pon<span class=\"__1 _6\"></span>te<span class=\"__1 _70\"></span>vedra<span class=\"__1 _1bc\"> </span>16<span class=\"__1 _d4\"> </span>384<span class=\"__1 _14e\"> </span>391<span class=\"__1 _6b\"> </span><span class=\"ls0_1\">-<span class=\"__1 _95\"> </span></span>775<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>r<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>dos<span class=\"__1 _8\"></span> for<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>ta<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _1bc\"> </span>16<span class=\"__1 _dd\"> </span><span class=\"ls0_1\">2<span class=\"__1 _6\"></span>.39<span class=\"__1 _6\"></span>4<span class=\"__1 _6f\"> </span></span>687<span class=\"__1 _92\"> </span><span class=\"ls0_1\">(7<span class=\"__1 _6\"></span>93<span class=\"__1 _6\"></span>)<span class=\"__1 _4a\"> </span>2<span class=\"__1 _6\"></span>.28<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span></span>Re<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>to (*)<span class=\"__1 _1bc\"> </span>16<span class=\"__1 _dd\"> </span><span class=\"ls0_1\">6<span class=\"__1 _6\"></span>.39<span class=\"__1 _6\"></span>9<span class=\"__1 _f\"> </span>3<span class=\"__1 _6\"></span>.57<span class=\"__1 _6\"></span>5<span class=\"__1 _af\"> </span>(1<span class=\"__1 _6\"></span>.40<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)<span class=\"__1 _4a\"> </span>8<span class=\"__1 _6\"></span>.57<span class=\"__1 _6\"></span>4<span class=\"__1 _1bc\"> </span></span>Am<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>t<span class=\"__1 _6\"></span>iza<span class=\"__1 _70\"></span>ci<span class=\"__1 _5\"></span>\u00f3n<span class=\"__1 _14f\"> </span>9.17<span class=\"__1 _6\"></span>7<span class=\"__1 _f\"> </span>4<span class=\"__1 _6\"></span>.65<span class=\"__1 _6\"></span>3<span class=\"__1 _af\"> </span>(2.19<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>)<span class=\"__1 _53\"> </span>1<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>63<span class=\"__1 _6\"></span>7<span class=\"__1 _1bc\"> </span>Det<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>ioros de<span class=\"__1 _6\"></span> va<span class=\"__1 _5\"></span>lor <span class=\"__1 _9e\"> </span><span class=\"ff4 ls52\">19<span class=\"__1 _139\"> </span></span>-<span class=\"__1 _6b\"> </span>-<span class=\"__1 _100\"> </span>-<span class=\"__1 _dc\"> </span>-<span class=\"__1 _1bc\"> </span>T<span class=\"__1 _5\"></span>ot<span class=\"__1 _6\"></span>a<span class=\"__1 _5\"></span>l Ne<span class=\"__1 _6\"></span>t<span class=\"__1 _6\"></span>o  3<span class=\"__1 _6\"></span>7.73<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>   <span class=\"__1 _bb\"> </span>  42<span class=\"__1 _6\"></span>.29<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>  Mi<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> e<span class=\"__1 _5\"></span>ur<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>(*<span class=\"__1 _5\"></span>) I<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>uye pr<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>pa<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>me<span class=\"__1 _70\"></span>nte<span class=\"__1 _5\"></span> a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>enda<span class=\"__1 _8\"></span>m<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>ntos<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e ofi<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>n<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> y<span class=\"__1 _6\"></span> veh\u00edcul<span class=\"__1 _4\"></span>os<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>em<span class=\"__1 _70\"></span>b<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> de 20<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>2<span class=\"__1 _dc\"> </span>N<span class=\"__1 _5\"></span>ota<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>o a<span class=\"__1 _8\"></span>l<span class=\"__1 _1bc\"> </span>01<span class=\"__1 _6\"></span>/0<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>22<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span>/<span class=\"__1 _1bc\"> </span>Dota<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>onesRe<span class=\"__1 _70\"></span>ti<span class=\"__1 _8\"></span>r<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>o a<span class=\"__1 _8\"></span>l<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>22<span class=\"__1 _1bc\"> </span>Cos<span class=\"__1 _8\"></span>te<span class=\"__1 _70\"></span> -<span class=\"__1 _1bc\"> </span>Te<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>enos<span class=\"__1 _6\"></span> b<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>of\u00e1<span class=\"__1 _8\"></span>br<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span> Pon<span class=\"__1 _6\"></span>te<span class=\"__1 _70\"></span>vedra<span class=\"__1 _1bc\"> </span>16<span class=\"__1 _dd\"> </span><span class=\"ls0_1\">3<span class=\"__1 _6\"></span>.79<span class=\"__1 _6\"></span>1<span class=\"__1 _23\"> </span>22<span class=\"__1 _6\"></span>.97<span class=\"__1 _6\"></span>0<span class=\"__1 _af\"> </span>(6<span class=\"__1 _6\"></span>.86<span class=\"__1 _6\"></span>3)<span class=\"__1 _97\"> </span>19<span class=\"__1 _6\"></span>.89<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>r<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>dos<span class=\"__1 _8\"></span> for<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>ta<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _1bc\"> </span>16<span class=\"__1 _dd\"> </span><span class=\"ls0_1\">9<span class=\"__1 _6\"></span>.61<span class=\"__1 _6\"></span>6<span class=\"__1 _6f\"> </span></span>753<span class=\"__1 _92\"> </span><span class=\"ls0_1\">(7<span class=\"__1 _6\"></span>36<span class=\"__1 _6\"></span>)<span class=\"__1 _4a\"> </span>9<span class=\"__1 _6\"></span>.63<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span></span>Re<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>to (*)<span class=\"__1 _1bc\"> </span>16<span class=\"__1 _6f\"> </span><span class=\"ls0_1\">1<span class=\"__1 _6\"></span>1.6<span class=\"__1 _6\"></span>02<span class=\"__1 _61\"> </span>7.23<span class=\"__1 _6\"></span>0<span class=\"__1 _af\"> </span>(1<span class=\"__1 _6\"></span>.44<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>)<span class=\"__1 _53\"> </span>1<span class=\"__1 _6\"></span>7.3<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span></span>Coste<span class=\"__1 _12b\"> </span>2<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>9<span class=\"__1 _23\"> </span>30<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>9<span class=\"__1 _6\"></span>53<span class=\"__1 _af\"> </span>(9<span class=\"__1 _6\"></span>.04<span class=\"__1 _6\"></span>8)<span class=\"__1 _53\"> </span>4<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.91<span class=\"__1 _6\"></span>4<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _70\"></span>mor<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>za<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n -<span class=\"__1 _1bc\"> </span>Te<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>enos<span class=\"__1 _6\"></span> b<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>of\u00e1<span class=\"__1 _8\"></span>br<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span> Pon<span class=\"__1 _6\"></span>te<span class=\"__1 _70\"></span>vedra<span class=\"__1 _1bc\"> </span>16<span class=\"__1 _139\"> </span><span class=\"ls0_1\">-<span class=\"__1 _14e\"> </span></span>384<span class=\"__1 _100\"> </span><span class=\"ls0_1\">-<span class=\"__1 _11\"> </span></span>384<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>r<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>dos<span class=\"__1 _8\"></span> for<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>ta<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _1bc\"> </span>16<span class=\"__1 _dd\"> </span><span class=\"ls0_1\">2<span class=\"__1 _6\"></span>.14<span class=\"__1 _6\"></span>5<span class=\"__1 _6f\"> </span></span>680<span class=\"__1 _92\"> </span><span class=\"ls0_1\">(4<span class=\"__1 _6\"></span>31<span class=\"__1 _6\"></span>)<span class=\"__1 _4a\"> </span>2<span class=\"__1 _6\"></span>.39<span class=\"__1 _6\"></span>4<span class=\"__1 _1bc\"> </span></span>Re<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>to (*)<span class=\"__1 _1bc\"> </span>16<span class=\"__1 _dd\"> </span><span class=\"ls0_1\">4<span class=\"__1 _6\"></span>.34<span class=\"__1 _6\"></span>4<span class=\"__1 _f\"> </span>2<span class=\"__1 _6\"></span>.97<span class=\"__1 _6\"></span>3<span class=\"__1 _11\"> </span>(91<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>)<span class=\"__1 _4a\"> </span>6<span class=\"__1 _6\"></span>.39<span class=\"__1 _6\"></span>9<span class=\"__1 _1bc\"> </span></span>Am<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>t<span class=\"__1 _6\"></span>iza<span class=\"__1 _70\"></span>ci<span class=\"__1 _5\"></span>\u00f3n<span class=\"__1 _14f\"> </span>6.48<span class=\"__1 _6\"></span>9<span class=\"__1 _f\"> </span>4<span class=\"__1 _6\"></span>.03<span class=\"__1 _6\"></span>7<span class=\"__1 _af\"> </span>(1.34<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>)<span class=\"__1 _4a\"> </span>9<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>17<span class=\"__1 _6\"></span>7<span class=\"__1 _1bc\"> </span>Det<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>ioros de<span class=\"__1 _6\"></span> va<span class=\"__1 _5\"></span>lor <span class=\"__1 _9e\"> </span><span class=\"ff4 ls52\">19<span class=\"__1 _dd\"> </span></span>3<span class=\"__1 _6\"></span>.79<span class=\"__1 _6\"></span>1<span class=\"__1 _100\"> </span>-<span class=\"__1 _99\"> </span>(3<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>7<span class=\"__1 _6\"></span>91<span class=\"__1 _6\"></span>)<span class=\"__1 _e\"> </span>-<span class=\"__1 _1bc\"> </span>T<span class=\"__1 _5\"></span>ot<span class=\"__1 _6\"></span>a<span class=\"__1 _5\"></span>l Ne<span class=\"__1 _6\"></span>t<span class=\"__1 _6\"></span>o  1<span class=\"__1 _6\"></span>4.72<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>   <span class=\"__1 _bb\"> </span>  37<span class=\"__1 _6\"></span>.73<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>  Mi<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> e<span class=\"__1 _5\"></span>ur<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>(*<span class=\"__1 _5\"></span>) I<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>uye pr<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>pa<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>me<span class=\"__1 _70\"></span>nte<span class=\"__1 _5\"></span> a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>enda<span class=\"__1 _8\"></span>m<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>ntos<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e ofi<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>n<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> y<span class=\"__1 _6\"></span> veh\u00edcul<span class=\"__1 _4\"></span>os<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span>18.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Activos biol\u00f3gicos </span></span>En <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>ep\u00edgrafe <span class=\"__1 _8\"></span>\u201cA<span class=\"__1 _6\"></span>ctivos <span class=\"__1 _8\"></span>biol\u00f3gicos\u201d<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>incluyen <span class=\"__1 _8\"></span>exclusivam<span class=\"__1 _6\"></span>ente <span class=\"__1 _8\"></span>los <span class=\"__1 _4\"></span>vuelos <span class=\"__1 _6\"></span>foresta<span class=\"__1 _6\"></span>les <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>Grupo,<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>ya <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>los<span class=\"__1 _1bc\"> </span>terrenos <span class=\"__1 _70\"></span>pro<span class=\"__1 _6\"></span>piedad <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _70\"></span>Grupo, <span class=\"__1 _5\"></span>en <span class=\"__1 _70\"></span>los que <span class=\"__1 _70\"></span>se <span class=\"__1 _70\"></span>ubican<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>los <span class=\"__1 _70\"></span>v<span class=\"__1 _6\"></span>uelos <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>presentan en <span class=\"__1 _70\"></span>el <span class=\"__1 _70\"></span>ep\u00edgrafe <span class=\"__1 _70\"></span>\u201cPro<span class=\"__1 _6\"></span>piedad, <span class=\"__1 _5\"></span>planta<span class=\"__1 _1bc\"> </span>y <span class=\"ls0_1\">equipo <span class=\"ff6\">\u2013</span> <span class=\"ff6\">terrenos foresta<span class=\"__1 _6\"></span>les\u201d. Su variaci\u00f3n<span class=\"__1 _6\"></span> durante los ejercicios 2023 y 2022 h<span class=\"__1 _6\"></span>a sido la s<span class=\"__1 _6\"></span>iguiente:<span class=\"__1 _1bc\"> </span></span></span>31<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>em<span class=\"__1 _70\"></span>b<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> de 20<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>o a<span class=\"__1 _8\"></span>l<span class=\"__1 _1bc\"> </span>01<span class=\"__1 _6\"></span>/0<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span> o<span class=\"__1 _1bc\"> </span>dota<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _70\"></span>ti<span class=\"__1 _8\"></span>r<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> o<span class=\"__1 _1bc\"> </span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>duc<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>nes<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>o a<span class=\"__1 _8\"></span>l<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>N<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>goc<span class=\"__1 _70\"></span>io celulos<span class=\"__1 _5\"></span>a<span class=\"__1 _5\"></span>:<span class=\"__1 _1bc\"> </span>Vue<span class=\"__1 _70\"></span>l<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span> fo<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _156\"> </span>  1<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>6.7<span class=\"__1 _6\"></span>00<span class=\"__1 _6\"></span>  <span class=\"__1 _6\"></span> <span class=\"__1 _33\"> </span>  1<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.45<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>   <span class=\"__1 _cd\"> </span><span class=\"ls55\">         (4.36<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>)   <span class=\"__1 _106\"> </span></span>  12<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.78<span class=\"__1 _6\"></span>2 A<span class=\"__1 _70\"></span>gota<span class=\"__1 _6\"></span>mi<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>to de<span class=\"__1 _5\"></span> l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span> fo<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span>tal      (53<span class=\"__1 _6\"></span>.81<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>)   <span class=\"__1 _c9\"> </span>         (8<span class=\"__1 _6\"></span>.79<span class=\"__1 _6\"></span>7)   <span class=\"__1 _f9\"> </span><span class=\"ls0_1\">  4<span class=\"__1 _6\"></span>.24<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>   <span class=\"__1 _cc\"> </span></span>      (5<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.36<span class=\"__1 _6\"></span>6)  De<span class=\"__1 _5\"></span>t<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span>o d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> va<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span> (Not<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span> 1<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>)<span class=\"__1 _129\"> </span><span class=\"ls55\">         (2.50<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>)   <span class=\"__1 _c9\"> </span>         (1<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)   <span class=\"__1 _cc\"> </span>                    -   <span class=\"__1 _c9\"> </span>         (3<span class=\"__1 _6\"></span>.50<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>) </span>  6<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>37<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>   <span class=\"__1 _f9\"> </span>  6<span class=\"__1 _6\"></span>.653<span class=\"__1 _6\"></span>   <span class=\"__1 _cf\"> </span><span class=\"ls55\">            (12<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>)   <span class=\"__1 _33\"> </span></span>  6<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>9<span class=\"__1 _6\"></span>08<span class=\"__1 _6\"></span> N<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>goc<span class=\"__1 _70\"></span>io e<span class=\"__1 _6\"></span>ne<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>g\u00eda<span class=\"__1 _70\"></span> r<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>nova<span class=\"__1 _5\"></span>ble:<span class=\"__1 _1bc\"> </span>Vue<span class=\"__1 _70\"></span>l<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span> fo<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _157\"> </span>  2<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>   <span class=\"__1 _23\"> </span>  4<span class=\"__1 _6\"></span>9  <span class=\"__1 _6\"></span> <span class=\"__1 _cc\"> </span><span class=\"ls55\">                    -   <span class=\"__1 _f9\"> </span></span>  2.05<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span> A<span class=\"__1 _70\"></span>gota<span class=\"__1 _6\"></span>mi<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>to de<span class=\"__1 _5\"></span> l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span> fo<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span>tal         (1.75<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>)   <span class=\"__1 _cc\"> </span>                    -   <span class=\"__1 _cc\"> </span>                    -   <span class=\"__1 _cd\"> </span>         (1.75<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>) De<span class=\"__1 _5\"></span>t<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span>o d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> va<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span> (Not<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span> 1<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>)<span class=\"__1 _15\"> </span><span class=\"ls55\">              (9<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>)   <span class=\"__1 _cc\"> </span>                    -   <span class=\"__1 _d1\"> </span>                    -   <span class=\"__1 _cc\"> </span>              (96<span class=\"__1 _6\"></span>) </span>  1<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>4  <span class=\"__1 _6\"></span> <span class=\"__1 _23\"> </span>  49<span class=\"__1 _6\"></span>   <span class=\"__1 _d1\"> </span><span class=\"ls55\">                    -   <span class=\"__1 _97\"> </span></span>  2<span class=\"__1 _6\"></span>03<span class=\"__1 _6\"></span>   6<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>53<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>   <span class=\"__1 _10a\"> </span>  6<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.11<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span> Mi<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> e<span class=\"__1 _5\"></span>ur<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span><div class=\"c_1 w2_1 h58 gs116\"><div class=\"t_1 m0_1 xbf h8_1 yae2 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">  </div><div class=\"t_1 m0_1 x2a h1a8 yae3 ff2_1 fs3 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x69 h8_1 yae4 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ENCE <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>ha ad<span class=\"__1 _6\"></span>judicado <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>2023 <span class=\"__1 _6\"></span>el p<span class=\"__1 _6\"></span>atrimonio <span class=\"__1 _6\"></span>forestal <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>Sniace <span class=\"__1 _6\"></span>ubicado <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>Cantabria, <span class=\"__1 _6\"></span>que in<span class=\"__1 _6\"></span>cluye <span class=\"__1 _6\"></span>un to<span class=\"__1 _6\"></span>tal<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 yae5 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">3.362 <span class=\"__1 _c8\"> </span>hect\u00e1<span class=\"__1 _6\"></span>reas <span class=\"__1 _c8\"> </span>for<span class=\"__1 _6\"></span>estales, <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c8\"> </span>las<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>que <span class=\"__1 _c6\"> </span>11<span class=\"__1 _6\"></span>7 <span class=\"__1 _c8\"> </span>h<span class=\"__1 _6\"></span>ect\u00e1reas <span class=\"__1 _c6\"> </span>son <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c8\"> </span>prop<span class=\"__1 _6\"></span>iedad <span class=\"__1 _c8\"> </span>(v<span class=\"__1 _6\"></span>\u00e9ase <span class=\"__1 _c8\"> </span>Nota<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>1<span class=\"__1 _6\"></span>6), <span class=\"__1 _c8\"> </span>cinco <span class=\"__1 _c6\"> </span>huertos<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 y4bd ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">semilleros <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>eucalipto <span class=\"__1 _4\"></span>Nitens <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>dos <span class=\"__1 _4\"></span>especi<span class=\"__1 _6\"></span>es <span class=\"__1 _4\"></span>comerciales <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>eucalipto <span class=\"__1 _4\"></span>Gl\u00f3bulus,<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>resistentes <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>las <span class=\"__1 _4\"></span>plagas<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 y4be ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">locales de este cultivo<span class=\"__1 _6\"></span> por un importe con<span class=\"__1 _6\"></span>junto <span class=\"ff6\">d<span class=\"__1 _6\"></span>e 10,8 millones \u20ac</span><span class=\"ls17\">. </span><span class=\"ls17\"><span class=\"__1 _6\"></span></span> </div><div class=\"t_1 m0_1 x69 h8_1 y4bf ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Por <span class=\"__1 _6\"></span>otra <span class=\"__1 _8\"></span>parte, <span class=\"__1 _6\"></span>ENCE <span class=\"__1 _6\"></span>h<span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>realizado<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>ejercicios <span class=\"__1 _6\"></span>2023 <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>2022 <span class=\"__1 _8\"></span>labores <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>plantaci\u00f3n <span class=\"__1 _8\"></span>en 1.273 <span class=\"__1 _6\"></span>hect\u00e1reas <span class=\"__1 _8\"></span>y<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 yae6 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1.529 <span class=\"__1 _c6\"> </span>hect\u00e1reas<span class=\"__1 _6\"></span>, <span class=\"__1 _c6\"> </span>respectivamente,  y <span class=\"__1 _c6\"> </span>ha <span class=\"__1 _c6\"> </span>ejecu<span class=\"__1 _6\"></span>tado <span class=\"__1 _c6\"> </span>lab<span class=\"__1 _6\"></span>ores <span class=\"__1 _c6\"> </span>de <span class=\"__1 _ca\"> </span>conservaci\u00f3n  y <span class=\"__1 _c8\"> </span>s<span class=\"__1 _6\"></span>elvicultura <span class=\"__1 _c6\"> </span>s<span class=\"__1 _6\"></span>obre <span class=\"__1 _c6\"> </span>19.878<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x69 h8_1 yae7 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">hect\u00e1reas <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>13.843 <span class=\"__1 _4\"></span>hect\u00e1reas, <span class=\"__1 _8\"></span>resp<span class=\"__1 _6\"></span>ectivamente, <span class=\"__1 _4\"></span>lo <span class=\"__1 _8\"></span>que <span class=\"__1 _4\"></span>ha <span class=\"__1 _8\"></span>supuesto <span class=\"__1 _4\"></span>una <span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>versi\u00f3n <span class=\"__1 _4\"></span>por <span class=\"__1 _8\"></span>importe <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>16.499<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 yae8 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">miles <span class=\"__1 _6\"></span>\u20ac <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>6.620 <span class=\"__1 _8\"></span>miles <span class=\"__1 _8\"></span>\u20ac, <span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>espectivamente. <span class=\"__1 _8\"></span>Una <span class=\"__1 _8\"></span>parte <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>estas <span class=\"__1 _8\"></span>inversion<span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>or <span class=\"__1 _8\"></span>import<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>8.779 <span class=\"__1 _8\"></span>miles <span class=\"__1 _8\"></span>\u20ac <span class=\"__1 _8\"></span>en<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 yae9 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2023 <span class=\"__1 _c6\"> </span>y  5.707  miles <span class=\"__1 _c6\"> </span><span class=\"ff6\">\u20ac  en <span class=\"__1 _ca\"> </span>2022 <span class=\"__1 _ca\"> </span>se <span class=\"__1 _ca\"> </span>recogen  en <span class=\"__1 _c6\"> </span>el  ep\u00edgrafe <span class=\"__1 _ca\"> </span>\u201cTrabajos  realizados <span class=\"__1 _ca\"> </span>por <span class=\"__1 _ca\"> </span>la  em<span class=\"__1 _5\"></span>presa  para <span class=\"__1 _ca\"> </span>el<span class=\"__1 _1bc\"> </span></span><span class=\"ff6\"> </span></div><div class=\"t_1 m0_1 x69 h8_1 yaea ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">inmovilizado\u201d del E<span class=\"__1 _6\"></span>st<span class=\"ff4\">ado<span class=\"__1 _6\"></span> de Resultado consolida<span class=\"__1 _6\"></span>do. </span><span class=\"ff4\"> </span></div><div class=\"t_1 m0_1 x69 h8_1 yaeb ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Por su parte, <span class=\"__1 _6\"></span>el Grupo ha <span class=\"__1 _6\"></span>capitalizad<span class=\"__1 _6\"></span>o en ejercicio 2023<span class=\"__1 _6\"></span> un i<span class=\"__1 _6\"></span>mporte de 1.01<span class=\"__1 _8\"></span>2 <span class=\"ff6\">miles de<span class=\"__1 _6\"></span> euros (936 <span class=\"__1 _6\"></span>miles \u20ac en<span class=\"__1 _1bc\"> </span></span><span class=\"ff6\"> </span></div><div class=\"t_1 m0_1 x69 h8_1 yaec ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">2022) <span class=\"__1 _5\"></span>correspondiente a <span class=\"__1 _70\"></span>cuot<span class=\"__1 _6\"></span>as por <span class=\"__1 _70\"></span>derecho de <span class=\"__1 _70\"></span>uso y <span class=\"__1 _70\"></span>costes<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>finan<span class=\"__1 _6\"></span>cieros <span class=\"__1 _5\"></span>de <span class=\"__1 _5\"></span>terrenos destinados al <span class=\"__1 _70\"></span>desarrollo<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 yaed ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de activos biol\u00f3<span class=\"__1 _6\"></span>gicos (v\u00e9ase Nota 17)<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 y4c6 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ENCE <span class=\"__1 _8\"></span>suscribi\u00f3 <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>2018 <span class=\"__1 _8\"></span>diversos <span class=\"__1 _8\"></span>acuerdos <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>largo <span class=\"__1 _8\"></span>plazo <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>venta <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>mad<span class=\"__1 _6\"></span>era <span class=\"__1 _6\"></span>pro<span class=\"__1 _8\"></span>cedente <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>su <span class=\"__1 _8\"></span>patrimonio<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 y4c7 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">forestal ubicado en el <span class=\"__1 _6\"></span>Sur de <span class=\"__1 _6\"></span>Espa\u00f1a.<span class=\"__1 _6\"></span> Los acuerdos est\u00e1n<span class=\"__1 _6\"></span> vigentes hasta d<span class=\"__1 _6\"></span>iciembre de 2030 y los<span class=\"__1 _6\"></span> vol\u00famenes<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 y1be ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">acordados s<span class=\"__1 _6\"></span>e sit\u00faan entre 170.000 toneladas<span class=\"__1 _6\"></span> y 240.000 toneladas<span class=\"__1 _6\"></span> anuales.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x69 h64 yaee ff3_1 fs0_1 fc5 sc0_1 ls0_1 ws0_1\">18.1<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff8 fc3\">Detalle de vuelos forestales<span class=\"__1 _5\"></span> </span></span><span class=\"ff5\"><span class=\"ff8 fc3\"> </span></span></div><div class=\"t_1 m0_1 x69 h8_1 y7d8 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El detalle de los v<span class=\"__1 _6\"></span>uelos forestales a<span class=\"__1 _6\"></span>l 31 de diciembre de 20<span class=\"__1 _6\"></span>23 y 2022 es el siguient<span class=\"__1 _6\"></span>e:<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> </div></div><div class=\"c_1 wf6 h1a9 gs117\"><div class=\"t_1 m2b x9 h1a1 yaf0 ff4 fs3b fc0_1 sc0_1 ls0_1 ws0_1\">31<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>em<span class=\"__1 _70\"></span>b<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> de 20<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 wf7 h1aa gs118\"><div class=\"t_1 m2b x21 h1a1 yaf2 ff4 fs3b fc0_1 sc0_1 ls0_1 ws0_1\">Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>o a<span class=\"__1 _8\"></span>l<span class=\"__1 _1bc\"> </span><span class=\"__1 _8\"></span> </div><div class=\"t_1 m2b x3a h1a1 yaf3 ff4 fs3b fc0_1 sc0_1 ls0_1 ws0_1\">01<span class=\"__1 _6\"></span>/0<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 wf8 h1aa gs119\"><div class=\"t_1 m2b x3a h1a1 yaf5 ff4 fs3b fc0_1 sc0_1 ls0_1 ws0_1\">A<span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span> o<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m2b xa h1a1 yaf3 ff4 fs3b fc0_1 sc0_1 ls0_1 ws0_1\">dota<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 wf8 h1aa gs11a\"><div class=\"t_1 m2b x14 h1a1 yaf2 ff4 fs3b fc0_1 sc0_1 ls0_1 ws0_1\">Re<span class=\"__1 _70\"></span>ti<span class=\"__1 _8\"></span>r<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> o<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m2b x3a h1a1 yaf3 ff4 fs3b fc0_1 sc0_1 ls0_1 ws0_1\">r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>duc<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>nes<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 wf7 h1aa gs11b\"><div class=\"t_1 m2b x21 h1a1 yaf2 ff4 fs3b fc0_1 sc0_1 ls0_1 ws0_1\">Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>o a<span class=\"__1 _8\"></span>l<span class=\"__1 _1bc\"> </span><span class=\"__1 _8\"></span> </div><div class=\"t_1 m2b x3a h1a1 yaf3 ff4 fs3b fc0_1 sc0_1 ls0_1 ws0_1\">31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 wf9 h1a3 gs11c\"><div class=\"t_1 m2b x9 h1a4 yacc ff3_1 fs3b fc0_1 sc0_1 ls0_1 ws0_1\">N<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>goc<span class=\"__1 _70\"></span>io celulos<span class=\"__1 _5\"></span>a<span class=\"__1 _5\"></span>:<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 wfa h1ab gs11d\"><div class=\"t_1 m2b x9 h1a1 yaf9 ff4 fs3b fc0_1 sc0_1 ls0_1 ws0_1\">Vue<span class=\"__1 _70\"></span>l<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span> fo<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _156\"> </span>  1<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>5.8<span class=\"__1 _6\"></span>04<span class=\"__1 _6\"></span>  <span class=\"__1 _6\"></span> <span class=\"__1 _f9\"> </span>  6.57<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>   <span class=\"__1 _cd\"> </span><span class=\"ls55\">         (5.67<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>)   <span class=\"__1 _106\"> </span></span>  11<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.70<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>   </div></div><div class=\"c_1 wf9 h1a3 gs11c\"><div class=\"t_1 m2b x9 h1a1 yacf ff4 fs3b fc0_1 sc0_1 ls0_1 ws0_1\">A<span class=\"__1 _70\"></span>gota<span class=\"__1 _6\"></span>mi<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>to de<span class=\"__1 _5\"></span> l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span> fo<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span>tal</div></div><div class=\"c_1 wfa h1ab gs11e\"><div class=\"t_1 m2b xf3 h1a1 yafb ff4 fs3b fc0_1 sc0_1 ls55 ws0_1\">      (51<span class=\"__1 _6\"></span>.79<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>)   <span class=\"__1 _c9\"> </span>         (6<span class=\"__1 _6\"></span>.96<span class=\"__1 _6\"></span>0)   <span class=\"__1 _f9\"> </span><span class=\"ls0_1\">  4<span class=\"__1 _6\"></span>.93<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>   <span class=\"__1 _cc\"> </span></span>      (5<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.81<span class=\"__1 _6\"></span>5)   </div></div><div class=\"c_1 wfa h1ab gs11f\"><div class=\"t_1 m2b x9 h1a1 yaf9 ff4 fs3b fc0_1 sc0_1 ls0_1 ws0_1\">De<span class=\"__1 _5\"></span>t<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span>o d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> va<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span> (Not<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span> 1<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>)<span class=\"__1 _129\"> </span><span class=\"ls55\">         (4.43<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)   <span class=\"__1 _c9\"> </span>         (1<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)   <span class=\"__1 _f9\"> </span></span>  2.92<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>   <span class=\"__1 _cd\"> </span><span class=\"ls55\">         (2.50<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>) </span><span class=\"ls55\">  </span></div></div><div class=\"c_1 wfa h1ab gs120\"><div class=\"t_1 m2b xf8 h1a4 yafe ff3_1 fs3b fc0_1 sc0_1 ls0_1 ws0_1\">  5<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>58<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>   <span class=\"__1 _cd\"> </span><span class=\"ls55\">         (1.38<span class=\"__1 _6\"></span>6)   <span class=\"__1 _f9\"> </span></span>  2.18<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>   <span class=\"__1 _33\"> </span>  6<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.37<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>   </div></div><div class=\"c_1 wf9 h1a3 gs11c\"><div class=\"t_1 m2b x9 h1a4 yad5 ff3_1 fs3b fc0_1 sc0_1 ls0_1 ws0_1\">N<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>goc<span class=\"__1 _70\"></span>io e<span class=\"__1 _6\"></span>ne<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>g\u00eda<span class=\"__1 _70\"></span> r<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>nova<span class=\"__1 _5\"></span>ble:<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 wfa h1ab gs121\"><div class=\"t_1 m2b x9 h1a1 yb00 ff4 fs3b fc0_1 sc0_1 ls0_1 ws0_1\">Vue<span class=\"__1 _70\"></span>l<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span> fo<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _157\"> </span>  2<span class=\"__1 _6\"></span>.38<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>   <span class=\"__1 _23\"> </span>  4<span class=\"__1 _6\"></span>6  <span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span><span class=\"ls55\">            (4<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>5)   <span class=\"__1 _f9\"> </span></span>  2<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>   </div></div><div class=\"c_1 wf9 h1a3 gs11c\"><div class=\"t_1 m2b x9 h1a1 yad8 ff4 fs3b fc0_1 sc0_1 ls0_1 ws0_1\">A<span class=\"__1 _70\"></span>gota<span class=\"__1 _6\"></span>mi<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>to de<span class=\"__1 _5\"></span> l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span> fo<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span>tal</div></div><div class=\"c_1 wfa h1ab gs122\"><div class=\"t_1 m2b xf3 h1a1 yb02 ff4 fs3b fc0_1 sc0_1 ls55 ws0_1\">         (2.13<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>)   <span class=\"__1 _cc\"> </span>              (3<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)   <span class=\"__1 _97\"> </span><span class=\"ls0_1\">  4<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>1 <span class=\"__1 _6\"></span>  <span class=\"__1 _c9\"> </span></span>         (1<span class=\"__1 _6\"></span>.75<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>)   </div></div><div class=\"c_1 wfa h1ab gs123\"><div class=\"t_1 m2b x9 h1a1 yb00 ff4 fs3b fc0_1 sc0_1 ls0_1 ws0_1\">De<span class=\"__1 _5\"></span>t<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span>o d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> va<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span> (Not<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span> 1<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>)<span class=\"__1 _d7\"> </span><span class=\"ls55\">            (10<span class=\"__1 _6\"></span>9)   <span class=\"__1 _d1\"> </span>                    -   <span class=\"__1 _23\"> </span></span>  13<span class=\"__1 _6\"></span>   <span class=\"__1 _d1\"> </span><span class=\"ls55\">              (96<span class=\"__1 _6\"></span>) </span><span class=\"ls55\">  </span></div></div><div class=\"c_1 wfa h1ab gs124\"><div class=\"t_1 m2b x16 h1a4 yb05 ff3_1 fs3b fc0_1 sc0_1 ls0_1 ws0_1\">  1<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>9  <span class=\"__1 _6\"></span> <span class=\"__1 _23\"> </span>  16<span class=\"__1 _6\"></span>   <span class=\"__1 _cd\"> </span><span class=\"ls55\">                 (1)   <span class=\"__1 _97\"> </span></span>  1<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>   </div></div><div class=\"c_1 wfa h1ab gs125\"><div class=\"t_1 m2b xf8 h1a4 yafe ff3_1 fs3b fc0_1 sc0_1 ls0_1 ws0_1\">  5<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>72<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>   <span class=\"__1 _10a\"> </span>  6<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.53<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>   </div></div><div class=\"c_1 wfb h1ac gs126\"><div class=\"t_1 m2b xe h1a1 yb08 ff4 fs3b fc0_1 sc0_1 ls0_1 ws0_1\">Mi<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> e<span class=\"__1 _5\"></span>ur<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span></div></div>Adicionalmente, <span class=\"__1 _8\"></span>el <span class=\"__1 _4\"></span>patrimonio <span class=\"__1 _8\"></span>gestionad<span class=\"__1 _6\"></span>o <span class=\"__1 _8\"></span>incluye <span class=\"__1 _8\"></span>2.594 <span class=\"__1 _4\"></span>hect\u00e1re<span class=\"__1 _5\"></span>as <span class=\"__1 _4\"></span>ubicadas <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>Portu<span class=\"__1 _6\"></span>gal <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>ENCE <span class=\"__1 _4\"></span>vendi\u00f3<span class=\"__1 _1bc\"> </span>en 2013, <span class=\"__1 _70\"></span>al suscribirse un acue<span class=\"__1 _5\"></span>rdo con <span class=\"__1 _5\"></span>el comprador <span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>ara la adquisici\u00f3n, a <span class=\"__1 _70\"></span>precios<span class=\"__1 _6\"></span> de <span class=\"__1 _70\"></span>mercado, de la <span class=\"__1 _70\"></span>madera<span class=\"__1 _1bc\"> </span>producida en la<span class=\"__1 _6\"></span> superficie vendida d<span class=\"__1 _6\"></span>urante un periodo d<span class=\"__1 _6\"></span>e 20 a\u00f1os.<span class=\"__1 _6\"></span><span class=\"fc8\"> </span>Eda<span class=\"__1 _6\"></span>d en A<span class=\"__1 _70\"></span>\u00f1<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>&gt; 17<span class=\"__1 _fa\"> </span><span class=\"ls56\">          1.65<span class=\"__1 _6\"></span>8 <span class=\"__1 _51\"> </span>          2.72<span class=\"__1 _6\"></span>2 <span class=\"__1 _158\"> </span>              95<span class=\"__1 _6\"></span>7 <span class=\"__1 _51\"> </span>          1.49<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span></span>14<span class=\"__1 _6\"></span> \u2013 16<span class=\"__1 _11\"> </span><span class=\"ff4 ls56\">          5<span class=\"__1 _6\"></span>.226<span class=\"__1 _6\"></span> <span class=\"__1 _b5\"> </span>        1<span class=\"__1 _6\"></span>2.13<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _113\"> </span>          2.35<span class=\"__1 _6\"></span>7 <span class=\"__1 _51\"> </span>          5.89<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span></span>11<span class=\"__1 _6\"></span> \u2013 13<span class=\"__1 _11\"> </span><span class=\"ff4 ls56\">          7<span class=\"__1 _6\"></span>.135<span class=\"__1 _6\"></span> <span class=\"__1 _b5\"> </span>        1<span class=\"__1 _6\"></span>5.83<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _113\"> </span>          7.47<span class=\"__1 _6\"></span>1 <span class=\"__1 _55\"> </span>        17<span class=\"__1 _6\"></span>.937<span class=\"__1 _1bc\"> </span></span>8 \u2013 10<span class=\"__1 _3f\"> </span><span class=\"ff4 ls56\">          5<span class=\"__1 _6\"></span>.923<span class=\"__1 _6\"></span> <span class=\"__1 _51\"> </span>          7.825<span class=\"__1 _6\"></span> <span class=\"__1 _113\"> </span>          7.31<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _b5\"> </span>        12<span class=\"__1 _6\"></span>.35<span class=\"__1 _6\"></span>7<span class=\"__1 _1bc\"> </span></span>4 \u2013 7<span class=\"__1 _1b\"> </span><span class=\"ff4 ls56\">        11.17<span class=\"__1 _6\"></span>6 <span class=\"__1 _55\"> </span>        12<span class=\"__1 _6\"></span>.524<span class=\"__1 _6\"></span> <span class=\"__1 _113\"> </span>          8<span class=\"__1 _6\"></span>.018<span class=\"__1 _6\"></span> <span class=\"__1 _51\"> </span>          7.300<span class=\"__1 _1bc\"> </span></span>0 \u2013 3<span class=\"__1 _1b\"> </span><span class=\"ff4 ls56\">        18.07<span class=\"__1 _6\"></span>2 <span class=\"__1 _55\"> </span>        19<span class=\"__1 _6\"></span>.677<span class=\"__1 _6\"></span> <span class=\"__1 _159\"> </span>        21<span class=\"__1 _6\"></span>.336<span class=\"__1 _6\"></span> <span class=\"__1 _b5\"> </span>        1<span class=\"__1 _6\"></span>8.15<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span></span>Det<span class=\"__1 _70\"></span>eri<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span>o a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>os<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>bi<span class=\"__1 _8\"></span>ol<span class=\"__1 _6\"></span>\u00f3<span class=\"__1 _6\"></span>gi<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>os                 -   <span class=\"__1 _150\"> </span>         (3<span class=\"__1 _6\"></span>.60<span class=\"__1 _6\"></span>4)<span class=\"__1 _134\"> </span>                 -   <span class=\"__1 _cb\"> </span>         (2.60<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span>49<span class=\"__1 _6\"></span>.190<span class=\"__1 _f9\"> </span>67<span class=\"__1 _6\"></span>.111<span class=\"__1 _16\"> </span>4<span class=\"__1 _6\"></span>7.44<span class=\"__1 _6\"></span>9<span class=\"__1 _80\"> </span>6<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.531<span class=\"__1 _1bc\"> </span>(*) Supe<span class=\"__1 _5\"></span>rfi<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span> pa<span class=\"__1 _6\"></span>tr<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>moni<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span> pl<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>nta<span class=\"__1 _6\"></span>da<span class=\"__1 _1bc\"> </span>Pen\u00edns<span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span> I<span class=\"__1 _6\"></span>b\u00e9ri<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _5\"></span>\u00f1o 2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>23<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _5\"></span>\u00f1o 2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>22<span class=\"__1 _1bc\"> </span>Val<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span> Ne<span class=\"__1 _70\"></span>to<span class=\"__1 _1bc\"> </span>Conta<span class=\"__1 _6\"></span>bl<span class=\"__1 _8\"></span>e e<span class=\"__1 _70\"></span>n<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> \u20ac<span class=\"__1 _1bc\"> </span>Val<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span> Ne<span class=\"__1 _70\"></span>to<span class=\"__1 _1bc\"> </span>Conta<span class=\"__1 _6\"></span>bl<span class=\"__1 _8\"></span>e e<span class=\"__1 _70\"></span>n<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> \u20ac<span class=\"__1 _1bc\"> </span>He<span class=\"__1 _5\"></span>ct\u00e1<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>eas<span class=\"__1 _8\"></span> (*)<span class=\"__1 _1bc\"> </span>He<span class=\"__1 _5\"></span>ct\u00e1<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>eas<span class=\"__1 _8\"></span> (*)<span class=\"__1 _1bc\"> </span>19.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Deterioro de activos no financieros<span class=\"__1 _1bc\"> </span></span></span>Se detallan a continu<span class=\"__1 _6\"></span>aci\u00f3n los deterioros s<span class=\"__1 _6\"></span>obre activos n<span class=\"__1 _6\"></span>o financieros al 31 de diciembre <span class=\"__1 _6\"></span>de 202<span class=\"__1 _6\"></span>3 y 2022<span class=\"__1 _6\"></span>:<span class=\"__1 _1bc\"> </span>(*) Los impactos recogidos bajo el t\u00edtulo \u201cConcesi\u00f3n Administrativa Pontevedra\u201d se desgl<span class=\"__1 _5\"></span>osan en la Nota 31<span class=\"__1 _6\"></span><span class=\"ff4\">.<span class=\"__1 _1bc\"> </span></span>N<span class=\"__1 _5\"></span>ota<span class=\"__1 _6\"></span>s<span class=\"__1 _106\"> </span>01<span class=\"__1 _6\"></span>/01<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>23<span class=\"__1 _12c\"> </span>Dota<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3<span class=\"__1 _6\"></span>n a<span class=\"__1 _1bc\"> </span>s<span class=\"__1 _8\"></span>u fi<span class=\"__1 _8\"></span>na<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>da<span class=\"__1 _6\"></span>d<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _70\"></span>v<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>rs<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span> y<span class=\"__1 _1bc\"> </span>otros<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/20<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>Fondo<span class=\"__1 _6\"></span> de come<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _88\"> </span><span class=\"ls57\">15<span class=\"__1 _92\"> </span></span>2<span class=\"__1 _6\"></span>.73<span class=\"__1 _6\"></span>7<span class=\"__1 _e5\"> </span>-<span class=\"__1 _160\"> </span>-<span class=\"__1 _91\"> </span>-<span class=\"__1 _99\"> </span>2.73<span class=\"__1 _6\"></span>7<span class=\"__1 _1bc\"> </span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _8\"></span>vos<span class=\"__1 _8\"></span> i<span class=\"__1 _8\"></span>nta<span class=\"__1 _6\"></span>ngi<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _10c\"> </span><span class=\"ls57\">15<span class=\"__1 _74\"> </span></span>3.60<span class=\"__1 _6\"></span>0<span class=\"__1 _e5\"> </span>-<span class=\"__1 _160\"> </span>-<span class=\"__1 _9c\"> </span><span class=\"ls57\">12<span class=\"__1 _99\"> </span></span>3.6<span class=\"__1 _6\"></span>12<span class=\"__1 _1bc\"> </span>Pr<span class=\"__1 _6\"></span>op<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>da<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>, pl<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>nta<span class=\"__1 _6\"></span> y <span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>qui<span class=\"__1 _8\"></span>po<span class=\"__1 _154\"> </span><span class=\"ls57\">16<span class=\"__1 _1f\"> </span></span>4<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.11<span class=\"__1 _6\"></span>6<span class=\"__1 _15\"> </span>2<span class=\"__1 _6\"></span>.85<span class=\"__1 _6\"></span>3<span class=\"__1 _e7\"> </span>-<span class=\"__1 _16\"> </span>(1<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.55<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>)<span class=\"__1 _a2\"> </span>3<span class=\"__1 _6\"></span>2.4<span class=\"__1 _6\"></span>17<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _70\"></span>c<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>vos<span class=\"__1 _8\"></span> bi<span class=\"__1 _8\"></span>ol<span class=\"__1 _8\"></span>\u00f3gi<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>os<span class=\"__1 _dc\"> </span><span class=\"ls57\">18<span class=\"__1 _92\"> </span></span>2.6<span class=\"__1 _6\"></span>04<span class=\"__1 _2f\"> </span>1<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>0<span class=\"__1 _160\"> </span>-<span class=\"__1 _91\"> </span>-<span class=\"__1 _99\"> </span>3<span class=\"__1 _6\"></span>.60<span class=\"__1 _6\"></span>4<span class=\"__1 _1bc\"> </span>Exi<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>te<span class=\"__1 _5\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>ues<span class=\"__1 _6\"></span>tos<span class=\"__1 _1bc\"> </span>20<span class=\"__1 _1f\"> </span><span class=\"ls0_1\">11<span class=\"__1 _6\"></span>.89<span class=\"__1 _6\"></span>8<span class=\"__1 _105\"> </span></span>934<span class=\"__1 _61\"> </span><span class=\"ls0_1\">(79<span class=\"__1 _6\"></span>)<span class=\"__1 _82\"> </span></span>436<span class=\"__1 _a2\"> </span><span class=\"ls0_1\">1<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.18<span class=\"__1 _6\"></span>9<span class=\"__1 _1bc\"> </span></span>VN<span class=\"__1 _70\"></span>R y O<span class=\"__1 _6\"></span>tros<span class=\"__1 _1bc\"> </span>20<span class=\"__1 _92\"> </span><span class=\"ls0_1\">1<span class=\"__1 _6\"></span>.84<span class=\"__1 _6\"></span>1<span class=\"__1 _15\"> </span>7<span class=\"__1 _6\"></span>.76<span class=\"__1 _6\"></span>6<span class=\"__1 _29\"> </span>(3<span class=\"__1 _6\"></span>35<span class=\"__1 _6\"></span>)<span class=\"__1 _1f\"> </span>(9<span class=\"__1 _6\"></span>.10<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>)<span class=\"__1 _92\"> </span></span>165<span class=\"__1 _1bc\"> </span>65<span class=\"__1 _6\"></span>.79<span class=\"__1 _6\"></span>6<span class=\"__1 _af\"> </span>12<span class=\"__1 _6\"></span>.553<span class=\"__1 _29\"> </span>(4<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>)<span class=\"__1 _16\"> </span>(22<span class=\"__1 _6\"></span>.21<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>)<span class=\"__1 _25\"> </span>5<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.72<span class=\"__1 _6\"></span>4<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> e<span class=\"__1 _5\"></span>ur<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>Not<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _a8\"> </span>01<span class=\"__1 _6\"></span>/0<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>/20<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>Conc<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _1bc\"> </span>a<span class=\"__1 _6\"></span>dmi<span class=\"__1 _8\"></span>ni<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>tra<span class=\"__1 _8\"></span>ti<span class=\"__1 _6\"></span>va<span class=\"__1 _1bc\"> </span>Pon<span class=\"__1 _6\"></span>te<span class=\"__1 _70\"></span>vedraDota<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _5\"></span>pl<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ca<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n a<span class=\"__1 _8\"></span> s<span class=\"__1 _6\"></span>u<span class=\"__1 _1bc\"> </span>fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>da<span class=\"__1 _8\"></span>d<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>ve<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>nes<span class=\"__1 _6\"></span> y<span class=\"__1 _1bc\"> </span>otrosTra<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>pa<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/20<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>Fondo<span class=\"__1 _6\"></span> de come<span class=\"__1 _5\"></span>rc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _14e\"> </span><span class=\"ls58\">15<span class=\"__1 _ee\"> </span></span>1<span class=\"__1 _6\"></span>.24<span class=\"__1 _6\"></span>4<span class=\"__1 _e7\"> </span>-<span class=\"__1 _16\"> </span>1.49<span class=\"__1 _6\"></span>3<span class=\"__1 _11b\"> </span>-<span class=\"__1 _82\"> </span>-<span class=\"__1 _1d\"> </span>-<span class=\"__1 _16\"> </span>2<span class=\"__1 _6\"></span>.73<span class=\"__1 _6\"></span>7<span class=\"__1 _1bc\"> </span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vo<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>n<span class=\"__1 _6\"></span>tan<span class=\"__1 _6\"></span>gi<span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _7e\"> </span><span class=\"ls58\">15<span class=\"__1 _ee\"> </span></span>6<span class=\"__1 _6\"></span>.07<span class=\"__1 _6\"></span>0<span class=\"__1 _4d\"> </span>(2<span class=\"__1 _6\"></span>.386<span class=\"__1 _6\"></span>)<span class=\"__1 _82\"> </span>-<span class=\"__1 _85\"> </span>-<span class=\"__1 _82\"> </span>-<span class=\"__1 _161\"> </span>(84<span class=\"__1 _6\"></span>)<span class=\"__1 _16\"> </span>3<span class=\"__1 _6\"></span>.60<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span>Pr<span class=\"__1 _6\"></span>op<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>, pl<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>nta<span class=\"__1 _6\"></span> y equi<span class=\"__1 _8\"></span>po<span class=\"__1 _33\"> </span><span class=\"ls58\">16<span class=\"__1 _25\"> </span></span>203<span class=\"__1 _6\"></span>.71<span class=\"__1 _6\"></span>9<span class=\"__1 _fc\"> </span>(18<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.54<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>)<span class=\"__1 _59\"> </span>3<span class=\"__1 _6\"></span>8.2<span class=\"__1 _6\"></span>92<span class=\"__1 _25\"> </span>(1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.33<span class=\"__1 _6\"></span>0)<span class=\"__1 _18\"> </span>(1<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>)<span class=\"__1 _101\"> </span>(4<span class=\"__1 _6\"></span>.84<span class=\"__1 _6\"></span>4)<span class=\"__1 _59\"> </span>4<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.11<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vos<span class=\"__1 _8\"></span> bi<span class=\"__1 _8\"></span>ol<span class=\"__1 _8\"></span>\u00f3gi<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>os<span class=\"__1 _9e\"> </span><span class=\"ls58\">18<span class=\"__1 _fd\"> </span></span>4<span class=\"__1 _6\"></span>.53<span class=\"__1 _6\"></span>9<span class=\"__1 _4d\"> </span>(2<span class=\"__1 _6\"></span>.47<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>)<span class=\"__1 _16\"> </span>1<span class=\"__1 _6\"></span>.000<span class=\"__1 _f\"> </span>(45<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>)<span class=\"__1 _82\"> </span>-<span class=\"__1 _162\"> </span>-<span class=\"__1 _16\"> </span>2.60<span class=\"__1 _6\"></span>4<span class=\"__1 _1bc\"> </span>Exi<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>te<span class=\"__1 _5\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>pues<span class=\"__1 _6\"></span>tos<span class=\"__1 _1bc\"> </span>20<span class=\"__1 _8b\"> </span><span class=\"ls0_1\">1<span class=\"__1 _6\"></span>8.77<span class=\"__1 _6\"></span>4<span class=\"__1 _4d\"> </span>(2<span class=\"__1 _6\"></span>.92<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>)<span class=\"__1 _16\"> </span>1<span class=\"__1 _6\"></span>.02<span class=\"__1 _6\"></span>2<span class=\"__1 _6e\"> </span>(4.96<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>)<span class=\"__1 _162\"> </span>-<span class=\"__1 _82\"> </span>-<span class=\"__1 _5a\"> </span>1<span class=\"__1 _6\"></span>1.8<span class=\"__1 _6\"></span>98<span class=\"__1 _1bc\"> </span></span>VN<span class=\"__1 _70\"></span>R y O<span class=\"__1 _6\"></span>tros<span class=\"__1 _1bc\"> </span>20<span class=\"__1 _162\"> </span>42<span class=\"__1 _160\"> </span><span class=\"ls0_1\">-<span class=\"__1 _16\"> </span>1.7<span class=\"__1 _6\"></span>99<span class=\"__1 _11b\"> </span>-<span class=\"__1 _162\"> </span>-<span class=\"__1 _82\"> </span>-<span class=\"__1 _4d\"> </span>1<span class=\"__1 _6\"></span>.84<span class=\"__1 _6\"></span>1<span class=\"__1 _1bc\"> </span></span>23<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>.388<span class=\"__1 _fc\"> </span>(1<span class=\"__1 _6\"></span>89<span class=\"__1 _6\"></span>.34<span class=\"__1 _6\"></span>2)<span class=\"__1 _59\"> </span>4<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.606<span class=\"__1 _25\"> </span>(1<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>75<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>)<span class=\"__1 _18\"> </span>(17<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>)<span class=\"__1 _101\"> </span>(4.92<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>)<span class=\"__1 _5a\"> </span>6<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.796<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de e<span class=\"__1 _5\"></span>ur<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _5\"></span>di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span>/ Dota<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _1bc\"> </span><div class=\"c_1 w2_1 h58 gs128\"><div class=\"t_1 m0_1 x1f h8_1 y1ef ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Asimismo, <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>detalle <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>ep\u00edgrafe <span class=\"__1 _4\"></span>\u201cDeterioro <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>valo<span class=\"__1 _6\"></span>r <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>resultados <span class=\"__1 _4\"></span>por <span class=\"__1 _4\"></span>enajenaci\u00f3n <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>inmovilizado\u201d <span class=\"__1 _4\"></span>del </div><div class=\"t_1 m0_1 x1f h8_1 y1f0 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Estado de Resultad<span class=\"__1 _6\"></span>o Cons<span class=\"__1 _6\"></span>olidado al 31 de diciembre d<span class=\"__1 _6\"></span>e 2023 y 2022 se d<span class=\"__1 _6\"></span>esglosa del siguient<span class=\"__1 _6\"></span>e modo:<span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x40 h8_1 yb51 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x1f h8_1 y3b0 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El Grupo <span class=\"__1 _6\"></span>ha <span class=\"__1 _6\"></span>realizado test <span class=\"__1 _6\"></span>de deterioro <span class=\"__1 _6\"></span>asociados <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>estos activos, <span class=\"__1 _6\"></span>considerando <span class=\"__1 _6\"></span>los criterios <span class=\"__1 _6\"></span>y metodolog\u00eda </div><div class=\"t_1 m0_1 x1f h8_1 y4a5 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">descritos en <span class=\"__1 _5\"></span>la nota <span class=\"__1 _5\"></span>3.5 y <span class=\"__1 _5\"></span>en apartado siguiente. En <span class=\"__1 _70\"></span>la determinaci\u00f3n del valor <span class=\"__1 _70\"></span>en uso, se han lle<span class=\"__1 _5\"></span>vado a cab<span class=\"__1 _5\"></span>o </div><div class=\"t_1 m0_1 x1f h8_1 y4a6 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">proyecciones de <span class=\"__1 _5\"></span>los <span class=\"__1 _5\"></span>flujos de <span class=\"__1 _70\"></span>caja esperados <span class=\"__1 _5\"></span>hasta el <span class=\"__1 _70\"></span>final de <span class=\"__1 _70\"></span>la vida <span class=\"__1 _70\"></span>de cada U<span class=\"__1 _5\"></span>nidad Generadora<span class=\"__1 _6\"></span> de <span class=\"__1 _70\"></span>Efectivo </div><div class=\"t_1 m0_1 x1f h8_1 yb52 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(UGE), <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>in <span class=\"__1 _5\"></span>considerar valor <span class=\"__1 _70\"></span>terminal<span class=\"__1 _6\"></span>. Las <span class=\"__1 _70\"></span>proy<span class=\"__1 _6\"></span>ecciones <span class=\"__1 _70\"></span>in<span class=\"__1 _6\"></span>corporan<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>h<span class=\"__1 _6\"></span>ip\u00f3tesis sobre <span class=\"__1 _70\"></span>generaci\u00f3n, costes <span class=\"__1 _70\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>otras </div><div class=\"t_1 m0_1 x1f h8_1 yb53 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">variables fundamentales <span class=\"__1 _70\"></span>so<span class=\"__1 _6\"></span>portadas por<span class=\"__1 _5\"></span> <span class=\"__1 _5\"></span>estudios e<span class=\"__1 _5\"></span>spec\u00edficos realizados <span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>or <span class=\"__1 _5\"></span>expertos o<span class=\"__1 _70\"></span> por <span class=\"__1 _70\"></span>datos<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>hist\u00f3ricos, </div><div class=\"t_1 m0_1 x1f h8_1 y2de ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">hip\u00f3tesis <span class=\"__1 _c8\"></span>sobre <span class=\"__1 _c8\"></span>precios <span class=\"__1 _c8\"> </span>futuros <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"></span>la <span class=\"__1 _4\"></span>energ\u00eda <span class=\"__1 _c8\"> </span>bas<span class=\"__1 _6\"></span>adas <span class=\"__1 _c8\"></span>en <span class=\"__1 _4\"></span>la <span class=\"__1 _c8\"></span>informaci\u00f3n <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>isponible <span class=\"__1 _c8\"> </span>en <span class=\"__1 _4\"></span>los <span class=\"__1 _c8\"> </span>mercados <span class=\"__1 _c8\"> </span>de </div><div class=\"t_1 m0_1 x1f h8_1 y2df ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">futuros, <span class=\"__1 _cf\"> </span>e <span class=\"__1 _cf\"> </span>hip\u00f3tesis<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>s<span class=\"__1 _6\"></span>obre <span class=\"__1 _cf\"> </span>datos <span class=\"__1 _cf\"> </span>macroecon\u00f3micos <span class=\"__1 _cc\"> </span>basadas <span class=\"__1 _cf\"> </span>en <span class=\"__1 _cf\"> </span>los <span class=\"__1 _cf\"> </span>dat<span class=\"__1 _6\"></span>os <span class=\"__1 _cf\"> </span>aportados <span class=\"__1 _cf\"> </span>po<span class=\"__1 _6\"></span>r <span class=\"__1 _ce\"> </span>fuentes </div><div class=\"t_1 m0_1 x1f h8_1 y2e0 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">especializadas ind<span class=\"__1 _6\"></span>ependientes.<span class=\"__1 _6\"></span>  </div><div class=\"t_1 m0_1 x1f h8_1 yb54 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Al cie<span class=\"__1 _6\"></span>rre d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>l<span class=\"ls19\">os</span> <span class=\"__1 _6\"></span>ejercicios<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>2023 <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>2022 <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>Grupo <span class=\"__1 _6\"></span>ha <span class=\"__1 _6\"></span>ll<span class=\"__1 _6\"></span>evado <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>cabo <span class=\"__1 _6\"></span>tes<span class=\"__1 _6\"></span>t <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>deterioro <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>instalaciones <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e </div><div class=\"t_1 m0_1 x1f h8_1 yb55 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">generaci\u00f3n de energ\u00eda renovable con biomasa y gas encuadradas<span class=\"__1 _6\"></span> en ENCE Renovables, como <span class=\"__1 _5\"></span>consecuencia </div><div class=\"t_1 m0_1 x1f h8_1 yb56 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>evoluci\u00f3n <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>precios <span class=\"__1 _8\"></span>a <span class=\"__1 _4\"></span>futuro <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>energ\u00eda <span class=\"__1 _4\"></span>re<span class=\"__1 _5\"></span>novable, <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>cambios <span class=\"__1 _4\"></span>que <span class=\"__1 _8\"></span>se <span class=\"__1 _4\"></span>han <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>roducido <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>el<span class=\"__1 _70\"></span> </div><div class=\"t_1 m0_1 x1f h8_1 yb57 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">entorno <span class=\"__1 _8\"></span>regulatorio<span class=\"ls11\">, <span class=\"__1 _6\"></span></span>y <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>evoluci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>variables <span class=\"__1 _8\"></span>macroecon\u00f3micas <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>inflaci\u00f3n <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>los tip<span class=\"__1 _6\"></span>os <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>inter\u00e9s, </div><div class=\"t_1 m0_1 x1f h8_1 y360 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">elementos <span class=\"__1 _c6\"> </span>considerad<span class=\"__1 _6\"></span>os <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c6\"> </span>la <span class=\"__1 _c6\"> </span>evaluaci\u00f3n <span class=\"__1 _ca\"> </span>de <span class=\"__1 _c6\"> </span>posibles <span class=\"__1 _c6\"> </span>indicios <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>deterioro.  El <span class=\"__1 _c6\"> </span>Negocio <span class=\"__1 _c6\"> </span>Celulos<span class=\"__1 _6\"></span>a <span class=\"__1 _c6\"> </span>es <span class=\"__1 _c6\"> </span>un </div><div class=\"t_1 m0_1 x1f h8_1 y361 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">negocio c\u00edclico <span class=\"__1 _6\"></span>por <span class=\"__1 _6\"></span>lo qu<span class=\"__1 _6\"></span>e en <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>evaluaci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>la existencia <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>indicios <span class=\"__1 _6\"></span>de deterioro <span class=\"__1 _8\"></span>se co<span class=\"__1 _6\"></span>nsideran<span class=\"__1 _6\"></span> periodos </div><div class=\"t_1 m0_1 x1f h8_1 y2e5 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">superiores <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>a\u00f1o. <span class=\"__1 _6\"></span>E<span class=\"__1 _6\"></span>n <span class=\"__1 _6\"></span>este <span class=\"__1 _6\"></span>contexto, <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>previs<span class=\"__1 _6\"></span>iones <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>precios <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>mercado <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>celul<span class=\"__1 _6\"></span>osa <span class=\"__1 _6\"></span>cons<span class=\"__1 _6\"></span>ideradas </div><div class=\"t_1 m0_1 x1f h8_1 y970 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">por <span class=\"__1 _c8\"></span>los <span class=\"__1 _4\"></span>an<span class=\"__1 _6\"></span>alistas <span class=\"__1 _c8\"></span>especializados <span class=\"__1 _c8\"></span>en <span class=\"__1 _4\"></span>el<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>sector, <span class=\"__1 _4\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _4\"></span>mues<span class=\"__1 _6\"></span>tran <span class=\"__1 _4\"></span>u<span class=\"__1 _6\"></span>n <span class=\"__1 _4\"></span>inc<span class=\"__1 _6\"></span>remento <span class=\"__1 _c8\"></span>significativo <span class=\"__1 _c8\"></span>desde <span class=\"__1 _c8\"></span>el <span class=\"__1 _4\"></span>\u00faltimo </div><div class=\"t_1 m0_1 x1f h8_1 y364 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">trimestre del a\u00f1o 2023, conjuntamente con nuestra estimaci\u00f3n de costes de producci\u00f3n e<span class=\"__1 _5\"></span>n el medio plazo, </div><div class=\"t_1 m0_1 x1f h8_1 y365 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">no ponen d<span class=\"__1 _6\"></span>e manifiesto indicios de d<span class=\"__1 _6\"></span>eterioro de valor las d<span class=\"__1 _6\"></span>istintas UGE\u00b4s de este negocio.<span class=\"__1 _8\"></span> </div><div class=\"t_1 m0_1 x1f h8_1 y972 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Como resultado<span class=\"__1 _6\"></span> de dicho<span class=\"__1 _6\"></span> an\u00e1lisis, <span class=\"__1 _6\"></span>en el ejercicio 2022, <span class=\"__1 _6\"></span>teniend<span class=\"__1 _6\"></span>o en consideraci\u00f3n la<span class=\"__1 _6\"></span> regulaci\u00f3n ap<span class=\"__1 _6\"></span>licable al </div><div class=\"t_1 m0_1 x1f h8_1 y973 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">sector el\u00e9ctrico <span class=\"__1 _5\"></span>vigente, se reconocieron deterioros <span class=\"__1 _5\"></span>asociad<span class=\"__1 _6\"></span>os a <span class=\"__1 _5\"></span>las instalaciones Huelva 41 MW, <span class=\"__1 _70\"></span>JA 16MW, </div><div class=\"t_1 m0_1 x1f h8_1 y368 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">CR <span class=\"__1 _8\"></span>16 <span class=\"__1 _4\"></span>MW <span class=\"__1 _8\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>CO <span class=\"__1 _8\"></span>27 <span class=\"__1 _4\"></span>MW <span class=\"__1 _4\"></span>por <span class=\"__1 _8\"></span>u<span class=\"__1 _6\"></span>n <span class=\"__1 _4\"></span><span class=\"ff6\">importe <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>38.291 <span class=\"__1 _8\"></span>mil<span class=\"__1 _6\"></span>es <span class=\"__1 _4\"></span>\u20ac, <span class=\"__1 _8\"></span></span>con<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>cargo<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>al <span class=\"__1 _8\"></span><span class=\"ff6\">ep\u00edgrafe <span class=\"__1 _4\"></span>\u201cDeterioros <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>valor <span class=\"__1 _4\"></span>y </span></div><div class=\"t_1 m0_1 x1f h8_1 y369 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">resultados por enajenaci\u00f3<span class=\"__1 _6\"></span>n de inmovilizado\u201d del Estado de Resultado Cons<span class=\"__1 _6\"></span>olidado<span class=\"__1 _8\"></span><span class=\"ff4\">. Dicho deterioro incluye </span></div><div class=\"t_1 m0_1 x1f h8_1 yb58 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">un importe <span class=\"__1 _6\"></span>de 1.3<span class=\"__1 _6\"></span>68 miles <span class=\"__1 _6\"></span>\u20ac q<span class=\"__1 _6\"></span>ue <span class=\"__1 _6\"></span>se correspo<span class=\"__1 _6\"></span>nde con <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>fondo d<span class=\"__1 _6\"></span>e comercio <span class=\"__1 _6\"></span>remanente <span class=\"__1 _6\"></span>de las<span class=\"__1 _6\"></span> ins<span class=\"__1 _6\"></span>talaciones </div><div class=\"t_1 m0_1 x1f h8_1 yb59 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">JA 16MW y CR 16 MW (v<span class=\"__1 _6\"></span>\u00e9ase Nota 16<span class=\"__1 _6\"></span>).   </div><div class=\"t_1 m0_1 x1f h8_1 y37f ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Por su parte, <span class=\"__1 _6\"></span>en el ejercicio 2<span class=\"__1 _6\"></span>023 se han rev<span class=\"__1 _6\"></span>ertido deterioros<span class=\"__1 _6\"></span> dotados<span class=\"__1 _6\"></span> en el ejercicio 202<span class=\"__1 _6\"></span>2 y asociad<span class=\"__1 _6\"></span>os a las </div><div class=\"t_1 m0_1 x1f h8_1 yb5a ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">instalaciones <span class=\"__1 _4\"></span>Huelva <span class=\"__1 _4\"></span>41 <span class=\"__1 _4\"></span>MW <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>CO <span class=\"__1 _4\"></span>27 <span class=\"__1 _4\"></span>MW <span class=\"__1 _4\"></span><span class=\"ff6\">en <span class=\"__1 _4\"></span>un <span class=\"__1 _4\"></span>importe <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>13.445 <span class=\"__1 _4\"></span>miles <span class=\"__1 _4\"></span>\u20ac</span>, <span class=\"__1 _4\"></span>debido <span class=\"__1 _4\"></span>principalmente <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>la </div><div class=\"t_1 m0_1 x1f h8_1 yb5b ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">evoluci\u00f3n <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c6\"> </span>los  precios <span class=\"__1 _c6\"> </span>regulatorios <span class=\"__1 _ca\"> </span>y <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>mercado <span class=\"__1 _ca\"> </span>del <span class=\"__1 _c6\"> </span>pool  y <span class=\"__1 _c8\"> </span>su  im<span class=\"__1 _5\"></span>pacto <span class=\"__1 _c6\"> </span>en  el <span class=\"__1 _c8\"> </span>Vajdm <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c6\"> </span>las <span class=\"__1 _ca\"> </span>UGE\u00b4s<span class=\"__1 _6\"></span><span class=\"ls59\">, </span></div><div class=\"t_1 m0_1 x1f h8_1 y382 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">resultando  un  valor <span class=\"__1 _c6\"> </span>en  libros  tras  dicha  re<span class=\"__1 _5\"></span>versi\u00f3n  de  13.931<span class=\"__1 _5\"></span>  miles <span class=\"__1 _ca\"> </span>\u20ac<span class=\"__1 _6\"></span><span class=\"ff4\">.  Adicionalmente  se  han <span class=\"__1 _ca\"> </span>dotado </span></div><div class=\"t_1 m0_1 x1f h8_1 yb5c ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">deterioros adicionales <span class=\"__1 _70\"></span>aso<span class=\"__1 _6\"></span>ciados a <span class=\"__1 _70\"></span>las plantas <span class=\"__1 _5\"></span>JA <span class=\"__1 _5\"></span>16MW <span class=\"__1 _5\"></span>y <span class=\"__1 _5\"></span>CR <span class=\"__1 _70\"></span>16 MW <span class=\"__1 _70\"></span>en un <span class=\"__1 _70\"></span>imp<span class=\"ff6\">orte de <span class=\"__1 _5\"></span>2.853 <span class=\"__1 _5\"></span>miles <span class=\"__1 _70\"></span>\u20ac, <span class=\"ff4\">debido </span></span></div><div class=\"t_1 m0_1 x1f h8_1 yb5d ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">principalmente a <span class=\"__1 _70\"></span>la evoluci\u00f3n de <span class=\"__1 _70\"></span>los<span class=\"__1 _6\"></span> costes <span class=\"__1 _70\"></span>del combustible para <span class=\"__1 _70\"></span>el que est<span class=\"__1 _5\"></span>\u00e1n dise\u00f1adas <span class=\"__1 _5\"></span>estas in<span class=\"__1 _5\"></span>stalaciones<span class=\"__1 _6\"></span><span class=\"ls59\">, </span></div><div class=\"t_1 m0_1 x1f h8_1 yb5e ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">siendo su valor <span class=\"__1 _6\"></span>en libros tras dicha dota<span class=\"__1 _6\"></span>ci\u00f3n de 2.165 miles \u20ac<span class=\"__1 _6\"></span><span class=\"ff4\">. </span></div></div><div class=\"c_1 w11c h1c3 gs129\"><div class=\"t_1 m2f x9 h1c4 yb60 ff4 fs3f fc0_1 sc0_1 ls0_1 ws0_1\">Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _4\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> de E<span class=\"__1 _70\"></span>ur<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>s<span class=\"__1 _151\"> </span>N<span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span>tas<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w11d h1c5 gs12a\"><div class=\"t_1 m2f x3f h1c4 yb62 ff4 fs3f fc0_1 sc0_1 ls0_1 ws0_1\">De<span class=\"__1 _70\"></span>te<span class=\"__1 _5\"></span>ri<span class=\"__1 _4\"></span>oros<span class=\"__1 _8\"></span> de </div><div class=\"t_1 m2f x21 h1c4 yb63 ff4 fs3f fc0_1 sc0_1 ls0_1 ws0_1\">va<span class=\"__1 _6\"></span>l<span class=\"__1 _4\"></span>or (*)<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w11e h1c5 gs12b\"><div class=\"t_1 m2f x9 h1c4 yb62 ff4 fs3f fc0_1 sc0_1 ls0_1 ws0_1\">Re<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>ul<span class=\"__1 _4\"></span>t<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span>dos<span class=\"__1 _8\"></span> por<span class=\"__1 _6\"></span> </div><div class=\"t_1 m2f x76 h1c4 yb65 ff4 fs3f fc0_1 sc0_1 ls0_1 ws0_1\">ba<span class=\"__1 _8\"></span>j<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span> y vent<span class=\"__1 _5\"></span>a<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w11c h1c3 gs129\"><div class=\"t_1 m2f x106 h1c4 yb66 ff4 fs3f fc0_1 sc0_1 ls0_1 ws0_1\">Tot<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span>l<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w11d h1c5 gs12c\"><div class=\"t_1 m2f x3f h1c4 yb62 ff4 fs3f fc0_1 sc0_1 ls0_1 ws0_1\">De<span class=\"__1 _70\"></span>te<span class=\"__1 _5\"></span>ri<span class=\"__1 _4\"></span>oros<span class=\"__1 _8\"></span> de </div><div class=\"t_1 m2f x2d h1c4 yb63 ff4 fs3f fc0_1 sc0_1 ls0_1 ws0_1\">va<span class=\"__1 _6\"></span>l<span class=\"__1 _4\"></span>or<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w11d h1c5 gs12d\"><div class=\"t_1 m2f x76 h1c4 yb69 ff4 fs3f fc0_1 sc0_1 ls0_1 ws0_1\">Re<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>ul<span class=\"__1 _4\"></span>t<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span>dos<span class=\"__1 _8\"></span> </div><div class=\"t_1 m2f x14 h1c4 yb6a ff4 fs3f fc0_1 sc0_1 ls0_1 ws0_1\">por<span class=\"__1 _6\"></span> b<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>j<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span> y </div><div class=\"t_1 m2f x2d h1c4 yb6b ff4 fs3f fc0_1 sc0_1 ls0_1 ws0_1\">ve<span class=\"__1 _5\"></span>nta<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w11c h1c3 gs129\"><div class=\"t_1 m2f x107 h1c4 yb6c ff4 fs3f fc0_1 sc0_1 ls0_1 ws0_1\">Tot<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span>l<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w11f h1c6 gs12e\"><div class=\"t_1 m2f x9 h1c4 yb6e ff4 fs3f fc0_1 sc0_1 ls0_1 ws0_1\">Fondo<span class=\"__1 _6\"></span> de come<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _160\"> </span><span class=\"ls5a\">15<span class=\"__1 _163\"> </span></span>-<span class=\"__1 _d4\"> </span>-<span class=\"__1 _155\"> </span>-<span class=\"__1 _23\"> </span>1.49<span class=\"__1 _6\"></span>3<span class=\"__1 _85\"> </span>-<span class=\"__1 _23\"> </span>1.4<span class=\"__1 _6\"></span>93<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w11f h1c6 gs12f\"><div class=\"t_1 m2f x9 h1c4 yb6e ff4 fs3f fc0_1 sc0_1 ls0_1 ws0_1\">Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _8\"></span>vos<span class=\"__1 _8\"></span> i<span class=\"__1 _8\"></span>nta<span class=\"__1 _6\"></span>ngi<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>es<span class=\"__1 _103\"> </span><span class=\"ls5a\">15<span class=\"__1 _9e\"> </span></span>(13<span class=\"__1 _6\"></span>)<span class=\"__1 _d4\"> </span>-<span class=\"__1 _11\"> </span>(1<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>)<span class=\"__1 _e6\"> </span>(2<span class=\"__1 _6\"></span>.38<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>)<span class=\"__1 _155\"> </span>-<span class=\"__1 _e6\"> </span>(2<span class=\"__1 _6\"></span>.38<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w11f h1c7 gs130\"><div class=\"t_1 m2f x9 h1c4 yb71 ff4 fs3f fc0_1 sc0_1 ls0_1 ws0_1\">Pr<span class=\"__1 _6\"></span>op<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>da<span class=\"__1 _8\"></span>d, pl<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>t<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>y e<span class=\"__1 _5\"></span>qui<span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>o<span class=\"__1 _49\"> </span><span class=\"ls5a\">16<span class=\"__1 _41\"> </span></span>(10<span class=\"__1 _6\"></span>.67<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>)<span class=\"__1 _61\"> </span>1.86<span class=\"__1 _6\"></span>4<span class=\"__1 _53\"> </span>(8<span class=\"__1 _6\"></span>.81<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)<span class=\"__1 _eb\"> </span>(1<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.42<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>)<span class=\"__1 _23\"> </span>1<span class=\"__1 _6\"></span>.90<span class=\"__1 _6\"></span>5<span class=\"__1 _154\"> </span>(1<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>1.5<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>4)<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w11f h1c7 gs131\"><div class=\"t_1 m2f x9 h1c4 yb6e ff4 fs3f fc0_1 sc0_1 ls0_1 ws0_1\">A<span class=\"__1 _70\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _8\"></span>vos<span class=\"__1 _8\"></span> bi<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>\u00f3gi<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>os<span class=\"__1 _11b\"> </span><span class=\"ls5a\">18<span class=\"__1 _111\"> </span></span>1.00<span class=\"__1 _6\"></span>0<span class=\"__1 _91\"> </span>-<span class=\"__1 _4a\"> </span>1<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>0<span class=\"__1 _53\"> </span>(1<span class=\"__1 _6\"></span>.47<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>)<span class=\"__1 _155\"> </span>-<span class=\"__1 _e6\"> </span>(1<span class=\"__1 _6\"></span>.47<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w11f h1c6 gs132\"><div class=\"t_1 m2f x96 h1c8 yb74 ff3_1 fs3f fc0_1 sc0_1 ls0_1 ws0_1\">(9.68<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>)<span class=\"__1 _61\"> </span>1.864<span class=\"__1 _53\"> </span>(7<span class=\"__1 _6\"></span>.82<span class=\"__1 _6\"></span>3)<span class=\"__1 _154\"> </span>(14<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.801<span class=\"__1 _6\"></span>)<span class=\"__1 _23\"> </span>1<span class=\"__1 _6\"></span>.90<span class=\"__1 _6\"></span>5<span class=\"__1 _154\"> </span>(14<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.89<span class=\"__1 _6\"></span>6)<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w120 h1c9 gs133\"><div class=\"t_1 m2f x9 h1c4 yb76 ff4 fs3f fc0_1 sc0_1 ls0_1 ws0_1\">(*<span class=\"__1 _5\"></span>) Dota<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> y r<span class=\"__1 _6\"></span>eve<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>nes<span class=\"__1 _6\"></span> de de<span class=\"__1 _70\"></span>te<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span>. G<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>to / (I<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>gres<span class=\"__1 _6\"></span>o).<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w121 h1ca gs134\"><div class=\"t_1 m2f x31 h1c4 yb78 ff4 fs3f fc0_1 sc0_1 ls0_1 ws0_1\">A<span class=\"__1 _70\"></span>\u00f1<span class=\"__1 _6\"></span>o 2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w122 h1ca gs135\"><div class=\"t_1 m2f x24 h1c4 yb78 ff4 fs3f fc0_1 sc0_1 ls0_1 ws0_1\">A<span class=\"__1 _70\"></span>\u00f1<span class=\"__1 _6\"></span>o 2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span></div></div>El valor recuperable y el v<span class=\"__1 _6\"></span>alor n<span class=\"__1 _6\"></span>eto contable de las <span class=\"__1 _6\"></span>Unid<span class=\"__1 _6\"></span>ades Generadoras de E<span class=\"__1 _6\"></span>fectivo sob<span class=\"__1 _6\"></span>re las que se han<span class=\"__1 _1bc\"> </span>llevado a <span class=\"__1 _5\"></span>cabo <span class=\"__1 _5\"></span>test de <span class=\"__1 _70\"></span>deterioro en 2023 <span class=\"__1 _70\"></span>as<span class=\"__1 _6\"></span>cienden a<span class=\"__1 _5\"></span> 4<span class=\"ls12\">38</span> <span class=\"__1 _70\"></span><span class=\"ff6\">millones \u20ac y<span class=\"__1 _5\"></span> <span class=\"ff4 ls12\">358 <span class=\"__1 _70\"></span><span class=\"ff6 ls0_1\">millones<span class=\"__1 _6\"></span> \u20ac, <span class=\"__1 _70\"></span>respectivamente<span class=\"ff4\"> (445<span class=\"__1 _1bc\"> </span></span></span></span></span>millones \u20ac y 424 millones \u20ac,<span class=\"__1 _6\"></span> respectivamente, en 2<span class=\"__1 _6\"></span>022)<span class=\"ff4\">.<span class=\"ls5b\">  </span></span>19.1<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff8 fc3\">Deterioro. Metodolog\u00eda y <span class=\"__1 _5\"></span>principales hip\u00f3tesis<span class=\"__1 _1bc\"> </span></span></span>ENCE an<span class=\"__1 _6\"></span>aliza al <span class=\"__1 _6\"></span>menos <span class=\"__1 _6\"></span>anualmente si <span class=\"__1 _6\"></span>sus <span class=\"__1 _6\"></span>activos <span class=\"__1 _6\"></span>presentan <span class=\"__1 _6\"></span>indicios d<span class=\"__1 _6\"></span>e deterioro, <span class=\"__1 _6\"></span>en cu<span class=\"__1 _6\"></span>yo cas<span class=\"__1 _6\"></span>o realiza <span class=\"__1 _6\"></span>test<span class=\"__1 _1bc\"> </span>de deterioro <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e acuerdo <span class=\"__1 _5\"></span>con la metodolog\u00eda <span class=\"__1 _5\"></span>descrita en la <span class=\"__1 _70\"></span>N<span class=\"__1 _6\"></span>ota 3.5. <span class=\"__1 _5\"></span>Asimismo, realiza de <span class=\"__1 _5\"></span>forma sistem\u00e1tica<span class=\"__1 _1bc\"> </span>test de las Unidad<span class=\"__1 _6\"></span>es Generadoras<span class=\"__1 _6\"></span> de Efectivo (UGE\u00b4s) qu<span class=\"__1 _6\"></span>e incluyen fon<span class=\"__1 _6\"></span>do de comercio.<span class=\"__1 _1bc\"> </span>Las <span class=\"__1 _8\"></span>UGE <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>Grupo <span class=\"__1 _8\"></span>EN<span class=\"__1 _6\"></span>CE <span class=\"__1 _8\"></span>son <span class=\"__1 _8\"></span>cada <span class=\"__1 _8\"></span>una <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>bio<span class=\"__1 _6\"></span>-f\u00e1bricas<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>producci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>celulosa <span class=\"__1 _8\"></span>(d<span class=\"__1 _6\"></span>onde <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>incluye <span class=\"__1 _8\"></span>el<span class=\"__1 _1bc\"> </span>patrimonio <span class=\"__1 _6\"></span>foresta<span class=\"__1 _6\"></span>l <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>de<span class=\"__1 _6\"></span>stina <span class=\"__1 _8\"></span>a <span class=\"__1 _6\"></span>ser <span class=\"__1 _6\"></span>un<span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>sus <span class=\"__1 _6\"></span>fuentes <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>suminis<span class=\"__1 _6\"></span>tro) <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>las <span class=\"__1 _6\"></span>plantas<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>gen<span class=\"__1 _6\"></span>eraci<span class=\"__1 _8\"></span>\u00f3n <span class=\"__1 _8\"></span>de<span class=\"__1 _1bc\"> </span>energ\u00eda <span class=\"__1 _c8\"> </span>el\u00e9ctrica <span class=\"__1 _c6\"> </span>que <span class=\"__1 _c6\"> </span>opera <span class=\"__1 _c6\"> </span>el <span class=\"__1 _c8\"> </span>Grupo <span class=\"__1 _c6\"> </span>y <span class=\"__1 _c6\"> </span>que <span class=\"__1 _c6\"> </span>comparten <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c6\"> </span>misma <span class=\"__1 _c6\"> </span>ubicaci\u00f3n <span class=\"__1 _c6\"> </span>f\u00edsica, <span class=\"__1 _c8\"> </span>as<span class=\"__1 _6\"></span>\u00ed <span class=\"__1 _c8\"> </span>como <span class=\"__1 _c6\"> </span>los <span class=\"__1 _c8\"> </span>act<span class=\"__1 _6\"></span>ivos<span class=\"__1 _1bc\"> </span>biol\u00f3gicos <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>tienen <span class=\"__1 _6\"></span>como <span class=\"__1 _8\"></span>des<span class=\"__1 _6\"></span>tino <span class=\"__1 _8\"></span>su <span class=\"__1 _8\"></span>venta <span class=\"__1 _8\"></span>a <span class=\"__1 _6\"></span>terceros. <span class=\"__1 _8\"></span>Los <span class=\"__1 _8\"></span>activos <span class=\"__1 _8\"></span>por <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>erecho <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>uso <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>incluyen <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>la<span class=\"__1 _1bc\"> </span>UGE en la que est\u00e1n s<span class=\"__1 _6\"></span>iendo utilizados.<span class=\"__1 _1bc\"> </span>Las <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>royecciones <span class=\"__1 _6\"></span>utiliza<span class=\"__1 _6\"></span>das <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>los <span class=\"__1 _6\"></span>test <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>deterioro <span class=\"__1 _8\"></span>realiza<span class=\"__1 _6\"></span>dos <span class=\"__1 _8\"></span>al <span class=\"__1 _6\"></span>cierre <span class=\"__1 _6\"></span>del <span class=\"__1 _8\"></span>ejercicio <span class=\"__1 _6\"></span>2023 <span class=\"__1 _8\"></span>coinciden <span class=\"__1 _8\"></span>con <span class=\"__1 _6\"></span>la<span class=\"__1 _1bc\"> </span>mejor informaci\u00f3n pros<span class=\"__1 _6\"></span>pectiva de la qu<span class=\"__1 _6\"></span>e se dispone, y tiene en con<span class=\"__1 _6\"></span>sideraci\u00f3n las s<span class=\"__1 _6\"></span>iguientes hip\u00f3tesis:<span class=\"__1 _1bc\"> </span>Negocio producci\u00f3n en<span class=\"__1 _6\"></span>erg\u00eda reno<span class=\"__1 _6\"></span>vable con biomasa<span class=\"__1 _1bc\"> </span>Generaci\u00f3n <span class=\"__1 _c9\"> </span>de <span class=\"__1 _c9\"> </span>las <span class=\"__1 _c9\"> </span>instalaciones. <span class=\"__1 _c9\"> </span>Se <span class=\"__1 _c9\"> </span>han <span class=\"__1 _c9\"> </span>considerado <span class=\"__1 _c9\"> </span>h<span class=\"__1 _6\"></span>oras <span class=\"__1 _c9\"> </span>de <span class=\"__1 _c9\"> </span>funcionamiento <span class=\"__1 _c9\"> </span>en <span class=\"__1 _c9\"> </span>cada <span class=\"__1 _c9\"> </span>instalaci\u00f3n<span class=\"__1 _1bc\"> </span>coherentes con su<span class=\"__1 _6\"></span>s producciones his<span class=\"__1 _6\"></span>t\u00f3ricas.<span class=\"__1 _1bc\"> </span>Precio de venta. Se <span class=\"__1 _5\"></span>han considerado los precios del mercado <span class=\"__1 _5\"></span>de futuros disponibles, en el rango 80 <span class=\"ff6\">\u20ac/MWh<span class=\"__1 _1bc\"> </span></span>\u2013<span class=\"ff4\"> <span class=\"__1 _6\"></span><span class=\"ls12\">85</span></span>\u20ac/MWh<span class=\"ff4\"> <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>2024 <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>2025, <span class=\"__1 _6\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>precios <span class=\"__1 _8\"></span>a <span class=\"__1 _6\"></span>partir <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>202<span class=\"__1 _6\"></span>6 <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>rango <span class=\"__1 _8\"></span><span class=\"ls12\">50</span> <span class=\"__1 _8\"></span></span>\u20ac/MWh <span class=\"__1 _8\"></span>\u2013<span class=\"ff4\"> <span class=\"__1 _6\"></span><span class=\"ls5c\">64</span> <span class=\"__1 _6\"></span></span>\u20ac/MWh, <span class=\"__1 _8\"></span>as\u00ed <span class=\"__1 _6\"></span>como <span class=\"__1 _8\"></span>los<span class=\"__1 _1bc\"> </span>mecanismos de apoyo<span class=\"__1 _6\"></span> existes en la regulaci\u00f3n a<span class=\"__1 _6\"></span>ctual.<span class=\"__1 _1bc\"> </span>Costes d<span class=\"__1 _6\"></span>e operaci\u00f3n <span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>inversi\u00f3n. <span class=\"__1 _6\"></span>Se h<span class=\"__1 _6\"></span>an con<span class=\"__1 _6\"></span>siderado cos<span class=\"__1 _6\"></span>tes y<span class=\"__1 _6\"></span> capex <span class=\"__1 _6\"></span>de mantenimi<span class=\"__1 _6\"></span>ento coherentes <span class=\"__1 _6\"></span>con <span class=\"__1 _6\"></span>los<span class=\"__1 _1bc\"> </span>incurridos en los<span class=\"__1 _6\"></span> \u00faltimos a\u00f1os.<span class=\"__1 _1bc\"> </span>Costes de biomas<span class=\"__1 _6\"></span>a. Su evoluci\u00f3n<span class=\"__1 _6\"></span> consid<span class=\"__1 _6\"></span>era, entre otros,<span class=\"__1 _6\"></span> la variaci\u00f3n de los precios d<span class=\"__1 _6\"></span>e la energ\u00eda. Tasas de <span class=\"__1 _70\"></span>crecimiento e<span class=\"__1 _5\"></span>n <span class=\"__1 _5\"></span>el <span class=\"__1 _70\"></span>ran<span class=\"__1 _6\"></span>go <span class=\"__1 _5\"></span>del <span class=\"__1 _70\"></span>1<span class=\"__1 _6\"></span><span class=\"ls11\">,7<span class=\"ls5d\">% <span class=\"__1 _5\"></span><span class=\"ls0_1\">- <span class=\"__1 _70\"></span>2<span class=\"__1 _6\"></span><span class=\"ls5d\">% </span>(e<span class=\"__1 _5\"></span>xcepto para <span class=\"__1 _70\"></span>2024 donde <span class=\"__1 _70\"></span>se estima <span class=\"__1 _70\"></span>una tasa <span class=\"__1 _70\"></span>de crecimiento<span class=\"__1 _1bc\"> </span></span></span></span>del 3%) y tasas d<span class=\"__1 _6\"></span>e descuento antes d<span class=\"__1 _6\"></span>e impuestos del 7,4%.<span class=\"__1 _1bc\"> </span>Otros<span class=\"__1 _1bc\"> </span>Los <span class=\"__1 _c6\"> </span>repuestos <span class=\"__1 _c8\"> </span>del <span class=\"__1 _c6\"> </span>Grupo <span class=\"__1 _c8\"> </span>se <span class=\"__1 _c6\"> </span>deterioran <span class=\"__1 _c8\"> </span>at<span class=\"__1 _6\"></span>endiendo <span class=\"__1 _c8\"> </span>a <span class=\"__1 _c6\"> </span>su <span class=\"__1 _c6\"> </span>lenta <span class=\"__1 _c8\"> </span>rotaci\u00f3n. <span class=\"__1 _c6\"> </span>En <span class=\"__1 _c6\"> </span>este <span class=\"__1 _c8\"> </span>sentido, <span class=\"__1 _c6\"> </span>los <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>eterioros<span class=\"__1 _1bc\"> </span>comienzan <span class=\"__1 _c6\"> </span>a  reconocerse <span class=\"__1 _c6\"> </span>cu<span class=\"__1 _6\"></span>ando  el <span class=\"__1 _c6\"> </span>activo <span class=\"__1 _c6\"> </span>no<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>ha  presentado <span class=\"__1 _c6\"> </span>movimiento <span class=\"__1 _c6\"> </span>en  el <span class=\"__1 _c8\"> </span>\u00fa<span class=\"__1 _6\"></span>ltimo <span class=\"__1 _c6\"> </span>a\u00f1<span class=\"__1 _6\"></span>o, <span class=\"__1 _c6\"> </span>y  se <span class=\"__1 _c8\"> </span>v<span class=\"__1 _6\"></span>an<span class=\"__1 _1bc\"> </span>incrementando <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>forma <span class=\"__1 _6\"></span>lin<span class=\"__1 _6\"></span>eal <span class=\"__1 _6\"></span>h<span class=\"__1 _6\"></span>asta <span class=\"__1 _6\"></span>alcan<span class=\"__1 _6\"></span>zar <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>100% <span class=\"__1 _8\"></span>cuando <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>activo <span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>ha <span class=\"__1 _8\"></span>presentado <span class=\"__1 _6\"></span>movimiento <span class=\"__1 _8\"></span>en<span class=\"__1 _1bc\"> </span>los \u00faltimos cinco <span class=\"__1 _6\"></span>a\u00f1os. Asimismo, <span class=\"__1 _6\"></span>ENCE <span class=\"__1 _6\"></span>dota <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>eterioros <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>concepto <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>Valor <span class=\"__1 _6\"></span>N<span class=\"__1 _6\"></span>eto <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>Reali<span class=\"__1 _8\"></span>zaci\u00f3n <span class=\"__1 _6\"></span>(VNR) <span class=\"__1 _6\"></span>sobre <span class=\"__1 _8\"></span>sus <span class=\"__1 _6\"></span>existencias <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span>producto <span class=\"__1 _8\"></span>terminado <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>materias <span class=\"__1 _8\"></span>primas, <span class=\"__1 _6\"></span>cuando <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>precios <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>venta <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>celulosa, <span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>etos <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>descuento<span class=\"__1 _6\"></span>s y<span class=\"__1 _1bc\"> </span>costes comerciales y<span class=\"__1 _6\"></span> log\u00edsticos<span class=\"__1 _6\"></span>, se sit\u00faan<span class=\"__1 _6\"></span> por debajo d<span class=\"__1 _6\"></span>el coste de producci\u00f3n<span class=\"__1 _6\"></span>. <span class=\"__1 _6\"></span>As<span class=\"__1 _6\"></span>\u00ed, durante la p<span class=\"__1 _6\"></span>rimera part<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span>del <span class=\"__1 _6\"></span>ejer<span class=\"__1 _6\"></span>cicio <span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>023 <span class=\"__1 _6\"></span>la <span class=\"__1 _4\"></span>ca\u00edda <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>precios <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>elulosa <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>los <span class=\"__1 _6\"></span>mercados<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>in<span class=\"__1 _6\"></span>ternacionales <span class=\"__1 _8\"></span>junto<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>al <span class=\"__1 _8\"></span>aumento <span class=\"__1 _8\"></span>en<span class=\"__1 _1bc\"> </span>los <span class=\"__1 _c8\"> </span>cos<span class=\"__1 _6\"></span>tes <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c8\"> </span>prod<span class=\"__1 _6\"></span>ucci\u00f3n <span class=\"__1 _c8\"> </span>p<span class=\"__1 _6\"></span>rovoc\u00f3 <span class=\"__1 _c8\"> </span>el <span class=\"__1 _c6\"> </span>registro <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>deterioro<span class=\"__1 _6\"></span>s <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c8\"> </span>concepto<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>VNR <span class=\"__1 _c8\"> </span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _c8\"> </span>se <span class=\"__1 _c6\"> </span>han <span class=\"__1 _c6\"> </span>revertido<span class=\"__1 _1bc\"> </span>\u00edntegramente en los \u00fa<span class=\"__1 _6\"></span>ltimos meses d<span class=\"__1 _6\"></span>e 2023 tras la recup<span class=\"__1 _6\"></span>er<span class=\"__1 _6\"></span>aci\u00f3n de los p<span class=\"__1 _6\"></span>recios de venta y<span class=\"__1 _6\"></span> la contenci\u00f3n en<span class=\"__1 _1bc\"> </span>los costes d<span class=\"__1 _6\"></span>e producci\u00f3n.<span class=\"__1 _1bc\"> </span>19.2<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff8 fc3\">Sensibilidades<span class=\"ff3_1\"> </span></span></span>Asimismo, se han llevado cabo an\u00e1lisis de <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>ensibilidad considerando variacion<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span><span class=\"ls11\">, </span>en la cur<span class=\"__1 _5\"></span>va de precios pool y <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>precio <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>biomasa. <span class=\"__1 _4\"></span>En <span class=\"__1 _4\"></span>este <span class=\"__1 _8\"></span>sentid<span class=\"__1 _6\"></span>o, <span class=\"__1 _4\"></span>una <span class=\"__1 _4\"></span>disminuci\u00f3n <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>curva <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>precios <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>energ\u00eda <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>un aumento <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>curva <span class=\"__1 _6\"></span>de p<span class=\"__1 _6\"></span>recios <span class=\"__1 _6\"></span>de biomasa <span class=\"__1 _8\"></span>del 5% <span class=\"__1 _8\"></span>provocar\u00eda un <span class=\"__1 _6\"></span>incremento <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>deterioro <span class=\"__1 _6\"></span>registrado <span class=\"__1 _6\"></span>en un importe de <span class=\"ls12\">1 <span class=\"__1 _6\"></span></span>mill\u00f3<span class=\"ff6\">n \u20ac y </span>3,4<span class=\"__1 _6\"></span> <span class=\"ff6\">millones \u20ac, respectivam<span class=\"__1 _6\"></span>ente. <span class=\"__1 _6\"></span></span> Al <span class=\"__1 _70\"></span>31 de <span class=\"__1 _70\"></span>dici<span class=\"__1 _6\"></span>embre <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _5\"></span>2023 y <span class=\"__1 _70\"></span>2022 <span class=\"__1 _5\"></span>el <span class=\"__1 _70\"></span>i<span class=\"__1 _6\"></span>mporte <span class=\"__1 _5\"></span>de <span class=\"__1 _5\"></span>los <span class=\"__1 _5\"></span>deterior<span class=\"__1 _6\"></span>os de <span class=\"__1 _70\"></span>valor re<span class=\"__1 _5\"></span>conocidos en <span class=\"__1 _70\"></span>los activos <span class=\"__1 _70\"></span>biol\u00f3gicos asciende <span class=\"__1 _8\"></span>a <span class=\"__1 _4\"></span>3.604 <span class=\"__1 _8\"></span><span class=\"ff6\">miles <span class=\"__1 _8\"></span>\u20ac <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span></span>2.604 <span class=\"__1 _8\"></span><span class=\"ff6\">miles <span class=\"__1 _4\"></span>\u20ac, <span class=\"__1 _8\"></span>respectivamente. <span class=\"__1 _4\"></span>Un <span class=\"__1 _8\"></span>incremento <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _4\"></span>precio <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>mercado <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>la </span>madera <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>3% <span class=\"__1 _4\"></span>permitir\u00eda <span class=\"__1 _4\"></span>an<span class=\"__1 _6\"></span>ular <span class=\"__1 _4\"></span>\u00edntegrament<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>deterioro <span class=\"__1 _4\"></span>registra<span class=\"__1 _6\"></span>do. <span class=\"__1 _4\"></span>Por <span class=\"__1 _4\"></span>su<span class=\"__1 _8\"></span> <span class=\"__1 _4\"></span>parte <span class=\"__1 _4\"></span>una <span class=\"__1 _4\"></span>reducci\u00f3n <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>el<span class=\"__1 _6\"></span> precio de venta de la mad<span class=\"__1 _6\"></span>era del 3% implicar\u00eda <span class=\"__1 _6\"></span>el registro de un<span class=\"__1 _6\"></span> deterioro adicional po<span class=\"__1 _6\"></span>r <span class=\"__1 _6\"></span>6,3 <span class=\"ff6\">millones \u20ac.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfImpairmentOfAssetsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-546": {
   "value": "15.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Fondo de comercio y otros activos intangibles<span class=\"__1 _1bc\"> </span></span></span>El <span class=\"__1 _6\"></span>movimiento <span class=\"__1 _8\"></span>habido <span class=\"__1 _6\"></span>durante <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>ejercicios <span class=\"__1 _6\"></span>2023 <span class=\"__1 _8\"></span>y <span class=\"__1 _6\"></span>2022 <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>fondo <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>comercio <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>diferente<span class=\"__1 _1bc\"> </span>de activos inta<span class=\"__1 _6\"></span>ngibles y de sus correspo<span class=\"__1 _6\"></span>ndientes amortizaciones<span class=\"__1 _6\"></span> y deterioros ha <span class=\"__1 _6\"></span>sido el siguiente:<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span> de di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>mbre de<span class=\"__1 _70\"></span> 2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>do <span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span>01<span class=\"__1 _6\"></span>/0<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>/20<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _5\"></span>di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> o<span class=\"__1 _1bc\"> </span>dota<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>ti<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> o<span class=\"__1 _1bc\"> </span>reduc<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _1bc\"> </span>Tra<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>pa<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>do <span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/20<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>Fondo<span class=\"__1 _6\"></span> de come<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span> <span class=\"__1 _98\"> </span><span class=\"ls4f\">              2<span class=\"__1 _6\"></span>.737<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -                  2.73<span class=\"__1 _6\"></span>7<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>pl<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ca<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>nfor<span class=\"__1 _6\"></span>m\u00e1<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _ec\"> </span><span class=\"ls4f\">            34.76<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                 14<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span> <span class=\"__1 _119\"> </span>                     -                  2.69<span class=\"__1 _6\"></span>3 <span class=\"__1 _c9\"> </span>            37<span class=\"__1 _6\"></span>.60<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span></span>Ga<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>tos<span class=\"__1 _8\"></span> de de<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>rr<span class=\"__1 _6\"></span>ol<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>o<span class=\"__1 _118\"> </span><span class=\"ls4f\">            1<span class=\"__1 _6\"></span>8.45<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _c9\"> </span>                     -   <span class=\"__1 _c8\"> </span>            18<span class=\"__1 _6\"></span>.452<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>nti<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>pos<span class=\"__1 _148\"> </span><span class=\"ls4f\">              1.75<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              5.78<span class=\"__1 _6\"></span>7 <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _c8\"> </span>            (3.09<span class=\"__1 _6\"></span>7)<span class=\"__1 _d1\"> </span>              4.44<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span></span>De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>hos<span class=\"__1 _8\"></span> de ge<span class=\"__1 _70\"></span>nera<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _6\"></span> de e<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>g\u00eda<span class=\"__1 _1bc\"> </span>e<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>\u00e9<span class=\"__1 _5\"></span>ctr<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ca            21<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>2 <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _4\"> </span>            2<span class=\"__1 _6\"></span>1.00<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>hos<span class=\"__1 _8\"></span> de ri<span class=\"__1 _8\"></span>eg<span class=\"__1 _5\"></span>o<span class=\"__1 _149\"> </span><span class=\"ls4f\">              4.57<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _c9\"> </span>                     -   <span class=\"__1 _c6\"> </span>                 2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>9 <span class=\"__1 _cf\"> </span>              4<span class=\"__1 _6\"></span>.787<span class=\"__1 _1bc\"> </span></span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vo<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>n<span class=\"__1 _6\"></span>tan<span class=\"__1 _6\"></span>gi<span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span> <span class=\"__1 _9c\"> </span><span class=\"ls4f\">              6<span class=\"__1 _6\"></span>.18<span class=\"__1 _6\"></span>5 <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -                  6.18<span class=\"__1 _6\"></span>5<span class=\"__1 _1bc\"> </span></span>T<span class=\"__1 _5\"></span>ot<span class=\"__1 _6\"></span>al<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>c<span class=\"__1 _5\"></span>oste<span class=\"__1 _e\"> </span><span class=\"ls4f\">            8<span class=\"__1 _6\"></span>9.479<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              5<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>93<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _8\"></span>                (19<span class=\"__1 _6\"></span>5)<span class=\"__1 _cd\"> </span>            9<span class=\"__1 _6\"></span>5.21<span class=\"__1 _6\"></span>4<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>pl<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ca<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>nfor<span class=\"__1 _6\"></span>m\u00e1<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _d\"> </span><span class=\"ls4f\">          (26<span class=\"__1 _6\"></span>.98<span class=\"__1 _6\"></span>6)<span class=\"__1 _cf\"> </span>            (2<span class=\"__1 _6\"></span>.670<span class=\"__1 _6\"></span>)<span class=\"__1 _2a\"> </span>                     -   <span class=\"__1 _c9\"> </span>                     -   <span class=\"__1 _8\"></span>          (2<span class=\"__1 _6\"></span>9.65<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>Ga<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>tos<span class=\"__1 _8\"></span> de de<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>rr<span class=\"__1 _6\"></span>ol<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>o<span class=\"__1 _11c\"> </span><span class=\"ls4f\">          (13<span class=\"__1 _6\"></span>.867<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>                (48<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)<span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _c9\"> </span>                     -   <span class=\"__1 _8\"></span>          (1<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>.347<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>hos<span class=\"__1 _8\"></span> de ge<span class=\"__1 _70\"></span>nera<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _6\"></span> de e<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>g\u00eda<span class=\"__1 _1bc\"> </span>e<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>\u00e9<span class=\"__1 _5\"></span>ctr<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ca            (2.32<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>                (84<span class=\"__1 _6\"></span>3)<span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _4\"> </span>            (3<span class=\"__1 _6\"></span>.170<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>hos<span class=\"__1 _8\"></span> de ri<span class=\"__1 _8\"></span>eg<span class=\"__1 _5\"></span>o<span class=\"__1 _84\"> </span><span class=\"ls4f\">                (24<span class=\"__1 _6\"></span>6)<span class=\"__1 _c9\"> </span>                (22<span class=\"__1 _6\"></span>9)<span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _8\"></span>                (4<span class=\"__1 _6\"></span>75<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vo<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>n<span class=\"__1 _6\"></span>tan<span class=\"__1 _6\"></span>gi<span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _85\"> </span><span class=\"ls4f\">            (1<span class=\"__1 _6\"></span>.809<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>                (1<span class=\"__1 _6\"></span>41<span class=\"__1 _6\"></span>)<span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _4\"> </span>            (1.95<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>T<span class=\"__1 _5\"></span>ot<span class=\"__1 _6\"></span>al<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>a<span class=\"__1 _5\"></span>m<span class=\"__1 _6\"></span>ort<span class=\"__1 _6\"></span>iza<span class=\"__1 _5\"></span>ci<span class=\"__1 _5\"></span>ones <span class=\"__1 _4a\"> </span><span class=\"ls4f\">          (45<span class=\"__1 _6\"></span>.235<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (4.363<span class=\"__1 _6\"></span>)<span class=\"__1 _d0\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _8\"></span>          (49<span class=\"__1 _6\"></span>.598<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>Det<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>ioros de <span class=\"__1 _6\"></span>va<span class=\"__1 _70\"></span>lor<span class=\"__1 _6\"></span> (Not<span class=\"__1 _6\"></span>a 19<span class=\"__1 _6\"></span>)<span class=\"__1 _83\"> </span><span class=\"ls4f\">            (6<span class=\"__1 _6\"></span>.337<span class=\"__1 _6\"></span>)<span class=\"__1 _d0\"> </span>                     -   <span class=\"__1 _4\"> </span>                    1<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>                  (25<span class=\"__1 _6\"></span>)<span class=\"__1 _ce\"> </span>            (6<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>34<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>T<span class=\"__1 _5\"></span>ot<span class=\"__1 _6\"></span>al<span class=\"__1 _151\"> </span><span class=\"ls4f\">            37<span class=\"__1 _6\"></span>.906<span class=\"__1 _6\"></span> <span class=\"__1 _152\"> </span>            39<span class=\"__1 _6\"></span>.266<span class=\"__1 _1bc\"> </span></span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de e<span class=\"__1 _5\"></span>ur<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>15.1<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff8 fc3\">Adiciones y otros<span class=\"__1 _1bc\"> </span></span></span>El <span class=\"__1 _8\"></span>Grupo <span class=\"__1 _6\"></span>h<span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>llevado <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>cabo <span class=\"__1 _6\"></span>en<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>ejercicios <span class=\"__1 _6\"></span>2023 <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>2022 <span class=\"__1 _6\"></span>importa<span class=\"__1 _6\"></span>ntes <span class=\"__1 _8\"></span>inversiones <span class=\"__1 _8\"></span>orientadas <span class=\"__1 _8\"></span>a <span class=\"__1 _6\"></span>digitalizar <span class=\"__1 _8\"></span>y<span class=\"__1 _1bc\"> </span>estandarizar <span class=\"__1 _6\"></span>sus principales proceso<span class=\"__1 _6\"></span>s de negocio.<span class=\"__1 _1bc\"> </span>Durante 2023 y 2022 no s<span class=\"__1 _6\"></span>e han realizado t<span class=\"__1 _6\"></span>rabajos efectuados<span class=\"__1 _6\"></span> por el Grupo par<span class=\"__1 _6\"></span>a su inmovilizado intangible.<span class=\"__1 _8\"></span> A 31 de diciembre de 2023 y 2022 el valo<span class=\"__1 _6\"></span>r razonable de los derechos de generaci\u00f3n<span class=\"__1 _6\"></span> de energ\u00eda el\u00e9ctrica, as\u00ed<span class=\"__1 _1bc\"> </span>como el v<span class=\"__1 _6\"></span>alor razo<span class=\"__1 _6\"></span>nable de los <span class=\"__1 _6\"></span>derechos de <span class=\"__1 _6\"></span>riego (recogidos <span class=\"__1 _6\"></span>bajo el <span class=\"__1 _6\"></span>ep\u00edgrafe de \u201cOt<span class=\"__1 _6\"></span>ros activos <span class=\"__1 _6\"></span>intangibles\u201d)<span class=\"__1 _1bc\"> </span>no difiere significativamente <span class=\"__1 _6\"></span>de su v<span class=\"__1 _6\"></span>alor neto <span class=\"__1 _6\"></span>contable.<span class=\"__1 _1bc\"> </span>Los <span class=\"__1 _c6\"> </span>elementos <span class=\"__1 _c6\"> </span>del <span class=\"__1 _c6\"> </span>inmoviliza<span class=\"__1 _6\"></span>do <span class=\"__1 _c6\"> </span>intangible <span class=\"__1 _c6\"> </span>tota<span class=\"__1 _6\"></span>lmente <span class=\"__1 _c8\"> </span>am<span class=\"__1 _6\"></span>ortizados <span class=\"__1 _c6\"> </span>a <span class=\"__1 _ca\"> </span>31 <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>diciembre <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>2023 <span class=\"__1 _c6\"> </span>y <span class=\"__1 _c6\"> </span>2022,<span class=\"__1 _1bc\"> </span>principalmente <span class=\"__1 _6\"></span>gasto<span class=\"__1 _6\"></span>s <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>desarrollo <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>aplicacion<span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>inform\u00e1ticas<span class=\"__1 _8\"></span>, <span class=\"__1 _6\"></span><span class=\"ff6\">ascend\u00edan <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>37.470 <span class=\"__1 _8\"></span>miles <span class=\"__1 _6\"></span>\u20ac <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>35.623 <span class=\"__1 _6\"></span>miles<span class=\"__1 _1bc\"> </span></span>\u20ac, respectivamente.<span class=\"__1 _1bc\"> </span>15.2<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff8 fc3\">Fondo de comercio<span class=\"__1 _1bc\"> </span></span></span>El<span class=\"ls0_1\"> fond<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>de comercio <span class=\"__1 _6\"></span>tiene <span class=\"__1 _6\"></span>su<span class=\"__1 _6\"></span> o<span class=\"__1 _6\"></span>rigen en <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>ad<span class=\"__1 _6\"></span>quisici\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>participaci\u00f3n <span class=\"__1 _6\"></span>qu<span class=\"__1 _6\"></span>e E<span class=\"__1 _6\"></span>NCE os<span class=\"__1 _6\"></span>tenta en <span class=\"__1 _6\"></span>E<span class=\"__1 _6\"></span>nerg\u00eda d<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span></span>la <span class=\"__1 _5\"></span>Loma, <span class=\"__1 _5\"></span>S.A. <span class=\"__1 _5\"></span>y <span class=\"__1 _5\"></span>Energ\u00edas de <span class=\"__1 _70\"></span>la Mancha <span class=\"__1 _70\"></span>E<span class=\"__1 _6\"></span>NEMAN, S.A., <span class=\"__1 _70\"></span>sociedades titulares <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>instalaciones de <span class=\"__1 _70\"></span>generaci\u00f3n<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _8\"></span>energ\u00eda <span class=\"__1 _8\"></span>con <span class=\"__1 _8\"></span>biomasa <span class=\"__1 _8\"></span>u<span class=\"__1 _6\"></span>bicadas <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>J<span class=\"__1 _6\"></span>a\u00e9n <span class=\"__1 _6\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>Ciu<span class=\"__1 _6\"></span>dad <span class=\"__1 _8\"></span>Real <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>con <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>otencia <span class=\"__1 _8\"></span>instalada <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>16 <span class=\"__1 _8\"></span>MW <span class=\"__1 _8\"></span>cad<span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>una <span class=\"__1 _8\"></span>de<span class=\"__1 _1bc\"> </span>ellas<span class=\"ls17\">. </span>Al 31 de diciembre de <span class=\"__1 _6\"></span>2023 y 2022 <span class=\"__1 _6\"></span>se encuentra<span class=\"__1 _6\"></span> \u00edntegramente det<span class=\"__1 _6\"></span>eriorado (v\u00e9ase Nota<span class=\"__1 _6\"></span> 1<span class=\"__1 _6\"></span>9).<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span> de di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>mbre de<span class=\"__1 _70\"></span> 2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>do <span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span>01<span class=\"__1 _6\"></span>/0<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>/20<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _5\"></span>di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> o<span class=\"__1 _1bc\"> </span>dota<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>ti<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> o<span class=\"__1 _1bc\"> </span>reduc<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _1bc\"> </span>Tra<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>pa<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>do <span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/20<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>Fondo<span class=\"__1 _6\"></span> de come<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span> <span class=\"__1 _98\"> </span><span class=\"ls4f\">              2<span class=\"__1 _6\"></span>.737<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -                  2.73<span class=\"__1 _6\"></span>7<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>pl<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ca<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>nfor<span class=\"__1 _6\"></span>m\u00e1<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _ec\"> </span><span class=\"ls4f\">            31.30<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>                    4<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>                  (29<span class=\"__1 _6\"></span>)<span class=\"__1 _cc\"> </span>              3<span class=\"__1 _6\"></span>.44<span class=\"__1 _6\"></span>0 <span class=\"__1 _c9\"> </span>            34<span class=\"__1 _6\"></span>.767<span class=\"__1 _1bc\"> </span></span>Ga<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>tos<span class=\"__1 _8\"></span> de de<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>rr<span class=\"__1 _6\"></span>ol<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>o<span class=\"__1 _118\"> </span><span class=\"ls4f\">            1<span class=\"__1 _6\"></span>8.45<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _c9\"> </span>                     -   <span class=\"__1 _c8\"> </span>            18<span class=\"__1 _6\"></span>.452<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>nti<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>pos<span class=\"__1 _148\"> </span><span class=\"ls4f\">              2.24<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              2.97<span class=\"__1 _6\"></span>0 <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _c8\"> </span>            (3.46<span class=\"__1 _6\"></span>0)<span class=\"__1 _d1\"> </span>              1.75<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span></span>De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>hos<span class=\"__1 _8\"></span> de ge<span class=\"__1 _70\"></span>nera<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _6\"></span> de e<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>g\u00eda<span class=\"__1 _1bc\"> </span>e<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>\u00e9<span class=\"__1 _5\"></span>ctr<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ca            21<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>2 <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _4\"> </span>            2<span class=\"__1 _6\"></span>1.00<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>hos<span class=\"__1 _8\"></span> de ri<span class=\"__1 _8\"></span>eg<span class=\"__1 _5\"></span>o<span class=\"__1 _149\"> </span><span class=\"ls4f\">              4.55<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _c9\"> </span>                     -   <span class=\"__1 _c8\"> </span>                    20<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              4.57<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span></span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vo<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>n<span class=\"__1 _6\"></span>tan<span class=\"__1 _6\"></span>gi<span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span> <span class=\"__1 _9c\"> </span><span class=\"ls4f\">              6<span class=\"__1 _6\"></span>.16<span class=\"__1 _6\"></span>1 <span class=\"__1 _c9\"> </span>                    24<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -                  6.18<span class=\"__1 _6\"></span>5<span class=\"__1 _1bc\"> </span></span>T<span class=\"__1 _5\"></span>ot<span class=\"__1 _6\"></span>al<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>c<span class=\"__1 _5\"></span>oste<span class=\"__1 _e\"> </span><span class=\"ls4f\">            8<span class=\"__1 _6\"></span>6.467<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              3<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>04<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>                  (29<span class=\"__1 _6\"></span>)<span class=\"__1 _d0\"> </span>                     -   <span class=\"__1 _4\"> </span>            8<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>47<span class=\"__1 _6\"></span>9<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>pl<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ca<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>nfor<span class=\"__1 _6\"></span>m\u00e1<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _d\"> </span><span class=\"ls4f\">          (24<span class=\"__1 _6\"></span>.74<span class=\"__1 _6\"></span>6)<span class=\"__1 _cf\"> </span>            (2<span class=\"__1 _6\"></span>.194<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>                    29<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>                  (75<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (2<span class=\"__1 _6\"></span>6.98<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>Ga<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>tos<span class=\"__1 _8\"></span> de de<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>rr<span class=\"__1 _6\"></span>ol<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>o<span class=\"__1 _11c\"> </span><span class=\"ls4f\">          (13<span class=\"__1 _6\"></span>.383<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>                (48<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>)<span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _c9\"> </span>                     -   <span class=\"__1 _8\"></span>          (1<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.867<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>hos<span class=\"__1 _8\"></span> de ge<span class=\"__1 _70\"></span>nera<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _6\"></span> de e<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>g\u00eda<span class=\"__1 _1bc\"> </span>e<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>\u00e9<span class=\"__1 _5\"></span>ctr<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ca            (1.48<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>                (84<span class=\"__1 _6\"></span>3)<span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _4\"> </span>            (2<span class=\"__1 _6\"></span>.327<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>hos<span class=\"__1 _8\"></span> de ri<span class=\"__1 _8\"></span>eg<span class=\"__1 _5\"></span>o<span class=\"__1 _84\"> </span><span class=\"ls4f\">                  (18<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>                (22<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>)<span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _c9\"> </span>                     -   <span class=\"__1 _8\"></span>                (2<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>6)<span class=\"__1 _1bc\"> </span></span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vo<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>n<span class=\"__1 _6\"></span>tan<span class=\"__1 _6\"></span>gi<span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _85\"> </span><span class=\"ls4f\">            (1<span class=\"__1 _6\"></span>.584<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>                (2<span class=\"__1 _6\"></span>16<span class=\"__1 _6\"></span>)<span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _4\"> </span>                    (9<span class=\"__1 _6\"></span>)<span class=\"__1 _ce\"> </span>            (1<span class=\"__1 _6\"></span>.80<span class=\"__1 _6\"></span>9)<span class=\"__1 _1bc\"> </span></span>T<span class=\"__1 _5\"></span>ot<span class=\"__1 _6\"></span>al<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>a<span class=\"__1 _5\"></span>m<span class=\"__1 _6\"></span>ort<span class=\"__1 _6\"></span>iza<span class=\"__1 _5\"></span>ci<span class=\"__1 _5\"></span>ones <span class=\"__1 _4a\"> </span><span class=\"ls4f\">          (41<span class=\"__1 _6\"></span>.215<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (3.965<span class=\"__1 _6\"></span>)<span class=\"__1 _ce\"> </span>                    2<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>                  (84<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (45.23<span class=\"__1 _6\"></span>5)<span class=\"__1 _1bc\"> </span></span>Det<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>ioros de <span class=\"__1 _6\"></span>va<span class=\"__1 _70\"></span>lor<span class=\"__1 _6\"></span> (Not<span class=\"__1 _6\"></span>a 19<span class=\"__1 _6\"></span>)<span class=\"__1 _83\"> </span><span class=\"ls4f\">            (7<span class=\"__1 _6\"></span>.314<span class=\"__1 _6\"></span>)<span class=\"__1 _ce\"> </span>            (1<span class=\"__1 _6\"></span>.493<span class=\"__1 _6\"></span>)<span class=\"__1 _cc\"> </span>              2<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>38<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>                    8<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>            (6.33<span class=\"__1 _6\"></span>7)<span class=\"__1 _1bc\"> </span></span>T<span class=\"__1 _5\"></span>ot<span class=\"__1 _6\"></span>al<span class=\"__1 _151\"> </span><span class=\"ls4f\">            37<span class=\"__1 _6\"></span>.938<span class=\"__1 _6\"></span> <span class=\"__1 _152\"> </span>            37<span class=\"__1 _6\"></span>.906<span class=\"__1 _1bc\"> </span></span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de e<span class=\"__1 _5\"></span>ur<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-515": {
   "value": "15.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Fondo de comercio y otros activos intangibles<span class=\"__1 _1bc\"> </span></span></span>El <span class=\"__1 _6\"></span>movimiento <span class=\"__1 _8\"></span>habido <span class=\"__1 _6\"></span>durante <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>ejercicios <span class=\"__1 _6\"></span>2023 <span class=\"__1 _8\"></span>y <span class=\"__1 _6\"></span>2022 <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>fondo <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>comercio <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>diferente<span class=\"__1 _1bc\"> </span>s <span class=\"__1 _8\"></span>cuent<span class=\"__1 _1bc\"> </span>as<span class=\"__1 _1bc\"> </span>de activos inta<span class=\"__1 _6\"></span>ngibles y de sus correspo<span class=\"__1 _6\"></span>ndientes amortizaciones<span class=\"__1 _6\"></span> y deterioros ha <span class=\"__1 _6\"></span>sido el siguiente:<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span> de di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>mbre de<span class=\"__1 _70\"></span> 2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>do <span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span>01<span class=\"__1 _6\"></span>/0<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>/20<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _5\"></span>di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> o<span class=\"__1 _1bc\"> </span>dota<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>ti<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> o<span class=\"__1 _1bc\"> </span>reduc<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _1bc\"> </span>Tra<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>pa<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>do <span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/20<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>Fondo<span class=\"__1 _6\"></span> de come<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span> <span class=\"__1 _98\"> </span><span class=\"ls4f\">              2<span class=\"__1 _6\"></span>.737<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -                  2.73<span class=\"__1 _6\"></span>7<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>pl<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ca<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>nfor<span class=\"__1 _6\"></span>m\u00e1<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _ec\"> </span><span class=\"ls4f\">            34.76<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                 14<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span> <span class=\"__1 _119\"> </span>                     -                  2.69<span class=\"__1 _6\"></span>3 <span class=\"__1 _c9\"> </span>            37<span class=\"__1 _6\"></span>.60<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span></span>Ga<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>tos<span class=\"__1 _8\"></span> de de<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>rr<span class=\"__1 _6\"></span>ol<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>o<span class=\"__1 _118\"> </span><span class=\"ls4f\">            1<span class=\"__1 _6\"></span>8.45<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _c9\"> </span>                     -   <span class=\"__1 _c8\"> </span>            18<span class=\"__1 _6\"></span>.452<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>nti<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>pos<span class=\"__1 _148\"> </span><span class=\"ls4f\">              1.75<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              5.78<span class=\"__1 _6\"></span>7 <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _c8\"> </span>            (3.09<span class=\"__1 _6\"></span>7)<span class=\"__1 _d1\"> </span>              4.44<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span></span>De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>hos<span class=\"__1 _8\"></span> de ge<span class=\"__1 _70\"></span>nera<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _6\"></span> de e<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>g\u00eda<span class=\"__1 _1bc\"> </span>e<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>\u00e9<span class=\"__1 _5\"></span>ctr<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ca            21<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>2 <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _4\"> </span>            2<span class=\"__1 _6\"></span>1.00<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>hos<span class=\"__1 _8\"></span> de ri<span class=\"__1 _8\"></span>eg<span class=\"__1 _5\"></span>o<span class=\"__1 _149\"> </span><span class=\"ls4f\">              4.57<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _c9\"> </span>                     -   <span class=\"__1 _c6\"> </span>                 2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>9 <span class=\"__1 _cf\"> </span>              4<span class=\"__1 _6\"></span>.787<span class=\"__1 _1bc\"> </span></span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vo<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>n<span class=\"__1 _6\"></span>tan<span class=\"__1 _6\"></span>gi<span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span> <span class=\"__1 _9c\"> </span><span class=\"ls4f\">              6<span class=\"__1 _6\"></span>.18<span class=\"__1 _6\"></span>5 <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -                  6.18<span class=\"__1 _6\"></span>5<span class=\"__1 _1bc\"> </span></span>T<span class=\"__1 _5\"></span>ot<span class=\"__1 _6\"></span>al<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>c<span class=\"__1 _5\"></span>oste<span class=\"__1 _e\"> </span><span class=\"ls4f\">            8<span class=\"__1 _6\"></span>9.479<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              5<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>93<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _8\"></span>                (19<span class=\"__1 _6\"></span>5)<span class=\"__1 _cd\"> </span>            9<span class=\"__1 _6\"></span>5.21<span class=\"__1 _6\"></span>4<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _5\"></span>pl<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ca<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>nfor<span class=\"__1 _6\"></span>m\u00e1<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _d\"> </span><span class=\"ls4f\">          (26<span class=\"__1 _6\"></span>.98<span class=\"__1 _6\"></span>6)<span class=\"__1 _cf\"> </span>            (2<span class=\"__1 _6\"></span>.670<span class=\"__1 _6\"></span>)<span class=\"__1 _2a\"> </span>                     -   <span class=\"__1 _c9\"> </span>                     -   <span class=\"__1 _8\"></span>          (2<span class=\"__1 _6\"></span>9.65<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>Ga<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>tos<span class=\"__1 _8\"></span> de de<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>rr<span class=\"__1 _6\"></span>ol<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>o<span class=\"__1 _11c\"> </span><span class=\"ls4f\">          (13<span class=\"__1 _6\"></span>.867<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>                (48<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)<span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _c9\"> </span>                     -   <span class=\"__1 _8\"></span>          (1<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>.347<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>hos<span class=\"__1 _8\"></span> de ge<span class=\"__1 _70\"></span>nera<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _6\"></span> de e<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>g\u00eda<span class=\"__1 _1bc\"> </span>e<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>\u00e9<span class=\"__1 _5\"></span>ctr<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ca            (2.32<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>                (84<span class=\"__1 _6\"></span>3)<span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _4\"> </span>            (3<span class=\"__1 _6\"></span>.170<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>hos<span class=\"__1 _8\"></span> de ri<span class=\"__1 _8\"></span>eg<span class=\"__1 _5\"></span>o<span class=\"__1 _84\"> </span><span class=\"ls4f\">                (24<span class=\"__1 _6\"></span>6)<span class=\"__1 _c9\"> </span>                (22<span class=\"__1 _6\"></span>9)<span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _8\"></span>                (4<span class=\"__1 _6\"></span>75<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vo<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>n<span class=\"__1 _6\"></span>tan<span class=\"__1 _6\"></span>gi<span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _85\"> </span><span class=\"ls4f\">            (1<span class=\"__1 _6\"></span>.809<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>                (1<span class=\"__1 _6\"></span>41<span class=\"__1 _6\"></span>)<span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _4\"> </span>            (1.95<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>T<span class=\"__1 _5\"></span>ot<span class=\"__1 _6\"></span>al<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>a<span class=\"__1 _5\"></span>m<span class=\"__1 _6\"></span>ort<span class=\"__1 _6\"></span>iza<span class=\"__1 _5\"></span>ci<span class=\"__1 _5\"></span>ones <span class=\"__1 _4a\"> </span><span class=\"ls4f\">          (45<span class=\"__1 _6\"></span>.235<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (4.363<span class=\"__1 _6\"></span>)<span class=\"__1 _d0\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _8\"></span>          (49<span class=\"__1 _6\"></span>.598<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>Det<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>ioros de <span class=\"__1 _6\"></span>va<span class=\"__1 _70\"></span>lor<span class=\"__1 _6\"></span> (Not<span class=\"__1 _6\"></span>a 19<span class=\"__1 _6\"></span>)<span class=\"__1 _83\"> </span><span class=\"ls4f\">            (6<span class=\"__1 _6\"></span>.337<span class=\"__1 _6\"></span>)<span class=\"__1 _d0\"> </span>                     -   <span class=\"__1 _4\"> </span>                    1<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>                  (25<span class=\"__1 _6\"></span>)<span class=\"__1 _ce\"> </span>            (6<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>34<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>T<span class=\"__1 _5\"></span>ot<span class=\"__1 _6\"></span>al<span class=\"__1 _151\"> </span><span class=\"ls4f\">            37<span class=\"__1 _6\"></span>.906<span class=\"__1 _6\"></span> <span class=\"__1 _152\"> </span>            39<span class=\"__1 _6\"></span>.266<span class=\"__1 _1bc\"> </span></span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de e<span class=\"__1 _5\"></span>ur<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>15.2<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff8 fc3\">Fondo de comercio<span class=\"__1 _1bc\"> </span></span></span><span class=\"ff5\"><span class=\"ff8 fc3\"> </span></span>El<span class=\"ls0_1\"> fond<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>de comercio <span class=\"__1 _6\"></span>tiene <span class=\"__1 _6\"></span>su<span class=\"__1 _6\"></span> o<span class=\"__1 _6\"></span>rigen en <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>ad<span class=\"__1 _6\"></span>quisici\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>participaci\u00f3n <span class=\"__1 _6\"></span>qu<span class=\"__1 _6\"></span>e E<span class=\"__1 _6\"></span>NCE os<span class=\"__1 _6\"></span>tenta en <span class=\"__1 _6\"></span>E<span class=\"__1 _6\"></span>nerg\u00eda d<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span></span><span class=\"ls0_1\"> </span>la <span class=\"__1 _5\"></span>Loma, <span class=\"__1 _5\"></span>S.A. <span class=\"__1 _5\"></span>y <span class=\"__1 _5\"></span>Energ\u00edas de <span class=\"__1 _70\"></span>la Mancha <span class=\"__1 _70\"></span>E<span class=\"__1 _6\"></span>NEMAN, S.A., <span class=\"__1 _70\"></span>sociedades titulares <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>instalaciones de <span class=\"__1 _70\"></span>generaci\u00f3n<span class=\"__1 _1bc\"> </span> de <span class=\"__1 _8\"></span>energ\u00eda <span class=\"__1 _8\"></span>con <span class=\"__1 _8\"></span>biomasa <span class=\"__1 _8\"></span>u<span class=\"__1 _6\"></span>bicadas <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>J<span class=\"__1 _6\"></span>a\u00e9n <span class=\"__1 _6\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>Ciu<span class=\"__1 _6\"></span>dad <span class=\"__1 _8\"></span>Real <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>con <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>otencia <span class=\"__1 _8\"></span>instalada <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>16 <span class=\"__1 _8\"></span>MW <span class=\"__1 _8\"></span>cad<span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>una <span class=\"__1 _8\"></span>de<span class=\"__1 _1bc\"> </span> ellas<span class=\"ls17\">. </span>Al 31 de diciembre de <span class=\"__1 _6\"></span>2023 y 2022 <span class=\"__1 _6\"></span>se encuentra<span class=\"__1 _6\"></span> \u00edntegramente det<span class=\"__1 _6\"></span>eriorado (v\u00e9ase Nota<span class=\"__1 _6\"></span> 1<span class=\"__1 _6\"></span>9).<span class=\"__1 _1bc\"> </span> <div class=\"c_1 wd4 h14e gscd\"><div class=\"t_1 m23 x9 h14f y944 ff4 fs33 fc0_1 sc0_1 ls0_1 ws0_1\">31<span class=\"__1 _6\"></span> de di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>mbre de<span class=\"__1 _70\"></span> 2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 wd5 h150 gsce\"><div class=\"t_1 m23 xc0 h14f y946 ff4 fs33 fc0_1 sc0_1 ls0_1 ws0_1\">Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>do <span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span><span class=\"__1 _8\"></span> </div><div class=\"t_1 m23 x3a h14f y947 ff4 fs33 fc0_1 sc0_1 ls0_1 ws0_1\">01<span class=\"__1 _6\"></span>/0<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>/20<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 wd5 h150 gscf\"><div class=\"t_1 m23 xa h14f y946 ff4 fs33 fc0_1 sc0_1 ls0_1 ws0_1\">A<span class=\"__1 _5\"></span>di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> o<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m23 xa h14f y947 ff4 fs33 fc0_1 sc0_1 ls0_1 ws0_1\">dota<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 wd5 h150 gsd0\"><div class=\"t_1 m23 x14 h14f y946 ff4 fs33 fc0_1 sc0_1 ls0_1 ws0_1\">Re<span class=\"__1 _5\"></span>ti<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> o<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m23 x3a h14f y947 ff4 fs33 fc0_1 sc0_1 ls0_1 ws0_1\">reduc<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 wd4 h14e gscd\"><div class=\"t_1 m23 x97 h14f y94a ff4 fs33 fc0_1 sc0_1 ls0_1 ws0_1\">Tra<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>pa<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> </div></div><div class=\"c_1 wd5 h150 gsd1\"><div class=\"t_1 m23 xc0 h14f y946 ff4 fs33 fc0_1 sc0_1 ls0_1 ws0_1\">Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>do <span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span><span class=\"__1 _8\"></span> </div><div class=\"t_1 m23 x3a h14f y947 ff4 fs33 fc0_1 sc0_1 ls0_1 ws0_1\">31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/20<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 wd4 h151 gsd2\"><div class=\"t_1 m23 x9 h14f y94c ff4 fs33 fc0_1 sc0_1 ls0_1 ws0_1\">Fondo<span class=\"__1 _6\"></span> de come<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span> <span class=\"__1 _98\"> </span><span class=\"ls4f\">              2<span class=\"__1 _6\"></span>.737<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -                  2.73<span class=\"__1 _6\"></span>7<span class=\"__1 _1bc\"> </span></span><span class=\"ls4f\"> </span></div></div><div class=\"c_1 wd4 h151 gsd3\"><div class=\"t_1 m23 x9 h14f y94e ff4 fs33 fc0_1 sc0_1 ls0_1 ws0_1\">A<span class=\"__1 _5\"></span>pl<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ca<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>nfor<span class=\"__1 _6\"></span>m\u00e1<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _ec\"> </span><span class=\"ls4f\">            31.30<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>                    4<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>                  (29<span class=\"__1 _6\"></span>)<span class=\"__1 _cc\"> </span>              3<span class=\"__1 _6\"></span>.44<span class=\"__1 _6\"></span>0 <span class=\"__1 _c9\"> </span>            34<span class=\"__1 _6\"></span>.767<span class=\"__1 _1bc\"> </span></span><span class=\"ls4f\"><span class=\"__1 _6\"></span> </span></div></div><div class=\"c_1 wd4 h151 gsd4\"><div class=\"t_1 m23 x9 h14f y94c ff4 fs33 fc0_1 sc0_1 ls0_1 ws0_1\">Ga<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>tos<span class=\"__1 _8\"></span> de de<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>rr<span class=\"__1 _6\"></span>ol<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>o<span class=\"__1 _118\"> </span><span class=\"ls4f\">            1<span class=\"__1 _6\"></span>8.45<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _c9\"> </span>                     -   <span class=\"__1 _c8\"> </span>            18<span class=\"__1 _6\"></span>.452<span class=\"__1 _1bc\"> </span></span><span class=\"ls4f\"><span class=\"__1 _6\"></span> </span></div></div><div class=\"c_1 wd4 h151 gsd5\"><div class=\"t_1 m23 x9 h14f y94c ff4 fs33 fc0_1 sc0_1 ls0_1 ws0_1\">A<span class=\"__1 _5\"></span>nti<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>pos<span class=\"__1 _148\"> </span><span class=\"ls4f\">              2.24<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              2.97<span class=\"__1 _6\"></span>0 <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _c8\"> </span>            (3.46<span class=\"__1 _6\"></span>0)<span class=\"__1 _d1\"> </span>              1.75<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span></span><span class=\"ls4f\"><span class=\"__1 _6\"></span> </span></div></div><div class=\"c_1 wd6 h152 gsd6\"><div class=\"t_1 m23 x9 h14f y952 ff4 fs33 fc0_1 sc0_1 ls0_1 ws0_1\">De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>hos<span class=\"__1 _8\"></span> de ge<span class=\"__1 _70\"></span>nera<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _6\"></span> de e<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>g\u00eda<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> </div><div class=\"t_1 m23 x9 h14f y953 ff4 fs33 fc0_1 sc0_1 ls0_1 ws0_1\">e<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>\u00e9<span class=\"__1 _5\"></span>ctr<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ca</div></div><div class=\"c_1 wd4 h153 gsd6\"><div class=\"t_1 m23 xdf h14f y955 ff4 fs33 fc0_1 sc0_1 ls4f ws0_1\">            21<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>2 <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _4\"> </span>            2<span class=\"__1 _6\"></span>1.00<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span> </div></div><div class=\"c_1 wd4 h151 gsd7\"><div class=\"t_1 m23 x9 h14f y94e ff4 fs33 fc0_1 sc0_1 ls0_1 ws0_1\">De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>hos<span class=\"__1 _8\"></span> de ri<span class=\"__1 _8\"></span>eg<span class=\"__1 _5\"></span>o<span class=\"__1 _149\"> </span><span class=\"ls4f\">              4.55<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _c9\"> </span>                     -   <span class=\"__1 _c8\"> </span>                    20<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              4.57<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span></span><span class=\"ls4f\"><span class=\"__1 _6\"></span> </span></div></div><div class=\"c_1 wd4 h151 gsd8\"><div class=\"t_1 m23 x9 h14f y94c ff4 fs33 fc0_1 sc0_1 ls0_1 ws0_1\">Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vo<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>n<span class=\"__1 _6\"></span>tan<span class=\"__1 _6\"></span>gi<span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span> <span class=\"__1 _9c\"> </span><span class=\"ls4f\">              6<span class=\"__1 _6\"></span>.16<span class=\"__1 _6\"></span>1 <span class=\"__1 _c9\"> </span>                    24<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -                  6.18<span class=\"__1 _6\"></span>5<span class=\"__1 _1bc\"> </span></span><span class=\"ls4f\"> </span></div></div><div class=\"c_1 wd4 h151 gsd9\"><div class=\"t_1 m23 x67 h154 y959 ff3_1 fs33 fc0_1 sc0_1 ls0_1 ws0_1\">T<span class=\"__1 _5\"></span>ot<span class=\"__1 _6\"></span>al<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>c<span class=\"__1 _5\"></span>oste<span class=\"__1 _e\"> </span><span class=\"ls4f\">            8<span class=\"__1 _6\"></span>6.467<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              3<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>04<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>                  (29<span class=\"__1 _6\"></span>)<span class=\"__1 _d0\"> </span>                     -   <span class=\"__1 _4\"> </span>            8<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>47<span class=\"__1 _6\"></span>9<span class=\"__1 _1bc\"> </span></span><span class=\"ls4f\"><span class=\"__1 _6\"></span> </span></div></div><div class=\"c_1 wd4 h151 gsda\"><div class=\"t_1 m23 x9 h14f y95b ff4 fs33 fc0_1 sc0_1 ls0_1 ws0_1\">A<span class=\"__1 _5\"></span>pl<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ca<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>nfor<span class=\"__1 _6\"></span>m\u00e1<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _d\"> </span><span class=\"ls4f\">          (24<span class=\"__1 _6\"></span>.74<span class=\"__1 _6\"></span>6)<span class=\"__1 _cf\"> </span>            (2<span class=\"__1 _6\"></span>.194<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>                    29<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>                  (75<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (2<span class=\"__1 _6\"></span>6.98<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span></div></div><div class=\"c_1 wd4 h151 gsdb\"><div class=\"t_1 m23 x9 h14f y94c ff4 fs33 fc0_1 sc0_1 ls0_1 ws0_1\">Ga<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>tos<span class=\"__1 _8\"></span> de de<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>rr<span class=\"__1 _6\"></span>ol<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>o<span class=\"__1 _11c\"> </span><span class=\"ls4f\">          (13<span class=\"__1 _6\"></span>.383<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>                (48<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>)<span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _c9\"> </span>                     -   <span class=\"__1 _8\"></span>          (1<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.867<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span></div></div><div class=\"c_1 wd6 h152 gsdc\"><div class=\"t_1 m23 x9 h14f y95e ff4 fs33 fc0_1 sc0_1 ls0_1 ws0_1\">De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>hos<span class=\"__1 _8\"></span> de ge<span class=\"__1 _70\"></span>nera<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _6\"></span> de e<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>g\u00eda<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> </div><div class=\"t_1 m23 x9 h14f y953 ff4 fs33 fc0_1 sc0_1 ls0_1 ws0_1\">e<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>\u00e9<span class=\"__1 _5\"></span>ctr<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ca</div></div><div class=\"c_1 wd4 h153 gsdc\"><div class=\"t_1 m23 xdf h14f y960 ff4 fs33 fc0_1 sc0_1 ls4f ws0_1\">            (1.48<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>                (84<span class=\"__1 _6\"></span>3)<span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _4\"> </span>            (2<span class=\"__1 _6\"></span>.327<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 wd4 h155 gsdd\"><div class=\"t_1 m23 x9 h14f y962 ff4 fs33 fc0_1 sc0_1 ls0_1 ws0_1\">De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>hos<span class=\"__1 _8\"></span> de ri<span class=\"__1 _8\"></span>eg<span class=\"__1 _5\"></span>o<span class=\"__1 _84\"> </span><span class=\"ls4f\">                  (18<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>                (22<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>)<span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _c9\"> </span>                     -   <span class=\"__1 _8\"></span>                (2<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>6)<span class=\"__1 _1bc\"> </span></span></div></div><div class=\"c_1 wd4 h151 gsde\"><div class=\"t_1 m23 x9 h14f y962 ff4 fs33 fc0_1 sc0_1 ls0_1 ws0_1\">Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vo<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>n<span class=\"__1 _6\"></span>tan<span class=\"__1 _6\"></span>gi<span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _85\"> </span><span class=\"ls4f\">            (1<span class=\"__1 _6\"></span>.584<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>                (2<span class=\"__1 _6\"></span>16<span class=\"__1 _6\"></span>)<span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _4\"> </span>                    (9<span class=\"__1 _6\"></span>)<span class=\"__1 _ce\"> </span>            (1<span class=\"__1 _6\"></span>.80<span class=\"__1 _6\"></span>9)<span class=\"__1 _1bc\"> </span></span></div></div><div class=\"c_1 wd4 h151 gsdf\"><div class=\"t_1 m23 x6f h154 y965 ff3_1 fs33 fc0_1 sc0_1 ls0_1 ws0_1\">T<span class=\"__1 _5\"></span>ot<span class=\"__1 _6\"></span>al<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>a<span class=\"__1 _5\"></span>m<span class=\"__1 _6\"></span>ort<span class=\"__1 _6\"></span>iza<span class=\"__1 _5\"></span>ci<span class=\"__1 _5\"></span>ones <span class=\"__1 _4a\"> </span><span class=\"ls4f\">          (41<span class=\"__1 _6\"></span>.215<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            (3.965<span class=\"__1 _6\"></span>)<span class=\"__1 _ce\"> </span>                    2<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>                  (84<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>          (45.23<span class=\"__1 _6\"></span>5)<span class=\"__1 _1bc\"> </span></span></div></div><div class=\"c_1 wd4 h155 gse0\"><div class=\"t_1 m23 x56 h154 y967 ff3_1 fs33 fc0_1 sc0_1 ls0_1 ws0_1\">Det<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>ioros de <span class=\"__1 _6\"></span>va<span class=\"__1 _70\"></span>lor<span class=\"__1 _6\"></span> (Not<span class=\"__1 _6\"></span>a 19<span class=\"__1 _6\"></span>)<span class=\"__1 _83\"> </span><span class=\"ls4f\">            (7<span class=\"__1 _6\"></span>.314<span class=\"__1 _6\"></span>)<span class=\"__1 _ce\"> </span>            (1<span class=\"__1 _6\"></span>.493<span class=\"__1 _6\"></span>)<span class=\"__1 _cc\"> </span>              2<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>38<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>                    8<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>            (6.33<span class=\"__1 _6\"></span>7)<span class=\"__1 _1bc\"> </span></span></div></div><div class=\"c_1 wd4 h151 gse1\"><div class=\"t_1 m23 x84 h154 y959 ff3_1 fs33 fc0_1 sc0_1 ls0_1 ws0_1\">T<span class=\"__1 _5\"></span>ot<span class=\"__1 _6\"></span>al<span class=\"__1 _151\"> </span><span class=\"ls4f\">            37<span class=\"__1 _6\"></span>.938<span class=\"__1 _6\"></span> <span class=\"__1 _152\"> </span>            37<span class=\"__1 _6\"></span>.906<span class=\"__1 _1bc\"> </span></span><span class=\"ls4f\"><span class=\"__1 _6\"></span> </span></div></div><div class=\"c_1 wd7 h156 gse2\"><div class=\"t_1 m23 x59 h14f y96a ff4 fs33 fc0_1 sc0_1 ls0_1 ws0_1\">Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de e<span class=\"__1 _5\"></span>ur<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span></div></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoodwillExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-561": {
   "value": "16.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Propiedad, planta y equipo<span class=\"__1 _1bc\"> </span></span></span><span class=\"ff5 ls0_1\"><span class=\"ff3_1\"> </span></span>El  movimiento <span class=\"__1 _150\"> </span>hab<span class=\"__1 _6\"></span>ido  en  la<span class=\"__1 _6\"></span>s  diferentes  cu<span class=\"__1 _6\"></span>entas  de  es<span class=\"__1 _6\"></span>te  ep\u00edgrafe  d<span class=\"__1 _6\"></span>el <span class=\"__1 _cb\"> </span>Estado <span class=\"__1 _150\"> </span>de  Sit<span class=\"__1 _6\"></span>uaci\u00f3n  Fina<span class=\"__1 _6\"></span>nciera<span class=\"__1 _1bc\"> </span> consolidado <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>de su<span class=\"__1 _6\"></span>s corresp<span class=\"__1 _6\"></span>ondientes amortizacion<span class=\"__1 _6\"></span>es acu<span class=\"__1 _6\"></span>muladas <span class=\"__1 _6\"></span>en los<span class=\"__1 _6\"></span> ejercicios<span class=\"__1 _6\"></span> 2023 <span class=\"__1 _6\"></span>y 2022<span class=\"__1 _6\"></span> ha <span class=\"__1 _6\"></span>sido <span class=\"__1 _6\"></span>el<span class=\"__1 _1bc\"> </span> siguiente:<span class=\"__1 _1bc\"> </span> Los activos<span class=\"__1 _6\"></span> productivos del Grupo s<span class=\"__1 _6\"></span>e ubican \u00edntegramente e<span class=\"__1 _6\"></span>n Espa\u00f1a.<span class=\"__1 _1bc\"> </span>16.1<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff8 fc3\">Adiciones<span class=\"__1 _1bc\"> </span></span></span>El <span class=\"__1 _ca\"> </span>Grupo  ha <span class=\"__1 _c6\"> </span>acometido  inversiones <span class=\"__1 _ca\"> </span>en <span class=\"__1 _ca\"> </span>sus <span class=\"__1 _ca\"> </span>plantas  productivas <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c6\"> </span>los<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>Negocios  Celulosa  y <span class=\"__1 _c6\"> </span>Renovable<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>orientadas <span class=\"__1 _6\"></span>a mejorar <span class=\"__1 _6\"></span>la eficiencia <span class=\"__1 _6\"></span>del proceso <span class=\"__1 _6\"></span>productivo, <span class=\"__1 _6\"></span>a optimizar <span class=\"__1 _6\"></span>la generaci\u00f3n <span class=\"__1 _6\"></span>de energ\u00eda <span class=\"__1 _6\"></span>el\u00e9ctrica <span class=\"__1 _6\"></span>y a<span class=\"__1 _1bc\"> </span>mejorar en el cuidado<span class=\"__1 _6\"></span> al medio ambiente. Su d<span class=\"__1 _6\"></span>esglose es el <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>iguiente:<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span> de di<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>em<span class=\"__1 _70\"></span>b<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> de 20<span class=\"__1 _6\"></span>23<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>do a<span class=\"__1 _8\"></span>l<span class=\"__1 _1bc\"> </span>01<span class=\"__1 _6\"></span>/0<span class=\"__1 _6\"></span>1/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _5\"></span>di<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>es o<span class=\"__1 _1bc\"> </span>Dota<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>ti<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> o<span class=\"__1 _1bc\"> </span>reduc<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>onesTra<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>pa<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>os<span class=\"__1 _1bc\"> </span>Di<span class=\"__1 _6\"></span>ferenc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span>co<span class=\"__1 _6\"></span>nvers<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>\u00f3<span class=\"__1 _6\"></span>n<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>do a<span class=\"__1 _8\"></span>l<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>Te<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>enos<span class=\"__1 _6\"></span> for<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s  83<span class=\"__1 _6\"></span>.79<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>   <span class=\"__1 _12f\"> </span>  4<span class=\"__1 _6\"></span>.06<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>   <span class=\"__1 _51\"> </span><span class=\"ls50\">                    -   <span class=\"__1 _5c\"> </span>                    -   <span class=\"__1 _51\"> </span>                    -   <span class=\"__1 _153\"> </span></span>  87<span class=\"__1 _6\"></span>.85<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>  Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> terrenos  15<span class=\"__1 _6\"></span>.26<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>   <span class=\"__1 _12f\"> </span>  1<span class=\"__1 _6\"></span>.36<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>   <span class=\"__1 _51\"> </span><span class=\"ls50\">                    -   <span class=\"__1 _af\"> </span></span>  7<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>   <span class=\"__1 _58\"> </span><span class=\"ls50\">                 (5<span class=\"__1 _6\"></span>)   <span class=\"__1 _153\"> </span></span>  1<span class=\"__1 _6\"></span>6.70<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>  Cons<span class=\"__1 _8\"></span>truc<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones  16<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.82<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>   <span class=\"__1 _97\"> </span>  4<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>5   <span class=\"__1 _5c\"> </span><span class=\"ls50\">                    -   <span class=\"__1 _12f\"> </span></span>  4<span class=\"__1 _6\"></span>.99<span class=\"__1 _6\"></span>8   <span class=\"__1 _5c\"> </span><span class=\"ls50\">                    -   <span class=\"__1 _113\"> </span></span>  1<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>6.2<span class=\"__1 _6\"></span>50<span class=\"__1 _6\"></span>  I<span class=\"__1 _6\"></span>ns<span class=\"__1 _8\"></span>tal<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> t\u00e9<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>ni<span class=\"__1 _8\"></span>ca<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> y<span class=\"__1 _6\"></span> maqu<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a  1.8<span class=\"__1 _6\"></span>35<span class=\"__1 _6\"></span>.75<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>   <span class=\"__1 _12f\"> </span>  3<span class=\"__1 _6\"></span>.17<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>   <span class=\"__1 _58\"> </span><span class=\"ls50\">         (1<span class=\"__1 _6\"></span>.55<span class=\"__1 _6\"></span>5)   <span class=\"__1 _153\"> </span></span>  4<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.09<span class=\"__1 _6\"></span>4   <span class=\"__1 _b5\"> </span><span class=\"ls50\">                 (3<span class=\"__1 _6\"></span>)   <span class=\"__1 _145\"> </span></span>  1<span class=\"__1 _6\"></span>.87<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.46<span class=\"__1 _6\"></span>1  Otro<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>nmovi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>za<span class=\"__1 _6\"></span>do  56<span class=\"__1 _6\"></span>.70<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>   <span class=\"__1 _af\"> </span>  9<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>   <span class=\"__1 _51\"> </span><span class=\"ls50\">                    -   <span class=\"__1 _12f\"> </span></span>  2<span class=\"__1 _6\"></span>.80<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>   <span class=\"__1 _51\"> </span><span class=\"ls50\">                    -   <span class=\"__1 _153\"> </span></span>  5<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>.599<span class=\"__1 _6\"></span>  A<span class=\"__1 _5\"></span>nti<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>pos<span class=\"__1 _8\"></span> e i<span class=\"__1 _6\"></span>nmovi<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>za<span class=\"__1 _6\"></span>do<span class=\"__1 _6\"></span> e<span class=\"__1 _5\"></span>n c<span class=\"__1 _6\"></span>ur<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>o  25<span class=\"__1 _6\"></span>.16<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>   <span class=\"__1 _153\"> </span>  6<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.69<span class=\"__1 _6\"></span>5  <span class=\"__1 _6\"></span> <span class=\"__1 _58\"> </span><span class=\"ls50\">         (1<span class=\"__1 _6\"></span>.871<span class=\"__1 _6\"></span>)   <span class=\"__1 _51\"> </span>      (4<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.351<span class=\"__1 _6\"></span>)   <span class=\"__1 _51\"> </span>                    -   <span class=\"__1 _153\"> </span></span>  4<span class=\"__1 _6\"></span>3.6<span class=\"__1 _6\"></span>42<span class=\"__1 _6\"></span>  De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>ho de us<span class=\"__1 _8\"></span>o (Not<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span> 1<span class=\"__1 _6\"></span>7)  47<span class=\"__1 _6\"></span>.34<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>   <span class=\"__1 _12f\"> </span>  9<span class=\"__1 _6\"></span>.84<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>   <span class=\"__1 _58\"> </span><span class=\"ls50\">         (2<span class=\"__1 _6\"></span>.82<span class=\"__1 _6\"></span>9)   <span class=\"__1 _55\"> </span>            (4<span class=\"__1 _6\"></span>31<span class=\"__1 _6\"></span>)   <span class=\"__1 _51\"> </span>                    -   <span class=\"__1 _153\"> </span></span>  5<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.92<span class=\"__1 _6\"></span>8 <span class=\"__1 _6\"></span> Total<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>cos<span class=\"__1 _70\"></span>t<span class=\"__1 _6\"></span>e  2.22<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>.851<span class=\"__1 _6\"></span>   <span class=\"__1 _153\"> </span>  8<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.658<span class=\"__1 _6\"></span>   <span class=\"__1 _b5\"> </span><span class=\"ls50\">         (6.255<span class=\"__1 _6\"></span>)   <span class=\"__1 _97\"> </span></span>  1<span class=\"__1 _6\"></span>95<span class=\"__1 _6\"></span>   <span class=\"__1 _b5\"> </span><span class=\"ls50\">                 (8)   <span class=\"__1 _145\"> </span></span>  2<span class=\"__1 _6\"></span>.30<span class=\"__1 _6\"></span>6.44<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>  Cons<span class=\"__1 _8\"></span>truc<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones      (73<span class=\"__1 _6\"></span>.370<span class=\"__1 _6\"></span>)   <span class=\"__1 _58\"> </span>         (5<span class=\"__1 _6\"></span>.44<span class=\"__1 _6\"></span>8)   <span class=\"__1 _5c\"> </span>                    -   <span class=\"__1 _51\"> </span>                    -   <span class=\"__1 _51\"> </span>                    -   <span class=\"__1 _51\"> </span>      (7<span class=\"__1 _6\"></span>8.81<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>)  I<span class=\"__1 _6\"></span>ns<span class=\"__1 _8\"></span>tal<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> t\u00e9<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>ni<span class=\"__1 _8\"></span>ca<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> y<span class=\"__1 _6\"></span> maqu<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a (1.0<span class=\"__1 _6\"></span>81<span class=\"__1 _6\"></span>.06<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>)   <span class=\"__1 _5c\"> </span><span class=\"ls50\">      (76<span class=\"__1 _6\"></span>.562<span class=\"__1 _6\"></span>)   <span class=\"__1 _af\"> </span></span>  4<span class=\"__1 _6\"></span>4 <span class=\"__1 _6\"></span>  <span class=\"__1 _d7\"> </span>  6   <span class=\"__1 _d7\"> </span>  3<span class=\"__1 _6\"></span>   <span class=\"__1 _58\"> </span> (1<span class=\"__1 _6\"></span>.15<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.57<span class=\"__1 _6\"></span>3) <span class=\"__1 _6\"></span> Otro<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>nmovi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>za<span class=\"__1 _6\"></span>do      (34<span class=\"__1 _6\"></span>.248<span class=\"__1 _6\"></span>)   <span class=\"__1 _58\"> </span>         (2<span class=\"__1 _6\"></span>.74<span class=\"__1 _6\"></span>9)   <span class=\"__1 _5c\"> </span>                    -   <span class=\"__1 _51\"> </span>                    -   <span class=\"__1 _51\"> </span>                    -   <span class=\"__1 _51\"> </span>      (3<span class=\"__1 _6\"></span>6.99<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>)  De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>ho de us<span class=\"__1 _8\"></span>o (Not<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span> 1<span class=\"__1 _6\"></span>7)         (9.17<span class=\"__1 _6\"></span>7)   <span class=\"__1 _b5\"> </span>         (4.65<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>)   <span class=\"__1 _12f\"> </span><span class=\"ls0_1\">  2.1<span class=\"__1 _6\"></span>93<span class=\"__1 _6\"></span>   <span class=\"__1 _5c\"> </span></span>                    -   <span class=\"__1 _51\"> </span>                    -   <span class=\"__1 _51\"> </span>      (1<span class=\"__1 _6\"></span>1.63<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>)  Total<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>amort<span class=\"__1 _6\"></span>iza<span class=\"__1 _5\"></span>ci<span class=\"__1 _70\"></span>one<span class=\"__1 _6\"></span>s (1.19<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>85<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>)   <span class=\"__1 _5c\"> </span>      (8<span class=\"__1 _6\"></span>9.41<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>)   <span class=\"__1 _12f\"> </span>  2<span class=\"__1 _6\"></span>.237<span class=\"__1 _6\"></span>   <span class=\"__1 _d7\"> </span>  6<span class=\"__1 _6\"></span>   <span class=\"__1 _d7\"> </span>  3<span class=\"__1 _6\"></span>   <span class=\"__1 _58\"> </span> (1<span class=\"__1 _6\"></span>.285<span class=\"__1 _6\"></span>.025<span class=\"__1 _6\"></span>)  Det<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>rior<span class=\"__1 _6\"></span>os de valor (Not<span class=\"__1 _6\"></span>a 19<span class=\"__1 _6\"></span>)      (4<span class=\"__1 _6\"></span>3.11<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>)   <span class=\"__1 _58\"> </span><span class=\"ls50\">         (2<span class=\"__1 _6\"></span>.853<span class=\"__1 _6\"></span>)   <span class=\"__1 _153\"> </span></span>  13<span class=\"__1 _6\"></span>.527<span class=\"__1 _6\"></span>   <span class=\"__1 _af\"> </span>  2<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>   <span class=\"__1 _51\"> </span><span class=\"ls50\">                    -   <span class=\"__1 _5c\"> </span></span>      (3<span class=\"__1 _6\"></span>2.41<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>)  Total<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>Ne<span class=\"__1 _6\"></span>t<span class=\"__1 _6\"></span>o  98<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.876<span class=\"__1 _6\"></span>   <span class=\"__1 _14a\"> </span>  98<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.999<span class=\"__1 _6\"></span>  Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de e<span class=\"__1 _70\"></span>u<span class=\"__1 _6\"></span>ro<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span> de di<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>em<span class=\"__1 _70\"></span>b<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> de 20<span class=\"__1 _6\"></span>22<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>do a<span class=\"__1 _8\"></span>l<span class=\"__1 _1bc\"> </span>01<span class=\"__1 _6\"></span>/0<span class=\"__1 _6\"></span>1/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _5\"></span>di<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>es o<span class=\"__1 _1bc\"> </span>Dota<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>ti<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> o<span class=\"__1 _1bc\"> </span>reduc<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>onesTra<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>pa<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>os<span class=\"__1 _1bc\"> </span>Di<span class=\"__1 _6\"></span>ferenc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span>co<span class=\"__1 _6\"></span>nvers<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>\u00f3<span class=\"__1 _6\"></span>n<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>do a<span class=\"__1 _8\"></span>l<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>Te<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>enos<span class=\"__1 _6\"></span> for<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s  83<span class=\"__1 _6\"></span>.79<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>   <span class=\"__1 _5c\"> </span><span class=\"ls50\">                    -   <span class=\"__1 _51\"> </span>                    -   <span class=\"__1 _51\"> </span>                    -   <span class=\"__1 _51\"> </span>                    -   <span class=\"__1 _153\"> </span></span>  8<span class=\"__1 _6\"></span>3.7<span class=\"__1 _6\"></span>94<span class=\"__1 _6\"></span>  Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> terrenos  14<span class=\"__1 _6\"></span>.32<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>   <span class=\"__1 _97\"> </span>  9<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>   <span class=\"__1 _51\"> </span><span class=\"ls50\">                    -   <span class=\"__1 _58\"> </span>                 (7<span class=\"__1 _6\"></span>)   <span class=\"__1 _d7\"> </span></span>  8   <span class=\"__1 _153\"> </span>  <span class=\"__1 _6\"></span>15<span class=\"__1 _6\"></span>.26<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>  Cons<span class=\"__1 _8\"></span>truc<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones  16<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.39<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>   <span class=\"__1 _51\"> </span><span class=\"ls50\">                    -   <span class=\"__1 _58\"> </span>         (2<span class=\"__1 _6\"></span>.48<span class=\"__1 _6\"></span>4)   <span class=\"__1 _12f\"> </span></span>  <span class=\"__1 _6\"></span>1.91<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>   <span class=\"__1 _5c\"> </span><span class=\"ls50\">                    -   <span class=\"__1 _113\"> </span></span>  16<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.82<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>  I<span class=\"__1 _6\"></span>ns<span class=\"__1 _8\"></span>tal<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> t\u00e9<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>ni<span class=\"__1 _8\"></span>ca<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> y<span class=\"__1 _6\"></span> maqu<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a  1.8<span class=\"__1 _6\"></span>78<span class=\"__1 _6\"></span>.95<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>   <span class=\"__1 _12f\"> </span>  8<span class=\"__1 _6\"></span>.21<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>   <span class=\"__1 _51\"> </span><span class=\"ls50\">      (8<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.546<span class=\"__1 _6\"></span>)   <span class=\"__1 _153\"> </span></span>  3<span class=\"__1 _6\"></span>0.1<span class=\"__1 _6\"></span>26<span class=\"__1 _6\"></span>   <span class=\"__1 _d7\"> </span>  6<span class=\"__1 _6\"></span>   <span class=\"__1 _c7\"> </span>  1.83<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.75<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>  Otro<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>nmovi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>za<span class=\"__1 _6\"></span>do  64<span class=\"__1 _6\"></span>.33<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>   <span class=\"__1 _97\"> </span>  1<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>   <span class=\"__1 _58\"> </span><span class=\"ls50\">         (8<span class=\"__1 _6\"></span>.988<span class=\"__1 _6\"></span>)   <span class=\"__1 _12f\"> </span></span>  1<span class=\"__1 _6\"></span>.17<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>   <span class=\"__1 _d7\"> </span>  1   <span class=\"__1 _153\"> </span>  <span class=\"__1 _6\"></span>56<span class=\"__1 _6\"></span>.70<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>  A<span class=\"__1 _5\"></span>nti<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>pos<span class=\"__1 _8\"></span> e i<span class=\"__1 _6\"></span>nmovi<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>za<span class=\"__1 _6\"></span>do<span class=\"__1 _6\"></span> e<span class=\"__1 _5\"></span>n c<span class=\"__1 _6\"></span>ur<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>o  27<span class=\"__1 _6\"></span>.29<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>   <span class=\"__1 _153\"> </span>  3<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.71<span class=\"__1 _6\"></span>4  <span class=\"__1 _6\"></span> <span class=\"__1 _58\"> </span><span class=\"ls50\">         (4<span class=\"__1 _6\"></span>.626<span class=\"__1 _6\"></span>)   <span class=\"__1 _51\"> </span>      (3<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.211<span class=\"__1 _6\"></span>)   <span class=\"__1 _58\"> </span>                 (1<span class=\"__1 _6\"></span>)   <span class=\"__1 _153\"> </span></span>  25<span class=\"__1 _6\"></span>.16<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>  De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>ho de us<span class=\"__1 _8\"></span>o (Not<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span> 1<span class=\"__1 _6\"></span>7)  25<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>   <span class=\"__1 _153\"> </span>  1<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.05<span class=\"__1 _6\"></span>5  <span class=\"__1 _6\"></span> <span class=\"__1 _153\"> </span>  1<span class=\"__1 _6\"></span>1.28<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>   <span class=\"__1 _5c\"> </span><span class=\"ls50\">                    -   <span class=\"__1 _51\"> </span>                    -   <span class=\"__1 _153\"> </span></span>  47<span class=\"__1 _6\"></span>.34<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>  Total<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>cos<span class=\"__1 _70\"></span>t<span class=\"__1 _6\"></span>e  2.25<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.108<span class=\"__1 _6\"></span>   <span class=\"__1 _153\"> </span>  5<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.092<span class=\"__1 _6\"></span>   <span class=\"__1 _5c\"> </span>      (8<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.363<span class=\"__1 _6\"></span>)   <span class=\"__1 _5c\"> </span><span class=\"ls50\">                    -   <span class=\"__1 _af\"> </span></span>  14<span class=\"__1 _6\"></span>   <span class=\"__1 _c7\"> </span>  2.22<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>85<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>  Cons<span class=\"__1 _8\"></span>truc<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones      (70<span class=\"__1 _6\"></span>.116<span class=\"__1 _6\"></span>)   <span class=\"__1 _58\"> </span>         (5<span class=\"__1 _6\"></span>.22<span class=\"__1 _6\"></span>5)   <span class=\"__1 _12f\"> </span><span class=\"ls0_1\">  2<span class=\"__1 _6\"></span>.20<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>   <span class=\"__1 _55\"> </span></span>            (2<span class=\"__1 _6\"></span>32<span class=\"__1 _6\"></span>)   <span class=\"__1 _51\"> </span>                    -   <span class=\"__1 _5c\"> </span>      (73<span class=\"__1 _6\"></span>.370<span class=\"__1 _6\"></span>)  I<span class=\"__1 _6\"></span>ns<span class=\"__1 _8\"></span>tal<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> t\u00e9<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>ni<span class=\"__1 _8\"></span>ca<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> y<span class=\"__1 _6\"></span> maqu<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a (1.0<span class=\"__1 _6\"></span>52<span class=\"__1 _6\"></span>.04<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>)   <span class=\"__1 _5c\"> </span><span class=\"ls50\">      (76<span class=\"__1 _6\"></span>.094<span class=\"__1 _6\"></span>)   <span class=\"__1 _153\"> </span></span>  5<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.26<span class=\"__1 _6\"></span>4   <span class=\"__1 _b5\"> </span><span class=\"ls50\">         (4.18<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>)   <span class=\"__1 _58\"> </span>                 (5<span class=\"__1 _6\"></span>)   <span class=\"__1 _58\"> </span></span> (1<span class=\"__1 _6\"></span>.08<span class=\"__1 _6\"></span>1.0<span class=\"__1 _6\"></span>64<span class=\"__1 _6\"></span>)  Otro<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>nmovi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>za<span class=\"__1 _6\"></span>do      (39<span class=\"__1 _6\"></span>.175<span class=\"__1 _6\"></span>)   <span class=\"__1 _58\"> </span>         (2<span class=\"__1 _6\"></span>.67<span class=\"__1 _6\"></span>0)   <span class=\"__1 _12f\"> </span><span class=\"ls0_1\">  8<span class=\"__1 _6\"></span>.02<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>   <span class=\"__1 _55\"> </span></span>            (4<span class=\"__1 _6\"></span>31<span class=\"__1 _6\"></span>)   <span class=\"__1 _58\"> </span>                 (1<span class=\"__1 _6\"></span>)   <span class=\"__1 _51\"> </span>      (3<span class=\"__1 _6\"></span>4.24<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>)  De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>ho de us<span class=\"__1 _8\"></span>o (Not<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span> 1<span class=\"__1 _6\"></span>7)         (6.48<span class=\"__1 _6\"></span>9)   <span class=\"__1 _b5\"> </span>         (4.14<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>)   <span class=\"__1 _12f\"> </span><span class=\"ls0_1\">  1.4<span class=\"__1 _6\"></span>56<span class=\"__1 _6\"></span>   <span class=\"__1 _5c\"> </span></span>                    -   <span class=\"__1 _51\"> </span>                    -   <span class=\"__1 _58\"> </span>         (9<span class=\"__1 _6\"></span>.177<span class=\"__1 _6\"></span>)  Total<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>amort<span class=\"__1 _6\"></span>iza<span class=\"__1 _5\"></span>ci<span class=\"__1 _70\"></span>one<span class=\"__1 _6\"></span>s (1.16<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>82<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>)   <span class=\"__1 _5c\"> </span>      (8<span class=\"__1 _6\"></span>8.13<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>)   <span class=\"__1 _153\"> </span>  6<span class=\"__1 _6\"></span>2.95<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>   <span class=\"__1 _58\"> </span><span class=\"ls50\">         (4<span class=\"__1 _6\"></span>.844<span class=\"__1 _6\"></span>)   <span class=\"__1 _58\"> </span>                 (6)   <span class=\"__1 _58\"> </span></span> (1<span class=\"__1 _6\"></span>.197<span class=\"__1 _6\"></span>.85<span class=\"__1 _6\"></span>9)  Det<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>rior<span class=\"__1 _6\"></span>os de valor (Not<span class=\"__1 _6\"></span>a 19<span class=\"__1 _6\"></span>)    (20<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.719<span class=\"__1 _6\"></span>)   <span class=\"__1 _5c\"> </span>      (3<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.292<span class=\"__1 _6\"></span>)   <span class=\"__1 _11e\"> </span>  19<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>.051<span class=\"__1 _6\"></span>   <span class=\"__1 _7e\"> </span>  4.84<span class=\"__1 _6\"></span>4  <span class=\"__1 _6\"></span> <span class=\"__1 _51\"> </span><span class=\"ls50\">                    -   <span class=\"__1 _51\"> </span></span>    <span class=\"__1 _6\"></span>  (43<span class=\"__1 _6\"></span>.11<span class=\"__1 _6\"></span>6)  Total<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>Ne<span class=\"__1 _6\"></span>t<span class=\"__1 _6\"></span>o  88<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.561<span class=\"__1 _6\"></span>   <span class=\"__1 _14a\"> </span>  98<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.876<span class=\"__1 _6\"></span>  Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de e<span class=\"__1 _70\"></span>u<span class=\"__1 _6\"></span>ro<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>En <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>biof\u00e1brica <span class=\"__1 _4\"></span><span class=\"ff6\">de <span class=\"__1 _8\"></span>Pon<span class=\"__1 _6\"></span>tevedra <span class=\"__1 _4\"></span>destaca <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>inversi\u00f3n <span class=\"__1 _4\"></span>lle<span class=\"__1 _5\"></span>vada <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>cabo, <span class=\"__1 _4\"></span>por <span class=\"__1 _8\"></span>importe <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>15,5 <span class=\"__1 _8\"></span>millones<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>\u20ac, <span class=\"__1 _4\"></span>para<span class=\"__1 _1bc\"> </span></span>depurar <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>efluentes <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>la<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>planta <span class=\"__1 _4\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>EDAR <span class=\"__1 _4\"></span>anexa <span class=\"__1 _c8\"></span>e <span class=\"__1 _4\"></span>incorporarlos <span class=\"__1 _4\"></span>n<span class=\"__1 _6\"></span>uevamente <span class=\"__1 _4\"></span>al <span class=\"__1 _4\"></span>pro<span class=\"__1 _6\"></span>ceso <span class=\"__1 _4\"></span>industria<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span>(v\u00e9ase <span class=\"__1 _8\"></span>Nota <span class=\"__1 _8\"></span>7). <span class=\"__1 _8\"></span>Po<span class=\"__1 _6\"></span>r <span class=\"__1 _8\"></span>su <span class=\"__1 _8\"></span>parte, <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>biof\u00e1brica <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>Navia <span class=\"__1 _8\"></span>destacan<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>inversi\u00f3n <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>adaptaci\u00f3n <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>proceso<span class=\"__1 _1bc\"> </span>productivo <span class=\"__1 _6\"></span>par<span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>producir <span class=\"__1 _6\"></span>celulosa <span class=\"__1 _6\"></span>Fluff <span class=\"__1 _6\"></span>con <span class=\"__1 _6\"></span>una <span class=\"__1 _6\"></span>invers<span class=\"__1 _6\"></span>i\u00f3n <span class=\"__1 _6\"></span>de 5,8 <span class=\"__1 _6\"></span>millon<span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>\u20ac <span class=\"__1 _6\"></span>as\u00ed <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>parada <span class=\"__1 _6\"></span>may<span class=\"__1 _6\"></span>or <span class=\"__1 _6\"></span>de la<span class=\"__1 _1bc\"> </span>turbina de generaci\u00f3n<span class=\"__1 _6\"></span> con biomasa <span class=\"__1 _6\"></span>con una inv<span class=\"__1 _6\"></span>ersi\u00f3n de 1,<span class=\"ff6\">5 millones \u20ac.<span class=\"__1 _1bc\"> </span></span>Comprom<span class=\"__1 _6\"></span>isos de inversi\u00f3n<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _6\"></span>Grupo <span class=\"__1 _6\"></span>ha <span class=\"__1 _6\"></span>comprometido <span class=\"__1 _6\"></span>invers<span class=\"__1 _6\"></span>iones <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>31 <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>diciembre <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>2023 <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>ser\u00e1n <span class=\"__1 _6\"></span>ejecutadas <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>futuro, <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>or<span class=\"__1 _1bc\"> </span>importe de, aproximadam<span class=\"__1 _6\"></span>ente, 33 millones \u20ac.<span class=\"__1 _1bc\"> </span>16.2<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff8 fc3\">Bi<span class=\"__1 _6\"></span>enes tot<span class=\"__1 _5\"></span>almente amorti<span class=\"__1 _5\"></span>zados </span></span>Al <span class=\"__1 _c6\"> </span>cierre <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>los <span class=\"__1 _c6\"> </span>ejercicios <span class=\"__1 _c6\"> </span>20<span class=\"__1 _6\"></span>23 <span class=\"__1 _c6\"> </span>y <span class=\"__1 _c6\"> </span>2022 <span class=\"__1 _c6\"> </span>el <span class=\"__1 _ca\"> </span>Grupo <span class=\"__1 _c6\"> </span>ten\u00eda <span class=\"__1 _c6\"> </span>elementos<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>del <span class=\"__1 _c6\"> </span>inmovilizado <span class=\"__1 _c6\"> </span>material <span class=\"__1 _c6\"> </span>totalmente<span class=\"__1 _1bc\"> </span>amortizados q<span class=\"__1 _6\"></span>ue segu\u00edan en uso con<span class=\"__1 _6\"></span>forme al siguiente detalle:<span class=\"__1 _1bc\"> </span>16.3<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff8 fc3\">Revalorizaciones<span class=\"__1 _1bc\"> </span></span></span>Al <span class=\"__1 _4\"></span>1 <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>enero <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>2004, <span class=\"__1 _4\"></span>fe<span class=\"__1 _6\"></span>cha <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>transici\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>las <span class=\"__1 _4\"></span>NIIF<span class=\"__1 _6\"></span>-UE, <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>actualizaron <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>uelos <span class=\"__1 _4\"></span>forestales <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>su <span class=\"__1 _4\"></span>valo<span class=\"__1 _6\"></span>r<span class=\"__1 _1bc\"> </span>razonable. Dicho valor <span class=\"__1 _5\"></span>fue <span class=\"__1 _5\"></span>determinado por <span class=\"__1 _5\"></span>tasadores expertos e <span class=\"__1 _70\"></span>in<span class=\"__1 _6\"></span>dependientes y <span class=\"__1 _5\"></span>se considera <span class=\"__1 _70\"></span>como coste<span class=\"__1 _1bc\"> </span>hist\u00f3rico <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c8\"> </span>referencia <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c8\"> </span>acu<span class=\"__1 _6\"></span>erdo <span class=\"__1 _c8\"> </span>a <span class=\"__1 _c6\"> </span>lo <span class=\"__1 _c6\"> </span>establecido <span class=\"__1 _c6\"> </span>por <span class=\"__1 _c6\"> </span>las <span class=\"__1 _c8\"> </span>Normas <span class=\"__1 _c6\"> </span>Internacion<span class=\"__1 _6\"></span>ales <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>Contab<span class=\"__1 _6\"></span>ilidad. <span class=\"__1 _c6\"> </span>La<span class=\"__1 _1bc\"> </span>plusval\u00eda <span class=\"__1 _6\"></span>po<span class=\"__1 _6\"></span>r rev<span class=\"__1 _6\"></span>alorizaci\u00f3n <span class=\"__1 _6\"></span>asciende <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>54.102 <span class=\"__1 _6\"></span>miles <span class=\"__1 _8\"></span><span class=\"ff6\">\u20ac <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>31 <span class=\"__1 _8\"></span>de d<span class=\"__1 _6\"></span>iciembre <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>2023 <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>2022 <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>incluye <span class=\"__1 _6\"></span>en<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>el<span class=\"__1 _1bc\"> </span></span>ep\u00edgrafe \u201cAjustes en pat<span class=\"__1 _6\"></span>rimonio por <span class=\"__1 _6\"></span>valoraci\u00f3n\u201d del p<span class=\"__1 _6\"></span>atrimonio neto (v\u00e9ase N<span class=\"__1 _6\"></span>ota 21.6).<span class=\"__1 _1bc\"> </span>16.4<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff8 fc3\">Pol\u00edtica de seguros<span class=\"__1 _1bc\"> </span></span></span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>02<span class=\"__1 _6\"></span>3<span class=\"__1 _106\"> </span>3<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>/12<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o Cel<span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>:    Po<span class=\"__1 _6\"></span>nte<span class=\"__1 _5\"></span>vedra<span class=\"__1 _8\"></span> y c<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>por<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>ti<span class=\"__1 _6\"></span>vo<span class=\"__1 _8f\"> </span>32<span class=\"__1 _6\"></span>.76<span class=\"__1 _6\"></span>5<span class=\"__1 _4d\"> </span>16<span class=\"__1 _6\"></span>.4<span class=\"__1 _6\"></span>50    Na<span class=\"__1 _6\"></span>vi<span class=\"__1 _8\"></span>a<span class=\"__1 _b3\"> </span>26<span class=\"__1 _6\"></span>.88<span class=\"__1 _6\"></span>5<span class=\"__1 _4d\"> </span>1<span class=\"__1 _6\"></span>7.6<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>5    O<span class=\"__1 _6\"></span>tros<span class=\"__1 _13a\"> </span>1.78<span class=\"__1 _6\"></span>1<span class=\"__1 _23\"> </span>1.3<span class=\"__1 _6\"></span>51<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o Energ\u00eda<span class=\"__1 _6\"></span> Renova<span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>:    Huel<span class=\"__1 _6\"></span>va<span class=\"__1 _8\"></span> - 4<span class=\"__1 _6\"></span>6 <span class=\"__1 _6\"></span>MW <span class=\"__1 _e4\"> </span>5.60<span class=\"__1 _6\"></span>5<span class=\"__1 _23\"> </span>2.0<span class=\"__1 _6\"></span>98    Huel<span class=\"__1 _6\"></span>va<span class=\"__1 _8\"></span> - 5<span class=\"__1 _6\"></span>0 <span class=\"__1 _6\"></span>MW<span class=\"__1 _a7\"> </span>3<span class=\"__1 _6\"></span>.3<span class=\"__1 _6\"></span>81<span class=\"__1 _23\"> </span>1.5<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>8    Pu<span class=\"__1 _6\"></span>ertol<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>no \u2013 50<span class=\"__1 _6\"></span> MW<span class=\"__1 _14b\"> </span><span class=\"ff4\">3.2<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>5<span class=\"__1 _4a\"> </span>2<span class=\"__1 _6\"></span>.39<span class=\"__1 _6\"></span>0</span>    O<span class=\"__1 _6\"></span>tros<span class=\"__1 _13a\"> </span>4.16<span class=\"__1 _6\"></span>3<span class=\"__1 _23\"> </span>3.5<span class=\"__1 _6\"></span>45<span class=\"__1 _1bc\"> </span>Subtota<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span> <span class=\"__1 _19\"> </span><span class=\"ff3_1\">77.81<span class=\"__1 _6\"></span>5<span class=\"__1 _4d\"> </span>4<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.037<span class=\"__1 _1bc\"> </span></span>De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>hos<span class=\"__1 _8\"></span> de us<span class=\"__1 _8\"></span>o (ver Nota 1<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>)<span class=\"__1 _8e\"> </span>9.8<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>3<span class=\"__1 _4d\"> </span>11<span class=\"__1 _6\"></span>.05<span class=\"__1 _6\"></span>5<span class=\"__1 _1bc\"> </span>87<span class=\"__1 _6\"></span>.65<span class=\"__1 _6\"></span>8<span class=\"__1 _4d\"> </span>5<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>0<span class=\"__1 _6\"></span>92<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de Euros<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de E<span class=\"__1 _70\"></span>u<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>os<span class=\"__1 _ec\"> </span><span class=\"ls51\">2023<span class=\"__1 _4a\"> </span>2022<span class=\"__1 _1bc\"> </span></span>Cons<span class=\"__1 _8\"></span>tru<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _1bc\"> </span>28<span class=\"__1 _6\"></span>.4<span class=\"__1 _6\"></span>75<span class=\"__1 _25\"> </span>24<span class=\"__1 _6\"></span>.40<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span>I<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span> t<span class=\"__1 _5\"></span>\u00e9cni<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>s13<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.98<span class=\"__1 _6\"></span>8<span class=\"__1 _b\"> </span>12<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.28<span class=\"__1 _6\"></span>9<span class=\"__1 _1bc\"> </span>Ma<span class=\"__1 _6\"></span>qu<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>na<span class=\"__1 _8\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _91\"> </span>31<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.17<span class=\"__1 _6\"></span>0<span class=\"__1 _b\"> </span>30<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>.80<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>Ut<span class=\"__1 _70\"></span>i<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>j<span class=\"__1 _8\"></span>e<span class=\"__1 _14c\"> </span><span class=\"ls51\">717<span class=\"__1 _f\"> </span>712<span class=\"__1 _1bc\"> </span></span>Mobi<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>ri<span class=\"__1 _8\"></span>o<span class=\"__1 _147\"> </span>2.3<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>2<span class=\"__1 _6e\"> </span>2.34<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span>Otr<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> <span class=\"__1 _24\"> </span>1<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.90<span class=\"__1 _6\"></span>2<span class=\"__1 _25\"> </span>11<span class=\"__1 _6\"></span>.70<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span>48<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.60<span class=\"__1 _6\"></span>4<span class=\"__1 _14d\"> </span>47<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.26<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span>La <span class=\"__1 _6\"></span>pol\u00edtica <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>Grupo <span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>formalizar <span class=\"__1 _6\"></span>p\u00f3lizas <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>seguro <span class=\"__1 _6\"></span>para <span class=\"__1 _6\"></span>cubrir los<span class=\"__1 _6\"></span> po<span class=\"__1 _6\"></span>sibles <span class=\"__1 _6\"></span>riesgos <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>que est\u00e1<span class=\"__1 _6\"></span>n <span class=\"__1 _6\"></span>sujetos <span class=\"__1 _6\"></span>los diversos <span class=\"__1 _8\"></span>elementos <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>su<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>inmovilizado <span class=\"__1 _8\"></span>material. <span class=\"__1 _8\"></span>Los <span class=\"__1 _8\"></span>Administradores <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>Sociedad<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>Dominante, <span class=\"__1 _6\"></span>as\u00ed <span class=\"__1 _8\"></span>como sus <span class=\"__1 _c8\"></span>asesores <span class=\"__1 _4\"></span>en <span class=\"__1 _c8\"></span>esta <span class=\"__1 _4\"></span>materia, <span class=\"__1 _c8\"></span>estiman <span class=\"__1 _4\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _4\"></span>la <span class=\"__1 _c8\"></span>cobertura <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>estos<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>riesgos <span class=\"__1 _c8\"></span>al <span class=\"__1 _4\"></span>31 <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>dicie<span class=\"__1 _6\"></span>mbre <span class=\"__1 _4\"></span>de <span class=\"__1 _c8\"></span>2023 <span class=\"__1 _4\"></span>es adecuada. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-26": {
   "value": "Comprom<span class=\"__1 _6\"></span>isos de inversi\u00f3n<span class=\"__1 _1bc\"> </span> El <span class=\"__1 _6\"></span>Grupo <span class=\"__1 _6\"></span>ha <span class=\"__1 _6\"></span>comprometido <span class=\"__1 _6\"></span>invers<span class=\"__1 _6\"></span>iones <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>31 <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>diciembre <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>2023 <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>ser\u00e1n <span class=\"__1 _6\"></span>ejecutadas <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>futuro, <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>or<span class=\"__1 _1bc\"> </span> importe de, aproximadam<span class=\"__1 _6\"></span>ente, 33 millones \u20ac.<span class=\"__1 _1bc\"> </span>La pol\u00edtica <span class=\"__1 _5\"></span>del Grupo <span class=\"__1 _5\"></span>es formalizar p\u00f3lizas de <span class=\"__1 _70\"></span>seguro<span class=\"__1 _6\"></span>s para <span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>ubrir los posibles rie<span class=\"__1 _5\"></span>sgos a que <span class=\"__1 _70\"></span>est\u00e1n<span class=\"__1 _6\"></span> sujetas sus<span class=\"__1 _1bc\"> </span> existencias, estim\u00e1ndos<span class=\"__1 _6\"></span>e que la cobertura d<span class=\"__1 _6\"></span>e estos riesgos a 31 d<span class=\"__1 _6\"></span>e diciembre de 2023 y 2022 es a<span class=\"__1 _6\"></span>decuada.<span class=\"__1 _1bc\"> </span><span class=\"__1 _8\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-617": {
   "value": "17.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Activos por derecho de uso<span class=\"__1 _1bc\"> </span></span></span>17.1<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff8 fc3\">Acti<span class=\"__1 _6\"></span>vos por der<span class=\"__1 _5\"></span>echos de us<span class=\"__1 _5\"></span>o<span class=\"__1 _1bc\"> </span></span></span>El <span class=\"__1 _8\"></span>movimiento <span class=\"__1 _6\"></span>hab<span class=\"__1 _6\"></span>ido <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>las <span class=\"__1 _8\"></span>diferentes <span class=\"__1 _8\"></span>cuentas <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>recogen <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>\u201cDerechos<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>uso <span class=\"__1 _8\"></span>sobre <span class=\"__1 _6\"></span>activ<span class=\"__1 _6\"></span>os\u201d <span class=\"__1 _8\"></span>y <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>su<span class=\"__1 _1bc\"> </span>correspondientes a<span class=\"__1 _6\"></span>mortizaciones a<span class=\"__1 _6\"></span>cumuladas en 2023 y<span class=\"__1 _6\"></span> 2022 ha sido el s<span class=\"__1 _6\"></span>iguiente:<span class=\"__1 _1bc\"> </span>17.2<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff8 fc3\">Pasivos por arrendamient<span class=\"__1 _5\"></span>o<span class=\"__1 _1bc\"> </span></span></span>31<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>em<span class=\"__1 _70\"></span>b<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> de 20<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3<span class=\"__1 _dc\"> </span>N<span class=\"__1 _5\"></span>ota<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>o a<span class=\"__1 _8\"></span>l<span class=\"__1 _1bc\"> </span>01<span class=\"__1 _6\"></span>/0<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>23<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span>/<span class=\"__1 _1bc\"> </span>Dota<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>onesRe<span class=\"__1 _70\"></span>ti<span class=\"__1 _8\"></span>r<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>o a<span class=\"__1 _8\"></span>l<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>23<span class=\"__1 _1bc\"> </span>Cos<span class=\"__1 _8\"></span>te<span class=\"__1 _70\"></span> -<span class=\"__1 _1bc\"> </span>Te<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>enos<span class=\"__1 _6\"></span> b<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>of\u00e1<span class=\"__1 _8\"></span>br<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span> Pon<span class=\"__1 _6\"></span>te<span class=\"__1 _70\"></span>vedra<span class=\"__1 _1bc\"> </span>16<span class=\"__1 _6f\"> </span><span class=\"ls0_1\">1<span class=\"__1 _6\"></span>9.8<span class=\"__1 _6\"></span>98<span class=\"__1 _100\"> </span>-<span class=\"__1 _100\"> </span>-<span class=\"__1 _e6\"> </span>1<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>.89<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>r<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>dos<span class=\"__1 _8\"></span> for<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>ta<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _1bc\"> </span>16<span class=\"__1 _dd\"> </span><span class=\"ls0_1\">9<span class=\"__1 _6\"></span>.63<span class=\"__1 _6\"></span>3<span class=\"__1 _f\"> </span>1<span class=\"__1 _6\"></span>.58<span class=\"__1 _6\"></span>1<span class=\"__1 _af\"> </span>(1<span class=\"__1 _6\"></span>.08<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>)<span class=\"__1 _53\"> </span>1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.13<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span></span>Re<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>to (*)<span class=\"__1 _1bc\"> </span>16<span class=\"__1 _6f\"> </span><span class=\"ls0_1\">1<span class=\"__1 _6\"></span>7.3<span class=\"__1 _6\"></span>83<span class=\"__1 _61\"> </span>8.26<span class=\"__1 _6\"></span>2<span class=\"__1 _af\"> </span>(1<span class=\"__1 _6\"></span>.74<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>)<span class=\"__1 _53\"> </span>2<span class=\"__1 _6\"></span>3.8<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span></span>Coste<span class=\"__1 _12b\"> </span>4<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.91<span class=\"__1 _6\"></span>4<span class=\"__1 _f\"> </span>9<span class=\"__1 _6\"></span>.84<span class=\"__1 _6\"></span>3<span class=\"__1 _af\"> </span>(2.82<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>)<span class=\"__1 _53\"> </span>53<span class=\"__1 _6\"></span>.92<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _70\"></span>mor<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>za<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n -<span class=\"__1 _1bc\"> </span>Te<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>enos<span class=\"__1 _6\"></span> b<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>of\u00e1<span class=\"__1 _8\"></span>br<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span> Pon<span class=\"__1 _6\"></span>te<span class=\"__1 _70\"></span>vedra<span class=\"__1 _1bc\"> </span>16<span class=\"__1 _d4\"> </span>384<span class=\"__1 _14e\"> </span>391<span class=\"__1 _6b\"> </span><span class=\"ls0_1\">-<span class=\"__1 _95\"> </span></span>775<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>r<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>dos<span class=\"__1 _8\"></span> for<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>ta<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _1bc\"> </span>16<span class=\"__1 _dd\"> </span><span class=\"ls0_1\">2<span class=\"__1 _6\"></span>.39<span class=\"__1 _6\"></span>4<span class=\"__1 _6f\"> </span></span>687<span class=\"__1 _92\"> </span><span class=\"ls0_1\">(7<span class=\"__1 _6\"></span>93<span class=\"__1 _6\"></span>)<span class=\"__1 _4a\"> </span>2<span class=\"__1 _6\"></span>.28<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span></span>Re<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>to (*)<span class=\"__1 _1bc\"> </span>16<span class=\"__1 _dd\"> </span><span class=\"ls0_1\">6<span class=\"__1 _6\"></span>.39<span class=\"__1 _6\"></span>9<span class=\"__1 _f\"> </span>3<span class=\"__1 _6\"></span>.57<span class=\"__1 _6\"></span>5<span class=\"__1 _af\"> </span>(1<span class=\"__1 _6\"></span>.40<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)<span class=\"__1 _4a\"> </span>8<span class=\"__1 _6\"></span>.57<span class=\"__1 _6\"></span>4<span class=\"__1 _1bc\"> </span></span>Am<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>t<span class=\"__1 _6\"></span>iza<span class=\"__1 _70\"></span>ci<span class=\"__1 _5\"></span>\u00f3n<span class=\"__1 _14f\"> </span>9.17<span class=\"__1 _6\"></span>7<span class=\"__1 _f\"> </span>4<span class=\"__1 _6\"></span>.65<span class=\"__1 _6\"></span>3<span class=\"__1 _af\"> </span>(2.19<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>)<span class=\"__1 _53\"> </span>1<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>63<span class=\"__1 _6\"></span>7<span class=\"__1 _1bc\"> </span>Det<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>ioros de<span class=\"__1 _6\"></span> va<span class=\"__1 _5\"></span>lor <span class=\"__1 _9e\"> </span><span class=\"ff4 ls52\">19<span class=\"__1 _139\"> </span></span>-<span class=\"__1 _6b\"> </span>-<span class=\"__1 _100\"> </span>-<span class=\"__1 _dc\"> </span>-<span class=\"__1 _1bc\"> </span>T<span class=\"__1 _5\"></span>ot<span class=\"__1 _6\"></span>a<span class=\"__1 _5\"></span>l Ne<span class=\"__1 _6\"></span>t<span class=\"__1 _6\"></span>o  3<span class=\"__1 _6\"></span>7.73<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>   <span class=\"__1 _bb\"> </span>  42<span class=\"__1 _6\"></span>.29<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>  Mi<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> e<span class=\"__1 _5\"></span>ur<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>(*<span class=\"__1 _5\"></span>) I<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>uye pr<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>pa<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>me<span class=\"__1 _70\"></span>nte<span class=\"__1 _5\"></span> a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>enda<span class=\"__1 _8\"></span>m<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>ntos<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e ofi<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>n<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> y<span class=\"__1 _6\"></span> veh\u00edcul<span class=\"__1 _4\"></span>os<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>em<span class=\"__1 _70\"></span>b<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> de 20<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>2<span class=\"__1 _dc\"> </span>N<span class=\"__1 _5\"></span>ota<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>o a<span class=\"__1 _8\"></span>l<span class=\"__1 _1bc\"> </span>01<span class=\"__1 _6\"></span>/0<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>22<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span>/<span class=\"__1 _1bc\"> </span>Dota<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>onesRe<span class=\"__1 _70\"></span>ti<span class=\"__1 _8\"></span>r<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>o a<span class=\"__1 _8\"></span>l<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>22<span class=\"__1 _1bc\"> </span>Cos<span class=\"__1 _8\"></span>te<span class=\"__1 _70\"></span> -<span class=\"__1 _1bc\"> </span>Te<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>enos<span class=\"__1 _6\"></span> b<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>of\u00e1<span class=\"__1 _8\"></span>br<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span> Pon<span class=\"__1 _6\"></span>te<span class=\"__1 _70\"></span>vedra<span class=\"__1 _1bc\"> </span>16<span class=\"__1 _dd\"> </span><span class=\"ls0_1\">3<span class=\"__1 _6\"></span>.79<span class=\"__1 _6\"></span>1<span class=\"__1 _23\"> </span>22<span class=\"__1 _6\"></span>.97<span class=\"__1 _6\"></span>0<span class=\"__1 _af\"> </span>(6<span class=\"__1 _6\"></span>.86<span class=\"__1 _6\"></span>3)<span class=\"__1 _97\"> </span>19<span class=\"__1 _6\"></span>.89<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>r<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>dos<span class=\"__1 _8\"></span> for<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>ta<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _1bc\"> </span>16<span class=\"__1 _dd\"> </span><span class=\"ls0_1\">9<span class=\"__1 _6\"></span>.61<span class=\"__1 _6\"></span>6<span class=\"__1 _6f\"> </span></span>753<span class=\"__1 _92\"> </span><span class=\"ls0_1\">(7<span class=\"__1 _6\"></span>36<span class=\"__1 _6\"></span>)<span class=\"__1 _4a\"> </span>9<span class=\"__1 _6\"></span>.63<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span></span>Re<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>to (*)<span class=\"__1 _1bc\"> </span>16<span class=\"__1 _6f\"> </span><span class=\"ls0_1\">1<span class=\"__1 _6\"></span>1.6<span class=\"__1 _6\"></span>02<span class=\"__1 _61\"> </span>7.23<span class=\"__1 _6\"></span>0<span class=\"__1 _af\"> </span>(1<span class=\"__1 _6\"></span>.44<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>)<span class=\"__1 _53\"> </span>1<span class=\"__1 _6\"></span>7.3<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span></span>Coste<span class=\"__1 _12b\"> </span>2<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>9<span class=\"__1 _23\"> </span>30<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>9<span class=\"__1 _6\"></span>53<span class=\"__1 _af\"> </span>(9<span class=\"__1 _6\"></span>.04<span class=\"__1 _6\"></span>8)<span class=\"__1 _53\"> </span>4<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.91<span class=\"__1 _6\"></span>4<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _70\"></span>mor<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>za<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n -<span class=\"__1 _1bc\"> </span>Te<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>enos<span class=\"__1 _6\"></span> b<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>of\u00e1<span class=\"__1 _8\"></span>br<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span> Pon<span class=\"__1 _6\"></span>te<span class=\"__1 _70\"></span>vedra<span class=\"__1 _1bc\"> </span>16<span class=\"__1 _139\"> </span><span class=\"ls0_1\">-<span class=\"__1 _14e\"> </span></span>384<span class=\"__1 _100\"> </span><span class=\"ls0_1\">-<span class=\"__1 _11\"> </span></span>384<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>r<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>dos<span class=\"__1 _8\"></span> for<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>ta<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _1bc\"> </span>16<span class=\"__1 _dd\"> </span><span class=\"ls0_1\">2<span class=\"__1 _6\"></span>.14<span class=\"__1 _6\"></span>5<span class=\"__1 _6f\"> </span></span>680<span class=\"__1 _92\"> </span><span class=\"ls0_1\">(4<span class=\"__1 _6\"></span>31<span class=\"__1 _6\"></span>)<span class=\"__1 _4a\"> </span>2<span class=\"__1 _6\"></span>.39<span class=\"__1 _6\"></span>4<span class=\"__1 _1bc\"> </span></span>Re<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>to (*)<span class=\"__1 _1bc\"> </span>16<span class=\"__1 _dd\"> </span><span class=\"ls0_1\">4<span class=\"__1 _6\"></span>.34<span class=\"__1 _6\"></span>4<span class=\"__1 _f\"> </span>2<span class=\"__1 _6\"></span>.97<span class=\"__1 _6\"></span>3<span class=\"__1 _11\"> </span>(91<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>)<span class=\"__1 _4a\"> </span>6<span class=\"__1 _6\"></span>.39<span class=\"__1 _6\"></span>9<span class=\"__1 _1bc\"> </span></span>Am<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>t<span class=\"__1 _6\"></span>iza<span class=\"__1 _70\"></span>ci<span class=\"__1 _5\"></span>\u00f3n<span class=\"__1 _14f\"> </span>6.48<span class=\"__1 _6\"></span>9<span class=\"__1 _f\"> </span>4<span class=\"__1 _6\"></span>.03<span class=\"__1 _6\"></span>7<span class=\"__1 _af\"> </span>(1.34<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>)<span class=\"__1 _4a\"> </span>9<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>17<span class=\"__1 _6\"></span>7<span class=\"__1 _1bc\"> </span>Det<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>ioros de<span class=\"__1 _6\"></span> va<span class=\"__1 _5\"></span>lor <span class=\"__1 _9e\"> </span><span class=\"ff4 ls52\">19<span class=\"__1 _dd\"> </span></span>3<span class=\"__1 _6\"></span>.79<span class=\"__1 _6\"></span>1<span class=\"__1 _100\"> </span>-<span class=\"__1 _99\"> </span>(3<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>7<span class=\"__1 _6\"></span>91<span class=\"__1 _6\"></span>)<span class=\"__1 _e\"> </span>-<span class=\"__1 _1bc\"> </span>T<span class=\"__1 _5\"></span>ot<span class=\"__1 _6\"></span>a<span class=\"__1 _5\"></span>l Ne<span class=\"__1 _6\"></span>t<span class=\"__1 _6\"></span>o  1<span class=\"__1 _6\"></span>4.72<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>   <span class=\"__1 _bb\"> </span>  37<span class=\"__1 _6\"></span>.73<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>  Mi<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> e<span class=\"__1 _5\"></span>ur<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>(*<span class=\"__1 _5\"></span>) I<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>uye pr<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>pa<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>me<span class=\"__1 _70\"></span>nte<span class=\"__1 _5\"></span> a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>enda<span class=\"__1 _8\"></span>m<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>ntos<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e ofi<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>n<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> y<span class=\"__1 _6\"></span> veh\u00edcul<span class=\"__1 _4\"></span>os<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span><div class=\"c_1 w2_1 h58 gsf8\"><div class=\"t_1 m0_1 x69 h8_1 y1ef ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"__1 _8\"></span>movimiento <span class=\"__1 _8\"></span>habido <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>n <span class=\"__1 _8\"></span>este <span class=\"__1 _8\"></span>ep\u00edgra<span class=\"__1 _6\"></span>fe <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>Estado <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>Situ<span class=\"__1 _6\"></span>aci\u00f3n <span class=\"__1 _8\"></span>Finan<span class=\"__1 _6\"></span>ciera <span class=\"__1 _8\"></span>consolidado <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>2023<span class=\"__1 _5\"></span> <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>2022 <span class=\"__1 _8\"></span>ha<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 y1f0 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">sido el siguiente:<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x9a h8_1 ya5e ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x9a h8_1 ya5f ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x50 h8_1 ya60 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">En <span class=\"__1 _cb\"> </span>la  determinaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>del <span class=\"__1 _cb\"> </span>pasivo <span class=\"__1 _cb\"> </span>por <span class=\"__1 _150\"> </span>d<span class=\"__1 _6\"></span>erecho <span class=\"__1 _150\"> </span>de <span class=\"__1 _cb\"> </span>uso <span class=\"__1 _cb\"> </span>se  con<span class=\"__1 _6\"></span>sidera <span class=\"__1 _cb\"> </span>el  valor <span class=\"__1 _cb\"> </span>presente <span class=\"__1 _cb\"> </span>de <span class=\"__1 _150\"> </span>las<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>cuota<span class=\"__1 _6\"></span>s <span class=\"__1 _cb\"> </span>de<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x50 h8_1 ya61 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">arrendamiento pendientes <span class=\"__1 _70\"></span>de<span class=\"__1 _6\"></span> pago, <span class=\"__1 _70\"></span>menos cualquier <span class=\"__1 _70\"></span>in<span class=\"__1 _6\"></span>centivo recibido <span class=\"__1 _70\"></span>por el <span class=\"__1 _70\"></span>arrendamie<span class=\"__1 _6\"></span>nto. Las <span class=\"__1 _70\"></span>cuotas<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>son<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x50 h8_1 ya62 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">actualizadas <span class=\"__1 _6\"></span>con<span class=\"__1 _6\"></span>siderando <span class=\"__1 _6\"></span>la ta<span class=\"__1 _6\"></span>sa <span class=\"__1 _6\"></span>incremental <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>endeudamiento. <span class=\"__1 _8\"></span>Dicha <span class=\"__1 _6\"></span>tas<span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>ha <span class=\"__1 _6\"></span>estimado, <span class=\"__1 _6\"></span>considerand<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x50 h8_1 y540 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">informaci\u00f3n <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>m<span class=\"__1 _6\"></span>ercado <span class=\"__1 _70\"></span>disponib<span class=\"__1 _6\"></span>le, <span class=\"__1 _70\"></span>en <span class=\"__1 _70\"></span>el <span class=\"__1 _70\"></span>rango <span class=\"__1 _70\"></span>5,8<span class=\"__1 _6\"></span>%-<span class=\"__1 _6\"></span>6,0% <span class=\"__1 _70\"></span>para <span class=\"__1 _70\"></span>co<span class=\"__1 _6\"></span>ntratos <span class=\"__1 _70\"></span>con<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>una <span class=\"__1 _70\"></span>vigencia <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>1<span class=\"__1 _6\"></span>-5 <span class=\"__1 _70\"></span>a\u00f1os<span class=\"__1 _6\"></span>, <span class=\"__1 _70\"></span>6,1%-<span class=\"__1 _1bc\"> </span></div><div class=\"t_1 m0_1 x50 h8_1 y541 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">6,3% <span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>ara <span class=\"__1 _5\"></span>contratos con <span class=\"__1 _70\"></span>un<span class=\"__1 _6\"></span>a <span class=\"__1 _5\"></span>vigencia de <span class=\"__1 _70\"></span>5<span class=\"__1 _6\"></span>-10 a\u00f1os, <span class=\"__1 _70\"></span>6,3<span class=\"__1 _6\"></span>%-6,7% para <span class=\"__1 _70\"></span>contrato<span class=\"__1 _6\"></span>s <span class=\"__1 _5\"></span>con <span class=\"__1 _5\"></span>una vigencia <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>10<span class=\"__1 _6\"></span>-20 a\u00f1os<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x50 h8_1 y542 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">y 6,8%-7,7% para con<span class=\"__1 _6\"></span>tratos con u<span class=\"__1 _6\"></span>na vigencia entre 20<span class=\"__1 _6\"></span>-40 a\u00f1o<span class=\"__1 _6\"></span>s. <span class=\"fc8\"> </span></div><div class=\"t_1 m0_1 x50 h8_1 y543 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ENCE n<span class=\"__1 _6\"></span>o tiene <span class=\"__1 _6\"></span>previstas s<span class=\"__1 _6\"></span>alidas de <span class=\"__1 _6\"></span>efectivo <span class=\"__1 _6\"></span>futuras<span class=\"__1 _6\"></span> relevantes <span class=\"__1 _6\"></span>a las<span class=\"__1 _6\"></span> que <span class=\"__1 _6\"></span>est\u00e9 p<span class=\"__1 _6\"></span>otencialmente expu<span class=\"__1 _6\"></span>esto y <span class=\"__1 _6\"></span>que<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x50 h8_1 y544 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">no est\u00e9n reflejadas en la v<span class=\"__1 _6\"></span>aloraci\u00f3n de los<span class=\"__1 _6\"></span> pasivos p<span class=\"__1 _6\"></span>or arrendamiento.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x69 h64 ya63 ff3_1 fs0_1 fc5 sc0_1 ls0_1 ws0_1\">17.3<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff8 fc3\">Importes reconocidos en e<span class=\"__1 _5\"></span>l Estado de Res<span class=\"__1 _5\"></span>ultado Consol<span class=\"__1 _5\"></span>idado<span class=\"__1 _1bc\"> </span></span></span><span class=\"ff5\"><span class=\"ff8 fc3\"> </span></span></div><div class=\"t_1 m0_1 x69 h8_1 ya64 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Se <span class=\"__1 _4\"></span>detalla <span class=\"__1 _4\"></span>a <span class=\"__1 _8\"></span>contin<span class=\"__1 _6\"></span>uaci\u00f3n <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>i<span class=\"__1 _5\"></span>mpacto <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>las <span class=\"__1 _4\"></span>cuentas <span class=\"__1 _4\"></span><span class=\"ff6\">\u201cAmortizaci\u00f3n\u201d <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>\u201cGastos <span class=\"__1 _4\"></span>Financieros\u201d <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span></span>Estado <span class=\"__1 _4\"></span>de<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 ya65 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Resultado Consolidad<span class=\"__1 _6\"></span>o del ejerci<span class=\"__1 _5\"></span>cio 2023 y 2022<span class=\"__1 _5\"></span> por arrendamientos reconocidos bajo IFRS-16, as\u00ed como las<span class=\"__1 _1bc\"> </span><span class=\"__1 _5\"></span> </div><div class=\"t_1 m0_1 x69 h8_1 ya66 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">cuotas paga<span class=\"__1 _6\"></span>das en el ejercicio por dicho<span class=\"__1 _6\"></span>s contratos d<span class=\"__1 _6\"></span>e arrendamiento:<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 xed h8_1 ya67 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div></div><div class=\"c_1 wed h181 gsf9\"><div class=\"t_1 m28 x9 h182 ya69 ff4 fs38 fc0_1 sc0_1 ls0_1 ws0_1\">31<span class=\"__1 _6\"></span> de di<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>em<span class=\"__1 _70\"></span>br<span class=\"__1 _6\"></span>e de<span class=\"__1 _70\"></span> 2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>23<span class=\"__1 _1bc\"> </span></div><div class=\"t_1 m28 xee h182 ya6a ff4 fs38 fc0_1 sc0_1 ls0_1 ws0_1\">Not<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 wee h183 gsfa\"><div class=\"t_1 m28 x33 h182 ya6c ff4 fs38 fc0_1 sc0_1 ls0_1 ws0_1\">Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>do a<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span><span class=\"__1 _8\"></span> </div><div class=\"t_1 m28 x76 h182 ya6d ff4 fs38 fc0_1 sc0_1 ls0_1 ws0_1\">01<span class=\"__1 _6\"></span>/01<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>02<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 wed h181 gsf9\"><div class=\"t_1 m28 xce h182 ya6e ff4 fs38 fc0_1 sc0_1 ls0_1 ws0_1\">A<span class=\"__1 _5\"></span>di<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>ones<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 wee h183 gsfb\"><div class=\"t_1 m28 x38 h182 ya6c ff4 fs38 fc0_1 sc0_1 ls0_1 ws0_1\">Cuota<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> </div><div class=\"t_1 m28 x21 h182 ya6d ff4 fs38 fc0_1 sc0_1 ls0_1 ws0_1\">pa<span class=\"__1 _6\"></span>ga<span class=\"__1 _6\"></span>da<span class=\"__1 _8\"></span>s<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 wed h181 gsf9\"><div class=\"t_1 m28 xe8 h182 ya70 ff4 fs38 fc0_1 sc0_1 ls0_1 ws0_1\">Re<span class=\"__1 _5\"></span>ti<span class=\"__1 _6\"></span>ros<span class=\"__1 _154\"> </span>Tra<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>pa<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>os<span class=\"__1 _113\"> </span>I<span class=\"__1 _6\"></span>nte<span class=\"__1 _5\"></span>res<span class=\"__1 _6\"></span>es<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 wef h183 gsfc\"><div class=\"t_1 m28 xc0 h182 ya6c ff4 fs38 fc0_1 sc0_1 ls0_1 ws0_1\">Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>do a<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span><span class=\"__1 _8\"></span> </div><div class=\"t_1 m28 x3a h182 ya6d ff4 fs38 fc0_1 sc0_1 ls0_1 ws0_1\">31<span class=\"__1 _6\"></span>/12<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>02<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 wf0 h184 gsfd\"><div class=\"t_1 m28 x9 h182 ya72 ff4 fs38 fc0_1 sc0_1 ls0_1 ws0_1\">De<span class=\"__1 _5\"></span>uda<span class=\"__1 _6\"></span> c<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>to pl<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>zo<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 wed h185 gsfe\"><div class=\"t_1 m28 xe7 h182 ya74 ff4 fs38 fc0_1 sc0_1 ls0_1 ws0_1\">28<span class=\"__1 _6\"></span>.2<span class=\"__1 _92\"> </span>3<span class=\"__1 _6\"></span>.67<span class=\"__1 _6\"></span>6<span class=\"__1 _87\"> </span>-<span class=\"__1 _103\"> </span>(7<span class=\"__1 _6\"></span>.38<span class=\"__1 _6\"></span>1)<span class=\"__1 _2f\"> </span><span class=\"ls53\">28<span class=\"__1 _25\"> </span></span>6<span class=\"__1 _6\"></span>.420<span class=\"__1 _e6\"> </span>2.36<span class=\"__1 _6\"></span>4<span class=\"__1 _a2\"> </span>5<span class=\"__1 _6\"></span>.107<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 wf0 h184 gsfd\"><div class=\"t_1 m28 x9 h182 ya75 ff4 fs38 fc0_1 sc0_1 ls0_1 ws0_1\">De<span class=\"__1 _5\"></span>uda<span class=\"__1 _6\"></span> l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>go pl<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>zo<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 wed h185 gsff\"><div class=\"t_1 m28 xe7 h182 ya74 ff4 fs38 fc0_1 sc0_1 ls0_1 ws0_1\">28<span class=\"__1 _6\"></span>.2<span class=\"__1 _fd\"> </span>35.62<span class=\"__1 _6\"></span>4<span class=\"__1 _a2\"> </span>1<span class=\"__1 _6\"></span>1.13<span class=\"__1 _6\"></span>5<span class=\"__1 _87\"> </span>-<span class=\"__1 _53\"> </span>(6<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>1)<span class=\"__1 _12f\"> </span>(6<span class=\"__1 _6\"></span>.42<span class=\"__1 _6\"></span>0)<span class=\"__1 _1b\"> </span>-<span class=\"__1 _7e\"> </span>3<span class=\"__1 _6\"></span>9.7<span class=\"__1 _6\"></span>28<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 wed h185 gs100\"><div class=\"t_1 m28 xf0 h186 ya78 ff3_1 fs38 fc0_1 sc0_1 ls0_1 ws0_1\">39<span class=\"__1 _6\"></span>.300<span class=\"__1 _a2\"> </span>1<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.135<span class=\"__1 _25\"> </span>(7.381<span class=\"__1 _6\"></span>)<span class=\"__1 _97\"> </span>(58<span class=\"__1 _6\"></span>3)<span class=\"__1 _1b\"> </span>-<span class=\"__1 _25\"> </span>2.36<span class=\"__1 _6\"></span>4<span class=\"__1 _117\"> </span>4<span class=\"__1 _6\"></span>4.83<span class=\"__1 _6\"></span>5<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 wf1 h187 gs101\"><div class=\"t_1 m28 x5e h182 ya7a ff4 fs38 fc0_1 sc0_1 ls0_1 ws0_1\">Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> euros<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 wed h188 gs102\"><div class=\"t_1 m29 x9 h189 ya7c ff4 fs39 fc0_1 sc0_1 ls0_1 ws0_1\">31<span class=\"__1 _6\"></span> de di<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>em<span class=\"__1 _70\"></span>br<span class=\"__1 _6\"></span>e de<span class=\"__1 _70\"></span> 2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>22<span class=\"__1 _1bc\"> </span></div><div class=\"t_1 m29 xee h189 ya7d ff4 fs39 fc0_1 sc0_1 ls0_1 ws0_1\">Not<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 wee h18a gs103\"><div class=\"t_1 m29 x33 h189 ya7f ff4 fs39 fc0_1 sc0_1 ls0_1 ws0_1\">Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>do a<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span><span class=\"__1 _8\"></span> </div><div class=\"t_1 m29 x76 h189 ya80 ff4 fs39 fc0_1 sc0_1 ls0_1 ws0_1\">01<span class=\"__1 _6\"></span>/01<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>02<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 wed h188 gs102\"><div class=\"t_1 m29 xce h189 ya81 ff4 fs39 fc0_1 sc0_1 ls0_1 ws0_1\">A<span class=\"__1 _5\"></span>di<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>ones<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 wee h18a gs104\"><div class=\"t_1 m29 x38 h189 ya7f ff4 fs39 fc0_1 sc0_1 ls0_1 ws0_1\">Cuota<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> </div><div class=\"t_1 m29 x21 h189 ya80 ff4 fs39 fc0_1 sc0_1 ls0_1 ws0_1\">pa<span class=\"__1 _6\"></span>ga<span class=\"__1 _6\"></span>da<span class=\"__1 _8\"></span>s<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 wed h188 gs102\"><div class=\"t_1 m29 xe8 h189 ya83 ff4 fs39 fc0_1 sc0_1 ls0_1 ws0_1\">Re<span class=\"__1 _5\"></span>ti<span class=\"__1 _6\"></span>ros<span class=\"__1 _154\"> </span>Tra<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>pa<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>os<span class=\"__1 _113\"> </span>I<span class=\"__1 _6\"></span>nte<span class=\"__1 _5\"></span>res<span class=\"__1 _6\"></span>es<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 wef h18a gs105\"><div class=\"t_1 m29 xc0 h189 ya7f ff4 fs39 fc0_1 sc0_1 ls0_1 ws0_1\">Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>do a<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span><span class=\"__1 _8\"></span> </div><div class=\"t_1 m29 x3a h189 ya80 ff4 fs39 fc0_1 sc0_1 ls0_1 ws0_1\">31<span class=\"__1 _6\"></span>/12<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>02<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 wf0 h18b gs106\"><div class=\"t_1 m29 x9 h189 ya85 ff4 fs39 fc0_1 sc0_1 ls0_1 ws0_1\">De<span class=\"__1 _5\"></span>uda<span class=\"__1 _6\"></span> c<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>to pl<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>zo<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 wed h18c gs107\"><div class=\"t_1 m29 xe7 h189 ya87 ff4 fs39 fc0_1 sc0_1 ls0_1 ws0_1\">28<span class=\"__1 _6\"></span>.2<span class=\"__1 _92\"> </span>3<span class=\"__1 _6\"></span>.99<span class=\"__1 _6\"></span>5<span class=\"__1 _87\"> </span>-<span class=\"__1 _103\"> </span>(5<span class=\"__1 _6\"></span>.89<span class=\"__1 _6\"></span>1)<span class=\"__1 _12f\"> </span>(4<span class=\"__1 _6\"></span>.56<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>)<span class=\"__1 _25\"> </span>8<span class=\"__1 _6\"></span>.16<span class=\"__1 _6\"></span>1<span class=\"__1 _a2\"> </span>1.97<span class=\"__1 _6\"></span>8<span class=\"__1 _a2\"> </span>3<span class=\"__1 _6\"></span>.676<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 wf0 h18b gs106\"><div class=\"t_1 m29 x9 h189 ya88 ff4 fs39 fc0_1 sc0_1 ls0_1 ws0_1\">De<span class=\"__1 _5\"></span>uda<span class=\"__1 _6\"></span> l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>go pl<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>zo<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 wed h18c gs108\"><div class=\"t_1 m29 xe7 h189 ya87 ff4 fs39 fc0_1 sc0_1 ls0_1 ws0_1\">28<span class=\"__1 _6\"></span>.2<span class=\"__1 _fd\"> </span>13.57<span class=\"__1 _6\"></span>6<span class=\"__1 _a2\"> </span>3<span class=\"__1 _6\"></span>2.57<span class=\"__1 _6\"></span>4<span class=\"__1 _87\"> </span>-<span class=\"__1 _b\"> </span>(2<span class=\"__1 _6\"></span>.36<span class=\"__1 _6\"></span>5)<span class=\"__1 _12f\"> </span>(8<span class=\"__1 _6\"></span>.16<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>)<span class=\"__1 _ed\"> </span>-<span class=\"__1 _117\"> </span>35<span class=\"__1 _6\"></span>.62<span class=\"__1 _6\"></span>4<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 wed h18c gs109\"><div class=\"t_1 m29 xf0 h18d ya8b ff3_1 fs39 fc0_1 sc0_1 ls0_1 ws0_1\">17<span class=\"__1 _6\"></span>.571<span class=\"__1 _a2\"> </span>3<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.574<span class=\"__1 _25\"> </span>(5.891<span class=\"__1 _6\"></span>)<span class=\"__1 _12f\"> </span>(6.93<span class=\"__1 _6\"></span>2)<span class=\"__1 _1b\"> </span>-<span class=\"__1 _25\"> </span>1.97<span class=\"__1 _6\"></span>8<span class=\"__1 _117\"> </span>3<span class=\"__1 _6\"></span>9.30<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 wf1 h18e gs10a\"><div class=\"t_1 m29 x5e h189 ya8d ff4 fs39 fc0_1 sc0_1 ls0_1 ws0_1\">Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> euros<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 wf2 h18f gs10b\"><div class=\"t_1 m2a x9 h190 ya8f ff4 fs3a fc0_1 sc0_1 ls0_1 ws0_1\">31<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>em<span class=\"__1 _70\"></span>br<span class=\"__1 _6\"></span>e de<span class=\"__1 _5\"></span> 20<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3<span class=\"__1 _155\"> </span>N<span class=\"__1 _5\"></span>ota<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span></div><div class=\"t_1 m2a x9f h190 ya90 ff4 fs3a fc0_1 sc0_1 ls0_1 ws0_1\">A<span class=\"__1 _70\"></span>mor<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>za<span class=\"__1 _6\"></span>c<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 wf3 h191 gs10c\"><div class=\"t_1 m2a x56 h190 ya92 ff4 fs3a fc0_1 sc0_1 ls0_1 ws0_1\">Ga<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>o<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m2a x14 h190 ya93 ff4 fs3a fc0_1 sc0_1 ls0_1 ws0_1\">Fi<span class=\"__1 _8\"></span>na<span class=\"__1 _8\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 wf3 h191 gs10d\"><div class=\"t_1 m2a x56 h190 ya92 ff4 fs3a fc0_1 sc0_1 ls0_1 ws0_1\">Cuota<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> </div><div class=\"t_1 m2a x3f h190 ya93 ff4 fs3a fc0_1 sc0_1 ls0_1 ws0_1\">A<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>enda<span class=\"__1 _8\"></span>m<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>to<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 wf4 h192 gs10e\"><div class=\"t_1 m2a x9 h190 ya95 ff4 fs3a fc0_1 sc0_1 ls0_1 ws0_1\">Ga<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>o po<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span> a<span class=\"__1 _6\"></span>mor<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>za<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3<span class=\"__1 _6\"></span>n de a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span><span class=\"__1 _8\"></span> </div><div class=\"t_1 m2a x9 h190 ya96 ff4 fs3a fc0_1 sc0_1 ls0_1 ws0_1\">por<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>ech<span class=\"__1 _6\"></span>o de us<span class=\"__1 _8\"></span>o s<span class=\"__1 _8\"></span>obr<span class=\"__1 _6\"></span>e a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vos<span class=\"__1 _8\"></span> -<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 wf4 h193 gs10f\"><div class=\"t_1 m2a x38 h190 ya98 ff4 fs3a fc0_1 sc0_1 ls0_1 ws0_1\">Te<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>nos<span class=\"__1 _8\"></span> bi<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>f\u00e1<span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>Pon<span class=\"__1 _6\"></span>te<span class=\"__1 _70\"></span>vedra<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 wf2 h194 gs10f\"><div class=\"t_1 m2a xf3 h190 ya9a ff4 fs3a fc0_1 sc0_1 ls0_1 ws0_1\">13<span class=\"__1 _6\"></span> y<span class=\"__1 _6\"></span> 16<span class=\"__1 _e5\"> </span><span class=\"ls54\">391<span class=\"__1 _61\"> </span></span>1.53<span class=\"__1 _6\"></span>8<span class=\"__1 _61\"> </span>1<span class=\"__1 _6\"></span>.57<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 wf2 h195 gs110\"><div class=\"t_1 m2a x38 h190 ya9c ff4 fs3a fc0_1 sc0_1 ls0_1 ws0_1\">Otr<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> te<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>nos<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 wf2 h194 gs111\"><div class=\"t_1 m2a xf3 h190 ya9a ff4 fs3a fc0_1 sc0_1 ls0_1 ws0_1\">13<span class=\"__1 _6\"></span> y<span class=\"__1 _6\"></span> 16<span class=\"__1 _e5\"> </span><span class=\"ls54\">687<span class=\"__1 _6f\"> </span>325<span class=\"__1 _61\"> </span></span>1.10<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 wf2 h195 gs110\"><div class=\"t_1 m2a x38 h190 ya9e ff4 fs3a fc0_1 sc0_1 ls0_1 ws0_1\">Otr<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _8\"></span>vos<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 wf2 h194 gs112\"><div class=\"t_1 m2a xf3 h190 ya9a ff4 fs3a fc0_1 sc0_1 ls0_1 ws0_1\">13<span class=\"__1 _6\"></span> y<span class=\"__1 _6\"></span> 16<span class=\"__1 _d\"> </span>3<span class=\"__1 _6\"></span>.57<span class=\"__1 _6\"></span>5<span class=\"__1 _6f\"> </span><span class=\"ls54\">501<span class=\"__1 _61\"> </span></span>4.7<span class=\"__1 _6\"></span>05<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 wf2 h194 gs113\"><div class=\"t_1 m2a xf4 h196 yaa1 ff3_1 fs3a fc0_1 sc0_1 ls0_1 ws0_1\">4.65<span class=\"__1 _6\"></span>3<span class=\"__1 _61\"> </span>2<span class=\"__1 _6\"></span>.364<span class=\"__1 _61\"> </span>7<span class=\"__1 _6\"></span>.38<span class=\"__1 _6\"></span>1<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 wf5 h197 gs114\"><div class=\"t_1 m2a xf5 h190 yaa3 ff4 fs3a fc0_1 sc0_1 ls0_1 ws0_1\">Mi<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>Euros<span class=\"__1 _1bc\"> </span></div></div>El <span class=\"__1 _4\"></span>importe <span class=\"__1 _4\"></span>reconocido <span class=\"__1 _4\"></span>como <span class=\"__1 _4\"></span>gasto <span class=\"__1 _4\"></span>correspondiente <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>arrendamientos <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>corto <span class=\"__1 _4\"></span>plazo <span class=\"__1 _8\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>p<span class=\"__1 _5\"></span>agos <span class=\"__1 _4\"></span>variables <span class=\"__1 _4\"></span>no<span class=\"__1 _1bc\"> </span>incluidos <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>valoraci\u00f3n <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>pas<span class=\"__1 _6\"></span>ivo <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>ejercicios <span class=\"__1 _4\"></span>2023 <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>2022 <span class=\"__1 _4\"></span>ha <span class=\"__1 _4\"></span>sido <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>942 <span class=\"__1 _4\"></span>miles <span class=\"__1 _4\"></span>\u20ac <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>774 <span class=\"__1 _4\"></span>m<span class=\"__1 _5\"></span>iles <span class=\"__1 _4\"></span>\u20ac,<span class=\"__1 _1bc\"> </span>respectivamente (v\u00e9as<span class=\"__1 _6\"></span>e Nota 12.1).<span class=\"__1 _1bc\"> </span>Considerando  los <span class=\"__1 _c6\"> </span>con<span class=\"__1 _6\"></span>tratos <span class=\"__1 _ca\"> </span>vigentes  al <span class=\"__1 _ca\"> </span>31 <span class=\"__1 _c6\"> </span>de  diciembre  de <span class=\"__1 _c6\"> </span>2023,  el <span class=\"__1 _c6\"> </span>gasto  por <span class=\"__1 _c6\"> </span>amo<span class=\"__1 _6\"></span>rtizaci\u00f3n  y <span class=\"__1 _c6\"> </span>el  gasto<span class=\"__1 _1bc\"> </span>financiero medio en los<span class=\"__1 _6\"></span> pr\u00f3ximos 5 <span class=\"__1 _6\"></span>a\u00f1os, v<span class=\"__1 _6\"></span>inculados a los activos<span class=\"__1 _6\"></span> por derechos d<span class=\"__1 _6\"></span>e uso ser\u00e1 de 3,9 millon<span class=\"__1 _6\"></span>es \u20ac<span class=\"__1 _1bc\"> </span>y 2,5 millones \u20ac, respectivame<span class=\"__1 _6\"></span>nte (2,2 millones \u20ac <span class=\"__1 _6\"></span>y 0,4 millones \u20ac <span class=\"__1 _6\"></span>al 31 de diciembr<span class=\"__1 _6\"></span><span class=\"ff4\">e de 2<span class=\"__1 _6\"></span>022). </span>31<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>em<span class=\"__1 _70\"></span>br<span class=\"__1 _6\"></span>e de<span class=\"__1 _5\"></span> 20<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>2<span class=\"__1 _155\"> </span>N<span class=\"__1 _5\"></span>ota<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _70\"></span>mor<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>za<span class=\"__1 _6\"></span>c<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _1bc\"> </span>Ga<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>o<span class=\"__1 _1bc\"> </span>Fi<span class=\"__1 _8\"></span>na<span class=\"__1 _8\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>Cuota<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>enda<span class=\"__1 _8\"></span>m<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>to<span class=\"__1 _1bc\"> </span>Ga<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>o po<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span> a<span class=\"__1 _6\"></span>mor<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>za<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3<span class=\"__1 _6\"></span>n de a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>por<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>ech<span class=\"__1 _6\"></span>o de us<span class=\"__1 _8\"></span>o s<span class=\"__1 _8\"></span>obr<span class=\"__1 _6\"></span>e a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vos<span class=\"__1 _8\"></span> -<span class=\"__1 _1bc\"> </span>Te<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>nos<span class=\"__1 _8\"></span> bi<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>f\u00e1<span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>Pon<span class=\"__1 _6\"></span>te<span class=\"__1 _70\"></span>vedra<span class=\"__1 _1bc\"> </span>13<span class=\"__1 _6\"></span> y<span class=\"__1 _6\"></span> 16<span class=\"__1 _e5\"> </span><span class=\"ls54\">384<span class=\"__1 _61\"> </span></span>1.54<span class=\"__1 _6\"></span>0<span class=\"__1 _61\"> </span>1<span class=\"__1 _6\"></span>.57<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span>Otr<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> te<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>nos<span class=\"__1 _1bc\"> </span>13<span class=\"__1 _6\"></span> y<span class=\"__1 _6\"></span> 16<span class=\"__1 _e5\"> </span><span class=\"ls54\">680<span class=\"__1 _6f\"> </span>256<span class=\"__1 _6f\"> </span>913<span class=\"__1 _1bc\"> </span></span>Otr<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _8\"></span>vos<span class=\"__1 _1bc\"> </span>13<span class=\"__1 _6\"></span> y<span class=\"__1 _6\"></span> 16<span class=\"__1 _d\"> </span>2<span class=\"__1 _6\"></span>.97<span class=\"__1 _6\"></span>3<span class=\"__1 _6f\"> </span><span class=\"ls54\">182<span class=\"__1 _61\"> </span></span>3.4<span class=\"__1 _6\"></span>08<span class=\"__1 _1bc\"> </span>4.03<span class=\"__1 _6\"></span>7<span class=\"__1 _61\"> </span>1<span class=\"__1 _6\"></span>.978<span class=\"__1 _61\"> </span>5<span class=\"__1 _6\"></span>.89<span class=\"__1 _6\"></span>1<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>Euros",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-27": {
   "value": "17.2 Pasivos por arrendamiento El movimiento habido en este ep\u00edgrafe del Estado de Situaci\u00f3n Financiera consolidado en 2023 y 2022 ha sido el siguiente: En  la  determinaci\u00f3n  del  pasivo  por  derecho  de  uso  se  considera  el  valor  presente  de  las  cuotas  de arrendamiento pendientes de pago, menos cualquier incentivo recibido por el arrendamiento. Las cuotas son actualizadas considerando la tasa incremental de endeudamiento. Dicha tasa se ha estimado, considerando informaci\u00f3n de mercado disponible, en el rango 5,8%-6,0% para contratos con una vigencia de 1-5 a\u00f1os, 6,1%- 6,3% para contratos con una vigencia de 5-10 a\u00f1os, 6,3%-6,7% para contratos con una vigencia de 10-20 a\u00f1os y 6,8%-7,7% para contratos con una vigencia entre 20-40 a\u00f1os. ENCE no tiene previstas salidas de efectivo futuras relevantes a las que est\u00e9 potencialmente expuesto y que no est\u00e9n reflejadas en la valoraci\u00f3n de los pasivos por arrendamiento. 31 de diciembre de 2023 Notas Saldo al 01/01/2023 Adiciones Cuotas pagadas Retiros Traspasos Intereses Saldo al 31/12/2023 Deuda corto plazo 28.2 3.676 - (7.381) 28 6.420 2.364 5.107 Deuda largo plazo 28.2 35.624 11.135 - (611) (6.420) - 39.728 39.300 11.135 (7.381) (583) - 2.364 44.835 Miles de euros 31 de diciembre de 2022 Notas Saldo al 01/01/2022 Adiciones Cuotas pagadas Retiros Traspasos Intereses Saldo al 31/12/2022 Deuda corto plazo 28.2 3.995 - (5.891) (4.567) 8.161 1.978 3.676 Deuda largo plazo 28.2 13.576 32.574 - (2.365) (8.161) - 35.624 17.571 32.574 (5.891) (6.932) - 1.978 39.300 Miles de euros ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLeasesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-28": {
   "value": "18.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Activos biol\u00f3gicos </span></span>En <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>ep\u00edgrafe <span class=\"__1 _8\"></span>\u201cA<span class=\"__1 _6\"></span>ctivos <span class=\"__1 _8\"></span>biol\u00f3gicos\u201d<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>incluyen <span class=\"__1 _8\"></span>exclusivam<span class=\"__1 _6\"></span>ente <span class=\"__1 _8\"></span>los <span class=\"__1 _4\"></span>vuelos <span class=\"__1 _6\"></span>foresta<span class=\"__1 _6\"></span>les <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>Grupo,<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>ya <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>los<span class=\"__1 _1bc\"> </span>terrenos <span class=\"__1 _70\"></span>pro<span class=\"__1 _6\"></span>piedad <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _70\"></span>Grupo, <span class=\"__1 _5\"></span>en <span class=\"__1 _70\"></span>los que <span class=\"__1 _70\"></span>se <span class=\"__1 _70\"></span>ubican<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>los <span class=\"__1 _70\"></span>v<span class=\"__1 _6\"></span>uelos <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>presentan en <span class=\"__1 _70\"></span>el <span class=\"__1 _70\"></span>ep\u00edgrafe <span class=\"__1 _70\"></span>\u201cPro<span class=\"__1 _6\"></span>piedad, <span class=\"__1 _5\"></span>planta<span class=\"__1 _1bc\"> </span>y <span class=\"ls0_1\">equipo <span class=\"ff6\">\u2013</span> <span class=\"ff6\">terrenos foresta<span class=\"__1 _6\"></span>les\u201d. Su variaci\u00f3n<span class=\"__1 _6\"></span> durante los ejercicios 2023 y 2022 h<span class=\"__1 _6\"></span>a sido la s<span class=\"__1 _6\"></span>iguiente:<span class=\"__1 _1bc\"> </span></span></span>31<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>em<span class=\"__1 _70\"></span>b<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> de 20<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>o a<span class=\"__1 _8\"></span>l<span class=\"__1 _1bc\"> </span>01<span class=\"__1 _6\"></span>/0<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span> o<span class=\"__1 _1bc\"> </span>dota<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _70\"></span>ti<span class=\"__1 _8\"></span>r<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> o<span class=\"__1 _1bc\"> </span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>duc<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>nes<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>o a<span class=\"__1 _8\"></span>l<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>N<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>goc<span class=\"__1 _70\"></span>io celulos<span class=\"__1 _5\"></span>a<span class=\"__1 _5\"></span>:<span class=\"__1 _1bc\"> </span>Vue<span class=\"__1 _70\"></span>l<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span> fo<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _156\"> </span>  1<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>6.7<span class=\"__1 _6\"></span>00<span class=\"__1 _6\"></span>  <span class=\"__1 _6\"></span> <span class=\"__1 _33\"> </span>  1<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.45<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>   <span class=\"__1 _cd\"> </span><span class=\"ls55\">         (4.36<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>)   <span class=\"__1 _106\"> </span></span>  12<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.78<span class=\"__1 _6\"></span>2 A<span class=\"__1 _70\"></span>gota<span class=\"__1 _6\"></span>mi<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>to de<span class=\"__1 _5\"></span> l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span> fo<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span>tal      (53<span class=\"__1 _6\"></span>.81<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>)   <span class=\"__1 _c9\"> </span>         (8<span class=\"__1 _6\"></span>.79<span class=\"__1 _6\"></span>7)   <span class=\"__1 _f9\"> </span><span class=\"ls0_1\">  4<span class=\"__1 _6\"></span>.24<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>   <span class=\"__1 _cc\"> </span></span>      (5<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.36<span class=\"__1 _6\"></span>6)  De<span class=\"__1 _5\"></span>t<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span>o d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> va<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span> (Not<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span> 1<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>)<span class=\"__1 _129\"> </span><span class=\"ls55\">         (2.50<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>)   <span class=\"__1 _c9\"> </span>         (1<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)   <span class=\"__1 _cc\"> </span>                    -   <span class=\"__1 _c9\"> </span>         (3<span class=\"__1 _6\"></span>.50<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>) </span>  6<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>37<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>   <span class=\"__1 _f9\"> </span>  6<span class=\"__1 _6\"></span>.653<span class=\"__1 _6\"></span>   <span class=\"__1 _cf\"> </span><span class=\"ls55\">            (12<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>)   <span class=\"__1 _33\"> </span></span>  6<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>9<span class=\"__1 _6\"></span>08<span class=\"__1 _6\"></span> N<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>goc<span class=\"__1 _70\"></span>io e<span class=\"__1 _6\"></span>ne<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>g\u00eda<span class=\"__1 _70\"></span> r<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>nova<span class=\"__1 _5\"></span>ble:<span class=\"__1 _1bc\"> </span>Vue<span class=\"__1 _70\"></span>l<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span> fo<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _157\"> </span>  2<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>   <span class=\"__1 _23\"> </span>  4<span class=\"__1 _6\"></span>9  <span class=\"__1 _6\"></span> <span class=\"__1 _cc\"> </span><span class=\"ls55\">                    -   <span class=\"__1 _f9\"> </span></span>  2.05<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span> A<span class=\"__1 _70\"></span>gota<span class=\"__1 _6\"></span>mi<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>to de<span class=\"__1 _5\"></span> l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span> fo<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span>tal         (1.75<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>)   <span class=\"__1 _cc\"> </span>                    -   <span class=\"__1 _cc\"> </span>                    -   <span class=\"__1 _cd\"> </span>         (1.75<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>) De<span class=\"__1 _5\"></span>t<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span>o d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> va<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span> (Not<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span> 1<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>)<span class=\"__1 _15\"> </span><span class=\"ls55\">              (9<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>)   <span class=\"__1 _cc\"> </span>                    -   <span class=\"__1 _d1\"> </span>                    -   <span class=\"__1 _cc\"> </span>              (96<span class=\"__1 _6\"></span>) </span>  1<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>4  <span class=\"__1 _6\"></span> <span class=\"__1 _23\"> </span>  49<span class=\"__1 _6\"></span>   <span class=\"__1 _d1\"> </span><span class=\"ls55\">                    -   <span class=\"__1 _97\"> </span></span>  2<span class=\"__1 _6\"></span>03<span class=\"__1 _6\"></span>   6<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>53<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>   <span class=\"__1 _10a\"> </span>  6<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.11<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span> Mi<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> e<span class=\"__1 _5\"></span>ur<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>ENCE <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>ha ad<span class=\"__1 _6\"></span>judicado <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>2023 <span class=\"__1 _6\"></span>el p<span class=\"__1 _6\"></span>atrimonio <span class=\"__1 _6\"></span>forestal <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>Sniace <span class=\"__1 _6\"></span>ubicado <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>Cantabria, <span class=\"__1 _6\"></span>que in<span class=\"__1 _6\"></span>cluye <span class=\"__1 _6\"></span>un to<span class=\"__1 _6\"></span>tal<span class=\"__1 _1bc\"> </span>3.362 <span class=\"__1 _c8\"> </span>hect\u00e1<span class=\"__1 _6\"></span>reas <span class=\"__1 _c8\"> </span>for<span class=\"__1 _6\"></span>estales, <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c8\"> </span>las<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>que <span class=\"__1 _c6\"> </span>11<span class=\"__1 _6\"></span>7 <span class=\"__1 _c8\"> </span>h<span class=\"__1 _6\"></span>ect\u00e1reas <span class=\"__1 _c6\"> </span>son <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c8\"> </span>prop<span class=\"__1 _6\"></span>iedad <span class=\"__1 _c8\"> </span>(v<span class=\"__1 _6\"></span>\u00e9ase <span class=\"__1 _c8\"> </span>Nota<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>1<span class=\"__1 _6\"></span>6), <span class=\"__1 _c8\"> </span>cinco <span class=\"__1 _c6\"> </span>huertos<span class=\"__1 _1bc\"> </span>semilleros <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>eucalipto <span class=\"__1 _4\"></span>Nitens <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>dos <span class=\"__1 _4\"></span>especi<span class=\"__1 _6\"></span>es <span class=\"__1 _4\"></span>comerciales <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>eucalipto <span class=\"__1 _4\"></span>Gl\u00f3bulus,<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>resistentes <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>las <span class=\"__1 _4\"></span>plagas<span class=\"__1 _1bc\"> </span>locales de este cultivo<span class=\"__1 _6\"></span> por un importe con<span class=\"__1 _6\"></span>junto <span class=\"ff6\">d<span class=\"__1 _6\"></span>e 10,8 millones \u20ac</span><span class=\"ls17\">. </span>Por <span class=\"__1 _6\"></span>otra <span class=\"__1 _8\"></span>parte, <span class=\"__1 _6\"></span>ENCE <span class=\"__1 _6\"></span>h<span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>realizado<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>ejercicios <span class=\"__1 _6\"></span>2023 <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>2022 <span class=\"__1 _8\"></span>labores <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>plantaci\u00f3n <span class=\"__1 _8\"></span>en 1.273 <span class=\"__1 _6\"></span>hect\u00e1reas <span class=\"__1 _8\"></span>y<span class=\"__1 _1bc\"> </span>1.529 <span class=\"__1 _c6\"> </span>hect\u00e1reas<span class=\"__1 _6\"></span>, <span class=\"__1 _c6\"> </span>respectivamente,  y <span class=\"__1 _c6\"> </span>ha <span class=\"__1 _c6\"> </span>ejecu<span class=\"__1 _6\"></span>tado <span class=\"__1 _c6\"> </span>lab<span class=\"__1 _6\"></span>ores <span class=\"__1 _c6\"> </span>de <span class=\"__1 _ca\"> </span>conservaci\u00f3n  y <span class=\"__1 _c8\"> </span>s<span class=\"__1 _6\"></span>elvicultura <span class=\"__1 _c6\"> </span>s<span class=\"__1 _6\"></span>obre <span class=\"__1 _c6\"> </span>19.878<span class=\"__1 _1bc\"> </span>hect\u00e1reas <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>13.843 <span class=\"__1 _4\"></span>hect\u00e1reas, <span class=\"__1 _8\"></span>resp<span class=\"__1 _6\"></span>ectivamente, <span class=\"__1 _4\"></span>lo <span class=\"__1 _8\"></span>que <span class=\"__1 _4\"></span>ha <span class=\"__1 _8\"></span>supuesto <span class=\"__1 _4\"></span>una <span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>versi\u00f3n <span class=\"__1 _4\"></span>por <span class=\"__1 _8\"></span>importe <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>16.499<span class=\"__1 _1bc\"> </span>miles <span class=\"__1 _6\"></span>\u20ac <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>6.620 <span class=\"__1 _8\"></span>miles <span class=\"__1 _8\"></span>\u20ac, <span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>espectivamente. <span class=\"__1 _8\"></span>Una <span class=\"__1 _8\"></span>parte <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>estas <span class=\"__1 _8\"></span>inversion<span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>or <span class=\"__1 _8\"></span>import<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>8.779 <span class=\"__1 _8\"></span>miles <span class=\"__1 _8\"></span>\u20ac <span class=\"__1 _8\"></span>en<span class=\"__1 _1bc\"> </span>2023 <span class=\"__1 _c6\"> </span>y  5.707  miles <span class=\"__1 _c6\"> </span><span class=\"ff6\">\u20ac  en <span class=\"__1 _ca\"> </span>2022 <span class=\"__1 _ca\"> </span>se <span class=\"__1 _ca\"> </span>recogen  en <span class=\"__1 _c6\"> </span>el  ep\u00edgrafe <span class=\"__1 _ca\"> </span>\u201cTrabajos  realizados <span class=\"__1 _ca\"> </span>por <span class=\"__1 _ca\"> </span>la  em<span class=\"__1 _5\"></span>presa  para <span class=\"__1 _ca\"> </span>el<span class=\"__1 _1bc\"> </span></span>inmovilizado\u201d del E<span class=\"__1 _6\"></span>st<span class=\"ff4\">ado<span class=\"__1 _6\"></span> de Resultado consolida<span class=\"__1 _6\"></span>do. </span>Por su parte, <span class=\"__1 _6\"></span>el Grupo ha <span class=\"__1 _6\"></span>capitalizad<span class=\"__1 _6\"></span>o en ejercicio 2023<span class=\"__1 _6\"></span> un i<span class=\"__1 _6\"></span>mporte de 1.01<span class=\"__1 _8\"></span>2 <span class=\"ff6\">miles de<span class=\"__1 _6\"></span> euros (936 <span class=\"__1 _6\"></span>miles \u20ac en<span class=\"__1 _1bc\"> </span></span>2022) <span class=\"__1 _5\"></span>correspondiente a <span class=\"__1 _70\"></span>cuot<span class=\"__1 _6\"></span>as por <span class=\"__1 _70\"></span>derecho de <span class=\"__1 _70\"></span>uso y <span class=\"__1 _70\"></span>costes<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>finan<span class=\"__1 _6\"></span>cieros <span class=\"__1 _5\"></span>de <span class=\"__1 _5\"></span>terrenos destinados al <span class=\"__1 _70\"></span>desarrollo<span class=\"__1 _1bc\"> </span>de activos biol\u00f3<span class=\"__1 _6\"></span>gicos (v\u00e9ase Nota 17)<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span>ENCE <span class=\"__1 _8\"></span>suscribi\u00f3 <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>2018 <span class=\"__1 _8\"></span>diversos <span class=\"__1 _8\"></span>acuerdos <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>largo <span class=\"__1 _8\"></span>plazo <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>venta <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>mad<span class=\"__1 _6\"></span>era <span class=\"__1 _6\"></span>pro<span class=\"__1 _8\"></span>cedente <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>su <span class=\"__1 _8\"></span>patrimonio<span class=\"__1 _1bc\"> </span>forestal ubicado en el <span class=\"__1 _6\"></span>Sur de <span class=\"__1 _6\"></span>Espa\u00f1a.<span class=\"__1 _6\"></span> Los acuerdos est\u00e1n<span class=\"__1 _6\"></span> vigentes hasta d<span class=\"__1 _6\"></span>iciembre de 2030 y los<span class=\"__1 _6\"></span> vol\u00famenes<span class=\"__1 _1bc\"> </span>acordados s<span class=\"__1 _6\"></span>e sit\u00faan entre 170.000 toneladas<span class=\"__1 _6\"></span> y 240.000 toneladas<span class=\"__1 _6\"></span> anuales.<span class=\"__1 _1bc\"> </span>18.1<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff8 fc3\">Detalle de vuelos forestales<span class=\"__1 _5\"></span> </span></span>El detalle de los v<span class=\"__1 _6\"></span>uelos forestales a<span class=\"__1 _6\"></span>l 31 de diciembre de 20<span class=\"__1 _6\"></span>23 y 2022 es el siguient<span class=\"__1 _6\"></span>e:<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>em<span class=\"__1 _70\"></span>b<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> de 20<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>o a<span class=\"__1 _8\"></span>l<span class=\"__1 _1bc\"> </span>01<span class=\"__1 _6\"></span>/0<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span> o<span class=\"__1 _1bc\"> </span>dota<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _70\"></span>ti<span class=\"__1 _8\"></span>r<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> o<span class=\"__1 _1bc\"> </span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>duc<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>nes<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>o a<span class=\"__1 _8\"></span>l<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>N<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>goc<span class=\"__1 _70\"></span>io celulos<span class=\"__1 _5\"></span>a<span class=\"__1 _5\"></span>:<span class=\"__1 _1bc\"> </span>Vue<span class=\"__1 _70\"></span>l<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span> fo<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _156\"> </span>  1<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>5.8<span class=\"__1 _6\"></span>04<span class=\"__1 _6\"></span>  <span class=\"__1 _6\"></span> <span class=\"__1 _f9\"> </span>  6.57<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>   <span class=\"__1 _cd\"> </span><span class=\"ls55\">         (5.67<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>)   <span class=\"__1 _106\"> </span></span>  11<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.70<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> A<span class=\"__1 _70\"></span>gota<span class=\"__1 _6\"></span>mi<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>to de<span class=\"__1 _5\"></span> l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span> fo<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span>tal      (51<span class=\"__1 _6\"></span>.79<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>)   <span class=\"__1 _c9\"> </span>         (6<span class=\"__1 _6\"></span>.96<span class=\"__1 _6\"></span>0)   <span class=\"__1 _f9\"> </span><span class=\"ls0_1\">  4<span class=\"__1 _6\"></span>.93<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>   <span class=\"__1 _cc\"> </span></span>      (5<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.81<span class=\"__1 _6\"></span>5)  De<span class=\"__1 _5\"></span>t<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span>o d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> va<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span> (Not<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span> 1<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>)<span class=\"__1 _129\"> </span><span class=\"ls55\">         (4.43<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)   <span class=\"__1 _c9\"> </span>         (1<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)   <span class=\"__1 _f9\"> </span></span>  2.92<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>   <span class=\"__1 _cd\"> </span><span class=\"ls55\">         (2.50<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>) </span>  5<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>58<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>   <span class=\"__1 _cd\"> </span><span class=\"ls55\">         (1.38<span class=\"__1 _6\"></span>6)   <span class=\"__1 _f9\"> </span></span>  2.18<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>   <span class=\"__1 _33\"> </span>  6<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.37<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span> N<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>goc<span class=\"__1 _70\"></span>io e<span class=\"__1 _6\"></span>ne<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>g\u00eda<span class=\"__1 _70\"></span> r<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>nova<span class=\"__1 _5\"></span>ble:<span class=\"__1 _1bc\"> </span>Vue<span class=\"__1 _70\"></span>l<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span> fo<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _157\"> </span>  2<span class=\"__1 _6\"></span>.38<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>   <span class=\"__1 _23\"> </span>  4<span class=\"__1 _6\"></span>6  <span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span><span class=\"ls55\">            (4<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>5)   <span class=\"__1 _f9\"> </span></span>  2<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> A<span class=\"__1 _70\"></span>gota<span class=\"__1 _6\"></span>mi<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>to de<span class=\"__1 _5\"></span> l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span> fo<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span>tal         (2.13<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>)   <span class=\"__1 _cc\"> </span>              (3<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)   <span class=\"__1 _97\"> </span><span class=\"ls0_1\">  4<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>1 <span class=\"__1 _6\"></span>  <span class=\"__1 _c9\"> </span></span>         (1<span class=\"__1 _6\"></span>.75<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>) De<span class=\"__1 _5\"></span>t<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span>o d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> va<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span> (Not<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span> 1<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>)<span class=\"__1 _d7\"> </span><span class=\"ls55\">            (10<span class=\"__1 _6\"></span>9)   <span class=\"__1 _d1\"> </span>                    -   <span class=\"__1 _23\"> </span></span>  13<span class=\"__1 _6\"></span>   <span class=\"__1 _d1\"> </span><span class=\"ls55\">              (96<span class=\"__1 _6\"></span>) </span>  1<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>9  <span class=\"__1 _6\"></span> <span class=\"__1 _23\"> </span>  16<span class=\"__1 _6\"></span>   <span class=\"__1 _cd\"> </span><span class=\"ls55\">                 (1)   <span class=\"__1 _97\"> </span></span>  1<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>   5<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>72<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>   <span class=\"__1 _10a\"> </span>  6<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.53<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span> Mi<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> e<span class=\"__1 _5\"></span>ur<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>Adicionalmente, <span class=\"__1 _8\"></span>el <span class=\"__1 _4\"></span>patrimonio <span class=\"__1 _8\"></span>gestionad<span class=\"__1 _6\"></span>o <span class=\"__1 _8\"></span>incluye <span class=\"__1 _8\"></span>2.594 <span class=\"__1 _4\"></span>hect\u00e1re<span class=\"__1 _5\"></span>as <span class=\"__1 _4\"></span>ubicadas <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>Portu<span class=\"__1 _6\"></span>gal <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>ENCE <span class=\"__1 _4\"></span>vendi\u00f3<span class=\"__1 _1bc\"> </span>en 2013, <span class=\"__1 _70\"></span>al suscribirse un acue<span class=\"__1 _5\"></span>rdo con <span class=\"__1 _5\"></span>el comprador <span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>ara la adquisici\u00f3n, a <span class=\"__1 _70\"></span>precios<span class=\"__1 _6\"></span> de <span class=\"__1 _70\"></span>mercado, de la <span class=\"__1 _70\"></span>madera<span class=\"__1 _1bc\"> </span>producida en la<span class=\"__1 _6\"></span> superficie vendida d<span class=\"__1 _6\"></span>urante un periodo d<span class=\"__1 _6\"></span>e 20 a\u00f1os.<span class=\"__1 _6\"></span><span class=\"fc8\"> </span>Eda<span class=\"__1 _6\"></span>d en A<span class=\"__1 _70\"></span>\u00f1<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>&gt; 17<span class=\"__1 _fa\"> </span><span class=\"ls56\">          1.65<span class=\"__1 _6\"></span>8 <span class=\"__1 _51\"> </span>          2.72<span class=\"__1 _6\"></span>2 <span class=\"__1 _158\"> </span>              95<span class=\"__1 _6\"></span>7 <span class=\"__1 _51\"> </span>          1.49<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span></span>14<span class=\"__1 _6\"></span> \u2013 16<span class=\"__1 _11\"> </span><span class=\"ff4 ls56\">          5<span class=\"__1 _6\"></span>.226<span class=\"__1 _6\"></span> <span class=\"__1 _b5\"> </span>        1<span class=\"__1 _6\"></span>2.13<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _113\"> </span>          2.35<span class=\"__1 _6\"></span>7 <span class=\"__1 _51\"> </span>          5.89<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span></span>11<span class=\"__1 _6\"></span> \u2013 13<span class=\"__1 _11\"> </span><span class=\"ff4 ls56\">          7<span class=\"__1 _6\"></span>.135<span class=\"__1 _6\"></span> <span class=\"__1 _b5\"> </span>        1<span class=\"__1 _6\"></span>5.83<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _113\"> </span>          7.47<span class=\"__1 _6\"></span>1 <span class=\"__1 _55\"> </span>        17<span class=\"__1 _6\"></span>.937<span class=\"__1 _1bc\"> </span></span>8 \u2013 10<span class=\"__1 _3f\"> </span><span class=\"ff4 ls56\">          5<span class=\"__1 _6\"></span>.923<span class=\"__1 _6\"></span> <span class=\"__1 _51\"> </span>          7.825<span class=\"__1 _6\"></span> <span class=\"__1 _113\"> </span>          7.31<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _b5\"> </span>        12<span class=\"__1 _6\"></span>.35<span class=\"__1 _6\"></span>7<span class=\"__1 _1bc\"> </span></span>4 \u2013 7<span class=\"__1 _1b\"> </span><span class=\"ff4 ls56\">        11.17<span class=\"__1 _6\"></span>6 <span class=\"__1 _55\"> </span>        12<span class=\"__1 _6\"></span>.524<span class=\"__1 _6\"></span> <span class=\"__1 _113\"> </span>          8<span class=\"__1 _6\"></span>.018<span class=\"__1 _6\"></span> <span class=\"__1 _51\"> </span>          7.300<span class=\"__1 _1bc\"> </span></span>0 \u2013 3<span class=\"__1 _1b\"> </span><span class=\"ff4 ls56\">        18.07<span class=\"__1 _6\"></span>2 <span class=\"__1 _55\"> </span>        19<span class=\"__1 _6\"></span>.677<span class=\"__1 _6\"></span> <span class=\"__1 _159\"> </span>        21<span class=\"__1 _6\"></span>.336<span class=\"__1 _6\"></span> <span class=\"__1 _b5\"> </span>        1<span class=\"__1 _6\"></span>8.15<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span></span>Det<span class=\"__1 _70\"></span>eri<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span>o a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>os<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>bi<span class=\"__1 _8\"></span>ol<span class=\"__1 _6\"></span>\u00f3<span class=\"__1 _6\"></span>gi<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>os                 -   <span class=\"__1 _150\"> </span>         (3<span class=\"__1 _6\"></span>.60<span class=\"__1 _6\"></span>4)<span class=\"__1 _134\"> </span>                 -   <span class=\"__1 _cb\"> </span>         (2.60<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span>49<span class=\"__1 _6\"></span>.190<span class=\"__1 _f9\"> </span>67<span class=\"__1 _6\"></span>.111<span class=\"__1 _16\"> </span>4<span class=\"__1 _6\"></span>7.44<span class=\"__1 _6\"></span>9<span class=\"__1 _80\"> </span>6<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.531<span class=\"__1 _1bc\"> </span>(*) Supe<span class=\"__1 _5\"></span>rfi<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span> pa<span class=\"__1 _6\"></span>tr<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>moni<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span> pl<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>nta<span class=\"__1 _6\"></span>da<span class=\"__1 _1bc\"> </span>Pen\u00edns<span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span> I<span class=\"__1 _6\"></span>b\u00e9ri<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _5\"></span>\u00f1o 2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>23<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _5\"></span>\u00f1o 2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>22<span class=\"__1 _1bc\"> </span>Val<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span> Ne<span class=\"__1 _70\"></span>to<span class=\"__1 _1bc\"> </span>Conta<span class=\"__1 _6\"></span>bl<span class=\"__1 _8\"></span>e e<span class=\"__1 _70\"></span>n<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> \u20ac<span class=\"__1 _1bc\"> </span>Val<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span> Ne<span class=\"__1 _70\"></span>to<span class=\"__1 _1bc\"> </span>Conta<span class=\"__1 _6\"></span>bl<span class=\"__1 _8\"></span>e e<span class=\"__1 _70\"></span>n<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> \u20ac<span class=\"__1 _1bc\"> </span>He<span class=\"__1 _5\"></span>ct\u00e1<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>eas<span class=\"__1 _8\"></span> (*)<span class=\"__1 _1bc\"> </span>He<span class=\"__1 _5\"></span>ct\u00e1<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>eas<span class=\"__1 _8\"></span> (*)<span class=\"__1 _1bc\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBiologicalAssetsAndGovernmentGrantsForAgriculturalActivityExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-551": {
   "value": "20.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Exist<span class=\"__1 _6\"></span>encias<span class=\"__1 _1bc\"> </span></span></span>La composici\u00f3n d<span class=\"__1 _6\"></span>e las existencias del Grup<span class=\"__1 _6\"></span>o al 31 de diciem<span class=\"__1 _6\"></span>bre de 2023 y 2022 es la<span class=\"__1 _6\"></span> siguiente:<span class=\"__1 _1bc\"> </span>(*)  Se <span class=\"__1 _4\"></span>presen<span class=\"ff6\">tan <span class=\"__1 _4\"></span>valores <span class=\"__1 _8\"></span>n<span class=\"__1 _6\"></span>etos <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>deterioro <span class=\"__1 _4\"></span>por <span class=\"__1 _4\"></span>importe <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>13.189 <span class=\"__1 _4\"></span>miles <span class=\"__1 _4\"></span>\u20ac <span class=\"__1 _8\"></span>y <span class=\"__1 _4\"></span>11.898<span class=\"__1 _1bc\"> </span></span>miles \u20ac al cierre de 2023 y 2022, resp<span class=\"__1 _5\"></span>ectivamente<span class=\"ff4\"> (v\u00e9ase Nota 19).<span class=\"__1 _1bc\"> </span></span>En <span class=\"__1 _8\"></span>marzo <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>202<span class=\"__1 _6\"></span>3, <span class=\"__1 _8\"></span>Magnon <span class=\"__1 _4\"></span>Green <span class=\"__1 _6\"></span>En<span class=\"__1 _6\"></span>ergy <span class=\"__1 _8\"></span>S.L. <span class=\"__1 _8\"></span>ha <span class=\"__1 _8\"></span>complet<span class=\"__1 _6\"></span>ado <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>venta<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>dos <span class=\"__1 _8\"></span>proyectos<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>fotovoltaic<span class=\"__1 _6\"></span>os <span class=\"__1 _8\"></span><span class=\"ls1c\">en<span class=\"__1 _1bc\"> </span></span>construcci\u00f3n, <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>las localida<span class=\"__1 _6\"></span>d<span class=\"ls1c\">es</span> <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>And\u00fajar <span class=\"__1 _6\"></span>(Ja\u00e9n<span class=\"__1 _6\"></span>) <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>Huelva, <span class=\"__1 _6\"></span>con <span class=\"__1 _6\"></span>una <span class=\"__1 _6\"></span>capacidad <span class=\"__1 _8\"></span>conjunta <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span><span class=\"ls12\">140 <span class=\"__1 _6\"></span></span>MW, <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>un<span class=\"__1 _1bc\"> </span>precio de venta de 3<span class=\"__1 _6\"></span>8,1 <span class=\"ff6\">millones \u20ac</span> <span class=\"__1 _6\"></span>(v\u00e9ase Nota 1)<span class=\"ls17\">. </span>No<span class=\"ls0_1\"> existe ninguna limitaci\u00f3n e<span class=\"__1 _6\"></span>n la dis<span class=\"__1 _6\"></span>ponibilidad de las exis<span class=\"__1 _6\"></span>tencias. </span>El <span class=\"__1 _8\"></span>Grupo <span class=\"__1 _8\"></span>ha <span class=\"__1 _6\"></span>suscrito <span class=\"__1 _8\"></span>al <span class=\"__1 _8\"></span>31 <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>diciembre <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>2023 <span class=\"__1 _8\"></span>contratos <span class=\"__1 _8\"></span>con <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>uministradores <span class=\"__1 _8\"></span>para <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>adquisici\u00f3n, <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>los<span class=\"__1 _1bc\"> </span>pr\u00f3ximos <span class=\"__1 _c8\"></span>dos <span class=\"__1 _c8\"> </span>a\u00f1os, <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>0,9 <span class=\"__1 _c8\"> </span>millones <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"></span>toneladas <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c8\"> </span>biomasa <span class=\"__1 _c8\"></span>destinada <span class=\"__1 _c8\"></span>a <span class=\"__1 _c8\"></span>las <span class=\"__1 _4\"></span>plan<span class=\"__1 _6\"></span>tas <span class=\"__1 _4\"></span>de <span class=\"__1 _c8\"></span>generaci\u00f3n <span class=\"__1 _c8\"></span>de<span class=\"__1 _1bc\"> </span>energ\u00eda. La pol\u00edtica <span class=\"__1 _5\"></span>del Grupo <span class=\"__1 _5\"></span>es formalizar p\u00f3lizas de <span class=\"__1 _70\"></span>seguro<span class=\"__1 _6\"></span>s para <span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>ubrir los posibles rie<span class=\"__1 _5\"></span>sgos a que <span class=\"__1 _70\"></span>est\u00e1n<span class=\"__1 _6\"></span> sujetas sus<span class=\"__1 _1bc\"> </span>existencias, estim\u00e1ndos<span class=\"__1 _6\"></span>e que la cobertura d<span class=\"__1 _6\"></span>e estos riesgos a 31 d<span class=\"__1 _6\"></span>e diciembre de 2023 y 2022 es a<span class=\"__1 _6\"></span>decuada.<span class=\"__1 _1bc\"> </span>20.1<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Derechos de emisi\u00f3n<span class=\"__1 _1bc\"> </span></span></span>Los <span class=\"__1 _6\"></span>movimientos <span class=\"__1 _6\"></span>hab<span class=\"__1 _6\"></span>idos <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>relaci\u00f3n <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>derechos <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e e<span class=\"__1 _6\"></span>misi\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>gases <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e efecto<span class=\"__1 _8\"></span> <span class=\"__1 _6\"></span>invernadero <span class=\"__1 _6\"></span>tit<span class=\"__1 _6\"></span>ularidad<span class=\"__1 _1bc\"> </span>del Grupo duran<span class=\"__1 _6\"></span>te los ejercicios 2023 y 2022 h<span class=\"__1 _6\"></span>an sido lo<span class=\"__1 _6\"></span>s siguientes:<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de E<span class=\"__1 _5\"></span>ur<span class=\"__1 _6\"></span>os<span class=\"__1 _75\"> </span>31/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/20<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3<span class=\"__1 _7e\"> </span>3<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>/12<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>02<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>Ma<span class=\"__1 _6\"></span>dera<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>y bi<span class=\"__1 _8\"></span>oma<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>a<span class=\"__1 _19\"> </span>17.0<span class=\"__1 _6\"></span>00<span class=\"__1 _137\"> </span>34<span class=\"__1 _6\"></span>.21<span class=\"__1 _6\"></span>4<span class=\"__1 _1bc\"> </span>Otra<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span> mate<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>pr<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>mas<span class=\"__1 _15b\"> </span>3.8<span class=\"__1 _6\"></span>61<span class=\"__1 _1d\"> </span>2<span class=\"__1 _6\"></span>.38<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>ues<span class=\"__1 _6\"></span>tos<span class=\"__1 _6\"></span> de a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>ta<span class=\"__1 _6\"></span> r<span class=\"__1 _6\"></span>ota<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n (*)<span class=\"__1 _14c\"> </span>14.6<span class=\"__1 _6\"></span>10<span class=\"__1 _137\"> </span>13<span class=\"__1 _6\"></span>.32<span class=\"__1 _6\"></span>1<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _5\"></span>rech<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> de e<span class=\"__1 _70\"></span>mi<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>\u00f3n ga<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> efe<span class=\"__1 _70\"></span>c<span class=\"__1 _6\"></span>to i<span class=\"__1 _8\"></span>nverna<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>o<span class=\"__1 _c5\"> </span><span class=\"ls5f\">             1<span class=\"__1 _6\"></span>0.90<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _92\"> </span></span>1<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.938<span class=\"__1 _1bc\"> </span>Pr<span class=\"__1 _6\"></span>odu<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>tos<span class=\"__1 _6\"></span> te<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>mi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>do<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>y en cur<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>o<span class=\"__1 _52\"> </span><span class=\"ls5f\">             20.03<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span> <span class=\"__1 _92\"> </span></span>3<span class=\"__1 _6\"></span>0.2<span class=\"__1 _6\"></span>53<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _5\"></span>nti<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>pos<span class=\"__1 _8\"></span> a<span class=\"__1 _8\"></span> pr<span class=\"__1 _6\"></span>ovee<span class=\"__1 _70\"></span>do<span class=\"__1 _6\"></span>res<span class=\"__1 _15c\"> </span><span class=\"ls60\">911<span class=\"__1 _dc\"> </span>363<span class=\"__1 _1bc\"> </span></span>Pr<span class=\"__1 _6\"></span>oyectos<span class=\"__1 _8\"></span> e<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span> pr<span class=\"__1 _6\"></span>omoc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _24\"> </span><span class=\"ls5f\">                4<span class=\"__1 _6\"></span>.94<span class=\"__1 _6\"></span>2 <span class=\"__1 _15d\"> </span>                9.71<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span></span>De<span class=\"__1 _5\"></span>te<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> (Not<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span> 1<span class=\"__1 _6\"></span>9)<span class=\"__1 _15e\"> </span><span class=\"ls5f\">                 (16<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>)<span class=\"__1 _12c\"> </span>              (1.84<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>72<span class=\"__1 _6\"></span>.10<span class=\"__1 _6\"></span>2<span class=\"__1 _d7\"> </span>10<span class=\"__1 _6\"></span>2.34<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span>El 13 de julio <span class=\"__1 _5\"></span>de 2021, el Consejo de Ministros aprob\u00f3 el Nuevo Plan de Asignaci\u00f3n gratuit<span class=\"__1 _6\"></span>a de derechos de<span class=\"__1 _1bc\"> </span>emisi\u00f3n de gases de efecto inv<span class=\"__1 _6\"></span>ernadero para el perio<span class=\"__1 _6\"></span>do 2021-2025. En el marco <span class=\"__1 _6\"></span>de dicho Plan, el Grup<span class=\"__1 _6\"></span>o ha<span class=\"__1 _1bc\"> </span>recibido <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>2023 <span class=\"__1 _8\"></span>derechos <span class=\"__1 _8\"></span>co<span class=\"__1 _6\"></span>rrespond<span class=\"__1 _6\"></span>ientes <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>100.411 <span class=\"__1 _8\"></span>toneladas <span class=\"__1 _4\"></span>de <span class=\"__1 _6\"></span>CO2 <span class=\"__1 _8\"></span>valorad<span class=\"__1 _6\"></span>os <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>8.352 <span class=\"__1 _8\"></span>miles <span class=\"__1 _8\"></span>\u20ac <span class=\"__1 _8\"></span>(en<span class=\"__1 _1bc\"> </span>2022 se recibieron derech<span class=\"__1 _6\"></span>os correspond<span class=\"__1 _6\"></span>ientes a 108.990 to<span class=\"__1 _6\"></span>neladas de CO2 valo<span class=\"__1 _6\"></span>rados en 9.103 miles \u20ac).<span class=\"__1 _1bc\"> </span>E<span class=\"ff6\">l <span class=\"__1 _8\"></span>ep\u00edgrafe <span class=\"__1 _6\"></span>\u201cProvis<span class=\"__1 _6\"></span>iones\u201d <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>pasivo <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>corto <span class=\"__1 _8\"></span>plazo <span class=\"__1 _8\"></span>del <span class=\"__1 _6\"></span>Es<span class=\"__1 _6\"></span>tado <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>Situaci\u00f3n <span class=\"__1 _8\"></span>Financiera <span class=\"__1 _8\"></span>consolida<span class=\"__1 _6\"></span>do <span class=\"__1 _8\"></span>al <span class=\"__1 _6\"></span>31 <span class=\"__1 _8\"></span>de<span class=\"__1 _1bc\"> </span></span>diciembre <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>2023<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>2022 <span class=\"__1 _8\"></span>recoge <span class=\"__1 _8\"></span>1<span class=\"__1 _6\"></span>2.<span class=\"ls12\">441<span class=\"__1 _6\"></span></span> <span class=\"__1 _8\"></span><span class=\"ff6\">miles <span class=\"__1 _8\"></span>\u20ac <span class=\"__1 _8\"></span>y <span class=\"__1 _4\"></span>11.100 <span class=\"__1 _8\"></span>miles <span class=\"__1 _8\"></span>\u20ac, <span class=\"__1 _8\"></span>respectiva<span class=\"__1 _6\"></span>mente, <span class=\"__1 _8\"></span>corres<span class=\"__1 _6\"></span>pondientes <span class=\"__1 _8\"></span>al<span class=\"__1 _1bc\"> </span></span>pasivo <span class=\"__1 _c1\"> </span>derivado <span class=\"__1 _c1\"> </span>del <span class=\"__1 _c1\"> </span>con<span class=\"__1 _6\"></span>sumo <span class=\"__1 _c1\"> </span>en <span class=\"__1 _c1\"> </span>dichos <span class=\"__1 _c1\"> </span>ejercicios<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>de <span class=\"__1 _c1\"> </span>189.671 <span class=\"__1 _c1\"> </span>derechos<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>y <span class=\"__1 _c1\"> </span>172.066 <span class=\"__1 _c1\"> </span>derechos,<span class=\"__1 _1bc\"> </span>respectivamente (v\u00e9as<span class=\"__1 _6\"></span>e Nota 31).<span class=\"__1 _1bc\"> </span>El Grupo <span class=\"__1 _6\"></span>mantiene <span class=\"__1 _6\"></span>al 31 de <span class=\"__1 _6\"></span>diciembre de 2023 <span class=\"__1 _6\"></span>contratos<span class=\"__1 _6\"></span> de compra <span class=\"__1 _6\"></span>a plazo <span class=\"__1 _6\"></span>de 3.000 derechos<span class=\"__1 _6\"></span> a <span class=\"__1 _6\"></span>un precio<span class=\"__1 _1bc\"> </span>medio <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>69,13 <span class=\"__1 _8\"></span>euros <span class=\"__1 _8\"></span>por <span class=\"__1 _6\"></span>tonelada. <span class=\"__1 _6\"></span>E<span class=\"__1 _6\"></span>stos <span class=\"__1 _8\"></span>contratos <span class=\"__1 _6\"></span>previsiblemente <span class=\"__1 _6\"></span>se <span class=\"__1 _8\"></span>ejecutar\u00e1<span class=\"__1 _6\"></span>n <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>2024. <span class=\"__1 _6\"></span>Po<span class=\"__1 _6\"></span>r <span class=\"__1 _6\"></span>su <span class=\"__1 _8\"></span>parte,<span class=\"__1 _1bc\"> </span>el Grupo ejecut\u00f3 d<span class=\"__1 _6\"></span>urante 2023 con<span class=\"__1 _6\"></span>tratos de compra a<span class=\"__1 _6\"></span> plazo de 20.00<span class=\"__1 _6\"></span>0 derechos d<span class=\"__1 _6\"></span>e emisi\u00f3n a un<span class=\"__1 _6\"></span> precio de<span class=\"__1 _1bc\"> </span>88,65 euros por to<span class=\"__1 _6\"></span>nelada.<span class=\"__1 _1bc\"> </span>N\u00famero<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span>Derec<span class=\"__1 _5\"></span>ho<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>Miles<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>Eu<span class=\"__1 _6\"></span>ros<span class=\"__1 _1bc\"> </span>N\u00famero<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span>Derec<span class=\"__1 _5\"></span>ho<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>Miles<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>Eu<span class=\"__1 _6\"></span>ros<span class=\"__1 _1bc\"> </span>Sald<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span> i<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>icia<span class=\"__1 _6\"></span>l<span class=\"__1 _13c\"> </span>222.1<span class=\"__1 _5\"></span>02<span class=\"__1 _4a\"> </span>11.076<span class=\"__1 _3f\"> </span>277.4<span class=\"__1 _70\"></span>67<span class=\"__1 _f\"> </span>7.332<span class=\"__1 _1bc\"> </span>Asi<span class=\"__1 _6\"></span>gna<span class=\"__1 _6\"></span>cion<span class=\"__1 _6\"></span>es <span class=\"__1 _15f\"> </span>100.4<span class=\"__1 _5\"></span>11<span class=\"__1 _f\"> </span>8.3<span class=\"__1 _5\"></span>52<span class=\"__1 _3f\"> </span>108.9<span class=\"__1 _5\"></span>90<span class=\"__1 _f\"> </span>9.1<span class=\"__1 _5\"></span>03<span class=\"__1 _1bc\"> </span>Devolu<span class=\"__1 _6\"></span>cion<span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>(*)<span class=\"__1 _43\"> </span>(17<span class=\"__1 _5\"></span>0.751<span class=\"__1 _5\"></span>)<span class=\"__1 _e6\"> </span>(10.29<span class=\"__1 _5\"></span>2)<span class=\"__1 _d7\"> </span>(1<span class=\"__1 _5\"></span>92.35<span class=\"__1 _5\"></span>5)<span class=\"__1 _99\"> </span>(7.130)<span class=\"__1 _1bc\"> </span>Ad<span class=\"__1 _6\"></span>q<span class=\"__1 _6\"></span>ui<span class=\"__1 _6\"></span>si<span class=\"__1 _6\"></span>ci\u00f3n<span class=\"__1 _164\"> </span>20.00<span class=\"__1 _5\"></span>0<span class=\"__1 _f\"> </span>1.77<span class=\"__1 _5\"></span>3<span class=\"__1 _9e\"> </span>28<span class=\"__1 _5\"></span>.000<span class=\"__1 _f\"> </span>1.7<span class=\"__1 _5\"></span>71<span class=\"__1 _1bc\"> </span>Saldo final<span class=\"__1 _bb\"> </span>171.7<span class=\"__1 _5\"></span>62<span class=\"__1 _4a\"> </span>10.909<span class=\"__1 _3f\"> </span>22<span class=\"__1 _5\"></span>2.1<span class=\"__1 _5\"></span>02<span class=\"__1 _4a\"> </span>11.076<span class=\"__1 _1bc\"> </span>A\u00f1<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span> 2023<span class=\"__1 _1bc\"> </span>A\u00f1<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span> 2022<span class=\"__1 _1bc\"> </span>(*) C<span class=\"__1 _6\"></span>orresp<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>nd<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>con <span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>os<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>erecho<span class=\"__1 _6\"></span>s <span class=\"__1 _6\"></span>consu<span class=\"__1 _6\"></span>mi<span class=\"__1 _6\"></span>do<span class=\"__1 _6\"></span>s <span class=\"__1 _6\"></span>en<span class=\"__1 _6\"></span> el<span class=\"__1 _6\"></span> a<span class=\"__1 _6\"></span>\u00f1<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>nt<span class=\"__1 _6\"></span>erio<span class=\"__1 _6\"></span>r.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInventoriesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-565": {
   "value": "21.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Patrimonio neto<span class=\"__1 _1bc\"> </span></span></span>21.1<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Capital social<span class=\"__1 _1bc\"> </span></span></span>El  capital <span class=\"__1 _ca\"> </span>social  de <span class=\"__1 _c6\"> </span>ENCE<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>E<span class=\"__1 _6\"></span>nerg\u00eda <span class=\"__1 _ca\"> </span>y  Celulosa,  S.A., <span class=\"__1 _c6\"> </span>al  31 <span class=\"__1 _c6\"> </span>de  diciembre  de <span class=\"__1 _c6\"> </span>2023  est\u00e1  representado  por<span class=\"__1 _1bc\"> </span>246.272.500 <span class=\"__1 _c9\"> </span>accion<span class=\"__1 _6\"></span>es <span class=\"__1 _c9\"> </span>al <span class=\"__1 _c9\"> </span>portador <span class=\"__1 _c9\"> </span>de <span class=\"__1 _c9\"> </span>0,9 <span class=\"__1 _cd\"> </span>euros <span class=\"__1 _c9\"> </span>de <span class=\"__1 _c9\"> </span>valor <span class=\"__1 _c9\"> </span>nominal <span class=\"__1 _c9\"> </span>cada <span class=\"__1 _cd\"> </span>una, <span class=\"__1 _c9\"> </span>totalmente <span class=\"__1 _c9\"> </span>suscritas <span class=\"__1 _c9\"> </span>y<span class=\"__1 _1bc\"> </span>desembolsadas. Al <span class=\"__1 _c8\"></span>estar <span class=\"__1 _c8\"> </span>representadas<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>las <span class=\"__1 _c8\"> </span>acciones <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>ENCE<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>por <span class=\"__1 _c6\"> </span>anotaciones <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c8\"> </span>cuenta, <span class=\"__1 _c8\"> </span>no <span class=\"__1 _c8\"> </span>se <span class=\"__1 _c8\"> </span>con<span class=\"__1 _6\"></span>oce <span class=\"__1 _c8\"></span>con <span class=\"__1 _c8\"> </span>exactitud <span class=\"__1 _c8\"> </span>la<span class=\"__1 _1bc\"> </span>participaci\u00f3n <span class=\"__1 _c9\"> </span>de <span class=\"__1 _cb\"> </span>los <span class=\"__1 _c9\"> </span>accionistas <span class=\"__1 _cb\"> </span>en <span class=\"__1 _cb\"> </span>el <span class=\"__1 _c9\"> </span>capital <span class=\"__1 _cb\"> </span>social. <span class=\"__1 _c9\"> </span>El <span class=\"__1 _cb\"> </span>cuadro <span class=\"__1 _cb\"> </span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _cb\"> </span>figura <span class=\"__1 _cb\"> </span>a <span class=\"__1 _c9\"> </span>continuaci\u00f3n <span class=\"__1 _cb\"> </span>recoge <span class=\"__1 _c9\"> </span>las<span class=\"__1 _1bc\"> </span>participaciones <span class=\"__1 _6\"></span>significativas,<span class=\"__1 _6\"></span> directas e <span class=\"__1 _6\"></span>indirectas, <span class=\"__1 _6\"></span>en el <span class=\"__1 _6\"></span>capital s<span class=\"__1 _6\"></span>ocial de <span class=\"__1 _6\"></span>ENCE a <span class=\"__1 _6\"></span>31 de <span class=\"__1 _6\"></span>dici<span class=\"__1 _6\"></span>embre <span class=\"__1 _6\"></span>de 2023 <span class=\"__1 _6\"></span>y<span class=\"__1 _1bc\"> </span>2022, <span class=\"__1 _c9\"> </span>as\u00ed <span class=\"__1 _cd\"> </span>como, <span class=\"__1 _c9\"> </span>en <span class=\"__1 _cd\"> </span>su <span class=\"__1 _cd\"> </span>caso, <span class=\"__1 _c9\"> </span>los <span class=\"__1 _cd\"> </span>instrumentos <span class=\"__1 _c9\"> </span>finan<span class=\"__1 _6\"></span>cieros <span class=\"__1 _c9\"> </span>comunicad<span class=\"__1 _6\"></span>os <span class=\"__1 _cd\"> </span>por <span class=\"__1 _c9\"> </span>los <span class=\"__1 _c9\"> </span>titulares <span class=\"__1 _cd\"> </span>de <span class=\"__1 _c9\"> </span>dicha<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>participaciones a <span class=\"__1 _70\"></span>los registros <span class=\"__1 _70\"></span>oficiales de <span class=\"__1 _70\"></span>la <span class=\"__1 _5\"></span>Comisi\u00f3n Nacional <span class=\"__1 _5\"></span>del <span class=\"__1 _70\"></span>Mercado<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>Valo<span class=\"__1 _6\"></span>res (en <span class=\"__1 _70\"></span>adelante, CNMV)<span class=\"__1 _1bc\"> </span>o a la propia so<span class=\"__1 _6\"></span>ciedad de acuerdo <span class=\"__1 _6\"></span>con lo d<span class=\"__1 _6\"></span>ispuesto en el Real Decreto 1362/2007, d<span class=\"__1 _6\"></span>e 19 de octub<span class=\"__1 _6\"></span>re:<span class=\"__1 _1bc\"> </span>Las acciones d<span class=\"__1 _6\"></span>e la Sociedad <span class=\"__1 _6\"></span>Dominan<span class=\"__1 _6\"></span>te est\u00e1n admitidas<span class=\"__1 _6\"></span> a negociaci\u00f3n<span class=\"__1 _6\"></span> oficial en la<span class=\"__1 _6\"></span>s Bols<span class=\"__1 _6\"></span>as Esp<span class=\"__1 _6\"></span>a\u00f1olas y en el<span class=\"__1 _1bc\"> </span>Mercado continuo, go<span class=\"__1 _6\"></span>zando todas ellas<span class=\"__1 _6\"></span> de iguales derechos p<span class=\"__1 _6\"></span>ol\u00edticos y econ\u00f3<span class=\"__1 _6\"></span>micos.<span class=\"__1 _1bc\"> </span>21.2<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Prima de emisi\u00f3n<span class=\"__1 _1bc\"> </span></span></span>El <span class=\"__1 _8\"></span>Texto <span class=\"__1 _8\"></span>Refundido <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>Ley <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>Sociedades <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>Cap<span class=\"__1 _6\"></span>ital <span class=\"__1 _8\"></span>permite <span class=\"__1 _8\"></span>expresamente <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>utilizac<span class=\"__1 _6\"></span>i\u00f3n <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>saldo <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la<span class=\"__1 _1bc\"> </span>prima <span class=\"__1 _c9\"> </span>de <span class=\"__1 _cb\"> </span>e<span class=\"__1 _6\"></span>misi\u00f3n <span class=\"__1 _c9\"> </span>para <span class=\"__1 _c9\"> </span>ampliar <span class=\"__1 _c9\"> </span>capital <span class=\"__1 _c9\"> </span>y <span class=\"__1 _c9\"> </span>no <span class=\"__1 _c9\"> </span>establece <span class=\"__1 _c9\"> </span>restricci\u00f3n <span class=\"__1 _c9\"> </span>espec\u00edfica <span class=\"__1 _c9\"> </span>alguna <span class=\"__1 _c9\"> </span>en <span class=\"__1 _c9\"> </span>cuanto <span class=\"__1 _c9\"> </span>a <span class=\"__1 _c9\"> </span>la<span class=\"__1 _1bc\"> </span>disponibilidad<span class=\"__1 _6\"></span> del mismo. 21.3<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Reservas<span class=\"__1 _1bc\"> </span></span></span>A <span class=\"__1 _c8\"></span>continuaci\u00f3n<span class=\"__1 _6\"></span>, <span class=\"__1 _c8\"> </span>se <span class=\"__1 _c8\"> </span>presenta <span class=\"__1 _c8\"> </span>el <span class=\"__1 _c8\"> </span>movimiento <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"></span>reservas <span class=\"__1 _c8\"> </span>desglosad<span class=\"__1 _6\"></span>o <span class=\"__1 _c8\"> </span>por <span class=\"__1 _c8\"> </span>categor\u00eda <span class=\"__1 _c8\"> </span>corres<span class=\"__1 _6\"></span>pondiente <span class=\"__1 _c8\"> </span>a <span class=\"__1 _c8\"> </span>los<span class=\"__1 _1bc\"> </span>ejercicios 2023 y 2022:<span class=\"__1 _1bc\"> </span> <span class=\"__1 _20\"> </span>Reserva legal<span class=\"__1 _1bc\"> </span>De <span class=\"__1 _5\"></span>acuerdo con e<span class=\"__1 _5\"></span>l Te<span class=\"__1 _5\"></span>xto Ref<span class=\"__1 _5\"></span>und<span class=\"__1 _6\"></span>ido de <span class=\"__1 _70\"></span>la Ley <span class=\"__1 _5\"></span>de Sociedades <span class=\"__1 _70\"></span>de Capital, debe <span class=\"__1 _70\"></span>des<span class=\"__1 _6\"></span>tinarse a <span class=\"__1 _70\"></span>la reserva <span class=\"__1 _5\"></span>legal <span class=\"__1 _5\"></span>una<span class=\"__1 _1bc\"> </span>cifra <span class=\"__1 _8\"></span>igual <span class=\"__1 _8\"></span>al <span class=\"__1 _8\"></span>10% <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>benefi<span class=\"__1 _6\"></span>cio <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>ejercicio <span class=\"__1 _8\"></span>has<span class=\"__1 _6\"></span>ta <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>\u00e9sta <span class=\"__1 _8\"></span>alcance, <span class=\"__1 _8\"></span>al <span class=\"__1 _8\"></span>menos, <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>l <span class=\"__1 _8\"></span>20% <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>capital <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>ocial. <span class=\"__1 _8\"></span>La<span class=\"__1 _1bc\"> </span>reserva legal de la Sociedad<span class=\"__1 _6\"></span> Dominante por 45.049 <span class=\"__1 _6\"></span>miles \u20ac, da <span class=\"__1 _6\"></span>cobertura al 20% de su<span class=\"__1 _6\"></span> capital social.<span class=\"__1 _1bc\"> </span>La <span class=\"__1 _4\"></span>reserva <span class=\"__1 _8\"></span>legal <span class=\"__1 _4\"></span>podr\u00e1 <span class=\"__1 _8\"></span>utilizarse <span class=\"__1 _4\"></span>para <span class=\"__1 _8\"></span>aumentar <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>capital <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>parte <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>u <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>aldo <span class=\"__1 _8\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _8\"></span>exceda <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>10% <span class=\"__1 _4\"></span>del<span class=\"__1 _1bc\"> </span>capital <span class=\"__1 _6\"></span>ya <span class=\"__1 _8\"></span>aumentado. <span class=\"__1 _8\"></span>Salvo <span class=\"__1 _6\"></span>para <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>finalidad <span class=\"__1 _8\"></span>mencionada <span class=\"__1 _6\"></span>an<span class=\"__1 _6\"></span>teriormente, <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>mientras <span class=\"__1 _6\"></span>no<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>supere <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>20% <span class=\"__1 _6\"></span>del<span class=\"__1 _1bc\"> </span>capital <span class=\"__1 _6\"></span>so<span class=\"__1 _6\"></span>cial, <span class=\"__1 _6\"></span>esta <span class=\"__1 _8\"></span>reserva <span class=\"__1 _6\"></span>s\u00f3lo <span class=\"__1 _8\"></span>podr\u00e1 <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>estin<span class=\"__1 _6\"></span>arse <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>compensaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>\u00e9rdidas, <span class=\"__1 _6\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>siempre <span class=\"__1 _6\"></span>qu<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>no <span class=\"__1 _6\"></span>exista<span class=\"__1 _6\"></span>n<span class=\"__1 _1bc\"> </span>otras reservas<span class=\"__1 _6\"></span> disponibles suficientes para <span class=\"__1 _6\"></span>este fin.<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _70\"></span>c<span class=\"__1 _6\"></span>c<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>oni<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>ta<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>02<span class=\"__1 _6\"></span>3<span class=\"__1 _c5\"> </span>3<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/20<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>D. J<span class=\"__1 _5\"></span>ua<span class=\"__1 _8\"></span>n Lui<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> Arr<span class=\"__1 _6\"></span>eg<span class=\"__1 _70\"></span>u<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span> / Re<span class=\"__1 _5\"></span>tos<span class=\"__1 _6\"></span> O<span class=\"__1 _6\"></span>pera<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>vos<span class=\"__1 _8\"></span> XX<span class=\"__1 _6\"></span>I<span class=\"__1 _8\"></span>, S.<span class=\"__1 _70\"></span>L.<span class=\"__1 _1bc\"> </span>29<span class=\"__1 _6\"></span>,4<span class=\"__1 _6\"></span>4<span class=\"__1 _99\"> </span>29<span class=\"__1 _6\"></span>,44<span class=\"__1 _1bc\"> </span>D. V<span class=\"__1 _70\"></span>\u00edc<span class=\"__1 _6\"></span>tor<span class=\"__1 _6\"></span> Urr<span class=\"__1 _6\"></span>uti<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span> / As<span class=\"__1 _6\"></span>\u00faa<span class=\"__1 _8\"></span> I<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>ve<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span>, S.L<span class=\"__1 _70\"></span>.<span class=\"__1 _1bc\"> </span>7,2<span class=\"__1 _6\"></span>9<span class=\"__1 _d7\"> </span>7<span class=\"__1 _6\"></span>,29<span class=\"__1 _1bc\"> </span>D. J<span class=\"__1 _5\"></span>os<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span> I<span class=\"__1 _6\"></span>gna<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o Come<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>ge<span class=\"__1 _70\"></span> / La<span class=\"__1 _6\"></span> Fuente<span class=\"__1 _70\"></span> Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>da<span class=\"__1 _8\"></span> S.L<span class=\"__1 _70\"></span>.<span class=\"__1 _1bc\"> </span>6,3<span class=\"__1 _6\"></span>8<span class=\"__1 _d7\"> </span>6<span class=\"__1 _6\"></span>,38<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _70\"></span>u<span class=\"__1 _6\"></span>toca<span class=\"__1 _8\"></span>r<span class=\"__1 _6\"></span>te<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>a<span class=\"__1 _1bc\"> </span>1,5<span class=\"__1 _6\"></span>7<span class=\"__1 _d7\"> </span>1<span class=\"__1 _6\"></span>,56<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>mbr<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> del<span class=\"__1 _6\"></span> Co<span class=\"__1 _6\"></span>ns<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>j<span class=\"__1 _8\"></span>o c<span class=\"__1 _6\"></span>on p<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>ti<span class=\"__1 _8\"></span>ci<span class=\"__1 _4\"></span>pa<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n &lt; 3%<span class=\"__1 _1bc\"> </span>0,6<span class=\"__1 _6\"></span>2<span class=\"__1 _d7\"> </span>0<span class=\"__1 _6\"></span>,62<span class=\"__1 _1bc\"> </span>Fr<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>e<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>Fl<span class=\"__1 _8\"></span>oa<span class=\"__1 _8\"></span>t<span class=\"__1 _1bc\"> </span>54<span class=\"__1 _6\"></span>,7<span class=\"__1 _6\"></span>0<span class=\"__1 _99\"> </span>54<span class=\"__1 _6\"></span>,71<span class=\"__1 _1bc\"> </span>T<span class=\"__1 _5\"></span>ot<span class=\"__1 _6\"></span>a<span class=\"__1 _5\"></span>l<span class=\"__1 _1bc\"> </span>10<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>,00<span class=\"__1 _25\"> </span>1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>,00<span class=\"__1 _1bc\"> </span>%<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span> de Euros<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span>erva<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>Le<span class=\"__1 _70\"></span>ga<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span>erva<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>por<span class=\"__1 _1bc\"> </span>ca<span class=\"__1 _8\"></span>pi<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span>a<span class=\"__1 _6\"></span>morti<span class=\"__1 _6\"></span>za<span class=\"__1 _6\"></span>do<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span>erva<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span>ca<span class=\"__1 _8\"></span>pi<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>za<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>\u00f3<span class=\"__1 _6\"></span>n<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span>erva<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>vol<span class=\"__1 _8\"></span>untar<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span>ul<span class=\"__1 _8\"></span>tad<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>negati<span class=\"__1 _6\"></span>vos<span class=\"__1 _8\"></span> de<span class=\"__1 _1bc\"> </span>ejerc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>os<span class=\"__1 _1bc\"> </span>a<span class=\"__1 _6\"></span>nte<span class=\"__1 _5\"></span>ri<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span>es<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _5\"></span>ldos a<span class=\"__1 _70\"></span>l 3<span class=\"__1 _6\"></span>1 de<span class=\"__1 _6\"></span> diciembr<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span> de 2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>21 45<span class=\"__1 _6\"></span>.04<span class=\"__1 _6\"></span>9 <span class=\"__1 _49\"> </span> 1<span class=\"__1 _6\"></span>0.56<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span> <span class=\"__1 _49\"> </span> 19.7<span class=\"__1 _6\"></span>01<span class=\"__1 _6\"></span> <span class=\"__1 _d2\"> </span> 1<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>0.2<span class=\"__1 _6\"></span>80<span class=\"__1 _6\"></span> <span class=\"__1 _f\"> </span><span class=\"ls61\">- <span class=\"__1 _165\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _14d\"> </span> 53<span class=\"__1 _6\"></span>.64<span class=\"__1 _6\"></span>6 <span class=\"__1 _4d\"> </span>(79) <span class=\"__1 _166\"></span><span class=\"ls62\">               <span class=\"ls0_1\"> <span class=\"__1 _108\"> </span> 27<span class=\"__1 _6\"></span>9.1<span class=\"__1 _6\"></span>63<span class=\"__1 _1bc\"> </span></span></span></span></span></span>Di<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>tri<span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>uc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>\u00f3n<span class=\"__1 _6\"></span> del<span class=\"__1 _6\"></span> Resu<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>do d<span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>Ejerc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>o Ante<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>r<span class=\"__1 _ec\"> </span><span class=\"ls61\">- <span class=\"__1 _167\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _35\"> </span><span class=\"ls61\">- <span class=\"__1 _165\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _35\"> </span><span class=\"ls61\">- <span class=\"__1 _165\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _35\"> </span><span class=\"ls61\">- <span class=\"__1 _165\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _126\"> </span>(1<span class=\"__1 _6\"></span>81<span class=\"__1 _6\"></span>.37<span class=\"__1 _6\"></span>8) <span class=\"__1 _166\"></span><span class=\"ls62\">    <span class=\"ls0_1\"> <span class=\"__1 _3e\"> </span>(9.00<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>) <span class=\"__1 _166\"></span><span class=\"ls62\">         <span class=\"ls0_1\"> <span class=\"__1 _d\"> </span>(2<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>) <span class=\"__1 _166\"></span><span class=\"ls62\">               <span class=\"ls0_1\"> <span class=\"__1 _67\"> </span>(19<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.40<span class=\"__1 _6\"></span>9) <span class=\"__1 _166\"></span><span class=\"ls62\">    <span class=\"ls0_1\"> </span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span>Opera<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> c<span class=\"__1 _6\"></span>on Acc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>nes <span class=\"__1 _6\"></span>Pr<span class=\"__1 _6\"></span>opi<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _156\"> </span><span class=\"ls61\">- <span class=\"__1 _165\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _35\"> </span><span class=\"ls61\">- <span class=\"__1 _165\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _35\"> </span><span class=\"ls61\">- <span class=\"__1 _165\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _10c\"> </span> 1<span class=\"__1 _6\"></span>.03<span class=\"__1 _6\"></span>3 <span class=\"__1 _f\"> </span><span class=\"ls61\">- <span class=\"__1 _165\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _35\"> </span><span class=\"ls61\">- <span class=\"__1 _165\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _35\"> </span><span class=\"ls61\">- <span class=\"__1 _165\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _12\"> </span> 1.03<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span>Mi<span class=\"__1 _6\"></span>nor<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>tar<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span> y o<span class=\"__1 _6\"></span>tros<span class=\"__1 _6\"></span> movi<span class=\"__1 _8\"></span>mientos<span class=\"__1 _6\"></span> <span class=\"__1 _12d\"> </span><span class=\"ls61\">- <span class=\"__1 _165\"></span><span class=\"ls62\">                   <span class=\"__1 _6\"></span><span class=\"ls0_1\"> <span class=\"__1 _111\"> </span><span class=\"ls61\">- <span class=\"__1 _167\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _35\"> </span><span class=\"ls61\">- <span class=\"__1 _165\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _10c\"> </span> 4<span class=\"__1 _6\"></span>.22<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _f\"> </span><span class=\"ls61\">- <span class=\"__1 _165\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _6e\"> </span>(89)<span class=\"__1 _6\"></span> <span class=\"__1 _166\"></span><span class=\"ls62\">               <span class=\"ls0_1\"> <span class=\"__1 _d\"> </span><span class=\"ls61\">- <span class=\"__1 _165\"></span><span class=\"ls62\">                   <span class=\"__1 _6\"></span><span class=\"ls0_1\"> <span class=\"__1 _10c\"> </span> 4<span class=\"__1 _6\"></span>.13<span class=\"__1 _6\"></span>1<span class=\"__1 _1bc\"> </span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span>Sa<span class=\"__1 _5\"></span>ldos a<span class=\"__1 _70\"></span>l 3<span class=\"__1 _6\"></span>1 de<span class=\"__1 _6\"></span> diciembr<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span> de 2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>22 45<span class=\"__1 _6\"></span>.049<span class=\"__1 _6\"></span> <span class=\"__1 _49\"> </span> 10<span class=\"__1 _6\"></span>.566<span class=\"__1 _6\"></span> <span class=\"__1 _49\"> </span> 19<span class=\"__1 _6\"></span>.701<span class=\"__1 _6\"></span> <span class=\"__1 _d2\"> </span> <span class=\"__1 _6\"></span>15<span class=\"__1 _6\"></span>5.53<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span> <span class=\"__1 _15d\"> </span>(1<span class=\"__1 _6\"></span>81<span class=\"__1 _6\"></span>.378<span class=\"__1 _6\"></span>) <span class=\"__1 _166\"></span><span class=\"ls62\">    <span class=\"ls0_1\"> <span class=\"__1 _168\"> </span> 44<span class=\"__1 _6\"></span>.553<span class=\"__1 _6\"></span> <span class=\"__1 _59\"> </span>(1<span class=\"__1 _6\"></span>06<span class=\"__1 _6\"></span>) <span class=\"__1 _166\"></span><span class=\"ls62\">            <span class=\"ls0_1\"> <span class=\"__1 _1f\"> </span> 9<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.918<span class=\"__1 _1bc\"> </span></span></span></span></span>Di<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>tri<span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>uc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>\u00f3n<span class=\"__1 _6\"></span> del<span class=\"__1 _6\"></span> Resu<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>do d<span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>Ejerc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>o Ante<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>r<span class=\"__1 _ec\"> </span><span class=\"ls61\">- <span class=\"__1 _167\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _35\"> </span><span class=\"ls61\">- <span class=\"__1 _165\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _35\"> </span><span class=\"ls61\">- <span class=\"__1 _165\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _35\"> </span><span class=\"ls61\">- <span class=\"__1 _165\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _f9\"> </span> <span class=\"__1 _6\"></span>21<span class=\"__1 _6\"></span>.49<span class=\"__1 _6\"></span>4 <span class=\"__1 _49\"> </span> 18<span class=\"__1 _6\"></span>.56<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span> <span class=\"__1 _f\"> </span><span class=\"ls61\">- <span class=\"__1 _165\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _f9\"> </span> 4<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.058<span class=\"__1 _1bc\"> </span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span>Opera<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> c<span class=\"__1 _6\"></span>on Acc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>nes <span class=\"__1 _6\"></span>Pr<span class=\"__1 _6\"></span>opi<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _156\"> </span><span class=\"ls61\">- <span class=\"__1 _165\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _35\"> </span><span class=\"ls61\">- <span class=\"__1 _165\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _35\"> </span><span class=\"ls61\">- <span class=\"__1 _165\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _18\"> </span> 22<span class=\"__1 _6\"></span>0 <span class=\"__1 _f\"> </span><span class=\"ls61\">- <span class=\"__1 _165\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _35\"> </span><span class=\"ls61\">- <span class=\"__1 _165\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _35\"> </span><span class=\"ls61\">- <span class=\"__1 _165\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _18\"> </span> 22<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span>Ca<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>el<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>\u00f3<span class=\"__1 _6\"></span>n bon<span class=\"__1 _6\"></span>o c<span class=\"__1 _6\"></span>onverti<span class=\"__1 _6\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _131\"> </span><span class=\"ls61\">- <span class=\"__1 _167\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _35\"> </span><span class=\"ls61\">- <span class=\"__1 _165\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _35\"> </span><span class=\"ls61\">- <span class=\"__1 _165\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _10c\"> </span> 3<span class=\"__1 _6\"></span>.14<span class=\"__1 _6\"></span>7 <span class=\"__1 _f\"> </span><span class=\"ls61\">- <span class=\"__1 _165\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _35\"> </span><span class=\"ls61\">- <span class=\"__1 _165\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _35\"> </span><span class=\"ls61\">- <span class=\"__1 _165\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _12\"> </span> 3.14<span class=\"__1 _6\"></span>7<span class=\"__1 _1bc\"> </span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span>Mi<span class=\"__1 _6\"></span>nor<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>tar<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span> y o<span class=\"__1 _6\"></span>tros<span class=\"__1 _6\"></span> movi<span class=\"__1 _8\"></span>mientos<span class=\"__1 _2d\"> </span><span class=\"ls61\">- <span class=\"__1 _165\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _35\"> </span><span class=\"ls61\">- <span class=\"__1 _165\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _134\"> </span>(1<span class=\"__1 _6\"></span>8.9<span class=\"__1 _6\"></span>28<span class=\"__1 _6\"></span>) <span class=\"__1 _166\"></span><span class=\"ls62\">       <span class=\"ls0_1\"> <span class=\"__1 _129\"> </span>(1<span class=\"__1 _6\"></span>39<span class=\"__1 _6\"></span>.78<span class=\"__1 _6\"></span>2)<span class=\"__1 _6\"></span> <span class=\"__1 _166\"></span><span class=\"ls62\">    <span class=\"ls0_1\"> <span class=\"__1 _ed\"> </span> 1<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>9.8<span class=\"__1 _6\"></span>84<span class=\"__1 _6\"></span> <span class=\"__1 _83\"> </span>(1<span class=\"__1 _6\"></span>.268<span class=\"__1 _6\"></span>) <span class=\"__1 _166\"></span><span class=\"ls62\">         <span class=\"ls0_1\"> <span class=\"__1 _91\"> </span><span class=\"ls61\">- <span class=\"__1 _165\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _6e\"> </span>(94<span class=\"__1 _6\"></span>) <span class=\"__1 _166\"></span><span class=\"ls62\">               <span class=\"ls0_1\"> </span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span>Sa<span class=\"__1 _5\"></span>ldos a<span class=\"__1 _70\"></span>l 3<span class=\"__1 _6\"></span>1 de<span class=\"__1 _6\"></span> diciembr<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span> de 2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>23 45<span class=\"__1 _6\"></span>.049<span class=\"__1 _6\"></span> <span class=\"__1 _49\"> </span> 10<span class=\"__1 _6\"></span>.566<span class=\"__1 _6\"></span> <span class=\"__1 _a2\"> </span> <span class=\"__1 _6\"></span>77<span class=\"__1 _6\"></span>3 <span class=\"__1 _49\"> </span> 1<span class=\"__1 _6\"></span>9.11<span class=\"__1 _6\"></span>8 <span class=\"__1 _f\"> </span><span class=\"ls61\">- <span class=\"__1 _165\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _14d\"> </span> 6<span class=\"__1 _6\"></span>1.84<span class=\"__1 _6\"></span>9 <span class=\"__1 _59\"> </span>(1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>6) <span class=\"__1 _166\"></span><span class=\"ls62\">            <span class=\"ls0_1\"> <span class=\"__1 _8b\"> </span> 13<span class=\"__1 _6\"></span>7.24<span class=\"__1 _6\"></span>9<span class=\"__1 _1bc\"> </span></span></span></span></span></span>Re<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span>erva<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> de l<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span> Soc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>edad<span class=\"__1 _6\"></span> Domi<span class=\"__1 _6\"></span>na<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>te<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span>erva<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>co<span class=\"__1 _6\"></span>ns<span class=\"__1 _6\"></span>ol<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>da<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>\u00f3n<span class=\"__1 _1bc\"> </span>gl<span class=\"__1 _6\"></span>oba<span class=\"__1 _8\"></span>l<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span>erva<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>m\u00e9<span class=\"__1 _70\"></span>todo d<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span>pa<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>\u00f3n<span class=\"__1 _1bc\"> </span>Total<span class=\"__1 _5\"></span> re<span class=\"__1 _6\"></span>ser<span class=\"__1 _6\"></span>vas<span class=\"__1 _1bc\"> </span><div class=\"c_1 w2_1 h58 gs137\"><div class=\"t_1 m0_1 x69 h64 y2d2 ff3_1 fs0_1 fc5 sc0_1 ls0_1 ws0_1\">21.4<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Reservas en sociedades <span class=\"__1 _5\"></span>consolidadas po<span class=\"__1 _5\"></span>r integraci\u00f3n<span class=\"__1 _5\"></span> global </span></span></div><div class=\"t_1 m0_1 x69 h8_1 y75d ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El importe de las reservas<span class=\"__1 _6\"></span> en sociedades cons<span class=\"__1 _6\"></span>olidadas de uso restrin<span class=\"__1 _6\"></span>gido al 31 de <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>iciembre de 2023 y 2022 </div><div class=\"t_1 m0_1 x69 h8_1 y75e ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">asciende a 21.143 miles \u20ac, y se corresponde, p<span class=\"__1 _6\"></span>rincipalmente, con la reserva legal de las distintas s<span class=\"__1 _6\"></span>ociedades </div><div class=\"t_1 m0_1 x69 h8_1 y75f ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">del Grupo. </div><div class=\"t_1 m0_1 x69 h64 yc18 ff3_1 fs0_1 fc5 sc0_1 ls0_1 ws0_1\">21.5<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Acci<span class=\"__1 _6\"></span>ones de <span class=\"__1 _5\"></span>la Sociedad D<span class=\"__1 _5\"></span>ominante </span></span></div><div class=\"t_1 m0_1 x59 h8_1 yc19 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"__1 _c8\"> </span>movimiento <span class=\"__1 _c6\"> </span>del <span class=\"__1 _c8\"> </span>ep\u00edgrafe <span class=\"__1 _c6\"> </span>\u201cAcciones<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>prop<span class=\"__1 _6\"></span>ias\u201d <span class=\"__1 _c6\"> </span>del <span class=\"__1 _c8\"></span>Estado <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c8\"> </span>Situaci\u00f3<span class=\"__1 _6\"></span>n <span class=\"__1 _c8\"> </span>Finan<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span><span class=\"ff4\">iera <span class=\"__1 _c6\"> </span>Consolidado <span class=\"__1 _c6\"> </span>adjunto </span></div><div class=\"t_1 m0_1 x59 h8_1 yc1a ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">durante los ejercicios 2023 y<span class=\"__1 _6\"></span> 2022 ha sido el s<span class=\"__1 _6\"></span>iguiente:<span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 xbf h8_1 yc1b ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x69 h8_1 yc1c ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Las <span class=\"__1 _8\"></span>acciones <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>Socie<span class=\"__1 _5\"></span>dad <span class=\"__1 _8\"></span>D<span class=\"__1 _6\"></span>ominante <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>su <span class=\"__1 _8\"></span>pod<span class=\"__1 _6\"></span>er <span class=\"__1 _8\"></span>al <span class=\"__1 _8\"></span>31 <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>diciembre <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>2023 <span class=\"__1 _8\"></span>r<span class=\"__1 _6\"></span>epresentan <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>l <span class=\"__1 _8\"></span>1,57% <span class=\"__1 _8\"></span>del </div><div class=\"t_1 m0_1 x69 h8_1 yc1d ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">capital <span class=\"__1 _6\"></span>social <span class=\"__1 _6\"></span>(1,56% <span class=\"__1 _6\"></span>al<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>31 d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>diciembr<span class=\"__1 _6\"></span>e d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>2022) <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>un <span class=\"__1 _6\"></span>valo<span class=\"__1 _6\"></span>r <span class=\"__1 _6\"></span>nominal <span class=\"__1 _6\"></span>g<span class=\"__1 _8\"></span><span class=\"ff6\">lobal <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>3.484 <span class=\"__1 _8\"></span>miles <span class=\"__1 _6\"></span>\u20ac <span class=\"__1 _6\"></span>(3.458 <span class=\"__1 _6\"></span>miles <span class=\"__1 _6\"></span>\u20ac </span></div><div class=\"t_1 m0_1 x69 h8_1 yc1e ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">al 31 de diciembre d<span class=\"__1 _6\"></span>e 2022). E<span class=\"__1 _6\"></span>l precio medio de ad<span class=\"__1 _6\"></span>quisici\u00f3n de dicha<span class=\"__1 _6\"></span>s acciones es d<span class=\"__1 _6\"></span>e 3,35 euros por acci\u00f3n<span class=\"__1 _6\"></span>. </div><div class=\"t_1 m0_1 x69 h8_1 yc1f ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Las <span class=\"__1 _4\"></span>acciones <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>Soc<span class=\"__1 _6\"></span>iedad <span class=\"__1 _4\"></span>Dominante <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>su <span class=\"__1 _4\"></span>poder <span class=\"__1 _4\"></span>tienen <span class=\"__1 _4\"></span>por <span class=\"__1 _8\"></span>objeto<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>u <span class=\"__1 _4\"></span>negociaci\u00f3n <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>n <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>mercad<span class=\"__1 _6\"></span>o, <span class=\"__1 _4\"></span>as\u00ed </div><div class=\"t_1 m0_1 x69 h8_1 yc20 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">como dar respues<span class=\"__1 _6\"></span>ta a l<span class=\"ls19\">os</span> <span class=\"ff6\">\u201c<span class=\"__1 _6\"></span>Plan de Retribuci\u00f3n a Largo Plaz<span class=\"__1 _6\"></span>o\u201d <span class=\"__1 _6\"></span></span>suscritos por E<span class=\"__1 _6\"></span>NCE (v\u00e9ase Nota 11.2). <span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x69 h8_1 yc21 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ENCE <span class=\"__1 _c8\"></span>mantiene <span class=\"__1 _c8\"></span>un <span class=\"__1 _c8\"></span>contrato <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>liquidez <span class=\"__1 _c8\"> </span>con <span class=\"__1 _c8\"> </span>un <span class=\"__1 _c8\"> </span>intermedi<span class=\"__1 _6\"></span>ario <span class=\"__1 _c8\"></span>financiero <span class=\"__1 _c8\"></span>con <span class=\"__1 _c8\"></span>el <span class=\"__1 _c8\"></span>objetivo <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"></span>favorecer <span class=\"__1 _c8\"></span>la </div><div class=\"t_1 m0_1 x69 h8_1 yc22 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">liquidez y <span class=\"__1 _70\"></span>regularidad en <span class=\"__1 _70\"></span>la cotizaci\u00f3n <span class=\"__1 _70\"></span>de las <span class=\"__1 _70\"></span>acciones de <span class=\"__1 _70\"></span>ENC<span class=\"__1 _6\"></span>E, dentro <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>l\u00edmites <span class=\"__1 _70\"></span>esta<span class=\"__1 _6\"></span>blecidos por <span class=\"__1 _70\"></span>la Junta<span class=\"__1 _5\"></span> </div><div class=\"t_1 m0_1 x69 h8_1 yc23 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">General de Accionis<span class=\"__1 _6\"></span>tas y p<span class=\"__1 _6\"></span>or la normativa vigente, en par<span class=\"__1 _6\"></span>ticular, la Circular <span class=\"__1 _6\"></span>2/2019, de 27 <span class=\"__1 _6\"></span>de noviembre, de </div><div class=\"t_1 m0_1 x69 h8_1 yc24 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">la Comisi\u00f3n Nacional <span class=\"__1 _6\"></span>del Mercado d<span class=\"__1 _6\"></span>e Valores, sobre contratos<span class=\"__1 _6\"></span> de liquidez.<span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x69 h64 y41a ff3_1 fs0_1 fc5 sc0_1 ls0_1 ws0_1\">21.6<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Aj<span class=\"__1 _6\"></span>ustes en pa<span class=\"__1 _5\"></span>trimonio por valorac<span class=\"__1 _5\"></span>i\u00f3n </span></span></div><div class=\"t_1 m0_1 x69 h8_1 yc25 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">La <span class=\"__1 _c8\"> </span>compos<span class=\"__1 _6\"></span>ici\u00f3n <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _c8\"> </span>ep\u00edgraf<span class=\"__1 _6\"></span>e <span class=\"__1 _c6\"> </span>\u201cAjustes <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c8\"> </span>p<span class=\"__1 _6\"></span>atrimonio <span class=\"__1 _c8\"> </span>p<span class=\"__1 _6\"></span>or <span class=\"__1 _c8\"> </span>v<span class=\"__1 _6\"></span>aloraci\u00f3n\u201d <span class=\"__1 _c6\"> </span>del <span class=\"__1 _c8\"> </span>Es<span class=\"__1 _6\"></span>tado <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c8\"> </span>Situaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>Finan<span class=\"__1 _6\"></span>ciera </div><div class=\"t_1 m0_1 x69 h8_1 yc26 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">consolidado a<span class=\"__1 _6\"></span>l cierre de los ejercicios 2023 y<span class=\"__1 _6\"></span> 2022 es la siguiente: <span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x114 h8_1 yc27 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x69 h8_1 y33e ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x69 h64 yc28 ff3_1 fs0_1 fc5 sc0_1 ls0_1 ws0_1\">21.7<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Otros instrumentos de pat<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>imonio neto </span></span></div><div class=\"t_1 m0_1 x69 h8_1 yc29 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"__1 _4\"></span>movimiento <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>ep\u00ed<span class=\"__1 _6\"></span>grafe <span class=\"__1 _4\"></span>\u201cOtros <span class=\"__1 _c8\"> </span>instru<span class=\"__1 _6\"></span>mentos <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>patrimonio <span class=\"__1 _4\"></span>neto\u201d<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>Estado <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>Situaci\u00f3n <span class=\"__1 _4\"></span>Finan<span class=\"__1 _6\"></span>ciera </div><div class=\"t_1 m0_1 x69 h8_1 yc2a ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">consolidado d<span class=\"__1 _6\"></span>urante los ejercicios 2023 y 2022 es el s<span class=\"__1 _6\"></span>iguiente:<span class=\"__1 _6\"></span> </div></div><div class=\"c_1 w134 h1ed gs138\"><div class=\"t_1 m34 x76 h1ee yc2c ff4 fs44 fc0_1 sc0_1 ls0_1 ws0_1\">N<span class=\"__1 _5\"></span>\u00fame<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>o d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> </div><div class=\"t_1 m34 x14 h1ee yc2d ff4 fs44 fc0_1 sc0_1 ls0_1 ws0_1\">a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _4\"></span>one<span class=\"__1 _70\"></span>s<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w135 h1ed gs139\"><div class=\"t_1 m34 x21 h1ee yc2c ff4 fs44 fc0_1 sc0_1 ls0_1 ws0_1\">Mi<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> </div><div class=\"t_1 m34 x36 h1ee yc2d ff4 fs44 fc0_1 sc0_1 ls0_1 ws0_1\">e<span class=\"__1 _5\"></span>ur<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w136 h1ed gs13a\"><div class=\"t_1 m34 x2c h1ee yc2c ff4 fs44 fc0_1 sc0_1 ls0_1 ws0_1\">N<span class=\"__1 _5\"></span>\u00fame<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>o d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> </div><div class=\"t_1 m34 x21 h1ee yc2d ff4 fs44 fc0_1 sc0_1 ls0_1 ws0_1\">a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _4\"></span>one<span class=\"__1 _70\"></span>s<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w135 h1ed gs13b\"><div class=\"t_1 m34 x21 h1ee yc2c ff4 fs44 fc0_1 sc0_1 ls0_1 ws0_1\">Mi<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> </div><div class=\"t_1 m34 x36 h1ee yc2d ff4 fs44 fc0_1 sc0_1 ls0_1 ws0_1\">e<span class=\"__1 _5\"></span>ur<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w137 h1ef gs13c\"><div class=\"t_1 m34 x9 h1ee yc32 ff4 fs44 fc0_1 sc0_1 ls0_1 ws0_1\">A<span class=\"__1 _70\"></span>l<span class=\"__1 _4\"></span> i<span class=\"__1 _6\"></span>ni<span class=\"__1 _4\"></span>ci<span class=\"__1 _8\"></span>o d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span> e<span class=\"__1 _5\"></span>j<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _ec\"> </span>3<span class=\"__1 _6\"></span>.84<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.11<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span> <span class=\"__1 _e6\"> </span>1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.95<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _25\"> </span>3<span class=\"__1 _6\"></span>.92<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.75<span class=\"__1 _6\"></span>0 <span class=\"__1 _53\"> </span>12<span class=\"__1 _6\"></span>.29<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span> </div></div><div class=\"c_1 w137 h1f0 gs13d\"><div class=\"t_1 m34 x9 h1ee yc32 ff4 fs44 fc0_1 sc0_1 ls0_1 ws0_1\">Compra<span class=\"__1 _8\"></span>s<span class=\"__1 _135\"> </span>15<span class=\"__1 _6\"></span>.86<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.48<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span> <span class=\"__1 _e6\"> </span>5<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.49<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _14d\"> </span>15<span class=\"__1 _6\"></span>.24<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.47<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _e6\"> </span>4<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.62<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> </div></div><div class=\"c_1 w137 h1ef gs13e\"><div class=\"t_1 m34 x9 h1ee yc32 ff4 fs44 fc0_1 sc0_1 ls0_1 ws0_1\">I<span class=\"__1 _6\"></span>LP 2<span class=\"__1 _6\"></span>01<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>-2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> (Not<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span> 1<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.2)<span class=\"__1 _79\"> </span>-<span class=\"__1 _85\"> </span>-<span class=\"__1 _d8\"> </span>(<span class=\"__1 _6\"></span>73<span class=\"__1 _6\"></span>.85<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>)<span class=\"__1 _d7\"> </span>(24<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w137 h1ef gs13f\"><div class=\"t_1 m34 x9 h1ee yc36 ff4 fs44 fc0_1 sc0_1 ls0_1 ws0_1\">V<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>nta<span class=\"__1 _6\"></span>s<span class=\"__1 _169\"> </span>(1<span class=\"__1 _6\"></span>5.8<span class=\"__1 _6\"></span>38<span class=\"__1 _6\"></span>.48<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>)<span class=\"__1 _101\"> </span>(5<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.47<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>)<span class=\"__1 _153\"> </span>(15<span class=\"__1 _6\"></span>.24<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.26<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>)<span class=\"__1 _101\"> </span>(4<span class=\"__1 _6\"></span>6.7<span class=\"__1 _6\"></span>26<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w137 h1ef gs140\"><div class=\"t_1 m34 x9 h1f1 yc32 ff3_1 fs44 fc0_1 sc0_1 ls0_1 ws0_1\">Al c<span class=\"__1 _70\"></span>ie<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span> de<span class=\"__1 _6\"></span>l ejer<span class=\"__1 _6\"></span>ci<span class=\"__1 _5\"></span>c<span class=\"__1 _5\"></span>io<span class=\"__1 _dc\"> </span>3.87<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>11<span class=\"__1 _6\"></span>1<span class=\"__1 _f5\"> </span>1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.980<span class=\"__1 _41\"> </span>3.<span class=\"__1 _5\"></span>8<span class=\"__1 _6\"></span>43<span class=\"__1 _6\"></span>.11<span class=\"__1 _6\"></span>1<span class=\"__1 _f5\"> </span>12<span class=\"__1 _6\"></span>.95<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w138 h1f2 gs141\"><div class=\"t_1 m34 x116 h1ee yc39 ff4 fs44 fc0_1 sc0_1 ls0_1 ws0_1\">31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>23<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w139 h1f2 gs142\"><div class=\"t_1 m34 x117 h1ee yc39 ff4 fs44 fc0_1 sc0_1 ls0_1 ws0_1\">31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>22<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w13a h1f3 gs143\"><div class=\"t_1 m35 x9 h1f4 yc3c ff4 fs45 fc0_1 sc0_1 ls0_1 ws0_1\">Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de E<span class=\"__1 _5\"></span>ur<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> </div></div><div class=\"c_1 w13b h1f3 gs144\"><div class=\"t_1 m35 x98 h1f4 yc3d ff4 fs45 fc0_1 sc0_1 ls0_1 ws0_1\">Val<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span> </div><div class=\"t_1 m35 x76 h1f4 yc3e ff4 fs45 fc0_1 sc0_1 ls0_1 ws0_1\">r<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>zona<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w13b h1f3 gs145\"><div class=\"t_1 m35 x38 h1f4 yc3d ff4 fs45 fc0_1 sc0_1 ls0_1 ws0_1\">Efe<span class=\"__1 _70\"></span>c<span class=\"__1 _6\"></span>to </div><div class=\"t_1 m35 xa h1f4 yc3e ff4 fs45 fc0_1 sc0_1 ls0_1 ws0_1\">i<span class=\"__1 _8\"></span>m<span class=\"__1 _5\"></span>pos<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ti<span class=\"__1 _6\"></span>vo<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w13b h1f3 gs146\"><div class=\"t_1 m35 x2c h1f4 yc3d ff4 fs45 fc0_1 sc0_1 ls0_1 ws0_1\">A<span class=\"__1 _5\"></span>j<span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>te<span class=\"__1 _5\"></span> e<span class=\"__1 _5\"></span>n </div><div class=\"t_1 m35 x3a h1f4 yc3e ff4 fs45 fc0_1 sc0_1 ls0_1 ws0_1\">pa<span class=\"__1 _6\"></span>tr<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>m<span class=\"__1 _5\"></span>oni<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w13b h1f3 gs147\"><div class=\"t_1 m35 x98 h1f4 yc3d ff4 fs45 fc0_1 sc0_1 ls0_1 ws0_1\">Val<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span> </div><div class=\"t_1 m35 x76 h1f4 yc3e ff4 fs45 fc0_1 sc0_1 ls0_1 ws0_1\">r<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>zona<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w13b h1f3 gs148\"><div class=\"t_1 m35 x38 h1f4 yc3d ff4 fs45 fc0_1 sc0_1 ls0_1 ws0_1\">Efe<span class=\"__1 _70\"></span>c<span class=\"__1 _6\"></span>to </div><div class=\"t_1 m35 xa h1f4 yc3e ff4 fs45 fc0_1 sc0_1 ls0_1 ws0_1\">i<span class=\"__1 _8\"></span>m<span class=\"__1 _5\"></span>pos<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ti<span class=\"__1 _6\"></span>vo<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w13b h1f3 gs149\"><div class=\"t_1 m35 x2c h1f4 yc3d ff4 fs45 fc0_1 sc0_1 ls0_1 ws0_1\">A<span class=\"__1 _5\"></span>j<span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>te<span class=\"__1 _5\"></span> e<span class=\"__1 _5\"></span>n </div><div class=\"t_1 m35 x3a h1f4 yc3e ff4 fs45 fc0_1 sc0_1 ls0_1 ws0_1\">pa<span class=\"__1 _6\"></span>tr<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>m<span class=\"__1 _5\"></span>oni<span class=\"__1 _8\"></span>o<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w13c h1f5 gs14a\"><div class=\"t_1 m35 x9 h1f4 yc40 ff4 fs45 fc0_1 sc0_1 ls0_1 ws0_1\">Re<span class=\"__1 _70\"></span>v<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>za<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3<span class=\"__1 _6\"></span>n de t<span class=\"__1 _70\"></span>err<span class=\"__1 _6\"></span>enos<span class=\"__1 _8\"></span> (N<span class=\"__1 _5\"></span>ota<span class=\"__1 _6\"></span> 16<span class=\"__1 _6\"></span>.3)</div></div><div class=\"c_1 w13d h1f6 gs14b\"><div class=\"t_1 m35 x11b h1f4 yc42 ff4 fs45 fc0_1 sc0_1 ls63 ws0_1\">         54<span class=\"__1 _6\"></span>.10<span class=\"__1 _6\"></span>2  <span class=\"__1 _c9\"> </span>         1<span class=\"__1 _6\"></span>3.51<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>  <span class=\"__1 _c9\"> </span>         40<span class=\"__1 _6\"></span>.592<span class=\"__1 _6\"></span>  <span class=\"__1 _158\"> </span>         54<span class=\"__1 _6\"></span>.10<span class=\"__1 _6\"></span>2  <span class=\"__1 _c9\"> </span>         1<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.510<span class=\"__1 _6\"></span>  <span class=\"__1 _c9\"> </span>         40<span class=\"__1 _6\"></span>.59<span class=\"__1 _6\"></span>2  </div></div><div class=\"c_1 w13e h1f7 gs14c\"><div class=\"t_1 m35 x9 h1f4 yc42 ff4 fs45 fc0_1 sc0_1 ls0_1 ws0_1\">Op<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> c<span class=\"__1 _6\"></span>obertur<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span> (Nota 3<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w13f h1f6 gs14d\"><div class=\"t_1 m35 x33 h1f4 yc42 ff4 fs45 fc0_1 sc0_1 ls0_1 ws0_1\">I<span class=\"__1 _6\"></span>RSwa<span class=\"__1 _6\"></span>p<span class=\"__1 _170\"> </span><span class=\"ls63\">           (84<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>)   <span class=\"__1 _c9\"> </span>           (21<span class=\"__1 _6\"></span>2)   <span class=\"__1 _c9\"> </span>           (6<span class=\"__1 _6\"></span>34<span class=\"__1 _6\"></span>)   <span class=\"__1 _41\"> </span></span>  3<span class=\"__1 _6\"></span>.56<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>   <span class=\"__1 _7c\"> </span>  8<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>0   <span class=\"__1 _ab\"> </span>  2<span class=\"__1 _6\"></span>.67<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>   </div></div><div class=\"c_1 w140 h1f7 gs14e\"><div class=\"t_1 m35 x33 h1f4 yc42 ff4 fs45 fc0_1 sc0_1 ls0_1 ws0_1\">Ti<span class=\"__1 _6\"></span>po <span class=\"__1 _6\"></span>de ca<span class=\"__1 _6\"></span>mbi<span class=\"__1 _8\"></span>o<span class=\"__1 _13\"> </span>  1.05<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>   <span class=\"__1 _7c\"> </span>  2<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>4  <span class=\"__1 _6\"></span> <span class=\"__1 _67\"> </span>  <span class=\"__1 _6\"></span>79<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>   <span class=\"__1 _158\"> </span><span class=\"ls63\">           (35<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>)   <span class=\"__1 _cd\"> </span>             (9<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)   <span class=\"__1 _c9\"> </span>           (26<span class=\"__1 _6\"></span>6)   </span></div></div><div class=\"c_1 w141 h1f6 gs14f\"><div class=\"t_1 m35 x0_1 h1f8 yc42 ff3_1 fs45 fc0_1 sc0_1 ls0_1 ws0_1\">  5<span class=\"__1 _6\"></span>4.31<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>   <span class=\"__1 _15d\"> </span>  1<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.562<span class=\"__1 _6\"></span>   <span class=\"__1 _12c\"> </span>  40<span class=\"__1 _6\"></span>.75<span class=\"__1 _6\"></span>1 <span class=\"__1 _6\"></span>  <span class=\"__1 _10c\"> </span>  5<span class=\"__1 _6\"></span>7.30<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>   <span class=\"__1 _15d\"> </span>  1<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>.310<span class=\"__1 _6\"></span>   <span class=\"__1 _12c\"> </span>  42<span class=\"__1 _6\"></span>.99<span class=\"__1 _6\"></span>8 <span class=\"__1 _6\"></span>  </div></div><div class=\"c_1 w142 h1f9 gs150\"><div class=\"t_1 m35 x67 h1f8 yc48 ff3_1 fs45 fc0_1 sc0_1 ls64 ws0_1\">31/12/2023<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w143 h1f9 gs151\"><div class=\"t_1 m35 x67 h1f8 yc48 ff3_1 fs45 fc0_1 sc0_1 ls64 ws0_1\">31/12/2022<span class=\"__1 _1bc\"> </span></div></div>21.8<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Intereses minoritarios<span class=\"__1 _1bc\"> </span></span></span>El movimiento de e<span class=\"__1 _5\"></span>ste ep\u00edgrafe del Estado de Situaci\u00f3n Fina<span class=\"__1 _5\"></span>nciera Consolidado en los ejercicios <span class=\"__1 _5\"></span>2<span class=\"__1 _6\"></span>023 y 2022<span class=\"__1 _1bc\"> </span>es el siguiente:<span class=\"__1 _1bc\"> </span>Durante <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>ejer<span class=\"__1 _6\"></span>cicio <span class=\"__1 _6\"></span>2022 <span class=\"__1 _8\"></span>se <span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>onstituy<span class=\"__1 _6\"></span>\u00f3 <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>Sociedad<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>BioCH4 <span class=\"__1 _8\"></span>Developments, <span class=\"__1 _8\"></span>S.L. <span class=\"__1 _6\"></span>participad<span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>un <span class=\"__1 _6\"></span>60% <span class=\"__1 _6\"></span>por<span class=\"__1 _1bc\"> </span>Ence Biog\u00e1s, S.L., filial de la So<span class=\"__1 _6\"></span>ciedad Dominan<span class=\"__1 _6\"></span>te.<span class=\"__1 _1bc\"> </span>La <span class=\"__1 _8\"></span>columna <span class=\"__1 _4\"></span>\u201cOtros <span class=\"__1 _8\"></span>movimien<span class=\"__1 _6\"></span>tos\u201d <span class=\"__1 _4\"></span>re<span class=\"__1 _5\"></span>coge<span class=\"ff4 ls11\">, <span class=\"__1 _4\"></span><span class=\"ls0_1\">principalmente, <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>impacto <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>los <span class=\"__1 _8\"></span>intereses <span class=\"__1 _4\"></span>minoritarios <span class=\"__1 _8\"></span>de<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>los<span class=\"__1 _1bc\"> </span></span></span>\u201cAjustes en p<span class=\"__1 _6\"></span>atrimonio por valoraci\u00f3n\u201d<span class=\"__1 _6\"></span> (v\u00e9ase Nota 21.6). Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de e<span class=\"__1 _70\"></span>ur<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>do <span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span>01<span class=\"__1 _6\"></span>/0<span class=\"__1 _6\"></span>1/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _70\"></span>c<span class=\"__1 _6\"></span>ompr<span class=\"__1 _6\"></span>a<span class=\"__1 _1bc\"> </span>bono<span class=\"__1 _1bc\"> </span>I<span class=\"__1 _6\"></span>mput<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _6\"></span> a<span class=\"__1 _1bc\"> </span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>Efe<span class=\"__1 _70\"></span>c<span class=\"__1 _6\"></span>to<span class=\"__1 _1bc\"> </span>i<span class=\"__1 _8\"></span>m<span class=\"__1 _5\"></span>pos<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ti<span class=\"__1 _6\"></span>vo<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>do<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>Bono c<span class=\"__1 _6\"></span>onverti<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>(N<span class=\"__1 _5\"></span>ota<span class=\"__1 _6\"></span> 28<span class=\"__1 _6\"></span>)<span class=\"__1 _46\"> </span>  3.1<span class=\"__1 _6\"></span>47<span class=\"__1 _6\"></span>   <span class=\"__1 _cc\"> </span><span class=\"ls65\">           (3<span class=\"__1 _6\"></span>.147<span class=\"__1 _6\"></span>)   <span class=\"__1 _ce\"> </span>                       -   <span class=\"__1 _ce\"> </span>                       -  </span>Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>n de In<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>e<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vos<span class=\"__1 _8\"></span> a<span class=\"__1 _8\"></span> L<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>go Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>zo (N<span class=\"__1 _5\"></span>ota <span class=\"__1 _6\"></span>11<span class=\"__1 _6\"></span>.2)<span class=\"__1 _1bc\"> </span>606                       -   <span class=\"__1 _d7\"> </span><span class=\"ls66\">961 <span class=\"__1 _fd\"> </span><span class=\"ls0_1\">(2<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>9)<span class=\"__1 _1bc\"> </span></span></span>1.32<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span>3.75<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>(3.14<span class=\"__1 _6\"></span>7)<span class=\"__1 _ed\"> </span><span class=\"ls66\">961 <span class=\"__1 _ee\"> </span></span>(23<span class=\"__1 _6\"></span>9)<span class=\"__1 _1bc\"> </span>1.32<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de e<span class=\"__1 _70\"></span>ur<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>do a<span class=\"__1 _8\"></span>l<span class=\"__1 _1bc\"> </span>01<span class=\"__1 _6\"></span>/0<span class=\"__1 _6\"></span>1/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>22<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _70\"></span>c<span class=\"__1 _6\"></span>ompr<span class=\"__1 _6\"></span>a<span class=\"__1 _1bc\"> </span>bono<span class=\"__1 _1bc\"> </span>L<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>qui<span class=\"__1 _8\"></span>da<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _1bc\"> </span>I<span class=\"__1 _6\"></span>mput<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n a<span class=\"__1 _1bc\"> </span>res<span class=\"__1 _6\"></span>ul<span class=\"__1 _8\"></span>ta<span class=\"__1 _6\"></span>dos<span class=\"__1 _1bc\"> </span>Efe<span class=\"__1 _70\"></span>c<span class=\"__1 _6\"></span>to<span class=\"__1 _1bc\"> </span>i<span class=\"__1 _8\"></span>m<span class=\"__1 _5\"></span>pos<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>ti<span class=\"__1 _8\"></span>vo<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>do<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>22<span class=\"__1 _1bc\"> </span>Bono c<span class=\"__1 _6\"></span>onverti<span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span> (Nota 2<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>)<span class=\"__1 _a7\"> </span>  8.778<span class=\"__1 _6\"></span>   <span class=\"__1 _cf\"> </span><span class=\"ls67\">           (5<span class=\"__1 _6\"></span>.631<span class=\"__1 _6\"></span>)   <span class=\"__1 _cd\"> </span>                       -   <span class=\"__1 _cd\"> </span>                       -   <span class=\"__1 _cd\"> </span>                       -  </span>3.14<span class=\"__1 _6\"></span>7<span class=\"__1 _1bc\"> </span>Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>n <span class=\"__1 _6\"></span>de Inc<span class=\"__1 _6\"></span>ent<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>vos<span class=\"__1 _8\"></span> a<span class=\"__1 _6\"></span> Lar<span class=\"__1 _6\"></span>go P<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>zo (Not<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span> 11<span class=\"__1 _6\"></span>.2)<span class=\"__1 _1bc\"> </span>1.11<span class=\"__1 _6\"></span>9                       -   <span class=\"__1 _cb\"> </span>               (5<span class=\"__1 _6\"></span>41<span class=\"__1 _6\"></span>)   <span class=\"__1 _61\"> </span><span class=\"ls68\">38 <span class=\"__1 _15\"> </span><span class=\"ls0_1\">(1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span></span>606<span class=\"__1 _1bc\"> </span>9.89<span class=\"__1 _6\"></span>7<span class=\"__1 _1bc\"> </span>(5.631<span class=\"__1 _6\"></span>)<span class=\"__1 _161\"> </span>(54<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>)<span class=\"__1 _6d\"> </span><span class=\"ls68\">38 <span class=\"__1 _15\"> </span></span>(10<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span>3.75<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>A\u00f1o 2<span class=\"__1 _6\"></span>02<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>Soc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>eda<span class=\"__1 _6\"></span>d<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>o a<span class=\"__1 _8\"></span>l<span class=\"__1 _1bc\"> </span>01<span class=\"__1 _6\"></span>/0<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>ul<span class=\"__1 _4\"></span>t<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span>do<span class=\"__1 _1bc\"> </span>a<span class=\"__1 _6\"></span>tri<span class=\"__1 _4\"></span>bui<span class=\"__1 _8\"></span>do a<span class=\"__1 _1bc\"> </span>m<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>nor<span class=\"__1 _6\"></span>i<span class=\"__1 _4\"></span>t<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>os<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>to<span class=\"__1 _1bc\"> </span>di<span class=\"__1 _8\"></span>vi<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>ndos<span class=\"__1 _1bc\"> </span>Otr<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>m<span class=\"__1 _5\"></span>ovi<span class=\"__1 _8\"></span>mi<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>tos<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>o a<span class=\"__1 _8\"></span>l<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>Ene<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>g\u00eda<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> l<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span> L<span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span>ma, S.A<span class=\"__1 _70\"></span>.<span class=\"__1 _d8\"> </span><span class=\"ls69\">            5<span class=\"__1 _6\"></span>.56<span class=\"__1 _6\"></span>8 <span class=\"__1 _150\"> </span>              (25<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>           (1.95<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>)<span class=\"__1 _b7\"> </span>                   -   <span class=\"__1 _8\"></span>             3<span class=\"__1 _6\"></span>.35<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span></span>Ene<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>g\u00eda<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>Ma<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>h<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>E<span class=\"__1 _5\"></span>nem<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span>n, S.<span class=\"__1 _5\"></span>A<span class=\"__1 _70\"></span>.<span class=\"__1 _127\"> </span><span class=\"ls69\">            5<span class=\"__1 _6\"></span>.49<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>           (2.79<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>           (2.09<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>)<span class=\"__1 _b7\"> </span>                   -   <span class=\"__1 _70\"></span>                 6<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span></span>Bi<span class=\"__1 _8\"></span>oe<span class=\"__1 _5\"></span>nerg\u00eda<span class=\"__1 _6\"></span> Sa<span class=\"__1 _8\"></span>nta<span class=\"__1 _6\"></span>ma<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>\u00eda<span class=\"__1 _6\"></span>, S.A<span class=\"__1 _70\"></span>.<span class=\"__1 _3f\"> </span><span class=\"ls69\">           (2<span class=\"__1 _6\"></span>.72<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>)<span class=\"__1 _2a\"> </span>            6<span class=\"__1 _6\"></span>.61<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _5c\"> </span>                   -   <span class=\"__1 _d1\"> </span>                   -   <span class=\"__1 _8\"></span>             3<span class=\"__1 _6\"></span>.889<span class=\"__1 _1bc\"> </span></span>MA<span class=\"__1 _70\"></span>GN<span class=\"__1 _5\"></span>ON<span class=\"__1 _1e\"> </span><span class=\"ls69\">        1<span class=\"__1 _6\"></span>08<span class=\"__1 _6\"></span>.50<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                24<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _5c\"> </span>                   -   <span class=\"__1 _c3\"></span>           (1.30<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>)<span class=\"__1 _c1\"> </span>         1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.441<span class=\"__1 _1bc\"> </span></span>Bi<span class=\"__1 _8\"></span>oCH4 Deve<span class=\"__1 _70\"></span>l<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>pme<span class=\"__1 _70\"></span>nts<span class=\"__1 _6\"></span>, S.L<span class=\"__1 _70\"></span>.<span class=\"__1 _88\"> </span><span class=\"ls69\">                4<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>0 <span class=\"__1 _150\"> </span>              (15<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>)<span class=\"__1 _b7\"> </span>                   -   <span class=\"__1 _d1\"> </span>                   -   <span class=\"__1 _70\"></span>                 2<span class=\"__1 _6\"></span>47<span class=\"__1 _1bc\"> </span></span>T<span class=\"__1 _5\"></span>ot<span class=\"__1 _6\"></span>a<span class=\"__1 _5\"></span>l<span class=\"__1 _172\"> </span>11<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.23<span class=\"__1 _6\"></span>6<span class=\"__1 _aa\"> </span><span class=\"ls69\">            3.650<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>           (4<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>05<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>           (1.<span class=\"__1 _5\"></span>30<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>)<span class=\"__1 _7e\"> </span><span class=\"ls0_1\">1<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.52<span class=\"__1 _6\"></span>7<span class=\"__1 _1bc\"> </span></span></span>Mi<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> Euros<span class=\"__1 _1bc\"> </span>A\u00f1o 2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>22<span class=\"__1 _1bc\"> </span>Soc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>eda<span class=\"__1 _6\"></span>d<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _4\"></span>do a<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span>01<span class=\"__1 _6\"></span>/0<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>u<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>ta<span class=\"__1 _6\"></span>do<span class=\"__1 _1bc\"> </span>a<span class=\"__1 _6\"></span>tr<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>bui<span class=\"__1 _4\"></span>do a<span class=\"__1 _1bc\"> </span>m<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>nor<span class=\"__1 _6\"></span>i<span class=\"__1 _4\"></span>t<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>os<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>to<span class=\"__1 _1bc\"> </span>di<span class=\"__1 _8\"></span>vi<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>ndo<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>Otr<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>m<span class=\"__1 _5\"></span>ovi<span class=\"__1 _8\"></span>mi<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>tos<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _4\"></span>do a<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>E<span class=\"__1 _5\"></span>nerg\u00eda<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> l<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span> L<span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span>ma, S.A<span class=\"__1 _70\"></span>.<span class=\"__1 _8a\"> </span><span class=\"ls6a\">            4<span class=\"__1 _6\"></span>.81<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                96<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>                (2<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>)<span class=\"__1 _bd\"> </span>                   -   <span class=\"__1 _8\"></span>             5<span class=\"__1 _6\"></span>.56<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span></span>E<span class=\"__1 _5\"></span>nerg\u00eda<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span> Ma<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>h<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>E<span class=\"__1 _5\"></span>nem<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span>n, S.<span class=\"__1 _5\"></span>A<span class=\"__1 _70\"></span>.<span class=\"__1 _15d\"> </span><span class=\"ls6a\">            5<span class=\"__1 _6\"></span>.535<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                5<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>                (5<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>3)<span class=\"__1 _e9\"> </span>                   -   <span class=\"__1 _8\"></span>             5<span class=\"__1 _6\"></span>.490<span class=\"__1 _1bc\"> </span></span>Bi<span class=\"__1 _8\"></span>oe<span class=\"__1 _5\"></span>nerg\u00eda<span class=\"__1 _6\"></span> Sa<span class=\"__1 _8\"></span>nta<span class=\"__1 _6\"></span>ma<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>\u00eda<span class=\"__1 _8\"></span>, S.<span class=\"__1 _70\"></span>A.<span class=\"__1 _6f\"> </span><span class=\"ls6a\">                439<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>           (2<span class=\"__1 _6\"></span>.97<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>              (1<span class=\"__1 _6\"></span>98<span class=\"__1 _6\"></span>)<span class=\"__1 _bd\"> </span>                   -   <span class=\"__1 _c3\"></span>            (2.72<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>MA<span class=\"__1 _70\"></span>GN<span class=\"__1 _70\"></span>O<span class=\"__1 _6\"></span>N<span class=\"__1 _173\"> </span><span class=\"ls6a\">        10<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.06<span class=\"__1 _6\"></span>6 <span class=\"__1 _c1\"> </span>            3.18<span class=\"__1 _6\"></span>7 <span class=\"__1 _c5\"> </span>                   -   <span class=\"__1 _8\"></span>            3<span class=\"__1 _6\"></span>.254<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>         1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.507<span class=\"__1 _1bc\"> </span></span>Bi<span class=\"__1 _8\"></span>oCH4 <span class=\"__1 _6\"></span>De<span class=\"__1 _70\"></span>v<span class=\"__1 _6\"></span>e<span class=\"__1 _70\"></span>l<span class=\"__1 _4\"></span>opm<span class=\"__1 _5\"></span>e<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>ts<span class=\"__1 _6\"></span>, S.L<span class=\"__1 _70\"></span>.<span class=\"__1 _94\"> </span><span class=\"ls6a\">                   -   <span class=\"__1 _cc\"> </span>                   -   <span class=\"__1 _c1\"> </span>                   -   <span class=\"__1 _bf\"></span>                4<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                 40<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span></span>T<span class=\"__1 _5\"></span>ot<span class=\"__1 _6\"></span>a<span class=\"__1 _5\"></span>l<span class=\"__1 _16a\"> </span>11<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.85<span class=\"__1 _6\"></span>8<span class=\"__1 _99\"> </span>1<span class=\"__1 _6\"></span>.70<span class=\"__1 _6\"></span>6<span class=\"__1 _cc\"> </span><span class=\"ls6a\">              (98<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>)<span class=\"__1 _6e\"> </span></span>3<span class=\"__1 _6\"></span>.65<span class=\"__1 _6\"></span>4<span class=\"__1 _7c\"> </span>1<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>23<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span> de<span class=\"__1 _5\"></span> Euros",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-29": {
   "value": "21.1<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Capital social<span class=\"__1 _1bc\"> </span></span></span><span class=\"ff5\"><span class=\"ff3_1 fc3\"> </span></span>El  capital <span class=\"__1 _ca\"> </span>social  de <span class=\"__1 _c6\"> </span>ENCE<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>E<span class=\"__1 _6\"></span>nerg\u00eda <span class=\"__1 _ca\"> </span>y  Celulosa,  S.A., <span class=\"__1 _c6\"> </span>al  31 <span class=\"__1 _c6\"> </span>de  diciembre  de <span class=\"__1 _c6\"> </span>2023  est\u00e1  representado  por<span class=\"__1 _1bc\"> </span> 246.272.500 <span class=\"__1 _c9\"> </span>accion<span class=\"__1 _6\"></span>es <span class=\"__1 _c9\"> </span>al <span class=\"__1 _c9\"> </span>portador <span class=\"__1 _c9\"> </span>de <span class=\"__1 _c9\"> </span>0,9 <span class=\"__1 _cd\"> </span>euros <span class=\"__1 _c9\"> </span>de <span class=\"__1 _c9\"> </span>valor <span class=\"__1 _c9\"> </span>nominal <span class=\"__1 _c9\"> </span>cada <span class=\"__1 _cd\"> </span>una, <span class=\"__1 _c9\"> </span>totalmente <span class=\"__1 _c9\"> </span>suscritas <span class=\"__1 _c9\"> </span>y<span class=\"__1 _1bc\"> </span> desembolsadas.  Al <span class=\"__1 _c8\"></span>estar <span class=\"__1 _c8\"> </span>representadas<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>las <span class=\"__1 _c8\"> </span>acciones <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>ENCE<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>por <span class=\"__1 _c6\"> </span>anotaciones <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c8\"> </span>cuenta, <span class=\"__1 _c8\"> </span>no <span class=\"__1 _c8\"> </span>se <span class=\"__1 _c8\"> </span>con<span class=\"__1 _6\"></span>oce <span class=\"__1 _c8\"></span>con <span class=\"__1 _c8\"> </span>exactitud <span class=\"__1 _c8\"> </span>la<span class=\"__1 _1bc\"> </span> participaci\u00f3n <span class=\"__1 _c9\"> </span>de <span class=\"__1 _cb\"> </span>los <span class=\"__1 _c9\"> </span>accionistas <span class=\"__1 _cb\"> </span>en <span class=\"__1 _cb\"> </span>el <span class=\"__1 _c9\"> </span>capital <span class=\"__1 _cb\"> </span>social. <span class=\"__1 _c9\"> </span>El <span class=\"__1 _cb\"> </span>cuadro <span class=\"__1 _cb\"> </span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _cb\"> </span>figura <span class=\"__1 _cb\"> </span>a <span class=\"__1 _c9\"> </span>continuaci\u00f3n <span class=\"__1 _cb\"> </span>recoge <span class=\"__1 _c9\"> </span>las<span class=\"__1 _1bc\"> </span> participaciones <span class=\"__1 _6\"></span>significativas,<span class=\"__1 _6\"></span> directas e <span class=\"__1 _6\"></span>indirectas, <span class=\"__1 _6\"></span>en el <span class=\"__1 _6\"></span>capital s<span class=\"__1 _6\"></span>ocial de <span class=\"__1 _6\"></span>ENCE a <span class=\"__1 _6\"></span>31 de <span class=\"__1 _6\"></span>dici<span class=\"__1 _6\"></span>embre <span class=\"__1 _6\"></span>de 2023 <span class=\"__1 _6\"></span>y<span class=\"__1 _1bc\"> </span> 2022, <span class=\"__1 _c9\"> </span>as\u00ed <span class=\"__1 _cd\"> </span>como, <span class=\"__1 _c9\"> </span>en <span class=\"__1 _cd\"> </span>su <span class=\"__1 _cd\"> </span>caso, <span class=\"__1 _c9\"> </span>los <span class=\"__1 _cd\"> </span>instrumentos <span class=\"__1 _c9\"> </span>finan<span class=\"__1 _6\"></span>cieros <span class=\"__1 _c9\"> </span>comunicad<span class=\"__1 _6\"></span>os <span class=\"__1 _cd\"> </span>por <span class=\"__1 _c9\"> </span>los <span class=\"__1 _c9\"> </span>titulares <span class=\"__1 _cd\"> </span>de <span class=\"__1 _c9\"> </span>dicha<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span> participaciones a <span class=\"__1 _70\"></span>los registros <span class=\"__1 _70\"></span>oficiales de <span class=\"__1 _70\"></span>la <span class=\"__1 _5\"></span>Comisi\u00f3n Nacional <span class=\"__1 _5\"></span>del <span class=\"__1 _70\"></span>Mercado<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>Valo<span class=\"__1 _6\"></span>res (en <span class=\"__1 _70\"></span>adelante, CNMV)<span class=\"__1 _1bc\"> </span> o a la propia so<span class=\"__1 _6\"></span>ciedad de acuerdo <span class=\"__1 _6\"></span>con lo d<span class=\"__1 _6\"></span>ispuesto en el Real Decreto 1362/2007, d<span class=\"__1 _6\"></span>e 19 de octub<span class=\"__1 _6\"></span>re:<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> Las acciones d<span class=\"__1 _6\"></span>e la Sociedad <span class=\"__1 _6\"></span>Dominan<span class=\"__1 _6\"></span>te est\u00e1n admitidas<span class=\"__1 _6\"></span> a negociaci\u00f3n<span class=\"__1 _6\"></span> oficial en la<span class=\"__1 _6\"></span>s Bols<span class=\"__1 _6\"></span>as Esp<span class=\"__1 _6\"></span>a\u00f1olas y en el<span class=\"__1 _1bc\"> </span>Mercado continuo, go<span class=\"__1 _6\"></span>zando todas ellas<span class=\"__1 _6\"></span> de iguales derechos p<span class=\"__1 _6\"></span>ol\u00edticos y econ\u00f3<span class=\"__1 _6\"></span>micos.<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _70\"></span>c<span class=\"__1 _6\"></span>c<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>oni<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>ta<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>02<span class=\"__1 _6\"></span>3<span class=\"__1 _c5\"> </span>3<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/20<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>D. J<span class=\"__1 _5\"></span>ua<span class=\"__1 _8\"></span>n Lui<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> Arr<span class=\"__1 _6\"></span>eg<span class=\"__1 _70\"></span>u<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span> / Re<span class=\"__1 _5\"></span>tos<span class=\"__1 _6\"></span> O<span class=\"__1 _6\"></span>pera<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>vos<span class=\"__1 _8\"></span> XX<span class=\"__1 _6\"></span>I<span class=\"__1 _8\"></span>, S.<span class=\"__1 _70\"></span>L.<span class=\"__1 _1bc\"> </span>29<span class=\"__1 _6\"></span>,4<span class=\"__1 _6\"></span>4<span class=\"__1 _99\"> </span>29<span class=\"__1 _6\"></span>,44<span class=\"__1 _1bc\"> </span>D. V<span class=\"__1 _70\"></span>\u00edc<span class=\"__1 _6\"></span>tor<span class=\"__1 _6\"></span> Urr<span class=\"__1 _6\"></span>uti<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span> / As<span class=\"__1 _6\"></span>\u00faa<span class=\"__1 _8\"></span> I<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>ve<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span>, S.L<span class=\"__1 _70\"></span>.<span class=\"__1 _1bc\"> </span>7,2<span class=\"__1 _6\"></span>9<span class=\"__1 _d7\"> </span>7<span class=\"__1 _6\"></span>,29<span class=\"__1 _1bc\"> </span>D. J<span class=\"__1 _5\"></span>os<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span> I<span class=\"__1 _6\"></span>gna<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o Come<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>ge<span class=\"__1 _70\"></span> / La<span class=\"__1 _6\"></span> Fuente<span class=\"__1 _70\"></span> Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>da<span class=\"__1 _8\"></span> S.L<span class=\"__1 _70\"></span>.<span class=\"__1 _1bc\"> </span>6,3<span class=\"__1 _6\"></span>8<span class=\"__1 _d7\"> </span>6<span class=\"__1 _6\"></span>,38<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _70\"></span>u<span class=\"__1 _6\"></span>toca<span class=\"__1 _8\"></span>r<span class=\"__1 _6\"></span>te<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>a<span class=\"__1 _1bc\"> </span>1,5<span class=\"__1 _6\"></span>7<span class=\"__1 _d7\"> </span>1<span class=\"__1 _6\"></span>,56<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>mbr<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> del<span class=\"__1 _6\"></span> Co<span class=\"__1 _6\"></span>ns<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>j<span class=\"__1 _8\"></span>o c<span class=\"__1 _6\"></span>on p<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>ti<span class=\"__1 _8\"></span>ci<span class=\"__1 _4\"></span>pa<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n &lt; 3%<span class=\"__1 _1bc\"> </span>0,6<span class=\"__1 _6\"></span>2<span class=\"__1 _d7\"> </span>0<span class=\"__1 _6\"></span>,62<span class=\"__1 _1bc\"> </span>Fr<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>e<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>Fl<span class=\"__1 _8\"></span>oa<span class=\"__1 _8\"></span>t<span class=\"__1 _1bc\"> </span>54<span class=\"__1 _6\"></span>,7<span class=\"__1 _6\"></span>0<span class=\"__1 _99\"> </span>54<span class=\"__1 _6\"></span>,71<span class=\"__1 _1bc\"> </span>T<span class=\"__1 _5\"></span>ot<span class=\"__1 _6\"></span>a<span class=\"__1 _5\"></span>l<span class=\"__1 _1bc\"> </span>10<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>,00<span class=\"__1 _25\"> </span>1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>,00<span class=\"__1 _1bc\"> </span>%<span class=\"__1 _1bc\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-30": {
   "value": "21.2<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Prima de emisi\u00f3n<span class=\"__1 _1bc\"> </span></span></span>El <span class=\"__1 _8\"></span>Texto <span class=\"__1 _8\"></span>Refundido <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>Ley <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>Sociedades <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>Cap<span class=\"__1 _6\"></span>ital <span class=\"__1 _8\"></span>permite <span class=\"__1 _8\"></span>expresamente <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>utilizac<span class=\"__1 _6\"></span>i\u00f3n <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>saldo <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la<span class=\"__1 _1bc\"> </span>prima <span class=\"__1 _c9\"> </span>de <span class=\"__1 _cb\"> </span>e<span class=\"__1 _6\"></span>misi\u00f3n <span class=\"__1 _c9\"> </span>para <span class=\"__1 _c9\"> </span>ampliar <span class=\"__1 _c9\"> </span>capital <span class=\"__1 _c9\"> </span>y <span class=\"__1 _c9\"> </span>no <span class=\"__1 _c9\"> </span>establece <span class=\"__1 _c9\"> </span>restricci\u00f3n <span class=\"__1 _c9\"> </span>espec\u00edfica <span class=\"__1 _c9\"> </span>alguna <span class=\"__1 _c9\"> </span>en <span class=\"__1 _c9\"> </span>cuanto <span class=\"__1 _c9\"> </span>a <span class=\"__1 _c9\"> </span>la<span class=\"__1 _1bc\"> </span>disponibilidad<span class=\"__1 _6\"></span> del mismo. 21.3<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Reservas<span class=\"__1 _1bc\"> </span></span></span>A <span class=\"__1 _c8\"></span>continuaci\u00f3n<span class=\"__1 _6\"></span>, <span class=\"__1 _c8\"> </span>se <span class=\"__1 _c8\"> </span>presenta <span class=\"__1 _c8\"> </span>el <span class=\"__1 _c8\"> </span>movimiento <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"></span>reservas <span class=\"__1 _c8\"> </span>desglosad<span class=\"__1 _6\"></span>o <span class=\"__1 _c8\"> </span>por <span class=\"__1 _c8\"> </span>categor\u00eda <span class=\"__1 _c8\"> </span>corres<span class=\"__1 _6\"></span>pondiente <span class=\"__1 _c8\"> </span>a <span class=\"__1 _c8\"> </span>los<span class=\"__1 _1bc\"> </span>ejercicios 2023 y 2022:<span class=\"__1 _1bc\"> </span>Reserva legal<span class=\"__1 _1bc\"> </span>De <span class=\"__1 _5\"></span>acuerdo con e<span class=\"__1 _5\"></span>l Te<span class=\"__1 _5\"></span>xto Ref<span class=\"__1 _5\"></span>und<span class=\"__1 _6\"></span>ido de <span class=\"__1 _70\"></span>la Ley <span class=\"__1 _5\"></span>de Sociedades <span class=\"__1 _70\"></span>de Capital, debe <span class=\"__1 _70\"></span>des<span class=\"__1 _6\"></span>tinarse a <span class=\"__1 _70\"></span>la reserva <span class=\"__1 _5\"></span>legal <span class=\"__1 _5\"></span>una<span class=\"__1 _1bc\"> </span>cifra <span class=\"__1 _8\"></span>igual <span class=\"__1 _8\"></span>al <span class=\"__1 _8\"></span>10% <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>benefi<span class=\"__1 _6\"></span>cio <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>ejercicio <span class=\"__1 _8\"></span>has<span class=\"__1 _6\"></span>ta <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>\u00e9sta <span class=\"__1 _8\"></span>alcance, <span class=\"__1 _8\"></span>al <span class=\"__1 _8\"></span>menos, <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>l <span class=\"__1 _8\"></span>20% <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>capital <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>ocial. <span class=\"__1 _8\"></span>La<span class=\"__1 _1bc\"> </span>reserva legal de la Sociedad<span class=\"__1 _6\"></span> Dominante por 45.049 <span class=\"__1 _6\"></span>miles \u20ac, da <span class=\"__1 _6\"></span>cobertura al 20% de su<span class=\"__1 _6\"></span> capital social.<span class=\"__1 _1bc\"> </span>La <span class=\"__1 _4\"></span>reserva <span class=\"__1 _8\"></span>legal <span class=\"__1 _4\"></span>podr\u00e1 <span class=\"__1 _8\"></span>utilizarse <span class=\"__1 _4\"></span>para <span class=\"__1 _8\"></span>aumentar <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>capital <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>parte <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>u <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>aldo <span class=\"__1 _8\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _8\"></span>exceda <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>10% <span class=\"__1 _4\"></span>del<span class=\"__1 _1bc\"> </span>capital <span class=\"__1 _6\"></span>ya <span class=\"__1 _8\"></span>aumentado. <span class=\"__1 _8\"></span>Salvo <span class=\"__1 _6\"></span>para <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>finalidad <span class=\"__1 _8\"></span>mencionada <span class=\"__1 _6\"></span>an<span class=\"__1 _6\"></span>teriormente, <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>mientras <span class=\"__1 _6\"></span>no<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>supere <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>20% <span class=\"__1 _6\"></span>del<span class=\"__1 _1bc\"> </span>capital <span class=\"__1 _6\"></span>so<span class=\"__1 _6\"></span>cial, <span class=\"__1 _6\"></span>esta <span class=\"__1 _8\"></span>reserva <span class=\"__1 _6\"></span>s\u00f3lo <span class=\"__1 _8\"></span>podr\u00e1 <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>estin<span class=\"__1 _6\"></span>arse <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>compensaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>\u00e9rdidas, <span class=\"__1 _6\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>siempre <span class=\"__1 _6\"></span>qu<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>no <span class=\"__1 _6\"></span>exista<span class=\"__1 _6\"></span>n<span class=\"__1 _1bc\"> </span>otras reservas<span class=\"__1 _6\"></span> disponibles suficientes para <span class=\"__1 _6\"></span>este fin.<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span> de Euros<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span>erva<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>Le<span class=\"__1 _70\"></span>ga<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span>erva<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>por<span class=\"__1 _1bc\"> </span>ca<span class=\"__1 _8\"></span>pi<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span>a<span class=\"__1 _6\"></span>morti<span class=\"__1 _6\"></span>za<span class=\"__1 _6\"></span>do<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span>erva<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span>ca<span class=\"__1 _8\"></span>pi<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>za<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>\u00f3<span class=\"__1 _6\"></span>n<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span>erva<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>vol<span class=\"__1 _8\"></span>untar<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span>ul<span class=\"__1 _8\"></span>tad<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>negati<span class=\"__1 _6\"></span>vos<span class=\"__1 _8\"></span> de<span class=\"__1 _1bc\"> </span>ejerc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>os<span class=\"__1 _1bc\"> </span>a<span class=\"__1 _6\"></span>nte<span class=\"__1 _5\"></span>ri<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span>es<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _5\"></span>ldos a<span class=\"__1 _70\"></span>l 3<span class=\"__1 _6\"></span>1 de<span class=\"__1 _6\"></span> diciembr<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span> de 2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>21 45<span class=\"__1 _6\"></span>.04<span class=\"__1 _6\"></span>9 <span class=\"__1 _49\"> </span> 1<span class=\"__1 _6\"></span>0.56<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span> <span class=\"__1 _49\"> </span> 19.7<span class=\"__1 _6\"></span>01<span class=\"__1 _6\"></span> <span class=\"__1 _d2\"> </span> 1<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>0.2<span class=\"__1 _6\"></span>80<span class=\"__1 _6\"></span> <span class=\"__1 _f\"> </span><span class=\"ls61\">- <span class=\"__1 _165\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _14d\"> </span> 53<span class=\"__1 _6\"></span>.64<span class=\"__1 _6\"></span>6 <span class=\"__1 _4d\"> </span>(79) <span class=\"__1 _166\"></span><span class=\"ls62\">               <span class=\"ls0_1\"> <span class=\"__1 _108\"> </span> 27<span class=\"__1 _6\"></span>9.1<span class=\"__1 _6\"></span>63<span class=\"__1 _1bc\"> </span></span></span></span></span></span>Di<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>tri<span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>uc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>\u00f3n<span class=\"__1 _6\"></span> del<span class=\"__1 _6\"></span> Resu<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>do d<span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>Ejerc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>o Ante<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>r<span class=\"__1 _ec\"> </span><span class=\"ls61\">- <span class=\"__1 _167\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _35\"> </span><span class=\"ls61\">- <span class=\"__1 _165\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _35\"> </span><span class=\"ls61\">- <span class=\"__1 _165\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _35\"> </span><span class=\"ls61\">- <span class=\"__1 _165\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _126\"> </span>(1<span class=\"__1 _6\"></span>81<span class=\"__1 _6\"></span>.37<span class=\"__1 _6\"></span>8) <span class=\"__1 _166\"></span><span class=\"ls62\">    <span class=\"ls0_1\"> <span class=\"__1 _3e\"> </span>(9.00<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>) <span class=\"__1 _166\"></span><span class=\"ls62\">         <span class=\"ls0_1\"> <span class=\"__1 _d\"> </span>(2<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>) <span class=\"__1 _166\"></span><span class=\"ls62\">               <span class=\"ls0_1\"> <span class=\"__1 _67\"> </span>(19<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.40<span class=\"__1 _6\"></span>9) <span class=\"__1 _166\"></span><span class=\"ls62\">    <span class=\"ls0_1\"> </span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span>Opera<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> c<span class=\"__1 _6\"></span>on Acc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>nes <span class=\"__1 _6\"></span>Pr<span class=\"__1 _6\"></span>opi<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _156\"> </span><span class=\"ls61\">- <span class=\"__1 _165\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _35\"> </span><span class=\"ls61\">- <span class=\"__1 _165\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _35\"> </span><span class=\"ls61\">- <span class=\"__1 _165\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _10c\"> </span> 1<span class=\"__1 _6\"></span>.03<span class=\"__1 _6\"></span>3 <span class=\"__1 _f\"> </span><span class=\"ls61\">- <span class=\"__1 _165\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _35\"> </span><span class=\"ls61\">- <span class=\"__1 _165\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _35\"> </span><span class=\"ls61\">- <span class=\"__1 _165\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _12\"> </span> 1.03<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span>Mi<span class=\"__1 _6\"></span>nor<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>tar<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span> y o<span class=\"__1 _6\"></span>tros<span class=\"__1 _6\"></span> movi<span class=\"__1 _8\"></span>mientos<span class=\"__1 _6\"></span> <span class=\"__1 _12d\"> </span><span class=\"ls61\">- <span class=\"__1 _165\"></span><span class=\"ls62\">                   <span class=\"__1 _6\"></span><span class=\"ls0_1\"> <span class=\"__1 _111\"> </span><span class=\"ls61\">- <span class=\"__1 _167\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _35\"> </span><span class=\"ls61\">- <span class=\"__1 _165\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _10c\"> </span> 4<span class=\"__1 _6\"></span>.22<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _f\"> </span><span class=\"ls61\">- <span class=\"__1 _165\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _6e\"> </span>(89)<span class=\"__1 _6\"></span> <span class=\"__1 _166\"></span><span class=\"ls62\">               <span class=\"ls0_1\"> <span class=\"__1 _d\"> </span><span class=\"ls61\">- <span class=\"__1 _165\"></span><span class=\"ls62\">                   <span class=\"__1 _6\"></span><span class=\"ls0_1\"> <span class=\"__1 _10c\"> </span> 4<span class=\"__1 _6\"></span>.13<span class=\"__1 _6\"></span>1<span class=\"__1 _1bc\"> </span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span>Sa<span class=\"__1 _5\"></span>ldos a<span class=\"__1 _70\"></span>l 3<span class=\"__1 _6\"></span>1 de<span class=\"__1 _6\"></span> diciembr<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span> de 2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>22 45<span class=\"__1 _6\"></span>.049<span class=\"__1 _6\"></span> <span class=\"__1 _49\"> </span> 10<span class=\"__1 _6\"></span>.566<span class=\"__1 _6\"></span> <span class=\"__1 _49\"> </span> 19<span class=\"__1 _6\"></span>.701<span class=\"__1 _6\"></span> <span class=\"__1 _d2\"> </span> <span class=\"__1 _6\"></span>15<span class=\"__1 _6\"></span>5.53<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span> <span class=\"__1 _15d\"> </span>(1<span class=\"__1 _6\"></span>81<span class=\"__1 _6\"></span>.378<span class=\"__1 _6\"></span>) <span class=\"__1 _166\"></span><span class=\"ls62\">    <span class=\"ls0_1\"> <span class=\"__1 _168\"> </span> 44<span class=\"__1 _6\"></span>.553<span class=\"__1 _6\"></span> <span class=\"__1 _59\"> </span>(1<span class=\"__1 _6\"></span>06<span class=\"__1 _6\"></span>) <span class=\"__1 _166\"></span><span class=\"ls62\">            <span class=\"ls0_1\"> <span class=\"__1 _1f\"> </span> 9<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.918<span class=\"__1 _1bc\"> </span></span></span></span></span>Di<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>tri<span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>uc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>\u00f3n<span class=\"__1 _6\"></span> del<span class=\"__1 _6\"></span> Resu<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>do d<span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>Ejerc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>o Ante<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>r<span class=\"__1 _ec\"> </span><span class=\"ls61\">- <span class=\"__1 _167\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _35\"> </span><span class=\"ls61\">- <span class=\"__1 _165\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _35\"> </span><span class=\"ls61\">- <span class=\"__1 _165\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _35\"> </span><span class=\"ls61\">- <span class=\"__1 _165\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _f9\"> </span> <span class=\"__1 _6\"></span>21<span class=\"__1 _6\"></span>.49<span class=\"__1 _6\"></span>4 <span class=\"__1 _49\"> </span> 18<span class=\"__1 _6\"></span>.56<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span> <span class=\"__1 _f\"> </span><span class=\"ls61\">- <span class=\"__1 _165\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _f9\"> </span> 4<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.058<span class=\"__1 _1bc\"> </span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span>Opera<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> c<span class=\"__1 _6\"></span>on Acc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>nes <span class=\"__1 _6\"></span>Pr<span class=\"__1 _6\"></span>opi<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _156\"> </span><span class=\"ls61\">- <span class=\"__1 _165\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _35\"> </span><span class=\"ls61\">- <span class=\"__1 _165\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _35\"> </span><span class=\"ls61\">- <span class=\"__1 _165\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _18\"> </span> 22<span class=\"__1 _6\"></span>0 <span class=\"__1 _f\"> </span><span class=\"ls61\">- <span class=\"__1 _165\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _35\"> </span><span class=\"ls61\">- <span class=\"__1 _165\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _35\"> </span><span class=\"ls61\">- <span class=\"__1 _165\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _18\"> </span> 22<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span>Ca<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>el<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>\u00f3<span class=\"__1 _6\"></span>n bon<span class=\"__1 _6\"></span>o c<span class=\"__1 _6\"></span>onverti<span class=\"__1 _6\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _131\"> </span><span class=\"ls61\">- <span class=\"__1 _167\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _35\"> </span><span class=\"ls61\">- <span class=\"__1 _165\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _35\"> </span><span class=\"ls61\">- <span class=\"__1 _165\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _10c\"> </span> 3<span class=\"__1 _6\"></span>.14<span class=\"__1 _6\"></span>7 <span class=\"__1 _f\"> </span><span class=\"ls61\">- <span class=\"__1 _165\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _35\"> </span><span class=\"ls61\">- <span class=\"__1 _165\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _35\"> </span><span class=\"ls61\">- <span class=\"__1 _165\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _12\"> </span> 3.14<span class=\"__1 _6\"></span>7<span class=\"__1 _1bc\"> </span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span>Mi<span class=\"__1 _6\"></span>nor<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>tar<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span> y o<span class=\"__1 _6\"></span>tros<span class=\"__1 _6\"></span> movi<span class=\"__1 _8\"></span>mientos<span class=\"__1 _2d\"> </span><span class=\"ls61\">- <span class=\"__1 _165\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _35\"> </span><span class=\"ls61\">- <span class=\"__1 _165\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _134\"> </span>(1<span class=\"__1 _6\"></span>8.9<span class=\"__1 _6\"></span>28<span class=\"__1 _6\"></span>) <span class=\"__1 _166\"></span><span class=\"ls62\">       <span class=\"ls0_1\"> <span class=\"__1 _129\"> </span>(1<span class=\"__1 _6\"></span>39<span class=\"__1 _6\"></span>.78<span class=\"__1 _6\"></span>2)<span class=\"__1 _6\"></span> <span class=\"__1 _166\"></span><span class=\"ls62\">    <span class=\"ls0_1\"> <span class=\"__1 _ed\"> </span> 1<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>9.8<span class=\"__1 _6\"></span>84<span class=\"__1 _6\"></span> <span class=\"__1 _83\"> </span>(1<span class=\"__1 _6\"></span>.268<span class=\"__1 _6\"></span>) <span class=\"__1 _166\"></span><span class=\"ls62\">         <span class=\"ls0_1\"> <span class=\"__1 _91\"> </span><span class=\"ls61\">- <span class=\"__1 _165\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _6e\"> </span>(94<span class=\"__1 _6\"></span>) <span class=\"__1 _166\"></span><span class=\"ls62\">               <span class=\"ls0_1\"> </span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span>Sa<span class=\"__1 _5\"></span>ldos a<span class=\"__1 _70\"></span>l 3<span class=\"__1 _6\"></span>1 de<span class=\"__1 _6\"></span> diciembr<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span> de 2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>23 45<span class=\"__1 _6\"></span>.049<span class=\"__1 _6\"></span> <span class=\"__1 _49\"> </span> 10<span class=\"__1 _6\"></span>.566<span class=\"__1 _6\"></span> <span class=\"__1 _a2\"> </span> <span class=\"__1 _6\"></span>77<span class=\"__1 _6\"></span>3 <span class=\"__1 _49\"> </span> 1<span class=\"__1 _6\"></span>9.11<span class=\"__1 _6\"></span>8 <span class=\"__1 _f\"> </span><span class=\"ls61\">- <span class=\"__1 _165\"></span><span class=\"ls62\">                   <span class=\"ls0_1\"> <span class=\"__1 _14d\"> </span> 6<span class=\"__1 _6\"></span>1.84<span class=\"__1 _6\"></span>9 <span class=\"__1 _59\"> </span>(1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>6) <span class=\"__1 _166\"></span><span class=\"ls62\">            <span class=\"ls0_1\"> <span class=\"__1 _8b\"> </span> 13<span class=\"__1 _6\"></span>7.24<span class=\"__1 _6\"></span>9<span class=\"__1 _1bc\"> </span></span></span></span></span></span>Re<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span>erva<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> de l<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span> Soc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>edad<span class=\"__1 _6\"></span> Domi<span class=\"__1 _6\"></span>na<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>te<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span>erva<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>co<span class=\"__1 _6\"></span>ns<span class=\"__1 _6\"></span>ol<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>da<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>\u00f3n<span class=\"__1 _1bc\"> </span>gl<span class=\"__1 _6\"></span>oba<span class=\"__1 _8\"></span>l<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span>erva<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>m\u00e9<span class=\"__1 _70\"></span>todo d<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span>pa<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>\u00f3n<span class=\"__1 _1bc\"> </span>Total<span class=\"__1 _5\"></span> re<span class=\"__1 _6\"></span>ser<span class=\"__1 _6\"></span>vas<span class=\"__1 _1bc\"> </span>21.4<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Reservas en sociedades <span class=\"__1 _5\"></span>consolidadas po<span class=\"__1 _5\"></span>r integraci\u00f3n<span class=\"__1 _5\"></span> global </span></span>El importe de las reservas<span class=\"__1 _6\"></span> en sociedades cons<span class=\"__1 _6\"></span>olidadas de uso restrin<span class=\"__1 _6\"></span>gido al 31 de <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>iciembre de 2023 y 2022 asciende a 21.143 miles \u20ac, y se corresponde, p<span class=\"__1 _6\"></span>rincipalmente, con la reserva legal de las distintas s<span class=\"__1 _6\"></span>ociedades del Grupo. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfReservesAndOtherEquityInterestExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-572": {
   "value": "21.5 Acciones de la Sociedad Dominante El  movimiento  del  ep\u00edgrafe  \u201cAcciones  propias\u201d  del Estado  de  Situaci\u00f3n  Financiera  Consolidado  adjunto durante los ejercicios 2023 y 2022 ha sido el siguiente: Las acciones de la Sociedad Dominante en su poder al 31 de diciembre de 2023 representan el 1,57% del capital social (1,56% al 31 de diciembre de 2022) y un valor nominal global de 3.484 miles \u20ac (3.458 miles \u20ac al 31 de diciembre de 2022). El precio medio de adquisici\u00f3n de dichas acciones es de 3,35 euros por acci\u00f3n. Las acciones de la Sociedad Dominante en su poder tienen por objeto su negociaci\u00f3n en el mercado, as\u00ed como dar respuesta a los \u201cPlan de Retribuci\u00f3n a Largo Plazo\u201d suscritos por ENCE (v\u00e9ase Nota 11.2).  ENCE mantiene un contrato  de  liquidez  con  un  intermediario financiero con el objetivo de favorecer la liquidez y regularidad en la cotizaci\u00f3n de las acciones de ENCE, dentro de los l\u00edmites establecidos por la Junta General de Accionistas y por la normativa vigente, en particular, la Circular 2/2019, de 27 de noviembre, de la Comisi\u00f3n Nacional del Mercado de Valores, sobre contratos de liquidez. N\u00famero de acciones Miles de euros N\u00famero de acciones Miles de euros Al inicio del ejercicio 3.843.111  12.958  3.923.750  12.296 Compras 15.866.484  50.498  15.240.479  47.629 ILP 2019-2025 (Nota 11.2) - - (73.853) (241) Ventas (15.838.484) (50.476) (15.247.265) (46.726) Al cierre del ejercicio 3.871.111 12.980 3.843.111 12.958 31/12/2023 31/12/2022 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTreasurySharesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-31": {
   "value": "21.8<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Intereses minoritarios<span class=\"__1 _1bc\"> </span></span></span>El movimiento de e<span class=\"__1 _5\"></span>ste ep\u00edgrafe del Estado de Situaci\u00f3n Fina<span class=\"__1 _5\"></span>nciera Consolidado en los ejercicios <span class=\"__1 _5\"></span>2<span class=\"__1 _6\"></span>023 y 2022<span class=\"__1 _1bc\"> </span>es el siguiente:<span class=\"__1 _1bc\"> </span>Durante <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>ejer<span class=\"__1 _6\"></span>cicio <span class=\"__1 _6\"></span>2022 <span class=\"__1 _8\"></span>se <span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>onstituy<span class=\"__1 _6\"></span>\u00f3 <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>Sociedad<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>BioCH4 <span class=\"__1 _8\"></span>Developments, <span class=\"__1 _8\"></span>S.L. <span class=\"__1 _6\"></span>participad<span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>un <span class=\"__1 _6\"></span>60% <span class=\"__1 _6\"></span>por<span class=\"__1 _1bc\"> </span>Ence Biog\u00e1s, S.L., filial de la So<span class=\"__1 _6\"></span>ciedad Dominan<span class=\"__1 _6\"></span>te.<span class=\"__1 _1bc\"> </span>La <span class=\"__1 _8\"></span>columna <span class=\"__1 _4\"></span>\u201cOtros <span class=\"__1 _8\"></span>movimien<span class=\"__1 _6\"></span>tos\u201d <span class=\"__1 _4\"></span>re<span class=\"__1 _5\"></span>coge<span class=\"ff4 ls11\">, <span class=\"__1 _4\"></span><span class=\"ls0_1\">principalmente, <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>impacto <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>los <span class=\"__1 _8\"></span>intereses <span class=\"__1 _4\"></span>minoritarios <span class=\"__1 _8\"></span>de<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>los<span class=\"__1 _1bc\"> </span></span></span>\u201cAjustes en p<span class=\"__1 _6\"></span>atrimonio por valoraci\u00f3n\u201d<span class=\"__1 _6\"></span> (v\u00e9ase Nota 21.6). A\u00f1o 2<span class=\"__1 _6\"></span>02<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>Soc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>eda<span class=\"__1 _6\"></span>d<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>o a<span class=\"__1 _8\"></span>l<span class=\"__1 _1bc\"> </span>01<span class=\"__1 _6\"></span>/0<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>ul<span class=\"__1 _4\"></span>t<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span>do<span class=\"__1 _1bc\"> </span>a<span class=\"__1 _6\"></span>tri<span class=\"__1 _4\"></span>bui<span class=\"__1 _8\"></span>do a<span class=\"__1 _1bc\"> </span>m<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>nor<span class=\"__1 _6\"></span>i<span class=\"__1 _4\"></span>t<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>os<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>to<span class=\"__1 _1bc\"> </span>di<span class=\"__1 _8\"></span>vi<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>ndos<span class=\"__1 _1bc\"> </span>Otr<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>m<span class=\"__1 _5\"></span>ovi<span class=\"__1 _8\"></span>mi<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>tos<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>o a<span class=\"__1 _8\"></span>l<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>Ene<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>g\u00eda<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> l<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span> L<span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span>ma, S.A<span class=\"__1 _70\"></span>.<span class=\"__1 _d8\"> </span><span class=\"ls69\">            5<span class=\"__1 _6\"></span>.56<span class=\"__1 _6\"></span>8 <span class=\"__1 _150\"> </span>              (25<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>           (1.95<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>)<span class=\"__1 _b7\"> </span>                   -   <span class=\"__1 _8\"></span>             3<span class=\"__1 _6\"></span>.35<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span></span>Ene<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>g\u00eda<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>Ma<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>h<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>E<span class=\"__1 _5\"></span>nem<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span>n, S.<span class=\"__1 _5\"></span>A<span class=\"__1 _70\"></span>.<span class=\"__1 _127\"> </span><span class=\"ls69\">            5<span class=\"__1 _6\"></span>.49<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>           (2.79<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>           (2.09<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>)<span class=\"__1 _b7\"> </span>                   -   <span class=\"__1 _70\"></span>                 6<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span></span>Bi<span class=\"__1 _8\"></span>oe<span class=\"__1 _5\"></span>nerg\u00eda<span class=\"__1 _6\"></span> Sa<span class=\"__1 _8\"></span>nta<span class=\"__1 _6\"></span>ma<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>\u00eda<span class=\"__1 _6\"></span>, S.A<span class=\"__1 _70\"></span>.<span class=\"__1 _3f\"> </span><span class=\"ls69\">           (2<span class=\"__1 _6\"></span>.72<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>)<span class=\"__1 _2a\"> </span>            6<span class=\"__1 _6\"></span>.61<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _5c\"> </span>                   -   <span class=\"__1 _d1\"> </span>                   -   <span class=\"__1 _8\"></span>             3<span class=\"__1 _6\"></span>.889<span class=\"__1 _1bc\"> </span></span>MA<span class=\"__1 _70\"></span>GN<span class=\"__1 _5\"></span>ON<span class=\"__1 _1e\"> </span><span class=\"ls69\">        1<span class=\"__1 _6\"></span>08<span class=\"__1 _6\"></span>.50<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                24<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _5c\"> </span>                   -   <span class=\"__1 _c3\"></span>           (1.30<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>)<span class=\"__1 _c1\"> </span>         1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.441<span class=\"__1 _1bc\"> </span></span>Bi<span class=\"__1 _8\"></span>oCH4 Deve<span class=\"__1 _70\"></span>l<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>pme<span class=\"__1 _70\"></span>nts<span class=\"__1 _6\"></span>, S.L<span class=\"__1 _70\"></span>.<span class=\"__1 _88\"> </span><span class=\"ls69\">                4<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>0 <span class=\"__1 _150\"> </span>              (15<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>)<span class=\"__1 _b7\"> </span>                   -   <span class=\"__1 _d1\"> </span>                   -   <span class=\"__1 _70\"></span>                 2<span class=\"__1 _6\"></span>47<span class=\"__1 _1bc\"> </span></span>T<span class=\"__1 _5\"></span>ot<span class=\"__1 _6\"></span>a<span class=\"__1 _5\"></span>l<span class=\"__1 _172\"> </span>11<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.23<span class=\"__1 _6\"></span>6<span class=\"__1 _aa\"> </span><span class=\"ls69\">            3.650<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>           (4<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>05<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>           (1.<span class=\"__1 _5\"></span>30<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>)<span class=\"__1 _7e\"> </span><span class=\"ls0_1\">1<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.52<span class=\"__1 _6\"></span>7<span class=\"__1 _1bc\"> </span></span></span>Mi<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> Euros<span class=\"__1 _1bc\"> </span>A\u00f1o 2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>22<span class=\"__1 _1bc\"> </span>Soc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>eda<span class=\"__1 _6\"></span>d<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _4\"></span>do a<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span>01<span class=\"__1 _6\"></span>/0<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>u<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>ta<span class=\"__1 _6\"></span>do<span class=\"__1 _1bc\"> </span>a<span class=\"__1 _6\"></span>tr<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>bui<span class=\"__1 _4\"></span>do a<span class=\"__1 _1bc\"> </span>m<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>nor<span class=\"__1 _6\"></span>i<span class=\"__1 _4\"></span>t<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>os<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>to<span class=\"__1 _1bc\"> </span>di<span class=\"__1 _8\"></span>vi<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>ndo<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>Otr<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>m<span class=\"__1 _5\"></span>ovi<span class=\"__1 _8\"></span>mi<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>tos<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _4\"></span>do a<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>E<span class=\"__1 _5\"></span>nerg\u00eda<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> l<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span> L<span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span>ma, S.A<span class=\"__1 _70\"></span>.<span class=\"__1 _8a\"> </span><span class=\"ls6a\">            4<span class=\"__1 _6\"></span>.81<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                96<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>                (2<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>)<span class=\"__1 _bd\"> </span>                   -   <span class=\"__1 _8\"></span>             5<span class=\"__1 _6\"></span>.56<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span></span>E<span class=\"__1 _5\"></span>nerg\u00eda<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span> Ma<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>h<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>E<span class=\"__1 _5\"></span>nem<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span>n, S.<span class=\"__1 _5\"></span>A<span class=\"__1 _70\"></span>.<span class=\"__1 _15d\"> </span><span class=\"ls6a\">            5<span class=\"__1 _6\"></span>.535<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                5<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>                (5<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>3)<span class=\"__1 _e9\"> </span>                   -   <span class=\"__1 _8\"></span>             5<span class=\"__1 _6\"></span>.490<span class=\"__1 _1bc\"> </span></span>Bi<span class=\"__1 _8\"></span>oe<span class=\"__1 _5\"></span>nerg\u00eda<span class=\"__1 _6\"></span> Sa<span class=\"__1 _8\"></span>nta<span class=\"__1 _6\"></span>ma<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>\u00eda<span class=\"__1 _8\"></span>, S.<span class=\"__1 _70\"></span>A.<span class=\"__1 _6f\"> </span><span class=\"ls6a\">                439<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>           (2<span class=\"__1 _6\"></span>.97<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>              (1<span class=\"__1 _6\"></span>98<span class=\"__1 _6\"></span>)<span class=\"__1 _bd\"> </span>                   -   <span class=\"__1 _c3\"></span>            (2.72<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>MA<span class=\"__1 _70\"></span>GN<span class=\"__1 _70\"></span>O<span class=\"__1 _6\"></span>N<span class=\"__1 _173\"> </span><span class=\"ls6a\">        10<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.06<span class=\"__1 _6\"></span>6 <span class=\"__1 _c1\"> </span>            3.18<span class=\"__1 _6\"></span>7 <span class=\"__1 _c5\"> </span>                   -   <span class=\"__1 _8\"></span>            3<span class=\"__1 _6\"></span>.254<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>         1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.507<span class=\"__1 _1bc\"> </span></span>Bi<span class=\"__1 _8\"></span>oCH4 <span class=\"__1 _6\"></span>De<span class=\"__1 _70\"></span>v<span class=\"__1 _6\"></span>e<span class=\"__1 _70\"></span>l<span class=\"__1 _4\"></span>opm<span class=\"__1 _5\"></span>e<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>ts<span class=\"__1 _6\"></span>, S.L<span class=\"__1 _70\"></span>.<span class=\"__1 _94\"> </span><span class=\"ls6a\">                   -   <span class=\"__1 _cc\"> </span>                   -   <span class=\"__1 _c1\"> </span>                   -   <span class=\"__1 _bf\"></span>                4<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                 40<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span></span>T<span class=\"__1 _5\"></span>ot<span class=\"__1 _6\"></span>a<span class=\"__1 _5\"></span>l<span class=\"__1 _16a\"> </span>11<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.85<span class=\"__1 _6\"></span>8<span class=\"__1 _99\"> </span>1<span class=\"__1 _6\"></span>.70<span class=\"__1 _6\"></span>6<span class=\"__1 _cc\"> </span><span class=\"ls6a\">              (98<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>)<span class=\"__1 _6e\"> </span></span>3<span class=\"__1 _6\"></span>.65<span class=\"__1 _6\"></span>4<span class=\"__1 _7c\"> </span>1<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>23<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span> de<span class=\"__1 _5\"></span> Euros",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNoncontrollingInterestsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-533": {
   "value": "22.1<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Retri<span class=\"__1 _6\"></span>buci\u00f3n al a<span class=\"__1 _70\"></span>c<span class=\"__1 _6\"></span>cionista<span class=\"__1 _1bc\"> </span></span></span>El <span class=\"__1 _70\"></span>28 <span class=\"__1 _5\"></span>de <span class=\"__1 _5\"></span>febrero <span class=\"__1 _70\"></span>de 2022, <span class=\"__1 _70\"></span>el <span class=\"__1 _70\"></span>Co<span class=\"__1 _6\"></span>nsejo <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>Administraci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>ENCE aprob\u00f3 <span class=\"__1 _70\"></span>una <span class=\"__1 _5\"></span>nueva <span class=\"__1 _5\"></span>Pol\u00edtica <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>Remuneraci\u00f3n<span class=\"__1 _1bc\"> </span>al Accionista aplicable a partir <span class=\"__1 _5\"></span>de ese ejercicio con <span class=\"__1 _5\"></span>la finalidad de establecer, dentro del <span class=\"__1 _5\"></span>marco de la Ley, <span class=\"__1 _5\"></span>los<span class=\"__1 _1bc\"> </span>Estatutos <span class=\"__1 _8\"></span>Sociales <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>las <span class=\"__1 _6\"></span>recomendacion<span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>uen <span class=\"__1 _6\"></span>go<span class=\"__1 _6\"></span>bierno<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>corpo<span class=\"__1 _6\"></span>rativo, <span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>nos <span class=\"__1 _6\"></span>criterios<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>retribuci\u00f3n <span class=\"__1 _8\"></span>que<span class=\"__1 _1bc\"> </span>permitan <span class=\"__1 _8\"></span>ligar <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>resu<span class=\"__1 _6\"></span>ltado <span class=\"__1 _8\"></span>econ\u00f3mico <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>la<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>Sociedad <span class=\"__1 _8\"></span>con <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>remuneraci\u00f3n <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>percibir <span class=\"__1 _8\"></span>por <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>accionistas <span class=\"__1 _8\"></span>y<span class=\"__1 _1bc\"> </span>que respondan<span class=\"__1 _6\"></span> a principios de sostenib<span class=\"__1 _6\"></span>ilidad, rentabilidad y prud<span class=\"__1 _6\"></span>encia financiera.<span class=\"__1 _1bc\"> </span>A tal <span class=\"__1 _70\"></span>fin, se estima <span class=\"__1 _70\"></span>q<span class=\"__1 _6\"></span>ue los <span class=\"__1 _70\"></span>criterios que deben <span class=\"__1 _70\"></span>de marcar, como <span class=\"__1 _70\"></span>directric<span class=\"__1 _6\"></span>es principales, la <span class=\"__1 _70\"></span>Pol\u00edtica, deben <span class=\"__1 _5\"></span>ser<span class=\"__1 _1bc\"> </span>la <span class=\"__1 _4\"></span>generaci\u00f3n <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>caja <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>ENC<span class=\"__1 _6\"></span>E <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>sus <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>ociedades <span class=\"__1 _4\"></span>dependientes, <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>mantener <span class=\"__1 _4\"></span>u<span class=\"__1 _6\"></span>n <span class=\"__1 _4\"></span>nivel <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>endeudami<span class=\"__1 _6\"></span>ento<span class=\"__1 _1bc\"> </span>prudente <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>ara <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>tipo <span class=\"__1 _8\"></span>de actividad <span class=\"__1 _8\"></span>que <span class=\"__1 _6\"></span>desarrolla <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>Grup<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>cumplimiento <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>su<span class=\"__1 _6\"></span>s <span class=\"__1 _6\"></span>obligaciones <span class=\"__1 _6\"></span>legales <span class=\"__1 _8\"></span>y<span class=\"__1 _1bc\"> </span>contractuales.<span class=\"__1 _1bc\"> </span>En <span class=\"__1 _6\"></span>este <span class=\"__1 _6\"></span>sentido, <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>remuneraci\u00f3n <span class=\"__1 _6\"></span>an<span class=\"__1 _6\"></span>ual <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>accionista <span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>endr\u00e1 determinada <span class=\"__1 _8\"></span>por <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>caja <span class=\"__1 _6\"></span>disponib<span class=\"__1 _6\"></span>le a <span class=\"__1 _6\"></span>dis<span class=\"__1 _6\"></span>tribuir<span class=\"__1 _1bc\"> </span>asegurando <span class=\"__1 _8\"></span>un <span class=\"__1 _6\"></span>nivel <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>endeud<span class=\"__1 _6\"></span>amiento <span class=\"__1 _6\"></span>financiero <span class=\"__1 _6\"></span>ad<span class=\"__1 _6\"></span>ecuado <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e, <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>referencia, <span class=\"__1 _6\"></span>2,5 <span class=\"__1 _8\"></span>v<span class=\"__1 _6\"></span>eces <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>negocio<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _c6\"> </span>Celulosa <span class=\"__1 _c6\"> </span>y <span class=\"__1 _c6\"> </span>5 <span class=\"__1 _c6\"> </span>v<span class=\"__1 _6\"></span>eces <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c6\"> </span>el  negocio <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c6\"> </span>En<span class=\"__1 _6\"></span>erg\u00eda, <span class=\"__1 _c6\"> </span>el <span class=\"__1 _c6\"> </span>result<span class=\"__1 _6\"></span>ado <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>las <span class=\"__1 _c6\"> </span>operacion<span class=\"__1 _6\"></span>es <span class=\"__1 _c6\"> </span>antes <span class=\"__1 _ca\"> </span>de <span class=\"__1 _c6\"> </span>financieros,<span class=\"__1 _1bc\"> </span>amortizaciones <span class=\"__1 _cb\"> </span>e <span class=\"__1 _cb\"> </span>i<span class=\"__1 _6\"></span>mpuestos <span class=\"__1 _cb\"> </span>(E<span class=\"__1 _6\"></span>BITDA), <span class=\"__1 _cb\"> </span>utilizand<span class=\"__1 _6\"></span>o <span class=\"__1 _cb\"> </span>precios <span class=\"__1 _cb\"> </span>medios <span class=\"__1 _cb\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _cb\"> </span>ciclo, <span class=\"__1 _cb\"> </span>y <span class=\"__1 _c9\"> </span>teniendo <span class=\"__1 _cb\"> </span>en <span class=\"__1 _cb\"> </span>cuenta<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>los<span class=\"__1 _1bc\"> </span>compromisos y p<span class=\"__1 _6\"></span>lanes de inversi\u00f3n.<span class=\"__1 _1bc\"> </span>Co<span class=\"ls0_1\">n <span class=\"__1 _8\"></span>el <span class=\"__1 _4\"></span>objetivo <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>ajustar <span class=\"__1 _4\"></span>la<span class=\"__1 _5\"></span> <span class=\"__1 _8\"></span>remuneraci\u00f3n <span class=\"__1 _8\"></span>a <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>efectiva <span class=\"__1 _8\"></span>generaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>caja <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>Sociedad, <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>prop<span class=\"__1 _8\"></span>uso <span class=\"__1 _4\"></span>el<span class=\"__1 _1bc\"> </span></span>siguiente <span class=\"__1 _c6\"> </span>calendar<span class=\"__1 _6\"></span>io <span class=\"__1 _c6\"> </span>para  el <span class=\"__1 _c8\"></span>abono  de <span class=\"__1 _c8\"> </span>dividendos<span class=\"__1 _6\"></span>: <span class=\"__1 _c6\"> </span>(i) <span class=\"__1 _c6\"> </span>dos <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>ividendos <span class=\"__1 _c6\"> </span>a  cuenta <span class=\"__1 _c8\"> </span>acord<span class=\"__1 _6\"></span>ados <span class=\"__1 _c6\"> </span>al <span class=\"__1 _ca\"> </span>cierre <span class=\"__1 _c6\"> </span>del<span class=\"__1 _1bc\"> </span>segundo <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>tercer <span class=\"__1 _4\"></span>trimestre <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>cada <span class=\"__1 _4\"></span>ejercicio, <span class=\"__1 _4\"></span>esto<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>s <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>me<span class=\"__1 _5\"></span>ses <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>julio <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>ctubre; <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>(ii) <span class=\"__1 _8\"></span>un <span class=\"__1 _4\"></span>dividendo<span class=\"__1 _1bc\"> </span>complementario <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>ropondr\u00e1 <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>Junta <span class=\"__1 _8\"></span>General <span class=\"__1 _8\"></span>Ordinar<span class=\"__1 _6\"></span>ia <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>Accionistas <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>Sociedad<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>fecha<span class=\"__1 _1bc\"> </span>que se convoq<span class=\"__1 _6\"></span>ue dentro del primer semestre de cada <span class=\"__1 _6\"></span>ejercicio.<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _4\"></span>Consejo <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>Administraci\u00f3n <span class=\"__1 _4\"></span>podr\u00e1 <span class=\"__1 _4\"></span>proponer <span class=\"__1 _4\"></span>aquellas <span class=\"__1 _4\"></span>modalidades <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>remuneraci\u00f3n <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>accionista <span class=\"__1 _4\"></span>que<span class=\"__1 _1bc\"> </span>resulten <span class=\"__1 _c9\"> </span>m\u00e1s <span class=\"__1 _c9\"> </span>acordes <span class=\"__1 _c9\"> </span>en <span class=\"__1 _c9\"> </span>cada <span class=\"__1 _c9\"> </span>momento, <span class=\"__1 _c9\"> </span>incluyend<span class=\"__1 _6\"></span>o <span class=\"__1 _c9\"> </span>programas <span class=\"__1 _c9\"> </span>de <span class=\"__1 _c9\"> </span>recompra <span class=\"__1 _c9\"> </span>de <span class=\"__1 _c9\"> </span>acciones <span class=\"__1 _c9\"> </span>para <span class=\"__1 _c9\"> </span>su<span class=\"__1 _1bc\"> </span>amortizaci\u00f3n, sis<span class=\"__1 _6\"></span>tema de retribuci\u00f3n flexible, as<span class=\"__1 _6\"></span>\u00ed como distribu<span class=\"__1 _6\"></span>ciones en especie<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span>22.2<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Dividendos pagados<span class=\"__1 _1bc\"> </span></span></span>El Cons<span class=\"__1 _6\"></span>ejo de <span class=\"__1 _6\"></span>Administraci\u00f3n<span class=\"__1 _6\"></span> de <span class=\"__1 _6\"></span>la Soci<span class=\"__1 _6\"></span>edad Domina<span class=\"__1 _6\"></span>nte a<span class=\"__1 _6\"></span>cord\u00f3 <span class=\"__1 _6\"></span>durante <span class=\"__1 _6\"></span>el a\u00f1o<span class=\"__1 _6\"></span> 2022 <span class=\"__1 _6\"></span>el p<span class=\"__1 _6\"></span>ago en <span class=\"__1 _6\"></span>efectivo <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span>tres <span class=\"__1 _c6\"> </span>dividendos<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>a <span class=\"__1 _c6\"> </span>cuenta <span class=\"__1 _c6\"> </span>del <span class=\"__1 _c6\"> </span>resultad<span class=\"__1 _6\"></span>o <span class=\"__1 _c6\"> </span>del <span class=\"__1 _c6\"> </span>ejercicio <span class=\"__1 _c6\"> </span>2022<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>por <span class=\"__1 _c6\"> </span>un <span class=\"__1 _c6\"> </span>importe <span class=\"__1 _c6\"> </span>agregado <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>e  <span>0,274</span> <span class=\"__1 _c6\"> </span><span class=\"ff6\">\u20ac/acci\u00f3n</span><span class=\"ls59\">,<span class=\"__1 _1bc\"> </span></span>equivalente a 66,6 millon<span class=\"__1 _6\"></span>es \u20ac<span class=\"ff4\">.<span class=\"__1 _1bc\"> </span></span>En <span class=\"__1 _6\"></span>febrero <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>2023 <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>Consejo <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>Administraci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>Soc<span class=\"__1 _6\"></span>iedad <span class=\"__1 _6\"></span>Domina<span class=\"__1 _6\"></span>nte <span class=\"__1 _6\"></span>acord\u00f3<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>pago <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>efectivo <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span>un <span class=\"__1 _c8\"> </span>cuarto <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>ividendo <span class=\"__1 _c8\"></span>a <span class=\"__1 _c8\"></span>cuenta <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _c8\"></span>resultado <span class=\"__1 _c8\"> </span>del <span class=\"__1 _c8\"> </span>ejercicio <span class=\"__1 _c8\"> </span>2022 <span class=\"__1 _c8\"> </span>por <span class=\"__1 _c8\"> </span>un<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>importe <span class=\"__1 _c6\"> </span><span>0,29</span> <span class=\"__1 _c8\"> </span><span class=\"ff6\">\u20ac/acci\u00f3n</span>, <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c8\"> </span>Jun<span class=\"__1 _6\"></span>ta<span class=\"__1 _1bc\"> </span>General Ordinaria <span class=\"__1 _6\"></span>de Ac<span class=\"__1 _6\"></span>cionistas <span class=\"__1 _6\"></span>de la <span class=\"__1 _6\"></span>Sociedad <span class=\"__1 _6\"></span>Dominante <span class=\"__1 _8\"></span>de fecha 5 <span class=\"__1 _6\"></span>de may<span class=\"__1 _6\"></span>o de <span class=\"__1 _6\"></span>2023 ap<span class=\"__1 _6\"></span>rob\u00f3 el <span class=\"__1 _6\"></span>pago <span class=\"__1 _6\"></span>en<span class=\"__1 _1bc\"> </span>efectivo <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>u<span class=\"__1 _6\"></span>n <span class=\"__1 _c8\"></span>dividendo <span class=\"__1 _c8\"></span>complementario <span class=\"__1 _4\"></span>por <span class=\"__1 _c8\"> </span>importe <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"></span><span>0,29</span> <span class=\"__1 _c8\"></span>euros <span class=\"__1 _c8\"></span>brutos <span class=\"__1 _c8\"></span>por<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>acci\u00f3n <span class=\"__1 _c8\"> </span>con <span class=\"__1 _c8\"> </span>cargo <span class=\"__1 _c8\"> </span><span class=\"ls21\">a <span class=\"__1 _c8\"> </span></span>los<span class=\"__1 _1bc\"> </span>resultados <span class=\"__1 _c8\"> </span>del <span class=\"__1 _c8\"></span>ejercicio <span class=\"__1 _c8\"></span><span class=\"ls12\">2022<span class=\"ls6c\">. <span class=\"__1 _4\"></span></span></span>Ambos <span class=\"__1 _c8\"> </span>acuerdos<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>resultan <span class=\"__1 _4\"></span>en <span class=\"__1 _c8\"> </span>el <span class=\"__1 _c8\"></span>pago <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"></span>dividendos <span class=\"__1 _c8\"></span>por <span class=\"__1 _4\"></span>importe <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>140,6<span class=\"__1 _1bc\"> </span>millones \u20ac en el ejercicio 202<span class=\"__1 _6\"></span>3.<span class=\"__1 _1bc\"> </span>La <span class=\"__1 _8\"></span>informaci\u00f3n <span class=\"__1 _8\"></span>relativa <span class=\"__1 _8\"></span>al <span class=\"__1 _4\"></span>estado <span class=\"__1 _8\"></span>contable <span class=\"__1 _8\"></span>previsional <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>liquid<span class=\"__1 _6\"></span>ez <span class=\"__1 _8\"></span>elaborado <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>acuerdo <span class=\"__1 _8\"></span>con <span class=\"__1 _8\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>re<span class=\"__1 _6\"></span>quisitos<span class=\"__1 _1bc\"> </span>legales es<span class=\"__1 _6\"></span>tablecidos <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>art\u00edculo <span class=\"__1 _6\"></span>277 <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>Texto Refund<span class=\"__1 _6\"></span>ido <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>Ley <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>Sociedades <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>Capital, <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>que se<span class=\"__1 _1bc\"> </span>pone <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>manifiesto <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>existencia <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>liquidez <span class=\"__1 _8\"></span>suficiente <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>En<span class=\"__1 _6\"></span>ce <span class=\"__1 _6\"></span>Energ\u00eda <span class=\"__1 _6\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>Celulos<span class=\"__1 _6\"></span>a, <span class=\"__1 _6\"></span>S.A. <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>ara <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>distribu<span class=\"__1 _6\"></span>ci\u00f3n<span class=\"__1 _1bc\"> </span>de dichos div<span class=\"__1 _6\"></span>idendos se recoge en la<span class=\"__1 _6\"></span>s cuentas a<span class=\"__1 _6\"></span>nuales individuales de Ence E<span class=\"__1 _6\"></span>nerg\u00eda y Celulosa, S.A.<span class=\"__1 _1bc\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDividendsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-32": {
   "value": "0.274",
   "decimals": 4,
   "dimensions": {
    "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersPerShare",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
    "unit": "iso4217:EUR/xbrli:shares"
   }
  },
  "fact-33": {
   "value": "0.29",
   "decimals": 4,
   "dimensions": {
    "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersPerShare",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
    "unit": "iso4217:AED/xbrli:shares"
   }
  },
  "fact-34": {
   "value": "0.29",
   "decimals": 4,
   "dimensions": {
    "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersPerShare",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
    "unit": "iso4217:AED/xbrli:shares"
   }
  },
  "fact-35": {
   "value": "23.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Subvenciones<span class=\"__1 _1bc\"> </span></span></span>Las <span class=\"__1 _70\"></span>v<span class=\"__1 _6\"></span>ariaciones <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>este <span class=\"__1 _5\"></span>ep\u00edgrafe <span class=\"__1 _5\"></span>del <span class=\"__1 _70\"></span>Esta<span class=\"__1 _6\"></span>do <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>Situaci\u00f3n <span class=\"__1 _5\"></span>Financiera <span class=\"__1 _5\"></span>consolidado<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>en <span class=\"__1 _5\"></span>los <span class=\"__1 _70\"></span>ejercicios<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>2023 y <span class=\"__1 _70\"></span>2022<span class=\"__1 _1bc\"> </span>es el siguiente:<span class=\"__1 _1bc\"> </span>ENCE ha <span class=\"__1 _70\"></span>obtenido de <span class=\"__1 _70\"></span>divers<span class=\"__1 _6\"></span>as <span class=\"__1 _70\"></span>entidades p\u00fablicas, <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>ubvenciones a <span class=\"__1 _70\"></span>fondo perdido <span class=\"__1 _70\"></span>por inversiones <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>estinadas<span class=\"__1 _1bc\"> </span>a fome<span class=\"__1 _5\"></span>ntar la <span class=\"__1 _5\"></span>estructura productiva <span class=\"__1 _5\"></span>industria<span class=\"__1 _6\"></span>l, <span class=\"__1 _5\"></span>con impacto <span class=\"__1 _70\"></span>significativo en la <span class=\"__1 _70\"></span>creaci\u00f3n de <span class=\"__1 _70\"></span>empleo, el <span class=\"__1 _70\"></span>ah<span class=\"__1 _6\"></span>orro<span class=\"__1 _1bc\"> </span>y la eficiencia energ\u00e9tica, y<span class=\"__1 _6\"></span> un mejor aprov<span class=\"__1 _6\"></span>echamiento de la energ\u00eda.<span class=\"__1 _1bc\"> </span>Asimismo, <span class=\"__1 _8\"></span>EN<span class=\"__1 _6\"></span>CE <span class=\"__1 _8\"></span>obtu<span class=\"__1 _6\"></span>vo <span class=\"__1 _8\"></span>cr\u00e9di<span class=\"__1 _6\"></span>tos <span class=\"__1 _4\"></span>a <span class=\"__1 _8\"></span>tipos <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>inter\u00e9s <span class=\"__1 _8\"></span>favorables <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>vigencia <span class=\"__1 _8\"></span>de<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>has<span class=\"__1 _6\"></span>ta <span class=\"__1 _8\"></span>10 <span class=\"__1 _4\"></span>a\u00f1os, <span class=\"__1 _8\"></span>que <span class=\"__1 _4\"></span>f<span class=\"__1 _5\"></span>inancian<span class=\"__1 _1bc\"> </span>proyectos  desarrollados<span class=\"__1 _6\"></span>  por <span class=\"__1 _c6\"> </span>el  Grupo <span class=\"__1 _ca\"> </span>para  la  ampliaci\u00f3n  y <span class=\"__1 _ca\"> </span>mejora  de <span class=\"__1 _ca\"> </span>la  capacidad  productiva  de  las<span class=\"__1 _1bc\"> </span>biof\u00e1bricas <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>producci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>celulosa, <span class=\"__1 _8\"></span>as\u00ed <span class=\"__1 _6\"></span>como <span class=\"__1 _8\"></span>al <span class=\"__1 _6\"></span>desarroll<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>de <span class=\"__1 _4\"></span>proyectos <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>I+D+i<span class=\"__1 _6\"></span>. <span class=\"__1 _6\"></span>La <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>iferencia <span class=\"__1 _8\"></span>entre <span class=\"__1 _6\"></span>el<span class=\"__1 _1bc\"> </span>tipo <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>inter\u00e9s <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>mercado <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>tipo <span class=\"__1 _6\"></span>inf<span class=\"__1 _6\"></span>erior <span class=\"__1 _8\"></span>recogido <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _6\"></span>contrato<span class=\"__1 _6\"></span>, <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>con<span class=\"__1 _6\"></span>sidera <span class=\"__1 _8\"></span>una <span class=\"__1 _8\"></span>subvenci\u00f3n <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>se<span class=\"__1 _1bc\"> </span>imputa a resultad<span class=\"__1 _6\"></span>os siguiendo un crit<span class=\"__1 _6\"></span>erio financiero a lo larg<span class=\"__1 _6\"></span>o de la vida d<span class=\"__1 _6\"></span>el pr\u00e9stamo (v\u00e9ase Nota<span class=\"__1 _6\"></span> 28.2).<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _70\"></span>ldo a 31<span class=\"__1 _6\"></span>/<span class=\"__1 _6\"></span>12<span class=\"__1 _6\"></span>/<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>21<span class=\"__1 _10e\"> </span><span class=\"ls6d\">                           1  <span class=\"__1 _c9\"> </span>                   4.87<span class=\"__1 _6\"></span>8  <span class=\"__1 _c9\"> </span>                            -  <span class=\"__1 _cd\"> </span>                   -  <span class=\"__1 _c9\"> </span><span class=\"ff4\">                   4.87<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> </span></span>A<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> po<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span> nueva<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> s<span class=\"__1 _8\"></span>ubvenci<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>nes<span class=\"__1 _6\"></span> (*)<span class=\"__1 _3f\"> </span><span class=\"ls6d\">                            -  <span class=\"__1 _cb\"> </span>                   2<span class=\"__1 _6\"></span>.191<span class=\"__1 _6\"></span>  <span class=\"__1 _c9\"> </span>                            -  <span class=\"__1 _cd\"> </span>                   -  <span class=\"__1 _c9\"> </span>                   2.19<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span> </span>De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>hos<span class=\"__1 _8\"></span> de e<span class=\"__1 _70\"></span>mi<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _6\"></span> c<span class=\"__1 _6\"></span>onc<span class=\"__1 _6\"></span>edi<span class=\"__1 _8\"></span>dos<span class=\"__1 _87\"> </span><span class=\"ls6d\">                            -  <span class=\"__1 _cb\"> </span>                            -  <span class=\"__1 _c9\"> </span>                   9.10<span class=\"__1 _6\"></span>3  <span class=\"__1 _ce\"> </span>                   -  <span class=\"__1 _c9\"> </span>                   9.10<span class=\"__1 _6\"></span>3 </span>I<span class=\"__1 _6\"></span>mputa<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n a<span class=\"__1 _8\"></span> r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>ta<span class=\"__1 _6\"></span>dos<span class=\"__1 _8\"></span> c<span class=\"__1 _6\"></span>ons<span class=\"__1 _8\"></span>ol<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>da<span class=\"__1 _8\"></span>dos<span class=\"__1 _fb\"> </span><span class=\"ls6d\">                            -  <span class=\"__1 _cf\"> </span>                   (6<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>)  <span class=\"__1 _cd\"> </span>                (9<span class=\"__1 _6\"></span>.103<span class=\"__1 _6\"></span>)  <span class=\"__1 _ce\"> </span>                   -  <span class=\"__1 _cd\"> </span>                (9<span class=\"__1 _6\"></span>.771<span class=\"__1 _6\"></span>) </span>Otr<span class=\"__1 _6\"></span>os<span class=\"__1 _a9\"> </span><span class=\"ls6d\">                            -  <span class=\"__1 _c9\"> </span>                            -  <span class=\"__1 _cb\"> </span>                            -  <span class=\"__1 _ce\"> </span>                  6  <span class=\"__1 _c9\"> </span>                           6<span class=\"__1 _6\"></span> </span>Sa<span class=\"__1 _70\"></span>ldo a 31<span class=\"__1 _6\"></span>/<span class=\"__1 _6\"></span>12<span class=\"__1 _6\"></span>/<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>22<span class=\"__1 _10e\"> </span><span class=\"ls6d\">                           1  <span class=\"__1 _c9\"> </span>                   6.40<span class=\"__1 _6\"></span>1  <span class=\"__1 _c9\"> </span>                            -  <span class=\"__1 _cd\"> </span>                  6<span class=\"__1 _6\"></span>  <span class=\"__1 _c9\"> </span>                   6.40<span class=\"__1 _6\"></span>8 </span>A<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> po<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span> nueva<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> s<span class=\"__1 _8\"></span>ubvenci<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>nes<span class=\"__1 _6\"></span> (*)<span class=\"__1 _3f\"> </span><span class=\"ls6d\">                            -  <span class=\"__1 _cd\"> </span>                      63<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>  <span class=\"__1 _c9\"> </span>                            -  <span class=\"__1 _cd\"> </span>                   -  <span class=\"__1 _cd\"> </span>                      6<span class=\"__1 _6\"></span>36<span class=\"__1 _6\"></span> </span>De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>hos<span class=\"__1 _8\"></span> de e<span class=\"__1 _70\"></span>mi<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _6\"></span> c<span class=\"__1 _6\"></span>onc<span class=\"__1 _6\"></span>edi<span class=\"__1 _8\"></span>dos<span class=\"__1 _8\"></span> <span class=\"__1 _fa\"> </span><span class=\"ls6d\">                            -  <span class=\"__1 _c9\"> </span>                            -  <span class=\"__1 _cb\"> </span>                   8<span class=\"__1 _6\"></span>.352<span class=\"__1 _6\"></span>  <span class=\"__1 _ce\"> </span>                   -  <span class=\"__1 _cb\"> </span>                   8<span class=\"__1 _6\"></span>.35<span class=\"__1 _6\"></span>2 </span>I<span class=\"__1 _6\"></span>mputa<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n a<span class=\"__1 _8\"></span> r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>ta<span class=\"__1 _6\"></span>dos<span class=\"__1 _8\"></span> c<span class=\"__1 _6\"></span>ons<span class=\"__1 _8\"></span>ol<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>da<span class=\"__1 _8\"></span>dos<span class=\"__1 _fb\"> </span><span class=\"ls6d\">                            -  <span class=\"__1 _ce\"> </span>                (1.02<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>)  <span class=\"__1 _cd\"> </span>                (8<span class=\"__1 _6\"></span>.35<span class=\"__1 _6\"></span>2)  <span class=\"__1 _ce\"> </span>                   -  <span class=\"__1 _cd\"> </span>                (9<span class=\"__1 _6\"></span>.378<span class=\"__1 _6\"></span>) </span>Sa<span class=\"__1 _70\"></span>ldo a 31<span class=\"__1 _6\"></span>/<span class=\"__1 _6\"></span>12<span class=\"__1 _6\"></span>/<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>23<span class=\"__1 _10e\"> </span><span class=\"ls6d\">                           1  <span class=\"__1 _c9\"> </span>                   6.01<span class=\"__1 _6\"></span>1  <span class=\"__1 _c9\"> </span>                            -  <span class=\"__1 _cd\"> </span>                  6<span class=\"__1 _6\"></span>  <span class=\"__1 _c9\"> </span>                   6.01<span class=\"__1 _6\"></span>8 </span>(*<span class=\"__1 _5\"></span>) Ne<span class=\"__1 _70\"></span>to de cos<span class=\"__1 _8\"></span>te<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> i<span class=\"__1 _8\"></span>nc<span class=\"__1 _6\"></span>ur<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> e<span class=\"__1 _5\"></span>n s<span class=\"__1 _8\"></span>u ob<span class=\"__1 _6\"></span>te<span class=\"__1 _70\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span>Tot<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span>l<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> Euros<span class=\"__1 _1bc\"> </span>Pr<span class=\"__1 _6\"></span>\u00e9s<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>mos<span class=\"__1 _1bc\"> </span>Subvenc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ona<span class=\"__1 _8\"></span>dos<span class=\"__1 _1bc\"> </span>(Not<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span> 2<span class=\"__1 _6\"></span>8.2<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span>Subvenc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> de<span class=\"__1 _1bc\"> </span>Ca<span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>tal<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>hos<span class=\"__1 _8\"></span> de<span class=\"__1 _1bc\"> </span>Em<span class=\"__1 _70\"></span>i<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _1bc\"> </span>(Not<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span> 2<span class=\"__1 _6\"></span>0.1<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span>Otr<span class=\"__1 _6\"></span>os",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGovernmentGrantsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-516": {
   "value": "24.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Instrumentos financieros por categor\u00eda </span></span>Los <span class=\"__1 _cb\"> </span>instrumentos <span class=\"__1 _cb\"> </span>financieros<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>por <span class=\"__1 _cb\"> </span>categor\u00eda <span class=\"__1 _cb\"> </span>reconciliados <span class=\"__1 _cb\"> </span>con <span class=\"__1 _cb\"> </span>l<span class=\"__1 _6\"></span>as<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>partidas <span class=\"__1 _cb\"> </span>en <span class=\"__1 _cb\"> </span>el <span class=\"__1 _cb\"> </span>Estado <span class=\"__1 _cb\"> </span>de <span class=\"__1 _cb\"> </span>Situaci\u00f3n Financiera consolida<span class=\"__1 _6\"></span>do al 31 de diciembre d<span class=\"__1 _6\"></span>e 2023 y 2022 s<span class=\"__1 _6\"></span>on los s<span class=\"__1 _6\"></span>iguientes: <span class=\"__1 _6\"></span> La <span class=\"__1 _6\"></span>valoraci\u00f3n <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>instrumentos <span class=\"__1 _6\"></span>finan<span class=\"__1 _6\"></span>cieros derivad<span class=\"__1 _6\"></span>os s<span class=\"__1 _6\"></span>e ha <span class=\"__1 _6\"></span>realizado <span class=\"__1 _6\"></span>consid<span class=\"__1 _6\"></span>erando <span class=\"__1 _6\"></span>informaci\u00f3n <span class=\"__1 _6\"></span>de n<span class=\"__1 _6\"></span>ivel<span class=\"__1 _1bc\"> </span>2, <span class=\"__1 _cb\"> </span>esto <span class=\"__1 _cb\"> </span>es, <span class=\"__1 _cb\"> </span>utilizando <span class=\"__1 _cb\"> </span>variables <span class=\"__1 _cb\"> </span>diferentes<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>de <span class=\"__1 _150\"> </span>p<span class=\"__1 _6\"></span>recios <span class=\"__1 _cb\"> </span>cotizados<span class=\"__1 _6\"></span>, <span class=\"__1 _cb\"> </span>que <span class=\"__1 _cb\"> </span>son <span class=\"__1 _150\"> </span>ob<span class=\"__1 _6\"></span>servables <span class=\"__1 _cb\"> </span>bien <span class=\"__1 _cb\"> </span>directa <span class=\"__1 _cb\"> </span>o<span class=\"__1 _1bc\"> </span>indirectamente <span class=\"__1 _6\"></span>(v\u00e9as<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>Nota<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>3.8). <span class=\"__1 _8\"></span>Por <span class=\"__1 _6\"></span>su <span class=\"__1 _8\"></span>parte, <span class=\"__1 _6\"></span>para <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>valoraci\u00f3n <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>valor <span class=\"__1 _6\"></span>razo<span class=\"__1 _6\"></span>nable <span class=\"__1 _6\"></span>de<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>contraprestaci\u00f3n<span class=\"__1 _1bc\"> </span>contingente se utilizan<span class=\"__1 _6\"></span> variabl<span class=\"__1 _6\"></span>es del nivel 3 in<span class=\"__1 _6\"></span>cluyendo los t<span class=\"__1 _6\"></span>\u00e9rminos del con<span class=\"__1 _8\"></span>trato de venta, el con<span class=\"__1 _6\"></span>ocimiento<span class=\"__1 _1bc\"> </span>por parte del Grupo d<span class=\"__1 _6\"></span>e su negocio y lo<span class=\"__1 _6\"></span>s efectos <span class=\"__1 _6\"></span>del entorno econ\u00f3mico act<span class=\"__1 _6\"></span>ual.<span class=\"__1 _1bc\"> </span>El valor <span class=\"__1 _5\"></span>razonable de <span class=\"__1 _5\"></span>los activos y <span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>asivos financieros valorados a <span class=\"__1 _70\"></span>cos<span class=\"__1 _6\"></span>te amortizado, <span class=\"__1 _5\"></span>entre los que <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _5\"></span>incluye<span class=\"__1 _1bc\"> </span>la <span class=\"__1 _6\"></span>financiaci\u00f3n <span class=\"__1 _8\"></span>contratada <span class=\"__1 _8\"></span>a <span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>po <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>inter\u00e9s <span class=\"__1 _8\"></span>fijo <span class=\"__1 _6\"></span>(v\u00e9a<span class=\"__1 _6\"></span>nse <span class=\"__1 _6\"></span>N<span class=\"__1 _6\"></span>otas<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>5 <span class=\"__1 _6\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>28), <span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>di<span class=\"__1 _6\"></span>fiere <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>forma <span class=\"__1 _8\"></span>significativa <span class=\"__1 _6\"></span>del<span class=\"__1 _1bc\"> </span>importe al que se encuentra<span class=\"__1 _6\"></span>n registrados. 25.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Deudores comerciales y otras cuentas a cobrar </span></span>La <span class=\"__1 _c8\"> </span>composici\u00f3n <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _c8\"></span>ep\u00edgrafe <span class=\"__1 _c8\"> </span>\u201cDeud<span class=\"__1 _6\"></span>ores <span class=\"__1 _c8\"> </span>comerciales <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c6\"> </span>otras <span class=\"__1 _c6\"> </span>cuentas <span class=\"__1 _c8\"> </span>a <span class=\"__1 _c8\"> </span>cob<span class=\"__1 _6\"></span>rar\u201d <span class=\"__1 _c8\"> </span>del <span class=\"__1 _c8\"> </span>activo <span class=\"__1 _c8\"> </span>del <span class=\"__1 _c8\"> </span>Es<span class=\"__1 _6\"></span>tado <span class=\"__1 _c8\"></span>de<span class=\"__1 _1bc\"> </span>Situaci\u00f3n Financiera con<span class=\"__1 _6\"></span>solidado al cierre de los<span class=\"__1 _6\"></span> ejercicios 2<span class=\"__1 _6\"></span>023 y 2022 es la siguiente<span class=\"__1 _6\"></span>:<span class=\"__1 _1bc\"> </span> 2023<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es <span class=\"__1 _6\"></span>de E<span class=\"__1 _70\"></span>u<span class=\"__1 _6\"></span>ro<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>Not<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>Cos<span class=\"__1 _6\"></span>te<span class=\"__1 _1bc\"> </span>a<span class=\"__1 _6\"></span>morti<span class=\"__1 _6\"></span>za<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>Val<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span> r<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>zona<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _1bc\"> </span>co<span class=\"__1 _6\"></span>n c<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>mbi<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span> en<span class=\"__1 _1bc\"> </span>otro r<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>ul<span class=\"__1 _8\"></span>tad<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>gl<span class=\"__1 _6\"></span>ob<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span>Val<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span> r<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>zona<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _1bc\"> </span>co<span class=\"__1 _6\"></span>n c<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>mbi<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span> en<span class=\"__1 _1bc\"> </span>res<span class=\"__1 _6\"></span>ul<span class=\"__1 _8\"></span>ta<span class=\"__1 _6\"></span>dos<span class=\"__1 _1bc\"> </span>Tot<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span> a<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>23<span class=\"__1 _1bc\"> </span>I<span class=\"__1 _6\"></span>nvers<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>nes<span class=\"__1 _6\"></span> c<span class=\"__1 _6\"></span>onta<span class=\"__1 _6\"></span>bi<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>za<span class=\"__1 _6\"></span>da<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> po<span class=\"__1 _6\"></span>r el<span class=\"__1 _6\"></span> m\u00e9t<span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span>do de pa<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>pa<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _d5\"> </span>-<span class=\"__1 _6b\"> </span>-<span class=\"__1 _e7\"> </span><span class=\"ls6e\">34 <span class=\"__1 _1d\"> </span></span>  3<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span> I<span class=\"__1 _6\"></span>ns<span class=\"__1 _8\"></span>trume<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>tos<span class=\"__1 _6\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>eros<span class=\"__1 _8\"></span> deri<span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>dos<span class=\"__1 _1bc\"> </span>30<span class=\"__1 _1bc\"> </span>-<span class=\"__1 _137\"> </span>4<span class=\"__1 _6\"></span>.08<span class=\"__1 _6\"></span>5 <span class=\"__1 _52\"> </span>-<span class=\"__1 _f\"> </span>  4<span class=\"__1 _6\"></span>.085<span class=\"__1 _6\"></span> De<span class=\"__1 _5\"></span>udor<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span> c<span class=\"__1 _6\"></span>ome<span class=\"__1 _5\"></span>rc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es <span class=\"__1 _6\"></span>y otra<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> c<span class=\"__1 _6\"></span>uentas<span class=\"__1 _8\"></span> a<span class=\"__1 _6\"></span> c<span class=\"__1 _6\"></span>obr<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>r<span class=\"__1 _1bc\"> </span>25<span class=\"__1 _1bc\"> </span>34<span class=\"__1 _6\"></span>.97<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _52\"> </span>-<span class=\"__1 _94\"> </span>-<span class=\"__1 _1f\"> </span>  3<span class=\"__1 _6\"></span>4.9<span class=\"__1 _6\"></span>75<span class=\"__1 _6\"></span> De<span class=\"__1 _5\"></span>udor<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span> c<span class=\"__1 _6\"></span>ome<span class=\"__1 _5\"></span>rc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es <span class=\"__1 _6\"></span>y otra<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> i<span class=\"__1 _8\"></span>nvers<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _8\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>era<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> -<span class=\"__1 _1bc\"> </span>em<span class=\"__1 _70\"></span>pr<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> del<span class=\"__1 _6\"></span> Gru<span class=\"__1 _6\"></span>po y v<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>cu<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>da<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>25<span class=\"__1 _6\"></span> y 3<span class=\"__1 _6\"></span>4<span class=\"__1 _1bc\"> </span>1.77<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _52\"> </span>-<span class=\"__1 _94\"> </span>-<span class=\"__1 _61\"> </span>  1.77<span class=\"__1 _6\"></span>9 Otra<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>nvers<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>nes<span class=\"__1 _6\"></span> fi<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>era<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>27<span class=\"__1 _6\"></span>.2<span class=\"__1 _1bc\"> </span>47<span class=\"__1 _6\"></span>.26<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _52\"> </span>-<span class=\"__1 _15\"> </span>1<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>.17<span class=\"__1 _6\"></span>5 <span class=\"__1 _af\"> </span>  6<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.43<span class=\"__1 _6\"></span>7 Efe<span class=\"__1 _70\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vo<span class=\"__1 _6\"></span> y otros<span class=\"__1 _8\"></span> a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vo<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> l<span class=\"__1 _8\"></span>\u00edqui<span class=\"__1 _8\"></span>do<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> equi<span class=\"__1 _8\"></span>va<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>nte<span class=\"__1 _5\"></span>s<span class=\"__1 _1bc\"> </span>27<span class=\"__1 _6\"></span>.1<span class=\"__1 _1bc\"> </span>33<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.03<span class=\"__1 _6\"></span>2 <span class=\"__1 _52\"> </span>-<span class=\"__1 _6b\"> </span>-<span class=\"__1 _f5\"> </span>  3<span class=\"__1 _6\"></span>33<span class=\"__1 _6\"></span>.03<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> Total<span class=\"__1 _5\"></span> Activos f<span class=\"__1 _5\"></span>ina<span class=\"__1 _5\"></span>nci<span class=\"__1 _70\"></span>e<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>os<span class=\"__1 _16c\"> </span>  41<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.048<span class=\"__1 _6\"></span>   <span class=\"__1 _23\"> </span>  4.08<span class=\"__1 _6\"></span>5   <span class=\"__1 _16\"> </span>  1<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>.209<span class=\"__1 _6\"></span>   <span class=\"__1 _10c\"> </span>  <span class=\"__1 _6\"></span>44<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.342<span class=\"__1 _6\"></span> I<span class=\"__1 _6\"></span>ns<span class=\"__1 _8\"></span>trume<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>tos<span class=\"__1 _6\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>eros<span class=\"__1 _8\"></span> deri<span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>dos<span class=\"__1 _1bc\"> </span>30<span class=\"__1 _1bc\"> </span>-<span class=\"__1 _137\"> </span>4<span class=\"__1 _6\"></span>.03<span class=\"__1 _6\"></span>4 <span class=\"__1 _52\"> </span>-<span class=\"__1 _f\"> </span>  4<span class=\"__1 _6\"></span>.034<span class=\"__1 _6\"></span> A<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>ree<span class=\"__1 _5\"></span>dor<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span> c<span class=\"__1 _6\"></span>ome<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span> y <span class=\"__1 _6\"></span>otra<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> c<span class=\"__1 _6\"></span>uent<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> a<span class=\"__1 _6\"></span> pa<span class=\"__1 _6\"></span>ga<span class=\"__1 _8\"></span>r<span class=\"__1 _1bc\"> </span>26<span class=\"__1 _1bc\"> </span>22<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.92<span class=\"__1 _6\"></span>0 <span class=\"__1 _52\"> </span>-<span class=\"__1 _6b\"> </span>-<span class=\"__1 _f5\"> </span>  2<span class=\"__1 _6\"></span>22<span class=\"__1 _6\"></span>.92<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> p<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>vo<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> no<span class=\"__1 _6\"></span> c<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>ri<span class=\"__1 _8\"></span>ente<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> y c<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>ri<span class=\"__1 _8\"></span>ent<span class=\"__1 _5\"></span>es<span class=\"__1 _1bc\"> </span>29<span class=\"__1 _1bc\"> </span>10<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>.12<span class=\"__1 _6\"></span>9 <span class=\"__1 _52\"> </span>-<span class=\"__1 _6b\"> </span>-<span class=\"__1 _f5\"> </span>  1<span class=\"__1 _6\"></span>04<span class=\"__1 _6\"></span>.12<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> De<span class=\"__1 _5\"></span>uda<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> c<span class=\"__1 _6\"></span>ome<span class=\"__1 _5\"></span>rc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es <span class=\"__1 _6\"></span>y otros<span class=\"__1 _8\"></span> pa<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>vos<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>fi<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>eros<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>co<span class=\"__1 _6\"></span>n<span class=\"__1 _1bc\"> </span>em<span class=\"__1 _70\"></span>pr<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> del<span class=\"__1 _6\"></span> Gru<span class=\"__1 _6\"></span>po y v<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>cu<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>da<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>26<span class=\"__1 _6\"></span> y 3<span class=\"__1 _6\"></span>4<span class=\"__1 _1bc\"> </span>6.20<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span> <span class=\"__1 _52\"> </span>-<span class=\"__1 _94\"> </span>-<span class=\"__1 _61\"> </span>  6.20<span class=\"__1 _6\"></span>6 Ob<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ga<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> y otro<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> va<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>res<span class=\"__1 _6\"></span> negoci<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>bl<span class=\"__1 _8\"></span>es<span class=\"__1 _1bc\"> </span>28<span class=\"__1 _6\"></span>.1<span class=\"__1 _1bc\"> </span>13<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.74<span class=\"__1 _6\"></span>4 <span class=\"__1 _52\"> </span>-<span class=\"__1 _6b\"> </span>-<span class=\"__1 _f5\"> </span>  1<span class=\"__1 _6\"></span>31<span class=\"__1 _6\"></span>.74<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span> De<span class=\"__1 _5\"></span>uda<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> c<span class=\"__1 _6\"></span>on enti<span class=\"__1 _6\"></span>da<span class=\"__1 _8\"></span>des d<span class=\"__1 _6\"></span>e cr<span class=\"__1 _6\"></span>\u00e9<span class=\"__1 _5\"></span>di<span class=\"__1 _8\"></span>to<span class=\"__1 _1bc\"> </span>28<span class=\"__1 _6\"></span>.1<span class=\"__1 _1bc\"> </span>40<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.72<span class=\"__1 _6\"></span>1 <span class=\"__1 _52\"> </span>-<span class=\"__1 _6b\"> </span>-<span class=\"__1 _f5\"> </span>  4<span class=\"__1 _6\"></span>05<span class=\"__1 _6\"></span>.72<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span> Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> p<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>vo<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>ero<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>28<span class=\"__1 _6\"></span>.2<span class=\"__1 _1bc\"> </span>87<span class=\"__1 _6\"></span>.72<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _52\"> </span>-<span class=\"__1 _94\"> </span>-<span class=\"__1 _1f\"> </span>  8<span class=\"__1 _6\"></span>7.7<span class=\"__1 _6\"></span>20<span class=\"__1 _6\"></span> Total<span class=\"__1 _5\"></span> Pas<span class=\"__1 _5\"></span>ivos<span class=\"__1 _5\"></span> fina<span class=\"__1 _70\"></span>ncier<span class=\"__1 _6\"></span>os<span class=\"__1 _16c\"> </span>  95<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>44<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>   <span class=\"__1 _23\"> </span>  4.034<span class=\"__1 _6\"></span>   <span class=\"__1 _ce\"> </span><span class=\"ls6f\">                              -   <span class=\"__1 _10c\"> </span></span>  96<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.474<span class=\"__1 _6\"></span> 2022<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es <span class=\"__1 _6\"></span>de E<span class=\"__1 _70\"></span>u<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>Not<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>Cos<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>e<span class=\"__1 _1bc\"> </span>a<span class=\"__1 _6\"></span>morti<span class=\"__1 _6\"></span>za<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>Val<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span> r<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>zona<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _1bc\"> </span>co<span class=\"__1 _6\"></span>n c<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>mbi<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span> en<span class=\"__1 _1bc\"> </span>otro r<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>ul<span class=\"__1 _8\"></span>tad<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>gl<span class=\"__1 _6\"></span>ob<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span>Val<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span> r<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>zona<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _1bc\"> </span>co<span class=\"__1 _6\"></span>n c<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>mbi<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span> en<span class=\"__1 _1bc\"> </span>res<span class=\"__1 _6\"></span>ul<span class=\"__1 _8\"></span>ta<span class=\"__1 _6\"></span>dos<span class=\"__1 _1bc\"> </span>Tot<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span> a<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>23<span class=\"__1 _1bc\"> </span>I<span class=\"__1 _6\"></span>nvers<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>nes<span class=\"__1 _6\"></span> c<span class=\"__1 _6\"></span>onta<span class=\"__1 _6\"></span>bi<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>za<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> por<span class=\"__1 _6\"></span> el<span class=\"__1 _6\"></span> m\u00e9<span class=\"__1 _70\"></span>todo d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> pa<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>pa<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _169\"> </span>-<span class=\"__1 _d4\"> </span>-<span class=\"__1 _9c\"> </span><span class=\"ls70\">40 <span class=\"__1 _82\"> </span></span>  4<span class=\"__1 _6\"></span>0 I<span class=\"__1 _6\"></span>ns<span class=\"__1 _8\"></span>trume<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>tos<span class=\"__1 _6\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>eros<span class=\"__1 _8\"></span> deri<span class=\"__1 _8\"></span>va<span class=\"__1 _6\"></span>dos<span class=\"__1 _1bc\"> </span>30<span class=\"__1 _1bc\"> </span>-<span class=\"__1 _3f\"> </span>5.91<span class=\"__1 _6\"></span>0 <span class=\"__1 _94\"> </span>-<span class=\"__1 _61\"> </span>  5.91<span class=\"__1 _6\"></span>0 De<span class=\"__1 _5\"></span>udor<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span> c<span class=\"__1 _6\"></span>ome<span class=\"__1 _5\"></span>rc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> y otra<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> c<span class=\"__1 _6\"></span>uentas<span class=\"__1 _8\"></span> a<span class=\"__1 _6\"></span> c<span class=\"__1 _6\"></span>ob<span class=\"__1 _6\"></span>ra<span class=\"__1 _8\"></span>r<span class=\"__1 _1bc\"> </span>25<span class=\"__1 _1bc\"> </span>49<span class=\"__1 _6\"></span>.16<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _e5\"> </span>-<span class=\"__1 _d4\"> </span>-<span class=\"__1 _1f\"> </span>  4<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>.16<span class=\"__1 _6\"></span>8  De<span class=\"__1 _5\"></span>udor<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span> c<span class=\"__1 _6\"></span>ome<span class=\"__1 _5\"></span>rc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> y otra<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>nvers<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>nes<span class=\"__1 _6\"></span> fi<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>era<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> -<span class=\"__1 _1bc\"> </span>em<span class=\"__1 _70\"></span>pr<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> del<span class=\"__1 _6\"></span> Gru<span class=\"__1 _6\"></span>po y v<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>ul<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>da<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>25<span class=\"__1 _6\"></span> y 3<span class=\"__1 _6\"></span>4<span class=\"__1 _1bc\"> </span>491 <span class=\"__1 _52\"> </span><span class=\"ls0_1\">-<span class=\"__1 _d4\"> </span>-<span class=\"__1 _6d\"> </span>  4<span class=\"__1 _6\"></span>91<span class=\"__1 _6\"></span> </span>Otra<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>nvers<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>nes<span class=\"__1 _6\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>era<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>27<span class=\"__1 _6\"></span>.2<span class=\"__1 _1bc\"> </span>18<span class=\"__1 _6\"></span>.93<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _e5\"> </span>-<span class=\"__1 _f\"> </span>2<span class=\"__1 _6\"></span>3.7<span class=\"__1 _6\"></span>79<span class=\"__1 _6\"></span> <span class=\"__1 _4a\"> </span>  4<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.71<span class=\"__1 _6\"></span>4  Efe<span class=\"__1 _70\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vo<span class=\"__1 _6\"></span> y otros<span class=\"__1 _8\"></span> a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>os<span class=\"__1 _6\"></span> l<span class=\"__1 _8\"></span>\u00edqu<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> e<span class=\"__1 _5\"></span>qui<span class=\"__1 _8\"></span>va<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>ent<span class=\"__1 _5\"></span>es<span class=\"__1 _1bc\"> </span>27<span class=\"__1 _6\"></span>.1<span class=\"__1 _1bc\"> </span>41<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.91<span class=\"__1 _6\"></span>3 <span class=\"__1 _94\"> </span>-<span class=\"__1 _100\"> </span>-<span class=\"__1 _18\"> </span>  4<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>2.91<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span> Total<span class=\"__1 _5\"></span> Activos<span class=\"__1 _5\"></span> fina<span class=\"__1 _5\"></span>nc<span class=\"__1 _5\"></span>ier<span class=\"__1 _6\"></span>os<span class=\"__1 _8e\"> </span>  48<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>50<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>   <span class=\"__1 _29\"> </span>  5.91<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>   <span class=\"__1 _41\"> </span>  23.81<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>   <span class=\"__1 _12\"> </span>  5<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>1.23<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span> I<span class=\"__1 _6\"></span>ns<span class=\"__1 _8\"></span>trume<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>tos<span class=\"__1 _6\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>eros<span class=\"__1 _8\"></span> deri<span class=\"__1 _8\"></span>va<span class=\"__1 _6\"></span>dos<span class=\"__1 _1bc\"> </span>30<span class=\"__1 _1bc\"> </span>-<span class=\"__1 _87\"> </span><span class=\"ls70\">358 <span class=\"__1 _52\"> </span></span>-<span class=\"__1 _14e\"> </span>  35<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> A<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>ree<span class=\"__1 _5\"></span>dor<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span> c<span class=\"__1 _6\"></span>ome<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span> y<span class=\"__1 _6\"></span> otra<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> c<span class=\"__1 _6\"></span>uent<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> a<span class=\"__1 _6\"></span> pa<span class=\"__1 _8\"></span>ga<span class=\"__1 _6\"></span>r<span class=\"__1 _1bc\"> </span>26<span class=\"__1 _1bc\"> </span>34<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>.48<span class=\"__1 _6\"></span>5 <span class=\"__1 _94\"> </span>-<span class=\"__1 _100\"> </span>-<span class=\"__1 _18\"> </span>  3<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>4.48<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> p<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>vo<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> n<span class=\"__1 _6\"></span>o c<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>ente<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> y c<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>nte<span class=\"__1 _70\"></span>s<span class=\"__1 _1bc\"> </span>29<span class=\"__1 _1bc\"> </span>11<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.23<span class=\"__1 _6\"></span>4 <span class=\"__1 _94\"> </span>-<span class=\"__1 _100\"> </span>-<span class=\"__1 _18\"> </span>  1<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>1.23<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span> De<span class=\"__1 _5\"></span>uda<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> c<span class=\"__1 _6\"></span>ome<span class=\"__1 _5\"></span>rc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> y otros<span class=\"__1 _8\"></span> pa<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>vos<span class=\"__1 _8\"></span> fi<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>eros<span class=\"__1 _8\"></span> co<span class=\"__1 _6\"></span>n<span class=\"__1 _1bc\"> </span>em<span class=\"__1 _70\"></span>pr<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> del<span class=\"__1 _6\"></span> Gru<span class=\"__1 _6\"></span>po y v<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>ul<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>da<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>26<span class=\"__1 _6\"></span> y 3<span class=\"__1 _6\"></span>4<span class=\"__1 _1bc\"> </span>19<span class=\"__1 _6\"></span>.66<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span> <span class=\"__1 _e5\"> </span>-<span class=\"__1 _d4\"> </span>-<span class=\"__1 _1f\"> </span>  1<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>.66<span class=\"__1 _6\"></span>3  Ob<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ga<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> y otro<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> v<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span> n<span class=\"__1 _6\"></span>eg<span class=\"__1 _5\"></span>oc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _1bc\"> </span>28<span class=\"__1 _6\"></span>.1<span class=\"__1 _1bc\"> </span>14<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.73<span class=\"__1 _6\"></span>6 <span class=\"__1 _94\"> </span>-<span class=\"__1 _100\"> </span>-<span class=\"__1 _18\"> </span>  1<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>1.73<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span> De<span class=\"__1 _5\"></span>uda<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> c<span class=\"__1 _6\"></span>on <span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>nti<span class=\"__1 _6\"></span>da<span class=\"__1 _8\"></span>des<span class=\"__1 _6\"></span> de cr<span class=\"__1 _6\"></span>\u00e9di<span class=\"__1 _6\"></span>to<span class=\"__1 _1bc\"> </span>28<span class=\"__1 _6\"></span>.1<span class=\"__1 _1bc\"> </span>16<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.19<span class=\"__1 _6\"></span>0 <span class=\"__1 _94\"> </span>-<span class=\"__1 _100\"> </span>-<span class=\"__1 _18\"> </span>  1<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>6.19<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> p<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>vo<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _8\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>eros<span class=\"__1 _1bc\"> </span>28<span class=\"__1 _6\"></span>.2<span class=\"__1 _1bc\"> </span>89<span class=\"__1 _6\"></span>.27<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span> <span class=\"__1 _e5\"> </span>-<span class=\"__1 _d4\"> </span>-<span class=\"__1 _1f\"> </span>  8<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>.27<span class=\"__1 _6\"></span>3  Total<span class=\"__1 _5\"></span> Pas<span class=\"__1 _5\"></span>ivos<span class=\"__1 _5\"></span> fina<span class=\"__1 _70\"></span>ncier<span class=\"__1 _6\"></span>os<span class=\"__1 _8e\"> </span>  87<span class=\"__1 _6\"></span>2.58<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>   <span class=\"__1 _74\"> </span>  35<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>   <span class=\"__1 _ce\"> </span><span class=\"ls71\">                              -   <span class=\"__1 _12\"> </span></span>  87<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.939<span class=\"__1 _6\"></span>  <div class=\"c_1 w2_1 h58 gs153\"><div class=\"t_1 m0_1 x28 h9_1 yd5d ff3_1 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x59 h8_1 y222 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El per\u00edodo <span class=\"__1 _5\"></span>de cr\u00e9dito <span class=\"__1 _5\"></span>para la <span class=\"__1 _5\"></span>venta de pasta <span class=\"__1 _5\"></span>de celulosa se sit\u00faa e<span class=\"__1 _5\"></span>n media <span class=\"__1 _5\"></span>entre 54 <span class=\"__1 _5\"></span>y 58 <span class=\"__1 _5\"></span>d\u00edas. En la <span class=\"__1 _5\"></span>evoluci\u00f3n<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x59 h8_1 yd5e ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>sald<span class=\"__1 _6\"></span>os <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>cob<span class=\"__1 _6\"></span>rar <span class=\"__1 _6\"></span>por <span class=\"__1 _6\"></span>ventas <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>energ\u00eda <span class=\"__1 _6\"></span>renovab<span class=\"__1 _6\"></span>le <span class=\"__1 _6\"></span>debe <span class=\"__1 _6\"></span>considerarse <span class=\"__1 _8\"></span>que <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>aldos <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>cobrar <span class=\"__1 _8\"></span>del <span class=\"__1 _6\"></span>Pool<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x59 h8_1 yd5f ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">presentan <span class=\"__1 _4\"></span>un <span class=\"__1 _8\"></span>periodo <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>cob<span class=\"__1 _6\"></span>ro <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>aproximadamente <span class=\"__1 _4\"></span>10 <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>\u00edas <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>aldos <span class=\"__1 _4\"></span>pendientes <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>co<span class=\"__1 _8\"></span>bro <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>CNMC<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x59 h8_1 y375 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">presentan <span class=\"__1 _6\"></span>un <span class=\"__1 _6\"></span>period<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>cobro <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>aproximad<span class=\"__1 _6\"></span>amente <span class=\"__1 _6\"></span>60 <span class=\"__1 _6\"></span>d\u00ed<span class=\"__1 _6\"></span>as. <span class=\"__1 _6\"></span>El <span class=\"__1 _6\"></span>v<span class=\"__1 _8\"></span>alor <span class=\"__1 _6\"></span>razonable <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>esto<span class=\"__1 _6\"></span>s <span class=\"__1 _6\"></span>saldos<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>no <span class=\"__1 _6\"></span>difiere<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x59 h8_1 y376 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de forma significativa <span class=\"__1 _6\"></span>de su valor en libro<span class=\"__1 _6\"></span>s.<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x59 h8_1 yd60 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">La cuenta <span class=\"__1 _5\"></span>\u201cDeterioro de <span class=\"__1 _70\"></span>valo<span class=\"__1 _6\"></span>r\u201d ha <span class=\"__1 _70\"></span>ten<span class=\"__1 _6\"></span>ido <span class=\"__1 _5\"></span>dotaciones en e<span class=\"__1 _5\"></span>l ej<span class=\"__1 _5\"></span>ercicio <span class=\"__1 _5\"></span>con cargo <span class=\"__1 _5\"></span>a la <span class=\"__1 _70\"></span>cuenta \u201cdet<span class=\"__1 _6\"></span><span class=\"ff4\">erioro de <span class=\"__1 _70\"></span>valo<span class=\"__1 _6\"></span>r<span class=\"__1 _1bc\"> </span></span><span class=\"ff4\"> </span></div><div class=\"t_1 m0_1 x59 h8_1 yd61 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">sobre activos <span class=\"__1 _70\"></span>financieros\u201d<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>del Estado <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>Resu<span class=\"__1 _6\"></span>ltado <span class=\"__1 _5\"></span>por im<span class=\"__1 _5\"></span>porte <span class=\"__1 _5\"></span>de <span class=\"__1 _5\"></span>1.177 miles <span class=\"__1 _70\"></span>\u20ac y <span class=\"__1 _70\"></span>aplica<span class=\"__1 _6\"></span>ciones a <span class=\"__1 _70\"></span>su<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>finalid<span class=\"__1 _6\"></span>ad<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x59 h8_1 yd62 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">y otros mov<span class=\"__1 _6\"></span>imientos por importe de 1.429 mil<span class=\"__1 _6\"></span>es \u20ac.<span class=\"__1 _1bc\"> </span><span class=\"ff4\"> </span></div><div class=\"t_1 m0_1 x69 h64 yd63 ff3_1 fs0_1 fc5 sc0_1 ls0_1 ws0_1\">25.1<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Factoring </span></span><span class=\"ff5\"><span class=\"ff3_1 fc3\"> </span></span></div><div class=\"t_1 m0_1 x59 h8_1 yd64 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"__1 _4\"></span>Grupo <span class=\"__1 _4\"></span>tiene <span class=\"__1 _4\"></span>f<span class=\"__1 _5\"></span>ormalizados <span class=\"__1 _4\"></span>contratos<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>factoring <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>in <span class=\"__1 _4\"></span>recurso <span class=\"__1 _4\"></span>(v<span class=\"__1 _6\"></span>\u00e9ase <span class=\"__1 _4\"></span>Nota <span class=\"__1 _4\"></span>3.7), <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>acuerdo <span class=\"__1 _4\"></span>al <span class=\"__1 _4\"></span>siguiente<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x59 h8_1 yd65 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">detalle:<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 xf9 h8_1 yd66 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x59 h8_1 yd67 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El coste financiero<span class=\"__1 _6\"></span> asociado a<span class=\"__1 _6\"></span> los cr\u00e9ditos v<span class=\"__1 _6\"></span>endidos s<span class=\"__1 _6\"></span>e establece en el E<span class=\"__1 _6\"></span>uribor a 3 <span class=\"__1 _6\"></span>meses m\u00e1s u<span class=\"__1 _6\"></span>n diferencial<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x59 h8_1 y896 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">que se <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>it\u00faa en <span class=\"__1 _5\"></span>el <span class=\"__1 _5\"></span>tramo 1,10%-1,60%<span class=\"ls17\">. </span>Los saldos comerciales no <span class=\"__1 _70\"></span>factoriza<span class=\"__1 _6\"></span>dos al <span class=\"__1 _5\"></span>31 de <span class=\"__1 _5\"></span>dic<span class=\"__1 _6\"></span>iembre de <span class=\"__1 _70\"></span>2<span class=\"__1 _6\"></span>023 se<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x59 h8_1 yd68 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">prev\u00e9n recuperar mediante s<span class=\"__1 _6\"></span>u cobro al d<span class=\"__1 _6\"></span>eudor, y no mediante s<span class=\"__1 _6\"></span>u venta.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span><span class=\"fc8\"> </span></div><div class=\"t_1 m0_1 xe h5d y603 ff3_1 fs3 fc3 sc0_1 ls1 ws0_1\">26.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Acr<span class=\"__1 _6\"></span>eedores comerciales y otras cuentas a pagar<span class=\"__1 _1bc\"> </span></span></span><span class=\"ff5 ls0_1\"><span class=\"ff3_1\"> </span></span></div><div class=\"t_1 m0_1 x59 h8_1 yd69 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">La <span class=\"__1 _4\"></span>composici\u00f3n <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>ep\u00ed<span class=\"__1 _6\"></span>grafe <span class=\"__1 _4\"></span>\u201cAcreedores <span class=\"__1 _4\"></span>come<span class=\"__1 _6\"></span>rciales <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>otras<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>cuentas <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>p<span class=\"__1 _6\"></span>agar\u201d <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>pasivo <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>Es<span class=\"__1 _6\"></span>tado <span class=\"__1 _4\"></span>de<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x59 h8_1 yd6a ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Situaci\u00f3n Financ<span class=\"__1 _6\"></span>iera consolidado a<span class=\"__1 _6\"></span>l cierre de los ejercicios 2<span class=\"__1 _6\"></span>023 y 2022 es la s<span class=\"__1 _6\"></span>iguiente:<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x132 h8_1 y650 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x59 h8_1 yd6b ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Al <span class=\"__1 _c8\"></span>31 <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>dicie<span class=\"__1 _6\"></span>mbre <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"> </span>2022 <span class=\"__1 _c6\"> </span>el <span class=\"__1 _c8\"> </span>Grupo <span class=\"__1 _c6\"> </span>ten\u00eda <span class=\"__1 _c8\"> </span>r<span class=\"__1 _6\"></span>econocido <span class=\"__1 _c8\"> </span><span class=\"ff6\">e<span class=\"__1 _6\"></span>n <span class=\"__1 _c8\"> </span>el <span class=\"__1 _c8\"> </span>ep\u00edgrafe <span class=\"__1 _c8\"> </span>\u201cAcr<span class=\"__1 _6\"></span>eedores <span class=\"__1 _c8\"> </span>comerciales <span class=\"__1 _c8\"> </span>y<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>otr<span class=\"__1 _6\"></span></span>a<span class=\"ls72\">s<span class=\"__1 _1bc\"> </span></span><span class=\"ls72\"> </span></div><div class=\"t_1 m0_1 x59 h8_1 yd6c ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">cuentas a <span class=\"__1 _70\"></span>pagar<span class=\"ff6\">\u201d<span class=\"__1 _6\"></span></span> <span class=\"__1 _70\"></span>el importe <span class=\"__1 _70\"></span>cobrad<span class=\"__1 _6\"></span>o <span class=\"__1 _5\"></span>en <span class=\"__1 _5\"></span>exceso <span class=\"__1 _5\"></span>del <span class=\"__1 _70\"></span>regulad<span class=\"__1 _6\"></span>or <span class=\"__1 _5\"></span>el\u00e9ctrico <span class=\"__1 _5\"></span>en <span class=\"ls12\">2022</span> <span class=\"__1 _70\"></span>por <span class=\"__1 _5\"></span>importe de <span class=\"__1 _70\"></span>85,4 millones<span class=\"__1 _1bc\"> </span> </div></div><div class=\"c_1 w179 h237 gs154\"><div class=\"t_1 m3d x9 h238 yd6e ff4 fs4d fc0_1 sc0_1 ls0_1 ws0_1\">Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de E<span class=\"__1 _5\"></span>ur<span class=\"__1 _6\"></span>os<span class=\"__1 _b6\"> </span>3<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>/12<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>23<span class=\"__1 _b7\"> </span>3<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>/12<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>02<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w179 h239 gs155\"><div class=\"t_1 m3d x9 h238 yd70 ff4 fs4d fc0_1 sc0_1 ls0_1 ws0_1\">Cl<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>ente<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> por<span class=\"__1 _6\"></span> ventas<span class=\"__1 _8\"></span>-</div></div><div class=\"c_1 w179 h239 gs156\"><div class=\"t_1 m3d x9 h238 yd72 ff4 fs4d fc0_1 sc0_1 ls0_1 ws0_1\">   Cel<span class=\"__1 _6\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span>a<span class=\"__1 _16d\"> </span>  28<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>   <span class=\"__1 _113\"> </span> <span class=\"__1 _6\"></span> 32<span class=\"__1 _6\"></span>.25<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>   </div></div><div class=\"c_1 w179 h23a gs157\"><div class=\"t_1 m3d x9 h238 yd74 ff4 fs4d fc0_1 sc0_1 ls0_1 ws0_1\">   Ene<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>g\u00eda<span class=\"__1 _16e\"> </span>  3.3<span class=\"__1 _6\"></span>73<span class=\"__1 _6\"></span>   <span class=\"__1 _11e\"> </span>  1<span class=\"__1 _6\"></span>3.16<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>   </div></div><div class=\"c_1 w179 h23a gs158\"><div class=\"t_1 m3d x9 h238 yd72 ff4 fs4d fc0_1 sc0_1 ls0_1 ws0_1\">   O<span class=\"__1 _6\"></span>tros<span class=\"__1 _8\"></span> co<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>ept<span class=\"__1 _5\"></span>os<span class=\"__1 _16f\"> </span>  3.0<span class=\"__1 _6\"></span>58<span class=\"__1 _6\"></span>   <span class=\"__1 _49\"> </span>  3.5<span class=\"__1 _6\"></span>51<span class=\"__1 _6\"></span>   </div></div><div class=\"c_1 w179 h239 gs159\"><div class=\"t_1 m3d x9 h238 yd72 ff4 fs4d fc0_1 sc0_1 ls0_1 ws0_1\">Em<span class=\"__1 _70\"></span>pr<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> del<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>grup<span class=\"__1 _6\"></span>o y vi<span class=\"__1 _8\"></span>nc<span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>da<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>, deudor<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>(Not<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span> 34<span class=\"__1 _6\"></span>)<span class=\"__1 _61\"> </span>  1.76<span class=\"__1 _6\"></span>7  <span class=\"__1 _6\"></span> <span class=\"__1 _59\"> </span>  4<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>5   </div></div><div class=\"c_1 w179 h239 gs15a\"><div class=\"t_1 m3d x9 h238 yd72 ff4 fs4d fc0_1 sc0_1 ls0_1 ws0_1\">De<span class=\"__1 _5\"></span>udor<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span> va<span class=\"__1 _8\"></span>ri<span class=\"__1 _8\"></span>os<span class=\"__1 _174\"> </span>  4.5<span class=\"__1 _6\"></span>85<span class=\"__1 _6\"></span>   <span class=\"__1 _49\"> </span>  4.5<span class=\"__1 _6\"></span>01<span class=\"__1 _6\"></span>   </div></div><div class=\"c_1 w179 h23a gs15b\"><div class=\"t_1 m3d x9 h238 yd74 ff4 fs4d fc0_1 sc0_1 ls0_1 ws0_1\">De<span class=\"__1 _5\"></span>te<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span>o de va<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>or<span class=\"__1 _b3\"> </span><span class=\"ls73\">            (4<span class=\"__1 _6\"></span>.050<span class=\"__1 _6\"></span>)   <span class=\"__1 _c9\"> </span>         (4.30<span class=\"__1 _6\"></span>2) </span><span class=\"ls73\">  </span></div></div><div class=\"c_1 w179 h239 gs15c\"><div class=\"t_1 m3d xce h23b yd7a ff3_1 fs4d fc0_1 sc0_1 ls0_1 ws0_1\">  36<span class=\"__1 _6\"></span>.74<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>   <span class=\"__1 _113\"> </span>  4<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>.623<span class=\"__1 _6\"></span>   </div></div><div class=\"c_1 w17a h23c gs15d\"><div class=\"t_1 m3e xee h23d yd7c ff3_1 fs4e fc0_1 sc0_1 ls74 ws0_1\">2023<span class=\"__1 _149\"> </span>2022<span class=\"__1 _1bc\"> </span></div><div class=\"t_1 m3e x9 h23e yd7d ff6 fs4e fc0_1 sc0_1 ls0_1 ws0_1\">Mn<span class=\"__1 _70\"></span> \u20ac<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w17b h23f gs15e\"><div class=\"t_1 m3e x33 h23d yd7f ff3_1 fs4e fc0_1 sc0_1 ls0_1 ws0_1\">L\u00edmit<span class=\"__1 _5\"></span>e<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m3e xa h23d yd80 ff3_1 fs4e fc0_1 sc0_1 ls0_1 ws0_1\">disponible<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w17c h23f gs15f\"><div class=\"t_1 m3e x38 h23d yd7f ff3_1 fs4e fc0_1 sc0_1 ls0_1 ws0_1\">Saldo<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m3e x76 h23d yd80 ff3_1 fs4e fc0_1 sc0_1 ls0_1 ws0_1\">Di<span class=\"__1 _70\"></span>spu<span class=\"__1 _6\"></span>esto<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w17b h23f gs160\"><div class=\"t_1 m3e x33 h23d yd7f ff3_1 fs4e fc0_1 sc0_1 ls0_1 ws0_1\">L\u00edmit<span class=\"__1 _5\"></span>e<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m3e xa h23d yd80 ff3_1 fs4e fc0_1 sc0_1 ls0_1 ws0_1\">disponible<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w17b h23f gs161\"><div class=\"t_1 m3e x38 h23d yd7f ff3_1 fs4e fc0_1 sc0_1 ls0_1 ws0_1\">Saldo<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m3e x76 h23d yd80 ff3_1 fs4e fc0_1 sc0_1 ls0_1 ws0_1\">Di<span class=\"__1 _70\"></span>spu<span class=\"__1 _6\"></span>esto<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w17a h23c gs15d\"><div class=\"t_1 m3e x9 h23e yd84 ff4 fs4e fc0_1 sc0_1 ls0_1 ws0_1\">Neg. Celulosa<span class=\"__1 _d4\"> </span>94.000<span class=\"__1 _12f\"> </span>83.900<span class=\"__1 _153\"> </span>115.000<span class=\"__1 _12f\"> </span>45.<span class=\"__1 _6\"></span>166<span class=\"__1 _1bc\"> </span></div><div class=\"t_1 m3e x9 h23e yd85 ff4 fs4e fc0_1 sc0_1 ls0_1 ws0_1\">Neg. Renovables<span class=\"__1 _168\"> </span>33.400<span class=\"__1 _25\"> </span>4.455<span class=\"__1 _b\"> </span>-<span class=\"__1 _105\"> </span>-<span class=\"__1 _1bc\"> </span></div><div class=\"t_1 m3e x78 h23d yd86 ff3_1 fs4e fc0_1 sc0_1 ls0_1 ws0_1\">127.40<span class=\"__1 _5\"></span>0<span class=\"__1 _12f\"> </span>88.355<span class=\"__1 _153\"> </span>115.00<span class=\"__1 _5\"></span>0<span class=\"__1 _7e\"> </span>45.16<span class=\"__1 _5\"></span>6<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w17d h240 gs162\"><div class=\"t_1 m3f x9 h241 yd88 ff4 fs4f fc0_1 sc0_1 ls0_1 ws0_1\">Mi<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span> de<span class=\"__1 _5\"></span> E<span class=\"__1 _5\"></span>ur<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> <span class=\"__1 _175\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>23<span class=\"__1 _eb\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>22<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w17e h242 gs163\"><div class=\"t_1 m3f x9 h241 yd88 ff4 fs4f fc0_1 sc0_1 ls0_1 ws0_1\">A<span class=\"__1 _70\"></span>c<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>ee<span class=\"__1 _70\"></span>dor<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span> c<span class=\"__1 _8\"></span>om<span class=\"__1 _5\"></span>e<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>c<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _4\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> y otra<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span> c<span class=\"__1 _6\"></span>uent<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span> a<span class=\"__1 _8\"></span> pa<span class=\"__1 _8\"></span>ga<span class=\"__1 _6\"></span>r<span class=\"__1 _15\"> </span><span class=\"ls75\">        1<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>6.55<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span> <span class=\"__1 _15d\"> </span>        31<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.13<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span></span><span class=\"ls75\"> </span></div></div><div class=\"c_1 w17f h242 gs164\"><div class=\"t_1 m3f x9 h241 yd88 ff4 fs4f fc0_1 sc0_1 ls0_1 ws0_1\">E<span class=\"__1 _5\"></span>m<span class=\"__1 _5\"></span>pr<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span> de<span class=\"__1 _70\"></span>l<span class=\"__1 _4\"></span> g<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>upo <span class=\"__1 _6\"></span>y vi<span class=\"__1 _8\"></span>nc<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>da<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>, a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>e<span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span> (Not<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span> 3<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>)<span class=\"__1 _aa\"> </span><span class=\"ls75\">             1<span class=\"__1 _6\"></span>.09<span class=\"__1 _6\"></span>4 <span class=\"__1 _106\"> </span>             1<span class=\"__1 _6\"></span>.457<span class=\"__1 _1bc\"> </span></span><span class=\"ls75\"><span class=\"__1 _6\"></span> </span></div></div><div class=\"c_1 w180 h242 gs165\"><div class=\"t_1 m3f x9 h241 yd88 ff4 fs4f fc0_1 sc0_1 ls0_1 ws0_1\">Pr<span class=\"__1 _6\"></span>ov<span class=\"__1 _6\"></span>e<span class=\"__1 _70\"></span>edor<span class=\"__1 _6\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> i<span class=\"__1 _8\"></span>nmovi<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>za<span class=\"__1 _8\"></span>do<span class=\"__1 _1a\"> </span><span class=\"ls75\">           27<span class=\"__1 _6\"></span>.36<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span> <span class=\"__1 _124\"> </span>           22.46<span class=\"__1 _6\"></span>5<span class=\"__1 _1bc\"> </span></span><span class=\"ls75\"><span class=\"__1 _6\"></span> </span></div></div><div class=\"c_1 w181 h242 gs166\"><div class=\"t_1 m3f x9 h241 yd88 ff4 fs4f fc0_1 sc0_1 ls0_1 ws0_1\">Re<span class=\"__1 _70\"></span>mune<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>ne<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span> pe<span class=\"__1 _5\"></span>ndi<span class=\"__1 _4\"></span>e<span class=\"__1 _70\"></span>nte<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> de<span class=\"__1 _5\"></span> pa<span class=\"__1 _8\"></span>go<span class=\"__1 _107\"> </span>8<span class=\"__1 _6\"></span>.99<span class=\"__1 _6\"></span>8<span class=\"__1 _74\"> </span>1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.88<span class=\"__1 _6\"></span>8</div></div><div class=\"c_1 w182 h242 gs167\"><div class=\"t_1 m3f x37 h243 yd88 ff3_1 fs4f fc0_1 sc0_1 ls75 ws0_1\">        22<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>01<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span> <span class=\"__1 _15d\"> </span>        34<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>94<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> </div></div><div class=\"c_1 w2_1 h58 gs169\"><div class=\"t_1 m0_1 x59 h8_1 y1ef ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">\u20ac<span class=\"ff4\">, <span class=\"__1 _70\"></span>al <span class=\"__1 _70\"></span>no <span class=\"__1 _70\"></span>aplicar <span class=\"__1 _70\"></span>\u00e9ste<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>en <span class=\"__1 _70\"></span>las <span class=\"__1 _70\"></span>liqu<span class=\"__1 _6\"></span>idaciones <span class=\"__1 _70\"></span>emitidas<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>por <span class=\"__1 _70\"></span>la <span class=\"__1 _5\"></span>CNMC <span class=\"__1 _70\"></span>en <span class=\"__1 _70\"></span>dicho <span class=\"__1 _5\"></span>ejercicio <span class=\"__1 _70\"></span>la <span class=\"__1 _70\"></span>nueva <span class=\"__1 _5\"></span>regulaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>aplicable<span class=\"__1 _1bc\"> </span></span><span class=\"ff4\"> </span></div><div class=\"t_1 m0_1 x59 h8_1 y21b ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">a <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>activid<span class=\"__1 _6\"></span>ad <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>generaci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>energ\u00eda <span class=\"__1 _8\"></span>aprobad<span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>2022<span class=\"__1 _6\"></span>. <span class=\"__1 _8\"></span>Dicho <span class=\"__1 _8\"></span>importe, <span class=\"__1 _6\"></span>h<span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>sido <span class=\"__1 _6\"></span>\u00edntegramente <span class=\"__1 _8\"></span>devuelto<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x59 h8_1 y21c ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">en el primer semestre d<span class=\"__1 _6\"></span>e 2023.<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x59 h8_1 y21d ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El Grupo tiene formalizado co<span class=\"__1 _6\"></span>ntratos<span class=\"__1 _6\"></span> de confirming sin recurs<span class=\"__1 _6\"></span>o, <span class=\"__1 _6\"></span>de acuerdo al s<span class=\"__1 _6\"></span>iguiente detalle:<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 xf7 h8_1 yd8f ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x59 h8_1 yd90 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Los <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>aldos <span class=\"__1 _4\"></span>derivados <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>utilizaci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>l\u00edneas <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>confirming <span class=\"__1 _4\"></span>se <span class=\"__1 _8\"></span>clasifican <span class=\"__1 _4\"></span>como <span class=\"__1 _8\"></span>deu<span class=\"__1 _6\"></span>da <span class=\"__1 _8\"></span>comercial. <span class=\"__1 _4\"></span>Las<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x59 h8_1 yd91 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">l\u00edneas <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>confirming <span class=\"__1 _4\"></span>contratad<span class=\"__1 _6\"></span>as <span class=\"__1 _4\"></span>por <span class=\"__1 _8\"></span>EN<span class=\"__1 _6\"></span>CE <span class=\"__1 _8\"></span>no <span class=\"__1 _4\"></span>contemplan <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>establecimiento <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>garan<span class=\"__1 _6\"></span>t\u00edas, <span class=\"__1 _4\"></span>no <span class=\"__1 _4\"></span>alteran <span class=\"__1 _8\"></span>el<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x59 h8_1 yd92 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">periodo <span class=\"__1 _c6\"> </span>medio  de <span class=\"__1 _c8\"> </span>pago<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>a<span class=\"__1 _6\"></span>cordado  con <span class=\"__1 _c6\"> </span>los <span class=\"__1 _c6\"> </span>p<span class=\"__1 _6\"></span>roveedores <span class=\"__1 _c6\"> </span>y <span class=\"__1 _ca\"> </span>no <span class=\"__1 _c6\"> </span>devengan<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>coste <span class=\"__1 _ca\"> </span>financiero <span class=\"__1 _ca\"> </span>a <span class=\"__1 _c6\"> </span>favor  de <span class=\"__1 _c8\"> </span>las<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x59 h8_1 yd93 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">entidades financieras o<span class=\"__1 _6\"></span>torgantes de las<span class=\"__1 _6\"></span> l\u00edneas.<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x59 h8_1 yd94 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Se detalla <span class=\"__1 _6\"></span>a contin<span class=\"__1 _6\"></span>uaci\u00f3n <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>informaci\u00f3n r<span class=\"__1 _6\"></span>equerida <span class=\"__1 _6\"></span>por la <span class=\"__1 _6\"></span>Disp<span class=\"__1 _6\"></span>osici\u00f3n <span class=\"__1 _6\"></span>final segund<span class=\"__1 _6\"></span>a de <span class=\"__1 _6\"></span>la Ley 31/20<span class=\"__1 _6\"></span>14, de <span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x59 h8_1 y411 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de <span class=\"__1 _8\"></span>diciembre, <span class=\"__1 _8\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _8\"></span>ha <span class=\"__1 _4\"></span>sido <span class=\"__1 _8\"></span>preparada <span class=\"__1 _8\"></span>aplican<span class=\"__1 _6\"></span>do <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>Reso<span class=\"__1 _6\"></span>luci\u00f3n <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>Institu<span class=\"__1 _6\"></span>to <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>Conta<span class=\"__1 _6\"></span>bilidad <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>Aud<span class=\"__1 _6\"></span>itor\u00eda <span class=\"__1 _8\"></span>de<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x59 h8_1 y578 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Cuentas <span class=\"__1 _cd\"> </span>de <span class=\"__1 _cd\"> </span>fecha <span class=\"__1 _c9\"> </span>29 <span class=\"__1 _cd\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _cd\"> </span>enero <span class=\"__1 _cd\"> </span>de <span class=\"__1 _c9\"> </span>2016. <span class=\"__1 _cd\"> </span>Dicha<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>informaci\u00f3n <span class=\"__1 _cd\"> </span>se <span class=\"__1 _cd\"> </span>refiere <span class=\"__1 _cd\"> </span>al <span class=\"__1 _c9\"> </span>\u00e1mb<span class=\"__1 _6\"></span>ito<span class=\"__1 _8\"></span> <span class=\"__1 _cd\"> </span>nacional <span class=\"__1 _cd\"> </span>al <span class=\"__1 _cd\"> </span>que<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x59 h8_1 yd95 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">exclusivamente aplica esta n<span class=\"__1 _6\"></span>ormativa:<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x137 h8_1 y45e ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x59 h8_1 yd96 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Adicionalmente, <span class=\"__1 _8\"></span>se <span class=\"__1 _6\"></span>detalla <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>informaci\u00f3n <span class=\"__1 _6\"></span>requerida <span class=\"__1 _8\"></span>por <span class=\"__1 _6\"></span>L<span class=\"__1 _6\"></span>ey <span class=\"__1 _8\"></span>18/2022, <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>28 <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>septiembre, <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>Creaci\u00f3n <span class=\"__1 _8\"></span>y<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x59 h8_1 yd97 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Crecimiento de Empresas en cuanto<span class=\"__1 _6\"></span> a las facturas pagadas en un periodo inferior al m\u00e1ximo <span class=\"__1 _6\"></span>establecido en<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x59 h8_1 yd98 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">la normativa de moros<span class=\"__1 _6\"></span>idad<span class=\"__1 _6\"></span>:<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 xd4 h8_1 y37f ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x59 h8_1 y2f0 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Las especificaciones con q<span class=\"__1 _6\"></span>ue se ha elabora<span class=\"__1 _6\"></span>do dicha informaci\u00f3n s<span class=\"__1 _6\"></span>on las siguientes:<span class=\"__1 _1bc\"> </span><span class=\"__1 _8\"></span> </div><div class=\"t_1 m0_1 x59 h8_1 yd99 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Se <span class=\"__1 _70\"></span>entender\u00e1 <span class=\"__1 _5\"></span>por <span class=\"__1 _70\"></span>\u201cPeriodo me<span class=\"__1 _5\"></span>dio <span class=\"__1 _70\"></span>de pago<span class=\"__1 _5\"></span> <span class=\"__1 _70\"></span>a <span class=\"__1 _70\"></span>pro<span class=\"__1 _6\"></span>veedores\u201d <span class=\"__1 _70\"></span>al <span class=\"__1 _70\"></span>plazo que<span class=\"__1 _5\"></span> <span class=\"__1 _70\"></span>trans<span class=\"__1 _6\"></span>curre <span class=\"__1 _70\"></span>desde <span class=\"__1 _70\"></span>la <span class=\"__1 _5\"></span>entrega <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>bienes<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x59 h8_1 yd9a ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">o <span class=\"__1 _5\"></span>prestaci\u00f3n de <span class=\"__1 _70\"></span>servicios a <span class=\"__1 _70\"></span>cargo <span class=\"__1 _5\"></span>del <span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>roveedor <span class=\"__1 _5\"></span>hasta <span class=\"__1 _5\"></span>el <span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>ago <span class=\"__1 _70\"></span>de la <span class=\"__1 _70\"></span>operaci\u00f3n. Dicho perio<span class=\"__1 _5\"></span>do se <span class=\"__1 _70\"></span>calcula como<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x59 h8_1 yd9b ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">el <span class=\"__1 _6\"></span>coci<span class=\"__1 _6\"></span>ente <span class=\"__1 _6\"></span>for<span class=\"__1 _6\"></span>mado <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>numerador <span class=\"__1 _8\"></span>por <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>su<span class=\"__1 _6\"></span>matorio <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>ratio <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>operaciones <span class=\"__1 _8\"></span>pagadas<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>po<span class=\"__1 _6\"></span>r <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>importe<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x59 h8_1 yd9c ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">total de <span class=\"__1 _6\"></span>los pago<span class=\"__1 _6\"></span>s realizados m\u00e1s<span class=\"__1 _6\"></span> la <span class=\"__1 _6\"></span>ratio d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>operaciones pendientes <span class=\"__1 _6\"></span>de p<span class=\"__1 _6\"></span>ago por <span class=\"__1 _6\"></span>el importe to<span class=\"__1 _6\"></span>tal de <span class=\"__1 _6\"></span>pagos<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x59 h8_1 yd9d ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">pendientes y, en el d<span class=\"__1 _6\"></span>enominador, por el importe t<span class=\"__1 _6\"></span>otal de pagos r<span class=\"__1 _6\"></span>ealizados y los pago<span class=\"__1 _6\"></span>s pendientes<span class=\"__1 _8\"></span>.<span class=\"__1 _1bc\"> </span> </div></div><div class=\"c_1 w183 h245 gs16a\"><div class=\"t_1 m40 x1f h246 yd9f ff3_1 fs50 fc0_1 sc0_1 ls76 ws0_1\">2023<span class=\"__1 _f1\"> </span>2022<span class=\"__1 _1bc\"> </span></div><div class=\"t_1 m40 x9 h247 yda0 ff6 fs50 fc0_1 sc0_1 ls0_1 ws0_1\">Mn<span class=\"__1 _70\"></span> \u20ac<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w184 h248 gs16b\"><div class=\"t_1 m40 x21 h246 yda2 ff3_1 fs50 fc0_1 sc0_1 ls0_1 ws0_1\">L\u00edmite<span class=\"__1 _1bc\"> </span><span class=\"__1 _5\"></span> </div><div class=\"t_1 m40 x3a h246 yda3 ff3_1 fs50 fc0_1 sc0_1 ls0_1 ws0_1\">disponible<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w185 h248 gs16c\"><div class=\"t_1 m40 x33 h246 yda2 ff3_1 fs50 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m40 xa h246 yda3 ff3_1 fs50 fc0_1 sc0_1 ls0_1 ws0_1\">Di<span class=\"__1 _70\"></span>spu<span class=\"__1 _6\"></span>esto<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w184 h248 gs16d\"><div class=\"t_1 m40 x21 h246 yda2 ff3_1 fs50 fc0_1 sc0_1 ls0_1 ws0_1\">L\u00edmite<span class=\"__1 _1bc\"> </span><span class=\"__1 _5\"></span> </div><div class=\"t_1 m40 x3a h246 yda3 ff3_1 fs50 fc0_1 sc0_1 ls0_1 ws0_1\">disponible<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w184 h248 gs16e\"><div class=\"t_1 m40 x33 h246 yda2 ff3_1 fs50 fc0_1 sc0_1 ls0_1 ws0_1\">Saldo<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m40 xa h246 yda3 ff3_1 fs50 fc0_1 sc0_1 ls0_1 ws0_1\">Di<span class=\"__1 _70\"></span>spu<span class=\"__1 _6\"></span>esto<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w183 h245 gs16a\"><div class=\"t_1 m40 x9 h247 yda7 ff4 fs50 fc0_1 sc0_1 ls0_1 ws0_1\">Neg. Celulosa<span class=\"__1 _8b\"> </span>134<span class=\"__1 _5\"></span>.500<span class=\"__1 _fc\"> </span>58.955<span class=\"__1 _33\"> </span>130<span class=\"__1 _5\"></span>.500<span class=\"__1 _fc\"> </span>76.511<span class=\"__1 _1bc\"> </span></div><div class=\"t_1 m40 x9 h247 yda8 ff4 fs50 fc0_1 sc0_1 ls0_1 ws0_1\">Neg. Renovables<span class=\"__1 _5a\"> </span>47.000<span class=\"__1 _fc\"> </span>19.807<span class=\"__1 _fc\"> </span>48.000<span class=\"__1 _fc\"> </span>23.055<span class=\"__1 _1bc\"> </span></div><div class=\"t_1 m40 x23 h246 yda9 ff3_1 fs50 fc0_1 sc0_1 ls0_1 ws0_1\">181.50<span class=\"__1 _5\"></span>0<span class=\"__1 _fc\"> </span>78.762<span class=\"__1 _ff\"> </span>178.500<span class=\"__1 _fc\"> </span>99.566<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w186 h249 gs16f\"><div class=\"t_1 m41 x133 h24a ydab ff4 fs51 fc0_1 sc0_1 ls77 ws0_1\">2023<span class=\"__1 _fd\"> </span>2022<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w187 h24b gs170\"><div class=\"t_1 m41 x9 h24a ydad ff4 fs51 fc0_1 sc0_1 ls0_1 ws0_1\">Peri<span class=\"__1 _8\"></span>od<span class=\"__1 _6\"></span>o Medi<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span> de pa<span class=\"__1 _6\"></span>go a<span class=\"__1 _8\"></span> pr<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>ve<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>dor<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span> (D\u00eda<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>)<span class=\"__1 _a2\"> </span><span class=\"ls77\">63<span class=\"__1 _6f\"> </span>64<span class=\"__1 _1bc\"> </span></span></div></div><div class=\"c_1 w188 h24b gs171\"><div class=\"t_1 m41 x9 h24a ydad ff4 fs51 fc0_1 sc0_1 ls0_1 ws0_1\">Ra<span class=\"__1 _6\"></span>ti<span class=\"__1 _8\"></span>o de ope<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> p<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>ga<span class=\"__1 _8\"></span>da<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span> (D\u00eda<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>)<span class=\"__1 _91\"> </span><span class=\"ls77\">65<span class=\"__1 _6f\"> </span>66<span class=\"__1 _1bc\"> </span></span></div></div><div class=\"c_1 w189 h24b gs172\"><div class=\"t_1 m41 x9 h24a ydb0 ff4 fs51 fc0_1 sc0_1 ls0_1 ws0_1\">Ra<span class=\"__1 _6\"></span>ti<span class=\"__1 _8\"></span>o de ope<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> p<span class=\"__1 _6\"></span>e<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>di<span class=\"__1 _8\"></span>ent<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span> (D\u00eda<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>)<span class=\"__1 _88\"> </span><span class=\"ls77\">45<span class=\"__1 _6f\"> </span>53<span class=\"__1 _1bc\"> </span></span></div></div><div class=\"c_1 w18a h24b gs173\"><div class=\"t_1 m41 x9 h24a ydad ff4 fs51 fc0_1 sc0_1 ls0_1 ws0_1\">Tot<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span> pa<span class=\"__1 _8\"></span>gos<span class=\"__1 _8\"></span> r<span class=\"__1 _6\"></span>ea<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>za<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span></div><div class=\"t_1 m41 x11b h24a ydb2 ff4 fs51 fc0_1 sc0_1 ls0_1 ws0_1\">8<span class=\"__1 _6\"></span>74<span class=\"__1 _6\"></span>.6<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>4<span class=\"__1 _1bc\"> </span></div><div class=\"t_1 m41 x110 h24a ydb3 ff4 fs51 fc0_1 sc0_1 ls0_1 ws0_1\">9<span class=\"__1 _6\"></span>08<span class=\"__1 _6\"></span>.9<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w18b h249 gs174\"><div class=\"t_1 m41 x9 h24a ydb5 ff4 fs51 fc0_1 sc0_1 ls0_1 ws0_1\">Tot<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span> pa<span class=\"__1 _8\"></span>gos<span class=\"__1 _8\"></span> pendi<span class=\"__1 _8\"></span>ent<span class=\"__1 _70\"></span>es<span class=\"__1 _176\"> </span>1<span class=\"__1 _6\"></span>22<span class=\"__1 _6\"></span>.3<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>9<span class=\"__1 _7e\"> </span>1<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.61<span class=\"__1 _6\"></span>9<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w18c h24c gs175\"><div class=\"t_1 m41 x7c h24a ydb7 ff4 fs51 fc0_1 sc0_1 ls0_1 ws0_1\">Mi<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> Euro<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w18c h24c gs176\"><div class=\"t_1 m41 x13c h24a ydb9 ff4 fs51 fc0_1 sc0_1 ls0_1 ws0_1\">D\u00eda<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w18d h24d gs177\"><div class=\"t_1 m42 x9 h24e ydbb ff4 fs52 fc0_1 sc0_1 ls0_1 ws0_1\">Mi<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _70\"></span> euros<span class=\"__1 _e1\"> </span>I<span class=\"__1 _8\"></span>mporte<span class=\"__1 _2c\"> </span>%<span class=\"__1 _3f\"> </span>I<span class=\"__1 _6\"></span>mporte<span class=\"__1 _2c\"> </span>%<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w18d h24d gs178\"><div class=\"t_1 m42 x9 h24e ydbb ff4 fs52 fc0_1 sc0_1 ls0_1 ws0_1\">Pa<span class=\"__1 _8\"></span>gos<span class=\"__1 _8\"></span> r<span class=\"__1 _6\"></span>e<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _4\"></span>z<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span>dos<span class=\"__1 _1bc\"> </span><span class=\"__1 _4\"></span> </div><div class=\"t_1 m42 x13d h24e ydbd ff4 fs52 fc0_1 sc0_1 ls0_1 ws0_1\">44<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>.93<span class=\"__1 _6\"></span>4<span class=\"__1 _d7\"> </span><span class=\"ls78\">51%<span class=\"__1 _1f\"> </span></span>4<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.96<span class=\"__1 _6\"></span>1<span class=\"__1 _177\"> </span><span class=\"ls78\">45%<span class=\"__1 _1bc\"> </span></span></div></div><div class=\"c_1 w18e h24f gs179\"><div class=\"t_1 m42 x9 h24e ydbf ff4 fs52 fc0_1 sc0_1 ls0_1 ws0_1\">N<span class=\"__1 _70\"></span>\u00ba fa<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>tura<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span> pa<span class=\"__1 _8\"></span>ga<span class=\"__1 _6\"></span>da<span class=\"__1 _8\"></span>s<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w18d h24d gs17a\"><div class=\"t_1 m42 xdf h24e ydc1 ff4 fs52 fc0_1 sc0_1 ls0_1 ws0_1\">35<span class=\"__1 _6\"></span>.12<span class=\"__1 _6\"></span>7<span class=\"__1 _1bc\"> </span></div><div class=\"t_1 m42 xb0 h24e ydc2 ff4 fs52 fc0_1 sc0_1 ls78 ws0_1\">53%<span class=\"__1 _1bc\"> </span></div><div class=\"t_1 m42 x8a h24e ydbb ff4 fs52 fc0_1 sc0_1 ls0_1 ws0_1\">20<span class=\"__1 _6\"></span>.06<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span></div><div class=\"t_1 m42 x13e h24e ydc3 ff4 fs52 fc0_1 sc0_1 ls78 ws0_1\">33%<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w18f h250 gs17b\"><div class=\"t_1 m42 xb4 h24e ydc5 ff4 fs52 fc0_1 sc0_1 ls78 ws0_1\">2023<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w18f h250 gs17c\"><div class=\"t_1 m42 xb4 h24e ydc5 ff4 fs52 fc0_1 sc0_1 ls78 ws0_1\">2022<span class=\"__1 _1bc\"> </span></div></div>Ratio de operacion<span class=\"__1 _6\"></span>es pagadas<span class=\"__1 _6\"></span>: importe en d\u00edas<span class=\"__1 _6\"></span> resultan<span class=\"__1 _6\"></span>te del cociente <span class=\"__1 _6\"></span>entre el sumatorio<span class=\"__1 _6\"></span> de los p<span class=\"__1 _8\"></span>rodu<span class=\"__1 _6\"></span>ctos<span class=\"__1 _1bc\"> </span>del importe de <span class=\"__1 _5\"></span>cada una de la<span class=\"__1 _5\"></span>s operaciones pagadas por el <span class=\"__1 _70\"></span>n\u00fa<span class=\"__1 _6\"></span>mero de d\u00edas de <span class=\"__1 _70\"></span>pago y el i<span class=\"__1 _5\"></span>mporte total de los<span class=\"__1 _1bc\"> </span>pagos realizados<span class=\"__1 _6\"></span> en el ejercicio.<span class=\"__1 _1bc\"> </span>Ratio de operaciones pendientes de pago: im<span class=\"__1 _5\"></span>porte en d\u00edas r<span class=\"__1 _5\"></span>esultante del cociente e<span class=\"__1 _5\"></span>ntre el sumatorio de los<span class=\"__1 _1bc\"> </span>productos <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>importe <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>peraci\u00f3n <span class=\"__1 _8\"></span>pendiente <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>pago<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>por <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>n\u00famero <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>d\u00edas <span class=\"__1 _8\"></span>pendientes <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>pago <span class=\"__1 _8\"></span>y <span class=\"__1 _6\"></span>el<span class=\"__1 _1bc\"> </span>importe total de los p<span class=\"__1 _6\"></span>agos pendientes<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span>Quedan <span class=\"__1 _c8\"></span>fuera <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>\u00e1mbito <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"></span>informaci\u00f3n <span class=\"__1 _4\"></span>las <span class=\"__1 _c8\"></span>obligaciones <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>pago <span class=\"__1 _c8\"></span>que <span class=\"__1 _4\"></span>hay<span class=\"__1 _6\"></span>an <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>ido <span class=\"__1 _4\"></span>objeto <span class=\"__1 _4\"></span>de <span class=\"__1 _c8\"></span>retenci\u00f3n,<span class=\"__1 _1bc\"> </span>saldos con<span class=\"__1 _6\"></span> organismos p\u00fa<span class=\"__1 _6\"></span>blicos, y pagos domiciliados.<span class=\"__1 _1bc\"> </span>Este d<span class=\"__1 _6\"></span>esglose de <span class=\"__1 _6\"></span>informaci\u00f3n <span class=\"__1 _6\"></span>correspond<span class=\"__1 _6\"></span>iente a <span class=\"__1 _6\"></span>entidades <span class=\"__1 _6\"></span>espa\u00f1olas <span class=\"__1 _6\"></span>incluidas<span class=\"__1 _6\"></span> en <span class=\"__1 _6\"></span>el conjun<span class=\"__1 _6\"></span>to cons<span class=\"__1 _6\"></span>olidable<span class=\"__1 _1bc\"> </span>una vez eliminados<span class=\"__1 _6\"></span> los cr\u00e9ditos y<span class=\"__1 _6\"></span> d\u00e9bitos rec\u00edprocos de las<span class=\"__1 _6\"></span> empresas dependientes.<span class=\"__1 _1bc\"> </span>27.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Acti<span class=\"__1 _6\"></span>vos financieros<span class=\"__1 _1bc\"> </span></span></span>27.1<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Efectivo y otros activos l<span class=\"__1 _5\"></span>\u00edquidos equ<span class=\"__1 _5\"></span>ivalentes<span class=\"__1 _1bc\"> </span></span></span>El  ep\u00edgrafe <span class=\"__1 _c6\"> </span>\u201c<span class=\"ff4\">E<span class=\"__1 _6\"></span>fectivo<span class=\"ff3_1\">  </span></span>y <span class=\"__1 _c6\"> </span>o<span class=\"__1 _6\"></span>tros  activos <span class=\"__1 _c6\"> </span>l\u00edqu<span class=\"__1 _6\"></span>idos  equivalentes\u201d<span class=\"ff4\">  incluye  la <span class=\"__1 _c6\"> </span>tesorer\u00eda  del  Grupo <span class=\"__1 _c6\"> </span>y  dep\u00f3sitos<span class=\"__1 _1bc\"> </span></span>bancarios a co<span class=\"__1 _6\"></span>rto plazo con un vencimiento in<span class=\"__1 _6\"></span>icial de tres meses o<span class=\"__1 _6\"></span> un plazo in<span class=\"__1 _6\"></span>ferior. El importe en libros d<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span>estos activos<span class=\"__1 _6\"></span> se aproxima a su valo<span class=\"__1 _6\"></span>r razonable. 27.2<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Otros activos financieros<span class=\"__1 _1bc\"> </span></span></span>El detalle <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e este <span class=\"__1 _5\"></span>ep\u00edgrafe del Estado de <span class=\"__1 _70\"></span>Situ<span class=\"__1 _6\"></span>aci\u00f3n Financiera consolidado al <span class=\"__1 _5\"></span>31 de <span class=\"__1 _70\"></span>di<span class=\"__1 _6\"></span>ciembre de <span class=\"__1 _5\"></span>2023 y 2022<span class=\"__1 _1bc\"> </span>es el siguiente:<span class=\"__1 _1bc\"> </span>La cuenta \u201cEfectivo p<span class=\"__1 _6\"></span>ara cobertu<span class=\"__1 _6\"></span>ras de deud<span class=\"__1 _6\"></span>a financiera\u201d in<span class=\"__1 _6\"></span>cluye tesorer\u00eda destinad<span class=\"__1 _6\"></span>a a cu<span class=\"__1 _6\"></span>brir la obligaci\u00f3n,<span class=\"__1 _1bc\"> </span>establecida <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>financiaci\u00f3n <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>Negocio <span class=\"__1 _8\"></span>Energ\u00eda <span class=\"__1 _6\"></span>Renovab<span class=\"__1 _6\"></span>le, d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>mantener <span class=\"__1 _6\"></span>un <span class=\"__1 _8\"></span>efectivo <span class=\"__1 _6\"></span>m\u00ednimo <span class=\"__1 _6\"></span>dis<span class=\"__1 _6\"></span>ponible<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _6\"></span>10 <span class=\"__1 _8\"></span>millones <span class=\"__1 _6\"></span><span class=\"ff6\">\u20ac</span>, <span class=\"__1 _8\"></span>cuant\u00eda <span class=\"__1 _8\"></span>que <span class=\"__1 _6\"></span>puede <span class=\"__1 _8\"></span>verse <span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>ncrementada <span class=\"__1 _8\"></span>hasta <span class=\"__1 _8\"></span>30 <span class=\"__1 _6\"></span>millones <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>euros <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>fun<span class=\"__1 _6\"></span>ci\u00f3n <span class=\"__1 _6\"></span>del <span class=\"__1 _8\"></span>grado<span class=\"__1 _1bc\"> </span>de utilizaci\u00f3n de la l\u00edn<span class=\"__1 _6\"></span>ea de cr<span class=\"__1 _6\"></span>\u00e9dito contemplada en <span class=\"__1 _6\"></span>el tram<span class=\"__1 _6\"></span>o 4\u00ba de la finan<span class=\"__1 _6\"></span>ciaci\u00f3n (v\u00e9ase <span class=\"__1 _6\"></span>Nota 28), y q<span class=\"__1 _6\"></span>ue al<span class=\"__1 _1bc\"> </span>cierre de 2023 2022 est\u00e1 \u00edn<span class=\"__1 _6\"></span>tegramente dispon<span class=\"__1 _6\"></span>ible.<span class=\"__1 _1bc\"> </span>Con <span class=\"__1 _70\"></span>fecha <span class=\"__1 _5\"></span>20 <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>diciembre <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>2020, <span class=\"__1 _70\"></span>E<span class=\"__1 _6\"></span>nce <span class=\"__1 _70\"></span>Energ\u00eda <span class=\"__1 _5\"></span>y <span class=\"__1 _70\"></span>Celulosa,<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>S.A. <span class=\"__1 _70\"></span>complet\u00f3 <span class=\"__1 _5\"></span>la <span class=\"__1 _70\"></span>venta<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>a <span class=\"__1 _5\"></span>la <span class=\"__1 _70\"></span>entidad <span class=\"__1 _5\"></span>Woodpecker<span class=\"__1 _1bc\"> </span>Acquisitions <span class=\"__1 _6\"></span>S.a.r.l, <span class=\"__1 _6\"></span>controlada p<span class=\"__1 _6\"></span>or Ancala <span class=\"__1 _6\"></span>Partners <span class=\"__1 _6\"></span>LLP, <span class=\"__1 _6\"></span>de una <span class=\"__1 _6\"></span>participaci\u00f3n<span class=\"__1 _6\"></span> minoritaria <span class=\"__1 _6\"></span>del 49% <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>la filial<span class=\"__1 _1bc\"> </span>Magnon <span class=\"__1 _c8\"></span>Green <span class=\"__1 _4\"></span>En<span class=\"__1 _6\"></span>ergy, <span class=\"__1 _c8\"> </span>S.L., <span class=\"__1 _c8\"></span>holding <span class=\"__1 _c8\"> </span>del <span class=\"__1 _c8\"></span>Negocio <span class=\"__1 _4\"></span>E<span class=\"__1 _6\"></span>nerg\u00eda <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>E<span class=\"__1 _6\"></span>NCE.<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>Una <span class=\"__1 _c8\"></span>parte <span class=\"__1 _c8\"></span>del <span class=\"__1 _4\"></span>p<span class=\"__1 _6\"></span>recio <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>v<span class=\"__1 _6\"></span>enta <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>la<span class=\"__1 _1bc\"> </span>participaci\u00f3n por importe <span class=\"__1 _5\"></span>de 134 millones <span class=\"ff6\">\u20ac <span class=\"__1 _70\"></span>es <span class=\"ff4\">variable en funci\u00f3n del <span class=\"__1 _70\"></span>\u00e9xito<span class=\"__1 _6\"></span> en <span class=\"__1 _5\"></span>el desarrollo de <span class=\"__1 _70\"></span>la cartera de<span class=\"__1 _1bc\"> </span></span></span>proyectos <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>energ\u00eda <span class=\"__1 _6\"></span>renovable <span class=\"__1 _6\"></span>con <span class=\"__1 _6\"></span>biomasa, <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>pr\u00f3ximos <span class=\"__1 _6\"></span>8 <span class=\"__1 _6\"></span>a\u00f1os.<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>ENCE <span class=\"__1 _6\"></span>mantiene <span class=\"__1 _6\"></span>un <span class=\"__1 _6\"></span>importe <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>cobrar<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _c6\"> </span>17.<span class=\"__1 _6\"></span>160  miles <span class=\"__1 _c6\"> </span><span class=\"ff6\">\u20ac  al <span class=\"__1 _c6\"> </span>31  de  dicie<span class=\"__1 _5\"></span>mbre  de <span class=\"__1 _c6\"> </span>2023  (21.920  m<span class=\"__1 _5\"></span>iles <span class=\"__1 _ca\"> </span>\u20ac <span class=\"__1 _ca\"> </span>al  31 <span class=\"__1 _c6\"> </span>de  diciembre <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c6\"> </span>2022<span class=\"__1 _6\"></span>), <span class=\"__1 _ca\"> </span>que <span class=\"__1 _ca\"> </span>se<span class=\"__1 _1bc\"> </span></span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> Euros<span class=\"__1 _1bc\"> </span>Cor<span class=\"__1 _6\"></span>to<span class=\"__1 _1bc\"> </span>Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>zo<span class=\"__1 _1bc\"> </span>L<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>go<span class=\"__1 _1bc\"> </span>Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>zo<span class=\"__1 _1bc\"> </span>Cor<span class=\"__1 _6\"></span>to<span class=\"__1 _1bc\"> </span>Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>zo<span class=\"__1 _1bc\"> </span>L<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>go<span class=\"__1 _1bc\"> </span>Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>zo<span class=\"__1 _1bc\"> </span>V<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span> de a<span class=\"__1 _6\"></span>j<span class=\"__1 _8\"></span>us<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span> por<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>nes<span class=\"__1 _6\"></span> (Not<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span> 2<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>)<span class=\"__1 _9c\"> </span><span class=\"ls79\">               -   <span class=\"__1 _150\"> </span></span>  <span class=\"__1 _6\"></span>    2<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.12<span class=\"__1 _6\"></span>9 <span class=\"__1 _159\"> </span><span class=\"ls79\">               -   <span class=\"__1 _cf\"> </span>               -  </span>Contra<span class=\"__1 _8\"></span>to de<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>qui<span class=\"__1 _8\"></span>dez a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n Enc<span class=\"__1 _6\"></span>e (N<span class=\"__1 _70\"></span>ota<span class=\"__1 _6\"></span> 2<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.5)<span class=\"__1 _ed\"> </span><span class=\"ls79\">        1<span class=\"__1 _6\"></span>.03<span class=\"__1 _6\"></span>9 <span class=\"__1 _2a\"> </span>               -   <span class=\"__1 _e9\"> </span>        2<span class=\"__1 _6\"></span>.05<span class=\"__1 _6\"></span>8 <span class=\"__1 _2a\"> </span>               -  </span>Contra<span class=\"__1 _8\"></span>pr<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n c<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>nti<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>ge<span class=\"__1 _70\"></span>nte<span class=\"__1 _5\"></span> (Not<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span> 3<span class=\"__1 _6\"></span>4)<span class=\"__1 _151\"> </span><span class=\"ls79\">        2.65<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span> <span class=\"__1 _cc\"> </span></span>      <span class=\"__1 _6\"></span>16<span class=\"__1 _6\"></span>.51<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _178\"> </span><span class=\"ls79\">        5.63<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _cc\"> </span></span>      1<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.14<span class=\"__1 _6\"></span>9<span class=\"__1 _1bc\"> </span>Cr<span class=\"__1 _6\"></span>\u00e9<span class=\"__1 _5\"></span>di<span class=\"__1 _8\"></span>tos<span class=\"__1 _6\"></span> p<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span> s<span class=\"__1 _8\"></span>uba<span class=\"__1 _8\"></span>r<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>ndos<span class=\"__1 _8\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> maq<span class=\"__1 _6\"></span>ui<span class=\"__1 _8\"></span>na<span class=\"__1 _8\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _52\"> </span><span class=\"ls79\">               -   <span class=\"__1 _cb\"> </span>        4.68<span class=\"__1 _6\"></span>9 <span class=\"__1 _113\"> </span>               -   <span class=\"__1 _150\"> </span>        2<span class=\"__1 _6\"></span>.557<span class=\"__1 _1bc\"> </span></span>Efe<span class=\"__1 _70\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vo<span class=\"__1 _6\"></span> pa<span class=\"__1 _8\"></span>ra<span class=\"__1 _8\"></span> c<span class=\"__1 _6\"></span>obertur<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> deuda<span class=\"__1 _6\"></span> fi<span class=\"__1 _8\"></span>n<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>ra<span class=\"__1 _82\"> </span><span class=\"ls79\">               -   <span class=\"__1 _150\"> </span></span> <span class=\"__1 _6\"></span>     1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _158\"> </span><span class=\"ls79\">               -   <span class=\"__1 _150\"> </span></span>    <span class=\"__1 _6\"></span>  1<span class=\"__1 _6\"></span>0.0<span class=\"__1 _6\"></span>00<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>\u00f3s<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>tos<span class=\"__1 _6\"></span>, fi<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>za<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> y otra<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span> c<span class=\"__1 _6\"></span>uent<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span> por<span class=\"__1 _6\"></span> c<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>br<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>r<span class=\"__1 _61\"> </span><span class=\"ls79\">        1.467<span class=\"__1 _6\"></span> <span class=\"__1 _cc\"> </span>        2<span class=\"__1 _6\"></span>.93<span class=\"__1 _6\"></span>8 <span class=\"__1 _127\"> </span>        2.21<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _cc\"> </span>        2.11<span class=\"__1 _6\"></span>0</span>        5.16<span class=\"__1 _6\"></span>3 <span class=\"__1 _cc\"> </span><span class=\"ls0_1\"> <span class=\"__1 _6\"></span>     6<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>27<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span> <span class=\"__1 _178\"> </span><span class=\"ls79\">        9.89<span class=\"__1 _6\"></span>8 <span class=\"__1 _cc\"> </span></span>  <span class=\"__1 _6\"></span>    3<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>81<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span></span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>02<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>02<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>corresponde <span class=\"__1 _8\"></span>con <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>valo<span class=\"__1 _6\"></span>r <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>resente, <span class=\"__1 _6\"></span>actualizad<span class=\"__1 _6\"></span>o <span class=\"__1 _8\"></span>considerando <span class=\"__1 _8\"></span>como <span class=\"__1 _6\"></span>tas<span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>descu<span class=\"__1 _6\"></span>ento <span class=\"__1 _6\"></span>un <span class=\"__1 _8\"></span>coste <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>capita<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span>del negocio del 8,4%, que <span class=\"__1 _5\"></span>se prev\u00e9 recuperar de dicho precio contingente<span class=\"__1 _6\"></span> a lo largo <span class=\"__1 _5\"></span>del periodo 2021-<span class=\"ls12\">2028.<span class=\"__1 _1bc\"> </span></span>Por otra parte, la <span class=\"__1 _5\"></span>cuenta \u201cContraprestaci\u00f3n contingente\u201d incluye un importe a cobrar de <span class=\"__1 _70\"></span>2.<span class=\"__1 _6\"></span><span class=\"ff4 ls12\">015<span class=\"ls0_1\"> </span></span>miles \u20ac al 31<span class=\"__1 _1bc\"> </span>de diciembre de 2023 (1.859 mile<span class=\"__1 _5\"></span>s \u20ac al 31 <span class=\"__1 _5\"></span>de diciembre de 2022) que se corresponde con el valor actual del<span class=\"__1 _1bc\"> </span>precio <span class=\"__1 _70\"></span>contingent<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>qu<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>surgi\u00f3 en <span class=\"__1 _70\"></span>la <span class=\"__1 _70\"></span>venta<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>en <span class=\"__1 _5\"></span>2020 <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>la <span class=\"__1 _5\"></span>participa<span class=\"__1 _6\"></span>ci\u00f3n <span class=\"__1 _70\"></span>del Grupo <span class=\"__1 _70\"></span>en <span class=\"__1 _70\"></span>En<span class=\"__1 _6\"></span>ce <span class=\"__1 _70\"></span>En<span class=\"__1 _6\"></span>erg\u00eda <span class=\"__1 _5\"></span>Termollano,<span class=\"__1 _1bc\"> </span>S.A., sociedad titu<span class=\"__1 _6\"></span>lar de una <span class=\"__1 _6\"></span>instalaci\u00f3n de generaci\u00f3n d<span class=\"__1 _6\"></span>e energ\u00eda termosolar.<span class=\"__1 _1bc\"> </span>La <span class=\"__1 _cb\"> </span>variaci\u00f3n <span class=\"__1 _cb\"> </span>de <span class=\"__1 _cb\"> </span>v<span class=\"__1 _6\"></span>alor <span class=\"__1 _cb\"> </span>razonable <span class=\"__1 _cb\"> </span>de <span class=\"__1 _cb\"> </span>la <span class=\"__1 _cb\"> </span>contraprestaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>contingente, <span class=\"__1 _cb\"> </span>p<span class=\"__1 _6\"></span>rincipal <span class=\"__1 _cb\"> </span>instrumento <span class=\"__1 _cb\"> </span>financiero<span class=\"__1 _1bc\"> </span>clasificado <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>Nivel <span class=\"__1 _8\"></span>3 <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>jerarqu\u00eda <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>valo<span class=\"__1 _6\"></span>r <span class=\"__1 _8\"></span>razonable, <span class=\"__1 _8\"></span>ha <span class=\"__1 _8\"></span>supuesto <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>registro <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>ingresos <span class=\"__1 _8\"></span>fina<span class=\"__1 _8\"></span>ncieros<span class=\"__1 _1bc\"> </span>asociados a <span class=\"__1 _70\"></span>la <span class=\"__1 _70\"></span>actualizaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>financiera <span class=\"__1 _5\"></span>del <span class=\"__1 _70\"></span>sald<span class=\"__1 _6\"></span>o <span class=\"__1 _70\"></span>a <span class=\"__1 _5\"></span>cobrar en <span class=\"__1 _70\"></span>2023 <span class=\"__1 _5\"></span>y <span class=\"__1 _70\"></span>20<span class=\"__1 _6\"></span>22 <span class=\"__1 _70\"></span><span class=\"ff6\">por importe <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>1.025 <span class=\"__1 _70\"></span>mi<span class=\"__1 _6\"></span>les <span class=\"__1 _70\"></span>\u20ac <span class=\"ff4 ls16\">y <span class=\"__1 _70\"></span><span class=\"ls0_1\">1.005<span class=\"__1 _1bc\"> </span></span></span></span>miles \u20ac<span class=\"__1 _5\"></span><span class=\"ff4\">, respectivamente (v\u00e9ase Nota <span class=\"__1 _5\"></span>13). Adicionalmente <span class=\"__1 _5\"></span>la variaci\u00f3n de <span class=\"__1 _5\"></span>esta cuenta <span class=\"__1 _5\"></span>en e<span class=\"__1 _5\"></span>l ejercicio <span class=\"__1 _70\"></span>2<span class=\"__1 _6\"></span>023 se<span class=\"__1 _1bc\"> </span></span>corresponde con el cob<span class=\"__1 _6\"></span>ro de <span class=\"ff6\">5.630 m<span class=\"__1 _6\"></span>iles \u20ac.<span class=\"__1 _1bc\"> </span></span>28.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Deuda financiera<span class=\"__1 _1bc\"> </span></span></span>28.1<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Deudas con entidades de cr\u00e9d<span class=\"__1 _5\"></span>ito y mercado de<span class=\"__1 _5\"></span> capitales<span class=\"__1 _1bc\"> </span></span></span>La <span class=\"__1 _5\"></span>composici\u00f3n de <span class=\"__1 _70\"></span>las <span class=\"__1 _5\"></span>deudas <span class=\"__1 _70\"></span>con entidades <span class=\"__1 _5\"></span>de <span class=\"__1 _5\"></span>cr\u00e9dito <span class=\"__1 _5\"></span>al <span class=\"__1 _70\"></span>31 de <span class=\"__1 _70\"></span>diciembre <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>20<span class=\"__1 _6\"></span>23 <span class=\"__1 _5\"></span>y <span class=\"__1 _5\"></span>2022, <span class=\"__1 _70\"></span>corresp<span class=\"__1 _6\"></span>ondientes<span class=\"__1 _1bc\"> </span>a pr\u00e9stamos y<span class=\"__1 _6\"></span> l\u00edneas de descuento, clas<span class=\"__1 _6\"></span>ificadas de <span class=\"__1 _6\"></span>acuerdo con s<span class=\"__1 _6\"></span>us vencimientos, es la<span class=\"__1 _6\"></span> siguiente:<span class=\"__1 _1bc\"> </span>2023<span class=\"__1 _1bc\"> </span>Cor<span class=\"__1 _6\"></span>to pl<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>zo<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es d<span class=\"__1 _6\"></span>e E<span class=\"__1 _70\"></span>u<span class=\"__1 _6\"></span>ro<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>L\u00edm<span class=\"__1 _70\"></span>i<span class=\"__1 _8\"></span>te<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>do<span class=\"__1 _1bc\"> </span>Di<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>pues<span class=\"__1 _6\"></span>to<span class=\"__1 _1bc\"> </span>2024<span class=\"__1 _1f\"> </span>2025<span class=\"__1 _fb\"> </span>2026<span class=\"__1 _103\"> </span>2027<span class=\"__1 _153\"> </span><span class=\"ls0_1\">Si<span class=\"__1 _8\"></span>gui<span class=\"__1 _6\"></span>ente<span class=\"__1 _70\"></span>s<span class=\"__1 _1bc\"> </span></span>Tot<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span> Lar<span class=\"__1 _6\"></span>go<span class=\"__1 _1bc\"> </span>Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>zo<span class=\"__1 _1bc\"> </span>Deuda<span class=\"__1 _6\"></span> fi<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>era<span class=\"__1 _6\"></span> Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o CEL<span class=\"__1 _5\"></span>UL<span class=\"__1 _70\"></span>O<span class=\"__1 _6\"></span>SA -<span class=\"__1 _1bc\"> </span>Obl<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ga<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> em<span class=\"__1 _5\"></span>i<span class=\"__1 _6\"></span>ti<span class=\"__1 _8\"></span>da<span class=\"__1 _6\"></span>s           53<span class=\"__1 _6\"></span>.047<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>           53<span class=\"__1 _6\"></span>.04<span class=\"__1 _6\"></span>7 <span class=\"__1 _cd\"> </span>           5<span class=\"__1 _6\"></span>3.04<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span> <span class=\"__1 _178\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _150\"> </span>                     - L\u00edne<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span> de cr<span class=\"__1 _6\"></span>\u00e9<span class=\"__1 _5\"></span>di<span class=\"__1 _8\"></span>to \u2013<span class=\"__1 _70\"></span> r<span class=\"__1 _6\"></span>evol<span class=\"__1 _8\"></span>vi<span class=\"__1 _6\"></span>ng         13<span class=\"__1 _6\"></span>0.00<span class=\"__1 _6\"></span>0 <span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _c4\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _150\"> </span>                     - Pr<span class=\"__1 _6\"></span>\u00e9s<span class=\"__1 _6\"></span>tamos<span class=\"__1 _6\"></span> b<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>os         39<span class=\"__1 _6\"></span>0.50<span class=\"__1 _6\"></span>0 <span class=\"__1 _c9\"> </span>         3<span class=\"__1 _6\"></span>60<span class=\"__1 _6\"></span>.500<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>           82<span class=\"__1 _6\"></span>.44<span class=\"__1 _6\"></span>4 <span class=\"__1 _bd\"> </span>           7<span class=\"__1 _6\"></span>5.61<span class=\"__1 _6\"></span>0 <span class=\"__1 _cd\"> </span>           7<span class=\"__1 _6\"></span>8.82<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>           67<span class=\"__1 _6\"></span>.301<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>           5<span class=\"__1 _6\"></span>6.31<span class=\"__1 _6\"></span>6 <span class=\"__1 _c9\"> </span>         27<span class=\"__1 _6\"></span>8.05<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span>Cos<span class=\"__1 _6\"></span>tes <span class=\"__1 _6\"></span>de e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>truc<span class=\"__1 _6\"></span>tura<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3n                     -   <span class=\"__1 _bf\"></span>               (90<span class=\"__1 _6\"></span>2)<span class=\"__1 _cd\"> </span>               (2<span class=\"__1 _6\"></span>85<span class=\"__1 _6\"></span>)<span class=\"__1 _bd\"> </span>               (26<span class=\"__1 _6\"></span>1)<span class=\"__1 _cd\"> </span>               (1<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>4)<span class=\"__1 _cd\"> </span>               (1<span class=\"__1 _6\"></span>06<span class=\"__1 _6\"></span>)<span class=\"__1 _150\"> </span>                  (6<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>               (61<span class=\"__1 _6\"></span>6)<span class=\"__1 _1bc\"> </span>Deuda<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> po<span class=\"__1 _6\"></span>r i<span class=\"__1 _8\"></span>ntere<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>, cu<span class=\"__1 _6\"></span>p\u00f3n y<span class=\"__1 _6\"></span> otros                     -   <span class=\"__1 _70\"></span>              2<span class=\"__1 _6\"></span>.303<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>              2<span class=\"__1 _6\"></span>.303<span class=\"__1 _6\"></span> <span class=\"__1 _178\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -          57<span class=\"__1 _6\"></span>3.54<span class=\"__1 _6\"></span>7 <span class=\"__1 _c9\"> </span>         41<span class=\"__1 _6\"></span>4.94<span class=\"__1 _6\"></span>8 <span class=\"__1 _c9\"> </span>         13<span class=\"__1 _6\"></span>7.50<span class=\"__1 _6\"></span>9 <span class=\"__1 _b7\"> </span>           75.34<span class=\"__1 _6\"></span>9 <span class=\"__1 _cd\"> </span>           7<span class=\"__1 _6\"></span>8.64<span class=\"__1 _6\"></span>5 <span class=\"__1 _cd\"> </span>           6<span class=\"__1 _6\"></span>7.19<span class=\"__1 _6\"></span>5 <span class=\"__1 _cd\"> </span>           5<span class=\"__1 _6\"></span>6.25<span class=\"__1 _6\"></span>1 <span class=\"__1 _cd\"> </span>         2<span class=\"__1 _6\"></span>77<span class=\"__1 _6\"></span>.440<span class=\"__1 _1bc\"> </span>Deuda<span class=\"__1 _6\"></span> fi<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>era<span class=\"__1 _6\"></span> Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o REN<span class=\"__1 _5\"></span>OVA<span class=\"__1 _5\"></span>BL<span class=\"__1 _5\"></span>ES -<span class=\"__1 _1bc\"> </span>Obl<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ga<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> em<span class=\"__1 _5\"></span>i<span class=\"__1 _6\"></span>ti<span class=\"__1 _8\"></span>da<span class=\"__1 _6\"></span>s           79<span class=\"__1 _6\"></span>.000<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>           79<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>0 <span class=\"__1 _cc\"> </span>                     -   <span class=\"__1 _c5\"> </span>           79.00<span class=\"__1 _6\"></span>0 <span class=\"__1 _cc\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _cb\"> </span>           7<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>.000<span class=\"__1 _1bc\"> </span>L\u00edne<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span> de cr<span class=\"__1 _6\"></span>\u00e9<span class=\"__1 _5\"></span>di<span class=\"__1 _8\"></span>to \u2013<span class=\"__1 _70\"></span> r<span class=\"__1 _6\"></span>evol<span class=\"__1 _8\"></span>vi<span class=\"__1 _6\"></span>ng           20<span class=\"__1 _6\"></span>.000<span class=\"__1 _6\"></span> <span class=\"__1 _cc\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _145\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _d1\"> </span>                     - Pr<span class=\"__1 _6\"></span>\u00e9s<span class=\"__1 _6\"></span>tamos<span class=\"__1 _6\"></span> b<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>os           43<span class=\"__1 _6\"></span>.983<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>           43<span class=\"__1 _6\"></span>.98<span class=\"__1 _6\"></span>3 <span class=\"__1 _c1\"> </span>           33.73<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span> <span class=\"__1 _b7\"> </span>           1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.250<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _c9\"> </span>           10.25<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span>Cos<span class=\"__1 _6\"></span>tes <span class=\"__1 _6\"></span>de e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>truc<span class=\"__1 _6\"></span>tura<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3n                     -   <span class=\"__1 _4\"> </span>               (515<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>               (18<span class=\"__1 _6\"></span>0)<span class=\"__1 _bd\"> </span>               (33<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>)<span class=\"__1 _cc\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -                   (3<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>5)<span class=\"__1 _1bc\"> </span>Deuda<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> po<span class=\"__1 _6\"></span>r i<span class=\"__1 _8\"></span>ntere<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>, cu<span class=\"__1 _6\"></span>p\u00f3n y<span class=\"__1 _6\"></span> otros                     -                       48<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                   48<span class=\"__1 _6\"></span> <span class=\"__1 _a8\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _d1\"> </span>                     - 14<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.983<span class=\"__1 _ab\"> </span>12<span class=\"__1 _6\"></span>2.51<span class=\"__1 _6\"></span>6<span class=\"__1 _125\"> </span>3<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.601<span class=\"__1 _16\"> </span>88<span class=\"__1 _6\"></span>.915<span class=\"__1 _aa\"> </span><span class=\"ff4 ls7b\">                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _bf\"></span><span class=\"ff3_1\">           88<span class=\"__1 _6\"></span>.915<span class=\"__1 _1bc\"> </span></span></span>71<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.530<span class=\"__1 _ab\"> </span>53<span class=\"__1 _6\"></span>7.46<span class=\"__1 _6\"></span>4<span class=\"__1 _20\"> </span>1<span class=\"__1 _6\"></span>71<span class=\"__1 _6\"></span>.11<span class=\"__1 _6\"></span>0<span class=\"__1 _10c\"> </span>16<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>.264<span class=\"__1 _80\"> </span>78<span class=\"__1 _6\"></span>.64<span class=\"__1 _6\"></span>5<span class=\"__1 _125\"> </span>6<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>19<span class=\"__1 _6\"></span>5<span class=\"__1 _80\"> </span>56<span class=\"__1 _6\"></span>.251<span class=\"__1 _ab\"> </span>36<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.355<span class=\"__1 _1bc\"> </span>Ve<span class=\"__1 _70\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>mi<span class=\"__1 _6\"></span>ent<span class=\"__1 _5\"></span>o en e<span class=\"__1 _5\"></span>l<span class=\"__1 _6\"></span> a<span class=\"__1 _8\"></span>\u00f1o<span class=\"__1 _1bc\"> </span><div class=\"c_1 w2_1 h58 gs17e\"><div class=\"t_1 m0_1 x4d h8_1 y6aa ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x69 h8_1 ye1a ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Cada <span class=\"__1 _8\"></span>negocio <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>financia <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>forma <span class=\"__1 _8\"></span>independiente <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>otro.<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>No <span class=\"__1 _8\"></span>hay <span class=\"__1 _8\"></span>recurso <span class=\"__1 _8\"></span>o <span class=\"__1 _8\"></span>gara<span class=\"__1 _6\"></span>nt\u00edas <span class=\"__1 _8\"></span>significativas <span class=\"__1 _8\"></span>entre<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 y191 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ambos.<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 y5da ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Los <span class=\"__1 _8\"></span>pagos<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>intereses <span class=\"__1 _8\"></span>previstos <span class=\"__1 _4\"></span>a <span class=\"__1 _8\"></span>futuro <span class=\"__1 _8\"></span><span class=\"ff6\">asociad<span class=\"__1 _6\"></span>os <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>\u201cDeudas <span class=\"__1 _8\"></span>con <span class=\"__1 _8\"></span>entidades<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>cr\u00e9dito <span class=\"__1 _8\"></span>y<span class=\"__1 _6\"></span></span> <span class=\"__1 _8\"></span>mercado <span class=\"__1 _8\"></span>de<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x69 h8_1 y5db ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">capitales\u201d <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c8\"></span>\u201cOtros <span class=\"__1 _c8\"></span>pasivos <span class=\"__1 _c8\"></span>financieros <span class=\"__1 _c8\"> </span>\u2013<span class=\"ff4\"> <span class=\"__1 _c8\"> </span></span>financiaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>organ<span class=\"__1 _6\"></span>ismos <span class=\"__1 _c8\"></span>p\u00fablicos\u201d, <span class=\"__1 _c8\"> </span>considerando <span class=\"__1 _c6\"> </span><span class=\"ff4\">los <span class=\"__1 _c8\"> </span>niveles <span class=\"__1 _c8\"> </span>de<span class=\"__1 _1bc\"> </span></span><span class=\"ff4\"> </span></div><div class=\"t_1 m0_1 x69 h8_1 ye1b ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">endeudamiento <span class=\"__1 _c8\"> </span>y<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>tipos <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>in<span class=\"__1 _6\"></span>ter\u00e9s <span class=\"__1 _c8\"> </span>actuales<span class=\"__1 _6\"></span>, <span class=\"__1 _c8\"> </span>se <span class=\"__1 _c8\"> </span>situ<span class=\"__1 _6\"></span>ar\u00e1n <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c8\"> </span>el <span class=\"__1 _c8\"> </span>entorn<span class=\"__1 _6\"></span>o <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>los <span class=\"__1 _c8\"> </span>15<span class=\"__1 _6\"></span>-<span class=\"ff6\">18 <span class=\"__1 _c8\"> </span>millones <span class=\"__1 _c8\"> </span>\u20ac <span class=\"__1 _c6\"> </span></span>en <span class=\"__1 _c8\"> </span>ENCE<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 ye1c ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Celulosa y en el entorn<span class=\"__1 _6\"></span>o de los 6 <span class=\"__1 _6\"></span>- 8 <span class=\"ff6\">millones \u20ac</span> en EN<span class=\"__1 _6\"></span>CE Renovab<span class=\"__1 _6\"></span>les.<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 y5de ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"__1 _c8\"> </span>coste <span class=\"__1 _c8\"> </span>medio <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"></span>la <span class=\"__1 _c8\"></span>deuda <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>E<span class=\"__1 _6\"></span>NCE <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c8\"> </span>2023 <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c8\"> </span>2022 <span class=\"__1 _c8\"> </span>h<span class=\"__1 _6\"></span>a <span class=\"__1 _c8\"> </span>sido <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _c8\"></span>4,64% <span class=\"__1 _c8\"></span>y <span class=\"__1 _c8\"> </span>2,13%, <span class=\"__1 _c8\"> </span>respectivamente. <span class=\"__1 _c8\"> </span>Por<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x69 h8_1 y5df ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">negocios, ENCE<span class=\"__1 _6\"></span> Celulosa ha t<span class=\"__1 _6\"></span>enido u<span class=\"__1 _6\"></span>n coste medio<span class=\"__1 _6\"></span> en dicho<span class=\"__1 _6\"></span>s periodos<span class=\"__1 _6\"></span> del 4,68% y 1,5<span class=\"__1 _6\"></span>5%, respectiva<span class=\"__1 _8\"></span>mente,<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 ye1d ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">y el ENCE Renov<span class=\"__1 _6\"></span>ables del 4,51% y 4,03%, respectivam<span class=\"__1 _6\"></span>ente.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x69 h8_1 y5e1 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Al <span class=\"__1 _4\"></span>31 <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>diciembre <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>2023 <span class=\"__1 _4\"></span>ENCE <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>las <span class=\"__1 _4\"></span>empresas <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>Grupo <span class=\"__1 _4\"></span>cumplen <span class=\"__1 _4\"></span>\u00edntegramente <span class=\"__1 _4\"></span>con <span class=\"__1 _4\"></span>sus <span class=\"__1 _4\"></span>obligaciones<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 ye1e ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">financieras <span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>cualquier <span class=\"__1 _6\"></span>otro <span class=\"__1 _6\"></span>tipo<span class=\"__1 _6\"></span>, <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>pudieran <span class=\"__1 _6\"></span>dar <span class=\"__1 _6\"></span>lugar <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>vencimiento <span class=\"__1 _6\"></span>anticipado <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>su<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>comp<span class=\"__1 _6\"></span>romisos<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 ye1f ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">financieros.  </div><div class=\"t_1 m0_1 x69 h8_1 y5e4 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">La <span class=\"__1 _c9\"> </span>financiaci\u00f3n <span class=\"__1 _c9\"> </span>de <span class=\"__1 _c9\"> </span>ENCE <span class=\"__1 _c9\"> </span>no <span class=\"__1 _cb\"> </span>est\u00e1 <span class=\"__1 _c9\"> </span>sujeta <span class=\"__1 _c9\"> </span>a <span class=\"__1 _c9\"> </span>ning\u00fan <span class=\"__1 _c9\"> </span>tipo <span class=\"__1 _cb\"> </span>de <span class=\"__1 _c9\"> </span>cl\u00e1usula <span class=\"__1 _c9\"> </span>que <span class=\"__1 _c9\"> </span>implique <span class=\"__1 _c9\"> </span>su <span class=\"__1 _c9\"> </span>modificaci\u00f3n <span class=\"__1 _cb\"> </span>o<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 y5e5 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">renegociaci\u00f3n como cons<span class=\"__1 _6\"></span>ecuencia de un<span class=\"__1 _6\"></span>a variaci\u00f3n en la ca<span class=\"__1 _6\"></span>lificaci\u00f3n crediticia.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x69 h69 ye20 ff3_1 fs0_1 fc3 sc0_1 ls0_1 ws0_1\">Endeuda<span class=\"__1 _5\"></span>miento ENCE Celulosa<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h9_1 ycd4 ff3_1 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Bono convertible y l\u00ednea <span class=\"__1 _6\"></span>de cr\u00e9d<span class=\"__1 _6\"></span>ito revolving<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 ye21 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"__1 _5\"></span>5 <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>marzo de <span class=\"__1 _70\"></span>2018 ENCE <span class=\"__1 _5\"></span>complet\u00f3 <span class=\"__1 _70\"></span>el proceso <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>colocac<span class=\"__1 _6\"></span>i\u00f3n, entre <span class=\"__1 _70\"></span>invers<span class=\"__1 _6\"></span>ores <span class=\"__1 _5\"></span>institucionales cualificados,<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 ye22 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de una emisi\u00f3n d<span class=\"__1 _6\"></span>e bonos convertibles en a<span class=\"__1 _6\"></span>cciones ordinarias<span class=\"__1 _6\"></span> por importe de 160 millon<span class=\"__1 _6\"></span>es de euros<span class=\"__1 _6\"></span>. <span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x69 h8_1 ye23 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Los principales<span class=\"__1 _6\"></span> t\u00e9rminos y condiciones d<span class=\"__1 _6\"></span>e la emisi\u00f3n eran lo<span class=\"__1 _6\"></span>s siguientes:<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x69 h8_1 ye24 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div></div><div class=\"c_1 w1a7 h262 gs17f\"><div class=\"t_1 m45 x9 h263 ye26 ff3_1 fs55 fc0_1 sc0_1 ls7c ws0_1\">2022<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w1a7 h264 gs180\"><div class=\"t_1 m45 x60 h265 ye28 ff4 fs55 fc0_1 sc0_1 ls0_1 ws0_1\">Cor<span class=\"__1 _6\"></span>to pl<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>zo<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w1a7 h262 gs17f\"><div class=\"t_1 m45 x9 h265 ye29 ff4 fs55 fc0_1 sc0_1 ls0_1 ws0_1\">Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de E<span class=\"__1 _5\"></span>ur<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w1a8 h264 gs181\"><div class=\"t_1 m45 xa2 h265 ye2b ff4 fs55 fc0_1 sc0_1 ls0_1 ws0_1\">L\u00edm<span class=\"__1 _70\"></span>i<span class=\"__1 _8\"></span>te<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w1a9 h266 gs182\"><div class=\"t_1 m45 x38 h265 ye2d ff4 fs55 fc0_1 sc0_1 ls0_1 ws0_1\">Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>do<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m45 x76 h265 ye2e ff4 fs55 fc0_1 sc0_1 ls0_1 ws0_1\">Di<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>pu<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span>to<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w1a8 h264 gs181\"><div class=\"t_1 m45 x95 h265 ye2f ff4 fs55 fc0_1 sc0_1 ls7c ws0_1\">2023<span class=\"__1 _f\"> </span>2024<span class=\"__1 _97\"> </span>2025<span class=\"__1 _4d\"> </span>2026<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w1a9 h266 gs183\"><div class=\"t_1 m45 xa h265 ye30 ff4 fs55 fc0_1 sc0_1 ls0_1 ws0_1\">Tot<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span> Lar<span class=\"__1 _6\"></span>go<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m45 x38 h265 ye31 ff4 fs55 fc0_1 sc0_1 ls0_1 ws0_1\">Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>zo<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w1a7 h262 gs17f\"><div class=\"t_1 m45 x9 h265 ye32 ff4 fs55 fc0_1 sc0_1 ls0_1 ws0_1\">De<span class=\"__1 _5\"></span>uda<span class=\"__1 _8\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>era<span class=\"__1 _6\"></span> Ne<span class=\"__1 _5\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span> CEL<span class=\"__1 _70\"></span>ULOSA<span class=\"__1 _5\"></span> -<span class=\"__1 _1bc\"> </span></div><div class=\"t_1 m45 x21 h265 ye33 ff4 fs55 fc0_1 sc0_1 ls0_1 ws0_1\">Ob<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ga<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span> em<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>ti<span class=\"__1 _6\"></span>da<span class=\"__1 _6\"></span>s</div></div><div class=\"c_1 w1aa h267 gs184\"><div class=\"t_1 m45 x94 h265 ye35 ff4 fs55 fc0_1 sc0_1 ls7d ws0_1\">           63<span class=\"__1 _6\"></span>.300<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>           6<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.300<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>           6<span class=\"__1 _6\"></span>3.30<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _15d\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   </div></div><div class=\"c_1 w1a7 h262 gs17f\"><div class=\"t_1 m45 x21 h265 ye36 ff6 fs55 fc0_1 sc0_1 ls0_1 ws0_1\">L\u00edne<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span> de cr<span class=\"__1 _6\"></span>\u00e9<span class=\"__1 _5\"></span>di<span class=\"__1 _8\"></span>to \u2013<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>revol<span class=\"__1 _8\"></span>vi<span class=\"__1 _8\"></span>ng</div></div><div class=\"c_1 w1aa h267 gs185\"><div class=\"t_1 m45 x94 h265 ye38 ff4 fs55 fc0_1 sc0_1 ls7d ws0_1\">         13<span class=\"__1 _6\"></span>0.00<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _bd\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   </div></div><div class=\"c_1 w1a7 h262 gs17f\"><div class=\"t_1 m45 x21 h265 ye39 ff4 fs55 fc0_1 sc0_1 ls0_1 ws0_1\">Pr<span class=\"__1 _6\"></span>\u00e9s<span class=\"__1 _6\"></span>tamos<span class=\"__1 _8\"></span> ba<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>ri<span class=\"__1 _8\"></span>os</div></div><div class=\"c_1 w1aa h267 gs186\"><div class=\"t_1 m45 x94 h265 ye38 ff4 fs55 fc0_1 sc0_1 ls7d ws0_1\">           95<span class=\"__1 _6\"></span>.000<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>           9<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.000<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>              7.50<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _a8\"> </span>           28<span class=\"__1 _6\"></span>.41<span class=\"__1 _6\"></span>4 <span class=\"__1 _ce\"> </span>           4<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.981<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>           1<span class=\"__1 _6\"></span>5.10<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>           87<span class=\"__1 _6\"></span>.50<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span> </div></div><div class=\"c_1 w1a7 h262 gs17f\"><div class=\"t_1 m45 x21 h265 ye3b ff4 fs55 fc0_1 sc0_1 ls0_1 ws0_1\">Cos<span class=\"__1 _8\"></span>te<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> de e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>truc<span class=\"__1 _6\"></span>tura<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3n</div></div><div class=\"c_1 w1ab h268 gs187\"><div class=\"t_1 m45 x93 h265 ye35 ff4 fs55 fc0_1 sc0_1 ls7d ws0_1\">                     -   <span class=\"__1 _bf\"></span>               (53<span class=\"__1 _6\"></span>9)<span class=\"__1 _b5\"> </span>                     -   <span class=\"__1 _aa\"> </span>               (30<span class=\"__1 _6\"></span>9)<span class=\"__1 _cf\"> </span>               (15<span class=\"__1 _6\"></span>4)<span class=\"__1 _cb\"> </span>                  (7<span class=\"__1 _6\"></span>6)<span class=\"__1 _cf\"> </span>               (53<span class=\"__1 _6\"></span>9)<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w1a7 h262 gs17f\"><div class=\"t_1 m45 x21 h265 ye3d ff4 fs55 fc0_1 sc0_1 ls0_1 ws0_1\">De<span class=\"__1 _5\"></span>uda<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> p<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>nte<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>, cup<span class=\"__1 _6\"></span>\u00f3n y o<span class=\"__1 _6\"></span>tros</div></div><div class=\"c_1 w1ab h267 gs188\"><div class=\"t_1 m45 x93 h265 ye38 ff4 fs55 fc0_1 sc0_1 ls7d ws0_1\">                     -   <span class=\"__1 _70\"></span>              1<span class=\"__1 _6\"></span>.186<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>              1.18<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span> <span class=\"__1 _15d\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   </div></div><div class=\"c_1 w1ab h267 gs189\"><div class=\"t_1 m45 xf8 h263 ye38 ff3_1 fs55 fc0_1 sc0_1 ls7d ws0_1\">         28<span class=\"__1 _6\"></span>8.30<span class=\"__1 _6\"></span>0 <span class=\"__1 _cd\"> </span>         15<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>94<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>           7<span class=\"__1 _6\"></span>1.98<span class=\"__1 _6\"></span>6 <span class=\"__1 _a8\"> </span>           2<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>10<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>           43<span class=\"__1 _6\"></span>.827<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>           1<span class=\"__1 _6\"></span>5.02<span class=\"__1 _6\"></span>9 <span class=\"__1 _ce\"> </span>           8<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>96<span class=\"__1 _6\"></span>1<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> </div></div><div class=\"c_1 w1ac h268 gs18a\"><div class=\"t_1 m45 x9 h265 ye41 ff4 fs55 fc0_1 sc0_1 ls0_1 ws0_1\">De<span class=\"__1 _5\"></span>uda<span class=\"__1 _8\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>era<span class=\"__1 _6\"></span> Ne<span class=\"__1 _5\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span> EN<span class=\"__1 _70\"></span>ERGIA RE<span class=\"__1 _5\"></span>NOVA<span class=\"__1 _70\"></span>BLE<span class=\"__1 _70\"></span> -<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w1a7 h262 gs17f\"><div class=\"t_1 m45 x21 h265 ye42 ff4 fs55 fc0_1 sc0_1 ls0_1 ws0_1\">Ob<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ga<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span> em<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>ti<span class=\"__1 _6\"></span>da<span class=\"__1 _6\"></span>s</div></div><div class=\"c_1 w1ac h267 gs18b\"><div class=\"t_1 m45 xf8 h265 ye38 ff4 fs55 fc0_1 sc0_1 ls7d ws0_1\">           79<span class=\"__1 _6\"></span>.000<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>           7<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>.000<span class=\"__1 _6\"></span> <span class=\"__1 _d1\"> </span>                     -   <span class=\"__1 _bd\"> </span>                     -               79<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>0 <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _c9\"> </span>           79<span class=\"__1 _6\"></span>.000<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> </div></div><div class=\"c_1 w1a7 h262 gs17f\"><div class=\"t_1 m45 x21 h265 ye44 ff6 fs55 fc0_1 sc0_1 ls0_1 ws0_1\">L\u00edne<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span> de cr<span class=\"__1 _6\"></span>\u00e9<span class=\"__1 _5\"></span>di<span class=\"__1 _8\"></span>to \u2013<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>revol<span class=\"__1 _8\"></span>vi<span class=\"__1 _8\"></span>ng</div></div><div class=\"c_1 w1ac h267 gs18c\"><div class=\"t_1 m45 xf8 h265 ye38 ff4 fs55 fc0_1 sc0_1 ls7d ws0_1\">           20<span class=\"__1 _6\"></span>.000<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _bd\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   </div></div><div class=\"c_1 w1a7 h262 gs17f\"><div class=\"t_1 m45 x21 h265 ye46 ff4 fs55 fc0_1 sc0_1 ls0_1 ws0_1\">Pr<span class=\"__1 _6\"></span>\u00e9s<span class=\"__1 _6\"></span>tamos<span class=\"__1 _8\"></span> ba<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>ri<span class=\"__1 _8\"></span>os</div></div><div class=\"c_1 w1ad h267 gs18d\"><div class=\"t_1 m45 xf8 h265 ye38 ff4 fs55 fc0_1 sc0_1 ls7d ws0_1\">           71<span class=\"__1 _6\"></span>.050<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>           7<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.050<span class=\"__1 _6\"></span> <span class=\"__1 _179\"> </span>           27<span class=\"__1 _6\"></span>.067<span class=\"__1 _6\"></span> <span class=\"__1 _a8\"> </span>           3<span class=\"__1 _6\"></span>3.73<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>           1<span class=\"__1 _6\"></span>0.25<span class=\"__1 _6\"></span>0 <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _c9\"> </span>           4<span class=\"__1 _6\"></span>3.98<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> </div></div><div class=\"c_1 w1a7 h262 gs17f\"><div class=\"t_1 m45 x21 h265 ye48 ff4 fs55 fc0_1 sc0_1 ls0_1 ws0_1\">Cos<span class=\"__1 _8\"></span>te<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> de e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>truc<span class=\"__1 _6\"></span>tura<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3n</div></div><div class=\"c_1 w1ad h269 gs18e\"><div class=\"t_1 m45 x94 h265 ye4a ff4 fs55 fc0_1 sc0_1 ls7d ws0_1\">                     -   <span class=\"__1 _8\"></span>            (1.09<span class=\"__1 _6\"></span>4)<span class=\"__1 _51\"> </span>                     -   <span class=\"__1 _aa\"> </span>               (949<span class=\"__1 _6\"></span>)<span class=\"__1 _ce\"> </span>               (1<span class=\"__1 _6\"></span>45<span class=\"__1 _6\"></span>)<span class=\"__1 _d1\"> </span>                     -   <span class=\"__1 _4\"> </span>            (1<span class=\"__1 _6\"></span>.094<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w1a7 h262 gs17f\"><div class=\"t_1 m45 x21 h265 ye4b ff4 fs55 fc0_1 sc0_1 ls0_1 ws0_1\">De<span class=\"__1 _5\"></span>uda<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> p<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>nte<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>, cup<span class=\"__1 _6\"></span>\u00f3n y o<span class=\"__1 _6\"></span>tros</div></div><div class=\"c_1 w1ad h267 gs18f\"><div class=\"t_1 m45 x94 h265 ye38 ff4 fs55 fc0_1 sc0_1 ls7d ws0_1\">                     -                       23<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>                   2<span class=\"__1 _6\"></span>3 <span class=\"__1 _106\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   </div></div><div class=\"c_1 w1ae h268 gs190\"><div class=\"t_1 m45 x66 h263 ye4e ff3_1 fs55 fc0_1 sc0_1 ls0_1 ws0_1\">17<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.050<span class=\"__1 _49\"> </span>1<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>97<span class=\"__1 _6\"></span>9<span class=\"__1 _117\"> </span>2<span class=\"__1 _6\"></span>7.09<span class=\"__1 _6\"></span>0<span class=\"__1 _99\"> </span>3<span class=\"__1 _6\"></span>2.78<span class=\"__1 _6\"></span>4<span class=\"__1 _117\"> </span>89<span class=\"__1 _6\"></span>.10<span class=\"__1 _6\"></span>5<span class=\"__1 _c1\"> </span><span class=\"ff4 ls7d\">                     -   <span class=\"__1 _33\"> </span></span>12<span class=\"__1 _6\"></span>1.88<span class=\"__1 _6\"></span>9<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w1ae h267 gs191\"><div class=\"t_1 m45 x66 h263 ye50 ff3_1 fs55 fc0_1 sc0_1 ls0_1 ws0_1\">45<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.350<span class=\"__1 _49\"> </span>3<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>92<span class=\"__1 _6\"></span>6<span class=\"__1 _117\"> </span>9<span class=\"__1 _6\"></span>9.07<span class=\"__1 _6\"></span>6<span class=\"__1 _99\"> </span>6<span class=\"__1 _6\"></span>0.88<span class=\"__1 _6\"></span>9<span class=\"__1 _49\"> </span>1<span class=\"__1 _6\"></span>32<span class=\"__1 _6\"></span>.93<span class=\"__1 _6\"></span>2<span class=\"__1 _117\"> </span>15<span class=\"__1 _6\"></span>.02<span class=\"__1 _6\"></span>9<span class=\"__1 _49\"> </span>20<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.850<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w1af h26a gs192\"><div class=\"t_1 m45 x146 h265 ye52 ff4 fs55 fc0_1 sc0_1 ls0_1 ws0_1\">Ve<span class=\"__1 _70\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>mi<span class=\"__1 _6\"></span>ent<span class=\"__1 _5\"></span>o en e<span class=\"__1 _5\"></span>l<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>\u00f1o<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w2_1 h58 gs194\"><div class=\"t_1 m0_1 x13f h8_1 ye54 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x69 h8_1 ye55 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">En marzo de 2023 ENCE ha procedido a la <span class=\"__1 _5\"></span>amortizaci\u00f3n ordin<span class=\"__1 _6\"></span>aria total de las obligaciones a su vencimiento<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x59 h8_1 y482 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Por <span class=\"__1 _4\"></span>otra <span class=\"__1 _4\"></span>p<span class=\"__1 _6\"></span>arte, <span class=\"__1 _c8\"></span>ENCE <span class=\"__1 _4\"></span>mantiene <span class=\"__1 _4\"></span>con<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>un <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>indicato <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>ban<span class=\"__1 _6\"></span>cos <span class=\"__1 _4\"></span>nacionales<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>e <span class=\"__1 _4\"></span>internacionales <span class=\"__1 _c8\"></span>un <span class=\"__1 _4\"></span>contrato <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x59 h8_1 y483 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">cr\u00e9dito (revolving credit facility)<span class=\"__1 _6\"></span> por importe de 130 millones de euros y vencimiento en <span class=\"__1 _5\"></span>2026. Esta l\u00ednea de<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x59 h8_1 y88d ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">cr\u00e9dito <span class=\"__1 _c6\"> </span>devenga <span class=\"__1 _c6\"> </span>un <span class=\"__1 _c6\"> </span>tip<span class=\"__1 _6\"></span>o <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>inter\u00e9s <span class=\"__1 _c6\"> </span>referenciado <span class=\"__1 _c6\"> </span>al <span class=\"__1 _c6\"> </span>Eu<span class=\"__1 _6\"></span>ribor. <span class=\"__1 _c6\"> </span>El <span class=\"__1 _c6\"> </span>tipo <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>inter\u00e9s <span class=\"__1 _ca\"> </span>establecido <span class=\"__1 _c6\"> </span>podr\u00e1 <span class=\"__1 _c6\"> </span>v<span class=\"__1 _6\"></span>erse<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x59 h8_1 y88e ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">modificado <span class=\"__1 _ca\"> </span>anualmente  en <span class=\"__1 _c6\"> </span>2<span class=\"__1 _6\"></span>5 <span class=\"__1 _ca\"> </span>puntos  b\u00e1sicos  en <span class=\"__1 _c6\"> </span>funci\u00f3n  del <span class=\"__1 _c6\"> </span>rating  de <span class=\"__1 _c6\"> </span>sostenibilidad  medioambiental<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x59 h8_1 y486 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Sustainalytics obtenido por <span class=\"__1 _70\"></span>ENCE, que eval\u00faa <span class=\"__1 _70\"></span>dicha deuda <span class=\"__1 _5\"></span>como \u201cfinanciaci\u00f3n verde\u201d.<span class=\"ff4\"> Esta f<span class=\"__1 _5\"></span>inanciaci\u00f3n est\u00e1<span class=\"__1 _1bc\"> </span></span><span class=\"ff4\"> </span></div><div class=\"t_1 m0_1 x59 h8_1 y487 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">en su totalida<span class=\"__1 _6\"></span>d disponible al 31 <span class=\"__1 _6\"></span>de diciembre de 2023.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x59 h9_1 ye56 ff3_1 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Pr\u00e9stamos<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 ye57 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Durante <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>ejercicio <span class=\"__1 _8\"></span>2023 <span class=\"__1 _8\"></span>ENCE <span class=\"__1 _8\"></span>ha <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>uscrito <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>iversos <span class=\"__1 _8\"></span>pr\u00e9stamos <span class=\"__1 _6\"></span>po<span class=\"__1 _6\"></span>r <span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>n <span class=\"__1 _8\"></span><span class=\"ff6\">importe <span class=\"__1 _8\"></span>total <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>273 <span class=\"__1 _8\"></span>millones <span class=\"__1 _8\"></span>\u20ac. <span class=\"__1 _6\"></span>De<span class=\"__1 _1bc\"> </span></span><span class=\"ff6\"> </span></div><div class=\"t_1 m0_1 x69 h8_1 ye58 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">este <span class=\"__1 _6\"></span>modo<span class=\"__1 _6\"></span>, <span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>l <span class=\"__1 _8\"></span>31 <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>iciembre <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>2023, <span class=\"__1 _8\"></span><span class=\"ff6\">y <span class=\"__1 _8\"></span>tras <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>amortiza<span class=\"__1 _6\"></span>ci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>7,5 <span class=\"__1 _6\"></span>millon<span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>\u20ac, <span class=\"__1 _4\"></span></span>ENCE <span class=\"__1 _8\"></span>mantiene <span class=\"__1 _8\"></span>suscritos<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 ye59 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">pr\u00e9stamos <span class=\"__1 _c8\"> </span>por <span class=\"__1 _c8\"> </span>un <span class=\"__1 _c8\"> </span>importe <span class=\"__1 _c8\"></span>conjunto <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"> </span>360,5 <span class=\"__1 _c8\"> </span>millones <span class=\"__1 _c8\"> </span><span class=\"ff6 ls12\">\u20ac <span class=\"__1 _c8\"></span></span>y <span class=\"__1 _c8\"></span>vencimientos <span class=\"__1 _c8\"></span>en <span class=\"__1 _4\"></span>202<span class=\"__1 _6\"></span>4-2030 <span class=\"__1 _c8\"> </span>(95 <span class=\"__1 _c8\"></span>millones <span class=\"__1 _c8\"> </span><span class=\"ff6 ls12\">\u20ac <span class=\"__1 _c8\"> </span></span><span class=\"ls16\">y<span class=\"__1 _1bc\"> </span></span><span class=\"ls16\"> </span></div><div class=\"t_1 m0_1 x69 h8_1 ye5a ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">vencimientos en 202<span class=\"__1 _6\"></span>3-<span class=\"ls5c\">20</span>26 al 31 de diciembre de 2022)<span class=\"__1 _6\"></span><span class=\"ls17\">. </span> </div><div class=\"t_1 m0_1 x69 h8_1 ye5b ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Una <span class=\"__1 _6\"></span>parte <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>pr\u00e9stamos <span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>on <span class=\"__1 _6\"></span>un <span class=\"__1 _8\"></span>nominal <span class=\"__1 _6\"></span>de <span class=\"__1 _4\"></span>29,5 <span class=\"__1 _6\"></span>millones <span class=\"__1 _8\"></span><span class=\"ff6 ls12\">\u20ac <span class=\"__1 _6\"></span></span>devenga <span class=\"__1 _8\"></span>un <span class=\"__1 _6\"></span>tipo <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>in<span class=\"__1 _6\"></span>ter\u00e9s <span class=\"__1 _6\"></span>fijo <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>rango<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x69 h8_1 y1bb ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">1,95%-4,6%. <span class=\"__1 _cb\"> </span>El <span class=\"__1 _c9\"> </span>importe <span class=\"__1 _cb\"> </span>restante <span class=\"__1 _cb\"> </span>devenga <span class=\"__1 _c9\"> </span>intereses, <span class=\"__1 _cb\"> </span>principa<span class=\"__1 _6\"></span>lmente <span class=\"__1 _cb\"> </span>referenciados <span class=\"__1 _c9\"> </span>al <span class=\"__1 _cb\"> </span>Euribor <span class=\"__1 _c9\"> </span>m\u00e1s <span class=\"__1 _cb\"> </span>un<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 ye5c ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">diferencial <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>1,35%-2,0%. <span class=\"__1 _8\"></span>El<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>tip<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>inter<span class=\"__1 _6\"></span>\u00e9s <span class=\"__1 _8\"></span>establecido <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>76<span class=\"__1 _6\"></span>% <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>contratos<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>suscritos <span class=\"__1 _8\"></span>podr\u00e1 <span class=\"__1 _8\"></span>verse<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 ye5d ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">modificado  anualmente  en  25 <span class=\"__1 _c6\"> </span>p<span class=\"__1 _6\"></span>untos  b\u00e1sicos  en  funci\u00f3n <span class=\"__1 _ca\"> </span>del  rating <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>e  sostenibilidad  medioambiental<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 ye5e ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Sustainalytics<span class=\"__1 _6\"></span> obtenido por <span class=\"__1 _6\"></span><span class=\"ff6\">ENCE, que eval\u00faa <span class=\"__1 _6\"></span>dicha deuda como \u201c<span class=\"__1 _6\"></span>financiaci\u00f3n verde\u201d.<span class=\"__1 _1bc\"> </span></span><span class=\"ff6\"><span class=\"__1 _6\"></span></span> </div><div class=\"t_1 m0_1 x69 h8_1 ye5f ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Al objeto de cubrir e<span class=\"__1 _5\"></span>l riesgo derivado de <span class=\"__1 _5\"></span>la contrataci\u00f3n de <span class=\"__1 _5\"></span>esta financiaci\u00f3n a tipo de <span class=\"__1 _5\"></span>inter\u00e9s variable, ENCE<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 ye60 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ha suscrito swaps de tipo de <span class=\"__1 _5\"></span>inter\u00e9s que cubren el <span class=\"ls12\">53</span>% de la financiaci\u00f3n dispuesta a tipo <span class=\"__1 _5\"></span>variable, a un tipo<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 ye61 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">fijo medio de 3,32% (v\u00e9ase N<span class=\"__1 _6\"></span>ota 30)<span class=\"__1 _6\"></span>. </div><div class=\"t_1 m0_1 x69 h9_1 y321 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> <span class=\"ff3_1\">Otra financiaci\u00f3n<span class=\"__1 _1bc\"> </span></span><span class=\"ff3_1\"> </span></div><div class=\"t_1 m0_1 x59 h8_1 ycf5 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"__1 _5\"></span>9 <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>octubre de <span class=\"__1 _70\"></span>2023 <span class=\"__1 _5\"></span>ENCE <span class=\"__1 _5\"></span>ha <span class=\"__1 _5\"></span>incorporado un<span class=\"__1 _5\"></span> <span class=\"__1 _5\"></span>programa <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>emisi\u00f3n de <span class=\"__1 _70\"></span>pagar\u00e9s<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>sos<span class=\"__1 _6\"></span>tenibles <span class=\"__1 _70\"></span>en el <span class=\"__1 _70\"></span>Mercado<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x59 h8_1 y637 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Alternativo de <span class=\"__1 _70\"></span>Renta Fija <span class=\"__1 _70\"></span>(MARF) con <span class=\"__1 _70\"></span>un l\u00edmite <span class=\"__1 _70\"></span><span class=\"ff6\">m\u00e1xi<span class=\"__1 _6\"></span>mo <span class=\"__1 _5\"></span>de <span class=\"__1 _5\"></span>200 <span class=\"__1 _5\"></span>millones \u20ac <span class=\"__1 _70\"></span>y vencimie<span class=\"__1 _5\"></span>nto<span class=\"ff4\">s<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>h<span class=\"__1 _6\"></span>asta 24 <span class=\"__1 _70\"></span>meses.<span class=\"__1 _1bc\"> </span></span></span><span class=\"ff6\"><span class=\"ff4\"> </span></span></div><div class=\"t_1 m0_1 x59 h8_1 y638 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El sald<span class=\"__1 _6\"></span>o de <span class=\"__1 _6\"></span>pagar\u00e9s <span class=\"__1 _6\"></span>emitidos <span class=\"__1 _6\"></span>pendientes <span class=\"__1 _6\"></span>de recomp<span class=\"__1 _6\"></span>ra al <span class=\"__1 _6\"></span>31 <span class=\"__1 _6\"></span>de d<span class=\"__1 _6\"></span>iciembre d<span class=\"__1 _6\"></span>e 2023 <span class=\"__1 _6\"></span>ascien<span class=\"__1 _6\"></span>de a <span class=\"__1 _6\"></span>53,4 <span class=\"__1 _6\"></span>millones<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x59 h8_1 y639 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">\u20ac y <span class=\"ff4\">presenta s<span class=\"__1 _6\"></span>u vencimiento en el primer se<span class=\"__1 _6\"></span>mestre de 2024.<span class=\"__1 _1bc\"> </span></span><span class=\"ff4\"><span class=\"__1 _6\"></span> </span></div><div class=\"t_1 m0_1 x1f h69 ye62 ff3_1 fs0_1 fc3 sc0_1 ls0_1 ws0_1\">Financiaci\u00f3n ENCE <span class=\"__1 _5\"></span>Renovab<span class=\"__1 _5\"></span>les<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1f h9_1 ye63 ff3_1 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Financiaci\u00f3n corpo<span class=\"__1 _6\"></span>rativa<span class=\"__1 _1bc\"> </span> </div></div><div class=\"c_1 w1b0 h26c gs195\"><div class=\"t_1 m46 x9 h26d ye65 ff4 fs56 fc0_1 sc0_1 ls0_1 ws0_1\">Im<span class=\"__1 _6\"></span>po<span class=\"__1 _6\"></span>rte de la<span class=\"__1 _6\"></span> Em<span class=\"__1 _6\"></span>isi\u00f3n<span class=\"__1 _57\"> </span><span class=\"ff6\">160.000.000 \u20ac<span class=\"__1 _1bc\"> </span></span></div><div class=\"t_1 m46 x9 h26d ye66 ff4 fs56 fc0_1 sc0_1 ls0_1 ws0_1\">Nomin<span class=\"__1 _6\"></span>al Bo<span class=\"__1 _6\"></span>no<span class=\"__1 _180\"> </span><span class=\"ff6\">100.000 \u20ac<span class=\"__1 _1bc\"> </span></span></div><div class=\"t_1 m46 x9 h26d ye67 ff4 fs56 fc0_1 sc0_1 ls0_1 ws0_1\">Ran<span class=\"__1 _6\"></span>go de la<span class=\"__1 _6\"></span> Deu<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>a<span class=\"__1 _181\"> </span>\"Senio<span class=\"__1 _6\"></span>r\" n<span class=\"__1 _6\"></span>o gar<span class=\"__1 _6\"></span>an<span class=\"__1 _6\"></span>tizad<span class=\"__1 _6\"></span>a<span class=\"__1 _1bc\"> </span></div><div class=\"t_1 m46 x9 h26d ye68 ff4 fs56 fc0_1 sc0_1 ls0_1 ws0_1\">Fecha d<span class=\"__1 _6\"></span>e la em<span class=\"__1 _6\"></span>isi\u00f3<span class=\"__1 _6\"></span>n<span class=\"__1 _182\"> </span>05/03/2018<span class=\"__1 _1bc\"> </span></div><div class=\"t_1 m46 x9 h26d ye69 ff4 fs56 fc0_1 sc0_1 ls0_1 ws0_1\">Fecha d<span class=\"__1 _6\"></span>e vencimien<span class=\"__1 _6\"></span>to<span class=\"__1 _183\"> </span>05/03/2023<span class=\"__1 _1bc\"> </span></div><div class=\"t_1 m46 x9 h26d ye6a ff4 fs56 fc0_1 sc0_1 ls0_1 ws0_1\">Cup<span class=\"__1 _6\"></span>\u00f3<span class=\"__1 _6\"></span>n<span class=\"__1 _17a\"> </span>1,<span class=\"__1 _5\"></span>25%<span class=\"__1 _1bc\"> </span></div><div class=\"t_1 m46 x9 h26d ye6b ff4 fs56 fc0_1 sc0_1 ls0_1 ws0_1\">Tipo<span class=\"__1 _6\"></span> inter\u00e9s<span class=\"__1 _6\"></span> efectivo<span class=\"__1 _64\"> </span>1,5<span class=\"__1 _5\"></span>8%<span class=\"__1 _1bc\"> </span></div><div class=\"t_1 m46 x9 h26d ye6c ff4 fs56 fc0_1 sc0_1 ls0_1 ws0_1\">Precio de con<span class=\"__1 _6\"></span>vers<span class=\"__1 _6\"></span>i\u00f3n<span class=\"__1 _6\"></span> (*)<span class=\"__1 _17b\"> </span>8,<span class=\"__1 _5\"></span>5636<span class=\"__1 _1bc\"> </span></div><div class=\"t_1 m46 x9 h26d ye6d ff4 fs56 fc0_1 sc0_1 ls0_1 ws0_1\">Prima d<span class=\"__1 _6\"></span>e con<span class=\"__1 _6\"></span>vers<span class=\"__1 _6\"></span>i\u00f3n<span class=\"__1 _17c\"> </span><span class=\"ls7e\">40%<span class=\"__1 _1bc\"> </span></span></div><div class=\"t_1 m46 x9 h26d ye6e ff4 fs56 fc0_1 sc0_1 ls0_1 ws0_1\">Ratio d<span class=\"__1 _6\"></span>e conver<span class=\"__1 _6\"></span>si\u00f3<span class=\"__1 _6\"></span>n (<span class=\"__1 _6\"></span>acc / b<span class=\"__1 _6\"></span>on<span class=\"__1 _6\"></span>o)<span class=\"__1 _32\"> </span>11<span class=\"__1 _5\"></span>.677<span class=\"__1 _1bc\"> </span></div><div class=\"t_1 m46 x9 h26d ye6f ff4 fs56 fc0_1 sc0_1 ls0_1 ws0_1\">M\u00e1x<span class=\"__1 _6\"></span>imo<span class=\"__1 _6\"></span> a<span class=\"__1 _6\"></span>cc<span class=\"__1 _5\"></span>ion<span class=\"__1 _6\"></span>es a<span class=\"__1 _6\"></span> emitir (a<span class=\"__1 _6\"></span>cc)<span class=\"__1 _17d\"> </span>18.683.731<span class=\"__1 _1bc\"> </span></div><div class=\"t_1 m46 x9 h26d ye70 ff4 fs56 fc0_1 sc0_1 ls0_1 ws0_1\">Potencial % increm<span class=\"__1 _6\"></span>ento cap<span class=\"__1 _6\"></span>ital so<span class=\"__1 _6\"></span>cial<span class=\"__1 _17e\"> </span>7,<span class=\"__1 _5\"></span>59%<span class=\"__1 _1bc\"> </span></div><div class=\"t_1 m46 x9 h26d ye71 ff4 fs56 fc0_1 sc0_1 ls0_1 ws0_1\">Mercad<span class=\"__1 _6\"></span>o cotiza<span class=\"__1 _6\"></span>ci\u00f3n <span class=\"__1 _21\"> </span>Bolsa<span class=\"__1 _6\"></span> de Fr<span class=\"__1 _6\"></span>an<span class=\"__1 _6\"></span>kfu<span class=\"__1 _6\"></span>rt<span class=\"__1 _1bc\"> </span></div><div class=\"t_1 m46 x9 h26d ye72 ff4 fs56 fc0_1 sc0_1 ls0_1 ws0_1\">ISI<span class=\"__1 _6\"></span>N<span class=\"__1 _17f\"> </span>XS1<span class=\"__1 _5\"></span>7839<span class=\"__1 _5\"></span>32863<span class=\"__1 _1bc\"> </span></div><div class=\"t_1 m46 x9 h26d ye73 ff4 fs56 fc0_1 sc0_1 ls0_1 ws0_1\">Cos<span class=\"__1 _6\"></span>tes de la<span class=\"__1 _6\"></span> em<span class=\"__1 _6\"></span>isi\u00f3n<span class=\"__1 _184\"> </span><span class=\"ff6\">2.075.000 \u20ac<span class=\"__1 _1bc\"> </span></span></div></div><div class=\"c_1 w2_1 h58 gs197\"><div class=\"t_1 m0_1 x1f h8_1 y1ef ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Con <span class=\"__1 _4\"></span>fecha <span class=\"__1 _4\"></span>24 <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>noviembre <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>2017, <span class=\"__1 _4\"></span><span class=\"ff6\">Magnon <span class=\"__1 _4\"></span>Green <span class=\"__1 _4\"></span>Energy, <span class=\"__1 _4\"></span>S.L. <span class=\"__1 _4\"></span>(en <span class=\"__1 _8\"></span>ad<span class=\"__1 _6\"></span>elante <span class=\"__1 _4\"></span>\u201cMAGNON\u201d), <span class=\"__1 _4\"></span>holding <span class=\"__1 _4\"></span>del<span class=\"__1 _1bc\"> </span></span><span class=\"ff6\"><span class=\"__1 _5\"></span> </span></div><div class=\"t_1 m0_1 x1f h8_1 y21b ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">negocio <span class=\"__1 _c8\"> </span>en<span class=\"__1 _6\"></span>erg\u00e9tico <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"> </span>ENCE<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>suscribi\u00f3 <span class=\"__1 _c6\"> </span>con <span class=\"__1 _c6\"> </span>un <span class=\"__1 _c6\"> </span>sindicato <span class=\"__1 _c6\"> </span>formado <span class=\"__1 _c8\"> </span>por <span class=\"__1 _c6\"> </span>doce <span class=\"__1 _c6\"> </span>entidad<span class=\"__1 _6\"></span>es <span class=\"__1 _c8\"> </span>fin<span class=\"__1 _6\"></span>ancieras <span class=\"__1 _c6\"> </span>y <span class=\"__1 _c8\"> </span>un<span class=\"__1 _6\"></span>a<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1f h8_1 y21c ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">compa\u00f1\u00eda de <span class=\"__1 _5\"></span>seguros espa\u00f1ola un <span class=\"__1 _5\"></span>contrato de pr\u00e9stamo <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>enior, estructurado inicialmente <span class=\"__1 _70\"></span>en 4 tramos<span class=\"__1 _6\"></span>, por<span class=\"__1 _1bc\"> </span><span class=\"__1 _5\"></span> </div><div class=\"t_1 m0_1 x1f h8_1 y240 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">un <span class=\"__1 _70\"></span>importe disponible <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>170 <span class=\"__1 _70\"></span>millones, y <span class=\"__1 _70\"></span>llev\u00f3 <span class=\"__1 _70\"></span>a <span class=\"__1 _5\"></span>cabo <span class=\"__1 _70\"></span>una <span class=\"__1 _5\"></span>colocaci\u00f3n <span class=\"__1 _70\"></span>privad<span class=\"__1 _6\"></span>a <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>obligaciones <span class=\"__1 _70\"></span>por un <span class=\"__1 _70\"></span>importe<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1f h8_1 y1ce ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de 50 millones de euros<span class=\"__1 _6\"></span> que fueron s<span class=\"__1 _6\"></span>uscritas por un fon<span class=\"__1 _6\"></span>do de deuda. <span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x1f h8_1 ye75 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Con fecha <span class=\"__1 _6\"></span>8 de <span class=\"__1 _6\"></span>noviembre <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>2018, Magnon <span class=\"__1 _6\"></span>Green <span class=\"__1 _6\"></span>Energy, S.L.,<span class=\"__1 _6\"></span> su<span class=\"__1 _6\"></span>scribi<span class=\"__1 _6\"></span>\u00f3 <span class=\"__1 _6\"></span>una <span class=\"__1 _6\"></span>ampliaci\u00f3n de <span class=\"__1 _6\"></span>este contra<span class=\"__1 _6\"></span>to<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1f h8_1 ye76 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de <span class=\"__1 _5\"></span>pr\u00e9stamo <span class=\"__1 _5\"></span>senior por <span class=\"__1 _70\"></span>un <span class=\"__1 _5\"></span>importe <span class=\"__1 _5\"></span>disponible de <span class=\"__1 _70\"></span>17 <span class=\"__1 _5\"></span>millones <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>euro<span class=\"__1 _6\"></span>s <span class=\"__1 _70\"></span>y llev\u00f3 <span class=\"__1 _70\"></span>a cabo <span class=\"__1 _70\"></span>una colocaci\u00f3n <span class=\"__1 _70\"></span>privada<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1f h8_1 ye77 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de <span class=\"__1 _6\"></span>obligaciones <span class=\"__1 _8\"></span>por <span class=\"__1 _6\"></span>un <span class=\"__1 _8\"></span>importe <span class=\"__1 _6\"></span>ad<span class=\"__1 _6\"></span>icional <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>43 <span class=\"__1 _6\"></span>millon<span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>euro<span class=\"__1 _6\"></span>s <span class=\"__1 _6\"></span>que <span class=\"__1 _8\"></span>fueron <span class=\"__1 _6\"></span>sus<span class=\"__1 _6\"></span>critos <span class=\"__1 _6\"></span>por <span class=\"__1 _8\"></span>dos <span class=\"__1 _6\"></span>fon<span class=\"__1 _6\"></span>dos <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1f h8_1 ye78 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">deuda.   </div><div class=\"t_1 m0_1 x59 h8_1 ye79 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El detalle de estas finan<span class=\"__1 _6\"></span>ciaciones se describ<span class=\"__1 _6\"></span>e a continuaci\u00f3n:<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x147 h8_1 ye7a ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x5a h8_1 y7d2 ff4 fs4 fc0_1 sc0_1 ls3a ws0_1\">(i)<span class=\"fs1_1 ls0_1\">  <span class=\"__1 _a8\"> </span>Euribor 6 <span class=\"__1 _5\"></span>meses m\u00e1s <span class=\"__1 _70\"></span>dif<span class=\"__1 _6\"></span>erencial descrito. <span class=\"__1 _5\"></span>En los <span class=\"__1 _5\"></span>tramos bancarios, <span class=\"__1 _70\"></span>el tipo es <span class=\"__1 _70\"></span>variabl<span class=\"__1 _6\"></span>e en<span class=\"__1 _5\"></span> funci\u00f3n de<span class=\"__1 _5\"></span>l ratio de<span class=\"__1 _1bc\"> </span></span><span class=\"fs1_1 ls0_1\"> </span></div><div class=\"t_1 m0_1 x5e he4 ye7b ff4 fs1_1 fc0_1 sc0_1 ls0_1 ws0_1\">endeudamiento (Deuda Neta / EBITDA del negocio ENERG\u00cdA Renovable, <span class=\"__1 _6\"></span>seg\u00fan definiciones recogidas en el<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x5e he4 y2e4 ff4 fs1_1 fc0_1 sc0_1 ls0_1 ws0_1\">contrato de financiaci\u00f3n).<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x5a he4 ye7c ff4 fs1_1 fc0_1 sc0_1 ls0_1 ws0_1\">(ii)  <span class=\"__1 _b7\"> </span>Vencimiento \u00edntegro (bullet) en la fecha indi<span class=\"__1 _5\"></span>cada.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x5a he4 ye7d ff4 fs1_1 fc0_1 sc0_1 ls0_1 ws0_1\">(iii)  <span class=\"__1 _51\"> </span>Ha financiado la construcci\u00f3n de Huelva 46 MW.  </div><div class=\"t_1 m0_1 x5a he4 ye7e ff4 fs1_1 fc0_1 sc0_1 ls0_1 ws0_1\">(iv) <span class=\"__1 _b7\"> </span>Estas obligaciones est\u00e1n admitidas a cotizaci\u00f3n en la bolsa de valores de Frankfurt (Freiverkehr).<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x5a h8_1 ye7f ff4 fs1_1 fc0_1 sc0_1 ls0_1 ws0_1\">(v) <span class=\"__1 _124\"> </span>Ha f<span class=\"__1 _6\"></span>inanciado la construcci\u00f3n de<span class=\"__1 _5\"></span> Puertollano 50 MW.<span class=\"__1 _1bc\"> </span><span class=\"fs4\"> </span></div><div class=\"t_1 m0_1 x5a h8_1 ye80 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x59 h8_1 ye81 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">MAGNON <span class=\"__1 _8\"></span>realiz\u00f3 <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>ejercicio <span class=\"__1 _8\"></span>2022 <span class=\"__1 _8\"></span>recompras <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>Obligaciones<span class=\"__1 _6\"></span>/Notas <span class=\"__1 _8\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _6\"></span>ten\u00edan<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>un<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>ominal <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>14.00<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x59 h8_1 ye82 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">miles \u20ac por un importe d<span class=\"__1 _6\"></span>e 14.300 miles \u20ac. <span class=\"__1 _6\"></span><span class=\"ff4\"> </span></div><div class=\"t_1 m0_1 x1f h8_1 ye83 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Esta financiaci\u00f3n<span class=\"__1 _6\"></span> incluye como principa<span class=\"__1 _6\"></span>les garant\u00edas prenda sob<span class=\"__1 _6\"></span>re las acciones de las sociedades del Grupo<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1f h8_1 ye84 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">que <span class=\"__1 _4\"></span>desarro<span class=\"__1 _6\"></span>llan <span class=\"__1 _4\"></span>su <span class=\"__1 _c8\"></span>actividad <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _c8\"></span>negocio <span class=\"__1 _4\"></span>ENERG\u00cdA <span class=\"__1 _c8\"></span>Renovable, <span class=\"__1 _c8\"></span>sobre <span class=\"__1 _4\"></span>sus<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>activos <span class=\"__1 _4\"></span>y <span class=\"__1 _c8\"></span>derechos <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>cob<span class=\"__1 _6\"></span>ro,<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1f h8_1 ye85 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">actuales y futu<span class=\"__1 _6\"></span>ros.  </div><div class=\"t_1 m0_1 x1f h8_1 ye86 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Asimismo, <span class=\"__1 _6\"></span>esta <span class=\"__1 _8\"></span>financiaci\u00f3n <span class=\"__1 _6\"></span>incluy<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>determinadas <span class=\"__1 _8\"></span>obligaciones<span class=\"__1 _6\"></span>, <span class=\"__1 _8\"></span>habituales <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>te <span class=\"__1 _6\"></span>tipo <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>finan<span class=\"__1 _6\"></span>ciaci\u00f3n; <span class=\"__1 _6\"></span>el<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1f h8_1 ye87 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">suministro <span class=\"__1 _d1\"> </span>de <span class=\"__1 _cc\"> </span>determinada <span class=\"__1 _cc\"> </span>informaci\u00f3n <span class=\"__1 _d1\"> </span>de <span class=\"__1 _cc\"> </span>car\u00e1cter <span class=\"__1 _cc\"> </span>operativo<span class=\"__1 _6\"></span> <span class=\"__1 _cc\"> </span>y <span class=\"__1 _cc\"> </span>financiera, <span class=\"__1 _d1\"> </span>el <span class=\"__1 _cf\"> </span>cumplimi<span class=\"__1 _6\"></span>ento <span class=\"__1 _cc\"> </span>de<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1f h8_1 ye88 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">determinados <span class=\"__1 _6\"></span>ra<span class=\"__1 _6\"></span>tios <span class=\"__1 _6\"></span>econ\u00f3mi<span class=\"__1 _6\"></span>cos <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>solvencia <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>rentabilidad, <span class=\"__1 _8\"></span>y <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>mantenimi<span class=\"__1 _6\"></span>ento <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>n <span class=\"__1 _6\"></span>volu<span class=\"__1 _6\"></span>men <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>sto<span class=\"__1 _6\"></span>ck<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1f h8_1 ye89 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de biomasa (almacenes y contratos de suministro) equivalente al consumo de 3 <span class=\"__1 _5\"></span>meses. Se estima que al <span class=\"__1 _5\"></span>31<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1f h8_1 ye8a ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de diciembre de 2023 y<span class=\"__1 _6\"></span> 2022 se cumplen \u00edn<span class=\"__1 _6\"></span>tegramente dichas<span class=\"__1 _6\"></span> obligaciones. <span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x1f h8_1 ye8b ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El acuerdo de finan<span class=\"__1 _6\"></span>ciaci\u00f3n est<span class=\"__1 _6\"></span>ablece una teso<span class=\"__1 _6\"></span>rer\u00eda m\u00ednima d<span class=\"__1 _6\"></span>isponible en el <span class=\"__1 _6\"></span>per\u00edmetro de <span class=\"__1 _6\"></span>la financiaci\u00f3n<span class=\"__1 _6\"></span> de<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1f h8_1 ye8c ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">al <span class=\"__1 _6\"></span>menos <span class=\"__1 _6\"></span>30 <span class=\"__1 _6\"></span>millones <span class=\"__1 _6\"></span><span class=\"ff6\">\u20ac</span>, <span class=\"__1 _6\"></span>consider\u00e1n<span class=\"__1 _6\"></span>dose <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>tal <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>disponible <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>tramo <span class=\"__1 _6\"></span>4\u00ba, <span class=\"__1 _8\"></span>as\u00ed <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>cumplimiento <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span> </div></div><div class=\"c_1 w1b1 h26f gs198\"><div class=\"t_1 m47 x148 h270 ye8e ff4 fs57 fc0_1 sc0_1 ls0_1 ws0_1\">Ti<span class=\"__1 _6\"></span>po<span class=\"__1 _6\"></span> de<span class=\"__1 _1bc\"> </span> </div></div><div class=\"c_1 w1b2 h271 gs199\"><div class=\"t_1 m47 xd9 h270 ye90 ff4 fs57 fc0_1 sc0_1 ls0_1 ws0_1\">Di<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>pon<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _f\"> </span>Di<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>pu<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>o<span class=\"__1 _e5\"> </span>Ve<span class=\"__1 _70\"></span>nc<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>m<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>nto<span class=\"__1 _100\"> </span>I<span class=\"__1 _8\"></span>nte<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>\u00e9<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span> (i<span class=\"__1 _8\"></span>)<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w1b2 h272 gs19a\"><div class=\"t_1 m47 x9 h270 ye92 ff4 fs57 fc0_1 sc0_1 ls0_1 ws0_1\">Ob<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ga<span class=\"__1 _8\"></span>ci<span class=\"__1 _4\"></span>\u00f3n/N<span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span> (i<span class=\"__1 _8\"></span>v)<span class=\"__1 _35\"> </span><span class=\"ls7f\">                     36<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>0 <span class=\"__1 _c1\"> </span>                     36<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span></span><span class=\"ls7f\"> </span></div><div class=\"t_1 m47 x46 h270 ye93 ff4 fs57 fc0_1 sc0_1 ls0_1 ws0_1\">di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>-2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> (i<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>)<span class=\"__1 _1bc\"> </span></div><div class=\"t_1 m47 x11a h270 ye94 ff4 fs57 fc0_1 sc0_1 ls0_1 ws0_1\">3,4<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>%<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w1b1 h26f gs198\"><div class=\"t_1 m47 x9 h270 ye95 ff4 fs57 fc0_1 sc0_1 ls0_1 ws0_1\">Tra<span class=\"__1 _8\"></span>m<span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span> 1<span class=\"__1 _6\"></span>\u00ba</div></div><div class=\"c_1 w1b2 h273 gs19b\"><div class=\"t_1 m47 xe7 h270 ye97 ff4 fs57 fc0_1 sc0_1 ls7f ws0_1\">                        9.33<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                        9<span class=\"__1 _6\"></span>.33<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m47 x1e h270 ye98 ff4 fs57 fc0_1 sc0_1 ls0_1 ws0_1\">di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>-2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>4<span class=\"__1 _91\"> </span>1<span class=\"__1 _6\"></span>,75<span class=\"__1 _6\"></span>%-3,2<span class=\"__1 _6\"></span>5%<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w1b1 h26f gs198\"><div class=\"t_1 m47 x9 h270 ye99 ff4 fs57 fc0_1 sc0_1 ls0_1 ws0_1\">Tra<span class=\"__1 _8\"></span>m<span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span> 2<span class=\"__1 _6\"></span>\u00ba</div></div><div class=\"c_1 w1b2 h273 gs19c\"><div class=\"t_1 m47 xe7 h270 ye97 ff4 fs57 fc0_1 sc0_1 ls7f ws0_1\">                        6.00<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                        6<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m47 x46 h270 ye98 ff4 fs57 fc0_1 sc0_1 ls0_1 ws0_1\">di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>-2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> (i<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>)<span class=\"__1 _1bc\"> </span></div><div class=\"t_1 m47 x11a h270 ye9b ff4 fs57 fc0_1 sc0_1 ls0_1 ws0_1\">3,4<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>%<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w1b1 h26f gs198\"><div class=\"t_1 m47 x9 h270 ye9c ff4 fs57 fc0_1 sc0_1 ls0_1 ws0_1\">Tra<span class=\"__1 _8\"></span>m<span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span> 3<span class=\"__1 _6\"></span>\u00ba<span class=\"__1 _5\"></span> (i<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>)</div></div><div class=\"c_1 w1b2 h272 gs19d\"><div class=\"t_1 m47 x8e h270 ye97 ff4 fs57 fc0_1 sc0_1 ls7f ws0_1\">                     21<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _d1\"> </span>                     2<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m47 x1e h270 ye93 ff4 fs57 fc0_1 sc0_1 ls0_1 ws0_1\">di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>-2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>4<span class=\"__1 _91\"> </span>1<span class=\"__1 _6\"></span>,75<span class=\"__1 _6\"></span>%-3,2<span class=\"__1 _6\"></span>5%<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w1b1 h26f gs198\"><div class=\"t_1 m47 x9 h270 ye9e ff4 fs57 fc0_1 sc0_1 ls0_1 ws0_1\">Tra<span class=\"__1 _8\"></span>m<span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span> 4<span class=\"__1 _6\"></span>\u00ba</div></div><div class=\"c_1 w1b2 h273 gs19e\"><div class=\"t_1 m47 x8e h270 ye97 ff4 fs57 fc0_1 sc0_1 ls7f ws0_1\">                     20<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _d0\"> </span>                               -   </div><div class=\"t_1 m47 x1e h270 ye98 ff4 fs57 fc0_1 sc0_1 ls0_1 ws0_1\">di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>-2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>4<span class=\"__1 _91\"> </span>1<span class=\"__1 _6\"></span>,25<span class=\"__1 _6\"></span>%-2,7<span class=\"__1 _6\"></span>5%<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w1b2 h272 gs19f\"><div class=\"t_1 m47 x9 h270 ye92 ff4 fs57 fc0_1 sc0_1 ls0_1 ws0_1\">Ob<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ga<span class=\"__1 _8\"></span>ci<span class=\"__1 _4\"></span>\u00f3n/N<span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span> (i<span class=\"__1 _8\"></span>v) y <span class=\"__1 _6\"></span>(v)<span class=\"__1 _80\"> </span><span class=\"ls7f\">                     4<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.000<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>                     43<span class=\"__1 _6\"></span>.000<span class=\"__1 _1bc\"> </span></span><span class=\"ls7f\"><span class=\"__1 _6\"></span> </span></div><div class=\"t_1 m47 x46 h270 ye93 ff4 fs57 fc0_1 sc0_1 ls0_1 ws0_1\">di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>-2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> (i<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>)<span class=\"__1 _1bc\"> </span></div><div class=\"t_1 m47 x11a h270 ye94 ff4 fs57 fc0_1 sc0_1 ls0_1 ws0_1\">3,4<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>%<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w1b1 h26f gs198\"><div class=\"t_1 m47 x9 h270 yea1 ff4 fs57 fc0_1 sc0_1 ls0_1 ws0_1\">Tra<span class=\"__1 _8\"></span>m<span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span> 5<span class=\"__1 _6\"></span>\u00ba<span class=\"__1 _5\"></span> (v)</div></div><div class=\"c_1 w1b2 h273 gs1a0\"><div class=\"t_1 m47 xe7 h270 ye97 ff4 fs57 fc0_1 sc0_1 ls7f ws0_1\">                        7.65<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                        7<span class=\"__1 _6\"></span>.65<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m47 x1e h270 ye98 ff4 fs57 fc0_1 sc0_1 ls0_1 ws0_1\">di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>-2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>5<span class=\"__1 _91\"> </span>1<span class=\"__1 _6\"></span>,75<span class=\"__1 _6\"></span>%-3,2<span class=\"__1 _6\"></span>5%</div></div><div class=\"c_1 w1b2 h272 gs1a1\"><div class=\"t_1 m47 x8e h274 yea4 ff3_1 fs57 fc0_1 sc0_1 ls7f ws0_1\">                   14<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>98<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span> <span class=\"__1 _cc\"> </span>                   12<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>98<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> </div></div><div class=\"c_1 w1b3 h275 gs1a2\"><div class=\"t_1 m47 x11 h270 yea6 ff4 fs57 fc0_1 sc0_1 ls0_1 ws0_1\">Mi<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span> de<span class=\"__1 _5\"></span> Euros<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w2_1 h58 gs1a4\"><div class=\"t_1 m0_1 x1f h8_1 y1ef ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">determinados <span class=\"__1 _4\"></span>ratios <span class=\"__1 _4\"></span>ligados <span class=\"__1 _8\"></span>al <span class=\"__1 _4\"></span>endeudamiento, <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>situaci\u00f3n <span class=\"__1 _4\"></span>patrimonial <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>capacidad <span class=\"__1 _4\"></span>de<span class=\"__1 _5\"></span> <span class=\"__1 _4\"></span>ge<span class=\"__1 _5\"></span>neraci\u00f3n <span class=\"__1 _4\"></span>de<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1f h8_1 y1f0 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">caja del negocio, para <span class=\"__1 _6\"></span>poder llevar<span class=\"__1 _6\"></span> a cabo el reparto d<span class=\"__1 _6\"></span>e dividendos<span class=\"__1 _6\"></span> y la obtenci\u00f3n de n<span class=\"__1 _6\"></span>ueva financiaci\u00f3n.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x1f h8_1 yea8 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"__1 _70\"></span>importe <span class=\"__1 _5\"></span>de <span class=\"__1 _5\"></span>las <span class=\"__1 _70\"></span>comision<span class=\"__1 _6\"></span>es <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>estructu<span class=\"__1 _6\"></span>raci\u00f3n <span class=\"__1 _70\"></span>y otros <span class=\"__1 _70\"></span>gastos incurridos <span class=\"__1 _70\"></span>en <span class=\"__1 _70\"></span>la obtenci\u00f3n <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>esta <span class=\"__1 _70\"></span>finan<span class=\"__1 _6\"></span>ciaci\u00f3n<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1f h8_1 yea9 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">fue de 5.813 miles \u20ac.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span><span class=\"ff4\"> </span></div><div class=\"t_1 m0_1 x1f h8_1 y8ab ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Al <span class=\"__1 _4\"></span>objeto <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>cubrir <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>riesgo <span class=\"__1 _4\"></span>derivado <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>con<span class=\"__1 _6\"></span>trata<span class=\"__1 _6\"></span>ci\u00f3n <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>esta <span class=\"__1 _4\"></span>financiaci\u00f3n <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>tipo <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>inter\u00e9s <span class=\"__1 _4\"></span>variable,<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1f h8_1 y8ac ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">MAGNON reestructu<span class=\"__1 _6\"></span>r\u00f3, en <span class=\"__1 _6\"></span>el momento <span class=\"__1 _6\"></span>de la <span class=\"__1 _6\"></span>contrataci\u00f3n de <span class=\"__1 _8\"></span>esta financiaci\u00f3n<span class=\"__1 _6\"></span>, los <span class=\"__1 _6\"></span>contratos d<span class=\"__1 _6\"></span>e cobertura<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1f h8_1 y8ad ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">que <span class=\"__1 _4\"></span>ten\u00eda <span class=\"__1 _4\"></span>suscritos <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>marco <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>financiaci\u00f3n <span class=\"__1 _4\"></span>previa. <span class=\"__1 _4\"></span>Los <span class=\"__1 _4\"></span>nuevos <span class=\"__1 _4\"></span>IRS <span class=\"__1 _4\"></span>cubren <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>90% <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>finan<span class=\"__1 _6\"></span>cia<span class=\"__1 _8\"></span>ci\u00f3n<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1f h8_1 yeaa ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">dispuesta a<span class=\"__1 _6\"></span> un tipo fijo medio de 1,22% (v\u00e9ase N<span class=\"__1 _6\"></span>ota 30).<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x1f h8_1 yeab ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">En <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>marco <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>esta <span class=\"__1 _6\"></span>financiaci\u00f3<span class=\"__1 _6\"></span>n <span class=\"__1 _6\"></span>Standar<span class=\"__1 _6\"></span>d <span class=\"__1 _6\"></span>&amp; <span class=\"__1 _8\"></span>Poor\u00b4s <span class=\"__1 _6\"></span>otorg\u00f3<span class=\"__1 _8\"></span> <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>Magnon <span class=\"__1 _8\"></span>Green <span class=\"__1 _6\"></span>Energy, <span class=\"__1 _8\"></span>S.L. <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>evaluaci\u00f3n <span class=\"__1 _6\"></span>E<span class=\"__1 _6\"></span>1,<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1f h8_1 yeac ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">m\u00e1xima  calificaci\u00f3n  en  su  es<span class=\"__1 _6\"></span>cala  de  evaluaci\u00f3n  de  criterios  medioambientales,<span class=\"__1 _6\"></span>  consider\u00e1ndo<span class=\"__1 _8\"></span>se  dicha<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1f h8_1 yead ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">financiaci\u00f3n como \u201cfinanciaci<span class=\"__1 _6\"></span>\u00f3n verde\u201d.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span><span class=\"ff4\"> </span></div><div class=\"t_1 m0_1 x69 h64 yeae ff3_1 fs0_1 fc5 sc0_1 ls0_1 ws0_1\">28.2<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Otros pasivos financieros<span class=\"__1 _1bc\"> </span></span></span><span class=\"ff5\"><span class=\"ff3_1 fc3\"> </span></span></div><div class=\"t_1 m0_1 x1f h8_1 y357 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"__1 _70\"></span>detalle <span class=\"__1 _5\"></span>de <span class=\"__1 _5\"></span>este <span class=\"__1 _70\"></span>ep\u00edgraf<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>del Estado <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>Situaci\u00f3n Financiera <span class=\"__1 _70\"></span>Consolidad<span class=\"__1 _6\"></span>o <span class=\"__1 _70\"></span>al <span class=\"__1 _5\"></span>31 <span class=\"__1 _70\"></span>de<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>diciembr<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>de 2023 <span class=\"__1 _70\"></span>y <span class=\"__1 _70\"></span>2022<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1f h8_1 yb81 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">es el siguiente:<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x4e h8_1 yeaf ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x149 h8_1 yeb0 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x14a h8_1 yeb1 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div></div><div class=\"c_1 w1b5 h277 gs1a5\"><div class=\"t_1 m48 x133 h278 yeb3 ff4 fs58 fc0_1 sc0_1 ls0_1 ws0_1\">Cor<span class=\"__1 _6\"></span>to pl<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>zo<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w1b6 h279 gs1a6\"><div class=\"t_1 m48 x9 h27a yeb5 ff3_1 fs58 fc0_1 sc0_1 ls80 ws0_1\">2023<span class=\"__1 _1bc\"> </span></div><div class=\"t_1 m48 x9 h278 yeb6 ff4 fs58 fc0_1 sc0_1 ls0_1 ws0_1\">Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span> de Euros<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w1b7 h27b gs1a7\"><div class=\"t_1 m48 x21 h278 yeb8 ff4 fs58 fc0_1 sc0_1 ls0_1 ws0_1\">Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m48 xa h278 yeb9 ff4 fs58 fc0_1 sc0_1 ls0_1 ws0_1\">Di<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>pues<span class=\"__1 _6\"></span>to<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w1b5 h27c gs1a8\"><div class=\"t_1 m48 x0_1 h278 yebb ff4 fs58 fc0_1 sc0_1 ls80 ws0_1\">2024<span class=\"__1 _162\"> </span>2025<span class=\"__1 _117\"> </span>2026<span class=\"__1 _117\"> </span>2027<span class=\"__1 _117\"> </span>2028<span class=\"__1 _20\"> </span><span class=\"ls0_1\">Si<span class=\"__1 _6\"></span>gui<span class=\"__1 _8\"></span>ent<span class=\"__1 _5\"></span>es<span class=\"__1 _1bc\"> </span></span></div></div><div class=\"c_1 w1b7 h27b gs1a9\"><div class=\"t_1 m48 x3a h278 yeb8 ff4 fs58 fc0_1 sc0_1 ls0_1 ws0_1\">Tot<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span> L<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>go<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m48 x33 h278 yeb9 ff4 fs58 fc0_1 sc0_1 ls0_1 ws0_1\">pl<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>zo<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w1b6 h279 gs1a6\"><div class=\"t_1 m48 x9 h278 yebc ff4 fs58 fc0_1 sc0_1 ls0_1 ws0_1\">Otros<span class=\"__1 _8\"></span> pa<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>vos<span class=\"__1 _8\"></span> fi<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>ero<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> Ne<span class=\"__1 _5\"></span>goci<span class=\"__1 _8\"></span>o CELU<span class=\"__1 _70\"></span>LOSA -<span class=\"__1 _1bc\"> </span></div><div class=\"t_1 m48 x14 h278 yebd ff4 fs58 fc0_1 sc0_1 ls0_1 ws0_1\">Fi<span class=\"__1 _6\"></span>na<span class=\"__1 _8\"></span>nci<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>\u00f3<span class=\"__1 _6\"></span>n or<span class=\"__1 _6\"></span>ga<span class=\"__1 _6\"></span>ni<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>mos<span class=\"__1 _6\"></span> p\u00fab<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>co<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span></div><div class=\"t_1 m48 x61 h278 yebe ff4 fs58 fc0_1 sc0_1 ls0_1 ws0_1\">42<span class=\"__1 _6\"></span>.88<span class=\"__1 _6\"></span>5</div></div><div class=\"c_1 w1b5 h277 gs1aa\"><div class=\"t_1 m48 x133 h278 yec0 ff4 fs58 fc0_1 sc0_1 ls81 ws0_1\">             8.73<span class=\"__1 _6\"></span>7 <span class=\"__1 _7c\"> </span>             8.13<span class=\"__1 _6\"></span>0 <span class=\"__1 _cd\"> </span>             8.161<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>             6<span class=\"__1 _6\"></span>.305<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>             6<span class=\"__1 _6\"></span>.316<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>             5.23<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m48 x71 h278 yec1 ff4 fs58 fc0_1 sc0_1 ls0_1 ws0_1\">34<span class=\"__1 _6\"></span>.14<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w1b6 h279 gs1a6\"><div class=\"t_1 m48 x14 h278 yec2 ff4 fs58 fc0_1 sc0_1 ls0_1 ws0_1\">Pa<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>vos<span class=\"__1 _8\"></span> por<span class=\"__1 _6\"></span> derecho d<span class=\"__1 _6\"></span>e us<span class=\"__1 _6\"></span>o (Nota 1<span class=\"__1 _6\"></span>7)</div></div><div class=\"c_1 w1b5 h27d gs1ab\"><div class=\"t_1 m48 x5_1 h278 yec4 ff4 fs58 fc0_1 sc0_1 ls81 ws0_1\">           42<span class=\"__1 _6\"></span>.003<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>             4.00<span class=\"__1 _6\"></span>5 <span class=\"__1 _7c\"> </span>             3<span class=\"__1 _6\"></span>.791<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>             3<span class=\"__1 _6\"></span>.128<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>             2.66<span class=\"__1 _6\"></span>7 <span class=\"__1 _cd\"> </span>             1.570<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>           26<span class=\"__1 _6\"></span>.842<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>           3<span class=\"__1 _6\"></span>7.99<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span> </div></div><div class=\"c_1 w1b6 h279 gs1a6\"><div class=\"t_1 m48 x61 h27a yec5 ff3_1 fs58 fc0_1 sc0_1 ls0_1 ws0_1\">84<span class=\"__1 _6\"></span>.888<span class=\"__1 _153\"> </span>1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.742<span class=\"__1 _2c\"> </span>11<span class=\"__1 _6\"></span>.921<span class=\"__1 _49\"> </span>11.289<span class=\"__1 _b\"> </span>8.97<span class=\"__1 _6\"></span>2<span class=\"__1 _14d\"> </span>7<span class=\"__1 _6\"></span>.886<span class=\"__1 _153\"> </span>3<span class=\"__1 _6\"></span>2.07<span class=\"__1 _6\"></span>8<span class=\"__1 _153\"> </span>7<span class=\"__1 _6\"></span>2.14<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span></div><div class=\"t_1 m48 x9 h278 yec6 ff4 fs58 fc0_1 sc0_1 ls0_1 ws0_1\">Otros<span class=\"__1 _8\"></span> pa<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>vos<span class=\"__1 _8\"></span> fi<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>ero<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> Ne<span class=\"__1 _5\"></span>goci<span class=\"__1 _8\"></span>o REN<span class=\"__1 _5\"></span>OVAB<span class=\"__1 _5\"></span>LE<span class=\"__1 _70\"></span>S <span class=\"__1 _6\"></span>-<span class=\"__1 _1bc\"> </span></div><div class=\"t_1 m48 x14 h278 yec7 ff4 fs58 fc0_1 sc0_1 ls0_1 ws0_1\">Pa<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>vos<span class=\"__1 _8\"></span> por<span class=\"__1 _6\"></span> derecho d<span class=\"__1 _6\"></span>e us<span class=\"__1 _6\"></span>o (Nota 1<span class=\"__1 _6\"></span>7)<span class=\"__1 _1bc\"> </span></div><div class=\"t_1 m48 x66 h278 yec8 ff4 fs58 fc0_1 sc0_1 ls0_1 ws0_1\">2.83<span class=\"__1 _6\"></span>2</div></div><div class=\"c_1 w1b5 h27d gs1ac\"><div class=\"t_1 m48 x133 h278 yeca ff4 fs58 fc0_1 sc0_1 ls81 ws0_1\">             1.10<span class=\"__1 _6\"></span>2 <span class=\"__1 _7e\"> </span>                 66<span class=\"__1 _6\"></span>5 <span class=\"__1 _150\"> </span>                 5<span class=\"__1 _6\"></span>16<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>                 320<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>                 15<span class=\"__1 _6\"></span>2 <span class=\"__1 _cb\"> </span>                   7<span class=\"__1 _6\"></span>7<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m48 x14b h278 yec1 ff4 fs58 fc0_1 sc0_1 ls0_1 ws0_1\">1.73<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w1b6 h279 gs1a6\"><div class=\"t_1 m48 x66 h27a yecb ff3_1 fs58 fc0_1 sc0_1 ls0_1 ws0_1\">2.83<span class=\"__1 _6\"></span>2<span class=\"__1 _14d\"> </span>1.10<span class=\"__1 _6\"></span>2<span class=\"__1 _dd\"> </span><span class=\"ls80\">665<span class=\"__1 _108\"> </span>516<span class=\"__1 _25\"> </span>320<span class=\"__1 _103\"> </span>152<span class=\"__1 _18\"> </span>77<span class=\"__1 _f9\"> </span></span>1.73<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span></div><div class=\"t_1 m48 x61 h27a yecc ff3_1 fs58 fc0_1 sc0_1 ls0_1 ws0_1\">87<span class=\"__1 _6\"></span>.720<span class=\"__1 _153\"> </span>1<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.844<span class=\"__1 _2c\"> </span>12<span class=\"__1 _6\"></span>.586<span class=\"__1 _49\"> </span>11.805<span class=\"__1 _b\"> </span>9.29<span class=\"__1 _6\"></span>2<span class=\"__1 _14d\"> </span>8<span class=\"__1 _6\"></span>.038<span class=\"__1 _153\"> </span>3<span class=\"__1 _6\"></span>2.15<span class=\"__1 _6\"></span>5<span class=\"__1 _153\"> </span>7<span class=\"__1 _6\"></span>3.87<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w1b8 h27e gs1ad\"><div class=\"t_1 m48 x10a h278 yece ff4 fs58 fc0_1 sc0_1 ls0_1 ws0_1\">Ve<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>mi<span class=\"__1 _6\"></span>ent<span class=\"__1 _5\"></span>o en e<span class=\"__1 _5\"></span>l<span class=\"__1 _6\"></span> a<span class=\"__1 _6\"></span>\u00f1<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w1b9 h27f gs1ae\"><div class=\"t_1 m49 x9 h280 yed0 ff3_1 fs59 fc0_1 sc0_1 ls82 ws0_1\">2022<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w1ba h281 gs1af\"><div class=\"t_1 m49 xf4 h282 yed2 ff4 fs59 fc0_1 sc0_1 ls0_1 ws0_1\">Cor<span class=\"__1 _6\"></span>to pl<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>zo<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w1b9 h27f gs1ae\"><div class=\"t_1 m49 x9 h282 yed3 ff4 fs59 fc0_1 sc0_1 ls0_1 ws0_1\">Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span> de Euros<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w1bb h283 gs1b0\"><div class=\"t_1 m49 x21 h282 yed5 ff4 fs59 fc0_1 sc0_1 ls0_1 ws0_1\">Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m49 xa h282 yed6 ff4 fs59 fc0_1 sc0_1 ls0_1 ws0_1\">Di<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>pues<span class=\"__1 _6\"></span>to<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w1ba h283 gs1b1\"><div class=\"t_1 m49 x8d h282 yed7 ff4 fs59 fc0_1 sc0_1 ls82 ws0_1\">2023<span class=\"__1 _15\"> </span>2024<span class=\"__1 _117\"> </span>2025<span class=\"__1 _67\"> </span>2026<span class=\"__1 _67\"> </span>2027<span class=\"__1 _110\"> </span><span class=\"ls0_1\">Si<span class=\"__1 _8\"></span>gui<span class=\"__1 _6\"></span>ente<span class=\"__1 _5\"></span>s<span class=\"__1 _1bc\"> </span></span></div></div><div class=\"c_1 w1bb h283 gs1b2\"><div class=\"t_1 m49 x3a h282 yed5 ff4 fs59 fc0_1 sc0_1 ls0_1 ws0_1\">Tot<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span> L<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>go<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m49 x33 h282 yed6 ff4 fs59 fc0_1 sc0_1 ls0_1 ws0_1\">pl<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>zo<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w1b9 h27f gs1ae\"><div class=\"t_1 m49 x9 h282 yed8 ff4 fs59 fc0_1 sc0_1 ls0_1 ws0_1\">Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> pa<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>os<span class=\"__1 _6\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>eros<span class=\"__1 _6\"></span> Neg<span class=\"__1 _5\"></span>oc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>o CELU<span class=\"__1 _5\"></span>LOSA<span class=\"__1 _5\"></span> -<span class=\"__1 _1bc\"> </span></div><div class=\"t_1 m49 x14 h282 yed9 ff4 fs59 fc0_1 sc0_1 ls0_1 ws0_1\">Fi<span class=\"__1 _6\"></span>na<span class=\"__1 _8\"></span>nci<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n or<span class=\"__1 _6\"></span>ga<span class=\"__1 _6\"></span>ni<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>mos<span class=\"__1 _6\"></span> p\u00fab<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>co<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span></div><div class=\"t_1 m49 x133 h282 yeda ff4 fs59 fc0_1 sc0_1 ls0_1 ws0_1\">49<span class=\"__1 _6\"></span>.97<span class=\"__1 _6\"></span>3<span class=\"__1 _14d\"> </span>8<span class=\"__1 _6\"></span>.34<span class=\"__1 _6\"></span>0<span class=\"__1 _129\"> </span>8.23<span class=\"__1 _6\"></span>4<span class=\"__1 _b\"> </span>8.1<span class=\"__1 _6\"></span>09<span class=\"__1 _b\"> </span>8<span class=\"__1 _6\"></span>.109<span class=\"__1 _b\"> </span>6<span class=\"__1 _6\"></span>.22<span class=\"__1 _6\"></span>1<span class=\"__1 _153\"> </span>1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.960<span class=\"__1 _49\"> </span>41<span class=\"__1 _6\"></span>.633<span class=\"__1 _1bc\"> </span></div><div class=\"t_1 m49 x14 h282 yedb ff4 fs59 fc0_1 sc0_1 ls0_1 ws0_1\">Pa<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>vos<span class=\"__1 _8\"></span> por<span class=\"__1 _6\"></span> derecho <span class=\"__1 _6\"></span>de us<span class=\"__1 _6\"></span>o (nota<span class=\"__1 _6\"></span> 1<span class=\"__1 _6\"></span>7)</div></div><div class=\"c_1 w1ba h281 gs1b3\"><div class=\"t_1 m49 x65 h282 yedd ff4 fs59 fc0_1 sc0_1 ls83 ws0_1\">           37<span class=\"__1 _6\"></span>.603<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>             3<span class=\"__1 _6\"></span>.015<span class=\"__1 _6\"></span> <span class=\"__1 _113\"> </span>             2<span class=\"__1 _6\"></span>.508<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>             2<span class=\"__1 _6\"></span>.939<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>             1<span class=\"__1 _6\"></span>.830<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>             1.47<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>           25<span class=\"__1 _6\"></span>.832<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>           34<span class=\"__1 _6\"></span>.588<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> </div></div><div class=\"c_1 w1b9 h27f gs1ae\"><div class=\"t_1 m49 x133 h280 yede ff3_1 fs59 fc0_1 sc0_1 ls0_1 ws0_1\">87<span class=\"__1 _6\"></span>.576<span class=\"__1 _49\"> </span>11.35<span class=\"__1 _6\"></span>5<span class=\"__1 _99\"> </span>1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.742<span class=\"__1 _49\"> </span>11.04<span class=\"__1 _6\"></span>8<span class=\"__1 _b\"> </span>9.93<span class=\"__1 _6\"></span>9<span class=\"__1 _b\"> </span>7.70<span class=\"__1 _6\"></span>0<span class=\"__1 _153\"> </span>3<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.792<span class=\"__1 _49\"> </span>76.22<span class=\"__1 _6\"></span>1<span class=\"__1 _1bc\"> </span></div><div class=\"t_1 m49 x9 h282 yedf ff4 fs59 fc0_1 sc0_1 ls0_1 ws0_1\">Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> pa<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>os<span class=\"__1 _6\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>eros<span class=\"__1 _6\"></span> Neg<span class=\"__1 _5\"></span>oc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>o ENE<span class=\"__1 _5\"></span>RGIA REN<span class=\"__1 _70\"></span>O<span class=\"__1 _6\"></span>VA<span class=\"__1 _70\"></span>BLE -<span class=\"__1 _1bc\"> </span></div><div class=\"t_1 m49 x14 h282 yee0 ff4 fs59 fc0_1 sc0_1 ls0_1 ws0_1\">Pa<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>vos<span class=\"__1 _8\"></span> por<span class=\"__1 _6\"></span> derecho <span class=\"__1 _6\"></span>de us<span class=\"__1 _6\"></span>o (nota<span class=\"__1 _6\"></span> 1<span class=\"__1 _6\"></span>7)<span class=\"__1 _1bc\"> </span></div><div class=\"t_1 m49 x14c h282 yee1 ff4 fs59 fc0_1 sc0_1 ls0_1 ws0_1\">1.69<span class=\"__1 _6\"></span>7<span class=\"__1 _25\"> </span><span class=\"ls82\">661<span class=\"__1 _35\"> </span>389<span class=\"__1 _25\"> </span>288<span class=\"__1 _108\"> </span>192<span class=\"__1 _18\"> </span>50<span class=\"__1 _25\"> </span>117<span class=\"__1 _14d\"> </span></span>1.03<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span></div><div class=\"t_1 m49 x14c h280 yee2 ff3_1 fs59 fc0_1 sc0_1 ls0_1 ws0_1\">1.69<span class=\"__1 _6\"></span>7<span class=\"__1 _25\"> </span><span class=\"ls82\">661<span class=\"__1 _111\"> </span>389<span class=\"__1 _25\"> </span>288<span class=\"__1 _25\"> </span>192<span class=\"__1 _18\"> </span>50<span class=\"__1 _25\"> </span>117<span class=\"__1 _f9\"> </span></span>1<span class=\"__1 _6\"></span>.036<span class=\"__1 _1bc\"> </span></div><div class=\"t_1 m49 x133 h280 yee3 ff3_1 fs59 fc0_1 sc0_1 ls0_1 ws0_1\">89<span class=\"__1 _6\"></span>.273<span class=\"__1 _49\"> </span>12.01<span class=\"__1 _6\"></span>6<span class=\"__1 _99\"> </span>1<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.131<span class=\"__1 _49\"> </span>11.33<span class=\"__1 _6\"></span>6<span class=\"__1 _153\"> </span>1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.131<span class=\"__1 _b\"> </span>7<span class=\"__1 _6\"></span>.750<span class=\"__1 _49\"> </span>36.90<span class=\"__1 _6\"></span>9<span class=\"__1 _153\"> </span>7<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.257<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w1bc h284 gs1b4\"><div class=\"t_1 m49 x14e h282 yed2 ff4 fs59 fc0_1 sc0_1 ls0_1 ws0_1\">Ve<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>mi<span class=\"__1 _6\"></span>ent<span class=\"__1 _5\"></span>o en e<span class=\"__1 _5\"></span>l<span class=\"__1 _6\"></span> a<span class=\"__1 _6\"></span>\u00f1<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span></div></div>La <span class=\"__1 _c8\"> </span>cuenta<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>\u201cFina<span class=\"__1 _6\"></span>nciaci\u00f3n <span class=\"__1 _c8\"> </span>o<span class=\"__1 _6\"></span>rganismos<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>p\u00fab<span class=\"__1 _6\"></span>licos\u201d <span class=\"__1 _c8\"> </span>corres<span class=\"__1 _6\"></span>ponde <span class=\"__1 _c8\"> </span>fund<span class=\"__1 _6\"></span>amentalmente <span class=\"__1 _c8\"> </span>a <span class=\"__1 _c6\"> </span>pr<span class=\"__1 _6\"></span>\u00e9stamos <span class=\"__1 _c6\"> </span>obtenidos,<span class=\"__1 _1bc\"> </span>normalmente <span class=\"__1 _c8\"> </span>a <span class=\"__1 _c8\"> </span>tip<span class=\"__1 _6\"></span>os <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"></span>inter\u00e9s <span class=\"__1 _c8\"></span>favorables, <span class=\"__1 _c8\"> </span>que <span class=\"__1 _c8\"> </span>financian <span class=\"__1 _c8\"> </span>pro<span class=\"__1 _6\"></span>yectos <span class=\"__1 _c8\"></span>para <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c8\"> </span>ampliaci\u00f3n <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c6\"> </span>mejora <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"> </span>la<span class=\"__1 _1bc\"> </span>capacidad productiv<span class=\"__1 _6\"></span>a de <span class=\"__1 _5\"></span>las biof\u00e1bricas de producci\u00f3n de celulosa, as\u00ed como el desarrollo de <span class=\"__1 _5\"></span>actividades de<span class=\"__1 _1bc\"> </span>I+D+i en <span class=\"__1 _6\"></span>EN<span class=\"__1 _6\"></span>CE. <span class=\"__1 _6\"></span>Su <span class=\"__1 _6\"></span>plazo <span class=\"__1 _6\"></span>de amortizaci\u00f3n <span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>10 <span class=\"__1 _6\"></span>a\u00f1os, <span class=\"__1 _6\"></span>con un <span class=\"__1 _6\"></span>periodo <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>carencia <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>3 a\u00f1<span class=\"__1 _6\"></span>os, y <span class=\"__1 _6\"></span>devengan<span class=\"__1 _1bc\"> </span>un tipo de in<span class=\"__1 _6\"></span>ter\u00e9s fijo que se sit\u00faa <span class=\"__1 _6\"></span>en el rango 1%-2,2<span class=\"__1 _6\"></span>9%.<span class=\"__1 _1bc\"> </span>28.3<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Estado de flujos de efectiv<span class=\"__1 _5\"></span>o (EFE)<span class=\"__1 _1bc\"> </span></span></span>Se <span class=\"__1 _6\"></span>muestra <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>continuaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>conciliaci\u00f3n <span class=\"__1 _8\"></span>entre <span class=\"__1 _6\"></span>las <span class=\"__1 _8\"></span>variaciones <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>endeudamiento <span class=\"__1 _6\"></span>finan<span class=\"__1 _6\"></span>ciero <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>Grupo<span class=\"__1 _1bc\"> </span>(deudas  con <span class=\"__1 _c6\"> </span>entidad<span class=\"__1 _6\"></span>es <span class=\"__1 _ca\"> </span>de <span class=\"__1 _c6\"> </span>cr\u00e9dito<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>y<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>mercado  de  capitales <span class=\"__1 _c6\"> </span>y  otros  pa<span class=\"__1 _5\"></span>sivos  f<span class=\"__1 _5\"></span>inancieros)  y <span class=\"__1 _c6\"> </span>los  flujos <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span>financiaci\u00f3n recogidos en el ep\u00edgrafe <span class=\"__1 _5\"></span>\u201cCobros y pagos por instrumentos<span class=\"__1 _6\"></span> de pasivo f<span class=\"__1 _5\"></span>inanciero\u201d <span class=\"ff4\">d<span class=\"__1 _6\"></span>el Estado de<span class=\"__1 _1bc\"> </span></span>Flujos de Efectivo en 2023 y<span class=\"__1 _6\"></span> 2022:<span class=\"__1 _1bc\"> </span>2023<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span> de Euros<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>do<span class=\"__1 _1bc\"> </span>1/1<span class=\"__1 _6\"></span>/20<span class=\"__1 _6\"></span>23<span class=\"__1 _1bc\"> </span>Em<span class=\"__1 _5\"></span>i<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones y<span class=\"__1 _1bc\"> </span>di<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>pos<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _1bc\"> </span>(Ne<span class=\"__1 _70\"></span>ta<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span>gas<span class=\"__1 _8\"></span>tos)<span class=\"__1 _1bc\"> </span>Ree<span class=\"__1 _70\"></span>mbol<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span> /<span class=\"__1 _1bc\"> </span>Cuota<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> pa<span class=\"__1 _6\"></span>ga<span class=\"__1 _6\"></span>da<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>Recompra<span class=\"__1 _1bc\"> </span>bonos<span class=\"__1 _1bc\"> </span>Pa<span class=\"__1 _6\"></span>go de<span class=\"__1 _1bc\"> </span>i<span class=\"__1 _6\"></span>ntereses<span class=\"__1 _1bc\"> </span>Deve<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>go de<span class=\"__1 _1bc\"> </span>i<span class=\"__1 _6\"></span>ntereses<span class=\"__1 _1bc\"> </span>Deve<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>go de<span class=\"__1 _1bc\"> </span>cos<span class=\"__1 _8\"></span>te<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> de<span class=\"__1 _1bc\"> </span>estruc<span class=\"__1 _6\"></span>tura<span class=\"__1 _8\"></span>ci<span class=\"__1 _6\"></span>\u00f3<span class=\"__1 _6\"></span>n<span class=\"__1 _1bc\"> </span>Var<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>nes p<span class=\"__1 _6\"></span>or<span class=\"__1 _1bc\"> </span>derechos<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e uso<span class=\"__1 _1bc\"> </span>s<span class=\"__1 _6\"></span>obr<span class=\"__1 _6\"></span>e ac<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vos<span class=\"__1 _1bc\"> </span>Actual<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>za<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _1bc\"> </span>fi<span class=\"__1 _6\"></span>na<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>era <span class=\"__1 _6\"></span>y<span class=\"__1 _1bc\"> </span>otros<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>do<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/12<span class=\"__1 _6\"></span>/20<span class=\"__1 _6\"></span>23<span class=\"__1 _1bc\"> </span>Deuda fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>era<span class=\"__1 _6\"></span> Negoci<span class=\"__1 _6\"></span>o CELU<span class=\"__1 _5\"></span>LOSA -<span class=\"__1 _1bc\"> </span>Obl<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>ga<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>ones<span class=\"__1 _6\"></span> y bo<span class=\"__1 _6\"></span>nos            63<span class=\"__1 _6\"></span>.300 <span class=\"__1 _124\"> </span>            66.400<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>              (76<span class=\"__1 _6\"></span>.300<span class=\"__1 _6\"></span>)<span class=\"__1 _2a\"> </span>                         -   <span class=\"__1 _cb\"> </span>                   -   <span class=\"__1 _15d\"> </span>                           -   <span class=\"__1 _cb\"> </span>                        -   <span class=\"__1 _cb\"> </span>                           -   <span class=\"__1 _70\"></span>                  (353<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            53.04<span class=\"__1 _6\"></span>7<span class=\"__1 _1bc\"> </span>Pr<span class=\"__1 _6\"></span>\u00e9sta<span class=\"__1 _6\"></span>mos<span class=\"__1 _6\"></span> ba<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>os            94<span class=\"__1 _6\"></span>.461 <span class=\"__1 _a8\"> </span>          27<span class=\"__1 _6\"></span>2.33<span class=\"__1 _6\"></span>9                   (7.500)<span class=\"__1 _2a\"> </span>                         -   <span class=\"__1 _c9\"> </span>                   -   <span class=\"__1 _127\"> </span>                           -   <span class=\"__1 _5\"></span>                     29<span class=\"__1 _6\"></span>8 <span class=\"__1 _c1\"> </span>                           -   <span class=\"__1 _ca\"> </span>                        -             3<span class=\"__1 _6\"></span>59<span class=\"__1 _6\"></span>.598<span class=\"__1 _1bc\"> </span>Otros<span class=\"__1 _8\"></span> pa<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>vos<span class=\"__1 _6\"></span> fi<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>eros            49<span class=\"__1 _6\"></span>.973 <span class=\"__1 _a8\"> </span>                  85<span class=\"__1 _6\"></span>8                   (7.905)<span class=\"__1 _2a\"> </span>                         -   <span class=\"__1 _c9\"> </span>                   -   <span class=\"__1 _145\"> </span>                        (71<span class=\"__1 _6\"></span>)<span class=\"__1 _2a\"> </span>                        -   <span class=\"__1 _cb\"> </span>                           -   <span class=\"__1 _6\"></span>                      3<span class=\"__1 _6\"></span>1 <span class=\"__1 _c9\"> </span>            42.88<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span>Deudas<span class=\"__1 _8\"></span> por<span class=\"__1 _6\"></span> i<span class=\"__1 _6\"></span>ntereses<span class=\"__1 _6\"></span>, cup<span class=\"__1 _6\"></span>\u00f3n y otro<span class=\"__1 _6\"></span>s              1.18<span class=\"__1 _6\"></span>6 <span class=\"__1 _159\"> </span>                     -   <span class=\"__1 _cb\"> </span>                         -   <span class=\"__1 _cb\"> </span>                         -   <span class=\"__1 _70\"></span>        (15<span class=\"__1 _6\"></span>.171<span class=\"__1 _6\"></span>)                        -   <span class=\"__1 _cb\"> </span>                           -   <span class=\"__1 _ca\"> </span>                        -   <span class=\"__1 _5\"></span>               2.30<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>Pa<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>vos<span class=\"__1 _6\"></span> po<span class=\"__1 _6\"></span>r derech<span class=\"__1 _6\"></span>o de us<span class=\"__1 _6\"></span>o s<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>bre a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>tiv<span class=\"__1 _6\"></span>os            37<span class=\"__1 _6\"></span>.603 <span class=\"__1 _113\"> </span>                     -   <span class=\"__1 _be\"></span>                 (5.953<span class=\"__1 _6\"></span>)<span class=\"__1 _2a\"> </span>                         -   <span class=\"__1 _105\"> </span>                    2<span class=\"__1 _6\"></span>.274<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>                        -   <span class=\"__1 _8\"></span>                    8.081<span class=\"__1 _6\"></span> <span class=\"__1 _111\"> </span>            4<span class=\"__1 _6\"></span>2.005          24<span class=\"__1 _6\"></span>6.522<span class=\"__1 _6\"></span> <span class=\"__1 _a8\"> </span>          339<span class=\"__1 _6\"></span>.597 <span class=\"__1 _c6\"> </span>              (97<span class=\"__1 _6\"></span>.658)<span class=\"__1 _2a\"> </span>                         -   <span class=\"__1 _70\"></span>        (15.171<span class=\"__1 _6\"></span>)<span class=\"__1 _158\"> </span>                  18<span class=\"__1 _6\"></span>.491 <span class=\"__1 _150\"> </span>                     298<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>                    8.08<span class=\"__1 _6\"></span>1 <span class=\"__1 _c6\"> </span>                  (32<span class=\"__1 _6\"></span>2)<span class=\"__1 _ce\"> </span>          499<span class=\"__1 _6\"></span>.838<span class=\"__1 _1bc\"> </span>I<span class=\"__1 _6\"></span>ns<span class=\"__1 _6\"></span>trumentos fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>eros<span class=\"__1 _8\"></span> deri<span class=\"__1 _6\"></span>va<span class=\"__1 _6\"></span>do<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>oc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>os<span class=\"__1 _6\"></span> a<span class=\"__1 _6\"></span> l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span> fi<span class=\"__1 _6\"></span>na<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>\u00f3n                     -   <span class=\"__1 _145\"> </span>                     -   <span class=\"__1 _cb\"> </span>                         -   <span class=\"__1 _c9\"> </span>                         -   <span class=\"__1 _c8\"> </span>            1.29<span class=\"__1 _6\"></span>9 <span class=\"__1 _159\"> </span>                           -   <span class=\"__1 _c9\"> </span>                        -   <span class=\"__1 _cb\"> </span>                           -                   (5.334<span class=\"__1 _6\"></span>)<span class=\"__1 _150\"> </span>             (4<span class=\"__1 _6\"></span>.035<span class=\"__1 _6\"></span>)          24<span class=\"__1 _6\"></span>6.522<span class=\"__1 _6\"></span> <span class=\"__1 _a8\"> </span>          339<span class=\"__1 _6\"></span>.597 <span class=\"__1 _ca\"> </span>              (9<span class=\"__1 _6\"></span>7.658<span class=\"__1 _6\"></span>)<span class=\"__1 _cc\"> </span>                         -            (13<span class=\"__1 _6\"></span>.872)<span class=\"__1 _12c\"> </span>                  1<span class=\"__1 _6\"></span>8.491<span class=\"__1 _6\"></span> <span class=\"__1 _ca\"> </span>                     29<span class=\"__1 _6\"></span>8 <span class=\"__1 _cb\"> </span>                    8.081 <span class=\"__1 _150\"> </span>               (5.656)<span class=\"__1 _c9\"> </span>          4<span class=\"__1 _6\"></span>95<span class=\"__1 _6\"></span>.803<span class=\"__1 _1bc\"> </span>Deuda fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>era<span class=\"__1 _6\"></span> Negoci<span class=\"__1 _6\"></span>o RENOVA<span class=\"__1 _70\"></span>BLES -<span class=\"__1 _1bc\"> </span>Obl<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>ga<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>ones<span class=\"__1 _6\"></span> y bo<span class=\"__1 _6\"></span>nos            78<span class=\"__1 _6\"></span>.436 <span class=\"__1 _d2\"> </span>                     -   <span class=\"__1 _cb\"> </span>                         -   <span class=\"__1 _cb\"> </span>                         -   <span class=\"__1 _cb\"> </span>                   -   <span class=\"__1 _e9\"> </span>                           -                         2<span class=\"__1 _6\"></span>61<span class=\"__1 _6\"></span> <span class=\"__1 _d0\"> </span>                           -   <span class=\"__1 _ca\"> </span>                        -   <span class=\"__1 _6\"></span>            7<span class=\"__1 _6\"></span>8.69<span class=\"__1 _6\"></span>7<span class=\"__1 _1bc\"> </span>Pr<span class=\"__1 _6\"></span>\u00e9sta<span class=\"__1 _6\"></span>mos<span class=\"__1 _6\"></span> ba<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>os            70<span class=\"__1 _6\"></span>.520 <span class=\"__1 _127\"> </span>                     -                  (27<span class=\"__1 _6\"></span>.067<span class=\"__1 _6\"></span>)<span class=\"__1 _aa\"> </span>                         -   <span class=\"__1 _cb\"> </span>                   -   <span class=\"__1 _e9\"> </span>                           -                         31<span class=\"__1 _6\"></span>8 <span class=\"__1 _d0\"> </span>                           -   <span class=\"__1 _ca\"> </span>                        -   <span class=\"__1 _8\"></span>            43.77<span class=\"__1 _6\"></span>1<span class=\"__1 _1bc\"> </span>Deudas<span class=\"__1 _8\"></span> por<span class=\"__1 _6\"></span> i<span class=\"__1 _6\"></span>ntereses<span class=\"__1 _6\"></span>, cup<span class=\"__1 _6\"></span>\u00f3n y otro<span class=\"__1 _6\"></span>s                    23<span class=\"__1 _6\"></span> <span class=\"__1 _106\"> </span>                     -   <span class=\"__1 _c1\"> </span>                         -   <span class=\"__1 _c9\"> </span>                         -   <span class=\"__1 _be\"></span>           (9.74<span class=\"__1 _6\"></span>2)<span class=\"__1 _159\"> </span>                    9<span class=\"__1 _6\"></span>.767 <span class=\"__1 _179\"> </span>                        -   <span class=\"__1 _cb\"> </span>                           -   <span class=\"__1 _ca\"> </span>                        -   <span class=\"__1 _6\"></span>                    4<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span>Pa<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>vos<span class=\"__1 _6\"></span> po<span class=\"__1 _6\"></span>r derech<span class=\"__1 _6\"></span>o de us<span class=\"__1 _6\"></span>o s<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>bre a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>tiv<span class=\"__1 _6\"></span>os              1.69<span class=\"__1 _6\"></span>7 <span class=\"__1 _15d\"> </span>                     -   <span class=\"__1 _8\"> </span>                 (1<span class=\"__1 _6\"></span>.429<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>                         -   <span class=\"__1 _6f\"> </span>                          90<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                        -   <span class=\"__1 _c6\"> </span>                    2<span class=\"__1 _6\"></span>.474 <span class=\"__1 _ce\"> </span>                        -   <span class=\"__1 _c6\"> </span>               2.83<span class=\"__1 _6\"></span>2          15<span class=\"__1 _6\"></span>0.676<span class=\"__1 _6\"></span> <span class=\"__1 _106\"> </span>                     -                  (2<span class=\"__1 _6\"></span>8.496<span class=\"__1 _6\"></span>)<span class=\"__1 _cc\"> </span>                         -   <span class=\"__1 _4\"> </span>           (9.<span class=\"__1 _5\"></span>742<span class=\"__1 _6\"></span>)<span class=\"__1 _15d\"> </span>                    9.857<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>                     57<span class=\"__1 _6\"></span>9 <span class=\"__1 _cb\"> </span>                    2.474 <span class=\"__1 _ce\"> </span>                        -              12<span class=\"__1 _6\"></span>5.34<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span>I<span class=\"__1 _6\"></span>ns<span class=\"__1 _6\"></span>trumentos fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>eros<span class=\"__1 _8\"></span> deri<span class=\"__1 _6\"></span>va<span class=\"__1 _6\"></span>do<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>oc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>os<span class=\"__1 _6\"></span> a<span class=\"__1 _6\"></span> l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span> fi<span class=\"__1 _6\"></span>na<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>\u00f3n              5.91<span class=\"__1 _6\"></span>0 <span class=\"__1 _15d\"> </span>                     -   <span class=\"__1 _cb\"> </span>                         -   <span class=\"__1 _cb\"> </span>                         -   <span class=\"__1 _c6\"> </span>            2.86<span class=\"__1 _6\"></span>7 <span class=\"__1 _159\"> </span>                           -   <span class=\"__1 _c9\"> </span>                        -   <span class=\"__1 _cb\"> </span>                           -   <span class=\"__1 _8\"></span>               (5<span class=\"__1 _6\"></span>.748<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>               3<span class=\"__1 _6\"></span>.029          15<span class=\"__1 _6\"></span>6.586<span class=\"__1 _6\"></span> <span class=\"__1 _106\"> </span>                     -                  (2<span class=\"__1 _6\"></span>8.496<span class=\"__1 _6\"></span>)<span class=\"__1 _cc\"> </span>                         -   <span class=\"__1 _4\"> </span>           (6.<span class=\"__1 _5\"></span>875<span class=\"__1 _6\"></span>)<span class=\"__1 _15d\"> </span>                    9.857<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>                     57<span class=\"__1 _6\"></span>9 <span class=\"__1 _cb\"> </span>                    2.474 <span class=\"__1 _150\"> </span>               (5.748)<span class=\"__1 _c9\"> </span>          1<span class=\"__1 _6\"></span>28<span class=\"__1 _6\"></span>.377<span class=\"__1 _1bc\"> </span>40<span class=\"__1 _6\"></span>3.10<span class=\"__1 _6\"></span>8<span class=\"__1 _59\"> </span>3<span class=\"__1 _6\"></span>39<span class=\"__1 _6\"></span>.597<span class=\"__1 _150\"> </span><span class=\"ls85\">            (12<span class=\"__1 _6\"></span>6.154<span class=\"__1 _6\"></span>)<span class=\"__1 _cc\"> </span>                         -            (20.74<span class=\"__1 _6\"></span>7)<span class=\"__1 _f\"> </span></span>28<span class=\"__1 _6\"></span>.348<span class=\"__1 _16\"> </span><span class=\"ls87\">877<span class=\"__1 _10c\"> </span></span>1<span class=\"__1 _6\"></span>0.55<span class=\"__1 _6\"></span>5<span class=\"__1 _49\"> </span>-11<span class=\"__1 _6\"></span>.404<span class=\"__1 _d2\"> </span>624<span class=\"__1 _6\"></span>.180<span class=\"__1 _1bc\"> </span>Fl<span class=\"__1 _6\"></span>uj<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span> de e<span class=\"__1 _5\"></span>fecti<span class=\"__1 _6\"></span>vo<span class=\"__1 _1bc\"> </span>Var<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>nes d<span class=\"__1 _6\"></span>e de<span class=\"__1 _5\"></span>uda<span class=\"__1 _6\"></span> s<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>n i<span class=\"__1 _6\"></span>mpa<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>to e<span class=\"__1 _5\"></span>n EFE<span class=\"__1 _1bc\"> </span>2022<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span> de Euros<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>do<span class=\"__1 _1bc\"> </span>1/1<span class=\"__1 _6\"></span>/20<span class=\"__1 _6\"></span>22<span class=\"__1 _1bc\"> </span>Em<span class=\"__1 _5\"></span>i<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones <span class=\"__1 _6\"></span>y<span class=\"__1 _1bc\"> </span>di<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>pos<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _1bc\"> </span>(Ne<span class=\"__1 _70\"></span>ta<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span>gas<span class=\"__1 _8\"></span>tos)<span class=\"__1 _1bc\"> </span>Ree<span class=\"__1 _70\"></span>mbol<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span> /<span class=\"__1 _1bc\"> </span>Cuota<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> pa<span class=\"__1 _6\"></span>ga<span class=\"__1 _6\"></span>da<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>Recompra<span class=\"__1 _1bc\"> </span>bonos<span class=\"__1 _1bc\"> </span>Pa<span class=\"__1 _6\"></span>go de<span class=\"__1 _1bc\"> </span>i<span class=\"__1 _6\"></span>ntereses<span class=\"__1 _1bc\"> </span>Deve<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>go de<span class=\"__1 _1bc\"> </span>i<span class=\"__1 _6\"></span>ntereses<span class=\"__1 _1bc\"> </span>Deve<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>go de<span class=\"__1 _1bc\"> </span>cos<span class=\"__1 _8\"></span>te<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> de<span class=\"__1 _1bc\"> </span>estruc<span class=\"__1 _6\"></span>tura<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _1bc\"> </span>Var<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>nes p<span class=\"__1 _6\"></span>or<span class=\"__1 _1bc\"> </span>derechos<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e uso<span class=\"__1 _1bc\"> </span>s<span class=\"__1 _6\"></span>obr<span class=\"__1 _6\"></span>e ac<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vos<span class=\"__1 _1bc\"> </span>Actual<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>za<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _1bc\"> </span>fi<span class=\"__1 _6\"></span>na<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>era<span class=\"__1 _6\"></span> y<span class=\"__1 _1bc\"> </span>otros<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>do<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/12<span class=\"__1 _6\"></span>/20<span class=\"__1 _6\"></span>22<span class=\"__1 _1bc\"> </span>Deuda fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>era<span class=\"__1 _6\"></span> Negoci<span class=\"__1 _6\"></span>o CELUL<span class=\"__1 _70\"></span>O<span class=\"__1 _6\"></span>SA -<span class=\"__1 _1bc\"> </span>Obl<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>ga<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>ones<span class=\"__1 _6\"></span> y bo<span class=\"__1 _6\"></span>nos<span class=\"__1 _6\"></span> (Nota<span class=\"__1 _6\"></span> 29<span class=\"__1 _6\"></span>.1)          12<span class=\"__1 _6\"></span>5.568<span class=\"__1 _6\"></span> <span class=\"__1 _159\"> </span>                     -   <span class=\"__1 _c9\"> </span>                         -   <span class=\"__1 _bf\"></span>              (65<span class=\"__1 _6\"></span>.279<span class=\"__1 _6\"></span>)<span class=\"__1 _2a\"> </span>                   -   <span class=\"__1 _15d\"> </span>                           -   <span class=\"__1 _70\"></span>                     4<span class=\"__1 _6\"></span>98<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>                           -   <span class=\"__1 _5\"></span>                 2.51<span class=\"__1 _6\"></span>3 <span class=\"__1 _c9\"> </span>            63.30<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span>Pr<span class=\"__1 _6\"></span>\u00e9sta<span class=\"__1 _6\"></span>mos<span class=\"__1 _6\"></span> ba<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>os          10<span class=\"__1 _6\"></span>4.305<span class=\"__1 _6\"></span> <span class=\"__1 _159\"> </span>                     -   <span class=\"__1 _70\"></span>              (10.00<span class=\"__1 _6\"></span>0)<span class=\"__1 _2a\"> </span>                         -   <span class=\"__1 _c9\"> </span>                   -   <span class=\"__1 _127\"> </span>                           -                        156 <span class=\"__1 _179\"> </span>                           -   <span class=\"__1 _ca\"> </span>                        -   <span class=\"__1 _6\"></span>            9<span class=\"__1 _6\"></span>4.46<span class=\"__1 _6\"></span>1<span class=\"__1 _1bc\"> </span>Otros<span class=\"__1 _8\"></span> pa<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>vos<span class=\"__1 _6\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>eros            58<span class=\"__1 _6\"></span>.038 <span class=\"__1 _124\"> </span>                    66                   (8.093)<span class=\"__1 _2a\"> </span>                         -   <span class=\"__1 _c9\"> </span>                   -   <span class=\"__1 _145\"> </span>                        (61<span class=\"__1 _6\"></span>)<span class=\"__1 _2a\"> </span>                        -   <span class=\"__1 _cb\"> </span>                           -   <span class=\"__1 _8\"></span>                      23 <span class=\"__1 _c9\"> </span>            49.97<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>Deudas<span class=\"__1 _8\"></span> por<span class=\"__1 _6\"></span> i<span class=\"__1 _6\"></span>ntereses<span class=\"__1 _6\"></span>, cup<span class=\"__1 _6\"></span>\u00f3n y otro<span class=\"__1 _6\"></span>s              1.20<span class=\"__1 _6\"></span>8 <span class=\"__1 _159\"> </span>                     -   <span class=\"__1 _c9\"> </span>                         -   <span class=\"__1 _cb\"> </span>                         -   <span class=\"__1 _be\"></span>           (5.17<span class=\"__1 _6\"></span>4)<span class=\"__1 _15d\"> </span>                    5<span class=\"__1 _6\"></span>.152<span class=\"__1 _6\"></span> <span class=\"__1 _2a\"> </span>                        -   <span class=\"__1 _cb\"> </span>                           -   <span class=\"__1 _ca\"> </span>                        -   <span class=\"__1 _5\"></span>               1.18<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span>Pa<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>vos<span class=\"__1 _6\"></span> po<span class=\"__1 _6\"></span>r d<span class=\"__1 _6\"></span>erecho de us<span class=\"__1 _6\"></span>o s<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>bre a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>tiv<span class=\"__1 _6\"></span>os            16<span class=\"__1 _6\"></span>.444 <span class=\"__1 _113\"> </span>                     -   <span class=\"__1 _be\"></span>                 (4.72<span class=\"__1 _6\"></span>2)<span class=\"__1 _2a\"> </span>                         -   <span class=\"__1 _14e\"> </span>                    1.927<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>                        -                     2<span class=\"__1 _6\"></span>3.95<span class=\"__1 _6\"></span>4 <span class=\"__1 _cc\"> </span>                        -   <span class=\"__1 _8\"></span>            37<span class=\"__1 _6\"></span>.603          30<span class=\"__1 _6\"></span>5.561<span class=\"__1 _6\"></span> <span class=\"__1 _186\"> </span>                    66<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>              (2<span class=\"__1 _6\"></span>2.815<span class=\"__1 _6\"></span>)<span class=\"__1 _cb\"> </span>              (65<span class=\"__1 _6\"></span>.279)<span class=\"__1 _150\"> </span>           (5.174)<span class=\"__1 _159\"> </span>                    7<span class=\"__1 _6\"></span>.018 <span class=\"__1 _150\"> </span>                     654<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>                  2<span class=\"__1 _6\"></span>3.954<span class=\"__1 _6\"></span> <span class=\"__1 _ca\"> </span>                 2.53<span class=\"__1 _6\"></span>6 <span class=\"__1 _150\"> </span>          2<span class=\"__1 _6\"></span>46<span class=\"__1 _6\"></span>.522          30<span class=\"__1 _6\"></span>5.561<span class=\"__1 _6\"></span> <span class=\"__1 _186\"> </span>                    66<span class=\"__1 _6\"></span> <span class=\"__1 _ca\"> </span>              (22<span class=\"__1 _6\"></span>.815)<span class=\"__1 _cb\"> </span>              (6<span class=\"__1 _6\"></span>5.279<span class=\"__1 _6\"></span>)<span class=\"__1 _150\"> </span>           (5.17<span class=\"__1 _6\"></span>4)<span class=\"__1 _15d\"> </span>                    7.018<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>                     6<span class=\"__1 _6\"></span>54<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>                  2<span class=\"__1 _6\"></span>3.954<span class=\"__1 _6\"></span> <span class=\"__1 _ca\"> </span>                 2<span class=\"__1 _6\"></span>.536 <span class=\"__1 _cb\"> </span>          246<span class=\"__1 _6\"></span>.522<span class=\"__1 _1bc\"> </span>Deuda fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>era<span class=\"__1 _6\"></span> Negoci<span class=\"__1 _6\"></span>o ENER<span class=\"__1 _5\"></span>GIA REN<span class=\"__1 _5\"></span>OVA<span class=\"__1 _5\"></span>BLE<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>-<span class=\"__1 _1bc\"> </span>Obl<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>ga<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>ones<span class=\"__1 _6\"></span> y bo<span class=\"__1 _6\"></span>nos            92<span class=\"__1 _6\"></span>.106 <span class=\"__1 _d2\"> </span>                     -   <span class=\"__1 _cb\"> </span>                         -   <span class=\"__1 _bf\"></span>              (1<span class=\"__1 _6\"></span>4.00<span class=\"__1 _6\"></span>0)<span class=\"__1 _2a\"> </span>                   -   <span class=\"__1 _187\"> </span>                           -                         33<span class=\"__1 _6\"></span>0 <span class=\"__1 _d0\"> </span>                           -   <span class=\"__1 _ca\"> </span>                        -   <span class=\"__1 _8\"></span>            78<span class=\"__1 _6\"></span>.436<span class=\"__1 _1bc\"> </span>Pr<span class=\"__1 _6\"></span>\u00e9sta<span class=\"__1 _6\"></span>mos<span class=\"__1 _6\"></span> ba<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>os            99<span class=\"__1 _6\"></span>.447 <span class=\"__1 _127\"> </span>                     -                  (2<span class=\"__1 _6\"></span>9.40<span class=\"__1 _6\"></span>0)<span class=\"__1 _aa\"> </span>                         -   <span class=\"__1 _cb\"> </span>                   -   <span class=\"__1 _e9\"> </span>                           -                         4<span class=\"__1 _6\"></span>73<span class=\"__1 _6\"></span> <span class=\"__1 _d0\"> </span>                           -   <span class=\"__1 _ca\"> </span>                        -   <span class=\"__1 _6\"></span>            7<span class=\"__1 _6\"></span>0.52<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span>Deudas<span class=\"__1 _8\"></span> por<span class=\"__1 _6\"></span> i<span class=\"__1 _6\"></span>ntereses<span class=\"__1 _6\"></span>, cup<span class=\"__1 _6\"></span>\u00f3n y otro<span class=\"__1 _6\"></span>s                      7 <span class=\"__1 _15d\"> </span>                     -   <span class=\"__1 _c1\"> </span>                         -   <span class=\"__1 _cb\"> </span>                         -   <span class=\"__1 _c0\"></span>           (5.06<span class=\"__1 _6\"></span>5)<span class=\"__1 _15d\"> </span>                    5<span class=\"__1 _6\"></span>.081<span class=\"__1 _6\"></span> <span class=\"__1 _2a\"> </span>                        -   <span class=\"__1 _cb\"> </span>                           -   <span class=\"__1 _ca\"> </span>                        -   <span class=\"__1 _8\"></span>                    23<span class=\"__1 _1bc\"> </span>Pa<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>vos<span class=\"__1 _6\"></span> po<span class=\"__1 _6\"></span>r d<span class=\"__1 _6\"></span>erecho de us<span class=\"__1 _6\"></span>o s<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>bre a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>tiv<span class=\"__1 _6\"></span>os              1.12<span class=\"__1 _6\"></span>7 <span class=\"__1 _15d\"> </span>                     -   <span class=\"__1 _4\"> </span>                 (1.169)<span class=\"__1 _cf\"> </span>                         -   <span class=\"__1 _1d\"> </span>                          5<span class=\"__1 _6\"></span>1 <span class=\"__1 _ce\"> </span>                        -   <span class=\"__1 _c8\"> </span>                    1<span class=\"__1 _6\"></span>.688<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>                        -   <span class=\"__1 _c8\"> </span>               1<span class=\"__1 _6\"></span>.697          19<span class=\"__1 _6\"></span>2.687<span class=\"__1 _6\"></span> <span class=\"__1 _127\"> </span>                     -                  (30.569<span class=\"__1 _6\"></span>)<span class=\"__1 _cb\"> </span>              (14<span class=\"__1 _6\"></span>.000<span class=\"__1 _6\"></span>)<span class=\"__1 _150\"> </span>           (5.065<span class=\"__1 _6\"></span>)<span class=\"__1 _15d\"> </span>                    5.132<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>                     8<span class=\"__1 _6\"></span>03 <span class=\"__1 _cb\"> </span>                    1.688<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                        -              1<span class=\"__1 _6\"></span>50<span class=\"__1 _6\"></span>.676<span class=\"__1 _1bc\"> </span>I<span class=\"__1 _6\"></span>ns<span class=\"__1 _6\"></span>trumentos fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>eros<span class=\"__1 _8\"></span> deri<span class=\"__1 _6\"></span>va<span class=\"__1 _6\"></span>do<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>oc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>os<span class=\"__1 _6\"></span> a<span class=\"__1 _6\"></span> l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span> fi<span class=\"__1 _6\"></span>na<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>\u00f3n              4.78<span class=\"__1 _6\"></span>1 <span class=\"__1 _15d\"> </span>                     -   <span class=\"__1 _cb\"> </span>                         -   <span class=\"__1 _c9\"> </span>                         -   <span class=\"__1 _8\"></span>           (2.12<span class=\"__1 _6\"></span>1)<span class=\"__1 _113\"> </span>                           -   <span class=\"__1 _cb\"> </span>                        -   <span class=\"__1 _cb\"> </span>                           -                     3.25<span class=\"__1 _6\"></span>0 <span class=\"__1 _c9\"> </span>               5.910          19<span class=\"__1 _6\"></span>7.468<span class=\"__1 _6\"></span> <span class=\"__1 _127\"> </span>                     -                  (30.569<span class=\"__1 _6\"></span>)<span class=\"__1 _cb\"> </span>              (14<span class=\"__1 _6\"></span>.000<span class=\"__1 _6\"></span>)<span class=\"__1 _150\"> </span>           (7.186<span class=\"__1 _6\"></span>)<span class=\"__1 _15d\"> </span>                    5.132<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>                     8<span class=\"__1 _6\"></span>03 <span class=\"__1 _cb\"> </span>                    1.688<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>                 3.25<span class=\"__1 _6\"></span>0 <span class=\"__1 _150\"> </span>          1<span class=\"__1 _6\"></span>56<span class=\"__1 _6\"></span>.586<span class=\"__1 _1bc\"> </span>50<span class=\"__1 _6\"></span>3.03<span class=\"__1 _6\"></span>0<span class=\"__1 _74\"> </span><span class=\"ls8a\">66<span class=\"__1 _150\"> </span><span class=\"ls89\">              (53.384<span class=\"__1 _6\"></span>)<span class=\"__1 _cb\"> </span>              (79<span class=\"__1 _6\"></span>.279<span class=\"__1 _6\"></span>)<span class=\"__1 _cb\"> </span>        (12<span class=\"__1 _6\"></span>.360)<span class=\"__1 _f\"> </span></span></span>1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.150<span class=\"__1 _5a\"> </span>1<span class=\"__1 _6\"></span>.457<span class=\"__1 _fb\"> </span>25<span class=\"__1 _6\"></span>.642<span class=\"__1 _7c\"> </span>5<span class=\"__1 _6\"></span>.786<span class=\"__1 _d2\"> </span>40<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.108<span class=\"__1 _1bc\"> </span>Fl<span class=\"__1 _6\"></span>uj<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span> de efe<span class=\"__1 _70\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vo<span class=\"__1 _1bc\"> </span>Var<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>nes d<span class=\"__1 _6\"></span>e de<span class=\"__1 _5\"></span>uda<span class=\"__1 _6\"></span> s<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>n i<span class=\"__1 _6\"></span>mpa<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>to en E<span class=\"__1 _5\"></span>FE<span class=\"__1 _1bc\"> </span>30.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Instrumentos financieros derivados<span class=\"__1 _1bc\"> </span></span></span>Siguiendo la pol\u00edtica d<span class=\"__1 _6\"></span>e gesti\u00f3n d<span class=\"__1 _6\"></span>e riesgos financieros d<span class=\"__1 _6\"></span>escrita en <span class=\"__1 _6\"></span>la No<span class=\"__1 _6\"></span>ta 5, el Grupo <span class=\"__1 _6\"></span>realiza contrata<span class=\"__1 _6\"></span>ciones<span class=\"__1 _1bc\"> </span>de instrumentos fin<span class=\"__1 _6\"></span>ancieros derivado<span class=\"__1 _6\"></span>s principalmente para <span class=\"__1 _6\"></span>cubrir sus r<span class=\"__1 _6\"></span>iesgos financieros.<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _5\"></span>detalle <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>este ep\u00edgrafe <span class=\"__1 _5\"></span>del Estado <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>Situ<span class=\"__1 _6\"></span>aci\u00f3n <span class=\"__1 _5\"></span>Financiera Consolidado <span class=\"__1 _70\"></span>al 31 <span class=\"__1 _70\"></span>de diciembre <span class=\"__1 _70\"></span>de 2023 <span class=\"__1 _70\"></span>y 2022<span class=\"__1 _1bc\"> </span>que <span class=\"__1 _6\"></span>se <span class=\"__1 _8\"></span>corresponde <span class=\"__1 _6\"></span>con <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>val<span class=\"__1 _6\"></span>or <span class=\"__1 _6\"></span>razonab<span class=\"__1 _6\"></span>le <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>instru<span class=\"__1 _6\"></span>mentos <span class=\"__1 _6\"></span>financieros <span class=\"__1 _8\"></span>derivados <span class=\"__1 _8\"></span>en es<span class=\"__1 _6\"></span>as <span class=\"__1 _6\"></span>fechas,<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>el<span class=\"__1 _1bc\"> </span>siguiente: El <span class=\"__1 _70\"></span>importe <span class=\"__1 _5\"></span>del <span class=\"__1 _70\"></span>valor razonable <span class=\"__1 _70\"></span>tras<span class=\"__1 _6\"></span>pasado <span class=\"__1 _70\"></span>al resultado <span class=\"__1 _70\"></span>del <span class=\"__1 _70\"></span>ejercicio <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>los instrumentos <span class=\"__1 _70\"></span>financieros derivados<span class=\"__1 _1bc\"> </span>al 31 de diciembre de 20<span class=\"__1 _6\"></span>23 y 2022 es el siguient<span class=\"__1 _6\"></span>e:<span class=\"__1 _1bc\"> </span>Todos <span class=\"__1 _8\"></span>los <span class=\"__1 _4\"></span>instrumentos <span class=\"__1 _8\"></span>financieros <span class=\"__1 _8\"></span>derivad<span class=\"__1 _6\"></span>os <span class=\"__1 _8\"></span>contra<span class=\"__1 _6\"></span>tados <span class=\"__1 _8\"></span>por <span class=\"__1 _8\"></span>E<span class=\"__1 _6\"></span>NCE <span class=\"__1 _8\"></span>al <span class=\"__1 _4\"></span>31<span class=\"__1 _70\"></span> <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>diciembre <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>2023 <span class=\"__1 _4\"></span>califican<span class=\"__1 _1bc\"> </span>como cobertura conta<span class=\"__1 _6\"></span>ble. 30.1<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Coberturas de divisa<span class=\"__1 _1bc\"> </span></span></span>ENCE <span class=\"__1 _4\"></span>cubre <span class=\"__1 _8\"></span>las <span class=\"__1 _4\"></span>fluctuaciones <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>tipo <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>cambio <span class=\"__1 _4\"></span>d\u00f3lar/euro, <span class=\"__1 _4\"></span>que <span class=\"__1 _8\"></span>afectan <span class=\"__1 _4\"></span>significativam<span class=\"__1 _6\"></span>ente <span class=\"__1 _4\"></span>al <span class=\"__1 _8\"></span>precio <span class=\"__1 _4\"></span>de<span class=\"__1 _1bc\"> </span>venta <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>celulosa, con<span class=\"__1 _5\"></span> <span class=\"__1 _70\"></span>t\u00faneles <span class=\"__1 _70\"></span>en la <span class=\"__1 _70\"></span>modalidad <span class=\"__1 _70\"></span>asi\u00e1tica. Su <span class=\"__1 _70\"></span>detalle <span class=\"__1 _70\"></span>al <span class=\"__1 _70\"></span>31 <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>diciembre <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>2023 <span class=\"__1 _70\"></span>es e<span class=\"__1 _5\"></span>l <span class=\"__1 _70\"></span>siguient<span class=\"__1 _6\"></span>e:<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es <span class=\"__1 _6\"></span>de E<span class=\"__1 _70\"></span>u<span class=\"__1 _6\"></span>ro<span class=\"__1 _6\"></span>s<span class=\"__1 _133\"> </span>31<span class=\"__1 _6\"></span>/12<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>02<span class=\"__1 _6\"></span>3<span class=\"__1 _179\"> </span>3<span class=\"__1 _6\"></span>1/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/20<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>2<span class=\"__1 _c1\"> </span>31/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/20<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3<span class=\"__1 _179\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>22<span class=\"__1 _179\"> </span>3<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>/12<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>02<span class=\"__1 _6\"></span>3<span class=\"__1 _179\"> </span>3<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>/12<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>02<span class=\"__1 _6\"></span>2<span class=\"__1 _179\"> </span>3<span class=\"__1 _6\"></span>1/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/20<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3<span class=\"__1 _179\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>22<span class=\"__1 _1bc\"> </span>Cobertura<span class=\"__1 _8\"></span> de fl<span class=\"__1 _6\"></span>uj<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> efe<span class=\"__1 _70\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vo-   I<span class=\"__1 _6\"></span>RSwa<span class=\"__1 _6\"></span>p<span class=\"__1 _109\"> </span><span class=\"ls91\">            1.28<span class=\"__1 _6\"></span>3 <span class=\"__1 _cd\"> </span>            3.22<span class=\"__1 _6\"></span>4 <span class=\"__1 _cb\"> </span>            1<span class=\"__1 _6\"></span>.718<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>            2<span class=\"__1 _6\"></span>.579<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>            3<span class=\"__1 _6\"></span>.441<span class=\"__1 _6\"></span> <span class=\"__1 _2a\"> </span>                   -   <span class=\"__1 _6\"></span>               5<span class=\"__1 _6\"></span>93<span class=\"__1 _6\"></span> <span class=\"__1 _2a\"> </span>                   -</span><span class=\"ls91\"> </span>   Comi<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>\u00f3<span class=\"__1 _6\"></span>n es<span class=\"__1 _6\"></span>truc<span class=\"__1 _6\"></span>tura<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3n I<span class=\"__1 _8\"></span>RSwap<span class=\"__1 _1b\"> </span><span class=\"ls91\">                  27 <span class=\"__1 _ce\"> </span>               1<span class=\"__1 _6\"></span>07<span class=\"__1 _6\"></span> <span class=\"__1 _119\"> </span>                   -   <span class=\"__1 _c9\"> </span>                   -   <span class=\"__1 _c9\"> </span>                   -   <span class=\"__1 _c9\"> </span>                   -   <span class=\"__1 _c9\"> </span>                   -   <span class=\"__1 _c9\"> </span>                   - </span>   Cobertur<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> de di<span class=\"__1 _6\"></span>vi<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>a<span class=\"__1 _191\"> </span><span class=\"ls91\">                   -   <span class=\"__1 _c9\"> </span>                   -   <span class=\"__1 _70\"></span>            1<span class=\"__1 _6\"></span>.057<span class=\"__1 _6\"></span> <span class=\"__1 _2a\"> </span>                   -   <span class=\"__1 _c9\"> </span>                   -   <span class=\"__1 _c9\"> </span>                   -   <span class=\"__1 _c9\"> </span>                   -   <span class=\"__1 _6\"></span>               3<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span></span>Tota<span class=\"__1 _5\"></span>l<span class=\"__1 _8c\"> </span><span class=\"ls91\">            1.310<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>            3<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>33<span class=\"__1 _6\"></span>1 <span class=\"__1 _cb\"> </span>            2<span class=\"__1 _6\"></span>.775<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>            2.57<span class=\"__1 _6\"></span>9 <span class=\"__1 _cd\"> </span>            3.441<span class=\"__1 _6\"></span> <span class=\"__1 _2a\"> </span>                   -   <span class=\"__1 _7c\"> </span><span class=\"ls92\">593<span class=\"__1 _16\"> </span>358<span class=\"__1 _1bc\"> </span></span></span>A<span class=\"__1 _5\"></span>cti<span class=\"__1 _8\"></span>vo no c<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ent<span class=\"__1 _70\"></span>e<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _5\"></span>cti<span class=\"__1 _8\"></span>vo c<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>ente<span class=\"__1 _1bc\"> </span>Pa<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>vo no c<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>rr<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ent<span class=\"__1 _5\"></span>e<span class=\"__1 _1bc\"> </span>Pa<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>vo c<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>te<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> Euro<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> - I<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>gres<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>/(Ga<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>to)<span class=\"__1 _8e\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3<span class=\"__1 _aa\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>I<span class=\"__1 _6\"></span>mpa<span class=\"__1 _6\"></span>c<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>o en res<span class=\"__1 _6\"></span>ul<span class=\"__1 _4\"></span>t<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span>dos<span class=\"__1 _8\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> e<span class=\"__1 _5\"></span>xp<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>ota<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3<span class=\"__1 _6\"></span>n-   Cob<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>t<span class=\"__1 _5\"></span>ur<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span> de di<span class=\"__1 _8\"></span>vi<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>a<span class=\"__1 _176\"> </span><span class=\"ls93\">              (37<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>        (2<span class=\"__1 _6\"></span>0.4<span class=\"__1 _6\"></span>25<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>Cobertur<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>pr<span class=\"__1 _6\"></span>eci<span class=\"__1 _8\"></span>o d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> l<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span> c<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>a<span class=\"__1 _6b\"> </span><span class=\"ls93\">                     - <span class=\"__1 _cd\"> </span>                  73</span>   Cob<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>t<span class=\"__1 _5\"></span>ur<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span> pr<span class=\"__1 _6\"></span>eci<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span> ve<span class=\"__1 _5\"></span>nta<span class=\"__1 _6\"></span> ene<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>g\u00eda<span class=\"__1 _8\"></span> e<span class=\"__1 _70\"></span>l<span class=\"__1 _4\"></span>\u00e9<span class=\"__1 _70\"></span>c<span class=\"__1 _6\"></span>tri<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _14d\"> </span><span class=\"ls93\">                     - <span class=\"__1 _cf\"> </span>                    9<span class=\"__1 _1bc\"> </span></span>Subtota<span class=\"__1 _6\"></span>l<span class=\"__1 _128\"> </span><span class=\"ls93\">              (3<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>        (2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.343<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>I<span class=\"__1 _6\"></span>mpa<span class=\"__1 _6\"></span>c<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>o en res<span class=\"__1 _6\"></span>ul<span class=\"__1 _4\"></span>t<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span>dos<span class=\"__1 _8\"></span> fi<span class=\"__1 _4\"></span>na<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _4\"></span>e<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span>-   I<span class=\"__1 _8\"></span>RSw<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span> (Not<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span> 1<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>)<span class=\"__1 _13b\"> </span><span class=\"ls93\">            3<span class=\"__1 _6\"></span>.24<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>          (1.46<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>T<span class=\"__1 _5\"></span>ot<span class=\"__1 _6\"></span>a<span class=\"__1 _5\"></span>l<span class=\"__1 _121\"> </span><span class=\"ls93\">            2<span class=\"__1 _6\"></span>.<span class=\"__1 _70\"></span>8<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>          (2<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.<span class=\"__1 _70\"></span>8<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>St<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>ke<span class=\"__1 _103\"> </span>Stri<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>ke<span class=\"__1 _f9\"> </span>Noci<span class=\"__1 _4\"></span>ona<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span>Subya<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>ent<span class=\"__1 _70\"></span>e<span class=\"__1 _192\"> </span>Ca<span class=\"__1 _6\"></span>l<span class=\"__1 _4\"></span>l<span class=\"__1 _74\"> </span>P<span class=\"__1 _6\"></span>ut<span class=\"__1 _25\"> </span>(Mn.<span class=\"__1 _5\"></span> USD)<span class=\"__1 _1bc\"> </span>E<span class=\"__1 _5\"></span>UR<span class=\"__1 _5\"></span>/USD<span class=\"__1 _42\"> </span>1,06<span class=\"__1 _6\"></span>3<span class=\"__1 _8b\"> </span>1<span class=\"__1 _6\"></span>,1<span class=\"__1 _6\"></span>10<span class=\"__1 _1f\"> </span>2<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>,5<span class=\"__1 _1bc\"> </span>E<span class=\"__1 _5\"></span>UR<span class=\"__1 _5\"></span>/USD<span class=\"__1 _42\"> </span>1,06<span class=\"__1 _6\"></span>4<span class=\"__1 _8b\"> </span>1<span class=\"__1 _6\"></span>,1<span class=\"__1 _6\"></span>08<span class=\"__1 _1f\"> </span>2<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>,5<span class=\"__1 _1bc\"> </span>E<span class=\"__1 _5\"></span>UR<span class=\"__1 _5\"></span>/USD<span class=\"__1 _42\"> </span>1,06<span class=\"__1 _6\"></span>7<span class=\"__1 _8b\"> </span>1<span class=\"__1 _6\"></span>,0<span class=\"__1 _6\"></span>99<span class=\"__1 _1f\"> </span>1<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>,5<span class=\"__1 _1bc\"> </span>E<span class=\"__1 _5\"></span>UR<span class=\"__1 _5\"></span>/USD<span class=\"__1 _42\"> </span>1,08<span class=\"__1 _6\"></span>5<span class=\"__1 _8b\"> </span>1<span class=\"__1 _6\"></span>,1<span class=\"__1 _6\"></span>10<span class=\"__1 _d7\"> </span>9,0<span class=\"__1 _1bc\"> </span>83<span class=\"__1 _6\"></span>,5<span class=\"__1 _1bc\"> </span>4\u00ba T<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>me<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> 2<span class=\"__1 _6\"></span>02<span class=\"__1 _6\"></span>4<span class=\"__1 _1bc\"> </span>3\u00ba T<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>me<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> 2<span class=\"__1 _6\"></span>02<span class=\"__1 _6\"></span>4<span class=\"__1 _1bc\"> </span>2\u00ba T<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>me<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> 2<span class=\"__1 _6\"></span>02<span class=\"__1 _6\"></span>4<span class=\"__1 _1bc\"> </span>1\u00ba T<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>me<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> 2<span class=\"__1 _6\"></span>02<span class=\"__1 _6\"></span>4<span class=\"__1 _1bc\"> </span>V<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>mi<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>t<span class=\"__1 _5\"></span>o<span class=\"__1 _1bc\"> </span><div class=\"c_1 w2_1 h58 gs1b6\"><div class=\"t_1 m0_1 x1f h8_1 y1ef ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Los <span class=\"__1 _6\"></span>contratos<span class=\"__1 _6\"></span> vigentes <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>31 <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>dicie<span class=\"__1 _6\"></span>mbre de <span class=\"__1 _8\"></span>2023 <span class=\"__1 _6\"></span>cubren <span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>proximadamente <span class=\"__1 _6\"></span>un <span class=\"__1 _6\"></span>17,47<span class=\"__1 _6\"></span>% <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>un <span class=\"__1 _6\"></span>8,15% <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>las<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1f h8_1 y21b ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">ventas de <span class=\"__1 _70\"></span>celulosa previstas <span class=\"__1 _5\"></span>en <span class=\"__1 _5\"></span>el <span class=\"__1 _70\"></span>prim<span class=\"__1 _6\"></span>er y <span class=\"__1 _70\"></span>segundo semestre <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>2<span class=\"__1 _6\"></span>024, <span class=\"__1 _5\"></span>respectivamente.<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>Al <span class=\"__1 _5\"></span>31 de <span class=\"__1 _70\"></span>di<span class=\"__1 _6\"></span>ciembre<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1f h8_1 y21c ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">de 2022, <span class=\"__1 _6\"></span>los con<span class=\"__1 _6\"></span>tratos <span class=\"__1 _6\"></span>vigentes cubr\u00edan <span class=\"__1 _6\"></span>aproximadamente <span class=\"__1 _6\"></span>un<span class=\"__1 _6\"></span> 10,11% y<span class=\"__1 _6\"></span> un <span class=\"__1 _6\"></span>8,13% de <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>ventas de <span class=\"__1 _6\"></span>celulosa<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1f h8_1 y240 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">previstas en el p<span class=\"__1 _6\"></span>rimer y segundo semestre de 202<span class=\"__1 _6\"></span>3, respectiv<span class=\"__1 _6\"></span>amente.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x1f h8_1 y262 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">El <span class=\"__1 _8\"></span>valor <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span><span class=\"ff6\">mercado <span class=\"__1 _8\"></span>positiv<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>dichos <span class=\"__1 _8\"></span>instrumentos<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>31 <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>diciembre <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>2023 <span class=\"__1 _8\"></span>asciende <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>1.057 <span class=\"__1 _6\"></span>miles <span class=\"__1 _8\"></span>\u20ac<span class=\"__1 _1bc\"> </span></span><span class=\"ff6\"> </span></div><div class=\"t_1 m0_1 x1f h8_1 y241 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">(negativo en 358 miles \u20ac a <span class=\"__1 _6\"></span>31 de diciembre d<span class=\"__1 _6\"></span>e 2022).<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span><span class=\"ff4\"> </span></div><div class=\"t_1 m0_1 x1f h8_1 y242 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x1f h8_1 y243 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Por <span class=\"__1 _c9\"> </span>su<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>parte, <span class=\"__1 _cd\"> </span>la <span class=\"__1 _c9\"> </span>sensibilid<span class=\"__1 _6\"></span>ad <span class=\"__1 _c9\"> </span>del <span class=\"__1 _c9\"> </span>resu<span class=\"__1 _6\"></span>ltado <span class=\"__1 _c9\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c9\"> </span>explotaci\u00f3n <span class=\"__1 _cd\"> </span>y <span class=\"__1 _c9\"> </span>del <span class=\"__1 _cd\"> </span>patrimonio <span class=\"__1 _c9\"> </span>a <span class=\"__1 _cd\"> </span>las <span class=\"__1 _c9\"> </span>apreciaciones <span class=\"__1 _cd\"> </span>o<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1f h8_1 y244 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">depreciaciones <span class=\"__1 _c8\"></span>del <span class=\"__1 _c8\"> </span>d\u00f3lar <span class=\"__1 _c8\"> </span>fren<span class=\"__1 _6\"></span>te <span class=\"__1 _4\"></span>al <span class=\"__1 _c8\"> </span>euro, <span class=\"__1 _c6\"> </span>como <span class=\"__1 _c8\"></span>consecuencia <span class=\"__1 _c8\"> </span>del <span class=\"__1 _c8\"> </span>efecto <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c8\"> </span>los <span class=\"__1 _c8\"> </span>instrum<span class=\"__1 _6\"></span>entos <span class=\"__1 _c8\"> </span>financieros<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x1f h8_1 y245 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">derivados con<span class=\"__1 _6\"></span>tratados por ENCE a 31 de diciembr<span class=\"__1 _6\"></span>e de 2023, se detalla <span class=\"__1 _6\"></span>a continuaci\u00f3n<span class=\"__1 _6\"></span>: <span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 xab h8_1 yfd5 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x1f h8_1 yfd6 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x69 h64 y665 ff3_1 fs0_1 fc5 sc0_1 ls0_1 ws0_1\">30.2<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Interest Rate Swap-<span class=\"__1 _1bc\"> </span></span></span><span class=\"ff5\"><span class=\"ff3_1 fc3\"> </span></span></div><div class=\"t_1 m0_1 x69 h8_1 yfd7 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Los derivado<span class=\"__1 _6\"></span>s sobre tipos d<span class=\"__1 _6\"></span>e inter\u00e9s contratados p<span class=\"__1 _6\"></span>or el Gru<span class=\"__1 _6\"></span>po y vigentes a<span class=\"__1 _6\"></span>l 31 de diciembre de 202<span class=\"__1 _6\"></span>3 y 2022<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x69 h8_1 yfd8 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">son los siguientes:<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x145 h8_1 y691 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x59 h8_1 y49e ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">Durante <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>ejerc<span class=\"__1 _6\"></span>icio <span class=\"__1 _6\"></span>2023 <span class=\"__1 _6\"></span>no <span class=\"__1 _8\"></span>se <span class=\"__1 _6\"></span>han <span class=\"__1 _8\"></span>producido <span class=\"__1 _8\"></span>ineficacias <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>derivados <span class=\"__1 _8\"></span>sobre <span class=\"__1 _6\"></span>tipos <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>inter\u00e9s. <span class=\"__1 _6\"></span>Durante<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x59 h8_1 yfd9 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">el ejercicio <span class=\"__1 _6\"></span>2022 s<span class=\"__1 _6\"></span>e produjero<span class=\"__1 _6\"></span>n <span class=\"__1 _6\"></span>ineficacias que <span class=\"__1 _6\"></span>supus<span class=\"__1 _6\"></span>ieron el <span class=\"__1 _6\"></span>reconocimiento <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>un ingres<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>por importe <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x59 h8_1 y764 ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">301 <span class=\"__1 _8\"></span>mi<span class=\"__1 _6\"></span>les <span class=\"__1 _4\"></span>\u20ac <span class=\"__1 _8\"></span>que <span class=\"__1 _4\"></span>se <span class=\"__1 _8\"></span>encu<span class=\"__1 _6\"></span>entra <span class=\"__1 _4\"></span>registrado <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>ep\u00edgrafe <span class=\"__1 _4\"></span>\u201cvariaci\u00f3n <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>l <span class=\"__1 _4\"></span>valor <span class=\"__1 _8\"></span>razon<span class=\"__1 _6\"></span>able <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>instrumentos<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> </div><div class=\"t_1 m0_1 x59 h9_1 yfda ff6 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">financieros\u201d del estad<span class=\"__1 _6\"></span>o de resultado con<span class=\"__1 _6\"></span>solidado al 31 de diciembr<span class=\"__1 _6\"></span>e de 2022.<span class=\"__1 _1bc\"> </span><span class=\"__1 _8\"></span><span class=\"ff3_1 fc8\"> </span></div><div class=\"t_1 m0_1 x59 h8_1 y4a2 ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">La <span class=\"__1 _6\"></span>sens<span class=\"__1 _6\"></span>ibilidad <span class=\"__1 _6\"></span>del <span class=\"__1 _8\"></span>resultado <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>patrimonio <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>las <span class=\"__1 _6\"></span>variacion<span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>tip<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>inter\u00e9s<span class=\"__1 _6\"></span>, <span class=\"__1 _6\"></span>como <span class=\"__1 _8\"></span>consecuencia <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>el<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x59 h8_1 yfdb ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">efecto <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>los <span class=\"__1 _8\"></span>instrumentos <span class=\"__1 _4\"></span>financieros <span class=\"__1 _8\"></span>contrata<span class=\"__1 _6\"></span>dos <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>or <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>Grupo <span class=\"__1 _4\"></span>a <span class=\"__1 _8\"></span>31 <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>diciembre <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>2023, <span class=\"__1 _4\"></span>se <span class=\"__1 _8\"></span>detalla <span class=\"__1 _4\"></span>a<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m0_1 x59 h8_1 yfdc ff4 fs4 fc0_1 sc0_1 ls0_1 ws0_1\">continuaci\u00f3n:<span class=\"__1 _1bc\"> </span> </div></div><div class=\"c_1 w1fd h2c2 gs1b7\"><div class=\"t_1 m52 xc0 h2c3 yfde ff7 fs66 fc0_1 sc0_1 ls0_1 ws0_1\">Mile<span class=\"__1 _6\"></span>s \u20ac<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w1fe h2c4 gs1b8\"><div class=\"t_1 m52 x15d h2c3 yfe0 ff3_1 fs66 fc0_1 sc0_1 ls0_1 ws0_1\">Var<span class=\"__1 _70\"></span>i<span class=\"__1 _6\"></span>ac<span class=\"__1 _70\"></span>i<span class=\"__1 _6\"></span>\u00f3n<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m52 x2d h2c3 yfe1 ff7 fs66 fc0_1 sc0_1 ls0_1 ws0_1\">T<span class=\"__1 _5\"></span>ipo Ca<span class=\"__1 _70\"></span>mbio US$<span class=\"__1 _70\"></span>/<span class=\"__1 _5\"></span>\u20ac<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w1ff h2c4 gs1b9\"><div class=\"t_1 m52 x2d h2c3 yfe2 ff3_1 fs66 fc0_1 sc0_1 ls0_1 ws0_1\">R<span class=\"__1 _5\"></span>esul<span class=\"__1 _6\"></span>ta<span class=\"__1 _70\"></span>do de<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m52 x4_1 h2c3 yfe0 ff3_1 fs66 fc0_1 sc0_1 ls0_1 ws0_1\">ex<span class=\"__1 _6\"></span>plota<span class=\"__1 _70\"></span>ci\u00f3n</div><div class=\"t_1 m52 x6f h2c3 yfe1 ff3_1 fs66 fc0_1 sc0_1 ls0_1 ws0_1\"> (-)<span class=\"__1 _6\"></span>/<span class=\"__1 _5\"></span>+<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w200 h2c4 gs1ba\"><div class=\"t_1 m52 x3a h2c3 yfe2 ff3_1 fs66 fc0_1 sc0_1 ls0_1 ws0_1\">Efecto<span class=\"__1 _5\"></span> en <span class=\"__1 _5\"></span>pa<span class=\"__1 _5\"></span>tr<span class=\"__1 _70\"></span>i<span class=\"__1 _6\"></span>monio<span class=\"__1 _1bc\"> </span> </div><div class=\"t_1 m52 x117 h2c3 yfe0 ff3_1 fs66 fc0_1 sc0_1 ls0_1 ws0_1\">neto<span class=\"__1 _1bc\"> </span></div><div class=\"t_1 m52 x117 h2c3 yfe1 ff3_1 fs66 fc0_1 sc0_1 ls0_1 ws0_1\">(-<span class=\"__1 _6\"></span>)/+<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w1fd h2c2 gs1b7\"><div class=\"t_1 m52 x74 h2c5 yfe3 ff4 fs66 fc0_1 sc0_1 ls94 ws0_1\">2023<span class=\"__1 _7e\"> </span><span class=\"ls0_1\">De<span class=\"__1 _6\"></span>preciaci\u00f3n 5<span class=\"__1 _70\"></span>%<span class=\"__1 _6b\"> </span>2.8<span class=\"__1 _70\"></span>6<span class=\"__1 _5\"></span>5<span class=\"__1 _11c\"> </span>2.1<span class=\"__1 _70\"></span>4<span class=\"__1 _5\"></span>8<span class=\"__1 _1bc\"> </span></span></div><div class=\"t_1 m52 x142 h2c5 yfe4 ff4 fs66 fc0_1 sc0_1 ls0_1 ws0_1\">Apre<span class=\"__1 _6\"></span>ciac<span class=\"__1 _5\"></span>i<span class=\"__1 _6\"></span>\u00f3n 5<span class=\"__1 _70\"></span>%<span class=\"__1 _e5\"> </span>(<span class=\"__1 _6\"></span>2<span class=\"__1 _5\"></span>.66<span class=\"__1 _70\"></span>9<span class=\"__1 _70\"></span>)<span class=\"__1 _ef\"> </span>(2.0<span class=\"__1 _70\"></span>02<span class=\"__1 _70\"></span>)<span class=\"__1 _1bc\"> </span></div><div class=\"t_1 m52 x74 h2c5 yfe5 ff4 fs66 fc0_1 sc0_1 ls94 ws0_1\">2022<span class=\"__1 _7e\"> </span><span class=\"ls0_1\">De<span class=\"__1 _6\"></span>preciaci\u00f3n 5<span class=\"__1 _70\"></span>%<span class=\"__1 _6b\"> </span>2.0<span class=\"__1 _70\"></span>8<span class=\"__1 _5\"></span>7<span class=\"__1 _11c\"> </span>1.5<span class=\"__1 _70\"></span>6<span class=\"__1 _5\"></span>5<span class=\"__1 _1bc\"> </span></span></div><div class=\"t_1 m52 x142 h2c5 yfe6 ff4 fs66 fc0_1 sc0_1 ls0_1 ws0_1\">Apre<span class=\"__1 _6\"></span>ciac<span class=\"__1 _5\"></span>i<span class=\"__1 _6\"></span>\u00f3n 5<span class=\"__1 _70\"></span>%<span class=\"__1 _e5\"> </span>(<span class=\"__1 _6\"></span>2<span class=\"__1 _5\"></span>.48<span class=\"__1 _70\"></span>8<span class=\"__1 _70\"></span>)<span class=\"__1 _ef\"> </span>(1.8<span class=\"__1 _70\"></span>66<span class=\"__1 _70\"></span>)<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w201 h2c6 gs1bb\"><div class=\"t_1 m53 x8b h2c7 yfe8 ff4 fs67 fc0_1 sc0_1 ls0_1 ws0_1\">Val<span class=\"__1 _8\"></span>or</div><div class=\"t_1 m53 x33 h2c7 yfe9 ff4 fs67 fc0_1 sc0_1 ls0_1 ws0_1\"> Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de E<span class=\"__1 _5\"></span>ur<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w202 h2c8 gs1bc\"><div class=\"t_1 m53 x160 h2c7 yfeb ff4 fs67 fc0_1 sc0_1 ls0_1 ws0_1\">Ra<span class=\"__1 _6\"></span>zona<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _12f\"> </span><span class=\"ls95\">2023<span class=\"__1 _4d\"> </span>2024<span class=\"__1 _a2\"> </span>2025<span class=\"__1 _a2\"> </span>2026<span class=\"__1 _25\"> </span>2027<span class=\"__1 _1bc\"> </span></span></div></div><div class=\"c_1 w201 h2c6 gs1bb\"><div class=\"t_1 m53 x33 h2c7 yfec ff4 fs67 fc0_1 sc0_1 ls95 ws0_1\">2023<span class=\"__1 _1bc\"> </span></div><div class=\"t_1 m53 x33 h2c7 yfed ff4 fs67 fc0_1 sc0_1 ls0_1 ws0_1\">Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o c<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span>a</div></div><div class=\"c_1 w203 h2c8 gs1bd\"><div class=\"t_1 m53 x69 h2c7 yfef ff4 fs67 fc0_1 sc0_1 ls96 ws0_1\">             (4.03<span class=\"__1 _6\"></span>4)<span class=\"__1 _c5\"> </span>                  -   <span class=\"__1 _124\"> </span><span class=\"ls0_1\">1<span class=\"__1 _6\"></span>54<span class=\"__1 _6\"></span>.32<span class=\"__1 _6\"></span>5<span class=\"__1 _20\"> </span>13<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.53<span class=\"__1 _6\"></span>9<span class=\"__1 _f9\"> </span>91.8<span class=\"__1 _6\"></span>09<span class=\"__1 _f9\"> </span>46<span class=\"__1 _6\"></span>.81<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span></span></div></div><div class=\"c_1 w201 h2c6 gs1bb\"><div class=\"t_1 m53 x33 h2c7 yff0 ff4 fs67 fc0_1 sc0_1 ls0_1 ws0_1\">Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>nova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span> (<span class=\"__1 _6\"></span>*<span class=\"__1 _5\"></span>)<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w204 h2c8 gs1be\"><div class=\"t_1 m53 x82 h2c7 yff2 ff4 fs67 fc0_1 sc0_1 ls0_1 ws0_1\">3.00<span class=\"__1 _6\"></span>1<span class=\"__1 _158\"> </span><span class=\"ls96\">                  -   <span class=\"__1 _8d\"> </span></span>3<span class=\"__1 _6\"></span>.18<span class=\"__1 _6\"></span>8<span class=\"__1 _15d\"> </span><span class=\"ls96\">                -   <span class=\"__1 _51\"> </span>                -   <span class=\"__1 _51\"> </span>                -  </span><span class=\"ls96\"> </span></div></div><div class=\"c_1 w201 h2c6 gs1bb\"><div class=\"t_1 m53 x33 h2c7 yff3 ff4 fs67 fc0_1 sc0_1 ls95 ws0_1\">2022<span class=\"__1 _1bc\"> </span></div><div class=\"t_1 m53 x33 h2c7 yff4 ff4 fs67 fc0_1 sc0_1 ls0_1 ws0_1\">Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>nova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span> (<span class=\"__1 _6\"></span>*<span class=\"__1 _5\"></span>)<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w205 h2c8 gs1bf\"><div class=\"t_1 m53 x82 h2c7 yfef ff4 fs67 fc0_1 sc0_1 ls0_1 ws0_1\">5.80<span class=\"__1 _6\"></span>3<span class=\"__1 _f9\"> </span>11<span class=\"__1 _6\"></span>1.3<span class=\"__1 _6\"></span>71<span class=\"__1 _fb\"> </span>3.18<span class=\"__1 _6\"></span>8<span class=\"__1 _15d\"> </span><span class=\"ls96\">                -   <span class=\"__1 _51\"> </span>                -   <span class=\"__1 _5c\"> </span>                -  </span><span class=\"ls96\"> </span></div></div><div class=\"c_1 w201 h2c6 gs1bb\"><div class=\"t_1 m53 x33 h2c7 yff6 ff4 fs67 fc0_1 sc0_1 ls0_1 ws0_1\">(*<span class=\"__1 _5\"></span>) Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>do<span class=\"__1 _6\"></span> deudor.<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w206 h2c9 gs1c0\"><div class=\"t_1 m53 x23 h2c7 yff8 ff4 fs67 fc0_1 sc0_1 ls0_1 ws0_1\">Noci<span class=\"__1 _8\"></span>ona<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span> a<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span> c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>e de<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>:<span class=\"__1 _1bc\"> </span></div></div>Mi<span class=\"__1 _5\"></span>les \u20ac<span class=\"__1 _1bc\"> </span>Variaci<span class=\"__1 _70\"></span>\u00f3n<span class=\"__1 _1bc\"> </span>Tipo Inter\u00e9s<span class=\"__1 _1bc\"> </span>Efecto en coste<span class=\"__1 _1bc\"> </span>financi<span class=\"__1 _70\"></span>er<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>(-)/+<span class=\"__1 _1bc\"> </span>Efecto en pat<span class=\"__1 _6\"></span>rimonio<span class=\"__1 _1bc\"> </span>neto<span class=\"__1 _1bc\"> </span>(-)/+<span class=\"__1 _1bc\"> </span>2023<span class=\"__1 _18\"> </span><span class=\"ls0_1\">Au<span class=\"__1 _6\"></span>m<span class=\"__1 _6\"></span>ento 50 pb<span class=\"__1 _8c\"> </span>(518)<span class=\"__1 _193\"> </span>(1.952)<span class=\"__1 _1bc\"> </span></span>Dis<span class=\"__1 _6\"></span>minu<span class=\"__1 _6\"></span>ci\u00f3n 50 pb<span class=\"__1 _11c\"> </span><span class=\"ls97\">518<span class=\"__1 _22\"> </span></span>1.972<span class=\"__1 _1bc\"> </span>2022<span class=\"__1 _18\"> </span><span class=\"ls0_1\">Au<span class=\"__1 _6\"></span>m<span class=\"__1 _6\"></span>ento 50 pb<span class=\"__1 _8c\"> </span>(308)<span class=\"__1 _149\"> </span>(<span class=\"__1 _6\"></span>900)<span class=\"__1 _1bc\"> </span></span>Dis<span class=\"__1 _6\"></span>minu<span class=\"__1 _6\"></span>ci\u00f3n 50 pb<span class=\"__1 _11c\"> </span><span class=\"ls97\">308<span class=\"__1 _191\"> </span>913</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-36": {
   "value": "25.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Deudores comerciales y otras cuentas a cobrar </span></span><span class=\"ff5 ls0_1\"><span class=\"ff3_1\"> </span></span>La <span class=\"__1 _c8\"> </span>composici\u00f3n <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _c8\"></span>ep\u00edgrafe <span class=\"__1 _c8\"> </span>\u201cDeud<span class=\"__1 _6\"></span>ores <span class=\"__1 _c8\"> </span>comerciales <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c6\"> </span>otras <span class=\"__1 _c6\"> </span>cuentas <span class=\"__1 _c8\"> </span>a <span class=\"__1 _c8\"> </span>cob<span class=\"__1 _6\"></span>rar\u201d <span class=\"__1 _c8\"> </span>del <span class=\"__1 _c8\"> </span>activo <span class=\"__1 _c8\"> </span>del <span class=\"__1 _c8\"> </span>Es<span class=\"__1 _6\"></span>tado <span class=\"__1 _c8\"></span>de<span class=\"__1 _1bc\"> </span> Situaci\u00f3n Financiera con<span class=\"__1 _6\"></span>solidado al cierre de los<span class=\"__1 _6\"></span> ejercicios 2<span class=\"__1 _6\"></span>023 y 2022 es la siguiente<span class=\"__1 _6\"></span>:<span class=\"__1 _1bc\"> </span>El per\u00edodo <span class=\"__1 _5\"></span>de cr\u00e9dito <span class=\"__1 _5\"></span>para la <span class=\"__1 _5\"></span>venta de pasta <span class=\"__1 _5\"></span>de celulosa se sit\u00faa e<span class=\"__1 _5\"></span>n media <span class=\"__1 _5\"></span>entre 54 <span class=\"__1 _5\"></span>y 58 <span class=\"__1 _5\"></span>d\u00edas. En la <span class=\"__1 _5\"></span>evoluci\u00f3n<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>sald<span class=\"__1 _6\"></span>os <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>cob<span class=\"__1 _6\"></span>rar <span class=\"__1 _6\"></span>por <span class=\"__1 _6\"></span>ventas <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>energ\u00eda <span class=\"__1 _6\"></span>renovab<span class=\"__1 _6\"></span>le <span class=\"__1 _6\"></span>debe <span class=\"__1 _6\"></span>considerarse <span class=\"__1 _8\"></span>que <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>aldos <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>cobrar <span class=\"__1 _8\"></span>del <span class=\"__1 _6\"></span>Pool<span class=\"__1 _1bc\"> </span>presentan <span class=\"__1 _4\"></span>un <span class=\"__1 _8\"></span>periodo <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>cob<span class=\"__1 _6\"></span>ro <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>aproximadamente <span class=\"__1 _4\"></span>10 <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>\u00edas <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>aldos <span class=\"__1 _4\"></span>pendientes <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>co<span class=\"__1 _8\"></span>bro <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>CNMC<span class=\"__1 _1bc\"> </span>presentan <span class=\"__1 _6\"></span>un <span class=\"__1 _6\"></span>period<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>cobro <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>aproximad<span class=\"__1 _6\"></span>amente <span class=\"__1 _6\"></span>60 <span class=\"__1 _6\"></span>d\u00ed<span class=\"__1 _6\"></span>as. <span class=\"__1 _6\"></span>El <span class=\"__1 _6\"></span>v<span class=\"__1 _8\"></span>alor <span class=\"__1 _6\"></span>razonable <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>esto<span class=\"__1 _6\"></span>s <span class=\"__1 _6\"></span>saldos<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>no <span class=\"__1 _6\"></span>difiere<span class=\"__1 _1bc\"> </span>de forma significativa <span class=\"__1 _6\"></span>de su valor en libro<span class=\"__1 _6\"></span>s.<span class=\"__1 _1bc\"> </span>La cuenta <span class=\"__1 _5\"></span>\u201cDeterioro de <span class=\"__1 _70\"></span>valo<span class=\"__1 _6\"></span>r\u201d ha <span class=\"__1 _70\"></span>ten<span class=\"__1 _6\"></span>ido <span class=\"__1 _5\"></span>dotaciones en e<span class=\"__1 _5\"></span>l ej<span class=\"__1 _5\"></span>ercicio <span class=\"__1 _5\"></span>con cargo <span class=\"__1 _5\"></span>a la <span class=\"__1 _70\"></span>cuenta \u201cdet<span class=\"__1 _6\"></span><span class=\"ff4\">erioro de <span class=\"__1 _70\"></span>valo<span class=\"__1 _6\"></span>r<span class=\"__1 _1bc\"> </span></span>sobre activos <span class=\"__1 _70\"></span>financieros\u201d<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>del Estado <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>Resu<span class=\"__1 _6\"></span>ltado <span class=\"__1 _5\"></span>por im<span class=\"__1 _5\"></span>porte <span class=\"__1 _5\"></span>de <span class=\"__1 _5\"></span>1.177 miles <span class=\"__1 _70\"></span>\u20ac y <span class=\"__1 _70\"></span>aplica<span class=\"__1 _6\"></span>ciones a <span class=\"__1 _70\"></span>su<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>finalid<span class=\"__1 _6\"></span>ad<span class=\"__1 _1bc\"> </span>y otros mov<span class=\"__1 _6\"></span>imientos por importe de 1.429 mil<span class=\"__1 _6\"></span>es \u20ac.<span class=\"__1 _1bc\"> </span>25.1<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Factoring </span></span>El <span class=\"__1 _4\"></span>Grupo <span class=\"__1 _4\"></span>tiene <span class=\"__1 _4\"></span>f<span class=\"__1 _5\"></span>ormalizados <span class=\"__1 _4\"></span>contratos<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>factoring <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>in <span class=\"__1 _4\"></span>recurso <span class=\"__1 _4\"></span>(v<span class=\"__1 _6\"></span>\u00e9ase <span class=\"__1 _4\"></span>Nota <span class=\"__1 _4\"></span>3.7), <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>acuerdo <span class=\"__1 _4\"></span>al <span class=\"__1 _4\"></span>siguiente<span class=\"__1 _1bc\"> </span>detalle:<span class=\"__1 _1bc\"> </span>El coste financiero<span class=\"__1 _6\"></span> asociado a<span class=\"__1 _6\"></span> los cr\u00e9ditos v<span class=\"__1 _6\"></span>endidos s<span class=\"__1 _6\"></span>e establece en el E<span class=\"__1 _6\"></span>uribor a 3 <span class=\"__1 _6\"></span>meses m\u00e1s u<span class=\"__1 _6\"></span>n diferencial<span class=\"__1 _1bc\"> </span>que se <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>it\u00faa en <span class=\"__1 _5\"></span>el <span class=\"__1 _5\"></span>tramo 1,10%-1,60%<span class=\"ls17\">. </span>Los saldos comerciales no <span class=\"__1 _70\"></span>factoriza<span class=\"__1 _6\"></span>dos al <span class=\"__1 _5\"></span>31 de <span class=\"__1 _5\"></span>dic<span class=\"__1 _6\"></span>iembre de <span class=\"__1 _70\"></span>2<span class=\"__1 _6\"></span>023 se<span class=\"__1 _1bc\"> </span>prev\u00e9n recuperar mediante s<span class=\"__1 _6\"></span>u cobro al d<span class=\"__1 _6\"></span>eudor, y no mediante s<span class=\"__1 _6\"></span>u venta.<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de E<span class=\"__1 _5\"></span>ur<span class=\"__1 _6\"></span>os<span class=\"__1 _b6\"> </span>3<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>/12<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>23<span class=\"__1 _b7\"> </span>3<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>/12<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>02<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>Cl<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>ente<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> por<span class=\"__1 _6\"></span> ventas<span class=\"__1 _8\"></span>-   Cel<span class=\"__1 _6\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span>a<span class=\"__1 _16d\"> </span>  28<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>   <span class=\"__1 _113\"> </span> <span class=\"__1 _6\"></span> 32<span class=\"__1 _6\"></span>.25<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>    Ene<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>g\u00eda<span class=\"__1 _16e\"> </span>  3.3<span class=\"__1 _6\"></span>73<span class=\"__1 _6\"></span>   <span class=\"__1 _11e\"> </span>  1<span class=\"__1 _6\"></span>3.16<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>    O<span class=\"__1 _6\"></span>tros<span class=\"__1 _8\"></span> co<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>ept<span class=\"__1 _5\"></span>os<span class=\"__1 _16f\"> </span>  3.0<span class=\"__1 _6\"></span>58<span class=\"__1 _6\"></span>   <span class=\"__1 _49\"> </span>  3.5<span class=\"__1 _6\"></span>51<span class=\"__1 _6\"></span> Em<span class=\"__1 _70\"></span>pr<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> del<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>grup<span class=\"__1 _6\"></span>o y vi<span class=\"__1 _8\"></span>nc<span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>da<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>, deudor<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>(Not<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span> 34<span class=\"__1 _6\"></span>)<span class=\"__1 _61\"> </span>  1.76<span class=\"__1 _6\"></span>7  <span class=\"__1 _6\"></span> <span class=\"__1 _59\"> </span>  4<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>5 De<span class=\"__1 _5\"></span>udor<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span> va<span class=\"__1 _8\"></span>ri<span class=\"__1 _8\"></span>os<span class=\"__1 _174\"> </span>  4.5<span class=\"__1 _6\"></span>85<span class=\"__1 _6\"></span>   <span class=\"__1 _49\"> </span>  4.5<span class=\"__1 _6\"></span>01<span class=\"__1 _6\"></span> De<span class=\"__1 _5\"></span>te<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span>o de va<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>or<span class=\"__1 _b3\"> </span><span class=\"ls73\">            (4<span class=\"__1 _6\"></span>.050<span class=\"__1 _6\"></span>)   <span class=\"__1 _c9\"> </span>         (4.30<span class=\"__1 _6\"></span>2) </span>  36<span class=\"__1 _6\"></span>.74<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>   <span class=\"__1 _113\"> </span>  4<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>.623<span class=\"__1 _6\"></span> 2023<span class=\"__1 _149\"> </span>2022<span class=\"__1 _1bc\"> </span>Mn<span class=\"__1 _70\"></span> \u20ac<span class=\"__1 _1bc\"> </span>L\u00edmit<span class=\"__1 _5\"></span>e<span class=\"__1 _1bc\"> </span>disponible<span class=\"__1 _1bc\"> </span>Saldo<span class=\"__1 _1bc\"> </span>Di<span class=\"__1 _70\"></span>spu<span class=\"__1 _6\"></span>esto<span class=\"__1 _1bc\"> </span>L\u00edmit<span class=\"__1 _5\"></span>e<span class=\"__1 _1bc\"> </span>disponible<span class=\"__1 _1bc\"> </span>Saldo<span class=\"__1 _1bc\"> </span>Di<span class=\"__1 _70\"></span>spu<span class=\"__1 _6\"></span>esto<span class=\"__1 _1bc\"> </span>Neg. Celulosa<span class=\"__1 _d4\"> </span>94.000<span class=\"__1 _12f\"> </span>83.900<span class=\"__1 _153\"> </span>115.000<span class=\"__1 _12f\"> </span>45.<span class=\"__1 _6\"></span>166<span class=\"__1 _1bc\"> </span>Neg. Renovables<span class=\"__1 _168\"> </span>33.400<span class=\"__1 _25\"> </span>4.455<span class=\"__1 _b\"> </span>-<span class=\"__1 _105\"> </span>-<span class=\"__1 _1bc\"> </span>127.40<span class=\"__1 _5\"></span>0<span class=\"__1 _12f\"> </span>88.355<span class=\"__1 _153\"> </span>115.00<span class=\"__1 _5\"></span>0<span class=\"__1 _7e\"> </span>45.16<span class=\"__1 _5\"></span>6<span class=\"__1 _1bc\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-37": {
   "value": "26.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Acr<span class=\"__1 _6\"></span>eedores comerciales y otras cuentas a pagar<span class=\"__1 _1bc\"> </span></span></span>La <span class=\"__1 _4\"></span>composici\u00f3n <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>ep\u00ed<span class=\"__1 _6\"></span>grafe <span class=\"__1 _4\"></span>\u201cAcreedores <span class=\"__1 _4\"></span>come<span class=\"__1 _6\"></span>rciales <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>otras<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>cuentas <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>p<span class=\"__1 _6\"></span>agar\u201d <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>pasivo <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>Es<span class=\"__1 _6\"></span>tado <span class=\"__1 _4\"></span>de<span class=\"__1 _1bc\"> </span>Situaci\u00f3n Financ<span class=\"__1 _6\"></span>iera consolidado a<span class=\"__1 _6\"></span>l cierre de los ejercicios 2<span class=\"__1 _6\"></span>023 y 2022 es la s<span class=\"__1 _6\"></span>iguiente:<span class=\"__1 _1bc\"> </span>Al <span class=\"__1 _c8\"></span>31 <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>dicie<span class=\"__1 _6\"></span>mbre <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"> </span>2022 <span class=\"__1 _c6\"> </span>el <span class=\"__1 _c8\"> </span>Grupo <span class=\"__1 _c6\"> </span>ten\u00eda <span class=\"__1 _c8\"> </span>r<span class=\"__1 _6\"></span>econocido <span class=\"__1 _c8\"> </span><span class=\"ff6\">e<span class=\"__1 _6\"></span>n <span class=\"__1 _c8\"> </span>el <span class=\"__1 _c8\"> </span>ep\u00edgrafe <span class=\"__1 _c8\"> </span>\u201cAcr<span class=\"__1 _6\"></span>eedores <span class=\"__1 _c8\"> </span>comerciales <span class=\"__1 _c8\"> </span>y<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>otr<span class=\"__1 _6\"></span></span>a<span class=\"ls72\">s<span class=\"__1 _1bc\"> </span></span>cuentas a <span class=\"__1 _70\"></span>pagar<span class=\"ff6\">\u201d<span class=\"__1 _6\"></span></span> <span class=\"__1 _70\"></span>el importe <span class=\"__1 _70\"></span>cobrad<span class=\"__1 _6\"></span>o <span class=\"__1 _5\"></span>en <span class=\"__1 _5\"></span>exceso <span class=\"__1 _5\"></span>del <span class=\"__1 _70\"></span>regulad<span class=\"__1 _6\"></span>or <span class=\"__1 _5\"></span>el\u00e9ctrico <span class=\"__1 _5\"></span>en <span class=\"ls12\">2022</span> <span class=\"__1 _70\"></span>por <span class=\"__1 _5\"></span>importe de <span class=\"__1 _70\"></span>85,4 millones<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span> de<span class=\"__1 _5\"></span> E<span class=\"__1 _5\"></span>ur<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> <span class=\"__1 _175\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>23<span class=\"__1 _eb\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>22<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _70\"></span>c<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>ee<span class=\"__1 _70\"></span>dor<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span> c<span class=\"__1 _8\"></span>om<span class=\"__1 _5\"></span>e<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>c<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _4\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> y otra<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span> c<span class=\"__1 _6\"></span>uent<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span> a<span class=\"__1 _8\"></span> pa<span class=\"__1 _8\"></span>ga<span class=\"__1 _6\"></span>r<span class=\"__1 _15\"> </span><span class=\"ls75\">        1<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>6.55<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span> <span class=\"__1 _15d\"> </span>        31<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.13<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span></span>E<span class=\"__1 _5\"></span>m<span class=\"__1 _5\"></span>pr<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span> de<span class=\"__1 _70\"></span>l<span class=\"__1 _4\"></span> g<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>upo <span class=\"__1 _6\"></span>y vi<span class=\"__1 _8\"></span>nc<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>da<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>, a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>e<span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span> (Not<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span> 3<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>)<span class=\"__1 _aa\"> </span><span class=\"ls75\">             1<span class=\"__1 _6\"></span>.09<span class=\"__1 _6\"></span>4 <span class=\"__1 _106\"> </span>             1<span class=\"__1 _6\"></span>.457<span class=\"__1 _1bc\"> </span></span>Pr<span class=\"__1 _6\"></span>ov<span class=\"__1 _6\"></span>e<span class=\"__1 _70\"></span>edor<span class=\"__1 _6\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> i<span class=\"__1 _8\"></span>nmovi<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>za<span class=\"__1 _8\"></span>do<span class=\"__1 _1a\"> </span><span class=\"ls75\">           27<span class=\"__1 _6\"></span>.36<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span> <span class=\"__1 _124\"> </span>           22.46<span class=\"__1 _6\"></span>5<span class=\"__1 _1bc\"> </span></span>Re<span class=\"__1 _70\"></span>mune<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>ne<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span> pe<span class=\"__1 _5\"></span>ndi<span class=\"__1 _4\"></span>e<span class=\"__1 _70\"></span>nte<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> de<span class=\"__1 _5\"></span> pa<span class=\"__1 _8\"></span>go<span class=\"__1 _107\"> </span>8<span class=\"__1 _6\"></span>.99<span class=\"__1 _6\"></span>8<span class=\"__1 _74\"> </span>1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.88<span class=\"__1 _6\"></span>8        22<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>01<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span> <span class=\"__1 _15d\"> </span>        34<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>94<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>\u20ac<span class=\"ff4\">, <span class=\"__1 _70\"></span>al <span class=\"__1 _70\"></span>no <span class=\"__1 _70\"></span>aplicar <span class=\"__1 _70\"></span>\u00e9ste<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>en <span class=\"__1 _70\"></span>las <span class=\"__1 _70\"></span>liqu<span class=\"__1 _6\"></span>idaciones <span class=\"__1 _70\"></span>emitidas<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>por <span class=\"__1 _70\"></span>la <span class=\"__1 _5\"></span>CNMC <span class=\"__1 _70\"></span>en <span class=\"__1 _70\"></span>dicho <span class=\"__1 _5\"></span>ejercicio <span class=\"__1 _70\"></span>la <span class=\"__1 _70\"></span>nueva <span class=\"__1 _5\"></span>regulaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>aplicable<span class=\"__1 _1bc\"> </span></span>a <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>activid<span class=\"__1 _6\"></span>ad <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>generaci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>energ\u00eda <span class=\"__1 _8\"></span>aprobad<span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>2022<span class=\"__1 _6\"></span>. <span class=\"__1 _8\"></span>Dicho <span class=\"__1 _8\"></span>importe, <span class=\"__1 _6\"></span>h<span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>sido <span class=\"__1 _6\"></span>\u00edntegramente <span class=\"__1 _8\"></span>devuelto<span class=\"__1 _1bc\"> </span>en el primer semestre d<span class=\"__1 _6\"></span>e 2023.<span class=\"__1 _1bc\"> </span>El Grupo tiene formalizado co<span class=\"__1 _6\"></span>ntratos<span class=\"__1 _6\"></span> de confirming sin recurs<span class=\"__1 _6\"></span>o, <span class=\"__1 _6\"></span>de acuerdo al s<span class=\"__1 _6\"></span>iguiente detalle:<span class=\"__1 _1bc\"> </span>Los <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>aldos <span class=\"__1 _4\"></span>derivados <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>utilizaci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>l\u00edneas <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>confirming <span class=\"__1 _4\"></span>se <span class=\"__1 _8\"></span>clasifican <span class=\"__1 _4\"></span>como <span class=\"__1 _8\"></span>deu<span class=\"__1 _6\"></span>da <span class=\"__1 _8\"></span>comercial. <span class=\"__1 _4\"></span>Las<span class=\"__1 _1bc\"> </span>l\u00edneas <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>confirming <span class=\"__1 _4\"></span>contratad<span class=\"__1 _6\"></span>as <span class=\"__1 _4\"></span>por <span class=\"__1 _8\"></span>EN<span class=\"__1 _6\"></span>CE <span class=\"__1 _8\"></span>no <span class=\"__1 _4\"></span>contemplan <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>establecimiento <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>garan<span class=\"__1 _6\"></span>t\u00edas, <span class=\"__1 _4\"></span>no <span class=\"__1 _4\"></span>alteran <span class=\"__1 _8\"></span>el<span class=\"__1 _1bc\"> </span>periodo <span class=\"__1 _c6\"> </span>medio  de <span class=\"__1 _c8\"> </span>pago<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>a<span class=\"__1 _6\"></span>cordado  con <span class=\"__1 _c6\"> </span>los <span class=\"__1 _c6\"> </span>p<span class=\"__1 _6\"></span>roveedores <span class=\"__1 _c6\"> </span>y <span class=\"__1 _ca\"> </span>no <span class=\"__1 _c6\"> </span>devengan<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>coste <span class=\"__1 _ca\"> </span>financiero <span class=\"__1 _ca\"> </span>a <span class=\"__1 _c6\"> </span>favor  de <span class=\"__1 _c8\"> </span>las<span class=\"__1 _1bc\"> </span>entidades financieras o<span class=\"__1 _6\"></span>torgantes de las<span class=\"__1 _6\"></span> l\u00edneas.<span class=\"__1 _1bc\"> </span>Se detalla <span class=\"__1 _6\"></span>a contin<span class=\"__1 _6\"></span>uaci\u00f3n <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>informaci\u00f3n r<span class=\"__1 _6\"></span>equerida <span class=\"__1 _6\"></span>por la <span class=\"__1 _6\"></span>Disp<span class=\"__1 _6\"></span>osici\u00f3n <span class=\"__1 _6\"></span>final segund<span class=\"__1 _6\"></span>a de <span class=\"__1 _6\"></span>la Ley 31/20<span class=\"__1 _6\"></span>14, de <span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _8\"></span>diciembre, <span class=\"__1 _8\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _8\"></span>ha <span class=\"__1 _4\"></span>sido <span class=\"__1 _8\"></span>preparada <span class=\"__1 _8\"></span>aplican<span class=\"__1 _6\"></span>do <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>Reso<span class=\"__1 _6\"></span>luci\u00f3n <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>Institu<span class=\"__1 _6\"></span>to <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>Conta<span class=\"__1 _6\"></span>bilidad <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>Aud<span class=\"__1 _6\"></span>itor\u00eda <span class=\"__1 _8\"></span>de<span class=\"__1 _1bc\"> </span>Cuentas <span class=\"__1 _cd\"> </span>de <span class=\"__1 _cd\"> </span>fecha <span class=\"__1 _c9\"> </span>29 <span class=\"__1 _cd\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _cd\"> </span>enero <span class=\"__1 _cd\"> </span>de <span class=\"__1 _c9\"> </span>2016. <span class=\"__1 _cd\"> </span>Dicha<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>informaci\u00f3n <span class=\"__1 _cd\"> </span>se <span class=\"__1 _cd\"> </span>refiere <span class=\"__1 _cd\"> </span>al <span class=\"__1 _c9\"> </span>\u00e1mb<span class=\"__1 _6\"></span>ito<span class=\"__1 _8\"></span> <span class=\"__1 _cd\"> </span>nacional <span class=\"__1 _cd\"> </span>al <span class=\"__1 _cd\"> </span>que<span class=\"__1 _1bc\"> </span>exclusivamente aplica esta n<span class=\"__1 _6\"></span>ormativa:<span class=\"__1 _1bc\"> </span>Adicionalmente, <span class=\"__1 _8\"></span>se <span class=\"__1 _6\"></span>detalla <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>informaci\u00f3n <span class=\"__1 _6\"></span>requerida <span class=\"__1 _8\"></span>por <span class=\"__1 _6\"></span>L<span class=\"__1 _6\"></span>ey <span class=\"__1 _8\"></span>18/2022, <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>28 <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>septiembre, <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>Creaci\u00f3n <span class=\"__1 _8\"></span>y<span class=\"__1 _1bc\"> </span>Crecimiento de Empresas en cuanto<span class=\"__1 _6\"></span> a las facturas pagadas en un periodo inferior al m\u00e1ximo <span class=\"__1 _6\"></span>establecido en<span class=\"__1 _1bc\"> </span>la normativa de moros<span class=\"__1 _6\"></span>idad<span class=\"__1 _6\"></span>:<span class=\"__1 _1bc\"> </span>Las especificaciones con q<span class=\"__1 _6\"></span>ue se ha elabora<span class=\"__1 _6\"></span>do dicha informaci\u00f3n s<span class=\"__1 _6\"></span>on las siguientes:<span class=\"__1 _1bc\"> </span>Se <span class=\"__1 _70\"></span>entender\u00e1 <span class=\"__1 _5\"></span>por <span class=\"__1 _70\"></span>\u201cPeriodo me<span class=\"__1 _5\"></span>dio <span class=\"__1 _70\"></span>de pago<span class=\"__1 _5\"></span> <span class=\"__1 _70\"></span>a <span class=\"__1 _70\"></span>pro<span class=\"__1 _6\"></span>veedores\u201d <span class=\"__1 _70\"></span>al <span class=\"__1 _70\"></span>plazo que<span class=\"__1 _5\"></span> <span class=\"__1 _70\"></span>trans<span class=\"__1 _6\"></span>curre <span class=\"__1 _70\"></span>desde <span class=\"__1 _70\"></span>la <span class=\"__1 _5\"></span>entrega <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>bienes<span class=\"__1 _1bc\"> </span>o <span class=\"__1 _5\"></span>prestaci\u00f3n de <span class=\"__1 _70\"></span>servicios a <span class=\"__1 _70\"></span>cargo <span class=\"__1 _5\"></span>del <span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>roveedor <span class=\"__1 _5\"></span>hasta <span class=\"__1 _5\"></span>el <span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>ago <span class=\"__1 _70\"></span>de la <span class=\"__1 _70\"></span>operaci\u00f3n. Dicho perio<span class=\"__1 _5\"></span>do se <span class=\"__1 _70\"></span>calcula como<span class=\"__1 _1bc\"> </span>el <span class=\"__1 _6\"></span>coci<span class=\"__1 _6\"></span>ente <span class=\"__1 _6\"></span>for<span class=\"__1 _6\"></span>mado <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>numerador <span class=\"__1 _8\"></span>por <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>su<span class=\"__1 _6\"></span>matorio <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>ratio <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>operaciones <span class=\"__1 _8\"></span>pagadas<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>po<span class=\"__1 _6\"></span>r <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>importe<span class=\"__1 _1bc\"> </span>total de <span class=\"__1 _6\"></span>los pago<span class=\"__1 _6\"></span>s realizados m\u00e1s<span class=\"__1 _6\"></span> la <span class=\"__1 _6\"></span>ratio d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>operaciones pendientes <span class=\"__1 _6\"></span>de p<span class=\"__1 _6\"></span>ago por <span class=\"__1 _6\"></span>el importe to<span class=\"__1 _6\"></span>tal de <span class=\"__1 _6\"></span>pagos<span class=\"__1 _1bc\"> </span>pendientes y, en el d<span class=\"__1 _6\"></span>enominador, por el importe t<span class=\"__1 _6\"></span>otal de pagos r<span class=\"__1 _6\"></span>ealizados y los pago<span class=\"__1 _6\"></span>s pendientes<span class=\"__1 _8\"></span>.<span class=\"__1 _1bc\"> </span>2023<span class=\"__1 _f1\"> </span>2022<span class=\"__1 _1bc\"> </span>Mn<span class=\"__1 _70\"></span> \u20ac<span class=\"__1 _1bc\"> </span>L\u00edmite<span class=\"__1 _1bc\"> </span>disponible<span class=\"__1 _1bc\"> </span>Saldo<span class=\"__1 _1bc\"> </span>Di<span class=\"__1 _70\"></span>spu<span class=\"__1 _6\"></span>esto<span class=\"__1 _1bc\"> </span>L\u00edmite<span class=\"__1 _1bc\"> </span>disponible<span class=\"__1 _1bc\"> </span>Saldo<span class=\"__1 _1bc\"> </span>Di<span class=\"__1 _70\"></span>spu<span class=\"__1 _6\"></span>esto<span class=\"__1 _1bc\"> </span>Neg. Celulosa<span class=\"__1 _8b\"> </span>134<span class=\"__1 _5\"></span>.500<span class=\"__1 _fc\"> </span>58.955<span class=\"__1 _33\"> </span>130<span class=\"__1 _5\"></span>.500<span class=\"__1 _fc\"> </span>76.511<span class=\"__1 _1bc\"> </span>Neg. Renovables<span class=\"__1 _5a\"> </span>47.000<span class=\"__1 _fc\"> </span>19.807<span class=\"__1 _fc\"> </span>48.000<span class=\"__1 _fc\"> </span>23.055<span class=\"__1 _1bc\"> </span>181.50<span class=\"__1 _5\"></span>0<span class=\"__1 _fc\"> </span>78.762<span class=\"__1 _ff\"> </span>178.500<span class=\"__1 _fc\"> </span>99.566<span class=\"__1 _1bc\"> </span>2023<span class=\"__1 _fd\"> </span>2022<span class=\"__1 _1bc\"> </span>Peri<span class=\"__1 _8\"></span>od<span class=\"__1 _6\"></span>o Medi<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span> de pa<span class=\"__1 _6\"></span>go a<span class=\"__1 _8\"></span> pr<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>ve<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>dor<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span> (D\u00eda<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>)<span class=\"__1 _a2\"> </span><span class=\"ls77\">63<span class=\"__1 _6f\"> </span>64<span class=\"__1 _1bc\"> </span></span>Ra<span class=\"__1 _6\"></span>ti<span class=\"__1 _8\"></span>o de ope<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> p<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>ga<span class=\"__1 _8\"></span>da<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span> (D\u00eda<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>)<span class=\"__1 _91\"> </span><span class=\"ls77\">65<span class=\"__1 _6f\"> </span>66<span class=\"__1 _1bc\"> </span></span>Ra<span class=\"__1 _6\"></span>ti<span class=\"__1 _8\"></span>o de ope<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> p<span class=\"__1 _6\"></span>e<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>di<span class=\"__1 _8\"></span>ent<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span> (D\u00eda<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>)<span class=\"__1 _88\"> </span><span class=\"ls77\">45<span class=\"__1 _6f\"> </span>53<span class=\"__1 _1bc\"> </span></span>Tot<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span> pa<span class=\"__1 _8\"></span>gos<span class=\"__1 _8\"></span> r<span class=\"__1 _6\"></span>ea<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>za<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>8<span class=\"__1 _6\"></span>74<span class=\"__1 _6\"></span>.6<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>4<span class=\"__1 _1bc\"> </span>9<span class=\"__1 _6\"></span>08<span class=\"__1 _6\"></span>.9<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>Tot<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span> pa<span class=\"__1 _8\"></span>gos<span class=\"__1 _8\"></span> pendi<span class=\"__1 _8\"></span>ent<span class=\"__1 _70\"></span>es<span class=\"__1 _176\"> </span>1<span class=\"__1 _6\"></span>22<span class=\"__1 _6\"></span>.3<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>9<span class=\"__1 _7e\"> </span>1<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.61<span class=\"__1 _6\"></span>9<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> Euro<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>D\u00eda<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _70\"></span> euros<span class=\"__1 _e1\"> </span>I<span class=\"__1 _8\"></span>mporte<span class=\"__1 _2c\"> </span>%<span class=\"__1 _3f\"> </span>I<span class=\"__1 _6\"></span>mporte<span class=\"__1 _2c\"> </span>%<span class=\"__1 _1bc\"> </span>Pa<span class=\"__1 _8\"></span>gos<span class=\"__1 _8\"></span> r<span class=\"__1 _6\"></span>e<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _4\"></span>z<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span>dos<span class=\"__1 _1bc\"> </span>44<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>.93<span class=\"__1 _6\"></span>4<span class=\"__1 _d7\"> </span><span class=\"ls78\">51%<span class=\"__1 _1f\"> </span></span>4<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.96<span class=\"__1 _6\"></span>1<span class=\"__1 _177\"> </span><span class=\"ls78\">45%<span class=\"__1 _1bc\"> </span></span>N<span class=\"__1 _70\"></span>\u00ba fa<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>tura<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span> pa<span class=\"__1 _8\"></span>ga<span class=\"__1 _6\"></span>da<span class=\"__1 _8\"></span>s<span class=\"__1 _1bc\"> </span>35<span class=\"__1 _6\"></span>.12<span class=\"__1 _6\"></span>7<span class=\"__1 _1bc\"> </span>53%<span class=\"__1 _1bc\"> </span>20<span class=\"__1 _6\"></span>.06<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>33%<span class=\"__1 _1bc\"> </span>2023<span class=\"__1 _1bc\"> </span>2022<span class=\"__1 _1bc\"> </span>Ratio de operacion<span class=\"__1 _6\"></span>es pagadas<span class=\"__1 _6\"></span>: importe en d\u00edas<span class=\"__1 _6\"></span> resultan<span class=\"__1 _6\"></span>te del cociente <span class=\"__1 _6\"></span>entre el sumatorio<span class=\"__1 _6\"></span> de los p<span class=\"__1 _8\"></span>rodu<span class=\"__1 _6\"></span>ctos<span class=\"__1 _1bc\"> </span> del importe de <span class=\"__1 _5\"></span>cada una de la<span class=\"__1 _5\"></span>s operaciones pagadas por el <span class=\"__1 _70\"></span>n\u00fa<span class=\"__1 _6\"></span>mero de d\u00edas de <span class=\"__1 _70\"></span>pago y el i<span class=\"__1 _5\"></span>mporte total de los<span class=\"__1 _1bc\"> </span> pagos realizados<span class=\"__1 _6\"></span> en el ejercicio.<span class=\"__1 _1bc\"> </span> Ratio de operaciones pendientes de pago: im<span class=\"__1 _5\"></span>porte en d\u00edas r<span class=\"__1 _5\"></span>esultante del cociente e<span class=\"__1 _5\"></span>ntre el sumatorio de los<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> productos <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>importe <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>peraci\u00f3n <span class=\"__1 _8\"></span>pendiente <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>pago<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>por <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>n\u00famero <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>d\u00edas <span class=\"__1 _8\"></span>pendientes <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>pago <span class=\"__1 _8\"></span>y <span class=\"__1 _6\"></span>el<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> importe total de los p<span class=\"__1 _6\"></span>agos pendientes<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span> Quedan <span class=\"__1 _c8\"></span>fuera <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>\u00e1mbito <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"></span>informaci\u00f3n <span class=\"__1 _4\"></span>las <span class=\"__1 _c8\"></span>obligaciones <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>pago <span class=\"__1 _c8\"></span>que <span class=\"__1 _4\"></span>hay<span class=\"__1 _6\"></span>an <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>ido <span class=\"__1 _4\"></span>objeto <span class=\"__1 _4\"></span>de <span class=\"__1 _c8\"></span>retenci\u00f3n,<span class=\"__1 _1bc\"> </span> saldos con<span class=\"__1 _6\"></span> organismos p\u00fa<span class=\"__1 _6\"></span>blicos, y pagos domiciliados.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> Este d<span class=\"__1 _6\"></span>esglose de <span class=\"__1 _6\"></span>informaci\u00f3n <span class=\"__1 _6\"></span>correspond<span class=\"__1 _6\"></span>iente a <span class=\"__1 _6\"></span>entidades <span class=\"__1 _6\"></span>espa\u00f1olas <span class=\"__1 _6\"></span>incluidas<span class=\"__1 _6\"></span> en <span class=\"__1 _6\"></span>el conjun<span class=\"__1 _6\"></span>to cons<span class=\"__1 _6\"></span>olidable<span class=\"__1 _1bc\"> </span> una vez eliminados<span class=\"__1 _6\"></span> los cr\u00e9ditos y<span class=\"__1 _6\"></span> d\u00e9bitos rec\u00edprocos de las<span class=\"__1 _6\"></span> empresas dependientes.<span class=\"__1 _1bc\"> </span><span class=\"__1 _8\"></span><span class=\"ff2_1 fs1_1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-38": {
   "value": "27.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Acti<span class=\"__1 _6\"></span>vos financieros<span class=\"__1 _1bc\"> </span></span></span><span class=\"ff5 ls0_1\"><span class=\"ff3_1\"> </span></span>27.1<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Efectivo y otros activos l<span class=\"__1 _5\"></span>\u00edquidos equ<span class=\"__1 _5\"></span>ivalentes<span class=\"__1 _1bc\"> </span></span></span><span class=\"ff5\"><span class=\"ff3_1 fc3\"> </span></span>El  ep\u00edgrafe <span class=\"__1 _c6\"> </span>\u201c<span class=\"ff4\">E<span class=\"__1 _6\"></span>fectivo<span class=\"ff3_1\">  </span></span>y <span class=\"__1 _c6\"> </span>o<span class=\"__1 _6\"></span>tros  activos <span class=\"__1 _c6\"> </span>l\u00edqu<span class=\"__1 _6\"></span>idos  equivalentes\u201d<span class=\"ff4\">  incluye  la <span class=\"__1 _c6\"> </span>tesorer\u00eda  del  Grupo <span class=\"__1 _c6\"> </span>y  dep\u00f3sitos<span class=\"__1 _1bc\"> </span></span><span class=\"ff4\"> </span>bancarios a co<span class=\"__1 _6\"></span>rto plazo con un vencimiento in<span class=\"__1 _6\"></span>icial de tres meses o<span class=\"__1 _6\"></span> un plazo in<span class=\"__1 _6\"></span>ferior. El importe en libros d<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span> estos activos<span class=\"__1 _6\"></span> se aproxima a su valo<span class=\"__1 _6\"></span>r razonable.  27.2<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Otros activos financieros<span class=\"__1 _1bc\"> </span></span></span><span class=\"ff5\"><span class=\"ff3_1 fc3\"><span class=\"__1 _5\"></span> </span></span>El detalle <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e este <span class=\"__1 _5\"></span>ep\u00edgrafe del Estado de <span class=\"__1 _70\"></span>Situ<span class=\"__1 _6\"></span>aci\u00f3n Financiera consolidado al <span class=\"__1 _5\"></span>31 de <span class=\"__1 _70\"></span>di<span class=\"__1 _6\"></span>ciembre de <span class=\"__1 _5\"></span>2023 y 2022<span class=\"__1 _1bc\"> </span> es el siguiente:<span class=\"__1 _1bc\"> </span>La cuenta \u201cEfectivo p<span class=\"__1 _6\"></span>ara cobertu<span class=\"__1 _6\"></span>ras de deud<span class=\"__1 _6\"></span>a financiera\u201d in<span class=\"__1 _6\"></span>cluye tesorer\u00eda destinad<span class=\"__1 _6\"></span>a a cu<span class=\"__1 _6\"></span>brir la obligaci\u00f3n,<span class=\"__1 _1bc\"> </span>establecida <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>financiaci\u00f3n <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>Negocio <span class=\"__1 _8\"></span>Energ\u00eda <span class=\"__1 _6\"></span>Renovab<span class=\"__1 _6\"></span>le, d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>mantener <span class=\"__1 _6\"></span>un <span class=\"__1 _8\"></span>efectivo <span class=\"__1 _6\"></span>m\u00ednimo <span class=\"__1 _6\"></span>dis<span class=\"__1 _6\"></span>ponible<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _6\"></span>10 <span class=\"__1 _8\"></span>millones <span class=\"__1 _6\"></span><span class=\"ff6\">\u20ac</span>, <span class=\"__1 _8\"></span>cuant\u00eda <span class=\"__1 _8\"></span>que <span class=\"__1 _6\"></span>puede <span class=\"__1 _8\"></span>verse <span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>ncrementada <span class=\"__1 _8\"></span>hasta <span class=\"__1 _8\"></span>30 <span class=\"__1 _6\"></span>millones <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>euros <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>fun<span class=\"__1 _6\"></span>ci\u00f3n <span class=\"__1 _6\"></span>del <span class=\"__1 _8\"></span>grado<span class=\"__1 _1bc\"> </span>de utilizaci\u00f3n de la l\u00edn<span class=\"__1 _6\"></span>ea de cr<span class=\"__1 _6\"></span>\u00e9dito contemplada en <span class=\"__1 _6\"></span>el tram<span class=\"__1 _6\"></span>o 4\u00ba de la finan<span class=\"__1 _6\"></span>ciaci\u00f3n (v\u00e9ase <span class=\"__1 _6\"></span>Nota 28), y q<span class=\"__1 _6\"></span>ue al<span class=\"__1 _1bc\"> </span>cierre de 2023 2022 est\u00e1 \u00edn<span class=\"__1 _6\"></span>tegramente dispon<span class=\"__1 _6\"></span>ible.<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> Euros<span class=\"__1 _1bc\"> </span>Cor<span class=\"__1 _6\"></span>to<span class=\"__1 _1bc\"> </span>Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>zo<span class=\"__1 _1bc\"> </span>L<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>go<span class=\"__1 _1bc\"> </span>Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>zo<span class=\"__1 _1bc\"> </span>Cor<span class=\"__1 _6\"></span>to<span class=\"__1 _1bc\"> </span>Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>zo<span class=\"__1 _1bc\"> </span>L<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>go<span class=\"__1 _1bc\"> </span>Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>zo<span class=\"__1 _1bc\"> </span>V<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span> de a<span class=\"__1 _6\"></span>j<span class=\"__1 _8\"></span>us<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span> por<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>nes<span class=\"__1 _6\"></span> (Not<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span> 2<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>)<span class=\"__1 _9c\"> </span><span class=\"ls79\">               -   <span class=\"__1 _150\"> </span></span>  <span class=\"__1 _6\"></span>    2<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.12<span class=\"__1 _6\"></span>9 <span class=\"__1 _159\"> </span><span class=\"ls79\">               -   <span class=\"__1 _cf\"> </span>               -  </span>Contra<span class=\"__1 _8\"></span>to de<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>qui<span class=\"__1 _8\"></span>dez a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n Enc<span class=\"__1 _6\"></span>e (N<span class=\"__1 _70\"></span>ota<span class=\"__1 _6\"></span> 2<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.5)<span class=\"__1 _ed\"> </span><span class=\"ls79\">        1<span class=\"__1 _6\"></span>.03<span class=\"__1 _6\"></span>9 <span class=\"__1 _2a\"> </span>               -   <span class=\"__1 _e9\"> </span>        2<span class=\"__1 _6\"></span>.05<span class=\"__1 _6\"></span>8 <span class=\"__1 _2a\"> </span>               -  </span>Contra<span class=\"__1 _8\"></span>pr<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n c<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>nti<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>ge<span class=\"__1 _70\"></span>nte<span class=\"__1 _5\"></span> (Not<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span> 3<span class=\"__1 _6\"></span>4)<span class=\"__1 _151\"> </span><span class=\"ls79\">        2.65<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span> <span class=\"__1 _cc\"> </span></span>      <span class=\"__1 _6\"></span>16<span class=\"__1 _6\"></span>.51<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _178\"> </span><span class=\"ls79\">        5.63<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _cc\"> </span></span>      1<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.14<span class=\"__1 _6\"></span>9<span class=\"__1 _1bc\"> </span>Cr<span class=\"__1 _6\"></span>\u00e9<span class=\"__1 _5\"></span>di<span class=\"__1 _8\"></span>tos<span class=\"__1 _6\"></span> p<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span> s<span class=\"__1 _8\"></span>uba<span class=\"__1 _8\"></span>r<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>ndos<span class=\"__1 _8\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> maq<span class=\"__1 _6\"></span>ui<span class=\"__1 _8\"></span>na<span class=\"__1 _8\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _52\"> </span><span class=\"ls79\">               -   <span class=\"__1 _cb\"> </span>        4.68<span class=\"__1 _6\"></span>9 <span class=\"__1 _113\"> </span>               -   <span class=\"__1 _150\"> </span>        2<span class=\"__1 _6\"></span>.557<span class=\"__1 _1bc\"> </span></span>Efe<span class=\"__1 _70\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vo<span class=\"__1 _6\"></span> pa<span class=\"__1 _8\"></span>ra<span class=\"__1 _8\"></span> c<span class=\"__1 _6\"></span>obertur<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> deuda<span class=\"__1 _6\"></span> fi<span class=\"__1 _8\"></span>n<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>ra<span class=\"__1 _82\"> </span><span class=\"ls79\">               -   <span class=\"__1 _150\"> </span></span> <span class=\"__1 _6\"></span>     1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _158\"> </span><span class=\"ls79\">               -   <span class=\"__1 _150\"> </span></span>    <span class=\"__1 _6\"></span>  1<span class=\"__1 _6\"></span>0.0<span class=\"__1 _6\"></span>00<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>\u00f3s<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>tos<span class=\"__1 _6\"></span>, fi<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>za<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> y otra<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span> c<span class=\"__1 _6\"></span>uent<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span> por<span class=\"__1 _6\"></span> c<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>br<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>r<span class=\"__1 _61\"> </span><span class=\"ls79\">        1.467<span class=\"__1 _6\"></span> <span class=\"__1 _cc\"> </span>        2<span class=\"__1 _6\"></span>.93<span class=\"__1 _6\"></span>8 <span class=\"__1 _127\"> </span>        2.21<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _cc\"> </span>        2.11<span class=\"__1 _6\"></span>0</span>        5.16<span class=\"__1 _6\"></span>3 <span class=\"__1 _cc\"> </span><span class=\"ls0_1\"> <span class=\"__1 _6\"></span>     6<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>27<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span> <span class=\"__1 _178\"> </span><span class=\"ls79\">        9.89<span class=\"__1 _6\"></span>8 <span class=\"__1 _cc\"> </span></span>  <span class=\"__1 _6\"></span>    3<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>81<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span></span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>02<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>02<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-618": {
   "value": "27.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Acti<span class=\"__1 _6\"></span>vos financieros<span class=\"__1 _1bc\"> </span></span></span>27.1<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Efectivo y otros activos l<span class=\"__1 _5\"></span>\u00edquidos equ<span class=\"__1 _5\"></span>ivalentes<span class=\"__1 _1bc\"> </span></span></span>El  ep\u00edgrafe <span class=\"__1 _c6\"> </span>\u201c<span class=\"ff4\">E<span class=\"__1 _6\"></span>fectivo<span class=\"ff3_1\">  </span></span>y <span class=\"__1 _c6\"> </span>o<span class=\"__1 _6\"></span>tros  activos <span class=\"__1 _c6\"> </span>l\u00edqu<span class=\"__1 _6\"></span>idos  equivalentes\u201d<span class=\"ff4\">  incluye  la <span class=\"__1 _c6\"> </span>tesorer\u00eda  del  Grupo <span class=\"__1 _c6\"> </span>y  dep\u00f3sitos<span class=\"__1 _1bc\"> </span></span>bancarios a co<span class=\"__1 _6\"></span>rto plazo con un vencimiento in<span class=\"__1 _6\"></span>icial de tres meses o<span class=\"__1 _6\"></span> un plazo in<span class=\"__1 _6\"></span>ferior. El importe en libros d<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span>estos activos<span class=\"__1 _6\"></span> se aproxima a su valo<span class=\"__1 _6\"></span>r razonable. 27.2<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Otros activos financieros<span class=\"__1 _1bc\"> </span></span></span>El detalle <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e este <span class=\"__1 _5\"></span>ep\u00edgrafe del Estado de <span class=\"__1 _70\"></span>Situ<span class=\"__1 _6\"></span>aci\u00f3n Financiera consolidado al <span class=\"__1 _5\"></span>31 de <span class=\"__1 _70\"></span>di<span class=\"__1 _6\"></span>ciembre de <span class=\"__1 _5\"></span>2023 y 2022<span class=\"__1 _1bc\"> </span>es el siguiente:<span class=\"__1 _1bc\"> </span>La cuenta \u201cEfectivo p<span class=\"__1 _6\"></span>ara cobertu<span class=\"__1 _6\"></span>ras de deud<span class=\"__1 _6\"></span>a financiera\u201d in<span class=\"__1 _6\"></span>cluye tesorer\u00eda destinad<span class=\"__1 _6\"></span>a a cu<span class=\"__1 _6\"></span>brir la obligaci\u00f3n,<span class=\"__1 _1bc\"> </span>establecida <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>financiaci\u00f3n <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>Negocio <span class=\"__1 _8\"></span>Energ\u00eda <span class=\"__1 _6\"></span>Renovab<span class=\"__1 _6\"></span>le, d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>mantener <span class=\"__1 _6\"></span>un <span class=\"__1 _8\"></span>efectivo <span class=\"__1 _6\"></span>m\u00ednimo <span class=\"__1 _6\"></span>dis<span class=\"__1 _6\"></span>ponible<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _6\"></span>10 <span class=\"__1 _8\"></span>millones <span class=\"__1 _6\"></span><span class=\"ff6\">\u20ac</span>, <span class=\"__1 _8\"></span>cuant\u00eda <span class=\"__1 _8\"></span>que <span class=\"__1 _6\"></span>puede <span class=\"__1 _8\"></span>verse <span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>ncrementada <span class=\"__1 _8\"></span>hasta <span class=\"__1 _8\"></span>30 <span class=\"__1 _6\"></span>millones <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>euros <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>fun<span class=\"__1 _6\"></span>ci\u00f3n <span class=\"__1 _6\"></span>del <span class=\"__1 _8\"></span>grado<span class=\"__1 _1bc\"> </span>de utilizaci\u00f3n de la l\u00edn<span class=\"__1 _6\"></span>ea de cr<span class=\"__1 _6\"></span>\u00e9dito contemplada en <span class=\"__1 _6\"></span>el tram<span class=\"__1 _6\"></span>o 4\u00ba de la finan<span class=\"__1 _6\"></span>ciaci\u00f3n (v\u00e9ase <span class=\"__1 _6\"></span>Nota 28), y q<span class=\"__1 _6\"></span>ue al<span class=\"__1 _1bc\"> </span>cierre de 2023 2022 est\u00e1 \u00edn<span class=\"__1 _6\"></span>tegramente dispon<span class=\"__1 _6\"></span>ible.<span class=\"__1 _1bc\"> </span>Con <span class=\"__1 _70\"></span>fecha <span class=\"__1 _5\"></span>20 <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>diciembre <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>2020, <span class=\"__1 _70\"></span>E<span class=\"__1 _6\"></span>nce <span class=\"__1 _70\"></span>Energ\u00eda <span class=\"__1 _5\"></span>y <span class=\"__1 _70\"></span>Celulosa,<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>S.A. <span class=\"__1 _70\"></span>complet\u00f3 <span class=\"__1 _5\"></span>la <span class=\"__1 _70\"></span>venta<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>a <span class=\"__1 _5\"></span>la <span class=\"__1 _70\"></span>entidad <span class=\"__1 _5\"></span>Woodpecker<span class=\"__1 _1bc\"> </span>Acquisitions <span class=\"__1 _6\"></span>S.a.r.l, <span class=\"__1 _6\"></span>controlada p<span class=\"__1 _6\"></span>or Ancala <span class=\"__1 _6\"></span>Partners <span class=\"__1 _6\"></span>LLP, <span class=\"__1 _6\"></span>de una <span class=\"__1 _6\"></span>participaci\u00f3n<span class=\"__1 _6\"></span> minoritaria <span class=\"__1 _6\"></span>del 49% <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>la filial<span class=\"__1 _1bc\"> </span>Magnon <span class=\"__1 _c8\"></span>Green <span class=\"__1 _4\"></span>En<span class=\"__1 _6\"></span>ergy, <span class=\"__1 _c8\"> </span>S.L., <span class=\"__1 _c8\"></span>holding <span class=\"__1 _c8\"> </span>del <span class=\"__1 _c8\"></span>Negocio <span class=\"__1 _4\"></span>E<span class=\"__1 _6\"></span>nerg\u00eda <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>E<span class=\"__1 _6\"></span>NCE.<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>Una <span class=\"__1 _c8\"></span>parte <span class=\"__1 _c8\"></span>del <span class=\"__1 _4\"></span>p<span class=\"__1 _6\"></span>recio <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>v<span class=\"__1 _6\"></span>enta <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>la<span class=\"__1 _1bc\"> </span>participaci\u00f3n por importe <span class=\"__1 _5\"></span>de 134 millones <span class=\"ff6\">\u20ac <span class=\"__1 _70\"></span>es <span class=\"ff4\">variable en funci\u00f3n del <span class=\"__1 _70\"></span>\u00e9xito<span class=\"__1 _6\"></span> en <span class=\"__1 _5\"></span>el desarrollo de <span class=\"__1 _70\"></span>la cartera de<span class=\"__1 _1bc\"> </span></span></span>proyectos <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>energ\u00eda <span class=\"__1 _6\"></span>renovable <span class=\"__1 _6\"></span>con <span class=\"__1 _6\"></span>biomasa, <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>pr\u00f3ximos <span class=\"__1 _6\"></span>8 <span class=\"__1 _6\"></span>a\u00f1os.<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>ENCE <span class=\"__1 _6\"></span>mantiene <span class=\"__1 _6\"></span>un <span class=\"__1 _6\"></span>importe <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>cobrar<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _c6\"> </span>17.<span class=\"__1 _6\"></span>160  miles <span class=\"__1 _c6\"> </span><span class=\"ff6\">\u20ac  al <span class=\"__1 _c6\"> </span>31  de  dicie<span class=\"__1 _5\"></span>mbre  de <span class=\"__1 _c6\"> </span>2023  (21.920  m<span class=\"__1 _5\"></span>iles <span class=\"__1 _ca\"> </span>\u20ac <span class=\"__1 _ca\"> </span>al  31 <span class=\"__1 _c6\"> </span>de  diciembre <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c6\"> </span>2022<span class=\"__1 _6\"></span>), <span class=\"__1 _ca\"> </span>que <span class=\"__1 _ca\"> </span>se<span class=\"__1 _1bc\"> </span></span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> Euros<span class=\"__1 _1bc\"> </span>Cor<span class=\"__1 _6\"></span>to<span class=\"__1 _1bc\"> </span>Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>zo<span class=\"__1 _1bc\"> </span>L<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>go<span class=\"__1 _1bc\"> </span>Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>zo<span class=\"__1 _1bc\"> </span>Cor<span class=\"__1 _6\"></span>to<span class=\"__1 _1bc\"> </span>Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>zo<span class=\"__1 _1bc\"> </span>L<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>go<span class=\"__1 _1bc\"> </span>Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>zo<span class=\"__1 _1bc\"> </span>V<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span> de a<span class=\"__1 _6\"></span>j<span class=\"__1 _8\"></span>us<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span> por<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>nes<span class=\"__1 _6\"></span> (Not<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span> 2<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>)<span class=\"__1 _9c\"> </span><span class=\"ls79\">               -   <span class=\"__1 _150\"> </span></span>  <span class=\"__1 _6\"></span>    2<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.12<span class=\"__1 _6\"></span>9 <span class=\"__1 _159\"> </span><span class=\"ls79\">               -   <span class=\"__1 _cf\"> </span>               -  </span>Contra<span class=\"__1 _8\"></span>to de<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>qui<span class=\"__1 _8\"></span>dez a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n Enc<span class=\"__1 _6\"></span>e (N<span class=\"__1 _70\"></span>ota<span class=\"__1 _6\"></span> 2<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.5)<span class=\"__1 _ed\"> </span><span class=\"ls79\">        1<span class=\"__1 _6\"></span>.03<span class=\"__1 _6\"></span>9 <span class=\"__1 _2a\"> </span>               -   <span class=\"__1 _e9\"> </span>        2<span class=\"__1 _6\"></span>.05<span class=\"__1 _6\"></span>8 <span class=\"__1 _2a\"> </span>               -  </span>Contra<span class=\"__1 _8\"></span>pr<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n c<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>nti<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>ge<span class=\"__1 _70\"></span>nte<span class=\"__1 _5\"></span> (Not<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span> 3<span class=\"__1 _6\"></span>4)<span class=\"__1 _151\"> </span><span class=\"ls79\">        2.65<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span> <span class=\"__1 _cc\"> </span></span>      <span class=\"__1 _6\"></span>16<span class=\"__1 _6\"></span>.51<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _178\"> </span><span class=\"ls79\">        5.63<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _cc\"> </span></span>      1<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.14<span class=\"__1 _6\"></span>9<span class=\"__1 _1bc\"> </span>Cr<span class=\"__1 _6\"></span>\u00e9<span class=\"__1 _5\"></span>di<span class=\"__1 _8\"></span>tos<span class=\"__1 _6\"></span> p<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span> s<span class=\"__1 _8\"></span>uba<span class=\"__1 _8\"></span>r<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>ndos<span class=\"__1 _8\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> maq<span class=\"__1 _6\"></span>ui<span class=\"__1 _8\"></span>na<span class=\"__1 _8\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _52\"> </span><span class=\"ls79\">               -   <span class=\"__1 _cb\"> </span>        4.68<span class=\"__1 _6\"></span>9 <span class=\"__1 _113\"> </span>               -   <span class=\"__1 _150\"> </span>        2<span class=\"__1 _6\"></span>.557<span class=\"__1 _1bc\"> </span></span>Efe<span class=\"__1 _70\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vo<span class=\"__1 _6\"></span> pa<span class=\"__1 _8\"></span>ra<span class=\"__1 _8\"></span> c<span class=\"__1 _6\"></span>obertur<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> deuda<span class=\"__1 _6\"></span> fi<span class=\"__1 _8\"></span>n<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>ra<span class=\"__1 _82\"> </span><span class=\"ls79\">               -   <span class=\"__1 _150\"> </span></span> <span class=\"__1 _6\"></span>     1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _158\"> </span><span class=\"ls79\">               -   <span class=\"__1 _150\"> </span></span>    <span class=\"__1 _6\"></span>  1<span class=\"__1 _6\"></span>0.0<span class=\"__1 _6\"></span>00<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>\u00f3s<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>tos<span class=\"__1 _6\"></span>, fi<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>za<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> y otra<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span> c<span class=\"__1 _6\"></span>uent<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span> por<span class=\"__1 _6\"></span> c<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>br<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>r<span class=\"__1 _61\"> </span><span class=\"ls79\">        1.467<span class=\"__1 _6\"></span> <span class=\"__1 _cc\"> </span>        2<span class=\"__1 _6\"></span>.93<span class=\"__1 _6\"></span>8 <span class=\"__1 _127\"> </span>        2.21<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _cc\"> </span>        2.11<span class=\"__1 _6\"></span>0</span>        5.16<span class=\"__1 _6\"></span>3 <span class=\"__1 _cc\"> </span><span class=\"ls0_1\"> <span class=\"__1 _6\"></span>     6<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>27<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span> <span class=\"__1 _178\"> </span><span class=\"ls79\">        9.89<span class=\"__1 _6\"></span>8 <span class=\"__1 _cc\"> </span></span>  <span class=\"__1 _6\"></span>    3<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>81<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span></span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>02<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>02<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>corresponde <span class=\"__1 _8\"></span>con <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>valo<span class=\"__1 _6\"></span>r <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>resente, <span class=\"__1 _6\"></span>actualizad<span class=\"__1 _6\"></span>o <span class=\"__1 _8\"></span>considerando <span class=\"__1 _8\"></span>como <span class=\"__1 _6\"></span>tas<span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>descu<span class=\"__1 _6\"></span>ento <span class=\"__1 _6\"></span>un <span class=\"__1 _8\"></span>coste <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>capita<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span> del negocio del 8,4%, que <span class=\"__1 _5\"></span>se prev\u00e9 recuperar de dicho precio contingente<span class=\"__1 _6\"></span> a lo largo <span class=\"__1 _5\"></span>del periodo 2021-<span class=\"ls12\">2028.<span class=\"__1 _1bc\"> </span></span><span class=\"ls12\"><span class=\"__1 _6\"></span></span> Por otra parte, la <span class=\"__1 _5\"></span>cuenta \u201cContraprestaci\u00f3n contingente\u201d incluye un importe a cobrar de <span class=\"__1 _70\"></span>2.<span class=\"__1 _6\"></span><span class=\"ff4 ls12\">015<span class=\"ls0_1\"> </span></span>miles \u20ac al 31<span class=\"__1 _1bc\"> </span> de diciembre de 2023 (1.859 mile<span class=\"__1 _5\"></span>s \u20ac al 31 <span class=\"__1 _5\"></span>de diciembre de 2022) que se corresponde con el valor actual del<span class=\"__1 _1bc\"> </span><span class=\"__1 _70\"></span> precio <span class=\"__1 _70\"></span>contingent<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>qu<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>surgi\u00f3 en <span class=\"__1 _70\"></span>la <span class=\"__1 _70\"></span>venta<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>en <span class=\"__1 _5\"></span>2020 <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>la <span class=\"__1 _5\"></span>participa<span class=\"__1 _6\"></span>ci\u00f3n <span class=\"__1 _70\"></span>del Grupo <span class=\"__1 _70\"></span>en <span class=\"__1 _70\"></span>En<span class=\"__1 _6\"></span>ce <span class=\"__1 _70\"></span>En<span class=\"__1 _6\"></span>erg\u00eda <span class=\"__1 _5\"></span>Termollano,<span class=\"__1 _1bc\"> </span> S.A., sociedad titu<span class=\"__1 _6\"></span>lar de una <span class=\"__1 _6\"></span>instalaci\u00f3n de generaci\u00f3n d<span class=\"__1 _6\"></span>e energ\u00eda termosolar.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> La <span class=\"__1 _cb\"> </span>variaci\u00f3n <span class=\"__1 _cb\"> </span>de <span class=\"__1 _cb\"> </span>v<span class=\"__1 _6\"></span>alor <span class=\"__1 _cb\"> </span>razonable <span class=\"__1 _cb\"> </span>de <span class=\"__1 _cb\"> </span>la <span class=\"__1 _cb\"> </span>contraprestaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>contingente, <span class=\"__1 _cb\"> </span>p<span class=\"__1 _6\"></span>rincipal <span class=\"__1 _cb\"> </span>instrumento <span class=\"__1 _cb\"> </span>financiero<span class=\"__1 _1bc\"> </span> clasificado <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>Nivel <span class=\"__1 _8\"></span>3 <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>jerarqu\u00eda <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>valo<span class=\"__1 _6\"></span>r <span class=\"__1 _8\"></span>razonable, <span class=\"__1 _8\"></span>ha <span class=\"__1 _8\"></span>supuesto <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>registro <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>ingresos <span class=\"__1 _8\"></span>fina<span class=\"__1 _8\"></span>ncieros<span class=\"__1 _1bc\"> </span> asociados a <span class=\"__1 _70\"></span>la <span class=\"__1 _70\"></span>actualizaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>financiera <span class=\"__1 _5\"></span>del <span class=\"__1 _70\"></span>sald<span class=\"__1 _6\"></span>o <span class=\"__1 _70\"></span>a <span class=\"__1 _5\"></span>cobrar en <span class=\"__1 _70\"></span>2023 <span class=\"__1 _5\"></span>y <span class=\"__1 _70\"></span>20<span class=\"__1 _6\"></span>22 <span class=\"__1 _70\"></span><span class=\"ff6\">por importe <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>1.025 <span class=\"__1 _70\"></span>mi<span class=\"__1 _6\"></span>les <span class=\"__1 _70\"></span>\u20ac <span class=\"ff4 ls16\">y <span class=\"__1 _70\"></span><span class=\"ls0_1\">1.005<span class=\"__1 _1bc\"> </span></span></span></span><span class=\"ff6\"><span class=\"ff4 ls16\"><span class=\"ls0_1\"> </span></span></span>miles \u20ac<span class=\"__1 _5\"></span><span class=\"ff4\">, respectivamente (v\u00e9ase Nota <span class=\"__1 _5\"></span>13). Adicionalmente <span class=\"__1 _5\"></span>la variaci\u00f3n de <span class=\"__1 _5\"></span>esta cuenta <span class=\"__1 _5\"></span>en e<span class=\"__1 _5\"></span>l ejercicio <span class=\"__1 _70\"></span>2<span class=\"__1 _6\"></span>023 se<span class=\"__1 _1bc\"> </span></span><span class=\"ff4\"> </span>corresponde con el cob<span class=\"__1 _6\"></span>ro de <span class=\"ff6\">5.630 m<span class=\"__1 _6\"></span>iles \u20ac.<span class=\"__1 _1bc\"> </span></span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialAssetsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-612": {
   "value": "La cuenta \u201cEfectivo para coberturas de deuda financiera\u201d incluye tesorer\u00eda destinada a cubrir la obligaci\u00f3n,  establecida en la financiaci\u00f3n del Negocio Energ\u00eda Renovable, de mantener un efectivo m\u00ednimo disponible  de 10 millones \u20ac, cuant\u00eda que puede verse incrementada hasta 30 millones de euros en funci\u00f3n del grado  de utilizaci\u00f3n de la l\u00ednea de cr\u00e9dito contemplada en el tramo 4\u00ba de la financiaci\u00f3n (v\u00e9ase Nota 28), y que al  cierre de 2023 2022 est\u00e1 \u00edntegramente disponible. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRestrictedCashAndCashEquivalentsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-619": {
   "value": "28.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Deuda financiera<span class=\"__1 _1bc\"> </span></span></span>28.1<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Deudas con entidades de cr\u00e9d<span class=\"__1 _5\"></span>ito y mercado de<span class=\"__1 _5\"></span> capitales<span class=\"__1 _1bc\"> </span></span></span>La <span class=\"__1 _5\"></span>composici\u00f3n de <span class=\"__1 _70\"></span>las <span class=\"__1 _5\"></span>deudas <span class=\"__1 _70\"></span>con entidades <span class=\"__1 _5\"></span>de <span class=\"__1 _5\"></span>cr\u00e9dito <span class=\"__1 _5\"></span>al <span class=\"__1 _70\"></span>31 de <span class=\"__1 _70\"></span>diciembre <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>20<span class=\"__1 _6\"></span>23 <span class=\"__1 _5\"></span>y <span class=\"__1 _5\"></span>2022, <span class=\"__1 _70\"></span>corresp<span class=\"__1 _6\"></span>ondientes<span class=\"__1 _1bc\"> </span>a pr\u00e9stamos y<span class=\"__1 _6\"></span> l\u00edneas de descuento, clas<span class=\"__1 _6\"></span>ificadas de <span class=\"__1 _6\"></span>acuerdo con s<span class=\"__1 _6\"></span>us vencimientos, es la<span class=\"__1 _6\"></span> siguiente:<span class=\"__1 _1bc\"> </span>023<span class=\"__1 _1bc\"> </span>Cor<span class=\"__1 _6\"></span>to pl<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>zo<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es d<span class=\"__1 _6\"></span>e E<span class=\"__1 _70\"></span>u<span class=\"__1 _6\"></span>ro<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>L\u00edm<span class=\"__1 _70\"></span>i<span class=\"__1 _8\"></span>te<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>do<span class=\"__1 _1bc\"> </span>Di<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>pues<span class=\"__1 _6\"></span>to<span class=\"__1 _1bc\"> </span>2024<span class=\"__1 _1f\"> </span>2025<span class=\"__1 _fb\"> </span>2026<span class=\"__1 _103\"> </span>2027<span class=\"__1 _153\"> </span><span class=\"ls0_1\">Si<span class=\"__1 _8\"></span>gui<span class=\"__1 _6\"></span>ente<span class=\"__1 _70\"></span>s<span class=\"__1 _1bc\"> </span></span>Tot<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span> Lar<span class=\"__1 _6\"></span>go<span class=\"__1 _1bc\"> </span>Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>zo<span class=\"__1 _1bc\"> </span>euda<span class=\"__1 _6\"></span> fi<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>era<span class=\"__1 _6\"></span> Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o CEL<span class=\"__1 _5\"></span>UL<span class=\"__1 _70\"></span>O<span class=\"__1 _6\"></span>SA -<span class=\"__1 _1bc\"> </span>Obl<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ga<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> em<span class=\"__1 _5\"></span>i<span class=\"__1 _6\"></span>ti<span class=\"__1 _8\"></span>da<span class=\"__1 _6\"></span>s           53<span class=\"__1 _6\"></span>.047<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>           53<span class=\"__1 _6\"></span>.04<span class=\"__1 _6\"></span>7 <span class=\"__1 _cd\"> </span>           5<span class=\"__1 _6\"></span>3.04<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span> <span class=\"__1 _178\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _150\"> </span>                     - L\u00edne<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span> de cr<span class=\"__1 _6\"></span>\u00e9<span class=\"__1 _5\"></span>di<span class=\"__1 _8\"></span>to \u2013<span class=\"__1 _70\"></span> r<span class=\"__1 _6\"></span>evol<span class=\"__1 _8\"></span>vi<span class=\"__1 _6\"></span>ng         13<span class=\"__1 _6\"></span>0.00<span class=\"__1 _6\"></span>0 <span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _c4\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _150\"> </span>                     - Pr<span class=\"__1 _6\"></span>\u00e9s<span class=\"__1 _6\"></span>tamos<span class=\"__1 _6\"></span> b<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>os         39<span class=\"__1 _6\"></span>0.50<span class=\"__1 _6\"></span>0 <span class=\"__1 _c9\"> </span>         3<span class=\"__1 _6\"></span>60<span class=\"__1 _6\"></span>.500<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>           82<span class=\"__1 _6\"></span>.44<span class=\"__1 _6\"></span>4 <span class=\"__1 _bd\"> </span>           7<span class=\"__1 _6\"></span>5.61<span class=\"__1 _6\"></span>0 <span class=\"__1 _cd\"> </span>           7<span class=\"__1 _6\"></span>8.82<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>           67<span class=\"__1 _6\"></span>.301<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>           5<span class=\"__1 _6\"></span>6.31<span class=\"__1 _6\"></span>6 <span class=\"__1 _c9\"> </span>         27<span class=\"__1 _6\"></span>8.05<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span>Cos<span class=\"__1 _6\"></span>tes <span class=\"__1 _6\"></span>de e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>truc<span class=\"__1 _6\"></span>tura<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3n                     -   <span class=\"__1 _bf\"></span>               (90<span class=\"__1 _6\"></span>2)<span class=\"__1 _cd\"> </span>               (2<span class=\"__1 _6\"></span>85<span class=\"__1 _6\"></span>)<span class=\"__1 _bd\"> </span>               (26<span class=\"__1 _6\"></span>1)<span class=\"__1 _cd\"> </span>               (1<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>4)<span class=\"__1 _cd\"> </span>               (1<span class=\"__1 _6\"></span>06<span class=\"__1 _6\"></span>)<span class=\"__1 _150\"> </span>                  (6<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>               (61<span class=\"__1 _6\"></span>6)<span class=\"__1 _1bc\"> </span>Deuda<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> po<span class=\"__1 _6\"></span>r i<span class=\"__1 _8\"></span>ntere<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>, cu<span class=\"__1 _6\"></span>p\u00f3n y<span class=\"__1 _6\"></span> otros                     -   <span class=\"__1 _70\"></span>              2<span class=\"__1 _6\"></span>.303<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>              2<span class=\"__1 _6\"></span>.303<span class=\"__1 _6\"></span> <span class=\"__1 _178\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -          57<span class=\"__1 _6\"></span>3.54<span class=\"__1 _6\"></span>7 <span class=\"__1 _c9\"> </span>         41<span class=\"__1 _6\"></span>4.94<span class=\"__1 _6\"></span>8 <span class=\"__1 _c9\"> </span>         13<span class=\"__1 _6\"></span>7.50<span class=\"__1 _6\"></span>9 <span class=\"__1 _b7\"> </span>           75.34<span class=\"__1 _6\"></span>9 <span class=\"__1 _cd\"> </span>           7<span class=\"__1 _6\"></span>8.64<span class=\"__1 _6\"></span>5 <span class=\"__1 _cd\"> </span>           6<span class=\"__1 _6\"></span>7.19<span class=\"__1 _6\"></span>5 <span class=\"__1 _cd\"> </span>           5<span class=\"__1 _6\"></span>6.25<span class=\"__1 _6\"></span>1 <span class=\"__1 _cd\"> </span>         2<span class=\"__1 _6\"></span>77<span class=\"__1 _6\"></span>.440<span class=\"__1 _1bc\"> </span>euda<span class=\"__1 _6\"></span> fi<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>era<span class=\"__1 _6\"></span> Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o REN<span class=\"__1 _5\"></span>OVA<span class=\"__1 _5\"></span>BL<span class=\"__1 _5\"></span>ES -<span class=\"__1 _1bc\"> </span>Obl<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ga<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> em<span class=\"__1 _5\"></span>i<span class=\"__1 _6\"></span>ti<span class=\"__1 _8\"></span>da<span class=\"__1 _6\"></span>s           79<span class=\"__1 _6\"></span>.000<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>           79<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>0 <span class=\"__1 _cc\"> </span>                     -   <span class=\"__1 _c5\"> </span>           79.00<span class=\"__1 _6\"></span>0 <span class=\"__1 _cc\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _cb\"> </span>           7<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>.000<span class=\"__1 _1bc\"> </span>L\u00edne<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span> de cr<span class=\"__1 _6\"></span>\u00e9<span class=\"__1 _5\"></span>di<span class=\"__1 _8\"></span>to \u2013<span class=\"__1 _70\"></span> r<span class=\"__1 _6\"></span>evol<span class=\"__1 _8\"></span>vi<span class=\"__1 _6\"></span>ng           20<span class=\"__1 _6\"></span>.000<span class=\"__1 _6\"></span> <span class=\"__1 _cc\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _145\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _d1\"> </span>                     - Pr<span class=\"__1 _6\"></span>\u00e9s<span class=\"__1 _6\"></span>tamos<span class=\"__1 _6\"></span> b<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>os           43<span class=\"__1 _6\"></span>.983<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>           43<span class=\"__1 _6\"></span>.98<span class=\"__1 _6\"></span>3 <span class=\"__1 _c1\"> </span>           33.73<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span> <span class=\"__1 _b7\"> </span>           1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.250<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _c9\"> </span>           10.25<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span>Cos<span class=\"__1 _6\"></span>tes <span class=\"__1 _6\"></span>de e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>truc<span class=\"__1 _6\"></span>tura<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3n                     -   <span class=\"__1 _4\"> </span>               (515<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>               (18<span class=\"__1 _6\"></span>0)<span class=\"__1 _bd\"> </span>               (33<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>)<span class=\"__1 _cc\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -                   (3<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>5)<span class=\"__1 _1bc\"> </span>Deuda<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> po<span class=\"__1 _6\"></span>r i<span class=\"__1 _8\"></span>ntere<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>, cu<span class=\"__1 _6\"></span>p\u00f3n y<span class=\"__1 _6\"></span> otros                     -                       48<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                   48<span class=\"__1 _6\"></span> <span class=\"__1 _a8\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _d1\"> </span>                     - 14<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.983<span class=\"__1 _ab\"> </span>12<span class=\"__1 _6\"></span>2.51<span class=\"__1 _6\"></span>6<span class=\"__1 _125\"> </span>3<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.601<span class=\"__1 _16\"> </span>88<span class=\"__1 _6\"></span>.915<span class=\"__1 _aa\"> </span><span class=\"ff4 ls7b\">                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _bf\"></span><span class=\"ff3_1\">           88<span class=\"__1 _6\"></span>.915<span class=\"__1 _1bc\"> </span></span></span>71<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.530<span class=\"__1 _ab\"> </span>53<span class=\"__1 _6\"></span>7.46<span class=\"__1 _6\"></span>4<span class=\"__1 _20\"> </span>1<span class=\"__1 _6\"></span>71<span class=\"__1 _6\"></span>.11<span class=\"__1 _6\"></span>0<span class=\"__1 _10c\"> </span>16<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>.264<span class=\"__1 _80\"> </span>78<span class=\"__1 _6\"></span>.64<span class=\"__1 _6\"></span>5<span class=\"__1 _125\"> </span>6<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>19<span class=\"__1 _6\"></span>5<span class=\"__1 _80\"> </span>56<span class=\"__1 _6\"></span>.251<span class=\"__1 _ab\"> </span>36<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.355<span class=\"__1 _1bc\"> </span>Ve<span class=\"__1 _70\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>mi<span class=\"__1 _6\"></span>ent<span class=\"__1 _5\"></span>o en e<span class=\"__1 _5\"></span>l<span class=\"__1 _6\"></span> a<span class=\"__1 _8\"></span>\u00f1o<span class=\"__1 _1bc\"> </span>Cada <span class=\"__1 _8\"></span>negocio <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>financia <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>forma <span class=\"__1 _8\"></span>independiente <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>otro.<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>No <span class=\"__1 _8\"></span>hay <span class=\"__1 _8\"></span>recurso <span class=\"__1 _8\"></span>o <span class=\"__1 _8\"></span>gara<span class=\"__1 _6\"></span>nt\u00edas <span class=\"__1 _8\"></span>significativas <span class=\"__1 _8\"></span>entre<span class=\"__1 _1bc\"> </span>ambos.<span class=\"__1 _1bc\"> </span>Los <span class=\"__1 _8\"></span>pagos<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>intereses <span class=\"__1 _8\"></span>previstos <span class=\"__1 _4\"></span>a <span class=\"__1 _8\"></span>futuro <span class=\"__1 _8\"></span><span class=\"ff6\">asociad<span class=\"__1 _6\"></span>os <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>\u201cDeudas <span class=\"__1 _8\"></span>con <span class=\"__1 _8\"></span>entidades<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>cr\u00e9dito <span class=\"__1 _8\"></span>y<span class=\"__1 _6\"></span></span> <span class=\"__1 _8\"></span>mercado <span class=\"__1 _8\"></span>de<span class=\"__1 _1bc\"> </span>capitales\u201d <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c8\"></span>\u201cOtros <span class=\"__1 _c8\"></span>pasivos <span class=\"__1 _c8\"></span>financieros <span class=\"__1 _c8\"> </span>\u2013<span class=\"ff4\"> <span class=\"__1 _c8\"> </span></span>financiaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>organ<span class=\"__1 _6\"></span>ismos <span class=\"__1 _c8\"></span>p\u00fablicos\u201d, <span class=\"__1 _c8\"> </span>considerando <span class=\"__1 _c6\"> </span><span class=\"ff4\">los <span class=\"__1 _c8\"> </span>niveles <span class=\"__1 _c8\"> </span>de<span class=\"__1 _1bc\"> </span></span>endeudamiento <span class=\"__1 _c8\"> </span>y<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>tipos <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>in<span class=\"__1 _6\"></span>ter\u00e9s <span class=\"__1 _c8\"> </span>actuales<span class=\"__1 _6\"></span>, <span class=\"__1 _c8\"> </span>se <span class=\"__1 _c8\"> </span>situ<span class=\"__1 _6\"></span>ar\u00e1n <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c8\"> </span>el <span class=\"__1 _c8\"> </span>entorn<span class=\"__1 _6\"></span>o <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>los <span class=\"__1 _c8\"> </span>15<span class=\"__1 _6\"></span>-<span class=\"ff6\">18 <span class=\"__1 _c8\"> </span>millones <span class=\"__1 _c8\"> </span>\u20ac <span class=\"__1 _c6\"> </span></span>en <span class=\"__1 _c8\"> </span>ENCE<span class=\"__1 _1bc\"> </span>Celulosa y en el entorn<span class=\"__1 _6\"></span>o de los 6 <span class=\"__1 _6\"></span>- 8 <span class=\"ff6\">millones \u20ac</span> en EN<span class=\"__1 _6\"></span>CE Renovab<span class=\"__1 _6\"></span>les.<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _c8\"> </span>coste <span class=\"__1 _c8\"> </span>medio <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"></span>la <span class=\"__1 _c8\"></span>deuda <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>E<span class=\"__1 _6\"></span>NCE <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c8\"> </span>2023 <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c8\"> </span>2022 <span class=\"__1 _c8\"> </span>h<span class=\"__1 _6\"></span>a <span class=\"__1 _c8\"> </span>sido <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _c8\"></span>4,64% <span class=\"__1 _c8\"></span>y <span class=\"__1 _c8\"> </span>2,13%, <span class=\"__1 _c8\"> </span>respectivamente. <span class=\"__1 _c8\"> </span>Por<span class=\"__1 _1bc\"> </span>negocios, ENCE<span class=\"__1 _6\"></span> Celulosa ha t<span class=\"__1 _6\"></span>enido u<span class=\"__1 _6\"></span>n coste medio<span class=\"__1 _6\"></span> en dicho<span class=\"__1 _6\"></span>s periodos<span class=\"__1 _6\"></span> del 4,68% y 1,5<span class=\"__1 _6\"></span>5%, respectiva<span class=\"__1 _8\"></span>mente,<span class=\"__1 _1bc\"> </span>y el ENCE Renov<span class=\"__1 _6\"></span>ables del 4,51% y 4,03%, respectivam<span class=\"__1 _6\"></span>ente.<span class=\"__1 _1bc\"> </span>Al <span class=\"__1 _4\"></span>31 <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>diciembre <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>2023 <span class=\"__1 _4\"></span>ENCE <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>las <span class=\"__1 _4\"></span>empresas <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>Grupo <span class=\"__1 _4\"></span>cumplen <span class=\"__1 _4\"></span>\u00edntegramente <span class=\"__1 _4\"></span>con <span class=\"__1 _4\"></span>sus <span class=\"__1 _4\"></span>obligaciones<span class=\"__1 _1bc\"> </span>financieras <span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>cualquier <span class=\"__1 _6\"></span>otro <span class=\"__1 _6\"></span>tipo<span class=\"__1 _6\"></span>, <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>pudieran <span class=\"__1 _6\"></span>dar <span class=\"__1 _6\"></span>lugar <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>vencimiento <span class=\"__1 _6\"></span>anticipado <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>su<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>comp<span class=\"__1 _6\"></span>romisos<span class=\"__1 _1bc\"> </span>financieros. La <span class=\"__1 _c9\"> </span>financiaci\u00f3n <span class=\"__1 _c9\"> </span>de <span class=\"__1 _c9\"> </span>ENCE <span class=\"__1 _c9\"> </span>no <span class=\"__1 _cb\"> </span>est\u00e1 <span class=\"__1 _c9\"> </span>sujeta <span class=\"__1 _c9\"> </span>a <span class=\"__1 _c9\"> </span>ning\u00fan <span class=\"__1 _c9\"> </span>tipo <span class=\"__1 _cb\"> </span>de <span class=\"__1 _c9\"> </span>cl\u00e1usula <span class=\"__1 _c9\"> </span>que <span class=\"__1 _c9\"> </span>implique <span class=\"__1 _c9\"> </span>su <span class=\"__1 _c9\"> </span>modificaci\u00f3n <span class=\"__1 _cb\"> </span>o<span class=\"__1 _1bc\"> </span>renegociaci\u00f3n como cons<span class=\"__1 _6\"></span>ecuencia de un<span class=\"__1 _6\"></span>a variaci\u00f3n en la ca<span class=\"__1 _6\"></span>lificaci\u00f3n crediticia.<span class=\"__1 _1bc\"> </span>Endeuda<span class=\"__1 _5\"></span>miento ENCE Celulosa<span class=\"__1 _1bc\"> </span>Bono convertible y l\u00ednea <span class=\"__1 _6\"></span>de cr\u00e9d<span class=\"__1 _6\"></span>ito revolving<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _5\"></span>5 <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>marzo de <span class=\"__1 _70\"></span>2018 ENCE <span class=\"__1 _5\"></span>complet\u00f3 <span class=\"__1 _70\"></span>el proceso <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>colocac<span class=\"__1 _6\"></span>i\u00f3n, entre <span class=\"__1 _70\"></span>invers<span class=\"__1 _6\"></span>ores <span class=\"__1 _5\"></span>institucionales cualificados,<span class=\"__1 _1bc\"> </span>de una emisi\u00f3n d<span class=\"__1 _6\"></span>e bonos convertibles en a<span class=\"__1 _6\"></span>cciones ordinarias<span class=\"__1 _6\"></span> por importe de 160 millon<span class=\"__1 _6\"></span>es de euros<span class=\"__1 _6\"></span>. Los principales<span class=\"__1 _6\"></span> t\u00e9rminos y condiciones d<span class=\"__1 _6\"></span>e la emisi\u00f3n eran lo<span class=\"__1 _6\"></span>s siguientes:<span class=\"__1 _1bc\"> </span>2022<span class=\"__1 _1bc\"> </span>Cor<span class=\"__1 _6\"></span>to pl<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>zo<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de E<span class=\"__1 _5\"></span>ur<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>L\u00edm<span class=\"__1 _70\"></span>i<span class=\"__1 _8\"></span>te<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>do<span class=\"__1 _1bc\"> </span>Di<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>pu<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span>to<span class=\"__1 _1bc\"> </span>2023<span class=\"__1 _f\"> </span>2024<span class=\"__1 _97\"> </span>2025<span class=\"__1 _4d\"> </span>2026<span class=\"__1 _1bc\"> </span>Tot<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span> Lar<span class=\"__1 _6\"></span>go<span class=\"__1 _1bc\"> </span>Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>zo<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _5\"></span>uda<span class=\"__1 _8\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>era<span class=\"__1 _6\"></span> Ne<span class=\"__1 _5\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span> CEL<span class=\"__1 _70\"></span>ULOSA<span class=\"__1 _5\"></span> -<span class=\"__1 _1bc\"> </span>Ob<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ga<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span> em<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>ti<span class=\"__1 _6\"></span>da<span class=\"__1 _6\"></span>s           63<span class=\"__1 _6\"></span>.300<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>           6<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.300<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>           6<span class=\"__1 _6\"></span>3.30<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _15d\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     - L\u00edne<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span> de cr<span class=\"__1 _6\"></span>\u00e9<span class=\"__1 _5\"></span>di<span class=\"__1 _8\"></span>to \u2013<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>revol<span class=\"__1 _8\"></span>vi<span class=\"__1 _8\"></span>ng         13<span class=\"__1 _6\"></span>0.00<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _bd\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _150\"> </span>                     - Pr<span class=\"__1 _6\"></span>\u00e9s<span class=\"__1 _6\"></span>tamos<span class=\"__1 _8\"></span> ba<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>ri<span class=\"__1 _8\"></span>os           95<span class=\"__1 _6\"></span>.000<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>           9<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.000<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>              7.50<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _a8\"> </span>           28<span class=\"__1 _6\"></span>.41<span class=\"__1 _6\"></span>4 <span class=\"__1 _ce\"> </span>           4<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.981<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>           1<span class=\"__1 _6\"></span>5.10<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>           87<span class=\"__1 _6\"></span>.50<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span>Cos<span class=\"__1 _8\"></span>te<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> de e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>truc<span class=\"__1 _6\"></span>tura<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3n                     -   <span class=\"__1 _bf\"></span>               (53<span class=\"__1 _6\"></span>9)<span class=\"__1 _b5\"> </span>                     -   <span class=\"__1 _aa\"> </span>               (30<span class=\"__1 _6\"></span>9)<span class=\"__1 _cf\"> </span>               (15<span class=\"__1 _6\"></span>4)<span class=\"__1 _cb\"> </span>                  (7<span class=\"__1 _6\"></span>6)<span class=\"__1 _cf\"> </span>               (53<span class=\"__1 _6\"></span>9)<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _5\"></span>uda<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> p<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>nte<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>, cup<span class=\"__1 _6\"></span>\u00f3n y o<span class=\"__1 _6\"></span>tros                     -   <span class=\"__1 _70\"></span>              1<span class=\"__1 _6\"></span>.186<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>              1.18<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span> <span class=\"__1 _15d\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -          28<span class=\"__1 _6\"></span>8.30<span class=\"__1 _6\"></span>0 <span class=\"__1 _cd\"> </span>         15<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>94<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>           7<span class=\"__1 _6\"></span>1.98<span class=\"__1 _6\"></span>6 <span class=\"__1 _a8\"> </span>           2<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>10<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>           43<span class=\"__1 _6\"></span>.827<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>           1<span class=\"__1 _6\"></span>5.02<span class=\"__1 _6\"></span>9 <span class=\"__1 _ce\"> </span>           8<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>96<span class=\"__1 _6\"></span>1<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _5\"></span>uda<span class=\"__1 _8\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>era<span class=\"__1 _6\"></span> Ne<span class=\"__1 _5\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span> EN<span class=\"__1 _70\"></span>ERGIA RE<span class=\"__1 _5\"></span>NOVA<span class=\"__1 _70\"></span>BLE<span class=\"__1 _70\"></span> -<span class=\"__1 _1bc\"> </span>Ob<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ga<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span> em<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>ti<span class=\"__1 _6\"></span>da<span class=\"__1 _6\"></span>s           79<span class=\"__1 _6\"></span>.000<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>           7<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>.000<span class=\"__1 _6\"></span> <span class=\"__1 _d1\"> </span>                     -   <span class=\"__1 _bd\"> </span>                     -               79<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>0 <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _c9\"> </span>           79<span class=\"__1 _6\"></span>.000<span class=\"__1 _1bc\"> </span>L\u00edne<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span> de cr<span class=\"__1 _6\"></span>\u00e9<span class=\"__1 _5\"></span>di<span class=\"__1 _8\"></span>to \u2013<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>revol<span class=\"__1 _8\"></span>vi<span class=\"__1 _8\"></span>ng           20<span class=\"__1 _6\"></span>.000<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _bd\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -  Pr<span class=\"__1 _6\"></span>\u00e9s<span class=\"__1 _6\"></span>tamos<span class=\"__1 _8\"></span> ba<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>ri<span class=\"__1 _8\"></span>os           71<span class=\"__1 _6\"></span>.050<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>           7<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.050<span class=\"__1 _6\"></span> <span class=\"__1 _179\"> </span>           27<span class=\"__1 _6\"></span>.067<span class=\"__1 _6\"></span> <span class=\"__1 _a8\"> </span>           3<span class=\"__1 _6\"></span>3.73<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>           1<span class=\"__1 _6\"></span>0.25<span class=\"__1 _6\"></span>0 <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _c9\"> </span>           4<span class=\"__1 _6\"></span>3.98<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>Cos<span class=\"__1 _8\"></span>te<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> de e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>truc<span class=\"__1 _6\"></span>tura<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3n                     -   <span class=\"__1 _8\"></span>            (1.09<span class=\"__1 _6\"></span>4)<span class=\"__1 _51\"> </span>                     -   <span class=\"__1 _aa\"> </span>               (949<span class=\"__1 _6\"></span>)<span class=\"__1 _ce\"> </span>               (1<span class=\"__1 _6\"></span>45<span class=\"__1 _6\"></span>)<span class=\"__1 _d1\"> </span>                     -   <span class=\"__1 _4\"> </span>            (1<span class=\"__1 _6\"></span>.094<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _5\"></span>uda<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> p<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>nte<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>, cup<span class=\"__1 _6\"></span>\u00f3n y o<span class=\"__1 _6\"></span>tros                     -                       23<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>                   2<span class=\"__1 _6\"></span>3 <span class=\"__1 _106\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -  17<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.050<span class=\"__1 _49\"> </span>1<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>97<span class=\"__1 _6\"></span>9<span class=\"__1 _117\"> </span>2<span class=\"__1 _6\"></span>7.09<span class=\"__1 _6\"></span>0<span class=\"__1 _99\"> </span>3<span class=\"__1 _6\"></span>2.78<span class=\"__1 _6\"></span>4<span class=\"__1 _117\"> </span>89<span class=\"__1 _6\"></span>.10<span class=\"__1 _6\"></span>5<span class=\"__1 _c1\"> </span><span class=\"ff4 ls7d\">                     -   <span class=\"__1 _33\"> </span></span>12<span class=\"__1 _6\"></span>1.88<span class=\"__1 _6\"></span>9<span class=\"__1 _1bc\"> </span>45<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.350<span class=\"__1 _49\"> </span>3<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>92<span class=\"__1 _6\"></span>6<span class=\"__1 _117\"> </span>9<span class=\"__1 _6\"></span>9.07<span class=\"__1 _6\"></span>6<span class=\"__1 _99\"> </span>6<span class=\"__1 _6\"></span>0.88<span class=\"__1 _6\"></span>9<span class=\"__1 _49\"> </span>1<span class=\"__1 _6\"></span>32<span class=\"__1 _6\"></span>.93<span class=\"__1 _6\"></span>2<span class=\"__1 _117\"> </span>15<span class=\"__1 _6\"></span>.02<span class=\"__1 _6\"></span>9<span class=\"__1 _49\"> </span>20<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.850<span class=\"__1 _1bc\"> </span>Ve<span class=\"__1 _70\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>mi<span class=\"__1 _6\"></span>ent<span class=\"__1 _5\"></span>o en e<span class=\"__1 _5\"></span>l<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>\u00f1o<span class=\"__1 _1bc\"> </span>En marzo de 2023 ENCE ha procedido a la <span class=\"__1 _5\"></span>amortizaci\u00f3n ordin<span class=\"__1 _6\"></span>aria total de las obligaciones a su vencimiento<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span>Por <span class=\"__1 _4\"></span>otra <span class=\"__1 _4\"></span>p<span class=\"__1 _6\"></span>arte, <span class=\"__1 _c8\"></span>ENCE <span class=\"__1 _4\"></span>mantiene <span class=\"__1 _4\"></span>con<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>un <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>indicato <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>ban<span class=\"__1 _6\"></span>cos <span class=\"__1 _4\"></span>nacionales<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>e <span class=\"__1 _4\"></span>internacionales <span class=\"__1 _c8\"></span>un <span class=\"__1 _4\"></span>contrato <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span>cr\u00e9dito (revolving credit facility)<span class=\"__1 _6\"></span> por importe de 130 millones de euros y vencimiento en <span class=\"__1 _5\"></span>2026. Esta l\u00ednea de<span class=\"__1 _1bc\"> </span>cr\u00e9dito <span class=\"__1 _c6\"> </span>devenga <span class=\"__1 _c6\"> </span>un <span class=\"__1 _c6\"> </span>tip<span class=\"__1 _6\"></span>o <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>inter\u00e9s <span class=\"__1 _c6\"> </span>referenciado <span class=\"__1 _c6\"> </span>al <span class=\"__1 _c6\"> </span>Eu<span class=\"__1 _6\"></span>ribor. <span class=\"__1 _c6\"> </span>El <span class=\"__1 _c6\"> </span>tipo <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>inter\u00e9s <span class=\"__1 _ca\"> </span>establecido <span class=\"__1 _c6\"> </span>podr\u00e1 <span class=\"__1 _c6\"> </span>v<span class=\"__1 _6\"></span>erse<span class=\"__1 _1bc\"> </span>modificado <span class=\"__1 _ca\"> </span>anualmente  en <span class=\"__1 _c6\"> </span>2<span class=\"__1 _6\"></span>5 <span class=\"__1 _ca\"> </span>puntos  b\u00e1sicos  en <span class=\"__1 _c6\"> </span>funci\u00f3n  del <span class=\"__1 _c6\"> </span>rating  de <span class=\"__1 _c6\"> </span>sostenibilidad  medioambiental<span class=\"__1 _1bc\"> </span>Sustainalytics obtenido por <span class=\"__1 _70\"></span>ENCE, que eval\u00faa <span class=\"__1 _70\"></span>dicha deuda <span class=\"__1 _5\"></span>como \u201cfinanciaci\u00f3n verde\u201d.<span class=\"ff4\"> Esta f<span class=\"__1 _5\"></span>inanciaci\u00f3n est\u00e1<span class=\"__1 _1bc\"> </span></span>en su totalida<span class=\"__1 _6\"></span>d disponible al 31 <span class=\"__1 _6\"></span>de diciembre de 2023.<span class=\"__1 _1bc\"> </span>Pr\u00e9stamos<span class=\"__1 _1bc\"> </span>Durante <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>ejercicio <span class=\"__1 _8\"></span>2023 <span class=\"__1 _8\"></span>ENCE <span class=\"__1 _8\"></span>ha <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>uscrito <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>iversos <span class=\"__1 _8\"></span>pr\u00e9stamos <span class=\"__1 _6\"></span>po<span class=\"__1 _6\"></span>r <span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>n <span class=\"__1 _8\"></span><span class=\"ff6\">importe <span class=\"__1 _8\"></span>total <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>273 <span class=\"__1 _8\"></span>millones <span class=\"__1 _8\"></span>\u20ac. <span class=\"__1 _6\"></span>De<span class=\"__1 _1bc\"> </span></span>este <span class=\"__1 _6\"></span>modo<span class=\"__1 _6\"></span>, <span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>l <span class=\"__1 _8\"></span>31 <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>iciembre <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>2023, <span class=\"__1 _8\"></span><span class=\"ff6\">y <span class=\"__1 _8\"></span>tras <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>amortiza<span class=\"__1 _6\"></span>ci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>7,5 <span class=\"__1 _6\"></span>millon<span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>\u20ac, <span class=\"__1 _4\"></span></span>ENCE <span class=\"__1 _8\"></span>mantiene <span class=\"__1 _8\"></span>suscritos<span class=\"__1 _1bc\"> </span>pr\u00e9stamos <span class=\"__1 _c8\"> </span>por <span class=\"__1 _c8\"> </span>un <span class=\"__1 _c8\"> </span>importe <span class=\"__1 _c8\"></span>conjunto <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"> </span>360,5 <span class=\"__1 _c8\"> </span>millones <span class=\"__1 _c8\"> </span><span class=\"ff6 ls12\">\u20ac <span class=\"__1 _c8\"></span></span>y <span class=\"__1 _c8\"></span>vencimientos <span class=\"__1 _c8\"></span>en <span class=\"__1 _4\"></span>202<span class=\"__1 _6\"></span>4-2030 <span class=\"__1 _c8\"> </span>(95 <span class=\"__1 _c8\"></span>millones <span class=\"__1 _c8\"> </span><span class=\"ff6 ls12\">\u20ac <span class=\"__1 _c8\"> </span></span><span class=\"ls16\">y<span class=\"__1 _1bc\"> </span></span>vencimientos en 202<span class=\"__1 _6\"></span>3-<span class=\"ls5c\">20</span>26 al 31 de diciembre de 2022)<span class=\"__1 _6\"></span><span class=\"ls17\">. </span>Una <span class=\"__1 _6\"></span>parte <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>pr\u00e9stamos <span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>on <span class=\"__1 _6\"></span>un <span class=\"__1 _8\"></span>nominal <span class=\"__1 _6\"></span>de <span class=\"__1 _4\"></span>29,5 <span class=\"__1 _6\"></span>millones <span class=\"__1 _8\"></span><span class=\"ff6 ls12\">\u20ac <span class=\"__1 _6\"></span></span>devenga <span class=\"__1 _8\"></span>un <span class=\"__1 _6\"></span>tipo <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>in<span class=\"__1 _6\"></span>ter\u00e9s <span class=\"__1 _6\"></span>fijo <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>rango<span class=\"__1 _1bc\"> </span>1,95%-4,6%. <span class=\"__1 _cb\"> </span>El <span class=\"__1 _c9\"> </span>importe <span class=\"__1 _cb\"> </span>restante <span class=\"__1 _cb\"> </span>devenga <span class=\"__1 _c9\"> </span>intereses, <span class=\"__1 _cb\"> </span>principa<span class=\"__1 _6\"></span>lmente <span class=\"__1 _cb\"> </span>referenciados <span class=\"__1 _c9\"> </span>al <span class=\"__1 _cb\"> </span>Euribor <span class=\"__1 _c9\"> </span>m\u00e1s <span class=\"__1 _cb\"> </span>un<span class=\"__1 _1bc\"> </span>diferencial <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>1,35%-2,0%. <span class=\"__1 _8\"></span>El<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>tip<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>inter<span class=\"__1 _6\"></span>\u00e9s <span class=\"__1 _8\"></span>establecido <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>76<span class=\"__1 _6\"></span>% <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>contratos<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>suscritos <span class=\"__1 _8\"></span>podr\u00e1 <span class=\"__1 _8\"></span>verse<span class=\"__1 _1bc\"> </span>modificado  anualmente  en  25 <span class=\"__1 _c6\"> </span>p<span class=\"__1 _6\"></span>untos  b\u00e1sicos  en  funci\u00f3n <span class=\"__1 _ca\"> </span>del  rating <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>e  sostenibilidad  medioambiental<span class=\"__1 _1bc\"> </span>Sustainalytics<span class=\"__1 _6\"></span> obtenido por <span class=\"__1 _6\"></span><span class=\"ff6\">ENCE, que eval\u00faa <span class=\"__1 _6\"></span>dicha deuda como \u201c<span class=\"__1 _6\"></span>financiaci\u00f3n verde\u201d.<span class=\"__1 _1bc\"> </span></span>Al objeto de cubrir e<span class=\"__1 _5\"></span>l riesgo derivado de <span class=\"__1 _5\"></span>la contrataci\u00f3n de <span class=\"__1 _5\"></span>esta financiaci\u00f3n a tipo de <span class=\"__1 _5\"></span>inter\u00e9s variable, ENCE<span class=\"__1 _1bc\"> </span>ha suscrito swaps de tipo de <span class=\"__1 _5\"></span>inter\u00e9s que cubren el <span class=\"ls12\">53</span>% de la financiaci\u00f3n dispuesta a tipo <span class=\"__1 _5\"></span>variable, a un tipo<span class=\"__1 _1bc\"> </span>fijo medio de 3,32% (v\u00e9ase N<span class=\"__1 _6\"></span>ota 30)<span class=\"__1 _6\"></span>. <span class=\"ff3_1\">Otra financiaci\u00f3n<span class=\"__1 _1bc\"> </span></span>El <span class=\"__1 _5\"></span>9 <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>octubre de <span class=\"__1 _70\"></span>2023 <span class=\"__1 _5\"></span>ENCE <span class=\"__1 _5\"></span>ha <span class=\"__1 _5\"></span>incorporado un<span class=\"__1 _5\"></span> <span class=\"__1 _5\"></span>programa <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>emisi\u00f3n de <span class=\"__1 _70\"></span>pagar\u00e9s<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>sos<span class=\"__1 _6\"></span>tenibles <span class=\"__1 _70\"></span>en el <span class=\"__1 _70\"></span>Mercado<span class=\"__1 _1bc\"> </span>Alternativo de <span class=\"__1 _70\"></span>Renta Fija <span class=\"__1 _70\"></span>(MARF) con <span class=\"__1 _70\"></span>un l\u00edmite <span class=\"__1 _70\"></span><span class=\"ff6\">m\u00e1xi<span class=\"__1 _6\"></span>mo <span class=\"__1 _5\"></span>de <span class=\"__1 _5\"></span>200 <span class=\"__1 _5\"></span>millones \u20ac <span class=\"__1 _70\"></span>y vencimie<span class=\"__1 _5\"></span>nto<span class=\"ff4\">s<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>h<span class=\"__1 _6\"></span>asta 24 <span class=\"__1 _70\"></span>meses.<span class=\"__1 _1bc\"> </span></span></span>El sald<span class=\"__1 _6\"></span>o de <span class=\"__1 _6\"></span>pagar\u00e9s <span class=\"__1 _6\"></span>emitidos <span class=\"__1 _6\"></span>pendientes <span class=\"__1 _6\"></span>de recomp<span class=\"__1 _6\"></span>ra al <span class=\"__1 _6\"></span>31 <span class=\"__1 _6\"></span>de d<span class=\"__1 _6\"></span>iciembre d<span class=\"__1 _6\"></span>e 2023 <span class=\"__1 _6\"></span>ascien<span class=\"__1 _6\"></span>de a <span class=\"__1 _6\"></span>53,4 <span class=\"__1 _6\"></span>millones<span class=\"__1 _1bc\"> </span>\u20ac y <span class=\"ff4\">presenta s<span class=\"__1 _6\"></span>u vencimiento en el primer se<span class=\"__1 _6\"></span>mestre de 2024.<span class=\"__1 _1bc\"> </span></span>Financiaci\u00f3n ENCE <span class=\"__1 _5\"></span>Renovab<span class=\"__1 _5\"></span>les<span class=\"__1 _1bc\"> </span>Financiaci\u00f3n corpo<span class=\"__1 _6\"></span>rativa<span class=\"__1 _1bc\"> </span>Im<span class=\"__1 _6\"></span>po<span class=\"__1 _6\"></span>rte de la<span class=\"__1 _6\"></span> Em<span class=\"__1 _6\"></span>isi\u00f3n<span class=\"__1 _57\"> </span><span class=\"ff6\">160.000.000 \u20ac<span class=\"__1 _1bc\"> </span></span>Nomin<span class=\"__1 _6\"></span>al Bo<span class=\"__1 _6\"></span>no<span class=\"__1 _180\"> </span><span class=\"ff6\">100.000 \u20ac<span class=\"__1 _1bc\"> </span></span>Ran<span class=\"__1 _6\"></span>go de la<span class=\"__1 _6\"></span> Deu<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>a<span class=\"__1 _181\"> </span>\"Senio<span class=\"__1 _6\"></span>r\" n<span class=\"__1 _6\"></span>o gar<span class=\"__1 _6\"></span>an<span class=\"__1 _6\"></span>tizad<span class=\"__1 _6\"></span>a<span class=\"__1 _1bc\"> </span>Fecha d<span class=\"__1 _6\"></span>e la em<span class=\"__1 _6\"></span>isi\u00f3<span class=\"__1 _6\"></span>n<span class=\"__1 _182\"> </span>05/03/2018<span class=\"__1 _1bc\"> </span>Fecha d<span class=\"__1 _6\"></span>e vencimien<span class=\"__1 _6\"></span>to<span class=\"__1 _183\"> </span>05/03/2023<span class=\"__1 _1bc\"> </span>Cup<span class=\"__1 _6\"></span>\u00f3<span class=\"__1 _6\"></span>n<span class=\"__1 _17a\"> </span>1,<span class=\"__1 _5\"></span>25%<span class=\"__1 _1bc\"> </span>Tipo<span class=\"__1 _6\"></span> inter\u00e9s<span class=\"__1 _6\"></span> efectivo<span class=\"__1 _64\"> </span>1,5<span class=\"__1 _5\"></span>8%<span class=\"__1 _1bc\"> </span>Precio de con<span class=\"__1 _6\"></span>vers<span class=\"__1 _6\"></span>i\u00f3n<span class=\"__1 _6\"></span> (*)<span class=\"__1 _17b\"> </span>8,<span class=\"__1 _5\"></span>5636<span class=\"__1 _1bc\"> </span>Prima d<span class=\"__1 _6\"></span>e con<span class=\"__1 _6\"></span>vers<span class=\"__1 _6\"></span>i\u00f3n<span class=\"__1 _17c\"> </span><span class=\"ls7e\">40%<span class=\"__1 _1bc\"> </span></span>Ratio d<span class=\"__1 _6\"></span>e conver<span class=\"__1 _6\"></span>si\u00f3<span class=\"__1 _6\"></span>n (<span class=\"__1 _6\"></span>acc / b<span class=\"__1 _6\"></span>on<span class=\"__1 _6\"></span>o)<span class=\"__1 _32\"> </span>11<span class=\"__1 _5\"></span>.677<span class=\"__1 _1bc\"> </span>M\u00e1x<span class=\"__1 _6\"></span>imo<span class=\"__1 _6\"></span> a<span class=\"__1 _6\"></span>cc<span class=\"__1 _5\"></span>ion<span class=\"__1 _6\"></span>es a<span class=\"__1 _6\"></span> emitir (a<span class=\"__1 _6\"></span>cc)<span class=\"__1 _17d\"> </span>18.683.731<span class=\"__1 _1bc\"> </span>Potencial % increm<span class=\"__1 _6\"></span>ento cap<span class=\"__1 _6\"></span>ital so<span class=\"__1 _6\"></span>cial<span class=\"__1 _17e\"> </span>7,<span class=\"__1 _5\"></span>59%<span class=\"__1 _1bc\"> </span>Mercad<span class=\"__1 _6\"></span>o cotiza<span class=\"__1 _6\"></span>ci\u00f3n <span class=\"__1 _21\"> </span>Bolsa<span class=\"__1 _6\"></span> de Fr<span class=\"__1 _6\"></span>an<span class=\"__1 _6\"></span>kfu<span class=\"__1 _6\"></span>rt<span class=\"__1 _1bc\"> </span>ISI<span class=\"__1 _6\"></span>N<span class=\"__1 _17f\"> </span>XS1<span class=\"__1 _5\"></span>7839<span class=\"__1 _5\"></span>32863<span class=\"__1 _1bc\"> </span>Cos<span class=\"__1 _6\"></span>tes de la<span class=\"__1 _6\"></span> em<span class=\"__1 _6\"></span>isi\u00f3n<span class=\"__1 _184\"> </span><span class=\"ff6\">2.075.000 \u20ac<span class=\"__1 _1bc\"> </span></span>Con <span class=\"__1 _4\"></span>fecha <span class=\"__1 _4\"></span>24 <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>noviembre <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>2017, <span class=\"__1 _4\"></span><span class=\"ff6\">Magnon <span class=\"__1 _4\"></span>Green <span class=\"__1 _4\"></span>Energy, <span class=\"__1 _4\"></span>S.L. <span class=\"__1 _4\"></span>(en <span class=\"__1 _8\"></span>ad<span class=\"__1 _6\"></span>elante <span class=\"__1 _4\"></span>\u201cMAGNON\u201d), <span class=\"__1 _4\"></span>holding <span class=\"__1 _4\"></span>del<span class=\"__1 _1bc\"> </span></span>negocio <span class=\"__1 _c8\"> </span>en<span class=\"__1 _6\"></span>erg\u00e9tico <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"> </span>ENCE<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>suscribi\u00f3 <span class=\"__1 _c6\"> </span>con <span class=\"__1 _c6\"> </span>un <span class=\"__1 _c6\"> </span>sindicato <span class=\"__1 _c6\"> </span>formado <span class=\"__1 _c8\"> </span>por <span class=\"__1 _c6\"> </span>doce <span class=\"__1 _c6\"> </span>entidad<span class=\"__1 _6\"></span>es <span class=\"__1 _c8\"> </span>fin<span class=\"__1 _6\"></span>ancieras <span class=\"__1 _c6\"> </span>y <span class=\"__1 _c8\"> </span>un<span class=\"__1 _6\"></span>a<span class=\"__1 _1bc\"> </span>compa\u00f1\u00eda de <span class=\"__1 _5\"></span>seguros espa\u00f1ola un <span class=\"__1 _5\"></span>contrato de pr\u00e9stamo <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>enior, estructurado inicialmente <span class=\"__1 _70\"></span>en 4 tramos<span class=\"__1 _6\"></span>, por<span class=\"__1 _1bc\"> </span>un <span class=\"__1 _70\"></span>importe disponible <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>170 <span class=\"__1 _70\"></span>millones, y <span class=\"__1 _70\"></span>llev\u00f3 <span class=\"__1 _70\"></span>a <span class=\"__1 _5\"></span>cabo <span class=\"__1 _70\"></span>una <span class=\"__1 _5\"></span>colocaci\u00f3n <span class=\"__1 _70\"></span>privad<span class=\"__1 _6\"></span>a <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>obligaciones <span class=\"__1 _70\"></span>por un <span class=\"__1 _70\"></span>importe<span class=\"__1 _1bc\"> </span>de 50 millones de euros<span class=\"__1 _6\"></span> que fueron s<span class=\"__1 _6\"></span>uscritas por un fon<span class=\"__1 _6\"></span>do de deuda. Con fecha <span class=\"__1 _6\"></span>8 de <span class=\"__1 _6\"></span>noviembre <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>2018, Magnon <span class=\"__1 _6\"></span>Green <span class=\"__1 _6\"></span>Energy, S.L.,<span class=\"__1 _6\"></span> su<span class=\"__1 _6\"></span>scribi<span class=\"__1 _6\"></span>\u00f3 <span class=\"__1 _6\"></span>una <span class=\"__1 _6\"></span>ampliaci\u00f3n de <span class=\"__1 _6\"></span>este contra<span class=\"__1 _6\"></span>to<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _5\"></span>pr\u00e9stamo <span class=\"__1 _5\"></span>senior por <span class=\"__1 _70\"></span>un <span class=\"__1 _5\"></span>importe <span class=\"__1 _5\"></span>disponible de <span class=\"__1 _70\"></span>17 <span class=\"__1 _5\"></span>millones <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>euro<span class=\"__1 _6\"></span>s <span class=\"__1 _70\"></span>y llev\u00f3 <span class=\"__1 _70\"></span>a cabo <span class=\"__1 _70\"></span>una colocaci\u00f3n <span class=\"__1 _70\"></span>privada<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _6\"></span>obligaciones <span class=\"__1 _8\"></span>por <span class=\"__1 _6\"></span>un <span class=\"__1 _8\"></span>importe <span class=\"__1 _6\"></span>ad<span class=\"__1 _6\"></span>icional <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>43 <span class=\"__1 _6\"></span>millon<span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>euro<span class=\"__1 _6\"></span>s <span class=\"__1 _6\"></span>que <span class=\"__1 _8\"></span>fueron <span class=\"__1 _6\"></span>sus<span class=\"__1 _6\"></span>critos <span class=\"__1 _6\"></span>por <span class=\"__1 _8\"></span>dos <span class=\"__1 _6\"></span>fon<span class=\"__1 _6\"></span>dos <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span>deuda.  El detalle de estas finan<span class=\"__1 _6\"></span>ciaciones se describ<span class=\"__1 _6\"></span>e a continuaci\u00f3n:<span class=\"__1 _1bc\"> </span>(i)<span class=\"fs1_1 ls0_1\">  <span class=\"__1 _a8\"> </span>Euribor 6 <span class=\"__1 _5\"></span>meses m\u00e1s <span class=\"__1 _70\"></span>dif<span class=\"__1 _6\"></span>erencial descrito. <span class=\"__1 _5\"></span>En los <span class=\"__1 _5\"></span>tramos bancarios, <span class=\"__1 _70\"></span>el tipo es <span class=\"__1 _70\"></span>variabl<span class=\"__1 _6\"></span>e en<span class=\"__1 _5\"></span> funci\u00f3n de<span class=\"__1 _5\"></span>l ratio de<span class=\"__1 _1bc\"> </span></span>endeudamiento (Deuda Neta / EBITDA del negocio ENERG\u00cdA Renovable, <span class=\"__1 _6\"></span>seg\u00fan definiciones recogidas en el<span class=\"__1 _1bc\"> </span>contrato de financiaci\u00f3n).<span class=\"__1 _1bc\"> </span>(ii)  <span class=\"__1 _b7\"> </span>Vencimiento \u00edntegro (bullet) en la fecha indi<span class=\"__1 _5\"></span>cada.<span class=\"__1 _1bc\"> </span>(iii)  <span class=\"__1 _51\"> </span>Ha financiado la construcci\u00f3n de Huelva 46 MW. (iv) <span class=\"__1 _b7\"> </span>Estas obligaciones est\u00e1n admitidas a cotizaci\u00f3n en la bolsa de valores de Frankfurt (Freiverkehr).<span class=\"__1 _1bc\"> </span>(v) <span class=\"__1 _124\"> </span>Ha f<span class=\"__1 _6\"></span>inanciado la construcci\u00f3n de<span class=\"__1 _5\"></span> Puertollano 50 MW.<span class=\"__1 _1bc\"> </span>MAGNON <span class=\"__1 _8\"></span>realiz\u00f3 <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>ejercicio <span class=\"__1 _8\"></span>2022 <span class=\"__1 _8\"></span>recompras <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>Obligaciones<span class=\"__1 _6\"></span>/Notas <span class=\"__1 _8\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _6\"></span>ten\u00edan<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>un<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>ominal <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>14.00<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span>miles \u20ac por un importe d<span class=\"__1 _6\"></span>e 14.300 miles \u20ac. Esta financiaci\u00f3n<span class=\"__1 _6\"></span> incluye como principa<span class=\"__1 _6\"></span>les garant\u00edas prenda sob<span class=\"__1 _6\"></span>re las acciones de las sociedades del Grupo<span class=\"__1 _1bc\"> </span>que <span class=\"__1 _4\"></span>desarro<span class=\"__1 _6\"></span>llan <span class=\"__1 _4\"></span>su <span class=\"__1 _c8\"></span>actividad <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _c8\"></span>negocio <span class=\"__1 _4\"></span>ENERG\u00cdA <span class=\"__1 _c8\"></span>Renovable, <span class=\"__1 _c8\"></span>sobre <span class=\"__1 _4\"></span>sus<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>activos <span class=\"__1 _4\"></span>y <span class=\"__1 _c8\"></span>derechos <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>cob<span class=\"__1 _6\"></span>ro,<span class=\"__1 _1bc\"> </span>actuales y futu<span class=\"__1 _6\"></span>ros. Asimismo, <span class=\"__1 _6\"></span>esta <span class=\"__1 _8\"></span>financiaci\u00f3n <span class=\"__1 _6\"></span>incluy<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>determinadas <span class=\"__1 _8\"></span>obligaciones<span class=\"__1 _6\"></span>, <span class=\"__1 _8\"></span>habituales <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>te <span class=\"__1 _6\"></span>tipo <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>finan<span class=\"__1 _6\"></span>ciaci\u00f3n; <span class=\"__1 _6\"></span>el<span class=\"__1 _1bc\"> </span>suministro <span class=\"__1 _d1\"> </span>de <span class=\"__1 _cc\"> </span>determinada <span class=\"__1 _cc\"> </span>informaci\u00f3n <span class=\"__1 _d1\"> </span>de <span class=\"__1 _cc\"> </span>car\u00e1cter <span class=\"__1 _cc\"> </span>operativo<span class=\"__1 _6\"></span> <span class=\"__1 _cc\"> </span>y <span class=\"__1 _cc\"> </span>financiera, <span class=\"__1 _d1\"> </span>el <span class=\"__1 _cf\"> </span>cumplimi<span class=\"__1 _6\"></span>ento <span class=\"__1 _cc\"> </span>de<span class=\"__1 _1bc\"> </span>determinados <span class=\"__1 _6\"></span>ra<span class=\"__1 _6\"></span>tios <span class=\"__1 _6\"></span>econ\u00f3mi<span class=\"__1 _6\"></span>cos <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>solvencia <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>rentabilidad, <span class=\"__1 _8\"></span>y <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>mantenimi<span class=\"__1 _6\"></span>ento <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>n <span class=\"__1 _6\"></span>volu<span class=\"__1 _6\"></span>men <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>sto<span class=\"__1 _6\"></span>ck<span class=\"__1 _1bc\"> </span>de biomasa (almacenes y contratos de suministro) equivalente al consumo de 3 <span class=\"__1 _5\"></span>meses. Se estima que al <span class=\"__1 _5\"></span>31<span class=\"__1 _1bc\"> </span>de diciembre de 2023 y<span class=\"__1 _6\"></span> 2022 se cumplen \u00edn<span class=\"__1 _6\"></span>tegramente dichas<span class=\"__1 _6\"></span> obligaciones. El acuerdo de finan<span class=\"__1 _6\"></span>ciaci\u00f3n est<span class=\"__1 _6\"></span>ablece una teso<span class=\"__1 _6\"></span>rer\u00eda m\u00ednima d<span class=\"__1 _6\"></span>isponible en el <span class=\"__1 _6\"></span>per\u00edmetro de <span class=\"__1 _6\"></span>la financiaci\u00f3n<span class=\"__1 _6\"></span> de<span class=\"__1 _1bc\"> </span>al <span class=\"__1 _6\"></span>menos <span class=\"__1 _6\"></span>30 <span class=\"__1 _6\"></span>millones <span class=\"__1 _6\"></span><span class=\"ff6\">\u20ac</span>, <span class=\"__1 _6\"></span>consider\u00e1n<span class=\"__1 _6\"></span>dose <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>tal <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>disponible <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>tramo <span class=\"__1 _6\"></span>4\u00ba, <span class=\"__1 _8\"></span>as\u00ed <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>cumplimiento <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span>Ti<span class=\"__1 _6\"></span>po<span class=\"__1 _6\"></span> de<span class=\"__1 _1bc\"> </span>Di<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>pon<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _f\"> </span>Di<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>pu<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>o<span class=\"__1 _e5\"> </span>Ve<span class=\"__1 _70\"></span>nc<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>m<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>nto<span class=\"__1 _100\"> </span>I<span class=\"__1 _8\"></span>nte<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>\u00e9<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span> (i<span class=\"__1 _8\"></span>)<span class=\"__1 _1bc\"> </span>Ob<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ga<span class=\"__1 _8\"></span>ci<span class=\"__1 _4\"></span>\u00f3n/N<span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span> (i<span class=\"__1 _8\"></span>v)<span class=\"__1 _35\"> </span><span class=\"ls7f\">                     36<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>0 <span class=\"__1 _c1\"> </span>                     36<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span></span>di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>-2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> (i<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>)<span class=\"__1 _1bc\"> </span>3,4<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>%<span class=\"__1 _1bc\"> </span>Tra<span class=\"__1 _8\"></span>m<span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span> 1<span class=\"__1 _6\"></span>\u00ba                        9.33<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                        9<span class=\"__1 _6\"></span>.33<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>-2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>4<span class=\"__1 _91\"> </span>1<span class=\"__1 _6\"></span>,75<span class=\"__1 _6\"></span>%-3,2<span class=\"__1 _6\"></span>5%<span class=\"__1 _1bc\"> </span>Tra<span class=\"__1 _8\"></span>m<span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span> 2<span class=\"__1 _6\"></span>\u00ba                        6.00<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                        6<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span>di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>-2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> (i<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>)<span class=\"__1 _1bc\"> </span>3,4<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>%<span class=\"__1 _1bc\"> </span>Tra<span class=\"__1 _8\"></span>m<span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span> 3<span class=\"__1 _6\"></span>\u00ba<span class=\"__1 _5\"></span> (i<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>)                     21<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _d1\"> </span>                     2<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span>di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>-2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>4<span class=\"__1 _91\"> </span>1<span class=\"__1 _6\"></span>,75<span class=\"__1 _6\"></span>%-3,2<span class=\"__1 _6\"></span>5%<span class=\"__1 _1bc\"> </span>Tra<span class=\"__1 _8\"></span>m<span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span> 4<span class=\"__1 _6\"></span>\u00ba                     20<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _d0\"> </span>                               -  di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>-2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>4<span class=\"__1 _91\"> </span>1<span class=\"__1 _6\"></span>,25<span class=\"__1 _6\"></span>%-2,7<span class=\"__1 _6\"></span>5%<span class=\"__1 _1bc\"> </span>Ob<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ga<span class=\"__1 _8\"></span>ci<span class=\"__1 _4\"></span>\u00f3n/N<span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span> (i<span class=\"__1 _8\"></span>v) y <span class=\"__1 _6\"></span>(v)<span class=\"__1 _80\"> </span><span class=\"ls7f\">                     4<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.000<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>                     43<span class=\"__1 _6\"></span>.000<span class=\"__1 _1bc\"> </span></span>di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>-2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> (i<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>)<span class=\"__1 _1bc\"> </span>3,4<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>%<span class=\"__1 _1bc\"> </span>Tra<span class=\"__1 _8\"></span>m<span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span> 5<span class=\"__1 _6\"></span>\u00ba<span class=\"__1 _5\"></span> (v)                        7.65<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                        7<span class=\"__1 _6\"></span>.65<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span>di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>-2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>5<span class=\"__1 _91\"> </span>1<span class=\"__1 _6\"></span>,75<span class=\"__1 _6\"></span>%-3,2<span class=\"__1 _6\"></span>5%                   14<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>98<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span> <span class=\"__1 _cc\"> </span>                   12<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>98<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span> de<span class=\"__1 _5\"></span> Euros<span class=\"__1 _1bc\"> </span>determinados <span class=\"__1 _4\"></span>ratios <span class=\"__1 _4\"></span>ligados <span class=\"__1 _8\"></span>al <span class=\"__1 _4\"></span>endeudamiento, <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>situaci\u00f3n <span class=\"__1 _4\"></span>patrimonial <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>capacidad <span class=\"__1 _4\"></span>de<span class=\"__1 _5\"></span> <span class=\"__1 _4\"></span>ge<span class=\"__1 _5\"></span>neraci\u00f3n <span class=\"__1 _4\"></span>de<span class=\"__1 _1bc\"> </span>caja del negocio, para <span class=\"__1 _6\"></span>poder llevar<span class=\"__1 _6\"></span> a cabo el reparto d<span class=\"__1 _6\"></span>e dividendos<span class=\"__1 _6\"></span> y la obtenci\u00f3n de n<span class=\"__1 _6\"></span>ueva financiaci\u00f3n.<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _70\"></span>importe <span class=\"__1 _5\"></span>de <span class=\"__1 _5\"></span>las <span class=\"__1 _70\"></span>comision<span class=\"__1 _6\"></span>es <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>estructu<span class=\"__1 _6\"></span>raci\u00f3n <span class=\"__1 _70\"></span>y otros <span class=\"__1 _70\"></span>gastos incurridos <span class=\"__1 _70\"></span>en <span class=\"__1 _70\"></span>la obtenci\u00f3n <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>esta <span class=\"__1 _70\"></span>finan<span class=\"__1 _6\"></span>ciaci\u00f3n<span class=\"__1 _1bc\"> </span>fue de 5.813 miles \u20ac.<span class=\"__1 _1bc\"> </span>Al <span class=\"__1 _4\"></span>objeto <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>cubrir <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>riesgo <span class=\"__1 _4\"></span>derivado <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>con<span class=\"__1 _6\"></span>trata<span class=\"__1 _6\"></span>ci\u00f3n <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>esta <span class=\"__1 _4\"></span>financiaci\u00f3n <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>tipo <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>inter\u00e9s <span class=\"__1 _4\"></span>variable,<span class=\"__1 _1bc\"> </span>MAGNON reestructu<span class=\"__1 _6\"></span>r\u00f3, en <span class=\"__1 _6\"></span>el momento <span class=\"__1 _6\"></span>de la <span class=\"__1 _6\"></span>contrataci\u00f3n de <span class=\"__1 _8\"></span>esta financiaci\u00f3n<span class=\"__1 _6\"></span>, los <span class=\"__1 _6\"></span>contratos d<span class=\"__1 _6\"></span>e cobertura<span class=\"__1 _1bc\"> </span>que <span class=\"__1 _4\"></span>ten\u00eda <span class=\"__1 _4\"></span>suscritos <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>marco <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>financiaci\u00f3n <span class=\"__1 _4\"></span>previa. <span class=\"__1 _4\"></span>Los <span class=\"__1 _4\"></span>nuevos <span class=\"__1 _4\"></span>IRS <span class=\"__1 _4\"></span>cubren <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>90% <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>finan<span class=\"__1 _6\"></span>cia<span class=\"__1 _8\"></span>ci\u00f3n<span class=\"__1 _1bc\"> </span>dispuesta a<span class=\"__1 _6\"></span> un tipo fijo medio de 1,22% (v\u00e9ase N<span class=\"__1 _6\"></span>ota 30).<span class=\"__1 _1bc\"> </span>En <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>marco <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>esta <span class=\"__1 _6\"></span>financiaci\u00f3<span class=\"__1 _6\"></span>n <span class=\"__1 _6\"></span>Standar<span class=\"__1 _6\"></span>d <span class=\"__1 _6\"></span>&amp; <span class=\"__1 _8\"></span>Poor\u00b4s <span class=\"__1 _6\"></span>otorg\u00f3<span class=\"__1 _8\"></span> <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>Magnon <span class=\"__1 _8\"></span>Green <span class=\"__1 _6\"></span>Energy, <span class=\"__1 _8\"></span>S.L. <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>evaluaci\u00f3n <span class=\"__1 _6\"></span>E<span class=\"__1 _6\"></span>1,<span class=\"__1 _1bc\"> </span>m\u00e1xima  calificaci\u00f3n  en  su  es<span class=\"__1 _6\"></span>cala  de  evaluaci\u00f3n  de  criterios  medioambientales,<span class=\"__1 _6\"></span>  consider\u00e1ndo<span class=\"__1 _8\"></span>se  dicha<span class=\"__1 _1bc\"> </span>financiaci\u00f3n como \u201cfinanciaci<span class=\"__1 _6\"></span>\u00f3n verde\u201d.<span class=\"__1 _1bc\"> </span>28.2<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Otros pasivos financieros<span class=\"__1 _1bc\"> </span></span></span>El <span class=\"__1 _70\"></span>detalle <span class=\"__1 _5\"></span>de <span class=\"__1 _5\"></span>este <span class=\"__1 _70\"></span>ep\u00edgraf<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>del Estado <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>Situaci\u00f3n Financiera <span class=\"__1 _70\"></span>Consolidad<span class=\"__1 _6\"></span>o <span class=\"__1 _70\"></span>al <span class=\"__1 _5\"></span>31 <span class=\"__1 _70\"></span>de<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>diciembr<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>de 2023 <span class=\"__1 _70\"></span>y <span class=\"__1 _70\"></span>2022<span class=\"__1 _1bc\"> </span>es el siguiente:<span class=\"__1 _1bc\"> </span>Cor<span class=\"__1 _6\"></span>to pl<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>zo<span class=\"__1 _1bc\"> </span>2023<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span> de Euros<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>Di<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>pues<span class=\"__1 _6\"></span>to<span class=\"__1 _1bc\"> </span>2024<span class=\"__1 _162\"> </span>2025<span class=\"__1 _117\"> </span>2026<span class=\"__1 _117\"> </span>2027<span class=\"__1 _117\"> </span>2028<span class=\"__1 _20\"> </span><span class=\"ls0_1\">Si<span class=\"__1 _6\"></span>gui<span class=\"__1 _8\"></span>ent<span class=\"__1 _5\"></span>es<span class=\"__1 _1bc\"> </span></span>Tot<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span> L<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>go<span class=\"__1 _1bc\"> </span>pl<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>zo<span class=\"__1 _1bc\"> </span>Otros<span class=\"__1 _8\"></span> pa<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>vos<span class=\"__1 _8\"></span> fi<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>ero<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> Ne<span class=\"__1 _5\"></span>goci<span class=\"__1 _8\"></span>o CELU<span class=\"__1 _70\"></span>LOSA -<span class=\"__1 _1bc\"> </span>Fi<span class=\"__1 _6\"></span>na<span class=\"__1 _8\"></span>nci<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>\u00f3<span class=\"__1 _6\"></span>n or<span class=\"__1 _6\"></span>ga<span class=\"__1 _6\"></span>ni<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>mos<span class=\"__1 _6\"></span> p\u00fab<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>co<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>42<span class=\"__1 _6\"></span>.88<span class=\"__1 _6\"></span>5             8.73<span class=\"__1 _6\"></span>7 <span class=\"__1 _7c\"> </span>             8.13<span class=\"__1 _6\"></span>0 <span class=\"__1 _cd\"> </span>             8.161<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>             6<span class=\"__1 _6\"></span>.305<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>             6<span class=\"__1 _6\"></span>.316<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>             5.23<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span>34<span class=\"__1 _6\"></span>.14<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span>Pa<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>vos<span class=\"__1 _8\"></span> por<span class=\"__1 _6\"></span> derecho d<span class=\"__1 _6\"></span>e us<span class=\"__1 _6\"></span>o (Nota 1<span class=\"__1 _6\"></span>7)           42<span class=\"__1 _6\"></span>.003<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>             4.00<span class=\"__1 _6\"></span>5 <span class=\"__1 _7c\"> </span>             3<span class=\"__1 _6\"></span>.791<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>             3<span class=\"__1 _6\"></span>.128<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>             2.66<span class=\"__1 _6\"></span>7 <span class=\"__1 _cd\"> </span>             1.570<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>           26<span class=\"__1 _6\"></span>.842<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>           3<span class=\"__1 _6\"></span>7.99<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span>84<span class=\"__1 _6\"></span>.888<span class=\"__1 _153\"> </span>1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.742<span class=\"__1 _2c\"> </span>11<span class=\"__1 _6\"></span>.921<span class=\"__1 _49\"> </span>11.289<span class=\"__1 _b\"> </span>8.97<span class=\"__1 _6\"></span>2<span class=\"__1 _14d\"> </span>7<span class=\"__1 _6\"></span>.886<span class=\"__1 _153\"> </span>3<span class=\"__1 _6\"></span>2.07<span class=\"__1 _6\"></span>8<span class=\"__1 _153\"> </span>7<span class=\"__1 _6\"></span>2.14<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span>Otros<span class=\"__1 _8\"></span> pa<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>vos<span class=\"__1 _8\"></span> fi<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>ero<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> Ne<span class=\"__1 _5\"></span>goci<span class=\"__1 _8\"></span>o REN<span class=\"__1 _5\"></span>OVAB<span class=\"__1 _5\"></span>LE<span class=\"__1 _70\"></span>S <span class=\"__1 _6\"></span>-<span class=\"__1 _1bc\"> </span>Pa<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>vos<span class=\"__1 _8\"></span> por<span class=\"__1 _6\"></span> derecho d<span class=\"__1 _6\"></span>e us<span class=\"__1 _6\"></span>o (Nota 1<span class=\"__1 _6\"></span>7)<span class=\"__1 _1bc\"> </span>2.83<span class=\"__1 _6\"></span>2             1.10<span class=\"__1 _6\"></span>2 <span class=\"__1 _7e\"> </span>                 66<span class=\"__1 _6\"></span>5 <span class=\"__1 _150\"> </span>                 5<span class=\"__1 _6\"></span>16<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>                 320<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>                 15<span class=\"__1 _6\"></span>2 <span class=\"__1 _cb\"> </span>                   7<span class=\"__1 _6\"></span>7<span class=\"__1 _1bc\"> </span>1.73<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span>2.83<span class=\"__1 _6\"></span>2<span class=\"__1 _14d\"> </span>1.10<span class=\"__1 _6\"></span>2<span class=\"__1 _dd\"> </span><span class=\"ls80\">665<span class=\"__1 _108\"> </span>516<span class=\"__1 _25\"> </span>320<span class=\"__1 _103\"> </span>152<span class=\"__1 _18\"> </span>77<span class=\"__1 _f9\"> </span></span>1.73<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span>87<span class=\"__1 _6\"></span>.720<span class=\"__1 _153\"> </span>1<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.844<span class=\"__1 _2c\"> </span>12<span class=\"__1 _6\"></span>.586<span class=\"__1 _49\"> </span>11.805<span class=\"__1 _b\"> </span>9.29<span class=\"__1 _6\"></span>2<span class=\"__1 _14d\"> </span>8<span class=\"__1 _6\"></span>.038<span class=\"__1 _153\"> </span>3<span class=\"__1 _6\"></span>2.15<span class=\"__1 _6\"></span>5<span class=\"__1 _153\"> </span>7<span class=\"__1 _6\"></span>3.87<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span>Ve<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>mi<span class=\"__1 _6\"></span>ent<span class=\"__1 _5\"></span>o en e<span class=\"__1 _5\"></span>l<span class=\"__1 _6\"></span> a<span class=\"__1 _6\"></span>\u00f1<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>2022<span class=\"__1 _1bc\"> </span>Cor<span class=\"__1 _6\"></span>to pl<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>zo<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span> de Euros<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>Di<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>pues<span class=\"__1 _6\"></span>to<span class=\"__1 _1bc\"> </span>2023<span class=\"__1 _15\"> </span>2024<span class=\"__1 _117\"> </span>2025<span class=\"__1 _67\"> </span>2026<span class=\"__1 _67\"> </span>2027<span class=\"__1 _110\"> </span><span class=\"ls0_1\">Si<span class=\"__1 _8\"></span>gui<span class=\"__1 _6\"></span>ente<span class=\"__1 _5\"></span>s<span class=\"__1 _1bc\"> </span></span>Tot<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span> L<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>go<span class=\"__1 _1bc\"> </span>pl<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>zo<span class=\"__1 _1bc\"> </span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> pa<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>os<span class=\"__1 _6\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>eros<span class=\"__1 _6\"></span> Neg<span class=\"__1 _5\"></span>oc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>o CELU<span class=\"__1 _5\"></span>LOSA<span class=\"__1 _5\"></span> -<span class=\"__1 _1bc\"> </span>Fi<span class=\"__1 _6\"></span>na<span class=\"__1 _8\"></span>nci<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n or<span class=\"__1 _6\"></span>ga<span class=\"__1 _6\"></span>ni<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>mos<span class=\"__1 _6\"></span> p\u00fab<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>co<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>49<span class=\"__1 _6\"></span>.97<span class=\"__1 _6\"></span>3<span class=\"__1 _14d\"> </span>8<span class=\"__1 _6\"></span>.34<span class=\"__1 _6\"></span>0<span class=\"__1 _129\"> </span>8.23<span class=\"__1 _6\"></span>4<span class=\"__1 _b\"> </span>8.1<span class=\"__1 _6\"></span>09<span class=\"__1 _b\"> </span>8<span class=\"__1 _6\"></span>.109<span class=\"__1 _b\"> </span>6<span class=\"__1 _6\"></span>.22<span class=\"__1 _6\"></span>1<span class=\"__1 _153\"> </span>1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.960<span class=\"__1 _49\"> </span>41<span class=\"__1 _6\"></span>.633<span class=\"__1 _1bc\"> </span>Pa<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>vos<span class=\"__1 _8\"></span> por<span class=\"__1 _6\"></span> derecho <span class=\"__1 _6\"></span>de us<span class=\"__1 _6\"></span>o (nota<span class=\"__1 _6\"></span> 1<span class=\"__1 _6\"></span>7)           37<span class=\"__1 _6\"></span>.603<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>             3<span class=\"__1 _6\"></span>.015<span class=\"__1 _6\"></span> <span class=\"__1 _113\"> </span>             2<span class=\"__1 _6\"></span>.508<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>             2<span class=\"__1 _6\"></span>.939<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>             1<span class=\"__1 _6\"></span>.830<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>             1.47<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>           25<span class=\"__1 _6\"></span>.832<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>           34<span class=\"__1 _6\"></span>.588<span class=\"__1 _1bc\"> </span>87<span class=\"__1 _6\"></span>.576<span class=\"__1 _49\"> </span>11.35<span class=\"__1 _6\"></span>5<span class=\"__1 _99\"> </span>1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.742<span class=\"__1 _49\"> </span>11.04<span class=\"__1 _6\"></span>8<span class=\"__1 _b\"> </span>9.93<span class=\"__1 _6\"></span>9<span class=\"__1 _b\"> </span>7.70<span class=\"__1 _6\"></span>0<span class=\"__1 _153\"> </span>3<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.792<span class=\"__1 _49\"> </span>76.22<span class=\"__1 _6\"></span>1<span class=\"__1 _1bc\"> </span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> pa<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>os<span class=\"__1 _6\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>eros<span class=\"__1 _6\"></span> Neg<span class=\"__1 _5\"></span>oc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>o ENE<span class=\"__1 _5\"></span>RGIA REN<span class=\"__1 _70\"></span>O<span class=\"__1 _6\"></span>VA<span class=\"__1 _70\"></span>BLE -<span class=\"__1 _1bc\"> </span>Pa<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>vos<span class=\"__1 _8\"></span> por<span class=\"__1 _6\"></span> derecho <span class=\"__1 _6\"></span>de us<span class=\"__1 _6\"></span>o (nota<span class=\"__1 _6\"></span> 1<span class=\"__1 _6\"></span>7)<span class=\"__1 _1bc\"> </span>1.69<span class=\"__1 _6\"></span>7<span class=\"__1 _25\"> </span><span class=\"ls82\">661<span class=\"__1 _35\"> </span>389<span class=\"__1 _25\"> </span>288<span class=\"__1 _108\"> </span>192<span class=\"__1 _18\"> </span>50<span class=\"__1 _25\"> </span>117<span class=\"__1 _14d\"> </span></span>1.03<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span>1.69<span class=\"__1 _6\"></span>7<span class=\"__1 _25\"> </span><span class=\"ls82\">661<span class=\"__1 _111\"> </span>389<span class=\"__1 _25\"> </span>288<span class=\"__1 _25\"> </span>192<span class=\"__1 _18\"> </span>50<span class=\"__1 _25\"> </span>117<span class=\"__1 _f9\"> </span></span>1<span class=\"__1 _6\"></span>.036<span class=\"__1 _1bc\"> </span>89<span class=\"__1 _6\"></span>.273<span class=\"__1 _49\"> </span>12.01<span class=\"__1 _6\"></span>6<span class=\"__1 _99\"> </span>1<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.131<span class=\"__1 _49\"> </span>11.33<span class=\"__1 _6\"></span>6<span class=\"__1 _153\"> </span>1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.131<span class=\"__1 _b\"> </span>7<span class=\"__1 _6\"></span>.750<span class=\"__1 _49\"> </span>36.90<span class=\"__1 _6\"></span>9<span class=\"__1 _153\"> </span>7<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.257<span class=\"__1 _1bc\"> </span>Ve<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>mi<span class=\"__1 _6\"></span>ent<span class=\"__1 _5\"></span>o en e<span class=\"__1 _5\"></span>l<span class=\"__1 _6\"></span> a<span class=\"__1 _6\"></span>\u00f1<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>La <span class=\"__1 _c8\"> </span>cuenta<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>\u201cFina<span class=\"__1 _6\"></span>nciaci\u00f3n <span class=\"__1 _c8\"> </span>o<span class=\"__1 _6\"></span>rganismos<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>p\u00fab<span class=\"__1 _6\"></span>licos\u201d <span class=\"__1 _c8\"> </span>corres<span class=\"__1 _6\"></span>ponde <span class=\"__1 _c8\"> </span>fund<span class=\"__1 _6\"></span>amentalmente <span class=\"__1 _c8\"> </span>a <span class=\"__1 _c6\"> </span>pr<span class=\"__1 _6\"></span>\u00e9stamos <span class=\"__1 _c6\"> </span>obtenidos,<span class=\"__1 _1bc\"> </span>normalmente <span class=\"__1 _c8\"> </span>a <span class=\"__1 _c8\"> </span>tip<span class=\"__1 _6\"></span>os <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"></span>inter\u00e9s <span class=\"__1 _c8\"></span>favorables, <span class=\"__1 _c8\"> </span>que <span class=\"__1 _c8\"> </span>financian <span class=\"__1 _c8\"> </span>pro<span class=\"__1 _6\"></span>yectos <span class=\"__1 _c8\"></span>para <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c8\"> </span>ampliaci\u00f3n <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c6\"> </span>mejora <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"> </span>la<span class=\"__1 _1bc\"> </span>capacidad productiv<span class=\"__1 _6\"></span>a de <span class=\"__1 _5\"></span>las biof\u00e1bricas de producci\u00f3n de celulosa, as\u00ed como el desarrollo de <span class=\"__1 _5\"></span>actividades de<span class=\"__1 _1bc\"> </span>I+D+i en <span class=\"__1 _6\"></span>EN<span class=\"__1 _6\"></span>CE. <span class=\"__1 _6\"></span>Su <span class=\"__1 _6\"></span>plazo <span class=\"__1 _6\"></span>de amortizaci\u00f3n <span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>10 <span class=\"__1 _6\"></span>a\u00f1os, <span class=\"__1 _6\"></span>con un <span class=\"__1 _6\"></span>periodo <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>carencia <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>3 a\u00f1<span class=\"__1 _6\"></span>os, y <span class=\"__1 _6\"></span>devengan<span class=\"__1 _1bc\"> </span>un tipo de in<span class=\"__1 _6\"></span>ter\u00e9s fijo que se sit\u00faa <span class=\"__1 _6\"></span>en el rango 1%-2,2<span class=\"__1 _6\"></span>9%.<span class=\"__1 _1bc\"> </span>28.3<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Estado de flujos de efectiv<span class=\"__1 _5\"></span>o (EFE)<span class=\"__1 _1bc\"> </span></span></span>Se <span class=\"__1 _6\"></span>muestra <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>continuaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>conciliaci\u00f3n <span class=\"__1 _8\"></span>entre <span class=\"__1 _6\"></span>las <span class=\"__1 _8\"></span>variaciones <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>endeudamiento <span class=\"__1 _6\"></span>finan<span class=\"__1 _6\"></span>ciero <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>Grupo<span class=\"__1 _1bc\"> </span>(deudas  con <span class=\"__1 _c6\"> </span>entidad<span class=\"__1 _6\"></span>es <span class=\"__1 _ca\"> </span>de <span class=\"__1 _c6\"> </span>cr\u00e9dito<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>y<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>mercado  de  capitales <span class=\"__1 _c6\"> </span>y  otros  pa<span class=\"__1 _5\"></span>sivos  f<span class=\"__1 _5\"></span>inancieros)  y <span class=\"__1 _c6\"> </span>los  flujos <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span>financiaci\u00f3n recogidos en el ep\u00edgrafe <span class=\"__1 _5\"></span>\u201cCobros y pagos por instrumentos<span class=\"__1 _6\"></span> de pasivo f<span class=\"__1 _5\"></span>inanciero\u201d <span class=\"ff4\">d<span class=\"__1 _6\"></span>el Estado de<span class=\"__1 _1bc\"> </span></span>Flujos de Efectivo en 2023 y<span class=\"__1 _6\"></span> 2022:<span class=\"__1 _1bc\"> </span>2023<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span> de Euros<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>do<span class=\"__1 _1bc\"> </span>1/1<span class=\"__1 _6\"></span>/20<span class=\"__1 _6\"></span>23<span class=\"__1 _1bc\"> </span>Em<span class=\"__1 _5\"></span>i<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones y<span class=\"__1 _1bc\"> </span>di<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>pos<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _1bc\"> </span>(Ne<span class=\"__1 _70\"></span>ta<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span>gas<span class=\"__1 _8\"></span>tos)<span class=\"__1 _1bc\"> </span>Ree<span class=\"__1 _70\"></span>mbol<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span> /<span class=\"__1 _1bc\"> </span>Cuota<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> pa<span class=\"__1 _6\"></span>ga<span class=\"__1 _6\"></span>da<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>Recompra<span class=\"__1 _1bc\"> </span>bonos<span class=\"__1 _1bc\"> </span>Pa<span class=\"__1 _6\"></span>go de<span class=\"__1 _1bc\"> </span>i<span class=\"__1 _6\"></span>ntereses<span class=\"__1 _1bc\"> </span>Deve<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>go de<span class=\"__1 _1bc\"> </span>i<span class=\"__1 _6\"></span>ntereses<span class=\"__1 _1bc\"> </span>Deve<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>go de<span class=\"__1 _1bc\"> </span>cos<span class=\"__1 _8\"></span>te<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> de<span class=\"__1 _1bc\"> </span>estruc<span class=\"__1 _6\"></span>tura<span class=\"__1 _8\"></span>ci<span class=\"__1 _6\"></span>\u00f3<span class=\"__1 _6\"></span>n<span class=\"__1 _1bc\"> </span>Var<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>nes p<span class=\"__1 _6\"></span>or<span class=\"__1 _1bc\"> </span>derechos<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e uso<span class=\"__1 _1bc\"> </span>s<span class=\"__1 _6\"></span>obr<span class=\"__1 _6\"></span>e ac<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vos<span class=\"__1 _1bc\"> </span>Actual<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>za<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _1bc\"> </span>fi<span class=\"__1 _6\"></span>na<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>era <span class=\"__1 _6\"></span>y<span class=\"__1 _1bc\"> </span>otros<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>do<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/12<span class=\"__1 _6\"></span>/20<span class=\"__1 _6\"></span>23<span class=\"__1 _1bc\"> </span>Deuda fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>era<span class=\"__1 _6\"></span> Negoci<span class=\"__1 _6\"></span>o CELU<span class=\"__1 _5\"></span>LOSA -<span class=\"__1 _1bc\"> </span>Obl<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>ga<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>ones<span class=\"__1 _6\"></span> y bo<span class=\"__1 _6\"></span>nos            63<span class=\"__1 _6\"></span>.300 <span class=\"__1 _124\"> </span>            66.400<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>              (76<span class=\"__1 _6\"></span>.300<span class=\"__1 _6\"></span>)<span class=\"__1 _2a\"> </span>                         -   <span class=\"__1 _cb\"> </span>                   -   <span class=\"__1 _15d\"> </span>                           -   <span class=\"__1 _cb\"> </span>                        -   <span class=\"__1 _cb\"> </span>                           -   <span class=\"__1 _70\"></span>                  (353<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            53.04<span class=\"__1 _6\"></span>7<span class=\"__1 _1bc\"> </span>Pr<span class=\"__1 _6\"></span>\u00e9sta<span class=\"__1 _6\"></span>mos<span class=\"__1 _6\"></span> ba<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>os            94<span class=\"__1 _6\"></span>.461 <span class=\"__1 _a8\"> </span>          27<span class=\"__1 _6\"></span>2.33<span class=\"__1 _6\"></span>9                   (7.500)<span class=\"__1 _2a\"> </span>                         -   <span class=\"__1 _c9\"> </span>                   -   <span class=\"__1 _127\"> </span>                           -   <span class=\"__1 _5\"></span>                     29<span class=\"__1 _6\"></span>8 <span class=\"__1 _c1\"> </span>                           -   <span class=\"__1 _ca\"> </span>                        -             3<span class=\"__1 _6\"></span>59<span class=\"__1 _6\"></span>.598<span class=\"__1 _1bc\"> </span>Otros<span class=\"__1 _8\"></span> pa<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>vos<span class=\"__1 _6\"></span> fi<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>eros            49<span class=\"__1 _6\"></span>.973 <span class=\"__1 _a8\"> </span>                  85<span class=\"__1 _6\"></span>8                   (7.905)<span class=\"__1 _2a\"> </span>                         -   <span class=\"__1 _c9\"> </span>                   -   <span class=\"__1 _145\"> </span>                        (71<span class=\"__1 _6\"></span>)<span class=\"__1 _2a\"> </span>                        -   <span class=\"__1 _cb\"> </span>                           -   <span class=\"__1 _6\"></span>                      3<span class=\"__1 _6\"></span>1 <span class=\"__1 _c9\"> </span>            42.88<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span>Deudas<span class=\"__1 _8\"></span> por<span class=\"__1 _6\"></span> i<span class=\"__1 _6\"></span>ntereses<span class=\"__1 _6\"></span>, cup<span class=\"__1 _6\"></span>\u00f3n y otro<span class=\"__1 _6\"></span>s              1.18<span class=\"__1 _6\"></span>6 <span class=\"__1 _159\"> </span>                     -   <span class=\"__1 _cb\"> </span>                         -   <span class=\"__1 _cb\"> </span>                         -   <span class=\"__1 _70\"></span>        (15<span class=\"__1 _6\"></span>.171<span class=\"__1 _6\"></span>)                        -   <span class=\"__1 _cb\"> </span>                           -   <span class=\"__1 _ca\"> </span>                        -   <span class=\"__1 _5\"></span>               2.30<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>Pa<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>vos<span class=\"__1 _6\"></span> po<span class=\"__1 _6\"></span>r derech<span class=\"__1 _6\"></span>o de us<span class=\"__1 _6\"></span>o s<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>bre a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>tiv<span class=\"__1 _6\"></span>os            37<span class=\"__1 _6\"></span>.603 <span class=\"__1 _113\"> </span>                     -   <span class=\"__1 _be\"></span>                 (5.953<span class=\"__1 _6\"></span>)<span class=\"__1 _2a\"> </span>                         -   <span class=\"__1 _105\"> </span>                    2<span class=\"__1 _6\"></span>.274<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>                        -   <span class=\"__1 _8\"></span>                    8.081<span class=\"__1 _6\"></span> <span class=\"__1 _111\"> </span>            4<span class=\"__1 _6\"></span>2.005          24<span class=\"__1 _6\"></span>6.522<span class=\"__1 _6\"></span> <span class=\"__1 _a8\"> </span>          339<span class=\"__1 _6\"></span>.597 <span class=\"__1 _c6\"> </span>              (97<span class=\"__1 _6\"></span>.658)<span class=\"__1 _2a\"> </span>                         -   <span class=\"__1 _70\"></span>        (15.171<span class=\"__1 _6\"></span>)<span class=\"__1 _158\"> </span>                  18<span class=\"__1 _6\"></span>.491 <span class=\"__1 _150\"> </span>                     298<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>                    8.08<span class=\"__1 _6\"></span>1 <span class=\"__1 _c6\"> </span>                  (32<span class=\"__1 _6\"></span>2)<span class=\"__1 _ce\"> </span>          499<span class=\"__1 _6\"></span>.838<span class=\"__1 _1bc\"> </span>I<span class=\"__1 _6\"></span>ns<span class=\"__1 _6\"></span>trumentos fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>eros<span class=\"__1 _8\"></span> deri<span class=\"__1 _6\"></span>va<span class=\"__1 _6\"></span>do<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>oc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>os<span class=\"__1 _6\"></span> a<span class=\"__1 _6\"></span> l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span> fi<span class=\"__1 _6\"></span>na<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>\u00f3n                     -   <span class=\"__1 _145\"> </span>                     -   <span class=\"__1 _cb\"> </span>                         -   <span class=\"__1 _c9\"> </span>                         -   <span class=\"__1 _c8\"> </span>            1.29<span class=\"__1 _6\"></span>9 <span class=\"__1 _159\"> </span>                           -   <span class=\"__1 _c9\"> </span>                        -   <span class=\"__1 _cb\"> </span>                           -                   (5.334<span class=\"__1 _6\"></span>)<span class=\"__1 _150\"> </span>             (4<span class=\"__1 _6\"></span>.035<span class=\"__1 _6\"></span>)          24<span class=\"__1 _6\"></span>6.522<span class=\"__1 _6\"></span> <span class=\"__1 _a8\"> </span>          339<span class=\"__1 _6\"></span>.597 <span class=\"__1 _ca\"> </span>              (9<span class=\"__1 _6\"></span>7.658<span class=\"__1 _6\"></span>)<span class=\"__1 _cc\"> </span>                         -            (13<span class=\"__1 _6\"></span>.872)<span class=\"__1 _12c\"> </span>                  1<span class=\"__1 _6\"></span>8.491<span class=\"__1 _6\"></span> <span class=\"__1 _ca\"> </span>                     29<span class=\"__1 _6\"></span>8 <span class=\"__1 _cb\"> </span>                    8.081 <span class=\"__1 _150\"> </span>               (5.656)<span class=\"__1 _c9\"> </span>          4<span class=\"__1 _6\"></span>95<span class=\"__1 _6\"></span>.803<span class=\"__1 _1bc\"> </span>Deuda fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>era<span class=\"__1 _6\"></span> Negoci<span class=\"__1 _6\"></span>o RENOVA<span class=\"__1 _70\"></span>BLES -<span class=\"__1 _1bc\"> </span>Obl<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>ga<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>ones<span class=\"__1 _6\"></span> y bo<span class=\"__1 _6\"></span>nos            78<span class=\"__1 _6\"></span>.436 <span class=\"__1 _d2\"> </span>                     -   <span class=\"__1 _cb\"> </span>                         -   <span class=\"__1 _cb\"> </span>                         -   <span class=\"__1 _cb\"> </span>                   -   <span class=\"__1 _e9\"> </span>                           -                         2<span class=\"__1 _6\"></span>61<span class=\"__1 _6\"></span> <span class=\"__1 _d0\"> </span>                           -   <span class=\"__1 _ca\"> </span>                        -   <span class=\"__1 _6\"></span>            7<span class=\"__1 _6\"></span>8.69<span class=\"__1 _6\"></span>7<span class=\"__1 _1bc\"> </span>Pr<span class=\"__1 _6\"></span>\u00e9sta<span class=\"__1 _6\"></span>mos<span class=\"__1 _6\"></span> ba<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>os            70<span class=\"__1 _6\"></span>.520 <span class=\"__1 _127\"> </span>                     -                  (27<span class=\"__1 _6\"></span>.067<span class=\"__1 _6\"></span>)<span class=\"__1 _aa\"> </span>                         -   <span class=\"__1 _cb\"> </span>                   -   <span class=\"__1 _e9\"> </span>                           -                         31<span class=\"__1 _6\"></span>8 <span class=\"__1 _d0\"> </span>                           -   <span class=\"__1 _ca\"> </span>                        -   <span class=\"__1 _8\"></span>            43.77<span class=\"__1 _6\"></span>1<span class=\"__1 _1bc\"> </span>Deudas<span class=\"__1 _8\"></span> por<span class=\"__1 _6\"></span> i<span class=\"__1 _6\"></span>ntereses<span class=\"__1 _6\"></span>, cup<span class=\"__1 _6\"></span>\u00f3n y otro<span class=\"__1 _6\"></span>s                    23<span class=\"__1 _6\"></span> <span class=\"__1 _106\"> </span>                     -   <span class=\"__1 _c1\"> </span>                         -   <span class=\"__1 _c9\"> </span>                         -   <span class=\"__1 _be\"></span>           (9.74<span class=\"__1 _6\"></span>2)<span class=\"__1 _159\"> </span>                    9<span class=\"__1 _6\"></span>.767 <span class=\"__1 _179\"> </span>                        -   <span class=\"__1 _cb\"> </span>                           -   <span class=\"__1 _ca\"> </span>                        -   <span class=\"__1 _6\"></span>                    4<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span>Pa<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>vos<span class=\"__1 _6\"></span> po<span class=\"__1 _6\"></span>r derech<span class=\"__1 _6\"></span>o de us<span class=\"__1 _6\"></span>o s<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>bre a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>tiv<span class=\"__1 _6\"></span>os              1.69<span class=\"__1 _6\"></span>7 <span class=\"__1 _15d\"> </span>                     -   <span class=\"__1 _8\"> </span>                 (1<span class=\"__1 _6\"></span>.429<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>                         -   <span class=\"__1 _6f\"> </span>                          90<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                        -   <span class=\"__1 _c6\"> </span>                    2<span class=\"__1 _6\"></span>.474 <span class=\"__1 _ce\"> </span>                        -   <span class=\"__1 _c6\"> </span>               2.83<span class=\"__1 _6\"></span>2          15<span class=\"__1 _6\"></span>0.676<span class=\"__1 _6\"></span> <span class=\"__1 _106\"> </span>                     -                  (2<span class=\"__1 _6\"></span>8.496<span class=\"__1 _6\"></span>)<span class=\"__1 _cc\"> </span>                         -   <span class=\"__1 _4\"> </span>           (9.<span class=\"__1 _5\"></span>742<span class=\"__1 _6\"></span>)<span class=\"__1 _15d\"> </span>                    9.857<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>                     57<span class=\"__1 _6\"></span>9 <span class=\"__1 _cb\"> </span>                    2.474 <span class=\"__1 _ce\"> </span>                        -              12<span class=\"__1 _6\"></span>5.34<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span>I<span class=\"__1 _6\"></span>ns<span class=\"__1 _6\"></span>trumentos fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>eros<span class=\"__1 _8\"></span> deri<span class=\"__1 _6\"></span>va<span class=\"__1 _6\"></span>do<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>oc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>os<span class=\"__1 _6\"></span> a<span class=\"__1 _6\"></span> l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span> fi<span class=\"__1 _6\"></span>na<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>\u00f3n              5.91<span class=\"__1 _6\"></span>0 <span class=\"__1 _15d\"> </span>                     -   <span class=\"__1 _cb\"> </span>                         -   <span class=\"__1 _cb\"> </span>                         -   <span class=\"__1 _c6\"> </span>            2.86<span class=\"__1 _6\"></span>7 <span class=\"__1 _159\"> </span>                           -   <span class=\"__1 _c9\"> </span>                        -   <span class=\"__1 _cb\"> </span>                           -   <span class=\"__1 _8\"></span>               (5<span class=\"__1 _6\"></span>.748<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>               3<span class=\"__1 _6\"></span>.029          15<span class=\"__1 _6\"></span>6.586<span class=\"__1 _6\"></span> <span class=\"__1 _106\"> </span>                     -                  (2<span class=\"__1 _6\"></span>8.496<span class=\"__1 _6\"></span>)<span class=\"__1 _cc\"> </span>                         -   <span class=\"__1 _4\"> </span>           (6.<span class=\"__1 _5\"></span>875<span class=\"__1 _6\"></span>)<span class=\"__1 _15d\"> </span>                    9.857<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>                     57<span class=\"__1 _6\"></span>9 <span class=\"__1 _cb\"> </span>                    2.474 <span class=\"__1 _150\"> </span>               (5.748)<span class=\"__1 _c9\"> </span>          1<span class=\"__1 _6\"></span>28<span class=\"__1 _6\"></span>.377<span class=\"__1 _1bc\"> </span>40<span class=\"__1 _6\"></span>3.10<span class=\"__1 _6\"></span>8<span class=\"__1 _59\"> </span>3<span class=\"__1 _6\"></span>39<span class=\"__1 _6\"></span>.597<span class=\"__1 _150\"> </span><span class=\"ls85\">            (12<span class=\"__1 _6\"></span>6.154<span class=\"__1 _6\"></span>)<span class=\"__1 _cc\"> </span>                         -            (20.74<span class=\"__1 _6\"></span>7)<span class=\"__1 _f\"> </span></span>28<span class=\"__1 _6\"></span>.348<span class=\"__1 _16\"> </span><span class=\"ls87\">877<span class=\"__1 _10c\"> </span></span>1<span class=\"__1 _6\"></span>0.55<span class=\"__1 _6\"></span>5<span class=\"__1 _49\"> </span>-11<span class=\"__1 _6\"></span>.404<span class=\"__1 _d2\"> </span>624<span class=\"__1 _6\"></span>.180<span class=\"__1 _1bc\"> </span>Fl<span class=\"__1 _6\"></span>uj<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span> de e<span class=\"__1 _5\"></span>fecti<span class=\"__1 _6\"></span>vo<span class=\"__1 _1bc\"> </span>Var<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>nes d<span class=\"__1 _6\"></span>e de<span class=\"__1 _5\"></span>uda<span class=\"__1 _6\"></span> s<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>n i<span class=\"__1 _6\"></span>mpa<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>to e<span class=\"__1 _5\"></span>n EFE<span class=\"__1 _1bc\"> </span>2022<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span> de Euros<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>do<span class=\"__1 _1bc\"> </span>1/1<span class=\"__1 _6\"></span>/20<span class=\"__1 _6\"></span>22<span class=\"__1 _1bc\"> </span>Em<span class=\"__1 _5\"></span>i<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones <span class=\"__1 _6\"></span>y<span class=\"__1 _1bc\"> </span>di<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>pos<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _1bc\"> </span>(Ne<span class=\"__1 _70\"></span>ta<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span>gas<span class=\"__1 _8\"></span>tos)<span class=\"__1 _1bc\"> </span>Ree<span class=\"__1 _70\"></span>mbol<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span> /<span class=\"__1 _1bc\"> </span>Cuota<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> pa<span class=\"__1 _6\"></span>ga<span class=\"__1 _6\"></span>da<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>Recompra<span class=\"__1 _1bc\"> </span>bonos<span class=\"__1 _1bc\"> </span>Pa<span class=\"__1 _6\"></span>go de<span class=\"__1 _1bc\"> </span>i<span class=\"__1 _6\"></span>ntereses<span class=\"__1 _1bc\"> </span>Deve<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>go de<span class=\"__1 _1bc\"> </span>i<span class=\"__1 _6\"></span>ntereses<span class=\"__1 _1bc\"> </span>Deve<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>go de<span class=\"__1 _1bc\"> </span>cos<span class=\"__1 _8\"></span>te<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> de<span class=\"__1 _1bc\"> </span>estruc<span class=\"__1 _6\"></span>tura<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _1bc\"> </span>Var<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>nes p<span class=\"__1 _6\"></span>or<span class=\"__1 _1bc\"> </span>derechos<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e uso<span class=\"__1 _1bc\"> </span>s<span class=\"__1 _6\"></span>obr<span class=\"__1 _6\"></span>e ac<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vos<span class=\"__1 _1bc\"> </span>Actual<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>za<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _1bc\"> </span>fi<span class=\"__1 _6\"></span>na<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>era<span class=\"__1 _6\"></span> y<span class=\"__1 _1bc\"> </span>otros<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>do<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/12<span class=\"__1 _6\"></span>/20<span class=\"__1 _6\"></span>22<span class=\"__1 _1bc\"> </span>Deuda fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>era<span class=\"__1 _6\"></span> Negoci<span class=\"__1 _6\"></span>o CELUL<span class=\"__1 _70\"></span>O<span class=\"__1 _6\"></span>SA -<span class=\"__1 _1bc\"> </span>Obl<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>ga<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>ones<span class=\"__1 _6\"></span> y bo<span class=\"__1 _6\"></span>nos<span class=\"__1 _6\"></span> (Nota<span class=\"__1 _6\"></span> 29<span class=\"__1 _6\"></span>.1)          12<span class=\"__1 _6\"></span>5.568<span class=\"__1 _6\"></span> <span class=\"__1 _159\"> </span>                     -   <span class=\"__1 _c9\"> </span>                         -   <span class=\"__1 _bf\"></span>              (65<span class=\"__1 _6\"></span>.279<span class=\"__1 _6\"></span>)<span class=\"__1 _2a\"> </span>                   -   <span class=\"__1 _15d\"> </span>                           -   <span class=\"__1 _70\"></span>                     4<span class=\"__1 _6\"></span>98<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>                           -   <span class=\"__1 _5\"></span>                 2.51<span class=\"__1 _6\"></span>3 <span class=\"__1 _c9\"> </span>            63.30<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span>Pr<span class=\"__1 _6\"></span>\u00e9sta<span class=\"__1 _6\"></span>mos<span class=\"__1 _6\"></span> ba<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>os          10<span class=\"__1 _6\"></span>4.305<span class=\"__1 _6\"></span> <span class=\"__1 _159\"> </span>                     -   <span class=\"__1 _70\"></span>              (10.00<span class=\"__1 _6\"></span>0)<span class=\"__1 _2a\"> </span>                         -   <span class=\"__1 _c9\"> </span>                   -   <span class=\"__1 _127\"> </span>                           -                        156 <span class=\"__1 _179\"> </span>                           -   <span class=\"__1 _ca\"> </span>                        -   <span class=\"__1 _6\"></span>            9<span class=\"__1 _6\"></span>4.46<span class=\"__1 _6\"></span>1<span class=\"__1 _1bc\"> </span>Otros<span class=\"__1 _8\"></span> pa<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>vos<span class=\"__1 _6\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>eros            58<span class=\"__1 _6\"></span>.038 <span class=\"__1 _124\"> </span>                    66                   (8.093)<span class=\"__1 _2a\"> </span>                         -   <span class=\"__1 _c9\"> </span>                   -   <span class=\"__1 _145\"> </span>                        (61<span class=\"__1 _6\"></span>)<span class=\"__1 _2a\"> </span>                        -   <span class=\"__1 _cb\"> </span>                           -   <span class=\"__1 _8\"></span>                      23 <span class=\"__1 _c9\"> </span>            49.97<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>Deudas<span class=\"__1 _8\"></span> por<span class=\"__1 _6\"></span> i<span class=\"__1 _6\"></span>ntereses<span class=\"__1 _6\"></span>, cup<span class=\"__1 _6\"></span>\u00f3n y otro<span class=\"__1 _6\"></span>s              1.20<span class=\"__1 _6\"></span>8 <span class=\"__1 _159\"> </span>                     -   <span class=\"__1 _c9\"> </span>                         -   <span class=\"__1 _cb\"> </span>                         -   <span class=\"__1 _be\"></span>           (5.17<span class=\"__1 _6\"></span>4)<span class=\"__1 _15d\"> </span>                    5<span class=\"__1 _6\"></span>.152<span class=\"__1 _6\"></span> <span class=\"__1 _2a\"> </span>                        -   <span class=\"__1 _cb\"> </span>                           -   <span class=\"__1 _ca\"> </span>                        -   <span class=\"__1 _5\"></span>               1.18<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span>Pa<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>vos<span class=\"__1 _6\"></span> po<span class=\"__1 _6\"></span>r d<span class=\"__1 _6\"></span>erecho de us<span class=\"__1 _6\"></span>o s<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>bre a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>tiv<span class=\"__1 _6\"></span>os            16<span class=\"__1 _6\"></span>.444 <span class=\"__1 _113\"> </span>                     -   <span class=\"__1 _be\"></span>                 (4.72<span class=\"__1 _6\"></span>2)<span class=\"__1 _2a\"> </span>                         -   <span class=\"__1 _14e\"> </span>                    1.927<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>                        -                     2<span class=\"__1 _6\"></span>3.95<span class=\"__1 _6\"></span>4 <span class=\"__1 _cc\"> </span>                        -   <span class=\"__1 _8\"></span>            37<span class=\"__1 _6\"></span>.603          30<span class=\"__1 _6\"></span>5.561<span class=\"__1 _6\"></span> <span class=\"__1 _186\"> </span>                    66<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>              (2<span class=\"__1 _6\"></span>2.815<span class=\"__1 _6\"></span>)<span class=\"__1 _cb\"> </span>              (65<span class=\"__1 _6\"></span>.279)<span class=\"__1 _150\"> </span>           (5.174)<span class=\"__1 _159\"> </span>                    7<span class=\"__1 _6\"></span>.018 <span class=\"__1 _150\"> </span>                     654<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>                  2<span class=\"__1 _6\"></span>3.954<span class=\"__1 _6\"></span> <span class=\"__1 _ca\"> </span>                 2.53<span class=\"__1 _6\"></span>6 <span class=\"__1 _150\"> </span>          2<span class=\"__1 _6\"></span>46<span class=\"__1 _6\"></span>.522          30<span class=\"__1 _6\"></span>5.561<span class=\"__1 _6\"></span> <span class=\"__1 _186\"> </span>                    66<span class=\"__1 _6\"></span> <span class=\"__1 _ca\"> </span>              (22<span class=\"__1 _6\"></span>.815)<span class=\"__1 _cb\"> </span>              (6<span class=\"__1 _6\"></span>5.279<span class=\"__1 _6\"></span>)<span class=\"__1 _150\"> </span>           (5.17<span class=\"__1 _6\"></span>4)<span class=\"__1 _15d\"> </span>                    7.018<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>                     6<span class=\"__1 _6\"></span>54<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>                  2<span class=\"__1 _6\"></span>3.954<span class=\"__1 _6\"></span> <span class=\"__1 _ca\"> </span>                 2<span class=\"__1 _6\"></span>.536 <span class=\"__1 _cb\"> </span>          246<span class=\"__1 _6\"></span>.522<span class=\"__1 _1bc\"> </span>Deuda fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>era<span class=\"__1 _6\"></span> Negoci<span class=\"__1 _6\"></span>o ENER<span class=\"__1 _5\"></span>GIA REN<span class=\"__1 _5\"></span>OVA<span class=\"__1 _5\"></span>BLE<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>-<span class=\"__1 _1bc\"> </span>Obl<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>ga<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>ones<span class=\"__1 _6\"></span> y bo<span class=\"__1 _6\"></span>nos            92<span class=\"__1 _6\"></span>.106 <span class=\"__1 _d2\"> </span>                     -   <span class=\"__1 _cb\"> </span>                         -   <span class=\"__1 _bf\"></span>              (1<span class=\"__1 _6\"></span>4.00<span class=\"__1 _6\"></span>0)<span class=\"__1 _2a\"> </span>                   -   <span class=\"__1 _187\"> </span>                           -                         33<span class=\"__1 _6\"></span>0 <span class=\"__1 _d0\"> </span>                           -   <span class=\"__1 _ca\"> </span>                        -   <span class=\"__1 _8\"></span>            78<span class=\"__1 _6\"></span>.436<span class=\"__1 _1bc\"> </span>Pr<span class=\"__1 _6\"></span>\u00e9sta<span class=\"__1 _6\"></span>mos<span class=\"__1 _6\"></span> ba<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>os            99<span class=\"__1 _6\"></span>.447 <span class=\"__1 _127\"> </span>                     -                  (2<span class=\"__1 _6\"></span>9.40<span class=\"__1 _6\"></span>0)<span class=\"__1 _aa\"> </span>                         -   <span class=\"__1 _cb\"> </span>                   -   <span class=\"__1 _e9\"> </span>                           -                         4<span class=\"__1 _6\"></span>73<span class=\"__1 _6\"></span> <span class=\"__1 _d0\"> </span>                           -   <span class=\"__1 _ca\"> </span>                        -   <span class=\"__1 _6\"></span>            7<span class=\"__1 _6\"></span>0.52<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span>Deudas<span class=\"__1 _8\"></span> por<span class=\"__1 _6\"></span> i<span class=\"__1 _6\"></span>ntereses<span class=\"__1 _6\"></span>, cup<span class=\"__1 _6\"></span>\u00f3n y otro<span class=\"__1 _6\"></span>s                      7 <span class=\"__1 _15d\"> </span>                     -   <span class=\"__1 _c1\"> </span>                         -   <span class=\"__1 _cb\"> </span>                         -   <span class=\"__1 _c0\"></span>           (5.06<span class=\"__1 _6\"></span>5)<span class=\"__1 _15d\"> </span>                    5<span class=\"__1 _6\"></span>.081<span class=\"__1 _6\"></span> <span class=\"__1 _2a\"> </span>                        -   <span class=\"__1 _cb\"> </span>                           -   <span class=\"__1 _ca\"> </span>                        -   <span class=\"__1 _8\"></span>                    23<span class=\"__1 _1bc\"> </span>Pa<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>vos<span class=\"__1 _6\"></span> po<span class=\"__1 _6\"></span>r d<span class=\"__1 _6\"></span>erecho de us<span class=\"__1 _6\"></span>o s<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>bre a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>tiv<span class=\"__1 _6\"></span>os              1.12<span class=\"__1 _6\"></span>7 <span class=\"__1 _15d\"> </span>                     -   <span class=\"__1 _4\"> </span>                 (1.169)<span class=\"__1 _cf\"> </span>                         -   <span class=\"__1 _1d\"> </span>                          5<span class=\"__1 _6\"></span>1 <span class=\"__1 _ce\"> </span>                        -   <span class=\"__1 _c8\"> </span>                    1<span class=\"__1 _6\"></span>.688<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>                        -   <span class=\"__1 _c8\"> </span>               1<span class=\"__1 _6\"></span>.697          19<span class=\"__1 _6\"></span>2.687<span class=\"__1 _6\"></span> <span class=\"__1 _127\"> </span>                     -                  (30.569<span class=\"__1 _6\"></span>)<span class=\"__1 _cb\"> </span>              (14<span class=\"__1 _6\"></span>.000<span class=\"__1 _6\"></span>)<span class=\"__1 _150\"> </span>           (5.065<span class=\"__1 _6\"></span>)<span class=\"__1 _15d\"> </span>                    5.132<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>                     8<span class=\"__1 _6\"></span>03 <span class=\"__1 _cb\"> </span>                    1.688<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                        -              1<span class=\"__1 _6\"></span>50<span class=\"__1 _6\"></span>.676<span class=\"__1 _1bc\"> </span>I<span class=\"__1 _6\"></span>ns<span class=\"__1 _6\"></span>trumentos fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>eros<span class=\"__1 _8\"></span> deri<span class=\"__1 _6\"></span>va<span class=\"__1 _6\"></span>do<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>oc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>os<span class=\"__1 _6\"></span> a<span class=\"__1 _6\"></span> l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span> fi<span class=\"__1 _6\"></span>na<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>\u00f3n              4.78<span class=\"__1 _6\"></span>1 <span class=\"__1 _15d\"> </span>                     -   <span class=\"__1 _cb\"> </span>                         -   <span class=\"__1 _c9\"> </span>                         -   <span class=\"__1 _8\"></span>           (2.12<span class=\"__1 _6\"></span>1)<span class=\"__1 _113\"> </span>                           -   <span class=\"__1 _cb\"> </span>                        -   <span class=\"__1 _cb\"> </span>                           -                     3.25<span class=\"__1 _6\"></span>0 <span class=\"__1 _c9\"> </span>               5.910          19<span class=\"__1 _6\"></span>7.468<span class=\"__1 _6\"></span> <span class=\"__1 _127\"> </span>                     -                  (30.569<span class=\"__1 _6\"></span>)<span class=\"__1 _cb\"> </span>              (14<span class=\"__1 _6\"></span>.000<span class=\"__1 _6\"></span>)<span class=\"__1 _150\"> </span>           (7.186<span class=\"__1 _6\"></span>)<span class=\"__1 _15d\"> </span>                    5.132<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>                     8<span class=\"__1 _6\"></span>03 <span class=\"__1 _cb\"> </span>                    1.688<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>                 3.25<span class=\"__1 _6\"></span>0 <span class=\"__1 _150\"> </span>          1<span class=\"__1 _6\"></span>56<span class=\"__1 _6\"></span>.586<span class=\"__1 _1bc\"> </span>50<span class=\"__1 _6\"></span>3.03<span class=\"__1 _6\"></span>0<span class=\"__1 _74\"> </span><span class=\"ls8a\">66<span class=\"__1 _150\"> </span><span class=\"ls89\">              (53.384<span class=\"__1 _6\"></span>)<span class=\"__1 _cb\"> </span>              (79<span class=\"__1 _6\"></span>.279<span class=\"__1 _6\"></span>)<span class=\"__1 _cb\"> </span>        (12<span class=\"__1 _6\"></span>.360)<span class=\"__1 _f\"> </span></span></span>1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.150<span class=\"__1 _5a\"> </span>1<span class=\"__1 _6\"></span>.457<span class=\"__1 _fb\"> </span>25<span class=\"__1 _6\"></span>.642<span class=\"__1 _7c\"> </span>5<span class=\"__1 _6\"></span>.786<span class=\"__1 _d2\"> </span>40<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.108<span class=\"__1 _1bc\"> </span>Fl<span class=\"__1 _6\"></span>uj<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span> de efe<span class=\"__1 _70\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vo<span class=\"__1 _1bc\"> </span>Var<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>nes d<span class=\"__1 _6\"></span>e de<span class=\"__1 _5\"></span>uda<span class=\"__1 _6\"></span> s<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>n i<span class=\"__1 _6\"></span>mpa<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>to en E<span class=\"__1 _5\"></span>FE<span class=\"__1 _1bc\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialLiabilitiesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-39": {
   "value": "28.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Deuda financiera<span class=\"__1 _1bc\"> </span></span></span>28.1<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Deudas con entidades de cr\u00e9d<span class=\"__1 _5\"></span>ito y mercado de<span class=\"__1 _5\"></span> capitales<span class=\"__1 _1bc\"> </span></span></span>La <span class=\"__1 _5\"></span>composici\u00f3n de <span class=\"__1 _70\"></span>las <span class=\"__1 _5\"></span>deudas <span class=\"__1 _70\"></span>con entidades <span class=\"__1 _5\"></span>de <span class=\"__1 _5\"></span>cr\u00e9dito <span class=\"__1 _5\"></span>al <span class=\"__1 _70\"></span>31 de <span class=\"__1 _70\"></span>diciembre <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>20<span class=\"__1 _6\"></span>23 <span class=\"__1 _5\"></span>y <span class=\"__1 _5\"></span>2022, <span class=\"__1 _70\"></span>corresp<span class=\"__1 _6\"></span>ondientes<span class=\"__1 _1bc\"> </span>a pr\u00e9stamos y<span class=\"__1 _6\"></span> l\u00edneas de descuento, clas<span class=\"__1 _6\"></span>ificadas de <span class=\"__1 _6\"></span>acuerdo con s<span class=\"__1 _6\"></span>us vencimientos, es la<span class=\"__1 _6\"></span> siguiente:<span class=\"__1 _1bc\"> </span>023<span class=\"__1 _1bc\"> </span>Cor<span class=\"__1 _6\"></span>to pl<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>zo<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es d<span class=\"__1 _6\"></span>e E<span class=\"__1 _70\"></span>u<span class=\"__1 _6\"></span>ro<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>L\u00edm<span class=\"__1 _70\"></span>i<span class=\"__1 _8\"></span>te<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>do<span class=\"__1 _1bc\"> </span>Di<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>pues<span class=\"__1 _6\"></span>to<span class=\"__1 _1bc\"> </span>2024<span class=\"__1 _1f\"> </span>2025<span class=\"__1 _fb\"> </span>2026<span class=\"__1 _103\"> </span>2027<span class=\"__1 _153\"> </span><span class=\"ls0_1\">Si<span class=\"__1 _8\"></span>gui<span class=\"__1 _6\"></span>ente<span class=\"__1 _70\"></span>s<span class=\"__1 _1bc\"> </span></span>Tot<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span> Lar<span class=\"__1 _6\"></span>go<span class=\"__1 _1bc\"> </span>Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>zo<span class=\"__1 _1bc\"> </span>euda<span class=\"__1 _6\"></span> fi<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>era<span class=\"__1 _6\"></span> Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o CEL<span class=\"__1 _5\"></span>UL<span class=\"__1 _70\"></span>O<span class=\"__1 _6\"></span>SA -<span class=\"__1 _1bc\"> </span>Obl<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ga<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> em<span class=\"__1 _5\"></span>i<span class=\"__1 _6\"></span>ti<span class=\"__1 _8\"></span>da<span class=\"__1 _6\"></span>s           53<span class=\"__1 _6\"></span>.047<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>           53<span class=\"__1 _6\"></span>.04<span class=\"__1 _6\"></span>7 <span class=\"__1 _cd\"> </span>           5<span class=\"__1 _6\"></span>3.04<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span> <span class=\"__1 _178\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _150\"> </span>                     - L\u00edne<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span> de cr<span class=\"__1 _6\"></span>\u00e9<span class=\"__1 _5\"></span>di<span class=\"__1 _8\"></span>to \u2013<span class=\"__1 _70\"></span> r<span class=\"__1 _6\"></span>evol<span class=\"__1 _8\"></span>vi<span class=\"__1 _6\"></span>ng         13<span class=\"__1 _6\"></span>0.00<span class=\"__1 _6\"></span>0 <span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _c4\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _150\"> </span>                     - Pr<span class=\"__1 _6\"></span>\u00e9s<span class=\"__1 _6\"></span>tamos<span class=\"__1 _6\"></span> b<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>os         39<span class=\"__1 _6\"></span>0.50<span class=\"__1 _6\"></span>0 <span class=\"__1 _c9\"> </span>         3<span class=\"__1 _6\"></span>60<span class=\"__1 _6\"></span>.500<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>           82<span class=\"__1 _6\"></span>.44<span class=\"__1 _6\"></span>4 <span class=\"__1 _bd\"> </span>           7<span class=\"__1 _6\"></span>5.61<span class=\"__1 _6\"></span>0 <span class=\"__1 _cd\"> </span>           7<span class=\"__1 _6\"></span>8.82<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>           67<span class=\"__1 _6\"></span>.301<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>           5<span class=\"__1 _6\"></span>6.31<span class=\"__1 _6\"></span>6 <span class=\"__1 _c9\"> </span>         27<span class=\"__1 _6\"></span>8.05<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span>Cos<span class=\"__1 _6\"></span>tes <span class=\"__1 _6\"></span>de e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>truc<span class=\"__1 _6\"></span>tura<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3n                     -   <span class=\"__1 _bf\"></span>               (90<span class=\"__1 _6\"></span>2)<span class=\"__1 _cd\"> </span>               (2<span class=\"__1 _6\"></span>85<span class=\"__1 _6\"></span>)<span class=\"__1 _bd\"> </span>               (26<span class=\"__1 _6\"></span>1)<span class=\"__1 _cd\"> </span>               (1<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>4)<span class=\"__1 _cd\"> </span>               (1<span class=\"__1 _6\"></span>06<span class=\"__1 _6\"></span>)<span class=\"__1 _150\"> </span>                  (6<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>               (61<span class=\"__1 _6\"></span>6)<span class=\"__1 _1bc\"> </span>Deuda<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> po<span class=\"__1 _6\"></span>r i<span class=\"__1 _8\"></span>ntere<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>, cu<span class=\"__1 _6\"></span>p\u00f3n y<span class=\"__1 _6\"></span> otros                     -   <span class=\"__1 _70\"></span>              2<span class=\"__1 _6\"></span>.303<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>              2<span class=\"__1 _6\"></span>.303<span class=\"__1 _6\"></span> <span class=\"__1 _178\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -          57<span class=\"__1 _6\"></span>3.54<span class=\"__1 _6\"></span>7 <span class=\"__1 _c9\"> </span>         41<span class=\"__1 _6\"></span>4.94<span class=\"__1 _6\"></span>8 <span class=\"__1 _c9\"> </span>         13<span class=\"__1 _6\"></span>7.50<span class=\"__1 _6\"></span>9 <span class=\"__1 _b7\"> </span>           75.34<span class=\"__1 _6\"></span>9 <span class=\"__1 _cd\"> </span>           7<span class=\"__1 _6\"></span>8.64<span class=\"__1 _6\"></span>5 <span class=\"__1 _cd\"> </span>           6<span class=\"__1 _6\"></span>7.19<span class=\"__1 _6\"></span>5 <span class=\"__1 _cd\"> </span>           5<span class=\"__1 _6\"></span>6.25<span class=\"__1 _6\"></span>1 <span class=\"__1 _cd\"> </span>         2<span class=\"__1 _6\"></span>77<span class=\"__1 _6\"></span>.440<span class=\"__1 _1bc\"> </span>euda<span class=\"__1 _6\"></span> fi<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>era<span class=\"__1 _6\"></span> Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o REN<span class=\"__1 _5\"></span>OVA<span class=\"__1 _5\"></span>BL<span class=\"__1 _5\"></span>ES -<span class=\"__1 _1bc\"> </span>Obl<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ga<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> em<span class=\"__1 _5\"></span>i<span class=\"__1 _6\"></span>ti<span class=\"__1 _8\"></span>da<span class=\"__1 _6\"></span>s           79<span class=\"__1 _6\"></span>.000<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>           79<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>0 <span class=\"__1 _cc\"> </span>                     -   <span class=\"__1 _c5\"> </span>           79.00<span class=\"__1 _6\"></span>0 <span class=\"__1 _cc\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _cb\"> </span>           7<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>.000<span class=\"__1 _1bc\"> </span>L\u00edne<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span> de cr<span class=\"__1 _6\"></span>\u00e9<span class=\"__1 _5\"></span>di<span class=\"__1 _8\"></span>to \u2013<span class=\"__1 _70\"></span> r<span class=\"__1 _6\"></span>evol<span class=\"__1 _8\"></span>vi<span class=\"__1 _6\"></span>ng           20<span class=\"__1 _6\"></span>.000<span class=\"__1 _6\"></span> <span class=\"__1 _cc\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _145\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _d1\"> </span>                     - Pr<span class=\"__1 _6\"></span>\u00e9s<span class=\"__1 _6\"></span>tamos<span class=\"__1 _6\"></span> b<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>os           43<span class=\"__1 _6\"></span>.983<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>           43<span class=\"__1 _6\"></span>.98<span class=\"__1 _6\"></span>3 <span class=\"__1 _c1\"> </span>           33.73<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span> <span class=\"__1 _b7\"> </span>           1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.250<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _c9\"> </span>           10.25<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span>Cos<span class=\"__1 _6\"></span>tes <span class=\"__1 _6\"></span>de e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>truc<span class=\"__1 _6\"></span>tura<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3n                     -   <span class=\"__1 _4\"> </span>               (515<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>               (18<span class=\"__1 _6\"></span>0)<span class=\"__1 _bd\"> </span>               (33<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>)<span class=\"__1 _cc\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -                   (3<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>5)<span class=\"__1 _1bc\"> </span>Deuda<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> po<span class=\"__1 _6\"></span>r i<span class=\"__1 _8\"></span>ntere<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>, cu<span class=\"__1 _6\"></span>p\u00f3n y<span class=\"__1 _6\"></span> otros                     -                       48<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                   48<span class=\"__1 _6\"></span> <span class=\"__1 _a8\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _d1\"> </span>                     - 14<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.983<span class=\"__1 _ab\"> </span>12<span class=\"__1 _6\"></span>2.51<span class=\"__1 _6\"></span>6<span class=\"__1 _125\"> </span>3<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.601<span class=\"__1 _16\"> </span>88<span class=\"__1 _6\"></span>.915<span class=\"__1 _aa\"> </span><span class=\"ff4 ls7b\">                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _bf\"></span><span class=\"ff3_1\">           88<span class=\"__1 _6\"></span>.915<span class=\"__1 _1bc\"> </span></span></span>71<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.530<span class=\"__1 _ab\"> </span>53<span class=\"__1 _6\"></span>7.46<span class=\"__1 _6\"></span>4<span class=\"__1 _20\"> </span>1<span class=\"__1 _6\"></span>71<span class=\"__1 _6\"></span>.11<span class=\"__1 _6\"></span>0<span class=\"__1 _10c\"> </span>16<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>.264<span class=\"__1 _80\"> </span>78<span class=\"__1 _6\"></span>.64<span class=\"__1 _6\"></span>5<span class=\"__1 _125\"> </span>6<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>19<span class=\"__1 _6\"></span>5<span class=\"__1 _80\"> </span>56<span class=\"__1 _6\"></span>.251<span class=\"__1 _ab\"> </span>36<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.355<span class=\"__1 _1bc\"> </span>Ve<span class=\"__1 _70\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>mi<span class=\"__1 _6\"></span>ent<span class=\"__1 _5\"></span>o en e<span class=\"__1 _5\"></span>l<span class=\"__1 _6\"></span> a<span class=\"__1 _8\"></span>\u00f1o<span class=\"__1 _1bc\"> </span>Cada <span class=\"__1 _8\"></span>negocio <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>financia <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>forma <span class=\"__1 _8\"></span>independiente <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>otro.<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>No <span class=\"__1 _8\"></span>hay <span class=\"__1 _8\"></span>recurso <span class=\"__1 _8\"></span>o <span class=\"__1 _8\"></span>gara<span class=\"__1 _6\"></span>nt\u00edas <span class=\"__1 _8\"></span>significativas <span class=\"__1 _8\"></span>entre<span class=\"__1 _1bc\"> </span>ambos.<span class=\"__1 _1bc\"> </span>Los <span class=\"__1 _8\"></span>pagos<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>intereses <span class=\"__1 _8\"></span>previstos <span class=\"__1 _4\"></span>a <span class=\"__1 _8\"></span>futuro <span class=\"__1 _8\"></span><span class=\"ff6\">asociad<span class=\"__1 _6\"></span>os <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>\u201cDeudas <span class=\"__1 _8\"></span>con <span class=\"__1 _8\"></span>entidades<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>cr\u00e9dito <span class=\"__1 _8\"></span>y<span class=\"__1 _6\"></span></span> <span class=\"__1 _8\"></span>mercado <span class=\"__1 _8\"></span>de<span class=\"__1 _1bc\"> </span>capitales\u201d <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c8\"></span>\u201cOtros <span class=\"__1 _c8\"></span>pasivos <span class=\"__1 _c8\"></span>financieros <span class=\"__1 _c8\"> </span>\u2013<span class=\"ff4\"> <span class=\"__1 _c8\"> </span></span>financiaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>organ<span class=\"__1 _6\"></span>ismos <span class=\"__1 _c8\"></span>p\u00fablicos\u201d, <span class=\"__1 _c8\"> </span>considerando <span class=\"__1 _c6\"> </span><span class=\"ff4\">los <span class=\"__1 _c8\"> </span>niveles <span class=\"__1 _c8\"> </span>de<span class=\"__1 _1bc\"> </span></span>endeudamiento <span class=\"__1 _c8\"> </span>y<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>tipos <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>in<span class=\"__1 _6\"></span>ter\u00e9s <span class=\"__1 _c8\"> </span>actuales<span class=\"__1 _6\"></span>, <span class=\"__1 _c8\"> </span>se <span class=\"__1 _c8\"> </span>situ<span class=\"__1 _6\"></span>ar\u00e1n <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c8\"> </span>el <span class=\"__1 _c8\"> </span>entorn<span class=\"__1 _6\"></span>o <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>los <span class=\"__1 _c8\"> </span>15<span class=\"__1 _6\"></span>-<span class=\"ff6\">18 <span class=\"__1 _c8\"> </span>millones <span class=\"__1 _c8\"> </span>\u20ac <span class=\"__1 _c6\"> </span></span>en <span class=\"__1 _c8\"> </span>ENCE<span class=\"__1 _1bc\"> </span>Celulosa y en el entorn<span class=\"__1 _6\"></span>o de los 6 <span class=\"__1 _6\"></span>- 8 <span class=\"ff6\">millones \u20ac</span> en EN<span class=\"__1 _6\"></span>CE Renovab<span class=\"__1 _6\"></span>les.<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _c8\"> </span>coste <span class=\"__1 _c8\"> </span>medio <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"></span>la <span class=\"__1 _c8\"></span>deuda <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>E<span class=\"__1 _6\"></span>NCE <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c8\"> </span>2023 <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c8\"> </span>2022 <span class=\"__1 _c8\"> </span>h<span class=\"__1 _6\"></span>a <span class=\"__1 _c8\"> </span>sido <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _c8\"></span>4,64% <span class=\"__1 _c8\"></span>y <span class=\"__1 _c8\"> </span>2,13%, <span class=\"__1 _c8\"> </span>respectivamente. <span class=\"__1 _c8\"> </span>Por<span class=\"__1 _1bc\"> </span>negocios, ENCE<span class=\"__1 _6\"></span> Celulosa ha t<span class=\"__1 _6\"></span>enido u<span class=\"__1 _6\"></span>n coste medio<span class=\"__1 _6\"></span> en dicho<span class=\"__1 _6\"></span>s periodos<span class=\"__1 _6\"></span> del 4,68% y 1,5<span class=\"__1 _6\"></span>5%, respectiva<span class=\"__1 _8\"></span>mente,<span class=\"__1 _1bc\"> </span>y el ENCE Renov<span class=\"__1 _6\"></span>ables del 4,51% y 4,03%, respectivam<span class=\"__1 _6\"></span>ente.<span class=\"__1 _1bc\"> </span>Al <span class=\"__1 _4\"></span>31 <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>diciembre <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>2023 <span class=\"__1 _4\"></span>ENCE <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>las <span class=\"__1 _4\"></span>empresas <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>Grupo <span class=\"__1 _4\"></span>cumplen <span class=\"__1 _4\"></span>\u00edntegramente <span class=\"__1 _4\"></span>con <span class=\"__1 _4\"></span>sus <span class=\"__1 _4\"></span>obligaciones<span class=\"__1 _1bc\"> </span>financieras <span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>cualquier <span class=\"__1 _6\"></span>otro <span class=\"__1 _6\"></span>tipo<span class=\"__1 _6\"></span>, <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>pudieran <span class=\"__1 _6\"></span>dar <span class=\"__1 _6\"></span>lugar <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>vencimiento <span class=\"__1 _6\"></span>anticipado <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>su<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>comp<span class=\"__1 _6\"></span>romisos<span class=\"__1 _1bc\"> </span>financieros. La <span class=\"__1 _c9\"> </span>financiaci\u00f3n <span class=\"__1 _c9\"> </span>de <span class=\"__1 _c9\"> </span>ENCE <span class=\"__1 _c9\"> </span>no <span class=\"__1 _cb\"> </span>est\u00e1 <span class=\"__1 _c9\"> </span>sujeta <span class=\"__1 _c9\"> </span>a <span class=\"__1 _c9\"> </span>ning\u00fan <span class=\"__1 _c9\"> </span>tipo <span class=\"__1 _cb\"> </span>de <span class=\"__1 _c9\"> </span>cl\u00e1usula <span class=\"__1 _c9\"> </span>que <span class=\"__1 _c9\"> </span>implique <span class=\"__1 _c9\"> </span>su <span class=\"__1 _c9\"> </span>modificaci\u00f3n <span class=\"__1 _cb\"> </span>o<span class=\"__1 _1bc\"> </span>renegociaci\u00f3n como cons<span class=\"__1 _6\"></span>ecuencia de un<span class=\"__1 _6\"></span>a variaci\u00f3n en la ca<span class=\"__1 _6\"></span>lificaci\u00f3n crediticia.<span class=\"__1 _1bc\"> </span>2022<span class=\"__1 _1bc\"> </span>Cor<span class=\"__1 _6\"></span>to pl<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>zo<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de E<span class=\"__1 _5\"></span>ur<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>L\u00edm<span class=\"__1 _70\"></span>i<span class=\"__1 _8\"></span>te<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>do<span class=\"__1 _1bc\"> </span>Di<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>pu<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span>to<span class=\"__1 _1bc\"> </span>2023<span class=\"__1 _f\"> </span>2024<span class=\"__1 _97\"> </span>2025<span class=\"__1 _4d\"> </span>2026<span class=\"__1 _1bc\"> </span>Tot<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span> Lar<span class=\"__1 _6\"></span>go<span class=\"__1 _1bc\"> </span>Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>zo<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _5\"></span>uda<span class=\"__1 _8\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>era<span class=\"__1 _6\"></span> Ne<span class=\"__1 _5\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span> CEL<span class=\"__1 _70\"></span>ULOSA<span class=\"__1 _5\"></span> -<span class=\"__1 _1bc\"> </span>Ob<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ga<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span> em<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>ti<span class=\"__1 _6\"></span>da<span class=\"__1 _6\"></span>s           63<span class=\"__1 _6\"></span>.300<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>           6<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.300<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>           6<span class=\"__1 _6\"></span>3.30<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _15d\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     - L\u00edne<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span> de cr<span class=\"__1 _6\"></span>\u00e9<span class=\"__1 _5\"></span>di<span class=\"__1 _8\"></span>to \u2013<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>revol<span class=\"__1 _8\"></span>vi<span class=\"__1 _8\"></span>ng         13<span class=\"__1 _6\"></span>0.00<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _bd\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _150\"> </span>                     - Pr<span class=\"__1 _6\"></span>\u00e9s<span class=\"__1 _6\"></span>tamos<span class=\"__1 _8\"></span> ba<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>ri<span class=\"__1 _8\"></span>os           95<span class=\"__1 _6\"></span>.000<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>           9<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.000<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>              7.50<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _a8\"> </span>           28<span class=\"__1 _6\"></span>.41<span class=\"__1 _6\"></span>4 <span class=\"__1 _ce\"> </span>           4<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.981<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>           1<span class=\"__1 _6\"></span>5.10<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>           87<span class=\"__1 _6\"></span>.50<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span>Cos<span class=\"__1 _8\"></span>te<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> de e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>truc<span class=\"__1 _6\"></span>tura<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3n                     -   <span class=\"__1 _bf\"></span>               (53<span class=\"__1 _6\"></span>9)<span class=\"__1 _b5\"> </span>                     -   <span class=\"__1 _aa\"> </span>               (30<span class=\"__1 _6\"></span>9)<span class=\"__1 _cf\"> </span>               (15<span class=\"__1 _6\"></span>4)<span class=\"__1 _cb\"> </span>                  (7<span class=\"__1 _6\"></span>6)<span class=\"__1 _cf\"> </span>               (53<span class=\"__1 _6\"></span>9)<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _5\"></span>uda<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> p<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>nte<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>, cup<span class=\"__1 _6\"></span>\u00f3n y o<span class=\"__1 _6\"></span>tros                     -   <span class=\"__1 _70\"></span>              1<span class=\"__1 _6\"></span>.186<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>              1.18<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span> <span class=\"__1 _15d\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -          28<span class=\"__1 _6\"></span>8.30<span class=\"__1 _6\"></span>0 <span class=\"__1 _cd\"> </span>         15<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>94<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>           7<span class=\"__1 _6\"></span>1.98<span class=\"__1 _6\"></span>6 <span class=\"__1 _a8\"> </span>           2<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>10<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>           43<span class=\"__1 _6\"></span>.827<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>           1<span class=\"__1 _6\"></span>5.02<span class=\"__1 _6\"></span>9 <span class=\"__1 _ce\"> </span>           8<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>96<span class=\"__1 _6\"></span>1<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _5\"></span>uda<span class=\"__1 _8\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>era<span class=\"__1 _6\"></span> Ne<span class=\"__1 _5\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span> EN<span class=\"__1 _70\"></span>ERGIA RE<span class=\"__1 _5\"></span>NOVA<span class=\"__1 _70\"></span>BLE<span class=\"__1 _70\"></span> -<span class=\"__1 _1bc\"> </span>Ob<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ga<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span> em<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>ti<span class=\"__1 _6\"></span>da<span class=\"__1 _6\"></span>s           79<span class=\"__1 _6\"></span>.000<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>           7<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>.000<span class=\"__1 _6\"></span> <span class=\"__1 _d1\"> </span>                     -   <span class=\"__1 _bd\"> </span>                     -               79<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>0 <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _c9\"> </span>           79<span class=\"__1 _6\"></span>.000<span class=\"__1 _1bc\"> </span>L\u00edne<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span> de cr<span class=\"__1 _6\"></span>\u00e9<span class=\"__1 _5\"></span>di<span class=\"__1 _8\"></span>to \u2013<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>revol<span class=\"__1 _8\"></span>vi<span class=\"__1 _8\"></span>ng           20<span class=\"__1 _6\"></span>.000<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _bd\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -  Pr<span class=\"__1 _6\"></span>\u00e9s<span class=\"__1 _6\"></span>tamos<span class=\"__1 _8\"></span> ba<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>ri<span class=\"__1 _8\"></span>os           71<span class=\"__1 _6\"></span>.050<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>           7<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.050<span class=\"__1 _6\"></span> <span class=\"__1 _179\"> </span>           27<span class=\"__1 _6\"></span>.067<span class=\"__1 _6\"></span> <span class=\"__1 _a8\"> </span>           3<span class=\"__1 _6\"></span>3.73<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>           1<span class=\"__1 _6\"></span>0.25<span class=\"__1 _6\"></span>0 <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _c9\"> </span>           4<span class=\"__1 _6\"></span>3.98<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>Cos<span class=\"__1 _8\"></span>te<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> de e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>truc<span class=\"__1 _6\"></span>tura<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3n                     -   <span class=\"__1 _8\"></span>            (1.09<span class=\"__1 _6\"></span>4)<span class=\"__1 _51\"> </span>                     -   <span class=\"__1 _aa\"> </span>               (949<span class=\"__1 _6\"></span>)<span class=\"__1 _ce\"> </span>               (1<span class=\"__1 _6\"></span>45<span class=\"__1 _6\"></span>)<span class=\"__1 _d1\"> </span>                     -   <span class=\"__1 _4\"> </span>            (1<span class=\"__1 _6\"></span>.094<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _5\"></span>uda<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> p<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>nte<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>, cup<span class=\"__1 _6\"></span>\u00f3n y o<span class=\"__1 _6\"></span>tros                     -                       23<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>                   2<span class=\"__1 _6\"></span>3 <span class=\"__1 _106\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -  17<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.050<span class=\"__1 _49\"> </span>1<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>97<span class=\"__1 _6\"></span>9<span class=\"__1 _117\"> </span>2<span class=\"__1 _6\"></span>7.09<span class=\"__1 _6\"></span>0<span class=\"__1 _99\"> </span>3<span class=\"__1 _6\"></span>2.78<span class=\"__1 _6\"></span>4<span class=\"__1 _117\"> </span>89<span class=\"__1 _6\"></span>.10<span class=\"__1 _6\"></span>5<span class=\"__1 _c1\"> </span><span class=\"ff4 ls7d\">                     -   <span class=\"__1 _33\"> </span></span>12<span class=\"__1 _6\"></span>1.88<span class=\"__1 _6\"></span>9<span class=\"__1 _1bc\"> </span>45<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.350<span class=\"__1 _49\"> </span>3<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>92<span class=\"__1 _6\"></span>6<span class=\"__1 _117\"> </span>9<span class=\"__1 _6\"></span>9.07<span class=\"__1 _6\"></span>6<span class=\"__1 _99\"> </span>6<span class=\"__1 _6\"></span>0.88<span class=\"__1 _6\"></span>9<span class=\"__1 _49\"> </span>1<span class=\"__1 _6\"></span>32<span class=\"__1 _6\"></span>.93<span class=\"__1 _6\"></span>2<span class=\"__1 _117\"> </span>15<span class=\"__1 _6\"></span>.02<span class=\"__1 _6\"></span>9<span class=\"__1 _49\"> </span>20<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.850<span class=\"__1 _1bc\"> </span>Ve<span class=\"__1 _70\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>mi<span class=\"__1 _6\"></span>ent<span class=\"__1 _5\"></span>o en e<span class=\"__1 _5\"></span>l<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>\u00f1o<span class=\"__1 _1bc\"> </span>Por <span class=\"__1 _4\"></span>otra <span class=\"__1 _4\"></span>p<span class=\"__1 _6\"></span>arte, <span class=\"__1 _c8\"></span>ENCE <span class=\"__1 _4\"></span>mantiene <span class=\"__1 _4\"></span>con<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>un <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>indicato <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>ban<span class=\"__1 _6\"></span>cos <span class=\"__1 _4\"></span>nacionales<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>e <span class=\"__1 _4\"></span>internacionales <span class=\"__1 _c8\"></span>un <span class=\"__1 _4\"></span>contrato <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span>cr\u00e9dito (revolving credit facility)<span class=\"__1 _6\"></span> por importe de 130 millones de euros y vencimiento en <span class=\"__1 _5\"></span>2026. Esta l\u00ednea de<span class=\"__1 _1bc\"> </span>cr\u00e9dito <span class=\"__1 _c6\"> </span>devenga <span class=\"__1 _c6\"> </span>un <span class=\"__1 _c6\"> </span>tip<span class=\"__1 _6\"></span>o <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>inter\u00e9s <span class=\"__1 _c6\"> </span>referenciado <span class=\"__1 _c6\"> </span>al <span class=\"__1 _c6\"> </span>Eu<span class=\"__1 _6\"></span>ribor. <span class=\"__1 _c6\"> </span>El <span class=\"__1 _c6\"> </span>tipo <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>inter\u00e9s <span class=\"__1 _ca\"> </span>establecido <span class=\"__1 _c6\"> </span>podr\u00e1 <span class=\"__1 _c6\"> </span>v<span class=\"__1 _6\"></span>erse<span class=\"__1 _1bc\"> </span>modificado <span class=\"__1 _ca\"> </span>anualmente  en <span class=\"__1 _c6\"> </span>2<span class=\"__1 _6\"></span>5 <span class=\"__1 _ca\"> </span>puntos  b\u00e1sicos  en <span class=\"__1 _c6\"> </span>funci\u00f3n  del <span class=\"__1 _c6\"> </span>rating  de <span class=\"__1 _c6\"> </span>sostenibilidad  medioambiental<span class=\"__1 _1bc\"> </span>Sustainalytics obtenido por <span class=\"__1 _70\"></span>ENCE, que eval\u00faa <span class=\"__1 _70\"></span>dicha deuda <span class=\"__1 _5\"></span>como \u201cfinanciaci\u00f3n verde\u201d.<span class=\"ff4\"> Esta f<span class=\"__1 _5\"></span>inanciaci\u00f3n est\u00e1<span class=\"__1 _1bc\"> </span></span>en su totalida<span class=\"__1 _6\"></span>d disponible al 31 <span class=\"__1 _6\"></span>de diciembre de 2023.<span class=\"__1 _1bc\"> </span>Pr\u00e9stamos<span class=\"__1 _1bc\"> </span>Durante <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>ejercicio <span class=\"__1 _8\"></span>2023 <span class=\"__1 _8\"></span>ENCE <span class=\"__1 _8\"></span>ha <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>uscrito <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>iversos <span class=\"__1 _8\"></span>pr\u00e9stamos <span class=\"__1 _6\"></span>po<span class=\"__1 _6\"></span>r <span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>n <span class=\"__1 _8\"></span><span class=\"ff6\">importe <span class=\"__1 _8\"></span>total <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>273 <span class=\"__1 _8\"></span>millones <span class=\"__1 _8\"></span>\u20ac. <span class=\"__1 _6\"></span>De<span class=\"__1 _1bc\"> </span></span>este <span class=\"__1 _6\"></span>modo<span class=\"__1 _6\"></span>, <span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>l <span class=\"__1 _8\"></span>31 <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>iciembre <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>2023, <span class=\"__1 _8\"></span><span class=\"ff6\">y <span class=\"__1 _8\"></span>tras <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>amortiza<span class=\"__1 _6\"></span>ci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>7,5 <span class=\"__1 _6\"></span>millon<span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>\u20ac, <span class=\"__1 _4\"></span></span>ENCE <span class=\"__1 _8\"></span>mantiene <span class=\"__1 _8\"></span>suscritos<span class=\"__1 _1bc\"> </span>pr\u00e9stamos <span class=\"__1 _c8\"> </span>por <span class=\"__1 _c8\"> </span>un <span class=\"__1 _c8\"> </span>importe <span class=\"__1 _c8\"></span>conjunto <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"> </span>360,5 <span class=\"__1 _c8\"> </span>millones <span class=\"__1 _c8\"> </span><span class=\"ff6 ls12\">\u20ac <span class=\"__1 _c8\"></span></span>y <span class=\"__1 _c8\"></span>vencimientos <span class=\"__1 _c8\"></span>en <span class=\"__1 _4\"></span>202<span class=\"__1 _6\"></span>4-2030 <span class=\"__1 _c8\"> </span>(95 <span class=\"__1 _c8\"></span>millones <span class=\"__1 _c8\"> </span><span class=\"ff6 ls12\">\u20ac <span class=\"__1 _c8\"> </span></span><span class=\"ls16\">y<span class=\"__1 _1bc\"> </span></span>vencimientos en 202<span class=\"__1 _6\"></span>3-<span class=\"ls5c\">20</span>26 al 31 de diciembre de 2022)<span class=\"__1 _6\"></span><span class=\"ls17\">. </span>Una <span class=\"__1 _6\"></span>parte <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>pr\u00e9stamos <span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>on <span class=\"__1 _6\"></span>un <span class=\"__1 _8\"></span>nominal <span class=\"__1 _6\"></span>de <span class=\"__1 _4\"></span>29,5 <span class=\"__1 _6\"></span>millones <span class=\"__1 _8\"></span><span class=\"ff6 ls12\">\u20ac <span class=\"__1 _6\"></span></span>devenga <span class=\"__1 _8\"></span>un <span class=\"__1 _6\"></span>tipo <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>in<span class=\"__1 _6\"></span>ter\u00e9s <span class=\"__1 _6\"></span>fijo <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>rango<span class=\"__1 _1bc\"> </span>1,95%-4,6%. <span class=\"__1 _cb\"> </span>El <span class=\"__1 _c9\"> </span>importe <span class=\"__1 _cb\"> </span>restante <span class=\"__1 _cb\"> </span>devenga <span class=\"__1 _c9\"> </span>intereses, <span class=\"__1 _cb\"> </span>principa<span class=\"__1 _6\"></span>lmente <span class=\"__1 _cb\"> </span>referenciados <span class=\"__1 _c9\"> </span>al <span class=\"__1 _cb\"> </span>Euribor <span class=\"__1 _c9\"> </span>m\u00e1s <span class=\"__1 _cb\"> </span>un<span class=\"__1 _1bc\"> </span>diferencial <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>1,35%-2,0%. <span class=\"__1 _8\"></span>El<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>tip<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>inter<span class=\"__1 _6\"></span>\u00e9s <span class=\"__1 _8\"></span>establecido <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>76<span class=\"__1 _6\"></span>% <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>contratos<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>suscritos <span class=\"__1 _8\"></span>podr\u00e1 <span class=\"__1 _8\"></span>verse<span class=\"__1 _1bc\"> </span>modificado  anualmente  en  25 <span class=\"__1 _c6\"> </span>p<span class=\"__1 _6\"></span>untos  b\u00e1sicos  en  funci\u00f3n <span class=\"__1 _ca\"> </span>del  rating <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>e  sostenibilidad  medioambiental<span class=\"__1 _1bc\"> </span>Sustainalytics<span class=\"__1 _6\"></span> obtenido por <span class=\"__1 _6\"></span><span class=\"ff6\">ENCE, que eval\u00faa <span class=\"__1 _6\"></span>dicha deuda como \u201c<span class=\"__1 _6\"></span>financiaci\u00f3n verde\u201d.<span class=\"__1 _1bc\"> </span></span>Al objeto de cubrir e<span class=\"__1 _5\"></span>l riesgo derivado de <span class=\"__1 _5\"></span>la contrataci\u00f3n de <span class=\"__1 _5\"></span>esta financiaci\u00f3n a tipo de <span class=\"__1 _5\"></span>inter\u00e9s variable, ENCE<span class=\"__1 _1bc\"> </span>ha suscrito swaps de tipo de <span class=\"__1 _5\"></span>inter\u00e9s que cubren el <span class=\"ls12\">53</span>% de la financiaci\u00f3n dispuesta a tipo <span class=\"__1 _5\"></span>variable, a un tipo<span class=\"__1 _1bc\"> </span>fijo medio de 3,32% (v\u00e9ase N<span class=\"__1 _6\"></span>ota 30)<span class=\"__1 _6\"></span>. <span class=\"ff3_1\">Otra financiaci\u00f3n<span class=\"__1 _1bc\"> </span></span>El <span class=\"__1 _5\"></span>9 <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>octubre de <span class=\"__1 _70\"></span>2023 <span class=\"__1 _5\"></span>ENCE <span class=\"__1 _5\"></span>ha <span class=\"__1 _5\"></span>incorporado un<span class=\"__1 _5\"></span> <span class=\"__1 _5\"></span>programa <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>emisi\u00f3n de <span class=\"__1 _70\"></span>pagar\u00e9s<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>sos<span class=\"__1 _6\"></span>tenibles <span class=\"__1 _70\"></span>en el <span class=\"__1 _70\"></span>Mercado<span class=\"__1 _1bc\"> </span>Alternativo de <span class=\"__1 _70\"></span>Renta Fija <span class=\"__1 _70\"></span>(MARF) con <span class=\"__1 _70\"></span>un l\u00edmite <span class=\"__1 _70\"></span><span class=\"ff6\">m\u00e1xi<span class=\"__1 _6\"></span>mo <span class=\"__1 _5\"></span>de <span class=\"__1 _5\"></span>200 <span class=\"__1 _5\"></span>millones \u20ac <span class=\"__1 _70\"></span>y vencimie<span class=\"__1 _5\"></span>nto<span class=\"ff4\">s<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>h<span class=\"__1 _6\"></span>asta 24 <span class=\"__1 _70\"></span>meses.<span class=\"__1 _1bc\"> </span></span></span>El sald<span class=\"__1 _6\"></span>o de <span class=\"__1 _6\"></span>pagar\u00e9s <span class=\"__1 _6\"></span>emitidos <span class=\"__1 _6\"></span>pendientes <span class=\"__1 _6\"></span>de recomp<span class=\"__1 _6\"></span>ra al <span class=\"__1 _6\"></span>31 <span class=\"__1 _6\"></span>de d<span class=\"__1 _6\"></span>iciembre d<span class=\"__1 _6\"></span>e 2023 <span class=\"__1 _6\"></span>ascien<span class=\"__1 _6\"></span>de a <span class=\"__1 _6\"></span>53,4 <span class=\"__1 _6\"></span>millones<span class=\"__1 _1bc\"> </span>\u20ac y <span class=\"ff4\">presenta s<span class=\"__1 _6\"></span>u vencimiento en el primer se<span class=\"__1 _6\"></span>mestre de 2024.<span class=\"__1 _1bc\"> </span></span>Financiaci\u00f3n ENCE <span class=\"__1 _5\"></span>Renovab<span class=\"__1 _5\"></span>les<span class=\"__1 _1bc\"> </span>Financiaci\u00f3n corpo<span class=\"__1 _6\"></span>rativa<span class=\"__1 _1bc\"> </span>Con <span class=\"__1 _4\"></span>fecha <span class=\"__1 _4\"></span>24 <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>noviembre <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>2017, <span class=\"__1 _4\"></span><span class=\"ff6\">Magnon <span class=\"__1 _4\"></span>Green <span class=\"__1 _4\"></span>Energy, <span class=\"__1 _4\"></span>S.L. <span class=\"__1 _4\"></span>(en <span class=\"__1 _8\"></span>ad<span class=\"__1 _6\"></span>elante <span class=\"__1 _4\"></span>\u201cMAGNON\u201d), <span class=\"__1 _4\"></span>holding <span class=\"__1 _4\"></span>del<span class=\"__1 _1bc\"> </span></span>negocio <span class=\"__1 _c8\"> </span>en<span class=\"__1 _6\"></span>erg\u00e9tico <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"> </span>ENCE<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>suscribi\u00f3 <span class=\"__1 _c6\"> </span>con <span class=\"__1 _c6\"> </span>un <span class=\"__1 _c6\"> </span>sindicato <span class=\"__1 _c6\"> </span>formado <span class=\"__1 _c8\"> </span>por <span class=\"__1 _c6\"> </span>doce <span class=\"__1 _c6\"> </span>entidad<span class=\"__1 _6\"></span>es <span class=\"__1 _c8\"> </span>fin<span class=\"__1 _6\"></span>ancieras <span class=\"__1 _c6\"> </span>y <span class=\"__1 _c8\"> </span>un<span class=\"__1 _6\"></span>a<span class=\"__1 _1bc\"> </span>compa\u00f1\u00eda de <span class=\"__1 _5\"></span>seguros espa\u00f1ola un <span class=\"__1 _5\"></span>contrato de pr\u00e9stamo <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>enior, estructurado inicialmente <span class=\"__1 _70\"></span>en 4 tramos<span class=\"__1 _6\"></span>, por<span class=\"__1 _1bc\"> </span>un <span class=\"__1 _70\"></span>importe disponible <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>170 <span class=\"__1 _70\"></span>millones, y <span class=\"__1 _70\"></span>llev\u00f3 <span class=\"__1 _70\"></span>a <span class=\"__1 _5\"></span>cabo <span class=\"__1 _70\"></span>una <span class=\"__1 _5\"></span>colocaci\u00f3n <span class=\"__1 _70\"></span>privad<span class=\"__1 _6\"></span>a <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>obligaciones <span class=\"__1 _70\"></span>por un <span class=\"__1 _70\"></span>importe<span class=\"__1 _1bc\"> </span>de 50 millones de euros<span class=\"__1 _6\"></span> que fueron s<span class=\"__1 _6\"></span>uscritas por un fon<span class=\"__1 _6\"></span>do de deuda. Con fecha <span class=\"__1 _6\"></span>8 de <span class=\"__1 _6\"></span>noviembre <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>2018, Magnon <span class=\"__1 _6\"></span>Green <span class=\"__1 _6\"></span>Energy, S.L.,<span class=\"__1 _6\"></span> su<span class=\"__1 _6\"></span>scribi<span class=\"__1 _6\"></span>\u00f3 <span class=\"__1 _6\"></span>una <span class=\"__1 _6\"></span>ampliaci\u00f3n de <span class=\"__1 _6\"></span>este contra<span class=\"__1 _6\"></span>to<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _5\"></span>pr\u00e9stamo <span class=\"__1 _5\"></span>senior por <span class=\"__1 _70\"></span>un <span class=\"__1 _5\"></span>importe <span class=\"__1 _5\"></span>disponible de <span class=\"__1 _70\"></span>17 <span class=\"__1 _5\"></span>millones <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>euro<span class=\"__1 _6\"></span>s <span class=\"__1 _70\"></span>y llev\u00f3 <span class=\"__1 _70\"></span>a cabo <span class=\"__1 _70\"></span>una colocaci\u00f3n <span class=\"__1 _70\"></span>privada<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _6\"></span>obligaciones <span class=\"__1 _8\"></span>por <span class=\"__1 _6\"></span>un <span class=\"__1 _8\"></span>importe <span class=\"__1 _6\"></span>ad<span class=\"__1 _6\"></span>icional <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>43 <span class=\"__1 _6\"></span>millon<span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>euro<span class=\"__1 _6\"></span>s <span class=\"__1 _6\"></span>que <span class=\"__1 _8\"></span>fueron <span class=\"__1 _6\"></span>sus<span class=\"__1 _6\"></span>critos <span class=\"__1 _6\"></span>por <span class=\"__1 _8\"></span>dos <span class=\"__1 _6\"></span>fon<span class=\"__1 _6\"></span>dos <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span>deuda.  El detalle de estas finan<span class=\"__1 _6\"></span>ciaciones se describ<span class=\"__1 _6\"></span>e a continuaci\u00f3n:<span class=\"__1 _1bc\"> </span>(i)<span class=\"fs1_1 ls0_1\">  <span class=\"__1 _a8\"> </span>Euribor 6 <span class=\"__1 _5\"></span>meses m\u00e1s <span class=\"__1 _70\"></span>dif<span class=\"__1 _6\"></span>erencial descrito. <span class=\"__1 _5\"></span>En los <span class=\"__1 _5\"></span>tramos bancarios, <span class=\"__1 _70\"></span>el tipo es <span class=\"__1 _70\"></span>variabl<span class=\"__1 _6\"></span>e en<span class=\"__1 _5\"></span> funci\u00f3n de<span class=\"__1 _5\"></span>l ratio de<span class=\"__1 _1bc\"> </span></span>endeudamiento (Deuda Neta / EBITDA del negocio ENERG\u00cdA Renovable, <span class=\"__1 _6\"></span>seg\u00fan definiciones recogidas en el<span class=\"__1 _1bc\"> </span>contrato de financiaci\u00f3n).<span class=\"__1 _1bc\"> </span>(ii)  <span class=\"__1 _b7\"> </span>Vencimiento \u00edntegro (bullet) en la fecha indi<span class=\"__1 _5\"></span>cada.<span class=\"__1 _1bc\"> </span>(iii)  <span class=\"__1 _51\"> </span>Ha financiado la construcci\u00f3n de Huelva 46 MW. (iv) <span class=\"__1 _b7\"> </span>Estas obligaciones est\u00e1n admitidas a cotizaci\u00f3n en la bolsa de valores de Frankfurt (Freiverkehr).<span class=\"__1 _1bc\"> </span>(v) <span class=\"__1 _124\"> </span>Ha f<span class=\"__1 _6\"></span>inanciado la construcci\u00f3n de<span class=\"__1 _5\"></span> Puertollano 50 MW.<span class=\"__1 _1bc\"> </span>MAGNON <span class=\"__1 _8\"></span>realiz\u00f3 <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>ejercicio <span class=\"__1 _8\"></span>2022 <span class=\"__1 _8\"></span>recompras <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>Obligaciones<span class=\"__1 _6\"></span>/Notas <span class=\"__1 _8\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _6\"></span>ten\u00edan<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>un<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>ominal <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>14.00<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span>miles \u20ac por un importe d<span class=\"__1 _6\"></span>e 14.300 miles \u20ac. Esta financiaci\u00f3n<span class=\"__1 _6\"></span> incluye como principa<span class=\"__1 _6\"></span>les garant\u00edas prenda sob<span class=\"__1 _6\"></span>re las acciones de las sociedades del Grupo<span class=\"__1 _1bc\"> </span>que <span class=\"__1 _4\"></span>desarro<span class=\"__1 _6\"></span>llan <span class=\"__1 _4\"></span>su <span class=\"__1 _c8\"></span>actividad <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _c8\"></span>negocio <span class=\"__1 _4\"></span>ENERG\u00cdA <span class=\"__1 _c8\"></span>Renovable, <span class=\"__1 _c8\"></span>sobre <span class=\"__1 _4\"></span>sus<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>activos <span class=\"__1 _4\"></span>y <span class=\"__1 _c8\"></span>derechos <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>cob<span class=\"__1 _6\"></span>ro,<span class=\"__1 _1bc\"> </span>actuales y futu<span class=\"__1 _6\"></span>ros. Asimismo, <span class=\"__1 _6\"></span>esta <span class=\"__1 _8\"></span>financiaci\u00f3n <span class=\"__1 _6\"></span>incluy<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>determinadas <span class=\"__1 _8\"></span>obligaciones<span class=\"__1 _6\"></span>, <span class=\"__1 _8\"></span>habituales <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>te <span class=\"__1 _6\"></span>tipo <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>finan<span class=\"__1 _6\"></span>ciaci\u00f3n; <span class=\"__1 _6\"></span>el<span class=\"__1 _1bc\"> </span>suministro <span class=\"__1 _d1\"> </span>de <span class=\"__1 _cc\"> </span>determinada <span class=\"__1 _cc\"> </span>informaci\u00f3n <span class=\"__1 _d1\"> </span>de <span class=\"__1 _cc\"> </span>car\u00e1cter <span class=\"__1 _cc\"> </span>operativo<span class=\"__1 _6\"></span> <span class=\"__1 _cc\"> </span>y <span class=\"__1 _cc\"> </span>financiera, <span class=\"__1 _d1\"> </span>el <span class=\"__1 _cf\"> </span>cumplimi<span class=\"__1 _6\"></span>ento <span class=\"__1 _cc\"> </span>de<span class=\"__1 _1bc\"> </span>determinados <span class=\"__1 _6\"></span>ra<span class=\"__1 _6\"></span>tios <span class=\"__1 _6\"></span>econ\u00f3mi<span class=\"__1 _6\"></span>cos <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>solvencia <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>rentabilidad, <span class=\"__1 _8\"></span>y <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>mantenimi<span class=\"__1 _6\"></span>ento <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>n <span class=\"__1 _6\"></span>volu<span class=\"__1 _6\"></span>men <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>sto<span class=\"__1 _6\"></span>ck<span class=\"__1 _1bc\"> </span>de biomasa (almacenes y contratos de suministro) equivalente al consumo de 3 <span class=\"__1 _5\"></span>meses. Se estima que al <span class=\"__1 _5\"></span>31<span class=\"__1 _1bc\"> </span>de diciembre de 2023 y<span class=\"__1 _6\"></span> 2022 se cumplen \u00edn<span class=\"__1 _6\"></span>tegramente dichas<span class=\"__1 _6\"></span> obligaciones. El acuerdo de finan<span class=\"__1 _6\"></span>ciaci\u00f3n est<span class=\"__1 _6\"></span>ablece una teso<span class=\"__1 _6\"></span>rer\u00eda m\u00ednima d<span class=\"__1 _6\"></span>isponible en el <span class=\"__1 _6\"></span>per\u00edmetro de <span class=\"__1 _6\"></span>la financiaci\u00f3n<span class=\"__1 _6\"></span> de<span class=\"__1 _1bc\"> </span>al <span class=\"__1 _6\"></span>menos <span class=\"__1 _6\"></span>30 <span class=\"__1 _6\"></span>millones <span class=\"__1 _6\"></span><span class=\"ff6\">\u20ac</span>, <span class=\"__1 _6\"></span>consider\u00e1n<span class=\"__1 _6\"></span>dose <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>tal <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>disponible <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>tramo <span class=\"__1 _6\"></span>4\u00ba, <span class=\"__1 _8\"></span>as\u00ed <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>cumplimiento <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span>Ti<span class=\"__1 _6\"></span>po<span class=\"__1 _6\"></span> de<span class=\"__1 _1bc\"> </span>Di<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>pon<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _f\"> </span>Di<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>pu<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>o<span class=\"__1 _e5\"> </span>Ve<span class=\"__1 _70\"></span>nc<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>m<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>nto<span class=\"__1 _100\"> </span>I<span class=\"__1 _8\"></span>nte<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>\u00e9<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span> (i<span class=\"__1 _8\"></span>)<span class=\"__1 _1bc\"> </span>Ob<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ga<span class=\"__1 _8\"></span>ci<span class=\"__1 _4\"></span>\u00f3n/N<span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span> (i<span class=\"__1 _8\"></span>v)<span class=\"__1 _35\"> </span><span class=\"ls7f\">                     36<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>0 <span class=\"__1 _c1\"> </span>                     36<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span></span>di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>-2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> (i<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>)<span class=\"__1 _1bc\"> </span>3,4<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>%<span class=\"__1 _1bc\"> </span>Tra<span class=\"__1 _8\"></span>m<span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span> 1<span class=\"__1 _6\"></span>\u00ba                        9.33<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                        9<span class=\"__1 _6\"></span>.33<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>-2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>4<span class=\"__1 _91\"> </span>1<span class=\"__1 _6\"></span>,75<span class=\"__1 _6\"></span>%-3,2<span class=\"__1 _6\"></span>5%<span class=\"__1 _1bc\"> </span>Tra<span class=\"__1 _8\"></span>m<span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span> 2<span class=\"__1 _6\"></span>\u00ba                        6.00<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                        6<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span>di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>-2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> (i<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>)<span class=\"__1 _1bc\"> </span>3,4<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>%<span class=\"__1 _1bc\"> </span>Tra<span class=\"__1 _8\"></span>m<span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span> 3<span class=\"__1 _6\"></span>\u00ba<span class=\"__1 _5\"></span> (i<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>)                     21<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _d1\"> </span>                     2<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span>di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>-2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>4<span class=\"__1 _91\"> </span>1<span class=\"__1 _6\"></span>,75<span class=\"__1 _6\"></span>%-3,2<span class=\"__1 _6\"></span>5%<span class=\"__1 _1bc\"> </span>Tra<span class=\"__1 _8\"></span>m<span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span> 4<span class=\"__1 _6\"></span>\u00ba                     20<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _d0\"> </span>                               -  di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>-2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>4<span class=\"__1 _91\"> </span>1<span class=\"__1 _6\"></span>,25<span class=\"__1 _6\"></span>%-2,7<span class=\"__1 _6\"></span>5%<span class=\"__1 _1bc\"> </span>Ob<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ga<span class=\"__1 _8\"></span>ci<span class=\"__1 _4\"></span>\u00f3n/N<span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span> (i<span class=\"__1 _8\"></span>v) y <span class=\"__1 _6\"></span>(v)<span class=\"__1 _80\"> </span><span class=\"ls7f\">                     4<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.000<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>                     43<span class=\"__1 _6\"></span>.000<span class=\"__1 _1bc\"> </span></span>di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>-2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> (i<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>)<span class=\"__1 _1bc\"> </span>3,4<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>%<span class=\"__1 _1bc\"> </span>Tra<span class=\"__1 _8\"></span>m<span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span> 5<span class=\"__1 _6\"></span>\u00ba<span class=\"__1 _5\"></span> (v)                        7.65<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                        7<span class=\"__1 _6\"></span>.65<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span>di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>-2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>5<span class=\"__1 _91\"> </span>1<span class=\"__1 _6\"></span>,75<span class=\"__1 _6\"></span>%-3,2<span class=\"__1 _6\"></span>5%                   14<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>98<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span> <span class=\"__1 _cc\"> </span>                   12<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>98<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span> de<span class=\"__1 _5\"></span> Euros<span class=\"__1 _1bc\"> </span>determinados <span class=\"__1 _4\"></span>ratios <span class=\"__1 _4\"></span>ligados <span class=\"__1 _8\"></span>al <span class=\"__1 _4\"></span>endeudamiento, <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>situaci\u00f3n <span class=\"__1 _4\"></span>patrimonial <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>capacidad <span class=\"__1 _4\"></span>de<span class=\"__1 _5\"></span> <span class=\"__1 _4\"></span>ge<span class=\"__1 _5\"></span>neraci\u00f3n <span class=\"__1 _4\"></span>de<span class=\"__1 _1bc\"> </span>caja del negocio, para <span class=\"__1 _6\"></span>poder llevar<span class=\"__1 _6\"></span> a cabo el reparto d<span class=\"__1 _6\"></span>e dividendos<span class=\"__1 _6\"></span> y la obtenci\u00f3n de n<span class=\"__1 _6\"></span>ueva financiaci\u00f3n.<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _70\"></span>importe <span class=\"__1 _5\"></span>de <span class=\"__1 _5\"></span>las <span class=\"__1 _70\"></span>comision<span class=\"__1 _6\"></span>es <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>estructu<span class=\"__1 _6\"></span>raci\u00f3n <span class=\"__1 _70\"></span>y otros <span class=\"__1 _70\"></span>gastos incurridos <span class=\"__1 _70\"></span>en <span class=\"__1 _70\"></span>la obtenci\u00f3n <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>esta <span class=\"__1 _70\"></span>finan<span class=\"__1 _6\"></span>ciaci\u00f3n<span class=\"__1 _1bc\"> </span>fue de 5.813 miles \u20ac.<span class=\"__1 _1bc\"> </span>Al <span class=\"__1 _4\"></span>objeto <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>cubrir <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>riesgo <span class=\"__1 _4\"></span>derivado <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>con<span class=\"__1 _6\"></span>trata<span class=\"__1 _6\"></span>ci\u00f3n <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>esta <span class=\"__1 _4\"></span>financiaci\u00f3n <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>tipo <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>inter\u00e9s <span class=\"__1 _4\"></span>variable,<span class=\"__1 _1bc\"> </span>MAGNON reestructu<span class=\"__1 _6\"></span>r\u00f3, en <span class=\"__1 _6\"></span>el momento <span class=\"__1 _6\"></span>de la <span class=\"__1 _6\"></span>contrataci\u00f3n de <span class=\"__1 _8\"></span>esta financiaci\u00f3n<span class=\"__1 _6\"></span>, los <span class=\"__1 _6\"></span>contratos d<span class=\"__1 _6\"></span>e cobertura<span class=\"__1 _1bc\"> </span>que <span class=\"__1 _4\"></span>ten\u00eda <span class=\"__1 _4\"></span>suscritos <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>marco <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>financiaci\u00f3n <span class=\"__1 _4\"></span>previa. <span class=\"__1 _4\"></span>Los <span class=\"__1 _4\"></span>nuevos <span class=\"__1 _4\"></span>IRS <span class=\"__1 _4\"></span>cubren <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>90% <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>finan<span class=\"__1 _6\"></span>cia<span class=\"__1 _8\"></span>ci\u00f3n<span class=\"__1 _1bc\"> </span>dispuesta a<span class=\"__1 _6\"></span> un tipo fijo medio de 1,22% (v\u00e9ase N<span class=\"__1 _6\"></span>ota 30).<span class=\"__1 _1bc\"> </span>En <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>marco <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>esta <span class=\"__1 _6\"></span>financiaci\u00f3<span class=\"__1 _6\"></span>n <span class=\"__1 _6\"></span>Standar<span class=\"__1 _6\"></span>d <span class=\"__1 _6\"></span>&amp; <span class=\"__1 _8\"></span>Poor\u00b4s <span class=\"__1 _6\"></span>otorg\u00f3<span class=\"__1 _8\"></span> <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>Magnon <span class=\"__1 _8\"></span>Green <span class=\"__1 _6\"></span>Energy, <span class=\"__1 _8\"></span>S.L. <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>evaluaci\u00f3n <span class=\"__1 _6\"></span>E<span class=\"__1 _6\"></span>1,<span class=\"__1 _1bc\"> </span>m\u00e1xima  calificaci\u00f3n  en  su  es<span class=\"__1 _6\"></span>cala  de  evaluaci\u00f3n  de  criterios  medioambientales,<span class=\"__1 _6\"></span>  consider\u00e1ndo<span class=\"__1 _8\"></span>se  dicha<span class=\"__1 _1bc\"> </span>financiaci\u00f3n como \u201cfinanciaci<span class=\"__1 _6\"></span>\u00f3n verde\u201d.<span class=\"__1 _1bc\"> </span>28.2<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Otros pasivos financieros<span class=\"__1 _1bc\"> </span></span></span>El <span class=\"__1 _70\"></span>detalle <span class=\"__1 _5\"></span>de <span class=\"__1 _5\"></span>este <span class=\"__1 _70\"></span>ep\u00edgraf<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>del Estado <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>Situaci\u00f3n Financiera <span class=\"__1 _70\"></span>Consolidad<span class=\"__1 _6\"></span>o <span class=\"__1 _70\"></span>al <span class=\"__1 _5\"></span>31 <span class=\"__1 _70\"></span>de<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>diciembr<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>de 2023 <span class=\"__1 _70\"></span>y <span class=\"__1 _70\"></span>2022<span class=\"__1 _1bc\"> </span>es el siguiente:<span class=\"__1 _1bc\"> </span>Cor<span class=\"__1 _6\"></span>to pl<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>zo<span class=\"__1 _1bc\"> </span>2023<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span> de Euros<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>Di<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>pues<span class=\"__1 _6\"></span>to<span class=\"__1 _1bc\"> </span>2024<span class=\"__1 _162\"> </span>2025<span class=\"__1 _117\"> </span>2026<span class=\"__1 _117\"> </span>2027<span class=\"__1 _117\"> </span>2028<span class=\"__1 _20\"> </span><span class=\"ls0_1\">Si<span class=\"__1 _6\"></span>gui<span class=\"__1 _8\"></span>ent<span class=\"__1 _5\"></span>es<span class=\"__1 _1bc\"> </span></span>Tot<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span> L<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>go<span class=\"__1 _1bc\"> </span>pl<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>zo<span class=\"__1 _1bc\"> </span>Otros<span class=\"__1 _8\"></span> pa<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>vos<span class=\"__1 _8\"></span> fi<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>ero<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> Ne<span class=\"__1 _5\"></span>goci<span class=\"__1 _8\"></span>o CELU<span class=\"__1 _70\"></span>LOSA -<span class=\"__1 _1bc\"> </span>Fi<span class=\"__1 _6\"></span>na<span class=\"__1 _8\"></span>nci<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>\u00f3<span class=\"__1 _6\"></span>n or<span class=\"__1 _6\"></span>ga<span class=\"__1 _6\"></span>ni<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>mos<span class=\"__1 _6\"></span> p\u00fab<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>co<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>42<span class=\"__1 _6\"></span>.88<span class=\"__1 _6\"></span>5             8.73<span class=\"__1 _6\"></span>7 <span class=\"__1 _7c\"> </span>             8.13<span class=\"__1 _6\"></span>0 <span class=\"__1 _cd\"> </span>             8.161<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>             6<span class=\"__1 _6\"></span>.305<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>             6<span class=\"__1 _6\"></span>.316<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>             5.23<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span>34<span class=\"__1 _6\"></span>.14<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span>Pa<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>vos<span class=\"__1 _8\"></span> por<span class=\"__1 _6\"></span> derecho d<span class=\"__1 _6\"></span>e us<span class=\"__1 _6\"></span>o (Nota 1<span class=\"__1 _6\"></span>7)           42<span class=\"__1 _6\"></span>.003<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>             4.00<span class=\"__1 _6\"></span>5 <span class=\"__1 _7c\"> </span>             3<span class=\"__1 _6\"></span>.791<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>             3<span class=\"__1 _6\"></span>.128<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>             2.66<span class=\"__1 _6\"></span>7 <span class=\"__1 _cd\"> </span>             1.570<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>           26<span class=\"__1 _6\"></span>.842<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>           3<span class=\"__1 _6\"></span>7.99<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span>84<span class=\"__1 _6\"></span>.888<span class=\"__1 _153\"> </span>1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.742<span class=\"__1 _2c\"> </span>11<span class=\"__1 _6\"></span>.921<span class=\"__1 _49\"> </span>11.289<span class=\"__1 _b\"> </span>8.97<span class=\"__1 _6\"></span>2<span class=\"__1 _14d\"> </span>7<span class=\"__1 _6\"></span>.886<span class=\"__1 _153\"> </span>3<span class=\"__1 _6\"></span>2.07<span class=\"__1 _6\"></span>8<span class=\"__1 _153\"> </span>7<span class=\"__1 _6\"></span>2.14<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span>Otros<span class=\"__1 _8\"></span> pa<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>vos<span class=\"__1 _8\"></span> fi<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>ero<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> Ne<span class=\"__1 _5\"></span>goci<span class=\"__1 _8\"></span>o REN<span class=\"__1 _5\"></span>OVAB<span class=\"__1 _5\"></span>LE<span class=\"__1 _70\"></span>S <span class=\"__1 _6\"></span>-<span class=\"__1 _1bc\"> </span>Pa<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>vos<span class=\"__1 _8\"></span> por<span class=\"__1 _6\"></span> derecho d<span class=\"__1 _6\"></span>e us<span class=\"__1 _6\"></span>o (Nota 1<span class=\"__1 _6\"></span>7)<span class=\"__1 _1bc\"> </span>2.83<span class=\"__1 _6\"></span>2             1.10<span class=\"__1 _6\"></span>2 <span class=\"__1 _7e\"> </span>                 66<span class=\"__1 _6\"></span>5 <span class=\"__1 _150\"> </span>                 5<span class=\"__1 _6\"></span>16<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>                 320<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>                 15<span class=\"__1 _6\"></span>2 <span class=\"__1 _cb\"> </span>                   7<span class=\"__1 _6\"></span>7<span class=\"__1 _1bc\"> </span>1.73<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span>2.83<span class=\"__1 _6\"></span>2<span class=\"__1 _14d\"> </span>1.10<span class=\"__1 _6\"></span>2<span class=\"__1 _dd\"> </span><span class=\"ls80\">665<span class=\"__1 _108\"> </span>516<span class=\"__1 _25\"> </span>320<span class=\"__1 _103\"> </span>152<span class=\"__1 _18\"> </span>77<span class=\"__1 _f9\"> </span></span>1.73<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span>87<span class=\"__1 _6\"></span>.720<span class=\"__1 _153\"> </span>1<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.844<span class=\"__1 _2c\"> </span>12<span class=\"__1 _6\"></span>.586<span class=\"__1 _49\"> </span>11.805<span class=\"__1 _b\"> </span>9.29<span class=\"__1 _6\"></span>2<span class=\"__1 _14d\"> </span>8<span class=\"__1 _6\"></span>.038<span class=\"__1 _153\"> </span>3<span class=\"__1 _6\"></span>2.15<span class=\"__1 _6\"></span>5<span class=\"__1 _153\"> </span>7<span class=\"__1 _6\"></span>3.87<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span>Ve<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>mi<span class=\"__1 _6\"></span>ent<span class=\"__1 _5\"></span>o en e<span class=\"__1 _5\"></span>l<span class=\"__1 _6\"></span> a<span class=\"__1 _6\"></span>\u00f1<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>2022<span class=\"__1 _1bc\"> </span>Cor<span class=\"__1 _6\"></span>to pl<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>zo<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span> de Euros<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>Di<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>pues<span class=\"__1 _6\"></span>to<span class=\"__1 _1bc\"> </span>2023<span class=\"__1 _15\"> </span>2024<span class=\"__1 _117\"> </span>2025<span class=\"__1 _67\"> </span>2026<span class=\"__1 _67\"> </span>2027<span class=\"__1 _110\"> </span><span class=\"ls0_1\">Si<span class=\"__1 _8\"></span>gui<span class=\"__1 _6\"></span>ente<span class=\"__1 _5\"></span>s<span class=\"__1 _1bc\"> </span></span>Tot<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span> L<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>go<span class=\"__1 _1bc\"> </span>pl<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>zo<span class=\"__1 _1bc\"> </span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> pa<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>os<span class=\"__1 _6\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>eros<span class=\"__1 _6\"></span> Neg<span class=\"__1 _5\"></span>oc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>o CELU<span class=\"__1 _5\"></span>LOSA<span class=\"__1 _5\"></span> -<span class=\"__1 _1bc\"> </span>Fi<span class=\"__1 _6\"></span>na<span class=\"__1 _8\"></span>nci<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n or<span class=\"__1 _6\"></span>ga<span class=\"__1 _6\"></span>ni<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>mos<span class=\"__1 _6\"></span> p\u00fab<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>co<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>49<span class=\"__1 _6\"></span>.97<span class=\"__1 _6\"></span>3<span class=\"__1 _14d\"> </span>8<span class=\"__1 _6\"></span>.34<span class=\"__1 _6\"></span>0<span class=\"__1 _129\"> </span>8.23<span class=\"__1 _6\"></span>4<span class=\"__1 _b\"> </span>8.1<span class=\"__1 _6\"></span>09<span class=\"__1 _b\"> </span>8<span class=\"__1 _6\"></span>.109<span class=\"__1 _b\"> </span>6<span class=\"__1 _6\"></span>.22<span class=\"__1 _6\"></span>1<span class=\"__1 _153\"> </span>1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.960<span class=\"__1 _49\"> </span>41<span class=\"__1 _6\"></span>.633<span class=\"__1 _1bc\"> </span>Pa<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>vos<span class=\"__1 _8\"></span> por<span class=\"__1 _6\"></span> derecho <span class=\"__1 _6\"></span>de us<span class=\"__1 _6\"></span>o (nota<span class=\"__1 _6\"></span> 1<span class=\"__1 _6\"></span>7)           37<span class=\"__1 _6\"></span>.603<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>             3<span class=\"__1 _6\"></span>.015<span class=\"__1 _6\"></span> <span class=\"__1 _113\"> </span>             2<span class=\"__1 _6\"></span>.508<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>             2<span class=\"__1 _6\"></span>.939<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>             1<span class=\"__1 _6\"></span>.830<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>             1.47<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>           25<span class=\"__1 _6\"></span>.832<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>           34<span class=\"__1 _6\"></span>.588<span class=\"__1 _1bc\"> </span>87<span class=\"__1 _6\"></span>.576<span class=\"__1 _49\"> </span>11.35<span class=\"__1 _6\"></span>5<span class=\"__1 _99\"> </span>1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.742<span class=\"__1 _49\"> </span>11.04<span class=\"__1 _6\"></span>8<span class=\"__1 _b\"> </span>9.93<span class=\"__1 _6\"></span>9<span class=\"__1 _b\"> </span>7.70<span class=\"__1 _6\"></span>0<span class=\"__1 _153\"> </span>3<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.792<span class=\"__1 _49\"> </span>76.22<span class=\"__1 _6\"></span>1<span class=\"__1 _1bc\"> </span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> pa<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>os<span class=\"__1 _6\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>eros<span class=\"__1 _6\"></span> Neg<span class=\"__1 _5\"></span>oc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>o ENE<span class=\"__1 _5\"></span>RGIA REN<span class=\"__1 _70\"></span>O<span class=\"__1 _6\"></span>VA<span class=\"__1 _70\"></span>BLE -<span class=\"__1 _1bc\"> </span>Pa<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>vos<span class=\"__1 _8\"></span> por<span class=\"__1 _6\"></span> derecho <span class=\"__1 _6\"></span>de us<span class=\"__1 _6\"></span>o (nota<span class=\"__1 _6\"></span> 1<span class=\"__1 _6\"></span>7)<span class=\"__1 _1bc\"> </span>1.69<span class=\"__1 _6\"></span>7<span class=\"__1 _25\"> </span><span class=\"ls82\">661<span class=\"__1 _35\"> </span>389<span class=\"__1 _25\"> </span>288<span class=\"__1 _108\"> </span>192<span class=\"__1 _18\"> </span>50<span class=\"__1 _25\"> </span>117<span class=\"__1 _14d\"> </span></span>1.03<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span>1.69<span class=\"__1 _6\"></span>7<span class=\"__1 _25\"> </span><span class=\"ls82\">661<span class=\"__1 _111\"> </span>389<span class=\"__1 _25\"> </span>288<span class=\"__1 _25\"> </span>192<span class=\"__1 _18\"> </span>50<span class=\"__1 _25\"> </span>117<span class=\"__1 _f9\"> </span></span>1<span class=\"__1 _6\"></span>.036<span class=\"__1 _1bc\"> </span>89<span class=\"__1 _6\"></span>.273<span class=\"__1 _49\"> </span>12.01<span class=\"__1 _6\"></span>6<span class=\"__1 _99\"> </span>1<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.131<span class=\"__1 _49\"> </span>11.33<span class=\"__1 _6\"></span>6<span class=\"__1 _153\"> </span>1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.131<span class=\"__1 _b\"> </span>7<span class=\"__1 _6\"></span>.750<span class=\"__1 _49\"> </span>36.90<span class=\"__1 _6\"></span>9<span class=\"__1 _153\"> </span>7<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.257<span class=\"__1 _1bc\"> </span>Ve<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>mi<span class=\"__1 _6\"></span>ent<span class=\"__1 _5\"></span>o en e<span class=\"__1 _5\"></span>l<span class=\"__1 _6\"></span> a<span class=\"__1 _6\"></span>\u00f1<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>La <span class=\"__1 _c8\"> </span>cuenta<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>\u201cFina<span class=\"__1 _6\"></span>nciaci\u00f3n <span class=\"__1 _c8\"> </span>o<span class=\"__1 _6\"></span>rganismos<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>p\u00fab<span class=\"__1 _6\"></span>licos\u201d <span class=\"__1 _c8\"> </span>corres<span class=\"__1 _6\"></span>ponde <span class=\"__1 _c8\"> </span>fund<span class=\"__1 _6\"></span>amentalmente <span class=\"__1 _c8\"> </span>a <span class=\"__1 _c6\"> </span>pr<span class=\"__1 _6\"></span>\u00e9stamos <span class=\"__1 _c6\"> </span>obtenidos,<span class=\"__1 _1bc\"> </span> normalmente <span class=\"__1 _c8\"> </span>a <span class=\"__1 _c8\"> </span>tip<span class=\"__1 _6\"></span>os <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"></span>inter\u00e9s <span class=\"__1 _c8\"></span>favorables, <span class=\"__1 _c8\"> </span>que <span class=\"__1 _c8\"> </span>financian <span class=\"__1 _c8\"> </span>pro<span class=\"__1 _6\"></span>yectos <span class=\"__1 _c8\"></span>para <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c8\"> </span>ampliaci\u00f3n <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c6\"> </span>mejora <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"> </span>la<span class=\"__1 _1bc\"> </span> capacidad productiv<span class=\"__1 _6\"></span>a de <span class=\"__1 _5\"></span>las biof\u00e1bricas de producci\u00f3n de celulosa, as\u00ed como el desarrollo de <span class=\"__1 _5\"></span>actividades de<span class=\"__1 _1bc\"> </span> I+D+i en <span class=\"__1 _6\"></span>EN<span class=\"__1 _6\"></span>CE. <span class=\"__1 _6\"></span>Su <span class=\"__1 _6\"></span>plazo <span class=\"__1 _6\"></span>de amortizaci\u00f3n <span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>10 <span class=\"__1 _6\"></span>a\u00f1os, <span class=\"__1 _6\"></span>con un <span class=\"__1 _6\"></span>periodo <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>carencia <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>3 a\u00f1<span class=\"__1 _6\"></span>os, y <span class=\"__1 _6\"></span>devengan<span class=\"__1 _1bc\"> </span> un tipo de in<span class=\"__1 _6\"></span>ter\u00e9s fijo que se sit\u00faa <span class=\"__1 _6\"></span>en el rango 1%-2,2<span class=\"__1 _6\"></span>9%.<span class=\"__1 _1bc\"> </span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-529": {
   "value": "28.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Deuda financiera<span class=\"__1 _1bc\"> </span></span></span>28.1<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Deudas con entidades de cr\u00e9d<span class=\"__1 _5\"></span>ito y mercado de<span class=\"__1 _5\"></span> capitales<span class=\"__1 _1bc\"> </span></span></span>La <span class=\"__1 _5\"></span>composici\u00f3n de <span class=\"__1 _70\"></span>las <span class=\"__1 _5\"></span>deudas <span class=\"__1 _70\"></span>con entidades <span class=\"__1 _5\"></span>de <span class=\"__1 _5\"></span>cr\u00e9dito <span class=\"__1 _5\"></span>al <span class=\"__1 _70\"></span>31 de <span class=\"__1 _70\"></span>diciembre <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>20<span class=\"__1 _6\"></span>23 <span class=\"__1 _5\"></span>y <span class=\"__1 _5\"></span>2022, <span class=\"__1 _70\"></span>corresp<span class=\"__1 _6\"></span>ondientes<span class=\"__1 _1bc\"> </span>a pr\u00e9stamos y<span class=\"__1 _6\"></span> l\u00edneas de descuento, clas<span class=\"__1 _6\"></span>ificadas de <span class=\"__1 _6\"></span>acuerdo con s<span class=\"__1 _6\"></span>us vencimientos, es la<span class=\"__1 _6\"></span> siguiente:<span class=\"__1 _1bc\"> </span>023<span class=\"__1 _1bc\"> </span>Cor<span class=\"__1 _6\"></span>to pl<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>zo<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es d<span class=\"__1 _6\"></span>e E<span class=\"__1 _70\"></span>u<span class=\"__1 _6\"></span>ro<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>L\u00edm<span class=\"__1 _70\"></span>i<span class=\"__1 _8\"></span>te<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>do<span class=\"__1 _1bc\"> </span>Di<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>pues<span class=\"__1 _6\"></span>to<span class=\"__1 _1bc\"> </span>2024<span class=\"__1 _1f\"> </span>2025<span class=\"__1 _fb\"> </span>2026<span class=\"__1 _103\"> </span>2027<span class=\"__1 _153\"> </span><span class=\"ls0_1\">Si<span class=\"__1 _8\"></span>gui<span class=\"__1 _6\"></span>ente<span class=\"__1 _70\"></span>s<span class=\"__1 _1bc\"> </span></span>Tot<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span> Lar<span class=\"__1 _6\"></span>go<span class=\"__1 _1bc\"> </span>Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>zo<span class=\"__1 _1bc\"> </span>euda<span class=\"__1 _6\"></span> fi<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>era<span class=\"__1 _6\"></span> Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o CEL<span class=\"__1 _5\"></span>UL<span class=\"__1 _70\"></span>O<span class=\"__1 _6\"></span>SA -<span class=\"__1 _1bc\"> </span>Obl<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ga<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> em<span class=\"__1 _5\"></span>i<span class=\"__1 _6\"></span>ti<span class=\"__1 _8\"></span>da<span class=\"__1 _6\"></span>s           53<span class=\"__1 _6\"></span>.047<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>           53<span class=\"__1 _6\"></span>.04<span class=\"__1 _6\"></span>7 <span class=\"__1 _cd\"> </span>           5<span class=\"__1 _6\"></span>3.04<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span> <span class=\"__1 _178\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _150\"> </span>                     - L\u00edne<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span> de cr<span class=\"__1 _6\"></span>\u00e9<span class=\"__1 _5\"></span>di<span class=\"__1 _8\"></span>to \u2013<span class=\"__1 _70\"></span> r<span class=\"__1 _6\"></span>evol<span class=\"__1 _8\"></span>vi<span class=\"__1 _6\"></span>ng         13<span class=\"__1 _6\"></span>0.00<span class=\"__1 _6\"></span>0 <span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _c4\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _150\"> </span>                     - Pr<span class=\"__1 _6\"></span>\u00e9s<span class=\"__1 _6\"></span>tamos<span class=\"__1 _6\"></span> b<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>os         39<span class=\"__1 _6\"></span>0.50<span class=\"__1 _6\"></span>0 <span class=\"__1 _c9\"> </span>         3<span class=\"__1 _6\"></span>60<span class=\"__1 _6\"></span>.500<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>           82<span class=\"__1 _6\"></span>.44<span class=\"__1 _6\"></span>4 <span class=\"__1 _bd\"> </span>           7<span class=\"__1 _6\"></span>5.61<span class=\"__1 _6\"></span>0 <span class=\"__1 _cd\"> </span>           7<span class=\"__1 _6\"></span>8.82<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>           67<span class=\"__1 _6\"></span>.301<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>           5<span class=\"__1 _6\"></span>6.31<span class=\"__1 _6\"></span>6 <span class=\"__1 _c9\"> </span>         27<span class=\"__1 _6\"></span>8.05<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span>Cos<span class=\"__1 _6\"></span>tes <span class=\"__1 _6\"></span>de e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>truc<span class=\"__1 _6\"></span>tura<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3n                     -   <span class=\"__1 _bf\"></span>               (90<span class=\"__1 _6\"></span>2)<span class=\"__1 _cd\"> </span>               (2<span class=\"__1 _6\"></span>85<span class=\"__1 _6\"></span>)<span class=\"__1 _bd\"> </span>               (26<span class=\"__1 _6\"></span>1)<span class=\"__1 _cd\"> </span>               (1<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>4)<span class=\"__1 _cd\"> </span>               (1<span class=\"__1 _6\"></span>06<span class=\"__1 _6\"></span>)<span class=\"__1 _150\"> </span>                  (6<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>               (61<span class=\"__1 _6\"></span>6)<span class=\"__1 _1bc\"> </span>Deuda<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> po<span class=\"__1 _6\"></span>r i<span class=\"__1 _8\"></span>ntere<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>, cu<span class=\"__1 _6\"></span>p\u00f3n y<span class=\"__1 _6\"></span> otros                     -   <span class=\"__1 _70\"></span>              2<span class=\"__1 _6\"></span>.303<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>              2<span class=\"__1 _6\"></span>.303<span class=\"__1 _6\"></span> <span class=\"__1 _178\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -          57<span class=\"__1 _6\"></span>3.54<span class=\"__1 _6\"></span>7 <span class=\"__1 _c9\"> </span>         41<span class=\"__1 _6\"></span>4.94<span class=\"__1 _6\"></span>8 <span class=\"__1 _c9\"> </span>         13<span class=\"__1 _6\"></span>7.50<span class=\"__1 _6\"></span>9 <span class=\"__1 _b7\"> </span>           75.34<span class=\"__1 _6\"></span>9 <span class=\"__1 _cd\"> </span>           7<span class=\"__1 _6\"></span>8.64<span class=\"__1 _6\"></span>5 <span class=\"__1 _cd\"> </span>           6<span class=\"__1 _6\"></span>7.19<span class=\"__1 _6\"></span>5 <span class=\"__1 _cd\"> </span>           5<span class=\"__1 _6\"></span>6.25<span class=\"__1 _6\"></span>1 <span class=\"__1 _cd\"> </span>         2<span class=\"__1 _6\"></span>77<span class=\"__1 _6\"></span>.440<span class=\"__1 _1bc\"> </span>euda<span class=\"__1 _6\"></span> fi<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>era<span class=\"__1 _6\"></span> Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o REN<span class=\"__1 _5\"></span>OVA<span class=\"__1 _5\"></span>BL<span class=\"__1 _5\"></span>ES -<span class=\"__1 _1bc\"> </span>Obl<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ga<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> em<span class=\"__1 _5\"></span>i<span class=\"__1 _6\"></span>ti<span class=\"__1 _8\"></span>da<span class=\"__1 _6\"></span>s           79<span class=\"__1 _6\"></span>.000<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>           79<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>0 <span class=\"__1 _cc\"> </span>                     -   <span class=\"__1 _c5\"> </span>           79.00<span class=\"__1 _6\"></span>0 <span class=\"__1 _cc\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _cb\"> </span>           7<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>.000<span class=\"__1 _1bc\"> </span>L\u00edne<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span> de cr<span class=\"__1 _6\"></span>\u00e9<span class=\"__1 _5\"></span>di<span class=\"__1 _8\"></span>to \u2013<span class=\"__1 _70\"></span> r<span class=\"__1 _6\"></span>evol<span class=\"__1 _8\"></span>vi<span class=\"__1 _6\"></span>ng           20<span class=\"__1 _6\"></span>.000<span class=\"__1 _6\"></span> <span class=\"__1 _cc\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _145\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _d1\"> </span>                     - Pr<span class=\"__1 _6\"></span>\u00e9s<span class=\"__1 _6\"></span>tamos<span class=\"__1 _6\"></span> b<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>os           43<span class=\"__1 _6\"></span>.983<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>           43<span class=\"__1 _6\"></span>.98<span class=\"__1 _6\"></span>3 <span class=\"__1 _c1\"> </span>           33.73<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span> <span class=\"__1 _b7\"> </span>           1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.250<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _c9\"> </span>           10.25<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span>Cos<span class=\"__1 _6\"></span>tes <span class=\"__1 _6\"></span>de e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>truc<span class=\"__1 _6\"></span>tura<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3n                     -   <span class=\"__1 _4\"> </span>               (515<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>               (18<span class=\"__1 _6\"></span>0)<span class=\"__1 _bd\"> </span>               (33<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>)<span class=\"__1 _cc\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -                   (3<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>5)<span class=\"__1 _1bc\"> </span>Deuda<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> po<span class=\"__1 _6\"></span>r i<span class=\"__1 _8\"></span>ntere<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>, cu<span class=\"__1 _6\"></span>p\u00f3n y<span class=\"__1 _6\"></span> otros                     -                       48<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                   48<span class=\"__1 _6\"></span> <span class=\"__1 _a8\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _d1\"> </span>                     - 14<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.983<span class=\"__1 _ab\"> </span>12<span class=\"__1 _6\"></span>2.51<span class=\"__1 _6\"></span>6<span class=\"__1 _125\"> </span>3<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.601<span class=\"__1 _16\"> </span>88<span class=\"__1 _6\"></span>.915<span class=\"__1 _aa\"> </span><span class=\"ff4 ls7b\">                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _bf\"></span><span class=\"ff3_1\">           88<span class=\"__1 _6\"></span>.915<span class=\"__1 _1bc\"> </span></span></span>71<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.530<span class=\"__1 _ab\"> </span>53<span class=\"__1 _6\"></span>7.46<span class=\"__1 _6\"></span>4<span class=\"__1 _20\"> </span>1<span class=\"__1 _6\"></span>71<span class=\"__1 _6\"></span>.11<span class=\"__1 _6\"></span>0<span class=\"__1 _10c\"> </span>16<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>.264<span class=\"__1 _80\"> </span>78<span class=\"__1 _6\"></span>.64<span class=\"__1 _6\"></span>5<span class=\"__1 _125\"> </span>6<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>19<span class=\"__1 _6\"></span>5<span class=\"__1 _80\"> </span>56<span class=\"__1 _6\"></span>.251<span class=\"__1 _ab\"> </span>36<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.355<span class=\"__1 _1bc\"> </span>Ve<span class=\"__1 _70\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>mi<span class=\"__1 _6\"></span>ent<span class=\"__1 _5\"></span>o en e<span class=\"__1 _5\"></span>l<span class=\"__1 _6\"></span> a<span class=\"__1 _8\"></span>\u00f1o<span class=\"__1 _1bc\"> </span>Cada <span class=\"__1 _8\"></span>negocio <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>financia <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>forma <span class=\"__1 _8\"></span>independiente <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>otro.<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>No <span class=\"__1 _8\"></span>hay <span class=\"__1 _8\"></span>recurso <span class=\"__1 _8\"></span>o <span class=\"__1 _8\"></span>gara<span class=\"__1 _6\"></span>nt\u00edas <span class=\"__1 _8\"></span>significativas <span class=\"__1 _8\"></span>entre<span class=\"__1 _1bc\"> </span>ambos.<span class=\"__1 _1bc\"> </span>Los <span class=\"__1 _8\"></span>pagos<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>intereses <span class=\"__1 _8\"></span>previstos <span class=\"__1 _4\"></span>a <span class=\"__1 _8\"></span>futuro <span class=\"__1 _8\"></span><span class=\"ff6\">asociad<span class=\"__1 _6\"></span>os <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>\u201cDeudas <span class=\"__1 _8\"></span>con <span class=\"__1 _8\"></span>entidades<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>cr\u00e9dito <span class=\"__1 _8\"></span>y<span class=\"__1 _6\"></span></span> <span class=\"__1 _8\"></span>mercado <span class=\"__1 _8\"></span>de<span class=\"__1 _1bc\"> </span>capitales\u201d <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c8\"></span>\u201cOtros <span class=\"__1 _c8\"></span>pasivos <span class=\"__1 _c8\"></span>financieros <span class=\"__1 _c8\"> </span>\u2013<span class=\"ff4\"> <span class=\"__1 _c8\"> </span></span>financiaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>organ<span class=\"__1 _6\"></span>ismos <span class=\"__1 _c8\"></span>p\u00fablicos\u201d, <span class=\"__1 _c8\"> </span>considerando <span class=\"__1 _c6\"> </span><span class=\"ff4\">los <span class=\"__1 _c8\"> </span>niveles <span class=\"__1 _c8\"> </span>de<span class=\"__1 _1bc\"> </span></span>endeudamiento <span class=\"__1 _c8\"> </span>y<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>tipos <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>in<span class=\"__1 _6\"></span>ter\u00e9s <span class=\"__1 _c8\"> </span>actuales<span class=\"__1 _6\"></span>, <span class=\"__1 _c8\"> </span>se <span class=\"__1 _c8\"> </span>situ<span class=\"__1 _6\"></span>ar\u00e1n <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c8\"> </span>el <span class=\"__1 _c8\"> </span>entorn<span class=\"__1 _6\"></span>o <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>los <span class=\"__1 _c8\"> </span>15<span class=\"__1 _6\"></span>-<span class=\"ff6\">18 <span class=\"__1 _c8\"> </span>millones <span class=\"__1 _c8\"> </span>\u20ac <span class=\"__1 _c6\"> </span></span>en <span class=\"__1 _c8\"> </span>ENCE<span class=\"__1 _1bc\"> </span>Celulosa y en el entorn<span class=\"__1 _6\"></span>o de los 6 <span class=\"__1 _6\"></span>- 8 <span class=\"ff6\">millones \u20ac</span> en EN<span class=\"__1 _6\"></span>CE Renovab<span class=\"__1 _6\"></span>les.<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _c8\"> </span>coste <span class=\"__1 _c8\"> </span>medio <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"></span>la <span class=\"__1 _c8\"></span>deuda <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>E<span class=\"__1 _6\"></span>NCE <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c8\"> </span>2023 <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c8\"> </span>2022 <span class=\"__1 _c8\"> </span>h<span class=\"__1 _6\"></span>a <span class=\"__1 _c8\"> </span>sido <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _c8\"></span>4,64% <span class=\"__1 _c8\"></span>y <span class=\"__1 _c8\"> </span>2,13%, <span class=\"__1 _c8\"> </span>respectivamente. <span class=\"__1 _c8\"> </span>Por<span class=\"__1 _1bc\"> </span>negocios, ENCE<span class=\"__1 _6\"></span> Celulosa ha t<span class=\"__1 _6\"></span>enido u<span class=\"__1 _6\"></span>n coste medio<span class=\"__1 _6\"></span> en dicho<span class=\"__1 _6\"></span>s periodos<span class=\"__1 _6\"></span> del 4,68% y 1,5<span class=\"__1 _6\"></span>5%, respectiva<span class=\"__1 _8\"></span>mente,<span class=\"__1 _1bc\"> </span>y el ENCE Renov<span class=\"__1 _6\"></span>ables del 4,51% y 4,03%, respectivam<span class=\"__1 _6\"></span>ente.<span class=\"__1 _1bc\"> </span>Al <span class=\"__1 _4\"></span>31 <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>diciembre <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>2023 <span class=\"__1 _4\"></span>ENCE <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>las <span class=\"__1 _4\"></span>empresas <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>Grupo <span class=\"__1 _4\"></span>cumplen <span class=\"__1 _4\"></span>\u00edntegramente <span class=\"__1 _4\"></span>con <span class=\"__1 _4\"></span>sus <span class=\"__1 _4\"></span>obligaciones<span class=\"__1 _1bc\"> </span>financieras <span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>cualquier <span class=\"__1 _6\"></span>otro <span class=\"__1 _6\"></span>tipo<span class=\"__1 _6\"></span>, <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>pudieran <span class=\"__1 _6\"></span>dar <span class=\"__1 _6\"></span>lugar <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>vencimiento <span class=\"__1 _6\"></span>anticipado <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>su<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>comp<span class=\"__1 _6\"></span>romisos<span class=\"__1 _1bc\"> </span>financieros. La <span class=\"__1 _c9\"> </span>financiaci\u00f3n <span class=\"__1 _c9\"> </span>de <span class=\"__1 _c9\"> </span>ENCE <span class=\"__1 _c9\"> </span>no <span class=\"__1 _cb\"> </span>est\u00e1 <span class=\"__1 _c9\"> </span>sujeta <span class=\"__1 _c9\"> </span>a <span class=\"__1 _c9\"> </span>ning\u00fan <span class=\"__1 _c9\"> </span>tipo <span class=\"__1 _cb\"> </span>de <span class=\"__1 _c9\"> </span>cl\u00e1usula <span class=\"__1 _c9\"> </span>que <span class=\"__1 _c9\"> </span>implique <span class=\"__1 _c9\"> </span>su <span class=\"__1 _c9\"> </span>modificaci\u00f3n <span class=\"__1 _cb\"> </span>o<span class=\"__1 _1bc\"> </span>renegociaci\u00f3n como cons<span class=\"__1 _6\"></span>ecuencia de un<span class=\"__1 _6\"></span>a variaci\u00f3n en la ca<span class=\"__1 _6\"></span>lificaci\u00f3n crediticia.<span class=\"__1 _1bc\"> </span>Endeuda<span class=\"__1 _5\"></span>miento ENCE Celulosa<span class=\"__1 _1bc\"> </span>Bono convertible y l\u00ednea <span class=\"__1 _6\"></span>de cr\u00e9d<span class=\"__1 _6\"></span>ito revolving<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _5\"></span>5 <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>marzo de <span class=\"__1 _70\"></span>2018 ENCE <span class=\"__1 _5\"></span>complet\u00f3 <span class=\"__1 _70\"></span>el proceso <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>colocac<span class=\"__1 _6\"></span>i\u00f3n, entre <span class=\"__1 _70\"></span>invers<span class=\"__1 _6\"></span>ores <span class=\"__1 _5\"></span>institucionales cualificados,<span class=\"__1 _1bc\"> </span>de una emisi\u00f3n d<span class=\"__1 _6\"></span>e bonos convertibles en a<span class=\"__1 _6\"></span>cciones ordinarias<span class=\"__1 _6\"></span> por importe de 160 millon<span class=\"__1 _6\"></span>es de euros<span class=\"__1 _6\"></span>. Los principales<span class=\"__1 _6\"></span> t\u00e9rminos y condiciones d<span class=\"__1 _6\"></span>e la emisi\u00f3n eran lo<span class=\"__1 _6\"></span>s siguientes:<span class=\"__1 _1bc\"> </span>2022<span class=\"__1 _1bc\"> </span>Cor<span class=\"__1 _6\"></span>to pl<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>zo<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de E<span class=\"__1 _5\"></span>ur<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>L\u00edm<span class=\"__1 _70\"></span>i<span class=\"__1 _8\"></span>te<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>do<span class=\"__1 _1bc\"> </span>Di<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>pu<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span>to<span class=\"__1 _1bc\"> </span>2023<span class=\"__1 _f\"> </span>2024<span class=\"__1 _97\"> </span>2025<span class=\"__1 _4d\"> </span>2026<span class=\"__1 _1bc\"> </span>Tot<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span> Lar<span class=\"__1 _6\"></span>go<span class=\"__1 _1bc\"> </span>Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>zo<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _5\"></span>uda<span class=\"__1 _8\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>era<span class=\"__1 _6\"></span> Ne<span class=\"__1 _5\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span> CEL<span class=\"__1 _70\"></span>ULOSA<span class=\"__1 _5\"></span> -<span class=\"__1 _1bc\"> </span>Ob<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ga<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span> em<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>ti<span class=\"__1 _6\"></span>da<span class=\"__1 _6\"></span>s           63<span class=\"__1 _6\"></span>.300<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>           6<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.300<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>           6<span class=\"__1 _6\"></span>3.30<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _15d\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     - L\u00edne<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span> de cr<span class=\"__1 _6\"></span>\u00e9<span class=\"__1 _5\"></span>di<span class=\"__1 _8\"></span>to \u2013<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>revol<span class=\"__1 _8\"></span>vi<span class=\"__1 _8\"></span>ng         13<span class=\"__1 _6\"></span>0.00<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _bd\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _150\"> </span>                     - Pr<span class=\"__1 _6\"></span>\u00e9s<span class=\"__1 _6\"></span>tamos<span class=\"__1 _8\"></span> ba<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>ri<span class=\"__1 _8\"></span>os           95<span class=\"__1 _6\"></span>.000<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>           9<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.000<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>              7.50<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _a8\"> </span>           28<span class=\"__1 _6\"></span>.41<span class=\"__1 _6\"></span>4 <span class=\"__1 _ce\"> </span>           4<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.981<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>           1<span class=\"__1 _6\"></span>5.10<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>           87<span class=\"__1 _6\"></span>.50<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span>Cos<span class=\"__1 _8\"></span>te<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> de e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>truc<span class=\"__1 _6\"></span>tura<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3n                     -   <span class=\"__1 _bf\"></span>               (53<span class=\"__1 _6\"></span>9)<span class=\"__1 _b5\"> </span>                     -   <span class=\"__1 _aa\"> </span>               (30<span class=\"__1 _6\"></span>9)<span class=\"__1 _cf\"> </span>               (15<span class=\"__1 _6\"></span>4)<span class=\"__1 _cb\"> </span>                  (7<span class=\"__1 _6\"></span>6)<span class=\"__1 _cf\"> </span>               (53<span class=\"__1 _6\"></span>9)<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _5\"></span>uda<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> p<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>nte<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>, cup<span class=\"__1 _6\"></span>\u00f3n y o<span class=\"__1 _6\"></span>tros                     -   <span class=\"__1 _70\"></span>              1<span class=\"__1 _6\"></span>.186<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>              1.18<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span> <span class=\"__1 _15d\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -          28<span class=\"__1 _6\"></span>8.30<span class=\"__1 _6\"></span>0 <span class=\"__1 _cd\"> </span>         15<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>94<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>           7<span class=\"__1 _6\"></span>1.98<span class=\"__1 _6\"></span>6 <span class=\"__1 _a8\"> </span>           2<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>10<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>           43<span class=\"__1 _6\"></span>.827<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>           1<span class=\"__1 _6\"></span>5.02<span class=\"__1 _6\"></span>9 <span class=\"__1 _ce\"> </span>           8<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>96<span class=\"__1 _6\"></span>1<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _5\"></span>uda<span class=\"__1 _8\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>era<span class=\"__1 _6\"></span> Ne<span class=\"__1 _5\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span> EN<span class=\"__1 _70\"></span>ERGIA RE<span class=\"__1 _5\"></span>NOVA<span class=\"__1 _70\"></span>BLE<span class=\"__1 _70\"></span> -<span class=\"__1 _1bc\"> </span>Ob<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ga<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span> em<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>ti<span class=\"__1 _6\"></span>da<span class=\"__1 _6\"></span>s           79<span class=\"__1 _6\"></span>.000<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>           7<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>.000<span class=\"__1 _6\"></span> <span class=\"__1 _d1\"> </span>                     -   <span class=\"__1 _bd\"> </span>                     -               79<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>0 <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _c9\"> </span>           79<span class=\"__1 _6\"></span>.000<span class=\"__1 _1bc\"> </span>L\u00edne<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span> de cr<span class=\"__1 _6\"></span>\u00e9<span class=\"__1 _5\"></span>di<span class=\"__1 _8\"></span>to \u2013<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>revol<span class=\"__1 _8\"></span>vi<span class=\"__1 _8\"></span>ng           20<span class=\"__1 _6\"></span>.000<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _bd\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -  Pr<span class=\"__1 _6\"></span>\u00e9s<span class=\"__1 _6\"></span>tamos<span class=\"__1 _8\"></span> ba<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>ri<span class=\"__1 _8\"></span>os           71<span class=\"__1 _6\"></span>.050<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>           7<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.050<span class=\"__1 _6\"></span> <span class=\"__1 _179\"> </span>           27<span class=\"__1 _6\"></span>.067<span class=\"__1 _6\"></span> <span class=\"__1 _a8\"> </span>           3<span class=\"__1 _6\"></span>3.73<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>           1<span class=\"__1 _6\"></span>0.25<span class=\"__1 _6\"></span>0 <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _c9\"> </span>           4<span class=\"__1 _6\"></span>3.98<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>Cos<span class=\"__1 _8\"></span>te<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> de e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>truc<span class=\"__1 _6\"></span>tura<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3n                     -   <span class=\"__1 _8\"></span>            (1.09<span class=\"__1 _6\"></span>4)<span class=\"__1 _51\"> </span>                     -   <span class=\"__1 _aa\"> </span>               (949<span class=\"__1 _6\"></span>)<span class=\"__1 _ce\"> </span>               (1<span class=\"__1 _6\"></span>45<span class=\"__1 _6\"></span>)<span class=\"__1 _d1\"> </span>                     -   <span class=\"__1 _4\"> </span>            (1<span class=\"__1 _6\"></span>.094<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _5\"></span>uda<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> p<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>nte<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>, cup<span class=\"__1 _6\"></span>\u00f3n y o<span class=\"__1 _6\"></span>tros                     -                       23<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>                   2<span class=\"__1 _6\"></span>3 <span class=\"__1 _106\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -  17<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.050<span class=\"__1 _49\"> </span>1<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>97<span class=\"__1 _6\"></span>9<span class=\"__1 _117\"> </span>2<span class=\"__1 _6\"></span>7.09<span class=\"__1 _6\"></span>0<span class=\"__1 _99\"> </span>3<span class=\"__1 _6\"></span>2.78<span class=\"__1 _6\"></span>4<span class=\"__1 _117\"> </span>89<span class=\"__1 _6\"></span>.10<span class=\"__1 _6\"></span>5<span class=\"__1 _c1\"> </span><span class=\"ff4 ls7d\">                     -   <span class=\"__1 _33\"> </span></span>12<span class=\"__1 _6\"></span>1.88<span class=\"__1 _6\"></span>9<span class=\"__1 _1bc\"> </span>45<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.350<span class=\"__1 _49\"> </span>3<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>92<span class=\"__1 _6\"></span>6<span class=\"__1 _117\"> </span>9<span class=\"__1 _6\"></span>9.07<span class=\"__1 _6\"></span>6<span class=\"__1 _99\"> </span>6<span class=\"__1 _6\"></span>0.88<span class=\"__1 _6\"></span>9<span class=\"__1 _49\"> </span>1<span class=\"__1 _6\"></span>32<span class=\"__1 _6\"></span>.93<span class=\"__1 _6\"></span>2<span class=\"__1 _117\"> </span>15<span class=\"__1 _6\"></span>.02<span class=\"__1 _6\"></span>9<span class=\"__1 _49\"> </span>20<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.850<span class=\"__1 _1bc\"> </span>Ve<span class=\"__1 _70\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>mi<span class=\"__1 _6\"></span>ent<span class=\"__1 _5\"></span>o en e<span class=\"__1 _5\"></span>l<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>\u00f1o<span class=\"__1 _1bc\"> </span>En marzo de 2023 ENCE ha procedido a la <span class=\"__1 _5\"></span>amortizaci\u00f3n ordin<span class=\"__1 _6\"></span>aria total de las obligaciones a su vencimiento<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span>Por <span class=\"__1 _4\"></span>otra <span class=\"__1 _4\"></span>p<span class=\"__1 _6\"></span>arte, <span class=\"__1 _c8\"></span>ENCE <span class=\"__1 _4\"></span>mantiene <span class=\"__1 _4\"></span>con<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>un <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>indicato <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>ban<span class=\"__1 _6\"></span>cos <span class=\"__1 _4\"></span>nacionales<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>e <span class=\"__1 _4\"></span>internacionales <span class=\"__1 _c8\"></span>un <span class=\"__1 _4\"></span>contrato <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span>cr\u00e9dito (revolving credit facility)<span class=\"__1 _6\"></span> por importe de 130 millones de euros y vencimiento en <span class=\"__1 _5\"></span>2026. Esta l\u00ednea de<span class=\"__1 _1bc\"> </span>cr\u00e9dito <span class=\"__1 _c6\"> </span>devenga <span class=\"__1 _c6\"> </span>un <span class=\"__1 _c6\"> </span>tip<span class=\"__1 _6\"></span>o <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>inter\u00e9s <span class=\"__1 _c6\"> </span>referenciado <span class=\"__1 _c6\"> </span>al <span class=\"__1 _c6\"> </span>Eu<span class=\"__1 _6\"></span>ribor. <span class=\"__1 _c6\"> </span>El <span class=\"__1 _c6\"> </span>tipo <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>inter\u00e9s <span class=\"__1 _ca\"> </span>establecido <span class=\"__1 _c6\"> </span>podr\u00e1 <span class=\"__1 _c6\"> </span>v<span class=\"__1 _6\"></span>erse<span class=\"__1 _1bc\"> </span>modificado <span class=\"__1 _ca\"> </span>anualmente  en <span class=\"__1 _c6\"> </span>2<span class=\"__1 _6\"></span>5 <span class=\"__1 _ca\"> </span>puntos  b\u00e1sicos  en <span class=\"__1 _c6\"> </span>funci\u00f3n  del <span class=\"__1 _c6\"> </span>rating  de <span class=\"__1 _c6\"> </span>sostenibilidad  medioambiental<span class=\"__1 _1bc\"> </span>Sustainalytics obtenido por <span class=\"__1 _70\"></span>ENCE, que eval\u00faa <span class=\"__1 _70\"></span>dicha deuda <span class=\"__1 _5\"></span>como \u201cfinanciaci\u00f3n verde\u201d.<span class=\"ff4\"> Esta f<span class=\"__1 _5\"></span>inanciaci\u00f3n est\u00e1<span class=\"__1 _1bc\"> </span></span>en su totalida<span class=\"__1 _6\"></span>d disponible al 31 <span class=\"__1 _6\"></span>de diciembre de 2023.<span class=\"__1 _1bc\"> </span>Pr\u00e9stamos<span class=\"__1 _1bc\"> </span>Durante <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>ejercicio <span class=\"__1 _8\"></span>2023 <span class=\"__1 _8\"></span>ENCE <span class=\"__1 _8\"></span>ha <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>uscrito <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>iversos <span class=\"__1 _8\"></span>pr\u00e9stamos <span class=\"__1 _6\"></span>po<span class=\"__1 _6\"></span>r <span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>n <span class=\"__1 _8\"></span><span class=\"ff6\">importe <span class=\"__1 _8\"></span>total <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>273 <span class=\"__1 _8\"></span>millones <span class=\"__1 _8\"></span>\u20ac. <span class=\"__1 _6\"></span>De<span class=\"__1 _1bc\"> </span></span>este <span class=\"__1 _6\"></span>modo<span class=\"__1 _6\"></span>, <span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>l <span class=\"__1 _8\"></span>31 <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>iciembre <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>2023, <span class=\"__1 _8\"></span><span class=\"ff6\">y <span class=\"__1 _8\"></span>tras <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>amortiza<span class=\"__1 _6\"></span>ci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>7,5 <span class=\"__1 _6\"></span>millon<span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>\u20ac, <span class=\"__1 _4\"></span></span>ENCE <span class=\"__1 _8\"></span>mantiene <span class=\"__1 _8\"></span>suscritos<span class=\"__1 _1bc\"> </span>pr\u00e9stamos <span class=\"__1 _c8\"> </span>por <span class=\"__1 _c8\"> </span>un <span class=\"__1 _c8\"> </span>importe <span class=\"__1 _c8\"></span>conjunto <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"> </span>360,5 <span class=\"__1 _c8\"> </span>millones <span class=\"__1 _c8\"> </span><span class=\"ff6 ls12\">\u20ac <span class=\"__1 _c8\"></span></span>y <span class=\"__1 _c8\"></span>vencimientos <span class=\"__1 _c8\"></span>en <span class=\"__1 _4\"></span>202<span class=\"__1 _6\"></span>4-2030 <span class=\"__1 _c8\"> </span>(95 <span class=\"__1 _c8\"></span>millones <span class=\"__1 _c8\"> </span><span class=\"ff6 ls12\">\u20ac <span class=\"__1 _c8\"> </span></span><span class=\"ls16\">y<span class=\"__1 _1bc\"> </span></span>vencimientos en 202<span class=\"__1 _6\"></span>3-<span class=\"ls5c\">20</span>26 al 31 de diciembre de 2022)<span class=\"__1 _6\"></span><span class=\"ls17\">. </span>Una <span class=\"__1 _6\"></span>parte <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>pr\u00e9stamos <span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>on <span class=\"__1 _6\"></span>un <span class=\"__1 _8\"></span>nominal <span class=\"__1 _6\"></span>de <span class=\"__1 _4\"></span>29,5 <span class=\"__1 _6\"></span>millones <span class=\"__1 _8\"></span><span class=\"ff6 ls12\">\u20ac <span class=\"__1 _6\"></span></span>devenga <span class=\"__1 _8\"></span>un <span class=\"__1 _6\"></span>tipo <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>in<span class=\"__1 _6\"></span>ter\u00e9s <span class=\"__1 _6\"></span>fijo <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>rango<span class=\"__1 _1bc\"> </span>1,95%-4,6%. <span class=\"__1 _cb\"> </span>El <span class=\"__1 _c9\"> </span>importe <span class=\"__1 _cb\"> </span>restante <span class=\"__1 _cb\"> </span>devenga <span class=\"__1 _c9\"> </span>intereses, <span class=\"__1 _cb\"> </span>principa<span class=\"__1 _6\"></span>lmente <span class=\"__1 _cb\"> </span>referenciados <span class=\"__1 _c9\"> </span>al <span class=\"__1 _cb\"> </span>Euribor <span class=\"__1 _c9\"> </span>m\u00e1s <span class=\"__1 _cb\"> </span>un<span class=\"__1 _1bc\"> </span>diferencial <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>1,35%-2,0%. <span class=\"__1 _8\"></span>El<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>tip<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>inter<span class=\"__1 _6\"></span>\u00e9s <span class=\"__1 _8\"></span>establecido <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>76<span class=\"__1 _6\"></span>% <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>contratos<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>suscritos <span class=\"__1 _8\"></span>podr\u00e1 <span class=\"__1 _8\"></span>verse<span class=\"__1 _1bc\"> </span>modificado  anualmente  en  25 <span class=\"__1 _c6\"> </span>p<span class=\"__1 _6\"></span>untos  b\u00e1sicos  en  funci\u00f3n <span class=\"__1 _ca\"> </span>del  rating <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>e  sostenibilidad  medioambiental<span class=\"__1 _1bc\"> </span>Sustainalytics<span class=\"__1 _6\"></span> obtenido por <span class=\"__1 _6\"></span><span class=\"ff6\">ENCE, que eval\u00faa <span class=\"__1 _6\"></span>dicha deuda como \u201c<span class=\"__1 _6\"></span>financiaci\u00f3n verde\u201d.<span class=\"__1 _1bc\"> </span></span>Al objeto de cubrir e<span class=\"__1 _5\"></span>l riesgo derivado de <span class=\"__1 _5\"></span>la contrataci\u00f3n de <span class=\"__1 _5\"></span>esta financiaci\u00f3n a tipo de <span class=\"__1 _5\"></span>inter\u00e9s variable, ENCE<span class=\"__1 _1bc\"> </span>ha suscrito swaps de tipo de <span class=\"__1 _5\"></span>inter\u00e9s que cubren el <span class=\"ls12\">53</span>% de la financiaci\u00f3n dispuesta a tipo <span class=\"__1 _5\"></span>variable, a un tipo<span class=\"__1 _1bc\"> </span>fijo medio de 3,32% (v\u00e9ase N<span class=\"__1 _6\"></span>ota 30)<span class=\"__1 _6\"></span>. <span class=\"ff3_1\">Otra financiaci\u00f3n<span class=\"__1 _1bc\"> </span></span>El <span class=\"__1 _5\"></span>9 <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>octubre de <span class=\"__1 _70\"></span>2023 <span class=\"__1 _5\"></span>ENCE <span class=\"__1 _5\"></span>ha <span class=\"__1 _5\"></span>incorporado un<span class=\"__1 _5\"></span> <span class=\"__1 _5\"></span>programa <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>emisi\u00f3n de <span class=\"__1 _70\"></span>pagar\u00e9s<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>sos<span class=\"__1 _6\"></span>tenibles <span class=\"__1 _70\"></span>en el <span class=\"__1 _70\"></span>Mercado<span class=\"__1 _1bc\"> </span>Alternativo de <span class=\"__1 _70\"></span>Renta Fija <span class=\"__1 _70\"></span>(MARF) con <span class=\"__1 _70\"></span>un l\u00edmite <span class=\"__1 _70\"></span><span class=\"ff6\">m\u00e1xi<span class=\"__1 _6\"></span>mo <span class=\"__1 _5\"></span>de <span class=\"__1 _5\"></span>200 <span class=\"__1 _5\"></span>millones \u20ac <span class=\"__1 _70\"></span>y vencimie<span class=\"__1 _5\"></span>nto<span class=\"ff4\">s<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>h<span class=\"__1 _6\"></span>asta 24 <span class=\"__1 _70\"></span>meses.<span class=\"__1 _1bc\"> </span></span></span>El sald<span class=\"__1 _6\"></span>o de <span class=\"__1 _6\"></span>pagar\u00e9s <span class=\"__1 _6\"></span>emitidos <span class=\"__1 _6\"></span>pendientes <span class=\"__1 _6\"></span>de recomp<span class=\"__1 _6\"></span>ra al <span class=\"__1 _6\"></span>31 <span class=\"__1 _6\"></span>de d<span class=\"__1 _6\"></span>iciembre d<span class=\"__1 _6\"></span>e 2023 <span class=\"__1 _6\"></span>ascien<span class=\"__1 _6\"></span>de a <span class=\"__1 _6\"></span>53,4 <span class=\"__1 _6\"></span>millones<span class=\"__1 _1bc\"> </span>\u20ac y <span class=\"ff4\">presenta s<span class=\"__1 _6\"></span>u vencimiento en el primer se<span class=\"__1 _6\"></span>mestre de 2024.<span class=\"__1 _1bc\"> </span></span>Financiaci\u00f3n ENCE <span class=\"__1 _5\"></span>Renovab<span class=\"__1 _5\"></span>les<span class=\"__1 _1bc\"> </span>Financiaci\u00f3n corpo<span class=\"__1 _6\"></span>rativa<span class=\"__1 _1bc\"> </span>Im<span class=\"__1 _6\"></span>po<span class=\"__1 _6\"></span>rte de la<span class=\"__1 _6\"></span> Em<span class=\"__1 _6\"></span>isi\u00f3n<span class=\"__1 _57\"> </span><span class=\"ff6\">160.000.000 \u20ac<span class=\"__1 _1bc\"> </span></span>Nomin<span class=\"__1 _6\"></span>al Bo<span class=\"__1 _6\"></span>no<span class=\"__1 _180\"> </span><span class=\"ff6\">100.000 \u20ac<span class=\"__1 _1bc\"> </span></span>Ran<span class=\"__1 _6\"></span>go de la<span class=\"__1 _6\"></span> Deu<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>a<span class=\"__1 _181\"> </span>\"Senio<span class=\"__1 _6\"></span>r\" n<span class=\"__1 _6\"></span>o gar<span class=\"__1 _6\"></span>an<span class=\"__1 _6\"></span>tizad<span class=\"__1 _6\"></span>a<span class=\"__1 _1bc\"> </span>Fecha d<span class=\"__1 _6\"></span>e la em<span class=\"__1 _6\"></span>isi\u00f3<span class=\"__1 _6\"></span>n<span class=\"__1 _182\"> </span>05/03/2018<span class=\"__1 _1bc\"> </span>Fecha d<span class=\"__1 _6\"></span>e vencimien<span class=\"__1 _6\"></span>to<span class=\"__1 _183\"> </span>05/03/2023<span class=\"__1 _1bc\"> </span>Cup<span class=\"__1 _6\"></span>\u00f3<span class=\"__1 _6\"></span>n<span class=\"__1 _17a\"> </span>1,<span class=\"__1 _5\"></span>25%<span class=\"__1 _1bc\"> </span>Tipo<span class=\"__1 _6\"></span> inter\u00e9s<span class=\"__1 _6\"></span> efectivo<span class=\"__1 _64\"> </span>1,5<span class=\"__1 _5\"></span>8%<span class=\"__1 _1bc\"> </span>Precio de con<span class=\"__1 _6\"></span>vers<span class=\"__1 _6\"></span>i\u00f3n<span class=\"__1 _6\"></span> (*)<span class=\"__1 _17b\"> </span>8,<span class=\"__1 _5\"></span>5636<span class=\"__1 _1bc\"> </span>Prima d<span class=\"__1 _6\"></span>e con<span class=\"__1 _6\"></span>vers<span class=\"__1 _6\"></span>i\u00f3n<span class=\"__1 _17c\"> </span><span class=\"ls7e\">40%<span class=\"__1 _1bc\"> </span></span>Ratio d<span class=\"__1 _6\"></span>e conver<span class=\"__1 _6\"></span>si\u00f3<span class=\"__1 _6\"></span>n (<span class=\"__1 _6\"></span>acc / b<span class=\"__1 _6\"></span>on<span class=\"__1 _6\"></span>o)<span class=\"__1 _32\"> </span>11<span class=\"__1 _5\"></span>.677<span class=\"__1 _1bc\"> </span>M\u00e1x<span class=\"__1 _6\"></span>imo<span class=\"__1 _6\"></span> a<span class=\"__1 _6\"></span>cc<span class=\"__1 _5\"></span>ion<span class=\"__1 _6\"></span>es a<span class=\"__1 _6\"></span> emitir (a<span class=\"__1 _6\"></span>cc)<span class=\"__1 _17d\"> </span>18.683.731<span class=\"__1 _1bc\"> </span>Potencial % increm<span class=\"__1 _6\"></span>ento cap<span class=\"__1 _6\"></span>ital so<span class=\"__1 _6\"></span>cial<span class=\"__1 _17e\"> </span>7,<span class=\"__1 _5\"></span>59%<span class=\"__1 _1bc\"> </span>Mercad<span class=\"__1 _6\"></span>o cotiza<span class=\"__1 _6\"></span>ci\u00f3n <span class=\"__1 _21\"> </span>Bolsa<span class=\"__1 _6\"></span> de Fr<span class=\"__1 _6\"></span>an<span class=\"__1 _6\"></span>kfu<span class=\"__1 _6\"></span>rt<span class=\"__1 _1bc\"> </span>ISI<span class=\"__1 _6\"></span>N<span class=\"__1 _17f\"> </span>XS1<span class=\"__1 _5\"></span>7839<span class=\"__1 _5\"></span>32863<span class=\"__1 _1bc\"> </span>Cos<span class=\"__1 _6\"></span>tes de la<span class=\"__1 _6\"></span> em<span class=\"__1 _6\"></span>isi\u00f3n<span class=\"__1 _184\"> </span><span class=\"ff6\">2.075.000 \u20ac<span class=\"__1 _1bc\"> </span></span>Con <span class=\"__1 _4\"></span>fecha <span class=\"__1 _4\"></span>24 <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>noviembre <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>2017, <span class=\"__1 _4\"></span><span class=\"ff6\">Magnon <span class=\"__1 _4\"></span>Green <span class=\"__1 _4\"></span>Energy, <span class=\"__1 _4\"></span>S.L. <span class=\"__1 _4\"></span>(en <span class=\"__1 _8\"></span>ad<span class=\"__1 _6\"></span>elante <span class=\"__1 _4\"></span>\u201cMAGNON\u201d), <span class=\"__1 _4\"></span>holding <span class=\"__1 _4\"></span>del<span class=\"__1 _1bc\"> </span></span>negocio <span class=\"__1 _c8\"> </span>en<span class=\"__1 _6\"></span>erg\u00e9tico <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"> </span>ENCE<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>suscribi\u00f3 <span class=\"__1 _c6\"> </span>con <span class=\"__1 _c6\"> </span>un <span class=\"__1 _c6\"> </span>sindicato <span class=\"__1 _c6\"> </span>formado <span class=\"__1 _c8\"> </span>por <span class=\"__1 _c6\"> </span>doce <span class=\"__1 _c6\"> </span>entidad<span class=\"__1 _6\"></span>es <span class=\"__1 _c8\"> </span>fin<span class=\"__1 _6\"></span>ancieras <span class=\"__1 _c6\"> </span>y <span class=\"__1 _c8\"> </span>un<span class=\"__1 _6\"></span>a<span class=\"__1 _1bc\"> </span>compa\u00f1\u00eda de <span class=\"__1 _5\"></span>seguros espa\u00f1ola un <span class=\"__1 _5\"></span>contrato de pr\u00e9stamo <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>enior, estructurado inicialmente <span class=\"__1 _70\"></span>en 4 tramos<span class=\"__1 _6\"></span>, por<span class=\"__1 _1bc\"> </span>un <span class=\"__1 _70\"></span>importe disponible <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>170 <span class=\"__1 _70\"></span>millones, y <span class=\"__1 _70\"></span>llev\u00f3 <span class=\"__1 _70\"></span>a <span class=\"__1 _5\"></span>cabo <span class=\"__1 _70\"></span>una <span class=\"__1 _5\"></span>colocaci\u00f3n <span class=\"__1 _70\"></span>privad<span class=\"__1 _6\"></span>a <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>obligaciones <span class=\"__1 _70\"></span>por un <span class=\"__1 _70\"></span>importe<span class=\"__1 _1bc\"> </span>de 50 millones de euros<span class=\"__1 _6\"></span> que fueron s<span class=\"__1 _6\"></span>uscritas por un fon<span class=\"__1 _6\"></span>do de deuda. Con fecha <span class=\"__1 _6\"></span>8 de <span class=\"__1 _6\"></span>noviembre <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>2018, Magnon <span class=\"__1 _6\"></span>Green <span class=\"__1 _6\"></span>Energy, S.L.,<span class=\"__1 _6\"></span> su<span class=\"__1 _6\"></span>scribi<span class=\"__1 _6\"></span>\u00f3 <span class=\"__1 _6\"></span>una <span class=\"__1 _6\"></span>ampliaci\u00f3n de <span class=\"__1 _6\"></span>este contra<span class=\"__1 _6\"></span>to<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _5\"></span>pr\u00e9stamo <span class=\"__1 _5\"></span>senior por <span class=\"__1 _70\"></span>un <span class=\"__1 _5\"></span>importe <span class=\"__1 _5\"></span>disponible de <span class=\"__1 _70\"></span>17 <span class=\"__1 _5\"></span>millones <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>euro<span class=\"__1 _6\"></span>s <span class=\"__1 _70\"></span>y llev\u00f3 <span class=\"__1 _70\"></span>a cabo <span class=\"__1 _70\"></span>una colocaci\u00f3n <span class=\"__1 _70\"></span>privada<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _6\"></span>obligaciones <span class=\"__1 _8\"></span>por <span class=\"__1 _6\"></span>un <span class=\"__1 _8\"></span>importe <span class=\"__1 _6\"></span>ad<span class=\"__1 _6\"></span>icional <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>43 <span class=\"__1 _6\"></span>millon<span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>euro<span class=\"__1 _6\"></span>s <span class=\"__1 _6\"></span>que <span class=\"__1 _8\"></span>fueron <span class=\"__1 _6\"></span>sus<span class=\"__1 _6\"></span>critos <span class=\"__1 _6\"></span>por <span class=\"__1 _8\"></span>dos <span class=\"__1 _6\"></span>fon<span class=\"__1 _6\"></span>dos <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span>deuda.  El detalle de estas finan<span class=\"__1 _6\"></span>ciaciones se describ<span class=\"__1 _6\"></span>e a continuaci\u00f3n:<span class=\"__1 _1bc\"> </span>(i)<span class=\"fs1_1 ls0_1\">  <span class=\"__1 _a8\"> </span>Euribor 6 <span class=\"__1 _5\"></span>meses m\u00e1s <span class=\"__1 _70\"></span>dif<span class=\"__1 _6\"></span>erencial descrito. <span class=\"__1 _5\"></span>En los <span class=\"__1 _5\"></span>tramos bancarios, <span class=\"__1 _70\"></span>el tipo es <span class=\"__1 _70\"></span>variabl<span class=\"__1 _6\"></span>e en<span class=\"__1 _5\"></span> funci\u00f3n de<span class=\"__1 _5\"></span>l ratio de<span class=\"__1 _1bc\"> </span></span>endeudamiento (Deuda Neta / EBITDA del negocio ENERG\u00cdA Renovable, <span class=\"__1 _6\"></span>seg\u00fan definiciones recogidas en el<span class=\"__1 _1bc\"> </span>contrato de financiaci\u00f3n).<span class=\"__1 _1bc\"> </span>(ii)  <span class=\"__1 _b7\"> </span>Vencimiento \u00edntegro (bullet) en la fecha indi<span class=\"__1 _5\"></span>cada.<span class=\"__1 _1bc\"> </span>(iii)  <span class=\"__1 _51\"> </span>Ha financiado la construcci\u00f3n de Huelva 46 MW. (iv) <span class=\"__1 _b7\"> </span>Estas obligaciones est\u00e1n admitidas a cotizaci\u00f3n en la bolsa de valores de Frankfurt (Freiverkehr).<span class=\"__1 _1bc\"> </span>(v) <span class=\"__1 _124\"> </span>Ha f<span class=\"__1 _6\"></span>inanciado la construcci\u00f3n de<span class=\"__1 _5\"></span> Puertollano 50 MW.<span class=\"__1 _1bc\"> </span>MAGNON <span class=\"__1 _8\"></span>realiz\u00f3 <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>ejercicio <span class=\"__1 _8\"></span>2022 <span class=\"__1 _8\"></span>recompras <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>Obligaciones<span class=\"__1 _6\"></span>/Notas <span class=\"__1 _8\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _6\"></span>ten\u00edan<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>un<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>ominal <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>14.00<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span>miles \u20ac por un importe d<span class=\"__1 _6\"></span>e 14.300 miles \u20ac. Esta financiaci\u00f3n<span class=\"__1 _6\"></span> incluye como principa<span class=\"__1 _6\"></span>les garant\u00edas prenda sob<span class=\"__1 _6\"></span>re las acciones de las sociedades del Grupo<span class=\"__1 _1bc\"> </span>que <span class=\"__1 _4\"></span>desarro<span class=\"__1 _6\"></span>llan <span class=\"__1 _4\"></span>su <span class=\"__1 _c8\"></span>actividad <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _c8\"></span>negocio <span class=\"__1 _4\"></span>ENERG\u00cdA <span class=\"__1 _c8\"></span>Renovable, <span class=\"__1 _c8\"></span>sobre <span class=\"__1 _4\"></span>sus<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>activos <span class=\"__1 _4\"></span>y <span class=\"__1 _c8\"></span>derechos <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>cob<span class=\"__1 _6\"></span>ro,<span class=\"__1 _1bc\"> </span>actuales y futu<span class=\"__1 _6\"></span>ros. Asimismo, <span class=\"__1 _6\"></span>esta <span class=\"__1 _8\"></span>financiaci\u00f3n <span class=\"__1 _6\"></span>incluy<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>determinadas <span class=\"__1 _8\"></span>obligaciones<span class=\"__1 _6\"></span>, <span class=\"__1 _8\"></span>habituales <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>te <span class=\"__1 _6\"></span>tipo <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>finan<span class=\"__1 _6\"></span>ciaci\u00f3n; <span class=\"__1 _6\"></span>el<span class=\"__1 _1bc\"> </span>suministro <span class=\"__1 _d1\"> </span>de <span class=\"__1 _cc\"> </span>determinada <span class=\"__1 _cc\"> </span>informaci\u00f3n <span class=\"__1 _d1\"> </span>de <span class=\"__1 _cc\"> </span>car\u00e1cter <span class=\"__1 _cc\"> </span>operativo<span class=\"__1 _6\"></span> <span class=\"__1 _cc\"> </span>y <span class=\"__1 _cc\"> </span>financiera, <span class=\"__1 _d1\"> </span>el <span class=\"__1 _cf\"> </span>cumplimi<span class=\"__1 _6\"></span>ento <span class=\"__1 _cc\"> </span>de<span class=\"__1 _1bc\"> </span>determinados <span class=\"__1 _6\"></span>ra<span class=\"__1 _6\"></span>tios <span class=\"__1 _6\"></span>econ\u00f3mi<span class=\"__1 _6\"></span>cos <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>solvencia <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>rentabilidad, <span class=\"__1 _8\"></span>y <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>mantenimi<span class=\"__1 _6\"></span>ento <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>n <span class=\"__1 _6\"></span>volu<span class=\"__1 _6\"></span>men <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>sto<span class=\"__1 _6\"></span>ck<span class=\"__1 _1bc\"> </span>de biomasa (almacenes y contratos de suministro) equivalente al consumo de 3 <span class=\"__1 _5\"></span>meses. Se estima que al <span class=\"__1 _5\"></span>31<span class=\"__1 _1bc\"> </span>de diciembre de 2023 y<span class=\"__1 _6\"></span> 2022 se cumplen \u00edn<span class=\"__1 _6\"></span>tegramente dichas<span class=\"__1 _6\"></span> obligaciones. El acuerdo de finan<span class=\"__1 _6\"></span>ciaci\u00f3n est<span class=\"__1 _6\"></span>ablece una teso<span class=\"__1 _6\"></span>rer\u00eda m\u00ednima d<span class=\"__1 _6\"></span>isponible en el <span class=\"__1 _6\"></span>per\u00edmetro de <span class=\"__1 _6\"></span>la financiaci\u00f3n<span class=\"__1 _6\"></span> de<span class=\"__1 _1bc\"> </span>al <span class=\"__1 _6\"></span>menos <span class=\"__1 _6\"></span>30 <span class=\"__1 _6\"></span>millones <span class=\"__1 _6\"></span><span class=\"ff6\">\u20ac</span>, <span class=\"__1 _6\"></span>consider\u00e1n<span class=\"__1 _6\"></span>dose <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>tal <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>disponible <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>tramo <span class=\"__1 _6\"></span>4\u00ba, <span class=\"__1 _8\"></span>as\u00ed <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>cumplimiento <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span>Ti<span class=\"__1 _6\"></span>po<span class=\"__1 _6\"></span> de<span class=\"__1 _1bc\"> </span>Di<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>pon<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _f\"> </span>Di<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>pu<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>o<span class=\"__1 _e5\"> </span>Ve<span class=\"__1 _70\"></span>nc<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>m<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>nto<span class=\"__1 _100\"> </span>I<span class=\"__1 _8\"></span>nte<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>\u00e9<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span> (i<span class=\"__1 _8\"></span>)<span class=\"__1 _1bc\"> </span>Ob<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ga<span class=\"__1 _8\"></span>ci<span class=\"__1 _4\"></span>\u00f3n/N<span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span> (i<span class=\"__1 _8\"></span>v)<span class=\"__1 _35\"> </span><span class=\"ls7f\">                     36<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>0 <span class=\"__1 _c1\"> </span>                     36<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span></span>di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>-2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> (i<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>)<span class=\"__1 _1bc\"> </span>3,4<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>%<span class=\"__1 _1bc\"> </span>Tra<span class=\"__1 _8\"></span>m<span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span> 1<span class=\"__1 _6\"></span>\u00ba                        9.33<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                        9<span class=\"__1 _6\"></span>.33<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>-2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>4<span class=\"__1 _91\"> </span>1<span class=\"__1 _6\"></span>,75<span class=\"__1 _6\"></span>%-3,2<span class=\"__1 _6\"></span>5%<span class=\"__1 _1bc\"> </span>Tra<span class=\"__1 _8\"></span>m<span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span> 2<span class=\"__1 _6\"></span>\u00ba                        6.00<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                        6<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span>di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>-2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> (i<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>)<span class=\"__1 _1bc\"> </span>3,4<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>%<span class=\"__1 _1bc\"> </span>Tra<span class=\"__1 _8\"></span>m<span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span> 3<span class=\"__1 _6\"></span>\u00ba<span class=\"__1 _5\"></span> (i<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>)                     21<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _d1\"> </span>                     2<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span>di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>-2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>4<span class=\"__1 _91\"> </span>1<span class=\"__1 _6\"></span>,75<span class=\"__1 _6\"></span>%-3,2<span class=\"__1 _6\"></span>5%<span class=\"__1 _1bc\"> </span>Tra<span class=\"__1 _8\"></span>m<span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span> 4<span class=\"__1 _6\"></span>\u00ba                     20<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _d0\"> </span>                               -  di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>-2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>4<span class=\"__1 _91\"> </span>1<span class=\"__1 _6\"></span>,25<span class=\"__1 _6\"></span>%-2,7<span class=\"__1 _6\"></span>5%<span class=\"__1 _1bc\"> </span>Ob<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ga<span class=\"__1 _8\"></span>ci<span class=\"__1 _4\"></span>\u00f3n/N<span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span> (i<span class=\"__1 _8\"></span>v) y <span class=\"__1 _6\"></span>(v)<span class=\"__1 _80\"> </span><span class=\"ls7f\">                     4<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.000<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>                     43<span class=\"__1 _6\"></span>.000<span class=\"__1 _1bc\"> </span></span>di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>-2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> (i<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>)<span class=\"__1 _1bc\"> </span>3,4<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>%<span class=\"__1 _1bc\"> </span>Tra<span class=\"__1 _8\"></span>m<span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span> 5<span class=\"__1 _6\"></span>\u00ba<span class=\"__1 _5\"></span> (v)                        7.65<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                        7<span class=\"__1 _6\"></span>.65<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span>di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>-2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>5<span class=\"__1 _91\"> </span>1<span class=\"__1 _6\"></span>,75<span class=\"__1 _6\"></span>%-3,2<span class=\"__1 _6\"></span>5%                   14<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>98<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span> <span class=\"__1 _cc\"> </span>                   12<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>98<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span> de<span class=\"__1 _5\"></span> Euros<span class=\"__1 _1bc\"> </span>determinados <span class=\"__1 _4\"></span>ratios <span class=\"__1 _4\"></span>ligados <span class=\"__1 _8\"></span>al <span class=\"__1 _4\"></span>endeudamiento, <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>situaci\u00f3n <span class=\"__1 _4\"></span>patrimonial <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>capacidad <span class=\"__1 _4\"></span>de<span class=\"__1 _5\"></span> <span class=\"__1 _4\"></span>ge<span class=\"__1 _5\"></span>neraci\u00f3n <span class=\"__1 _4\"></span>de<span class=\"__1 _1bc\"> </span>caja del negocio, para <span class=\"__1 _6\"></span>poder llevar<span class=\"__1 _6\"></span> a cabo el reparto d<span class=\"__1 _6\"></span>e dividendos<span class=\"__1 _6\"></span> y la obtenci\u00f3n de n<span class=\"__1 _6\"></span>ueva financiaci\u00f3n.<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _70\"></span>importe <span class=\"__1 _5\"></span>de <span class=\"__1 _5\"></span>las <span class=\"__1 _70\"></span>comision<span class=\"__1 _6\"></span>es <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>estructu<span class=\"__1 _6\"></span>raci\u00f3n <span class=\"__1 _70\"></span>y otros <span class=\"__1 _70\"></span>gastos incurridos <span class=\"__1 _70\"></span>en <span class=\"__1 _70\"></span>la obtenci\u00f3n <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>esta <span class=\"__1 _70\"></span>finan<span class=\"__1 _6\"></span>ciaci\u00f3n<span class=\"__1 _1bc\"> </span>fue de 5.813 miles \u20ac.<span class=\"__1 _1bc\"> </span>Al <span class=\"__1 _4\"></span>objeto <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>cubrir <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>riesgo <span class=\"__1 _4\"></span>derivado <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>con<span class=\"__1 _6\"></span>trata<span class=\"__1 _6\"></span>ci\u00f3n <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>esta <span class=\"__1 _4\"></span>financiaci\u00f3n <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>tipo <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>inter\u00e9s <span class=\"__1 _4\"></span>variable,<span class=\"__1 _1bc\"> </span>MAGNON reestructu<span class=\"__1 _6\"></span>r\u00f3, en <span class=\"__1 _6\"></span>el momento <span class=\"__1 _6\"></span>de la <span class=\"__1 _6\"></span>contrataci\u00f3n de <span class=\"__1 _8\"></span>esta financiaci\u00f3n<span class=\"__1 _6\"></span>, los <span class=\"__1 _6\"></span>contratos d<span class=\"__1 _6\"></span>e cobertura<span class=\"__1 _1bc\"> </span>que <span class=\"__1 _4\"></span>ten\u00eda <span class=\"__1 _4\"></span>suscritos <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>marco <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>financiaci\u00f3n <span class=\"__1 _4\"></span>previa. <span class=\"__1 _4\"></span>Los <span class=\"__1 _4\"></span>nuevos <span class=\"__1 _4\"></span>IRS <span class=\"__1 _4\"></span>cubren <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>90% <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>finan<span class=\"__1 _6\"></span>cia<span class=\"__1 _8\"></span>ci\u00f3n<span class=\"__1 _1bc\"> </span>dispuesta a<span class=\"__1 _6\"></span> un tipo fijo medio de 1,22% (v\u00e9ase N<span class=\"__1 _6\"></span>ota 30).<span class=\"__1 _1bc\"> </span>En <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>marco <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>esta <span class=\"__1 _6\"></span>financiaci\u00f3<span class=\"__1 _6\"></span>n <span class=\"__1 _6\"></span>Standar<span class=\"__1 _6\"></span>d <span class=\"__1 _6\"></span>&amp; <span class=\"__1 _8\"></span>Poor\u00b4s <span class=\"__1 _6\"></span>otorg\u00f3<span class=\"__1 _8\"></span> <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>Magnon <span class=\"__1 _8\"></span>Green <span class=\"__1 _6\"></span>Energy, <span class=\"__1 _8\"></span>S.L. <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>evaluaci\u00f3n <span class=\"__1 _6\"></span>E<span class=\"__1 _6\"></span>1,<span class=\"__1 _1bc\"> </span>m\u00e1xima  calificaci\u00f3n  en  su  es<span class=\"__1 _6\"></span>cala  de  evaluaci\u00f3n  de  criterios  medioambientales,<span class=\"__1 _6\"></span>  consider\u00e1ndo<span class=\"__1 _8\"></span>se  dicha<span class=\"__1 _1bc\"> </span>financiaci\u00f3n como \u201cfinanciaci<span class=\"__1 _6\"></span>\u00f3n verde\u201d.<span class=\"__1 _1bc\"> </span>28.2<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Otros pasivos financieros<span class=\"__1 _1bc\"> </span></span></span>El <span class=\"__1 _70\"></span>detalle <span class=\"__1 _5\"></span>de <span class=\"__1 _5\"></span>este <span class=\"__1 _70\"></span>ep\u00edgraf<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>del Estado <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>Situaci\u00f3n Financiera <span class=\"__1 _70\"></span>Consolidad<span class=\"__1 _6\"></span>o <span class=\"__1 _70\"></span>al <span class=\"__1 _5\"></span>31 <span class=\"__1 _70\"></span>de<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>diciembr<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>de 2023 <span class=\"__1 _70\"></span>y <span class=\"__1 _70\"></span>2022<span class=\"__1 _1bc\"> </span>es el siguiente:<span class=\"__1 _1bc\"> </span>Cor<span class=\"__1 _6\"></span>to pl<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>zo<span class=\"__1 _1bc\"> </span>2023<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span> de Euros<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>Di<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>pues<span class=\"__1 _6\"></span>to<span class=\"__1 _1bc\"> </span>2024<span class=\"__1 _162\"> </span>2025<span class=\"__1 _117\"> </span>2026<span class=\"__1 _117\"> </span>2027<span class=\"__1 _117\"> </span>2028<span class=\"__1 _20\"> </span><span class=\"ls0_1\">Si<span class=\"__1 _6\"></span>gui<span class=\"__1 _8\"></span>ent<span class=\"__1 _5\"></span>es<span class=\"__1 _1bc\"> </span></span>Tot<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span> L<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>go<span class=\"__1 _1bc\"> </span>pl<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>zo<span class=\"__1 _1bc\"> </span>Otros<span class=\"__1 _8\"></span> pa<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>vos<span class=\"__1 _8\"></span> fi<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>ero<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> Ne<span class=\"__1 _5\"></span>goci<span class=\"__1 _8\"></span>o CELU<span class=\"__1 _70\"></span>LOSA -<span class=\"__1 _1bc\"> </span>Fi<span class=\"__1 _6\"></span>na<span class=\"__1 _8\"></span>nci<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>\u00f3<span class=\"__1 _6\"></span>n or<span class=\"__1 _6\"></span>ga<span class=\"__1 _6\"></span>ni<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>mos<span class=\"__1 _6\"></span> p\u00fab<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>co<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>42<span class=\"__1 _6\"></span>.88<span class=\"__1 _6\"></span>5             8.73<span class=\"__1 _6\"></span>7 <span class=\"__1 _7c\"> </span>             8.13<span class=\"__1 _6\"></span>0 <span class=\"__1 _cd\"> </span>             8.161<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>             6<span class=\"__1 _6\"></span>.305<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>             6<span class=\"__1 _6\"></span>.316<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>             5.23<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span>34<span class=\"__1 _6\"></span>.14<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span>Pa<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>vos<span class=\"__1 _8\"></span> por<span class=\"__1 _6\"></span> derecho d<span class=\"__1 _6\"></span>e us<span class=\"__1 _6\"></span>o (Nota 1<span class=\"__1 _6\"></span>7)           42<span class=\"__1 _6\"></span>.003<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>             4.00<span class=\"__1 _6\"></span>5 <span class=\"__1 _7c\"> </span>             3<span class=\"__1 _6\"></span>.791<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>             3<span class=\"__1 _6\"></span>.128<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>             2.66<span class=\"__1 _6\"></span>7 <span class=\"__1 _cd\"> </span>             1.570<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>           26<span class=\"__1 _6\"></span>.842<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>           3<span class=\"__1 _6\"></span>7.99<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span>84<span class=\"__1 _6\"></span>.888<span class=\"__1 _153\"> </span>1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.742<span class=\"__1 _2c\"> </span>11<span class=\"__1 _6\"></span>.921<span class=\"__1 _49\"> </span>11.289<span class=\"__1 _b\"> </span>8.97<span class=\"__1 _6\"></span>2<span class=\"__1 _14d\"> </span>7<span class=\"__1 _6\"></span>.886<span class=\"__1 _153\"> </span>3<span class=\"__1 _6\"></span>2.07<span class=\"__1 _6\"></span>8<span class=\"__1 _153\"> </span>7<span class=\"__1 _6\"></span>2.14<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span>Otros<span class=\"__1 _8\"></span> pa<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>vos<span class=\"__1 _8\"></span> fi<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>ero<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> Ne<span class=\"__1 _5\"></span>goci<span class=\"__1 _8\"></span>o REN<span class=\"__1 _5\"></span>OVAB<span class=\"__1 _5\"></span>LE<span class=\"__1 _70\"></span>S <span class=\"__1 _6\"></span>-<span class=\"__1 _1bc\"> </span>Pa<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>vos<span class=\"__1 _8\"></span> por<span class=\"__1 _6\"></span> derecho d<span class=\"__1 _6\"></span>e us<span class=\"__1 _6\"></span>o (Nota 1<span class=\"__1 _6\"></span>7)<span class=\"__1 _1bc\"> </span>2.83<span class=\"__1 _6\"></span>2             1.10<span class=\"__1 _6\"></span>2 <span class=\"__1 _7e\"> </span>                 66<span class=\"__1 _6\"></span>5 <span class=\"__1 _150\"> </span>                 5<span class=\"__1 _6\"></span>16<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>                 320<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>                 15<span class=\"__1 _6\"></span>2 <span class=\"__1 _cb\"> </span>                   7<span class=\"__1 _6\"></span>7<span class=\"__1 _1bc\"> </span>1.73<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span>2.83<span class=\"__1 _6\"></span>2<span class=\"__1 _14d\"> </span>1.10<span class=\"__1 _6\"></span>2<span class=\"__1 _dd\"> </span><span class=\"ls80\">665<span class=\"__1 _108\"> </span>516<span class=\"__1 _25\"> </span>320<span class=\"__1 _103\"> </span>152<span class=\"__1 _18\"> </span>77<span class=\"__1 _f9\"> </span></span>1.73<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span>87<span class=\"__1 _6\"></span>.720<span class=\"__1 _153\"> </span>1<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.844<span class=\"__1 _2c\"> </span>12<span class=\"__1 _6\"></span>.586<span class=\"__1 _49\"> </span>11.805<span class=\"__1 _b\"> </span>9.29<span class=\"__1 _6\"></span>2<span class=\"__1 _14d\"> </span>8<span class=\"__1 _6\"></span>.038<span class=\"__1 _153\"> </span>3<span class=\"__1 _6\"></span>2.15<span class=\"__1 _6\"></span>5<span class=\"__1 _153\"> </span>7<span class=\"__1 _6\"></span>3.87<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span>Ve<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>mi<span class=\"__1 _6\"></span>ent<span class=\"__1 _5\"></span>o en e<span class=\"__1 _5\"></span>l<span class=\"__1 _6\"></span> a<span class=\"__1 _6\"></span>\u00f1<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>2022<span class=\"__1 _1bc\"> </span>Cor<span class=\"__1 _6\"></span>to pl<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>zo<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span> de Euros<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>Di<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>pues<span class=\"__1 _6\"></span>to<span class=\"__1 _1bc\"> </span>2023<span class=\"__1 _15\"> </span>2024<span class=\"__1 _117\"> </span>2025<span class=\"__1 _67\"> </span>2026<span class=\"__1 _67\"> </span>2027<span class=\"__1 _110\"> </span><span class=\"ls0_1\">Si<span class=\"__1 _8\"></span>gui<span class=\"__1 _6\"></span>ente<span class=\"__1 _5\"></span>s<span class=\"__1 _1bc\"> </span></span>Tot<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span> L<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>go<span class=\"__1 _1bc\"> </span>pl<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>zo<span class=\"__1 _1bc\"> </span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> pa<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>os<span class=\"__1 _6\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>eros<span class=\"__1 _6\"></span> Neg<span class=\"__1 _5\"></span>oc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>o CELU<span class=\"__1 _5\"></span>LOSA<span class=\"__1 _5\"></span> -<span class=\"__1 _1bc\"> </span>Fi<span class=\"__1 _6\"></span>na<span class=\"__1 _8\"></span>nci<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n or<span class=\"__1 _6\"></span>ga<span class=\"__1 _6\"></span>ni<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>mos<span class=\"__1 _6\"></span> p\u00fab<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>co<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>49<span class=\"__1 _6\"></span>.97<span class=\"__1 _6\"></span>3<span class=\"__1 _14d\"> </span>8<span class=\"__1 _6\"></span>.34<span class=\"__1 _6\"></span>0<span class=\"__1 _129\"> </span>8.23<span class=\"__1 _6\"></span>4<span class=\"__1 _b\"> </span>8.1<span class=\"__1 _6\"></span>09<span class=\"__1 _b\"> </span>8<span class=\"__1 _6\"></span>.109<span class=\"__1 _b\"> </span>6<span class=\"__1 _6\"></span>.22<span class=\"__1 _6\"></span>1<span class=\"__1 _153\"> </span>1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.960<span class=\"__1 _49\"> </span>41<span class=\"__1 _6\"></span>.633<span class=\"__1 _1bc\"> </span>Pa<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>vos<span class=\"__1 _8\"></span> por<span class=\"__1 _6\"></span> derecho <span class=\"__1 _6\"></span>de us<span class=\"__1 _6\"></span>o (nota<span class=\"__1 _6\"></span> 1<span class=\"__1 _6\"></span>7)           37<span class=\"__1 _6\"></span>.603<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>             3<span class=\"__1 _6\"></span>.015<span class=\"__1 _6\"></span> <span class=\"__1 _113\"> </span>             2<span class=\"__1 _6\"></span>.508<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>             2<span class=\"__1 _6\"></span>.939<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>             1<span class=\"__1 _6\"></span>.830<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>             1.47<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>           25<span class=\"__1 _6\"></span>.832<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>           34<span class=\"__1 _6\"></span>.588<span class=\"__1 _1bc\"> </span>87<span class=\"__1 _6\"></span>.576<span class=\"__1 _49\"> </span>11.35<span class=\"__1 _6\"></span>5<span class=\"__1 _99\"> </span>1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.742<span class=\"__1 _49\"> </span>11.04<span class=\"__1 _6\"></span>8<span class=\"__1 _b\"> </span>9.93<span class=\"__1 _6\"></span>9<span class=\"__1 _b\"> </span>7.70<span class=\"__1 _6\"></span>0<span class=\"__1 _153\"> </span>3<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.792<span class=\"__1 _49\"> </span>76.22<span class=\"__1 _6\"></span>1<span class=\"__1 _1bc\"> </span>Otro<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> pa<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>os<span class=\"__1 _6\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>eros<span class=\"__1 _6\"></span> Neg<span class=\"__1 _5\"></span>oc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>o ENE<span class=\"__1 _5\"></span>RGIA REN<span class=\"__1 _70\"></span>O<span class=\"__1 _6\"></span>VA<span class=\"__1 _70\"></span>BLE -<span class=\"__1 _1bc\"> </span>Pa<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>vos<span class=\"__1 _8\"></span> por<span class=\"__1 _6\"></span> derecho <span class=\"__1 _6\"></span>de us<span class=\"__1 _6\"></span>o (nota<span class=\"__1 _6\"></span> 1<span class=\"__1 _6\"></span>7)<span class=\"__1 _1bc\"> </span>1.69<span class=\"__1 _6\"></span>7<span class=\"__1 _25\"> </span><span class=\"ls82\">661<span class=\"__1 _35\"> </span>389<span class=\"__1 _25\"> </span>288<span class=\"__1 _108\"> </span>192<span class=\"__1 _18\"> </span>50<span class=\"__1 _25\"> </span>117<span class=\"__1 _14d\"> </span></span>1.03<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span>1.69<span class=\"__1 _6\"></span>7<span class=\"__1 _25\"> </span><span class=\"ls82\">661<span class=\"__1 _111\"> </span>389<span class=\"__1 _25\"> </span>288<span class=\"__1 _25\"> </span>192<span class=\"__1 _18\"> </span>50<span class=\"__1 _25\"> </span>117<span class=\"__1 _f9\"> </span></span>1<span class=\"__1 _6\"></span>.036<span class=\"__1 _1bc\"> </span>89<span class=\"__1 _6\"></span>.273<span class=\"__1 _49\"> </span>12.01<span class=\"__1 _6\"></span>6<span class=\"__1 _99\"> </span>1<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.131<span class=\"__1 _49\"> </span>11.33<span class=\"__1 _6\"></span>6<span class=\"__1 _153\"> </span>1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.131<span class=\"__1 _b\"> </span>7<span class=\"__1 _6\"></span>.750<span class=\"__1 _49\"> </span>36.90<span class=\"__1 _6\"></span>9<span class=\"__1 _153\"> </span>7<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.257<span class=\"__1 _1bc\"> </span>Ve<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>mi<span class=\"__1 _6\"></span>ent<span class=\"__1 _5\"></span>o en e<span class=\"__1 _5\"></span>l<span class=\"__1 _6\"></span> a<span class=\"__1 _6\"></span>\u00f1<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>La <span class=\"__1 _c8\"> </span>cuenta<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>\u201cFina<span class=\"__1 _6\"></span>nciaci\u00f3n <span class=\"__1 _c8\"> </span>o<span class=\"__1 _6\"></span>rganismos<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>p\u00fab<span class=\"__1 _6\"></span>licos\u201d <span class=\"__1 _c8\"> </span>corres<span class=\"__1 _6\"></span>ponde <span class=\"__1 _c8\"> </span>fund<span class=\"__1 _6\"></span>amentalmente <span class=\"__1 _c8\"> </span>a <span class=\"__1 _c6\"> </span>pr<span class=\"__1 _6\"></span>\u00e9stamos <span class=\"__1 _c6\"> </span>obtenidos,<span class=\"__1 _1bc\"> </span> normalmente <span class=\"__1 _c8\"> </span>a <span class=\"__1 _c8\"> </span>tip<span class=\"__1 _6\"></span>os <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"></span>inter\u00e9s <span class=\"__1 _c8\"></span>favorables, <span class=\"__1 _c8\"> </span>que <span class=\"__1 _c8\"> </span>financian <span class=\"__1 _c8\"> </span>pro<span class=\"__1 _6\"></span>yectos <span class=\"__1 _c8\"></span>para <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c8\"> </span>ampliaci\u00f3n <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c6\"> </span>mejora <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"> </span>la<span class=\"__1 _1bc\"> </span> capacidad productiv<span class=\"__1 _6\"></span>a de <span class=\"__1 _5\"></span>las biof\u00e1bricas de producci\u00f3n de celulosa, as\u00ed como el desarrollo de <span class=\"__1 _5\"></span>actividades de<span class=\"__1 _1bc\"> </span> I+D+i en <span class=\"__1 _6\"></span>EN<span class=\"__1 _6\"></span>CE. <span class=\"__1 _6\"></span>Su <span class=\"__1 _6\"></span>plazo <span class=\"__1 _6\"></span>de amortizaci\u00f3n <span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>10 <span class=\"__1 _6\"></span>a\u00f1os, <span class=\"__1 _6\"></span>con un <span class=\"__1 _6\"></span>periodo <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>carencia <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>3 a\u00f1<span class=\"__1 _6\"></span>os, y <span class=\"__1 _6\"></span>devengan<span class=\"__1 _1bc\"> </span> un tipo de in<span class=\"__1 _6\"></span>ter\u00e9s fijo que se sit\u00faa <span class=\"__1 _6\"></span>en el rango 1%-2,2<span class=\"__1 _6\"></span>9%.<span class=\"__1 _1bc\"> </span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDebtSecuritiesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-566": {
   "value": "28.1<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Deudas con entidades de cr\u00e9d<span class=\"__1 _5\"></span>ito y mercado de<span class=\"__1 _5\"></span> capitales<span class=\"__1 _1bc\"> </span></span></span>La <span class=\"__1 _5\"></span>composici\u00f3n de <span class=\"__1 _70\"></span>las <span class=\"__1 _5\"></span>deudas <span class=\"__1 _70\"></span>con entidades <span class=\"__1 _5\"></span>de <span class=\"__1 _5\"></span>cr\u00e9dito <span class=\"__1 _5\"></span>al <span class=\"__1 _70\"></span>31 de <span class=\"__1 _70\"></span>diciembre <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>20<span class=\"__1 _6\"></span>23 <span class=\"__1 _5\"></span>y <span class=\"__1 _5\"></span>2022, <span class=\"__1 _70\"></span>corresp<span class=\"__1 _6\"></span>ondientes<span class=\"__1 _1bc\"> </span>a pr\u00e9stamos y<span class=\"__1 _6\"></span> l\u00edneas de descuento, clas<span class=\"__1 _6\"></span>ificadas de <span class=\"__1 _6\"></span>acuerdo con s<span class=\"__1 _6\"></span>us vencimientos, es la<span class=\"__1 _6\"></span> siguiente:<span class=\"__1 _1bc\"> </span>2023<span class=\"__1 _1bc\"> </span>Cor<span class=\"__1 _6\"></span>to pl<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>zo<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es d<span class=\"__1 _6\"></span>e E<span class=\"__1 _70\"></span>u<span class=\"__1 _6\"></span>ro<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>L\u00edm<span class=\"__1 _70\"></span>i<span class=\"__1 _8\"></span>te<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>do<span class=\"__1 _1bc\"> </span>Di<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>pues<span class=\"__1 _6\"></span>to<span class=\"__1 _1bc\"> </span>2024<span class=\"__1 _1f\"> </span>2025<span class=\"__1 _fb\"> </span>2026<span class=\"__1 _103\"> </span>2027<span class=\"__1 _153\"> </span><span class=\"ls0_1\">Si<span class=\"__1 _8\"></span>gui<span class=\"__1 _6\"></span>ente<span class=\"__1 _70\"></span>s<span class=\"__1 _1bc\"> </span></span>Tot<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span> Lar<span class=\"__1 _6\"></span>go<span class=\"__1 _1bc\"> </span>Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>zo<span class=\"__1 _1bc\"> </span>Deuda<span class=\"__1 _6\"></span> fi<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>era<span class=\"__1 _6\"></span> Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o CEL<span class=\"__1 _5\"></span>UL<span class=\"__1 _70\"></span>O<span class=\"__1 _6\"></span>SA -<span class=\"__1 _1bc\"> </span>Obl<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ga<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> em<span class=\"__1 _5\"></span>i<span class=\"__1 _6\"></span>ti<span class=\"__1 _8\"></span>da<span class=\"__1 _6\"></span>s           53<span class=\"__1 _6\"></span>.047<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>           53<span class=\"__1 _6\"></span>.04<span class=\"__1 _6\"></span>7 <span class=\"__1 _cd\"> </span>           5<span class=\"__1 _6\"></span>3.04<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span> <span class=\"__1 _178\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _150\"> </span>                     - L\u00edne<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span> de cr<span class=\"__1 _6\"></span>\u00e9<span class=\"__1 _5\"></span>di<span class=\"__1 _8\"></span>to \u2013<span class=\"__1 _70\"></span> r<span class=\"__1 _6\"></span>evol<span class=\"__1 _8\"></span>vi<span class=\"__1 _6\"></span>ng         13<span class=\"__1 _6\"></span>0.00<span class=\"__1 _6\"></span>0 <span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _c4\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _150\"> </span>                     - Pr<span class=\"__1 _6\"></span>\u00e9s<span class=\"__1 _6\"></span>tamos<span class=\"__1 _6\"></span> b<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>os         39<span class=\"__1 _6\"></span>0.50<span class=\"__1 _6\"></span>0 <span class=\"__1 _c9\"> </span>         3<span class=\"__1 _6\"></span>60<span class=\"__1 _6\"></span>.500<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>           82<span class=\"__1 _6\"></span>.44<span class=\"__1 _6\"></span>4 <span class=\"__1 _bd\"> </span>           7<span class=\"__1 _6\"></span>5.61<span class=\"__1 _6\"></span>0 <span class=\"__1 _cd\"> </span>           7<span class=\"__1 _6\"></span>8.82<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>           67<span class=\"__1 _6\"></span>.301<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>           5<span class=\"__1 _6\"></span>6.31<span class=\"__1 _6\"></span>6 <span class=\"__1 _c9\"> </span>         27<span class=\"__1 _6\"></span>8.05<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span>Cos<span class=\"__1 _6\"></span>tes <span class=\"__1 _6\"></span>de e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>truc<span class=\"__1 _6\"></span>tura<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3n                     -   <span class=\"__1 _bf\"></span>               (90<span class=\"__1 _6\"></span>2)<span class=\"__1 _cd\"> </span>               (2<span class=\"__1 _6\"></span>85<span class=\"__1 _6\"></span>)<span class=\"__1 _bd\"> </span>               (26<span class=\"__1 _6\"></span>1)<span class=\"__1 _cd\"> </span>               (1<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>4)<span class=\"__1 _cd\"> </span>               (1<span class=\"__1 _6\"></span>06<span class=\"__1 _6\"></span>)<span class=\"__1 _150\"> </span>                  (6<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>               (61<span class=\"__1 _6\"></span>6)<span class=\"__1 _1bc\"> </span>Deuda<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> po<span class=\"__1 _6\"></span>r i<span class=\"__1 _8\"></span>ntere<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>, cu<span class=\"__1 _6\"></span>p\u00f3n y<span class=\"__1 _6\"></span> otros                     -   <span class=\"__1 _70\"></span>              2<span class=\"__1 _6\"></span>.303<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>              2<span class=\"__1 _6\"></span>.303<span class=\"__1 _6\"></span> <span class=\"__1 _178\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -          57<span class=\"__1 _6\"></span>3.54<span class=\"__1 _6\"></span>7 <span class=\"__1 _c9\"> </span>         41<span class=\"__1 _6\"></span>4.94<span class=\"__1 _6\"></span>8 <span class=\"__1 _c9\"> </span>         13<span class=\"__1 _6\"></span>7.50<span class=\"__1 _6\"></span>9 <span class=\"__1 _b7\"> </span>           75.34<span class=\"__1 _6\"></span>9 <span class=\"__1 _cd\"> </span>           7<span class=\"__1 _6\"></span>8.64<span class=\"__1 _6\"></span>5 <span class=\"__1 _cd\"> </span>           6<span class=\"__1 _6\"></span>7.19<span class=\"__1 _6\"></span>5 <span class=\"__1 _cd\"> </span>           5<span class=\"__1 _6\"></span>6.25<span class=\"__1 _6\"></span>1 <span class=\"__1 _cd\"> </span>         2<span class=\"__1 _6\"></span>77<span class=\"__1 _6\"></span>.440<span class=\"__1 _1bc\"> </span>Deuda<span class=\"__1 _6\"></span> fi<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>era<span class=\"__1 _6\"></span> Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o REN<span class=\"__1 _5\"></span>OVA<span class=\"__1 _5\"></span>BL<span class=\"__1 _5\"></span>ES -<span class=\"__1 _1bc\"> </span>Obl<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ga<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> em<span class=\"__1 _5\"></span>i<span class=\"__1 _6\"></span>ti<span class=\"__1 _8\"></span>da<span class=\"__1 _6\"></span>s           79<span class=\"__1 _6\"></span>.000<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>           79<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>0 <span class=\"__1 _cc\"> </span>                     -   <span class=\"__1 _c5\"> </span>           79.00<span class=\"__1 _6\"></span>0 <span class=\"__1 _cc\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _cb\"> </span>           7<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>.000<span class=\"__1 _1bc\"> </span>L\u00edne<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span> de cr<span class=\"__1 _6\"></span>\u00e9<span class=\"__1 _5\"></span>di<span class=\"__1 _8\"></span>to \u2013<span class=\"__1 _70\"></span> r<span class=\"__1 _6\"></span>evol<span class=\"__1 _8\"></span>vi<span class=\"__1 _6\"></span>ng           20<span class=\"__1 _6\"></span>.000<span class=\"__1 _6\"></span> <span class=\"__1 _cc\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _145\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _d1\"> </span>                     - Pr<span class=\"__1 _6\"></span>\u00e9s<span class=\"__1 _6\"></span>tamos<span class=\"__1 _6\"></span> b<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>os           43<span class=\"__1 _6\"></span>.983<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>           43<span class=\"__1 _6\"></span>.98<span class=\"__1 _6\"></span>3 <span class=\"__1 _c1\"> </span>           33.73<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span> <span class=\"__1 _b7\"> </span>           1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.250<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _c9\"> </span>           10.25<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span>Cos<span class=\"__1 _6\"></span>tes <span class=\"__1 _6\"></span>de e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>truc<span class=\"__1 _6\"></span>tura<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3n                     -   <span class=\"__1 _4\"> </span>               (515<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>               (18<span class=\"__1 _6\"></span>0)<span class=\"__1 _bd\"> </span>               (33<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>)<span class=\"__1 _cc\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -                   (3<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>5)<span class=\"__1 _1bc\"> </span>Deuda<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> po<span class=\"__1 _6\"></span>r i<span class=\"__1 _8\"></span>ntere<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>, cu<span class=\"__1 _6\"></span>p\u00f3n y<span class=\"__1 _6\"></span> otros                     -                       48<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                   48<span class=\"__1 _6\"></span> <span class=\"__1 _a8\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _d1\"> </span>                     - 14<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.983<span class=\"__1 _ab\"> </span>12<span class=\"__1 _6\"></span>2.51<span class=\"__1 _6\"></span>6<span class=\"__1 _125\"> </span>3<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.601<span class=\"__1 _16\"> </span>88<span class=\"__1 _6\"></span>.915<span class=\"__1 _aa\"> </span><span class=\"ff4 ls7b\">                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _bf\"></span><span class=\"ff3_1\">           88<span class=\"__1 _6\"></span>.915<span class=\"__1 _1bc\"> </span></span></span>71<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.530<span class=\"__1 _ab\"> </span>53<span class=\"__1 _6\"></span>7.46<span class=\"__1 _6\"></span>4<span class=\"__1 _20\"> </span>1<span class=\"__1 _6\"></span>71<span class=\"__1 _6\"></span>.11<span class=\"__1 _6\"></span>0<span class=\"__1 _10c\"> </span>16<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>.264<span class=\"__1 _80\"> </span>78<span class=\"__1 _6\"></span>.64<span class=\"__1 _6\"></span>5<span class=\"__1 _125\"> </span>6<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>19<span class=\"__1 _6\"></span>5<span class=\"__1 _80\"> </span>56<span class=\"__1 _6\"></span>.251<span class=\"__1 _ab\"> </span>36<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.355<span class=\"__1 _1bc\"> </span>Ve<span class=\"__1 _70\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>mi<span class=\"__1 _6\"></span>ent<span class=\"__1 _5\"></span>o en e<span class=\"__1 _5\"></span>l<span class=\"__1 _6\"></span> a<span class=\"__1 _8\"></span>\u00f1o<span class=\"__1 _1bc\"> </span>Cada <span class=\"__1 _8\"></span>negocio <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>financia <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>forma <span class=\"__1 _8\"></span>independiente <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>otro.<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>No <span class=\"__1 _8\"></span>hay <span class=\"__1 _8\"></span>recurso <span class=\"__1 _8\"></span>o <span class=\"__1 _8\"></span>gara<span class=\"__1 _6\"></span>nt\u00edas <span class=\"__1 _8\"></span>significativas <span class=\"__1 _8\"></span>entre<span class=\"__1 _1bc\"> </span>ambos.<span class=\"__1 _1bc\"> </span>Los <span class=\"__1 _8\"></span>pagos<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>intereses <span class=\"__1 _8\"></span>previstos <span class=\"__1 _4\"></span>a <span class=\"__1 _8\"></span>futuro <span class=\"__1 _8\"></span><span class=\"ff6\">asociad<span class=\"__1 _6\"></span>os <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>\u201cDeudas <span class=\"__1 _8\"></span>con <span class=\"__1 _8\"></span>entidades<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>cr\u00e9dito <span class=\"__1 _8\"></span>y<span class=\"__1 _6\"></span></span> <span class=\"__1 _8\"></span>mercado <span class=\"__1 _8\"></span>de<span class=\"__1 _1bc\"> </span>capitales\u201d <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c8\"></span>\u201cOtros <span class=\"__1 _c8\"></span>pasivos <span class=\"__1 _c8\"></span>financieros <span class=\"__1 _c8\"> </span>\u2013<span class=\"ff4\"> <span class=\"__1 _c8\"> </span></span>financiaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>organ<span class=\"__1 _6\"></span>ismos <span class=\"__1 _c8\"></span>p\u00fablicos\u201d, <span class=\"__1 _c8\"> </span>considerando <span class=\"__1 _c6\"> </span><span class=\"ff4\">los <span class=\"__1 _c8\"> </span>niveles <span class=\"__1 _c8\"> </span>de<span class=\"__1 _1bc\"> </span></span>endeudamiento <span class=\"__1 _c8\"> </span>y<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>tipos <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>in<span class=\"__1 _6\"></span>ter\u00e9s <span class=\"__1 _c8\"> </span>actuales<span class=\"__1 _6\"></span>, <span class=\"__1 _c8\"> </span>se <span class=\"__1 _c8\"> </span>situ<span class=\"__1 _6\"></span>ar\u00e1n <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c8\"> </span>el <span class=\"__1 _c8\"> </span>entorn<span class=\"__1 _6\"></span>o <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>los <span class=\"__1 _c8\"> </span>15<span class=\"__1 _6\"></span>-<span class=\"ff6\">18 <span class=\"__1 _c8\"> </span>millones <span class=\"__1 _c8\"> </span>\u20ac <span class=\"__1 _c6\"> </span></span>en <span class=\"__1 _c8\"> </span>ENCE<span class=\"__1 _1bc\"> </span>Celulosa y en el entorn<span class=\"__1 _6\"></span>o de los 6 <span class=\"__1 _6\"></span>- 8 <span class=\"ff6\">millones \u20ac</span> en EN<span class=\"__1 _6\"></span>CE Renovab<span class=\"__1 _6\"></span>les.<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _c8\"> </span>coste <span class=\"__1 _c8\"> </span>medio <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"></span>la <span class=\"__1 _c8\"></span>deuda <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>E<span class=\"__1 _6\"></span>NCE <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c8\"> </span>2023 <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c8\"> </span>2022 <span class=\"__1 _c8\"> </span>h<span class=\"__1 _6\"></span>a <span class=\"__1 _c8\"> </span>sido <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _c8\"></span>4,64% <span class=\"__1 _c8\"></span>y <span class=\"__1 _c8\"> </span>2,13%, <span class=\"__1 _c8\"> </span>respectivamente. <span class=\"__1 _c8\"> </span>Por<span class=\"__1 _1bc\"> </span>negocios, ENCE<span class=\"__1 _6\"></span> Celulosa ha t<span class=\"__1 _6\"></span>enido u<span class=\"__1 _6\"></span>n coste medio<span class=\"__1 _6\"></span> en dicho<span class=\"__1 _6\"></span>s periodos<span class=\"__1 _6\"></span> del 4,68% y 1,5<span class=\"__1 _6\"></span>5%, respectiva<span class=\"__1 _8\"></span>mente,<span class=\"__1 _1bc\"> </span>y el ENCE Renov<span class=\"__1 _6\"></span>ables del 4,51% y 4,03%, respectivam<span class=\"__1 _6\"></span>ente.<span class=\"__1 _1bc\"> </span>Al <span class=\"__1 _4\"></span>31 <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>diciembre <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>2023 <span class=\"__1 _4\"></span>ENCE <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>las <span class=\"__1 _4\"></span>empresas <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>Grupo <span class=\"__1 _4\"></span>cumplen <span class=\"__1 _4\"></span>\u00edntegramente <span class=\"__1 _4\"></span>con <span class=\"__1 _4\"></span>sus <span class=\"__1 _4\"></span>obligaciones<span class=\"__1 _1bc\"> </span>financieras <span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>cualquier <span class=\"__1 _6\"></span>otro <span class=\"__1 _6\"></span>tipo<span class=\"__1 _6\"></span>, <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>pudieran <span class=\"__1 _6\"></span>dar <span class=\"__1 _6\"></span>lugar <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>vencimiento <span class=\"__1 _6\"></span>anticipado <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>su<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>comp<span class=\"__1 _6\"></span>romisos<span class=\"__1 _1bc\"> </span>financieros. La <span class=\"__1 _c9\"> </span>financiaci\u00f3n <span class=\"__1 _c9\"> </span>de <span class=\"__1 _c9\"> </span>ENCE <span class=\"__1 _c9\"> </span>no <span class=\"__1 _cb\"> </span>est\u00e1 <span class=\"__1 _c9\"> </span>sujeta <span class=\"__1 _c9\"> </span>a <span class=\"__1 _c9\"> </span>ning\u00fan <span class=\"__1 _c9\"> </span>tipo <span class=\"__1 _cb\"> </span>de <span class=\"__1 _c9\"> </span>cl\u00e1usula <span class=\"__1 _c9\"> </span>que <span class=\"__1 _c9\"> </span>implique <span class=\"__1 _c9\"> </span>su <span class=\"__1 _c9\"> </span>modificaci\u00f3n <span class=\"__1 _cb\"> </span>o<span class=\"__1 _1bc\"> </span>renegociaci\u00f3n como cons<span class=\"__1 _6\"></span>ecuencia de un<span class=\"__1 _6\"></span>a variaci\u00f3n en la ca<span class=\"__1 _6\"></span>lificaci\u00f3n crediticia.<span class=\"__1 _1bc\"> </span>Endeuda<span class=\"__1 _5\"></span>miento ENCE Celulosa<span class=\"__1 _1bc\"> </span>Bono convertible y l\u00ednea <span class=\"__1 _6\"></span>de cr\u00e9d<span class=\"__1 _6\"></span>ito revolving<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _5\"></span>5 <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>marzo de <span class=\"__1 _70\"></span>2018 ENCE <span class=\"__1 _5\"></span>complet\u00f3 <span class=\"__1 _70\"></span>el proceso <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>colocac<span class=\"__1 _6\"></span>i\u00f3n, entre <span class=\"__1 _70\"></span>invers<span class=\"__1 _6\"></span>ores <span class=\"__1 _5\"></span>institucionales cualificados,<span class=\"__1 _1bc\"> </span>de una emisi\u00f3n d<span class=\"__1 _6\"></span>e bonos convertibles en a<span class=\"__1 _6\"></span>cciones ordinarias<span class=\"__1 _6\"></span> por importe de 160 millon<span class=\"__1 _6\"></span>es de euros<span class=\"__1 _6\"></span>. Los principales<span class=\"__1 _6\"></span> t\u00e9rminos y condiciones d<span class=\"__1 _6\"></span>e la emisi\u00f3n eran lo<span class=\"__1 _6\"></span>s siguientes:<span class=\"__1 _1bc\"> </span>2022<span class=\"__1 _1bc\"> </span>Cor<span class=\"__1 _6\"></span>to pl<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>zo<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de E<span class=\"__1 _5\"></span>ur<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>L\u00edm<span class=\"__1 _70\"></span>i<span class=\"__1 _8\"></span>te<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>do<span class=\"__1 _1bc\"> </span>Di<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>pu<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span>to<span class=\"__1 _1bc\"> </span>2023<span class=\"__1 _f\"> </span>2024<span class=\"__1 _97\"> </span>2025<span class=\"__1 _4d\"> </span>2026<span class=\"__1 _1bc\"> </span>Tot<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span> Lar<span class=\"__1 _6\"></span>go<span class=\"__1 _1bc\"> </span>Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>zo<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _5\"></span>uda<span class=\"__1 _8\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>era<span class=\"__1 _6\"></span> Ne<span class=\"__1 _5\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span> CEL<span class=\"__1 _70\"></span>ULOSA<span class=\"__1 _5\"></span> -<span class=\"__1 _1bc\"> </span>Ob<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ga<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span> em<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>ti<span class=\"__1 _6\"></span>da<span class=\"__1 _6\"></span>s           63<span class=\"__1 _6\"></span>.300<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>           6<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.300<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>           6<span class=\"__1 _6\"></span>3.30<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _15d\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     - L\u00edne<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span> de cr<span class=\"__1 _6\"></span>\u00e9<span class=\"__1 _5\"></span>di<span class=\"__1 _8\"></span>to \u2013<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>revol<span class=\"__1 _8\"></span>vi<span class=\"__1 _8\"></span>ng         13<span class=\"__1 _6\"></span>0.00<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _bd\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _150\"> </span>                     - Pr<span class=\"__1 _6\"></span>\u00e9s<span class=\"__1 _6\"></span>tamos<span class=\"__1 _8\"></span> ba<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>ri<span class=\"__1 _8\"></span>os           95<span class=\"__1 _6\"></span>.000<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>           9<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.000<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>              7.50<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _a8\"> </span>           28<span class=\"__1 _6\"></span>.41<span class=\"__1 _6\"></span>4 <span class=\"__1 _ce\"> </span>           4<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.981<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>           1<span class=\"__1 _6\"></span>5.10<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>           87<span class=\"__1 _6\"></span>.50<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span>Cos<span class=\"__1 _8\"></span>te<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> de e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>truc<span class=\"__1 _6\"></span>tura<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3n                     -   <span class=\"__1 _bf\"></span>               (53<span class=\"__1 _6\"></span>9)<span class=\"__1 _b5\"> </span>                     -   <span class=\"__1 _aa\"> </span>               (30<span class=\"__1 _6\"></span>9)<span class=\"__1 _cf\"> </span>               (15<span class=\"__1 _6\"></span>4)<span class=\"__1 _cb\"> </span>                  (7<span class=\"__1 _6\"></span>6)<span class=\"__1 _cf\"> </span>               (53<span class=\"__1 _6\"></span>9)<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _5\"></span>uda<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> p<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>nte<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>, cup<span class=\"__1 _6\"></span>\u00f3n y o<span class=\"__1 _6\"></span>tros                     -   <span class=\"__1 _70\"></span>              1<span class=\"__1 _6\"></span>.186<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>              1.18<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span> <span class=\"__1 _15d\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -          28<span class=\"__1 _6\"></span>8.30<span class=\"__1 _6\"></span>0 <span class=\"__1 _cd\"> </span>         15<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>94<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>           7<span class=\"__1 _6\"></span>1.98<span class=\"__1 _6\"></span>6 <span class=\"__1 _a8\"> </span>           2<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>10<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>           43<span class=\"__1 _6\"></span>.827<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>           1<span class=\"__1 _6\"></span>5.02<span class=\"__1 _6\"></span>9 <span class=\"__1 _ce\"> </span>           8<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>96<span class=\"__1 _6\"></span>1<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _5\"></span>uda<span class=\"__1 _8\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>era<span class=\"__1 _6\"></span> Ne<span class=\"__1 _5\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span> EN<span class=\"__1 _70\"></span>ERGIA RE<span class=\"__1 _5\"></span>NOVA<span class=\"__1 _70\"></span>BLE<span class=\"__1 _70\"></span> -<span class=\"__1 _1bc\"> </span>Ob<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ga<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span> em<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>ti<span class=\"__1 _6\"></span>da<span class=\"__1 _6\"></span>s           79<span class=\"__1 _6\"></span>.000<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>           7<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>.000<span class=\"__1 _6\"></span> <span class=\"__1 _d1\"> </span>                     -   <span class=\"__1 _bd\"> </span>                     -               79<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>0 <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _c9\"> </span>           79<span class=\"__1 _6\"></span>.000<span class=\"__1 _1bc\"> </span>L\u00edne<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span> de cr<span class=\"__1 _6\"></span>\u00e9<span class=\"__1 _5\"></span>di<span class=\"__1 _8\"></span>to \u2013<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>revol<span class=\"__1 _8\"></span>vi<span class=\"__1 _8\"></span>ng           20<span class=\"__1 _6\"></span>.000<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -   <span class=\"__1 _bd\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _150\"> </span>                     -  Pr<span class=\"__1 _6\"></span>\u00e9s<span class=\"__1 _6\"></span>tamos<span class=\"__1 _8\"></span> ba<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>ri<span class=\"__1 _8\"></span>os           71<span class=\"__1 _6\"></span>.050<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>           7<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.050<span class=\"__1 _6\"></span> <span class=\"__1 _179\"> </span>           27<span class=\"__1 _6\"></span>.067<span class=\"__1 _6\"></span> <span class=\"__1 _a8\"> </span>           3<span class=\"__1 _6\"></span>3.73<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>           1<span class=\"__1 _6\"></span>0.25<span class=\"__1 _6\"></span>0 <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _c9\"> </span>           4<span class=\"__1 _6\"></span>3.98<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>Cos<span class=\"__1 _8\"></span>te<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> de e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>truc<span class=\"__1 _6\"></span>tura<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3n                     -   <span class=\"__1 _8\"></span>            (1.09<span class=\"__1 _6\"></span>4)<span class=\"__1 _51\"> </span>                     -   <span class=\"__1 _aa\"> </span>               (949<span class=\"__1 _6\"></span>)<span class=\"__1 _ce\"> </span>               (1<span class=\"__1 _6\"></span>45<span class=\"__1 _6\"></span>)<span class=\"__1 _d1\"> </span>                     -   <span class=\"__1 _4\"> </span>            (1<span class=\"__1 _6\"></span>.094<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _5\"></span>uda<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> p<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>nte<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>, cup<span class=\"__1 _6\"></span>\u00f3n y o<span class=\"__1 _6\"></span>tros                     -                       23<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>                   2<span class=\"__1 _6\"></span>3 <span class=\"__1 _106\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -   <span class=\"__1 _cb\"> </span>                     -  17<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.050<span class=\"__1 _49\"> </span>1<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>97<span class=\"__1 _6\"></span>9<span class=\"__1 _117\"> </span>2<span class=\"__1 _6\"></span>7.09<span class=\"__1 _6\"></span>0<span class=\"__1 _99\"> </span>3<span class=\"__1 _6\"></span>2.78<span class=\"__1 _6\"></span>4<span class=\"__1 _117\"> </span>89<span class=\"__1 _6\"></span>.10<span class=\"__1 _6\"></span>5<span class=\"__1 _c1\"> </span><span class=\"ff4 ls7d\">                     -   <span class=\"__1 _33\"> </span></span>12<span class=\"__1 _6\"></span>1.88<span class=\"__1 _6\"></span>9<span class=\"__1 _1bc\"> </span>45<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.350<span class=\"__1 _49\"> </span>3<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>92<span class=\"__1 _6\"></span>6<span class=\"__1 _117\"> </span>9<span class=\"__1 _6\"></span>9.07<span class=\"__1 _6\"></span>6<span class=\"__1 _99\"> </span>6<span class=\"__1 _6\"></span>0.88<span class=\"__1 _6\"></span>9<span class=\"__1 _49\"> </span>1<span class=\"__1 _6\"></span>32<span class=\"__1 _6\"></span>.93<span class=\"__1 _6\"></span>2<span class=\"__1 _117\"> </span>15<span class=\"__1 _6\"></span>.02<span class=\"__1 _6\"></span>9<span class=\"__1 _49\"> </span>20<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.850<span class=\"__1 _1bc\"> </span>Ve<span class=\"__1 _70\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>mi<span class=\"__1 _6\"></span>ent<span class=\"__1 _5\"></span>o en e<span class=\"__1 _5\"></span>l<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>\u00f1o<span class=\"__1 _1bc\"> </span>En marzo de 2023 ENCE ha procedido a la <span class=\"__1 _5\"></span>amortizaci\u00f3n ordin<span class=\"__1 _6\"></span>aria total de las obligaciones a su vencimiento<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span>Por <span class=\"__1 _4\"></span>otra <span class=\"__1 _4\"></span>p<span class=\"__1 _6\"></span>arte, <span class=\"__1 _c8\"></span>ENCE <span class=\"__1 _4\"></span>mantiene <span class=\"__1 _4\"></span>con<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>un <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>indicato <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>ban<span class=\"__1 _6\"></span>cos <span class=\"__1 _4\"></span>nacionales<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>e <span class=\"__1 _4\"></span>internacionales <span class=\"__1 _c8\"></span>un <span class=\"__1 _4\"></span>contrato <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span>cr\u00e9dito (revolving credit facility)<span class=\"__1 _6\"></span> por importe de 130 millones de euros y vencimiento en <span class=\"__1 _5\"></span>2026. Esta l\u00ednea de<span class=\"__1 _1bc\"> </span>cr\u00e9dito <span class=\"__1 _c6\"> </span>devenga <span class=\"__1 _c6\"> </span>un <span class=\"__1 _c6\"> </span>tip<span class=\"__1 _6\"></span>o <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>inter\u00e9s <span class=\"__1 _c6\"> </span>referenciado <span class=\"__1 _c6\"> </span>al <span class=\"__1 _c6\"> </span>Eu<span class=\"__1 _6\"></span>ribor. <span class=\"__1 _c6\"> </span>El <span class=\"__1 _c6\"> </span>tipo <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>inter\u00e9s <span class=\"__1 _ca\"> </span>establecido <span class=\"__1 _c6\"> </span>podr\u00e1 <span class=\"__1 _c6\"> </span>v<span class=\"__1 _6\"></span>erse<span class=\"__1 _1bc\"> </span>modificado <span class=\"__1 _ca\"> </span>anualmente  en <span class=\"__1 _c6\"> </span>2<span class=\"__1 _6\"></span>5 <span class=\"__1 _ca\"> </span>puntos  b\u00e1sicos  en <span class=\"__1 _c6\"> </span>funci\u00f3n  del <span class=\"__1 _c6\"> </span>rating  de <span class=\"__1 _c6\"> </span>sostenibilidad  medioambiental<span class=\"__1 _1bc\"> </span>Sustainalytics obtenido por <span class=\"__1 _70\"></span>ENCE, que eval\u00faa <span class=\"__1 _70\"></span>dicha deuda <span class=\"__1 _5\"></span>como \u201cfinanciaci\u00f3n verde\u201d.<span class=\"ff4\"> Esta f<span class=\"__1 _5\"></span>inanciaci\u00f3n est\u00e1<span class=\"__1 _1bc\"> </span></span>en su totalida<span class=\"__1 _6\"></span>d disponible al 31 <span class=\"__1 _6\"></span>de diciembre de 2023.<span class=\"__1 _1bc\"> </span>Pr\u00e9stamos<span class=\"__1 _1bc\"> </span>Durante <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>ejercicio <span class=\"__1 _8\"></span>2023 <span class=\"__1 _8\"></span>ENCE <span class=\"__1 _8\"></span>ha <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>uscrito <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>iversos <span class=\"__1 _8\"></span>pr\u00e9stamos <span class=\"__1 _6\"></span>po<span class=\"__1 _6\"></span>r <span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>n <span class=\"__1 _8\"></span><span class=\"ff6\">importe <span class=\"__1 _8\"></span>total <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>273 <span class=\"__1 _8\"></span>millones <span class=\"__1 _8\"></span>\u20ac. <span class=\"__1 _6\"></span>De<span class=\"__1 _1bc\"> </span></span>este <span class=\"__1 _6\"></span>modo<span class=\"__1 _6\"></span>, <span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>l <span class=\"__1 _8\"></span>31 <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>iciembre <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>2023, <span class=\"__1 _8\"></span><span class=\"ff6\">y <span class=\"__1 _8\"></span>tras <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>amortiza<span class=\"__1 _6\"></span>ci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>7,5 <span class=\"__1 _6\"></span>millon<span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>\u20ac, <span class=\"__1 _4\"></span></span>ENCE <span class=\"__1 _8\"></span>mantiene <span class=\"__1 _8\"></span>suscritos<span class=\"__1 _1bc\"> </span>pr\u00e9stamos <span class=\"__1 _c8\"> </span>por <span class=\"__1 _c8\"> </span>un <span class=\"__1 _c8\"> </span>importe <span class=\"__1 _c8\"></span>conjunto <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"> </span>360,5 <span class=\"__1 _c8\"> </span>millones <span class=\"__1 _c8\"> </span><span class=\"ff6 ls12\">\u20ac <span class=\"__1 _c8\"></span></span>y <span class=\"__1 _c8\"></span>vencimientos <span class=\"__1 _c8\"></span>en <span class=\"__1 _4\"></span>202<span class=\"__1 _6\"></span>4-2030 <span class=\"__1 _c8\"> </span>(95 <span class=\"__1 _c8\"></span>millones <span class=\"__1 _c8\"> </span><span class=\"ff6 ls12\">\u20ac <span class=\"__1 _c8\"> </span></span><span class=\"ls16\">y<span class=\"__1 _1bc\"> </span></span>vencimientos en 202<span class=\"__1 _6\"></span>3-<span class=\"ls5c\">20</span>26 al 31 de diciembre de 2022)<span class=\"__1 _6\"></span><span class=\"ls17\">. </span>Una <span class=\"__1 _6\"></span>parte <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>los <span class=\"__1 _8\"></span>pr\u00e9stamos <span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>on <span class=\"__1 _6\"></span>un <span class=\"__1 _8\"></span>nominal <span class=\"__1 _6\"></span>de <span class=\"__1 _4\"></span>29,5 <span class=\"__1 _6\"></span>millones <span class=\"__1 _8\"></span><span class=\"ff6 ls12\">\u20ac <span class=\"__1 _6\"></span></span>devenga <span class=\"__1 _8\"></span>un <span class=\"__1 _6\"></span>tipo <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>in<span class=\"__1 _6\"></span>ter\u00e9s <span class=\"__1 _6\"></span>fijo <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>rango<span class=\"__1 _1bc\"> </span>1,95%-4,6%. <span class=\"__1 _cb\"> </span>El <span class=\"__1 _c9\"> </span>importe <span class=\"__1 _cb\"> </span>restante <span class=\"__1 _cb\"> </span>devenga <span class=\"__1 _c9\"> </span>intereses, <span class=\"__1 _cb\"> </span>principa<span class=\"__1 _6\"></span>lmente <span class=\"__1 _cb\"> </span>referenciados <span class=\"__1 _c9\"> </span>al <span class=\"__1 _cb\"> </span>Euribor <span class=\"__1 _c9\"> </span>m\u00e1s <span class=\"__1 _cb\"> </span>un<span class=\"__1 _1bc\"> </span>diferencial <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>1,35%-2,0%. <span class=\"__1 _8\"></span>El<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>tip<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>inter<span class=\"__1 _6\"></span>\u00e9s <span class=\"__1 _8\"></span>establecido <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>76<span class=\"__1 _6\"></span>% <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>contratos<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>suscritos <span class=\"__1 _8\"></span>podr\u00e1 <span class=\"__1 _8\"></span>verse<span class=\"__1 _1bc\"> </span>modificado  anualmente  en  25 <span class=\"__1 _c6\"> </span>p<span class=\"__1 _6\"></span>untos  b\u00e1sicos  en  funci\u00f3n <span class=\"__1 _ca\"> </span>del  rating <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>e  sostenibilidad  medioambiental<span class=\"__1 _1bc\"> </span>Sustainalytics<span class=\"__1 _6\"></span> obtenido por <span class=\"__1 _6\"></span><span class=\"ff6\">ENCE, que eval\u00faa <span class=\"__1 _6\"></span>dicha deuda como \u201c<span class=\"__1 _6\"></span>financiaci\u00f3n verde\u201d.<span class=\"__1 _1bc\"> </span></span>Al objeto de cubrir e<span class=\"__1 _5\"></span>l riesgo derivado de <span class=\"__1 _5\"></span>la contrataci\u00f3n de <span class=\"__1 _5\"></span>esta financiaci\u00f3n a tipo de <span class=\"__1 _5\"></span>inter\u00e9s variable, ENCE<span class=\"__1 _1bc\"> </span>ha suscrito swaps de tipo de <span class=\"__1 _5\"></span>inter\u00e9s que cubren el <span class=\"ls12\">53</span>% de la financiaci\u00f3n dispuesta a tipo <span class=\"__1 _5\"></span>variable, a un tipo<span class=\"__1 _1bc\"> </span>fijo medio de 3,32% (v\u00e9ase N<span class=\"__1 _6\"></span>ota 30)<span class=\"__1 _6\"></span>. <span class=\"ff3_1\">Otra financiaci\u00f3n<span class=\"__1 _1bc\"> </span></span>El <span class=\"__1 _5\"></span>9 <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>octubre de <span class=\"__1 _70\"></span>2023 <span class=\"__1 _5\"></span>ENCE <span class=\"__1 _5\"></span>ha <span class=\"__1 _5\"></span>incorporado un<span class=\"__1 _5\"></span> <span class=\"__1 _5\"></span>programa <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>emisi\u00f3n de <span class=\"__1 _70\"></span>pagar\u00e9s<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>sos<span class=\"__1 _6\"></span>tenibles <span class=\"__1 _70\"></span>en el <span class=\"__1 _70\"></span>Mercado<span class=\"__1 _1bc\"> </span>Alternativo de <span class=\"__1 _70\"></span>Renta Fija <span class=\"__1 _70\"></span>(MARF) con <span class=\"__1 _70\"></span>un l\u00edmite <span class=\"__1 _70\"></span><span class=\"ff6\">m\u00e1xi<span class=\"__1 _6\"></span>mo <span class=\"__1 _5\"></span>de <span class=\"__1 _5\"></span>200 <span class=\"__1 _5\"></span>millones \u20ac <span class=\"__1 _70\"></span>y vencimie<span class=\"__1 _5\"></span>nto<span class=\"ff4\">s<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>h<span class=\"__1 _6\"></span>asta 24 <span class=\"__1 _70\"></span>meses.<span class=\"__1 _1bc\"> </span></span></span>El sald<span class=\"__1 _6\"></span>o de <span class=\"__1 _6\"></span>pagar\u00e9s <span class=\"__1 _6\"></span>emitidos <span class=\"__1 _6\"></span>pendientes <span class=\"__1 _6\"></span>de recomp<span class=\"__1 _6\"></span>ra al <span class=\"__1 _6\"></span>31 <span class=\"__1 _6\"></span>de d<span class=\"__1 _6\"></span>iciembre d<span class=\"__1 _6\"></span>e 2023 <span class=\"__1 _6\"></span>ascien<span class=\"__1 _6\"></span>de a <span class=\"__1 _6\"></span>53,4 <span class=\"__1 _6\"></span>millones<span class=\"__1 _1bc\"> </span>\u20ac y <span class=\"ff4\">presenta s<span class=\"__1 _6\"></span>u vencimiento en el primer se<span class=\"__1 _6\"></span>mestre de 2024.<span class=\"__1 _1bc\"> </span></span>Financiaci\u00f3n ENCE <span class=\"__1 _5\"></span>Renovab<span class=\"__1 _5\"></span>les<span class=\"__1 _1bc\"> </span>Financiaci\u00f3n corpo<span class=\"__1 _6\"></span>rativa<span class=\"__1 _1bc\"> </span>Im<span class=\"__1 _6\"></span>po<span class=\"__1 _6\"></span>rte de la<span class=\"__1 _6\"></span> Em<span class=\"__1 _6\"></span>isi\u00f3n<span class=\"__1 _57\"> </span><span class=\"ff6\">160.000.000 \u20ac<span class=\"__1 _1bc\"> </span></span>Nomin<span class=\"__1 _6\"></span>al Bo<span class=\"__1 _6\"></span>no<span class=\"__1 _180\"> </span><span class=\"ff6\">100.000 \u20ac<span class=\"__1 _1bc\"> </span></span>Ran<span class=\"__1 _6\"></span>go de la<span class=\"__1 _6\"></span> Deu<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>a<span class=\"__1 _181\"> </span>\"Senio<span class=\"__1 _6\"></span>r\" n<span class=\"__1 _6\"></span>o gar<span class=\"__1 _6\"></span>an<span class=\"__1 _6\"></span>tizad<span class=\"__1 _6\"></span>a<span class=\"__1 _1bc\"> </span>Fecha d<span class=\"__1 _6\"></span>e la em<span class=\"__1 _6\"></span>isi\u00f3<span class=\"__1 _6\"></span>n<span class=\"__1 _182\"> </span>05/03/2018<span class=\"__1 _1bc\"> </span>Fecha d<span class=\"__1 _6\"></span>e vencimien<span class=\"__1 _6\"></span>to<span class=\"__1 _183\"> </span>05/03/2023<span class=\"__1 _1bc\"> </span>Cup<span class=\"__1 _6\"></span>\u00f3<span class=\"__1 _6\"></span>n<span class=\"__1 _17a\"> </span>1,<span class=\"__1 _5\"></span>25%<span class=\"__1 _1bc\"> </span>Tipo<span class=\"__1 _6\"></span> inter\u00e9s<span class=\"__1 _6\"></span> efectivo<span class=\"__1 _64\"> </span>1,5<span class=\"__1 _5\"></span>8%<span class=\"__1 _1bc\"> </span>Precio de con<span class=\"__1 _6\"></span>vers<span class=\"__1 _6\"></span>i\u00f3n<span class=\"__1 _6\"></span> (*)<span class=\"__1 _17b\"> </span>8,<span class=\"__1 _5\"></span>5636<span class=\"__1 _1bc\"> </span>Prima d<span class=\"__1 _6\"></span>e con<span class=\"__1 _6\"></span>vers<span class=\"__1 _6\"></span>i\u00f3n<span class=\"__1 _17c\"> </span><span class=\"ls7e\">40%<span class=\"__1 _1bc\"> </span></span>Ratio d<span class=\"__1 _6\"></span>e conver<span class=\"__1 _6\"></span>si\u00f3<span class=\"__1 _6\"></span>n (<span class=\"__1 _6\"></span>acc / b<span class=\"__1 _6\"></span>on<span class=\"__1 _6\"></span>o)<span class=\"__1 _32\"> </span>11<span class=\"__1 _5\"></span>.677<span class=\"__1 _1bc\"> </span>M\u00e1x<span class=\"__1 _6\"></span>imo<span class=\"__1 _6\"></span> a<span class=\"__1 _6\"></span>cc<span class=\"__1 _5\"></span>ion<span class=\"__1 _6\"></span>es a<span class=\"__1 _6\"></span> emitir (a<span class=\"__1 _6\"></span>cc)<span class=\"__1 _17d\"> </span>18.683.731<span class=\"__1 _1bc\"> </span>Potencial % increm<span class=\"__1 _6\"></span>ento cap<span class=\"__1 _6\"></span>ital so<span class=\"__1 _6\"></span>cial<span class=\"__1 _17e\"> </span>7,<span class=\"__1 _5\"></span>59%<span class=\"__1 _1bc\"> </span>Mercad<span class=\"__1 _6\"></span>o cotiza<span class=\"__1 _6\"></span>ci\u00f3n <span class=\"__1 _21\"> </span>Bolsa<span class=\"__1 _6\"></span> de Fr<span class=\"__1 _6\"></span>an<span class=\"__1 _6\"></span>kfu<span class=\"__1 _6\"></span>rt<span class=\"__1 _1bc\"> </span>ISI<span class=\"__1 _6\"></span>N<span class=\"__1 _17f\"> </span>XS1<span class=\"__1 _5\"></span>7839<span class=\"__1 _5\"></span>32863<span class=\"__1 _1bc\"> </span>Cos<span class=\"__1 _6\"></span>tes de la<span class=\"__1 _6\"></span> em<span class=\"__1 _6\"></span>isi\u00f3n<span class=\"__1 _184\"> </span><span class=\"ff6\">2.075.000 \u20ac<span class=\"__1 _1bc\"> </span></span>Con <span class=\"__1 _4\"></span>fecha <span class=\"__1 _4\"></span>24 <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>noviembre <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>2017, <span class=\"__1 _4\"></span><span class=\"ff6\">Magnon <span class=\"__1 _4\"></span>Green <span class=\"__1 _4\"></span>Energy, <span class=\"__1 _4\"></span>S.L. <span class=\"__1 _4\"></span>(en <span class=\"__1 _8\"></span>ad<span class=\"__1 _6\"></span>elante <span class=\"__1 _4\"></span>\u201cMAGNON\u201d), <span class=\"__1 _4\"></span>holding <span class=\"__1 _4\"></span>del<span class=\"__1 _1bc\"> </span></span>negocio <span class=\"__1 _c8\"> </span>en<span class=\"__1 _6\"></span>erg\u00e9tico <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c8\"> </span>ENCE<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>suscribi\u00f3 <span class=\"__1 _c6\"> </span>con <span class=\"__1 _c6\"> </span>un <span class=\"__1 _c6\"> </span>sindicato <span class=\"__1 _c6\"> </span>formado <span class=\"__1 _c8\"> </span>por <span class=\"__1 _c6\"> </span>doce <span class=\"__1 _c6\"> </span>entidad<span class=\"__1 _6\"></span>es <span class=\"__1 _c8\"> </span>fin<span class=\"__1 _6\"></span>ancieras <span class=\"__1 _c6\"> </span>y <span class=\"__1 _c8\"> </span>un<span class=\"__1 _6\"></span>a<span class=\"__1 _1bc\"> </span>compa\u00f1\u00eda de <span class=\"__1 _5\"></span>seguros espa\u00f1ola un <span class=\"__1 _5\"></span>contrato de pr\u00e9stamo <span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>enior, estructurado inicialmente <span class=\"__1 _70\"></span>en 4 tramos<span class=\"__1 _6\"></span>, por<span class=\"__1 _1bc\"> </span>un <span class=\"__1 _70\"></span>importe disponible <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>170 <span class=\"__1 _70\"></span>millones, y <span class=\"__1 _70\"></span>llev\u00f3 <span class=\"__1 _70\"></span>a <span class=\"__1 _5\"></span>cabo <span class=\"__1 _70\"></span>una <span class=\"__1 _5\"></span>colocaci\u00f3n <span class=\"__1 _70\"></span>privad<span class=\"__1 _6\"></span>a <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>obligaciones <span class=\"__1 _70\"></span>por un <span class=\"__1 _70\"></span>importe<span class=\"__1 _1bc\"> </span>de 50 millones de euros<span class=\"__1 _6\"></span> que fueron s<span class=\"__1 _6\"></span>uscritas por un fon<span class=\"__1 _6\"></span>do de deuda. Con fecha <span class=\"__1 _6\"></span>8 de <span class=\"__1 _6\"></span>noviembre <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>2018, Magnon <span class=\"__1 _6\"></span>Green <span class=\"__1 _6\"></span>Energy, S.L.,<span class=\"__1 _6\"></span> su<span class=\"__1 _6\"></span>scribi<span class=\"__1 _6\"></span>\u00f3 <span class=\"__1 _6\"></span>una <span class=\"__1 _6\"></span>ampliaci\u00f3n de <span class=\"__1 _6\"></span>este contra<span class=\"__1 _6\"></span>to<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _5\"></span>pr\u00e9stamo <span class=\"__1 _5\"></span>senior por <span class=\"__1 _70\"></span>un <span class=\"__1 _5\"></span>importe <span class=\"__1 _5\"></span>disponible de <span class=\"__1 _70\"></span>17 <span class=\"__1 _5\"></span>millones <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>euro<span class=\"__1 _6\"></span>s <span class=\"__1 _70\"></span>y llev\u00f3 <span class=\"__1 _70\"></span>a cabo <span class=\"__1 _70\"></span>una colocaci\u00f3n <span class=\"__1 _70\"></span>privada<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _6\"></span>obligaciones <span class=\"__1 _8\"></span>por <span class=\"__1 _6\"></span>un <span class=\"__1 _8\"></span>importe <span class=\"__1 _6\"></span>ad<span class=\"__1 _6\"></span>icional <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>43 <span class=\"__1 _6\"></span>millon<span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>euro<span class=\"__1 _6\"></span>s <span class=\"__1 _6\"></span>que <span class=\"__1 _8\"></span>fueron <span class=\"__1 _6\"></span>sus<span class=\"__1 _6\"></span>critos <span class=\"__1 _6\"></span>por <span class=\"__1 _8\"></span>dos <span class=\"__1 _6\"></span>fon<span class=\"__1 _6\"></span>dos <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span>deuda.  El detalle de estas finan<span class=\"__1 _6\"></span>ciaciones se describ<span class=\"__1 _6\"></span>e a continuaci\u00f3n:<span class=\"__1 _1bc\"> </span>(i)<span class=\"fs1_1 ls0_1\">  <span class=\"__1 _a8\"> </span>Euribor 6 <span class=\"__1 _5\"></span>meses m\u00e1s <span class=\"__1 _70\"></span>dif<span class=\"__1 _6\"></span>erencial descrito. <span class=\"__1 _5\"></span>En los <span class=\"__1 _5\"></span>tramos bancarios, <span class=\"__1 _70\"></span>el tipo es <span class=\"__1 _70\"></span>variabl<span class=\"__1 _6\"></span>e en<span class=\"__1 _5\"></span> funci\u00f3n de<span class=\"__1 _5\"></span>l ratio de<span class=\"__1 _1bc\"> </span></span>endeudamiento (Deuda Neta / EBITDA del negocio ENERG\u00cdA Renovable, <span class=\"__1 _6\"></span>seg\u00fan definiciones recogidas en el<span class=\"__1 _1bc\"> </span>contrato de financiaci\u00f3n).<span class=\"__1 _1bc\"> </span>(ii)  <span class=\"__1 _b7\"> </span>Vencimiento \u00edntegro (bullet) en la fecha indi<span class=\"__1 _5\"></span>cada.<span class=\"__1 _1bc\"> </span>(iii)  <span class=\"__1 _51\"> </span>Ha financiado la construcci\u00f3n de Huelva 46 MW. (iv) <span class=\"__1 _b7\"> </span>Estas obligaciones est\u00e1n admitidas a cotizaci\u00f3n en la bolsa de valores de Frankfurt (Freiverkehr).<span class=\"__1 _1bc\"> </span>(v) <span class=\"__1 _124\"> </span>Ha f<span class=\"__1 _6\"></span>inanciado la construcci\u00f3n de<span class=\"__1 _5\"></span> Puertollano 50 MW.<span class=\"__1 _1bc\"> </span>MAGNON <span class=\"__1 _8\"></span>realiz\u00f3 <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>ejercicio <span class=\"__1 _8\"></span>2022 <span class=\"__1 _8\"></span>recompras <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>Obligaciones<span class=\"__1 _6\"></span>/Notas <span class=\"__1 _8\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _6\"></span>ten\u00edan<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>un<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>ominal <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>14.00<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span>miles \u20ac por un importe d<span class=\"__1 _6\"></span>e 14.300 miles \u20ac. Esta financiaci\u00f3n<span class=\"__1 _6\"></span> incluye como principa<span class=\"__1 _6\"></span>les garant\u00edas prenda sob<span class=\"__1 _6\"></span>re las acciones de las sociedades del Grupo<span class=\"__1 _1bc\"> </span>que <span class=\"__1 _4\"></span>desarro<span class=\"__1 _6\"></span>llan <span class=\"__1 _4\"></span>su <span class=\"__1 _c8\"></span>actividad <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _c8\"></span>negocio <span class=\"__1 _4\"></span>ENERG\u00cdA <span class=\"__1 _c8\"></span>Renovable, <span class=\"__1 _c8\"></span>sobre <span class=\"__1 _4\"></span>sus<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>activos <span class=\"__1 _4\"></span>y <span class=\"__1 _c8\"></span>derechos <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>cob<span class=\"__1 _6\"></span>ro,<span class=\"__1 _1bc\"> </span>actuales y futu<span class=\"__1 _6\"></span>ros. Asimismo, <span class=\"__1 _6\"></span>esta <span class=\"__1 _8\"></span>financiaci\u00f3n <span class=\"__1 _6\"></span>incluy<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>determinadas <span class=\"__1 _8\"></span>obligaciones<span class=\"__1 _6\"></span>, <span class=\"__1 _8\"></span>habituales <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>te <span class=\"__1 _6\"></span>tipo <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>finan<span class=\"__1 _6\"></span>ciaci\u00f3n; <span class=\"__1 _6\"></span>el<span class=\"__1 _1bc\"> </span>suministro <span class=\"__1 _d1\"> </span>de <span class=\"__1 _cc\"> </span>determinada <span class=\"__1 _cc\"> </span>informaci\u00f3n <span class=\"__1 _d1\"> </span>de <span class=\"__1 _cc\"> </span>car\u00e1cter <span class=\"__1 _cc\"> </span>operativo<span class=\"__1 _6\"></span> <span class=\"__1 _cc\"> </span>y <span class=\"__1 _cc\"> </span>financiera, <span class=\"__1 _d1\"> </span>el <span class=\"__1 _cf\"> </span>cumplimi<span class=\"__1 _6\"></span>ento <span class=\"__1 _cc\"> </span>de<span class=\"__1 _1bc\"> </span>determinados <span class=\"__1 _6\"></span>ra<span class=\"__1 _6\"></span>tios <span class=\"__1 _6\"></span>econ\u00f3mi<span class=\"__1 _6\"></span>cos <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>solvencia <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>rentabilidad, <span class=\"__1 _8\"></span>y <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>mantenimi<span class=\"__1 _6\"></span>ento <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>n <span class=\"__1 _6\"></span>volu<span class=\"__1 _6\"></span>men <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>sto<span class=\"__1 _6\"></span>ck<span class=\"__1 _1bc\"> </span>de biomasa (almacenes y contratos de suministro) equivalente al consumo de 3 <span class=\"__1 _5\"></span>meses. Se estima que al <span class=\"__1 _5\"></span>31<span class=\"__1 _1bc\"> </span>de diciembre de 2023 y<span class=\"__1 _6\"></span> 2022 se cumplen \u00edn<span class=\"__1 _6\"></span>tegramente dichas<span class=\"__1 _6\"></span> obligaciones. El acuerdo de finan<span class=\"__1 _6\"></span>ciaci\u00f3n est<span class=\"__1 _6\"></span>ablece una teso<span class=\"__1 _6\"></span>rer\u00eda m\u00ednima d<span class=\"__1 _6\"></span>isponible en el <span class=\"__1 _6\"></span>per\u00edmetro de <span class=\"__1 _6\"></span>la financiaci\u00f3n<span class=\"__1 _6\"></span> de<span class=\"__1 _1bc\"> </span>al <span class=\"__1 _6\"></span>menos <span class=\"__1 _6\"></span>30 <span class=\"__1 _6\"></span>millones <span class=\"__1 _6\"></span><span class=\"ff6\">\u20ac</span>, <span class=\"__1 _6\"></span>consider\u00e1n<span class=\"__1 _6\"></span>dose <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>tal <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>disponible <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>tramo <span class=\"__1 _6\"></span>4\u00ba, <span class=\"__1 _8\"></span>as\u00ed <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>cumplimiento <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span>Ti<span class=\"__1 _6\"></span>po<span class=\"__1 _6\"></span> de<span class=\"__1 _1bc\"> </span>Di<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>pon<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _f\"> </span>Di<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>pu<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>o<span class=\"__1 _e5\"> </span>Ve<span class=\"__1 _70\"></span>nc<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>m<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>nto<span class=\"__1 _100\"> </span>I<span class=\"__1 _8\"></span>nte<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>\u00e9<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span> (i<span class=\"__1 _8\"></span>)<span class=\"__1 _1bc\"> </span>Ob<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ga<span class=\"__1 _8\"></span>ci<span class=\"__1 _4\"></span>\u00f3n/N<span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span> (i<span class=\"__1 _8\"></span>v)<span class=\"__1 _35\"> </span><span class=\"ls7f\">                     36<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>0 <span class=\"__1 _c1\"> </span>                     36<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span></span>di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>-2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> (i<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>)<span class=\"__1 _1bc\"> </span>3,4<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>%<span class=\"__1 _1bc\"> </span>Tra<span class=\"__1 _8\"></span>m<span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span> 1<span class=\"__1 _6\"></span>\u00ba                        9.33<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                        9<span class=\"__1 _6\"></span>.33<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>-2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>4<span class=\"__1 _91\"> </span>1<span class=\"__1 _6\"></span>,75<span class=\"__1 _6\"></span>%-3,2<span class=\"__1 _6\"></span>5%<span class=\"__1 _1bc\"> </span>Tra<span class=\"__1 _8\"></span>m<span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span> 2<span class=\"__1 _6\"></span>\u00ba                        6.00<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                        6<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span>di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>-2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> (i<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>)<span class=\"__1 _1bc\"> </span>3,4<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>%<span class=\"__1 _1bc\"> </span>Tra<span class=\"__1 _8\"></span>m<span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span> 3<span class=\"__1 _6\"></span>\u00ba<span class=\"__1 _5\"></span> (i<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>)                     21<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _d1\"> </span>                     2<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span>di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>-2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>4<span class=\"__1 _91\"> </span>1<span class=\"__1 _6\"></span>,75<span class=\"__1 _6\"></span>%-3,2<span class=\"__1 _6\"></span>5%<span class=\"__1 _1bc\"> </span>Tra<span class=\"__1 _8\"></span>m<span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span> 4<span class=\"__1 _6\"></span>\u00ba                     20<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _d0\"> </span>                               -  di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>-2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>4<span class=\"__1 _91\"> </span>1<span class=\"__1 _6\"></span>,25<span class=\"__1 _6\"></span>%-2,7<span class=\"__1 _6\"></span>5%<span class=\"__1 _1bc\"> </span>Ob<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ga<span class=\"__1 _8\"></span>ci<span class=\"__1 _4\"></span>\u00f3n/N<span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span> (i<span class=\"__1 _8\"></span>v) y <span class=\"__1 _6\"></span>(v)<span class=\"__1 _80\"> </span><span class=\"ls7f\">                     4<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.000<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>                     43<span class=\"__1 _6\"></span>.000<span class=\"__1 _1bc\"> </span></span>di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>-2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> (i<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>)<span class=\"__1 _1bc\"> </span>3,4<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>%<span class=\"__1 _1bc\"> </span>Tra<span class=\"__1 _8\"></span>m<span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span> 5<span class=\"__1 _6\"></span>\u00ba<span class=\"__1 _5\"></span> (v)                        7.65<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                        7<span class=\"__1 _6\"></span>.65<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span>di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>-2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>5<span class=\"__1 _91\"> </span>1<span class=\"__1 _6\"></span>,75<span class=\"__1 _6\"></span>%-3,2<span class=\"__1 _6\"></span>5%                   14<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>98<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span> <span class=\"__1 _cc\"> </span>                   12<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>98<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span> de<span class=\"__1 _5\"></span> Euros<span class=\"__1 _1bc\"> </span>determinados <span class=\"__1 _4\"></span>ratios <span class=\"__1 _4\"></span>ligados <span class=\"__1 _8\"></span>al <span class=\"__1 _4\"></span>endeudamiento, <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>situaci\u00f3n <span class=\"__1 _4\"></span>patrimonial <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>capacidad <span class=\"__1 _4\"></span>de<span class=\"__1 _5\"></span> <span class=\"__1 _4\"></span>ge<span class=\"__1 _5\"></span>neraci\u00f3n <span class=\"__1 _4\"></span>de<span class=\"__1 _1bc\"> </span> caja del negocio, para <span class=\"__1 _6\"></span>poder llevar<span class=\"__1 _6\"></span> a cabo el reparto d<span class=\"__1 _6\"></span>e dividendos<span class=\"__1 _6\"></span> y la obtenci\u00f3n de n<span class=\"__1 _6\"></span>ueva financiaci\u00f3n.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> El <span class=\"__1 _70\"></span>importe <span class=\"__1 _5\"></span>de <span class=\"__1 _5\"></span>las <span class=\"__1 _70\"></span>comision<span class=\"__1 _6\"></span>es <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>estructu<span class=\"__1 _6\"></span>raci\u00f3n <span class=\"__1 _70\"></span>y otros <span class=\"__1 _70\"></span>gastos incurridos <span class=\"__1 _70\"></span>en <span class=\"__1 _70\"></span>la obtenci\u00f3n <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>esta <span class=\"__1 _70\"></span>finan<span class=\"__1 _6\"></span>ciaci\u00f3n<span class=\"__1 _1bc\"> </span> fue de 5.813 miles \u20ac.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span><span class=\"ff4\"> </span>Al <span class=\"__1 _4\"></span>objeto <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>cubrir <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>riesgo <span class=\"__1 _4\"></span>derivado <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>con<span class=\"__1 _6\"></span>trata<span class=\"__1 _6\"></span>ci\u00f3n <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>esta <span class=\"__1 _4\"></span>financiaci\u00f3n <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>tipo <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>inter\u00e9s <span class=\"__1 _4\"></span>variable,<span class=\"__1 _1bc\"> </span> MAGNON reestructu<span class=\"__1 _6\"></span>r\u00f3, en <span class=\"__1 _6\"></span>el momento <span class=\"__1 _6\"></span>de la <span class=\"__1 _6\"></span>contrataci\u00f3n de <span class=\"__1 _8\"></span>esta financiaci\u00f3n<span class=\"__1 _6\"></span>, los <span class=\"__1 _6\"></span>contratos d<span class=\"__1 _6\"></span>e cobertura<span class=\"__1 _1bc\"> </span> que <span class=\"__1 _4\"></span>ten\u00eda <span class=\"__1 _4\"></span>suscritos <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>marco <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>financiaci\u00f3n <span class=\"__1 _4\"></span>previa. <span class=\"__1 _4\"></span>Los <span class=\"__1 _4\"></span>nuevos <span class=\"__1 _4\"></span>IRS <span class=\"__1 _4\"></span>cubren <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>90% <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>finan<span class=\"__1 _6\"></span>cia<span class=\"__1 _8\"></span>ci\u00f3n<span class=\"__1 _1bc\"> </span> dispuesta a<span class=\"__1 _6\"></span> un tipo fijo medio de 1,22% (v\u00e9ase N<span class=\"__1 _6\"></span>ota 30).<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> En <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>marco <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>esta <span class=\"__1 _6\"></span>financiaci\u00f3<span class=\"__1 _6\"></span>n <span class=\"__1 _6\"></span>Standar<span class=\"__1 _6\"></span>d <span class=\"__1 _6\"></span>&amp; <span class=\"__1 _8\"></span>Poor\u00b4s <span class=\"__1 _6\"></span>otorg\u00f3<span class=\"__1 _8\"></span> <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>Magnon <span class=\"__1 _8\"></span>Green <span class=\"__1 _6\"></span>Energy, <span class=\"__1 _8\"></span>S.L. <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>evaluaci\u00f3n <span class=\"__1 _6\"></span>E<span class=\"__1 _6\"></span>1,<span class=\"__1 _1bc\"> </span> m\u00e1xima  calificaci\u00f3n  en  su  es<span class=\"__1 _6\"></span>cala  de  evaluaci\u00f3n  de  criterios  medioambientales,<span class=\"__1 _6\"></span>  consider\u00e1ndo<span class=\"__1 _8\"></span>se  dicha<span class=\"__1 _1bc\"> </span> financiaci\u00f3n como \u201cfinanciaci<span class=\"__1 _6\"></span>\u00f3n verde\u201d.<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span><span class=\"ff4\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSubordinatedLiabilitiesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-40": {
   "value": "28.3<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Estado de flujos de efectiv<span class=\"__1 _5\"></span>o (EFE)<span class=\"__1 _1bc\"> </span></span></span>Se <span class=\"__1 _6\"></span>muestra <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>continuaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>conciliaci\u00f3n <span class=\"__1 _8\"></span>entre <span class=\"__1 _6\"></span>las <span class=\"__1 _8\"></span>variaciones <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>endeudamiento <span class=\"__1 _6\"></span>finan<span class=\"__1 _6\"></span>ciero <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>Grupo<span class=\"__1 _1bc\"> </span>(deudas  con <span class=\"__1 _c6\"> </span>entidad<span class=\"__1 _6\"></span>es <span class=\"__1 _ca\"> </span>de <span class=\"__1 _c6\"> </span>cr\u00e9dito<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>y<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>mercado  de  capitales <span class=\"__1 _c6\"> </span>y  otros  pa<span class=\"__1 _5\"></span>sivos  f<span class=\"__1 _5\"></span>inancieros)  y <span class=\"__1 _c6\"> </span>los  flujos <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span>financiaci\u00f3n recogidos en el ep\u00edgrafe <span class=\"__1 _5\"></span>\u201cCobros y pagos por instrumentos<span class=\"__1 _6\"></span> de pasivo f<span class=\"__1 _5\"></span>inanciero\u201d <span class=\"ff4\">d<span class=\"__1 _6\"></span>el Estado de<span class=\"__1 _1bc\"> </span></span>Flujos de Efectivo en 2023 y<span class=\"__1 _6\"></span> 2022:<span class=\"__1 _1bc\"> </span>2023<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span> de Euros<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>do<span class=\"__1 _1bc\"> </span>1/1<span class=\"__1 _6\"></span>/20<span class=\"__1 _6\"></span>23<span class=\"__1 _1bc\"> </span>Em<span class=\"__1 _5\"></span>i<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones y<span class=\"__1 _1bc\"> </span>di<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>pos<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _1bc\"> </span>(Ne<span class=\"__1 _70\"></span>ta<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span>gas<span class=\"__1 _8\"></span>tos)<span class=\"__1 _1bc\"> </span>Ree<span class=\"__1 _70\"></span>mbol<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span> /<span class=\"__1 _1bc\"> </span>Cuota<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> pa<span class=\"__1 _6\"></span>ga<span class=\"__1 _6\"></span>da<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>Recompra<span class=\"__1 _1bc\"> </span>bonos<span class=\"__1 _1bc\"> </span>Pa<span class=\"__1 _6\"></span>go de<span class=\"__1 _1bc\"> </span>i<span class=\"__1 _6\"></span>ntereses<span class=\"__1 _1bc\"> </span>Deve<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>go de<span class=\"__1 _1bc\"> </span>i<span class=\"__1 _6\"></span>ntereses<span class=\"__1 _1bc\"> </span>Deve<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>go de<span class=\"__1 _1bc\"> </span>cos<span class=\"__1 _8\"></span>te<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> de<span class=\"__1 _1bc\"> </span>estruc<span class=\"__1 _6\"></span>tura<span class=\"__1 _8\"></span>ci<span class=\"__1 _6\"></span>\u00f3<span class=\"__1 _6\"></span>n<span class=\"__1 _1bc\"> </span>Var<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>nes p<span class=\"__1 _6\"></span>or<span class=\"__1 _1bc\"> </span>derechos<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e uso<span class=\"__1 _1bc\"> </span>s<span class=\"__1 _6\"></span>obr<span class=\"__1 _6\"></span>e ac<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vos<span class=\"__1 _1bc\"> </span>Actual<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>za<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _1bc\"> </span>fi<span class=\"__1 _6\"></span>na<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>era <span class=\"__1 _6\"></span>y<span class=\"__1 _1bc\"> </span>otros<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>do<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/12<span class=\"__1 _6\"></span>/20<span class=\"__1 _6\"></span>23<span class=\"__1 _1bc\"> </span>Deuda fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>era<span class=\"__1 _6\"></span> Negoci<span class=\"__1 _6\"></span>o CELU<span class=\"__1 _5\"></span>LOSA -<span class=\"__1 _1bc\"> </span>Obl<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>ga<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>ones<span class=\"__1 _6\"></span> y bo<span class=\"__1 _6\"></span>nos            63<span class=\"__1 _6\"></span>.300 <span class=\"__1 _124\"> </span>            66.400<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>              (76<span class=\"__1 _6\"></span>.300<span class=\"__1 _6\"></span>)<span class=\"__1 _2a\"> </span>                         -   <span class=\"__1 _cb\"> </span>                   -   <span class=\"__1 _15d\"> </span>                           -   <span class=\"__1 _cb\"> </span>                        -   <span class=\"__1 _cb\"> </span>                           -   <span class=\"__1 _70\"></span>                  (353<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>            53.04<span class=\"__1 _6\"></span>7<span class=\"__1 _1bc\"> </span>Pr<span class=\"__1 _6\"></span>\u00e9sta<span class=\"__1 _6\"></span>mos<span class=\"__1 _6\"></span> ba<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>os            94<span class=\"__1 _6\"></span>.461 <span class=\"__1 _a8\"> </span>          27<span class=\"__1 _6\"></span>2.33<span class=\"__1 _6\"></span>9                   (7.500)<span class=\"__1 _2a\"> </span>                         -   <span class=\"__1 _c9\"> </span>                   -   <span class=\"__1 _127\"> </span>                           -   <span class=\"__1 _5\"></span>                     29<span class=\"__1 _6\"></span>8 <span class=\"__1 _c1\"> </span>                           -   <span class=\"__1 _ca\"> </span>                        -             3<span class=\"__1 _6\"></span>59<span class=\"__1 _6\"></span>.598<span class=\"__1 _1bc\"> </span>Otros<span class=\"__1 _8\"></span> pa<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>vos<span class=\"__1 _6\"></span> fi<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>eros            49<span class=\"__1 _6\"></span>.973 <span class=\"__1 _a8\"> </span>                  85<span class=\"__1 _6\"></span>8                   (7.905)<span class=\"__1 _2a\"> </span>                         -   <span class=\"__1 _c9\"> </span>                   -   <span class=\"__1 _145\"> </span>                        (71<span class=\"__1 _6\"></span>)<span class=\"__1 _2a\"> </span>                        -   <span class=\"__1 _cb\"> </span>                           -   <span class=\"__1 _6\"></span>                      3<span class=\"__1 _6\"></span>1 <span class=\"__1 _c9\"> </span>            42.88<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span>Deudas<span class=\"__1 _8\"></span> por<span class=\"__1 _6\"></span> i<span class=\"__1 _6\"></span>ntereses<span class=\"__1 _6\"></span>, cup<span class=\"__1 _6\"></span>\u00f3n y otro<span class=\"__1 _6\"></span>s              1.18<span class=\"__1 _6\"></span>6 <span class=\"__1 _159\"> </span>                     -   <span class=\"__1 _cb\"> </span>                         -   <span class=\"__1 _cb\"> </span>                         -   <span class=\"__1 _70\"></span>        (15<span class=\"__1 _6\"></span>.171<span class=\"__1 _6\"></span>)                        -   <span class=\"__1 _cb\"> </span>                           -   <span class=\"__1 _ca\"> </span>                        -   <span class=\"__1 _5\"></span>               2.30<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>Pa<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>vos<span class=\"__1 _6\"></span> po<span class=\"__1 _6\"></span>r derech<span class=\"__1 _6\"></span>o de us<span class=\"__1 _6\"></span>o s<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>bre a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>tiv<span class=\"__1 _6\"></span>os            37<span class=\"__1 _6\"></span>.603 <span class=\"__1 _113\"> </span>                     -   <span class=\"__1 _be\"></span>                 (5.953<span class=\"__1 _6\"></span>)<span class=\"__1 _2a\"> </span>                         -   <span class=\"__1 _105\"> </span>                    2<span class=\"__1 _6\"></span>.274<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>                        -   <span class=\"__1 _8\"></span>                    8.081<span class=\"__1 _6\"></span> <span class=\"__1 _111\"> </span>            4<span class=\"__1 _6\"></span>2.005          24<span class=\"__1 _6\"></span>6.522<span class=\"__1 _6\"></span> <span class=\"__1 _a8\"> </span>          339<span class=\"__1 _6\"></span>.597 <span class=\"__1 _c6\"> </span>              (97<span class=\"__1 _6\"></span>.658)<span class=\"__1 _2a\"> </span>                         -   <span class=\"__1 _70\"></span>        (15.171<span class=\"__1 _6\"></span>)<span class=\"__1 _158\"> </span>                  18<span class=\"__1 _6\"></span>.491 <span class=\"__1 _150\"> </span>                     298<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>                    8.08<span class=\"__1 _6\"></span>1 <span class=\"__1 _c6\"> </span>                  (32<span class=\"__1 _6\"></span>2)<span class=\"__1 _ce\"> </span>          499<span class=\"__1 _6\"></span>.838<span class=\"__1 _1bc\"> </span>I<span class=\"__1 _6\"></span>ns<span class=\"__1 _6\"></span>trumentos fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>eros<span class=\"__1 _8\"></span> deri<span class=\"__1 _6\"></span>va<span class=\"__1 _6\"></span>do<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>oc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>os<span class=\"__1 _6\"></span> a<span class=\"__1 _6\"></span> l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span> fi<span class=\"__1 _6\"></span>na<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>\u00f3n                     -   <span class=\"__1 _145\"> </span>                     -   <span class=\"__1 _cb\"> </span>                         -   <span class=\"__1 _c9\"> </span>                         -   <span class=\"__1 _c8\"> </span>            1.29<span class=\"__1 _6\"></span>9 <span class=\"__1 _159\"> </span>                           -   <span class=\"__1 _c9\"> </span>                        -   <span class=\"__1 _cb\"> </span>                           -                   (5.334<span class=\"__1 _6\"></span>)<span class=\"__1 _150\"> </span>             (4<span class=\"__1 _6\"></span>.035<span class=\"__1 _6\"></span>)          24<span class=\"__1 _6\"></span>6.522<span class=\"__1 _6\"></span> <span class=\"__1 _a8\"> </span>          339<span class=\"__1 _6\"></span>.597 <span class=\"__1 _ca\"> </span>              (9<span class=\"__1 _6\"></span>7.658<span class=\"__1 _6\"></span>)<span class=\"__1 _cc\"> </span>                         -            (13<span class=\"__1 _6\"></span>.872)<span class=\"__1 _12c\"> </span>                  1<span class=\"__1 _6\"></span>8.491<span class=\"__1 _6\"></span> <span class=\"__1 _ca\"> </span>                     29<span class=\"__1 _6\"></span>8 <span class=\"__1 _cb\"> </span>                    8.081 <span class=\"__1 _150\"> </span>               (5.656)<span class=\"__1 _c9\"> </span>          4<span class=\"__1 _6\"></span>95<span class=\"__1 _6\"></span>.803<span class=\"__1 _1bc\"> </span>Deuda fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>era<span class=\"__1 _6\"></span> Negoci<span class=\"__1 _6\"></span>o RENOVA<span class=\"__1 _70\"></span>BLES -<span class=\"__1 _1bc\"> </span>Obl<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>ga<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>ones<span class=\"__1 _6\"></span> y bo<span class=\"__1 _6\"></span>nos            78<span class=\"__1 _6\"></span>.436 <span class=\"__1 _d2\"> </span>                     -   <span class=\"__1 _cb\"> </span>                         -   <span class=\"__1 _cb\"> </span>                         -   <span class=\"__1 _cb\"> </span>                   -   <span class=\"__1 _e9\"> </span>                           -                         2<span class=\"__1 _6\"></span>61<span class=\"__1 _6\"></span> <span class=\"__1 _d0\"> </span>                           -   <span class=\"__1 _ca\"> </span>                        -   <span class=\"__1 _6\"></span>            7<span class=\"__1 _6\"></span>8.69<span class=\"__1 _6\"></span>7<span class=\"__1 _1bc\"> </span>Pr<span class=\"__1 _6\"></span>\u00e9sta<span class=\"__1 _6\"></span>mos<span class=\"__1 _6\"></span> ba<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>os            70<span class=\"__1 _6\"></span>.520 <span class=\"__1 _127\"> </span>                     -                  (27<span class=\"__1 _6\"></span>.067<span class=\"__1 _6\"></span>)<span class=\"__1 _aa\"> </span>                         -   <span class=\"__1 _cb\"> </span>                   -   <span class=\"__1 _e9\"> </span>                           -                         31<span class=\"__1 _6\"></span>8 <span class=\"__1 _d0\"> </span>                           -   <span class=\"__1 _ca\"> </span>                        -   <span class=\"__1 _8\"></span>            43.77<span class=\"__1 _6\"></span>1<span class=\"__1 _1bc\"> </span>Deudas<span class=\"__1 _8\"></span> por<span class=\"__1 _6\"></span> i<span class=\"__1 _6\"></span>ntereses<span class=\"__1 _6\"></span>, cup<span class=\"__1 _6\"></span>\u00f3n y otro<span class=\"__1 _6\"></span>s                    23<span class=\"__1 _6\"></span> <span class=\"__1 _106\"> </span>                     -   <span class=\"__1 _c1\"> </span>                         -   <span class=\"__1 _c9\"> </span>                         -   <span class=\"__1 _be\"></span>           (9.74<span class=\"__1 _6\"></span>2)<span class=\"__1 _159\"> </span>                    9<span class=\"__1 _6\"></span>.767 <span class=\"__1 _179\"> </span>                        -   <span class=\"__1 _cb\"> </span>                           -   <span class=\"__1 _ca\"> </span>                        -   <span class=\"__1 _6\"></span>                    4<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span>Pa<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>vos<span class=\"__1 _6\"></span> po<span class=\"__1 _6\"></span>r derech<span class=\"__1 _6\"></span>o de us<span class=\"__1 _6\"></span>o s<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>bre a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>tiv<span class=\"__1 _6\"></span>os              1.69<span class=\"__1 _6\"></span>7 <span class=\"__1 _15d\"> </span>                     -   <span class=\"__1 _8\"> </span>                 (1<span class=\"__1 _6\"></span>.429<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>                         -   <span class=\"__1 _6f\"> </span>                          90<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                        -   <span class=\"__1 _c6\"> </span>                    2<span class=\"__1 _6\"></span>.474 <span class=\"__1 _ce\"> </span>                        -   <span class=\"__1 _c6\"> </span>               2.83<span class=\"__1 _6\"></span>2          15<span class=\"__1 _6\"></span>0.676<span class=\"__1 _6\"></span> <span class=\"__1 _106\"> </span>                     -                  (2<span class=\"__1 _6\"></span>8.496<span class=\"__1 _6\"></span>)<span class=\"__1 _cc\"> </span>                         -   <span class=\"__1 _4\"> </span>           (9.<span class=\"__1 _5\"></span>742<span class=\"__1 _6\"></span>)<span class=\"__1 _15d\"> </span>                    9.857<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>                     57<span class=\"__1 _6\"></span>9 <span class=\"__1 _cb\"> </span>                    2.474 <span class=\"__1 _ce\"> </span>                        -              12<span class=\"__1 _6\"></span>5.34<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span>I<span class=\"__1 _6\"></span>ns<span class=\"__1 _6\"></span>trumentos fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>eros<span class=\"__1 _8\"></span> deri<span class=\"__1 _6\"></span>va<span class=\"__1 _6\"></span>do<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>oc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>os<span class=\"__1 _6\"></span> a<span class=\"__1 _6\"></span> l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span> fi<span class=\"__1 _6\"></span>na<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>\u00f3n              5.91<span class=\"__1 _6\"></span>0 <span class=\"__1 _15d\"> </span>                     -   <span class=\"__1 _cb\"> </span>                         -   <span class=\"__1 _cb\"> </span>                         -   <span class=\"__1 _c6\"> </span>            2.86<span class=\"__1 _6\"></span>7 <span class=\"__1 _159\"> </span>                           -   <span class=\"__1 _c9\"> </span>                        -   <span class=\"__1 _cb\"> </span>                           -   <span class=\"__1 _8\"></span>               (5<span class=\"__1 _6\"></span>.748<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>               3<span class=\"__1 _6\"></span>.029          15<span class=\"__1 _6\"></span>6.586<span class=\"__1 _6\"></span> <span class=\"__1 _106\"> </span>                     -                  (2<span class=\"__1 _6\"></span>8.496<span class=\"__1 _6\"></span>)<span class=\"__1 _cc\"> </span>                         -   <span class=\"__1 _4\"> </span>           (6.<span class=\"__1 _5\"></span>875<span class=\"__1 _6\"></span>)<span class=\"__1 _15d\"> </span>                    9.857<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>                     57<span class=\"__1 _6\"></span>9 <span class=\"__1 _cb\"> </span>                    2.474 <span class=\"__1 _150\"> </span>               (5.748)<span class=\"__1 _c9\"> </span>          1<span class=\"__1 _6\"></span>28<span class=\"__1 _6\"></span>.377<span class=\"__1 _1bc\"> </span>40<span class=\"__1 _6\"></span>3.10<span class=\"__1 _6\"></span>8<span class=\"__1 _59\"> </span>3<span class=\"__1 _6\"></span>39<span class=\"__1 _6\"></span>.597<span class=\"__1 _150\"> </span><span class=\"ls85\">            (12<span class=\"__1 _6\"></span>6.154<span class=\"__1 _6\"></span>)<span class=\"__1 _cc\"> </span>                         -            (20.74<span class=\"__1 _6\"></span>7)<span class=\"__1 _f\"> </span></span>28<span class=\"__1 _6\"></span>.348<span class=\"__1 _16\"> </span><span class=\"ls87\">877<span class=\"__1 _10c\"> </span></span>1<span class=\"__1 _6\"></span>0.55<span class=\"__1 _6\"></span>5<span class=\"__1 _49\"> </span>-11<span class=\"__1 _6\"></span>.404<span class=\"__1 _d2\"> </span>624<span class=\"__1 _6\"></span>.180<span class=\"__1 _1bc\"> </span>Fl<span class=\"__1 _6\"></span>uj<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span> de e<span class=\"__1 _5\"></span>fecti<span class=\"__1 _6\"></span>vo<span class=\"__1 _1bc\"> </span>Var<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>nes d<span class=\"__1 _6\"></span>e de<span class=\"__1 _5\"></span>uda<span class=\"__1 _6\"></span> s<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>n i<span class=\"__1 _6\"></span>mpa<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>to e<span class=\"__1 _5\"></span>n EFE<span class=\"__1 _1bc\"> </span>2022<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span> de Euros<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>do<span class=\"__1 _1bc\"> </span>1/1<span class=\"__1 _6\"></span>/20<span class=\"__1 _6\"></span>22<span class=\"__1 _1bc\"> </span>Em<span class=\"__1 _5\"></span>i<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones <span class=\"__1 _6\"></span>y<span class=\"__1 _1bc\"> </span>di<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>pos<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _1bc\"> </span>(Ne<span class=\"__1 _70\"></span>ta<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span>gas<span class=\"__1 _8\"></span>tos)<span class=\"__1 _1bc\"> </span>Ree<span class=\"__1 _70\"></span>mbol<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span> /<span class=\"__1 _1bc\"> </span>Cuota<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> pa<span class=\"__1 _6\"></span>ga<span class=\"__1 _6\"></span>da<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>Recompra<span class=\"__1 _1bc\"> </span>bonos<span class=\"__1 _1bc\"> </span>Pa<span class=\"__1 _6\"></span>go de<span class=\"__1 _1bc\"> </span>i<span class=\"__1 _6\"></span>ntereses<span class=\"__1 _1bc\"> </span>Deve<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>go de<span class=\"__1 _1bc\"> </span>i<span class=\"__1 _6\"></span>ntereses<span class=\"__1 _1bc\"> </span>Deve<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>go de<span class=\"__1 _1bc\"> </span>cos<span class=\"__1 _8\"></span>te<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> de<span class=\"__1 _1bc\"> </span>estruc<span class=\"__1 _6\"></span>tura<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _1bc\"> </span>Var<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>nes p<span class=\"__1 _6\"></span>or<span class=\"__1 _1bc\"> </span>derechos<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e uso<span class=\"__1 _1bc\"> </span>s<span class=\"__1 _6\"></span>obr<span class=\"__1 _6\"></span>e ac<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vos<span class=\"__1 _1bc\"> </span>Actual<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>za<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _1bc\"> </span>fi<span class=\"__1 _6\"></span>na<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>era<span class=\"__1 _6\"></span> y<span class=\"__1 _1bc\"> </span>otros<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>do<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/12<span class=\"__1 _6\"></span>/20<span class=\"__1 _6\"></span>22<span class=\"__1 _1bc\"> </span>Deuda fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>era<span class=\"__1 _6\"></span> Negoci<span class=\"__1 _6\"></span>o CELUL<span class=\"__1 _70\"></span>O<span class=\"__1 _6\"></span>SA -<span class=\"__1 _1bc\"> </span>Obl<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>ga<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>ones<span class=\"__1 _6\"></span> y bo<span class=\"__1 _6\"></span>nos<span class=\"__1 _6\"></span> (Nota<span class=\"__1 _6\"></span> 29<span class=\"__1 _6\"></span>.1)          12<span class=\"__1 _6\"></span>5.568<span class=\"__1 _6\"></span> <span class=\"__1 _159\"> </span>                     -   <span class=\"__1 _c9\"> </span>                         -   <span class=\"__1 _bf\"></span>              (65<span class=\"__1 _6\"></span>.279<span class=\"__1 _6\"></span>)<span class=\"__1 _2a\"> </span>                   -   <span class=\"__1 _15d\"> </span>                           -   <span class=\"__1 _70\"></span>                     4<span class=\"__1 _6\"></span>98<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>                           -   <span class=\"__1 _5\"></span>                 2.51<span class=\"__1 _6\"></span>3 <span class=\"__1 _c9\"> </span>            63.30<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span>Pr<span class=\"__1 _6\"></span>\u00e9sta<span class=\"__1 _6\"></span>mos<span class=\"__1 _6\"></span> ba<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>os          10<span class=\"__1 _6\"></span>4.305<span class=\"__1 _6\"></span> <span class=\"__1 _159\"> </span>                     -   <span class=\"__1 _70\"></span>              (10.00<span class=\"__1 _6\"></span>0)<span class=\"__1 _2a\"> </span>                         -   <span class=\"__1 _c9\"> </span>                   -   <span class=\"__1 _127\"> </span>                           -                        156 <span class=\"__1 _179\"> </span>                           -   <span class=\"__1 _ca\"> </span>                        -   <span class=\"__1 _6\"></span>            9<span class=\"__1 _6\"></span>4.46<span class=\"__1 _6\"></span>1<span class=\"__1 _1bc\"> </span>Otros<span class=\"__1 _8\"></span> pa<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>vos<span class=\"__1 _6\"></span> fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>eros            58<span class=\"__1 _6\"></span>.038 <span class=\"__1 _124\"> </span>                    66                   (8.093)<span class=\"__1 _2a\"> </span>                         -   <span class=\"__1 _c9\"> </span>                   -   <span class=\"__1 _145\"> </span>                        (61<span class=\"__1 _6\"></span>)<span class=\"__1 _2a\"> </span>                        -   <span class=\"__1 _cb\"> </span>                           -   <span class=\"__1 _8\"></span>                      23 <span class=\"__1 _c9\"> </span>            49.97<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>Deudas<span class=\"__1 _8\"></span> por<span class=\"__1 _6\"></span> i<span class=\"__1 _6\"></span>ntereses<span class=\"__1 _6\"></span>, cup<span class=\"__1 _6\"></span>\u00f3n y otro<span class=\"__1 _6\"></span>s              1.20<span class=\"__1 _6\"></span>8 <span class=\"__1 _159\"> </span>                     -   <span class=\"__1 _c9\"> </span>                         -   <span class=\"__1 _cb\"> </span>                         -   <span class=\"__1 _be\"></span>           (5.17<span class=\"__1 _6\"></span>4)<span class=\"__1 _15d\"> </span>                    5<span class=\"__1 _6\"></span>.152<span class=\"__1 _6\"></span> <span class=\"__1 _2a\"> </span>                        -   <span class=\"__1 _cb\"> </span>                           -   <span class=\"__1 _ca\"> </span>                        -   <span class=\"__1 _5\"></span>               1.18<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span>Pa<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>vos<span class=\"__1 _6\"></span> po<span class=\"__1 _6\"></span>r d<span class=\"__1 _6\"></span>erecho de us<span class=\"__1 _6\"></span>o s<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>bre a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>tiv<span class=\"__1 _6\"></span>os            16<span class=\"__1 _6\"></span>.444 <span class=\"__1 _113\"> </span>                     -   <span class=\"__1 _be\"></span>                 (4.72<span class=\"__1 _6\"></span>2)<span class=\"__1 _2a\"> </span>                         -   <span class=\"__1 _14e\"> </span>                    1.927<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>                        -                     2<span class=\"__1 _6\"></span>3.95<span class=\"__1 _6\"></span>4 <span class=\"__1 _cc\"> </span>                        -   <span class=\"__1 _8\"></span>            37<span class=\"__1 _6\"></span>.603          30<span class=\"__1 _6\"></span>5.561<span class=\"__1 _6\"></span> <span class=\"__1 _186\"> </span>                    66<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>              (2<span class=\"__1 _6\"></span>2.815<span class=\"__1 _6\"></span>)<span class=\"__1 _cb\"> </span>              (65<span class=\"__1 _6\"></span>.279)<span class=\"__1 _150\"> </span>           (5.174)<span class=\"__1 _159\"> </span>                    7<span class=\"__1 _6\"></span>.018 <span class=\"__1 _150\"> </span>                     654<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>                  2<span class=\"__1 _6\"></span>3.954<span class=\"__1 _6\"></span> <span class=\"__1 _ca\"> </span>                 2.53<span class=\"__1 _6\"></span>6 <span class=\"__1 _150\"> </span>          2<span class=\"__1 _6\"></span>46<span class=\"__1 _6\"></span>.522          30<span class=\"__1 _6\"></span>5.561<span class=\"__1 _6\"></span> <span class=\"__1 _186\"> </span>                    66<span class=\"__1 _6\"></span> <span class=\"__1 _ca\"> </span>              (22<span class=\"__1 _6\"></span>.815)<span class=\"__1 _cb\"> </span>              (6<span class=\"__1 _6\"></span>5.279<span class=\"__1 _6\"></span>)<span class=\"__1 _150\"> </span>           (5.17<span class=\"__1 _6\"></span>4)<span class=\"__1 _15d\"> </span>                    7.018<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>                     6<span class=\"__1 _6\"></span>54<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>                  2<span class=\"__1 _6\"></span>3.954<span class=\"__1 _6\"></span> <span class=\"__1 _ca\"> </span>                 2<span class=\"__1 _6\"></span>.536 <span class=\"__1 _cb\"> </span>          246<span class=\"__1 _6\"></span>.522<span class=\"__1 _1bc\"> </span>Deuda fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>era<span class=\"__1 _6\"></span> Negoci<span class=\"__1 _6\"></span>o ENER<span class=\"__1 _5\"></span>GIA REN<span class=\"__1 _5\"></span>OVA<span class=\"__1 _5\"></span>BLE<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>-<span class=\"__1 _1bc\"> </span>Obl<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>ga<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>ones<span class=\"__1 _6\"></span> y bo<span class=\"__1 _6\"></span>nos            92<span class=\"__1 _6\"></span>.106 <span class=\"__1 _d2\"> </span>                     -   <span class=\"__1 _cb\"> </span>                         -   <span class=\"__1 _bf\"></span>              (1<span class=\"__1 _6\"></span>4.00<span class=\"__1 _6\"></span>0)<span class=\"__1 _2a\"> </span>                   -   <span class=\"__1 _187\"> </span>                           -                         33<span class=\"__1 _6\"></span>0 <span class=\"__1 _d0\"> </span>                           -   <span class=\"__1 _ca\"> </span>                        -   <span class=\"__1 _8\"></span>            78<span class=\"__1 _6\"></span>.436<span class=\"__1 _1bc\"> </span>Pr<span class=\"__1 _6\"></span>\u00e9sta<span class=\"__1 _6\"></span>mos<span class=\"__1 _6\"></span> ba<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>os            99<span class=\"__1 _6\"></span>.447 <span class=\"__1 _127\"> </span>                     -                  (2<span class=\"__1 _6\"></span>9.40<span class=\"__1 _6\"></span>0)<span class=\"__1 _aa\"> </span>                         -   <span class=\"__1 _cb\"> </span>                   -   <span class=\"__1 _e9\"> </span>                           -                         4<span class=\"__1 _6\"></span>73<span class=\"__1 _6\"></span> <span class=\"__1 _d0\"> </span>                           -   <span class=\"__1 _ca\"> </span>                        -   <span class=\"__1 _6\"></span>            7<span class=\"__1 _6\"></span>0.52<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span>Deudas<span class=\"__1 _8\"></span> por<span class=\"__1 _6\"></span> i<span class=\"__1 _6\"></span>ntereses<span class=\"__1 _6\"></span>, cup<span class=\"__1 _6\"></span>\u00f3n y otro<span class=\"__1 _6\"></span>s                      7 <span class=\"__1 _15d\"> </span>                     -   <span class=\"__1 _c1\"> </span>                         -   <span class=\"__1 _cb\"> </span>                         -   <span class=\"__1 _c0\"></span>           (5.06<span class=\"__1 _6\"></span>5)<span class=\"__1 _15d\"> </span>                    5<span class=\"__1 _6\"></span>.081<span class=\"__1 _6\"></span> <span class=\"__1 _2a\"> </span>                        -   <span class=\"__1 _cb\"> </span>                           -   <span class=\"__1 _ca\"> </span>                        -   <span class=\"__1 _8\"></span>                    23<span class=\"__1 _1bc\"> </span>Pa<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>vos<span class=\"__1 _6\"></span> po<span class=\"__1 _6\"></span>r d<span class=\"__1 _6\"></span>erecho de us<span class=\"__1 _6\"></span>o s<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>bre a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>tiv<span class=\"__1 _6\"></span>os              1.12<span class=\"__1 _6\"></span>7 <span class=\"__1 _15d\"> </span>                     -   <span class=\"__1 _4\"> </span>                 (1.169)<span class=\"__1 _cf\"> </span>                         -   <span class=\"__1 _1d\"> </span>                          5<span class=\"__1 _6\"></span>1 <span class=\"__1 _ce\"> </span>                        -   <span class=\"__1 _c8\"> </span>                    1<span class=\"__1 _6\"></span>.688<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>                        -   <span class=\"__1 _c8\"> </span>               1<span class=\"__1 _6\"></span>.697          19<span class=\"__1 _6\"></span>2.687<span class=\"__1 _6\"></span> <span class=\"__1 _127\"> </span>                     -                  (30.569<span class=\"__1 _6\"></span>)<span class=\"__1 _cb\"> </span>              (14<span class=\"__1 _6\"></span>.000<span class=\"__1 _6\"></span>)<span class=\"__1 _150\"> </span>           (5.065<span class=\"__1 _6\"></span>)<span class=\"__1 _15d\"> </span>                    5.132<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>                     8<span class=\"__1 _6\"></span>03 <span class=\"__1 _cb\"> </span>                    1.688<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                        -              1<span class=\"__1 _6\"></span>50<span class=\"__1 _6\"></span>.676<span class=\"__1 _1bc\"> </span>I<span class=\"__1 _6\"></span>ns<span class=\"__1 _6\"></span>trumentos fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>eros<span class=\"__1 _8\"></span> deri<span class=\"__1 _6\"></span>va<span class=\"__1 _6\"></span>do<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>oc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>os<span class=\"__1 _6\"></span> a<span class=\"__1 _6\"></span> l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span> fi<span class=\"__1 _6\"></span>na<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>\u00f3n              4.78<span class=\"__1 _6\"></span>1 <span class=\"__1 _15d\"> </span>                     -   <span class=\"__1 _cb\"> </span>                         -   <span class=\"__1 _c9\"> </span>                         -   <span class=\"__1 _8\"></span>           (2.12<span class=\"__1 _6\"></span>1)<span class=\"__1 _113\"> </span>                           -   <span class=\"__1 _cb\"> </span>                        -   <span class=\"__1 _cb\"> </span>                           -                     3.25<span class=\"__1 _6\"></span>0 <span class=\"__1 _c9\"> </span>               5.910          19<span class=\"__1 _6\"></span>7.468<span class=\"__1 _6\"></span> <span class=\"__1 _127\"> </span>                     -                  (30.569<span class=\"__1 _6\"></span>)<span class=\"__1 _cb\"> </span>              (14<span class=\"__1 _6\"></span>.000<span class=\"__1 _6\"></span>)<span class=\"__1 _150\"> </span>           (7.186<span class=\"__1 _6\"></span>)<span class=\"__1 _15d\"> </span>                    5.132<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>                     8<span class=\"__1 _6\"></span>03 <span class=\"__1 _cb\"> </span>                    1.688<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>                 3.25<span class=\"__1 _6\"></span>0 <span class=\"__1 _150\"> </span>          1<span class=\"__1 _6\"></span>56<span class=\"__1 _6\"></span>.586<span class=\"__1 _1bc\"> </span>50<span class=\"__1 _6\"></span>3.03<span class=\"__1 _6\"></span>0<span class=\"__1 _74\"> </span><span class=\"ls8a\">66<span class=\"__1 _150\"> </span><span class=\"ls89\">              (53.384<span class=\"__1 _6\"></span>)<span class=\"__1 _cb\"> </span>              (79<span class=\"__1 _6\"></span>.279<span class=\"__1 _6\"></span>)<span class=\"__1 _cb\"> </span>        (12<span class=\"__1 _6\"></span>.360)<span class=\"__1 _f\"> </span></span></span>1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.150<span class=\"__1 _5a\"> </span>1<span class=\"__1 _6\"></span>.457<span class=\"__1 _fb\"> </span>25<span class=\"__1 _6\"></span>.642<span class=\"__1 _7c\"> </span>5<span class=\"__1 _6\"></span>.786<span class=\"__1 _d2\"> </span>40<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>.108<span class=\"__1 _1bc\"> </span>Fl<span class=\"__1 _6\"></span>uj<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span> de efe<span class=\"__1 _70\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vo<span class=\"__1 _1bc\"> </span>Var<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>nes d<span class=\"__1 _6\"></span>e de<span class=\"__1 _5\"></span>uda<span class=\"__1 _6\"></span> s<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>n i<span class=\"__1 _6\"></span>mpa<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>to en E<span class=\"__1 _5\"></span>FE<span class=\"__1 _1bc\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashFlowStatementExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-41": {
   "value": "29.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Otr<span class=\"__1 _6\"></span>os activos y pasivos c<span class=\"__1 _5\"></span>orrientes y no corrientes<span class=\"__1 _1bc\"> </span></span></span>El <span class=\"__1 _5\"></span>detalle <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>este ep\u00edgrafe <span class=\"__1 _5\"></span>del Estado <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>Situ<span class=\"__1 _6\"></span>aci\u00f3n <span class=\"__1 _5\"></span>Financiera Consolidado <span class=\"__1 _70\"></span>al 31 <span class=\"__1 _70\"></span>de diciembre <span class=\"__1 _70\"></span>de 2023 <span class=\"__1 _70\"></span>y 2022<span class=\"__1 _1bc\"> </span>es el siguiente:<span class=\"__1 _1bc\"> </span>L<span class=\"ff6\">a <span class=\"__1 _6\"></span>cuenta <span class=\"__1 _6\"></span>\u201cValor <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>ajuste <span class=\"__1 _6\"></span>por <span class=\"__1 _6\"></span>desviaciones<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e precio <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>mercado\u201d<span class=\"__1 _6\"></span></span>, <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>ad<span class=\"__1 _6\"></span>elante Vaj<span class=\"__1 _6\"></span>dm, <span class=\"__1 _6\"></span>incluye <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>saldos<span class=\"__1 _1bc\"> </span>a <span class=\"__1 _8\"></span>cobrar <span class=\"__1 _4\"></span>y/o <span class=\"__1 _8\"></span>pagar<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>ante <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>Comisi\u00f3n <span class=\"__1 _8\"></span>Nacio<span class=\"__1 _6\"></span>nal <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>los <span class=\"__1 _8\"></span>Mercados<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>y <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>Competencia <span class=\"__1 _8\"></span>(CNMC<span class=\"__1 _6\"></span>) <span class=\"__1 _8\"></span>derivad<span class=\"__1 _6\"></span>os <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>la<span class=\"__1 _1bc\"> </span>aplicaci\u00f3n <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>Real <span class=\"__1 _4\"></span>Decreto <span class=\"__1 _4\"></span>413/2014, <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>6 <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>junio, <span class=\"__1 _4\"></span>por <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>regula <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>actividad <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>producci\u00f3n <span class=\"__1 _4\"></span>de<span class=\"__1 _1bc\"> </span>energ\u00eda el\u00e9ctrica a partir de f<span class=\"__1 _5\"></span>uentes de energ\u00eda renovables, cogeneraci\u00f3n<span class=\"__1 _6\"></span> <span class=\"ff6\">y residuos, en lo relativo al \u201cValor<span class=\"__1 _1bc\"> </span></span>de ajuste por <span class=\"__1 _6\"></span><span class=\"ff6\">desviaciones<span class=\"__1 _6\"></span>\u201d (v\u00e9a</span>nse Notas<span class=\"__1 _6\"></span> 3.15, 9 y Anexo III). La <span class=\"__1 _c6\"> </span>composici\u00f3n <span class=\"__1 _c6\"> </span>del <span class=\"__1 _c6\"> </span>pas<span class=\"__1 _6\"></span>ivo <span class=\"__1 _c6\"> </span>por <span class=\"__1 _c6\"> </span>\u201cValor <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>ajus<span class=\"__1 _6\"></span>te <span class=\"__1 _c6\"> </span>por <span class=\"__1 _c6\"> </span>desviaciones\u201d <span class=\"__1 _c6\"> </span>al <span class=\"__1 _c6\"> </span>31 <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>diciembre<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>2023 <span class=\"__1 _c6\"> </span>y <span class=\"__1 _c6\"> </span>2022<span class=\"__1 _1bc\"> </span>clasificada de <span class=\"__1 _5\"></span>acuerdo con los <span class=\"__1 _5\"></span>ejercicios en <span class=\"__1 _70\"></span>q<span class=\"__1 _6\"></span>ue se <span class=\"__1 _70\"></span>li<span class=\"__1 _6\"></span>quidar\u00e1 por parte de <span class=\"__1 _70\"></span>la CNMC (situaci\u00f3n que se <span class=\"__1 _70\"></span>prod<span class=\"__1 _6\"></span>uce<span class=\"__1 _1bc\"> </span>cuando la instalaci\u00f3n<span class=\"__1 _6\"></span> se encuentra en el \u00faltimo semiperiod<span class=\"__1 _6\"></span>o regulatorio), y/o <span class=\"__1 _6\"></span>se traspasar\u00e1 al resulta<span class=\"__1 _6\"></span>do del<span class=\"__1 _1bc\"> </span>ejercicio, es la siguient<span class=\"__1 _6\"></span>e:<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> \u20ac<span class=\"__1 _188\"> </span><span class=\"ff4\">Cor<span class=\"__1 _6\"></span>to Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>zo<span class=\"__1 _124\"> </span>La<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>go Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>zo<span class=\"__1 _101\"> </span>Cor<span class=\"__1 _6\"></span>to Pl<span class=\"__1 _4\"></span>a<span class=\"__1 _6\"></span>zo<span class=\"__1 _e9\"> </span>L<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>go P<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>zo<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _70\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _8\"></span>vos<span class=\"__1 _8\"></span>-<span class=\"__1 _1bc\"> </span>V<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>j<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>m<span class=\"__1 _5\"></span> s<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>m<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>peri<span class=\"__1 _8\"></span>od<span class=\"__1 _6\"></span>o 2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3-2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> (Not<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span> 2<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.2)<span class=\"__1 _ab\"> </span><span class=\"ls8b\">                    -   <span class=\"__1 _ca\"> </span>             2<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.12<span class=\"__1 _6\"></span>9 <span class=\"__1 _110\"> </span>                    -   <span class=\"__1 _cc\"> </span>                    -  </span>                    -                 27<span class=\"__1 _6\"></span>.129<span class=\"__1 _6\"></span> <span class=\"__1 _33\"> </span>                    -   <span class=\"__1 _d1\"> </span>                    -  Pa<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>vos<span class=\"__1 _8\"></span>-<span class=\"__1 _1bc\"> </span>V<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>j<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>m<span class=\"__1 _5\"></span> s<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>m<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>peri<span class=\"__1 _8\"></span>od<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> a<span class=\"__1 _8\"></span>nte<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span>es<span class=\"__1 _163\"> </span><span class=\"ls8b\">             7<span class=\"__1 _6\"></span>.40<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>             95<span class=\"__1 _6\"></span>.75<span class=\"__1 _6\"></span>7 <span class=\"__1 _113\"> </span>             6<span class=\"__1 _6\"></span>.89<span class=\"__1 _6\"></span>2 <span class=\"__1 _cf\"> </span>         1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>3.09<span class=\"__1 _6\"></span>9<span class=\"__1 _1bc\"> </span></span>Otr<span class=\"__1 _6\"></span>os<span class=\"__1 _189\"> </span><span class=\"ls8b\">                    -   <span class=\"__1 _c0\"></span>                  9<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>0 <span class=\"__1 _f9\"> </span>                    -   <span class=\"__1 _bf\"></span>             1.243</span>             7.40<span class=\"__1 _6\"></span>2 <span class=\"__1 _cf\"> </span>             9<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.<span class=\"__1 _70\"></span>7<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span> <span class=\"__1 _113\"> </span>             6.89<span class=\"__1 _6\"></span>2 <span class=\"__1 _cf\"> </span>         1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>4.34<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>Cor<span class=\"__1 _6\"></span>to pl<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>zo<span class=\"__1 _1bc\"> </span>2023<span class=\"__1 _1bc\"> </span>Tot<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _4d\"> </span><span class=\"ls8c\">2024<span class=\"__1 _2f\"> </span>2025<span class=\"__1 _108\"> </span>2026<span class=\"__1 _25\"> </span>2027<span class=\"__1 _103\"> </span>2028<span class=\"__1 _8d\"> </span></span>Si<span class=\"__1 _6\"></span>gui<span class=\"__1 _8\"></span>ent<span class=\"__1 _5\"></span>es<span class=\"__1 _1bc\"> </span>Tot<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span> L<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>go<span class=\"__1 _1bc\"> </span>Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>zo<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>dos<span class=\"__1 _8\"></span> A<span class=\"__1 _5\"></span>cr<span class=\"__1 _6\"></span>ee<span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>es-      Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o CEL<span class=\"__1 _5\"></span>UL<span class=\"__1 _70\"></span>O<span class=\"__1 _6\"></span>SA -               2.07<span class=\"__1 _6\"></span>3 <span class=\"__1 _a8\"> </span>             2<span class=\"__1 _6\"></span>.226<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>             2<span class=\"__1 _6\"></span>.391<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>             2<span class=\"__1 _6\"></span>.56<span class=\"__1 _6\"></span>8 <span class=\"__1 _ce\"> </span>             2.75<span class=\"__1 _6\"></span>8 <span class=\"__1 _ce\"> </span>           20<span class=\"__1 _6\"></span>.375<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>           3<span class=\"__1 _6\"></span>0.31<span class=\"__1 _6\"></span>8      Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o REN<span class=\"__1 _70\"></span>O<span class=\"__1 _6\"></span>VA<span class=\"__1 _70\"></span>BLES -           70<span class=\"__1 _6\"></span>.551<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>               5.32<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _a8\"> </span>             5.723<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>             5<span class=\"__1 _6\"></span>.59<span class=\"__1 _6\"></span>0 <span class=\"__1 _ce\"> </span>             6.00<span class=\"__1 _6\"></span>4 <span class=\"__1 _ce\"> </span>             4.28<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>           4<span class=\"__1 _6\"></span>3.62<span class=\"__1 _6\"></span>1 <span class=\"__1 _c9\"> </span>           6<span class=\"__1 _6\"></span>5.22<span class=\"__1 _6\"></span>2         10<span class=\"__1 _6\"></span>2.942<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>               7<span class=\"__1 _6\"></span>.402 <span class=\"__1 _a8\"> </span>             7<span class=\"__1 _6\"></span>.949 <span class=\"__1 _ce\"> </span>             7<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>98<span class=\"__1 _6\"></span>1 <span class=\"__1 _ce\"> </span>             8.57<span class=\"__1 _6\"></span>2 <span class=\"__1 _ce\"> </span>             7.042<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>           63<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>99<span class=\"__1 _6\"></span>6 <span class=\"__1 _c9\"> </span>           9<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>54<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span>Ve<span class=\"__1 _70\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>mi<span class=\"__1 _6\"></span>ent<span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span> en e<span class=\"__1 _70\"></span>l<span class=\"__1 _8\"></span> a<span class=\"__1 _6\"></span>\u00f1<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>Cor<span class=\"__1 _6\"></span>to pl<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>zo<span class=\"__1 _1bc\"> </span>2022<span class=\"__1 _1bc\"> </span>Tot<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _4d\"> </span><span class=\"ls8e\">2023<span class=\"__1 _2f\"> </span>2024<span class=\"__1 _108\"> </span>2025<span class=\"__1 _25\"> </span>2026<span class=\"__1 _108\"> </span>2027<span class=\"__1 _134\"> </span></span>Si<span class=\"__1 _6\"></span>gui<span class=\"__1 _8\"></span>ent<span class=\"__1 _5\"></span>es<span class=\"__1 _1bc\"> </span>Tot<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span> L<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>go<span class=\"__1 _1bc\"> </span>Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>zo<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>dos<span class=\"__1 _8\"></span> A<span class=\"__1 _5\"></span>cr<span class=\"__1 _6\"></span>ee<span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>es-      Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o CEL<span class=\"__1 _5\"></span>UL<span class=\"__1 _70\"></span>O<span class=\"__1 _6\"></span>SA -               1.93<span class=\"__1 _6\"></span>0 <span class=\"__1 _a8\"> </span>             2<span class=\"__1 _6\"></span>.073<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>             2<span class=\"__1 _6\"></span>.226<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>             2<span class=\"__1 _6\"></span>.39<span class=\"__1 _6\"></span>1 <span class=\"__1 _ce\"> </span>             2.56<span class=\"__1 _6\"></span>8 <span class=\"__1 _ce\"> </span>           23<span class=\"__1 _6\"></span>.13<span class=\"__1 _6\"></span>3      Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o REN<span class=\"__1 _70\"></span>O<span class=\"__1 _6\"></span>VA<span class=\"__1 _70\"></span>BLES -               4.96<span class=\"__1 _6\"></span>2 <span class=\"__1 _a8\"> </span>             5<span class=\"__1 _6\"></span>.329<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>             5<span class=\"__1 _6\"></span>.723<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>             5<span class=\"__1 _6\"></span>.54<span class=\"__1 _6\"></span>9 <span class=\"__1 _ce\"> </span>             5.95<span class=\"__1 _6\"></span>9 <span class=\"__1 _ce\"> </span>           48<span class=\"__1 _6\"></span>.14<span class=\"__1 _6\"></span>8 <span class=\"__1 _c9\"> </span>           7<span class=\"__1 _6\"></span>0.70<span class=\"__1 _6\"></span>8         10<span class=\"__1 _6\"></span>9.99<span class=\"__1 _6\"></span>1 <span class=\"__1 _c9\"> </span>               6<span class=\"__1 _6\"></span>.89<span class=\"__1 _6\"></span>2 <span class=\"__1 _a8\"> </span>             7.40<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>             7<span class=\"__1 _6\"></span>.949<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>             7<span class=\"__1 _6\"></span>.940<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>             8.52<span class=\"__1 _6\"></span>7 <span class=\"__1 _ce\"> </span>           71<span class=\"__1 _6\"></span>.281<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>         10<span class=\"__1 _6\"></span>3.09<span class=\"__1 _6\"></span>9<span class=\"__1 _1bc\"> </span>Pos<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n n<span class=\"__1 _6\"></span>et<span class=\"__1 _70\"></span>a         10<span class=\"__1 _6\"></span>9.991<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>               6<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>89<span class=\"__1 _6\"></span>2 <span class=\"__1 _a8\"> </span>             7<span class=\"__1 _6\"></span>.402<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>             7<span class=\"__1 _6\"></span>.949 <span class=\"__1 _ce\"> </span>             7.94<span class=\"__1 _6\"></span>0 <span class=\"__1 _ce\"> </span>             8.527<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>           71<span class=\"__1 _6\"></span>.281 <span class=\"__1 _cb\"> </span>         1<span class=\"__1 _6\"></span>03<span class=\"__1 _6\"></span>.099<span class=\"__1 _1bc\"> </span>Ve<span class=\"__1 _70\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>mi<span class=\"__1 _6\"></span>ent<span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span> en e<span class=\"__1 _70\"></span>l<span class=\"__1 _8\"></span> a<span class=\"__1 _6\"></span>\u00f1<span class=\"__1 _6\"></span>o",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherAssetsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-553": {
   "value": "29.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Otr<span class=\"__1 _6\"></span>os activos y pasivos c<span class=\"__1 _5\"></span>orrientes y no corrientes<span class=\"__1 _1bc\"> </span></span></span>El <span class=\"__1 _5\"></span>detalle <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>este ep\u00edgrafe <span class=\"__1 _5\"></span>del Estado <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>Situ<span class=\"__1 _6\"></span>aci\u00f3n <span class=\"__1 _5\"></span>Financiera Consolidado <span class=\"__1 _70\"></span>al 31 <span class=\"__1 _70\"></span>de diciembre <span class=\"__1 _70\"></span>de 2023 <span class=\"__1 _70\"></span>y 2022<span class=\"__1 _1bc\"> </span>es el siguiente:<span class=\"__1 _1bc\"> </span>L<span class=\"ff6\">a <span class=\"__1 _6\"></span>cuenta <span class=\"__1 _6\"></span>\u201cValor <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>ajuste <span class=\"__1 _6\"></span>por <span class=\"__1 _6\"></span>desviaciones<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e precio <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>mercado\u201d<span class=\"__1 _6\"></span></span>, <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>ad<span class=\"__1 _6\"></span>elante Vaj<span class=\"__1 _6\"></span>dm, <span class=\"__1 _6\"></span>incluye <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>saldos<span class=\"__1 _1bc\"> </span>a <span class=\"__1 _8\"></span>cobrar <span class=\"__1 _4\"></span>y/o <span class=\"__1 _8\"></span>pagar<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>ante <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>Comisi\u00f3n <span class=\"__1 _8\"></span>Nacio<span class=\"__1 _6\"></span>nal <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>los <span class=\"__1 _8\"></span>Mercados<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>y <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>Competencia <span class=\"__1 _8\"></span>(CNMC<span class=\"__1 _6\"></span>) <span class=\"__1 _8\"></span>derivad<span class=\"__1 _6\"></span>os <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>la<span class=\"__1 _1bc\"> </span>aplicaci\u00f3n <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>Real <span class=\"__1 _4\"></span>Decreto <span class=\"__1 _4\"></span>413/2014, <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>6 <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>junio, <span class=\"__1 _4\"></span>por <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>regula <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>actividad <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>producci\u00f3n <span class=\"__1 _4\"></span>de<span class=\"__1 _1bc\"> </span>energ\u00eda el\u00e9ctrica a partir de f<span class=\"__1 _5\"></span>uentes de energ\u00eda renovables, cogeneraci\u00f3n<span class=\"__1 _6\"></span> <span class=\"ff6\">y residuos, en lo relativo al \u201cValor<span class=\"__1 _1bc\"> </span></span>de ajuste por <span class=\"__1 _6\"></span><span class=\"ff6\">desviaciones<span class=\"__1 _6\"></span>\u201d (v\u00e9a</span>nse Notas<span class=\"__1 _6\"></span> 3.15, 9 y Anexo III). La <span class=\"__1 _c6\"> </span>composici\u00f3n <span class=\"__1 _c6\"> </span>del <span class=\"__1 _c6\"> </span>pas<span class=\"__1 _6\"></span>ivo <span class=\"__1 _c6\"> </span>por <span class=\"__1 _c6\"> </span>\u201cValor <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>ajus<span class=\"__1 _6\"></span>te <span class=\"__1 _c6\"> </span>por <span class=\"__1 _c6\"> </span>desviaciones\u201d <span class=\"__1 _c6\"> </span>al <span class=\"__1 _c6\"> </span>31 <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>diciembre<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>2023 <span class=\"__1 _c6\"> </span>y <span class=\"__1 _c6\"> </span>2022<span class=\"__1 _1bc\"> </span>clasificada de <span class=\"__1 _5\"></span>acuerdo con los <span class=\"__1 _5\"></span>ejercicios en <span class=\"__1 _70\"></span>q<span class=\"__1 _6\"></span>ue se <span class=\"__1 _70\"></span>li<span class=\"__1 _6\"></span>quidar\u00e1 por parte de <span class=\"__1 _70\"></span>la CNMC (situaci\u00f3n que se <span class=\"__1 _70\"></span>prod<span class=\"__1 _6\"></span>uce<span class=\"__1 _1bc\"> </span>cuando la instalaci\u00f3n<span class=\"__1 _6\"></span> se encuentra en el \u00faltimo semiperiod<span class=\"__1 _6\"></span>o regulatorio), y/o <span class=\"__1 _6\"></span>se traspasar\u00e1 al resulta<span class=\"__1 _6\"></span>do del<span class=\"__1 _1bc\"> </span>ejercicio, es la siguient<span class=\"__1 _6\"></span>e:<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> \u20ac<span class=\"__1 _188\"> </span><span class=\"ff4\">Cor<span class=\"__1 _6\"></span>to Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>zo<span class=\"__1 _124\"> </span>La<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>go Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>zo<span class=\"__1 _101\"> </span>Cor<span class=\"__1 _6\"></span>to Pl<span class=\"__1 _4\"></span>a<span class=\"__1 _6\"></span>zo<span class=\"__1 _e9\"> </span>L<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>go P<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>zo<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _70\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _8\"></span>vos<span class=\"__1 _8\"></span>-<span class=\"__1 _1bc\"> </span>V<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>j<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>m<span class=\"__1 _5\"></span> s<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>m<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>peri<span class=\"__1 _8\"></span>od<span class=\"__1 _6\"></span>o 2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3-2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> (Not<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span> 2<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.2)<span class=\"__1 _ab\"> </span><span class=\"ls8b\">                    -   <span class=\"__1 _ca\"> </span>             2<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.12<span class=\"__1 _6\"></span>9 <span class=\"__1 _110\"> </span>                    -   <span class=\"__1 _cc\"> </span>                    -  </span>                    -                 27<span class=\"__1 _6\"></span>.129<span class=\"__1 _6\"></span> <span class=\"__1 _33\"> </span>                    -   <span class=\"__1 _d1\"> </span>                    -  Pa<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>vos<span class=\"__1 _8\"></span>-<span class=\"__1 _1bc\"> </span>V<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>j<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>m<span class=\"__1 _5\"></span> s<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>m<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>peri<span class=\"__1 _8\"></span>od<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> a<span class=\"__1 _8\"></span>nte<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span>es<span class=\"__1 _163\"> </span><span class=\"ls8b\">             7<span class=\"__1 _6\"></span>.40<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>             95<span class=\"__1 _6\"></span>.75<span class=\"__1 _6\"></span>7 <span class=\"__1 _113\"> </span>             6<span class=\"__1 _6\"></span>.89<span class=\"__1 _6\"></span>2 <span class=\"__1 _cf\"> </span>         1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>3.09<span class=\"__1 _6\"></span>9<span class=\"__1 _1bc\"> </span></span>Otr<span class=\"__1 _6\"></span>os<span class=\"__1 _189\"> </span><span class=\"ls8b\">                    -   <span class=\"__1 _c0\"></span>                  9<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>0 <span class=\"__1 _f9\"> </span>                    -   <span class=\"__1 _bf\"></span>             1.243</span>             7.40<span class=\"__1 _6\"></span>2 <span class=\"__1 _cf\"> </span>             9<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.<span class=\"__1 _70\"></span>7<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span> <span class=\"__1 _113\"> </span>             6.89<span class=\"__1 _6\"></span>2 <span class=\"__1 _cf\"> </span>         1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>4.34<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>Cor<span class=\"__1 _6\"></span>to pl<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>zo<span class=\"__1 _1bc\"> </span>2023<span class=\"__1 _1bc\"> </span>Tot<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _4d\"> </span><span class=\"ls8c\">2024<span class=\"__1 _2f\"> </span>2025<span class=\"__1 _108\"> </span>2026<span class=\"__1 _25\"> </span>2027<span class=\"__1 _103\"> </span>2028<span class=\"__1 _8d\"> </span></span>Si<span class=\"__1 _6\"></span>gui<span class=\"__1 _8\"></span>ent<span class=\"__1 _5\"></span>es<span class=\"__1 _1bc\"> </span>Tot<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span> L<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>go<span class=\"__1 _1bc\"> </span>Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>zo<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>dos<span class=\"__1 _8\"></span> A<span class=\"__1 _5\"></span>cr<span class=\"__1 _6\"></span>ee<span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>es-      Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o CEL<span class=\"__1 _5\"></span>UL<span class=\"__1 _70\"></span>O<span class=\"__1 _6\"></span>SA -               2.07<span class=\"__1 _6\"></span>3 <span class=\"__1 _a8\"> </span>             2<span class=\"__1 _6\"></span>.226<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>             2<span class=\"__1 _6\"></span>.391<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>             2<span class=\"__1 _6\"></span>.56<span class=\"__1 _6\"></span>8 <span class=\"__1 _ce\"> </span>             2.75<span class=\"__1 _6\"></span>8 <span class=\"__1 _ce\"> </span>           20<span class=\"__1 _6\"></span>.375<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>           3<span class=\"__1 _6\"></span>0.31<span class=\"__1 _6\"></span>8      Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o REN<span class=\"__1 _70\"></span>O<span class=\"__1 _6\"></span>VA<span class=\"__1 _70\"></span>BLES -           70<span class=\"__1 _6\"></span>.551<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>               5.32<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _a8\"> </span>             5.723<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>             5<span class=\"__1 _6\"></span>.59<span class=\"__1 _6\"></span>0 <span class=\"__1 _ce\"> </span>             6.00<span class=\"__1 _6\"></span>4 <span class=\"__1 _ce\"> </span>             4.28<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>           4<span class=\"__1 _6\"></span>3.62<span class=\"__1 _6\"></span>1 <span class=\"__1 _c9\"> </span>           6<span class=\"__1 _6\"></span>5.22<span class=\"__1 _6\"></span>2         10<span class=\"__1 _6\"></span>2.942<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>               7<span class=\"__1 _6\"></span>.402 <span class=\"__1 _a8\"> </span>             7<span class=\"__1 _6\"></span>.949 <span class=\"__1 _ce\"> </span>             7<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>98<span class=\"__1 _6\"></span>1 <span class=\"__1 _ce\"> </span>             8.57<span class=\"__1 _6\"></span>2 <span class=\"__1 _ce\"> </span>             7.042<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>           63<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>99<span class=\"__1 _6\"></span>6 <span class=\"__1 _c9\"> </span>           9<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>54<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span>Ve<span class=\"__1 _70\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>mi<span class=\"__1 _6\"></span>ent<span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span> en e<span class=\"__1 _70\"></span>l<span class=\"__1 _8\"></span> a<span class=\"__1 _6\"></span>\u00f1<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>Cor<span class=\"__1 _6\"></span>to pl<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>zo<span class=\"__1 _1bc\"> </span>2022<span class=\"__1 _1bc\"> </span>Tot<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _4d\"> </span><span class=\"ls8e\">2023<span class=\"__1 _2f\"> </span>2024<span class=\"__1 _108\"> </span>2025<span class=\"__1 _25\"> </span>2026<span class=\"__1 _108\"> </span>2027<span class=\"__1 _134\"> </span></span>Si<span class=\"__1 _6\"></span>gui<span class=\"__1 _8\"></span>ent<span class=\"__1 _5\"></span>es<span class=\"__1 _1bc\"> </span>Tot<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span> L<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>go<span class=\"__1 _1bc\"> </span>Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>zo<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>dos<span class=\"__1 _8\"></span> A<span class=\"__1 _5\"></span>cr<span class=\"__1 _6\"></span>ee<span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>es-      Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o CEL<span class=\"__1 _5\"></span>UL<span class=\"__1 _70\"></span>O<span class=\"__1 _6\"></span>SA -               1.93<span class=\"__1 _6\"></span>0 <span class=\"__1 _a8\"> </span>             2<span class=\"__1 _6\"></span>.073<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>             2<span class=\"__1 _6\"></span>.226<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>             2<span class=\"__1 _6\"></span>.39<span class=\"__1 _6\"></span>1 <span class=\"__1 _ce\"> </span>             2.56<span class=\"__1 _6\"></span>8 <span class=\"__1 _ce\"> </span>           23<span class=\"__1 _6\"></span>.13<span class=\"__1 _6\"></span>3      Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o REN<span class=\"__1 _70\"></span>O<span class=\"__1 _6\"></span>VA<span class=\"__1 _70\"></span>BLES -               4.96<span class=\"__1 _6\"></span>2 <span class=\"__1 _a8\"> </span>             5<span class=\"__1 _6\"></span>.329<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>             5<span class=\"__1 _6\"></span>.723<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>             5<span class=\"__1 _6\"></span>.54<span class=\"__1 _6\"></span>9 <span class=\"__1 _ce\"> </span>             5.95<span class=\"__1 _6\"></span>9 <span class=\"__1 _ce\"> </span>           48<span class=\"__1 _6\"></span>.14<span class=\"__1 _6\"></span>8 <span class=\"__1 _c9\"> </span>           7<span class=\"__1 _6\"></span>0.70<span class=\"__1 _6\"></span>8         10<span class=\"__1 _6\"></span>9.99<span class=\"__1 _6\"></span>1 <span class=\"__1 _c9\"> </span>               6<span class=\"__1 _6\"></span>.89<span class=\"__1 _6\"></span>2 <span class=\"__1 _a8\"> </span>             7.40<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>             7<span class=\"__1 _6\"></span>.949<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>             7<span class=\"__1 _6\"></span>.940<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>             8.52<span class=\"__1 _6\"></span>7 <span class=\"__1 _ce\"> </span>           71<span class=\"__1 _6\"></span>.281<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>         10<span class=\"__1 _6\"></span>3.09<span class=\"__1 _6\"></span>9<span class=\"__1 _1bc\"> </span>Pos<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n n<span class=\"__1 _6\"></span>et<span class=\"__1 _70\"></span>a         10<span class=\"__1 _6\"></span>9.991<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>               6<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>89<span class=\"__1 _6\"></span>2 <span class=\"__1 _a8\"> </span>             7<span class=\"__1 _6\"></span>.402<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>             7<span class=\"__1 _6\"></span>.949 <span class=\"__1 _ce\"> </span>             7.94<span class=\"__1 _6\"></span>0 <span class=\"__1 _ce\"> </span>             8.527<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>           71<span class=\"__1 _6\"></span>.281 <span class=\"__1 _cb\"> </span>         1<span class=\"__1 _6\"></span>03<span class=\"__1 _6\"></span>.099<span class=\"__1 _1bc\"> </span>Ve<span class=\"__1 _70\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>mi<span class=\"__1 _6\"></span>ent<span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span> en e<span class=\"__1 _70\"></span>l<span class=\"__1 _8\"></span> a<span class=\"__1 _6\"></span>\u00f1<span class=\"__1 _6\"></span>o",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherCurrentAssetsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-554": {
   "value": "29.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Otr<span class=\"__1 _6\"></span>os activos y pasivos c<span class=\"__1 _5\"></span>orrientes y no corrientes<span class=\"__1 _1bc\"> </span></span></span>El <span class=\"__1 _5\"></span>detalle <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>este ep\u00edgrafe <span class=\"__1 _5\"></span>del Estado <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>Situ<span class=\"__1 _6\"></span>aci\u00f3n <span class=\"__1 _5\"></span>Financiera Consolidado <span class=\"__1 _70\"></span>al 31 <span class=\"__1 _70\"></span>de diciembre <span class=\"__1 _70\"></span>de 2023 <span class=\"__1 _70\"></span>y 2022<span class=\"__1 _1bc\"> </span>es el siguiente:<span class=\"__1 _1bc\"> </span>L<span class=\"ff6\">a <span class=\"__1 _6\"></span>cuenta <span class=\"__1 _6\"></span>\u201cValor <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>ajuste <span class=\"__1 _6\"></span>por <span class=\"__1 _6\"></span>desviaciones<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e precio <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>mercado\u201d<span class=\"__1 _6\"></span></span>, <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>ad<span class=\"__1 _6\"></span>elante Vaj<span class=\"__1 _6\"></span>dm, <span class=\"__1 _6\"></span>incluye <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>saldos<span class=\"__1 _1bc\"> </span>a <span class=\"__1 _8\"></span>cobrar <span class=\"__1 _4\"></span>y/o <span class=\"__1 _8\"></span>pagar<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>ante <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>Comisi\u00f3n <span class=\"__1 _8\"></span>Nacio<span class=\"__1 _6\"></span>nal <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>los <span class=\"__1 _8\"></span>Mercados<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>y <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>Competencia <span class=\"__1 _8\"></span>(CNMC<span class=\"__1 _6\"></span>) <span class=\"__1 _8\"></span>derivad<span class=\"__1 _6\"></span>os <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>la<span class=\"__1 _1bc\"> </span>aplicaci\u00f3n <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>Real <span class=\"__1 _4\"></span>Decreto <span class=\"__1 _4\"></span>413/2014, <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>6 <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>junio, <span class=\"__1 _4\"></span>por <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>regula <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>actividad <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>producci\u00f3n <span class=\"__1 _4\"></span>de<span class=\"__1 _1bc\"> </span>energ\u00eda el\u00e9ctrica a partir de f<span class=\"__1 _5\"></span>uentes de energ\u00eda renovables, cogeneraci\u00f3n<span class=\"__1 _6\"></span> <span class=\"ff6\">y residuos, en lo relativo al \u201cValor<span class=\"__1 _1bc\"> </span></span>de ajuste por <span class=\"__1 _6\"></span><span class=\"ff6\">desviaciones<span class=\"__1 _6\"></span>\u201d (v\u00e9a</span>nse Notas<span class=\"__1 _6\"></span> 3.15, 9 y Anexo III). La <span class=\"__1 _c6\"> </span>composici\u00f3n <span class=\"__1 _c6\"> </span>del <span class=\"__1 _c6\"> </span>pas<span class=\"__1 _6\"></span>ivo <span class=\"__1 _c6\"> </span>por <span class=\"__1 _c6\"> </span>\u201cValor <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>ajus<span class=\"__1 _6\"></span>te <span class=\"__1 _c6\"> </span>por <span class=\"__1 _c6\"> </span>desviaciones\u201d <span class=\"__1 _c6\"> </span>al <span class=\"__1 _c6\"> </span>31 <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>diciembre<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>2023 <span class=\"__1 _c6\"> </span>y <span class=\"__1 _c6\"> </span>2022<span class=\"__1 _1bc\"> </span>clasificada de <span class=\"__1 _5\"></span>acuerdo con los <span class=\"__1 _5\"></span>ejercicios en <span class=\"__1 _70\"></span>q<span class=\"__1 _6\"></span>ue se <span class=\"__1 _70\"></span>li<span class=\"__1 _6\"></span>quidar\u00e1 por parte de <span class=\"__1 _70\"></span>la CNMC (situaci\u00f3n que se <span class=\"__1 _70\"></span>prod<span class=\"__1 _6\"></span>uce<span class=\"__1 _1bc\"> </span>cuando la instalaci\u00f3n<span class=\"__1 _6\"></span> se encuentra en el \u00faltimo semiperiod<span class=\"__1 _6\"></span>o regulatorio), y/o <span class=\"__1 _6\"></span>se traspasar\u00e1 al resulta<span class=\"__1 _6\"></span>do del<span class=\"__1 _1bc\"> </span>ejercicio, es la siguient<span class=\"__1 _6\"></span>e:<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> \u20ac<span class=\"__1 _188\"> </span><span class=\"ff4\">Cor<span class=\"__1 _6\"></span>to Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>zo<span class=\"__1 _124\"> </span>La<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>go Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>zo<span class=\"__1 _101\"> </span>Cor<span class=\"__1 _6\"></span>to Pl<span class=\"__1 _4\"></span>a<span class=\"__1 _6\"></span>zo<span class=\"__1 _e9\"> </span>L<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>go P<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>zo<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _70\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _8\"></span>vos<span class=\"__1 _8\"></span>-<span class=\"__1 _1bc\"> </span>V<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>j<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>m<span class=\"__1 _5\"></span> s<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>m<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>peri<span class=\"__1 _8\"></span>od<span class=\"__1 _6\"></span>o 2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3-2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> (Not<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span> 2<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.2)<span class=\"__1 _ab\"> </span><span class=\"ls8b\">                    -   <span class=\"__1 _ca\"> </span>             2<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.12<span class=\"__1 _6\"></span>9 <span class=\"__1 _110\"> </span>                    -   <span class=\"__1 _cc\"> </span>                    -  </span>                    -                 27<span class=\"__1 _6\"></span>.129<span class=\"__1 _6\"></span> <span class=\"__1 _33\"> </span>                    -   <span class=\"__1 _d1\"> </span>                    -  Pa<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>vos<span class=\"__1 _8\"></span>-<span class=\"__1 _1bc\"> </span>V<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>j<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>m<span class=\"__1 _5\"></span> s<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>m<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>peri<span class=\"__1 _8\"></span>od<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> a<span class=\"__1 _8\"></span>nte<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span>es<span class=\"__1 _163\"> </span><span class=\"ls8b\">             7<span class=\"__1 _6\"></span>.40<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>             95<span class=\"__1 _6\"></span>.75<span class=\"__1 _6\"></span>7 <span class=\"__1 _113\"> </span>             6<span class=\"__1 _6\"></span>.89<span class=\"__1 _6\"></span>2 <span class=\"__1 _cf\"> </span>         1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>3.09<span class=\"__1 _6\"></span>9<span class=\"__1 _1bc\"> </span></span>Otr<span class=\"__1 _6\"></span>os<span class=\"__1 _189\"> </span><span class=\"ls8b\">                    -   <span class=\"__1 _c0\"></span>                  9<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>0 <span class=\"__1 _f9\"> </span>                    -   <span class=\"__1 _bf\"></span>             1.243</span>             7.40<span class=\"__1 _6\"></span>2 <span class=\"__1 _cf\"> </span>             9<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.<span class=\"__1 _70\"></span>7<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span> <span class=\"__1 _113\"> </span>             6.89<span class=\"__1 _6\"></span>2 <span class=\"__1 _cf\"> </span>         1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>4.34<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>Cor<span class=\"__1 _6\"></span>to pl<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>zo<span class=\"__1 _1bc\"> </span>2023<span class=\"__1 _1bc\"> </span>Tot<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _4d\"> </span><span class=\"ls8c\">2024<span class=\"__1 _2f\"> </span>2025<span class=\"__1 _108\"> </span>2026<span class=\"__1 _25\"> </span>2027<span class=\"__1 _103\"> </span>2028<span class=\"__1 _8d\"> </span></span>Si<span class=\"__1 _6\"></span>gui<span class=\"__1 _8\"></span>ent<span class=\"__1 _5\"></span>es<span class=\"__1 _1bc\"> </span>Tot<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span> L<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>go<span class=\"__1 _1bc\"> </span>Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>zo<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>dos<span class=\"__1 _8\"></span> A<span class=\"__1 _5\"></span>cr<span class=\"__1 _6\"></span>ee<span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>es-      Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o CEL<span class=\"__1 _5\"></span>UL<span class=\"__1 _70\"></span>O<span class=\"__1 _6\"></span>SA -               2.07<span class=\"__1 _6\"></span>3 <span class=\"__1 _a8\"> </span>             2<span class=\"__1 _6\"></span>.226<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>             2<span class=\"__1 _6\"></span>.391<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>             2<span class=\"__1 _6\"></span>.56<span class=\"__1 _6\"></span>8 <span class=\"__1 _ce\"> </span>             2.75<span class=\"__1 _6\"></span>8 <span class=\"__1 _ce\"> </span>           20<span class=\"__1 _6\"></span>.375<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>           3<span class=\"__1 _6\"></span>0.31<span class=\"__1 _6\"></span>8      Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o REN<span class=\"__1 _70\"></span>O<span class=\"__1 _6\"></span>VA<span class=\"__1 _70\"></span>BLES -           70<span class=\"__1 _6\"></span>.551<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>               5.32<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _a8\"> </span>             5.723<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>             5<span class=\"__1 _6\"></span>.59<span class=\"__1 _6\"></span>0 <span class=\"__1 _ce\"> </span>             6.00<span class=\"__1 _6\"></span>4 <span class=\"__1 _ce\"> </span>             4.28<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>           4<span class=\"__1 _6\"></span>3.62<span class=\"__1 _6\"></span>1 <span class=\"__1 _c9\"> </span>           6<span class=\"__1 _6\"></span>5.22<span class=\"__1 _6\"></span>2         10<span class=\"__1 _6\"></span>2.942<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>               7<span class=\"__1 _6\"></span>.402 <span class=\"__1 _a8\"> </span>             7<span class=\"__1 _6\"></span>.949 <span class=\"__1 _ce\"> </span>             7<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>98<span class=\"__1 _6\"></span>1 <span class=\"__1 _ce\"> </span>             8.57<span class=\"__1 _6\"></span>2 <span class=\"__1 _ce\"> </span>             7.042<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>           63<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>99<span class=\"__1 _6\"></span>6 <span class=\"__1 _c9\"> </span>           9<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>54<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span>Ve<span class=\"__1 _70\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>mi<span class=\"__1 _6\"></span>ent<span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span> en e<span class=\"__1 _70\"></span>l<span class=\"__1 _8\"></span> a<span class=\"__1 _6\"></span>\u00f1<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>Cor<span class=\"__1 _6\"></span>to pl<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>zo<span class=\"__1 _1bc\"> </span>2022<span class=\"__1 _1bc\"> </span>Tot<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _4d\"> </span><span class=\"ls8e\">2023<span class=\"__1 _2f\"> </span>2024<span class=\"__1 _108\"> </span>2025<span class=\"__1 _25\"> </span>2026<span class=\"__1 _108\"> </span>2027<span class=\"__1 _134\"> </span></span>Si<span class=\"__1 _6\"></span>gui<span class=\"__1 _8\"></span>ent<span class=\"__1 _5\"></span>es<span class=\"__1 _1bc\"> </span>Tot<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span> L<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>go<span class=\"__1 _1bc\"> </span>Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>zo<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>dos<span class=\"__1 _8\"></span> A<span class=\"__1 _5\"></span>cr<span class=\"__1 _6\"></span>ee<span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>es-      Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o CEL<span class=\"__1 _5\"></span>UL<span class=\"__1 _70\"></span>O<span class=\"__1 _6\"></span>SA -               1.93<span class=\"__1 _6\"></span>0 <span class=\"__1 _a8\"> </span>             2<span class=\"__1 _6\"></span>.073<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>             2<span class=\"__1 _6\"></span>.226<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>             2<span class=\"__1 _6\"></span>.39<span class=\"__1 _6\"></span>1 <span class=\"__1 _ce\"> </span>             2.56<span class=\"__1 _6\"></span>8 <span class=\"__1 _ce\"> </span>           23<span class=\"__1 _6\"></span>.13<span class=\"__1 _6\"></span>3      Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o REN<span class=\"__1 _70\"></span>O<span class=\"__1 _6\"></span>VA<span class=\"__1 _70\"></span>BLES -               4.96<span class=\"__1 _6\"></span>2 <span class=\"__1 _a8\"> </span>             5<span class=\"__1 _6\"></span>.329<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>             5<span class=\"__1 _6\"></span>.723<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>             5<span class=\"__1 _6\"></span>.54<span class=\"__1 _6\"></span>9 <span class=\"__1 _ce\"> </span>             5.95<span class=\"__1 _6\"></span>9 <span class=\"__1 _ce\"> </span>           48<span class=\"__1 _6\"></span>.14<span class=\"__1 _6\"></span>8 <span class=\"__1 _c9\"> </span>           7<span class=\"__1 _6\"></span>0.70<span class=\"__1 _6\"></span>8         10<span class=\"__1 _6\"></span>9.99<span class=\"__1 _6\"></span>1 <span class=\"__1 _c9\"> </span>               6<span class=\"__1 _6\"></span>.89<span class=\"__1 _6\"></span>2 <span class=\"__1 _a8\"> </span>             7.40<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>             7<span class=\"__1 _6\"></span>.949<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>             7<span class=\"__1 _6\"></span>.940<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>             8.52<span class=\"__1 _6\"></span>7 <span class=\"__1 _ce\"> </span>           71<span class=\"__1 _6\"></span>.281<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>         10<span class=\"__1 _6\"></span>3.09<span class=\"__1 _6\"></span>9<span class=\"__1 _1bc\"> </span>Pos<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n n<span class=\"__1 _6\"></span>et<span class=\"__1 _70\"></span>a         10<span class=\"__1 _6\"></span>9.991<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>               6<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>89<span class=\"__1 _6\"></span>2 <span class=\"__1 _a8\"> </span>             7<span class=\"__1 _6\"></span>.402<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>             7<span class=\"__1 _6\"></span>.949 <span class=\"__1 _ce\"> </span>             7.94<span class=\"__1 _6\"></span>0 <span class=\"__1 _ce\"> </span>             8.527<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>           71<span class=\"__1 _6\"></span>.281 <span class=\"__1 _cb\"> </span>         1<span class=\"__1 _6\"></span>03<span class=\"__1 _6\"></span>.099<span class=\"__1 _1bc\"> </span>Ve<span class=\"__1 _70\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>mi<span class=\"__1 _6\"></span>ent<span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span> en e<span class=\"__1 _70\"></span>l<span class=\"__1 _8\"></span> a<span class=\"__1 _6\"></span>\u00f1<span class=\"__1 _6\"></span>o",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherCurrentLiabilitiesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-555": {
   "value": "29.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Otr<span class=\"__1 _6\"></span>os activos y pasivos c<span class=\"__1 _5\"></span>orrientes y no corrientes<span class=\"__1 _1bc\"> </span></span></span>El <span class=\"__1 _5\"></span>detalle <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>este ep\u00edgrafe <span class=\"__1 _5\"></span>del Estado <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>Situ<span class=\"__1 _6\"></span>aci\u00f3n <span class=\"__1 _5\"></span>Financiera Consolidado <span class=\"__1 _70\"></span>al 31 <span class=\"__1 _70\"></span>de diciembre <span class=\"__1 _70\"></span>de 2023 <span class=\"__1 _70\"></span>y 2022<span class=\"__1 _1bc\"> </span>es el siguiente:<span class=\"__1 _1bc\"> </span>L<span class=\"ff6\">a <span class=\"__1 _6\"></span>cuenta <span class=\"__1 _6\"></span>\u201cValor <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>ajuste <span class=\"__1 _6\"></span>por <span class=\"__1 _6\"></span>desviaciones<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e precio <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>mercado\u201d<span class=\"__1 _6\"></span></span>, <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>ad<span class=\"__1 _6\"></span>elante Vaj<span class=\"__1 _6\"></span>dm, <span class=\"__1 _6\"></span>incluye <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>saldos<span class=\"__1 _1bc\"> </span>a <span class=\"__1 _8\"></span>cobrar <span class=\"__1 _4\"></span>y/o <span class=\"__1 _8\"></span>pagar<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>ante <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>Comisi\u00f3n <span class=\"__1 _8\"></span>Nacio<span class=\"__1 _6\"></span>nal <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>los <span class=\"__1 _8\"></span>Mercados<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>y <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>Competencia <span class=\"__1 _8\"></span>(CNMC<span class=\"__1 _6\"></span>) <span class=\"__1 _8\"></span>derivad<span class=\"__1 _6\"></span>os <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>la<span class=\"__1 _1bc\"> </span>aplicaci\u00f3n <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>Real <span class=\"__1 _4\"></span>Decreto <span class=\"__1 _4\"></span>413/2014, <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>6 <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>junio, <span class=\"__1 _4\"></span>por <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>regula <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>actividad <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>producci\u00f3n <span class=\"__1 _4\"></span>de<span class=\"__1 _1bc\"> </span>energ\u00eda el\u00e9ctrica a partir de f<span class=\"__1 _5\"></span>uentes de energ\u00eda renovables, cogeneraci\u00f3n<span class=\"__1 _6\"></span> <span class=\"ff6\">y residuos, en lo relativo al \u201cValor<span class=\"__1 _1bc\"> </span></span>de ajuste por <span class=\"__1 _6\"></span><span class=\"ff6\">desviaciones<span class=\"__1 _6\"></span>\u201d (v\u00e9a</span>nse Notas<span class=\"__1 _6\"></span> 3.15, 9 y Anexo III). La <span class=\"__1 _c6\"> </span>composici\u00f3n <span class=\"__1 _c6\"> </span>del <span class=\"__1 _c6\"> </span>pas<span class=\"__1 _6\"></span>ivo <span class=\"__1 _c6\"> </span>por <span class=\"__1 _c6\"> </span>\u201cValor <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>ajus<span class=\"__1 _6\"></span>te <span class=\"__1 _c6\"> </span>por <span class=\"__1 _c6\"> </span>desviaciones\u201d <span class=\"__1 _c6\"> </span>al <span class=\"__1 _c6\"> </span>31 <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>diciembre<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>2023 <span class=\"__1 _c6\"> </span>y <span class=\"__1 _c6\"> </span>2022<span class=\"__1 _1bc\"> </span>clasificada de <span class=\"__1 _5\"></span>acuerdo con los <span class=\"__1 _5\"></span>ejercicios en <span class=\"__1 _70\"></span>q<span class=\"__1 _6\"></span>ue se <span class=\"__1 _70\"></span>li<span class=\"__1 _6\"></span>quidar\u00e1 por parte de <span class=\"__1 _70\"></span>la CNMC (situaci\u00f3n que se <span class=\"__1 _70\"></span>prod<span class=\"__1 _6\"></span>uce<span class=\"__1 _1bc\"> </span>cuando la instalaci\u00f3n<span class=\"__1 _6\"></span> se encuentra en el \u00faltimo semiperiod<span class=\"__1 _6\"></span>o regulatorio), y/o <span class=\"__1 _6\"></span>se traspasar\u00e1 al resulta<span class=\"__1 _6\"></span>do del<span class=\"__1 _1bc\"> </span>ejercicio, es la siguient<span class=\"__1 _6\"></span>e:<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> \u20ac<span class=\"__1 _188\"> </span><span class=\"ff4\">Cor<span class=\"__1 _6\"></span>to Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>zo<span class=\"__1 _124\"> </span>La<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>go Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>zo<span class=\"__1 _101\"> </span>Cor<span class=\"__1 _6\"></span>to Pl<span class=\"__1 _4\"></span>a<span class=\"__1 _6\"></span>zo<span class=\"__1 _e9\"> </span>L<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>go P<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>zo<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _70\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _8\"></span>vos<span class=\"__1 _8\"></span>-<span class=\"__1 _1bc\"> </span>V<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>j<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>m<span class=\"__1 _5\"></span> s<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>m<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>peri<span class=\"__1 _8\"></span>od<span class=\"__1 _6\"></span>o 2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3-2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> (Not<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span> 2<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.2)<span class=\"__1 _ab\"> </span><span class=\"ls8b\">                    -   <span class=\"__1 _ca\"> </span>             2<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.12<span class=\"__1 _6\"></span>9 <span class=\"__1 _110\"> </span>                    -   <span class=\"__1 _cc\"> </span>                    -  </span>                    -                 27<span class=\"__1 _6\"></span>.129<span class=\"__1 _6\"></span> <span class=\"__1 _33\"> </span>                    -   <span class=\"__1 _d1\"> </span>                    -  Pa<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>vos<span class=\"__1 _8\"></span>-<span class=\"__1 _1bc\"> </span>V<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>j<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>m<span class=\"__1 _5\"></span> s<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>m<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>peri<span class=\"__1 _8\"></span>od<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> a<span class=\"__1 _8\"></span>nte<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span>es<span class=\"__1 _163\"> </span><span class=\"ls8b\">             7<span class=\"__1 _6\"></span>.40<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>             95<span class=\"__1 _6\"></span>.75<span class=\"__1 _6\"></span>7 <span class=\"__1 _113\"> </span>             6<span class=\"__1 _6\"></span>.89<span class=\"__1 _6\"></span>2 <span class=\"__1 _cf\"> </span>         1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>3.09<span class=\"__1 _6\"></span>9<span class=\"__1 _1bc\"> </span></span>Otr<span class=\"__1 _6\"></span>os<span class=\"__1 _189\"> </span><span class=\"ls8b\">                    -   <span class=\"__1 _c0\"></span>                  9<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>0 <span class=\"__1 _f9\"> </span>                    -   <span class=\"__1 _bf\"></span>             1.243</span>             7.40<span class=\"__1 _6\"></span>2 <span class=\"__1 _cf\"> </span>             9<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.<span class=\"__1 _70\"></span>7<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span> <span class=\"__1 _113\"> </span>             6.89<span class=\"__1 _6\"></span>2 <span class=\"__1 _cf\"> </span>         1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>4.34<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>Cor<span class=\"__1 _6\"></span>to pl<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>zo<span class=\"__1 _1bc\"> </span>2023<span class=\"__1 _1bc\"> </span>Tot<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _4d\"> </span><span class=\"ls8c\">2024<span class=\"__1 _2f\"> </span>2025<span class=\"__1 _108\"> </span>2026<span class=\"__1 _25\"> </span>2027<span class=\"__1 _103\"> </span>2028<span class=\"__1 _8d\"> </span></span>Si<span class=\"__1 _6\"></span>gui<span class=\"__1 _8\"></span>ent<span class=\"__1 _5\"></span>es<span class=\"__1 _1bc\"> </span>Tot<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span> L<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>go<span class=\"__1 _1bc\"> </span>Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>zo<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>dos<span class=\"__1 _8\"></span> A<span class=\"__1 _5\"></span>cr<span class=\"__1 _6\"></span>ee<span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>es-      Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o CEL<span class=\"__1 _5\"></span>UL<span class=\"__1 _70\"></span>O<span class=\"__1 _6\"></span>SA -               2.07<span class=\"__1 _6\"></span>3 <span class=\"__1 _a8\"> </span>             2<span class=\"__1 _6\"></span>.226<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>             2<span class=\"__1 _6\"></span>.391<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>             2<span class=\"__1 _6\"></span>.56<span class=\"__1 _6\"></span>8 <span class=\"__1 _ce\"> </span>             2.75<span class=\"__1 _6\"></span>8 <span class=\"__1 _ce\"> </span>           20<span class=\"__1 _6\"></span>.375<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>           3<span class=\"__1 _6\"></span>0.31<span class=\"__1 _6\"></span>8      Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o REN<span class=\"__1 _70\"></span>O<span class=\"__1 _6\"></span>VA<span class=\"__1 _70\"></span>BLES -           70<span class=\"__1 _6\"></span>.551<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>               5.32<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _a8\"> </span>             5.723<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>             5<span class=\"__1 _6\"></span>.59<span class=\"__1 _6\"></span>0 <span class=\"__1 _ce\"> </span>             6.00<span class=\"__1 _6\"></span>4 <span class=\"__1 _ce\"> </span>             4.28<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>           4<span class=\"__1 _6\"></span>3.62<span class=\"__1 _6\"></span>1 <span class=\"__1 _c9\"> </span>           6<span class=\"__1 _6\"></span>5.22<span class=\"__1 _6\"></span>2         10<span class=\"__1 _6\"></span>2.942<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>               7<span class=\"__1 _6\"></span>.402 <span class=\"__1 _a8\"> </span>             7<span class=\"__1 _6\"></span>.949 <span class=\"__1 _ce\"> </span>             7<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>98<span class=\"__1 _6\"></span>1 <span class=\"__1 _ce\"> </span>             8.57<span class=\"__1 _6\"></span>2 <span class=\"__1 _ce\"> </span>             7.042<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>           63<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>99<span class=\"__1 _6\"></span>6 <span class=\"__1 _c9\"> </span>           9<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>54<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span>Ve<span class=\"__1 _70\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>mi<span class=\"__1 _6\"></span>ent<span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span> en e<span class=\"__1 _70\"></span>l<span class=\"__1 _8\"></span> a<span class=\"__1 _6\"></span>\u00f1<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>Cor<span class=\"__1 _6\"></span>to pl<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>zo<span class=\"__1 _1bc\"> </span>2022<span class=\"__1 _1bc\"> </span>Tot<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _4d\"> </span><span class=\"ls8e\">2023<span class=\"__1 _2f\"> </span>2024<span class=\"__1 _108\"> </span>2025<span class=\"__1 _25\"> </span>2026<span class=\"__1 _108\"> </span>2027<span class=\"__1 _134\"> </span></span>Si<span class=\"__1 _6\"></span>gui<span class=\"__1 _8\"></span>ent<span class=\"__1 _5\"></span>es<span class=\"__1 _1bc\"> </span>Tot<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span> L<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>go<span class=\"__1 _1bc\"> </span>Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>zo<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>dos<span class=\"__1 _8\"></span> A<span class=\"__1 _5\"></span>cr<span class=\"__1 _6\"></span>ee<span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>es-      Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o CEL<span class=\"__1 _5\"></span>UL<span class=\"__1 _70\"></span>O<span class=\"__1 _6\"></span>SA -               1.93<span class=\"__1 _6\"></span>0 <span class=\"__1 _a8\"> </span>             2<span class=\"__1 _6\"></span>.073<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>             2<span class=\"__1 _6\"></span>.226<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>             2<span class=\"__1 _6\"></span>.39<span class=\"__1 _6\"></span>1 <span class=\"__1 _ce\"> </span>             2.56<span class=\"__1 _6\"></span>8 <span class=\"__1 _ce\"> </span>           23<span class=\"__1 _6\"></span>.13<span class=\"__1 _6\"></span>3      Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o REN<span class=\"__1 _70\"></span>O<span class=\"__1 _6\"></span>VA<span class=\"__1 _70\"></span>BLES -               4.96<span class=\"__1 _6\"></span>2 <span class=\"__1 _a8\"> </span>             5<span class=\"__1 _6\"></span>.329<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>             5<span class=\"__1 _6\"></span>.723<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>             5<span class=\"__1 _6\"></span>.54<span class=\"__1 _6\"></span>9 <span class=\"__1 _ce\"> </span>             5.95<span class=\"__1 _6\"></span>9 <span class=\"__1 _ce\"> </span>           48<span class=\"__1 _6\"></span>.14<span class=\"__1 _6\"></span>8 <span class=\"__1 _c9\"> </span>           7<span class=\"__1 _6\"></span>0.70<span class=\"__1 _6\"></span>8         10<span class=\"__1 _6\"></span>9.99<span class=\"__1 _6\"></span>1 <span class=\"__1 _c9\"> </span>               6<span class=\"__1 _6\"></span>.89<span class=\"__1 _6\"></span>2 <span class=\"__1 _a8\"> </span>             7.40<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>             7<span class=\"__1 _6\"></span>.949<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>             7<span class=\"__1 _6\"></span>.940<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>             8.52<span class=\"__1 _6\"></span>7 <span class=\"__1 _ce\"> </span>           71<span class=\"__1 _6\"></span>.281<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>         10<span class=\"__1 _6\"></span>3.09<span class=\"__1 _6\"></span>9<span class=\"__1 _1bc\"> </span>Pos<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n n<span class=\"__1 _6\"></span>et<span class=\"__1 _70\"></span>a         10<span class=\"__1 _6\"></span>9.991<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>               6<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>89<span class=\"__1 _6\"></span>2 <span class=\"__1 _a8\"> </span>             7<span class=\"__1 _6\"></span>.402<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>             7<span class=\"__1 _6\"></span>.949 <span class=\"__1 _ce\"> </span>             7.94<span class=\"__1 _6\"></span>0 <span class=\"__1 _ce\"> </span>             8.527<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>           71<span class=\"__1 _6\"></span>.281 <span class=\"__1 _cb\"> </span>         1<span class=\"__1 _6\"></span>03<span class=\"__1 _6\"></span>.099<span class=\"__1 _1bc\"> </span>Ve<span class=\"__1 _70\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>mi<span class=\"__1 _6\"></span>ent<span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span> en e<span class=\"__1 _70\"></span>l<span class=\"__1 _8\"></span> a<span class=\"__1 _6\"></span>\u00f1<span class=\"__1 _6\"></span>o",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherLiabilitiesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-556": {
   "value": "29.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Otr<span class=\"__1 _6\"></span>os activos y pasivos c<span class=\"__1 _5\"></span>orrientes y no corrientes<span class=\"__1 _1bc\"> </span></span></span>El <span class=\"__1 _5\"></span>detalle <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>este ep\u00edgrafe <span class=\"__1 _5\"></span>del Estado <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>Situ<span class=\"__1 _6\"></span>aci\u00f3n <span class=\"__1 _5\"></span>Financiera Consolidado <span class=\"__1 _70\"></span>al 31 <span class=\"__1 _70\"></span>de diciembre <span class=\"__1 _70\"></span>de 2023 <span class=\"__1 _70\"></span>y 2022<span class=\"__1 _1bc\"> </span>es el siguiente:<span class=\"__1 _1bc\"> </span>L<span class=\"ff6\">a <span class=\"__1 _6\"></span>cuenta <span class=\"__1 _6\"></span>\u201cValor <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>ajuste <span class=\"__1 _6\"></span>por <span class=\"__1 _6\"></span>desviaciones<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e precio <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>mercado\u201d<span class=\"__1 _6\"></span></span>, <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>ad<span class=\"__1 _6\"></span>elante Vaj<span class=\"__1 _6\"></span>dm, <span class=\"__1 _6\"></span>incluye <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>saldos<span class=\"__1 _1bc\"> </span>a <span class=\"__1 _8\"></span>cobrar <span class=\"__1 _4\"></span>y/o <span class=\"__1 _8\"></span>pagar<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>ante <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>Comisi\u00f3n <span class=\"__1 _8\"></span>Nacio<span class=\"__1 _6\"></span>nal <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>los <span class=\"__1 _8\"></span>Mercados<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>y <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>Competencia <span class=\"__1 _8\"></span>(CNMC<span class=\"__1 _6\"></span>) <span class=\"__1 _8\"></span>derivad<span class=\"__1 _6\"></span>os <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>la<span class=\"__1 _1bc\"> </span>aplicaci\u00f3n <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>Real <span class=\"__1 _4\"></span>Decreto <span class=\"__1 _4\"></span>413/2014, <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>6 <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>junio, <span class=\"__1 _4\"></span>por <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>regula <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>actividad <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>producci\u00f3n <span class=\"__1 _4\"></span>de<span class=\"__1 _1bc\"> </span>energ\u00eda el\u00e9ctrica a partir de f<span class=\"__1 _5\"></span>uentes de energ\u00eda renovables, cogeneraci\u00f3n<span class=\"__1 _6\"></span> <span class=\"ff6\">y residuos, en lo relativo al \u201cValor<span class=\"__1 _1bc\"> </span></span>de ajuste por <span class=\"__1 _6\"></span><span class=\"ff6\">desviaciones<span class=\"__1 _6\"></span>\u201d (v\u00e9a</span>nse Notas<span class=\"__1 _6\"></span> 3.15, 9 y Anexo III). La <span class=\"__1 _c6\"> </span>composici\u00f3n <span class=\"__1 _c6\"> </span>del <span class=\"__1 _c6\"> </span>pas<span class=\"__1 _6\"></span>ivo <span class=\"__1 _c6\"> </span>por <span class=\"__1 _c6\"> </span>\u201cValor <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>ajus<span class=\"__1 _6\"></span>te <span class=\"__1 _c6\"> </span>por <span class=\"__1 _c6\"> </span>desviaciones\u201d <span class=\"__1 _c6\"> </span>al <span class=\"__1 _c6\"> </span>31 <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>diciembre<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>2023 <span class=\"__1 _c6\"> </span>y <span class=\"__1 _c6\"> </span>2022<span class=\"__1 _1bc\"> </span>clasificada de <span class=\"__1 _5\"></span>acuerdo con los <span class=\"__1 _5\"></span>ejercicios en <span class=\"__1 _70\"></span>q<span class=\"__1 _6\"></span>ue se <span class=\"__1 _70\"></span>li<span class=\"__1 _6\"></span>quidar\u00e1 por parte de <span class=\"__1 _70\"></span>la CNMC (situaci\u00f3n que se <span class=\"__1 _70\"></span>prod<span class=\"__1 _6\"></span>uce<span class=\"__1 _1bc\"> </span>cuando la instalaci\u00f3n<span class=\"__1 _6\"></span> se encuentra en el \u00faltimo semiperiod<span class=\"__1 _6\"></span>o regulatorio), y/o <span class=\"__1 _6\"></span>se traspasar\u00e1 al resulta<span class=\"__1 _6\"></span>do del<span class=\"__1 _1bc\"> </span>ejercicio, es la siguient<span class=\"__1 _6\"></span>e:<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> \u20ac<span class=\"__1 _188\"> </span><span class=\"ff4\">Cor<span class=\"__1 _6\"></span>to Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>zo<span class=\"__1 _124\"> </span>La<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>go Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>zo<span class=\"__1 _101\"> </span>Cor<span class=\"__1 _6\"></span>to Pl<span class=\"__1 _4\"></span>a<span class=\"__1 _6\"></span>zo<span class=\"__1 _e9\"> </span>L<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>go P<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>zo<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _70\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _8\"></span>vos<span class=\"__1 _8\"></span>-<span class=\"__1 _1bc\"> </span>V<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>j<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>m<span class=\"__1 _5\"></span> s<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>m<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>peri<span class=\"__1 _8\"></span>od<span class=\"__1 _6\"></span>o 2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3-2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> (Not<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span> 2<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.2)<span class=\"__1 _ab\"> </span><span class=\"ls8b\">                    -   <span class=\"__1 _ca\"> </span>             2<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.12<span class=\"__1 _6\"></span>9 <span class=\"__1 _110\"> </span>                    -   <span class=\"__1 _cc\"> </span>                    -  </span>                    -                 27<span class=\"__1 _6\"></span>.129<span class=\"__1 _6\"></span> <span class=\"__1 _33\"> </span>                    -   <span class=\"__1 _d1\"> </span>                    -  Pa<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>vos<span class=\"__1 _8\"></span>-<span class=\"__1 _1bc\"> </span>V<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>j<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>m<span class=\"__1 _5\"></span> s<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>m<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>peri<span class=\"__1 _8\"></span>od<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> a<span class=\"__1 _8\"></span>nte<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span>es<span class=\"__1 _163\"> </span><span class=\"ls8b\">             7<span class=\"__1 _6\"></span>.40<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>             95<span class=\"__1 _6\"></span>.75<span class=\"__1 _6\"></span>7 <span class=\"__1 _113\"> </span>             6<span class=\"__1 _6\"></span>.89<span class=\"__1 _6\"></span>2 <span class=\"__1 _cf\"> </span>         1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>3.09<span class=\"__1 _6\"></span>9<span class=\"__1 _1bc\"> </span></span>Otr<span class=\"__1 _6\"></span>os<span class=\"__1 _189\"> </span><span class=\"ls8b\">                    -   <span class=\"__1 _c0\"></span>                  9<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>0 <span class=\"__1 _f9\"> </span>                    -   <span class=\"__1 _bf\"></span>             1.243</span>             7.40<span class=\"__1 _6\"></span>2 <span class=\"__1 _cf\"> </span>             9<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.<span class=\"__1 _70\"></span>7<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span> <span class=\"__1 _113\"> </span>             6.89<span class=\"__1 _6\"></span>2 <span class=\"__1 _cf\"> </span>         1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>4.34<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>Cor<span class=\"__1 _6\"></span>to pl<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>zo<span class=\"__1 _1bc\"> </span>2023<span class=\"__1 _1bc\"> </span>Tot<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _4d\"> </span><span class=\"ls8c\">2024<span class=\"__1 _2f\"> </span>2025<span class=\"__1 _108\"> </span>2026<span class=\"__1 _25\"> </span>2027<span class=\"__1 _103\"> </span>2028<span class=\"__1 _8d\"> </span></span>Si<span class=\"__1 _6\"></span>gui<span class=\"__1 _8\"></span>ent<span class=\"__1 _5\"></span>es<span class=\"__1 _1bc\"> </span>Tot<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span> L<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>go<span class=\"__1 _1bc\"> </span>Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>zo<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>dos<span class=\"__1 _8\"></span> A<span class=\"__1 _5\"></span>cr<span class=\"__1 _6\"></span>ee<span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>es-      Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o CEL<span class=\"__1 _5\"></span>UL<span class=\"__1 _70\"></span>O<span class=\"__1 _6\"></span>SA -               2.07<span class=\"__1 _6\"></span>3 <span class=\"__1 _a8\"> </span>             2<span class=\"__1 _6\"></span>.226<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>             2<span class=\"__1 _6\"></span>.391<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>             2<span class=\"__1 _6\"></span>.56<span class=\"__1 _6\"></span>8 <span class=\"__1 _ce\"> </span>             2.75<span class=\"__1 _6\"></span>8 <span class=\"__1 _ce\"> </span>           20<span class=\"__1 _6\"></span>.375<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>           3<span class=\"__1 _6\"></span>0.31<span class=\"__1 _6\"></span>8      Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o REN<span class=\"__1 _70\"></span>O<span class=\"__1 _6\"></span>VA<span class=\"__1 _70\"></span>BLES -           70<span class=\"__1 _6\"></span>.551<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>               5.32<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _a8\"> </span>             5.723<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>             5<span class=\"__1 _6\"></span>.59<span class=\"__1 _6\"></span>0 <span class=\"__1 _ce\"> </span>             6.00<span class=\"__1 _6\"></span>4 <span class=\"__1 _ce\"> </span>             4.28<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>           4<span class=\"__1 _6\"></span>3.62<span class=\"__1 _6\"></span>1 <span class=\"__1 _c9\"> </span>           6<span class=\"__1 _6\"></span>5.22<span class=\"__1 _6\"></span>2         10<span class=\"__1 _6\"></span>2.942<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>               7<span class=\"__1 _6\"></span>.402 <span class=\"__1 _a8\"> </span>             7<span class=\"__1 _6\"></span>.949 <span class=\"__1 _ce\"> </span>             7<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>98<span class=\"__1 _6\"></span>1 <span class=\"__1 _ce\"> </span>             8.57<span class=\"__1 _6\"></span>2 <span class=\"__1 _ce\"> </span>             7.042<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>           63<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>99<span class=\"__1 _6\"></span>6 <span class=\"__1 _c9\"> </span>           9<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>54<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span>Ve<span class=\"__1 _70\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>mi<span class=\"__1 _6\"></span>ent<span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span> en e<span class=\"__1 _70\"></span>l<span class=\"__1 _8\"></span> a<span class=\"__1 _6\"></span>\u00f1<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>Cor<span class=\"__1 _6\"></span>to pl<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>zo<span class=\"__1 _1bc\"> </span>2022<span class=\"__1 _1bc\"> </span>Tot<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _4d\"> </span><span class=\"ls8e\">2023<span class=\"__1 _2f\"> </span>2024<span class=\"__1 _108\"> </span>2025<span class=\"__1 _25\"> </span>2026<span class=\"__1 _108\"> </span>2027<span class=\"__1 _134\"> </span></span>Si<span class=\"__1 _6\"></span>gui<span class=\"__1 _8\"></span>ent<span class=\"__1 _5\"></span>es<span class=\"__1 _1bc\"> </span>Tot<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span> L<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>go<span class=\"__1 _1bc\"> </span>Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>zo<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>dos<span class=\"__1 _8\"></span> A<span class=\"__1 _5\"></span>cr<span class=\"__1 _6\"></span>ee<span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>es-      Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o CEL<span class=\"__1 _5\"></span>UL<span class=\"__1 _70\"></span>O<span class=\"__1 _6\"></span>SA -               1.93<span class=\"__1 _6\"></span>0 <span class=\"__1 _a8\"> </span>             2<span class=\"__1 _6\"></span>.073<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>             2<span class=\"__1 _6\"></span>.226<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>             2<span class=\"__1 _6\"></span>.39<span class=\"__1 _6\"></span>1 <span class=\"__1 _ce\"> </span>             2.56<span class=\"__1 _6\"></span>8 <span class=\"__1 _ce\"> </span>           23<span class=\"__1 _6\"></span>.13<span class=\"__1 _6\"></span>3      Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o REN<span class=\"__1 _70\"></span>O<span class=\"__1 _6\"></span>VA<span class=\"__1 _70\"></span>BLES -               4.96<span class=\"__1 _6\"></span>2 <span class=\"__1 _a8\"> </span>             5<span class=\"__1 _6\"></span>.329<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>             5<span class=\"__1 _6\"></span>.723<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>             5<span class=\"__1 _6\"></span>.54<span class=\"__1 _6\"></span>9 <span class=\"__1 _ce\"> </span>             5.95<span class=\"__1 _6\"></span>9 <span class=\"__1 _ce\"> </span>           48<span class=\"__1 _6\"></span>.14<span class=\"__1 _6\"></span>8 <span class=\"__1 _c9\"> </span>           7<span class=\"__1 _6\"></span>0.70<span class=\"__1 _6\"></span>8         10<span class=\"__1 _6\"></span>9.99<span class=\"__1 _6\"></span>1 <span class=\"__1 _c9\"> </span>               6<span class=\"__1 _6\"></span>.89<span class=\"__1 _6\"></span>2 <span class=\"__1 _a8\"> </span>             7.40<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>             7<span class=\"__1 _6\"></span>.949<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>             7<span class=\"__1 _6\"></span>.940<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>             8.52<span class=\"__1 _6\"></span>7 <span class=\"__1 _ce\"> </span>           71<span class=\"__1 _6\"></span>.281<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>         10<span class=\"__1 _6\"></span>3.09<span class=\"__1 _6\"></span>9<span class=\"__1 _1bc\"> </span>Pos<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n n<span class=\"__1 _6\"></span>et<span class=\"__1 _70\"></span>a         10<span class=\"__1 _6\"></span>9.991<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>               6<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>89<span class=\"__1 _6\"></span>2 <span class=\"__1 _a8\"> </span>             7<span class=\"__1 _6\"></span>.402<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>             7<span class=\"__1 _6\"></span>.949 <span class=\"__1 _ce\"> </span>             7.94<span class=\"__1 _6\"></span>0 <span class=\"__1 _ce\"> </span>             8.527<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>           71<span class=\"__1 _6\"></span>.281 <span class=\"__1 _cb\"> </span>         1<span class=\"__1 _6\"></span>03<span class=\"__1 _6\"></span>.099<span class=\"__1 _1bc\"> </span>Ve<span class=\"__1 _70\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>mi<span class=\"__1 _6\"></span>ent<span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span> en e<span class=\"__1 _70\"></span>l<span class=\"__1 _8\"></span> a<span class=\"__1 _6\"></span>\u00f1<span class=\"__1 _6\"></span>o",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherNoncurrentAssetsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-558": {
   "value": "29.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Otr<span class=\"__1 _6\"></span>os activos y pasivos c<span class=\"__1 _5\"></span>orrientes y no corrientes<span class=\"__1 _1bc\"> </span></span></span>El <span class=\"__1 _5\"></span>detalle <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>este ep\u00edgrafe <span class=\"__1 _5\"></span>del Estado <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>Situ<span class=\"__1 _6\"></span>aci\u00f3n <span class=\"__1 _5\"></span>Financiera Consolidado <span class=\"__1 _70\"></span>al 31 <span class=\"__1 _70\"></span>de diciembre <span class=\"__1 _70\"></span>de 2023 <span class=\"__1 _70\"></span>y 2022<span class=\"__1 _1bc\"> </span>es el siguiente:<span class=\"__1 _1bc\"> </span>L<span class=\"ff6\">a <span class=\"__1 _6\"></span>cuenta <span class=\"__1 _6\"></span>\u201cValor <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>ajuste <span class=\"__1 _6\"></span>por <span class=\"__1 _6\"></span>desviaciones<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e precio <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>mercado\u201d<span class=\"__1 _6\"></span></span>, <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>ad<span class=\"__1 _6\"></span>elante Vaj<span class=\"__1 _6\"></span>dm, <span class=\"__1 _6\"></span>incluye <span class=\"__1 _6\"></span>los <span class=\"__1 _6\"></span>saldos<span class=\"__1 _1bc\"> </span>a <span class=\"__1 _8\"></span>cobrar <span class=\"__1 _4\"></span>y/o <span class=\"__1 _8\"></span>pagar<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>ante <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>Comisi\u00f3n <span class=\"__1 _8\"></span>Nacio<span class=\"__1 _6\"></span>nal <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>los <span class=\"__1 _8\"></span>Mercados<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>y <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>Competencia <span class=\"__1 _8\"></span>(CNMC<span class=\"__1 _6\"></span>) <span class=\"__1 _8\"></span>derivad<span class=\"__1 _6\"></span>os <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>la<span class=\"__1 _1bc\"> </span>aplicaci\u00f3n <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>Real <span class=\"__1 _4\"></span>Decreto <span class=\"__1 _4\"></span>413/2014, <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>6 <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>junio, <span class=\"__1 _4\"></span>por <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>regula <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>actividad <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>producci\u00f3n <span class=\"__1 _4\"></span>de<span class=\"__1 _1bc\"> </span>energ\u00eda el\u00e9ctrica a partir de f<span class=\"__1 _5\"></span>uentes de energ\u00eda renovables, cogeneraci\u00f3n<span class=\"__1 _6\"></span> <span class=\"ff6\">y residuos, en lo relativo al \u201cValor<span class=\"__1 _1bc\"> </span></span>de ajuste por <span class=\"__1 _6\"></span><span class=\"ff6\">desviaciones<span class=\"__1 _6\"></span>\u201d (v\u00e9a</span>nse Notas<span class=\"__1 _6\"></span> 3.15, 9 y Anexo III). La <span class=\"__1 _c6\"> </span>composici\u00f3n <span class=\"__1 _c6\"> </span>del <span class=\"__1 _c6\"> </span>pas<span class=\"__1 _6\"></span>ivo <span class=\"__1 _c6\"> </span>por <span class=\"__1 _c6\"> </span>\u201cValor <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>ajus<span class=\"__1 _6\"></span>te <span class=\"__1 _c6\"> </span>por <span class=\"__1 _c6\"> </span>desviaciones\u201d <span class=\"__1 _c6\"> </span>al <span class=\"__1 _c6\"> </span>31 <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>diciembre<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c6\"> </span>2023 <span class=\"__1 _c6\"> </span>y <span class=\"__1 _c6\"> </span>2022<span class=\"__1 _1bc\"> </span>clasificada de <span class=\"__1 _5\"></span>acuerdo con los <span class=\"__1 _5\"></span>ejercicios en <span class=\"__1 _70\"></span>q<span class=\"__1 _6\"></span>ue se <span class=\"__1 _70\"></span>li<span class=\"__1 _6\"></span>quidar\u00e1 por parte de <span class=\"__1 _70\"></span>la CNMC (situaci\u00f3n que se <span class=\"__1 _70\"></span>prod<span class=\"__1 _6\"></span>uce<span class=\"__1 _1bc\"> </span>cuando la instalaci\u00f3n<span class=\"__1 _6\"></span> se encuentra en el \u00faltimo semiperiod<span class=\"__1 _6\"></span>o regulatorio), y/o <span class=\"__1 _6\"></span>se traspasar\u00e1 al resulta<span class=\"__1 _6\"></span>do del<span class=\"__1 _1bc\"> </span>ejercicio, es la siguient<span class=\"__1 _6\"></span>e:<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> \u20ac<span class=\"__1 _188\"> </span><span class=\"ff4\">Cor<span class=\"__1 _6\"></span>to Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>zo<span class=\"__1 _124\"> </span>La<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>go Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>zo<span class=\"__1 _101\"> </span>Cor<span class=\"__1 _6\"></span>to Pl<span class=\"__1 _4\"></span>a<span class=\"__1 _6\"></span>zo<span class=\"__1 _e9\"> </span>L<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>go P<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>zo<span class=\"__1 _1bc\"> </span></span>A<span class=\"__1 _70\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _8\"></span>vos<span class=\"__1 _8\"></span>-<span class=\"__1 _1bc\"> </span>V<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>j<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>m<span class=\"__1 _5\"></span> s<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>m<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>peri<span class=\"__1 _8\"></span>od<span class=\"__1 _6\"></span>o 2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3-2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> (Not<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span> 2<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.2)<span class=\"__1 _ab\"> </span><span class=\"ls8b\">                    -   <span class=\"__1 _ca\"> </span>             2<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.12<span class=\"__1 _6\"></span>9 <span class=\"__1 _110\"> </span>                    -   <span class=\"__1 _cc\"> </span>                    -  </span>                    -                 27<span class=\"__1 _6\"></span>.129<span class=\"__1 _6\"></span> <span class=\"__1 _33\"> </span>                    -   <span class=\"__1 _d1\"> </span>                    -  Pa<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>vos<span class=\"__1 _8\"></span>-<span class=\"__1 _1bc\"> </span>V<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>j<span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>m<span class=\"__1 _5\"></span> s<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>m<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>peri<span class=\"__1 _8\"></span>od<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> a<span class=\"__1 _8\"></span>nte<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span>es<span class=\"__1 _163\"> </span><span class=\"ls8b\">             7<span class=\"__1 _6\"></span>.40<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>             95<span class=\"__1 _6\"></span>.75<span class=\"__1 _6\"></span>7 <span class=\"__1 _113\"> </span>             6<span class=\"__1 _6\"></span>.89<span class=\"__1 _6\"></span>2 <span class=\"__1 _cf\"> </span>         1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>3.09<span class=\"__1 _6\"></span>9<span class=\"__1 _1bc\"> </span></span>Otr<span class=\"__1 _6\"></span>os<span class=\"__1 _189\"> </span><span class=\"ls8b\">                    -   <span class=\"__1 _c0\"></span>                  9<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>0 <span class=\"__1 _f9\"> </span>                    -   <span class=\"__1 _bf\"></span>             1.243</span>             7.40<span class=\"__1 _6\"></span>2 <span class=\"__1 _cf\"> </span>             9<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.<span class=\"__1 _70\"></span>7<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span> <span class=\"__1 _113\"> </span>             6.89<span class=\"__1 _6\"></span>2 <span class=\"__1 _cf\"> </span>         1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>4.34<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>Cor<span class=\"__1 _6\"></span>to pl<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>zo<span class=\"__1 _1bc\"> </span>2023<span class=\"__1 _1bc\"> </span>Tot<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _4d\"> </span><span class=\"ls8c\">2024<span class=\"__1 _2f\"> </span>2025<span class=\"__1 _108\"> </span>2026<span class=\"__1 _25\"> </span>2027<span class=\"__1 _103\"> </span>2028<span class=\"__1 _8d\"> </span></span>Si<span class=\"__1 _6\"></span>gui<span class=\"__1 _8\"></span>ent<span class=\"__1 _5\"></span>es<span class=\"__1 _1bc\"> </span>Tot<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span> L<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>go<span class=\"__1 _1bc\"> </span>Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>zo<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>dos<span class=\"__1 _8\"></span> A<span class=\"__1 _5\"></span>cr<span class=\"__1 _6\"></span>ee<span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>es-      Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o CEL<span class=\"__1 _5\"></span>UL<span class=\"__1 _70\"></span>O<span class=\"__1 _6\"></span>SA -               2.07<span class=\"__1 _6\"></span>3 <span class=\"__1 _a8\"> </span>             2<span class=\"__1 _6\"></span>.226<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>             2<span class=\"__1 _6\"></span>.391<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>             2<span class=\"__1 _6\"></span>.56<span class=\"__1 _6\"></span>8 <span class=\"__1 _ce\"> </span>             2.75<span class=\"__1 _6\"></span>8 <span class=\"__1 _ce\"> </span>           20<span class=\"__1 _6\"></span>.375<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>           3<span class=\"__1 _6\"></span>0.31<span class=\"__1 _6\"></span>8      Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o REN<span class=\"__1 _70\"></span>O<span class=\"__1 _6\"></span>VA<span class=\"__1 _70\"></span>BLES -           70<span class=\"__1 _6\"></span>.551<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>               5.32<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _a8\"> </span>             5.723<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>             5<span class=\"__1 _6\"></span>.59<span class=\"__1 _6\"></span>0 <span class=\"__1 _ce\"> </span>             6.00<span class=\"__1 _6\"></span>4 <span class=\"__1 _ce\"> </span>             4.28<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>           4<span class=\"__1 _6\"></span>3.62<span class=\"__1 _6\"></span>1 <span class=\"__1 _c9\"> </span>           6<span class=\"__1 _6\"></span>5.22<span class=\"__1 _6\"></span>2         10<span class=\"__1 _6\"></span>2.942<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>               7<span class=\"__1 _6\"></span>.402 <span class=\"__1 _a8\"> </span>             7<span class=\"__1 _6\"></span>.949 <span class=\"__1 _ce\"> </span>             7<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>98<span class=\"__1 _6\"></span>1 <span class=\"__1 _ce\"> </span>             8.57<span class=\"__1 _6\"></span>2 <span class=\"__1 _ce\"> </span>             7.042<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>           63<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>99<span class=\"__1 _6\"></span>6 <span class=\"__1 _c9\"> </span>           9<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>54<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span>Ve<span class=\"__1 _70\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>mi<span class=\"__1 _6\"></span>ent<span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span> en e<span class=\"__1 _70\"></span>l<span class=\"__1 _8\"></span> a<span class=\"__1 _6\"></span>\u00f1<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>Cor<span class=\"__1 _6\"></span>to pl<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>zo<span class=\"__1 _1bc\"> </span>2022<span class=\"__1 _1bc\"> </span>Tot<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _4d\"> </span><span class=\"ls8e\">2023<span class=\"__1 _2f\"> </span>2024<span class=\"__1 _108\"> </span>2025<span class=\"__1 _25\"> </span>2026<span class=\"__1 _108\"> </span>2027<span class=\"__1 _134\"> </span></span>Si<span class=\"__1 _6\"></span>gui<span class=\"__1 _8\"></span>ent<span class=\"__1 _5\"></span>es<span class=\"__1 _1bc\"> </span>Tot<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span> L<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>go<span class=\"__1 _1bc\"> </span>Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>zo<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>dos<span class=\"__1 _8\"></span> A<span class=\"__1 _5\"></span>cr<span class=\"__1 _6\"></span>ee<span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>es-      Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o CEL<span class=\"__1 _5\"></span>UL<span class=\"__1 _70\"></span>O<span class=\"__1 _6\"></span>SA -               1.93<span class=\"__1 _6\"></span>0 <span class=\"__1 _a8\"> </span>             2<span class=\"__1 _6\"></span>.073<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>             2<span class=\"__1 _6\"></span>.226<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>             2<span class=\"__1 _6\"></span>.39<span class=\"__1 _6\"></span>1 <span class=\"__1 _ce\"> </span>             2.56<span class=\"__1 _6\"></span>8 <span class=\"__1 _ce\"> </span>           23<span class=\"__1 _6\"></span>.13<span class=\"__1 _6\"></span>3      Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o REN<span class=\"__1 _70\"></span>O<span class=\"__1 _6\"></span>VA<span class=\"__1 _70\"></span>BLES -               4.96<span class=\"__1 _6\"></span>2 <span class=\"__1 _a8\"> </span>             5<span class=\"__1 _6\"></span>.329<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>             5<span class=\"__1 _6\"></span>.723<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>             5<span class=\"__1 _6\"></span>.54<span class=\"__1 _6\"></span>9 <span class=\"__1 _ce\"> </span>             5.95<span class=\"__1 _6\"></span>9 <span class=\"__1 _ce\"> </span>           48<span class=\"__1 _6\"></span>.14<span class=\"__1 _6\"></span>8 <span class=\"__1 _c9\"> </span>           7<span class=\"__1 _6\"></span>0.70<span class=\"__1 _6\"></span>8         10<span class=\"__1 _6\"></span>9.99<span class=\"__1 _6\"></span>1 <span class=\"__1 _c9\"> </span>               6<span class=\"__1 _6\"></span>.89<span class=\"__1 _6\"></span>2 <span class=\"__1 _a8\"> </span>             7.40<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>             7<span class=\"__1 _6\"></span>.949<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>             7<span class=\"__1 _6\"></span>.940<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>             8.52<span class=\"__1 _6\"></span>7 <span class=\"__1 _ce\"> </span>           71<span class=\"__1 _6\"></span>.281<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>         10<span class=\"__1 _6\"></span>3.09<span class=\"__1 _6\"></span>9<span class=\"__1 _1bc\"> </span>Pos<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n n<span class=\"__1 _6\"></span>et<span class=\"__1 _70\"></span>a         10<span class=\"__1 _6\"></span>9.991<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>               6<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>89<span class=\"__1 _6\"></span>2 <span class=\"__1 _a8\"> </span>             7<span class=\"__1 _6\"></span>.402<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>             7<span class=\"__1 _6\"></span>.949 <span class=\"__1 _ce\"> </span>             7.94<span class=\"__1 _6\"></span>0 <span class=\"__1 _ce\"> </span>             8.527<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>           71<span class=\"__1 _6\"></span>.281 <span class=\"__1 _cb\"> </span>         1<span class=\"__1 _6\"></span>03<span class=\"__1 _6\"></span>.099<span class=\"__1 _1bc\"> </span>Ve<span class=\"__1 _70\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>mi<span class=\"__1 _6\"></span>ent<span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span> en e<span class=\"__1 _70\"></span>l<span class=\"__1 _8\"></span> a<span class=\"__1 _6\"></span>\u00f1<span class=\"__1 _6\"></span>o",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherNoncurrentLiabilitiesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-42": {
   "value": "30.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Instrumentos financieros derivados<span class=\"__1 _1bc\"> </span></span></span>Siguiendo la pol\u00edtica d<span class=\"__1 _6\"></span>e gesti\u00f3n d<span class=\"__1 _6\"></span>e riesgos financieros d<span class=\"__1 _6\"></span>escrita en <span class=\"__1 _6\"></span>la No<span class=\"__1 _6\"></span>ta 5, el Grupo <span class=\"__1 _6\"></span>realiza contrata<span class=\"__1 _6\"></span>ciones<span class=\"__1 _1bc\"> </span>de instrumentos fin<span class=\"__1 _6\"></span>ancieros derivado<span class=\"__1 _6\"></span>s principalmente para <span class=\"__1 _6\"></span>cubrir sus r<span class=\"__1 _6\"></span>iesgos financieros.<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _5\"></span>detalle <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>este ep\u00edgrafe <span class=\"__1 _5\"></span>del Estado <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>Situ<span class=\"__1 _6\"></span>aci\u00f3n <span class=\"__1 _5\"></span>Financiera Consolidado <span class=\"__1 _70\"></span>al 31 <span class=\"__1 _70\"></span>de diciembre <span class=\"__1 _70\"></span>de 2023 <span class=\"__1 _70\"></span>y 2022<span class=\"__1 _1bc\"> </span>que <span class=\"__1 _6\"></span>se <span class=\"__1 _8\"></span>corresponde <span class=\"__1 _6\"></span>con <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>val<span class=\"__1 _6\"></span>or <span class=\"__1 _6\"></span>razonab<span class=\"__1 _6\"></span>le <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>instru<span class=\"__1 _6\"></span>mentos <span class=\"__1 _6\"></span>financieros <span class=\"__1 _8\"></span>derivados <span class=\"__1 _8\"></span>en es<span class=\"__1 _6\"></span>as <span class=\"__1 _6\"></span>fechas,<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>el<span class=\"__1 _1bc\"> </span>siguiente: El <span class=\"__1 _70\"></span>importe <span class=\"__1 _5\"></span>del <span class=\"__1 _70\"></span>valor razonable <span class=\"__1 _70\"></span>tras<span class=\"__1 _6\"></span>pasado <span class=\"__1 _70\"></span>al resultado <span class=\"__1 _70\"></span>del <span class=\"__1 _70\"></span>ejercicio <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>los instrumentos <span class=\"__1 _70\"></span>financieros derivados<span class=\"__1 _1bc\"> </span>al 31 de diciembre de 20<span class=\"__1 _6\"></span>23 y 2022 es el siguient<span class=\"__1 _6\"></span>e:<span class=\"__1 _1bc\"> </span>Todos <span class=\"__1 _8\"></span>los <span class=\"__1 _4\"></span>instrumentos <span class=\"__1 _8\"></span>financieros <span class=\"__1 _8\"></span>derivad<span class=\"__1 _6\"></span>os <span class=\"__1 _8\"></span>contra<span class=\"__1 _6\"></span>tados <span class=\"__1 _8\"></span>por <span class=\"__1 _8\"></span>E<span class=\"__1 _6\"></span>NCE <span class=\"__1 _8\"></span>al <span class=\"__1 _4\"></span>31<span class=\"__1 _70\"></span> <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>diciembre <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>2023 <span class=\"__1 _4\"></span>califican<span class=\"__1 _1bc\"> </span>como cobertura conta<span class=\"__1 _6\"></span>ble. 30.1<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Coberturas de divisa<span class=\"__1 _1bc\"> </span></span></span>ENCE <span class=\"__1 _4\"></span>cubre <span class=\"__1 _8\"></span>las <span class=\"__1 _4\"></span>fluctuaciones <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>tipo <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>cambio <span class=\"__1 _4\"></span>d\u00f3lar/euro, <span class=\"__1 _4\"></span>que <span class=\"__1 _8\"></span>afectan <span class=\"__1 _4\"></span>significativam<span class=\"__1 _6\"></span>ente <span class=\"__1 _4\"></span>al <span class=\"__1 _8\"></span>precio <span class=\"__1 _4\"></span>de<span class=\"__1 _1bc\"> </span>venta <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>celulosa, con<span class=\"__1 _5\"></span> <span class=\"__1 _70\"></span>t\u00faneles <span class=\"__1 _70\"></span>en la <span class=\"__1 _70\"></span>modalidad <span class=\"__1 _70\"></span>asi\u00e1tica. Su <span class=\"__1 _70\"></span>detalle <span class=\"__1 _70\"></span>al <span class=\"__1 _70\"></span>31 <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>diciembre <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>2023 <span class=\"__1 _70\"></span>es e<span class=\"__1 _5\"></span>l <span class=\"__1 _70\"></span>siguient<span class=\"__1 _6\"></span>e:<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es <span class=\"__1 _6\"></span>de E<span class=\"__1 _70\"></span>u<span class=\"__1 _6\"></span>ro<span class=\"__1 _6\"></span>s<span class=\"__1 _133\"> </span>31<span class=\"__1 _6\"></span>/12<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>02<span class=\"__1 _6\"></span>3<span class=\"__1 _179\"> </span>3<span class=\"__1 _6\"></span>1/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/20<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>2<span class=\"__1 _c1\"> </span>31/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/20<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3<span class=\"__1 _179\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>22<span class=\"__1 _179\"> </span>3<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>/12<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>02<span class=\"__1 _6\"></span>3<span class=\"__1 _179\"> </span>3<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>/12<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>02<span class=\"__1 _6\"></span>2<span class=\"__1 _179\"> </span>3<span class=\"__1 _6\"></span>1/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/20<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3<span class=\"__1 _179\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>22<span class=\"__1 _1bc\"> </span>Cobertura<span class=\"__1 _8\"></span> de fl<span class=\"__1 _6\"></span>uj<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> efe<span class=\"__1 _70\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vo-   I<span class=\"__1 _6\"></span>RSwa<span class=\"__1 _6\"></span>p<span class=\"__1 _109\"> </span><span class=\"ls91\">            1.28<span class=\"__1 _6\"></span>3 <span class=\"__1 _cd\"> </span>            3.22<span class=\"__1 _6\"></span>4 <span class=\"__1 _cb\"> </span>            1<span class=\"__1 _6\"></span>.718<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>            2<span class=\"__1 _6\"></span>.579<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>            3<span class=\"__1 _6\"></span>.441<span class=\"__1 _6\"></span> <span class=\"__1 _2a\"> </span>                   -   <span class=\"__1 _6\"></span>               5<span class=\"__1 _6\"></span>93<span class=\"__1 _6\"></span> <span class=\"__1 _2a\"> </span>                   -</span><span class=\"ls91\"> </span>   Comi<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>\u00f3<span class=\"__1 _6\"></span>n es<span class=\"__1 _6\"></span>truc<span class=\"__1 _6\"></span>tura<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3n I<span class=\"__1 _8\"></span>RSwap<span class=\"__1 _1b\"> </span><span class=\"ls91\">                  27 <span class=\"__1 _ce\"> </span>               1<span class=\"__1 _6\"></span>07<span class=\"__1 _6\"></span> <span class=\"__1 _119\"> </span>                   -   <span class=\"__1 _c9\"> </span>                   -   <span class=\"__1 _c9\"> </span>                   -   <span class=\"__1 _c9\"> </span>                   -   <span class=\"__1 _c9\"> </span>                   -   <span class=\"__1 _c9\"> </span>                   - </span>   Cobertur<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> de di<span class=\"__1 _6\"></span>vi<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>a<span class=\"__1 _191\"> </span><span class=\"ls91\">                   -   <span class=\"__1 _c9\"> </span>                   -   <span class=\"__1 _70\"></span>            1<span class=\"__1 _6\"></span>.057<span class=\"__1 _6\"></span> <span class=\"__1 _2a\"> </span>                   -   <span class=\"__1 _c9\"> </span>                   -   <span class=\"__1 _c9\"> </span>                   -   <span class=\"__1 _c9\"> </span>                   -   <span class=\"__1 _6\"></span>               3<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span></span>Tota<span class=\"__1 _5\"></span>l<span class=\"__1 _8c\"> </span><span class=\"ls91\">            1.310<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>            3<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>33<span class=\"__1 _6\"></span>1 <span class=\"__1 _cb\"> </span>            2<span class=\"__1 _6\"></span>.775<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>            2.57<span class=\"__1 _6\"></span>9 <span class=\"__1 _cd\"> </span>            3.441<span class=\"__1 _6\"></span> <span class=\"__1 _2a\"> </span>                   -   <span class=\"__1 _7c\"> </span><span class=\"ls92\">593<span class=\"__1 _16\"> </span>358<span class=\"__1 _1bc\"> </span></span></span>A<span class=\"__1 _5\"></span>cti<span class=\"__1 _8\"></span>vo no c<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ent<span class=\"__1 _70\"></span>e<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _5\"></span>cti<span class=\"__1 _8\"></span>vo c<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>ente<span class=\"__1 _1bc\"> </span>Pa<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>vo no c<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>rr<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ent<span class=\"__1 _5\"></span>e<span class=\"__1 _1bc\"> </span>Pa<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>vo c<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>te<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> Euro<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> - I<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>gres<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>/(Ga<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>to)<span class=\"__1 _8e\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3<span class=\"__1 _aa\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>I<span class=\"__1 _6\"></span>mpa<span class=\"__1 _6\"></span>c<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>o en res<span class=\"__1 _6\"></span>ul<span class=\"__1 _4\"></span>t<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span>dos<span class=\"__1 _8\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> e<span class=\"__1 _5\"></span>xp<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>ota<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3<span class=\"__1 _6\"></span>n-   Cob<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>t<span class=\"__1 _5\"></span>ur<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span> de di<span class=\"__1 _8\"></span>vi<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>a<span class=\"__1 _176\"> </span><span class=\"ls93\">              (37<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>        (2<span class=\"__1 _6\"></span>0.4<span class=\"__1 _6\"></span>25<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>Cobertur<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>pr<span class=\"__1 _6\"></span>eci<span class=\"__1 _8\"></span>o d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> l<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span> c<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>a<span class=\"__1 _6b\"> </span><span class=\"ls93\">                     - <span class=\"__1 _cd\"> </span>                  73</span>   Cob<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>t<span class=\"__1 _5\"></span>ur<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span> pr<span class=\"__1 _6\"></span>eci<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span> ve<span class=\"__1 _5\"></span>nta<span class=\"__1 _6\"></span> ene<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>g\u00eda<span class=\"__1 _8\"></span> e<span class=\"__1 _70\"></span>l<span class=\"__1 _4\"></span>\u00e9<span class=\"__1 _70\"></span>c<span class=\"__1 _6\"></span>tri<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _14d\"> </span><span class=\"ls93\">                     - <span class=\"__1 _cf\"> </span>                    9<span class=\"__1 _1bc\"> </span></span>Subtota<span class=\"__1 _6\"></span>l<span class=\"__1 _128\"> </span><span class=\"ls93\">              (3<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>        (2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.343<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>I<span class=\"__1 _6\"></span>mpa<span class=\"__1 _6\"></span>c<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>o en res<span class=\"__1 _6\"></span>ul<span class=\"__1 _4\"></span>t<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span>dos<span class=\"__1 _8\"></span> fi<span class=\"__1 _4\"></span>na<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _4\"></span>e<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span>-   I<span class=\"__1 _8\"></span>RSw<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span> (Not<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span> 1<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>)<span class=\"__1 _13b\"> </span><span class=\"ls93\">            3<span class=\"__1 _6\"></span>.24<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span>          (1.46<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>T<span class=\"__1 _5\"></span>ot<span class=\"__1 _6\"></span>a<span class=\"__1 _5\"></span>l<span class=\"__1 _121\"> </span><span class=\"ls93\">            2<span class=\"__1 _6\"></span>.<span class=\"__1 _70\"></span>8<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>          (2<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.<span class=\"__1 _70\"></span>8<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span></span>St<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>ke<span class=\"__1 _103\"> </span>Stri<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>ke<span class=\"__1 _f9\"> </span>Noci<span class=\"__1 _4\"></span>ona<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span>Subya<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>ent<span class=\"__1 _70\"></span>e<span class=\"__1 _192\"> </span>Ca<span class=\"__1 _6\"></span>l<span class=\"__1 _4\"></span>l<span class=\"__1 _74\"> </span>P<span class=\"__1 _6\"></span>ut<span class=\"__1 _25\"> </span>(Mn.<span class=\"__1 _5\"></span> USD)<span class=\"__1 _1bc\"> </span>E<span class=\"__1 _5\"></span>UR<span class=\"__1 _5\"></span>/USD<span class=\"__1 _42\"> </span>1,06<span class=\"__1 _6\"></span>3<span class=\"__1 _8b\"> </span>1<span class=\"__1 _6\"></span>,1<span class=\"__1 _6\"></span>10<span class=\"__1 _1f\"> </span>2<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>,5<span class=\"__1 _1bc\"> </span>E<span class=\"__1 _5\"></span>UR<span class=\"__1 _5\"></span>/USD<span class=\"__1 _42\"> </span>1,06<span class=\"__1 _6\"></span>4<span class=\"__1 _8b\"> </span>1<span class=\"__1 _6\"></span>,1<span class=\"__1 _6\"></span>08<span class=\"__1 _1f\"> </span>2<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>,5<span class=\"__1 _1bc\"> </span>E<span class=\"__1 _5\"></span>UR<span class=\"__1 _5\"></span>/USD<span class=\"__1 _42\"> </span>1,06<span class=\"__1 _6\"></span>7<span class=\"__1 _8b\"> </span>1<span class=\"__1 _6\"></span>,0<span class=\"__1 _6\"></span>99<span class=\"__1 _1f\"> </span>1<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>,5<span class=\"__1 _1bc\"> </span>E<span class=\"__1 _5\"></span>UR<span class=\"__1 _5\"></span>/USD<span class=\"__1 _42\"> </span>1,08<span class=\"__1 _6\"></span>5<span class=\"__1 _8b\"> </span>1<span class=\"__1 _6\"></span>,1<span class=\"__1 _6\"></span>10<span class=\"__1 _d7\"> </span>9,0<span class=\"__1 _1bc\"> </span>83<span class=\"__1 _6\"></span>,5<span class=\"__1 _1bc\"> </span>4\u00ba T<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>me<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> 2<span class=\"__1 _6\"></span>02<span class=\"__1 _6\"></span>4<span class=\"__1 _1bc\"> </span>3\u00ba T<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>me<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> 2<span class=\"__1 _6\"></span>02<span class=\"__1 _6\"></span>4<span class=\"__1 _1bc\"> </span>2\u00ba T<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>me<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> 2<span class=\"__1 _6\"></span>02<span class=\"__1 _6\"></span>4<span class=\"__1 _1bc\"> </span>1\u00ba T<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>me<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> 2<span class=\"__1 _6\"></span>02<span class=\"__1 _6\"></span>4<span class=\"__1 _1bc\"> </span>V<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>mi<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>t<span class=\"__1 _5\"></span>o<span class=\"__1 _1bc\"> </span>Los <span class=\"__1 _6\"></span>contratos<span class=\"__1 _6\"></span> vigentes <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>31 <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>dicie<span class=\"__1 _6\"></span>mbre de <span class=\"__1 _8\"></span>2023 <span class=\"__1 _6\"></span>cubren <span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>proximadamente <span class=\"__1 _6\"></span>un <span class=\"__1 _6\"></span>17,47<span class=\"__1 _6\"></span>% <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>un <span class=\"__1 _6\"></span>8,15% <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>las<span class=\"__1 _1bc\"> </span>ventas de <span class=\"__1 _70\"></span>celulosa previstas <span class=\"__1 _5\"></span>en <span class=\"__1 _5\"></span>el <span class=\"__1 _70\"></span>prim<span class=\"__1 _6\"></span>er y <span class=\"__1 _70\"></span>segundo semestre <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>2<span class=\"__1 _6\"></span>024, <span class=\"__1 _5\"></span>respectivamente.<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>Al <span class=\"__1 _5\"></span>31 de <span class=\"__1 _70\"></span>di<span class=\"__1 _6\"></span>ciembre<span class=\"__1 _1bc\"> </span>de 2022, <span class=\"__1 _6\"></span>los con<span class=\"__1 _6\"></span>tratos <span class=\"__1 _6\"></span>vigentes cubr\u00edan <span class=\"__1 _6\"></span>aproximadamente <span class=\"__1 _6\"></span>un<span class=\"__1 _6\"></span> 10,11% y<span class=\"__1 _6\"></span> un <span class=\"__1 _6\"></span>8,13% de <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>ventas de <span class=\"__1 _6\"></span>celulosa<span class=\"__1 _1bc\"> </span>previstas en el p<span class=\"__1 _6\"></span>rimer y segundo semestre de 202<span class=\"__1 _6\"></span>3, respectiv<span class=\"__1 _6\"></span>amente.<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _8\"></span>valor <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span><span class=\"ff6\">mercado <span class=\"__1 _8\"></span>positiv<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>dichos <span class=\"__1 _8\"></span>instrumentos<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>31 <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>diciembre <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>2023 <span class=\"__1 _8\"></span>asciende <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>1.057 <span class=\"__1 _6\"></span>miles <span class=\"__1 _8\"></span>\u20ac<span class=\"__1 _1bc\"> </span></span>(negativo en 358 miles \u20ac a <span class=\"__1 _6\"></span>31 de diciembre d<span class=\"__1 _6\"></span>e 2022).<span class=\"__1 _1bc\"> </span>Por <span class=\"__1 _c9\"> </span>su<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>parte, <span class=\"__1 _cd\"> </span>la <span class=\"__1 _c9\"> </span>sensibilid<span class=\"__1 _6\"></span>ad <span class=\"__1 _c9\"> </span>del <span class=\"__1 _c9\"> </span>resu<span class=\"__1 _6\"></span>ltado <span class=\"__1 _c9\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c9\"> </span>explotaci\u00f3n <span class=\"__1 _cd\"> </span>y <span class=\"__1 _c9\"> </span>del <span class=\"__1 _cd\"> </span>patrimonio <span class=\"__1 _c9\"> </span>a <span class=\"__1 _cd\"> </span>las <span class=\"__1 _c9\"> </span>apreciaciones <span class=\"__1 _cd\"> </span>o<span class=\"__1 _1bc\"> </span>depreciaciones <span class=\"__1 _c8\"></span>del <span class=\"__1 _c8\"> </span>d\u00f3lar <span class=\"__1 _c8\"> </span>fren<span class=\"__1 _6\"></span>te <span class=\"__1 _4\"></span>al <span class=\"__1 _c8\"> </span>euro, <span class=\"__1 _c6\"> </span>como <span class=\"__1 _c8\"></span>consecuencia <span class=\"__1 _c8\"> </span>del <span class=\"__1 _c8\"> </span>efecto <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c8\"> </span>los <span class=\"__1 _c8\"> </span>instrum<span class=\"__1 _6\"></span>entos <span class=\"__1 _c8\"> </span>financieros<span class=\"__1 _1bc\"> </span>derivados con<span class=\"__1 _6\"></span>tratados por ENCE a 31 de diciembr<span class=\"__1 _6\"></span>e de 2023, se detalla <span class=\"__1 _6\"></span>a continuaci\u00f3n<span class=\"__1 _6\"></span>: 30.2<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Interest Rate Swap-<span class=\"__1 _1bc\"> </span></span></span>Los derivado<span class=\"__1 _6\"></span>s sobre tipos d<span class=\"__1 _6\"></span>e inter\u00e9s contratados p<span class=\"__1 _6\"></span>or el Gru<span class=\"__1 _6\"></span>po y vigentes a<span class=\"__1 _6\"></span>l 31 de diciembre de 202<span class=\"__1 _6\"></span>3 y 2022<span class=\"__1 _1bc\"> </span>son los siguientes:<span class=\"__1 _1bc\"> </span>Durante <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>ejerc<span class=\"__1 _6\"></span>icio <span class=\"__1 _6\"></span>2023 <span class=\"__1 _6\"></span>no <span class=\"__1 _8\"></span>se <span class=\"__1 _6\"></span>han <span class=\"__1 _8\"></span>producido <span class=\"__1 _8\"></span>ineficacias <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>derivados <span class=\"__1 _8\"></span>sobre <span class=\"__1 _6\"></span>tipos <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>inter\u00e9s. <span class=\"__1 _6\"></span>Durante<span class=\"__1 _1bc\"> </span>el ejercicio <span class=\"__1 _6\"></span>2022 s<span class=\"__1 _6\"></span>e produjero<span class=\"__1 _6\"></span>n <span class=\"__1 _6\"></span>ineficacias que <span class=\"__1 _6\"></span>supus<span class=\"__1 _6\"></span>ieron el <span class=\"__1 _6\"></span>reconocimiento <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>un ingres<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>por importe <span class=\"__1 _6\"></span>de<span class=\"__1 _1bc\"> </span>301 <span class=\"__1 _8\"></span>mi<span class=\"__1 _6\"></span>les <span class=\"__1 _4\"></span>\u20ac <span class=\"__1 _8\"></span>que <span class=\"__1 _4\"></span>se <span class=\"__1 _8\"></span>encu<span class=\"__1 _6\"></span>entra <span class=\"__1 _4\"></span>registrado <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>ep\u00edgrafe <span class=\"__1 _4\"></span>\u201cvariaci\u00f3n <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>l <span class=\"__1 _4\"></span>valor <span class=\"__1 _8\"></span>razon<span class=\"__1 _6\"></span>able <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>instrumentos<span class=\"__1 _1bc\"> </span>financieros\u201d del estad<span class=\"__1 _6\"></span>o de resultado con<span class=\"__1 _6\"></span>solidado al 31 de diciembr<span class=\"__1 _6\"></span>e de 2022.<span class=\"__1 _1bc\"> </span>La <span class=\"__1 _6\"></span>sens<span class=\"__1 _6\"></span>ibilidad <span class=\"__1 _6\"></span>del <span class=\"__1 _8\"></span>resultado <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>patrimonio <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>las <span class=\"__1 _6\"></span>variacion<span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>tip<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>inter\u00e9s<span class=\"__1 _6\"></span>, <span class=\"__1 _6\"></span>como <span class=\"__1 _8\"></span>consecuencia <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>el<span class=\"__1 _1bc\"> </span>efecto <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>los <span class=\"__1 _8\"></span>instrumentos <span class=\"__1 _4\"></span>financieros <span class=\"__1 _8\"></span>contrata<span class=\"__1 _6\"></span>dos <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>or <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>Grupo <span class=\"__1 _4\"></span>a <span class=\"__1 _8\"></span>31 <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>diciembre <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>2023, <span class=\"__1 _4\"></span>se <span class=\"__1 _8\"></span>detalla <span class=\"__1 _4\"></span>a<span class=\"__1 _1bc\"> </span>continuaci\u00f3n:<span class=\"__1 _1bc\"> </span>Mile<span class=\"__1 _6\"></span>s \u20ac<span class=\"__1 _1bc\"> </span>Var<span class=\"__1 _70\"></span>i<span class=\"__1 _6\"></span>ac<span class=\"__1 _70\"></span>i<span class=\"__1 _6\"></span>\u00f3n<span class=\"__1 _1bc\"> </span>T<span class=\"__1 _5\"></span>ipo Ca<span class=\"__1 _70\"></span>mbio US$<span class=\"__1 _70\"></span>/<span class=\"__1 _5\"></span>\u20ac<span class=\"__1 _1bc\"> </span>R<span class=\"__1 _5\"></span>esul<span class=\"__1 _6\"></span>ta<span class=\"__1 _70\"></span>do de<span class=\"__1 _1bc\"> </span>ex<span class=\"__1 _6\"></span>plota<span class=\"__1 _70\"></span>ci\u00f3n (-)<span class=\"__1 _6\"></span>/<span class=\"__1 _5\"></span>+<span class=\"__1 _1bc\"> </span>Efecto<span class=\"__1 _5\"></span> en <span class=\"__1 _5\"></span>pa<span class=\"__1 _5\"></span>tr<span class=\"__1 _70\"></span>i<span class=\"__1 _6\"></span>monio<span class=\"__1 _1bc\"> </span>neto<span class=\"__1 _1bc\"> </span>(-<span class=\"__1 _6\"></span>)/+<span class=\"__1 _1bc\"> </span>2023<span class=\"__1 _7e\"> </span><span class=\"ls0_1\">De<span class=\"__1 _6\"></span>preciaci\u00f3n 5<span class=\"__1 _70\"></span>%<span class=\"__1 _6b\"> </span>2.8<span class=\"__1 _70\"></span>6<span class=\"__1 _5\"></span>5<span class=\"__1 _11c\"> </span>2.1<span class=\"__1 _70\"></span>4<span class=\"__1 _5\"></span>8<span class=\"__1 _1bc\"> </span></span>Apre<span class=\"__1 _6\"></span>ciac<span class=\"__1 _5\"></span>i<span class=\"__1 _6\"></span>\u00f3n 5<span class=\"__1 _70\"></span>%<span class=\"__1 _e5\"> </span>(<span class=\"__1 _6\"></span>2<span class=\"__1 _5\"></span>.66<span class=\"__1 _70\"></span>9<span class=\"__1 _70\"></span>)<span class=\"__1 _ef\"> </span>(2.0<span class=\"__1 _70\"></span>02<span class=\"__1 _70\"></span>)<span class=\"__1 _1bc\"> </span>2022<span class=\"__1 _7e\"> </span><span class=\"ls0_1\">De<span class=\"__1 _6\"></span>preciaci\u00f3n 5<span class=\"__1 _70\"></span>%<span class=\"__1 _6b\"> </span>2.0<span class=\"__1 _70\"></span>8<span class=\"__1 _5\"></span>7<span class=\"__1 _11c\"> </span>1.5<span class=\"__1 _70\"></span>6<span class=\"__1 _5\"></span>5<span class=\"__1 _1bc\"> </span></span>Apre<span class=\"__1 _6\"></span>ciac<span class=\"__1 _5\"></span>i<span class=\"__1 _6\"></span>\u00f3n 5<span class=\"__1 _70\"></span>%<span class=\"__1 _e5\"> </span>(<span class=\"__1 _6\"></span>2<span class=\"__1 _5\"></span>.48<span class=\"__1 _70\"></span>8<span class=\"__1 _70\"></span>)<span class=\"__1 _ef\"> </span>(1.8<span class=\"__1 _70\"></span>66<span class=\"__1 _70\"></span>)<span class=\"__1 _1bc\"> </span>Val<span class=\"__1 _8\"></span>or Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de E<span class=\"__1 _5\"></span>ur<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>Ra<span class=\"__1 _6\"></span>zona<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _12f\"> </span><span class=\"ls95\">2023<span class=\"__1 _4d\"> </span>2024<span class=\"__1 _a2\"> </span>2025<span class=\"__1 _a2\"> </span>2026<span class=\"__1 _25\"> </span>2027<span class=\"__1 _1bc\"> </span></span>2023<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o c<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span>a             (4.03<span class=\"__1 _6\"></span>4)<span class=\"__1 _c5\"> </span>                  -   <span class=\"__1 _124\"> </span><span class=\"ls0_1\">1<span class=\"__1 _6\"></span>54<span class=\"__1 _6\"></span>.32<span class=\"__1 _6\"></span>5<span class=\"__1 _20\"> </span>13<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.53<span class=\"__1 _6\"></span>9<span class=\"__1 _f9\"> </span>91.8<span class=\"__1 _6\"></span>09<span class=\"__1 _f9\"> </span>46<span class=\"__1 _6\"></span>.81<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span></span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>nova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span> (<span class=\"__1 _6\"></span>*<span class=\"__1 _5\"></span>)<span class=\"__1 _1bc\"> </span>3.00<span class=\"__1 _6\"></span>1<span class=\"__1 _158\"> </span><span class=\"ls96\">                  -   <span class=\"__1 _8d\"> </span></span>3<span class=\"__1 _6\"></span>.18<span class=\"__1 _6\"></span>8<span class=\"__1 _15d\"> </span><span class=\"ls96\">                -   <span class=\"__1 _51\"> </span>                -   <span class=\"__1 _51\"> </span>                -  </span>2022<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _70\"></span>goc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>nova<span class=\"__1 _8\"></span>bl<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span> (<span class=\"__1 _6\"></span>*<span class=\"__1 _5\"></span>)<span class=\"__1 _1bc\"> </span>5.80<span class=\"__1 _6\"></span>3<span class=\"__1 _f9\"> </span>11<span class=\"__1 _6\"></span>1.3<span class=\"__1 _6\"></span>71<span class=\"__1 _fb\"> </span>3.18<span class=\"__1 _6\"></span>8<span class=\"__1 _15d\"> </span><span class=\"ls96\">                -   <span class=\"__1 _51\"> </span>                -   <span class=\"__1 _5c\"> </span>                -  </span>(*<span class=\"__1 _5\"></span>) Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>do<span class=\"__1 _6\"></span> deudor.<span class=\"__1 _1bc\"> </span>Noci<span class=\"__1 _8\"></span>ona<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span> a<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span> c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>e de<span class=\"__1 _5\"></span>l<span class=\"__1 _8\"></span>:<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _5\"></span>les \u20ac<span class=\"__1 _1bc\"> </span>Variaci<span class=\"__1 _70\"></span>\u00f3n<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> Tipo Inter\u00e9s<span class=\"__1 _1bc\"> </span>Efecto en coste<span class=\"__1 _1bc\"> </span> financi<span class=\"__1 _70\"></span>er<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span> (-)/+<span class=\"__1 _1bc\"> </span>Efecto en pat<span class=\"__1 _6\"></span>rimonio<span class=\"__1 _1bc\"> </span> neto<span class=\"__1 _1bc\"> </span>(-)/+<span class=\"__1 _1bc\"> </span>2023<span class=\"__1 _18\"> </span><span class=\"ls0_1\">Au<span class=\"__1 _6\"></span>m<span class=\"__1 _6\"></span>ento 50 pb<span class=\"__1 _8c\"> </span>(518)<span class=\"__1 _193\"> </span>(1.952)<span class=\"__1 _1bc\"> </span></span>Dis<span class=\"__1 _6\"></span>minu<span class=\"__1 _6\"></span>ci\u00f3n 50 pb<span class=\"__1 _11c\"> </span><span class=\"ls97\">518<span class=\"__1 _22\"> </span></span>1.972<span class=\"__1 _1bc\"> </span>2022<span class=\"__1 _18\"> </span><span class=\"ls0_1\">Au<span class=\"__1 _6\"></span>m<span class=\"__1 _6\"></span>ento 50 pb<span class=\"__1 _8c\"> </span>(308)<span class=\"__1 _149\"> </span>(<span class=\"__1 _6\"></span>900)<span class=\"__1 _1bc\"> </span></span>Dis<span class=\"__1 _6\"></span>minu<span class=\"__1 _6\"></span>ci\u00f3n 50 pb<span class=\"__1 _11c\"> </span><span class=\"ls97\">308<span class=\"__1 _191\"> </span>913</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDerivativeFinancialInstrumentsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-534": {
   "value": "30.1<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Coberturas de divisa<span class=\"__1 _1bc\"> </span></span></span>ENCE <span class=\"__1 _4\"></span>cubre <span class=\"__1 _8\"></span>las <span class=\"__1 _4\"></span>fluctuaciones <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>tipo <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>cambio <span class=\"__1 _4\"></span>d\u00f3lar/euro, <span class=\"__1 _4\"></span>que <span class=\"__1 _8\"></span>afectan <span class=\"__1 _4\"></span>significativam<span class=\"__1 _6\"></span>ente <span class=\"__1 _4\"></span>al <span class=\"__1 _8\"></span>precio <span class=\"__1 _4\"></span>de<span class=\"__1 _1bc\"> </span>venta <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>celulosa, con<span class=\"__1 _5\"></span> <span class=\"__1 _70\"></span>t\u00faneles <span class=\"__1 _70\"></span>en la <span class=\"__1 _70\"></span>modalidad <span class=\"__1 _70\"></span>asi\u00e1tica. Su <span class=\"__1 _70\"></span>detalle <span class=\"__1 _70\"></span>al <span class=\"__1 _70\"></span>31 <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>diciembre <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>2023 <span class=\"__1 _70\"></span>es e<span class=\"__1 _5\"></span>l <span class=\"__1 _70\"></span>siguient<span class=\"__1 _6\"></span>e:<span class=\"__1 _1bc\"> </span>St<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>ke<span class=\"__1 _103\"> </span>Stri<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>ke<span class=\"__1 _f9\"> </span>Noci<span class=\"__1 _4\"></span>ona<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span>Subya<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>ent<span class=\"__1 _70\"></span>e<span class=\"__1 _192\"> </span>Ca<span class=\"__1 _6\"></span>l<span class=\"__1 _4\"></span>l<span class=\"__1 _74\"> </span>P<span class=\"__1 _6\"></span>ut<span class=\"__1 _25\"> </span>(Mn.<span class=\"__1 _5\"></span> USD)<span class=\"__1 _1bc\"> </span>E<span class=\"__1 _5\"></span>UR<span class=\"__1 _5\"></span>/USD<span class=\"__1 _42\"> </span>1,06<span class=\"__1 _6\"></span>3<span class=\"__1 _8b\"> </span>1<span class=\"__1 _6\"></span>,1<span class=\"__1 _6\"></span>10<span class=\"__1 _1f\"> </span>2<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>,5<span class=\"__1 _1bc\"> </span>E<span class=\"__1 _5\"></span>UR<span class=\"__1 _5\"></span>/USD<span class=\"__1 _42\"> </span>1,06<span class=\"__1 _6\"></span>4<span class=\"__1 _8b\"> </span>1<span class=\"__1 _6\"></span>,1<span class=\"__1 _6\"></span>08<span class=\"__1 _1f\"> </span>2<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>,5<span class=\"__1 _1bc\"> </span>E<span class=\"__1 _5\"></span>UR<span class=\"__1 _5\"></span>/USD<span class=\"__1 _42\"> </span>1,06<span class=\"__1 _6\"></span>7<span class=\"__1 _8b\"> </span>1<span class=\"__1 _6\"></span>,0<span class=\"__1 _6\"></span>99<span class=\"__1 _1f\"> </span>1<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>,5<span class=\"__1 _1bc\"> </span>E<span class=\"__1 _5\"></span>UR<span class=\"__1 _5\"></span>/USD<span class=\"__1 _42\"> </span>1,08<span class=\"__1 _6\"></span>5<span class=\"__1 _8b\"> </span>1<span class=\"__1 _6\"></span>,1<span class=\"__1 _6\"></span>10<span class=\"__1 _d7\"> </span>9,0<span class=\"__1 _1bc\"> </span>83<span class=\"__1 _6\"></span>,5<span class=\"__1 _1bc\"> </span>4\u00ba T<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>me<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> 2<span class=\"__1 _6\"></span>02<span class=\"__1 _6\"></span>4<span class=\"__1 _1bc\"> </span>3\u00ba T<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>me<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> 2<span class=\"__1 _6\"></span>02<span class=\"__1 _6\"></span>4<span class=\"__1 _1bc\"> </span>2\u00ba T<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>me<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> 2<span class=\"__1 _6\"></span>02<span class=\"__1 _6\"></span>4<span class=\"__1 _1bc\"> </span>1\u00ba T<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>me<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> 2<span class=\"__1 _6\"></span>02<span class=\"__1 _6\"></span>4<span class=\"__1 _1bc\"> </span>V<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>nc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>mi<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>t<span class=\"__1 _5\"></span>o<span class=\"__1 _1bc\"> </span>Los <span class=\"__1 _6\"></span>contratos<span class=\"__1 _6\"></span> vigentes <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>31 <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>dicie<span class=\"__1 _6\"></span>mbre de <span class=\"__1 _8\"></span>2023 <span class=\"__1 _6\"></span>cubren <span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>proximadamente <span class=\"__1 _6\"></span>un <span class=\"__1 _6\"></span>17,47<span class=\"__1 _6\"></span>% <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>un <span class=\"__1 _6\"></span>8,15% <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>las<span class=\"__1 _1bc\"> </span>ventas de <span class=\"__1 _70\"></span>celulosa previstas <span class=\"__1 _5\"></span>en <span class=\"__1 _5\"></span>el <span class=\"__1 _70\"></span>prim<span class=\"__1 _6\"></span>er y <span class=\"__1 _70\"></span>segundo semestre <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>2<span class=\"__1 _6\"></span>024, <span class=\"__1 _5\"></span>respectivamente.<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>Al <span class=\"__1 _5\"></span>31 de <span class=\"__1 _70\"></span>di<span class=\"__1 _6\"></span>ciembre<span class=\"__1 _1bc\"> </span>de 2022, <span class=\"__1 _6\"></span>los con<span class=\"__1 _6\"></span>tratos <span class=\"__1 _6\"></span>vigentes cubr\u00edan <span class=\"__1 _6\"></span>aproximadamente <span class=\"__1 _6\"></span>un<span class=\"__1 _6\"></span> 10,11% y<span class=\"__1 _6\"></span> un <span class=\"__1 _6\"></span>8,13% de <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>ventas de <span class=\"__1 _6\"></span>celulosa<span class=\"__1 _1bc\"> </span>previstas en el p<span class=\"__1 _6\"></span>rimer y segundo semestre de 202<span class=\"__1 _6\"></span>3, respectiv<span class=\"__1 _6\"></span>amente.<span class=\"__1 _1bc\"> </span>El <span class=\"__1 _8\"></span>valor <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span><span class=\"ff6\">mercado <span class=\"__1 _8\"></span>positiv<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>dichos <span class=\"__1 _8\"></span>instrumentos<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>31 <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>diciembre <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>2023 <span class=\"__1 _8\"></span>asciende <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>1.057 <span class=\"__1 _6\"></span>miles <span class=\"__1 _8\"></span>\u20ac<span class=\"__1 _1bc\"> </span></span>(negativo en 358 miles \u20ac a <span class=\"__1 _6\"></span>31 de diciembre d<span class=\"__1 _6\"></span>e 2022).<span class=\"__1 _1bc\"> </span>Por <span class=\"__1 _c9\"> </span>su<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>parte, <span class=\"__1 _cd\"> </span>la <span class=\"__1 _c9\"> </span>sensibilid<span class=\"__1 _6\"></span>ad <span class=\"__1 _c9\"> </span>del <span class=\"__1 _c9\"> </span>resu<span class=\"__1 _6\"></span>ltado <span class=\"__1 _c9\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _c9\"> </span>explotaci\u00f3n <span class=\"__1 _cd\"> </span>y <span class=\"__1 _c9\"> </span>del <span class=\"__1 _cd\"> </span>patrimonio <span class=\"__1 _c9\"> </span>a <span class=\"__1 _cd\"> </span>las <span class=\"__1 _c9\"> </span>apreciaciones <span class=\"__1 _cd\"> </span>o<span class=\"__1 _1bc\"> </span>depreciaciones <span class=\"__1 _c8\"></span>del <span class=\"__1 _c8\"> </span>d\u00f3lar <span class=\"__1 _c8\"> </span>fren<span class=\"__1 _6\"></span>te <span class=\"__1 _4\"></span>al <span class=\"__1 _c8\"> </span>euro, <span class=\"__1 _c6\"> </span>como <span class=\"__1 _c8\"></span>consecuencia <span class=\"__1 _c8\"> </span>del <span class=\"__1 _c8\"> </span>efecto <span class=\"__1 _c8\"> </span>en <span class=\"__1 _c8\"> </span>los <span class=\"__1 _c8\"> </span>instrum<span class=\"__1 _6\"></span>entos <span class=\"__1 _c8\"> </span>financieros<span class=\"__1 _1bc\"> </span>derivados con<span class=\"__1 _6\"></span>tratados por ENCE a 31 de diciembr<span class=\"__1 _6\"></span>e de 2023, se detalla <span class=\"__1 _6\"></span>a continuaci\u00f3n<span class=\"__1 _6\"></span>: Mile<span class=\"__1 _6\"></span>s \u20ac<span class=\"__1 _1bc\"> </span>Var<span class=\"__1 _70\"></span>i<span class=\"__1 _6\"></span>ac<span class=\"__1 _70\"></span>i<span class=\"__1 _6\"></span>\u00f3n<span class=\"__1 _1bc\"> </span>T<span class=\"__1 _5\"></span>ipo Ca<span class=\"__1 _70\"></span>mbio US$<span class=\"__1 _70\"></span>/<span class=\"__1 _5\"></span>\u20ac<span class=\"__1 _1bc\"> </span>R<span class=\"__1 _5\"></span>esul<span class=\"__1 _6\"></span>ta<span class=\"__1 _70\"></span>do de<span class=\"__1 _1bc\"> </span>ex<span class=\"__1 _6\"></span>plota<span class=\"__1 _70\"></span>ci\u00f3n (-)<span class=\"__1 _6\"></span>/<span class=\"__1 _5\"></span>+<span class=\"__1 _1bc\"> </span>Efecto<span class=\"__1 _5\"></span> en <span class=\"__1 _5\"></span>pa<span class=\"__1 _5\"></span>tr<span class=\"__1 _70\"></span>i<span class=\"__1 _6\"></span>monio<span class=\"__1 _1bc\"> </span>neto<span class=\"__1 _1bc\"> </span>(-<span class=\"__1 _6\"></span>)/+<span class=\"__1 _1bc\"> </span>2023<span class=\"__1 _7e\"> </span><span class=\"ls0_1\">De<span class=\"__1 _6\"></span>preciaci\u00f3n 5<span class=\"__1 _70\"></span>%<span class=\"__1 _6b\"> </span>2.8<span class=\"__1 _70\"></span>6<span class=\"__1 _5\"></span>5<span class=\"__1 _11c\"> </span>2.1<span class=\"__1 _70\"></span>4<span class=\"__1 _5\"></span>8<span class=\"__1 _1bc\"> </span></span>Apre<span class=\"__1 _6\"></span>ciac<span class=\"__1 _5\"></span>i<span class=\"__1 _6\"></span>\u00f3n 5<span class=\"__1 _70\"></span>%<span class=\"__1 _e5\"> </span>(<span class=\"__1 _6\"></span>2<span class=\"__1 _5\"></span>.66<span class=\"__1 _70\"></span>9<span class=\"__1 _70\"></span>)<span class=\"__1 _ef\"> </span>(2.0<span class=\"__1 _70\"></span>02<span class=\"__1 _70\"></span>)<span class=\"__1 _1bc\"> </span>2022<span class=\"__1 _7e\"> </span><span class=\"ls0_1\">De<span class=\"__1 _6\"></span>preciaci\u00f3n 5<span class=\"__1 _70\"></span>%<span class=\"__1 _6b\"> </span>2.0<span class=\"__1 _70\"></span>8<span class=\"__1 _5\"></span>7<span class=\"__1 _11c\"> </span>1.5<span class=\"__1 _70\"></span>6<span class=\"__1 _5\"></span>5<span class=\"__1 _1bc\"> </span></span>Apre<span class=\"__1 _6\"></span>ciac<span class=\"__1 _5\"></span>i<span class=\"__1 _6\"></span>\u00f3n 5<span class=\"__1 _70\"></span>%<span class=\"__1 _e5\"> </span>(<span class=\"__1 _6\"></span>2<span class=\"__1 _5\"></span>.48<span class=\"__1 _70\"></span>8<span class=\"__1 _70\"></span>)<span class=\"__1 _ef\"> </span>(1.8<span class=\"__1 _70\"></span>66<span class=\"__1 _70\"></span>)<span class=\"__1 _1bc\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-43": {
   "value": "31. Provisiones, garant\u00edas y pasivos contingentes 31.3  Activos y pasivos contingentes Al cierre del ejercicio 2023, el Grupo mantiene reclamaciones y controversias legales como consecuencia natural de su negocio. Se resumen a continuaci\u00f3n las reclamaciones m\u00e1s significativas: Cultivos energ\u00e9ticos- En los ejercicios 2013 y 2014 se aprobaron un conjunto de disposiciones normativas: la Orden Ministerial IET/1045/2014, de 16 de junio, por la que se aprueban los par\u00e1metros retributivos de las instalaciones tipo aplicables a determinadas instalaciones de producci\u00f3n de energ\u00eda el\u00e9ctrica a partir de fuentes de energ\u00eda renovables, cogeneraci\u00f3n y residuos, dictada en desarrollo de lo previsto en el Real Decreto 413/2014, de 6 de Junio, por el que se regula la actividad de producci\u00f3n de energ\u00eda el\u00e9ctrica a partir de fuentes de energ\u00eda renovables, cogeneraci\u00f3n y residuos, ambas dictadas en desarrollo y aplicaci\u00f3n de la Ley 24/2013, de 26 de diciembre,  del  Sector  El\u00e9ctrico  y  del  Real  Decreto-ley  9/2013,  de  12  de  julio,  por  el  que  se  adoptaron medidas  urgentes  para  garantizar  la  estabilidad  financiera  del  sistema  el\u00e9ctrico,  que  modificaron  el esquema  retributivo  y  el  r\u00e9gimen  de  tributaci\u00f3n  aplicable a  las  instalaciones  de  generaci\u00f3n  de  energ\u00eda renovable, incluida  la generaci\u00f3n y cogeneraci\u00f3n con biomasa. Esta  nueva regulaci\u00f3n, que en t\u00e9rminos retributivos equiparaba los cultivos energ\u00e9ticos a los restos forestales y agr\u00edcolas, oblig\u00f3 a ENCE a iniciar un proceso  para  abandonar  ordenadamente  y  definitivamente  la  gesti\u00f3n  de  las  plantaciones  de  cultivos energ\u00e9ticos desarrolladas, incluyendo la resoluci\u00f3n de contratos de arrendamientos, con el consiguiente deterioro de las inversiones realizadas y la dotaci\u00f3n de las necesarias provisiones. Como consecuencia de ello, el 14 de julio de 2014, ENCE y determinadas sociedades del Grupo (en adelante \u201cENCE\u201d),  presentaron  ante  el  entonces  Ministerio  de  Industria,  Energ\u00eda  y  Turismo  una  reclamaci\u00f3n  de Responsabilidad  Patrimonial  de  la  Administraci\u00f3n  General  del  Estado  (en  adelante  \u201cRPA\u201d),  cuya cuantificaci\u00f3n final, seg\u00fan informes elaborados por un experto independiente, ascendi\u00f3 a la cuant\u00eda de 63.300 miles \u20ac. Con fecha 17 de febrero de 2021 ENCE present\u00f3 un escrito ante el Ministerio para la Transici\u00f3n Ecol\u00f3gica y el Reto Demogr\u00e1fico, hoy competente en materia de energ\u00eda, reiterando la solicitud a la Administraci\u00f3n para que dictase resoluci\u00f3n expresa en el expediente de RPA planteado, en base a la cual evaluar el posible ejercicio de acciones ulteriores.  Con fecha 15 de noviembre de 2021 Ence recibi\u00f3 un oficio de la Secretaria General T\u00e9cnica del Ministerio para la Transici\u00f3n Energ\u00e9tica y el Reto Demogr\u00e1fico a trav\u00e9s del cual se daba traslado de un informe de la Direcci\u00f3n  General  de  Pol\u00edtica  Energ\u00e9tica  y  Minas  (Informe  DGPEM)  en  el  que  se  conclu\u00eda  que  la indemnizaci\u00f3n reclamada no era procedente.  El 29/11/2023, ENCE present\u00f3 alegaciones controvirtiendo las consideraciones del Informe DGPEM y solicit\u00f3 acceso y vista al expediente sin que hasta la fecha la Administracion haya contestado. Adem\u00e1s,  ENCE  ha  reiterado  y  recordado,  en  diversas  ocasiones,  la  obligaci\u00f3n  que  pesa  sobre  la Administraci\u00f3n de resolver, en tiempo y forma, la solicitud de RPA formulada en el a\u00f1o 2014. Ante el silencio de la solicitud de RPA, con fecha 10 de febrero de 2023 ENCE interpuso recurso contencioso administrativo  y,  con  fecha  21  de  junio  de  2023,  present\u00f3  escrito  de  demanda  con  fundamento  en  el instituto de la RPA con en base a la inviabilidad total generada por el nuevo marco regulatorio, a partir de 2013-2014,  para  el  modelo  de  generaci\u00f3n  de  energ\u00eda  el\u00e9ctrica  mediante  la  utilizaci\u00f3n  de  los  cultivos energ\u00e9ticos,  inviabilidad  que  determin\u00f3  la  generaci\u00f3n  de  un  da\u00f1o  real,  efectivo  y  evaluable econ\u00f3micamente, vinculado directamente a la finalizaci\u00f3n por completo de todo el proceso productivo de ENCE con los cultivos energ\u00e9ticos.  Regulaci\u00f3n sector el\u00e9ctrico- Con fecha 20 de diciembre de 2022 las sociedades del Grupo que como parte de su actividad est\u00e1n afectadas por la regulaci\u00f3n del sector el\u00e9ctrico, han interpuesto recursos contencioso-administrativos, ante la Sala de lo Contencioso-Administrativo del Tribunal Supremo, frente a las siguientes \u00f3rdenes ministeriales: Orden TED/1232/2022 y Orden TED/1295/2022 (v\u00e9ase Anexo III). Todos los recursos contencioso-administrativo interpuestos han sido admitidos, si bien el Tribunal Supremo ha acordado que solo algunos de ellos, cuatro en total, de los interpuestos frente a la Orden TED/1232/2022 sean tramitados de manera preferente. Ya se ha formulado demanda en los cuatro recursos: Ence Energ\u00eda Huelva S.L.U. - Recurso 1030/2022 \u2013 IT-00841 Energ\u00edas de la Mancha Eneman, S.A. - Recurso 1050/2022 - IT-00855 Energ\u00eda de la Loma, S.A. - Recurso 1039/2022 - IT-00855. Ence Energ\u00eda Extremadura, S.L.U. - Recurso 1033/2022 - IT-00843. La impugnaci\u00f3n se fundamenta, por un  lado, en que la normativa aprobada  tiene car\u00e1cter retroactivo, prohibido por el ordenamiento jur\u00eddico, en el incumplimiento de los plazos establecidos en relaci\u00f3n con el r\u00e9gimen retributivo contenido en la Ley del Sector El\u00e9ctrico y en el Real Decreto 413/2014, adem\u00e1s de ser arbitraria y contraria a los principios de buena  regulaci\u00f3n. Por otro lado, se acredita la vulneraci\u00f3n del principio  de  suficiencia  retributiva.  Adicionalmente,  se  impugna  de  manera  indirecta  la  Orden IET/1345/2015 y se solicita al Tribunal Supremo que plantee una cuesti\u00f3n de inconstitucionalidad sobre el Real Decreto-ley 6/2022. Adem\u00e1s de argumentos de car\u00e1cter jur\u00eddico, la impugnaci\u00f3n se fundamenta en un an\u00e1lisis pericial que determina la existencia de un impacto econ\u00f3mico relevante, en la medida en que las \u00d3rdenes  impugnadas  fijan  una  retribuci\u00f3n  a  la  operaci\u00f3n  alejada  de  los  costes  reales,  vulnerando  su derecho a recibir un r\u00e9gimen retributivo en los t\u00e9rminos legal y reglamentariamente previstos. Concesi\u00f3n de dominio p\u00fablico \u2013 Biof\u00e1brica de ENCE en Pontevedra La resoluci\u00f3n de 20 de enero de 2016 por la que se otorg\u00f3 la pr\u00f3rroga de la concesi\u00f3n de dominio p\u00fablico sobre el que se asienta la planta de ENCE en Pontevedra fue impugnada primero en v\u00eda administrativa y posteriormente en v\u00eda contenciosa, por el Ayuntamiento de Pontevedra y dos Asociaciones: Greenpeace Espa\u00f1a y la Asociaci\u00f3n por la Defensa de la R\u00eda de Pontevedra (en adelante APDR). Dichas impugnaciones dieron lugar a tres procedimientos judiciales seguidos ante la Sala de lo Contencioso- Administrativo de la Audiencia Nacional que fueron resueltos por dicha Sala mediante sentencias 15 de Julio de 2021 y 21 de septiembre de 2021, estimando los recursos interpuestos por Greenpeace Espa\u00f1a, por el Ayuntamiento de Pontevedra y por la APDR, y anulando la Resoluci\u00f3n Ministerial de 20 de enero de 2016 de pr\u00f3rroga de la concesi\u00f3n, por entender que la misma no justifica la necesidad de que la  biof\u00e1brica de celulosa de ENCE en Pontevedra, por su naturaleza, deba tener su ubicaci\u00f3n en dominio p\u00fablico mar\u00edtimo terrestre ni se alegan razones de inter\u00e9s p\u00fablico para defender la ubicaci\u00f3n actual de la biof\u00e1brica. ENCE formul\u00f3 con fecha 28 de septiembre de 2021 y 29 de noviembre de 2021 recursos de casaci\u00f3n ante el Tribunal Supremo contra las sentencias dictadas por la Audiencia Nacional, los cuales fueron resueltos mediante sentencias favorables de 6 de marzo de 2023, en las que el Tribunal Supremo estima los  recursos de casaci\u00f3n interpuestos por la Sociedad contra las sentencias de la Audiencia Nacional de 15 de julio de 2021,  dictadas  en  los    procedimientos  iniciados,  respectivamente,  por  Greenpeace  Espa\u00f1a  y  el Ayuntamiento de Pontevedra. Ambas sentencias del Tribunal Supremo declaran nulas las citadas sentencias de la Audiencia Nacional y confirman la legalidad de la pr\u00f3rroga de la concesi\u00f3n y, por tanto, el plazo de duraci\u00f3n de 60 a\u00f1os de la misma, el cual se computa desde el d\u00eda de solicitud de la pr\u00f3rroga. Contra dichas sentencias del Tribunal Supremo no cabe recurso ordinario. La Abogac\u00eda del Estado y el Ayuntamiento de Pontevedra promovieron sendos incidentes de nulidad de actuaciones contra la sentencia del Tribunal Supremo dictada en el recurso de casaci\u00f3n que trae causa del procedimiento iniciado por el Ayuntamiento contra la pr\u00f3rroga. Igualmente, la Abogac\u00eda del Estado planteo incidente de nulidad contra la sentencia del Tribunal Supremo referida al caso iniciado por Greenpeace. Estos incidentes fueron resueltos por el Tribunal Supremo mediante autos de fecha 21 de junio de 2023 por los que desestim\u00f3 la nulidad de las sentencias, confirmando su validez. Greenpeace  Espa\u00f1a  inst\u00f3  fuera  de  plazo  incidente  de  nulidad  de  actuaciones  contra  la  sentencia  del Tribunal Supremo con fecha 28 de julio de 2023, el cual a\u00fan no ha sido resuelto. Est\u00e1 pendiente de recibir  sentencia  del Tribunal Supremo estimando, en id\u00e9nticos t\u00e9rminos, el recurso interpuesto por ENCE contra la sentencia de la Audiencia Nacional en el procedimiento interpuesto por la APDR, tambi\u00e9n relacionado con la pr\u00f3rroga de la concesi\u00f3n y que qued\u00f3 en suspenso por decisi\u00f3n del Tribunal Supremo hasta la tramitaci\u00f3n de los otros dos recursos ya resueltos favorablemente. Tanto el Ayuntamiento de Pontevedra como la Abogac\u00eda de Estado han presentado sendos recursos de amparo ante el Tribunal Constitucional sin que \u00e9ste se haya pronunciado a\u00fan sobre su admisi\u00f3n. Impactos recogidos en las cuentas anuales consolidadas de ENCE del ejercicio 2022 ENCE, considerando las sentencias del Tribunal Supremo que confirman la legalidad de la pr\u00f3rroga de la concesi\u00f3n  de  la  biof\u00e1brica  de  Pontevedra  hasta  2073,  revirti\u00f3  en  el  ejercicio  2022  las  provisiones  y deterioros registrados en el ejercicio 2021 tras considerar los potenciales impactos de la sentencia emitida por la Audiencia Nacional. El detalle de los impactos recogidos en el Estado de Resultado consolidado en 2022 fue el siguiente: Las  sentencias  del  Tribunal  Supremo, al  confirmar  la  legalidad  de la pr\u00f3rroga  de  la  concesi\u00f3n  sobre la biof\u00e1brica  de  Pontevedra  hasta  2073,  permitieron  reevaluar  su  valor  recuperable,  concluyendo  que  el mismo es recuperable \u00edntegramente, raz\u00f3n por la que se procedi\u00f3 a revertir el importe pendiente de la provisi\u00f3n dotada en ejercicios anteriores asociada al valor de los activos intangibles, por importe de 2.386 miles \u20ac, y los activos productivos vinculados a la biof\u00e1brica de Pontevedra, que incluyen los costes previstos por desmantelamiento y remediaci\u00f3n de la instalaci\u00f3n, as\u00ed como los activos por derechos de uso asociados a dicha UGE, por un importe conjunto de 181.548 miles \u20ac. Asimismo, dicha sentencia permiti\u00f3 revertir deterioros y provisiones dotados previamente, reconocer las obligaciones asumidas en el Pacto Ambiental suscrito con la Xunta de Galicia, y reconocer como activo determinadas bases imponibles negativas y deducciones acreditadas previamente. Miles \u20ac Nota 2022 Deterioros- Activos intangibles 15 y 19 (2.386) Propiedad, planta y equipo 16 y 19 (181.548) Activos biol\u00f3gicos 18 y 19 (2.479) Existencias 20 (2.929) Amortizaci\u00f3n activos biof\u00e1brica Pontevedra 2022 15 y 16 9.941 Activos por derechos de uso 17 y 19 470 Activos por impuesto diferido 32 (12.043) Obligaciones contractuales 31.1 (6.025) Pacto Ambiental ENCE Pontevedra 31.1 21.000 Efecto provisiones y deterioros en el Impuesto Sociedades 7.088 (168.911)",
   "dimensions": {
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  "fact-517": {
   "value": "31. Provisiones, garant\u00edas y pasivos contingentes 31.3  Activos y pasivos contingentes  Al cierre del ejercicio 2023, el Grupo mantiene reclamaciones y controversias legales como consecuencia  natural de su negocio. Se resumen a continuaci\u00f3n las reclamaciones m\u00e1s significativas:  Cultivos energ\u00e9ticos- En los ejercicios 2013 y 2014 se aprobaron un conjunto de disposiciones normativas: la Orden Ministerial IET/1045/2014, de 16 de junio, por la que se aprueban los par\u00e1metros retributivos de las instalaciones tipo aplicables a determinadas instalaciones de producci\u00f3n de energ\u00eda el\u00e9ctrica a partir de fuentes de energ\u00eda renovables, cogeneraci\u00f3n y residuos, dictada en desarrollo de lo previsto en el Real Decreto 413/2014, de 6 de Junio, por el que se regula la actividad de producci\u00f3n de energ\u00eda el\u00e9ctrica a partir de fuentes de energ\u00eda renovables, cogeneraci\u00f3n y residuos, ambas dictadas en desarrollo y aplicaci\u00f3n de la Ley 24/2013, de 26 de diciembre,  del  Sector  El\u00e9ctrico  y  del  Real  Decreto-ley  9/2013,  de  12  de  julio,  por  el  que  se  adoptaron medidas  urgentes  para  garantizar  la  estabilidad  financiera  del  sistema  el\u00e9ctrico,  que  modificaron  el esquema  retributivo  y  el  r\u00e9gimen  de  tributaci\u00f3n  aplicable a  las  instalaciones  de  generaci\u00f3n  de  energ\u00eda renovable, incluida  la generaci\u00f3n y cogeneraci\u00f3n con biomasa. Esta  nueva regulaci\u00f3n, que en t\u00e9rminos retributivos equiparaba los cultivos energ\u00e9ticos a los restos forestales y agr\u00edcolas, oblig\u00f3 a ENCE a iniciar un proceso  para  abandonar  ordenadamente  y  definitivamente  la  gesti\u00f3n  de  las  plantaciones  de  cultivos energ\u00e9ticos desarrolladas, incluyendo la resoluci\u00f3n de contratos de arrendamientos, con el consiguiente deterioro de las inversiones realizadas y la dotaci\u00f3n de las necesarias provisiones. Como consecuencia de ello, el 14 de julio de 2014, ENCE y determinadas sociedades del Grupo (en adelante \u201cENCE\u201d),  presentaron  ante  el  entonces  Ministerio  de  Industria,  Energ\u00eda  y  Turismo  una  reclamaci\u00f3n  de Responsabilidad  Patrimonial  de  la  Administraci\u00f3n  General  del  Estado  (en  adelante  \u201cRPA\u201d),  cuya cuantificaci\u00f3n final, seg\u00fan informes elaborados por un experto independiente, ascendi\u00f3 a la cuant\u00eda de 63.300 miles \u20ac. Con fecha 17 de febrero de 2021 ENCE present\u00f3 un escrito ante el Ministerio para la Transici\u00f3n Ecol\u00f3gica y el Reto Demogr\u00e1fico, hoy competente en materia de energ\u00eda, reiterando la solicitud a la Administraci\u00f3n para que dictase resoluci\u00f3n expresa en el expediente de RPA planteado, en base a la cual evaluar el posible ejercicio de acciones ulteriores.  Con fecha 15 de noviembre de 2021 Ence recibi\u00f3 un oficio de la Secretaria General T\u00e9cnica del Ministerio para la Transici\u00f3n Energ\u00e9tica y el Reto Demogr\u00e1fico a trav\u00e9s del cual se daba traslado de un informe de la Direcci\u00f3n  General  de  Pol\u00edtica  Energ\u00e9tica  y  Minas  (Informe  DGPEM)  en  el  que  se  conclu\u00eda  que  la indemnizaci\u00f3n reclamada no era procedente.  El 29/11/2023, ENCE present\u00f3 alegaciones controvirtiendo las consideraciones del Informe DGPEM y solicit\u00f3 acceso y vista al expediente sin que hasta la fecha la Administracion haya contestado. Adem\u00e1s,  ENCE  ha  reiterado  y  recordado,  en  diversas  ocasiones,  la  obligaci\u00f3n  que  pesa  sobre  la Administraci\u00f3n de resolver, en tiempo y forma, la solicitud de RPA formulada en el a\u00f1o 2014. Ante el silencio de la solicitud de RPA, con fecha 10 de febrero de 2023 ENCE interpuso recurso contencioso administrativo  y,  con  fecha  21  de  junio  de  2023,  present\u00f3  escrito  de  demanda  con  fundamento  en  el instituto de la RPA con en base a la inviabilidad total generada por el nuevo marco regulatorio, a partir de 2013-2014,  para  el  modelo  de  generaci\u00f3n  de  energ\u00eda  el\u00e9ctrica  mediante  la  utilizaci\u00f3n  de  los  cultivos energ\u00e9ticos,  inviabilidad  que  determin\u00f3  la  generaci\u00f3n  de  un  da\u00f1o  real,  efectivo  y  evaluable econ\u00f3micamente, vinculado directamente a la finalizaci\u00f3n por completo de todo el proceso productivo de ENCE con los cultivos energ\u00e9ticos.  Regulaci\u00f3n sector el\u00e9ctrico- Con fecha 20 de diciembre de 2022 las sociedades del Grupo que como parte de su actividad est\u00e1n afectadas por la regulaci\u00f3n del sector el\u00e9ctrico, han interpuesto recursos contencioso-administrativos, ante la Sala de lo Contencioso-Administrativo del Tribunal Supremo, frente a las siguientes \u00f3rdenes ministeriales: Orden TED/1232/2022 y Orden TED/1295/2022 (v\u00e9ase Anexo III). Todos los recursos contencioso-administrativo interpuestos han sido admitidos, si bien el Tribunal Supremo ha acordado que solo algunos de ellos, cuatro en total, de los interpuestos frente a la Orden TED/1232/2022 sean tramitados de manera preferente. Ya se ha formulado demanda en los cuatro recursos: Ence Energ\u00eda Huelva S.L.U. - Recurso 1030/2022 \u2013 IT-00841 Energ\u00edas de la Mancha Eneman, S.A. - Recurso 1050/2022 - IT-00855 Energ\u00eda de la Loma, S.A. - Recurso 1039/2022 - IT-00855. Ence Energ\u00eda Extremadura, S.L.U. - Recurso 1033/2022 - IT-00843. La impugnaci\u00f3n se fundamenta, por un  lado, en que la normativa aprobada  tiene car\u00e1cter retroactivo, prohibido por el ordenamiento jur\u00eddico, en el incumplimiento de los plazos establecidos en relaci\u00f3n con el r\u00e9gimen retributivo contenido en la Ley del Sector El\u00e9ctrico y en el Real Decreto 413/2014, adem\u00e1s de ser arbitraria y contraria a los principios de buena  regulaci\u00f3n. Por otro lado, se acredita la vulneraci\u00f3n del principio  de  suficiencia  retributiva.  Adicionalmente,  se  impugna  de  manera  indirecta  la  Orden IET/1345/2015 y se solicita al Tribunal Supremo que plantee una cuesti\u00f3n de inconstitucionalidad sobre el Real Decreto-ley 6/2022. Adem\u00e1s de argumentos de car\u00e1cter jur\u00eddico, la impugnaci\u00f3n se fundamenta en un an\u00e1lisis pericial que determina la existencia de un impacto econ\u00f3mico relevante, en la medida en que las \u00d3rdenes  impugnadas  fijan  una  retribuci\u00f3n  a  la  operaci\u00f3n  alejada  de  los  costes  reales,  vulnerando  su derecho a recibir un r\u00e9gimen retributivo en los t\u00e9rminos legal y reglamentariamente previstos. Concesi\u00f3n de dominio p\u00fablico \u2013 Biof\u00e1brica de ENCE en Pontevedra  La resoluci\u00f3n de 20 de enero de 2016 por la que se otorg\u00f3 la pr\u00f3rroga de la concesi\u00f3n de dominio p\u00fablico  sobre el que se asienta la planta de ENCE en Pontevedra fue impugnada primero en v\u00eda administrativa y  posteriormente en v\u00eda contenciosa, por el Ayuntamiento de Pontevedra y dos Asociaciones: Greenpeace  Espa\u00f1a y la Asociaci\u00f3n por la Defensa de la R\u00eda de Pontevedra (en adelante APDR).  Dichas impugnaciones dieron lugar a tres procedimientos judiciales seguidos ante la Sala de lo Contencioso- Administrativo de la Audiencia Nacional que fueron resueltos por dicha Sala mediante sentencias 15 de  Julio de 2021 y 21 de septiembre de 2021, estimando los recursos interpuestos por Greenpeace Espa\u00f1a,  por el Ayuntamiento de Pontevedra y por la APDR, y anulando la Resoluci\u00f3n Ministerial de 20 de enero de  2016 de pr\u00f3rroga de la concesi\u00f3n, por entender que la misma no justifica la necesidad de que la  biof\u00e1brica  de celulosa de ENCE en Pontevedra, por su naturaleza, deba tener su ubicaci\u00f3n en dominio p\u00fablico mar\u00edtimo  terrestre ni se alegan razones de inter\u00e9s p\u00fablico para defender la ubicaci\u00f3n actual de la biof\u00e1brica.  ENCE formul\u00f3 con fecha 28 de septiembre de 2021 y 29 de noviembre de 2021 recursos de casaci\u00f3n ante  el Tribunal Supremo contra las sentencias dictadas por la Audiencia Nacional, los cuales fueron resueltos  mediante sentencias favorables de 6 de marzo de 2023, en las que el Tribunal Supremo estima los  recursos  de casaci\u00f3n interpuestos por la Sociedad contra las sentencias de la Audiencia Nacional de 15 de julio de  2021,  dictadas  en  los    procedimientos  iniciados,  respectivamente,  por  Greenpeace  Espa\u00f1a  y  el  Ayuntamiento de Pontevedra.  Ambas sentencias del Tribunal Supremo declaran nulas las citadas sentencias de la Audiencia Nacional y  confirman la legalidad de la pr\u00f3rroga de la concesi\u00f3n y, por tanto, el plazo de duraci\u00f3n de 60 a\u00f1os de la  misma, el cual se computa desde el d\u00eda de solicitud de la pr\u00f3rroga. Contra dichas sentencias del Tribunal  Supremo no cabe recurso ordinario.  La Abogac\u00eda del Estado y el Ayuntamiento de Pontevedra promovieron sendos incidentes de nulidad de  actuaciones contra la sentencia del Tribunal Supremo dictada en el recurso de casaci\u00f3n que trae causa del  procedimiento iniciado por el Ayuntamiento contra la pr\u00f3rroga. Igualmente, la Abogac\u00eda del Estado planteo  incidente de nulidad contra la sentencia del Tribunal Supremo referida al caso iniciado por Greenpeace.  Estos incidentes fueron resueltos por el Tribunal Supremo mediante autos de fecha 21 de junio de 2023 por  los que desestim\u00f3 la nulidad de las sentencias, confirmando su validez.  Greenpeace  Espa\u00f1a  inst\u00f3  fuera  de  plazo  incidente  de  nulidad  de  actuaciones  contra  la  sentencia  del  Tribunal Supremo con fecha 28 de julio de 2023, el cual a\u00fan no ha sido resuelto.  Est\u00e1 pendiente de recibir  sentencia  del Tribunal Supremo estimando, en id\u00e9nticos t\u00e9rminos, el recurso  interpuesto por ENCE contra la sentencia de la Audiencia Nacional en el procedimiento interpuesto por la  APDR, tambi\u00e9n relacionado con la pr\u00f3rroga de la concesi\u00f3n y que qued\u00f3 en suspenso por decisi\u00f3n del  Tribunal Supremo hasta la tramitaci\u00f3n de los otros dos recursos ya resueltos favorablemente.  Tanto el Ayuntamiento de Pontevedra como la Abogac\u00eda de Estado han presentado sendos recursos de  amparo ante el Tribunal Constitucional sin que \u00e9ste se haya pronunciado a\u00fan sobre su admisi\u00f3n.  Impactos recogidos en las cuentas anuales consolidadas de ENCE del ejercicio  2022  ENCE, considerando las sentencias del Tribunal Supremo que confirman la legalidad de la pr\u00f3rroga de la  concesi\u00f3n  de  la  biof\u00e1brica  de  Pontevedra  hasta  2073,  revirti\u00f3  en  el  ejercicio  2022  las  provisiones  y  deterioros registrados en el ejercicio 2021 tras considerar los potenciales impactos de la sentencia emitida por la Audiencia Nacional. El detalle de los impactos recogidos en el Estado de Resultado consolidado en 2022 fue el siguiente: Las  sentencias  del  Tribunal  Supremo, al  confirmar  la  legalidad  de la pr\u00f3rroga  de  la  concesi\u00f3n  sobre la biof\u00e1brica  de  Pontevedra  hasta  2073,  permitieron  reevaluar  su  valor  recuperable,  concluyendo  que  el mismo es recuperable \u00edntegramente, raz\u00f3n por la que se procedi\u00f3 a revertir el importe pendiente de la provisi\u00f3n dotada en ejercicios anteriores asociada al valor de los activos intangibles, por importe de 2.386 miles \u20ac, y los activos productivos vinculados a la biof\u00e1brica de Pontevedra, que incluyen los costes previstos por desmantelamiento y remediaci\u00f3n de la instalaci\u00f3n, as\u00ed como los activos por derechos de uso asociados a dicha UGE, por un importe conjunto de 181.548 miles \u20ac. Asimismo, dicha sentencia permiti\u00f3 revertir deterioros y provisiones dotados previamente, reconocer las obligaciones asumidas en el Pacto Ambiental suscrito con la Xunta de Galicia, y reconocer como activo determinadas bases imponibles negativas y deducciones acreditadas previamente. Miles \u20ac Nota 2022 Deterioros- Activos intangibles 15 y 19 (2.386) Propiedad, planta y equipo 16 y 19 (181.548) Activos biol\u00f3gicos 18 y 19 (2.479) Existencias 20 (2.929) Amortizaci\u00f3n activos biof\u00e1brica Pontevedra 2022 15 y 16 9.941 Activos por derechos de uso 17 y 19 470 Activos por impuesto diferido 32 (12.043) Obligaciones contractuales 31.1 (6.025) Pacto Ambiental ENCE Pontevedra 31.1 21.000 Efecto provisiones y deterioros en el Impuesto Sociedades 7.088 (168.911)",
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  },
  "fact-524": {
   "value": "31. Provisiones, garant\u00edas y pasivos contingentes 31.2 Garant\u00edas comprometidas con terceros Al 31 de diciembre de 2023 diversas entidades financieras han otorgado avales a las distintas sociedades del Grupo, de acuerdo con el siguiente detalle (96.543 miles \u20ac al 31 de diciembre de 2022): Los Administradores no esperan que de los importes avalados o de las garant\u00edas prestadas se deriven pasivos significativos para el Grupo, adicionales a los recogidos en estas cuentas anuales consolidadas. Miles de Euros Tramitaci\u00f3n administrativa de  plantas generaci\u00f3n energ\u00eda el\u00e9ctrica renovable 37.038 Prestamos Subvencionados (Nota 28.2) 9.004 Acceso a red-Preasignaciones 17.154 L\u00edneas de descuento de facturas  13.500 Ejecuci\u00f3n de proyectos forestales 5.130 Concesi\u00f3n de Pontevedra 3.050 Mercado el\u00e9ctrico 5.500 Medio ambiente 1.605 Pagos a proveedores 714 Otros 3.712 96.407",
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    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-562": {
   "value": "31.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Provisiones, garant\u00edas y pasivos contingentes<span class=\"__1 _1bc\"> </span></span></span>31.1<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Provisiones </span></span>El <span class=\"__1 _70\"></span>de<span class=\"ff6\">talle <span class=\"__1 _5\"></span>del <span class=\"__1 _70\"></span>movimiento<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>las <span class=\"__1 _70\"></span>cuenta<span class=\"__1 _6\"></span>s <span class=\"__1 _70\"></span>\u201cProvision<span class=\"__1 _6\"></span>es\u201d <span class=\"__1 _70\"></span>del <span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>asivo <span class=\"__1 _5\"></span>a <span class=\"__1 _70\"></span>largo <span class=\"__1 _70\"></span>y corto <span class=\"__1 _70\"></span>plazo <span class=\"__1 _70\"></span>del <span class=\"__1 _70\"></span>E<span class=\"__1 _6\"></span>stado <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>Situaci\u00f3n<span class=\"__1 _1bc\"> </span></span>Financiera consolida<span class=\"__1 _6\"></span>do en los ejercicios 2023 y 2022 <span class=\"__1 _6\"></span>es el siguiente:<span class=\"__1 _1bc\"> </span>ENCE <span class=\"__1 _4\"></span>suscribi\u00f3 <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>2016 <span class=\"__1 _8\"></span>un <span class=\"__1 _4\"></span>Pacto <span class=\"__1 _8\"></span>Ambiental <span class=\"__1 _4\"></span>y <span class=\"__1 _8\"></span>un <span class=\"__1 _4\"></span>Convenio <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>Colaboraci\u00f3n <span class=\"__1 _4\"></span>con<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>la<span class=\"__1 _5\"></span> <span class=\"__1 _8\"></span>Con<span class=\"__1 _6\"></span>seller\u00eda <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>Medio<span class=\"__1 _1bc\"> </span>Ambiente de <span class=\"__1 _70\"></span>la Xunta de <span class=\"__1 _5\"></span>Galicia,<span class=\"__1 _6\"></span> por <span class=\"__1 _70\"></span>la que se <span class=\"__1 _5\"></span>compromet\u00eda, entre <span class=\"__1 _5\"></span>otros, a <span class=\"__1 _5\"></span>mejorar la <span class=\"__1 _70\"></span>calid<span class=\"__1 _6\"></span>ad de <span class=\"__1 _5\"></span>vida de <span class=\"__1 _5\"></span>los<span class=\"__1 _1bc\"> </span>Gallegos, y en especial de los<span class=\"__1 _6\"></span> que habitan en el entorno d<span class=\"__1 _6\"></span>e la R\u00eda de Pontevedra<span class=\"__1 _6\"></span>, su seguridad y d<span class=\"__1 _6\"></span>esarrollo,<span class=\"__1 _1bc\"> </span>2023<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>do<span class=\"__1 _6\"></span> a<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span>01<span class=\"__1 _6\"></span>/0<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>/20<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _5\"></span>di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> o<span class=\"__1 _1bc\"> </span>Dota<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>ti<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> o<span class=\"__1 _1bc\"> </span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>duc<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _1bc\"> </span>Tra<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>pa<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>do<span class=\"__1 _6\"></span> a<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/20<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>L<span class=\"__1 _6\"></span>a<span class=\"__1 _5\"></span>rgo plaz<span class=\"__1 _5\"></span>o:<span class=\"__1 _1bc\"> </span>Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>n r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>tri<span class=\"__1 _8\"></span>buc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _6\"></span> a<span class=\"__1 _6\"></span> l<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>r<span class=\"__1 _6\"></span>go pl<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>zo (Nota<span class=\"__1 _6\"></span> 12<span class=\"__1 _6\"></span>.2)<span class=\"__1 _177\"> </span>  4<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>5 <span class=\"__1 _6\"></span>  <span class=\"__1 _e6\"> </span>  26<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>   <span class=\"__1 _c9\"> </span><span class=\"ls99\">                  (1)   <span class=\"__1 _ce\"> </span>             (34<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>)   <span class=\"__1 _a2\"> </span></span>  <span class=\"__1 _6\"></span>34<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> Pr<span class=\"__1 _6\"></span>ovi<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>\u00f3n d<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>man<span class=\"__1 _6\"></span>te<span class=\"__1 _70\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>mi<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>to<span class=\"__1 _18a\"> </span>  2<span class=\"__1 _6\"></span>4.5<span class=\"__1 _6\"></span>98<span class=\"__1 _6\"></span>   <span class=\"__1 _e6\"> </span>  8<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>   <span class=\"__1 _cf\"> </span><span class=\"ls99\">                     -   <span class=\"__1 _cf\"> </span>                     -   <span class=\"__1 _110\"> </span></span>  2<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>.42<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> Otr<span class=\"__1 _6\"></span>os<span class=\"__1 _a1\"> </span>  2<span class=\"__1 _6\"></span>.96<span class=\"__1 _6\"></span>0 <span class=\"__1 _6\"></span>  <span class=\"__1 _e6\"> </span>  4<span class=\"__1 _6\"></span>67<span class=\"__1 _6\"></span>   <span class=\"__1 _ce\"> </span><span class=\"ls99\">             (90<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>)   <span class=\"__1 _cf\"> </span>                     -   <span class=\"__1 _80\"> </span></span>  2<span class=\"__1 _6\"></span>.51<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>   2<span class=\"__1 _6\"></span>7.98<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>   <span class=\"__1 _f9\"> </span>  1.562<span class=\"__1 _6\"></span>   <span class=\"__1 _ce\"> </span><span class=\"ls99\">             (91<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>)   <span class=\"__1 _cd\"> </span>             (34<span class=\"__1 _6\"></span>7)   <span class=\"__1 _110\"> </span></span>  2<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.288<span class=\"__1 _6\"></span>  Cor<span class=\"__1 _6\"></span>t<span class=\"__1 _6\"></span>o pla<span class=\"__1 _70\"></span>zo<span class=\"__1 _1bc\"> </span>Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>n r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>tri<span class=\"__1 _8\"></span>buc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _6\"></span> a<span class=\"__1 _6\"></span> c<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>to pl<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>zo (Not<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span> 1<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.2)<span class=\"__1 _af\"> </span><span class=\"ls99\">                     -   <span class=\"__1 _cf\"> </span>                     -   <span class=\"__1 _cd\"> </span>             (1<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>5)   <span class=\"__1 _e6\"> </span></span>  3<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>   <span class=\"__1 _e6\"> </span>  2<span class=\"__1 _6\"></span>42<span class=\"__1 _6\"></span> De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>hos<span class=\"__1 _8\"></span> de E<span class=\"__1 _5\"></span>m<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3<span class=\"__1 _6\"></span>n (Not<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> 1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> y 2<span class=\"__1 _6\"></span>0.1<span class=\"__1 _6\"></span>)<span class=\"__1 _163\"> </span>  11<span class=\"__1 _6\"></span>.10<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>   <span class=\"__1 _110\"> </span>  1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.33<span class=\"__1 _6\"></span>9 <span class=\"__1 _6\"></span>  <span class=\"__1 _cf\"> </span><span class=\"ls99\">       (1<span class=\"__1 _6\"></span>0.99<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>)   <span class=\"__1 _cf\"> </span>                     -   <span class=\"__1 _110\"> </span></span>  1<span class=\"__1 _6\"></span>2.4<span class=\"__1 _6\"></span>41<span class=\"__1 _6\"></span> Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>n Soc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span> P<span class=\"__1 _6\"></span>onte<span class=\"__1 _5\"></span>vedra<span class=\"__1 _8\"></span> y otra<span class=\"__1 _8\"></span>s<span class=\"__1 _18b\"> </span>  3<span class=\"__1 _6\"></span>1.7<span class=\"__1 _6\"></span>00<span class=\"__1 _6\"></span>   <span class=\"__1 _cc\"> </span><span class=\"ls99\">                     -   <span class=\"__1 _cb\"> </span>          (2<span class=\"__1 _6\"></span>.200<span class=\"__1 _6\"></span>)   <span class=\"__1 _cf\"> </span>                     -   <span class=\"__1 _110\"> </span></span>  2<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>.50<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>   4<span class=\"__1 _6\"></span>2.80<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>   <span class=\"__1 _110\"> </span>  1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.339<span class=\"__1 _6\"></span>   <span class=\"__1 _cc\"> </span><span class=\"ls99\">       (13<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>30<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>)   <span class=\"__1 _a2\"> </span><span class=\"ls0_1\">  3<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>   <span class=\"__1 _110\"> </span>  4<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.18<span class=\"__1 _6\"></span>3  </span></span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> e<span class=\"__1 _5\"></span>ur<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>2022<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>do<span class=\"__1 _6\"></span> a<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span>01<span class=\"__1 _6\"></span>/0<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>/20<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _5\"></span>di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> o<span class=\"__1 _1bc\"> </span>Dota<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>ti<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> o<span class=\"__1 _1bc\"> </span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>duc<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _1bc\"> </span>Tra<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>pa<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>Sa<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>do<span class=\"__1 _6\"></span> a<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/20<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>L<span class=\"__1 _6\"></span>a<span class=\"__1 _5\"></span>rgo plaz<span class=\"__1 _5\"></span>o:<span class=\"__1 _1bc\"> </span>Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>n r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>tri<span class=\"__1 _8\"></span>buc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _6\"></span> a<span class=\"__1 _6\"></span> l<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>rgo p<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>zo (Nota <span class=\"__1 _6\"></span>11<span class=\"__1 _6\"></span>.2)<span class=\"__1 _91\"> </span>  37<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>   <span class=\"__1 _99\"> </span>  50<span class=\"__1 _6\"></span>   <span class=\"__1 _cc\"> </span><span class=\"ls9b\">                     -   <span class=\"__1 _ce\"> </span>                     -   <span class=\"__1 _a2\"> </span></span>  4<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> Pr<span class=\"__1 _6\"></span>ovi<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>\u00f3n d<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>man<span class=\"__1 _6\"></span>te<span class=\"__1 _70\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>mi<span class=\"__1 _6\"></span>ento<span class=\"__1 _18c\"> </span>  4<span class=\"__1 _6\"></span>2.6<span class=\"__1 _6\"></span>31<span class=\"__1 _6\"></span>   <span class=\"__1 _cf\"> </span><span class=\"ls9b\">                     -   <span class=\"__1 _cf\"> </span>       (1<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>.033<span class=\"__1 _6\"></span>)   <span class=\"__1 _cf\"> </span>                     -   <span class=\"__1 _33\"> </span></span>  <span class=\"__1 _6\"></span>24<span class=\"__1 _6\"></span>.59<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> Pr<span class=\"__1 _6\"></span>ovi<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ones<span class=\"__1 _6\"></span> p<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span> obl<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ga<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>on<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span> co<span class=\"__1 _6\"></span>ntra<span class=\"__1 _8\"></span>tua<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _d\"> </span>  6<span class=\"__1 _6\"></span>.05<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>   <span class=\"__1 _99\"> </span>  6<span class=\"__1 _6\"></span>2  <span class=\"__1 _6\"></span> <span class=\"__1 _cb\"> </span><span class=\"ls9b\">          (6<span class=\"__1 _6\"></span>.12<span class=\"__1 _6\"></span>1)   <span class=\"__1 _cf\"> </span>                     -   <span class=\"__1 _cf\"> </span>                     - </span>Otr<span class=\"__1 _6\"></span>os<span class=\"__1 _18d\"> </span>  2<span class=\"__1 _6\"></span>.16<span class=\"__1 _6\"></span>0   <span class=\"__1 _f9\"> </span>  1.11<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>   <span class=\"__1 _cd\"> </span><span class=\"ls9b\">             (3<span class=\"__1 _6\"></span>19<span class=\"__1 _6\"></span>)   <span class=\"__1 _cf\"> </span>                     -   <span class=\"__1 _80\"> </span></span>  2<span class=\"__1 _6\"></span>.96<span class=\"__1 _6\"></span>0   5<span class=\"__1 _6\"></span>1.22<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>   <span class=\"__1 _80\"> </span>  1<span class=\"__1 _6\"></span>.231<span class=\"__1 _6\"></span>   <span class=\"__1 _cc\"> </span><span class=\"ls9b\">       (24<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>47<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>)   <span class=\"__1 _cf\"> </span>                     -   <span class=\"__1 _33\"> </span><span class=\"ls0_1\">  2<span class=\"__1 _6\"></span>7.98<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span> </span></span>Cor<span class=\"__1 _6\"></span>to <span class=\"__1 _6\"></span>pla<span class=\"__1 _70\"></span>zo<span class=\"__1 _1bc\"> </span>Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>n r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>tri<span class=\"__1 _8\"></span>buc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _6\"></span> a<span class=\"__1 _6\"></span> l<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>rgo p<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>zo (Nota <span class=\"__1 _6\"></span>11<span class=\"__1 _6\"></span>.2)<span class=\"__1 _91\"> </span>  30<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>   <span class=\"__1 _cf\"> </span><span class=\"ls9b\">                     -   <span class=\"__1 _cd\"> </span>             (3<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>9)   <span class=\"__1 _cf\"> </span>                     -   <span class=\"__1 _cf\"> </span>                     - </span>De<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>hos<span class=\"__1 _8\"></span> de E<span class=\"__1 _5\"></span>m<span class=\"__1 _5\"></span>i<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _6\"></span> (Not<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> 1<span class=\"__1 _6\"></span>2 <span class=\"__1 _6\"></span>y 2<span class=\"__1 _6\"></span>0.1<span class=\"__1 _6\"></span>)<span class=\"__1 _8a\"> </span> <span class=\"__1 _6\"></span> 7.5<span class=\"__1 _6\"></span>78<span class=\"__1 _6\"></span>   <span class=\"__1 _110\"> </span>  1<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.10<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>   <span class=\"__1 _c9\"> </span><span class=\"ls9b\">          (7.57<span class=\"__1 _6\"></span>8)   <span class=\"__1 _cf\"> </span>                     -   <span class=\"__1 _110\"> </span></span>  1<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.10<span class=\"__1 _6\"></span>0 Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>n Soc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span> P<span class=\"__1 _6\"></span>onte<span class=\"__1 _5\"></span>vedra<span class=\"__1 _8\"></span> y otra<span class=\"__1 _8\"></span>s<span class=\"__1 _14b\"> </span>  10<span class=\"__1 _6\"></span>.93<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>   <span class=\"__1 _110\"> </span>  2<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.00<span class=\"__1 _6\"></span>0   <span class=\"__1 _ce\"> </span><span class=\"ls9b\">             (2<span class=\"__1 _6\"></span>35<span class=\"__1 _6\"></span>)   <span class=\"__1 _cf\"> </span>                     -   <span class=\"__1 _33\"> </span></span>  3<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span>.70<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>   1<span class=\"__1 _6\"></span>8.82<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>   <span class=\"__1 _110\"> </span>  3<span class=\"__1 _6\"></span>2.10<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>   <span class=\"__1 _c9\"> </span><span class=\"ls9b\">          (8.122<span class=\"__1 _6\"></span>)   <span class=\"__1 _cf\"> </span>                     -   <span class=\"__1 _33\"> </span></span>  4<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.800<span class=\"__1 _6\"></span> Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> de e<span class=\"__1 _5\"></span>ur<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>el <span class=\"__1 _cb\"> </span>medio <span class=\"__1 _c9\"> </span>ambiente, <span class=\"__1 _c9\"> </span>el <span class=\"__1 _cb\"> </span>ento<span class=\"__1 _6\"></span>rno <span class=\"__1 _cb\"> </span>n<span class=\"__1 _6\"></span>atural, <span class=\"__1 _c9\"> </span>social <span class=\"__1 _cb\"> </span>y <span class=\"__1 _c9\"> </span>econ\u00f3mico <span class=\"__1 _c9\"> </span>as\u00ed <span class=\"__1 _cb\"> </span>como <span class=\"__1 _c9\"> </span>su <span class=\"__1 _c9\"> </span>sostenibilidad<span class=\"__1 _6\"></span>, <span class=\"__1 _cb\"> </span>as<span class=\"__1 _6\"></span>umiendo determinados <span class=\"__1 _6\"></span>compromisos<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de inversi\u00f3n <span class=\"__1 _6\"></span>y d<span class=\"__1 _6\"></span>e contribuci\u00f3n<span class=\"__1 _6\"></span> econ\u00f3mica a <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>mejora d<span class=\"__1 _6\"></span>e la c<span class=\"__1 _6\"></span>alidad <span class=\"__1 _6\"></span>de vid<span class=\"__1 _6\"></span>a de la poblaci\u00f3n gallega.<span class=\"__1 _6\"></span>  Los <span class=\"__1 _c9\"> </span>compromisos <span class=\"__1 _c9\"> </span>de <span class=\"__1 _c9\"> </span>inversi\u00f3n <span class=\"__1 _c9\"> </span>incluyen <span class=\"__1 _c9\"> </span>inversiones, <span class=\"__1 _c9\"> </span>actualmente <span class=\"__1 _c9\"> </span>ya <span class=\"__1 _c9\"> </span>ejecutadas, <span class=\"__1 _c9\"> </span>por <span class=\"__1 _c9\"> </span>61 <span class=\"__1 _c9\"> </span>millones <span class=\"__1 _c9\"> </span>\u20ac destinadas<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>mejora <span class=\"__1 _6\"></span>medio<span class=\"__1 _6\"></span>ambiental <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>creaci\u00f3n <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>emp<span class=\"__1 _6\"></span>leo <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>iof\u00e1brica <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>Pontev<span class=\"__1 _6\"></span>edra, <span class=\"__1 _8\"></span>as\u00ed <span class=\"__1 _6\"></span>como inversiones, actu<span class=\"__1 _6\"></span>almente en estudio, y vinculadas, principalmente, a la generaci\u00f3n d<span class=\"__1 _6\"></span>e energ\u00eda con biomasa por un importe estimad<span class=\"__1 _6\"></span>o de 94 millones \u20ac.<span class=\"__1 _6\"></span><span class=\"ff4\"> </span>Las <span class=\"__1 _8\"></span>con<span class=\"__1 _6\"></span>tribuciones <span class=\"__1 _4\"></span>incluyen <span class=\"__1 _8\"></span>aportaciones <span class=\"__1 _4\"></span>econ\u00f3micas <span class=\"__1 _4\"></span>orientadas <span class=\"__1 _4\"></span>a <span class=\"__1 _8\"></span>la <span class=\"__1 _8\"></span>mejora <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>calidad <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>vida <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>los gallegos <span class=\"__1 _6\"></span>por <span class=\"__1 _8\"></span>21 <span class=\"__1 _6\"></span>millones <span class=\"__1 _6\"></span>\u20ac, <span class=\"__1 _8\"></span>as\u00ed <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>puesta <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>marcha <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>un <span class=\"__1 _6\"></span>pro<span class=\"__1 _6\"></span>grama <span class=\"__1 _6\"></span>marco <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>ara <span class=\"__1 _6\"></span>hacer <span class=\"__1 _6\"></span>part\u00edcipe <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>la poblaci\u00f3n del <span class=\"__1 _70\"></span>entorno de <span class=\"__1 _70\"></span>la R\u00eda <span class=\"__1 _70\"></span>Gallega <span class=\"__1 _5\"></span>de <span class=\"__1 _5\"></span>los <span class=\"__1 _5\"></span>beneficios de <span class=\"__1 _70\"></span>su<span class=\"__1 _6\"></span> <span class=\"__1 _5\"></span>pol\u00edtica <span class=\"__1 _5\"></span>de <span class=\"__1 _5\"></span>responsabilidad <span class=\"__1 _5\"></span>social corporativa de ENCE con una dotaci\u00f3n anual de <span class=\"__1 _5\"></span>hasta 3 millones \u20ac, <span class=\"ff4\">y que <span class=\"__1 _5\"></span>estar\u00e1 vigente durante el periodo concesional </span>(v\u00e9ase Nota 12)<span class=\"ls17\">. </span> La <span class=\"__1 _ca\"> </span>cuenta  \u201c<span class=\"ff4\">Plan <span class=\"__1 _c6\"> </span>Social  Pontevedra <span class=\"__1 _c6\"> </span>y<span class=\"__1 _6\"></span> <span class=\"__1 _ca\"> </span>otras<span class=\"__1 _6\"></span></span><span class=\"ls9c\">\u201d  </span><span class=\"ff4\">incluye, <span class=\"__1 _c6\"> </span>ad<span class=\"__1 _6\"></span>icionalmente, <span class=\"__1 _c6\"> </span>o<span class=\"__1 _6\"></span>tras  obligaciones  potenciales <span class=\"__1 _c6\"> </span>d<span class=\"__1 _6\"></span>e </span>cuant\u00eda <span class=\"__1 _4\"></span>incierta <span class=\"__1 _4\"></span>derivad<span class=\"__1 _6\"></span>as <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>can<span class=\"__1 _6\"></span>celaci\u00f3n <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>determinados<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>contratos <span class=\"__1 _4\"></span>relacionados <span class=\"__1 _4\"></span>con<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>la<span class=\"__1 _6\"></span>s <span class=\"__1 _4\"></span>actividades log\u00edsticas del Grup<span class=\"__1 _6\"></span>o. Provisi\u00f3n por desmantelam<span class=\"__1 _6\"></span>iento<span class=\"__1 _6\"></span>- El valor presente de las obligaciones as<span class=\"__1 _6\"></span>umidas derivadas del des<span class=\"__1 _6\"></span>mantelamiento de la planta de pro<span class=\"__1 _6\"></span>ducci\u00f3n de celulosa ubicad<span class=\"__1 _6\"></span>a en Pontevedra, considerando qu<span class=\"__1 _6\"></span>e esta labor se iniciar\u00eda en 20<span class=\"__1 _6\"></span><span class=\"ls12\">73<span class=\"ls11\">, </span></span>se ha estimado en un importe de <span class=\"ff6\">25.425 m<span class=\"__1 _6\"></span>iles \u20ac (24.598</span> <span class=\"ff6\">miles<span class=\"__1 _6\"></span> \u20ac</span> al 31 de diciembr<span class=\"__1 _6\"></span>e de 2022)<span class=\"ls17\">. <span class=\"__1 _6\"></span></span> En <span class=\"__1 _c9\"> </span>la <span class=\"__1 _c9\"> </span>cuan<span class=\"__1 _6\"></span>tificaci\u00f3n <span class=\"__1 _c9\"> </span>de <span class=\"__1 _c9\"> </span>d<span class=\"__1 _6\"></span>icha <span class=\"__1 _c9\"> </span>ob<span class=\"__1 _6\"></span>ligaci\u00f3n <span class=\"__1 _c9\"> </span>se <span class=\"__1 _c9\"> </span>ha <span class=\"__1 _cd\"> </span>considerado <span class=\"__1 _c9\"> </span>un<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>coste <span class=\"__1 _cd\"> </span>actual <span class=\"__1 _c9\"> </span>para <span class=\"__1 _c9\"> </span>llevar <span class=\"__1 _c9\"> </span>a <span class=\"__1 _cd\"> </span>cabo <span class=\"__1 _c9\"> </span>el desmantelamiento <span class=\"__1 _8\"></span><span class=\"ff6\">de <span class=\"__1 _6\"></span>43 <span class=\"__1 _8\"></span>millones <span class=\"__1 _8\"></span>\u20ac, <span class=\"__1 _6\"></span>unas<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>tasas <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>actualizaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>entorno <span class=\"__1 _8\"></span>del <span class=\"__1 _6\"></span>2%<span class=\"__1 _6\"></span></span>-<span class=\"__1 _6\"></span>3% <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>unas <span class=\"__1 _8\"></span>tasas <span class=\"__1 _8\"></span>de<span class=\"__1 _5\"></span> descuento en el entorn<span class=\"__1 _6\"></span>o del 7<span class=\"__1 _6\"></span>%-8%. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProvisionsExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-544": {
   "value": "32.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Situaci\u00f3n fiscal<span class=\"__1 _1bc\"> </span></span></span><span class=\"ff5 ls0_1\"><span class=\"ff3_1\"> </span></span>Los saldos <span class=\"__1 _70\"></span>deudores y <span class=\"__1 _70\"></span>acreedores mantenidos <span class=\"__1 _5\"></span>con <span class=\"__1 _5\"></span>las <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>istintas <span class=\"__1 _5\"></span>Administraciones P\u00fablicas <span class=\"__1 _5\"></span>al <span class=\"__1 _70\"></span>31 de <span class=\"__1 _70\"></span>diciembre<span class=\"__1 _1bc\"> </span> de 2023 y 2022 son los<span class=\"__1 _6\"></span> siguientes:<span class=\"__1 _1bc\"> </span>32.1<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Aplicaci\u00f3n de reg\u00edmenes y <span class=\"__1 _5\"></span>grupos fiscales<span class=\"__1 _1bc\"> </span></span></span>Sociedades del Grupo con<span class=\"__1 _6\"></span> residencia fiscal en E<span class=\"__1 _6\"></span>spa\u00f1a<span class=\"__1 _6\"></span>-<span class=\"__1 _1bc\"> </span>ENCE tributa<span class=\"__1 _6\"></span> en el Impuesto de Sociedades a t<span class=\"__1 _6\"></span>rav\u00e9s de dos<span class=\"__1 _6\"></span> Grupos de consolida<span class=\"__1 _6\"></span>ci\u00f3n fiscal: \u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4\">EN<span class=\"__1 _6\"></span>CE <span class=\"__1 _6\"></span>Energ\u00eda <span class=\"__1 _6\"></span>y Celulos<span class=\"__1 _6\"></span>a, <span class=\"__1 _6\"></span>S.A. tribu<span class=\"__1 _6\"></span>ta <span class=\"__1 _6\"></span>desde <span class=\"__1 _6\"></span>2002 <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el R\u00e9gimen <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>Consolidaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>Fiscal <span class=\"__1 _6\"></span>del Impues<span class=\"__1 _6\"></span>to<span class=\"__1 _1bc\"> </span></span></span>sobre <span class=\"__1 _4\"></span>Sociedades <span class=\"__1 _4\"></span>previs<span class=\"__1 _6\"></span>to <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>Cap\u00edtulo <span class=\"__1 _4\"></span>VI <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>T\u00edtulo <span class=\"__1 _4\"></span>VII <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>la <span class=\"__1 _c8\"> </span>Ley <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>Impuesto <span class=\"__1 _4\"></span>sobre <span class=\"__1 _4\"></span>Sociedad<span class=\"__1 _6\"></span>es<span class=\"__1 _1bc\"> </span>(Grupo <span class=\"__1 _6\"></span>n\u00ba <span class=\"__1 _8\"></span>149/02), <span class=\"__1 _6\"></span>con <span class=\"__1 _8\"></span>todas <span class=\"__1 _6\"></span>las <span class=\"__1 _8\"></span>sociedades <span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>pa\u00f1olas <span class=\"__1 _6\"></span>detalladas <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>Anexo <span class=\"__1 _8\"></span>I <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>tiene <span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>na<span class=\"__1 _1bc\"> </span>participaci\u00f3n su<span class=\"__1 _6\"></span>perior al 75%.  \u2022<span class=\"ff2_1\"> <span class=\"__1 _b7\"> </span><span class=\"ff4\">Magnon<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>Green <span class=\"__1 _4\"></span>Energy, <span class=\"__1 _8\"></span>S.L. <span class=\"__1 _8\"></span>tr<span class=\"__1 _6\"></span>ibuta <span class=\"__1 _4\"></span>desde <span class=\"__1 _8\"></span>2021 <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _8\"></span>R\u00e9gimen <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>Consolida<span class=\"__1 _6\"></span>ci\u00f3n <span class=\"__1 _8\"></span>Fiscal <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>Im<span class=\"__1 _8\"></span>puesto<span class=\"__1 _1bc\"> </span></span></span>sobre <span class=\"__1 _4\"></span>Sociedades <span class=\"__1 _4\"></span>previs<span class=\"__1 _6\"></span>to <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>Cap\u00edtulo <span class=\"__1 _4\"></span>VI <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>T\u00edtulo <span class=\"__1 _4\"></span>VII <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>Ley <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>Impuesto <span class=\"__1 _4\"></span>sobre <span class=\"__1 _4\"></span>Sociedad<span class=\"__1 _6\"></span>es<span class=\"__1 _1bc\"> </span>(Grupo <span class=\"__1 _6\"></span>n\u00ba <span class=\"__1 _8\"></span>410/21), <span class=\"__1 _6\"></span>con <span class=\"__1 _8\"></span>todas <span class=\"__1 _6\"></span>las <span class=\"__1 _8\"></span>sociedades <span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>pa\u00f1olas <span class=\"__1 _6\"></span>detalladas <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>Anexo <span class=\"__1 _8\"></span>I <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>tiene <span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>na<span class=\"__1 _1bc\"> </span>participaci\u00f3n su<span class=\"__1 _6\"></span>perior al 75%.<span class=\"__1 _1bc\"> </span>El resto de las<span class=\"__1 _6\"></span> sociedades d<span class=\"__1 _6\"></span>el Grupo tributan en r\u00e9gimen in<span class=\"__1 _6\"></span>dividual. La tasa impositiva nominal del <span class=\"__1 _5\"></span>Impuesto sobre Sociedades en Espa\u00f1a es <span class=\"__1 _5\"></span>del 25%. <span class=\"__1 _5\"></span>Las tasas impositivas en el<span class=\"__1 _1bc\"> </span>impuesto <span class=\"__1 _ce\"> </span>equivalente <span class=\"__1 _cd\"> </span>al <span class=\"__1 _ce\"> </span>Impuesto <span class=\"__1 _ce\"> </span>sobre <span class=\"__1 _ce\"> </span>Sociedades <span class=\"__1 _cd\"> </span>en <span class=\"__1 _ce\"> </span>Portugal <span class=\"__1 _ce\"> </span>y <span class=\"__1 _cd\"> </span>Uruguay <span class=\"__1 _ce\"> </span>son <span class=\"__1 _cd\"> </span>del <span class=\"__1 _ce\"> </span>21% <span class=\"__1 _cd\"> </span>y <span class=\"__1 _ce\"> </span>25%,<span class=\"__1 _1bc\"> </span>respectivamente.<span class=\"__1 _1bc\"> </span>De acuerdo <span class=\"__1 _6\"></span>con <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>r\u00e9gimen <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>consolidaci\u00f3n <span class=\"__1 _6\"></span>fiscal, <span class=\"__1 _6\"></span>la bas<span class=\"__1 _6\"></span>e impon<span class=\"__1 _6\"></span>ible del <span class=\"__1 _6\"></span>Impuesto <span class=\"__1 _6\"></span>sobre <span class=\"__1 _6\"></span>Sociedades <span class=\"__1 _6\"></span>no <span class=\"__1 _6\"></span>se<span class=\"__1 _1bc\"> </span>determina <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>partir <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>resultado <span class=\"__1 _8\"></span>con<span class=\"__1 _6\"></span>table <span class=\"__1 _8\"></span>consolidado, <span class=\"__1 _8\"></span>sino <span class=\"__1 _8\"></span>a <span class=\"__1 _8\"></span>partir <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>agregado <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>las <span class=\"__1 _6\"></span>bas<span class=\"__1 _6\"></span>es <span class=\"__1 _8\"></span>imponibles<span class=\"__1 _1bc\"> </span>individuales <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>las <span class=\"__1 _4\"></span>sociedad<span class=\"__1 _6\"></span>es <span class=\"__1 _4\"></span>qu<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>lo <span class=\"__1 _c8\"></span>integran, <span class=\"__1 _4\"></span>determinad<span class=\"__1 _6\"></span>as <span class=\"__1 _4\"></span>seg\u00fan <span class=\"__1 _c8\"></span>su <span class=\"__1 _4\"></span>respectivo <span class=\"__1 _4\"></span>r\u00e9gimen <span class=\"__1 _c8\"></span>individual <span class=\"__1 _c8\"></span>de<span class=\"__1 _1bc\"> </span>tributaci\u00f3n, <span class=\"__1 _c1\"> </span>a <span class=\"__1 _c1\"> </span>la <span class=\"__1 _c1\"> </span>cual <span class=\"__1 _d1\"> </span>se <span class=\"__1 _c1\"> </span>le <span class=\"__1 _c1\"> </span>aplicar\u00e1n, <span class=\"__1 _c1\"> </span>con <span class=\"__1 _d1\"> </span>po<span class=\"__1 _6\"></span>sterioridad, <span class=\"__1 _c1\"> </span>las <span class=\"__1 _c1\"> </span>correspondientes <span class=\"__1 _c1\"> </span>eliminaciones <span class=\"__1 _d1\"> </span>e<span class=\"__1 _1bc\"> </span>incorporaciones ap<span class=\"__1 _6\"></span>licables de acuerdo con<span class=\"__1 _6\"></span> la normativa d<span class=\"__1 _6\"></span>e consolidaci\u00f3n fis<span class=\"__1 _6\"></span>cal.<span class=\"__1 _1bc\"> </span>32.2<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Conciliaci\u00f3n entre el result<span class=\"__1 _5\"></span>ado contab<span class=\"__1 _5\"></span>le y la base impo<span class=\"__1 _5\"></span>nible del<span class=\"__1 _1bc\"> </span></span></span>Impuesto sob<span class=\"__1 _5\"></span>re Sociedades<span class=\"__1 _1bc\"> </span>La <span class=\"__1 _6\"></span>conciliaci\u00f3n <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>resultado <span class=\"__1 _6\"></span>contable <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>base <span class=\"__1 _6\"></span>imponible <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>Impuesto <span class=\"__1 _6\"></span>sob<span class=\"__1 _6\"></span>re Beneficios <span class=\"__1 _6\"></span>a <span class=\"__1 _6\"></span>31 <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>diciembre<span class=\"__1 _1bc\"> </span>de 2023 y 2022 es como s<span class=\"__1 _6\"></span>igue:<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> Euros<span class=\"__1 _199\"> </span>A<span class=\"__1 _70\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _8\"></span>vo<span class=\"__1 _41\"> </span>Pa<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>vo<span class=\"__1 _92\"> </span>A<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vo<span class=\"__1 _41\"> </span>Pa<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>vo<span class=\"__1 _1bc\"> </span>Pa<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>t<span class=\"__1 _6\"></span>ida<span class=\"__1 _70\"></span>s no c<span class=\"__1 _5\"></span>orr<span class=\"__1 _6\"></span>ie<span class=\"__1 _6\"></span>nt<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>s-<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _70\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _8\"></span>vo po<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>mpue<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>os<span class=\"__1 _8\"></span> di<span class=\"__1 _8\"></span>feri<span class=\"__1 _8\"></span>dos<span class=\"__1 _193\"> </span><span class=\"lsa1\">           94.99<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span> <span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _c4\"> </span>           8<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.707<span class=\"__1 _6\"></span> <span class=\"__1 _119\"> </span>                     -  </span>Pa<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>vo po<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>mpue<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>tos<span class=\"__1 _8\"></span> di<span class=\"__1 _8\"></span>feri<span class=\"__1 _8\"></span>dos<span class=\"__1 _f3\"> </span><span class=\"lsa1\">          (26<span class=\"__1 _6\"></span>.99<span class=\"__1 _6\"></span>8)<span class=\"__1 _d0\"> </span>                     -   <span class=\"__1 _51\"> </span>          (27<span class=\"__1 _6\"></span>.71<span class=\"__1 _6\"></span>8)<span class=\"__1 _d0\"> </span>                     -  </span>T<span class=\"__1 _5\"></span>ot<span class=\"__1 _6\"></span>a<span class=\"__1 _5\"></span>l<span class=\"__1 _200\"> </span>67<span class=\"__1 _6\"></span>.99<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span><span class=\"ff4 lsa1\">                     -   <span class=\"__1 _29\"> </span></span>5<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.989<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span><span class=\"ff4 lsa1\">                     -  </span>Pa<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>t<span class=\"__1 _6\"></span>ida<span class=\"__1 _70\"></span>s corrie<span class=\"__1 _6\"></span>nt<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>s-<span class=\"__1 _1bc\"> </span>Ha<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>enda<span class=\"__1 _6\"></span> P<span class=\"__1 _6\"></span>\u00fabl<span class=\"__1 _4\"></span>i<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span> por<span class=\"__1 _6\"></span> I<span class=\"__1 _8\"></span>VA<span class=\"__1 _70\"></span> <span class=\"__1 _18c\"> </span><span class=\"lsa1\">              7.931<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>              3<span class=\"__1 _6\"></span>.79<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span> <span class=\"__1 _187\"> </span>           2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.555<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>              4.10<span class=\"__1 _6\"></span>1<span class=\"__1 _1bc\"> </span></span>I<span class=\"__1 _6\"></span>mpues<span class=\"__1 _6\"></span>to de<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>Soc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>eda<span class=\"__1 _6\"></span>des<span class=\"__1 _6\"></span> del<span class=\"__1 _6\"></span> ej<span class=\"__1 _6\"></span>erc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span> c<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ent<span class=\"__1 _70\"></span>e<span class=\"__1 _106\"> </span><span class=\"lsa1\">           1<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>.993<span class=\"__1 _6\"></span> <span class=\"__1 _d1\"> </span>                   44<span class=\"__1 _6\"></span> <span class=\"__1 _a8\"> </span>              8.02<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>                   1<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span></span>Ha<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>enda<span class=\"__1 _6\"></span> P<span class=\"__1 _6\"></span>\u00fabl<span class=\"__1 _4\"></span>i<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span> por<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>vers<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span> c<span class=\"__1 _6\"></span>onc<span class=\"__1 _6\"></span>ept<span class=\"__1 _5\"></span>os<span class=\"__1 _af\"> </span><span class=\"lsa1\">                 3<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>              5<span class=\"__1 _6\"></span>.374<span class=\"__1 _6\"></span> <span class=\"__1 _a8\"> </span>                 45<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              4.68<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span></span>T<span class=\"__1 _5\"></span>ot<span class=\"__1 _6\"></span>a<span class=\"__1 _5\"></span>l<span class=\"__1 _200\"> </span>23<span class=\"__1 _6\"></span>.30<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span> <span class=\"__1 _8b\"> </span>9.20<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _1f\"> </span>2<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>.03<span class=\"__1 _6\"></span>8 <span class=\"__1 _8b\"> </span>8<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>7<span class=\"__1 _6\"></span>97<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>23<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>22<span class=\"__1 _1bc\"> </span>  <span class=\"ls0_1\">(*) El resultado an<span class=\"__1 _6\"></span>tes de impuestos<span class=\"__1 _6\"></span> procede \u00edn<span class=\"__1 _6\"></span>tegramente de operaciones co<span class=\"__1 _6\"></span>ntinuadas<span class=\"__1 _1bc\"> </span></span>La partida <span class=\"__1 _70\"></span>\u201c<span class=\"__1 _6\"></span>Diferencias <span class=\"__1 _5\"></span>permanentes\u201d<span class=\"__1 _6\"></span> comprende <span class=\"__1 _70\"></span>los<span class=\"__1 _6\"></span> gastos<span class=\"__1 _5\"></span> e <span class=\"__1 _70\"></span>ingresos<span class=\"__1 _6\"></span> contables <span class=\"__1 _70\"></span>qu<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>o <span class=\"__1 _5\"></span>son computables <span class=\"__1 _5\"></span>de<span class=\"__1 _1bc\"> </span>acuerdo <span class=\"__1 _8\"></span>con<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>legislaci\u00f3n <span class=\"__1 _8\"></span>fiscal <span class=\"__1 _4\"></span>aplicable. <span class=\"__1 _8\"></span>Ad<span class=\"__1 _6\"></span>icionalmente, <span class=\"__1 _4\"></span>tambi\u00e9n <span class=\"__1 _8\"></span>incorpora <span class=\"__1 _4\"></span>aquellos <span class=\"__1 _4\"></span>resultados <span class=\"__1 _8\"></span>qu<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>son<span class=\"__1 _1bc\"> </span>objeto de <span class=\"__1 _70\"></span>eli<span class=\"__1 _6\"></span>minaci\u00f3n en e<span class=\"__1 _5\"></span>l proceso de <span class=\"__1 _70\"></span>con<span class=\"__1 _6\"></span>solidaci\u00f3n pero que, <span class=\"__1 _5\"></span>sin embargo, <span class=\"__1 _5\"></span>tienen plena eficacia <span class=\"__1 _5\"></span>fiscal en <span class=\"__1 _5\"></span>el<span class=\"__1 _1bc\"> </span>\u00e1mbito de las liqu<span class=\"__1 _6\"></span>idaciones fiscales in<span class=\"__1 _6\"></span>dividuales de las<span class=\"__1 _6\"></span> correspondientes<span class=\"__1 _6\"></span> entidades del Grup<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span>Las <span class=\"__1 _8\"></span>diferencias <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>ermanentes <span class=\"__1 _8\"></span>negativ<span class=\"__1 _6\"></span>as <span class=\"__1 _8\"></span>con <span class=\"__1 _8\"></span>origen <span class=\"__1 _6\"></span>en <span class=\"__1 _8\"></span>resultado<span class=\"__1 _6\"></span>s <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>2023 <span class=\"__1 _6\"></span>se <span class=\"__1 _8\"></span>correspond<span class=\"__1 _6\"></span>en, <span class=\"__1 _8\"></span>principalmente,<span class=\"__1 _1bc\"> </span>con la <span class=\"__1 _6\"></span>no su<span class=\"__1 _6\"></span>jeci\u00f3n a trib<span class=\"__1 _6\"></span>utaci\u00f3n del <span class=\"__1 _6\"></span>95% de las<span class=\"__1 _6\"></span> plusval\u00edas <span class=\"__1 _6\"></span>obtenidas en <span class=\"__1 _6\"></span>la venta d<span class=\"__1 _6\"></span>e participaciones <span class=\"__1 _6\"></span>tenedoras<span class=\"__1 _1bc\"> </span>de <span class=\"__1 _8\"></span>proyectos <span class=\"__1 _8\"></span>fotov<span class=\"__1 _6\"></span>oltaicos <span class=\"__1 _8\"></span>as\u00ed <span class=\"__1 _8\"></span>como <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>dividendos <span class=\"__1 _8\"></span>recibido<span class=\"__1 _6\"></span>s. <span class=\"__1 _8\"></span>Por <span class=\"__1 _8\"></span>su <span class=\"__1 _8\"></span>parte, <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>diferencias <span class=\"__1 _8\"></span>permanentes<span class=\"__1 _1bc\"> </span>positivas <span class=\"__1 _c6\"> </span>en <span class=\"__1 _c8\"> </span>2022 <span class=\"__1 _c6\"> </span>se <span class=\"__1 _c6\"> </span>corresponden <span class=\"__1 _c6\"> </span>principalmente <span class=\"__1 _c6\"> </span>con <span class=\"__1 _c6\"> </span>dotaciones <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c8\"> </span>d<span class=\"__1 _6\"></span>eterioros <span class=\"__1 _c8\"> </span>s<span class=\"__1 _6\"></span>obre <span class=\"__1 _c8\"> </span>sobre  activos <span class=\"__1 _c8\"> </span>no<span class=\"__1 _1bc\"> </span>financieros no reconocido<span class=\"__1 _6\"></span>s como diferencia te<span class=\"__1 _6\"></span>mporal<span class=\"__1 _6\"></span>.<span class=\"__1 _1bc\"> </span>A <span class=\"__1 _6\"></span>trav\u00e9s <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>Ley <span class=\"__1 _6\"></span>38/2022, <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>27 <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>dic<span class=\"__1 _6\"></span>iembre, <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>incorpo<span class=\"__1 _6\"></span>ra <span class=\"__1 _8\"></span>una <span class=\"__1 _6\"></span>medida <span class=\"__1 _8\"></span>fiscal <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>car\u00e1<span class=\"__1 _6\"></span>cter <span class=\"__1 _6\"></span>temporal <span class=\"__1 _8\"></span>por <span class=\"__1 _6\"></span>la<span class=\"__1 _1bc\"> </span>que<span class=\"ls0_1\"> se <span class=\"__1 _4\"></span>limita <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>importe <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>las <span class=\"__1 _4\"></span>bases <span class=\"__1 _4\"></span>imponibles <span class=\"__1 _4\"></span>negativas <span class=\"__1 _4\"></span>ind<span class=\"__1 _6\"></span>ividuales <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>cada <span class=\"__1 _4\"></span>una <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>las <span class=\"__1 _4\"></span>entidades <span class=\"__1 _4\"></span>que<span class=\"__1 _1bc\"> </span></span>integran <span class=\"__1 _c6\"> </span>el <span class=\"__1 _ca\"> </span>grupo <span class=\"__1 _c6\"> </span>fiscal  en <span class=\"__1 _c8\"> </span>el <span class=\"__1 _ca\"> </span>Impuesto <span class=\"__1 _ca\"> </span>sobre <span class=\"__1 _c6\"> </span>Sociedad<span class=\"__1 _6\"></span>es <span class=\"__1 _c6\"> </span>en <span class=\"__1 _ca\"> </span>un <span class=\"__1 _c6\"> </span>50%.<span class=\"__1 _6\"></span>  El <span class=\"__1 _c8\"> </span>importe  e<span class=\"__1 _5\"></span>n <span class=\"__1 _c6\"> </span>el <span class=\"__1 _c6\"> </span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _c6\"> </span>se <span class=\"__1 _ca\"> </span>limita <span class=\"__1 _c6\"> </span>la<span class=\"__1 _1bc\"> </span>compensaci\u00f3n <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>las <span class=\"__1 _c8\"></span>bases <span class=\"__1 _4\"></span>imponibles <span class=\"__1 _4\"></span>negativ<span class=\"__1 _6\"></span>as<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>se <span class=\"__1 _c8\"></span>recuperar\u00e1 <span class=\"__1 _4\"></span>en <span class=\"__1 _4\"></span>la <span class=\"__1 _c8\"> </span>base <span class=\"__1 _4\"></span>imponible <span class=\"__1 _c8\"></span>del <span class=\"__1 _4\"></span>grupo <span class=\"__1 _c8\"></span>fiscal, <span class=\"__1 _4\"></span>v\u00eda<span class=\"__1 _1bc\"> </span>ajuste <span class=\"__1 _8\"></span>negativo <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>or <span class=\"__1 _8\"></span>d\u00e9cimas <span class=\"__1 _8\"></span>partes <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>cada <span class=\"__1 _8\"></span>un<span class=\"__1 _6\"></span>o <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>diez <span class=\"__1 _8\"></span>primeros <span class=\"__1 _8\"></span>periodos<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>impositivos <span class=\"__1 _8\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>inicien <span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span>partir del 1 de enero de <span class=\"__1 _6\"></span>2024. 32.3<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Conciliaci\u00f3n entre el resu<span class=\"__1 _5\"></span>ltado conta<span class=\"__1 _5\"></span>ble y el gasto po<span class=\"__1 _5\"></span>r Impuesto<span class=\"__1 _1bc\"> </span></span></span>sobre Sociedad<span class=\"__1 _5\"></span>es<span class=\"__1 _1bc\"> </span>La conciliaci\u00f3n del resu<span class=\"__1 _6\"></span>ltado contable y<span class=\"__1 _6\"></span> la base imponib<span class=\"__1 _6\"></span>le del Impuesto sobre Sociedades<span class=\"__1 _6\"></span> a 31 de<span class=\"__1 _1bc\"> </span>diciembre de 2023 y 2022 es<span class=\"__1 _6\"></span> como sigue<span class=\"__1 _6\"></span><span class=\"ff3_1\">:<span class=\"__1 _1bc\"> </span></span>Miles <span class=\"__1 _6\"></span>de Euros<span class=\"__1 _1bc\"> </span>2023<span class=\"__1 _15\"> </span>2022<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _6\"></span>sultado<span class=\"__1 _5\"></span> antes de<span class=\"__1 _6\"></span> impues<span class=\"__1 _6\"></span>tos (*<span class=\"__1 _5\"></span>)         (33.169)<span class=\"__1 _c1\"> </span>         25<span class=\"__1 _6\"></span>3.589<span class=\"__1 _1bc\"> </span>Dif<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>renc<span class=\"__1 _5\"></span>ias permanente<span class=\"__1 _5\"></span>s-<span class=\"__1 _1bc\"> </span>Con origen e<span class=\"__1 _5\"></span>n resultados         (15.939)<span class=\"__1 _c1\"> </span>           12<span class=\"__1 _6\"></span>.681<span class=\"__1 _1bc\"> </span>Con origen e<span class=\"__1 _5\"></span>n resultados<span class=\"__1 _6\"></span> - Conce<span class=\"__1 _5\"></span>si\u00f3n <span class=\"__1 _6\"></span>Pontevedra (Nota 31<span class=\"__1 _6\"></span>)                      - <span class=\"__1 _cf\"> </span>       (163.830)<span class=\"__1 _1bc\"> </span>Con origen e<span class=\"__1 _5\"></span>n patrim<span class=\"__1 _6\"></span>onio                 (37)<span class=\"__1 _cc\"> </span>                 (45<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span>Dif<span class=\"__1 _5\"></span>re<span class=\"__1 _5\"></span>ncias t<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>m<span class=\"__1 _6\"></span>porale<span class=\"__1 _5\"></span>s-<span class=\"__1 _1bc\"> </span>Con origen e<span class=\"__1 _5\"></span>n el e<span class=\"__1 _70\"></span>jercicio            (4.<span class=\"__1 _5\"></span>376<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>           24<span class=\"__1 _6\"></span>.052<span class=\"__1 _1bc\"> </span>Con origen e<span class=\"__1 _5\"></span>n eje<span class=\"__1 _70\"></span>rcicio anteriore<span class=\"__1 _5\"></span>s         (10.194)<span class=\"__1 _c1\"> </span>            (9.317)<span class=\"__1 _1bc\"> </span>Ajust<span class=\"__1 _6\"></span>es de consolidaci\u00f3n            (1.<span class=\"__1 _5\"></span>683<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>            (6.185)<span class=\"__1 _1bc\"> </span>Limit<span class=\"__1 _6\"></span>aci\u00f3n a la compensaci\u00f3n de base<span class=\"__1 _5\"></span>s i<span class=\"__1 _6\"></span>mponi<span class=\"__1 _6\"></span>bles nega<span class=\"__1 _5\"></span>tiv<span class=\"__1 _6\"></span>as           45.303<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>                      -<span class=\"__1 _1bc\"> </span>Compensaci\u00f3n de base<span class=\"__1 _5\"></span>s <span class=\"__1 _6\"></span>imp<span class=\"__1 _6\"></span>onibles nega<span class=\"__1 _5\"></span>tiv<span class=\"__1 _6\"></span>as            (5.<span class=\"__1 _5\"></span>855<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>         (24.959)<span class=\"__1 _1bc\"> </span>Base<span class=\"__1 _6\"></span> I<span class=\"__1 _6\"></span>mponib<span class=\"__1 _5\"></span>le         (25.95<span class=\"__1 _6\"></span>0)<span class=\"__1 _d1\"> </span>           85.<span class=\"__1 _6\"></span>986  <span class=\"ls0_1\">(*) El resultado an<span class=\"__1 _6\"></span>tes de impuestos p<span class=\"__1 _6\"></span>rocede \u00edntegramente de op<span class=\"__1 _6\"></span>eraciones continuad<span class=\"__1 _6\"></span>as<span class=\"__1 _1bc\"> </span></span>La  partida  \u201c<span class=\"ff4\">Reconocimiento <span class=\"__1 _ca\"> </span>/  (cancelaci\u00f3n) <span class=\"__1 _c6\"> </span>de  bases  imponibles  negativas <span class=\"__1 _ca\"> </span>y  diferencias <span class=\"__1 _c6\"> </span>tempora<span class=\"__1 _6\"></span>les  de<span class=\"__1 _1bc\"> </span></span>ejercicios an<span class=\"__1 _6\"></span>teriores<span class=\"ff6\">\u201d <span class=\"__1 _6\"></span>recoge el <span class=\"__1 _6\"></span>impacto <span class=\"__1 _6\"></span></span>de reconoc<span class=\"__1 _6\"></span>er y/o <span class=\"__1 _6\"></span>dar <span class=\"__1 _6\"></span>de baja<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>como activo<span class=\"__1 _6\"></span> determinadas<span class=\"__1 _6\"></span> diferencias<span class=\"__1 _1bc\"> </span>temporales y bas<span class=\"__1 _6\"></span>es imponibles negativas<span class=\"__1 _6\"></span> (BIN\u00b4s) acreditadas en ejercicios a<span class=\"__1 _6\"></span>nteriores<span class=\"__1 _6\"></span><span class=\"ls17\">. </span>Por <span class=\"__1 _4\"></span>su <span class=\"__1 _c8\"></span>parte, <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>dis<span class=\"__1 _6\"></span>tribuci\u00f3n <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>Gasto<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>por <span class=\"__1 _4\"></span>impues<span class=\"__1 _6\"></span>to <span class=\"__1 _4\"></span>sobre <span class=\"__1 _4\"></span>Sociedades <span class=\"__1 _c8\"></span>por <span class=\"__1 _4\"></span>los <span class=\"__1 _c8\"></span>distintos <span class=\"__1 _4\"></span>con<span class=\"__1 _6\"></span>ceptos <span class=\"__1 _4\"></span>que <span class=\"__1 _c8\"></span>lo<span class=\"__1 _1bc\"> </span>conforman en 2023 y<span class=\"__1 _6\"></span> 2022 es <span class=\"__1 _6\"></span>la siguiente:<span class=\"__1 _1bc\"> </span>32.4<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\"> Activos y pasivos por i<span class=\"__1 _5\"></span>mpuesto diferido <span class=\"__1 _5\"></span>reconocidos<span class=\"__1 _1bc\"> </span></span></span>Las <span class=\"__1 _8\"></span>variacion<span class=\"__1 _6\"></span>es <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>han <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>roducido <span class=\"__1 _8\"></span>dura<span class=\"__1 _6\"></span>nte <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>ejercicios <span class=\"__1 _8\"></span>2023 <span class=\"__1 _8\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>2022 <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>esto<span class=\"__1 _6\"></span>s <span class=\"__1 _8\"></span>ep\u00edgrafes <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>Es<span class=\"__1 _6\"></span>tado <span class=\"__1 _8\"></span>de<span class=\"__1 _1bc\"> </span>Situaci\u00f3n Financiera Cons<span class=\"__1 _6\"></span>olidado han<span class=\"__1 _6\"></span> sido las siguientes:<span class=\"__1 _1bc\"> </span>Activos por Impuesto D<span class=\"__1 _6\"></span>iferido<span class=\"__1 _1bc\"> </span>Miles de<span class=\"__1 _6\"></span> Euros<span class=\"__1 _1bc\"> </span>2023<span class=\"__1 _ee\"> </span>2022<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _6\"></span>sultado<span class=\"__1 _5\"></span> antes de<span class=\"__1 _6\"></span> impuest<span class=\"__1 _6\"></span>os (*<span class=\"__1 _5\"></span>)         (33.169)<span class=\"__1 _c1\"> </span>         253.589<span class=\"__1 _1bc\"> </span>Dif<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>renc<span class=\"__1 _5\"></span>ias permanentes-<span class=\"__1 _1bc\"> </span>Con origen e<span class=\"__1 _5\"></span>n resultados         (15.939)<span class=\"__1 _c1\"> </span>           12.681<span class=\"__1 _1bc\"> </span>Con origen e<span class=\"__1 _5\"></span>n resultados<span class=\"__1 _6\"></span> - Conce<span class=\"__1 _5\"></span>si\u00f3n <span class=\"__1 _6\"></span>Pontevedra (Nota 31<span class=\"__1 _6\"></span>)                      - <span class=\"__1 _ce\"> </span>       (163<span class=\"__1 _6\"></span>.830)<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _70\"></span>conocim<span class=\"__1 _6\"></span>iento / <span class=\"__1 _6\"></span>(Canc<span class=\"__1 _5\"></span>ela<span class=\"__1 _5\"></span>ci\u00f3n ) de base<span class=\"__1 _5\"></span>s i<span class=\"__1 _6\"></span>mponi<span class=\"__1 _6\"></span>bles nega<span class=\"__1 _5\"></span>tiv<span class=\"__1 _6\"></span>as<span class=\"__1 _1bc\"> </span>y difere<span class=\"__1 _5\"></span>ncias temporales de e<span class=\"__1 _5\"></span>je<span class=\"__1 _5\"></span>rcicios anteriores             6.851 <span class=\"__1 _d1\"> </span>         (81.927)<span class=\"__1 _1bc\"> </span>Eliminaci\u00f3n del re<span class=\"__1 _5\"></span>sul<span class=\"__1 _6\"></span>tado de las entidades no residentes e<span class=\"__1 _5\"></span>n<span class=\"__1 _1bc\"> </span>Espa\u00f1a               (168)<span class=\"__1 _cf\"> </span>                228<span class=\"__1 _1bc\"> </span>Eliminaciones / <span class=\"__1 _6\"></span>incorporacione<span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span> de consolidaci\u00f3n            (1.<span class=\"__1 _5\"></span>600<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>            (5.<span class=\"__1 _5\"></span>610<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span>Base<span class=\"__1 _6\"></span> I<span class=\"__1 _6\"></span>mponib<span class=\"__1 _5\"></span>le         (44.02<span class=\"__1 _6\"></span>5)<span class=\"__1 _cc\"> </span>           15<span class=\"__1 _6\"></span>.13<span class=\"__1 _6\"></span>1<span class=\"__1 _1bc\"> </span>Cuota         (11.00<span class=\"__1 _6\"></span>6)<span class=\"__1 _cc\"> </span>             3.<span class=\"__1 _6\"></span>783<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _70\"></span>ducciones y ajust<span class=\"__1 _6\"></span>es im<span class=\"__1 _6\"></span>posi<span class=\"__1 _6\"></span>tiv<span class=\"__1 _6\"></span>os <span class=\"__1 _6\"></span>del e<span class=\"__1 _70\"></span>jercicio ante<span class=\"__1 _5\"></span>rior            (1.<span class=\"__1 _5\"></span>009<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>                861<span class=\"__1 _1bc\"> </span>Imposi<span class=\"__1 _6\"></span>ci\u00f3n sociedde<span class=\"__1 _5\"></span>s no <span class=\"__1 _6\"></span>residente<span class=\"__1 _5\"></span>s en Espa\u00f1a                 (84)<span class=\"__1 _cc\"> </span>                   19<span class=\"__1 _1bc\"> </span>Gasto / (<span class=\"__1 _5\"></span>Ingre<span class=\"__1 _6\"></span>so)  por Impues<span class=\"__1 _6\"></span>to sobre B<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>neficio<span class=\"__1 _5\"></span>s         (12.09<span class=\"__1 _6\"></span>9)<span class=\"__1 _cc\"> </span>             4.<span class=\"__1 _6\"></span>663<span class=\"__1 _1bc\"> </span>Miles de <span class=\"__1 _6\"></span>Eur<span class=\"__1 _5\"></span>os<span class=\"__1 _1bc\"> </span>2023<span class=\"__1 _a\"> </span>2022<span class=\"__1 _1bc\"> </span>Impuesto corrrie<span class=\"__1 _5\"></span>nte y otros                735<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>           15.079<span class=\"__1 _1bc\"> </span>Por im<span class=\"__1 _6\"></span>puesto dife<span class=\"__1 _5\"></span>rido         (12.834)<span class=\"__1 _c1\"> </span>         (<span class=\"__1 _5\"></span>10.416)<span class=\"__1 _1bc\"> </span>Gasto /<span class=\"__1 _5\"></span> (Ingreso)  por<span class=\"__1 _5\"></span> I<span class=\"__1 _6\"></span>mpuesto sobre B<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>nefici<span class=\"__1 _70\"></span>os         (12.099<span class=\"__1 _6\"></span>)<span class=\"__1 _cc\"> </span>             4.<span class=\"__1 _6\"></span>663<span class=\"__1 _1bc\"> </span>La <span class=\"__1 _8\"></span>Ley <span class=\"__1 _4\"></span>27/2014, <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>27 <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>noviembre, <span class=\"__1 _4\"></span>del <span class=\"__1 _6\"></span>I<span class=\"__1 _6\"></span>mpuesto <span class=\"__1 _4\"></span>sobre <span class=\"__1 _8\"></span>Sociedades <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>limin\u00f3 <span class=\"__1 _4\"></span>con <span class=\"__1 _8\"></span>efectos <span class=\"__1 _4\"></span>1 <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>enero <span class=\"__1 _8\"></span>de<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span>2015 <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>plazo<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>establecido <span class=\"__1 _4\"></span>para <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>compensaci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>bases <span class=\"__1 _8\"></span>imponib<span class=\"__1 _6\"></span>les <span class=\"__1 _8\"></span>negativas<span class=\"__1 _6\"></span>, <span class=\"__1 _8\"></span>por <span class=\"__1 _4\"></span>lo <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>pas\u00f3 <span class=\"__1 _4\"></span>a <span class=\"__1 _8\"></span>ser<span class=\"__1 _1bc\"> </span>ilimitado, y ampli\u00f3 al menos<span class=\"__1 _6\"></span> a 15 a\u00f1<span class=\"__1 _6\"></span>os el plazo general d<span class=\"__1 _6\"></span>e compensaci\u00f3n de las<span class=\"__1 _6\"></span> deducciones.<span class=\"__1 _1bc\"> </span>Los activos <span class=\"__1 _5\"></span>por <span class=\"__1 _5\"></span>impuestos diferidos se <span class=\"__1 _70\"></span>corres<span class=\"__1 _6\"></span>ponden con <span class=\"__1 _70\"></span>deterioros sobre activos, <span class=\"__1 _5\"></span>provisiones, deducciones<span class=\"__1 _1bc\"> </span>bases imponib<span class=\"__1 _6\"></span>les pendientes <span class=\"__1 _6\"></span>de aplicar/compens<span class=\"__1 _6\"></span>ar, y diferencias en<span class=\"__1 _6\"></span>tre amortizaciones<span class=\"__1 _6\"></span> contab<span class=\"__1 _8\"></span>les y fis<span class=\"__1 _6\"></span>cales<span class=\"__1 _1bc\"> </span>derivadas <span class=\"__1 _4\"></span>principalmente <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>limitaci\u00f3n <span class=\"__1 _8\"></span>a <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>deducibilidad<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>amortizaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>contable <span class=\"__1 _8\"></span>in<span class=\"__1 _6\"></span>troducida <span class=\"__1 _4\"></span>con<span class=\"__1 _1bc\"> </span>car\u00e1cter temporal par<span class=\"__1 _6\"></span>a los ejercicios 2013 y 2014<span class=\"__1 _6\"></span>. ENCE <span class=\"__1 _ce\"> </span>s<span class=\"__1 _6\"></span>\u00f3lo <span class=\"__1 _ce\"> </span>reconoce <span class=\"__1 _ce\"> </span>activo<span class=\"__1 _6\"></span>s <span class=\"__1 _ce\"> </span>por <span class=\"__1 _ce\"> </span>impu<span class=\"__1 _6\"></span>esto <span class=\"__1 _ce\"> </span>diferido <span class=\"__1 _ce\"> </span>cuando <span class=\"__1 _cf\"> </span>considera <span class=\"__1 _ce\"> </span>prob<span class=\"__1 _6\"></span>able <span class=\"__1 _ce\"> </span>que <span class=\"__1 _cc\"> </span>las <span class=\"__1 _ce\"> </span>entidad<span class=\"__1 _6\"></span>es<span class=\"__1 _1bc\"> </span>(individualmente  o  de <span class=\"__1 _c6\"> </span>forma  consolidada)  que <span class=\"__1 _ca\"> </span>los  han <span class=\"__1 _c6\"> </span>generado  van  a<span class=\"__1 _5\"></span>  tener <span class=\"__1 _c6\"> </span>en  el <span class=\"__1 _ca\"> </span>futuro  suficientes<span class=\"__1 _1bc\"> </span>ganancias fiscales<span class=\"__1 _6\"></span> con las qu<span class=\"__1 _6\"></span>e hacerlos efectivos.<span class=\"__1 _1bc\"> </span>Miles de<span class=\"__1 _6\"></span> Euros<span class=\"__1 _1bc\"> </span>A\u00f1o<span class=\"__1 _5\"></span> 20<span class=\"__1 _6\"></span>23<span class=\"__1 _1bc\"> </span>Impue<span class=\"__1 _6\"></span>stos diferidos de activo<span class=\"__1 _5\"></span> reconocido<span class=\"__1 _5\"></span>s e<span class=\"__1 _6\"></span>n res<span class=\"__1 _6\"></span>ulta<span class=\"__1 _5\"></span>dos-<span class=\"__1 _1bc\"> </span>Amort<span class=\"__1 _6\"></span>izaci\u00f3n de activos<span class=\"__1 _6\"></span> no corrientes             1.879 <span class=\"__1 _cf\"> </span>                      - <span class=\"__1 _c9\"> </span>                    (940<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>                      - <span class=\"__1 _c9\"> </span>                93<span class=\"__1 _6\"></span>9<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _70\"></span>t<span class=\"__1 _6\"></span>erioro e<span class=\"__1 _5\"></span>n activos<span class=\"__1 _6\"></span> no corrientes             5.800 <span class=\"__1 _cf\"> </span>                253 <span class=\"__1 _cc\"> </span>                 (2.769)<span class=\"__1 _c9\"> </span>                535<span class=\"__1 _6\"></span> <span class=\"__1 _cc\"> </span>             3.819<span class=\"__1 _1bc\"> </span>Provis<span class=\"__1 _6\"></span>iones             3.259 <span class=\"__1 _cf\"> </span>                      - <span class=\"__1 _c9\"> </span>                    (635<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>                     1 <span class=\"__1 _cd\"> </span>             2.625<span class=\"__1 _1bc\"> </span>Comprom<span class=\"__1 _6\"></span>isos<span class=\"__1 _6\"></span> con el personal             1.460 <span class=\"__1 _cf\"> </span>                336 <span class=\"__1 _cc\"> </span>                        (1)<span class=\"__1 _cc\"> </span>                   94 <span class=\"__1 _c9\"> </span>             1.889<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _70\"></span>t<span class=\"__1 _6\"></span>erioro activos corrientes             2.577 <span class=\"__1 _cf\"> </span>                314 <span class=\"__1 _cc\"> </span>                    (433<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>                   (1)<span class=\"__1 _cf\"> </span>             2.457<span class=\"__1 _1bc\"> </span>Limit<span class=\"__1 _6\"></span>aci\u00f3n gastos<span class=\"__1 _6\"></span> financie<span class=\"__1 _5\"></span>ros y<span class=\"__1 _6\"></span> otros                118 <span class=\"__1 _cc\"> </span>                      - <span class=\"__1 _cd\"> </span>                      (42)<span class=\"__1 _ce\"> </span>                 (16)<span class=\"__1 _ce\"> </span>                   6<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span>Arrendamientos (IFRS-16)             7.693 <span class=\"__1 _cf\"> </span>                293 <span class=\"__1 _cc\"> </span>                           - <span class=\"__1 _cd\"> </span>                   88 <span class=\"__1 _c9\"> </span>             8<span class=\"__1 _6\"></span>.074<span class=\"__1 _1bc\"> </span>Socieda<span class=\"__1 _5\"></span>des no residentes y ajust<span class=\"__1 _6\"></span>es de consolidaci\u00f3n             3.374 <span class=\"__1 _cf\"> </span>                   12 <span class=\"__1 _c9\"> </span>                    (159)<span class=\"__1 _cd\"> </span>                 (88)<span class=\"__1 _ce\"> </span>             3<span class=\"__1 _6\"></span>.139<span class=\"__1 _1bc\"> </span>Base<span class=\"__1 _5\"></span>s Im<span class=\"__1 _6\"></span>ponibles Negativas           44.583 <span class=\"__1 _ce\"> </span>           18.375 <span class=\"__1 _ce\"> </span>                 (1.<span class=\"__1 _5\"></span>482<span class=\"__1 _6\"></span>)<span class=\"__1 _cb\"> </span>            (1.201)<span class=\"__1 _c9\"> </span>           60.275<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _70\"></span>ducciones             9.875 <span class=\"__1 _cf\"> </span>                     4 <span class=\"__1 _cd\"> </span>                        (6)<span class=\"__1 _cf\"> </span>             1<span class=\"__1 _6\"></span>.405 <span class=\"__1 _cf\"> </span>           11.278           80.<span class=\"__1 _6\"></span>618<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>           19.<span class=\"__1 _6\"></span>587 <span class=\"__1 _c9\"> </span>                (6.4<span class=\"__1 _6\"></span>67)<span class=\"__1 _cc\"> </span>                817 <span class=\"__1 _cc\"> </span>           9<span class=\"__1 _6\"></span>4.5<span class=\"__1 _6\"></span>55<span class=\"__1 _1bc\"> </span>Impue<span class=\"__1 _6\"></span>stos diferidos de activo<span class=\"__1 _5\"></span> reconocido<span class=\"__1 _5\"></span>s e<span class=\"__1 _6\"></span>n patri<span class=\"__1 _5\"></span>monio-<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _70\"></span>riv<span class=\"__1 _6\"></span>ados de cobertura (Nota 30<span class=\"__1 _6\"></span>)                   89 <span class=\"__1 _c9\"> </span>                70<span class=\"__1 _6\"></span>6 <span class=\"__1 _cc\"> </span>                    (353)<span class=\"__1 _cd\"> </span>                   (1)<span class=\"__1 _cf\"> </span>                44<span class=\"__1 _6\"></span>1                   89 <span class=\"__1 _c9\"> </span>                70<span class=\"__1 _6\"></span>6 <span class=\"__1 _cc\"> </span>                    (353)<span class=\"__1 _cd\"> </span>                   (<span class=\"__1 _5\"></span>1)<span class=\"__1 _cf\"> </span>                4<span class=\"__1 _6\"></span>41<span class=\"__1 _1bc\"> </span>To<span class=\"__1 _5\"></span>tal           80.<span class=\"__1 _6\"></span>707<span class=\"__1 _6\"></span> <span class=\"__1 _202\"> </span>           94.<span class=\"__1 _6\"></span>996<span class=\"__1 _1bc\"> </span>Sal<span class=\"__1 _5\"></span>do a<span class=\"__1 _5\"></span>l<span class=\"__1 _1bc\"> </span>01<span class=\"__1 _6\"></span>/01/20<span class=\"__1 _6\"></span>23<span class=\"__1 _1bc\"> </span>Sal<span class=\"__1 _5\"></span>do a<span class=\"__1 _5\"></span>l<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/12/20<span class=\"__1 _6\"></span>23<span class=\"__1 _1bc\"> </span>Tra<span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>pasos y<span class=\"__1 _1bc\"> </span>otros<span class=\"__1 _1bc\"> </span>Disminucio<span class=\"__1 _5\"></span>nes<span class=\"__1 _1bc\"> </span>Aumentos<span class=\"__1 _1bc\"> </span>Miles de<span class=\"__1 _6\"></span> Euros<span class=\"__1 _1bc\"> </span>A\u00f1o<span class=\"__1 _5\"></span> 20<span class=\"__1 _6\"></span>22<span class=\"__1 _1bc\"> </span>Aumentos<span class=\"__1 _a8\"> </span>Disminucion<span class=\"__1 _5\"></span>es<span class=\"__1 _1bc\"> </span>Tra<span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>pasos y<span class=\"__1 _1bc\"> </span>otros<span class=\"__1 _1bc\"> </span>Impue<span class=\"__1 _6\"></span>stos diferidos de activo<span class=\"__1 _5\"></span> reconocido<span class=\"__1 _5\"></span>s e<span class=\"__1 _6\"></span>n res<span class=\"__1 _6\"></span>ulta<span class=\"__1 _5\"></span>dos-   Am<span class=\"__1 _6\"></span>ort<span class=\"__1 _6\"></span>izaci\u00f3n de activos n<span class=\"__1 _6\"></span>o corriente<span class=\"__1 _5\"></span>s             2.818 <span class=\"__1 _cf\"> </span>                      - <span class=\"__1 _cd\"> </span>                    (940)<span class=\"__1 _cd\"> </span>                     1 <span class=\"__1 _cd\"> </span>             1<span class=\"__1 _6\"></span>.879   Dete<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>ioro en activos <span class=\"__1 _6\"></span>no corrientes             2.543 <span class=\"__1 _cf\"> </span>             5.101 <span class=\"__1 _cf\"> </span>                 (1.796)<span class=\"__1 _c9\"> </span>                 (48)<span class=\"__1 _ce\"> </span>             5.800   P<span class=\"__1 _6\"></span>rovis<span class=\"__1 _6\"></span>iones             2.955 <span class=\"__1 _cf\"> </span>                307<span class=\"__1 _6\"></span> <span class=\"__1 _cc\"> </span>                        (3)<span class=\"__1 _cf\"> </span>                      - <span class=\"__1 _cd\"> </span>             3.259   Com<span class=\"__1 _6\"></span>promi<span class=\"__1 _6\"></span>sos<span class=\"__1 _6\"></span> con el pe<span class=\"__1 _5\"></span>rsonal             1.406 <span class=\"__1 _cf\"> </span>                   66 <span class=\"__1 _c9\"> </span>                      (96)<span class=\"__1 _cf\"> </span>                   84 <span class=\"__1 _c9\"> </span>             1.460   Dete<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>ioro activos<span class=\"__1 _6\"></span> corrientes             1.917 <span class=\"__1 _cf\"> </span>                716<span class=\"__1 _6\"></span> <span class=\"__1 _cc\"> </span>                      (56)<span class=\"__1 _ce\"> </span>                      - <span class=\"__1 _cd\"> </span>             2.577   Lim<span class=\"__1 _6\"></span>itaci\u00f3n gast<span class=\"__1 _6\"></span>os financieros y <span class=\"__1 _6\"></span>otros             1.567 <span class=\"__1 _cf\"> </span>                      - <span class=\"__1 _cd\"> </span>                 (1.<span class=\"__1 _5\"></span>450)<span class=\"__1 _c9\"> </span>                     1 <span class=\"__1 _ce\"> </span>                118   Arr<span class=\"__1 _6\"></span>enda<span class=\"__1 _5\"></span>mientos<span class=\"__1 _6\"></span> (IFRS-16)                      - <span class=\"__1 _c9\"> </span>             7<span class=\"__1 _6\"></span>.693 <span class=\"__1 _cf\"> </span>                           - <span class=\"__1 _cd\"> </span>                      - <span class=\"__1 _c9\"> </span>             7<span class=\"__1 _6\"></span>.693   Sociedade<span class=\"__1 _5\"></span>s no <span class=\"__1 _6\"></span>residente<span class=\"__1 _5\"></span>s y<span class=\"__1 _6\"></span> ajust<span class=\"__1 _6\"></span>es de consolidaci\u00f3n             3.618 <span class=\"__1 _cf\"> </span>                      - <span class=\"__1 _cd\"> </span>                    (244)<span class=\"__1 _cd\"> </span>                      - <span class=\"__1 _cd\"> </span>             3.374   Bases Imponibl<span class=\"__1 _6\"></span>es Nega<span class=\"__1 _5\"></span>tivas           30.339 <span class=\"__1 _ce\"> </span>                   65 <span class=\"__1 _c9\"> </span>                 (6.240)<span class=\"__1 _c9\"> </span>           20.419<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>           44<span class=\"__1 _6\"></span>.583   Deduc<span class=\"__1 _5\"></span>cione<span class=\"__1 _5\"></span>s           14.513 <span class=\"__1 _ce\"> </span>                   17 <span class=\"__1 _c9\"> </span>                 (4.696)<span class=\"__1 _c9\"> </span>                   41 <span class=\"__1 _c9\"> </span>             9<span class=\"__1 _6\"></span>.875           61.<span class=\"__1 _6\"></span>676<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>           13.<span class=\"__1 _6\"></span>965<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>              (15.52<span class=\"__1 _6\"></span>1)<span class=\"__1 _ce\"> </span>           20<span class=\"__1 _6\"></span>.49<span class=\"__1 _6\"></span>8 <span class=\"__1 _c9\"> </span>           80<span class=\"__1 _6\"></span>.6<span class=\"__1 _6\"></span>18<span class=\"__1 _1bc\"> </span>Impue<span class=\"__1 _6\"></span>stos diferidos de activo<span class=\"__1 _5\"></span> reconocido<span class=\"__1 _5\"></span>s e<span class=\"__1 _6\"></span>n patri<span class=\"__1 _5\"></span>monio-   Inst<span class=\"__1 _6\"></span>rumentos<span class=\"__1 _6\"></span> financie<span class=\"__1 _5\"></span>ros d<span class=\"__1 _6\"></span>e c<span class=\"__1 _5\"></span>obertura (Nota 32<span class=\"__1 _6\"></span>)             2.473 <span class=\"__1 _cf\"> </span>                   49 <span class=\"__1 _c9\"> </span>                 (2.434)<span class=\"__1 _c9\"> </span>                      - <span class=\"__1 _cd\"> </span>                   89             2.4<span class=\"__1 _6\"></span>73 <span class=\"__1 _ce\"> </span>                   49 <span class=\"__1 _c9\"> </span>                (2.43<span class=\"__1 _6\"></span>4)<span class=\"__1 _cc\"> </span>                      - <span class=\"__1 _c9\"> </span>                   8<span class=\"__1 _6\"></span>9<span class=\"__1 _1bc\"> </span>To<span class=\"__1 _5\"></span>tal           64.<span class=\"__1 _6\"></span>149<span class=\"__1 _6\"></span> <span class=\"__1 _32\"> </span>           80.<span class=\"__1 _6\"></span>707<span class=\"__1 _1bc\"> </span>Sal<span class=\"__1 _5\"></span>do a<span class=\"__1 _5\"></span>l<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/12/20<span class=\"__1 _6\"></span>22<span class=\"__1 _1bc\"> </span>Sal<span class=\"__1 _5\"></span>do a<span class=\"__1 _5\"></span>l<span class=\"__1 _1bc\"> </span>01<span class=\"__1 _6\"></span>/01/20<span class=\"__1 _6\"></span>22<span class=\"__1 _1bc\"> </span>En <span class=\"__1 _8\"></span>cad<span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>cierre <span class=\"__1 _8\"></span>con<span class=\"__1 _6\"></span>table <span class=\"__1 _8\"></span>se <span class=\"__1 _4\"></span>revisan <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>impues<span class=\"__1 _6\"></span>tos <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>iferidos <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>activo <span class=\"__1 _4\"></span>registrados, <span class=\"__1 _8\"></span>con<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>fin<span class=\"__1 _8\"></span> <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>comproba<span class=\"__1 _1bc\"> </span>que <span class=\"__1 _8\"></span>se <span class=\"__1 _6\"></span>mantienen <span class=\"__1 _8\"></span>vig<span class=\"__1 _6\"></span>entes <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>que <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>con<span class=\"__1 _6\"></span>sideran <span class=\"__1 _8\"></span>recuperables <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>un <span class=\"__1 _8\"></span>plazo <span class=\"__1 _8\"></span>aproximado <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>10 <span class=\"__1 _8\"></span>a\u00f1os. <span class=\"__1 _8\"></span>Dicho<span class=\"__1 _1bc\"> </span>an\u00e1lisis se basan en: (i) la <span class=\"__1 _5\"></span>consideraci\u00f3n de hip\u00f3tesis para concluir sobre existencia de <span class=\"__1 _5\"></span>suficientes ganancia<span class=\"__1 _1bc\"> </span>fiscales que <span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>ermitan compens<span class=\"__1 _6\"></span>ar dichas p\u00e9rdidas fiscales <span class=\"__1 _70\"></span>que coinciden con las <span class=\"__1 _70\"></span>u<span class=\"__1 _6\"></span>tilizadas en <span class=\"__1 _5\"></span>la ejecuci\u00f3n d<span class=\"__1 _1bc\"> </span>los tes<span class=\"__1 _6\"></span>t de <span class=\"__1 _6\"></span>deterioro so<span class=\"__1 _6\"></span>bre activos<span class=\"__1 _6\"></span> no <span class=\"__1 _6\"></span>financieros <span class=\"__1 _6\"></span>(v\u00e9ase N<span class=\"__1 _6\"></span>ota <span class=\"__1 _6\"></span><span class=\"ls12\">19</span>); y<span class=\"__1 _6\"></span> (ii) el <span class=\"__1 _6\"></span>per\u00edodo <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>l\u00edmites es<span class=\"__1 _6\"></span>tablecidos <span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span>la legislaci\u00f3n para la <span class=\"__1 _6\"></span>recuperaci\u00f3n de los<span class=\"__1 _6\"></span> cr\u00e9ditos fiscales.<span class=\"__1 _1bc\"> </span>En<span class=\"ls0_1\"> <span class=\"__1 _4\"></span>su <span class=\"__1 _4\"></span>mayor <span class=\"__1 _4\"></span>parte <span class=\"__1 _4\"></span>las <span class=\"__1 _8\"></span>BIN\u00b4s<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>deducciones <span class=\"__1 _4\"></span>acreditadas <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>podr\u00e1n <span class=\"__1 _4\"></span>compensar <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>el<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>marco <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>grupo<span class=\"__1 _1bc\"> </span></span>fiscales <span class=\"__1 _c6\"> </span>indicados. <span class=\"__1 _ca\"> </span>Tienen <span class=\"__1 _c6\"> </span>un <span class=\"__1 _c6\"> </span>car\u00e1cter <span class=\"__1 _c6\"> </span>previo<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>a <span class=\"__1 _c6\"> </span>s<span class=\"__1 _6\"></span>u <span class=\"__1 _c6\"> </span>incorp<span class=\"__1 _6\"></span>oraci\u00f3n <span class=\"__1 _c6\"> </span>al <span class=\"__1 _c6\"> </span>Grupo<span class=\"__1 _6\"></span><span class=\"ff6\">, <span class=\"__1 _c6\"> </span>BIN\u00b4s <span class=\"__1 _c6\"> </span>por <span class=\"__1 _c6\"> </span>10,6 <span class=\"__1 _c6\"> </span>mil<span class=\"__1 _6\"></span>lones <span class=\"__1 _c6\"> </span>\u20ac <span class=\"__1 _c6\"> </span></span>deducciones por 5,2 <span class=\"__1 _6\"></span>millones \u20ac.<span class=\"__1 _1bc\"> </span>Los <span class=\"__1 _4\"></span>flujos <span class=\"__1 _4\"></span>previstos <span class=\"__1 _4\"></span>permiten <span class=\"__1 _4\"></span>concluir <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>activos <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>or <span class=\"__1 _4\"></span>im<span class=\"__1 _5\"></span>puesto <span class=\"__1 _4\"></span>diferido <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>Grupo <span class=\"__1 _4\"></span>son, <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>su <span class=\"__1 _4\"></span>mayo<span class=\"__1 _1bc\"> </span>parte, <span class=\"__1 _8\"></span>recuperables <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>un <span class=\"__1 _8\"></span>plazo <span class=\"__1 _8\"></span>aproximado<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>10 <span class=\"__1 _8\"></span>a\u00f1os. <span class=\"__1 _8\"></span>El <span class=\"__1 _8\"></span>importe <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>diferencias <span class=\"__1 _8\"></span>temporales <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>base<span class=\"__1 _1bc\"> </span>imponibles <span class=\"__1 _6\"></span>negativas <span class=\"__1 _6\"></span>acredita<span class=\"__1 _6\"></span>das <span class=\"__1 _8\"></span>en Esp<span class=\"__1 _6\"></span>a\u00f1a <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>no <span class=\"__1 _6\"></span>reconocidas <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>Estad<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>Situaci\u00f3n <span class=\"__1 _6\"></span>financiera <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>31 d<span class=\"__1 _1bc\"> </span>diciembre <span class=\"__1 _cd\"> </span>de <span class=\"__1 _cd\"> </span>2023 <span class=\"__1 _cd\"> </span>asciende <span class=\"__1 _cd\"> </span>a <span class=\"__1 _cd\"> </span>14,0 <span class=\"__1 _cd\"> </span><span class=\"ff6\">millones <span class=\"__1 _cd\"> </span>\u20ac <span class=\"__1 _cd\"> </span>y <span class=\"__1 _cd\"> </span>(18,<span class=\"__1 _6\"></span>0 <span class=\"__1 _c9\"> </span>millones<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>\u20ac <span class=\"__1 _cd\"> </span>al <span class=\"__1 _c9\"> </span>31 <span class=\"__1 _cd\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _cd\"> </span>diciembre <span class=\"__1 _c9\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _cd\"> </span>2022)<span class=\"__1 _1bc\"> </span></span>Adicionalmente, <span class=\"__1 _6\"></span>no <span class=\"__1 _8\"></span>se <span class=\"__1 _6\"></span>reconocen <span class=\"__1 _8\"></span>las <span class=\"__1 _6\"></span>BIN\u00b4s <span class=\"__1 _8\"></span>acreditadas <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>Portu<span class=\"__1 _6\"></span>gal <span class=\"__1 _6\"></span>por <span class=\"__1 _8\"></span>importe <span class=\"__1 _6\"></span>de <span class=\"__1 _4\"></span>1,4 <span class=\"ff6\">millones <span class=\"__1 _8\"></span>\u20ac <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>cierr<span class=\"__1 _1bc\"> </span></span>de 2023.<span class=\"__1 _1bc\"> </span>Con <span class=\"__1 _70\"></span>fecha <span class=\"__1 _5\"></span>29 <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>diciembre <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>2021 <span class=\"__1 _5\"></span>se <span class=\"__1 _70\"></span>pub<span class=\"__1 _6\"></span>lic\u00f3 <span class=\"__1 _70\"></span>en <span class=\"__1 _70\"></span>el <span class=\"__1 _70\"></span>BOE<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>la <span class=\"__1 _5\"></span>Ley <span class=\"__1 _70\"></span>22/2021, <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>28 <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>diciembre, <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>Presupuesto<span class=\"__1 _1bc\"> </span>Generales del <span class=\"__1 _6\"></span>Estado<span class=\"__1 _6\"></span> para <span class=\"__1 _6\"></span>el a\u00f1o <span class=\"__1 _6\"></span>2022 <span class=\"__1 _6\"></span>(LPGE) po<span class=\"__1 _6\"></span>r la <span class=\"__1 _6\"></span>cual s<span class=\"__1 _6\"></span>e modifica <span class=\"__1 _6\"></span>la Ley <span class=\"__1 _6\"></span>del Impu<span class=\"__1 _6\"></span>esto <span class=\"__1 _6\"></span>sobre <span class=\"__1 _6\"></span>Sociedade<span class=\"__1 _1bc\"> </span>estableciendo <span class=\"__1 _6\"></span>qu<span class=\"__1 _6\"></span>e, <span class=\"__1 _6\"></span>para <span class=\"__1 _8\"></span>los <span class=\"__1 _6\"></span>ejercicios <span class=\"__1 _6\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>in<span class=\"__1 _6\"></span>icien <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>partir <span class=\"__1 _6\"></span>del <span class=\"__1 _8\"></span>1 <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>en<span class=\"__1 _6\"></span>ero <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>022, <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>plica <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>concept<span class=\"__1 _1bc\"> </span>de  \u201ctributaci\u00f3n  m\u00ednima\u201d <span class=\"__1 _c6\"> </span>en  Espa\u00f1a.  ENCE <span class=\"__1 _c6\"> </span>ha <span class=\"__1 _150\"> </span><span class=\"ff4\">ten<span class=\"__1 _6\"></span>ido  en<span class=\"__1 _5\"></span> <span class=\"__1 _ca\"> </span>cuenta  esta <span class=\"__1 _ca\"> </span>modificaci\u00f3n  en <span class=\"__1 _c6\"> </span>el  an\u00e1lisis  de <span class=\"__1 _c6\"> </span>l<span class=\"__1 _1bc\"> </span></span>recuperabilidad de <span class=\"__1 _6\"></span>sus cr\u00e9ditos<span class=\"__1 _6\"></span> fiscales.<span class=\"__1 _1bc\"> </span>Pasivos por Impuesto<span class=\"__1 _6\"></span> Diferido<span class=\"__1 _1bc\"> </span>Miles de<span class=\"__1 _6\"></span> Euros<span class=\"__1 _1bc\"> </span>A\u00f1o<span class=\"__1 _5\"></span> 20<span class=\"__1 _6\"></span>23<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _6\"></span>conoci<span class=\"__1 _5\"></span>dos en re<span class=\"__1 _6\"></span>sultad<span class=\"__1 _5\"></span>os-<span class=\"__1 _1bc\"> </span>Libertad de<span class=\"__1 _5\"></span> amort<span class=\"__1 _6\"></span>izaci\u00f3n (RD<span class=\"__1 _5\"></span>L 4/<span class=\"__1 _6\"></span>20<span class=\"__1 _6\"></span>04<span class=\"__1 _6\"></span>)                549 <span class=\"__1 _cc\"> </span>                      - <span class=\"__1 _cd\"> </span>                    (170)<span class=\"__1 _c9\"> </span>                      - <span class=\"__1 _cd\"> </span>                379<span class=\"__1 _1bc\"> </span>Gast<span class=\"__1 _6\"></span>os financieros                   35 <span class=\"__1 _c9\"> </span>                      - <span class=\"__1 _c9\"> </span>                      (16)<span class=\"__1 _ce\"> </span>                   (1)<span class=\"__1 _cf\"> </span>                   1<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span>Dividendos futuros                      - <span class=\"__1 _c9\"> </span>                      - <span class=\"__1 _cd\"> </span>                           - <span class=\"__1 _c9\"> </span>             1.926 <span class=\"__1 _cf\"> </span>             1.926<span class=\"__1 _1bc\"> </span>Arrendamientos (IFRS-16)             7.795 <span class=\"__1 _cf\"> </span>                   95 <span class=\"__1 _c9\"> </span>                           - <span class=\"__1 _c9\"> </span>                   (3)<span class=\"__1 _cf\"> </span>             7.887<span class=\"__1 _1bc\"> </span>Ajust<span class=\"__1 _6\"></span>es de consolidaci\u00f3n y ot<span class=\"__1 _6\"></span>ros             3.714 <span class=\"__1 _cf\"> </span>             2.281 <span class=\"__1 _ce\"> </span>                 (2.420)<span class=\"__1 _c9\"> </span>            (1.<span class=\"__1 _5\"></span>737<span class=\"__1 _6\"></span>)<span class=\"__1 _cb\"> </span>             1<span class=\"__1 _6\"></span>.838           12.<span class=\"__1 _6\"></span>093 <span class=\"__1 _c9\"> </span>             2<span class=\"__1 _6\"></span>.37<span class=\"__1 _6\"></span>6 <span class=\"__1 _cd\"> </span>                (2.606<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>                185<span class=\"__1 _6\"></span> <span class=\"__1 _cc\"> </span>           12.0<span class=\"__1 _6\"></span>48<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _6\"></span>conoci<span class=\"__1 _5\"></span>dos en patrimon<span class=\"__1 _5\"></span>io-<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>valorizaci\u00f3n s<span class=\"__1 _6\"></span>uelos forestales (Nota 16<span class=\"__1 _6\"></span>.3)           13.510 <span class=\"__1 _cd\"> </span>                      - <span class=\"__1 _cd\"> </span>                           - <span class=\"__1 _c9\"> </span>                      - <span class=\"__1 _cd\"> </span>           13.510<span class=\"__1 _1bc\"> </span>Bono convertible (Nota 28)                137 <span class=\"__1 _cc\"> </span>                      - <span class=\"__1 _cd\"> </span>                    (137)<span class=\"__1 _c9\"> </span>                      - <span class=\"__1 _cd\"> </span>                      -<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _70\"></span>riv<span class=\"__1 _6\"></span>ados de cobertura (Nota 30<span class=\"__1 _6\"></span>)                      - <span class=\"__1 _c9\"> </span>                     1 <span class=\"__1 _cd\"> </span>                    (777<span class=\"__1 _6\"></span>)<span class=\"__1 _c9\"> </span>             1<span class=\"__1 _6\"></span>.744 <span class=\"__1 _ce\"> </span>                9<span class=\"__1 _6\"></span>68<span class=\"__1 _1bc\"> </span>Ajust<span class=\"__1 _6\"></span>es de consolidaci\u00f3n y ot<span class=\"__1 _6\"></span>ros             1.978 <span class=\"__1 _cf\"> </span>                338 <span class=\"__1 _cc\"> </span>                      (97)<span class=\"__1 _ce\"> </span>            (1.747)<span class=\"__1 _c9\"> </span>                472           15.<span class=\"__1 _6\"></span>625 <span class=\"__1 _c9\"> </span>                3<span class=\"__1 _6\"></span>39 <span class=\"__1 _cc\"> </span>                (1.011<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>                   (3)<span class=\"__1 _cf\"> </span>           14.9<span class=\"__1 _6\"></span>50<span class=\"__1 _1bc\"> </span>To<span class=\"__1 _5\"></span>tal           27.<span class=\"__1 _6\"></span>718 <span class=\"__1 _203\"> </span>           26.<span class=\"__1 _6\"></span>998<span class=\"__1 _1bc\"> </span>Sal<span class=\"__1 _5\"></span>do a<span class=\"__1 _5\"></span>l<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/12/20<span class=\"__1 _6\"></span>23<span class=\"__1 _1bc\"> </span>Tra<span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>pasos y<span class=\"__1 _1bc\"> </span>otros<span class=\"__1 _1bc\"> </span>Disminucio<span class=\"__1 _5\"></span>nes<span class=\"__1 _1bc\"> </span>Aumentos<span class=\"__1 _1bc\"> </span>Sal<span class=\"__1 _5\"></span>do a<span class=\"__1 _5\"></span>l<span class=\"__1 _1bc\"> </span>01<span class=\"__1 _6\"></span>/01/20<span class=\"__1 _6\"></span>23<span class=\"__1 _1bc\"> </span>Como <span class=\"__1 _6\"></span>con<span class=\"__1 _6\"></span>secuencia <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>mo<span class=\"__1 _6\"></span>dificaci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>Norma <span class=\"__1 _8\"></span>Intern<span class=\"__1 _6\"></span>acional <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>Conta<span class=\"__1 _6\"></span>bilidad <span class=\"__1 _8\"></span>NIC<span class=\"__1 _6\"></span>-12 <span class=\"__1 _8\"></span>cuya <span class=\"__1 _8\"></span>entrada <span class=\"__1 _8\"></span>en<span class=\"__1 _1bc\"> </span>vigor <span class=\"__1 _c8\"> </span>se <span class=\"__1 _c8\"> </span>ha <span class=\"__1 _c6\"> </span>producido <span class=\"__1 _c8\"> </span>el <span class=\"__1 _c8\"> </span>1 <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c8\"></span>enero <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"></span>2023, <span class=\"__1 _c8\"> </span>con <span class=\"__1 _c8\"> </span>efecto<span class=\"__1 _6\"></span>s <span class=\"__1 _c8\"> </span>retroactivos<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>al <span class=\"__1 _c8\"> </span>1 <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"></span>enero <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>2022, <span class=\"__1 _c8\"> </span>pas<span class=\"__1 _6\"></span>an <span class=\"__1 _c8\"> </span>a<span class=\"__1 _1bc\"> </span>reconocerse activos<span class=\"__1 _6\"></span> y pas<span class=\"__1 _6\"></span>ivos por impuesto d<span class=\"__1 _6\"></span>iferido por los <span class=\"__1 _6\"></span>contrato<span class=\"__1 _6\"></span>s de arrendamiento r<span class=\"__1 _6\"></span>egistrados b<span class=\"__1 _6\"></span>ajo la<span class=\"__1 _1bc\"> </span>normativa conta<span class=\"__1 _6\"></span>ble internacional IFRS<span class=\"__1 _6\"></span>-16 (v\u00e9ase Nota<span class=\"__1 _6\"></span> 2.6).<span class=\"__1 _1bc\"> </span>32.5<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Ej<span class=\"__1 _6\"></span>ercicios pen<span class=\"__1 _5\"></span>dientes de c<span class=\"__1 _5\"></span>omprobaci\u00f3n y a<span class=\"__1 _5\"></span>ctuaciones inspe<span class=\"__1 _5\"></span>ctoras<span class=\"__1 _1bc\"> </span></span></span>Seg\u00fan las disp<span class=\"__1 _6\"></span>osiciones fiscale<span class=\"__1 _6\"></span>s vigentes, las<span class=\"__1 _6\"></span> liquidaciones d<span class=\"__1 _6\"></span>e impuestos no p<span class=\"__1 _6\"></span>ueden considerars<span class=\"__1 _6\"></span>e definitivas<span class=\"__1 _1bc\"> </span>hasta qu<span class=\"__1 _6\"></span>e no han sido insp<span class=\"__1 _6\"></span>eccionadas por las au<span class=\"__1 _6\"></span>toridades fiscales o ha <span class=\"__1 _6\"></span>transcurrido el plazo d<span class=\"__1 _8\"></span>e prescrip<span class=\"__1 _6\"></span>ci\u00f3n<span class=\"__1 _1bc\"> </span>establecido <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>cada <span class=\"__1 _6\"></span>juris<span class=\"__1 _6\"></span>dicci\u00f3n <span class=\"__1 _6\"></span>tributa<span class=\"__1 _6\"></span>ria; <span class=\"__1 _6\"></span>cuatro <span class=\"__1 _6\"></span>a\u00f1os <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>Es<span class=\"__1 _6\"></span>pa\u00f1a <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>Portu<span class=\"__1 _6\"></span>gal, <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>cinco <span class=\"__1 _6\"></span>a\u00f1os <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>Uruguay. <span class=\"__1 _4\"></span>Los<span class=\"__1 _1bc\"> </span>Grupos fiscales tienen a<span class=\"__1 _6\"></span>biertos <span class=\"__1 _6\"></span><span class=\"ls21\">a </span>comprobaci\u00f3n<span class=\"__1 _6\"></span> los ejercicios 2021 y<span class=\"__1 _6\"></span> 2022.<span class=\"__1 _1bc\"> </span>La  Agencia <span class=\"__1 _c6\"> </span>Tributa<span class=\"__1 _6\"></span>ria  inici\u00f3 <span class=\"__1 _c6\"> </span>en  julio  de <span class=\"__1 _ca\"> </span>2022  un  procedimie<span class=\"__1 _5\"></span>nto  de <span class=\"__1 _ca\"> </span>comprobaci\u00f3n  del  Impuesto <span class=\"__1 _ca\"> </span>sobre<span class=\"__1 _1bc\"> </span>Sociedades <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>Ence <span class=\"__1 _6\"></span>Energ\u00eda <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>Celulosa,<span class=\"__1 _6\"></span> S.A. <span class=\"__1 _6\"></span>(cab<span class=\"__1 _6\"></span>ecera <span class=\"__1 _6\"></span>del <span class=\"__1 _6\"></span>Grup<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>fiscal <span class=\"__1 _6\"></span>consolidado<span class=\"__1 _6\"></span>), <span class=\"__1 _6\"></span>Celulosas <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>Asturias,<span class=\"__1 _1bc\"> </span>S.A. y <span class=\"__1 _6\"></span>Magnon <span class=\"__1 _6\"></span>Green En<span class=\"__1 _6\"></span>ergy, S.L. <span class=\"__1 _6\"></span>por <span class=\"__1 _6\"></span>los ejercicios<span class=\"__1 _6\"></span> 2018, <span class=\"__1 _6\"></span>2019 y<span class=\"__1 _6\"></span> 2020<span class=\"__1 _6\"></span>, <span class=\"__1 _6\"></span>as\u00ed <span class=\"__1 _6\"></span>como <span class=\"__1 _6\"></span>el I<span class=\"__1 _6\"></span>mpuesto s<span class=\"__1 _6\"></span>obre e<span class=\"__1 _6\"></span>l Valo<span class=\"__1 _6\"></span>r<span class=\"__1 _1bc\"> </span>A\u00f1adido (IVA) y Retencion<span class=\"__1 _6\"></span>es d<span class=\"__1 _6\"></span>eclarados por <span class=\"__1 _6\"></span>dichas sociedades en <span class=\"__1 _6\"></span>los ejercicios 201<span class=\"__1 _6\"></span>9 y 202<span class=\"__1 _6\"></span>0. El 13 de septiembre de 2023 s<span class=\"__1 _6\"></span>e concluy<span class=\"__1 _6\"></span>\u00f3 el proceso a tra<span class=\"__1 _6\"></span>v\u00e9s de la firma en conformidad de acta<span class=\"__1 _6\"></span>s por todos<span class=\"__1 _1bc\"> </span>los impuestos comprobados. <span class=\"__1 _70\"></span>E<span class=\"__1 _6\"></span>l coste <span class=\"__1 _5\"></span>neto total <span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>ara e<span class=\"__1 _5\"></span>l Grupo <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e e<span class=\"__1 _5\"></span>sta comprobaci\u00f3n <span class=\"__1 _5\"></span>ha si<span class=\"__1 _5\"></span>do de <span class=\"__1 _70\"></span>0,9 millones<span class=\"__1 _1bc\"> </span>\u20ac, <span class=\"__1 _c8\"></span>no <span class=\"__1 _4\"></span>h<span class=\"__1 _6\"></span>abi\u00e9ndose <span class=\"__1 _c8\"> </span>impuesto <span class=\"__1 _c8\"> </span>sancion<span class=\"__1 _6\"></span>es <span class=\"__1 _c8\"></span>relevantes <span class=\"__1 _c8\"></span>por <span class=\"__1 _4\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>conceptos <span class=\"__1 _c8\"></span>regularizados. <span class=\"__1 _c8\"> </span>Adicionalmente, <span class=\"__1 _c8\"> </span>est<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span>proceso <span class=\"__1 _150\"> </span>ha <span class=\"__1 _cb\"> </span>confirmado  las <span class=\"__1 _cb\"> </span>BIN\u00b4s  y <span class=\"__1 _cb\"> </span>deducciones  acreditad<span class=\"__1 _6\"></span>as <span class=\"__1 _150\"> </span>por <span class=\"__1 _cb\"> </span>las  sociedades <span class=\"__1 _cb\"> </span>del  Grupo, <span class=\"__1 _150\"> </span>as<span class=\"__1 _6\"></span>\u00ed  como<span class=\"__1 _1bc\"> </span>deducciones  pend<span class=\"__1 _6\"></span>ientes  de  con<span class=\"__1 _6\"></span>signaci\u00f3n  en <span class=\"__1 _150\"> </span>las<span class=\"__1 _6\"></span>  declaraciones <span class=\"__1 _150\"> </span>de <span class=\"__1 _cb\"> </span>los <span class=\"__1 _150\"> </span>ejercicios<span class=\"__1 _6\"></span>  comprob<span class=\"__1 _6\"></span>ados <span class=\"__1 _150\"> </span>po<span class=\"__1 _6\"></span>r  3,2<span class=\"__1 _1bc\"> </span>millones \u20ac. Por otra <span class=\"__1 _5\"></span>parte, en <span class=\"__1 _70\"></span>el marco del proceso <span class=\"__1 _70\"></span>in<span class=\"__1 _6\"></span>spector, ENCE y <span class=\"__1 _70\"></span>MAGNON han hecho valer <span class=\"__1 _70\"></span>su<span class=\"__1 _6\"></span> derecho <span class=\"__1 _70\"></span>a impugnar<span class=\"__1 _1bc\"> </span>determinadas <span class=\"__1 _6\"></span>medidas fiscales<span class=\"__1 _6\"></span> recogidas <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el Real Decreto<span class=\"__1 _6\"></span>-Ley 3/2016, <span class=\"__1 _6\"></span>a trav<span class=\"__1 _6\"></span>\u00e9s de <span class=\"__1 _6\"></span>la suscripci\u00f3n d<span class=\"__1 _6\"></span>e actas<span class=\"__1 _1bc\"> </span>en disconformidad, p<span class=\"__1 _6\"></span>ara as\u00ed p<span class=\"__1 _6\"></span>oder beneficiarse de<span class=\"__1 _6\"></span> una pote<span class=\"__1 _6\"></span>ncial declaraci\u00f3n d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>su<span class=\"__1 _6\"></span> inconstitu<span class=\"__1 _6\"></span>cionalidad.<span class=\"__1 _6\"></span> En<span class=\"__1 _1bc\"> </span>este <span class=\"__1 _8\"></span>sentid<span class=\"__1 _6\"></span>o, <span class=\"__1 _8\"></span>el <span class=\"__1 _4\"></span>18 <span class=\"__1 _6\"></span>de <span class=\"__1 _4\"></span>enero <span class=\"__1 _6\"></span>de <span class=\"__1 _4\"></span>2024<span class=\"__1 _5\"></span> <span class=\"__1 _8\"></span>el <span class=\"__1 _4\"></span>Ple<span class=\"__1 _5\"></span>no <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _8\"></span>Tribunal <span class=\"__1 _4\"></span>Constitucional <span class=\"__1 _8\"></span>ha <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>stimado<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>por <span class=\"__1 _4\"></span>unanimidad <span class=\"__1 _8\"></span>la<span class=\"__1 _1bc\"> </span>cuesti\u00f3n <span class=\"__1 _ce\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _ce\"> </span>inconstit<span class=\"__1 _6\"></span>ucionalidad <span class=\"__1 _cf\"> </span>planteada <span class=\"__1 _cf\"> </span>respecto <span class=\"__1 _ce\"> </span>de <span class=\"__1 _cf\"> </span>varias <span class=\"__1 _cf\"> </span>modificaciones <span class=\"__1 _ce\"> </span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _cc\"> </span>Impuesto <span class=\"__1 _ce\"> </span>s<span class=\"__1 _6\"></span>obre<span class=\"__1 _1bc\"> </span>Sociedades <span class=\"__1 _4\"></span>introducida<span class=\"__1 _6\"></span>s <span class=\"__1 _4\"></span>por <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>Real <span class=\"__1 _4\"></span>Decreto<span class=\"__1 _6\"></span>-ley <span class=\"__1 _4\"></span>3/2016, <span class=\"__1 _4\"></span>entre <span class=\"__1 _4\"></span>otra<span class=\"__1 _6\"></span>s, <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>limitaci\u00f3n <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>compensaci\u00f3n <span class=\"__1 _4\"></span>de<span class=\"__1 _1bc\"> </span>bases imponib<span class=\"__1 _6\"></span>les negativas, <span class=\"__1 _6\"></span>dej\u00e1<span class=\"ls14\">ndo<span class=\"ls1e\">la</span></span>s sin efecto (v\u00e9ase No<span class=\"__1 _6\"></span>ta 36). A los efectos d<span class=\"__1 _6\"></span>e evaluar la ca<span class=\"__1 _6\"></span>pacidad de<span class=\"__1 _1bc\"> </span>recuperaci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>bases <span class=\"__1 _4\"></span>im<span class=\"__1 _5\"></span>ponibles <span class=\"__1 _8\"></span>negativas <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>or <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>arte <span class=\"__1 _8\"></span>del <span class=\"__1 _6\"></span>Gru<span class=\"__1 _6\"></span>po, <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>ha <span class=\"__1 _8\"></span>considerado<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>esta <span class=\"__1 _8\"></span>sentencia <span class=\"__1 _8\"></span>como<span class=\"__1 _1bc\"> </span>un hecho pos<span class=\"__1 _6\"></span>terior no ajustable.<span class=\"__1 _1bc\"> </span>Todas  las <span class=\"__1 _c6\"> </span>actuaciones  releva<span class=\"__1 _5\"></span>ntes  del <span class=\"__1 _c6\"> </span>Grupo <span class=\"__1 _c6\"> </span>h<span class=\"__1 _6\"></span>an <span class=\"__1 _c6\"> </span>s<span class=\"__1 _6\"></span>id<span class=\"__1 _6\"></span>o <span class=\"__1 _c6\"> </span>analizadas<span class=\"__1 _6\"></span> <span class=\"__1 _ca\"> </span>internamente <span class=\"__1 _ca\"> </span>y <span class=\"__1 _ca\"> </span>tambi\u00e9n <span class=\"__1 _c6\"> </span>por  asesores<span class=\"__1 _1bc\"> </span>externos, <span class=\"__1 _8\"></span>ta<span class=\"__1 _6\"></span>nto <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>este <span class=\"__1 _8\"></span>ejercicio <span class=\"__1 _8\"></span>como <span class=\"__1 _8\"></span>en <span class=\"__1 _4\"></span>los <span class=\"__1 _8\"></span>precedentes, <span class=\"__1 _4\"></span>determ<span class=\"__1 _5\"></span>inando <span class=\"__1 _4\"></span>que <span class=\"__1 _8\"></span>estas <span class=\"__1 _4\"></span>act<span class=\"__1 _5\"></span>uaciones <span class=\"__1 _8\"></span>h<span class=\"__1 _6\"></span>an <span class=\"__1 _8\"></span>sido<span class=\"__1 _1bc\"> </span>Miles de<span class=\"__1 _6\"></span> Euros<span class=\"__1 _1bc\"> </span>A\u00f1o<span class=\"__1 _5\"></span> 20<span class=\"__1 _6\"></span>22<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _6\"></span>conoci<span class=\"__1 _5\"></span>dos en re<span class=\"__1 _6\"></span>sultad<span class=\"__1 _5\"></span>os-   Libertad de amortiz<span class=\"__1 _6\"></span>aci\u00f3n (RD<span class=\"__1 _70\"></span>L 4<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>00<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>)                731 <span class=\"__1 _d1\"> </span>                      - <span class=\"__1 _cd\"> </span>                    (182)<span class=\"__1 _cd\"> </span>                      - <span class=\"__1 _cd\"> </span>                549   G<span class=\"__1 _6\"></span>astos<span class=\"__1 _6\"></span> financie<span class=\"__1 _5\"></span>ros                   51 <span class=\"__1 _c9\"> </span>                      - <span class=\"__1 _cd\"> </span>                      (16)<span class=\"__1 _cf\"> </span>                      - <span class=\"__1 _cd\"> </span>                   35   Arr<span class=\"__1 _6\"></span>enda<span class=\"__1 _5\"></span>mientos<span class=\"__1 _6\"></span> (IFRS-16)                      - <span class=\"__1 _cd\"> </span>             7.795 <span class=\"__1 _cf\"> </span>                           - <span class=\"__1 _cd\"> </span>                      - <span class=\"__1 _cd\"> </span>             7.795   Ajus<span class=\"__1 _6\"></span>tes de consolidaci\u00f3n y<span class=\"__1 _6\"></span> otros             3.690 <span class=\"__1 _cf\"> </span>             1.948<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>                 (1.<span class=\"__1 _5\"></span>926<span class=\"__1 _6\"></span>)<span class=\"__1 _c9\"> </span>                     2 <span class=\"__1 _cd\"> </span>             3.714             4.4<span class=\"__1 _6\"></span>72 <span class=\"__1 _ce\"> </span>             9.<span class=\"__1 _6\"></span>743<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                (2.12<span class=\"__1 _6\"></span>4)<span class=\"__1 _cc\"> </span>                     2 <span class=\"__1 _ce\"> </span>           12.<span class=\"__1 _6\"></span>093<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _6\"></span>conoci<span class=\"__1 _5\"></span>dos en patrimon<span class=\"__1 _5\"></span>io-   Revalorizaci\u00f3n suelos forestales (Nota 1<span class=\"__1 _6\"></span>7.3)           13.510 <span class=\"__1 _ce\"> </span>                      - <span class=\"__1 _cd\"> </span>                           - <span class=\"__1 _cd\"> </span>                      - <span class=\"__1 _cd\"> </span>           13.510   Bono convertible (Nota 30<span class=\"__1 _6\"></span>)                196 <span class=\"__1 _d1\"> </span>                      - <span class=\"__1 _cd\"> </span>                      (59)<span class=\"__1 _ce\"> </span>                      - <span class=\"__1 _cd\"> </span>                13<span class=\"__1 _6\"></span>7   Ajus<span class=\"__1 _6\"></span>tes de consolidaci\u00f3n y<span class=\"__1 _6\"></span> otros                408 <span class=\"__1 _d1\"> </span>             2.199 <span class=\"__1 _cf\"> </span>                    (629)<span class=\"__1 _ce\"> </span>                      - <span class=\"__1 _cd\"> </span>             1.978           14.<span class=\"__1 _6\"></span>114<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>             2.<span class=\"__1 _6\"></span>199<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                    (688)<span class=\"__1 _cd\"> </span>                      - <span class=\"__1 _cd\"> </span>           15<span class=\"__1 _6\"></span>.62<span class=\"__1 _6\"></span>5<span class=\"__1 _1bc\"> </span>To<span class=\"__1 _5\"></span>tal           18.<span class=\"__1 _6\"></span>586<span class=\"__1 _6\"></span> <span class=\"__1 _197\"> </span>           27.<span class=\"__1 _6\"></span>718<span class=\"__1 _1bc\"> </span>Sal<span class=\"__1 _5\"></span>do a<span class=\"__1 _5\"></span>l<span class=\"__1 _1bc\"> </span>01<span class=\"__1 _6\"></span>/01/20<span class=\"__1 _6\"></span>22<span class=\"__1 _1bc\"> </span>AumentosDisminucio<span class=\"__1 _5\"></span>nes<span class=\"__1 _1bc\"> </span>Tra<span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>pa<span class=\"__1 _5\"></span>sos y<span class=\"__1 _1bc\"> </span>otros<span class=\"__1 _1bc\"> </span>Sal<span class=\"__1 _5\"></span>do a<span class=\"__1 _5\"></span>l<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/12/20<span class=\"__1 _6\"></span>22<span class=\"__1 _1bc\"> </span>ajustadas <span class=\"__1 _c8\"> </span>a <span class=\"__1 _c6\"> </span>derecho <span class=\"__1 _c8\"> </span>y <span class=\"__1 _c8\"> </span>se <span class=\"__1 _c8\"> </span>b<span class=\"__1 _6\"></span>asan <span class=\"__1 _c8\"></span>en <span class=\"__1 _c8\"></span>interpretaciones <span class=\"__1 _c8\"> </span>razon<span class=\"__1 _6\"></span>ables <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>la <span class=\"__1 _c8\"> </span>n<span class=\"__1 _6\"></span>orma <span class=\"__1 _c8\"></span>tributaria. <span class=\"__1 _c8\"> </span>La<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"> </span>existencia <span class=\"__1 _c8\"> </span>de incertidumbres <span class=\"__1 _70\"></span>fiscal<span class=\"__1 _6\"></span>es <span class=\"__1 _5\"></span>es <span class=\"__1 _70\"></span>igualmente <span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span>bjeto <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>an\u00e1lis<span class=\"__1 _6\"></span>is <span class=\"__1 _70\"></span>y el <span class=\"__1 _70\"></span>criterio <span class=\"__1 _70\"></span>general <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _70\"></span>Grupo<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>cons<span class=\"__1 _6\"></span>iste <span class=\"__1 _70\"></span>en <span class=\"__1 _5\"></span>considerar de <span class=\"__1 _150\"> </span>forma <span class=\"__1 _cb\"> </span>prudente <span class=\"__1 _cb\"> </span>dicha <span class=\"__1 _cb\"> </span>incertidumbre <span class=\"__1 _cb\"> </span>en  la <span class=\"__1 _cb\"> </span>determinaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _150\"> </span>del <span class=\"__1 _cb\"> </span>impuesto. <span class=\"__1 _cb\"> </span>ENCE <span class=\"__1 _150\"> </span>n<span class=\"__1 _6\"></span>o <span class=\"__1 _150\"> </span>ha <span class=\"__1 _cb\"> </span>identificado<span class=\"__1 _6\"></span> incertidumbres fiscal<span class=\"__1 _6\"></span>es que hayan<span class=\"__1 _6\"></span> sido objeto de <span class=\"__1 _6\"></span>cons<span class=\"__1 _6\"></span>ideraci\u00f3n.  32.6<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Otra informaci\u00f3n </span></span>En diciembre de 2022<span class=\"__1 _5\"></span> los Estados Miembros de <span class=\"__1 _5\"></span>la Uni\u00f3n <span class=\"__1 _5\"></span>Europea aprobaron la Directiva (<span class=\"__1 _5\"></span>UE) 2022/2523, de 14 de diciembre, relativa a la <span class=\"__1 _5\"></span>garant\u00eda de un nivel m\u00ednimo <span class=\"__1 _5\"></span>global de imposici\u00f3n para los grupos de empresas multinacionales <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>para <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>grupos <span class=\"__1 _6\"></span>nacio<span class=\"__1 _6\"></span>nales <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>gran <span class=\"__1 _8\"></span>magnitud <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>Uni\u00f3n <span class=\"__1 _8\"></span>(Pilar <span class=\"__1 _8\"></span>II)<span class=\"__1 _6\"></span>. <span class=\"__1 _8\"></span>Dicha <span class=\"__1 _8\"></span>normativa <span class=\"__1 _8\"></span>est\u00e1 en <span class=\"__1 _6\"></span>tra<span class=\"__1 _6\"></span>mitaci\u00f3n <span class=\"__1 _8\"></span>para <span class=\"__1 _8\"></span>su <span class=\"__1 _6\"></span>tra<span class=\"__1 _6\"></span>nsposici\u00f3n <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>Espa\u00f1a.<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>El <span class=\"__1 _8\"></span>Grupo <span class=\"__1 _8\"></span>ha <span class=\"__1 _6\"></span>realizad<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>na <span class=\"__1 _8\"></span>evaluaci\u00f3n <span class=\"__1 _8\"></span>preliminar <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>dicha Directiva  y,<span class=\"__1 _6\"></span>  pendiente <span class=\"__1 _cb\"> </span>de  la<span class=\"__1 _6\"></span>  tra<span class=\"__1 _6\"></span>nsposici\u00f3n <span class=\"__1 _cb\"> </span>definitiva <span class=\"__1 _cb\"> </span>a  la <span class=\"__1 _150\"> </span>n<span class=\"__1 _6\"></span>ormativa <span class=\"__1 _150\"> </span>nacion<span class=\"__1 _6\"></span>al,  n<span class=\"__1 _6\"></span>o  se <span class=\"__1 _cb\"> </span>prev\u00e9n  impactos significativos po<span class=\"__1 _6\"></span>r la aplicaci\u00f3n de esta tribu<span class=\"__1 _6\"></span>taci\u00f3n m\u00ednima global<span class=\"__1 _6\"></span>. ENCE <span class=\"__1 _4\"></span>se <span class=\"__1 _8\"></span>ha <span class=\"__1 _4\"></span>acogido <span class=\"__1 _8\"></span>al <span class=\"__1 _4\"></span>r\u00e9gimen <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>neutralidad <span class=\"__1 _4\"></span>fiscal <span class=\"__1 _8\"></span>establecido <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>el <span class=\"__1 _4\"></span>Cap\u00edtulo <span class=\"__1 _4\"></span>VII <span class=\"__1 _8\"></span>del <span class=\"__1 _4\"></span>T\u00edtulo <span class=\"__1 _8\"></span>VII <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>Ley 27/2014,  de  27  de  noviembre,  del  Impuesto  sobre  Sociedades,  y  ha  comunicado  a  la  Administraci\u00f3n Tributaria, <span class=\"__1 _6\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>siguientes <span class=\"__1 _8\"></span>operaciones<span class=\"__1 _6\"></span><span class=\"lsac\">; <span class=\"__1 _8\"></span></span>1) <span class=\"__1 _6\"></span>aportaci\u00f3n <span class=\"__1 _8\"></span>no <span class=\"__1 _6\"></span>din<span class=\"__1 _6\"></span>eraria <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>Magnon <span class=\"__1 _8\"></span>Green <span class=\"__1 _8\"></span>Energy<span class=\"__1 _6\"></span>, <span class=\"__1 _6\"></span>S.L.U. <span class=\"__1 _6\"></span>en<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>a\u00f1<span class=\"__1 _6\"></span>o 2020 <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>determinados<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>activos<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>industriales <span class=\"__1 _8\"></span>(que <span class=\"__1 _6\"></span>incluyen <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>resa <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>El <span class=\"__1 _8\"></span>Sanch<span class=\"__1 _6\"></span>o) <span class=\"__1 _6\"></span>ubicad<span class=\"__1 _6\"></span>os <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>Huelva <span class=\"__1 _6\"></span>con <span class=\"__1 _8\"></span>un valor <span class=\"__1 _8\"></span>neto <span class=\"__1 _8\"></span>contable <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>13.562 <span class=\"__1 _8\"></span>miles <span class=\"__1 _8\"></span>\u20ac <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>un <span class=\"__1 _8\"></span>valo<span class=\"__1 _6\"></span>r <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>mercado, <span class=\"__1 _4\"></span>que <span class=\"__1 _6\"></span>coincide <span class=\"__1 _8\"></span>con <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>valor <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>aporta<span class=\"__1 _6\"></span>ci\u00f3n, <span class=\"__1 _8\"></span>de 26.923 miles <span class=\"__1 _5\"></span>\u20ac<span class=\"ff4\">, 2) <span class=\"__1 _5\"></span>aportaci\u00f3n no dineraria a <span class=\"__1 _70\"></span>Magn<span class=\"__1 _6\"></span>on Green Energy, S.L.U. en <span class=\"__1 _5\"></span>el a\u00f1o 2018 <span class=\"__1 _5\"></span>de terrenos con <span class=\"__1 _70\"></span>u<span class=\"__1 _6\"></span>n </span>valor neto cont<span class=\"__1 _6\"></span><span class=\"ff6\">able de 779 miles \u20ac, un v<span class=\"__1 _6\"></span>alor de aportaci\u00f3n de 2.460 <span class=\"__1 _6\"></span>miles \u20ac y un valo<span class=\"__1 _6\"></span>r de mercado de 3.166 </span>miles <span class=\"__1 _6\"></span>\u20ac<span class=\"ff4\">, <span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>) <span class=\"__1 _6\"></span>aporta<span class=\"__1 _6\"></span>ci\u00f3n <span class=\"__1 _6\"></span>no <span class=\"__1 _8\"></span>dineraria <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>Ence <span class=\"__1 _6\"></span>Renovables<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>SL <span class=\"__1 _6\"></span>en<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>a\u00f1<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>2023 <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>las <span class=\"__1 _8\"></span>participacion<span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>Ma<span class=\"__1 _6\"></span>gnon </span>Green <span class=\"__1 _6\"></span>Energy, <span class=\"__1 _6\"></span>S.L.<span class=\"__1 _6\"></span>U. q<span class=\"__1 _6\"></span>ue <span class=\"__1 _6\"></span>sup<span class=\"__1 _6\"></span>onen <span class=\"__1 _6\"></span>el 5<span class=\"__1 _6\"></span>1% <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>su <span class=\"__1 _6\"></span>cap<span class=\"__1 _6\"></span>ital <span class=\"__1 _6\"></span>socia<span class=\"__1 _8\"></span>l, con<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>un <span class=\"__1 _6\"></span>valor <span class=\"__1 _6\"></span>neto <span class=\"__1 _6\"></span>conta<span class=\"__1 _6\"></span>ble <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>112.528 <span class=\"__1 _6\"></span>mi<span class=\"__1 _6\"></span>les \u20ac, un valor <span class=\"__1 _6\"></span>de aportaci\u00f3n de 113.960 miles \u20ac y<span class=\"__1 _6\"></span> un valor d<span class=\"__1 _6\"></span>e mercado de 124.925 miles \u20ac<span class=\"__1 _8\"></span><span class=\"ff4\">. </span>A ra\u00edz <span class=\"__1 _6\"></span>de la<span class=\"__1 _6\"></span> venta<span class=\"__1 _6\"></span> del <span class=\"__1 _6\"></span>49% <span class=\"__1 _6\"></span>de l<span class=\"__1 _6\"></span>as p<span class=\"__1 _6\"></span>articipaciones <span class=\"__1 _8\"></span>de Magnon<span class=\"__1 _6\"></span> Green <span class=\"__1 _6\"></span>Energy, <span class=\"__1 _6\"></span>S.L. <span class=\"__1 _6\"></span>en 2<span class=\"__1 _6\"></span>020, <span class=\"__1 _6\"></span>E<span class=\"__1 _6\"></span>NCE ha <span class=\"__1 _6\"></span>tributa<span class=\"__1 _6\"></span>do por el 49% de <span class=\"ls1e\">la</span> plus<span class=\"__1 _6\"></span>val\u00eda generada en <span class=\"__1 _6\"></span>las dos<span class=\"__1 _6\"></span> primeras ap<span class=\"__1 _6\"></span>ortaciones se\u00f1aladas<span class=\"__1 _6\"></span>. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-567": {
   "value": "32.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Situaci\u00f3n fiscal<span class=\"__1 _1bc\"> </span></span></span>Los saldos <span class=\"__1 _70\"></span>deudores y <span class=\"__1 _70\"></span>acreedores mantenidos <span class=\"__1 _5\"></span>con <span class=\"__1 _5\"></span>las <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>istintas <span class=\"__1 _5\"></span>Administraciones P\u00fablicas <span class=\"__1 _5\"></span>al <span class=\"__1 _70\"></span>31 de <span class=\"__1 _70\"></span>diciembre<span class=\"__1 _1bc\"> </span>de 2023 y 2022 son los<span class=\"__1 _6\"></span> siguientes:<span class=\"__1 _1bc\"> </span><div class=\"c_1 w219 h2f0 gs1c4\"><div class=\"t_1 m59 x9 h2f1 y10ac ff4 fs6d fc0_1 sc0_1 ls0_1 ws0_1\">Mi<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> Euros<span class=\"__1 _199\"> </span>A<span class=\"__1 _70\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _8\"></span>vo<span class=\"__1 _41\"> </span>Pa<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>vo<span class=\"__1 _92\"> </span>A<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vo<span class=\"__1 _41\"> </span>Pa<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>vo<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w219 h2f2 gs1c5\"><div class=\"t_1 m59 x9 h2f3 y10ae ff3_1 fs6d fc0_1 sc0_1 ls0_1 ws0_1\">Pa<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>t<span class=\"__1 _6\"></span>ida<span class=\"__1 _70\"></span>s no c<span class=\"__1 _5\"></span>orr<span class=\"__1 _6\"></span>ie<span class=\"__1 _6\"></span>nt<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>s-<span class=\"__1 _1bc\"> </span> </div></div><div class=\"c_1 w219 h2f4 gs1c6\"><div class=\"t_1 m59 x9 h2f1 y10ac ff4 fs6d fc0_1 sc0_1 ls0_1 ws0_1\">A<span class=\"__1 _70\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _8\"></span>vo po<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>mpue<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>os<span class=\"__1 _8\"></span> di<span class=\"__1 _8\"></span>feri<span class=\"__1 _8\"></span>dos<span class=\"__1 _193\"> </span><span class=\"lsa1\">           94.99<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span> <span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _c4\"> </span>           8<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.707<span class=\"__1 _6\"></span> <span class=\"__1 _119\"> </span>                     -  </span><span class=\"lsa1\"> </span></div></div><div class=\"c_1 w219 h2f5 gs1c7\"><div class=\"t_1 m59 x9 h2f1 y10ac ff4 fs6d fc0_1 sc0_1 ls0_1 ws0_1\">Pa<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>vo po<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>mpue<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>tos<span class=\"__1 _8\"></span> di<span class=\"__1 _8\"></span>feri<span class=\"__1 _8\"></span>dos<span class=\"__1 _f3\"> </span><span class=\"lsa1\">          (26<span class=\"__1 _6\"></span>.99<span class=\"__1 _6\"></span>8)<span class=\"__1 _d0\"> </span>                     -   <span class=\"__1 _51\"> </span>          (27<span class=\"__1 _6\"></span>.71<span class=\"__1 _6\"></span>8)<span class=\"__1 _d0\"> </span>                     -  </span><span class=\"lsa1\"> </span></div></div><div class=\"c_1 w219 h2f5 gs1c8\"><div class=\"t_1 m59 x6a h2f3 y10b2 ff3_1 fs6d fc0_1 sc0_1 ls0_1 ws0_1\">T<span class=\"__1 _5\"></span>ot<span class=\"__1 _6\"></span>a<span class=\"__1 _5\"></span>l<span class=\"__1 _200\"> </span>67<span class=\"__1 _6\"></span>.99<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span><span class=\"ff4 lsa1\">                     -   <span class=\"__1 _29\"> </span></span>5<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.989<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span><span class=\"ff4 lsa1\">                     -  </span><span class=\"ff4 lsa1\"> </span></div></div><div class=\"c_1 w219 h2f2 gs1c9\"><div class=\"t_1 m59 x9 h2f3 y10b4 ff3_1 fs6d fc0_1 sc0_1 ls0_1 ws0_1\">Pa<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>t<span class=\"__1 _6\"></span>ida<span class=\"__1 _70\"></span>s corrie<span class=\"__1 _6\"></span>nt<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>s-<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w219 h2f2 gs1ca\"><div class=\"t_1 m59 x9 h2f1 y10ae ff4 fs6d fc0_1 sc0_1 ls0_1 ws0_1\">Ha<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>enda<span class=\"__1 _6\"></span> P<span class=\"__1 _6\"></span>\u00fabl<span class=\"__1 _4\"></span>i<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span> por<span class=\"__1 _6\"></span> I<span class=\"__1 _8\"></span>VA<span class=\"__1 _70\"></span> <span class=\"__1 _18c\"> </span><span class=\"lsa1\">              7.931<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>              3<span class=\"__1 _6\"></span>.79<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span> <span class=\"__1 _187\"> </span>           2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.555<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>              4.10<span class=\"__1 _6\"></span>1<span class=\"__1 _1bc\"> </span></span><span class=\"lsa1\"><span class=\"__1 _6\"></span> </span></div></div><div class=\"c_1 w219 h2f4 gs1cb\"><div class=\"t_1 m59 x9 h2f1 y10b4 ff4 fs6d fc0_1 sc0_1 ls0_1 ws0_1\">I<span class=\"__1 _6\"></span>mpues<span class=\"__1 _6\"></span>to de<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>Soc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>eda<span class=\"__1 _6\"></span>des<span class=\"__1 _6\"></span> del<span class=\"__1 _6\"></span> ej<span class=\"__1 _6\"></span>erc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span> c<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ent<span class=\"__1 _70\"></span>e<span class=\"__1 _106\"> </span><span class=\"lsa1\">           1<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>.993<span class=\"__1 _6\"></span> <span class=\"__1 _d1\"> </span>                   44<span class=\"__1 _6\"></span> <span class=\"__1 _a8\"> </span>              8.02<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>                   1<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span></span><span class=\"lsa1\"><span class=\"__1 _6\"></span> </span></div></div><div class=\"c_1 w219 h2f2 gs1cc\"><div class=\"t_1 m59 x9 h2f1 y10b4 ff4 fs6d fc0_1 sc0_1 ls0_1 ws0_1\">Ha<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>enda<span class=\"__1 _6\"></span> P<span class=\"__1 _6\"></span>\u00fabl<span class=\"__1 _4\"></span>i<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span> por<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>vers<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span> c<span class=\"__1 _6\"></span>onc<span class=\"__1 _6\"></span>ept<span class=\"__1 _5\"></span>os<span class=\"__1 _af\"> </span><span class=\"lsa1\">                 3<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>              5<span class=\"__1 _6\"></span>.374<span class=\"__1 _6\"></span> <span class=\"__1 _a8\"> </span>                 45<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              4.68<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span></span><span class=\"lsa1\"> </span></div></div><div class=\"c_1 w219 h2f0 gs1cd\"><div class=\"t_1 m59 x6a h2f3 y10b9 ff3_1 fs6d fc0_1 sc0_1 ls0_1 ws0_1\">T<span class=\"__1 _5\"></span>ot<span class=\"__1 _6\"></span>a<span class=\"__1 _5\"></span>l<span class=\"__1 _200\"> </span>23<span class=\"__1 _6\"></span>.30<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span> <span class=\"__1 _8b\"> </span>9.20<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _1f\"> </span>2<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>.03<span class=\"__1 _6\"></span>8 <span class=\"__1 _8b\"> </span>8<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>7<span class=\"__1 _6\"></span>97<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> </div></div><div class=\"c_1 w21a h2f6 gs1ce\"><div class=\"t_1 m59 x116 h2f1 y10bb ff4 fs6d fc0_1 sc0_1 ls0_1 ws0_1\">31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>23<span class=\"__1 _1bc\"> </span></div></div><div class=\"c_1 w21a h2f6 gs1cf\"><div class=\"t_1 m59 x116 h2f1 y10bb ff4 fs6d fc0_1 sc0_1 ls0_1 ws0_1\">31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>22<span class=\"__1 _1bc\"> </span></div></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTaxReceivablesAndPayablesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-44": {
   "value": "Mi<span class=\"__1 _8\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> Euros<span class=\"__1 _199\"> </span>A<span class=\"__1 _70\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _8\"></span>vo<span class=\"__1 _41\"> </span>Pa<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>vo<span class=\"__1 _92\"> </span>A<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vo<span class=\"__1 _41\"> </span>Pa<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>vo<span class=\"__1 _1bc\"> </span>Pa<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>t<span class=\"__1 _6\"></span>ida<span class=\"__1 _70\"></span>s no c<span class=\"__1 _5\"></span>orr<span class=\"__1 _6\"></span>ie<span class=\"__1 _6\"></span>nt<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>s-<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _70\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _8\"></span>vo po<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>mpue<span class=\"__1 _5\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>os<span class=\"__1 _8\"></span> di<span class=\"__1 _8\"></span>feri<span class=\"__1 _8\"></span>dos<span class=\"__1 _193\"> </span><span class=\"lsa1\">           94.99<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span> <span class=\"__1 _119\"> </span>                     -   <span class=\"__1 _c4\"> </span>           8<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.707<span class=\"__1 _6\"></span> <span class=\"__1 _119\"> </span>                     -  </span>Pa<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>vo po<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span> i<span class=\"__1 _8\"></span>mpue<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>tos<span class=\"__1 _8\"></span> di<span class=\"__1 _8\"></span>feri<span class=\"__1 _8\"></span>dos<span class=\"__1 _f3\"> </span><span class=\"lsa1\">          (26<span class=\"__1 _6\"></span>.99<span class=\"__1 _6\"></span>8)<span class=\"__1 _d0\"> </span>                     -   <span class=\"__1 _51\"> </span>          (27<span class=\"__1 _6\"></span>.71<span class=\"__1 _6\"></span>8)<span class=\"__1 _d0\"> </span>                     -  </span>T<span class=\"__1 _5\"></span>ot<span class=\"__1 _6\"></span>a<span class=\"__1 _5\"></span>l<span class=\"__1 _200\"> </span>67<span class=\"__1 _6\"></span>.99<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span><span class=\"ff4 lsa1\">                     -   <span class=\"__1 _29\"> </span></span>5<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>.989<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span><span class=\"ff4 lsa1\">                     -  </span>Pa<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>t<span class=\"__1 _6\"></span>ida<span class=\"__1 _70\"></span>s corrie<span class=\"__1 _6\"></span>nt<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>s-<span class=\"__1 _1bc\"> </span>Ha<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>enda<span class=\"__1 _6\"></span> P<span class=\"__1 _6\"></span>\u00fabl<span class=\"__1 _4\"></span>i<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span> por<span class=\"__1 _6\"></span> I<span class=\"__1 _8\"></span>VA<span class=\"__1 _70\"></span> <span class=\"__1 _18c\"> </span><span class=\"lsa1\">              7.931<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>              3<span class=\"__1 _6\"></span>.79<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span> <span class=\"__1 _187\"> </span>           2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>.555<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>              4.10<span class=\"__1 _6\"></span>1<span class=\"__1 _1bc\"> </span></span>I<span class=\"__1 _6\"></span>mpues<span class=\"__1 _6\"></span>to de<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>Soc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>eda<span class=\"__1 _6\"></span>des<span class=\"__1 _6\"></span> del<span class=\"__1 _6\"></span> ej<span class=\"__1 _6\"></span>erc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span> c<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ent<span class=\"__1 _70\"></span>e<span class=\"__1 _106\"> </span><span class=\"lsa1\">           1<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>.993<span class=\"__1 _6\"></span> <span class=\"__1 _d1\"> </span>                   44<span class=\"__1 _6\"></span> <span class=\"__1 _a8\"> </span>              8.02<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>                   1<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span></span>Ha<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>enda<span class=\"__1 _6\"></span> P<span class=\"__1 _6\"></span>\u00fabl<span class=\"__1 _4\"></span>i<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span> por<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>vers<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span> c<span class=\"__1 _6\"></span>onc<span class=\"__1 _6\"></span>ept<span class=\"__1 _5\"></span>os<span class=\"__1 _af\"> </span><span class=\"lsa1\">                 3<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>              5<span class=\"__1 _6\"></span>.374<span class=\"__1 _6\"></span> <span class=\"__1 _a8\"> </span>                 45<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>              4.68<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span></span>T<span class=\"__1 _5\"></span>ot<span class=\"__1 _6\"></span>a<span class=\"__1 _5\"></span>l<span class=\"__1 _200\"> </span>23<span class=\"__1 _6\"></span>.30<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span> <span class=\"__1 _8b\"> </span>9.20<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _1f\"> </span>2<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span>.03<span class=\"__1 _6\"></span>8 <span class=\"__1 _8b\"> </span>8<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>7<span class=\"__1 _6\"></span>97<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>23<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/1<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>22<span class=\"__1 _1bc\"> </span>32.4<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\"> Activos y pasivos por i<span class=\"__1 _5\"></span>mpuesto diferido <span class=\"__1 _5\"></span>reconocidos<span class=\"__1 _1bc\"> </span></span></span><span class=\"ff5\"><span class=\"ff3_1 fc3\"> </span></span>Las <span class=\"__1 _8\"></span>variacion<span class=\"__1 _6\"></span>es <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>han <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>roducido <span class=\"__1 _8\"></span>dura<span class=\"__1 _6\"></span>nte <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>ejercicios <span class=\"__1 _8\"></span>2023 <span class=\"__1 _8\"></span>y<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>2022 <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>esto<span class=\"__1 _6\"></span>s <span class=\"__1 _8\"></span>ep\u00edgrafes <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>Es<span class=\"__1 _6\"></span>tado <span class=\"__1 _8\"></span>de<span class=\"__1 _1bc\"> </span> Situaci\u00f3n Financiera Cons<span class=\"__1 _6\"></span>olidado han<span class=\"__1 _6\"></span> sido las siguientes:<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> Activos por Impuesto D<span class=\"__1 _6\"></span>iferido<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span> Miles de <span class=\"__1 _6\"></span>Eur<span class=\"__1 _5\"></span>os<span class=\"__1 _1bc\"> </span>2023<span class=\"__1 _a\"> </span>2022<span class=\"__1 _1bc\"> </span>Impuesto corrrie<span class=\"__1 _5\"></span>nte y otros                735<span class=\"__1 _6\"></span> <span class=\"__1 _c1\"> </span>           15.079<span class=\"__1 _1bc\"> </span>Por im<span class=\"__1 _6\"></span>puesto dife<span class=\"__1 _5\"></span>rido         (12.834)<span class=\"__1 _c1\"> </span>         (<span class=\"__1 _5\"></span>10.416)<span class=\"__1 _1bc\"> </span>Gasto /<span class=\"__1 _5\"></span> (Ingreso)  por<span class=\"__1 _5\"></span> I<span class=\"__1 _6\"></span>mpuesto sobre B<span class=\"__1 _6\"></span>e<span class=\"__1 _6\"></span>nefici<span class=\"__1 _70\"></span>os         (12.099<span class=\"__1 _6\"></span>)<span class=\"__1 _cc\"> </span>             4.<span class=\"__1 _6\"></span>663<span class=\"__1 _1bc\"> </span>La <span class=\"__1 _8\"></span>Ley <span class=\"__1 _4\"></span>27/2014, <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>27 <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>noviembre, <span class=\"__1 _4\"></span>del <span class=\"__1 _6\"></span>I<span class=\"__1 _6\"></span>mpuesto <span class=\"__1 _4\"></span>sobre <span class=\"__1 _8\"></span>Sociedades <span class=\"__1 _4\"></span>e<span class=\"__1 _5\"></span>limin\u00f3 <span class=\"__1 _4\"></span>con <span class=\"__1 _8\"></span>efectos <span class=\"__1 _4\"></span>1 <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>enero <span class=\"__1 _8\"></span>de<span class=\"__1 _6\"></span>l<span class=\"__1 _1bc\"> </span>2015 <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>plazo<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>establecido <span class=\"__1 _4\"></span>para <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>compensaci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>las<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>bases <span class=\"__1 _8\"></span>imponib<span class=\"__1 _6\"></span>les <span class=\"__1 _8\"></span>negativas<span class=\"__1 _6\"></span>, <span class=\"__1 _8\"></span>por <span class=\"__1 _4\"></span>lo <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>pas\u00f3 <span class=\"__1 _4\"></span>a <span class=\"__1 _8\"></span>ser<span class=\"__1 _1bc\"> </span>ilimitado, y ampli\u00f3 al menos<span class=\"__1 _6\"></span> a 15 a\u00f1<span class=\"__1 _6\"></span>os el plazo general d<span class=\"__1 _6\"></span>e compensaci\u00f3n de las<span class=\"__1 _6\"></span> deducciones.<span class=\"__1 _1bc\"> </span>Los activos <span class=\"__1 _5\"></span>por <span class=\"__1 _5\"></span>impuestos diferidos se <span class=\"__1 _70\"></span>corres<span class=\"__1 _6\"></span>ponden con <span class=\"__1 _70\"></span>deterioros sobre activos, <span class=\"__1 _5\"></span>provisiones, deducciones<span class=\"__1 _1bc\"> </span>bases imponib<span class=\"__1 _6\"></span>les pendientes <span class=\"__1 _6\"></span>de aplicar/compens<span class=\"__1 _6\"></span>ar, y diferencias en<span class=\"__1 _6\"></span>tre amortizaciones<span class=\"__1 _6\"></span> contab<span class=\"__1 _8\"></span>les y fis<span class=\"__1 _6\"></span>cales<span class=\"__1 _1bc\"> </span>derivadas <span class=\"__1 _4\"></span>principalmente <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>limitaci\u00f3n <span class=\"__1 _8\"></span>a <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>deducibilidad<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>la <span class=\"__1 _4\"></span>amortizaci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>contable <span class=\"__1 _8\"></span>in<span class=\"__1 _6\"></span>troducida <span class=\"__1 _4\"></span>con<span class=\"__1 _1bc\"> </span>car\u00e1cter temporal par<span class=\"__1 _6\"></span>a los ejercicios 2013 y 2014<span class=\"__1 _6\"></span>. ENCE <span class=\"__1 _ce\"> </span>s<span class=\"__1 _6\"></span>\u00f3lo <span class=\"__1 _ce\"> </span>reconoce <span class=\"__1 _ce\"> </span>activo<span class=\"__1 _6\"></span>s <span class=\"__1 _ce\"> </span>por <span class=\"__1 _ce\"> </span>impu<span class=\"__1 _6\"></span>esto <span class=\"__1 _ce\"> </span>diferido <span class=\"__1 _ce\"> </span>cuando <span class=\"__1 _cf\"> </span>considera <span class=\"__1 _ce\"> </span>prob<span class=\"__1 _6\"></span>able <span class=\"__1 _ce\"> </span>que <span class=\"__1 _cc\"> </span>las <span class=\"__1 _ce\"> </span>entidad<span class=\"__1 _6\"></span>es<span class=\"__1 _1bc\"> </span>(individualmente  o  de <span class=\"__1 _c6\"> </span>forma  consolidada)  que <span class=\"__1 _ca\"> </span>los  han <span class=\"__1 _c6\"> </span>generado  van  a<span class=\"__1 _5\"></span>  tener <span class=\"__1 _c6\"> </span>en  el <span class=\"__1 _ca\"> </span>futuro  suficientes<span class=\"__1 _1bc\"> </span>ganancias fiscales<span class=\"__1 _6\"></span> con las qu<span class=\"__1 _6\"></span>e hacerlos efectivos.<span class=\"__1 _1bc\"> </span>Miles de<span class=\"__1 _6\"></span> Euros<span class=\"__1 _1bc\"> </span>A\u00f1o<span class=\"__1 _5\"></span> 20<span class=\"__1 _6\"></span>23<span class=\"__1 _1bc\"> </span>Impue<span class=\"__1 _6\"></span>stos diferidos de activo<span class=\"__1 _5\"></span> reconocido<span class=\"__1 _5\"></span>s e<span class=\"__1 _6\"></span>n res<span class=\"__1 _6\"></span>ulta<span class=\"__1 _5\"></span>dos-<span class=\"__1 _1bc\"> </span>Amort<span class=\"__1 _6\"></span>izaci\u00f3n de activos<span class=\"__1 _6\"></span> no corrientes             1.879 <span class=\"__1 _cf\"> </span>                      - <span class=\"__1 _c9\"> </span>                    (940<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>                      - <span class=\"__1 _c9\"> </span>                93<span class=\"__1 _6\"></span>9<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _70\"></span>t<span class=\"__1 _6\"></span>erioro e<span class=\"__1 _5\"></span>n activos<span class=\"__1 _6\"></span> no corrientes             5.800 <span class=\"__1 _cf\"> </span>                253 <span class=\"__1 _cc\"> </span>                 (2.769)<span class=\"__1 _c9\"> </span>                535<span class=\"__1 _6\"></span> <span class=\"__1 _cc\"> </span>             3.819<span class=\"__1 _1bc\"> </span>Provis<span class=\"__1 _6\"></span>iones             3.259 <span class=\"__1 _cf\"> </span>                      - <span class=\"__1 _c9\"> </span>                    (635<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>                     1 <span class=\"__1 _cd\"> </span>             2.625<span class=\"__1 _1bc\"> </span>Comprom<span class=\"__1 _6\"></span>isos<span class=\"__1 _6\"></span> con el personal             1.460 <span class=\"__1 _cf\"> </span>                336 <span class=\"__1 _cc\"> </span>                        (1)<span class=\"__1 _cc\"> </span>                   94 <span class=\"__1 _c9\"> </span>             1.889<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _70\"></span>t<span class=\"__1 _6\"></span>erioro activos corrientes             2.577 <span class=\"__1 _cf\"> </span>                314 <span class=\"__1 _cc\"> </span>                    (433<span class=\"__1 _6\"></span>)<span class=\"__1 _cd\"> </span>                   (1)<span class=\"__1 _cf\"> </span>             2.457<span class=\"__1 _1bc\"> </span>Limit<span class=\"__1 _6\"></span>aci\u00f3n gastos<span class=\"__1 _6\"></span> financie<span class=\"__1 _5\"></span>ros y<span class=\"__1 _6\"></span> otros                118 <span class=\"__1 _cc\"> </span>                      - <span class=\"__1 _cd\"> </span>                      (42)<span class=\"__1 _ce\"> </span>                 (16)<span class=\"__1 _ce\"> </span>                   6<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span>Arrendamientos (IFRS-16)             7.693 <span class=\"__1 _cf\"> </span>                293 <span class=\"__1 _cc\"> </span>                           - <span class=\"__1 _cd\"> </span>                   88 <span class=\"__1 _c9\"> </span>             8<span class=\"__1 _6\"></span>.074<span class=\"__1 _1bc\"> </span>Socieda<span class=\"__1 _5\"></span>des no residentes y ajust<span class=\"__1 _6\"></span>es de consolidaci\u00f3n             3.374 <span class=\"__1 _cf\"> </span>                   12 <span class=\"__1 _c9\"> </span>                    (159)<span class=\"__1 _cd\"> </span>                 (88)<span class=\"__1 _ce\"> </span>             3<span class=\"__1 _6\"></span>.139<span class=\"__1 _1bc\"> </span>Base<span class=\"__1 _5\"></span>s Im<span class=\"__1 _6\"></span>ponibles Negativas           44.583 <span class=\"__1 _ce\"> </span>           18.375 <span class=\"__1 _ce\"> </span>                 (1.<span class=\"__1 _5\"></span>482<span class=\"__1 _6\"></span>)<span class=\"__1 _cb\"> </span>            (1.201)<span class=\"__1 _c9\"> </span>           60.275<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _70\"></span>ducciones             9.875 <span class=\"__1 _cf\"> </span>                     4 <span class=\"__1 _cd\"> </span>                        (6)<span class=\"__1 _cf\"> </span>             1<span class=\"__1 _6\"></span>.405 <span class=\"__1 _cf\"> </span>           11.278           80.<span class=\"__1 _6\"></span>618<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>           19.<span class=\"__1 _6\"></span>587 <span class=\"__1 _c9\"> </span>                (6.4<span class=\"__1 _6\"></span>67)<span class=\"__1 _cc\"> </span>                817 <span class=\"__1 _cc\"> </span>           9<span class=\"__1 _6\"></span>4.5<span class=\"__1 _6\"></span>55<span class=\"__1 _1bc\"> </span>Impue<span class=\"__1 _6\"></span>stos diferidos de activo<span class=\"__1 _5\"></span> reconocido<span class=\"__1 _5\"></span>s e<span class=\"__1 _6\"></span>n patri<span class=\"__1 _5\"></span>monio-<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _70\"></span>riv<span class=\"__1 _6\"></span>ados de cobertura (Nota 30<span class=\"__1 _6\"></span>)                   89 <span class=\"__1 _c9\"> </span>                70<span class=\"__1 _6\"></span>6 <span class=\"__1 _cc\"> </span>                    (353)<span class=\"__1 _cd\"> </span>                   (1)<span class=\"__1 _cf\"> </span>                44<span class=\"__1 _6\"></span>1                   89 <span class=\"__1 _c9\"> </span>                70<span class=\"__1 _6\"></span>6 <span class=\"__1 _cc\"> </span>                    (353)<span class=\"__1 _cd\"> </span>                   (<span class=\"__1 _5\"></span>1)<span class=\"__1 _cf\"> </span>                4<span class=\"__1 _6\"></span>41<span class=\"__1 _1bc\"> </span>To<span class=\"__1 _5\"></span>tal           80.<span class=\"__1 _6\"></span>707<span class=\"__1 _6\"></span> <span class=\"__1 _202\"> </span>           94.<span class=\"__1 _6\"></span>996<span class=\"__1 _1bc\"> </span>Sal<span class=\"__1 _5\"></span>do a<span class=\"__1 _5\"></span>l<span class=\"__1 _1bc\"> </span>01<span class=\"__1 _6\"></span>/01/20<span class=\"__1 _6\"></span>23<span class=\"__1 _1bc\"> </span>Sal<span class=\"__1 _5\"></span>do a<span class=\"__1 _5\"></span>l<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/12/20<span class=\"__1 _6\"></span>23<span class=\"__1 _1bc\"> </span>Tra<span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>pasos y<span class=\"__1 _1bc\"> </span>otros<span class=\"__1 _1bc\"> </span>Disminucio<span class=\"__1 _5\"></span>nes<span class=\"__1 _1bc\"> </span>Aumentos<span class=\"__1 _1bc\"> </span>Miles de<span class=\"__1 _6\"></span> Euros<span class=\"__1 _1bc\"> </span>A\u00f1o<span class=\"__1 _5\"></span> 20<span class=\"__1 _6\"></span>22<span class=\"__1 _1bc\"> </span>Aumentos<span class=\"__1 _a8\"> </span>Disminucion<span class=\"__1 _5\"></span>es<span class=\"__1 _1bc\"> </span>Tra<span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>pasos y<span class=\"__1 _1bc\"> </span>otros<span class=\"__1 _1bc\"> </span>Impue<span class=\"__1 _6\"></span>stos diferidos de activo<span class=\"__1 _5\"></span> reconocido<span class=\"__1 _5\"></span>s e<span class=\"__1 _6\"></span>n res<span class=\"__1 _6\"></span>ulta<span class=\"__1 _5\"></span>dos-   Am<span class=\"__1 _6\"></span>ort<span class=\"__1 _6\"></span>izaci\u00f3n de activos n<span class=\"__1 _6\"></span>o corriente<span class=\"__1 _5\"></span>s             2.818 <span class=\"__1 _cf\"> </span>                      - <span class=\"__1 _cd\"> </span>                    (940)<span class=\"__1 _cd\"> </span>                     1 <span class=\"__1 _cd\"> </span>             1<span class=\"__1 _6\"></span>.879   Dete<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>ioro en activos <span class=\"__1 _6\"></span>no corrientes             2.543 <span class=\"__1 _cf\"> </span>             5.101 <span class=\"__1 _cf\"> </span>                 (1.796)<span class=\"__1 _c9\"> </span>                 (48)<span class=\"__1 _ce\"> </span>             5.800   P<span class=\"__1 _6\"></span>rovis<span class=\"__1 _6\"></span>iones             2.955 <span class=\"__1 _cf\"> </span>                307<span class=\"__1 _6\"></span> <span class=\"__1 _cc\"> </span>                        (3)<span class=\"__1 _cf\"> </span>                      - <span class=\"__1 _cd\"> </span>             3.259   Com<span class=\"__1 _6\"></span>promi<span class=\"__1 _6\"></span>sos<span class=\"__1 _6\"></span> con el pe<span class=\"__1 _5\"></span>rsonal             1.406 <span class=\"__1 _cf\"> </span>                   66 <span class=\"__1 _c9\"> </span>                      (96)<span class=\"__1 _cf\"> </span>                   84 <span class=\"__1 _c9\"> </span>             1.460   Dete<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>ioro activos<span class=\"__1 _6\"></span> corrientes             1.917 <span class=\"__1 _cf\"> </span>                716<span class=\"__1 _6\"></span> <span class=\"__1 _cc\"> </span>                      (56)<span class=\"__1 _ce\"> </span>                      - <span class=\"__1 _cd\"> </span>             2.577   Lim<span class=\"__1 _6\"></span>itaci\u00f3n gast<span class=\"__1 _6\"></span>os financieros y <span class=\"__1 _6\"></span>otros             1.567 <span class=\"__1 _cf\"> </span>                      - <span class=\"__1 _cd\"> </span>                 (1.<span class=\"__1 _5\"></span>450)<span class=\"__1 _c9\"> </span>                     1 <span class=\"__1 _ce\"> </span>                118   Arr<span class=\"__1 _6\"></span>enda<span class=\"__1 _5\"></span>mientos<span class=\"__1 _6\"></span> (IFRS-16)                      - <span class=\"__1 _c9\"> </span>             7<span class=\"__1 _6\"></span>.693 <span class=\"__1 _cf\"> </span>                           - <span class=\"__1 _cd\"> </span>                      - <span class=\"__1 _c9\"> </span>             7<span class=\"__1 _6\"></span>.693   Sociedade<span class=\"__1 _5\"></span>s no <span class=\"__1 _6\"></span>residente<span class=\"__1 _5\"></span>s y<span class=\"__1 _6\"></span> ajust<span class=\"__1 _6\"></span>es de consolidaci\u00f3n             3.618 <span class=\"__1 _cf\"> </span>                      - <span class=\"__1 _cd\"> </span>                    (244)<span class=\"__1 _cd\"> </span>                      - <span class=\"__1 _cd\"> </span>             3.374   Bases Imponibl<span class=\"__1 _6\"></span>es Nega<span class=\"__1 _5\"></span>tivas           30.339 <span class=\"__1 _ce\"> </span>                   65 <span class=\"__1 _c9\"> </span>                 (6.240)<span class=\"__1 _c9\"> </span>           20.419<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>           44<span class=\"__1 _6\"></span>.583   Deduc<span class=\"__1 _5\"></span>cione<span class=\"__1 _5\"></span>s           14.513 <span class=\"__1 _ce\"> </span>                   17 <span class=\"__1 _c9\"> </span>                 (4.696)<span class=\"__1 _c9\"> </span>                   41 <span class=\"__1 _c9\"> </span>             9<span class=\"__1 _6\"></span>.875           61.<span class=\"__1 _6\"></span>676<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>           13.<span class=\"__1 _6\"></span>965<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>              (15.52<span class=\"__1 _6\"></span>1)<span class=\"__1 _ce\"> </span>           20<span class=\"__1 _6\"></span>.49<span class=\"__1 _6\"></span>8 <span class=\"__1 _c9\"> </span>           80<span class=\"__1 _6\"></span>.6<span class=\"__1 _6\"></span>18<span class=\"__1 _1bc\"> </span>Impue<span class=\"__1 _6\"></span>stos diferidos de activo<span class=\"__1 _5\"></span> reconocido<span class=\"__1 _5\"></span>s e<span class=\"__1 _6\"></span>n patri<span class=\"__1 _5\"></span>monio-   Inst<span class=\"__1 _6\"></span>rumentos<span class=\"__1 _6\"></span> financie<span class=\"__1 _5\"></span>ros d<span class=\"__1 _6\"></span>e c<span class=\"__1 _5\"></span>obertura (Nota 32<span class=\"__1 _6\"></span>)             2.473 <span class=\"__1 _cf\"> </span>                   49 <span class=\"__1 _c9\"> </span>                 (2.434)<span class=\"__1 _c9\"> </span>                      - <span class=\"__1 _cd\"> </span>                   89             2.4<span class=\"__1 _6\"></span>73 <span class=\"__1 _ce\"> </span>                   49 <span class=\"__1 _c9\"> </span>                (2.43<span class=\"__1 _6\"></span>4)<span class=\"__1 _cc\"> </span>                      - <span class=\"__1 _c9\"> </span>                   8<span class=\"__1 _6\"></span>9<span class=\"__1 _1bc\"> </span>To<span class=\"__1 _5\"></span>tal           64.<span class=\"__1 _6\"></span>149<span class=\"__1 _6\"></span> <span class=\"__1 _32\"> </span>           80.<span class=\"__1 _6\"></span>707<span class=\"__1 _1bc\"> </span>Sal<span class=\"__1 _5\"></span>do a<span class=\"__1 _5\"></span>l<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/12/20<span class=\"__1 _6\"></span>22<span class=\"__1 _1bc\"> </span>Sal<span class=\"__1 _5\"></span>do a<span class=\"__1 _5\"></span>l<span class=\"__1 _1bc\"> </span>01<span class=\"__1 _6\"></span>/01/20<span class=\"__1 _6\"></span>22<span class=\"__1 _1bc\"> </span>En <span class=\"__1 _8\"></span>cad<span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>cierre <span class=\"__1 _8\"></span>con<span class=\"__1 _6\"></span>table <span class=\"__1 _8\"></span>se <span class=\"__1 _4\"></span>revisan <span class=\"__1 _8\"></span>los <span class=\"__1 _8\"></span>impues<span class=\"__1 _6\"></span>tos <span class=\"__1 _8\"></span>d<span class=\"__1 _6\"></span>iferidos <span class=\"__1 _8\"></span>de <span class=\"__1 _8\"></span>activo <span class=\"__1 _4\"></span>registrados, <span class=\"__1 _8\"></span>con<span class=\"__1 _6\"></span> <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>fin<span class=\"__1 _8\"></span> <span class=\"__1 _8\"></span>de <span class=\"__1 _4\"></span>comproba<span class=\"__1 _1bc\"> </span>r<span class=\"__1 _1bc\"> </span>que <span class=\"__1 _8\"></span>se <span class=\"__1 _6\"></span>mantienen <span class=\"__1 _8\"></span>vig<span class=\"__1 _6\"></span>entes <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>que <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>con<span class=\"__1 _6\"></span>sideran <span class=\"__1 _8\"></span>recuperables <span class=\"__1 _8\"></span>en <span class=\"__1 _8\"></span>un <span class=\"__1 _8\"></span>plazo <span class=\"__1 _8\"></span>aproximado <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>10 <span class=\"__1 _8\"></span>a\u00f1os. <span class=\"__1 _8\"></span>Dicho<span class=\"__1 _1bc\"> </span>s<span class=\"__1 _1bc\"> </span>an\u00e1lisis se basan en: (i) la <span class=\"__1 _5\"></span>consideraci\u00f3n de hip\u00f3tesis para concluir sobre existencia de <span class=\"__1 _5\"></span>suficientes ganancia<span class=\"__1 _1bc\"> </span>s<span class=\"__1 _1bc\"> </span>fiscales que <span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>ermitan compens<span class=\"__1 _6\"></span>ar dichas p\u00e9rdidas fiscales <span class=\"__1 _70\"></span>que coinciden con las <span class=\"__1 _70\"></span>u<span class=\"__1 _6\"></span>tilizadas en <span class=\"__1 _5\"></span>la ejecuci\u00f3n d<span class=\"__1 _1bc\"> </span>e<span class=\"__1 _1bc\"> </span>los tes<span class=\"__1 _6\"></span>t de <span class=\"__1 _6\"></span>deterioro so<span class=\"__1 _6\"></span>bre activos<span class=\"__1 _6\"></span> no <span class=\"__1 _6\"></span>financieros <span class=\"__1 _6\"></span>(v\u00e9ase N<span class=\"__1 _6\"></span>ota <span class=\"__1 _6\"></span><span class=\"ls12\">19</span>); y<span class=\"__1 _6\"></span> (ii) el <span class=\"__1 _6\"></span>per\u00edodo <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>l\u00edmites es<span class=\"__1 _6\"></span>tablecidos <span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span>n<span class=\"__1 _1bc\"> </span>la legislaci\u00f3n para la <span class=\"__1 _6\"></span>recuperaci\u00f3n de los<span class=\"__1 _6\"></span> cr\u00e9ditos fiscales.<span class=\"__1 _1bc\"> </span>En<span class=\"ls0_1\"> <span class=\"__1 _4\"></span>su <span class=\"__1 _4\"></span>mayor <span class=\"__1 _4\"></span>parte <span class=\"__1 _4\"></span>las <span class=\"__1 _8\"></span>BIN\u00b4s<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>y <span class=\"__1 _4\"></span>deducciones <span class=\"__1 _4\"></span>acreditadas <span class=\"__1 _4\"></span>se <span class=\"__1 _4\"></span>podr\u00e1n <span class=\"__1 _4\"></span>compensar <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>el<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>marco <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>grupo<span class=\"__1 _1bc\"> </span></span><span class=\"ls0_1\">s<span class=\"__1 _1bc\"> </span></span>fiscales <span class=\"__1 _c6\"> </span>indicados. <span class=\"__1 _ca\"> </span>Tienen <span class=\"__1 _c6\"> </span>un <span class=\"__1 _c6\"> </span>car\u00e1cter <span class=\"__1 _c6\"> </span>previo<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>a <span class=\"__1 _c6\"> </span>s<span class=\"__1 _6\"></span>u <span class=\"__1 _c6\"> </span>incorp<span class=\"__1 _6\"></span>oraci\u00f3n <span class=\"__1 _c6\"> </span>al <span class=\"__1 _c6\"> </span>Grupo<span class=\"__1 _6\"></span><span class=\"ff6\">, <span class=\"__1 _c6\"> </span>BIN\u00b4s <span class=\"__1 _c6\"> </span>por <span class=\"__1 _c6\"> </span>10,6 <span class=\"__1 _c6\"> </span>mil<span class=\"__1 _6\"></span>lones <span class=\"__1 _c6\"> </span>\u20ac <span class=\"__1 _c6\"> </span></span><span class=\"ff6\">y<span class=\"__1 _1bc\"> </span></span>deducciones por 5,2 <span class=\"__1 _6\"></span>millones \u20ac.<span class=\"__1 _1bc\"> </span>Los <span class=\"__1 _4\"></span>flujos <span class=\"__1 _4\"></span>previstos <span class=\"__1 _4\"></span>permiten <span class=\"__1 _4\"></span>concluir <span class=\"__1 _4\"></span>que <span class=\"__1 _4\"></span>los <span class=\"__1 _4\"></span>activos <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>or <span class=\"__1 _4\"></span>im<span class=\"__1 _5\"></span>puesto <span class=\"__1 _4\"></span>diferido <span class=\"__1 _4\"></span>del <span class=\"__1 _4\"></span>Grupo <span class=\"__1 _4\"></span>son, <span class=\"__1 _4\"></span>en <span class=\"__1 _8\"></span>su <span class=\"__1 _4\"></span>mayo<span class=\"__1 _1bc\"> </span>r<span class=\"__1 _1bc\"> </span>parte, <span class=\"__1 _8\"></span>recuperables <span class=\"__1 _8\"></span>en <span class=\"__1 _6\"></span>un <span class=\"__1 _8\"></span>plazo <span class=\"__1 _8\"></span>aproximado<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>10 <span class=\"__1 _8\"></span>a\u00f1os. <span class=\"__1 _8\"></span>El <span class=\"__1 _8\"></span>importe <span class=\"__1 _6\"></span>de <span class=\"__1 _8\"></span>las <span class=\"__1 _8\"></span>diferencias <span class=\"__1 _8\"></span>temporales <span class=\"__1 _8\"></span>y <span class=\"__1 _8\"></span>base<span class=\"__1 _1bc\"> </span>s<span class=\"__1 _1bc\"> </span>imponibles <span class=\"__1 _6\"></span>negativas <span class=\"__1 _6\"></span>acredita<span class=\"__1 _6\"></span>das <span class=\"__1 _8\"></span>en Esp<span class=\"__1 _6\"></span>a\u00f1a <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>no <span class=\"__1 _6\"></span>reconocidas <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>Estad<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>Situaci\u00f3n <span class=\"__1 _6\"></span>financiera <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>31 d<span class=\"__1 _1bc\"> </span><span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span>diciembre <span class=\"__1 _cd\"> </span>de <span class=\"__1 _cd\"> </span>2023 <span class=\"__1 _cd\"> </span>asciende <span class=\"__1 _cd\"> </span>a <span class=\"__1 _cd\"> </span>14,0 <span class=\"__1 _cd\"> </span><span class=\"ff6\">millones <span class=\"__1 _cd\"> </span>\u20ac <span class=\"__1 _cd\"> </span>y <span class=\"__1 _cd\"> </span>(18,<span class=\"__1 _6\"></span>0 <span class=\"__1 _c9\"> </span>millones<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>\u20ac <span class=\"__1 _cd\"> </span>al <span class=\"__1 _c9\"> </span>31 <span class=\"__1 _cd\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _cd\"> </span>diciembre <span class=\"__1 _c9\"> </span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _cd\"> </span>2022)<span class=\"__1 _1bc\"> </span></span><span class=\"ff6\">.<span class=\"__1 _1bc\"> </span></span>Adicionalmente, <span class=\"__1 _6\"></span>no <span class=\"__1 _8\"></span>se <span class=\"__1 _6\"></span>reconocen <span class=\"__1 _8\"></span>las <span class=\"__1 _6\"></span>BIN\u00b4s <span class=\"__1 _8\"></span>acreditadas <span class=\"__1 _6\"></span>en <span class=\"__1 _6\"></span>Portu<span class=\"__1 _6\"></span>gal <span class=\"__1 _6\"></span>por <span class=\"__1 _8\"></span>importe <span class=\"__1 _6\"></span>de <span class=\"__1 _4\"></span>1,4 <span class=\"ff6\">millones <span class=\"__1 _8\"></span>\u20ac <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>cierr<span class=\"__1 _1bc\"> </span></span><span class=\"ff6\">e<span class=\"__1 _1bc\"> </span></span>de 2023.<span class=\"__1 _1bc\"> </span>Con <span class=\"__1 _70\"></span>fecha <span class=\"__1 _5\"></span>29 <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>diciembre <span class=\"__1 _70\"></span>de <span class=\"__1 _70\"></span>2021 <span class=\"__1 _5\"></span>se <span class=\"__1 _70\"></span>pub<span class=\"__1 _6\"></span>lic\u00f3 <span class=\"__1 _70\"></span>en <span class=\"__1 _70\"></span>el <span class=\"__1 _70\"></span>BOE<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>la <span class=\"__1 _5\"></span>Ley <span class=\"__1 _70\"></span>22/2021, <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>28 <span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _70\"></span>diciembre, <span class=\"__1 _70\"></span>de <span class=\"__1 _5\"></span>Presupuesto<span class=\"__1 _1bc\"> </span>s<span class=\"__1 _1bc\"> </span>Generales del <span class=\"__1 _6\"></span>Estado<span class=\"__1 _6\"></span> para <span class=\"__1 _6\"></span>el a\u00f1o <span class=\"__1 _6\"></span>2022 <span class=\"__1 _6\"></span>(LPGE) po<span class=\"__1 _6\"></span>r la <span class=\"__1 _6\"></span>cual s<span class=\"__1 _6\"></span>e modifica <span class=\"__1 _6\"></span>la Ley <span class=\"__1 _6\"></span>del Impu<span class=\"__1 _6\"></span>esto <span class=\"__1 _6\"></span>sobre <span class=\"__1 _6\"></span>Sociedade<span class=\"__1 _1bc\"> </span>s<span class=\"__1 _1bc\"> </span>estableciendo <span class=\"__1 _6\"></span>qu<span class=\"__1 _6\"></span>e, <span class=\"__1 _6\"></span>para <span class=\"__1 _8\"></span>los <span class=\"__1 _6\"></span>ejercicios <span class=\"__1 _6\"></span>q<span class=\"__1 _6\"></span>ue <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>in<span class=\"__1 _6\"></span>icien <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>partir <span class=\"__1 _6\"></span>del <span class=\"__1 _8\"></span>1 <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>en<span class=\"__1 _6\"></span>ero <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>022, <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>plica <span class=\"__1 _8\"></span>el <span class=\"__1 _6\"></span>concept<span class=\"__1 _1bc\"> </span>o<span class=\"__1 _1bc\"> </span>de  \u201ctributaci\u00f3n  m\u00ednima\u201d <span class=\"__1 _c6\"> </span>en  Espa\u00f1a.  ENCE <span class=\"__1 _c6\"> </span>ha <span class=\"__1 _150\"> </span><span class=\"ff4\">ten<span class=\"__1 _6\"></span>ido  en<span class=\"__1 _5\"></span> <span class=\"__1 _ca\"> </span>cuenta  esta <span class=\"__1 _ca\"> </span>modificaci\u00f3n  en <span class=\"__1 _c6\"> </span>el  an\u00e1lisis  de <span class=\"__1 _c6\"> </span>l<span class=\"__1 _1bc\"> </span></span><span class=\"ff4\">a<span class=\"__1 _1bc\"> </span></span>recuperabilidad de <span class=\"__1 _6\"></span>sus cr\u00e9ditos<span class=\"__1 _6\"></span> fiscales.<span class=\"__1 _1bc\"> </span>Pasivos por Impuesto<span class=\"__1 _6\"></span> Diferido<span class=\"__1 _1bc\"> </span>Miles de<span class=\"__1 _6\"></span> Euros<span class=\"__1 _1bc\"> </span>A\u00f1o<span class=\"__1 _5\"></span> 20<span class=\"__1 _6\"></span>23<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _6\"></span>conoci<span class=\"__1 _5\"></span>dos en re<span class=\"__1 _6\"></span>sultad<span class=\"__1 _5\"></span>os-<span class=\"__1 _1bc\"> </span>Libertad de<span class=\"__1 _5\"></span> amort<span class=\"__1 _6\"></span>izaci\u00f3n (RD<span class=\"__1 _5\"></span>L 4/<span class=\"__1 _6\"></span>20<span class=\"__1 _6\"></span>04<span class=\"__1 _6\"></span>)                549 <span class=\"__1 _cc\"> </span>                      - <span class=\"__1 _cd\"> </span>                    (170)<span class=\"__1 _c9\"> </span>                      - <span class=\"__1 _cd\"> </span>                379<span class=\"__1 _1bc\"> </span>Gast<span class=\"__1 _6\"></span>os financieros                   35 <span class=\"__1 _c9\"> </span>                      - <span class=\"__1 _c9\"> </span>                      (16)<span class=\"__1 _ce\"> </span>                   (1)<span class=\"__1 _cf\"> </span>                   1<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span>Dividendos futuros                      - <span class=\"__1 _c9\"> </span>                      - <span class=\"__1 _cd\"> </span>                           - <span class=\"__1 _c9\"> </span>             1.926 <span class=\"__1 _cf\"> </span>             1.926<span class=\"__1 _1bc\"> </span>Arrendamientos (IFRS-16)             7.795 <span class=\"__1 _cf\"> </span>                   95 <span class=\"__1 _c9\"> </span>                           - <span class=\"__1 _c9\"> </span>                   (3)<span class=\"__1 _cf\"> </span>             7.887<span class=\"__1 _1bc\"> </span>Ajust<span class=\"__1 _6\"></span>es de consolidaci\u00f3n y ot<span class=\"__1 _6\"></span>ros             3.714 <span class=\"__1 _cf\"> </span>             2.281 <span class=\"__1 _ce\"> </span>                 (2.420)<span class=\"__1 _c9\"> </span>            (1.<span class=\"__1 _5\"></span>737<span class=\"__1 _6\"></span>)<span class=\"__1 _cb\"> </span>             1<span class=\"__1 _6\"></span>.838           12.<span class=\"__1 _6\"></span>093 <span class=\"__1 _c9\"> </span>             2<span class=\"__1 _6\"></span>.37<span class=\"__1 _6\"></span>6 <span class=\"__1 _cd\"> </span>                (2.606<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>                185<span class=\"__1 _6\"></span> <span class=\"__1 _cc\"> </span>           12.0<span class=\"__1 _6\"></span>48<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _6\"></span>conoci<span class=\"__1 _5\"></span>dos en patrimon<span class=\"__1 _5\"></span>io-<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _5\"></span>valorizaci\u00f3n s<span class=\"__1 _6\"></span>uelos forestales (Nota 16<span class=\"__1 _6\"></span>.3)           13.510 <span class=\"__1 _cd\"> </span>                      - <span class=\"__1 _cd\"> </span>                           - <span class=\"__1 _c9\"> </span>                      - <span class=\"__1 _cd\"> </span>           13.510<span class=\"__1 _1bc\"> </span>Bono convertible (Nota 28)                137 <span class=\"__1 _cc\"> </span>                      - <span class=\"__1 _cd\"> </span>                    (137)<span class=\"__1 _c9\"> </span>                      - <span class=\"__1 _cd\"> </span>                      -<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _70\"></span>riv<span class=\"__1 _6\"></span>ados de cobertura (Nota 30<span class=\"__1 _6\"></span>)                      - <span class=\"__1 _c9\"> </span>                     1 <span class=\"__1 _cd\"> </span>                    (777<span class=\"__1 _6\"></span>)<span class=\"__1 _c9\"> </span>             1<span class=\"__1 _6\"></span>.744 <span class=\"__1 _ce\"> </span>                9<span class=\"__1 _6\"></span>68<span class=\"__1 _1bc\"> </span>Ajust<span class=\"__1 _6\"></span>es de consolidaci\u00f3n y ot<span class=\"__1 _6\"></span>ros             1.978 <span class=\"__1 _cf\"> </span>                338 <span class=\"__1 _cc\"> </span>                      (97)<span class=\"__1 _ce\"> </span>            (1.747)<span class=\"__1 _c9\"> </span>                472           15.<span class=\"__1 _6\"></span>625 <span class=\"__1 _c9\"> </span>                3<span class=\"__1 _6\"></span>39 <span class=\"__1 _cc\"> </span>                (1.011<span class=\"__1 _6\"></span>)<span class=\"__1 _cf\"> </span>                   (3)<span class=\"__1 _cf\"> </span>           14.9<span class=\"__1 _6\"></span>50<span class=\"__1 _1bc\"> </span>To<span class=\"__1 _5\"></span>tal           27.<span class=\"__1 _6\"></span>718 <span class=\"__1 _203\"> </span>           26.<span class=\"__1 _6\"></span>998<span class=\"__1 _1bc\"> </span>Sal<span class=\"__1 _5\"></span>do a<span class=\"__1 _5\"></span>l<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/12/20<span class=\"__1 _6\"></span>23<span class=\"__1 _1bc\"> </span>Tra<span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>pasos y<span class=\"__1 _1bc\"> </span>otros<span class=\"__1 _1bc\"> </span>Disminucio<span class=\"__1 _5\"></span>nes<span class=\"__1 _1bc\"> </span>Aumentos<span class=\"__1 _1bc\"> </span>Sal<span class=\"__1 _5\"></span>do a<span class=\"__1 _5\"></span>l<span class=\"__1 _1bc\"> </span>01<span class=\"__1 _6\"></span>/01/20<span class=\"__1 _6\"></span>23<span class=\"__1 _1bc\"> </span>Como <span class=\"__1 _6\"></span>con<span class=\"__1 _6\"></span>secuencia <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>mo<span class=\"__1 _6\"></span>dificaci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>la <span class=\"__1 _8\"></span>Norma <span class=\"__1 _8\"></span>Intern<span class=\"__1 _6\"></span>acional <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>Conta<span class=\"__1 _6\"></span>bilidad <span class=\"__1 _8\"></span>NIC<span class=\"__1 _6\"></span>-12 <span class=\"__1 _8\"></span>cuya <span class=\"__1 _8\"></span>entrada <span class=\"__1 _8\"></span>en<span class=\"__1 _1bc\"> </span>vigor <span class=\"__1 _c8\"> </span>se <span class=\"__1 _c8\"> </span>ha <span class=\"__1 _c6\"> </span>producido <span class=\"__1 _c8\"> </span>el <span class=\"__1 _c8\"> </span>1 <span class=\"__1 _c6\"> </span>de <span class=\"__1 _c8\"></span>enero <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"></span>2023, <span class=\"__1 _c8\"> </span>con <span class=\"__1 _c8\"> </span>efecto<span class=\"__1 _6\"></span>s <span class=\"__1 _c8\"> </span>retroactivos<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>al <span class=\"__1 _c8\"> </span>1 <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"></span>enero <span class=\"__1 _c8\"> </span>de <span class=\"__1 _c8\"> </span>2022, <span class=\"__1 _c8\"> </span>pas<span class=\"__1 _6\"></span>an <span class=\"__1 _c8\"> </span>a<span class=\"__1 _1bc\"> </span>reconocerse activos<span class=\"__1 _6\"></span> y pas<span class=\"__1 _6\"></span>ivos por impuesto d<span class=\"__1 _6\"></span>iferido por los <span class=\"__1 _6\"></span>contrato<span class=\"__1 _6\"></span>s de arrendamiento r<span class=\"__1 _6\"></span>egistrados b<span class=\"__1 _6\"></span>ajo la<span class=\"__1 _1bc\"> </span>normativa conta<span class=\"__1 _6\"></span>ble internacional IFRS<span class=\"__1 _6\"></span>-16 (v\u00e9ase Nota<span class=\"__1 _6\"></span> 2.6).<span class=\"__1 _1bc\"> </span>Miles de<span class=\"__1 _6\"></span> Euros<span class=\"__1 _1bc\"> </span>A\u00f1o<span class=\"__1 _5\"></span> 20<span class=\"__1 _6\"></span>22<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _6\"></span>conoci<span class=\"__1 _5\"></span>dos en re<span class=\"__1 _6\"></span>sultad<span class=\"__1 _5\"></span>os-   Libertad de amortiz<span class=\"__1 _6\"></span>aci\u00f3n (RD<span class=\"__1 _70\"></span>L 4<span class=\"__1 _6\"></span>/2<span class=\"__1 _6\"></span>00<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>)                731 <span class=\"__1 _d1\"> </span>                      - <span class=\"__1 _cd\"> </span>                    (182)<span class=\"__1 _cd\"> </span>                      - <span class=\"__1 _cd\"> </span>                549   G<span class=\"__1 _6\"></span>astos<span class=\"__1 _6\"></span> financie<span class=\"__1 _5\"></span>ros                   51 <span class=\"__1 _c9\"> </span>                      - <span class=\"__1 _cd\"> </span>                      (16)<span class=\"__1 _cf\"> </span>                      - <span class=\"__1 _cd\"> </span>                   35   Arr<span class=\"__1 _6\"></span>enda<span class=\"__1 _5\"></span>mientos<span class=\"__1 _6\"></span> (IFRS-16)                      - <span class=\"__1 _cd\"> </span>             7.795 <span class=\"__1 _cf\"> </span>                           - <span class=\"__1 _cd\"> </span>                      - <span class=\"__1 _cd\"> </span>             7.795   Ajus<span class=\"__1 _6\"></span>tes de consolidaci\u00f3n y<span class=\"__1 _6\"></span> otros             3.690 <span class=\"__1 _cf\"> </span>             1.948<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>                 (1.<span class=\"__1 _5\"></span>926<span class=\"__1 _6\"></span>)<span class=\"__1 _c9\"> </span>                     2 <span class=\"__1 _cd\"> </span>             3.714             4.4<span class=\"__1 _6\"></span>72 <span class=\"__1 _ce\"> </span>             9.<span class=\"__1 _6\"></span>743<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                (2.12<span class=\"__1 _6\"></span>4)<span class=\"__1 _cc\"> </span>                     2 <span class=\"__1 _ce\"> </span>           12.<span class=\"__1 _6\"></span>093<span class=\"__1 _1bc\"> </span>Re<span class=\"__1 _6\"></span>conoci<span class=\"__1 _5\"></span>dos en patrimon<span class=\"__1 _5\"></span>io-   Revalorizaci\u00f3n suelos forestales (Nota 1<span class=\"__1 _6\"></span>7.3)           13.510 <span class=\"__1 _ce\"> </span>                      - <span class=\"__1 _cd\"> </span>                           - <span class=\"__1 _cd\"> </span>                      - <span class=\"__1 _cd\"> </span>           13.510   Bono convertible (Nota 30<span class=\"__1 _6\"></span>)                196 <span class=\"__1 _d1\"> </span>                      - <span class=\"__1 _cd\"> </span>                      (59)<span class=\"__1 _ce\"> </span>                      - <span class=\"__1 _cd\"> </span>                13<span class=\"__1 _6\"></span>7   Ajus<span class=\"__1 _6\"></span>tes de consolidaci\u00f3n y<span class=\"__1 _6\"></span> otros                408 <span class=\"__1 _d1\"> </span>             2.199 <span class=\"__1 _cf\"> </span>                    (629)<span class=\"__1 _ce\"> </span>                      - <span class=\"__1 _cd\"> </span>             1.978           14.<span class=\"__1 _6\"></span>114<span class=\"__1 _6\"></span> <span class=\"__1 _c9\"> </span>             2.<span class=\"__1 _6\"></span>199<span class=\"__1 _6\"></span> <span class=\"__1 _cd\"> </span>                    (688)<span class=\"__1 _cd\"> </span>                      - <span class=\"__1 _cd\"> </span>           15<span class=\"__1 _6\"></span>.62<span class=\"__1 _6\"></span>5<span class=\"__1 _1bc\"> </span>To<span class=\"__1 _5\"></span>tal           18.<span class=\"__1 _6\"></span>586<span class=\"__1 _6\"></span> <span class=\"__1 _197\"> </span>           27.<span class=\"__1 _6\"></span>718<span class=\"__1 _1bc\"> </span>Sal<span class=\"__1 _5\"></span>do a<span class=\"__1 _5\"></span>l<span class=\"__1 _1bc\"> </span>01<span class=\"__1 _6\"></span>/01/20<span class=\"__1 _6\"></span>22<span class=\"__1 _1bc\"> </span>AumentosDisminucio<span class=\"__1 _5\"></span>nes<span class=\"__1 _1bc\"> </span>Tra<span class=\"__1 _70\"></span>s<span class=\"__1 _6\"></span>pa<span class=\"__1 _5\"></span>sos y<span class=\"__1 _1bc\"> </span>otros<span class=\"__1 _1bc\"> </span>Sal<span class=\"__1 _5\"></span>do a<span class=\"__1 _5\"></span>l<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span>/12/20<span class=\"__1 _6\"></span>22<span class=\"__1 _1bc\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-45": {
   "value": "34.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Operaciones con empresas del grupo y vinculad<span class=\"__1 _5\"></span>as<span class=\"__1 _1bc\"> </span></span></span>34.1<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Operaciones con socieda<span class=\"__1 _5\"></span>des que consol<span class=\"__1 _5\"></span>idan por el m\u00e9to<span class=\"__1 _5\"></span>do de la<span class=\"__1 _1bc\"> </span></span></span>participaci\u00f3n<span class=\"__1 _1bc\"> </span>Los saldos man<span class=\"__1 _6\"></span>tenidos con sociedades qu<span class=\"__1 _6\"></span>e consolidan p<span class=\"__1 _6\"></span>or el m\u00e9<span class=\"__1 _5\"></span>todo de la p<span class=\"__1 _6\"></span>articipaci\u00f3n al 31 de d<span class=\"__1 _6\"></span>iciembre<span class=\"__1 _1bc\"> </span>de 2023 y 2022 son los<span class=\"__1 _6\"></span> siguientes:<span class=\"__1 _1bc\"> </span>Las <span class=\"__1 _8\"></span>transacciones <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>se <span class=\"__1 _8\"></span>han <span class=\"__1 _8\"></span>efectuado <span class=\"__1 _8\"></span>con <span class=\"__1 _8\"></span>sociedades <span class=\"__1 _8\"></span>que <span class=\"__1 _8\"></span>consolidan <span class=\"__1 _8\"></span>por <span class=\"__1 _8\"></span>el <span class=\"__1 _8\"></span>m\u00e9todo <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>articipaci\u00f3n<span class=\"__1 _1bc\"> </span>durante el ejercicio 2023 y 20<span class=\"__1 _6\"></span>22 son las<span class=\"__1 _6\"></span> siguientes:<span class=\"__1 _1bc\"> </span>31 de <span class=\"__1 _6\"></span>di<span class=\"__1 _6\"></span>ciembre <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>2023<span class=\"__1 _1bc\"> </span>Oleoen<span class=\"__1 _6\"></span>erg\u00eda <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>Puerto<span class=\"__1 _6\"></span>ll<span class=\"__1 _6\"></span>an<span class=\"__1 _6\"></span>o, <span class=\"__1 _6\"></span>S.L.<span class=\"__1 _1bc\"> </span>12<span class=\"__1 _51\"> </span><span class=\"lsb1\">                    -   <span class=\"__1 _cb\"> </span>                    - </span>Cap<span class=\"__1 _6\"></span>acit<span class=\"__1 _6\"></span>aci\u00f3n<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>Servicios <span class=\"__1 _6\"></span>Forest<span class=\"__1 _6\"></span>al<span class=\"__1 _6\"></span>es, S.L.                    -   <span class=\"__1 _6e\"> </span><span class=\"lsb0\">641<span class=\"__1 _cb\"> </span></span>              1<span class=\"__1 _5\"></span>.0<span class=\"__1 _70\"></span>36<span class=\"__1 _1bc\"> </span>12<span class=\"__1 _f\"> </span>641<span class=\"__1 _99\"> </span><span class=\"ls0_1\">1.<span class=\"__1 _5\"></span>036<span class=\"__1 _1bc\"> </span></span>Miles <span class=\"__1 _6\"></span>\u20ac<span class=\"__1 _1bc\"> </span>Cr\u00e9di<span class=\"__1 _6\"></span>to<span class=\"__1 _6\"></span>s <span class=\"__1 _6\"></span>a<span class=\"__1 _1bc\"> </span>Cort<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>Plazo<span class=\"__1 _1bc\"> </span>Deudo<span class=\"__1 _6\"></span>res a<span class=\"__1 _1bc\"> </span>Cort<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>Plazo<span class=\"__1 _1bc\"> </span>(Nota<span class=\"__1 _6\"></span> 25)<span class=\"__1 _1bc\"> </span>Acreedores<span class=\"__1 _6\"></span> a<span class=\"__1 _1bc\"> </span>Cort<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>Plazo<span class=\"__1 _1bc\"> </span>(Nota<span class=\"__1 _6\"></span> 26)<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span> de di<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>em<span class=\"__1 _70\"></span>b<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> de<span class=\"__1 _5\"></span> 20<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>Ol<span class=\"__1 _8\"></span>eoe<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>rg\u00eda<span class=\"__1 _8\"></span> de<span class=\"__1 _5\"></span> Puertol<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _8\"></span>no, S.L<span class=\"__1 _70\"></span>.<span class=\"__1 _1bc\"> </span>36<span class=\"__1 _c5\"> </span><span class=\"lsb3\">                     -   <span class=\"__1 _cd\"> </span>                     - </span>Ca<span class=\"__1 _6\"></span>pa<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>tac<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _6\"></span> de Se<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>vi<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span> For<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span>, S.<span class=\"__1 _5\"></span>L<span class=\"__1 _5\"></span>.                     -   <span class=\"__1 _99\"> </span><span class=\"lsb2\">417<span class=\"__1 _61\"> </span>737<span class=\"__1 _1bc\"> </span></span>36<span class=\"__1 _61\"> </span>417<span class=\"__1 _f\"> </span>737<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> \u20ac<span class=\"__1 _1bc\"> </span>Cr<span class=\"__1 _6\"></span>\u00e9<span class=\"__1 _5\"></span>di<span class=\"__1 _8\"></span>tos<span class=\"__1 _6\"></span> a<span class=\"__1 _1bc\"> </span>Cor<span class=\"__1 _6\"></span>to Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>zo<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _5\"></span>udor<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span> a<span class=\"__1 _1bc\"> </span>Cor<span class=\"__1 _6\"></span>to Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>zo<span class=\"__1 _1bc\"> </span>(Not<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span> 25<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _70\"></span>c<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>ee<span class=\"__1 _70\"></span>do<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span> a<span class=\"__1 _1bc\"> </span>Cor<span class=\"__1 _6\"></span>to Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>zo<span class=\"__1 _1bc\"> </span>(Not<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span> 26<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span>2023<span class=\"__1 _1bc\"> </span>Ca<span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>ci<span class=\"__1 _4\"></span>t<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> Se<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>vi<span class=\"__1 _4\"></span>ci<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span> For<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span>, S.<span class=\"__1 _5\"></span>L<span class=\"__1 _5\"></span>.                 87<span class=\"__1 _6\"></span>9<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>              3<span class=\"__1 _6\"></span>.10<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span>879<span class=\"__1 _fd\"> </span><span class=\"ls0_1\">3<span class=\"__1 _6\"></span>.10<span class=\"__1 _6\"></span>0<span class=\"__1 _1bc\"> </span></span>Se<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>vi<span class=\"__1 _4\"></span>ci<span class=\"__1 _8\"></span>os<span class=\"__1 _1bc\"> </span>Pr<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>dos<span class=\"__1 _1bc\"> </span>Ga<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>tos<span class=\"__1 _6\"></span> de<span class=\"__1 _1bc\"> </span>E<span class=\"__1 _5\"></span>xp<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>ota<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _4\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> \u20ac<span class=\"__1 _1bc\"> </span>2022<span class=\"__1 _1bc\"> </span>Ca<span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>ci<span class=\"__1 _4\"></span>t<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n d<span class=\"__1 _6\"></span>e<span class=\"__1 _5\"></span> Se<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>vi<span class=\"__1 _4\"></span>ci<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span> For<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span>, S.<span class=\"__1 _5\"></span>L<span class=\"__1 _5\"></span>.                 56<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>              2<span class=\"__1 _6\"></span>.30<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span>562<span class=\"__1 _fd\"> </span><span class=\"ls0_1\">2<span class=\"__1 _6\"></span>.30<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span></span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _4\"></span>e<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> \u20ac<span class=\"__1 _1bc\"> </span>Se<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>vi<span class=\"__1 _4\"></span>ci<span class=\"__1 _8\"></span>os<span class=\"__1 _1bc\"> </span>Pr<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>dos<span class=\"__1 _1bc\"> </span>Ga<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>tos<span class=\"__1 _6\"></span> de<span class=\"__1 _1bc\"> </span>E<span class=\"__1 _5\"></span>xp<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>ota<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _1bc\"> </span>34.2<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Operaciones con socios <span class=\"__1 _5\"></span>minoritarios<span class=\"__1 _1bc\"> </span></span></span>Los saldos man<span class=\"__1 _6\"></span>tenidos con socios <span class=\"__1 _6\"></span>minoritarios al 31 d<span class=\"__1 _6\"></span>e diciembre de 2023 y 202<span class=\"__1 _6\"></span>2 son los siguient<span class=\"__1 _6\"></span>es:<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span> de di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>m<span class=\"__1 _5\"></span>br<span class=\"__1 _6\"></span>e de<span class=\"__1 _70\"></span> 2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3<span class=\"__1 _1bc\"> </span>Wo<span class=\"__1 _6\"></span>odpecker Acqu<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ti<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>ns<span class=\"__1 _8\"></span> S.\u00e1<span class=\"__1 _6\"></span> r<span class=\"__1 _6\"></span>.l<span class=\"__1 _6\"></span>.<span class=\"__1 _14e\"> </span><span class=\"lsb6\">                   1<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>.819<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>                     2<span class=\"__1 _6\"></span>.657<span class=\"__1 _6\"></span> <span class=\"__1 _aa\"> </span>                     -                 4<span class=\"__1 _6\"></span>.86<span class=\"__1 _6\"></span>8 <span class=\"__1 _cf\"> </span>                 2<span class=\"__1 _6\"></span>4<span class=\"__1 _6\"></span>4 <span class=\"__1 _aa\"> </span>                     - </span>Sa<span class=\"__1 _6\"></span>n Mi<span class=\"__1 _8\"></span>guel<span class=\"__1 _6\"></span> Arc<span class=\"__1 _6\"></span>\u00e1<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>ge<span class=\"__1 _70\"></span>l<span class=\"__1 _8\"></span>, S.A<span class=\"__1 _70\"></span>.                            -   <span class=\"__1 _cf\"> </span>                            -   <span class=\"__1 _8\"></span>                 27<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _aa\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     - A<span class=\"__1 _5\"></span>cei<span class=\"__1 _6\"></span>te<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>y Ene<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>g\u00eda<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>Sa<span class=\"__1 _6\"></span>nta<span class=\"__1 _6\"></span>ma<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>\u00eda<span class=\"__1 _6\"></span>, S.A<span class=\"__1 _70\"></span>.                            -   <span class=\"__1 _cf\"> </span>                            -   <span class=\"__1 _8\"></span>                 84<span class=\"__1 _6\"></span>8<span class=\"__1 _6\"></span> <span class=\"__1 _aa\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _70\"></span>                    5<span class=\"__1 _6\"></span>8                   14<span class=\"__1 _6\"></span>.819<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>                     2<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>65<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span> <span class=\"__1 _97\"> </span><span class=\"ls0_1\">1.12<span class=\"__1 _6\"></span>6<span class=\"__1 _18\"> </span>4.86<span class=\"__1 _6\"></span>8<span class=\"__1 _15\"> </span><span class=\"lsb7\">244<span class=\"__1 _137\"> </span>58<span class=\"__1 _1bc\"> </span></span></span>A<span class=\"__1 _5\"></span>cti<span class=\"__1 _8\"></span>vos<span class=\"__1 _1bc\"> </span>fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>L<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>go<span class=\"__1 _1bc\"> </span>Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>zo (<span class=\"__1 _6\"></span>N<span class=\"__1 _5\"></span>ota<span class=\"__1 _6\"></span> 27<span class=\"__1 _6\"></span>.2)<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _5\"></span>cti<span class=\"__1 _8\"></span>vos<span class=\"__1 _1bc\"> </span>fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>Cor<span class=\"__1 _6\"></span>to<span class=\"__1 _1bc\"> </span>Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>zo (<span class=\"__1 _6\"></span>N<span class=\"__1 _5\"></span>ota<span class=\"__1 _6\"></span> 27<span class=\"__1 _6\"></span>.2)<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _5\"></span>udor<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span> a<span class=\"__1 _1bc\"> </span>Cor<span class=\"__1 _6\"></span>to Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>zo<span class=\"__1 _1bc\"> </span>(Not<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span> 25<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _5\"></span>uda<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> a<span class=\"__1 _1bc\"> </span>L<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>go P<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>zo<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _5\"></span>uda<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> a<span class=\"__1 _1bc\"> </span>Cor<span class=\"__1 _6\"></span>to Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>zo<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> \u20ac<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _5\"></span>cr<span class=\"__1 _6\"></span>ee<span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span> a<span class=\"__1 _1bc\"> </span>Cor<span class=\"__1 _6\"></span>to Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>zo<span class=\"__1 _1bc\"> </span>(Not<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span> 26<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span>La <span class=\"__1 _8\"></span>deud<span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>a <span class=\"__1 _4\"></span>largo <span class=\"__1 _8\"></span>plazo <span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>correspond<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>con <span class=\"__1 _4\"></span>un <span class=\"__1 _8\"></span>pr\u00e9stamo <span class=\"__1 _8\"></span>o<span class=\"__1 _6\"></span>torgado <span class=\"__1 _8\"></span>p<span class=\"__1 _6\"></span>or <span class=\"__1 _8\"></span>Wood<span class=\"__1 _6\"></span>pecker <span class=\"__1 _8\"></span>Acqu<span class=\"__1 _6\"></span>isitions <span class=\"__1 _4\"></span>S.a.r.l. <span class=\"__1 _8\"></span>a<span class=\"__1 _1bc\"> </span>Magnon Green En<span class=\"__1 _6\"></span>ergy, S.L. D<span class=\"__1 _6\"></span>urante el ejerci<span class=\"__1 _6\"></span>cio 2023 se h<span class=\"__1 _6\"></span>a can<span class=\"__1 _6\"></span>celado <span class=\"__1 _6\"></span>anticipad<span class=\"__1 _6\"></span>amente u<span class=\"__1 _6\"></span>n importe neto<span class=\"__1 _6\"></span> de<span class=\"__1 _1bc\"> </span>12.975 miles \u20ac (18.992 <span class=\"__1 _6\"></span>miles \u20ac en el ejercicio 2<span class=\"__1 _6\"></span>022).<span class=\"__1 _1bc\"> </span>Las <span class=\"__1 _6\"></span>transaccion<span class=\"__1 _6\"></span>es <span class=\"__1 _6\"></span>que <span class=\"__1 _6\"></span>se <span class=\"__1 _6\"></span>han <span class=\"__1 _6\"></span>efectuad<span class=\"__1 _6\"></span>o <span class=\"__1 _6\"></span>con <span class=\"__1 _6\"></span>socios <span class=\"__1 _6\"></span>minorit<span class=\"__1 _6\"></span>arios <span class=\"__1 _6\"></span>al <span class=\"__1 _6\"></span>31 <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>dicie<span class=\"__1 _6\"></span>mbre <span class=\"__1 _6\"></span>de <span class=\"__1 _6\"></span>2023 <span class=\"__1 _6\"></span>y <span class=\"__1 _6\"></span>2022 <span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>on <span class=\"__1 _6\"></span>las<span class=\"__1 _1bc\"> </span>siguientes:<span class=\"__1 _1bc\"> </span>34.3<span class=\"ff5\"> <span class=\"__1 _c0\"></span><span class=\"ff3_1 fc3\">Operaciones con administr<span class=\"__1 _5\"></span>adores<span class=\"__1 _1bc\"> </span></span></span>ENCE no mantiene saldos pendientes <span class=\"__1 _5\"></span>de liquidaci\u00f3n con sus <span class=\"__1 _5\"></span>Administradores al cierre de <span class=\"__1 _5\"></span>los ejercicios 2023<span class=\"__1 _1bc\"> </span>y <span class=\"__1 _ca\"> </span>2022. <span class=\"__1 _c6\"> </span>Ad<span class=\"__1 _6\"></span>icionalmente <span class=\"__1 _c6\"> </span>E<span class=\"__1 _6\"></span>NCE  no <span class=\"__1 _c6\"> </span>ha  ef<span class=\"__1 _5\"></span>ectuado  transacciones <span class=\"__1 _c6\"> </span>con<span class=\"__1 _6\"></span> <span class=\"__1 _c6\"> </span>sus  Administradores <span class=\"__1 _c6\"> </span>du<span class=\"__1 _6\"></span>rante <span class=\"__1 _ca\"> </span>dichos<span class=\"__1 _1bc\"> </span>ejercicios.<span class=\"__1 _1bc\"> </span>31<span class=\"__1 _6\"></span> de di<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>m<span class=\"__1 _5\"></span>br<span class=\"__1 _6\"></span>e de<span class=\"__1 _70\"></span> 2<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>2<span class=\"__1 _1bc\"> </span>Wo<span class=\"__1 _6\"></span>odpecker Acqu<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ti<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>ns<span class=\"__1 _8\"></span> S.\u00e1<span class=\"__1 _6\"></span> r<span class=\"__1 _6\"></span>.l<span class=\"__1 _6\"></span>.<span class=\"__1 _14e\"> </span><span class=\"lsb6\">                   1<span class=\"__1 _6\"></span>6<span class=\"__1 _6\"></span>.290<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>                     5<span class=\"__1 _6\"></span>.630<span class=\"__1 _6\"></span> <span class=\"__1 _aa\"> </span>                     -   <span class=\"__1 _70\"></span>            1<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.843<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>                 3<span class=\"__1 _6\"></span>63<span class=\"__1 _6\"></span> <span class=\"__1 _aa\"> </span>                     </span>Sa<span class=\"__1 _6\"></span>n Mi<span class=\"__1 _8\"></span>guel<span class=\"__1 _6\"></span> Arc<span class=\"__1 _6\"></span>\u00e1<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>ge<span class=\"__1 _70\"></span>l<span class=\"__1 _8\"></span>, S.A<span class=\"__1 _70\"></span>.                            -   <span class=\"__1 _cf\"> </span>                            -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _70\"></span>                    1<span class=\"__1 _6\"></span>6<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _5\"></span>cei<span class=\"__1 _6\"></span>te<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>y Ene<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>g\u00eda<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>Sa<span class=\"__1 _6\"></span>nta<span class=\"__1 _6\"></span>ma<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>\u00eda<span class=\"__1 _6\"></span>, S.A<span class=\"__1 _70\"></span>.                            -   <span class=\"__1 _cf\"> </span>                            -   <span class=\"__1 _70\"></span>                    38<span class=\"__1 _6\"></span> <span class=\"__1 _aa\"> </span>                     -   <span class=\"__1 _cd\"> </span>                     -   <span class=\"__1 _8\"></span>                 7<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span>4                   16<span class=\"__1 _6\"></span>.290<span class=\"__1 _6\"></span> <span class=\"__1 _cf\"> </span>                     5<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>63<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _74\"> </span><span class=\"lsb7\">38<span class=\"__1 _12\"> </span><span class=\"ls0_1\">1<span class=\"__1 _6\"></span>7<span class=\"__1 _6\"></span>.843<span class=\"__1 _15\"> </span></span>363<span class=\"__1 _d7\"> </span>720<span class=\"__1 _1bc\"> </span></span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> \u20ac<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _5\"></span>cti<span class=\"__1 _8\"></span>vos<span class=\"__1 _1bc\"> </span>fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>L<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>go<span class=\"__1 _1bc\"> </span>Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>zo (<span class=\"__1 _6\"></span>N<span class=\"__1 _5\"></span>ota<span class=\"__1 _6\"></span> 27<span class=\"__1 _6\"></span>.2)<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _5\"></span>cti<span class=\"__1 _8\"></span>vos<span class=\"__1 _1bc\"> </span>fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>Cor<span class=\"__1 _6\"></span>to<span class=\"__1 _1bc\"> </span>Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>zo (<span class=\"__1 _6\"></span>N<span class=\"__1 _5\"></span>ota<span class=\"__1 _6\"></span> 27<span class=\"__1 _6\"></span>.2)<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _5\"></span>udor<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span> a<span class=\"__1 _1bc\"> </span>Cor<span class=\"__1 _6\"></span>to Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>zo<span class=\"__1 _1bc\"> </span>(Not<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span> 25<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _5\"></span>uda<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> a<span class=\"__1 _1bc\"> </span>L<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>go P<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>zo<span class=\"__1 _1bc\"> </span>De<span class=\"__1 _5\"></span>uda<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span> a<span class=\"__1 _1bc\"> </span>Cor<span class=\"__1 _6\"></span>to Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>zo<span class=\"__1 _1bc\"> </span>A<span class=\"__1 _5\"></span>cr<span class=\"__1 _6\"></span>ee<span class=\"__1 _70\"></span>d<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span> a<span class=\"__1 _1bc\"> </span>Cor<span class=\"__1 _6\"></span>to Pl<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>zo<span class=\"__1 _1bc\"> </span>(Not<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span> 26<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span>Wo<span class=\"__1 _6\"></span>odpecker A<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>qui<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ti<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>ns<span class=\"__1 _8\"></span> S.\u00e1<span class=\"__1 _6\"></span> r<span class=\"__1 _6\"></span>.l<span class=\"__1 _6\"></span>.<span class=\"__1 _14e\"> </span><span class=\"lsb8\">                     -   <span class=\"__1 _cf\"> </span>                     -   <span class=\"__1 _ce\"> </span>                     -   <span class=\"__1 _8\"></span>                 5<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span></span>Sa<span class=\"__1 _6\"></span>n <span class=\"__1 _6\"></span>Mi<span class=\"__1 _6\"></span>guel<span class=\"__1 _6\"></span> Arc<span class=\"__1 _6\"></span>\u00e1<span class=\"__1 _8\"></span>nge<span class=\"__1 _70\"></span>l<span class=\"__1 _8\"></span>, S.A<span class=\"__1 _70\"></span>.                     -                 3<span class=\"__1 _6\"></span>.508<span class=\"__1 _6\"></span> <span class=\"__1 _b5\"> </span>                     -   <span class=\"__1 _cf\"> </span>                     - A<span class=\"__1 _70\"></span>c<span class=\"__1 _6\"></span>ei<span class=\"__1 _6\"></span>te<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> y Ene<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>g\u00eda<span class=\"__1 _6\"></span> Sa<span class=\"__1 _8\"></span>ntama<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>\u00eda<span class=\"__1 _8\"></span>, S.<span class=\"__1 _70\"></span>A.                 32<span class=\"__1 _6\"></span>1<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>              2<span class=\"__1 _6\"></span>.03<span class=\"__1 _6\"></span>3 <span class=\"__1 _d1\"> </span>                 3<span class=\"__1 _6\"></span>68<span class=\"__1 _6\"></span> <span class=\"__1 _b5\"> </span>                     - 321<span class=\"__1 _23\"> </span><span class=\"ls0_1\">5<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>5<span class=\"__1 _6\"></span>41<span class=\"__1 _137\"> </span><span class=\"lsb9\">368<span class=\"__1 _111\"> </span>538<span class=\"__1 _1bc\"> </span></span></span>2023<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> \u20ac<span class=\"__1 _1bc\"> </span>V<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>ntas<span class=\"__1 _1bc\"> </span>Compra<span class=\"__1 _8\"></span>s<span class=\"__1 _1bc\"> </span>Ga<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>os<span class=\"__1 _8\"></span> de<span class=\"__1 _1bc\"> </span>Expl<span class=\"__1 _8\"></span>ota<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _1bc\"> </span>Ga<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>os<span class=\"__1 _1bc\"> </span>Fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>Wo<span class=\"__1 _6\"></span>odpecker A<span class=\"__1 _5\"></span>c<span class=\"__1 _6\"></span>qui<span class=\"__1 _8\"></span>s<span class=\"__1 _8\"></span>i<span class=\"__1 _8\"></span>ti<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>ns<span class=\"__1 _8\"></span> S.\u00e1<span class=\"__1 _6\"></span> r<span class=\"__1 _6\"></span>.l<span class=\"__1 _6\"></span>.<span class=\"__1 _14e\"> </span><span class=\"lsb8\">                     -   <span class=\"__1 _cf\"> </span>                     -   <span class=\"__1 _ce\"> </span>                     -                 1<span class=\"__1 _6\"></span>.008<span class=\"__1 _1bc\"> </span></span>Sa<span class=\"__1 _6\"></span>n <span class=\"__1 _6\"></span>Mi<span class=\"__1 _6\"></span>guel<span class=\"__1 _6\"></span> Arc<span class=\"__1 _6\"></span>\u00e1<span class=\"__1 _8\"></span>nge<span class=\"__1 _70\"></span>l<span class=\"__1 _8\"></span>, S.A<span class=\"__1 _70\"></span>.                     -                 2<span class=\"__1 _6\"></span>.942<span class=\"__1 _6\"></span> <span class=\"__1 _b5\"> </span>                     -   <span class=\"__1 _cf\"> </span>                     - A<span class=\"__1 _70\"></span>c<span class=\"__1 _6\"></span>ei<span class=\"__1 _6\"></span>te<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span> y Ene<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>g\u00eda<span class=\"__1 _6\"></span> Sa<span class=\"__1 _8\"></span>ntama<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>\u00eda<span class=\"__1 _8\"></span>, S.<span class=\"__1 _70\"></span>A.                 32<span class=\"__1 _6\"></span>0<span class=\"__1 _6\"></span> <span class=\"__1 _ce\"> </span>              1<span class=\"__1 _6\"></span>.95<span class=\"__1 _6\"></span>5 <span class=\"__1 _d1\"> </span>                 3<span class=\"__1 _6\"></span>15<span class=\"__1 _6\"></span> <span class=\"__1 _b5\"> </span>                     - 320<span class=\"__1 _23\"> </span><span class=\"ls0_1\">4<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>8<span class=\"__1 _6\"></span>97<span class=\"__1 _137\"> </span><span class=\"lsb9\">315<span class=\"__1 _23\"> </span></span>1<span class=\"__1 _6\"></span>.<span class=\"__1 _5\"></span>00<span class=\"__1 _6\"></span>8<span class=\"__1 _1bc\"> </span></span>2022<span class=\"__1 _1bc\"> </span>Mi<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es<span class=\"__1 _6\"></span> \u20ac<span class=\"__1 _1bc\"> </span>V<span class=\"__1 _5\"></span>e<span class=\"__1 _5\"></span>ntas<span class=\"__1 _1bc\"> </span>Compra<span class=\"__1 _8\"></span>s<span class=\"__1 _1bc\"> </span>Ga<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>os<span class=\"__1 _8\"></span> de<span class=\"__1 _1bc\"> </span>Expl<span class=\"__1 _8\"></span>ota<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _1bc\"> </span>Ga<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>t<span class=\"__1 _5\"></span>os<span class=\"__1 _1bc\"> </span>Fi<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>r<span class=\"__1 _6\"></span>os",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-46": {
   "value": "36.<span class=\"ff5 ls0_1\"> <span class=\"__1 _bf\"></span><span class=\"ff3_1\">Hechos posteriores </span></span>El <span class=\"__1 _4\"></span>Grupo <span class=\"__1 _c8\"></span>impugn\u00f3, <span class=\"__1 _c8\"></span>a <span class=\"__1 _4\"></span>trav\u00e9s <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>la <span class=\"__1 _c8\"></span>firma <span class=\"__1 _4\"></span>de <span class=\"__1 _c8\"></span>actas <span class=\"__1 _c8\"></span>de <span class=\"__1 _c8\"> </span>insp<span class=\"__1 _6\"></span>ecci\u00f3n <span class=\"__1 _4\"></span>en <span class=\"__1 _c8\"></span>disconfor<span class=\"__1 _6\"></span>midad, <span class=\"__1 _c8\"></span>las <span class=\"__1 _c8\"></span>liquidaciones <span class=\"__1 _c8\"></span>del Impuesto <span class=\"__1 _8\"></span>sobre <span class=\"__1 _8\"></span>Sociedades <span class=\"__1 _8\"></span>del <span class=\"__1 _8\"></span>grupo <span class=\"__1 _8\"></span>fiscal <span class=\"__1 _8\"></span>del <span class=\"__1 _6\"></span>qu<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>es <span class=\"__1 _6\"></span>cab<span class=\"__1 _6\"></span>ecera <span class=\"__1 _6\"></span>EN<span class=\"__1 _6\"></span>CE <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _6\"></span>los<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>ej<span class=\"__1 _6\"></span>ercicios <span class=\"__1 _8\"></span>2018, <span class=\"__1 _8\"></span>2019 <span class=\"__1 _6\"></span>y <span class=\"__1 _8\"></span>2020<span class=\"__1 _6\"></span> as\u00ed <span class=\"__1 _6\"></span>como <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>liquidaci\u00f3n <span class=\"__1 _8\"></span>de <span class=\"__1 _6\"></span>Magnon <span class=\"__1 _6\"></span>Green <span class=\"__1 _6\"></span>En<span class=\"__1 _6\"></span>ergy, <span class=\"__1 _6\"></span>S.L. <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>ejercicio <span class=\"__1 _6\"></span>2020<span class=\"__1 _6\"></span>, <span class=\"__1 _8\"></span>para <span class=\"__1 _6\"></span>hacer <span class=\"__1 _8\"></span>valer <span class=\"__1 _6\"></span>sus <span class=\"__1 _8\"></span>derechos <span class=\"__1 _8\"></span>de impugnaci\u00f3n <span class=\"__1 _5\"></span>de <span class=\"__1 _70\"></span>las <span class=\"__1 _5\"></span>medidas <span class=\"__1 _70\"></span>fi<span class=\"__1 _6\"></span>scales <span class=\"__1 _5\"></span>incluidas <span class=\"__1 _5\"></span>en <span class=\"__1 _70\"></span>el Re<span class=\"__1 _5\"></span>al <span class=\"__1 _70\"></span>De<span class=\"__1 _6\"></span>creto-ley <span class=\"__1 _70\"></span>3<span class=\"__1 _6\"></span>/2016<span class=\"ls11\">, <span class=\"__1 _70\"></span><span class=\"ls0_1\">entre otras, <span class=\"__1 _70\"></span>la <span class=\"__1 _5\"></span>reducci\u00f3n, <span class=\"__1 _70\"></span>desd<span class=\"__1 _6\"></span>e </span></span>el 70% al 25%, en la capacid<span class=\"__1 _6\"></span>ad de ap<span class=\"__1 _6\"></span>rovechamiento de bas<span class=\"__1 _6\"></span>es imponibles negativ<span class=\"__1 _6\"></span>as (v\u00e9ase Nota 32)<span class=\"__1 _8\"></span>. El <span class=\"__1 _4\"></span>18 <span class=\"__1 _4\"></span>de <span class=\"__1 _8\"></span>enero <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>2024 <span class=\"__1 _4\"></span>el <span class=\"__1 _4\"></span>Pleno <span class=\"__1 _4\"></span>del <span class=\"__1 _8\"></span>Tribu<span class=\"__1 _6\"></span>nal <span class=\"__1 _4\"></span>Constitucional <span class=\"__1 _4\"></span>ha <span class=\"__1 _4\"></span>estimado <span class=\"__1 _4\"></span>por <span class=\"__1 _4\"></span>unanimidad <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>cuesti\u00f3n <span class=\"__1 _4\"></span>de inconstitucion<span class=\"__1 _6\"></span>alidad <span class=\"__1 _cc\"> </span>plan<span class=\"__1 _6\"></span>teada <span class=\"__1 _cc\"> </span>respecto <span class=\"__1 _cc\"> </span>de <span class=\"__1 _d1\"> </span>varias <span class=\"__1 _cc\"> </span>mo<span class=\"__1 _6\"></span>dificaciones <span class=\"__1 _cc\"> </span>del <span class=\"__1 _c1\"> </span>Impuesto <span class=\"__1 _cc\"> </span>so<span class=\"__1 _6\"></span>bre <span class=\"__1 _cc\"> </span>Sociedad<span class=\"__1 _6\"></span>es introducidas<span class=\"__1 _6\"></span> <span class=\"__1 _70\"></span>por <span class=\"__1 _5\"></span>el <span class=\"__1 _70\"></span>Real <span class=\"__1 _70\"></span>Decr<span class=\"__1 _6\"></span>eto<span class=\"__1 _6\"></span>-ley <span class=\"__1 _70\"></span>3/2016, <span class=\"__1 _5\"></span>dej\u00e1<span class=\"ls14\">ndo</span>las <span class=\"__1 _5\"></span>sin <span class=\"__1 _70\"></span>efecto. Adicionalmente, <span class=\"__1 _70\"></span>la <span class=\"__1 _5\"></span>sentencia <span class=\"__1 _5\"></span>declara <span class=\"__1 _70\"></span>qu<span class=\"__1 _6\"></span>e no pu<span class=\"__1 _6\"></span>eden cons<span class=\"__1 _6\"></span>iderarse situ<span class=\"__1 _6\"></span>aciones sus<span class=\"__1 _6\"></span>ceptibles de <span class=\"__1 _6\"></span>ser revisadas<span class=\"__1 _6\"></span> con<span class=\"__1 _6\"></span> fundamento <span class=\"__1 _6\"></span>en ella, <span class=\"__1 _6\"></span>las <span class=\"__1 _6\"></span>obligaciones tributarias <span class=\"__1 _8\"></span>que, <span class=\"__1 _6\"></span>a <span class=\"__1 _8\"></span>la <span class=\"__1 _6\"></span>fecha <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _8\"></span>dictarse <span class=\"__1 _6\"></span>la <span class=\"__1 _6\"></span>mis<span class=\"__1 _6\"></span>ma, <span class=\"__1 _6\"></span>hay<span class=\"__1 _6\"></span>an <span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>evenido <span class=\"__1 _6\"></span>firmes, <span class=\"__1 _8\"></span>as\u00ed <span class=\"__1 _6\"></span>como<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>las <span class=\"__1 _8\"></span>liquidacion<span class=\"__1 _6\"></span>es <span class=\"__1 _4\"></span>que <span class=\"__1 _6\"></span>no hayan <span class=\"__1 _4\"></span>sido <span class=\"__1 _4\"></span>impugnadas <span class=\"__1 _4\"></span>a <span class=\"__1 _4\"></span>la <span class=\"__1 _8\"></span>fecha <span class=\"__1 _4\"></span>de <span class=\"__1 _4\"></span>dictarse <span class=\"__1 _4\"></span>la <span class=\"__1 _4\"></span>sentencia, <span class=\"__1 _4\"></span>ni <span class=\"__1 _8\"></span>las <span class=\"__1 _4\"></span>autoliquidaciones <span class=\"__1 _4\"></span>cuya <span class=\"__1 _4\"></span>rectificaci\u00f3n <span class=\"__1 _4\"></span>no haya sido so<span class=\"__1 _6\"></span>licitada a dicha fecha.<span class=\"__1 _6\"></span> ENCE <span class=\"__1 _c8\"></span>ha <span class=\"__1 _c8\"></span>solicitado, <span class=\"__1 _c8\"> </span>a <span class=\"__1 _c8\"></span>trav\u00e9s <span class=\"__1 _4\"></span>de <span class=\"__1 _c8\"> </span>los <span class=\"__1 _c8\"> </span>correspond<span class=\"__1 _6\"></span>ientes <span class=\"__1 _c8\"></span>recursos, <span class=\"__1 _c8\"></span>la <span class=\"__1 _c8\"></span>aplicabilidad <span class=\"__1 _c8\"></span>de <span class=\"__1 _4\"></span>dicha<span class=\"__1 _6\"></span> <span class=\"__1 _c8\"></span>sentencia <span class=\"__1 _c8\"></span>a <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span>us de<span class=\"ls0_1\">claraciones <span class=\"__1 _4\"></span>fiscal<span class=\"__1 _6\"></span>es <span class=\"__1 _4\"></span>del <span class=\"__1 _c8\"></span>Impuesto <span class=\"__1 _c8\"></span>sobre <span class=\"__1 _4\"></span>Sociedades<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>de <span class=\"__1 _c8\"></span>los <span class=\"__1 _4\"></span>ejercicios <span class=\"__1 _c8\"></span>2018 <span class=\"__1 _4\"></span>a <span class=\"__1 _c8\"> </span>2020. <span class=\"__1 _c6\"> </span>En<span class=\"__1 _6\"></span> <span class=\"__1 _4\"></span>este <span class=\"__1 _c8\"></span>sentido, <span class=\"__1 _4\"></span>s<span class=\"__1 _6\"></span><span class=\"ls1c\">e </span></span>estima que e<span class=\"__1 _5\"></span>n caso de <span class=\"__1 _70\"></span>pros<span class=\"__1 _6\"></span>perar dichos recursos el <span class=\"__1 _5\"></span>Grupo podr\u00eda recuperar cr\u00e9ditos f<span class=\"__1 _5\"></span>iscales por <span class=\"ls14\">un <span class=\"__1 _5\"></span><span class=\"ls0_1\">importe </span></span>m\u00e1ximo de 19 <span class=\"ff6\">millon<span class=\"__1 _6\"></span>es \u20ac, </span>jun<span class=\"__1 _6\"></span>to con los corresp<span class=\"__1 _6\"></span>ondientes in<span class=\"__1 _6\"></span>tereses de demora.  No <span class=\"__1 _c8\"></span>se <span class=\"__1 _4\"></span>h<span class=\"__1 _6\"></span>an <span class=\"__1 _4\"></span>p<span class=\"__1 _6\"></span>roducido <span class=\"__1 _c8\"></span>otros <span class=\"__1 _4\"></span>hechos <span class=\"__1 _c8\"> </span>destacab<span class=\"__1 _6\"></span>les <span class=\"__1 _c8\"></span>desde <span class=\"__1 _4\"></span>el <span class=\"__1 _c8\"></span>31 <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>e <span class=\"__1 _4\"></span>d<span class=\"__1 _6\"></span>iciembre <span class=\"__1 _4\"></span>de <span class=\"__1 _c8\"> </span>2023, <span class=\"__1 _c8\"></span>adicionales <span class=\"__1 _c8\"></span>a <span class=\"__1 _c8\"></span>los <span class=\"__1 _4\"></span>ya desglosados<span class=\"__1 _6\"></span> en estas cuentas anuales<span class=\"__1 _6\"></span> consolidad<span class=\"__1 _6\"></span>as, que impliquen su modificaci\u00f3n.<span class=\"__1 _8\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-518": {
   "value": "<div class=\"c_1 w2_1 h58 gs1ee\"><div class=\"t_1 m0_1 x142 h3_1 y138a ff2_1 fs1_1 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x142 h3_1 y138b ff2_1 fs1_1 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x142 h3_1 y138c ff2_1 fs1_1 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x142 h3_1 y138d ff2_1 fs1_1 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x142 h3_1 y138e ff2_1 fs1_1 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x17e h376 y138f ff2_1 fs14 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x17e h5b y5a4 ff7 fs14 fc0_1 sc0_1 ls0_1 ws0_1\">Anex<span class=\"__1 _70\"></span>o I - Per\u00edmetro de c<span class=\"__1 _5\"></span>onsolidaci\u00f3n<span class=\"__1 _6\"></span><span class=\"ff3_1 fs3\"> </span></div><div class=\"t_1 m0_1 x142 h3_1 y1390 ff2_1 fs1_1 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x142 h3_1 y1391 ff2_1 fs1_1 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x142 h3_1 yb52 ff2_1 fs1_1 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x142 h3_1 y1392 ff2_1 fs1_1 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x142 h3_1 y1324 ff2_1 fs1_1 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x142 h3_1 y1393 ff2_1 fs1_1 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x142 h3_1 y1394 ff2_1 fs1_1 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x142 h3_1 y1356 ff2_1 fs1_1 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x142 h3_1 y361 ff2_1 fs1_1 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x142 h3_1 y432 ff2_1 fs1_1 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x142 h3_1 y1359 ff2_1 fs1_1 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x142 h3_1 ye80 ff2_1 fs1_1 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x142 h3_1 y1395 ff2_1 fs1_1 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x142 h3_1 y64a ff2_1 fs1_1 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x142 h3_1 yb59 ff2_1 fs1_1 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x142 h3_1 y1396 ff2_1 fs1_1 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x142 h3_1 y135d ff2_1 fs1_1 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x142 h3_1 y1397 ff2_1 fs1_1 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x142 h3_1 y1398 ff2_1 fs1_1 fc0_1 sc0_1 ls0_1 ws0_1\"> </div><div class=\"t_1 m0_1 x142 h3_1 y1399 ff2_1 fs1_1 fc0_1 sc0_1 ls0_1 ws0_1\"> </div></div>A continuaci\u00f3n se <span class=\"__1 _70\"></span>detalla el porcentaje <span class=\"__1 _5\"></span>de participaci\u00f3n directa <span class=\"__1 _5\"></span>o indirecta <span class=\"__1 _70\"></span>q<span class=\"__1 _6\"></span>ue Ence <span class=\"__1 _5\"></span>Energ\u00eda y Ce<span class=\"__1 _5\"></span>lulosa, S.A.<span class=\"__1 _1bc\"> </span>mantiene en las sociedad<span class=\"__1 _6\"></span>es del Grupo<span class=\"__1 _6\"></span> al 31 de diciembre d<span class=\"__1 _6\"></span>e 2023 y 202<span class=\"__1 _6\"></span>2:<span class=\"__1 _1bc\"> </span>2023<span class=\"__1 _158\"> </span>2022<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _6\"></span>gocio de celulosa<span class=\"__1 _70\"></span>-<span class=\"__1 _1bc\"> </span>Cel<span class=\"__1 _6\"></span>ul<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> de A<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>turi<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>, S.A<span class=\"__1 _5\"></span>.U<span class=\"__1 _5\"></span>. (a<span class=\"__1 _6\"></span>)<span class=\"__1 _23\"> </span>Cel<span class=\"__1 _6\"></span>ul<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> de A<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>turi<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>, S.A<span class=\"__1 _5\"></span>.U<span class=\"__1 _5\"></span>. (a<span class=\"__1 _6\"></span>)<span class=\"__1 _126\"> </span>Pro<span class=\"__1 _6\"></span>duc<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>\u00f3n<span class=\"__1 _6\"></span> c<span class=\"__1 _6\"></span>elu<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span> y energ\u00eda<span class=\"__1 _6\"></span> el<span class=\"__1 _6\"></span>\u00e9ctri<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _159\"> </span><span class=\"lsbb\">100<span class=\"__1 _33\"> </span>100<span class=\"__1 _7e\"> </span></span>I.G.<span class=\"__1 _1bc\"> </span>Si<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>va<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>r Agrofo<span class=\"__1 _6\"></span>res<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>, S.A.<span class=\"__1 _70\"></span>U. (a<span class=\"__1 _6\"></span>)<span class=\"__1 _161\"> </span>Bea<span class=\"__1 _6\"></span>tri<span class=\"__1 _6\"></span>z d<span class=\"__1 _6\"></span>e Bobad<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>, 1<span class=\"__1 _6\"></span>4 (<span class=\"__1 _6\"></span>Ma<span class=\"__1 _6\"></span>dr<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>d)<span class=\"__1 _186\"> </span>Gesti<span class=\"__1 _6\"></span>\u00f3<span class=\"__1 _6\"></span>n pa<span class=\"__1 _6\"></span>tr<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>moni<span class=\"__1 _8\"></span>o for<span class=\"__1 _6\"></span>esta<span class=\"__1 _6\"></span>l<span class=\"__1 _6d\"> </span><span class=\"lsbb\">100<span class=\"__1 _110\"> </span>100<span class=\"__1 _12f\"> </span></span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>I<span class=\"__1 _6\"></span>bers<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>, S.A<span class=\"__1 _70\"></span>.U.<span class=\"__1 _19f\"> </span>Ctra<span class=\"__1 _6\"></span> A-50<span class=\"__1 _6\"></span>00<span class=\"__1 _6\"></span> Km 7,5<span class=\"__1 _6\"></span> (Huel<span class=\"__1 _6\"></span>va<span class=\"__1 _6\"></span>)<span class=\"__1 _5a\"> </span>Serv<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> fo<span class=\"__1 _6\"></span>res<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>es<span class=\"__1 _5b\"> </span><span class=\"lsbb\">100<span class=\"__1 _110\"> </span>100<span class=\"__1 _12f\"> </span></span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>(*)<span class=\"__1 _e9\"> </span>Ence Te<span class=\"__1 _5\"></span>rr<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>, S.A<span class=\"__1 _5\"></span>.U<span class=\"__1 _5\"></span>. (a<span class=\"__1 _6\"></span>)<span class=\"__1 _16c\"> </span>L<span class=\"__1 _70\"></span>ou<span class=\"__1 _6\"></span>ri<span class=\"__1 _8\"></span>za<span class=\"__1 _6\"></span>n, s<span class=\"__1 _6\"></span>/n (P<span class=\"__1 _6\"></span>onteve<span class=\"__1 _5\"></span>dra<span class=\"__1 _8\"></span>)<span class=\"__1 _19a\"> </span>Ge<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>\u00f3n<span class=\"__1 _6\"></span> pa<span class=\"__1 _6\"></span>tri<span class=\"__1 _8\"></span>moni<span class=\"__1 _6\"></span>o fo<span class=\"__1 _6\"></span>res<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>l<span class=\"__1 _6d\"> </span><span class=\"lsbb\">100<span class=\"__1 _110\"> </span>100<span class=\"__1 _12f\"> </span></span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>Ence I<span class=\"__1 _6\"></span>nves<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>ga<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>\u00f3n<span class=\"__1 _6\"></span> y Des<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>rol<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>, S.A<span class=\"__1 _70\"></span>.U.<span class=\"__1 _1bc\"> </span>Ma<span class=\"__1 _6\"></span>ri<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>ma<span class=\"__1 _6\"></span> de  Louri<span class=\"__1 _8\"></span>z\u00e1n<span class=\"__1 _6\"></span> s<span class=\"__1 _6\"></span>/n<span class=\"__1 _1bc\"> </span>(Pon<span class=\"__1 _6\"></span>te<span class=\"__1 _70\"></span>v<span class=\"__1 _6\"></span>edra<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span>I<span class=\"__1 _6\"></span>nves<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>ga<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>\u00f3n<span class=\"__1 _6\"></span> y des<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>ol<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>o de nuevos<span class=\"__1 _1bc\"> </span>materi<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>es <span class=\"__1 _6\"></span>pr<span class=\"__1 _6\"></span>oduc<span class=\"__1 _6\"></span>tos<span class=\"__1 _6\"></span> y p<span class=\"__1 _6\"></span>ro<span class=\"__1 _6\"></span>ces<span class=\"__1 _6\"></span>os<span class=\"__1 _1bc\"> </span>100<span class=\"__1 _110\"> </span>100<span class=\"__1 _12f\"> </span><span class=\"ls0_1\">I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span></span>Lip<span class=\"__1 _6\"></span>tofl<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span> , S.A<span class=\"__1 _5\"></span>. (a)<span class=\"__1 _89\"> </span>Li<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>boa<span class=\"__1 _6\"></span> (P<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>tugal<span class=\"__1 _8\"></span>)<span class=\"__1 _ea\"> </span>Compra<span class=\"__1 _6\"></span>venta<span class=\"__1 _6\"></span> de m<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>dera<span class=\"__1 _11b\"> </span><span class=\"lsbb\">100<span class=\"__1 _110\"> </span>100<span class=\"__1 _12f\"> </span></span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>Si<span class=\"__1 _6\"></span>err<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> Ca<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>ma<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>, S.A.<span class=\"__1 _5\"></span> (d)<span class=\"__1 _6b\"> </span>Monte<span class=\"__1 _5\"></span>vi<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>eo (Urugua<span class=\"__1 _6\"></span>y)<span class=\"__1 _111\"> </span>In<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>va<span class=\"__1 _131\"> </span>-<span class=\"__1 _fc\"> </span><span class=\"lsbb\">100<span class=\"__1 _12f\"> </span></span>I<span class=\"__1 _8\"></span>.G<span class=\"__1 _5\"></span>.<span class=\"__1 _1bc\"> </span>Las<span class=\"__1 _8\"></span> Pl<span class=\"__1 _6\"></span>\u00e9ya<span class=\"__1 _6\"></span>des<span class=\"__1 _6\"></span> Urugu<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>y, S.A<span class=\"__1 _70\"></span>. \u2013 Suc<span class=\"__1 _6\"></span>ur<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span> en<span class=\"__1 _1bc\"> </span>Arge<span class=\"__1 _5\"></span>nti<span class=\"__1 _6\"></span>na<span class=\"__1 _1bc\"> </span>Monte<span class=\"__1 _5\"></span>vi<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>eo (Urugua<span class=\"__1 _6\"></span>y)<span class=\"__1 _111\"> </span>In<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>va<span class=\"__1 _1a0\"> </span><span class=\"lsbb\">100<span class=\"__1 _110\"> </span>100<span class=\"__1 _12f\"> </span></span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>Las<span class=\"__1 _8\"></span> Pl<span class=\"__1 _6\"></span>\u00e9ya<span class=\"__1 _6\"></span>des<span class=\"__1 _6\"></span> Urugu<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>y, S.A<span class=\"__1 _70\"></span>.<span class=\"__1 _87\"> </span>Montevid<span class=\"__1 _6\"></span>eo (Urugua<span class=\"__1 _6\"></span>y)<span class=\"__1 _111\"> </span>In<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>va<span class=\"__1 _1a0\"> </span><span class=\"lsbb\">100<span class=\"__1 _110\"> </span>100<span class=\"__1 _12f\"> </span></span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>Ca<span class=\"__1 _6\"></span>pa<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>tac<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>\u00f3<span class=\"__1 _6\"></span>n de Servi<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span> Fo<span class=\"__1 _6\"></span>res<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>, S.L<span class=\"__1 _5\"></span>.<span class=\"__1 _c4\"> </span>Cur<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> (La Cor<span class=\"__1 _6\"></span>u\u00f1<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>)<span class=\"__1 _9c\"> </span>Tr<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>ba<span class=\"__1 _6\"></span>j<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span> fo<span class=\"__1 _6\"></span>res<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>es<span class=\"__1 _e1\"> </span><span class=\"lsbb\">25<span class=\"__1 _fc\"> </span>25<span class=\"__1 _12f\"> </span></span>M.P.<span class=\"__1 _1bc\"> </span>Bi<span class=\"__1 _6\"></span>ofi<span class=\"__1 _8\"></span>br<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e G<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>, S.L.<span class=\"__1 _5\"></span> (d)<span class=\"__1 _6d\"> </span>Beatr<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>z de Boba<span class=\"__1 _6\"></span>di<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>, 14<span class=\"__1 _6\"></span> (Ma<span class=\"__1 _6\"></span>dr<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>d)<span class=\"__1 _186\"> </span>Pr<span class=\"__1 _6\"></span>oduc<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>\u00f3<span class=\"__1 _6\"></span>n c<span class=\"__1 _6\"></span>el<span class=\"__1 _6\"></span>ul<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>a<span class=\"__1 _16c\"> </span><span class=\"lsbb\">100<span class=\"__1 _125\"> </span></span>-<span class=\"__1 _108\"> </span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>Ence Bi<span class=\"__1 _6\"></span>oma<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>, S.L.<span class=\"__1 _5\"></span>U.<span class=\"__1 _5\"></span> (d)<span class=\"__1 _e5\"> </span>Be<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>tri<span class=\"__1 _6\"></span>z d<span class=\"__1 _6\"></span>e Bobad<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>, 1<span class=\"__1 _6\"></span>4 (<span class=\"__1 _6\"></span>Ma<span class=\"__1 _6\"></span>dr<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>d)<span class=\"__1 _186\"> </span>I<span class=\"__1 _6\"></span>na<span class=\"__1 _8\"></span>cti<span class=\"__1 _6\"></span>va<span class=\"__1 _1a0\"> </span><span class=\"lsbb\">100<span class=\"__1 _80\"> </span></span>-<span class=\"__1 _108\"> </span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>Ence PV, S.<span class=\"__1 _5\"></span>L.<span class=\"__1 _5\"></span>U.<span class=\"__1 _5\"></span> (d)<span class=\"__1 _147\"> </span>Beatri<span class=\"__1 _8\"></span>z de Boba<span class=\"__1 _6\"></span>di<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>, 14<span class=\"__1 _6\"></span> (Ma<span class=\"__1 _6\"></span>dr<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>)<span class=\"__1 _a8\"> </span>I<span class=\"__1 _8\"></span>na<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>va<span class=\"__1 _1a0\"> </span><span class=\"lsbb\">100<span class=\"__1 _80\"> </span></span>-<span class=\"__1 _108\"> </span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>Ence Servi<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span> Energ\u00e9t<span class=\"__1 _70\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>os<span class=\"__1 _6\"></span>, S.L.<span class=\"__1 _5\"></span>U.<span class=\"__1 _5\"></span> (d)<span class=\"__1 _b\"> </span>Bea<span class=\"__1 _6\"></span>tri<span class=\"__1 _6\"></span>z d<span class=\"__1 _6\"></span>e Bobad<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>, 1<span class=\"__1 _6\"></span>4 (<span class=\"__1 _6\"></span>Ma<span class=\"__1 _6\"></span>dri<span class=\"__1 _8\"></span>d)<span class=\"__1 _186\"> </span>I<span class=\"__1 _6\"></span>na<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>va<span class=\"__1 _1a0\"> </span><span class=\"lsbb\">100<span class=\"__1 _80\"> </span></span>-<span class=\"__1 _108\"> </span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>I<span class=\"__1 _6\"></span>bers<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>v<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span> Servi<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span> Su<span class=\"__1 _6\"></span>cu<span class=\"__1 _6\"></span>rs<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span> em Por<span class=\"__1 _6\"></span>tugal<span class=\"__1 _a8\"> </span>Lis<span class=\"__1 _8\"></span>boa<span class=\"__1 _6\"></span> (P<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>tuga<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>)<span class=\"__1 _ea\"> </span>Servi<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span> fo<span class=\"__1 _6\"></span>res<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>es<span class=\"__1 _5b\"> </span><span class=\"lsbb\">100<span class=\"__1 _110\"> </span>100<span class=\"__1 _12f\"> </span></span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>Ne<span class=\"__1 _6\"></span>gocio de ene<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>g\u00eda<span class=\"__1 _5\"></span> re<span class=\"__1 _6\"></span>novable-<span class=\"__1 _1bc\"> </span>Ence Re<span class=\"__1 _5\"></span>nova<span class=\"__1 _6\"></span>b<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>es<span class=\"__1 _6\"></span>, S.L<span class=\"__1 _5\"></span>.U.<span class=\"__1 _70\"></span> (<span class=\"__1 _6\"></span>c) <span class=\"__1 _6\"></span> (d)<span class=\"__1 _61\"> </span>Be<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>tri<span class=\"__1 _6\"></span>z d<span class=\"__1 _6\"></span>e Bobad<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>, 1<span class=\"__1 _6\"></span>4 <span class=\"__1 _6\"></span>(Ma<span class=\"__1 _6\"></span>dr<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>d)<span class=\"__1 _186\"> </span>Hol<span class=\"__1 _8\"></span>di<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>g<span class=\"__1 _169\"> </span><span class=\"lsbb\">100<span class=\"__1 _80\"> </span></span>-<span class=\"__1 _108\"> </span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>Ma<span class=\"__1 _6\"></span>gnon Gr<span class=\"__1 _6\"></span>ee<span class=\"__1 _70\"></span>n <span class=\"__1 _6\"></span>Ene<span class=\"__1 _5\"></span>rgy, S.L.<span class=\"__1 _5\"></span> (a<span class=\"__1 _6\"></span>)<span class=\"__1 _11\"> </span>Beatr<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>z de Boba<span class=\"__1 _6\"></span>di<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>, 14<span class=\"__1 _6\"></span> (Ma<span class=\"__1 _6\"></span>dr<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>d)<span class=\"__1 _186\"> </span>Hol<span class=\"__1 _6\"></span>di<span class=\"__1 _8\"></span>ng y ges<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>\u00f3n de bi<span class=\"__1 _8\"></span>omas<span class=\"__1 _8\"></span>a<span class=\"__1 _2c\"> </span><span class=\"lsbb\">51<span class=\"__1 _83\"> </span>51<span class=\"__1 _101\"> </span></span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>Cel<span class=\"__1 _6\"></span>ul<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span> Energ\u00eda<span class=\"__1 _6\"></span>, S.A<span class=\"__1 _5\"></span>.U<span class=\"__1 _5\"></span>. (a<span class=\"__1 _6\"></span>)<span class=\"__1 _9e\"> </span>Arme<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>tal<span class=\"__1 _8\"></span> s<span class=\"__1 _6\"></span>/n 3<span class=\"__1 _6\"></span>3<span class=\"__1 _6\"></span>71<span class=\"__1 _6\"></span>0-Na<span class=\"__1 _6\"></span>vi<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span> (As<span class=\"__1 _6\"></span>turi<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>)<span class=\"__1 _ce\"> </span>Pr<span class=\"__1 _6\"></span>od<span class=\"__1 _6\"></span>uc<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>\u00f3n y<span class=\"__1 _6\"></span> venta de ene<span class=\"__1 _5\"></span>rg\u00eda<span class=\"__1 _6\"></span> el<span class=\"__1 _6\"></span>\u00e9ctri<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _126\"> </span><span class=\"lsbb\">51<span class=\"__1 _fc\"> </span>51<span class=\"__1 _7c\"> </span></span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>Ence Ene<span class=\"__1 _5\"></span>rg\u00eda<span class=\"__1 _6\"></span> Huel<span class=\"__1 _6\"></span>va<span class=\"__1 _8\"></span>, S.L<span class=\"__1 _70\"></span>.U. (a)<span class=\"__1 _74\"> </span>Beatri<span class=\"__1 _8\"></span>z de Boba<span class=\"__1 _6\"></span>di<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>, 14<span class=\"__1 _6\"></span> (Ma<span class=\"__1 _6\"></span>dr<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>)<span class=\"__1 _a8\"> </span>P<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>oduc<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>\u00f3<span class=\"__1 _6\"></span>n y venta<span class=\"__1 _6\"></span> de e<span class=\"__1 _5\"></span>nerg\u00eda<span class=\"__1 _6\"></span> el<span class=\"__1 _6\"></span>\u00e9ctri<span class=\"__1 _8\"></span>ca<span class=\"__1 _ff\"> </span><span class=\"lsbb\">51<span class=\"__1 _fc\"> </span>51<span class=\"__1 _7c\"> </span></span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>Ence Ene<span class=\"__1 _5\"></span>rg\u00eda<span class=\"__1 _6\"></span> Extr<span class=\"__1 _6\"></span>em<span class=\"__1 _70\"></span>a<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>ur<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>, S.L<span class=\"__1 _5\"></span>.U<span class=\"__1 _5\"></span>. (a<span class=\"__1 _6\"></span>)<span class=\"__1 _67\"> </span>Beatr<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>z de Boba<span class=\"__1 _6\"></span>di<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>, 14<span class=\"__1 _6\"></span> (Ma<span class=\"__1 _6\"></span>dr<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>d)<span class=\"__1 _186\"> </span>Pr<span class=\"__1 _6\"></span>oduc<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>\u00f3<span class=\"__1 _6\"></span>n y venta<span class=\"__1 _6\"></span> de e<span class=\"__1 _5\"></span>nerg\u00eda<span class=\"__1 _6\"></span> el<span class=\"__1 _6\"></span>\u00e9ctri<span class=\"__1 _8\"></span>ca<span class=\"__1 _ff\"> </span><span class=\"lsbb\">51<span class=\"__1 _fc\"> </span>51<span class=\"__1 _7c\"> </span></span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>Ence Ene<span class=\"__1 _5\"></span>rg\u00eda<span class=\"__1 _6\"></span> Huel<span class=\"__1 _6\"></span>va<span class=\"__1 _8\"></span> Dos<span class=\"__1 _6\"></span>, S.L.<span class=\"__1 _70\"></span>U. (a<span class=\"__1 _6\"></span>)<span class=\"__1 _e6\"> </span>Beatri<span class=\"__1 _8\"></span>z de Bobad<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>, 1<span class=\"__1 _6\"></span>4 <span class=\"__1 _6\"></span>(Ma<span class=\"__1 _6\"></span>dr<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>d)<span class=\"__1 _186\"> </span>P<span class=\"__1 _6\"></span>rod<span class=\"__1 _6\"></span>uc<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>\u00f3n<span class=\"__1 _6\"></span> y venta d<span class=\"__1 _6\"></span>e e<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>erg\u00eda<span class=\"__1 _6\"></span> el\u00e9c<span class=\"__1 _6\"></span>tri<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _ff\"> </span><span class=\"lsbb\">51<span class=\"__1 _fc\"> </span>51<span class=\"__1 _7c\"> </span></span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>Ene<span class=\"__1 _5\"></span>rg\u00eda<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e l<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span> Loma, S.A<span class=\"__1 _5\"></span>. (a)<span class=\"__1 _1a1\"> </span>Vi<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>nueva<span class=\"__1 _6\"></span> del<span class=\"__1 _6\"></span> Arzobi<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>po<span class=\"__1 _6\"></span> (Ja<span class=\"__1 _6\"></span>\u00e9n)<span class=\"__1 _126\"> </span>P<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>oduc<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>\u00f3<span class=\"__1 _6\"></span>n y venta<span class=\"__1 _6\"></span> de e<span class=\"__1 _5\"></span>nerg\u00eda<span class=\"__1 _6\"></span> el<span class=\"__1 _6\"></span>\u00e9ctri<span class=\"__1 _8\"></span>ca<span class=\"__1 _178\"> </span>3<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>,67<span class=\"__1 _127\"> </span>32<span class=\"__1 _6\"></span>,67<span class=\"__1 _fc\"> </span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>Ene<span class=\"__1 _5\"></span>rg\u00eda<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> de l<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span> Ma<span class=\"__1 _6\"></span>nc<span class=\"__1 _6\"></span>ha<span class=\"__1 _8\"></span> Ene<span class=\"__1 _5\"></span>man, S.A.<span class=\"__1 _5\"></span> (a<span class=\"__1 _6\"></span>)<span class=\"__1 _113\"> </span>Vil<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span> de Sa<span class=\"__1 _6\"></span>n Jua<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span> (Ci<span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>da<span class=\"__1 _6\"></span>d Rea<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>)<span class=\"__1 _bd\"> </span>Pr<span class=\"__1 _6\"></span>od<span class=\"__1 _6\"></span>uc<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>\u00f3n y <span class=\"__1 _6\"></span>venta de ene<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>g\u00eda<span class=\"__1 _6\"></span> el<span class=\"__1 _6\"></span>\u00e9ctri<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _178\"> </span>34<span class=\"__1 _6\"></span>,89<span class=\"__1 _127\"> </span>3<span class=\"__1 _6\"></span>4,89<span class=\"__1 _125\"> </span>I.G.<span class=\"__1 _1bc\"> </span>Ence Ene<span class=\"__1 _5\"></span>rg\u00eda<span class=\"__1 _6\"></span> P<span class=\"__1 _6\"></span>uertol<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>no, S.L.<span class=\"__1 _5\"></span>U.<span class=\"__1 _5\"></span> (a<span class=\"__1 _6\"></span>)<span class=\"__1 _103\"> </span>Beatri<span class=\"__1 _8\"></span>z de Boba<span class=\"__1 _6\"></span>di<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>, 14<span class=\"__1 _6\"></span> (Ma<span class=\"__1 _6\"></span>dr<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>)<span class=\"__1 _a8\"> </span>P<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>oduc<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>\u00f3<span class=\"__1 _6\"></span>n y venta<span class=\"__1 _6\"></span> de e<span class=\"__1 _5\"></span>nerg\u00eda<span class=\"__1 _6\"></span> el<span class=\"__1 _6\"></span>\u00e9ctri<span class=\"__1 _8\"></span>ca<span class=\"__1 _ff\"> </span><span class=\"lsbb\">51<span class=\"__1 _fc\"> </span>51<span class=\"__1 _7c\"> </span></span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>Bi<span class=\"__1 _6\"></span>oenerg\u00eda<span class=\"__1 _6\"></span> Sa<span class=\"__1 _6\"></span>nta<span class=\"__1 _6\"></span>ma<span class=\"__1 _6\"></span>r\u00eda<span class=\"__1 _8\"></span>, S.<span class=\"__1 _5\"></span>A (a)<span class=\"__1 _1bc\"> </span>Ca<span class=\"__1 _6\"></span>mi<span class=\"__1 _6\"></span>no Vi<span class=\"__1 _6\"></span>ej<span class=\"__1 _6\"></span>o d<span class=\"__1 _6\"></span>e Be<span class=\"__1 _70\"></span>na<span class=\"__1 _8\"></span>me<span class=\"__1 _70\"></span>j<span class=\"__1 _8\"></span>\u00ed, s<span class=\"__1 _6\"></span>/n, Lucena<span class=\"__1 _6\"></span> (Cor<span class=\"__1 _6\"></span>doba<span class=\"__1 _8\"></span>)<span class=\"__1 _1bc\"> </span>Pr<span class=\"__1 _6\"></span>oduc<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n y venta <span class=\"__1 _6\"></span>de e<span class=\"__1 _5\"></span>nerg\u00eda<span class=\"__1 _6\"></span> el<span class=\"__1 _6\"></span>\u00e9ctri<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _159\"> </span>35,7<span class=\"__1 _126\"> </span>35<span class=\"__1 _6\"></span>,7<span class=\"__1 _f9\"> </span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>(*)<span class=\"__1 _e9\"> </span>Ence CO2<span class=\"__1 _6\"></span>, S.L<span class=\"__1 _5\"></span>.U<span class=\"__1 _5\"></span>.  (c)<span class=\"__1 _1a2\"> </span>Beatri<span class=\"__1 _8\"></span>z de Bobad<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>, 1<span class=\"__1 _6\"></span>4 (<span class=\"__1 _6\"></span>Ma<span class=\"__1 _6\"></span>dr<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>d)<span class=\"__1 _186\"> </span>I<span class=\"__1 _6\"></span>na<span class=\"__1 _8\"></span>cti<span class=\"__1 _6\"></span>va<span class=\"__1 _1a0\"> </span><span class=\"lsbb\">100<span class=\"__1 _110\"> </span>100<span class=\"__1 _7e\"> </span></span>I.G.<span class=\"__1 _1bc\"> </span>Ence Bi<span class=\"__1 _6\"></span>og\u00e1<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>, S.<span class=\"__1 _5\"></span>L.<span class=\"__1 _5\"></span>  (c<span class=\"__1 _6\"></span>)  (e)<span class=\"__1 _52\"> </span>Beatri<span class=\"__1 _8\"></span>z de Boba<span class=\"__1 _6\"></span>di<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>, 14<span class=\"__1 _6\"></span> (Ma<span class=\"__1 _6\"></span>dr<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>)<span class=\"__1 _1bc\"> </span>Pr<span class=\"__1 _6\"></span>oduc<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>\u00f3n y venta <span class=\"__1 _6\"></span>de bi<span class=\"__1 _6\"></span>og\u00e1<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span> y<span class=\"__1 _1bc\"> </span>ferti<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>za<span class=\"__1 _6\"></span>nte<span class=\"__1 _5\"></span>s<span class=\"__1 _1bc\"> </span>100<span class=\"__1 _80\"> </span><span class=\"ls0_1\">-<span class=\"__1 _108\"> </span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span></span>Bi<span class=\"__1 _6\"></span>oCH4<span class=\"__1 _6\"></span> Deve<span class=\"__1 _5\"></span>l<span class=\"__1 _6\"></span>op<span class=\"__1 _6\"></span>me<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>ts<span class=\"__1 _6\"></span>, S.L<span class=\"__1 _70\"></span>.  (c<span class=\"__1 _6\"></span>)  (e)<span class=\"__1 _97\"> </span>Bea<span class=\"__1 _6\"></span>tri<span class=\"__1 _6\"></span>z d<span class=\"__1 _6\"></span>e Bobad<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>, 1<span class=\"__1 _6\"></span>4 (<span class=\"__1 _6\"></span>Ma<span class=\"__1 _6\"></span>dr<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>d)<span class=\"__1 _1bc\"> </span>Desa<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>ol<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>o y<span class=\"__1 _6\"></span> co<span class=\"__1 _6\"></span>ns<span class=\"__1 _6\"></span>tr<span class=\"__1 _6\"></span>uc<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>\u00f3n pl<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>nta<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e<span class=\"__1 _1bc\"> </span>bi<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>ga<span class=\"__1 _6\"></span>s<span class=\"__1 _1bc\"> </span>60<span class=\"__1 _12f\"> </span><span class=\"ls0_1\">-<span class=\"__1 _108\"> </span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span></span>(*)<span class=\"__1 _e9\"> </span>Ma<span class=\"__1 _6\"></span>gnon Serv<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>os<span class=\"__1 _6\"></span> Energ\u00e9t<span class=\"__1 _70\"></span>i<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>os<span class=\"__1 _6\"></span>, S.L.<span class=\"__1 _103\"> </span>Beatri<span class=\"__1 _8\"></span>z de Boba<span class=\"__1 _6\"></span>di<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>, 14<span class=\"__1 _6\"></span> (Ma<span class=\"__1 _6\"></span>dr<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>d)<span class=\"__1 _186\"> </span>Expl<span class=\"__1 _8\"></span>ota<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>\u00f3n d<span class=\"__1 _6\"></span>e ca<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>dera<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e bi<span class=\"__1 _6\"></span>oma<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>a<span class=\"__1 _f9\"> </span>75,5<span class=\"__1 _eb\"> </span><span class=\"lsbb\">51<span class=\"__1 _101\"> </span></span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>(*)<span class=\"__1 _e9\"> </span>Ma<span class=\"__1 _6\"></span>gon Bi<span class=\"__1 _8\"></span>omas<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>, S.L<span class=\"__1 _70\"></span>.U.<span class=\"__1 _d4\"> </span>Beatri<span class=\"__1 _8\"></span>z de Bobad<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>, 1<span class=\"__1 _6\"></span>4 (<span class=\"__1 _6\"></span>Ma<span class=\"__1 _6\"></span>dri<span class=\"__1 _8\"></span>d)<span class=\"__1 _186\"> </span>Comerci<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>za<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>\u00f3n<span class=\"__1 _6\"></span> bi<span class=\"__1 _8\"></span>omas<span class=\"__1 _8\"></span>a<span class=\"__1 _d\"> </span><span class=\"lsbb\">51<span class=\"__1 _fc\"> </span>51<span class=\"__1 _7c\"> </span></span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>Ence Ene<span class=\"__1 _5\"></span>rg\u00eda<span class=\"__1 _6\"></span> Es<span class=\"__1 _6\"></span>te,<span class=\"__1 _5\"></span> S.L<span class=\"__1 _5\"></span>.U<span class=\"__1 _5\"></span>.<span class=\"__1 _e5\"> </span>Beatri<span class=\"__1 _8\"></span>z de Boba<span class=\"__1 _6\"></span>di<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>, 14 <span class=\"__1 _6\"></span>(Ma<span class=\"__1 _6\"></span>dr<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>d)<span class=\"__1 _186\"> </span>(**)<span class=\"__1 _11a\"> </span><span class=\"lsbb\">51<span class=\"__1 _83\"> </span>51<span class=\"__1 _101\"> </span></span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>Ence Ene<span class=\"__1 _5\"></span>rg\u00eda<span class=\"__1 _6\"></span> Extr<span class=\"__1 _6\"></span>em<span class=\"__1 _70\"></span>a<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>ur<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span> 2<span class=\"__1 _6\"></span>, S.L<span class=\"__1 _70\"></span>.U.<span class=\"__1 _a2\"> </span>Beatri<span class=\"__1 _8\"></span>z de Bobad<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>, 1<span class=\"__1 _6\"></span>4 <span class=\"__1 _6\"></span>(Ma<span class=\"__1 _6\"></span>dr<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>d)<span class=\"__1 _186\"> </span>(**)<span class=\"__1 _11a\"> </span><span class=\"lsbb\">51<span class=\"__1 _83\"> </span>51<span class=\"__1 _101\"> </span></span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>Sos<span class=\"__1 _6\"></span>teni<span class=\"__1 _6\"></span>bi<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>da<span class=\"__1 _6\"></span>d y Ec<span class=\"__1 _6\"></span>onom\u00eda<span class=\"__1 _6\"></span> Ci<span class=\"__1 _8\"></span>rc<span class=\"__1 _6\"></span>ul<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>, S.L<span class=\"__1 _70\"></span>.U.<span class=\"__1 _5c\"> </span>Beatr<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>z de Boba<span class=\"__1 _6\"></span>di<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>, 14<span class=\"__1 _6\"></span> (Ma<span class=\"__1 _6\"></span>dr<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>d)<span class=\"__1 _186\"> </span>Ge<span class=\"__1 _70\"></span>s<span class=\"__1 _8\"></span>ti<span class=\"__1 _6\"></span>\u00f3n de r<span class=\"__1 _6\"></span>esi<span class=\"__1 _8\"></span>duos<span class=\"__1 _8\"></span> no pel<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>gros<span class=\"__1 _8\"></span>os<span class=\"__1 _19a\"> </span><span class=\"lsbb\">51<span class=\"__1 _fc\"> </span>51<span class=\"__1 _7c\"> </span></span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>Ence Ene<span class=\"__1 _5\"></span>rg\u00eda<span class=\"__1 _6\"></span> Cel<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>, S.L<span class=\"__1 _5\"></span>.U<span class=\"__1 _5\"></span>. <span class=\"__1 _9c\"> </span>Beatri<span class=\"__1 _8\"></span>z de Boba<span class=\"__1 _6\"></span>di<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>, 14 (<span class=\"__1 _6\"></span>Ma<span class=\"__1 _6\"></span>dri<span class=\"__1 _8\"></span>d)<span class=\"__1 _186\"> </span>(**<span class=\"__1 _5\"></span>)<span class=\"__1 _11a\"> </span><span class=\"lsbb\">51<span class=\"__1 _fc\"> </span>51<span class=\"__1 _7c\"> </span></span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>Ence Ene<span class=\"__1 _5\"></span>rg\u00eda<span class=\"__1 _6\"></span> Ca<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span> y Le\u00f3n, S.<span class=\"__1 _5\"></span>L.<span class=\"__1 _5\"></span>U.<span class=\"__1 _25\"> </span>Bea<span class=\"__1 _6\"></span>tri<span class=\"__1 _6\"></span>z d<span class=\"__1 _6\"></span>e Bobad<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>, 14 (Ma<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>ri<span class=\"__1 _8\"></span>d)<span class=\"__1 _186\"> </span>(**<span class=\"__1 _70\"></span>)<span class=\"__1 _d9\"> </span><span class=\"lsbb\">51<span class=\"__1 _fc\"> </span>51<span class=\"__1 _7c\"> </span></span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>Ence Ene<span class=\"__1 _5\"></span>rg\u00eda<span class=\"__1 _6\"></span> Ca<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span> y Le\u00f3n Dos<span class=\"__1 _6\"></span>, S.L.<span class=\"__1 _70\"></span>U.<span class=\"__1 _126\"> </span>Bea<span class=\"__1 _6\"></span>tri<span class=\"__1 _8\"></span>z de Bobad<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>, 1<span class=\"__1 _6\"></span>4 (Ma<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>ri<span class=\"__1 _8\"></span>d)<span class=\"__1 _186\"> </span>(**<span class=\"__1 _5\"></span>)<span class=\"__1 _11a\"> </span><span class=\"lsbb\">51<span class=\"__1 _fc\"> </span>51<span class=\"__1 _7c\"> </span></span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>Ence Ene<span class=\"__1 _5\"></span>rg\u00eda<span class=\"__1 _6\"></span> P<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>mi<span class=\"__1 _6\"></span>, S.L<span class=\"__1 _5\"></span>.U<span class=\"__1 _5\"></span>.<span class=\"__1 _85\"> </span>Be<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span>tri<span class=\"__1 _6\"></span>z de Boba<span class=\"__1 _6\"></span>di<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>, 14<span class=\"__1 _6\"></span> (Ma<span class=\"__1 _6\"></span>dr<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>d)<span class=\"__1 _186\"> </span>(**<span class=\"__1 _70\"></span>)<span class=\"__1 _d9\"> </span><span class=\"lsbb\">51<span class=\"__1 _83\"> </span>51<span class=\"__1 _101\"> </span></span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>Ence Bi<span class=\"__1 _6\"></span>oma<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span> C\u00f3<span class=\"__1 _6\"></span>rd<span class=\"__1 _6\"></span>oba<span class=\"__1 _6\"></span>, S.L.<span class=\"__1 _5\"></span>U<span class=\"__1 _35\"> </span>Beatr<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>z de Boba<span class=\"__1 _6\"></span>di<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>, 14<span class=\"__1 _6\"></span> (Ma<span class=\"__1 _6\"></span>dr<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>d)<span class=\"__1 _a8\"> </span>(<span class=\"__1 _6\"></span>**<span class=\"__1 _70\"></span>)<span class=\"__1 _d9\"> </span><span class=\"lsbb\">51<span class=\"__1 _83\"> </span>51<span class=\"__1 _101\"> </span></span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>Le<span class=\"__1 _70\"></span>p<span class=\"__1 _6\"></span>e 40 Sol<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>, S.L<span class=\"__1 _70\"></span>.U. (N<span class=\"__1 _5\"></span>ota <span class=\"__1 _6\"></span>1)<span class=\"__1 _ed\"> </span>Beatri<span class=\"__1 _8\"></span>z de Boba<span class=\"__1 _6\"></span>di<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>, 14 (Ma<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>ri<span class=\"__1 _8\"></span>d)<span class=\"__1 _186\"> </span>(**<span class=\"__1 _70\"></span>)<span class=\"__1 _1a3\"> </span>-<span class=\"__1 _12f\"> </span><span class=\"lsbb\">51<span class=\"__1 _7c\"> </span></span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>Huel<span class=\"__1 _6\"></span>va<span class=\"__1 _6\"></span> 1<span class=\"__1 _6\"></span>0 So<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>, S.L.<span class=\"__1 _70\"></span>U<span class=\"__1 _19b\"> </span>Beatr<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>z de Boba<span class=\"__1 _6\"></span>di<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>, 14<span class=\"__1 _6\"></span> (Ma<span class=\"__1 _6\"></span>dr<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>d)<span class=\"__1 _a8\"> </span>(<span class=\"__1 _6\"></span>**<span class=\"__1 _70\"></span>)<span class=\"__1 _d9\"> </span><span class=\"lsbb\">51<span class=\"__1 _83\"> </span>51<span class=\"__1 _101\"> </span></span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>And\u00faj<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span> 1<span class=\"__1 _6\"></span>00<span class=\"__1 _6\"></span> Sol<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>r, S.L.<span class=\"__1 _5\"></span>U.<span class=\"__1 _5\"></span> (Nota 1<span class=\"__1 _6\"></span>)<span class=\"__1 _19a\"> </span>Beatr<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>z de Boba<span class=\"__1 _6\"></span>di<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>, 14<span class=\"__1 _6\"></span> (Ma<span class=\"__1 _6\"></span>dr<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>d)<span class=\"__1 _186\"> </span>(**<span class=\"__1 _70\"></span>)<span class=\"__1 _1a3\"> </span>-<span class=\"__1 _b\"> </span><span class=\"lsbb\">51<span class=\"__1 _101\"> </span></span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>Ancen Sol<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span> I<span class=\"__1 _6\"></span>I<span class=\"__1 _6\"></span>I<span class=\"__1 _8\"></span>, S.L<span class=\"__1 _70\"></span>.U.<span class=\"__1 _ef\"> </span>Beatri<span class=\"__1 _8\"></span>z de Boba<span class=\"__1 _6\"></span>di<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>, 14 <span class=\"__1 _6\"></span>(Ma<span class=\"__1 _6\"></span>dr<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>d)<span class=\"__1 _186\"> </span>(**)<span class=\"__1 _11a\"> </span><span class=\"lsbb\">51<span class=\"__1 _83\"> </span>51<span class=\"__1 _101\"> </span></span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>Gra<span class=\"__1 _6\"></span>na<span class=\"__1 _8\"></span>da<span class=\"__1 _6\"></span> 1<span class=\"__1 _6\"></span>33<span class=\"__1 _6\"></span> Sol<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>r, S.L.<span class=\"__1 _5\"></span>U.<span class=\"__1 _dd\"> </span>Beatri<span class=\"__1 _8\"></span>z de Bobad<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>, 1<span class=\"__1 _6\"></span>4 (<span class=\"__1 _6\"></span>Ma<span class=\"__1 _6\"></span>dr<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>d)<span class=\"__1 _186\"> </span>(**<span class=\"__1 _5\"></span>)<span class=\"__1 _11a\"> </span><span class=\"lsbb\">51<span class=\"__1 _fc\"> </span>51<span class=\"__1 _7c\"> </span></span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>Sevi<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span> 9<span class=\"__1 _6\"></span>0 So<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>, S.L<span class=\"__1 _5\"></span>.U.<span class=\"__1 _177\"> </span>Bea<span class=\"__1 _6\"></span>tri<span class=\"__1 _8\"></span>z de Bobad<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>, 1<span class=\"__1 _6\"></span>4 (Ma<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>ri<span class=\"__1 _8\"></span>d)<span class=\"__1 _186\"> </span>(**<span class=\"__1 _70\"></span>)<span class=\"__1 _d9\"> </span><span class=\"lsbb\">51<span class=\"__1 _fc\"> </span>51<span class=\"__1 _7c\"> </span></span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>Ancen Sol<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span> I<span class=\"__1 _6\"></span>V, S.L<span class=\"__1 _70\"></span>.U. (d)<span class=\"__1 _ea\"> </span>Be<span class=\"__1 _70\"></span>a<span class=\"__1 _8\"></span>tri<span class=\"__1 _6\"></span>z de Boba<span class=\"__1 _6\"></span>di<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>, 14<span class=\"__1 _6\"></span> (Ma<span class=\"__1 _6\"></span>dr<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>d)<span class=\"__1 _186\"> </span>(**<span class=\"__1 _70\"></span>)<span class=\"__1 _114\"> </span>19<span class=\"__1 _6\"></span>,21<span class=\"__1 _110\"> </span><span class=\"lsbb\">51<span class=\"__1 _7c\"> </span></span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>Ancen Sol<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span> V, S.L<span class=\"__1 _70\"></span>.U.<span class=\"__1 _1a4\"> </span>Beatri<span class=\"__1 _8\"></span>z de Bobad<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>, 1<span class=\"__1 _6\"></span>4 (<span class=\"__1 _6\"></span>Ma<span class=\"__1 _6\"></span>dr<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>d)<span class=\"__1 _186\"> </span>(**<span class=\"__1 _5\"></span>)<span class=\"__1 _11a\"> </span><span class=\"lsbb\">51<span class=\"__1 _fc\"> </span>51<span class=\"__1 _7c\"> </span></span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>Ence Ene<span class=\"__1 _5\"></span>rg\u00eda<span class=\"__1 _6\"></span> P<span class=\"__1 _6\"></span>uertol<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>no 2<span class=\"__1 _6\"></span>, S.L<span class=\"__1 _5\"></span>.U<span class=\"__1 _5\"></span>.<span class=\"__1 _41\"> </span>Beatri<span class=\"__1 _8\"></span>z de Boba<span class=\"__1 _6\"></span>di<span class=\"__1 _8\"></span>l<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a, 1<span class=\"__1 _6\"></span>4 <span class=\"__1 _6\"></span>(Ma<span class=\"__1 _6\"></span>dr<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>d)<span class=\"__1 _186\"> </span>(**)<span class=\"__1 _11a\"> </span><span class=\"lsbb\">51<span class=\"__1 _83\"> </span>51<span class=\"__1 _101\"> </span></span>I<span class=\"__1 _6\"></span>.G.<span class=\"__1 _1bc\"> </span>Ol<span class=\"__1 _8\"></span>eoe<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>erg\u00eda<span class=\"__1 _6\"></span> de Puertol<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>no, S.L.<span class=\"__1 _4a\"> </span>Arr<span class=\"__1 _6\"></span>uza<span class=\"__1 _6\"></span>fa<span class=\"__1 _6\"></span>, 2<span class=\"__1 _6\"></span>1 (C\u00f3<span class=\"__1 _6\"></span>rd<span class=\"__1 _6\"></span>oba<span class=\"__1 _6\"></span>)<span class=\"__1 _92\"> </span>P<span class=\"__1 _6\"></span>ro<span class=\"__1 _6\"></span>duc<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>\u00f3n<span class=\"__1 _6\"></span> y venta d<span class=\"__1 _6\"></span>e e<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>erg\u00eda<span class=\"__1 _6\"></span> el<span class=\"__1 _6\"></span>\u00e9ctri<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>a<span class=\"__1 _158\"> </span>1<span class=\"__1 _6\"></span>5<span class=\"__1 _6\"></span>,3<span class=\"__1 _126\"> </span>15,3<span class=\"__1 _fc\"> </span>M.P.<span class=\"__1 _1bc\"> </span>Ma<span class=\"__1 _6\"></span>gnon - Jua<span class=\"__1 _8\"></span>n Ma<span class=\"__1 _6\"></span>r\u00eda<span class=\"__1 _8\"></span> Esteve<span class=\"__1 _5\"></span>z UT<span class=\"__1 _5\"></span>E<span class=\"__1 _16\"> </span>O<span class=\"__1 _6\"></span>rens<span class=\"__1 _6\"></span>e, 58 <span class=\"__1 _6\"></span>(Ma<span class=\"__1 _6\"></span>dr<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>d)<span class=\"__1 _1d\"> </span>Gesti<span class=\"__1 _6\"></span>\u00f3<span class=\"__1 _6\"></span>n de res<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>duos<span class=\"__1 _6\"></span> <span class=\"__1 _6\"></span>for<span class=\"__1 _6\"></span>esta<span class=\"__1 _6\"></span>l<span class=\"__1 _6\"></span>es<span class=\"__1 _74\"> </span><span class=\"lsbb\">65<span class=\"__1 _12f\"> </span></span>-<span class=\"__1 _a2\"> </span>I<span class=\"__1 _6\"></span>.P<span class=\"__1 _1bc\"> </span>(a<span class=\"__1 _6\"></span>) Cuenta<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> a<span class=\"__1 _6\"></span>nu<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>e<span class=\"__1 _5\"></span>s<span class=\"__1 _6\"></span> a<span class=\"__1 _6\"></span>u<span class=\"__1 _6\"></span>di<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>da<span class=\"__1 _8\"></span>s<span class=\"__1 _1bc\"> </span>(c)<span class=\"__1 _6\"></span> Dur<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>nte e<span class=\"__1 _70\"></span>l<span class=\"__1 _8\"></span> ejerc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>o 2<span class=\"__1 _6\"></span>02<span class=\"__1 _6\"></span>3, l<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> s<span class=\"__1 _8\"></span>oci<span class=\"__1 _8\"></span>eda<span class=\"__1 _6\"></span>des <span class=\"__1 _6\"></span>Ence CO2<span class=\"__1 _6\"></span>, Ence Bi<span class=\"__1 _6\"></span>og\u00e1<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span> y<span class=\"__1 _6\"></span> Bi<span class=\"__1 _6\"></span>oCH4<span class=\"__1 _6\"></span> Develop<span class=\"__1 _6\"></span>me<span class=\"__1 _5\"></span>nts<span class=\"__1 _6\"></span>  s<span class=\"__1 _6\"></span>e ha<span class=\"__1 _6\"></span>n tra<span class=\"__1 _8\"></span>s<span class=\"__1 _6\"></span>pa<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>do d<span class=\"__1 _6\"></span>esd<span class=\"__1 _6\"></span>e E<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>e a Enc<span class=\"__1 _6\"></span>e Re<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>ova<span class=\"__1 _6\"></span>bl<span class=\"__1 _8\"></span>es.<span class=\"__1 _1bc\"> </span>M\u00e9<span class=\"__1 _5\"></span>todo de<span class=\"__1 _1bc\"> </span>co<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>ol<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>da<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3n<span class=\"__1 _1bc\"> </span>(b)<span class=\"__1 _1bc\"> </span>Acti<span class=\"__1 _6\"></span>vi<span class=\"__1 _6\"></span>d<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>d<span class=\"__1 _1bc\"> </span>Domi<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>i<span class=\"__1 _6\"></span>o<span class=\"__1 _1bc\"> </span>Soc<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>eda<span class=\"__1 _6\"></span>d<span class=\"__1 _1bc\"> </span>(**<span class=\"__1 _70\"></span>) Actua<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>me<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>te<span class=\"__1 _5\"></span> en fas<span class=\"__1 _8\"></span>e de<span class=\"__1 _5\"></span> tra<span class=\"__1 _6\"></span>mi<span class=\"__1 _6\"></span>ta<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>\u00f3n a<span class=\"__1 _8\"></span>dmi<span class=\"__1 _6\"></span>ni<span class=\"__1 _6\"></span>s<span class=\"__1 _8\"></span>tra<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>va<span class=\"__1 _6\"></span> d<span class=\"__1 _6\"></span>e nuevas<span class=\"__1 _8\"></span> pl<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>ntas<span class=\"__1 _8\"></span> de ge<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>era<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>\u00f3n<span class=\"__1 _6\"></span> de e<span class=\"__1 _5\"></span>nerg\u00eda<span class=\"__1 _6\"></span> r<span class=\"__1 _6\"></span>enova<span class=\"__1 _6\"></span>bl<span class=\"__1 _8\"></span>e.<span class=\"__1 _1bc\"> </span>(e) V<span class=\"__1 _5\"></span>a<span class=\"__1 _6\"></span>ri<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>nes<span class=\"__1 _6\"></span> del<span class=\"__1 _6\"></span> per\u00edmet<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>o d<span class=\"__1 _6\"></span>ur<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>nte e<span class=\"__1 _70\"></span>l<span class=\"__1 _8\"></span> ejerc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>o 2<span class=\"__1 _6\"></span>02<span class=\"__1 _6\"></span>2 (<span class=\"__1 _6\"></span>ver Nota 6<span class=\"__1 _6\"></span>).<span class=\"__1 _1bc\"> </span>(b) M\u00e9t<span class=\"__1 _5\"></span>odo d<span class=\"__1 _6\"></span>e cons<span class=\"__1 _8\"></span>ol<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>da<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>\u00f3<span class=\"__1 _6\"></span>n:  I.G. (i<span class=\"__1 _6\"></span>ntegra<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>\u00f3n gl<span class=\"__1 _8\"></span>oba<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>); M.<span class=\"__1 _5\"></span>P. (M\u00e9t<span class=\"__1 _70\"></span>od<span class=\"__1 _6\"></span>o de pa<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>pa<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3n); I<span class=\"__1 _6\"></span>.P. (i<span class=\"__1 _6\"></span>nteg<span class=\"__1 _5\"></span>ra<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>\u00f3n pr<span class=\"__1 _6\"></span>op<span class=\"__1 _6\"></span>orc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ona<span class=\"__1 _6\"></span>l<span class=\"__1 _8\"></span>)<span class=\"__1 _1bc\"> </span>(d) Va<span class=\"__1 _6\"></span>ri<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>nes<span class=\"__1 _6\"></span> del<span class=\"__1 _6\"></span> per\u00edme<span class=\"__1 _5\"></span>tro du<span class=\"__1 _6\"></span>ra<span class=\"__1 _8\"></span>nte<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>el <span class=\"__1 _6\"></span>ejerc<span class=\"__1 _6\"></span>i<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>o 20<span class=\"__1 _6\"></span>2<span class=\"__1 _6\"></span>3 (v<span class=\"__1 _6\"></span>er Nota 6<span class=\"__1 _6\"></span>).<span class=\"__1 _1bc\"> </span>% de par<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>p<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>\u00f3n<span class=\"__1 _1bc\"> </span>di<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span>ecta<span class=\"__1 _6\"></span> o i<span class=\"__1 _8\"></span>ndi<span class=\"__1 _8\"></span>recta<span class=\"__1 _1bc\"> </span>(*) Cambi<span class=\"__1 _8\"></span>o de denom<span class=\"__1 _5\"></span>i<span class=\"__1 _6\"></span>n<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>ci<span class=\"__1 _8\"></span>\u00f3n en 2<span class=\"__1 _6\"></span>02<span class=\"__1 _6\"></span>3. Enc<span class=\"__1 _6\"></span>e T<span class=\"__1 _5\"></span>erra<span class=\"__1 _6\"></span>, S.A.<span class=\"__1 _5\"></span>U.<span class=\"__1 _5\"></span> a<span class=\"__1 _6\"></span>nteri<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>ment<span class=\"__1 _5\"></span>e N<span class=\"__1 _70\"></span>o<span class=\"__1 _6\"></span>rte Fores<span class=\"__1 _6\"></span>tal<span class=\"__1 _8\"></span>, S.A<span class=\"__1 _70\"></span>.U.;<span class=\"__1 _70\"></span> Enc<span class=\"__1 _6\"></span>e CO2<span class=\"__1 _6\"></span>, S.L<span class=\"__1 _70\"></span>.U. anteri<span class=\"__1 _6\"></span>o<span class=\"__1 _6\"></span>rment<span class=\"__1 _5\"></span>e E<span class=\"__1 _5\"></span>nc<span class=\"__1 _6\"></span>e Se<span class=\"__1 _70\"></span>r<span class=\"__1 _6\"></span>vi<span class=\"__1 _8\"></span>ci<span class=\"__1 _8\"></span>os<span class=\"__1 _8\"></span> Corp<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>ti<span class=\"__1 _6\"></span>vos<span class=\"__1 _8\"></span>, S.L<span class=\"__1 _70\"></span>.U.;<span class=\"__1 _1bc\"> </span>Ma<span class=\"__1 _6\"></span>gnon Servi<span class=\"__1 _8\"></span>c<span class=\"__1 _6\"></span>i<span class=\"__1 _6\"></span>os<span class=\"__1 _8\"></span> Ene<span class=\"__1 _5\"></span>rg\u00e9ti<span class=\"__1 _6\"></span>co<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>, S.L<span class=\"__1 _5\"></span>. an<span class=\"__1 _6\"></span>te<span class=\"__1 _5\"></span>ri<span class=\"__1 _8\"></span>or<span class=\"__1 _6\"></span>me<span class=\"__1 _70\"></span>n<span class=\"__1 _6\"></span>te<span class=\"__1 _70\"></span> <span class=\"__1 _6\"></span>Ancen Sol<span class=\"__1 _6\"></span>a<span class=\"__1 _6\"></span>r<span class=\"__1 _6\"></span> VI<span class=\"__1 _6\"></span>; Magnon<span class=\"__1 _6\"></span> Bi<span class=\"__1 _6\"></span>oma<span class=\"__1 _6\"></span>s<span class=\"__1 _6\"></span>a<span class=\"__1 _8\"></span>, S.<span class=\"__1 _5\"></span>L.<span class=\"__1 _5\"></span>U.<span class=\"__1 _5\"></span> a<span class=\"__1 _6\"></span>nteri<span class=\"__1 _6\"></span>or<span class=\"__1 _6\"></span>ment<span class=\"__1 _5\"></span>e A<span class=\"__1 _70\"></span>nc<span class=\"__1 _6\"></span>en Sol<span class=\"__1 _8\"></span>a<span class=\"__1 _6\"></span>r I<span class=\"__1 _8\"></span>I",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory",
    "language": "es",
    "entity": "scheme:95980020140005309084",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  }
 }
}